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   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls74 ws7f\" style=\"z-index: 15;\">L<span class=\"_ _2b\"></span>egal<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls1 ws1\" style=\"z-index: 15;\">st<span class=\"_ _2\"></span>ruct<span class=\"_ _2\"></span>ure</div>\n<div class=\"t m0 x7 h63 y714 ff46 fs40 fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">Ageas<span class=\"lsf6\"> SA/NV, incorporate<span class=\"lsf7 ws10e\">d in </span></span></div>\n<div class=\"t m0 x7 h63 y715 ff46 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">Belgium with its regist<span class=\"_ _0\"></span>ered office at</div>\n<div class=\"t m0 x7 h63 y716 ff46 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">Rue du Marquis 1/Markiesstraat 1,<span class=\"ls0 ws0\"><span class=\"lsf6 ws110\"> </span></span></div>\n<div class=\"t m0 x7 h63 y717 ff46 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">Brussels, Belgium<span class=\"lsf9 ws111\">* <span class=\"lsf8 ws10f\">is the parent </span></span></div>\n<div class=\"t m0 x7 h63 y718 ff46 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">company of the Ageas <span class=\"ls0 ws0\">g<span class=\"_ _2\"></span></span><span class=\"ws112\">roup.<span class=\"ls0 ws0\"> </span>The </span></div>\n<div class=\"t m0 x7 h63 y719 ff46 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">Annual Report includes the</div>\n<div class=\"t m0 x7 h63 y71a ff46 fs40 fc1e sc0 lsf6 ws113\" style=\"z-index: 15;\">Consolidated Financial Statemen<span class=\"_ _0\"></span>ts</div>\n<div class=\"t m0 x7 h63 y71b ff46 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">of the Ageas group and the</div>\n<div class=\"t m0 x7 h63 y71c ff46 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">Financial Statements of Ag<span class=\"lsf6 ws110\">eas </span></div>\n<div class=\"t m0 x7 h63 y71d ff46 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">SA/NV. Ageas group carries out life,</div>\n<div class=\"t m0 x7 h63 y71e ff46 fs40 fc1e sc0 lsf8 ws112\" style=\"z-index: 15;\">non-life insurance and reinsurance<span class=\"ls0 ws0\"><span class=\"lsf6\"> </span></span></div>\n<div class=\"t m0 x7 h63 y71f ff46 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">business in Europe and Asia.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x7 h4f y720 ff44 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h5c y721 ff47 fs3f fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">* <span class=\"_ _5\"> </span><span class=\"lsf1 ws107\">Please note that Ageas\u2019s registered offices will be at </span></div>\n<div class=\"t m0 x44 h5c y722 ff47 fs3f fc1e sc0 lsf1 ws107\" style=\"z-index: 15;\">Manhattan Center Brussels, Avenue du Boulevard 21,</div>\n<div class=\"t m0 x44 h5c y723 ff47 fs3f fc1e sc0 lsf1 ws107\" style=\"z-index: 15;\">1210 Brussels, Belgium, as from 21 April 2<span class=\"ws106\">023<span class=\"ls0 ws0\">., </span></span></div>\n<div class=\"t m0 x26 h4f y724 ff44 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">shares are list<span class=\"_ _0\"></span>ed on the regu<span class=\"_ _0\"></span>lated mark<span class=\"_ _0\"></span>et of Euron<span class=\"_ _2b\"></span>ext Brussels. <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span></span>has a sponso<span class=\"_ _2b\"></span>red ADR </span></span></div>\n<div class=\"t m0 x26 h4f y725 ff44 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">program<span class=\"_ _0\"></span>me in the Uni<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y726 ff44 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y727 ff44 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Known sharehol<span class=\"_ _2\"></span>ders of <span class=\"wsf1\">Ageas SA/NV<span class=\"ls0 ws0\"><span class=\"lsfa ws114\"><span class=\"lse0 wsf0\">, based on the of<span class=\"_ _0\"></span>ficia<span class=\"_ _0\"></span>l notificat<span class=\"_ _2b\"></span>ions, as at 31 Decem<span class=\"_ _2b\"></span>ber 20<span class=\"ls0 ws0\">22<span class=\"_ _2\"></span> </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y728 ff44 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">are:<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t m0 x26 h4f y729 ff48 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff49\"> <span class=\"_ _46\"> </span><span class=\"ff44 lsfb wsfa\">F<span class=\"_ _2\"></span>osun</span><span class=\"ff44\">  <span class=\"_ _81\"></span><span class=\"lsf4 ws10c\">........................<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">10.<span class=\"_ _0\"></span>01%;<span class=\"ls0 ws0\"> </span></span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y72a ff48 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff49\"> <span class=\"_ _46\"> </span><span class=\"ff44 lse1 wsf0\">B<span class=\"_ _2\"></span>lackRock,</span><span class=\"ff44\"> <span class=\"lsfc ws115\">Inc</span>  <span class=\"_ _2b\"></span><span class=\"lsf4 ws10c\">............<span class=\"ls0 ws0\"> <span class=\"_ _2b\"></span>6.<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">59<span class=\"lsfd ws116\">%; </span></span> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y72b ff48 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff49\"> <span class=\"_ _46\"> </span><span class=\"ff44 lsfc ws115\">F<span class=\"_ _2\"></span>PIM</span><span class=\"ff44\">-<span class=\"lse2 wsf1\">SF</span>P<span class=\"_ _2\"></span>I  <span class=\"_ _2b\"></span><span class=\"lsf4 ws10c\">..................<span class=\"ls0 ws0\"> <span class=\"_ _2b\"></span>6.<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">33</span>%. </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y72c ff44 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y72d ff44 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">SA/NV<span class=\"_ _2\"></span> and its subsidia<span class=\"_ _2\"></span>ries hold <span class=\"ls0 ws0\">3.<span class=\"lse0 wsef\">01<span class=\"wsf0\">% of its own shares. <span class=\"wsfa\">Th<span class=\"_ _2b\"></span>is interest is r<span class=\"_ _2b\"></span>elated to the </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y72e ff44 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">FRESH (s<span class=\"_ _0\"></span>ee note<span class=\"ls0 ws0\"> </span>18 Shar<span class=\"_ _2b\"></span>eholders\u2019 equit<span class=\"_ _0\"></span>y and note 20 S<span class=\"_ _2b\"></span>ubordinated liab<span class=\"_ _2b\"></span>ilities), rest<span class=\"_ _0\"></span>ricted sh<span class=\"_ _0\"></span>are</div>\n<div class=\"t m0 x26 h4f y72f ff44 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">programmes and<span class=\"_ _2\"></span> the share buy<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">back<span class=\"_ _0\"></span> programm<span class=\"_ _2b\"></span>es (see note 18 Share<span class=\"_ _0\"></span>holders<span class=\"_ _0\"></span>\u2019 equity<span class=\"_ _0\"></span>).<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y730 ff44 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">The legal struc<span class=\"_ _2\"></span>ture of <span class=\"wsf1\">Ageas<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">is per<span class=\"_ _2\"></span> 31<span class=\"ls0 ws0\"> </span></span>December<span class=\"ls0 ws0\"> </span>202<span class=\"ls0 ws0\">2<span class=\"_ _2\"></span> </span></span>as follows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7e h67 y75b ff4d fs42 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Ageas SA/NV</div>\n<div class=\"t m0 x42 h67 y75a ff4d fs42 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">100%<span class=\"fs43\"> Ageas Insurance International NV</span></div>\n<div class=\"t m0 xae h68 y75c ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">100%</div>\n<div class=\"t m0 xe9 h68 y75d ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Ageas UK</div>\n<div class=\"t m0 xf7 h68 y75e ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Ltd.</div>\n<div class=\"t m0 x62 h68 y76b ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Various legal</div>\n<div class=\"t m0 x89 h68 y76c ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">entities part of</div>\n<div class=\"t m0 xd1 h68 y76d ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Ageas Asia</div>\n<div class=\"t m0 x89 h69 y76e ff4e fs45 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Presence in China,</div>\n<div class=\"t m0 x1e5 h69 y76f ff4e fs45 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Thailand, Malaysia, India</div>\n<div class=\"t m0 xf0 h69 y770 ff4e fs45 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Philippines, Vietnam</div>\n<div class=\"t m0 x1e6 h69 y771 ff4e fs45 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Hong Kong and Singapore</div>\n<div class=\"t m0 x1e8 h68 y774 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Various legal</div>\n<div class=\"t m0 x1e9 h68 y775 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">entities part of</div>\n<div class=\"t m0 xce h68 y776 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Continental Europe</div>\n<div class=\"t m0 x71 h69 y772 ff4e fs45 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Presence in Portugal,</div>\n<div class=\"t m0 x1e7 h69 y773 ff4e fs45 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">France and T\u00fcrkiye</div>\n<div class=\"t m0 x12b h68 y768 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">75%</div>\n<div class=\"t m0 xa1 h68 y769 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">AG Insurance</div>\n<div class=\"t m0 x1e4 h68 y76a ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">SA/NV</div>\n<div class=\"t m0 x1a0 h68 y75f ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">44.7%</div>\n<div class=\"t m0 xfe h68 y760 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Royal Park</div>\n<div class=\"t m0 x108 h68 y761 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Investments</div>\n<div class=\"t m0 xef h68 y762 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">SA/NV</div>\n<div class=\"t m0 x56 h68 y763 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">100%</div>\n<div class=\"t m0 xfb h68 y764 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Ageasfinlux SA</div>\n<div class=\"t m0 xd0 h68 y763 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">100%</div>\n<div class=\"t m0 x1e3 h68 y764 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Goldpark</div>\n<div class=\"t m0 xcf h68 y765 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">International</div>\n<div class=\"t m0 xcf h68 y766 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Investments</div>\n<div class=\"t m0 x102 h68 y767 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">BV</div>\n<div class=\"t m0 x26 h4f y741 ff44 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Fully con<span class=\"_ _2\"></span>solidated entities o<span class=\"_ _2\"></span>f Ageas in<span class=\"ls0 ws0\"> </span>Europ<span class=\"_ _2\"></span>e are in<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">UK, Ageas UK Ltd. <span class=\"wsfa\">(<span class=\"_ _2b\"></span>100%), in<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Portugal, </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y742 ff44 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Millenniumbcp<span class=\"_ _2\"></span> Ageas (51%), M\u00e9d<span class=\"_ _2\"></span>is (100%), Ageas Por<span class=\"_ _2\"></span>tugal Vida (100%)<span class=\"_ _2\"></span> and Ageas Portugal<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x26 h4f y743 ff44 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">Seguros (100%)<span class=\"_ _2\"></span> and in France, Ageas France (100<span class=\"_ _2\"></span>%)</div>\n<div class=\"t m0 x1e1 h64 y744 ff44 fs41 fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">3</div>\n<div class=\"t m0 x1e2 h4f y745 ff44 fs3a fc1e sc0 lsf4 ws10c\" style=\"z-index: 15;\">. <span class=\"lse0 wsfa\">The full lis<span class=\"_ _0\"></span>t of und<span class=\"_ _2b\"></span>ertakings in t<span class=\"_ _0\"></span>he scope <span class=\"_ _0\"></span>of </span></div>\n<div class=\"t m0 x26 h4f y746 ff44 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">the Group<span class=\"_ _2\"></span> is published in<span class=\"_ _2\"></span> the \u2018Group Public <span class=\"_ _2\"></span>Disclosure QRTs\u2019 wh<span class=\"_ _2\"></span>ich can be found<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"ws103\">on the website: </span></div>\n<div class=\"t m0 x26 h4f y747 ff44 fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">https://www.age<span class=\"_ _2\"></span>as.com/investors/quarterl<span class=\"_ _2\"></span>y<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">resu<span class=\"_ _0\"></span>lts<span class=\"ff47 fc1e ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h65 y749 ff49 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"_ _20e\"> </span><span class=\"ff46 fs40\"> </span></div>\n<div class=\"t m0 x2c h4f y74a ff44 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h5c y74b ff47 fs3f fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">3  <span class=\"_ _c2\"> </span><span class=\"lsf1 ws107\">Ageas F<span class=\"_ _2\"></span>rance is accounted for under<span class=\"_ _0\"></span> IFRS 5 as \u201cheld for sale\u201d. See note 3.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 118px; height: 843px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 118px; height: 843px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls20 ws23\" style=\"z-index: 15;\">Summar<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> o<span class=\"_ _2b\"></span>f <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">acc<span class=\"_ _2b\"></span>ou<span class=\"_ _2\"></span>n<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ing policies</div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h63 y714 ff52 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">The Ageas Consolidated Finan<span class=\"_ _2b\"></span>cial</div>\n<div class=\"t m0 x7 h63 y715 ff52 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">Statements<span class=\"ls0 ws0\"> </span><span class=\"ws10f\">ov<span class=\"_ _2\"></span>er the annual </span></div>\n<div class=\"t m0 x7 h63 y716 ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">reporting period 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 y717 ff52 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">(\u2018<span class=\"ls0 ws0\">c</span>onsolidated <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f<span class=\"lsf6 ws110\">inancial </span></span></div>\n<div class=\"t m0 x7 h63 y718 ff52 fs40 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lsf6\">tatements\u2019), including all the </span></div>\n<div class=\"t m0 x7 h63 y719 ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">notes, comply with the International</div>\n<div class=\"t m0 x7 h63 y71a ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Financial Reporting Standards</div>\n<div class=\"t m0 x7 h63 y71b ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(IFRS) required <span class=\"ws112\">on<span class=\"ls0 ws0\"> 1<span class=\"_ _2\"></span> </span>January<span class=\"ls0 ws0\"> <span class=\"lsff ws119\">20<span class=\"_ _2\"></span>2</span>2<span class=\"lsf6 ws110\">, </span></span></span></div>\n<div class=\"t m0 x7 h63 y71c ff52 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">as issued by the Internatio<span class=\"_ _0\"></span>nal</div>\n<div class=\"t m0 x7 h63 y71d ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Accounting Standards Board <span class=\"ws112\">(IASB) </span></div>\n<div class=\"t m0 x7 h63 y71e ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and endorsed by the European</div>\n<div class=\"t m0 x7 h63 y71f ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Union (EU).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 596px; height: 243px; width: 219px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 596px; height: 248px; width: 219px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 596px; height: 253px; width: 219px; z-index: 3;\"><br/></div>\n\n<div id=\"fs_2GAASCPQ5S00000000000000000000\"><br/></div>\n<div style=\"z-index: 15;\"><br/></div>\n<div id=\"fs_F3WI6KKNF400000000000000000000\"><br/></div>\n<div style=\"z-index: 15;\"><br/></div>\n<div id=\"fs_STNC9X22GW00000000000000000000\"><br/></div>\n<div class=\"t m0 x26 h4f y724 ff50 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The Board of Dire<span class=\"_ _2\"></span>ctors of Ageas released the<span class=\"_ _2\"></span>se consolidated financial s<span class=\"_ _2\"></span>tatements for issue on 28</div>\n<div class=\"t m0 x26 h4f y725 ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">March 202<span class=\"_ _0\"></span>3.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h6a y777 ff53 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h6a y778 ff53 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Basis of accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y779 ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The accou<span class=\"_ _0\"></span>nting pol<span class=\"_ _0\"></span>icies app<span class=\"_ _0\"></span>lied in the<span class=\"_ _0\"></span><span class=\"lsf3 ws11c\">se<span class=\"ls0 ws0\"> c<span class=\"lse0 wsef\">onsolidate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f<span class=\"ls102 ws11d\">inancial<span class=\"_ _2\"></span> </span>s<span class=\"lse2 wsf1\">tatements</span> </span><span class=\"wsfa\">are consist<span class=\"_ _0\"></span>ent with<span class=\"_ _0\"></span> those </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y77a ff50 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applied for the<span class=\"_ _2\"></span> year ended <span class=\"wsf1\">on<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">31</span> <span class=\"lse0 wsef\">December</span> </span>20<span class=\"ls0 ws0\">21</span></span>, except for t<span class=\"_ _2\"></span>he changes listed in <span class=\"lsfc ws115\">se<span class=\"_ _2\"></span>ction<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">2.2 below.</span> </span></span></div>\n<div class=\"t m0 x26 h4f y77b ff50 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div style=\"z-index: 15;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x26 h4f y77c ff50 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The<span class=\"lsfb wsfa\">se<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span>c</span></span>onsolidated <span class=\"ls0 ws0\">f<span class=\"_ _2\"></span></span>inancial <span class=\"ls0 ws0\">s</span><span class=\"wsfa\">ta<span class=\"_ _2\"></span>tements are prepared<span class=\"_ _2\"></span> on a going conce<span class=\"_ _2\"></span>rn basis and are<span class=\"_ _2\"></span> presented </span></div>\n<div class=\"t m0 x26 h4f y77d ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in round<span class=\"_ _0\"></span>ed million<span class=\"_ _0\"></span>s of euros, t<span class=\"_ _0\"></span>he functi<span class=\"_ _0\"></span>onal curr<span class=\"_ _2b\"></span>ency of the parent co<span class=\"_ _0\"></span>mpany of Ag<span class=\"_ _0\"></span>eas, unles<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x26 h4f y77e ff50 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">indicated o<span class=\"_ _2\"></span>therwise.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 633px; height: 47px; width: 482px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 633px; height: 52px; width: 482px; z-index: 4;\"><br/></div>\n\n<div id=\"fs_QXM8Y56F1S00000000000000000000\"><br/></div>\n<div style=\"z-index: 15;\"><br/></div>\n<div id=\"fs_TIZT0U0E2O00000000000000000000\"><br/></div>\n<div class=\"t m0 x26 h4f y77f ff50 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y780 ff50 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Assets a<span class=\"_ _2b\"></span>nd liabilitie<span class=\"_ _0\"></span>s record<span class=\"_ _2b\"></span>ed in the <span class=\"wsef\">conso<span class=\"_ _0\"></span>lidated <span class=\"wsfa\">st<span class=\"_ _0\"></span>atement<span class=\"_ _2b\"></span> of financial <span class=\"_ _0\"></span>positio<span class=\"_ _2b\"></span>n of Ageas usua<span class=\"_ _0\"></span>lly </span></span></div>\n<div class=\"t m0 x26 h4f y781 ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have a durat<span class=\"_ _2b\"></span>ion of more than 12 mont<span class=\"_ _0\"></span>hs, exce<span class=\"_ _0\"></span>pt for cash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _2b\"></span>alents, reinsur<span class=\"_ _0\"></span>ance and</div>\n<div class=\"t m0 x26 h4f y782 ff50 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other receivable<span class=\"_ _2\"></span>s, accrued interest and ot<span class=\"_ _2\"></span>her assets, Non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">li<span class=\"_ _2\"></span>fe insurance <span class=\"wsf1\">contract<span class=\"_ _2\"></span> <span class=\"ls102 ws11d\">liabilities,<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span></span><span class=\"lsfb\">some </span></span></div>\n<div class=\"t m0 x26 h4f y783 ff50 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowings l<span class=\"_ _2\"></span>ike repurchase ag<span class=\"_ _2\"></span>reements,<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">accrued i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> and other lia<span class=\"_ _2b\"></span>bilities and curre<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>tax<span class=\"_ _0\"></span> assets </span></span></div>\n<div class=\"t m0 x26 h4f y784 ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and liabi<span class=\"_ _0\"></span>lities.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 539px; height: 151px; width: 482px; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x26 h4f y786 ff50 fs3a fc14 sc0 lsfa ws11e\" style=\"z-index: 15;\">The mo<span class=\"lse2 ws103\">s<span class=\"_ _2\"></span>t significant IFRS standards appl<span class=\"_ _2\"></span>ied for the measurement of<span class=\"_ _2\"></span> the assets and liabilitie<span class=\"_ _2\"></span>s are:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y787 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lsfd ws116\">IAS<span class=\"_ _2\"></span></span><span class=\"ff50\"> <span class=\"lse0 wsfa\">1 for pr<span class=\"_ _2b\"></span>esentation of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial stat<span class=\"_ _2b\"></span>ements;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y788 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IAS 16 for property<span class=\"_ _0\"></span>, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"_ _2b\"></span>;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y789 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IAS 19 for empl<span class=\"_ _0\"></span>oyee be<span class=\"_ _0\"></span>nefits;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y78a ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IAS 23 for borrowing c<span class=\"_ _0\"></span>osts (lo<span class=\"_ _0\"></span>ans);<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y78b ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lsfd ws116\">IAS<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">28 for i<span class=\"_ _2b\"></span>nvestments i<span class=\"_ _0\"></span>n associat<span class=\"_ _2b\"></span>es and joint v<span class=\"_ _0\"></span>entures;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y78c ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IAS 32 for fin<span class=\"_ _0\"></span>ancial in<span class=\"_ _0\"></span>strume<span class=\"_ _0\"></span>nts <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsef\">presentat<span class=\"_ _0\"></span>ion; <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y78d ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IAS 36 for impa<span class=\"_ _0\"></span>irment<span class=\"_ _0\"></span> of assets<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y78e ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IAS 38 for int<span class=\"_ _0\"></span>angible a<span class=\"_ _2b\"></span>ssets;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y78f ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IAS 39 for fin<span class=\"_ _0\"></span>ancial in<span class=\"_ _0\"></span>strume<span class=\"_ _0\"></span>nts <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsf0\">recognit<span class=\"_ _0\"></span>ion and meas<span class=\"_ _0\"></span>urement<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y790 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IAS 40 for inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span> prop<span class=\"lse2 wsf1\">erty;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y791 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IFRS 3 for busines<span class=\"_ _0\"></span>s combina<span class=\"_ _0\"></span>tions;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y792 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IFRS 4 for insuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _2b\"></span>s;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y793 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IFRS 7 for disclosu<span class=\"_ _2b\"></span>res of financial ins<span class=\"_ _0\"></span>trument<span class=\"_ _2b\"></span>s;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y794 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IFRS 8 for operati<span class=\"_ _0\"></span>ng segment<span class=\"_ _2b\"></span>s;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y795 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IFRS 10 for con<span class=\"_ _0\"></span>solidat<span class=\"_ _0\"></span>ed fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _2b\"></span>atements;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y796 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IFRS 12 for disclos<span class=\"_ _2b\"></span>ure of interests in ot<span class=\"_ _0\"></span>her entit<span class=\"_ _0\"></span>ies;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y797 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lsf4 ws10c\">IF<span class=\"lse0 wsfa\">RS 13 for fair v<span class=\"_ _2b\"></span>alue measurem<span class=\"_ _0\"></span>ent;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y798 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IFRS 15 for rev<span class=\"_ _0\"></span>enue fr<span class=\"_ _2b\"></span>om contracts w<span class=\"_ _0\"></span>ith cust<span class=\"_ _2b\"></span>omers; and<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y799 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IFRS 16 for le<span class=\"_ _0\"></span>ases.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 207px; height: 754px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 207px; height: 754px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff5a fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h6a y79d ff5a fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Chang<span class=\"_ _2\"></span>es in <span class=\"_ _2\"></span>accounti<span class=\"_ _2\"></span>ng polici<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y79e ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas applied<span class=\"_ _2\"></span>\u00a0as from 1 Ja<span class=\"_ _2\"></span>nuary 2022 the re<span class=\"_ _2\"></span>quirements in IAS<span class=\"_ _2\"></span>\u00a029</div>\n<div class=\"t m0 x7 h4f y79f ff58 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">\u2018Fina<span class=\"lse2 ws103\">ncial<span class=\"_ _2\"></span>\u00a0reporting in hyperinflat<span class=\"_ _2\"></span>ionary economies\u2019 to the fina<span class=\"_ _2\"></span>ncial </span></div>\n<div class=\"t m0 x7 h4f y7a0 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nts of its Turkish ass<span class=\"_ _0\"></span>ociates<span class=\"_ _0\"></span>\u00a0\u2018Aksigo<span class=\"_ _0\"></span>rta\u2019 and \u2018A<span class=\"_ _0\"></span>geSA\u2019. Fu<span class=\"_ _2b\"></span>rther</div>\n<div class=\"t m0 x7 h4f y7a1 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">informat<span class=\"_ _2b\"></span>ion in this respec<span class=\"_ _0\"></span>t is includ<span class=\"_ _0\"></span>ed in sectio<span class=\"_ _0\"></span>n 2.7 below<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7a2 ff58 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.2.1<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1ef\">\u00a0</span><span class=\"lse2 wsf1\">Curr<span class=\"_ _2\"></span>ent</span>-<span class=\"lse2 ws103\">year changes in<span class=\"_ _2\"></span>\u00a0IFRS standards</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7a3 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">New or <span class=\"wsfa\">revised <span class=\"_ _2\"></span>IFRS standards, i<span class=\"_ _2\"></span>nterpretations, and<span class=\"_ _2\"></span>\u00a0amendments to </span></div>\n<div class=\"t m0 x7 h4f y7a4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS st<span class=\"_ _0\"></span>andards<span class=\"_ _0\"></span>\u00a0and int<span class=\"_ _0\"></span>erpretat<span class=\"_ _2b\"></span>ions, that bec<span class=\"_ _2b\"></span>ame effecti<span class=\"_ _0\"></span>ve for an<span class=\"_ _0\"></span>nual</div>\n<div class=\"t m0 x7 h4f y7a5 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting period<span class=\"_ _2\"></span>s starting on 1 January 2022<span class=\"_ _2\"></span>, and that have been</div>\n<div class=\"t m0 x7 h4f y7a6 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">endorsed by the<span class=\"_ _2\"></span>\u00a0EU, did not have a significant impac<span class=\"_ _2\"></span>t to the ac<span class=\"wsf1\">counting </span></div>\n<div class=\"t m0 x7 h4f y7a7 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span>\u00a0applied by<span class=\"_ _0\"></span>\u00a0Ageas and<span class=\"_ _0\"></span>\u00a0to its consol<span class=\"_ _0\"></span>idated st<span class=\"_ _2b\"></span>atement of financ<span class=\"_ _0\"></span>ial</div>\n<div class=\"t m0 x7 h4f y7a8 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n and its inc<span class=\"_ _0\"></span>ome statem<span class=\"_ _2b\"></span>ent during 2022.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7a9 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7aa ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As a direct c<span class=\"_ _0\"></span>onseque<span class=\"_ _0\"></span>nce of the Cov<span class=\"_ _0\"></span>id pandem<span class=\"_ _2b\"></span>ic, the IASB issued in M<span class=\"_ _0\"></span>ay</div>\n<div class=\"t m0 x7 h4f y7ab ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2020 ame<span class=\"_ _0\"></span>ndments t<span class=\"_ _0\"></span>o IFRS 16 \u2018Cov<span class=\"_ _2b\"></span>id<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">19 related rent<span class=\"_ _0\"></span>\u00a0conces<span class=\"_ _0\"></span><span class=\"lse2\">sions\u2019. The </span></span></div>\n<div class=\"t m0 x7 h4f y7ac ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents prov<span class=\"_ _2b\"></span>ide a practic<span class=\"_ _0\"></span>al expe<span class=\"_ _0\"></span>dient not<span class=\"_ _0\"></span>\u00a0to ass<span class=\"_ _0\"></span>ess whet<span class=\"_ _0\"></span>her Covi<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y7ad ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">19 relate<span class=\"_ _0\"></span>d rent con<span class=\"_ _0\"></span>cession<span class=\"_ _0\"></span>s, that red<span class=\"_ _0\"></span>uce lease pa<span class=\"_ _0\"></span>yments<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>due on or</div>\n<div class=\"t m0 x7 h4f y7ae ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">before 3<span class=\"_ _0\"></span>0 June 2<span class=\"_ _0\"></span>021, ar<span class=\"_ _0\"></span>e a lease <span class=\"_ _0\"></span>modifi<span class=\"_ _0\"></span>cation.<span class=\"_ _0\"></span>\u00a0In Marc<span class=\"_ _2b\"></span>h 2021, the IA<span class=\"_ _0\"></span>SB</div>\n<div class=\"t m0 x7 h4f y7af ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">prolon<span class=\"_ _0\"></span>ged the prac<span class=\"_ _0\"></span>tical expe<span class=\"_ _2b\"></span>dient incl<span class=\"wsfa\">uded i<span class=\"_ _0\"></span>n thes<span class=\"_ _0\"></span>e amendm<span class=\"_ _2b\"></span>ents to </span></div>\n<div class=\"t m0 x7 h4f y7b0 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease paym<span class=\"_ _2b\"></span>ents due on or before 3<span class=\"_ _0\"></span>0 June 2022. B<span class=\"_ _0\"></span>ecause Ag<span class=\"_ _2b\"></span>eas did not</div>\n<div class=\"t m0 x7 h4f y7b1 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefit from Co<span class=\"_ _2\"></span>vid<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">19 relat<span class=\"_ _2b\"></span>ed rent conc<span class=\"_ _0\"></span>essions<span class=\"_ _0\"></span>, that wo<span class=\"_ _2b\"></span>uld result in <span class=\"_ _0\"></span>a </span></span></div>\n<div class=\"t m0 x7 h4f y7b2 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease modifi<span class=\"_ _2\"></span>cation, the amendments had no impa<span class=\"_ _2\"></span>ct on the present</div>\n<div class=\"t m0 x7 h4f y7b3 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated st<span class=\"_ _0\"></span>atement of<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">financial position and in<span class=\"_ _2\"></span>come statement of </span></span></div>\n<div class=\"t m0 x7 h4f y7b4 ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7b5 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7b6 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">To meet reg<span class=\"_ _0\"></span>ulatory<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>and mark<span class=\"_ _2b\"></span>et requirement<span class=\"_ _0\"></span>s, the inter<span class=\"_ _2b\"></span>est rate</div>\n<div class=\"t m0 x7 h4f y7b7 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">benchma<span class=\"_ _0\"></span>rks that a<span class=\"_ _0\"></span>re used as ref<span class=\"_ _0\"></span>erence rat<span class=\"_ _2b\"></span>es in the financial ma<span class=\"_ _2b\"></span>rket to</div>\n<div class=\"t m0 x7 h4f y7b8 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ne interest rates an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>pay<span class=\"_ _0\"></span>ment oblig<span class=\"_ _0\"></span>ations, a<span class=\"_ _2b\"></span>re undergoing in<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y7b9 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">depth ref<span class=\"_ _0\"></span>orms and tra<span class=\"_ _2b\"></span>nsitions. As a resul<span class=\"_ _0\"></span>t of this ref<span class=\"_ _0\"></span>o<span class=\"ls104 ws116\">rm, some </span></div>\n<div class=\"t m0 x7 h4f y7ba ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">benchma<span class=\"_ _0\"></span>rks such as<span class=\"_ _0\"></span>\u00a0Eonia and Li<span class=\"_ _2b\"></span>bor are to be disconti<span class=\"_ _0\"></span>nued and</div>\n<div class=\"t m0 x7 h4f y7bb ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">replaced b<span class=\"_ _2\"></span>y new interest ra<span class=\"_ _2\"></span>te benchmarks.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7bc ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7bd ff58 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">These<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0c<span class=\"lse2 wsf1\">onsolidated <span class=\"_ _2\"></span></span>f<span class=\"lse2 wsf1\">inancial </span>s<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">tate<span class=\"_ _0\"></span>ments on 3<span class=\"_ _0\"></span>1 December 2<span class=\"_ _0\"></span>022 inclu<span class=\"_ _0\"></span>de </span></span></div>\n<div class=\"t m0 x7 h4f y7be ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a notion<span class=\"_ _0\"></span>al amou<span class=\"_ _0\"></span>nt of he<span class=\"_ _0\"></span>dging re<span class=\"_ _0\"></span>lations<span class=\"_ _0\"></span>hips link<span class=\"_ _2b\"></span>ed to the EURI<span class=\"_ _0\"></span>BOR for</div>\n<div class=\"t m0 x7 h4f y7bf ff58 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR <span class=\"ls0 ws0\">6<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">32 <span class=\"lse0 wsf0\">million a<span class=\"_ _0\"></span>nd a princip<span class=\"_ _2b\"></span>al amount of subord<span class=\"_ _2b\"></span>inated liabiliti<span class=\"_ _2b\"></span>es with a </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c0 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">floatin<span class=\"_ _0\"></span>g coupo<span class=\"_ _0\"></span>n rate li<span class=\"_ _0\"></span>nked to t<span class=\"_ _0\"></span>he EURI<span class=\"_ _0\"></span>BOR for <span class=\"_ _0\"></span>EUR <span class=\"lse2 wsf1\">210<span class=\"ls0 ws0\">\u00a0<span class=\"ls102 ws11d\">million.</span>\u00a0<span class=\"_ _2\"></span><span class=\"ls105 ws120\">The </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c1 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EURIB<span class=\"_ _0\"></span>OR has been suc<span class=\"_ _0\"></span>cessfu<span class=\"_ _0\"></span>lly refo<span class=\"_ _0\"></span>rmed to a hyb<span class=\"_ _0\"></span>rid method<span class=\"_ _0\"></span>ology in</div>\n<div class=\"t m0 x7 h4f y7c2 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2019 and is ex<span class=\"_ _2b\"></span>pected to remain in<span class=\"_ _0\"></span>\u00a0place for th<span class=\"_ _0\"></span>e fores<span class=\"wsfa\">e<span class=\"_ _0\"></span>eable f<span class=\"_ _0\"></span>uture. </span></div>\n<div class=\"t m0 x7 h4f y7c3 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Therefo<span class=\"_ _2b\"></span>re, the two ame<span class=\"_ _0\"></span>ndments<span class=\"_ _0\"></span>\u00a0to IFRS <span class=\"_ _0\"></span>9, IAS <span class=\"_ _0\"></span>39, IFRS <span class=\"_ _0\"></span>7, IFRS 4 <span class=\"_ _2b\"></span>and</div>\n<div class=\"t m0 x7 h4f y7c4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 16 <span class=\"_ _0\"></span>\u2018Interes<span class=\"_ _0\"></span>t Rate B<span class=\"_ _0\"></span>enchma<span class=\"_ _0\"></span>rk Refor<span class=\"_ _0\"></span>m\u2019 issu<span class=\"_ _0\"></span>ed by the <span class=\"_ _2b\"></span>IASB in</div>\n<div class=\"t m0 x7 h4f y7c5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Septemb<span class=\"_ _2b\"></span>er 2019 and in August 2<span class=\"_ _0\"></span>020 had no impac<span class=\"_ _0\"></span>t on the pres<span class=\"_ _2b\"></span>ent</div>\n<div class=\"t m0 x7 h4f y7c6 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidated s<span class=\"_ _2\"></span>tatement of financial po<span class=\"_ _2\"></span>sition an<span class=\"lse0 wsfa\">d inco<span class=\"_ _0\"></span>me statem<span class=\"_ _2b\"></span>ent of </span></div>\n<div class=\"t m0 x7 h4f y7c7 ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7c8 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7c9 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas continue<span class=\"_ _2\"></span>s to monitor the developments<span class=\"_ _2\"></span>\u00a0regarding the interest ra<span class=\"_ _2\"></span>te</div>\n<div class=\"t m0 x7 h4f y7ca ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">benchmark re<span class=\"_ _2\"></span>form<span class=\"lsfc ws121\">. B<span class=\"lse0 wsf0\">ecause th<span class=\"_ _2b\"></span>e EURIBOR may be disc<span class=\"_ _2b\"></span>ontinued one </span></span></div>\n<div class=\"t m0 x7 h4f y7cb ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">day, claus<span class=\"_ _2b\"></span>es are introduce<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>in new<span class=\"_ _0\"></span>\u00a0contract<span class=\"_ _0\"></span>s to ensure t<span class=\"_ _0\"></span>he continu<span class=\"_ _2b\"></span>ity of</div>\n<div class=\"t m0 x7 h4f y7cc ff58 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">those contracts in <span class=\"lse2 ws103\">case of dis<span class=\"_ _2\"></span>continuation of the EURIBOR.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y7cd ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7ce ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on to the ame<span class=\"_ _0\"></span>ndments<span class=\"_ _0\"></span>\u00a0above, fol<span class=\"_ _0\"></span>lowing n<span class=\"_ _0\"></span>ew or revise<span class=\"_ _0\"></span>d IFRS</div>\n<div class=\"t m0 x1a h4f y7cf ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">standards, <span class=\"_ _2\"></span>interpretations, and<span class=\"_ _2\"></span>\u00a0amendments became ef<span class=\"_ _2\"></span>fective for annual<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y7d0 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>ods start<span class=\"_ _2b\"></span>ing on 1 Janua<span class=\"_ _0\"></span>ry 2022 <span class=\"_ _0\"></span>or later.<span class=\"_ _0\"></span>\u00a0None of<span class=\"_ _0\"></span>\u00a0those</div>\n<div class=\"t m0 x1a h4f y7d1 ff58 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>en<span class=\"wsf0\">ts had a<span class=\"_ _0\"></span>\u00a0significa<span class=\"_ _0\"></span>nt impact on t<span class=\"_ _0\"></span>he prese<span class=\"_ _0\"></span>nt consol<span class=\"_ _0\"></span>idated </span></div>\n<div class=\"t m0 x1a h4f y7d2 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition and i<span class=\"_ _0\"></span>ncome stat<span class=\"_ _2b\"></span>ement of Ageas:<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d3 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 16 \u2018Prop<span class=\"_ _0\"></span>erty, pla<span class=\"_ _2b\"></span>nt and equipment <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsf1\">proceeds </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y7d4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">before i<span class=\"_ _0\"></span>ntende<span class=\"_ _2b\"></span>d use\u2019;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d5 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 37 <span class=\"_ _0\"></span>\u2018Onerou<span class=\"_ _2b\"></span>s contracts <span class=\"ls0 ws0\">\u2013 <span class=\"lsf4 ws114\">cost of fu<span class=\"ls106 ws10c\">lfilling a </span></span></span></span></span></div>\n<div class=\"t m0 x6c h4f y7d6 ff58 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">contract\u2019;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d7 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IFRS 3 <span class=\"_ _0\"></span>\u2018Refere<span class=\"_ _0\"></span>nces to t<span class=\"_ _2b\"></span>he Conceptual F<span class=\"_ _2b\"></span>ramework\u2019; </span></span></div>\n<div class=\"t m0 x6c h4f y7d8 ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d9 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse2 ws103\">An<span class=\"_ _2\"></span>nual improvements to IFRS sta<span class=\"_ _2\"></span>ndards (2018</span><span class=\"ff58\">-<span class=\"lse2 ws103\">2020 cycl<span class=\"_ _2\"></span>e): </span></span></span></div>\n<div class=\"t m0 x6c h4f y7da ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to IFRS 1 \u2018<span class=\"_ _0\"></span>First<span class=\"ls0 ws0\">-</span>time ad<span class=\"_ _2b\"></span>option of IFRS stand<span class=\"_ _0\"></span>ards\u2019<span class=\"lsf4 ws10c\">, </span></div>\n<div class=\"t m0 x6c h4f y7db ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to IFRS 9 \u2018<span class=\"_ _0\"></span>Financ<span class=\"_ _0\"></span>ial instru<span class=\"_ _0\"></span>ments\u2019, a<span class=\"_ _2b\"></span>m<span class=\"lse2 ws103\">end<span class=\"_ _2\"></span>ments to </span></div>\n<div class=\"t m0 x6c h4f y7dc ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">illustrativ<span class=\"_ _2\"></span>e examples accompanying IFRS 16 \u2018Lea<span class=\"_ _2\"></span>ses\u2019 and</div>\n<div class=\"t m0 x6c h4f y7dd ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to IAS 41 \u2018<span class=\"_ _0\"></span>Agricult<span class=\"_ _2b\"></span>ure\u2019.<span class=\"ls0 ws0\">\u00a0</span></div>\n\n<div class=\"t m0 x1a h4f y7de ff58 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.2.2<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1ef\">\u00a0</span><span class=\"lse2 ws103\">Up<span class=\"_ _2\"></span>coming changes in IFRS <span class=\"wsf1\">Standards</span></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7df ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The follo<span class=\"_ _0\"></span>wing new or r<span class=\"_ _0\"></span>evised IFR<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>stan<span class=\"_ _2b\"></span>dards, interpret<span class=\"_ _2b\"></span>ations, and</div>\n<div class=\"t m0 x1a h4f y7e0 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">amendments <span class=\"_ _2\"></span>to IFRS standards an<span class=\"_ _2\"></span>d <span class=\"lse0 wsf0\">inter<span class=\"_ _0\"></span>pretat<span class=\"_ _0\"></span>ions will be<span class=\"_ _0\"></span>come </span></div>\n<div class=\"t m0 x1a h4f y7e1 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve for an<span class=\"_ _2b\"></span>nual reportin<span class=\"_ _2b\"></span>g periods start<span class=\"_ _0\"></span>ing on 1 J<span class=\"_ _2b\"></span>anuary 2023 or <span class=\"_ _0\"></span>later.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7e2 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7e3 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas h<span class=\"_ _0\"></span>as not ea<span class=\"_ _2b\"></span>rly adopted any I<span class=\"_ _2b\"></span>FRS standard,<span class=\"_ _2b\"></span>\u00a0interpretati<span class=\"_ _2b\"></span>on or</div>\n<div class=\"t m0 x1a h4f y7e4 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ent that has<span class=\"_ _0\"></span>\u00a0been issue<span class=\"_ _0\"></span>d by the IASB b<span class=\"_ _0\"></span>ut that is not<span class=\"_ _0\"></span>\u00a0yet</div>\n<div class=\"t m0 x1a h4f y7e5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve or has not<span class=\"_ _0\"></span>\u00a0ye<span class=\"lse2 wsfa\">t been endor<span class=\"_ _2\"></span>sed by the EU.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y7e6 ff58 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">A.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse2 wsfa\">Extension<span class=\"_ _2\"></span>\u00a0of the temporar<span class=\"_ _2\"></span>y exemption from a<span class=\"_ _2\"></span>pplying IFRS 9</span>\u00a0\u2013<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x1e6 h4f y7e7 ff58 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Amendments to IFR<span class=\"_ _2\"></span>S 4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7e8 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The IASB iss<span class=\"_ _2b\"></span>ued IFRS 9 \u2018Financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments\u2019 i<span class=\"_ _0\"></span>n July 2014 an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e EU</div>\n<div class=\"t m0 x1a h4f y7e9 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">endors<span class=\"_ _0\"></span>ed IFRS <span class=\"_ _0\"></span>9 in Novem<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>16. Alth<span class=\"_ _2b\"></span>ough IFRS 9 app<span class=\"_ _0\"></span>lies for <span class=\"_ _2b\"></span>annual</div>\n<div class=\"t m0 x1a h4f y7ea ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">repor<span class=\"ws103\">ting period<span class=\"_ _2\"></span>s <span class=\"lse0 wsef\">start<span class=\"_ _2b\"></span>ing<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">on or after 1 January 2<span class=\"_ _2b\"></span>018, Ageas conti<span class=\"_ _0\"></span>nue<span class=\"ls0 ws0\">s </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y7eb ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to apply IA<span class=\"_ _0\"></span>S 39 \u2018Financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsfa\">recognition<span class=\"_ _2\"></span>\u00a0and measurement\u2019<span class=\"lsf4 ws10c\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y7ec ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas will appl<span class=\"_ _2\"></span>y IFRS 9 for the first time as<span class=\"_ _2\"></span>\u00a0from 1 January 2023<span class=\"lse0 wsfa\">. The </span></div>\n<div class=\"t m0 x1a h4f y7ed ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reasons behind<span class=\"_ _2\"></span>\u00a0this derogation are explained<span class=\"_ _2\"></span>\u00a0bel<span class=\"lse0 wsef\">ow<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f y7ee ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7ef ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas co<span class=\"_ _2b\"></span>ntinues to app<span class=\"_ _2b\"></span>ly IAS 39 beca<span class=\"_ _0\"></span>use it is <span class=\"_ _0\"></span>permitt<span class=\"_ _0\"></span>ed to do s<span class=\"_ _2b\"></span>o by</div>\n<div class=\"t m0 x1a h4f y7f0 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to I<span class=\"_ _0\"></span>FRS 4. T<span class=\"_ _0\"></span>he IAS<span class=\"_ _0\"></span>B initiall<span class=\"_ _2b\"></span>y issued amend<span class=\"_ _0\"></span>ments i<span class=\"_ _0\"></span>n this</div>\n<div class=\"t m0 x1a h4f y7f1 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect i<span class=\"_ _0\"></span>n Septembe<span class=\"_ _2b\"></span>r 2016 (which have be<span class=\"_ _0\"></span>en endors<span class=\"_ _0\"></span>ed by the EU in</div>\n<div class=\"t m0 x1a h4f y7f2 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">November 2017<span class=\"_ _2\"></span>) and re<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">confirmed <span class=\"wsf0\">in Ju<span class=\"_ _0\"></span>ne 2020 <span class=\"lsfc ws121\">that i<span class=\"lse2 ws103\">nsu<span class=\"_ _2\"></span>rers can apply </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y7f3 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">both IFRS 9 \u2018F<span class=\"_ _0\"></span>inancia<span class=\"_ _0\"></span>l instru<span class=\"_ _0\"></span>ments\u2019 a<span class=\"_ _0\"></span>nd IFRS 17 \u2018Ins<span class=\"_ _2b\"></span>urance contracts<span class=\"_ _2b\"></span>\u2019</div>\n<div class=\"t m0 x1a h4f y7f4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">togeth<span class=\"_ _0\"></span>er for the f<span class=\"_ _2b\"></span>irst time by i<span class=\"_ _0\"></span>ssuing a<span class=\"_ _2b\"></span>mendments to IF<span class=\"_ _2b\"></span>RS 4 \u2018Extens<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y7f5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the tempo<span class=\"_ _2b\"></span>rary exemption fr<span class=\"_ _0\"></span>om applyi<span class=\"_ _0\"></span>ng IFRS 9\u2019. Th<span class=\"_ _2b\"></span>e EU endorsed</div>\n<div class=\"t m0 x1a h4f y7f6 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">these amend<span class=\"_ _2\"></span>ments in December 20<span class=\"_ _2\"></span><span class=\"wsf1\">20.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y7f7 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7f8 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The ame<span class=\"_ _0\"></span>ndments<span class=\"_ _0\"></span>\u00a0to IFR<span class=\"_ _0\"></span>S 4 fores<span class=\"_ _0\"></span>ee in tw<span class=\"_ _0\"></span>o optio<span class=\"_ _2b\"></span>ns to minimise t<span class=\"_ _2b\"></span>he effect</div>\n<div class=\"t m0 x1a h4f y7f9 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the d<span class=\"_ _0\"></span>ifferent<span class=\"_ _0\"></span>\u00a0effect<span class=\"_ _0\"></span>ive dat<span class=\"_ _0\"></span>es of IFR<span class=\"_ _2b\"></span>S 9 (2018) and I<span class=\"_ _0\"></span>FRS 17 (<span class=\"_ _0\"></span>2023).</div>\n<div class=\"t m0 x1a h4f y7fa ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These opt<span class=\"_ _2b\"></span>ions are the \u2018<span class=\"_ _0\"></span>overlay<span class=\"_ _0\"></span>\u00a0approa<span class=\"_ _0\"></span>ch\u2019 and t<span class=\"_ _0\"></span>he \u2018tem<span class=\"_ _0\"></span>porary e<span class=\"_ _0\"></span>xempti<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x1a h4f y7fb ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from apply<span class=\"_ _2\"></span>ing IFRS 9\u2019.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 503px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 503px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 283px; height: 823px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 283px; height: 823px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 283px; height: 823px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 283px; height: 823px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The temp<span class=\"_ _0\"></span>orary exe<span class=\"_ _0\"></span>mption fr<span class=\"_ _0\"></span>om applyi<span class=\"_ _2b\"></span>ng IFRS 9 is an optional<span class=\"_ _0\"></span>\u00a0tempora<span class=\"_ _0\"></span>ry</div>\n<div class=\"t m0 x7 h4f y803 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exempt<span class=\"_ _0\"></span>ion from apply<span class=\"_ _2b\"></span>ing IFRS 9 no later th<span class=\"_ _0\"></span>an report<span class=\"_ _0\"></span>ing period<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>arting</div>\n<div class=\"t m0 x7 h4f y804 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on or after 1 Ja<span class=\"_ _0\"></span>nuary 202<span class=\"_ _0\"></span>3, for entit<span class=\"_ _0\"></span>ies whos<span class=\"_ _0\"></span>e activit<span class=\"_ _0\"></span>ies are</div>\n<div class=\"t m0 x7 h4f y805 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">predom<span class=\"_ _0\"></span>inantly c<span class=\"_ _0\"></span>onnected w<span class=\"_ _0\"></span>ith issui<span class=\"_ _0\"></span>ng contr<span class=\"_ _0\"></span>acts that a<span class=\"_ _0\"></span>re in the scop<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x7 h4f y806 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 4 \u2018Ins<span class=\"_ _0\"></span>urance co<span class=\"_ _2b\"></span>ntracts\u2019. Ageas p<span class=\"_ _0\"></span>erforme<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>suc<span class=\"_ _0\"></span>h a predomi<span class=\"_ _0\"></span>nance</div>\n<div class=\"t m0 x7 h4f y807 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">analysi<span class=\"_ _0\"></span>s at the refere<span class=\"_ _2b\"></span>nce date of 31 Decemb<span class=\"_ _2b\"></span>er 2015 and conclud<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y808 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">it was el<span class=\"_ _0\"></span>igible t<span class=\"_ _2b\"></span>o apply the tem<span class=\"_ _0\"></span>porary ex<span class=\"_ _2b\"></span>emption<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">from apply<span class=\"_ _0\"></span>ing IFRS 9. </span></div>\n<div class=\"t m0 x7 h4f y809 ff5f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80a ff61 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff62\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff5f lse0 wsf0\">The carrying amou<span class=\"_ _2b\"></span>nt of <span class=\"lse2 wsf1\">Agea<span class=\"_ _2\"></span>s's <span class=\"ws103\">liabilities ar<span class=\"_ _2\"></span>ising from contracts </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y80b ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">within t<span class=\"_ _0\"></span>he scop<span class=\"_ _0\"></span>e of IFR<span class=\"_ _0\"></span>S 4 was s<span class=\"_ _0\"></span>ignifica<span class=\"_ _2b\"></span>nt compared t<span class=\"_ _0\"></span>o the tot<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x43 h4f y80c ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nt of all the liabilit<span class=\"_ _0\"></span>ies of Ageas<span class=\"_ _0\"></span><span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80d ff61 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff62\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff5f lse0 wsf0\">The percentage of<span class=\"_ _0\"></span>\u00a0the total c<span class=\"_ _0\"></span>arrying a<span class=\"_ _0\"></span>mount of <span class=\"lse2 wsf1\">Ageas's <span class=\"ls106 ws124\">liabilitie<span class=\"_ _0\"></span>s </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y80e ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">connect<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>h insura<span class=\"_ _0\"></span>nce rela<span class=\"_ _0\"></span>tive to t<span class=\"_ _2b\"></span>he total carry<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt of all<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x43 h4f y80f ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the liabil<span class=\"_ _2b\"></span>ities of Ageas was g<span class=\"_ _0\"></span>reater than 9<span class=\"_ _2b\"></span>0 per cent.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y810 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y811 ff5f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">No reassessm<span class=\"_ _2\"></span>ent of this predo<span class=\"_ _2\"></span>minance analysis h<span class=\"_ _2\"></span>as been performe<span class=\"lse0 wsf0\">d at </span></div>\n<div class=\"t m0 x1a h4f y812 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a subseq<span class=\"_ _2b\"></span>uent date, bec<span class=\"_ _0\"></span>ause th<span class=\"_ _2b\"></span>ere were no subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>al changes<span class=\"_ _0\"></span>\u00a0in the</div>\n<div class=\"t m0 x1a h4f y813 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span>\u00a0of Ageas tha<span class=\"_ _0\"></span>t would re<span class=\"_ _0\"></span>quire suc<span class=\"_ _0\"></span>h a reassess<span class=\"_ _2b\"></span>ment.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y814 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y815 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Because <span class=\"_ _0\"></span>Ageas is<span class=\"_ _0\"></span>\u00a0eligibl<span class=\"_ _2b\"></span>e to apply the t<span class=\"_ _2b\"></span>emporary exem<span class=\"_ _2b\"></span>ption from</div>\n<div class=\"t m0 x1a h4f y816 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g IFRS 9,<span class=\"_ _2b\"></span>\u00a0Ageas decide<span class=\"_ _0\"></span>d to do so <span class=\"_ _0\"></span>and deci<span class=\"_ _0\"></span>ded to al<span class=\"_ _0\"></span>ign<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">the </span></span></div>\n<div class=\"t m0 x1a h4f y817 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve dates<span class=\"_ _0\"></span>\u00a0of IFR<span class=\"_ _2b\"></span>S 9 and IFRS 17. T<span class=\"_ _2b\"></span>o make the <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsol<span class=\"_ _0\"></span>idate </span></div>\n<div class=\"t m0 x1a h4f y818 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">f<span class=\"lse2 wsf1\">inancial<span class=\"_ _2\"></span>\u00a0</span>s<span class=\"lse0 wsfa\">tateme<span class=\"_ _0\"></span>nts of A<span class=\"_ _0\"></span>geas mor<span class=\"_ _0\"></span>e compar<span class=\"_ _0\"></span>able to t<span class=\"_ _2b\"></span>hose of comp<span class=\"_ _0\"></span>anies </span></div>\n<div class=\"t m0 x1a h4f y819 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that alr<span class=\"_ _0\"></span>eady ap<span class=\"_ _0\"></span>ply IFR<span class=\"_ _0\"></span>S 9, Age<span class=\"_ _0\"></span>as discl<span class=\"_ _0\"></span>oses the f<span class=\"_ _2b\"></span>ollowing info<span class=\"_ _2b\"></span>rmation on</div>\n<div class=\"t m0 x1a h4f y81a ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue and c<span class=\"_ _0\"></span>redit ris<span class=\"_ _2b\"></span>k exposure of i<span class=\"_ _0\"></span>ts cons<span class=\"_ _0\"></span>o<span class=\"wsf0\">lidate<span class=\"_ _2b\"></span>d entities.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y81b ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81c ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81d ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81e ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y81f ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xa3 h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 311px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xbf h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 398px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xbf h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 559px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x144 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 333px; bottom: 830px; z-index: 15;\">Fair Value at 31 De<span class=\"_ _0\"></span>cember 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x144 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 494px; bottom: 830px; z-index: 15;\">Fair Value at 31 De<span class=\"_ _0\"></span>cember 2021<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5ff ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 683px; bottom: 844px; z-index: 15;\">Amount of change<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 681px; bottom: 830px; z-index: 15;\">in fair value in 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 830px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xa3 h52 y603 ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 311px; bottom: 814px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 799px; z-index: 15;\">Fair value of financial <span class=\"_ _0\"></span>assets (in Euro million)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 360px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 355px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 426px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 436px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 521px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 516px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 586px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 596px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 681px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 676px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 747px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 757px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 635px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 769px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 371px; bottom: 769px; z-index: 15;\">1,125<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x24 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 769px; z-index: 15;\">27<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 532px; bottom: 769px; z-index: 15;\">1,900<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 624px; bottom: 769px; z-index: 15;\">38<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 769px; z-index: 15;\">(775)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 769px; z-index: 15;\">(11)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 754px; z-index: 15;\">Debt securities, incl. structured <span class=\"_ _2b\"></span>notes<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 754px; z-index: 15;\">42,685<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x24 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 754px; z-index: 15;\">21<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 528px; bottom: 754px; z-index: 15;\">55,905<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 619px; bottom: 754px; z-index: 15;\">127<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 681px; bottom: 754px; z-index: 15;\">(13,220)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 754px; z-index: 15;\">(106)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 739px; z-index: 15;\">Equity securities and <span class=\"lsec ws100\">other inves<span class=\"_ _2\"></span>tments<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 739px; z-index: 15;\">4,213<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 739px; z-index: 15;\">5,669<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 739px; z-index: 15;\">(1,456)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 724px; z-index: 15;\">Derivatives held for tra<span class=\"_ _0\"></span>ding<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 724px; z-index: 15;\">126<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 724px; z-index: 15;\">6</div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15e h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 724px; z-index: 15;\">120<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 709px; z-index: 15;\">Derivatives for hedging purpose<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 709px; z-index: 15;\">110<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 624px; bottom: 709px; z-index: 15;\">34<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x24 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 709px; z-index: 15;\">76<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 694px; z-index: 15;\">Loans<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 366px; bottom: 694px; z-index: 15;\">13,391<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 694px; z-index: 15;\">293<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 694px; z-index: 15;\">15,155<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 619px; bottom: 694px; z-index: 15;\">297<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 694px; z-index: 15;\">(1,764)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 694px; z-index: 15;\">(4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff5f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 680px; z-index: 15;\">Investments related to unit linked<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 680px; z-index: 15;\">15,795<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 680px; z-index: 15;\">18,899<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 680px; z-index: 15;\">(3,104)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 665px; z-index: 15;\">Other receivables <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 378px; bottom: 665px; z-index: 15;\">678<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f7 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 665px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 665px; z-index: 15;\">802<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f7 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 635px; bottom: 665px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x160 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 665px; z-index: 15;\">(124)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 654px; height: 452px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 654px; height: 452px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 654px; height: 452px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 654px; height: 452px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 654px; height: 452px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1f4 h52 y647 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 491px; bottom: 1081px; z-index: 15;\">Loss allowance is measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y647 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1081px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x52 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 477px; bottom: 1065px; z-index: 15;\">At an amount equal to lifetime ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 1050px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">IAS 39 for financial a<span class=\"_ _0\"></span>ssets that<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">meet the SPPI test as per <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f8 h52 y605 ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 337px; bottom: 1020px; z-index: 15;\">At an am<span class=\"_ _2\"></span>ount<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 342px; bottom: 1005px; z-index: 15;\">equal to 12<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x11d h52 y638 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 345px; bottom: 990px; z-index: 15;\">month ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y601 ff63 fs3c fc1f sc0 lsef ws10a\" style=\"left: 444px; bottom: 1050px; z-index: 15;\">Sign<span class=\"_ _2\"></span>ificantly<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 453px; bottom: 1035px; z-index: 15;\">increased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19f h52 y605 ff63 fs3c fc1f sc0 lse5 ws10a\" style=\"left: 429px; bottom: 1020px; z-index: 15;\">credit risk sin<span class=\"_ _0\"></span>ce<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 409px; bottom: 1005px; z-index: 15;\">initial recognition but<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 417px; bottom: 990px; z-index: 15;\">not credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x143 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 1050px; z-index: 15;\">Credit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">impaired at the <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x9 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 539px; bottom: 1035px; z-index: 15;\">reporting date<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 522px; bottom: 1020px; z-index: 15;\">but not purchased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 545px; bottom: 1005px; z-index: 15;\">or originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 990px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 1050px; z-index: 15;\">Trade &amp; other <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11e h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 1035px; z-index: 15;\">receivables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 656px; bottom: 1020px; z-index: 15;\">measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 640px; bottom: 1005px; z-index: 15;\">in accordance<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y638 ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 617px; bottom: 990px; z-index: 15;\">with IF<span class=\"_ _2\"></span>RS 9 \u00a75.5.<span class=\"_ _2\"></span>15<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 744px; bottom: 1035px; z-index: 15;\">Purchased or<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x161 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 756px; bottom: 1020px; z-index: 15;\">originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 737px; bottom: 1005px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 735px; bottom: 990px; z-index: 15;\">financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 960px; z-index: 15;\">AAA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 960px; z-index: 15;\">5,769<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff63 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 945px; z-index: 15;\">AA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 945px; z-index: 15;\">23,022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\">A</div>\n<div class=\"t m0 x9 h52 y5f9 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 930px; z-index: 15;\">10,921<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 915px; z-index: 15;\">BBB<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 915px; z-index: 15;\">11,865<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f9 ff65 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment gra<span class=\"_ _2b\"></span>de<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y5f9 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 900px; z-index: 15;\">51,577<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 885px; z-index: 15;\">347<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 885px; z-index: 15;\">66<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 885px; z-index: 15;\">20<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1d h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 885px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 885px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Unrated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 871px; z-index: 15;\">6,515<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x45 h52 y5fc ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 487px; bottom: 871px; z-index: 15;\">6</div>\n<div class=\"t m0 x43 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 871px; z-index: 15;\">16<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 871px; z-index: 15;\">730<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 871px; z-index: 15;\">19<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f7 ff65 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 856px; z-index: 15;\">58,439<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 856px; z-index: 15;\">72<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 856px; z-index: 15;\">36<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 856px; z-index: 15;\">730<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 856px; z-index: 15;\">19<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y83f ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y840 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 491px; bottom: 809px; z-index: 15;\">Loss allowance is measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x52 h52 y5f7 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 477px; bottom: 793px; z-index: 15;\">At an amount equal to lifetime ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 763px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 748px; z-index: 15;\">IAS 39 for financial a<span class=\"_ _0\"></span>ssets that<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 733px; z-index: 15;\">meet the SPPI test as per <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 718px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x2f h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 763px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f8 h52 y5ff ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 337px; bottom: 748px; z-index: 15;\">At an am<span class=\"_ _2\"></span>ount<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 342px; bottom: 733px; z-index: 15;\">equal to 12<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x11d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 345px; bottom: 718px; z-index: 15;\">month ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5ff ff63 fs3c fc1f sc0 lsef ws10a\" style=\"left: 444px; bottom: 777px; z-index: 15;\">Sign<span class=\"_ _2\"></span>ificantly<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 453px; bottom: 763px; z-index: 15;\">increased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19f h52 y5ff ff63 fs3c fc1f sc0 lse5 ws10a\" style=\"left: 429px; bottom: 748px; z-index: 15;\">credit risk sin<span class=\"_ _0\"></span>ce<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 409px; bottom: 733px; z-index: 15;\">initial recognition but<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 417px; bottom: 718px; z-index: 15;\">not credit<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">impaired<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x143 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 777px; z-index: 15;\">Credit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">impaired at the <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x9 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 539px; bottom: 763px; z-index: 15;\">reporting date<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11d h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 522px; bottom: 748px; z-index: 15;\">but not purchased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 545px; bottom: 733px; z-index: 15;\">or originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 718px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 777px; z-index: 15;\">Trade &amp; other <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11e h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 763px; z-index: 15;\">receivables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 656px; bottom: 748px; z-index: 15;\">measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 640px; bottom: 733px; z-index: 15;\">in accordance<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y603 ff63 fs3c fc1f sc0 ls109 ws125\" style=\"left: 617px; bottom: 718px; z-index: 15;\">with IFRS 9 <span class=\"lsec wsfe\">\u00a75.5.<span class=\"_ _2\"></span>15<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1f4 h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 744px; bottom: 763px; z-index: 15;\">Purchased or<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x161 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 756px; bottom: 748px; z-index: 15;\">originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 737px; bottom: 733px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 735px; bottom: 718px; z-index: 15;\">financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 688px; z-index: 15;\">AAA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y603 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 688px; z-index: 15;\">5,289<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 673px; z-index: 15;\">AA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 673px; z-index: 15;\">30,991<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 658px; z-index: 15;\">A</div>\n<div class=\"t m0 x9 h52 y5f4 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 658px; z-index: 15;\">13,749<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 643px; z-index: 15;\">BBB<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 643px; z-index: 15;\">14,565<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y60e ff65 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 628px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment gra<span class=\"_ _2b\"></span>de<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y60e ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 628px; z-index: 15;\">64,594<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y70b ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 613px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 613px; z-index: 15;\">296<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 613px; z-index: 15;\">78<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 613px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1d h52 y70b ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 613px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y70b ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 613px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 598px; z-index: 15;\">Unrated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 598px; z-index: 15;\">4,832<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x45 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 487px; bottom: 598px; z-index: 15;\">4</div>\n<div class=\"t m0 x43 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 598px; z-index: 15;\">18<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 598px; z-index: 15;\">952<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 598px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y656 ff65 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 584px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 584px; z-index: 15;\">69,722<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 584px; z-index: 15;\">82<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 584px; z-index: 15;\">44<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 584px; z-index: 15;\">952<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 584px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y851 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y852 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 536px; z-index: 15;\">Gross carrying amount applying IAS 39 and fair value for financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 522px; z-index: 15;\">that meet the SPPI te<span class=\"_ _0\"></span>st and that do not<span class=\"_ _0\"></span>\u00a0have a low credi<span class=\"_ _0\"></span>t risk as per 31 De<span class=\"_ _0\"></span>cember 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 506px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xe8 h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 506px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 491px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying IAS 39<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1fa h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 491px; z-index: 15;\">1,428<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 476px; z-index: 15;\">Fair value <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1fa h52 y601 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 476px; z-index: 15;\">1,401<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 462px; z-index: 15;\">Difference<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x13d h54 y5ff ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 462px; z-index: 15;\">27<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y859 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y85a ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y85b ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 28 \u2018Inv<span class=\"_ _0\"></span>estment<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>in ass<span class=\"_ _0\"></span>ociates<span class=\"_ _0\"></span>\u00a0and joint v<span class=\"_ _0\"></span>entures\u2019 r<span class=\"_ _2b\"></span>equires an entity</div>\n<div class=\"t m0 x7 h4f y85c ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">to apply uniform<span class=\"_ _2\"></span>\u00a0accounting policies when<span class=\"_ _2\"></span>\u00a0using the equity method.</div>\n<div class=\"t m0 x7 h4f y85d ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas has tempora<span class=\"_ _2\"></span>rily derogated from thi<span class=\"_ _2\"></span>s rule for its associate</div>\n<div class=\"t m0 x7 h4f y85e ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Maybank Agea<span class=\"_ _2\"></span>s Holdings Berhad. <span class=\"_ _2\"></span>This associate appl<span class=\"_ _2\"></span>i<span class=\"lse0\">es I<span class=\"_ _0\"></span>FRS 9 s<span class=\"_ _0\"></span>ince </span></div>\n<div class=\"t m0 x7 h4f y85f ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">2018, while Agea<span class=\"_ _2\"></span>s applied the temporary exemp<span class=\"_ _2\"></span>tion from applying IFRS</div>\n<div class=\"t m0 x7 h4f y860 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">9 over t<span class=\"_ _0\"></span>he same <span class=\"_ _0\"></span>reportin<span class=\"_ _0\"></span>g periods<span class=\"_ _2b\"></span>. This derogat<span class=\"_ _2b\"></span>ion from apply<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x7 h4f y861 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">uniform <span class=\"_ _2b\"></span>accounting pol<span class=\"_ _2b\"></span>icies is permitt<span class=\"_ _2b\"></span>ed by paragrap<span class=\"_ _2b\"></span>h 39I of the</div>\n<div class=\"t m0 x7 h4f y862 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to I<span class=\"_ _0\"></span>FRS 4 o<span class=\"_ _0\"></span>n \u2018Extens<span class=\"_ _0\"></span>ion of t<span class=\"_ _2b\"></span>he<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span><span class=\"lse2\">temporary exemption<span class=\"_ _2\"></span>\u00a0from </span></div>\n<div class=\"t m0 x7 h4f y863 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g IFRS 9<span class=\"_ _0\"></span>\u2019. The fi<span class=\"_ _0\"></span>nancial s<span class=\"_ _2b\"></span>tatements of<span class=\"_ _0\"></span>\u00a0Maybank<span class=\"_ _0\"></span>\u00a0Ageas H<span class=\"_ _2b\"></span>oldings</div>\n<div class=\"t m0 x7 h4f y864 ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Berhad ca<span class=\"_ _0\"></span>n be found on f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g website: <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y865 ff63 fs3a fc10 sc0 ls0 ws0\" style=\"z-index: 15;\">(<span class=\"lsf4 ws10c\">https://myetiqa.com/who</span>-<span class=\"ls104 ws126\">we</span>-<span class=\"lse0 wsef\">are/financia<span class=\"_ _0\"></span>l<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">statement<span class=\"_ _2\"></span><span class=\"lse1 wsf0\">s/</span></span>)<span class=\"fc14\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y877 ff63 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">B.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse0 wsf0\">IFRS 9 \u2018Financ<span class=\"_ _2b\"></span>ial <span class=\"wsef\">instrument<span class=\"_ _0\"></span>s\u2019<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 y878 ff66 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Present<span class=\"_ _2b\"></span>ation of compa<span class=\"_ _0\"></span>rative inf<span class=\"_ _2b\"></span>ormation <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y879 ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas will<span class=\"_ _2\"></span>\u00a0apply both IFRS<span class=\"_ _2\"></span>\u00a09 \u2018Financial ins<span class=\"_ _2\"></span>truments\u2019 and IFRS 1<span class=\"_ _2\"></span>7</div>\n<div class=\"t m0 x1a h4f y87a ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">\u2018Insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>racts\u2019 (see b<span class=\"_ _0\"></span>elow) for<span class=\"_ _2b\"></span>\u00a0the first tim<span class=\"_ _0\"></span>e as from<span class=\"_ _0\"></span>\u00a0the ann<span class=\"_ _0\"></span>ual</div>\n<div class=\"t m0 x1a h4f y87b ff63 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">repo<span class=\"lse0 wsfa\">rting peri<span class=\"_ _2b\"></span>od starting on <span class=\"_ _0\"></span>1 Januar<span class=\"_ _0\"></span>y 2023.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y87c ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y87d ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 req<span class=\"_ _0\"></span>uires an ent<span class=\"_ _2b\"></span>ity to restate info<span class=\"_ _0\"></span>rmation i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>res<span class=\"_ _0\"></span>pect of the ann<span class=\"_ _2b\"></span>ual</div>\n<div class=\"t m0 x1a h4f y87e ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting period<span class=\"_ _2\"></span>\u00a02022 in its financial stat<span class=\"_ _2\"></span>ements for the annual repor<span class=\"_ _2\"></span>ting</div>\n<div class=\"t m0 x1a h4f y87f ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period endin<span class=\"_ _2\"></span>g on 31 December <span class=\"_ _2\"></span>2023.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 246px; height: 844px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 246px; height: 844px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 246px; height: 844px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 246px; height: 844px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 246px; height: 844px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In view <span class=\"_ _0\"></span>of the re<span class=\"_ _0\"></span>quirement<span class=\"_ _0\"></span>\u00a0under I<span class=\"_ _0\"></span>FRS 17<span class=\"_ _0\"></span>, Ageas<span class=\"_ _0\"></span>\u00a0decid<span class=\"_ _0\"></span>ed to als<span class=\"_ _0\"></span>o restat<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y803 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the compara<span class=\"_ _2\"></span>tive information on<span class=\"_ _2\"></span>\u00a0financial instrumen<span class=\"_ _2\"></span>ts for the annual<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y804 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>od 2022.<span class=\"_ _0\"></span>\u00a0In prese<span class=\"_ _2b\"></span>nting comparat<span class=\"_ _2b\"></span>ive informati<span class=\"_ _0\"></span>on on</div>\n<div class=\"t m0 x7 h4f y805 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">financial <span class=\"_ _2\"></span><span class=\"ws103\">instruments, Ageas will app<span class=\"_ _2\"></span>ly the requirements in IFRS 9<span class=\"_ _2\"></span>\u00a0on </span></div>\n<div class=\"t m0 x7 h4f y806 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">\u2018classification<span class=\"_ _2\"></span>\u00a0&amp; measurement\u2019 and on \u2018impai<span class=\"_ _2\"></span>rment\u2019 to all its financial<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y807 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets, us<span class=\"_ _2b\"></span>ing reasonable a<span class=\"_ _2b\"></span>nd supportable inf<span class=\"_ _2b\"></span>ormation avail<span class=\"_ _2b\"></span>able on 1</div>\n<div class=\"t m0 x7 h4f y808 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">January <span class=\"_ _2b\"></span>2022. This fol<span class=\"_ _0\"></span>lows fr<span class=\"_ _0\"></span>om the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he \u2018<span class=\"wsef\">class<span class=\"_ _2b\"></span>ification </span></div>\n<div class=\"t m0 x7 h4f y809 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">overlay\u2019 include<span class=\"_ _2\"></span>d in the amendments to IFRS 17<span class=\"_ _2\"></span>\u00a0\u2018Initial application o<span class=\"_ _2\"></span>f</div>\n<div class=\"t m0 x7 h4f y80a ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 and IF<span class=\"_ _0\"></span>RS 9 <span class=\"ls0 ws0\">\u2013 </span>comparativ<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation\u2019, w<span class=\"_ _0\"></span>hich hav<span class=\"_ _0\"></span>e been</div>\n<div class=\"t m0 x7 h4f y80b ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">issued by<span class=\"_ _0\"></span>\u00a0the I<span class=\"_ _0\"></span>ASB in Dec<span class=\"_ _0\"></span>ember 2<span class=\"_ _2b\"></span>021 and have be<span class=\"_ _0\"></span>en endors<span class=\"_ _2b\"></span>ed by the</div>\n<div class=\"t m0 x7 h4f y80c ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EU in Septem<span class=\"_ _2b\"></span>ber 2022.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y882 ff6a fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Main changes broug<span class=\"_ _2\"></span>h<span class=\"lsfc ws0\">t by IF<span class=\"_ _2\"></span>RS 9<span class=\"ls0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y883 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Compar<span class=\"_ _0\"></span>ed to IA<span class=\"_ _0\"></span>S 39, the <span class=\"_ _0\"></span>main ch<span class=\"_ _2b\"></span>anges brought<span class=\"_ _0\"></span>\u00a0by IFRS <span class=\"_ _0\"></span>9 relate t<span class=\"_ _2b\"></span>o:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y884 ff6b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff6c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff68 lse2 wsfa\">T<span class=\"_ _2\"></span>he classification (a<span class=\"_ _2\"></span>nd <span class=\"lse0 wsf0\">result<span class=\"_ _2b\"></span>ing measurement<span class=\"_ _2b\"></span>) of <span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>nancial ass<span class=\"_ _2b\"></span>ets; </span></span></span></div>\n<div class=\"t m0 x43 h4f y885 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y886 ff6b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff6c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff68 lse0 wsf0\">The applicatio<span class=\"_ _0\"></span>n of the expect<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">cr<span class=\"_ _2\"></span>edit loss model.</span>\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h55 y887 ff6a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsfa\">cl<span class=\"_ _2\"></span>assification &amp; mea<span class=\"_ _2\"></span>surement</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y888 ff68 fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">The cl<span class=\"_ _2\"></span>a<span class=\"lse2 ws103\">ssification and measure<span class=\"_ _2\"></span>ment categories for financial<span class=\"_ _2\"></span>\u00a0instruments </span></div>\n<div class=\"t m0 x7 h4f y889 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">under IAS 3<span class=\"_ _0\"></span>9 (i.e. \u2018hel<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span><span class=\"wsfa\">mat<span class=\"_ _0\"></span>urity\u2019, \u2018<span class=\"_ _2b\"></span>loans and rece<span class=\"_ _2b\"></span>ivables\u2019, \u2018av<span class=\"_ _0\"></span>ailabl<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x7 h4f y88a ff68 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">sale\u2019,<span class=\"_ _2\"></span>\u00a0\u2018held</span>-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">trading\u2019 or financial as<span class=\"_ _2\"></span>sets designated at fair value<span class=\"_ _2\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y88b ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through pr<span class=\"_ _2\"></span>ofit or loss) have<span class=\"_ _2\"></span>\u00a0been replace<span class=\"ws103\">d under<span class=\"_ _2\"></span>\u00a0IFRS 9 by three </span></div>\n<div class=\"t m0 x7 h4f y88c ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">principal me<span class=\"_ _2\"></span>asurement bases (i<span class=\"_ _2\"></span>.e. amortised co<span class=\"_ _2\"></span>st, fair value <span class=\"_ _2\"></span>through</div>\n<div class=\"t m0 x7 h4f y88d ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>omprehe<span class=\"_ _2b\"></span>nsive income an<span class=\"_ _0\"></span>d fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it or loss). T<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y88e ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">classif<span class=\"_ _0\"></span>ication,<span class=\"_ _0\"></span>\u00a0and result<span class=\"_ _2b\"></span>ing measurement<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>of fi<span class=\"_ _2b\"></span>nancial instrum<span class=\"_ _2b\"></span>ents under</div>\n<div class=\"t m0 x7 h4f y88f ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">IFRS 9 i<span class=\"_ _2\"></span>s generall<span class=\"lse0\">y based o<span class=\"_ _2b\"></span>n the business <span class=\"_ _0\"></span>model in w<span class=\"_ _2b\"></span>hich a financ<span class=\"_ _0\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y890 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">asset is<span class=\"_ _0\"></span>\u00a0manage<span class=\"_ _2b\"></span>d and its contr<span class=\"_ _0\"></span>actual c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>\u00a0charact<span class=\"_ _2b\"></span>eristics.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y891 ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y892 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas determine<span class=\"_ _2\"></span>d that the largest part of i<span class=\"_ _2\"></span>ts investments in debt</div>\n<div class=\"t m0 x7 h4f y893 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents will b<span class=\"_ _0\"></span>e measure<span class=\"_ _2b\"></span>d at <span class=\"_ _2\"></span>fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue throug<span class=\"_ _0\"></span>h other com<span class=\"_ _0\"></span>prehens<span class=\"_ _2b\"></span>ive</div>\n<div class=\"t m0 x7 h4f y894 ff68 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">inc<span class=\"lse0 wsfa\">ome af<span class=\"_ _0\"></span>ter the<span class=\"_ _2b\"></span>ir initial reco<span class=\"_ _0\"></span>gnition.<span class=\"_ _2b\"></span>\u00a0This follows<span class=\"_ _0\"></span>\u00a0from t<span class=\"_ _0\"></span>he analy<span class=\"_ _0\"></span>sis that </span></div>\n<div class=\"t m0 x7 h4f y895 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">these inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span>s pass the \u2018s<span class=\"_ _0\"></span>olely paym<span class=\"_ _2b\"></span>ents of principal<span class=\"_ _0\"></span>\u00a0and interes<span class=\"_ _0\"></span>t\u2019</div>\n<div class=\"t m0 x7 h4f y896 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">test and bec<span class=\"_ _2b\"></span>ause those investm<span class=\"_ _2b\"></span>ents are held withi<span class=\"_ _0\"></span>n the \u2018hold to co<span class=\"_ _0\"></span>llect</div>\n<div class=\"t m0 x7 h4f y897 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and sell\u2019 b<span class=\"_ _2\"></span>usiness model. The<span class=\"_ _2\"></span>\u00a0\u2018hold to colle<span class=\"_ _2\"></span>ct and sell\u2019 bus<span class=\"_ _2\"></span>iness model</div>\n<div class=\"t m0 x7 h4f y898 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reflects<span class=\"_ _0\"></span>\u00a0the fac<span class=\"_ _0\"></span>t that <span class=\"lse2 wsf1\">those </span><span class=\"wsf0\">financ<span class=\"_ _0\"></span>ial assets<span class=\"_ _0\"></span>\u00a0are held to ba<span class=\"_ _0\"></span>ck liabil<span class=\"_ _0\"></span>ities </span></div>\n<div class=\"t m0 x7 h4f y899 ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">f<span class=\"lse2 wsf1\">rom</span>\u00a0<span class=\"lse0 wsf0\">(re)insuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent contra<span class=\"_ _0\"></span>cts with dis<span class=\"_ _0\"></span>cretion<span class=\"_ _2b\"></span>ary </span></div>\n<div class=\"t m0 x7 h4f y89a ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _0\"></span>eatures (s<span class=\"_ _2b\"></span>ee section C. \u2018IFR<span class=\"_ _0\"></span>S 17 \u2018Insura<span class=\"_ _2b\"></span>nce contracts\u2019</div>\n<div class=\"t m0 x7 h4f y89b ff68 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">below<span class=\"ls0 ws0\">). </span></div>\n<div class=\"t m0 x7 h4f y89c ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y89d ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Equity inst<span class=\"_ _2\"></span>ruments are always<span class=\"_ _2\"></span>\u00a0measured at fair<span class=\"_ _2\"></span>\u00a0value <span class=\"wsf1\">under<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">IFR<span class=\"_ _2b\"></span>S 9. For </span></span></span></div>\n<div class=\"t m0 x7 h4f y89e ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the larges<span class=\"_ _0\"></span>t part of it<span class=\"_ _0\"></span>s investm<span class=\"_ _0\"></span>ents in equit<span class=\"_ _0\"></span>y instru<span class=\"_ _0\"></span>ments,<span class=\"_ _0\"></span>\u00a0Ageas inte<span class=\"_ _0\"></span>nds</div>\n<div class=\"t m0 x7 h4f y89f ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to apply the ir<span class=\"_ _2b\"></span>revocable elect<span class=\"_ _2b\"></span>ion in IFRS 9 to prese<span class=\"_ _0\"></span>nt subseq<span class=\"_ _0\"></span>uent</div>\n<div class=\"t m0 x7 h4f y8a0 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">changes <span class=\"_ _2b\"></span>in their fair val<span class=\"_ _2b\"></span>ue in other co<span class=\"_ _0\"></span>mprehe<span class=\"_ _0\"></span>nsive inc<span class=\"_ _2b\"></span>ome (rather th<span class=\"_ _0\"></span>an in</div>\n<div class=\"t m0 x7 h4f y8a1 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement). <span class=\"_ _0\"></span>On the d<span class=\"_ _0\"></span>ate of der<span class=\"_ _2b\"></span>ecognition of i<span class=\"_ _2b\"></span>nvestments in<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y8a2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity ins<span class=\"_ _2b\"></span>truments, for whic<span class=\"_ _2b\"></span>h Ageas elected to p<span class=\"_ _0\"></span>resent su<span class=\"_ _0\"></span>bseque<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y8a3 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">changes <span class=\"_ _2b\"></span>in their fair val<span class=\"_ _2b\"></span>ue in other co<span class=\"_ _0\"></span>mprehe<span class=\"_ _0\"></span>nsive inc<span class=\"_ _2b\"></span>ome, Ageas</div>\n<div class=\"t m0 x1a h4f y8a4 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">intends to recl<span class=\"_ _2\"></span>assify the unrealised gain<span class=\"_ _2\"></span>s or losses that were previousl<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x1a h4f y8a5 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recognised in<span class=\"_ _2\"></span>\u00a0other comprehensive income<span class=\"_ _2\"></span>\u00a0from other comprehensive</div>\n<div class=\"t m0 x1a h4f y8a6 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income to r<span class=\"_ _0\"></span>etained ea<span class=\"_ _0\"></span>rnings.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y8a7 ff6a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets <span class=\"ls0 ws0\">\u2013 </span>loss allowanc<span class=\"_ _0\"></span>e for <span class=\"lse2 wsfa\">expected credi<span class=\"_ _2\"></span>t losses<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8a8 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 9 r<span class=\"_ _0\"></span>eplaces t<span class=\"_ _2b\"></span>he \u2018incurred <span class=\"_ _0\"></span>loss\u2019 mod<span class=\"_ _2b\"></span>el in IAS 3<span class=\"lse2 ws103\">9 with a forward </span></div>\n<div class=\"t m0 x1a h4f y8a9 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">looking \u2018e<span class=\"_ _2b\"></span>xpected credit los<span class=\"_ _0\"></span>s\u2019 model.<span class=\"_ _0\"></span>\u00a0The new exp<span class=\"_ _2b\"></span>ected credit loss</div>\n<div class=\"t m0 x1a h4f y8aa ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">model app<span class=\"_ _0\"></span>lies to in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span>s in debt ins<span class=\"_ _0\"></span>trument<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at are meas<span class=\"_ _2b\"></span>ured at</div>\n<div class=\"t m0 x1a h4f y8ab ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost <span class=\"_ _0\"></span>or at fai<span class=\"_ _0\"></span>r value t<span class=\"_ _2b\"></span>hrough other c<span class=\"_ _0\"></span>omprehe<span class=\"_ _2b\"></span>nsive income, t<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x1a h4f y8ac ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">lease recei<span class=\"_ _2\"></span>vables, trade recei<span class=\"_ _2\"></span>v<span class=\"lse0 wsf0\">abl<span class=\"_ _0\"></span>es and cont<span class=\"_ _0\"></span>ract ass<span class=\"_ _0\"></span>ets. Invest<span class=\"_ _2b\"></span>ments in </span></div>\n<div class=\"t m0 x1a h4f y8ad ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">equity <span class=\"_ _0\"></span>instrume<span class=\"_ _2b\"></span>nts are out of sc<span class=\"_ _2b\"></span>ope of the exp<span class=\"_ _0\"></span>ected c<span class=\"_ _0\"></span>redit lo<span class=\"_ _0\"></span>ss mod<span class=\"_ _0\"></span>el.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ae ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8af ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">IFRS 9 requires an e<span class=\"_ _2\"></span>ntity to recognise a lo<span class=\"_ _2\"></span>ss allowance at an amount</div>\n<div class=\"t m0 x1a h4f y8b0 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equal to<span class=\"_ _2\"></span>\u00a012<span class=\"ls0 ws0\">-</span><span class=\"lse0\">month <span class=\"_ _0\"></span>expecte<span class=\"_ _0\"></span>d credit <span class=\"_ _0\"></span>losses f<span class=\"_ _2b\"></span>or investment<span class=\"_ _2b\"></span>s in debt </span></div>\n<div class=\"t m0 x1a h4f y8b1 ff68 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>e<span class=\"wsf0\">nts for whi<span class=\"_ _2b\"></span>ch <span class=\"_ _2\"></span>the c<span class=\"_ _0\"></span>redit ris<span class=\"_ _0\"></span>k has not inc<span class=\"_ _2b\"></span>reased signific<span class=\"_ _0\"></span>antly si<span class=\"_ _0\"></span>nce </span></div>\n<div class=\"t m0 x1a h4f y8b2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">their init<span class=\"_ _0\"></span>ial recog<span class=\"_ _0\"></span>nition (i<span class=\"_ _0\"></span>.e. class<span class=\"_ _0\"></span>ified in St<span class=\"_ _0\"></span>age 1). For in<span class=\"_ _2b\"></span>vestments in</div>\n<div class=\"t m0 x1a h4f y8b3 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">debt instrumen<span class=\"_ _2\"></span>ts for which the credit risk ha<span class=\"_ _2\"></span>s increased significan<span class=\"_ _2\"></span>tly</div>\n<div class=\"t m0 x1a h4f y8b4 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">since their ini<span class=\"_ _2\"></span>tial recognition (i.e.<span class=\"_ _2\"></span>\u00a0clas<span class=\"lse0 wsf0\">sifi<span class=\"_ _2b\"></span>ed in Stage 2) or for inves<span class=\"_ _0\"></span>tments </span></div>\n<div class=\"t m0 x1a h4f y8b5 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in debt i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>at are in <span class=\"_ _2b\"></span>default, for ex<span class=\"_ _2b\"></span>ample becaus<span class=\"_ _0\"></span>e of mat<span class=\"_ _0\"></span>erial</div>\n<div class=\"t m0 x1a h4f y8b6 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">arrears i<span class=\"_ _0\"></span>n contract<span class=\"_ _2b\"></span>ual payments (i.e.<span class=\"_ _0\"></span>\u00a0classif<span class=\"_ _0\"></span>ied in Stag<span class=\"_ _0\"></span>e 3), Ageas<span class=\"_ _0\"></span>\u00a0will</div>\n<div class=\"t m0 x1a h4f y8b7 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>se a loss all<span class=\"_ _0\"></span>owance at a<span class=\"_ _0\"></span>n amount eq<span class=\"_ _2b\"></span>ual to lifetime expec<span class=\"_ _0\"></span>ted</div>\n<div class=\"t m0 x1a h4f y8b8 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">credi<span class=\"lse1 ws104\">t losses.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y8b9 ff6a fs3a fc1f sc0 ls102 ws115\" style=\"z-index: 15;\">Financial<span class=\"_ _2\"></span>\u00a0liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ba ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 9 will not have a s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>ant impac<span class=\"_ _0\"></span>t on the</div>\n<div class=\"t m0 x1a h4f y8bb ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment and c<span class=\"_ _0\"></span>lassific<span class=\"_ _2b\"></span>ation of <span class=\"lse2 wsf1\">Ageas's <span class=\"_ _2\"></span><span class=\"ws103\">financial liabilities.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h55 y8bc ff6a fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Hedge accoun<span class=\"_ _2\"></span>ting<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8bd ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As from the annual r<span class=\"_ _2\"></span>eporting period starting<span class=\"_ _2\"></span>\u00a0on 1 January 2023, Ageas</div>\n<div class=\"t m0 x1a h4f y8be ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">intends to also<span class=\"_ _2\"></span>\u00a0adopt the requirements on hedg<span class=\"_ _2\"></span>e accounting in IFRS 9.</div>\n<div class=\"t m0 x1a h4f y8bf ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">This <span class=\"wsfa\">is <span class=\"_ _2\"></span>not expected<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span>\u00a0</span></span><span class=\"ws103\">result in a signif<span class=\"_ _2\"></span>icant impact compared to the<span class=\"_ _2\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8c0 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">current<span class=\"_ _0\"></span>\u00a0applicat<span class=\"_ _2b\"></span>ion of the hedge acco<span class=\"_ _0\"></span>unting r<span class=\"lse2 ws103\">equirements in IAS 39.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y8c1 ff6a fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impact asse<span class=\"_ _2\"></span>ssment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8c2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The estim<span class=\"_ _2b\"></span>ated impact of the ado<span class=\"_ _0\"></span>ption of IF<span class=\"_ _0\"></span>RS 9 by the subsi<span class=\"_ _2b\"></span>diaries of</div>\n<div class=\"t m0 x1a h4f y8c3 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas at th<span class=\"_ _0\"></span>e transi<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. 1 Janua<span class=\"_ _0\"></span>ry 2022) is c<span class=\"_ _0\"></span>larified b<span class=\"_ _0\"></span>elow in</div>\n<div class=\"t m0 x1a h4f y8c4 ff68 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">secti<span class=\"_ _2\"></span>on<span class=\"ls0 ws0\">\u00a0<span class=\"ls104 ws126\">D.</span>\u00a0\u2018<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Est<span class=\"_ _0\"></span>imated i<span class=\"_ _0\"></span>mpact of th<span class=\"_ _0\"></span>e adoption of I<span class=\"_ _0\"></span>FRS 9 &amp; IFRS 17 o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>1 </span></span></div>\n<div class=\"t m0 x1a h4f y8c5 ff68 fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">Ja<span class=\"lse2 wsfa\">nuary 2022\u2019.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8c6 ff68 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">C.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1b8\">\u00a0</span><span class=\"lsfa ws114\">IFRS<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">17 \u2018Ins<span class=\"_ _2b\"></span>urance contracts<span class=\"_ _2b\"></span>\u2019<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y8c7 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The IASB i<span class=\"_ _2\"></span>ssued IFRS 17 \u2018Ins<span class=\"_ _2\"></span>urance contracts\u2019 i<span class=\"_ _2\"></span>n May 2017 and</div>\n<div class=\"t m0 x1a h4f y8c8 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amended IFRS 17<span class=\"_ _2\"></span>\u00a0in June 2020. IFRS 17 will replace<span class=\"_ _2\"></span>\u00a0IFRS 4 for annual</div>\n<div class=\"t m0 x1a h4f y8c9 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>ods start<span class=\"_ _2b\"></span>ing on 1 Janua<span class=\"_ _0\"></span>ry 2023, <span class=\"_ _2b\"></span>which is also t<span class=\"_ _2b\"></span>he date as</div>\n<div class=\"t m0 x1a h4f y8ca ff68 fs3a fc14 sc0 ls104 ws116\" style=\"z-index: 15;\">from wh<span class=\"lse2 wsfa\">en Ageas will<span class=\"_ _2\"></span>\u00a0apply IFRS 17.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 361px; height: 745px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 361px; height: 745px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 361px; height: 745px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 361px; height: 745px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 361px; height: 745px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The EU endo<span class=\"_ _0\"></span>rsed IFR<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>17, i<span class=\"_ _0\"></span>ncludin<span class=\"_ _0\"></span>g the June 20<span class=\"_ _0\"></span>20 amendm<span class=\"_ _2b\"></span>ents, in</div>\n<div class=\"t m0 x7 h4f y803 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">November 2021<span class=\"_ _2\"></span>. This endorsemen<span class=\"_ _2\"></span>t includes an (op<span class=\"_ _2\"></span>tional) European</div>\n<div class=\"t m0 x7 h4f y804 ff6d fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">carve<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">out of the annual cohor<span class=\"_ _2\"></span>t requirement in IFRS 17 for grou<span class=\"_ _2\"></span>ps of </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts with di<span class=\"_ _0\"></span>rect part<span class=\"_ _2b\"></span>icipating featur<span class=\"_ _2b\"></span>es and groups of</div>\n<div class=\"t m0 x7 h4f y806 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent contracts<span class=\"_ _0\"></span>\u00a0with dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary part<span class=\"_ _2b\"></span>icipation fe<span class=\"_ _2b\"></span>atures and with</div>\n<div class=\"t m0 x7 h4f y807 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws that<span class=\"_ _0\"></span>\u00a0affect or <span class=\"_ _2b\"></span>are affected <span class=\"_ _0\"></span>by cash fl<span class=\"_ _2b\"></span>ows to policyh<span class=\"_ _0\"></span>olders <span class=\"_ _0\"></span>of</div>\n<div class=\"t m0 x7 h4f y808 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>ontracts<span class=\"_ _0\"></span>. Ageas<span class=\"_ _0\"></span>\u00a0intends t<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">o<span class=\"_ _2\"></span>\u00a0apply this carve<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">out for a limited set<span class=\"_ _0\"></span>\u00a0of </span></span></span></div>\n<div class=\"t m0 x7 h4f y809 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts with di<span class=\"_ _0\"></span>rect part<span class=\"_ _2b\"></span>icipation featur<span class=\"_ _2b\"></span>es, to align with loca<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x7 h4f y80a ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>actice.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y8cd ff6f fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Scope <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y8ce ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 \u2018I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s\u2019 appli<span class=\"_ _0\"></span>es to<span class=\"ls0 ws0\">\u00a0: </span></div>\n<div class=\"t m0 x7 h4f y882 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 ws103\">In<span class=\"_ _2\"></span>surance contracts, includ<span class=\"_ _2\"></span>ing reinsurance contrac<span class=\"_ _2\"></span>ts issued;</span><span class=\"ff6d\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y883 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsf1\">R<span class=\"_ _2\"></span>einsura<span class=\"lse0 wsf0\">nce cont<span class=\"_ _0\"></span>racts hel<span class=\"_ _0\"></span>d; and<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f y884 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts with di<span class=\"_ _0\"></span>scretio<span class=\"_ _0\"></span>nary p<span class=\"_ _0\"></span>articip<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>eatures </span></span></div>\n<div class=\"t m0 x43 h4f y885 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issued. T<span class=\"_ _0\"></span>hese are i<span class=\"_ _0\"></span>n the scope of IF<span class=\"_ _0\"></span>RS 17 only<span class=\"_ _0\"></span>\u00a0if the issuer al<span class=\"_ _2b\"></span>so</div>\n<div class=\"t m0 x43 h4f y886 ff6d fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">issue<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _2b\"></span>acts.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y8cf ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y8d0 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All refere<span class=\"_ _2b\"></span>nces below to \u2018insu<span class=\"_ _0\"></span>rance cont<span class=\"_ _0\"></span>racts\u2019 e<span class=\"_ _2b\"></span>qually apply to</div>\n<div class=\"t m0 x7 h4f y8d1 ff6d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ance<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">cont<span class=\"_ _0\"></span>racts (b<span class=\"_ _0\"></span>oth reinsu<span class=\"_ _2b\"></span>rance contracts<span class=\"_ _0\"></span>\u00a0held and reins<span class=\"_ _2b\"></span>urance </span></div>\n<div class=\"t m0 x7 h4f y8d2 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s issued) and i<span class=\"_ _2b\"></span>nvestment cont<span class=\"_ _2b\"></span>racts with <span class=\"lse2 wsf1\">discretionary </span></div>\n<div class=\"t m0 x7 h4f y8d3 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures, unl<span class=\"_ _0\"></span>ess stat<span class=\"_ _0\"></span>ed other<span class=\"_ _0\"></span>wise.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y88c ff6f fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Separat<span class=\"_ _0\"></span>ing com<span class=\"_ _0\"></span>ponents f<span class=\"_ _2b\"></span>rom an insuranc<span class=\"_ _2b\"></span>e contract<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y88d ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">An insur<span class=\"_ _0\"></span>ance co<span class=\"_ _2b\"></span>ntract may <span class=\"lse2\">include one or<span class=\"_ _2\"></span>\u00a0more components tha<span class=\"_ _2\"></span>t need </span></div>\n<div class=\"t m0 x7 h4f y88e ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to be sep<span class=\"_ _2b\"></span>arated from th<span class=\"_ _0\"></span>e host ins<span class=\"_ _2b\"></span>urance contr<span class=\"_ _0\"></span>act and b<span class=\"_ _0\"></span>e account<span class=\"_ _2b\"></span>ed for</div>\n<div class=\"t m0 x7 h4f y88f ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g anoth<span class=\"_ _0\"></span>er IFRS st<span class=\"_ _2b\"></span>andard than<span class=\"_ _0\"></span>\u00a0IFRS 17. <span class=\"_ _0\"></span>At cont<span class=\"_ _2b\"></span>ract inception,</div>\n<div class=\"t m0 x7 h4f y890 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas assesses on<span class=\"_ _2\"></span>\u00a0a contract<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">by</span>-</span>contra<span class=\"_ _2\"></span>ct basis whether this might be</div>\n<div class=\"t m0 x7 h4f y891 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the case<span class=\"wsfa\">. Examp<span class=\"_ _2\"></span>les of component<span class=\"_ _2\"></span>s that may require<span class=\"_ _2\"></span>\u00a0separation are:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y892 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">Not closely relat<span class=\"_ _0\"></span>ed embed<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>atives;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y893 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">Distinct invest<span class=\"_ _0\"></span>ment comp<span class=\"_ _0\"></span>onents (I<span class=\"_ _2b\"></span>FRS 17 provides the crit<span class=\"_ _2b\"></span>eria to </span></span></div>\n<div class=\"t m0 x43 h4f y894 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ne when a non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">insurance<span class=\"_ _2\"></span>\u00a0component is distinct from<span class=\"_ _2\"></span>\u00a0the </span></span></div>\n<div class=\"t m0 x43 h4f y895 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">host cont<span class=\"_ _0\"></span>ract); an<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y896 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsf1\">Pr<span class=\"_ _2\"></span>omises <span class=\"ws103\">to transfer<span class=\"_ _2\"></span>\u00a0distinct goods or services o<span class=\"_ _2\"></span>ther than insurance </span></span></span></div>\n<div class=\"t m0 x43 h4f y897 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract servi<span class=\"_ _2\"></span>ces to a policyholder.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y898 ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y899 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Separat<span class=\"_ _0\"></span>ed embed<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>atives an<span class=\"_ _0\"></span>d distinct<span class=\"_ _0\"></span>\u00a0investm<span class=\"_ _0\"></span>ent comp<span class=\"_ _0\"></span>onents</div>\n<div class=\"t m0 x7 h4f y89a ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are accou<span class=\"_ _2b\"></span>nted for as if they were sta<span class=\"_ _2b\"></span>nd<span class=\"ls0 ws0\">-</span>alone financial i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y89b ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y89c ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">After th<span class=\"_ _2b\"></span>e above steps,<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">Ageas separates from the hos<span class=\"_ _2\"></span>t insurance contract </span></span></div>\n<div class=\"t m0 x7 h4f y89d ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any promis<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to tr<span class=\"_ _0\"></span>ansfer dis<span class=\"_ _0\"></span>tinct go<span class=\"_ _0\"></span>ods or servic<span class=\"_ _2b\"></span>es other than insur<span class=\"_ _0\"></span>ance</div>\n<div class=\"t m0 x7 h4f y89e ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract servi<span class=\"_ _2\"></span>ces to a policyholder (such as pen<span class=\"_ _2\"></span>sion administration, ri<span class=\"_ _2\"></span>sk</div>\n<div class=\"t m0 x7 h4f y89f ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">management, as<span class=\"_ _2\"></span>sistance, asset management or cu<span class=\"_ _2\"></span>stody services) and</div>\n<div class=\"t m0 x7 h4f y8a0 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>em as se<span class=\"_ _0\"></span>parate c<span class=\"_ _2b\"></span>ontracts with <span class=\"_ _0\"></span>custom<span class=\"_ _0\"></span>ers (i.e. <span class=\"_ _0\"></span>not as</div>\n<div class=\"t m0 x7 h4f y8a1 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontracts), applying <span class=\"_ _2\"></span>IFRS 15<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">\u2018Revenue f<span class=\"_ _2\"></span>rom contracts with </span></div>\n<div class=\"t m0 x7 h4f y8a2 ff6d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">customers\u2019<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h55 y8d4 ff6f fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Level of <span class=\"_ _2\"></span>aggregation<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y8d5 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For prese<span class=\"_ _2b\"></span>ntation and measur<span class=\"_ _2b\"></span>ement purposes,<span class=\"_ _0\"></span>\u00a0Ageas id<span class=\"_ _0\"></span>entifie<span class=\"_ _0\"></span>s portfol<span class=\"_ _2b\"></span>ios</div>\n<div class=\"t m0 x7 h4f y8d6 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and groups<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">of ins<span class=\"_ _2b\"></span>urance contrac<span class=\"_ _0\"></span>ts.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y8d7 ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8d8 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A portfol<span class=\"_ _0\"></span>io of insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts incl<span class=\"_ _2b\"></span>udes contracts th<span class=\"_ _2b\"></span>at are subject to</div>\n<div class=\"t m0 x1a h4f y8d9 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">similar ris<span class=\"_ _2\"></span>k and that are managed together.</div>\n<div class=\"t m0 xad h6b y8da ff71 fs47 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0<span class=\"ff6d fs3a lse2 ws103\">Portfoli<span class=\"_ _2\"></span>os of insurance </span></div>\n<div class=\"t m0 x1a h4f y8db ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s are identif<span class=\"_ _0\"></span>ied at t<span class=\"_ _0\"></span>he level <span class=\"_ _0\"></span>of the iss<span class=\"_ _0\"></span>uing e<span class=\"_ _0\"></span>ntity. E<span class=\"_ _0\"></span>xamples o<span class=\"_ _2b\"></span>f</div>\n<div class=\"t m0 x1a h4f y8dc ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">portfol<span class=\"_ _0\"></span>ios in t<span class=\"lse2 wsf1\">he <span class=\"ls0 ws0\">N</span>on<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life bu<span class=\"_ _2\"></span>siness of Ageas are<span class=\"_ _2\"></span>\u00a0Accident, Health<span class=\"_ _2\"></span>, </span></span></div>\n<div class=\"t m0 x1a h4f y8dd ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Property, Mo<span class=\"_ _2\"></span>tor\u2026 Upon initial<span class=\"_ _2\"></span>\u00a0recognition, insurance<span class=\"_ _2\"></span>\u00a0contracts are</div>\n<div class=\"t m0 x1a h4f y8de ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">added to t<span class=\"_ _2b\"></span>he applicabl<span class=\"_ _0\"></span>e portfol<span class=\"_ _2b\"></span>io.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8df ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8e0 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For measuremen<span class=\"_ _2\"></span>t purposes, Ageas further di<span class=\"_ _2\"></span>vides portfolios of</div>\n<div class=\"t m0 x1a h4f y8e1 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts into g<span class=\"_ _0\"></span>roups of ins<span class=\"_ _0\"></span>urance co<span class=\"_ _2b\"></span>ntracts. A group of</div>\n<div class=\"t m0 x1a h4f y8e2 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts is dete<span class=\"_ _2b\"></span>rmined by first div<span class=\"_ _0\"></span>iding the po<span class=\"_ _0\"></span>rtfolio of<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y8e3 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontracts into annua<span class=\"_ _2\"></span>l cohorts (e.g. b<span class=\"_ _2\"></span>y year of issue),<span class=\"_ _2\"></span>\u00a0to</div>\n<div class=\"t m0 x1a h4f y8e4 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">guarant<span class=\"_ _0\"></span>ee that <span class=\"_ _0\"></span>each coh<span class=\"_ _0\"></span>ort does<span class=\"_ _0\"></span>\u00a0not incl<span class=\"_ _2b\"></span>ude contracts t<span class=\"_ _2b\"></span>hat are issued</div>\n<div class=\"t m0 x1a h4f y8e5 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">more than one year<span class=\"_ _2\"></span>\u00a0ap<span class=\"lse0 wsf0\">art.<span class=\"_ _0\"></span>\u00a0Each annu<span class=\"_ _0\"></span>al cohort is t<span class=\"_ _0\"></span>hen furthe<span class=\"_ _2b\"></span>r divided </span></div>\n<div class=\"t m0 x1a h4f y8e6 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">into (a mini<span class=\"_ _0\"></span>mum of) thr<span class=\"_ _0\"></span>ee groups of in<span class=\"_ _2b\"></span>surance contract<span class=\"_ _2b\"></span>s, based on the</div>\n<div class=\"t m0 x1a h4f y8e7 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">expected pro<span class=\"_ _2\"></span>fitability of the underlying con<span class=\"_ _2\"></span>tracts:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8e8 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0group of insurance<span class=\"_ _2\"></span>\u00a0contracts that<span class=\"_ _2\"></span>\u00a0<span class=\"wsf1\">are</span></span><span class=\"ff6d\">\u00a0<span class=\"lse2 wsfa\">onerous at i<span class=\"_ _2\"></span>nitial </span></span></span></div>\n<div class=\"t m0 x6c h4f y8e9 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, if any; <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ea ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0group of insurance<span class=\"_ _2\"></span>\u00a0contracts that<span class=\"_ _2\"></span>\u00a0at initial recog<span class=\"_ _2\"></span>nition have no </span></span></div>\n<div class=\"t m0 x6c h4f y8eb ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span>\u00a0possibility of be<span class=\"_ _2\"></span>coming onerous sub<span class=\"_ _2\"></span>sequently, if any;<span class=\"_ _2\"></span>\u00a0and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ec ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">A group of the remain<span class=\"_ _2b\"></span>ing insurance cont<span class=\"_ _2b\"></span>racts, if any.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y8ed ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8ee ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts th<span class=\"_ _2b\"></span>at would fall int<span class=\"_ _2b\"></span>o different gr<span class=\"_ _0\"></span>oups on<span class=\"_ _0\"></span>ly becau<span class=\"_ _2b\"></span>se</div>\n<div class=\"t m0 x1a h4f y8ef ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">law or regu<span class=\"_ _0\"></span>lation s<span class=\"_ _0\"></span>pecific<span class=\"_ _0\"></span>ally const<span class=\"_ _2b\"></span>rains the practic<span class=\"_ _0\"></span>al ability<span class=\"_ _0\"></span>\u00a0of the issui<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y8f0 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">entity t<span class=\"_ _0\"></span>o set a dif<span class=\"_ _0\"></span>ferent<span class=\"_ _2b\"></span>\u00a0price or leve<span class=\"_ _0\"></span>l of benef<span class=\"_ _0\"></span>its for <span class=\"_ _0\"></span>policy<span class=\"_ _0\"></span>holders <span class=\"_ _0\"></span>with</div>\n<div class=\"t m0 x1a h4f y8f1 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nt chara<span class=\"_ _2b\"></span>cteristics are <span class=\"_ _0\"></span>includ<span class=\"_ _0\"></span>ed in the s<span class=\"_ _2b\"></span>ame g<span class=\"lse2 wsf1\">roup<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h55 y8f2 ff6f fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Recognition<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8f3 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rec<span class=\"_ _2b\"></span>ognises groups of<span class=\"_ _0\"></span>\u00a0insuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s and rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y8f4 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s issued (othe<span class=\"_ _0\"></span>r than i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt contracts wit<span class=\"_ _2b\"></span>h <span class=\"wsef\">discretion<span class=\"_ _0\"></span>ary </span></div>\n<div class=\"t m0 x1a h4f y8f5 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse2\">and reinsu<span class=\"_ _2\"></span>rance contracts held)<span class=\"_ _2\"></span>\u00a0on its </span></div>\n<div class=\"t m0 x1a h4f y8f6 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated st<span class=\"_ _2b\"></span>atement of fin<span class=\"_ _0\"></span>ancial p<span class=\"_ _0\"></span>osition<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">from the<span class=\"_ _2\"></span>\u00a0earliest of:</span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8f7 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">The beginning of t<span class=\"_ _0\"></span>heir cover<span class=\"_ _0\"></span>age peri<span class=\"_ _0\"></span>od;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y8f8 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsfa\">The date when t<span class=\"_ _2b\"></span>he first payment<span class=\"_ _0\"></span>\u00a0from a <span class=\"_ _0\"></span>policyh<span class=\"_ _0\"></span>older in t<span class=\"_ _2b\"></span>he group </span></span></div>\n<div class=\"t m0 x6c h4f y8f9 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">becomes<span class=\"_ _0\"></span>\u00a0due, or, wh<span class=\"_ _0\"></span>en there is no d<span class=\"_ _2b\"></span>ue date, when the first p<span class=\"_ _2b\"></span>ayment</div>\n<div class=\"t m0 x6c h4f y8fa ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from the <span class=\"_ _2\"></span>policyholder is re<span class=\"_ _2\"></span>ceived; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8fb ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">W<span class=\"_ _2\"></span>hen facts and circ<span class=\"_ _2\"></span>ums<span class=\"lse0 wsf0\">tanc<span class=\"_ _0\"></span>es indicat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>that<span class=\"_ _0\"></span>\u00a0the group of<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce </span></span></span></div>\n<div class=\"t m0 x6c h4f y8fc ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts becom<span class=\"_ _2\"></span>es onerous.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8fd ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8fe ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rec<span class=\"_ _2b\"></span>ognises groups of<span class=\"_ _0\"></span>\u00a0investme<span class=\"_ _0\"></span>nt contrac<span class=\"_ _0\"></span>ts with <span class=\"wsef\">dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary </span></div>\n<div class=\"t m0 x1a h4f y8ff ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">on its cons<span class=\"_ _0\"></span>olidated st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>\u00a0of financi<span class=\"_ _2b\"></span>al position </span></div>\n<div class=\"t m0 x1a h4f y900 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">when Ageas becom<span class=\"_ _2\"></span>es party to the contract<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h55 y901 ff6f fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Measurement app<span class=\"_ _2\"></span>roaches<span class=\"ls0 ws0\">\u00a0\u00a0</span></div>\n<div class=\"t m0 x1a h4f y902 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas measure<span class=\"_ _2\"></span>s groups of in<span class=\"_ _2\"></span>surance contracts us<span class=\"_ _2\"></span>ing the following<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y903 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measurement app<span class=\"_ _2\"></span>roaches:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y904 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he General Measurem<span class=\"_ _2\"></span>ent Model (GMM), a<span class=\"_ _2\"></span>lso referred to a<span class=\"_ _2\"></span>s </span></span></div>\n<div class=\"t m0 x6c h4f y905 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Buildi<span class=\"_ _0\"></span>ng Block App<span class=\"_ _0\"></span>roach (BB<span class=\"_ _0\"></span>A);<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y906 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he Premium Allocat<span class=\"_ _2\"></span>ion Approach (PAA);<span class=\"_ _2\"></span>\u00a0and</span><span class=\"ff6d\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y907 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he Variabl<span class=\"lse0 wsf0\">e Fee Approa<span class=\"_ _0\"></span>ch (VFA).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 298px; height: 808px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">General Mea<span class=\"_ _2\"></span>surement Model <span class=\"ls0 ws0\">\u2013<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">initi<span class=\"_ _2b\"></span>al measurement<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under the <span class=\"lse0 wsf0\">General Meas<span class=\"_ _0\"></span>urement<span class=\"_ _0\"></span>\u00a0Model, gro<span class=\"_ _0\"></span>ups of insu<span class=\"_ _0\"></span>rance c<span class=\"_ _0\"></span>ontracts </span></div>\n<div class=\"t m0 x7 h4f y804 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">are<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">measured on init<span class=\"_ _2b\"></span>ial recognition a<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>the t<span class=\"_ _0\"></span>otal of:<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse0 wsfa\">The present v<span class=\"_ _0\"></span>alue of t<span class=\"_ _2b\"></span>heir estimate<span class=\"_ _0\"></span>d future c<span class=\"_ _2b\"></span>ash flows;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse2 ws103\">An<span class=\"_ _2\"></span>\u00a0explicit <span class=\"lse1 wsf0\">risk </span>adjustment<span class=\"_ _2\"></span>\u00a0for non</span><span class=\"ff72\">-<span class=\"lse2 wsfa\">financial ri<span class=\"_ _2\"></span>sk; and</span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y807 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse2 wsf1\">T<span class=\"_ _2\"></span>he </span><span class=\"ff72\">c<span class=\"lse2 wsf1\">ontractual<span class=\"_ _2\"></span>\u00a0</span>s<span class=\"lse1 wsf0\">ervice </span>m<span class=\"lse2 ws103\">argin<span class=\"_ _2\"></span>\u00a0(CSM), unless the contract is<span class=\"_ _2\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x43 h4f y808 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">onerous. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y809 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The sum of the presen<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsfa\">value of<span class=\"_ _0\"></span>\u00a0<span class=\"lse2 wsf1\">the </span>estimates<span class=\"_ _0\"></span>\u00a0of futu<span class=\"_ _0\"></span>re cash f<span class=\"_ _0\"></span>lows an<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the risk<span class=\"_ _2\"></span>\u00a0adjustment for non<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">financ<span class=\"_ _2b\"></span>ial risk is referred t<span class=\"_ _0\"></span>o as the fulfi<span class=\"_ _0\"></span>lment </span></span></div>\n<div class=\"t m0 x7 h4f y80c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>\u00a0of the grou<span class=\"_ _0\"></span>p of contract<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80d ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80e ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The esti<span class=\"_ _0\"></span>mates of f<span class=\"_ _2b\"></span>uture cash fl<span class=\"_ _0\"></span>ows incl<span class=\"_ _2b\"></span>uded in the meas<span class=\"_ _2b\"></span>urement of a</div>\n<div class=\"t m0 x7 h4f y80f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">group of co<span class=\"_ _0\"></span>ntracts ar<span class=\"_ _2b\"></span>e determined by the gui<span class=\"_ _2b\"></span>dance in IFRS 17 on</div>\n<div class=\"t m0 x7 h4f y810 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract bounda<span class=\"_ _2\"></span>ries. For some product group<span class=\"_ _2\"></span>s, the guidance on contract<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y90a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">boundaries und<span class=\"_ _2\"></span>er<span class=\"ls0 ws0\">\u00a0</span>IFRS 17 differs from the<span class=\"_ _2\"></span>\u00a0current practice under IFRS<span class=\"_ _2\"></span>\u00a04</div>\n<div class=\"t m0 x7 h4f y90b ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or the (<span class=\"_ _2\"></span>shorter) contract boun<span class=\"_ _2\"></span>daries applicable<span class=\"_ _2\"></span>\u00a0under Solvency I<span class=\"_ _2\"></span>I.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90c ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y90d ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The cash flow and<span class=\"_ _2\"></span>\u00a0valuation modelling methodol<span class=\"_ _2\"></span>ogy used <span class=\"wsf1\">under<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">IF<span class=\"_ _2\"></span>RS </span></span></span></div>\n<div class=\"t m0 x7 h4f y90e ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">17 is si<span class=\"_ _0\"></span>milar to t<span class=\"_ _2b\"></span>he models <span class=\"lse2\">Ageas uses<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf1\">under<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span>Solve<span class=\"_ _2b\"></span>ncy II. For the</div>\n<div class=\"t m0 x7 h4f y90f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span>s in scope of t<span class=\"_ _0\"></span>he G<span class=\"lse2 wsfa\">eneral Measuremen<span class=\"_ _2\"></span>t Model<span class=\"lse0\">, the fix<span class=\"_ _0\"></span>ed cash </span></span></div>\n<div class=\"t m0 x7 h4f y910 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">flows are<span class=\"_ _2\"></span>\u00a0modelled <span class=\"lse0\">on a </span><span class=\"wsf1\">contract<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">by</span>-<span class=\"lse0 wsef\">contract</span>\u00a0<span class=\"ls102 ws11d\">basis<span class=\"lsfc ws121\">. Ne<span class=\"_ _2\"></span>xt,</span></span>\u00a0</span>these </span></div>\n<div class=\"t m0 x7 h4f y911 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">projected <span class=\"_ _2\"></span>cash flows are g<span class=\"_ _2\"></span>rouped in meaningf<span class=\"_ _2\"></span>ul model points.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span><span class=\"lse0\">The c<span class=\"_ _2b\"></span>ash </span></div>\n<div class=\"t m0 x7 h4f y912 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows rel<span class=\"_ _0\"></span>ated to thes<span class=\"_ _0\"></span>e model poi<span class=\"_ _0\"></span>nts are stoc<span class=\"_ _2b\"></span>hastically pro<span class=\"_ _2b\"></span>jected to derive</div>\n<div class=\"t m0 x7 h4f y913 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the varia<span class=\"_ _0\"></span>ble cash fl<span class=\"_ _0\"></span>ows and the o<span class=\"_ _0\"></span>ption adj<span class=\"_ _0\"></span>usted val<span class=\"_ _0\"></span>ue (at total<span class=\"_ _0\"></span>\u00a0portfoli<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x7 h4f y914 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">level or for a<span class=\"_ _2\"></span>\u00a0group of new bu<span class=\"lse0 wsfa\">siness<span class=\"_ _0\"></span>). Both t<span class=\"_ _2b\"></span>he cash flows<span class=\"_ _0\"></span>\u00a0and val<span class=\"_ _0\"></span>uation </span></div>\n<div class=\"t m0 x7 h4f y915 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">captur<span class=\"_ _0\"></span>e the de<span class=\"_ _0\"></span>pendency<span class=\"_ _0\"></span>\u00a0to risk <span class=\"_ _0\"></span>neutral f<span class=\"_ _2b\"></span>inancial vari<span class=\"_ _2b\"></span>able movement<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y916 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(e.g. inte<span class=\"_ _2b\"></span>rest rates, share p<span class=\"_ _0\"></span>rice move<span class=\"_ _0\"></span>ments, rea<span class=\"_ _0\"></span>l estate v<span class=\"_ _0\"></span>aluatio<span class=\"_ _2b\"></span>n).</div>\n<div class=\"t m0 x7 h4f y917 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Finally<span class=\"_ _0\"></span>, the va<span class=\"_ _0\"></span>riable c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s are al<span class=\"_ _0\"></span>located t<span class=\"_ _2b\"></span>o the groups of<span class=\"_ _0\"></span>\u00a0contrac<span class=\"_ _0\"></span>ts</div>\n<div class=\"t m0 x7 h4f y918 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">re<span class=\"lse2 ws103\">cognised under IFRS 17<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y919 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y91a ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The met<span class=\"_ _0\"></span>hods an<span class=\"_ _0\"></span>d proces<span class=\"_ _0\"></span>ses use<span class=\"_ _0\"></span>d for th<span class=\"_ _0\"></span>e project<span class=\"_ _2b\"></span>ion and valuati<span class=\"_ _0\"></span>on <span class=\"lsf4 ws10c\">of </span></div>\n<div class=\"t m0 x7 h4f y91b ff72 fs3a fc14 sc0 lse1 ws104\" style=\"z-index: 15;\">cash flows <span class=\"lse2 wsfa\">are overseen an<span class=\"_ _2\"></span>d validated by the<span class=\"_ _2\"></span>\u00a0Model Control Boar<span class=\"_ _2\"></span>d of </span></div>\n<div class=\"t m0 x7 h4f y91c ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas. Any<span class=\"_ _2\"></span>\u00a0changes in the <span class=\"_ _2\"></span>methods and process<span class=\"_ _2\"></span>es for estimating <span class=\"_ _2\"></span>inputs</div>\n<div class=\"t m0 x7 h4f y91d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">used to m<span class=\"_ _2b\"></span>easure contrac<span class=\"_ _0\"></span>ts,<span class=\"ls0 ws0\">\u00a0</span>the re<span class=\"_ _0\"></span>ason f<span class=\"_ _0\"></span>or each c<span class=\"_ _0\"></span>hange,<span class=\"_ _0\"></span>\u00a0and the t<span class=\"_ _0\"></span>ype of</div>\n<div class=\"t m0 x7 h4f y91e ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>aff<span class=\"_ _0\"></span>ected ar<span class=\"_ _0\"></span>e docume<span class=\"_ _0\"></span>nted and val<span class=\"_ _0\"></span>idated.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91f ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y920 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The subsi<span class=\"_ _0\"></span>diaries of<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>Ageas<span class=\"_ _0\"></span>\u00a0will deter<span class=\"_ _2b\"></span>mine the present val<span class=\"_ _0\"></span>ue of <span class=\"lse2 wsf1\">the </span></div>\n<div class=\"t m0 x7 h4f y921 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es of future cash flo<span class=\"_ _0\"></span>ws using di<span class=\"_ _0\"></span>scount <span class=\"wsef\">cur<span class=\"_ _0\"></span>ves<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">that are det<span class=\"_ _2\"></span>ermined </span></span></span></div>\n<div class=\"t m0 x7 h4f y922 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using a top<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">down metho<span class=\"lse2 wsfa\">dology, aligning to th<span class=\"_ _2\"></span>e methodology used<span class=\"_ _2\"></span>\u00a0under </span></span></span></div>\n<div class=\"t m0 x7 h4f y923 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Solvency <span class=\"_ _2\"></span>II pillar 2.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y924 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y925 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The risk adju<span class=\"_ _2\"></span>stment for non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">financi<span class=\"_ _0\"></span>al risk ref<span class=\"_ _2b\"></span>lects the co<span class=\"_ _0\"></span>mpensat<span class=\"_ _0\"></span>ion that<span class=\"_ _0\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y926 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas req<span class=\"_ _0\"></span>uires fo<span class=\"_ _0\"></span>r bearing un<span class=\"_ _0\"></span>certai<span class=\"_ _0\"></span>nty about t<span class=\"_ _0\"></span>he amount an<span class=\"_ _0\"></span>d timing of</div>\n<div class=\"t m0 x7 h4f y927 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cash f<span class=\"_ _2b\"></span>lows of the gr<span class=\"_ _0\"></span>oup of ins<span class=\"_ _2b\"></span>urance c<span class=\"wsf0\">ontract<span class=\"_ _0\"></span>s that aris<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>fro<span class=\"_ _0\"></span>m non<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x7 h4f y928 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al risk. It c<span class=\"_ _0\"></span>overs ins<span class=\"_ _0\"></span>urance ris<span class=\"_ _2b\"></span>k and other non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">financial risks,<span class=\"_ _2\"></span>\u00a0such </span></span></div>\n<div class=\"t m0 x7 h4f y929 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as lapse and ex<span class=\"_ _2b\"></span>pense risk.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y92a ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y92b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The subsi<span class=\"_ _0\"></span>diaries of<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>Ageas<span class=\"_ _0\"></span>\u00a0will calc<span class=\"_ _0\"></span>ulate the ri<span class=\"_ _0\"></span>sk adjustm<span class=\"_ _2b\"></span>ent for non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y92c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al risk usi<span class=\"_ _0\"></span>ng a confide<span class=\"_ _0\"></span>nce level ap<span class=\"_ _0\"></span>proach,<span class=\"_ _0\"></span>\u00a0target<span class=\"_ _0\"></span>ing the 75</div>\n<div class=\"t m0 x75 h64 y92d ff72 fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">th</div>\n<div class=\"t m0 x215 h4f y92e ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y92f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">percent<span class=\"_ _0\"></span>ile. No gro<span class=\"_ _0\"></span>up divers<span class=\"_ _0\"></span>ificati<span class=\"_ _0\"></span>on effect<span class=\"_ _0\"></span>s are appl<span class=\"_ _0\"></span>ied. Subj<span class=\"_ _0\"></span>ect to</div>\n<div class=\"t m0 x1a h4f y930 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">appropri<span class=\"_ _2b\"></span>ate manageme<span class=\"_ _0\"></span>nt level a<span class=\"_ _2b\"></span>pproval, the ri<span class=\"_ _0\"></span>sk adjus<span class=\"_ _0\"></span>tment s<span class=\"_ _0\"></span>hould</div>\n<div class=\"t m0 x1a h4f y931 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">include an allow<span class=\"_ _2\"></span>ance to adequately reflect<span class=\"_ _2\"></span>\u00a0emerging risks and</div>\n<div class=\"t m0 x1a h4f y932 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ainties.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y933 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y934 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ls0 ws0\">c</span>on<span class=\"_ _2\"></span>tractual <span class=\"ls0 ws0\">s<span class=\"lse1 wsf0\">ervice <span class=\"_ _2\"></span></span>m<span class=\"lse0 wsef\">ar</span></span><span class=\"wsfa\">gin (</span>CSM<span class=\"ls0 ws0\">) </span><span class=\"wsfa\">rep<span class=\"_ _2\"></span>resents the unearne<span class=\"_ _2\"></span>d profit on </span></div>\n<div class=\"t m0 x1a h4f y935 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">a group o<span class=\"_ _2\"></span>f insurance cont<span class=\"_ _2\"></span>racts.<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">As a direct conseque<span class=\"_ _2\"></span>nce of the </span></div>\n<div class=\"t m0 x1a h4f y936 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion of <span class=\"wsfa\">a contract<span class=\"_ _0\"></span>ual serv<span class=\"_ _0\"></span>ice marg<span class=\"_ _2b\"></span>in<span class=\"wsf0\">, any day one gains in t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f y937 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fulfilm<span class=\"_ _2b\"></span>ent cash flows are def<span class=\"_ _0\"></span>erred. <span class=\"lse2 ws103\">Ageas will recognise th<span class=\"ls0 ws0\">e<span class=\"_ _2\"></span>\u00a0</span><span class=\"wsf1\">unearned </span></span></div>\n<div class=\"t m0 x1a h4f y938 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">profit <span class=\"lse2 wsf1\">on<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">a group o<span class=\"_ _2\"></span>f insurance contrac<span class=\"_ _2\"></span>ts <span class=\"ls102 ws129\">in its<span class=\"ls0 ws0\">\u00a0</span></span></span>consol<span class=\"_ _2\"></span>idated<span class=\"ls0 ws0\">\u00a0</span></span>income</div>\n<div class=\"t m0 x1a h4f y939 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt over the per<span class=\"_ _2b\"></span>iod that it prov<span class=\"_ _0\"></span>ides ins<span class=\"_ _2b\"></span>urance contra<span class=\"_ _0\"></span>ct serv<span class=\"_ _0\"></span>ices.</div>\n<div class=\"t m0 x1a h4f y93a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Weighted coverage<span class=\"_ _2\"></span>\u00a0units <span class=\"ls106 ws10c\">will be<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"wsfa\">used for multi<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>cover insurance </span></div>\n<div class=\"t m0 x1a h4f y93b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span>s, when rel<span class=\"_ _2b\"></span>evant to have a result p<span class=\"_ _0\"></span>rofile in l<span class=\"_ _0\"></span>ine with the n<span class=\"_ _0\"></span>ature of</div>\n<div class=\"t m0 x1a h4f y93c ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cont<span class=\"_ _0\"></span>ract. Ot<span class=\"_ _2b\"></span>herwise, the m<span class=\"_ _2b\"></span>ost relevant si<span class=\"_ _2b\"></span>ngle covera<span class=\"_ _0\"></span>ge unit <span class=\"ls106 ws115\">w<span class=\"_ _0\"></span>ill be<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y93d ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">used.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y93e ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y93f ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"wsfa\">contra<span class=\"_ _2\"></span>ctual service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">of a grou<span class=\"_ _0\"></span>p of insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cont<span class=\"_ _2b\"></span>racts can </span></span></span></div>\n<div class=\"t m0 x1a h4f y940 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">never b<span class=\"_ _0\"></span>e negativ<span class=\"_ _2b\"></span>e. In such a sit<span class=\"_ _0\"></span>uation,<span class=\"_ _2b\"></span>\u00a0the group of ins<span class=\"_ _2b\"></span>urance contr<span class=\"_ _2b\"></span>acts</div>\n<div class=\"t m0 x1a h4f y941 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is onerou<span class=\"_ _2\"></span>s (i.e. bein<span class=\"lse0 wsf0\">g in a loss positi<span class=\"_ _0\"></span>on), and any l<span class=\"_ _2b\"></span>oss is immediately<span class=\"_ _0\"></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y942 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y943 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">General Mea<span class=\"_ _2\"></span>surement Model <span class=\"ls0 ws0\">\u2013<span class=\"_ _2\"></span>\u00a0</span>subsequent measur<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y944 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The carry<span class=\"_ _2b\"></span>ing amount of a <span class=\"_ _2b\"></span>group of insur<span class=\"_ _0\"></span>ance co<span class=\"_ _0\"></span>ntracts <span class=\"_ _0\"></span>at a rep<span class=\"_ _0\"></span>orting</div>\n<div class=\"t m0 x1a h4f y945 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date is t<span class=\"_ _0\"></span>he sum of<span class=\"_ _0\"></span>\u00a0the lia<span class=\"_ _0\"></span>bility f<span class=\"_ _2b\"></span>or remaining c<span class=\"_ _0\"></span>o<span class=\"lse2\">verage, includi<span class=\"_ _2\"></span>ng any </span></div>\n<div class=\"t m0 x1a h4f y946 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>ual service mar<span class=\"_ _0\"></span>gin or loss co<span class=\"_ _0\"></span>mponent,<span class=\"_ _0\"></span>\u00a0and the liab<span class=\"_ _0\"></span>ility fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f y947 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d claims<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y948 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y949 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fulfil<span class=\"_ _2b\"></span>ment cash flows are r<span class=\"_ _0\"></span>emeasu<span class=\"_ _0\"></span>red at ever<span class=\"_ _0\"></span>y reporti<span class=\"_ _2b\"></span>ng period using</div>\n<div class=\"t m0 x1a h4f y94a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">current estima<span class=\"_ _2\"></span>tes of future cash flows, cur<span class=\"_ _2\"></span>rent discount rates and <span class=\"wsf1\">cur<span class=\"_ _2\"></span>rent </span></div>\n<div class=\"t m0 x1a h4f y94b ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es of the risk a<span class=\"_ _2b\"></span>djustment for n<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">financ<span class=\"_ _0\"></span>ial risks.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y94c ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y94d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In remeas<span class=\"_ _2b\"></span>uring the fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows <span class=\"lse2 ws103\">of the liability for rem<span class=\"_ _2\"></span>aining </span></div>\n<div class=\"t m0 x1a h4f y94e ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coverage <span class=\"_ _2\"></span><span class=\"ws103\">in subsequent reporting period<span class=\"_ _2\"></span>s, certain changes in the </span></div>\n<div class=\"t m0 x1a h4f y94f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fulfilm<span class=\"_ _2b\"></span>ent cash flows are adj<span class=\"_ _0\"></span>usted aga<span class=\"_ _0\"></span>inst the <span class=\"lse2 wsfa\">contractual service ma<span class=\"_ _2\"></span>rgin<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y950 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and will t<span class=\"_ _2b\"></span>herefore be rec<span class=\"_ _2b\"></span>ognised in th<span class=\"_ _0\"></span>e incom<span class=\"_ _2b\"></span>e statement ov<span class=\"_ _0\"></span>er the</div>\n<div class=\"t m0 x1a h4f y951 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>ng period d<span class=\"_ _2b\"></span>uring which Ageas pr<span class=\"_ _0\"></span>ovides i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contr<span class=\"lsf4 ws10c\">act </span></div>\n<div class=\"t m0 x1a h4f y952 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s. Inter<span class=\"_ _0\"></span>est for the pa<span class=\"_ _0\"></span>ssage of tim<span class=\"_ _0\"></span>e is accrete<span class=\"_ _0\"></span>d on the <span class=\"lse2 wsf1\">contractual </span></div>\n<div class=\"t m0 x1a h4f y953 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"lse0 wsf0\">, using d<span class=\"_ _2b\"></span>iscount rates at<span class=\"_ _0\"></span>\u00a0initial rec<span class=\"_ _0\"></span>ognitio<span class=\"_ _2b\"></span>n of <span class=\"_ _2\"></span>the </span></div>\n<div class=\"t m0 x1a h4f y954 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">contracts.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y955 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Premium Alloc<span class=\"_ _2\"></span>ation Approach<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y956 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>permits<span class=\"_ _0\"></span>\u00a0an entity<span class=\"_ _0\"></span>\u00a0to meas<span class=\"_ _2b\"></span>ure groups of i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e contracts th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x1a h4f y957 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">meet spec<span class=\"_ _0\"></span>ific con<span class=\"_ _0\"></span>ditions, suc<span class=\"_ _2b\"></span>h as insurance cont<span class=\"_ _0\"></span>racts tha<span class=\"_ _2b\"></span>t <span class=\"_ _2\"></span>have a</div>\n<div class=\"t m0 x1a h4f y958 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coverag<span class=\"_ _2b\"></span>e period of one year or le<span class=\"_ _0\"></span>ss, apply<span class=\"_ _2b\"></span>ing the simplified P<span class=\"_ _0\"></span>remium</div>\n<div class=\"t m0 x1a h4f y959 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Allocat<span class=\"_ _0\"></span>ion Appro<span class=\"_ _2b\"></span>ach (instead of the G<span class=\"lse2 wsfa\">eneral Measurement Model</span><span class=\"wsef\">).<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y95a ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y95b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In applyi<span class=\"_ _0\"></span>ng the <span class=\"lse2 wsfa\">Premium Allocation<span class=\"_ _2\"></span>\u00a0Approach<span class=\"ws103\">, Ageas </span></span><span class=\"wsef\">intends<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">to </span></span></span></div>\n<div class=\"t m0 x1a h4f y95c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>se any insu<span class=\"_ _0\"></span>rance acq<span class=\"_ _2b\"></span>uisition cash flow<span class=\"_ _0\"></span>s as an expens<span class=\"_ _0\"></span>e when it</div>\n<div class=\"t m0 x1a h4f y95d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">incurs t<span class=\"_ _0\"></span>hose cos<span class=\"_ _0\"></span>ts, prov<span class=\"_ _2b\"></span>ided that the <span class=\"_ _0\"></span>initial c<span class=\"_ _2b\"></span>overage peri<span class=\"_ _0\"></span>od at th<span class=\"_ _0\"></span>e initial</div>\n<div class=\"t m0 x1a h4f y95e ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion date of the groups of<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts is no mo<span class=\"_ _0\"></span>re than</div>\n<div class=\"t m0 x1a h4f y95f ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">one year. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 298px; height: 808px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Applying the <span class=\"wsfa\">Pre<span class=\"_ _2\"></span>mium Allocation Appro<span class=\"_ _2\"></span>ach<span class=\"lse0 wsf0\">, the li<span class=\"_ _0\"></span>ability for r<span class=\"_ _0\"></span>emaini<span class=\"_ _0\"></span>ng </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coverage <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">is<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"ws103\">initially recogn<span class=\"_ _2\"></span>ised as the premiums received a<span class=\"_ _2\"></span>t initial </span></div>\n<div class=\"t m0 x7 h4f y804 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>, if any. Subsequen<span class=\"_ _2\"></span>tly, the carrying amo<span class=\"_ _2\"></span>unt of the liabi<span class=\"_ _2\"></span>lity for</div>\n<div class=\"t m0 x7 h4f y805 ff77 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>n<span class=\"wsfa\">g cove<span class=\"_ _2b\"></span>rage is<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">measured as<span class=\"_ _2\"></span></span>\u00a0</span><span class=\"wsf0\">the car<span class=\"_ _0\"></span>rying amo<span class=\"_ _2b\"></span>unt at the start of </span></span></div>\n<div class=\"t m0 x7 h4f y806 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the repo<span class=\"_ _0\"></span>rting p<span class=\"_ _2b\"></span>eriod, plus the p<span class=\"_ _2b\"></span>remiums receiv<span class=\"_ _2b\"></span>ed in the period <span class=\"_ _2b\"></span>minus the</div>\n<div class=\"t m0 x7 h4f y807 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount r<span class=\"_ _2b\"></span>ecognised as <span class=\"_ _0\"></span>insuran<span class=\"_ _0\"></span>ce reve<span class=\"_ _2b\"></span>nue for covera<span class=\"_ _0\"></span>ge provi<span class=\"_ _0\"></span>ded in th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y808 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period, a<span class=\"_ _0\"></span>nd minus any<span class=\"_ _0\"></span>\u00a0investme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mponent<span class=\"_ _0\"></span>\u00a0paid or t<span class=\"lse2 ws103\">ransferred to the </span></div>\n<div class=\"t m0 x7 h4f y809 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liability<span class=\"_ _2\"></span>\u00a0for incurred claims. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80a ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80b ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If at any time<span class=\"_ _2\"></span>\u00a0before and during the coverage per<span class=\"_ _2\"></span>iod, facts and</div>\n<div class=\"t m0 x7 h4f y80c ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">circumstances<span class=\"_ _2\"></span>\u00a0indicate that a group of ins<span class=\"_ _2\"></span>urance contracts is onerous<span class=\"_ _2\"></span>,</div>\n<div class=\"t m0 x7 h4f y80d ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">then Ageas <span class=\"_ _2\"></span>recognises a lo<span class=\"_ _2\"></span>ss in the income<span class=\"_ _2\"></span>\u00a0statement and in<span class=\"_ _2\"></span>creases the<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80e ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y for re<span class=\"_ _0\"></span>maining <span class=\"_ _0\"></span>covera<span class=\"_ _2b\"></span>ge to the extent<span class=\"_ _2b\"></span>\u00a0that the curre<span class=\"_ _0\"></span>nt estim<span class=\"_ _2b\"></span>ates of</div>\n<div class=\"t m0 x7 h4f y80f ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the fulfi<span class=\"_ _2b\"></span>lment cash flo<span class=\"_ _2b\"></span>ws that relate t<span class=\"_ _2b\"></span>o remaining c<span class=\"_ _0\"></span>overag<span class=\"_ _0\"></span>e exceed t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y810 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amoun<span class=\"_ _2\"></span>t of the liability for remaini<span class=\"_ _2\"></span>ng coverage.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90a ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y90b ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The carryin<span class=\"_ _2\"></span>g amount of the<span class=\"_ _2\"></span>\u00a0liability for inc<span class=\"_ _2\"></span>urred<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">claims of a gr<span class=\"_ _2b\"></span>oup of </span></span></div>\n<div class=\"t m0 x7 h4f y90c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts meas<span class=\"_ _0\"></span>ured apply<span class=\"_ _2b\"></span>ing the Premium Al<span class=\"_ _2b\"></span>location</div>\n<div class=\"t m0 x7 h4f y90d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Approac<span class=\"_ _0\"></span>h includ<span class=\"_ _0\"></span>es the amou<span class=\"_ _0\"></span>nt of the risk<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">adjusted<span class=\"_ _2\"></span>\u00a0discounted fulfil<span class=\"_ _2\"></span>ment </span></span></div>\n<div class=\"t m0 x7 h4f y90e ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws, dis<span class=\"_ _0\"></span>counted <span class=\"_ _0\"></span>at curr<span class=\"_ _0\"></span>ent rate<span class=\"_ _2b\"></span>s, relating to t<span class=\"_ _2b\"></span>he incurred c<span class=\"_ _0\"></span>laims</div>\n<div class=\"t m0 x7 h4f y90f ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the e<span class=\"_ _0\"></span>xpenses<span class=\"_ _0\"></span>\u00a0that h<span class=\"_ _0\"></span>ave n<span class=\"wsf0\">ot yet b<span class=\"_ _2b\"></span>een paid.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y910 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y911 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas intend<span class=\"_ _2\"></span>s to apply the <span class=\"lse0 wsf0\">Premium Allocat<span class=\"_ _0\"></span>ion Appro<span class=\"_ _0\"></span>ach<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">for th<span class=\"_ _0\"></span>e largest<span class=\"_ _0\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y912 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">part of the eli<span class=\"_ _2b\"></span>gible groups of cont<span class=\"_ _2b\"></span>racts in its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-<span class=\"lse2 ws103\">li<span class=\"_ _2\"></span>fe and its reinsurance </span></span></div>\n<div class=\"t m0 x7 h4f y913 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business. Ag<span class=\"_ _2\"></span>eas intends to al<span class=\"_ _2\"></span>so apply the<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Pr<span class=\"_ _0\"></span>emium All<span class=\"_ _0\"></span>ocatio<span class=\"_ _0\"></span>n Approac<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y914 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for a limite<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>set of<span class=\"_ _0\"></span>\u00a0eligibl<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s in its <span class=\"ls0 ws0\">L</span>ife busin<span class=\"_ _2b\"></span>ess, for which the</div>\n<div class=\"t m0 x7 h4f y915 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risks can be re<span class=\"_ _2b\"></span>priced on an annua<span class=\"_ _0\"></span>l basis.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y962 ff79 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Variable Fe<span class=\"_ _2\"></span>e Approach<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y963 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>requires<span class=\"_ _0\"></span>\u00a0an ent<span class=\"_ _0\"></span>ity to me<span class=\"_ _2b\"></span>asure groups of<span class=\"_ _0\"></span>\u00a0insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts</div>\n<div class=\"t m0 x7 h4f y964 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">with direct par<span class=\"_ _2\"></span>ticipation features applyi<span class=\"_ _2\"></span>ng the<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">Variable Fe<span class=\"_ _2\"></span>e Approach </span></div>\n<div class=\"t m0 x7 h4f y965 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(inste<span class=\"_ _0\"></span>ad of the G<span class=\"lse2 wsfa\">eneral Measurement<span class=\"_ _2\"></span>\u00a0Model<span class=\"lsf4 ws10c\">). <span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y966 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y967 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"wsfa\">Gener<span class=\"_ _2\"></span>al Measurement Mode<span class=\"_ _2\"></span>l<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">and t<span class=\"_ _2b\"></span>he <span class=\"lse2\">Variab<span class=\"_ _2\"></span>le Fee Approach<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f y968 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">measure t<span class=\"_ _2b\"></span>he fulfilment<span class=\"_ _2b\"></span>\u00a0cash flows in t<span class=\"_ _2b\"></span>he same way. T<span class=\"_ _0\"></span>here is <span class=\"_ _0\"></span>however <span class=\"_ _2b\"></span>a</div>\n<div class=\"t m0 x7 h4f y969 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nce in the m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ent of the <span class=\"lse2 wsfa\">contractual service <span class=\"wsf1\">m<span class=\"_ _2\"></span>argin<span class=\"lsfd ws120\">. On </span></span></span></div>\n<div class=\"t m0 x7 h4f y96a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">initial rec<span class=\"_ _2b\"></span>ognition of a gro<span class=\"_ _0\"></span>up of insura<span class=\"_ _2b\"></span>nce contracts wit<span class=\"_ _0\"></span>h direct</div>\n<div class=\"t m0 x7 h4f y96b ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures, ther<span class=\"_ _0\"></span>e is no dif<span class=\"_ _2b\"></span>ference betw<span class=\"_ _0\"></span>een the <span class=\"_ _0\"></span><span class=\"lse2 wsf1\">contractual<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y96c ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">determined applying<span class=\"_ _2\"></span>\u00a0the General Measurement Model<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf1\">or </span></span></div>\n<div class=\"t m0 x7 h4f y96d ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"wsfa\">Variab<span class=\"_ _2\"></span>le Fee Approach. <span class=\"_ _2\"></span>In subsequent<span class=\"ls0 ws0\">\u00a0</span>repor<span class=\"_ _2\"></span>ting periods, the<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y96e ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contractual<span class=\"_ _2\"></span>\u00a0service margin<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">of a group of i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>h direct </span></div>\n<div class=\"t m0 x7 h4f y96f ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participation<span class=\"_ _2\"></span>\u00a0features, that is measured app<span class=\"_ _2\"></span>lying the Variable Fee</div>\n<div class=\"t m0 x7 h4f y970 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Approach<span class=\"lse0 wsf0\">, is adjusted wit<span class=\"_ _0\"></span>h the chang<span class=\"_ _0\"></span>es in disco<span class=\"_ _0\"></span>unt rates an<span class=\"_ _2b\"></span>d other </span></div>\n<div class=\"t m0 x7 h4f y971 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al vari<span class=\"_ _0\"></span>ables (i<span class=\"_ _0\"></span>n t<span class=\"wsf0\">he G</span><span class=\"lse2\">eneral Measurement M<span class=\"_ _2\"></span>odel<span class=\"ls0 ws0\">\u00a0</span></span>such c<span class=\"_ _0\"></span>hanges</div>\n<div class=\"t m0 x7 h4f y972 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are report<span class=\"_ _0\"></span>ed in the stat<span class=\"_ _2b\"></span>ement of compreh<span class=\"_ _2b\"></span>ensive income).<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y973 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y974 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Variabl<span class=\"_ _2\"></span>e Fee Approach<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">cannot be applied to g<span class=\"_ _2b\"></span>roups of Life </span></span></div>\n<div class=\"t m0 x7 h4f y975 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts wit<span class=\"_ _2b\"></span>h fully discret<span class=\"_ _2b\"></span>ionary profit<span class=\"_ _0\"></span>\u00a0sharin<span class=\"_ _0\"></span>g and to g<span class=\"_ _2b\"></span>roups</div>\n<div class=\"t m0 x7 h4f y976 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of reinsuran<span class=\"_ _2\"></span>ce contracts (bo<span class=\"_ _2\"></span>th reinsurance con<span class=\"_ _2\"></span>tracts held and is<span class=\"_ _2\"></span>sued).<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y977 ff79 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Modification<span class=\"_ _2\"></span>\u00a0and derecognition<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y978 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If the te<span class=\"_ _0\"></span>rms of a<span class=\"_ _0\"></span>n insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>ract are modif<span class=\"_ _0\"></span>ied in a s<span class=\"_ _2b\"></span>ubstantive w<span class=\"_ _0\"></span>ay,</div>\n<div class=\"t m0 x1a h4f y979 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas dere<span class=\"_ _2\"></span>cognise<span class=\"ls0 ws0\">s <span class=\"ls102 ws129\">the ini<span class=\"_ _2\"></span>tial</span>\u00a0</span><span class=\"lse0\">contrac<span class=\"_ _0\"></span>t and rec<span class=\"_ _2b\"></span>ognises the mo<span class=\"_ _2b\"></span>dified </span></div>\n<div class=\"t m0 x1a h4f y97a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span>\u00a0as a new contr<span class=\"_ _0\"></span>act, bas<span class=\"_ _0\"></span>ed<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">on speci<span class=\"_ _2\"></span>fic criteria.</span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y97b ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y97c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 req<span class=\"_ _0\"></span>uires that<span class=\"_ _0\"></span>\u00a0an insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>act is derec<span class=\"_ _2b\"></span>ognised when it is</div>\n<div class=\"t m0 x1a h4f y97d ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">extinguished.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y97e ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Recognit<span class=\"_ _2b\"></span>ion and presentat<span class=\"_ _2b\"></span>ion in the statemen<span class=\"_ _0\"></span>t of financ<span class=\"_ _0\"></span>ial posit<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y97f ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas will<span class=\"_ _2\"></span>\u00a0present separatel<span class=\"_ _2\"></span>y in its <span class=\"lse0 wsef\">consolidat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"wsf0\">st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>\u00a0of financi<span class=\"_ _0\"></span>al </span></span></div>\n<div class=\"t m0 x1a h4f y980 ff77 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">posi<span class=\"_ _2\"></span>ti<span class=\"lse0 wsfa\">on the c<span class=\"_ _2b\"></span>arrying amount<span class=\"_ _0\"></span>\u00a0of port<span class=\"_ _0\"></span>folios<span class=\"_ _2b\"></span>\u00a0of:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y981 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span>\u00a0issued t<span class=\"_ _0\"></span>hat are <span class=\"_ _0\"></span>assets;<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y982 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span>\u00a0issued t<span class=\"_ _0\"></span>hat are <span class=\"_ _0\"></span>liabilit<span class=\"_ _2b\"></span>ies;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y983 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse2 ws103\">R<span class=\"_ _2\"></span>einsurance contracts held<span class=\"_ _2\"></span>\u00a0that are assets; and</span><span class=\"ff77\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y984 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse2 wsf1\">R<span class=\"_ _2\"></span>einsurance</span><span class=\"ff77\">\u00a0<span class=\"lse0 wsfa\">contracts <span class=\"_ _2b\"></span>held that are l<span class=\"_ _0\"></span>iabilit<span class=\"_ _2b\"></span>ies.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 y985 ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Recognit<span class=\"_ _2b\"></span>ion and presentat<span class=\"_ _2b\"></span>ion in the income stat<span class=\"_ _2b\"></span>ement<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y986 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In its conso<span class=\"_ _0\"></span>lidated i<span class=\"_ _2b\"></span>ncome statement<span class=\"_ _0\"></span>, Ageas wi<span class=\"_ _0\"></span>ll present<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce</div>\n<div class=\"t m0 x1a h4f y987 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service <span class=\"_ _0\"></span>result<span class=\"_ _0\"></span>s (compri<span class=\"_ _2b\"></span>sing insuranc<span class=\"_ _0\"></span>e reven<span class=\"_ _0\"></span>ue less i<span class=\"_ _2b\"></span>nsurance serv<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x1a h4f y988 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _2b\"></span>) separately<span class=\"_ _0\"></span>\u00a0from ins<span class=\"_ _2b\"></span><span class=\"wsf0\">urance finance inc<span class=\"_ _2b\"></span>ome and expenses<span class=\"_ _0\"></span>. </span></div>\n<div class=\"t m0 x1a h4f y989 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The present<span class=\"_ _2\"></span>ation of insurance<span class=\"_ _2\"></span>\u00a0revenue and in<span class=\"_ _2\"></span>surance service expen<span class=\"_ _2\"></span>ses</div>\n<div class=\"t m0 x1a h4f y98a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is based on th<span class=\"_ _0\"></span>e concept of<span class=\"_ _0\"></span>\u00a0insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act servic<span class=\"_ _2b\"></span>es provided duri<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y98b ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the repor<span class=\"_ _2\"></span>ting period.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y98c ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y98d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment comp<span class=\"_ _0\"></span>onents, w<span class=\"_ _2b\"></span>hich are amounts th<span class=\"_ _0\"></span>at the policy<span class=\"_ _2b\"></span>h<span class=\"ls102 ws115\">old<span class=\"_ _2\"></span>er will </span></div>\n<div class=\"t m0 x1a h4f y98e ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">always recei<span class=\"_ _2\"></span>ve, regardless o<span class=\"_ _2\"></span>f whether an insured<span class=\"_ _2\"></span>\u00a0event happens, <span class=\"_ _2\"></span>will</div>\n<div class=\"t m0 x1a h4f y98f ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not be pres<span class=\"_ _0\"></span>ented in the<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsef\">co<span class=\"_ _2b\"></span>nsolidated<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">inco<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment but<span class=\"_ _0\"></span>\u00a0will be </span></span></div>\n<div class=\"t m0 x1a h4f y990 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed dir<span class=\"_ _0\"></span>ectly in t<span class=\"_ _2b\"></span>he <span class=\"lse2 wsf1\">consoli<span class=\"_ _2\"></span>dated </span>statem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _2b\"></span>nancial posit<span class=\"_ _0\"></span>ion.</div>\n<div class=\"t m0 x1a h4f y991 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">To deter<span class=\"_ _2b\"></span>mine whether <span class=\"_ _0\"></span>an insu<span class=\"_ _0\"></span>rance con<span class=\"lse2 ws103\">t<span class=\"_ _0\"></span>ract includes an i<span class=\"_ _2\"></span>nvestment </span></div>\n<div class=\"t m0 x1a h4f y992 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">component, Age<span class=\"_ _2\"></span>as assesses at i<span class=\"_ _2\"></span>nception <span class=\"lse0 wsf0\">of the cont<span class=\"_ _0\"></span>ract whet<span class=\"_ _0\"></span>her \u2018a </span></div>\n<div class=\"t m0 x1a h4f y993 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>\u00a0would <span class=\"_ _0\"></span>occur in a<span class=\"_ _0\"></span>ll circ<span class=\"_ _0\"></span>umstanc<span class=\"_ _0\"></span>es\u2019. To i<span class=\"_ _0\"></span>nclude <span class=\"_ _0\"></span>\u2018all</div>\n<div class=\"t m0 x1a h4f y994 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">circumst<span class=\"_ _2b\"></span>ances\u2019 in this<span class=\"_ _2b\"></span>\u00a0assessment, <span class=\"_ _0\"></span>all possi<span class=\"_ _2b\"></span>ble events th<span class=\"_ _0\"></span>at termi<span class=\"_ _0\"></span>nate th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y995 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contract and<span class=\"_ _2\"></span>\u00a0trigger a pos<span class=\"_ _2\"></span>si<span class=\"lse0\">ble <span class=\"_ _2b\"></span>payment to a pol<span class=\"_ _2b\"></span>icyholder are </span></div>\n<div class=\"t m0 x1a h4f y996 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>red. These possib<span class=\"_ _0\"></span>le events a<span class=\"_ _2b\"></span>re contract canc<span class=\"_ _0\"></span>ellatio<span class=\"_ _0\"></span>n by the</div>\n<div class=\"t m0 x1a h4f y997 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy<span class=\"_ _0\"></span>holder, mat<span class=\"_ _2b\"></span>urity and all insu<span class=\"_ _0\"></span>red events<span class=\"_ _0\"></span>\u00a0(e.g. deat<span class=\"_ _0\"></span>h or surviv<span class=\"_ _0\"></span>al).<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y998 ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce financ<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome and exp<span class=\"_ _0\"></span>enses<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y999 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under IF<span class=\"_ _0\"></span>RS 17, t<span class=\"_ _0\"></span>he fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s and <span class=\"lse2 wsf1\">the </span>contra<span class=\"_ _2b\"></span>ctual service</div>\n<div class=\"t m0 x1a h4f y99a ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">margin<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">are reported on a dis<span class=\"_ _0\"></span>counted ba<span class=\"_ _2b\"></span>sis, reflecting t<span class=\"_ _0\"></span>he timing of<span class=\"_ _0\"></span>\u00a0the </span></span></div>\n<div class=\"t m0 x1a h4f y99b ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>. IFRS 17 pe<span class=\"_ _2b\"></span>rmits an entity to pres<span class=\"_ _2b\"></span>ent the effects of ch<span class=\"_ _2b\"></span>anges</div>\n<div class=\"t m0 x1a h4f y99c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in discou<span class=\"_ _0\"></span>nt rates and ot<span class=\"_ _2b\"></span>her financial vari<span class=\"_ _2b\"></span>ables either in the inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x1a h4f y99d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt or partly<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _2b\"></span>ement and part<span class=\"_ _0\"></span>ly in ot<span class=\"_ _0\"></span>her </span></div>\n<div class=\"t m0 x1a h4f y99e ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">comprehensive in<span class=\"_ _2\"></span>come, depending on the entit<span class=\"_ _2\"></span>y\u2019s accounting policy</div>\n<div class=\"t m0 x1a h4f y99f ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">choice. A<span class=\"_ _0\"></span>geas int<span class=\"_ _0\"></span>ends to dis<span class=\"_ _0\"></span>aggregat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>the ef<span class=\"_ _0\"></span>fects of c<span class=\"_ _0\"></span>hanges i<span class=\"_ _0\"></span>n discount<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y9a0 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rates betw<span class=\"_ _2b\"></span>een the income stat<span class=\"_ _2b\"></span>ement and other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x1a h4f y9a1 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">for the l<span class=\"_ _0\"></span>argest p<span class=\"_ _2b\"></span>art of its insur<span class=\"_ _2b\"></span>ance portfoli<span class=\"_ _2b\"></span>os.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 330px; height: 776px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 330px; height: 776px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 330px; height: 776px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 330px; height: 776px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 330px; height: 776px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under the Ge<span class=\"_ _2\"></span>neral Measurement<span class=\"_ _2\"></span>\u00a0Model, disaggregation<span class=\"_ _2\"></span>\u00a0means</div>\n<div class=\"t m0 x7 h4f y803 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">presenting in<span class=\"_ _2\"></span>\u00a0the income statement an amount de<span class=\"_ _2\"></span>termined by a</div>\n<div class=\"t m0 x7 h4f y804 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">system<span class=\"_ _0\"></span>atic all<span class=\"_ _0\"></span>ocation <span class=\"_ _0\"></span>of the <span class=\"_ _0\"></span>expecte<span class=\"_ _0\"></span>d total f<span class=\"_ _0\"></span>inance i<span class=\"_ _2b\"></span>ncome <span class=\"wsf0\">or expen<span class=\"_ _0\"></span>ses </span></div>\n<div class=\"t m0 x7 h4f y805 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">over the d<span class=\"_ _2\"></span>uration of the gro<span class=\"_ _2\"></span>up of insurance<span class=\"_ _2\"></span>\u00a0contracts. On derecog<span class=\"_ _2\"></span>nition</div>\n<div class=\"t m0 x7 h4f y806 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the g<span class=\"_ _0\"></span>roup, am<span class=\"_ _0\"></span>ounts re<span class=\"_ _2b\"></span>maining in ot<span class=\"_ _0\"></span>her comp<span class=\"_ _0\"></span>rehens<span class=\"_ _0\"></span>ive inco<span class=\"_ _2b\"></span>me are</div>\n<div class=\"t m0 x7 h4f y807 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reclass<span class=\"_ _0\"></span>ified t<span class=\"_ _0\"></span>o the inc<span class=\"_ _2b\"></span>ome statement.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y808 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y809 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under the <span class=\"wsfa\">Variabl<span class=\"_ _2\"></span>e Fee Approach<span class=\"lse0 wsf0\">, only where the enti<span class=\"_ _0\"></span>ty holds the </span></span></div>\n<div class=\"t m0 x7 h4f y80a ff7c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">un<span class=\"lse2 ws103\">derlying items, dis<span class=\"_ _2\"></span>aggregation means presenting<span class=\"_ _2\"></span>\u00a0in the income </span></div>\n<div class=\"t m0 x7 h4f y80b ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt as insuranc<span class=\"_ _0\"></span>e financ<span class=\"_ _2b\"></span>e income or exp<span class=\"_ _0\"></span>enses a<span class=\"_ _0\"></span>n amoun<span class=\"_ _0\"></span>t that</div>\n<div class=\"t m0 x7 h4f y80c ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e accounting mism<span class=\"_ _2b\"></span>atches with the fin<span class=\"_ _2b\"></span>ance income or</div>\n<div class=\"t m0 x7 h4f y80d ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span>\u00a0arisi<span class=\"_ _0\"></span>ng on the <span class=\"_ _0\"></span>underly<span class=\"_ _0\"></span>ing ite<span class=\"_ _0\"></span>ms. On d<span class=\"_ _0\"></span>erecog<span class=\"_ _0\"></span>nition,<span class=\"_ _0\"></span>\u00a0the</div>\n<div class=\"t m0 x7 h4f y80e ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">a<span class=\"lse0 wsf0\">mounts prev<span class=\"_ _0\"></span>iously<span class=\"_ _0\"></span>\u00a0recognis<span class=\"_ _0\"></span>ed in other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _2b\"></span>ive income rem<span class=\"_ _0\"></span>ain </span></div>\n<div class=\"t m0 x7 h4f y80f ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">there.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y885 ff7e fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impact asse<span class=\"_ _2\"></span>ssment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y886 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The estim<span class=\"_ _2b\"></span>ated impact of the ado<span class=\"_ _0\"></span>ption of IF<span class=\"_ _0\"></span>RS 17 by the su<span class=\"_ _0\"></span>bsidiar<span class=\"_ _0\"></span>ies of</div>\n<div class=\"t m0 x7 h4f y8cf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas at th<span class=\"_ _0\"></span>e transi<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. 1 Janua<span class=\"_ _0\"></span>ry 2022) is c<span class=\"_ _0\"></span>larified <span class=\"wsfa\">i<span class=\"_ _2b\"></span>n section </span></div>\n<div class=\"t m0 x7 h4f y8d0 ff7c fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">D. <span class=\"lse2 wsf1\">below.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y889 ff7c fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">D.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1b8\">\u00a0</span><span class=\"lse0 wsf0\">Estimated i<span class=\"_ _0\"></span>mpact of<span class=\"_ _0\"></span>\u00a0the adoption<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 on<span class=\"_ _0\"></span>\u00a01 </span></span></div>\n<div class=\"t m0 x217 h4f y88a ff7c fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9a4 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">All subs<span class=\"_ _0\"></span>idiarie<span class=\"_ _2b\"></span>s of Ageas have m<span class=\"_ _2b\"></span>aterially fin<span class=\"_ _0\"></span>alised t<span class=\"_ _2b\"></span>heir opening <span class=\"_ _0\"></span>balance</div>\n<div class=\"t m0 x7 h4f y9a5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sheet un<span class=\"_ _0\"></span>der IFRS 9 <span class=\"lse2 wsf1\">and<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">IFRS 17 on 1 January 2022<span class=\"_ _2\"></span>\u00a0and perform </span></span></div>\n<div class=\"t m0 x7 h4f y9a6 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">parallel ru<span class=\"_ _2\"></span>ns for the annual<span class=\"_ _2\"></span>\u00a0reporting period 20<span class=\"_ _2\"></span>22<span class=\"ls102 ws115\">. While the<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9a7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impleme<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n preparat<span class=\"_ _0\"></span>ions wit<span class=\"_ _0\"></span>hin the Asi<span class=\"_ _0\"></span>an and Turk<span class=\"_ _0\"></span>ish assoc<span class=\"_ _0\"></span>iates of</div>\n<div class=\"t m0 x7 h4f y9a8 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas st<span class=\"_ _0\"></span>arted l<span class=\"_ _0\"></span>ater (fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g local r<span class=\"_ _0\"></span>egulati<span class=\"_ _2b\"></span>on and guidel<span class=\"_ _0\"></span>ines), t<span class=\"_ _0\"></span>he most</div>\n<div class=\"t m0 x7 h4f y9a9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">signifi<span class=\"_ _0\"></span>cant assoc<span class=\"_ _2b\"></span>iates are progres<span class=\"_ _0\"></span>sing well t<span class=\"_ _0\"></span>o comply wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y9aa ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of 1 Janu<span class=\"_ _0\"></span>ary 2023.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9ab ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9ac ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"lse0 wsfa\">geas gave c<span class=\"_ _2b\"></span>areful conside<span class=\"_ _2b\"></span>ration to the d<span class=\"_ _2b\"></span>isclosure req<span class=\"_ _2b\"></span>uirements in I<span class=\"_ _0\"></span>AS </span></div>\n<div class=\"t m0 x7 h4f y9ad ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">8 \u2018Account<span class=\"_ _0\"></span>ing poli<span class=\"_ _0\"></span>cies, cha<span class=\"_ _2b\"></span>nges in accountin<span class=\"_ _0\"></span>g estimat<span class=\"_ _2b\"></span>es and errors\u2019 (to</div>\n<div class=\"t m0 x7 h4f y9ae ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>e known or reas<span class=\"_ _2b\"></span>onabl<span class=\"ls0 ws0\">y </span>estimable inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n relevant to asses<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y9af ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the poss<span class=\"_ _0\"></span>ible im<span class=\"_ _0\"></span>pact th<span class=\"_ _0\"></span>at the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _0\"></span>ion of <span class=\"wsf0\">a n<span class=\"_ _0\"></span>ew IFRS stan<span class=\"_ _0\"></span>dard will </span></div>\n<div class=\"t m0 x7 h4f y9b0 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have on the ent<span class=\"_ _0\"></span>ity\u2019s fi<span class=\"_ _0\"></span>nancial st<span class=\"_ _2b\"></span>atements in the peri<span class=\"_ _0\"></span>od of initi<span class=\"_ _2b\"></span>al</div>\n<div class=\"t m0 x7 h4f y9b1 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">application)<span class=\"_ _2\"></span>\u00a0and <span class=\"lsfc ws115\">to<span class=\"ls0 ws0\">\u00a0</span></span>the <span class=\"_ _2\"></span>ESMA Public Statemen<span class=\"_ _2\"></span>t on \u2018Transparen<span class=\"_ _2\"></span>cy on</div>\n<div class=\"t m0 x7 h4f y9b2 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">implementation<span class=\"_ _2\"></span>\u00a0of IFRS 17 insurance contracts\u2019<span class=\"_ _2\"></span>, considering the</div>\n<div class=\"t m0 x7 h4f y9b3 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impleme<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n status wit<span class=\"_ _2b\"></span>hin its subsidiari<span class=\"_ _2b\"></span>es and associates<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9b4 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9b5 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The paragraph<span class=\"_ _2\"></span>s below clarify the impact of the<span class=\"_ _2\"></span>\u00a0adoption of IFRS 9 &amp;</div>\n<div class=\"t m0 x7 h4f y9b6 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>by the s<span class=\"_ _0\"></span>ubsidia<span class=\"_ _0\"></span>ries of A<span class=\"_ _2b\"></span>geas at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date (<span class=\"_ _0\"></span>i.e. 1</div>\n<div class=\"t m0 x7 h4f y9b7 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2022)<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9b8 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9b9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Althoug<span class=\"_ _0\"></span>h Ageas ack<span class=\"_ _0\"></span>nowled<span class=\"_ _0\"></span>ges that pr<span class=\"_ _0\"></span>esenti<span class=\"_ _0\"></span>ng quantit<span class=\"_ _2b\"></span>ative informati<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x7 h4f y9ba ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">on its sub<span class=\"_ _2\"></span>sidiaries only pr<span class=\"_ _2\"></span>ovides a partial <span class=\"_ _2\"></span>view of the estima<span class=\"_ _2\"></span>ted</div>\n<div class=\"t m0 x7 h4f y9bb ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated i<span class=\"_ _0\"></span>mpact of <span class=\"_ _0\"></span>adoptin<span class=\"_ _2b\"></span>g IFRS 9 &amp; IFRS <span class=\"_ _0\"></span>17, it c<span class=\"_ _0\"></span>onclude<span class=\"_ _0\"></span>d that</div>\n<div class=\"t m0 x7 h4f y8d4 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span>ing qua<span class=\"_ _0\"></span>ntitati<span class=\"_ _0\"></span>ve infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n on the i<span class=\"_ _0\"></span>mpleme<span class=\"_ _0\"></span>ntation<span class=\"_ _0\"></span>\u00a0of IFRS 9 <span class=\"_ _0\"></span>&amp;</div>\n<div class=\"t m0 x7 h4f y8d5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 by its as<span class=\"_ _0\"></span>sociat<span class=\"_ _0\"></span>es would cu<span class=\"_ _0\"></span>rrently<span class=\"_ _0\"></span>\u00a0not be in line wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x7 h4f y8d6 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ure requi<span class=\"_ _0\"></span>rements i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>IAS 8. A<span class=\"_ _2b\"></span>geas intends to pre<span class=\"_ _0\"></span>sent the im<span class=\"_ _2b\"></span>pact of</div>\n<div class=\"t m0 x7 h4f y8d7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adoptin<span class=\"_ _0\"></span>g IFRS 9 &amp; IFRS 17 at<span class=\"_ _0\"></span>\u00a0the tran<span class=\"_ _0\"></span>sition dat<span class=\"_ _0\"></span>e by both its sub<span class=\"_ _0\"></span>sidiari<span class=\"_ _2b\"></span>es</div>\n<div class=\"t m0 x1a h4f y8d8 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and its ass<span class=\"_ _0\"></span>ociates du<span class=\"_ _0\"></span>ring a sepa<span class=\"_ _0\"></span>rate inves<span class=\"_ _0\"></span>tor relat<span class=\"_ _2b\"></span>ions presentat<span class=\"_ _0\"></span>ion mid<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y8d9 ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2023. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9bc ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9bd ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas does also<span class=\"_ _2\"></span>\u00a0not present estimates of the im<span class=\"_ _2\"></span>pacts on 30 June 2022</div>\n<div class=\"t m0 x1a h4f y9be ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or on 31 Decem<span class=\"_ _2b\"></span>ber 2022, as these est<span class=\"_ _0\"></span>imates ar<span class=\"_ _0\"></span>e currentl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>not y<span class=\"_ _0\"></span>et</div>\n<div class=\"t m0 x1a h4f y9bf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reason<span class=\"_ _0\"></span>ably relia<span class=\"_ _0\"></span>ble or know<span class=\"_ _0\"></span>n. The impac<span class=\"_ _0\"></span>ts on the cons<span class=\"_ _2b\"></span>olidated</div>\n<div class=\"t m0 x1a h4f y9c0 ff7c fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">state<span class=\"lse2 wsfa\">ment of fina<span class=\"_ _2\"></span>ncial position and<span class=\"_ _2\"></span>\u00a0on the consolidat<span class=\"_ _2\"></span>ed income </span></div>\n<div class=\"t m0 x1a h4f y9c1 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt at those dates wil<span class=\"_ _0\"></span>l be presente<span class=\"_ _0\"></span>d in the <span class=\"ls0 ws0\">i</span><span class=\"wsef\">nterim <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial </span></span></span></div>\n<div class=\"t m0 x1a h4f y97e ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsf0\">tatements or t<span class=\"_ _0\"></span>he <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolidat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f</span>inanc<span class=\"_ _2b\"></span>ial <span class=\"ls0 ws0\">s<span class=\"_ _2\"></span></span><span class=\"wsf0\">tate<span class=\"_ _0\"></span>ments of 20<span class=\"_ _2b\"></span>23.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y97f ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y980 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Compared to the am<span class=\"_ _2\"></span>ounts recognised in the con<span class=\"_ _2\"></span>solidated statement of</div>\n<div class=\"t m0 x1a h4f y981 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">financial p<span class=\"_ _2\"></span>osition of Ageas on<span class=\"_ _2\"></span>\u00a01 January 2022 a<span class=\"_ _2\"></span>pplying the standar<span class=\"_ _2\"></span>ds</div>\n<div class=\"t m0 x1a h4f y982 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 39 &amp; IFRS 4,<span class=\"_ _0\"></span>\u00a0the adopt<span class=\"_ _0\"></span>ion of IFRS 9 &amp; IFR<span class=\"_ _2b\"></span>S 17 within the</div>\n<div class=\"t m0 x1a h4f y983 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiaries <span class=\"_ _2\"></span>of Ageas resulted<span class=\"_ _2\"></span>\u00a0in:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y984 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse2 wsf1\">An<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">increas<span class=\"_ _2b\"></span>e in the total assets;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y9c2 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse0 wsf0\">An increase in the tot<span class=\"_ _2b\"></span>al liabilities; an<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9c3 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0decrease</span><span class=\"ff7c\">\u00a0<span class=\"lsfc ws121\">in<span class=\"_ _2\"></span>\u00a0to<span class=\"lse2 ws103\">tal equity.</span></span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9c4 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9c5 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The main <span class=\"_ _0\"></span>impacts<span class=\"_ _0\"></span>\u00a0of the a<span class=\"_ _0\"></span>doption <span class=\"_ _0\"></span>of IFR<span class=\"_ _0\"></span>S 9 &amp; IFRS <span class=\"_ _2b\"></span>17 on the</div>\n<div class=\"t m0 x1a h4f y9c6 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidated s<span class=\"_ _2\"></span>tatement of financial po<span class=\"_ _2\"></span>sition of Ageas on 1 January 2022<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y9c7 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(also ref<span class=\"_ _2b\"></span>erred to as <span class=\"ls0 ws0\">\u2018</span><span class=\"wsf0\">open<span class=\"_ _0\"></span>ing balanc<span class=\"_ _2b\"></span>e sheet<span class=\"ls0 ws0\">\u2019<span class=\"lse2 ws103\">) are fur<span class=\"_ _2\"></span>ther clarified below.</span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y98b ff7e fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>ed impact on assets<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y98c ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The incre<span class=\"lse0 wsf0\">ase in total ass<span class=\"_ _0\"></span>ets mainl<span class=\"_ _0\"></span>y relates<span class=\"_ _0\"></span>\u00a0to the appli<span class=\"_ _0\"></span>cation of the </span></div>\n<div class=\"t m0 x1a h4f y98d ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _2b\"></span>RS 9 on classificati<span class=\"_ _2b\"></span>on &amp; measurement<span class=\"_ _0\"></span>. Compar<span class=\"_ _0\"></span>ed to</div>\n<div class=\"t m0 x1a h4f y98e ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 39, a lar<span class=\"_ _0\"></span>ger part of <span class=\"lse2 wsf1\">Ageas's </span>invest<span class=\"_ _0\"></span>ments in fi<span class=\"_ _0\"></span>nancial i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y98f ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r value u<span class=\"_ _0\"></span>nder IFR<span class=\"_ _2b\"></span>S 9.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y990 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y991 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under IA<span class=\"_ _2b\"></span>S 39, Ageas cla<span class=\"_ _0\"></span>ssified<span class=\"_ _2b\"></span>\u00a0a part of its inv<span class=\"_ _2b\"></span>estments in de<span class=\"_ _0\"></span>bt</div>\n<div class=\"t m0 x1a h4f y992 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span>\u00a0as \u2018held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>maturity\u2019 or \u2018<span class=\"_ _2\"></span>loans and receivables<span class=\"_ _2\"></span>\u2019 and</div>\n<div class=\"t m0 x1a h4f y993 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consequ<span class=\"_ _2b\"></span>ently measured th<span class=\"_ _0\"></span>ose invest<span class=\"_ _2b\"></span>ments at amortise<span class=\"_ _0\"></span>d cost. Foll<span class=\"_ _2b\"></span>owing</div>\n<div class=\"t m0 x1a h4f y994 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the outcome of<span class=\"_ _2\"></span>\u00a0the<span class=\"ls0 ws0\">\u00a0</span>business model asse<span class=\"_ _2\"></span>ssment under IFRS 9, <span class=\"wsf1\">and </span></div>\n<div class=\"t m0 x1a h4f y995 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">because t<span class=\"_ _2b\"></span>hose instrum<span class=\"_ _0\"></span>ents pas<span class=\"_ _0\"></span>s the \u2018<span class=\"_ _0\"></span>solely pa<span class=\"_ _0\"></span>yments <span class=\"_ _2b\"></span>of principal a<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x1a h4f y996 ff7c fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">interest\u2019 test, <span class=\"lse2 wsfa\">a large <span class=\"_ _2\"></span>part of these inv<span class=\"_ _2\"></span>estments <span class=\"ls106 ws124\">is</span></span><span class=\"ls0\">\u00a0<span class=\"lse2 ws103\">measured<span class=\"_ _2\"></span>\u00a0at fair value </span></span></div>\n<div class=\"t m0 x1a h4f y997 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through o<span class=\"_ _2\"></span>ther comprehensive inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\">\u00a0</span>under IFRS 9<span class=\"lse0 wsf0\">. At the transition<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9c8 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date, the c<span class=\"_ _0\"></span>umulativ<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>unr<span class=\"_ _2b\"></span>ealised gain or loss s<span class=\"_ _0\"></span>ince the i<span class=\"_ _0\"></span>nitial rec<span class=\"_ _2b\"></span>ognition</div>\n<div class=\"t m0 x1a h4f y9c9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of thos<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ments <span class=\"lse2 wsfa\">has been<span class=\"ls0 ws0\">\u00a0</span>recognise<span class=\"_ _2\"></span>d in other comprehen<span class=\"_ _2\"></span>sive </span></div>\n<div class=\"t m0 x1a h4f y9ca ff7c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">income.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9cb ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9cc ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A part of <span class=\"lse2 wsf1\">Ageas's </span>investme<span class=\"_ _0\"></span>nts in debt<span class=\"_ _0\"></span>\u00a0instrume<span class=\"_ _0\"></span>nts, mainl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in</div>\n<div class=\"t m0 x1a h4f y9cd ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unquoted inv<span class=\"_ _2\"></span>estment funds or <span class=\"_ _2\"></span><span class=\"ws103\">exchange traded funds, do no<span class=\"_ _2\"></span>t pass the </span></div>\n<div class=\"t m0 x1a h4f y9ce ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">\u2018solely<span class=\"_ _0\"></span>\u00a0payments<span class=\"_ _2b\"></span>\u00a0of principal a<span class=\"_ _2b\"></span>nd interest\u2019 te<span class=\"_ _0\"></span>st unde<span class=\"_ _0\"></span>r IFRS 9.<span class=\"_ _0\"></span>\u00a0At the</div>\n<div class=\"t m0 x1a h4f y9cf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on date, Ageas <span class=\"lse2 wsf1\">has<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"wsfa\">mandat<span class=\"_ _0\"></span>orily rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span><span class=\"lse2 wsf1\">ied<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">and measure</span>d <span class=\"lse0 wsef\">those </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y9d0 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents at fair val<span class=\"_ _2b\"></span>ue through prof<span class=\"_ _2b\"></span>it or loss, whi<span class=\"_ _2b\"></span>le those invest<span class=\"_ _2b\"></span>ments</div>\n<div class=\"t m0 x1a h4f y9d1 ff7c fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">we<span class=\"lse0 wsfa\">re me<span class=\"_ _0\"></span>asured at<span class=\"_ _0\"></span>\u00a0amortis<span class=\"_ _2b\"></span>ed cost or at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh other </span></div>\n<div class=\"t m0 x1a h4f y9d2 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income und<span class=\"_ _0\"></span>er IAS 39.<span class=\"_ _0\"></span>\u00a0Furthermo<span class=\"_ _2b\"></span>re, Ageas designat<span class=\"_ _2b\"></span>ed at</div>\n<div class=\"t m0 x1a h4f y9d3 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the transit<span class=\"_ _2b\"></span>ion date some inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in debt inst<span class=\"_ _2b\"></span>ruments, that cov<span class=\"_ _2b\"></span>er</div>\n<div class=\"t m0 x1a h4f y9d4 ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked cont<span class=\"_ _0\"></span>racts,<span class=\"_ _0\"></span>\u00a0as measu<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh p<span class=\"wsf0\">rofit<span class=\"_ _0\"></span>\u00a0or loss, </span></span></span></div>\n<div class=\"t m0 x1a h4f y9d5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because s<span class=\"_ _0\"></span>uch design<span class=\"_ _2b\"></span>ation reduces mea<span class=\"_ _2b\"></span>surement incons<span class=\"_ _2b\"></span>istencies or</div>\n<div class=\"t m0 x1a h4f y9d6 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mism<span class=\"_ _2b\"></span>atches with t<span class=\"_ _0\"></span>he measu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span>\u00a0the co<span class=\"_ _2b\"></span>rresponding</div>\n<div class=\"t m0 x1a h4f y9d7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce or invest<span class=\"_ _2b\"></span>ment contract lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 298px; height: 808px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of the \u2018expected cr<span class=\"_ _0\"></span>e<span class=\"ls106 ws10c\">dit loss\u2019 m<span class=\"_ _0\"></span>odel <span class=\"lse0 wsfa\">in IFR<span class=\"_ _0\"></span>S 9 <span class=\"lse2 wsf1\">resulted<span class=\"lsf4 ws114\">, at </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the tra<span class=\"_ _0\"></span>nsition d<span class=\"_ _2b\"></span>ate, in the rec<span class=\"_ _0\"></span>ognitio<span class=\"_ _2b\"></span>n of a loss allo<span class=\"_ _0\"></span>wance f<span class=\"_ _0\"></span>or expect<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f y804 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit losses on<span class=\"_ _2\"></span>\u00a0<span class=\"wsf1\">Ageas's <span class=\"lse0 wsfa\">investm<span class=\"_ _0\"></span>ents in d<span class=\"_ _0\"></span>ebt inst<span class=\"_ _0\"></span>ruments<span class=\"_ _0\"></span>\u00a0that is </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">marginally h<span class=\"_ _2\"></span>igher<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">than the amou<span class=\"_ _2b\"></span>nt of impairments<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">that Agea<span class=\"_ _2\"></span>s</span>\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised u<span class=\"_ _2\"></span>nder IA<span class=\"ws103\">S 39 for the<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span></span><span class=\"lsfb\">same<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">instrume<span class=\"_ _0\"></span>nts. Th<span class=\"_ _0\"></span>is follow<span class=\"_ _0\"></span>s from t<span class=\"_ _2b\"></span>he </span></span></div>\n<div class=\"t m0 x7 h4f y807 ff81 fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">fact that the majority of <span class=\"lse2 wsf1\">Ageas's <span class=\"lse0 wsf0\">investments i<span class=\"_ _0\"></span>n debt instr<span class=\"_ _0\"></span>uments ar<span class=\"_ _0\"></span>e </span></span></div>\n<div class=\"t m0 x7 h4f y808 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">\u2018invest<span class=\"_ _0\"></span>ment gra<span class=\"_ _0\"></span>de\u2019 (i.e. ha<span class=\"_ _0\"></span>ving a credit<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>risk<span class=\"_ _0\"></span>\u00a0rating of Baa<span class=\"_ _2b\"></span>3 or BBB<span class=\"ls0 ws0\">- <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">or </span></span></div>\n<div class=\"t m0 x7 h4f y809 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">above) an<span class=\"_ _0\"></span>d are conseq<span class=\"_ _2b\"></span>uently not chara<span class=\"_ _0\"></span>cteris<span class=\"_ _0\"></span>ed by a <span class=\"wsfa\">signif<span class=\"_ _0\"></span>icant i<span class=\"_ _0\"></span>ncrease </span></div>\n<div class=\"t m0 x7 h4f y80a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in credit ri<span class=\"_ _0\"></span>sk since the<span class=\"_ _0\"></span>ir initial<span class=\"_ _0\"></span>\u00a0recogni<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. class<span class=\"_ _2b\"></span>ified in Stage 1).</div>\n<div class=\"t m0 x7 h4f y80b ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For those i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nts, Ageas recogn<span class=\"_ _0\"></span>ise<span class=\"ls0 ws0\">s </span><span class=\"wsfa\">a loss al<span class=\"_ _0\"></span>lowance f<span class=\"_ _2b\"></span>or expected </span></div>\n<div class=\"t m0 x7 h4f y80c ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit losses a<span class=\"_ _2\"></span>t an amount equal to 12<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">month expect<span class=\"_ _0\"></span>ed credit los<span class=\"_ _0\"></span>ses.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y80d ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80e ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under IAS 39<span class=\"_ _2\"></span>,<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">Ageas classifie<span class=\"_ _2\"></span>d the largest part of its investme<span class=\"_ _2\"></span>nts in </span></div>\n<div class=\"t m0 x7 h4f y80f ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity ins<span class=\"_ _2b\"></span>truments as \u2018avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">for</span>-<span class=\"lse2 ws103\">sale\u2019 and consequen<span class=\"_ _2\"></span>tly measured </span></span></div>\n<div class=\"t m0 x7 h4f y810 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">those i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throug<span class=\"_ _0\"></span>h other c<span class=\"_ _2b\"></span>omprehensive i<span class=\"_ _0\"></span>ncome.</div>\n<div class=\"t m0 x7 h4f y90a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Adoptin<span class=\"_ _0\"></span>g IFRS 9, Age<span class=\"_ _2b\"></span>as decided to conti<span class=\"_ _2b\"></span>nue to measure the l<span class=\"_ _0\"></span>argest part<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y90b ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of its inv<span class=\"_ _2b\"></span>estments in eq<span class=\"_ _2b\"></span>uity instrume<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh other</div>\n<div class=\"t m0 x7 h4f y90c ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income, by a<span class=\"_ _0\"></span>pplying t<span class=\"_ _0\"></span>he irrevoc<span class=\"_ _2b\"></span>able election in IFR<span class=\"_ _0\"></span>S 9 to</div>\n<div class=\"t m0 x7 h4f y90d ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">present subseque<span class=\"_ _2\"></span>nt change<span class=\"ls0 ws0\">s <span class=\"lse0 wsfa\">in the fair val<span class=\"_ _2b\"></span>ue of those inv<span class=\"_ _0\"></span>estments<span class=\"_ _0\"></span>\u00a0in </span></span></div>\n<div class=\"t m0 x7 h4f y90e ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equity in<span class=\"_ _2\"></span>struments in other<span class=\"_ _2\"></span>\u00a0comprehen<span class=\"lse0 wsf0\">sive incom<span class=\"_ _2b\"></span>e. <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y90f ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y910 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As invest<span class=\"_ _0\"></span>ments in eq<span class=\"_ _0\"></span>uity instr<span class=\"_ _2b\"></span>uments are out of scop<span class=\"_ _0\"></span>e of the \u2018expe<span class=\"_ _2b\"></span>cted</div>\n<div class=\"t m0 x7 h4f y911 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit loss mod<span class=\"_ _2\"></span>el\u2019<span class=\"ls0 ws0\">\u00a0<span class=\"ls105 ws12a\">in IFRS 9<span class=\"_ _2\"></span></span></span>, and the requirements in IFRS<span class=\"_ _2\"></span>\u00a09 are to be</div>\n<div class=\"t m0 x7 h4f y912 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applie<span class=\"_ _0\"></span>d retrosp<span class=\"_ _0\"></span>ectivel<span class=\"_ _2b\"></span>y, the main tra<span class=\"_ _0\"></span>nsitio<span class=\"_ _0\"></span>n impact<span class=\"_ _0\"></span>\u00a0relate<span class=\"_ _0\"></span>s to the</div>\n<div class=\"t m0 x7 h4f y913 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">derecognition<span class=\"_ _2\"></span>\u00a0of the impairments<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">that Ageas recog<span class=\"_ _0\"></span>nised on thos<span class=\"_ _2b\"></span>e </span></span></div>\n<div class=\"t m0 x7 h4f y914 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents under IAS 39. <span class=\"lse2 ws103\">At the transition date, th<span class=\"_ _2\"></span>is had a positive </span></div>\n<div class=\"t m0 x7 h4f y915 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact on tot<span class=\"_ _2b\"></span>al equity<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">(EUR 0.3 bil<span class=\"_ _2\"></span>lion).</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y916 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y917 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under IAS 39, pol<span class=\"_ _2\"></span>icyholder loans were recogn<span class=\"_ _2\"></span>ised as financial assets.<span class=\"_ _2\"></span>\u00a0In</div>\n<div class=\"t m0 x7 h4f y918 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">line with th<span class=\"_ _0\"></span>e requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _0\"></span>RS 17,<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">Ageas included the poli<span class=\"_ _2\"></span>cyholder </span></span></div>\n<div class=\"t m0 x7 h4f y919 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loans in t<span class=\"_ _2b\"></span>he measurem<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>ract liabili<span class=\"_ _0\"></span>ties at t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y91a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on date.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91b ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y91c ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 17 result<span class=\"_ _0\"></span>ed in the dere<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of any am<span class=\"_ _0\"></span>ounts</div>\n<div class=\"t m0 x7 h4f y91d ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that wer<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nised u<span class=\"_ _0\"></span>nder IFR<span class=\"_ _2b\"></span>S 4 for deferre<span class=\"_ _0\"></span>d <span class=\"lse1 ws11d\">acquisition costs (DAC) </span></div>\n<div class=\"t m0 x7 h4f y91e ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and value of<span class=\"_ _0\"></span>\u00a0business<span class=\"_ _0\"></span>\u00a0acquir<span class=\"_ _0\"></span>ed (VOBA<span class=\"_ _0\"></span>):<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91f ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsf0\">The amounts relat<span class=\"_ _2b\"></span>ing to DAC (EUR 0.4 <span class=\"lse2 wsfa\">billion) have be<span class=\"_ _2\"></span>en </span></span></span></div>\n<div class=\"t m0 x43 h4f y920 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised at t<span class=\"_ _2b\"></span>he transitio<span class=\"_ _0\"></span>n date t<span class=\"_ _0\"></span>o IFRS <span class=\"_ _0\"></span>17, reflec<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x43 h4f y921 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing policy<span class=\"_ _0\"></span>\u00a0choice of<span class=\"_ _0\"></span>\u00a0Ageas to ex<span class=\"_ _0\"></span>pense insu<span class=\"_ _2b\"></span>rance acquisiti<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x43 h4f y922 ff81 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">costs a<span class=\"lse0 wsf0\">s incurred i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-</span>life busin<span class=\"_ _2b\"></span>ess measured appl<span class=\"_ _2b\"></span>ying the </span></div>\n<div class=\"t m0 x43 h4f y923 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">P<span class=\"lse2 wsfa\">remium A<span class=\"_ _2\"></span>llocation Approach</span>;<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y924 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsf0\">The amounts relat<span class=\"_ _2b\"></span>ing to VOBA (EUR 0.0 bil<span class=\"_ _2b\"></span>lion) have been </span></span></div>\n<div class=\"t m0 x43 h4f y925 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised bec<span class=\"_ _2b\"></span>ause they are inclu<span class=\"_ _0\"></span>ded in the mea<span class=\"_ _0\"></span>sureme<span class=\"_ _2b\"></span>nt of the<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h4f y926 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontract liabilities <span class=\"_ _2\"></span>under IFRS 17.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y973 ff85 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">E<span class=\"lse0 wsf0\">stimated im<span class=\"_ _0\"></span>pact on liab<span class=\"_ _2b\"></span>ilities<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y974 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 9 did not resu<span class=\"_ _0\"></span>lt in any recl<span class=\"_ _2b\"></span>assification of <span class=\"lse2 wsf1\">Ageas's </span></div>\n<div class=\"t m0 x7 h4f y975 ff81 fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">financial<span class=\"_ _2\"></span>\u00a0liabilities.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y976 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9da ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The increa<span class=\"_ _2b\"></span>se in total liabilit<span class=\"_ _2b\"></span>ies mainly relate<span class=\"_ _0\"></span>s to the reme<span class=\"_ _2b\"></span>asurement of</div>\n<div class=\"t m0 x7 h4f y9db ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts, rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contra<span class=\"_ _0\"></span>cts and inve<span class=\"_ _2b\"></span>stme<span class=\"lse1 ws104\">nt contracts </span></div>\n<div class=\"t m0 x7 h4f y9dc ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with disc<span class=\"_ _0\"></span>retion<span class=\"_ _0\"></span>ary partic<span class=\"_ _0\"></span>ipatio<span class=\"_ _0\"></span>n featur<span class=\"_ _0\"></span>es, applyi<span class=\"_ _0\"></span>ng the curr<span class=\"_ _0\"></span>ent value</div>\n<div class=\"t m0 x7 h4f y9dd ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mode<span class=\"_ _0\"></span>l requirem<span class=\"_ _0\"></span>ents in IFR<span class=\"_ _2b\"></span>S 17.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9de ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9df ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">At the <span class=\"_ _2\"></span>transition date, Agea<span class=\"_ _2\"></span>s identified, rec<span class=\"_ _2\"></span>ognised and measured<span class=\"_ _2\"></span>\u00a0each</div>\n<div class=\"t m0 x7 h4f y9e0 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">group of insuran<span class=\"_ _2\"></span>ce contracts, reinsurance con<span class=\"_ _2\"></span>tracts and inv<span class=\"lse0 wsef\">estment </span></div>\n<div class=\"t m0 x7 h4f y9e1 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h discret<span class=\"_ _0\"></span>ionary p<span class=\"_ _0\"></span>artici<span class=\"_ _0\"></span>pation fe<span class=\"_ _0\"></span>atures ret<span class=\"_ _0\"></span>rospect<span class=\"_ _2b\"></span>ively (also</div>\n<div class=\"t m0 x7 h4f y9e2 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">referre<span class=\"_ _0\"></span>d to as the \u2018ful<span class=\"_ _0\"></span>l retros<span class=\"_ _0\"></span>pective a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h\u2019), as if the r<span class=\"_ _0\"></span>equirem<span class=\"_ _0\"></span>ents of</div>\n<div class=\"t m0 x1a h4f y9e3 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>applied t<span class=\"_ _2b\"></span>o those groups<span class=\"_ _0\"></span>\u00a0of cont<span class=\"_ _0\"></span>racts si<span class=\"_ _2b\"></span>nce their initi<span class=\"_ _2b\"></span>al</div>\n<div class=\"t m0 x1a h4f y9e4 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>. This includes the <span class=\"_ _2\"></span>i<span class=\"ws103\">dentification, measurem<span class=\"_ _2\"></span>ent and </span></div>\n<div class=\"t m0 x1a h4f y9e5 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>\u00a0of any (asset for)<span class=\"_ _2\"></span>\u00a0insurance acquisi<span class=\"_ _2\"></span>tion cash flows.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9e6 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9e7 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In some sit<span class=\"_ _0\"></span>uations<span class=\"_ _0\"></span>, Ageas was<span class=\"_ _0\"></span>\u00a0not able to me<span class=\"_ _0\"></span>asure a gro<span class=\"_ _0\"></span>up of insura<span class=\"_ _2b\"></span>nce</div>\n<div class=\"t m0 x1a h4f y9e8 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s at the transi<span class=\"_ _0\"></span>tion dat<span class=\"_ _2b\"></span>e applying the f<span class=\"_ _2b\"></span>ull retrospect<span class=\"_ _0\"></span>ive app<span class=\"_ _0\"></span>roach.</div>\n<div class=\"t m0 x1a h4f y9e9 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This was the <span class=\"lse0 wsf0\">case whereas:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9ea ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsf0\">inform<span class=\"_ _2b\"></span>ation in the existi<span class=\"_ _0\"></span>ng reporti<span class=\"_ _0\"></span>ng system<span class=\"_ _0\"></span>s of Ageas abo<span class=\"_ _2b\"></span>ut </span></span></span></div>\n<div class=\"t m0 x6c h4f y9eb ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">histori<span class=\"_ _0\"></span>cal cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>\u00a0was base<span class=\"_ _2b\"></span>d on assumptions<span class=\"_ _2b\"></span>\u00a0that were</div>\n<div class=\"t m0 x6c h4f y9ec ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ed using hi<span class=\"_ _0\"></span>ndsight<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9ed ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsfa\">Some reasonab<span class=\"_ _2b\"></span>le and support<span class=\"_ _0\"></span>able inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n about historic<span class=\"_ _2b\"></span>al cash </span></span></div>\n<div class=\"t m0 x6c h4f y9ee ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows was<span class=\"_ _0\"></span>\u00a0not availab<span class=\"_ _2b\"></span>le in <span class=\"lse2 ws103\">the e<span class=\"_ _2\"></span>xisting reporting systems<span class=\"_ _2\"></span>\u00a0of Ageas, </span></div>\n<div class=\"t m0 x6c h4f y9ef ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or only avai<span class=\"_ _0\"></span>lable at<span class=\"_ _0\"></span>\u00a0a higher or at diff<span class=\"_ _2b\"></span>erent levels of agg<span class=\"_ _0\"></span>regati<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x6c h4f y9f0 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">than the re<span class=\"_ _0\"></span>quireme<span class=\"_ _2b\"></span>nt on grouping of cont<span class=\"_ _0\"></span>racts un<span class=\"_ _0\"></span>der IFRS 17;<span class=\"_ _0\"></span>\u00a0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9f1 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsfa\">The informati<span class=\"_ _0\"></span>on in the<span class=\"_ _0\"></span>\u00a0existi<span class=\"_ _0\"></span>ng repo<span class=\"_ _0\"></span>rting syst<span class=\"_ _2b\"></span>ems did not per<span class=\"_ _2b\"></span>mit </span></span></div>\n<div class=\"t m0 x6c h4f y9f2 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas to ap<span class=\"_ _2\"></span>propriate<span class=\"lse0\">ly estimat<span class=\"_ _2b\"></span>e the moveme<span class=\"_ _0\"></span>nt of the <span class=\"lse2 wsf1\">c<span class=\"_ _0\"></span>ontractual </span></span></div>\n<div class=\"t m0 x6c h4f y9f3 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">before t<span class=\"_ _2b\"></span>he transitio<span class=\"_ _0\"></span>n date. T<span class=\"_ _2b\"></span>hese movements<span class=\"_ _0\"></span>\u00a0had a<span class=\"wsef\">n </span></span></div>\n<div class=\"t m0 x6c h4f y9f4 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact on th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>ntractua<span class=\"_ _0\"></span>l service m<span class=\"_ _0\"></span>argin<span class=\"ls0 ws0\">\u00a0<span class=\"lsf4 ws10c\">at </span></span><span class=\"wsef\">the <span class=\"lse2 ws103\">transition date<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9f5 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9f6 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In these ins<span class=\"_ _0\"></span>tances,<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>those g<span class=\"_ _0\"></span>roups of in<span class=\"_ _0\"></span>surance c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s were meas<span class=\"_ _2b\"></span>ured</div>\n<div class=\"t m0 x1a h4f y9f7 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the tr<span class=\"_ _2b\"></span>ansition date <span class=\"lse2\">applying the \u2018modified<span class=\"_ _2\"></span>\u00a0retrospective approach\u2019<span class=\"_ _2\"></span>\u00a0or </span></div>\n<div class=\"t m0 x1a h4f y9f8 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applying the<span class=\"_ _2\"></span>\u00a0\u2018fair value approach\u2019 (see bel<span class=\"_ _2\"></span>ow). The objective of tho<span class=\"_ _2\"></span>se</div>\n<div class=\"t m0 x1a h4f y9f9 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">alternative tran<span class=\"_ _2\"></span>sition measurement approa<span class=\"_ _2\"></span>c<span class=\"lse0 wsfa\">h<span class=\"_ _0\"></span>es is to ac<span class=\"_ _2b\"></span>hieve the clos<span class=\"_ _2b\"></span>est </span></div>\n<div class=\"t m0 x1a h4f y9fa ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outcom<span class=\"_ _0\"></span>e possibl<span class=\"_ _2b\"></span>e to the full r<span class=\"_ _0\"></span>etrospec<span class=\"_ _0\"></span>tive ap<span class=\"_ _2b\"></span>proach, using r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble</div>\n<div class=\"t m0 x1a h4f y9fb ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and suppo<span class=\"_ _0\"></span>rtable inf<span class=\"_ _2b\"></span>ormation that is av<span class=\"_ _0\"></span>ailable<span class=\"_ _0\"></span>\u00a0without un<span class=\"_ _0\"></span>due cost or ef<span class=\"_ _0\"></span>fort</div>\n<div class=\"t m0 x1a h4f y9fc ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the tr<span class=\"_ _2b\"></span>ansition date.<span class=\"_ _0\"></span>\u00a0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9fd ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9fe ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For group<span class=\"_ _0\"></span>s of insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts in its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-<span class=\"ls102 ws129\">life busin<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">ess, Ageas applied<span class=\"_ _2\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9ff ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the full retro<span class=\"_ _2\"></span>spective approach to measure<span class=\"_ _2\"></span>\u00a0the liability for remaining</div>\n<div class=\"t m0 x1a h4f ya00 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coverag<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>thos<span class=\"_ _2b\"></span>e groups of insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>acts. The li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span>\u00a0for</div>\n<div class=\"t m0 x1a h4f ya01 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d claims of t<span class=\"_ _0\"></span>hose grou<span class=\"_ _0\"></span>ps of insur<span class=\"_ _2b\"></span>ance contracts h<span class=\"_ _0\"></span>as been</div>\n<div class=\"t m0 x1a h4f ya02 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measured appl<span class=\"_ _2\"></span>ying the full re<span class=\"_ _2\"></span>trospe<span class=\"lse0\">ctive <span class=\"_ _0\"></span>approa<span class=\"_ _0\"></span>ch for th<span class=\"_ _0\"></span>e most r<span class=\"_ _0\"></span>ecent </span></div>\n<div class=\"t m0 x1a h4f ya03 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">accident years and a<span class=\"_ _2\"></span>pplying the modified re<span class=\"_ _2\"></span>trospective approach for</div>\n<div class=\"t m0 x1a h4f ya04 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">claims pri<span class=\"_ _2\"></span>or to 2016.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya05 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya06 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For group<span class=\"_ _0\"></span>s of insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts in its Lif<span class=\"_ _0\"></span>e busines<span class=\"_ _0\"></span>s, Ageas<span class=\"_ _0\"></span>\u00a0applied th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f ya07 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing transit<span class=\"_ _2b\"></span>ion measurement<span class=\"_ _0\"></span>\u00a0approac<span class=\"_ _0\"></span>hes:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya08 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">Gr<span class=\"_ _2\"></span>oups <span class=\"lsf4 ws114\">of L<span class=\"lse0 wsfa\">ife insura<span class=\"_ _2b\"></span>nce contracts<span class=\"_ _0\"></span>\u00a0that we<span class=\"_ _0\"></span>re issue<span class=\"_ _0\"></span>d in 20<span class=\"_ _0\"></span>18 or lat<span class=\"_ _0\"></span>er </span></span></span></span></div>\n<div class=\"t m0 x6c h4f ya09 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have gene<span class=\"_ _0\"></span>rally bee<span class=\"_ _0\"></span>n measure<span class=\"_ _2b\"></span>d applying the full ret<span class=\"_ _0\"></span>rospec<span class=\"_ _0\"></span>tive</div>\n<div class=\"t m0 x6c h4f ya0a ff81 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">approach;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya0b ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 ws103\">Gr<span class=\"_ _2\"></span>oups of Life insurance con<span class=\"_ _2\"></span>tracts that were issued be<span class=\"_ _2\"></span>fore 2018 </span></span></div>\n<div class=\"t m0 x6c h4f ya0c ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">have been<span class=\"_ _2\"></span>\u00a0measured applying <span class=\"_ _2\"></span>the fair value a<span class=\"_ _2\"></span>pproach; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya0d ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">Gr<span class=\"_ _2\"></span>oups</span><span class=\"ff81\">\u00a0<span class=\"lsf4 ws114\">of L<span class=\"lsfc ws115\">ife<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsfa\">insura<span class=\"_ _2b\"></span>nce contracts<span class=\"_ _0\"></span>\u00a0with di<span class=\"_ _0\"></span>rect pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion feat<span class=\"_ _2b\"></span>ures </span></span></span></span></span></div>\n<div class=\"t m0 x6c h4f ya0e ff81 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">have<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">been measured a<span class=\"_ _2b\"></span>pplying the modif<span class=\"_ _0\"></span>ied retros<span class=\"_ _2b\"></span>pective approa<span class=\"_ _0\"></span>ch.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f ya0f ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya10 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For the g<span class=\"_ _2b\"></span>roups of insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts t<span class=\"_ _0\"></span>hat have <span class=\"_ _2b\"></span>been measure<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x1a h4f ya11 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g the modif<span class=\"_ _0\"></span>ied retro<span class=\"_ _2b\"></span>spective appro<span class=\"_ _0\"></span>ach, Ageas<span class=\"_ _0\"></span>\u00a0estimat<span class=\"_ _0\"></span>ed th<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f ya12 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">future cas<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>flo<span class=\"_ _0\"></span>ws at the dat<span class=\"_ _0\"></span>e of initial r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion of the gr<span class=\"_ _0\"></span>oup of</div>\n<div class=\"t m0 x1a h4f ya13 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts as t<span class=\"_ _2b\"></span>he future cas<span class=\"_ _2b\"></span>h flows at the t<span class=\"_ _0\"></span>ransiti<span class=\"_ _0\"></span>on date,</div>\n<div class=\"t m0 x1a h4f ya14 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed by the actua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>cas<span class=\"_ _0\"></span>h flows that<span class=\"_ _0\"></span>\u00a0have occu<span class=\"_ _0\"></span>rred bet<span class=\"_ _0\"></span>ween the d<span class=\"_ _0\"></span>ate</div>\n<div class=\"t m0 x1a h4f ya15 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of initial reco<span class=\"_ _2\"></span>gnition and the transition d<span class=\"_ _2\"></span>ate<span class=\"lse0 wsf0\">. A simila<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>sim<span class=\"_ _0\"></span>plificat<span class=\"_ _2b\"></span>ion was </span></div>\n<div class=\"t m0 x1a h4f ya16 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applie<span class=\"_ _0\"></span>d to the es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es of th<span class=\"_ _0\"></span>e risk adj<span class=\"_ _2b\"></span>ustment for no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">financial ri<span class=\"_ _2\"></span>sk</span>, </span></div>\n<div class=\"t m0 x1a h4f ya17 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">which hav<span class=\"_ _2b\"></span>e been estimat<span class=\"_ _2b\"></span>ed at the transi<span class=\"_ _2b\"></span>tion date and <span class=\"_ _0\"></span>have bee<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f ya18 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed for the <span class=\"_ _2b\"></span>expected rele<span class=\"_ _0\"></span>ase of r<span class=\"_ _0\"></span>isk bef<span class=\"_ _0\"></span>ore the tr<span class=\"_ _2b\"></span>ansition date.<span class=\"_ _0\"></span>\u00a0In</div>\n<div class=\"t m0 x1a h4f ya19 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _0\"></span>ing the rel<span class=\"_ _0\"></span>ease of risk,<span class=\"_ _0\"></span>\u00a0referen<span class=\"_ _0\"></span>ce was made t<span class=\"_ _0\"></span>o the releas<span class=\"_ _2b\"></span>e of risk</div>\n<div class=\"t m0 x1a h4f ya1a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for simil<span class=\"_ _0\"></span>ar contra<span class=\"_ _0\"></span>cts.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 188px; height: 918px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 188px; height: 918px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 188px; height: 918px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 188px; height: 918px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 188px; height: 918px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For the g<span class=\"_ _2b\"></span>roups of insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts t<span class=\"_ _0\"></span>hat have <span class=\"_ _2b\"></span>been measure<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y803 ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">applying <span class=\"_ _2\"></span>the fair value a<span class=\"_ _2\"></span>pproach, Ageas deter<span class=\"_ _2\"></span>mined the contractua<span class=\"_ _2\"></span>l</div>\n<div class=\"t m0 x7 h4f y804 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service <span class=\"_ _0\"></span>margin <span class=\"_ _0\"></span>at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date a<span class=\"_ _0\"></span>s the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _0\"></span>n the fa<span class=\"_ _0\"></span>ir</div>\n<div class=\"t m0 x7 h4f y805 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the g<span class=\"_ _2b\"></span>roup of <span class=\"wsef\">insurance <span class=\"wsfa\">co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>\u00a0at that <span class=\"_ _0\"></span>date<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">and the fulfilmen<span class=\"_ _2\"></span>t </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>\u00a0of the same gr<span class=\"_ _2b\"></span>oup measured apply<span class=\"_ _2b\"></span>ing the requirem<span class=\"_ _0\"></span>ents in</div>\n<div class=\"t m0 x7 h4f y807 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 at th<span class=\"_ _0\"></span>at date. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y808 ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y809 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In determ<span class=\"_ _0\"></span>ining the f<span class=\"_ _0\"></span>air value of<span class=\"_ _0\"></span>\u00a0a group of insur<span class=\"_ _0\"></span>ance co<span class=\"_ _0\"></span>ntracts,<span class=\"_ _0\"></span>\u00a0Ageas</div>\n<div class=\"t m0 x7 h4f y80a ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">applied the<span class=\"_ _2\"></span>\u00a0requirements in <span class=\"_ _2\"></span>IFRS 13 \u2018Fair v<span class=\"_ _2\"></span>alue measurement\u2019, w<span class=\"_ _2\"></span>ith the</div>\n<div class=\"t m0 x7 h4f y80b ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">fol<span class=\"lse2 ws103\">lowing consider<span class=\"_ _2\"></span>ations:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y80c ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse2 ws103\">A<span class=\"_ _2\"></span>ssumptions about expected <span class=\"lse0 wsf0\">future cash flow<span class=\"_ _0\"></span>s and risk al<span class=\"_ _0\"></span>lowances<span class=\"_ _0\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x43 h4f y80d ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are adjus<span class=\"_ _0\"></span>ted to t<span class=\"_ _2b\"></span>he view of the m<span class=\"_ _2b\"></span>arket particip<span class=\"_ _0\"></span>ant, in <span class=\"_ _0\"></span>line wit<span class=\"_ _2b\"></span>h the</div>\n<div class=\"t m0 x43 h4f y80e ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _2b\"></span>RS 13;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80f ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsfa\">Discount rates<span class=\"_ _0\"></span>\u00a0used i<span class=\"_ _0\"></span>n measu<span class=\"_ _0\"></span>ring the <span class=\"_ _0\"></span>cash flo<span class=\"_ _2b\"></span>ws assume a ma<span class=\"_ _0\"></span>rket </span></span></div>\n<div class=\"t m0 x43 h4f y810 ff86 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">consistent<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsfa\">remuner<span class=\"_ _2b\"></span>ation for the c<span class=\"_ _0\"></span>ost of c<span class=\"_ _0\"></span>apital a<span class=\"_ _0\"></span>nd are ad<span class=\"_ _2b\"></span>justed to </span></span></div>\n<div class=\"t m0 x43 h4f y90a ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflect t<span class=\"_ _0\"></span>he risk of non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">performa<span class=\"_ _0\"></span>nce by Ageas<span class=\"_ _0\"></span>, as issuer o<span class=\"_ _2b\"></span>f <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x43 h4f y90b ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90c ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsfa\">The cash flows<span class=\"_ _0\"></span>\u00a0are adj<span class=\"_ _0\"></span>usted to <span class=\"_ _0\"></span>reflect<span class=\"_ _0\"></span>\u00a0profit m<span class=\"_ _2b\"></span>argins that a m<span class=\"_ _0\"></span>arket </span></span></div>\n<div class=\"t m0 x43 h4f y90d ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participant wou<span class=\"_ _2\"></span>ld require for<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">acceptin<span class=\"_ _0\"></span>g the obligat<span class=\"_ _2b\"></span>i<span class=\"wsfa\">ons under the </span></span></span></div>\n<div class=\"t m0 x43 h4f y90e ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">group of co<span class=\"_ _0\"></span>ntracts an<span class=\"_ _0\"></span>d include t<span class=\"_ _0\"></span>he non<span class=\"ls0 ws0\">-</span>direct<span class=\"_ _2b\"></span>ly attributable c<span class=\"_ _0\"></span>osts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90f ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y910 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The result<span class=\"_ _0\"></span>s of the calc<span class=\"_ _2b\"></span>ulated fair value<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>have b<span class=\"_ _0\"></span>een compa<span class=\"_ _0\"></span>red agains<span class=\"_ _0\"></span>t</div>\n<div class=\"t m0 x7 h4f y911 ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">commonly u<span class=\"_ _2\"></span>sed market metrics<span class=\"_ _2\"></span>\u00a0to provide addition<span class=\"_ _2\"></span>al comfort.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y912 ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y913 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In determ<span class=\"_ _0\"></span>ining the f<span class=\"_ _0\"></span>ulfilment<span class=\"_ _0\"></span>\u00a0cash flow<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>of a gro<span class=\"_ _2b\"></span>up of insurance contr<span class=\"_ _2b\"></span>acts</div>\n<div class=\"t m0 x7 h4f y914 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that has <span class=\"_ _0\"></span>been me<span class=\"_ _0\"></span>asured <span class=\"_ _0\"></span>at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date a<span class=\"_ _0\"></span>pplyin<span class=\"_ _0\"></span>g the fai<span class=\"_ _0\"></span>r value</div>\n<div class=\"t m0 x7 h4f y915 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">approach, Ageas<span class=\"_ _2\"></span>\u00a0estimated the fulfilmen<span class=\"_ _2\"></span>t cash flows prospectively and<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y916 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed those fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash flow<span class=\"_ _2b\"></span>s using the appl<span class=\"_ _2b\"></span>icable discou<span class=\"_ _2b\"></span>nt</div>\n<div class=\"t m0 x7 h4f y917 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rates at t<span class=\"_ _2b\"></span>he tra<span class=\"lse2\">nsition da<span class=\"_ _2\"></span>te. Furthermore, Age<span class=\"_ _2\"></span>as grouped contrac<span class=\"_ _2\"></span>ts from </span></div>\n<div class=\"t m0 x1a h4f ya1d ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">multip<span class=\"_ _0\"></span>le annual c<span class=\"_ _0\"></span>ohorts int<span class=\"_ _0\"></span>o a single un<span class=\"_ _0\"></span>it of accou<span class=\"_ _0\"></span>nt for meas<span class=\"_ _2b\"></span>ur<span class=\"wsef\">ement<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f ya1e ff86 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">purposes<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span>\u00a0</span><span class=\"ws103\">as its reporting syste<span class=\"_ _2\"></span>ms did not have reasonable and </span></div>\n<div class=\"t m0 x1a h4f ya1f ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">support<span class=\"_ _2b\"></span>able informati<span class=\"_ _2b\"></span>on to provide t<span class=\"_ _2b\"></span>he required inf<span class=\"_ _2b\"></span>ormation by gr<span class=\"_ _0\"></span>ou<span class=\"lse1 wsf0\">ps <span class=\"lsf4 ws10c\">of </span></span></div>\n<div class=\"t m0 x1a h4f ya20 ff86 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">contracts <span class=\"lse2 wsfa\">that includ<span class=\"_ _2\"></span>e only <span class=\"lse0 wsef\">insuranc<span class=\"_ _0\"></span>e <span class=\"wsfa\">contract<span class=\"_ _2b\"></span>s issued withi<span class=\"_ _0\"></span>n one ye<span class=\"_ _0\"></span>ar.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 ya21 ff8a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>ed impact on share<span class=\"_ _0\"></span>holders<span class=\"_ _0\"></span>\u2019 equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya22 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In analysi<span class=\"_ _2b\"></span>ng <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he decrea<span class=\"_ _0\"></span>se in shareh<span class=\"_ _0\"></span>olders<span class=\"_ _0\"></span>\u2019 equity at<span class=\"_ _0\"></span>\u00a0the transiti<span class=\"_ _2b\"></span>on date,</div>\n<div class=\"t m0 x1a h4f ya23 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a disti<span class=\"_ _0\"></span>nction s<span class=\"_ _0\"></span>hould be m<span class=\"_ _2b\"></span>ade between the<span class=\"_ _2b\"></span>\u00a0impact of the <span class=\"wsf0\">a<span class=\"_ _0\"></span>doption of<span class=\"_ _0\"></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya24 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 9 &amp; IFRS 1<span class=\"_ _0\"></span>7 on shareh<span class=\"_ _0\"></span>olders\u2019 e<span class=\"_ _0\"></span>quity exc<span class=\"_ _0\"></span>luding ot<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x1a h4f ya25 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income and o<span class=\"_ _0\"></span>n other com<span class=\"_ _0\"></span>prehens<span class=\"_ _2b\"></span>ive income:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya26 ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsf0\">The adoption of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 by th<span class=\"_ _0\"></span>e subsidia<span class=\"_ _2b\"></span>ries of Ageas </span></span></div>\n<div class=\"t m0 x6c h4f ya27 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in a non<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">significant</span>\u00a0<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">net</span>\u00a0</span><span class=\"wsfa\">decre<span class=\"_ _0\"></span>ase of <span class=\"lse2\">shareholders\u2019 equity </span></span></div>\n<div class=\"t m0 x6c h4f ya28 ff86 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">ex<span class=\"lse2 wsfa\">cluding other <span class=\"_ _2\"></span>comprehensive income<span class=\"_ _2\"></span>. This decrease main<span class=\"_ _2\"></span>ly </span></div>\n<div class=\"t m0 x6c h4f ya29 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">relates to the<span class=\"_ _2\"></span>\u00a0derecognition of any amounts<span class=\"_ _2\"></span>\u00a0that were recognised</div>\n<div class=\"t m0 x6c h4f ya2a ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">under IFR<span class=\"_ _0\"></span>S 4 for deferr<span class=\"_ _2b\"></span>ed acquisition cost<span class=\"_ _0\"></span>s and val<span class=\"_ _0\"></span>ue of busines<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x6c h4f ya2b ff86 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>d, <span class=\"wsf0\">partly co<span class=\"_ _2b\"></span>mpensated by<span class=\"ls0 ws0\">\u00a0</span>the der<span class=\"_ _2b\"></span>ecognition of im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nts </span></div>\n<div class=\"t m0 x6c h4f ya2c ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">tha<span class=\"lse2 wsfa\">t Ageas r<span class=\"_ _2\"></span>ecognised under <span class=\"_ _2\"></span>IAS 39 for its inv<span class=\"_ _2\"></span>estments in equity </span></div>\n<div class=\"t m0 x6c h4f ya2d ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">instruments. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya2e ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsf0\">The adoption of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 by th<span class=\"_ _0\"></span>e subsidia<span class=\"_ _2b\"></span>ries of Ageas </span></span></div>\n<div class=\"t m0 x6c h4f ya2f ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in a materi<span class=\"_ _0\"></span>al net decr<span class=\"_ _0\"></span>ease of othe<span class=\"_ _0\"></span>r compreh<span class=\"_ _0\"></span>ensive inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x6c h4f ya30 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">measured in shar<span class=\"_ _2\"></span>eholders\u2019 equity. This is<span class=\"_ _2\"></span>\u00a0the part o<span class=\"ls0 ws0\">f </span>equity t<span class=\"_ _2\"></span>hat</div>\n<div class=\"t m0 x6c h4f ya31 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">relates<span class=\"_ _0\"></span>\u00a0to unre<span class=\"_ _0\"></span>alised g<span class=\"_ _0\"></span>ains or <span class=\"_ _0\"></span>losses <span class=\"_ _0\"></span>on invest<span class=\"_ _2b\"></span>ments in financ<span class=\"_ _2b\"></span>ial</div>\n<div class=\"t m0 x6c h4f ya32 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents and on<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>(re)i<span class=\"_ _2b\"></span>nsurance<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">contract liabi<span class=\"_ _2\"></span>lities. The decrea<span class=\"_ _2\"></span>se </span></span></div>\n<div class=\"t m0 x6c h4f ya33 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of othe<span class=\"_ _0\"></span>r compre<span class=\"_ _0\"></span>hensive <span class=\"_ _0\"></span>income <span class=\"_ _2b\"></span>mainly relates<span class=\"_ _0\"></span>\u00a0to the</div>\n<div class=\"t m0 x6c h4f ya34 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span>\u00a0(re)ins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontracts at<span class=\"_ _0\"></span>\u00a0the transit<span class=\"_ _2b\"></span>i<span class=\"wsfa\">on date. </span></div>\n<div class=\"t m0 x6c h4f ya35 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The increa<span class=\"_ _2b\"></span>se in other compreh<span class=\"_ _2b\"></span>ensive income ref<span class=\"_ _0\"></span>lects th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x6c h4f ya36 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">remeasurement o<span class=\"_ _2\"></span>f financial instruments at the<span class=\"_ _2\"></span>\u00a0transition date</div>\n<div class=\"t m0 x6c h4f ya37 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing thei<span class=\"_ _0\"></span>r classif<span class=\"_ _0\"></span>ication <span class=\"_ _2b\"></span>under IFRS 9, n<span class=\"_ _0\"></span>et of th<span class=\"_ _0\"></span>e derecog<span class=\"_ _2b\"></span>nition</div>\n<div class=\"t m0 x6c h4f ya38 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of shadow ac<span class=\"_ _2b\"></span>counting unde<span class=\"_ _0\"></span>r IFRS 4.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 645px; height: 461px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 645px; height: 461px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 645px; height: 461px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 645px; height: 461px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 645px; height: 461px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below inclu<span class=\"_ _0\"></span>des the ma<span class=\"_ _0\"></span>in estimat<span class=\"_ _2b\"></span>ed impacts of the adopt<span class=\"_ _2b\"></span>ion of IFRS 9 &amp; IFRS 17 on 1 Janu<span class=\"_ _2b\"></span>ary 2022 (in rounde<span class=\"_ _0\"></span>d billion<span class=\"_ _0\"></span><span class=\"wsfa\">s of euros<span class=\"_ _2b\"></span>):<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x21b h52 y5ff ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 472px; bottom: 1065px; z-index: 15;\">Balance as at<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x196 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 487px; bottom: 1050px; z-index: 15;\">1 January<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x21f h52 y603 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 494px; bottom: 1035px; z-index: 15;\">2022 as<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 1020px; z-index: 15;\">previously<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 493px; bottom: 1006px; z-index: 15;\">reported<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 1050px; z-index: 15;\">Adjustments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 1035px; z-index: 15;\">due <span class=\"lse7 ws109\">to<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x151 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 550px; bottom: 1020px; z-index: 15;\">adoption of<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y5f4 ff8b fs3c fc1f sc0 lsf0 ws12b\" style=\"left: 566px; bottom: 1006px; z-index: 15;\">IFRS 9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 628px; bottom: 1006px; z-index: 15;\">Transfer<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 680px; bottom: 1050px; z-index: 15;\">Adjustments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff8b fs3c fc1f sc0 lse4 wsf6\" style=\"left: 703px; bottom: 1035px; z-index: 15;\">due to<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 685px; bottom: 1020px; z-index: 15;\">adoption of<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lsf0 ws12b\" style=\"left: 696px; bottom: 1006px; z-index: 15;\">IFRS 17<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19e h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 761px; bottom: 1050px; z-index: 15;\">Restated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x21b h52 y603 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 743px; bottom: 1035px; z-index: 15;\">balance as at<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x196 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 758px; bottom: 1020px; z-index: 15;\">1 January<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1006px; z-index: 15;\">2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 269px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f4 ff8d fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 975px; z-index: 15;\">IFRS4/IAS39 as previously reported<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f4 ff8d fs3c fc1f sc0 lsef ws102\" style=\"left: 269px; bottom: 975px; z-index: 15;\">IFRS 1<span class=\"_ _2\"></span>7/IFRS 9 rest<span class=\"_ _2\"></span>ated <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Cash<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">cash</span>\u00a0</span>equivalents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 960px; z-index: 15;\">Cash<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">cash</span>\u00a0</span>equivalents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 960px; z-index: 15;\">1.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 960px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f2 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f2 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 960px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Financial investments (incl. loans<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 945px; z-index: 15;\">Financial investments (incl. loans<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 945px; z-index: 15;\">74.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 945px; z-index: 15;\">0.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y60e ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 945px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 945px; z-index: 15;\">74.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Investments related to UL contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 931px; z-index: 15;\">UL Financial investments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 931px; z-index: 15;\">18.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 931px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 931px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 931px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 931px; z-index: 15;\">21.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Investment property<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 269px; bottom: 916px; z-index: 15;\">Inv<span class=\"_ _2\"></span>estment <span class=\"_ _2\"></span><span class=\"lse4 wsf4\">property<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 916px; z-index: 15;\">3.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 916px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 916px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 916px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 916px; z-index: 15;\">3.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 901px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y656 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 901px; z-index: 15;\">(1.<span class=\"_ _2\"></span>3)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 901px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 886px; z-index: 15;\">Reinsurance contract assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 716px; bottom: 886px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 886px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 871px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 871px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 871px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Equity<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">accounted investments<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 856px; z-index: 15;\">Equity<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">accounted investments<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 856px; z-index: 15;\">5.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 856px; z-index: 15;\">5.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Property<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0</span>equipment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 842px; z-index: 15;\">Property and<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf4\">equipment<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 842px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 842px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y647 ff8b fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">and</span>\u00a0<span class=\"lse4 wsf4\">other</span>\u00a0<span class=\"lse4 wsf4\">intangible</span>\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y647 ff8b fs3c fc14 sc0 ls109 ws12c\" style=\"left: 269px; bottom: 827px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">and</span>\u00a0<span class=\"lse4 wsf4\">other</span>\u00a0<span class=\"lse4 wsf4\">intangible</span>\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y647 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 827px; z-index: 15;\">1.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y647 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 827px; z-index: 15;\">1.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lsec wsfe\">as<span class=\"_ _2\"></span>sets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 269px; bottom: 812px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lsec wsfe\">as<span class=\"_ _2\"></span>sets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 812px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y603 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 575px; bottom: 812px; z-index: 15;\">(1.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y603 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 812px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 716px; bottom: 812px; z-index: 15;\">2.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 812px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Accrued interests and other a<span class=\"_ _0\"></span>ssets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 797px; z-index: 15;\">Accrued <span class=\"wsf3\">interests and other assets<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 797px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 797px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 797px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y608 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 797px; z-index: 15;\">(0.<span class=\"_ _2\"></span>4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 797px; z-index: 15;\">1.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y603 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h54 y603 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 269px; bottom: 782px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x220 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 782px; z-index: 15;\">111.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 782px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y603 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 782px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 782px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 782px; z-index: 15;\">113.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 752px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Liabilities related to UL con<span class=\"_ _0\"></span>tracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 738px; z-index: 15;\">Investment contract liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 738px; z-index: 15;\">18.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 738px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 738px; z-index: 15;\">3.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5f2 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 738px; z-index: 15;\">(7.<span class=\"_ _2\"></span>7)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 738px; z-index: 15;\">14.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 723px; z-index: 15;\">Life/Non<span class=\"ls0 ws0\">-<span class=\"lsef ws102\">Lif<span class=\"_ _2\"></span>e insuranc<span class=\"_ _2\"></span>e liabilit<span class=\"_ _2\"></span>ies</span>\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 711px; bottom: 723px; z-index: 15;\">80.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 723px; z-index: 15;\">80.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Liabilities from Life/Non<span class=\"ls0 ws0\">-</span>life insurance contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 708px; z-index: 15;\">36.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y5f9 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 642px; bottom: 708px; z-index: 15;\">(3.<span class=\"_ _2\"></span>1)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11c h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 708px; z-index: 15;\">(33.4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 693px; z-index: 15;\">Liabilities from Life investments contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 693px; z-index: 15;\">30.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x11c h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 693px; z-index: 15;\">(30.6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 678px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 678px; z-index: 15;\">3.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 678px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 678px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y5f9 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 678px; z-index: 15;\">(0.<span class=\"_ _2\"></span>1)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 678px; z-index: 15;\">3.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 663px; z-index: 15;\">Provisions<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 663px; z-index: 15;\">Provisions<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 663px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 663px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lse4 wsf4\">liabilities</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 269px; bottom: 648px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lse4 wsf4\">liabilities</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5fc ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 648px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5fc ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 575px; bottom: 648px; z-index: 15;\">(0.<span class=\"_ _2\"></span>6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5fc ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 648px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5fc ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 648px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5fc ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 648px; z-index: 15;\">0.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Subordinated<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 634px; z-index: 15;\">Subordinated<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 634px; z-index: 15;\">2.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 634px; z-index: 15;\">2.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 619px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse6 wsf7\" style=\"left: 269px; bottom: 619px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 619px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 619px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 604px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 604px; z-index: 15;\">2.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 604px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 604px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y601 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 604px; z-index: 15;\">(0.<span class=\"_ _2\"></span>6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 604px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5ff ff8d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 589px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5ff ff8d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 269px; bottom: 589px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 589px; z-index: 15;\">96.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h54 y5ff ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 575px; bottom: 589px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5ff ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 589px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 589px; z-index: 15;\">8.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 589px; z-index: 15;\">104.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Share capital and retained ea<span class=\"_ _0\"></span>rnings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 559px; z-index: 15;\">Share capital and retained ea<span class=\"_ _0\"></span>rnings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 559px; z-index: 15;\">8.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 559px; z-index: 15;\">0.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y603 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 559px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y603 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 559px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 559px; z-index: 15;\">7.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Other comprehensive income<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 544px; z-index: 15;\">Other comprehensive income<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 544px; z-index: 15;\">3.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 544px; z-index: 15;\">1.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y638 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 544px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y638 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 544px; z-index: 15;\">(4.<span class=\"_ _2\"></span>7)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 544px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interest<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x14d h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 530px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interest<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 530px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 530px; z-index: 15;\">0.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y632 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 530px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y632 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 530px; z-index: 15;\">(1.<span class=\"_ _2\"></span>8)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 530px; z-index: 15;\">1.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Total equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc1f sc0 lse8 wsf9\" style=\"left: 269px; bottom: 515px; z-index: 15;\">Total equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 515px; z-index: 15;\">14.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 515px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 515px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h54 y5f2 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 710px; bottom: 515px; z-index: 15;\">(7.<span class=\"_ _2\"></span>0)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 784px; bottom: 515px; z-index: 15;\">9.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x5f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 365px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f9 ff8d fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 485px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span>\u00a0and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f9 ff8d fs3c fc1f sc0 lse7 ws0\" style=\"left: 269px; bottom: 485px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span>\u00a0and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 485px; z-index: 15;\">111.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 485px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5f9 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 485px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 485px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 485px; z-index: 15;\">113.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya62 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya63 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya64 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Lif<span class=\"_ _2b\"></span>e/Non<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">Life ins<span class=\"_ _2\"></span>urance <span class=\"lse0\">liabil<span class=\"_ _0\"></span>ities\u2019 a<span class=\"_ _0\"></span>bove inc<span class=\"_ _2b\"></span>ludes an amount<span class=\"_ _0\"></span>\u00a0of con<span class=\"_ _2b\"></span>tractual servic<span class=\"_ _2b\"></span>e margin of EUR <span class=\"_ _2b\"></span>3 billion.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f ya65 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya66 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya67 ff8b fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">E.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse2 ws103\">Other change<span class=\"_ _2\"></span>s in IFRS standards</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya68 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not expect<span class=\"_ _0\"></span>\u00a0that other f<span class=\"_ _0\"></span>orthcom<span class=\"_ _2b\"></span>ing new or revised IFR<span class=\"_ _2b\"></span>S</div>\n<div class=\"t m0 x7 h4f ya69 ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">standards, in<span class=\"_ _2\"></span>terpretations and amendments<span class=\"_ _2\"></span>\u00a0to IFRS standards and</div>\n<div class=\"t m0 x7 h4f ya6a ff8b fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">interpretation<span class=\"_ _2\"></span>s, that will be<span class=\"_ _2\"></span>come effective for<span class=\"_ _2\"></span>\u00a0annual reporting <span class=\"_ _2\"></span>periods on</div>\n<div class=\"t m0 x7 h4f ya6b ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">1 January 2023 or<span class=\"_ _2\"></span>\u00a0later, will affect the con<span class=\"_ _2\"></span>solidat<span class=\"lse0 wsf0\">ed state<span class=\"_ _0\"></span>ment of </span></div>\n<div class=\"t m0 x7 h4f ya6c ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al posit<span class=\"_ _0\"></span>ion and inc<span class=\"_ _0\"></span>ome statem<span class=\"_ _2b\"></span>ent of Ageas in a signifi<span class=\"_ _0\"></span>cant way.</div>\n<div class=\"t m0 x7 h4f ya6d ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Not all thos<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cha<span class=\"_ _0\"></span>nges have al<span class=\"_ _2b\"></span>ready been endors<span class=\"_ _2b\"></span>ed by the EU. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya6e ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya6f ff8b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Those c<span class=\"_ _0\"></span>hanges <span class=\"_ _0\"></span>relate to:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya70 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 1 \u2018Classi<span class=\"_ _0\"></span>ficati<span class=\"_ _0\"></span>on of liabilit<span class=\"_ _0\"></span>ies as cur<span class=\"_ _0\"></span>rent or non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span></span></span></div>\n<div class=\"t m0 x6c h4f ya71 ff8b fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">current\u2019; <span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya72 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse2 ws103\">A<span class=\"_ _2\"></span>mendments to IAS 1 \u2018Non<span class=\"ls0 ws0\">-</span>cu<span class=\"_ _2\"></span>rrent liabilities with covena<span class=\"_ _2\"></span>nts\u2019;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f ya73 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 1 a<span class=\"_ _0\"></span>nd IFR<span class=\"_ _0\"></span>S practic<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment 2 \u2018D<span class=\"_ _2b\"></span>isclosure of </span></span></div>\n<div class=\"t m0 x6c h4f ya74 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing polic<span class=\"_ _0\"></span>ies\u2019;<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya75 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 8 \u2018<span class=\"_ _0\"></span>Defini<span class=\"lse2\">tion of accounting est<span class=\"_ _2\"></span>imates\u2019;<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f ya76 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 12 \u2018Defe<span class=\"_ _0\"></span>rred tax re<span class=\"_ _0\"></span>lated to ass<span class=\"_ _2b\"></span>ets and liabiliti<span class=\"_ _0\"></span>es </span></span></div>\n<div class=\"t m0 x6c h4f ya77 ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">arising from<span class=\"_ _2\"></span>\u00a0a single transaction\u2019; and <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya78 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse2 ws103\">A<span class=\"_ _2\"></span>mendments to IFRS 16 \u2018Lease li<span class=\"_ _2\"></span>ability in a sale and leaseback<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u2019. </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 238px; height: 868px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 238px; height: 868px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 238px; height: 868px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 238px; height: 868px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 238px; height: 868px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff92 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">2.3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff92 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Accounting es<span class=\"ls10c ws12f\">timates<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79e ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In preparing<span class=\"_ _2\"></span> these <span class=\"ls0 ws0\">c<span class=\"lse0 wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inanci<span class=\"_ _2\"></span>al </span>s<span class=\"lse2 wsfa\">tatements,<span class=\"_ _2\"></span> Ageas used </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y79f ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n judgement<span class=\"_ _0\"></span>s, estim<span class=\"_ _0\"></span>ates and as<span class=\"_ _0\"></span>sumpti<span class=\"_ _0\"></span>ons, which a<span class=\"_ _2b\"></span>re reflected in</div>\n<div class=\"t m0 x7 h4f y7a0 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the report<span class=\"_ _2b\"></span>ed amounts of assets<span class=\"_ _0\"></span> and liabi<span class=\"_ _0\"></span>lities, rev<span class=\"_ _2b\"></span>enues and expense<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y7a1 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and in the amo<span class=\"_ _2b\"></span>unts reported in th<span class=\"_ _0\"></span>e notes to<span class=\"ls0 ws0\"> </span><span class=\"wsef\">thes<span class=\"_ _0\"></span>e <span class=\"ls0 ws0\">c</span>onsolidate<span class=\"_ _0\"></span>d <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inanc<span class=\"_ _2\"></span>ial </span></span></span></div>\n<div class=\"t m0 x7 h4f ya7f ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsfa\">tatements.<span class=\"_ _0\"></span> The ju<span class=\"_ _0\"></span>dgements<span class=\"_ _0\"></span>, esti<span class=\"_ _0\"></span>mates an<span class=\"_ _0\"></span>d assumpt<span class=\"_ _2b\"></span>ions used are </span></div>\n<div class=\"t m0 x7 h4f ya80 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>experience and on <span class=\"_ _2\"></span>information that i<span class=\"_ _2\"></span>s reasonably avail<span class=\"_ _2\"></span>able at</div>\n<div class=\"t m0 x7 h4f ya81 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the time t<span class=\"_ _2b\"></span>hese <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial<span class=\"_ _2\"></span> </span>s</span><span class=\"wsf0\">tateme<span class=\"_ _0\"></span>nts are prepa<span class=\"_ _2b\"></span>red. Each </span></span></div>\n<div class=\"t m0 x7 h4f ya82 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgem<span class=\"_ _0\"></span>ent, est<span class=\"_ _0\"></span>imate an<span class=\"_ _0\"></span>d <span class=\"wsf0\">assum<span class=\"_ _0\"></span>ption carr<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>by its n<span class=\"_ _0\"></span>ature so<span class=\"_ _0\"></span>me degree of </span></div>\n<div class=\"t m0 x7 h4f ya83 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ainty and a ri<span class=\"_ _2b\"></span>sk of material adju<span class=\"_ _2b\"></span>stment (positiv<span class=\"_ _0\"></span>e or negativ<span class=\"_ _0\"></span>e) to the</div>\n<div class=\"t m0 x7 h4f ya84 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nts of assets and lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span> during fut<span class=\"_ _2b\"></span>ure reporting</div>\n<div class=\"t m0 x1a h4f ya85 ff90 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">period(s). Po<span class=\"_ _2\"></span>tential revisions are recogni<span class=\"_ _2\"></span>sed in the reporting peri<span class=\"lse0 wsf0\">od in </span></div>\n<div class=\"t m0 x1a h4f ya86 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which the j<span class=\"_ _0\"></span>udgeme<span class=\"_ _0\"></span>nt, estim<span class=\"_ _0\"></span>ate or assum<span class=\"_ _0\"></span>ption is rev<span class=\"_ _2b\"></span>ised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya87 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ya88 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas is no<span class=\"_ _2\"></span>t active in U<span class=\"_ _2\"></span>kraine and Russia, <span class=\"_ _2\"></span>but carefully monit<span class=\"_ _2\"></span>ors the</div>\n<div class=\"t m0 x1a h4f ya89 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">evolvi<span class=\"_ _0\"></span>ng geo<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">politi<span class=\"_ _0\"></span>cal tens<span class=\"_ _2b\"></span>ions in those r<span class=\"_ _0\"></span>egions,<span class=\"_ _0\"></span> in part<span class=\"_ _0\"></span>icular w<span class=\"_ _0\"></span>ith </span></div>\n<div class=\"t m0 x1a h4f ya8a ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">regards to<span class=\"_ _2\"></span> indirect macro<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">eco<span class=\"_ _0\"></span>nomic ef<span class=\"_ _0\"></span>fects such as<span class=\"_ _0\"></span> the<span class=\"ls0 ws0\"> </span>future ev<span class=\"_ _2b\"></span>olution </span></span></div>\n<div class=\"t m0 x1a h4f ya8b ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of interest<span class=\"_ _0\"></span> rates and i<span class=\"_ _0\"></span>nflation i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the m<span class=\"_ _0\"></span>arkets in wh<span class=\"_ _2b\"></span>ich Ageas is active.<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ya8c ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas cu<span class=\"_ _2b\"></span>rrently assess<span class=\"_ _2b\"></span>es the direct i<span class=\"_ _0\"></span>mpact to <span class=\"_ _2b\"></span>be immaterial. I<span class=\"_ _0\"></span>f</div>\n<div class=\"t m0 x1a h4f ya8d ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applica<span class=\"_ _0\"></span>ble, esti<span class=\"_ _0\"></span>mates and as<span class=\"_ _0\"></span>sumpt<span class=\"_ _0\"></span>ions have be<span class=\"_ _0\"></span>en revie<span class=\"_ _0\"></span>wed and are</div>\n<div class=\"t m0 x1a h4f ya8e ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflect<span class=\"_ _2b\"></span>ed in the amounts repo<span class=\"_ _2b\"></span>rted in<span class=\"ls0 ws0\"> </span><span class=\"wsef\">these <span class=\"ls0 ws0\">c<span class=\"lse2 wsf1\">onsolidat<span class=\"_ _2\"></span>ed </span>f<span class=\"lse2 wsf1\">inancial </span></span></span></div>\n<div class=\"t m0 x1a h4f ya8f ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsef\">tatements.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ya90 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ya91 ff90 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">The table below inc<span class=\"_ _2b\"></span>ludes the estimation uncertai<span class=\"_ _0\"></span>nty of the key <span class=\"ws130\">judg<span class=\"_ _0\"></span>ements, </span></div>\n<div class=\"t m0 x1a h4f ya92 ff90 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">estimates and as<span class=\"_ _0\"></span>sumptions:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya93 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya94 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya95 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f ya96 ff90 fs3a fc1f sc0 lse1 wsf0\" style=\"z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ya97 ff93 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Financial i<span class=\"_ _2\"></span>nstruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya98 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 2:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya99 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 wsf1\">The <span class=\"ws103\">valuation<span class=\"_ _2\"></span> model</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9a ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Inact<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f ya9b ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 3:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9c ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 ws103\">The valuation model</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9d ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The us<span class=\"_ _0\"></span>e of non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">market o<span class=\"_ _0\"></span>bservab<span class=\"_ _2b\"></span>le input<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x43 h4f ya9e ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Inact<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 ya9f ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment prop<span class=\"_ _0\"></span>erty: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa0 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The determinat<span class=\"_ _0\"></span>ion of the usef<span class=\"_ _2b\"></span>ul life and residua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yaa1 ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Loans: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa2 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">T<span class=\"_ _2\"></span>he valuation model</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaa3 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The use of para<span class=\"_ _0\"></span>meters s<span class=\"_ _2b\"></span>uch as <span class=\"lse2\">credit spread<span class=\"_ _2\"></span>, maturity and<span class=\"_ _2\"></span> interest </span></span></span></div>\n<div class=\"t m0 x43 h4f yaa4 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yaa5 ff93 fs3a fc1f sc0 lsfb wsfa\" style=\"z-index: 15;\">Asso<span class=\"_ _2\"></span>ciates:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Uncertainties<span class=\"_ _0\"></span> dependi<span class=\"_ _0\"></span>ng on the asset<span class=\"_ _0\"></span> mix, oper<span class=\"_ _0\"></span>ations an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>mark<span class=\"_ _2b\"></span>et </span></span></div>\n<div class=\"t m0 x43 h4f yaa7 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa8 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">Ap<span class=\"_ _2\"></span>plication of the requirem<span class=\"_ _2\"></span>ents for hyperinflationar<span class=\"_ _2\"></span>y economies and </span></span></div>\n<div class=\"t m0 x43 h4f yaa9 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment unit<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y7c5 ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span><span class=\"ws103\">i<span class=\"_ _2\"></span>mpairment testing<span class=\"ls0 ws0\">: </span></span></div>\n<div class=\"t m0 x7 h4f y7c6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The valuat<span class=\"lse2 ws103\">ion model</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h4f y7c7 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Financial and eco<span class=\"_ _2b\"></span>nomic variables<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c8 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The discount rat<span class=\"_ _0\"></span>e used<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c9 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">T<span class=\"_ _2\"></span>he inherent risk<span class=\"_ _2\"></span> premium of the en<span class=\"_ _2\"></span>tity</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h55 yaaa ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaab ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The determinat<span class=\"_ _0\"></span>ion of the usef<span class=\"_ _2b\"></span>ul life and residua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yaac ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>tax as<span class=\"_ _0\"></span>sets:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaad ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">Interpretatio<span class=\"_ _2b\"></span>n of tax regulat<span class=\"_ _2b\"></span>ions<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yaae ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">A<span class=\"_ _2\"></span>mount and timing of future tax<span class=\"_ _2\"></span>able income</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yaaf ff90 fs3a fc1f sc0 ls102 ws11d\" style=\"z-index: 15;\">Liabili<span class=\"_ _2\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yab0 ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act liabil<span class=\"_ _0\"></span>ities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yab1 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsef\">Life:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x6c h4f yab2 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 ws103\">The actuarial assump<span class=\"_ _2\"></span>tions used</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x6c h4f yab3 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The yie<span class=\"_ _0\"></span>ld curve us<span class=\"_ _0\"></span>ed in the Liab<span class=\"_ _0\"></span>ility Ade<span class=\"_ _0\"></span>quacy Test<span class=\"_ _0\"></span> (LAT<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">test)</span> </span></span></span></div>\n<div class=\"t m0 x6c h4f yab4 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The rein<span class=\"_ _2b\"></span>vestment prof<span class=\"_ _0\"></span>ile of the inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span> portfoli<span class=\"_ _2b\"></span>o, <span class=\"_ _2\"></span>cre<span class=\"_ _2b\"></span>dit risk </span></span></div>\n<div class=\"t m0 x1e6 h4f yab5 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">spread and<span class=\"_ _2\"></span> <span class=\"lse0\">mat<span class=\"_ _0\"></span>urity, w<span class=\"_ _2b\"></span>hen determinin<span class=\"_ _2b\"></span>g the shadow L<span class=\"_ _0\"></span>AT </span></div>\n<div class=\"t m0 x1e6 h4f yab6 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yab7 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsf1\">N<span class=\"_ _2\"></span>on</span><span class=\"ff90\">-<span class=\"ls102 ws11d\">life:</span> </span></span></div>\n<div class=\"t m0 x6c h4f yab8 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsfa\">The ex<span class=\"_ _2b\"></span>pected ultimate<span class=\"_ _2b\"></span> cost of claims <span class=\"_ _2b\"></span>reported at th<span class=\"_ _0\"></span>e reporti<span class=\"_ _2b\"></span>ng </span></span></div>\n<div class=\"t m0 x1e6 h4f yab9 ff90 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yaba ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The ex<span class=\"_ _0\"></span>pected ult<span class=\"_ _0\"></span>imate cost<span class=\"_ _0\"></span> of claims i<span class=\"_ _0\"></span>ncurred b<span class=\"_ _0\"></span>ut not yet </span></span></div>\n<div class=\"t m0 x1e6 h4f yabb ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reporte<span class=\"_ _0\"></span>d at the report<span class=\"_ _2b\"></span>ing date<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yabc ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Claim<span class=\"_ _0\"></span> adjustm<span class=\"_ _0\"></span>ent expens<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 yabd ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Pension obl<span class=\"_ _2\"></span>igations:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yabe ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">T<span class=\"_ _2\"></span>he actuarial assumptions used</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yabf ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The discount rat<span class=\"_ _0\"></span>e used<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yac0 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Inflation and sal<span class=\"_ _2b\"></span>ary evolutions<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 yac1 ff93 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yac2 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The likelihoo<span class=\"_ _0\"></span>d of a pres<span class=\"_ _2b\"></span>ent obligatio<span class=\"_ _0\"></span>n due to <span class=\"_ _0\"></span>events i<span class=\"_ _0\"></span>n the pas<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yac3 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The calculati<span class=\"_ _0\"></span>on <span class=\"wsef\">of<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">the best es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ed amount<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h55 yac4 ff93 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax liabilit<span class=\"_ _0\"></span>ies:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yac5 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsef\">Interpret<span class=\"lse2 ws103\">ation of tax regulations</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yac6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90\">A<span class=\"_ _2\"></span><span class=\"lse2 ws103\">mount and timing of future<span class=\"_ _2\"></span> taxable income</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 378px; height: 404px; width: 352px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 378px; height: 404px; width: 326px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 236px; height: 577px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yac7 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yac8 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yac9 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The notes<span class=\"_ _0\"></span> to th<span class=\"_ _0\"></span>ese <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolid<span class=\"_ _2b\"></span>ated <span class=\"ls0 ws0\">f<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">inancial </span>s<span class=\"_ _2\"></span></span><span class=\"wsf0\">tat<span class=\"_ _2b\"></span>ements provide a det<span class=\"_ _2b\"></span>ailed descript<span class=\"_ _0\"></span>ion on the app<span class=\"_ _0\"></span>licati<span class=\"_ _0\"></span>on of these es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es and assum<span class=\"_ _2b\"></span>ptions and their eff<span class=\"_ _2b\"></span>ect </span></span></div>\n<div class=\"t m0 x7 h4f yaca ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the repo<span class=\"_ _0\"></span>rted figur<span class=\"_ _0\"></span>es. Note <span class=\"ls0 ws0\">4 <span class=\"lse2 wsfa\">\u2018Risk Managem<span class=\"_ _2\"></span>ent\u2019 of these <span class=\"_ _2\"></span></span>c</span><span class=\"wsef\">onsol<span class=\"_ _0\"></span>idated <span class=\"ls0 ws0\">f</span>inanc<span class=\"_ _2b\"></span>ial <span class=\"_ _2\"></span><span class=\"ls0 ws0\">s</span><span class=\"wsfa\">tate<span class=\"_ _0\"></span>ments de<span class=\"_ _0\"></span>scribes<span class=\"_ _0\"></span> the way<span class=\"_ _2b\"></span> Ageas mitigat<span class=\"_ _0\"></span>es the v<span class=\"_ _0\"></span>arious r<span class=\"_ _0\"></span>isks<span class=\"ls0 ws0\"> </span>of the </span></span></div>\n<div class=\"t m0 x7 h4f yacb ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance op<span class=\"_ _2\"></span>erations.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 157px; height: 949px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 157px; height: 949px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 157px; height: 949px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 157px; height: 949px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 157px; height: 949px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff99 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.4<span class=\"ls0 ws0\"> <span class=\"_ _1ec\"> </span> </span></div>\n<div class=\"t m0 x7 h6a y79d ff99 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Events aft<span class=\"_ _2\"></span>er the reporting p<span class=\"_ _2\"></span>eriod<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Events af<span class=\"_ _0\"></span>ter the repo<span class=\"_ _2b\"></span>rting period are tho<span class=\"_ _0\"></span>se events,<span class=\"_ _0\"></span> favou<span class=\"_ _0\"></span>rable and</div>\n<div class=\"t m0 x7 h4f y79f ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unfavo<span class=\"_ _0\"></span>urable, t<span class=\"_ _2b\"></span>hat occur bet<span class=\"_ _0\"></span>ween the <span class=\"_ _0\"></span>end of t<span class=\"_ _0\"></span>he report<span class=\"_ _2b\"></span>ing period and t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y7a0 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date when t<span class=\"_ _0\"></span>he<span class=\"lse1\">se<span class=\"ls0 ws0\"> c</span></span><span class=\"wsef\">onsolidat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f</span>inanc<span class=\"_ _2b\"></span>ial <span class=\"ls0 ws0\">s<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">tatements are au<span class=\"_ _2\"></span>thorised for </span></span></span></div>\n<div class=\"t m0 x7 h4f y7a1 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issue by th<span class=\"_ _0\"></span>e Board of Ag<span class=\"_ _0\"></span>eas.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya7f ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya80 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Two types<span class=\"_ _0\"></span> of events ca<span class=\"_ _0\"></span>n be identif<span class=\"_ _0\"></span>ied:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya81 ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse0 wsfa\">Events that p<span class=\"_ _0\"></span>rovide e<span class=\"_ _0\"></span>vidence <span class=\"_ _0\"></span>of con<span class=\"_ _0\"></span>ditions t<span class=\"_ _2b\"></span>hat existed at<span class=\"_ _0\"></span> the end<span class=\"_ _0\"></span> of </span></span></div>\n<div class=\"t m0 x43 h4f ya82 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the report<span class=\"_ _2b\"></span>ing period, that res<span class=\"_ _2b\"></span>ult in an adjustment of<span class=\"_ _0\"></span> the <span class=\"lse2 wsf1\">amounts </span></div>\n<div class=\"t m0 x43 h4f ya83 ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span>n the<span class=\"lsfb\">se<span class=\"ls0 ws0\"> c<span class=\"lse0 wsef\">onsolidated </span>f<span class=\"ls102 ws11d\">inancial <span class=\"_ _2\"></span></span>s<span class=\"lse0 wsef\">tateme<span class=\"_ _2b\"></span>nts<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">and</span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f ya84 ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse0 wsf0\">Events that are in<span class=\"_ _0\"></span>dicativ<span class=\"_ _0\"></span>e of conditi<span class=\"_ _2b\"></span>ons that arose afte<span class=\"_ _0\"></span>r the report<span class=\"_ _2b\"></span>ing </span></span></div>\n<div class=\"t m0 x43 h4f yacd ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period, <span class=\"_ _2\"></span>that do not result<span class=\"_ _2\"></span> in an adjustment<span class=\"_ _2\"></span> of the amounts</div>\n<div class=\"t m0 x43 h4f yace ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span>n the<span class=\"lsfb\">se <span class=\"ls0 ws0\">c<span class=\"_ _2\"></span><span class=\"lse0 wsef\">onso<span class=\"_ _2b\"></span>lidated <span class=\"ls0 ws0\">f<span class=\"ls102 ws11d\">inan<span class=\"_ _2\"></span>cial </span>s</span><span class=\"wsf0\">tatements,<span class=\"_ _0\"></span> but<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">of whic<span class=\"_ _0\"></span>h </span></span></span></span></span></div>\n<div class=\"t m0 x43 h4f yacf ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the nat<span class=\"_ _0\"></span>ure and a<span class=\"_ _0\"></span>n estim<span class=\"_ _0\"></span>ate of its<span class=\"_ _0\"></span> financi<span class=\"_ _2b\"></span>al effect, or <span class=\"_ _0\"></span>a statem<span class=\"_ _0\"></span>ent that</div>\n<div class=\"t m0 x43 h4f yad0 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">such an esti<span class=\"_ _0\"></span>mate cann<span class=\"_ _2b\"></span>ot be made, is disclos<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yad1 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yad2 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">An overv<span class=\"_ _2b\"></span>iew of events af<span class=\"_ _0\"></span>ter the r<span class=\"_ _2b\"></span>eporting peri<span class=\"_ _0\"></span>od is inc<span class=\"_ _0\"></span>luded i<span class=\"_ _2b\"></span>n note <span class=\"wsef\">44<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yad3 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">\u2018Events <span class=\"_ _0\"></span>after th<span class=\"_ _2b\"></span>e date of the st<span class=\"_ _2b\"></span>atement of fin<span class=\"_ _2b\"></span>ancial positio<span class=\"_ _2b\"></span>n\u2019 of these<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yad4 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">c<span class=\"lse0 wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inanci<span class=\"_ _2\"></span>al </span>s</span>tatement<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></span></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a yad5 ff99 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">2.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yad6 ff99 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Information<span class=\"_ _0\"></span> on operating segments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yad7 ff97 fs3a fc14 sc0 ls110 ws103\" style=\"z-index: 15;\">Ageas's <span class=\"ls10d wsfa\">reportable operat<span class=\"_ _0\"></span>ing segments<span class=\"_ _2b\"></span> are primarily based on </span></div>\n<div class=\"t m0 x7 h4f yad8 ff97 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">geographical <span class=\"_ _0\"></span>areas<span class=\"wsfa\">. The reg<span class=\"_ _0\"></span>ional split is<span class=\"_ _0\"></span> based on the fact t<span class=\"_ _0\"></span>hat the </span></div>\n<div class=\"t m0 x7 h4f yad9 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">activities in thes<span class=\"_ _0\"></span>e <span class=\"ls111 ws12a\">areas<span class=\"ls0 ws0\"> </span></span>share the same nature a<span class=\"_ _0\"></span>nd economic</div>\n<div class=\"t m0 x7 h4f yada ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">characteristic<span class=\"_ _0\"></span>s and are managed <span class=\"_ _0\"></span>as such.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yadb ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yadc ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">End 2020, Ageas<span class=\"_ _0\"></span> appointed Fili<span class=\"_ _0\"></span>p Coremans as Ma<span class=\"_ _0\"></span>naging Director <span class=\"_ _0\"></span>Asia</div>\n<div class=\"t m0 x7 h4f yadd ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">and Antonio Cano <span class=\"_ _2b\"></span>as Managing Director Europe.<span class=\"_ _0\"></span> This change in</div>\n<div class=\"t m0 x7 h4f yade ff97 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">respo<span class=\"wsfa\">nsibilit<span class=\"_ _0\"></span>ies of two members of<span class=\"_ _0\"></span> the Executive C<span class=\"_ _2b\"></span>ommittee of Ageas </span></div>\n<div class=\"t m0 x7 h4f yadf ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reflects the grow<span class=\"_ _0\"></span>ing importanc<span class=\"_ _0\"></span>e of a dedicated regi<span class=\"_ _2b\"></span>onal focus and the</div>\n<div class=\"t m0 x7 h4f yae0 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">specific chall<span class=\"_ _0\"></span>enges and opport<span class=\"_ _0\"></span>unities bet<span class=\"_ _0\"></span>ween the regions.<span class=\"_ _2b\"></span> As a direct</div>\n<div class=\"t m0 x7 h4f yae1 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">consequence of<span class=\"_ _0\"></span> this change, wit<span class=\"_ _0\"></span>h effect of it<span class=\"_ _0\"></span>s new t<span class=\"ws130\">hree<span class=\"ls0 ws0\">-</span></span>year strat<span class=\"_ _0\"></span>egic plan</div>\n<div class=\"t m0 x7 h4f yae2 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">\u2018Impact 24\u2019, Ageas<span class=\"_ _0\"></span> decided to cha<span class=\"_ _0\"></span>nge its reportable o<span class=\"_ _2b\"></span>perating segments by</div>\n<div class=\"t m0 x7 h4f yae3 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">including the prev<span class=\"_ _2b\"></span>ious operating segment \u2018<span class=\"_ _0\"></span>United Kingdom\u2019<span class=\"_ _2b\"></span> into the</div>\n<div class=\"t m0 x7 h4f yae4 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">previous oper<span class=\"_ _0\"></span>ating segment \u2018C<span class=\"_ _0\"></span>ontinental Eu<span class=\"_ _0\"></span>rope\u2019, which has bee<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x7 h4f yae5 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">renamed to \u2018Eur<span class=\"_ _0\"></span>ope\u2019. This chang<span class=\"_ _2b\"></span>e applies for the annual reportin<span class=\"_ _2b\"></span>g period</div>\n<div class=\"t m0 x7 h4f yae6 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">starting on 1 Janu<span class=\"_ _0\"></span>ary 2022.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yae7 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yae8 ff97 fs3a fc14 sc0 ls110 ws103\" style=\"z-index: 15;\">Ageas's <span class=\"ls10d wsfa\">operating segment<span class=\"_ _0\"></span>s are:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yae9 ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 ls102 ws11d\">Be<span class=\"_ _2\"></span>lgium;</span><span class=\"ff97\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaea ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse2 wsf1\">Eu<span class=\"_ _2\"></span>rope</span><span class=\"ff97\"> <span class=\"lse0 wsf0\">(exclud<span class=\"_ _0\"></span>ing Belgi<span class=\"_ _0\"></span>um)<span class=\"ls0 ws0\">;  </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yaeb ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lsfb wsfa\">A<span class=\"_ _2\"></span>sia;</span><span class=\"ff97\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaec ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse2 wsf1\">R<span class=\"_ _2\"></span>einsurance</span><span class=\"ff97\">; <span class=\"lse2 wsf1\">and<span class=\"_ _2\"></span> </span> </span></span></div>\n<div class=\"t m0 x7 h4f yaed ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse0 wsf0\">General account.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yaee ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yaef ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Activities not rel<span class=\"_ _2b\"></span>ated to insurance and group eli<span class=\"_ _0\"></span>mination di<span class=\"_ _0\"></span>fferences are</div>\n<div class=\"t m0 x7 h4f yaf0 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reported separ<span class=\"_ _0\"></span>ately from the core i<span class=\"_ _2b\"></span>nsurance activities. Those non<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f yaf1 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">insurance activit<span class=\"_ _0\"></span>ies are report<span class=\"_ _0\"></span>ed in the operatin<span class=\"_ _0\"></span>g segment \u2018Gen<span class=\"_ _0\"></span>eral</div>\n<div class=\"t m0 x7 h4f yaf2 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">account\u2019, whic<span class=\"_ _0\"></span>h includes items suc<span class=\"_ _0\"></span>h as group financi<span class=\"_ _2b\"></span>ng and other holding</div>\n<div class=\"t m0 x7 h4f yaf3 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">activities. I<span class=\"_ _0\"></span>n addition, the oper<span class=\"_ _0\"></span>ating segment \u2018<span class=\"_ _2b\"></span>G<span class=\"_ _2\"></span>ener<span class=\"_ _0\"></span>al account\u2019 als<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yaf4 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">includes the inv<span class=\"_ _0\"></span>estment in Royal Pa<span class=\"_ _2b\"></span>rk Investments and the liabilit<span class=\"_ _0\"></span>ies</div>\n<div class=\"t m0 x1a h4f yaf5 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">related to CASHE<span class=\"_ _2b\"></span>S/RPN(I).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yaf6 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yaf7 ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Transactions<span class=\"_ _2\"></span> or transfers between the opera<span class=\"_ _2\"></span>ting segments occur u<span class=\"wsf1\">nder<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yaf8 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">normal c<span class=\"_ _2b\"></span>ommercial term<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>nditio<span class=\"_ _0\"></span>ns that w<span class=\"_ _2b\"></span>ould be availab<span class=\"_ _2b\"></span>le to</div>\n<div class=\"t m0 x1a h4f yaf9 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unrelat<span class=\"_ _0\"></span>ed third <span class=\"_ _2b\"></span>parties. Elim<span class=\"_ _0\"></span>inations <span class=\"_ _2b\"></span>are reported s<span class=\"_ _2b\"></span>eparately.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 99px; width: 351px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 236px; height: 508px; width: 351px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 104px; width: 351px; z-index: 3;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 236px; height: 513px; width: 351px; z-index: 3;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1a h6a yafa ff99 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">2.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a yafb ff99 fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Cons<span class=\"_ _2\"></span>olidation <span class=\"_ _2\"></span>princip<span class=\"_ _2\"></span>les<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yafc ff97 fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">Th<span class=\"ls0 ws0\">e<span class=\"lsfb wsfa\">se</span> <span class=\"_ _2\"></span>c<span class=\"lse2 wsf1\">onsolidated </span>f<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">inancial </span>s<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">tat<span class=\"_ _0\"></span>ements<span class=\"_ _0\"></span> includ<span class=\"_ _0\"></span>e the fi<span class=\"_ _0\"></span>nancia<span class=\"_ _0\"></span>l statem<span class=\"_ _2b\"></span>ents </span></span></div>\n<div class=\"t m0 x1a h4f yafd ff97 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">of <span class=\"ls0 ws0\">Ageas SA/NV<span class=\"lse0 wsfa\"> (t<span class=\"_ _2b\"></span>he parent comp<span class=\"_ _0\"></span>any) an<span class=\"_ _0\"></span>d its sub<span class=\"_ _0\"></span>sidiari<span class=\"_ _2b\"></span>es.<span class=\"ls0 ws0\"> </span></span></span></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yafe ff97 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Business comb<span class=\"_ _2\"></span>inations <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yaff ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When a set of ac<span class=\"_ _0\"></span>quired act<span class=\"_ _2b\"></span>ivities and assets m<span class=\"_ _2b\"></span>eets the definiti<span class=\"_ _0\"></span>on of a</div>\n<div class=\"t m0 x1a h4f yb00 ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business an<span class=\"_ _2\"></span>d control is tran<span class=\"_ _2\"></span>sferred to Ageas,<span class=\"_ _2\"></span> Ageas accounts <span class=\"lse0 wsf0\">for a </span></div>\n<div class=\"t m0 x1a h4f yb01 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> combinat<span class=\"_ _2b\"></span>ion using the acqu<span class=\"_ _0\"></span>isitio<span class=\"_ _0\"></span>n method. Fo<span class=\"_ _0\"></span>r the acquis<span class=\"_ _0\"></span>ition</div>\n<div class=\"t m0 x1a h4f yb02 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to be cons<span class=\"_ _2b\"></span>idered a busi<span class=\"_ _0\"></span>ness, th<span class=\"_ _2b\"></span>e acquired set of<span class=\"_ _0\"></span> activ<span class=\"_ _0\"></span>ities a<span class=\"_ _0\"></span>nd asset<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f yb03 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shall inc<span class=\"_ _0\"></span>lude an input<span class=\"_ _0\"></span> and a substa<span class=\"_ _0\"></span>ntive pr<span class=\"_ _0\"></span>ocess appl<span class=\"_ _2b\"></span>ied to the input,</div>\n<div class=\"t m0 x1a h4f yb04 ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">that together<span class=\"_ _2\"></span> significantly contribut<span class=\"lse0 wsfa\">e to the abilit<span class=\"_ _0\"></span>y to cre<span class=\"_ _0\"></span>ate outp<span class=\"_ _2b\"></span>uts. The </span></div>\n<div class=\"t m0 x1a h4f yb05 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>d process<span class=\"_ _0\"></span> (or group of pr<span class=\"_ _0\"></span>ocesses<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>is sub<span class=\"_ _0\"></span>stantiv<span class=\"_ _2b\"></span>e if it is critical to</div>\n<div class=\"t m0 x1a h4f yb06 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the abilit<span class=\"_ _0\"></span>y to devel<span class=\"_ _0\"></span>op or convert<span class=\"_ _0\"></span> an acquir<span class=\"_ _0\"></span>ed input int<span class=\"_ _0\"></span>o output o<span class=\"_ _0\"></span>r if it is</div>\n<div class=\"t m0 x1a h4f yb07 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">critical<span class=\"_ _2b\"></span> to the ability<span class=\"_ _0\"></span> to conti<span class=\"_ _2b\"></span>nue producing <span class=\"_ _0\"></span>outputs.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb08 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb09 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The cost <span class=\"_ _2b\"></span>of an acquisit<span class=\"_ _0\"></span>ion is me<span class=\"_ _0\"></span>asured a<span class=\"_ _0\"></span>s the agg<span class=\"_ _2b\"></span>regate of the</div>\n<div class=\"t m0 x1a h4f yb0a ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consideration<span class=\"_ _2\"></span> transferred, measured at <span class=\"wsf1\">the<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">fair v<span class=\"_ _2b\"></span>alue <span class=\"lsf4 ws10c\">at </span><span class=\"wsf0\">acquisition dat<span class=\"_ _2b\"></span>e </span></span></span></div>\n<div class=\"t m0 x1a h4f yb0b ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the amount<span class=\"_ _2\"></span> of any non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">control<span class=\"_ _0\"></span>ling int<span class=\"_ _2b\"></span>erest in the ac<span class=\"_ _0\"></span>quiree. <span class=\"_ _0\"></span>For eac<span class=\"_ _0\"></span>h </span></span></div>\n<div class=\"t m0 x1a h4f yb0c ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> combinat<span class=\"_ _2b\"></span>ion, Ageas has an opt<span class=\"_ _0\"></span>ion to m<span class=\"lse2 wsfa\">easure any non<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f yb0d ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>lling inte<span class=\"_ _0\"></span>rests in th<span class=\"_ _0\"></span>e acquire<span class=\"_ _0\"></span>e either at fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue or at the non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yb0e ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">controlling<span class=\"_ _2\"></span> interest\u2019s proportiona<span class=\"_ _2\"></span>te share of the acquiree\u2019s identi<span class=\"_ _2\"></span>fiable</div>\n<div class=\"t m0 x1a h4f yb0f ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">net asset<span class=\"_ _2b\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb10 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb11 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the busi<span class=\"_ _0\"></span>ness comb<span class=\"_ _0\"></span>ination is<span class=\"_ _0\"></span> achieved i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>stag<span class=\"_ _0\"></span>es, the prev<span class=\"_ _0\"></span>iously<span class=\"_ _0\"></span> held</div>\n<div class=\"t m0 x1a h4f yb12 ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equity in<span class=\"_ _2\"></span>t<span class=\"ws103\">erest in the acquiree is remea<span class=\"_ _2\"></span>sured at the fair value <span class=\"lsfc ws115\">a<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f yb13 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">acquisi<span class=\"_ _0\"></span>tion dat<span class=\"_ _2b\"></span>e and any result<span class=\"_ _0\"></span>ing gai<span class=\"_ _0\"></span>n or loss i<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n profit<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x1a h4f yb14 ff97 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 361px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 366px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yb15 ff97 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb16 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries a<span class=\"_ _0\"></span>re thos<span class=\"_ _0\"></span>e entities<span class=\"_ _0\"></span> over w<span class=\"_ _0\"></span>hich Ag<span class=\"_ _0\"></span>eas, eit<span class=\"_ _2b\"></span>her directly or</div>\n<div class=\"t m0 x1a h4f yb17 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">indirect<span class=\"_ _2b\"></span>ly, has the power to gov<span class=\"_ _2b\"></span>ern <span class=\"lse2 ws103\">the f<span class=\"_ _2\"></span>inancial and operating poli<span class=\"_ _2\"></span>cies <span class=\"lsf4 ws10c\">to </span></span></div>\n<div class=\"t m0 x1a h4f yb18 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">obtain b<span class=\"_ _0\"></span>enefits f<span class=\"_ _2b\"></span>rom the activ<span class=\"_ _0\"></span>ities (\u2018c<span class=\"_ _2b\"></span>ontrol\u2019). In a<span class=\"_ _0\"></span>ssess<span class=\"_ _0\"></span>ing wheth<span class=\"_ _0\"></span>er Ageas<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yb19 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>ls another e<span class=\"_ _2b\"></span>ntity, the existen<span class=\"_ _0\"></span>ce and effec<span class=\"_ _0\"></span>t of potent<span class=\"_ _0\"></span>ial voti<span class=\"_ _0\"></span>ng rights</div>\n<div class=\"t m0 x1a h4f yb1a ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that are <span class=\"_ _2\"></span>substantive in nat<span class=\"_ _2\"></span>ure, presently exer<span class=\"_ _2\"></span>cisable or presen<span class=\"lsfc ws115\">tl<span class=\"_ _2\"></span>y </span></div>\n<div class=\"t m0 x1a h4f yb1b ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">convert<span class=\"_ _0\"></span>ible, are c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>red. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb1c ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb1d ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries are c<span class=\"_ _0\"></span>onsolid<span class=\"_ _0\"></span>ated as of the dat<span class=\"_ _2b\"></span>e on which effecti<span class=\"_ _0\"></span>ve contr<span class=\"_ _0\"></span>ol is</div>\n<div class=\"t m0 x1a h4f yb1e ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">transferred <span class=\"_ _2\"></span>to Ageas and are<span class=\"_ _2\"></span> no longer consolida<span class=\"_ _2\"></span>ted from the dat<span class=\"_ _2\"></span>e on</div>\n<div class=\"t m0 x1a h4f yb1f ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which cont<span class=\"_ _2b\"></span>rol ceases. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb20 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb21 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries ac<span class=\"_ _2b\"></span>quired exclus<span class=\"_ _0\"></span>ively wit<span class=\"_ _2b\"></span>h a view to res<span class=\"_ _0\"></span>a<span class=\"lse2 ws103\">le are accounted for<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yb22 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">curre<span class=\"_ _0\"></span>nt asset<span class=\"_ _0\"></span>s held f<span class=\"_ _2b\"></span>or sale. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yb23 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb24 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Interco<span class=\"_ _0\"></span>mpany t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions (b<span class=\"_ _0\"></span>alances<span class=\"_ _2b\"></span> and gains or los<span class=\"_ _0\"></span>ses on</div>\n<div class=\"t m0 x1a h4f yb25 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions between <span class=\"wsf0\">t<span class=\"_ _0\"></span>he parent<span class=\"_ _0\"></span> company a<span class=\"_ _0\"></span>nd a subsidi<span class=\"_ _2b\"></span>ary) are </span></div>\n<div class=\"t m0 x1a h4f yb26 ff97 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 221px; height: 282px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 221px; height: 287px; width: 354px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 221px; height: 765px; width: 354px; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 220px; height: 886px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 220px; height: 886px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff9c fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Sale of a port<span class=\"_ _0\"></span>ion of <span class=\"wsfa\">owner<span class=\"_ _0\"></span>ship int<span class=\"_ _2b\"></span>erest in a subs<span class=\"_ _0\"></span>idiary<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Gains o<span class=\"_ _0\"></span>r losses <span class=\"_ _0\"></span>on the sa<span class=\"_ _2b\"></span>le of a portio<span class=\"_ _0\"></span>n of owne<span class=\"_ _0\"></span>rship int<span class=\"_ _2b\"></span>erest in a</div>\n<div class=\"t m0 x7 h4f y804 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiary<span class=\"_ _2\"></span> are recognised as <span class=\"_ _2\"></span>follow<span class=\"ls0 ws0\">s: </span></div>\n<div class=\"t m0 x7 h4f y805 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">If there is no loss of cont<span class=\"_ _0\"></span>rol, the tr<span class=\"_ _2b\"></span>ansaction is acc<span class=\"_ _0\"></span>ounted f<span class=\"_ _0\"></span>or as an </span></span></div>\n<div class=\"t m0 x43 h4f y806 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">equity t<span class=\"_ _2b\"></span>ransaction (i.<span class=\"_ _0\"></span>e. tran<span class=\"_ _0\"></span>sactio<span class=\"_ _0\"></span>n with ow<span class=\"_ _2b\"></span><span class=\"wsf0\">ners in their capac<span class=\"_ _0\"></span>ity as </span></div>\n<div class=\"t m0 x43 h4f y807 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">owner)<span class=\"ls0 ws0\">; <span class=\"_ _2\"></span><span class=\"lse0 wsef\">or</span> </span></div>\n<div class=\"t m0 x7 h4f y808 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">If there is a loss of contr<span class=\"_ _0\"></span>ol, the tr<span class=\"_ _0\"></span>ansact<span class=\"_ _0\"></span>ion is accou<span class=\"_ _0\"></span>nted for in th<span class=\"_ _0\"></span>e </span></span></div>\n<div class=\"t m0 x43 h4f y809 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement, calcul<span class=\"_ _0\"></span>ated on the tot<span class=\"_ _0\"></span>al partici<span class=\"_ _2b\"></span>pation. Any inte<span class=\"_ _0\"></span>rest</div>\n<div class=\"t m0 x43 h4f y80a ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">retaine<span class=\"_ _0\"></span>d in the f<span class=\"_ _0\"></span>ormer s<span class=\"_ _0\"></span>ubsidia<span class=\"_ _2b\"></span>ry is measured <span class=\"_ _0\"></span>at fair v<span class=\"_ _2b\"></span>alue at the</div>\n<div class=\"t m0 x43 h4f y80b ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">time of los<span class=\"lse2 ws103\">s of control. However, if the loss<span class=\"_ _2\"></span> of control results from a </span></div>\n<div class=\"t m0 x43 h4f y80c ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">monetary co<span class=\"_ _0\"></span>ntribut<span class=\"_ _0\"></span>ion of a s<span class=\"_ _2b\"></span>ubsidiary to an <span class=\"_ _2b\"></span>associate or <span class=\"_ _0\"></span>joint </span></span></div>\n<div class=\"t m0 x43 h4f y80d ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e, the gai<span class=\"_ _2b\"></span>n or loss is rec<span class=\"_ _2b\"></span>ognised only t<span class=\"_ _2b\"></span>o the extent of t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x43 h4f y80e ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">portion <span class=\"_ _0\"></span>of owner<span class=\"_ _2b\"></span>ship interest t<span class=\"_ _2b\"></span>hat has been t<span class=\"_ _2b\"></span>ransferred to<span class=\"_ _0\"></span> oth<span class=\"lse2 wsf1\">er </span></div>\n<div class=\"t m0 x43 h4f y80f ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">investors, re<span class=\"_ _2\"></span>sulting in a pa<span class=\"_ _2\"></span>rtial gain recog<span class=\"_ _2\"></span>nition.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 882px; height: 225px; width: 344px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y885 ff9c fs3a fc1f sc0 lsfb wsfa\" style=\"z-index: 15;\">Asso<span class=\"_ _2\"></span>ciates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y886 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments in a<span class=\"_ _2b\"></span>ssociates are t<span class=\"_ _2b\"></span>hose investme<span class=\"_ _2b\"></span>nts over which <span class=\"_ _0\"></span>Ageas h<span class=\"_ _0\"></span>as</div>\n<div class=\"t m0 x7 h4f y8cf ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">a significant<span class=\"_ _2\"></span> influence, i.e. power to part<span class=\"_ _2\"></span>icipate in the financial and<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y8d0 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operating poli<span class=\"_ _2\"></span>cy decisions of the investe<span class=\"_ _2\"></span>e, but i<span class=\"lse0 wsf0\">s not in co<span class=\"_ _0\"></span>ntrol or joi<span class=\"_ _2b\"></span>nt </span></div>\n<div class=\"t m0 x7 h4f y8d1 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">control.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d2 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d3 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments in ass<span class=\"_ _2b\"></span>ociates are accou<span class=\"_ _2b\"></span>nted for using the equ<span class=\"_ _0\"></span>ity metho<span class=\"_ _2b\"></span>d. At</div>\n<div class=\"t m0 x7 h4f yb28 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial recog<span class=\"_ _2\"></span>nition, the investment is rec<span class=\"_ _2\"></span>ognised at cost, which inc<span class=\"_ _2\"></span>ludes</div>\n<div class=\"t m0 x7 h4f yb29 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion costs. At subs<span class=\"_ _0\"></span>equent me<span class=\"_ _2b\"></span>asurement, the s<span class=\"_ _0\"></span>hare of net inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x7 h4f yb2a ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">for <span class=\"wsf0\">the year is r<span class=\"_ _2b\"></span>ecognised in the inc<span class=\"_ _0\"></span>ome state<span class=\"_ _0\"></span>ment as \u2018S<span class=\"_ _0\"></span>hare in resu<span class=\"_ _0\"></span>lt of </span></div>\n<div class=\"t m0 x7 h4f yb2b ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">associat<span class=\"_ _2b\"></span>es\u2019. <span class=\"lse2 wsf1\">Ageas<span class=\"_ _2\"></span>'s <span class=\"wsfa\">share in the<span class=\"_ _2\"></span> associate\u2019s post<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span></span><span class=\"wsf0\">acqui<span class=\"_ _2b\"></span>sition direct </span></div>\n<div class=\"t m0 x7 h4f yb2c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">equity movemen<span class=\"_ _2\"></span>ts is recognised in other compreh<span class=\"_ _2\"></span>ensive income.</div>\n<div class=\"t m0 x7 h4f yb2d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Distrib<span class=\"_ _0\"></span>utions r<span class=\"_ _0\"></span>eceived fr<span class=\"_ _0\"></span>om associ<span class=\"_ _0\"></span>ates red<span class=\"_ _0\"></span>uce the car<span class=\"_ _0\"></span>r<span class=\"wsfa\">ying am<span class=\"_ _0\"></span>ount of t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y962 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y963 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y964 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span>s in joint ve<span class=\"_ _0\"></span>ntures, w<span class=\"_ _0\"></span>hereby j<span class=\"_ _0\"></span>oint contr<span class=\"_ _0\"></span>ol of an arran<span class=\"_ _0\"></span>geme<span class=\"lsf4 ws10c\">nt </span></div>\n<div class=\"t m0 x7 h4f y965 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provide<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Ageas ri<span class=\"_ _0\"></span>ghts to t<span class=\"_ _2b\"></span>he net assets of<span class=\"_ _0\"></span> that j<span class=\"_ _0\"></span>oint arr<span class=\"_ _0\"></span>angem<span class=\"_ _0\"></span>ent, are </span></div>\n<div class=\"t m0 x7 h4f y966 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for as in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span>s in assoc<span class=\"_ _0\"></span>iates.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 41px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y967 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y968 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Gains on transa<span class=\"_ _2\"></span>ctions between Ageas and<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">investments acc<span class=\"_ _2b\"></span>ounted for </span></span></div>\n<div class=\"t m0 x7 h4f y969 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using the e<span class=\"_ _0\"></span>quity meth<span class=\"_ _0\"></span>od are elim<span class=\"_ _0\"></span>inated t<span class=\"_ _0\"></span>o the extent<span class=\"_ _0\"></span> of <span class=\"lse2 wsf1\">Ageas's <span class=\"_ _2\"></span></span><span class=\"wsef\">int<span class=\"_ _0\"></span>erest. </span></div>\n<div class=\"t m0 x7 h4f y96a ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Losses ar<span class=\"_ _0\"></span>e also elimi<span class=\"_ _2b\"></span>nated unless the<span class=\"_ _0\"></span> transact<span class=\"_ _0\"></span>ion provi<span class=\"_ _0\"></span>des evide<span class=\"_ _0\"></span>nce of</div>\n<div class=\"t m0 x7 h4f y96b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">an impa<span class=\"_ _0\"></span>irment of<span class=\"_ _0\"></span> the ass<span class=\"_ _0\"></span>et trans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d. Losse<span class=\"_ _0\"></span>s are rec<span class=\"_ _2b\"></span>ognised until t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y96c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amo<span class=\"lse0 wsfa\">unt of the inv<span class=\"_ _2b\"></span>estment is red<span class=\"_ _0\"></span>uced t<span class=\"_ _0\"></span>o zero. A<span class=\"_ _0\"></span>ddition<span class=\"_ _2b\"></span>al losses </span></div>\n<div class=\"t m0 x7 h4f y96d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are only rec<span class=\"_ _2b\"></span>ognised to the ext<span class=\"_ _0\"></span>ent that Age<span class=\"_ _0\"></span>as has incu<span class=\"_ _0\"></span>rred legal<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x7 h4f y96e ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ctive obl<span class=\"_ _2b\"></span>igations or made pay<span class=\"_ _2b\"></span>ments on behalf of an as<span class=\"_ _0\"></span>sociat<span class=\"_ _0\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96f ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y970 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">te<span class=\"_ _0\"></span>rm inter<span class=\"_ _0\"></span>ests (e.g. i<span class=\"_ _0\"></span>nter<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">company loans) <span class=\"_ _2\"></span>in an </span></span>associat<span class=\"_ _0\"></span>e or </span></span></div>\n<div class=\"t m0 x7 h4f y971 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">joint v<span class=\"_ _0\"></span>enture th<span class=\"_ _2b\"></span>at form part of t<span class=\"_ _2b\"></span>he net invest<span class=\"_ _0\"></span>ment in t<span class=\"_ _0\"></span>he assoc<span class=\"_ _2b\"></span>iate or joint</div>\n<div class=\"t m0 x7 h4f y972 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e, but to whic<span class=\"_ _0\"></span>h the equity m<span class=\"_ _2b\"></span>ethod is not appli<span class=\"_ _0\"></span>ed, IAS 39 is ap<span class=\"_ _0\"></span>plied.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 41px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 472px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 477px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y8a3 ff9c fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Dispos<span class=\"_ _0\"></span>al of subsid<span class=\"_ _0\"></span>iaries,<span class=\"_ _0\"></span> business<span class=\"_ _2b\"></span>es and non<span class=\"ls0 ws0\">-</span>current as<span class=\"_ _0\"></span>sets <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2e ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">A non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">cur<span class=\"_ _2b\"></span>rent asset (or <span class=\"_ _0\"></span>disposa<span class=\"_ _0\"></span>l group, s<span class=\"_ _2b\"></span>uch as subsidi<span class=\"_ _0\"></span>aries) i<span class=\"_ _0\"></span>s </span></div>\n<div class=\"t m0 x7 h4f yb2f ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">classif<span class=\"_ _0\"></span>ied as \u2018hel<span class=\"_ _0\"></span>d for sale\u2019 if it is<span class=\"_ _0\"></span> availab<span class=\"_ _0\"></span>le for imm<span class=\"_ _0\"></span>ediate sale in<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>its</div>\n<div class=\"t m0 x7 h4f yb30 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> conditio<span class=\"_ _2b\"></span>n and if its sale is high<span class=\"_ _0\"></span>ly probab<span class=\"_ _0\"></span>le. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y977 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">A sale i<span class=\"_ _2\"></span>s highly probable i<span class=\"_ _2\"></span>f:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y978 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 wsfa\">T<span class=\"_ _2\"></span>here is evidence o<span class=\"_ _2\"></span>f managemen<span class=\"lsf4 ws0\">t commitment;<span class=\"ls0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y979 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">There is an act<span class=\"_ _0\"></span>ive pro<span class=\"_ _0\"></span>gramme t<span class=\"_ _2b\"></span>o locate a buye<span class=\"_ _0\"></span>r and co<span class=\"_ _0\"></span>mplete t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x6c h4f y97a ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">plan;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97b ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">T<span class=\"_ _2\"></span>he asset is actively marketed<span class=\"_ _2\"></span> for sale at a reasonable pric<span class=\"_ _2\"></span>e </span></span></div>\n<div class=\"t m0 x6c h4f y97c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compared to i<span class=\"_ _2\"></span>ts fair value;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97d ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">The sale is expect<span class=\"_ _0\"></span>ed to be comp<span class=\"_ _0\"></span>leted wit<span class=\"_ _0\"></span>hin 12 month<span class=\"_ _2b\"></span>s of the date </span></span></div>\n<div class=\"t m0 x6c h4f yb32 ff9c fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">of cla<span class=\"_ _2\"></span>ssificat<span class=\"_ _2\"></span>io<span class=\"ls0 ws0\">n; <span class=\"lse2 wsf1\">a<span class=\"_ _2\"></span>nd</span> </span></div>\n<div class=\"t m0 x1a h4f yb33 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">A<span class=\"_ _2\"></span>ctions required to complete<span class=\"_ _2\"></span> the plan indicate that it is<span class=\"_ _2\"></span> unlikely that </span></span></div>\n<div class=\"t m0 x6c h4f yb34 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">there wi<span class=\"_ _0\"></span>ll be si<span class=\"_ _0\"></span>gnifica<span class=\"_ _2b\"></span>nt changes to th<span class=\"_ _2b\"></span>e plan or that it <span class=\"_ _2b\"></span>will be</div>\n<div class=\"t m0 x6c h4f yb35 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">withdr<span class=\"_ _0\"></span>awn.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb36 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb37 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">current asset<span class=\"_ _2b\"></span>s (or disposal grou<span class=\"_ _0\"></span>ps) class<span class=\"_ _0\"></span>ified as hel<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>for sa<span class=\"_ _0\"></span>le are </span></span></div>\n<div class=\"t m0 x1a h4f yb38 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at the lowe<span class=\"_ _2b\"></span>r of <span class=\"_ _2\"></span>the<span class=\"_ _2b\"></span>ir carrying amount a<span class=\"_ _2b\"></span>nd their fair value les<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f yb39 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">costs to s<span class=\"_ _2b\"></span>ell. Further<span class=\"_ _0\"></span>more, fol<span class=\"_ _2b\"></span>lowing charact<span class=\"_ _2b\"></span>eristic apply:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3a ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">Measurement at<span class=\"_ _0\"></span> the lo<span class=\"_ _0\"></span>wer of th<span class=\"_ _0\"></span>e carry<span class=\"_ _2b\"></span>ing amount an<span class=\"_ _0\"></span>d fair val<span class=\"_ _2b\"></span>ue less </span></span></div>\n<div class=\"t m0 x6c h4f yb3b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">costs to s<span class=\"_ _2b\"></span>ell does not ap<span class=\"_ _0\"></span>ply to as<span class=\"_ _0\"></span>sets t<span class=\"_ _0\"></span>hat are e<span class=\"_ _0\"></span>xempt fr<span class=\"_ _2b\"></span>om this rule,</div>\n<div class=\"t m0 x6c h4f yb3c ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">such as (re<span class=\"_ _0\"></span>)<span class=\"wsfa\">insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>ract li<span class=\"_ _0\"></span>abiliti<span class=\"_ _0\"></span>es withi<span class=\"_ _0\"></span>n the sc<span class=\"_ _0\"></span>ope of IF<span class=\"_ _2b\"></span>RS 4, </span></div>\n<div class=\"t m0 x6c h4f yb3d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets w<span class=\"_ _0\"></span>ithin the<span class=\"_ _0\"></span> scope of IAS 39,<span class=\"_ _0\"></span> deferr<span class=\"_ _0\"></span>ed tax assets</div>\n<div class=\"t m0 x6c h4f yb3e ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">within t<span class=\"_ _0\"></span>he scop<span class=\"_ _0\"></span>e of IAS <span class=\"_ _0\"></span>12 and as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>ising f<span class=\"_ _0\"></span>rom emp<span class=\"_ _0\"></span>loyee</div>\n<div class=\"t m0 x6c h4f yb3f ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s withi<span class=\"_ _0\"></span>n the sco<span class=\"_ _0\"></span>pe of IAS <span class=\"_ _2b\"></span>19;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb40 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Current assets a<span class=\"_ _0\"></span>nd all liabil<span class=\"_ _0\"></span>ities <span class=\"lse2 ws103\">are measured applying the<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x6c h4f yb41 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applicable IFRS<span class=\"_ _2\"></span> standard;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb42 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Not depreciate<span class=\"_ _0\"></span>d or amortis<span class=\"_ _0\"></span>ed; and<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb43 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">Presented sep<span class=\"_ _0\"></span>arately<span class=\"_ _0\"></span> in the co<span class=\"_ _2b\"></span>nsolidated sta<span class=\"_ _0\"></span>tement <span class=\"_ _0\"></span>of finan<span class=\"_ _0\"></span>cial </span></span></div>\n<div class=\"t m0 x6c h4f yb44 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n, witho<span class=\"_ _0\"></span>ut offsett<span class=\"_ _0\"></span>ing of asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilities.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb45 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb46 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The date of dis<span class=\"_ _2b\"></span>posal of a subsidia<span class=\"_ _0\"></span>ry or disp<span class=\"_ _0\"></span>osal <span class=\"lse2 ws103\">group is the date on </span></div>\n<div class=\"t m0 x1a h4f yb47 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which cont<span class=\"_ _2b\"></span>rol passes. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb48 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb49 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed incom<span class=\"_ _2b\"></span>e statement inc<span class=\"_ _0\"></span>ludes t<span class=\"_ _2b\"></span>he results of <span class=\"_ _0\"></span>a subsidi<span class=\"_ _0\"></span>ary</div>\n<div class=\"t m0 x1a h4f yb4a ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or a disposa<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>grou<span class=\"_ _2b\"></span>p up to <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e date of disp<span class=\"_ _2b\"></span>osal. The gain or loss o<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x1a h4f yb4b ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span> is the diff<span class=\"_ _0\"></span>erence bet<span class=\"_ _0\"></span>ween:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4c ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">The proceeds of<span class=\"_ _0\"></span> the sal<span class=\"_ _2b\"></span>e; and <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb4d ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">T<span class=\"_ _2\"></span>he c<span class=\"lse0 wsf0\">arry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of the net ass<span class=\"_ _2b\"></span>ets plus any attribut<span class=\"_ _2b\"></span>able goodwill </span></span></span></div>\n<div class=\"t m0 x6c h4f yb4e ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and amou<span class=\"_ _0\"></span>nts accumu<span class=\"_ _2b\"></span>lated in other comp<span class=\"_ _0\"></span>rehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e (for</div>\n<div class=\"t m0 x6c h4f yb4f ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">example,<span class=\"_ _0\"></span> foreign t<span class=\"_ _0\"></span>ranslati<span class=\"_ _2b\"></span>on adjustments an<span class=\"_ _0\"></span>d availab<span class=\"_ _2b\"></span>le<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-<span class=\"lsfb wsfa\">sal<span class=\"_ _2\"></span>e </span></span></div>\n<div class=\"t m0 x6c h4f yb50 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reserves<span class=\"_ _2b\"></span>).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb51 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f yb52 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A discont<span class=\"_ _0\"></span>inued op<span class=\"_ _0\"></span>eration is a pa<span class=\"_ _2b\"></span>rt of Ageas that has be<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\"> </span>dispos<span class=\"_ _0\"></span>ed of or</div>\n<div class=\"t m0 x1a h4f yb53 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is classif<span class=\"_ _2b\"></span>ied as held for sale and:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb54 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 wsfa\">R<span class=\"_ _2\"></span>epresents a separ<span class=\"_ _2\"></span>ate major line of<span class=\"_ _2\"></span> business or geog<span class=\"_ _2\"></span>raphical area </span></span></div>\n<div class=\"t m0 x6c h4f yb55 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of operat<span class=\"_ _0\"></span>ions;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb56 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">Is<span class=\"_ _2\"></span> part of a single co</span><span class=\"ff9c\">-<span class=\"lse2 ws103\">ord<span class=\"_ _2\"></span>inated plan to dispose of a<span class=\"_ _2\"></span> separate major </span></span></span></div>\n<div class=\"t m0 x6c h4f yb57 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">line of bu<span class=\"_ _2\"></span>siness or geograph<span class=\"_ _2\"></span>ical area of oper<span class=\"_ _2\"></span>ations<span class=\"ls0 ws0\">; o<span class=\"lse0 wsef\">r </span> </span></div>\n<div class=\"t m0 x1a h4f yb58 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Is a <span class=\"_ _2\"></span>su<span class=\"_ _0\"></span>bsidiary<span class=\"_ _0\"></span> acquir<span class=\"_ _0\"></span>ed exclus<span class=\"_ _0\"></span>ively with a v<span class=\"_ _0\"></span>iew to resa<span class=\"_ _0\"></span>le.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb59 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb5a ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Results on<span class=\"_ _2\"></span> discontinued operat<span class=\"_ _2\"></span>ions are presented<span class=\"_ _2\"></span> separately in t<span class=\"_ _2\"></span>he</div>\n<div class=\"t m0 x1a h4f yb5b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 152px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 62px; width: 321px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 776px; width: 354px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 67px; width: 321px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yb31 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 298px; height: 808px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ffa2 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ffa2 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Foreign currency<span class=\"ls0 ws0\"> <span class=\"ls10f ws132\">transactions<span class=\"_ _0\"></span> and balances<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y79e ffa0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Individual <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">ent<span class=\"_ _0\"></span>ities of<span class=\"_ _0\"></span> Ageas ac<span class=\"_ _2b\"></span>count for for<span class=\"_ _0\"></span>eign cur<span class=\"_ _0\"></span>rency t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions </span></div>\n<div class=\"t m0 x7 h4f y79f ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">using t<span class=\"_ _0\"></span>he excha<span class=\"_ _0\"></span>nge rat<span class=\"_ _0\"></span>e at the <span class=\"_ _0\"></span>date of t<span class=\"_ _0\"></span>he trans<span class=\"_ _2b\"></span>action.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7a0 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7a1 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At the end of a rep<span class=\"_ _2b\"></span>orting period, outs<span class=\"_ _0\"></span>tandin<span class=\"_ _0\"></span>g balanc<span class=\"_ _0\"></span>es in foreig<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f ya7f ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">currenci<span class=\"_ _2b\"></span>es on monetary items<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>e translat<span class=\"_ _0\"></span>ed at the exc<span class=\"_ _0\"></span>hange rat<span class=\"_ _0\"></span>e at the</div>\n<div class=\"t m0 x7 h4f ya80 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"lse2 ws103\">nd of the rep<span class=\"_ _2\"></span>orting period. Foreign<span class=\"_ _2\"></span> exchange differences ari<span class=\"_ _2\"></span>sing from </span></div>\n<div class=\"t m0 x7 h4f ya81 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">monetary<span class=\"_ _0\"></span> assets th<span class=\"_ _0\"></span>at are class<span class=\"_ _0\"></span>ified as av<span class=\"_ _0\"></span>ailable<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for<span class=\"_ _2\"></span></span>-<span class=\"lse2 wsfa\">sale are re<span class=\"_ _2\"></span>cognised </span></span></div>\n<div class=\"t m0 x7 h4f ya82 ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> for the <span class=\"_ _2b\"></span>exchange diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s result<span class=\"_ _0\"></span>ing from</div>\n<div class=\"t m0 x7 h4f ya83 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes in a<span class=\"_ _2b\"></span>mortised cost. Ot<span class=\"_ _0\"></span>her fair val<span class=\"_ _2b\"></span>ue gains and losses o<span class=\"_ _0\"></span>n those</div>\n<div class=\"t m0 x7 h4f ya84 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents are re<span class=\"_ _2b\"></span>cognised in other c<span class=\"_ _0\"></span>ompreh<span class=\"_ _0\"></span>ensive inc<span class=\"_ _2b\"></span>ome.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yacd ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yace ffa0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">monetary ite<span class=\"_ _0\"></span>ms that are me<span class=\"_ _2b\"></span>asured in terms of his<span class=\"_ _0\"></span>torical<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>cost<span class=\"_ _0\"></span> are </span></span></div>\n<div class=\"t m0 x7 h4f yacf ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ated usin<span class=\"_ _2b\"></span>g the historic<span class=\"_ _0\"></span>al excha<span class=\"_ _2b\"></span>nge rate that ex<span class=\"_ _2b\"></span>isted at the dat<span class=\"_ _2b\"></span>e of</div>\n<div class=\"t m0 x7 h4f yad0 ffa0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the transaction<span class=\"_ _2\"></span>. Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">moneta<span class=\"_ _0\"></span>ry<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">items t<span class=\"_ _0\"></span>hat are m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r value a<span class=\"_ _0\"></span>re </span></span></span></div>\n<div class=\"t m0 x7 h4f yad1 ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ated usin<span class=\"_ _0\"></span>g the ex<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e rate at<span class=\"_ _2b\"></span> the date that t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue is</div>\n<div class=\"t m0 x7 h4f yad2 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned. The resulting<span class=\"_ _0\"></span> exchange g<span class=\"_ _2b\"></span>ains or losses are rec<span class=\"_ _0\"></span>ognised i<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f yad3 ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement as <span class=\"_ _0\"></span>change <span class=\"_ _0\"></span>in forei<span class=\"_ _0\"></span>gn curre<span class=\"_ _0\"></span>ncy diff<span class=\"_ _2b\"></span>erences, exce<span class=\"_ _0\"></span>pt</div>\n<div class=\"t m0 x7 h4f yad4 ffa0 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">those non</span>-<span class=\"lse0 wsfa\">mon<span class=\"_ _0\"></span>etary it<span class=\"_ _0\"></span>ems whos<span class=\"_ _0\"></span>e fair val<span class=\"_ _2b\"></span>ue change is r<span class=\"_ _0\"></span>ecorded <span class=\"_ _0\"></span>in </span></span></div>\n<div class=\"t m0 x7 h4f yb5e ffa0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">other compre<span class=\"_ _2\"></span>hensive income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7b1 ffa0 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Foreign curre<span class=\"_ _2\"></span>ncy translation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7b2 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Upon consolidat<span class=\"_ _0\"></span>ion, Ageas tra<span class=\"_ _0\"></span>nslates the st<span class=\"_ _0\"></span>atement of financ<span class=\"_ _0\"></span>ial position of</div>\n<div class=\"t m0 x7 h4f y7b3 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">foreign entities,<span class=\"_ _0\"></span> whose function<span class=\"_ _0\"></span>al currency is<span class=\"_ _0\"></span> not denominated i<span class=\"_ _0\"></span>n euro, and</div>\n<div class=\"t m0 x7 h4f y7b4 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">whose economy i<span class=\"_ _0\"></span>s not considered hy<span class=\"_ _0\"></span>perinflation<span class=\"_ _0\"></span>ary at the report<span class=\"_ _0\"></span>ing date,</div>\n<div class=\"t m0 x7 h4f y7b5 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">using the excha<span class=\"_ _0\"></span>nge rate prevaili<span class=\"_ _0\"></span>ng at the date of the s<span class=\"_ _0\"></span>tatement of f<span class=\"_ _0\"></span>inancial</div>\n<div class=\"t m0 x7 h4f y7b6 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">position. The inc<span class=\"_ _0\"></span>ome statement<span class=\"_ _0\"></span> and cash flow s<span class=\"_ _0\"></span>tatement of t<span class=\"_ _0\"></span>hose foreign</div>\n<div class=\"t m0 x7 h4f y7b7 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">entities is transl<span class=\"_ _2b\"></span>ated at the average daily exc<span class=\"_ _0\"></span>hange rates for t<span class=\"_ _0\"></span>he current</div>\n<div class=\"t m0 x7 h4f y7b8 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reporting period (<span class=\"_ _2b\"></span>or exceptionally at the exchang<span class=\"_ _2b\"></span>e rate at the date of the</div>\n<div class=\"t m0 x7 h4f y7b9 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">transaction if<span class=\"_ _0\"></span> exchange rates f<span class=\"_ _0\"></span>luctuate signif<span class=\"_ _0\"></span>icantly).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7ba ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7bb ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Ageas recognis<span class=\"_ _0\"></span>es exchange dif<span class=\"_ _0\"></span>ferences on f<span class=\"_ _0\"></span>oreign entities in ot<span class=\"_ _0\"></span>he<span class=\"ws130\">r </span></div>\n<div class=\"t m0 x7 h4f y7bc ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">comprehensive i<span class=\"_ _2b\"></span>ncome. On disposal of a foreign e<span class=\"_ _0\"></span>ntity, previously</div>\n<div class=\"t m0 x7 h4f y7bd ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">recognised exc<span class=\"_ _0\"></span>hange differenc<span class=\"_ _0\"></span>es are recycl<span class=\"_ _0\"></span>ed and are reclass<span class=\"_ _0\"></span>ified from</div>\n<div class=\"t m0 x7 h4f y7be ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">other comprehe<span class=\"_ _0\"></span>nsive income t<span class=\"_ _0\"></span>o the income stat<span class=\"_ _0\"></span>ement as part of<span class=\"_ _0\"></span> the gain</div>\n<div class=\"t m0 x7 h4f y7bf ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">or loss on the sale. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7c0 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7c1 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Exchange diff<span class=\"_ _0\"></span>erences arising on m<span class=\"_ _2b\"></span>onetary items, borrowings<span class=\"_ _0\"></span> and other</div>\n<div class=\"t m0 x7 h4f y7c2 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">currency instrum<span class=\"_ _2b\"></span>ents, designated as hedges of a net<span class=\"_ _0\"></span> investment in a</div>\n<div class=\"t m0 x7 h4f y7c3 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">foreign entity,<span class=\"_ _0\"></span> are recognised in ot<span class=\"_ _0\"></span>her comprehens<span class=\"_ _0\"></span>ive income, until t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f yb5f ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">disposal of the net<span class=\"_ _0\"></span> investment, ex<span class=\"_ _0\"></span>cept for any hedg<span class=\"_ _0\"></span>e ineffectivenes<span class=\"_ _0\"></span>s that is</div>\n<div class=\"t m0 x1a h4f yb60 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">immediately rec<span class=\"_ _0\"></span>ognised in the i<span class=\"_ _0\"></span>ncome statement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb61 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb62 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Goodwill and fai<span class=\"_ _0\"></span>r value adjustme<span class=\"_ _2b\"></span>nts arising on the acquisiti<span class=\"_ _0\"></span>on of a foreign</div>\n<div class=\"t m0 x1a h4f yb63 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">entity are treat<span class=\"_ _0\"></span>ed as assets and lia<span class=\"_ _0\"></span>bilities of the f<span class=\"_ _0\"></span>oreign entity and are</div>\n<div class=\"t m0 x1a h4f yb64 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">translated at t<span class=\"_ _0\"></span>he closing exchang<span class=\"_ _2b\"></span>e rate on the date of the statement of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yb65 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">financial positi<span class=\"_ _2b\"></span>on. Ageas recognises all result<span class=\"_ _0\"></span>ing exchange dif<span class=\"_ _0\"></span>ferences in</div>\n<div class=\"t m0 x1a h4f yb66 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">other comprehe<span class=\"_ _0\"></span>nsive income unt<span class=\"_ _0\"></span>il disposal of t<span class=\"_ _0\"></span>he foreign entit<span class=\"_ _0\"></span>y. At that</div>\n<div class=\"t m0 x1a h4f yb67 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">moment, a recyc<span class=\"_ _0\"></span>ling to the incom<span class=\"_ _0\"></span>e statement takes pl<span class=\"_ _2b\"></span>ace. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb68 ffa0 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Hyperinf<span class=\"_ _2b\"></span>lation in T\u00fcrkiye<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb69 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"ls10d wsfa\">onsidering the crit<span class=\"_ _2b\"></span>eria in IAS 29 \u2018Financial repo<span class=\"_ _0\"></span>rting in hyperinf<span class=\"_ _0\"></span>lationary </span></div>\n<div class=\"t m0 x1a h4f yb6a ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">economies\u2019, the T<span class=\"_ _0\"></span>urkish econ<span class=\"_ _0\"></span>omy is considered to b<span class=\"_ _2b\"></span>e hyperinflationary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb6b ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">on 31 December 2<span class=\"_ _0\"></span>022. At that date,<span class=\"_ _0\"></span> the three<span class=\"ls0 ws0\">-</span>year c<span class=\"_ _0\"></span>umulative inf<span class=\"_ _0\"></span>lation in</div>\n<div class=\"t m0 x1a h4f yb6c ffa0 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">T\u00fcrk<span class=\"ls110 ws103\">iye<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">exceeds 10<span class=\"_ _2b\"></span>0% (<span class=\"ws130\">156<span class=\"wsf0\">%), based o</span></span>n the consumer pric<span class=\"_ _0\"></span>e index </span></div>\n<div class=\"t m0 x1a h4f yb6d ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">published by the T<span class=\"_ _0\"></span>urkish Statist<span class=\"_ _0\"></span>ical Instit<span class=\"_ _0\"></span>ute. Consequently,<span class=\"_ _2b\"></span> Ageas applied</div>\n<div class=\"t m0 x1a h4f yb6e ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">in these <span class=\"ls0 ws0\">c</span><span class=\"ws130\">onsoli<span class=\"_ _0\"></span>dated <span class=\"ls0 ws0\">f<span class=\"ls113 ws104\">inancial </span>s</span><span class=\"wsfa\">t<span class=\"_ _0\"></span>atements for t<span class=\"_ _0\"></span>he first time the </span></span></div>\n<div class=\"t m0 x1a h4f yb6f ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">requirements in I<span class=\"_ _0\"></span>AS 29 to the financ<span class=\"_ _0\"></span>ial statement<span class=\"_ _0\"></span>s of its Turkish as<span class=\"_ _0\"></span>sociates</div>\n<div class=\"t m0 x1a h4f yb70 ffa0 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">\u2018Aksigorta<span class=\"ls111 ws103\">\u2019 and \u2018AgeSA\u2019.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yb71 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb72 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">An entity that is req<span class=\"_ _2b\"></span>uired to apply IAS 29 shall state t<span class=\"_ _0\"></span>he financial</div>\n<div class=\"t m0 x1a h4f yb73 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">statements that<span class=\"_ _0\"></span> are prepared in the c<span class=\"_ _0\"></span>urrency of a hyp<span class=\"_ _2b\"></span>erinflationary</div>\n<div class=\"t m0 x1a h4f yb74 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">economy in the ter<span class=\"_ _0\"></span>ms of their purchas<span class=\"_ _0\"></span>ing power at the r<span class=\"_ _0\"></span>eporting date. T<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yb75 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">calculate its sha<span class=\"_ _0\"></span>re in the net asset<span class=\"_ _0\"></span>s and results of t<span class=\"_ _0\"></span>hese Turkish</div>\n<div class=\"t m0 x1a h4f yb76 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">associates, Ag<span class=\"_ _0\"></span>eas adjusts no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-</span>monetary as<span class=\"_ _0\"></span>sets and liabilit<span class=\"_ _2b\"></span>ies stated at</div>\n<div class=\"t m0 x1a h4f yb77 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">historical cost<span class=\"_ _0\"></span>, equity and items<span class=\"_ _0\"></span> in the income stat<span class=\"_ _0\"></span>ement for chan<span class=\"_ _2b\"></span>ges in</div>\n<div class=\"t m0 x1a h4f yb78 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">purchasing pow<span class=\"_ _0\"></span>er, using the consum<span class=\"_ _2b\"></span>er price index published by the</div>\n<div class=\"t m0 x1a h4f yb79 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Turkish Statisti<span class=\"_ _0\"></span>cal Institut<span class=\"_ _0\"></span>e. In a second st<span class=\"_ _0\"></span>ep, the adjusted<span class=\"_ _0\"></span> financial</div>\n<div class=\"t m0 x1a h4f yb7a ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">statements ar<span class=\"_ _0\"></span>e translated into e<span class=\"_ _0\"></span>uros at the excha<span class=\"_ _0\"></span>nge rate on 31 Dec<span class=\"_ _0\"></span>ember</div>\n<div class=\"t m0 x1a h4f yb7b ffa0 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">2022. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb7c ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb7d ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">In line with the req<span class=\"_ _0\"></span>uirements in I<span class=\"_ _0\"></span>AS 21 \u2018The effec<span class=\"_ _0\"></span>ts of changes in f<span class=\"_ _0\"></span>oreign</div>\n<div class=\"t m0 x1a h4f yb7e ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">exchange rates<span class=\"_ _0\"></span>\u2019, the comparative i<span class=\"_ _2b\"></span>nformation for the annual rep<span class=\"_ _0\"></span>orting</div>\n<div class=\"t m0 x1a h4f yb7f ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">period 2021 has no<span class=\"_ _0\"></span>t been restated.<span class=\"_ _0\"></span> Ageas recognis<span class=\"_ _0\"></span>ed the impact res<span class=\"_ _0\"></span>ulting</div>\n<div class=\"t m0 x1a h4f yb80 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">from the first<span class=\"ls0 ws0\">-</span>ti<span class=\"_ _0\"></span>me application of I<span class=\"_ _0\"></span>AS 29 in its cons<span class=\"_ _0\"></span>olidated equity on <span class=\"_ _2b\"></span>1</div>\n<div class=\"t m0 x1a h4f yb81 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">January 2022.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb82 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb83 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">The application of<span class=\"_ _0\"></span> IAS 29 resulted i<span class=\"_ _0\"></span>n an impact of EUR (<span class=\"_ _0\"></span>27) million in t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f yb84 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">consolidated inc<span class=\"_ _0\"></span>ome statement<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"ls10d wsfa\">and an impact of<span class=\"_ _0\"></span> EUR 149 millio<span class=\"_ _0\"></span>n in the </span></span></div>\n<div class=\"t m0 x1a h4f yb85 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">consolidated s<span class=\"_ _0\"></span>tatement of chan<span class=\"_ _0\"></span>ges in equity<span class=\"ls0 ws0\"> </span>ove<span class=\"_ _0\"></span>r the annual repo<span class=\"_ _2b\"></span>rting</div>\n<div class=\"t m0 x1a h4f yb86 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">period 2022.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 440px; height: 666px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 440px; height: 666px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 440px; height: 666px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 440px; height: 666px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffa4 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Exchang<span class=\"_ _2b\"></span>e rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the exchang<span class=\"lse0 wsf0\">e rates of the most<span class=\"_ _0\"></span> relevant c<span class=\"_ _0\"></span>urrenci<span class=\"_ _0\"></span>es for Ageas<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">1 euro =<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 341px; bottom: 1034px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ffa4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 456px; bottom: 1049px; z-index: 15;\">Rates at <span class=\"wsf3\">end of period<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19d h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 468px; bottom: 1034px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 1034px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ffa4 fs3c fc1f sc0 lsec wsfe\" style=\"left: 741px; bottom: 1049px; z-index: 15;\">Aver<span class=\"_ _2\"></span>age <span class=\"lsef ws10a\">rat<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x13c h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 1034px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ffa4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ffa4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 300px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ffa6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 427px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ffa6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 552px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ffa6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Pound sterling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 1004px; z-index: 15;\">0.89<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 1004px; z-index: 15;\">0.84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 1004px; z-index: 15;\">0.85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 1004px; z-index: 15;\">0.86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">US dollar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 989px; z-index: 15;\">1.07<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 989px; z-index: 15;\">1.13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 989px; z-index: 15;\">1.05<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 989px; z-index: 15;\">1.18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Hong Kong dollar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 974px; z-index: 15;\">8.32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 974px; z-index: 15;\">8.83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 974px; z-index: 15;\">8.24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 974px; z-index: 15;\">9.19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ffa4 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 959px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> <span class=\"lsef ws10a\">lira</span> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 959px; z-index: 15;\">19.96<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 959px; z-index: 15;\">15.23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 959px; z-index: 15;\">17.42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 959px; z-index: 15;\">10.51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">China yuan renminbi<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 945px; z-index: 15;\">7.36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 945px; z-index: 15;\">7.19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 945px; z-index: 15;\">7.08<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 945px; z-index: 15;\">7.63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Indian Rupee<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 930px; z-index: 15;\">88.17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 930px; z-index: 15;\">84.23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 930px; z-index: 15;\">82.68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 930px; z-index: 15;\">87.44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Malaysia ringgit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 915px; z-index: 15;\">4.70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 915px; z-index: 15;\">4.72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 915px; z-index: 15;\">4.63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 915px; z-index: 15;\">4.90<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Philippines Peso<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 900px; z-index: 15;\">59.32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 900px; z-index: 15;\">57.76<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 900px; z-index: 15;\">57.31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 900px; z-index: 15;\">58.30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Thailand baht<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 885px; z-index: 15;\">36.84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 885px; z-index: 15;\">37.65<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 885px; z-index: 15;\">36.85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 885px; z-index: 15;\">37.84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Vietnamese Dong<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 870px; z-index: 15;\">25,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 870px; z-index: 15;\">25,989<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 641px; bottom: 870px; z-index: 15;\">24,613<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 870px; z-index: 15;\">27,105<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 859px; height: 247px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 859px; height: 247px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yb93 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb94 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a yb95 ffa7 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yb96 ffa7 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Measure<span class=\"_ _0\"></span>ment base<span class=\"_ _0\"></span>s used in preparin<span class=\"_ _2b\"></span>g <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yb97 ffa7 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">the financia<span class=\"_ _2\"></span>l statements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb98 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The classif<span class=\"_ _2b\"></span>ication and mea<span class=\"_ _0\"></span>sureme<span class=\"_ _0\"></span>nt of assets<span class=\"_ _0\"></span> and liabi<span class=\"_ _0\"></span>lities <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> </span></span>bas<span class=\"_ _0\"></span>ed on</div>\n<div class=\"t m0 x7 h4f yb99 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the nat<span class=\"_ _0\"></span>ure of the <span class=\"_ _2b\"></span>underlying tr<span class=\"_ _0\"></span>ansact<span class=\"_ _0\"></span>ions. <span class=\"ls0 ws0\"> </span></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yb9a ffa4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Financial asset<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yb9b ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A financi<span class=\"_ _0\"></span>al instrum<span class=\"_ _2b\"></span>ent is any contract tha<span class=\"_ _2b\"></span>t <span class=\"_ _2\"></span>giv<span class=\"_ _2b\"></span>es rise to a financial as<span class=\"_ _0\"></span>set</div>\n<div class=\"t m0 x7 h4f yb9c ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of one entity<span class=\"_ _0\"></span> and a financ<span class=\"_ _0\"></span>ial liabi<span class=\"_ _0\"></span>lity or equ<span class=\"_ _2b\"></span>ity instrument o<span class=\"_ _0\"></span>f another</div>\n<div class=\"t m0 x7 h4f yb9d ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">entity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb9e ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb9f ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas clas<span class=\"_ _0\"></span>sifies a<span class=\"_ _0\"></span>nd measur<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>fin<span class=\"_ _2b\"></span>ancial assets and <span class=\"ls102 ws11d\">financial liabi<span class=\"_ _2\"></span>lities </span></div>\n<div class=\"t m0 x7 h4f yba0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on th<span class=\"_ _0\"></span>e nature of th<span class=\"_ _0\"></span>e underly<span class=\"_ _0\"></span>ing trans<span class=\"_ _0\"></span>actions<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yba1 ffa6 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication of<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">financial<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">asset<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yba2 ffa4 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Management det<span class=\"_ _0\"></span>ermines the app<span class=\"_ _0\"></span>ropriate clas<span class=\"_ _0\"></span>sification of it<span class=\"_ _0\"></span>s financial</div>\n<div class=\"t m0 x7 h4f yba3 ffa4 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">instruments at<span class=\"_ _0\"></span> the acquisitio<span class=\"_ _0\"></span>n date:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yba4 ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse2 wsf1\">H<span class=\"_ _2\"></span>eld</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">to</span>-<span class=\"lse0 wsf0\">maturity: inclu<span class=\"_ _2b\"></span>des debt securit<span class=\"_ _2b\"></span>ies with a fixed matur<span class=\"_ _0\"></span>ity of </span></span></span></div>\n<div class=\"t m0 x43 h4f yba5 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">which management ha<span class=\"_ _2\"></span>s both the intention and<span class=\"_ _2\"></span> the ability to hold the</div>\n<div class=\"t m0 x43 h4f yba6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents to mat<span class=\"_ _0\"></span>urity;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yba7 ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse0 wsf0\">Loans and rece<span class=\"wsfa\">iva<span class=\"_ _2b\"></span>bles: includes<span class=\"_ _0\"></span> debt sec<span class=\"_ _2b\"></span>urities with f<span class=\"_ _0\"></span>ixed or </span></span></span></div>\n<div class=\"t m0 x43 h4f yba8 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>nable payments th<span class=\"_ _0\"></span>at are not q<span class=\"_ _0\"></span>uoted in an act<span class=\"_ _0\"></span>ive mark<span class=\"_ _0\"></span>et and</div>\n<div class=\"t m0 x43 h4f yba9 ffa4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that, upon <span class=\"_ _2\"></span>initial recognition<span class=\"_ _2\"></span>, are not designa<span class=\"_ _2\"></span>ted as held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-</span><span class=\"wsf1\">trading </span></div>\n<div class=\"t m0 x43 h4f ybaa ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">nor as avail<span class=\"_ _2b\"></span>able<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-</span><span class=\"wsef\">sale;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f ybab ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 ls102 ws11d\">A<span class=\"_ _2\"></span>vailable</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsfa\">sale: inc<span class=\"_ _0\"></span>ludes s<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>ies to b<span class=\"wsf0\">e h<span class=\"_ _2b\"></span>eld for an indefinit<span class=\"_ _0\"></span>e </span></span></span></span></div>\n<div class=\"t m0 x43 h4f ybac ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">period of<span class=\"_ _0\"></span> time, w<span class=\"_ _2b\"></span>hich may be sol<span class=\"_ _2b\"></span>d in response t<span class=\"_ _0\"></span>o needs f<span class=\"_ _2b\"></span>or liquidity</div>\n<div class=\"t m0 x43 h4f ybad ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or to changes<span class=\"_ _0\"></span> in interes<span class=\"_ _0\"></span>t rates,<span class=\"_ _0\"></span> exchange r<span class=\"_ _0\"></span>ates or equi<span class=\"_ _0\"></span>ty prices<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x7 h4f ybae ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse0 wsf0\">Financial asset<span class=\"_ _0\"></span>s held at fai<span class=\"_ _0\"></span>r value throu<span class=\"_ _2b\"></span>gh profit or loss:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x43 h4f ybaf ffaa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffa9\"> <span class=\"_ _a\"> </span><span class=\"ffa4 lse2 wsf1\">Held</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">for<span class=\"_ _2\"></span></span>-<span class=\"lse2 wsfa\">trading: include<span class=\"_ _2\"></span>s secur<span class=\"lse0 wsf0\">ities th<span class=\"_ _0\"></span>at are acqui<span class=\"_ _2b\"></span>red for the </span></span></span></span></div>\n<div class=\"t m0 x217 h4f ybb0 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">purpose of genera<span class=\"_ _2\"></span>ting short<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term profi<span class=\"_ _0\"></span>ts;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x43 h4f ybb1 ffaa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffa9\"> <span class=\"_ _a\"> </span><span class=\"ffa4 lse0 wsfa\">Financ<span class=\"_ _2b\"></span>ial securiti<span class=\"_ _0\"></span>es desig<span class=\"_ _2b\"></span>nated at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it or </span></span></div>\n<div class=\"t m0 x217 h4f ybb2 ffa4 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 ybb3 ffa6 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Measure<span class=\"_ _0\"></span>ment of fi<span class=\"_ _0\"></span>nancial ass<span class=\"_ _2b\"></span>ets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ybb4 ffa4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"lse0 wsf0\">maturit<span class=\"_ _0\"></span>y invest<span class=\"_ _0\"></span>ments ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d at amortis<span class=\"_ _2b\"></span>ed cost less any </span></span></div>\n<div class=\"t m0 x7 h4f ybb5 ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">allowan<span class=\"_ _0\"></span>ces <span class=\"wsfa\">for im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt. Any <span class=\"_ _0\"></span>differen<span class=\"_ _2b\"></span>ce with the fai<span class=\"_ _2b\"></span>r value at initi<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x1a h4f ybb6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, resulting fr<span class=\"_ _2b\"></span>om transaction c<span class=\"_ _0\"></span>osts, init<span class=\"_ _0\"></span>ial premi<span class=\"_ _2b\"></span>ums or</div>\n<div class=\"t m0 x1a h4f ybb7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _0\"></span>s, is amo<span class=\"_ _0\"></span>rtised ov<span class=\"_ _0\"></span>er the life of<span class=\"_ _0\"></span> the invest<span class=\"_ _0\"></span>ment usi<span class=\"_ _0\"></span>ng the effec<span class=\"_ _0\"></span>tive</div>\n<div class=\"t m0 x1a h4f ybb8 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t metho<span class=\"_ _0\"></span>d. If a he<span class=\"_ _0\"></span>ld<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>mat<span class=\"_ _2b\"></span>urity asset is d<span class=\"_ _0\"></span>etermi<span class=\"_ _0\"></span>ned to b<span class=\"_ _0\"></span>e impaire<span class=\"_ _2b\"></span>d,</div>\n<div class=\"t m0 x1a h4f ybb9 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the allo<span class=\"_ _2b\"></span>wance for impa<span class=\"_ _0\"></span>irment <span class=\"_ _0\"></span>is recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _2b\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 766px; height: 58px; width: 352px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 42px; width: 342px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f ybba ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f ybbb ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans and r<span class=\"_ _0\"></span>eceivabl<span class=\"_ _2b\"></span>es are measured at am<span class=\"_ _0\"></span>ortised c<span class=\"_ _0\"></span>ost less any<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ybbc ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">allowances for<span class=\"_ _2\"></span> impairment. At initial reco<span class=\"_ _2\"></span>gnition, loans and receiv<span class=\"_ _2\"></span>ables</div>\n<div class=\"t m0 x1a h4f ybbd ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are measu<span class=\"_ _0\"></span>red at fair va<span class=\"_ _2b\"></span>lue i<span class=\"lse2 ws103\">ncluding<span class=\"_ _2\"></span> transaction costs and ini<span class=\"_ _2\"></span>tial </span></div>\n<div class=\"t m0 x1a h4f ybbe ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms or disco<span class=\"_ _0\"></span>unts. Amo<span class=\"_ _2b\"></span>rtised cost is calc<span class=\"_ _0\"></span>ulated us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _0\"></span>ective</div>\n<div class=\"t m0 x1a h4f ybbf ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate m<span class=\"_ _0\"></span>ethod (<span class=\"_ _0\"></span>EIR), ta<span class=\"_ _2b\"></span>king into acc<span class=\"_ _0\"></span>ount any <span class=\"_ _0\"></span>disco<span class=\"_ _0\"></span>unt or pr<span class=\"_ _0\"></span>emium</div>\n<div class=\"t m0 x1a h4f ybc0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on acquisi<span class=\"_ _0\"></span>tion and fee<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>or cost<span class=\"_ _0\"></span>s that are an in<span class=\"_ _0\"></span>tegral pa<span class=\"_ _0\"></span>rt of the EIR.<span class=\"_ _0\"></span> The<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybc1 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EIR amo<span class=\"_ _0\"></span>rtisati<span class=\"_ _0\"></span>on is reco<span class=\"_ _2b\"></span>gnised in the i<span class=\"_ _0\"></span>ncome st<span class=\"_ _2b\"></span>atement. Gains<span class=\"_ _0\"></span> and</div>\n<div class=\"t m0 x1a h4f ybc2 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">losses a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> when th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ments</div>\n<div class=\"t m0 x1a h4f ybc3 ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">are <span class=\"lse2 wsf1\">de<span class=\"wsfa\">recognised o<span class=\"_ _2\"></span>r impaired. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 609px; height: 136px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f ybc4 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybc5 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For floati<span class=\"_ _2b\"></span>ng rate instrume<span class=\"_ _0\"></span>nts, the cas<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>flo<span class=\"_ _0\"></span>ws are perio<span class=\"_ _0\"></span>dically<span class=\"_ _0\"></span> re<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f ybc6 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed to reflect mo<span class=\"_ _2b\"></span>vements in ma<span class=\"_ _0\"></span>rket int<span class=\"_ _0\"></span>erest rat<span class=\"_ _2b\"></span>es. If the flo<span class=\"_ _0\"></span>ating</div>\n<div class=\"t m0 x1a h4f ybc7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate instr<span class=\"_ _2b\"></span>ument is initially rec<span class=\"_ _2b\"></span>ognised at an amo<span class=\"_ _0\"></span>unt (almost<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>eq<span class=\"_ _0\"></span>ual to the</div>\n<div class=\"t m0 x1a h4f ybc8 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">principal repa<span class=\"_ _2\"></span>yable, the re<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">estimation ha<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>no si<span class=\"_ _0\"></span>gnifica<span class=\"_ _0\"></span>nt effect on t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f ybc9 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> amount of th<span class=\"_ _0\"></span>e instrum<span class=\"_ _2b\"></span>ent and there w<span class=\"_ _2b\"></span>ill be no adjust<span class=\"_ _0\"></span>ment to t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f ybca ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>int<span class=\"_ _0\"></span>erest, rep<span class=\"_ _0\"></span>orted on an ac<span class=\"_ _2b\"></span>crual basis. How<span class=\"_ _0\"></span>ever, if a fl<span class=\"_ _0\"></span>oating</div>\n<div class=\"t m0 x1a h4f ybcb ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate instr<span class=\"_ _2b\"></span>ument is acquir<span class=\"_ _0\"></span>ed at a<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">significan<span class=\"_ _2\"></span>t premium or discount,</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">this </span></span></div>\n<div class=\"t m0 x1a h4f ybcc ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>m or disco<span class=\"_ _2b\"></span>unt is amortis<span class=\"_ _2b\"></span>ed over the exp<span class=\"_ _0\"></span>ected lif<span class=\"_ _0\"></span>e of the</div>\n<div class=\"t m0 x1a h4f ybcd ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent and is i<span class=\"_ _0\"></span>ncluded i<span class=\"_ _0\"></span>n the calcul<span class=\"_ _0\"></span>ation of the EI<span class=\"_ _2b\"></span>R. The carrying</div>\n<div class=\"t m0 x1a h4f ybce ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount is r<span class=\"_ _0\"></span>ecalcul<span class=\"_ _2b\"></span>ated each period b<span class=\"_ _0\"></span>y computi<span class=\"_ _0\"></span>ng the pres<span class=\"_ _0\"></span>ent value of</div>\n<div class=\"t m0 x1a h4f ybcf ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fut<span class=\"_ _2b\"></span>ure cash flows at the act<span class=\"_ _2b\"></span>ual effective inte<span class=\"_ _2b\"></span>rest rate. Any</div>\n<div class=\"t m0 x1a h4f ybd0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ments are re<span class=\"_ _2b\"></span>cognised in profi<span class=\"_ _0\"></span>t or loss.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybd1 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f ybd2 ffa4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsf0\">trading i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts, deriv<span class=\"_ _2b\"></span>atives and assets<span class=\"_ _0\"></span> design<span class=\"_ _0\"></span>ated as held </span></span></div>\n<div class=\"t m0 x1a h4f ybd3 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _2b\"></span>ough profit or l<span class=\"_ _0\"></span>oss are <span class=\"_ _2b\"></span>measured at fai<span class=\"_ _2b\"></span>r value. Chang<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x1a h4f ybd4 ffa4 fs3a fc14 sc0 lsfc ws121\" style=\"z-index: 15;\">in the<span class=\"_ _2\"></span><span class=\"ls102 ws11d\">ir<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">fair value a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e income stat<span class=\"_ _2b\"></span>ement. The (real<span class=\"_ _0\"></span>ised </span></span></span></div>\n<div class=\"t m0 x1a h4f ybd5 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and unre<span class=\"_ _2b\"></span>alised) resul<span class=\"_ _0\"></span>ts are inc<span class=\"_ _2b\"></span>luded in \u2018Resu<span class=\"_ _0\"></span>lt on sa<span class=\"_ _0\"></span>les and</div>\n<div class=\"t m0 x1a h4f ybd6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">revaluat<span class=\"_ _2b\"></span>ions\u2019. Interest re<span class=\"_ _2b\"></span>ceived (paid) on as<span class=\"_ _0\"></span>sets (lia<span class=\"_ _2b\"></span>bilities) held fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f ybd7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">trading is<span class=\"_ _0\"></span> reporte<span class=\"_ _0\"></span>d as intere<span class=\"_ _0\"></span>st income (e<span class=\"_ _0\"></span>xpense).<span class=\"_ _0\"></span> Divide<span class=\"lse2 wsfa\">nds received are </span></div>\n<div class=\"t m0 x1a h4f ybd8 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in \u2018Inter<span class=\"_ _0\"></span>est, divi<span class=\"_ _0\"></span>dend and ot<span class=\"_ _0\"></span>her invest<span class=\"_ _0\"></span>ment inc<span class=\"_ _0\"></span>ome\u2019.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 100px; width: 352px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 105px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 472px; width: 352px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 551px; width: 352px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 472px; width: 343px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 477px; width: 352px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 556px; width: 352px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 477px; width: 343px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 245px; height: 587px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 245px; height: 861px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 245px; height: 861px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The majority of Ageas's financial investments (being bonds and equity<span class=\"ws103\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">instruments) are classified as available-for-sale and are measured at fair<span class=\"wsf0\"><span class=\"wsef\"> </span></span></div>\n<div class=\"t m0 x7 h4f y804 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">value. Changes in their fair value are recognised in other<span class=\"wsf1\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">comprehensive income until the investment is sold.<span class=\"lse0 wsf0\"> At the mo<span class=\"_ _0\"></span>ment of </span></div>\n<div class=\"t m0 x7 h4f y806 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span>, the accu<span class=\"_ _2b\"></span>mulated fair valu<span class=\"_ _0\"></span>e changes in ot<span class=\"_ _2b\"></span>her comprehe<span class=\"_ _0\"></span>nsive</div>\n<div class=\"t m0 x7 h4f y807 ffab fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">income<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are recycled throu<span class=\"_ _2\"></span>gh the income statement. Reve<span class=\"_ _2\"></span>nue o<span class=\"lse0 wsef\">n </span></span></span></div>\n<div class=\"t m0 x7 h4f y808 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"ws103\">sale<span class=\"_ _2\"></span> debt securities is recogni<span class=\"_ _2\"></span>sed using the effective </span></div>\n<div class=\"t m0 x7 h4f y809 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t metho<span class=\"_ _0\"></span>d. Peri<span class=\"_ _0\"></span>odic amo<span class=\"_ _0\"></span>rtisati<span class=\"_ _2b\"></span>on and impairm<span class=\"_ _0\"></span>ent loss<span class=\"_ _0\"></span>es are</div>\n<div class=\"t m0 x7 h4f y80a ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recognised in<span class=\"_ _2\"></span> the income statement and dividen<span class=\"_ _2\"></span>ds are recognised as</div>\n<div class=\"t m0 x7 h4f y80b ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income up<span class=\"_ _0\"></span>on receipt<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 945px; height: 152px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y80c ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80d ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For thos<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance po<span class=\"_ _0\"></span>rtfolio<span class=\"_ _0\"></span>s,<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">where unr<span class=\"_ _2b\"></span>ealised gains and l<span class=\"_ _0\"></span>osses on </span></div>\n<div class=\"t m0 x7 h4f y80e ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">bonds hav<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>a direc<span class=\"_ _2b\"></span>t impact on the measur<span class=\"_ _0\"></span>ement of t<span class=\"_ _0\"></span>he insura<span class=\"_ _0\"></span>nce</div>\n<div class=\"t m0 x7 h4f y80f ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities,<span class=\"_ _2\"></span> Ageas applies shado<span class=\"_ _2\"></span>w accounting in <span class=\"_ _2\"></span>accordance with IF<span class=\"_ _2\"></span>RS<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">4. </span></span></div>\n<div class=\"t m0 x7 h4f y810 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t the changes in the unrealised<span class=\"_ _2\"></span> gains and losses will</div>\n<div class=\"t m0 x7 h4f y90a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">affect the m<span class=\"_ _2b\"></span>eas<span class=\"lse2 wsfa\">urement<span class=\"_ _2\"></span> of the insurance <span class=\"_ _2\"></span>liabilities, implyi<span class=\"_ _2\"></span>ng why those </span></div>\n<div class=\"t m0 x7 h4f y90b ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes w<span class=\"_ _0\"></span>ill theref<span class=\"_ _2b\"></span>ore not be part of equit<span class=\"_ _0\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y8d0 ffad fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f <span class=\"wsf1\">financial<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">assets</span> </span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A financial asse<span class=\"_ _2\"></span>t (or group of financial as<span class=\"_ _2\"></span>sets) classified as either</div>\n<div class=\"t m0 x7 h4f y8d2 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span>, loans and receiv<span class=\"_ _2\"></span>ables or held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-</span><span class=\"ws103\">maturity is dee<span class=\"_ _2\"></span>med </span></span></div>\n<div class=\"t m0 x7 h4f y8d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be impai<span class=\"_ _0\"></span>red if:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb28 ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 wsfa\">T<span class=\"_ _2\"></span>here is objective e<span class=\"_ _2\"></span>vidence of impairm<span class=\"_ _2\"></span>ent</span><span class=\"ffab\"> <span class=\"lse0 wsf0\">as a result of<span class=\"_ _0\"></span> one or more </span></span></span></div>\n<div class=\"t m0 x43 h4f yb29 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss eve<span class=\"_ _0\"></span>nts or t<span class=\"_ _0\"></span>rigger<span class=\"_ _0\"></span>s (e.g. s<span class=\"_ _2b\"></span>ignificant fin<span class=\"_ _2b\"></span>ancial diffic<span class=\"_ _0\"></span>ulty of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x43 h4f yb2a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issuer) t<span class=\"_ _0\"></span>hat have o<span class=\"_ _0\"></span>ccurred af<span class=\"_ _0\"></span>ter the ini<span class=\"_ _0\"></span>tial recog<span class=\"_ _2b\"></span>nition of the asset;<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x43 h4f yb2b ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lsf3 ws11c\">Th<span class=\"lse0 wsf0\">at loss event (or ev<span class=\"_ _0\"></span>ents) has (o<span class=\"_ _0\"></span>r have) an im<span class=\"_ _0\"></span>pact on the </span></span></span></div>\n<div class=\"t m0 x43 h4f yb2d ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed future cash f<span class=\"_ _2b\"></span>lows of the fina<span class=\"_ _2b\"></span>ncial asset (o<span class=\"_ _0\"></span>r group o<span class=\"_ _0\"></span>f</div>\n<div class=\"t m0 x43 h4f y962 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>that c<span class=\"_ _0\"></span>an be reliabl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>est<span class=\"_ _0\"></span>imated.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y963 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y964 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For equit<span class=\"_ _0\"></span>y securiti<span class=\"_ _2b\"></span>es, the triggers us<span class=\"_ _0\"></span>ed to dete<span class=\"_ _0\"></span>rmine whet<span class=\"_ _2b\"></span>her <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is</div>\n<div class=\"t m0 x7 h4f y965 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve evide<span class=\"_ _0\"></span>nce of i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent inclu<span class=\"_ _2b\"></span>de, amongst ot<span class=\"_ _0\"></span>hers, th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y966 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration whether t<span class=\"_ _2b\"></span>he fair value is<span class=\"_ _2b\"></span> significantl<span class=\"_ _0\"></span>y (25%)<span class=\"_ _2b\"></span> below the</div>\n<div class=\"t m0 x7 h4f y967 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">carrying v<span class=\"_ _2\"></span>alue or has been b<span class=\"_ _2\"></span>elow the carrying <span class=\"_ _2\"></span>value for a prol<span class=\"_ _2\"></span>onged</div>\n<div class=\"t m0 x7 h4f y968 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period (<span class=\"_ _0\"></span>365 consec<span class=\"_ _2b\"></span>utive days) on the dat<span class=\"_ _0\"></span>e of the state<span class=\"_ _2b\"></span>me<span class=\"wsfa\">nt of financ<span class=\"_ _0\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y969 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Depend<span class=\"_ _0\"></span>ing on th<span class=\"_ _0\"></span>e type of <span class=\"_ _0\"></span>financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _0\"></span>, the r<span class=\"_ _0\"></span>ecovera<span class=\"_ _0\"></span>ble amo<span class=\"_ _0\"></span>unt can</div>\n<div class=\"t m0 x7 h4f y96c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">be estimat<span class=\"_ _2b\"></span>ed as follows: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair <span class=\"wsf0\">value us<span class=\"_ _0\"></span>ing an obs<span class=\"_ _0\"></span>ervable m<span class=\"_ _2b\"></span>arket price;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair value <span class=\"_ _2b\"></span>using non<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">data<span class=\"_ _2\"></span></span>; </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96f ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsf0\">Based on the</span><span class=\"ffab\"> <span class=\"lse0 wsfa\">fair val<span class=\"_ _2b\"></span>ue of the coll<span class=\"_ _0\"></span>ateral. <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y970 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y971 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If an available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-</span></span>sale asset<span class=\"_ _2\"></span> is determined to be impaired, t<span class=\"_ _2\"></span>he allowance</div>\n<div class=\"t m0 x7 h4f y972 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for impai<span class=\"_ _0\"></span>rment is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _0\"></span>ent. For imp<span class=\"_ _0\"></span>aired</div>\n<div class=\"t m0 x7 h4f y973 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span> assets, unrealised<span class=\"_ _2\"></span> losses previousl<span class=\"_ _2\"></span>y recognised in </span></div>\n<div class=\"t m0 x7 h4f y974 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other compr<span class=\"lse0 wsf0\">ehensive inco<span class=\"_ _0\"></span>me<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are transferred<span class=\"_ _2\"></span> to the income statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y975 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">when the i<span class=\"_ _2\"></span>mpairment occurs. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y977 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If, in a s<span class=\"_ _0\"></span>ubsequ<span class=\"_ _0\"></span>ent per<span class=\"_ _0\"></span>iod, th<span class=\"_ _0\"></span>e fair val<span class=\"_ _2b\"></span>ue of a debt inst<span class=\"_ _2b\"></span>rument classi<span class=\"_ _0\"></span>fied</div>\n<div class=\"t m0 x1a h4f y978 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as availa<span class=\"_ _0\"></span>ble<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span><span class=\"wsfa\">sal<span class=\"_ _2b\"></span>e increases an<span class=\"_ _0\"></span>d the inc<span class=\"_ _2b\"></span>rease object<span class=\"_ _0\"></span>ively rel<span class=\"_ _2b\"></span>ates to an </span></div>\n<div class=\"t m0 x1a h4f y979 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event occu<span class=\"_ _2b\"></span>rring after the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _2b\"></span>on of any allowance for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _2b\"></span>nt in</div>\n<div class=\"t m0 x1a h4f y97a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the incom<span class=\"_ _0\"></span>e statement<span class=\"_ _2b\"></span>, the allowance f<span class=\"_ _0\"></span>or impair<span class=\"_ _0\"></span>ment is rev<span class=\"_ _0\"></span>ersed, wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f y97b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the rev<span class=\"_ _2b\"></span>ersal <span class=\"lse2 wsf1\">being </span><span class=\"wsf0\">recognised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>. </span></div>\n<div class=\"t m0 x1a h4f y97c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Further po<span class=\"_ _2b\"></span>sitive revaluat<span class=\"_ _0\"></span>ions of debt<span class=\"_ _0\"></span> instru<span class=\"_ _0\"></span>ments clas<span class=\"_ _2b\"></span>sified as a<span class=\"ls102 ws11d\">vailable<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f y97d ffab fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\">-<span class=\"lsfb wsfa\">sal<span class=\"_ _2\"></span>e <span class=\"lse2\">is recognise<span class=\"_ _2\"></span>d</span></span> <span class=\"lse0 wsfa\">in oth<span class=\"_ _0\"></span>er comp<span class=\"_ _0\"></span>rehensiv<span class=\"_ _2b\"></span>e income.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb32 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb33 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments on<span class=\"_ _2\"></span> an equity instrument class<span class=\"_ _2\"></span>ified as available<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">sale ar<span class=\"_ _0\"></span>e </span></span></span></div>\n<div class=\"t m0 x1a h4f yb34 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rev<span class=\"_ _0\"></span>ersed th<span class=\"_ _0\"></span>rough th<span class=\"_ _0\"></span>e income<span class=\"_ _2b\"></span> statement; i<span class=\"_ _0\"></span>ncrease<span class=\"_ _0\"></span>s in the<span class=\"_ _0\"></span>ir fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yb35 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">after imp<span class=\"_ _0\"></span>airment ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d directly<span class=\"_ _0\"></span> in ot<span class=\"lse2 wsfa\">her comprehensi<span class=\"_ _2\"></span>ve income.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 157px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 456px; width: 354px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 162px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 461px; width: 354px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 167px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 466px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y976 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h55 y982 ffad fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Trade and <span class=\"wsef\">set<span class=\"_ _0\"></span>tlement<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">date</span> </span></span></div>\n<div class=\"t m0 x1a h4f y983 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All purch<span class=\"_ _0\"></span>ases and sal<span class=\"_ _0\"></span>es of financ<span class=\"_ _2b\"></span>ial assets requi<span class=\"_ _2b\"></span>ring delivery wit<span class=\"_ _0\"></span>hin the</div>\n<div class=\"t m0 x1a h4f y984 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">timefra<span class=\"_ _0\"></span>me esta<span class=\"_ _0\"></span>blished <span class=\"_ _0\"></span>by regu<span class=\"_ _0\"></span>lation o<span class=\"_ _0\"></span>r market<span class=\"_ _0\"></span> convent<span class=\"_ _2b\"></span>ion are</div>\n<div class=\"t m0 x1a h4f y9c2 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed on th<span class=\"_ _2b\"></span>e trade date, w<span class=\"_ _0\"></span>hich is<span class=\"_ _2b\"></span> the date when A<span class=\"_ _0\"></span>geas bec<span class=\"_ _0\"></span>omes a</div>\n<div class=\"t m0 x1a h4f y9c3 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">party to t<span class=\"_ _2b\"></span>he contractu<span class=\"_ _0\"></span>al provis<span class=\"_ _2b\"></span>ions of the fin<span class=\"_ _2b\"></span>ancial assets.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c4 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c5 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Forward p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>es and sales,<span class=\"_ _0\"></span> other than th<span class=\"_ _2b\"></span>ose requiring del<span class=\"_ _2b\"></span>ivery within</div>\n<div class=\"t m0 x1a h4f y9c6 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the timef<span class=\"_ _0\"></span>rame esta<span class=\"_ _2b\"></span>blished by regulat<span class=\"_ _2b\"></span>ion or market conv<span class=\"_ _0\"></span>ention,<span class=\"_ _0\"></span> are</div>\n<div class=\"t m0 x1a h4f y9c7 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised a<span class=\"_ _2\"></span>s derivative forward<span class=\"_ _2\"></span> transactions until<span class=\"_ _2\"></span> set<span class=\"wsf1\">tlement. <span class=\"ls0 ws0\"> </span></span></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h55 y98b ffad fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"wsef\">financi<span class=\"_ _2b\"></span>al<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">liabilities</span> </span></span></div>\n<div class=\"t m0 x1a h4f y98c ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The IFRS classi<span class=\"_ _2\"></span>fication of financial liabil<span class=\"_ _2\"></span>ities determines their<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y98d ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment and re<span class=\"_ _2b\"></span>cognition in the i<span class=\"_ _0\"></span>ncome stat<span class=\"_ _2b\"></span>ement as follows<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">Financial liabilities at fair value through profit or loss include:<span class=\"wsef\"><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y98f ffab fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">i)  Financial liabilities held-for-trading<span class=\"ls102 ws115\"><span class=\"lsfc\"><span class=\"ls0 ws0\"><span class=\"lse2 wsfa\">, including<span class=\"_ _2\"></span> derivative </span></span></span></span></div>\n<div class=\"t m0 x1e6 h4f y990 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> that do not qualify for hedge<span class=\"_ _2\"></span> accounting; and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f y991 ffab fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">ii)<span class=\"ffaf ls0 ws0\"> <span class=\"_ _22\"> </span></span><span class=\"lse2 wsfa\">Financial l<span class=\"_ _2\"></span>iabilities that Agea<span class=\"_ _2\"></span>s has irrevocabl<span class=\"_ _2\"></span>y designated at </span></div>\n<div class=\"t m0 x1e6 h4f y992 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initial re<span class=\"_ _2\"></span>cognition or at f<span class=\"_ _2\"></span>irst<span class=\"ls0 ws0\">-</span><span class=\"ws103\">time adoption<span class=\"_ _2\"></span> of IFRS as held at f<span class=\"lse0 wsef\">air </span></span></div>\n<div class=\"t m0 x1e6 h4f y993 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss, b<span class=\"_ _0\"></span>ecause:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1e6 h4f y994 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lse0 wsf0\">The host contrac<span class=\"_ _0\"></span>t inclu<span class=\"_ _0\"></span>des an embe<span class=\"_ _0\"></span>dded deri<span class=\"_ _0\"></span>vative th<span class=\"_ _2b\"></span>at </span></span></div>\n<div class=\"t m0 x23 h4f y995 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">would othe<span class=\"_ _2b\"></span>rwise require se<span class=\"_ _0\"></span>paratio<span class=\"_ _2b\"></span>n;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1e6 h4f y996 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lse0 wsf0\">It eliminates o<span class=\"_ _0\"></span>r signific<span class=\"_ _0\"></span>antly red<span class=\"_ _0\"></span>uces a meas<span class=\"_ _0\"></span>urement o<span class=\"_ _2b\"></span>r </span></span></div>\n<div class=\"t m0 x23 h4f y997 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion inconsiste<span class=\"_ _0\"></span>ncy (\u2018acc<span class=\"_ _0\"></span>ountin<span class=\"_ _0\"></span>g mismatch<span class=\"_ _2b\"></span>\u2019)<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">or</span> </span></div>\n<div class=\"t m0 x1e6 h4f y9c8 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lsf4 ws10c\">It <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">rel<span class=\"_ _0\"></span>ates to a <span class=\"_ _0\"></span>group of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _2b\"></span>s and/or liabi<span class=\"_ _0\"></span>lities t<span class=\"_ _2b\"></span>hat </span></span></span></div>\n<div class=\"t m0 x23 h4f y9c9 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are mana<span class=\"_ _0\"></span>ged and of whic<span class=\"_ _0\"></span>h the perfo<span class=\"_ _2b\"></span>rmance is evaluat<span class=\"_ _0\"></span>ed on a</div>\n<div class=\"t m0 x23 h4f y9ca ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e basis.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cb ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 ws103\">O<span class=\"_ _2\"></span>ther financial liabili<span class=\"_ _2\"></span>ties are initially recognised<span class=\"_ _2\"></span> at fair value less </span></span></div>\n<div class=\"t m0 x6c h4f y9cc ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion costs. Subse<span class=\"_ _0\"></span>quently<span class=\"_ _0\"></span>, other fi<span class=\"_ _0\"></span>nan<span class=\"ls102 ws115\">cial liabili<span class=\"_ _2\"></span>ties are </span></div>\n<div class=\"t m0 x6c h4f y9cd ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at amort<span class=\"_ _0\"></span>ised cost us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _2b\"></span>ective interest met<span class=\"_ _2b\"></span>hod,</div>\n<div class=\"t m0 x6c h4f y9ce ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with the per<span class=\"_ _0\"></span>iodic am<span class=\"_ _0\"></span>ortisat<span class=\"_ _0\"></span>ion reco<span class=\"_ _0\"></span>rded in the inc<span class=\"_ _0\"></span>ome state<span class=\"_ _0\"></span>ment.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cf ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d0 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Subordinated lia<span class=\"_ _2\"></span>bilities and borrowings ar<span class=\"_ _2\"></span>e initially recognised at fa<span class=\"_ _2\"></span>ir</div>\n<div class=\"t m0 x1a h4f y9d1 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value les<span class=\"_ _2b\"></span>s <span class=\"wsf0\">transacti<span class=\"_ _0\"></span>on costs and a<span class=\"_ _0\"></span>re subse<span class=\"_ _0\"></span>quently me<span class=\"_ _2b\"></span>asured at </span></div>\n<div class=\"t m0 x1a h4f y9d2 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost usi<span class=\"_ _2b\"></span>ng the effective int<span class=\"_ _2b\"></span>erest method, wit<span class=\"_ _2b\"></span>h the periodic</div>\n<div class=\"t m0 x1a h4f y9d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ation rec<span class=\"_ _2b\"></span>orded in the income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 388px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 388px; width: 334px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 330px; height: 776px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 330px; height: 776px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 330px; height: 776px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 330px; height: 776px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 330px; height: 776px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffb3 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Transaction co<span class=\"_ _2\"></span>sts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Transac<span class=\"_ _0\"></span>tion cost<span class=\"_ _0\"></span>s on financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span><span class=\"wsfa\">uments r<span class=\"_ _2b\"></span>efer to the inc<span class=\"_ _0\"></span>rementa<span class=\"_ _0\"></span>l costs </span></div>\n<div class=\"t m0 x7 h4f y804 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">directl<span class=\"_ _0\"></span>y attribut<span class=\"_ _2b\"></span>able to the acquisit<span class=\"_ _2b\"></span>ion or disposal of a fi<span class=\"_ _0\"></span>nancial as<span class=\"_ _0\"></span>set or</div>\n<div class=\"t m0 x7 h4f y805 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y. They inc<span class=\"_ _2b\"></span>lude fees and commi<span class=\"_ _0\"></span>ssions pa<span class=\"_ _0\"></span>id to agents,<span class=\"_ _0\"></span> advisers<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y806 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">brokers an<span class=\"_ _2b\"></span>d dealers, levies im<span class=\"_ _0\"></span>posed by<span class=\"_ _0\"></span> regulato<span class=\"_ _0\"></span>ry agenci<span class=\"_ _2b\"></span>es and</div>\n<div class=\"t m0 x7 h4f y807 ffb1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span><span class=\"lse2 ws103\">ies exchanges as<span class=\"_ _2\"></span> well as transfer taxes and duties. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Those tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _0\"></span>n costs ar<span class=\"_ _0\"></span>e include<span class=\"_ _0\"></span>d in the initi<span class=\"_ _0\"></span>al measure<span class=\"_ _0\"></span>ment of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y80a ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial asse<span class=\"_ _2\"></span>t or liability, except if<span class=\"_ _2\"></span> the financial asset or liab<span class=\"_ _2\"></span>ility is</div>\n<div class=\"t m0 x7 h4f y80b ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss, in w<span class=\"_ _2b\"></span>hich<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">ca<span class=\"_ _2b\"></span>se transaction </span></div>\n<div class=\"t m0 x7 h4f y80c ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">costs are <span class=\"_ _2\"></span>directly expensed.<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 929px; height: 163px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 929px; height: 168px; width: 351px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y882 ffb3 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Fair val<span class=\"_ _0\"></span>ue of financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y883 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value i<span class=\"_ _0\"></span>s the amou<span class=\"_ _2b\"></span>nt for which an<span class=\"_ _0\"></span> asset o<span class=\"_ _0\"></span>r grant<span class=\"_ _0\"></span>ed equit<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x7 h4f y884 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent could b<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>exc<span class=\"_ _0\"></span>hanged a<span class=\"_ _0\"></span>nd a liability<span class=\"_ _0\"></span> could be set<span class=\"_ _0\"></span>tled bet<span class=\"_ _0\"></span>ween</div>\n<div class=\"t m0 x7 h4f y885 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">knowledgeable<span class=\"_ _2\"></span>, willing parties<span class=\"_ _2\"></span> in a<span class=\"lse0 wsf0\">n arm\u2019s len<span class=\"_ _0\"></span>gth trans<span class=\"_ _0\"></span>action.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y886 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8cf ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value pr<span class=\"_ _2b\"></span>esented is the <span class=\"_ _0\"></span>\u2018clean\u2019<span class=\"_ _0\"></span> fair val<span class=\"_ _0\"></span>ue, whic<span class=\"_ _2b\"></span>h is the total f<span class=\"_ _0\"></span>air</div>\n<div class=\"t m0 x7 h4f y8d0 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value or \u2018di<span class=\"_ _0\"></span>rty\u2019 fai<span class=\"_ _0\"></span>r value less<span class=\"_ _0\"></span> interest acc<span class=\"_ _2b\"></span>ruals and trans<span class=\"_ _0\"></span>action cost<span class=\"_ _0\"></span>s.</div>\n<div class=\"t m0 x7 h4f y8d1 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Accrued i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> are classif<span class=\"_ _2b\"></span>ied separately.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d2 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d3 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fair val<span class=\"_ _0\"></span>ue of a liabil<span class=\"_ _2b\"></span>ity or<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">own<span class=\"_ _2\"></span> equity instrument reflec<span class=\"_ _2\"></span>ts the effect of </span></span></div>\n<div class=\"t m0 x7 h4f yb28 ffb1 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">performanc<span class=\"_ _0\"></span>e risk. Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">performance<span class=\"_ _2\"></span> risk includes, but <span class=\"_ _2\"></span>may not be </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limite<span class=\"_ _0\"></span>d to, the entit<span class=\"_ _2b\"></span>y\u2019s own risk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2a ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f yb2b ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An asset or liabil<span class=\"_ _2\"></span>ity is initially measured<span class=\"_ _2\"></span> at fair value. If the tran<span class=\"_ _2\"></span>saction</div>\n<div class=\"t m0 x7 h4f yb2c ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">price dif<span class=\"_ _0\"></span>fers f<span class=\"_ _0\"></span>rom this<span class=\"_ _0\"></span> fair<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">value,<span class=\"_ _0\"></span> the result<span class=\"_ _2b\"></span>ing gain or loss is reco<span class=\"_ _2b\"></span>gnised </span></div>\n<div class=\"t m0 x7 h4f yb2d ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> unless I<span class=\"_ _2b\"></span>FRS specify ot<span class=\"_ _2b\"></span>herwise.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 36px; width: 353px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y962 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y963 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The basic p<span class=\"_ _0\"></span>rincipl<span class=\"_ _0\"></span>es used for es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ing fair val<span class=\"_ _2b\"></span>ue are as follows:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y964 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse2 wsfa\">M<span class=\"_ _2\"></span>aximisation of the <span class=\"_ _2\"></span>use or relevant<span class=\"_ _2\"></span> observable (market) i<span class=\"_ _2\"></span>nputs and </span></span></div>\n<div class=\"t m0 x43 h4f y965 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">minimis<span class=\"_ _0\"></span>ation of <span class=\"wsfa\">th<span class=\"_ _0\"></span>e use of<span class=\"_ _0\"></span> unobse<span class=\"_ _0\"></span>rvable <span class=\"_ _0\"></span>inputs (s<span class=\"_ _2b\"></span>uch as internal<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x43 h4f y966 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es and assumptions<span class=\"_ _2b\"></span>);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y967 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Only change in esti<span class=\"_ _0\"></span>mating tec<span class=\"_ _2b\"></span>hniques if an impro<span class=\"_ _2b\"></span>vement can be </span></span></div>\n<div class=\"t m0 x43 h4f y968 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rated or if<span class=\"_ _0\"></span> a change is nec<span class=\"_ _2b\"></span>essary because of<span class=\"_ _0\"></span> changes in</div>\n<div class=\"t m0 x43 h4f y969 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market co<span class=\"_ _0\"></span>nditio<span class=\"_ _0\"></span>ns or in the avai<span class=\"_ _0\"></span>labilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>of inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span><span class=\"wsef\">n.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y96a ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In dete<span class=\"_ _0\"></span>rmining t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue, follow<span class=\"_ _0\"></span>ing hiera<span class=\"_ _2b\"></span>rchy for dete<span class=\"_ _0\"></span>rminin<span class=\"_ _0\"></span>g and</div>\n<div class=\"t m0 x7 h4f y96c ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ing the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue is use<span class=\"_ _2b\"></span>d, in the orde<span class=\"_ _0\"></span>r listed:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsfa\">Level 1: fair v<span class=\"_ _0\"></span>alues me<span class=\"_ _2b\"></span>asured using (<span class=\"_ _2b\"></span>unadjusted) q<span class=\"_ _0\"></span>uoted p<span class=\"_ _0\"></span>rices i<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x43 h4f y96e ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an active ma<span class=\"_ _2b\"></span>rket for identical<span class=\"_ _0\"></span> assets or <span class=\"lse2 wsfa\">liabilities, which m<span class=\"_ _2\"></span>eans that </span></div>\n<div class=\"t m0 x43 h4f y96f ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quoted prices are<span class=\"_ _2\"></span> readily available and re<span class=\"_ _2\"></span>flect actual and regularly</div>\n<div class=\"t m0 x43 h4f y970 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occurri<span class=\"_ _0\"></span>ng market t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions on an a<span class=\"_ _0\"></span>rm\u2019s lengt<span class=\"_ _0\"></span>h basis;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y971 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Level 2: fair values<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>meas<span class=\"_ _0\"></span>ured usin<span class=\"_ _0\"></span>g inputs oth<span class=\"_ _2b\"></span>er than quoted prices<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x43 h4f y972 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in leve<span class=\"_ _0\"></span>l 1 that<span class=\"_ _0\"></span> are obs<span class=\"_ _0\"></span>e<span class=\"wsf0\">rvabl<span class=\"_ _0\"></span>e (in the mark<span class=\"_ _0\"></span>et), eithe<span class=\"_ _0\"></span>r direct<span class=\"_ _0\"></span>ly </span></div>\n<div class=\"t m0 x43 h4f y973 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(i.e. pric<span class=\"_ _2b\"></span>es) or indirectly (i.<span class=\"_ _2b\"></span>e. derived from pric<span class=\"_ _2b\"></span>es, such as interest<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x43 h4f y974 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exchang<span class=\"_ _2b\"></span>e rates);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Level 3: fair values<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>meas<span class=\"_ _0\"></span>ured usin<span class=\"_ _0\"></span>g inputs that<span class=\"_ _0\"></span> are not (c<span class=\"_ _0\"></span>omplete<span class=\"_ _0\"></span>ly) </span></span></div>\n<div class=\"t m0 x43 h4f y976 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>observable data;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lsfc ws115\">C<span class=\"_ _2\"></span>ost.</span><span class=\"ffb1\"> </span></span></div>\n<div class=\"t m0 x1a h4f ybdc ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leve<span class=\"_ _2b\"></span>l in the fair <span class=\"wsf0\">va<span class=\"_ _0\"></span>lue hierarc<span class=\"_ _2b\"></span>hy within which the f<span class=\"_ _0\"></span>air value </span></div>\n<div class=\"t m0 x1a h4f ybdd ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measurement i<span class=\"_ _2\"></span>s categorised <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">determined <span class=\"wsf0\">base<span class=\"_ _0\"></span>d on<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">the lowes<span class=\"_ _2\"></span>t level </span></span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybde ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">input t<span class=\"_ _0\"></span>hat is si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant to th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue me<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent in it<span class=\"_ _0\"></span>s entiret<span class=\"_ _0\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybdf ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe0 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Level 2 and lev<span class=\"_ _2b\"></span>el 3 fair value measu<span class=\"_ _0\"></span>rements us<span class=\"_ _0\"></span>ually req<span class=\"_ _0\"></span>uire the us<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x1a h4f ybe1 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on techn<span class=\"_ _2b\"></span>iques.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybe2 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe3 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A financ<span class=\"_ _0\"></span>ial inst<span class=\"_ _2b\"></span>rument is rega<span class=\"_ _0\"></span>rded as <span class=\"_ _0\"></span>quoted i<span class=\"_ _0\"></span>n an acti<span class=\"_ _0\"></span>ve mark<span class=\"_ _0\"></span>et whe<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f ybe4 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quoted prices are<span class=\"_ _2\"></span> readily and regularly ava<span class=\"_ _2\"></span>ilable from an exchange,</div>\n<div class=\"t m0 x1a h4f ybe5 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">dealer, brok<span class=\"_ _2\"></span>er, industry grou<span class=\"_ _2\"></span>p, pricing service<span class=\"_ _2\"></span> or regulatory agen<span class=\"_ _2\"></span>cy, and</div>\n<div class=\"t m0 x1a h4f ybe6 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">those prices<span class=\"_ _2\"></span> reflect actual a<span class=\"_ _2\"></span>nd regularly occurrin<span class=\"_ _2\"></span>g market transa<span class=\"_ _2\"></span>ctions</div>\n<div class=\"t m0 x1a h4f ybe7 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on an arm\u2019s le<span class=\"_ _2b\"></span>ngth basis. When a fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _2b\"></span>rument is trade<span class=\"_ _0\"></span>d in an</div>\n<div class=\"t m0 x1a h4f ybe8 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active an<span class=\"_ _0\"></span>d liquid mar<span class=\"_ _0\"></span>ket, its q<span class=\"_ _0\"></span>uoted mar<span class=\"_ _0\"></span>ket price o<span class=\"_ _0\"></span>r value prov<span class=\"_ _2b\"></span>ides the</div>\n<div class=\"t m0 x1a h4f ybe9 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">best evide<span class=\"_ _2\"></span>nce of its fair<span class=\"_ _2\"></span> value. No adjus<span class=\"_ _2\"></span>tment is made <span class=\"ws103\">to the<span class=\"_ _2\"></span> fair value of </span></div>\n<div class=\"t m0 x1a h4f ybea ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">large hol<span class=\"_ _2b\"></span>dings of shares<span class=\"_ _0\"></span>, unless<span class=\"_ _0\"></span> there<span class=\"_ _0\"></span> is a bind<span class=\"_ _0\"></span>ing agr<span class=\"_ _0\"></span>eement t<span class=\"_ _2b\"></span>o sell the</div>\n<div class=\"t m0 x1a h4f ybeb ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">shares at<span class=\"_ _0\"></span> a pric<span class=\"_ _0\"></span>e other t<span class=\"_ _2b\"></span>han the marke<span class=\"_ _0\"></span>t price. T<span class=\"_ _2b\"></span>he appropriat<span class=\"_ _2b\"></span>e quoted</div>\n<div class=\"t m0 x1a h4f ybec ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market <span class=\"_ _0\"></span>price for <span class=\"_ _2b\"></span>an asset held o<span class=\"_ _0\"></span>r a lia<span class=\"_ _0\"></span>bility to <span class=\"_ _0\"></span>be iss<span class=\"_ _0\"></span>ued is th<span class=\"_ _0\"></span>e curre<span class=\"_ _0\"></span>nt bid</div>\n<div class=\"t m0 x1a h4f ybed ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">price, an<span class=\"_ _0\"></span>d fo<span class=\"wsfa\">r an a<span class=\"_ _0\"></span>sset to be<span class=\"_ _2b\"></span> acquired or a <span class=\"_ _0\"></span>liabilit<span class=\"_ _2b\"></span>y held, the ask p<span class=\"_ _2b\"></span>rice. </span></div>\n<div class=\"t m0 x1a h4f ybee ffb1 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Mid<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">market prices<span class=\"_ _0\"></span> are used as a bas<span class=\"_ _2b\"></span>is for establish<span class=\"_ _0\"></span>ing the fair va<span class=\"_ _0\"></span>lue of </span></span></div>\n<div class=\"t m0 x1a h4f ybef ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets and l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies with of<span class=\"_ _0\"></span>fsetti<span class=\"_ _0\"></span>ng market r<span class=\"_ _0\"></span>isks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf0 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybf1 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If there <span class=\"_ _2b\"></span>is a significant<span class=\"_ _2b\"></span> decrease in th<span class=\"_ _0\"></span>e volum<span class=\"_ _2b\"></span>e or level of act<span class=\"_ _2b\"></span>ivi<span class=\"lsfc ws121\">ty<span class=\"_ _2\"></span> for the </span></div>\n<div class=\"t m0 x1a h4f ybf2 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset or lia<span class=\"_ _0\"></span>bility,<span class=\"_ _0\"></span> the trans<span class=\"_ _0\"></span>actions o<span class=\"_ _0\"></span>r quoted pr<span class=\"_ _0\"></span>ices are r<span class=\"_ _0\"></span>eviewed a<span class=\"_ _0\"></span>nd an</div>\n<div class=\"t m0 x1a h4f ybf3 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">alternat<span class=\"_ _2b\"></span>ive valuatio<span class=\"_ _0\"></span>n techniq<span class=\"_ _2b\"></span>ue or multipl<span class=\"_ _0\"></span>e valuati<span class=\"_ _2b\"></span>on techniques (<span class=\"_ _2b\"></span>e.g.</div>\n<div class=\"t m0 x1a h4f ybf4 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value tec<span class=\"_ _0\"></span>hniques<span class=\"_ _0\"></span>) may be appl<span class=\"_ _0\"></span>ied.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf5 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybf6 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If no act<span class=\"_ _0\"></span>ive mark<span class=\"_ _2b\"></span>et price is ava<span class=\"_ _0\"></span>ilable, f<span class=\"_ _2b\"></span>air values are <span class=\"_ _0\"></span>e<span class=\"wsf0\">stimat<span class=\"_ _2b\"></span>ed using </span></div>\n<div class=\"t m0 x1a h4f ybf7 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value or <span class=\"_ _2b\"></span>other valuatio<span class=\"_ _2b\"></span>n techniques <span class=\"_ _0\"></span>based o<span class=\"_ _0\"></span>n market<span class=\"_ _0\"></span> observ<span class=\"_ _2b\"></span>able</div>\n<div class=\"t m0 x1a h4f ybf8 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">inputs, ex<span class=\"_ _2b\"></span>isting at the report<span class=\"_ _2b\"></span>ing date. Inputs ca<span class=\"_ _0\"></span>n be either<span class=\"_ _0\"></span> directly</div>\n<div class=\"t m0 x1a h4f ybf9 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">observa<span class=\"_ _2b\"></span>ble (i.e. prices) or i<span class=\"_ _0\"></span>ndirect<span class=\"_ _0\"></span>ly observ<span class=\"_ _0\"></span>able (i.e.<span class=\"_ _0\"></span> derive<span class=\"_ _0\"></span>d from pric<span class=\"_ _0\"></span>es,</div>\n<div class=\"t m0 x1a h4f ybfa ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">such as int<span class=\"_ _0\"></span>erest or exc<span class=\"_ _0\"></span>hange rat<span class=\"_ _0\"></span>es). <span class=\"lse2 wsf1\">When<span class=\"ls0 ws0\"> </span></span>Ageas uses<span class=\"_ _0\"></span> quantit<span class=\"_ _0\"></span>ative</div>\n<div class=\"t m0 x1a h4f ybfb ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unobse<span class=\"_ _0\"></span>rvable i<span class=\"_ _0\"></span>nputs i<span class=\"_ _0\"></span>n measur<span class=\"_ _0\"></span>ing fair <span class=\"_ _0\"></span>value, t<span class=\"_ _2b\"></span>hose are not d<span class=\"_ _0\"></span>evelope<span class=\"_ _0\"></span>d in</div>\n<div class=\"t m0 x1a h4f ybfc ffb1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">house.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfd ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfe ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If there is a val<span class=\"_ _2b\"></span>uation techniq<span class=\"_ _0\"></span>ue common<span class=\"_ _0\"></span>ly used by mar<span class=\"_ _2b\"></span>ket participants<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ybff ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to pric<span class=\"_ _0\"></span>e an instr<span class=\"_ _2b\"></span>ument and that<span class=\"_ _0\"></span> valuat<span class=\"_ _0\"></span>ion tec<span class=\"_ _0\"></span>hnique d<span class=\"_ _2b\"></span>emonstrated t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yc00 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide r<span class=\"_ _0\"></span>eliabl<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>es of prices<span class=\"_ _0\"></span> obtained i<span class=\"_ _0\"></span>n actual ma<span class=\"_ _0\"></span>rket</div>\n<div class=\"t m0 x1a h4f yc01 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transactions,<span class=\"_ _2\"></span> Ageas applies that valuation<span class=\"_ _2\"></span> technique. Well established<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc02 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on techni<span class=\"_ _2b\"></span>ques in financial ma<span class=\"_ _0\"></span>rkets incl<span class=\"_ _2b\"></span>ude recent market<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc03 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions, discount<span class=\"_ _2b\"></span>ed cash flows <span class=\"_ _0\"></span>(includi<span class=\"_ _2b\"></span>ng optio<span class=\"ls0 ws0\">n-</span><span class=\"lse2\">pricing<span class=\"_ _2\"></span> models) </span></div>\n<div class=\"t m0 x1a h4f yc04 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and curr<span class=\"_ _0\"></span>ent rep<span class=\"_ _0\"></span>laceme<span class=\"_ _2b\"></span>nt cost. An acc<span class=\"_ _0\"></span>eptable v<span class=\"_ _2b\"></span>aluation tec<span class=\"_ _0\"></span>hnique</div>\n<div class=\"t m0 x1a h4f yc05 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">incorporates all<span class=\"_ _2\"></span> factors that market parti<span class=\"_ _2\"></span>cipants would consider when</div>\n<div class=\"t m0 x1a h4f yc06 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">setting <span class=\"_ _0\"></span>a price,<span class=\"_ _0\"></span> and sh<span class=\"_ _0\"></span>ould be c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>ent with <span class=\"_ _0\"></span>accept<span class=\"_ _0\"></span>ed econo<span class=\"_ _0\"></span>mic</div>\n<div class=\"t m0 x1a h4f yc07 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">methodologies<span class=\"_ _2\"></span> for pricing financial in<span class=\"_ _2\"></span>s<span class=\"lse0 wsef\">tru<span class=\"_ _0\"></span>ments.<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">These techniques are </span></span></span></div>\n<div class=\"t m0 x1a h4f yc08 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subject t<span class=\"_ _0\"></span>o inherent<span class=\"_ _0\"></span> limitati<span class=\"_ _2b\"></span>ons, such as estimat<span class=\"_ _0\"></span>ion of the a<span class=\"_ _0\"></span>ppropria<span class=\"_ _2b\"></span>te risk<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yc09 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed discount<span class=\"_ _0\"></span> rate. The us<span class=\"_ _2b\"></span>e of different assum<span class=\"_ _2b\"></span>ptions and inputs</div>\n<div class=\"t m0 x1a h4f yc0a ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">would yi<span class=\"_ _2b\"></span>eld different r<span class=\"_ _0\"></span>esults.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc0b ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc0c ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The level 3 pos<span class=\"_ _2b\"></span>itions are mainly s<span class=\"_ _0\"></span>ensitiv<span class=\"_ _0\"></span>e to a c<span class=\"wsfa\">hange<span class=\"_ _0\"></span> in the l<span class=\"_ _0\"></span>evel of </span></div>\n<div class=\"t m0 x1a h4f yc0d ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d futur<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows and,<span class=\"_ _0\"></span> accord<span class=\"_ _0\"></span>ingly, t<span class=\"_ _2b\"></span>he fair value of<span class=\"ls0 ws0\"> </span><span class=\"wsef\">th<span class=\"_ _2b\"></span>ose </span></div>\n<div class=\"t m0 x1a h4f yc0e ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">positions v<span class=\"_ _2\"></span>aries<span class=\"ls0 ws0\"> </span><span class=\"lse0\">in prop<span class=\"_ _0\"></span>ortion t<span class=\"_ _0\"></span>o change<span class=\"_ _0\"></span>s of thes<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows. T<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x1a h4f yc0f ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes i<span class=\"_ _0\"></span>n value of th<span class=\"_ _0\"></span>e level 3 instr<span class=\"_ _0\"></span>uments a<span class=\"_ _0\"></span>re account<span class=\"_ _2b\"></span>ed for in other</div>\n<div class=\"t m0 x1a h4f yc10 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 268px; height: 829px; width: 353px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 593px; width: 350px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y9db ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 267px; height: 839px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 267px; height: 839px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 267px; height: 839px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 267px; height: 839px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 267px; height: 839px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Methods and assum<span class=\"_ _2\"></span>ptions used in determining<span class=\"_ _2\"></span> the fair value are largely</div>\n<div class=\"t m0 x7 h4f y803 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">depende<span class=\"_ _2b\"></span>nt on whether the inst<span class=\"_ _0\"></span>rument is<span class=\"_ _0\"></span> traded on fi<span class=\"_ _0\"></span>nancial m<span class=\"_ _0\"></span>arkets an<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y804 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the info<span class=\"_ _0\"></span>rmation t<span class=\"_ _0\"></span>hat is avail<span class=\"_ _0\"></span>able to be inc<span class=\"_ _2b\"></span>orporated into t<span class=\"_ _0\"></span>he valuat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x7 h4f y805 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">models<span class=\"ws103\">. A summary o<span class=\"_ _2\"></span>f different financial in<span class=\"_ _2\"></span>strument types along with </span></div>\n<div class=\"t m0 x7 h4f y806 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e treat<span class=\"_ _0\"></span>ment is i<span class=\"_ _0\"></span>nclude<span class=\"_ _0\"></span>d below:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ffb6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">i)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _13b\"> </span></span><span class=\"lse0 wsf0\">Fair values<span class=\"_ _0\"></span> for securit<span class=\"_ _0\"></span>ies class<span class=\"_ _2b\"></span>ified at availab<span class=\"_ _0\"></span>le<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span>sale o<span class=\"_ _0\"></span>r at fair </span></div>\n<div class=\"t m0 x45 h4f y808 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss are d<span class=\"_ _0\"></span>etermin<span class=\"_ _2b\"></span>ed using market pric<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x45 h4f y809 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from activ<span class=\"_ _2\"></span>e <span class=\"lse0\">mark<span class=\"_ _0\"></span>ets. If n<span class=\"_ _0\"></span>o quote<span class=\"_ _0\"></span>d prices<span class=\"_ _0\"></span> are avai<span class=\"_ _2b\"></span>lable from an </span></div>\n<div class=\"t m0 x45 h4f y80a ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active mar<span class=\"_ _2b\"></span>ket, the fair value is<span class=\"_ _0\"></span> determi<span class=\"_ _0\"></span>ned using di<span class=\"_ _0\"></span>scount<span class=\"_ _0\"></span>ed cash</div>\n<div class=\"t m0 x45 h4f y80b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flow models.<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">In par<span class=\"_ _0\"></span>ticular fo<span class=\"_ _2b\"></span>r asset<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">backed<span class=\"_ _2\"></span> securities, the expected<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x45 h4f y80c ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws used <span class=\"_ _0\"></span>in the d<span class=\"_ _0\"></span>iscount<span class=\"_ _0\"></span>ed cash f<span class=\"_ _0\"></span>low mo<span class=\"_ _0\"></span>del tak<span class=\"_ _0\"></span>e into</div>\n<div class=\"t m0 x45 h4f y80d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account o<span class=\"_ _0\"></span>r<span class=\"wsfa\">igina<span class=\"_ _0\"></span>l underw<span class=\"_ _0\"></span>riting c<span class=\"_ _2b\"></span>riteria, borr<span class=\"_ _0\"></span>ower att<span class=\"_ _0\"></span>ributes<span class=\"_ _2b\"></span> (such as </span></div>\n<div class=\"t m0 x45 h4f y80e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">age and cre<span class=\"_ _0\"></span>dit scores<span class=\"_ _2b\"></span>), <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>an<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>val<span class=\"_ _2b\"></span>ue ratios, expect<span class=\"_ _0\"></span>ed house pr<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x45 h4f y80f ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">movements and exp<span class=\"_ _2\"></span>ected prepayment rates.<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Dis<span class=\"_ _0\"></span>count fa<span class=\"_ _0\"></span>ctors are </span></span></div>\n<div class=\"t m0 x45 h4f y810 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on a sw<span class=\"_ _0\"></span>ap curve plu<span class=\"_ _0\"></span>s a spread ref<span class=\"_ _2b\"></span>lecting the risk</div>\n<div class=\"t m0 x45 h4f y90a ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">characterist<span class=\"lse0 wsfa\">ics of the inst<span class=\"_ _0\"></span>rument. <span class=\"_ _0\"></span>Fair va<span class=\"_ _2b\"></span>lues for secur<span class=\"_ _0\"></span>ities </span></div>\n<div class=\"t m0 x45 h4f y90b ffb6 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">classified at held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">maturity (only n<span class=\"_ _2\"></span>ecessary for dis<span class=\"_ _2\"></span>closures) are </span></span></div>\n<div class=\"t m0 x45 h4f y90c ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned in the same way.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ffb6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">ii)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _1ae\"> </span></span><span class=\"lse0 wsf0\">Fair values for de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive financ<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>ruments<span class=\"_ _0\"></span> are obtain<span class=\"_ _0\"></span>ed from </span></div>\n<div class=\"t m0 x45 h4f y90e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active mar<span class=\"_ _2b\"></span>kets or are determi<span class=\"_ _0\"></span>ned usin<span class=\"_ _0\"></span>g, as <span class=\"lse2 wsf1\">appropriate, </span></div>\n<div class=\"t m0 x45 h4f y90f ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash flow model<span class=\"_ _0\"></span>s and option pr<span class=\"_ _2b\"></span>icing models.<span class=\"_ _0\"></span> Quoted</div>\n<div class=\"t m0 x45 h4f y910 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>ices prov<span class=\"_ _0\"></span>ide the mos<span class=\"_ _0\"></span>t reliabl<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e for derivat<span class=\"_ _2b\"></span>ives</div>\n<div class=\"t m0 x45 h4f y911 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">traded on a rec<span class=\"_ _2b\"></span>ognised excha<span class=\"_ _2b\"></span>nge. Fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es not</div>\n<div class=\"t m0 x45 h4f y912 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">traded on<span class=\"_ _2\"></span> a recognised exchan<span class=\"_ _2\"></span>ge is considered <span class=\"_ _2\"></span>to be<span class=\"ls0 ws0\"> </span><span class=\"lse0\">the valu<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x45 h4f y913 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that could <span class=\"_ _2\"></span>be realised thro<span class=\"_ _2\"></span>ugh termination o<span class=\"_ _2\"></span>r assignment of the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x45 h4f y914 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">derivative.<span class=\"_ _2\"></span> Factors that influence the va<span class=\"_ _2\"></span>luation of an individual<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x45 h4f y915 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ive inclu<span class=\"_ _2b\"></span>de <span class=\"_ _2\"></span>the co<span class=\"_ _0\"></span>unterp<span class=\"_ _2b\"></span>arty\u2019s credit rat<span class=\"_ _0\"></span>ing and the<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x45 h4f y916 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complex<span class=\"_ _0\"></span>ity of t<span class=\"_ _0\"></span>he deriv<span class=\"_ _2b\"></span>ative. If thes<span class=\"_ _0\"></span>e factor<span class=\"_ _0\"></span>s differ f<span class=\"_ _2b\"></span><span class=\"wsf0\">rom the basic </span></div>\n<div class=\"t m0 x45 h4f y917 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">factors<span class=\"_ _0\"></span> underly<span class=\"_ _2b\"></span>ing the quote, <span class=\"_ _0\"></span>an adjus<span class=\"_ _0\"></span>tment t<span class=\"_ _2b\"></span>o the quoted pr<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x45 h4f y918 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">may be considered.<span class=\"_ _2\"></span> Common valuation methodol<span class=\"_ _2\"></span>ogies for an</div>\n<div class=\"t m0 x45 h4f y919 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate s<span class=\"_ _0\"></span>wap inc<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>e a comp<span class=\"_ _2b\"></span>arison of the y<span class=\"_ _0\"></span>ield of t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x45 h4f y91a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">swap wit<span class=\"_ _0\"></span>h the cu<span class=\"_ _0\"></span>rrent sw<span class=\"_ _2b\"></span>ap yield curve.<span class=\"_ _0\"></span> The sw<span class=\"_ _0\"></span>ap yiel<span class=\"_ _0\"></span>d curve is<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x45 h4f y91b ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derived f<span class=\"_ _0\"></span>rom quote<span class=\"_ _0\"></span>d swap rates.<span class=\"_ _0\"></span> Dealer b<span class=\"_ _0\"></span>id and offe<span class=\"_ _0\"></span>r quotes are</div>\n<div class=\"t m0 x45 h4f y91c ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">generally avai<span class=\"_ _2\"></span>lable for basic interest ra<span class=\"_ _2\"></span>te swaps involving</div>\n<div class=\"t m0 x45 h4f y91d ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">counte<span class=\"_ _0\"></span>rparties <span class=\"_ _0\"></span>whose s<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>ies are i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">grade.</span> </span></div>\n<div class=\"t m0 x7 h4f y91e ffb6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">iii)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _c2\"> </span></span><span class=\"lse0 wsf0\">Fair values<span class=\"_ _0\"></span> for unquot<span class=\"_ _0\"></span>ed privat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>equit<span class=\"_ _2b\"></span>y investments ar<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>ed </span></div>\n<div class=\"t m0 x45 h4f y91f ffb6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">using<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">applicable mar<span class=\"_ _0\"></span>ket mult<span class=\"_ _0\"></span>iples (e.g<span class=\"_ _2b\"></span>. <span class=\"_ _2\"></span>pric<span class=\"_ _0\"></span>e/earni<span class=\"_ _2b\"></span>ngs or price/cash </span></span></div>\n<div class=\"t m0 x45 h4f y920 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flow ratios)<span class=\"_ _2\"></span>, refined to reflect the specific<span class=\"_ _2\"></span> circumstances of the</div>\n<div class=\"t m0 x45 h4f y921 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">issuer.<span class=\"ls0 ws0\"> L</span><span class=\"wsf0\">evel 3 val<span class=\"_ _2b\"></span>uations for privat<span class=\"_ _2b\"></span>e equities and vent<span class=\"_ _0\"></span>ure capit<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x45 h4f y922 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">make <span class=\"lsfb wsfa\">u<span class=\"_ _2\"></span>se<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">of </span></span><span class=\"lse0\">fair valu<span class=\"_ _0\"></span>es discl<span class=\"_ _0\"></span>osed in t<span class=\"_ _2b\"></span>he audited fin<span class=\"_ _0\"></span>ancia<span class=\"ls106 ws124\">l </span></span></span></div>\n<div class=\"t m0 x45 h4f y923 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nts of the relevant pa<span class=\"_ _0\"></span>rticip<span class=\"_ _0\"></span>ations. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y924 ffb6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">iv)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _46\"> </span></span><span class=\"lse0\">Fair values for bor<span class=\"_ _0\"></span>rowings a<span class=\"_ _0\"></span>nd issue<span class=\"_ _0\"></span>d subordi<span class=\"_ _0\"></span>nated loa<span class=\"_ _0\"></span>ns are </span></div>\n<div class=\"t m0 x45 h4f y925 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned using discount<span class=\"_ _2b\"></span>ed cash flow models<span class=\"_ _0\"></span> based upo<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x45 h4f y926 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas's <span class=\"lse0 wsfa\">current incre<span class=\"_ _0\"></span>mental<span class=\"_ _0\"></span> lending <span class=\"_ _0\"></span>rates fo<span class=\"_ _2b\"></span>r similar typ<span class=\"_ _0\"></span>e of </span></div>\n<div class=\"t m0 x45 h4f y927 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">borrowing. For<span class=\"_ _2\"></span> variable<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">rate loans<span class=\"_ _2b\"></span> that re<span class=\"ls0 ws0\">-</span>price fre<span class=\"_ _0\"></span>quentl<span class=\"_ _0\"></span>y and </span></span></div>\n<div class=\"t m0 x45 h4f y928 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have no <span class=\"lse2 ws103\">significant change in cred<span class=\"_ _2\"></span>it risk, fair values are<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x45 h4f y929 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">approxi<span class=\"_ _0\"></span>mated by<span class=\"_ _0\"></span> the car<span class=\"_ _2b\"></span>rying amount.<span class=\"_ _2b\"></span> Option<span class=\"ls0 ws0\">-</span><span class=\"lse2\">pricing <span class=\"_ _2\"></span>models are </span></div>\n<div class=\"t m0 x45 h4f y92a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">used for v<span class=\"_ _2b\"></span>aluing caps an<span class=\"_ _0\"></span>d prep<span class=\"_ _0\"></span>ayment op<span class=\"_ _2b\"></span>tions embedd<span class=\"_ _0\"></span>ed in loa<span class=\"_ _0\"></span>ns</div>\n<div class=\"t m0 x45 h4f y92b ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that hav<span class=\"_ _0\"></span>e been s<span class=\"_ _0\"></span>eparat<span class=\"_ _0\"></span>ed in acc<span class=\"_ _2b\"></span>ordance with I<span class=\"_ _0\"></span>FRS.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y92c ffb6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">v)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _a\"> </span></span><span class=\"lse0\">Fair values<span class=\"_ _0\"></span> for off<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">balance</span> s<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">heet commitments<span class=\"_ _2\"></span> or guarantees are<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x45 h4f yc12 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on fe<span class=\"_ _0\"></span>es current<span class=\"_ _2b\"></span>ly <span class=\"_ _2\"></span>ch<span class=\"_ _2b\"></span>arged to enter into si<span class=\"_ _0\"></span>milar agr<span class=\"_ _0\"></span>eements<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x237 h4f yc13 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">taking int<span class=\"_ _2b\"></span>o account the remain<span class=\"_ _0\"></span>ing terms<span class=\"_ _0\"></span> of the agre<span class=\"_ _0\"></span>ements an<span class=\"_ _0\"></span>d the</div>\n<div class=\"t m0 x237 h4f yc14 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counterpartie<span class=\"_ _2\"></span>s\u2019 credit standings<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc16 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Non exch<span class=\"_ _0\"></span>ange trad<span class=\"_ _0\"></span>ed financi<span class=\"_ _2b\"></span>al instruments are of<span class=\"_ _0\"></span>ten tra<span class=\"_ _0\"></span>ded in over<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">the</span>-</span></div>\n<div class=\"t m0 x1a h4f yc17 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counter (OT<span class=\"_ _2\"></span>C) markets by deale<span class=\"_ _2\"></span>rs or other in<span class=\"_ _2\"></span>termediaries from whom<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc18 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>ices can be o<span class=\"_ _0\"></span>btained.<span class=\"_ _0\"></span> Quotat<span class=\"_ _0\"></span>ions are av<span class=\"_ _0\"></span>ailable f<span class=\"_ _0\"></span>rom vario<span class=\"_ _2b\"></span>us</div>\n<div class=\"t m0 x1a h4f yc19 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">sources for<span class=\"_ _2\"></span> many financial i<span class=\"_ _2\"></span>nstruments traded r<span class=\"_ _2\"></span>egularly in the<span class=\"_ _2\"></span> OTC</div>\n<div class=\"t m0 x1a h4f yc1a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market. T<span class=\"_ _2b\"></span>hose sources i<span class=\"_ _0\"></span>nclude t<span class=\"_ _2b\"></span>he fi<span class=\"lse2\">nancial<span class=\"_ _2\"></span> press, various publ<span class=\"_ _2\"></span>ications </span></div>\n<div class=\"t m0 x1a h4f yc1b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and financial<span class=\"_ _2\"></span> reporting services, and also in<span class=\"_ _2\"></span>dividual market makers<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc1c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1d ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value m<span class=\"_ _0\"></span>ethodol<span class=\"_ _0\"></span>ogy app<span class=\"_ _0\"></span>lied for t<span class=\"_ _2b\"></span>he measurem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _0\"></span>nancial</div>\n<div class=\"t m0 x1a h4f yc1e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents, as d<span class=\"_ _0\"></span>escribe<span class=\"_ _0\"></span>d above, di<span class=\"_ _0\"></span>d not change as<span class=\"_ _0\"></span> a result<span class=\"_ _0\"></span> of the</div>\n<div class=\"t m0 x1a h4f yc1f ffb6 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"lse2\">19 pandem<span class=\"lse0\">ic. If appl<span class=\"_ _0\"></span>icable,<span class=\"_ _0\"></span> additi<span class=\"_ _0\"></span>onal unc<span class=\"_ _2b\"></span>ertainties rel<span class=\"_ _2b\"></span>ated to the </span></span></div>\n<div class=\"t m0 x1a h4f yc20 ffb6 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"lse0\">19 pan<span class=\"_ _0\"></span>demic h<span class=\"_ _2b\"></span>ave been incorp<span class=\"_ _2b\"></span>orated in the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue </span></div>\n<div class=\"t m0 x1a h4f yc21 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">  </div>\n<div class=\"t m0 x1a h4f yc23 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">More detai<span class=\"_ _2b\"></span>led information o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _2b\"></span>ion of these valuati<span class=\"_ _2b\"></span>on methods</div>\n<div class=\"t m0 x1a h4f yc24 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and assum<span class=\"_ _0\"></span>ptions is<span class=\"_ _0\"></span> included in t<span class=\"_ _0\"></span>he applic<span class=\"_ _0\"></span>able not<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">of these<span class=\"_ _2\"></span> Ageas </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Consoli<span class=\"_ _2b\"></span>dated Financial St<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 804px; height: 277px; width: 348px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 798px; width: 348px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h55 ybf0 ffb9 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Offsett<span class=\"_ _2b\"></span>ing of financial ass<span class=\"_ _2b\"></span>ets and liabiliti<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf1 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets and liabil<span class=\"_ _0\"></span>ities are of<span class=\"_ _0\"></span>fset resu<span class=\"_ _2b\"></span>lting in the net amou<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x1a h4f ybf2 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">being re<span class=\"_ _0\"></span>ported on the s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of financ<span class=\"_ _0\"></span>ial positi<span class=\"_ _2b\"></span>on if <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is a lega<span class=\"_ _0\"></span>lly</div>\n<div class=\"t m0 x1a h4f ybf3 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">enforc<span class=\"_ _0\"></span>eabl<span class=\"lse2 ws103\">e right to set off the recogn<span class=\"_ _2\"></span>ised amounts and there is an<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f ybf4 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">intenti<span class=\"_ _0\"></span>on to set<span class=\"_ _0\"></span>tle on a<span class=\"_ _0\"></span> net bas<span class=\"_ _0\"></span>is, or re<span class=\"_ _2b\"></span>alise the asset <span class=\"_ _0\"></span>and sett<span class=\"_ _2b\"></span>le the</div>\n<div class=\"t m0 x1a h4f ybf5 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liability<span class=\"_ _2\"></span> simultaneously.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 693px; height: 89px; width: 348px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yb46 ffb6 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Derivatives</span> <span class=\"lse0 wsf0\">a<span class=\"_ _0\"></span>nd financi<span class=\"_ _2b\"></span>al instruments us<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r hedging<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb47 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Derivat<span class=\"_ _0\"></span>ives are fi<span class=\"_ _0\"></span>nancial i<span class=\"_ _2b\"></span>nstruments s<span class=\"lse2 ws103\">uch as swaps, forward and future<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yb48 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s, and option<span class=\"_ _0\"></span>s (both w<span class=\"_ _2b\"></span>ritten and pu<span class=\"_ _0\"></span>rchased<span class=\"_ _0\"></span>). The v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>hese</div>\n<div class=\"t m0 x1a h4f yb49 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments changes in response<span class=\"_ _2\"></span> to changes in various</div>\n<div class=\"t m0 x1a h4f yb4a ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">underly<span class=\"_ _0\"></span>ing varia<span class=\"_ _0\"></span>bles. Der<span class=\"_ _0\"></span>ivatives<span class=\"_ _0\"></span> require l<span class=\"_ _0\"></span>ittle or no net<span class=\"_ _0\"></span> initial<span class=\"_ _0\"></span> investm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f yb4b ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are sett<span class=\"_ _0\"></span>led at a futu<span class=\"_ _0\"></span>re date. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb4d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All deriv<span class=\"_ _2b\"></span>atives are recogn<span class=\"_ _0\"></span>ised on the s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt of financi<span class=\"_ _2b\"></span>al position at</div>\n<div class=\"t m0 x1a h4f yb4e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e on the trade d<span class=\"_ _2b\"></span>ate. A distinction is<span class=\"_ _0\"></span> made betw<span class=\"_ _0\"></span>een:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4f ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse0 wsfa\">Derivatives h<span class=\"_ _2b\"></span>eld for tradin<span class=\"_ _0\"></span>g;<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb50 ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse2 ws103\">D<span class=\"_ _2\"></span>erivatives for hedging purp<span class=\"_ _2\"></span>oses.</span><span class=\"ffb6\"> </span></span></div>\n<div class=\"t m0 x1a h55 yc26 ffb9 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Embedded <span class=\"lse0 wsef\">derivatives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc27 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets or liabilit<span class=\"_ _2b\"></span>ies can include emb<span class=\"_ _0\"></span>edded der<span class=\"_ _2b\"></span>ivatives. Such</div>\n<div class=\"t m0 x1a h4f yc28 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments are often referred to a<span class=\"_ _2\"></span>s hybrid financial</div>\n<div class=\"t m0 x1a h4f yc29 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents. Hy<span class=\"_ _2b\"></span>brid financia<span class=\"_ _2b\"></span>l instruments i<span class=\"_ _0\"></span>nclude <span class=\"_ _0\"></span>revers<span class=\"_ _0\"></span>e convert<span class=\"_ _2b\"></span>ible</div>\n<div class=\"t m0 x1a h4f yc2a ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">bonds (bond<span class=\"_ _2\"></span>s whose repayment m<span class=\"_ _2\"></span>ay take t<span class=\"lse0 wsf0\">he form of eq<span class=\"_ _0\"></span>uities) or bo<span class=\"_ _2b\"></span>nds </span></div>\n<div class=\"t m0 x1a h4f yc2b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">with indexed int<span class=\"_ _2\"></span>erest payments. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc2d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e through p<span class=\"_ _2b\"></span>rofit or loss or if</div>\n<div class=\"t m0 x1a h4f yc2e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the char<span class=\"_ _0\"></span>acterist<span class=\"_ _2b\"></span>ics and risks of the em<span class=\"_ _0\"></span>bedded de<span class=\"_ _0\"></span>rivativ<span class=\"_ _2b\"></span>e are closely</div>\n<div class=\"t m0 x1a h4f yc2f ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">related<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">to t<span class=\"_ _2b\"></span>hose of the host<span class=\"_ _0\"></span> contra<span class=\"_ _0\"></span>ct, the <span class=\"_ _0\"></span>embe<span class=\"wsf0\">d<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>ative is not<span class=\"_ _0\"></span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc30 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ed, and the hybrid fin<span class=\"_ _0\"></span>ancial ins<span class=\"_ _2b\"></span>trument is measu<span class=\"_ _0\"></span>red as one</div>\n<div class=\"t m0 x1a h4f yc31 ffb6 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">instrument. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 367px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 372px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 298px; height: 808px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> not measur<span class=\"_ _2b\"></span>ed at fair value throu<span class=\"_ _0\"></span>gh profit or lo<span class=\"_ _0\"></span>ss</div>\n<div class=\"t m0 x7 h4f y803 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the c<span class=\"_ _2b\"></span>haracteristic<span class=\"_ _0\"></span>s and ris<span class=\"_ _0\"></span>ks of t<span class=\"_ _0\"></span>he embed<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">de<span class=\"_ _2\"></span>d derivative are not </span></div>\n<div class=\"t m0 x7 h4f y804 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">closely r<span class=\"_ _0\"></span>elated to tho<span class=\"_ _2b\"></span>se of the host contract<span class=\"_ _0\"></span>, the emb<span class=\"_ _0\"></span>edded deriv<span class=\"_ _2b\"></span>ative</div>\n<div class=\"t m0 x7 h4f y805 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">should be separa<span class=\"_ _2\"></span>ted from the host contract<span class=\"_ _2\"></span> and measured at fair value</div>\n<div class=\"t m0 x7 h4f y806 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a stand<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">alo<span class=\"_ _0\"></span>ne deriv<span class=\"_ _0\"></span>ative. C<span class=\"_ _2b\"></span>hanges in the f<span class=\"_ _2b\"></span>air value are rec<span class=\"_ _2b\"></span>orded in </span></div>\n<div class=\"t m0 x7 h4f y807 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span>The <span class=\"_ _0\"></span>host co<span class=\"_ _0\"></span>ntract <span class=\"_ _0\"></span>is accou<span class=\"_ _0\"></span>nted fo<span class=\"_ _0\"></span>r and meas<span class=\"_ _2b\"></span>ured</div>\n<div class=\"t m0 x7 h4f y808 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g the rul<span class=\"_ _0\"></span>es of the <span class=\"_ _2b\"></span>relevant cate<span class=\"_ _0\"></span>gory of t<span class=\"_ _0\"></span>he finan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>trumen<span class=\"_ _0\"></span>t.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Embedded der<span class=\"_ _2\"></span>ivatives requiring <span class=\"_ _2\"></span>separation are repo<span class=\"_ _2\"></span>rted as hedging</div>\n<div class=\"t m0 x7 h4f y80b ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ives or deri<span class=\"_ _2b\"></span>vatives held for tr<span class=\"_ _0\"></span>ading as <span class=\"lse2 wsf1\">appropriate.<span class=\"ls0 ws0\"> </span></span></div>\n\n<div class=\"t m0 x7 h55 y8ce ffbd fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Hedging<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y882 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On the date Ag<span class=\"_ _2b\"></span>eas enters into a der<span class=\"_ _0\"></span>ivative c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">and decide<span class=\"_ _2\"></span>s to </span></span></div>\n<div class=\"t m0 x7 h4f y883 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">designat<span class=\"_ _2b\"></span>e the contract<span class=\"_ _0\"></span> for he<span class=\"_ _0\"></span>dging pu<span class=\"_ _0\"></span>rposes<span class=\"_ _0\"></span><span class=\"lse2 ws103\">, this contract is<span class=\"_ _2\"></span> designated </span></div>\n<div class=\"t m0 x7 h4f y884 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as either:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y885 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A fair value he<span class=\"_ _0\"></span>dge: a <span class=\"_ _0\"></span>hedge of t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of a reco<span class=\"_ _2b\"></span>gnised asset </span></span></div>\n<div class=\"t m0 x43 h4f y886 ffbb fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">or liab<span class=\"_ _2\"></span>ility;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb ls107 ws122\">A <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hed<span class=\"_ _0\"></span>ge of a net inves<span class=\"_ _0\"></span>tment i<span class=\"_ _0\"></span>n a foreign enti<span class=\"_ _2b\"></span>ty<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y8d0 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A cash flow he<span class=\"_ _0\"></span>dge: a he<span class=\"_ _0\"></span>dge of fut<span class=\"_ _2b\"></span>ure cash flows<span class=\"_ _0\"></span> attribut<span class=\"_ _2b\"></span>able to a </span></span></div>\n<div class=\"t m0 x43 h4f y8d1 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised a<span class=\"_ _2\"></span>sset or liability<span class=\"_ _2\"></span> or a <span class=\"ws103\">highly probable<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">for<span class=\"_ _0\"></span>ecast </span></span></div>\n<div class=\"t m0 x43 h4f y8d2 ffbb fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d3 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb28 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Hedges of firm<span class=\"_ _2\"></span> commitments are fair value hedge<span class=\"_ _2\"></span>s, except for hedge<span class=\"lsf4 ws114\">s of </span></div>\n<div class=\"t m0 x7 h4f yb29 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the for<span class=\"_ _0\"></span>eign exc<span class=\"_ _2b\"></span>hange risk of a f<span class=\"_ _0\"></span>irm comm<span class=\"_ _2b\"></span>itment, which<span class=\"_ _0\"></span> are acco<span class=\"_ _0\"></span>unted f<span class=\"_ _0\"></span>or</div>\n<div class=\"t m0 x7 h4f yb2a ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">as cash flow hedge<span class=\"_ _2\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2b ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the cont<span class=\"_ _0\"></span>ext of hedge acc<span class=\"_ _2b\"></span>ounting, the fol<span class=\"_ _0\"></span>lowing doc<span class=\"_ _2b\"></span>umentation is</div>\n<div class=\"t m0 x7 h4f yb2d ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">prepared:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y962 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">At the start of the trans<span class=\"_ _0\"></span>action, t<span class=\"_ _0\"></span>he relat<span class=\"_ _0\"></span>ionship b<span class=\"_ _2b\"></span>etween <span class=\"wsef\">the <span class=\"lse2 wsf1\">hedging </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y963 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> and hedged items,<span class=\"_ _2\"></span> as well as its<span class=\"_ _2\"></span> risk management</div>\n<div class=\"t m0 x43 h4f y964 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">objective and s<span class=\"_ _2\"></span>trategy for undertaking va<span class=\"_ _2\"></span>rious hedge transactions,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x43 h4f y965 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are docum<span class=\"_ _0\"></span>ented<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x7 h4f y966 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">Both at the start of the<span class=\"_ _0\"></span> hedge and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, the </span></span></div>\n<div class=\"t m0 x43 h4f y967 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assessm<span class=\"_ _2b\"></span>ent of whether t<span class=\"_ _2b\"></span>he derivatives<span class=\"_ _2b\"></span> that are used <span class=\"_ _0\"></span><span class=\"lse2\">in hedging<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x43 h4f y968 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions are high<span class=\"_ _0\"></span>ly effect<span class=\"_ _2b\"></span>ive in offsett<span class=\"_ _2b\"></span>ing changes in <span class=\"_ _0\"></span>fair valu<span class=\"_ _2b\"></span>es</div>\n<div class=\"t m0 x43 h4f y969 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or cash <span class=\"_ _2\"></span>flows of hedged i<span class=\"_ _2\"></span>tems is documented.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Assets, liabil<span class=\"_ _2\"></span>ities, firm commitments or high<span class=\"_ _2\"></span>ly probable forecast</div>\n<div class=\"t m0 x7 h4f y96c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions that involve a p<span class=\"_ _0\"></span>arty exter<span class=\"_ _2b\"></span>nal to Ageas are desig<span class=\"_ _2b\"></span>nated as</div>\n<div class=\"t m0 x7 h4f y96d ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">hedged it<span class=\"_ _2b\"></span>ems. A hedged i<span class=\"_ _0\"></span>tem can <span class=\"_ _2b\"></span>also be a part<span class=\"_ _0\"></span>icular r<span class=\"_ _0\"></span>isk that i<span class=\"_ _2b\"></span>s a</div>\n<div class=\"t m0 x7 h4f y96e ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">portion of<span class=\"_ _0\"></span> the total ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e hedged i<span class=\"_ _0\"></span>tem. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96f ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y970 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"lse2 wsf1\">hange</span>s<span class=\"_ _2\"></span> <span class=\"ls102 ws11d\">in <span class=\"lse2 wsf1\">the <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fai<span class=\"_ _0\"></span>r value of a hedg<span class=\"_ _2b\"></span>ed item that is attri<span class=\"_ _0\"></span>butabl<span class=\"_ _0\"></span>e to the </span></span></span></div>\n<div class=\"t m0 x7 h4f y971 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged ris<span class=\"_ _2\"></span>k and <span class=\"ls0 ws0\">c</span><span class=\"wsf1\">hange<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span></span><span class=\"lse0\">in the f<span class=\"_ _2b\"></span>air value of the <span class=\"_ _2b\"></span>hedging inst<span class=\"_ _0\"></span><span class=\"wsf0\">rument in a </span></span></div>\n<div class=\"t m0 x7 h4f y972 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">fair value hedge<span class=\"_ _2\"></span> are recognised in the income s<span class=\"_ _2\"></span>tatement. The change in</div>\n<div class=\"t m0 x7 h4f y973 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"lse0 wsf0\">fair value of int<span class=\"_ _2b\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">bearing<span class=\"_ _2\"></span> derivative instrum<span class=\"_ _2\"></span>ents is presented </span></span></span></div>\n<div class=\"t m0 x7 h4f y974 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ely <span class=\"_ _2\"></span>fr<span class=\"_ _2b\"></span>om interest accr<span class=\"_ _0\"></span>uals. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y976 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If the he<span class=\"_ _2b\"></span>dge no longer m<span class=\"_ _0\"></span>eets th<span class=\"_ _0\"></span>e crite<span class=\"_ _0\"></span>ria for h<span class=\"_ _0\"></span>edge acc<span class=\"_ _0\"></span>ounting,<span class=\"_ _2b\"></span> o<span class=\"ls102 ws129\">r is<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9da ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">otherwise di<span class=\"_ _2\"></span>scontinued, the adjustment to<span class=\"_ _2\"></span> the carrying amount of a</div>\n<div class=\"t m0 x7 h4f y9db ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged intere<span class=\"_ _2\"></span>st<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">bearing f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al instrum<span class=\"_ _0\"></span>ent that res<span class=\"_ _2b\"></span>ults from hedge </span></span></div>\n<div class=\"t m0 x7 h4f y9dc ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing is am<span class=\"_ _0\"></span>ortis<span class=\"_ _0\"></span>ed using t<span class=\"_ _2b\"></span>he new effectiv<span class=\"_ _2b\"></span>e interest rate c<span class=\"_ _2b\"></span>alculated</div>\n<div class=\"t m0 x7 h4f y9dd ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the hedg<span class=\"_ _0\"></span>e disconti<span class=\"_ _2b\"></span>nuance date.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc13 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Changes<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in the fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es that are de<span class=\"_ _0\"></span>signat<span class=\"_ _0\"></span>ed and qualif<span class=\"_ _0\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yc14 ffbb fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">as cash<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">flow hedges a<span class=\"_ _2\"></span>re recognised in <span class=\"_ _2\"></span><span class=\"ws103\">other comprehensive in<span class=\"_ _2\"></span>come</span></span> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">under the caption<span class=\"_ _2\"></span> \u2018Unrealised gains and<span class=\"_ _2\"></span> losses\u2019. The amount in <span class=\"lse0 wsef\">other </span></div>\n<div class=\"t m0 x1a h4f yc16 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">comprehensive in<span class=\"_ _2\"></span>come<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">is recl<span class=\"_ _0\"></span>assifie<span class=\"_ _0\"></span>d to the <span class=\"_ _0\"></span>income st<span class=\"_ _2b\"></span>ate<span class=\"wsf0\">ment when the </span></span></span></div>\n<div class=\"t m0 x1a h4f yc17 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedged it<span class=\"_ _0\"></span>em affect<span class=\"_ _0\"></span>s the incom<span class=\"_ _0\"></span>e stateme<span class=\"_ _0\"></span>nt. Any hed<span class=\"_ _0\"></span>ge ineffect<span class=\"_ _2b\"></span>iveness is</div>\n<div class=\"t m0 x1a h4f yc18 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">immediately rec<span class=\"_ _2\"></span>ognised in the income statement<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>hedge <span class=\"_ _0\"></span>of a forec<span class=\"_ _2b\"></span>ast transact<span class=\"_ _0\"></span>ion or fi<span class=\"_ _2b\"></span>rm commitment <span class=\"_ _2b\"></span>results in</div>\n<div class=\"t m0 x1a h4f yc1b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the recognition<span class=\"_ _2\"></span> of a non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">financial <span class=\"_ _2\"></span>asset or of a n<span class=\"_ _2\"></span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-</span></span></span>financial liabi<span class=\"_ _2\"></span>lity, the</div>\n<div class=\"t m0 x1a h4f yc1c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses pre<span class=\"_ _0\"></span>viousl<span class=\"_ _0\"></span>y deferre<span class=\"_ _0\"></span>d in <span class=\"lse2 ws103\">other comprehens<span class=\"_ _2\"></span>ive income<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x1a h4f yc1d ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transferred fr<span class=\"_ _2\"></span>om other comprehensive income<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>and are included in the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1e ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial measurem<span class=\"_ _2\"></span>ent of that non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">financial ass<span class=\"_ _2b\"></span>et or liability. Ot<span class=\"_ _0\"></span>herwise,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc1f ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts deferred<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">in </span></span>other compr<span class=\"_ _2\"></span>ehensive income<span class=\"ls0 ws0\"> </span>ar<span class=\"_ _2\"></span>e transferred to the</div>\n<div class=\"t m0 x1a h4f yc20 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement and <span class=\"wsef\">are </span>class<span class=\"_ _0\"></span>ified as pr<span class=\"_ _0\"></span>ofit or loss<span class=\"_ _0\"></span> in the perio<span class=\"_ _0\"></span>ds</div>\n<div class=\"t m0 x1a h4f yc21 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">during wh<span class=\"_ _0\"></span>ich the hedg<span class=\"_ _2b\"></span>ed firm commitme<span class=\"_ _0\"></span>nt or forec<span class=\"_ _0\"></span>ast transa<span class=\"_ _2b\"></span>ction affects</div>\n<div class=\"t m0 x1a h4f yc22 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc23 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc24 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The above als<span class=\"_ _2b\"></span>o applies if the hed<span class=\"_ _0\"></span>ge no<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">longer meets the cr<span class=\"_ _2\"></span>iteria for </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedge acc<span class=\"_ _2b\"></span>ounting, or is other<span class=\"_ _0\"></span>wise disc<span class=\"_ _2b\"></span>ontinued, but the h<span class=\"_ _2b\"></span>edged forecast</div>\n<div class=\"t m0 x1a h4f yc34 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion or firm co<span class=\"_ _0\"></span>mmitme<span class=\"_ _0\"></span>nt are st<span class=\"_ _2b\"></span>ill expected t<span class=\"_ _0\"></span>o occur.<span class=\"_ _0\"></span> If the h<span class=\"_ _0\"></span>edged</div>\n<div class=\"t m0 x1a h4f yc35 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">forecast trans<span class=\"_ _2\"></span>action or firm commitment are<span class=\"_ _2\"></span> no longer expected to</div>\n<div class=\"t m0 x1a h4f yc36 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occur, th<span class=\"_ _0\"></span>e am<span class=\"lse2 wsfa\">ounts deferred<span class=\"_ _2\"></span> in </span>other com<span class=\"_ _2b\"></span>prehensive inc<span class=\"_ _0\"></span>ome<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are <span class=\"lse2 wsf1\">directly </span></span></div>\n<div class=\"t m0 x1a h4f yc37 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transfe<span class=\"_ _0\"></span>rred to t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 346px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 646px; width: 352px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 335px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 824px; width: 352px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 340px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 829px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y9de ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div id=\"fs_WIILL92SOG00000000000000000000\">\n<div class=\"t m0 x1a h4f ybf4 ffbb fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.3<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"ls102 ws11d\">Sa<span class=\"_ _2\"></span>le</span> <span class=\"lse2 wsfa\">and repurchase<span class=\"_ _2\"></span> agreements and l<span class=\"_ _2\"></span>ending / borrowing<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1e6 h4f ybf5 ffbb fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">securities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf6 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies subjec<span class=\"_ _0\"></span>t to a commit<span class=\"_ _2b\"></span>ment to repurchas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>em (\u2018repo\u2019<span class=\"_ _0\"></span>) are not</div>\n<div class=\"t m0 x1a h4f ybf7 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised fr<span class=\"_ _0\"></span>om the state<span class=\"_ _0\"></span>ment of fina<span class=\"_ _2b\"></span>ncial position as su<span class=\"_ _2b\"></span>bstantially all</div>\n<div class=\"t m0 x1a h4f ybf8 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the risk and r<span class=\"_ _0\"></span>ewards of ow<span class=\"_ _2b\"></span>nership remain w<span class=\"_ _0\"></span>ithin Age<span class=\"_ _0\"></span>as. The pr<span class=\"_ _0\"></span>oceeds</div>\n<div class=\"t m0 x1a h4f ybf9 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">received f<span class=\"_ _2\"></span>rom such sales are <span class=\"_ _2\"></span>neutralised by re<span class=\"_ _2\"></span>cognising a</div>\n<div class=\"t m0 x1a h4f ybfa ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">corresponding<span class=\"_ _2\"></span> financial liability, cla<span class=\"_ _2\"></span>ssified under \u2018Bo<span class=\"wsf1\">rrowings\u2019<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ybfb ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfc ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies purch<span class=\"_ _0\"></span>ased unde<span class=\"_ _0\"></span>r agreem<span class=\"_ _0\"></span>ents to rese<span class=\"_ _2b\"></span>ll (\u2018reverse repos<span class=\"_ _2b\"></span>\u2019) are</div>\n<div class=\"t m0 x1a h4f ybfd ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d on the st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> of finan<span class=\"_ _2b\"></span>cial position.<span class=\"_ _0\"></span> The ri<span class=\"_ _0\"></span>ght to</div>\n<div class=\"t m0 x1a h4f ybfe ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">receive cash from<span class=\"_ _2\"></span> a counterparty is recorded<span class=\"_ _2\"></span> under \u2018Loans\u2019. The</div>\n<div class=\"t m0 x1a h4f ybff ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">difference bet<span class=\"_ _2\"></span>ween the sale and repurchase pri<span class=\"_ _2\"></span>ce is tr<span class=\"lse0 wsf0\">eated as i<span class=\"_ _2b\"></span>nterest </span></div>\n<div class=\"t m0 x1a h4f yc00 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and accru<span class=\"_ _2b\"></span>ed over the life of the ag<span class=\"_ _0\"></span>reements us<span class=\"_ _2b\"></span>ing the effectiv<span class=\"_ _0\"></span>e interest<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc01 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">method. <span class=\"ls0 ws0\"> </span></div>\n</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 349px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yc02 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc03 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies lent t<span class=\"_ _2b\"></span>o counterpart<span class=\"_ _0\"></span>ies rem<span class=\"_ _0\"></span>ain on t<span class=\"_ _0\"></span>he state<span class=\"_ _2b\"></span>ment of financi<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x1a h4f yc04 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">position. Si<span class=\"_ _2\"></span>milarly, securities <span class=\"_ _2\"></span>borrowed are no<span class=\"_ _2\"></span>t recognised on <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f yc05 ffbb fs3a fc14 sc0 lsf4 ws114\" style=\"z-index: 15;\">statement of fina<span class=\"lse2 ws103\">ncial po<span class=\"_ _2\"></span>sition. If borrowed securities are sold to third </span></div>\n<div class=\"t m0 x1a h4f yc06 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">parties, the proceeds from the sale and a liability for the obligation to</div>\n<div class=\"t m0 x1a h4f yc07 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">return the collateral are recorded. The obligation to return the collateral<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc08 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is measured at fair value through profit or loss. Cash advanced or<span class=\"ls0 ws0\"><span class=\"lse2 wsfa\"><span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc09 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">received related to securities borrowing or lending transactions is</div>\n<div class=\"t m0 x1a h4f yc0a ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recorded under \u2018Loans\u2019 or under \u2018Borrowings\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 356px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 356px; width: 349px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h4f yb5b ffbb fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.4<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsf0\">Cash and cash equiv<span class=\"_ _2b\"></span>alents <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb5c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Cash and ca<span class=\"_ _0\"></span>sh equiva<span class=\"_ _2b\"></span>lents comprise<span class=\"_ _0\"></span> cash on hand, f<span class=\"_ _0\"></span>reely ava<span class=\"_ _0\"></span>ilable</div>\n<div class=\"t m0 x1a h4f yc38 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">balances with<span class=\"_ _2\"></span> (central) b<span class=\"lse0 wsfa\">anks a<span class=\"_ _0\"></span>nd other f<span class=\"_ _2b\"></span>inancial instr<span class=\"_ _2b\"></span>uments with l<span class=\"_ _0\"></span>ess </span></div>\n<div class=\"t m0 x1a h4f yc39 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">than thre<span class=\"_ _0\"></span>e months mat<span class=\"_ _2b\"></span>urity from the date<span class=\"_ _0\"></span> of acquisit<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 284px; height: 57px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 251px; height: 855px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 251px; height: 855px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 251px; height: 855px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 251px; height: 855px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 251px; height: 855px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ffc2 fs3a fc1f sc0 ls104 ws136\" style=\"z-index: 15;\">Cash flow <span class=\"lse0 wsef\">st<span class=\"_ _0\"></span>atement<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rep<span class=\"_ _0\"></span>orts cash fl<span class=\"_ _0\"></span>ows from op<span class=\"_ _0\"></span>erating ac<span class=\"_ _0\"></span>tiviti<span class=\"_ _2b\"></span>es using the indirec<span class=\"_ _0\"></span>t</div>\n<div class=\"t m0 x7 h4f y804 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">method,<span class=\"_ _0\"></span> whereby t<span class=\"_ _0\"></span>he net resu<span class=\"wsfa\">l<span class=\"_ _0\"></span>t is adj<span class=\"_ _2b\"></span>usted for the eff<span class=\"_ _2b\"></span>ects of transac<span class=\"_ _0\"></span>tions </span></div>\n<div class=\"t m0 x7 h4f y805 ffc0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of a non<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span>cash nature, an<span class=\"_ _2\"></span>y deferrals or ac<span class=\"_ _2\"></span>cruals of past or <span class=\"_ _2\"></span>future</div>\n<div class=\"t m0 x7 h4f y806 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ng cash rec<span class=\"_ _0\"></span>eipts or pay<span class=\"_ _0\"></span>ments,<span class=\"_ _0\"></span> and items of in<span class=\"_ _2b\"></span>come or expense</div>\n<div class=\"t m0 x7 h4f y807 ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">associat<span class=\"_ _2b\"></span>ed with invest<span class=\"_ _2b\"></span>ing or financi<span class=\"_ _0\"></span>ng cash fl<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y808 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>erest rec<span class=\"_ _2b\"></span>eived and int<span class=\"_ _0\"></span>erest pai<span class=\"_ _2b\"></span>d are presente<span class=\"_ _0\"></span>d as cash f<span class=\"_ _2b\"></span>lows from</div>\n<div class=\"t m0 x7 h4f y80a ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ng activ<span class=\"_ _2b\"></span>ities in the cas<span class=\"_ _2b\"></span>h flow statem<span class=\"_ _0\"></span>ent. Dividends received are</div>\n<div class=\"t m0 x7 h4f y80b ffc0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">classified as cash flows from operating activities. Dividends paid are</div>\n<div class=\"t m0 x7 h4f y80c ffc0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">classified as cash flows from financing activities.<span class=\"ls0 ws0\"> </span></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h4f yc3c ffc0 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.5<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lsfb wsfa\">In<span class=\"_ _2\"></span>ve<span class=\"lse0 wsf0\">stment pr<span class=\"_ _0\"></span>operty<span class=\"_ _0\"></span> and <span class=\"lse2 wsf1\">property<span class=\"ls0 ws0\"> </span></span>held for own use<span class=\"ls0 ws0\"> </span></span></span></span></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 yc3d ffc2 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">property<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">held for own us<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc3e ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y classif<span class=\"_ _0\"></span>ied as held fo<span class=\"_ _0\"></span>r own use main<span class=\"_ _2b\"></span>ly includes:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc3f ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Office buildin<span class=\"_ _0\"></span>gs that Ageas oc<span class=\"_ _2b\"></span>cupies<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc40 ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 ws103\">C<span class=\"_ _2\"></span>ommercial buildings tha<span class=\"_ _2\"></span>t are used to operate a bus<span class=\"lsfb wsfa\">ine<span class=\"_ _2\"></span>ss.</span></span><span class=\"ffc0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc41 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc42 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All real est<span class=\"_ _0\"></span>ate held f<span class=\"_ _0\"></span>or own use and fi<span class=\"_ _0\"></span>xed asset<span class=\"_ _0\"></span>s are meas<span class=\"_ _0\"></span>ured at cost</div>\n<div class=\"t m0 x1a h4f yc43 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">less accum<span class=\"_ _2b\"></span>ulated depreci<span class=\"_ _0\"></span>ation (ex<span class=\"_ _0\"></span>cept for la<span class=\"_ _0\"></span>nd that is not<span class=\"_ _0\"></span> depreci<span class=\"_ _0\"></span>ated)</div>\n<div class=\"t m0 x1a h4f yc44 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and any acc<span class=\"_ _0\"></span>umulated i<span class=\"_ _2b\"></span>mpairment loss<span class=\"_ _0\"></span>es. Cost is th<span class=\"_ _0\"></span>e amount of cas<span class=\"_ _2b\"></span>h or</div>\n<div class=\"t m0 x1a h4f yc45 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash equi<span class=\"_ _0\"></span>valents<span class=\"_ _0\"></span> paid or the fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>va<span class=\"wsfa\">l<span class=\"_ _0\"></span>ue of the <span class=\"_ _2b\"></span>other consider<span class=\"_ _0\"></span>ation gi<span class=\"_ _2b\"></span>ven </span></div>\n<div class=\"t m0 x1a h4f yc46 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to acquir<span class=\"_ _0\"></span>e an asset<span class=\"_ _0\"></span> at the time of its a<span class=\"_ _0\"></span>cquisit<span class=\"_ _2b\"></span>ion or constructio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc47 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc48 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The depre<span class=\"_ _0\"></span>ciatio<span class=\"_ _0\"></span>n of buildi<span class=\"_ _0\"></span>ngs is calc<span class=\"_ _0\"></span>ulated usin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e straight<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">line metho<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x1a h4f yc49 ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to write <span class=\"_ _0\"></span>down the <span class=\"_ _2b\"></span>cost of such a<span class=\"_ _0\"></span>ssets t<span class=\"_ _0\"></span>o thei<span class=\"lse2\">r residual values <span class=\"_ _2\"></span>over their </span></div>\n<div class=\"t m0 x1a h4f yc4a ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed useful lives. Th<span class=\"_ _0\"></span>e useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>IT, of<span class=\"_ _0\"></span>fice an<span class=\"_ _0\"></span>d equipment<span class=\"_ _0\"></span> is</div>\n<div class=\"t m0 x1a h4f yc4b ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned individuall<span class=\"_ _0\"></span>y for each ass<span class=\"_ _2b\"></span>et. The useful life of<span class=\"_ _0\"></span> the buildi<span class=\"_ _0\"></span>ngs is</div>\n<div class=\"t m0 x1a h4f yc4c ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned for each sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt part s<span class=\"_ _0\"></span>eparate<span class=\"_ _0\"></span>ly (com<span class=\"_ _0\"></span>ponent a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h)</div>\n<div class=\"t m0 x1a h4f yc4d ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and is revi<span class=\"_ _0\"></span>ewed at each y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">end. T<span class=\"_ _2b\"></span>he real estate i<span class=\"_ _2b\"></span>s therefore s<span class=\"_ _0\"></span>plit int<span class=\"_ _0\"></span>o </span></div>\n<div class=\"t m0 x1a h4f ya2f ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the foll<span class=\"_ _0\"></span>owing c<span class=\"_ _2b\"></span>omponents: st<span class=\"_ _0\"></span>ructure,<span class=\"_ _0\"></span> closi<span class=\"_ _2b\"></span>ng, techniques<span class=\"_ _0\"></span> and equ<span class=\"_ _0\"></span>ipment,<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc4e ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">heavy fi<span class=\"_ _0\"></span>nishing <span class=\"_ _0\"></span>and li<span class=\"_ _0\"></span>ght finis<span class=\"_ _0\"></span>hing.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 293px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 298px; width: 353px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 335px; width: 353px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yc4f ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc50 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f yc51 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The maxim<span class=\"_ _0\"></span>um useful lif<span class=\"_ _2b\"></span>e of components is as f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc52 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 yc53 ffc0 fs3c fc14 sc0 lsed ws12d\" style=\"z-index: 15;\">Structure<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc54 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">50 years for <span class=\"wsf3\">offices and retail<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 yc56 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 682px; z-index: 15;\">70 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc57 ffc0 fs3c fc14 sc0 ls109 ws12c\" style=\"z-index: 15;\">Closing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc58 ffc0 fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">30 years for offices an<span class=\"_ _0\"></span>d retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc74 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 641px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc5b ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Techniques and equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5c ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">15 years for car parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5d ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">20 years for offices<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5e ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">25 years for retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc60 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 568px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc61 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Heavy finishing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc62 ffc0 fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">15 years <span class=\"lsec\">for car<span class=\"_ _2\"></span> parks<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1df h52 yc63 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">20 years for offices<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc64 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">25 years for retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc66 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 495px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc68 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 470px; z-index: 15;\">Light finishing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc68 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 470px; z-index: 15;\">10 years for offices, retail and residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc69 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc6a ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc6b ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Land has an unlimi<span class=\"_ _0\"></span>ted useful<span class=\"_ _0\"></span> life and is ther<span class=\"_ _2b\"></span>efore not depreci<span class=\"_ _2b\"></span>ated<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f yc6c ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 wsfa\">A<span class=\"_ _2\"></span>s a general rul<span class=\"_ _2\"></span>e, residual value<span class=\"_ _2\"></span>s are <span class=\"lse0 wsf0\">consid<span class=\"_ _2b\"></span>ered to be zero<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yc6d ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Repairs and maint<span class=\"_ _2b\"></span>enance expenses<span class=\"_ _0\"></span> are charg<span class=\"_ _0\"></span>ed to the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _2b\"></span>ent when the expend<span class=\"_ _0\"></span>iture is inc<span class=\"_ _0\"></span>urred. Ex<span class=\"_ _2b\"></span>penditures that e<span class=\"_ _2b\"></span>nha<span class=\"lse2 ws103\">nce or ext<span class=\"_ _2\"></span>end the </span></span></span></div>\n<div class=\"t m0 x43 h4f yc6e ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s of real <span class=\"_ _2b\"></span>estate or fixe<span class=\"_ _0\"></span>d assets <span class=\"_ _0\"></span>beyond t<span class=\"_ _2b\"></span>heir original <span class=\"_ _0\"></span>use are c<span class=\"_ _2b\"></span>apitalised an<span class=\"_ _0\"></span>d subs<span class=\"lse2\">equently depreciated<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f yc6f ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 ws103\">Bo<span class=\"_ _2\"></span>rrowing costs to finance<span class=\"_ _2\"></span> the construction of proper<span class=\"_ _2\"></span>ty, plant and equipment are trea<span class=\"_ _2\"></span>ted in the same way as borrowing c<span class=\"_ _2\"></span>osts o<span class=\"lse0 wsf0\">n inve<span class=\"_ _0\"></span>stment pro<span class=\"_ _2b\"></span>perty<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 344px; height: 400px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 344px; height: 400px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 344px; height: 400px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 344px; height: 762px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 344px; height: 762px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 344px; height: 762px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffc7 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"lse2 wsfa\">investment<span class=\"_ _2\"></span> property<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment prop<span class=\"_ _0\"></span>erties ar<span class=\"_ _0\"></span>e those prop<span class=\"_ _0\"></span>erties that<span class=\"_ _0\"></span> Ageas h<span class=\"_ _0\"></span>olds to ear<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y804 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rental inc<span class=\"_ _2b\"></span>ome or for capital app<span class=\"_ _0\"></span>reciat<span class=\"_ _0\"></span>ion. Age<span class=\"_ _0\"></span>as may also use c<span class=\"_ _0\"></span>ertain</div>\n<div class=\"t m0 x7 h4f y805 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent properties for o<span class=\"_ _0\"></span>wn use. If the o<span class=\"_ _0\"></span>wn use porti<span class=\"_ _2b\"></span>ons can be sold</div>\n<div class=\"t m0 x7 h4f y806 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separately or lea<span class=\"_ _2\"></span>sed out separately under a f<span class=\"_ _2\"></span>inance lease, these</div>\n<div class=\"t m0 x7 h4f y807 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">portions are a<span class=\"_ _2\"></span>ccounted for as property, plan<span class=\"_ _2\"></span>t and equipment. If the own</div>\n<div class=\"t m0 x7 h4f y808 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">use portions cann<span class=\"_ _2\"></span>ot be sold separately, the<span class=\"_ _2\"></span> property is treated as</div>\n<div class=\"t m0 x7 h4f y809 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent property only if<span class=\"_ _0\"></span> Ageas hol<span class=\"_ _0\"></span>ds an insignif<span class=\"_ _2b\"></span>icant portion f<span class=\"_ _0\"></span>or own</div>\n<div class=\"t m0 x7 h4f y80a ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">use. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For reasons<span class=\"_ _2\"></span> of comparability,<span class=\"_ _2\"></span> Ageas applies the<span class=\"_ _2\"></span> cost model for bo<span class=\"_ _2\"></span>th</div>\n<div class=\"t m0 x7 h4f y80d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent property and fo<span class=\"_ _0\"></span>r property he<span class=\"_ _2b\"></span>ld for own use. After i<span class=\"_ _0\"></span>nitial</div>\n<div class=\"t m0 x7 h4f y80e ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, all property is m<span class=\"_ _0\"></span>easur<span class=\"_ _0\"></span>ed at its cost les<span class=\"_ _0\"></span>s any accum<span class=\"_ _0\"></span>ulated</div>\n<div class=\"t m0 x7 h4f y80f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">depreci<span class=\"_ _0\"></span>ation (u<span class=\"_ _0\"></span>sing a s<span class=\"_ _0\"></span>traight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">line met<span class=\"_ _2b\"></span>hod) and<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">any accumula<span class=\"_ _2\"></span>ted </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y810 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>ses. As <span class=\"_ _0\"></span>a result<span class=\"_ _0\"></span>, chang<span class=\"_ _2b\"></span>es in the fair v<span class=\"_ _0\"></span>alue of t<span class=\"_ _2b\"></span>he property</div>\n<div class=\"t m0 x7 h4f y90a ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are neit<span class=\"_ _0\"></span>her rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt (exce<span class=\"_ _0\"></span>pt for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y90b ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">losses) nor in<span class=\"_ _2\"></span> other comprehensive income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90c ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90d ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The resi<span class=\"_ _2b\"></span>dual value and t<span class=\"_ _2b\"></span>he useful lif<span class=\"_ _0\"></span>e of <span class=\"wsf0\">inves<span class=\"_ _0\"></span>tment p<span class=\"_ _0\"></span>roperty is </span></div>\n<div class=\"t m0 x7 h4f y90e ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned for each sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt part s<span class=\"_ _0\"></span>eparate<span class=\"_ _0\"></span>ly (com<span class=\"_ _0\"></span>ponent a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h)</div>\n<div class=\"t m0 x7 h4f y90f ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and is revi<span class=\"_ _0\"></span>ewed at each y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">end. For investment<span class=\"_ _2\"></span> property, the same </span></span></div>\n<div class=\"t m0 x7 h4f y910 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">maxima<span class=\"_ _0\"></span>l useful lif<span class=\"_ _0\"></span>e of compon<span class=\"_ _0\"></span>ents is app<span class=\"_ _0\"></span>lied as for p<span class=\"_ _0\"></span>roperty he<span class=\"_ _2b\"></span>ld for own</div>\n<div class=\"t m0 x7 h4f y911 ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">use.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y912 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas r<span class=\"_ _0\"></span>ents its<span class=\"_ _0\"></span> i<span class=\"lse2 ws103\">nvestment proper<span class=\"_ _2\"></span>ty under various non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">canc<span class=\"_ _2\"></span>ellable rental </span></span></div>\n<div class=\"t m0 x7 h4f y913 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contracts. <span class=\"_ _2\"></span>Certain contracts co<span class=\"_ _2\"></span>ntain renewal optio<span class=\"_ _2\"></span>ns for various p<span class=\"_ _2\"></span>eriods</div>\n<div class=\"t m0 x7 h4f y914 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of time.<span class=\"_ _0\"></span> The re<span class=\"_ _0\"></span>ntal inco<span class=\"_ _2b\"></span>me associated<span class=\"_ _0\"></span> with the<span class=\"_ _0\"></span>se cont<span class=\"_ _0\"></span>racts is <span class=\"_ _2b\"></span>recognised</div>\n<div class=\"t m0 x7 h4f y915 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">over time as in<span class=\"_ _2b\"></span>vestment inco<span class=\"_ _0\"></span>me, on a strai<span class=\"_ _0\"></span>ght<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">line bas</span></span>is over the rental</div>\n<div class=\"t m0 x7 h4f y916 ffc5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">term.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y917 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y918 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Transfers to,<span class=\"_ _2\"></span> or from, investment proper<span class=\"_ _2\"></span>ty are only made when there is a</div>\n<div class=\"t m0 x7 h4f y919 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">change in us<span class=\"_ _2b\"></span>e:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y91a ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsf0\">Into investment<span class=\"_ _0\"></span> property at<span class=\"_ _0\"></span> the end of ow<span class=\"_ _0\"></span>ner<span class=\"ls0 ws0\">-</span>occupat<span class=\"_ _2b\"></span>ion, at the start </span></span></div>\n<div class=\"t m0 x43 h4f y91b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of an operat<span class=\"_ _0\"></span>ing leas<span class=\"_ _0\"></span>e to <span class=\"lse2 wsf1\">another<span class=\"ls0 ws0\"> </span></span>party, or at the end of<span class=\"_ _0\"></span> construct<span class=\"_ _2b\"></span>ion</div>\n<div class=\"t m0 x43 h4f y91c ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or<span class=\"ls0 ws0\"> </span>developm<span class=\"_ _2b\"></span>ent<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">an<span class=\"_ _2\"></span>d</span> </span></div>\n<div class=\"t m0 x7 h4f y91d ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">Out of investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>perty at t<span class=\"_ _2b\"></span>he commencem<span class=\"_ _2b\"></span>ent of owner<span class=\"ls0 ws0\">-</span></span></span></div>\n<div class=\"t m0 x43 h4f y91e ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">occupat<span class=\"_ _0\"></span>ion or at<span class=\"_ _0\"></span> the start<span class=\"_ _0\"></span> of dev<span class=\"_ _2b\"></span>elopment with a v<span class=\"_ _2b\"></span>iew to sale.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y91f ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y920 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>outcom<span class=\"_ _0\"></span>e of a cons<span class=\"_ _2b\"></span>truction cont<span class=\"_ _0\"></span>ract ca<span class=\"_ _0\"></span>n be esti<span class=\"_ _2b\"></span>mated reliably,<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y921 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> revenu<span class=\"_ _0\"></span>e and contr<span class=\"_ _0\"></span>act costs a<span class=\"_ _0\"></span>ssociate<span class=\"_ _2b\"></span>d with the constru<span class=\"_ _0\"></span>ction</div>\n<div class=\"t m0 x7 h4f y922 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contract are<span class=\"_ _2\"></span> recognised as rev<span class=\"_ _2\"></span>enue and expense<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"wsf1\">respectively<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>by </span></div>\n<div class=\"t m0 x7 h4f y923 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">referenc<span class=\"_ _2b\"></span>e to the stage <span class=\"_ _0\"></span>of comp<span class=\"_ _0\"></span>letion <span class=\"_ _0\"></span>of the co<span class=\"_ _0\"></span>ntract a<span class=\"_ _2b\"></span>ctivity at the d<span class=\"_ _2b\"></span>ate of</div>\n<div class=\"t m0 x7 h4f y924 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the state<span class=\"_ _0\"></span>ment of finan<span class=\"_ _2b\"></span>cial position. Wh<span class=\"_ _2b\"></span>en it is probable that <span class=\"wsef\">t<span class=\"_ _0\"></span>he <span class=\"lsfc ws115\">tota<span class=\"_ _2\"></span>l </span></span></div>\n<div class=\"t m0 x7 h4f y925 ffc5 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">contract costs will <span class=\"lse0 wsef\">exceed <span class=\"lsfc ws115\">the <span class=\"lse2 ws103\">total<span class=\"_ _2\"></span> contract revenue, the expected<span class=\"_ _2\"></span> loss </span></span></span></div>\n<div class=\"t m0 x7 h4f y926 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is recogni<span class=\"_ _2\"></span>sed immediately in<span class=\"_ _2\"></span> the income sta<span class=\"_ _2\"></span>tement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 410px; height: 687px; width: 354px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y973 ffc7 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f property held<span class=\"_ _2\"></span> for own use and i<span class=\"_ _2\"></span>nvestment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y974 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As for other non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">finan<span class=\"_ _2b\"></span>cial assets, pro<span class=\"_ _0\"></span>perty he<span class=\"_ _0\"></span>ld for own use an<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x7 h4f y975 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment proper<span class=\"_ _2\"></span>ty<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">is </span></span>impaired<span class=\"_ _2\"></span> when its carrying amount exceeds<span class=\"_ _2\"></span> the</div>\n<div class=\"t m0 x7 h4f y976 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9db ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The recoverable<span class=\"_ _2\"></span> amount is measured as the higher<span class=\"_ _2\"></span> of either \u2018fair value</div>\n<div class=\"t m0 x7 h4f y9dc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">less cost<span class=\"_ _0\"></span>s to sel<span class=\"_ _0\"></span>l\u2019 or \u2018va<span class=\"_ _2b\"></span>lue in use\u2019<span class=\"ls0 ws0\">:  </span></div>\n<div class=\"t m0 x7 h4f y9dd ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">The \u2018fair val<span class=\"_ _0\"></span>ue less cos<span class=\"_ _0\"></span>ts to se<span class=\"_ _2b\"></span>ll\u2019 is the pric<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>ould be rec<span class=\"_ _2b\"></span>eived </span></span></div>\n<div class=\"t m0 x43 h4f y9de ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to sell an ass<span class=\"_ _0\"></span>et in an orde<span class=\"_ _0\"></span>rly trans<span class=\"_ _0\"></span>action b<span class=\"_ _0\"></span>etween ma<span class=\"_ _2b\"></span>rket</div>\n<div class=\"t m0 x6c h4f yc13 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participants<span class=\"_ _2\"></span> (based on observable and non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">observable mar<span class=\"_ _0\"></span>ket </span></span></div>\n<div class=\"t m0 x6c h4f yc14 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">data), aft<span class=\"_ _0\"></span>er deduct<span class=\"_ _2b\"></span>ing any direct incr<span class=\"_ _0\"></span>emental d<span class=\"_ _2b\"></span>isposal costs<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc15 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsfa\">\u2018value <span class=\"_ _0\"></span>in use\u2019 i<span class=\"_ _0\"></span>s the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of <span class=\"_ _0\"></span>estimate<span class=\"_ _2b\"></span>d future cash </span></span></span></div>\n<div class=\"t m0 x6c h4f yc16 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">flows ex<span class=\"_ _2b\"></span>pected to aris<span class=\"_ _0\"></span>e from c<span class=\"_ _0\"></span>ontinui<span class=\"_ _0\"></span>ng use of t<span class=\"_ _2b\"></span>he asset and fr<span class=\"_ _0\"></span>om</div>\n<div class=\"t m0 x6c h4f yc17 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">its dispos<span class=\"_ _2b\"></span>al at the end of its usefu<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>lif<span class=\"_ _0\"></span>e, without<span class=\"_ _0\"></span> deducti<span class=\"_ _2b\"></span>on <span class=\"_ _2\"></span>of<span class=\"_ _0\"></span> transfer</div>\n<div class=\"t m0 x6c h4f yc18 ffc5 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">tax.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At the end of eac<span class=\"_ _2b\"></span>h reporting peri<span class=\"_ _0\"></span>od, Ageas as<span class=\"_ _2b\"></span>sess<span class=\"lse2 ws103\">es whether there<span class=\"_ _2\"></span> is </span></div>\n<div class=\"t m0 x1a h4f yc1b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any object<span class=\"_ _0\"></span>ive indic<span class=\"_ _2b\"></span>ation that an asset<span class=\"_ _0\"></span> may be impai<span class=\"_ _0\"></span>red, con<span class=\"_ _0\"></span>sideri<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f yc1c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">various externa<span class=\"_ _2\"></span>l (e.g. significant chang<span class=\"_ _2\"></span>es in the economic environment)<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and inter<span class=\"_ _0\"></span>nal (e.g. p<span class=\"_ _0\"></span>lan to disp<span class=\"_ _0\"></span>ose) sourc<span class=\"_ _2b\"></span>es of information.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>If any<span class=\"_ _0\"></span> such</div>\n<div class=\"t m0 x1a h4f yc1e ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">indication e<span class=\"_ _2\"></span>xists (and o<span class=\"lse0 wsf0\">nly then<span class=\"_ _0\"></span>), Ageas wi<span class=\"_ _0\"></span>ll reduce t<span class=\"_ _0\"></span>he carryi<span class=\"_ _2b\"></span>ng amount </span></div>\n<div class=\"t m0 x1a h4f yc1f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the im<span class=\"_ _0\"></span>paired as<span class=\"_ _2b\"></span>set to its est<span class=\"_ _0\"></span>imated r<span class=\"_ _2b\"></span>ecoverable am<span class=\"_ _0\"></span>ount,<span class=\"_ _0\"></span> and the</div>\n<div class=\"t m0 x1a h4f yc20 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ch<span class=\"_ _0\"></span>ange in the cu<span class=\"_ _2b\"></span>rrent year is recog<span class=\"_ _0\"></span>nised in the inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x1a h4f yc21 ffc5 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc23 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">After th<span class=\"_ _2b\"></span>e recognition o<span class=\"_ _0\"></span>f an imp<span class=\"_ _0\"></span>airment<span class=\"_ _2b\"></span>, the depreciat<span class=\"_ _0\"></span>ion for f<span class=\"_ _2b\"></span>uture</div>\n<div class=\"t m0 x1a h4f yc24 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">periods i<span class=\"_ _2\"></span>s adjusted based on <span class=\"_ _2\"></span>the revised carryi<span class=\"_ _2\"></span>ng amount less <span class=\"_ _2\"></span>its</div>\n<div class=\"t m0 x1a h4f yc25 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value ov<span class=\"_ _0\"></span>er the assets<span class=\"_ _0\"></span> remaini<span class=\"_ _0\"></span>ng useful lif<span class=\"_ _0\"></span>e. For pro<span class=\"_ _0\"></span>perty, the</div>\n<div class=\"t m0 x1a h4f yc34 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>eac<span class=\"_ _2b\"></span>h significant part<span class=\"_ _0\"></span> is determ<span class=\"_ _0\"></span>ined sep<span class=\"_ _0\"></span>arately an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>revi<span class=\"_ _2b\"></span>ewed</div>\n<div class=\"t m0 x1a h4f yc35 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at year<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">end.</span> </span></div>\n<div class=\"t m0 x1a h4f yc36 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc37 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If in a subseq<span class=\"_ _0\"></span>uent p<span class=\"lse2 ws103\">eriod, the amount of the impa<span class=\"_ _2\"></span>irment on non<span class=\"ls0 ws0\">-</span></span><span class=\"wsef\">financial </span></div>\n<div class=\"t m0 x1a h4f yc75 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets ot<span class=\"_ _0\"></span>her than goo<span class=\"_ _0\"></span>dwill dec<span class=\"_ _2b\"></span>reases, due to an eve<span class=\"_ _0\"></span>nt occurr<span class=\"_ _0\"></span>ing after</div>\n<div class=\"t m0 x1a h4f yc76 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the writ<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">down, the pre<span class=\"_ _2\"></span>viously recorded impairment lo<span class=\"_ _2\"></span>ss is reversed in </span></span></div>\n<div class=\"t m0 x1a h4f yc77 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">That i<span class=\"_ _2b\"></span>ncreased amount<span class=\"_ _0\"></span> cannot ex<span class=\"_ _0\"></span>ceed the </span></div>\n<div class=\"t m0 x1a h4f yc78 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>at <span class=\"_ _2\"></span>wo<span class=\"_ _0\"></span>uld have be<span class=\"_ _0\"></span>en determ<span class=\"_ _2b\"></span>ined, net of depreci<span class=\"_ _0\"></span>ation,</div>\n<div class=\"t m0 x1a h4f yc79 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">had no impairmen<span class=\"_ _2\"></span>t loss been recognised for<span class=\"_ _2\"></span> the asset in prior years.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 425px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 126px; width: 348px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 430px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 131px; width: 348px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 435px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 136px; width: 348px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 424px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 850px; width: 354px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 ybf9 ffc7 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Borrowing cos<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfa ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Borrowing <span class=\"_ _2\"></span>costs are generall<span class=\"_ _2\"></span>y expensed as incurre<span class=\"_ _2\"></span>d. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfb ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Borrow<span class=\"_ _0\"></span>ing cost<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e direct<span class=\"_ _0\"></span>ly attr<span class=\"_ _0\"></span>ibutabl<span class=\"_ _0\"></span>e to the<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f ybfd ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ction of an as<span class=\"_ _0\"></span>set are ca<span class=\"_ _0\"></span>pitalis<span class=\"_ _0\"></span>ed while the as<span class=\"_ _0\"></span>set is bei<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f ybfe ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>cted, as p<span class=\"_ _0\"></span>art of the cost<span class=\"_ _0\"></span> of that asset.<span class=\"_ _0\"></span> Capita<span class=\"_ _0\"></span>lisation of<span class=\"_ _0\"></span> borrow<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f ybff ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">costs sho<span class=\"_ _0\"></span>uld commen<span class=\"_ _2b\"></span>ce when: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc00 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 ws103\">E<span class=\"_ _2\"></span>xpenditures for the asset and<span class=\"_ _2\"></span> borrowing costs are being <span class=\"wsf1\">i<span class=\"_ _2\"></span>ncurred</span></span><span class=\"ffc5\">; </span></span></div>\n<div class=\"t m0 x6c h4f yc01 ffc5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc02 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">Activities ne<span class=\"_ _0\"></span>cessar<span class=\"_ _0\"></span>y to prep<span class=\"_ _0\"></span>are the a<span class=\"_ _2b\"></span>sset for its i<span class=\"_ _0\"></span>ntended <span class=\"_ _0\"></span>use or sa<span class=\"_ _0\"></span>le </span></span></div>\n<div class=\"t m0 x6c h4f yc03 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are in pro<span class=\"_ _2\"></span>gress. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc04 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc05 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Capital<span class=\"_ _0\"></span>isation <span class=\"_ _2b\"></span>of borrowing c<span class=\"_ _2b\"></span>osts ceases wh<span class=\"_ _2b\"></span>en the asset is s<span class=\"_ _2b\"></span>ubstantially</div>\n<div class=\"t m0 x1a h4f yc06 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ready f<span class=\"_ _0\"></span>or its int<span class=\"_ _0\"></span>ended us<span class=\"_ _2b\"></span>e or sale. If a<span class=\"_ _0\"></span>ctive dev<span class=\"_ _2b\"></span>elopment is i<span class=\"_ _0\"></span>nterru<span class=\"_ _0\"></span>pted for</div>\n<div class=\"t m0 x1a h4f yc07 ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">an<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">extended period<span class=\"_ _2\"></span>, capitalisation is suspended<span class=\"_ _2\"></span>. Where construction </span></span></div>\n<div class=\"t m0 x1a h4f yc08 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occurs pi<span class=\"_ _0\"></span>ecemeal,<span class=\"_ _0\"></span> and use of eac<span class=\"_ _0\"></span>h part is poss<span class=\"_ _2b\"></span>ible as construct<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f yc09 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ues, cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ation for <span class=\"_ _2b\"></span>each part ceas<span class=\"_ _2b\"></span>es upon substant<span class=\"_ _2b\"></span>ial</div>\n<div class=\"t m0 x1a h4f yc0a ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complet<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>hat part.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc0b ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc0c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For a borrowing asso<span class=\"_ _2\"></span>ciated with a specific ass<span class=\"_ _2\"></span>et, the actual rate on that<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc0d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ing is appli<span class=\"_ _0\"></span>ed. Othe<span class=\"_ _0\"></span>rwise, a wei<span class=\"_ _0\"></span>ghted av<span class=\"_ _0\"></span>erage cost<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of bor<span class=\"_ _0\"></span>rowings</div>\n<div class=\"t m0 x1a h4f yc0e ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is applied<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 340px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 345px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 251px; height: 855px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 251px; height: 855px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 251px; height: 855px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 251px; height: 855px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For qualif<span class=\"_ _0\"></span>ying ass<span class=\"_ _0\"></span>ets comme<span class=\"_ _0\"></span>ncing on or b<span class=\"_ _0\"></span>efore 1 Jan<span class=\"_ _0\"></span>uary 200<span class=\"_ _0\"></span>8,</div>\n<div class=\"t m0 x7 h4f y803 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowing <span class=\"_ _2\"></span>costs that were di<span class=\"_ _2\"></span>rectly<span class=\"ls0 ws0\"> </span><span class=\"lse0\">attribut<span class=\"_ _2b\"></span>able to the ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on, </span></div>\n<div class=\"t m0 x7 h4f y804 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ction or pr<span class=\"_ _0\"></span>oductio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>of a qua<span class=\"_ _0\"></span>lifyin<span class=\"_ _0\"></span>g asset (i.e.<span class=\"_ _0\"></span> an asset th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y805 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">necess<span class=\"_ _0\"></span>arily took a s<span class=\"_ _0\"></span>ubstant<span class=\"_ _0\"></span>ial peri<span class=\"_ _0\"></span>od of time to get re<span class=\"_ _0\"></span>ady for its<span class=\"_ _0\"></span> intended</div>\n<div class=\"t m0 x7 h4f y806 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">use or <span class=\"_ _2\"></span>sale) were expensed<span class=\"_ _2\"></span> as incurred.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 73px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 78px; width: 349px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yc7b ffca fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.6<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Goodw<span class=\"_ _2\"></span>ill and</span> <span class=\"lse0 wsf0\">other intangi<span class=\"_ _2b\"></span>ble a<span class=\"lsfb wsfa\">sse<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 x7 h55 yc7c ffcc fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7d ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>et is an ident<span class=\"_ _0\"></span>ifiable n<span class=\"_ _2b\"></span>on<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">mon<span class=\"_ _0\"></span>etary as<span class=\"_ _0\"></span>set and <span class=\"_ _0\"></span>is </span></div>\n<div class=\"t m0 x7 h4f yc7e ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span>f, and only if<span class=\"_ _2\"></span>, it will genera<span class=\"_ _2\"></span>te future economic <span class=\"_ _2\"></span>benefits and if</div>\n<div class=\"t m0 x7 h4f yc7f ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the cost of the<span class=\"_ _2\"></span> asset can be measured reliab<span class=\"_ _2\"></span>ly.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc80 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc81 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s are recorde<span class=\"_ _0\"></span>d on the <span class=\"_ _0\"></span>sta<span class=\"wsf0\">teme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition at </span></div>\n<div class=\"t m0 x7 h4f yc82 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cost less an<span class=\"_ _0\"></span>y accumu<span class=\"_ _2b\"></span>lated amortisat<span class=\"_ _0\"></span>ion and any ac<span class=\"_ _2b\"></span>cumulated</div>\n<div class=\"t m0 x7 h4f yc83 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>ses. Th<span class=\"_ _0\"></span>e residu<span class=\"_ _0\"></span>al valu<span class=\"_ _2b\"></span>e and the usefu<span class=\"_ _0\"></span>l life of<span class=\"_ _0\"></span> intang<span class=\"_ _0\"></span>ible</div>\n<div class=\"t m0 x7 h4f yc84 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>re reviewed at e<span class=\"_ _0\"></span>ach year<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">end.</span> </span></div>\n<div class=\"t m0 x7 h4f yc85 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y887 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s with definit<span class=\"_ _0\"></span>e lives<span class=\"_ _0\"></span> are <span class=\"lse2 ws103\">amortised over their estim<span class=\"_ _2\"></span>ated </span></div>\n<div class=\"t m0 x7 h4f y888 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e using the straight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">line m<span class=\"_ _2b\"></span>ethod. Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _2b\"></span>ets with indef<span class=\"_ _0\"></span>inite </span></span></div>\n<div class=\"t m0 x7 h4f y889 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lives, suc<span class=\"_ _0\"></span>h as goodwi<span class=\"_ _2b\"></span>ll, are not amortis<span class=\"_ _0\"></span>ed, but are i<span class=\"_ _0\"></span>nstead test<span class=\"_ _0\"></span>ed for</div>\n<div class=\"t m0 x7 h4f y88a ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent at least<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ann<span class=\"_ _0\"></span>ually. Any<span class=\"_ _0\"></span> impairm<span class=\"_ _0\"></span>ent loss id<span class=\"_ _0\"></span>entifie<span class=\"_ _0\"></span>d is</div>\n<div class=\"t m0 x7 h4f y88b ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span><span class=\"lse0\">n th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h55 y9a5 ffcc fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Value of<span class=\"_ _2\"></span> business acquired (VO<span class=\"_ _2\"></span>BA)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9a6 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Value of <span class=\"_ _0\"></span>busines<span class=\"_ _2b\"></span>s acquired re<span class=\"_ _0\"></span>present<span class=\"_ _0\"></span>s the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _2b\"></span>n the fair</div>\n<div class=\"t m0 x7 h4f y9a7 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value at acq<span class=\"_ _0\"></span>uisiti<span class=\"_ _0\"></span>on date meas<span class=\"_ _0\"></span>ured usi<span class=\"_ _0\"></span>ng the <span class=\"lse2 wsf1\">Ageas's accoun<span class=\"_ _2\"></span>ting </span></div>\n<div class=\"t m0 x7 h4f y9a8 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span> and th<span class=\"_ _0\"></span>e subseq<span class=\"_ _0\"></span>uent c<span class=\"_ _0\"></span>arrying <span class=\"_ _0\"></span>value of a<span class=\"_ _0\"></span> portfo<span class=\"_ _0\"></span>lio of ins<span class=\"_ _2b\"></span><span class=\"wsef\">urance </span></div>\n<div class=\"t m0 x7 h4f y9a9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and inve<span class=\"_ _0\"></span>stment c<span class=\"_ _2b\"></span>ontracts acq<span class=\"_ _0\"></span>uired in <span class=\"_ _2b\"></span>a business or p<span class=\"_ _0\"></span>ortfol<span class=\"_ _0\"></span>io acqui<span class=\"_ _0\"></span>sition.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9aa ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9ab ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">VOBA is re<span class=\"_ _2\"></span>cognised as an i<span class=\"_ _2\"></span>ntangible asset and<span class=\"_ _2\"></span> is amortised ov<span class=\"_ _2\"></span>er the</div>\n<div class=\"t m0 x7 h4f y9ac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income rec<span class=\"_ _2b\"></span>ognition perio<span class=\"_ _0\"></span>d of the portf<span class=\"_ _2b\"></span>olio of contracts ac<span class=\"_ _2b\"></span>quired. Each</div>\n<div class=\"t m0 x7 h4f y9ad ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting date<span class=\"_ _2\"></span>, VOBA is part of the<span class=\"ls0 ws0\"> <span class=\"lse1 ws104\">liability adequacy test to assess </span></span></div>\n<div class=\"t m0 x7 h4f y9ae ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">whether t<span class=\"_ _0\"></span>he liabil<span class=\"_ _0\"></span>ities aris<span class=\"_ _0\"></span>ing from in<span class=\"_ _0\"></span>suranc<span class=\"_ _0\"></span>e and inves<span class=\"_ _0\"></span>tment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y9af ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are adequat<span class=\"_ _2\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yc86 ffcc fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Intern<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>ntangib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc87 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intern<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>ntangib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets are c<span class=\"_ _0\"></span>apitalis<span class=\"_ _2b\"></span>ed when Ageas c<span class=\"_ _2b\"></span>an</div>\n<div class=\"t m0 x7 h4f yc88 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rate all of<span class=\"_ _0\"></span> the fol<span class=\"ls102 ws11d\">lowing:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc89 ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">The technical f<span class=\"_ _2b\"></span>easibility of <span class=\"_ _2b\"></span>completing the<span class=\"_ _2b\"></span> intangible as<span class=\"_ _0\"></span>set so t<span class=\"_ _0\"></span>hat it </span></span></div>\n<div class=\"t m0 x43 h4f yc8a ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">will be availab<span class=\"_ _2\"></span>le for use or sale;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8b ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">Its intention t<span class=\"_ _2b\"></span>o complete the <span class=\"_ _0\"></span>intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span> and us<span class=\"_ _0\"></span>e or sel<span class=\"_ _0\"></span>l it;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yc8c ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsf0\">Its ability to use or sel<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e intangib<span class=\"_ _2b\"></span>le asset;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yc8d ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca ls104 ws136\">How the <span class=\"lse2 ws103\">intangible<span class=\"_ _2\"></span> asset will generate probable<span class=\"_ _2\"></span> future economic </span></span></span></div>\n<div class=\"t m0 x43 h4f yc8e ffca fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8f ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsf0\">The availabilit<span class=\"_ _0\"></span>y of adequat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>tec<span class=\"_ _2b\"></span>hnical, financ<span class=\"_ _2b\"></span>ial and other resour<span class=\"_ _0\"></span>ces </span></span></div>\n<div class=\"t m0 x43 h4f yc90 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to comp<span class=\"_ _0\"></span>lete th<span class=\"_ _0\"></span>e develo<span class=\"_ _0\"></span>pment an<span class=\"_ _0\"></span>d to use <span class=\"_ _2b\"></span>or sell the inta<span class=\"_ _2b\"></span>ngible asset<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x43 h4f yc91 ffca fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc92 ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse2 ws103\">It<span class=\"_ _2\"></span>s ability to measure relia<span class=\"_ _2\"></span>bly the expenditure</span><span class=\"ffca\"> <span class=\"lse0 wsfa\">attributable<span class=\"_ _0\"></span> to the </span></span></span></div>\n<div class=\"t m0 x43 h4f yc93 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset during its dev<span class=\"_ _2b\"></span>elopment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a4 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Only inta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>sets aris<span class=\"_ _2b\"></span>ing from develop<span class=\"_ _0\"></span>ment are ca<span class=\"_ _0\"></span>pitalis<span class=\"_ _0\"></span>ed. All</div>\n<div class=\"t m0 x1a h4f y8a5 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other internal<span class=\"_ _2\"></span>ly generated intangible ass<span class=\"_ _2\"></span>ets are not capitalised<span class=\"_ _2\"></span> and</div>\n<div class=\"t m0 x1a h4f y8a6 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expendit<span class=\"_ _2b\"></span>ure is reflec<span class=\"_ _0\"></span>ted in th<span class=\"_ _2b\"></span>e income statem<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he<span class=\"ls0 ws0\"> </span>year in w<span class=\"_ _2b\"></span>hich the</div>\n<div class=\"t m0 x1a h4f yc95 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">expenditure <span class=\"_ _2\"></span>is incurred.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y8a8 ffcc fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a9 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Software for compu<span class=\"_ _2\"></span>ter hardware that canno<span class=\"_ _2\"></span>t operate without that</div>\n<div class=\"t m0 x1a h4f y8aa ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">specific sof<span class=\"_ _2\"></span>tware, such as the operating s<span class=\"_ _2\"></span>ystem, is an integral part o<span class=\"_ _2\"></span>f the</div>\n<div class=\"t m0 x1a h4f y8ab ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related h<span class=\"_ _0\"></span>ardwar<span class=\"_ _0\"></span>e and is treate<span class=\"_ _2b\"></span>d as property, plant an<span class=\"_ _2b\"></span>d equipmen<span class=\"lsf4 ws0\">t. If the </span></div>\n<div class=\"t m0 x1a h4f y8ac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">softwa<span class=\"_ _0\"></span>re is not an inte<span class=\"_ _0\"></span>gral part of<span class=\"_ _0\"></span> the relat<span class=\"_ _0\"></span>ed hardwar<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>the c<span class=\"_ _0\"></span>osts</div>\n<div class=\"t m0 x1a h4f y8ad ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d during th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>deve<span class=\"_ _2b\"></span>lopment phase,<span class=\"_ _0\"></span> for which A<span class=\"_ _0\"></span>geas can</div>\n<div class=\"t m0 x1a h4f y8ae ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rate all of<span class=\"_ _0\"></span> the above<span class=\"ls0 ws0\">-</span>ment<span class=\"_ _2b\"></span>ioned criteria,<span class=\"_ _0\"></span> are capit<span class=\"_ _0\"></span>alised as an</div>\n<div class=\"t m0 x1a h4f y8af ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset and are amort<span class=\"_ _0\"></span>ised over t<span class=\"_ _0\"></span>heir est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>eful life usi<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y8b0 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the straight<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">line m<span class=\"_ _0\"></span>ethod. In g<span class=\"_ _2b\"></span>eneral, such softw<span class=\"_ _0\"></span>are is amort<span class=\"_ _0\"></span>ised ove<span class=\"_ _0\"></span>r a </span></span></div>\n<div class=\"t m0 x1a h4f y8b1 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">maximum of <span class=\"_ _2\"></span>5 years.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yc96 ffcc fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc97 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es, such as parkin<span class=\"_ _0\"></span>g concess<span class=\"_ _0\"></span>ions,</div>\n<div class=\"t m0 x1a h4f yc98 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">trademarks an<span class=\"_ _2\"></span>d licenses,<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">are generall<span class=\"_ _0\"></span>y amortise<span class=\"_ _0\"></span>d over thei<span class=\"_ _0\"></span>r estimat<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x1a h4f yc99 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful liv<span class=\"_ _2b\"></span>es using the straight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">line <span class=\"_ _0\"></span>method.<span class=\"_ _0\"></span> Intang<span class=\"_ _2b\"></span>ible assets wit<span class=\"_ _2b\"></span>h finite </span></span></div>\n<div class=\"t m0 x1a h4f yc9a ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lives are r<span class=\"_ _0\"></span>eviewed f<span class=\"_ _0\"></span>or indicat<span class=\"_ _2b\"></span>ors of impairment at<span class=\"_ _0\"></span> each report<span class=\"_ _0\"></span>ing date.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc9b ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc9c ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Car park co<span class=\"_ _0\"></span>ncessi<span class=\"_ _0\"></span>ons are reco<span class=\"_ _0\"></span>gnised<span class=\"_ _0\"></span> as intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span>s when <span class=\"lse2 wsf1\">Ageas </span></div>\n<div class=\"t m0 x1a h4f y8b9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has the ri<span class=\"_ _2b\"></span>ght to charge f<span class=\"_ _0\"></span>or the us<span class=\"_ _2b\"></span>age of the conc<span class=\"_ _0\"></span>ession i<span class=\"_ _2b\"></span>nfrastructure.<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x1a h4f y8ba ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _0\"></span>et receiv<span class=\"_ _2b\"></span>ed is measured at fair val<span class=\"_ _2b\"></span>ue at initial</div>\n<div class=\"t m0 x1a h4f y8bb ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>, as consideration <span class=\"_ _2\"></span>for providing cons<span class=\"_ _2\"></span>truction or upgrade<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc9d ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s in a serv<span class=\"_ _2b\"></span>ice concessi<span class=\"_ _0\"></span>on arran<span class=\"_ _0\"></span>gement.<span class=\"_ _0\"></span> The ap<span class=\"_ _0\"></span>plicabl<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yc9e ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is determ<span class=\"_ _0\"></span>ined by ref<span class=\"_ _0\"></span>erence to th<span class=\"_ _0\"></span>e fair value of<span class=\"_ _0\"></span> the const<span class=\"_ _0\"></span>ruction or</div>\n<div class=\"t m0 x1a h4f yc9f ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">upgrade servic<span class=\"_ _2\"></span>es provided. Subsequent to in<span class=\"_ _2\"></span>itial recognition, the car<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yca0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">park conc<span class=\"_ _0\"></span>essions<span class=\"_ _0\"></span> are measu<span class=\"_ _0\"></span>red at cost les<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>any ac<span class=\"_ _2b\"></span>cumulated</div>\n<div class=\"t m0 x1a h4f yca1 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ation and a<span class=\"_ _0\"></span>ny accumu<span class=\"_ _2b\"></span>lated impairme<span class=\"_ _0\"></span>nt losses. T<span class=\"_ _2b\"></span>he estimated</div>\n<div class=\"t m0 x1a h4f yca2 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>an int<span class=\"_ _2b\"></span>angible asset in a se<span class=\"_ _0\"></span>rvice conc<span class=\"_ _2b\"></span>ession arrange<span class=\"_ _0\"></span>ment is</div>\n<div class=\"t m0 x1a h4f yca3 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the peri<span class=\"_ _0\"></span>od that st<span class=\"_ _2b\"></span>arts at the ti<span class=\"_ _2b\"></span>me Ageas is ab<span class=\"_ _0\"></span>le to cha<span class=\"_ _0\"></span>rge for t<span class=\"_ _0\"></span>he use of</div>\n<div class=\"t m0 x1a h4f yca4 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the conces<span class=\"_ _2b\"></span>sion infrastru<span class=\"_ _0\"></span>cture unt<span class=\"_ _2b\"></span>il <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e end of the conc<span class=\"_ _2b\"></span>ession period. T<span class=\"_ _0\"></span>h<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f yca5 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent princ<span class=\"_ _0\"></span>iples app<span class=\"_ _0\"></span>lied to car p<span class=\"_ _0\"></span>ark conce<span class=\"_ _0\"></span>ssions ar<span class=\"_ _0\"></span>e the same as</div>\n<div class=\"t m0 x1a h4f yca6 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">those applicable<span class=\"_ _2\"></span> to investment properties<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 536px; height: 304px; width: 354px; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 536px; height: 561px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 656px; width: 354px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yca7 ffca fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yca8 ffcc fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Goodwill from<span class=\"_ _2\"></span> business combinations from<span class=\"_ _2\"></span> 1 January 2010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yca9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">At initi<span class=\"_ _0\"></span>al reco<span class=\"_ _0\"></span>gnition,<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill is me<span class=\"_ _2b\"></span>asured at cost,<span class=\"_ _0\"></span> being t<span class=\"_ _0\"></span>he exces<span class=\"_ _0\"></span>s of</div>\n<div class=\"t m0 x1a h4f ycaa ffca fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">th<span class=\"lse2 ws103\">e fair value<span class=\"_ _2\"></span> of the consideration transferred<span class=\"_ _2\"></span> over: <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ycab ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas's <span class=\"ws103\">share in the ne<span class=\"_ _2\"></span>t identifiable assets acquired<span class=\"_ _2\"></span> and liabilities </span></span></span></div>\n<div class=\"t m0 x6c h4f ycac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assume<span class=\"_ _0\"></span>d; and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycad ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">Net of the fai<span class=\"_ _0\"></span>r value o<span class=\"_ _0\"></span>f any pre<span class=\"_ _2b\"></span>viously held e<span class=\"_ _0\"></span>quity i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> in the </span></span></div>\n<div class=\"t m0 x6c h4f ycae ffca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>e. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycaf ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">After init<span class=\"_ _2b\"></span>ial recognition,<span class=\"_ _0\"></span> goodwi<span class=\"_ _0\"></span>ll is measur<span class=\"_ _0\"></span>ed at cost les<span class=\"_ _0\"></span>s any</div>\n<div class=\"t m0 x1a h4f ycb1 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">accumu<span class=\"_ _0\"></span>lated im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt losses<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 178px; width: 354px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 183px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 692px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yc94 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 298px; height: 808px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ffd1 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll from b<span class=\"_ _0\"></span>usiness c<span class=\"_ _2b\"></span>ombinations pr<span class=\"_ _2b\"></span>ior to <span class=\"lse2\">1 January<span class=\"_ _2\"></span> 2010<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">In comparison wi<span class=\"_ _2\"></span>th the above<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">mentioned<span class=\"_ _2\"></span> requirements, th<span class=\"_ _2\"></span>e following </span></div>\n<div class=\"t m0 x7 h4f y804 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nces apply<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> were acco<span class=\"_ _2b\"></span>unted for using the pu<span class=\"_ _0\"></span>rchase </span></span></div>\n<div class=\"t m0 x43 h4f y806 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">method.<span class=\"_ _0\"></span> Transac<span class=\"_ _0\"></span>tion co<span class=\"_ _2b\"></span>sts directly at<span class=\"_ _2b\"></span>tributable to t<span class=\"_ _0\"></span>he acqu<span class=\"_ _0\"></span>isitio<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x43 h4f y807 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">formed pa<span class=\"_ _2b\"></span>rt <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e acquisit<span class=\"_ _0\"></span>ion costs<span class=\"_ _0\"></span>. The non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">controlling interest </span></span></div>\n<div class=\"t m0 x43 h4f y808 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(formerly known<span class=\"_ _2\"></span> as minority interest) wa<span class=\"_ _2\"></span>s measured at the</div>\n<div class=\"t m0 x43 h4f y809 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ionate s<span class=\"_ _2b\"></span>hare of the ac<span class=\"_ _0\"></span>quiree\u2019s<span class=\"_ _0\"></span> identif<span class=\"_ _2b\"></span>iable net asset<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> achieve<span class=\"_ _0\"></span>d in stages w<span class=\"_ _0\"></span>ere account<span class=\"_ _2b\"></span>ed for as </span></span></div>\n<div class=\"t m0 x43 h4f y80b ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separate steps.<span class=\"_ _2\"></span> Any additional ac<span class=\"lse0 wsf0\">quired shar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>of int<span class=\"_ _0\"></span>erest did n<span class=\"_ _0\"></span>ot </span></div>\n<div class=\"t m0 x43 h4f y80c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">affect pre<span class=\"_ _2\"></span>viously recognised good<span class=\"_ _2\"></span>will.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80d ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsfa\">A contingent c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>ration w<span class=\"_ _2b\"></span>as recognised i<span class=\"_ _2b\"></span>f, and only if<span class=\"_ _0\"></span>, Ageas </span></span></div>\n<div class=\"t m0 x43 h4f y80e ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">had a prese<span class=\"_ _0\"></span>nt obligat<span class=\"_ _0\"></span>ion, eco<span class=\"_ _0\"></span>nomic ou<span class=\"_ _0\"></span>tflow was m<span class=\"_ _0\"></span>ore likely<span class=\"_ _0\"></span> than not</div>\n<div class=\"t m0 x43 h4f y80f ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and a relia<span class=\"_ _0\"></span>ble estim<span class=\"_ _0\"></span>ate was <span class=\"lse2 wsfa\">determinable. Subseq<span class=\"_ _2\"></span>uent adjustments </span></div>\n<div class=\"t m0 x43 h4f y810 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to the cont<span class=\"_ _0\"></span>ingent con<span class=\"_ _2b\"></span>sideration aff<span class=\"_ _0\"></span>ected go<span class=\"_ _0\"></span>odwill.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 y886 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll is an inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _2b\"></span>et <span class=\"_ _2\"></span>wit<span class=\"_ _2b\"></span>h an indefinite lif<span class=\"_ _0\"></span>e and, like al<span class=\"_ _0\"></span>l other</div>\n<div class=\"t m0 x7 h4f y8d0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e lives, the ca<span class=\"_ _0\"></span>rrying val<span class=\"_ _2b\"></span>ue of those</div>\n<div class=\"t m0 x7 h4f y8d1 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e life is assess<span class=\"_ _2b\"></span>ed annually, or mor<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y8d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">frequent<span class=\"_ _2b\"></span>ly, if events o<span class=\"_ _2b\"></span>r changes in ci<span class=\"_ _0\"></span>rcumst<span class=\"_ _2b\"></span>ances indicat<span class=\"_ _0\"></span>e that suc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x7 h4f y8d3 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> value may not b<span class=\"_ _2b\"></span>e recoverabl<span class=\"_ _0\"></span>e. If suc<span class=\"_ _0\"></span>h indicat<span class=\"_ _2b\"></span>ion exists, t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yb28 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt is determined for the c<span class=\"_ _2\"></span>ash<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">ge<span class=\"lse0 wsfa\">nerati<span class=\"_ _0\"></span>ng unit t<span class=\"_ _2b\"></span>o which </span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">goodwil<span class=\"_ _0\"></span>l belongs.<span class=\"_ _0\"></span> This amount<span class=\"_ _0\"></span> is then com<span class=\"_ _2b\"></span>pared to the carryi<span class=\"_ _0\"></span>ng amount</div>\n<div class=\"t m0 x7 h4f yb2a ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the cash<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generati<span class=\"_ _2\"></span>ng unit and an<span class=\"_ _2\"></span> impairment loss i<span class=\"_ _2\"></span>s recognised if <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recover<span class=\"_ _2b\"></span>able amount is l<span class=\"_ _0\"></span>ess tha<span class=\"_ _2b\"></span>n the carrying <span class=\"_ _0\"></span>amount.<span class=\"_ _0\"></span> Impairm<span class=\"_ _2b\"></span>ent losses</div>\n<div class=\"t m0 x7 h4f yb2c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are recogn<span class=\"_ _2\"></span>ised immed<span class=\"ws103\">iately in the inc<span class=\"_ _2\"></span>ome statement.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yb2d ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y962 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the event<span class=\"_ _0\"></span> of an impair<span class=\"_ _2b\"></span>ment loss, Ageas fi<span class=\"_ _0\"></span>rst reduc<span class=\"_ _0\"></span>es the carry<span class=\"_ _2b\"></span>ing</div>\n<div class=\"t m0 x7 h4f y963 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill all<span class=\"_ _0\"></span>ocated t<span class=\"_ _0\"></span>o the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span><span class=\"lse2\">generating<span class=\"_ _2\"></span> unit and then<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y964 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reduces t<span class=\"_ _0\"></span>he other ass<span class=\"_ _0\"></span>ets in the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generating un<span class=\"_ _2\"></span>it pro</span>-</span>rata on the</div>\n<div class=\"t m0 x7 h4f y965 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">basis of t<span class=\"_ _2b\"></span>he carrying a<span class=\"_ _0\"></span>mount of<span class=\"_ _0\"></span> each as<span class=\"_ _0\"></span>set in t<span class=\"_ _2b\"></span>he cash generat<span class=\"_ _0\"></span>ing un<span class=\"_ _0\"></span>it.</div>\n<div class=\"t m0 x7 h4f y966 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Previou<span class=\"_ _0\"></span>sly reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _2b\"></span>pairment losses r<span class=\"_ _0\"></span>elating t<span class=\"_ _0\"></span>o goodwil<span class=\"_ _0\"></span>l are not</div>\n<div class=\"t m0 x7 h4f y967 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reversed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 268px; width: 349px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 525px; width: 349px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 530px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 535px; width: 349px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y898 ffcf fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.7 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Lea<span class=\"_ _2\"></span>sed</span> <span class=\"lse0 wsef\">assets<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 y9b2 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas as a<span class=\"_ _2\"></span> lessor<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9b3 ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Assets leas<span class=\"_ _2\"></span>ed under an oper<span class=\"_ _2\"></span>ating lease are rec<span class=\"_ _2\"></span>orded on <span class=\"wsf1\">the<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y9b4 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of financial po<span class=\"_ _2\"></span>sition under \u2018investment prope<span class=\"_ _2\"></span>rty\u2019 (buildings) and</div>\n<div class=\"t m0 x7 h4f y9b5 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">\u2018prope<span class=\"_ _0\"></span>rty, plant<span class=\"_ _0\"></span> and equipme<span class=\"_ _2b\"></span>nt\u2019 (equipment an<span class=\"_ _0\"></span>d motor veh<span class=\"_ _0\"></span>icles). T<span class=\"_ _2b\"></span>hose</div>\n<div class=\"t m0 x7 h4f y9b6 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>re recorded at<span class=\"_ _0\"></span> cost less<span class=\"_ _2b\"></span> accumulated <span class=\"_ _0\"></span>depreci<span class=\"_ _0\"></span>ation.<span class=\"_ _0\"></span> Rental</div>\n<div class=\"t m0 x7 h4f y9b7 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income,<span class=\"_ _0\"></span> net of any inc<span class=\"_ _0\"></span>entives<span class=\"_ _0\"></span> given to less<span class=\"lse2 wsfa\">ees, is recognised on a<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9b8 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">straight<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">lin<span class=\"_ _0\"></span>e basis ov<span class=\"_ _2b\"></span>er the lease t<span class=\"_ _0\"></span>erm. Init<span class=\"_ _0\"></span>ial dire<span class=\"_ _2b\"></span>ct costs incur<span class=\"_ _2b\"></span>red by </span></span></div>\n<div class=\"t m0 x7 h4f y9b9 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas a<span class=\"_ _0\"></span>re added t<span class=\"_ _2b\"></span>o the carryin<span class=\"_ _0\"></span>g amount<span class=\"_ _0\"></span> of the l<span class=\"_ _0\"></span>eased a<span class=\"_ _0\"></span>sset and a<span class=\"_ _2b\"></span>re</div>\n<div class=\"t m0 x7 h4f y9ba ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as an<span class=\"_ _2b\"></span> expense over t<span class=\"_ _2b\"></span>he lease term o<span class=\"_ _0\"></span>n the sa<span class=\"_ _2b\"></span>me basis as the</div>\n<div class=\"t m0 x7 h4f y9bb ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rental inc<span class=\"_ _2b\"></span>ome.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d4 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d5 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">also entere<span class=\"_ _0\"></span>d into fi<span class=\"_ _0\"></span>nance l<span class=\"_ _0\"></span>ease tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _2b\"></span>ns, in which </span></span></div>\n<div class=\"t m0 x7 h4f y8d6 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">substant<span class=\"_ _2b\"></span>ially all the risks an<span class=\"_ _0\"></span>d rewards re<span class=\"_ _0\"></span>lated to ow<span class=\"_ _0\"></span>nershi<span class=\"_ _2b\"></span>p <span class=\"_ _2\"></span>of the le<span class=\"_ _2b\"></span>ased</div>\n<div class=\"t m0 x7 h4f y8d7 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets, <span class=\"_ _0\"></span>other t<span class=\"_ _0\"></span>han the l<span class=\"_ _0\"></span>egal tit<span class=\"_ _0\"></span>le, are t<span class=\"_ _2b\"></span>ransferred t<span class=\"_ _0\"></span>o the <span class=\"lse2 wsf1\">lessee<span class=\"lsf4 ws114\">. Assets </span></span></div>\n<div class=\"t m0 x1a h4f y8d8 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">leased u<span class=\"_ _0\"></span>nder a f<span class=\"_ _0\"></span>inance l<span class=\"_ _0\"></span>ease ar<span class=\"_ _0\"></span>e present<span class=\"_ _2b\"></span>ed as a rec<span class=\"wsf0\">eiv<span class=\"_ _0\"></span>able at an </span></div>\n<div class=\"t m0 x1a h4f y8d9 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount e<span class=\"_ _2b\"></span>qual to the net <span class=\"_ _2b\"></span>investment in<span class=\"_ _0\"></span> the leas<span class=\"_ _0\"></span>e. The n<span class=\"_ _0\"></span>et invest<span class=\"_ _2b\"></span>ment in</div>\n<div class=\"t m0 x1a h4f y9bc ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the leas<span class=\"_ _0\"></span>e compr<span class=\"_ _0\"></span>ises th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>e of the l<span class=\"_ _2b\"></span>ease payments<span class=\"_ _0\"></span> and any<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y9bd ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value <span class=\"_ _0\"></span>guarant<span class=\"_ _0\"></span>ee. Th<span class=\"_ _0\"></span>e differe<span class=\"_ _2b\"></span>nce between th<span class=\"_ _2b\"></span>e asset and th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y9be ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value of<span class=\"_ _0\"></span> the rec<span class=\"_ _0\"></span>eivabl<span class=\"_ _0\"></span>e is r<span class=\"wsf0\">ecog<span class=\"_ _2b\"></span>nised as unearned f<span class=\"_ _0\"></span>inance </span></div>\n<div class=\"t m0 x1a h4f y9bf ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">income. Finance<span class=\"_ _2\"></span> income is recognised over<span class=\"_ _2\"></span> the term of the lease based</div>\n<div class=\"t m0 x1a h4f y9c0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on a patter<span class=\"_ _0\"></span>n reflect<span class=\"_ _0\"></span>ing a consta<span class=\"_ _0\"></span>nt period<span class=\"_ _2b\"></span>ic rate of return on th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y9c1 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding net <span class=\"_ _0\"></span>invest<span class=\"_ _2b\"></span>ment in the fin<span class=\"_ _0\"></span>ance le<span class=\"_ _0\"></span>ase. Init<span class=\"_ _2b\"></span>ial direct cost<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f y97e ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d by Ageas ar<span class=\"lse2 wsfa\">e included in the i<span class=\"_ _2\"></span>nitial measurement o<span class=\"_ _2\"></span>f the net </span></div>\n<div class=\"t m0 x1a h4f y97f ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent in the lease and redu<span class=\"_ _2b\"></span>ce the amount of inc<span class=\"_ _0\"></span>ome recog<span class=\"_ _0\"></span>nised</div>\n<div class=\"t m0 x1a h4f y980 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">over th<span class=\"_ _0\"></span>e lease t<span class=\"_ _0\"></span>erm.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 ycb4 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas as a<span class=\"_ _2\"></span> lessee<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycb5 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas l<span class=\"_ _0\"></span>eases lan<span class=\"_ _2b\"></span>d, buildings, e<span class=\"_ _2b\"></span>quipment an<span class=\"_ _0\"></span>d motor ve<span class=\"_ _2b\"></span>hicles. The l<span class=\"_ _0\"></span>ease</div>\n<div class=\"t m0 x1a h4f ycb6 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">terms are n<span class=\"_ _0\"></span>egotiat<span class=\"_ _2b\"></span>ed on an individual<span class=\"_ _0\"></span> basis and cont<span class=\"_ _0\"></span>ain a wide ran<span class=\"_ _0\"></span>ge of</div>\n<div class=\"t m0 x1a h4f ycb7 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">different term<span class=\"_ _2\"></span>s and conditions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y985 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y986 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A <span class=\"lse2 ws103\">si<span class=\"_ _2\"></span>ngle measurement model applie<span class=\"_ _2\"></span>s to assets leased under bot<span class=\"_ _2\"></span>h </span></div>\n<div class=\"t m0 x1a h4f y987 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operating and f<span class=\"_ _2\"></span>inance lease transactions, re<span class=\"_ _2\"></span>sulting in the recognition of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y988 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a right<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">use asset and a leas<span class=\"_ _2b\"></span>e liability.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y989 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y98a ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liability com<span class=\"_ _0\"></span>prises t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _2b\"></span>e of followin<span class=\"_ _0\"></span>g lease</div>\n<div class=\"t m0 x1a h4f y98b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s that a<span class=\"_ _0\"></span>re not p<span class=\"_ _0\"></span>aid at t<span class=\"_ _0\"></span>he comme<span class=\"_ _0\"></span>ncement<span class=\"_ _0\"></span> date, <span class=\"_ _0\"></span>includi<span class=\"_ _0\"></span>ng leas<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y98c ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s to be made u<span class=\"_ _0\"></span>nder reaso<span class=\"_ _2b\"></span>nably certain exte<span class=\"_ _2b\"></span>nsion options:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98d ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 ws103\">F<span class=\"_ _2\"></span>ixed payments (including in</span><span class=\"ffcf\">-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">substance fixed pa<span class=\"_ _2\"></span>yments) <span class=\"ws103\">less any </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y98e ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease incentiv<span class=\"_ _2\"></span>es receivable;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98f ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 wsfa\">Va<span class=\"_ _2\"></span>riable lease paym<span class=\"_ _2\"></span>ents that depend <span class=\"_ _2\"></span>on an index or<span class=\"_ _2\"></span> a rate, initiall<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x6c h4f y990 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d using th<span class=\"_ _0\"></span>e index or rate as<span class=\"_ _0\"></span> at the comm<span class=\"_ _0\"></span>encement<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>dat<span class=\"_ _0\"></span>e;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y991 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Amounts expect<span class=\"_ _0\"></span>ed to be payab<span class=\"_ _2b\"></span>le by Ageas under res<span class=\"_ _0\"></span>idual va<span class=\"_ _0\"></span>lue </span></span></div>\n<div class=\"t m0 x6c h4f y992 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">guarantees;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y993 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">The exercise p<span class=\"lse2 wsfa\">rice of a purchas<span class=\"_ _2\"></span>e option if Ageas<span class=\"_ _2\"></span> is reasonably </span></span></span></div>\n<div class=\"t m0 x6c h4f y994 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n to exercis<span class=\"_ _0\"></span>e that opt<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f y995 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 ws103\">Pa<span class=\"_ _2\"></span>yments of penalties for<span class=\"_ _2\"></span> terminating the lease, if the<span class=\"_ _2\"></span> lease term </span></span></div>\n<div class=\"t m0 x6c h4f y996 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflects<span class=\"_ _0\"></span> Ageas exe<span class=\"_ _0\"></span>rcisin<span class=\"_ _0\"></span>g that optio<span class=\"_ _0\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y997 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c8 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liability is<span class=\"_ _0\"></span> discount<span class=\"_ _2b\"></span>ed applying th<span class=\"_ _0\"></span>e intere<span class=\"_ _2b\"></span>st rate implic<span class=\"_ _0\"></span>it in the<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y9c9 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease. If that ra<span class=\"_ _2\"></span>te cannot be readily determi<span class=\"_ _2\"></span>ned, <span class=\"wsf1\">Ageas's <span class=\"lse0 wsef\">increment<span class=\"_ _0\"></span>al </span></span></div>\n<div class=\"t m0 x1a h4f y9ca ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowing r<span class=\"_ _2\"></span>ate is applied. A<span class=\"_ _2\"></span>s incremental borro<span class=\"_ _2\"></span>wing rate, Ageas<span class=\"_ _2\"></span> applies</div>\n<div class=\"t m0 x1a h4f y9cb ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a globa<span class=\"_ _0\"></span>l availa<span class=\"_ _0\"></span>ble comp<span class=\"_ _0\"></span>osite cu<span class=\"_ _0\"></span>rve, whic<span class=\"_ _2b\"></span>h is based on a <span class=\"_ _0\"></span>sample of</div>\n<div class=\"t m0 x1a h4f y9cc ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">existing secondar<span class=\"_ _2\"></span>y bonds from fina<span class=\"lse0 wsf0\">ncial issu<span class=\"_ _0\"></span>ers in the A rang<span class=\"_ _2b\"></span>e, </span></div>\n<div class=\"t m0 x1a h4f y9cd ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed by a risk premium. F<span class=\"_ _0\"></span>or car parks<span class=\"_ _0\"></span>, a risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">free rate equal to the<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f y9ce ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate swap f<span class=\"_ _0\"></span>or a similar du<span class=\"_ _0\"></span>ration,<span class=\"_ _0\"></span> increase<span class=\"_ _2b\"></span>d by a risk premium, is</div>\n<div class=\"t m0 x1a h4f y9cf ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">applied. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9d0 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d1 ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The carryin<span class=\"_ _2\"></span>g amount of the<span class=\"_ _2\"></span> lease liability s<span class=\"_ _2\"></span>ubsequently increases<span class=\"_ _2\"></span> <span class=\"lsf4 ws10c\">to </span></div>\n<div class=\"t m0 x1a h4f y9d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reflect i<span class=\"_ _2b\"></span>nterest on the <span class=\"_ _0\"></span>lease l<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> and red<span class=\"_ _2b\"></span>uces to reflect<span class=\"_ _2b\"></span> the lease</div>\n<div class=\"t m0 x1a h4f y9d3 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s made. The l<span class=\"_ _0\"></span>ease liabi<span class=\"_ _2b\"></span>lity is remeasur<span class=\"_ _0\"></span>ed in order to r<span class=\"_ _2b\"></span>eflect</div>\n<div class=\"t m0 x1a h4f y9d4 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease mod<span class=\"_ _2b\"></span>ifications or chan<span class=\"_ _2b\"></span>ges in the lease payme<span class=\"_ _0\"></span>nts, inc<span class=\"_ _0\"></span>luding a</div>\n<div class=\"t m0 x1a h4f y9d5 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">change i<span class=\"_ _0\"></span>n an inde<span class=\"_ _2b\"></span>x or a rate use<span class=\"_ _0\"></span>d to dete<span class=\"_ _0\"></span>rmin<span class=\"wsf0\">e thos<span class=\"_ _2b\"></span>e payments. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 766px; width: 349px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 247px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 349px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 252px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 298px; height: 808px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>erest on t<span class=\"_ _2b\"></span>he lease lia<span class=\"_ _0\"></span>bility i<span class=\"_ _0\"></span>n each per<span class=\"_ _2b\"></span>iod represent<span class=\"_ _0\"></span>s the amo<span class=\"_ _2b\"></span>unt</div>\n<div class=\"t m0 x7 h4f y803 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that pr<span class=\"_ _0\"></span>oduces a c<span class=\"_ _2b\"></span>onstant perio<span class=\"_ _2b\"></span>dic rate of int<span class=\"_ _0\"></span>erest o<span class=\"_ _0\"></span>n the rem<span class=\"_ _0\"></span>aining</div>\n<div class=\"t m0 x7 h4f y804 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">balance of<span class=\"_ _0\"></span> the lease li<span class=\"_ _2b\"></span>ability. The inte<span class=\"_ _0\"></span>rest on the le<span class=\"_ _0\"></span>ase <span class=\"ls106 ws115\">liabi<span class=\"_ _0\"></span>lity is </span></div>\n<div class=\"t m0 x7 h4f y805 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent, together <span class=\"_ _0\"></span>with th<span class=\"_ _0\"></span>e varia<span class=\"_ _0\"></span>ble leas<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y806 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s not inclu<span class=\"_ _0\"></span>ded in the meas<span class=\"_ _2b\"></span>urement of the leas<span class=\"_ _2b\"></span>e liability in the</div>\n<div class=\"t m0 x7 h4f y807 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period in<span class=\"_ _2\"></span> which the event or<span class=\"_ _2\"></span> condition that <span class=\"_ _2\"></span>triggers those p<span class=\"_ _2\"></span>ayments</div>\n<div class=\"t m0 x7 h4f y808 ffd4 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">occurs.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The right<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse1 ws11d\">use asset is <span class=\"_ _2\"></span><span class=\"ls102\">initially <span class=\"lse0 wsfa\">measured at c<span class=\"_ _2b\"></span>ost and compri<span class=\"_ _0\"></span>ses the </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y80b ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">initial l<span class=\"_ _2b\"></span>ease liability<span class=\"_ _2b\"></span> recognised, <span class=\"_ _0\"></span>adjusted <span class=\"_ _0\"></span>for any<span class=\"_ _0\"></span> lease p<span class=\"_ _0\"></span>ayments<span class=\"_ _0\"></span> made</div>\n<div class=\"t m0 x7 h4f y80c ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at or befor<span class=\"_ _0\"></span>e the comme<span class=\"_ _0\"></span>ncement<span class=\"_ _0\"></span> of the lease, any<span class=\"_ _0\"></span> lease ince<span class=\"_ _2b\"></span>ntives</div>\n<div class=\"t m0 x7 h4f y80d ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d, <span class=\"_ _2\"></span>any i<span class=\"_ _2b\"></span>nitial direct costs<span class=\"_ _0\"></span> incurr<span class=\"_ _0\"></span>ed by Ageas an<span class=\"_ _0\"></span>d an estim<span class=\"_ _0\"></span>ate of</div>\n<div class=\"t m0 x7 h4f y80e ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">t<span class=\"lse0 wsfa\">he costs t<span class=\"_ _0\"></span>o be inc<span class=\"_ _0\"></span>urred in <span class=\"_ _0\"></span>dismant<span class=\"_ _0\"></span>ling an<span class=\"_ _0\"></span>d removi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nderly<span class=\"_ _0\"></span>ing </span></div>\n<div class=\"t m0 x7 h4f y80f ffd4 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">asset. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y810 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90a ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subsequently,<span class=\"_ _2\"></span> the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsf0\">use asset is meas<span class=\"_ _0\"></span>ured at cost<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>less<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y90b ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accumu<span class=\"_ _0\"></span>lated dep<span class=\"_ _0\"></span>reciat<span class=\"_ _0\"></span>ion and any i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent losses.<span class=\"_ _0\"></span> The right<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsef\">use </span></span></div>\n<div class=\"t m0 x7 h4f y90c ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">asset is<span class=\"_ _0\"></span> deprec<span class=\"_ _0\"></span>iated o<span class=\"_ _0\"></span>n a strai<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">line basis over the s<span class=\"_ _0\"></span>horter of t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y90d ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset\u2019s<span class=\"_ _0\"></span> useful lif<span class=\"_ _0\"></span>e and the leas<span class=\"_ _0\"></span>e term. Simi<span class=\"_ _0\"></span>lar to othe<span class=\"_ _0\"></span>r non<span class=\"ls0 ws0\">-</span><span class=\"wsef\">financ<span class=\"_ _2b\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y90e ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets, a ri<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">use asset is impaired when<span class=\"_ _2\"></span> its carrying amount </span></span></span></div>\n<div class=\"t m0 x7 h4f y90f ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">exceeds it<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">recov<span class=\"_ _0\"></span>erable a<span class=\"_ _0\"></span>mount. Th<span class=\"_ _0\"></span>e depreci<span class=\"_ _0\"></span>ation of the ri<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">us<span class=\"_ _2\"></span>e </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y910 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset and r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion of any<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">imp<span class=\"_ _0\"></span>airment<span class=\"_ _0\"></span> loss is <span class=\"_ _0\"></span>recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y911 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y912 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y913 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In case of<span class=\"_ _2b\"></span> remeasurem<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e lease l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>y<span class=\"ls0 ws0\">, </span><span class=\"wsf0\">to reflect leas<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y914 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">modification<span class=\"_ _2\"></span>s or changes in the lease payment<span class=\"_ _2\"></span>s, the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsf0\">use asset is </span></span></div>\n<div class=\"t m0 x7 h4f y915 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed for this<span class=\"_ _0\"></span> reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y916 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y917 ffd4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">measurement<span class=\"_ _0\"></span> model abo<span class=\"_ _0\"></span>ve is not app<span class=\"_ _0\"></span>lied to leas<span class=\"_ _0\"></span>es of asset<span class=\"_ _0\"></span> that are </span></div>\n<div class=\"t m0 x7 h4f y918 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of low v<span class=\"_ _0\"></span>alue to A<span class=\"_ _0\"></span>geas or t<span class=\"_ _2b\"></span>o short<span class=\"ls0 ws0\">-</span>term leas<span class=\"_ _0\"></span>es, of wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e lease t<span class=\"_ _0\"></span>erm at</div>\n<div class=\"t m0 x7 h4f y919 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">commenc<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> the lea<span class=\"_ _0\"></span>se is 12 m<span class=\"_ _2b\"></span>onths or less. F<span class=\"_ _2b\"></span>or those leas<span class=\"_ _0\"></span>es, the</div>\n<div class=\"t m0 x7 h4f y91a ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease paym<span class=\"_ _2b\"></span>ents made are rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d as an expe<span class=\"wsfa\">ns<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e income </span></div>\n<div class=\"t m0 x7 h4f y91b ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt on a <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>raight<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">lin<span class=\"_ _0\"></span>e basis ov<span class=\"_ _2b\"></span>er the lease t<span class=\"_ _0\"></span>erm<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 514px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 519px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 524px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x7 h55 y968 ffd6 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Cash flo<span class=\"_ _0\"></span>w statem<span class=\"_ _2b\"></span>ent<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y969 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Lease paym<span class=\"_ _2b\"></span>ents are present<span class=\"_ _0\"></span>ed as cash fl<span class=\"_ _0\"></span>ows from op<span class=\"_ _0\"></span>erating act<span class=\"_ _2b\"></span>ivities in</div>\n<div class=\"t m0 x7 h4f y96a ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cons<span class=\"_ _0\"></span>olidate<span class=\"_ _2b\"></span>d cash flow st<span class=\"_ _0\"></span>atement,<span class=\"_ _0\"></span> as part <span class=\"_ _0\"></span>of \u2018borr<span class=\"_ _0\"></span>owings\u2019.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 520px; height: 51px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y89b ffd4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.8 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Loan<span class=\"_ _2\"></span>s</span> </span></div>\n<div class=\"t m0 x7 h4f y89c ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans to ba<span class=\"_ _0\"></span>nks<span class=\"wsfa\">, lo<span class=\"_ _0\"></span>ans to gov<span class=\"_ _2b\"></span>ernments and l<span class=\"_ _0\"></span>oans to c<span class=\"_ _0\"></span>ustome<span class=\"_ _0\"></span>rs incl<span class=\"_ _0\"></span>ude </span></div>\n<div class=\"t m0 x7 h4f y89d ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">loans originat<span class=\"_ _2\"></span>ed by Ageas by providing money<span class=\"_ _2\"></span> directly to the borrower or<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y89e ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to a sub<span class=\"ls0 ws0\">-</span>partici<span class=\"_ _2b\"></span>pation agent. Tho<span class=\"_ _0\"></span>se loans<span class=\"_ _0\"></span> are measur<span class=\"_ _0\"></span>ed at amort<span class=\"_ _0\"></span>ised</div>\n<div class=\"t m0 x7 h4f y89f ffd4 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">cost. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a0 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a1 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Debt sec<span class=\"_ _2b\"></span>urities acquir<span class=\"_ _2b\"></span>ed on the primar<span class=\"_ _2b\"></span>y market direct<span class=\"_ _2b\"></span>ly from the iss<span class=\"_ _2b\"></span>uer</div>\n<div class=\"t m0 x7 h4f y8a2 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are reco<span class=\"_ _0\"></span>rded as <span class=\"_ _0\"></span>loans, p<span class=\"_ _2b\"></span>rovided ther<span class=\"_ _0\"></span>e is no act<span class=\"_ _2b\"></span>ive market for t<span class=\"_ _2b\"></span>hose</div>\n<div class=\"t m0 x7 h4f y8a3 ffd4 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">securities. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2e ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2f ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans th<span class=\"_ _0\"></span>at are orig<span class=\"_ _0\"></span>inated or pu<span class=\"_ _0\"></span>rchase<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h the intent t<span class=\"_ _0\"></span>o be sold or</div>\n<div class=\"t m0 x7 h4f yb30 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ised in t<span class=\"_ _0\"></span>he short<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">term are classified as<span class=\"_ _2\"></span> assets held for trading.<span class=\"_ _2\"></span> </span> </span></div>\n<div class=\"t m0 x1a h4f y977 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Loans that <span class=\"lse0 wsf0\">are designat<span class=\"_ _0\"></span>ed as held at fai<span class=\"_ _0\"></span>r value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss or </span></div>\n<div class=\"t m0 x1a h4f y978 ffd4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-<span class=\"lse0 wsf0\">sale are classi<span class=\"_ _0\"></span>fied as suc<span class=\"_ _0\"></span>h <span class=\"lse2 wsf1\">on <span class=\"ls106 ws10c\">initial recognit<span class=\"_ _2b\"></span>ion. <span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y979 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y97a ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Loan com<span class=\"_ _0\"></span>mitme<span class=\"_ _0\"></span>nts that<span class=\"_ _0\"></span> allow fo<span class=\"_ _2b\"></span>r a drawdown of <span class=\"_ _2b\"></span>a loan within t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y97b ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">timefra<span class=\"_ _0\"></span>me gene<span class=\"_ _0\"></span>rally est<span class=\"_ _2b\"></span>ablished by r<span class=\"_ _0\"></span>egulati<span class=\"_ _2b\"></span>on or convent<span class=\"_ _0\"></span>ion in th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y97c ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market<span class=\"_ _0\"></span>place ar<span class=\"_ _0\"></span>e not rec<span class=\"_ _0\"></span>ognise<span class=\"_ _2b\"></span>d in the statem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _2b\"></span>nancial posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97d ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb32 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Increm<span class=\"_ _0\"></span>ental cos<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>urred an<span class=\"_ _2b\"></span>d loan originati<span class=\"_ _2b\"></span>on fees earn<span class=\"_ _0\"></span>ed in sec<span class=\"_ _0\"></span>uring</div>\n<div class=\"t m0 x1a h4f yb33 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">a loan are def<span class=\"_ _0\"></span>erred<span class=\"_ _0\"></span> and amortise<span class=\"_ _2b\"></span>d over the life of the loa<span class=\"_ _0\"></span>n, as an</div>\n<div class=\"t m0 x1a h4f yb34 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ment to t<span class=\"_ _0\"></span>he yiel<span class=\"_ _2b\"></span>d.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 y981 ffd6 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments on<span class=\"_ _2\"></span> <span class=\"wsf1\">loans<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y982 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A credit risk for<span class=\"_ _2\"></span> a specific loan impairment<span class=\"_ _2\"></span> is established if there is</div>\n<div class=\"t m0 x1a h4f y983 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve evidenc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>tha<span class=\"_ _0\"></span>t Ageas wil<span class=\"_ _0\"></span>l not be able to col<span class=\"_ _0\"></span>lect all am<span class=\"_ _0\"></span>ounts du<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y984 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in accor<span class=\"_ _2b\"></span>dance with th<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>tual ter<span class=\"_ _2b\"></span>ms. The amount <span class=\"_ _0\"></span>of the i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f y9c2 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is the di<span class=\"_ _2\"></span>fference <span class=\"ws103\">between the<span class=\"_ _2\"></span> carrying amount and the recoverabl<span class=\"_ _2\"></span>e </span></div>\n<div class=\"t m0 x1a h4f y9c3 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount,<span class=\"_ _0\"></span> being t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of ex<span class=\"_ _0\"></span>pected c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws or, a<span class=\"_ _0\"></span>lternativ<span class=\"_ _2b\"></span>ely,</div>\n<div class=\"t m0 x1a h4f y9c4 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the collateral<span class=\"_ _2\"></span> value less costs to sell if the<span class=\"_ _2\"></span> loan is secured.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c5 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c6 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An \u2018incurred bu<span class=\"_ _2\"></span>t not reported\u2019 (IBNR) impai<span class=\"_ _2\"></span>rment on loans is recorded<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">when there is<span class=\"_ _2\"></span> objective evidence<span class=\"ls0 ws0\"> </span>tha<span class=\"_ _2\"></span>t incurred losses are present<span class=\"_ _2\"></span> in</div>\n<div class=\"t m0 x1a h4f ycb9 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compone<span class=\"_ _0\"></span>nts of the lo<span class=\"_ _0\"></span>an portf<span class=\"_ _0\"></span>olio, with<span class=\"_ _0\"></span>out havin<span class=\"_ _0\"></span>g specific<span class=\"_ _2b\"></span>ally identified</div>\n<div class=\"t m0 x1a h4f ycba ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impaire<span class=\"_ _0\"></span>d loans. Th<span class=\"_ _0\"></span>is impair<span class=\"_ _2b\"></span>ment is estimated b<span class=\"_ _0\"></span>ased upon<span class=\"_ _0\"></span> historica<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x1a h4f ycbb ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">patter<span class=\"_ _0\"></span>ns of loss<span class=\"_ _2b\"></span>es in each comp<span class=\"_ _0\"></span>onent,<span class=\"_ _0\"></span> reflecti<span class=\"_ _0\"></span>ng the c<span class=\"_ _0\"></span>urrent<span class=\"_ _0\"></span> econom<span class=\"_ _0\"></span>ic</div>\n<div class=\"t m0 x1a h4f ycbc ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">climate <span class=\"_ _0\"></span>in which t<span class=\"_ _2b\"></span>he borrowers <span class=\"_ _0\"></span>operat<span class=\"_ _0\"></span>e and tak<span class=\"_ _0\"></span>ing int<span class=\"_ _0\"></span>o accou<span class=\"_ _0\"></span>nt the ri<span class=\"_ _0\"></span>sk</div>\n<div class=\"t m0 x1a h4f ycbd ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of diffic<span class=\"_ _0\"></span>ulties in se<span class=\"_ _2b\"></span>rvicing extern<span class=\"_ _0\"></span>al debt in so<span class=\"_ _0\"></span>me foreig<span class=\"_ _0\"></span>n countri<span class=\"_ _0\"></span>es based</div>\n<div class=\"t m0 x1a h4f ycbe ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on an assess<span class=\"_ _2b\"></span>ment of the politica<span class=\"_ _0\"></span>l and econo<span class=\"_ _0\"></span>mic situ<span class=\"_ _0\"></span>ation.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbf ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc0 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments are<span class=\"_ _2\"></span> recorded a<span class=\"lse0 wsfa\">s a decr<span class=\"_ _2b\"></span>ease in the car<span class=\"_ _0\"></span>rying v<span class=\"_ _0\"></span>alue of \u2018<span class=\"_ _0\"></span>loans </span></div>\n<div class=\"t m0 x1a h4f ycc1 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to banks\u2019 an<span class=\"_ _0\"></span>d \u2018loans to cus<span class=\"_ _0\"></span>tomers<span class=\"_ _2b\"></span>\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc2 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc3 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Impairm<span class=\"_ _2b\"></span>ents on loan com<span class=\"_ _2b\"></span>mitments rec<span class=\"_ _0\"></span>orded off t<span class=\"_ _2b\"></span>he statement<span class=\"_ _0\"></span> of</div>\n<div class=\"t m0 x1a h4f ycc4 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">financial p<span class=\"_ _2\"></span>osition are classi<span class=\"_ _2\"></span>fied under \u2018provision<span class=\"_ _2\"></span>s\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc5 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc6 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When a spec<span class=\"_ _0\"></span>ific loan is i<span class=\"_ _0\"></span>dentifi<span class=\"_ _0\"></span>ed as uncol<span class=\"_ _0\"></span>lectibl<span class=\"_ _2b\"></span>e and a<span class=\"lse2 wsfa\">ll <span class=\"_ _2\"></span>legal and </span></div>\n<div class=\"t m0 x1a h4f ycc7 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">proced<span class=\"_ _0\"></span>ural acti<span class=\"_ _0\"></span>ons have be<span class=\"_ _0\"></span>en exhaus<span class=\"_ _0\"></span>ted, the lo<span class=\"_ _0\"></span>an is writt<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">off agains<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f ycc8 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the related charg<span class=\"_ _2\"></span>e for impairment; subsequen<span class=\"_ _2\"></span>t recoveries are credited to<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f ycc9 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">change i<span class=\"_ _0\"></span>n impai<span class=\"_ _0\"></span>rment in t<span class=\"_ _2b\"></span>he income stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 425px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 603px; width: 354px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 193px; width: 354px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yb31 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9cc ffd4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.9 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Reins<span class=\"_ _2\"></span>urance and</span> <span class=\"lse0 wsf0\">other receiva<span class=\"_ _0\"></span>bles<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 y99d ffd6 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y99e ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas assumes<span class=\"_ _2\"></span> and/or cedes r<span class=\"_ _2\"></span>einsurance in the<span class=\"_ _2\"></span> normal course o<span class=\"_ _2\"></span>f</div>\n<div class=\"t m0 x1a h4f y99f ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span>. Reins<span class=\"_ _0\"></span>urance rec<span class=\"_ _2b\"></span>eivables princi<span class=\"_ _2b\"></span>pally include bal<span class=\"_ _0\"></span>ances due</div>\n<div class=\"t m0 x1a h4f y9a0 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">from both i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>and re<span class=\"_ _0\"></span>insura<span class=\"_ _0\"></span>nce comp<span class=\"_ _0\"></span>anies for c<span class=\"_ _0\"></span>eded insur<span class=\"_ _0\"></span>ance</div>\n<div class=\"t m0 x1a h4f y9a1 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities.<span class=\"_ _2\"></span> Amounts recoverable <span class=\"_ _2\"></span>from or due to<span class=\"_ _2\"></span> reinsurers <span class=\"lse0 wsf0\">are estimat<span class=\"_ _0\"></span>ed </span></div>\n<div class=\"t m0 x1a h4f y9a2 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in a man<span class=\"_ _0\"></span>ner cons<span class=\"_ _0\"></span>istent w<span class=\"_ _2b\"></span>ith the amount<span class=\"_ _0\"></span>s assoc<span class=\"_ _0\"></span>iated w<span class=\"_ _0\"></span>ith th<span class=\"_ _0\"></span>e reinsu<span class=\"_ _0\"></span>red</div>\n<div class=\"t m0 x1a h4f ycca ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span> and in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h the reins<span class=\"_ _0\"></span>urance co<span class=\"_ _0\"></span>ntract.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yccb ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yccc ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Reinsurance i<span class=\"_ _2\"></span>s presented on the statement<span class=\"_ _2\"></span> of financial position on a</div>\n<div class=\"t m0 x1a h4f yccd ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">gross bas<span class=\"_ _2b\"></span>is<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span><span class=\"wsf0\">unles<span class=\"_ _0\"></span>s a right to offs<span class=\"_ _2b\"></span>et exist<span class=\"lse1\">s.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 298px; height: 808px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other rece<span class=\"_ _2b\"></span>ivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Other re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _2b\"></span>es arising from<span class=\"_ _0\"></span> the no<span class=\"_ _0\"></span>rmal cou<span class=\"_ _0\"></span>rse of bus<span class=\"_ _2b\"></span>iness and</div>\n<div class=\"t m0 x7 h4f y804 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">origin<span class=\"_ _0\"></span>ated by Agea<span class=\"_ _0\"></span>s are initia<span class=\"_ _0\"></span>lly reco<span class=\"_ _0\"></span>rded at fair v<span class=\"_ _0\"></span>alue and sub<span class=\"_ _0\"></span>sequent<span class=\"_ _2b\"></span>ly</div>\n<div class=\"t m0 x7 h4f y805 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at amort<span class=\"_ _0\"></span>ised cost us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _2b\"></span>ective interest met<span class=\"_ _2b\"></span>hod,<span class=\"ls0 ws0\"> </span><span class=\"lse1\">less </span></div>\n<div class=\"t m0 x7 h4f y806 ffd8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ents.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 83px; width: 346px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f yc7b ffd8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.10<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span>Deferred<span class=\"_ _2\"></span> acquisition<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse1 ws11d\">costs (DAC)</span> </span></div>\n<div class=\"t m0 x7 h55 yc7c ffda fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7d ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The costs of<span class=\"_ _0\"></span> new and rene<span class=\"_ _2b\"></span>wed insurance bus<span class=\"_ _0\"></span>iness, al<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>of whic<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>var<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x7 h4f yc7e ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with and pri<span class=\"_ _2b\"></span>marily are related t<span class=\"_ _0\"></span>o the produc<span class=\"_ _0\"></span>tion of new<span class=\"_ _0\"></span> business<span class=\"_ _0\"></span>, are</div>\n<div class=\"t m0 x7 h4f yc7f ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deferre<span class=\"_ _0\"></span>d and amort<span class=\"_ _2b\"></span>ised, resulting in <span class=\"ls0 ws0\">d<span class=\"lse2 wsf1\">eferred </span>a<span class=\"lsfb wsfa\">cqu<span class=\"_ _2\"></span>is<span class=\"ls106 ws124\">ition </span></span>c<span class=\"lsf4 ws114\">osts (DAC). </span></span></div>\n<div class=\"t m0 x7 h4f yc80 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">DAC princ<span class=\"_ _0\"></span>ipally in<span class=\"_ _0\"></span>cludes c<span class=\"_ _0\"></span>ommiss<span class=\"_ _0\"></span>ions, und<span class=\"_ _0\"></span>erwriti<span class=\"_ _0\"></span>ng, agenc<span class=\"_ _0\"></span>y and policy<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yc81 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issue exp<span class=\"_ _0\"></span>enses. The m<span class=\"_ _2b\"></span>ethod for amortisat<span class=\"_ _2b\"></span>ion is based on expect<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f yc82 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earned pre<span class=\"_ _2b\"></span>mium or estimated g<span class=\"_ _2b\"></span>ross profit margin<span class=\"_ _0\"></span>s. DAC are per<span class=\"_ _2b\"></span>iodically</div>\n<div class=\"t m0 x7 h4f yc83 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reviewe<span class=\"_ _2b\"></span>d to ensure thei<span class=\"_ _2b\"></span>r recove<span class=\"lse2 ws103\">rability based on es<span class=\"_ _2\"></span>timates of future </span></div>\n<div class=\"t m0 x7 h4f yc84 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">profits of<span class=\"_ _0\"></span> the under<span class=\"_ _0\"></span>lying cont<span class=\"_ _0\"></span>racts. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yccf ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in pr<span class=\"_ _0\"></span>oportio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>to ant<span class=\"_ _2b\"></span>icipated premiu<span class=\"_ _0\"></span>ms<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycd0 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For life ins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment <span class=\"lse2 wsf1\">products<span class=\"wsfa\">, both wit<span class=\"_ _2\"></span>hout Discretionary </span></span></div>\n<div class=\"t m0 x7 h4f ycd1 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span>eatures, DAC<span class=\"_ _0\"></span> is amort<span class=\"_ _2b\"></span>ised in proport<span class=\"_ _2b\"></span>ion to <span class=\"wsf0\">the antic<span class=\"_ _0\"></span>ipated </span></div>\n<div class=\"t m0 x7 h4f ycd2 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms. Assum<span class=\"_ _0\"></span>ptions as t<span class=\"_ _0\"></span>o anticipa<span class=\"_ _2b\"></span>ted premiums are est<span class=\"_ _2b\"></span>imated at the</div>\n<div class=\"t m0 x7 h4f ycd3 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of pol<span class=\"_ _0\"></span>icy issuanc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d are consis<span class=\"_ _2b\"></span>tently applied du<span class=\"_ _0\"></span>ring the lif<span class=\"_ _0\"></span>e of the</div>\n<div class=\"t m0 x7 h4f y9a4 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s. Deviations f<span class=\"_ _0\"></span>rom estim<span class=\"_ _0\"></span>ated exper<span class=\"_ _2b\"></span>ience are reflect<span class=\"_ _0\"></span>ed in the</div>\n<div class=\"t m0 x7 h4f y9a5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement in the peri<span class=\"_ _0\"></span>od such devi<span class=\"_ _0\"></span>ations oc<span class=\"_ _0\"></span>cur. For thes<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y9a6 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts, DAC i<span class=\"_ _2\"></span>s generally amortised for<span class=\"_ _2\"></span> the total life of the policy.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ycd4 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in lin<span class=\"_ _2b\"></span>e with Estimated Gr<span class=\"_ _2b\"></span>oss Profit (EGP) m<span class=\"_ _0\"></span>argin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycd5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For life ins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">products<span class=\"wsfa\">, both wi<span class=\"_ _2\"></span>th Discretionary </span></span></span></div>\n<div class=\"t m0 x7 h4f ycd6 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">ea<span class=\"_ _2\"></span>tures, DAC is amortised over the<span class=\"_ _2\"></span> expected life of the </span></div>\n<div class=\"t m0 x7 h4f ycd7 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>bas<span class=\"_ _2b\"></span>ed on the present val<span class=\"_ _0\"></span>ue of the estim<span class=\"_ _0\"></span>ated gross<span class=\"_ _0\"></span> profit</div>\n<div class=\"t m0 x7 h4f ycd8 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">margin or p<span class=\"_ _0\"></span>rofit amou<span class=\"_ _0\"></span>nts using t<span class=\"_ _0\"></span>he expect<span class=\"_ _0\"></span>ed invest<span class=\"_ _0\"></span>ment yie<span class=\"_ _0\"></span>ld. Estim<span class=\"_ _2b\"></span>ated</div>\n<div class=\"t m0 x7 h4f ycd9 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">gross profit<span class=\"_ _2\"></span> margin includes anticipated<span class=\"_ _2\"></span> premiums and investm<span class=\"lse0 wsf0\">ent result </span></div>\n<div class=\"t m0 x7 h4f ycda ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">less benef<span class=\"_ _0\"></span>its and adm<span class=\"_ _0\"></span>inistr<span class=\"_ _0\"></span>ative exp<span class=\"_ _0\"></span>enses, ch<span class=\"_ _2b\"></span>anges in the net level</div>\n<div class=\"t m0 x7 h4f ycdb ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">premium reserv<span class=\"_ _2\"></span>e and expected policyholder<span class=\"_ _2\"></span> dividend, as appropriate.</div>\n<div class=\"t m0 x7 h4f ycdc ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deviations of ac<span class=\"_ _2\"></span>tual results from estimated<span class=\"_ _2\"></span> experience are reflected in<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yc86 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement in t<span class=\"_ _2b\"></span>he period in<span class=\"ls0 ws0\"> </span>whic<span class=\"_ _2b\"></span>h such deviati<span class=\"_ _0\"></span>ons occ<span class=\"_ _0\"></span>ur. DAC</div>\n<div class=\"t m0 x7 h4f yc87 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is adjuste<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r the amortis<span class=\"_ _0\"></span>ation eff<span class=\"_ _2b\"></span>ect of unrealised g<span class=\"_ _0\"></span>ains (loss<span class=\"_ _0\"></span>es)</div>\n<div class=\"t m0 x7 h4f yc88 ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recorded i<span class=\"_ _2\"></span>n equity as if t<span class=\"_ _2\"></span>hey were realised w<span class=\"_ _2\"></span>ith the related <span class=\"_ _2\"></span>adjustment to</div>\n<div class=\"t m0 x7 h4f yc89 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unreal<span class=\"_ _0\"></span>ised gains (<span class=\"_ _0\"></span>losses<span class=\"_ _0\"></span>) in equity.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ycdd ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in lin<span class=\"_ _2b\"></span>e with earned premi<span class=\"_ _0\"></span>ums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycde ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For short d<span class=\"_ _0\"></span>uration c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s, DAC is amo<span class=\"_ _0\"></span>rtised ov<span class=\"_ _0\"></span>er the perio<span class=\"_ _0\"></span>d in which</div>\n<div class=\"t m0 x7 h4f ycdf ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the related pre<span class=\"_ _2\"></span>miums written are earned. Fu<span class=\"_ _2\"></span>ture investment income is</div>\n<div class=\"t m0 x7 h4f yce0 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>red (at a risk<span class=\"ls0 ws0\">-</span>free rate of ret<span class=\"_ _2b\"></span>urn) in assessin<span class=\"_ _0\"></span>g the recov<span class=\"_ _0\"></span>erabili<span class=\"_ _0\"></span>ty</div>\n<div class=\"t m0 x7 h4f yce1 ffd8 fs3a fc14 sc0 lsfa ws11e\" style=\"z-index: 15;\">of DAC.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yce2 ffda fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation i<span class=\"_ _0\"></span>n line wit<span class=\"_ _2b\"></span>h <span class=\"lse2\">rel<span class=\"_ _2\"></span>ated revenues of<span class=\"_ _2\"></span> service provided<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yce3 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Some inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>hout Di<span class=\"_ _2b\"></span>scretionary P<span class=\"_ _0\"></span>artici<span class=\"_ _0\"></span>pation F<span class=\"_ _0\"></span>eatures<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yce4 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issued by in<span class=\"_ _0\"></span>suranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>ities inv<span class=\"_ _0\"></span>olve both<span class=\"_ _0\"></span> the origin<span class=\"_ _0\"></span>ation of a fi<span class=\"_ _0\"></span>nancial</div>\n<div class=\"t m0 x1a h4f yce5 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent and t<span class=\"_ _2b\"></span>he provision <span class=\"_ _0\"></span>of invest<span class=\"_ _2b\"></span>ment managem<span class=\"_ _0\"></span>ent servi<span class=\"_ _0\"></span>ces.</div>\n<div class=\"t m0 x1a h4f yce6 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Where clear<span class=\"lse0 wsfa\">ly identifia<span class=\"_ _2b\"></span>ble, the increm<span class=\"_ _2b\"></span>ental costs r<span class=\"_ _0\"></span>elating<span class=\"_ _0\"></span> to the ri<span class=\"_ _0\"></span>ght to </span></div>\n<div class=\"t m0 x1a h4f yce7 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt management se<span class=\"_ _0\"></span>rvices a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised as an asset<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yce8 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are amo<span class=\"_ _0\"></span>rtised as the r<span class=\"_ _2b\"></span>elated revenues a<span class=\"_ _2b\"></span>re recognised. Th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>relat<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f yce9 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset is tested fo<span class=\"_ _0\"></span>r recover<span class=\"_ _2b\"></span>ability at each rep<span class=\"_ _0\"></span>orting dat<span class=\"_ _0\"></span>e. Fee</div>\n<div class=\"t m0 x1a h4f ycea ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">charges fo<span class=\"_ _2\"></span>r managing investment<span class=\"_ _2\"></span>s on these con<span class=\"_ _2\"></span>tracts are recognised<span class=\"_ _2\"></span> as</div>\n<div class=\"t m0 x1a h4f yceb ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">revenue as the<span class=\"_ _2\"></span> services are provided.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 89px; width: 351px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 687px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 94px; width: 351px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 692px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 99px; width: 351px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 697px; width: 351px; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x1a h4f ycec ffd8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.11 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"ls102 ws11d\">Liabilities </span></span>ari<span class=\"_ _2\"></span>sing<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">from (re)ins<span class=\"_ _2\"></span>urance and investmen<span class=\"_ _2\"></span>t contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yced ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The liab<span class=\"_ _0\"></span>ilities <span class=\"_ _0\"></span>arisin<span class=\"_ _0\"></span>g from (r<span class=\"_ _2b\"></span>e)insurance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _2b\"></span>ment <span class=\"wsf0\">contract<span class=\"_ _0\"></span>s relat<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x1a h4f ycee ffd8 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycef ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x1a h4f ycf0 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse2 ws103\">R<span class=\"_ _2\"></span>einsurance contracts</span><span class=\"ffd8\">; </span></span></div>\n<div class=\"t m0 x1a h4f ycf1 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts with Dis<span class=\"_ _2b\"></span>cretionary Pa<span class=\"_ _2b\"></span>rticipation Fe<span class=\"_ _0\"></span>atures </span></span></div>\n<div class=\"t m0 x6c h4f ycf2 ffd8 fs3a fc14 sc0 ls105 ws120\" style=\"z-index: 15;\">(DPF)<span class=\"_ _2\"></span><span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f ycf3 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts witho<span class=\"_ _0\"></span>ut DPF.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 ycf4 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication of<span class=\"_ _0\"></span> contract<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycf5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Policy<span class=\"_ _0\"></span>holder lia<span class=\"_ _2b\"></span>bilities are class<span class=\"_ _2b\"></span>ified based on the <span class=\"lse2 wsfa\">underlying insurance </span></div>\n<div class=\"t m0 x1a h4f ycf6 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> featur<span class=\"_ _2b\"></span>es and the speci<span class=\"_ _0\"></span>fied r<span class=\"_ _0\"></span>isks of t<span class=\"_ _0\"></span>hese cont<span class=\"_ _2b\"></span>racts:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycf7 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span> are thos<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts in w<span class=\"_ _0\"></span>hich Ag<span class=\"_ _0\"></span>eas has </span></span></div>\n<div class=\"t m0 x6c h4f ycf8 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">accepted signi<span class=\"_ _2\"></span>ficant insurance risk from<span class=\"_ _2\"></span> another party (the</div>\n<div class=\"t m0 x6c h4f ycf9 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">policyholder)<span class=\"_ _2\"></span> by agreeing to compensate the<span class=\"_ _2\"></span> policyhold<span class=\"lse0 wsf0\">er if a </span></div>\n<div class=\"t m0 x6c h4f ycfa ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">specifi<span class=\"_ _0\"></span>ed uncert<span class=\"_ _0\"></span>ain fut<span class=\"_ _0\"></span>ure event (t<span class=\"_ _0\"></span>he insure<span class=\"_ _0\"></span>d event) adv<span class=\"_ _2b\"></span>ersely</div>\n<div class=\"t m0 x6c h4f ycfb ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">affects t<span class=\"_ _2b\"></span>he policyhold<span class=\"_ _2b\"></span>er. Insurance <span class=\"_ _0\"></span>risk is s<span class=\"_ _0\"></span>ignifi<span class=\"_ _0\"></span>cant if, a<span class=\"_ _2b\"></span>nd only if,</div>\n<div class=\"t m0 x6c h4f ycfc ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an insure<span class=\"_ _0\"></span>d event cou<span class=\"_ _0\"></span>ld cause an i<span class=\"_ _0\"></span>nsurer to pa<span class=\"_ _0\"></span>y signific<span class=\"_ _2b\"></span>ant additiona<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x6c h4f ycfd ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefits in any<span class=\"_ _2\"></span> scenario, excluding scenar<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">ios t<span class=\"_ _2b\"></span>hat lack comm<span class=\"_ _2b\"></span>ercial </span></div>\n<div class=\"t m0 x6c h4f ycfe ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">substan<span class=\"_ _0\"></span>ce (i.e. hav<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>no di<span class=\"_ _0\"></span>scernib<span class=\"_ _0\"></span>le effect on t<span class=\"_ _0\"></span>he econo<span class=\"_ _0\"></span>mics of the</div>\n<div class=\"t m0 x6c h4f ycff ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion). Insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts ca<span class=\"_ _0\"></span>n also t<span class=\"_ _0\"></span>ransfer f<span class=\"_ _2b\"></span>inancial risk<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd00 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts (with o<span class=\"_ _0\"></span>r without<span class=\"_ _0\"></span> DPF) a<span class=\"_ _0\"></span>re those c<span class=\"_ _2b\"></span>ontracts that<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x6c h4f yd01 ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">transfer si<span class=\"_ _2\"></span>gnificant financi<span class=\"ws103\">al ri<span class=\"_ _2\"></span>sk. Financial risk is the ri<span class=\"_ _2\"></span>sk of a </span></div>\n<div class=\"t m0 x6c h4f yd02 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">possibl<span class=\"_ _0\"></span>e future ch<span class=\"_ _0\"></span>ange in one or m<span class=\"_ _0\"></span>ore of a spec<span class=\"_ _0\"></span>ified int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>e,</div>\n<div class=\"t m0 x6c h4f yd03 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>strument price, commodity pri<span class=\"_ _2\"></span>ce, foreign exchange rate<span class=\"_ _2\"></span>,</div>\n<div class=\"t m0 x6c h4f yd04 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">index of price or<span class=\"_ _2\"></span> rates, credit<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">rating or credit<span class=\"_ _0\"></span> index or oth<span class=\"_ _2b\"></span>er variable, </span></span></div>\n<div class=\"t m0 x6c h4f yd05 ffd8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provi<span class=\"wsfa\">di<span class=\"_ _0\"></span>ng in the <span class=\"_ _0\"></span>case of a<span class=\"_ _0\"></span> non<span class=\"ls0 ws0\">-</span>financ<span class=\"_ _2b\"></span>ial variable t<span class=\"_ _0\"></span>hat the <span class=\"_ _0\"></span>variabl<span class=\"_ _0\"></span>e is </span></div>\n<div class=\"t m0 x6c h4f yd06 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not spec<span class=\"_ _0\"></span>ific to a <span class=\"_ _2b\"></span>party of the co<span class=\"_ _2b\"></span>ntract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd07 ffd8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd08 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Once a co<span class=\"_ _0\"></span>ntract <span class=\"_ _2b\"></span>has been classif<span class=\"_ _0\"></span>ied as a<span class=\"_ _0\"></span>n insura<span class=\"_ _0\"></span>nce co<span class=\"_ _0\"></span>ntract, i<span class=\"_ _0\"></span>t rema<span class=\"_ _0\"></span>ins</div>\n<div class=\"t m0 x1a h4f yd09 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act for the re<span class=\"_ _0\"></span>maind<span class=\"_ _0\"></span>er of its lifeti<span class=\"_ _2b\"></span>me, even if the</div>\n<div class=\"t m0 x1a h4f y8c6 ffd8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">insura<span class=\"wsfa\">nce ri<span class=\"_ _2\"></span>sk reduce<span class=\"ls0 ws0\">d <span class=\"lse0 wsf0\">significantly<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>duri<span class=\"_ _2b\"></span>ng this period, unl<span class=\"_ _0\"></span>ess all right<span class=\"_ _0\"></span>s </span></span></span></div>\n<div class=\"t m0 x1a h4f yd0a ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and oblig<span class=\"_ _0\"></span>ations ar<span class=\"_ _2b\"></span>e extinguished or ex<span class=\"_ _2b\"></span>pired. Investm<span class=\"_ _0\"></span>ent contr<span class=\"_ _0\"></span>acts can,</div>\n<div class=\"t m0 x1a h4f yd0b ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">however,<span class=\"_ _0\"></span> be reclas<span class=\"_ _2b\"></span>sified as insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>racts aft<span class=\"_ _2b\"></span>er inception if</div>\n<div class=\"t m0 x1a h4f yd0c ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce risk bec<span class=\"_ _2b\"></span>omes significant<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd0d ffd8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd0e ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts, r<span class=\"_ _2b\"></span>einsurance co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> and inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> contr<span class=\"_ _0\"></span>acts</div>\n<div class=\"t m0 x1a h4f yd0f ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">with DP<span class=\"_ _0\"></span>F are acc<span class=\"_ _2b\"></span>ounted for in a<span class=\"_ _0\"></span>ccordan<span class=\"_ _2b\"></span>ce to IFRS 4. I<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ent</div>\n<div class=\"t m0 x1a h4f yd10 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s that do not tr<span class=\"_ _0\"></span>ansfer s<span class=\"_ _0\"></span>ignific<span class=\"_ _2b\"></span>ant insurance <span class=\"_ _2b\"></span>risk are account<span class=\"_ _2b\"></span>ed for</div>\n<div class=\"t m0 x1a h4f yd11 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in accor<span class=\"_ _2b\"></span>dance to IAS 39.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 347px; height: 634px; width: 351px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 314px; height: 792px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 314px; height: 792px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 314px; height: 792px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffdd fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Lif<span class=\"lse2 wsfa\">e insurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h55 yd13 ffdf fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Future pol<span class=\"_ _2b\"></span>icy benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd14 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For Life ins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s, futur<span class=\"_ _0\"></span>e policy benef<span class=\"_ _2b\"></span>it liabilities are</div>\n<div class=\"t m0 x7 h4f yd15 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">calcul<span class=\"_ _0\"></span>ated usin<span class=\"_ _0\"></span>g a net l<span class=\"_ _0\"></span>evel pre<span class=\"_ _0\"></span>mium met<span class=\"_ _2b\"></span>hod (i.e. pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of fut<span class=\"_ _2b\"></span>ure</div>\n<div class=\"t m0 x7 h4f yd16 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">net cash fl<span class=\"_ _0\"></span>ows) base<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>on act<span class=\"_ _0\"></span>uarial as<span class=\"_ _2b\"></span>sumptions as deter<span class=\"_ _2b\"></span>mined by</div>\n<div class=\"t m0 x7 h4f yc7b ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">histori<span class=\"_ _0\"></span>cal expe<span class=\"lse2 wsfa\">rience and industry <span class=\"_ _2\"></span>standards. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yd17 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yd18 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipating p<span class=\"_ _0\"></span>olicies inc<span class=\"_ _0\"></span>lude any ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>nal liabili<span class=\"_ _0\"></span>ties<span class=\"ls0 ws0\">, </span><span class=\"wsfa\">reflect<span class=\"_ _0\"></span>ing any </span></div>\n<div class=\"t m0 x7 h4f yd19 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>ual dividends or ot<span class=\"_ _2b\"></span>her participati<span class=\"_ _0\"></span>on featu<span class=\"_ _0\"></span>res. For some</div>\n<div class=\"t m0 x7 h4f y8cd ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">designated cont<span class=\"_ _2\"></span>racts, the future policy bene<span class=\"_ _2\"></span>fit liabilities have been<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y8ce ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">remeasured t<span class=\"_ _2\"></span>o r<span class=\"lse0\">eflect c<span class=\"_ _2b\"></span>urrent market<span class=\"_ _0\"></span> intere<span class=\"_ _0\"></span>st rates<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y882 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y883 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">part<span class=\"_ _0\"></span>icipat<span class=\"_ _0\"></span>ing insur<span class=\"_ _0\"></span>ance and i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> are primar<span class=\"_ _0\"></span>ily </span></span></div>\n<div class=\"t m0 x7 h4f y884 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">unit<span class=\"ls0 ws0\">-</span><span class=\"ws103\">link<span class=\"_ _2\"></span>ed contracts where Ageas hold<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">the invest<span class=\"_ _2b\"></span>ments on behalf of </span></span></span></div>\n<div class=\"t m0 x7 h4f y885 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the polic<span class=\"_ _0\"></span>yhold<span class=\"_ _0\"></span>er and m<span class=\"_ _0\"></span>easures t<span class=\"_ _2b\"></span>hose investme<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e. Treas<span class=\"_ _0\"></span>ury</div>\n<div class=\"t m0 x7 h4f y886 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">share<span class=\"lse0 wsf0\">s on behalf of pol<span class=\"_ _0\"></span>icyhol<span class=\"_ _0\"></span>ders are el<span class=\"_ _0\"></span>iminate<span class=\"_ _0\"></span>d. Unit<span class=\"ls0 ws0\">-<span class=\"lse1 ws104\">linked contracts </span></span></span></div>\n<div class=\"t m0 x7 h4f y8cf ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are a specif<span class=\"_ _0\"></span>ic type of Lif<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ins<span class=\"_ _0\"></span>urance cont<span class=\"_ _2b\"></span>racts governe<span class=\"_ _0\"></span>d by Articl<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>25 of</div>\n<div class=\"t m0 x7 h4f y8d0 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EU Direc<span class=\"_ _0\"></span>tive 20<span class=\"_ _2b\"></span>02/83/EC. Th<span class=\"_ _0\"></span>e benefit<span class=\"_ _2b\"></span>s of those cont<span class=\"_ _0\"></span>racts a<span class=\"_ _2b\"></span>re linked to</div>\n<div class=\"t m0 x7 h4f y8d1 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">UCITS (\u2018U<span class=\"_ _2b\"></span>ndertakings for Co<span class=\"_ _2b\"></span>llective Invest<span class=\"_ _2b\"></span>ment in Transfera<span class=\"_ _0\"></span>ble</div>\n<div class=\"t m0 x7 h4f y8d2 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies\u2019), a sh<span class=\"_ _0\"></span>are basket<span class=\"_ _0\"></span> or a referen<span class=\"_ _0\"></span>ce value, o<span class=\"_ _0\"></span>r to a combinat<span class=\"_ _2b\"></span>ion of</div>\n<div class=\"t m0 x7 h4f y8d3 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">these val<span class=\"_ _0\"></span>ues or unit<span class=\"_ _0\"></span>s, as laid dow<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>in the co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>. The liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> of unit<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f yb28 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">linked c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at unit<span class=\"_ _2b\"></span> value (i.e. fai<span class=\"_ _2b\"></span>r value of the f<span class=\"_ _0\"></span>und in</div>\n<div class=\"t m0 x7 h4f yb29 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">which the<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">un<span class=\"_ _2\"></span>it<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linke<span class=\"_ _0\"></span>d contrac<span class=\"_ _0\"></span>ts are i<span class=\"_ _2b\"></span>nvested divid<span class=\"_ _0\"></span>ed by the n<span class=\"_ _0\"></span>umber <span class=\"_ _0\"></span>of </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2a ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">units of t<span class=\"_ _2b\"></span>he fund), wit<span class=\"_ _0\"></span>h chang<span class=\"_ _0\"></span>es in fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he income</div>\n<div class=\"t m0 x7 h4f yb2b ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt. Fair value is nev<span class=\"_ _0\"></span>er less than t<span class=\"_ _0\"></span>he amount<span class=\"_ _0\"></span> payable on</div>\n<div class=\"t m0 x7 h4f yb2c ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">surrend<span class=\"_ _0\"></span>er (if appli<span class=\"_ _2b\"></span>cable), disco<span class=\"_ _0\"></span>unted for th<span class=\"_ _0\"></span>e requir<span class=\"_ _0\"></span>ed notic<span class=\"lse2 wsfa\">e period where </span></div>\n<div class=\"t m0 x7 h4f yb2d ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">applicable.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y962 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y963 ffdd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Certain <span class=\"lse2 wsf1\">contract</span><span class=\"wsfa\">s cont<span class=\"_ _0\"></span>ain fin<span class=\"_ _0\"></span>ancial g<span class=\"_ _2b\"></span>uarantees, w<span class=\"_ _0\"></span>hich are a<span class=\"_ _2b\"></span>lso valued at </span></div>\n<div class=\"t m0 x7 h4f y964 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e and are incl<span class=\"_ _0\"></span>uded in lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s related to u<span class=\"_ _2b\"></span>nit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse1 ws104\">linke<span class=\"_ _0\"></span>d contracts, </span></span></div>\n<div class=\"t m0 x7 h4f y965 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">with the <span class=\"_ _0\"></span>change <span class=\"_ _0\"></span>in the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n the inc<span class=\"_ _2b\"></span>ome stateme<span class=\"_ _0\"></span>nt.</div>\n<div class=\"t m0 x7 h4f y966 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce risk<span class=\"_ _0\"></span>s are tak<span class=\"_ _2b\"></span>en into account<span class=\"_ _2b\"></span> based on the <span class=\"wsef\">act<span class=\"_ _2b\"></span>uarial </span></div>\n<div class=\"t m0 x7 h4f y967 ffdd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">assumpt<span class=\"_ _2b\"></span>ions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 78px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y968 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y969 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deposits and wi<span class=\"_ _2\"></span>thdrawals are recorded direc<span class=\"_ _2\"></span>tly in the statement of</div>\n<div class=\"t m0 x7 h4f y96a ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al posit<span class=\"_ _2b\"></span>ion as adjustm<span class=\"_ _2b\"></span>ents to the liab<span class=\"_ _0\"></span>ility, <span class=\"_ _0\"></span>without <span class=\"_ _0\"></span>affect<span class=\"_ _0\"></span>ing the</div>\n<div class=\"t m0 x7 h4f y96b ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y89c ffdf fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Minimum g<span class=\"_ _2b\"></span>uaranteed retur<span class=\"_ _0\"></span>ns<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89d ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For Life ins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s with <span class=\"lse2 wsfa\">minimum guaranteed<span class=\"_ _2\"></span> returns, the </span></div>\n<div class=\"t m0 x7 h4f y89e ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financ<span class=\"_ _0\"></span>e compon<span class=\"_ _0\"></span>ent is m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at amort<span class=\"_ _2b\"></span>ised cost. Add<span class=\"_ _2b\"></span>itional liabil<span class=\"_ _0\"></span>ities</div>\n<div class=\"t m0 x7 h4f y89f ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">have be<span class=\"_ _0\"></span>en set up t<span class=\"_ _2b\"></span>o reflect expec<span class=\"_ _0\"></span>ted lon<span class=\"_ _0\"></span>g<span class=\"ls0 ws0\">-</span>term int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>es. Th<span class=\"_ _0\"></span>ese</div>\n<div class=\"t m0 x7 h4f y8a0 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">additio<span class=\"_ _2b\"></span>nal liabilitie<span class=\"_ _0\"></span>s are ca<span class=\"_ _0\"></span>lculat<span class=\"_ _0\"></span>ed as the d<span class=\"_ _2b\"></span>ifference bet<span class=\"_ _0\"></span>ween th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y8a1 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value a<span class=\"lse2 ws103\">nd the carrying amount of the guara<span class=\"_ _2\"></span>nteed amounts.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y8a2 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a3 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">D<span class=\"lse0 wsf0\">uring the accu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ion period<span class=\"lsf4 ws0\">, t<span class=\"_ _0\"></span><span class=\"lse2 ws103\">he liabilities rel<span class=\"_ _2\"></span>ating to annuity policie<span class=\"_ _2\"></span>s </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2e ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are equal<span class=\"_ _0\"></span> to accumul<span class=\"_ _0\"></span>ated polic<span class=\"_ _0\"></span>yhold<span class=\"_ _0\"></span>er balanc<span class=\"_ _0\"></span>es. Afte<span class=\"_ _0\"></span>r the accum<span class=\"_ _0\"></span>ulation</div>\n<div class=\"t m0 x7 h4f yb2f ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">period, the li<span class=\"_ _2\"></span>abilities are equal to the<span class=\"_ _2\"></span> present value of<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">expected f<span class=\"_ _0\"></span>uture </span></span></div>\n<div class=\"t m0 x7 h4f yb30 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">payments. Changes<span class=\"_ _2\"></span> in mortality tables tha<span class=\"_ _2\"></span>t occurred in previous years<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yb31 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are fully<span class=\"_ _0\"></span> reflect<span class=\"_ _2b\"></span>ed in these lia<span class=\"_ _2b\"></span>bilities.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y977 ffdf fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Discretionary<span class=\"_ _2\"></span> Participation Fea<span class=\"_ _2\"></span>tures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y978 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Most Life insuran<span class=\"_ _2\"></span>ce or investment contrac<span class=\"_ _2\"></span>ts contain a guaranteed</div>\n<div class=\"t m0 x1a h4f y979 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>. Some of<span class=\"_ _0\"></span> those c<span class=\"_ _2b\"></span>o<span class=\"wsf0\">ntracts may also c<span class=\"_ _0\"></span>ontain a Dis<span class=\"_ _0\"></span>cretion<span class=\"_ _2b\"></span>ary </span></div>\n<div class=\"t m0 x1a h4f y97a ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span>eature (DPF)<span class=\"_ _0\"></span>. This fe<span class=\"_ _2b\"></span>ature entitle<span class=\"_ _0\"></span>s the hol<span class=\"_ _0\"></span>der of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y97b ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> to rec<span class=\"_ _0\"></span>eive, as <span class=\"_ _0\"></span>a supple<span class=\"_ _2b\"></span>ment to guara<span class=\"_ _0\"></span>nteed b<span class=\"_ _0\"></span>enefits,<span class=\"_ _0\"></span> additi<span class=\"_ _0\"></span>onal</div>\n<div class=\"t m0 x1a h4f y97c ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">benefits and<span class=\"_ _2\"></span> bonuses:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97d ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse0 wsfa\">That are likel<span class=\"_ _0\"></span>y to be a s<span class=\"_ _0\"></span>ignific<span class=\"_ _2b\"></span>ant portion of t<span class=\"_ _0\"></span>he t<span class=\"lse2 ws103\">otal contractual </span></span></span></div>\n<div class=\"t m0 x6c h4f yb32 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb33 ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse2 ws103\">W<span class=\"_ _2\"></span>hose amount or timing is cont<span class=\"_ _2\"></span>ractually at the discretion o<span class=\"_ _2\"></span>f Ageas;</span><span class=\"ffdd\"> </span></span></div>\n<div class=\"t m0 x1a h4f yb34 ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse0 wsf0\">That are contract<span class=\"_ _0\"></span>ually bas<span class=\"_ _0\"></span>ed on:<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x6c h4f yb35 ffe2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffe1\"> <span class=\"_ _a\"> </span><span class=\"ffdd lse0 wsf0\">The perf<span class=\"_ _2b\"></span>ormance of a specif<span class=\"_ _0\"></span>ied pool o<span class=\"_ _0\"></span>f contract<span class=\"_ _0\"></span>s or a specif<span class=\"_ _0\"></span>ied </span></span></div>\n<div class=\"t m0 x1e6 h4f yb36 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">type of c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yb37 ffe2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffe1\"> <span class=\"_ _a\"> </span><span class=\"ffdd lse0 wsfa\">Realis<span class=\"_ _2b\"></span>ed and/or un<span class=\"_ _0\"></span>realise<span class=\"_ _0\"></span>d invest<span class=\"_ _0\"></span>ment ret<span class=\"_ _0\"></span>urns <span class=\"wsf0\">on a sp<span class=\"_ _0\"></span>ecifie<span class=\"_ _0\"></span>d </span></span></span></div>\n<div class=\"t m0 x1e6 h4f yb38 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">pool of asse<span class=\"_ _2\"></span>ts held by Ageas;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yb39 ffe2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffe1\"> <span class=\"_ _a\"> </span><span class=\"ffdd lse0 wsf0\">The prof<span class=\"_ _2b\"></span>it or loss of Ageas, fun<span class=\"_ _0\"></span>d or other ent<span class=\"_ _0\"></span>ity that iss<span class=\"_ _2b\"></span>ued the </span></span></div>\n<div class=\"t m0 x1e6 h4f yb3a ffdd fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">contract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3b ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb3c ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For Life i<span class=\"_ _2b\"></span>nsurance cont<span class=\"_ _0\"></span>racts a<span class=\"_ _0\"></span>nd inve<span class=\"_ _0\"></span>stment c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s with D<span class=\"_ _0\"></span>PF, curr<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f yb3d ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy<span class=\"_ _0\"></span>holder ben<span class=\"_ _0\"></span>efits are ac<span class=\"_ _2b\"></span>crued based on the co<span class=\"_ _0\"></span>ntract<span class=\"_ _2b\"></span>ual amo<span class=\"lse2 ws103\">unt due </span></div>\n<div class=\"t m0 x1a h4f yb3e ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on st<span class=\"_ _0\"></span>atutory net<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome, rest<span class=\"_ _0\"></span>rictions<span class=\"_ _0\"></span> and payme<span class=\"_ _0\"></span>nt terms. Th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f yb3f ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">DPF component con<span class=\"_ _2\"></span>cerns a conditional promise<span class=\"_ _2\"></span> related to unrealised</div>\n<div class=\"t m0 x1a h4f yb40 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses. Th<span class=\"_ _0\"></span>is promis<span class=\"_ _0\"></span>e remains t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e part of the un<span class=\"_ _0\"></span>realise<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x1a h4f yb41 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses as<span class=\"_ _0\"></span> included in e<span class=\"_ _0\"></span>quity. On<span class=\"lse2 ws103\">ce the promise becomes </span></div>\n<div class=\"t m0 x1a h4f yb42 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unconditional<span class=\"_ _2\"></span>, the related amoun<span class=\"_ _2\"></span>t is transferred<span class=\"_ _2\"></span> to \u2018Liabilities ar<span class=\"_ _2\"></span>ising</div>\n<div class=\"t m0 x1a h4f yb43 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from Life<span class=\"_ _2\"></span> insurance contra<span class=\"_ _2\"></span>cts\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb44 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb45 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment cont<span class=\"_ _0\"></span>racts wi<span class=\"_ _0\"></span>thout D<span class=\"_ _2b\"></span>PF are initially<span class=\"_ _0\"></span> recog<span class=\"_ _0\"></span>nised at f<span class=\"_ _2b\"></span>air value</div>\n<div class=\"t m0 x1a h4f yb46 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are subs<span class=\"_ _2b\"></span>equently measur<span class=\"_ _2b\"></span>ed at amortised cos<span class=\"_ _0\"></span>t and rep<span class=\"lse2 ws103\">orted as a </span></div>\n<div class=\"t m0 x1a h4f yb47 ffdd fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">deposit lia<span class=\"_ _2\"></span>bility. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 ycc2 ffdf fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Embedd<span class=\"_ _0\"></span>ed derivat<span class=\"_ _2b\"></span>ives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc3 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Embedd<span class=\"_ _0\"></span>ed derivat<span class=\"_ _2b\"></span>ives not closely re<span class=\"_ _0\"></span>lated to th<span class=\"_ _0\"></span>e host cont<span class=\"_ _0\"></span>racts are</div>\n<div class=\"t m0 x1a h4f ycc4 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separated from<span class=\"_ _2\"></span> the host contracts and measured<span class=\"_ _2\"></span> at fair value through</div>\n<div class=\"t m0 x1a h4f ycc5 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">profit or lo<span class=\"_ _0\"></span>ss. Actu<span class=\"_ _0\"></span>arial ass<span class=\"_ _0\"></span>umption<span class=\"_ _0\"></span>s are revi<span class=\"_ _0\"></span>sed at each<span class=\"_ _0\"></span> reportin<span class=\"_ _0\"></span>g <span class=\"wsef\">date </span></div>\n<div class=\"t m0 x1a h4f ycc6 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with the res<span class=\"_ _2b\"></span>ulting impact rec<span class=\"_ _2b\"></span>ognised in the incom<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y9c9 ffdf fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Unbundling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9ca ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The depos<span class=\"_ _2b\"></span>it <span class=\"_ _2\"></span>com<span class=\"_ _2b\"></span>ponent of an insura<span class=\"_ _2b\"></span>nce contract is unb<span class=\"_ _0\"></span>undled w<span class=\"_ _0\"></span>hen</div>\n<div class=\"t m0 x1a h4f y9cb ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">both of the fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g conditi<span class=\"_ _0\"></span>ons are met<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cc ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse0 wsf0\">The deposit comp<span class=\"_ _0\"></span>onent (inc<span class=\"_ _2b\"></span>luding any embed<span class=\"_ _0\"></span>ded surr<span class=\"_ _0\"></span>ender </span></span></div>\n<div class=\"t m0 x6c h4f y9cd ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">options<span class=\"_ _0\"></span>) can be meas<span class=\"_ _2b\"></span>ured separately (i.<span class=\"_ _2b\"></span>e. without taking i<span class=\"_ _0\"></span>nto</div>\n<div class=\"t m0 x6c h4f y9ce ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account t<span class=\"_ _2b\"></span>he insuranc<span class=\"_ _0\"></span>e compon<span class=\"_ _0\"></span>ent)<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f y9cf ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas's <span class=\"wsfa\">accounting <span class=\"_ _2\"></span>policies do not<span class=\"_ _2\"></span> otherwise require <span class=\"_ _2\"></span>the recognition </span></span></span></div>\n<div class=\"t m0 x6c h4f y9d0 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of all obl<span class=\"_ _2\"></span>igations and righ<span class=\"_ _2\"></span>ts arising from t<span class=\"_ _2\"></span>he deposit componen<span class=\"_ _2\"></span>t.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9d1 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d2 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Currently, <span class=\"lse0 wsf0\">Ageas has recogni<span class=\"_ _0\"></span>sed all right<span class=\"_ _2b\"></span>s and obligation<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>rel<span class=\"_ _0\"></span>ated to </span></div>\n<div class=\"t m0 x1a h4f y9d3 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">issued insuran<span class=\"_ _2\"></span>ce contracts according to i<span class=\"_ _2\"></span>ts accounting policies. As a</div>\n<div class=\"t m0 x1a h4f y9d4 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">result, Agea<span class=\"_ _2\"></span>s has not recogni<span class=\"_ _2\"></span>sed an unbundled<span class=\"_ _2\"></span> deposit component i<span class=\"_ _2\"></span>n</div>\n<div class=\"t m0 x1a h4f y9d5 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect of<span class=\"_ _0\"></span> its insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 298px; height: 808px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffe3 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life insuranc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> </span></span></span></div>\n\n<div class=\"t m0 x7 h55 yd13 ffe5 fs3a fc1f sc0 ls102 ws11d\" style=\"z-index: 15;\">Claims<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd14 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Claims a<span class=\"_ _0\"></span>nd claim adj<span class=\"_ _0\"></span>ustment<span class=\"_ _0\"></span> expense<span class=\"_ _0\"></span>s are charge<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x7 h4f yd15 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt as incurred. Unpa<span class=\"_ _0\"></span>id claims an<span class=\"_ _0\"></span>d claim adj<span class=\"_ _2b\"></span>ustment expenses<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yd16 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es for report<span class=\"_ _2b\"></span>ed claims and provis<span class=\"_ _2b\"></span>ions for claims inc<span class=\"_ _0\"></span><span class=\"lse2 wsf1\">urred </span></div>\n<div class=\"t m0 x7 h4f yc7b ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">but not <span class=\"_ _0\"></span>reporte<span class=\"_ _0\"></span>d. The est<span class=\"_ _2b\"></span>imates for cl<span class=\"_ _0\"></span>aims inc<span class=\"_ _0\"></span>urred b<span class=\"_ _0\"></span>ut not re<span class=\"_ _0\"></span>ported <span class=\"_ _0\"></span>are</div>\n<div class=\"t m0 x7 h4f yd17 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">based on experienc<span class=\"_ _2\"></span>e, current claim trends<span class=\"_ _2\"></span> and the prevailing social,</div>\n<div class=\"t m0 x7 h4f yd18 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">economic and leg<span class=\"_ _2\"></span>al environments. The liabi<span class=\"_ _2\"></span>lity for Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life insura<span class=\"_ _0\"></span>nce </span></span></div>\n<div class=\"t m0 x7 h4f yd19 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">claims <span class=\"_ _0\"></span>and clai<span class=\"_ _0\"></span>m adjust<span class=\"_ _0\"></span>ment ex<span class=\"_ _0\"></span>penses i<span class=\"wsf0\">s<span class=\"_ _0\"></span> based on est<span class=\"_ _0\"></span>imates of </span></div>\n<div class=\"t m0 x7 h4f y8cd ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d losses (a<span class=\"_ _0\"></span>fter taki<span class=\"_ _0\"></span>ng into acc<span class=\"_ _0\"></span>ount reimb<span class=\"_ _2b\"></span>ursements, rec<span class=\"_ _0\"></span>overies<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y8ce ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">salvage and<span class=\"_ _2\"></span> subrogation), ref<span class=\"_ _2\"></span>lecting management\u2019s<span class=\"_ _2\"></span> judgement on</div>\n<div class=\"t m0 x7 h4f y882 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">anticip<span class=\"_ _0\"></span>ated lev<span class=\"_ _2b\"></span>els of inflatio<span class=\"_ _2b\"></span>n, claim handl<span class=\"_ _0\"></span>ing costs<span class=\"_ _0\"></span>, lega<span class=\"_ _0\"></span>l risks <span class=\"_ _0\"></span>and</div>\n<div class=\"t m0 x7 h4f y883 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">trends in co<span class=\"_ _0\"></span>mpensat<span class=\"_ _0\"></span>ory dama<span class=\"_ _0\"></span><span class=\"lse2 wsfa\">ge awards.<span class=\"_ _2\"></span> Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life liab<span class=\"_ _0\"></span>ilities f<span class=\"_ _0\"></span>or workers<span class=\"_ _2b\"></span>\u2019 </span></span></span></div>\n<div class=\"t m0 x7 h4f y884 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compensation bu<span class=\"_ _2\"></span>siness are presented at their<span class=\"_ _2\"></span> net present value. The</div>\n<div class=\"t m0 x7 h4f y885 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies establish<span class=\"_ _0\"></span>ed are a<span class=\"_ _0\"></span>dequat<span class=\"_ _0\"></span>e to cov<span class=\"_ _0\"></span>er the ult<span class=\"_ _2b\"></span>imate cost of c<span class=\"_ _0\"></span>laims</div>\n<div class=\"t m0 x7 h4f y886 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and claim ad<span class=\"_ _2b\"></span>justment expens<span class=\"_ _2b\"></span>es. Resulting adjus<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s are recor<span class=\"_ _0\"></span>ded in</div>\n<div class=\"t m0 x7 h4f y8cf ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement. <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d0 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d1 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not disco<span class=\"_ _2b\"></span>unt its liabiliti<span class=\"_ _0\"></span>es for claims<span class=\"_ _0\"></span> other tha<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>cla<span class=\"_ _0\"></span>ims with</div>\n<div class=\"t m0 x7 h4f y8d2 ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">determinable<span class=\"_ _2\"></span> and period payment<span class=\"_ _2\"></span> terms.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 772px; height: 298px; width: 347px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h55 y88b ffe5 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Liability <span class=\"_ _2\"></span>Adequacy Test<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88c ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas perf<span class=\"_ _2b\"></span>orms <span class=\"wsef\">a <span class=\"wsfa\">Liability Ad<span class=\"_ _2b\"></span>equacy Tests (<span class=\"_ _2b\"></span>LAT) at each re<span class=\"_ _0\"></span>porting </span></span></div>\n<div class=\"t m0 x7 h4f y88d ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">period t<span class=\"_ _0\"></span>o ensur<span class=\"_ _0\"></span>e that t<span class=\"_ _2b\"></span>he rep<span class=\"wsf0\">orted ins<span class=\"_ _0\"></span>urance li<span class=\"_ _0\"></span>abilities<span class=\"_ _0\"></span> are adequ<span class=\"_ _0\"></span>ate.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88e ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y88f ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A separ<span class=\"_ _0\"></span>ate test<span class=\"_ _0\"></span> is perfo<span class=\"_ _2b\"></span>rmed for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y890 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 ls106 ws10c\">Life liabilities and h<span class=\"_ _0\"></span>ealth simil<span class=\"_ _0\"></span>ar<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">life liabilities, in<span class=\"_ _2\"></span>cluding annuities </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y891 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">stemming from<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-<span class=\"ls106 ws124\">life <span class=\"ls102 ws11d\">liabili<span class=\"_ _2\"></span>ties<span class=\"lsf4 ws10c\">; </span></span></span> </span></span></div>\n<div class=\"t m0 x7 h4f y892 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsf0\">(Unearned) pre<span class=\"_ _0\"></span>mium res<span class=\"_ _0\"></span>erves stem<span class=\"_ _2b\"></span>ming from <span class=\"ls0 ws0\">N</span><span class=\"wsef\">on<span class=\"ls0 ws0\">-<span class=\"ls106 ws124\">life <span class=\"ls102 ws11d\">liabil<span class=\"_ _2\"></span>ities</span></span> </span>and </span></span></span></div>\n<div class=\"t m0 x43 h4f y893 ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">health non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls102 ws11d\">similar</span>-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"ls106 ws124\">life <span class=\"ls102 ws11d\">liabilitie<span class=\"_ _2\"></span>s;</span></span> </span><span class=\"wsf1\">and<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y894 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsfa\">Claim provis<span class=\"_ _0\"></span>ions stem<span class=\"_ _0\"></span>ming fro<span class=\"_ _2b\"></span>m <span class=\"ls0 ws0\">N<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">on</span>-<span class=\"ls102 ws11d\">life l<span class=\"_ _2\"></span>iabilities</span> </span><span class=\"wsf0\">and health non<span class=\"ls0 ws0\">-</span></span></span></span></div>\n<div class=\"t m0 x43 h4f y895 ffe3 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">similar<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"lsfc ws115\">li<span class=\"_ _2\"></span>fe </span></span>liabilit<span class=\"_ _0\"></span>ies<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y896 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y897 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For the purp<span class=\"_ _2b\"></span>ose of these LAT<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">tests</span></span>, Ageas conside<span class=\"_ _0\"></span>rs a best est<span class=\"_ _0\"></span>imate</div>\n<div class=\"t m0 x7 h4f y898 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on, bei<span class=\"_ _0\"></span>ng the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of al<span class=\"_ _0\"></span>l contr<span class=\"_ _0\"></span>actual c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws, incl<span class=\"_ _0\"></span>uding</div>\n<div class=\"t m0 x7 h4f y899 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related c<span class=\"_ _0\"></span>ash flows s<span class=\"_ _0\"></span>uch as comm<span class=\"_ _0\"></span>issions an<span class=\"_ _0\"></span>d expense<span class=\"_ _2b\"></span>s. The contract</div>\n<div class=\"t m0 x7 h4f y89a ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">boundaries o<span class=\"_ _2\"></span>f Solvency II are applied, but are<span class=\"_ _2\"></span> limited in <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life to the </span></span></span></div>\n<div class=\"t m0 x7 h4f y89b ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ones in sc<span class=\"_ _2b\"></span>ope of the IFR<span class=\"_ _2b\"></span>S reserves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89c ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y89d ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">For <span class=\"ls0 ws0\">L<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">ife ins<span class=\"_ _2b\"></span>urance liabil<span class=\"_ _0\"></span>ities (an<span class=\"_ _0\"></span>d health si<span class=\"_ _0\"></span>mil<span class=\"lse2 wsf1\">ar<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"ls102 ws115\">life liabilitie<span class=\"_ _2\"></span>s including </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y89e ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">annuities stemmi<span class=\"_ _2\"></span>ng from <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-</span></span>li<span class=\"_ _2\"></span>fe), the LAT also includes ca<span class=\"_ _2\"></span>sh flows</div>\n<div class=\"t m0 x7 h4f y89f ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">resulting <span class=\"_ _2\"></span>from embedded option<span class=\"_ _2\"></span>s and guarantees a<span class=\"_ _2\"></span>nd investment</div>\n<div class=\"t m0 x7 h4f y8a0 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income.<span class=\"_ _0\"></span> Invest<span class=\"_ _0\"></span>ment in<span class=\"_ _0\"></span>come is <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>ned usin<span class=\"_ _0\"></span>g the c<span class=\"_ _0\"></span>urrent b<span class=\"_ _0\"></span>ook yiel<span class=\"_ _2b\"></span>d of</div>\n<div class=\"t m0 x7 h4f y8a1 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the exist<span class=\"_ _0\"></span>ing portf<span class=\"_ _0\"></span>olio, base<span class=\"_ _2b\"></span>d on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e assumpt<span class=\"_ _0\"></span>ion that re<span class=\"_ _0\"></span>invest<span class=\"_ _0\"></span>ments aft<span class=\"_ _0\"></span>er</div>\n<div class=\"t m0 x7 h4f y8a2 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the mat<span class=\"_ _0\"></span>urity of t<span class=\"_ _2b\"></span>he financial ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nts will t<span class=\"_ _2b\"></span>ake place at<span class=\"_ _0\"></span> a risk<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">free rat<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y8a3 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowin<span class=\"_ _0\"></span>g a company<span class=\"_ _0\"></span> specific vo<span class=\"_ _0\"></span>latilit<span class=\"_ _0\"></span>y adjust<span class=\"_ _0\"></span>ment base<span class=\"_ _0\"></span>d on EIOPA</div>\n<div class=\"t m0 x7 h4f yb2e ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy. For direct inv<span class=\"_ _0\"></span>estment<span class=\"_ _2b\"></span>s in real estate, the a<span class=\"_ _0\"></span>ctua<span class=\"lse2 wsfa\">l rental </span></div>\n<div class=\"t m0 x7 h4f yb2f ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income u<span class=\"_ _2b\"></span>p to the next co<span class=\"_ _0\"></span>ntractu<span class=\"_ _2b\"></span>al renewal pe<span class=\"_ _0\"></span>riod is t<span class=\"_ _0\"></span>aken int<span class=\"_ _2b\"></span>o account.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb30 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8d8 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">For <span class=\"ls0 ws0\">N</span>on<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"ls106 ws124\">life</span> </span><span class=\"ws103\">insurance liabilit<span class=\"_ _2\"></span>ies<span class=\"lse0 wsf0\">, the p<span class=\"_ _0\"></span>resent va<span class=\"_ _0\"></span>lue of all cas<span class=\"_ _0\"></span>h flows is </span></span></div>\n<div class=\"t m0 x1a h4f y8d9 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned using a risk<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">free discoun<span class=\"_ _2\"></span>t rate allowing a<span class=\"_ _2\"></span> company specific </span></span></div>\n<div class=\"t m0 x1a h4f y9bc ffe3 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">volatili<span class=\"_ _2\"></span>ty <span class=\"lse2 wsfa\">adjustment ba<span class=\"_ _2\"></span>sed on EIOPA me<span class=\"_ _2\"></span>thodology (after the<span class=\"_ _2\"></span> last liquid </span></div>\n<div class=\"t m0 x1a h4f y9bd ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">point, the s<span class=\"_ _0\"></span>o<span class=\"ls0 ws0\">-</span>called Ult<span class=\"_ _0\"></span>imate For<span class=\"_ _0\"></span>ward Rate ex<span class=\"_ _0\"></span>trapol<span class=\"_ _0\"></span>ation is ap<span class=\"_ _0\"></span>plied).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9be ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9bf ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Any shortf<span class=\"_ _2b\"></span>all in the LAT is recog<span class=\"_ _0\"></span>nised imm<span class=\"_ _0\"></span>ediately i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the i<span class=\"_ _0\"></span>ncome</div>\n<div class=\"t m0 x1a h4f y9c0 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt, either as a DAC or VOB<span class=\"_ _2b\"></span>A <span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>impai<span class=\"_ _0\"></span>rment or as a<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">loss </span></div>\n<div class=\"t m0 x1a h4f y9c1 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion. If, in a s<span class=\"_ _0\"></span>ubsequ<span class=\"_ _0\"></span>ent peri<span class=\"_ _0\"></span>od, th<span class=\"_ _0\"></span>e shortf<span class=\"_ _0\"></span>all decr<span class=\"_ _0\"></span>eases, t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y97e ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">decreas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in sh<span class=\"_ _0\"></span>ortfall is re<span class=\"_ _0\"></span>verse<span class=\"_ _0\"></span>d through pr<span class=\"_ _0\"></span>ofit or loss. A s<span class=\"_ _0\"></span>hortfal<span class=\"_ _0\"></span>l is</div>\n<div class=\"t m0 x1a h4f y97f ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">defined as<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y980 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsf0\">A negative net pre<span class=\"_ _0\"></span>sent valu<span class=\"_ _0\"></span>e of the futur<span class=\"_ _0\"></span>e margin fo<span class=\"_ _0\"></span>r <span class=\"ls0 ws0\">L<span class=\"lsfc ws115\">ife<span class=\"_ _2\"></span> </span></span><span class=\"lse1\">contracts<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y981 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and healt<span class=\"_ _0\"></span>h similar<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"ls106 ws124\">life <span class=\"lse2 wsf1\">contracts<span class=\"lse0 wsfa\">, includi<span class=\"_ _0\"></span>ng annuit<span class=\"_ _2b\"></span>ies stemming </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y982 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">from <span class=\"ls0 ws0\">N<span class=\"_ _2\"></span></span>on<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">life </span></span>con<span class=\"_ _2\"></span>tracts;<span class=\"ls0 ws0\"> </span>and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y983 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsfa\">The positive d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce betw<span class=\"_ _0\"></span>een the <span class=\"_ _0\"></span>net pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of the c<span class=\"_ _0\"></span>ash </span></span></div>\n<div class=\"t m0 x6c h4f y984 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flows and the corres<span class=\"_ _2\"></span>ponding IFRS reserves for<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">life <span class=\"lse0 wsef\">contracts</span></span> </span></span></div>\n<div class=\"t m0 x6c h4f y9c2 ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and health <span class=\"_ _2\"></span>non<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">similar</span>-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">to</span>-<span class=\"ls102 ws11d\">life<span class=\"_ _2\"></span> </span></span><span class=\"wsf1\">contracts<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f y9c3 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c4 ffe3 fs3a fc14 sc0 lsf3 wsf1\" style=\"z-index: 15;\">The LAT tests<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">take into acc<span class=\"_ _2b\"></span>ount the effect of re<span class=\"_ _2b\"></span>insurance and <span class=\"lse2 wsf1\">include, </span></span></span></div>\n<div class=\"t m0 x1a h4f y9c5 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for direct i<span class=\"_ _2b\"></span>nvestments in rea<span class=\"_ _0\"></span>l <span class=\"wsef\">estate,<span class=\"_ _0\"></span> <span class=\"wsf0\">the actual<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">re<span class=\"_ _0\"></span>ntal inc<span class=\"_ _0\"></span>ome up to t<span class=\"_ _2b\"></span>he </span></span></span></div>\n<div class=\"t m0 x1a h4f y9c6 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">next cont<span class=\"_ _0\"></span>ractual r<span class=\"_ _2b\"></span>enewal period. L<span class=\"_ _0\"></span>AT tests are d<span class=\"_ _0\"></span>etermin<span class=\"_ _0\"></span>ed a<span class=\"lse2 wsfa\">t legal entit<span class=\"_ _2\"></span>y </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffe3 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">level. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycb9 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycba ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If a subsidiar<span class=\"_ _2\"></span>y\u2019s local LAT requirements <span class=\"wsfa\">ar<span class=\"_ _2\"></span>e stricter tha<span class=\"ls0 ws0\">n<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">the ones<span class=\"_ _0\"></span> above, </span></span></span></div>\n<div class=\"t m0 x1a h4f ycbb ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">local en<span class=\"_ _2\"></span>tities apply the lo<span class=\"_ _2\"></span>cal requirements.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y98e ffe5 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Shadow accoun<span class=\"_ _2\"></span>ting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98f ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In some of <span class=\"lse2 wsf1\">Ageas's </span>business<span class=\"_ _0\"></span>es, the real<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of gains and l<span class=\"_ _0\"></span>osses has a</div>\n<div class=\"t m0 x1a h4f y990 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">direct impact on<span class=\"_ _2\"></span> the measurement of the insuran<span class=\"_ _2\"></span>ce liabilities and rela<span class=\"_ _2\"></span>ted</div>\n<div class=\"t m0 x1a h4f y991 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deferre<span class=\"_ _0\"></span>d acquis<span class=\"_ _0\"></span>ition costs<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y992 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y993 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In some of the<span class=\"_ _0\"></span>se busines<span class=\"_ _0\"></span>ses, Ag<span class=\"_ _0\"></span>eas appli<span class=\"_ _0\"></span>es \u2018shad<span class=\"_ _0\"></span>ow account<span class=\"_ _0\"></span>ing\u2019 to the</div>\n<div class=\"t m0 x1a h4f y994 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes in f<span class=\"_ _0\"></span>air value of<span class=\"_ _0\"></span> ava<span class=\"ls102 ws11d\">ilable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for<span class=\"_ _2\"></span></span>-</span></span>sale inves<span class=\"_ _0\"></span>tments a<span class=\"_ _2b\"></span>nd of assets and</div>\n<div class=\"t m0 x1a h4f y995 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies that affect<span class=\"_ _2b\"></span> the measurem<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he insur<span class=\"_ _0\"></span>ance lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x1a h4f y996 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Shadow acc<span class=\"_ _2b\"></span>ounting means t<span class=\"_ _0\"></span>hat unreal<span class=\"_ _0\"></span>ised gains<span class=\"_ _0\"></span> or losses<span class=\"_ _0\"></span> on the</div>\n<div class=\"t m0 x1a h4f y997 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-<span class=\"lse0 wsf0\">sale financi<span class=\"_ _0\"></span>al assets, w<span class=\"_ _2b\"></span>hich are recognise<span class=\"_ _2b\"></span>d in <span class=\"lse2 wsf1\">ot<span class=\"_ _2\"></span>her </span></span></span></div>\n<div class=\"t m0 x1a h4f y9c8 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">comprehens<span class=\"lse0 wsfa\">ive income<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">wit<span class=\"_ _0\"></span>hout affec<span class=\"_ _0\"></span>ting the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span>, affect </span></span></div>\n<div class=\"t m0 x1a h4f y9c9 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the measu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span> the insura<span class=\"_ _2b\"></span>nce liabilities (o<span class=\"_ _0\"></span>r deferre<span class=\"_ _0\"></span>d acquisit<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y9ca ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">costs or val<span class=\"_ _0\"></span>ue of busin<span class=\"_ _0\"></span>ess acqui<span class=\"_ _0\"></span>red) in the sa<span class=\"_ _2b\"></span>me way as realised ga<span class=\"_ _0\"></span>ins</div>\n<div class=\"t m0 x1a h4f y9cb ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or losses wo<span class=\"_ _2b\"></span>uld do. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cc ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9cd ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As part of sh<span class=\"_ _0\"></span>adow acco<span class=\"_ _2b\"></span>unting, some <span class=\"lsf4 ws10c\">of <span class=\"lse2 wsf1\">Ageas's </span></span>businesses ext<span class=\"_ _2b\"></span>end <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y9ce ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">standard LAT wit<span class=\"_ _2\"></span>h a shadow LAT test. Under<span class=\"_ _2\"></span> the shadow LAT test, the</div>\n<div class=\"t m0 x1a h4f y9cf ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of u<span class=\"_ _0\"></span>nrealis<span class=\"_ _0\"></span>ed capita<span class=\"_ _0\"></span>l gains, re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d in other com<span class=\"_ _0\"></span>prehens<span class=\"_ _0\"></span>ive</div>\n<div class=\"t m0 x1a h4f y9d0 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income,<span class=\"_ _0\"></span> in excess of t<span class=\"_ _0\"></span>he surplus r<span class=\"_ _0\"></span>esultin<span class=\"_ _0\"></span>g from the st<span class=\"_ _0\"></span>andard LAT<span class=\"_ _0\"></span>, is</div>\n<div class=\"t m0 x1a h4f y9d1 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as a <span class=\"lse2 ws103\">shadow liability.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9d2 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d3 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The remai<span class=\"_ _0\"></span>ning unr<span class=\"_ _0\"></span>ealised ch<span class=\"_ _2b\"></span>anges in fair value of<span class=\"_ _0\"></span> the avail<span class=\"_ _0\"></span>able<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span><span class=\"lsfb wsfa\">sale </span></span></div>\n<div class=\"t m0 x1a h4f y9d4 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets (af<span class=\"_ _2b\"></span>ter applicatio<span class=\"_ _0\"></span>n of shadow ac<span class=\"_ _2b\"></span>counting), that<span class=\"_ _0\"></span> are</div>\n<div class=\"t m0 x1a h4f y9d5 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subject t<span class=\"_ _0\"></span>o discret<span class=\"_ _0\"></span>ionary par<span class=\"_ _0\"></span>ticipat<span class=\"_ _2b\"></span>ion features, are cl<span class=\"_ _2b\"></span>assified as a</div>\n<div class=\"t m0 x1a h4f y9d6 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separate componen<span class=\"_ _2\"></span>t of equit<span class=\"lsf4 ws10c\">y. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 314px; height: 792px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 314px; height: 792px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 314px; height: 792px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 314px; height: 792px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An additi<span class=\"_ _0\"></span>onal Def<span class=\"_ _0\"></span>erred Prof<span class=\"_ _0\"></span>it sharing L<span class=\"_ _2b\"></span>iability (DPL) is acc<span class=\"_ _2b\"></span>rued based on</div>\n<div class=\"t m0 x7 h4f y803 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">a construct<span class=\"_ _2b\"></span>ive obligation o<span class=\"_ _0\"></span>r on the amou<span class=\"_ _0\"></span>nt legally<span class=\"_ _0\"></span> or contract<span class=\"_ _2b\"></span>ually</div>\n<div class=\"t m0 x7 h4f y804 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ed to be pa<span class=\"_ _2b\"></span>id on differe<span class=\"_ _0\"></span>nces bet<span class=\"_ _0\"></span>ween st<span class=\"_ _0\"></span>atutory <span class=\"_ _0\"></span>and IFR<span class=\"_ _0\"></span>S income</div>\n<div class=\"t m0 x7 h4f y805 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and unreal<span class=\"_ _2b\"></span>ised gains or loss<span class=\"_ _0\"></span>es record<span class=\"_ _2b\"></span>ed in equity.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 yd16 ffea fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7b ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The accou<span class=\"_ _0\"></span>nting tr<span class=\"_ _0\"></span>eatment<span class=\"_ _0\"></span> of reinsur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts de<span class=\"_ _2b\"></span>pends on whether</div>\n<div class=\"t m0 x7 h4f yd17 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk is transferred w<span class=\"_ _2\"></span>ithin the contract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd18 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yd19 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Reinsurance con<span class=\"_ _2\"></span>tracts that transfer signi<span class=\"_ _2\"></span>ficant insurance risk are</div>\n<div class=\"t m0 x7 h4f y8cd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for acco<span class=\"_ _0\"></span>rding <span class=\"lsfc ws115\">to <span class=\"lse2 wsfa\">insurance c<span class=\"_ _2\"></span>ontracts. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y8ce ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y882 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Reinsur<span class=\"_ _2b\"></span>ance contracts<span class=\"_ _0\"></span> that do <span class=\"_ _2b\"></span>not transfer si<span class=\"_ _2b\"></span>gnificant ins<span class=\"_ _0\"></span>urance r<span class=\"_ _0\"></span>isk are</div>\n<div class=\"t m0 x7 h4f y883 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for usi<span class=\"_ _0\"></span>ng the depos<span class=\"_ _0\"></span>it method a<span class=\"_ _0\"></span>nd are incl<span class=\"_ _0\"></span>uded in loa<span class=\"_ _0\"></span>ns or</div>\n<div class=\"t m0 x7 h4f y884 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ings as a finan<span class=\"_ _0\"></span>cial asset<span class=\"_ _0\"></span> or liabil<span class=\"_ _0\"></span>ity. Such f<span class=\"_ _0\"></span>inancia<span class=\"_ _0\"></span>l asset or</div>\n<div class=\"t m0 x7 h4f y885 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y is recog<span class=\"_ _0\"></span>nised bas<span class=\"_ _0\"></span>ed on the co<span class=\"_ _0\"></span>nsiderat<span class=\"_ _2b\"></span>ion paid or receiv<span class=\"_ _0\"></span>ed less</div>\n<div class=\"t m0 x7 h4f y886 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any expli<span class=\"_ _0\"></span>citly ide<span class=\"_ _0\"></span>ntified pr<span class=\"_ _0\"></span>emiums or f<span class=\"_ _0\"></span>ees to be reta<span class=\"_ _2b\"></span>ined by the</div>\n<div class=\"t m0 x7 h4f y8cf ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ed. Amount<span class=\"_ _2b\"></span>s received or paid un<span class=\"_ _0\"></span>der these c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s are</div>\n<div class=\"t m0 x7 h4f y8d0 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for as <span class=\"_ _2b\"></span>deposits usin<span class=\"_ _0\"></span>g the eff<span class=\"_ _0\"></span>ective i<span class=\"_ _2b\"></span>nte<span class=\"lse2\">rest<span class=\"_ _2\"></span> method. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d2 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deposits from rei<span class=\"_ _2\"></span>nsurers under ceded rei<span class=\"_ _2\"></span>nsurance<span class=\"ls0 ws0\">, <span class=\"lse0 wsfa\">that transf<span class=\"_ _0\"></span>er </span></span></div>\n<div class=\"t m0 x7 h4f y8d3 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">equa<span class=\"_ _0\"></span>l the amount<span class=\"_ _0\"></span> due at the date<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of the </span></span></div>\n<div class=\"t m0 x7 h4f yb28 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb29 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2a ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Liabilit<span class=\"_ _2b\"></span>ies relating t<span class=\"_ _2b\"></span>o ceded reins<span class=\"_ _0\"></span>urance b<span class=\"_ _0\"></span>usiness<span class=\"_ _0\"></span><span class=\"ls0 ws0\">, <span class=\"lse0 wsfa\">that do not t<span class=\"_ _0\"></span>ransfer </span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>may be considere<span class=\"_ _2\"></span>d to be financi<span class=\"_ _2\"></span>al liabilities</div>\n<div class=\"t m0 x7 h4f yb2c ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies are <span class=\"_ _0\"></span>account<span class=\"_ _2b\"></span>ed for in the sa<span class=\"_ _0\"></span>me way as <span class=\"_ _2b\"></span>other financia<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x7 h4f yb2d ffe8 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>ies.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 361px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 445px; width: 349px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y892 ffe8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.12<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span>Debt <span class=\"_ _2\"></span><span class=\"lsfb wsfa\">certifi<span class=\"_ _2\"></span>cates<span class=\"lse2\">, subord<span class=\"_ _2\"></span>inated liabilities<span class=\"_ _2\"></span> and other borrowin<span class=\"_ _2\"></span>gs<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y893 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Debt certi<span class=\"_ _2\"></span>ficates, subordinated<span class=\"_ _2\"></span> liabilities and o<span class=\"_ _2\"></span>ther borrowings are<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y894 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">initiall<span class=\"_ _0\"></span>y recog<span class=\"_ _0\"></span>nised at<span class=\"_ _0\"></span> fair val<span class=\"_ _2b\"></span>ue including d<span class=\"_ _0\"></span>irect t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ion cost<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y895 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">incurred. Su<span class=\"_ _2\"></span>bsequently, they are<span class=\"_ _2\"></span> measured at amor<span class=\"_ _2\"></span>tised cost, and <span class=\"_ _2\"></span>any</div>\n<div class=\"t m0 x7 h4f y896 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">difference be<span class=\"_ _2\"></span>tween net proceed<span class=\"_ _2\"></span>s and the redempti<span class=\"lse0 wsf0\">on value is </span></div>\n<div class=\"t m0 x7 h4f y897 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent over the p<span class=\"_ _0\"></span>eriod of t<span class=\"_ _2b\"></span>he borrowing<span class=\"ls0 ws0\">, </span></div>\n<div class=\"t m0 x7 h4f y898 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using the eff<span class=\"_ _2b\"></span>ective interes<span class=\"_ _0\"></span>t method.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y899 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y89a ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Debt tha<span class=\"_ _0\"></span>t can be c<span class=\"_ _2b\"></span>onverted int<span class=\"_ _0\"></span>o a fixe<span class=\"_ _0\"></span>d number <span class=\"_ _0\"></span>of <span class=\"lse2 wsf1\">Ageas's <span class=\"wsfa\">own s<span class=\"_ _2\"></span>hares is </span></span></div>\n<div class=\"t m0 x7 h4f y89b ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">separated in<span class=\"_ _2\"></span>to two components<span class=\"_ _2\"></span> on initial recogni<span class=\"_ _2\"></span>tion: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89c ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 ls102 ws129\">A<span class=\"_ _2\"></span> liabilit<span class=\"lse0 wsf0\">y instrument<span class=\"_ _0\"></span>, determ<span class=\"_ _0\"></span>ined by meas<span class=\"_ _2b\"></span>uring the fair valu<span class=\"_ _0\"></span>e of a </span></span></span></div>\n<div class=\"t m0 x43 h4f y89d ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">similar l<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> (includ<span class=\"_ _0\"></span>ing any emb<span class=\"_ _0\"></span>edded non<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">equity derivative </span></span></div>\n<div class=\"t m0 x43 h4f y89e ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">features) tha<span class=\"_ _2\"></span>t do not have an associated equ<span class=\"_ _2\"></span>ity component; and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89f ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsfa\">An equity inst<span class=\"_ _0\"></span>rument,<span class=\"_ _0\"></span> of whi<span class=\"_ _0\"></span>ch the c<span class=\"_ _0\"></span>arrying <span class=\"_ _0\"></span>amount r<span class=\"_ _0\"></span>eprese<span class=\"_ _0\"></span>nts the </span></span></div>\n<div class=\"t m0 x43 h4f y8a0 ffe8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">optio<span class=\"wsfa\">n t<span class=\"_ _0\"></span>o conve<span class=\"_ _0\"></span>rt the inst<span class=\"_ _2b\"></span>rument into c<span class=\"_ _0\"></span>ommon sh<span class=\"_ _2b\"></span>ares, determi<span class=\"_ _0\"></span>ned </span></div>\n<div class=\"t m0 x43 h4f y8a1 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by deduct<span class=\"_ _0\"></span>ing the car<span class=\"_ _0\"></span>rying amo<span class=\"_ _0\"></span>unt of the fi<span class=\"_ _0\"></span>nancial li<span class=\"_ _2b\"></span>ability from the</div>\n<div class=\"t m0 x43 h4f y8a2 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the com<span class=\"_ _2b\"></span>pound instrum<span class=\"_ _2b\"></span>ent as a whole.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a3 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2e ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">If Ageas<span class=\"_ _2\"></span> redeems the debt<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsef\">cert<span class=\"_ _2b\"></span>ificates<span class=\"lse2 wsfa\">, subordinated<span class=\"_ _2\"></span> liabilities and o<span class=\"_ _2\"></span>ther </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2f ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">borrow<span class=\"lse0 wsf0\">ings, these ar<span class=\"_ _2b\"></span>e removed from the st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> of financi<span class=\"_ _0\"></span>al positi<span class=\"_ _0\"></span>on </span></div>\n<div class=\"t m0 x7 h4f yb30 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce betw<span class=\"_ _2b\"></span>een the carryi<span class=\"_ _2b\"></span>ng amount of t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _0\"></span>y and t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f yb31 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration paid is i<span class=\"_ _0\"></span>nclude<span class=\"_ _0\"></span>d in the i<span class=\"_ _2b\"></span>ncome stateme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 346px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 351px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f y977 ffe8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.13<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span><span class=\"wsfa\">Employ<span class=\"_ _2\"></span>ee benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h55 y9bc ffea fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Pension <span class=\"ls102 ws11d\">li<span class=\"_ _2\"></span>abilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9bd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ope<span class=\"_ _0\"></span>rates a num<span class=\"_ _2b\"></span>ber of defined benef<span class=\"_ _0\"></span>it and def<span class=\"_ _0\"></span>ined contr<span class=\"_ _2b\"></span>ibution</div>\n<div class=\"t m0 x1a h4f y9be ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">pension plans<span class=\"_ _2\"></span> throughout its global activit<span class=\"_ _2\"></span>ies, in accordance with lo<span class=\"_ _2\"></span>cal</div>\n<div class=\"t m0 x1a h4f y9bf ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">conditions or ind<span class=\"_ _2\"></span>ustry practices. The pension<span class=\"_ _2\"></span> plans are generally funded</div>\n<div class=\"t m0 x1a h4f y9c0 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">through p<span class=\"_ _0\"></span>ayments t<span class=\"_ _0\"></span>o insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mpanies or t<span class=\"_ _0\"></span>o trustee ad<span class=\"_ _0\"></span>mini<span class=\"lse2 wsf1\">stered </span></div>\n<div class=\"t m0 x1a h4f y9c1 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">plans. Th<span class=\"_ _0\"></span>e funding is<span class=\"_ _0\"></span> determin<span class=\"_ _0\"></span>ed by peri<span class=\"_ _2b\"></span>odic actuarial ca<span class=\"_ _0\"></span>lculati<span class=\"_ _0\"></span>ons.</div>\n<div class=\"t m0 x1a h4f y97e ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Qualifi<span class=\"_ _0\"></span>ed actua<span class=\"_ _0\"></span>ries calcu<span class=\"_ _0\"></span>late the pe<span class=\"_ _0\"></span>nsion ass<span class=\"_ _0\"></span>ets and liabi<span class=\"_ _2b\"></span>lities at least</div>\n<div class=\"t m0 x1a h4f y97f ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">annually.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y980 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y981 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A defined b<span class=\"_ _0\"></span>enefit pla<span class=\"_ _0\"></span>n is a pensio<span class=\"_ _0\"></span>n plan that de<span class=\"_ _0\"></span>fines an amo<span class=\"_ _2b\"></span>unt of</div>\n<div class=\"t m0 x1a h4f y982 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">pension <span class=\"_ _0\"></span>benefit<span class=\"_ _0\"></span> that an e<span class=\"_ _2b\"></span>mpl<span class=\"wsf0\">oyee will rece<span class=\"_ _2b\"></span>ive on retirement<span class=\"_ _0\"></span>, usually </span></div>\n<div class=\"t m0 x1a h4f y983 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dependa<span class=\"_ _2b\"></span>nt on one or more facto<span class=\"_ _0\"></span>rs such as age a<span class=\"_ _2b\"></span>nd years of service. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y984 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c2 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A defined c<span class=\"_ _0\"></span>ontribu<span class=\"_ _0\"></span>tion pla<span class=\"_ _0\"></span>n is a pension p<span class=\"_ _0\"></span>lan under w<span class=\"_ _0\"></span>hich Age<span class=\"_ _0\"></span>as pays</div>\n<div class=\"t m0 x1a h4f y9c3 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fixed co<span class=\"_ _0\"></span>ntribut<span class=\"_ _0\"></span>ions.<span class=\"_ _0\"></span> However,<span class=\"_ _0\"></span> under I<span class=\"_ _2b\"></span>AS 19, a define<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>ibution <span class=\"_ _0\"></span>plan</div>\n<div class=\"t m0 x1a h4f y9c4 ffe8 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">with<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">a guar<span class=\"_ _0\"></span>anteed <span class=\"_ _0\"></span>return is<span class=\"_ _0\"></span> treate<span class=\"_ _2b\"></span>d as a defined be<span class=\"_ _2b\"></span>nefit plan ins<span class=\"_ _0\"></span>tead of a </span></div>\n<div class=\"t m0 x1a h4f y9c5 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">defined c<span class=\"_ _0\"></span>ontrib<span class=\"_ _0\"></span>ution plan d<span class=\"_ _0\"></span>ue to the (leg<span class=\"_ _0\"></span>ally det<span class=\"_ _0\"></span>ermined) gu<span class=\"_ _2b\"></span>aranteed</div>\n<div class=\"t m0 x1a h4f y9c6 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">return i<span class=\"_ _0\"></span>ncluded<span class=\"_ _0\"></span> in thos<span class=\"_ _0\"></span>e plans.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb9 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For defi<span class=\"_ _0\"></span>ned benefi<span class=\"_ _0\"></span>t plans, t<span class=\"_ _0\"></span>he pensio<span class=\"_ _0\"></span>n costs and re<span class=\"_ _0\"></span>lated pens<span class=\"_ _2b\"></span>ion assets</div>\n<div class=\"t m0 x1a h4f ycba ffe8 fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">or liab<span class=\"_ _2\"></span>iliti<span class=\"lse0 wsf0\">es are est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>ing the <span class=\"ls0 ws0\">P</span><span class=\"wsef\">roject<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"ls0 ws0\">U<span class=\"lsf4 ws10c\">nit </span>C<span class=\"lse2 ws103\">redit m<span class=\"_ _2\"></span>ethod</span> <span class=\"lse2 wsf1\">(PUC)<span class=\"lsf4 ws10c\">. </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f ycbb ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under th<span class=\"_ _2b\"></span>is method:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbc ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse2 ws103\">Ea<span class=\"_ _2\"></span>ch period of service give<span class=\"_ _2\"></span>s rise to an additional unit<span class=\"_ _2\"></span> of benefit </span></span></div>\n<div class=\"t m0 x6c h4f ycbd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">entitle<span class=\"_ _0\"></span>ment and ea<span class=\"_ _0\"></span>ch unit is me<span class=\"_ _0\"></span>asured sep<span class=\"_ _0\"></span>arately<span class=\"_ _0\"></span> in order to b<span class=\"_ _0\"></span>uild</div>\n<div class=\"t m0 x6c h4f ycbe ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">up the final liabi<span class=\"_ _2\"></span>lity;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbf ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The cost of prov<span class=\"lse2 ws103\">iding these benefits is char<span class=\"_ _2\"></span>ged to the income </span></span></span></div>\n<div class=\"t m0 x6c h4f ycc0 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt to spread t<span class=\"_ _0\"></span>he pensi<span class=\"_ _0\"></span>on cost <span class=\"_ _0\"></span>over the s<span class=\"_ _2b\"></span>ervice lives <span class=\"_ _0\"></span>of the</div>\n<div class=\"t m0 x6c h4f ycc1 ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">employees;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc2 ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsfa\">The pension li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> is measu<span class=\"_ _2b\"></span>red at the pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of the </span></span></div>\n<div class=\"t m0 x6c h4f ycc3 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fut<span class=\"_ _2b\"></span>ure cash outflows<span class=\"_ _0\"></span> using inter<span class=\"_ _2b\"></span>est rates determi<span class=\"_ _0\"></span>ned by</div>\n<div class=\"t m0 x6c h4f ycc4 ffe8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">refe<span class=\"wsf0\">renc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to ma<span class=\"_ _0\"></span>rket yiel<span class=\"_ _2b\"></span>ds on high quality co<span class=\"_ _0\"></span>rporate b<span class=\"_ _0\"></span>onds, wh<span class=\"_ _0\"></span>ich </span></div>\n<div class=\"t m0 x6c h4f ycc5 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">have te<span class=\"_ _0\"></span>rms to mat<span class=\"_ _2b\"></span>urity approx<span class=\"_ _0\"></span>imating<span class=\"_ _2b\"></span> the terms of th<span class=\"_ _0\"></span>e relate<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x6c h4f ycc6 ffe8 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">liability. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc7 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc8 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rements, compri<span class=\"_ _2b\"></span>sing actuarial gai<span class=\"_ _2b\"></span>ns and losses, the eff<span class=\"_ _0\"></span>ect of</div>\n<div class=\"t m0 x1a h4f ycc9 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the asset ce<span class=\"_ _0\"></span>iling and th<span class=\"_ _2b\"></span>e return on plan asset<span class=\"_ _0\"></span>s (exclu<span class=\"_ _0\"></span>ding net int<span class=\"_ _0\"></span>erest),</div>\n<div class=\"t m0 x1a h4f yd1a ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are recognised<span class=\"_ _2\"></span> immediately in the statement<span class=\"_ _2\"></span> of financial position throu<span class=\"_ _2\"></span>gh</div>\n<div class=\"t m0 x1a h4f yc26 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">other com<span class=\"_ _0\"></span>prehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e in the repo<span class=\"_ _0\"></span>rting per<span class=\"_ _0\"></span>iod in which t<span class=\"_ _0\"></span>hey occu<span class=\"_ _0\"></span>r.</div>\n<div class=\"t m0 x1a h4f yc27 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rements are n<span class=\"_ _0\"></span>ot recl<span class=\"_ _0\"></span>assifie<span class=\"_ _0\"></span>d to the i<span class=\"_ _2b\"></span>ncome stateme<span class=\"_ _2b\"></span>nt in</div>\n<div class=\"t m0 x1a h4f yc28 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">subsequent per<span class=\"lse0 wsf0\">iods. Net interes<span class=\"_ _0\"></span>t is calcul<span class=\"_ _2b\"></span>ated by applying the d<span class=\"_ _0\"></span>iscount </span></div>\n<div class=\"t m0 x1a h4f yc29 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate to the net<span class=\"_ _0\"></span> defined b<span class=\"_ _0\"></span>enefit li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> or asset.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2a ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc2b ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Past servi<span class=\"_ _0\"></span>ce costs ar<span class=\"_ _2b\"></span>e recognised in prof<span class=\"_ _2b\"></span>it or loss on the earlie<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>of:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2c ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The date of the plan amen<span class=\"_ _2b\"></span>dment or curtail<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc2d ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The date that <span class=\"lse2 ws103\">Ageas recognises res<span class=\"_ _2\"></span>tructuring</span></span><span class=\"ffe8\">-<span class=\"lse0 wsf0\">related co<span class=\"_ _0\"></span>sts.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 739px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 744px; width: 354px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 298px; height: 808px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Assets that support<span class=\"_ _2\"></span> the pension liabilities<span class=\"_ _2\"></span> of an entity, must meet certain<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y803 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">criteri<span class=\"_ _0\"></span>a in order to be cl<span class=\"_ _2b\"></span>assified as \u2018qual<span class=\"_ _0\"></span>ifying p<span class=\"_ _0\"></span>ension pla<span class=\"_ _0\"></span>n assets\u2019.<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These c<span class=\"_ _0\"></span>riteria <span class=\"_ _0\"></span>relate t<span class=\"_ _2b\"></span>o the<span class=\"ls0 ws0\"> </span>fact that th<span class=\"_ _0\"></span>ese ass<span class=\"_ _0\"></span>ets shou<span class=\"_ _0\"></span>ld be leg<span class=\"_ _0\"></span>ally</div>\n<div class=\"t m0 x7 h4f y805 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>e from Ageas or <span class=\"_ _0\"></span>its cre<span class=\"_ _0\"></span>ditors. I<span class=\"_ _2b\"></span>f this is not t<span class=\"_ _0\"></span>he case,<span class=\"_ _0\"></span> the ass<span class=\"_ _0\"></span>ets</div>\n<div class=\"t m0 x7 h4f y806 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are incl<span class=\"_ _0\"></span>uded in t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>evant it<span class=\"_ _0\"></span>em on th<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent of financia<span class=\"_ _0\"></span>l posit<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x7 h4f y807 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(such as inv<span class=\"_ _2b\"></span>estments or prope<span class=\"_ _0\"></span>rty, plant<span class=\"_ _0\"></span> and equip<span class=\"_ _0\"></span>ment). If<span class=\"_ _0\"></span> the asse<span class=\"lsf4 ws10c\">ts </span></div>\n<div class=\"t m0 x7 h4f y808 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">meet th<span class=\"_ _0\"></span>e criter<span class=\"_ _0\"></span>ia, thes<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s are ne<span class=\"_ _0\"></span>tted ag<span class=\"_ _0\"></span>ainst th<span class=\"_ _0\"></span>e pensio<span class=\"_ _0\"></span>n liabil<span class=\"_ _0\"></span>ity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When the fa<span class=\"_ _0\"></span>ir value of<span class=\"_ _0\"></span> the plan ass<span class=\"_ _0\"></span>ets is nette<span class=\"_ _0\"></span>d against<span class=\"_ _0\"></span> the present<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y80b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the o<span class=\"_ _2b\"></span>bligation of a defin<span class=\"_ _0\"></span>ed benefit pl<span class=\"_ _2b\"></span>an, the resulting am<span class=\"_ _2b\"></span>ount</div>\n<div class=\"t m0 x7 h4f y80c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">could be ne<span class=\"_ _0\"></span>gative (<span class=\"_ _0\"></span>an asset). If<span class=\"_ _0\"></span> this<span class=\"ls0 ws0\"> </span>is the cas<span class=\"_ _0\"></span>e, the reco<span class=\"_ _0\"></span>gnised as<span class=\"_ _0\"></span>set</div>\n<div class=\"t m0 x7 h4f y80d ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cannot ex<span class=\"_ _0\"></span>ceed t<span class=\"_ _0\"></span>he prese<span class=\"_ _2b\"></span>nt value of any<span class=\"_ _0\"></span> economi<span class=\"_ _0\"></span>c benef<span class=\"_ _0\"></span>its avai<span class=\"_ _0\"></span>lable i<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y80e ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the form<span class=\"_ _0\"></span> of refu<span class=\"_ _0\"></span>nds from t<span class=\"_ _2b\"></span>he plan or redu<span class=\"_ _2b\"></span>ctions in futur<span class=\"_ _2b\"></span>e contributio<span class=\"_ _0\"></span>ns to</div>\n<div class=\"t m0 x7 h4f y80f ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the plan (\u2018as<span class=\"_ _2b\"></span>set ceiling\u2019).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y810 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90a ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Benefit<span class=\"_ _0\"></span> plans that pr<span class=\"_ _0\"></span>ovide lon<span class=\"_ _0\"></span>g<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term servic<span class=\"_ _2\"></span>e be</span></span>nefits<span class=\"_ _0\"></span>, but that a<span class=\"_ _0\"></span>re not</div>\n<div class=\"t m0 x7 h4f y90b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension p<span class=\"_ _0\"></span>lans, ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d at present<span class=\"_ _0\"></span> value<span class=\"ls0 ws0\">, </span>using the pr<span class=\"_ _0\"></span>ojecte<span class=\"_ _0\"></span>d unit</div>\n<div class=\"t m0 x7 h4f y90c ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">credit m<span class=\"_ _0\"></span>ethod. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90e ffed fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas's <span class=\"lse0 wsfa\">contributions<span class=\"_ _0\"></span> to def<span class=\"_ _0\"></span>ined co<span class=\"_ _0\"></span>ntributi<span class=\"_ _2b\"></span>on pension pla<span class=\"_ _2b\"></span>ns are charged </span></div>\n<div class=\"t m0 x7 h4f y90f ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the i<span class=\"_ _0\"></span>ncome st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> in the y<span class=\"_ _2b\"></span>ear to which t<span class=\"_ _0\"></span>hey relat<span class=\"_ _2b\"></span>e, except for</div>\n<div class=\"t m0 x7 h4f y910 ffed fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">de<span class=\"wsfa\">fined c<span class=\"_ _2b\"></span>ontribution p<span class=\"_ _0\"></span>lans w<span class=\"_ _0\"></span>ith a gua<span class=\"_ _0\"></span>rantee<span class=\"_ _0\"></span>d return, t<span class=\"_ _2b\"></span>hat follow t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y911 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing treat<span class=\"_ _0\"></span>ment of a defi<span class=\"_ _2b\"></span>ned benefit plan.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yb2a ffef fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other post<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">retirement<span class=\"_ _2b\"></span> liabilities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Some of t<span class=\"_ _2\"></span>he Ageas companie<span class=\"_ _2\"></span>s provide post<span class=\"ls0 ws0\">-</span><span class=\"lse0\">retirement e<span class=\"_ _0\"></span>mployee </span></div>\n<div class=\"t m0 x7 h4f yb2c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s to retire<span class=\"_ _0\"></span>es, such as pr<span class=\"_ _0\"></span>eferent<span class=\"_ _2b\"></span>ial int<span class=\"lse2 wsfa\">erest ra<span class=\"_ _2\"></span>te loans and health<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f yb2d ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">care insur<span class=\"_ _2b\"></span>ance. Entitleme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>to th<span class=\"_ _0\"></span>ese benef<span class=\"_ _2b\"></span>its is usually based o<span class=\"_ _0\"></span>n the</div>\n<div class=\"t m0 x7 h4f y962 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">employe<span class=\"_ _2b\"></span>e remaining in s<span class=\"_ _2b\"></span>ervice up to ret<span class=\"_ _0\"></span>irement<span class=\"_ _0\"></span> age and <span class=\"_ _2b\"></span>the completio<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y963 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of a minimu<span class=\"_ _0\"></span>m service pe<span class=\"_ _0\"></span>riod. Ex<span class=\"_ _0\"></span>pected c<span class=\"_ _0\"></span>osts of these b<span class=\"_ _2b\"></span>enefits are</div>\n<div class=\"t m0 x7 h4f y964 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accrued ov<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e period of em<span class=\"_ _2b\"></span>ployment, usin<span class=\"_ _2b\"></span>g a <span class=\"_ _2\"></span>met<span class=\"_ _0\"></span>hodolo<span class=\"_ _0\"></span>gy similar t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x7 h4f y965 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">that for def<span class=\"_ _0\"></span>ined be<span class=\"_ _0\"></span>nefit pens<span class=\"_ _0\"></span>ion plans<span class=\"_ _0\"></span>. These liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> are determi<span class=\"_ _2b\"></span>ned</div>\n<div class=\"t m0 x7 h4f y966 ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>actuarial calculations<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 y897 ffef fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Equity option<span class=\"_ _2\"></span>s and equity p<span class=\"_ _2\"></span>articipation plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y898 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Share options<span class=\"_ _2\"></span> and restricted shares, both equi<span class=\"_ _2\"></span>ty settled<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">and cash sett<span class=\"_ _0\"></span>led </span></span></div>\n<div class=\"t m0 x7 h4f y899 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">plans, ar<span class=\"_ _0\"></span>e granted<span class=\"_ _0\"></span> to directo<span class=\"_ _0\"></span>rs and empl<span class=\"_ _2b\"></span>oyees for services r<span class=\"_ _0\"></span>eceive<span class=\"_ _0\"></span>d. The</div>\n<div class=\"t m0 x7 h4f y89a ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue of the s<span class=\"_ _2b\"></span>ervices rece<span class=\"_ _0\"></span>ived is <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>ned by r<span class=\"_ _0\"></span>eference t<span class=\"_ _2b\"></span>o the fair</div>\n<div class=\"t m0 x7 h4f y89b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the s<span class=\"_ _0\"></span>hare opti<span class=\"_ _0\"></span>ons and rest<span class=\"_ _0\"></span>ricted sh<span class=\"_ _0\"></span>ares gra<span class=\"_ _0\"></span>nted. The ex<span class=\"_ _2b\"></span>pense</div>\n<div class=\"t m0 x7 h4f y89c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of equity opt<span class=\"_ _2b\"></span>ions and equity pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion plans is<span class=\"_ _0\"></span> measure<span class=\"_ _0\"></span>d at the grant</div>\n<div class=\"t m0 x7 h4f y89d ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date bas<span class=\"_ _0\"></span>ed on the fair val<span class=\"_ _0\"></span>ue of the opt<span class=\"_ _0\"></span>ions and res<span class=\"_ _0\"></span>tricte<span class=\"_ _0\"></span>d shares an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>is</div>\n<div class=\"t m0 x7 h4f y89e ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement, eit<span class=\"_ _2b\"></span>her immediately at<span class=\"_ _0\"></span> grant dat<span class=\"_ _0\"></span>e if</div>\n<div class=\"t m0 x7 h4f y89f ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">there is no ves<span class=\"_ _0\"></span>ting per<span class=\"_ _0\"></span>iod, or over t<span class=\"_ _0\"></span>he vesting p<span class=\"_ _0\"></span>eriod of<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">the options and </span></span></div>\n<div class=\"t m0 x7 h4f y8a0 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">restricted share<span class=\"_ _2\"></span>s. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a1 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a2 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Equity set<span class=\"_ _0\"></span>tled pla<span class=\"_ _0\"></span>ns are acco<span class=\"_ _0\"></span>unted for as<span class=\"_ _0\"></span> an increas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in equ<span class=\"_ _2b\"></span>ity and are</div>\n<div class=\"t m0 x7 h4f y8a3 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>red for t<span class=\"_ _2b\"></span>he number of sh<span class=\"_ _2b\"></span>ares until the v<span class=\"_ _0\"></span>esting c<span class=\"_ _0\"></span>onditio<span class=\"_ _0\"></span>ns are</div>\n<div class=\"t m0 x7 h4f yb2e ffed fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">met. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2f ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb30 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Cash sett<span class=\"_ _0\"></span>led plans ar<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>nted for as an inc<span class=\"_ _2b\"></span>rease in liabilitie<span class=\"_ _0\"></span>s and<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x7 h4f yb31 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>red bot<span class=\"_ _2b\"></span>h for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd1b fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsfa\">The number of s<span class=\"_ _2b\"></span>hares until the v<span class=\"_ _2b\"></span>esting conditi<span class=\"_ _2b\"></span>ons are met<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x7 h4f yd1c fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsfa\">The change in t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of the res<span class=\"_ _2b\"></span>tricted shares<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybdc ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>red expenses are re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the incom<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>sta<span class=\"_ _0\"></span>tement du<span class=\"_ _0\"></span>ring</div>\n<div class=\"t m0 x1a h4f ybdd ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the vest<span class=\"_ _0\"></span>ing peri<span class=\"_ _2b\"></span>od. Expenses r<span class=\"_ _2b\"></span>elated to <span class=\"lse2\">current and pa<span class=\"_ _2\"></span>st periods are </span></div>\n<div class=\"t m0 x1a h4f ybde ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">directl<span class=\"_ _0\"></span>y recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he income stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybdf ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe0 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value of<span class=\"_ _0\"></span> the sha<span class=\"_ _0\"></span>re opti<span class=\"_ _0\"></span>ons is det<span class=\"_ _0\"></span>ermine<span class=\"_ _0\"></span>d using a<span class=\"_ _2b\"></span>n option<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">pricing </span></span></div>\n<div class=\"t m0 x1a h4f ybe1 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">model th<span class=\"_ _2b\"></span>at takes into ac<span class=\"_ _0\"></span>count t<span class=\"_ _0\"></span>he follo<span class=\"_ _2b\"></span>wing:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybe2 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The stock price at the g<span class=\"_ _0\"></span>rant dat<span class=\"_ _0\"></span>e;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybe3 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The exercise pric<span class=\"_ _2b\"></span>e;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybe4 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsf0\">expect<span class=\"_ _0\"></span>ed life of<span class=\"_ _0\"></span> the option;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybe5 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The expected volat<span class=\"_ _2b\"></span>ility of the underl<span class=\"_ _0\"></span>ying stock<span class=\"_ _0\"></span> and expe<span class=\"_ _0\"></span>cted </span></span></div>\n<div class=\"t m0 x6c h4f ybe6 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds on it<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and </span> </span></div>\n<div class=\"t m0 x1a h4f ybe7 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The risk</span><span class=\"ffed\">-<span class=\"lse0 wsf0\">free intere<span class=\"_ _2b\"></span>st rate over the expect<span class=\"_ _0\"></span>ed life of the o<span class=\"_ _2b\"></span>ption.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybe8 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe9 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When the opt<span class=\"_ _0\"></span>ions are ex<span class=\"_ _2b\"></span>ercised and new shar<span class=\"_ _2b\"></span>es are issued, the</div>\n<div class=\"t m0 x1a h4f ybea ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceeds recei<span class=\"_ _2\"></span>v<span class=\"lse0 wsfa\">ed,<span class=\"_ _0\"></span> net of a<span class=\"_ _0\"></span>ny trans<span class=\"_ _0\"></span>action c<span class=\"_ _0\"></span>osts, a<span class=\"_ _0\"></span>re credi<span class=\"_ _2b\"></span>ted to share </span></div>\n<div class=\"t m0 x1a h4f ybeb ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">capital (par<span class=\"_ _2\"></span> value) and the surplus to share<span class=\"_ _2\"></span> premium. If for this purpos<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x1a h4f ybec ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">own shar<span class=\"_ _2b\"></span>es have been rep<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>ed, thes<span class=\"_ _0\"></span>e will b<span class=\"_ _0\"></span>e elimi<span class=\"_ _0\"></span>nated fr<span class=\"_ _2b\"></span>om</div>\n<div class=\"t m0 x1a h4f ybed ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">treasu<span class=\"_ _0\"></span>ry stock.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 819px; height: 278px; width: 353px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 293px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h55 yb3e ffef fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee ent<span class=\"_ _2\"></span>itlements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3f ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee ent<span class=\"_ _2\"></span>itlements to<span class=\"ls0 ws0\"> </span><span class=\"ws103\">ann<span class=\"_ _2\"></span>ual leave and long<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">service leav<span class=\"_ _0\"></span>e are </span></span></span></div>\n<div class=\"t m0 x1a h4f yb40 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed when t<span class=\"_ _0\"></span>hey accru<span class=\"_ _0\"></span>e to employ<span class=\"_ _0\"></span>ees. A<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">provision is made for<span class=\"_ _2\"></span> the </span></span></div>\n<div class=\"t m0 x1a h4f yb41 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed liability f<span class=\"_ _0\"></span>or annua<span class=\"_ _0\"></span>l leave a<span class=\"_ _2b\"></span>nd long<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">service lea<span class=\"_ _0\"></span>ve as a result<span class=\"_ _0\"></span> of </span></div>\n<div class=\"t m0 x1a h4f yb42 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s rende<span class=\"_ _0\"></span>red by em<span class=\"_ _0\"></span>ployees <span class=\"_ _2b\"></span>up to the date of<span class=\"_ _0\"></span> the st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>t of</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 725px; height: 361px; width: 353px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 834px; width: 353px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yb43 ffed fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">fina<span class=\"lse0 wsf0\">ncial posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ycbe ffed fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.14 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsef\">Prov<span class=\"_ _2b\"></span>isions <span class=\"lse2 wsf1\">and<span class=\"ls0 ws0\"> </span>cont<span class=\"_ _2\"></span>ingencies<span class=\"ls0 ws0\"> </span></span></span></span></div>\n\n<div class=\"t m0 x1a h55 y991 ffef fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y992 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons are l<span class=\"_ _2b\"></span>iabilities inv<span class=\"_ _2b\"></span>olving uncert<span class=\"_ _0\"></span>ainties i<span class=\"_ _2b\"></span>n the amount o<span class=\"_ _0\"></span>r timin<span class=\"_ _0\"></span>g</div>\n<div class=\"t m0 x1a h4f y993 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of payment. Pro<span class=\"_ _2\"></span>visions are recognised if ther<span class=\"_ _2\"></span>e is a present obligation<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y994 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(legal or co<span class=\"_ _0\"></span>nstruct<span class=\"_ _0\"></span>ive) to tra<span class=\"_ _0\"></span>nsfer eco<span class=\"_ _0\"></span>nomic b<span class=\"lse1 ws104\">enefits, s<span class=\"_ _2b\"></span>uch as cash flows, </span></div>\n<div class=\"t m0 x1a h4f y995 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a result of p<span class=\"_ _0\"></span>ast events<span class=\"_ _0\"></span> and if a reliab<span class=\"_ _0\"></span>le estim<span class=\"_ _0\"></span>ate can be mad<span class=\"_ _0\"></span>e at the</div>\n<div class=\"t m0 x1a h4f y996 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date of t<span class=\"_ _2b\"></span>he statement of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial pos<span class=\"_ _2b\"></span>ition. Provisi<span class=\"_ _0\"></span>ons are e<span class=\"_ _0\"></span>stablis<span class=\"_ _0\"></span>hed for</div>\n<div class=\"t m0 x1a h4f y997 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n guarant<span class=\"_ _0\"></span>ee contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>for w<span class=\"_ _0\"></span>hich Ageas<span class=\"_ _0\"></span> is respons<span class=\"_ _2b\"></span>ible to pay upon</div>\n<div class=\"t m0 x1a h4f y9c8 ffed fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">default<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">of payment.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Provi<span class=\"_ _0\"></span>sions ar<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>ed based on a<span class=\"_ _0\"></span>ll relevant </span></span></div>\n<div class=\"t m0 x1a h4f y9c9 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">factors<span class=\"_ _0\"></span> and inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n existing at th<span class=\"_ _2b\"></span>e date of the stat<span class=\"_ _2b\"></span>ement of fina<span class=\"_ _2b\"></span>ncial</div>\n<div class=\"t m0 x1a h4f y9ca ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n and are typic<span class=\"_ _2b\"></span>ally discounte<span class=\"_ _2b\"></span>d at <span class=\"_ _2\"></span>the ri<span class=\"_ _2b\"></span>sk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">free rate.</span> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 157px; width: 353px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 y99b ffef fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Contingencies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y99c ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Contingencies<span class=\"_ _0\"></span> are those uncertai<span class=\"_ _2b\"></span>nties of which<span class=\"ls0 ws0\"> </span>an amount<span class=\"_ _2b\"></span> cannot be</div>\n<div class=\"t m0 x1a h4f y99d ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reasonably est<span class=\"_ _0\"></span>imated or when it is<span class=\"_ _0\"></span> not probable t<span class=\"_ _0\"></span>hat payment will be</div>\n<div class=\"t m0 x1a h4f y99e ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">required to sett<span class=\"_ _0\"></span>le the obligation.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 57px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 62px; width: 353px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 665px; width: 353px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 839px; width: 353px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yd1d ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd1e ffed fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.15 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span></span>Equity components<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yd1f ffef fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Share cap<span class=\"_ _0\"></span>ital and sh<span class=\"_ _0\"></span>are <span class=\"lsfb wsfa\">issue<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"lse1\">costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd20 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Increm<span class=\"_ _0\"></span>ental cos<span class=\"_ _0\"></span>ts dir<span class=\"_ _0\"></span>ectly att<span class=\"_ _0\"></span>ributa<span class=\"_ _0\"></span>ble to t<span class=\"_ _0\"></span>he issue <span class=\"_ _2b\"></span>of new shares or<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd21 ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">share option<span class=\"_ _2\"></span>s, other than o<span class=\"_ _2\"></span>n a business combin<span class=\"_ _2\"></span>ation, are deduc<span class=\"_ _2\"></span>ted from</div>\n<div class=\"t m0 x1a h4f yd22 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity net<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of any re<span class=\"_ _0\"></span>lated inc<span class=\"_ _0\"></span>ome taxes<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 315px; height: 68px; width: 353px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 251px; height: 855px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 251px; height: 855px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 251px; height: 855px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 fff4 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Treasury shar<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span><span class=\"ls0 ws0\">p<span class=\"lse2 wsf1\">arent <span class=\"_ _2\"></span></span>c<span class=\"lse0 wsef\">ompan<span class=\"_ _0\"></span><span class=\"ls0 ws0\">y <span class=\"lse2 wsf1\">or<span class=\"_ _2\"></span> <span class=\"lsf4 ws10c\">its</span></span> <span class=\"lse2 wsfa\">subsidiaries <span class=\"_ _2\"></span>purchase Ageas share<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">capital<span class=\"_ _0\"></span> or obtain rig<span class=\"_ _0\"></span>hts to pu<span class=\"wsef\">rc<span class=\"_ _0\"></span>hase <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">share capit<span class=\"_ _2b\"></span>al, the </span></span></div>\n<div class=\"t m0 x7 h4f y805 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration paid includ<span class=\"_ _0\"></span>ing any att<span class=\"_ _2b\"></span>ributable trans<span class=\"_ _2b\"></span>action costs, net of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y806 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income t<span class=\"_ _0\"></span>axes, <span class=\"lse1 wsf0\">is <span class=\"lse2 ws103\">shown as a deduction from equ<span class=\"_ _2\"></span>ity.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y807 fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y808 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Dividen<span class=\"_ _2b\"></span>ds paid on treas<span class=\"_ _0\"></span>ury sh<span class=\"_ _0\"></span>ares hel<span class=\"_ _0\"></span>d by Ageas<span class=\"_ _0\"></span> compa<span class=\"_ _0\"></span>nies are</div>\n<div class=\"t m0 x7 h4f y809 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed when prepa<span class=\"_ _0\"></span>ring the <span class=\"_ _0\"></span><span class=\"ls0 ws0\">c<span class=\"lse0 wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial <span class=\"_ _2\"></span></span>s</span>tateme<span class=\"_ _2b\"></span>nts.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y80a fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80b fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas shares<span class=\"_ _2\"></span> held by Ageas<span class=\"_ _2\"></span>finlux S.A.<span class=\"ls0 ws0\">, <span class=\"_ _2\"></span></span><span class=\"lse0\">in t<span class=\"_ _2b\"></span>he context of F<span class=\"_ _0\"></span>RESH ca<span class=\"_ _2b\"></span>pital </span></div>\n<div class=\"t m0 x7 h4f y80c fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">securities<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>are <span class=\"lse0 wsef\">not<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">entitled t<span class=\"_ _2b\"></span>o dividend or ca<span class=\"_ _2b\"></span>pital. Thes<span class=\"wsf0\">e sha<span class=\"_ _2b\"></span>res are </span></span></span></div>\n<div class=\"t m0 x7 h4f y80d fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed in calculat<span class=\"_ _0\"></span>ing div<span class=\"_ _0\"></span>idend, n<span class=\"_ _0\"></span>et prof<span class=\"_ _0\"></span>it and eq<span class=\"_ _0\"></span>uity per s<span class=\"_ _2b\"></span>hare. The</div>\n<div class=\"t m0 x7 h4f y80e fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cost pric<span class=\"_ _0\"></span>e of the shares is<span class=\"_ _0\"></span> deducte<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>fr<span class=\"_ _0\"></span>om equity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 898px; height: 109px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 898px; height: 209px; width: 349px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h55 y884 fff4 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Compou<span class=\"_ _0\"></span>nd financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y885 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Compon<span class=\"_ _0\"></span>ents of c<span class=\"_ _0\"></span>ompound f<span class=\"_ _2b\"></span>inancial inst<span class=\"_ _2b\"></span>ruments (lia<span class=\"_ _0\"></span>bility a<span class=\"_ _0\"></span>nd equity</div>\n<div class=\"t m0 x7 h4f y886 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">parts) ar<span class=\"_ _0\"></span>e classifi<span class=\"_ _2b\"></span>ed <span class=\"wsfa\">in their resp<span class=\"_ _0\"></span>ective a<span class=\"_ _0\"></span>rea of t<span class=\"_ _0\"></span>he stat<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> financi<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x7 h4f y8cf fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y888 fff4 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Other equi<span class=\"_ _2\"></span>ty components<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y889 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other ele<span class=\"_ _0\"></span>ments rec<span class=\"_ _2b\"></span>orded in equity rel<span class=\"_ _0\"></span>ate to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88a fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 ws103\">D<span class=\"_ _2\"></span>irect equity movements of as<span class=\"_ _2\"></span>sociates (see paragraph 2.6<span class=\"_ _2\"></span>);</span><span class=\"fff2\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88b fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 wsfa\">F<span class=\"_ _2\"></span>oreign currency (s<span class=\"_ _2\"></span>ee paragraph 2.7);</span><span class=\"fff2\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88c fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 ls102 ws11d\">A<span class=\"_ _2\"></span>vailable</span><span class=\"fff2\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsfa\">sale inv<span class=\"_ _0\"></span>est<span class=\"lse2 ws103\">ments (see paragraph 2<span class=\"_ _2\"></span>.8.1);<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y88d fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse0 wsf0\">Cash flow hedges (s<span class=\"_ _2b\"></span>ee paragraph 2.8.<span class=\"_ _0\"></span>2);<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y88e fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 wsfa\">D<span class=\"_ _2\"></span>iscretionary partici<span class=\"_ _2\"></span>pation features (<span class=\"_ _2\"></span>see paragraph 2.8<span class=\"_ _2\"></span>.11);</span><span class=\"fff2\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88f fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 wsfa\">A<span class=\"_ _2\"></span>ctuarial gains and <span class=\"_ _2\"></span>losses on define<span class=\"_ _2\"></span>d benefit plan<span class=\"_ _2\"></span>s (see paragraph </span></span></div>\n<div class=\"t m0 x43 h4f y890 fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.13);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y891 fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 wsfa\">Sh<span class=\"_ _2\"></span>are options and r<span class=\"_ _2\"></span>estricted share plan<span class=\"_ _2\"></span>s (see paragraph 2<span class=\"_ _2\"></span>.8.13)</span><span class=\"fff2\">; </span></span></div>\n<div class=\"t m0 x43 h4f y892 fff2 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y893 fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 ws103\">D<span class=\"_ _2\"></span>ividend, treasury shares<span class=\"_ _2\"></span> and cancellation of shares.</span><span class=\"fff2\"> </span></span></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y9ad fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.16 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse1 wsf0\">Gross <span class=\"lse0 wsef\">prem<span class=\"_ _0\"></span>ium<span class=\"ls0 ws0\"> </span>incom<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h55 ycdb fff4 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Short<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">dura<span class=\"_ _2\"></span>tion versus long<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span></span>duration cont<span class=\"_ _2\"></span>racts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycdc fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A short<span class=\"ls0 ws0\">-</span>dur<span class=\"_ _0\"></span>ation in<span class=\"_ _2b\"></span>surance contr<span class=\"_ _0\"></span>act is a c<span class=\"_ _2b\"></span>ontract that pr<span class=\"_ _2b\"></span>ovides insura<span class=\"_ _0\"></span>nce</div>\n<div class=\"t m0 x7 h4f yc86 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">protect<span class=\"_ _0\"></span>ion for a f<span class=\"_ _2b\"></span>ixed <span class=\"wsf0\">period of s<span class=\"_ _0\"></span>hort durat<span class=\"_ _2b\"></span>ion and that enables<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x7 h4f yc87 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insurer t<span class=\"_ _2b\"></span>o cancel the c<span class=\"_ _0\"></span>ontract <span class=\"_ _0\"></span>or to adj<span class=\"_ _0\"></span>ust the t<span class=\"_ _0\"></span>erms of<span class=\"_ _0\"></span> the cont<span class=\"_ _0\"></span>ract at t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yc88 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">end of any cont<span class=\"_ _2b\"></span>ract period.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc89 fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc8a fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A long<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">duration contr<span class=\"_ _0\"></span>act is a contr<span class=\"_ _2b\"></span>act that generally<span class=\"_ _0\"></span> is not subject<span class=\"_ _0\"></span> to </span></span></div>\n<div class=\"t m0 x7 h4f yc8b fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unilateral <span class=\"_ _2\"></span>changes in its <span class=\"_ _2\"></span>terms,<span class=\"ls0 ws0\"> </span>such as a<span class=\"_ _2\"></span> non<span class=\"ls0 ws0\">-</span>cancellable <span class=\"_ _2\"></span>or guaranteed</div>\n<div class=\"t m0 x7 h4f yc8c fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">renewable cont<span class=\"_ _2\"></span>ract, and that requires the per<span class=\"_ _2\"></span>formance of various</div>\n<div class=\"t m0 x7 h4f yc8d fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">functio<span class=\"_ _2b\"></span>ns and services (inc<span class=\"_ _2b\"></span>luding insuranc<span class=\"_ _2b\"></span>e protection) for a<span class=\"_ _2b\"></span>n extended</div>\n<div class=\"t m0 x7 h4f yc8e fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">period.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yd24 fff4 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Premiu<span class=\"_ _0\"></span>m income w<span class=\"_ _0\"></span>hen receiv<span class=\"_ _0\"></span>ed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd25 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Premiums from <span class=\"ls0 ws0\">L<span class=\"_ _2\"></span></span>ife insurance contracts<span class=\"_ _2\"></span> an<span class=\"lse0 wsfa\">d lo<span class=\"_ _0\"></span>ng<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">duration i<span class=\"_ _2b\"></span>nvestment </span></span></div>\n<div class=\"t m0 x7 h4f yd26 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h Discret<span class=\"_ _2b\"></span>ionary Particip<span class=\"_ _2b\"></span>ation Features a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised as</div>\n<div class=\"t m0 x7 h4f yd27 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">revenue when due<span class=\"_ _2\"></span> from the policyholder<span class=\"_ _2\"></span>. Estimated future benefits and<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yd28 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span> are off<span class=\"_ _2b\"></span>set against suc<span class=\"_ _2b\"></span>h revenue in or<span class=\"_ _2b\"></span>der to recognis<span class=\"_ _2b\"></span>e profits</div>\n<div class=\"t m0 x7 h4f yd29 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">over the est<span class=\"_ _0\"></span>imated<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">life of the poli<span class=\"_ _2\"></span>cies. This matchi<span class=\"_ _2\"></span>ng is accomplished b<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yd2a fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the establ<span class=\"_ _2b\"></span>ishment of liabil<span class=\"_ _0\"></span>ities ari<span class=\"_ _0\"></span>sing from<span class=\"_ _0\"></span> insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts and</div>\n<div class=\"t m0 x1a h4f yd2b fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent contracts<span class=\"_ _0\"></span> with Dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary Pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion Fea<span class=\"_ _0\"></span>tures, a<span class=\"_ _0\"></span>nd by</div>\n<div class=\"t m0 x1a h4f yd2c fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the defer<span class=\"_ _0\"></span>ral and su<span class=\"_ _0\"></span>bseque<span class=\"_ _0\"></span>nt amortis<span class=\"_ _0\"></span>ation of upf<span class=\"_ _2b\"></span>ront expenses suc<span class=\"_ _2b\"></span>h as</div>\n<div class=\"t m0 x1a h4f yd2d fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on costs.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yd2e fff4 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Premium in<span class=\"_ _2\"></span>come when earned<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd2f fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For short<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">duration type contract<span class=\"_ _2\"></span>s (principally in </span>N<span class=\"lse2 wsf1\">on</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">life), premiums <span class=\"_ _2\"></span>are </span></span></div>\n<div class=\"t m0 x1a h4f yd30 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recorde<span class=\"_ _0\"></span>d as writt<span class=\"_ _0\"></span>en upon ince<span class=\"_ _0\"></span>ption of the co<span class=\"_ _2b\"></span>ntract. Premium<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f yd31 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent as earned o<span class=\"_ _2b\"></span>n a pro<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">rata basis over </span></div>\n<div class=\"t m0 x1a h4f yd32 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the term of the rel<span class=\"_ _2\"></span>ated policy coverage. The unea<span class=\"_ _2\"></span>rned premium reserve</div>\n<div class=\"t m0 x1a h4f yd33 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">represe<span class=\"_ _0\"></span>nts the port<span class=\"_ _2b\"></span>ion of the premium<span class=\"_ _0\"></span>s written rel<span class=\"_ _2b\"></span>ating to the unexpi<span class=\"_ _0\"></span>red</div>\n<div class=\"t m0 x1a h4f yd34 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">terms of the cov<span class=\"_ _2\"></span>erage.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 914px; height: 188px; width: 351px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 284px; height: 314px; width: 350px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h4f yd35 fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.17<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span><span class=\"lsf4 ws10c\">Interest, <span class=\"ls102 ws11d\">d<span class=\"_ _2\"></span>ividend</span></span> <span class=\"lse0 wsf0\">and other inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> income<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd36 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For all int<span class=\"_ _0\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">bea</span></span><span class=\"wsfa\">ring ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nts (whet<span class=\"_ _2b\"></span>her classifie<span class=\"_ _0\"></span>d as hel<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-</span></span></div>\n<div class=\"t m0 x1a h4f yd37 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">maturity, avai<span class=\"_ _2\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">for</span>-<span class=\"lse0 wsf0\">sale, held at f<span class=\"_ _0\"></span>air value thr<span class=\"_ _2b\"></span>ough profit or loss,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd38 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ives or oth<span class=\"_ _0\"></span>er assets o<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>liab<span class=\"_ _2b\"></span>ilities), interes<span class=\"_ _0\"></span>t incom<span class=\"_ _0\"></span>e and inter<span class=\"_ _0\"></span>est</div>\n<div class=\"t m0 x1a h4f yd39 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expense is<span class=\"_ _0\"></span> recogni<span class=\"_ _0\"></span>sed in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement on an ac<span class=\"_ _2b\"></span>crual b<span class=\"lse2 wsf1\">asis<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd3a fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">using t<span class=\"_ _0\"></span>he effect<span class=\"_ _2b\"></span>ive interest m<span class=\"_ _0\"></span>ethod b<span class=\"_ _0\"></span>ased on t<span class=\"_ _2b\"></span>he actual purch<span class=\"_ _2b\"></span>ase price</div>\n<div class=\"t m0 x1a h4f yd3b fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">includi<span class=\"_ _0\"></span>ng direct<span class=\"_ _0\"></span> trans<span class=\"_ _2b\"></span>action costs. I<span class=\"_ _0\"></span>nterest <span class=\"_ _0\"></span>income i<span class=\"_ _2b\"></span>ncludes coup<span class=\"_ _0\"></span>ons</div>\n<div class=\"t m0 x1a h4f yd3c fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earned on fi<span class=\"_ _0\"></span>xed and fl<span class=\"_ _0\"></span>oating rat<span class=\"_ _2b\"></span>e income instrum<span class=\"_ _0\"></span>ents and the ac<span class=\"_ _0\"></span>cretio<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x1a h4f yd3d fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">or amort<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of the tr<span class=\"_ _2b\"></span>ansaction cost<span class=\"_ _2b\"></span><span class=\"wsf0\">s, premium or disc<span class=\"_ _0\"></span>ount. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd3e fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd3f fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Once a fi<span class=\"_ _2b\"></span>nancial asset <span class=\"_ _0\"></span>has bee<span class=\"_ _0\"></span>n writte<span class=\"_ _0\"></span>n down to <span class=\"_ _0\"></span>its est<span class=\"_ _0\"></span>imated</div>\n<div class=\"t m0 x1a h4f yd40 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt, interest income is sub<span class=\"_ _2\"></span>sequently recognised based</div>\n<div class=\"t m0 x1a h4f yd41 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the effec<span class=\"_ _0\"></span>tive int<span class=\"_ _0\"></span>erest rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>that w<span class=\"_ _0\"></span>as used to di<span class=\"_ _0\"></span>scount th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>futu<span class=\"_ _2b\"></span>re cash</div>\n<div class=\"t m0 x1a h4f yd42 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows for th<span class=\"_ _0\"></span>e <span class=\"wsfa\">purpo<span class=\"_ _0\"></span>se of meas<span class=\"_ _2b\"></span>uring the recov<span class=\"_ _2b\"></span>erable amount<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y8bc fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f y8bd fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Dividen<span class=\"_ _2b\"></span>ds are recognised in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt when they a<span class=\"_ _0\"></span>re</div>\n<div class=\"t m0 x1a h4f y8be fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 630px; height: 21px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x1a h4f y8bf fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c0 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas act<span class=\"_ _0\"></span>s as a lessor un<span class=\"_ _2b\"></span>der non<span class=\"ls0 ws0\">-</span>cancellabl<span class=\"_ _0\"></span>e lease con<span class=\"_ _0\"></span>tracts that<span class=\"_ _0\"></span> may</div>\n<div class=\"t m0 x1a h4f yd43 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contain renewa<span class=\"_ _2\"></span>l options for investment prope<span class=\"_ _2\"></span>rty and certain proper<span class=\"lsfc ws115\">ti<span class=\"_ _2\"></span>es </span></div>\n<div class=\"t m0 x1a h4f yd44 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">held for own us<span class=\"_ _2b\"></span>e. Rental incom<span class=\"_ _0\"></span>e and other inc<span class=\"_ _0\"></span>ome is rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d, net of</div>\n<div class=\"t m0 x1a h4f yd45 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease incentiv<span class=\"_ _2\"></span>es granted to lessees, on a st<span class=\"_ _2\"></span>raight line basis, unless<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd46 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">there is compell<span class=\"_ _2\"></span>ing evidence that benefi<span class=\"_ _2\"></span>ts do not accrue evenly over the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd47 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period of t<span class=\"_ _0\"></span>he lease.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 372px; width: 351px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h4f yd48 fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.18 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span></span>Realised<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and unrea<span class=\"_ _2\"></span>lised gains and los<span class=\"_ _2\"></span>ses<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yca8 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For fin<span class=\"_ _0\"></span>ancial i<span class=\"_ _0\"></span>nstrume<span class=\"_ _0\"></span>nts class<span class=\"_ _2b\"></span>ified as avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-</span><span class=\"lse2\">sal<span class=\"_ _2\"></span>e, realised gains </span></div>\n<div class=\"t m0 x1a h4f yca9 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or losses o<span class=\"_ _0\"></span>n sales and div<span class=\"_ _0\"></span>estme<span class=\"_ _0\"></span>nts repres<span class=\"_ _0\"></span>ent the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e between</div>\n<div class=\"t m0 x1a h4f ycaa fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the proc<span class=\"_ _2b\"></span>eeds received a<span class=\"_ _0\"></span>nd the i<span class=\"_ _2b\"></span>nitial book val<span class=\"_ _2b\"></span>ue of the asset s<span class=\"_ _0\"></span>old, min<span class=\"_ _0\"></span>us</div>\n<div class=\"t m0 x1a h4f ycab fff2 fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">any im<span class=\"lse0 wsf0\">pairment los<span class=\"_ _0\"></span>ses recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>, and after </span></div>\n<div class=\"t m0 x1a h4f ycac fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">adjustment <span class=\"_ _2\"></span>for the impact of<span class=\"_ _2\"></span> any hedge accounti<span class=\"_ _2\"></span>ng. Realised gains <span class=\"_ _2\"></span>and</div>\n<div class=\"t m0 x1a h4f ycad fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">losses on sales<span class=\"_ _2\"></span> are included in the income sta<span class=\"_ _2\"></span>tement under \u2018Result on</div>\n<div class=\"t m0 x1a h4f ycae fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">sales and <span class=\"_ _2\"></span>revaluations\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycaf fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb0 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For financial in<span class=\"_ _2\"></span>struments me<span class=\"lse0 wsfa\">asured at<span class=\"_ _2b\"></span> fair value thro<span class=\"_ _2b\"></span>ugh profit or lo<span class=\"_ _0\"></span>ss, </span></div>\n<div class=\"t m0 x1a h4f ycb1 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>arrying v<span class=\"_ _0\"></span>alue at t<span class=\"_ _2b\"></span>he end of the c<span class=\"_ _0\"></span>urrent</div>\n<div class=\"t m0 x1a h4f ycb2 fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">reporting per<span class=\"_ _2\"></span>iod versus the pre<span class=\"_ _2\"></span>vious reporting p<span class=\"_ _2\"></span>eriod is included<span class=\"_ _2\"></span> in the</div>\n<div class=\"t m0 x1a h4f yd49 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement under \u2018Res<span class=\"_ _0\"></span>ult on sal<span class=\"_ _0\"></span>es and reval<span class=\"_ _0\"></span>uations<span class=\"_ _0\"></span>\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 199px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 597px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 807px; width: 351px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 284px; height: 319px; width: 350px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 283px; height: 823px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 283px; height: 823px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 283px; height: 823px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For deri<span class=\"_ _0\"></span>vatives,<span class=\"_ _0\"></span> the dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _2b\"></span>e between the c<span class=\"_ _2b\"></span>arrying clea<span class=\"_ _0\"></span>n fair val<span class=\"_ _2b\"></span>ue (i.e.</div>\n<div class=\"t m0 x7 h4f y803 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">excludi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nrealis<span class=\"_ _2b\"></span>ed portion of t<span class=\"_ _0\"></span>he inter<span class=\"_ _0\"></span>est accr<span class=\"_ _2b\"></span>uals) at the en<span class=\"_ _2b\"></span>d of</div>\n<div class=\"t m0 x7 h4f y804 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the current repor<span class=\"_ _2\"></span>ting period versus the pre<span class=\"_ _2\"></span>vious reporting period<span class=\"_ _2\"></span> is</div>\n<div class=\"t m0 x7 h4f y805 fff7 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">inclu<span class=\"_ _2\"></span><span class=\"lse0\">ded i<span class=\"_ _2b\"></span>n the income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> under \u2018R<span class=\"_ _2b\"></span>esults on sal<span class=\"_ _0\"></span>es and </span></div>\n<div class=\"t m0 x7 h4f y806 fff7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">revaluat<span class=\"_ _2b\"></span>ions\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Upon de<span class=\"_ _0\"></span>recogni<span class=\"_ _0\"></span>tion or <span class=\"_ _0\"></span>upon im<span class=\"_ _0\"></span>pairment<span class=\"_ _0\"></span> of a fin<span class=\"_ _0\"></span>ancial <span class=\"_ _0\"></span>asset, t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y809 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unreal<span class=\"_ _0\"></span>ised gains a<span class=\"_ _0\"></span>nd losses p<span class=\"_ _0\"></span>revious<span class=\"_ _0\"></span>ly recogn<span class=\"_ _0\"></span>ised direc<span class=\"_ _0\"></span>tly in equ<span class=\"_ _0\"></span>ity are</div>\n<div class=\"t m0 x7 h4f y80a fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recycled throug<span class=\"_ _2\"></span>h the income statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 961px; height: 136px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 961px; height: 141px; width: 351px; z-index: 5;\"><br/></div>\n\n\n<div class=\"t m0 x7 h4f y8cd fff7 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.19 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsf0\">Fe<span class=\"_ _0\"></span>e and commis<span class=\"_ _0\"></span>sion inc<span class=\"_ _2b\"></span>ome<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yc80 fff9 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Fees as i<span class=\"_ _2\"></span>ntegral <span class=\"wsf1\">part<span class=\"ls0 ws0\"> </span></span><span class=\"lse0\">of effective i<span class=\"_ _2b\"></span>nterest rate<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc81 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Fees th<span class=\"_ _0\"></span>at are an <span class=\"_ _0\"></span>integr<span class=\"_ _0\"></span>al part of<span class=\"_ _0\"></span> the ef<span class=\"_ _2b\"></span>fective inter<span class=\"_ _0\"></span>est rate<span class=\"_ _0\"></span> of a fin<span class=\"_ _0\"></span>ancial</div>\n<div class=\"t m0 x7 h4f yc82 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent are gen<span class=\"_ _0\"></span>erally tr<span class=\"_ _0\"></span>eated as an<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>adjus<span class=\"_ _0\"></span>tment to t<span class=\"_ _0\"></span>he effecti<span class=\"_ _0\"></span>ve</div>\n<div class=\"t m0 x7 h4f yc83 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate. T<span class=\"_ _2b\"></span>his is the case f<span class=\"_ _0\"></span>or o<span class=\"wsf0\">rigi<span class=\"_ _0\"></span>nation fe<span class=\"_ _0\"></span>es, receiv<span class=\"_ _2b\"></span>ed as </span></div>\n<div class=\"t m0 x7 h4f yc84 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compens<span class=\"_ _2b\"></span>ation for activit<span class=\"_ _0\"></span>ies such as ev<span class=\"_ _2b\"></span>aluating the borr<span class=\"_ _0\"></span>ower\u2019s fin<span class=\"_ _0\"></span>ancial</div>\n<div class=\"t m0 x7 h4f yc85 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conditi<span class=\"_ _0\"></span>on, evalu<span class=\"_ _2b\"></span>ating and recordi<span class=\"_ _0\"></span>ng guarant<span class=\"_ _0\"></span>ees, etc. a<span class=\"_ _2b\"></span>nd also for</div>\n<div class=\"t m0 x7 h4f y887 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">origin<span class=\"_ _0\"></span>ation fees r<span class=\"_ _0\"></span>eceived on i<span class=\"_ _0\"></span>ssuing f<span class=\"_ _0\"></span>inancial l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies measur<span class=\"_ _2b\"></span>ed at</div>\n<div class=\"t m0 x7 h4f y888 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost. Bo<span class=\"_ _2b\"></span>th <span class=\"_ _2\"></span>ty<span class=\"_ _0\"></span>pes of fees a<span class=\"_ _0\"></span>re deferre<span class=\"_ _0\"></span>d and are rec<span class=\"_ _0\"></span>ognised as</div>\n<div class=\"t m0 x7 h4f y889 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an adjust<span class=\"_ _0\"></span>ment to the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _0\"></span>e interest<span class=\"_ _0\"></span> rate of the un<span class=\"_ _0\"></span>derlying f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x7 h4f y88a fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent, meas<span class=\"_ _2b\"></span>ured at amortise<span class=\"_ _0\"></span>d cost. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88b fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y88c fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the f<span class=\"_ _2b\"></span>inancial inst<span class=\"_ _0\"></span>rument <span class=\"_ _0\"></span>is meas<span class=\"_ _0\"></span>ured at f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it or</div>\n<div class=\"t m0 x7 h4f y88d fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss, t<span class=\"_ _0\"></span>he fees <span class=\"wsf0\">ar<span class=\"_ _2b\"></span>e recognised as rev<span class=\"_ _2b\"></span>enue when the inst<span class=\"_ _0\"></span>rument is<span class=\"_ _0\"></span> initially<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y88e fff7 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">recognised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y9a8 fff9 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Fees recogn<span class=\"_ _2\"></span>ised as services a<span class=\"_ _2\"></span>re provided<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9a9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fees are gen<span class=\"_ _2b\"></span>erally recogni<span class=\"_ _0\"></span>sed as rev<span class=\"_ _0\"></span>enue as the se<span class=\"_ _0\"></span>rvices ar<span class=\"_ _0\"></span>e provide<span class=\"_ _0\"></span>d.</div>\n<div class=\"t m0 x7 h4f y9aa fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">If it i<span class=\"_ _2\"></span>s unlikely that a<span class=\"_ _2\"></span> specific lending<span class=\"_ _2\"></span> arrangement wil<span class=\"_ _2\"></span>l be <span class=\"lse0 wsf0\">enter<span class=\"_ _0\"></span>ed into </span></div>\n<div class=\"t m0 x7 h4f y9ab fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the loan commit<span class=\"_ _2\"></span>ment is not considered a de<span class=\"_ _2\"></span>rivative, the commitment</div>\n<div class=\"t m0 x7 h4f y9ac fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fee is recog<span class=\"_ _0\"></span>nised as<span class=\"_ _0\"></span> revenue on a tim<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>pro<span class=\"_ _2b\"></span>portion basis ov<span class=\"_ _0\"></span>er the</div>\n<div class=\"t m0 x7 h4f y9ad fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">commitment per<span class=\"_ _2\"></span>iod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9ae fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9af fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Reinsurance <span class=\"_ _2\"></span>commissions are rec<span class=\"_ _2\"></span>ognised as earned<span class=\"_ _2\"></span>, reinsurance</div>\n<div class=\"t m0 x7 h4f y9b0 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _0\"></span>eatures ar<span class=\"_ _2b\"></span>e recognised as reve<span class=\"_ _2b\"></span>nue upon receipt.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yc87 fff9 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Fees recognised<span class=\"_ _2\"></span> upon completion of the underly<span class=\"_ _2\"></span>ing transaction<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc88 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fees aris<span class=\"_ _0\"></span>ing from neg<span class=\"_ _2b\"></span>otiating or parti<span class=\"_ _0\"></span>cipating i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the n<span class=\"_ _0\"></span>egotiat<span class=\"_ _0\"></span>ion of a</div>\n<div class=\"t m0 x7 h4f yc89 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion for a third party,<span class=\"_ _0\"></span> are recog<span class=\"_ _0\"></span>nised upo<span class=\"_ _0\"></span>n complet<span class=\"_ _0\"></span>ion of the</div>\n<div class=\"t m0 x7 h4f yc8a fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">underly<span class=\"_ _0\"></span>ing tran<span class=\"_ _0\"></span>sactio<span class=\"_ _2b\"></span>n. Commission <span class=\"_ _0\"></span>revenu<span class=\"_ _0\"></span>e is reco<span class=\"_ _2b\"></span>gnised when th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f yc8b fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">perform<span class=\"_ _2b\"></span>ance obligati<span class=\"_ _0\"></span>on is com<span class=\"_ _2b\"></span>plete. Loan sy<span class=\"_ _0\"></span>ndicat<span class=\"_ _0\"></span>ion fees a<span class=\"_ _0\"></span>re</div>\n<div class=\"t m0 x7 h4f yc8c fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as reve<span class=\"_ _0\"></span>nue when the s<span class=\"_ _0\"></span>yndicat<span class=\"_ _0\"></span>ion has bee<span class=\"_ _0\"></span>n complet<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yce0 fff9 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Fee from<span class=\"_ _0\"></span> invest<span class=\"_ _0\"></span>ment c<span class=\"_ _0\"></span>ontracts<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yce1 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Revenues from in<span class=\"_ _2\"></span>vestment contracts,<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">of which the c<span class=\"_ _0\"></span>overed <span class=\"_ _0\"></span>insura<span class=\"_ _0\"></span>nce </span></span></div>\n<div class=\"t m0 x7 h4f yd24 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">risk is n<span class=\"_ _0\"></span>ot sign<span class=\"_ _0\"></span>ificant,<span class=\"_ _0\"></span> consis<span class=\"_ _0\"></span>t of fees<span class=\"_ _0\"></span> for the c<span class=\"_ _2b\"></span>overage of ins<span class=\"_ _2b\"></span>urance,</div>\n<div class=\"t m0 x7 h4f yd25 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">administ<span class=\"_ _2b\"></span>ration fees and sur<span class=\"_ _2b\"></span>render charges. F<span class=\"_ _0\"></span>ees are rec<span class=\"_ _0\"></span>ognised as</div>\n<div class=\"t m0 x7 h4f yd26 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">revenu<span class=\"_ _0\"></span>e as the s<span class=\"_ _0\"></span>ervic<span class=\"_ _0\"></span>es are prov<span class=\"_ _2b\"></span>ided. Expens<span class=\"_ _0\"></span>es inclu<span class=\"_ _0\"></span>de mort<span class=\"_ _2b\"></span>ality claims</div>\n<div class=\"t m0 x7 h4f yd27 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and inter<span class=\"_ _0\"></span>est c<span class=\"lse2 wsf1\">redited.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 629px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 792px; width: 351px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h4f yd4c fff7 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.20 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsef\">Inc<span class=\"_ _2b\"></span>ome<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">tax</span> </span></span></span></div>\n<div class=\"t m0 x1a h55 yce7 fff9 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Current <span class=\"_ _2\"></span><span class=\"lsfc ws115\">tax<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yce8 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Current t<span class=\"_ _2b\"></span>ax is the amou<span class=\"_ _0\"></span>nt of inc<span class=\"_ _0\"></span>ome tax<span class=\"_ _0\"></span>es payab<span class=\"_ _2b\"></span>le (recovera<span class=\"_ _0\"></span>ble) in</div>\n<div class=\"t m0 x1a h4f yce9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect of<span class=\"_ _0\"></span> the taxabl<span class=\"_ _0\"></span>e profit (tax<span class=\"_ _0\"></span> loss) for a p<span class=\"_ _0\"></span>eriod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycea fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yceb fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Income tax<span class=\"_ _0\"></span> payabl<span class=\"_ _0\"></span>e on profits is<span class=\"_ _0\"></span> recognis<span class=\"_ _2b\"></span>ed as an expense base<span class=\"_ _2b\"></span>d on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f yd4d fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applicable ta<span class=\"_ _2\"></span>x laws in<span class=\"ls0 ws0\"> </span>each jurisdi<span class=\"_ _2\"></span>ction in the period in which pro<span class=\"_ _2\"></span>fits</div>\n<div class=\"t m0 x1a h4f yd4e fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">arise. T<span class=\"_ _0\"></span>he tax <span class=\"_ _0\"></span>effects<span class=\"_ _0\"></span> of incom<span class=\"_ _2b\"></span>e tax losses av<span class=\"_ _0\"></span>ailabl<span class=\"_ _0\"></span>e for car<span class=\"_ _0\"></span>ry<span class=\"ls0 ws0\">-</span><span class=\"wsef\">forwar<span class=\"_ _0\"></span>d </span></div>\n<div class=\"t m0 x1a h4f yd4f fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are reco<span class=\"_ _0\"></span>gnised <span class=\"_ _0\"></span>as a defe<span class=\"_ _2b\"></span>rred tax asset if<span class=\"_ _0\"></span> it is p<span class=\"_ _0\"></span>robable t<span class=\"_ _2b\"></span>hat future</div>\n<div class=\"t m0 x1a h4f yd50 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">taxabl<span class=\"_ _0\"></span>e profit w<span class=\"_ _0\"></span>ill be a<span class=\"_ _0\"></span>vailabl<span class=\"_ _0\"></span>e agains<span class=\"_ _0\"></span>t whic<span class=\"_ _0\"></span>h those lo<span class=\"_ _2b\"></span>sses can b<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f yd51 fff7 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">utilised<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd52 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd35 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If a leg<span class=\"_ _0\"></span>al entity <span class=\"_ _0\"></span>assess<span class=\"_ _2b\"></span>es that it is not<span class=\"_ _0\"></span> prob<span class=\"_ _0\"></span>able that t<span class=\"_ _2b\"></span>he relevant ta<span class=\"_ _0\"></span>xation</div>\n<div class=\"t m0 x1a h4f yd36 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">authorit<span class=\"_ _0\"></span>y will acce<span class=\"_ _2b\"></span>pt the tax treatment<span class=\"_ _0\"></span> applie<span class=\"_ _0\"></span>d, that lega<span class=\"_ _0\"></span>l entity ref<span class=\"_ _0\"></span>lects</div>\n<div class=\"t m0 x1a h4f yd37 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the effect of<span class=\"_ _0\"></span> uncert<span class=\"_ _0\"></span>ainty for eac<span class=\"_ _2b\"></span>h uncertain tax tre<span class=\"_ _2b\"></span>atment by using eit<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x1a h4f yd38 fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the most l<span class=\"_ _2\"></span>ikel<span class=\"lse0 wsf0\">y amount o<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>the ex<span class=\"_ _0\"></span>pected va<span class=\"_ _0\"></span>lue base<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>on a ran<span class=\"_ _0\"></span>ge of </span></div>\n<div class=\"t m0 x1a h4f yd39 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">possibl<span class=\"_ _0\"></span>e outcomes<span class=\"_ _2b\"></span>, depending on whi<span class=\"_ _0\"></span>ch method<span class=\"_ _0\"></span> better pre<span class=\"_ _0\"></span>dicts the</div>\n<div class=\"t m0 x1a h4f yd3a fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">resolut<span class=\"_ _0\"></span>ion of th<span class=\"_ _2b\"></span>e uncertainty.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yd53 fff9 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd54 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred tax lia<span class=\"_ _2\"></span>bilities are the amounts of<span class=\"_ _2\"></span> income taxes payable in future</div>\n<div class=\"t m0 x1a h4f yd55 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">periods i<span class=\"_ _0\"></span>n respect of<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">taxable temp<span class=\"_ _2\"></span>orary differences. Deferred t<span class=\"_ _2\"></span>ax assets </span></span></div>\n<div class=\"t m0 x1a h4f yd56 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are the amount<span class=\"_ _2\"></span>s of income taxes recoverable<span class=\"_ _2\"></span> in future periods in respec<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x1a h4f yd57 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of deducti<span class=\"_ _2b\"></span>ble temporary dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _0\"></span>es, the car<span class=\"_ _0\"></span>ry forwar<span class=\"_ _0\"></span>d of unused t<span class=\"_ _0\"></span>ax</div>\n<div class=\"t m0 x1a h4f yd58 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">losses an<span class=\"_ _0\"></span>d of unused tax<span class=\"_ _0\"></span> credits<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd59 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd5a fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred tax is prov<span class=\"_ _2\"></span>ided in<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">full, using t<span class=\"_ _0\"></span>he statem<span class=\"_ _2b\"></span>ent of financial pos<span class=\"_ _0\"></span>ition </span></span></div>\n<div class=\"t m0 x1a h4f yd5b fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y method,<span class=\"_ _0\"></span> on tempora<span class=\"_ _2b\"></span>ry differences ari<span class=\"_ _0\"></span>sing betw<span class=\"_ _2b\"></span>een the tax bases</div>\n<div class=\"t m0 x1a h4f yd5c fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of assets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties and the<span class=\"_ _2b\"></span>ir carrying amou<span class=\"_ _0\"></span>nts in the Co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f yd5d fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al Statements.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd5e fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd5f fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The rates e<span class=\"_ _0\"></span>nacted or su<span class=\"_ _0\"></span>bstanti<span class=\"_ _2b\"></span>vely ena<span class=\"wsfa\">cted at t<span class=\"_ _2b\"></span>he date of th<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent </span></div>\n<div class=\"t m0 x1a h4f y8c1 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of fina<span class=\"_ _0\"></span>ncial pos<span class=\"_ _2b\"></span>ition are use<span class=\"_ _0\"></span>d to deter<span class=\"_ _2b\"></span>mine the defer<span class=\"_ _0\"></span>red tax<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8c2 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c3 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax assets a<span class=\"_ _0\"></span>re recog<span class=\"_ _0\"></span>nised to<span class=\"_ _0\"></span> the exte<span class=\"_ _2b\"></span>nt that it is pr<span class=\"_ _0\"></span>obable t<span class=\"_ _0\"></span>hat</div>\n<div class=\"t m0 x1a h4f y8c4 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">suffici<span class=\"_ _0\"></span>ent futu<span class=\"_ _0\"></span>re tax<span class=\"_ _0\"></span>able prof<span class=\"_ _0\"></span>it wil<span class=\"_ _0\"></span>l be avai<span class=\"_ _0\"></span>lable t<span class=\"_ _0\"></span>o allow t<span class=\"_ _0\"></span>he benef<span class=\"_ _0\"></span>it of part<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y8c5 fff7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or <span class=\"wsf0\">the entire d<span class=\"_ _0\"></span>eferred t<span class=\"_ _0\"></span>ax asset to b<span class=\"_ _0\"></span>e utilise<span class=\"_ _0\"></span>d.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd48 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yca8 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax liabilit<span class=\"_ _0\"></span>ies are p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>d on taxab<span class=\"_ _2b\"></span>le temporary<span class=\"_ _0\"></span> differe<span class=\"_ _0\"></span>nces</div>\n<div class=\"t m0 x1a h4f yca9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">arising f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tments i<span class=\"_ _0\"></span>n subsidi<span class=\"_ _0\"></span>aries, ass<span class=\"_ _2b\"></span>ociates, and joint<span class=\"_ _0\"></span> ventures<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x1a h4f ycaa fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">except w<span class=\"_ _2b\"></span>here the timin<span class=\"_ _0\"></span>g of the <span class=\"_ _0\"></span>reversal <span class=\"_ _0\"></span>of the t<span class=\"_ _0\"></span>emporar<span class=\"_ _2b\"></span>y difference c<span class=\"_ _0\"></span>an</div>\n<div class=\"t m0 x1a h4f ycab fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">be contr<span class=\"_ _2b\"></span>olled and it is <span class=\"_ _0\"></span>probable t<span class=\"_ _2b\"></span>hat the diff<span class=\"_ _0\"></span>erence w<span class=\"_ _0\"></span>ill not re<span class=\"_ _2b\"></span>verse in the</div>\n<div class=\"t m0 x1a h4f ycac fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">foreseeable fu<span class=\"_ _2\"></span>ture.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycad fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycae fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Current <span class=\"_ _2b\"></span>and deferred t<span class=\"_ _0\"></span>ax relat<span class=\"_ _0\"></span>ed to fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e remeas<span class=\"_ _2b\"></span>urement of ite<span class=\"_ _0\"></span>ms in</div>\n<div class=\"t m0 x1a h4f ycaf fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the stat<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> financi<span class=\"_ _2b\"></span>al position wh<span class=\"_ _2b\"></span>ich are c<span class=\"lse2\">harged or cre<span class=\"_ _2\"></span>dited directly </span></div>\n<div class=\"t m0 x1a h4f ycb0 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to equity (s<span class=\"_ _0\"></span>uch as avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-</span>sale investme<span class=\"_ _0\"></span>nts and cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span>flow hedges<span class=\"_ _2b\"></span>)</div>\n<div class=\"t m0 x1a h4f ycb1 fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is also <span class=\"_ _2\"></span>credited or charged <span class=\"_ _2\"></span>directly to equi<span class=\"_ _2\"></span>ty and is subsequen<span class=\"_ _2\"></span>tly</div>\n<div class=\"t m0 x1a h4f ycb2 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent together wi<span class=\"_ _0\"></span>th the d<span class=\"_ _2b\"></span>eferred gain o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f yd49 fff7 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 482px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 802px; width: 352px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 807px; width: 352px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 299px; height: 807px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 299px; height: 807px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 299px; height: 807px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 fffb fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.21 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span></span>Ear<span class=\"wsfa\">nings per share<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Basic earnin<span class=\"_ _2\"></span>gs per share are<span class=\"_ _2\"></span> calculated by di<span class=\"_ _2\"></span>viding net resul<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x7 h4f y804 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">attribut<span class=\"_ _2b\"></span>able to ordinary sh<span class=\"_ _2b\"></span>areholders by the w<span class=\"_ _2b\"></span>eighted averag<span class=\"_ _0\"></span>e number of</div>\n<div class=\"t m0 x7 h4f y805 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">ordinary <span class=\"_ _2\"></span>shares in issue d<span class=\"_ _2\"></span>uring the year, e<span class=\"_ _2\"></span>xcluding the average<span class=\"_ _2\"></span> number</div>\n<div class=\"t m0 x7 h4f y806 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of ordina<span class=\"_ _0\"></span>ry shares pu<span class=\"_ _0\"></span>rchased<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>by Ag<span class=\"_ _0\"></span>eas and hel<span class=\"_ _0\"></span>d as treasu<span class=\"_ _0\"></span>ry shares.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 fffb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For the dil<span class=\"_ _0\"></span>uted earni<span class=\"_ _0\"></span>ngs per shar<span class=\"_ _0\"></span>e, the weig<span class=\"_ _2b\"></span>hted average numb<span class=\"_ _0\"></span>er of</div>\n<div class=\"t m0 x7 h4f y809 fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">ordinary share<span class=\"_ _2\"></span>s in issue is adjusted to assum<span class=\"_ _2\"></span>e conversion of all dilutiv<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x7 h4f y80a fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">potenti<span class=\"_ _0\"></span>al ordina<span class=\"_ _2b\"></span>ry <span class=\"_ _2\"></span>sha<span class=\"_ _0\"></span>res, suc<span class=\"_ _0\"></span>h as convert<span class=\"_ _0\"></span>ible debt,<span class=\"_ _0\"></span> preferr<span class=\"_ _0\"></span>ed shares<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y80b fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">share opti<span class=\"lse0 wsf0\">ons and restrict<span class=\"_ _0\"></span>ed shares g<span class=\"_ _0\"></span>ranted to e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es. Potent<span class=\"_ _2b\"></span>ial or </span></div>\n<div class=\"t m0 x1a h4f yc3c fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contingent shar<span class=\"_ _2\"></span>e issuances are treated as dil<span class=\"_ _2\"></span>utive when their conversion<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd61 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">to shares<span class=\"_ _2\"></span> would decrease net<span class=\"_ _2\"></span> earnings per shar<span class=\"_ _2\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd62 fffb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd63 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The impact <span class=\"_ _2\"></span>of discontinued o<span class=\"_ _2\"></span>perations on the ba<span class=\"_ _2\"></span>sic and diluted e<span class=\"_ _2\"></span>arnings</div>\n<div class=\"t m0 x1a h4f yd64 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">per share is s<span class=\"_ _0\"></span>hown by div<span class=\"_ _0\"></span>iding net r<span class=\"_ _0\"></span>esult bef<span class=\"_ _2b\"></span>ore discontinued o<span class=\"_ _2b\"></span>perations</div>\n<div class=\"t m0 x1a h4f yd65 fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">by the weighted<span class=\"_ _2\"></span> average number of ordinary share<span class=\"_ _2\"></span>s in issue during the</div>\n<div class=\"t m0 x1a h4f yd66 fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">year, excluding<span class=\"_ _2\"></span> the average number of ord<span class=\"wsfa\">i<span class=\"_ _2\"></span>nary shares purcha<span class=\"_ _2\"></span>sed by </span></div>\n<div class=\"t m0 x1a h4f yd67 fffb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas a<span class=\"_ _0\"></span>nd held as<span class=\"_ _2b\"></span> treasury shar<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 944px; height: 162px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 944px; height: 162px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 944px; height: 162px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 944px; height: 162px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">A<span class=\"_ _2b\"></span>cquisitions<span class=\"_ _2b\"></span>, disposals and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">disposa<span class=\"_ _2\"></span>l group held for sale</div>\n<div class=\"t m0 x7 h75 yd6c ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">The following significant</div>\n<div class=\"t m0 x7 h75 yd6d ff100 fs49 fc14 sc0 ls11a ws13b\" style=\"z-index: 15;\">acquisitions and <span class=\"ws0\">disposals were </span></div>\n<div class=\"t m0 x7 h75 yd6e ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">made in <span class=\"ls11a ws13c\">2022<span class=\"ls0 ws0\"> </span></span><span class=\"ws13d\">and <span class=\"ls11a ws13c\">2021<span class=\"ws0\">. Details of </span></span></span></div>\n<div class=\"t m0 x7 h75 yd6f ff100 fs49 fc14 sc0 ls11a ws13b\" style=\"z-index: 15;\">acquisitions and disposals, if any,</div>\n<div class=\"t m0 x7 h75 yd70 ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">which took place after the date of</div>\n<div class=\"t m0 x7 h75 yd71 ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">the statement of financial position,</div>\n<div class=\"t m0 x7 h75 yd72 ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">are included in note 4<span class=\"ls0 ws0\">4 <span class=\"_ _2\"></span></span><span class=\"ws13e\">Events after </span></div>\n<div class=\"t m0 x7 h75 yd73 ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">the date of the statement of</div>\n<div class=\"t m0 x7 h75 yd74 ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">financial position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h76 yd75 ff101 fs4a fcf sc0 ls11b ws13f\" style=\"z-index: 15;\">3.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h76 yd76 ff101 fs4a fcf sc0 ls11c ws140\" style=\"z-index: 15;\">Acquisit<span class=\"ls11d ws141\">ions <span class=\"_ _2\"></span>in 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h74 yd77 fffe fs48 fc1f sc0 ls117 ws142\" style=\"z-index: 15;\">Additional i<span class=\"_ _2\"></span>nterest in AFLIC<span class=\"_ _2\"></span> (Asia<span class=\"ls0 ws0\">) </span></div>\n<div class=\"t m0 x26 h74 yd78 fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">On 20 May 202<span class=\"_ _0\"></span>2, Ageas si<span class=\"_ _0\"></span>gned an agr<span class=\"_ _0\"></span>eement to i<span class=\"_ _0\"></span>ncrease it<span class=\"_ _0\"></span>s interest i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e joint vent<span class=\"_ _2b\"></span>ure Ageas</div>\n<div class=\"t m0 x26 h74 yd79 fffe fs48 fc14 sc0 ls11e ws142\" style=\"z-index: 15;\">Federal <span class=\"_ _0\"></span>Life In<span class=\"_ _0\"></span>suranc<span class=\"_ _0\"></span>e Compa<span class=\"_ _0\"></span>ny Ltd (<span class=\"_ _0\"></span>AFLIC) f<span class=\"_ _0\"></span>rom 49% t<span class=\"_ _2b\"></span>o 74% for a cas<span class=\"_ _0\"></span>h consi<span class=\"_ _0\"></span>deratio<span class=\"_ _0\"></span>n of INR 5.<span class=\"_ _2b\"></span>8</div>\n<div class=\"t m0 x26 h74 yd7a fffe fs48 fc14 sc0 ls11f ws143\" style=\"z-index: 15;\">billion<span class=\"_ _2\"></span><span class=\"ls117 ws142\">. This transaction<span class=\"_ _2\"></span> <span class=\"ws138\">was </span><span class=\"ls120\">closed<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> o</span><span class=\"ls11e\">n 19 Septe<span class=\"_ _0\"></span>mber 20<span class=\"_ _0\"></span>22. Unde<span class=\"_ _0\"></span>r IFRS,<span class=\"_ _0\"></span> this tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _0\"></span>n is </span></span></span></div>\n<div class=\"t m0 x26 h74 yd7b fffe fs48 fc14 sc0 ls117 ws144\" style=\"z-index: 15;\">considered a s<span class=\"_ _2\"></span>tep acquisition, hence the prev<span class=\"_ _2\"></span>iously held interest of 49% <span class=\"ls121 ws145\">wa<span class=\"ls118 ws143\">s treated as <span class=\"_ _2\"></span>if it had </span></span></div>\n<div class=\"t m0 x26 h74 yd7c fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">been disp<span class=\"_ _0\"></span>osed of res<span class=\"_ _0\"></span>ulting in<span class=\"ls0 ws0\"> </span>a non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"ls11e ws139\">cash capital g<span class=\"_ _2b\"></span>ain of EUR 50 million.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h74 yd7d fffe fs48 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h74 yd7e fffe fs48 fc14 sc0 ls122 ws146\" style=\"z-index: 15;\">AFLIC <span class=\"_ _2\"></span><span class=\"ls123 ws147\">wa<span class=\"ls117 ws144\">s fully consolida<span class=\"_ _2\"></span>ted by Ageas group <span class=\"ls118 ws139\">as <span class=\"ls11e ws142\">from the l<span class=\"_ _0\"></span>ast quart<span class=\"_ _2b\"></span>er of<span class=\"ls0 ws0\"> <span class=\"ls117 ws138\">2022<span class=\"_ _2\"></span>.</span> </span></span></span></span></span></div>\n<div class=\"t m0 x26 h74 yd7f fffe fs48 fc1f sc0 ls117 ws144\" style=\"z-index: 15;\">Real estate compan<span class=\"_ _2\"></span>ies (Europe<span class=\"ls0 ws0\">)<span class=\"ff102 fc1a\"> </span></span></div>\n<div class=\"t m0 x26 h74 yd80 fffe fs48 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"ls123 ws147\">wo</span> <span class=\"_ _2\"></span><span class=\"ls117 ws142\">real estate companie<span class=\"_ _2\"></span>s were jointly a<span class=\"_ _2\"></span>cquired by several<span class=\"_ _2\"></span> group entities <span class=\"_ _2\"></span>in Portugal. Campol<span class=\"_ _2\"></span>ide </span></div>\n<div class=\"t m0 x26 h74 yd81 fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">XXI was acq<span class=\"_ _2b\"></span>uired at the end of 2021 for a<span class=\"_ _0\"></span>n amount of E<span class=\"_ _0\"></span>UR 30 milli<span class=\"_ _0\"></span>on and SPPP i<span class=\"_ _0\"></span>n the first q<span class=\"_ _0\"></span>uarter</div>\n<div class=\"t m0 x26 h74 yd82 fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">of 2022 for 8<span class=\"_ _0\"></span>2 million.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h74 yd83 fffe fs48 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h74 yd84 fffe fs48 fc14 sc0 ls11f ws143\" style=\"z-index: 15;\">Milleniu<span class=\"_ _2\"></span>mbcp<span class=\"ls0 ws0\"> <span class=\"ls117 ws144\">Ageas holds the maj<span class=\"_ _2\"></span>ority of the shares in both comp<span class=\"_ _2\"></span>anies. These companies are fu<span class=\"_ _2\"></span>lly </span></span></div>\n<div class=\"t m0 x26 h74 yd85 fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated by Ag<span class=\"_ _0\"></span>eas group as p<span class=\"_ _2b\"></span>er 3<span class=\"ls0 ws0\">1<span class=\"_ _2\"></span> <span class=\"ls123 ws147\">December</span> <span class=\"_ _2\"></span><span class=\"ls117 ws138\">2022</span>. </span></div>\n<div class=\"t m0 x26 h74 yd86 fffe fs48 fc1f sc0 ls11e ws142\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance (Belgium)<span class=\"_ _2b\"></span><span class=\"fc1a ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h74 yd87 fffe fs48 fc14 sc0 ls11e ws142\" style=\"z-index: 15;\">In July<span class=\"ls0 ws0\"> <span class=\"ls117 ws138\">2022</span></span><span class=\"ws139\">, AG Insu<span class=\"_ _0\"></span>rance ac<span class=\"_ _0\"></span>quired 100<span class=\"_ _0\"></span>% of the shar<span class=\"_ _0\"></span>es of Anima G<span class=\"_ _0\"></span>roup (5th la<span class=\"_ _0\"></span>rgest Bel<span class=\"_ _0\"></span>gian </span></div>\n<div class=\"t m0 x26 h74 yd88 fffe fs48 fc14 sc0 ls11e ws148\" style=\"z-index: 15;\">nurs<span class=\"ws139\">ing h<span class=\"_ _0\"></span>ome oper<span class=\"_ _0\"></span>ator) for an am<span class=\"_ _2b\"></span>ount of EUR 335 millio<span class=\"_ _2b\"></span>n. <span class=\"_ _2\"></span>Thi<span class=\"_ _0\"></span>s acquisit<span class=\"_ _2b\"></span>ion is <span class=\"ls117 ws138\">consider</span>ed a business </span></div>\n<div class=\"t m0 x26 h74 yd89 fffe fs48 fc14 sc0 ls117 ws138\" style=\"z-index: 15;\">combina<span class=\"ls11e ws139\">tion under IFR<span class=\"_ _2b\"></span>S 3. <span class=\"_ _2\"></span>No go<span class=\"_ _2b\"></span>odwill was recogn<span class=\"_ _2b\"></span>i<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span></span>ed in the o<span class=\"_ _0\"></span>pening bal<span class=\"_ _2b\"></span>ance<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x26 h76 yd8a ff101 fs4a fcf sc0 ls11b ws13f\" style=\"z-index: 15;\">3.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h76 yd8b ff101 fs4a fcf sc0 ls11c ws140\" style=\"z-index: 15;\">Acquisitions in <span class=\"_ _2\"></span><span class=\"ls124 ws149\">2021<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h74 yd8c fffe fs48 fc1f sc0 ls117 ws142\" style=\"z-index: 15;\">AgeSA (formerl<span class=\"_ _2\"></span>y: AvivaSA)<span class=\"ls0 ws0\"> </span><span class=\"ws138\">(Euro<span class=\"_ _2\"></span>pe)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h74 yd8d fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">On 5 May 2021,<span class=\"_ _0\"></span> Ageas anno<span class=\"_ _2b\"></span>unced that it had obt<span class=\"_ _0\"></span>ained all reg<span class=\"_ _2b\"></span>ulatory approv<span class=\"_ _2b\"></span>als and completed it<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x26 h74 yd8e fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">acquisi<span class=\"_ _0\"></span>tion from<span class=\"_ _0\"></span> Aviva plc, a 40%<span class=\"_ _0\"></span> stake in t<span class=\"_ _0\"></span>he Turkis<span class=\"_ _0\"></span>h listed life i<span class=\"_ _2b\"></span>nsurance and pensi<span class=\"_ _0\"></span>ons comp<span class=\"_ _0\"></span>any</div>\n<div class=\"t m0 x26 h74 yd8f fffe fs48 fc14 sc0 ls11e ws142\" style=\"z-index: 15;\">AgeSA. T<span class=\"_ _2b\"></span>he cash consid<span class=\"_ _2b\"></span>eration amount<span class=\"_ _0\"></span>ed to <span class=\"ls117 ws138\">GBP<span class=\"ls0 ws0\"> </span>119<span class=\"ls0 ws0\"> </span><span class=\"ws144\">million (EU<span class=\"_ _2\"></span>R <span class=\"ls0 ws0\">1</span></span></span><span class=\"ws148\">43<span class=\"ls0 ws0\"> </span><span class=\"ws139\">mill<span class=\"_ _0\"></span>ion includ<span class=\"_ _0\"></span>ing trans<span class=\"_ _2b\"></span>action </span></span></div>\n<div class=\"t m0 x26 h74 yd90 fffe fs48 fc14 sc0 ls117 ws142\" style=\"z-index: 15;\">costs). AgeSA<span class=\"_ _2\"></span> is accounted for<span class=\"_ _2\"></span> using the equi<span class=\"_ _2\"></span>ty method.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h74 yd91 fffe fs48 fc1f sc0 ls11e ws142\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance (Belgium)<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h74 yd92 fffe fs48 fc14 sc0 ls117 ws142\" style=\"z-index: 15;\">In 2021, AG<span class=\"_ _2\"></span> Insurance increas<span class=\"_ _2\"></span>ed its interest<span class=\"_ _2\"></span> in <span class=\"ls0 ws0\">CC<span class=\"ls121 ws145\">N <span class=\"ls11e ws139\">(Centre de Comm<span class=\"_ _2b\"></span>unication Nord, m<span class=\"_ _0\"></span>ixed </span></span></span></div>\n<div class=\"t m0 x26 h74 yd93 fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">redevel<span class=\"_ _0\"></span>opment pr<span class=\"_ _2b\"></span>oject in Brussels<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span><span class=\"ws142\">fro<span class=\"_ _0\"></span>m 5% to 5<span class=\"_ _0\"></span>0%. This<span class=\"_ _2b\"></span> associate is st<span class=\"_ _2b\"></span>ill accounted f<span class=\"_ _2b\"></span>or using the </span></div>\n<div class=\"t m0 x26 h74 yd94 fffe fs48 fc14 sc0 ls117 ws142\" style=\"z-index: 15;\">equity me<span class=\"_ _2\"></span>thod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 223px; height: 738px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 223px; height: 738px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff107 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">3.<span class=\"ls0 ws0\">3 </span></div>\n<div class=\"t m0 x7 h6a y79d ff107 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Disposals <span class=\"_ _2\"></span>in <span class=\"ls10e ws131\">2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79e ff105 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Tesco Underwr<span class=\"_ _2\"></span>iting Ltd. (TU) (Eu<span class=\"_ _2\"></span>rope<span class=\"ls0 ws0\">)<span class=\"fc1a\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 14 Octob<span class=\"_ _0\"></span>er 2020, Age<span class=\"_ _2b\"></span>as announced an ag<span class=\"_ _0\"></span>reement<span class=\"_ _0\"></span> for Tesco Ba<span class=\"_ _0\"></span>nk</div>\n<div class=\"t m0 x7 h4f y7a0 ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to buy Ag<span class=\"_ _2b\"></span>eas\u2019s 50.1% st<span class=\"_ _0\"></span>ake in ass<span class=\"_ _2b\"></span>ociate Tesc<span class=\"_ _0\"></span>o Underw<span class=\"_ _0\"></span>riting L<span class=\"_ _0\"></span>imited.</div>\n<div class=\"t m0 x7 h4f y7a1 ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Accordi<span class=\"_ _2b\"></span>ngly, the carr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount of t<span class=\"_ _2b\"></span>he associate w<span class=\"_ _0\"></span>as pres<span class=\"_ _2b\"></span>ented as</div>\n<div class=\"t m0 x7 h4f ya7f ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">held for s<span class=\"_ _2b\"></span>ale in the 2020 f<span class=\"_ _0\"></span>inanci<span class=\"_ _2b\"></span>al statements<span class=\"_ _0\"></span>. The sal<span class=\"_ _2b\"></span>e <span class=\"wsf0\">was completed </span></div>\n<div class=\"t m0 x7 h4f ya80 ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on 4 May 2021 fo<span class=\"_ _0\"></span>r a cash consi<span class=\"_ _0\"></span>derati<span class=\"_ _2b\"></span>on of GBP 112 million. Th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>im<span class=\"_ _0\"></span>pact</div>\n<div class=\"t m0 x1a h4f yd9c ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the sa<span class=\"_ _0\"></span>le on th<span class=\"_ _2b\"></span>e results of the f<span class=\"_ _0\"></span>irst 6 m<span class=\"_ _0\"></span>onths of<span class=\"_ _0\"></span> 2021 wa<span class=\"_ _2b\"></span>s a profit of</div>\n<div class=\"t m0 x1a h4f yd9d ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EUR 4.2 <span class=\"_ _0\"></span>millio<span class=\"_ _0\"></span>n. This g<span class=\"_ _0\"></span>ain is sp<span class=\"_ _2b\"></span>read over acros<span class=\"_ _0\"></span>s the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yd9e ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">captio<span class=\"_ _0\"></span>ns \u2018Intere<span class=\"_ _0\"></span>st, divi<span class=\"_ _0\"></span>dend <span class=\"wsfa\">and ot<span class=\"_ _2b\"></span>her investmen<span class=\"_ _0\"></span>t incom<span class=\"_ _0\"></span>e\u2019 and \u2018R<span class=\"_ _2b\"></span>esults </span></div>\n<div class=\"t m0 x1a h4f yd9f ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on sales and r<span class=\"_ _2b\"></span>evaluations\u2019. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yda0 ff105 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance (Belgium)<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yda1 ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2021, Tr<span class=\"_ _0\"></span>ansimm<span class=\"_ _0\"></span>o was fully co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed by AG Insurance an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>was n<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yda2 ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">longer acc<span class=\"_ _2b\"></span>ounted for using th<span class=\"_ _0\"></span>e equity met<span class=\"_ _2b\"></span>hod<span class=\"ls0 ws0\">.</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 960px; height: 146px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h6a yafc ff107 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">3.4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yda3 ff107 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Assets<span class=\"_ _0\"></span> and li<span class=\"ls103 ws11f\">abiliti<span class=\"_ _2\"></span>es of <span class=\"_ _2\"></span>acquisiti<span class=\"_ _2\"></span>ons and <span class=\"_ _2\"></span>disposa<span class=\"_ _2\"></span>ls <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yda4 ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es detail<span class=\"_ _2b\"></span>s of the assets <span class=\"_ _2b\"></span>and liabilities<span class=\"_ _0\"></span> result<span class=\"_ _0\"></span>ing from t<span class=\"_ _2b\"></span>he acquisitio<span class=\"_ _0\"></span>n or dis<span class=\"_ _0\"></span>posal of s<span class=\"_ _2b\"></span>ubsidiaries <span class=\"_ _0\"></span>and<span class=\"lsfc ws115\">/or </span>equity acc<span class=\"_ _0\"></span>ounted i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yda5 ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at the date of ac<span class=\"_ _2b\"></span>quisition or dispos<span class=\"_ _2b\"></span>al.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yda6 ff105 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 829px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 829px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y601 ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 829px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 829px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y601 ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 829px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 814px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 492px; bottom: 814px; z-index: 15;\">Acquisitions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 586px; bottom: 814px; z-index: 15;\">Disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 663px; bottom: 814px; z-index: 15;\">Acquisitions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 758px; bottom: 814px; z-index: 15;\">Disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff105 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 798px; z-index: 15;\">Assets and liabilities of acq<span class=\"_ _0\"></span>uisitions and disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 783px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 783px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 769px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f2 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 517px; bottom: 769px; z-index: 15;\">1,151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 769px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 769px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 769px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 754px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 754px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 754px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f4 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 754px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 754px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 739px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 739px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 739px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 739px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 739px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff105 fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 724px; z-index: 15;\">Inv<span class=\"_ _2\"></span>estments <span class=\"_ _2\"></span>relate<span class=\"_ _2\"></span>d to <span class=\"lse4 wsf4\">unit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">linked contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x24 h52 y60e ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 724px; z-index: 15;\">514<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff105 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 709px; z-index: 15;\">Investments in associates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 694px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">including capital (re)payments </span> </div>\n<div class=\"t m0 x2f h52 y60e ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 694px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 694px; z-index: 15;\">(95)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 696px; bottom: 694px; z-index: 15;\">202<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 694px; z-index: 15;\">(171)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 679px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 679px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 665px; z-index: 15;\">Current and deferred tax a<span class=\"_ _0\"></span>ssets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 665px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 665px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 665px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 665px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 650px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 650px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff105 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 635px; z-index: 15;\">Property, plant and <span class=\"wsf4\">equipment<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 635px; z-index: 15;\">433<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 635px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 635px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 635px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 620px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5ff ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 620px; z-index: 15;\">318<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 605px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 605px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Liabilities arising from i<span class=\"_ _0\"></span>nsurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 517px; bottom: 590px; z-index: 15;\">1,187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 576px; z-index: 15;\">Liabilities related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y605 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 576px; z-index: 15;\">514<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 576px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 576px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 576px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 561px; z-index: 15;\">Current and deferred tax l<span class=\"_ _0\"></span>iabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 561px; z-index: 15;\">115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 561px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 561px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 561px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 546px; z-index: 15;\">Accrued <span class=\"wsf3\">interest and other liabilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y638 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 546px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 546px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y638 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 531px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y5f4 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 531px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 531px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 516px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff108 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 501px; z-index: 15;\">Net assets acquired / Net assets disposed of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 ydd0 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 501px; z-index: 15;\">712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 ydd0 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 501px; z-index: 15;\">(95)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 ydd0 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 696px; bottom: 501px; z-index: 15;\">233<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 ydd0 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 501px; z-index: 15;\">(176)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff109 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff109 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff109 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff109 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 472px; z-index: 15;\">Result of disposal, gross<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 472px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 ydd0 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 472px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 472px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 ydd0 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 472px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff105 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 457px; z-index: 15;\">Result on discontinued ope<span class=\"_ _0\"></span>rations, net of taxes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 457px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 457px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 457px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 457px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff105 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 427px; z-index: 15;\">Cash used for acquisitions / received from disposals:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 427px; z-index: 15;\">  </div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff105 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 412px; z-index: 15;\">Total purchase consideration / Proceeds from sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 412px; z-index: 15;\">(712)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 412px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 412px; z-index: 15;\">(233)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 412px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 397px; z-index: 15;\">Less: Cash and cash <span class=\"_ _0\"></span>equivalents acquired / di<span class=\"_ _0\"></span>vested<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 397px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 397px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 397px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 397px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Less: Non<span class=\"ls0 ws0\">-<span class=\"lsec ws100\">cash m<span class=\"_ _2\"></span>ovement</span> </span></div>\n<div class=\"t m0 x24 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 382px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 382px; z-index: 15;\">(143)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff108 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 368px; z-index: 15;\">Cash used for <span class=\"lse7 wsf8\">acquis<span class=\"_ _2b\"></span>itions / receiv<span class=\"_ _2b\"></span>ed from disp<span class=\"_ _0\"></span>osals<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f0 h54 y603 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 519px; bottom: 368px; z-index: 15;\">(488)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y603 ff108 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 368px; z-index: 15;\">(233)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y603 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 368px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 357px; height: 749px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 357px; height: 749px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff10d fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">3.5<span class=\"ls0 ws0\"> <span class=\"_ _1ec\"> </span><span class=\"ls112 ws133\">Disposal group held for sale</span></span></div>\n<div class=\"t m0 x7 h4f ydd2 ff10b fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas France<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> (</span><span class=\"wsf1\">Europe<span class=\"ls0 ws0\">) </span></span></div>\n<div class=\"t m0 x7 h4f ydd3 ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">In the last qu<span class=\"_ _0\"></span>arter of 20<span class=\"_ _0\"></span>22, Ageas S<span class=\"_ _0\"></span>A/NV dec<span class=\"_ _0\"></span>ided to eng<span class=\"_ _0\"></span>age in a</div>\n<div class=\"t m0 x7 h4f ydd4 ff10b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">process<span class=\"_ _0\"></span> to dispo<span class=\"_ _2b\"></span>se of its activ<span class=\"_ _0\"></span>ities in F<span class=\"_ _2b\"></span>rance.<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">This dispos<span class=\"_ _2b\"></span>al meets the </span></div>\n<div class=\"t m0 x7 h4f ydd5 ff10b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">criteri<span class=\"_ _0\"></span>a of IFR<span class=\"_ _0\"></span>S 5 to be c<span class=\"_ _0\"></span>lassifi<span class=\"_ _0\"></span>ed as hel<span class=\"_ _0\"></span>d for sal<span class=\"_ _2b\"></span>e. The sale is <span class=\"_ _0\"></span>expecte<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f ydd6 ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">to be compl<span class=\"_ _0\"></span>eted in the<span class=\"_ _0\"></span> course of 20<span class=\"_ _0\"></span>23.<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t m0 x7 h4f ydd7 ff10b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">  </div>\n<div class=\"t m0 x7 h4f ydd8 ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Consequ<span class=\"_ _0\"></span>ently,<span class=\"_ _0\"></span> the assets a<span class=\"_ _0\"></span>nd liabil<span class=\"_ _0\"></span>ities at 31 Dec<span class=\"_ _2b\"></span>ember 2022 relate<span class=\"_ _0\"></span>d to</div>\n<div class=\"t m0 x7 h4f ydd9 ff10b fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"ws103\">Fran<span class=\"_ _2\"></span>ce (and its subsidiaries) were<span class=\"_ _2\"></span> classified as a disposal<span class=\"_ _2\"></span> group </span></div>\n<div class=\"t m0 x7 h4f ydda ff10b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">and are s<span class=\"_ _2\"></span>hown as \u201cAssets he<span class=\"_ _2\"></span>ld for sale\u201d and<span class=\"_ _2\"></span> \u201cLiabilities<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">related to assets<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yddb ff10b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">held for s<span class=\"_ _2b\"></span>ale\u201d in the co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed statement of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial posi<span class=\"_ _0\"></span>tion. T<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yddc ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span> group is r<span class=\"_ _0\"></span>eported i<span class=\"_ _0\"></span>n the segme<span class=\"_ _0\"></span>nt \u2018<span class=\"lse2 wsf1\">Europe\u2019.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yddd ff10b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ydde ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nts of major as<span class=\"_ _0\"></span>sets and li<span class=\"_ _0\"></span>abiliti<span class=\"_ _2b\"></span>es of Ageas France at</div>\n<div class=\"t m0 x1a h4f yddf ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">31 Decemb<span class=\"_ _2b\"></span>er 2022 are summaris<span class=\"_ _0\"></span>ed as foll<span class=\"_ _0\"></span>ows:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yde0 ff10e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff10f\"> <span class=\"_ _46\"> </span><span class=\"ff10b lse0 wsfa\">Available for s<span class=\"_ _2b\"></span>ale <span class=\"wsf0\">investme<span class=\"_ _0\"></span>nts EUR 2.<span class=\"_ _0\"></span>4 billion;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yde1 ff10e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff10f\"> <span class=\"_ _46\"> </span><span class=\"ff10b lse2 wsf1\">U<span class=\"_ _2\"></span>nit</span><span class=\"ff10b\">-<span class=\"lse0 wsf0\">linked inv<span class=\"_ _2b\"></span>estments EUR 1.5 bi<span class=\"_ _2b\"></span>llion<span class=\"ls0 ws0\">; </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yde2 ff10e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff10f\"> <span class=\"_ _46\"> </span><span class=\"ff10b lse0 wsfa\">Insurance li<span class=\"_ _0\"></span>abilities<span class=\"_ _2b\"></span> EUR <span class=\"lsf4 ws10c\">2.4<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">bi<span class=\"_ _2\"></span>llion</span>; </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yde3 ff10e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff10f\"> <span class=\"_ _46\"> </span><span class=\"ff10b lse2 ws103\">L<span class=\"_ _2\"></span>iabilities related to Uni<span class=\"_ _2\"></span>t linked</span><span class=\"ff10b\"> <span class=\"lse2 ws103\">products: EUR<span class=\"_ _2\"></span> <span class=\"lsfc ws115\">1.5</span></span> <span class=\"ls102 ws11d\">billion<span class=\"_ _2\"></span>.</span> </span></span></div>\n<div class=\"t m0 x1a h4f yde4 ff10b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yde5 ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">There is al<span class=\"_ _0\"></span>so an interc<span class=\"_ _0\"></span>ompany su<span class=\"_ _2b\"></span>bordinated liab<span class=\"_ _2b\"></span>ility of EUR 55 milli<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x1a h4f yde6 ff10b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">on the b<span class=\"_ _2\"></span>alance sheet of Agea<span class=\"_ _2\"></span>s France that <span class=\"_ _2\"></span>is eliminated at<span class=\"_ _2\"></span> Ageas group</div>\n<div class=\"t m0 x1a h4f yde7 ff10b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">level. The t<span class=\"wsfa\">o<span class=\"_ _2\"></span>tal net equity of<span class=\"_ _2\"></span> Ageas France<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">at 31 December 2022</span> <span class=\"lsfa ws136\">is EUR </span></span></span></div>\n<div class=\"t m0 x1a h4f yde8 ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">222 milli<span class=\"_ _0\"></span>on.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 881px; height: 225px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 881px; height: 225px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls1 ws1\" style=\"z-index: 15;\">Ris<span class=\"_ _2\"></span>k<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">ma<span class=\"_ _2\"></span>nag<span class=\"_ _0\"></span>ement</div>\n<div class=\"t m0 x7 h6a y724 ff112 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">4<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x7 h6a ydeb ff112 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Risk<span class=\"ls0 ws0\"> <span class=\"ls10f ws132\">Management <span class=\"ls10e ws131\">Objectives</span></span> </span></div>\n<div class=\"t m0 x7 h63 ydec ff113 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">As a multinational insuran<span class=\"_ _0\"></span>ce</div>\n<div class=\"t m0 x7 h63 yded ff113 fs40 fc1e sc0 lsf6 ws110\" style=\"z-index: 15;\">provider, <span class=\"ws0\">Ageas creates value </span></div>\n<div class=\"t m0 x7 h63 ydee ff113 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">through the proper and effective</div>\n<div class=\"t m0 x7 h63 ydef ff113 fs40 fc1e sc0 lsf8 ws112\" style=\"z-index: 15;\">managem<span class=\"ws10f\">ent of insurance <span class=\"lsf6 ws0\">risks at </span></span></div>\n<div class=\"t m0 x7 h63 ydf0 ff113 fs40 fc1e sc0 lsf6 ws110\" style=\"z-index: 15;\">an<span class=\"ls0 ws0\"> </span>individual <span class=\"lsf8 ws112\">and <span class=\"ws10f\">over<span class=\"_ _2\"></span>all portfolio </span></span></div>\n<div class=\"t m0 x7 h63 ydf1 ff113 fs40 fc1e sc0 lsf6 ws110\" style=\"z-index: 15;\">level.<span class=\"ls0 ws0\"> </span>Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"lsf8 ws10f\">insur<span class=\"_ _2\"></span>ance operations </span></span></div>\n<div class=\"t m0 x7 h63 ydf2 ff113 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">provide both Life and Non<span class=\"ls0 ws0\">-<span class=\"lsf6 ws110\">life </span></span></div>\n<div class=\"t m0 x7 h63 ydf3 ff113 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">insurances and <span class=\"lsf8 ws112\">consequently </span>face a</div>\n<div class=\"t m0 x7 h63 ydf4 ff113 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">number of risks that may affect <span class=\"ws112\">the </span></div>\n<div class=\"t m0 x7 h63 ydf5 ff113 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">achievement of company<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 ydf6 ff113 fs40 fc1e sc0 lsf6 ws110\" style=\"z-index: 15;\">objectives<span class=\"ls0 ws0\">.  </span></div>\n<div class=\"t m0 x26 h4f y724 ff110 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas only see<span class=\"_ _2\"></span>ks to<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">take on ris<span class=\"_ _2b\"></span>ks:<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y725 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse0 wsf0\">for which it has a good u<span class=\"_ _0\"></span>nderstan<span class=\"_ _0\"></span>ding<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x26 h4f y726 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse0 wsf0\">that can be adequate<span class=\"_ _0\"></span>ly asses<span class=\"_ _0\"></span>sed and ma<span class=\"_ _0\"></span>naged eit<span class=\"_ _0\"></span>her at the ind<span class=\"_ _0\"></span>ividual o<span class=\"_ _0\"></span>r at the overa<span class=\"_ _0\"></span>ll portf<span class=\"_ _0\"></span>olio </span></span></div>\n<div class=\"t m0 xcc h4f y727 ff110 fs3a fc1e sc0 lsfb wsfa\" style=\"z-index: 15;\">level<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x26 h4f y728 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse2 ws103\">th<span class=\"_ _2\"></span>at are affordable (i.e<span class=\"_ _2\"></span>. within the Ageas risk appeti<span class=\"_ _2\"></span>te)</span><span class=\"ff110\">. </span></span></div>\n<div class=\"t m0 x26 h4f y729 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse0 wsf0\">that have an accept<span class=\"_ _0\"></span>able <span class=\"lse2 wsf1\">risk<span class=\"ls0 ws0\">-</span><span class=\"ws103\">reward trade<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">off</span> </span></span></span>(mindf<span class=\"_ _0\"></span>ul of <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\">\u2019s<span class=\"_ _2\"></span> <span class=\"lsf4\">commitment to its </span></span></span></span></span></div>\n<div class=\"t m0 xcc h4f y72a ff110 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">stakeho<span class=\"_ _0\"></span>lders, t<span class=\"_ _2b\"></span>o society, as w<span class=\"_ _0\"></span>ell as <span class=\"lse2 ws103\">corporate and risk culture value<span class=\"_ _2\"></span>s)<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x26 h4f y72b ff110 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y72c ff110 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">The main <span class=\"_ _0\"></span>object<span class=\"_ _0\"></span>ives of <span class=\"_ _0\"></span><span class=\"lse2 wsf1\">Ageas<span class=\"lsfb wsfa\">'s<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"lse2\">risk management <span class=\"_ _2\"></span>are: <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f ydf7 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse1 wsf0\">Ri<span class=\"_ _2\"></span>sk</span><span class=\"ff110\">-<span class=\"lse0 wsfa\">takin<span class=\"_ _2b\"></span>g is consistent<span class=\"_ _0\"></span> with t<span class=\"_ _0\"></span>he strat<span class=\"_ _0\"></span>egy and w<span class=\"_ _2b\"></span>ithin risk <span class=\"lse2 wsf1\">appetite<span class=\"ls0 ws0\">. </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f ydf8 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse0 wsf0\">Appropriate in<span class=\"_ _0\"></span>centiv<span class=\"_ _0\"></span>es are in plac<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to pro<span class=\"_ _0\"></span>mote a comm<span class=\"_ _0\"></span>on unders<span class=\"_ _0\"></span>tandin<span class=\"_ _0\"></span>g of our risk c<span class=\"_ _0\"></span>ulture<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x26 h4f ydf9 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse2 ws103\">Ap<span class=\"_ _2\"></span>propriate, timely and corr<span class=\"_ _2\"></span>ect information is available<span class=\"_ _2\"></span> to allow appropriate strategi<span class=\"_ _2\"></span>c decision</span><span class=\"ff110\">-</span></span></div>\n<div class=\"t m0 xcc h4f ydfa ff110 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">making<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x26 h4f ydfb ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse2 wsfa\">An<span class=\"_ _2\"></span> appropriate ris<span class=\"_ _2\"></span>k governance is i<span class=\"_ _2\"></span>n place, is ade<span class=\"lse0 wsf0\">quate and effect<span class=\"_ _0\"></span>ive, and can b<span class=\"_ _0\"></span>e evidenc<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\">.<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f ydfc ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse0 wsf0\">An appropriate Ent<span class=\"_ _2b\"></span>erprise Risk Man<span class=\"_ _2b\"></span>agement (ERM) po<span class=\"_ _0\"></span>licy frame<span class=\"_ _2b\"></span>work (including l<span class=\"_ _0\"></span>imits &amp; </span></span></div>\n<div class=\"t m0 xcc h4f ydfd ff110 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">minimum st<span class=\"_ _2b\"></span>andards) is in plac<span class=\"_ _2b\"></span>e, understood and e<span class=\"_ _0\"></span>mbedde<span class=\"_ _0\"></span>d in day<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-</span>day business act<span class=\"_ _2b\"></span>ivities<span class=\"ls0 ws0\">.  </span></div>\n<div class=\"t m0 x26 h4f ydfe ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse2 ws103\">R<span class=\"_ _2\"></span>isk processes are high</span><span class=\"ff110\">-<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">calibre</span> <span class=\"lse2 wsf1\">and <span class=\"lse0 wsf0\">efficient, fac<span class=\"_ _0\"></span>ilitat<span class=\"_ _0\"></span>ing accur<span class=\"_ _2b\"></span>ate and informati<span class=\"_ _0\"></span>ve risk rep<span class=\"_ _0\"></span>orting </span></span></span></span></div>\n<div class=\"t m0 xcc h4f ydff ff110 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">that rei<span class=\"_ _0\"></span>nforces<span class=\"_ _0\"></span> the decis<span class=\"_ _2b\"></span>ion<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">making<span class=\"_ _2\"></span> process</span> </span></div>\n<div class=\"t m0 x26 h4f ye00 ff110 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ye01 ff110 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Risk cult<span class=\"_ _2b\"></span>ure forms an es<span class=\"_ _0\"></span>sentia<span class=\"_ _0\"></span>l part of<span class=\"_ _0\"></span> the ove<span class=\"_ _0\"></span>rall cor<span class=\"_ _0\"></span>porate c<span class=\"_ _0\"></span>ulture t<span class=\"_ _2b\"></span>hat the Ageas B<span class=\"_ _0\"></span>oard of</div>\n<div class=\"t m0 x26 h4f ye02 ff110 fs3a fc1e sc0 lse1 wsf0\" style=\"z-index: 15;\">Directors, <span class=\"lse2 wsf1\">Management <span class=\"ls104 ws126\">Co<span class=\"lsfc ws115\">m<span class=\"_ _2\"></span>mittee<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span></span><span class=\"wsfa\">and Ex<span class=\"lse0 wsef\">ecutiv<span class=\"_ _0\"></span>e <span class=\"lsfa ws114\">Co<span class=\"lsfc ws115\">mmi<span class=\"_ _2\"></span>ttee<span class=\"ls0 ws0\"> </span></span></span><span class=\"wsf0\">seek to promote and e<span class=\"_ _0\"></span>mbed. <span class=\"wsef\">Age<span class=\"_ _2b\"></span>as\u2019<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span></span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f ye03 ff110 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">risk culture<span class=\"_ _2\"></span>, outlined below, stems from <span class=\"wsf1\">t<span class=\"_ _2\"></span>he Ageas<span class=\"ls0 ws0\"> </span></span>corpor<span class=\"_ _2\"></span>ate culture. T<span class=\"lse0 wsfa\">he princi<span class=\"_ _0\"></span>ples of c<span class=\"_ _2b\"></span>orporate </span></div>\n<div class=\"t m0 x26 h4f ye04 ff110 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">culture and key<span class=\"_ _2\"></span> components of risk culture<span class=\"_ _2\"></span> provide guidance to actions<span class=\"_ _2\"></span> and decisions, and reflect the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x26 h4f ye05 ff110 fs3a fc1e sc0 ls102 ws11d\" style=\"z-index: 15;\">mind<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">set<span class=\"_ _0\"></span> and attit<span class=\"_ _2b\"></span>ude expected in <span class=\"wsef\">the <span class=\"lse2 wsf1\">company. <span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m7 xe4 h7b ye0d ff119 fs4d fc22 sc0 ls12a ws14f\" style=\"z-index: 15;\">1. RI<span class=\"ls0 ws0\">S<span class=\"ls12b ws150\">K </span>CU<span class=\"_ _2\"></span>L<span class=\"_ _2b\"></span>TURE</span></div>\n<div class=\"t m8 x9c h7c ye0e ff119 fs19 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">2. RISK STRATEGY, OBJECTIVES &amp; RISK APPETITE</div>\n<div class=\"t m8 x3a h7c ye0f ff119 fs19 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">3. RISK GOVERNANCE, RISK TAXONOMY, ERM POLICY FRAMEWORK &amp; MODEL FRAMEWORK</div>\n<div class=\"t m8 x1e6 h7d ye10 ff119 fs4e fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">4. RISK IN EXECUTION*</div>\n<div class=\"t m8 xf0 h7c ye12 ff119 fs19 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Identification</div>\n<div class=\"t m6 xf0 h7e ye13 ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">- Identify current &amp; emerging risks</div>\n<div class=\"t m6 xf0 h7e ye14 ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">- Covers risk taxonomy</div>\n<div class=\"t m8 x2b h7c ye15 ff119 fs19 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Monitoring &amp; Reporting</div>\n<div class=\"t m6 x2b h7e ye16 ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Continuous monitoring</div>\n<div class=\"t m6 x2b h7e ye17 ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">&amp; follow up on exposure &amp; actions</div>\n<div class=\"t m0 xfe h7f ye18 ff119 fs4f fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">4A. <span class=\"ff11a fc14\">Key Risk &amp; Emerging Risk Reporting</span></div>\n<div class=\"t m0 xfe h7f ye19 ff119 fs4f fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">4B. <span class=\"ff11a fc14\">ORSA Process</span></div>\n<div class=\"t m8 x242 h7c ye1a ff119 fs19 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Assessment &amp; Prioritisation</div>\n<div class=\"t m6 x242 h7e ye1b ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">- Risk likelihood &amp; impact</div>\n<div class=\"t m6 x242 h7e ye1c ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">- Inherent / Residual / Forecasted  Risk</div>\n<div class=\"t m8 x1e6 h7c ye1d ff119 fs19 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Response &amp; Control</div>\n<div class=\"t m6 x1e6 h7e ye1e ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">- Mitigate, avoid, accept or transfer</div>\n<div class=\"t m6 x1e6 h7e ye1f ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">- Actions to ensure within risk appetite</div>\n<div class=\"t m8 x7d h7c ye11 ff119 fs19 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">5. DATA, IT &amp; INFRASTRUCTURE</div>\n<div class=\"t m6 x3c h7a ye0b ff118 fs4c fc21 sc0 ls0 ws0\" style=\"z-index: 15;\">Note - Internal Control, Information Security and Data Management are managed as part of the ERM framework.</div>\n<div class=\"t m6 x3c h7a ye0c ff118 fs4c fc21 sc0 ls0 ws0\" style=\"z-index: 15;\">*In addition to 4A &amp; 4B, further risk reports exist and are documented in the Ageas Enterprise Risk Management Framework.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 120px; height: 841px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 120px; height: 841px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">The key ele<span class=\"_ _0\"></span>ments of <span class=\"lse2 wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s </span></span><span class=\"wsef\">desired <span class=\"wsfa\">risk (<span class=\"_ _0\"></span>and cor<span class=\"_ _0\"></span>porate<span class=\"_ _0\"></span>) culture <span class=\"_ _2b\"></span>are<span class=\"ls0 ws0\"> </span><span class=\"lse2\">dep<span class=\"_ _2\"></span>icted below.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x2d h80 ye50 ff126 fs50 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">OUR RISK CULTURE VALUES</div>\n<div class=\"t m0 x243 h81 ye52 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">We always act <span class=\"fc19\">ethically</span> and with <span class=\"fc19\">integrity</span></div>\n<div class=\"t m0 x243 h81 ye53 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">We <span class=\"fc19\">share responsibility</span> for maintaining</div>\n<div class=\"t m0 x243 h81 ye54 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">our culture of <span class=\"fc19\">risk awareness at all levels</span></div>\n<div class=\"t m0 x243 h81 ye55 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">We promote an environment of <span class=\"fc19\">open </span></div>\n<div class=\"t m0 x243 h81 ye56 ff127 fs51 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">communication<span class=\"fc14\"> and </span>effective challenge<span class=\"fc14\"> in which </span></div>\n<div class=\"t m0 x243 h81 ye57 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">decision-making processes encourage taking</div>\n<div class=\"t m0 x243 h81 ye58 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">a broad range of views and promote engagement</div>\n<div class=\"t m0 x243 h81 ye59 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">We <span class=\"fc19\">understand</span> both the <span class=\"fc19\">good (upside risk) </span></div>\n<div class=\"t m0 x243 h81 ye5a ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">and the <span class=\"fc19\">harm (downside risk)</span> that can arise <span class=\"fc19\">from</span> </div>\n<div class=\"t m0 x243 h81 ye5b ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">the <span class=\"fc19\">decisions</span> we make</div>\n<div class=\"t m0 x243 h81 ye5c ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">We <span class=\"fc19\">take ownership </span>and<span class=\"fc19\"> individual </span></div>\n<div class=\"t m0 x243 h81 ye5d ff127 fs51 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">accountability<span class=\"fc14\">, making </span>timely decisions<span class=\"fc14\"> </span></div>\n<div class=\"t m0 x243 h81 ye5e ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">and <span class=\"fc19\">openly reporting</span> on the risks we take</div>\n<div class=\"t m0 x243 h81 ye5f ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">We have the <span class=\"fc19\">right people profiles, incentives, </span></div>\n<div class=\"t m0 x243 h81 ye60 ff127 fs51 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">reward<span class=\"fc14\">, and </span>remuneration<span class=\"fc14\"> structure consistent </span></div>\n<div class=\"t m0 x243 h81 ye61 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">with our <span class=\"fc19\">desired risk culture</span></div>\n<div class=\"t m0 x37 h80 ye51 ff126 fs50 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">OUR CORPORATE VALUES</div>\n<div class=\"t m0 x37 h81 ye52 ff128 fs51 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">WE CARE<span class=\"ff127 fc14\"> - showing respect &amp; helping hose </span></div>\n<div class=\"t m0 x37 h81 ye62 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">around us, and staying true to who we are</div>\n<div class=\"t m0 x37 h81 ye63 ff128 fs51 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">WE DARE<span class=\"ff129 fc23\"> <span class=\"ff127 fc14\">- pushing boundaries and </span></span></div>\n<div class=\"t m0 x37 h81 ye64 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">not being afraid to take a chance</div>\n<div class=\"t m0 x37 h81 ye65 ff128 fs51 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">WE DELIVER<span class=\"ff129 fc23\"> <span class=\"ff127 fc14\">- making things happen, </span></span></div>\n<div class=\"t m0 x37 h81 ye66 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">keeping the promisses we make</div>\n<div class=\"t m0 x37 h81 ye67 ff128 fs51 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">WE SHARE<span class=\"ff127 fc14\"> - learning together, inspiring others, </span></div>\n<div class=\"t m0 x37 h81 ye68 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">and sharing success with all stakeholders</div>\n<div class=\"t m0 x7 h4f ye20 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">To help pro<span class=\"_ _0\"></span>mote risk aw<span class=\"_ _0\"></span>arenes<span class=\"_ _0\"></span>s and embed <span class=\"lse2 wsf1\">the </span><span class=\"wsfa\">risk c<span class=\"_ _2b\"></span>ulture values ac<span class=\"_ _2b\"></span>ross the organ<span class=\"_ _2b\"></span>isation, regu<span class=\"_ _0\"></span>lar risk t<span class=\"_ _2b\"></span>raining in the f<span class=\"_ _2b\"></span>orm of e<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">learning or<span class=\"_ _2\"></span> classroom</span>-</span></span></div>\n<div class=\"t m0 x7 h4f ye21 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">based ses<span class=\"_ _0\"></span>sions, t<span class=\"_ _0\"></span>akes plac<span class=\"_ _0\"></span>e across the g<span class=\"_ _0\"></span>roup. <span class=\"lse2 wsfa\">There is a mix o<span class=\"_ _2\"></span>f centralised t<span class=\"_ _2\"></span>raining material ca<span class=\"_ _2\"></span>scaded from Corpora<span class=\"_ _2\"></span>te Centre and sub<span class=\"_ _2\"></span>sequently tailored<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f ye22 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">to local ne<span class=\"_ _0\"></span>eds and dece<span class=\"_ _0\"></span>ntralis<span class=\"_ _2b\"></span>ed material that eac<span class=\"_ _0\"></span>h business<span class=\"_ _0\"></span> has devel<span class=\"_ _2b\"></span>oped. Similarly,<span class=\"_ _0\"></span> there is a mix of<span class=\"_ _0\"></span> mandato<span class=\"_ _2b\"></span>ry and volunt<span class=\"lse2 ws103\">ary training.<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">In 2<span class=\"_ _2\"></span>022, risk </span></span></div>\n<div class=\"t m0 x7 h4f ye23 ff11b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">education an<span class=\"_ _2\"></span>d awareness session<span class=\"_ _2\"></span>s included but w<span class=\"_ _2\"></span>ere not limited <span class=\"_ _2\"></span>to; Risk Inciden<span class=\"_ _2\"></span>t Reporting, the<span class=\"_ _2\"></span> Three Lines of D<span class=\"_ _2\"></span>efence model; Anti<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>Fraud training; Co<span class=\"_ _2\"></span>de</div>\n<div class=\"t m0 x7 h4f ye24 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">of Conduct,<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Cy<span class=\"_ _0\"></span>ber Securi<span class=\"_ _0\"></span>ty, GDPR,<span class=\"_ _0\"></span> Inform<span class=\"_ _0\"></span>ation Secu<span class=\"_ _2b\"></span>rity, Internal Co<span class=\"_ _0\"></span>ntrol, B<span class=\"_ _0\"></span>usiness C<span class=\"_ _2b\"></span>ontinuity and Oper<span class=\"_ _0\"></span>ational R<span class=\"_ _0\"></span>isk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ye25 ff11b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ye26 ff11b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h6a ye27 ff11d fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">4.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a ye28 ff11d fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Risk Management Frame<span class=\"_ _0\"></span>work</div>\n<div class=\"t m0 x7 h4f ye29 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas defi<span class=\"_ _2b\"></span>nes risk as the deviat<span class=\"_ _2b\"></span>ion from anticip<span class=\"_ _0\"></span>ated outc<span class=\"_ _0\"></span>omes that<span class=\"_ _0\"></span> may</div>\n<div class=\"t m0 x7 h4f ye2a ff11b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">have an i<span class=\"_ _0\"></span>mpact o<span class=\"_ _0\"></span>n the solv<span class=\"_ _2b\"></span>ency, earni<span class=\"_ _0\"></span>ngs or li<span class=\"_ _0\"></span>quidity of<span class=\"_ _2b\"></span> Ageas, its</div>\n<div class=\"t m0 x7 h4f ye2b ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">business obje<span class=\"_ _2\"></span>ctives or future opportunities<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ye2c ff11b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ye2d ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas has es<span class=\"_ _0\"></span>tablis<span class=\"_ _2b\"></span>hed and implement<span class=\"_ _2b\"></span>ed an Enterprise R<span class=\"_ _0\"></span>isk</div>\n<div class=\"t m0 x7 h4f ye2e ff11b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Management (\u201c<span class=\"_ _2\"></span>ERM\u201d) framework <span class=\"lse0 wsf0\">inspired by <span class=\"lsfd ws116\">COSO</span></span></div>\n<div class=\"t m0 x27 h64 ye2f ff11b fs41 fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">4</div>\n<div class=\"t m0 x1ed h4f ye30 ff11b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse0 wsf0\">ERM and Intern<span class=\"_ _0\"></span>al </span></div>\n<div class=\"t m0 x7 h4f ye31 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Control f<span class=\"_ _0\"></span>ramewo<span class=\"_ _0\"></span>rks, whic<span class=\"_ _0\"></span>h encompa<span class=\"_ _0\"></span>sses key co<span class=\"_ _2b\"></span>mponents that ac<span class=\"_ _0\"></span>t as a</div>\n<div class=\"t m0 x7 h4f ye32 ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">supporting founda<span class=\"_ _2\"></span>tion of the risk manageme<span class=\"_ _2\"></span>nt system <span class=\"ls0 ws0\">(t<span class=\"ls102 ws129\">his in<span class=\"_ _2\"></span>clude<span class=\"lsf3 ws11c\">s </span></span></span></div>\n<div class=\"t m0 x7 h4f ye33 ff11b fs3a fc1e sc0 lsfa ws114\" style=\"z-index: 15;\">climate<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">relate<span class=\"_ _2b\"></span>d risks).<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f ye34 ff11b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ye35 ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">ERM can be defined as<span class=\"_ _2\"></span> the process of systematical<span class=\"_ _2\"></span>ly and</div>\n<div class=\"t m0 x7 h4f ye36 ff11b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>ely ident<span class=\"_ _2b\"></span>ifying critic<span class=\"_ _0\"></span>al risks<span class=\"_ _0\"></span>, assess<span class=\"_ _2b\"></span>ing their impact<span class=\"_ _2b\"></span> and</div>\n<div class=\"t m0 x7 h4f ye37 ff11b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">implementing<span class=\"_ _2\"></span> integrated strategies<span class=\"_ _2\"></span> to provide re<span class=\"_ _2\"></span>asonable assurance</div>\n<div class=\"t m0 x7 h4f ye38 ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">regarding the ac<span class=\"_ _2\"></span>hievement of the company\u2019s obj<span class=\"_ _2\"></span>ectives. Ageas\u2019s ERM</div>\n<div class=\"t m0 x7 h4f ye39 ff11b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">framew<span class=\"_ _0\"></span>ork (depi<span class=\"_ _0\"></span>cted in t<span class=\"_ _2b\"></span>he diagram abo<span class=\"_ _2b\"></span>ve) sets the f<span class=\"_ _0\"></span>ollowing<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">high<span class=\"ls0 ws0\">-</span></span><span class=\"lsfb\">le<span class=\"_ _2\"></span>vel<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f ye3a ff11b fs3a fc1e sc0 ls102 ws11d\" style=\"z-index: 15;\">objective<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\">: </span></div>\n<div class=\"t m0 x1a h4f ye3b ff11e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff11f\"> <span class=\"_ _46\"> </span><span class=\"ff11b lse0 wsf0\">Defines a <span class=\"ff120 lsfc ws115\">risk<span class=\"_ _2\"></span></span></span><span class=\"ff120\"> <span class=\"lse0 wsef\">appeti<span class=\"_ _2b\"></span>te <span class=\"_ _2\"></span><span class=\"ff11b wsfa\">to e<span class=\"_ _0\"></span>nsure<span class=\"ls0 ws0\"> </span><span class=\"lse2\">that the risk o<span class=\"_ _2\"></span>f insolvency is </span></span></span></span></span></div>\n<div class=\"t m0 x6c h4f ye3c ff11b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">constant<span class=\"_ _2b\"></span>ly managed wit<span class=\"_ _2b\"></span>hin acceptable<span class=\"_ _2b\"></span> levels, and th<span class=\"_ _0\"></span>at the r<span class=\"_ _0\"></span>isk</div>\n<div class=\"t m0 x6c h4f ye3d ff11b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">profile i<span class=\"_ _2b\"></span>s kept within s<span class=\"_ _2b\"></span>et limits<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f ye3e ff11e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff11f\"> <span class=\"_ _46\"> </span><span class=\"ff11b lse2 wsf1\">In<span class=\"_ _2\"></span>fluences <span class=\"ff120 lse0 wsf0\">a strong cult<span class=\"_ _0\"></span>ure <span class=\"lse2 ws103\">of risk<span class=\"ff11b ls0 ws0\"> </span></span><span class=\"wsef\">awareness<span class=\"ff11b ls0 ws0\"> <span class=\"lse2 ws103\">whereby managers </span></span></span></span></span></span></div>\n<div class=\"t m0 x6c h4f ye3f ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">carry out their<span class=\"_ _2\"></span> duty to understand and be aw<span class=\"_ _2\"></span>are of the risks to<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">their </span></span></div>\n<div class=\"t m0 x6c h4f ye40 ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">business, to manag<span class=\"_ _2\"></span>e them adequately, and repor<span class=\"_ _2\"></span>t them</div>\n<div class=\"t m0 x6c h4f ye41 ff11b fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">transparently<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f ye42 ff11e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff11f\"> <span class=\"_ _46\"> </span><span class=\"ff11b lse0 wsef\">Ensures <span class=\"ff120 wsf0\">identifi<span class=\"_ _2b\"></span>cation &amp; validati<span class=\"_ _2b\"></span>on, assessmen<span class=\"_ _0\"></span>t &amp; prioriti<span class=\"_ _2b\"></span>sation, </span></span></span></div>\n<div class=\"t m0 x6c h4f ye43 ff120 fs3a fc1e sc0 lsf3 wsf1\" style=\"z-index: 15;\">recording, monitor<span class=\"_ _0\"></span>ing, and management <span class=\"ff11b lsfb ws127\">of risks<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lsf4\">which affect, or </span></span></span></div>\n<div class=\"t m0 x6c h4f ye44 ff11b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">can affec<span class=\"_ _0\"></span>t, the <span class=\"_ _0\"></span>achievem<span class=\"_ _2b\"></span>ent of strate<span class=\"_ _0\"></span>gic and b<span class=\"_ _0\"></span>usine<span class=\"lse2 ws103\">ss objectives<span class=\"ls0 ws0\">.  </span></span></div>\n<div class=\"t m0 x1a h4f ye45 ff11e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff11f\"> <span class=\"_ _46\"> </span><span class=\"ff11b lse2 ws103\">Su<span class=\"_ _2\"></span>pports the <span class=\"ls102 ws11d\">decision</span></span><span class=\"ff11b\">-<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">making</span> <span class=\"lse2 ws103\">process b<span class=\"_ _2\"></span>y ensuring that <span class=\"ff120 wsf1\">consistent<span class=\"_ _2\"></span>, </span></span></span></span></div>\n<div class=\"t m0 x6c h4f ye46 ff120 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">reliabl<span class=\"_ _2b\"></span>e,<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">and timely<span class=\"ff11b ls0 ws0\"> </span><span class=\"wsfa\">risk inf<span class=\"_ _0\"></span>ormati<span class=\"_ _0\"></span>on<span class=\"ff11b ls0 ws0\"> <span class=\"lse2 wsfa\">is availabl<span class=\"_ _2\"></span>e to decision </span></span></span></span></div>\n<div class=\"t m0 x6c h4f ye47 ff11b fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">makers<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f ye48 ff11e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff11f\"> <span class=\"_ _46\"> </span><span class=\"ff120 ls105 ws120\">E<span class=\"_ _2\"></span>mbeds <span class=\"lse2 wsfa\">strate<span class=\"_ _2\"></span>gic risk management</span></span><span class=\"ff11b\"> <span class=\"_ _2\"></span><span class=\"lse2 ws103\">into the overall deci<span class=\"_ _2\"></span>sion</span>-</span></span></div>\n<div class=\"t m0 x6c h4f ye49 ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">making process<span class=\"_ _2\"></span><span class=\"ls0 ws0\">.</span></div>\n<div class=\"t m0 x7 h4f ye4a ff11f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"_ _20e\"> </span><span class=\"ff11b\"> </span></div>\n<div class=\"t m0 x2c h4f ye4b ff11b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h5c y74b ff121 fs3f fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">4 <span class=\"_ _1ae\"> </span><span class=\"lsf1 ws107\">Committee of sponsoring organisations of the treadway commission.</span> </div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 118px; height: 988px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 118px; height: 988px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff124 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">4<span class=\"ls10b ws12e\">.3</span> </div>\n<div class=\"t m0 x7 h6a y79d ff124 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Risk Management organ<span class=\"_ _0\"></span>isation and governanc<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y79e ff122 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">A strong a<span class=\"_ _2\"></span>nd effective ris<span class=\"_ _2\"></span>k governance framework<span class=\"_ _2\"></span>, underpinned by a<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y79f ff122 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">sound risk<span class=\"_ _0\"></span> culture<span class=\"_ _0\"></span>, is critic<span class=\"_ _0\"></span>al to the over<span class=\"_ _2b\"></span>all effectiven<span class=\"_ _0\"></span>ess of Ageas<span class=\"_ _0\"></span>\u2019s risk</div>\n<div class=\"t m0 x7 h4f y7a0 ff122 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">management arrang<span class=\"_ _2\"></span>ements. The Board is ultimatel<span class=\"_ _2\"></span>y responsible for the</div>\n<div class=\"t m0 x7 h4f y7a1 ff122 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">overall Risk Man<span class=\"_ _2\"></span>agement. It is assisted in<span class=\"_ _2\"></span> the discharge of its duties by<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f ya7f ff122 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">several ke<span class=\"_ _2\"></span>y governance bodies<span class=\"_ _2\"></span> as depicted below<span class=\"_ _2\"></span> and explained fur<span class=\"_ _2\"></span>ther</div>\n<div class=\"t m0 x1a h4f ye4c ff122 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">in this s<span class=\"_ _0\"></span>ection <span class=\"_ _0\"></span>(respons<span class=\"_ _0\"></span>ibilit<span class=\"_ _0\"></span>ies relat<span class=\"_ _2b\"></span>ed to risk ma<span class=\"_ _0\"></span>nagement<span class=\"_ _0\"></span> and int<span class=\"_ _0\"></span>ernal</div>\n<div class=\"t m0 x1a h4f ye4d ff122 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>l are explai<span class=\"_ _0\"></span>ned in this sec<span class=\"_ _2b\"></span>tion <span class=\"ls0 ws0\">\u2013 <span class=\"_ _2\"></span></span><span class=\"wsfa\">pleas<span class=\"_ _2b\"></span>e refer<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">to note \u201cA.<span class=\"ls0 ws0\">6 </span></span></span></div>\n<div class=\"t m0 x1a h4f yda0 ff122 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">Corporate Gover<span class=\"lse0 wsfa\">nance Stateme<span class=\"_ _0\"></span>nt\u201d of t<span class=\"_ _0\"></span>his Ann<span class=\"_ _0\"></span>ual Rep<span class=\"_ _0\"></span>ort for g<span class=\"_ _0\"></span>overna<span class=\"_ _0\"></span>nce </span></div>\n<div class=\"t m0 x1a h4f yda1 ff122 fs3a fc1e sc0 ls106 ws124\" style=\"z-index: 15;\">details <span class=\"lse0 wsf0\">relat<span class=\"_ _2b\"></span>ed to Board level com<span class=\"_ _0\"></span>mittees<span class=\"_ _0\"></span>, Executiv<span class=\"_ _2b\"></span>e Committee, and </span></div>\n<div class=\"t m0 x1a h4f yda2 ff122 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Management C<span class=\"_ _2\"></span>ommittee<span class=\"lse0 wsef\">).<span class=\"ls0 ws0\">  </span></span></div>\n<div class=\"t m0 x247 h85 ye72 ff12b fs54 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">BOARD O<span class=\"_ _2\"></span>F</div>\n<div class=\"t m0 x247 h85 ye73 ff12b fs54 fc19 sc0 ls12c ws151\" style=\"z-index: 15;\">DIRECTORS</div>\n<div class=\"t m0 x247 h86 ye74 ff12c fs54 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">LEV<span class=\"_ _2\"></span>EL 1</div>\n<div class=\"t m0 xf6 h87 ye79 ff12b fs55 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">BOARD OF DIRECTORS</div>\n<div class=\"t m0 x248 h85 ye7a ff12b fs54 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">RISK &amp; CAPITAL COMMITTEE</div>\n<div class=\"t m0 xb5 h85 ye7a ff12b fs54 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">AUDIT COMMITTEE</div>\n<div class=\"t m0 x247 h85 ye70 ff12b fs54 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">GROUP</div>\n<div class=\"t m0 x247 h86 ye71 ff12c fs54 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">LEVEL 2</div>\n<div class=\"t m0 x5 h88 ye7b ff12b fs52 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Executive Committee (CEO, CFO, CRO, MDA &amp; MDE)</div>\n<div class=\"t m0 x249 h88 ye7c ff12b fs52 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Management Committee</div>\n<div class=\"t m0 x87 h84 ye7d ff12b fs53 fc5 sc0 ls12d ws152\" style=\"z-index: 15;\">Agea<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x24a h84 ye7e ff12b fs53 fc5 sc0 ls12e ws153\" style=\"z-index: 15;\">Inv<span class=\"_ _0\"></span>estment</div>\n<div class=\"t m0 x24a h84 ye7f ff12b fs53 fc5 sc0 ls12f ws154\" style=\"z-index: 15;\">Committee</div>\n<div class=\"t m0 x1e0 h84 ye7d ff12b fs53 fc5 sc0 ls12d ws152\" style=\"z-index: 15;\">Agea<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x19 h84 ye7e ff12b fs53 fc5 sc0 ls12e ws153\" style=\"z-index: 15;\">Risk</div>\n<div class=\"t m0 x2a h84 ye7f ff12b fs53 fc5 sc0 ls12f ws154\" style=\"z-index: 15;\">Committee</div>\n<div class=\"t m0 xfd h89 ye8b ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Ageas</div>\n<div class=\"t m0 x1a0 h89 ye8c ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk</div>\n<div class=\"t m0 x250 h89 ye8d ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Forum</div>\n<div class=\"t m0 x24e h89 ye8b ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Model</div>\n<div class=\"t m0 x24f h89 ye8c ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Control</div>\n<div class=\"t m0 x24e h89 ye8d ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Board</div>\n<div class=\"t m8 x2b h89 ye88 ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk specific</div>\n<div class=\"t m8 x24d h89 ye89 ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Technical</div>\n<div class=\"t m8 x119 h89 ye8a ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">committees</div>\n<div class=\"t m0 x8e h84 ye80 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Gr<span class=\"_ _2\"></span>oup R<span class=\"_ _2\"></span>isk</div>\n<div class=\"t m0 x222 h84 ye81 ff12b fs53 fc5 sc0 ls130 ws155\" style=\"z-index: 15;\">Func<span class=\"_ _2\"></span>tion</div>\n<div class=\"t m0 x24b h84 ye82 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Gr<span class=\"_ _2\"></span>oup C<span class=\"_ _2\"></span>IS<span class=\"_ _2\"></span>O</div>\n<div class=\"t m0 x9c h84 ye83 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Gr<span class=\"_ _2\"></span>oup Ac<span class=\"_ _2\"></span>tu<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>al</div>\n<div class=\"t m0 x222 h84 ye84 ff12b fs53 fc5 sc0 ls130 ws155\" style=\"z-index: 15;\">Func<span class=\"_ _2\"></span>tion</div>\n<div class=\"t m0 x80 h84 ye85 ff12b fs53 fc5 sc0 ls131 ws156\" style=\"z-index: 15;\">V<span class=\"_ _2b\"></span>alidation</div>\n<div class=\"t m0 x24c h84 ye86 ff12b fs53 fc5 sc0 ls132 ws157\" style=\"z-index: 15;\">Group</div>\n<div class=\"t m0 x246 h84 ye87 ff12b fs53 fc5 sc0 ls133 ws158\" style=\"z-index: 15;\">DPO</div>\n<div class=\"t m0 x23f h84 ye86 ff12b fs53 fc5 sc0 ls132 ws157\" style=\"z-index: 15;\">Group</div>\n<div class=\"t m0 xec h84 ye87 ff12b fs53 fc5 sc0 ls134 ws159\" style=\"z-index: 15;\">Compliance</div>\n<div class=\"t m0 xc8 h84 ye86 ff12b fs53 fc5 sc0 ls132 ws157\" style=\"z-index: 15;\">Group</div>\n<div class=\"t m0 xc9 h84 ye87 ff12b fs53 fc5 sc0 ls12e ws153\" style=\"z-index: 15;\">Audit</div>\n<div class=\"t m0 x247 h85 ye6d ff12b fs54 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">REGIONAL</div>\n<div class=\"t m0 x247 h85 ye6e ff12b fs54 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">&amp; OPCO</div>\n<div class=\"t m0 x247 h86 ye6f ff12c fs54 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">LEVEL 3</div>\n<div class=\"t m0 x28 h84 ye8e ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Business</div>\n<div class=\"t m0 x29 h84 ye8f ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Management</div>\n<div class=\"t m0 x10c h8a ye92 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Audit, Risk and <span class=\"_ _0\"></span>Asset-Liability</div>\n<div class=\"t m0 x253 h8a ye93 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Management Committees</div>\n<div class=\"t m0 xbc h8a ye94 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Management Network</div>\n<div class=\"t m0 x25 h8a ye95 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">(incl. Regional Risk Coordinators,</div>\n<div class=\"t m0 x40 h8a ye96 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Local Operating Company</div>\n<div class=\"t m0 x254 h8a ye97 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Officers &amp; CISOs*)</div>\n<div class=\"t m0 xee h8a ye98 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Local Actuarial Function</div>\n<div class=\"t m0 x1ef h84 ye6b ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Local</div>\n<div class=\"t m0 x246 h84 ye6c ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">DPO</div>\n<div class=\"t m0 xab h84 ye75 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Local</div>\n<div class=\"t m0 xec h84 ye76 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Compliance</div>\n<div class=\"t m0 xc9 h84 ye77 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Local</div>\n<div class=\"t m0 xc9 h84 ye78 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Audit</div>\n<div class=\"t m0 x13b h84 ye90 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Level 1</div>\n<div class=\"t m0 x251 h84 ye91 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Taking</div>\n<div class=\"t m0 x252 h84 ye90 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Level 2</div>\n<div class=\"t m0 x6a h84 ye91 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk / Compliance Control</div>\n<div class=\"t m0 xc8 h84 ye90 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Level 3</div>\n<div class=\"t m0 xd5 h84 ye91 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Assurance</div>\n<div class=\"t ma xdb h8b ye99 ff12a fs56 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">*  Local CISOs have a functional reporting line to local risk management</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 424px; height: 682px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 424px; height: 682px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The follo<span class=\"_ _0\"></span>wing bod<span class=\"_ _0\"></span>ies provi<span class=\"_ _0\"></span>de advic<span class=\"_ _0\"></span>e <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsfa\">ultimately to t<span class=\"_ _2b\"></span>he Executive </span></div>\n<div class=\"t m0 x7 h4f y803 ff12d fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">Committee<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">an<span class=\"_ _0\"></span>d/or the Boar<span class=\"_ _2b\"></span>d, unless they have b<span class=\"_ _0\"></span>een explic<span class=\"_ _0\"></span>itly mand<span class=\"_ _0\"></span>ated </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">by Exec<span class=\"_ _0\"></span>utive C<span class=\"_ _0\"></span>ommitte<span class=\"_ _0\"></span>e and/or <span class=\"_ _0\"></span>Board t<span class=\"_ _0\"></span>o take dec<span class=\"_ _0\"></span>isions<span class=\"_ _2b\"></span> on specific</div>\n<div class=\"t m0 x7 h4f y805 ff12d fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">tasks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd16 ff12d fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas Inv<span class=\"_ _0\"></span>estment C<span class=\"_ _0\"></span>ommitt<span class=\"_ _0\"></span>ee<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7b ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas Inv<span class=\"_ _2b\"></span>estment Comm<span class=\"_ _0\"></span>ittee (<span class=\"_ _0\"></span>AGICO) a<span class=\"_ _0\"></span>dvises t<span class=\"_ _0\"></span>he Exec<span class=\"_ _0\"></span>utive</div>\n<div class=\"t m0 x7 h4f yd17 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Committ<span class=\"_ _2b\"></span>ee and monitors ov<span class=\"_ _0\"></span>erall asset<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>e<span class=\"lse2 wsf1\">xposures<span class=\"lsf4 ws10c\">. <span class=\"lse1 ws11d\">It advises </span></span></span></div>\n<div class=\"t m0 x7 h4f yd18 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">management on<span class=\"_ _2\"></span> decisions rega<span class=\"_ _2\"></span>rding investments. <span class=\"_ _2\"></span>Its role also in<span class=\"_ _2\"></span>cludes</div>\n<div class=\"t m0 x7 h4f yd19 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">making r<span class=\"_ _2b\"></span>ecommendation<span class=\"_ _0\"></span>s relat<span class=\"_ _0\"></span>ing to t<span class=\"_ _0\"></span>he Strat<span class=\"_ _0\"></span>egic Ass<span class=\"_ _0\"></span>et Alloc<span class=\"_ _2b\"></span>ation and</div>\n<div class=\"t m0 x7 h4f y8cd ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Asset &amp; <span class=\"_ _0\"></span>Liabilit<span class=\"_ _2b\"></span>y management a<span class=\"_ _0\"></span>nd aims t<span class=\"_ _2b\"></span>o optimise the <span class=\"_ _0\"></span>overall</div>\n<div class=\"t m0 x7 h4f y8ce ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment stra<span class=\"_ _2\"></span>tegy<span class=\"ls0 ws0\"> </span>in accordance<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">wit<span class=\"_ _0\"></span>h the risk<span class=\"_ _0\"></span> framew<span class=\"_ _2b\"></span>ork and withi<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x7 h4f y882 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">agreed lim<span class=\"_ _2\"></span>its. <span class=\"wsf1\">Group <span class=\"lse0 wsf0\">Risk partic<span class=\"_ _0\"></span>ipates to <span class=\"lse2 wsfa\">ensure risk mitigat<span class=\"ls102 ws11d\">ing<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></span><span class=\"lse1\">actions </span></span></span></div>\n<div class=\"t m0 x7 h4f y883 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are tak<span class=\"_ _0\"></span>en when n<span class=\"_ _0\"></span>ecessa<span class=\"_ _0\"></span>ry. This<span class=\"_ _0\"></span> committ<span class=\"_ _2b\"></span>ee is split int<span class=\"_ _0\"></span>o an Asi<span class=\"_ _0\"></span>an part a<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x7 h4f y884 ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">a European part<span class=\"_ _2\"></span> to ensure relevant regional focu<span class=\"_ _2\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc84 ff12d fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas Risk Committee<span class=\"_ _2\"></span> (A<span class=\"lsfa ws114\">RC)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc85 ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas Risk Committee<span class=\"_ _2\"></span> (ARC)<span class=\"ls0 ws0\"> </span>advises the Exec<span class=\"_ _2\"></span>utive Committee on all</div>\n<div class=\"t m0 x7 h4f y887 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">risk re<span class=\"_ _0\"></span>lated top<span class=\"_ _2b\"></span>ics ensuring t<span class=\"_ _0\"></span>hat all r<span class=\"_ _0\"></span>isks th<span class=\"_ _0\"></span>at affect<span class=\"_ _0\"></span> the achi<span class=\"_ _2b\"></span>evement of</div>\n<div class=\"t m0 x7 h4f y888 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">strategic, o<span class=\"_ _2\"></span>perational and fina<span class=\"_ _2\"></span>ncial objectives <span class=\"_ _2\"></span>are promptly identif<span class=\"_ _2\"></span>ied,</div>\n<div class=\"t m0 x7 h4f y889 ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">measured, manage<span class=\"_ _2\"></span>d, reported and monito<span class=\"wsfa\">red (<span class=\"_ _2\"></span>through adequate ri<span class=\"_ _2\"></span>sk </span></div>\n<div class=\"t m0 x7 h4f y88a ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">appetite l<span class=\"_ _2\"></span>imits) and that ade<span class=\"_ _2\"></span>quate risk managem<span class=\"_ _2\"></span>ent governance and</div>\n<div class=\"t m0 x7 h4f y88b ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">organis<span class=\"_ _0\"></span>ations <span class=\"_ _0\"></span>are in pl<span class=\"_ _0\"></span>ace and f<span class=\"_ _2b\"></span>ollowed (as st<span class=\"_ _0\"></span>ipulate<span class=\"_ _0\"></span>d in the c<span class=\"_ _0\"></span>ontext <span class=\"_ _0\"></span>of</div>\n<div class=\"t m0 x7 h4f y88c ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the ERM <span class=\"_ _0\"></span>Framew<span class=\"_ _0\"></span>ork). T<span class=\"_ _0\"></span>he <span class=\"wsf0\">Group,<span class=\"_ _0\"></span> regional a<span class=\"_ _2b\"></span>nd local <span class=\"lse1 ws11d\">Chief Risk Officers </span></span></div>\n<div class=\"t m0 x7 h4f y88d ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and Chief <span class=\"_ _2\"></span>Financial <span class=\"ws103\">Officers<span class=\"_ _2\"></span> from the regions are members<span class=\"_ _2\"></span> of the ARC, </span></div>\n<div class=\"t m0 x7 h4f y88e ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">which ensures th<span class=\"_ _2\"></span>at decisions or recommenda<span class=\"_ _2\"></span>tions made by the ARC</div>\n<div class=\"t m0 x7 h4f y88f ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">take int<span class=\"_ _2b\"></span>o account the vi<span class=\"_ _0\"></span>ews and <span class=\"_ _0\"></span>expertis<span class=\"_ _2b\"></span>e of the operat<span class=\"_ _2b\"></span>ions. The most</div>\n<div class=\"t m0 x7 h4f y890 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> risk issues and<span class=\"_ _2\"></span> methodologies are<span class=\"_ _2\"></span> also reviewed and<span class=\"_ _2\"></span> decided</div>\n<div class=\"t m0 x7 h4f y891 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">upon by the Ex<span class=\"_ _0\"></span>ecutiv<span class=\"_ _0\"></span>e Committ<span class=\"_ _0\"></span>ee and by the Bo<span class=\"_ _0\"></span>ard. The AR<span class=\"_ _0\"></span>C is itself</div>\n<div class=\"t m0 x7 h4f y892 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">advised <span class=\"_ _2b\"></span>by the Ageas Ris<span class=\"_ _0\"></span>k Foru<span class=\"_ _0\"></span>m on topi<span class=\"_ _0\"></span>cs relat<span class=\"_ _2b\"></span>ed to th<span class=\"lsfb ws127\">e risk </span></div>\n<div class=\"t m0 x7 h4f y893 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">management <span class=\"_ _2\"></span>framework and by <span class=\"_ _2\"></span>the Ageas Model Cont<span class=\"_ _2\"></span>rol Board that</div>\n<div class=\"t m0 x7 h4f y894 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">makes su<span class=\"_ _0\"></span>re the m<span class=\"_ _2b\"></span>odels used ar<span class=\"_ _0\"></span>e approp<span class=\"_ _0\"></span>riate a<span class=\"_ _0\"></span>nd suit<span class=\"_ _0\"></span>ed to the t<span class=\"_ _0\"></span>a<span class=\"lse1 ws104\">sk they </span></div>\n<div class=\"t m0 x7 h4f y895 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are used for.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9af ff12d fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas Risk <span class=\"_ _2\"></span>Forum (ARF)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9b0 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas Risk <span class=\"_ _2\"></span>Forum (ARF<span class=\"lse0\">) advises<span class=\"_ _0\"></span> the Age<span class=\"_ _0\"></span>as Risk C<span class=\"_ _2b\"></span>ommittee on t<span class=\"_ _0\"></span>opics </span></div>\n<div class=\"t m0 x7 h4f y9b1 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related t<span class=\"_ _0\"></span>o the enterpr<span class=\"_ _2b\"></span>ise risk<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">management<span class=\"_ _2\"></span> framework. <span class=\"wsfa\">Group, r<span class=\"wsf1\">egiona<span class=\"_ _2\"></span>l </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y9b2 ff12d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"lse2 wsf1\">local </span><span class=\"wsf0\">Risk Officers<span class=\"_ _0\"></span> are membe<span class=\"_ _0\"></span>rs of the ARF, e<span class=\"_ _0\"></span>nsuring k<span class=\"_ _0\"></span>nowle<span class=\"_ _0\"></span>dge </span></div>\n<div class=\"t m0 x7 h4f y9b3 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and best <span class=\"wsfa\">pr<span class=\"_ _0\"></span>actice s<span class=\"_ _0\"></span>haring t<span class=\"_ _2b\"></span>o further devel<span class=\"_ _2b\"></span>op and contin<span class=\"_ _0\"></span>uously i<span class=\"_ _0\"></span>mprove </span></div>\n<div class=\"t m0 x7 h4f y9b4 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the Group\u2019<span class=\"_ _2\"></span>s ERM framework. The<span class=\"_ _2\"></span> ARF itself is<span class=\"_ _2\"></span> advised by Risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf1\">Specific </span></div>\n<div class=\"t m0 x7 h4f y9b5 ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Technical Commi<span class=\"_ _2\"></span>ttees where appropriate.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8c ff12d fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas Model <span class=\"_ _2\"></span>Control Board (<span class=\"_ _2\"></span>MCB)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8d ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas Mod<span class=\"_ _0\"></span>el Contr<span class=\"_ _0\"></span>ol Board (MC<span class=\"_ _2b\"></span>B) <span class=\"lse2 wsf1\">adv<span class=\"_ _2\"></span>ises<span class=\"ls0 ws0\"> </span></span>(and escal<span class=\"_ _2b\"></span>ates when</div>\n<div class=\"t m0 x7 h4f yc8e ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">appropri<span class=\"_ _2b\"></span>ate to) the Age<span class=\"_ _2b\"></span>as Risk Commi<span class=\"_ _0\"></span>ttee on t<span class=\"_ _2b\"></span>opics related t<span class=\"_ _0\"></span>o the</div>\n<div class=\"t m0 x7 h4f yc8f ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">models and methodolo<span class=\"_ _2\"></span>gy. The MCB is composed of Grou<span class=\"_ _2\"></span>p Risk Model</div>\n<div class=\"t m0 x7 h4f yc90 ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Managers<span class=\"ws103\">, regio<span class=\"_ _2\"></span>nal and local <span class=\"lse0 wsf0\">represe<span class=\"_ _2b\"></span>ntatives, allow<span class=\"_ _0\"></span>ing for the pr<span class=\"_ _0\"></span>oper </span></span></div>\n<div class=\"t m0 x1a h4f yd4c ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interac<span class=\"_ _0\"></span>tions w<span class=\"_ _0\"></span>ith the l<span class=\"_ _0\"></span>ocal Mo<span class=\"_ _0\"></span>del Cont<span class=\"_ _0\"></span>rol Boa<span class=\"_ _0\"></span>rds. Th<span class=\"_ _0\"></span>e MCB ens<span class=\"_ _0\"></span>ures that<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ye9a ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the models used<span class=\"_ _2\"></span> are appropriate and <span class=\"wsfa\">fit for<span class=\"_ _2\"></span> purpose<span class=\"lsf4 ws10c\">. <span class=\"lse1 ws104\">The MCB is itself </span></span></span></div>\n<div class=\"t m0 x1a h4f ye9b ff12d fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">advised by Risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">Specific<span class=\"_ _2\"></span> Technical Committees where ap<span class=\"_ _2\"></span>propriate.</span> <span class=\"ls107 ws122\">A </span></span></div>\n<div class=\"t m0 x1a h4f ye9c ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">dedicated M<span class=\"_ _2\"></span>odel Control Board<span class=\"_ _2\"></span> is organised for<span class=\"_ _2\"></span> model<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">related to<span class=\"_ _2b\"></span>pics </span></span></div>\n<div class=\"t m0 x1a h4f ye9d ff12d fs3a fc14 sc0 lse1 ws104\" style=\"z-index: 15;\">specific to <span class=\"ls0 ws0\">A<span class=\"lse0 wsef\">ge<span class=\"wsf0\">as SA/N<span class=\"_ _0\"></span>V, focuss<span class=\"_ _0\"></span>ing on holdi<span class=\"_ _2b\"></span>ng specific activ<span class=\"_ _0\"></span>ities and </span></span></span></div>\n<div class=\"t m0 x1a h4f yd2e ff12d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ance.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd4d ff12d fs3a fc1f sc0 lse1 wsf0\" style=\"z-index: 15;\">Risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">specifi<span class=\"_ _2\"></span>c technical committees</span> </span></div>\n<div class=\"t m0 x1a h4f yd4e ff12d fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">Risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">specifi<span class=\"_ _2\"></span>c technical committees,</span> </span><span class=\"lse0\">such as the Ageas Fi<span class=\"_ _0\"></span>nancial Ris<span class=\"_ _2b\"></span>k </span></div>\n<div class=\"t m0 x1a h4f yd4f ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Technic<span class=\"_ _0\"></span>al Commit<span class=\"_ _0\"></span>tee, Ag<span class=\"_ _0\"></span>eas Life Tec<span class=\"_ _0\"></span>hnical Com<span class=\"_ _2b\"></span>mittee, Ageas N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">life<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd50 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Technical <span class=\"_ _2\"></span>Committee and Ageas Op<span class=\"_ _2\"></span>erational Risk T<span class=\"_ _2\"></span>echnical Committee</div>\n<div class=\"t m0 x1a h4f yd51 ff12d fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">act <span class=\"lse0 wsf0\">as technical ex<span class=\"_ _2b\"></span>pert bodies. They as<span class=\"_ _0\"></span>sure cons<span class=\"_ _2b\"></span>istency of meth<span class=\"_ _0\"></span>odology </span></div>\n<div class=\"t m0 x1a h4f yd52 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and modelli<span class=\"_ _2\"></span>ng approaches acros<span class=\"_ _2\"></span>s Ageas\u2019s local ope<span class=\"_ _2\"></span>rating companies.</div>\n<div class=\"t m0 x1a h4f yd35 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">They fac<span class=\"_ _2b\"></span>ilitate the col<span class=\"_ _0\"></span>lectio<span class=\"_ _0\"></span>n of busi<span class=\"_ _2b\"></span>ness requirem<span class=\"_ _0\"></span>ents and a<span class=\"_ _2b\"></span>lign Ageas</div>\n<div class=\"t m0 x1a h4f yd36 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Group plat<span class=\"_ _0\"></span>forms su<span class=\"_ _2b\"></span>pporting the relev<span class=\"_ _2b\"></span>ant risk asses<span class=\"lse1 ws11d\">sments with business </span></div>\n<div class=\"t m0 x1a h4f yd37 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">requirements<span class=\"_ _2\"></span> and overall regul<span class=\"_ _2\"></span>atory requirements.<span class=\"_ _2\"></span> They act as adv<span class=\"_ _2\"></span>isory</div>\n<div class=\"t m0 x1a h4f yd38 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">bodies to<span class=\"_ _2\"></span> the ARF and MCB.<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ye9e ff12d fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Group Risk<span class=\"_ _0\"></span> Functi<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ye9f ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Group <span class=\"_ _2\"></span>Risk Function <span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> </span>headed by th<span class=\"_ _2\"></span>e Group <span class=\"lse0 wsef\">Chief <span class=\"lse1 ws104\">Risk Officer<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd53 ff12d fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">(CRO)<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span>- <span class=\"lse2 wsfa\">is respon<span class=\"_ _2\"></span>sible for monitoring<span class=\"_ _2\"></span> and reporting</span> <span class=\"_ _2\"></span><span class=\"lse2 ws103\">on the overall risk </span></span></div>\n<div class=\"t m0 x1a h4f yd54 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">profile <span class=\"_ _0\"></span>of the G<span class=\"_ _0\"></span>roup inc<span class=\"_ _0\"></span>luding t<span class=\"_ _0\"></span>he aggre<span class=\"_ _2b\"></span>gate risk prof<span class=\"_ _0\"></span>ile of t<span class=\"_ _0\"></span>he insur<span class=\"_ _0\"></span>ance</div>\n<div class=\"t m0 x1a h4f yd55 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">companies. <span class=\"_ _2\"></span>It develops, propose<span class=\"_ _2\"></span>s and implements<span class=\"_ _2\"></span> the ERM framework</div>\n<div class=\"t m0 x1a h4f yd56 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that it do<span class=\"_ _2\"></span>cuments through re<span class=\"_ _2\"></span>gularly updated ERM <span class=\"_ _2\"></span>policies. It ensure<span class=\"_ _2\"></span>s the</div>\n<div class=\"t m0 x1a h4f yd57 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">appropriatenes<span class=\"_ _2\"></span>s of th<span class=\"lse0 wsf0\">e overall mo<span class=\"_ _2b\"></span>del governance tak<span class=\"_ _2b\"></span>ing into account </span></div>\n<div class=\"t m0 x1a h4f yd58 ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">remarks made by Agea<span class=\"_ _2\"></span>s\u2019<span class=\"ls0 ws0\">s </span>independen<span class=\"_ _2\"></span>t Model Validation team.<span class=\"_ _2\"></span> It also</div>\n<div class=\"t m0 x1a h4f yd59 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coordin<span class=\"_ _0\"></span>ates maj<span class=\"_ _0\"></span>or risk relat<span class=\"_ _0\"></span>ed project<span class=\"_ _2b\"></span>s.<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">Gro<span class=\"_ _2\"></span>up Risk </span>(<span class=\"lse2 wsf1\">als<span class=\"_ _2\"></span>o </span></span><span class=\"wsef\">being <span class=\"lse2 ws103\">part of </span></span></div>\n<div class=\"t m0 x1a h4f yd5a ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"wsfa\">Sus<span class=\"_ _2\"></span>tainability N<span class=\"lse0 wsef\">etwork<span class=\"wsfa\">) f<span class=\"_ _2b\"></span>ollows<span class=\"ls0 ws0\"> </span>the topic <span class=\"_ _0\"></span>of sust<span class=\"_ _0\"></span>ainabilit<span class=\"_ _2b\"></span>y, <span class=\"lse2 wsf1\">and </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yd5b ff12d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">m<span class=\"lse2 wsf1\">onitors<span class=\"_ _2\"></span></span> <span class=\"lse0 wsef\">devel<span class=\"_ _2b\"></span>opments <span class=\"ls0 ws0\">- <span class=\"lse2 wsfa\">s<span class=\"_ _2\"></span>uch as European Commi<span class=\"_ _2\"></span>ssion action plans<span class=\"_ _2\"></span>, </span></span></span></div>\n<div class=\"t m0 x1a h4f yd5c ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EIOPA (E<span class=\"_ _0\"></span>uropean I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e and Occupat<span class=\"_ _2b\"></span>ional Pensions<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Auth<span class=\"_ _0\"></span>ority)</div>\n<div class=\"t m0 x1a h4f yd5d ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">opinio<span class=\"_ _0\"></span>ns, Regul<span class=\"_ _0\"></span>atory stat<span class=\"_ _2b\"></span>ements and chang<span class=\"_ _0\"></span>es in regul<span class=\"_ _0\"></span>ation <span class=\"ls0 ws0\">- </span><span class=\"wsef\">and </span></div>\n<div class=\"t m0 x1a h4f yd5e ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">prepares ap<span class=\"_ _2\"></span>propriate <span class=\"lse0 wsef\">actions<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f yd5f ff12d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c1 ff12d fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">Inf<span class=\"lse0 wsfa\">ormati<span class=\"_ _0\"></span>on Securit<span class=\"_ _2b\"></span>y is part of the<span class=\"_ _0\"></span> ERM fr<span class=\"_ _0\"></span>amework<span class=\"ls0 ws0\"> \u2013 </span>the Ex<span class=\"_ _0\"></span>ecutive </span></div>\n<div class=\"t m0 x1a h4f y8c2 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Committ<span class=\"_ _2b\"></span>ee (ExCo) is ultimat<span class=\"_ _2b\"></span>ely accountable f<span class=\"_ _0\"></span>or the info<span class=\"_ _0\"></span>rmation s<span class=\"_ _0\"></span>ecurity<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y8c3 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">policy <span class=\"_ _0\"></span>and the d<span class=\"_ _0\"></span>esign, i<span class=\"_ _2b\"></span>mplementation<span class=\"_ _2b\"></span> and correct op<span class=\"_ _0\"></span>eration <span class=\"_ _2b\"></span>of the</div>\n<div class=\"t m0 x1a h4f y8c4 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related c<span class=\"_ _0\"></span>ontrols.<span class=\"_ _0\"></span> The ExCo ass<span class=\"_ _2b\"></span>igns day<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-<span class=\"lse2 ws103\">day<span class=\"_ _2\"></span> responsibility for these </span></span></div>\n<div class=\"t m0 x1a h4f y8c5 ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">arrangements<span class=\"_ _2\"></span> to<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">the Gro<span class=\"_ _2b\"></span>up Chief Informat<span class=\"_ _0\"></span>ion Secu<span class=\"_ _0\"></span>rity Office<span class=\"_ _0\"></span>r (CISO)<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd48 ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">who<span class=\"ls0 ws0\"> </span><span class=\"ws103\">report<span class=\"_ _2\"></span>s to Senior Management within<span class=\"_ _2\"></span> the Group Risk organisation<span class=\"_ _2\"></span>. </span></div>\n<div class=\"t m0 x1a h4f yca8 ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ws103\">Group<span class=\"_ _2\"></span> (and local) <span class=\"lsfc ws115\">CISO</span>s de<span class=\"_ _2\"></span>velop and maintain<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">the informatio<span class=\"_ _0\"></span>n </span></span></span></div>\n<div class=\"t m0 x1a h4f yca9 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">security<span class=\"_ _0\"></span> strate<span class=\"_ _0\"></span>gy and policy<span class=\"_ _0\"></span> that supp<span class=\"_ _0\"></span>orts infor<span class=\"_ _2b\"></span>mation security<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ycaa ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">gover<span class=\"wsfa\">nance <span class=\"_ _2\"></span>framework, and coordin<span class=\"_ _2\"></span>ate<span class=\"ls0 ws0\"> </span><span class=\"lse0\">inform<span class=\"_ _0\"></span>ation sec<span class=\"_ _2b\"></span>urity across t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f ycab ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">organisation<span class=\"_ _2\"></span>. <span class=\"lse0 wsfa\">Grou<span class=\"_ _0\"></span>p (and loc<span class=\"_ _2b\"></span>al) <span class=\"wsf0\">CISOs overs<span class=\"_ _0\"></span>ee informat<span class=\"_ _2b\"></span>ion security </span></span></div>\n<div class=\"t m0 x1a h4f ycac ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">program<span class=\"_ _0\"></span>mes and rel<span class=\"_ _0\"></span>ated init<span class=\"_ _0\"></span>iatives<span class=\"lse2 wsfa\">, and<span class=\"ls0 ws0\"> </span></span>at leas<span class=\"_ _0\"></span>t twice per ye<span class=\"_ _0\"></span>ar <span class=\"lse2 wsfa\">report on </span></div>\n<div class=\"t m0 x1a h4f ycad ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">informat<span class=\"_ _2b\"></span>ion security r<span class=\"_ _2b\"></span>elated risks a<span class=\"_ _0\"></span>nd leve<span class=\"_ _0\"></span>l of mat<span class=\"_ _0\"></span>urity to <span class=\"_ _0\"></span>appropri<span class=\"_ _2b\"></span>ate</div>\n<div class=\"t m0 x1a h4f ycae ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Steering <span class=\"_ _2\"></span>/ Risk Committees, Ex<span class=\"_ _2\"></span>ecutive Management a<span class=\"_ _2\"></span>nd Board of</div>\n<div class=\"t m0 x1a h4f ycaf ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Directors<span class=\"ls0 ws0\">.</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 361px; height: 745px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 361px; height: 745px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff130 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Group D<span class=\"_ _0\"></span>ata Prot<span class=\"_ _0\"></span>ection F<span class=\"_ _2b\"></span>unction<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Data Pr<span class=\"_ _0\"></span>otectio<span class=\"_ _0\"></span>n Officer (D<span class=\"_ _2b\"></span>PO) is an ind<span class=\"lse2 ws103\">ependent func<span class=\"_ _2\"></span>tion that<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">provides adequa<span class=\"_ _2\"></span>te support to <span class=\"wsf1\">the managem<span class=\"_ _2\"></span>ent <span class=\"lsfc ws115\">team<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">with<span class=\"_ _0\"></span> regard t<span class=\"_ _0\"></span>o their </span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> for ensuri<span class=\"_ _2b\"></span>ng compliance wit<span class=\"_ _0\"></span>h GDPR. The DP<span class=\"_ _2b\"></span>O<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">monitors </span></div>\n<div class=\"t m0 x7 h4f y806 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compliance with<span class=\"_ _2\"></span> GDPR and any relevant data pro<span class=\"_ _2\"></span>tection laws and</div>\n<div class=\"t m0 x7 h4f y807 ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">regulations<span class=\"_ _2\"></span> (including Ageas<span class=\"lse1 wsf0\">'s<span class=\"ls0 ws0\"> <span class=\"ls106 ws124\">in</span></span></span><span class=\"ws103\">ter<span class=\"_ _2\"></span>nal policies)<span class=\"ls0 ws0\"> </span></span>through<span class=\"_ _2\"></span> appropriate</div>\n<div class=\"t m0 x7 h4f y808 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">manage<span class=\"_ _0\"></span>ment struc<span class=\"_ _0\"></span>tures an<span class=\"_ _0\"></span>d controls,<span class=\"_ _2b\"></span> and performs anal<span class=\"_ _2b\"></span>ysis of security,</div>\n<div class=\"t m0 x7 h4f y809 ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">privacy and<span class=\"_ _2\"></span> data protection <span class=\"_ _2\"></span>risks; The results<span class=\"_ _2\"></span> of these analyses<span class=\"_ _2\"></span> are</div>\n<div class=\"t m0 x7 h4f y80a ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reporte<span class=\"_ _0\"></span>d to the Boar<span class=\"_ _0\"></span>d of Directo<span class=\"_ _2b\"></span>rs on at least a yearly ba<span class=\"_ _0\"></span>sis. <span class=\"lse2 ws103\">The DPO </span></div>\n<div class=\"t m0 x7 h4f y80b ff130 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"lse0 wsef\">scalate<span class=\"wsf0\">s iss<span class=\"_ _2b\"></span>ues to the local Data P<span class=\"_ _0\"></span>rotect<span class=\"_ _0\"></span>ion Autho<span class=\"_ _0\"></span>rity (DP<span class=\"_ _0\"></span>A) <span class=\"ls106 ws10c\">when it is </span></span></span></div>\n<div class=\"t m0 x7 h4f y80c ff130 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">clear t<span class=\"_ _0\"></span>hat the ent<span class=\"_ _2b\"></span>ity <span class=\"ls102 ws11d\">will<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span>start<span class=\"_ _0\"></span> process<span class=\"_ _2b\"></span>ing persona<span class=\"_ _0\"></span>l data th<span class=\"_ _2b\"></span>at could cause</div>\n<div class=\"t m0 x7 h4f y80d ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">damage a<span class=\"_ _0\"></span>nd/or dist<span class=\"_ _0\"></span>ress to the d<span class=\"_ _0\"></span>ata subjects<span class=\"_ _0\"></span>. The DP<span class=\"_ _0\"></span>O also organi<span class=\"_ _0\"></span>ses</div>\n<div class=\"t m0 x7 h4f y80e ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">educat<span class=\"_ _0\"></span>ional prog<span class=\"_ _2b\"></span>rammes to staff mak<span class=\"_ _0\"></span>ing sure t<span class=\"_ _0\"></span>hat<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">accountabilit<span class=\"_ _2\"></span>ies and </span></span></div>\n<div class=\"t m0 x7 h4f y80f ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respons<span class=\"_ _2b\"></span>ibilities within t<span class=\"_ _0\"></span>he entity ar<span class=\"_ _2b\"></span>e understood.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y885 ff130 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Group Actuari<span class=\"_ _2\"></span>al Function<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y886 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An independent fun<span class=\"_ _2\"></span>ction directly reporting to<span class=\"_ _2\"></span> the CRO <span class=\"lsfc ws115\">to<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">facilitat<span class=\"_ _0\"></span>e the </span></span></span></div>\n<div class=\"t m0 x7 h4f y8cf ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">collabo<span class=\"_ _0\"></span>ration w<span class=\"_ _0\"></span>ith the Risk Ma<span class=\"_ _0\"></span>nagem<span class=\"_ _0\"></span>ent System<span class=\"_ _0\"></span>. The main ro<span class=\"_ _2b\"></span>le of the</div>\n<div class=\"t m0 x7 h4f y8d0 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Actuarial func<span class=\"_ _2\"></span>tion<span class=\"ls0 ws0\"> </span>is to issue Actuar<span class=\"_ _2\"></span>ial Opinions on three key subje<span class=\"_ _2\"></span>cts</div>\n<div class=\"t m0 x7 h4f y8d1 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(Technic<span class=\"_ _2b\"></span>al Provisions, U<span class=\"_ _0\"></span>nderwri<span class=\"_ _0\"></span>ting and R<span class=\"_ _0\"></span>einsura<span class=\"_ _0\"></span>nce), and a<span class=\"_ _0\"></span>ddition<span class=\"_ _0\"></span>ally,</div>\n<div class=\"t m0 x7 h4f y8d2 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coordin<span class=\"_ _0\"></span>ates the c<span class=\"_ _0\"></span>alculatio<span class=\"_ _2b\"></span>n of <span class=\"_ _2\"></span>tec<span class=\"_ _2b\"></span>hnical provisi<span class=\"_ _0\"></span>ons and ass<span class=\"_ _0\"></span>ures a level of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y8d3 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consistency throu<span class=\"_ _2\"></span>ghout the Group.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88c ff130 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Group Compliance F<span class=\"_ _2\"></span>unc<span class=\"lsfc ws115\">tion<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88d ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An independent con<span class=\"_ _2\"></span>trol function within Ageas<span class=\"_ _2\"></span> that aims to provide</div>\n<div class=\"t m0 x7 h4f y88e ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reasonable a<span class=\"_ _2\"></span>ssurance that the company and its<span class=\"_ _2\"></span> employees comply with</div>\n<div class=\"t m0 x7 h4f y88f ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">laws, regu<span class=\"_ _2\"></span>lations, internal ru<span class=\"_ _2\"></span>les and ethical <span class=\"_ _2\"></span>standards. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9a9 ff130 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Group Internal<span class=\"_ _2\"></span> Audit Function<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9aa ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The internal aud<span class=\"_ _2\"></span>it function c<span class=\"lse0 wsfa\">ontribut<span class=\"_ _2b\"></span>es to the achiev<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s </span></span></span></div>\n<div class=\"t m0 x7 h4f y9ab ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">objectives by pro<span class=\"_ _2\"></span>viding professional and<span class=\"_ _2\"></span> independent assurance on the</div>\n<div class=\"t m0 x7 h4f y9ac ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">effectivenes<span class=\"_ _2\"></span>s of governance, <span class=\"_ _2\"></span>risk management and<span class=\"_ _2\"></span> control processes. <span class=\"_ _2\"></span>If</div>\n<div class=\"t m0 x7 h4f y9ad ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and when appropr<span class=\"_ _2\"></span>iate, Audit formulates<span class=\"_ _2\"></span> recommendations to optimize<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y9ae ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">these p<span class=\"wsef\">roc<span class=\"_ _2b\"></span>esses.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yea1 ff130 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Local Opera<span class=\"_ _2\"></span>ting Companies (OpCo<span class=\"_ _2\"></span>s)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yea2 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Each OpCo<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">is responsible f<span class=\"_ _0\"></span>or ensuri<span class=\"_ _0\"></span>ng that it has<span class=\"_ _0\"></span> a compreh<span class=\"_ _0\"></span>ensive ris<span class=\"_ _2b\"></span>k </span></span></div>\n<div class=\"t m0 x1a h4f yea3 ff130 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">manage<span class=\"_ _0\"></span>ment fr<span class=\"_ _0\"></span>amework i<span class=\"_ _2b\"></span>n place, and f<span class=\"_ _0\"></span>or mana<span class=\"_ _0\"></span>ging its <span class=\"_ _2b\"></span>risks within t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f yea4 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limits, p<span class=\"_ _0\"></span>olicies an<span class=\"_ _2b\"></span>d guidelines set by R<span class=\"_ _2b\"></span>egulators, Ageas<span class=\"_ _0\"></span> Group and it<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f yea5 ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">local Boar<span class=\"_ _2\"></span>d of Directors.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya21 ff130 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ya22 ff130 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Furtherm<span class=\"_ _2b\"></span>ore, each OpC<span class=\"_ _0\"></span>o is req<span class=\"_ _0\"></span>uired to h<span class=\"_ _2b\"></span>ave the follow<span class=\"_ _0\"></span>ing in pl<span class=\"_ _2b\"></span>ace:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya23 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsf0\">a Board level Risk Co<span class=\"_ _2b\"></span>mmittee and Audit C<span class=\"_ _0\"></span>ommitte<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to ass<span class=\"_ _0\"></span>ist the </span></span></div>\n<div class=\"t m0 x6c h4f ya24 ff130 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Board in f<span class=\"_ _2b\"></span>ulfilling it<span class=\"_ _0\"></span>s <span class=\"lse2 wsf1\">supervision.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ya25 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse2 ws103\">a<span class=\"_ _2\"></span> Management Risk Committee,<span class=\"_ _2\"></span> which supports its management<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x6c h4f ya26 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">team in ens<span class=\"_ _0\"></span>uring that<span class=\"_ _0\"></span> key risks ar<span class=\"_ _0\"></span>e well <span class=\"lse2 wsf1\">understood,<span class=\"ls0 ws0\"> </span>and<span class=\"_ _2\"></span> </span><span class=\"wsef\">appr<span class=\"_ _0\"></span>opriate </span></div>\n<div class=\"t m0 x6c h4f ya27 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risk mana<span class=\"_ _0\"></span>gement p<span class=\"_ _0\"></span>rocedur<span class=\"_ _0\"></span>es are in plac<span class=\"_ _2b\"></span>e;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya28 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsfa\">an ALM Committ<span class=\"_ _0\"></span>ee whos<span class=\"_ _2b\"></span>e role includes<span class=\"_ _0\"></span> the mo<span class=\"_ _0\"></span>nitoring <span class=\"_ _0\"></span>of mark<span class=\"_ _0\"></span>et </span></span></div>\n<div class=\"t m0 x6c h4f ya29 ff130 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">risks t<span class=\"_ _0\"></span>o ensure t<span class=\"_ _0\"></span>hey are <span class=\"_ _0\"></span>manag<span class=\"_ _0\"></span>ed in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with th<span class=\"_ _0\"></span>e risk</div>\n<div class=\"t m0 x6c h4f ya2a ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">framew<span class=\"_ _0\"></span>ork and wit<span class=\"_ _0\"></span>hin agreed li<span class=\"_ _2b\"></span>mits and to make spec<span class=\"_ _2b\"></span>ific decisions</div>\n<div class=\"t m0 x6c h4f ya2b ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or recomm<span class=\"_ _2b\"></span>endations relat<span class=\"_ _0\"></span>ing to <span class=\"lse2 wsf1\">ALM.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ya2c ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsfa\">a local Model C<span class=\"_ _0\"></span>ontrol <span class=\"_ _0\"></span>Board w<span class=\"_ _0\"></span>hich coor<span class=\"_ _2b\"></span>dinates with t<span class=\"_ _2b\"></span>he Ageas </span></span></div>\n<div class=\"t m0 x6c h4f ya2d ff130 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">MCB<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yea6 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsfa\">a Risk Functi<span class=\"_ _0\"></span>on (or Ris<span class=\"_ _0\"></span>k Offic<span class=\"_ _0\"></span>er) to su<span class=\"_ _2b\"></span>pport the work of<span class=\"_ _0\"></span> the Ris<span class=\"_ _0\"></span>k </span></span></div>\n<div class=\"t m0 x6c h4f yea7 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Committ<span class=\"_ _2b\"></span>ee and to provide risk re<span class=\"_ _0\"></span>porting a<span class=\"_ _2b\"></span>nd opinions to the loc<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x6c h4f ya30 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">CEO, loc<span class=\"_ _0\"></span>al Board and t<span class=\"_ _0\"></span>o Group man<span class=\"_ _2b\"></span>age<span class=\"lse2 wsf1\">ment<span class=\"ls0 ws0\">.<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yea8 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsf0\">an Actuarial Func<span class=\"_ _0\"></span>tion in line w<span class=\"_ _0\"></span>ith Solven<span class=\"_ _2b\"></span>cy II regulatory </span></span></div>\n<div class=\"t m0 x6c h4f yea9 ff130 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">requirements<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yeaa ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsfa\">a Compliance F<span class=\"_ _2b\"></span>unction that <span class=\"_ _0\"></span>advises t<span class=\"_ _2b\"></span>he administrat<span class=\"_ _0\"></span>ive or </span></span></div>\n<div class=\"t m0 x6c h4f yeab ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">manage<span class=\"_ _0\"></span>ment body<span class=\"_ _0\"></span> on compli<span class=\"_ _0\"></span>ance with<span class=\"_ _0\"></span> laws, regul<span class=\"_ _0\"></span>ations an<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x6c h4f yeac ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">administra<span class=\"_ _2\"></span>tive requirements and<span class=\"_ _2\"></span> Group and local <span class=\"_ _2\"></span>policies <span class=\"wsf1\">where </span></div>\n<div class=\"t m0 x6c h4f yead ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">these se<span class=\"_ _2\"></span>t additional requireme<span class=\"_ _2\"></span>nts. Compliance asse<span class=\"_ _2\"></span>sses the</div>\n<div class=\"t m0 x6c h4f yeae ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">possible im<span class=\"_ _2\"></span>pact of any change<span class=\"_ _2\"></span>s in the legal<span class=\"_ _2\"></span> environment on the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x6c h4f yeaf ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operations of t<span class=\"_ _2\"></span>he undertaking concerned and<span class=\"_ _2\"></span> identifies any</div>\n<div class=\"t m0 x6c h4f yeb0 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compliance ri<span class=\"_ _2\"></span>sk<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yeb1 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsfa\">a Chief Inform<span class=\"_ _2b\"></span>ation Security<span class=\"_ _0\"></span> Offic<span class=\"_ _0\"></span>er (CISO)<span class=\"_ _0\"></span> support<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>loc<span class=\"_ _0\"></span>al Senior </span></span></div>\n<div class=\"t m0 x6c h4f yeb2 ff130 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Management<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yeb3 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsf0\">a <span class=\"_ _2\"></span>Dat<span class=\"_ _2b\"></span>a Protection Offic<span class=\"_ _0\"></span>er (DPO<span class=\"_ _0\"></span>) that report<span class=\"_ _0\"></span>s to the high<span class=\"_ _0\"></span>est local </span></span></div>\n<div class=\"t m0 x6c h4f yeb4 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">manage<span class=\"_ _0\"></span>ment leve<span class=\"_ _0\"></span>l and is conta<span class=\"_ _0\"></span>ct person f<span class=\"_ _0\"></span>or the local D<span class=\"_ _2b\"></span>PA<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yeb5 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse2 wsfa\">a<span class=\"_ _2\"></span>n Internal Audit <span class=\"_ _2\"></span>Function assessing <span class=\"_ _2\"></span>the adequacy and </span></span></div>\n<div class=\"t m0 x6c h4f yeb6 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>veness of t<span class=\"_ _0\"></span>he intern<span class=\"_ _0\"></span>al contr<span class=\"_ _0\"></span>ol system an<span class=\"_ _0\"></span>d other elem<span class=\"_ _0\"></span>ents of</div>\n<div class=\"t m0 x6c h4f yeb7 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the risk governa<span class=\"_ _2\"></span>nce system. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 519px; height: 587px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 519px; height: 587px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff134 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.3.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsf0\">Three Lines of Def<span class=\"_ _0\"></span>ence<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas has im<span class=\"_ _2b\"></span>plemented a 3 lines of<span class=\"_ _0\"></span> defenc<span class=\"_ _0\"></span>e model <span class=\"ls0 ws0\">- </span><span class=\"wsfa\">the thre<span class=\"_ _0\"></span>e lines s<span class=\"_ _2b\"></span>hare the ultim<span class=\"_ _2b\"></span>ate aim of helpi<span class=\"_ _0\"></span>ng the o<span class=\"_ _0\"></span>rganis<span class=\"_ _0\"></span>ation t<span class=\"_ _0\"></span>o achieve <span class=\"_ _2b\"></span>its objectives<span class=\"_ _0\"></span> whil<span class=\"wsef\">e </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff134 fs3a fc1e sc0 lse1 ws11d\" style=\"z-index: 15;\">effectively managing risk. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x243 h8e yf4a ff141 fs59 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">FIRST LINE OF DEFENCE</div>\n<div class=\"t m0 x12 h8f yf4b ff141 fs5a fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">(Business Owner)</div>\n<div class=\"t m0 x49 h8c yf28 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Implements the enterprise risk management framework  </div>\n<div class=\"t m0 x49 h8c yf29 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Embeds an appropriate risk culture</div>\n<div class=\"t m0 x49 h8c yf2a ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Identifies, owns, measures and manages risks in the</div>\n<div class=\"t m0 x49 h8c yf2b ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">business, ensuring Ageas does not suffer from</div>\n<div class=\"t m0 x49 h8c yf2c ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">unexpected events</div>\n<div class=\"t m0 x49 h8c yf2d ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Implements policies and controls to manage risks (in</div>\n<div class=\"t m0 x49 h8c yf2e ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">line with Group requirements and risk appetite) and</div>\n<div class=\"t m0 x49 h8c yf2f ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">ensure that these are operating effectively on a day to</div>\n<div class=\"t m0 x49 h8c yf30 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">day basis</div>\n<div class=\"t m0 x49 h8c yf31 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Identifies and implements actions to manage existing</div>\n<div class=\"t m0 x49 h8c yf32 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">and emerging risks</div>\n<div class=\"t m0 x49 h8c yf33 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Reports on risk management including analysing</div>\n<div class=\"t m0 x49 h8c yf34 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">whether key business objectives are likely to be</div>\n<div class=\"t m0 x49 h8c yf35 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">achieved</div>\n<div class=\"t m0 x49 h8c yf36 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Demonstrate to the Board of Directors and Regulator</div>\n<div class=\"t m0 x49 h8c yf37 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">that risk controls are adequate and effective</div>\n<div class=\"t m0 x49 h8c yf38 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Operating in line with regulations</div>\n<div class=\"t m0 x256 h8e yf4c ff141 fs59 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">SECOND LINE OF DEFENCE</div>\n<div class=\"t m0 x9c h8f yf4d ff141 fs5a fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">(Risk Management, Compliance, DPO, CISO and Actuarial Functions)</div>\n<div class=\"t m0 x33 h8c yf28 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Advises Senior Management and the Board of Directors</div>\n<div class=\"t m0 x33 h8c yf3b ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">on the setting of high level strategies and risk appetite</div>\n<div class=\"t m0 x33 h8c yf3c ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">aggregation</div>\n<div class=\"t m0 x33 h8c yf3d ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Establishes and maintains the enterprise risk</div>\n<div class=\"t m0 x33 h8c yf3e ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">management framework</div>\n<div class=\"t m0 x33 h8c yf3f ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Facilitates, assesses and monitors the effective</div>\n<div class=\"t m0 x33 h8c yf40 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">operation of the risk management system</div>\n<div class=\"t m0 x33 h8c yf2f ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Provides risk education and training</div>\n<div class=\"t m0 x33 h8c yf41 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Acts as an independent risk advisor</div>\n<div class=\"t m0 x33 h8c yf42 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Oversight &amp; challenge of key risks and how they are</div>\n<div class=\"t m0 x33 h8c yf43 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">measured and managed</div>\n<div class=\"t m0 x33 h8c yf44 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Monitors adherence with risk appetite and policies</div>\n<div class=\"t m0 x33 h8c yf45 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Oversees effective use of risk processes and controls</div>\n<div class=\"t m0 x33 h8c yf46 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Monitors compliance with regulations and informs</div>\n<div class=\"t m0 x33 h8c yf47 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">business of requirements</div>\n<div class=\"t m0 x243 h8e yf48 ff141 fs59 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">THIRD LINE OF DEFENCE</div>\n<div class=\"t m0 x12 h8f yf49 ff141 fs5a fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">(Internal Audit)</div>\n<div class=\"t m0 x49 h8d yf39 ff140 fs58 fc16 sc0 ls0 ws0\" style=\"z-index: 15;\">Provides a reasonable level of independent assurance to Senior Management and Board of Directors on the adequacy</div>\n<div class=\"t m0 x49 h8d yf3a ff140 fs58 fc16 sc0 ls0 ws0\" style=\"z-index: 15;\">&amp; effectiveness of governance, risk management and controls</div>\n\n<div class=\"t m0 x7 h6a yeba ff136 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">4<span class=\"ls100 ws11a\">.4</span> </div>\n<div class=\"t m0 x7 h6a yebb ff136 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Capital Management Objectives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yebc ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Capital<span class=\"_ _0\"></span> is a sc<span class=\"_ _0\"></span>arce and st<span class=\"_ _2b\"></span>rategic resou<span class=\"_ _2b\"></span>rce, which requ<span class=\"_ _2b\"></span>ires a clearly</div>\n<div class=\"t m0 x7 h4f yebd ff134 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">defined, r<span class=\"_ _2\"></span>igorous and discipli<span class=\"_ _2\"></span>ned management approa<span class=\"_ _2\"></span>ch in order to</div>\n<div class=\"t m0 x7 h4f yebe ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">ensure ef<span class=\"_ _0\"></span>ficient a<span class=\"_ _0\"></span>nd <span class=\"lse2 wsfa\">effective depl<span class=\"_ _2\"></span>oyment. The Capital<span class=\"_ _2\"></span> Management </span></div>\n<div class=\"t m0 x7 h4f yebf ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">approac<span class=\"_ _0\"></span>h that Age<span class=\"_ _0\"></span>as follows a<span class=\"_ _0\"></span>ims to balan<span class=\"_ _0\"></span>ce the nee<span class=\"_ _0\"></span>ds and</div>\n<div class=\"t m0 x7 h4f yec0 ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ements of al<span class=\"_ _0\"></span>l stakeho<span class=\"_ _2b\"></span>lders includin<span class=\"_ _0\"></span>g shareho<span class=\"_ _0\"></span>lders, debt<span class=\"_ _0\"></span> investo<span class=\"_ _0\"></span>rs,</div>\n<div class=\"t m0 x7 h4f yec1 ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ors, ratin<span class=\"_ _2b\"></span>g agencies and cust<span class=\"_ _0\"></span>omers.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yec2 ff134 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yec3 ff134 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">The main objec<span class=\"_ _2\"></span>tives of capital manag<span class=\"lse0 wsf0\">ement at Ageas<span class=\"_ _0\"></span> are:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yec4 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsfa\">to optimise the <span class=\"_ _2b\"></span>capital struct<span class=\"_ _0\"></span>ure, c<span class=\"_ _0\"></span>omposit<span class=\"_ _0\"></span>ion and a<span class=\"_ _0\"></span>llocat<span class=\"_ _0\"></span>ion of </span></span></div>\n<div class=\"t m0 x43 h4f yec5 ff134 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">capital within<span class=\"_ _2\"></span> Ageas;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yec6 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">to ensure value cre<span class=\"_ _0\"></span>ation by fun<span class=\"_ _0\"></span>ding profit<span class=\"_ _2b\"></span>able growth, as we<span class=\"_ _0\"></span>ll as </span></span></div>\n<div class=\"t m0 x43 h4f yec7 ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">protect<span class=\"_ _0\"></span>ing the v<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> and pr<span class=\"_ _0\"></span>ofitabi<span class=\"_ _0\"></span>lity of<span class=\"_ _0\"></span> the bus<span class=\"_ _0\"></span>iness;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yec8 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">to ensure optimal d<span class=\"_ _0\"></span>ividend le<span class=\"_ _0\"></span>vels, bot<span class=\"_ _0\"></span>h for the Gro<span class=\"_ _0\"></span>up as well as its<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x43 h4f yec9 ff134 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">subsidiaries.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yeca ff134 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.4.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 ws103\">Cap<span class=\"_ _2\"></span>ital Management Framework</span> </span></div>\n<div class=\"t m0 x7 h4f yecb ff134 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">obj<span class=\"_ _0\"></span>ectives<span class=\"_ _0\"></span> with res<span class=\"_ _0\"></span>pect to c<span class=\"_ _2b\"></span>apital manag<span class=\"_ _0\"></span>ement ar<span class=\"_ _0\"></span>e to be </span></span></div>\n<div class=\"t m0 x7 h4f yecc ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">achieve<span class=\"_ _2b\"></span>d by adhering t<span class=\"_ _0\"></span>o clear<span class=\"_ _0\"></span>ly define<span class=\"_ _2b\"></span>d processes. Th<span class=\"_ _2b\"></span>ese are gover<span class=\"_ _0\"></span>ned</div>\n<div class=\"t m0 x7 h4f yecd ff134 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">by clearly defi<span class=\"_ _2\"></span>ned policies<span class=\"ls0 ws0\"> </span>and proced<span class=\"_ _2\"></span>ures to ensure that capital<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yece ff134 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">management prac<span class=\"_ _2\"></span>tices throughout the Group and<span class=\"_ _2\"></span> the OpCos are</div>\n<div class=\"t m0 x1a h4f yecf ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">underst<span class=\"_ _2b\"></span>ood, documente<span class=\"_ _0\"></span>d and monito<span class=\"_ _0\"></span>red (wit<span class=\"_ _0\"></span>h correct<span class=\"_ _0\"></span>ive actio<span class=\"_ _0\"></span>ns taken if</div>\n<div class=\"t m0 x1a h4f yed0 ff134 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">necess<span class=\"_ _0\"></span>ary).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yed1 ff134 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yed2 ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">The Capit<span class=\"_ _0\"></span>al Manag<span class=\"_ _0\"></span>ement Fram<span class=\"_ _2b\"></span>ework at Ageas defi<span class=\"_ _2b\"></span>nes rules and</div>\n<div class=\"t m0 x1a h4f yed3 ff134 fs3a fc1e sc0 ls102 ws129\" style=\"z-index: 15;\">principle<span class=\"_ _2\"></span>s in<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">respect of the f<span class=\"_ _2\"></span>ollowing:</span> </span></div>\n<div class=\"t m0 x1a h4f yed4 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">Capital plannin<span class=\"_ _0\"></span>g, i.e. def<span class=\"_ _2b\"></span>ining the capital l<span class=\"_ _0\"></span>evel the Gro<span class=\"_ _0\"></span>up wants to </span></span></div>\n<div class=\"t m0 x6c h4f yed5 ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">hold, wh<span class=\"_ _2b\"></span>ich is a functi<span class=\"_ _2b\"></span>on of:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yed6 ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse2 wsfa\">Legal requiremen<span class=\"_ _2\"></span>ts and anticipated<span class=\"_ _2\"></span> changes</span><span class=\"ff134\">; </span></span></div>\n<div class=\"t m0 x6c h4f yed7 ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse2 ws103\">Regulatory requirem<span class=\"_ _2\"></span>ents and anticipated changes</span><span class=\"ff134\">;<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x6c h4f yed8 ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse0 wsfa\">Growt<span class=\"_ _2b\"></span>h ambitions and f<span class=\"_ _2b\"></span>uture capita<span class=\"_ _0\"></span>l commit<span class=\"_ _0\"></span>ments<span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x6c h4f yed9 ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134\">T<span class=\"lse0 wsf0\">he Risk Appet<span class=\"_ _2b\"></span>ite Policy<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yeda ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">Capital allocat<span class=\"_ _2b\"></span>ion, i.e. determi<span class=\"_ _2b\"></span>ning the capital use t<span class=\"_ _0\"></span>hat Ageas </span></span></div>\n<div class=\"t m0 x6c h4f yedb ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">forese<span class=\"_ _0\"></span>es, whic<span class=\"_ _0\"></span>h is a f<span class=\"_ _0\"></span>unction of<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yedc ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse0 wsf0\">Optim<span class=\"_ _0\"></span>isation of<span class=\"_ _0\"></span> risk rew<span class=\"_ _0\"></span>ard<span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x6c h4f yedd ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse2 ws103\">The Dividen<span class=\"lse0 wsfa\">d Policy (<span class=\"_ _0\"></span>and futur<span class=\"_ _2b\"></span>e capital raisi<span class=\"_ _2b\"></span>ng)<span class=\"ls0 ws0\">; </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yede ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse2 ws103\">C<span class=\"_ _2\"></span>apital structuring, i.e<span class=\"_ _2\"></span>. mainta<span class=\"lse0 wsf0\">ining an<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>effic<span class=\"_ _0\"></span>ient bala<span class=\"_ _2b\"></span>nce between </span></span></span></div>\n<div class=\"t m0 x6c h4f yedf ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">equity an<span class=\"_ _0\"></span>d debt; <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yee0 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">Capital Manage<span class=\"_ _0\"></span>ment gove<span class=\"_ _0\"></span>rnance,<span class=\"_ _0\"></span> i.e. settin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>cl<span class=\"_ _0\"></span>ear roles an<span class=\"_ _0\"></span>d </span></span></div>\n<div class=\"t m0 x6c h4f yee1 ff134 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">responsibili<span class=\"_ _2\"></span>ties on people and<span class=\"_ _2\"></span> decisional bodies<span class=\"_ _2\"></span> involved in Capi<span class=\"_ _2\"></span>tal</div>\n<div class=\"t m0 x6c h4f yee2 ff134 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Management Pro<span class=\"_ _2\"></span>cesses.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 189px; height: 351px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 189px; height: 917px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 189px; height: 917px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff13c fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">4.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff13c fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Assessing <span class=\"_ _2\"></span>Solven<span class=\"ls101 ws11b\">cy &amp; Capital<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79e ff13a fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.5.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsfa\">Mea<span class=\"_ _2\"></span>suring capital adequ<span class=\"_ _2\"></span>acy</span> </span></div>\n<div class=\"t m0 x7 h4f y79f ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Under Sol<span class=\"_ _0\"></span>vency II,<span class=\"_ _0\"></span> Ageas uses a P<span class=\"_ _2b\"></span>artial Internal M<span class=\"_ _0\"></span>odel (PIM) t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x7 h4f y7a0 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">measure it<span class=\"_ _0\"></span>s Solv<span class=\"lse2 wsfa\">ency Capital Requiremen<span class=\"_ _2\"></span>t under P<span class=\"ls102 ws129\">illar 1. </span>T<span class=\"_ _2\"></span>he PIM </span></div>\n<div class=\"t m0 x7 h4f y7a1 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">combines<span class=\"_ _0\"></span> the Solven<span class=\"_ _2b\"></span>cy II Standard For<span class=\"_ _0\"></span>mula wit<span class=\"_ _0\"></span>h the Intern<span class=\"_ _0\"></span>al Model for</div>\n<div class=\"t m0 x7 h4f ya7f ff13a fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life Underwri<span class=\"_ _2b\"></span>ting Risk for the mai<span class=\"_ _0\"></span>n entities e<span class=\"_ _2b\"></span>ngaging in Non<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">life </span></span></span></span></div>\n<div class=\"t m0 x7 h4f ya80 ff13a fs3a fc1e sc0 lse1 wsf0\" style=\"z-index: 15;\">business. <span class=\"lse2 wsfa\">Ageas suppl<span class=\"_ _2\"></span>ements the<span class=\"ls0 ws0\"> <span class=\"ls102 ws129\">Pilla<span class=\"_ _2\"></span>r I</span> </span><span class=\"lse0\">PIM wit<span class=\"_ _2b\"></span>h its own inter<span class=\"_ _0\"></span>nal view </span></span></div>\n<div class=\"t m0 x7 h4f ya81 ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">to meas<span class=\"_ _0\"></span>ure its S<span class=\"_ _0\"></span>olvency C<span class=\"_ _2b\"></span>apital Requ<span class=\"wsf0\">i<span class=\"_ _0\"></span>rements<span class=\"_ _0\"></span> (called SC<span class=\"_ _0\"></span>R</span></div>\n<div class=\"t m0 x3a h64 yee4 ff13a fs41 fc1e sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 x1e0 h4f yee5 ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">) under</div>\n<div class=\"t m0 x7 h4f yee6 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">P<span class=\"lse0 wsf0\">illar 2. On top of t<span class=\"_ _0\"></span>he Partia<span class=\"_ _0\"></span>l Interna<span class=\"_ _0\"></span>l Model Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws121\">li<span class=\"_ _2\"></span>fe, the S<span class=\"_ _2\"></span>CR</span></span></span></div>\n<div class=\"t m0 x119 h64 yee7 ff13a fs41 fc1e sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 x215 h4f yee8 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yee9 ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">enhanc<span class=\"_ _0\"></span>es the <span class=\"ls0 ws0\">S<span class=\"lse2 wsf1\">tandard </span>F</span><span class=\"wsef\">ormula </span>with the<span class=\"_ _0\"></span> follow<span class=\"_ _0\"></span>ing elem<span class=\"_ _2b\"></span>ents:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yeea ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsfa\">Reviewed spre<span class=\"_ _2b\"></span>ad risk treatme<span class=\"_ _0\"></span>nt;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yeeb ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse2 wsfa\">In<span class=\"_ _2\"></span>clusion of fundam<span class=\"_ _2\"></span>ental spread for E<span class=\"_ _2\"></span>U sovereign (&amp;</span><span class=\"ff13a\"> <span class=\"lse2 wsf1\">eq<span class=\"_ _2\"></span>uivalent<span class=\"lse0 wsef\">) </span></span></span></span></div>\n<div class=\"t m0 x43 h4f yeec ff13a fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">exposures;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yeed ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse2 wsfa\">E<span class=\"_ _2\"></span>xclusion of non</span><span class=\"ff13a\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fund<span class=\"_ _0\"></span>amental<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>spr<span class=\"_ _0\"></span>ead on other d<span class=\"_ _0\"></span>ebt;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yeee ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsf0\">Internal model fo<span class=\"_ _2b\"></span>r Real Estate<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yeef ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsfa\">Inflation risk<span class=\"_ _0\"></span> charg<span class=\"_ _0\"></span>e for Wor<span class=\"_ _0\"></span>ker\u2019s C<span class=\"_ _0\"></span>ompens<span class=\"_ _0\"></span>ation<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yef0 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse2 wsfa\">E<span class=\"_ _2\"></span>xclusion of transi<span class=\"_ _2\"></span>tional measures.</span><span class=\"ff13a\"> </span></span></div>\n<div class=\"t m0 x7 h4f yef1 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yef2 ff13a fs3a fc1e sc0 lsfa ws136\" style=\"z-index: 15;\">This S<span class=\"_ _2\"></span>CR</div>\n<div class=\"t m0 x4f h64 yef3 ff13a fs41 fc1e sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 x243 h4f yef4 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse2 ws103\">is then<span class=\"_ _2\"></span> compared with qualifying own<span class=\"_ _2\"></span> funds to determine </span></div>\n<div class=\"t m0 x7 h4f yef5 ff13a fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">the Group\u2019s ove<span class=\"_ _2\"></span>rall capital adequacy,<span class=\"_ _2\"></span> providing the Solvency II</div>\n<div class=\"t m0 x24d h64 yef6 ff13a fs41 fc1e sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 xc h4f yef7 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse0 wsef\">ratio.</span> </div>\n<div class=\"t m0 x7 h4f yef8 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yef9 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">For more inf<span class=\"_ _2b\"></span>ormation on Solve<span class=\"_ _2b\"></span>ncy II, please see als<span class=\"_ _0\"></span>o note <span class=\"ls0 ws0\">5 <span class=\"lse2 wsf1\">Regulator<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x7 h4f yefa ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">supervision an<span class=\"_ _2\"></span>d solvency.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yefb ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yefc ff13a fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">Overall capital<span class=\"_ _2\"></span> adequacy is verified on<span class=\"_ _2\"></span> a Group<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">wide basis,<span class=\"_ _2\"></span> quarterly </span></div>\n<div class=\"t m0 x7 h4f yefd ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">and annuall<span class=\"_ _2\"></span>y:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yefe ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse2 ws103\">T<span class=\"_ _2\"></span>hrough a quarterly Solven<span class=\"_ _2\"></span>cy and Capital report, Ageas\u2019s Boa<span class=\"_ _2\"></span>rd of </span></span></div>\n<div class=\"t m0 x43 h4f yeff ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Directo<span class=\"_ _0\"></span>rs ensures<span class=\"_ _0\"></span> that capit<span class=\"_ _0\"></span>al adequa<span class=\"_ _2b\"></span>cy continues to be met o<span class=\"_ _0\"></span>n a</div>\n<div class=\"t m0 x43 h4f yf00 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">current<span class=\"_ _0\"></span> basis;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yf01 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsf0\">Ageas\u2019s Board als<span class=\"_ _2b\"></span>o <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>actively<span class=\"_ _0\"></span> assesses<span class=\"_ _0\"></span> and steers<span class=\"_ _0\"></span> the Grou<span class=\"_ _0\"></span>p\u2019s </span></span></div>\n<div class=\"t m0 x43 h4f yf02 ff13a fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">capital adequa<span class=\"_ _2\"></span>cy on a multi<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">year basis,<span class=\"_ _0\"></span> taking into ac<span class=\"_ _2b\"></span>count strategy </span></span></div>\n<div class=\"t m0 x43 h4f yf03 ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">and forecas<span class=\"_ _2\"></span>ted business and <span class=\"_ _2\"></span>risk assumptions. Th<span class=\"_ _2\"></span>is is done through<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x43 h4f yf04 ff13a fs3a fc1e sc0 lse1 ws11d\" style=\"z-index: 15;\">a process called Own Risk &amp; Solvency Assessment, which is</div>\n<div class=\"t m0 x43 h4f yf05 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">embedd<span class=\"_ _0\"></span>ed into Agea<span class=\"_ _0\"></span>s\u2019s multi<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">year budg<span class=\"_ _2b\"></span>eting and planning p<span class=\"_ _2b\"></span>rocess.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yf06 ff13a fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.5.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 ws103\">Ri<span class=\"_ _2\"></span>sk Appetite Framework</span> </span></div>\n<div class=\"t m0 x7 h4f yf07 ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">The Risk App<span class=\"_ _2\"></span>et<span class=\"lse0 wsf0\">ite Fr<span class=\"_ _0\"></span>amework c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>s of criteri<span class=\"_ _0\"></span>a which are us<span class=\"_ _2b\"></span>ed to </span></div>\n<div class=\"t m0 x7 h4f yf08 ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">formulat<span class=\"_ _2b\"></span>e the willingn<span class=\"_ _2b\"></span>ess of managem<span class=\"_ _2b\"></span>ent to take on r<span class=\"_ _0\"></span>isk in a s<span class=\"_ _0\"></span>pecif<span class=\"_ _0\"></span>ic</div>\n<div class=\"t m0 x7 h4f yf09 ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">area. Agea<span class=\"_ _2\"></span>s\u2019s Risk Appetite<span class=\"_ _2\"></span> Framework applies <span class=\"_ _2\"></span>to all <span class=\"wsf1\">OpCos<span class=\"ls0 ws0\"> </span></span>o<span class=\"_ _2\"></span>f Ageas</div>\n<div class=\"t m0 x1a h4f yf0a ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">(define<span class=\"_ _0\"></span>d as ent<span class=\"_ _0\"></span>ities of w<span class=\"_ _2b\"></span>hich Ageas, di<span class=\"_ _0\"></span>rectly o<span class=\"_ _0\"></span>r indir<span class=\"_ _0\"></span>ectly is<span class=\"_ _0\"></span> a</div>\n<div class=\"t m0 x1a h4f yf0b ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>older, and h<span class=\"_ _0\"></span>olds oper<span class=\"_ _0\"></span>ational<span class=\"_ _0\"></span> control),<span class=\"_ _0\"></span> and on a best eff<span class=\"_ _2b\"></span>ort basis to</div>\n<div class=\"t m0 x1a h4f yf0c ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">affiliat<span class=\"_ _2b\"></span>es (defined as entit<span class=\"_ _2b\"></span>ies of which Ageas, d<span class=\"_ _0\"></span>irectly or i<span class=\"_ _2b\"></span>ndirectly is a</div>\n<div class=\"t m0 x1a h4f yf0d ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">shareholder<span class=\"_ _2\"></span>, but does not ho<span class=\"_ _2\"></span>ld operational con<span class=\"_ _2\"></span>trol).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf0e ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yf0f ff13a fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">The main objec<span class=\"_ _2\"></span>tives of the risk appetite framewo<span class=\"_ _2\"></span>rk are to ensure that: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf10 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsf0\">The exposure to a num<span class=\"_ _0\"></span>ber of key ris<span class=\"_ _0\"></span>ks of each Op<span class=\"_ _0\"></span>Co and the Gr<span class=\"_ _0\"></span>oup </span></span></div>\n<div class=\"t m0 x6c h4f yf11 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">as a whole rem<span class=\"_ _2b\"></span>ain within known, ac<span class=\"_ _0\"></span>ceptab<span class=\"_ _2b\"></span>le and controlled l<span class=\"_ _0\"></span>evels;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf12 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsf0\">Risk Appetite crit<span class=\"_ _2b\"></span>eria are clearly d<span class=\"_ _0\"></span>efined,<span class=\"_ _0\"></span> so that actua<span class=\"_ _0\"></span>l expos<span class=\"_ _0\"></span>ures </span></span></div>\n<div class=\"t m0 x6c h4f yf13 ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">and acti<span class=\"_ _0\"></span>vities c<span class=\"_ _2b\"></span>an be compared t<span class=\"_ _2b\"></span>o t<span class=\"wsf0\">he criteria agr<span class=\"_ _0\"></span>eed at Boar<span class=\"_ _0\"></span>d level, </span></div>\n<div class=\"t m0 x6c h4f yf14 ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">allowing moni<span class=\"_ _2\"></span>toring and posi<span class=\"_ _2\"></span>tive confirmation <span class=\"_ _2\"></span>that risks are</div>\n<div class=\"t m0 x6c h4f yf15 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>lled and that t<span class=\"_ _0\"></span>he Board is ab<span class=\"_ _0\"></span>le and wil<span class=\"_ _0\"></span>ling to acce<span class=\"_ _2b\"></span>pt these</div>\n<div class=\"t m0 x6c h4f yf16 ff13a fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">exposures;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf17 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsf0\">Risks limits are li<span class=\"_ _0\"></span>nked to the act<span class=\"_ _0\"></span>ual risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">taking capacity of an OpCo<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x6c h4f yf18 ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">and Grou<span class=\"_ _0\"></span>p in a tra<span class=\"_ _2b\"></span>nsparent and st<span class=\"_ _2b\"></span>raightforwar<span class=\"_ _2b\"></span>d way.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf19 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yf1a ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Due to t<span class=\"_ _0\"></span>heir imp<span class=\"_ _0\"></span>ortance f<span class=\"_ _2b\"></span>or the contin<span class=\"_ _0\"></span>ued oper<span class=\"_ _2b\"></span>ation of Ageas, <span class=\"_ _0\"></span>and its</div>\n<div class=\"t m0 x1a h4f yf1b ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">ability t<span class=\"_ _2b\"></span>o adhere to its c<span class=\"_ _2b\"></span>ommitments t<span class=\"_ _0\"></span>o its st<span class=\"_ _0\"></span>akehold<span class=\"_ _0\"></span>ers, the <span class=\"_ _0\"></span>follow<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f yf1c ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">criteri<span class=\"_ _0\"></span>a are <span class=\"lse1\">set<span class=\"lsf4 ws10c\">: <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yf1d ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yf1e ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse2 wsf1\">So<span class=\"_ _2\"></span>lvency</span><span class=\"ff13a\"> </span></span></div>\n<div class=\"t m0 x6c h4f yf1f ff13f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff13e\"> <span class=\"_ _a\"> </span><span class=\"ff13a lsfb wsfa\">Risk <span class=\"lse0 wsf0\">Consumption (R<span class=\"_ _2b\"></span>C<span class=\"lse2 ws103\">, bei<span class=\"_ _2\"></span>ng the level of buffer capi<span class=\"_ _2\"></span>tal </span></span></span></span></div>\n<div class=\"t m0 x1e6 h4f yf20 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">consum<span class=\"_ _0\"></span>ed by the curr<span class=\"_ _0\"></span>ent risk prof<span class=\"_ _2b\"></span>ile, consistent w<span class=\"_ _0\"></span>ith a 1 in 30</div>\n<div class=\"t m0 x1e6 h4f yf21 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">year loss<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">remains belo<span class=\"_ _2\"></span>w the Risk Appetite (RA) budge<span class=\"_ _2\"></span>t, set at </span></span></div>\n<div class=\"t m0 x1e6 h4f yf22 ff13a fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">40% of Own Funds, ne<span class=\"_ _2\"></span>t of expected dividends.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yf23 ff13f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff13e\"> <span class=\"_ _a\"> </span><span class=\"ff13a lse0 wsf0\">Capit<span class=\"_ _0\"></span>al Consum<span class=\"_ _2b\"></span>ption (CC) remai<span class=\"_ _2b\"></span>ns <span class=\"lse2 ws103\">be<span class=\"_ _2\"></span>low the Target Capital<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1e6 h4f yf24 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">(TC), set at 1<span class=\"_ _2b\"></span>75% of SCR</div>\n<div class=\"t m0 x101 h64 yf25 ff13a fs41 fc1e sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 xfa h4f yad7 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">.</div>\n<div class=\"t m0 x1a h4f yad8 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yad9 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse2 wsf1\">Ea<span class=\"_ _2\"></span>rnings</span><span class=\"ff13a\"> </span></span></div>\n<div class=\"t m0 x6c h4f yada ff13f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff13e\"> <span class=\"_ _a\"> </span><span class=\"ff13a lse0 wsfa\">The de<span class=\"_ _0\"></span>viatio<span class=\"_ _0\"></span>n from y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">end budg<span class=\"_ _0\"></span>eted IFR<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>earn<span class=\"_ _0\"></span>ings due to a </span></span></span></div>\n<div class=\"t m0 x1e6 h4f yadb ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">combine<span class=\"_ _2b\"></span>d 1/10 financia<span class=\"_ _2b\"></span>l loss event is l<span class=\"_ _2b\"></span>imited to 100%. <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yadc ff13f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff13e\"> <span class=\"_ _a\"> </span><span class=\"ff13a lse2 ws103\">With the following earl<span class=\"_ _2\"></span>y warning mechanism: The devia<span class=\"_ _2\"></span>tion </span></span></div>\n<div class=\"t m0 x1e6 h4f yadd ff13a fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">from year end forec<span class=\"_ _2\"></span>asted IFRS earnings (or budg<span class=\"_ _2\"></span>eted IFRS</div>\n<div class=\"t m0 x1e6 h4f yade ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">earnin<span class=\"_ _0\"></span>gs shoul<span class=\"_ _0\"></span>d the f<span class=\"_ _0\"></span>orecast <span class=\"_ _0\"></span>be lowe<span class=\"_ _0\"></span>r than th<span class=\"_ _2b\"></span>e budget) due to <span class=\"_ _2b\"></span>a</div>\n<div class=\"t m0 x1e6 h4f yadf ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">combine<span class=\"_ _2b\"></span>d 1/10 financia<span class=\"_ _2b\"></span>l loss event is l<span class=\"_ _2b\"></span>imited to 100%. <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yae0 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yae1 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a ls102 ws11d\">L<span class=\"_ _2\"></span>iquidity </span><span class=\"ff13a\"> </span></span></div>\n<div class=\"t m0 x6c h4f yae2 ff13f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff13e\"> <span class=\"_ _a\"> </span><span class=\"ff13a lse0 wsf0\">The bas<span class=\"_ _0\"></span>e liquid<span class=\"_ _0\"></span>ity ratio is<span class=\"_ _0\"></span> at least 100<span class=\"_ _0\"></span>%.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x6c h4f yae3 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">- <span class=\"_ _1ae\"> </span><span class=\"lse2 wsfa\">The str<span class=\"_ _2\"></span>essed liquidity ra<span class=\"_ _2\"></span>tio is at lea<span class=\"lse1 ws11d\">st 1<span class=\"_ _2\"></span>00%.</span></span> </div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 456px; height: 650px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 456px; height: 650px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff145 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">4.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff145 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Risk <span class=\"ls0 ws0\">T<span class=\"_ _2\"></span><span class=\"ls10f ws132\">axono<span class=\"_ _0\"></span>my<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y79e ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">In order to e<span class=\"_ _0\"></span>nsure a cons<span class=\"_ _0\"></span>istent an<span class=\"_ _0\"></span>d compreh<span class=\"_ _0\"></span>ensive a<span class=\"_ _0\"></span>pproach to ri<span class=\"_ _0\"></span>sk identif<span class=\"_ _2b\"></span>ication, Ageas<span class=\"_ _0\"></span> has define<span class=\"_ _0\"></span>d a<span class=\"ls0 ws0\"> R</span><span class=\"lse1\">isk <span class=\"ls0 ws0\">T<span class=\"_ _2\"></span><span class=\"lse2 ws103\">axonomy encompassing the k<span class=\"_ _2\"></span>ey risks that </span></span></span></div>\n<div class=\"t m0 x7 h4f y79f ff143 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">can impac<span class=\"_ _2b\"></span>t the Group. T<span class=\"_ _0\"></span>he <span class=\"ls0 ws0\">R<span class=\"lse1 wsf0\">isk </span>T</span>axonomy (bel<span class=\"_ _2b\"></span>ow) is aligned w<span class=\"_ _0\"></span>ith Solv<span class=\"_ _2b\"></span>ency II risk c<span class=\"_ _0\"></span>ategori<span class=\"_ _0\"></span>es, whic<span class=\"_ _2b\"></span>h facilitates t<span class=\"_ _0\"></span>he alig<span class=\"_ _0\"></span>nment of<span class=\"_ _0\"></span> inter<span class=\"_ _0\"></span>nal and ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x7 h4f y7a0 ff143 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">reporting. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24f h91 yf78 ff14c fs5c fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">TOTAL RISK</div>\n<div class=\"t mb xd6 h91 yf79 ff14c fs5c fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">RISK TAXONOMY</div>\n<div class=\"t mc x1 h92 yf7a ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">FINANCIAL</div>\n<div class=\"t mc x60 h92 yf7b ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">RISKS</div>\n<div class=\"t m0 x258 h93 yf7e ff14d fs5d fc25 sc0 ls0 ws0\" style=\"z-index: 15;\">Market risk</div>\n<div class=\"t m0 x258 h93 yf7f ff14d fs5d fc25 sc0 ls0 ws0\" style=\"z-index: 15;\">Default risk</div>\n<div class=\"t m0 x79 h93 yf80 ff14d fs5d fc25 sc0 ls0 ws0\" style=\"z-index: 15;\">Liquidity risk</div>\n<div class=\"t m0 x78 h93 yf81 ff14d fs5d fc25 sc0 ls0 ws0\" style=\"z-index: 15;\">(assets &amp; liabilities)</div>\n<div class=\"t m0 xb8 h93 yf82 ff14d fs5d fc25 sc0 ls0 ws0\" style=\"z-index: 15;\">Intangible assets risk</div>\n<div class=\"t mc xcc h92 yf7a ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">INSURANCE</div>\n<div class=\"t mc x158 h92 yf7b ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">RISKS</div>\n<div class=\"t m0 xef h93 yf9e ff14d fs5d fc27 sc0 ls0 ws0\" style=\"z-index: 15;\">Life risk</div>\n<div class=\"t m0 x108 h93 yf9f ff14d fs5d fc27 sc0 ls0 ws0\" style=\"z-index: 15;\">Non-life risk</div>\n<div class=\"t m0 xfe h93 yfa0 ff14d fs5d fc27 sc0 ls0 ws0\" style=\"z-index: 15;\">Health risk</div>\n<div class=\"t mc x131 h92 yf7a ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">OPERATIONAL</div>\n<div class=\"t mc x241 h92 yf7b ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">RISKS</div>\n<div class=\"t m0 x222 h93 yf7e ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Employment practices &amp;</div>\n<div class=\"t m0 x7c h93 yf83 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">workplace safety</div>\n<div class=\"t m0 x6a h93 yf84 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Execution, delivery &amp;</div>\n<div class=\"t m0 x6a h93 yf85 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">process management</div>\n<div class=\"t m0 x1e6 h93 yf86 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Technology</div>\n<div class=\"t m0 xe2 h93 yf87 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Internal fraud</div>\n<div class=\"t m0 x10f h93 yf88 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">External fraud</div>\n<div class=\"t m0 x8e h93 yf89 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Damage to physical assets</div>\n<div class=\"t m0 x7b h93 yf8a ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">(incl. physical security)</div>\n<div class=\"t m0 x24b h93 yf8b ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Clients, products, business</div>\n<div class=\"t m0 x259 h93 yf8c ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">&amp; legal practices</div>\n<div class=\"t m0 xcd h93 yf8d ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Conduct</div>\n<div class=\"t m0 x7b h93 yf8e ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Regulatory compliance</div>\n<div class=\"t m0 x1e6 h93 yf8f ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Third party</div>\n<div class=\"t m0 x25a h93 yf90 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Statutory reporting,</div>\n<div class=\"t m0 x7d h93 yf91 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">disclosure &amp; tax</div>\n<div class=\"t m0 x6e h93 yf92 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Business continuity,</div>\n<div class=\"t m0 x6e h93 yf93 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">crisis management &amp;</div>\n<div class=\"t m0 x6b h93 yf94 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\"> operational resilience</div>\n<div class=\"t m0 x1ee h93 yf95 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Data management</div>\n<div class=\"t m0 x6e h93 yf96 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Information Security</div>\n<div class=\"t m0 x1e6 h93 yf97 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">(incl. cyber)</div>\n<div class=\"t m0 x241 h93 yf98 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Model</div>\n<div class=\"t mc x97 h92 yf7c ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">STRATEGIC &amp;</div>\n<div class=\"t mc x257 h92 yf7d ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">BUSINESS RISKS</div>\n<div class=\"t m0 x97 h93 yf99 ff14d fs5d fc26 sc0 ls0 ws0\" style=\"z-index: 15;\">Strategic risk</div>\n<div class=\"t m0 xa0 h93 yf9a ff14d fs5d fc26 sc0 ls0 ws0\" style=\"z-index: 15;\">Change risk</div>\n<div class=\"t m0 xfb h93 yf9b ff14d fs5d fc26 sc0 ls0 ws0\" style=\"z-index: 15;\">Industry risk</div>\n<div class=\"t m0 x97 h93 yf9c ff14d fs5d fc26 sc0 ls0 ws0\" style=\"z-index: 15;\">Systemic risk</div>\n<div class=\"t m0 x9f h93 yf9d ff14d fs5d fc26 sc0 ls0 ws0\" style=\"z-index: 15;\">Sustainability risk</div>\n<div class=\"t m0 x7 h4f yf51 ff143 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">The Taxonomy was up<span class=\"_ _2\"></span>dated<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in 2020 to exp<span class=\"_ _0\"></span>licitly in<span class=\"_ _0\"></span>clude Sus<span class=\"_ _0\"></span>tainab<span class=\"_ _0\"></span>ility </span></span></div>\n<div class=\"t m0 x7 h4f yf52 ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Risk, tha<span class=\"_ _2\"></span>t itself includes<span class=\"_ _2\"></span> environmental risk an<span class=\"_ _2\"></span>d climate change,<span class=\"_ _2\"></span> as part</div>\n<div class=\"t m0 x7 h4f yf53 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">of an updat<span class=\"_ _0\"></span>e to <span class=\"lse2 wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span></span>Risk P<span class=\"_ _0\"></span>olicy, one of<span class=\"_ _0\"></span> the overarc<span class=\"_ _2b\"></span>hing policies</div>\n<div class=\"t m0 x7 h4f yf54 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">within o<span class=\"_ _0\"></span>ur suite of risk<span class=\"_ _0\"></span> policies<span class=\"_ _0\"></span>. Other ris<span class=\"_ _0\"></span>k police<span class=\"_ _0\"></span>s that have be<span class=\"_ _0\"></span>e<span class=\"wsef\">n </span></div>\n<div class=\"t m0 x7 h4f yf55 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">updated t<span class=\"_ _0\"></span>o incorp<span class=\"_ _0\"></span>orate ES<span class=\"_ _0\"></span>G consider<span class=\"_ _0\"></span>ations inc<span class=\"_ _0\"></span>lude the P<span class=\"_ _2b\"></span>roduct</div>\n<div class=\"t m0 x7 h4f yf56 ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Approval Po<span class=\"_ _2\"></span>licy, the Outsourci<span class=\"_ _2\"></span>ng Policy and the<span class=\"_ _2\"></span> Procurement Policy<span class=\"_ _2\"></span> and</div>\n<div class=\"t m0 x7 h4f yf57 ff143 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">a Respon<span class=\"_ _2b\"></span>sible Investm<span class=\"_ _2b\"></span>ent Framework<span class=\"_ _0\"></span> has bee<span class=\"_ _2b\"></span>n created. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yf58 ff143 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yf59 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">As part of our a<span class=\"_ _0\"></span>pproach t<span class=\"_ _0\"></span>o respons<span class=\"_ _0\"></span>ible insu<span class=\"_ _2b\"></span>rance we actively se<span class=\"_ _0\"></span>ek <span class=\"lsfc ws115\">to </span></div>\n<div class=\"t m0 x7 h4f yf5a ff143 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">provide transpare<span class=\"_ _2\"></span>nt product offerings<span class=\"_ _2\"></span> and services that evidence</div>\n<div class=\"t m0 x7 h4f yf5b ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">consideration<span class=\"_ _2\"></span> of ESG risk fa<span class=\"_ _2\"></span>ctors including chang<span class=\"_ _2\"></span>ing customer</div>\n<div class=\"t m0 x7 h4f yf5c ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">behaviours, p<span class=\"_ _2\"></span>romote economic in<span class=\"_ _2\"></span>clusion and encou<span class=\"_ _2\"></span>rage environmentally</div>\n<div class=\"t m0 x7 h4f yf5d ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">and social<span class=\"_ _2b\"></span>ly responsible be<span class=\"_ _2b\"></span>haviours by cust<span class=\"_ _0\"></span>omers. W<span class=\"_ _0\"></span>e also<span class=\"ls0 ws0\"> <span class=\"ls102 ws129\">seek to limi<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x7 h4f yf5e ff143 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">our net exposur<span class=\"_ _2\"></span>e to physical risks that may<span class=\"_ _2\"></span> occur should the Paris</div>\n<div class=\"t m0 x7 h4f yf5f ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Agreem<span class=\"_ _0\"></span>ent target<span class=\"_ _0\"></span> not be met. Th<span class=\"_ _0\"></span>rough res<span class=\"_ _0\"></span>ponsib<span class=\"_ _0\"></span>le inves<span class=\"_ _0\"></span>tment, we s<span class=\"_ _0\"></span>eek</div>\n<div class=\"t m0 x7 h4f yf60 ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">to manage p<span class=\"_ _2\"></span>otential vulnerabili<span class=\"_ _2\"></span>ties and take ad<span class=\"_ _2\"></span>vantage of opportunit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h4f yf61 ff143 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">arising f<span class=\"_ _2b\"></span>rom the transi<span class=\"_ _0\"></span>tion to <span class=\"_ _0\"></span>a <span class=\"lse2\">low carbon<span class=\"_ _2\"></span> economy.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yf62 ff143 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yf63 ff143 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ls102 ws11d\">pol<span class=\"_ _2\"></span>ic<span class=\"ls0 ws0\">i<span class=\"lse0 wsef\">es</span> </span></span><span class=\"wsfa\">require tha<span class=\"_ _2\"></span>t; processes and con<span class=\"_ _2\"></span>trols will continue<span class=\"_ _2\"></span> to be </span></div>\n<div class=\"t m0 x1a h4f yf64 ff143 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">updated <span class=\"_ _0\"></span>and ass<span class=\"_ _2b\"></span>urance provid<span class=\"_ _0\"></span>ed on the<span class=\"_ _0\"></span>ir desi<span class=\"_ _0\"></span>gn and eff<span class=\"_ _2b\"></span>ectiveness;</div>\n<div class=\"t m0 x1a h4f yf65 ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Products an<span class=\"_ _2\"></span>d services will con<span class=\"_ _2\"></span>tinue to be adju<span class=\"_ _2\"></span>sted<span class=\"ls0 ws0\"> </span>through formal<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yf66 ff143 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">governance s<span class=\"_ _2\"></span>tructure<span class=\"ls0 ws0\">s</span>, evidencing<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">env<span class=\"_ _0\"></span>ironme<span class=\"_ _0\"></span>ntal (not le<span class=\"_ _2b\"></span>ast climate </span></span></div>\n<div class=\"t m0 x1a h4f yf67 ff143 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">change<span class=\"ls0 ws0\">) <span class=\"_ _2\"></span><span class=\"lse0 wsef\">cons<span class=\"_ _0\"></span>iderat<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">s<span class=\"lse2 wsfa\">, and respondin<span class=\"_ _2\"></span>g to changing c<span class=\"_ _2\"></span>ustomer demands </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yf68 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">and needs;<span class=\"_ _0\"></span> Limits ar<span class=\"_ _0\"></span>e set and tar<span class=\"_ _0\"></span>gets evolv<span class=\"_ _2b\"></span>e; Third party man<span class=\"_ _0\"></span>agement</div>\n<div class=\"t m0 x1a h4f yf69 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">must inclu<span class=\"_ _2b\"></span>de appropriate ES<span class=\"_ _0\"></span>G consid<span class=\"_ _0\"></span>eration a<span class=\"_ _0\"></span>nd eviden<span class=\"_ _0\"></span>ce. On an</div>\n<div class=\"t m0 x1a h4f yf6a ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">annual bas<span class=\"_ _2\"></span>is, an exerc<span class=\"lse0 wsf0\">ise is perform<span class=\"_ _2b\"></span>ed to assess adhere<span class=\"_ _0\"></span>nce to all risk<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x1a h4f yf6b ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">policy re<span class=\"_ _0\"></span>quireme<span class=\"_ _2b\"></span>nts and action plans ar<span class=\"_ _2b\"></span>e drawn up for any gaps th<span class=\"_ _0\"></span>at are</div>\n<div class=\"t m0 x1a h4f yf6c ff143 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">identif<span class=\"_ _0\"></span>ied.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf6d ff143 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yf6e ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">The risk <span class=\"_ _2\"></span>in execution cycle<span class=\"_ _2\"></span> (depicted in the E<span class=\"_ _2\"></span>RM framework visual<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">\u2013 </span></div>\n<div class=\"t m0 x1a h4f yf6f ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">section 4.<span class=\"_ _2b\"></span>1) and the Risk T<span class=\"lse2 ws103\">axonomy are fundamen<span class=\"_ _2\"></span>tal to </span>our Key Ri<span class=\"_ _0\"></span>sk</div>\n<div class=\"t m0 x1a h4f yf70 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Reporti<span class=\"_ _2b\"></span>ng (KRR) and Emergi<span class=\"_ _0\"></span>ng Risk Re<span class=\"_ _0\"></span>porting (<span class=\"_ _0\"></span>ERR) proce<span class=\"_ _2b\"></span>sses.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 172px; height: 934px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 172px; height: 934px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff147 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.6.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 ws103\">Key<span class=\"_ _2\"></span> Risk Reporting (KRR)</span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff147 fs3a fc1e sc0 lse1 ws104\" style=\"z-index: 15;\">KRR consists of a systematic appro<span class=\"_ _0\"></span>ach to identify and mitigate key</div>\n<div class=\"t m0 x7 h4f y804 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">(existi<span class=\"_ _0\"></span>ng) risk<span class=\"_ _0\"></span>s that<span class=\"_ _0\"></span> threat<span class=\"_ _0\"></span>en the re<span class=\"_ _0\"></span>alisatio<span class=\"_ _2b\"></span>n of <span class=\"lse2 wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"ws103\">business and </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">strateg<span class=\"_ _0\"></span>ic objecti<span class=\"_ _2b\"></span>ves. The process c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>rs all types of r<span class=\"_ _0\"></span>isks in our ri<span class=\"_ _0\"></span>sk</div>\n<div class=\"t m0 x7 h4f y806 ff147 fs3a fc1e sc0 lse1 ws11d\" style=\"z-index: 15;\">taxonomy to identify key risks, analyses ri<span class=\"lse2 ws103\">sk causes and <span class=\"wsf1\">depl<span class=\"_ _2\"></span>oys </span></span></div>\n<div class=\"t m0 x7 h4f y807 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">appropri<span class=\"_ _2b\"></span>ate risk response s<span class=\"_ _0\"></span>trate<span class=\"_ _0\"></span>gies<span class=\"wsfa\">. Du<span class=\"_ _0\"></span>ring this <span class=\"_ _2b\"></span>process, ide<span class=\"_ _0\"></span>ntified r<span class=\"_ _2b\"></span>isks </span></div>\n<div class=\"t m0 x7 h4f y808 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">are asses<span class=\"_ _0\"></span>sed and man<span class=\"_ _0\"></span>aged usin<span class=\"_ _0\"></span>g <span class=\"lse2 wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span></span><span class=\"wsfa\">risk rating methodo<span class=\"_ _2\"></span>logy. </span></span></div>\n<div class=\"t m0 x7 h4f y809 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Likelih<span class=\"_ _0\"></span>ood and imp<span class=\"_ _0\"></span>act crite<span class=\"_ _0\"></span>ria (fina<span class=\"_ _0\"></span>ncial and no<span class=\"_ _2b\"></span>n<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>fina<span class=\"_ _0\"></span>ncial) a<span class=\"_ _0\"></span>re used to</div>\n<div class=\"t m0 x7 h4f y80a ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ne a level of <span class=\"lse2 ws103\">concern, whi<span class=\"_ _2\"></span>ch guides when actions need to be<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y80b ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">taken. Eac<span class=\"_ _2b\"></span>h region<span class=\"ls0 ws0\"> </span>(set of OpCos<span class=\"_ _0\"></span> and/or Joi<span class=\"_ _2b\"></span>nt Ventures with com<span class=\"_ _0\"></span>mon</div>\n<div class=\"t m0 x7 h4f y80c ff147 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">regional o<span class=\"_ _2\"></span>versight)<span class=\"ls0 ws0\"> </span>and/or OpCo<span class=\"_ _2\"></span> re<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">evaluat<span class=\"_ _0\"></span>es key risk<span class=\"_ _0\"></span>s on at least a </span></span></div>\n<div class=\"t m0 x7 h4f y80d ff147 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">quarterly ba<span class=\"_ _2\"></span>sis, and the mo<span class=\"_ _2\"></span>st significant ri<span class=\"_ _2\"></span>sks are also moni<span class=\"_ _2\"></span>tored and</div>\n<div class=\"t m0 x7 h4f y80e ff147 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">rep<span class=\"lse0 wsf0\">orted on at Gr<span class=\"_ _0\"></span>oup level. T<span class=\"_ _0\"></span>he key outp<span class=\"_ _0\"></span>uts of the pr<span class=\"_ _0\"></span>ocess<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">are</span> </span></span></div>\n<div class=\"t m0 x7 h4f y80f ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">document<span class=\"_ _2b\"></span>ed in a quarte<span class=\"_ _2b\"></span>rly Group Top R<span class=\"_ _0\"></span>isk Rep<span class=\"_ _0\"></span>ort. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y810 ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90a ff147 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">In Q1 202<span class=\"_ _2\"></span>2, Ageas first per<span class=\"_ _2\"></span>formed an in<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">depth assessm<span class=\"_ _2b\"></span>ent of the </span></span></div>\n<div class=\"t m0 x7 h4f y90b ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">consequ<span class=\"_ _2b\"></span>ences of Russia<span class=\"_ _2b\"></span>\u2019s aggression <span class=\"_ _0\"></span>toward<span class=\"_ _0\"></span>s Ukrain<span class=\"_ _2b\"></span>e, covering (a) t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y90c ff147 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">geopolitica<span class=\"lse0 wsf0\">l <span class=\"_ _2\"></span>cont<span class=\"_ _2b\"></span>ext and sequence of<span class=\"_ _0\"></span> events, int<span class=\"_ _2b\"></span>ernational react<span class=\"_ _2b\"></span>ion and </span></div>\n<div class=\"t m0 x7 h4f y90d ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">potenti<span class=\"_ _0\"></span>al escal<span class=\"_ _2b\"></span>ation scenario<span class=\"_ _2b\"></span>s, (b) a brief ov<span class=\"_ _0\"></span>erview <span class=\"_ _0\"></span>of the m<span class=\"_ _0\"></span>ain lega<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x7 h4f y90e ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">consequ<span class=\"_ _2b\"></span>ences of the i<span class=\"_ _0\"></span>nvasion,<span class=\"_ _0\"></span> focuss<span class=\"_ _2b\"></span>ing on EU law, (<span class=\"_ _0\"></span>c) Ageas<span class=\"lsfb\">'s<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">direct<span class=\"_ _2b\"></span> </span></div>\n<div class=\"t m0 x7 h4f y90f ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">exposur<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>(inv<span class=\"_ _2b\"></span>estments an underw<span class=\"_ _2b\"></span>riting, and (d) mac<span class=\"_ _0\"></span>ro<span class=\"ls0 ws0\">-e<span class=\"lse2 wsf1\">conomic </span></span></div>\n<div class=\"t m0 x7 h4f y910 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">impacts of<span class=\"_ _0\"></span> the conflic<span class=\"_ _0\"></span>t. The ass<span class=\"_ _0\"></span>essme<span class=\"_ _0\"></span>nt conclu<span class=\"_ _0\"></span>ded that Age<span class=\"_ _2b\"></span>as operating</div>\n<div class=\"t m0 x7 h4f y911 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">compani<span class=\"_ _2b\"></span>es have negligibl<span class=\"_ _0\"></span>e direct exp<span class=\"_ _0\"></span>osure to bot<span class=\"_ _0\"></span>h Russia a<span class=\"_ _0\"></span>nd Ukrain<span class=\"_ _0\"></span>e,</div>\n<div class=\"t m0 x7 h4f y912 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">and no ident<span class=\"_ _0\"></span>ified <span class=\"lse2 ws103\">exposures to sanctioned individu<span class=\"_ _2\"></span>als or entities. Ageas </span></div>\n<div class=\"t m0 x7 h4f y913 ff147 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">has increas<span class=\"_ _2\"></span>ed its alert le<span class=\"_ _2\"></span>vel regarding cyber <span class=\"_ _2\"></span>security. Ageas</div>\n<div class=\"t m0 x7 h4f y914 ff147 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">continuously<span class=\"_ _2\"></span> reviews this assessment consider<span class=\"_ _2\"></span>ing new risk insights.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y915 ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y916 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">The top key ris<span class=\"_ _0\"></span>ks that<span class=\"_ _0\"></span> Ageas fac<span class=\"_ _0\"></span>ed during 20<span class=\"_ _0\"></span>2<span class=\"ls0 ws0\">2 </span><span class=\"wsef\">are:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y917 ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse0 wsf0\">Interest Rate Ris<span class=\"_ _0\"></span>k.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y918 ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse0 wsfa\">Higher Inflat<span class=\"_ _0\"></span>ion Ris<span class=\"_ _0\"></span>k.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y919 ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse0 wsf0\">IFRS 9/17 executi<span class=\"_ _2b\"></span>on.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y91a ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse0 wsfa\">Volatile / unf<span class=\"_ _0\"></span>avourab<span class=\"_ _0\"></span>le mark<span class=\"_ _0\"></span>et move<span class=\"_ _0\"></span>ments. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 y967 ff14b fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span> Rate Risk<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y968 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>erest rat<span class=\"_ _2b\"></span>e volatility t<span class=\"_ _0\"></span>hat had b<span class=\"_ _0\"></span>een anti<span class=\"_ _2b\"></span>cipated by the <span class=\"_ _0\"></span>markets<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y969 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">material<span class=\"_ _2b\"></span>ised with the incre<span class=\"_ _2b\"></span>ase in interest rat<span class=\"_ _0\"></span>es raisin<span class=\"_ _0\"></span>g the questio<span class=\"_ _2b\"></span>n of</div>\n<div class=\"t m0 x7 h4f y96a ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">higher cli<span class=\"_ _0\"></span>ent retu<span class=\"_ _0\"></span>rn in the Life Sa<span class=\"_ _0\"></span>vings and P<span class=\"_ _0\"></span>ension bus<span class=\"_ _2b\"></span>iness. After</div>\n<div class=\"t m0 x7 h4f y96b ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">some rel<span class=\"_ _0\"></span>uctanc<span class=\"_ _0\"></span>e, inter<span class=\"_ _0\"></span>est rate <span class=\"_ _0\"></span>increa<span class=\"_ _0\"></span>ses sta<span class=\"_ _0\"></span>rted to b<span class=\"_ _2b\"></span>e reflected in</div>\n<div class=\"t m0 x7 h4f y96c ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">deposit<span class=\"_ _0\"></span> rates offer<span class=\"_ _2b\"></span>ed by retail banks. Ra<span class=\"_ _0\"></span>pidly ris<span class=\"_ _0\"></span>ing rates<span class=\"_ _0\"></span> demand an</div>\n<div class=\"t m0 x7 h4f y96d ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed re<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">activity in Lif<span class=\"_ _2b\"></span>e Savings in or<span class=\"_ _2b\"></span>der to avoid l<span class=\"_ _0\"></span>osing sig<span class=\"_ _0\"></span>nificant<span class=\"_ _2b\"></span> </span></div>\n<div class=\"t m0 x7 h4f y96e ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">inflow. H<span class=\"_ _0\"></span>owever, a<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>rate<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">i<span class=\"_ _0\"></span>ncreases<span class=\"_ _0\"></span> are f<span class=\"_ _0\"></span>actored i<span class=\"_ _2b\"></span>n the short term <span class=\"_ _0\"></span>and the </span></div>\n<div class=\"t m0 x7 h4f y96f ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">10yr rat<span class=\"_ _0\"></span>e has seen app<span class=\"_ _0\"></span>rox. 30 bps dr<span class=\"_ _0\"></span>op since the b<span class=\"_ _0\"></span>eginni<span class=\"_ _0\"></span>ng of 2022, th<span class=\"_ _0\"></span>is</div>\n<div class=\"t m0 x7 h4f y970 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">makes inc<span class=\"_ _0\"></span>reasing r<span class=\"_ _0\"></span>ates for pro<span class=\"_ _2b\"></span>ducts more complic<span class=\"_ _2b\"></span>ated.<span class=\"ls0 ws0\"> </span>In the current<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y971 ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">situati<span class=\"_ _2b\"></span>on <span class=\"_ _2\"></span>of<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">rising interest ra<span class=\"_ _2\"></span>tes</span>, <span class=\"lse2 ws103\">more al<span class=\"_ _2\"></span>ternative banking <span class=\"wsf1\">product</span></span>s<span class=\"_ _2\"></span> <span class=\"lsfc ws115\">with </span></span></div>\n<div class=\"t m0 x7 h4f y972 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">attract<span class=\"_ _0\"></span>ive yiel<span class=\"_ _2b\"></span>ds have become a<span class=\"_ _0\"></span>vailab<span class=\"_ _2b\"></span>le leading to pot<span class=\"_ _2b\"></span>ential risk t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x7 h4f y973 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">volumes<span class=\"_ _0\"></span> in bancass<span class=\"_ _0\"></span>urance<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y974 ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h55 y8d8 ff14b fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Higher <span class=\"lsfc ws115\">In<span class=\"_ _2\"></span>flati<span class=\"lsfb ws127\">o<span class=\"_ _2\"></span>n Risk<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y8d9 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Inflati<span class=\"_ _0\"></span>on start<span class=\"_ _0\"></span>ed to sh<span class=\"_ _0\"></span>ow sign<span class=\"_ _0\"></span>s of eas<span class=\"_ _0\"></span>ing towa<span class=\"_ _0\"></span>rds th<span class=\"_ _0\"></span>e end of <span class=\"_ _0\"></span>2022,</div>\n<div class=\"t m0 x1a h4f y9bc ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing the h<span class=\"_ _0\"></span>ighs ob<span class=\"_ _0\"></span>served i<span class=\"_ _2b\"></span>n<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"lse2\">many countries <span class=\"_ _2\"></span><span class=\"wsf1\">post<span class=\"ls0 ws0\">-</span></span><span class=\"lsfb\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span></span></span><span class=\"wsef\">19<span class=\"ls0 ws0\"> </span>moneta<span class=\"_ _2b\"></span>ry </span></div>\n<div class=\"t m0 x1a h4f y9bd ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">and fisc<span class=\"_ _0\"></span>al resp<span class=\"_ _0\"></span>onse, <span class=\"_ _0\"></span>as well as<span class=\"_ _0\"></span> Russia\u2019s<span class=\"_ _2b\"></span> invasion of Uk<span class=\"_ _2b\"></span>raine. Both th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y9be ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">ECB and t<span class=\"_ _2b\"></span>he BoE have exp<span class=\"_ _0\"></span>ressed t<span class=\"_ _0\"></span>heir int<span class=\"_ _2b\"></span>ention to cont<span class=\"_ _0\"></span>inue wit<span class=\"_ _2b\"></span>h</div>\n<div class=\"t m0 x1a h4f y9bf ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t rate incr<span class=\"_ _0\"></span>eases unt<span class=\"_ _0\"></span>il the me<span class=\"_ _0\"></span>dium<span class=\"ls0 ws0\">-</span>term inf<span class=\"_ _0\"></span>lation o<span class=\"_ _2b\"></span>utlook</div>\n<div class=\"t m0 x1a h4f y9c0 ff147 fs3a fc1e sc0 lse1 ws104\" style=\"z-index: 15;\">is consis<span class=\"lse0 wsfa\">tent w<span class=\"_ _0\"></span>ith thei<span class=\"_ _2b\"></span>r policy target<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>re expect<span class=\"_ _2b\"></span>ed to raise rat<span class=\"_ _2b\"></span>es </span></div>\n<div class=\"t m0 x1a h4f y9c1 ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">furthe<span class=\"_ _0\"></span>r.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97e ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y97f ff147 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">Although the dir<span class=\"_ _2\"></span>ect consequences from infla<span class=\"_ _2\"></span>tion from non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">Life bu<span class=\"_ _2\"></span>siness </span></div>\n<div class=\"t m0 x1a h4f y980 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">on the B<span class=\"_ _0\"></span>alance S<span class=\"_ _0\"></span>heet ar<span class=\"_ _0\"></span>e deeme<span class=\"_ _0\"></span>d lower t<span class=\"_ _0\"></span>han for t<span class=\"_ _0\"></span>he Life b<span class=\"_ _0\"></span>usiness<span class=\"_ _0\"></span>, a</div>\n<div class=\"t m0 x1a h4f y981 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">specific<span class=\"_ _0\"></span> attenti<span class=\"_ _0\"></span>on point for n<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-</span>life relat<span class=\"_ _0\"></span>e<span class=\"lse2 ws103\">s to tariff markets wh<span class=\"_ _2\"></span>ere non<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">life </span></span></span></div>\n<div class=\"t m0 x1a h4f y982 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>m rate ad<span class=\"_ _0\"></span>justment<span class=\"_ _2b\"></span>s to inflation<span class=\"_ _2b\"></span> significantly<span class=\"_ _0\"></span> tend to l<span class=\"_ _2b\"></span>ack claims</div>\n<div class=\"t m0 x1a h4f y983 ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">inflati<span class=\"_ _0\"></span>on. <span class=\"lse2 ws103\">Ageas is <span class=\"wsfa\">closely mo<span class=\"_ _2\"></span>nitor<span class=\"wsf1\">ing<span class=\"ls0 ws0\"> </span></span></span></span><span class=\"wsf0\">all aspects of<span class=\"_ _0\"></span> the busines<span class=\"_ _0\"></span>s durin<span class=\"_ _0\"></span>g </span></div>\n<div class=\"t m0 x1a h4f y984 ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">such <span class=\"wsf0\">volat<span class=\"_ _0\"></span>ile market<span class=\"_ _0\"></span> inflati<span class=\"_ _0\"></span>on condit<span class=\"_ _0\"></span>ions, ant<span class=\"_ _0\"></span>icipat<span class=\"_ _0\"></span>ing P&amp;L impa<span class=\"_ _2b\"></span>cts, and<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9c2 ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">es<span class=\"lse2 ws103\">pecially considering<span class=\"_ _2\"></span>: <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9c3 ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse2 ws103\">R<span class=\"_ _2\"></span>eserve risk: impact on out<span class=\"_ _2\"></span>standing claims of high infla<span class=\"_ _2\"></span>tion</span><span class=\"ff147\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9c4 ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse2 ws103\">Pr<span class=\"_ _2\"></span>emium risk: heightened need<span class=\"_ _2\"></span> for Business agility (the<span class=\"_ _2\"></span> speed of </span></span></div>\n<div class=\"t m0 x25a h4f y9c5 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">taking de<span class=\"_ _0\"></span>cisions<span class=\"_ _0\"></span> is increasi<span class=\"_ _0\"></span>ngly cruc<span class=\"_ _0\"></span>ial, such as<span class=\"_ _0\"></span> reprici<span class=\"_ _0\"></span>ng,<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">but also </span></span></div>\n<div class=\"t m0 x25a h4f y9c6 ff147 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">the agilit<span class=\"_ _2\"></span>y of key busines<span class=\"_ _2\"></span>s areas, such as P<span class=\"_ _2\"></span>roduct, Commercial a<span class=\"_ _2\"></span>nd</div>\n<div class=\"t m0 x25a h4f y9c7 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Sales, \u2026<span class=\"_ _2b\"></span>). The volatil<span class=\"_ _0\"></span>e conditi<span class=\"_ _2b\"></span>ons may increas<span class=\"_ _2b\"></span>e competition<span class=\"ls0 ws0\"> <span class=\"ls106 ws124\">in </span></span></div>\n<div class=\"t m0 x25a h4f ycb9 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">market s<span class=\"_ _2b\"></span>hare. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycba ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse2 ws103\">Im<span class=\"_ _2\"></span>pacts on the financial purcha<span class=\"_ _2\"></span>sing power of households.</span><span class=\"ff147\"> </span></span></div>\n<div class=\"t m0 x1a h4f ycbb ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse2 ws103\">In<span class=\"_ _2\"></span>creased likelihood rela<span class=\"_ _2\"></span>ted to fraud (including cyber f<span class=\"_ _2\"></span>raud). </span><span class=\"ff147\"> </span></span></div>\n<div class=\"t m0 x1a h55 y98e ff14b fs3a fc1f sc0 lsf4 ws114\" style=\"z-index: 15;\">IFRS 9/17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98f ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">The new acc<span class=\"_ _0\"></span>ounting st<span class=\"_ _2b\"></span>andards introd<span class=\"_ _0\"></span>uce a numbe<span class=\"_ _0\"></span>r of <span class=\"lse1 ws11d\">execution risks </span></div>\n<div class=\"t m0 x1a h4f y990 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">linked t<span class=\"_ _0\"></span>o the int<span class=\"_ _2b\"></span>erpretation a<span class=\"_ _0\"></span>nd impl<span class=\"_ _0\"></span>ementat<span class=\"_ _0\"></span>ion of IF<span class=\"_ _0\"></span>RS 9/17<span class=\"lsfc ws115\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y991 ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y992 ff147 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Whilst very<span class=\"_ _2\"></span> good progress h<span class=\"_ _2\"></span>as been made and<span class=\"_ _2\"></span> no significant i<span class=\"_ _2\"></span>ssues</div>\n<div class=\"t m0 x1a h4f y993 ff147 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">were reported by<span class=\"_ _2\"></span> external audi<span class=\"lse0 wsf0\">tors, Ageas<span class=\"_ _0\"></span> takes a pru<span class=\"_ _0\"></span>dent app<span class=\"_ _0\"></span>roach to </span></div>\n<div class=\"t m0 x1a h4f y994 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">closely m<span class=\"_ _2b\"></span>onitor IFRS 9/17 ex<span class=\"_ _0\"></span>ecution as<span class=\"_ _0\"></span> a key risk giv<span class=\"_ _0\"></span>en resou<span class=\"_ _0\"></span>rce</div>\n<div class=\"t m0 x1a h4f y995 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">capacity<span class=\"_ _0\"></span> and Joint V<span class=\"_ _0\"></span>enture ali<span class=\"_ _2b\"></span>gnment. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yf75 ff14b fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Volatil<span class=\"_ _2b\"></span>e / unfavourabl<span class=\"_ _2b\"></span>e market movem<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t m0 x1a h4f yf76 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on to medium<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">term ris<span class=\"_ _2b\"></span>ks (e.g. post<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">Brexit EU/UK trade<span class=\"_ _2\"></span> tension<span class=\"lsf4 ws10c\">s, </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y998 ff147 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">US/China tensio<span class=\"_ _2\"></span>ns, Russia/Ukraine war\u2026), the rema<span class=\"_ _2\"></span>ining post<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y999 ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">p<span class=\"lse2 wsf1\">andemic<span class=\"_ _2\"></span></span> e<span class=\"lsf4 ws10c\">ffects, <span class=\"lse0 wsf0\">coupled wit<span class=\"_ _0\"></span>h <span class=\"lse2 ws103\">volatile market<span class=\"_ _2\"></span> movements<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">leads to </span></span></span></div>\n<div class=\"t m0 x1a h4f y99a ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">potenti<span class=\"_ _0\"></span>al advers<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>impac<span class=\"_ _0\"></span>ts <span class=\"lse2 wsfa\">on earnings, sol<span class=\"_ _2\"></span>vency and liquidi<span class=\"_ _2\"></span>ty.<span class=\"ls0 ws0\">  </span></span></div>\n<div class=\"t m0 x1a h4f y99b ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y99c ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas clos<span class=\"_ _2b\"></span>ely monitors thi<span class=\"_ _0\"></span>s risk throu<span class=\"_ _2b\"></span>gh regular monit<span class=\"_ _0\"></span>oring proc<span class=\"_ _2b\"></span>esses</div>\n<div class=\"t m0 x1a h4f y99d ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"lse2 wsf1\">subsequent <span class=\"_ _2\"></span><span class=\"wsfa\">reporting, as well<span class=\"_ _2\"></span> as through gove<span class=\"_ _2\"></span>rnance bodies such<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f y99e ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">as the Ageas<span class=\"_ _0\"></span> Investm<span class=\"_ _0\"></span>ent Comm<span class=\"_ _0\"></span>ittee. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y99f ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9a0 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">For all key ris<span class=\"_ _0\"></span>ks, Age<span class=\"_ _0\"></span>as has proces<span class=\"_ _2b\"></span>ses to closely moni<span class=\"_ _0\"></span>tor risk ev<span class=\"_ _0\"></span>olution<span class=\"_ _2b\"></span>s</div>\n<div class=\"t m0 x1a h4f y9a1 ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"lse2 wsf1\">has<span class=\"ls0 ws0\"> </span></span><span class=\"wsf0\">defined act<span class=\"_ _0\"></span>ions to mitig<span class=\"_ _2b\"></span>ate risk exposures<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 361px; height: 745px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 361px; height: 745px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff14e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.6.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsfa\">Emerg<span class=\"_ _2\"></span>ing Risk Reporti<span class=\"_ _2\"></span>ng</span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas has als<span class=\"_ _2b\"></span>o implemented an Em<span class=\"_ _2b\"></span>erging Risk Proc<span class=\"_ _0\"></span>ess. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y805 ff14e fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">(Re)<span class=\"lse2 ws103\">Insure<span class=\"_ _2\"></span>rs face a degree of change and<span class=\"_ _2\"></span> uncertainty that appears<span class=\"_ _2\"></span> to be </span></div>\n<div class=\"t m0 x7 h4f y806 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">evolvi<span class=\"_ _0\"></span>ng at an ever<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">quickening pace. Unders<span class=\"_ _2\"></span>tanding these changes can </span></span></div>\n<div class=\"t m0 x7 h4f y807 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">help to eit<span class=\"_ _0\"></span>her enable Ag<span class=\"_ _2b\"></span>eas to explore new opp<span class=\"_ _2b\"></span>ortunities or dev<span class=\"_ _0\"></span>elop</div>\n<div class=\"t m0 x7 h4f y808 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>s to mitig<span class=\"_ _0\"></span>ate the pot<span class=\"_ _0\"></span>ential ass<span class=\"_ _2b\"></span>ociated risks. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Emerging risk<span class=\"_ _2\"></span>s are derived from emerging trend<span class=\"_ _2\"></span>s (current and future</div>\n<div class=\"t m0 x7 h4f y80b ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ments l<span class=\"_ _0\"></span>in<span class=\"wsf0\">ked to th<span class=\"_ _0\"></span>e internal a<span class=\"_ _2b\"></span>nd external enviro<span class=\"_ _2b\"></span>nment, includi<span class=\"_ _0\"></span>ng </span></div>\n<div class=\"t m0 x7 h4f y80c ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">strateg<span class=\"_ _0\"></span>ic objec<span class=\"_ _0\"></span>tives<span class=\"_ _0\"></span>) that co<span class=\"_ _0\"></span>uld bec<span class=\"_ _0\"></span>ome a poss<span class=\"_ _2b\"></span>ible threat or <span class=\"_ _0\"></span>risk fo<span class=\"_ _2b\"></span>r the</div>\n<div class=\"t m0 x7 h4f y80d ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> and that, by<span class=\"_ _0\"></span> their nat<span class=\"_ _0\"></span>ure, are unce<span class=\"_ _0\"></span>rtain and d<span class=\"_ _2b\"></span>ifficult to quantif<span class=\"_ _0\"></span>y.</div>\n<div class=\"t m0 x7 h4f y80e ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Emerging risk<span class=\"_ _2\"></span>s can also include those trend<span class=\"_ _2\"></span>s that<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">are not yet we<span class=\"_ _0\"></span>ll </span></span></div>\n<div class=\"t m0 x7 h4f y80f ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">underst<span class=\"_ _2b\"></span>ood (and which ul<span class=\"_ _2b\"></span>timately, wit<span class=\"_ _2b\"></span>h greater know<span class=\"_ _0\"></span>ledge, c<span class=\"_ _2b\"></span>ould be</div>\n<div class=\"t m0 x7 h4f y810 ff14e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">opportunitie<span class=\"_ _2\"></span>s). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90a ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90b ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Group Stra<span class=\"_ _2\"></span>tegy has a well<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"ws103\">established annual Hor<span class=\"_ _2\"></span>izon Scan process, </span></div>\n<div class=\"t m0 x7 h4f y90c ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">whereby,<span class=\"_ _0\"></span> identif<span class=\"_ _0\"></span>ied eme<span class=\"_ _0\"></span>rging tre<span class=\"_ _0\"></span>nds are scor<span class=\"_ _0\"></span>ed, on the one h<span class=\"_ _2b\"></span>and, based</div>\n<div class=\"t m0 x7 h4f y90d ff14e fs3a fc14 sc0 ls106 ws10c\" style=\"z-index: 15;\">on artificia<span class=\"_ _0\"></span>l i<span class=\"lse2 wsfa\">ntelligence <span class=\"_ _2\"></span>analysis, and on t<span class=\"_ _2\"></span>he other hand, res<span class=\"_ _2\"></span>ulting from </span></div>\n<div class=\"t m0 x7 h4f y90e ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the opinion<span class=\"_ _2\"></span> of <span class=\"wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span></span></span><span class=\"lse0\">empl<span class=\"_ _0\"></span>oyees f<span class=\"_ _0\"></span>rom acros<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>roup (us<span class=\"_ _0\"></span>ing a </span></div>\n<div class=\"t m0 x7 h4f y90f ff14e fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">survey<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">based approach). The Horiz<span class=\"_ _2\"></span>on Scan process is further rei<span class=\"_ _2\"></span>nforced </span></span></div>\n<div class=\"t m0 x7 h4f y910 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by a Think2<span class=\"_ _0\"></span>030 workin<span class=\"_ _0\"></span>g group <span class=\"ls0 ws0\">- <span class=\"lse2 ws103\">a forward loo<span class=\"_ _2\"></span>king strategically focu<span class=\"_ _2\"></span>sed </span></span></div>\n<div class=\"t m0 x7 h4f y911 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">group com<span class=\"_ _0\"></span>prised of<span class=\"_ _0\"></span> stakehol<span class=\"_ _0\"></span>ders spann<span class=\"_ _2b\"></span>ing the Ageas Group ent<span class=\"_ _2b\"></span>ities.</div>\n<div class=\"t m0 x7 h94 yad5 ff14e fs5e fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"fs3a lse2 wsfa\">hese<span class=\"_ _2\"></span> components support <span class=\"_ _2\"></span>in building the <span class=\"_ _2\"></span>Horizon Scan radar<span class=\"_ _2\"></span> to define </span></div>\n<div class=\"t m0 x7 h4f yfa1 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">focus and p<span class=\"_ _0\"></span>rioritie<span class=\"_ _2b\"></span>s in an Horizon Scan re<span class=\"_ _2b\"></span>port. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yfa2 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yfa3 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Whilst nume<span class=\"_ _2\"></span>rous external source<span class=\"_ _2\"></span>s (insurance indus<span class=\"_ _2\"></span>try report<span class=\"lse1 ws104\">s, forums, </span></div>\n<div class=\"t m0 x7 h4f yfa4 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">peer repor<span class=\"_ _2\"></span>ts\u2026) provide inputs<span class=\"_ _2\"></span> into the Emerging <span class=\"_ _2\"></span>Risk Reporting</div>\n<div class=\"t m0 x7 h4f yfa5 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Process, the<span class=\"_ _2\"></span> Horizon Scan repor<span class=\"_ _2\"></span>t and Regional <span class=\"_ _2\"></span>/ Operating Companies<span class=\"_ _2\"></span>\u2019</div>\n<div class=\"t m0 x7 h4f yfa6 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">emergi<span class=\"_ _0\"></span>ng risk repo<span class=\"_ _2b\"></span>rts are the main source of<span class=\"_ _0\"></span> inputs to t<span class=\"_ _0\"></span>he Group</div>\n<div class=\"t m0 x7 h4f yfa7 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Emerging Ri<span class=\"_ _2\"></span>sk Report. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yfa8 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yfa9 ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas follows s<span class=\"_ _2\"></span>ix dimens<span class=\"lse0 wsf0\">ions (PE<span class=\"_ _0\"></span>STLE) in id<span class=\"_ _0\"></span>entifyi<span class=\"_ _0\"></span>ng possi<span class=\"_ _0\"></span>ble emergi<span class=\"_ _2b\"></span>ng </span></div>\n<div class=\"t m0 x7 h4f yfaa ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risks, cr<span class=\"_ _0\"></span>eating a cl<span class=\"_ _0\"></span>ear link wit<span class=\"_ _0\"></span>h its strate<span class=\"_ _2b\"></span>gy (most of the time the s<span class=\"_ _0\"></span>ix</div>\n<div class=\"t m0 x7 h4f yfab ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">dimensions are<span class=\"_ _2\"></span> inextricably intertwined)<span class=\"_ _2\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yfac ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">Po<span class=\"_ _2\"></span>litical</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x7 h4f yfad ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">E<span class=\"_ _2\"></span>conomic</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x7 h4f yfae ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">So<span class=\"_ _2\"></span>cial</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x7 h4f yfaf ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse0 wsef\">Technological<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yfb0 ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">L<span class=\"_ _2\"></span>egal</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x7 h4f yfb1 ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">En<span class=\"_ _2\"></span>vironmental</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x7 h4f yfb2 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yfb3 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas has de<span class=\"_ _2b\"></span>veloped an emergi<span class=\"_ _2b\"></span>ng risk rating metho<span class=\"_ _0\"></span>dology us<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x7 h4f yfb4 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">proximit<span class=\"_ _0\"></span>y and impa<span class=\"_ _2b\"></span>ct criteria to guid<span class=\"_ _0\"></span>e the most app<span class=\"_ _0\"></span>ropriat<span class=\"_ _0\"></span>e course of</div>\n<div class=\"t m0 x7 h4f yfb5 ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">action. Each rel<span class=\"_ _2\"></span>evant trend (and associat<span class=\"_ _2\"></span>ed risks) <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">assess<span class=\"_ _0\"></span>ed to </span></span></span></div>\n<div class=\"t m0 x7 h4f yfb6 ff14e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">conclude <span class=\"_ _2\"></span><span class=\"ws103\">management\u2019s response, and<span class=\"_ _2\"></span> prioritized into three<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsef\">cat<span class=\"_ _2b\"></span>egories: <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yfb7 ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lsfa ws114\">A<span class=\"_ _2\"></span>CT </span><span class=\"ff14e\">- <span class=\"lse1 ws104\">risks the <span class=\"lse2 wsf1\">organi<span class=\"_ _2\"></span></span></span>s<span class=\"ls102 ws11d\">ation</span> <span class=\"lse2 ws103\">should<span class=\"_ _2\"></span> mitigate</span> </span></span></div>\n<div class=\"t m0 x7 h4f yfb8 ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">A<span class=\"_ _2\"></span>NALYSE </span><span class=\"ff14e\">- <span class=\"lse2 ws103\">r<span class=\"_ _2\"></span>isks that require further anal<span class=\"_ _2\"></span>ysis (highly uncertain or<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x43 h4f yfb9 ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">risks frequen<span class=\"_ _2\"></span>tly mentioned by external sou<span class=\"_ _2\"></span>rces whose impact for the</div>\n<div class=\"t m0 x43 h4f yfba ff14e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">organi<span class=\"ls0 ws0\">s<span class=\"lsfc ws115\">a<span class=\"_ _2\"></span>tion</span> <span class=\"lse1 ws11d\">is di<span class=\"_ _2\"></span>fficult to assess)</span> </span></div>\n<div class=\"t m0 x7 h4f yfbb ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">AW<span class=\"_ _2\"></span>ARE </span><span class=\"ff14e\">- <span class=\"lse2 ws103\">ris<span class=\"_ _2\"></span>ks that should</span> <span class=\"lse0 wsf0\">be monitored.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yfbc ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfbd ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The annual<span class=\"_ _2\"></span> Group Emerging Ris<span class=\"_ _2\"></span>k Report is pre<span class=\"_ _2\"></span>sented at risk go<span class=\"_ _2\"></span>verning</div>\n<div class=\"t m0 x1a h4f yfbe ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">bodies in<span class=\"_ _2\"></span>cluding the Board o<span class=\"_ _2\"></span>f Directors. Ac<span class=\"_ _2\"></span>tions and emerging ri<span class=\"_ _2\"></span>sk</div>\n<div class=\"t m0 x1a h4f yfbf ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">evoluti<span class=\"_ _0\"></span>ons are t<span class=\"_ _0\"></span>hen fol<span class=\"_ _2b\"></span>lowed up on a q<span class=\"_ _0\"></span>uarterly <span class=\"_ _2b\"></span>basis within t<span class=\"_ _2b\"></span>he Group</div>\n<div class=\"t m0 x1a h4f yfc0 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Top Risk Re<span class=\"_ _2\"></span>port. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yfc1 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfc2 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The 2022 G<span class=\"_ _2\"></span>roup Emerging Ris<span class=\"_ _2\"></span>k Radar generally re<span class=\"_ _2\"></span>flects areas</div>\n<div class=\"t m0 x1a h4f yfc3 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>red most relev<span class=\"_ _0\"></span>ant to bot<span class=\"_ _2b\"></span>h the industry <span class=\"_ _0\"></span>and <span class=\"lse2 wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s </span></span><span class=\"wsef\">strategy, </span></div>\n<div class=\"t m0 x1a h4f yfc4 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business l<span class=\"_ _2\"></span>ines and model. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yfc5 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfc6 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Compar<span class=\"_ _0\"></span>ed to 202<span class=\"_ _0\"></span>1, the e<span class=\"_ _0\"></span>mergin<span class=\"_ _0\"></span>g trends <span class=\"_ _0\"></span>and risks<span class=\"_ _0\"></span> that a<span class=\"_ _0\"></span>re integ<span class=\"_ _0\"></span>rated</div>\n<div class=\"t m0 x1a h4f yfc7 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">into busi<span class=\"_ _0\"></span>ness<span class=\"ls0 ws0\">-</span><span class=\"wsef\">as<span class=\"ls0 ws0\">-</span></span>usual act<span class=\"_ _2b\"></span>ivities and/or st<span class=\"_ _0\"></span>rategy hav<span class=\"_ _2b\"></span>e been removed</div>\n<div class=\"t m0 x1a h4f yfc8 ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">from the radar<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">\u2013 <span class=\"lse0 wsf0\">where the<span class=\"_ _0\"></span>se trends ha<span class=\"_ _0\"></span>ve mater<span class=\"_ _0\"></span>ialised as<span class=\"_ _0\"></span> key risk, the<span class=\"_ _2b\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yfc9 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are report<span class=\"_ _2\"></span>ed and monitored <span class=\"_ _2\"></span>through the Ageas Gr<span class=\"_ _2\"></span>oup Top Risk Repor<span class=\"_ _2\"></span>t. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yfca ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfcb ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The top (hi<span class=\"_ _0\"></span>gh proxi<span class=\"_ _0\"></span>mity, mode<span class=\"_ _2b\"></span>rate to major impact<span class=\"_ _2b\"></span>) Emerging Risks fo<span class=\"_ _2b\"></span>r</div>\n<div class=\"t m0 x1a h4f yfcc ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas as at e<span class=\"_ _0\"></span>nd 2022 ar<span class=\"wsef\">e:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yfcd ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lsfd ws116\">Ge<span class=\"_ _2\"></span>o</span><span class=\"ff14e\">-<span class=\"lse2 ws103\">political instabili<span class=\"_ _2\"></span>ty / trade Wars</span> </span></span></div>\n<div class=\"t m0 x1a h4f yfce ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 ws103\">D<span class=\"_ _2\"></span>riving Technology</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x1a h4f yfcf ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse0 wsf0\">New customer Ne<span class=\"_ _0\"></span>eds &amp; Expect<span class=\"_ _0\"></span>ations<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yfd0 ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 ws103\">R<span class=\"_ _2\"></span>obotics / AI / Technology</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x1a h55 yfd1 ff152 fs3a fc1f sc0 lsfd ws116\" style=\"z-index: 15;\">Geo<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">politi<span class=\"_ _2\"></span>cal instability / trade wars<span class=\"_ _2\"></span> (PESTLE category </span>\u2013 <span class=\"ls106 ws124\">Political)</span> </span></div>\n<div class=\"t m0 x1a h4f yfd2 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Politic<span class=\"_ _0\"></span>al insta<span class=\"_ _0\"></span>bility and u<span class=\"_ _2b\"></span>ncertainties a<span class=\"_ _0\"></span>re growin<span class=\"_ _0\"></span>g worldwi<span class=\"_ _0\"></span>de. Follo<span class=\"_ _0\"></span>wing</div>\n<div class=\"t m0 x1a h4f yfd3 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the height<span class=\"_ _0\"></span> of the Covid<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">19 pandemic, m<span class=\"_ _2\"></span>any economies reboun<span class=\"_ _2\"></span>ded as </span></span></div>\n<div class=\"t m0 x1a h4f yfd4 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">trade reco<span class=\"_ _2\"></span>vered and business r<span class=\"_ _2\"></span>eturned to norma<span class=\"_ _2\"></span>lity across geographi<span class=\"_ _2\"></span>cal</div>\n<div class=\"t m0 x1a h4f yfd5 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">locatio<span class=\"_ _0\"></span>ns. Eve<span class=\"_ _0\"></span>n befor<span class=\"_ _0\"></span>e the Rus<span class=\"_ _0\"></span>sia<span class=\"ls0 ws0\">-</span>Ukrai<span class=\"_ _2b\"></span>ne confl<span class=\"wsf0\">ict, ene<span class=\"_ _2b\"></span>rgy prices were </span></div>\n<div class=\"t m0 x1a h4f yfd6 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the rise (<span class=\"_ _0\"></span>unreso<span class=\"_ _0\"></span>lved supply<span class=\"_ _0\"></span> chain bott<span class=\"_ _0\"></span>leneck<span class=\"_ _0\"></span>s) howev<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e invasion</div>\n<div class=\"t m0 x1a h4f yfd7 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of Ukrai<span class=\"_ _0\"></span>ne furt<span class=\"_ _0\"></span>her gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>nternat<span class=\"_ _2b\"></span>ional trade c<span class=\"_ _2b\"></span>onflicts and g<span class=\"_ _0\"></span>eopoliti<span class=\"_ _2b\"></span>cal</div>\n<div class=\"t m0 x1a h4f yfd8 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">friction<span class=\"_ _2b\"></span>s. Countries<span class=\"_ _0\"></span>, states <span class=\"_ _2b\"></span>and companies <span class=\"_ _0\"></span>have be<span class=\"_ _0\"></span>en asses<span class=\"_ _0\"></span>sing ar<span class=\"_ _2b\"></span>eas in</div>\n<div class=\"t m0 x1a h4f yfd9 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">which the<span class=\"_ _2\"></span>y ar<span class=\"ws103\">e dependent from a speci<span class=\"_ _2\"></span>fic country/ partner and </span></div>\n<div class=\"t m0 x1a h4f yfda ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">considering wa<span class=\"_ _2\"></span>ys to \u201cdetach\u201d or reduce thei<span class=\"_ _2\"></span>r dependency on those</div>\n<div class=\"t m0 x1a h4f yfdb ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">countr<span class=\"_ _0\"></span>ies/ part<span class=\"_ _2b\"></span>ners (e.g. ons<span class=\"_ _0\"></span>horing, <span class=\"_ _2b\"></span>diversifying, et<span class=\"_ _2b\"></span>c.). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yfdc ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfdd ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Economi<span class=\"_ _2b\"></span>es across Europe, E<span class=\"_ _0\"></span>ast and Sout<span class=\"_ _2b\"></span>h<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">East Asia fac<span class=\"_ _0\"></span>e a perio<span class=\"_ _0\"></span>d of </span></div>\n<div class=\"t m0 x1a h4f yfde ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">high inf<span class=\"_ _0\"></span>lation,<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">g<span class=\"_ _0\"></span>rowing int<span class=\"_ _2b\"></span>erest rates and cons<span class=\"_ _2b\"></span>umer uncertaint<span class=\"_ _0\"></span>y. Wheth<span class=\"_ _0\"></span>er </span></div>\n<div class=\"t m0 x1a h4f yfdf ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or not a recess<span class=\"_ _2b\"></span>ion (or even a depres<span class=\"_ _0\"></span>sion) is at o<span class=\"_ _0\"></span>ur doorstep<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span><span class=\"ls106 ws10c\">it is<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">beyond </span></span></span></div>\n<div class=\"t m0 x1a h4f yfe0 ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">argument tha<span class=\"_ _2\"></span>t negative sentiment and times of har<span class=\"_ _2\"></span>dship loom. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yfe1 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfe2 ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Major demograph<span class=\"_ _2\"></span>ic, environmental and econo<span class=\"_ _2\"></span>mic trends are lik<span class=\"lsfc ws121\">el<span class=\"_ _2\"></span>y to </span></div>\n<div class=\"t m0 x1a h4f yfe3 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ue to driv<span class=\"_ _0\"></span>e migr<span class=\"_ _0\"></span>ation du<span class=\"_ _0\"></span>ring the <span class=\"_ _2b\"></span>next decade, w<span class=\"_ _0\"></span>hich in t<span class=\"_ _2b\"></span>urn may</div>\n<div class=\"t m0 x1a h4f yfe4 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">furthe<span class=\"_ _0\"></span>r contrib<span class=\"_ _2b\"></span>ute to politic<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> in count<span class=\"_ _2b\"></span>ries affected.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yfe5 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfe6 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Increas<span class=\"_ _0\"></span>ed migr<span class=\"_ _0\"></span>ation fl<span class=\"_ _0\"></span>ows in s<span class=\"_ _0\"></span>ome Euro<span class=\"_ _0\"></span>pean co<span class=\"_ _0\"></span>untries<span class=\"_ _0\"></span> might l<span class=\"_ _0\"></span>ead to</div>\n<div class=\"t m0 x1a h4f yfe7 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed social tensions.<span class=\"_ _0\"></span> Given th<span class=\"_ _0\"></span>at the r<span class=\"wsfa\">ise of<span class=\"_ _0\"></span> ident<span class=\"_ _0\"></span>ity polit<span class=\"_ _0\"></span>ics has t<span class=\"_ _2b\"></span>he </span></div>\n<div class=\"t m0 x1a h4f yfe8 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">migrati<span class=\"_ _0\"></span>on crisis<span class=\"_ _0\"></span> as one of its root<span class=\"_ _0\"></span> causes, nat<span class=\"_ _2b\"></span>ionalist and po<span class=\"_ _0\"></span>pulist part<span class=\"_ _2b\"></span>ies</div>\n<div class=\"t m0 x1a h4f yfe9 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">appear t<span class=\"_ _0\"></span>o be tak<span class=\"_ _0\"></span>ing cent<span class=\"_ _0\"></span>re<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">stage in ma<span class=\"_ _0\"></span>ny natio<span class=\"_ _0\"></span>ns across Eu<span class=\"_ _0\"></span>rope. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yfea ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfeb ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ramific<span class=\"_ _2b\"></span>ations of the R<span class=\"_ _0\"></span>ussia<span class=\"ls0 ws0\">-</span>Ukra<span class=\"_ _2b\"></span>ine conflict i<span class=\"_ _0\"></span>nclude t<span class=\"_ _2b\"></span>he impact of</div>\n<div class=\"t m0 x1a h4f yfec ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">countries\u2019 de<span class=\"_ _2\"></span>fault risk, inf<span class=\"_ _2\"></span>low of refugees; <span class=\"_ _2\"></span>scaled back ambition<span class=\"_ _2\"></span>s on</div>\n<div class=\"t m0 x1a h4f yfed ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">green tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on, dest<span class=\"_ _0\"></span>abilizat<span class=\"_ _2b\"></span>ion of fragil<span class=\"_ _0\"></span>e countri<span class=\"_ _0\"></span>es (MEN<span class=\"_ _0\"></span>A, West<span class=\"_ _0\"></span>ern</div>\n<div class=\"t m0 x1a h4f yfee ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Balkans<span class=\"_ _2b\"></span>). Concerns ov<span class=\"_ _0\"></span>er the s<span class=\"_ _0\"></span>cale of at<span class=\"_ _0\"></span>tacks m<span class=\"_ _2b\"></span>eans that (re<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">)insurers </span></span></div>\n<div class=\"t m0 x1a h4f yfef ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are mor<span class=\"_ _0\"></span>e proacti<span class=\"_ _2b\"></span>vely looking at<span class=\"_ _0\"></span> ways t<span class=\"_ _0\"></span>o mitig<span class=\"_ _0\"></span>ate risk<span class=\"_ _0\"></span>s. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 283px; height: 823px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 283px; height: 823px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">China coul<span class=\"_ _2b\"></span>d emerge the ultimat<span class=\"_ _2b\"></span>e \u201cbeneficiar<span class=\"_ _0\"></span>y\u201d of this con<span class=\"_ _0\"></span>flict, abs<span class=\"_ _2b\"></span>orbing</div>\n<div class=\"t m0 x7 h4f y803 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the best of Rus<span class=\"_ _2b\"></span>sia\u2019s economy (<span class=\"_ _0\"></span>oil &amp; gas, whe<span class=\"_ _0\"></span>at, milit<span class=\"_ _0\"></span>ary equip<span class=\"_ _0\"></span>ment). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y805 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Risk scenar<span class=\"_ _2\"></span>ios and corresponding<span class=\"_ _2\"></span> mitigation actions<span class=\"_ _2\"></span> are monitored a<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x7 h4f y806 ff153 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Board<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">le<span class=\"_ _2\"></span>v</span></span><span class=\"wsfa\">el. Monitoring is<span class=\"_ _2\"></span> also performed th<span class=\"_ _2\"></span>rough the Group Top<span class=\"_ _2\"></span> Risk </span></div>\n<div class=\"t m0 x7 h4f y807 ff153 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Report<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y808 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Whilst geo<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">po<span class=\"_ _0\"></span>litical<span class=\"_ _0\"></span> develop<span class=\"_ _0\"></span>ments ar<span class=\"_ _2b\"></span>e outside of Ag<span class=\"_ _0\"></span>eas\u2019<span class=\"ls0 ws0\">s </span><span class=\"lse2\">control, Agea<span class=\"_ _2\"></span>s </span></span></span></div>\n<div class=\"t m0 x7 h4f y80a ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Group and it<span class=\"_ _0\"></span>s local<span class=\"_ _0\"></span> entities cont<span class=\"_ _2b\"></span>inue to closely mo<span class=\"_ _0\"></span>nitor evol<span class=\"_ _2b\"></span>utions of</div>\n<div class=\"t m0 x7 h4f y80b ff153 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">geo<span class=\"ls0 ws0\">-<span class=\"ls106 ws10c\">political conflic<span class=\"_ _2b\"></span>ts and instability<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> <span class=\"lse0 wsf0\">the potent<span class=\"_ _0\"></span>ial<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">impacts on <span class=\"_ _2\"></span>the </span></span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y80c ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> and strat<span class=\"_ _0\"></span>egy to prep<span class=\"_ _0\"></span>are respo<span class=\"_ _0\"></span>nse plans wh<span class=\"_ _2b\"></span>ere appropriate.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y882 ff155 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Driving Technolo<span class=\"_ _2\"></span>gy<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">(PESTLE c<span class=\"wsf1\">a<span class=\"_ _2\"></span>tegory <span class=\"ls0 ws0\">\u2013 </span>Techno<span class=\"_ _2\"></span>logical)<span class=\"ff156 ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y883 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The way <span class=\"_ _0\"></span>we own a<span class=\"_ _0\"></span>nd use ca<span class=\"_ _0\"></span>rs is bei<span class=\"_ _2b\"></span>ng redefined t<span class=\"_ _0\"></span>hrough a<span class=\"_ _2b\"></span>dvancements</div>\n<div class=\"t m0 x7 h4f y884 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in tech<span class=\"_ _0\"></span>nology. T<span class=\"_ _2b\"></span>he introduct<span class=\"_ _0\"></span>ion of th<span class=\"_ _2b\"></span>ese technologi<span class=\"_ _0\"></span>es is li<span class=\"_ _0\"></span>kely to l<span class=\"_ _0\"></span>ead to</div>\n<div class=\"t m0 x7 h4f y885 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an increas<span class=\"_ _2b\"></span>e in partially, and ev<span class=\"_ _2b\"></span>entually, fully a<span class=\"_ _0\"></span>utonomo<span class=\"_ _0\"></span>us vehicl<span class=\"_ _0\"></span>es on the</div>\n<div class=\"t m0 x7 h4f y886 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">roads. Thi<span class=\"_ _2\"></span>s i<span class=\"lse0 wsf0\">s expec<span class=\"_ _0\"></span>ted to have a ma<span class=\"_ _2b\"></span>jor impact on the in<span class=\"_ _0\"></span>surance </span></div>\n<div class=\"t m0 x7 h4f y8cf ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">indust<span class=\"_ _0\"></span>ry, part<span class=\"_ _0\"></span>icularl<span class=\"_ _0\"></span>y in relat<span class=\"_ _2b\"></span>ion to how th<span class=\"_ _0\"></span>e freque<span class=\"_ _0\"></span>ncy and<span class=\"_ _0\"></span> cost of c<span class=\"_ _0\"></span>laims</div>\n<div class=\"t m0 x7 h4f y8d0 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">is likel<span class=\"_ _0\"></span>y to dev<span class=\"_ _0\"></span>elop. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d1 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d2 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">It is expected<span class=\"_ _2\"></span> that while claims frequency<span class=\"_ _2\"></span> is likely to improve due to new<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y8d3 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">safety f<span class=\"_ _2b\"></span>eatures, the cos<span class=\"_ _0\"></span>ts of r<span class=\"_ _0\"></span>epairing <span class=\"_ _2b\"></span>and replacing s<span class=\"_ _2b\"></span>uch vehicles w<span class=\"_ _0\"></span>ith</div>\n<div class=\"t m0 x7 h4f yb28 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complic<span class=\"_ _0\"></span>ated t<span class=\"_ _0\"></span>echnical<span class=\"_ _0\"></span> featur<span class=\"_ _0\"></span>es is goi<span class=\"_ _2b\"></span>ng to be signifi<span class=\"_ _2b\"></span>cantly higher.<span class=\"_ _0\"></span> This i<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f yb29 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">already b<span class=\"_ _0\"></span>eing expe<span class=\"_ _0\"></span>rienced i<span class=\"_ _0\"></span>n Ageas\u2019<span class=\"ls0 ws0\">s </span>moto<span class=\"_ _0\"></span>r book of busi<span class=\"_ _0\"></span>ness. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2a ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2b ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Alongsi<span class=\"_ _0\"></span>de the a<span class=\"_ _0\"></span>dvancem<span class=\"_ _2b\"></span>ents in the te<span class=\"_ _2b\"></span>chnology itse<span class=\"_ _0\"></span>lf, will<span class=\"_ _0\"></span> be the ab<span class=\"_ _0\"></span>ility of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">manufacturers<span class=\"_ _2\"></span> to collect an increasing amo<span class=\"_ _2\"></span>unt of valuable data on</div>\n<div class=\"t m0 x7 h4f yb2d ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">individuals<span class=\"_ _2\"></span> and their driv<span class=\"_ _2\"></span>ing habits, which <span class=\"_ _2\"></span>could be exploi<span class=\"_ _2\"></span>ted to change</div>\n<div class=\"t m0 x7 h4f y962 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">existing suppl<span class=\"_ _2\"></span>y chain dynamics. <span class=\"lse0 wsf0\">For insure<span class=\"_ _0\"></span>rs, acces<span class=\"_ _0\"></span>s to such dat<span class=\"_ _0\"></span>a could </span></div>\n<div class=\"t m0 x7 h4f y963 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lead to changes in<span class=\"_ _2\"></span> underwriting, increasing<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">the a<span class=\"_ _0\"></span>bility to of<span class=\"_ _0\"></span>fer hyper<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x7 h4f y964 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">person<span class=\"_ _0\"></span>alised pro<span class=\"_ _0\"></span>ducts,<span class=\"_ _0\"></span> services a<span class=\"_ _0\"></span>nd conte<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y965 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y966 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Whilst f<span class=\"_ _0\"></span>ully auton<span class=\"_ _2b\"></span>omous vehicles m<span class=\"_ _0\"></span>ay still be so<span class=\"_ _0\"></span>me time aw<span class=\"_ _0\"></span>ay, advan<span class=\"_ _0\"></span>ced</div>\n<div class=\"t m0 x7 h4f y967 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">driver ass<span class=\"_ _2\"></span>istance systems (ADAS<span class=\"_ _2\"></span>) are already in <span class=\"_ _2\"></span>existence and are<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y968 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d to becom<span class=\"_ _0\"></span>e more sophi<span class=\"_ _0\"></span>sticat<span class=\"_ _0\"></span>ed and prev<span class=\"_ _0\"></span><span class=\"lse2 wsfa\">alent over <span class=\"_ _2\"></span>the near </span></div>\n<div class=\"t m0 x7 h4f y969 ff153 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">term. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yff2 ff155 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">NB: Fully autonom<span class=\"_ _2b\"></span>ous vehicles are still likely<span class=\"_ _0\"></span> to be at least 5 years<span class=\"_ _0\"></span> away or</div>\n<div class=\"t m0 x7 h4f yff3 ff155 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">longer. <span class=\"ff153 ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yff4 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yff5 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Numerous ac<span class=\"_ _2\"></span>tions are ongoing a<span class=\"_ _2\"></span>cross the Group<span class=\"_ _2\"></span>, such as electric<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yff6 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">vehicle ec<span class=\"_ _2\"></span>osystem, monitoring<span class=\"_ _2\"></span> and interpretation o<span class=\"_ _2\"></span>f legislation su<span class=\"_ _2\"></span>ch as</div>\n<div class=\"t m0 x7 h4f yff7 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Automated La<span class=\"_ _2\"></span>ne Keeping Systems (ALK<span class=\"_ _2\"></span>S), deep dives <span class=\"_ _2\"></span>into new driving</div>\n<div class=\"t m0 x7 h4f yff8 ff153 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">technology <span class=\"_ _2\"></span><span class=\"ws103\">and capabilities, tracki<span class=\"_ _2\"></span>ng vehicle repair costs, op<span class=\"_ _2\"></span>erational </span></div>\n<div class=\"t m0 x7 h4f yff9 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">readiness di<span class=\"_ _2\"></span>scussions across <span class=\"wsf1\">Agea<span class=\"_ _2\"></span>s</span><span class=\"lsfb\">'s<span class=\"ls0 ws0\"> </span></span>repair ne<span class=\"_ _2\"></span>twork\u2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yffa ff155 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">New customer need<span class=\"_ _2\"></span>s &amp; <span class=\"lse0 wsef\">ex<span class=\"_ _0\"></span>pectati<span class=\"_ _0\"></span>ons<span class=\"ls0 ws0\">  </span></span></div>\n<div class=\"t m0 x7 h55 yffb ff155 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">(PESTLE categor<span class=\"_ _2\"></span>y <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsf1\">Environmental<span class=\"_ _2\"></span>)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yffc ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Shifting consu<span class=\"_ _2\"></span>mer needs and the more recent in<span class=\"_ _2\"></span>flationary environment</div>\n<div class=\"t m0 x7 h4f yffd ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">invite ins<span class=\"_ _2b\"></span>urers to innovate in p<span class=\"_ _0\"></span>ursuit of<span class=\"_ _0\"></span> grow<span class=\"lse2 wsfa\">th and to stay <span class=\"_ _2\"></span>ahead of new </span></div>\n<div class=\"t m0 x7 h4f yffe ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">competitive th<span class=\"_ _2\"></span>reats. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yfff ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1000 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Custome<span class=\"_ _0\"></span>r and market<span class=\"_ _0\"></span> expectat<span class=\"_ _2b\"></span>ions with respect<span class=\"_ _0\"></span> to sustai<span class=\"_ _0\"></span>nability a<span class=\"_ _2b\"></span>nd</div>\n<div class=\"t m0 x7 h4f y1001 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">social <span class=\"_ _0\"></span>respons<span class=\"_ _0\"></span>ibility<span class=\"_ _0\"></span> are cha<span class=\"_ _0\"></span>nging w<span class=\"_ _0\"></span>here co<span class=\"_ _0\"></span>mpanies <span class=\"_ _0\"></span>have to m<span class=\"_ _2b\"></span>ake the</div>\n<div class=\"t m0 x1a h4f y977 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">appropri<span class=\"_ _2b\"></span>ate choices i<span class=\"_ _0\"></span>n integr<span class=\"_ _0\"></span>ating s<span class=\"_ _0\"></span>ustainab<span class=\"_ _2b\"></span>ility aspects <span class=\"_ _0\"></span>in their <span class=\"_ _0\"></span>st<span class=\"lse2 wsf1\">rategy. </span></div>\n<div class=\"t m0 x1a h4f y978 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Howeve<span class=\"_ _0\"></span>r, it is not only<span class=\"_ _0\"></span> about defi<span class=\"_ _0\"></span>ning a strat<span class=\"_ _2b\"></span>egy but also about act<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f y979 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">upon it.<span class=\"_ _0\"></span> The re<span class=\"_ _0\"></span>gulatio<span class=\"_ _0\"></span>n and ex<span class=\"_ _0\"></span>pectati<span class=\"_ _0\"></span>ons wit<span class=\"_ _0\"></span>h respect<span class=\"_ _0\"></span> to sust<span class=\"_ _2b\"></span>ainability</div>\n<div class=\"t m0 x1a h4f y97a ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are increasing<span class=\"_ _2\"></span> which could drive up operationa<span class=\"_ _2\"></span>l costs and reputational</div>\n<div class=\"t m0 x1a h4f y97b ff153 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">risk. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1002 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1003 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Disrupt<span class=\"_ _0\"></span>ive busi<span class=\"_ _0\"></span>ness mode<span class=\"_ _0\"></span>ls disrupt<span class=\"_ _0\"></span> certain b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s markets by<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1004 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">address<span class=\"_ _2b\"></span>ing unmet custome<span class=\"_ _2b\"></span>r needs or new demands w<span class=\"_ _2b\"></span>hich have been</div>\n<div class=\"t m0 x1a h4f y1005 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">ignore<span class=\"_ _0\"></span>d by the leadin<span class=\"_ _2b\"></span>g providers. Disr<span class=\"_ _0\"></span>uptive bu<span class=\"_ _0\"></span>siness m<span class=\"_ _0\"></span>odels are of<span class=\"_ _0\"></span>ten</div>\n<div class=\"t m0 x1a h4f y1006 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">powere<span class=\"_ _0\"></span>d by produc<span class=\"_ _0\"></span>t/servi<span class=\"_ _0\"></span>ce innovat<span class=\"_ _2b\"></span>ion which helps the<span class=\"_ _2b\"></span>m <span class=\"_ _2\"></span>cre<span class=\"_ _0\"></span>ate a new</div>\n<div class=\"t m0 x1a h4f y1007 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">niche wit<span class=\"_ _0\"></span>hin an exis<span class=\"_ _0\"></span>ting mark<span class=\"_ _0\"></span>et or create<span class=\"_ _0\"></span> a new market a<span class=\"_ _0\"></span>ltogeth<span class=\"_ _0\"></span>er. This</div>\n<div class=\"t m0 x1a h4f y1008 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">could be <span class=\"_ _0\"></span>in the f<span class=\"_ _0\"></span>orm of o<span class=\"_ _0\"></span>ne of th<span class=\"_ _0\"></span>e big (GA<span class=\"_ _0\"></span>FA) tec<span class=\"_ _0\"></span>h compan<span class=\"_ _0\"></span>ies ent<span class=\"_ _0\"></span>ering</div>\n<div class=\"t m0 x1a h4f y1009 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the direc<span class=\"_ _0\"></span>t insur<span class=\"_ _2b\"></span>ance market, u<span class=\"_ _0\"></span>tilisi<span class=\"_ _0\"></span>ng the wea<span class=\"_ _0\"></span>lth of d<span class=\"_ _0\"></span>ata the<span class=\"_ _0\"></span>y have</div>\n<div class=\"t m0 x1a h4f y100a ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>d on indivi<span class=\"_ _0\"></span>duals to de<span class=\"_ _0\"></span>termine t<span class=\"_ _2b\"></span>he level of risk and pri<span class=\"_ _0\"></span><span class=\"lsfb wsfa\">ce </span></div>\n<div class=\"t m0 x1a h4f y100b ff153 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">accordingly<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y100c ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y100d ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce comp<span class=\"_ _0\"></span>anies s<span class=\"_ _0\"></span>hould int<span class=\"_ _2b\"></span>egrate effect<span class=\"_ _0\"></span>ive &amp; r<span class=\"_ _0\"></span>egular<span class=\"_ _0\"></span> custome<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f y100e ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">communication<span class=\"_ _2\"></span>/touchpoint strategies (whils<span class=\"_ _2\"></span>t data can help to understand</div>\n<div class=\"t m0 x1a h4f y100f ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">custome<span class=\"_ _2b\"></span>r needs &amp; tailor comm<span class=\"_ _0\"></span>unicati<span class=\"_ _2b\"></span>ons respectively<span class=\"_ _0\"></span>, adopti<span class=\"_ _0\"></span>ng the right</div>\n<div class=\"t m0 x1a h4f y1010 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">tone of comm<span class=\"_ _2b\"></span>unication, usin<span class=\"_ _2b\"></span>g relevant media de<span class=\"_ _0\"></span>pendin<span class=\"_ _0\"></span>g on the target<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1011 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">audience, <span class=\"_ _2\"></span>simplifying communications<span class=\"_ _2\"></span>/messages, and in<span class=\"_ _2\"></span>tegrating</div>\n<div class=\"t m0 x1a h4f y1012 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reliabl<span class=\"_ _0\"></span>e custo<span class=\"_ _0\"></span>mer supp<span class=\"_ _0\"></span>ort syst<span class=\"_ _0\"></span>ems ca<span class=\"_ _0\"></span>n further <span class=\"_ _2b\"></span>strengthen t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y1013 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">communication<span class=\"_ _2\"></span> / touchpoint strategy).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1014 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1015 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A more recent trend<span class=\"_ _2\"></span> is \u201cadjacent innovation\u201d<span class=\"_ _2\"></span> where existing financial</div>\n<div class=\"t m0 x1a h4f y1016 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">services companies<span class=\"_ _2\"></span> adapt their current produc<span class=\"_ _2\"></span>ts to take them to new</div>\n<div class=\"t m0 x1a h4f y1017 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">markets and digi<span class=\"_ _2\"></span>tal channels or create new<span class=\"_ _2\"></span> digital products for exis<span class=\"_ _2\"></span>ting</div>\n<div class=\"t m0 x1a h4f y1018 ff153 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">markets. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1019 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y101a ff153 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Hyper<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">personalizat<span class=\"_ _2b\"></span>ion is that part of the cus<span class=\"_ _0\"></span>tomer ex<span class=\"_ _0\"></span>perienc<span class=\"_ _0\"></span>e that </span></span></div>\n<div class=\"t m0 x1a h4f y101b ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">relates<span class=\"_ _0\"></span> to the us<span class=\"_ _2b\"></span>e of data to prov<span class=\"_ _0\"></span>ide cus<span class=\"_ _0\"></span>tomers w<span class=\"_ _0\"></span>ith hig<span class=\"_ _0\"></span>hly perso<span class=\"_ _2b\"></span>nalised,</div>\n<div class=\"t m0 x1a h4f y101c ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">target<span class=\"_ _0\"></span>ed and relev<span class=\"_ _0\"></span>ant product<span class=\"_ _2b\"></span>s, services, and co<span class=\"_ _2b\"></span>ntent. Through hy<span class=\"_ _0\"></span>per<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y101d ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">person<span class=\"_ _0\"></span>alisati<span class=\"_ _0\"></span>on, com<span class=\"_ _0\"></span>panies <span class=\"_ _0\"></span>identify<span class=\"_ _0\"></span> the subt<span class=\"_ _2b\"></span>le details a<span class=\"_ _0\"></span>bout the<span class=\"_ _2b\"></span>ir</div>\n<div class=\"t m0 x1a h4f y101e ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">customers that t<span class=\"_ _2\"></span>raditional levels of personal<span class=\"_ _2\"></span>i<span class=\"lse0 wsf0\">satio<span class=\"_ _2b\"></span>n are yet to capture. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y101f ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1020 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Numerous Group t<span class=\"_ _2\"></span>ransversal initiatives ar<span class=\"_ _2\"></span>e underway to explore</div>\n<div class=\"t m0 x1a h4f y1021 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">opportu<span class=\"_ _0\"></span>nities a<span class=\"_ _0\"></span>nd mitigat<span class=\"_ _0\"></span>e risks. Th<span class=\"_ _0\"></span>ese incl<span class=\"_ _0\"></span>ude, but are not<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>lim<span class=\"_ _0\"></span>ited to,</div>\n<div class=\"t m0 x1a h4f y1022 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">custome<span class=\"_ _2b\"></span>r experience platf<span class=\"_ _2b\"></span>orm, health ecos<span class=\"_ _0\"></span>ystem,<span class=\"_ _0\"></span> digital pl<span class=\"_ _0\"></span>atforms n<span class=\"_ _2b\"></span>ew</div>\n<div class=\"t m0 x1a h4f y1023 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">engine, Impact24\u2026<span class=\"_ _2\"></span>A<span class=\"wsf1\">ddi<span class=\"wsfa\">tionally, many<span class=\"_ _2\"></span> local actions are<span class=\"_ _2\"></span> underway across </span></span></div>\n<div class=\"t m0 x1a h4f y1024 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas opera<span class=\"_ _2\"></span>ting companies. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y1025 ff155 fs3a fc1f sc0 lsf4 ws0\" style=\"z-index: 15;\">Robotics / AI / <span class=\"lse2 wsf1\">Technology</span><span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">(PESTLE category </span>\u2013<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">Techno<span class=\"_ _2b\"></span>logical)<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y1026 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Robotics, AI &amp; tec<span class=\"_ _2\"></span>hnology allow companies,<span class=\"_ _2\"></span> among others, to reduce</div>\n<div class=\"t m0 x1a h4f y1027 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cost<span class=\"_ _0\"></span> spent o<span class=\"_ _0\"></span>n routine <span class=\"_ _2b\"></span>work and refoc<span class=\"_ _2b\"></span>us certain empl<span class=\"_ _2b\"></span>oyees to more</div>\n<div class=\"t m0 x1a h4f y1028 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">creativ<span class=\"_ _0\"></span>e tasks (re<span class=\"_ _0\"></span>skillin<span class=\"_ _2b\"></span>g &amp; <span class=\"_ _2\"></span>ups<span class=\"_ _0\"></span>killing<span class=\"_ _0\"></span>).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1029 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y102a ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">AI has been<span class=\"_ _2\"></span> hailed as revolu<span class=\"_ _2\"></span>tionary and world <span class=\"_ _2\"></span>changing, but i<span class=\"_ _2\"></span>t is not</div>\n<div class=\"t m0 x1a h4f y102b ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">without it<span class=\"_ _2\"></span>s drawbacks. Concern<span class=\"_ _2\"></span>s of the macro <span class=\"_ _2\"></span>risks around A<span class=\"_ _2\"></span>I include</div>\n<div class=\"t m0 x1a h4f y102c ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">privacy <span class=\"_ _0\"></span>violat<span class=\"_ _0\"></span>ions, \u2018D<span class=\"_ _0\"></span>eep Fak<span class=\"_ _0\"></span>es\u2019, al<span class=\"_ _0\"></span>gorithmi<span class=\"_ _2b\"></span>c bias, job <span class=\"lse2 ws103\">losses through </span></div>\n<div class=\"t m0 x1a h4f y102d ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">automation, <span class=\"_ _2\"></span>socioeconomic inequali<span class=\"_ _2\"></span>ty and even weapon<span class=\"_ _2\"></span> automation.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 265px; height: 841px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 265px; height: 841px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y1030 ff158 fs3a fc1e sc0 ls10d wsfa\" style=\"z-index: 15;\">That said, the list<span class=\"_ _0\"></span> of new upcoming t<span class=\"_ _0\"></span>echnologies and s<span class=\"_ _0\"></span>cientific</div>\n<div class=\"t m0 x7 h4f y1031 ff158 fs3a fc1e sc0 ls10d wsfa\" style=\"z-index: 15;\">breakthroughs is<span class=\"_ _0\"></span> relentless an<span class=\"_ _0\"></span>d unfolding on m<span class=\"_ _0\"></span>any fronts and is eve<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x7 h4f y1032 ff158 fs3a fc1e sc0 ls10d wsfa\" style=\"z-index: 15;\">further acceler<span class=\"_ _0\"></span>ated by the Covid<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls10d wsfa\">19 sanit<span class=\"_ _0\"></span>ary crisis. Alth<span class=\"_ _0\"></span>ough not all </span></span></div>\n<div class=\"t m0 x7 h4f y1033 ff158 fs3a fc1e sc0 ls10d wsfa\" style=\"z-index: 15;\">advances can be bi<span class=\"_ _2b\"></span>lled as a breakthrough, some t<span class=\"_ _0\"></span>echnologies m<span class=\"_ _0\"></span>ay have</div>\n<div class=\"t m0 x7 h4f y1034 ff158 fs3a fc1e sc0 ls10d wsfa\" style=\"z-index: 15;\">the potential to alt<span class=\"_ _0\"></span>er the way people liv<span class=\"_ _2b\"></span>e and work and lead to entirely n<span class=\"_ _0\"></span>ew</div>\n<div class=\"t m0 x7 h4f y1035 ff158 fs3a fc1e sc0 ls10d wsfa\" style=\"z-index: 15;\">products and se<span class=\"_ _0\"></span>rvices.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h65 y1036 ff15a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1037 ff158 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">Group transver<span class=\"_ _2\"></span>sa<span class=\"lse0 wsf0\">l init<span class=\"_ _2b\"></span>iatives are under<span class=\"_ _2b\"></span>way to explore opport<span class=\"_ _2b\"></span>unities and </span></div>\n<div class=\"t m0 x1a h4f y1038 ff158 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">mitigat<span class=\"_ _0\"></span>e risks. Th<span class=\"_ _0\"></span>ese incl<span class=\"_ _0\"></span>ude, but are not<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>lim<span class=\"_ _0\"></span>ited to, AI a<span class=\"_ _2b\"></span>nd Robotics</div>\n<div class=\"t m0 x1a h4f yd13 ff158 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">communi<span class=\"_ _0\"></span>ties, Dat<span class=\"_ _2b\"></span>a Management and<span class=\"_ _0\"></span> Govern<span class=\"_ _0\"></span>ance Taskf<span class=\"_ _2b\"></span>orce, Smart</div>\n<div class=\"t m0 x1a h4f yd14 ff158 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">automation, crea<span class=\"_ _2\"></span>ting business value with<span class=\"_ _2\"></span> technology training progr<span class=\"_ _2\"></span>am<span class=\"lsf4 ws10c\">, </span></div>\n<div class=\"t m0 x1a h4f yd15 ff158 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Data robot<span class=\"_ _2\"></span> project\u2026<span class=\"ls0 ws0\"> </span>Additionall<span class=\"_ _2\"></span>y, Ageas operating<span class=\"_ _2\"></span> companies are</div>\n<div class=\"t m0 x1a h4f yd16 ff158 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">monitoring thi<span class=\"_ _2\"></span>s trend through local governance<span class=\"_ _2\"></span>, within external forums</div>\n<div class=\"t m0 x1a h4f yc7b ff158 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">and confer<span class=\"_ _2b\"></span>ences, and in some cas<span class=\"_ _2b\"></span>es, AI and new techno<span class=\"_ _0\"></span>logy is alr<span class=\"_ _0\"></span>eady</div>\n<div class=\"t m0 x1a h4f yd17 ff158 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">integrat<span class=\"_ _2b\"></span>ed as part of busines<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">as</span>-</span>usual activit<span class=\"_ _0\"></span>ies<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yd18 ff158 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yd19 ff158 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8cd ff158 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8ce ff158 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">The Grou<span class=\"_ _0\"></span>p Emergi<span class=\"_ _0\"></span>ng Risk Rad<span class=\"_ _0\"></span>ar below refl<span class=\"_ _2b\"></span>ects the emergin<span class=\"_ _0\"></span>g risks most r<span class=\"_ _2b\"></span>elevant to business<span class=\"_ _0\"></span> activit<span class=\"_ _0\"></span>ies that hav<span class=\"_ _2b\"></span>e been identified as pa<span class=\"_ _2b\"></span>rt of the <span class=\"lse2 wsf1\">202<span class=\"ls0 ws0\">2<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y882 ff158 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Emerging Ri<span class=\"_ _2\"></span>sk Process:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m2 x126 h95 y106f ff15f fs5f fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Proximity</div>\n<div class=\"t m2 x8c h95 y106c ff15f fs5f fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">0-3 Years<span class=\"_ _1f2\"> </span>3 to 5 Years<span class=\"_ _18e\"> </span>More than 5 Years</div>\n<div class=\"t m2 x25b h95 y1064 ff15f fs5f fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">High<span class=\"_ _12e\"> </span>Medium<span class=\"_ _17d\"> </span>Low</div>\n<div class=\"t m0 xa4 h95 y106b ff15f fs5f fc16 sc0 ls0 ws0\" style=\"z-index: 15;\">Analyse</div>\n<div class=\"t m0 x242 h95 y1069 ff15f fs5f fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Aware<span class=\"_ _20f\"></span>Aware</div>\n<div class=\"t m0 x24b h97 y1071 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Mobility as a Service</div>\n<div class=\"t m0 x29 h97 y1073 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Demographic change</div>\n<div class=\"t m0 xd3 h97 y1072 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Internet of Things</div>\n<div class=\"t m0 xb3 h95 y1067 ff15f fs5f fc15 sc0 ls0 ws0\" style=\"z-index: 15;\">Act</div>\n<div class=\"t m0 x9e h97 y1078 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Big Data / Data accessibility,</div>\n<div class=\"t m0 xfc h97 y1079 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> availability &amp; ethical use</div>\n<div class=\"t m0 xb3 h97 y107a ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Reskilling &amp; Upskilling</div>\n<div class=\"t m0 x25c h95 y106a ff15f fs5f fc16 sc0 ls0 ws0\" style=\"z-index: 15;\">Analyse</div>\n<div class=\"t m0 x25c h97 y1070 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Future of health</div>\n<div class=\"t m0 x242 h95 y1068 ff15f fs5f fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Aware</div>\n<div class=\"t m0 xb3 h95 y1066 ff15f fs5f fc15 sc0 ls0 ws0\" style=\"z-index: 15;\">Act</div>\n<div class=\"t m0 x9c h95 y1066 ff15f fs5f fc15 sc0 ls0 ws0\" style=\"z-index: 15;\">Act<span class=\"_ _1a6\"> </span><span class=\"fc16\">Analyse</span></div>\n<div class=\"t md xf3 h97 y1074 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Geo-political instability / Trade wars<span class=\"_ _bb\"> </span>Driving Technology</div>\n<div class=\"t md x25e h97 y1075 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">New customer needs &amp;</div>\n<div class=\"t md x25e h97 y1076 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">expectations</div>\n<div class=\"t md x25e h97 y1077 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Robotics / AI  / Technology</div>\n<div class=\"t m0 x6 h95 y1065 ff15f fs5f fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Major</div>\n<div class=\"t m0 xff h95 y1065 ff15f fs5f fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Moderate<span class=\"_ _12a\"> </span>Minor</div>\n<div class=\"t m0 x25d h96 y106d ff160 fs60 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Political<span class=\"_ _ae\"> </span><span class=\"fc14\">E<span class=\"_ _0\"></span>conomic<span class=\"_ _1b8\"> </span><span class=\"fc15\">S<span class=\"_ _2\"></span>ocial<span class=\"_ _1b8\"> </span><span class=\"fc18\">T<span class=\"_ _0\"></span>echnology<span class=\"_ _5d\"> </span><span class=\"fc17\">Legal<span class=\"_ _ae\"> </span><span class=\"fc16\">Environmental</span></span></span></span></span></div>\n<div class=\"t m0 x59 h95 y106e ff15f fs5f fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Impact</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 239px; height: 867px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 239px; height: 867px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff15b fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.6.3<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"ff15d ls105 ws120\">S<span class=\"_ _2\"></span>potlight:<span class=\"_ _2\"></span></span>  </span></div>\n<div class=\"t m0 x7 h4f y803 ff15b fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Climat<span class=\"_ _0\"></span>e Chang<span class=\"_ _0\"></span>e Risk As<span class=\"_ _0\"></span>sessme<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y804 ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">The main risks<span class=\"_ _2\"></span> that Ageas <span class=\"wsf1\">are<span class=\"ls0 ws0\"> </span></span>exposed to from<span class=\"_ _2\"></span> climate change are</div>\n<div class=\"t m0 x7 h4f y805 ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">credit risk, mar<span class=\"_ _2\"></span>ket risk, general insurance<span class=\"_ _2\"></span> and life insurance risk<span class=\"_ _2\"></span><span class=\"wsfa\">, and </span></div>\n<div class=\"t m0 x7 h4f y806 ff15b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">m<span class=\"lse0 wsfa\">odelling t<span class=\"_ _2b\"></span>he effects of cli<span class=\"_ _2b\"></span>mate risk on o<span class=\"_ _0\"></span>ur portf<span class=\"_ _0\"></span>olios is<span class=\"_ _0\"></span> an impo<span class=\"_ _0\"></span>rtant </span></div>\n<div class=\"t m0 x7 h4f y807 ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">focus are<span class=\"_ _0\"></span>a as underst<span class=\"_ _2b\"></span>anding and manag<span class=\"_ _0\"></span>ing climat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>im<span class=\"_ _0\"></span>pacts will be</div>\n<div class=\"t m0 x7 h4f y808 ff15b fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">essenti<span class=\"_ _0\"></span>al <span class=\"ls102 ws11d\">in </span><span class=\"wsfa\">forming st<span class=\"_ _0\"></span>rategic r<span class=\"_ _2b\"></span>esponses and <span class=\"_ _0\"></span><span class=\"lse2\">maintaining o<span class=\"_ _2\"></span>ur long<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">term </span></span></span></div>\n<div class=\"t m0 x7 h4f y809 ff15b fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">resilie<span class=\"_ _0\"></span>nce. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y103a ff15b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y103b ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Followi<span class=\"_ _2b\"></span>ng <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e first incl<span class=\"_ _0\"></span>usion of dif<span class=\"_ _0\"></span>ferent<span class=\"_ _0\"></span> climate cha<span class=\"_ _2b\"></span>nge scenarios in ou<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f y103c ff15b fs3a fc1e sc0 lse1 ws104\" style=\"z-index: 15;\">2021 ORSA, this activity <span class=\"lse2 wsf1\">has <span class=\"lse0 wsef\">continu<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\">d<span class=\"_ _2\"></span> </span><span class=\"wsf0\">to be refi<span class=\"_ _0\"></span>ned<span class=\"ls0 ws0\">. <span class=\"lse2 ws103\">The s<span class=\"wsf1\">cenari<span class=\"_ _2\"></span>os, </span></span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y103d ff15b fs3a fc1e sc0 lsf4 ws0\" style=\"z-index: 15;\">that co<span class=\"lse2 wsf1\">ver <span class=\"wsfa\">medium<span class=\"_ _2\"></span> to <span class=\"ws103\">longer term time h<span class=\"_ _2\"></span>orizons, seek to better </span></span></span></div>\n<div class=\"t m0 x1a h4f y103e ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">underst<span class=\"_ _2b\"></span>and potential imp<span class=\"_ _2b\"></span>acts of both Transit<span class=\"_ _0\"></span>ion <span class=\"ls0 ws0\">R<span class=\"lse1 ws11d\">isk and Physical Risk </span></span></div>\n<div class=\"t m0 x1a h4f y103f ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">on our asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilities<span class=\"ls0 ws0\">.</span></div>\n<div class=\"t m0 x7 h4f y1040 ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">For the p<span class=\"_ _2b\"></span>urposes of th<span class=\"_ _0\"></span>e ORSA, t<span class=\"_ _2b\"></span>he focus Group<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">wide was t<span class=\"_ _2\"></span>he following two transmis<span class=\"_ _2\"></span>sion channels:</span> </span></div>\n<div class=\"t m0 x49 h98 y107b ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransition Risk</div>\n<div class=\"t m0 xe6 h98 y107c ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">&amp; Phy<span class=\"_ _2b\"></span>sical Risk</div>\n<div class=\"t m0 x130 h98 y107b ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Changing</div>\n<div class=\"t m0 x24f h98 y107c ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">econom<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 xed h98 y107b ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Inv<span class=\"_ _2b\"></span>estments</div>\n<div class=\"t m0 x65 h98 y107c ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">&amp; ALM</div>\n<div class=\"t m0 x25f h98 y107f ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Phy<span class=\"_ _2b\"></span>sical Risk</div>\n<div class=\"t m0 xbc h99 y107d ff161 fs63 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Changing</div>\n<div class=\"t m0 xc4 h99 y107e ff161 fs63 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">weather patt<span class=\"_ _0\"></span>erns</div>\n<div class=\"t m0 x117 h98 y1080 ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Natural</div>\n<div class=\"t m0 xf h98 y1081 ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Catastrop<span class=\"_ _2b\"></span>he Risk</div>\n<div class=\"t m0 x7 h4f y1044 ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">For an insur<span class=\"_ _2b\"></span>ance group like Age<span class=\"_ _0\"></span>as, <span class=\"ls0 ws0\">T<span class=\"lse2 wsf1\">ransition<span class=\"_ _2\"></span> </span>R</span><span class=\"wsfa\">isk, lik<span class=\"_ _2b\"></span>ely to arise fr<span class=\"_ _0\"></span>om </span></div>\n<div class=\"t m0 x7 h4f y1045 ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">extensive poli<span class=\"_ _2\"></span>cy, technology, market, and<span class=\"_ _2\"></span> customer behaviour changes,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y1046 ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">lies pre<span class=\"_ _0\"></span>domina<span class=\"_ _0\"></span>ntly on t<span class=\"_ _0\"></span>he asset<span class=\"_ _0\"></span> side o<span class=\"_ _0\"></span>f the ba<span class=\"_ _0\"></span>lance sh<span class=\"_ _0\"></span>eet via m<span class=\"_ _0\"></span>aterial</div>\n<div class=\"t m0 x7 h4f y1047 ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on c<span class=\"lse2 ws103\">hanges, stranded assets and<span class=\"_ _2\"></span> changes in default rates as a<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1048 ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">result of the<span class=\"_ _2\"></span> shift towards a low<span class=\"ls0 ws0\">-</span>carbon<span class=\"_ _2\"></span> economy. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1049 ff15b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y104a ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">For investmen<span class=\"_ _2\"></span>ts, Ageas integrates sustainab<span class=\"_ _2\"></span>ility (environment, social<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y104b ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">and gov<span class=\"_ _0\"></span>ernance<span class=\"_ _0\"></span>) criteri<span class=\"_ _2b\"></span>a in its researc<span class=\"_ _2b\"></span>h and investm<span class=\"_ _0\"></span>ent proce<span class=\"_ _2b\"></span>sses. It</div>\n<div class=\"t m0 x7 h4f y104c ff15b fs3a fc1e sc0 ls102 ws129\" style=\"z-index: 15;\">has im<span class=\"lse0 wsfa\">plemented a<span class=\"_ _2b\"></span> Responsible I<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nt Fram<span class=\"_ _0\"></span>ework (<span class=\"_ _0\"></span>RIF) to </span></div>\n<div class=\"t m0 x7 h4f y104d ff15b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">integrate <span class=\"_ _2\"></span>sustainability risks <span class=\"_ _2\"></span>in investment decisio<span class=\"_ _2\"></span>ns based on bo<span class=\"_ _2\"></span>th</div>\n<div class=\"t m0 x7 h4f y104e ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">exclusions pol<span class=\"_ _2\"></span>icies and ESG scoring methodol<span class=\"_ _2\"></span>ogies that focus</div>\n<div class=\"t m0 x7 h4f y104f ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent on assets with an ov<span class=\"_ _0\"></span>erall bett<span class=\"_ _0\"></span>er ESG perfo<span class=\"_ _2b\"></span>rmance and lower</div>\n<div class=\"t m0 x7 h4f y1050 ff15b fs3a fc1e sc0 lse1 wsf0\" style=\"z-index: 15;\">su<span class=\"lse0 wsfa\">staina<span class=\"_ _0\"></span>bility r<span class=\"_ _0\"></span>isks. Th<span class=\"_ _0\"></span>e RIF cov<span class=\"_ _2b\"></span>ers ESG integr<span class=\"_ _0\"></span>ation, <span class=\"_ _0\"></span>impact i<span class=\"_ _0\"></span>nvestin<span class=\"_ _0\"></span>g, </span></div>\n<div class=\"t m0 x7 h4f y1051 ff15b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">exclusion <span class=\"_ _2\"></span>screening, net zero<span class=\"_ _2\"></span> targets, and en<span class=\"_ _2\"></span>gagement. In 2022 A<span class=\"_ _2\"></span>geas</div>\n<div class=\"t m0 x1a h4f y1052 ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">also becam<span class=\"_ _2b\"></span>e a <span class=\"_ _2\"></span>me<span class=\"_ _0\"></span>mber of the Net<span class=\"_ _0\"></span> Zero Asset<span class=\"_ _0\"></span> Owner All<span class=\"_ _0\"></span>iance</div>\n<div class=\"t m0 x1a h4f y1053 ff15b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">committing <span class=\"_ _2\"></span>to reducing finan<span class=\"_ _2\"></span>ced emissions by 50<span class=\"_ _2\"></span>% by 2030 an<span class=\"ls106 ws115\">d fully </span></div>\n<div class=\"t m0 x1a h4f y1054 ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">decarbonising<span class=\"_ _2\"></span> the portfolio by 2050.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1055 ff15b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1056 ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Acute a<span class=\"_ _0\"></span>nd <span class=\"ls0 ws0\">c</span><span class=\"wsf0\">hronic P<span class=\"_ _0\"></span>hysical Ris<span class=\"_ _2b\"></span>k<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>associ<span class=\"_ _2b\"></span>ated with an incre<span class=\"_ _0\"></span>ase in claim<span class=\"_ _0\"></span>s </span></div>\n<div class=\"t m0 x1a h4f y1057 ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">and losses, imp<span class=\"_ _2\"></span>acts our underwriting liabili<span class=\"_ _2\"></span>ties through changes in</div>\n<div class=\"t m0 x1a h4f y1058 ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">demand f<span class=\"_ _2b\"></span>or products and <span class=\"_ _0\"></span>servic<span class=\"_ _0\"></span>es and c<span class=\"_ _2b\"></span>hanges in loss <span class=\"_ _0\"></span>ratios / <span class=\"_ _0\"></span>profits.<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1059 ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">The clim<span class=\"_ _0\"></span>ate<span class=\"ls0 ws0\">-</span><span class=\"lse2\">related peril<span class=\"_ _2\"></span>s most relevant t<span class=\"_ _2\"></span>o Ageas\u2019s underwriting<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y105a ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">portfol<span class=\"_ _0\"></span>ios are f<span class=\"_ _2b\"></span>lood, windsto<span class=\"_ _0\"></span>rm, sub<span class=\"_ _0\"></span>sidence,<span class=\"_ _0\"></span> wildfi<span class=\"_ _2b\"></span>re, heatwave a<span class=\"_ _2b\"></span>nd, to a</div>\n<div class=\"t m0 x1a h4f y105b ff15b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">lesser degre<span class=\"_ _2\"></span>e, airborne pollu<span class=\"_ _2\"></span>tion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y105c ff15b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y105d ff15b fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ls0 ws0\">c<span class=\"lsfc ws115\">l<span class=\"_ _2\"></span>imate</span>-<span class=\"_ _2\"></span></span><span class=\"ws103\">related stress tests<span class=\"_ _2\"></span> performed as part of the ORSA loo<span class=\"_ _2\"></span>k at a </span></div>\n<div class=\"t m0 x1a h4f y105e ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">number o<span class=\"lsf4 ws10c\">f <span class=\"lsfc ws115\">these<span class=\"ls0 ws0\"> </span></span></span><span class=\"wsfa\">perils to bett<span class=\"_ _0\"></span>er unders<span class=\"_ _0\"></span>tand me<span class=\"_ _0\"></span>dium t<span class=\"_ _0\"></span>o long te<span class=\"_ _0\"></span>rm<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y105f ff15b fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">potenti<span class=\"_ _0\"></span>al <span class=\"lse2 wsfa\">impacts and<span class=\"_ _2\"></span> identify appropriate <span class=\"_ _2\"></span>actions.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 331px; height: 775px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 331px; height: 775px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The first tr<span class=\"_ _2b\"></span>ansmission cha<span class=\"_ _0\"></span>nnel relat<span class=\"_ _0\"></span>es to the (m<span class=\"_ _0\"></span>acro<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">)economic impact of<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">climate <span class=\"_ _0\"></span>change t<span class=\"_ _2b\"></span>hrough its eff<span class=\"_ _0\"></span>ects on <span class=\"_ _0\"></span>the pric<span class=\"_ _0\"></span>es of fi<span class=\"_ _0\"></span>nancial <span class=\"_ _0\"></span>assets an<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x7 h4f y804 ff162 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">macro<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">economic vari<span class=\"_ _0\"></span>ables suc<span class=\"_ _0\"></span>h as interest<span class=\"_ _0\"></span> rates and inf<span class=\"_ _2b\"></span>lation. </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Furtherm<span class=\"_ _2b\"></span>ore, specific ty<span class=\"_ _0\"></span>pes of asset<span class=\"_ _0\"></span>s could be se<span class=\"_ _0\"></span>e a signific<span class=\"_ _2b\"></span>ant</div>\n<div class=\"t m0 x7 h4f y806 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">decreas<span class=\"_ _2b\"></span>e in value, eit<span class=\"_ _0\"></span>her thr<span class=\"_ _0\"></span>ough a hi<span class=\"_ _0\"></span>gher cos<span class=\"_ _0\"></span>t of ca<span class=\"_ _0\"></span>pi<span class=\"wsf0\">tal or a high<span class=\"_ _0\"></span>er </span></div>\n<div class=\"t m0 x7 h4f y807 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">perceiv<span class=\"_ _2b\"></span>ed risk by the nature of t<span class=\"_ _0\"></span>heir activ<span class=\"_ _0\"></span>ities or the<span class=\"_ _2b\"></span>ir location. This c<span class=\"_ _0\"></span>ould</div>\n<div class=\"t m0 x7 h4f y808 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">directly impa<span class=\"_ _2\"></span>ct Ageas and its subsidiarie<span class=\"_ _2\"></span>s through changes in value in i<span class=\"_ _2\"></span>ts</div>\n<div class=\"t m0 x7 h4f y809 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment port<span class=\"_ _2\"></span>folio, as well the economic val<span class=\"_ _2\"></span>ue of its insurance</div>\n<div class=\"t m0 x7 h4f y80a ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities,<span class=\"_ _2\"></span> on long<span class=\"ws103\">er time hori<span class=\"_ _2\"></span>zons.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The second trans<span class=\"_ _2\"></span>mission channel relates to<span class=\"_ _2\"></span> geophysical changes</div>\n<div class=\"t m0 x7 h4f y80d ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">triggered <span class=\"_ _2\"></span>by changing clima<span class=\"_ _2\"></span>te conditions. Agea<span class=\"_ _2\"></span>s and its subsidiar<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h4f y80e ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">underwrite insura<span class=\"_ _2\"></span>nce covers related to sp<span class=\"_ _2\"></span>ecific perils, whose frequen<span class=\"_ _2\"></span>cy</div>\n<div class=\"t m0 x7 h4f y80f ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and/or severit<span class=\"_ _2\"></span>y can be <span class=\"wsfa\">adversely impacted<span class=\"_ _2\"></span>. These perils a<span class=\"_ _2\"></span>re mainly </span></div>\n<div class=\"t m0 x7 h4f y810 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">covered by<span class=\"_ _0\"></span> Non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life ins<span class=\"_ _2b\"></span>urance contr<span class=\"_ _0\"></span>acts, how<span class=\"_ _2b\"></span>ever changes i<span class=\"_ _2b\"></span>n mortality </span></div>\n<div class=\"t m0 x7 h4f y90a ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rates mig<span class=\"_ _0\"></span>ht also impa<span class=\"_ _0\"></span>ct Life ins<span class=\"_ _0\"></span>urance<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90b ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90c ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Based on the a<span class=\"_ _2b\"></span>bove, two series of st<span class=\"_ _2b\"></span>udies were perfor<span class=\"_ _0\"></span>med for the 2<span class=\"_ _0\"></span>022</div>\n<div class=\"t m0 x7 h4f y90d ff162 fs3a fc14 sc0 ls107 ws122\" style=\"z-index: 15;\">ORSA:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90e ff164 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff165\"> <span class=\"_ _46\"> </span><span class=\"ff162 lse2 wsfa\">A<span class=\"_ _2\"></span> Group</span><span class=\"ff162\">-<span class=\"lse1 ws104\">wide stress test <span class=\"lse0 wsf0\">for the Eu<span class=\"_ _0\"></span>ropean co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed entities, </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y90f ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">whereby a l<span class=\"_ _2\"></span>ong<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term proj<span class=\"_ _0\"></span>ection of in<span class=\"_ _2b\"></span>vestment asset<span class=\"_ _0\"></span>s and the ALM </span></span></div>\n<div class=\"t m0 x43 h4f y910 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">position w<span class=\"_ _2\"></span>as performed under <span class=\"_ _2\"></span>different climate<span class=\"_ _2\"></span> scenarios.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y911 ff164 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff165\"> <span class=\"_ _46\"> </span><span class=\"ff162 lse0 wsf0\">A number of specific<span class=\"_ _0\"></span> analyses<span class=\"_ _0\"></span>, both qua<span class=\"_ _0\"></span>ntitativ<span class=\"_ _2b\"></span>e and qualitative,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x43 h4f y912 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">relating t<span class=\"_ _2\"></span>o underwriting lia<span class=\"lse0 wsf0\">bility exposu<span class=\"_ _0\"></span>res.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h55 yb2b ff166 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Scenari<span class=\"_ _0\"></span>o Definit<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The stress<span class=\"_ _0\"></span> test rela<span class=\"_ _0\"></span>ted to Invest<span class=\"_ _2b\"></span>ments and ALM is <span class=\"ls0 ws0\">a </span>further d<span class=\"_ _0\"></span>evelopm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x7 h4f yb2d ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the Cl<span class=\"_ _0\"></span>imate st<span class=\"_ _2b\"></span>ress test perf<span class=\"_ _0\"></span>ormed f<span class=\"_ _2b\"></span>or the 2021 ORS<span class=\"_ _0\"></span>A, whic<span class=\"_ _0\"></span>h itself w<span class=\"_ _2b\"></span>as</div>\n<div class=\"t m0 x7 h4f y962 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">inspired b<span class=\"_ _2\"></span>y the PRA\u2019s 2021 <span class=\"_ _2\"></span>Biennial Exploratory<span class=\"_ _2\"></span> Scenario. Whereas <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x7 h4f y963 ff162 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">202<span class=\"lse0 wsfa\">1 ORSA st<span class=\"_ _0\"></span>ress test<span class=\"_ _0\"></span> took t<span class=\"_ _0\"></span>he PRA\u2019s<span class=\"_ _0\"></span> stress f<span class=\"_ _2b\"></span>actors as a sta<span class=\"_ _2b\"></span>rting point, </span></div>\n<div class=\"t m0 x7 h4f y964 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for the 202<span class=\"_ _0\"></span>2 ORSA, Age<span class=\"_ _0\"></span>as used mac<span class=\"_ _0\"></span>ro<span class=\"ls0 ws0\">-</span>econom<span class=\"_ _0\"></span>ic and finan<span class=\"_ _0\"></span>cial</div>\n<div class=\"t m0 x7 h4f y965 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">projections p<span class=\"_ _2\"></span>rovided by Moody<span class=\"_ _2\"></span>\u2019s Analytics. The<span class=\"_ _2\"></span> initial input us<span class=\"_ _2\"></span>ed was</div>\n<div class=\"t m0 x7 h4f y966 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">enhanc<span class=\"_ _0\"></span>ed using in<span class=\"ls0 ws0\">-</span>hous<span class=\"_ _2b\"></span>e methodology to ar<span class=\"_ _0\"></span>rive at more gr<span class=\"_ _2b\"></span>a<span class=\"lse2 ws103\">nula<span class=\"_ _2\"></span>r stress </span></div>\n<div class=\"t m0 x7 h4f y967 ff162 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">factors.</div>\n<div class=\"t m0 x13c h9a y1082 ff165 fs46 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1083 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1084 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The stre<span class=\"_ _0\"></span>ss test c<span class=\"_ _2b\"></span>onsisted of t<span class=\"_ _0\"></span>hree alt<span class=\"_ _0\"></span>ernate c<span class=\"_ _2b\"></span>limate scenari<span class=\"_ _2b\"></span>os which</div>\n<div class=\"t m0 x7 h4f y1085 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">were compared to a ba<span class=\"_ _2\"></span>seline scenario. The time hor<span class=\"_ _2\"></span>izon considered was</div>\n<div class=\"t m0 x7 h4f y1086 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">2045. (<span class=\"_ _0\"></span>One pote<span class=\"_ _0\"></span>ntial f<span class=\"_ _0\"></span>uture d<span class=\"_ _0\"></span>evelopm<span class=\"_ _0\"></span>ent woul<span class=\"_ _2b\"></span>d be to lengthe<span class=\"_ _0\"></span>n the</div>\n<div class=\"t m0 x7 h4f y1087 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">project<span class=\"_ _0\"></span>ion horiz<span class=\"_ _0\"></span>on, noti<span class=\"_ _0\"></span>ng th<span class=\"wsfa\">at thi<span class=\"_ _0\"></span>s would <span class=\"_ _2b\"></span>however furt<span class=\"_ _0\"></span>her comp<span class=\"_ _0\"></span>ound </span></div>\n<div class=\"t m0 x7 h4f y1088 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ainties r<span class=\"_ _2b\"></span>elated to the s<span class=\"_ _0\"></span>cenari<span class=\"_ _0\"></span>o). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1089 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y108a ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The nar<span class=\"_ _0\"></span>rative un<span class=\"_ _2b\"></span>derlying the t<span class=\"_ _2b\"></span>hree scenario<span class=\"_ _0\"></span>s was th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y108b ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y108c ff164 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff165\"> <span class=\"_ _46\"> </span><span class=\"ff167 lse0 wsf0\">Early Policy Scen<span class=\"_ _2b\"></span>ario:<span class=\"ff162 ls0 ws0\"> <span class=\"lse2 ws103\">Policy<span class=\"_ _2\"></span> changes to shift to carbon neu<span class=\"_ _2\"></span>trality </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y108d ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in 2050 are e<span class=\"_ _0\"></span>nacted imm<span class=\"_ _2b\"></span>ediately. The<span class=\"_ _0\"></span>se pol<span class=\"wsfa\">icy c<span class=\"_ _2b\"></span>hanges (such a<span class=\"_ _0\"></span>s </span></div>\n<div class=\"t m0 x43 h4f y108e ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carbon pr<span class=\"_ _0\"></span>icing) ar<span class=\"_ _0\"></span>e reflect<span class=\"_ _2b\"></span>ed in asset prices and m<span class=\"_ _2b\"></span>acro<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">econom<span class=\"_ _2\"></span>ic </span></span></div>\n<div class=\"t m0 x43 h4f y108f ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">variabl<span class=\"_ _0\"></span>es and are gra<span class=\"_ _0\"></span>dually ab<span class=\"_ _0\"></span>sorbed ov<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e project<span class=\"_ _0\"></span>ion horiz<span class=\"_ _2b\"></span>on.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h4f y1090 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1091 ff164 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff165\"> <span class=\"_ _46\"> </span><span class=\"ff167 lse2 wsfa\">L<span class=\"_ _2\"></span>ate Policy Scenario:<span class=\"_ _2\"></span></span><span class=\"ff162\"> <span class=\"lse2 wsfa\">Policy changes <span class=\"_ _2\"></span>to shift to carb<span class=\"_ _2\"></span>on neutrality </span></span></span></div>\n<div class=\"t m0 x43 h4f y1092 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in 2050 are d<span class=\"_ _0\"></span>elayed till<span class=\"_ _0\"></span> 2031. The d<span class=\"_ _0\"></span><span class=\"wsfa\">elay caus<span class=\"_ _2b\"></span>es the transit<span class=\"_ _0\"></span>ion to </span></div>\n<div class=\"t m0 x43 h4f y1093 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">occur les<span class=\"_ _0\"></span>s grad<span class=\"_ _0\"></span>ually a<span class=\"_ _0\"></span>nd in a m<span class=\"_ _0\"></span>ore dis<span class=\"_ _0\"></span>orderly f<span class=\"_ _2b\"></span>ashion. This<span class=\"_ _0\"></span> leads to</div>\n<div class=\"t m0 x43 h4f y1094 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">a more abru<span class=\"_ _0\"></span>pt repricin<span class=\"_ _2b\"></span>g of assets and a more seve<span class=\"_ _2b\"></span>re shock to</div>\n<div class=\"t m0 x43 h4f y1095 ff162 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">macro<span class=\"ls0 ws0\">-</span><span class=\"ws103\">econo<span class=\"_ _2\"></span>mic variables. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1096 ff164 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff165\"> <span class=\"_ _46\"> </span><span class=\"ff167 lse0 wsf0\">Current Polic<span class=\"_ _0\"></span>y Scenario<span class=\"_ _0\"></span>:<span class=\"ff162 ls0 ws0\"> </span><span class=\"ff162\">No furthe<span class=\"_ _0\"></span>r policy act<span class=\"_ _2b\"></span>ions are taken, and </span></span></span></div>\n<div class=\"t m0 x25a h4f y1097 ff162 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">the<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">transition t<span class=\"_ _2b\"></span>o carbon neut<span class=\"_ _2b\"></span>rality does no<span class=\"_ _0\"></span>t occur.<span class=\"_ _0\"></span> Focus i<span class=\"_ _2b\"></span>s on </span></span></div>\n<div class=\"t m0 x25a h4f y1098 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">physical r<span class=\"_ _2\"></span>isks as climate <span class=\"_ _2\"></span>change continues un<span class=\"_ _2\"></span>challenged.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1099 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y109a ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The three scenari<span class=\"_ _2\"></span>os described above give ris<span class=\"_ _2\"></span>e to alternate trajectori<span class=\"_ _2\"></span>es of</div>\n<div class=\"t m0 x1a h4f y109b ff162 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">macro<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">economic var<span class=\"_ _0\"></span>iable s<span class=\"_ _0\"></span>uch as GD<span class=\"_ _2b\"></span>P, interest rat<span class=\"_ _2b\"></span>es, and infla<span class=\"wsf0\">t<span class=\"_ _2b\"></span>ion, as </span></span></span></div>\n<div class=\"t m0 x1a h4f y109c ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">well as asset<span class=\"_ _0\"></span> values<span class=\"_ _0\"></span> and other fina<span class=\"_ _2b\"></span>ncial variables.<span class=\"_ _0\"></span> These are t<span class=\"_ _0\"></span>hen</div>\n<div class=\"t m0 x1a h4f y109d ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">compared wi<span class=\"_ _2\"></span>th a so<span class=\"ls0 ws0\">-</span><span class=\"lse0\">called \u201cref<span class=\"_ _2b\"></span>erence scenar<span class=\"_ _2b\"></span>io\u201d, in which n<span class=\"_ _0\"></span>o climat<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x1a h4f y109e ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">change ef<span class=\"_ _0\"></span>fects exi<span class=\"_ _0\"></span>st. This all<span class=\"_ _0\"></span>ows for expr<span class=\"_ _2b\"></span>essing the climat<span class=\"_ _0\"></span>e effects as<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y109f ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">shocks t<span class=\"_ _0\"></span>o be appl<span class=\"_ _2b\"></span>ied to the exis<span class=\"_ _0\"></span>ting bal<span class=\"_ _0\"></span>ance she<span class=\"_ _2b\"></span>et. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10a0 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y10a1 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The scenarios ch<span class=\"_ _2\"></span>osen are inspired by the so<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>called Phase 2 scenario<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y10a2 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">publish<span class=\"_ _0\"></span>ed by the Net<span class=\"_ _0\"></span>work for Gr<span class=\"_ _2b\"></span>eenish the Financ<span class=\"_ _0\"></span>ial Syst<span class=\"_ _0\"></span>em (NGFS).<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y10a3 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Moody\u2019s<span class=\"_ _0\"></span> Analyti<span class=\"_ _0\"></span>cs used thes<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>sce<span class=\"_ _0\"></span>narios as<span class=\"_ _0\"></span> a starting p<span class=\"_ _0\"></span>oint for thei<span class=\"_ _2b\"></span>r</div>\n<div class=\"t m0 x1a h4f y10a4 ff162 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">macro<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">economic proj<span class=\"_ _0\"></span>ections,<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>usi<span class=\"_ _0\"></span>ng its own pro<span class=\"_ _0\"></span>prieta<span class=\"lse2 wsfa\">ry methodology. </span></span></span></div>\n<div class=\"t m0 x1a h4f y10a5 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas then enri<span class=\"_ _2\"></span>ched the scenarios produced<span class=\"_ _2\"></span> by Moody\u2019s with more</div>\n<div class=\"t m0 x1a h4f y10a6 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">granul<span class=\"_ _0\"></span>ar shocks,<span class=\"_ _0\"></span> in particul<span class=\"_ _2b\"></span>ar with regards to e<span class=\"_ _0\"></span>quities &amp; c<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>e bonds,</div>\n<div class=\"t m0 x1a h4f y10a7 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as well as<span class=\"_ _0\"></span> real es<span class=\"_ _0\"></span>tate. T<span class=\"_ _2b\"></span>his internal ov<span class=\"_ _2b\"></span>erlay was desig<span class=\"_ _2b\"></span>ned to better</div>\n<div class=\"t m0 x1a h4f y10a8 ff162 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reflect <span class=\"wsf0\">the c<span class=\"_ _0\"></span>limate s<span class=\"_ _0\"></span>ensitiv<span class=\"_ _0\"></span>ity of invest<span class=\"_ _2b\"></span>ment assets bas<span class=\"_ _0\"></span>ed on sector (f<span class=\"_ _2b\"></span>or </span></div>\n<div class=\"t m0 x1a h4f y10a9 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">equities and<span class=\"_ _2\"></span> corporate bonds) and physica<span class=\"_ _2\"></span>l characteristics (for real<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y10aa ff162 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">estate).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10ab ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y10ac ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The shocks<span class=\"_ _0\"></span> describe<span class=\"_ _0\"></span>d above wer<span class=\"_ _2b\"></span>e applied to the invest<span class=\"_ _2b\"></span>ment portfolio at<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y10ad ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a granul<span class=\"_ _2b\"></span>ar level. Furth<span class=\"_ _0\"></span>ermore, t<span class=\"_ _2b\"></span>he insurance l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies wer<span class=\"_ _0\"></span>e re<span class=\"lse2 wsf1\">valued </span></div>\n<div class=\"t m0 x1a h4f y10ae ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">through t<span class=\"_ _2b\"></span>he forecaste<span class=\"_ _0\"></span>d impact<span class=\"_ _0\"></span>s on the r<span class=\"_ _2b\"></span>isk<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">free curve. Loc<span class=\"_ _0\"></span>al entiti<span class=\"_ _0\"></span>es also </span></div>\n<div class=\"t m0 x1a h4f y10af ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reflect<span class=\"_ _2b\"></span>ed these shock<span class=\"_ _0\"></span>s in the<span class=\"_ _0\"></span>ir Solv<span class=\"_ _0\"></span>ency Cap<span class=\"_ _2b\"></span>ital Require<span class=\"_ _0\"></span>ment. Al<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x1a h4f y10b0 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">project<span class=\"_ _0\"></span>ions we<span class=\"_ _0\"></span>re done as<span class=\"_ _0\"></span>sumin<span class=\"_ _0\"></span>g a stati<span class=\"_ _2b\"></span>c balance sheet<span class=\"_ _0\"></span>, i.e. t<span class=\"_ _0\"></span>he same</div>\n<div class=\"t m0 x1a h4f y10b1 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">assets and<span class=\"_ _2\"></span> liabilities were <span class=\"_ _2\"></span>considered <span class=\"lse0 wsf0\">througho<span class=\"_ _0\"></span>ut the proj<span class=\"_ _0\"></span>ection ho<span class=\"_ _0\"></span>rizon.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y10b2 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y10b3 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">In the early poli<span class=\"_ _2\"></span>cy scenario, the climate t<span class=\"_ _2\"></span>ransition is considered<span class=\"_ _2\"></span> to be an</div>\n<div class=\"t m0 x1a h4f y10b4 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">exogen<span class=\"_ _0\"></span>ous shoc<span class=\"_ _0\"></span>k to inf<span class=\"_ _0\"></span>lation r<span class=\"_ _2b\"></span>ates. This so<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">call<span class=\"_ _0\"></span>ed \u201cgreenf<span class=\"_ _2b\"></span>lation\u201d causes </span></div>\n<div class=\"t m0 x1a h4f y10b5 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">central banks<span class=\"_ _2\"></span> to keep interest rates higher<span class=\"_ _2\"></span>, in order to anchor inflati<span class=\"wsf1\">on<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y10b6 ff162 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">expectat<span class=\"_ _2b\"></span>ions.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10b7 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y10b8 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Starting in 2026<span class=\"_ _2\"></span>, this exogenous shock push<span class=\"_ _2\"></span>es risk<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">free rates<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y10b9 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">substant<span class=\"_ _2b\"></span>ially higher, t<span class=\"_ _0\"></span>hrough t<span class=\"_ _2b\"></span>he transitio<span class=\"_ _0\"></span>n perio<span class=\"_ _0\"></span>d up to 2<span class=\"_ _0\"></span>035. In 20<span class=\"_ _0\"></span>45,</div>\n<div class=\"t m0 x1a h4f y10ba ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the shock is<span class=\"_ _2\"></span> considered to be absorbed and interes<span class=\"_ _2\"></span>t rates come down</div>\n<div class=\"t m0 x1a h4f y10bb ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">again to t<span class=\"_ _2b\"></span>heir equilibr<span class=\"_ _2b\"></span>ium state.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10bc ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y10bd ff162 fs3a fc14 sc0 ls137 ws129\" style=\"z-index: 15;\">In <span class=\"lse0 wsf0\">the late pol<span class=\"_ _0\"></span>icy scena<span class=\"_ _0\"></span>rio, ther<span class=\"_ _0\"></span>e is no shift in 20<span class=\"_ _0\"></span>26 as climat<span class=\"_ _2b\"></span>e policies </span></div>\n<div class=\"t m0 x1a h4f y10be ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are not y<span class=\"_ _2b\"></span>et into effect.<span class=\"_ _0\"></span> In 203<span class=\"_ _0\"></span>5, the i<span class=\"_ _0\"></span>nitial re<span class=\"_ _0\"></span>action <span class=\"_ _0\"></span>of cent<span class=\"_ _0\"></span>ral bank<span class=\"_ _0\"></span>s is to</div>\n<div class=\"t m0 x1a h4f y10bf ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">lower poli<span class=\"_ _2\"></span>cy rates, as the<span class=\"_ _2\"></span> sudden transition <span class=\"_ _2\"></span>shock prompts the n<span class=\"_ _2\"></span>eed for</div>\n<div class=\"t m0 x1a h4f y10c0 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">monetary suppo<span class=\"_ _2\"></span>rt. Afterwards, i<span class=\"_ _2\"></span><span class=\"ws103\">nterest rates rise as the imple<span class=\"_ _2\"></span>mented </span></div>\n<div class=\"t m0 x1a h4f y10c1 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">climate <span class=\"_ _0\"></span>policie<span class=\"_ _0\"></span>s result <span class=\"_ _2b\"></span>in increased i<span class=\"_ _0\"></span>nflati<span class=\"_ _0\"></span>on press<span class=\"_ _0\"></span>ures an<span class=\"_ _0\"></span>d increa<span class=\"_ _0\"></span>sed</div>\n<div class=\"t m0 x1a h4f y10c2 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financing cos<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y10c3 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y10c4 ff162 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">The <span class=\"lse0 wsfa\">curr<span class=\"_ _0\"></span>ent policy<span class=\"_ _0\"></span> scenar<span class=\"_ _2b\"></span>io assumes tha<span class=\"_ _0\"></span>t no subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>al shift i<span class=\"_ _0\"></span>n climat<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x1a h4f y10c5 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span> occurs ov<span class=\"_ _0\"></span>er the proj<span class=\"_ _0\"></span>ection ho<span class=\"_ _0\"></span>rizon.<span class=\"ls0 ws0\"> </span>Int<span class=\"_ _2b\"></span>erest ra<span class=\"wsfa\">tes refl<span class=\"_ _2b\"></span>ect this fact, </span></div>\n<div class=\"t m0 x1a h4f y10c6 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with no addi<span class=\"_ _0\"></span>tional i<span class=\"_ _0\"></span>nflatio<span class=\"_ _0\"></span>n<span class=\"lse2 wsf1\">ary<span class=\"ls0 ws0\"> </span><span class=\"ws103\">pressure ma<span class=\"_ _2\"></span>terializing and no subsequen<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f y10c7 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">centra<span class=\"_ _0\"></span>l bank react<span class=\"_ _0\"></span>ion. Inte<span class=\"_ _0\"></span>rest rates<span class=\"_ _0\"></span> remain at e<span class=\"_ _2b\"></span>quilibrium lev<span class=\"_ _0\"></span>el and do</div>\n<div class=\"t m0 x1a h4f y10c8 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not mater<span class=\"_ _0\"></span>ially evo<span class=\"_ _0\"></span>lve.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 267px; height: 839px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 267px; height: 839px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ff16a fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Conclusion<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff168 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">The risks <span class=\"lse0 wsf0\">that are faced a<span class=\"_ _0\"></span>re both<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">uncertain and yet totally f<span class=\"_ _2\"></span>oreseeable. </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff168 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The exact <span class=\"_ _2\"></span>combination of phy<span class=\"_ _2\"></span>sical and transit<span class=\"_ _2\"></span>ion risks that <span class=\"_ _2\"></span>will emerge is</div>\n<div class=\"t m0 x7 h4f y805 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ain, but we wi<span class=\"_ _0\"></span>ll eithe<span class=\"_ _0\"></span>r continue ou<span class=\"_ _0\"></span>r current<span class=\"_ _0\"></span> emissio<span class=\"_ _0\"></span>ns pathway<span class=\"_ _0\"></span> and</div>\n<div class=\"t m0 x7 h4f y806 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">face gre<span class=\"_ _0\"></span>ater physi<span class=\"_ _0\"></span>cal risks o<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>we ch<span class=\"_ _0\"></span>ange our pat<span class=\"_ _0\"></span>hway by red<span class=\"_ _0\"></span>ucing</div>\n<div class=\"t m0 x7 h4f y807 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">emissions and f<span class=\"_ _2\"></span>ace greater transition risks<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y808 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Althoug<span class=\"_ _0\"></span>h no attem<span class=\"_ _0\"></span>pt has been m<span class=\"_ _0\"></span>ade to attac<span class=\"_ _0\"></span>h a probabil<span class=\"_ _2b\"></span>ity to any of the</div>\n<div class=\"t m0 x7 h4f y80a ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">scenari<span class=\"_ _2b\"></span>os considered,<span class=\"_ _0\"></span> the curr<span class=\"_ _2b\"></span>ent global foc<span class=\"_ _2b\"></span>us on limiting <span class=\"lsfa ws114\">CO</span></div>\n<div class=\"t m0 x158 h64 y10cb ff168 fs41 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">2</div>\n<div class=\"t m0 x105 h4f yafa ff168 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">emissions,</div>\n<div class=\"t m0 x7 h4f y10cc ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">support<span class=\"_ _2b\"></span>ed by initiative<span class=\"_ _0\"></span>s such a<span class=\"_ _0\"></span>s th<span class=\"lse2\">e Paris Agreement<span class=\"_ _2\"></span> and governments </span></div>\n<div class=\"t m0 x7 h4f y10cd ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">commitm<span class=\"_ _2b\"></span>ents to achiev<span class=\"_ _2b\"></span>ing net<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">zero stat<span class=\"_ _2\"></span>us by 2050, indicates tran<span class=\"_ _2\"></span>sition </span></span></div>\n<div class=\"t m0 x7 h4f y10ce ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">risk from a move t<span class=\"_ _2\"></span>o a lower<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">carbon econ<span class=\"_ _0\"></span>omy is likel<span class=\"_ _2b\"></span>y. Notwithsta<span class=\"_ _0\"></span>nding, </span></span></div>\n<div class=\"t m0 x7 h4f y10cf ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">there is<span class=\"_ _0\"></span> consid<span class=\"_ _0\"></span>erable <span class=\"_ _0\"></span>uncerta<span class=\"_ _2b\"></span>inty regardi<span class=\"_ _0\"></span>ng the ext<span class=\"_ _2b\"></span>ent of the trans<span class=\"_ _0\"></span>ition</div>\n<div class=\"t m0 x7 h4f y10d0 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the<span class=\"ls0 ws0\"> </span>as<span class=\"_ _2\"></span>sociated timescale.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10d1 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y10d2 ff168 fs3a fc14 sc0 ls106 ws10c\" style=\"z-index: 15;\">Whilst A<span class=\"lse2 wsf1\">geas\u2019s <span class=\"lse0 wsfa\">investme<span class=\"_ _2b\"></span>nt strategy<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">of foc<span class=\"_ _0\"></span>using mor<span class=\"_ _0\"></span>e on sectors res<span class=\"_ _2b\"></span>ilient </span></span></span></div>\n<div class=\"t m0 x7 h4f y10d3 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to climat<span class=\"_ _0\"></span>e risks <span class=\"wsfa\">is a<span class=\"_ _0\"></span> key miti<span class=\"_ _2b\"></span>gant for transi<span class=\"_ _0\"></span>tion ris<span class=\"_ _0\"></span>k, a co<span class=\"_ _0\"></span>ntinuing <span class=\"_ _0\"></span>strate<span class=\"_ _2b\"></span>gic </span></div>\n<div class=\"t m0 x7 h4f y10d4 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">response to cli<span class=\"_ _2\"></span>mate change will be required<span class=\"_ _2\"></span> as our customers\u2019 demands</div>\n<div class=\"t m0 x7 h4f y10d5 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and expect<span class=\"_ _2b\"></span><span class=\"lse1\">ations <span class=\"lse0 wsfa\">evolve. Based <span class=\"_ _2b\"></span>on the relativel<span class=\"_ _2b\"></span>y modest imp<span class=\"_ _0\"></span>acts on o<span class=\"_ _0\"></span>ur </span></span></div>\n<div class=\"t m0 x7 h4f y10d6 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>nd liabilitie<span class=\"_ _0\"></span>s in the t<span class=\"_ _0\"></span>esting <span class=\"_ _0\"></span>results<span class=\"_ _0\"></span>, and ou<span class=\"_ _0\"></span>r confid<span class=\"_ _2b\"></span>ence in the</div>\n<div class=\"t m0 x7 h4f y10d7 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">executi<span class=\"_ _0\"></span>on of ou<span class=\"_ _0\"></span>r Impact<span class=\"_ _0\"></span>24 sust<span class=\"_ _0\"></span>ainabilit<span class=\"_ _2b\"></span>y initiatives,<span class=\"_ _0\"></span> <span class=\"wsf0\">we do not env<span class=\"_ _2b\"></span>isage </span></div>\n<div class=\"t m0 x7 h4f y10d8 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on risk posing <span class=\"_ _0\"></span>a materi<span class=\"_ _2b\"></span>al threat to s<span class=\"_ _0\"></span>olve<span class=\"lse1 wsf0\">ncy.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y10d9 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y10da ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The sam<span class=\"_ _0\"></span>e can be s<span class=\"_ _2b\"></span>aid for<span class=\"fc1a ls0 ws0\"> <span class=\"lsfb ws104\">phy<span class=\"_ _2\"></span>sical ri<span class=\"_ _2\"></span>sks</span><span class=\"fc14\"> </span></span><span class=\"fc1a\">with the fo<span class=\"_ _2b\"></span>recast incre<span class=\"_ _0\"></span>ase in </span></div>\n<div class=\"t m0 x7 h4f y10db ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">those <span class=\"fc1a lse2 wsf1\">perils </span><span class=\"wsfa\">most relev<span class=\"_ _0\"></span>ant to o<span class=\"_ _0\"></span>ur busi<span class=\"_ _0\"></span>nesses <span class=\"_ _0\"></span><span class=\"fc1a lse2 ws103\">adjudged as be<span class=\"_ _2\"></span>ing </span></span></div>\n<div class=\"t m0 x7 h4f y10dc ff168 fs3a fc1a sc0 lse2 wsf1\" style=\"z-index: 15;\">manageable<span class=\"fc14 lse0 wsf0\">, particularly<span class=\"_ _0\"></span> in non<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">life business <span class=\"_ _2\"></span>through pricing a<span class=\"_ _2\"></span>nd re</span>-</span></span></div>\n<div class=\"t m0 x7 h4f y10dd ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce. That<span class=\"_ _0\"></span> said, t<span class=\"_ _2b\"></span>hese two mitig<span class=\"_ _2b\"></span>ants may have s<span class=\"_ _2b\"></span>ome limitati<span class=\"_ _0\"></span>ons as</div>\n<div class=\"t m0 x7 h4f y10de ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">certain region<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span>may be <span class=\"lse0 wsfa\">disprop<span class=\"_ _0\"></span>ortiona<span class=\"_ _2b\"></span>tely affected <span class=\"_ _0\"></span>by the ph<span class=\"_ _0\"></span>ysical <span class=\"_ _0\"></span>risks </span></div>\n<div class=\"t m0 x7 h4f y10df ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of climat<span class=\"_ _2b\"></span>e change <span class=\"lse2\">and issues ma<span class=\"_ _2\"></span>y emerge around </span><span class=\"wsf0\">the affordabil<span class=\"_ _0\"></span>ity and </span></div>\n<div class=\"t m0 x7 h4f y10e0 ff168 fs3a fc14 sc0 ls106 ws10c\" style=\"z-index: 15;\">availabil<span class=\"_ _0\"></span>ity of <span class=\"lse0 wsef\">re<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">insura<span class=\"_ _0\"></span>nce risk cov<span class=\"_ _2b\"></span>erage<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y10e1 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y10e2 ff168 fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">It i<span class=\"lse1 wsf0\">s <span class=\"lse0 wsfa\">very import<span class=\"_ _2b\"></span>ant to re<span class=\"lsfb\">cognise<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lsf4\">that th</span></span></span><span class=\"wsef\">ese <span class=\"ls102 ws11d\">view</span></span><span class=\"lse2\">s are<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf0\">fo<span class=\"_ _0\"></span>rmed with </span></span></span></div>\n<div class=\"t m0 x7 h4f y10e3 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">relianc<span class=\"_ _0\"></span>e on the info<span class=\"_ _0\"></span>rmation av<span class=\"_ _2b\"></span>ailable at the time of as<span class=\"_ _0\"></span>sessm<span class=\"_ _0\"></span>ent and the</div>\n<div class=\"t m0 x7 h4f y10e4 ff168 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">inherent unc<span class=\"_ _2\"></span>ertainty of modell<span class=\"_ _2\"></span>ing climate change<span class=\"_ _2\"></span>. We acknowledge tha<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x7 h4f y10e5 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">climate m<span class=\"_ _0\"></span>odellin<span class=\"_ _0\"></span>g is in its relat<span class=\"_ _2b\"></span>ive infancy and th<span class=\"_ _0\"></span>is view will<span class=\"_ _0\"></span> be regular<span class=\"_ _0\"></span>ly</div>\n<div class=\"t m0 x7 h4f y10e6 ff168 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">dee<span class=\"wsfa\">pened and<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">updat<span class=\"_ _0\"></span>ed as <span class=\"wsef\">more <span class=\"lse2 ws103\">information and recognised mod<span class=\"_ _2\"></span>els </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y10e7 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">become availab<span class=\"_ _2\"></span>le.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y10e8 ff16a fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Actions and<span class=\"_ _2\"></span> outlook<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10e9 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Climate change ana<span class=\"_ _2\"></span>lysis <span class=\"lse0 wsf0\">contin<span class=\"_ _2b\"></span>ues to be <span class=\"lse1\">actively <span class=\"lse2 wsf1\">develope<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\"> </span>and<span class=\"ls0 ws0\"> a</span></span>ctions </span></span></div>\n<div class=\"t m0 x7 h4f y10ea ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">identif<span class=\"_ _0\"></span>ied <span class=\"wsf0\">from act<span class=\"_ _0\"></span>ivity to dat<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">include</span>: </span></span></div>\n<div class=\"t m0 x7 h4f y10eb ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse0 wsf0\">Ongoing develo<span class=\"_ _2b\"></span>pment &amp; challenge of<span class=\"_ _0\"></span> the <span class=\"lse2 ws103\">scenarios for meas<span class=\"_ _2\"></span>uring </span></span></span></div>\n<div class=\"t m0 x43 h4f y10ec ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on and physical ris<span class=\"_ _0\"></span>k impacts<span class=\"_ _0\"></span> on investm<span class=\"_ _0\"></span>ents &amp; ALM.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10ed ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse0 wsf0\">Continued refi<span class=\"_ _0\"></span>nement of i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nt portfo<span class=\"_ _2b\"></span>lio granularity i<span class=\"_ _0\"></span>n terms of </span></span></div>\n<div class=\"t m0 x43 h4f y10ee ff168 fs3a fc14 sc0 lse1 ws104\" style=\"z-index: 15;\">sensitivity to climate risks. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10ef ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse2 ws103\">F<span class=\"_ _2\"></span>urther develop peril analy<span class=\"_ _2\"></span>sis in those entities where<span class=\"_ _2\"></span> perils may </span></span></div>\n<div class=\"t m0 x43 h4f y10f0 ff168 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">become <span class=\"lse0 wsfa\">more relevant<span class=\"_ _0\"></span> in the l<span class=\"_ _2b\"></span>onger term and i<span class=\"_ _2b\"></span>mprove peril an<span class=\"_ _2b\"></span>alysis </span></div>\n<div class=\"t m0 x43 h4f y10f1 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for those ent<span class=\"_ _2b\"></span>ities where data is<span class=\"_ _0\"></span> more limit<span class=\"_ _2b\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f2 ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse0 wsf0\">Development of c<span class=\"_ _0\"></span>apacity f<span class=\"_ _0\"></span>or perfor<span class=\"_ _0\"></span>ming simi<span class=\"_ _2b\"></span>lar studies for Ag<span class=\"_ _0\"></span>eas\u2019s </span></span></div>\n<div class=\"t m0 x43 h4f y10f3 ff168 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Asian par<span class=\"_ _2\"></span>ticipations.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f4 ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse1 ws104\">In<span class=\"_ _2\"></span>vestigat<span class=\"_ _0\"></span>e how to best assess Liability risk. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h6a y79c ff16d fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">4.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y79d ff16d fs46 fcf sc0 ls138 ws15c\" style=\"z-index: 15;\">Detai<span class=\"_ _2\"></span>ls<span class=\"ls0 ws0\"> <span class=\"ls112 ws133\">of various <span class=\"_ _2\"></span>risk exposures</span> </span></div>\n<div class=\"t m0 x1a h4f y79e ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing s<span class=\"_ _0\"></span>ection<span class=\"_ _0\"></span>s explai<span class=\"_ _2b\"></span>n Ageas\u2019s risk t<span class=\"_ _0\"></span>ypes an<span class=\"_ _2b\"></span>d various risk</div>\n<div class=\"t m0 x1a h4f y79f ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exposur<span class=\"_ _2b\"></span>es in more detail.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10f5 ff168 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsf0\">Financial risk<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y10f6 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al risk encompasses<span class=\"_ _0\"></span> all risks r<span class=\"_ _0\"></span>elating t<span class=\"_ _0\"></span>o the value<span class=\"_ _0\"></span> and</div>\n<div class=\"t m0 x1a h4f y7a2 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">perform<span class=\"_ _2b\"></span>ance of assets and lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span> that may aff<span class=\"_ _2b\"></span>ect solvency, ear<span class=\"_ _2b\"></span>nings</div>\n<div class=\"t m0 x1a h4f y7a3 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and liqui<span class=\"_ _0\"></span>dity due to<span class=\"_ _0\"></span> changes in fi<span class=\"_ _0\"></span>nancial c<span class=\"_ _0\"></span>ircumst<span class=\"_ _0\"></span>ances. T<span class=\"_ _0\"></span>hese incl<span class=\"_ _0\"></span>ude:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y7a4 ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse0 wsf0\">Market risk;</span><span class=\"ff168\"> </span></span></div>\n<div class=\"t m0 x1a h4f y7a5 ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse0 wsf0\">Default risk;</span><span class=\"ff168\"> </span></span></div>\n<div class=\"t m0 x1a h4f y7a6 ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse1 ws104\">L<span class=\"_ _2\"></span>iquidity risk;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y7a7 ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse0 wsfa\">Intangible as<span class=\"_ _0\"></span>sets ri<span class=\"_ _0\"></span>sk.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y7a8 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y7a9 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al risk is the mo<span class=\"_ _0\"></span>st mat<span class=\"_ _0\"></span>erial ris<span class=\"_ _0\"></span>k for man<span class=\"_ _2b\"></span>y of Ageas\u2019s o<span class=\"_ _0\"></span>peratio<span class=\"_ _0\"></span>ns.</div>\n<div class=\"t m0 x1a h4f y7aa ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The risk framew<span class=\"_ _2\"></span>ork in <span class=\"wsfa\">place at all<span class=\"_ _2\"></span> operations combine<span class=\"_ _2\"></span>s investment </span></div>\n<div class=\"t m0 x1a h4f y7ab ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span>, limit<span class=\"_ _0\"></span>s, stre<span class=\"_ _0\"></span>ss tests a<span class=\"_ _0\"></span>nd reg<span class=\"_ _0\"></span>ular moni<span class=\"_ _0\"></span>torin<span class=\"_ _0\"></span>g in order t<span class=\"_ _2b\"></span>o control the</div>\n<div class=\"t m0 x1a h4f y7ac ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">nature a<span class=\"_ _0\"></span>nd leve<span class=\"_ _0\"></span>l of fina<span class=\"_ _0\"></span>ncial ris<span class=\"_ _0\"></span>ks and t<span class=\"_ _2b\"></span>o ensure that <span class=\"_ _0\"></span>risks be<span class=\"_ _0\"></span>ing take<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f y7ad ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are approp<span class=\"_ _2b\"></span>riate for both cust<span class=\"_ _0\"></span>omer and<span class=\"_ _0\"></span> sharehol<span class=\"_ _0\"></span>der and are ap<span class=\"_ _2b\"></span>p<span class=\"lse2 wsf1\">rop<span class=\"_ _2\"></span>riately </span></div>\n<div class=\"t m0 x1a h4f y7ae ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reward<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y7af ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y7b0 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The overal<span class=\"_ _2b\"></span>l asset mix is determ<span class=\"_ _0\"></span>ined by loca<span class=\"_ _0\"></span>l busines<span class=\"_ _0\"></span>ses bas<span class=\"_ _0\"></span>ed on asset</div>\n<div class=\"t m0 x1a h4f y7b1 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">mix studies to<span class=\"_ _2\"></span> identify the appropriate st<span class=\"_ _2\"></span>rategic assets, their adeq<span class=\"_ _2\"></span>uacy</div>\n<div class=\"t m0 x1a h4f y7b2 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">from an ALM<span class=\"_ _0\"></span> perspect<span class=\"_ _2b\"></span>ive and on regular m<span class=\"_ _0\"></span>onitori<span class=\"_ _0\"></span>ng of the mark<span class=\"_ _2b\"></span>et</div>\n<div class=\"t m0 x1a h4f y7b3 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">situati<span class=\"_ _2b\"></span>on and prospects to<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">de<span class=\"_ _0\"></span>cide on t<span class=\"_ _2b\"></span>he tactical all<span class=\"_ _0\"></span>ocatio<span class=\"_ _0\"></span>n. The dec<span class=\"_ _2b\"></span>ision </span></div>\n<div class=\"t m0 x1a h4f y7b4 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">process needs t<span class=\"_ _2\"></span>o balance risk appetite, capi<span class=\"_ _2\"></span>tal requirements, long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">term </span></span></div>\n<div class=\"t m0 x1a h4f y7b5 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risks and r<span class=\"_ _0\"></span>eturn, pol<span class=\"_ _0\"></span>icyhold<span class=\"_ _2b\"></span>er expectations,<span class=\"_ _0\"></span> profit sha<span class=\"_ _2b\"></span>ring requireme<span class=\"_ _0\"></span>nts,</div>\n<div class=\"t m0 x1a h4f y7b6 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">tax and liq<span class=\"_ _0\"></span>uidity iss<span class=\"_ _2b\"></span>ues to arrive at an appr<span class=\"_ _0\"></span>opriate t<span class=\"_ _0\"></span>arget m<span class=\"lse2 wsfa\">ix. The </span></div>\n<div class=\"t m0 x1a h4f y7b7 ff168 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">mission o<span class=\"_ _2\"></span>f the Group Risk <span class=\"_ _2\"></span>function includes<span class=\"_ _2\"></span> monitoring aggregate<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y7b8 ff168 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">exposures a<span class=\"_ _2\"></span>gainst risk appeti<span class=\"_ _2\"></span>te regarding financ<span class=\"_ _2\"></span>ial risks and<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">working </span></span></div>\n<div class=\"t m0 x1a h4f y7b9 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with the loc<span class=\"_ _2b\"></span>al businesses to dev<span class=\"_ _0\"></span>elop pol<span class=\"_ _0\"></span>icies and bes<span class=\"_ _0\"></span>t pract<span class=\"_ _0\"></span>ice, which</div>\n<div class=\"t m0 x1a h4f y7ba ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">must be <span class=\"_ _0\"></span>adopted <span class=\"_ _0\"></span>by the loc<span class=\"_ _2b\"></span>al Boards to e<span class=\"_ _0\"></span>nsure t<span class=\"_ _0\"></span>hey bec<span class=\"_ _0\"></span>ome part <span class=\"_ _2b\"></span>of the</div>\n<div class=\"t m0 x1a h4f y7bb ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">local regular ac<span class=\"_ _2\"></span>tivity. <span class=\"ls0 ws0\"> </span></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 y10f7 ff16a fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.1.1 <span class=\"ls0 ws0\"> <span class=\"_\"> </span></span><span class=\"wsf0\">Market risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y10f8 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Market <span class=\"_ _0\"></span>risk aris<span class=\"_ _2b\"></span>es from advers<span class=\"_ _0\"></span>e chang<span class=\"_ _0\"></span>e in the f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al situ<span class=\"lse2 wsf1\">ation </span></div>\n<div class=\"t m0 x1a h4f y10f9 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">resulti<span class=\"_ _0\"></span>ng, dir<span class=\"_ _0\"></span>ectly or i<span class=\"_ _0\"></span>ndirect<span class=\"_ _0\"></span>ly, fro<span class=\"_ _0\"></span>m fluct<span class=\"_ _0\"></span>uations <span class=\"_ _2b\"></span>in the level and <span class=\"_ _0\"></span>in the</div>\n<div class=\"t m0 x1a h4f y10fa ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of mark<span class=\"_ _0\"></span>et prices of<span class=\"_ _0\"></span> assets an<span class=\"_ _0\"></span>d liabilit<span class=\"_ _0\"></span>ies. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10fb ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">It is com<span class=\"_ _0\"></span>posed of<span class=\"_ _0\"></span> the foll<span class=\"_ _2b\"></span>owing sub<span class=\"ls0 ws0\">-<span class=\"lse1 wsf0\">risks:</span> </span></div>\n<div class=\"t m0 x1a h4f y10fc ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">a.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span></span><span class=\"wsf0\">interes<span class=\"_ _0\"></span>t rate risk<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y10fd ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">b.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span><span class=\"lse2 wsfa\">equity ri<span class=\"_ _2\"></span>sk;</span> </span></div>\n<div class=\"t m0 x1a h4f y10fe ff168 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">c.<span class=\"ls0 ws0\"> <span class=\"_ _185\"> </span><span class=\"lse2 ws103\">spread ri<span class=\"_ _2\"></span>sk.</span> </span></div>\n<div class=\"t m0 x1a h4f y10ff ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">d.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span><span class=\"lse1 ws11d\">currency risk;</span> </span></div>\n<div class=\"t m0 x1a h4f y1100 ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">e.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span><span class=\"lse2 ws103\">property risk<span class=\"_ _2\"></span>;</span> </span></div>\n<div class=\"t m0 x1a h4f y1101 ff168 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">f.<span class=\"ls0 ws0\"> <span class=\"_ _1f1\"> </span><span class=\"lse0 wsf0\">mark<span class=\"_ _0\"></span>et risk conc<span class=\"_ _0\"></span>entrat<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x1a h4f y1102 ff168 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">g. <span class=\"ls0 ws0\"> <span class=\"_ _13b\"> </span><span class=\"lse0 wsfa\">inflat<span class=\"_ _0\"></span>ion risk<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y1103 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1104 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The sensitivit<span class=\"_ _2\"></span>ies presented in this note exc<span class=\"_ _2\"></span>lude the impact in non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yaaa ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">controlled par<span class=\"_ _2\"></span>ticipations.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 315px; height: 241px; width: 335px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 315px; height: 246px; width: 335px; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 298px; height: 808px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff16e fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">A.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span></span><span class=\"ws11c\">INTER<span class=\"_ _0\"></span>EST RAT<span class=\"_ _0\"></span>E RISK<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span> rate risk ex<span class=\"_ _2b\"></span>ists for all <span class=\"wsfa\">assets a<span class=\"_ _0\"></span>nd liab<span class=\"_ _0\"></span>ilities s<span class=\"_ _2b\"></span>ensitive to cha<span class=\"_ _2b\"></span>nges </span></div>\n<div class=\"t m0 x7 h4f y804 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the t<span class=\"_ _0\"></span>erm stru<span class=\"_ _0\"></span>cture of<span class=\"_ _0\"></span> interest<span class=\"_ _0\"></span> rates<span class=\"_ _0\"></span> or inte<span class=\"_ _0\"></span>rest rat<span class=\"_ _0\"></span>e volati<span class=\"_ _2b\"></span>lity. This</div>\n<div class=\"t m0 x7 h4f y805 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applies t<span class=\"_ _0\"></span>o both real<span class=\"_ _0\"></span> and nomina<span class=\"_ _0\"></span>l term struc<span class=\"_ _0\"></span>tures. Th<span class=\"_ _2b\"></span>e risk arises as a</div>\n<div class=\"t m0 x7 h4f y806 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result of a mi<span class=\"_ _0\"></span>smatch bet<span class=\"_ _2b\"></span>ween the sensitiv<span class=\"_ _0\"></span>ity of asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilit<span class=\"wsfa\">ies t<span class=\"_ _2b\"></span>o </span></div>\n<div class=\"t m0 x7 h4f y807 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes i<span class=\"_ _0\"></span>n interest<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>rates<span class=\"_ _0\"></span> and associ<span class=\"_ _2b\"></span>ated volatility<span class=\"_ _0\"></span>, which can adv<span class=\"_ _2b\"></span>ersely</div>\n<div class=\"t m0 x7 h4f y808 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">impact the<span class=\"_ _2\"></span> earnings and sol<span class=\"_ _2\"></span>vency position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas mea<span class=\"_ _0\"></span>sures, mo<span class=\"_ _2b\"></span>nitors and contr<span class=\"_ _0\"></span>ols its inte<span class=\"_ _0\"></span>rest rate ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>usi<span class=\"_ _2b\"></span>ng a</div>\n<div class=\"t m0 x7 h4f y80b ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">number of in<span class=\"_ _2b\"></span>dicators includ<span class=\"_ _0\"></span>ing cash fl<span class=\"_ _0\"></span>ow mismat<span class=\"_ _0\"></span>ch analy<span class=\"_ _0\"></span>sis and <span class=\"lse1\">stress </span></div>\n<div class=\"t m0 x1a h4f yc3c ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">testing. <span class=\"_ _2\"></span>The investment and<span class=\"_ _2\"></span> ALM policies usual<span class=\"_ _2\"></span>ly require close ma<span class=\"_ _2\"></span>tching</div>\n<div class=\"t m0 x1a h4f yd61 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unless sp<span class=\"_ _0\"></span>ecifica<span class=\"_ _0\"></span>lly approv<span class=\"_ _2b\"></span>ed otherwise. Lon<span class=\"_ _0\"></span>ger<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term busine<span class=\"_ _2\"></span>ss can be </span></span></div>\n<div class=\"t m0 x1a h4f yd62 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">difficult<span class=\"_ _0\"></span> to match due t<span class=\"_ _0\"></span>o lack of ava<span class=\"_ _0\"></span>ilabilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>of su<span class=\"_ _0\"></span>itable as<span class=\"_ _2b\"></span>sets. The</div>\n<div class=\"t m0 x1a h4f yd63 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">matchi<span class=\"_ _0\"></span>ng strateg<span class=\"_ _0\"></span>y will be det<span class=\"_ _2b\"></span>ermined taking int<span class=\"_ _2b\"></span>o account risk appet<span class=\"_ _0\"></span>ite,</div>\n<div class=\"t m0 x1a h4f yd64 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">availab<span class=\"_ _0\"></span>ility of (l<span class=\"_ _0\"></span>ong<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">term) as<span class=\"_ _2b\"></span>sets, current<span class=\"_ _0\"></span> and pros<span class=\"_ _2b\"></span>pective mark<span class=\"_ _0\"></span>et rates </span></div>\n<div class=\"t m0 x1a h4f yd65 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and level<span class=\"_ _2\"></span>s of guarantee. Deri<span class=\"_ _2\"></span>vatives are sometime<span class=\"_ _2\"></span>s used to hedge<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd66 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate risk.<span class=\"_ _0\"></span> Note that lo<span class=\"_ _0\"></span>w interes<span class=\"_ _0\"></span>t rates have be<span class=\"_ _2b\"></span>en defined as a</div>\n<div class=\"t m0 x1a h4f yd67 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">strategic r<span class=\"_ _2\"></span>i<span class=\"lse0\">sk w<span class=\"_ _0\"></span>ith focus<span class=\"_ _0\"></span> on fixe<span class=\"_ _2b\"></span>d/variable cos<span class=\"_ _0\"></span>t struct<span class=\"_ _2b\"></span>ure.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc45 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc46 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc47 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below shows t<span class=\"_ _0\"></span>he gros<span class=\"_ _0\"></span>s impact <span class=\"_ _0\"></span>on the IF<span class=\"_ _0\"></span>RS inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement an<span class=\"_ _0\"></span>d IFRS <span class=\"_ _0\"></span>equity <span class=\"_ _0\"></span>as a result<span class=\"_ _0\"></span> of a dec<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span> in the int<span class=\"_ _2b\"></span>erest<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">rates for<span class=\"_ _2\"></span> consolidated </span></span></div>\n<div class=\"t m0 x7 h4f yc48 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">entitie<span class=\"_ _0\"></span>s. An upwa<span class=\"_ _0\"></span>rds/dow<span class=\"_ _0\"></span>nw<span class=\"lse2 wsfa\">ards shock is<span class=\"_ _2\"></span> applied, correspond<span class=\"_ _2\"></span>ing to a 1/30 <span class=\"_ _2\"></span>years return peri<span class=\"_ _2\"></span>od (around 75bps on<span class=\"_ _2\"></span> average). Some en<span class=\"_ _2\"></span>tities use a <span class=\"_ _2\"></span>simplified </span></div>\n<div class=\"t m0 x7 h4f yc49 ff16e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">method <span class=\"ls0 ws0\">w<span class=\"_ _2\"></span>h</span>ere<span class=\"ls0 ws0\"> </span><span class=\"ws103\">a paral<span class=\"_ _2\"></span>lel stress of 100bps is consid<span class=\"_ _2\"></span>ered.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws10a\" style=\"left: 501px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">on</span> </span></div>\n<div class=\"t m0 x261 h52 y603 ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 815px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span>statement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 844px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws10a\" style=\"left: 586px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t <span class=\"ls0 ws0\">on </span></div>\n<div class=\"t m0 x152 h52 y603 ff16e fs3c fc1f sc0 lse8 ws10b\" style=\"left: 577px; bottom: 815px; z-index: 15;\">IFRS<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">Equity</span> </span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws10a\" style=\"left: 672px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">on</span> </span></div>\n<div class=\"t m0 x261 h52 y603 ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 640px; bottom: 815px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span>statement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 844px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws102\" style=\"left: 758px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t o<span class=\"ls0 ws0\">n </span></div>\n<div class=\"t m0 x152 h52 y603 ff16e fs3c fc1f sc0 lse8 ws10b\" style=\"left: 749px; bottom: 815px; z-index: 15;\">IFRS<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">Equity</span> </span></div>\n<div class=\"t m0 x14d h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff16e fs3c fc14 sc0 lse7 ws109\" style=\"left: 69px; bottom: 784px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st <span class=\"ls0 ws0\">- <span class=\"lsef ws102\">r<span class=\"_ _2\"></span>ate down</span> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 784px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 784px; z-index: 15;\">1,841<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 784px; z-index: 15;\">4</div>\n<div class=\"t m0 x24 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 784px; z-index: 15;\">396<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff16e fs3c fc14 sc0 lse7 ws109\" style=\"left: 69px; bottom: 770px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st <span class=\"ls0 ws0\">- <span class=\"lsef ws102\">r<span class=\"_ _2\"></span>ate up</span> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 770px; z-index: 15;\">(67)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f2 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 770px; z-index: 15;\">(2,224)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 770px; z-index: 15;\">2</div>\n<div class=\"t m0 x11e h52 y5f2 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 770px; z-index: 15;\">(1,407)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y110c ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y110d ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y110e ff16e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">B. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"lsfc ws121\">EQUITY<span class=\"_ _2\"></span> RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y110f ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Equity ri<span class=\"_ _0\"></span>sk arises f<span class=\"_ _0\"></span>rom the se<span class=\"_ _0\"></span>nsitivit<span class=\"_ _0\"></span>y of assets a<span class=\"_ _0\"></span>nd liabil<span class=\"_ _0\"></span>ities and</div>\n<div class=\"t m0 x7 h4f y1110 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s to chan<span class=\"_ _0\"></span>ges in th<span class=\"_ _2b\"></span>e level or volat<span class=\"_ _2b\"></span>ility of market<span class=\"_ _0\"></span> prices</div>\n<div class=\"t m0 x7 h4f y1111 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">for equit<span class=\"_ _2b\"></span>ies or their y<span class=\"_ _0\"></span>ield, wh<span class=\"_ _2b\"></span>ich can impact <span class=\"_ _0\"></span>earnings<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>he solven<span class=\"_ _2b\"></span>cy</div>\n<div class=\"t m0 x7 h4f y1112 ff16e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position. <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1113 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1114 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This risk is c<span class=\"_ _0\"></span>ontrol<span class=\"_ _0\"></span>led t<span class=\"lse2 ws103\">hrough limit setting b<span class=\"_ _2\"></span>ased on the risk appetite and<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1115 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by invest<span class=\"_ _0\"></span>ment polic<span class=\"_ _2b\"></span>ies that require a ran<span class=\"_ _0\"></span>ge of contr<span class=\"_ _0\"></span>ols to be in plac<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1116 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">includi<span class=\"_ _0\"></span>ng the acti<span class=\"_ _0\"></span>on that will b<span class=\"_ _0\"></span>e taken in the ev<span class=\"_ _2b\"></span>ent of significan<span class=\"_ _0\"></span>t</div>\n<div class=\"t m0 x1a h4f y1117 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">decreases i<span class=\"_ _2\"></span>n value. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1118 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1119 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For risk<span class=\"_ _2\"></span> management purposes<span class=\"_ _2\"></span>, Ageas bases i<span class=\"lsf4 ws114\">ts definition<span class=\"_ _2\"></span> of equity </span></div>\n<div class=\"t m0 x1a h4f y111a ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exposur<span class=\"_ _2b\"></span>e on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e economi<span class=\"_ _0\"></span>c reality of<span class=\"_ _0\"></span> underly<span class=\"_ _0\"></span>ing asset<span class=\"_ _0\"></span>s and risks<span class=\"_ _0\"></span>. Takin<span class=\"_ _0\"></span>g</div>\n<div class=\"t m0 x1a h4f y111b ff16e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">a risk<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">based appro<span class=\"_ _0\"></span>ach; the t<span class=\"_ _2b\"></span>otal economic<span class=\"_ _0\"></span> exposu<span class=\"_ _0\"></span>re to equ<span class=\"_ _0\"></span>ities at<span class=\"_ _0\"></span> fair </span></span></div>\n<div class=\"t m0 x1a h4f y111c ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value is<span class=\"_ _0\"></span> given i<span class=\"_ _0\"></span>n the tab<span class=\"_ _2b\"></span>le below toget<span class=\"_ _2b\"></span>her with the rec<span class=\"_ _2b\"></span>onciliation t<span class=\"_ _0\"></span>o the</div>\n<div class=\"t m0 x1a h4f y111d ff16e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">IFRS reported f<span class=\"_ _2\"></span><span class=\"wsf1\">igures.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y111e ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y111f ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x130 h52 y60e ff16e fs3c fc1f sc0 ls0 ws0\" style=\"left: 453px; bottom: 565px; z-index: 15;\"> </div>\n<div class=\"t m0 x25f h52 y60e ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 565px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 565px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff16e fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Type of a<span class=\"_ _0\"></span>sset<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5f9 ff16e fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f9 ff171 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Direct equity investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 534px; z-index: 15;\">2,799<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 534px; z-index: 15;\">3,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Equity funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 520px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 520px; z-index: 15;\">916<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Private equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 505px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 505px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 490px; z-index: 15;\">Asset allocation funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 490px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 490px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff170 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 475px; z-index: 15;\">Total Economic equity exposure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 475px; z-index: 15;\">3,622<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 475px; z-index: 15;\">4,204<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 460px; z-index: 15;\">Debt funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 460px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 460px; z-index: 15;\">424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 445px; z-index: 15;\">Money market funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y647 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 445px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 445px; z-index: 15;\">221<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Real estate funds (SIC<span class=\"_ _0\"></span>AFI/REITS)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 430px; z-index: 15;\">619<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 430px; z-index: 15;\">1,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff170 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Total IFRS equity exposure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y608 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 416px; z-index: 15;\">4,461<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y608 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 416px; z-index: 15;\">5,872<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff16e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 401px; z-index: 15;\">of which:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y603 ff170 fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y603 ff16e fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 386px; z-index: 15;\">Available for Sale (see no<span class=\"_ _0\"></span>te 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 386px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 386px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 371px; z-index: 15;\">Held at Fair Value (see<span class=\"_ _0\"></span> note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 371px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 371px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 360px; height: 746px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 360px; height: 746px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 360px; height: 746px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 360px; height: 746px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ff175 fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _2b\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> shows <span class=\"lse0 wsf0\">the gr<span class=\"_ _0\"></span>oss impact<span class=\"_ _0\"></span> on the IFRS inc<span class=\"_ _2b\"></span>ome statement and<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>IFR<span class=\"_ _0\"></span>S equity as the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>resul<span class=\"_ _0\"></span>t of an equity<span class=\"_ _0\"></span> shock corr<span class=\"_ _0\"></span>espond<span class=\"_ _0\"></span>ing to a 1/30 ye<span class=\"_ _0\"></span>ars </span></div>\n<div class=\"t m0 x7 h4f y804 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">return period dow<span class=\"_ _2\"></span>n (around 30% for EAA listed equ<span class=\"_ _2\"></span>ities) for consolidat<span class=\"_ _2\"></span>ed entities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 501px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y608 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 501px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 586px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 577px; bottom: 1004px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 672px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y608 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 672px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 758px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 749px; bottom: 1004px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 973px; z-index: 15;\">Equity risk downwards<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 973px; z-index: 15;\">(340)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 973px; z-index: 15;\">(967)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 973px; z-index: 15;\">(281)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 973px; z-index: 15;\">(1,262)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1135 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1136 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1137 ff173 fs3a fc28 sc0 ls104 ws126\" style=\"z-index: 15;\">C.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lsfd ws120\">SPREAD RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1138 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Spread r<span class=\"_ _2b\"></span>isk results fro<span class=\"_ _0\"></span>m the s<span class=\"_ _0\"></span>ensitivit<span class=\"_ _2b\"></span>y of the value of<span class=\"_ _0\"></span> assets <span class=\"_ _0\"></span>and</div>\n<div class=\"t m0 x7 h4f y1139 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liabilities and<span class=\"_ _2\"></span> financial instruments to<span class=\"_ _2\"></span> changes in the level or in th<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x7 h4f y113a ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of s<span class=\"_ _0\"></span>preads ov<span class=\"_ _2b\"></span>er the risk<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">free int<span class=\"_ _0\"></span>erest r<span class=\"_ _0\"></span>ate term st<span class=\"_ _0\"></span>ructure.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y113b ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y113c ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A significant<span class=\"_ _2\"></span> portion of Ageas\u2019s liabili<span class=\"_ _2\"></span>ties are relatively illiquid<span class=\"_ _2\"></span>. Ageas</div>\n<div class=\"t m0 x7 h4f y113d ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">generally aims<span class=\"_ _2\"></span> to hold credit assets<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">to<span class=\"_ _0\"></span> maturit<span class=\"_ _0\"></span>y. This l<span class=\"_ _2b\"></span>imits the long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">ter<span class=\"_ _2\"></span>m </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y113e ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact of<span class=\"_ _0\"></span> spread ri<span class=\"_ _0\"></span>sk signific<span class=\"_ _2b\"></span>antly because Ag<span class=\"_ _0\"></span>eas typic<span class=\"_ _0\"></span>ally hold<span class=\"_ _0\"></span>s these</div>\n<div class=\"t m0 x7 h4f y113f ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets t<span class=\"_ _0\"></span>o maturi<span class=\"_ _0\"></span>ty in li<span class=\"_ _2b\"></span>ne with its lon<span class=\"_ _0\"></span>g<span class=\"ls0 ws0\">-<span class=\"ls102 ws115\">term i<span class=\"_ _2\"></span>lliquid liabi<span class=\"_ _2\"></span>lities. Althoug<span class=\"_ _2\"></span>h </span></span></div>\n<div class=\"t m0 x7 h4f y1140 ff173 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">short<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">term v<span class=\"_ _2b\"></span>olatility can b<span class=\"_ _2b\"></span>e significant,<span class=\"_ _2b\"></span> it is unlikely t<span class=\"_ _0\"></span>hat Age<span class=\"_ _0\"></span>as<span class=\"ls0 ws0\"> </span>would b<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y1141 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">forced t<span class=\"_ _0\"></span>o sell at<span class=\"_ _0\"></span> distre<span class=\"_ _0\"></span>ssed pri<span class=\"_ _0\"></span>ces, eve<span class=\"_ _2b\"></span>n though Ageas<span class=\"_ _0\"></span> can cho<span class=\"_ _0\"></span>ose to</div>\n<div class=\"t m0 x7 h4f y1142 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liquida<span class=\"_ _0\"></span>te thes<span class=\"_ _0\"></span>e assets <span class=\"_ _2b\"></span>if it considers<span class=\"_ _0\"></span> this th<span class=\"_ _0\"></span>e best c<span class=\"_ _0\"></span>ourse of <span class=\"_ _2b\"></span>action.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1143 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1144 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For interna<span class=\"_ _2\"></span>l risk management <span class=\"_ _2\"></span>purposes, Ageas consi<span class=\"_ _2\"></span>ders the sensitivit<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h4f y1145 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to long<span class=\"ls0 ws0\">-</span><span class=\"lse2\">term fundamental s<span class=\"_ _2\"></span>pread ri<span class=\"lse1 ws104\">sk, similar to the Solvency II \u201c<span class=\"_ _0\"></span>Volatility </span></span></div>\n<div class=\"t m0 x7 h4f y1146 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Adjust<span class=\"_ _0\"></span>ment\u201d conc<span class=\"_ _0\"></span>ept, but tak<span class=\"_ _2b\"></span>ing into account its<span class=\"_ _0\"></span> specific<span class=\"_ _0\"></span> portfoli<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x1a h4f y1147 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">characteristi<span class=\"_ _2\"></span>cs. This is considered <span class=\"wsf1\">mor<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in line wit<span class=\"_ _2b\"></span>h <span class=\"lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas\u2019<span class=\"ls0 ws0\">s </span>busine<span class=\"_ _2\"></span>ss<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1148 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">model, where rea<span class=\"_ _2\"></span>lising capital losses is<span class=\"_ _2\"></span> generally avoided, compared<span class=\"_ _2\"></span> to</div>\n<div class=\"t m0 x1a h4f y1149 ff173 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">a <span class=\"lse2 ws103\">pure mark<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">to</span>-</span>market approach.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y114a ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas\u2019s s<span class=\"_ _2b\"></span>pread risk tr<span class=\"_ _0\"></span>eatment<span class=\"_ _0\"></span> in the SC<span class=\"_ _0\"></span>R</div>\n<div class=\"t m0 xaf h64 y114b ff173 fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 xb6 h4f y114c ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lsfb ws127\">is a<span class=\"_ _2\"></span>s follows:<span class=\"_ _2\"></span></span> </div>\n<div class=\"t m0 x1a h4f y114d ff177 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff178\"> <span class=\"_ _46\"> </span><span class=\"ff173 lse2 wsfa\">In<span class=\"_ _2\"></span>clusion of fundam<span class=\"_ _2\"></span>ental spread for E<span class=\"_ _2\"></span>U sovereign and e<span class=\"_ _2\"></span>quivalent </span></span></div>\n<div class=\"t m0 x25a h4f y114e ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">exposures; <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y114f ff177 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff178\"> <span class=\"_ _46\"> </span><span class=\"ff173 lse2 wsfa\">E<span class=\"_ _2\"></span>xclusion of non</span><span class=\"ff173\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fund<span class=\"_ _0\"></span>amental<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>spr<span class=\"_ _0\"></span>ead for other d<span class=\"_ _2b\"></span>ebt.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h55 y1150 ff175 fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _2b\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1151 ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ws103\">sensi<span class=\"_ _2\"></span>tivities considered for the<span class=\"_ _2\"></span> impact of credit spread widen<span class=\"_ _2\"></span>ing on </span></div>\n<div class=\"t m0 x1a h4f y1152 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement an<span class=\"_ _2b\"></span>d IFRS equity d<span class=\"_ _0\"></span>epend on t<span class=\"_ _2b\"></span>he credit rat<span class=\"_ _0\"></span>ing and</div>\n<div class=\"t m0 x1a h4f y1153 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">duratio<span class=\"_ _0\"></span>n of the <span class=\"_ _0\"></span>asset con<span class=\"_ _2b\"></span>sidered. The<span class=\"_ _0\"></span>se stres<span class=\"_ _0\"></span>ses corr<span class=\"_ _2b\"></span>espond to a 1/3<span class=\"_ _0\"></span>0</div>\n<div class=\"t m0 x1a h4f y1154 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">return per<span class=\"_ _2\"></span>iod, and range be<span class=\"_ _2\"></span>tween +70bps for AAA<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">rate<span class=\"_ _2b\"></span>d assets to </span></div>\n<div class=\"t m0 x1a h4f y1155 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">+200bps <span class=\"_ _2\"></span>for BBB rated asset<span class=\"_ _2\"></span>s. Some operating <span class=\"_ _2\"></span>entities apply a</div>\n<div class=\"t m0 x1a h4f y1156 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">simplif<span class=\"_ _0\"></span>ied meth<span class=\"_ _0\"></span>od where th<span class=\"_ _0\"></span>e entire cr<span class=\"_ _0\"></span>edit portf<span class=\"_ _0\"></span>olio is sho<span class=\"_ _0\"></span>cked by</div>\n<div class=\"t m0 x1a h4f y1157 ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">+100bps.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1158 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1159 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y115a ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below shows t<span class=\"_ _0\"></span>he gros<span class=\"_ _0\"></span>s impact <span class=\"_ _0\"></span>on the IF<span class=\"_ _0\"></span>RS inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement an<span class=\"_ _0\"></span><span class=\"lse2 ws103\">d IFRS equity as th<span class=\"_ _2\"></span>e result of a spread sensi<span class=\"_ _2\"></span>tivity shock.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h52 y638 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 492px; bottom: 611px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 596px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 492px; bottom: 581px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y638 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 600px; bottom: 611px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 580px; bottom: 596px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y70b ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 571px; bottom: 581px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 668px; bottom: 611px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 679px; bottom: 596px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 668px; bottom: 581px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y638 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 611px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 757px; bottom: 596px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y70b ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 748px; bottom: 581px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff176 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 708px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 551px; z-index: 15;\">Spread risk <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsf3\">Credit spread widening<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x15a h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 551px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 591px; bottom: 551px; z-index: 15;\">(1,004)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 551px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 551px; z-index: 15;\">(1,291)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h9b y1161 ff173 fs64 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1162 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1163 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1164 ff173 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">D.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lsfa ws11e\">CURRENCY<span class=\"_ _2\"></span> RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1165 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Currency<span class=\"_ _0\"></span> risk aris<span class=\"_ _0\"></span>es from the s<span class=\"_ _0\"></span>ensitiv<span class=\"_ _0\"></span>ity of asset<span class=\"_ _0\"></span>s and liabi<span class=\"_ _0\"></span>lities t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x7 h4f y1166 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes in t<span class=\"_ _0\"></span>he level of cu<span class=\"_ _2b\"></span>rrency exchange rat<span class=\"_ _2b\"></span>es when there is a</div>\n<div class=\"t m0 x7 h4f y1167 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">mismatc<span class=\"_ _2b\"></span>h between the r<span class=\"_ _2b\"></span>elevant curre<span class=\"_ _0\"></span>ncy of t<span class=\"_ _0\"></span>he asset<span class=\"_ _0\"></span>s and lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span>. At</div>\n<div class=\"t m0 x7 h4f y1168 ff173 fs3a fc14 sc0 lsfd ws116\" style=\"z-index: 15;\">Gr<span class=\"lse0 wsf0\">oup level,<span class=\"_ _0\"></span> this includ<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>sit<span class=\"_ _2b\"></span>uations where Age<span class=\"_ _2b\"></span>as has assets (in </span></div>\n<div class=\"t m0 x7 h4f y1169 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">subsidiaries and<span class=\"_ _2\"></span> equity associates) or liabi<span class=\"_ _2\"></span>lities (from funding) that<span class=\"_ _2\"></span> are</div>\n<div class=\"t m0 x7 h4f y116a ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-</span><span class=\"ws103\">euro deno<span class=\"_ _2\"></span>minated.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y116b ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y116c ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019s<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">i<span class=\"_ _2\"></span>nvestment policy lim<span class=\"_ _2\"></span>its this risk b<span class=\"_ _2\"></span>y requiring the cur<span class=\"_ _2\"></span>rency </span></div>\n<div class=\"t m0 x1a h4f y116d ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">mismatch between a<span class=\"_ _2\"></span>ssets an<span class=\"ls102 ws115\">d liabilit<span class=\"_ _2\"></span>ies <span class=\"lsfc\">with<span class=\"_ _2\"></span>in<span class=\"ls0 ws0\"> </span></span></span>subsidiaries<span class=\"_ _2\"></span> to be</div>\n<div class=\"t m0 x1a h4f y116e ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">minimis<span class=\"_ _0\"></span>ed and in mos<span class=\"_ _0\"></span>t cases<span class=\"ls0 ws0\">, </span>it is elimi<span class=\"_ _2b\"></span>nated entirely. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y116f ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1170 ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019s<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">policy is not to hedg<span class=\"_ _0\"></span>e equity i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts and pe<span class=\"_ _0\"></span>rmanent </span></span></div>\n<div class=\"t m0 x1a h4f y1171 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">funding f<span class=\"_ _0\"></span>or subsidi<span class=\"_ _2b\"></span>aries and equity as<span class=\"_ _0\"></span>sociates i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>ency. Ag<span class=\"_ _0\"></span>eas</div>\n<div class=\"t m0 x1a h4f y1172 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accepts t<span class=\"_ _0\"></span>he misma<span class=\"_ _0\"></span>tch arisin<span class=\"_ _0\"></span>g from owne<span class=\"_ _0\"></span>rship of loc<span class=\"_ _0\"></span>al operat<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f y1173 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">companies i<span class=\"_ _2\"></span>n non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">euro curre<span class=\"_ _0\"></span>ncies as a cons<span class=\"_ _0\"></span>equenc<span class=\"_ _0\"></span>e of being an </span></span></div>\n<div class=\"t m0 x1a h4f y1174 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">internationa<span class=\"_ _2\"></span>l group.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 366px; height: 740px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 366px; height: 740px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 366px; height: 740px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 366px; height: 740px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff179 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The main curren<span class=\"_ _2\"></span>cy risk exposures to foreign curren<span class=\"_ _2\"></span>cies as at 31<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">December</span> <span class=\"lse0 wsfa\">are st<span class=\"_ _2b\"></span>ated in the fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g table. T<span class=\"_ _2b\"></span>he exposures s<span class=\"_ _0\"></span>hown ar<span class=\"_ _2b\"></span>e net (assets mi<span class=\"_ _2b\"></span>nus </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities)<span class=\"_ _2\"></span>, after any hedgi<span class=\"_ _2\"></span>ng denominated in <span class=\"_ _2\"></span>euros<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff179 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1049px; z-index: 15;\">At 31 December 2022<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 259px; bottom: 1049px; z-index: 15;\">HKD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 307px; bottom: 1049px; z-index: 15;\">GBP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 354px; bottom: 1049px; z-index: 15;\">USD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 401px; bottom: 1049px; z-index: 15;\">CNY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 450px; bottom: 1049px; z-index: 15;\">INR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff179 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 492px; bottom: 1049px; z-index: 15;\">MYR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 542px; bottom: 1049px; z-index: 15;\">PHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 589px; bottom: 1049px; z-index: 15;\">THB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 636px; bottom: 1049px; z-index: 15;\">VND<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 682px; bottom: 1049px; z-index: 15;\">RON<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 731px; bottom: 1049px; z-index: 15;\">TRY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y601 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1049px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff179 fs3c fc14 sc0 lse7 ws0\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Total a<span class=\"_ _0\"></span>ssets<span class=\"_ _0\"></span><span class=\"ls0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 1019px; z-index: 15;\">199<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 1019px; z-index: 15;\">3,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 1019px; z-index: 15;\">913<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 1019px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 443px; bottom: 1019px; z-index: 15;\">1,875<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 1019px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 1019px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 1019px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 1019px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 1019px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 1019px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 1019px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Total liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 268px; bottom: 1004px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 1004px; z-index: 15;\">2,596<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 367px; bottom: 1004px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 443px; bottom: 1004px; z-index: 15;\">1,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 697px; bottom: 1004px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 1004px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Total assets minus liabilities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 989px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 989px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 989px; z-index: 15;\">911<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 989px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 989px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 989px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 989px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 989px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 989px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 989px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 989px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 989px; z-index: 15;\">46<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc14 sc0 lse8 ws10b\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Off <span class=\"lse4 wsf4\">balance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 974px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 352px; bottom: 974px; z-index: 15;\">(435)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 959px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 959px; z-index: 15;\">589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 959px; z-index: 15;\">476<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 959px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 959px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 959px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 959px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 959px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 959px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 959px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 959px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 959px; z-index: 15;\">46<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Of which invested in subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">and equity associates</span> </div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 930px; z-index: 15;\">199<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 930px; z-index: 15;\">730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 363px; bottom: 930px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 930px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 930px; z-index: 15;\">420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 930px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 930px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 930px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 930px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 930px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 930px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff179 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 899px; z-index: 15;\">At 31 December 2021<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 259px; bottom: 899px; z-index: 15;\">HKD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 307px; bottom: 899px; z-index: 15;\">GBP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 354px; bottom: 899px; z-index: 15;\">USD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 401px; bottom: 899px; z-index: 15;\">CNY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 450px; bottom: 899px; z-index: 15;\">INR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff179 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 492px; bottom: 899px; z-index: 15;\">MYR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 542px; bottom: 899px; z-index: 15;\">PHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 589px; bottom: 899px; z-index: 15;\">THB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 636px; bottom: 899px; z-index: 15;\">VND<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 682px; bottom: 899px; z-index: 15;\">RON<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 731px; bottom: 899px; z-index: 15;\">TRY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 899px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff179 fs3c fc14 sc0 lse7 ws0\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Total a<span class=\"_ _0\"></span>ssets<span class=\"_ _0\"></span><span class=\"ls0\"> </span></div>\n<div class=\"t m0 x19e h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 869px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 869px; z-index: 15;\">4,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 350px; bottom: 869px; z-index: 15;\">1,343<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 869px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 869px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 869px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 869px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 869px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 869px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 869px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 869px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 869px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Total liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 268px; bottom: 854px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 854px; z-index: 15;\">4,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 367px; bottom: 854px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 697px; bottom: 854px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 854px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 839px; z-index: 15;\">Total assets minus liabilities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 839px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 839px; z-index: 15;\">964<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 350px; bottom: 839px; z-index: 15;\">1,342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 839px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 839px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 839px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 839px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 839px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 839px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 839px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 839px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 839px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">Off balance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 824px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 352px; bottom: 824px; z-index: 15;\">(678)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 809px; z-index: 15;\">Net position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 809px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 809px; z-index: 15;\">942<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 809px; z-index: 15;\">664<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 809px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 809px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 809px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 809px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 809px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 809px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 809px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 809px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 809px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 795px; z-index: 15;\">Of which invested in subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 780px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">and equity associates</span> </div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 780px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 780px; z-index: 15;\">939<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 363px; bottom: 780px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 780px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 780px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 780px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 780px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 780px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 780px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 780px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 780px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 780px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1185 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1186 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1187 ff179 fs3a fc28 sc0 lsf4 ws10c\" style=\"z-index: 15;\">E. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"lsfd ws160\">PROPERTY RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1188 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y risk aris<span class=\"_ _0\"></span>es as a result of<span class=\"_ _0\"></span> sensitiv<span class=\"_ _0\"></span>ity of assets<span class=\"_ _0\"></span> and liab<span class=\"_ _0\"></span>ilities to</div>\n<div class=\"t m0 x7 h4f y1189 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the level o<span class=\"_ _0\"></span>r volatili<span class=\"_ _0\"></span>ty of market<span class=\"_ _0\"></span> prices of pr<span class=\"_ _2b\"></span>operty or their yiel<span class=\"_ _0\"></span>d.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y118a ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y118b ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For risk man<span class=\"_ _0\"></span>agement<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>purp<span class=\"_ _0\"></span>oses, Ag<span class=\"_ _0\"></span>eas defi<span class=\"_ _0\"></span>nes the exp<span class=\"_ _0\"></span>osure to rea<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x7 h4f y118c ff179 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estate b<span class=\"_ _0\"></span>ased on t<span class=\"_ _2b\"></span>he market val<span class=\"_ _0\"></span>ue of the<span class=\"_ _2b\"></span>se as<span class=\"wsf0\">sets, inclu<span class=\"_ _0\"></span>ding ass<span class=\"_ _0\"></span>ets held </span></div>\n<div class=\"t m0 x7 h4f y118d ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for own use a<span class=\"_ _0\"></span>nd IFRS 16 le<span class=\"_ _0\"></span>ase asset<span class=\"_ _0\"></span>s. The exp<span class=\"_ _0\"></span>osure consi<span class=\"_ _2b\"></span>dered differs</div>\n<div class=\"t m0 x7 h4f y118e ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">from the exp<span class=\"_ _2b\"></span>osure reported un<span class=\"_ _0\"></span>der IFRS def<span class=\"_ _2b\"></span>initions, whic<span class=\"_ _0\"></span>h exclud<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x1a h4f y118f ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unrealised ga<span class=\"_ _2\"></span>ins or losses. <span class=\"_ _2\"></span>The table below i<span class=\"_ _2\"></span>dentifies what Agea<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y1190 ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">considers e<span class=\"_ _2\"></span>conomic exposur<span class=\"ws103\">e to rea<span class=\"_ _2\"></span>l estate and how this is reconci<span class=\"_ _2\"></span>led </span></div>\n<div class=\"t m0 x1a h4f y1191 ff179 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the fi<span class=\"_ _2b\"></span>gures reported<span class=\"_ _0\"></span> under I<span class=\"_ _0\"></span>FRS.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1192 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1193 ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For interna<span class=\"_ _2\"></span>l risk management <span class=\"_ _2\"></span>purposes, Ageas appli<span class=\"_ _2\"></span>es an internal</div>\n<div class=\"t m0 x1a h4f y1194 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">model for re<span class=\"_ _2b\"></span>al estate in its main subs<span class=\"_ _2b\"></span>idiaries, in whic<span class=\"_ _2b\"></span>h real estate risk is</div>\n<div class=\"t m0 x1a h4f y1195 ff179 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">treate<span class=\"_ _0\"></span>d accordi<span class=\"_ _0\"></span>ng to t<span class=\"_ _0\"></span>he underl<span class=\"_ _2b\"></span>yi<span class=\"lse2 ws103\">ng econom<span class=\"_ _2\"></span>ic exposure, rather than </span></div>\n<div class=\"t m0 x1a h4f y1196 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS clas<span class=\"_ _0\"></span>sificat<span class=\"_ _0\"></span>ion of the ass<span class=\"_ _2b\"></span>ets.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1197 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1198 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff179 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x25f h52 y608 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 575px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y608 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 575px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Type of a<span class=\"_ _0\"></span>sset<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y603 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y603 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff17b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y608 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y608 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Investment properties (see not<span class=\"_ _0\"></span>e 11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 530px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 530px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 515px; z-index: 15;\">PP&amp;E: land and buildin<span class=\"_ _0\"></span>gs for own use and <span class=\"_ _2b\"></span>C<span class=\"_ _2\"></span>ar park<span class=\"_ _0\"></span>s (see note 16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 515px; z-index: 15;\">2,038<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 515px; z-index: 15;\">1,592<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 500px; z-index: 15;\">Property intended for sale (see note 15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 500px; z-index: 15;\">240<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 500px; z-index: 15;\">323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff17c fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 485px; z-index: 15;\">Total<span class=\"_ _2\"></span> (at amorti<span class=\"_ _2\"></span>sed cost)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 485px; z-index: 15;\">5,308<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 485px; z-index: 15;\">5,032<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 470px; z-index: 15;\">Real estate funds (at fair value)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 470px; z-index: 15;\">619<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 470px; z-index: 15;\">1,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff17c fs3c fc1f sc0 lsec ws100\" style=\"left: 69px; bottom: 455px; z-index: 15;\">Total<span class=\"_ _2\"></span> IFRS real<span class=\"_ _2\"></span> estate exp<span class=\"_ _2\"></span>osure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 455px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 455px; z-index: 15;\">6,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f7 ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f7 ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff17b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 426px; z-index: 15;\">Unrealised capital gain (<span class=\"_ _0\"></span>Economic exposure)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y5fc ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5fc ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 411px; z-index: 15;\">Investment properties (see not<span class=\"_ _0\"></span>e 11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 411px; z-index: 15;\">1,237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 411px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 396px; z-index: 15;\">PP&amp;E: land and buildin<span class=\"_ _0\"></span>gs for own use <span class=\"_ _0\"></span>(see note 16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 396px; z-index: 15;\">763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 396px; z-index: 15;\">723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff17c fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 381px; z-index: 15;\">Total Economic real <span class=\"_ _0\"></span>estate exposure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 381px; z-index: 15;\">7,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 381px; z-index: 15;\">8,027<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 370px; height: 736px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 370px; height: 736px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 370px; height: 736px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 370px; height: 736px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ff180 fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _2b\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff17e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">sh<span class=\"_ _2b\"></span>ows the gross i<span class=\"_ _0\"></span>mpact on t<span class=\"_ _0\"></span>he IFR<span class=\"_ _0\"></span>S income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent and<span class=\"_ _0\"></span> IFRS equ<span class=\"_ _2b\"></span>ity as the result<span class=\"_ _0\"></span> of a pr<span class=\"_ _0\"></span>operty<span class=\"_ _0\"></span> stress c<span class=\"_ _0\"></span>orrespo<span class=\"_ _2b\"></span>nding to a 1/3<span class=\"lse2 ws103\">0 return </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period (on<span class=\"_ _2\"></span> average 14%).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 501px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff17e fs3c fc1f sc0 lsef ws10a\" style=\"left: 501px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y608 ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 586px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff17e fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 577px; bottom: 1004px; z-index: 15;\">IFRS <span class=\"lse4 wsf4\">Equity<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19d h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 674px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 684px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff17e fs3c fc1f sc0 lsef ws10a\" style=\"left: 674px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y608 ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 758px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff17e fs3c fc1f sc0 lse4 wsf6\" style=\"left: 749px; bottom: 1004px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 713px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 973px; z-index: 15;\">Property risk downwards<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 973px; z-index: 15;\">(142)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 973px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 973px; z-index: 15;\">(203)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 973px; z-index: 15;\">(307)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1135 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1136 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1137 ff17e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">F. <span class=\"ls0 ws0\"> <span class=\"_ _46\"> </span><span class=\"ls104 ws116\">MARK<span class=\"_ _0\"></span>ET CONCENTRATI<span class=\"_ _2b\"></span>O<span class=\"_ _2\"></span>N RISK<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1138 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Market ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>centrat<span class=\"_ _0\"></span>ion refer<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>to ris<span class=\"_ _2b\"></span>ks stemming from a l<span class=\"_ _0\"></span>ack of</div>\n<div class=\"t m0 x7 h4f y1139 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">diversi<span class=\"_ _0\"></span>ficatio<span class=\"_ _0\"></span>n in the asset<span class=\"_ _0\"></span> portfoli<span class=\"_ _0\"></span>o stemmi<span class=\"_ _0\"></span>ng from a lar<span class=\"_ _0\"></span>ge expos<span class=\"_ _0\"></span>ure by a</div>\n<div class=\"t m0 x7 h4f y113a ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">single is<span class=\"_ _2\"></span>suer of securities<span class=\"_ _2\"></span> or a group of r<span class=\"_ _2\"></span>elated issuers.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y113b ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y113c ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Concentration<span class=\"_ _2\"></span> risk can arise <span class=\"_ _2\"></span>due to large aggrega<span class=\"_ _2\"></span>te exposures to<span class=\"_ _2\"></span> single</div>\n<div class=\"t m0 x7 h4f y113d ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">counte<span class=\"_ _0\"></span>rparties o<span class=\"_ _2b\"></span>r an aggregate of exp<span class=\"_ _0\"></span>osures to a nu<span class=\"_ _0\"></span>mber of pos<span class=\"_ _0\"></span>itively</div>\n<div class=\"t m0 x7 h4f y113e ff17e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">correlat<span class=\"ws103\">ed coun<span class=\"_ _2\"></span>terparties (i.e. tendency t<span class=\"_ _2\"></span>o default under similar </span></div>\n<div class=\"t m0 x7 h4f y113f ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">circumst<span class=\"_ _2b\"></span>ances) with t<span class=\"_ _2b\"></span>he potential t<span class=\"_ _0\"></span>o produc<span class=\"_ _2b\"></span>e a significa<span class=\"_ _0\"></span>nt <span class=\"lse2 wsf1\">number<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">of </span></span></span></div>\n<div class=\"t m0 x7 h4f y1140 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ents due to<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>a bankr<span class=\"_ _2b\"></span>uptcy or failure to p<span class=\"_ _0\"></span>ay. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1141 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1142 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Avoida<span class=\"_ _0\"></span>nce of co<span class=\"_ _0\"></span>ncentr<span class=\"_ _0\"></span>ation is t<span class=\"_ _0\"></span>herefo<span class=\"_ _0\"></span>re funda<span class=\"_ _0\"></span>mental<span class=\"_ _0\"></span> to <span class=\"lse2 wsf1\">Ageas</span><span class=\"lsfb\">'s<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">c<span class=\"_ _2\"></span>redit </span></span></span></div>\n<div class=\"t m0 x7 h4f y1143 ff17e fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">risk s<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">trat<span class=\"_ _0\"></span>egy of m<span class=\"_ _0\"></span>aintai<span class=\"_ _0\"></span>ning gr<span class=\"_ _0\"></span>anular, <span class=\"_ _0\"></span>liquid a<span class=\"_ _0\"></span>nd dive<span class=\"_ _0\"></span>rsified p<span class=\"_ _2b\"></span>ortfolios. </span></div>\n<div class=\"t m0 x7 h4f y1144 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Each loc<span class=\"_ _2b\"></span>al business is <span class=\"_ _0\"></span>respons<span class=\"_ _0\"></span>ible for<span class=\"_ _2b\"></span> its own counte<span class=\"_ _0\"></span>rparty<span class=\"_ _0\"></span> limits, t<span class=\"_ _2b\"></span>aking</div>\n<div class=\"t m0 x7 h4f y1145 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">into acco<span class=\"_ _0\"></span>unt its part<span class=\"_ _0\"></span>icular sit<span class=\"_ _2b\"></span>uation and any Gro<span class=\"_ _0\"></span>up requirem<span class=\"_ _2b\"></span>ents. Each</div>\n<div class=\"t m0 x7 h4f y1146 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">local bus<span class=\"_ _2b\"></span>iness is in ch<span class=\"_ _0\"></span>arge of c<span class=\"_ _2b\"></span>ontinuous <span class=\"lse2\">monitoring. Periodi<span class=\"_ _2\"></span>c reporting </span></div>\n<div class=\"t m0 x7 h4f y11a9 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">allows t<span class=\"_ _0\"></span>he Grou<span class=\"_ _2b\"></span>p to check thes<span class=\"_ _0\"></span>e limit<span class=\"_ _0\"></span>s and mon<span class=\"_ _2b\"></span>itor the overa<span class=\"_ _0\"></span>ll posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y11aa ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11ab ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">To mana<span class=\"_ _0\"></span>ge the c<span class=\"_ _0\"></span>oncentr<span class=\"_ _0\"></span>ation of<span class=\"_ _0\"></span> credi<span class=\"_ _0\"></span>t risk, <span class=\"_ _0\"></span>Ageas\u2019s i<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ent limits</div>\n<div class=\"t m0 x7 h4f y11ac ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">aim to s<span class=\"_ _0\"></span>pread th<span class=\"_ _0\"></span>e credit<span class=\"_ _0\"></span> risk ac<span class=\"_ _0\"></span>ross dif<span class=\"_ _2b\"></span>ferent secto<span class=\"_ _0\"></span>rs and co<span class=\"_ _0\"></span>untries<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x7 h4f y11ad ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas monit<span class=\"ws103\">o<span class=\"_ _2\"></span>rs its largest exposures to<span class=\"_ _2\"></span> individual entities, group<span class=\"_ _2\"></span>s of </span></div>\n<div class=\"t m0 x7 h4f y11ae ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compani<span class=\"_ _2b\"></span>es (Total One Oblig<span class=\"_ _0\"></span>or) and othe<span class=\"_ _0\"></span>r potent<span class=\"_ _0\"></span>ial concent<span class=\"_ _2b\"></span>rations such</div>\n<div class=\"t m0 x7 h4f y11af ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as sectors<span class=\"_ _0\"></span> and geogra<span class=\"_ _2b\"></span>phic areas to ensur<span class=\"_ _0\"></span>e adequat<span class=\"_ _0\"></span>e diversif<span class=\"_ _2b\"></span>ication and</div>\n<div class=\"t m0 x7 h4f y11b0 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">identif<span class=\"_ _0\"></span>icatio<span class=\"_ _0\"></span>n of signific<span class=\"_ _2b\"></span>ant concentrat<span class=\"_ _0\"></span>ion risk.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 554px; height: 377px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x1a h4f y11b1 ff17e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">G. <span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span>I<span class=\"ls104 ws116\">NFLATION RISK</span> </span></div>\n<div class=\"t m0 x1a h4f y11b2 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Inflati<span class=\"_ _0\"></span>on risk a<span class=\"_ _0\"></span>rises t<span class=\"_ _0\"></span>hrough t<span class=\"_ _0\"></span>he impa<span class=\"_ _0\"></span>ct of t<span class=\"_ _0\"></span>he level <span class=\"_ _0\"></span>or volati<span class=\"_ _2b\"></span>lity of inflat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y11b3 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rates on the v<span class=\"_ _0\"></span>alue of ass<span class=\"_ _0\"></span>ets &amp; liabil<span class=\"_ _0\"></span>ities.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11b4 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y11b5 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not activ<span class=\"_ _0\"></span>ely seek to tak<span class=\"_ _2b\"></span>e on inflation risk<span class=\"_ _0\"></span>; however,<span class=\"_ _0\"></span> it may</div>\n<div class=\"t m0 x1a h4f y11b6 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">choose to h<span class=\"_ _0\"></span>old assets<span class=\"_ _0\"></span> whose retu<span class=\"_ _2b\"></span>rns are expl<span class=\"wsfa\">icitly<span class=\"_ _0\"></span> linke<span class=\"_ _0\"></span>d to infl<span class=\"_ _0\"></span>ation. </span></div>\n<div class=\"t m0 x1a h4f y11b7 ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Moreover, <span class=\"_ _2\"></span>some insurance liabil<span class=\"_ _2\"></span>ities are expli<span class=\"_ _2\"></span>citly or implicitly<span class=\"_ _2\"></span> dependent</div>\n<div class=\"t m0 x1a h4f y11b8 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on inflat<span class=\"_ _0\"></span>ion rates.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Inflatio<span class=\"_ _0\"></span>n risk can man<span class=\"_ _2b\"></span>ifest in differen<span class=\"_ _0\"></span>t ways, suc<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>as </span></span></div>\n<div class=\"t m0 x1a h4f y11b9 ff17e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">higher than ant<span class=\"_ _2\"></span>icipated expenses and claims<span class=\"_ _2\"></span> costs. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11ba ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y11bb ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life insu<span class=\"_ _0\"></span>rance obl<span class=\"_ _0\"></span>igatio<span class=\"lse2 ws103\">ns are typically expressed in nom<span class=\"_ _2\"></span>inal terms, </span></div>\n<div class=\"t m0 x1a h4f y11bc ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">however f<span class=\"_ _2b\"></span>or Non<span class=\"ls0 ws0\">-</span>Life and H<span class=\"_ _0\"></span>ealth li<span class=\"_ _2b\"></span>nes inflation c<span class=\"_ _2b\"></span>an result in cl<span class=\"_ _0\"></span>aims th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x1a h4f y11bd ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are high<span class=\"_ _2b\"></span>er than assumed <span class=\"_ _2b\"></span>in terms of pric<span class=\"_ _0\"></span>ing. Th<span class=\"_ _0\"></span>is can b<span class=\"_ _0\"></span>e mitig<span class=\"_ _0\"></span>ated</div>\n<div class=\"t m0 x1a h4f y11be ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through pe<span class=\"_ _2\"></span>riodic review of prod<span class=\"_ _2\"></span>uct pricing and<span class=\"_ _2\"></span> through controls <span class=\"_ _2\"></span>in the<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11bf ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">claims mana<span class=\"_ _2\"></span>gement process.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11c0 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y11c1 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Where A<span class=\"_ _0\"></span>geas co<span class=\"_ _0\"></span>nsiders<span class=\"_ _0\"></span> that th<span class=\"_ _0\"></span>e inflat<span class=\"_ _0\"></span>ion risk <span class=\"_ _2b\"></span>is not adequate<span class=\"_ _0\"></span>ly cove<span class=\"_ _0\"></span>red</div>\n<div class=\"t m0 x1a h4f y11c2 ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">in under <span class=\"_ _2\"></span>the regulatory capi<span class=\"_ _2\"></span>tal regime<span class=\"ls0 ws0\"> </span><span class=\"ws103\">or through<span class=\"_ _2\"></span> indirect methods<span class=\"lsf4 ws0\">, it </span></span></div>\n<div class=\"t m0 x1a h4f y11c3 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">may consi<span class=\"_ _0\"></span>der an <span class=\"lse2 wsfa\">explicit add<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span>on fo<span class=\"_ _0\"></span>r inflati<span class=\"_ _0\"></span>on risk unde<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>Pill<span class=\"_ _2b\"></span>ar II.<span class=\"ls0 ws0\"> T<span class=\"_ _2\"></span><span class=\"ls106 ws10c\">his is </span></span></div>\n<div class=\"t m0 x1a h4f y11c4 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">current<span class=\"_ _0\"></span>ly done in cou<span class=\"_ _0\"></span>ntries wit<span class=\"_ _2b\"></span>h material inflat<span class=\"_ _2b\"></span>ion risk related to an<span class=\"_ _0\"></span>nuities<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y11c5 ff17e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">stemming from<span class=\"_ _2\"></span> Workmen\u2019s Compensation policies<span class=\"_ _2\"></span>.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 553px; height: 553px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 553px; height: 553px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 553px; height: 553px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 553px; height: 553px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff183 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he concent<span class=\"_ _2b\"></span>ration of credit ri<span class=\"_ _0\"></span>sk as at 31 Dec<span class=\"_ _0\"></span>ember by typ<span class=\"_ _0\"></span>e and by<span class=\"ls0 ws0\"> </span>locat<span class=\"_ _0\"></span>ion of the Ageas<span class=\"_ _0\"></span> entity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 1065px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 1050px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 1035px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 1050px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 1035px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 1050px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 1035px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 1050px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x164 h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 1035px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 1035px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y603 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 1035px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 1005px; z-index: 15;\">27,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 1005px; z-index: 15;\">12,865<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 1005px; z-index: 15;\">9,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 1005px; z-index: 15;\">1,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 1005px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1005px; z-index: 15;\">50,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 990px; z-index: 15;\">3,832<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 990px; z-index: 15;\">2,246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 990px; z-index: 15;\">2,211<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 990px; z-index: 15;\">119<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">8,408<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 975px; z-index: 15;\">3,504<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 975px; z-index: 15;\">1,402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 975px; z-index: 15;\">653<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f4 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 975px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">5,645<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 960px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 960px; z-index: 15;\">328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 960px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 960px; z-index: 15;\">1,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f2 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 960px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">2,763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 945px; z-index: 15;\">766<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 945px; z-index: 15;\">417<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 513px; bottom: 945px; z-index: 15;\">7</div>\n<div class=\"t m0 x52 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 606px; bottom: 945px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 945px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,204<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 931px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 931px; z-index: 15;\">756<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 931px; z-index: 15;\">226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f9 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f9 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 931px; z-index: 15;\">1,445<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">General Account and elimina<span class=\"_ _0\"></span>tions*<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 916px; z-index: 15;\">693<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 916px; z-index: 15;\">(1,570)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 916px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 916px; z-index: 15;\">(800)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y656 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 901px; z-index: 15;\">32,214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 901px; z-index: 15;\">16,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 901px; z-index: 15;\">10,001<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 901px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 901px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 901px; z-index: 15;\">61,208<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y63a ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 ydd0 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 854px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 839px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 290px; bottom: 824px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 839px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 824px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 839px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 824px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 839px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 824px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 824px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 824px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 794px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 794px; z-index: 15;\">33,435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 794px; z-index: 15;\">15,281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 794px; z-index: 15;\">7,924<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 794px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 794px; z-index: 15;\">78<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 794px; z-index: 15;\">58,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 779px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 779px; z-index: 15;\">6,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 779px; z-index: 15;\">3,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 779px; z-index: 15;\">2,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 779px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 779px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 779px; z-index: 15;\">12,925<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 764px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 764px; z-index: 15;\">4,330<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 764px; z-index: 15;\">1,747<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 764px; z-index: 15;\">661<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y605 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 764px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 764px; z-index: 15;\">60<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 764px; z-index: 15;\">6,798<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 749px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 749px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 749px; z-index: 15;\">1,142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 749px; z-index: 15;\">1,708<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y603 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 749px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 749px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 749px; z-index: 15;\">3,228<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 734px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 734px; z-index: 15;\">2,014<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 734px; z-index: 15;\">792<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 734px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 734px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 734px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 734px; z-index: 15;\">2,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 719px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 719px; z-index: 15;\">4</div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 719px; z-index: 15;\">8</div>\n<div class=\"t m0 x30 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 719px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 705px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 705px; z-index: 15;\">522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 705px; z-index: 15;\">979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 705px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 705px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f2 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 705px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 705px; z-index: 15;\">1,737<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 690px; z-index: 15;\">General Account and elimina<span class=\"_ _0\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 690px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 690px; z-index: 15;\">1,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 690px; z-index: 15;\">(1,516)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 690px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 690px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 690px; z-index: 15;\">(313)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 675px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 675px; z-index: 15;\">40,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 675px; z-index: 15;\">21,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 496px; bottom: 675px; z-index: 15;\">9,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 675px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 675px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 675px; z-index: 15;\">72,760<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y11dc ff185 fs3f fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">* <span class=\"_ _1af\"> </span><span class=\"lsf1 ws107\">The line \u2018General Account and eliminations\u2019 is mainly linked to the reinsurance programme</span> <span class=\"lsf1 ws107\">and Group Treasur<span class=\"_ _2\"></span>y.</span> </div>\n<div class=\"t m0 x7 h4f y11dd ff183 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11de ff183 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y11df ff183 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es inform<span class=\"_ _2b\"></span>ation on the co<span class=\"_ _2b\"></span>ncentration of<span class=\"_ _0\"></span> credit r<span class=\"_ _2b\"></span>isk as at 31 Dec<span class=\"_ _2b\"></span>ember by type an<span class=\"_ _2b\"></span>d location of <span class=\"lse2 wsf1\">counterparty.<span class=\"ls0 ws0\"> </span></span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 550px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 580px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff183 fs3c fc1f sc0 ls0 ws0\" style=\"left: 287px; bottom: 565px; z-index: 15;\"> <span class=\"lse4 wsf3\">and official </span> </div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 550px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 565px; z-index: 15;\">Credit <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 383px; bottom: 550px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 565px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 550px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 565px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 550px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 550px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f9 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 550px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 520px; z-index: 15;\">16,534<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 520px; z-index: 15;\">1,769<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 520px; z-index: 15;\">2,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 520px; z-index: 15;\">1,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 520px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 520px; z-index: 15;\">22,833<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 505px; z-index: 15;\">14,857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 505px; z-index: 15;\">11,864<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 505px; z-index: 15;\">7,212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 505px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 505px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 505px; z-index: 15;\">34,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 490px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 490px; z-index: 15;\">4,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 490px; z-index: 15;\">3,009<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 490px; z-index: 15;\">1,428<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 490px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 490px; z-index: 15;\">1</div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 490px; z-index: 15;\">8,715<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 475px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 475px; z-index: 15;\">1,580<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 475px; z-index: 15;\">324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 475px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 475px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 475px; z-index: 15;\">2,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 460px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 460px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 460px; z-index: 15;\">1,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 460px; z-index: 15;\">803<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 460px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 460px; z-index: 15;\">2,303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 445px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 445px; z-index: 15;\">8,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 445px; z-index: 15;\">7,273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 445px; z-index: 15;\">4,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y647 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 606px; bottom: 445px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 445px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 445px; z-index: 15;\">20,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 430px; z-index: 15;\">764<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 430px; z-index: 15;\">818<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 430px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 430px; z-index: 15;\">4</div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 430px; z-index: 15;\">1,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Other countries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 323px; bottom: 416px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 416px; z-index: 15;\">2,526<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 416px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 416px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 416px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 416px; z-index: 15;\">2,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 401px; z-index: 15;\">32,214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 401px; z-index: 15;\">16,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 401px; z-index: 15;\">10,001<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 401px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 401px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 401px; z-index: 15;\">61,208<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 324px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y608 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 354px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 339px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 324px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 339px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 324px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 339px; z-index: 15;\">Corporate <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 324px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 339px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 324px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 324px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f2 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 324px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 293px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 293px; z-index: 15;\">20,604<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 293px; z-index: 15;\">2,308<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 293px; z-index: 15;\">2,343<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 293px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 293px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 293px; z-index: 15;\">27,102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 279px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 279px; z-index: 15;\">19,935<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 279px; z-index: 15;\">14,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 279px; z-index: 15;\">6,635<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 279px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 279px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 279px; z-index: 15;\">41,600<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 264px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 264px; z-index: 15;\">6,193<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 264px; z-index: 15;\">4,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 264px; z-index: 15;\">1,362<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 264px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 264px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 264px; z-index: 15;\">11,862<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 249px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 249px; z-index: 15;\">2,530<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 249px; z-index: 15;\">255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 249px; z-index: 15;\">241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 249px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 249px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 249px; z-index: 15;\">3,047<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 234px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 234px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 234px; z-index: 15;\">1,415<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 234px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 234px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 234px; z-index: 15;\">2,592<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 219px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 219px; z-index: 15;\">10,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 219px; z-index: 15;\">8,992<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 219px; z-index: 15;\">4,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 219px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 219px; z-index: 15;\">24,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 204px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 204px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 204px; z-index: 15;\">493<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 204px; z-index: 15;\">65<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 204px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 204px; z-index: 15;\">2</div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 204px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 190px; z-index: 15;\">Other countries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 190px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 190px; z-index: 15;\">3,323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 190px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y601 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 190px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 190px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 190px; z-index: 15;\">3,498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 175px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 175px; z-index: 15;\">40,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 175px; z-index: 15;\">21,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 496px; bottom: 175px; z-index: 15;\">9,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 175px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 175px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 175px; z-index: 15;\">72,760<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 164px; height: 942px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 164px; height: 942px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 164px; height: 942px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 164px; height: 942px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 164px; height: 942px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below shows t<span class=\"_ _0\"></span>he highe<span class=\"_ _2b\"></span>st exposures t<span class=\"_ _2b\"></span>o ultimate par<span class=\"_ _2b\"></span>ents measured<span class=\"_ _2b\"></span> at fair value an<span class=\"_ _2b\"></span>d nominal val<span class=\"_ _0\"></span>ue with t<span class=\"_ _2b\"></span>heir ratings.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1065px; z-index: 15;\">Highest Exposure Top 10<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19a h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 487px; bottom: 1065px; z-index: 15;\">Group Rating<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 1065px; z-index: 15;\">Fair Value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 739px; bottom: 1065px; z-index: 15;\">Nominal Value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 513px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff188 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Kingdom of Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5ff ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 506px; bottom: 1035px; z-index: 15;\">AA<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x52 h52 y5ff ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1035px; z-index: 15;\">14,849<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y5ff ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1035px; z-index: 15;\">15,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">French Republic<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 507px; bottom: 1020px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 1020px; z-index: 15;\">4,862<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1020px; z-index: 15;\">4,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Portuguese Republic<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 1005px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 1005px; z-index: 15;\">2,599<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1005px; z-index: 15;\">2,591<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff188 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Kingdom of Spain<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 502px; bottom: 990px; z-index: 15;\">BBB+<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 990px; z-index: 15;\">2,208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">2,296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Republic of Austria<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 975px; z-index: 15;\">AA+<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 975px; z-index: 15;\">1,656<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">1,569<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Republic of Italy<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 502px; bottom: 960px; z-index: 15;\">BBB<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 960px; z-index: 15;\">1,216<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">1,553<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Federal Republic of Germany<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 945px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 945px; z-index: 15;\">1,151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 931px; z-index: 15;\">European <span class=\"wsf6\">Investment Bank<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 931px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f9 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 931px; z-index: 15;\">904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f9 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 931px; z-index: 15;\">899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Republic of India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 502px; bottom: 916px; z-index: 15;\">BBB<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x5c h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 916px; z-index: 15;\">743<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">731<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff188 fs3c fc14 sc0 lsf0 wsff\" style=\"left: 69px; bottom: 901px; z-index: 15;\">BNP Par<span class=\"_ _2\"></span>ibas SA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y656 ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 507px; bottom: 901px; z-index: 15;\">A+<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 901px; z-index: 15;\">736<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff18a fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5f7 ff18a fs3c fc1f sc0 ls0 ws0\" style=\"left: 513px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h54 y5f7 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 886px; z-index: 15;\">30,924<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f7 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 886px; z-index: 15;\">31,423<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y11f6 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11f7 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The Kin<span class=\"_ _0\"></span>gdom of B<span class=\"_ _0\"></span>elgium <span class=\"_ _0\"></span>remains t<span class=\"_ _2b\"></span>he top count<span class=\"_ _0\"></span>erparty.<span class=\"_ _0\"></span> Large ex<span class=\"_ _2b\"></span>posures in Lif<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance sub<span class=\"_ _0\"></span>sidiari<span class=\"_ _2b\"></span>es typically res<span class=\"_ _2b\"></span>ult from the pr<span class=\"_ _0\"></span>actice of<span class=\"_ _0\"></span> <span class=\"lse2\">holding large </span></div>\n<div class=\"t m0 x7 h4f y11f8 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">domest<span class=\"_ _0\"></span>ic sover<span class=\"_ _0\"></span>eign pos<span class=\"_ _0\"></span>itions.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 828px; height: 278px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 828px; height: 278px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y11f9 ff18b fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.1.2 <span class=\"ls0 ws0\"> <span class=\"_\"> </span></span><span class=\"wsf0\">Default risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y11fa ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Default ri<span class=\"_ _2b\"></span>sk is composed of two su<span class=\"_ _0\"></span>b<span class=\"ls0 ws0\">-</span><span class=\"lse1\">risks:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y11fb ff188 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">a.<span class=\"ls0 ws0\"> <span class=\"_ _22\"> </span></span><span class=\"wsf0\">investm<span class=\"_ _0\"></span>ent defau<span class=\"_ _0\"></span>lt risk;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y11fc ff188 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">b.<span class=\"ls0 ws0\"> <span class=\"_ _22\"> </span><span class=\"lse2 wsfa\">counterpart<span class=\"_ _2\"></span>y default risk.</span> </span></div>\n<div class=\"t m0 x7 h4f y11fd ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11fe ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The credit<span class=\"_ _0\"></span> exposur<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>n be found in not<span class=\"_ _0\"></span>e 9 Cash and c<span class=\"_ _0\"></span>ash equiva<span class=\"_ _0\"></span>lents; not<span class=\"_ _0\"></span>e 12 Loans; N<span class=\"_ _0\"></span>o<span class=\"lse2 ws103\">te 27 Derivatives held<span class=\"_ _2\"></span> for Trading and note 28 Commit<span class=\"_ _2\"></span>ments.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y11ff ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1200 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he impai<span class=\"_ _0\"></span>red credit ris<span class=\"_ _2b\"></span>k exposure as at 31 De<span class=\"_ _0\"></span>cember<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1201 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 415px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 492px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 549px; bottom: 666px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 642px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 720px; bottom: 666px; z-index: 15;\">  </div>\n<div><br/></div>\n<div class=\"t m0 x11e h52 y63a ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 666px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 381px; bottom: 636px; z-index: 15;\">Impaired<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 368px; bottom: 621px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 443px; bottom: 651px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 449px; bottom: 636px; z-index: 15;\">for specific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff188 fs3c fc1f sc0 lsef ws102\" style=\"left: 454px; bottom: 621px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 530px; bottom: 636px; z-index: 15;\">Coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff188 fs3c fc1f sc0 lsef ws10a\" style=\"left: 550px; bottom: 621px; z-index: 15;\">ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 636px; z-index: 15;\">Impaired<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 596px; bottom: 621px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 672px; bottom: 651px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y647 ff188 fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 678px; bottom: 636px; z-index: 15;\">for <span class=\"lsef ws10a\">s<span class=\"_ _2\"></span>pecific<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x152 h52 y603 ff188 fs3c fc1f sc0 lsef ws102\" style=\"left: 683px; bottom: 621px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 758px; bottom: 636px; z-index: 15;\">Coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff188 fs3c fc1f sc0 lsef ws10a\" style=\"left: 778px; bottom: 621px; z-index: 15;\">ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 415px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y601 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 492px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h54 y601 ff18b fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff18b fs3c fc14 sc0 ls0 ws0\" style=\"left: 642px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff18b fs3c fc14 sc0 ls0 ws0\" style=\"left: 720px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h54 y601 ff18b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 591px; z-index: 15;\">Interest bearing investments (<span class=\"_ _0\"></span>see note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 591px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 591px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 537px; bottom: 591px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 638px; bottom: 591px; z-index: 15;\">6</div>\n<div class=\"t m0 x160 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 591px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 591px; z-index: 15;\">350.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 576px; z-index: 15;\">Loans (see note 12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 576px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 576px; z-index: 15;\">(24)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 542px; bottom: 576px; z-index: 15;\">57.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 576px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 576px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 576px; z-index: 15;\">58.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 561px; z-index: 15;\">Other receivables (see no<span class=\"_ _0\"></span>te 14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 561px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 561px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 542px; bottom: 561px; z-index: 15;\">58.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 561px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 561px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 561px; z-index: 15;\">162.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 415px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 492px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 642px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 720px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y632 ff18a fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 531px; z-index: 15;\">Total im<span class=\"_ _2b\"></span>paired credi<span class=\"_ _0\"></span>t expos<span class=\"_ _2b\"></span>ure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 400px; bottom: 531px; z-index: 15;\">140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 531px; z-index: 15;\">(87)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 542px; bottom: 531px; z-index: 15;\">62.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 633px; bottom: 531px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 705px; bottom: 531px; z-index: 15;\">(98)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 765px; bottom: 531px; z-index: 15;\">121.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y120c ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y120d ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y120e ff188 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">A. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"lse2 ws103\">INVESTMENT DEFAULT RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y120f ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The inves<span class=\"_ _0\"></span>tment <span class=\"_ _0\"></span>default<span class=\"_ _0\"></span> risk re<span class=\"_ _0\"></span>present<span class=\"_ _0\"></span>s the r<span class=\"lse1 ws11d\">isk of actual default of </span></div>\n<div class=\"t m0 x7 h4f y1210 ff188 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">inves<span class=\"_ _2b\"></span>tments. Valu<span class=\"_ _2b\"></span>e movements d<span class=\"_ _0\"></span>ue to mark<span class=\"_ _0\"></span>et short<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">term </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1211 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity are cove<span class=\"_ _2b\"></span>red under market ri<span class=\"_ _0\"></span>sk. This do<span class=\"_ _0\"></span>es not inclu<span class=\"_ _2b\"></span>de contracts</div>\n<div class=\"t m0 x7 h4f y1212 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">covered <span class=\"_ _2b\"></span>under counter<span class=\"_ _0\"></span>party def<span class=\"_ _2b\"></span>ault risk (see s<span class=\"_ _2b\"></span>ection B).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1213 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1214 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This risk is m<span class=\"_ _2b\"></span>anaged through lim<span class=\"_ _2b\"></span>its which take int<span class=\"_ _0\"></span>o account<span class=\"_ _0\"></span> the type of</div>\n<div class=\"t m0 x7 h4f y1215 ff188 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit exposure<span class=\"_ _2\"></span>, credit quality and, where<span class=\"_ _2\"></span> needed, maturity, and throu<span class=\"_ _2\"></span>gh</div>\n<div class=\"t m0 x7 h4f y1216 ff188 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">regular mon<span class=\"_ _2\"></span>itoring and early w<span class=\"_ _2\"></span>arning systems. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1217 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1218 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment expos<span class=\"_ _0\"></span>ures are mo<span class=\"_ _0\"></span>nitored t<span class=\"_ _0\"></span>hrough a qua<span class=\"_ _2b\"></span>rterly Limit Br<span class=\"wsef\">ea<span class=\"_ _0\"></span>ch </span></div>\n<div class=\"t m0 x7 h4f y1219 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Report. L<span class=\"_ _0\"></span>imits are mo<span class=\"_ _2b\"></span>nitored on fair val<span class=\"_ _0\"></span>ues based o<span class=\"_ _0\"></span>n asset</div>\n<div class=\"t m0 x7 h4f y121a ff188 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">classificati<span class=\"_ _2\"></span>on. The limits are defined<span class=\"_ _2\"></span> by the following categories.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y121b ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y121c ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Limits on g<span class=\"_ _0\"></span>overnment<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>bond<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>e defined by c<span class=\"_ _0\"></span>ountry in m<span class=\"_ _0\"></span>ultiple w<span class=\"_ _2b\"></span>ays:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y121d ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse0 wsf0\">\u2018macro limits\u2019, d<span class=\"_ _0\"></span>efined as p<span class=\"_ _0\"></span>ercenta<span class=\"_ _2b\"></span>ges of gross <span class=\"lse2 wsfa\">domestic produ<span class=\"_ _2\"></span>ct </span></span></span></div>\n<div class=\"t m0 x25a h4f y121e ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(GDP), g<span class=\"_ _0\"></span>overnm<span class=\"_ _2b\"></span>ent debt and inv<span class=\"_ _2b\"></span>estment asset<span class=\"_ _0\"></span>s;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y121f ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 ws103\">T<span class=\"_ _2\"></span>otal One Obligor (TOO) limi<span class=\"_ _2\"></span>ts defined as maximum exposu<span class=\"_ _2\"></span>re to </span></span></div>\n<div class=\"t m0 x25a h4f y1220 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">one oblig<span class=\"_ _0\"></span>or based on cr<span class=\"_ _0\"></span>edit rati<span class=\"_ _0\"></span>ngs;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1221 ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 wsf1\">(<span class=\"_ _2\"></span>re</span><span class=\"ff188\">-<span class=\"lse0 wsfa\">)invest<span class=\"_ _0\"></span>ment re<span class=\"_ _2b\"></span>strictions: I<span class=\"_ _2b\"></span>ncreases in ex<span class=\"_ _0\"></span>posure t<span class=\"_ _0\"></span>o <span class=\"lse2 wsf1\">sovereigns<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x25a h4f y1222 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rated B<span class=\"_ _0\"></span>BB are on<span class=\"_ _2b\"></span>ly allowed o<span class=\"wsf0\">n the<span class=\"_ _0\"></span> conditio<span class=\"_ _0\"></span>n of having a st<span class=\"_ _0\"></span>able </span></div>\n<div class=\"t m0 x25a h4f y1223 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outlook<span class=\"_ _0\"></span>. No new <span class=\"_ _0\"></span>investm<span class=\"_ _2b\"></span>ents in soverei<span class=\"_ _0\"></span>gn debt w<span class=\"_ _2b\"></span>ith a rating be<span class=\"_ _0\"></span>low</div>\n<div class=\"t m0 x25a h4f y1224 ff188 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">BBB without the<span class=\"_ _2\"></span> approval of the A<span class=\"wsf1\">geas <span class=\"ls0 ws0\">R<span class=\"_ _2\"></span><span class=\"lse1 wsf0\">isk </span>C</span>ommittee<span class=\"lsf4 ws10c\">. <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y1225 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1226 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Limits o<span class=\"_ _0\"></span>n corpo<span class=\"_ _0\"></span>rate bon<span class=\"_ _0\"></span>ds are a<span class=\"_ _0\"></span>lso defi<span class=\"_ _0\"></span>ned on m<span class=\"_ _2b\"></span>ultiple criter<span class=\"_ _0\"></span>ia:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1227 ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 wsfa\">T<span class=\"_ _2\"></span>otal corporate bon<span class=\"_ _2\"></span>ds exposure as <span class=\"lse0 wsf0\">a percentage of the po<span class=\"_ _0\"></span>rtfoli<span class=\"_ _0\"></span>o;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1228 ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 ws103\">L<span class=\"_ _2\"></span>imits in function of the so<span class=\"_ _2\"></span>lvency capital required<span class=\"_ _2\"></span> for spread risk;</span><span class=\"ff188\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1229 ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 ws103\">L<span class=\"_ _2\"></span>imits by sector based on the cr<span class=\"_ _2\"></span>edit ratings;</span><span class=\"ff188\"> </span></span></div>\n<div class=\"t m0 x1a h4f y122a ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse0 wsf0\">Monitoring of con<span class=\"_ _0\"></span>centr<span class=\"_ _0\"></span>ated expos<span class=\"_ _2b\"></span>ure;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y122b ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 wsfa\">T<span class=\"_ _2\"></span>otal One Obligor.</span><span class=\"ff188\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 253px; height: 564px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 253px; height: 853px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 253px; height: 853px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff18e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The credit ra<span class=\"_ _2\"></span>ting ap<span class=\"wsfa\">plied by Ageas<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">is base<span class=\"_ _2b\"></span>d on the second<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">best availabl<span class=\"_ _2\"></span>e rating</span> </span>from Moody\u2019<span class=\"_ _0\"></span>s, Fitch an<span class=\"_ _0\"></span>d Standa<span class=\"_ _0\"></span>rd &amp; Poor\u2019s. F<span class=\"_ _2b\"></span>or <span class=\"_ _2\"></span>sp<span class=\"_ _0\"></span>ecific exp<span class=\"_ _2b\"></span>osure types, </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff18e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">other rat<span class=\"_ _0\"></span>ing agenc<span class=\"_ _0\"></span>ies can be us<span class=\"_ _0\"></span>ed, for exam<span class=\"_ _0\"></span>ple AM Best<span class=\"_ _0\"></span> for reins<span class=\"_ _0\"></span>urance co<span class=\"_ _0\"></span>unterpa<span class=\"_ _0\"></span>rties. In t<span class=\"_ _0\"></span>he paragr<span class=\"_ _0\"></span>aphs her<span class=\"_ _0\"></span>eafter, m<span class=\"_ _0\"></span>ore det<span class=\"lse2 wsfa\">ail is provided on<span class=\"_ _2\"></span> the credit </span></div>\n<div class=\"t m0 x7 h4f y804 ff18e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quality of <span class=\"lse0 wsf0\">loans; interes<span class=\"_ _0\"></span>t beari<span class=\"_ _0\"></span>ng inves<span class=\"_ _0\"></span>tments<span class=\"lse2 wsfa\">; government bonds; <span class=\"_ _2\"></span>corporate bonds; bank<span class=\"_ _2\"></span>s and other finan<span class=\"_ _2\"></span>cials.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yd15 ff190 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">1 <span class=\"_ _1ac\"> </span><span class=\"lse2 wsf1\">Loans </span> </div>\n<div class=\"t m0 x7 h4f yd16 ff18e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he credit qu<span class=\"_ _2b\"></span>ality of loans.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7b ff18e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 986px; z-index: 15;\"> </div>\n<div class=\"t m0 x18 h52 y601 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 608px; bottom: 986px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y601 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 986px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 x236 h52 y603 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 570px; bottom: 971px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y603 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 737px; bottom: 971px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 956px; z-index: 15;\">Investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y605 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y605 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff18e fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 941px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 941px; z-index: 15;\">1,359<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 941px; z-index: 15;\">1,402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff18e fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 926px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f2 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 926px; z-index: 15;\">2,225<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f2 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 926px; z-index: 15;\">2,335<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff18e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 911px; z-index: 15;\">A</div>\n<div class=\"t m0 x2a2 h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 911px; z-index: 15;\">2,429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 911px; z-index: 15;\">2,262<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff18e fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 896px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f2 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 896px; z-index: 15;\">617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f2 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 896px; z-index: 15;\">331<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y60e ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 882px; z-index: 15;\">6,630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y60e ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 882px; z-index: 15;\">6,330<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff18e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 867px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5f9 ff18e fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 867px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f9 ff18e fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 867px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 852px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y60e ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 852px; z-index: 15;\">7,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y60e ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 852px; z-index: 15;\">7,016<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 837px; z-index: 15;\">Residential mortgages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 837px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 837px; z-index: 15;\">1,175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 822px; z-index: 15;\">Total investments in lo<span class=\"_ _0\"></span>ans, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f7 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 822px; z-index: 15;\">15,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f7 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 822px; z-index: 15;\">14,521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 807px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 807px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 807px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff191 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 792px; z-index: 15;\">Total investments in loans, net (see note 12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y601 ff191 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 792px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y601 ff191 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 792px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1245 ff18e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h55 y1246 ff190 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">2 <span class=\"_ _1ac\"> </span><span class=\"lse2 wsfa\">Interest bearing i<span class=\"_ _2\"></span>nvestments</span> </div>\n<div class=\"t m0 x7 h4f y1247 ff18e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below outli<span class=\"_ _2b\"></span>nes the credit qual<span class=\"_ _0\"></span>ity of inte<span class=\"_ _0\"></span>rest<span class=\"ls0 ws0\">-</span>bearin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>inves<span class=\"_ _0\"></span>tments a<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>at 31<span class=\"ls0 ws0\"> </span><span class=\"wsef\">Dec<span class=\"_ _2b\"></span>ember.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1248 ff18e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x18 h52 y647 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 608px; bottom: 698px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y647 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 698px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 683px; z-index: 15;\"> </div>\n<div class=\"t m0 x236 h52 y5ff ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 570px; bottom: 683px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5ff ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 737px; bottom: 683px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y601 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y601 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff18e fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 653px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 653px; z-index: 15;\">3,239<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 653px; z-index: 15;\">4,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff18e fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 638px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y605 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 638px; z-index: 15;\">20,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y605 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 638px; z-index: 15;\">27,883<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff18e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\">A</div>\n<div class=\"t m0 x2a2 h52 y603 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 623px; z-index: 15;\">4,787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 623px; z-index: 15;\">6,432<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff18e fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 608px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y605 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 608px; z-index: 15;\">10,940<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y605 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 608px; z-index: 15;\">13,820<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f4 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 593px; z-index: 15;\">39,667<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f4 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 593px; z-index: 15;\">52,145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff18e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 579px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y638 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 579px; z-index: 15;\">229<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y638 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 579px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 564px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 564px; z-index: 15;\">2,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 564px; z-index: 15;\">1,734<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Total investments in interest<span class=\"_ _0\"></span> bearing securities, net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f9 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 549px; z-index: 15;\">42,316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f9 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 549px; z-index: 15;\">54,074<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 ydd0 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 534px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 ydd0 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 534px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff191 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 519px; z-index: 15;\">Total investments in interest bearing securities,<span class=\"ls0 ws0\"> </span>gross (see note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f9 ff191 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 519px; z-index: 15;\">42,330<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f9 ff191 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 519px; z-index: 15;\">54,095<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 508px; height: 598px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 508px; height: 598px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 508px; height: 598px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ff195 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">3 <span class=\"_ _1ac\"> </span><span class=\"lse2 wsfa\">Government bonds</span> </div>\n<div class=\"t m0 x7 h4f y803 ff193 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he credit qu<span class=\"_ _2b\"></span>ality of governme<span class=\"_ _0\"></span>nt bonds.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff193 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y603 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 552px; bottom: 1034px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 719px; bottom: 1034px; z-index: 15;\">31 December <span class=\"wsf4\">2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y605 ff193 fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">By IFRS cl<span class=\"_ _0\"></span>assificatio<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h54 y605 ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h54 y605 ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Available for sale<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 1004px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1004px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Held at fair value <span class=\"_ _0\"></span>through profit or loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5f2 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f2 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 974px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 974px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff196 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Total government bonds (<span class=\"_ _2\"></span>see note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f2 ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 959px; z-index: 15;\">27,125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f2 ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 959px; z-index: 15;\">35,491<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 947px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 947px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 947px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff193 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 932px; z-index: 15;\">By rat<span class=\"_ _2\"></span>ing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5f9 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f9 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 918px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f7 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 918px; z-index: 15;\">2,024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f7 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 918px; z-index: 15;\">2,251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 903px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 903px; z-index: 15;\">19,188<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 903px; z-index: 15;\">25,546<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 888px; z-index: 15;\">A</div>\n<div class=\"t m0 xd7 h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 888px; z-index: 15;\">571<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 888px; z-index: 15;\">1,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 873px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 873px; z-index: 15;\">4,913<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 873px; z-index: 15;\">6,381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 858px; z-index: 15;\">Total investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y601 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 858px; z-index: 15;\">26,696<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y601 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 858px; z-index: 15;\">35,447<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 843px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5fc ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 843px; z-index: 15;\"> </div>\n<div class=\"t m0 x4a h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 843px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 829px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 829px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 829px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 814px; z-index: 15;\">Total non<span class=\"ls0 ws0\">-</span>investment grade and unrate<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 814px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 785px; bottom: 814px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f2 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f2 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff196 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 787px; z-index: 15;\">Total government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y60e ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 787px; z-index: 15;\">27,125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y60e ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 787px; z-index: 15;\">35,491<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y1264 ff195 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">4 <span class=\"_ _1ac\"> </span><span class=\"lse2 ws103\">Corporate bonds </span> </div>\n<div class=\"t m0 x7 h4f y1265 ff193 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> provides <span class=\"lse0 wsf0\">inform<span class=\"_ _0\"></span>ation on th<span class=\"_ _0\"></span>e credit qua<span class=\"_ _2b\"></span>lity of corporate b<span class=\"_ _0\"></span>onds.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 552px; bottom: 724px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 719px; bottom: 724px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff193 fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 708px; z-index: 15;\">By IFRS cl<span class=\"_ _0\"></span>assificatio<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h54 y5f9 ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h54 y5f9 ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff193 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 693px; z-index: 15;\">Available for sale<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 693px; z-index: 15;\">9,145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 693px; z-index: 15;\">11,680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 679px; z-index: 15;\">Held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 679px; z-index: 15;\">123<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5fc ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff196 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 664px; z-index: 15;\">Total corporate bonds (see note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y63a ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 664px; z-index: 15;\">9,268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y63a ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 664px; z-index: 15;\">11,680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5ff ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5ff ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 637px; z-index: 15;\">By rat<span class=\"_ _2\"></span>ing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 622px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 622px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 622px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff193 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 607px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y605 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 607px; z-index: 15;\">430<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y605 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 607px; z-index: 15;\">648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 592px; z-index: 15;\">A</div>\n<div class=\"t m0 x2a2 h52 y5f4 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 592px; z-index: 15;\">2,746<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 592px; z-index: 15;\">3,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 577px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y638 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 577px; z-index: 15;\">4,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y638 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 577px; z-index: 15;\">6,368<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Total investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 563px; z-index: 15;\">8,141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 563px; z-index: 15;\">10,674<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f2 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 548px; z-index: 15;\">228<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f2 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 548px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 533px; z-index: 15;\">899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 533px; z-index: 15;\">843<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 518px; z-index: 15;\">Total non<span class=\"ls0 ws0\">-</span>investment grade and unrate<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f9 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 518px; z-index: 15;\">1,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f9 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 518px; z-index: 15;\">1,006<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 506px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f7 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 506px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f7 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 506px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff196 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 491px; z-index: 15;\">Total corporate bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y5ff ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 491px; z-index: 15;\">9,268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5ff ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 491px; z-index: 15;\">11,680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y1277 ff195 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">5 <span class=\"_ _1ac\"> </span><span class=\"lse2 wsfa\">Banks and other <span class=\"_ _2\"></span><span class=\"lse0 wsef\">fina<span class=\"_ _2b\"></span>ncials<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1278 ff193 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he credit qu<span class=\"_ _2b\"></span>ality of banks and oth<span class=\"_ _0\"></span>er financ<span class=\"_ _0\"></span>ial instit<span class=\"_ _2b\"></span>utions.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1279 ff193 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 413px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y601 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 552px; bottom: 413px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y601 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 719px; bottom: 413px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff193 fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 397px; z-index: 15;\">By IFRS cl<span class=\"_ _0\"></span>assificatio<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h54 y5ff ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 397px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h54 y5ff ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 397px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff193 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Available for sale<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y647 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 382px; z-index: 15;\">5,566<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y647 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 382px; z-index: 15;\">6,715<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 367px; z-index: 15;\">Held at fair value <span class=\"_ _0\"></span>through profit or loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 367px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 367px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff193 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 352px; z-index: 15;\">Held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y608 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 352px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y608 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff196 fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 338px; z-index: 15;\">Total <span class=\"_ _2b\"></span>banking and<span class=\"_ _0\"></span> other<span class=\"_ _0\"></span> financ<span class=\"_ _2b\"></span>ials (see <span class=\"_ _0\"></span>note 1<span class=\"_ _0\"></span>0)<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y603 ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 338px; z-index: 15;\">5,881<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y603 ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 338px; z-index: 15;\">6,849<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y638 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y638 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff193 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 311px; z-index: 15;\">By rat<span class=\"_ _2\"></span>ing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 296px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y70b ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 296px; z-index: 15;\">1,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y70b ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 296px; z-index: 15;\">1,719<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff193 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 281px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f7 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 281px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f7 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 281px; z-index: 15;\">1,674<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 266px; z-index: 15;\">A</div>\n<div class=\"t m0 x2a2 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 266px; z-index: 15;\">1,470<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 266px; z-index: 15;\">1,544<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 251px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y63a ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 251px; z-index: 15;\">1,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y63a ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 251px; z-index: 15;\">1,070<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 236px; z-index: 15;\">Total investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 236px; z-index: 15;\">4,818<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 236px; z-index: 15;\">6,007<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 222px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a6 h52 y647 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 222px; z-index: 15;\">1</div>\n<div class=\"t m0 x2a6 h52 y647 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 222px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 207px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 207px; z-index: 15;\">1,062<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 207px; z-index: 15;\">835<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 192px; z-index: 15;\">Total non<span class=\"ls0 ws0\">-</span>investment grade and unrate<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y647 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 192px; z-index: 15;\">1,063<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y647 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 192px; z-index: 15;\">842<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 180px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f4 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 180px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f4 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 180px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff196 fs3c fc28 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 165px; z-index: 15;\">Total ba<span class=\"_ _2b\"></span>nks and othe<span class=\"_ _0\"></span>r financ<span class=\"_ _2b\"></span>ials<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y638 ff196 fs3c fc28 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 165px; z-index: 15;\">5,881<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y638 ff196 fs3c fc28 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 165px; z-index: 15;\">6,849<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 154px; height: 952px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 154px; height: 952px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 154px; height: 952px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff198 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">B. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"ls107 ws11c\">COUN<span class=\"_ _0\"></span>TERPAR<span class=\"_ _2b\"></span>TY DEFAULT RI<span class=\"_ _2b\"></span>SK<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"lse0 wsf0\">ounterpart<span class=\"_ _0\"></span>y default<span class=\"_ _0\"></span> risk refl<span class=\"_ _2b\"></span>ects possible loss<span class=\"_ _0\"></span>es due to unex<span class=\"_ _2b\"></span>pected </span></div>\n<div class=\"t m0 x7 h4f y804 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">default<span class=\"_ _0\"></span>, or dete<span class=\"_ _2b\"></span>rioration in t<span class=\"_ _0\"></span>he credit<span class=\"_ _2b\"></span> standing, of c<span class=\"_ _2b\"></span>ounterpartie<span class=\"_ _2b\"></span>s and</div>\n<div class=\"t m0 x7 h4f y805 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">debtors. The scope<span class=\"_ _2\"></span> of the counterparty defaul<span class=\"_ _2\"></span>t risk category includes</div>\n<div class=\"t m0 x7 h4f y806 ff198 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">miti<span class=\"_ _0\"></span>gating cont<span class=\"_ _2b\"></span>racts (such as rein<span class=\"_ _2b\"></span>surance<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">arrangemen<span class=\"_ _2\"></span>ts, </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y807 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">securitisation<span class=\"_ _2\"></span>s and derivatives), cash<span class=\"_ _2\"></span>, receivables from intermediari<span class=\"_ _2\"></span>es,</div>\n<div class=\"t m0 x7 h4f y808 ff198 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">diver<span class=\"_ _2\"></span>sified<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 ws103\">mortgage portfolios, and<span class=\"_ _2\"></span> other credit exposure not <span class=\"lse0 wsef\">covered </span></span></span></div>\n<div class=\"t m0 x7 h4f y809 ff198 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">elsewhere<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y80a ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80b ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Counterpart<span class=\"_ _2\"></span>y default risk can arise due<span class=\"_ _2\"></span> to the purchase of reinsurance</div>\n<div class=\"t m0 x7 h4f y80c ff198 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or <span class=\"lse2 wsfa\">other ris<span class=\"_ _2\"></span>k mitigation<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">cont<span class=\"_ _2\"></span>racts</span>. Ageas minimis<span class=\"_ _2\"></span>es this risk thro<span class=\"_ _2\"></span>ugh </span></div>\n<div class=\"t m0 x7 h4f y80d ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">policies on<span class=\"_ _2\"></span> counterparty selec<span class=\"_ _2\"></span>tion, collateral req<span class=\"_ _2\"></span>uirements and</div>\n<div class=\"t m0 x7 h4f y80e ff198 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">diversific<span class=\"_ _2b\"></span>ation.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80f ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y810 ff198 fs3a fc14 sc0 ls106 ws10c\" style=\"z-index: 15;\">Within Agea<span class=\"_ _0\"></span>s, this risk is miti<span class=\"_ _2b\"></span>ga<span class=\"lse2 ws103\">ted<span class=\"_ _2\"></span> through the application of Agea<span class=\"_ _2\"></span>s\u2019s </span></div>\n<div class=\"t m0 x7 h4f y90a ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Default Ri<span class=\"_ _2b\"></span>sk Policy and clos<span class=\"_ _0\"></span>e monitori<span class=\"_ _2b\"></span>ng of outstanding cou<span class=\"_ _2b\"></span>nterparty</div>\n<div class=\"t m0 x7 h4f y90b ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">default<span class=\"_ _0\"></span> positio<span class=\"_ _0\"></span>ns. Divers<span class=\"_ _2b\"></span>ification and avoi<span class=\"_ _0\"></span>dance of l<span class=\"_ _0\"></span>ow rated ex<span class=\"_ _0\"></span>posures</div>\n<div class=\"t m0 x7 h4f y90c ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are key e<span class=\"_ _2b\"></span>lements in the <span class=\"_ _0\"></span>mitigat<span class=\"_ _0\"></span>ion of this<span class=\"_ _2b\"></span> risk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90e ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairment for<span class=\"_ _2\"></span> specific cr<span class=\"lse0 wsfa\">edit risk<span class=\"_ _0\"></span> is est<span class=\"_ _0\"></span>ablishe<span class=\"_ _0\"></span>d if the<span class=\"_ _0\"></span>re is obj<span class=\"_ _0\"></span>ective </span></div>\n<div class=\"t m0 x7 h4f y90f ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">evidenc<span class=\"_ _2b\"></span>e that Ageas w<span class=\"_ _0\"></span>ill not b<span class=\"_ _0\"></span>e able t<span class=\"_ _0\"></span>o collec<span class=\"_ _0\"></span>t all am<span class=\"_ _0\"></span>ounts d<span class=\"_ _0\"></span>ue in</div>\n<div class=\"t m0 x7 h4f y910 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accorda<span class=\"_ _2b\"></span>nce with contract<span class=\"_ _0\"></span>ual terms.<span class=\"_ _0\"></span> The amou<span class=\"_ _0\"></span>nt of the impa<span class=\"_ _2b\"></span>irment is the</div>\n<div class=\"t m0 x7 h4f y911 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nce betw<span class=\"_ _2b\"></span>een the carryin<span class=\"_ _2b\"></span>g amount and t<span class=\"_ _0\"></span>he recov<span class=\"_ _2b\"></span>erable amount. I<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x7 h4f y912 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">t<span class=\"lse0 wsf0\">he case of market<span class=\"_ _0\"></span> traded sec<span class=\"_ _2b\"></span>urities, the recov<span class=\"_ _2b\"></span>erable amount is th<span class=\"_ _0\"></span>e fair </span></div>\n<div class=\"t m0 x7 h4f y913 ff198 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">value.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y914 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y915 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments are<span class=\"_ _2\"></span> based on <span class=\"wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s </span></span>l<span class=\"_ _2\"></span>atest estimate of the recov<span class=\"_ _2\"></span>erable</div>\n<div class=\"t m0 x7 h4f y916 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount a<span class=\"_ _2b\"></span>nd represent th<span class=\"_ _0\"></span>e loss t<span class=\"_ _0\"></span>hat Ageas<span class=\"_ _0\"></span> consi<span class=\"_ _0\"></span>ders it w<span class=\"_ _0\"></span>ill incu<span class=\"_ _2b\"></span>r.</div>\n<div class=\"t m0 x7 h4f y917 ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Conditions<span class=\"_ _2\"></span> for write<span class=\"ls0 ws0\">-</span><span class=\"lse0\">off may be t<span class=\"_ _2b\"></span>hat the o<span class=\"lse2\">bligor\u2019s bankrup<span class=\"_ _2\"></span>tcy proceedings </span></span></div>\n<div class=\"t m0 x7 h4f y918 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">have been final<span class=\"_ _2\"></span>ised and securities have been<span class=\"_ _2\"></span> exhausted, the obligor</div>\n<div class=\"t m0 x7 h4f y919 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and/or gu<span class=\"_ _0\"></span>arantor<span class=\"_ _0\"></span>s are inso<span class=\"_ _0\"></span>lvent, all n<span class=\"_ _0\"></span>ormal rec<span class=\"_ _2b\"></span>overy efforts have b<span class=\"_ _2b\"></span>een</div>\n<div class=\"t m0 x7 h4f y91a ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exhaust<span class=\"_ _0\"></span>ed, or the ec<span class=\"_ _0\"></span>onomic l<span class=\"_ _0\"></span>oss period (<span class=\"_ _0\"></span>i.e. the pe<span class=\"_ _0\"></span>riod withi<span class=\"_ _2b\"></span>n which all</div>\n<div class=\"t m0 x7 h4f y91b ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span> wil<span class=\"lse2 wsfa\">l exceed the r<span class=\"_ _2\"></span>ecoverable amount) ha<span class=\"_ _2\"></span>s been reached.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 529px; width: 354px; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 x7 h55 y968 ff19a fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.1.3<span class=\"ls0 ws0\"> <span class=\"_ _211\"> </span><span class=\"ls102 ws129\">Liquidity<span class=\"_ _2\"></span> risk</span> </span></div>\n<div class=\"t m0 x7 h4f y969 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Liquidi<span class=\"_ _0\"></span>ty risk is<span class=\"_ _0\"></span> the ris<span class=\"_ _2b\"></span>k of being una<span class=\"_ _0\"></span>ble to liq<span class=\"_ _0\"></span>uidate i<span class=\"_ _2b\"></span>nvestments an<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x7 h4f y96a ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other assets in<span class=\"_ _2\"></span> order to settle financial obliga<span class=\"_ _2\"></span>tions when they fall due.</div>\n<div class=\"t m0 x7 h4f y96b ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For exam<span class=\"_ _0\"></span>ple, this can oc<span class=\"_ _2b\"></span>cur when unexpec<span class=\"_ _0\"></span>ted cash d<span class=\"_ _0\"></span>emands of</div>\n<div class=\"t m0 x7 h4f y96c ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">policyholder<span class=\"_ _2\"></span>s, and other contra<span class=\"_ _2\"></span>ct holders, cannot<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">be met<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>with<span class=\"_ _2b\"></span>out </span></div>\n<div class=\"t m0 x7 h4f y96d ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sufferi<span class=\"_ _2b\"></span>ng losses or without<span class=\"_ _0\"></span> endange<span class=\"_ _0\"></span>ring the bus<span class=\"_ _0\"></span>iness fr<span class=\"_ _0\"></span>anchise d<span class=\"_ _2b\"></span>ue to</div>\n<div class=\"t m0 x7 h4f y96e ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">constra<span class=\"_ _0\"></span>ints on <span class=\"_ _0\"></span>liquidat<span class=\"_ _0\"></span>ing asset<span class=\"_ _2b\"></span>s. These cons<span class=\"_ _0\"></span>traint<span class=\"_ _0\"></span>s may be s<span class=\"_ _0\"></span>tructu<span class=\"_ _0\"></span>ral or</div>\n<div class=\"t m0 x7 h4f y96f ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">due to mark<span class=\"_ _0\"></span>et disrupt<span class=\"_ _0\"></span>ion. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a4 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fina<span class=\"_ _0\"></span>ncial comm<span class=\"_ _0\"></span>itments of<span class=\"_ _0\"></span> Ageas and its<span class=\"_ _0\"></span> local bus<span class=\"_ _0\"></span>inesses<span class=\"_ _0\"></span> are often<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a5 ff198 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">long<span class=\"ls0 ws0\">-</span><span class=\"ws103\">ter<span class=\"_ _2\"></span>m, and generally assets held<span class=\"_ _2\"></span> to back these would be long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span>term</div>\n<div class=\"t m0 x1a h4f y8a6 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and may not b<span class=\"_ _0\"></span>e liquid. Cl<span class=\"_ _2b\"></span>aims and other outfl<span class=\"_ _2b\"></span>ows can be unpredict<span class=\"_ _2b\"></span>able</div>\n<div class=\"t m0 x1a h4f yc95 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and may differ<span class=\"_ _2\"></span> significantly from expected amo<span class=\"_ _2\"></span>unts. If liquid resource<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y129f ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are not availab<span class=\"_ _2\"></span>le to meet a financial commi<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">tm<span class=\"_ _2b\"></span>ent as it falls due, liq<span class=\"_ _0\"></span>uid </span></div>\n<div class=\"t m0 x1a h4f y12a0 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">funds wi<span class=\"_ _0\"></span>ll need<span class=\"_ _0\"></span> to be borr<span class=\"_ _2b\"></span>owed and/or i<span class=\"_ _0\"></span>lliquid a<span class=\"_ _2b\"></span>ssets sold (whi<span class=\"_ _0\"></span>ch may</div>\n<div class=\"t m0 x1a h4f y12a1 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">trigger a signi<span class=\"_ _2\"></span>ficant loss in value) in ord<span class=\"_ _2\"></span>er to meet the commitment.</div>\n<div class=\"t m0 x1a h4f y12a2 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Losses wo<span class=\"_ _0\"></span>uld arise<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>from an<span class=\"_ _0\"></span>y discou<span class=\"_ _0\"></span>nt that wou<span class=\"_ _0\"></span>ld need to be off<span class=\"_ _0\"></span>ered to</div>\n<div class=\"t m0 x1a h4f y12a3 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liquida<span class=\"_ _0\"></span>te assets<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y12a4 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y12a5 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As an insura<span class=\"_ _2b\"></span>nce group, Ageas is n<span class=\"_ _0\"></span>ormally c<span class=\"_ _0\"></span>ash accret<span class=\"_ _0\"></span>ive and henc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">this </span></span></div>\n<div class=\"t m0 x1a h4f y12a6 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risk is relat<span class=\"_ _2b\"></span>ively remote. A<span class=\"_ _0\"></span>geas keeps<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>a cash pos<span class=\"_ _2b\"></span>ition in order to be abl<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f ycb4 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to withs<span class=\"_ _0\"></span>tand<span class=\"ls0 ws0\"> </span><span class=\"lse2\">adverse liquidi<span class=\"_ _2\"></span>ty conditions if and<span class=\"_ _2\"></span> when arising. Sp<span class=\"_ _2\"></span>ecial </span></div>\n<div class=\"t m0 x1a h4f ycb5 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">attenti<span class=\"_ _2b\"></span>on is paid to the messa<span class=\"_ _0\"></span>ges fr<span class=\"lsfa ws114\">om <span class=\"lse2 ws103\">central bank<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">on potential </span></span></span></div>\n<div class=\"t m0 x1a h4f ycb6 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">changes <span class=\"_ _2b\"></span>in monetary po<span class=\"_ _0\"></span>licy sta<span class=\"_ _2b\"></span>nce. Dividen<span class=\"_ _0\"></span>d payment<span class=\"_ _2b\"></span>s to sharehol<span class=\"_ _2b\"></span>ders</div>\n<div class=\"t m0 x1a h4f ycb7 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">togeth<span class=\"_ _0\"></span>er with holdi<span class=\"_ _2b\"></span>ng costs are financ<span class=\"_ _0\"></span>ed by divide<span class=\"_ _2b\"></span>nd upstream from</div>\n<div class=\"t m0 x1a h4f y985 ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas opera<span class=\"_ _2\"></span>ting insurance enti<span class=\"_ _2\"></span>ties.<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Reinsu<span class=\"_ _0\"></span>rance ope<span class=\"_ _0\"></span>rations at t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f y986 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">holdin<span class=\"_ _0\"></span>g level are al<span class=\"_ _0\"></span>so m<span class=\"lse2 ws103\">anaged separately<span class=\"_ _2\"></span> from a liquidity perspecti<span class=\"_ _2\"></span>ve.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y987 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y988 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Causes <span class=\"_ _0\"></span>of liqui<span class=\"_ _0\"></span>dity ris<span class=\"_ _0\"></span>k can be s<span class=\"_ _2b\"></span>plit into elem<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>at can c<span class=\"_ _2b\"></span>reate a</div>\n<div class=\"t m0 x1a h4f y989 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sudden inc<span class=\"_ _2b\"></span>rease in the need for c<span class=\"_ _0\"></span>ash and ele<span class=\"_ _0\"></span>ments that<span class=\"_ _0\"></span> can reduc<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y98a ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unexpect<span class=\"_ _2b\"></span>edly the avai<span class=\"_ _0\"></span>lability<span class=\"_ _0\"></span> of exp<span class=\"_ _0\"></span>ected r<span class=\"_ _0\"></span>esources<span class=\"_ _0\"></span> to cov<span class=\"_ _0\"></span>er cash n<span class=\"_ _0\"></span>eeds<span class=\"lsf4 ws10c\">. </span></div>\n<div class=\"t m0 x1a h4f y98b ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Types of <span class=\"_ _2b\"></span>liquidity ris<span class=\"_ _0\"></span>k are the f<span class=\"_ _2b\"></span>ollowing:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98c ff19b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff19c\"> <span class=\"_ _46\"> </span><span class=\"ff19a lse0 wsf0\">Underwriting li<span class=\"_ _2b\"></span>quidity risk<span class=\"ff198 ls0 ws0\"> </span><span class=\"ff198\">is the risk<span class=\"_ _0\"></span> that Ageas<span class=\"_ _0\"></span> or a local bus<span class=\"_ _0\"></span>iness </span></span></span></div>\n<div class=\"t m0 x25a h4f y98d ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">needs to pay<span class=\"_ _0\"></span> a material am<span class=\"_ _2b\"></span>ount to cover unant<span class=\"_ _2b\"></span>icipated chan<span class=\"_ _0\"></span>ges in</div>\n<div class=\"t m0 x25a h4f y98e ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">customer behavi<span class=\"_ _2\"></span>our (lapse risk), sudden<span class=\"_ _2\"></span> rise in frequency claims or</div>\n<div class=\"t m0 x25a h4f y98f ff198 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">sudden <span class=\"lse0 wsf0\">large claims res<span class=\"_ _2b\"></span>ulting from large or c<span class=\"_ _0\"></span>atastro<span class=\"_ _0\"></span>phic ev<span class=\"_ _0\"></span>ents </span></div>\n<div class=\"t m0 x25a h4f y990 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">such as w<span class=\"_ _0\"></span>indsto<span class=\"_ _0\"></span>rms, as<span class=\"_ _0\"></span>h clouds<span class=\"_ _0\"></span>, flu pan<span class=\"_ _2b\"></span>demic, etc.;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y991 ff19b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff19c\"> <span class=\"_ _46\"> </span><span class=\"ff19a lse0 wsfa\">Market liquidi<span class=\"_ _0\"></span>ty risk<span class=\"_ _0\"></span><span class=\"ff198 ls0 ws0\"> <span class=\"lse0 wsfa\">is the risk t<span class=\"_ _2b\"></span>hat the proces<span class=\"_ _2b\"></span>s of selling in it<span class=\"_ _2b\"></span>self </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y992 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">results <span class=\"_ _0\"></span>in loss<span class=\"_ _0\"></span>es due t<span class=\"_ _0\"></span>o market<span class=\"_ _0\"></span> condit<span class=\"_ _0\"></span>ions or <span class=\"_ _0\"></span>high co<span class=\"_ _0\"></span>ncentrat<span class=\"_ _0\"></span>ions;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y993 ff19b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff19c\"> <span class=\"_ _46\"> </span><span class=\"ff19a lse2 wsf1\">F<span class=\"_ _2\"></span>unding <span class=\"wsfa\">liquidity<span class=\"_ _2\"></span> risk</span></span><span class=\"ff198\"> <span class=\"lse0 wsf0\">is the risk that<span class=\"_ _0\"></span> Ageas or a loc<span class=\"_ _2b\"></span>al business will </span></span></span></div>\n<div class=\"t m0 x25a h4f y994 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not be ab<span class=\"_ _0\"></span>le to obt<span class=\"_ _2b\"></span>ain sufficient<span class=\"_ _0\"></span> outsi<span class=\"_ _0\"></span>de fundin<span class=\"_ _0\"></span>g, in c<span class=\"_ _0\"></span>ase its ass<span class=\"_ _2b\"></span>ets</div>\n<div class=\"t m0 x25a h4f y995 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are illi<span class=\"_ _0\"></span>quid, at<span class=\"_ _0\"></span> the tim<span class=\"_ _0\"></span>e it is ne<span class=\"_ _2b\"></span>eded (for exam<span class=\"_ _2b\"></span>ple, to meet an<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x25a h4f y996 ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unanticipated<span class=\"_ _2\"></span> large claim). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y997 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c8 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Each bus<span class=\"_ _2b\"></span>iness has to ens<span class=\"_ _0\"></span>ure th<span class=\"lse2\">ey can meet all <span class=\"_ _2\"></span>liquidity requiremen<span class=\"_ _2\"></span>ts by </span></div>\n<div class=\"t m0 x1a h4f y9c9 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">identifying and<span class=\"_ _2\"></span> monitoring liquidity risk,<span class=\"_ _2\"></span> so that the circumstances<span class=\"_ _2\"></span> under</div>\n<div class=\"t m0 x1a h4f y9ca ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which liqu<span class=\"_ _2b\"></span>idity issues coul<span class=\"_ _0\"></span>d be possi<span class=\"_ _0\"></span>ble are know<span class=\"_ _0\"></span>n and unders<span class=\"_ _0\"></span>tood (i.<span class=\"_ _0\"></span>e.</div>\n<div class=\"t m0 x1a h4f y9cb ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unexpect<span class=\"_ _2b\"></span>ed adverse c<span class=\"_ _0\"></span>hange in l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>y run<span class=\"ls0 ws0\">-</span>off p<span class=\"_ _0\"></span>rofile,<span class=\"_ _0\"></span> mass lap<span class=\"_ _2b\"></span>se <span class=\"lsf4 ws10c\">event, </span></div>\n<div class=\"t m0 x1a h4f y9cc ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">slowdow<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>in new<span class=\"_ _0\"></span> business<span class=\"_ _0\"></span>, change i<span class=\"_ _2b\"></span>n rating), as well as the<span class=\"_ _0\"></span> busines<span class=\"_ _0\"></span>s\u2019s</div>\n<div class=\"t m0 x1a h4f y9cd ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ability t<span class=\"_ _2b\"></span>o respond to s<span class=\"_ _0\"></span>uch issu<span class=\"_ _0\"></span>es (i.e. <span class=\"_ _2b\"></span>liquidity of as<span class=\"_ _0\"></span>sets in<span class=\"_ _0\"></span> a crisis<span class=\"_ _0\"></span>) is</div>\n<div class=\"t m0 x1a h4f y9ce ff198 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">clear. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 441px; height: 671px; width: 354px; z-index: 3;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 441px; height: 135px; width: 348px; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y970 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 424px; height: 682px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 424px; height: 682px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An overview of ex<span class=\"_ _2\"></span>pected outflows stemming<span class=\"_ _2\"></span> from insurance li<span class=\"wsfa\">abilities<span class=\"_ _2\"></span> (other than <span class=\"ls0 ws0\">U<span class=\"_ _2\"></span></span><span class=\"wsf1\">nit<span class=\"ls0 ws0\">-L</span></span></span>inked) can be<span class=\"_ _2\"></span> found below. These cash flows re<span class=\"_ _2\"></span>flect an actuarial</div>\n<div class=\"t m0 x7 h4f y803 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Best Estima<span class=\"_ _2\"></span>te using Solvency <span class=\"_ _2\"></span>II contract boundari<span class=\"_ _2\"></span>es. Note that the<span class=\"_ _2\"></span> Group aggregate l<span class=\"_ _2\"></span>iability outflows<span class=\"_ _2\"></span> are not used <span class=\"_ _2\"></span>for manage<span class=\"lse0 wsf0\">ment purp<span class=\"_ _0\"></span>oses, as li<span class=\"_ _0\"></span>quidity </span></div>\n<div class=\"t m0 x7 h4f y804 ff19d fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">is <span class=\"lse2 ws103\">managed wi<span class=\"_ _2\"></span>thin the individual insura<span class=\"_ _2\"></span>nce companies<span class=\"ls0 ws0\"> </span></span><span class=\"lse0\">and at holding lev<span class=\"_ _2b\"></span>el<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff19d fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1033px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 493px; bottom: 1033px; z-index: 15;\">Year 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 561px; bottom: 1033px; z-index: 15;\">Year 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 630px; bottom: 1033px; z-index: 15;\">Year 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 699px; bottom: 1033px; z-index: 15;\">Year 4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 768px; bottom: 1033px; z-index: 15;\">Year 5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Net cash outflows from ins<span class=\"_ _0\"></span>urance liabilities as a<span class=\"_ _0\"></span>t 31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 499px; bottom: 1019px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 569px; bottom: 1019px; z-index: 15;\">2024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 638px; bottom: 1019px; z-index: 15;\">2025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 707px; bottom: 1019px; z-index: 15;\">2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1019px; z-index: 15;\">2027<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 588px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 657px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 726px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff19d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 988px; z-index: 15;\">Policyholder liabilities, excluding <span class=\"ls0 ws0\">U<span class=\"lsef ws10a\">nit</span>-<span class=\"_ _2\"></span>L</span>inked business, net of reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 988px; z-index: 15;\">8,142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 566px; bottom: 988px; z-index: 15;\">7,024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 635px; bottom: 988px; z-index: 15;\">5,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 704px; bottom: 988px; z-index: 15;\">5,382<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 988px; z-index: 15;\">5,911<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12a9 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12aa ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff19d fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 493px; bottom: 941px; z-index: 15;\">Year 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 561px; bottom: 941px; z-index: 15;\">Year 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 630px; bottom: 941px; z-index: 15;\">Year 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 699px; bottom: 941px; z-index: 15;\">Year 4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 768px; bottom: 941px; z-index: 15;\">Year 5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 926px; z-index: 15;\">Net cash outflows from ins<span class=\"_ _0\"></span>urance liabilities as a<span class=\"_ _0\"></span>t 31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 499px; bottom: 926px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 569px; bottom: 926px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 638px; bottom: 926px; z-index: 15;\">2024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 707px; bottom: 926px; z-index: 15;\">2025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 926px; z-index: 15;\">2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 588px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 657px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 726px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff19d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 896px; z-index: 15;\">Policyholder liabilities, excluding <span class=\"ls0 ws0\">U<span class=\"lsef ws10a\">nit</span>-<span class=\"_ _2\"></span>L</span>inked business, net of reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 896px; z-index: 15;\">8,098<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 566px; bottom: 896px; z-index: 15;\">6,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 635px; bottom: 896px; z-index: 15;\">6,275<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 704px; bottom: 896px; z-index: 15;\">4,759<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 896px; z-index: 15;\">4,863<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 885px; height: 221px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y12af ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12b0 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h55 y12b1 ff19f fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.1.4<span class=\"ls0 ws0\"> <span class=\"_ _211\"> </span><span class=\"lse0 wsfa\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s risk<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y12b2 ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s risk is the r<span class=\"_ _0\"></span>isk of l<span class=\"_ _0\"></span>oss or adv<span class=\"_ _2b\"></span>erse change i<span class=\"_ _0\"></span>n the v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x7 h4f y12b3 ff19d fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">of <span class=\"lse0 wsfa\">intangibl<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s due to a c<span class=\"_ _2b\"></span>hange in expect<span class=\"_ _2b\"></span>ed future ben<span class=\"_ _0\"></span>efits t<span class=\"_ _0\"></span>o be </span></div>\n<div class=\"t m0 x7 h4f y12b4 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">gained from the in<span class=\"_ _2\"></span>tangible assets. Intangible<span class=\"_ _2\"></span> assets can consist among</div>\n<div class=\"t m0 x7 h4f y12b5 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">others of v<span class=\"_ _0\"></span>alue of busin<span class=\"_ _2b\"></span>ess acquired, pa<span class=\"_ _0\"></span>rking conc<span class=\"_ _2b\"></span>essions and</div>\n<div class=\"t m0 x7 h4f y12b6 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intellec<span class=\"_ _0\"></span>tual pro<span class=\"_ _0\"></span>perty.<span class=\"ls0 ws0\"> </span>Ass<span class=\"_ _0\"></span>ets that are c<span class=\"_ _2b\"></span>lassified as inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _2b\"></span>ets</div>\n<div class=\"t m0 x7 h4f y12b7 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">under IFRS but eco<span class=\"_ _2\"></span>nomically are subject to<span class=\"_ _2\"></span> specific risks (e.g. proper<span class=\"_ _2\"></span>ty)</div>\n<div class=\"t m0 x7 h4f y12b8 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are included<span class=\"_ _2\"></span> in the internal<span class=\"_ _2\"></span> capital view und<span class=\"_ _2\"></span>er Pillar 2.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12b9 ff19d fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsf0\">Insurance liab<span class=\"_ _2b\"></span>ility risks<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y12ba ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce liab<span class=\"_ _0\"></span>ility r<span class=\"_ _0\"></span>isks refe<span class=\"_ _0\"></span>r to all i<span class=\"_ _2b\"></span>nsurance under<span class=\"_ _2b\"></span>writing risks d<span class=\"_ _2b\"></span>ue to</div>\n<div class=\"t m0 x7 h4f y12bb ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">d<span class=\"lse0 wsf0\">eviations in c<span class=\"_ _0\"></span>laims aris<span class=\"_ _2b\"></span>ing from uncerta<span class=\"_ _0\"></span>inty and tim<span class=\"_ _2b\"></span>ing of the claims as </span></div>\n<div class=\"t m0 x7 h4f y12bc ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">well as dev<span class=\"_ _0\"></span>iations<span class=\"_ _0\"></span> in expenses<span class=\"_ _0\"></span> and laps<span class=\"_ _0\"></span>es, compa<span class=\"_ _0\"></span>red to unde<span class=\"_ _0\"></span>rlying</div>\n<div class=\"t m0 x7 h4f y12bd ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assumpt<span class=\"_ _2b\"></span>ions made at the point of<span class=\"_ _0\"></span> underw<span class=\"_ _0\"></span>riting of the p<span class=\"_ _0\"></span>olicy.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12be ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12bf ff19d fs3a fc14 sc0 ls106 ws10c\" style=\"z-index: 15;\">Life risks inc<span class=\"_ _0\"></span>lude morta<span class=\"_ _0\"></span>lity risk, lon<span class=\"_ _0\"></span>gevity risk<span class=\"_ _0\"></span>, disa<span class=\"lse2 wsfa\">bility, morbid<span class=\"_ _2\"></span>ity risk </span></div>\n<div class=\"t m0 x7 h4f y12c0 ff19d fs3a fc14 sc0 lse1 ws104\" style=\"z-index: 15;\">(i.e. critical illness risk), lapse an<span class=\"_ _0\"></span>d persistency risk, expense risk,</div>\n<div class=\"t m0 x7 h4f y12c1 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">catastrophe <span class=\"_ _2\"></span>risk and revision<span class=\"_ _2\"></span> risk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12c2 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12c3 ff19d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life risks incl<span class=\"_ _0\"></span>ude reser<span class=\"_ _0\"></span>ve risk, pr<span class=\"_ _2b\"></span>emium risk and catas<span class=\"_ _0\"></span>troph<span class=\"_ _0\"></span>e risks. </span></span></div>\n<div class=\"t m0 x7 h4f y12c4 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Reserve risk i<span class=\"_ _2\"></span>s related to outstanding <span class=\"lse1 ws11d\">claims, while premium risk is </span></div>\n<div class=\"t m0 x7 h4f y12c5 ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">related t<span class=\"_ _2b\"></span>o future clai<span class=\"_ _0\"></span>ms from <span class=\"_ _0\"></span>which c<span class=\"_ _0\"></span>atastro<span class=\"_ _0\"></span>phe clai<span class=\"_ _0\"></span>ms are exc<span class=\"_ _2b\"></span>luded.</div>\n<div class=\"t m0 x7 h4f y12c6 ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Catastr<span class=\"_ _2b\"></span>ophe risk is rel<span class=\"_ _2b\"></span>ated to claims <span class=\"_ _0\"></span>arising f<span class=\"_ _2b\"></span>rom catastro<span class=\"_ _2b\"></span>phic events,</div>\n<div class=\"t m0 x7 h4f y12c7 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">either natu<span class=\"_ _2\"></span>ral disasters or<span class=\"_ _2\"></span> man<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">made ev<span class=\"_ _0\"></span>ents.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y12c8 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12c9 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Each business man<span class=\"_ _2\"></span>ages insurance risks through<span class=\"_ _2\"></span> a combination of</div>\n<div class=\"t m0 x7 h4f y12ca ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Underwriting<span class=\"_ _2\"></span> Policy, Product App<span class=\"_ _2\"></span>roval Policy, Reser<span class=\"_ _2\"></span>ving Policy, Claim<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x7 h4f y12cb ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Manage<span class=\"_ _0\"></span>ment Polic<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>and R<span class=\"_ _0\"></span>einsura<span class=\"_ _0\"></span>nce Polic<span class=\"_ _0\"></span>y. Partic<span class=\"_ _2b\"></span>ular attention is p<span class=\"_ _0\"></span>aid</div>\n<div class=\"t m0 x7 h4f y12cc ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to ensuri<span class=\"_ _2b\"></span>ng that the cus<span class=\"_ _0\"></span>tomer s<span class=\"_ _2b\"></span>egment that buy<span class=\"_ _0\"></span>s the pr<span class=\"_ _2b\"></span>oduct is</div>\n<div class=\"t m0 x7 h4f y12cd ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">consistent w<span class=\"_ _2\"></span>ith the underly<span class=\"lse0 wsf0\">ing assumpt<span class=\"_ _0\"></span>ions made ab<span class=\"_ _0\"></span>out the cus<span class=\"_ _0\"></span>tomers </span></div>\n<div class=\"t m0 x7 h4f y12ce ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">when the pr<span class=\"_ _2\"></span>oduct was designed<span class=\"_ _2\"></span> and priced.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12cf ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12d0 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Underw<span class=\"_ _0\"></span>riting pol<span class=\"_ _2b\"></span>icies are adopted as<span class=\"_ _0\"></span> part of the ov<span class=\"_ _0\"></span>erall Ent<span class=\"_ _0\"></span>erpris<span class=\"_ _0\"></span>e Risk</div>\n<div class=\"t m0 x7 h4f y12d1 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Management frame<span class=\"_ _2\"></span>work and are revised by act<span class=\"_ _2\"></span>uarial staff, who examine</div>\n<div class=\"t m0 x7 h4f y12d2 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the actual<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>loss ex<span class=\"_ _2b\"></span>perience. A <span class=\"lse2 wsfa\">range of indicat<span class=\"_ _2\"></span>ors and statistic<span class=\"_ _2\"></span>al analysis </span></div>\n<div class=\"t m0 x7 h4f y12d3 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">tools are e<span class=\"_ _0\"></span>mployed<span class=\"_ _0\"></span> to refine und<span class=\"_ _0\"></span>erwriti<span class=\"_ _2b\"></span>ng standards in orde<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>to im<span class=\"_ _0\"></span>prove</div>\n<div class=\"t m0 x7 h4f y12d4 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">loss expe<span class=\"_ _0\"></span>rience an<span class=\"_ _0\"></span>d/or ens<span class=\"_ _0\"></span>ure pricin<span class=\"_ _0\"></span>g is adjust<span class=\"_ _0\"></span>ed approp<span class=\"_ _2b\"></span>riately.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y12d5 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y12d6 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas and <span class=\"_ _2\"></span>its subsidiaries<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>aim to set prem<span class=\"_ _2\"></span>iums at a level <span class=\"_ _2\"></span>that will</div>\n<div class=\"t m0 x1a h4f y12d7 ff19d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">ensur<span class=\"lse0 wsf0\">e that premiu<span class=\"_ _0\"></span>ms receiv<span class=\"_ _0\"></span>ed plus the i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nt income e<span class=\"_ _0\"></span>arned on </span></div>\n<div class=\"t m0 x1a h4f y12d8 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">them exce<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>tot<span class=\"_ _0\"></span>al claim<span class=\"_ _0\"></span>s, costs of h<span class=\"_ _0\"></span>andlin<span class=\"_ _0\"></span>g those clai<span class=\"_ _0\"></span>ms and the cos<span class=\"_ _0\"></span>t of</div>\n<div class=\"t m0 x1a h4f y12d9 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">managi<span class=\"_ _0\"></span>ng the busine<span class=\"_ _2b\"></span>ss. The appropri<span class=\"_ _0\"></span>ateness of p<span class=\"_ _2b\"></span>ricing is tested usi<span class=\"_ _0\"></span>ng a</div>\n<div class=\"t m0 x1a h4f y12da ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">range of techniques<span class=\"_ _2\"></span> and key performance indica<span class=\"_ _2\"></span>tor<span class=\"lse0 wsfa\">s ap<span class=\"_ _0\"></span>propri<span class=\"_ _0\"></span>ate to a </span></div>\n<div class=\"t m0 x1a h4f y12db ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partic<span class=\"_ _0\"></span>ular port<span class=\"_ _0\"></span>folio,<span class=\"_ _0\"></span> on both a<span class=\"_ _0\"></span> priori b<span class=\"_ _2b\"></span>asis (e.g. prof<span class=\"_ _2b\"></span>it testing) a<span class=\"_ _0\"></span>nd a</div>\n<div class=\"t m0 x1a h4f y12dc ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">poster<span class=\"_ _0\"></span>iori basis (e.<span class=\"_ _2b\"></span>g. embedded val<span class=\"_ _0\"></span>ue, combine<span class=\"_ _2b\"></span>d ratios, risks acc<span class=\"_ _0\"></span>epted</div>\n<div class=\"t m0 x1a h4f y12dd ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">during perio<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\">) </span></div>\n<div class=\"t m0 x1a h4f y12de ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y12df ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fact<span class=\"_ _2b\"></span>ors taken into<span class=\"_ _0\"></span> conside<span class=\"_ _2b\"></span>ration when p<span class=\"_ _0\"></span>ricing i<span class=\"_ _0\"></span>nsuran<span class=\"_ _0\"></span>ce vary by<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y12e0 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span> accordin<span class=\"_ _0\"></span>g to the cove<span class=\"_ _0\"></span>r and benef<span class=\"_ _0\"></span>its offer<span class=\"_ _0\"></span>ed. In gene<span class=\"_ _2b\"></span>ral<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> <span class=\"lsfc ws115\">they </span></span></div>\n<div class=\"t m0 x1a h4f y12e1 ff19d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">include:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y12e2 ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse0 wsf0\">expected claims<span class=\"_ _0\"></span> by policy<span class=\"_ _0\"></span>holders a<span class=\"_ _0\"></span>nd relate<span class=\"_ _0\"></span>d expect<span class=\"_ _0\"></span>ed pay<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">outs </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y12e3 ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and thei<span class=\"_ _0\"></span>r timin<span class=\"_ _0\"></span>g;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y12e4 ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse0 wsfa\">the level and n<span class=\"_ _0\"></span>ature of<span class=\"_ _0\"></span> variab<span class=\"_ _0\"></span>ility ass<span class=\"_ _2b\"></span>ociated with t<span class=\"_ _2b\"></span>he expected </span></span></div>\n<div class=\"t m0 x25a h4f y12e5 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefits. This<span class=\"_ _2\"></span> includes analysi<span class=\"lse1 ws104\">s of claims statistics as well as </span></div>\n<div class=\"t m0 x25a h4f y12e6 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consideration<span class=\"_ _2\"></span> of the evolution of court rul<span class=\"_ _2\"></span>ings, the economic climate</div>\n<div class=\"t m0 x25a h4f y12e7 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and demograph<span class=\"_ _2\"></span>ic trends;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y12e8 ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse0 wsf0\">other costs of prod<span class=\"_ _0\"></span>ucing the r<span class=\"_ _0\"></span>elevant pr<span class=\"_ _2b\"></span>oduct, such as dist<span class=\"_ _0\"></span>ributio<span class=\"_ _2b\"></span>n, </span></span></div>\n<div class=\"t m0 x25a h4f y12e9 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">marketi<span class=\"_ _0\"></span>ng, polic<span class=\"_ _0\"></span>y adminis<span class=\"_ _0\"></span>tratio<span class=\"_ _2b\"></span>n, and claim adminis<span class=\"_ _0\"></span>tratio<span class=\"_ _0\"></span>n <span class=\"lsf3 ws11c\">costs;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y12ea ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse2 ws103\">fi<span class=\"_ _2\"></span>nancial conditions, re<span class=\"_ _2\"></span>flecting the time value of mone<span class=\"_ _2\"></span>y;</span><span class=\"ff19d\"> </span></span></div>\n<div class=\"t m0 x1a h4f y12eb ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse0 wsf0\">solvency capit<span class=\"_ _0\"></span>al requi<span class=\"_ _0\"></span>rements;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y12ec ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse2 ws103\">ta<span class=\"_ _2\"></span>rget levels of profitabili<span class=\"_ _2\"></span>ty;</span><span class=\"ff19d\"> </span></span></div>\n<div class=\"t m0 x1a h4f y12ed ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse0 wsf0\">insurance mark<span class=\"_ _0\"></span>et condit<span class=\"_ _0\"></span>ions, not<span class=\"_ _0\"></span>ably co<span class=\"_ _0\"></span>mpetito<span class=\"_ _0\"></span>r pricing of<span class=\"_ _0\"></span> similar </span></span></div>\n<div class=\"t m0 x25a h4f y12ee ff19d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">products.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y12ef ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y12f0 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">In its exposures<span class=\"_ _2\"></span> to the above<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">mentioned ris<span class=\"_ _0\"></span>ks, Agea<span class=\"_ _0\"></span>s benefits<span class=\"_ _0\"></span> from </span></span></div>\n<div class=\"t m0 x1a h4f y12f1 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">diversifica<span class=\"_ _2\"></span>tion across geographica<span class=\"_ _2\"></span>l regions, product<span class=\"_ _2\"></span> lines and even<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y12f2 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">across the diff<span class=\"_ _2\"></span>erent insurance risk factors<span class=\"_ _2\"></span> so that Ageas is not exposed</div>\n<div class=\"t m0 x1a h4f y12f3 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">to significan<span class=\"_ _2\"></span>t concentrations of insurance<span class=\"_ _2\"></span> risks. Moreover, Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsf1\">an<span class=\"lsf4 ws0\">d its </span></span></div>\n<div class=\"t m0 x1a h4f y12f4 ff19d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">subsidiaries<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">have bu<span class=\"_ _0\"></span>ilt in specif<span class=\"_ _2b\"></span>ic mitigation m<span class=\"_ _0\"></span>easures in<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>orde<span class=\"_ _0\"></span>r to </span></span></div>\n<div class=\"t m0 x1a h4f y12f5 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">minimis<span class=\"_ _0\"></span>e their risk<span class=\"_ _0\"></span> exposur<span class=\"_ _2b\"></span>es. Examples are, l<span class=\"_ _0\"></span>apse sup<span class=\"_ _0\"></span>ported pr<span class=\"_ _0\"></span>oducts</div>\n<div class=\"t m0 x1a h4f y12f6 ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">via laps<span class=\"_ _0\"></span>e penalt<span class=\"_ _0\"></span>ies and/<span class=\"_ _2b\"></span>or market valu<span class=\"_ _2b\"></span>e adjustments <span class=\"_ _0\"></span>mitigat<span class=\"_ _0\"></span>e the los<span class=\"_ _0\"></span>s to</div>\n<div class=\"t m0 x1a h4f y12f7 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the insurance co<span class=\"_ _2\"></span>mpany and reinsurance treat<span class=\"_ _2\"></span>ies leading to limited</div>\n<div class=\"t m0 x1a h4f y12f8 ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">exposur<span class=\"_ _2b\"></span>e to large loss<span class=\"_ _0\"></span>es.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 255px; height: 851px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 255px; height: 851px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For risk monito<span class=\"_ _2\"></span>ring Ageas considers the<span class=\"_ _2\"></span> Solvency II Solvency Capital Req<span class=\"_ _2\"></span>uirement (SCR) per sub<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">risk. In the ta<span class=\"_ _0\"></span>ble belo<span class=\"_ _0\"></span>w, the S<span class=\"_ _0\"></span>CR for eac<span class=\"_ _2b\"></span>h type of </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Underw<span class=\"_ _0\"></span>riting R<span class=\"_ _0\"></span>isk is d<span class=\"_ _0\"></span>isplayed,<span class=\"_ _0\"></span> indic<span class=\"_ _0\"></span>ating t<span class=\"_ _0\"></span>he relat<span class=\"_ _0\"></span>iv<span class=\"wsf0\">e levels<span class=\"_ _0\"></span> of risk and ca<span class=\"_ _0\"></span>pital cons<span class=\"_ _0\"></span>umption.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff1a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1a2 fs3c fc1f sc0 lsef ws15f\" style=\"left: 69px; bottom: 1049px; z-index: 15;\">Comp<span class=\"_ _2\"></span>osition of<span class=\"_ _2\"></span> SCR <span class=\"lsec wsf3\">rela<span class=\"_ _2\"></span>ted to i<span class=\"_ _2\"></span>nsurance<span class=\"_ _2\"></span> risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x225 h52 y601 ff1a2 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 535px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y601 ff1a2 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 721px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1a2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">Life Underwriting Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5ff ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 588px; bottom: 1034px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5ff ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 1034px; z-index: 15;\">944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1a2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Health Underwriting Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y605 ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 597px; bottom: 1019px; z-index: 15;\">322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y605 ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 1019px; z-index: 15;\">338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Life Underwriting Risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x16 h52 y603 ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 597px; bottom: 1004px; z-index: 15;\">966<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y603 ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 1004px; z-index: 15;\">875<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12fc ff1a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12fd ff1a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h55 y12fe ff1a4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.2.1<span class=\"ls0 ws0\"> <span class=\"_ _211\"> </span><span class=\"lse0 wsf0\">Life unde<span class=\"_ _0\"></span>rwriti<span class=\"_ _0\"></span>ng risks<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y12ff ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life unde<span class=\"_ _0\"></span>rwriti<span class=\"_ _0\"></span>ng risk refl<span class=\"_ _0\"></span>ects the ri<span class=\"_ _0\"></span>sk arisin<span class=\"_ _0\"></span>g from Life in<span class=\"_ _0\"></span>surance</div>\n<div class=\"t m0 x7 h4f y1300 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">obligat<span class=\"_ _2b\"></span>ions, in relatio<span class=\"_ _2b\"></span>n to the perils c<span class=\"_ _2b\"></span>overed and th<span class=\"_ _0\"></span>e process<span class=\"_ _2b\"></span>es used in</div>\n<div class=\"t m0 x7 h4f y1301 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the conduct of bu<span class=\"_ _2\"></span>siness.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1302 ff1a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1303 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life unde<span class=\"_ _0\"></span>rwriti<span class=\"_ _0\"></span>ng risks ar<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">mainly compo<span class=\"_ _2\"></span>sed of mortality/longev<span class=\"_ _2\"></span>ity, </span></span></div>\n<div class=\"t m0 x7 h4f y1304 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disabil<span class=\"_ _0\"></span>ity/mo<span class=\"_ _0\"></span>rbidity<span class=\"_ _0\"></span>, lapse and p<span class=\"_ _0\"></span>ersiste<span class=\"_ _2b\"></span>ncy, life expense, r<span class=\"_ _2b\"></span>evision as well</div>\n<div class=\"t m0 x7 h4f y1305 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as catast<span class=\"_ _2b\"></span>rophe risks. T<span class=\"_ _0\"></span>his sect<span class=\"_ _2b\"></span>ion will first<span class=\"_ _0\"></span> describ<span class=\"_ _2b\"></span>e these risks <span class=\"_ _0\"></span>(sub<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1306 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">sections<span class=\"_ _0\"></span> A to F).<span class=\"_ _0\"></span> It will t<span class=\"_ _2b\"></span>hen provide an o<span class=\"_ _0\"></span>vervi<span class=\"_ _0\"></span>ew of the<span class=\"_ _0\"></span>ir manag<span class=\"_ _2b\"></span>em<span class=\"lse2 wsf1\">ent<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1307 ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">within Agea<span class=\"_ _2\"></span>s operating companie<span class=\"_ _2\"></span>s (sub<span class=\"ls0 ws0\">-<span class=\"lse1 ws11d\">section G).</span> </span></div>\n<div class=\"t m0 x7 h4f y1308 ff1a2 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">A.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span><span class=\"ls105 ws12a\">MORTAL<span class=\"_ _2\"></span>ITY/LONGEV<span class=\"_ _2\"></span>ITY RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1309 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Mortali<span class=\"_ _0\"></span>ty risk is the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>risk of l<span class=\"_ _0\"></span>oss, or of adv<span class=\"_ _0\"></span>erse chang<span class=\"_ _2b\"></span>e in the value of</div>\n<div class=\"t m0 x7 h4f y130a ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">insurance liab<span class=\"_ _2\"></span>ilities, resulting from chan<span class=\"_ _2\"></span>ges in the level, trend, or</div>\n<div class=\"t m0 x7 h4f y130b ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of mo<span class=\"_ _2b\"></span>rtality rates<span class=\"_ _0\"></span>, <span class=\"wsf0\">where a<span class=\"_ _0\"></span>n increase i<span class=\"_ _0\"></span>n the mort<span class=\"_ _0\"></span>ality rate l<span class=\"_ _0\"></span>eads </span></div>\n<div class=\"t m0 x7 h4f y130c ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to an incr<span class=\"_ _2b\"></span>ease in the val<span class=\"_ _2b\"></span>ue of insuranc<span class=\"_ _0\"></span>e liabil<span class=\"_ _0\"></span>ities. T<span class=\"_ _2b\"></span>he mortality t<span class=\"_ _0\"></span>ables</div>\n<div class=\"t m0 x7 h4f y130d ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">used in pric<span class=\"_ _0\"></span>ing incl<span class=\"_ _0\"></span>ude prude<span class=\"_ _0\"></span>ntial mar<span class=\"_ _0\"></span>gins. As pe<span class=\"_ _0\"></span>r indust<span class=\"_ _0\"></span>ry practic<span class=\"_ _0\"></span>e,</div>\n<div class=\"t m0 x7 h4f y130e ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas and <span class=\"_ _2\"></span>its subsidiaries<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"ws103\">use the population exper<span class=\"_ _2\"></span>ience tables w<span class=\"lsfc ws115\">ith </span></span></div>\n<div class=\"t m0 x7 h4f y130f ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adequat<span class=\"_ _0\"></span>e safety lo<span class=\"_ _0\"></span>adings. Ye<span class=\"_ _2b\"></span>arly review of the as<span class=\"_ _0\"></span>sumpti<span class=\"_ _0\"></span>ons is</div>\n<div class=\"t m0 x7 h4f y1310 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">necess<span class=\"_ _0\"></span>ary to co<span class=\"_ _0\"></span>mpare t<span class=\"_ _0\"></span>he expec<span class=\"_ _0\"></span>ted mo<span class=\"_ _0\"></span>rtality <span class=\"_ _0\"></span>of the p<span class=\"_ _0\"></span>ortfoli<span class=\"_ _0\"></span>o with th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y1311 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">experie<span class=\"_ _0\"></span>nce. Th<span class=\"_ _0\"></span>is analy<span class=\"_ _0\"></span>sis tak<span class=\"_ _0\"></span>es a numb<span class=\"_ _0\"></span>er of cr<span class=\"_ _0\"></span>iteria i<span class=\"_ _0\"></span>nto acc<span class=\"_ _0\"></span>ount suc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x7 h4f y1312 ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">as age, po<span class=\"_ _2\"></span>licy year, sum as<span class=\"_ _2\"></span>sured and other u<span class=\"_ _2\"></span>nderw<span class=\"lse0 wsf0\">ritin<span class=\"_ _0\"></span>g criteri<span class=\"_ _0\"></span>a. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1313 ff1a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1314 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Longevit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>risk<span class=\"_ _0\"></span> is the risk of lo<span class=\"_ _2b\"></span>ss, or of adverse chan<span class=\"_ _0\"></span>ge in the val<span class=\"_ _0\"></span>ue of</div>\n<div class=\"t m0 x7 h4f y1315 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">insurance liab<span class=\"_ _2\"></span>ilities, resulting from chan<span class=\"_ _2\"></span>ges in the level, trend, or</div>\n<div class=\"t m0 x7 h4f y1316 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of mort<span class=\"_ _0\"></span>ality rate<span class=\"_ _2b\"></span>s, where a decrease i<span class=\"_ _0\"></span>n the mortal<span class=\"_ _0\"></span>ity rate lea<span class=\"_ _2b\"></span>ds</div>\n<div class=\"t m0 x7 h4f y1317 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to an incre<span class=\"_ _0\"></span>ase in <span class=\"wsfa\">the v<span class=\"_ _0\"></span>alue of i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e liabilities. <span class=\"_ _0\"></span>This ris<span class=\"_ _2b\"></span>k is managed </span></div>\n<div class=\"t m0 x7 h4f y1318 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">through yearl<span class=\"_ _2\"></span>y revision of the mortality e<span class=\"_ _2\"></span>xperience within the portf<span class=\"_ _2\"></span>olio.</div>\n<div class=\"t m0 x7 h4f y1319 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Where l<span class=\"_ _0\"></span>ongevity<span class=\"_ _0\"></span> is foun<span class=\"_ _2b\"></span>d to be rising f<span class=\"_ _2b\"></span>aster than ass<span class=\"_ _0\"></span>umed in t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y131a ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">mortality <span class=\"_ _2\"></span>tables, additional pro<span class=\"_ _2\"></span>visions are set<span class=\"_ _2\"></span> up and prici<span class=\"lse0 wsf0\">ng of new </span></div>\n<div class=\"t m0 x7 h4f y131b ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">products is<span class=\"_ _2\"></span> adjusted accordingl<span class=\"_ _2\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y131c ff1a2 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">B.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span><span class=\"lsfc ws121\">DISAB<span class=\"_ _2\"></span>ILITY/M<span class=\"_ _2\"></span>ORBIDITY<span class=\"_ _2\"></span> RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y131d ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Disabil<span class=\"_ _0\"></span>ity/mo<span class=\"_ _0\"></span>rbidity<span class=\"_ _0\"></span> risk is t<span class=\"_ _0\"></span>he risk of<span class=\"_ _0\"></span> loss, <span class=\"_ _0\"></span>or of adv<span class=\"_ _0\"></span>erse ch<span class=\"_ _2b\"></span>ange in the</div>\n<div class=\"t m0 x7 h4f y131e ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value of<span class=\"_ _0\"></span> insura<span class=\"_ _0\"></span>nce lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span>, result<span class=\"_ _0\"></span>ing fro<span class=\"_ _0\"></span>m chang<span class=\"_ _2b\"></span>es in the level,<span class=\"_ _0\"></span> trend o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x7 h4f y131f ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of dis<span class=\"_ _2b\"></span>ability, sickn<span class=\"_ _2b\"></span>ess and morbi<span class=\"_ _0\"></span>dity rat<span class=\"_ _0\"></span>es. This c<span class=\"_ _2b\"></span>an, for</div>\n<div class=\"t m0 x7 h4f y1320 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">example,<span class=\"_ _0\"></span> arise in t<span class=\"_ _0\"></span>he disabil<span class=\"_ _0\"></span>ity <span class=\"lse2 ws103\">business, health bus<span class=\"_ _2\"></span>iness and <span class=\"wsf1\">worker\u2019s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1321 ff1a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">compensation.<span class=\"_ _2\"></span> <span class=\"wsfa\">Ageas and its <span class=\"_ _2\"></span>subsidiaries<span class=\"ls0 ws0\"> </span><span class=\"ws103\">mi<span class=\"_ _2\"></span>tigate disability risk thro<span class=\"_ _2\"></span>ugh </span></span></div>\n<div class=\"t m0 x7 h4f y1322 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">medical s<span class=\"_ _2b\"></span>election strat<span class=\"_ _2b\"></span>egies and ap<span class=\"_ _0\"></span>propriat<span class=\"_ _0\"></span>e reins<span class=\"_ _0\"></span>urance c<span class=\"_ _2b\"></span>over.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1323 ff1a2 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">C.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lsfd ws120\">LAPSE AND PERSISTENCY <span class=\"_ _2\"></span>RISKS</span> </span></div>\n<div class=\"t m0 x7 h4f y1324 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Lapse risk<span class=\"_ _0\"></span> is the risk of los<span class=\"_ _0\"></span>s, or of adve<span class=\"_ _2b\"></span>rse ch<span class=\"wsfa\">ange in th<span class=\"_ _0\"></span>e value of<span class=\"_ _2b\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1325 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span>, resulti<span class=\"_ _2b\"></span>ng from chang<span class=\"_ _0\"></span>es in th<span class=\"_ _0\"></span>e level <span class=\"_ _0\"></span>or volatil<span class=\"_ _2b\"></span>ity of the</div>\n<div class=\"t m0 x7 h4f y1326 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rates of pol<span class=\"_ _2b\"></span>icy lapses and persis<span class=\"_ _0\"></span>tency<span class=\"_ _0\"></span>, which incl<span class=\"_ _2b\"></span>ude renewals,</div>\n<div class=\"t m0 x1a h4f y1327 ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">surrenders,<span class=\"_ _2\"></span> premium reductions a<span class=\"_ _2\"></span>nd other premium <span class=\"_ _2\"></span>reducing factors.</div>\n<div class=\"t m0 x1a h4f y1328 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Note that persis<span class=\"_ _2\"></span>tency ri<span class=\"lse0 wsf0\">sk is anot<span class=\"_ _0\"></span>her name so<span class=\"_ _0\"></span>metimes us<span class=\"_ _2b\"></span>ed to describe </span></div>\n<div class=\"t m0 x1a h4f y1329 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the vol<span class=\"_ _0\"></span>atility i<span class=\"_ _2b\"></span>n the policy pre<span class=\"_ _0\"></span>mium la<span class=\"_ _2b\"></span>pses and reinst<span class=\"_ _2b\"></span>atements of la<span class=\"_ _0\"></span>psed</div>\n<div class=\"t m0 x1a h4f y132a ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">policies, fre<span class=\"_ _2\"></span>e look cancellations or surre<span class=\"_ _2\"></span>nders.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y132b ff1a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y132c ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">When designing and<span class=\"_ _2\"></span> pricing insurance polic<span class=\"_ _2\"></span>ies, assumptions also need<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y132d ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be made rel<span class=\"_ _2b\"></span>atin<span class=\"wsfa\">g to the cost<span class=\"_ _0\"></span>s of se<span class=\"_ _0\"></span>lling a<span class=\"_ _0\"></span>nd then a<span class=\"_ _0\"></span>dminist<span class=\"_ _0\"></span>ering t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x1a h4f y132e ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span> until t<span class=\"_ _2b\"></span>hey lapse or mat<span class=\"_ _2b\"></span>ure and relati<span class=\"_ _2b\"></span>ng to the rate of<span class=\"_ _0\"></span> persis<span class=\"_ _0\"></span>tency</div>\n<div class=\"t m0 x1a h4f y132f ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">that will be ex<span class=\"_ _2b\"></span>perienced. The r<span class=\"_ _0\"></span>isks that<span class=\"_ _0\"></span> in actual exp<span class=\"_ _0\"></span>erience ma<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>be</div>\n<div class=\"t m0 x1a h4f y1330 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nt from the pot<span class=\"_ _0\"></span>ential im<span class=\"_ _2b\"></span>pact are identifi<span class=\"_ _2b\"></span>ed during <span class=\"lse2 ws103\">the product </span></div>\n<div class=\"t m0 x1a h4f y1331 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">development<span class=\"_ _2\"></span> stage and can be mitigated by thorough<span class=\"_ _2\"></span> product design.</div>\n<div class=\"t m0 x1a h4f y1332 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For example, the<span class=\"_ _2\"></span> use of early redemption pena<span class=\"_ _2\"></span>lties/loyalty bonuses,</div>\n<div class=\"t m0 x1a h4f y1333 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial charg<span class=\"_ _2\"></span>es or spreading the commissi<span class=\"_ _2\"></span>on paid to distributors to<span class=\"_ _2\"></span> align</div>\n<div class=\"t m0 x1a h4f y1334 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>ts or a market<span class=\"_ _0\"></span> value<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">adjustment</span> </span>where the risks ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>com<span class=\"_ _0\"></span>pletely<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1335 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">born by t<span class=\"_ _2b\"></span>he policyhold<span class=\"_ _0\"></span>ers in cas<span class=\"_ _2b\"></span>e of lapse.<span class=\"ls0 ws0\"> </span>In som<span class=\"_ _2b\"></span>e markets, fisc<span class=\"_ _2b\"></span>al</div>\n<div class=\"t m0 x1a h4f y1336 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">incenti<span class=\"_ _0\"></span>ves als<span class=\"_ _0\"></span>o mitigat<span class=\"_ _2b\"></span>e the lapse ris<span class=\"_ _0\"></span>k<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1337 ff1a2 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">D.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"ls105 ws120\">LIFE</span>-<span class=\"lse2 wsfa\">E<span class=\"_ _2\"></span>XPENSE RISK</span> </span></div>\n<div class=\"t m0 x1a h4f y1338 ff1a2 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">Life<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">expense risk is the ri<span class=\"_ _2\"></span>sk of loss, or of adverse change<span class=\"_ _2\"></span> in the value of </span></span></div>\n<div class=\"t m0 x1a h4f y1339 ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance l<span class=\"_ _2\"></span>iabi<span class=\"ws103\">lities, resulting from<span class=\"_ _2\"></span> changes in the level, trend<span class=\"_ _2\"></span>, or </span></div>\n<div class=\"t m0 x1a h4f y133a ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of the exp<span class=\"_ _0\"></span>enses inc<span class=\"_ _0\"></span>urred in ser<span class=\"_ _0\"></span>vicing i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e or reinsurance</div>\n<div class=\"t m0 x1a h4f y133b ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts. Expen<span class=\"_ _2\"></span>se risk arises if the expenses<span class=\"_ _2\"></span> anticipated when pricing</div>\n<div class=\"t m0 x1a h4f y133c ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a guarant<span class=\"_ _2b\"></span>ee are insuff<span class=\"_ _0\"></span>icient t<span class=\"_ _2b\"></span>o cover the actu<span class=\"_ _0\"></span>al costs<span class=\"_ _0\"></span> <span class=\"wsf0\">accrui<span class=\"_ _0\"></span>ng in the </span></div>\n<div class=\"t m0 x1a h4f y133d ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing year.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y133e ff1a2 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">E.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span><span class=\"lsfc ws121\">REVIS<span class=\"_ _2\"></span>ION RISK<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x1a h4f y133f ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Revisio<span class=\"_ _0\"></span>n risk is the<span class=\"_ _0\"></span> risk of loss, or of a<span class=\"_ _0\"></span>dverse ch<span class=\"_ _0\"></span>ange in the v<span class=\"_ _0\"></span>alue of</div>\n<div class=\"t m0 x1a h4f y1340 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">insurance liab<span class=\"_ _2\"></span>ilities, resulting from fl<span class=\"_ _2\"></span>uctuations in the level, trend<span class=\"_ _2\"></span>, or</div>\n<div class=\"t m0 x1a h4f y1341 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of t<span class=\"_ _0\"></span>he revi<span class=\"_ _0\"></span>sion rate<span class=\"_ _2b\"></span>s applied to an<span class=\"_ _0\"></span>nuities<span class=\"_ _0\"></span>, due t<span class=\"wsf0\">o c<span class=\"_ _0\"></span>hanges in th<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x1a h4f y1342 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">legal envi<span class=\"_ _2b\"></span>ronment or in the stat<span class=\"_ _2b\"></span>e of health of the pers<span class=\"_ _0\"></span>on insur<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1343 ff1a2 fs3a fc1f sc0 lsf3 ws11c\" style=\"z-index: 15;\">F.<span class=\"ls0 ws0\"> <span class=\"_ _a\"> </span><span class=\"lsfd ws120\">CATASTROPHE RISK </span> </span></div>\n<div class=\"t m0 x1a h4f y1344 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life\u2019s cat<span class=\"_ _2b\"></span>astrophe risk ste<span class=\"_ _2b\"></span>ms <span class=\"_ _2\"></span>fro<span class=\"_ _2b\"></span>m extreme or irregul<span class=\"_ _2b\"></span>ar events that are</div>\n<div class=\"t m0 x1a h4f y1345 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">life thr<span class=\"_ _0\"></span>eatenin<span class=\"_ _0\"></span>g, for<span class=\"_ _0\"></span> example <span class=\"_ _0\"></span>nuclea<span class=\"_ _0\"></span>r explos<span class=\"_ _0\"></span>ion, new <span class=\"_ _0\"></span>infec<span class=\"_ _0\"></span>tious <span class=\"lse2 wsf1\">pandemic </span></div>\n<div class=\"t m0 x1a h4f y1346 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disease,<span class=\"_ _0\"></span> terroris<span class=\"_ _2b\"></span>m, or natural disas<span class=\"_ _0\"></span>ters.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1347 ff1a2 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">G.<span class=\"ls0 ws0\"> <span class=\"_ _c2\"> </span><span class=\"lsfa ws136\">MA<span class=\"_ _2\"></span>NAGEMENT OF <span class=\"_ _2\"></span>LIFE RISKS <span class=\"_ _2\"></span>AT AGEAS INS<span class=\"_ _2\"></span>URANCE </span></span></div>\n<div class=\"t m0 x237 h4f y1348 ff1a2 fs3a fc1f sc0 lsfd ws116\" style=\"z-index: 15;\">COMPANIES <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1349 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life unde<span class=\"_ _0\"></span>rwriti<span class=\"_ _0\"></span>ng risks ar<span class=\"_ _0\"></span>e monitor<span class=\"_ _0\"></span>ed via inter<span class=\"_ _0\"></span>nal quart<span class=\"_ _0\"></span>erly risk re<span class=\"_ _2b\"></span>porting</div>\n<div class=\"t m0 x1a h4f y134a ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in order t<span class=\"_ _2b\"></span>o better unders<span class=\"_ _0\"></span>tand t<span class=\"_ _0\"></span>heir ex<span class=\"_ _0\"></span>posure t<span class=\"_ _0\"></span>o certa<span class=\"_ _0\"></span>in events<span class=\"_ _0\"></span> and th<span class=\"_ _0\"></span>ei<span class=\"wsef\">r </span></div>\n<div class=\"t m0 x1a h4f y134b ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">evoluti<span class=\"_ _0\"></span>on. Most<span class=\"_ _0\"></span> of the L<span class=\"_ _0\"></span>ife ins<span class=\"_ _0\"></span>urance o<span class=\"_ _2b\"></span>perating comp<span class=\"_ _0\"></span>anies a<span class=\"_ _0\"></span>re expos<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f y134c ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to simil<span class=\"_ _0\"></span>ar event<span class=\"_ _0\"></span>s, suc<span class=\"_ _0\"></span>h as (mas<span class=\"_ _0\"></span>s) laps<span class=\"_ _2b\"></span>e events, expe<span class=\"_ _0\"></span>nses or</div>\n<div class=\"t m0 x1a h4f y134d ff1a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">mortality/long<span class=\"_ _2\"></span>evity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 269px; height: 837px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 269px; height: 837px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1a6 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">H.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"ls107 ws120\">SENSIT<span class=\"_ _2b\"></span>IVITIES ON T<span class=\"_ _2b\"></span>ECHNICAL P<span class=\"_ _0\"></span>ROVIS<span class=\"_ _0\"></span>IONS <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1a6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span></span><span class=\"ws103\">main tool for monit<span class=\"lse0 wsf0\">oring the sensit<span class=\"_ _2b\"></span>ivity of the life insu<span class=\"_ _2b\"></span>rance </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies to underwrit<span class=\"_ _0\"></span>ing risks is<span class=\"_ _0\"></span> the quarte<span class=\"_ _2b\"></span>rly risk reporting,<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>whic<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x7 h4f y805 ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contains the<span class=\"_ _2\"></span> capital requirements by sub<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse1 wsf0\">risk. <span class=\"lse0\">For con<span class=\"_ _0\"></span>solidate<span class=\"_ _2b\"></span>d entities </span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subject t<span class=\"_ _2b\"></span>o Solvency II<span class=\"_ _0\"></span> or equiv<span class=\"_ _0\"></span>alent r<span class=\"_ _0\"></span>egimes,<span class=\"_ _0\"></span> t<span class=\"lse2\">hese capital re<span class=\"_ _2\"></span>quir<span class=\"wsf1\">ements </span></span></div>\n<div class=\"t m0 x7 h4f y807 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflect t<span class=\"_ _0\"></span>he impact o<span class=\"_ _0\"></span>n Solvency<span class=\"_ _0\"></span> II Own Funds<span class=\"_ _0\"></span> under high<span class=\"_ _0\"></span>ly stress<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f y808 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">underw<span class=\"_ _0\"></span>riting ass<span class=\"_ _0\"></span>umption<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>(e.<span class=\"_ _0\"></span>g. lapse rat<span class=\"_ _0\"></span>es, mort<span class=\"_ _0\"></span>ality rat<span class=\"_ _0\"></span>es, disabi<span class=\"_ _0\"></span>lity and</div>\n<div class=\"t m0 x7 h4f y809 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">morbidit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>rat<span class=\"_ _2b\"></span>es, expenses, \u2026)<span class=\"ls0 ws0\"> </span>cor<span class=\"_ _2b\"></span>responding to a 1 in 200 st<span class=\"_ _0\"></span>ress.<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t m0 x7 h4f y80a ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80b ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The majority of<span class=\"_ _2\"></span> Life technical provisio<span class=\"lse0 wsf0\">ns at Ageas relat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to Sa<span class=\"_ _0\"></span>vings &amp; </span></div>\n<div class=\"t m0 x7 h4f y80c ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Pensio<span class=\"_ _0\"></span>n business<span class=\"_ _0\"></span>. As a result<span class=\"_ _0\"></span>, the main u<span class=\"_ _0\"></span>ncertaint<span class=\"_ _2b\"></span>ies to Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"ls106 ws124\">life </span></span></div>\n<div class=\"t m0 x7 h4f y80d ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce liabilit<span class=\"_ _2b\"></span>ies are<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">related t<span class=\"_ _0\"></span>o<span class=\"ls0 ws0\"> <span class=\"lse1 ws11d\">market risks suc</span>h <span class=\"lse1 ws104\">a<span class=\"_ _2\"></span>s t</span></span>h<span class=\"_ _0\"></span>e level of f<span class=\"_ _2b\"></span>ixed </span></div>\n<div class=\"t m0 x7 h4f y80e ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">income spread<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">lev<span class=\"_ _0\"></span>els, risk ass<span class=\"_ _2b\"></span>et returns, and th<span class=\"_ _0\"></span>e term struct<span class=\"_ _0\"></span>ure of </span></span></div>\n<div class=\"t m0 x7 h4f y80f ff1a6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">interest <span class=\"_ _2\"></span><span class=\"ws103\">rates, rather than underw<span class=\"_ _2\"></span>riting risks such as lapse, mor<span class=\"_ _2\"></span>tality or </span></div>\n<div class=\"t m0 x7 h4f y810 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expense ri<span class=\"_ _2b\"></span>sks. <span class=\"wsfa\">For Protect<span class=\"_ _2b\"></span>ion, Annuity<span class=\"_ _0\"></span> or Healt<span class=\"_ _0\"></span>h produc<span class=\"_ _0\"></span>ts, th<span class=\"_ _0\"></span>e relativ<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y90a ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">importa<span class=\"_ _2b\"></span>nce of underwrit<span class=\"_ _0\"></span>ing risks ca<span class=\"_ _0\"></span>n be more imp<span class=\"_ _2b\"></span>ortant for individ<span class=\"_ _0\"></span>ual</div>\n<div class=\"t m0 x7 h4f y90b ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">entitie<span class=\"_ _0\"></span>s, howev<span class=\"_ _2b\"></span>er these are not<span class=\"_ _0\"></span> the mai<span class=\"_ _2b\"></span>n risks a<span class=\"wsf0\">t the Gro<span class=\"_ _0\"></span>up level.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y90c ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90d ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Based on thi<span class=\"_ _0\"></span>s, Ageas<span class=\"_ _0\"></span> does not reg<span class=\"_ _0\"></span>ularly re<span class=\"_ _2b\"></span>port quantitati<span class=\"_ _0\"></span>ve first or<span class=\"_ _0\"></span>der</div>\n<div class=\"t m0 x7 h4f y90e ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sensitiv<span class=\"_ _2b\"></span>ities on a Group<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">wide basis. <span class=\"_ _2\"></span>Instead, these ri<span class=\"_ _2\"></span>sks are monitored </span></span></div>\n<div class=\"t m0 x7 h4f y90f ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as part of the r<span class=\"_ _0\"></span>egular ris<span class=\"_ _0\"></span>k report<span class=\"_ _0\"></span>ing which<span class=\"_ _0\"></span> takes an econ<span class=\"_ _2b\"></span>omic view.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yb28 ff1a8 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.2.2<span class=\"ls0 ws0\"> <span class=\"_ _211\"> </span><span class=\"lse2 wsf1\">Non</span>-<span class=\"ls102 ws11d\">lif<span class=\"_ _2\"></span>e <span class=\"lse2 wsfa\">underwriting ri<span class=\"_ _2\"></span>sks</span></span> </span></div>\n<div class=\"t m0 x7 h4f yb29 ff1a6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life<span class=\"_ _2\"></span> underwriting ris<span class=\"_ _2\"></span>ks are mainly compo<span class=\"_ _2\"></span>sed of reserve, pre<span class=\"_ _2\"></span>mium, </span></div>\n<div class=\"t m0 x7 h4f yb2a ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">catast<span class=\"_ _0\"></span>rophe an<span class=\"_ _0\"></span>d lapse r<span class=\"_ _0\"></span>isks. T<span class=\"_ _0\"></span>his sect<span class=\"_ _2b\"></span>ion will first d<span class=\"_ _2b\"></span>escribe these <span class=\"_ _0\"></span>risks</div>\n<div class=\"t m0 x7 h4f yb2b ff1a6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">(sub<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">sectio<span class=\"_ _2b\"></span>ns A <span class=\"_ _2\"></span>to D<span class=\"_ _0\"></span>). It will the<span class=\"_ _0\"></span>n provide an ov<span class=\"_ _2b\"></span>erview of their </span></div>\n<div class=\"t m0 x7 h4f yb2c ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">management w<span class=\"_ _2\"></span>ithin Ageas operating<span class=\"_ _2\"></span> companies (sub<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">se<span class=\"_ _0\"></span>ction E) and </span></span></div>\n<div class=\"t m0 x7 h4f yb2d ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">loss ratios (sub<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">secti<span class=\"_ _2b\"></span>on F), Non<span class=\"ls0 ws0\">-<span class=\"lse1 ws104\">life risk sensitivities (sub</span>-</span>section G) a<span class=\"_ _0\"></span>nd </span></span></div>\n<div class=\"t m0 x7 h4f y962 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss res<span class=\"_ _0\"></span>erve ta<span class=\"_ _0\"></span>bles (s<span class=\"_ _0\"></span>ub<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">section H).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y893 ff1a6 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">A.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span><span class=\"lsfd ws120\">RESERVE RISK </span> </span></div>\n<div class=\"t m0 x7 h4f y894 ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Reserve ri<span class=\"_ _2\"></span>sk is related to<span class=\"_ _2\"></span> outstanding claims<span class=\"_ _2\"></span> and represents th<span class=\"_ _2\"></span>e risk of</div>\n<div class=\"t m0 x7 h4f y895 ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">adverse change<span class=\"_ _2\"></span> in<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">the val<span class=\"_ _0\"></span>ue of insura<span class=\"_ _2b\"></span>nce liabilities r<span class=\"_ _0\"></span>esulting f<span class=\"_ _0\"></span>rom </span></span></div>\n<div class=\"t m0 x7 h4f y896 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fluctuat<span class=\"_ _2b\"></span>ions in the timing and a<span class=\"_ _2b\"></span>mount of claim sett<span class=\"_ _0\"></span>lement<span class=\"_ _0\"></span>s and claims</div>\n<div class=\"t m0 x7 h4f y897 ff1a6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9b1 ff1a6 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">B.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span><span class=\"ls104 ws136\">PREMIUM RI<span class=\"_ _0\"></span>SK<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y9b2 ff1a6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"ws103\">life<span class=\"_ _2\"></span> premium risk is the risk tha<span class=\"_ _2\"></span>t the premium will not be suffi<span class=\"_ _2\"></span>cient to </span></div>\n<div class=\"t m0 x7 h4f y9b3 ff1a6 fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">cover al<span class=\"_ _2\"></span>l liabilities<span class=\"_ _2\"></span> including<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">cl<span class=\"_ _2\"></span>aims and expenses r<span class=\"_ _2\"></span>esulting from </span></span></div>\n<div class=\"t m0 x7 h4f y9b4 ff1a6 fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">fluctuations in frequency, severity of claims, timing of claim settlements,</div>\n<div class=\"t m0 x7 h4f y9b5 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or adverse c<span class=\"_ _0\"></span>hanges<span class=\"_ _0\"></span> in expenses<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9b6 ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9b7 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Claims lo<span class=\"_ _0\"></span>sses can dif<span class=\"_ _0\"></span>fer fro<span class=\"_ _0\"></span>m the expect<span class=\"_ _2b\"></span>ed outcome for a ran<span class=\"_ _0\"></span>ge of</div>\n<div class=\"t m0 x7 h4f y9b8 ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reasons. Analy<span class=\"_ _2\"></span>sis of claims will generall<span class=\"_ _2\"></span>y tr<span class=\"wsfa\">eat differently <span class=\"_ _2\"></span>short and long<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f yd4c ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">tail clai<span class=\"_ _2\"></span>ms. Short<span class=\"ls0 ws0\">-</span><span class=\"ws103\">tail cla<span class=\"_ _2\"></span>ims, such as motor damage and prope<span class=\"_ _2\"></span>rty </span></div>\n<div class=\"t m0 x1a h4f ye9a ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">damage cl<span class=\"_ _0\"></span>aims, are ge<span class=\"_ _0\"></span>nerally r<span class=\"_ _2b\"></span>eported within a fe<span class=\"_ _0\"></span>w days or wee<span class=\"_ _0\"></span>ks and</div>\n<div class=\"t m0 x1a h4f ye9b ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are sett<span class=\"_ _0\"></span>led soo<span class=\"_ _0\"></span>n afterw<span class=\"_ _0\"></span>ards. Th<span class=\"_ _0\"></span>e resol<span class=\"_ _0\"></span>ution of<span class=\"_ _0\"></span> long<span class=\"ls0 ws0\">-</span>tail c<span class=\"_ _2b\"></span>laims, such as<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ye9c ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">bodily inj<span class=\"_ _2b\"></span>ury or <span class=\"wsfa\">liability c<span class=\"_ _0\"></span>laims, c<span class=\"_ _2b\"></span>an take years to c<span class=\"_ _2b\"></span>omplete. In t<span class=\"_ _0\"></span>he case <span class=\"_ _0\"></span>of </span></div>\n<div class=\"t m0 x1a h4f ye9d ff1a6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">long<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">tail claims, <span class=\"_ _0\"></span>inform<span class=\"_ _0\"></span>ation con<span class=\"_ _2b\"></span>cerning the ev<span class=\"_ _0\"></span>ent, suc<span class=\"_ _2b\"></span>h as medical </span></span></div>\n<div class=\"t m0 x1a h4f yd2e ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">treatment re<span class=\"_ _2\"></span>quired, may, due <span class=\"_ _2\"></span>to its very na<span class=\"_ _2\"></span>ture, not be rea<span class=\"_ _2\"></span>dily</div>\n<div class=\"t m0 x1a h4f yd2f ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">obtainable.<span class=\"_ _2\"></span> Analysis of long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls106 ws10c\">tail loss<span class=\"_ _2b\"></span>es is also more difficult<span class=\"lse2 wsfa\">, requires </span></span></span></div>\n<div class=\"t m0 x1a h4f yd30 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">more det<span class=\"_ _2b\"></span>ailed work and <span class=\"_ _2b\"></span>is subject to g<span class=\"_ _2b\"></span>reater uncerta<span class=\"_ _0\"></span>inties<span class=\"_ _0\"></span> than an<span class=\"_ _0\"></span>alysis</div>\n<div class=\"t m0 x1a h4f yd31 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of short<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">tail losses<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd32 ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd33 ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas and <span class=\"_ _2\"></span>its subsidiaries<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>take into accoun<span class=\"_ _2\"></span>t experience with <span class=\"_ _2\"></span>similar</div>\n<div class=\"t m0 x1a h4f yd34 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cases and h<span class=\"_ _0\"></span>istoric<span class=\"_ _0\"></span>al trends, s<span class=\"_ _0\"></span>uch as res<span class=\"_ _0\"></span>erving pat<span class=\"_ _0\"></span>terns,<span class=\"_ _0\"></span> exposur<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1350 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">growth, l<span class=\"_ _0\"></span>oss p<span class=\"wsfa\">ayment<span class=\"_ _2b\"></span>s, pending lev<span class=\"_ _2b\"></span>els of unpaid c<span class=\"_ _0\"></span>laims,<span class=\"_ _0\"></span> as well as <span class=\"_ _2b\"></span>court </span></div>\n<div class=\"t m0 x1a h4f y1351 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">decisi<span class=\"_ _0\"></span>ons and ec<span class=\"_ _2b\"></span>onomic condit<span class=\"_ _0\"></span>ions. I<span class=\"_ _2b\"></span>n the event that <span class=\"_ _2b\"></span>experience is</div>\n<div class=\"t m0 x1a h4f y1352 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">either de<span class=\"_ _0\"></span>emed insu<span class=\"_ _2b\"></span>fficient or lackin<span class=\"_ _2b\"></span>g altogether due to t<span class=\"_ _0\"></span>he specif<span class=\"_ _0\"></span>ic</div>\n<div class=\"t m0 x1a h4f y1353 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">nature of<span class=\"_ _0\"></span> the cla<span class=\"_ _2b\"></span>im event</div>\n<div class=\"t m0 x2b2 h9f y1354 ff1a9 fs41 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">5</div>\n<div class=\"t m0 x1e1 h4f y1355 ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">, Ageas draws fro<span class=\"_ _2\"></span>m <span class=\"wsfa\">reliable (external<span class=\"_ _2\"></span> or other) </span></div>\n<div class=\"t m0 x1a h4f y1356 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">sources<span class=\"_ _0\"></span> and ass<span class=\"_ _2b\"></span>essments whil<span class=\"_ _0\"></span>e respec<span class=\"_ _0\"></span>ting its<span class=\"_ _0\"></span> Risk p<span class=\"_ _0\"></span>osition.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1357 ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1358 ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">To mitigate the c<span class=\"_ _2\"></span>laims risk, Ageas and its subs<span class=\"_ _2\"></span>idiaries<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">adopt acc<span class=\"_ _0\"></span>eptanc<span class=\"_ _2b\"></span>e </span></span></div>\n<div class=\"t m0 x1a h4f y1359 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rules and u<span class=\"_ _0\"></span>nderwrit<span class=\"_ _2b\"></span>ing policies. The p<span class=\"_ _0\"></span>ricing is<span class=\"_ _0\"></span> defined by c<span class=\"_ _0\"></span>lient seg<span class=\"_ _0\"></span>ment</div>\n<div class=\"t m0 x1a h4f y135a ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and class of<span class=\"_ _0\"></span> business<span class=\"_ _0\"></span> based on kn<span class=\"_ _0\"></span>owledge o<span class=\"_ _0\"></span>r expectat<span class=\"_ _2b\"></span>ions of future</div>\n<div class=\"t m0 x1a h4f y135b ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">movements in claim<span class=\"_ _2\"></span>s frequency and severity<span class=\"_ _2\"></span>. <span class=\"lse0 wsfa\">Ag<span class=\"_ _2b\"></span>eas and its subs<span class=\"_ _0\"></span>idiari<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y135c ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">also benef<span class=\"_ _2b\"></span>it from diversific<span class=\"_ _2b\"></span>ation effects by en<span class=\"_ _0\"></span>gagin<span class=\"_ _0\"></span>g in a wide range of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y135d ff1a6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life<span class=\"_ _2\"></span> insurance classes a<span class=\"_ _2\"></span>nd geographies. Th<span class=\"_ _2\"></span>is does not reduc<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y135e ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">averag<span class=\"_ _0\"></span>e claims, <span class=\"_ _2b\"></span>although it d<span class=\"_ _0\"></span>oes signi<span class=\"_ _2b\"></span>ficantly reduc<span class=\"_ _2b\"></span>e the variation i<span class=\"_ _2b\"></span>n the</div>\n<div class=\"t m0 x1a h4f y135f ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">total clai<span class=\"_ _2b\"></span>ms book and therefo<span class=\"_ _0\"></span>re the risk.<span class=\"_ _0\"></span> The risk of unex<span class=\"_ _2b\"></span>pectedly large</div>\n<div class=\"t m0 x1a h4f y1360 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">claims is c<span class=\"_ _0\"></span>ontaine<span class=\"_ _0\"></span>d by policy li<span class=\"_ _2b\"></span>mits, concentrat<span class=\"_ _0\"></span>ion risk m<span class=\"_ _0\"></span>anageme<span class=\"_ _2b\"></span>nt and</div>\n<div class=\"t m0 x1a h4f y1361 ff1a6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ance.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1362 ff1a6 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">C.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lsfd ws120\">CATASTROPHE RISK</span> </span></div>\n<div class=\"t m0 x1a h4f y1363 ff1a6 fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">Ca<span class=\"lse0 wsfa\">tastr<span class=\"_ _0\"></span>ophe risk<span class=\"_ _2b\"></span> is related to c<span class=\"_ _0\"></span>laims g<span class=\"_ _2b\"></span>enerated by cat<span class=\"_ _2b\"></span>astrophic eve<span class=\"_ _0\"></span>nts, </span></div>\n<div class=\"t m0 x1a h4f y1364 ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">natural disast<span class=\"_ _2\"></span>ers such as storms, floods, ear<span class=\"_ _2\"></span>thquakes, freezes, tsunami<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y1365 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or man<span class=\"ls0 ws0\">-</span>made ev<span class=\"_ _0\"></span>ents such as t<span class=\"_ _0\"></span>errorist<span class=\"_ _2b\"></span> attacks, explos<span class=\"_ _0\"></span>ions or cas<span class=\"_ _0\"></span>ualty</div>\n<div class=\"t m0 x1a h4f y1366 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">claims wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>a lot of<span class=\"_ _0\"></span> victims i<span class=\"_ _0\"></span>nvolved or w<span class=\"_ _0\"></span>it<span class=\"lse1 ws11d\">h collateral impacts such as </span></div>\n<div class=\"t m0 x1a h4f y1367 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">polluti<span class=\"_ _2b\"></span>on or business i<span class=\"_ _0\"></span>nterrupt<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1368 ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1369 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The miti<span class=\"_ _0\"></span>gation <span class=\"_ _0\"></span>of the c<span class=\"_ _0\"></span>atastro<span class=\"_ _2b\"></span>phe risk is don<span class=\"_ _0\"></span>e via c<span class=\"_ _0\"></span>oncentrat<span class=\"_ _2b\"></span>ion risk</div>\n<div class=\"t m0 x1a h4f y136a ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">management an<span class=\"_ _2\"></span>d reinsurance. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y136b ff1a6 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">D.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lse2 wsfa\">LAPSE RISK</span> </span></div>\n<div class=\"t m0 x1a h4f y136c ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Lapse ri<span class=\"_ _0\"></span>sk is re<span class=\"_ _0\"></span>lated t<span class=\"_ _0\"></span>o future p<span class=\"_ _2b\"></span>remiums includ<span class=\"_ _2b\"></span>ed in the premi<span class=\"_ _2b\"></span>um</div>\n<div class=\"t m0 x1a h4f y136d ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provisi<span class=\"_ _0\"></span>on wh<span class=\"lse2 ws103\">ere an expected profit is<span class=\"_ _2\"></span> foreseen. Lapse risk is the ri<span class=\"_ _2\"></span>sk that </span></div>\n<div class=\"t m0 x1a h4f y136e ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">more laps<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>wil<span class=\"_ _0\"></span>l occur tha<span class=\"_ _0\"></span>n the expect<span class=\"_ _2b\"></span>ed ones, generat<span class=\"_ _0\"></span>ing less pr<span class=\"_ _0\"></span>ofit</div>\n<div class=\"t m0 x1a h4f y136f ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">than foreseen.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1370 ff1a9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"_ _20e\"> </span><span class=\"ff1a6\"> </span></div>\n<div class=\"t m0 x2c h4f y1371 ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h5c y74b ff1a8 fs3f fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">5  <span class=\"_ _c2\"> </span><span class=\"lsf1 ws107\">E.<span class=\"_ _2\"></span>g. ENID (Events not in data<span class=\"_ _0\"></span>) events.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 118px; height: 988px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 118px; height: 988px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1aa fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">E.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span><span class=\"lsfa ws136\">MANAGEME<span class=\"_ _2\"></span>NT OF NON</span>-<span class=\"lsfd ws120\">L<span class=\"_ _2\"></span>IFE RISKS AT AGEAS </span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The management<span class=\"_ _2\"></span> of Non<span class=\"ls0 ws0\">-<span class=\"lse1 ws11d\">life risk </span></span>at Ageas follows<span class=\"_ _2\"></span> underwriting and risk<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y804 ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">taking mana<span class=\"_ _2\"></span>gement instructions<span class=\"_ _2\"></span> and guidance is<span class=\"_ _2\"></span>sued at each Non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls106 ws124\">life </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">entity of t<span class=\"_ _0\"></span>he Group. Th<span class=\"_ _0\"></span>is includ<span class=\"_ _0\"></span>es, amongs<span class=\"_ _0\"></span>t other th<span class=\"_ _0\"></span>ings, risk<span class=\"_ _0\"></span> accepta<span class=\"_ _0\"></span>nce</div>\n<div class=\"t m0 x7 h4f y806 ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">rules, claim<span class=\"_ _2\"></span>s guidance, reins<span class=\"_ _2\"></span>urance taking ac<span class=\"_ _2\"></span>tivity and management.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 ff1aa fs3a fc14 sc0 lsfd ws120\" style=\"z-index: 15;\">At Gro<span class=\"lse0 wsf0\">up level a number of<span class=\"_ _0\"></span> reporti<span class=\"_ _2b\"></span>ng schemes relat<span class=\"_ _0\"></span>ed to the abov<span class=\"_ _0\"></span>e are </span></div>\n<div class=\"t m0 x7 h4f y809 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in place e.<span class=\"_ _0\"></span>g. KPI report<span class=\"_ _0\"></span>s and ade<span class=\"_ _0\"></span>quacy test<span class=\"_ _0\"></span>ing both on c<span class=\"_ _0\"></span>laims<span class=\"ls0 ws0\">- <span class=\"lse2 wsf1\">and </span></span></div>\n<div class=\"t m0 x7 h4f y80a ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">premium reserv<span class=\"_ _2\"></span>es. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In addition<span class=\"_ _2\"></span>, an internal mode<span class=\"_ _2\"></span>l has been bui<span class=\"_ _2\"></span>lt in order to be<span class=\"_ _2\"></span>tter manage</div>\n<div class=\"t m0 x7 h4f y80d ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life underwrit<span class=\"_ _0\"></span>ing risks of<span class=\"_ _0\"></span> the entiti<span class=\"_ _0\"></span>es and of the gr<span class=\"_ _2b\"></span>oup, The </span></span></div>\n<div class=\"t m0 x7 h4f y80e ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">model is us<span class=\"_ _0\"></span>ed to find the opt<span class=\"_ _2b\"></span>imal reinsura<span class=\"_ _0\"></span>nce prog<span class=\"_ _0\"></span>rams to miti<span class=\"_ _0\"></span>gate the</div>\n<div class=\"t m0 x7 h4f y80f ff1aa fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-</span><span class=\"ws103\">life<span class=\"_ _2\"></span> risks of the entities but also<span class=\"_ _2\"></span> to <span class=\"lse0 wsf0\">avoi<span class=\"_ _0\"></span>d risk conc<span class=\"_ _0\"></span>entrati<span class=\"_ _2b\"></span>on across </span></span></div>\n<div class=\"t m0 x7 h4f y810 ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the Group<span class=\"_ _2\"></span>. Weather<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">related cl<span class=\"_ _0\"></span>aims is a typic<span class=\"_ _0\"></span>al exampl<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>con<span class=\"_ _2b\"></span>centration </span></span></div>\n<div class=\"t m0 x7 h4f y90a ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of risks<span class=\"_ _0\"></span> for the g<span class=\"_ _2b\"></span>roup. Climate c<span class=\"_ _2b\"></span>hange has a part<span class=\"_ _2b\"></span>icular focus i<span class=\"_ _2b\"></span>n this</div>\n<div class=\"t m0 x7 h4f y90b ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">context. For<span class=\"_ _2\"></span> the modelling o<span class=\"_ _2\"></span>f natural events, <span class=\"_ _2\"></span>external models are<span class=\"_ _2\"></span> used.</div>\n<div class=\"t m0 x7 h4f y90c ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas ensure<span class=\"_ _2\"></span>s a permanent foll<span class=\"_ _2\"></span>ow<span class=\"ls0 ws0\">-</span><span class=\"lse0\">up of t<span class=\"_ _0\"></span>he implic<span class=\"_ _0\"></span>ation of<span class=\"_ _0\"></span> climat<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x1a h4f y1372 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">change on th<span class=\"_ _2b\"></span>ose models and a perma<span class=\"_ _0\"></span>nent disc<span class=\"_ _2b\"></span>ussion takes plac<span class=\"_ _0\"></span>e with</div>\n<div class=\"t m0 x1a h4f y1373 ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the providers of<span class=\"_ _2\"></span> the models.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y814 ff1aa fs3a fc1f sc0 lsf3 ws11c\" style=\"z-index: 15;\">F.<span class=\"ls0 ws0\"> <span class=\"_ _a\"> </span></span><span class=\"ls107\">LOSS RA<span class=\"_ _0\"></span>TIOS<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y815 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A loss rat<span class=\"_ _2b\"></span>io is the sing<span class=\"_ _0\"></span>le measu<span class=\"_ _2b\"></span>re used for asses<span class=\"_ _2b\"></span>sing the</div>\n<div class=\"t m0 x1a h4f y816 ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">appropriatenes<span class=\"_ _2\"></span>s of the part of <span class=\"lse0 wsfa\">premium r<span class=\"_ _2b\"></span>ates marketed t<span class=\"_ _2b\"></span>o cover </span></div>\n<div class=\"t m0 x1a h4f y817 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce clai<span class=\"_ _0\"></span>ms. It is <span class=\"_ _0\"></span>defined <span class=\"_ _2b\"></span>as the ratio of t<span class=\"_ _2b\"></span>otal claim cost<span class=\"_ _0\"></span> (estim<span class=\"_ _0\"></span>ated)</div>\n<div class=\"t m0 x1a h4f y818 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">divided by<span class=\"_ _0\"></span> premium<span class=\"_ _0\"></span>s earned. C<span class=\"_ _0\"></span>ombined r<span class=\"_ _2b\"></span>atio is the sum of loss rati<span class=\"_ _2b\"></span>o and</div>\n<div class=\"t m0 x1a h4f y819 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expense r<span class=\"_ _2b\"></span>atio (including co<span class=\"_ _2b\"></span>mmissions).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y81a ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y81b ff1aa fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Generally <span class=\"_ _2\"></span><span class=\"lse0 wsef\">spe<span class=\"_ _0\"></span>aking,<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">on<span class=\"_ _0\"></span>e may expect<span class=\"_ _0\"></span> to experie<span class=\"_ _2b\"></span>nce a combined rati<span class=\"_ _2b\"></span>o </span></span></div>\n<div class=\"t m0 x1a h4f y81c ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">below 100 p<span class=\"_ _0\"></span>ercent<span class=\"lsfc ws115\">. </span><span class=\"wsfa\">For re<span class=\"_ _2b\"></span>asons of intr<span class=\"_ _0\"></span>insic va<span class=\"_ _0\"></span>riabili<span class=\"_ _0\"></span>ty of the <span class=\"_ _2b\"></span>claims </span></div>\n<div class=\"t m0 x1a h4f y81d ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">process<span class=\"_ _0\"></span> and/or <span class=\"_ _0\"></span>premium <span class=\"_ _0\"></span>ineffic<span class=\"_ _0\"></span>iency o<span class=\"_ _0\"></span>ne might f<span class=\"_ _2b\"></span>rom time to tim<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y81e ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">observe a c<span class=\"_ _0\"></span>ombine<span class=\"_ _0\"></span>d ratio abov<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>100 pe<span class=\"_ _0\"></span>rcent. T<span class=\"_ _0\"></span>he latter sit<span class=\"_ _2b\"></span>uation is</div>\n<div class=\"t m0 x1a h4f y1374 ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">tackled in <span class=\"_ _2\"></span>the manageme<span class=\"lse0\">nt of the No<span class=\"_ _2b\"></span>n<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf0\">life ri<span class=\"_ _0\"></span>sks (see po<span class=\"_ _2b\"></span>int E. above). <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y1375 ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1376 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The com<span class=\"_ _0\"></span>bined rat<span class=\"_ _2b\"></span>io and loss rat<span class=\"_ _2b\"></span>io can be found <span class=\"_ _0\"></span>in the n<span class=\"_ _0\"></span>ote 8 Se<span class=\"_ _0\"></span>gment</div>\n<div class=\"t m0 x1a h4f y1377 ff1aa fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reporting.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1378 ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1379 ff1aa fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">G.<span class=\"ls0 ws0\"> <span class=\"_ _c2\"> </span></span><span class=\"ws120\">SENSITIVI<span class=\"_ _0\"></span>TIES O<span class=\"_ _0\"></span>N TECHN<span class=\"_ _0\"></span>ICAL <span class=\"_ _0\"></span>PROVI<span class=\"_ _2b\"></span>SIONS<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y137a ff1aa fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life sensitiv<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span> shown in the tab<span class=\"_ _0\"></span>le below as<span class=\"_ _0\"></span>sume<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">the impact on the pre</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">taxation result <span class=\"_ _2\"></span>considering a decreas<span class=\"_ _2\"></span>e in expenses, <span class=\"_ _2\"></span>as included in <span class=\"_ _2\"></span>the </span></span></span></span></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y137b ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement, of 1<span class=\"_ _2b\"></span>0%, and an increase in cl<span class=\"_ _2b\"></span>aims cost, as inclu<span class=\"_ _0\"></span>ded in the cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed income st<span class=\"_ _2b\"></span>atement, of 5<span class=\"ls13b ws136\">%.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y638 ff1aa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 704px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1aa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 689px; z-index: 15;\">Sensitivities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y603 ff1aa fs3c fc1f sc0 lsef ws10a\" style=\"left: 584px; bottom: 718px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">on</span> </span></div>\n<div class=\"t m0 x2b3 h52 y638 ff1aa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 542px; bottom: 704px; z-index: 15;\">pre<span class=\"ls0 ws0\">-</span>taxation<span class=\"ls0 ws0\"> <span class=\"lsef ws10a\">res<span class=\"_ _2\"></span>ult</span> <span class=\"lsec wsfe\">at<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff1aa fs3c fc1f sc0 lse4 wsf3\" style=\"left: 548px; bottom: 689px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y603 ff1aa fs3c fc1f sc0 lsef ws10a\" style=\"left: 756px; bottom: 718px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">on</span> </span></div>\n<div class=\"t m0 x2b3 h52 y638 ff1aa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 714px; bottom: 704px; z-index: 15;\">pre<span class=\"ls0 ws0\">-</span>taxation<span class=\"ls0 ws0\"> <span class=\"lsef ws10a\">res<span class=\"_ _2\"></span>ult</span> <span class=\"lsec wsfe\">at<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff1aa fs3c fc1f sc0 lse4 wsf3\" style=\"left: 720px; bottom: 689px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1aa fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 673px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1aa fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 673px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1aa fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 673px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1aa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 658px; z-index: 15;\">Expenses <span class=\"ls0 ws0\">-</span>10%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff1aa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 658px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff1aa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 658px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1aa fs3c fc14 sc0 lse5 ws10a\" style=\"left: 69px; bottom: 643px; z-index: 15;\">Claims costs 5<span class=\"_ _0\"></span>%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff1aa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 643px; z-index: 15;\">(132)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff1aa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 643px; z-index: 15;\">(126)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1383 ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1384 ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1385 ff1aa fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">H.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lse2 wsfa\">LOSS RESERVE TABLES<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x7 h4f y1386 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The reserv<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>or claims and c<span class=\"_ _0\"></span>laim <span class=\"wsfa\">expe<span class=\"_ _2b\"></span>nses that appe<span class=\"_ _2b\"></span>ar in the </span></div>\n<div class=\"t m0 x7 h4f y1387 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition are a<span class=\"_ _0\"></span>nalysed by t<span class=\"_ _0\"></span>he actuar<span class=\"_ _0\"></span>ies and cla<span class=\"_ _0\"></span>ims</div>\n<div class=\"t m0 x7 h4f y1388 ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">management de<span class=\"_ _2\"></span>partments by acci<span class=\"_ _2\"></span>dent year. Payments <span class=\"_ _2\"></span>and loss</div>\n<div class=\"t m0 x7 h4f y1389 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reserves<span class=\"_ _0\"></span> are th<span class=\"_ _0\"></span>erefore <span class=\"_ _0\"></span>repres<span class=\"_ _0\"></span>ented in <span class=\"_ _0\"></span>a two tim<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf0\">relat<span class=\"_ _2b\"></span>ed dimension </span></div>\n<div class=\"t m0 x7 h4f y138a ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">table: <span class=\"_ _0\"></span>accident<span class=\"_ _0\"></span> year (ye<span class=\"_ _2b\"></span>ar of<span class=\"ls0 ws0\"> </span>loss occurre<span class=\"_ _2b\"></span>nce, in the col<span class=\"_ _0\"></span>umns) a<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x7 h4f y138b ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">calenda<span class=\"_ _0\"></span>r year (<span class=\"_ _0\"></span>or devel<span class=\"_ _0\"></span>opment y<span class=\"_ _2b\"></span>ear, in the rows<span class=\"_ _2b\"></span>). This so<span class=\"ls0 ws0\">-</span><span class=\"lse2\">called run<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">off </span></span></span></div>\n<div class=\"t m0 x7 h4f y138c ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">triangl<span class=\"_ _2b\"></span>e shows how los<span class=\"_ _0\"></span>s reserv<span class=\"_ _2b\"></span>e develops ove<span class=\"_ _0\"></span>r time du<span class=\"_ _2b\"></span>e to payments</div>\n<div class=\"t m0 x7 h4f y138d ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">made an<span class=\"_ _0\"></span>d new esti<span class=\"_ _2b\"></span>mates of the ult<span class=\"_ _0\"></span>imate l<span class=\"_ _2b\"></span>oss at the resp<span class=\"_ _2b\"></span>ective date of</div>\n<div class=\"t m0 x7 h4f y138e ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the stat<span class=\"lse0 wsf0\">ement of financ<span class=\"_ _0\"></span>ial posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y138f ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1390 ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">All claims conc<span class=\"_ _2\"></span>erned are resulting from insu<span class=\"_ _2\"></span>rance contracts as defined</div>\n<div class=\"t m0 x1a h4f y1391 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by IFRS, inc<span class=\"_ _2b\"></span>luding all accide<span class=\"_ _0\"></span>nt &amp; health, pr<span class=\"_ _2b\"></span>operty and casualty<span class=\"_ _0\"></span> contrac<span class=\"_ _0\"></span>ts</div>\n<div class=\"t m0 x1a h4f y1392 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">whose re<span class=\"_ _0\"></span>serves c<span class=\"_ _2b\"></span>an be reported <span class=\"_ _0\"></span>in a tria<span class=\"_ _2b\"></span>ngular format.<span class=\"_ _0\"></span> All mat<span class=\"_ _0\"></span>erial</div>\n<div class=\"t m0 x1a h4f y1393 ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">figures quote<span class=\"lse0 wsf0\">d are undiscount<span class=\"_ _2b\"></span>ed. Claim reserv<span class=\"_ _0\"></span>es that are he<span class=\"_ _0\"></span>ld on a </span></div>\n<div class=\"t m0 x1a h4f y1394 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed basis with s<span class=\"_ _0\"></span>imilar t<span class=\"_ _2b\"></span>o life techniq<span class=\"_ _2b\"></span>ues (e.g. perm<span class=\"_ _0\"></span>anent d<span class=\"_ _0\"></span>isabilit<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x1a h4f y1395 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or death an<span class=\"_ _0\"></span>nuities de<span class=\"_ _0\"></span>riving f<span class=\"_ _0\"></span>rom lines suc<span class=\"_ _2b\"></span>h as Workmen\u2019s Com<span class=\"_ _2b\"></span>pensation</div>\n<div class=\"t m0 x1a h4f y1396 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or Motor Lia<span class=\"_ _2b\"></span>bility) are inclu<span class=\"_ _0\"></span>ded in the rec<span class=\"_ _2b\"></span>onciliation l<span class=\"ls102 ws11d\">ines.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1397 ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1398 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">All amo<span class=\"_ _0\"></span>unts in t<span class=\"_ _0\"></span>he tabl<span class=\"_ _0\"></span>e are cal<span class=\"_ _2b\"></span>culated at the <span class=\"_ _0\"></span>applic<span class=\"_ _0\"></span>able exch<span class=\"_ _2b\"></span>ange rates</div>\n<div class=\"t m0 x1a h4f y1399 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at year<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">end 2022. </span> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 431px; height: 675px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 431px; height: 675px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The loss<span class=\"_ _0\"></span> reserv<span class=\"_ _2b\"></span>e development ta<span class=\"_ _2b\"></span>ble per accid<span class=\"_ _0\"></span>ent year i<span class=\"_ _2b\"></span>s as follows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1065px; z-index: 15;\">Accident Year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 1065px; z-index: 15;\">2013<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 383px; bottom: 1065px; z-index: 15;\">2014<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 432px; bottom: 1065px; z-index: 15;\">2015<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 481px; bottom: 1065px; z-index: 15;\">2016<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 531px; bottom: 1065px; z-index: 15;\">2017<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 580px; bottom: 1065px; z-index: 15;\">2018<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 628px; bottom: 1065px; z-index: 15;\">2019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 678px; bottom: 1065px; z-index: 15;\">2020<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 1065px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1065px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 355px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 403px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 452px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 501px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 600px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 648px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 698px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ad fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Payme<span class=\"_ _2\"></span>nts at:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 355px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 403px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 452px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 501px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 600px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 648px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 698px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">N</div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 341px; bottom: 1020px; z-index: 15;\">969<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 1020px; z-index: 15;\">1,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 438px; bottom: 1020px; z-index: 15;\">954<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 1020px; z-index: 15;\">1,179<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 1020px; z-index: 15;\">1,083<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 578px; bottom: 1020px; z-index: 15;\">1,084<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 1020px; z-index: 15;\">1,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 1020px; z-index: 15;\">1,024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 725px; bottom: 1020px; z-index: 15;\">1,253<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1020px; z-index: 15;\">1,479<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">N + 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 341px; bottom: 1005px; z-index: 15;\">482<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 1005px; z-index: 15;\">472<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 438px; bottom: 1005px; z-index: 15;\">477<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 1005px; z-index: 15;\">465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 537px; bottom: 1005px; z-index: 15;\">475<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 586px; bottom: 1005px; z-index: 15;\">485<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 634px; bottom: 1005px; z-index: 15;\">447<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 684px; bottom: 1005px; z-index: 15;\">400<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 1005px; z-index: 15;\">562<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 990px; z-index: 15;\">N + 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 341px; bottom: 990px; z-index: 15;\">109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 990px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 438px; bottom: 990px; z-index: 15;\">127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 990px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 537px; bottom: 990px; z-index: 15;\">112<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 586px; bottom: 990px; z-index: 15;\">122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 634px; bottom: 990px; z-index: 15;\">122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 684px; bottom: 990px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 975px; z-index: 15;\">N + 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 345px; bottom: 975px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 975px; z-index: 15;\">78<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 442px; bottom: 975px; z-index: 15;\">96<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 975px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 541px; bottom: 975px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 975px; z-index: 15;\">79<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 975px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 960px; z-index: 15;\">N + 4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 345px; bottom: 960px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 960px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 442px; bottom: 960px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 960px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 541px; bottom: 960px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 960px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 945px; z-index: 15;\">N + 5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 345px; bottom: 945px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 945px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 442px; bottom: 945px; z-index: 15;\">45<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 945px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 541px; bottom: 945px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 931px; z-index: 15;\">N + 6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f9 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 345px; bottom: 931px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f9 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 931px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f9 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 442px; bottom: 931px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f9 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 931px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 916px; z-index: 15;\">N + 7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 345px; bottom: 916px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 398px; bottom: 916px; z-index: 15;\">4</div>\n<div class=\"t m0 x11c h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 447px; bottom: 916px; z-index: 15;\">9</div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 901px; z-index: 15;\">N + 8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 901px; z-index: 15;\">8</div>\n<div class=\"t m0 x19f h52 y656 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 901px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 886px; z-index: 15;\">N + 9<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 886px; z-index: 15;\">9</div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Cost of claims: (Cumulative Payments +<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 355px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 403px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 452px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 501px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 600px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 648px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 698px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 842px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">Outstanding claims reserves)</span> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 355px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 403px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 452px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 501px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 600px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 648px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 698px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 827px; z-index: 15;\">N</div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 827px; z-index: 15;\">2,021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 827px; z-index: 15;\">2,090<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 827px; z-index: 15;\">1,966<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 827px; z-index: 15;\">2,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 827px; z-index: 15;\">2,146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 578px; bottom: 827px; z-index: 15;\">2,121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 827px; z-index: 15;\">2,169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 827px; z-index: 15;\">1,990<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 725px; bottom: 827px; z-index: 15;\">2,379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 827px; z-index: 15;\">2,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 812px; z-index: 15;\">N + 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 812px; z-index: 15;\">1,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 812px; z-index: 15;\">2,054<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 812px; z-index: 15;\">1,955<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 812px; z-index: 15;\">2,387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 812px; z-index: 15;\">2,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 578px; bottom: 812px; z-index: 15;\">2,166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 812px; z-index: 15;\">2,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 812px; z-index: 15;\">1,936<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 725px; bottom: 812px; z-index: 15;\">2,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 797px; z-index: 15;\">N + 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 797px; z-index: 15;\">1,896<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 797px; z-index: 15;\">2,061<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 797px; z-index: 15;\">2,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 797px; z-index: 15;\">2,290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 797px; z-index: 15;\">2,105<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 578px; bottom: 797px; z-index: 15;\">2,137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 797px; z-index: 15;\">2,147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 797px; z-index: 15;\">1,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 782px; z-index: 15;\">N + 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 782px; z-index: 15;\">1,882<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 782px; z-index: 15;\">2,075<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 782px; z-index: 15;\">1,948<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 782px; z-index: 15;\">2,183<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 782px; z-index: 15;\">2,048<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 578px; bottom: 782px; z-index: 15;\">2,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 782px; z-index: 15;\">2,100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 767px; z-index: 15;\">N + 4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 767px; z-index: 15;\">1,915<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 767px; z-index: 15;\">2,038<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 767px; z-index: 15;\">1,900<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 767px; z-index: 15;\">2,169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 767px; z-index: 15;\">2,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 578px; bottom: 767px; z-index: 15;\">2,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 752px; z-index: 15;\">N + 5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 752px; z-index: 15;\">1,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 752px; z-index: 15;\">1,997<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 752px; z-index: 15;\">1,906<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 752px; z-index: 15;\">2,145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 752px; z-index: 15;\">1,994<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 738px; z-index: 15;\">N + 6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 738px; z-index: 15;\">1,874<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 738px; z-index: 15;\">1,988<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 738px; z-index: 15;\">1,903<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 738px; z-index: 15;\">2,135<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 723px; z-index: 15;\">N + 7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 723px; z-index: 15;\">1,866<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 723px; z-index: 15;\">1,963<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 723px; z-index: 15;\">1,893<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 708px; z-index: 15;\">N + 8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 708px; z-index: 15;\">1,861<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 708px; z-index: 15;\">1,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 693px; z-index: 15;\">N + 9<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 693px; z-index: 15;\">1,833<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 663px; z-index: 15;\">Ultimate loss, estimated at <span class=\"_ _0\"></span>initial date<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 333px; bottom: 663px; z-index: 15;\">2,021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 381px; bottom: 663px; z-index: 15;\">2,090<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 430px; bottom: 663px; z-index: 15;\">1,966<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 663px; z-index: 15;\">2,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 663px; z-index: 15;\">2,146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 578px; bottom: 663px; z-index: 15;\">2,121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 626px; bottom: 663px; z-index: 15;\">2,169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 676px; bottom: 663px; z-index: 15;\">1,990<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 725px; bottom: 663px; z-index: 15;\">2,379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 663px; z-index: 15;\">2,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1ad fs3c fc1f sc0 lsec ws100\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Ultim<span class=\"_ _2\"></span>ate loss<span class=\"_ _2\"></span>, estimat<span class=\"_ _2\"></span>ed at prior<span class=\"_ _2\"></span> year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 333px; bottom: 648px; z-index: 15;\">1,861<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 381px; bottom: 648px; z-index: 15;\">1,963<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 430px; bottom: 648px; z-index: 15;\">1,903<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 648px; z-index: 15;\">2,145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 648px; z-index: 15;\">2,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 578px; bottom: 648px; z-index: 15;\">2,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 626px; bottom: 648px; z-index: 15;\">2,147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 676px; bottom: 648px; z-index: 15;\">1,936<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 725px; bottom: 648px; z-index: 15;\">2,379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1ad fs3c fc1f sc0 lsec ws100\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Ultim<span class=\"_ _2\"></span>ate loss<span class=\"_ _2\"></span>, estimat<span class=\"_ _2\"></span>ed at curr<span class=\"_ _2\"></span>ent year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 333px; bottom: 634px; z-index: 15;\">1,833<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 381px; bottom: 634px; z-index: 15;\">1,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 430px; bottom: 634px; z-index: 15;\">1,893<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 634px; z-index: 15;\">2,135<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 634px; z-index: 15;\">1,994<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 578px; bottom: 634px; z-index: 15;\">2,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 626px; bottom: 634px; z-index: 15;\">2,100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 676px; bottom: 634px; z-index: 15;\">1,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 725px; bottom: 634px; z-index: 15;\">2,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 634px; z-index: 15;\">2,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1ad fs3c fc1f sc0 lsec ws100\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Surp<span class=\"_ _2\"></span>lus (defi<span class=\"_ _2\"></span>ciency)<span class=\"_ _2\"></span> current y<span class=\"_ _2\"></span>ear <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 341px; bottom: 603px; z-index: 15;\">188<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 389px; bottom: 603px; z-index: 15;\">115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 442px; bottom: 603px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 603px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 537px; bottom: 603px; z-index: 15;\">152<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 586px; bottom: 603px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 638px; bottom: 603px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 688px; bottom: 603px; z-index: 15;\">89<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 731px; bottom: 603px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> <span class=\"_ _8\"> </span>v<span class=\"lse4 wsf3\">s initial accident year</span> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\">  </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 355px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 403px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 452px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 501px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 600px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 648px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 698px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 573px; z-index: 15;\">Surplus (deficiency) current yea<span class=\"_ _0\"></span>r vs prior year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 345px; bottom: 573px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 573px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 442px; bottom: 573px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 573px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 541px; bottom: 573px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 590px; bottom: 573px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 638px; bottom: 573px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 688px; bottom: 573px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 731px; bottom: 573px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Outstanding claims reserves prior to <span class=\"wsf4\">2013<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 543px; z-index: 15;\">523<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 528px; z-index: 15;\">Outstanding claims reserves from 2013 to 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 528px; z-index: 15;\">3,311<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Other claims liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 498px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">(not included in table)</span> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 498px; z-index: 15;\">2,295<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 484px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">Claims with regard to workers' compensation</span> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 469px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">and health care</span> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 469px; z-index: 15;\">1,698<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1ad fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">Total claims reserves in <span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>he statement o<span class=\"_ _2b\"></span>f financial position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 355px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 403px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 452px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 501px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 600px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 648px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 698px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f9 ff1af fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h54 y5f9 ff1af fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 454px; z-index: 15;\">7,827<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13a8 ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13a9 ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13aa ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The loss<span class=\"_ _0\"></span> reserv<span class=\"_ _2b\"></span>e development ta<span class=\"_ _2b\"></span>ble per accid<span class=\"_ _0\"></span>ent year s<span class=\"_ _2b\"></span>hows the</div>\n<div class=\"t m0 x7 h4f y13ab ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ment of t<span class=\"_ _2b\"></span>he ultimate t<span class=\"_ _0\"></span>otal los<span class=\"_ _0\"></span>s (as pay<span class=\"_ _2b\"></span>ments made an<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y13ac ff1ad fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">outstanding cl<span class=\"_ _2\"></span>aims <span class=\"lse0 wsf0\">rese<span class=\"_ _0\"></span>rves) for e<span class=\"_ _0\"></span>ach indiv<span class=\"_ _0\"></span>idual acc<span class=\"_ _2b\"></span>ident year (as </span></div>\n<div class=\"t m0 x7 h4f y13ad ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">indicat<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e column<span class=\"_ _0\"></span>), for e<span class=\"_ _0\"></span>ach devel<span class=\"_ _2b\"></span>opment year (<span class=\"_ _0\"></span>as indicat<span class=\"_ _2b\"></span>ed in the</div>\n<div class=\"t m0 x7 h4f y13ae ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">row) sinc<span class=\"_ _2b\"></span>e the year of <span class=\"_ _0\"></span>occurre<span class=\"_ _0\"></span>nce thr<span class=\"_ _0\"></span>ough to t<span class=\"_ _2b\"></span>he reporting y<span class=\"_ _0\"></span>ear 202<span class=\"ls0 ws0\">2. </span></div>\n<div class=\"t m0 x7 h4f y13af ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13b0 ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tri<span class=\"_ _0\"></span>angle rel<span class=\"_ _0\"></span>ated t<span class=\"_ _0\"></span>o \u2018Payme<span class=\"_ _0\"></span>nts\u2018 re<span class=\"_ _0\"></span>ports<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">the am<span class=\"_ _0\"></span>ount of clai<span class=\"_ _0\"></span>m payment<span class=\"_ _0\"></span>s </span></div>\n<div class=\"t m0 x7 h4f y13b1 ff1ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">net of re<span class=\"_ _2\"></span>coveries, gross of <span class=\"_ _2\"></span>reinsurance.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13b2 ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13b3 ff1ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The secon<span class=\"_ _0\"></span>d triangl<span class=\"_ _0\"></span>e, \u2018Cost of cl<span class=\"_ _0\"></span>aims\u2019, re<span class=\"_ _0\"></span>ports the su<span class=\"_ _2b\"></span>m of cumulative</div>\n<div class=\"t m0 x7 h4f y13b4 ff1ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s and outs<span class=\"_ _0\"></span>tanding cl<span class=\"_ _2b\"></span>aims reserve incl<span class=\"_ _0\"></span>uding IBN<span class=\"_ _2b\"></span>(E)R for each</div>\n<div class=\"t m0 x7 h4f y13b5 ff1ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accident<span class=\"_ _0\"></span> year. This<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>is gross<span class=\"_ _0\"></span> of reins<span class=\"_ _0\"></span>urance. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13b6 ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y13b7 ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse0 wsfa\">he Ultimat<span class=\"_ _0\"></span>e loss li<span class=\"_ _2b\"></span>ne items, esti<span class=\"_ _0\"></span>mated at<span class=\"_ _0\"></span> the initi<span class=\"_ _2b\"></span>al date of occ<span class=\"_ _0\"></span>urrence, </span></div>\n<div class=\"t m0 x1a h4f y13b8 ff1ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at prior rep<span class=\"_ _0\"></span>orting y<span class=\"_ _0\"></span>ear and at curr<span class=\"_ _2b\"></span>ent reporting ye<span class=\"_ _2b\"></span>ar, reflect the fact t<span class=\"_ _0\"></span>hat</div>\n<div class=\"t m0 x1a h4f y13b9 ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the esti<span class=\"_ _2b\"></span>mate fluctuate<span class=\"_ _0\"></span>s with th<span class=\"_ _2b\"></span>e knowledge an<span class=\"_ _2b\"></span>d information <span class=\"_ _0\"></span>gaine<span class=\"_ _0\"></span>d on</div>\n<div class=\"t m0 x1a h4f y13ba ff1ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the claim<span class=\"_ _2\"></span>s. The longer the<span class=\"_ _2\"></span> period of<span class=\"ls0 ws0\"> </span><span class=\"lse0\">development<span class=\"_ _0\"></span> of the c<span class=\"_ _0\"></span>laims, t<span class=\"_ _2b\"></span>he more </span></div>\n<div class=\"t m0 x1a h4f y13bb ff1ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accurat<span class=\"_ _0\"></span>e is the esti<span class=\"_ _0\"></span>mate of the ult<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>e loss.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13bc ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y13bd ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The amo<span class=\"_ _0\"></span>unt of tot<span class=\"_ _2b\"></span>al claims res<span class=\"_ _0\"></span>erves in<span class=\"_ _2b\"></span> the statement <span class=\"_ _0\"></span>of fina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>osition</div>\n<div class=\"t m0 x1a h4f y13be ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">is furth<span class=\"_ _2b\"></span>er disclosed in <span class=\"_ _0\"></span>sectio<span class=\"_ _0\"></span>n 19.4 Li<span class=\"_ _2b\"></span>abilities aris<span class=\"_ _2b\"></span>ing from Non<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">life </span></span></div>\n<div class=\"t m0 x1a h4f y13bf ff1ad fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">insurance <span class=\"_ _2\"></span><span class=\"lse1 wsf0\">contract<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 207px; height: 899px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 207px; height: 899px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ff1b3 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.2.3<span class=\"ls0 ws0\"> <span class=\"_ _211\"> </span><span class=\"ls102 ws115\">Health R<span class=\"_ _2\"></span>isk</span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Health und<span class=\"_ _2b\"></span>erwriting risk r<span class=\"_ _0\"></span>eflects<span class=\"_ _0\"></span> the risk arisi<span class=\"_ _2b\"></span>ng from the underwrit<span class=\"_ _2b\"></span>ing of</div>\n<div class=\"t m0 x7 h4f y804 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">health ins<span class=\"_ _2b\"></span>urance obligat<span class=\"_ _0\"></span>ions, whe<span class=\"_ _0\"></span>ther it is p<span class=\"_ _0\"></span>ursued on a sim<span class=\"_ _2b\"></span>ilar technical</div>\n<div class=\"t m0 x7 h4f y805 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">basis to t<span class=\"_ _2b\"></span>hat of life insu<span class=\"_ _2b\"></span>rance or not, f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g from bo<span class=\"_ _0\"></span>th the p<span class=\"_ _0\"></span>erils</div>\n<div class=\"t m0 x7 h4f y806 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">covered a<span class=\"_ _2b\"></span>nd <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e process<span class=\"_ _0\"></span>es used in th<span class=\"_ _0\"></span>e conduct of bu<span class=\"_ _2b\"></span>siness. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ff1b1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The com<span class=\"_ _0\"></span>ponents <span class=\"_ _0\"></span>of healt<span class=\"_ _0\"></span>h insur<span class=\"_ _0\"></span>ance ri<span class=\"_ _0\"></span>sk are to <span class=\"_ _0\"></span>split d<span class=\"_ _0\"></span>epending <span class=\"_ _0\"></span>on the</div>\n<div class=\"t m0 x7 h4f y809 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">type of <span class=\"_ _2\"></span>liabilities: if si<span class=\"_ _2\"></span>milar to life ri<span class=\"_ _2\"></span>sk or modelled b<span class=\"_ _2\"></span>ased on similar</div>\n<div class=\"t m0 x7 h4f y80a ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">techni<span class=\"_ _0\"></span>ques as for <span class=\"ls102 ws129\">life liabilitie<span class=\"_ _2\"></span>s <span class=\"ls0 ws0\">\u2013 </span></span><span class=\"wsfa\">please r<span class=\"_ _0\"></span>efer to s<span class=\"_ _0\"></span>ectio<span class=\"_ _0\"></span>n 4.7.2.1 <span class=\"_ _0\"></span>Life </span></div>\n<div class=\"t m0 x7 h4f y80b ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">underw<span class=\"_ _0\"></span>riting ris<span class=\"_ _0\"></span>ks. For liab<span class=\"_ _2b\"></span>ilities simila<span class=\"_ _0\"></span>r to Non<span class=\"ls0 ws0\">-</span>life liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es or modell<span class=\"_ _0\"></span>ed</div>\n<div class=\"t m0 x7 h4f y80c ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">on a simi<span class=\"_ _2b\"></span>lar way, please <span class=\"_ _2b\"></span>refer to secti<span class=\"_ _2b\"></span>on 4.7.2.2 No<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-</span><span class=\"lse2\">life un<span class=\"_ _2\"></span>derwriting </span></div>\n<div class=\"t m0 x7 h4f y80d ff1b1 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">risks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y883 ff1b1 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.3<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsfa\">Opera<span class=\"_ _2\"></span>tional risks</span> </span></div>\n<div class=\"t m0 x7 h4f y884 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Operational r<span class=\"_ _2\"></span>isk <span class=\"lse0 wsf0\">is define<span class=\"_ _2b\"></span>d as <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>risk of<span class=\"_ _0\"></span> losses ari<span class=\"_ _0\"></span>sing from i<span class=\"_ _0\"></span>nadequat<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y885 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or failed int<span class=\"_ _2b\"></span>ernal process<span class=\"_ _0\"></span>es, perso<span class=\"_ _0\"></span>nnel, syst<span class=\"_ _0\"></span>ems, or ext<span class=\"_ _0\"></span>ernal ev<span class=\"_ _0\"></span>ents. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y886 ff1b1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8cf ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas view<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>op<span class=\"_ _0\"></span>eration<span class=\"_ _0\"></span>al risk as an \u2018u<span class=\"_ _2b\"></span>mbrella\u2019 risk, enc<span class=\"_ _2b\"></span>ompassing a</div>\n<div class=\"t m0 x7 h4f y8d0 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">number of s<span class=\"_ _0\"></span>ub<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">risks: Emplo<span class=\"_ _2\"></span>yment Practices a<span class=\"_ _2\"></span>nd Workplace Safe<span class=\"lsfc ws115\">ty<span class=\"_ _2\"></span>, </span></span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Execution, <span class=\"_ _2\"></span>Delivery and Proces<span class=\"_ _2\"></span>s Management, Technolog<span class=\"_ _2\"></span>y, Internal</div>\n<div class=\"t m0 x7 h4f y8d2 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fraud, Ext<span class=\"_ _2b\"></span>ernal Fraud, Dam<span class=\"_ _2b\"></span>age to Physical Ass<span class=\"_ _0\"></span>ets (incl<span class=\"_ _0\"></span>uding phys<span class=\"_ _2b\"></span>ical</div>\n<div class=\"t m0 x7 h4f y8d3 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">security), C<span class=\"_ _2\"></span>lients, Products<span class=\"_ _2\"></span> Business &amp; Legal<span class=\"_ _2\"></span> Practice, Conduct,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yb28 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Regulat<span class=\"_ _2b\"></span>ory Compliance, T<span class=\"_ _2b\"></span>hird Party, Statut<span class=\"_ _0\"></span>ory Report<span class=\"_ _2b\"></span>i<span class=\"lse2 wsfa\">ng, <span class=\"_ _2\"></span>Disclosure &amp; </span></div>\n<div class=\"t m0 x7 h4f yb29 ff1b1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Tax, Business Conti<span class=\"_ _2\"></span>nuity, Crisis Managemen<span class=\"_ _2\"></span>t &amp; Operational Resilience<span class=\"_ _2\"></span>,</div>\n<div class=\"t m0 x7 h4f yb2a ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Data Ma<span class=\"_ _0\"></span>nagement<span class=\"_ _0\"></span>, Infor<span class=\"_ _2b\"></span>mation Securi<span class=\"_ _0\"></span>ty (incl<span class=\"_ _0\"></span>uding Cy<span class=\"_ _2b\"></span>ber), and Model</div>\n<div class=\"t m0 x7 h4f yb2b ff1b1 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">risk. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ff1b1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2d ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In order<span class=\"_ _2\"></span> to ensure adequa<span class=\"_ _2\"></span>te management of o<span class=\"_ _2\"></span>perational risks, <span class=\"_ _2\"></span>Ageas</div>\n<div class=\"t m0 x7 h4f y962 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has impl<span class=\"_ _2b\"></span>emented <span class=\"lse2 wsf1\">Group<span class=\"ls0 ws0\">-</span></span><span class=\"wsf0\">wide policie<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>and pr<span class=\"_ _2b\"></span>ocesses, which <span class=\"lsfb wsfa\">covers </span></span></div>\n<div class=\"t m0 x7 h4f y963 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">topics,<span class=\"_ _0\"></span> amongst<span class=\"_ _0\"></span> others,<span class=\"_ _0\"></span> that <span class=\"wsef\">inc<span class=\"_ _2b\"></span>lude: <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y964 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse0 wsf0\">Business Conti<span class=\"_ _2b\"></span>nuity Management<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y965 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse2 wsfa\">F<span class=\"_ _2\"></span>raud Risk Managemen<span class=\"_ _2\"></span>t</span><span class=\"ff1b1\">. </span></span></div>\n<div class=\"t m0 x7 h4f y966 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse0 wsfa\">Information S<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>y<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y967 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse2 wsfa\">D<span class=\"_ _2\"></span>ata Mana<span class=\"wsf1\">gement</span></span><span class=\"ff1b1\">. </span></span></div>\n<div class=\"t m0 x7 h4f y968 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse0 wsef\">Outsourcing</span><span class=\"ff1b1\"> <span class=\"lse0 wsf0\">&amp; Pro<span class=\"_ _0\"></span>curement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y969 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse0 wsfa\">Treat Your Cus<span class=\"_ _0\"></span>tomer F<span class=\"_ _0\"></span>airly<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y96a ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse0 wsfa\">Incident Mana<span class=\"_ _0\"></span>gement<span class=\"_ _0\"></span> and Los<span class=\"_ _0\"></span>s Data <span class=\"_ _0\"></span>Collect<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">.  </span></span></span></div>\n<div class=\"t m0 x7 h4f y96b ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse2 wsfa\">In<span class=\"_ _2\"></span>ternal Control Ade<span class=\"_ _2\"></span>quacy Assessment</span><span class=\"ff1b1\">. </span></span></div>\n<div class=\"t m0 x7 h4f y96c ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse0 wsf0\">Key Risk Identif<span class=\"_ _0\"></span>ication an<span class=\"_ _2b\"></span>d Reporting proc<span class=\"_ _0\"></span>ess.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y96d ff1b1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96e ff1b1 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">oper<span class=\"_ _2b\"></span>ational risk mit<span class=\"_ _0\"></span>igating st<span class=\"_ _0\"></span>rategy is t<span class=\"_ _0\"></span>o minimise <span class=\"lse2 wsf1\">operational </span></span></span></div>\n<div class=\"t m0 x7 h4f y96f ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">failures<span class=\"_ _0\"></span> or dis<span class=\"_ _0\"></span>ruptio<span class=\"_ _0\"></span>n, wheth<span class=\"_ _0\"></span>er caus<span class=\"_ _2b\"></span>ed by internal o<span class=\"_ _0\"></span>r externa<span class=\"_ _0\"></span>l factor<span class=\"_ _2b\"></span>s</div>\n<div class=\"t m0 x7 h4f y970 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">which may<span class=\"_ _2\"></span> damage our reputation<span class=\"_ _2\"></span> and/or incur <span class=\"_ _2\"></span>financial losses v<span class=\"_ _2\"></span>ia a</div>\n<div class=\"t m0 x7 h4f y971 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">strong a<span class=\"_ _0\"></span>nd robust I<span class=\"_ _0\"></span>nternal Co<span class=\"_ _2b\"></span>ntrol System (ICS<span class=\"_ _0\"></span>). <span class=\"lse2 ws103\">Risk awareness </span></div>\n<div class=\"t m0 x7 h4f y972 ff1b1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">trainin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span><span class=\"wsf0\">and educ<span class=\"_ _2b\"></span>ation initiativ<span class=\"_ _2b\"></span>es are part of Ageas ent<span class=\"_ _2b\"></span>ities\u2019 activit<span class=\"_ _0\"></span>ies </span></div>\n<div class=\"t m0 x7 h4f y973 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">since they<span class=\"_ _0\"></span> are vital to ens<span class=\"_ _2b\"></span>ure that employe<span class=\"_ _0\"></span>es have an ade<span class=\"_ _0\"></span>quate</div>\n<div class=\"t m0 x1a h4f y8d8 ff1b1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">understanding<span class=\"_ _2\"></span> of their roles and responsib<span class=\"_ _2\"></span>ilities towards risk</div>\n<div class=\"t m0 x1a h4f y8d9 ff1b1 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">management.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9bc ff1b1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9bd ff1b1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas applie<span class=\"_ _2\"></span>s the standard formula to calcula<span class=\"_ _2\"></span>te operational risk capit<span class=\"_ _2\"></span>al<span class=\"lsf4 ws10c\">. </span></div>\n<div class=\"t m0 x1a h4f y9be ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas has als<span class=\"_ _2b\"></span>o implemented a <span class=\"lse2 wsf1\">scenario<span class=\"ls0 ws0\">-</span><span class=\"ws103\">based approa<span class=\"_ _2\"></span>ch </span></span>whi<span class=\"_ _0\"></span>ch uses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9bf ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">expert judge<span class=\"_ _2\"></span>ment<span class=\"ls0 ws0\">, </span>internal<span class=\"_ _2\"></span> and external da<span class=\"_ _2\"></span>ta. The estimated <span class=\"_ _2\"></span>frequency</div>\n<div class=\"t m0 x1a h4f y9c0 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and seve<span class=\"_ _2b\"></span>rity are tr<span class=\"wsf0\">ansl<span class=\"_ _0\"></span>ated into th<span class=\"_ _2b\"></span>e most likely pote<span class=\"_ _0\"></span>ntial loss a<span class=\"_ _0\"></span>nd the </span></div>\n<div class=\"t m0 x1a h4f y9c1 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">worst cas<span class=\"_ _0\"></span>e potenti<span class=\"_ _2b\"></span>al loss for each operat<span class=\"_ _2b\"></span>ional risk scenar<span class=\"_ _0\"></span>io. The</div>\n<div class=\"t m0 x1a h4f y97e ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">scenari<span class=\"_ _2b\"></span>o outputs are us<span class=\"_ _0\"></span>ed to det<span class=\"_ _2b\"></span>ermine wheth<span class=\"_ _0\"></span>er or not<span class=\"_ _0\"></span> the<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">operational </span></span></div>\n<div class=\"t m0 x1a h4f y97f ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">risk cap<span class=\"_ _0\"></span>ital bas<span class=\"_ _2b\"></span>ed on standard f<span class=\"_ _2b\"></span>ormula is suffic<span class=\"_ _2b\"></span>ient to cover o<span class=\"_ _0\"></span>ur k<span class=\"lse1 wsf0\">ey </span></div>\n<div class=\"t m0 x1a h4f y980 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">operational r<span class=\"_ _2\"></span>isks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycb4 ff1b1 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.4<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsfa\">Strategic &amp; B<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s risks<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ycb5 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This risk c<span class=\"_ _0\"></span>ategory<span class=\"_ _0\"></span> covers ext<span class=\"_ _2b\"></span>ernal and intern<span class=\"_ _0\"></span>al factors t<span class=\"_ _0\"></span>hat can imp<span class=\"_ _0\"></span>act</div>\n<div class=\"t m0 x1a h4f ycb6 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas\u2019s abil<span class=\"_ _2\"></span>ity to meet it<span class=\"_ _2\"></span>s current business <span class=\"_ _2\"></span>plan and obje<span class=\"_ _2\"></span>ctives and also</div>\n<div class=\"t m0 x1a h4f ycb7 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to positio<span class=\"_ _2b\"></span>n itself for achiev<span class=\"_ _0\"></span>ing ongo<span class=\"_ _0\"></span>ing growth a<span class=\"_ _0\"></span>nd value c<span class=\"_ _0\"></span>reation.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y985 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Two of the top st<span class=\"_ _0\"></span>rategic<span class=\"_ _0\"></span> and busin<span class=\"_ _0\"></span>ess risks<span class=\"_ _0\"></span> faced by Ag<span class=\"_ _0\"></span>eas Group in</div>\n<div class=\"t m0 x1a h4f y986 ff1b1 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2022 were<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">Inte<span class=\"_ _0\"></span>rest Rate R<span class=\"_ _0\"></span>isk <span class=\"lse2 ws103\">and higher inflation<span class=\"_ _2\"></span> risk. </span><span class=\"wsfa\">Furth<span class=\"_ _2b\"></span>er details </span></span></div>\n<div class=\"t m0 x1a h4f y987 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are provi<span class=\"_ _0\"></span>ded in sect<span class=\"_ _0\"></span>ion 4.6.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y8b7 ff1b3 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.4.1 <span class=\"ls0 ws0\"> <span class=\"_\"> </span><span class=\"lse1 ws104\">S<span class=\"_ _2\"></span>trategic r<span class=\"_ _0\"></span>isk <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y8b8 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Risks to <span class=\"_ _2\"></span>the organisation a<span class=\"_ _2\"></span>rising from unclea<span class=\"_ _2\"></span>r u<span class=\"ws103\">nderstanding and </span></div>\n<div class=\"t m0 x1a h4f y13c5 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ation of t<span class=\"_ _0\"></span>he strat<span class=\"_ _0\"></span>egy, in<span class=\"_ _0\"></span>adequat<span class=\"_ _2b\"></span>ely determin<span class=\"_ _0\"></span>ed level<span class=\"_ _0\"></span>s of unce<span class=\"_ _0\"></span>rtainty</div>\n<div class=\"t m0 x1a h4f y13c6 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(risk) as<span class=\"_ _0\"></span>sociat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he strat<span class=\"_ _0\"></span>egy, and/<span class=\"_ _2b\"></span>or challenges f<span class=\"_ _2b\"></span>aced during</div>\n<div class=\"t m0 x1a h4f y13c7 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impleme<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n stages<span class=\"_ _0\"></span>. It inc<span class=\"_ _0\"></span>ludes:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13c8 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b3 lse2 wsfa\">Bu<span class=\"_ _2\"></span>siness Model Risk:</span><span class=\"ff1b1\"> <span class=\"_ _2\"></span><span class=\"lse2 ws103\">risk to the organisa<span class=\"_ _2\"></span>tion arising from our</span> </span></span></div>\n<div class=\"t m0 x25a h4f y13c9 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business mode<span class=\"_ _2\"></span>l (and that has<span class=\"_ _2\"></span> an influence on <span class=\"_ _2\"></span>the business</div>\n<div class=\"t m0 x25a h4f y13ca ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">decisions <span class=\"_ _2\"></span>that we make).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13cb ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b3 lse2 ws103\">Pa<span class=\"_ _2\"></span>rtnership Risk:</span><span class=\"ff1b1\"> <span class=\"lse2 ws103\">ris<span class=\"_ _2\"></span>k to the organisation<span class=\"_ _2\"></span> arising from partnerships, </span></span></span></div>\n<div class=\"t m0 x25a h4f y13cc ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">dependence o<span class=\"_ _2\"></span>n partner<span class=\"ls0 ws0\">-</span><span class=\"ws103\">related di<span class=\"_ _2\"></span>stribution channels,<span class=\"_ _2\"></span> limited </span></div>\n<div class=\"t m0 x25a h4f y13cd ff1b1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operational con<span class=\"_ _2\"></span>trol inherent for joint vent<span class=\"_ _2\"></span>ures, the offering of</div>\n<div class=\"t m0 x25a h4f y13ce ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce servic<span class=\"_ _2b\"></span>es as part of a broader \u2018pa<span class=\"_ _0\"></span>rtnersh<span class=\"_ _2b\"></span>ip eco<span class=\"ls0 ws0\">-</span><span class=\"lse1\">system\u2019 </span></div>\n<div class=\"t m0 x25a h4f y13cf ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(e.g. coupli<span class=\"_ _2\"></span>ng insurance produ<span class=\"_ _2\"></span>cts with service<span class=\"_ _2\"></span> providers such as<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x25a h4f y13d0 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Amazon,<span class=\"_ _0\"></span> utility<span class=\"_ _0\"></span> playe<span class=\"_ _2b\"></span>rs in the connec<span class=\"_ _0\"></span>ted hom<span class=\"_ _0\"></span>e space\u2026<span class=\"_ _2b\"></span>).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf75 ff1b1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yf76 ff1b1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas Group has a s<span class=\"_ _2\"></span>trong strategic risk manage<span class=\"_ _2\"></span>ment framework to</div>\n<div class=\"t m0 x1a h4f y998 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">anticip<span class=\"_ _0\"></span>ate, repo<span class=\"_ _2b\"></span>rt <span class=\"_ _2\"></span>on, an<span class=\"_ _2b\"></span>d mitigate these ris<span class=\"_ _0\"></span>ks.<span class=\"ls0 ws0\"> </span>The ORS<span class=\"_ _0\"></span>A report</div>\n<div class=\"t m0 x1a h4f y999 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide<span class=\"_ _0\"></span>s an assess<span class=\"_ _0\"></span>ment on the ov<span class=\"_ _0\"></span>erall ad<span class=\"_ _0\"></span>equacy of so<span class=\"_ _2b\"></span>lvency for the 3</div>\n<div class=\"t m0 x1a h4f y99a ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">year budge<span class=\"_ _2\"></span>ted period (Multi<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"ws103\">Year Budget or MYB), which compr<span class=\"_ _2\"></span>ises </span></div>\n<div class=\"t m0 x1a h4f y99b ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">strategic r<span class=\"_ _2\"></span>isks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y13d1 ff1b3 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.4.2 <span class=\"ls0 ws0\"> <span class=\"_\"> </span><span class=\"lse2 wsfa\">C<span class=\"_ _2\"></span>hange risk </span> </span></div>\n<div class=\"t m0 x1a h4f y13d2 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Risks to <span class=\"_ _2\"></span>the organisation a<span class=\"_ _2\"></span>rising from managin<span class=\"_ _2\"></span>g change (e.g.</div>\n<div class=\"t m0 x1a h4f y13d3 ff1b1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">programmes and pr<span class=\"_ _2\"></span>ojects) or an inability to adap<span class=\"_ _2\"></span>t sufficiently quickly to<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd1e ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">industry and<span class=\"_ _2\"></span> market changes (e<span class=\"_ _2\"></span>.g. regulations an<span class=\"_ _2\"></span>d products). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 377px; height: 729px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 377px; height: 729px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ff1b8 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.4.3 <span class=\"ls0 ws0\"> <span class=\"_\"> </span><span class=\"lse1 ws11d\">In<span class=\"_ _2\"></span>dustry risk </span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Risks arising<span class=\"_ _2\"></span> from internal and/or external<span class=\"_ _2\"></span> environmental factors, su<span class=\"_ _2\"></span>ch</div>\n<div class=\"t m0 x7 h4f y804 ff1b6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">as:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsf1\">M<span class=\"_ _2\"></span>acro</span><span class=\"ff1b6\">-<span class=\"lse0 wsf0\">econom<span class=\"_ _0\"></span>ic arisin<span class=\"_ _0\"></span>g from econom<span class=\"_ _2b\"></span>ic factors (e.g. inf<span class=\"_ _2b\"></span>lation, </span></span></span></div>\n<div class=\"t m0 x43 h4f y806 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deflati<span class=\"_ _0\"></span>on, unemp<span class=\"_ _2b\"></span>loyment, chang<span class=\"_ _0\"></span>ing consu<span class=\"_ _2b\"></span>mer confidenc<span class=\"_ _0\"></span>e /</div>\n<div class=\"t m0 x43 h4f y807 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">behavio<span class=\"_ _0\"></span>ur\u2026) th<span class=\"_ _0\"></span>at can im<span class=\"_ _0\"></span>pact th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss. Inte<span class=\"_ _0\"></span>rest r<span class=\"_ _0\"></span>ates / Inf<span class=\"_ _0\"></span>lation /<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x43 h4f y808 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deflati<span class=\"_ _0\"></span>on can also m<span class=\"_ _0\"></span>aterial<span class=\"_ _0\"></span>ise thro<span class=\"_ _0\"></span>ugh financ<span class=\"_ _0\"></span>ial and/or i<span class=\"_ _2b\"></span>nsurance</div>\n<div class=\"t m0 x43 h4f y809 ff1b6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">risks. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse0 wsfa\">Geopolitical t<span class=\"_ _2b\"></span>hat may impact<span class=\"_ _0\"></span> our abil<span class=\"_ _0\"></span>ity to m<span class=\"_ _0\"></span>aintai<span class=\"_ _0\"></span>n / develo<span class=\"_ _2b\"></span>p </span></span></div>\n<div class=\"t m0 x43 h4f y80b ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> in differ<span class=\"_ _0\"></span>ent count<span class=\"_ _0\"></span>ries wher<span class=\"_ _2b\"></span>e we operate / intend<span class=\"_ _0\"></span> to operate; <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80c ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsfa\">Pr<span class=\"_ _2\"></span>opensity / Changing<span class=\"_ _2\"></span> client behaviour<span class=\"_ _2\"></span>s</span><span class=\"ff1b6\">; </span></span></div>\n<div class=\"t m0 x7 h4f y80d ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsfa\">In<span class=\"_ _2\"></span>novation from inte<span class=\"_ _2\"></span>rnal (own insurance<span class=\"_ _2\"></span> services &amp; produ<span class=\"_ _2\"></span>cts </span></span></div>\n<div class=\"t m0 x43 h4f y80e ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">launche<span class=\"_ _0\"></span>d\u2026) and ex<span class=\"_ _0\"></span>ternal (e.<span class=\"_ _2b\"></span>g. blockchain, s<span class=\"_ _0\"></span>elf<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">driving cars\u2026) </span></span></div>\n<div class=\"t m0 x43 h4f y80f ff1b6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">factors;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13d4 ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 ws103\">C<span class=\"_ _2\"></span>ompetition risks arisin<span class=\"_ _2\"></span>g from changes within the compet<span class=\"_ _2\"></span>itor </span></span></div>\n<div class=\"t m0 x43 h4f y13d5 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">landsca<span class=\"_ _2b\"></span>pe or market positio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y13d6 ff1b8 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.4.4 <span class=\"ls0 ws0\"> <span class=\"_\"> </span><span class=\"lse1 ws11d\">S<span class=\"_ _2\"></span>ystemic risk </span> </span></div>\n<div class=\"t m0 x7 h4f y13d7 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The risk<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">of disruption to finan<span class=\"_ _2\"></span>cial services organisation<span class=\"_ _2\"></span>s that has the </span></span></div>\n<div class=\"t m0 x7 h4f y13d8 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">potenti<span class=\"_ _0\"></span>al to hav<span class=\"_ _2b\"></span>e serious cons<span class=\"_ _0\"></span>equences<span class=\"_ _0\"></span> for th<span class=\"_ _0\"></span>e financi<span class=\"_ _2b\"></span>al system and/<span class=\"_ _2b\"></span>or <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13d9 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the real<span class=\"_ _2\"></span> economy. Systemic ri<span class=\"_ _2\"></span>sk events can orig<span class=\"_ _2\"></span>inate in, propaga<span class=\"_ _2\"></span>te</div>\n<div class=\"t m0 x7 h4f y13da ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">through, or rem<span class=\"_ _2\"></span>ain outside of Ageas.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y13db ff1b8 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.4.5 <span class=\"ls0 ws0\"> <span class=\"_\"> </span></span>Sustain<span class=\"lse1 ws11d\">ability risk <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y13dc ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A sustain<span class=\"_ _0\"></span>ability r<span class=\"_ _0\"></span>isk is an unc<span class=\"_ _0\"></span>ertain en<span class=\"_ _0\"></span>vironme<span class=\"_ _0\"></span>ntal, soc<span class=\"_ _0\"></span>ial or gove<span class=\"_ _0\"></span>rnance</div>\n<div class=\"t m0 x7 h4f y13dd ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(ESG) ev<span class=\"_ _0\"></span>ent that, if<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>it occ<span class=\"_ _0\"></span>urs, can cau<span class=\"_ _2b\"></span>se a <span class=\"_ _2\"></span>sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt negativ<span class=\"_ _0\"></span>e impact on</div>\n<div class=\"t m0 x7 h4f y13de ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas. It include<span class=\"_ _2\"></span>s the opportunities tha<span class=\"_ _2\"></span>t may be available to Ageas</div>\n<div class=\"t m0 x7 h4f y13df ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because of<span class=\"_ _0\"></span> changi<span class=\"_ _0\"></span>ng envir<span class=\"lse2 ws103\">onmental or social factors. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y13e0 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13e1 ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Environmental<span class=\"_ _2\"></span> relates to the quality and<span class=\"_ _2\"></span> functioning of the natural</div>\n<div class=\"t m0 x7 h4f y13e2 ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">environment<span class=\"_ _2\"></span> and natural systems, and our p<span class=\"_ _2\"></span>ositive contribution towar<span class=\"_ _2\"></span>ds</div>\n<div class=\"t m0 x7 h4f y13e3 ff1b6 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">it.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13e4 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13e5 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Social r<span class=\"_ _0\"></span>elates t<span class=\"_ _2b\"></span>o the rights, w<span class=\"_ _2b\"></span>ell<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse2\">being and interest<span class=\"_ _2\"></span>s of people and<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y13e6 ff1b6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">communities. <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13e7 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13e8 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Governance re<span class=\"_ _2\"></span>lates to element<span class=\"_ _2\"></span>s such as Board <span class=\"_ _2\"></span>structure, size,</div>\n<div class=\"t m0 x7 h4f y13e9 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Executive pa<span class=\"_ _2\"></span>y, shareholder righ<span class=\"_ _2\"></span>ts, stakeholder i<span class=\"_ _2\"></span>nteraction\u2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13ea ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13eb ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The impac<span class=\"_ _0\"></span>ts of ESG risk<span class=\"_ _0\"></span>s are consi<span class=\"_ _0\"></span>dered &amp; rep<span class=\"_ _0\"></span>orted alon<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>two <span class=\"wsef\">ax<span class=\"_ _2b\"></span>es<span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y13ec ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse0 wsfa\">Physical Risk<span class=\"_ _0\"></span> (risks<span class=\"_ _0\"></span> that aris<span class=\"_ _2b\"></span>e from the phys<span class=\"_ _0\"></span>ical eff<span class=\"_ _0\"></span>ects of<span class=\"_ _0\"></span> climate </span></span></div>\n<div class=\"t m0 x43 h4f y13ed ff1b6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">change) <span class=\"ls0 ws0\">\u2013<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">assess t<span class=\"_ _0\"></span>he impact o<span class=\"_ _0\"></span>n the busines<span class=\"_ _0\"></span>s due to phy<span class=\"_ _0\"></span>sical risk<span class=\"_ _0\"></span>s </span></span></div>\n<div class=\"t m0 x43 h4f y13ee ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">material<span class=\"_ _2b\"></span>ising (e.g. damag<span class=\"_ _0\"></span>e to real est<span class=\"_ _0\"></span>ate portfo<span class=\"_ _2b\"></span>lio, people well<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">being </span></span></div>\n<div class=\"t m0 x43 h4f y13ef ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">due to p<span class=\"_ _2\"></span>rolonged confinements <span class=\"_ _2\"></span>/ rapid changes i<span class=\"_ _2\"></span>n w<span class=\"lse0\">ork c<span class=\"_ _0\"></span>ulture, </span></div>\n<div class=\"t m0 x43 h4f y13f0 ff1b6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">techno<span class=\"_ _0\"></span>logy\u2026). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a4 ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse0 wsf0\">Transition risk<span class=\"_ _0\"></span> <span class=\"ls0 ws0\">\u2013 <span class=\"_ _2\"></span></span>(r<span class=\"_ _0\"></span>isks that a<span class=\"_ _0\"></span>rise from t<span class=\"_ _0\"></span>he transit<span class=\"_ _0\"></span>ion to a low<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">carbon </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y8a5 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and clim<span class=\"_ _2b\"></span>ate<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">resilient econ<span class=\"_ _0\"></span>omy) <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsfa\">assess th<span class=\"_ _0\"></span>e impact<span class=\"_ _0\"></span> on the b<span class=\"_ _0\"></span>usiness<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x25a h4f y8a6 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">due to t<span class=\"_ _0\"></span>he transit<span class=\"_ _2b\"></span>ion measures t<span class=\"_ _2b\"></span>aken / being d<span class=\"_ _2b\"></span>eployed towar<span class=\"_ _0\"></span>ds an</div>\n<div class=\"t m0 x25a h4f yc95 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">ESG supported<span class=\"_ _2\"></span> economy.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a8 ff1b6 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">4<span class=\"lsf4 ws10c\">.7.5</span> <span class=\"_ _1af\"> </span><span class=\"lse2 wsf1\">Reinsurance</span> </div>\n<div class=\"t m0 x1a h4f y8a9 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Where appropr<span class=\"_ _2\"></span>iate, Ageas\u2019s insura<span class=\"_ _2\"></span>nce companies en<span class=\"_ _2\"></span>ter into reinsurance</div>\n<div class=\"t m0 x1a h4f y8aa ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts to<span class=\"_ _2\"></span> limit their exposure to underw<span class=\"_ _2\"></span>riting losses. This reinsuran<span class=\"_ _2\"></span>ce</div>\n<div class=\"t m0 x1a h4f y8ab ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">may be o<span class=\"_ _2\"></span>n a policy<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">by<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">polic<span class=\"_ _0\"></span>y basis (p<span class=\"_ _0\"></span>er risk), or o<span class=\"_ _0\"></span>n a portfol<span class=\"_ _0\"></span>io basis (pe<span class=\"_ _0\"></span>r </span></span></span></div>\n<div class=\"t m0 x1a h4f y8ac ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event). T<span class=\"_ _0\"></span>he <span class=\"lse2 ws103\">latter events<span class=\"_ _2\"></span> are mostly weather related (e<span class=\"_ _2\"></span>.g. hurricanes, </span></div>\n<div class=\"t m0 x1a h4f y8ad ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earthqu<span class=\"_ _0\"></span>akes and fl<span class=\"_ _0\"></span>oods) or ma<span class=\"_ _2b\"></span>n<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">made,<span class=\"_ _0\"></span> multipl<span class=\"_ _2b\"></span>e claims trig<span class=\"_ _0\"></span>gered by<span class=\"_ _0\"></span> a </span></div>\n<div class=\"t m0 x1a h4f y8ae ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">single e<span class=\"_ _2\"></span>vent. Reinsurance compan<span class=\"_ _2\"></span>ies are selected ba<span class=\"_ _2\"></span>sed primarily on<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y8af ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pricing a<span class=\"_ _0\"></span>nd count<span class=\"_ _0\"></span>erparty def<span class=\"_ _2b\"></span>ault risk consid<span class=\"_ _0\"></span>erations<span class=\"_ _0\"></span>. The man<span class=\"lse2 wsfa\">agement of </span></div>\n<div class=\"t m0 x1a h4f y8b0 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counterparty<span class=\"_ _2\"></span> default risk i<span class=\"_ _2\"></span>s integrated into <span class=\"_ _2\"></span>the overall manage<span class=\"_ _2\"></span>ment of</div>\n<div class=\"t m0 x1a h4f y8b1 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">credit ri<span class=\"_ _2\"></span>sk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8b2 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8b3 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2018, Ag<span class=\"_ _0\"></span>eas obtai<span class=\"_ _2b\"></span>ned a life and non<span class=\"ls0 ws0\">-</span>life lic<span class=\"_ _0\"></span>ence for <span class=\"ls0 ws0\">A<span class=\"ls107 ws11c\">geas<span class=\"_ _0\"></span> SA/NV in </span></span></div>\n<div class=\"t m0 x1a h4f y8b4 ff1b6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Belgium.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8b5 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8b6 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The rati<span class=\"_ _0\"></span>onale of ob<span class=\"_ _0\"></span>taining a lic<span class=\"_ _2b\"></span>ence for <span class=\"ls0 ws0\">A<span class=\"lse2 wsfa\">geas<span class=\"_ _2\"></span> SA/NV was to o<span class=\"_ _2\"></span>ptimise </span></span></div>\n<div class=\"t m0 x1a h4f y8b7 ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Ageas <span class=\"wsfa\">Group <span class=\"_ _2\"></span>reinsurance program<span class=\"_ _2\"></span>me by harmonising<span class=\"_ _2\"></span> risk profiles </span></div>\n<div class=\"t m0 x1a h4f y8b8 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">among co<span class=\"_ _0\"></span>ntrolle<span class=\"_ _2b\"></span>d limits/entit<span class=\"_ _0\"></span>ies and t<span class=\"_ _2b\"></span>o improve capit<span class=\"_ _2b\"></span>al fungibilit<span class=\"_ _2b\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13c5 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y13c6 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The comp<span class=\"_ _0\"></span>anies wit<span class=\"_ _0\"></span>hin the scop<span class=\"_ _0\"></span>e of internal<span class=\"_ _0\"></span> reinsu<span class=\"_ _0\"></span>rance are:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13c7 ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse0 wsf0\">AG Insurance, Be<span class=\"_ _0\"></span>lgium;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y13c8 ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse0 wsf0\">Ageas Insuranc<span class=\"_ _0\"></span>e Limited,<span class=\"_ _0\"></span> UK;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y13c9 ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse0 wsf0\">Ageas Ocidental V<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">id<span class=\"_ _2\"></span>a, Portugal; <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y13ca ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsfa\">Ag<span class=\"_ _2\"></span>eas Seguros Non</span><span class=\"ff1b6\">-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">Life, Portugal;</span> </span></span></div>\n<div class=\"t m0 x1a h4f y13cb ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsfa\">M<span class=\"_ _2\"></span>edis, Portugal;</span><span class=\"ff1b6\"> </span></span></div>\n<div class=\"t m0 x1a h4f y13cc ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsfa\">Ag<span class=\"_ _2\"></span>eas France;</span><span class=\"ff1b6\"> </span></span></div>\n<div class=\"t m0 x1a h4f y13cd ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsfa\">Sp<span class=\"_ _2\"></span>ecific NCPs (non</span><span class=\"ff1b6\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">cont<span class=\"_ _0\"></span>rolled pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ions), e.<span class=\"_ _2b\"></span>g. <span class=\"_ _2\"></span>Ch<span class=\"_ _0\"></span>ina, Thai<span class=\"_ _0\"></span>land, </span></span></span></div>\n<div class=\"t m0 x25a h4f y13ce ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Malays<span class=\"_ _0\"></span>ia, T\u00fcrkiy<span class=\"_ _2b\"></span>e and India.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13cf ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y13d0 ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As of Jan 1st 2023, <span class=\"ls0 ws0\">A<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">geas S<span class=\"_ _0\"></span>A/NV has <span class=\"lse1\">start<span class=\"lse2 wsf1\">ed<span class=\"ls0 ws0\"> </span><span class=\"ws103\">underwriting non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>life third </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f yf75 ff1b6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">part<span class=\"lse2 ws103\">y business under the brand name<span class=\"_ _2\"></span> \u201cAgeas Re\u201d.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yf76 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y998 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In line w<span class=\"_ _0\"></span>ith its R<span class=\"_ _0\"></span>isk App<span class=\"_ _0\"></span>etite, <span class=\"ls0 ws0\">A</span><span class=\"lse2\">geas SA/NV mitigate<span class=\"_ _2\"></span>s part of its ri<span class=\"_ _2\"></span>sk on </span></div>\n<div class=\"t m0 x1a h4f y999 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the assum<span class=\"_ _2b\"></span>ed business throu<span class=\"_ _0\"></span>gh the acquis<span class=\"_ _2b\"></span>ition of group retr<span class=\"_ _0\"></span>ocessi<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x1a h4f y99a ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">covers an<span class=\"_ _0\"></span>d/or cove<span class=\"_ _0\"></span>rs protect<span class=\"_ _2b\"></span>ing its own balance sh<span class=\"_ _2b\"></span>eet. <span class=\"ls0 ws0\">A</span>geas SA/NV</div>\n<div class=\"t m0 x1a h4f y99b ff1b6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">als<span class=\"lse2 ws103\">o underwrites proport<span class=\"_ _2\"></span>ional treaties, covering a<span class=\"_ _2\"></span> share of the non<span class=\"ls0 ws0\">-</span></span>life</div>\n<div class=\"t m0 x1a h4f y99c ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business o<span class=\"_ _2\"></span>f the controlled <span class=\"_ _2\"></span>participations.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y99d ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y99e ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The gover<span class=\"_ _2b\"></span>nance of the reinsu<span class=\"_ _0\"></span>rance busi<span class=\"_ _2b\"></span>ness respects and o<span class=\"_ _2b\"></span>perates</div>\n<div class=\"t m0 x1a h4f y99f ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">within the <span class=\"_ _2\"></span>Ageas Risk Manageme<span class=\"_ _2\"></span>nt Framework and<span class=\"_ _2\"></span> <span class=\"ws103\">controls on </span></div>\n<div class=\"t m0 x1a h4f y9a0 ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">processes follow<span class=\"_ _2\"></span> Group standards.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 392px; height: 714px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 392px; height: 714px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1bb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> provides details of risk re<span class=\"_ _2\"></span>tention by product line of<span class=\"_ _2\"></span> Ageas (in EUR mio)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1bb fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5ff ff1bb fs3c fc1f sc0 lse4 wsf6\" style=\"left: 525px; bottom: 1065px; z-index: 15;\">Probable Maximum Loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y601 ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 593px; bottom: 1050px; z-index: 15;\"> <span class=\"lsf0 wsff\">per r<span class=\"_ _2\"></span>isk</span> </div>\n<div class=\"t m0 x48 h52 y5ff ff1bb fs3c fc1f sc0 lse4 wsf6\" style=\"left: 697px; bottom: 1065px; z-index: 15;\">Probable Maximum Loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y601 ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 756px; bottom: 1050px; z-index: 15;\"> <span class=\"lse4 wsf3\">per event</span> </div>\n<div class=\"t m0 x14d h52 y5ff ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff1bd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Product<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 633px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1bb fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Motor, Third Party <span class=\"wsf4\">liability<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y603 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 1005px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y603 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 1005px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y608 ff1bb fs3c fc14 sc0 lsed ws12d\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Terrorism<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y608 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 990px; z-index: 15;\">4</div>\n<div class=\"t m0 xd2 h52 y608 ff1bb fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 990px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1bb fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 975px; z-index: 15;\">4</div>\n<div class=\"t m0 x107 h52 y5f4 ff1bb fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 975px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1bb fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 960px; z-index: 15;\">General Third Party Liability<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f2 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 960px; z-index: 15;\">5</div>\n<div class=\"t m0 x78 h52 y5f2 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1bb fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Workmen\u2019s Compensation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 945px; z-index: 15;\">3</div>\n<div class=\"t m0 xb8 h52 y60e ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 945px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5f9 ff1bb fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Personal Accident<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 931px; z-index: 15;\">3</div>\n<div class=\"t m0 xb8 h52 y5f9 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 931px; z-index: 15;\">3</div>\n<div class=\"t m0 x7 h4f y13f4 ff1bb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13f5 ff1bb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13f6 ff1bb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table shows<span class=\"_ _2\"></span> the highest amount (capped at a<span class=\"_ _2\"></span> 200 years return</div>\n<div class=\"t m0 x7 h4f y13f7 ff1bb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">period<span class=\"_ _0\"></span>) per risk<span class=\"_ _0\"></span> across <span class=\"_ _0\"></span>all entit<span class=\"_ _2b\"></span>ies of the Gro<span class=\"_ _0\"></span>up for sim<span class=\"_ _2b\"></span>ilar covers fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x7 h4f y13f8 ff1bb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">which Ageas<span class=\"_ _2\"></span> Group assumes resp<span class=\"_ _2\"></span>onsibility for mi<span class=\"_ _2\"></span>tigating emerging r<span class=\"_ _2\"></span>isks;</div>\n<div class=\"t m0 x7 h4f y13f9 ff1bb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">any amou<span class=\"_ _0\"></span>nt high<span class=\"_ _2b\"></span>er than those in t<span class=\"_ _2b\"></span>he table will<span class=\"ls0 ws0\"> </span>be t<span class=\"_ _0\"></span>ransfe<span class=\"_ _0\"></span>rred to th<span class=\"_ _2b\"></span>ird</div>\n<div class=\"t m0 x7 h4f y13fa ff1bb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">party rei<span class=\"_ _2b\"></span>nsurers for c<span class=\"_ _0\"></span>over. T<span class=\"_ _0\"></span>he measu<span class=\"_ _0\"></span>rement d<span class=\"_ _0\"></span>epends <span class=\"_ _0\"></span>on the t<span class=\"_ _0\"></span>ype of</div>\n<div class=\"t m0 x7 h4f y13fb ff1bb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event cove<span class=\"_ _2b\"></span>red by these reins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>greement<span class=\"_ _0\"></span>s: eithe<span class=\"_ _2b\"></span>r per single risk or</div>\n<div class=\"t m0 x7 h4f y13fc ff1bb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">alternativel<span class=\"_ _2\"></span>y per event. Additionally,<span class=\"_ _2\"></span> as the catastrophe covers for<span class=\"_ _2\"></span> Motor</div>\n<div class=\"t m0 x1a h4f y13fd ff1bb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Hull have been i<span class=\"lse0 wsf0\">ntegrated into th<span class=\"_ _2b\"></span>e property reinsur<span class=\"_ _2b\"></span>ance treaty, the </span></div>\n<div class=\"t m0 x1a h4f y13fe ff1bb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">retention men<span class=\"_ _2\"></span>tioned is the maximum that Ageas<span class=\"_ _2\"></span> Group is exposed to.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13ff ff1bb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1400 ff1bb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For rete<span class=\"_ _2b\"></span>ntion per eve<span class=\"_ _0\"></span>nt, we tak<span class=\"_ _2b\"></span>e into account t<span class=\"_ _2b\"></span>he maximum c<span class=\"_ _0\"></span>ombined</div>\n<div class=\"t m0 x1a h4f y1401 ff1bb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exposur<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>AIL,<span class=\"_ _0\"></span> AGI and <span class=\"ls0 ws0\">A</span>geas SA/<span class=\"_ _2b\"></span>NV held in retentio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1402 ff1bb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1403 ff1bb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The premi<span class=\"_ _0\"></span>ums ceded to r<span class=\"_ _2b\"></span>einsurers by prod<span class=\"_ _0\"></span>uct line ar<span class=\"_ _0\"></span>e presente<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>in Not<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1404 ff1bb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">30 \u201cInsu<span class=\"_ _0\"></span>rance prem<span class=\"_ _0\"></span>iums\u201d.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 763px; height: 343px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 763px; height: 343px; width: 96%; z-index: 1;\"><br/></div>\n\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">R<span class=\"_ _2b\"></span>egula<span class=\"_ _0\"></span>to<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>y super<span class=\"_ _2\"></span>vision<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and sol<span class=\"_ _0\"></span>v<span class=\"_ _2b\"></span>enc<span class=\"_ _2b\"></span>y</div>\n<div class=\"t m0 x7 h63 y714 ff1c1 fs40 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"lsf6 ws110\">geas <span class=\"lsf8 ws10f\">S<span class=\"_ _2\"></span>A/NV is the ultimate parent </span></span></div>\n<div class=\"t m0 x7 h63 y715 ff1c1 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">of <span class=\"ws10f\">the Ageas Group.<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsf6 ws113\">The National </span></span></span></div>\n<div class=\"t m0 x7 h63 y716 ff1c1 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Bank of Belgium (NBB) had</div>\n<div class=\"t m0 x7 h63 y717 ff1c1 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">designated <span class=\"ls0 ws0\">A<span class=\"_ _2\"></span><span class=\"lsf6 ws110\">geas SA/NV</span> <span class=\"lsf6\">as an </span></span></div>\n<div class=\"t m0 x7 h63 y718 ff1c1 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Insurance Holding.<span class=\"ls0\"> </span>In June 2018,</div>\n<div class=\"t m0 x7 h63 y719 ff1c1 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">the NBB has granted <span class=\"ls0\">A</span><span class=\"ws110\">geas SA/NV </span></div>\n<div class=\"t m0 x7 h63 y71a ff1c1 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">a license to underwrite <span class=\"_ _0\"></span>life and non<span class=\"ls0\">-</span></div>\n<div class=\"t m0 x7 h63 y71b ff1c1 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">life reinsurance activit<span class=\"_ _2b\"></span>ies. <span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff1bf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The NBB i<span class=\"_ _2\"></span>s the group superv<span class=\"_ _2\"></span>isory autho<span class=\"lse0 wsf0\">rity and in th<span class=\"_ _0\"></span>at capacit<span class=\"_ _0\"></span>y receiv<span class=\"_ _0\"></span>es specific<span class=\"_ _0\"></span> reports w<span class=\"_ _0\"></span>hich form<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x26 h4f y725 ff1bf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the basis of prud<span class=\"_ _2\"></span>ential supervision at group<span class=\"_ _2\"></span> level. In its role as group su<span class=\"_ _2\"></span>pervisory authority the NBB</div>\n<div class=\"t m0 x26 h4f y726 ff1bf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">facilitat<span class=\"_ _2b\"></span>es group supe<span class=\"_ _0\"></span>rvisio<span class=\"_ _0\"></span>n via a co<span class=\"_ _0\"></span>llege of s<span class=\"_ _2b\"></span>upervisors.<span class=\"_ _0\"></span> Supervi<span class=\"_ _0\"></span>sors i<span class=\"_ _0\"></span>n the EEA m<span class=\"_ _2b\"></span>ember <span class=\"wsef\">countri<span class=\"_ _2b\"></span>es </span></div>\n<div class=\"t m0 x26 h4f y727 ff1bf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">where A<span class=\"_ _0\"></span>geas is ac<span class=\"_ _0\"></span>tive ar<span class=\"_ _2b\"></span>e represented i<span class=\"_ _2b\"></span>n this colleg<span class=\"_ _0\"></span>e. The col<span class=\"_ _0\"></span>lege, o<span class=\"_ _0\"></span>perati<span class=\"_ _0\"></span>ng on the <span class=\"_ _0\"></span>basis of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x26 h4f y728 ff1bf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Europea<span class=\"_ _2b\"></span>n regulations, ens<span class=\"_ _0\"></span>ures th<span class=\"_ _0\"></span>at the collab<span class=\"_ _0\"></span>oration,<span class=\"_ _0\"></span> exchang<span class=\"_ _0\"></span>e of inform<span class=\"_ _0\"></span>ation and mut<span class=\"_ _2b\"></span>ual</div>\n<div class=\"t m0 x26 h4f y729 ff1bf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">consult<span class=\"_ _0\"></span>ation bet<span class=\"_ _2b\"></span>ween the supe<span class=\"_ _2b\"></span>rvisory auth<span class=\"_ _0\"></span>orities t<span class=\"_ _0\"></span>akes pl<span class=\"_ _2b\"></span>ace and further<span class=\"_ _2b\"></span>more promotes c<span class=\"_ _2b\"></span>onvergence</div>\n<div class=\"t m0 x26 h4f y72a ff1bf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of superv<span class=\"_ _0\"></span>isory act<span class=\"_ _0\"></span>ivities.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h6a y1407 ff1c2 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">5<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x26 h6a y1408 ff1c2 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Requirements and a<span class=\"_ _2\"></span>vailable capital under Solvency<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls13e ws165\">II </span>- <span class=\"ls10f ws132\">Partial Internal </span></span></div>\n<div class=\"t m0 x26 h6a y1409 ff1c2 fs46 fcf sc0 ls138 ws15c\" style=\"z-index: 15;\">Mode<span class=\"_ _2\"></span>l (Pill<span class=\"_ _2\"></span>ar 1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y140a ff1bf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Since 1 Janu<span class=\"_ _2b\"></span>ary 2016, Ageas is su<span class=\"_ _0\"></span>pervis<span class=\"_ _0\"></span>ed on a conso<span class=\"_ _0\"></span>lidated lev<span class=\"_ _2b\"></span>el based on the Solv<span class=\"_ _0\"></span>ency II</div>\n<div class=\"t m0 x26 h4f y140b ff1bf fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">framew<span class=\"_ _0\"></span>ork,<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">applying a Partial I<span class=\"_ _2\"></span>nternal Model (PIM) for pilla<span class=\"_ _2\"></span>r 1 reporting, where the main par<span class=\"_ _2\"></span>t of the </span></span></div>\n<div class=\"t m0 x26 h4f y140c ff1bf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life risks are mo<span class=\"_ _2b\"></span>delled accordi<span class=\"_ _0\"></span>ng to Ageas s<span class=\"_ _0\"></span>pecific<span class=\"_ _0\"></span> formulas, i<span class=\"_ _2b\"></span>nstead of the standa<span class=\"_ _0\"></span>rd formul<span class=\"_ _2b\"></span>a </span></span></div>\n<div class=\"t m0 x26 h4f y140d ff1bf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">approach.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y140e ff1bf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y140f ff1bf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For ful<span class=\"_ _0\"></span>ly conso<span class=\"_ _0\"></span>lidated <span class=\"_ _0\"></span>entiti<span class=\"_ _0\"></span>es, the c<span class=\"_ _2b\"></span>onsolidation sc<span class=\"_ _2b\"></span>op<span class=\"lse2\">e <span class=\"_ _2\"></span>for Solvency II i<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span><span class=\"ws103\">comparable to the IFRS<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x26 h4f y1410 ff1bf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidation<span class=\"_ _2\"></span> scope<span class=\"lse0 wsfa\">, wit<span class=\"_ _0\"></span>h the exc<span class=\"_ _0\"></span>eption of<span class=\"_ _0\"></span> Inter<span class=\"_ _0\"></span>parkin<span class=\"_ _0\"></span>g, whic<span class=\"_ _0\"></span>h is prop<span class=\"_ _0\"></span>ortion<span class=\"_ _0\"></span>ally cons<span class=\"_ _2b\"></span>olidated in </span></div>\n<div class=\"t m0 x26 h4f y1411 ff1bf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Solvency<span class=\"_ _0\"></span> II an<span class=\"_ _0\"></span>d fully co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed in IFRS<span class=\"ls0 ws0\">. </span><span class=\"wsf0\">Since Q4 2022,<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>the co<span class=\"_ _2b\"></span>nsolidation sc<span class=\"_ _0\"></span>ope inclu<span class=\"_ _0\"></span>des<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Ageas </span></span></span></div>\n<div class=\"t m0 x26 h4f y1412 ff1bf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Federal Li<span class=\"_ _2\"></span>fe Insu<span class=\"lse0 wsf0\">rance Com<span class=\"_ _2b\"></span>pany Ltd. (AFLIC<span class=\"_ _0\"></span>).<span class=\"ls0 ws0\">  </span></span></div>\n<div class=\"t m0 x26 h4f y1413 ff1bf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1414 ff1bf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In Novemb<span class=\"_ _0\"></span>er 2022,<span class=\"_ _0\"></span> Ageas Franc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>eived the F<span class=\"_ _0\"></span>rench Sup<span class=\"_ _0\"></span>ervisor<span class=\"_ _2b\"></span>\u2019s agreement to set u<span class=\"_ _0\"></span>p Ageas</div>\n<div class=\"t m0 x26 h4f y1415 ff1bf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Retrait<span class=\"_ _0\"></span>e for their p<span class=\"_ _0\"></span>ension bus<span class=\"_ _2b\"></span>iness (Fonds de ret<span class=\"_ _0\"></span>raite prof<span class=\"_ _0\"></span>ession<span class=\"_ _2b\"></span>nelle suppl\u00e9me<span class=\"_ _0\"></span>ntaire). S<span class=\"_ _2b\"></span>ince Q4</div>\n<div class=\"t m0 x26 h4f y1416 ff1bf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">2022, Agea<span class=\"_ _2\"></span>s Retraite is includ<span class=\"_ _2\"></span>ed in the<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Group\u2019s Solve<span class=\"_ _0\"></span>ncy II scope in ac<span class=\"_ _0\"></span>corda<span class=\"_ _0\"></span>nce with the r<span class=\"_ _2b\"></span>elevant </span></span></div>\n<div class=\"t m0 x26 h4f y1417 ff1bf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sectora<span class=\"_ _0\"></span>l rules.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1418 ff1bf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1419 ff1bf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse2 wsf1\">he n<span class=\"_ _2\"></span>on</span>-<span class=\"lse2 wsf1\">European <span class=\"lse0 wsf0\">equity assoc<span class=\"_ _0\"></span>iates <span class=\"lse2 wsf1\">are<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">excluded <span class=\"_ _2\"></span>from own funds and <span class=\"_ _2\"></span>required solvency,<span class=\"_ _2\"></span> as the </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y141a ff1bf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applicable sol<span class=\"_ _2\"></span>vency regimes are deemed non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">e<span class=\"_ _2\"></span>quivalent with Sol<span class=\"_ _2\"></span>vency<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">II.</span> <span class=\"lse0 wsef\">Since <span class=\"lsfd ws116\">Q4 </span></span></span><span class=\"wsf1\">2021<span class=\"lsf4 ws10c\">, </span>A<span class=\"_ _2\"></span>geS<span class=\"ls0 ws0\">A<span class=\"lsfc ws115\">, </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y141b ff1bf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"lse0 wsef\">Turkish <span class=\"wsf0\">equity<span class=\"_ _0\"></span> associat<span class=\"_ _2b\"></span>e purchased in May 202<span class=\"_ _2b\"></span>1, <span class=\"ls106 ws10c\">is in<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span>th<span class=\"_ _0\"></span>e scope of gro<span class=\"_ _0\"></span>up Solven<span class=\"_ _0\"></span>cy II<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y141c ff1bf fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">calculatio<span class=\"_ _2\"></span>ns<span class=\"lsf4 ws10c\">. <span class=\"lse0 wsf0\">AgeSA prov<span class=\"_ _2b\"></span>ides Ageas with So<span class=\"_ _0\"></span>lvency II c<span class=\"_ _0\"></span>alculat<span class=\"_ _2b\"></span>ions that are <span class=\"lse2 ws103\">included pro rata, wi<span class=\"_ _2\"></span>thout </span></span></span></div>\n<div class=\"t m0 x26 h4f y141d ff1bf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">any diversi<span class=\"_ _2\"></span>fication. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y141e ff1bf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y141f ff1bf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the P<span class=\"_ _0\"></span>artial Int<span class=\"_ _2b\"></span>ernal Model (<span class=\"_ _0\"></span>PIM), Ag<span class=\"_ _2b\"></span>eas applies tra<span class=\"_ _2b\"></span>nsitional meas<span class=\"_ _2b\"></span>ures relating t<span class=\"_ _2b\"></span>o technical</div>\n<div class=\"t m0 x26 h4f y1420 ff1bf fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">pr<span class=\"lse2 wsfa\">ovisions in Por<span class=\"_ _2\"></span>tugal and France <span class=\"_ _2\"></span>and<span class=\"ls0 ws0\"> </span><span class=\"ws103\">the grandfather<span class=\"_ _2\"></span>ing of issued hybrid debt<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 270px; height: 691px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 270px; height: 691px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1c6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The reconc<span class=\"_ _2b\"></span>iliation of the IFR<span class=\"_ _2b\"></span>S <span class=\"lse2 wsf1\">Eq<span class=\"_ _2\"></span>uity<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">to the <span class=\"ls102 ws115\">Eligible O<span class=\"lsfa ws114\">wn <span class=\"ls0 ws0\">F<span class=\"_ _2\"></span></span></span></span></span>unds un<span class=\"_ _0\"></span>der Solv<span class=\"_ _0\"></span>ency II and th<span class=\"_ _0\"></span>e resulti<span class=\"_ _0\"></span>ng solvenc<span class=\"_ _0\"></span>y ratio acc<span class=\"_ _2b\"></span>ording to the Partial<span class=\"_ _0\"></span> Internal M<span class=\"_ _2b\"></span>odel</div>\n<div class=\"t m0 x7 h4f y803 ff1c6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">approac<span class=\"_ _0\"></span>h is as follow<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1c6 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff1c6 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 550px; bottom: 1049px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y601 ff1c6 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 721px; bottom: 1049px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h54 y5ff ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5ff ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 625px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5ff ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff1c8 fs3c fc1f sc0 lsf0 wsff\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">IFRS Equit<span class=\"_ _2\"></span>y<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y605 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 1019px; z-index: 15;\">8,632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y605 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1019px; z-index: 15;\">14,172<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 1004px; z-index: 15;\">7,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1004px; z-index: 15;\">11,914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interest<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2a1 h52 y5f2 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 989px; z-index: 15;\">1,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f2 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">2,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y603 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y603 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff1c8 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Qualify<span class=\"_ _2b\"></span>ing Subordi<span class=\"_ _0\"></span>nated L<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y5f2 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 959px; z-index: 15;\">2,175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y5f2 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 959px; z-index: 15;\">2,807<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f4 ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 625px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f4 ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff1c8 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Scope changes at IFRS value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 930px; z-index: 15;\">(4,893)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 930px; z-index: 15;\">(5,646)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Exclusion of expected <span class=\"wsf4\">dividend<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h52 y60e ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 915px; z-index: 15;\">(270)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 915px; z-index: 15;\">(495)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Proportional consolidation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 900px; z-index: 15;\">(318)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 900px; z-index: 15;\">(295)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1c6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Derecognition of Equity Associates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 885px; z-index: 15;\">(4,305)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 885px; z-index: 15;\">(4,856)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5fc ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5fc ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff1c8 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Valuation differences <span class=\"ls0 ws0\">- <span class=\"lsee ws166\">(unaudit<span class=\"_ _2\"></span>ed)</span> </span></div>\n<div class=\"t m0 x2a1 h54 y5f7 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 855px; z-index: 15;\">2,210<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f7 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 855px; z-index: 15;\">(2,348)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Revaluation of Property Inves<span class=\"_ _0\"></span>tments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 841px; z-index: 15;\">1,718<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 841px; z-index: 15;\">1,783<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Derecognition of parking <span class=\"lse5 wsf5\">co<span class=\"_ _2b\"></span>ncessions<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h52 y601 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 826px; z-index: 15;\">(576)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y601 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 826px; z-index: 15;\">(407)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Derecognition of goodwill<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 811px; z-index: 15;\">(602)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 811px; z-index: 15;\">(610)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 796px; z-index: 15;\">Revaluation of Insurance rela<span class=\"_ _0\"></span>ted balance sheet item<span class=\"_ _0\"></span>s <span class=\"ls0 ws0\">- </span><span class=\"wsf4\">(unaudited)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x16 h52 y601 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y601 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 781px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">(Technical Provisions, Reinsurance Recoverables, VOBA and DAC)</span> </div>\n<div class=\"t m0 x2a1 h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 781px; z-index: 15;\">3,569<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 781px; z-index: 15;\">(7,036)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Revaluation of assets <span class=\"_ _0\"></span>which, under IFRS <span class=\"wsf6\">are not accounted<span class=\"_ _0\"></span> for at fair value<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x16 h52 y605 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y605 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">(Held to Maturity Bonds, Loans, Mortgages)</span> </div>\n<div class=\"t m0 x49 h52 y5f4 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 752px; z-index: 15;\">(1,256)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f4 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 752px; z-index: 15;\">3,384<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Tax impact on valuation di<span class=\"_ _2b\"></span>ff<span class=\"_ _2\"></span>erences<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 737px; z-index: 15;\">(851)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 737px; z-index: 15;\">521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y632 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 722px; z-index: 15;\">208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y632 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 722px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5f2 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5f2 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff1c8 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Total S<span class=\"_ _0\"></span>olvency<span class=\"_ _2b\"></span> II Own Funds <span class=\"ls0 ws0\">- </span><span class=\"ws109\">(unaud<span class=\"_ _2b\"></span>ited)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2a1 h54 ydd0 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 692px; z-index: 15;\">8,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 ydd0 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 692px; z-index: 15;\">8,985<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1c6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Non Transferable Own Funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 677px; z-index: 15;\">(987)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f9 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 677px; z-index: 15;\">(1,029)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff1c8 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Total Eligible Solvency II Own Funds <span class=\"ls0 ws0\">- </span><span class=\"ws166\">(unaudi<span class=\"_ _2\"></span>ted)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2a1 h54 y63a ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 662px; z-index: 15;\">7,137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y63a ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 662px; z-index: 15;\">7,956<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Group Required Capital unde<span class=\"_ _0\"></span>r Partial Internal Model<span class=\"_ _0\"></span> (SCR) <span class=\"ls0 ws0\">- </span><span class=\"wsf4\">(unaudited)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2a1 h52 y5fc ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 648px; z-index: 15;\">3,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5fc ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 648px; z-index: 15;\">4,226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff1c8 fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Capital Ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f7 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 595px; bottom: 633px; z-index: 15;\">206.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f7 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 633px; z-index: 15;\">188.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1437 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1438 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1c6 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y5fc ff1c6 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 548px; bottom: 586px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y5fc ff1c6 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 720px; bottom: 586px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h54 y647 ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 570px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y647 ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 570px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y647 ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 570px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff1c8 fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 555px; z-index: 15;\">Total Eligible <span class=\"lsee ws101\">Solvency I<span class=\"_ _2\"></span>I Own Funds,<span class=\"ls0 ws0\"> <span class=\"lse7 wsf8\">of whic<span class=\"_ _2b\"></span>h <span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> </span><span class=\"ws109\">(unau<span class=\"_ _0\"></span>dited):<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x17 h54 y5ff ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 555px; z-index: 15;\">7,137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 555px; z-index: 15;\">7,956<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff1c6 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 540px; z-index: 15;\">Tier<span class=\"_ _2\"></span> 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y647 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 540px; z-index: 15;\">5,028<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y647 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 540px; z-index: 15;\">5,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1c6 fs3c fc14 sc0 lsf0 wsff\" style=\"left: 69px; bottom: 525px; z-index: 15;\">Tier 1 re<span class=\"_ _2\"></span>stricted<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 525px; z-index: 15;\">802<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 525px; z-index: 15;\">1,164<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1c6 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 511px; z-index: 15;\">Tier<span class=\"_ _2\"></span> 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 511px; z-index: 15;\">1,254<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 511px; z-index: 15;\">1,524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1c6 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 496px; z-index: 15;\">Tier<span class=\"_ _2\"></span> 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 496px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 496px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1440 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1441 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1442 ff1c6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Own Funds <span class=\"lse0 wsef\">de</span><span class=\"wsf1\">creased<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">from EU<span class=\"_ _0\"></span>R 7,956 mil<span class=\"_ _0\"></span>lion at Q4 20<span class=\"_ _0\"></span>21 to EUR 7,1<span class=\"_ _2b\"></span>37 million at Q4 2022<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">explained</span> <span class=\"lse2 wsf1\">mainly<span class=\"_ _2\"></span></span> </span><span class=\"lse1\">by </span>capital t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions (inc<span class=\"_ _2b\"></span>l., the share buy </span></span></div>\n<div class=\"t m0 x7 h4f y1443 ff1c6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">back, the F<span class=\"_ _0\"></span>resh tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _0\"></span>ns and the inte<span class=\"_ _0\"></span>rim divid<span class=\"_ _2b\"></span>end payment)<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> </span><span class=\"wsef\">adverse<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">financial market movements (<span class=\"wsf1\">eq<span class=\"_ _2\"></span>uities, </span></span></span><span class=\"wsfa\">interest r<span class=\"_ _0\"></span>ates<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">and inf<span class=\"_ _0\"></span>lation<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">)<span class=\"_ _2\"></span>. <span class=\"lse1 ws11d\">This was </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1444 ff1c6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partiall<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>off<span class=\"_ _0\"></span>set by the inc<span class=\"_ _0\"></span>lusion of<span class=\"_ _0\"></span> AFLIC in the S<span class=\"_ _0\"></span>olvenc<span class=\"_ _0\"></span>y I<span class=\"lse2 ws103\">I scope and the sol<span class=\"_ _2\"></span>id operational capital genera<span class=\"_ _2\"></span>tion<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f y1445 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1446 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">N<span class=\"lse2 wsf1\">on</span>-<span class=\"lse0 wsf0\">transferable O<span class=\"_ _0\"></span>wn Funds re<span class=\"_ _0\"></span>late to thir<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>part<span class=\"_ _0\"></span>y interes<span class=\"_ _0\"></span>ts.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 375px; height: 731px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 375px; height: 731px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The composition<span class=\"_ _2\"></span> of the capital solvency re<span class=\"_ _2\"></span>quirements can be summarised<span class=\"_ _2\"></span> as follows:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y804 ff1ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1ca fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x2b3 h52 y601 ff1ca fs3c fc1f sc0 lse4 wsf4\" style=\"left: 554px; bottom: 1049px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2b3 h52 y601 ff1ca fs3c fc1f sc0 lse4 wsf4\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y5ff ff1ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5ff ff1ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5ff ff1ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1ca fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Market<span class=\"_ _2\"></span> <span class=\"ls109 ws12c\">Risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h52 y605 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 1019px; z-index: 15;\">4,263<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1019px; z-index: 15;\">5,000<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1ca fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Counterparty Default Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y603 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 1004px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y603 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1004px; z-index: 15;\">323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Life Underwriting Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 989px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 989px; z-index: 15;\">944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1ca fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Health Underwriting Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y603 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 974px; z-index: 15;\">322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y603 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 974px; z-index: 15;\">338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Life Underwriting Risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 959px; z-index: 15;\">966<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 959px; z-index: 15;\">875<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1ca fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Diversification between above mentioned risks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2c6 h52 y5f4 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 945px; z-index: 15;\">(2,001)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2c6 h52 y5f4 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 945px; z-index: 15;\">(1,673)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Non Diversifiable Risks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 930px; z-index: 15;\">575<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 930px; z-index: 15;\">552<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Loss<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Absorption through Technical Provisions<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2c6 h52 y60e ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 915px; z-index: 15;\">(1,922)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2c6 h52 y60e ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 915px; z-index: 15;\">(1,378)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Loss<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Absorption through Deferred Taxes<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2a2 h52 y5f9 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 900px; z-index: 15;\">(624)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f9 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 900px; z-index: 15;\">(755)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff1cc fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Group Required Capital und<span class=\"_ _2\"></span>er<span class=\"ls0 ws0\"> <span class=\"lse7 wsf8\">Part<span class=\"_ _0\"></span>ial Inte<span class=\"_ _0\"></span>rnal M<span class=\"_ _0\"></span>odel (SC<span class=\"_ _0\"></span>R) <span class=\"ls0 ws0\">- <span class=\"lsee ws166\">(unaudited)</span> </span></span></span></div>\n<div class=\"t m0 x49 h54 y60e ff1cc fs3c fc1f sc0 lse4 wsf4\" style=\"left: 608px; bottom: 885px; z-index: 15;\">3,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff1cc fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 885px; z-index: 15;\">4,226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff1ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff1ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1ca fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Impact of Non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Life Internal Model on Non<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">Life </span></span>Underwriting Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f7 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 855px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f7 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 855px; z-index: 15;\">226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1ca fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Impact of Non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Life Internal Model on Diversification and other risks<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h52 y5ff ff1ca fs3c fc14 sc0 lsed ws12d\" style=\"left: 614px; bottom: 841px; z-index: 15;\">(6<span class=\"ls0 ws0\">2) </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 841px; z-index: 15;\">(117)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1ca fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Impact of Non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Life Internal Model on Loss<span class=\"ls0 ws0\">-</span>Absorption through Deferred Taxes<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y601 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 826px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 826px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff1cc fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Group Required Capital under the SII Standard Formula <span class=\"ls0 ws0\">- </span><span class=\"ws166\">(unaudit<span class=\"_ _2\"></span>ed)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h54 y5ff ff1cc fs3c fc1f sc0 lse4 wsf4\" style=\"left: 608px; bottom: 811px; z-index: 15;\">3,<span class=\"ls0 ws0\">5</span>55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5ff ff1cc fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 811px; z-index: 15;\">4,347<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1448 ff1ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1449 ff1ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h6a y144a ff1cd fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">5<span class=\"ls10b ws12e\">.2</span> </div>\n<div class=\"t m0 x7 h6a y144b ff1cd fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Ageas capital management under Solvency<span class=\"ls0 ws0\"> <span class=\"ls13e ws165\">II </span>\u2013 </span></div>\n<div class=\"t m0 x7 h6a y144c ff1cd fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">SCR</div>\n<div class=\"t m0 x1f4 ha1 y144d ff1cd fs41 fcf sc0 ls13f ws167\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 xd6 h6a y144e ff1cd fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"ls112 ws133\">(Pillar 2 <span class=\"_ _2\"></span></span>- <span class=\"ls10c ws12f\">unau<span class=\"_ _2\"></span>dited)</span></div>\n<div class=\"t m0 x7 h4f y144f ff1ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas consi<span class=\"_ _2\"></span>ders a strong cap<span class=\"_ _2\"></span>ital base at th<span class=\"_ _2\"></span>e individual insuran<span class=\"_ _2\"></span>ce</div>\n<div class=\"t m0 x7 h4f y1450 ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ons a neces<span class=\"_ _0\"></span>sity, on the o<span class=\"_ _2b\"></span>ne hand as a competiti<span class=\"_ _0\"></span>ve adva<span class=\"_ _0\"></span>ntage and</div>\n<div class=\"t m0 x7 h4f y1451 ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the othe<span class=\"_ _0\"></span>r <span class=\"lse2 wsf1\">hand </span><span class=\"lse1\">as <span class=\"_ _2\"></span></span><span class=\"wsfa\">sol<span class=\"_ _0\"></span>id fundi<span class=\"_ _0\"></span>ng for<span class=\"ls0 ws0\"> </span><span class=\"lse2\">the planned grow<span class=\"_ _2\"></span>th.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1452 ff1ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1453 ff1ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For its <span class=\"_ _2\"></span>capital management Age<span class=\"_ _2\"></span>as uses an interna<span class=\"_ _2\"></span>l approach <span class=\"ws103\">based on<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1454 ff1ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the Partial<span class=\"_ _2\"></span> Internal Model w<span class=\"_ _2\"></span>ith an adjusted <span class=\"_ _2\"></span>spread risk, appl<span class=\"_ _2\"></span>ying an</div>\n<div class=\"t m0 x7 h4f y1455 ff1ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Internal M<span class=\"_ _2\"></span>odel fo<span class=\"ws103\">r Real Estate (as f<span class=\"_ _2\"></span>rom 2016),<span class=\"ls0 ws0\"> </span>the remova<span class=\"_ _2\"></span>l of transitional </span></div>\n<div class=\"t m0 x7 h4f y1456 ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>s (with th<span class=\"_ _0\"></span>e excepti<span class=\"_ _0\"></span>on of the gran<span class=\"_ _0\"></span>dfather<span class=\"_ _2b\"></span>ing of issued hybri<span class=\"_ _0\"></span>d debt</div>\n<div class=\"t m0 x7 h4f y1457 ff1ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the e<span class=\"_ _0\"></span>xtensi<span class=\"_ _0\"></span>on of rep<span class=\"_ _2b\"></span>orting deadline<span class=\"_ _2b\"></span>s)<span class=\"ls0 ws0\"> </span>and an adjustm<span class=\"_ _0\"></span>ent for<span class=\"_ _0\"></span> the fair</div>\n<div class=\"t m0 x7 h4f y1458 ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on of IAS19 re<span class=\"_ _2b\"></span>serves<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1459 ff1ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y145a ff1ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In this a<span class=\"_ _0\"></span>djustm<span class=\"_ _0\"></span>ent, spre<span class=\"_ _2b\"></span>ad risk is calc<span class=\"_ _0\"></span>ulated o<span class=\"_ _2b\"></span>n the fundame<span class=\"_ _0\"></span>ntal part<span class=\"_ _2b\"></span> of</div>\n<div class=\"t m0 x1a h4f y145b ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the spre<span class=\"_ _0\"></span>ad risk for all bo<span class=\"_ _0\"></span>nds. This i<span class=\"_ _0\"></span>ntroduc<span class=\"_ _0\"></span>es an SCR ch<span class=\"_ _0\"></span>arge for EU<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x1a h4f y145c ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and high rat<span class=\"_ _0\"></span>ed gover<span class=\"_ _0\"></span>nment bon<span class=\"_ _2b\"></span>ds and decreases t<span class=\"_ _0\"></span>he spread ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>cha<span class=\"_ _0\"></span>rge</div>\n<div class=\"t m0 x1a h4f y145d ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for all othe<span class=\"_ _0\"></span>r bonds. Tec<span class=\"_ _2b\"></span>hnical provisio<span class=\"_ _2b\"></span>ns are net present val<span class=\"_ _2b\"></span>ued using an</div>\n<div class=\"t m0 x1a h4f y145e ff1ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">interest cu<span class=\"_ _2\"></span>rve as pre<span class=\"lse0\">scribed b<span class=\"_ _0\"></span>y EIOPA<span class=\"_ _0\"></span>, but inst<span class=\"_ _2b\"></span>ead of using t<span class=\"_ _0\"></span>he stand<span class=\"_ _2b\"></span>ard </span></div>\n<div class=\"t m0 x1a h4f y145f ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity adjust<span class=\"_ _2b\"></span><span class=\"lse2 wsf1\">m<span class=\"_ _2\"></span>ent,<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">the companie<span class=\"_ _2\"></span>s apply a company <span class=\"_ _2\"></span>specific volatili<span class=\"_ _2\"></span>ty </span></span></div>\n<div class=\"t m0 x1a h4f y1460 ff1ca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span><span class=\"lse2 wsf1\">ment<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">or use an expecte<span class=\"_ _0\"></span>d loss model, b<span class=\"_ _0\"></span>ased on th<span class=\"_ _0\"></span>e composit<span class=\"_ _0\"></span>ion of </span></span></span></div>\n<div class=\"t m0 x1a h4f y1461 ff1ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their s<span class=\"_ _0\"></span>pecific <span class=\"_ _0\"></span>asset po<span class=\"_ _0\"></span>rtfoli<span class=\"_ _0\"></span>o. This S<span class=\"_ _0\"></span>CR is cal<span class=\"_ _0\"></span>led the <span class=\"_ _0\"></span>SCR</div>\n<div class=\"t m0 xde h64 y1462 ff1ca fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">age<span class=\"ls140 ws168\">as</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 533px; height: 573px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 533px; height: 573px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1cf fs3a fc14 sc0 lsfa ws136\" style=\"z-index: 15;\">The SCR</div>\n<div class=\"t m0 x28a h64 y146d ff1cf fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 x2cb h4f y79c ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse0 wsf0\">can be reconci<span class=\"_ _2b\"></span>led to the SCR Partia<span class=\"_ _0\"></span>l Interna<span class=\"_ _0\"></span>l Model as fo<span class=\"_ _0\"></span>llows:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y146e ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y5ff ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 548px; bottom: 1065px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y5ff ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 720px; bottom: 1065px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h54 y647 ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y647 ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y647 ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff1d1 fs3c fc1f sc0 lsef ws15f\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Group<span class=\"_ _2\"></span> Partial I<span class=\"_ _2\"></span>nternal <span class=\"_ _2\"></span>Model SCR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1035px; z-index: 15;\">3,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1035px; z-index: 15;\">4,226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Exclude impact General Accoun<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y608 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 1020px; z-index: 15;\">(79)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y608 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 1020px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1d1 fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Insura<span class=\"_ _2b\"></span>nce Partial <span class=\"_ _2b\"></span>Internal M<span class=\"_ _0\"></span>odel SC<span class=\"_ _2b\"></span>R<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1005px; z-index: 15;\">3,381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1005px; z-index: 15;\">4,125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Impact of Real Estate <span class=\"_ _0\"></span>Internal Model<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y608 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 990px; z-index: 15;\">(125)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y608 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 990px; z-index: 15;\">(184)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Additional Spread Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 975px; z-index: 15;\">3</div>\n<div class=\"t m0 x107 h52 y5f4 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 975px; z-index: 15;\">252<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Less Diversification<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 960px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f2 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 960px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Less adjustment Technical<span class=\"_ _0\"></span> Provision<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 945px; z-index: 15;\">3</div>\n<div class=\"t m0 x25f h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 945px; z-index: 15;\">(156)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1cf fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Less Deferred Tax Loss Mitigation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 xb8 h52 y5f9 ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 931px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h54 y60e ff1d1 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Insur<span class=\"_ _2\"></span>ance SCR</div>\n<div class=\"t m0 x2f ha2 y146f ff1d1 fs65 fc1f sc0 ls112 ws133\" style=\"left: 135px; bottom: 915px; z-index: 15;\">ageas</div>\n<div class=\"t m0 x2b3 h54 y60e ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 150px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x17 h54 y60e ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 916px; z-index: 15;\">3,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 916px; z-index: 15;\">4,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1470 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1471 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y5f9 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 548px; bottom: 869px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y5f9 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 720px; bottom: 869px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h54 y60e ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 853px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 853px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 853px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff1d1 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 838px; z-index: 15;\">Group E<span class=\"_ _2b\"></span>ligible Solve<span class=\"_ _2b\"></span>ncy II Own Fun<span class=\"_ _0\"></span>ds under<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Par<span class=\"_ _0\"></span>tial In<span class=\"_ _2b\"></span>ternal Model<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 838px; z-index: 15;\">7,137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 838px; z-index: 15;\">7,956<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 823px; z-index: 15;\">Exclusion of General Accoun<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 823px; z-index: 15;\">(103)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 823px; z-index: 15;\">(204)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 808px; z-index: 15;\">Revaluation of Technical Pro<span class=\"_ _0\"></span>vision<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 808px; z-index: 15;\">(127)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 808px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 794px; z-index: 15;\">Recognition of Parking Con<span class=\"_ _0\"></span>cessions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 794px; z-index: 15;\">499<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 794px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 779px; z-index: 15;\">Recalculation of Non Transfe<span class=\"_ _0\"></span>rable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 779px; z-index: 15;\">(171)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 779px; z-index: 15;\">(107)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff1d1 fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 764px; z-index: 15;\">Insura<span class=\"_ _2b\"></span>nce Eligible<span class=\"_ _2b\"></span> Solvency <span class=\"_ _0\"></span>II</div>\n<div class=\"t m0 x2d ha2 y1476 ff1d1 fs65 fc1f sc0 ls112 ws133\" style=\"left: 196px; bottom: 763px; z-index: 15;\">ageas</div>\n<div class=\"t m0 xd7 h54 y605 ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 214px; bottom: 764px; z-index: 15;\"> <span class=\"lsee ws101\">Own Funds</span> </div>\n<div class=\"t m0 x17 h54 y605 ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 764px; z-index: 15;\">7,235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 764px; z-index: 15;\">7,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1477 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1478 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1479 ff1cf fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce<span class=\"ls0 ws0\"> <span class=\"lsfa ws114\">SCR</span></span></div>\n<div class=\"t m0 x49 h64 y147a ff1cf fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 xd2 h4f y147b ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse0 wsef\">de<span class=\"lse2 ws103\">creased from EU<span class=\"_ _2\"></span>R </span>4,<span class=\"_ _0\"></span>033<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million</span> <span class=\"_ _2\"></span></span><span class=\"wsfa\">at Q<span class=\"_ _0\"></span>4 <span class=\"lse2 wsf1\">2021<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">to </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y147c ff1cf fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR <span class=\"lse2 ws103\">3,284<span class=\"_ _2\"></span> million<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">at Q4 </span></span><span class=\"wsf1\">2022<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">mainly explai<span class=\"_ _0\"></span>ned by<span class=\"ls0 ws0\"> </span>the fo<span class=\"_ _0\"></span>llowing d<span class=\"_ _0\"></span>rivers<span class=\"ls0 ws0\">: </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y147d ff1d2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1d3\"> <span class=\"_ _46\"> </span><span class=\"ff1d1 lse2 wsf1\">M<span class=\"_ _2\"></span>arket</span><span class=\"ff1d1\"> <span class=\"lsfc ws115\">risk<span class=\"_ _2\"></span></span><span class=\"ff1cf\"> <span class=\"lse2 wsf1\">de<span class=\"lse0 wsf0\">creased d<span class=\"_ _2b\"></span>ue to <span class=\"lse2 wsfa\">lo<span class=\"_ _2\"></span>wer equity and real<span class=\"_ _2\"></span> estate risk </span></span></span></span></span></span></div>\n<div class=\"t m0 x43 h4f y147e ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">(<span class=\"lse0 wsef\">reclassifi<span class=\"_ _0\"></span>cations<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">to long</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">term equities and i<span class=\"_ _2\"></span>mproved real estat<span class=\"_ _2\"></span>e </span></span></span></div>\n<div class=\"t m0 x43 h4f y147f ff1cf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">portfolio ri<span class=\"_ _2\"></span>sk profile) and financial mark<span class=\"_ _2\"></span>et moveme<span class=\"lsfc ws115\">nts<span class=\"ls0 ws0\">.</span></span><span class=\"wsf1\">(i<span class=\"_ _2\"></span>ncreased </span></div>\n<div class=\"t m0 x43 h4f y1480 ff1cf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rates <span class=\"_ _0\"></span>and low<span class=\"_ _0\"></span>er equit<span class=\"_ _0\"></span>y market<span class=\"_ _2b\"></span>s)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1481 ff1d2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1d3\"> <span class=\"_ _46\"> </span><span class=\"ff1d1 lsf3 wsf1\">Life and non</span><span class=\"ff1d1\">-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">life underwriting ri<span class=\"_ _2\"></span>sks</span><span class=\"ff1cf\"> <span class=\"lse2 wsf1\">increased <span class=\"lsfb wsfa\">m<span class=\"_ _2\"></span>ainly <span class=\"lse0\">due to</span></span></span> </span></span></span></div>\n<div class=\"t m0 x43 h4f y1482 ff1cf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">higher la<span class=\"_ _0\"></span>pserisk<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">(driven<span class=\"_ _2\"></span> by interest rate<span class=\"_ _2\"></span>s), higher non</span>-<span class=\"_ _2\"></span><span class=\"lse1 ws104\">life risk </span></span></div>\n<div class=\"t m0 x43 h4f y1483 ff1cf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">retenti<span class=\"_ _0\"></span>on in th<span class=\"_ _0\"></span>e reins<span class=\"_ _0\"></span>urance <span class=\"_ _0\"></span>program<span class=\"_ _0\"></span>, <span class=\"wsef\">and <span class=\"lse2 ws103\">the development of the </span></span></div>\n<div class=\"t m0 x43 h4f y1484 ff1cf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">new Agea<span class=\"lse1 ws11d\">s Re <span class=\"_ _2\"></span>business. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1485 ff1d2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1d3\"> <span class=\"_ _46\"> </span><span class=\"ff1cf lse0 wsfa\">These increas<span class=\"_ _0\"></span>es were <span class=\"_ _0\"></span><span class=\"wsef\">partial<span class=\"_ _0\"></span>ly<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">offset <span class=\"lse2 wsfa\">model c<span class=\"_ _2\"></span>hanges as well a<span class=\"_ _2\"></span>s <span class=\"lse1 wsf0\">by </span></span></span></span></span></span></span></div>\n<div class=\"t m0 x43 h4f y1486 ff1cf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the incre<span class=\"_ _0\"></span>ase in the Los<span class=\"_ _0\"></span>s Absorbi<span class=\"_ _0\"></span>ng Capaci<span class=\"_ _0\"></span>ty of Tech<span class=\"_ _0\"></span>nical</div>\n<div class=\"t m0 x43 h4f y1487 ff1cf fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Provi<span class=\"_ _2\"></span>sion<span class=\"ls0 ws0\">s.<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1488 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1489 ff1cf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Since 202<span class=\"_ _0\"></span>1, the <span class=\"lse2 wsfa\">Loss Absorbing Ca<span class=\"_ _2\"></span>pacity of Techni<span class=\"_ _2\"></span>cal Provisions<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y148a ff1cf fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">includes<span class=\"_ _0\"></span> <span class=\"wsf0\">the overfl<span class=\"_ _2b\"></span>ow account<span class=\"lse2 ws103\">. This overflow accoun<span class=\"_ _2\"></span>t was introduced in </span></span></div>\n<div class=\"t m0 x1a h4f y148b ff1cf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the mode<span class=\"_ _2b\"></span>lling framewo<span class=\"_ _0\"></span>rk to bett<span class=\"_ _2b\"></span>er reflect ho<span class=\"_ _0\"></span>w the fi<span class=\"_ _0\"></span>nancial <span class=\"_ _0\"></span>result i<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f y148c ff1cf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">managed in<span class=\"_ _2\"></span> going concern. The<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">prev<span class=\"_ _0\"></span>ious<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">model realize</span>d <span class=\"_ _2\"></span><span class=\"lse2 ws103\">capital gains </span></span></span></div>\n<div class=\"t m0 x1a h4f y148d ff1cf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and losses<span class=\"_ _0\"></span> in a way consis<span class=\"_ _0\"></span>tent wit<span class=\"_ _0\"></span>h Solvency II<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>cont<span class=\"_ _2b\"></span>ract boundarie<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f y148e ff1cf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">(run<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">off</span> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">view<span class=\"_ _2b\"></span>), which <span class=\"lsfb\">gave<span class=\"ls0 ws0\"> </span></span><span class=\"wsf0\">a distorted view of t<span class=\"_ _0\"></span>he future fi<span class=\"_ _2b\"></span>nancial margin </span></span></span></div>\n<div class=\"t m0 x1a h4f y148f ff1cf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">realized in going<span class=\"_ _2\"></span> concern<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1490 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1491 ff1cf fs3a fc14 sc0 lsfa ws136\" style=\"z-index: 15;\">The SCR<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">decreased de<span class=\"_ _2\"></span>spite the <span class=\"lse0 wsf0\">addition of <span class=\"wsfa\">AF<span class=\"_ _2b\"></span>LIC into the <span class=\"_ _0\"></span>Solvency<span class=\"_ _0\"></span> II </span></span></span></span></div>\n<div><br/></div>\n<div class=\"t m0 x1a h4f y1492 ff1cf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">scope<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x19f h52 y603 ff1cf fs3c fc1f sc0 ls109 ws12c\" style=\"left: 493px; bottom: 466px; z-index: 15;\">Own<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x153 h52 y638 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 451px; z-index: 15;\">Funds<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x152 h52 y638 ff1cf fs3c fc1f sc0 ls109 ws12c\" style=\"left: 548px; bottom: 451px; z-index: 15;\">SCR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 550px; bottom: 481px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f8 h52 y603 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 466px; z-index: 15;\">Solvency <span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x21f h52 y638 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 451px; z-index: 15;\">Ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y603 ff1cf fs3c fc1f sc0 ls109 ws12c\" style=\"left: 664px; bottom: 466px; z-index: 15;\">Own<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x153 h52 y638 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 658px; bottom: 451px; z-index: 15;\">Funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y638 ff1cf fs3c fc1f sc0 ls109 ws12c\" style=\"left: 720px; bottom: 451px; z-index: 15;\">SCR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 721px; bottom: 481px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f8 h52 y603 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 761px; bottom: 466px; z-index: 15;\">Solvency <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y638 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 451px; z-index: 15;\">Ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1493 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1494 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1495 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1496 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 481px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 466px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 567px; bottom: 466px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 739px; bottom: 466px; z-index: 15;\"> </div>\n<div class=\"t m0 x130 h52 y638 ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 453px; bottom: 451px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 511px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 420px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 489px; bottom: 420px; z-index: 15;\">5,261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 420px; z-index: 15;\">2,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 420px; z-index: 15;\">241.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 420px; z-index: 15;\">6,116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 717px; bottom: 420px; z-index: 15;\">2,884<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 420px; z-index: 15;\">212.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 406px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 489px; bottom: 406px; z-index: 15;\">1,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 406px; z-index: 15;\">979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 406px; z-index: 15;\">183.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 406px; z-index: 15;\">1,923<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 717px; bottom: 406px; z-index: 15;\">1,159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 406px; z-index: 15;\">165.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 391px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 391px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 391px; z-index: 15;\">441<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 391px; z-index: 15;\">205.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 667px; bottom: 391px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 391px; z-index: 15;\">405<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 391px; z-index: 15;\">223.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 376px; z-index: 15;\">General Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 376px; z-index: 15;\">731<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 376px; z-index: 15;\">232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 667px; bottom: 376px; z-index: 15;\">904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 376px; z-index: 15;\">211<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 361px; z-index: 15;\">Elimination / Diversification *<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 483px; bottom: 361px; z-index: 15;\">(1,355)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 361px; z-index: 15;\">(471)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 361px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 361px; z-index: 15;\">(1,713)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 361px; z-index: 15;\">(531)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 361px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 346px; z-index: 15;\">Total Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 489px; bottom: 346px; z-index: 15;\">7,337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 346px; z-index: 15;\">3,363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 346px; z-index: 15;\">218.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 660px; bottom: 346px; z-index: 15;\">8,135<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 717px; bottom: 346px; z-index: 15;\">4,128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 346px; z-index: 15;\">197.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y14a1 ff1d4 fs3f fc14 sc0 ls141 ws169\" style=\"z-index: 15;\">(*)<span class=\"ls0 ws0\"> <span class=\"_ _8\"> </span><span class=\"lsf1 ws107\">Includes India (AFLIC) since Q4 2022</span> </span></div>\n<div class=\"t m0 x7 h4f y14a2 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y14a3 ff1cf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The Target <span class=\"lse0 wsf0\">capital rati<span class=\"_ _0\"></span>o is set at 175%<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>base<span class=\"_ _0\"></span>d on S<span class=\"lsfa ws114\">CR</span></span></div>\n<div class=\"t m0 x26 h64 y14a4 ff1cf fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 288px; height: 818px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 288px; height: 818px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">R<span class=\"_ _2b\"></span>emuneration<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and benefits</div>\n\n<div class=\"t m0 x7 h6a y724 ff1d7 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">6<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x7 h6a ydeb ff1d7 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Employe<span class=\"ls10e ws131\">e benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h63 ydec ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">This note covers post<span class=\"ls0 ws0\">-</span><span class=\"ws112\">employment </span></div>\n<div class=\"t m0 x7 h63 yded ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">benefits, other long<span class=\"ls0 ws0\">-<span class=\"lsf6\">term employee </span></span></div>\n<div class=\"t m0 x7 h63 ydee ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">benefits and termination benefits.</div>\n<div class=\"t m0 x7 h63 ydef ff1d8 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">Post<span class=\"ls0 ws0\">-</span><span class=\"ws10f\">employment benefits are<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h63 ydf0 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">employee benefits, such <span class=\"_ _0\"></span>as</div>\n<div class=\"t m0 x7 h63 ydf1 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">pensions and post<span class=\"ls0 ws0\">-</span><span class=\"ws112\">employment </span></div>\n<div class=\"t m0 x7 h63 ydf2 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">medical care, which are payab<span class=\"_ _0\"></span>le</div>\n<div class=\"t m0 x7 h63 ydf3 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">after the end of employme<span class=\"ws16a\">nt. Other </span></div>\n<div class=\"t m0 x7 h63 ydf4 ff1d8 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">long<span class=\"ls0 ws0\">-<span class=\"lsf6\">term employee benefits are </span></span></div>\n<div class=\"t m0 x7 h63 ydf5 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">employee benefits that are not</div>\n<div class=\"t m0 x7 h63 ydf6 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(fully) due within twelve months of</div>\n<div class=\"t m0 x7 h63 y14a8 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">the period in which the emp<span class=\"_ _0\"></span>loyees</div>\n<div class=\"t m0 x7 h63 y14a9 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">rendered the related service<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h63 y14aa ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">including long<span class=\"ls0 ws0\">-<span class=\"lsf6 ws113\">service awards and </span></span></div>\n<div class=\"t m0 x7 h63 y14ab ff1d8 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">long<span class=\"ls0 ws0\">-<span class=\"lsf6\">term disability benefits. </span></span></div>\n<div class=\"t m0 x7 h63 y14ac ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Termination benefi<span class=\"lsf6 ws0\">ts are employee </span></div>\n<div class=\"t m0 x7 h63 y14ad ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">benefits payable as a resu<span class=\"_ _0\"></span>lt of the</div>\n<div class=\"t m0 x7 h63 y14ae ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">premature end of the employee\u2019s</div>\n<div class=\"t m0 x7 h63 y14af ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">employment contract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below shows<span class=\"_ _0\"></span> an overvi<span class=\"_ _0\"></span>ew of all the em<span class=\"_ _0\"></span>ployee b<span class=\"_ _0\"></span>enefits<span class=\"_ _0\"></span>\u2019 liabilit<span class=\"_ _0\"></span>ies (ass<span class=\"_ _0\"></span>ets) at Age<span class=\"_ _0\"></span>as.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y725 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1d5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y605 ff1d5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 668px; bottom: 801px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y605 ff1d5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 801px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff1d5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 785px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y632 ff1d9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 688px; bottom: 785px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y632 ff1d9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 785px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1d5 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 770px; z-index: 15;\">Post<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse4 wsf3\">employmen<span class=\"_ _0\"></span>t benefits <span class=\"ls0 ws0\">- </span>defined benefit plans <span class=\"ls0 ws0\">- </span><span class=\"wsf4\">pensions<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x43 h52 y5f2 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 770px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y5f2 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 770px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 755px; z-index: 15;\">Other post<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">employment benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 755px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 755px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1d5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Other long<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">term employee benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y5f9 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 741px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 741px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 726px; z-index: 15;\">Termination benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y60e ff1d5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 726px; z-index: 15;\">5</div>\n<div class=\"t m0 x1f4 h52 y60e ff1d5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 789px; bottom: 726px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h54 y5fc ff1da fs3c fc1f sc0 lse7 wsf8\" style=\"left: 324px; bottom: 711px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t defi<span class=\"_ _0\"></span>ned ben<span class=\"_ _2b\"></span>efits liabili<span class=\"_ _0\"></span>ties (ass<span class=\"_ _2b\"></span>ets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5fc ff1da fs3c fc1f sc0 lse4 wsf4\" style=\"left: 672px; bottom: 711px; z-index: 15;\">631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5fc ff1da fs3c fc1f sc0 lse4 wsf4\" style=\"left: 779px; bottom: 711px; z-index: 15;\">886<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14b7 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14b8 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14b9 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Liabilit<span class=\"_ _2b\"></span>ies and related serv<span class=\"_ _2b\"></span>ice cost are <span class=\"lse2 wsfa\">calculated a<span class=\"_ _2\"></span>ccording to the Proj<span class=\"_ _2\"></span>ected Unit Credi<span class=\"_ _2\"></span>t Method. The </span></div>\n<div class=\"t m0 x26 h4f y14ba ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve of th<span class=\"_ _0\"></span>is metho<span class=\"_ _0\"></span>d is to ex<span class=\"_ _0\"></span>pense e<span class=\"_ _0\"></span>ach part<span class=\"_ _2b\"></span>icipant\u2019s benef<span class=\"_ _2b\"></span>its as they wo<span class=\"_ _0\"></span>uld accr<span class=\"_ _2b\"></span>ue taking int<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x26 h4f y14bb ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account f<span class=\"_ _0\"></span>uture com<span class=\"_ _2b\"></span>pensation incre<span class=\"_ _2b\"></span>ases and the plan\u2019s b<span class=\"_ _0\"></span>enefit al<span class=\"_ _0\"></span>locatio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>prin<span class=\"_ _0\"></span>ciples.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14bc ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14bd ff1d5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">defined benef<span class=\"_ _2b\"></span>it obligation is t<span class=\"_ _0\"></span>he net prese<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue of the parti<span class=\"_ _0\"></span>cipant<span class=\"_ _0\"></span>\u2019s attri<span class=\"_ _0\"></span>buted ben<span class=\"_ _0\"></span>efits </span></div>\n<div class=\"t m0 x26 h4f y14be ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at the repo<span class=\"_ _0\"></span>rting dat<span class=\"_ _0\"></span>e. The cur<span class=\"_ _0\"></span>rent serv<span class=\"_ _0\"></span>ice cost is the n<span class=\"_ _2b\"></span>et present value of th<span class=\"_ _0\"></span>e partici<span class=\"_ _0\"></span>pant\u2019s</div>\n<div class=\"t m0 x26 h4f y14bf ff1d5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefits attri<span class=\"_ _2\"></span>buted to service during the ye<span class=\"_ _2\"></span>ar.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14c0 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14c1 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The pensi<span class=\"_ _2b\"></span>on<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">cost<span class=\"_ _0\"></span> includ<span class=\"_ _2b\"></span>es net interes<span class=\"_ _0\"></span>t expens<span class=\"_ _0\"></span>e, calc<span class=\"_ _0\"></span>ulated by <span class=\"_ _2b\"></span>applying the <span class=\"_ _0\"></span>discount<span class=\"_ _0\"></span> rate to t<span class=\"_ _2b\"></span>he net </span></div>\n<div class=\"t m0 x26 h4f y14c2 ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">pension <span class=\"_ _0\"></span>liabil<span class=\"_ _0\"></span>ity. The d<span class=\"_ _2b\"></span>iscount rate i<span class=\"_ _0\"></span>s a high<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">quality corporate bond rate<span class=\"_ _2\"></span> where there is an active </span></span></div>\n<div class=\"t m0 x26 h4f y14c3 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market in suc<span class=\"_ _2b\"></span>h bonds, and a gover<span class=\"_ _0\"></span>nment bond r<span class=\"_ _0\"></span>ate in othe<span class=\"_ _0\"></span>r markets.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14c4 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14c5 ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Some ass<span class=\"_ _2b\"></span>ets might be r<span class=\"_ _0\"></span>estricte<span class=\"_ _2b\"></span>d to their reco<span class=\"_ _2b\"></span>verable amount<span class=\"_ _0\"></span> in the f<span class=\"_ _2b\"></span>orm of a reduct<span class=\"_ _0\"></span>ion in f<span class=\"_ _0\"></span>uture</div>\n<div class=\"t m0 x26 h4f y14c6 ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contri<span class=\"_ _0\"></span>butions o<span class=\"_ _2b\"></span>r a cash refund <span class=\"_ _0\"></span>(asset c<span class=\"_ _2b\"></span>eiling). Addit<span class=\"_ _0\"></span>ionally<span class=\"_ _2b\"></span>, there might b<span class=\"_ _0\"></span>e recogn<span class=\"_ _0\"></span>ition of a<span class=\"_ _2b\"></span> liability</div>\n<div class=\"t m0 x26 h4f y14c7 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">from a mini<span class=\"_ _0\"></span>mum fundi<span class=\"_ _2b\"></span>ng requirement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14c8 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14c9 ff1d5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The recogni<span class=\"_ _2\"></span>tion of actuarial g<span class=\"_ _2\"></span>ains and losses <span class=\"_ _2\"></span>for post<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">employment b<span class=\"_ _2b\"></span>enefits occurs in ot<span class=\"_ _2b\"></span>her </span></span></div>\n<div class=\"t m0 x26 h4f y14ca ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income, wh<span class=\"_ _0\"></span>ereas thos<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>for ot<span class=\"_ _2b\"></span>her long<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">term employee<span class=\"_ _2\"></span> benefits and termination </span></span></div>\n<div class=\"t m0 x26 h4f y14cb ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s occur <span class=\"_ _0\"></span>in the inc<span class=\"_ _2b\"></span>ome stateme<span class=\"lse2 wsf1\">nt.</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 370px; height: 471px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 370px; height: 591px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 370px; height: 591px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 370px; height: 591px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1dd fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.1.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Pos<span class=\"_ _2\"></span>t</span>-<span class=\"lse0 wsf0\">employ<span class=\"_ _2b\"></span>ment benefits<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yd13 ff1df fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Defined be<span class=\"_ _2b\"></span>nefit pension pl<span class=\"_ _0\"></span>ans and othe<span class=\"_ _0\"></span>r post<span class=\"ls0 ws0\">-</span>empl<span class=\"_ _0\"></span>oyment be<span class=\"_ _0\"></span>nefits<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd14 ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas opera<span class=\"_ _2\"></span>tes defined benefi<span class=\"_ _2\"></span>t pension plans c<span class=\"_ _2\"></span>overing the majori<span class=\"_ _2\"></span>ty of</div>\n<div class=\"t m0 x7 h4f yd15 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">its employ<span class=\"_ _2b\"></span>ees. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd16 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc7b ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under defined<span class=\"_ _2\"></span> benefit pension <span class=\"_ _2\"></span>plans, benefits are<span class=\"_ _2\"></span> calculated based<span class=\"_ _2\"></span> on</div>\n<div class=\"t m0 x7 h4f yd17 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">years of se<span class=\"_ _0\"></span>rvice and lev<span class=\"_ _2b\"></span>el of salary. Pensi<span class=\"_ _0\"></span>on obligat<span class=\"_ _0\"></span>ions are d<span class=\"_ _0\"></span>etermin<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f yd18 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the basis of<span class=\"_ _0\"></span> mortalit<span class=\"_ _0\"></span>y <span class=\"lse2 wsfa\">tables, empl<span class=\"_ _2\"></span>oyee turnover, wage <span class=\"_ _2\"></span>drift and </span></div>\n<div class=\"t m0 x7 h4f yd19 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">economic<span class=\"_ _0\"></span> assum<span class=\"_ _2b\"></span>ptions such as i<span class=\"_ _0\"></span>nflatio<span class=\"_ _0\"></span>n and dis<span class=\"_ _0\"></span>count <span class=\"_ _0\"></span>rate. Dis<span class=\"_ _0\"></span>count</div>\n<div class=\"t m0 x7 h4f y8cd ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rates ar<span class=\"_ _2b\"></span>e set per count<span class=\"_ _0\"></span>ry or re<span class=\"_ _0\"></span>gion on t<span class=\"_ _0\"></span>he basis <span class=\"_ _2b\"></span>of the yield (at <span class=\"_ _0\"></span>closing</div>\n<div class=\"t m0 x7 h4f y8ce ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date) of<span class=\"_ _0\"></span> corpor<span class=\"_ _0\"></span>ate AA bo<span class=\"_ _2b\"></span>nds. These defi<span class=\"_ _2b\"></span>ned benefit pl<span class=\"_ _0\"></span>ans exp<span class=\"_ _0\"></span>ose the</div>\n<div class=\"t m0 x7 h4f y882 ff1dd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Group<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">to actuarial<span class=\"_ _0\"></span> risks, s<span class=\"_ _2b\"></span>uch as longevi<span class=\"_ _2b\"></span>ty, currency,<span class=\"_ _0\"></span> interest<span class=\"_ _0\"></span> rate a<span class=\"_ _0\"></span>nd </span></span></div>\n<div class=\"t m0 x7 h4f y883 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market ris<span class=\"_ _2b\"></span>k.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y884 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y885 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on to pensi<span class=\"_ _0\"></span>ons, post<span class=\"ls0 ws0\">-</span>emp<span class=\"_ _2b\"></span>loyment benefits<span class=\"_ _0\"></span> may also inc<span class=\"_ _0\"></span>lude</div>\n<div class=\"t m0 x7 h4f y886 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">other ex<span class=\"_ _0\"></span>penses suc<span class=\"_ _0\"></span>h as reimbu<span class=\"_ _0\"></span>rsement<span class=\"_ _0\"></span> of part of healt<span class=\"_ _2b\"></span>h insurance</div>\n<div class=\"t m0 x7 h4f y8cf ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms, which<span class=\"_ _0\"></span> continue t<span class=\"_ _0\"></span>o be granted to e<span class=\"_ _2b\"></span>mployees after ret<span class=\"_ _0\"></span>ireme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y888 ff1df fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Defined c<span class=\"_ _2b\"></span>ontributio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y889 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ope<span class=\"_ _0\"></span>rates a num<span class=\"_ _2b\"></span>ber of defined contr<span class=\"_ _2b\"></span>ibution plans worl<span class=\"_ _2b\"></span>dwide. The</div>\n<div class=\"t m0 x7 h4f y88a ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">employe<span class=\"_ _2b\"></span>r\u2019s commitment<span class=\"_ _0\"></span> to a def<span class=\"_ _0\"></span>ined cont<span class=\"_ _2b\"></span>ribution pla<span class=\"_ _0\"></span>n is limit<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y88b ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span> of cont<span class=\"_ _0\"></span>ributio<span class=\"_ _2b\"></span>ns calculated <span class=\"_ _0\"></span>in accord<span class=\"_ _0\"></span>ance wit<span class=\"_ _2b\"></span>h the pl<span class=\"lse2 wsf1\">an\u2019s </span></div>\n<div class=\"t m0 x7 h4f y88c ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ions. E<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>r contri<span class=\"_ _0\"></span>butions t<span class=\"_ _2b\"></span>o defined cont<span class=\"_ _2b\"></span>ribution plan<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y88d ff1dd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amounte<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span><span class=\"lsfc ws0\">to EUR<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span>9 <span class=\"lse2 wsfa\">million in 20<span class=\"_ _2\"></span>22 (2021: EUR <span class=\"wsf1\">11 <span class=\"_ _2\"></span></span>million) and<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">are<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y88e ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in staff<span class=\"_ _0\"></span> expens<span class=\"_ _2b\"></span>es (see note <span class=\"lse2 wsf1\">40</span><span class=\"wsef\">).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88f ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y890 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In Belgi<span class=\"_ _0\"></span>um, Age<span class=\"_ _2b\"></span>as has defined c<span class=\"_ _2b\"></span>ontribution p<span class=\"_ _2b\"></span>lans in accord<span class=\"_ _0\"></span>ance wit<span class=\"_ _2b\"></span>h the</div>\n<div class=\"t m0 x7 h4f y891 ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Law o<span class=\"ws103\">f 28 April<span class=\"_ _2\"></span> 2003 regarding occupational<span class=\"_ _2\"></span> pensions (WAP/LPC </span></div>\n<div class=\"t m0 x1a h4f y14d9 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">plans).<span class=\"_ _0\"></span> These p<span class=\"_ _0\"></span>lans com<span class=\"_ _0\"></span>mit the <span class=\"_ _0\"></span>employ<span class=\"_ _0\"></span>er to th<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nt of</div>\n<div class=\"t m0 x1a h4f y14da ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contri<span class=\"_ _0\"></span>butions as<span class=\"_ _0\"></span> the plan\u2019s te<span class=\"_ _0\"></span>rms prov<span class=\"_ _0\"></span>ide, and to gu<span class=\"_ _0\"></span>arantee a mi<span class=\"_ _0\"></span>nimum</div>\n<div class=\"t m0 x1a h4f y14db ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">return l<span class=\"_ _0\"></span>inked t<span class=\"_ _0\"></span>o Belgia<span class=\"_ _2b\"></span>n government b<span class=\"_ _0\"></span>onds yiel<span class=\"_ _2b\"></span>ds, subject t<span class=\"_ _0\"></span>o a floor <span class=\"_ _0\"></span>of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14dc ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">1.75% a<span class=\"_ _0\"></span>nd a cap <span class=\"_ _0\"></span>of 3.75%.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14dd ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y14de ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The law of<span class=\"_ _0\"></span> 18 Dec<span class=\"_ _0\"></span>ember 2<span class=\"_ _0\"></span>015 to e<span class=\"_ _0\"></span>nsure th<span class=\"_ _0\"></span>e sustai<span class=\"_ _2b\"></span>nability and so<span class=\"_ _2b\"></span>cial</div>\n<div class=\"t m0 x1a h4f y14df ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">nature of<span class=\"_ _0\"></span> occup<span class=\"_ _0\"></span>ational <span class=\"_ _2b\"></span>pensions, and t<span class=\"_ _2b\"></span>o ensure the st<span class=\"_ _0\"></span>rengthe<span class=\"_ _0\"></span>ning of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y14e0 ff1dd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">additional cha<span class=\"_ _2\"></span>racter relative to the retir<span class=\"_ _2\"></span>ement pensions, modifie<span class=\"_ _2\"></span>s the</div>\n<div class=\"t m0 x1a h4f y14e1 ff1dd fs3a fc14 sc0 lsf4 ws114\" style=\"z-index: 15;\">commitment of the<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">employer to thes<span class=\"_ _0\"></span>e plans. As of<span class=\"_ _0\"></span> 1<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">January 2016<span class=\"_ _2\"></span>, the </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y14e2 ff1dd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">interest rate<span class=\"_ _2\"></span> guaranteed by the employer i<span class=\"_ _2\"></span>s equal to a percentage (equal<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y14e3 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to 65%) of the av<span class=\"_ _2b\"></span>erage return on th<span class=\"_ _0\"></span>e Belgian l<span class=\"_ _0\"></span>inear bon<span class=\"_ _0\"></span>ds with a ter<span class=\"_ _0\"></span>m of</div>\n<div class=\"t m0 x1a h4f y14e4 ff1dd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">10<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">years over t<span class=\"_ _0\"></span>he 24 months<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>prec<span class=\"_ _2b\"></span>eding to 1<span class=\"ls0 ws0\"> </span>June. This rat<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> <span class=\"ls106 ws115\">will take </span></span></span></div>\n<div class=\"t m0 x1a h4f y14e5 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">effect on 1<span class=\"ls0 ws0\"> </span>Ja<span class=\"_ _0\"></span>nuary of the fo<span class=\"_ _2b\"></span>llowing year. This c<span class=\"_ _0\"></span>alculat<span class=\"_ _2b\"></span>ion results in a</div>\n<div class=\"t m0 x1a h4f y14e6 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">guarant<span class=\"_ _0\"></span>eed int<span class=\"_ _0\"></span>erest<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">rate of<span class=\"_ _0\"></span> 1.75% on 1<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">January 2022 (1<span class=\"_ _2\"></span>.75% on 1 </span></span></span></div>\n<div class=\"t m0 x1a h4f y14e7 ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2021)<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14e8 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y14e9 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Because of<span class=\"_ _0\"></span> these mi<span class=\"_ _0\"></span>nimum ret<span class=\"_ _0\"></span>urn guara<span class=\"_ _0\"></span>ntees, WA<span class=\"_ _2b\"></span>P/LPC plans do not</div>\n<div class=\"t m0 x1a h4f y14ea ff1dd fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">meet, in a strict sense, th<span class=\"lse0 wsf0\">e definit<span class=\"_ _0\"></span>ion of defi<span class=\"_ _2b\"></span>ned contributio<span class=\"_ _0\"></span>n plans of IA<span class=\"_ _0\"></span>S </span></div>\n<div class=\"t m0 x1a h4f y14eb ff1dd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">19. Although IAS<span class=\"_ _2\"></span> 19 does not address the account<span class=\"_ _2\"></span>ing for hybrid plans,</div>\n<div class=\"t m0 x1a h4f y14ec ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the law cha<span class=\"_ _0\"></span>nge as at 1<span class=\"ls0 ws0\"> </span>Januar<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>16 facilit<span class=\"_ _0\"></span>ated acc<span class=\"_ _0\"></span>ounting f<span class=\"_ _0\"></span>or those</div>\n<div class=\"t m0 x1a h4f y14ed ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">plans appl<span class=\"_ _2\"></span>ying the Projected<span class=\"_ _2\"></span> Unit Credit Method<span class=\"_ _2\"></span>. Accordingly, Agea<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14ee ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">has estim<span class=\"_ _2b\"></span>ated the defined obl<span class=\"_ _2b\"></span>igation liabil<span class=\"_ _0\"></span>ities as of 1<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">January</span> <span class=\"lse2 wsf1\">2016 </span></span></div>\n<div class=\"t m0 x1a h4f y14ef ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">under IAS<span class=\"_ _2\"></span> 19.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14f0 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y14f1 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of the a<span class=\"_ _0\"></span>mounts s<span class=\"_ _0\"></span>hown in t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y14f2 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition as at 3<span class=\"_ _0\"></span>1 Decemb<span class=\"_ _0\"></span>er, regar<span class=\"_ _0\"></span>ding defin<span class=\"_ _0\"></span>ed</div>\n<div><br/></div>\n<div class=\"t m0 x1a h4f y14f3 ff1dd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefi<span class=\"lse0 wsf0\">t pension obl<span class=\"_ _0\"></span>igations a<span class=\"_ _2b\"></span>nd other post<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">employment be<span class=\"_ _2\"></span>nefits.</span></span></span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 520px; bottom: 579px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y605 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 565px; bottom: 608px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5f4 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 570px; bottom: 593px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 579px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 579px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y605 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 608px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 714px; bottom: 593px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 579px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y14f4 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y14f5 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Present value of funde<span class=\"_ _0\"></span>d obligations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 548px; z-index: 15;\">190<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 548px; z-index: 15;\">294<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Present value of unfun<span class=\"_ _0\"></span>ded obligations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 533px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 533px; z-index: 15;\">785<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 533px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 533px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff1e0 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 518px; z-index: 15;\">Define<span class=\"_ _2b\"></span>d benefit obli<span class=\"_ _2b\"></span>gation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 518px; z-index: 15;\">750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 518px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 518px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 518px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 504px; z-index: 15;\">Fair value of plan as<span class=\"_ _0\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 504px; z-index: 15;\">(238)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 504px; z-index: 15;\">(363)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff1e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 489px; z-index: 15;\">512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 489px; z-index: 15;\">716<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 489px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 489px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 474px; z-index: 15;\">Asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 474px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 474px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1dd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 459px; z-index: 15;\">Other amounts recognised in the statement of financial position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 459px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 459px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff1e0 fs3c fc1f sc0 lsf0 wsff\" style=\"left: 69px; bottom: 444px; z-index: 15;\">Net defin<span class=\"_ _2\"></span>ed benefit <span class=\"lse4 wsf6\">liabilities (assets)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 444px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 444px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 444px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 444px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1dd fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 414px; z-index: 15;\">Amounts in the statement of financial position:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 400px; z-index: 15;\">Defined benefit liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 400px; z-index: 15;\">576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 400px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 400px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 400px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 385px; z-index: 15;\">Defined benefit assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 385px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 385px; z-index: 15;\">(81)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 385px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 385px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 370px; z-index: 15;\">Net defined benefit liabilities (assets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 370px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 370px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 370px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 370px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 359px; height: 747px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 359px; height: 747px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 359px; height: 747px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 359px; height: 747px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Defined be<span class=\"_ _2b\"></span>nefit liabiliti<span class=\"_ _0\"></span>es are class<span class=\"_ _0\"></span>ified un<span class=\"_ _0\"></span>der accru<span class=\"_ _2b\"></span>ed interest and oth<span class=\"_ _0\"></span>er</div>\n<div class=\"t m0 x7 h4f y803 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies (see note 24) and def<span class=\"_ _0\"></span>ined ben<span class=\"_ _0\"></span>efit asset<span class=\"_ _0\"></span>s are class<span class=\"_ _2b\"></span>ified under</div>\n<div class=\"t m0 x7 h4f y804 ff1e2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">accrued interes<span class=\"_ _2\"></span>t and other assets (see note<span class=\"_ _2\"></span> 15).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y806 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">As Ageas i<span class=\"_ _2\"></span>s a financial <span class=\"_ _2\"></span>i<span class=\"ws103\">nstitution specialising<span class=\"_ _2\"></span> in the management of </span></div>\n<div class=\"t m0 x7 h4f y807 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">employee bene<span class=\"_ _2\"></span>fits, some of it<span class=\"_ _2\"></span>s employees\u2019 pension<span class=\"_ _2\"></span> plans are insured<span class=\"_ _2\"></span> by</div>\n<div class=\"t m0 x7 h4f y808 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ins<span class=\"_ _2b\"></span>urance compani<span class=\"_ _0\"></span>es. Under IF<span class=\"_ _0\"></span>RS, the ass<span class=\"_ _0\"></span>ets backi<span class=\"_ _2b\"></span>ng <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>ese</div>\n<div class=\"t m0 x7 h4f y809 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension p<span class=\"_ _0\"></span>lans are no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-</span>qualify<span class=\"_ _0\"></span>ing and co<span class=\"_ _0\"></span>nseque<span class=\"_ _0\"></span>ntly may not<span class=\"_ _0\"></span> be</div>\n<div class=\"t m0 x1a h4f y1506 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">considered p<span class=\"_ _2\"></span>lan<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">assets.<span class=\"_ _0\"></span> For this re<span class=\"_ _0\"></span>ason, thes<span class=\"_ _2b\"></span>e plans are classifi<span class=\"_ _2b\"></span>ed as </span></span></div>\n<div class=\"t m0 x1a h4f y1507 ff1e2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">\u2018unfunded\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc3d ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc3e ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">From an ec<span class=\"_ _0\"></span>onomic poi<span class=\"_ _0\"></span>nt of view, th<span class=\"_ _0\"></span>e net defi<span class=\"_ _0\"></span>ned liabili<span class=\"_ _0\"></span>ty is offset<span class=\"_ _0\"></span> by the</div>\n<div class=\"t m0 x1a h4f yc3f ff1e2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">qualifying <span class=\"_ _0\"></span>plan ass<span class=\"_ _0\"></span>ets that<span class=\"_ _0\"></span> are hel<span class=\"_ _2b\"></span>d within Ageas <span class=\"_ _0\"></span>(2022: E<span class=\"_ _0\"></span>UR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">543 </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yc40 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million; 20<span class=\"_ _2\"></span>21: EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">544<span class=\"ls0 ws0\"> </span></span>m<span class=\"_ _2\"></span>illion), resulting <span class=\"ls106 ws10c\">in a net liability<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">(asset)</span> </span><span class=\"lsf4\">of </span></span></div>\n<div class=\"t m0 x1a h4f yc41 ff1e2 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">(19)<span class=\"_ _2\"></span></span> <span class=\"lse2 ws103\">million in 2022 (2021<span class=\"_ _2\"></span>: EUR</span> <span class=\"lse0 wsf0\">184 milli<span class=\"_ _0\"></span>on) for def<span class=\"_ _0\"></span>ined benef<span class=\"_ _2b\"></span>it </span></span></div>\n<div class=\"t m0 x1a h4f yc42 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension o<span class=\"_ _0\"></span>bligati<span class=\"_ _2b\"></span>ons.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc43 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc44 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yc45 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The follo<span class=\"_ _0\"></span>wing tabl<span class=\"_ _0\"></span>e reflects<span class=\"_ _0\"></span> the chang<span class=\"_ _2b\"></span>es in net defined ben<span class=\"_ _0\"></span>efit liab<span class=\"_ _0\"></span>ilities (<span class=\"_ _0\"></span>assets) as<span class=\"_ _0\"></span> <span class=\"lse2 ws103\">recognised<span class=\"_ _2\"></span> in the statement of financial<span class=\"_ _2\"></span> position.<span class=\"ls0 ws0\"> </span></span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 878px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 562px; bottom: 907px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y608 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 893px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 878px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 878px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x247 h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 907px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y608 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 713px; bottom: 893px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 878px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc46 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff1e4 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 907px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 893px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 878px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 847px; z-index: 15;\">Net defined benefit liabilities<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">(assets) as at 1 January<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 847px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 847px; z-index: 15;\">825<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 847px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 847px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 833px; z-index: 15;\">Total defined benefit e<span class=\"_ _0\"></span>xpense <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 833px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 833px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 833px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 833px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 818px; z-index: 15;\">Employer's contributions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 526px; bottom: 818px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 818px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 818px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 818px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 803px; z-index: 15;\">Participants' contributions paid<span class=\"_ _0\"></span> to the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 803px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 803px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 803px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 803px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 788px; z-index: 15;\">Benefits directly paid by <span class=\"_ _0\"></span>the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 788px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 788px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 788px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 788px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 773px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y656 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 773px; z-index: 15;\">1</div>\n<div class=\"t m0 x2f h52 y656 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 773px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y656 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y656 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 758px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 758px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 758px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 758px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 758px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 743px; z-index: 15;\">Remeasurement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 743px; z-index: 15;\">(213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 743px; z-index: 15;\">(113)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 743px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 743px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 729px; z-index: 15;\">Net defined benefit liabilities<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">(assets) as at 31 Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 729px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 729px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 729px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 729px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1515 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1516 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y1517 ff1e2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> shows the changes in the defined<span class=\"_ _2\"></span> benefit obligation.<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 620px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 562px; bottom: 650px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y647 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 635px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 620px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 620px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x247 h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 650px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y647 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 713px; bottom: 635px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 620px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1518 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 635px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 536px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 709px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff1e4 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Define<span class=\"_ _2b\"></span>d benefit obli<span class=\"_ _2b\"></span>gation<span class=\"ls0 ws0\"> <span class=\"lse4 wsf3\">as at 1 January</span> </span></div>\n<div class=\"t m0 x1a6 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 514px; bottom: 590px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 590px; z-index: 15;\">1,169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 590px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 590px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 575px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 575px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y605 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 575px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y605 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 575px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y603 ff1e2 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st cost<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 560px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y603 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 560px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h52 y603 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 560px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y603 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 560px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y638 ff1e2 fs3c fc14 sc0 lse5 ws15d\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Past servi<span class=\"_ _0\"></span>ce cost <span class=\"ls0 ws0\">- <span class=\"lse4 wsf3\">vested and non</span>-<span class=\"lse4 wsf3\">vested benefits</span> </span></div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Remeasurement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 530px; z-index: 15;\">(320)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 530px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 530px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 530px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Participants' contributions paid<span class=\"_ _0\"></span> to the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 516px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 516px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 501px; z-index: 15;\">Benefits paid<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 501px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 501px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 501px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 501px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 486px; z-index: 15;\">Benefits directly paid by <span class=\"_ _0\"></span>the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 486px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 486px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 486px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 486px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 471px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 471px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 471px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y656 ff1e4 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 456px; z-index: 15;\">Define<span class=\"_ _2b\"></span>d benefit obli<span class=\"_ _2b\"></span>gation<span class=\"ls0 ws0\"> <span class=\"lse4 wsf3\">as at 31 December</span> </span></div>\n<div class=\"t m0 x24 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 456px; z-index: 15;\">750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 456px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 456px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 456px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1527 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1528 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1529 ff1e2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in the fair<span class=\"_ _2\"></span> value of plan assets.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y152a ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1e2 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 378px; z-index: 15;\">Defined benefit pension plan<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 378px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 378px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 362px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5fc ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 362px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5fc ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 362px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 347px; z-index: 15;\">Fair value of plan assets as at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f7 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 347px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f7 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 347px; z-index: 15;\">353<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc14 sc0 lse7 ws0\" style=\"left: 69px; bottom: 332px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st inco<span class=\"_ _2b\"></span>me<span class=\"ls0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 332px; z-index: 15;\">6</div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 332px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y601 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 317px; z-index: 15;\">Remeasurement (return on plan<span class=\"_ _0\"></span> assets, excluding effect o<span class=\"_ _2b\"></span>f<span class=\"_ _2\"></span> <span class=\"wsf6\">interest rate)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y601 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 317px; z-index: 15;\">(107)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y601 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 317px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 302px; z-index: 15;\">Employer's contributions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 302px; z-index: 15;\">3</div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 302px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 288px; z-index: 15;\">Benefits paid<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 288px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 288px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 273px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 273px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 273px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 258px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 258px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 258px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 243px; z-index: 15;\">Fair value of plan assets as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 243px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 243px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 232px; height: 874px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 232px; height: 874px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 232px; height: 874px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 232px; height: 874px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1e7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in the asse<span class=\"_ _2\"></span>t ceiling <span class=\"wsfa\">and/or minimum<span class=\"_ _2\"></span> funding requiremen<span class=\"_ _2\"></span>t.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y601 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y601 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1050px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff1e9 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> <span class=\"_ _1\"></span> <span class=\"lse4 wsf3\">as at 1 Ja<span class=\"_ _2b\"></span>nu<span class=\"_ _2\"></span>ary<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 xd2 h54 y608 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1020px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h54 y608 ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 791px; bottom: 1020px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Remeasurement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 xb8 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 1005px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y608 ff1e9 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> <span class=\"lse4 wsf3\">as at 31 December</span> </span></div>\n<div class=\"t m0 xd2 h54 y608 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 990px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y608 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 990px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1545 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1546 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1547 ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The asset c<span class=\"_ _0\"></span>eiling r<span class=\"_ _0\"></span>elates to Ag<span class=\"_ _0\"></span>eas <span class=\"lse2 wsf1\">entities <span class=\"wsfa\">in Por<span class=\"_ _2\"></span>tugal<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y1548 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1549 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the c<span class=\"_ _2b\"></span>omponents aff<span class=\"_ _2b\"></span>ecting the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement t<span class=\"_ _0\"></span>hat relat<span class=\"_ _2b\"></span>e to the defin<span class=\"_ _0\"></span>ed benef<span class=\"_ _0\"></span>it pens<span class=\"_ _0\"></span>ion plans<span class=\"_ _0\"></span> and <span class=\"lse2 ws103\">other post<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">employment </span></span></div>\n<div class=\"t m0 x7 h4f y154a ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>e year en<span class=\"_ _0\"></span>ded 31 D<span class=\"_ _0\"></span>ecembe<span class=\"_ _0\"></span>r.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y154b ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 864px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f2 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 505px; bottom: 864px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">pen<span class=\"_ _2\"></span>sion</span> <span class=\"_ _2\"></span></span>plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f2 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 669px; bottom: 864px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>-<span class=\"lsec wsfe\">empl<span class=\"_ _2\"></span>oyment</span> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 849px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 849px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 849px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 849px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff1e7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 819px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y1550 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 819px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y1550 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 819px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y1550 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 819px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y1550 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 819px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5f9 ff1e7 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 804px; z-index: 15;\">Net interest cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 804px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 804px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 804px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 804px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y63a ff1e7 fs3c fc14 sc0 lse5 ws15d\" style=\"left: 69px; bottom: 789px; z-index: 15;\">Past servi<span class=\"_ _0\"></span>ce cost <span class=\"ls0 ws0\">- <span class=\"lse4 wsf3\">vested and non</span>-<span class=\"lse4 wsf3\">vested benefits</span> </span></div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1e7 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 774px; z-index: 15;\">Sett<span class=\"_ _2\"></span>lements<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff1e9 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Total de<span class=\"_ _0\"></span>fined<span class=\"_ _2b\"></span> benefit expens<span class=\"_ _0\"></span>e <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y63a ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 527px; bottom: 759px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y63a ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 615px; bottom: 759px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y63a ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 705px; bottom: 759px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h54 y63a ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 759px; z-index: 15;\">5</div>\n<div class=\"t m0 x7 h4f y1555 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1556 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1557 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Net inte<span class=\"_ _0\"></span>rest cos<span class=\"_ _0\"></span>t and ot<span class=\"_ _0\"></span>her ar<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>ed in fin<span class=\"_ _0\"></span>ancing c<span class=\"_ _2b\"></span>osts (see note <span class=\"_ _0\"></span><span class=\"wsef\">37<span class=\"wsfa\">). All ot<span class=\"_ _2b\"></span>her items are i<span class=\"_ _2b\"></span>ncluded in staf<span class=\"_ _0\"></span>f exp<span class=\"_ _0\"></span>enses (s<span class=\"_ _0\"></span>ee note 4<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">0<span class=\"_ _2\"></span><span class=\"lse0 wsef\">).</span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1558 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1559 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the c<span class=\"_ _2b\"></span>omposition of <span class=\"_ _0\"></span>remeas<span class=\"_ _0\"></span>urements<span class=\"_ _0\"></span> for the <span class=\"lse2\">y<span class=\"_ _0\"></span>ear ended 31<span class=\"_ _2\"></span> December.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y155a ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5ff ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 505px; bottom: 650px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">pen<span class=\"_ _2\"></span>sion</span> <span class=\"_ _2\"></span></span>plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5ff ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 669px; bottom: 650px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>-<span class=\"lsec wsfe\">empl<span class=\"_ _2\"></span>oyment</span> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 636px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 636px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 636px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 636px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 636px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1e7 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 605px; z-index: 15;\">Return on plan assets, <span class=\"_ _2b\"></span>ex<span class=\"_ _2\"></span>cluding ef<span class=\"_ _0\"></span>fect of interest rate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 605px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y647 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 605px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Remeasurement on asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 590px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1e7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Actuarial (gains) losses with regard to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 561px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">change in demographic assumptions</span> </div>\n<div class=\"t m0 x7 h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 561px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 561px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 561px; z-index: 15;\">5</div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 561px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 546px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">change in financial assumptions</span> </div>\n<div class=\"t m0 x1f0 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 546px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 546px; z-index: 15;\">(86)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 546px; z-index: 15;\">(53)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 546px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 531px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">experience adjustments</span> </div>\n<div class=\"t m0 x44 h52 y5f4 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 531px; z-index: 15;\">0</div>\n<div class=\"t m0 x7 h52 y5f4 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 531px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 531px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 531px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Remeasurement on net defined liability (asset)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 516px; z-index: 15;\">(213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 516px; z-index: 15;\">(113)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 694px; bottom: 516px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 516px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1565 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1566 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1567 ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rement of the net defi<span class=\"_ _0\"></span>ned benef<span class=\"_ _0\"></span>it liabi<span class=\"_ _0\"></span>lity is rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d in other</div>\n<div class=\"t m0 x7 h4f y1568 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _0\"></span> Remea<span class=\"_ _0\"></span>surement<span class=\"_ _2b\"></span>s of plan assets<span class=\"_ _2b\"></span> are mainly the</div>\n<div class=\"t m0 x7 h4f y1569 ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nce betw<span class=\"_ _0\"></span>een actual ret<span class=\"_ _2b\"></span>urn on plan assets an<span class=\"_ _0\"></span>d expect<span class=\"_ _0\"></span>ed disco<span class=\"_ _0\"></span>unt</div>\n<div class=\"t m0 x7 h4f y156a ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rate. Re<span class=\"_ _0\"></span>measur<span class=\"_ _0\"></span>ements of<span class=\"_ _2b\"></span> defined benef<span class=\"_ _0\"></span>it obli<span class=\"_ _2b\"></span>gations reflec<span class=\"_ _0\"></span>t the ch<span class=\"_ _0\"></span>ange</div>\n<div class=\"t m0 x7 h4f y156b ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in actuar<span class=\"_ _0\"></span>ial assum<span class=\"_ _2b\"></span>ptions (i.e. demog<span class=\"_ _2b\"></span>raphic and financ<span class=\"_ _2b\"></span>ial assumptions<span class=\"_ _0\"></span>)</div>\n<div class=\"t m0 x7 h4f y156c ff1e7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the experien<span class=\"_ _2\"></span>ce adjustment. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y156d ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y156e ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Experie<span class=\"_ _0\"></span>nce adjus<span class=\"_ _0\"></span>tments a<span class=\"_ _0\"></span>re actua<span class=\"_ _0\"></span>rial gains an<span class=\"_ _0\"></span>d losses that<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ari<span class=\"_ _0\"></span>se</div>\n<div class=\"t m0 x1a h4f y156f ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because of<span class=\"_ _0\"></span> differe<span class=\"_ _0\"></span>nces betw<span class=\"_ _2b\"></span>een the actuarial as<span class=\"_ _0\"></span>sumpt<span class=\"_ _0\"></span>ions mad<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">at the </span></div>\n<div class=\"t m0 x1a h4f y1570 ff1e7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">beginning of th<span class=\"_ _2\"></span>e year and actual experience<span class=\"_ _2\"></span> during the year.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 364px; height: 742px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 364px; height: 742px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 364px; height: 742px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 364px; height: 742px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1ec fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">following tab<span class=\"_ _0\"></span>le reflec<span class=\"_ _0\"></span>ts the weig<span class=\"_ _2b\"></span>hted average dur<span class=\"_ _0\"></span>ation of the d<span class=\"_ _0\"></span>efined be<span class=\"_ _2b\"></span>nefit obligatio<span class=\"_ _0\"></span>n in years.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y601 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 563px; bottom: 1065px; z-index: 15;\">Defined benefit <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y601 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 569px; bottom: 1050px; z-index: 15;\">pension plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x247 h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 751px; bottom: 1065px; z-index: 15;\">Other post<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x5d h52 y601 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 713px; bottom: 1050px; z-index: 15;\">employment benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Weighted average duration o<span class=\"_ _0\"></span>f defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1020px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1020px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1573 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1574 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1575 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the <span class=\"_ _0\"></span>princip<span class=\"_ _0\"></span>al actu<span class=\"_ _0\"></span>arial ass<span class=\"_ _2b\"></span>umptions mad<span class=\"_ _0\"></span>e for th<span class=\"_ _0\"></span>e euroz<span class=\"_ _0\"></span>one count<span class=\"_ _2b\"></span>ries.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1576 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 941px; z-index: 15;\">  </div>\n<div class=\"t m0 x1f1 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 507px; bottom: 941px; z-index: 15;\">Defined benefit pension plan<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 669px; bottom: 941px; z-index: 15;\">Other <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"wsf3\">empl<span class=\"_ _2\"></span>oyment be<span class=\"_ _2\"></span>nefits<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 926px; z-index: 15;\">  </div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 496px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 521px; bottom: 926px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 581px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 926px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 667px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 692px; bottom: 926px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 753px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 926px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 911px; z-index: 15;\">  </div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 481px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 521px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 566px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 606px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 652px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 692px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 738px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 777px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 581px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 667px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 753px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">Disc<span class=\"_ _2\"></span>ount rat<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 881px; z-index: 15;\">3.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 881px; z-index: 15;\">4.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 881px; z-index: 15;\">0.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 881px; z-index: 15;\">1.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 647px; bottom: 881px; z-index: 15;\">3.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 881px; z-index: 15;\">4.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 881px; z-index: 15;\">1.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 881px; z-index: 15;\">1.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 866px; z-index: 15;\">Future salary increases <span class=\"_ _0\"></span>(price inflation included)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 866px; z-index: 15;\">2.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 866px; z-index: 15;\">5.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 866px; z-index: 15;\">1.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 866px; z-index: 15;\">4.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 667px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 753px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1ec fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 851px; z-index: 15;\">Futu<span class=\"_ _2\"></span>re pensio<span class=\"_ _2\"></span>n <span class=\"lse4 wsf3\">increases (price<span class=\"_ _0\"></span> inflation included)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 851px; z-index: 15;\">2.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 851px; z-index: 15;\">3.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 851px; z-index: 15;\">1.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 851px; z-index: 15;\">1.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 667px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 753px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 836px; z-index: 15;\">Medical cost trend rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 581px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 647px; bottom: 836px; z-index: 15;\">2.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 836px; z-index: 15;\">4.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 836px; z-index: 15;\">2.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 836px; z-index: 15;\">3.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y157c ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y157d ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y157e ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate for p<span class=\"_ _0\"></span>ensions<span class=\"_ _0\"></span> is weighte<span class=\"_ _0\"></span>d by the net def<span class=\"_ _0\"></span>ined benef<span class=\"_ _2b\"></span>it</div>\n<div class=\"t m0 x7 h4f y157f ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y (asset<span class=\"_ _0\"></span>) on pension<span class=\"_ _0\"></span>s. The larg<span class=\"_ _0\"></span>est pensi<span class=\"_ _2b\"></span>on schemes are in</div>\n<div class=\"t m0 x7 h4f y1580 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Belgiu<span class=\"_ _0\"></span>m, with d<span class=\"_ _0\"></span>iscount <span class=\"_ _0\"></span>rates v<span class=\"_ _0\"></span>arying f<span class=\"_ _2b\"></span>rom 3.80% to 4.<span class=\"_ _2b\"></span>10%. The futur<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y1581 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">salary i<span class=\"_ _0\"></span>ncreas<span class=\"_ _0\"></span>es varied <span class=\"_ _2b\"></span>in 2022 from 2.<span class=\"_ _0\"></span>90% fo<span class=\"_ _0\"></span>r the <span class=\"lse2 ws103\">older employee </span></div>\n<div class=\"t m0 x7 h4f y1582 ff1ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">group to 5.80% for<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span><span class=\"wsfa\">the younger on<span class=\"_ _2\"></span>es.</span></div>\n<div class=\"t m0 x1a h4f y1583 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the <span class=\"_ _0\"></span>princip<span class=\"_ _0\"></span>al actu<span class=\"_ _0\"></span>arial ass<span class=\"_ _2b\"></span>umptions mad<span class=\"_ _0\"></span>e for</div>\n<div class=\"t m0 x1a h4f y1584 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>ountries<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x7 h4f y1585 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1586 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 679px; z-index: 15;\">Defined benefit pension plan<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y656 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 679px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y656 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 679px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 663px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f7 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 663px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f7 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 663px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 649px; z-index: 15;\">Discount rate <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 649px; z-index: 15;\">4.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 649px; z-index: 15;\">1.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff1ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Future salary increases (price <span class=\"wsf3\">inflation included)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y647 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y647 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y158b ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y158c ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y158d ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The euroz<span class=\"_ _2b\"></span>one represents <span class=\"lse2 wsf1\">83%<span class=\"ls0 ws0\"> </span></span>of Ageas\u2019<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>tot<span class=\"_ _0\"></span>al define<span class=\"_ _2b\"></span>d benefit</div>\n<div class=\"t m0 x7 h4f y158e ff1ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">obligations<span class=\"_ _2\"></span>. Other countries include onl<span class=\"_ _2\"></span>y obligations in the United</div>\n<div class=\"t m0 x7 h4f y158f ff1ec fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Kingdom. Pos<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">employ<span class=\"_ _2b\"></span>ment benefits i<span class=\"_ _0\"></span>n countries<span class=\"_ _0\"></span> outsid<span class=\"_ _0\"></span>e the euro<span class=\"ls0 ws0\">-</span><span class=\"wsef\">zone </span></span></span></div>\n<div class=\"t m0 x7 h4f y1590 ff1ec fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and the <span class=\"_ _2\"></span>United Kingdom are n<span class=\"_ _2\"></span>ot regarded as <span class=\"_ _2\"></span>significant. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1591 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1592 ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A one perce<span class=\"_ _0\"></span>nt change i<span class=\"_ _0\"></span>n the actua<span class=\"_ _0\"></span>rial assu<span class=\"_ _2b\"></span>mptions would hav<span class=\"_ _0\"></span>e the</div>\n<div class=\"t m0 x1a h4f y1593 ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing effect<span class=\"_ _0\"></span> on the define<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>ben<span class=\"_ _0\"></span>efit oblig<span class=\"_ _0\"></span>ation for d<span class=\"_ _0\"></span>efined be<span class=\"_ _0\"></span>nefit</div>\n<div><br/></div>\n<div class=\"t m0 x1a h4f y1594 ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension p<span class=\"_ _0\"></span>lans and ot<span class=\"_ _0\"></span>her post<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">employment benefits.</span></span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 519px; bottom: 462px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 564px; bottom: 492px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y647 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 570px; bottom: 477px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 462px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 462px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 492px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y647 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 714px; bottom: 477px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 462px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1595 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 492px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 462px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 432px; z-index: 15;\">Defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 432px; z-index: 15;\">750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 432px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 432px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 432px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 402px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed discount rate:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 387px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 387px; z-index: 15;\">(11.0%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 387px; z-index: 15;\">(13.0%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 679px; bottom: 387px; z-index: 15;\">(16.8%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 387px; z-index: 15;\">(19.3%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 373px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 373px; z-index: 15;\">12.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 373px; z-index: 15;\">16.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 373px; z-index: 15;\">18.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 373px; z-index: 15;\">25.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 343px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed future salary in<span class=\"_ _0\"></span>crease:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 328px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x160 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 328px; z-index: 15;\">12.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 328px; z-index: 15;\">12.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 313px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x19b h52 y63a ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 313px; z-index: 15;\">(10.6%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 313px; z-index: 15;\">(10.2%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 313px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 313px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 283px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed pension increase:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 269px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 269px; z-index: 15;\">8.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 269px; z-index: 15;\">9.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 269px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 269px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 254px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x160 h52 y647 ff1ec fs3c fc14 sc0 lsec wsfe\" style=\"left: 514px; bottom: 254px; z-index: 15;\">(7.<span class=\"_ _2\"></span>3%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff1ec fs3c fc14 sc0 lsec wsfe\" style=\"left: 599px; bottom: 254px; z-index: 15;\">(7.<span class=\"_ _2\"></span>8%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 243px; height: 863px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 243px; height: 863px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 243px; height: 863px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 243px; height: 863px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A one perce<span class=\"_ _0\"></span>nt change i<span class=\"_ _0\"></span>n assumed m<span class=\"_ _2b\"></span>edical cost trend ra<span class=\"_ _2b\"></span>tes would have the fol<span class=\"_ _0\"></span>lowing ef<span class=\"_ _0\"></span>fect on the def<span class=\"_ _2b\"></span>ined benefit obl<span class=\"_ _0\"></span>igation f<span class=\"_ _0\"></span>o<span class=\"lsf3 wsf1\">r medical costs.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y5ff ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 743px; bottom: 1065px; z-index: 15;\">Medical<span class=\"ls0 ws0\"> </span>Care<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y601 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y601 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1050px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1020px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1020px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed medical costs a<span class=\"_ _2b\"></span>nd tr<span class=\"_ _2\"></span>end <span class=\"_ _0\"></span>rates:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x2a2 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 975px; z-index: 15;\">20.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 975px; z-index: 15;\">26.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 960px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x126 h52 y5f2 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 960px; z-index: 15;\">(15.9%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f2 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 960px; z-index: 15;\">(20.0%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15bc ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15bd ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15be ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The ass<span class=\"_ _0\"></span>et mix of t<span class=\"_ _2b\"></span>he plan assets<span class=\"_ _0\"></span> for pen<span class=\"_ _0\"></span>sion ob<span class=\"_ _0\"></span>ligatio<span class=\"_ _2b\"></span>ns is as follows<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15bf ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a7 h52 y60e ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 462px; bottom: 882px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 617px; bottom: 882px; z-index: 15;\">%</div>\n<div class=\"t m0 x1a7 h52 y60e ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 635px; bottom: 882px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 789px; bottom: 882px; z-index: 15;\">%</div>\n<div class=\"t m0 x14d h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f0 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 851px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 851px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 851px; z-index: 15;\">13.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 851px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 851px; z-index: 15;\">11.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 836px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 836px; z-index: 15;\">151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 836px; z-index: 15;\">63.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 836px; z-index: 15;\">230<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 836px; z-index: 15;\">63.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 822px; z-index: 15;\">Insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 822px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 822px; z-index: 15;\">10.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 822px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 822px; z-index: 15;\">7.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1f0 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 807px; z-index: 15;\">Real<span class=\"_ _2\"></span> estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 807px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 807px; z-index: 15;\">10.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 807px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 807px; z-index: 15;\">8.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff1f0 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 792px; z-index: 15;\">Cash <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y63a ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 792px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 792px; z-index: 15;\">1.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y63a ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 792px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f0 h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 792px; z-index: 15;\">1.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 777px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5ff ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 777px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 777px; z-index: 15;\">1.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 777px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 777px; z-index: 15;\">8.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff1f3 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 762px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 762px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 762px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 762px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 762px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15c6 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15c7 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15c8 ff1f0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The plan assets<span class=\"_ _2\"></span> comprise predominantly fix<span class=\"_ _2\"></span>ed income securities,</div>\n<div class=\"t m0 x7 h4f y15c9 ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ed by equi<span class=\"_ _0\"></span>ty sec<span class=\"_ _0\"></span>urities<span class=\"_ _0\"></span>, real est<span class=\"_ _2b\"></span>ate (funds) a<span class=\"_ _0\"></span>nd invest<span class=\"_ _2b\"></span>ment</div>\n<div class=\"t m0 x7 h4f y15ca ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h insura<span class=\"_ _0\"></span>nce comp<span class=\"_ _0\"></span>anies. Age<span class=\"_ _0\"></span>as\u2019s inte<span class=\"_ _2b\"></span>rnal investment p<span class=\"_ _0\"></span>olicy</div>\n<div class=\"t m0 x7 h4f y15cb ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stipula<span class=\"_ _0\"></span>tes that in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span> in derivat<span class=\"_ _2b\"></span>ives and emergin<span class=\"_ _0\"></span>g <span class=\"wsfa\">markets f<span class=\"_ _0\"></span>or the </span></div>\n<div class=\"t m0 x1a h4f y15cc ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">purpos<span class=\"_ _0\"></span>e of fun<span class=\"_ _0\"></span>ding pens<span class=\"_ _2b\"></span>ion plans is t<span class=\"_ _0\"></span>o be avoid<span class=\"_ _2b\"></span>ed. The amount<span class=\"_ _2b\"></span> in</div>\n<div class=\"t m0 x1a h4f y15cd ff1f0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">\u2018Other\u2019 relate<span class=\"_ _2\"></span>s to two diversified funds in<span class=\"_ _2\"></span> the United Kingdom.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y15ce ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y15cf ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The mix <span class=\"_ _0\"></span>of the un<span class=\"_ _0\"></span>qualif<span class=\"_ _0\"></span>ied asset<span class=\"_ _2b\"></span>s for pension o<span class=\"_ _2b\"></span>bligations is as<span class=\"_ _0\"></span> follows<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x7 h4f y15d0 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15d1 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 621px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a7 h52 y5ff ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 462px; bottom: 621px; z-index: 15;\">31 <span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x146 h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 617px; bottom: 621px; z-index: 15;\">%</div>\n<div class=\"t m0 x1a7 h52 y5ff ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 635px; bottom: 621px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 789px; bottom: 621px; z-index: 15;\">%</div>\n<div class=\"t m0 x14d h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1f0 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 590px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 590px; z-index: 15;\">7.<span class=\"ls0 ws0\">4% </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 590px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 590px; z-index: 15;\">7.<span class=\"ls0 ws0\">2% </span></div>\n<div class=\"t m0 x14d h52 y605 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y605 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 575px; z-index: 15;\">43<span class=\"ls0 ws0\">0 </span></div>\n<div class=\"t m0 x160 h52 y605 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 575px; z-index: 15;\">7<span class=\"lse4 wsf4\">9.2</span>%</div>\n<div class=\"t m0 x24 h52 y605 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 575px; z-index: 15;\">431<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 771px; bottom: 575px; z-index: 15;\">7<span class=\"lse4 wsf4\">9.2</span>%</div>\n<div class=\"t m0 x14d h52 y603 ff1f0 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Real<span class=\"_ _2\"></span> estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 560px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 560px; z-index: 15;\">10.1<span class=\"ls0 ws0\">% </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 560px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 560px; z-index: 15;\">10.<span class=\"ls0 ws0\">7% </span></div>\n<div class=\"t m0 x14d h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Convertible bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 545px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 545px; z-index: 15;\">2.<span class=\"ls0 ws0\">6% </span></div>\n<div class=\"t m0 x74 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 545px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 545px; z-index: 15;\">2.<span class=\"ls0 ws0\">4% </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 531px; z-index: 15;\">Cash<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 531px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 531px; z-index: 15;\">0.7%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 531px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 531px; z-index: 15;\">0.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff1f3 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y70b ff1f3 fs3c fc1f sc0 ls0 ws0\" style=\"left: 522px; bottom: 516px; z-index: 15;\">5<span class=\"lse4 wsf4\">43</span> </div>\n<div class=\"t m0 x162 h54 y70b ff1f3 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 516px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y70b ff1f3 fs3c fc1f sc0 ls0 ws0\" style=\"left: 695px; bottom: 516px; z-index: 15;\">5<span class=\"lse4 wsf4\">44</span> </div>\n<div class=\"t m0 x162 h54 y70b ff1f3 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 516px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15da ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15db ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15dc ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas gra<span class=\"_ _0\"></span>dually a<span class=\"_ _0\"></span>djusts its as<span class=\"_ _2b\"></span>set allocatio<span class=\"_ _0\"></span>n policy to ens<span class=\"_ _0\"></span>ure a close</div>\n<div class=\"t m0 x7 h4f y15dd ff1f0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">match between<span class=\"_ _2\"></span> the duration of assets and that of<span class=\"_ _2\"></span> pension liabilities.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15de ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y15df ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The empl<span class=\"_ _0\"></span>oyer\u2019s<span class=\"_ _0\"></span> contribut<span class=\"_ _2b\"></span>ions expecte<span class=\"_ _0\"></span>d to be pa<span class=\"_ _0\"></span>id into <span class=\"_ _2b\"></span>po<span class=\"lse1 wsf0\">st<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span><span class=\"wsef\">empl<span class=\"_ _2b\"></span>oyment </span></div>\n<div class=\"t m0 x1a h4f y15e0 ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span> plans fo<span class=\"_ _2b\"></span>r the year end<span class=\"_ _0\"></span>ing 31 Dec<span class=\"_ _2b\"></span>ember <span class=\"lse2\">2022 are<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span>as fol<span class=\"_ _2b\"></span>lows.</div>\n<div class=\"t m0 x7 h4f y15e1 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x1d h52 y60e ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 736px; bottom: 406px; z-index: 15;\">Defined benefit <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 391px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f4 h52 y5f9 ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 742px; bottom: 391px; z-index: 15;\">pension plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y60e ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 360px; z-index: 15;\">Expected contribution next year to plan assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 360px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 346px; z-index: 15;\">Expected contribution next year to unqualified plan assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 346px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 335px; height: 771px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 335px; height: 771px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 335px; height: 771px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 335px; height: 771px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1f5 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.1.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Other <span class=\"lse2 wsf1\">long</span></span>-<span class=\"lse0 wsf0\">term employee ben<span class=\"_ _0\"></span>efits<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1f5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Other long<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term em<span class=\"_ _0\"></span>ployee b<span class=\"_ _0\"></span>enefits i<span class=\"_ _0\"></span>nclude lo<span class=\"_ _2b\"></span>ng<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">serv<span class=\"_ _0\"></span>ice aw<span class=\"_ _0\"></span>ards. Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow s<span class=\"_ _0\"></span>hows net <span class=\"_ _2b\"></span>liabilities. T<span class=\"_ _0\"></span>he liab<span class=\"_ _0\"></span>ilities <span class=\"_ _0\"></span>related t<span class=\"_ _2b\"></span>o other long<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">term em<span class=\"_ _0\"></span>ployee </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s are inc<span class=\"_ _2b\"></span>luded in the stat<span class=\"_ _2b\"></span>ement of fina<span class=\"_ _0\"></span>ncial pos<span class=\"_ _2b\"></span>ition under ac<span class=\"_ _0\"></span>crued<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">in<span class=\"_ _0\"></span>terest an<span class=\"_ _0\"></span>d other liabi<span class=\"_ _2b\"></span>lities (see note 24).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1033px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y5ff ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5ff ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y601 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y601 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1003px; z-index: 15;\">Defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 622px; bottom: 1003px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1003px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff1f8 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 988px; z-index: 15;\">Net defined benefit liabilities (assets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y605 ff1f8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 622px; bottom: 988px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y605 ff1f8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 988px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12a9 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12aa ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15ea ff1f5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties for other long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">ter<span class=\"_ _2b\"></span>m <span class=\"_ _2\"></span>em<span class=\"_ _0\"></span>ployee be<span class=\"_ _0\"></span>nefits dur<span class=\"_ _0\"></span>ing the <span class=\"lse2 wsf1\">year.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y15eb ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y603 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 910px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 910px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y608 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y608 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1f5 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 879px; z-index: 15;\">Net liability as at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f4 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 622px; bottom: 879px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f4 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 879px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 864px; z-index: 15;\">Total expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 864px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 864px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 849px; z-index: 15;\">Benefits directly paid by <span class=\"_ _0\"></span>the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 849px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 849px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1f5 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Net liability as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y608 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 622px; bottom: 835px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y608 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 835px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15f2 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15f3 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15f4 ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es the ra<span class=\"_ _2b\"></span>nge of actuaria<span class=\"_ _0\"></span>l assum<span class=\"_ _0\"></span>ptions a<span class=\"_ _2b\"></span>pplied when <span class=\"lse2 ws103\">calculating the liabiliti<span class=\"_ _2\"></span>es for other long<span class=\"ls0 ws0\">-</span>term emp<span class=\"_ _2\"></span>loyee benefits.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y15f5 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y60e ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 715px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y60e ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 756px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 741px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff1f5 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 616px; bottom: 741px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 699px; bottom: 741px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff1f5 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 778px; bottom: 741px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 634px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1f5 fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 711px; z-index: 15;\">Disc<span class=\"_ _2\"></span>ount rat<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 711px; z-index: 15;\">3.17%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 711px; z-index: 15;\">3.82%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 711px; z-index: 15;\">0.32%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 711px; z-index: 15;\">0.70%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 696px; z-index: 15;\">Future salary increases<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 696px; z-index: 15;\">3.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 696px; z-index: 15;\">5.90%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 696px; z-index: 15;\">2.10%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 696px; z-index: 15;\">4.20%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15fa ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15fb ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15fc ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Expenses<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>ed to ot<span class=\"_ _0\"></span>her long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term empl<span class=\"_ _0\"></span>oyee benef<span class=\"_ _0\"></span>its are sho<span class=\"_ _2b\"></span>wn below. Interest c<span class=\"_ _0\"></span>ost is incl<span class=\"_ _0\"></span>uded in fin<span class=\"_ _0\"></span>ancing cos<span class=\"_ _2b\"></span>ts (see note <span class=\"wsef\">37</span>), all<span class=\"_ _0\"></span> other expens<span class=\"_ _2b\"></span>es are </span></span></div>\n<div class=\"t m0 x7 h4f y15fd ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in staff expe<span class=\"_ _2b\"></span>nses (see note 4<span class=\"ls0 ws0\">0</span><span class=\"wsef\">).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y15fe ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 601px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y5f7 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 601px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f7 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 601px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5fc ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5fc ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1f5 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 571px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y647 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 571px; z-index: 15;\">1</div>\n<div class=\"t m0 x4a h52 y647 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 571px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5ff ff1f5 fs3c fc14 sc0 lse8 ws10b\" style=\"left: 69px; bottom: 556px; z-index: 15;\">Net <span class=\"lse4 wsf3\">actuarial losses (gains) recognised imme<span class=\"_ _0\"></span>diately<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5ff ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 556px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 556px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff1f8 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 541px; z-index: 15;\">Total<span class=\"_ _2\"></span> expense <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y647 ff1f8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 621px; bottom: 541px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y647 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 541px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1604 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1605 ff1f5 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">6<span class=\"lsf4 ws10c\">.1.3</span> <span class=\"_ _1af\"> </span><span class=\"lse0 wsf0\">Termi<span class=\"_ _0\"></span>nation be<span class=\"_ _0\"></span>nefits<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1606 ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Terminat<span class=\"_ _2b\"></span>ion benefits are e<span class=\"_ _0\"></span>mployee b<span class=\"_ _0\"></span>enefits p<span class=\"_ _2b\"></span>ayable as a result of eit<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x7 h4f y1607 ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an enterp<span class=\"_ _0\"></span>rise\u2019s de<span class=\"_ _0\"></span>cision t<span class=\"_ _0\"></span>o terminat<span class=\"_ _0\"></span>e an employ<span class=\"_ _0\"></span>ee\u2019s empl<span class=\"_ _2b\"></span>oyment before</div>\n<div class=\"t m0 x7 h4f y1608 ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the norm<span class=\"_ _2b\"></span>al retirement d<span class=\"_ _0\"></span>ate, or <span class=\"_ _0\"></span>an employ<span class=\"_ _2b\"></span>ee\u2019s decisio<span class=\"_ _0\"></span>n to acc<span class=\"_ _0\"></span>ept</div>\n<div class=\"t m0 x7 h4f y1609 ff1f5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">voluntary <span class=\"_ _2\"></span>redundancy in exchang<span class=\"_ _2\"></span>e for those bene<span class=\"_ _2\"></span>fi<span class=\"lsf4 ws10c\">ts. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y160a ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y160b ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y160c ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below shows<span class=\"_ _0\"></span> liabil<span class=\"_ _0\"></span>ities relat<span class=\"_ _2b\"></span>ed to termination b<span class=\"_ _2b\"></span>enefits include<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x1a h4f y160d ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in the stat<span class=\"_ _0\"></span>ement of fina<span class=\"_ _2b\"></span>ncial position u<span class=\"_ _0\"></span>nder accru<span class=\"_ _0\"></span>ed inter<span class=\"_ _0\"></span>est and othe<span class=\"_ _2b\"></span>r</div>\n<div class=\"t m0 x1a h4f y160e ff1f5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liabilities (s<span class=\"_ _2\"></span>ee note 2<span class=\"ls0 ws0\">4<span class=\"lse0 wsef\">).</span></span></div>\n<div class=\"t m0 x7 h4f y160f ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1610 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 384px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y605 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 384px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 384px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y603 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y603 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 354px; z-index: 15;\">Defined benefit <span class=\"wsf4\">obligation<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x4a h52 y608 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 354px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h52 y608 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 354px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h54 y5f4 ff1f8 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 339px; z-index: 15;\">Net defined benefit liabilities (assets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h54 y5f4 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 339px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h54 y5f4 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 339px; z-index: 15;\">5</div>\n<div class=\"t m0 x7 h4f y1615 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1616 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1617 ff1f5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties for terminatio<span class=\"lse0 wsf0\">n benefits durin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e year.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1618 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 260px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y638 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 260px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y638 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 260px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 244px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5f4 ff1f7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 244px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5f4 ff1f7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 244px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff1f8 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 230px; z-index: 15;\">Net liability as at 1<span class=\"_ _0\"></span> January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h54 y638 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 230px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h54 y638 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 230px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 215px; z-index: 15;\">Total expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 215px; z-index: 15;\">1</div>\n<div class=\"t m0 x4a h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 215px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y70b ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 200px; z-index: 15;\">Benefits directly paid <span class=\"wsf6\">by the employer<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y70b ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 200px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y70b ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 200px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff1f8 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 185px; z-index: 15;\">Net liability as at 31<span class=\"_ _0\"></span> December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h54 y60e ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 185px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h54 y60e ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 185px; z-index: 15;\">5</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 174px; height: 932px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 174px; height: 932px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 174px; height: 932px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 174px; height: 932px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Expenses<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>erminati<span class=\"_ _0\"></span>on ben<span class=\"_ _0\"></span>efits ar<span class=\"_ _0\"></span>e shown <span class=\"_ _0\"></span>below.<span class=\"_ _0\"></span> Interes<span class=\"_ _0\"></span>t cost i<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>ed in <span class=\"ls0 ws0\">f</span><span class=\"wsf0\">inanci<span class=\"_ _2b\"></span>ng costs (see <span class=\"ls0 ws0\">n<span class=\"lsfc ws115\">ote</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">37</span></span>). All ot<span class=\"_ _0\"></span>her expen<span class=\"_ _0\"></span>ses are incl<span class=\"_ _0\"></span>uded in<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsf0\">taff expenses<span class=\"_ _0\"></span> (see <span class=\"ls0 ws0\">n</span><span class=\"wsef\">ote 40).<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x25f h52 y601 ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1049px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y601 ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1049px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff1fc fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5ff ff1fc fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5ff ff1fc fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1fa fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h52 y605 ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 1019px; z-index: 15;\">1</div>\n<div class=\"t m0 x8c h52 y605 ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 1019px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y603 ff1fd fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Total<span class=\"_ _2\"></span> expense <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h54 y603 ff1fd fs3c fc1f sc0 ls0 ws0\" style=\"left: 620px; bottom: 1004px; z-index: 15;\">1</div>\n<div class=\"t m0 x8c h54 y603 ff1fd fs3c fc1f sc0 ls0 ws0\" style=\"left: 791px; bottom: 1004px; z-index: 15;\">2</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 993px; height: 113px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y12fc ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12fd ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h6a y162e ff1fe fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">6.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y162f ff1fe fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Employee share and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1630 ff1fe fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">share<span class=\"ls0 ws0\">-</span>linked i<span class=\"_ _2\"></span>ncentive <span class=\"ls13e ws165\">plans<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1631 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas\u2019s re<span class=\"_ _2b\"></span>muneration pa<span class=\"_ _0\"></span>ckage fo<span class=\"_ _0\"></span>r its employe<span class=\"_ _0\"></span>es and Exec<span class=\"_ _2b\"></span>utive<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1632 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Committee and Man<span class=\"_ _2\"></span>agement Committee Members may<span class=\"_ _2\"></span> include share<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1633 ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">related ins<span class=\"_ _2\"></span>truments. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1634 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1635 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These be<span class=\"_ _0\"></span>nefits<span class=\"_ _0\"></span> can tak<span class=\"_ _0\"></span>e the form<span class=\"_ _0\"></span> of:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1636 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse2 wsfa\">R<span class=\"_ _2\"></span>estricted shares;</span><span class=\"ff1fa\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1637 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse2 wsf1\">Sh<span class=\"_ _2\"></span>are</span><span class=\"ff1fa\">-<span class=\"lse0 wsfa\">linked i<span class=\"_ _0\"></span>ncent<span class=\"_ _0\"></span>ives.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1638 ff1fa fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.2.1 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsfa\">Res<span class=\"_ _2\"></span>tricted shares</span> </span></div>\n<div class=\"t m0 x7 h4f y1639 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The membe<span class=\"_ _2b\"></span>rs of the Executive a<span class=\"_ _2b\"></span>nd Management Com<span class=\"_ _0\"></span>mitte<span class=\"_ _0\"></span>e benefit</div>\n<div class=\"t m0 x7 h4f y163a ff1fa fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">fro<span class=\"lse2 wsfa\">m a Long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">term <span class=\"_ _0\"></span>incentiv<span class=\"_ _2b\"></span>e plan (LTI).<span class=\"_ _0\"></span> This pla<span class=\"_ _0\"></span>n consist<span class=\"_ _2b\"></span>s of the grant<span class=\"_ _0\"></span>ing </span></span></div>\n<div class=\"t m0 x7 h4f y163b ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of perfor<span class=\"_ _0\"></span>mance shar<span class=\"_ _2b\"></span>es which vest after a p<span class=\"_ _0\"></span>eriod of 3.<span class=\"_ _0\"></span>5 years<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">afte<span class=\"_ _0\"></span>r grant<span class=\"lsfc ws115\">. </span></span></div>\n<div class=\"t m0 x7 h4f y163c ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The numbe<span class=\"_ _0\"></span>r of shares to b<span class=\"_ _0\"></span>e granted u<span class=\"_ _0\"></span>nder this pl<span class=\"_ _0\"></span>an is based on t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y163d ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">\u201cAgeas Busine<span class=\"_ _2\"></span>ss Score\u201d which <span class=\"_ _2\"></span>is the result o<span class=\"_ _2\"></span><span class=\"lse0\">f t<span class=\"_ _0\"></span>he achi<span class=\"_ _0\"></span>evement<span class=\"_ _0\"></span> on the </span></div>\n<div class=\"t m0 x1a h4f y163e ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">corporat<span class=\"_ _2b\"></span>e KPI's. The vestin<span class=\"_ _0\"></span>g after 3.5 y<span class=\"_ _0\"></span>ears is sub<span class=\"_ _0\"></span>ject to a relat<span class=\"_ _0\"></span>ive total</div>\n<div class=\"t m0 x1a h4f y163f ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>older retu<span class=\"_ _0\"></span>rn (TSR) p<span class=\"_ _2b\"></span>erformance meas<span class=\"_ _2b\"></span>urement as comp<span class=\"_ _0\"></span>ared to a</div>\n<div class=\"t m0 x1a h4f y1640 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">peer group.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Aft<span class=\"_ _0\"></span>er vestin<span class=\"_ _0\"></span>g, the shar<span class=\"_ _2b\"></span>es will have to be held<span class=\"_ _0\"></span> for an</div>\n<div class=\"t m0 x1a h4f y1641 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">additional 1.<span class=\"_ _2\"></span>5 years (5<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">years in tot<span class=\"_ _0\"></span>al as of date of gr<span class=\"_ _0\"></span>ant). Aft<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>is </span></span></div>\n<div class=\"t m0 x1a h4f y1642 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">blocking period<span class=\"_ _2\"></span>, the beneficiaries may sel<span class=\"_ _2\"></span>l the vested shares under<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1643 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n conditi<span class=\"_ _2b\"></span>ons in line with t<span class=\"_ _2b\"></span>he Remunerati<span class=\"_ _2b\"></span>on Policy. You <span class=\"_ _0\"></span>find mor<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y1644 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">details<span class=\"_ _0\"></span> on the p<span class=\"_ _0\"></span>lan in th<span class=\"_ _0\"></span>e Report <span class=\"_ _2b\"></span>of the Remunerat<span class=\"_ _2b\"></span>ion Committe<span class=\"_ _2b\"></span>e sect<span class=\"ls102 ws11d\">ion<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1645 ff1fa fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">A.6.<span class=\"_ _2\"></span>7<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1646 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1647 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For 2018 a tot<span class=\"_ _0\"></span>al of 35<span class=\"ls0 ws0\">,</span><span class=\"wsfa\">612 pe<span class=\"_ _0\"></span>rformanc<span class=\"_ _2b\"></span>e shares were c<span class=\"_ _2b\"></span>ommitted to be </span></div>\n<div class=\"t m0 x1a h4f y1648 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">granted,<span class=\"_ _0\"></span> for 20<span class=\"_ _0\"></span>19 a tot<span class=\"_ _0\"></span>al of 51,3<span class=\"_ _0\"></span>93 per<span class=\"_ _0\"></span>formance <span class=\"_ _2b\"></span>shares were co<span class=\"_ _2b\"></span>mmitted</div>\n<div class=\"t m0 x1a h4f y1649 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be grant<span class=\"_ _0\"></span>ed, for 2020 a t<span class=\"_ _0\"></span>otal of 53,2<span class=\"_ _2b\"></span>69 shares were comm<span class=\"_ _0\"></span>itted to be</div>\n<div class=\"t m0 x1a h4f y164a ff1fa fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">granted <span class=\"lse2 wsf1\">and </span><span class=\"wsf0\">for 2021 a tot<span class=\"_ _2b\"></span>al of <span class=\"lse2 ws103\">53,918<span class=\"_ _2\"></span> performance shares were<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f y164b ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">committ<span class=\"_ _0\"></span>ed to be grant<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y164c ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y164d ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For perfor<span class=\"_ _2b\"></span>mance year 2022 a tot<span class=\"_ _0\"></span>al of <span class=\"lse2 wsf1\">42,530<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">performanc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsf0\">sha<span class=\"_ _0\"></span>res are </span></span></div>\n<div class=\"t m0 x1a h4f y164e ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">committ<span class=\"_ _0\"></span>ed to be <span class=\"_ _0\"></span>grante<span class=\"_ _0\"></span>d to the Ex<span class=\"_ _2b\"></span>ecutive and M<span class=\"_ _0\"></span>anagem<span class=\"_ _2b\"></span>ent Committe<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y164f ff1fa fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Members.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1650 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1651 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1652 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> shows the changes in commitme<span class=\"ls0 ws0\">n<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">ts of res<span class=\"_ _0\"></span>tricte<span class=\"_ _0\"></span>d shares d<span class=\"_ _0\"></span>uring the ye<span class=\"_ _0\"></span>ar for ExCo a<span class=\"_ _0\"></span>nd M<span class=\"lsfb wsfa\">co<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Members.</span> <span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1653 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h4f yc5a ff1fa fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 610px; z-index: 15;\">(number of shares in '<span class=\"wsf4\">0<span class=\"_ _0\"></span>00)<span class=\"fs3a ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x217 h52 yc5a ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 643px; bottom: 610px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 yc5a ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 610px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y1656 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 594px; z-index: 15;\"> </div>\n<div class=\"t m0 x2cb h52 y1656 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 664px; bottom: 594px; z-index: 15;\"> </div>\n<div class=\"t m0 x2cb h52 y1656 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 594px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h4f yc74 ff1fa fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Number of shares newly g<span class=\"_ _0\"></span>ranted<span class=\"fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 xdb h52 yc74 ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 578px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h52 yc74 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 578px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h4f y1656 ff1fd fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 562px; z-index: 15;\">Number of restricted shares committed to be granted as at 1 March<span class=\"ff1fa fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h54 y1656 ff1fd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 649px; bottom: 562px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h54 y1656 ff1fd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 562px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h4f yc5a ff1fa fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 547px; z-index: 15;\">Restricted shares (cancelled) <span class=\"fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h4f yc5a ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 664px; bottom: 547px; z-index: 15;\"> <span class=\"fs3a\"> </span></div>\n<div class=\"t m0 x2cb h52 yc5a ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 547px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h4f y1656 ff1fa fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 531px; z-index: 15;\">Restricted shares vested<span class=\"fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h4f y1656 ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 664px; bottom: 531px; z-index: 15;\"> <span class=\"fs3a\"> </span></div>\n<div class=\"t m0 x2e3 h52 y1656 ff1fa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 531px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h4f yc74 ff1fd fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Number of restricted shares committed to be <span class=\"lsef ws102\">granted a<span class=\"_ _2\"></span>s at 31 Decembe<span class=\"_ _2\"></span>r<span class=\"ff1fa fs3a ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2cb h54 yc74 ff1fd fs3c fc1f sc0 ls0 ws0\" style=\"left: 664px; bottom: 515px; z-index: 15;\">  </div>\n<div class=\"t m0 xd8 h54 yc74 ff1fd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 515px; z-index: 15;\">158<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y165c ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y165d ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y165e ff1fa fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.2.2 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Share<span class=\"_ _2\"></span></span>-<span class=\"lse0 wsfa\">linke<span class=\"_ _2b\"></span>d incentives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y165f ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 20<span class=\"lse2 wsf1\">20<span class=\"lsf4 ws10c\">, </span>20<span class=\"ls0 ws0\">21<span class=\"_ _2\"></span> </span><span class=\"wsfa\">and 2022<span class=\"ls0 ws0\"> </span>Agea<span class=\"_ _2\"></span>s launched a shar<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\">-</span></span></span>linked i<span class=\"_ _2b\"></span>ncentive plan</div>\n<div class=\"t m0 x7 h4f y1660 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">for its senior<span class=\"_ _2\"></span> management. Depend<span class=\"ls102 ws11d\">ing<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">on the relative perf<span class=\"_ _0\"></span>ormanc<span class=\"_ _0\"></span>e of </span></span></span></div>\n<div class=\"t m0 x7 h4f y1661 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Ageas share<span class=\"_ _2\"></span> in relation to a peer group ov<span class=\"_ _2\"></span>er a period of the three</div>\n<div class=\"t m0 x7 h4f y1662 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">years following<span class=\"_ _2\"></span> the launch of each of the plan<span class=\"_ _2\"></span>s and <span class=\"wsf1\">the<span class=\"ls0 ws0\"> </span>condition<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>of </span></div>\n<div class=\"t m0 x7 h4f y1663 ff1fa fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">co<span class=\"lse2 wsfa\">ntinued empl<span class=\"_ _2\"></span>oyment<span class=\"lse0\">, th<span class=\"_ _0\"></span>e senior <span class=\"_ _0\"></span>manager<span class=\"_ _2b\"></span>s will be award<span class=\"_ _0\"></span>ed a cash </span></span></div>\n<div class=\"t m0 x7 h4f y1664 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">payment equal<span class=\"_ _2\"></span> to a value:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1665 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1666 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse0 wsf0\">between 0 and the val<span class=\"_ _0\"></span>ue of 135,<span class=\"_ _0\"></span>480<span class=\"ls0 ws0\"> A<span class=\"lse2 wsfa\">geas share<span class=\"_ _2\"></span>s on 1 April<span class=\"_ _2\"></span> 202</span>3 </span></span></span></div>\n<div class=\"t m0 x25a h4f y1667 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(plan 20<span class=\"_ _0\"></span><span class=\"wsef\">20);<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1668 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse0 wsf0\">between 0 and the val<span class=\"_ _0\"></span>ue of 1<span class=\"lse2 wsf1\">41<span class=\"ls0 ws0\">,</span>400<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Agea<span class=\"_ _2\"></span>s shares on 1 Apri<span class=\"_ _2\"></span>l 202<span class=\"ls0 ws0\">4 </span></span></span></span></span></div>\n<div class=\"t m0 x25a h4f y1669 ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(plan 202<span class=\"ls0 ws0\">1<span class=\"_ _2\"></span>); </span></div>\n<div class=\"t m0 x1a h4f y166a ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa\">b<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">etwee<span class=\"_ _0\"></span>n 0 an<span class=\"lse2 wsfa\">d the value o<span class=\"_ _2\"></span>f 151,200 Ageas s<span class=\"_ _2\"></span>hares on 1 Apri<span class=\"_ _2\"></span>l 202<span class=\"ls0 ws0\">5 </span></span></span></span></span></div>\n<div class=\"t m0 x25a h4f y166b ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(plan 2022)<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y166c ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y166d ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The liab<span class=\"_ _0\"></span>ility of t<span class=\"_ _2b\"></span>hese cash<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">settl<span class=\"_ _0\"></span>ed trans<span class=\"_ _0\"></span>actions is d<span class=\"_ _2b\"></span>etermined at fair val<span class=\"_ _2b\"></span>ue </span></div>\n<div class=\"t m0 x1a h4f y166e ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at each rep<span class=\"_ _0\"></span>orting d<span class=\"_ _0\"></span>ate.<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 330px; height: 636px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 330px; height: 776px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 330px; height: 776px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 330px; height: 776px; width: 96%; z-index: 1;\"><br/></div>\n\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls144 ws16d\" style=\"z-index: 15;\">Re<span class=\"_ _2\"></span>l<span class=\"_ _58\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">pa<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h63 y714 ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">The law of 28 April 2020</div>\n<div class=\"t m0 x7 h63 y715 ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">implementing Direc<span class=\"lsf6 ws0\">tive 2017/828 of </span></div>\n<div class=\"t m0 x7 h63 y716 ff203 fs40 fc14 sc0 lsf8 ws16a\" style=\"z-index: 15;\">the European Parlia<span class=\"_ _2\"></span>ment and the</div>\n<div class=\"t m0 x7 h63 y717 ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Council (the Second Shareholder</div>\n<div class=\"t m0 x7 h63 y718 ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Rights Directive or SRD II)<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h63 y719 ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">introduced a new regime for related</div>\n<div class=\"t m0 x7 h63 y71a ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">party transactions, which<span class=\"_ _0\"></span> is</div>\n<div class=\"t m0 x7 h63 y71b ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">applicable to all the members of the</div>\n<div class=\"t m0 x7 h63 y71c ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Ageas group and entered into force</div>\n<div class=\"t m0 x7 h63 y71d ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">on 16 May <span class=\"lsf8 ws10f\">2020. Among other </span></div>\n<div class=\"t m0 x7 h63 y71e ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">elements, this new regim<span class=\"_ _0\"></span>e entails a</div>\n<div class=\"t m0 x7 h63 y71f ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">reinforced obligation for Ageas to</div>\n<div class=\"t m0 x7 h63 y1670 ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">report on the application of the</div>\n<div class=\"t m0 x7 h63 y1671 ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">related party transactio<span class=\"_ _0\"></span>ns</div>\n<div class=\"t m0 x7 h63 y1672 ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">procedure, both immediately upon</div>\n<div class=\"t m0 x7 h63 y1673 ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">occurrence of the transact<span class=\"_ _0\"></span>ion as</div>\n<div class=\"t m0 x7 h63 y1674 ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">well as in the annual report for the</div>\n<div class=\"t m0 x7 h63 y1675 ff203 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">rele<span class=\"ws0\">vant financial year. <span class=\"ls0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y724 ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Parties<span class=\"_ _0\"></span> related to A<span class=\"_ _2b\"></span>geas include ass<span class=\"_ _0\"></span>ociates a<span class=\"_ _0\"></span>nd joint vent<span class=\"_ _2b\"></span>ures<span class=\"lse2 ws103\">, pension funds<span class=\"_ _2\"></span>, Board <span class=\"ls0 ws0\">M</span></span>embers (i.<span class=\"_ _0\"></span>e.</div>\n<div class=\"t m0 x26 h4f y725 ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">N<span class=\"lse2 wsf1\">on</span>-E<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">xecutive and </span>E<span class=\"_ _2\"></span><span class=\"lse0 wsef\">xecut<span class=\"_ _0\"></span>ive <span class=\"ls0 ws0\">M</span><span class=\"wsf0\">embers of th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>Age<span class=\"_ _0\"></span>as Board of Di<span class=\"_ _0\"></span>rector<span class=\"_ _0\"></span>s), <span class=\"ls0 ws0\">e<span class=\"lsfb wsfa\">xecu<span class=\"_ _2\"></span>tive </span>m<span class=\"lse2 wsfa\">a<span class=\"_ _2\"></span>nagers, close </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y726 ff201 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">family members<span class=\"_ _2\"></span> of any individual refer<span class=\"lse0 wsfa\">red to abov<span class=\"_ _0\"></span>e, entit<span class=\"_ _0\"></span>ies co<span class=\"_ _0\"></span>ntrolle<span class=\"_ _0\"></span>d or sig<span class=\"_ _0\"></span>nifican<span class=\"_ _0\"></span>tly infl<span class=\"_ _2b\"></span>uenced by </span></div>\n<div class=\"t m0 x26 h4f y727 ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any indiv<span class=\"_ _0\"></span>idual ref<span class=\"_ _0\"></span>erred to ab<span class=\"_ _0\"></span>ove and othe<span class=\"_ _2b\"></span>r related entiti<span class=\"_ _0\"></span>es. Ageas fr<span class=\"_ _2b\"></span>equently enters<span class=\"_ _0\"></span> into tran<span class=\"_ _0\"></span>sactio<span class=\"_ _0\"></span>ns</div>\n<div class=\"t m0 x26 h4f y728 ff201 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">with re<span class=\"_ _0\"></span>lated pa<span class=\"_ _0\"></span>rties in t<span class=\"_ _2b\"></span>he course of i<span class=\"_ _0\"></span>ts busi<span class=\"_ _0\"></span>ness ope<span class=\"_ _0\"></span>rations<span class=\"_ _0\"></span>. Such t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions ma<span class=\"_ _0\"></span>inly <span class=\"lse2\">concern loans, </span></div>\n<div class=\"t m0 x26 h4f y729 ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deposit<span class=\"_ _0\"></span>s and reins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontracts a<span class=\"_ _2b\"></span>nd are entered into<span class=\"_ _0\"></span> under the same c<span class=\"_ _2b\"></span>ommercial and mar<span class=\"_ _2b\"></span>ket</div>\n<div class=\"t m0 x26 h4f y72a ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">terms that<span class=\"_ _0\"></span> apply to no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">related p<span class=\"_ _2\"></span>arties.</span> </span></div>\n<div class=\"t m0 x26 h4f y72b ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y72c ff201 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas compani<span class=\"_ _2\"></span>es may grant cred<span class=\"_ _2\"></span>its, loans or guar<span class=\"_ _2\"></span>antees in the no<span class=\"_ _2\"></span>rmal course of bu<span class=\"_ _2\"></span>siness to Board</div>\n<div class=\"t m0 x26 h4f ydf7 ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">M<span class=\"lse0 wsf0\">embers and </span>e<span class=\"lse0 wsef\">xecut<span class=\"_ _0\"></span>ive <span class=\"ls0 ws0\">m<span class=\"lse2 wsfa\">anagers or<span class=\"_ _2\"></span> to close family<span class=\"_ _2\"></span> members of the<span class=\"_ _2\"></span> Board </span>M</span><span class=\"wsf0\">embers or clos<span class=\"_ _2b\"></span>e family </span></span></div>\n<div class=\"t m0 x26 h4f ydf8 ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">members of<span class=\"_ _0\"></span> <span class=\"ls0 ws0\">e<span class=\"lsfb wsfa\">xecu<span class=\"_ _2\"></span>tive </span>m<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">anagers.</span> </span></div>\n<div class=\"t m0 x26 h4f ydf9 ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydfa ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As at 31<span class=\"ls0 ws0\"> </span><span class=\"wsef\">Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2022</span></span><span class=\"wsf0\">, no outst<span class=\"lse2 wsf1\">anding<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">or new<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>loans, credits or <span class=\"_ _2\"></span>bank guarantees ha<span class=\"ls0 ws0\">d<span class=\"_ _2\"></span> </span></span>been </span></span></span></div>\n<div class=\"t m0 x26 h4f ydfb ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">granted t<span class=\"_ _0\"></span>o Board <span class=\"ls0 ws0\">M</span>embers<span class=\"_ _0\"></span> and <span class=\"ls0 ws0\">e</span><span class=\"wsef\">xecutive <span class=\"ls0 ws0\">m<span class=\"lse2 wsfa\">anagers or to <span class=\"_ _2\"></span>close family member<span class=\"_ _2\"></span>s of the Board </span></span></span></div>\n<div class=\"t m0 x26 h4f ydfc ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">members a<span class=\"_ _2b\"></span>nd close family mem<span class=\"_ _0\"></span>bers of exe<span class=\"_ _0\"></span>cutive ma<span class=\"_ _0\"></span>nagers.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ydfd ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydfe ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">D<span class=\"lse2 wsf1\">uring</span> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fin<span class=\"_ _0\"></span>ancial ye<span class=\"_ _0\"></span>ar 2022, no t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions took pl<span class=\"_ _0\"></span>ace with<span class=\"_ _0\"></span>in the Ageas<span class=\"_ _0\"></span> group w<span class=\"_ _0\"></span>hich trigg<span class=\"_ _2b\"></span>ered the </span></div>\n<div class=\"t m0 x26 h4f ydff ff201 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">application<span class=\"_ _2\"></span> of the procedure.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ye00 ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ye01 ff201 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Transactions<span class=\"_ _2\"></span> and outstanding ba<span class=\"_ _2\"></span>lances between full<span class=\"_ _2\"></span>y<span class=\"ls0 ws0\">-</span>consolidated en<span class=\"_ _2\"></span>tities of Ageas g<span class=\"_ _2\"></span>roup are</div>\n<div class=\"t m0 x26 h4f ye02 ff201 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed. <span class=\"lse2 ws103\">The<span class=\"_ _2\"></span> tables below show the ou</span><span class=\"wsf0\">tstanding bal<span class=\"_ _2b\"></span>ances with associat<span class=\"_ _2b\"></span>es and joint ventur<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f ye03 ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff204 fs3c fc1f sc0 ls0 ws0\" style=\"left: 324px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f9 ff201 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 668px; bottom: 486px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y5f9 ff201 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 486px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff201 fs3c fc1f sc0 lsec ws100\" style=\"left: 324px; bottom: 470px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent <span class=\"ls0 ws0\">- <span class=\"lse4 wsf3\">related parties</span> </span></div>\n<div class=\"t m0 x13c h52 y60e ff201 fs3c fc1f sc0 ls0 ws0\" style=\"left: 688px; bottom: 470px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y60e ff205 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 470px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff201 fs3c fc14 sc0 lse7 ws0\" style=\"left: 324px; bottom: 455px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st inco<span class=\"_ _2b\"></span>me<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f9 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 455px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f9 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 455px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff201 fs3c fc14 sc0 lsef ws102\" style=\"left: 324px; bottom: 440px; z-index: 15;\">Insur<span class=\"_ _2\"></span>ance prem<span class=\"_ _2\"></span>iums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f7 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 440px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f7 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 440px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 426px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y5fc ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 683px; bottom: 426px; z-index: 15;\">5</div>\n<div class=\"t m0 x1d h52 y5fc ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 426px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5f7 ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 411px; z-index: 15;\">Realised gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f7 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 688px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x45 h52 y5f7 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 411px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 396px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y5ff ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 683px; bottom: 396px; z-index: 15;\">4</div>\n<div class=\"t m0 x1d h52 y5ff ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 396px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y601 ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 381px; z-index: 15;\">Change in provision for<span class=\"_ _0\"></span> insurance and investment con<span class=\"_ _0\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y601 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 381px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y601 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 381px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 366px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5ff ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 366px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5ff ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 366px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y167f ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1680 ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff201 fs3c fc1f sc0 ls0 ws0\" style=\"left: 324px; bottom: 319px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y601 ff201 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 668px; bottom: 319px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y601 ff201 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 319px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff201 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 324px; bottom: 303px; z-index: 15;\">Statement of financial position <span class=\"ls0 ws0\">- </span>related parties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y603 ff205 fs3c fc1f sc0 ls0 ws0\" style=\"left: 688px; bottom: 303px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y603 ff205 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 303px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff201 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 289px; z-index: 15;\">Financial Investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 289px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 289px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff201 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 274px; z-index: 15;\">Reinsurance share, trade and other receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y603 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 274px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y603 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 274px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 259px; z-index: 15;\">Related party <span class=\"wsf4\">loans<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x43 h52 y608 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 259px; z-index: 15;\">488<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y608 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 259px; z-index: 15;\">482<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff201 fs3c fc14 sc0 lse8 wsf9\" style=\"left: 324px; bottom: 244px; z-index: 15;\">Other assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y632 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 244px; z-index: 15;\">9</div>\n<div class=\"t m0 x1f4 h52 y632 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 789px; bottom: 244px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f2 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 229px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y5f2 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 688px; bottom: 229px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y5f2 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 229px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y632 ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 214px; z-index: 15;\">Liabilities arising from i<span class=\"_ _0\"></span>nsurance and investment con<span class=\"_ _0\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y632 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 214px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y632 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 214px; z-index: 15;\">45<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 199px; z-index: 15;\">Debt certificates, subordinated liabili<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ies and o<span class=\"_ _0\"></span>ther borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y5f9 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 199px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f4 h52 y5f9 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 789px; bottom: 199px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y60e ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 185px; z-index: 15;\">Other liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y60e ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 185px; z-index: 15;\">9</div>\n<div class=\"t m0 x66 h52 y60e ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 185px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 174px; height: 787px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 174px; height: 787px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y1030 ff208 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The changes in<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">l<span class=\"lse0 wsfa\">oans t<span class=\"_ _2b\"></span>o related part<span class=\"_ _0\"></span>ies duri<span class=\"_ _2b\"></span>ng the year ende<span class=\"_ _2b\"></span>d 31<span class=\"ls0 ws0\"> </span>December are <span class=\"_ _0\"></span>as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x14d h52 y603 ff208 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1069px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y603 ff208 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1069px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff208 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1069px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff208 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1053px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff20a fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1053px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff20a fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1053px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff20b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1038px; z-index: 15;\">Related party loans a<span class=\"_ _0\"></span>s at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff20b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1038px; z-index: 15;\">482<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff20b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1038px; z-index: 15;\">433<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff208 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1023px; z-index: 15;\">Additions or advances<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff208 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1023px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff208 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1023px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff208 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1009px; z-index: 15;\">Repayments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y632 ff208 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 1009px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y632 ff208 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 1009px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff208 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 994px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff208 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 994px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff208 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 994px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff20b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 979px; z-index: 15;\">Related party loans a<span class=\"_ _0\"></span>s at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 ydd0 ff20b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 979px; z-index: 15;\">488<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 ydd0 ff20b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 979px; z-index: 15;\">482<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 968px; height: 138px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 968px; height: 138px; width: 96%; z-index: 1;\"><br/></div>\n\n\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Informat<span class=\"_ _2\"></span>ion on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">opera<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ing<span class=\"_ _0\"></span> se<span class=\"_ _0\"></span>gments</div>\n<div class=\"t m0 x7 h6a y724 ff20f fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x7 h6a ydeb ff20f fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">General informat<span class=\"_ _2b\"></span>i<span class=\"_ _2\"></span>on <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16a2 ff20d fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Operati<span class=\"_ _0\"></span>ng seg<span class=\"lsfc ws115\">ments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a3 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas is o<span class=\"_ _2\"></span>rganised in <span class=\"lsfc ws115\">fi<span class=\"_ _2\"></span>ve<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">operating s<span class=\"_ _2b\"></span>egments:<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y16a4 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d ls102 ws11d\">Be<span class=\"_ _2\"></span>lgium;</span><span class=\"ff20d\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a5 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d lse0 wsf0\">Europe (exclud<span class=\"_ _0\"></span>ing Belgiu<span class=\"_ _2b\"></span>m);<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y16a6 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d lsfb wsfa\">A<span class=\"_ _2\"></span>sia;</span><span class=\"ff20d\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a7 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d lse2 ws103\">R<span class=\"_ _2\"></span>einsurance; and</span><span class=\"ff20d\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a8 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d lse2 wsfa\">Ge<span class=\"_ _2\"></span>neral Account.</span><span class=\"ff20d\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a9 ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16aa ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas has d<span class=\"_ _2\"></span>ecided that the<span class=\"_ _2\"></span> most appropriate w<span class=\"_ _2\"></span>ay of reporting <span class=\"_ _2\"></span>operating</div>\n<div class=\"t m0 x7 h4f y16ab ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">segments under<span class=\"_ _2\"></span> IFRS is per<span class=\"_ _2\"></span> region in which A<span class=\"_ _2\"></span>geas opera<span class=\"lsf4 ws114\">tes, i.e. </span></div>\n<div class=\"t m0 x7 h4f y16ac ff20d fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Belgium, <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">Europe (excluding<span class=\"_ _2\"></span> Belgium),<span class=\"ls0 ws0\"> </span><span class=\"lse0\">Asia and R<span class=\"_ _2b\"></span>einsurance. I<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x7 h4f y16ad ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">additio<span class=\"_ _2b\"></span>n, Ageas reports act<span class=\"_ _0\"></span>ivities t<span class=\"_ _0\"></span>hat are not re<span class=\"_ _2b\"></span>lated to the core</div>\n<div class=\"t m0 x7 h4f y16ae ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce busin<span class=\"_ _0\"></span>ess, such as G<span class=\"_ _0\"></span>roup fina<span class=\"_ _0\"></span>ncing an<span class=\"_ _0\"></span>d other hol<span class=\"_ _0\"></span>ding</div>\n<div class=\"t m0 x7 h4f y16af ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">activit<span class=\"_ _0\"></span>ies, in the Ge<span class=\"_ _0\"></span>neral Acc<span class=\"_ _0\"></span>ount, wh<span class=\"_ _0\"></span>ich is treat<span class=\"_ _2b\"></span>ed as a <span class=\"_ _2\"></span>sep<span class=\"_ _0\"></span>arate</div>\n<div class=\"t m0 x7 h4f y16b0 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ng segm<span class=\"_ _2b\"></span>ent. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16b1 ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16b2 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This segm<span class=\"_ _0\"></span>ent approa<span class=\"_ _0\"></span>ch is cons<span class=\"_ _0\"></span>istent wit<span class=\"_ _0\"></span>h the scopes of<span class=\"_ _0\"></span> manage<span class=\"_ _0\"></span>ment</div>\n<div class=\"t m0 x7 h4f y16b3 ff20d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">responsibili<span class=\"_ _2\"></span>ties.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16b4 ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16b5 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Transac<span class=\"_ _0\"></span>tions bet<span class=\"_ _0\"></span>ween the di<span class=\"_ _0\"></span>fferent<span class=\"_ _0\"></span> business<span class=\"_ _2b\"></span>es are executed un<span class=\"_ _0\"></span>der</div>\n<div class=\"t m0 x7 h4f y16b6 ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">standard commer<span class=\"_ _2\"></span>cial terms and conditions.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16b7 ff20d fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Allocation rul<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16b8 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In accord<span class=\"_ _0\"></span>ance<span class=\"ls0 ws0\"> </span>with Age<span class=\"_ _2b\"></span>as\u2019s business mod<span class=\"_ _2b\"></span>el, insurance com<span class=\"_ _0\"></span>panies</div>\n<div class=\"t m0 x7 h4f y16b9 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">report sup<span class=\"_ _2b\"></span>port activities d<span class=\"_ _2b\"></span>irectly in the<span class=\"lse2 wsfa\">ir operating segmen<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f y16ba ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16bb ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When al<span class=\"_ _0\"></span>locating <span class=\"_ _2b\"></span>items from the <span class=\"_ _2b\"></span>statement of fi<span class=\"_ _2b\"></span>nancial positi<span class=\"_ _2b\"></span>on to</div>\n<div class=\"t m0 x7 h4f y16bc ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ng segm<span class=\"_ _2b\"></span>ents, a bottom<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">up approach is us<span class=\"_ _2b\"></span>ed based on the </span></span></div>\n<div class=\"t m0 x7 h4f y16bd ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">products sold<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse1 ws11d\">to external customers. </span> </span></div>\n<div class=\"t m0 x7 h4f y16be ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16bf ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For the it<span class=\"_ _2b\"></span>ems in the state<span class=\"_ _2b\"></span>ment of financi<span class=\"_ _2b\"></span>al position no<span class=\"_ _0\"></span>t relat<span class=\"_ _0\"></span>ed to</div>\n<div class=\"t m0 x7 h4f y16c0 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span>s sold t<span class=\"_ _0\"></span>o custo<span class=\"_ _0\"></span>mers, a t<span class=\"_ _0\"></span>ailor<span class=\"ls0 ws0\">-</span><span class=\"lse2\">made methodology <span class=\"_ _2\"></span>adapted to the<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y16c1 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">specific bu<span class=\"_ _2\"></span>siness model of ea<span class=\"_ _2\"></span>ch reportable seg<span class=\"_ _2\"></span>ment is applied.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y724 ff20f fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls100 ws11a\">.2</span> </div>\n<div class=\"t m0 x1a h6a ydeb ff20f fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Belgiu<span class=\"_ _2\"></span>m<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y16a2 ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The Belgian in<span class=\"_ _2\"></span>surance activities, opera<span class=\"_ _2\"></span>ting under the name of</div>\n<div class=\"t m0 x1a h4f y16a3 ff20d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">AG<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">Insurance,<span class=\"_ _0\"></span> have a l<span class=\"_ _0\"></span>ongsta<span class=\"_ _0\"></span>nding hi<span class=\"_ _0\"></span>story. <span class=\"_ _0\"></span>AG<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Insurance <span class=\"_ _2\"></span><span class=\"lsfa ws114\">owns</span></span> </span><span class=\"wsef\">100%<span class=\"ls0 ws0\"> </span>of<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y16a4 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Real Est<span class=\"_ _0\"></span>ate, which m<span class=\"_ _2b\"></span>anages <span class=\"ls102 ws11d\">AG\u2019s<span class=\"ls0 ws0\"> </span></span>real estate activ<span class=\"_ _0\"></span>ities<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y16a5 ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y16a6 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance targets <span class=\"_ _0\"></span>private i<span class=\"_ _2b\"></span>ndividuals as w<span class=\"_ _2b\"></span>ell as small, m<span class=\"_ _0\"></span>edium<span class=\"ls0 ws0\">-</span><span class=\"lsfb\">sized </span></div>\n<div class=\"t m0 x1a h4f y16a7 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and larg<span class=\"_ _0\"></span>e compani<span class=\"_ _0\"></span>es. It offer<span class=\"_ _0\"></span>s its cust<span class=\"_ _0\"></span>omers a comp<span class=\"_ _2b\"></span>rehensive rang<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x1a h4f y16a8 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life and Non<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">life in<span class=\"_ _0\"></span>surance t<span class=\"_ _0\"></span>hrough v<span class=\"_ _0\"></span>arious cha<span class=\"_ _2b\"></span>nnels such as </span></span></div>\n<div class=\"t m0 x1a h4f y16a9 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">independent<span class=\"_ _2\"></span> brokers and via <span class=\"_ _2\"></span>the bank channels <span class=\"_ _2\"></span>of BNP Paribas</div>\n<div class=\"t m0 x1a h4f y16aa ff20d fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Fortis<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 ws103\">SA/NV and its subsidiarie<span class=\"_ _2\"></span>s. AG</span> <span class=\"lse2 wsfa\">Employee Bene<span class=\"_ _2\"></span>fits i<span class=\"lse0\">s the </span></span></span></div>\n<div class=\"t m0 x1a h4f y16ab ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dedicat<span class=\"_ _0\"></span>ed busin<span class=\"_ _0\"></span>ess unit off<span class=\"_ _0\"></span>ering gr<span class=\"_ _0\"></span>oup pensio<span class=\"_ _0\"></span>n and healt<span class=\"_ _0\"></span>h care</div>\n<div class=\"t m0 x1a h4f y16ac ff20d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">solutio<span class=\"_ _0\"></span>ns<span class=\"lse2 ws103\">, mainly to larger enterp<span class=\"_ _2\"></span>rises.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h6a y16c2 ff20f fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls10b ws12e\">.3</span> </div>\n<div class=\"t m0 x1a h6a y16c3 ff20f fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y16c4 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Europe co<span class=\"_ _0\"></span>nsists of t<span class=\"_ _0\"></span>he insura<span class=\"_ _0\"></span>nce activ<span class=\"_ _2b\"></span>ities of Ageas in Euro<span class=\"_ _0\"></span>pe,</div>\n<div class=\"t m0 x1a h4f y16c5 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">excluding Be<span class=\"_ _2\"></span>lgium. Ageas is a<span class=\"_ _2\"></span>ctive in Portugal<span class=\"_ _2\"></span>, <span class=\"lsf4 ws10c\">UK, </span><span class=\"wsf1\">France<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">and </span></span></span><span class=\"lsfb\">T\u00fcr<span class=\"_ _2\"></span>kiye<span class=\"lsf4 ws10c\">. </span></span></div>\n<div class=\"t m0 x1a h4f y16c6 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The product<span class=\"_ _2\"></span> range includes<span class=\"_ _2\"></span> Life (in Portuga<span class=\"ls0 ws0\">l<span class=\"_ _2\"></span>, </span><span class=\"wsf1\">France<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">and </span></span></span><span class=\"lsfb\">T<span class=\"_ _2\"></span>\u00fcrkiye<span class=\"lse0 wsf0\">) and </span></span></div>\n<div class=\"t m0 x1a h4f y16c7 ff20d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life<span class=\"_ _2\"></span> (in Portugal<span class=\"lsfa ws136\">, UK<span class=\"_ _2\"></span> </span></span>and <span class=\"lse1 wsf0\">T\u00fcrkiye<span class=\"ws11d\">). Access to <span class=\"lse0 wsfa\">markets is f<span class=\"_ _2b\"></span>acilitated </span></span></span></div>\n<div class=\"t m0 x1a h4f y16c8 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by a number of<span class=\"_ _0\"></span> key partn<span class=\"_ _0\"></span>erships w<span class=\"_ _0\"></span>ith compa<span class=\"_ _2b\"></span>nies having a sizea<span class=\"_ _0\"></span>ble</div>\n<div class=\"t m0 x1a h4f y16c9 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n in their res<span class=\"_ _2b\"></span>pective markets.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y16ca ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y16cb ff20d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span></span><span class=\"wsfa\">UK business is<span class=\"_ _2\"></span> one of the establi<span class=\"_ _2\"></span>shed general insur<span class=\"_ _2\"></span>ers in the </span></div>\n<div class=\"t m0 x1a h4f y16cc ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">UK, adopt<span class=\"_ _0\"></span>ing a mult<span class=\"_ _0\"></span>i<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">channel <span class=\"_ _2\"></span>distribution stra<span class=\"_ _2\"></span>tegy across b<span class=\"wsf1\">rokers<span class=\"_ _2\"></span>, </span></span></span></div>\n<div class=\"t m0 x1a h4f y16cd ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">affinity par<span class=\"_ _2\"></span>tners and direct distribution. T<span class=\"_ _2\"></span>he vision is to profitably<span class=\"_ _2\"></span> grow in</div>\n<div class=\"t m0 x1a h4f y16ce ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the UK ge<span class=\"_ _2b\"></span>neral insuranc<span class=\"_ _2b\"></span>e market thro<span class=\"_ _0\"></span>ugh the d<span class=\"_ _0\"></span>elivery <span class=\"_ _2b\"></span>of a wide range <span class=\"_ _2b\"></span>of</div>\n<div class=\"t m0 x1a h4f y16cf ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">insurance solu<span class=\"_ _2\"></span>tions, focusing on personal lin<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h6a y16d0 ff20f fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8.<span class=\"_ _2\"></span>4</div>\n<div class=\"t m0 x1a h6a y16d1 ff20f fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y16d2 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas is act<span class=\"_ _2b\"></span>ive in a number of count<span class=\"_ _2b\"></span>rie<span class=\"ls102 ws115\">s in<span class=\"_ _2\"></span> Asia<span class=\"lsf4 ws114\">. It has a<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">regional office </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y16d3 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">based in <span class=\"_ _0\"></span>Hong Kon<span class=\"_ _2b\"></span>g. The activiti<span class=\"_ _0\"></span>es are o<span class=\"_ _0\"></span>rganis<span class=\"_ _0\"></span>ed in the f<span class=\"_ _2b\"></span>orm of joint</div>\n<div class=\"t m0 x1a h4f y16d4 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>es with lea<span class=\"_ _0\"></span>ding local p<span class=\"_ _0\"></span>artners a<span class=\"_ _2b\"></span>nd financial instit<span class=\"_ _2b\"></span>utions in China<span class=\"ls0 ws0\">, </span></div>\n<div class=\"t m0 x1a h4f y16d5 ff20d fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Malay<span class=\"_ _2\"></span>sia<span class=\"lsf4 ws10c\">, <span class=\"lse2 wsf1\">Thailan<span class=\"_ _2\"></span>d</span>, <span class=\"ls102 ws11d\">India<span class=\"ls105 ws12a\">, The<span class=\"_ _2\"></span> </span>Philippines<span class=\"ls0 ws0\"> </span></span></span><span class=\"lse2\">and<span class=\"_ _2\"></span> Vietnam<span class=\"lsf4 ws114\">. T<span class=\"lse0 wsef\">hese <span class=\"ls106 ws124\">activitie<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y16d6 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are accou<span class=\"_ _2b\"></span>nted for as equity assoc<span class=\"_ _2b\"></span>iates<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">under IFRS<span class=\"_ _2\"></span></span></span><span class=\"wsfa\">, e<span class=\"_ _0\"></span>xcept fo<span class=\"_ _0\"></span>r AFLI<span class=\"ls0 ws0\">C </span></span></div>\n<div class=\"t m0 x1a h4f y16d7 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">which is<span class=\"_ _0\"></span> fully c<span class=\"_ _0\"></span>onsoli<span class=\"_ _2b\"></span>dated<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">since 2022<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 176px; height: 785px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 176px; height: 785px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 176px; height: 785px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff216 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8.<span class=\"_ _2\"></span>5</div>\n<div class=\"t m0 x7 h6a y79d ff216 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff214 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse2 wsfa\">he rei<span class=\"_ _2\"></span>nsurance activitie<span class=\"_ _2\"></span>s of </span>A<span class=\"lse2 wsf1\">geas SA<span class=\"_ _2\"></span>/<span class=\"lse0 wsf0\">NV are r<span class=\"_ _2b\"></span>eported in the </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff214 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Reinsurance Seg<span class=\"_ _2\"></span>ment<span class=\"ls105 ws12a\">. The<span class=\"lse0 wsfa\">se activit<span class=\"_ _0\"></span>ies com<span class=\"_ _2b\"></span>prise intra<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">group in<span class=\"_ _0\"></span>ward </span></span></span></div>\n<div class=\"t m0 x7 h4f y7a0 ff214 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ance and re<span class=\"_ _0\"></span>insuran<span class=\"_ _0\"></span>ce of third p<span class=\"_ _2b\"></span>arties. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y79c ff216 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8.<span class=\"_ _2\"></span>6</div>\n<div class=\"t m0 x1a h6a y79d ff216 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">General Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y79e ff214 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The General Accou<span class=\"_ _2\"></span>nt comprises activities not<span class=\"_ _2\"></span> related to the core</div>\n<div class=\"t m0 x1a h4f y79f ff214 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">insurance<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">bus<span class=\"_ _2b\"></span>iness, such as Group f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>ng and othe<span class=\"_ _0\"></span>r holdin<span class=\"_ _0\"></span>g </span></span></div>\n<div class=\"t m0 x1a h4f y7a0 ff214 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">activit<span class=\"_ _0\"></span>ies. In a<span class=\"_ _0\"></span>ddit<span class=\"wsf0\">io<span class=\"_ _2b\"></span>n, General Accoun<span class=\"_ _0\"></span>t also inclu<span class=\"_ _2b\"></span>des the investme<span class=\"_ _0\"></span>nt in </span></div>\n<div class=\"t m0 x1a h4f y7a1 ff214 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Royal Park<span class=\"_ _0\"></span> Investm<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> <span class=\"ls106 ws10c\">the liabilit</span>y </span>relat<span class=\"_ _0\"></span>ed to RPN(<span class=\"_ _0\"></span>I).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya7f ff214 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya80 ff214 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h6a yafc ff216 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8.<span class=\"_ _2\"></span>7</div>\n<div class=\"t m0 x7 h6a yda3 ff216 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Statement of financial<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>position<span class=\"_ _0\"></span> by operating segment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 861px; z-index: 15;\">31 <span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x142 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 315px; bottom: 861px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 369px; bottom: 861px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y605 ff214 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 433px; bottom: 861px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 458px; bottom: 861px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x144 h52 y603 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 876px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 520px; bottom: 861px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y603 ff214 fs3c fc1f sc0 lse7 ws109\" style=\"left: 606px; bottom: 876px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 587px; bottom: 861px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 876px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 861px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff214 fs3c fc1f sc0 lsef ws10a\" style=\"left: 721px; bottom: 876px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 697px; bottom: 861px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y605 ff214 fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 861px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff214 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 69px; bottom: 846px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 831px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 831px; z-index: 15;\">576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 831px; z-index: 15;\">288<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 831px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 831px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 831px; z-index: 15;\">994<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 831px; z-index: 15;\">159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 831px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 816px; z-index: 15;\">38,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 816px; z-index: 15;\">6,334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 427px; bottom: 816px; z-index: 15;\">1,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 485px; bottom: 816px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 816px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 816px; z-index: 15;\">46,810<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 816px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 816px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 816px; z-index: 15;\">46,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 801px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 801px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 801px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 801px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 786px; z-index: 15;\">14,528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 786px; z-index: 15;\">293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 786px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 786px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 786px; z-index: 15;\">14,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 786px; z-index: 15;\">1,465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 786px; z-index: 15;\">(864)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 786px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Investments related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 771px; z-index: 15;\">11,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 771px; z-index: 15;\">4,274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 771px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 771px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 771px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 756px; z-index: 15;\">446<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 756px; z-index: 15;\">271<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 427px; bottom: 756px; z-index: 15;\">4,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 756px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y60e ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 756px; z-index: 15;\">1</div>\n<div class=\"t m0 x164 h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 756px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 742px; z-index: 15;\">1,500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 742px; z-index: 15;\">1,971<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 742px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 742px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 742px; z-index: 15;\">(1,632)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 742px; z-index: 15;\">2,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 742px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 742px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 742px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Current tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 727px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 727px; z-index: 15;\">96<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 727px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f7 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f7 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 727px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 727px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f7 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Deferred tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 712px; z-index: 15;\">820<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 712px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 445px; bottom: 712px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 712px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 712px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 697px; z-index: 15;\">1,423<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 697px; z-index: 15;\">250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 697px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 697px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 697px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 697px; z-index: 15;\">1,851<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 697px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 697px; z-index: 15;\">(107)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 697px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 682px; z-index: 15;\">2,080<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 682px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 682px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 682px; z-index: 15;\">2,200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 682px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 682px; z-index: 15;\">1</div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 682px; z-index: 15;\">2,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 667px; z-index: 15;\">724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 667px; z-index: 15;\">703<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 667px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y601 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 667px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y601 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 667px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Assets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 652px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 652px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 652px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff217 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Total assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 638px; z-index: 15;\">73,917<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 638px; z-index: 15;\">19,233<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 638px; z-index: 15;\">6,090<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 638px; z-index: 15;\">1,746<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 638px; z-index: 15;\">(1,634)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 638px; z-index: 15;\">99,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 638px; z-index: 15;\">2,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 638px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 638px; z-index: 15;\">100,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Liabilities arising from <span class=\"_ _0\"></span>Life insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 593px; z-index: 15;\">23,855<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 593px; z-index: 15;\">574<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 427px; bottom: 593px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 503px; bottom: 593px; z-index: 15;\">2</div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 593px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 593px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 593px; z-index: 15;\">25,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Liabilities arising from Life investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y638 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 578px; z-index: 15;\">24,524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y638 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 578px; z-index: 15;\">4,176<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y638 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 578px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y638 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 578px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Liabilities related to <span class=\"wsf4\">unit<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">linked contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 563px; z-index: 15;\">11,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 563px; z-index: 15;\">4,280<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 563px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 563px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 563px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Liabilities arising from Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 549px; z-index: 15;\">4,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 549px; z-index: 15;\">3,317<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 485px; bottom: 549px; z-index: 15;\">1,712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 549px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 549px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 549px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 534px; z-index: 15;\">1,144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 534px; z-index: 15;\">255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 ydd0 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 ydd0 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 ydd0 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 534px; z-index: 15;\">1,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 534px; z-index: 15;\">1,887<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 534px; z-index: 15;\">(769)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 534px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 519px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 519px; z-index: 15;\">3,803<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 519px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 445px; bottom: 519px; z-index: 15;\">2</div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 519px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 519px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 519px; z-index: 15;\">3,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 519px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 519px; z-index: 15;\">(39)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 519px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 504px; z-index: 15;\">Current tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 504px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 504px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 504px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 504px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 504px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 489px; z-index: 15;\">Deferred tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 489px; z-index: 15;\">337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 489px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 445px; bottom: 489px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 489px; z-index: 15;\">376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 489px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 489px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff214 fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 474px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 399px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 474px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 474px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 459px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 459px; z-index: 15;\">2,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 459px; z-index: 15;\">439<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 459px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 459px; z-index: 15;\">135<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 459px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 459px; z-index: 15;\">2,615<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 459px; z-index: 15;\">272<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 459px; z-index: 15;\">(203)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 459px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 445px; z-index: 15;\">Provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 445px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 445px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 445px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 445px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 445px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Liabilities related to as<span class=\"_ _0\"></span>sets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 430px; z-index: 15;\">3,982<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 430px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 430px; z-index: 15;\">3,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 430px; z-index: 15;\">(55)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 430px; z-index: 15;\">3,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff217 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 415px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 415px; z-index: 15;\">71,270<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 415px; z-index: 15;\">17,108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 415px; z-index: 15;\">1,629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 415px; z-index: 15;\">1,849<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 415px; z-index: 15;\">(1,633)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 415px; z-index: 15;\">90,223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 415px; z-index: 15;\">2,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 415px; z-index: 15;\">(1,084)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 415px; z-index: 15;\">91,672<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 399px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 385px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 385px; z-index: 15;\">1,747<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 385px; z-index: 15;\">2,043<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 427px; bottom: 385px; z-index: 15;\">4,394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 385px; z-index: 15;\">(103)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 385px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 385px; z-index: 15;\">8,080<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 664px; bottom: 385px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 385px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 385px; z-index: 15;\">7,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 370px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 370px; z-index: 15;\">900<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 370px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 370px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 370px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 370px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 370px; z-index: 15;\">1,049<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 370px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 370px; z-index: 15;\">1</div>\n<div class=\"t m0 x196 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 370px; z-index: 15;\">1,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff217 fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 355px; z-index: 15;\">Total equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 355px; z-index: 15;\">2,647<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 355px; z-index: 15;\">2,125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 355px; z-index: 15;\">4,461<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 355px; z-index: 15;\">(103)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 558px; bottom: 355px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 355px; z-index: 15;\">9,129<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 664px; bottom: 355px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 735px; bottom: 355px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 355px; z-index: 15;\">8,632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff217 fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 326px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span> and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x151 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 326px; z-index: 15;\">73,917<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 326px; z-index: 15;\">19,233<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 326px; z-index: 15;\">6,090<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 326px; z-index: 15;\">1,746<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 326px; z-index: 15;\">(1,634)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 326px; z-index: 15;\">99,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 326px; z-index: 15;\">2,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 326px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 326px; z-index: 15;\">100,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff217 fs3c fc1f sc0 lsef ws15f\" style=\"left: 69px; bottom: 296px; z-index: 15;\">Numb<span class=\"_ _2\"></span>er of <span class=\"ws10a\">emplo<span class=\"_ _2\"></span>yees<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 296px; z-index: 15;\">7,369<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 296px; z-index: 15;\">3,583<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 296px; z-index: 15;\">2,251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y70b ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 296px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 296px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 296px; z-index: 15;\">13,203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 670px; bottom: 296px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y70b ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 296px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 296px; z-index: 15;\">13,388<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 285px; height: 821px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 285px; height: 821px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 285px; height: 821px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 315px; bottom: 1034px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 369px; bottom: 1034px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff219 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 432px; bottom: 1034px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 458px; bottom: 1034px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y601 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 520px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff219 fs3c fc1f sc0 lse7 ws109\" style=\"left: 606px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 587px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y601 ff219 fs3c fc1f sc0 lsef ws10a\" style=\"left: 721px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 697px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff219 fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff219 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 1004px; z-index: 15;\">655<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 1004px; z-index: 15;\">405<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 1004px; z-index: 15;\">4</div>\n<div class=\"t m0 x11c h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 1004px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1004px; z-index: 15;\">1,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 1004px; z-index: 15;\">724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1004px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 989px; z-index: 15;\">47,331<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 989px; z-index: 15;\">11,161<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 989px; z-index: 15;\">1,458<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 989px; z-index: 15;\">59,950<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 989px; z-index: 15;\">5</div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 989px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 989px; z-index: 15;\">59,952<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 974px; z-index: 15;\">2,850<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 974px; z-index: 15;\">268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 974px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 974px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 974px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 959px; z-index: 15;\">13,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 959px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 959px; z-index: 15;\">85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 959px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 959px; z-index: 15;\">14,047<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 959px; z-index: 15;\">1,315<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 959px; z-index: 15;\">(870)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 959px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Investments related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 945px; z-index: 15;\">12,387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 945px; z-index: 15;\">6,512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 930px; z-index: 15;\">370<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 930px; z-index: 15;\">146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 426px; bottom: 930px; z-index: 15;\">4,811<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 930px; z-index: 15;\">5,327<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 930px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 930px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 930px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 915px; z-index: 15;\">1,353<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 915px; z-index: 15;\">2,119<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 915px; z-index: 15;\">9</div>\n<div class=\"t m0 x11c h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 915px; z-index: 15;\">151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 915px; z-index: 15;\">(1,575)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 915px; z-index: 15;\">2,057<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 915px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 915px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 915px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Current tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 900px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 900px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Deferred tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 885px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 885px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 885px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Accrued <span class=\"wsf3\">interest and other assets<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 870px; z-index: 15;\">1,493<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 870px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 870px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 870px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 870px; z-index: 15;\">1,987<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 870px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 870px; z-index: 15;\">(102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 870px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 855px; z-index: 15;\">1,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 855px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 855px; z-index: 15;\">2</div>\n<div class=\"t m0 x160 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 855px; z-index: 15;\">1,724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 855px; z-index: 15;\">8</div>\n<div class=\"t m0 x160 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 855px; z-index: 15;\">1,732<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 841px; z-index: 15;\">604<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 841px; z-index: 15;\">718<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 841px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 841px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Assets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 811px; z-index: 15;\">82,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 811px; z-index: 15;\">22,290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 426px; bottom: 811px; z-index: 15;\">4,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 811px; z-index: 15;\">1,996<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 811px; z-index: 15;\">(1,590)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 811px; z-index: 15;\">109,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 811px; z-index: 15;\">2,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 811px; z-index: 15;\">(1,087)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 811px; z-index: 15;\">111,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Liabilities arising from <span class=\"_ _0\"></span>Life insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 766px; z-index: 15;\">25,008<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 766px; z-index: 15;\">3,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 766px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 766px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 766px; z-index: 15;\">28,688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 730px; bottom: 766px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 766px; z-index: 15;\">28,673<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Liabilities arising from Life investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 752px; z-index: 15;\">25,609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 752px; z-index: 15;\">5,008<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Liabilities related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 737px; z-index: 15;\">12,387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 737px; z-index: 15;\">6,515<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 737px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Liabilities arising from Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 722px; z-index: 15;\">4,345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 722px; z-index: 15;\">3,449<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y632 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 722px; z-index: 15;\">1,643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 722px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y632 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y632 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 707px; z-index: 15;\">1,143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 707px; z-index: 15;\">317<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 707px; z-index: 15;\">1,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 707px; z-index: 15;\">2,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 707px; z-index: 15;\">(830)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 707px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 692px; z-index: 15;\">3,608<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 692px; z-index: 15;\">45<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 ydd0 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 692px; z-index: 15;\">2</div>\n<div class=\"t m0 x160 h52 ydd0 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 692px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 692px; z-index: 15;\">3,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 ydd0 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 692px; z-index: 15;\">6</div>\n<div class=\"t m0 x11c h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 730px; bottom: 692px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 692px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Current tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 677px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 677px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 677px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 677px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Deferred tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 662px; z-index: 15;\">878<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 662px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y63a ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 662px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 662px; z-index: 15;\">956<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 662px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y63a ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 662px; z-index: 15;\">971<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff219 fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 648px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 648px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 648px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 633px; z-index: 15;\">2,250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 633px; z-index: 15;\">509<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 633px; z-index: 15;\">9</div>\n<div class=\"t m0 x11c h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 633px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 633px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 633px; z-index: 15;\">2,903<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 633px; z-index: 15;\">131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 633px; z-index: 15;\">(200)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 633px; z-index: 15;\">2,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 618px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 618px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 618px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 618px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 618px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff21c fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 603px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 603px; z-index: 15;\">75,299<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 603px; z-index: 15;\">19,602<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 439px; bottom: 603px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 603px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 603px; z-index: 15;\">(1,590)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 603px; z-index: 15;\">95,148<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 603px; z-index: 15;\">2,904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 603px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 603px; z-index: 15;\">96,967<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 573px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 573px; z-index: 15;\">5,025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 573px; z-index: 15;\">2,400<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 426px; bottom: 573px; z-index: 15;\">4,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 573px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 573px; z-index: 15;\">3</div>\n<div class=\"t m0 x19e h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 573px; z-index: 15;\">12,413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 664px; bottom: 573px; z-index: 15;\">(493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 573px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 573px; z-index: 15;\">11,914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 558px; z-index: 15;\">1,969<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 558px; z-index: 15;\">288<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 558px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 558px; z-index: 15;\">2,254<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 558px; z-index: 15;\">4</div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 558px; z-index: 15;\">2,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff21c fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Total equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 544px; z-index: 15;\">6,994<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 544px; z-index: 15;\">2,688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 426px; bottom: 544px; z-index: 15;\">4,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 493px; bottom: 544px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 544px; z-index: 15;\">14,667<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 664px; bottom: 544px; z-index: 15;\">(493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 735px; bottom: 544px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 544px; z-index: 15;\">14,172<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff21c fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 514px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span> and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x151 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 514px; z-index: 15;\">82,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 514px; z-index: 15;\">22,290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 426px; bottom: 514px; z-index: 15;\">4,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 514px; z-index: 15;\">1,996<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 514px; z-index: 15;\">(1,590)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 514px; z-index: 15;\">109,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 514px; z-index: 15;\">2,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 514px; z-index: 15;\">(1,087)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 514px; z-index: 15;\">111,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff21c fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Number<span class=\"_ _0\"></span> of empl<span class=\"_ _0\"></span>oyees<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 484px; z-index: 15;\">6,111<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 484px; z-index: 15;\">3,752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 439px; bottom: 484px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y638 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y638 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 484px; z-index: 15;\">9,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 670px; bottom: 484px; z-index: 15;\">169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y638 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 484px; z-index: 15;\">10,101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 473px; height: 570px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 473px; height: 570px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 473px; height: 570px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff220 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">8.9<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff220 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Income <span class=\"ls101 ws11b\">statement by operating segment<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 316px; bottom: 1034px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 1034px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff21e fs3c fc1f sc0 lse5 wsf5\" style=\"left: 444px; bottom: 1034px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 467px; bottom: 1034px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 526px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff21e fs3c fc1f sc0 lse7 ws109\" style=\"left: 609px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 590px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 652px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff21e fs3c fc1f sc0 lsef ws10a\" style=\"left: 717px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff21e fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff21e fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 629px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 742px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lsed wsff\">Gross pre<span class=\"_ _0\"></span>mium inco<span class=\"_ _2b\"></span>me<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 1004px; z-index: 15;\">5,831<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 1004px; z-index: 15;\">2,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 1004px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 1004px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 1004px; z-index: 15;\">(1,497)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 1004px; z-index: 15;\">8,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 1004px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 1004px; z-index: 15;\">8,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 989px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Change in unearned premiums</span> </div>\n<div class=\"t m0 x163 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 989px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 395px; bottom: 989px; z-index: 15;\">79<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 507px; bottom: 989px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 989px; z-index: 15;\">(27)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 989px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 989px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 989px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Ceded earned premiums</span> </div>\n<div class=\"t m0 x152 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 974px; z-index: 15;\">(853)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 376px; bottom: 974px; z-index: 15;\">(1,013)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 974px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 974px; z-index: 15;\">(91)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 974px; z-index: 15;\">1,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 974px; z-index: 15;\">(466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 974px; z-index: 15;\">(466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 959px; z-index: 15;\">4,955<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 959px; z-index: 15;\">2,017<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 959px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 959px; z-index: 15;\">1,500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 959px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 959px; z-index: 15;\">8,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 959px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 959px; z-index: 15;\">8,507<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Interest, dividend and othe<span class=\"_ _0\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">investment income</span> </div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 930px; z-index: 15;\">2,386<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 930px; z-index: 15;\">208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 930px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 507px; bottom: 930px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 930px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 930px; z-index: 15;\">2,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 930px; z-index: 15;\">45<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 726px; bottom: 930px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 930px; z-index: 15;\">2,648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Unrealised gain (loss) <span class=\"_ _0\"></span>on RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 915px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 915px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Result on sales and re<span class=\"_ _0\"></span>valuations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 900px; z-index: 15;\">313<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 900px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 900px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 900px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 900px; z-index: 15;\">465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 900px; z-index: 15;\">155<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 737px; bottom: 900px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 900px; z-index: 15;\">621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff21e fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome relate<span class=\"_ _2\"></span>d to invest<span class=\"_ _2\"></span>ments fo<span class=\"_ _2\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 870px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">unit</span>-<span class=\"lse4 wsf6\">link<span class=\"_ _2\"></span>ed contrac<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 321px; bottom: 870px; z-index: 15;\">(1,844)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 870px; z-index: 15;\">(697)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 870px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 870px; z-index: 15;\">1</div>\n<div class=\"t m0 x11d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 870px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 870px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 855px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 855px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 855px; z-index: 15;\">253<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 855px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 855px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 841px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 841px; z-index: 15;\">436<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5ff ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 457px; bottom: 841px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f1 h52 y5ff ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 511px; bottom: 841px; z-index: 15;\">7</div>\n<div class=\"t m0 x152 h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 841px; z-index: 15;\">(507)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 841px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 841px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 826px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 395px; bottom: 826px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 826px; z-index: 15;\">309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 826px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 726px; bottom: 826px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 826px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff221 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 327px; bottom: 811px; z-index: 15;\">6,563<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 811px; z-index: 15;\">2,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 811px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 494px; bottom: 811px; z-index: 15;\">1,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 553px; bottom: 811px; z-index: 15;\">(539)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 811px; z-index: 15;\">10,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 811px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 726px; bottom: 811px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 771px; bottom: 811px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff222 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 629px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 742px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 629px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 742px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 766px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 321px; bottom: 766px; z-index: 15;\">(5,468)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 376px; bottom: 766px; z-index: 15;\">(2,110)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 766px; z-index: 15;\">(87)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 766px; z-index: 15;\">(993)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 559px; bottom: 766px; z-index: 15;\">923<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 766px; z-index: 15;\">(7,735)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y605 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y605 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 737px; bottom: 766px; z-index: 15;\">3</div>\n<div class=\"t m0 x11d h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 766px; z-index: 15;\">(7,732)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, ce<span class=\"_ _0\"></span>ded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11c h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 752px; z-index: 15;\">536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 752px; z-index: 15;\">570<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 752px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 507px; bottom: 752px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 752px; z-index: 15;\">(896)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 752px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 752px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Insurance claims and benefits,<span class=\"_ _0\"></span> net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 321px; bottom: 737px; z-index: 15;\">(4,932)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 376px; bottom: 737px; z-index: 15;\">(1,540)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 737px; z-index: 15;\">(88)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 737px; z-index: 15;\">(954)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 737px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 737px; z-index: 15;\">(7,487)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 737px; bottom: 737px; z-index: 15;\">3</div>\n<div class=\"t m0 x11d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 737px; z-index: 15;\">(7,484)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Charges related to unit<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked contracts</span> </span></div>\n<div class=\"t m0 x21f h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 722px; z-index: 15;\">1,721<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 722px; z-index: 15;\">655<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 722px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 722px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 722px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Financing costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 707px; z-index: 15;\">(134)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 707px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 707px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 707px; z-index: 15;\">(154)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 669px; bottom: 707px; z-index: 15;\">(72)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 707px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 707px; z-index: 15;\">(187)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Change in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 692px; z-index: 15;\">(119)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 692px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 692px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 692px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 692px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Change in provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 345px; bottom: 677px; z-index: 15;\">2</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 677px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 677px; z-index: 15;\">4</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 677px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y63a ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 662px; z-index: 15;\">(704)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 662px; z-index: 15;\">(406)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 662px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 662px; z-index: 15;\">(530)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 559px; bottom: 662px; z-index: 15;\">506<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 662px; z-index: 15;\">(1,138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 662px; z-index: 15;\">(1,138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 648px; z-index: 15;\">(622)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 648px; z-index: 15;\">(234)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 648px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 648px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 648px; z-index: 15;\">(889)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 669px; bottom: 648px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 737px; bottom: 648px; z-index: 15;\">3</div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 648px; z-index: 15;\">(922)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 633px; z-index: 15;\">(967)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 633px; z-index: 15;\">(375)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 633px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 633px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 633px; z-index: 15;\">6</div>\n<div class=\"t m0 x11d h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 633px; z-index: 15;\">(1,360)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 669px; bottom: 633px; z-index: 15;\">(74)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 633px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 633px; z-index: 15;\">(1,412)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Total expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 321px; bottom: 618px; z-index: 15;\">(5,755)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 376px; bottom: 618px; z-index: 15;\">(1,939)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 441px; bottom: 618px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 618px; z-index: 15;\">(1,498)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 559px; bottom: 618px; z-index: 15;\">539<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 618px; z-index: 15;\">(8,820)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 618px; z-index: 15;\">(178)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 733px; bottom: 618px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 618px; z-index: 15;\">(8,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 629px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 742px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 588px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 390px; bottom: 588px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 588px; z-index: 15;\">246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 588px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 607px; bottom: 588px; z-index: 15;\">1,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 588px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5ff ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 737px; bottom: 588px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 588px; z-index: 15;\">1,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff221 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff21e fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Tax inc<span class=\"_ _2\"></span>ome (expe<span class=\"_ _2\"></span>nses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 558px; z-index: 15;\">(169)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 558px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 558px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 558px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 669px; bottom: 558px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 558px; z-index: 15;\">(229)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff221 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Net result for the period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 529px; z-index: 15;\">639<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 390px; bottom: 529px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 529px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 529px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 607px; bottom: 529px; z-index: 15;\">1,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 529px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 737px; bottom: 529px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 529px; z-index: 15;\">1,223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 514px; z-index: 15;\">Attributable to <span class=\"lsec wsfe\">non<span class=\"ls0 ws0\">-</span></span>controlling interests<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 514px; z-index: 15;\">175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 395px; bottom: 514px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y638 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 514px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y638 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 514px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o shareholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 499px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 390px; bottom: 499px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 499px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 499px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 615px; bottom: 499px; z-index: 15;\">857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 499px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5f4 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 737px; bottom: 499px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 499px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Total income from external<span class=\"_ _0\"></span> customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 469px; z-index: 15;\">6,917<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 469px; z-index: 15;\">2,739<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 469px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 469px; z-index: 15;\">10,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 469px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 469px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">Total income internal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 454px; z-index: 15;\">(354)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 454px; z-index: 15;\">(608)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 454px; z-index: 15;\">1,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 454px; z-index: 15;\">(539)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 454px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 454px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 726px; bottom: 454px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff221 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 440px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 327px; bottom: 440px; z-index: 15;\">6,563<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 440px; z-index: 15;\">2,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 440px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 494px; bottom: 440px; z-index: 15;\">1,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 553px; bottom: 440px; z-index: 15;\">(539)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 440px; z-index: 15;\">10,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 440px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 726px; bottom: 440px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 771px; bottom: 440px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y172b ff21e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y172c ff21e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y172d ff21e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Gross inflow (s<span class=\"_ _2\"></span>um of gross written premiums and<span class=\"_ _2\"></span> premium inflow from investmen<span class=\"_ _2\"></span>t contracts without discre<span class=\"_ _2\"></span>tionary participation <span class=\"lse0 wsf0\">features) can b<span class=\"_ _0\"></span>e <span class=\"wsef\">present<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y172e ff21e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y172f ff21e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 460px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 330px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 316px; bottom: 330px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 330px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff21e fs3c fc1f sc0 lse5 wsf5\" style=\"left: 443px; bottom: 330px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 467px; bottom: 330px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5f7 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 345px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 526px; bottom: 330px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff21e fs3c fc1f sc0 lse7 ws109\" style=\"left: 609px; bottom: 345px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 590px; bottom: 330px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 345px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 652px; bottom: 330px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f7 ff21e fs3c fc1f sc0 lsef ws10a\" style=\"left: 717px; bottom: 345px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 330px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 330px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff221 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 460px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 300px; z-index: 15;\">Gross pre<span class=\"_ _2b\"></span>mium income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 300px; z-index: 15;\">5,831<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 300px; z-index: 15;\">2,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 300px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 300px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 300px; z-index: 15;\">(1,497)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 300px; z-index: 15;\">8,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 300px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 300px; z-index: 15;\">8,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 285px; z-index: 15;\">Inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y647 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 285px; z-index: 15;\">778<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y647 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 285px; z-index: 15;\">561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 460px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y647 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 285px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y647 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 285px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff221 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 270px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 327px; bottom: 270px; z-index: 15;\">6,609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 270px; z-index: 15;\">3,512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 451px; bottom: 270px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 494px; bottom: 270px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 270px; z-index: 15;\">(1,497)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 270px; z-index: 15;\">10,271<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 731px; bottom: 270px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 270px; z-index: 15;\">10,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 259px; height: 847px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 259px; height: 847px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 259px; height: 847px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 321px; bottom: 1034px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 380px; bottom: 1034px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y603 ff224 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 446px; bottom: 1034px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 471px; bottom: 1034px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 536px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 526px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff224 fs3c fc1f sc0 lse7 ws109\" style=\"left: 612px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 593px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y601 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff224 fs3c fc1f sc0 lsef ws10a\" style=\"left: 719px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff224 fs3c fc1f sc0 lse7 ws109\" style=\"left: 778px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff224 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 744px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lsed wsff\">Gross pre<span class=\"_ _0\"></span>mium inco<span class=\"_ _2b\"></span>me<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 1004px; z-index: 15;\">5,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 1004px; z-index: 15;\">3,181<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 1004px; z-index: 15;\">1,623<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 1004px; z-index: 15;\">(1,571)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 1004px; z-index: 15;\">8,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 1004px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1004px; z-index: 15;\">8,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 989px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Change in unearned premiums</span> </div>\n<div class=\"t m0 x9 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 343px; bottom: 989px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 989px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 503px; bottom: 989px; z-index: 15;\">(61)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 566px; bottom: 989px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 623px; bottom: 989px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 989px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 989px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Ceded earned premiums</span> </div>\n<div class=\"t m0 x152 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 974px; z-index: 15;\">(806)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 974px; z-index: 15;\">(1,050)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 503px; bottom: 974px; z-index: 15;\">(83)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 974px; z-index: 15;\">1,479<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 974px; z-index: 15;\">(460)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 974px; z-index: 15;\">(460)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 959px; z-index: 15;\">4,934<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 959px; z-index: 15;\">2,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 959px; z-index: 15;\">1,479<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 959px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 959px; z-index: 15;\">8,536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 959px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 959px; z-index: 15;\">8,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Interest, dividend and othe<span class=\"_ _0\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">investment income</span> </div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 930px; z-index: 15;\">2,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 930px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 930px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 930px; z-index: 15;\">2,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 930px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 930px; z-index: 15;\">(37)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 930px; z-index: 15;\">2,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Unrealised gain <span class=\"lsf0 wsff\">(loss) on RPN(I<span class=\"_ _2\"></span>)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 667px; bottom: 915px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 915px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Result on sales and re<span class=\"_ _0\"></span>valuations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 900px; z-index: 15;\">240<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 515px; bottom: 900px; z-index: 15;\">3</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 900px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 900px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 900px; z-index: 15;\">2</div>\n<div class=\"t m0 x163 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 900px; z-index: 15;\">294<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff224 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome relate<span class=\"_ _2\"></span>d to invest<span class=\"_ _2\"></span>ments fo<span class=\"_ _2\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 870px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">unit</span>-<span class=\"lse4 wsf6\">link<span class=\"_ _2\"></span>ed contrac<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 870px; z-index: 15;\">1,062<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 870px; z-index: 15;\">344<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 870px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 870px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 345px; bottom: 855px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 855px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 448px; bottom: 855px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 855px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 855px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 855px; z-index: 15;\">1</div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 855px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 841px; z-index: 15;\">506<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 841px; z-index: 15;\">488<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5ff ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 515px; bottom: 841px; z-index: 15;\">7</div>\n<div class=\"t m0 x152 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 841px; z-index: 15;\">(534)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 841px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 841px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 826px; z-index: 15;\">234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 826px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 826px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 826px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y601 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 826px; z-index: 15;\">8</div>\n<div class=\"t m0 x31c h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 826px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 826px; z-index: 15;\">282<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff224 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 811px; z-index: 15;\">9,176<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 811px; z-index: 15;\">3,341<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 811px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 811px; z-index: 15;\">1,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 555px; bottom: 811px; z-index: 15;\">(566)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 811px; z-index: 15;\">13,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 670px; bottom: 811px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 811px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 770px; bottom: 811px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 744px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 744px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 766px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 766px; z-index: 15;\">(5,574)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 766px; z-index: 15;\">(2,121)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y605 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 766px; z-index: 15;\">(892)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 559px; bottom: 766px; z-index: 15;\">827<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 766px; z-index: 15;\">(7,760)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y605 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y605 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 766px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 766px; z-index: 15;\">(7,757)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, ce<span class=\"_ _0\"></span>ded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x163 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 752px; z-index: 15;\">513<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 752px; z-index: 15;\">539<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 752px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 752px; z-index: 15;\">(801)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 752px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 752px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Insurance claims and benefits,<span class=\"_ _0\"></span> net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 737px; z-index: 15;\">(5,061)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 737px; z-index: 15;\">(1,582)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 737px; z-index: 15;\">(857)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 566px; bottom: 737px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 737px; z-index: 15;\">(7,474)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 737px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 737px; z-index: 15;\">(7,471)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Charges related to unit<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked contracts</span> </span></div>\n<div class=\"t m0 x196 h52 y632 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 722px; z-index: 15;\">(1,167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y632 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 722px; z-index: 15;\">(405)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y632 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 722px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y632 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 722px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Financing costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 707px; z-index: 15;\">(88)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 707px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 707px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 570px; bottom: 707px; z-index: 15;\">1</div>\n<div class=\"t m0 x152 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 707px; z-index: 15;\">(106)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 707px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 707px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 707px; z-index: 15;\">(138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Change in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 692px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 398px; bottom: 692px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 692px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 692px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Change in provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 677px; z-index: 15;\">2</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 677px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 677px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 677px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 662px; z-index: 15;\">(718)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 662px; z-index: 15;\">(472)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 662px; z-index: 15;\">(558)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 559px; bottom: 662px; z-index: 15;\">535<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 662px; z-index: 15;\">(1,213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 662px; z-index: 15;\">(1,213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 648px; z-index: 15;\">(560)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 648px; z-index: 15;\">(237)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 648px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 648px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 570px; bottom: 648px; z-index: 15;\">0</div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 648px; z-index: 15;\">(821)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 648px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 648px; z-index: 15;\">4</div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 648px; z-index: 15;\">(852)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 633px; z-index: 15;\">(872)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 633px; z-index: 15;\">(351)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 453px; bottom: 633px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 633px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 570px; bottom: 633px; z-index: 15;\">4</div>\n<div class=\"t m0 x196 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 633px; z-index: 15;\">(1,228)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 633px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 633px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 633px; z-index: 15;\">(1,269)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Total expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 618px; z-index: 15;\">(8,502)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 380px; bottom: 618px; z-index: 15;\">(3,068)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 618px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 618px; z-index: 15;\">(1,423)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 559px; bottom: 618px; z-index: 15;\">566<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 618px; z-index: 15;\">(12,453)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 667px; bottom: 618px; z-index: 15;\">(150)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 735px; bottom: 618px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 618px; z-index: 15;\">(12,541)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 744px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 338px; bottom: 588px; z-index: 15;\">674<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 393px; bottom: 588px; z-index: 15;\">273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 588px; z-index: 15;\">403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 588px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 588px; z-index: 15;\">1,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 667px; bottom: 588px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5ff ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 739px; bottom: 588px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 588px; z-index: 15;\">1,231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Tax inc<span class=\"_ _2\"></span>ome (expe<span class=\"_ _2\"></span>nses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 558px; z-index: 15;\">(136)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 558px; z-index: 15;\">(59)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 558px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 558px; z-index: 15;\">(196)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 558px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 558px; z-index: 15;\">(215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff227 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Net result for the period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 338px; bottom: 529px; z-index: 15;\">538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 393px; bottom: 529px; z-index: 15;\">214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 529px; z-index: 15;\">403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 529px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 564px; bottom: 529px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 529px; z-index: 15;\">1,241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 667px; bottom: 529px; z-index: 15;\">(227)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 739px; bottom: 529px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 529px; z-index: 15;\">1,016<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 514px; z-index: 15;\">Attributable to non<span class=\"ls0 ws0\">-</span>controlling interests<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 514px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 514px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 514px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 514px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 514px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o shareholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 338px; bottom: 499px; z-index: 15;\">400<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 393px; bottom: 499px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 499px; z-index: 15;\">403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 499px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 499px; z-index: 15;\">1,070<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 667px; bottom: 499px; z-index: 15;\">(227)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5f4 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 739px; bottom: 499px; z-index: 15;\">2</div>\n<div class=\"t m0 x163 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 499px; z-index: 15;\">845<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Total income from external<span class=\"_ _0\"></span> customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 469px; z-index: 15;\">9,502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 469px; z-index: 15;\">3,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 448px; bottom: 469px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 570px; bottom: 469px; z-index: 15;\">0</div>\n<div class=\"t m0 x11d h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 469px; z-index: 15;\">13,868<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 469px; z-index: 15;\">(96)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 469px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">Total income internal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 454px; z-index: 15;\">(326)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 454px; z-index: 15;\">(596)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 454px; z-index: 15;\">1,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 454px; z-index: 15;\">(566)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 623px; bottom: 454px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 454px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 454px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff227 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 440px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 440px; z-index: 15;\">9,176<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 440px; z-index: 15;\">3,341<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 440px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 440px; z-index: 15;\">1,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 555px; bottom: 440px; z-index: 15;\">(566)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 440px; z-index: 15;\">13,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 670px; bottom: 440px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 440px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 770px; bottom: 440px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y172b ff224 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y172c ff224 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y172d ff224 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Gross inflow (s<span class=\"_ _2\"></span>um of gross written premiums and<span class=\"_ _2\"></span> premium inflow from investmen<span class=\"_ _2\"></span>t contracts without discre<span class=\"_ _2\"></span>tionary participation <span class=\"lse0 wsf0\">features) can b<span class=\"_ _0\"></span>e <span class=\"wsef\">present<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y172e ff224 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y172f ff224 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 330px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 321px; bottom: 330px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 380px; bottom: 330px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff224 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 446px; bottom: 330px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 471px; bottom: 330px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5f7 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 536px; bottom: 345px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 526px; bottom: 330px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff224 fs3c fc1f sc0 lse7 ws109\" style=\"left: 612px; bottom: 345px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 593px; bottom: 330px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f7 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 345px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 330px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f7 ff224 fs3c fc1f sc0 lsef ws10a\" style=\"left: 719px; bottom: 345px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 330px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc1f sc0 lse7 ws109\" style=\"left: 778px; bottom: 330px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 300px; z-index: 15;\">Gross pre<span class=\"_ _2b\"></span>mium income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 300px; z-index: 15;\">5,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 300px; z-index: 15;\">3,181<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 300px; z-index: 15;\">1,623<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 300px; z-index: 15;\">(1,571)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 300px; z-index: 15;\">8,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 300px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 300px; z-index: 15;\">8,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 285px; z-index: 15;\">Inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 285px; z-index: 15;\">927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 285px; z-index: 15;\">900<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 285px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 285px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 285px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff227 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 270px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 270px; z-index: 15;\">6,675<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 270px; z-index: 15;\">4,081<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 270px; z-index: 15;\">1,623<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 546px; bottom: 270px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 270px; z-index: 15;\">10,807<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 733px; bottom: 270px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 770px; bottom: 270px; z-index: 15;\">10,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 259px; height: 784px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 259px; height: 784px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 259px; height: 784px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff22c fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls103 ws11f\">.10</span> </div>\n<div class=\"t m0 x7 h6a y79d ff22c fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">State<span class=\"_ _2\"></span>ment of <span class=\"_ _2\"></span>financi<span class=\"_ _2\"></span>al posit<span class=\"_ _2\"></span>ion spli<span class=\"_ _2\"></span>t into <span class=\"_ _2\"></span>Life a<span class=\"_ _2\"></span>nd Non<span class=\"ls0 ws0\">-<span class=\"ls112 ws133\">li<span class=\"_ _2\"></span>fe</span> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1034px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 1034px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x154 h52 y601 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y601 ff22a fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff22a fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1049px; z-index: 15;\"> </div>\n<div id=\"fs_U3AFMDVOA800000000000000000000\"><br/></div>\n<div class=\"t m0 x152 h52 y603 ff22a fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff22a fs3c fc1f sc0 lse5 wsf5\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1004px; z-index: 15;\">680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 1004px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 1004px; z-index: 15;\">994<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 1004px; z-index: 15;\">159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1004px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 989px; z-index: 15;\">40,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 989px; z-index: 15;\">6,170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 989px; z-index: 15;\">46,810<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 989px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 989px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 989px; z-index: 15;\">46,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 974px; z-index: 15;\">2,799<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 974px; z-index: 15;\">231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 974px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 974px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 959px; z-index: 15;\">13,693<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 959px; z-index: 15;\">1,279<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 959px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 959px; z-index: 15;\">14,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 959px; z-index: 15;\">1,465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 959px; z-index: 15;\">(864)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 959px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Investments related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 945px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 945px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 945px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Equity accounted <span class=\"wsf4\">investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 930px; z-index: 15;\">4,098<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 930px; z-index: 15;\">810<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 930px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 930px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 930px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 930px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 915px; z-index: 15;\">419<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 915px; z-index: 15;\">1,882<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 915px; z-index: 15;\">(291)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 915px; z-index: 15;\">2,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 915px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 915px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 915px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Current tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 900px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 900px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 900px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 900px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Deferred tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 885px; z-index: 15;\">683<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 885px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 885px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 870px; z-index: 15;\">1,296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 870px; z-index: 15;\">558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 870px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 870px; z-index: 15;\">1,851<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 870px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 870px; z-index: 15;\">(107)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 870px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 855px; z-index: 15;\">1,858<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 855px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 855px; z-index: 15;\">2,200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 855px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 855px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 855px; z-index: 15;\">2,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 841px; z-index: 15;\">1,190<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 841px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 841px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 841px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Assets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 826px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 826px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 826px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 811px; z-index: 15;\">87,459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 463px; bottom: 811px; z-index: 15;\">12,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 811px; z-index: 15;\">(334)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 811px; z-index: 15;\">99,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 811px; z-index: 15;\">2,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 811px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 811px; z-index: 15;\">100,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Liabilities arising from <span class=\"_ _0\"></span>Life insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 766px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 766px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 766px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 766px; z-index: 15;\">25,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Liabilities arising from Life investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 752px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 752px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 752px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Liabilities related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 737px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 737px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 737px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Liabilities arising from Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y632 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 722px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y632 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y632 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 722px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 722px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 707px; z-index: 15;\">1,052<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 707px; z-index: 15;\">388<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 707px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 707px; z-index: 15;\">1,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 707px; z-index: 15;\">1,887<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 707px; z-index: 15;\">(769)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 707px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 692px; z-index: 15;\">3,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 692px; z-index: 15;\">397<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 692px; z-index: 15;\">3,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 692px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 692px; z-index: 15;\">(39)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 692px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Current tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 677px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 677px; z-index: 15;\">6</div>\n<div class=\"t m0 x19b h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 677px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 677px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 677px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff22a fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Defer<span class=\"_ _2\"></span>red tax<span class=\"_ _2\"></span> <span class=\"lse4 wsf4\">liabilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11c h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 662px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 662px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 662px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 662px; z-index: 15;\">376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 662px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 662px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22a fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 648px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 648px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 648px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 633px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 633px; z-index: 15;\">855<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 633px; z-index: 15;\">(290)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 633px; z-index: 15;\">2,615<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 633px; z-index: 15;\">272<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 633px; z-index: 15;\">(203)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 633px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 618px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 618px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 618px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 618px; z-index: 15;\">1</div>\n<div class=\"t m0 x1a3 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 618px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 603px; z-index: 15;\">Liabilities related to as<span class=\"_ _0\"></span>sets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 603px; z-index: 15;\">3,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 603px; z-index: 15;\">3,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 603px; z-index: 15;\">(55)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 603px; z-index: 15;\">3,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff22d fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse7 ws109\">liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19e h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 588px; z-index: 15;\">80,839<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 588px; z-index: 15;\">9,717<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 588px; z-index: 15;\">(333)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 588px; z-index: 15;\">90,223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 588px; z-index: 15;\">2,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 588px; z-index: 15;\">(1,084)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 588px; z-index: 15;\">91,672<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 558px; z-index: 15;\">5,692<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 558px; z-index: 15;\">2,393<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 558px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 558px; z-index: 15;\">8,080<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 558px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 558px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 558px; z-index: 15;\">7,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11c h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 544px; z-index: 15;\">928<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 544px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 544px; z-index: 15;\">4</div>\n<div class=\"t m0 x163 h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 544px; z-index: 15;\">1,049<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 544px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 544px; z-index: 15;\">1,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff22d fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Total equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 529px; z-index: 15;\">6,620<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 529px; z-index: 15;\">2,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 529px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 529px; z-index: 15;\">9,129<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 529px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 529px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 529px; z-index: 15;\">8,632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff22d fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse7 ws0\">liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span> and eq<span class=\"_ _0\"></span>uity<span class=\"ls0\"> </span></span></div>\n<div class=\"t m0 x19e h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 499px; z-index: 15;\">87,459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 463px; bottom: 499px; z-index: 15;\">12,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 499px; z-index: 15;\">(334)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 499px; z-index: 15;\">99,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 499px; z-index: 15;\">2,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 499px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 499px; z-index: 15;\">100,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff22d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Number<span class=\"_ _0\"></span> of empl<span class=\"_ _0\"></span>oyees<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 469px; z-index: 15;\">7,305<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 469px; z-index: 15;\">5,898<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y60e ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 469px; z-index: 15;\">13,203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 469px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y60e ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 469px; z-index: 15;\">13,388<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 458px; height: 648px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 458px; height: 648px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 458px; height: 648px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1034px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 1034px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x154 h52 y601 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y601 ff22f fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff22f fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff22f fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff22f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1004px; z-index: 15;\">773<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 1004px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 1004px; z-index: 15;\">1,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 1004px; z-index: 15;\">724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1004px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 989px; z-index: 15;\">52,720<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 989px; z-index: 15;\">7,229<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 989px; z-index: 15;\">1</div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 989px; z-index: 15;\">59,950<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 989px; z-index: 15;\">5</div>\n<div class=\"t m0 x9 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 989px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 989px; z-index: 15;\">59,952<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 974px; z-index: 15;\">2,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 974px; z-index: 15;\">209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 974px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 974px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 959px; z-index: 15;\">12,704<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 959px; z-index: 15;\">1,382<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 959px; z-index: 15;\">(39)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 959px; z-index: 15;\">14,047<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 959px; z-index: 15;\">1,315<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 959px; z-index: 15;\">(870)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 959px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Investments related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 930px; z-index: 15;\">4,535<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 930px; z-index: 15;\">792<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 930px; z-index: 15;\">5,327<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 930px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 930px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 930px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 915px; z-index: 15;\">457<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 915px; z-index: 15;\">1,959<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 915px; z-index: 15;\">(359)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 915px; z-index: 15;\">2,057<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 915px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 915px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 915px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Current tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 900px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 900px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff22f fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Defer<span class=\"_ _2\"></span>red tax<span class=\"_ _2\"></span> <span class=\"wsfe\">assets<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 885px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 885px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 885px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 870px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 870px; z-index: 15;\">836<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 870px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 870px; z-index: 15;\">1,987<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 870px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 870px; z-index: 15;\">(102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 870px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 855px; z-index: 15;\">1,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 855px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 855px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 855px; z-index: 15;\">1,724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 855px; z-index: 15;\">8</div>\n<div class=\"t m0 x1a3 h52 y5f7 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 855px; z-index: 15;\">1,732<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 841px; z-index: 15;\">968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 841px; z-index: 15;\">353<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 841px; z-index: 15;\">1</div>\n<div class=\"t m0 x163 h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 841px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 841px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Assets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 826px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y601 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 826px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y601 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 826px; z-index: 15;\">1</div>\n<div class=\"t m0 x162 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 811px; z-index: 15;\">96,610<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 463px; bottom: 811px; z-index: 15;\">13,603<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 811px; z-index: 15;\">(398)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 811px; z-index: 15;\">109,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 811px; z-index: 15;\">2,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 811px; z-index: 15;\">(1,087)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 811px; z-index: 15;\">111,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Liabilities arising from <span class=\"_ _0\"></span>Life insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 766px; z-index: 15;\">28,688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y605 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 766px; z-index: 15;\">28,688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y605 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 766px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 766px; z-index: 15;\">28,673<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Liabilities arising from Life investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Liabilities related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Liabilities arising from Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y632 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y632 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y632 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 707px; z-index: 15;\">1,101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 707px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 707px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 707px; z-index: 15;\">1,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 707px; z-index: 15;\">2,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 707px; z-index: 15;\">(830)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 707px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 692px; z-index: 15;\">3,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 692px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 692px; z-index: 15;\">3,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 ydd0 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 692px; z-index: 15;\">6</div>\n<div class=\"t m0 x163 h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 692px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 692px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Current tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 677px; z-index: 15;\">7</div>\n<div class=\"t m0 x1f1 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 677px; z-index: 15;\">9</div>\n<div class=\"t m0 x1f0 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 677px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 677px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Deferred tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 662px; z-index: 15;\">768<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 662px; z-index: 15;\">188<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y63a ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 662px; z-index: 15;\">956<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 662px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 662px; z-index: 15;\">971<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22f fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 648px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 648px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 648px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 633px; z-index: 15;\">2,239<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 633px; z-index: 15;\">1,021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 633px; z-index: 15;\">(357)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 633px; z-index: 15;\">2,903<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 633px; z-index: 15;\">131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 633px; z-index: 15;\">(200)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 633px; z-index: 15;\">2,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 618px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 618px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 618px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 618px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 618px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff232 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 603px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 603px; z-index: 15;\">85,619<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 603px; z-index: 15;\">9,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 603px; z-index: 15;\">(397)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 603px; z-index: 15;\">95,148<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 603px; z-index: 15;\">2,904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 603px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 603px; z-index: 15;\">96,967<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 573px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 573px; z-index: 15;\">9,076<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 573px; z-index: 15;\">3,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 573px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 573px; z-index: 15;\">12,413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 573px; z-index: 15;\">(493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 573px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 573px; z-index: 15;\">11,914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 558px; z-index: 15;\">1,915<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 558px; z-index: 15;\">339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 558px; z-index: 15;\">2,254<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 558px; z-index: 15;\">4</div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 558px; z-index: 15;\">2,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff232 fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Total equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 544px; z-index: 15;\">10,991<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 544px; z-index: 15;\">3,677<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 544px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 544px; z-index: 15;\">14,667<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 544px; z-index: 15;\">(493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 544px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 544px; z-index: 15;\">14,172<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff232 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 514px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse7 ws0\">liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span> and eq<span class=\"_ _0\"></span>uity<span class=\"ls0\"> </span></span></div>\n<div class=\"t m0 x19e h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 514px; z-index: 15;\">96,610<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 463px; bottom: 514px; z-index: 15;\">13,603<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 514px; z-index: 15;\">(398)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 514px; z-index: 15;\">109,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 514px; z-index: 15;\">2,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 514px; z-index: 15;\">(1,087)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 514px; z-index: 15;\">111,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff232 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Number<span class=\"_ _0\"></span> of empl<span class=\"_ _0\"></span>oyees<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 484px; z-index: 15;\">3,969<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 484px; z-index: 15;\">5,962<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y638 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 484px; z-index: 15;\">9,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 484px; z-index: 15;\">169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 484px; z-index: 15;\">10,101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 473px; height: 570px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 473px; height: 570px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 473px; height: 570px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff236 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls10b ws12e\">.1</span>1</div>\n<div class=\"t m0 x7 h6a y79d ff236 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Income statement split into Life<span class=\"ls0 ws0\"> <span class=\"ls126 ws14b\">and</span> <span class=\"ls103 ws11f\">N<span class=\"_ _2\"></span>on</span>-<span class=\"ls112 ws133\">life</span> </span></div>\n<div class=\"t m0 x14d h54 y601 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1034px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 1034px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x154 h52 y601 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y601 ff234 fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff234 fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1049px; z-index: 15;\"> </div>\n<div id=\"fs_YPVQYNBMI800000000000000000000\"><br/></div>\n<div class=\"t m0 x152 h52 y603 ff234 fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff234 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lsed wsff\">Gross pre<span class=\"_ _0\"></span>mium inco<span class=\"_ _2b\"></span>me<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 1004px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 1004px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 1004px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 1004px; z-index: 15;\">8,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 1004px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1004px; z-index: 15;\">8,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 989px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Change in unearned premiums</span> </div>\n<div class=\"t m0 x1a3 h54 y5f2 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f2 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 989px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h54 y5f2 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 989px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5f2 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 989px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 989px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Ceded earned premiums</span> </div>\n<div class=\"t m0 x163 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 417px; bottom: 974px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 974px; z-index: 15;\">(450)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 974px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 974px; z-index: 15;\">(466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 974px; z-index: 15;\">(466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 959px; z-index: 15;\">4,276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 959px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 959px; z-index: 15;\">8,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 959px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 959px; z-index: 15;\">8,507<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Interest, dividend and othe<span class=\"_ _0\"></span>r investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 945px; z-index: 15;\">2,377<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 945px; z-index: 15;\">281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 945px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 945px; z-index: 15;\">2,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 945px; z-index: 15;\">45<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 945px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 945px; z-index: 15;\">2,648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Unrealised gain (loss) <span class=\"_ _0\"></span>on RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 930px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 930px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Result on sales and re<span class=\"_ _0\"></span>valuations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 915px; z-index: 15;\">353<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 915px; z-index: 15;\">112<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 915px; z-index: 15;\">465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 915px; z-index: 15;\">155<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 915px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 915px; z-index: 15;\">621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff234 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome relate<span class=\"_ _2\"></span>d to invest<span class=\"_ _2\"></span>ments fo<span class=\"_ _2\"></span>r <span class=\"lse4 wsf4\">unit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">linked contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x11d h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 900px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 900px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 900px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 885px; z-index: 15;\">254<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 885px; z-index: 15;\">7</div>\n<div class=\"t m0 x1f0 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 885px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 870px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 870px; z-index: 15;\">135<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 870px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 870px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 855px; z-index: 15;\">214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 855px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 855px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 855px; z-index: 15;\">309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 855px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 855px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 855px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff237 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 841px; z-index: 15;\">5,250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 841px; z-index: 15;\">4,866<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 540px; bottom: 841px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 841px; z-index: 15;\">10,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 841px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 722px; bottom: 841px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 841px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12f h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 374px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h54 y601 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 796px; z-index: 15;\">(4,822)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y601 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 796px; z-index: 15;\">(2,913)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y601 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y601 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 796px; z-index: 15;\">(7,735)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y601 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y601 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 796px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h54 y601 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 796px; z-index: 15;\">(7,732)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 781px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, ce<span class=\"_ _0\"></span>ded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 781px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 781px; z-index: 15;\">232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 781px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 781px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 781px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Insurance claims and benefits,<span class=\"_ _0\"></span> net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 766px; z-index: 15;\">(4,805)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 766px; z-index: 15;\">(2,681)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 766px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 766px; z-index: 15;\">(7,487)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 766px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 766px; z-index: 15;\">(7,484)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Charges related to unit<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked contracts</span> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 752px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 752px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 752px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Financing costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 737px; z-index: 15;\">(128)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 737px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 737px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 737px; z-index: 15;\">(154)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 737px; z-index: 15;\">(72)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 737px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 737px; z-index: 15;\">(187)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Change in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y632 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 722px; z-index: 15;\">(123)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y632 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 722px; z-index: 15;\">(44)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y632 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y632 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 722px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y632 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 722px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Change in provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 707px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 707px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 616px; bottom: 707px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 707px; z-index: 15;\">4</div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 707px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 692px; z-index: 15;\">(349)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 692px; z-index: 15;\">(789)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 692px; z-index: 15;\">(1,138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 692px; z-index: 15;\">(1,138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 677px; z-index: 15;\">(485)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 677px; z-index: 15;\">(404)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 677px; z-index: 15;\">(889)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 677px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 677px; z-index: 15;\">3</div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 677px; z-index: 15;\">(922)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 662px; z-index: 15;\">(801)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 662px; z-index: 15;\">(577)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 662px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 662px; z-index: 15;\">(1,360)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 662px; z-index: 15;\">(74)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 662px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 662px; z-index: 15;\">(1,412)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Total expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 405px; bottom: 648px; z-index: 15;\">(4,317)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 462px; bottom: 648px; z-index: 15;\">(4,522)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 546px; bottom: 648px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 648px; z-index: 15;\">(8,820)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 648px; z-index: 15;\">(178)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 729px; bottom: 648px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 648px; z-index: 15;\">(8,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 618px; z-index: 15;\">933<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 618px; z-index: 15;\">344<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 618px; z-index: 15;\">1,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 618px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 618px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 618px; z-index: 15;\">1,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff234 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Tax <span class=\"_ _2\"></span><span class=\"lsec ws100\">income (ex<span class=\"_ _2\"></span>penses)<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x152 h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 588px; z-index: 15;\">(140)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 588px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 588px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 588px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 588px; z-index: 15;\">(229)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff237 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Net result for the period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 558px; z-index: 15;\">793<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 558px; z-index: 15;\">276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 558px; z-index: 15;\">1,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 558px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 558px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 558px; z-index: 15;\">1,223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Attributable to non<span class=\"ls0 ws0\">-</span>controlling interests<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 544px; z-index: 15;\">161<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 544px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 544px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 544px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff237 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o shareholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 529px; z-index: 15;\">632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 529px; z-index: 15;\">225<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 529px; z-index: 15;\">857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 529px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 529px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 529px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Total income from external<span class=\"_ _0\"></span> customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 499px; z-index: 15;\">5,220<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 499px; z-index: 15;\">4,863<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 499px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 499px; z-index: 15;\">10,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 499px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 499px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Total income internal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 484px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 484px; z-index: 15;\">3</div>\n<div class=\"t m0 x19b h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 484px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 484px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 484px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 484px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff237 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 469px; z-index: 15;\">5,250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 469px; z-index: 15;\">4,866<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 540px; bottom: 469px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 469px; z-index: 15;\">10,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 469px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 722px; bottom: 469px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 469px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y173f ff234 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1740 ff234 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1741 ff234 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Gross inf<span class=\"_ _0\"></span>low (sum of gr<span class=\"_ _0\"></span>oss writt<span class=\"_ _2b\"></span>en premiums and pre<span class=\"_ _2b\"></span>mium inflow of inv<span class=\"_ _0\"></span>estment cont<span class=\"_ _2b\"></span>racts without D<span class=\"_ _0\"></span>iscreti<span class=\"_ _0\"></span>onary Pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _2b\"></span>ion Features) can b<span class=\"_ _2b\"></span>e <span class=\"lse2 wsf1\">p<span class=\"_ _2\"></span>resented<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1742 ff234 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 360px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1743 ff234 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 360px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 360px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y60e ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 375px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 360px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y60e ff234 fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 375px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 360px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 375px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 360px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y60e ff234 fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 375px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 360px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 360px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff234 fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 330px; z-index: 15;\">Gross pre<span class=\"_ _2b\"></span>mium income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 330px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 330px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 330px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 330px; z-index: 15;\">8,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 330px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 330px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 330px; z-index: 15;\">8,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 315px; z-index: 15;\">Inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 315px; z-index: 15;\">1,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 315px; z-index: 15;\">1</div>\n<div class=\"t m0 x163 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 315px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 315px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff237 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 300px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 300px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 300px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 300px; z-index: 15;\">10,271<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 300px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 300px; z-index: 15;\">10,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 289px; height: 817px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 289px; height: 817px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 289px; height: 817px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1034px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 1034px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x154 h52 y601 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y601 ff23a fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff23a fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff23a fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff23a fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lsed wsff\">Gross pre<span class=\"_ _0\"></span>mium inco<span class=\"_ _2b\"></span>me<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 1004px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 1004px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 1004px; z-index: 15;\">8,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 1004px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1004px; z-index: 15;\">8,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 989px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Change in unearned premiums</span> </div>\n<div class=\"t m0 x1a3 h54 y5f2 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f2 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 989px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f2 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 989px; z-index: 15;\">1</div>\n<div class=\"t m0 x162 h54 y5f2 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 989px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5f2 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 989px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 989px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Ceded earned premiums</span> </div>\n<div class=\"t m0 x163 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 417px; bottom: 974px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 974px; z-index: 15;\">(432)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 974px; z-index: 15;\">(460)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 974px; z-index: 15;\">(460)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 959px; z-index: 15;\">4,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 959px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 959px; z-index: 15;\">1</div>\n<div class=\"t m0 x163 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 959px; z-index: 15;\">8,536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 959px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 959px; z-index: 15;\">8,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Interest, dividend and othe<span class=\"_ _0\"></span>r investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 945px; z-index: 15;\">2,179<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 945px; z-index: 15;\">263<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 945px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 945px; z-index: 15;\">2,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 945px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 945px; z-index: 15;\">(37)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 945px; z-index: 15;\">2,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Unrealised gain (loss) <span class=\"_ _0\"></span>on RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 930px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 930px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Result on sales and re<span class=\"_ _0\"></span>valuations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 915px; z-index: 15;\">246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 915px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 915px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 915px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 915px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 915px; z-index: 15;\">294<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff23a fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome relate<span class=\"_ _2\"></span>d to invest<span class=\"_ _2\"></span>ments fo<span class=\"_ _2\"></span>r <span class=\"lse4 wsf4\">unit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">linked contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x21f h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 900px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 900px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 900px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 885px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 885px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 885px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 885px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 885px; z-index: 15;\">1</div>\n<div class=\"t m0 x1a3 h52 y60e ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 870px; z-index: 15;\">339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 870px; z-index: 15;\">127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 870px; z-index: 15;\">1</div>\n<div class=\"t m0 x19d h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 870px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 870px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 855px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 855px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 855px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 855px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 855px; z-index: 15;\">8</div>\n<div class=\"t m0 x163 h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 855px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 855px; z-index: 15;\">282<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff23d fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 841px; z-index: 15;\">9,150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 841px; z-index: 15;\">4,756<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 540px; bottom: 841px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 841px; z-index: 15;\">13,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 663px; bottom: 841px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 722px; bottom: 841px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 841px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12f h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 374px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h54 y601 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 796px; z-index: 15;\">(4,914)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y601 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 796px; z-index: 15;\">(2,847)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y601 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 796px; z-index: 15;\">1</div>\n<div class=\"t m0 x152 h54 y601 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 796px; z-index: 15;\">(7,760)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y601 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y601 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 796px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h54 y601 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 796px; z-index: 15;\">(7,757)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 781px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, ce<span class=\"_ _0\"></span>ded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 781px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 781px; z-index: 15;\">269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 781px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 781px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Insurance claims and benefits,<span class=\"_ _0\"></span> net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 766px; z-index: 15;\">(4,897)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 766px; z-index: 15;\">(2,578)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 766px; z-index: 15;\">1</div>\n<div class=\"t m0 x152 h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 766px; z-index: 15;\">(7,474)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 766px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 766px; z-index: 15;\">(7,471)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Charges related to unit<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked contracts</span> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 752px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 752px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 752px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Financing costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 417px; bottom: 737px; z-index: 15;\">(82)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 737px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 737px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 737px; z-index: 15;\">(106)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 737px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 737px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 737px; z-index: 15;\">(138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Change in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y632 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 417px; bottom: 722px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y632 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 722px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y632 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 722px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Change in provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 707px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 707px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 707px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 616px; bottom: 707px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 707px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 707px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 692px; z-index: 15;\">(410)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 692px; z-index: 15;\">(803)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 692px; z-index: 15;\">(1,213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 692px; z-index: 15;\">(1,213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 677px; z-index: 15;\">(417)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 677px; z-index: 15;\">(404)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 677px; z-index: 15;\">(821)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 677px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 677px; z-index: 15;\">4</div>\n<div class=\"t m0 x152 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 677px; z-index: 15;\">(852)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 662px; z-index: 15;\">(700)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 662px; z-index: 15;\">(541)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 662px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 662px; z-index: 15;\">(1,228)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 662px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 662px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 662px; z-index: 15;\">(1,269)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Total expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 405px; bottom: 648px; z-index: 15;\">(8,117)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 462px; bottom: 648px; z-index: 15;\">(4,351)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 546px; bottom: 648px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 648px; z-index: 15;\">(12,453)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 648px; z-index: 15;\">(150)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 729px; bottom: 648px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 648px; z-index: 15;\">(12,541)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 618px; z-index: 15;\">1,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 618px; z-index: 15;\">405<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 618px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 618px; z-index: 15;\">1,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 618px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 618px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 618px; z-index: 15;\">1,231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff23a fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Tax <span class=\"_ _2\"></span><span class=\"lsec ws100\">income (ex<span class=\"_ _2\"></span>penses)<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x152 h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 588px; z-index: 15;\">(145)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 588px; z-index: 15;\">(51)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 588px; z-index: 15;\">(196)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 588px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 588px; z-index: 15;\">(215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff23d fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Net result for the period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 558px; z-index: 15;\">888<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 558px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 558px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 558px; z-index: 15;\">1,241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 558px; z-index: 15;\">(227)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 558px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 558px; z-index: 15;\">1,016<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Attributable to non<span class=\"ls0 ws0\">-</span>controlling interests<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 544px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 544px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 544px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 544px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff23d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o shareholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 529px; z-index: 15;\">743<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 529px; z-index: 15;\">328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 529px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 529px; z-index: 15;\">1,070<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 529px; z-index: 15;\">(227)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 529px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 529px; z-index: 15;\">845<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Total income from external<span class=\"_ _0\"></span> customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 499px; z-index: 15;\">9,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 499px; z-index: 15;\">4,754<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 499px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 499px; z-index: 15;\">13,868<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 499px; z-index: 15;\">(96)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 499px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Total income internal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 484px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 484px; z-index: 15;\">2</div>\n<div class=\"t m0 x19b h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 484px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 484px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 484px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 484px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff23d fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 469px; z-index: 15;\">9,150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 469px; z-index: 15;\">4,756<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 540px; bottom: 469px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 469px; z-index: 15;\">13,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 663px; bottom: 469px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 722px; bottom: 469px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 469px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y173f ff23a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1740 ff23a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1741 ff23a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Gross inf<span class=\"_ _0\"></span>low (sum of gr<span class=\"_ _0\"></span>oss writt<span class=\"_ _2b\"></span>en premiums and pre<span class=\"_ _2b\"></span>mium inflow of inv<span class=\"_ _0\"></span>estment cont<span class=\"_ _2b\"></span>racts without D<span class=\"_ _0\"></span>iscreti<span class=\"_ _0\"></span>onary Pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _2b\"></span>ion Features) can b<span class=\"_ _2b\"></span>e <span class=\"lse2 wsf1\">p<span class=\"_ _2\"></span>resented<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1742 ff23a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1743 ff23a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 360px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 360px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 360px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x14d h52 y60e ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 442px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y60e ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 375px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 360px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y60e ff23a fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 375px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 360px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 375px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 360px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y60e ff23a fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 375px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 360px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 375px; z-index: 15;\"> </div>\n<div id=\"fs_AKPE6M29W000000000000000000000\"><br/></div>\n<div class=\"t m0 x152 h52 y5f9 ff23a fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 360px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff23a fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 330px; z-index: 15;\">Gross pre<span class=\"_ _2b\"></span>mium income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 330px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 330px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 330px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 330px; z-index: 15;\">8,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 330px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 330px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 330px; z-index: 15;\">8,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 315px; z-index: 15;\">Inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 315px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y63a ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 315px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 315px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff23d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 300px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 300px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 300px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 300px; z-index: 15;\">10,807<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 300px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 300px; z-index: 15;\">10,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 289px; height: 754px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 289px; height: 754px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 289px; height: 754px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff242 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls103 ws11f\">.12</span> </div>\n<div class=\"t m0 x7 h6a y79d ff242 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Operating result i<span class=\"_ _2\"></span>nsuranc<span class=\"ls0 ws0\">e </span></div>\n<div class=\"t m0 x7 h4f y79e ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">To analyse the in<span class=\"_ _2\"></span>surance results, Ageas uses t<span class=\"_ _2\"></span>he concept of operating</div>\n<div class=\"t m0 x7 h4f y79f ff240 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">result.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7a0 ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7a1 ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Operating re<span class=\"_ _2\"></span>sult includes net earned premium<span class=\"_ _2\"></span>s, fees and allocated</div>\n<div class=\"t m0 x7 h4f ya7f ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent income and reali<span class=\"_ _0\"></span>sed capit<span class=\"_ _0\"></span>al gains or los<span class=\"_ _0\"></span>ses min<span class=\"_ _0\"></span>us net claims<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f ya80 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and benef<span class=\"_ _0\"></span>its and all op<span class=\"_ _0\"></span>erating ex<span class=\"_ _2b\"></span>penses, includ<span class=\"_ _0\"></span>ing claim<span class=\"_ _0\"></span> handling</div>\n<div class=\"t m0 x7 h4f ya81 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span>, invest<span class=\"_ _0\"></span>ment expe<span class=\"_ _2b\"></span>nses, commissio<span class=\"_ _0\"></span>ns and othe<span class=\"_ _0\"></span>r expenses<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f ya82 ff240 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">allocat<span class=\"_ _0\"></span>ed to ins<span class=\"_ _2b\"></span>urance and/or i<span class=\"_ _2b\"></span>nvestment cont<span class=\"_ _2b\"></span>ract<span class=\"ls0 ws0\">s<span class=\"lsf4 ws10c\">. <span class=\"_ _2\"></span></span></span><span class=\"wsf0\">The dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f ya83 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">between o<span class=\"_ _2b\"></span>perating result an<span class=\"_ _2b\"></span>d result before tax<span class=\"_ _2b\"></span>ation consists of a<span class=\"_ _0\"></span>ll</div>\n<div class=\"t m0 x7 h4f ya84 ff240 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">inc<span class=\"lse0 wsf0\">ome an<span class=\"_ _0\"></span>d costs not all<span class=\"_ _0\"></span>ocated to i<span class=\"_ _2b\"></span>nsurance and/or i<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ent contracts </span></div>\n<div class=\"t m0 x7 h4f yacd ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and thus not r<span class=\"_ _0\"></span>eported i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the o<span class=\"_ _0\"></span>peratin<span class=\"_ _0\"></span>g result or r<span class=\"_ _0\"></span>esult fro<span class=\"_ _0\"></span>m non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y174c ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidated par<span class=\"_ _2\"></span>tnerships. The definition<span class=\"_ _2\"></span>s of the alternative performan<span class=\"_ _2\"></span>ce</div>\n<div class=\"t m0 x1a h4f y174d ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">measures are expla<span class=\"_ _2\"></span>ined below the tables. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y174e ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y174f ff240 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">Withi<span class=\"lse2 wsfa\">n its insurance <span class=\"_ _2\"></span>operating segments, Ag<span class=\"_ _2\"></span>eas manages its L<span class=\"_ _2\"></span>ife and </span></div>\n<div class=\"t m0 x1a h4f y1750 ff240 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"ws103\">life<span class=\"_ _2\"></span> businesses separately. Li<span class=\"_ _2\"></span>fe business includes insur<span class=\"_ _2\"></span>ance </span></div>\n<div class=\"t m0 x1a h4f y1751 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>cov<span class=\"_ _2b\"></span>ering risks relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to the lif<span class=\"_ _2b\"></span>e and death of indivi<span class=\"_ _0\"></span>duals. Lif<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y1752 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> also incl<span class=\"_ _0\"></span>udes inves<span class=\"_ _0\"></span>tment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> with and<span class=\"ls0 ws0\"> </span><span class=\"wsef\">wit<span class=\"_ _0\"></span>hout </span></div>\n<div class=\"t m0 x1a h4f y1753 ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">discretionary<span class=\"_ _2\"></span> participation features (DP<span class=\"_ _2\"></span>F). Non<span class=\"ls0 ws0\">-</span>life comprises<span class=\"_ _2\"></span> four lines</div>\n<div class=\"t m0 x1a h4f y1754 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of busine<span class=\"_ _0\"></span>ss: Acci<span class=\"_ _0\"></span>dent<span class=\"ls0 ws0\"> &amp; </span>Health, Mot<span class=\"_ _0\"></span>or, Fire and Ot<span class=\"_ _2b\"></span>her damage to</div>\n<div class=\"t m0 x1a h4f y1755 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">property<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>(cov<span class=\"_ _0\"></span>ering the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>risk of<span class=\"_ _0\"></span> property<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>losse<span class=\"_ _0\"></span>s or claims li<span class=\"_ _2b\"></span>abilities), and</div>\n<div class=\"t m0 x1a h4f y1756 ff240 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Other.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1757 ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1758 ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1759 ff240 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The ope<span class=\"_ _0\"></span>rating m<span class=\"_ _0\"></span>argin for t<span class=\"_ _2b\"></span>he different<span class=\"_ _0\"></span> segment<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>nes of bu<span class=\"_ _2b\"></span>siness and the r<span class=\"_ _2b\"></span>econciliation t<span class=\"_ _2b\"></span>o profit befo<span class=\"_ _2b\"></span>re taxation ar<span class=\"_ _0\"></span>e sh<span class=\"lse2 ws103\">own below.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y175a ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 798px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f8 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 318px; bottom: 798px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 350px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 373px; bottom: 798px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 402px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff240 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 436px; bottom: 798px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 454px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 798px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f8 h52 y603 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 813px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21b h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 521px; bottom: 798px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff240 fs3c fc1f sc0 lse7 ws109\" style=\"left: 608px; bottom: 813px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 798px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 655px; bottom: 813px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 655px; bottom: 798px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff240 fs3c fc1f sc0 lsef ws10a\" style=\"left: 724px; bottom: 813px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21b h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 798px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff240 fs3c fc1f sc0 lse7 ws109\" style=\"left: 778px; bottom: 813px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 798px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div id=\"fs_51TKU8DQ1S00000000000000000000\"><br/></div>\n<div class=\"t m0 x14d h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff240 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 768px; z-index: 15;\">Gross inflow Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 328px; bottom: 768px; z-index: 15;\">4,206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 768px; z-index: 15;\">1,355<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 444px; bottom: 768px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 768px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 768px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 768px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y638 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y638 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 768px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff240 fs3c fc14 sc0 ls109 ws125\" style=\"left: 69px; bottom: 753px; z-index: 15;\">Gross inflow Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 328px; bottom: 753px; z-index: 15;\">2,403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 753px; z-index: 15;\">2,157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 753px; z-index: 15;\">1,546<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 753px; z-index: 15;\">(1,466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 753px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 736px; bottom: 753px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 753px; z-index: 15;\">4,638<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Operating costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 738px; z-index: 15;\">(642)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 738px; z-index: 15;\">(447)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 438px; bottom: 738px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 738px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 564px; bottom: 738px; z-index: 15;\">3</div>\n<div class=\"t m0 x153 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 738px; z-index: 15;\">(1,102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 738px; z-index: 15;\">(1,102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 708px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Guaranteed products</span> </div>\n<div class=\"t m0 x19f h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 708px; z-index: 15;\">414<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 708px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 708px; z-index: 15;\">2</div>\n<div class=\"t m0 x1a3 h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 708px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 708px; z-index: 15;\">496<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 708px; z-index: 15;\">496<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 693px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Unit linked products</span> </div>\n<div class=\"t m0 x11c h54 ydd0 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 693px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 693px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 ydd0 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 693px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 ydd0 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 693px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 679px; z-index: 15;\">Life operating result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 679px; z-index: 15;\">469<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 679px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 679px; z-index: 15;\">2</div>\n<div class=\"t m0 x1a3 h52 y5fc ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 679px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 679px; z-index: 15;\">570<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5fc ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 679px; z-index: 15;\">570<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y63a ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 649px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Accident &amp; Health</span> </div>\n<div class=\"t m0 x11c h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 649px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 649px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 504px; bottom: 649px; z-index: 15;\">7</div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 649px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 649px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 634px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Motor</span> </div>\n<div class=\"t m0 x11c h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 634px; z-index: 15;\">76<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 634px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 504px; bottom: 634px; z-index: 15;\">6</div>\n<div class=\"t m0 x220 h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 634px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 634px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 634px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 619px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Fire <span class=\"wsf3\">and other damage to property</span></span> </div>\n<div class=\"t m0 x11c h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 619px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 386px; bottom: 619px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 619px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 504px; bottom: 619px; z-index: 15;\">8</div>\n<div class=\"t m0 x11e h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 564px; bottom: 619px; z-index: 15;\">3</div>\n<div class=\"t m0 x304 h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 619px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 619px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 619px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 619px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 604px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x11c h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 604px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 604px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 604px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 564px; bottom: 604px; z-index: 15;\">5</div>\n<div class=\"t m0 x304 h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 604px; z-index: 15;\">46<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 743px; bottom: 604px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 604px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 589px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsec ws100\">lif<span class=\"_ _2\"></span>e operati<span class=\"_ _2\"></span>ng result<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x19f h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 589px; z-index: 15;\">227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 589px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 589px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y603 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 589px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 589px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y603 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 589px; z-index: 15;\">287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 589px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y603 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 743px; bottom: 589px; z-index: 15;\">2</div>\n<div class=\"t m0 x19f h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 589px; z-index: 15;\">289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff244 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Operating result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 575px; z-index: 15;\">696<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 575px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y605 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 449px; bottom: 575px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 500px; bottom: 575px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 552px; bottom: 575px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 575px; z-index: 15;\">857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y605 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y605 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 743px; bottom: 575px; z-index: 15;\">2</div>\n<div class=\"t m0 x19f h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 784px; bottom: 575px; z-index: 15;\">859<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted<span class=\"ff244 ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 545px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">investments non <span class=\"wsf4\">allocated</span></span> </div>\n<div class=\"t m0 x19b h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y605 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 386px; bottom: 545px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y605 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 439px; bottom: 545px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y605 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 545px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h52 y605 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 545px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Other result, including brokerage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 530px; z-index: 15;\">112<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 530px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 530px; z-index: 15;\">9</div>\n<div class=\"t m0 x1a3 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 530px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 530px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 673px; bottom: 530px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 736px; bottom: 530px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 530px; z-index: 15;\">374<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff244 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 515px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 515px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 439px; bottom: 515px; z-index: 15;\">246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 500px; bottom: 515px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y638 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 568px; bottom: 515px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 515px; z-index: 15;\">1,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 673px; bottom: 515px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y638 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 743px; bottom: 515px; z-index: 15;\">1</div>\n<div class=\"t m0 x19e h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 515px; z-index: 15;\">1,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 350px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 402px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 454px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 568px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 799px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff244 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 486px; z-index: 15;\">Key performance indicators Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 350px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 402px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 454px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 568px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 799px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 471px; z-index: 15;\">Net underwriting margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 471px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.01%</span> </div>\n<div class=\"t m0 x154 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 471px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.33%</span> </div>\n<div class=\"t m0 x1f8 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 422px; bottom: 471px; z-index: 15;\">(4.92%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 478px; bottom: 471px; z-index: 15;\">(3.01%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 597px; bottom: 471px; z-index: 15;\">(0.04%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f8 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 471px; z-index: 15;\">(0.04%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff240 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 456px; z-index: 15;\">Investment margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.77%</span> </div>\n<div class=\"t m0 x154 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.39%</span> </div>\n<div class=\"t m0 x154 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 425px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">5.29%</span> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.80%</span> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.80%</span> </div>\n<div class=\"t m0 x14d h52 y63a ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 441px; z-index: 15;\">Operating margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.78%</span> </div>\n<div class=\"t m0 x154 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.72%</span> </div>\n<div class=\"t m0 x154 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 425px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.37%</span> </div>\n<div class=\"t m0 x198 h52 y63a ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 478px; bottom: 441px; z-index: 15;\">(3.01%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.76%</span> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.76%</span> </div>\n<div class=\"t m0 x14d h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 426px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf3\">O<span class=\"_ _2\"></span>perating<span class=\"_ _0\"></span> margin Guaranteed products<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x198 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.89%</span> </div>\n<div class=\"t m0 x154 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">1.05%</span> </div>\n<div class=\"t m0 x154 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 425px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.61%</span> </div>\n<div class=\"t m0 x198 h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 478px; bottom: 426px; z-index: 15;\">(3.01%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.91%</span> </div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.91%</span> </div>\n<div class=\"t m0 x14d h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 411px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf3\">O<span class=\"_ _2\"></span>perating<span class=\"_ _0\"></span> margin<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 396px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unit linked products</span> </div>\n<div class=\"t m0 x198 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 396px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.41%</span> </div>\n<div class=\"t m0 x154 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 396px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.31%</span> </div>\n<div class=\"t m0 x1f8 h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 422px; bottom: 396px; z-index: 15;\">(0.19%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 396px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.36%</span> </div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 396px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.36%</span> </div>\n<div class=\"t m0 x14d h52 y647 ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Life cost ratio in %<span class=\"_ _0\"></span> of Life technical<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 367px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">liabilities (annualised)</span> </div>\n<div class=\"t m0 x198 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.43%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.57%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 425px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">2.68%</span> </div>\n<div class=\"t m0 x11d h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">9.82%</span> </div>\n<div class=\"t m0 x161 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 367px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.51%</span> </div>\n<div class=\"t m0 x161 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 367px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 367px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.51%</span> </div>\n<div class=\"t m0 x14d h54 y608 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 337px; z-index: 15;\">Key performance indicators Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 322px; z-index: 15;\">Expe<span class=\"_ _2\"></span>nse ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.0%</span> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">32.0%</span> </div>\n<div class=\"t m0 x19b h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">36.4%</span> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.3%</span> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.3%</span> </div>\n<div class=\"t m0 x14d h52 y5f4 ff240 fs3c fc14 sc0 ls109 ws125\" style=\"left: 69px; bottom: 307px; z-index: 15;\">Claims ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">58.0%</span> </div>\n<div class=\"t m0 x154 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">66.4%</span> </div>\n<div class=\"t m0 x19b h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">62.9%</span> </div>\n<div class=\"t m0 x161 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">62.2%</span> </div>\n<div class=\"t m0 x161 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">62.2%</span> </div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 292px; z-index: 15;\">Combined ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">92.0%</span> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">98.4%</span> </div>\n<div class=\"t m0 x19b h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 292px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">99.3%</span> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 292px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">96.5%</span> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 292px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 292px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">96.5%</span> </div>\n<div class=\"t m0 x14d h52 y60e ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 278px; z-index: 15;\">Operating margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 278px; z-index: 15;\"> <span class=\"lse4 wsf4\">14.8%</span> </div>\n<div class=\"t m0 x19e h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 380px; bottom: 278px; z-index: 15;\"> <span class=\"lsec wsfe\">4.1<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x19b h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 278px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 278px; z-index: 15;\"> <span class=\"lsec wsfe\">2.1<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 278px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 606px; bottom: 278px; z-index: 15;\"> <span class=\"lsec wsfe\">6.8<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 278px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 278px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 775px; bottom: 278px; z-index: 15;\"> <span class=\"lsec wsfe\">6.8<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x14d h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff240 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 248px; z-index: 15;\">Technical Insurance liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 323px; bottom: 248px; z-index: 15;\">63,860<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 248px; z-index: 15;\">12,347<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 432px; bottom: 248px; z-index: 15;\">1,575<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 248px; z-index: 15;\">1,714<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 248px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 248px; z-index: 15;\">77,917<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 248px; z-index: 15;\"> </div>\n<div class=\"t m0 x220 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 248px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 248px; z-index: 15;\">77,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 237px; height: 869px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 237px; height: 869px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 237px; height: 869px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1066px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 315px; bottom: 1066px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 369px; bottom: 1066px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff246 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 433px; bottom: 1066px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 458px; bottom: 1066px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y647 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 1081px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 520px; bottom: 1066px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y647 ff246 fs3c fc1f sc0 lse7 ws109\" style=\"left: 606px; bottom: 1081px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 587px; bottom: 1066px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 1081px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 1066px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y647 ff246 fs3c fc1f sc0 lsef ws10a\" style=\"left: 721px; bottom: 1081px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 697px; bottom: 1066px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y647 ff246 fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 1081px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 770px; bottom: 1066px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Gross inflow Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 1035px; z-index: 15;\">4,366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 1035px; z-index: 15;\">1,853<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 1035px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 1035px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 1035px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1035px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff246 fs3c fc14 sc0 ls109 ws125\" style=\"left: 69px; bottom: 1021px; z-index: 15;\">Gross inflow Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x196 h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 1021px; z-index: 15;\">2,309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 1021px; z-index: 15;\">2,228<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y605 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 1021px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 485px; bottom: 1021px; z-index: 15;\">1,579<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 1021px; z-index: 15;\">(1,527)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 1021px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 1021px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 1021px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1021px; z-index: 15;\">4,587<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1006px; z-index: 15;\">Operating costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 326px; bottom: 1006px; z-index: 15;\">(623)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 376px; bottom: 1006px; z-index: 15;\">(437)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 1006px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 1006px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 1006px; z-index: 15;\">2</div>\n<div class=\"t m0 x11d h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 597px; bottom: 1006px; z-index: 15;\">(1,061)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 1006px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 1006px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1006px; z-index: 15;\">(1,061)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 976px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Guaranteed products</span> </div>\n<div class=\"t m0 x21f h54 y5f4 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 976px; z-index: 15;\">448<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5f4 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 976px; z-index: 15;\">89<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 503px; bottom: 976px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 976px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h54 y5f4 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 976px; z-index: 15;\">539<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5f4 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 976px; z-index: 15;\">539<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 961px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Unit linked products</span> </div>\n<div class=\"t m0 x31c h54 y70b ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 961px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y70b ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 961px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y70b ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 961px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h54 y70b ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 961px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 946px; z-index: 15;\">Life operating result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 946px; z-index: 15;\">497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 946px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 503px; bottom: 946px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 946px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y60e ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 946px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y60e ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y60e ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 946px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 917px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Accident &amp; Health</span> </div>\n<div class=\"t m0 x31c h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 917px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 917px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 917px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 503px; bottom: 917px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 917px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 917px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 917px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 917px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 917px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 902px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Motor</span> </div>\n<div class=\"t m0 x21f h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 902px; z-index: 15;\">157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 902px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y5fc ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 902px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 902px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 902px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 902px; z-index: 15;\">264<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5fc ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 902px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5fc ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 902px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 902px; z-index: 15;\">264<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 887px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Fire and other damage to p<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>operty<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 326px; bottom: 887px; z-index: 15;\">(142)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 887px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y63a ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 887px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 887px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 887px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 887px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y63a ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 887px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y63a ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 887px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 887px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 872px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x31c h54 y5ff ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 872px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 393px; bottom: 872px; z-index: 15;\">1</div>\n<div class=\"t m0 x304 h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 872px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5ff ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 872px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 872px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 y5ff ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 872px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 872px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 872px; z-index: 15;\">2</div>\n<div class=\"t m0 x31c h54 y5ff ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 872px; z-index: 15;\">99<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 857px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsec wsfe\">lif<span class=\"_ _2\"></span>e <span class=\"ws100\">oper<span class=\"_ _2\"></span>ating res<span class=\"_ _2\"></span>ult</span></span> </span></div>\n<div class=\"t m0 x21f h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 857px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 857px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y647 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 857px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 857px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 857px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 857px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y647 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 857px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 857px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 857px; z-index: 15;\">336<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff249 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Operating result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 842px; z-index: 15;\">622<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 842px; z-index: 15;\">255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y5ff ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 449px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 842px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 553px; bottom: 842px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 611px; bottom: 842px; z-index: 15;\">943<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5ff ff248 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5ff ff246 fs3c fc1f sc0 ls0 ws0\" style=\"left: 740px; bottom: 842px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 842px; z-index: 15;\">945<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 828px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted<span class=\"ff249 ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 813px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">investments non allocated</span> </div>\n<div class=\"t m0 x304 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 813px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 813px; z-index: 15;\">427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 813px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 813px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 813px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 813px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff246 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 798px; z-index: 15;\">Other result, including brokerage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 798px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 393px; bottom: 798px; z-index: 15;\">7</div>\n<div class=\"t m0 x21f h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 798px; z-index: 15;\">(24)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 798px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 798px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 664px; bottom: 798px; z-index: 15;\">(209)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 798px; z-index: 15;\">(152)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 783px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 783px; z-index: 15;\">674<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 783px; z-index: 15;\">273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 434px; bottom: 783px; z-index: 15;\">403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 783px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 783px; z-index: 15;\">1,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 664px; bottom: 783px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 740px; bottom: 783px; z-index: 15;\">2</div>\n<div class=\"t m0 x196 h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 783px; z-index: 15;\">1,231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 449px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 753px; z-index: 15;\">Key performance indicators Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 449px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Net underwriting margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.01%</span> </div>\n<div class=\"t m0 x302 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.40%</span> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 476px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">13.29%</span> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.10%</span> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.10%</span> </div>\n<div class=\"t m0 x14d h52 y60e ff246 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 724px; z-index: 15;\">Investment margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 724px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.82%</span> </div>\n<div class=\"t m0 x302 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 724px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.35%</span> </div>\n<div class=\"t m0 x304 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 724px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.72%</span> </div>\n<div class=\"t m0 x160 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 724px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.72%</span> </div>\n<div class=\"t m0 x14d h52 y70b ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 709px; z-index: 15;\">Operating <span class=\"lsed ws12d\">margin<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x302 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.83%</span> </div>\n<div class=\"t m0 x302 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.75%</span> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 476px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">13.29%</span> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.82%</span> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.82%</span> </div>\n<div class=\"t m0 x14d h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 694px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Operating margin Guaranteed produ<span class=\"_ _0\"></span>cts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.97%</span> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">1.08%</span> </div>\n<div class=\"t m0 x304 h52 y5f7 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 476px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">13.29%</span> </div>\n<div class=\"t m0 x160 h52 y5f7 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.99%</span> </div>\n<div class=\"t m0 x160 h52 y5f7 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.99%</span> </div>\n<div class=\"t m0 x14d h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 679px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Operating margin</span> </div>\n<div class=\"t m0 x304 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 664px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unit linked products</span> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 664px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.37%</span> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 664px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.32%</span> </div>\n<div class=\"t m0 x304 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 664px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.35%</span> </div>\n<div class=\"t m0 x160 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 664px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.35%</span> </div>\n<div class=\"t m0 x14d h52 y5fc ff246 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 649px; z-index: 15;\">Life c<span class=\"_ _2\"></span>ost ratio in % o<span class=\"_ _2\"></span>f Life <span class=\"lse4 wsf4\">technical<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x304 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 634px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">liabilities (annualised)</span> </div>\n<div class=\"t m0 x302 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.41%</span> </div>\n<div class=\"t m0 x302 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.49%</span> </div>\n<div class=\"t m0 x304 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">6.40%</span> </div>\n<div class=\"t m0 x160 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.43%</span> </div>\n<div class=\"t m0 x160 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.43%</span> </div>\n<div class=\"t m0 x14d h54 y5ff ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 605px; z-index: 15;\">Key performance indicators Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff246 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Expe<span class=\"_ _2\"></span>nse ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">33.2%</span> </div>\n<div class=\"t m0 x302 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">61.6%</span> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">38.4%</span> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.8%</span> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.8%</span> </div>\n<div class=\"t m0 x14d h52 y608 ff246 fs3c fc14 sc0 ls109 ws125\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Claims ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">65.0%</span> </div>\n<div class=\"t m0 x142 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 365px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">118.3%</span> </div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">57.2%</span> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">60.6%</span> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">60.6%</span> </div>\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Combined ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">98.2%</span> </div>\n<div class=\"t m0 x142 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 365px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">179.9%</span> </div>\n<div class=\"t m0 x304 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">95.6%</span> </div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">95.4%</span> </div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">95.4%</span> </div>\n<div class=\"t m0 x14d h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Operating margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 545px; z-index: 15;\"> <span class=\"lsec wsfe\">8.3<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x302 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 545px; z-index: 15;\"> <span class=\"lse4 wsf4\">25.8%</span> </div>\n<div class=\"t m0 x304 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 485px; bottom: 545px; z-index: 15;\"> <span class=\"lsec wsfe\">6.0<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x160 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 545px; z-index: 15;\"> <span class=\"lsec wsfe\">8.0<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x160 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 774px; bottom: 545px; z-index: 15;\"> <span class=\"lsec wsfe\">8.1<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x14d h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Technical Insurance liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 516px; z-index: 15;\">67,349<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 516px; z-index: 15;\">18,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 485px; bottom: 516px; z-index: 15;\">1,656<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 516px; z-index: 15;\">(1,551)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 516px; z-index: 15;\">86,095<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 516px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 516px; z-index: 15;\">86,080<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 505px; height: 570px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 505px; height: 570px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 505px; height: 570px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff24b fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Definit<span class=\"_ _0\"></span>ions of alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _2b\"></span>e performance <span class=\"wsfa\">me<span class=\"_ _0\"></span>asures i<span class=\"_ _2b\"></span>n the tables:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h52 y8da ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net underwriting result<span class=\"ls0 ws0\"> <span class=\"_ _c3\"> </span>: <span class=\"_ _212\"> </span></span>The difference between <span class=\"_ _0\"></span>the net earned premiums and<span class=\"_ _2b\"></span> the sum of the actual claim payment<span class=\"_ _0\"></span>s and the change in<span class=\"_ _0\"></span> insurance liabilities, both <span class=\"_ _2b\"></span>net of</div>\n<div class=\"t m0 xf2 h52 y17b9 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">reinsurance. The result is p<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>esented net<span class=\"_ _0\"></span> of allocated claim handlin<span class=\"_ _0\"></span>g expenses, general expenses<span class=\"_ _0\"></span>, commissions and reinsurance<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17ba ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net underwriting margin<span class=\"ls0 ws0\"> <span class=\"_ _ae\"> </span>: <span class=\"_ _212\"> </span></span>For Life the net <span class=\"_ _0\"></span>annualised underwriting result div<span class=\"_ _0\"></span>ided by the average ne<span class=\"_ _2b\"></span>t Life insurance liabilities during the reporting<span class=\"_ _0\"></span> pe<span class=\"wsf6\">riod. For Non<span class=\"ls0 ws0\">-</span>life the net </span></div>\n<div class=\"t m0 xf2 h52 y17bb ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">underwriting resu<span class=\"wsf6\">lt divided by the net earned premium.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h52 y17bc ff24b fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Net investment result<span class=\"ls0 ws0\"> <span class=\"_ _bf\"> </span>: <span class=\"_ _212\"> </span></span><span class=\"wsf3\">The sum of investment inc<span class=\"_ _0\"></span>ome and realised capital gain<span class=\"_ _2b\"></span>s or losses on assets covering insurance<span class=\"_ _0\"></span> liabilities, after deduction o<span class=\"wsf6\">f rela<span class=\"_ _0\"></span>ted investment </span></span></div>\n<div class=\"t m0 xf2 h52 y17bd ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">expenses. The investment re<span class=\"_ _0\"></span>sults in Life is als<span class=\"_ _0\"></span>o<span class=\"ls0 ws0\"> </span>adjusted for the amount that is <span class=\"_ _0\"></span>allocated to the poli<span class=\"_ _0\"></span>cyholders as technical inte<span class=\"_ _0\"></span>rest and profit sharing<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 xf2 h52 y17be ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">The investment results in<span class=\"_ _0\"></span> Accident &amp; Life (par<span class=\"_ _0\"></span>t of Non<span class=\"ls0 ws0\">-</span>life) is also corrected <span class=\"_ _0\"></span>for the technical interest tha<span class=\"_ _0\"></span>t has been accrued<span class=\"_ _0\"></span> to the insurance</div>\n<div class=\"t m0 xf2 h52 y17bf ff24b fs3c fc14 sc0 lse4 wsf4\" style=\"z-index: 15;\">liabilities. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c0 ff24b fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Net investment margin<span class=\"ls0 ws0\"> <span class=\"_ _b2\"> </span>: <span class=\"_ _212\"> </span></span><span class=\"wsf3\">For Life the annual<span class=\"_ _0\"></span>ised investment result di<span class=\"_ _0\"></span>vided by the average <span class=\"_ _0\"></span>net Life insurance liabilities du<span class=\"_ _0\"></span>ring the reporting period<span class=\"_ _0\"></span>. For Non<span class=\"ls0 ws0\">-</span>life the investment </span></div>\n<div class=\"t m0 xf2 h52 y17c1 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">result divided by the n<span class=\"_ _2b\"></span>et ear<span class=\"_ _2\"></span>ned <span class=\"_ _0\"></span>premium.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c2 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net operating result<span class=\"ls0 ws0\"> <span class=\"_ _17a\"> </span>:<span class=\"_ _2\"></span> <span class=\"_ _1af\"> </span></span>T<span class=\"_ _2\"></span>he sum<span class=\"_ _0\"></span> of net underwriting result<span class=\"_ _0\"></span>, investment result and o<span class=\"_ _0\"></span>ther result allocated to<span class=\"_ _0\"></span> the insurance and/or in<span class=\"_ _0\"></span>vestment contracts<span class=\"wsf6\">. The difference </span></div>\n<div class=\"t m0 xf2 h52 y17c3 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">between operating result and<span class=\"_ _0\"></span> result before taxation <span class=\"_ _0\"></span>consists of all income and<span class=\"_ _0\"></span> costs not allocated <span class=\"_ _0\"></span>to the insurance and/or i<span class=\"_ _0\"></span>nvestment contracts and</div>\n<div class=\"t m0 xf2 h52 y17c4 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">thus not reported in <span class=\"_ _0\"></span>the operating result or<span class=\"_ _0\"></span> result from non<span class=\"ls0 ws0\">-</span>consolidated partnerships.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c5 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net operating margin<span class=\"ls0 ws0\"> <span class=\"_ _b7\"> </span>: <span class=\"_ _212\"> </span></span>For Life the annualised ope<span class=\"_ _0\"></span>rating result of the <span class=\"_ _2b\"></span>per<span class=\"_ _2\"></span>iod di<span class=\"_ _0\"></span>vided by the average ne<span class=\"_ _0\"></span>t Life insurance liabilities. <span class=\"_ _0\"></span>For Non<span class=\"ls0 ws0\">-</span>life the operating result <span class=\"_ _0\"></span>divided by</div>\n<div class=\"t m0 xf2 h52 y17c6 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">the net earned premiu<span class=\"_ _0\"></span>m.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c7 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net earned premium<span class=\"ls0 ws0\"> <span class=\"_ _bb\"> </span>: <span class=\"_ _1af\"> </span></span>T<span class=\"_ _2\"></span>he written p<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>emiums <span class=\"_ _0\"></span>of Non<span class=\"ls0 ws0\">-</span>life covering the risks fo<span class=\"_ _0\"></span>r the current period ne<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ted for <span class=\"_ _0\"></span>the premiums paid to <span class=\"_ _0\"></span>reinsurers and the chan<span class=\"_ _0\"></span>ge in unearned</div>\n<div class=\"t m0 xf2 h52 y17c8 ff24b fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">premiums reserves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c9 ff24b fs3c fc14 sc0 lse5 wsf5\" style=\"z-index: 15;\">Exp<span class=\"lsec ws100\">ense rat<span class=\"_ _2\"></span>io<span class=\"ls0 ws0\"> <span class=\"_ _141\"> </span>: <span class=\"_ _212\"> </span><span class=\"lse4 wsf3\">The expenses as a<span class=\"_ _0\"></span> percentage of net ea<span class=\"_ _0\"></span>rned premiums. Included in<span class=\"_ _2b\"></span> expenses are internal costs of claims h<span class=\"_ _0\"></span>andling commissions, <span class=\"wsf6\">net of reinsurance<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h52 y17ca ff24b fs3c fc14 sc0 ls109 ws125\" style=\"z-index: 15;\">Claims ratio<span class=\"ls0 ws0\"> <span class=\"_ _1f2\"> </span>: <span class=\"_ _1af\"> </span><span class=\"lse4 wsf3\">The cost of claims, net of reinsurance,<span class=\"_ _0\"></span> as a percentage of<span class=\"_ _0\"></span> net earned premiums.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h52 y17cb ff24b fs3c fc14 sc0 lse4 wsf4\" style=\"z-index: 15;\">Com<span class=\"wsf6\">bined ratio<span class=\"ls0 ws0\"> <span class=\"_ _13f\"> </span>: <span class=\"_ _212\"> </span></span><span class=\"wsf3\">A measure of profitability in Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">life which is the ratio b<span class=\"_ _0\"></span>etween the insurer\u2019s <span class=\"_ _0\"></span>total expenses and net ea<span class=\"_ _0\"></span>rned premiums. This is in<span class=\"_ _0\"></span>surer\u2019s total </span></span></span></span></div>\n<div class=\"t m0 xf2 h52 y17cc ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">expenses as a percentage o<span class=\"_ _2b\"></span>f net earned premiums. This is the sum<span class=\"_ _0\"></span> of the claims ratio and<span class=\"_ _2b\"></span> the expen<span class=\"lsec ws100\">se r<span class=\"_ _2\"></span>atio.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 755px; height: 351px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 755px; height: 351px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 755px; height: 351px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls5 ws5\" style=\"z-index: 15;\">Cash and cash<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">equiv<span class=\"_ _2b\"></span>alents</div>\n<div class=\"t m0 x7 h63 y17d6 ff251 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">Cash includes cash on han<span class=\"_ _0\"></span>d,</div>\n<div class=\"t m0 x7 h63 y17d7 ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">current accounts and other</div>\n<div class=\"t m0 x7 h63 y17d8 ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">financial instruments with a term of</div>\n<div class=\"t m0 x7 h63 y17d9 ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">less than three months from the</div>\n<div class=\"t m0 x7 h63 y17da ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">date on which they were acquired.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff24f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff24f fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y1550 ff24f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 564px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y1550 ff24f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff252 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xd7 h54 y608 ff252 fs3c fc1e sc0 ls0 ws0\" style=\"left: 639px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xd7 h54 y608 ff252 fs3c fc1e sc0 ls0 ws0\" style=\"left: 795px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff24f fs3c fc1e sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Cash on hand<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f4 ff24f fs3c fc1e sc0 ls0 ws0\" style=\"left: 634px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x2a1 h52 y5f4 ff24f fs3c fc1e sc0 ls0 ws0\" style=\"left: 790px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff24f fs3c fc1e sc0 lse4 wsf6\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Due from banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf4 h52 y5f9 ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 624px; bottom: 771px; z-index: 15;\">976<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y5f9 ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 773px; bottom: 771px; z-index: 15;\">1,750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf4 h52 y60e ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 624px; bottom: 756px; z-index: 15;\">175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf4 h52 y60e ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 780px; bottom: 756px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff253 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Total cash and cash equivalents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h54 y5f9 ff253 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 617px; bottom: 741px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h54 y5f9 ff253 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 741px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 724px; height: 237px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 724px; height: 237px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 724px; height: 237px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 724px; height: 237px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>in<span class=\"_ _2\"></span>ancial<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tments</div>\n<div class=\"t m0 x7 h63 y17d6 ff258 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">The composition of financial</div>\n<div class=\"t m0 x7 h63 y17d7 ff258 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">investments is as follow<span class=\"_ _0\"></span>s.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x348 h52 y1550 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 570px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 y1550 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 612px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y1550 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 729px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 801px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h54 y608 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h54 y608 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 786px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Held to maturity</span> </div>\n<div class=\"t m0 x66 h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 667px; bottom: 786px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 786px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 771px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws15f\">Available for sale</span> </div>\n<div class=\"t m0 x5d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 660px; bottom: 771px; z-index: 15;\">41,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 777px; bottom: 771px; z-index: 15;\">55,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 756px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Held at fair value through profit or <span class=\"lsef ws10a\">loss</span></span> </div>\n<div class=\"t m0 x1d h52 y60e ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 673px; bottom: 756px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y60e ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 790px; bottom: 756px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 741px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Derivatives held for trading</span> </div>\n<div class=\"t m0 x1d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 673px; bottom: 741px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 801px; bottom: 741px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h54 y5f7 ff25a fs3c fc10 sc0 lsee ws15e\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Total, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 727px; z-index: 15;\">47,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 727px; z-index: 15;\">60,279<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Impairm<span class=\"_ _2\"></span>ents:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y5fc ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y5fc ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 697px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">of investments available for sale</span> </div>\n<div class=\"t m0 x66 h52 y601 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 667px; bottom: 697px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 697px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff25a fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 682px; z-index: 15;\">Total im<span class=\"_ _2b\"></span>pairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h54 y5fc ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 667px; bottom: 682px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h54 y5fc ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 682px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y180c ff25a fs3c fc10 sc0 lsec wsfe\" style=\"left: 324px; bottom: 652px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y180c ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 652px; z-index: 15;\">46,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y180c ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 652px; z-index: 15;\">59,952<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y17eb ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y17ec ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y17ed ff256 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Availab<span class=\"_ _0\"></span>le for s<span class=\"_ _0\"></span>ale fina<span class=\"_ _0\"></span>ncial in<span class=\"_ _0\"></span>vestme<span class=\"_ _2b\"></span>nts of EUR <span class=\"lse2 ws103\">2,424 million from Ageas Fra<span class=\"_ _2\"></span>nce were reclassified to </span></div>\n<div class=\"t m0 x26 h4f y17ee ff256 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">the line \u2018<span class=\"_ _2\"></span><span class=\"ls0 ws0\">A<span class=\"lse0 wsf0\">ssets he<span class=\"_ _0\"></span>ld for sale<span class=\"_ _0\"></span>\u2019 as per 31 Decem<span class=\"_ _2b\"></span>ber 2022<span class=\"ls0 ws0\">. </span></span></span></div>\n\n<div class=\"t m0 x26 h6a y17ef ff25b fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x26 h6a y17f0 ff25b fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Investments held <span class=\"_ _2\"></span>to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 575px; bottom: 495px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 480px; z-index: 15;\">bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 649px; bottom: 495px; z-index: 15;\">Corporate debt<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 480px; z-index: 15;\">securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 480px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff256 fs3c fc10 sc0 lse7 ws109\" style=\"left: 774px; bottom: 480px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 450px; z-index: 15;\">Investments held to <span class=\"_ _0\"></span>maturity at 1 January<span class=\"_ _0\"></span> 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 450px; z-index: 15;\">4,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5f2 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 450px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 450px; z-index: 15;\">4,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 435px; z-index: 15;\">Maturities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 608px; bottom: 435px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 778px; bottom: 435px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 420px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 420px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 420px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 420px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 405px; z-index: 15;\">Investments held to maturity at 31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 405px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 ydd0 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 405px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 405px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf6\" style=\"left: 324px; bottom: 390px; z-index: 15;\">Acquisitions/divestment of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 609px; bottom: 390px; z-index: 15;\">789<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 694px; bottom: 390px; z-index: 15;\">341<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 772px; bottom: 390px; z-index: 15;\">1,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 375px; z-index: 15;\">Maturities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 375px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 375px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 361px; z-index: 15;\">Acquisitions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 614px; bottom: 361px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 705px; bottom: 361px; z-index: 15;\">8</div>\n<div class=\"t m0 x2f h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 361px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 346px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 346px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 346px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 346px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf3\" style=\"left: 324px; bottom: 331px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 608px; bottom: 331px; z-index: 15;\">(81)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 693px; bottom: 331px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 774px; bottom: 331px; z-index: 15;\">(116)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff25a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 316px; z-index: 15;\">Investments held to maturity at 31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 316px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 316px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 316px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 286px; z-index: 15;\">Fair value at 31 Dece<span class=\"_ _0\"></span>mber 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 286px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y601 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 286px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 286px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 271px; z-index: 15;\">Fair value at 31 Dece<span class=\"_ _0\"></span>mber 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 271px; z-index: 15;\">5,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 271px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 271px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1801 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1802 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1803 ff256 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value of<span class=\"_ _0\"></span> <span class=\"wsf0\">govern<span class=\"_ _0\"></span>ment bonds<span class=\"_ _0\"></span> classif<span class=\"_ _2b\"></span>ied as investment<span class=\"_ _0\"></span>s held to mat<span class=\"_ _2b\"></span>urity is based on quote<span class=\"_ _2b\"></span>d </span></div>\n<div class=\"t m0 x26 h4f y1804 ff256 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">prices in act<span class=\"_ _2b\"></span>ive markets (lev<span class=\"_ _0\"></span>el 1)<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 198px; height: 353px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 198px; height: 763px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 198px; height: 763px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 198px; height: 763px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 198px; height: 763px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 198px; height: 763px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y1030 ff260 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the fo<span class=\"_ _2b\"></span>llowing table t<span class=\"_ _2b\"></span>he government<span class=\"_ _0\"></span> bonds c<span class=\"_ _0\"></span>lassifi<span class=\"_ _2b\"></span>ed as held to m<span class=\"_ _0\"></span>aturity <span class=\"_ _2b\"></span>as at 31<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">December a<span class=\"_ _0\"></span>re <span class=\"lse2 wsfa\">detailed b<span class=\"_ _2\"></span>y country of origin<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1810 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1066px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff260 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 527px; bottom: 1066px; z-index: 15;\">Historical/amortised cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y603 ff260 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 756px; bottom: 1066px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1036px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1036px; z-index: 15;\">4,296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1036px; z-index: 15;\">4,776<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1021px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1021px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1021px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1006px; z-index: 15;\">Indian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1006px; z-index: 15;\">763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1006px; z-index: 15;\">768<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff263 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 991px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 991px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 991px; z-index: 15;\">5,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 946px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 915px; z-index: 15;\">4,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 915px; z-index: 15;\">6,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 900px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 900px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 886px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 886px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y181e ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y181f ff264 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.2</span> </div>\n<div class=\"t m0 x7 h6a y1820 ff264 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Investment<span class=\"_ _0\"></span>s available for sale <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 746px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 776px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 761px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 746px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 746px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 746px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 776px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 761px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f7 ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 761px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 746px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 761px; z-index: 15;\">  </div>\n<div class=\"t m0 x196 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 746px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 761px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 746px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 715px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 715px; z-index: 15;\">596<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 715px; z-index: 15;\">(2,390)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 701px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 701px; z-index: 15;\">16,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 701px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 701px; z-index: 15;\">(1,537)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 701px; z-index: 15;\">14,725<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 701px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 701px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 686px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 686px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 686px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 671px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 671px; z-index: 15;\">40,062<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 671px; z-index: 15;\">650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 671px; z-index: 15;\">(3,927)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 671px; z-index: 15;\">36,785<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 671px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 671px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 641px; z-index: 15;\">366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 641px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 641px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 626px; z-index: 15;\">3,448<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 626px; z-index: 15;\">671<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 626px; z-index: 15;\">(102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 626px; z-index: 15;\">4,017<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 626px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 626px; z-index: 15;\">3,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x67 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y60e ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 597px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 582px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s</span></span> </div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 582px; z-index: 15;\">3,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 582px; z-index: 15;\">714<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 582px; z-index: 15;\">(105)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 582px; z-index: 15;\">4,424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 582px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 582px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 552px; z-index: 15;\">43,877<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 552px; z-index: 15;\">1,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 552px; z-index: 15;\">(4,032)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 552px; z-index: 15;\">41,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 552px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 477px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 507px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 492px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 477px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 477px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 477px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 492px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 492px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 477px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 477px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 492px; z-index: 15;\">  </div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 492px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 477px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 447px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 447px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 447px; z-index: 15;\">5,241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 447px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 432px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 432px; z-index: 15;\">17,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 432px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 432px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 432px; z-index: 15;\">18,415<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 432px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 432px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 417px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 417px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 417px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 417px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 417px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 417px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 402px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt <span class=\"wsf4\">securities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 402px; z-index: 15;\">43,323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 402px; z-index: 15;\">6,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 402px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 402px; z-index: 15;\">49,607<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 402px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 402px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 372px; z-index: 15;\">173<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 372px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 372px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 372px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 357px; z-index: 15;\">4,551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 357px; z-index: 15;\">1,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 357px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 357px; z-index: 15;\">5,781<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 357px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 357px; z-index: 15;\">5,475<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 343px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x67 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 328px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 313px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other investments</span> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 313px; z-index: 15;\">4,726<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 313px; z-index: 15;\">1,278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 313px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 313px; z-index: 15;\">5,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 313px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 313px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 283px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 283px; z-index: 15;\">48,049<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 283px; z-index: 15;\">7,630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 283px; z-index: 15;\">(97)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 283px; z-index: 15;\">55,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 283px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 283px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1842 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1843 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1844 ff260 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> EUR<span class=\"ls0 ws0\"> </span><span class=\"wsef\">1,979<span class=\"ls0 ws0\"> </span></span>mi<span class=\"_ _0\"></span>llion of th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents avail<span class=\"_ _2b\"></span>able for sale has been pl<span class=\"_ _2b\"></span>edged as collate<span class=\"_ _0\"></span>ral (<span class=\"lse2 wsf1\">2021<span class=\"ws103\">: EUR<span class=\"ls0 ws0\"> </span></span>2,032<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">million).</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 225px; height: 20px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 225px; height: 607px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 225px; height: 881px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 225px; height: 881px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 225px; height: 881px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 225px; height: 881px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 225px; height: 881px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 225px; height: 881px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments availa<span class=\"_ _0\"></span>ble for sa<span class=\"_ _2b\"></span>le is based on:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsf0\">Level 1: quoted pri<span class=\"_ _0\"></span>ces in activ<span class=\"_ _0\"></span>e markets;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsfa\">Level 2: observ<span class=\"_ _2b\"></span>able market dat<span class=\"_ _2b\"></span>a in active mar<span class=\"_ _0\"></span>kets;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse2 wsf1\">L<span class=\"_ _2\"></span>evel</span><span class=\"ff266\"> <span class=\"lse2 ws103\">3: non</span>-<span class=\"lse0 wsf0\">observable in<span class=\"_ _2b\"></span>puts (counterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _0\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x14d h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 1018px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 1018px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 1018px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 1018px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 987px; z-index: 15;\">21,723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 987px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y608 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 987px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 972px; z-index: 15;\">12,520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,565<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 972px; z-index: 15;\">626<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 972px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Equity <span class=\"wsf3\">securities, private equities and o<span class=\"_ _0\"></span>ther investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 943px; z-index: 15;\">2,621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 943px; z-index: 15;\">934<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 943px; z-index: 15;\">658<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 928px; z-index: 15;\">36,864<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">2,836<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 928px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 928px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y184e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y184f ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 881px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 881px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 881px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 881px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 850px; z-index: 15;\">30,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 850px; z-index: 15;\">551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 850px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 850px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Corporate debt <span class=\"lsef ws10a\">securitie<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 835px; z-index: 15;\">16,002<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 835px; z-index: 15;\">1,953<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 835px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 835px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Equity securities, private equi<span class=\"_ _0\"></span>ties and other investment<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 806px; z-index: 15;\">3,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 806px; z-index: 15;\">1,547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 806px; z-index: 15;\">936<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 806px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 791px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 791px; z-index: 15;\">49,777<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 791px; z-index: 15;\">4,102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 791px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 791px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 780px; height: 247px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1857 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1858 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1859 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The chang<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>in l<span class=\"_ _0\"></span>evel 3 <span class=\"lse2 wsfa\">valuation are<span class=\"_ _2\"></span> as follows.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y185a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 713px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 713px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 713px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 683px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 683px; z-index: 15;\">1,312<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y601 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 668px; z-index: 15;\">(385)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 653px; z-index: 15;\">Acquisitions/divestment of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Maturity/redemption or repayment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 638px; z-index: 15;\">(61)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 638px; z-index: 15;\">(63)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 624px; z-index: 15;\">Acquired<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 624px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 624px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 609px; z-index: 15;\">Proceeds from sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 609px; z-index: 15;\">(129)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 609px; z-index: 15;\">(140)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 594px; z-index: 15;\">Realised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 594px; z-index: 15;\">2</div>\n<div class=\"t m0 xd2 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 594px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 579px; z-index: 15;\">Reversal of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 564px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 564px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e4 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 564px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Unrealised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 549px; z-index: 15;\">(110)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 549px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 535px; z-index: 15;\">Transfers between valuation categories<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 535px; z-index: 15;\">289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 505px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 505px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y186a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186b ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Level 3 v<span class=\"_ _2b\"></span>aluations for p<span class=\"_ _2b\"></span>rivate equities<span class=\"_ _0\"></span> and ve<span class=\"_ _0\"></span>nture ca<span class=\"_ _2b\"></span>pital use fair v<span class=\"_ _2b\"></span>alues</div>\n<div class=\"t m0 x7 h4f y186d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ed in the <span class=\"_ _0\"></span>audite<span class=\"_ _2b\"></span>d financial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s of the <span class=\"_ _0\"></span>relevant<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y186e ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pations.<span class=\"_ _0\"></span> Level 3 val<span class=\"_ _0\"></span>uations f<span class=\"_ _0\"></span>or equiti<span class=\"_ _0\"></span>es and asset<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsef\">back<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x7 h4f y186f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies use a dis<span class=\"_ _0\"></span>coun<span class=\"lse2 ws103\">ted cash flow methodology. Expec<span class=\"_ _2\"></span>ted cash </span></div>\n<div class=\"t m0 x7 h4f y1870 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows tak<span class=\"_ _0\"></span>e into accou<span class=\"_ _0\"></span>nt origin<span class=\"_ _2b\"></span>al underwritin<span class=\"_ _0\"></span>g criteri<span class=\"_ _0\"></span>a, borrow<span class=\"_ _0\"></span>er attrib<span class=\"_ _0\"></span>utes</div>\n<div class=\"t m0 x7 h4f y1871 ff266 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(such as age and<span class=\"_ _2\"></span> credit scores), loan<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">val<span class=\"_ _0\"></span>ue ratios, ex<span class=\"_ _2b\"></span>pected house </span></span></div>\n<div class=\"t m0 x7 h4f y1872 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">price mov<span class=\"_ _0\"></span>ements a<span class=\"_ _0\"></span>nd expect<span class=\"_ _0\"></span>ed prepaym<span class=\"_ _2b\"></span>ent rates etc. Exp<span class=\"_ _0\"></span>ected cash</div>\n<div class=\"t m0 x7 h4f y1873 ff266 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">flow<span class=\"lse0 wsf0\">s are discount<span class=\"_ _2b\"></span>ed at risk<span class=\"ls0 ws0\">-</span>adjusted rat<span class=\"_ _2b\"></span>es. Market parti<span class=\"_ _0\"></span>cipants oft<span class=\"_ _2b\"></span>en use </span></div>\n<div class=\"t m0 x7 h4f y1874 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">such dis<span class=\"_ _0\"></span>counted <span class=\"_ _2b\"></span>cash flow tec<span class=\"_ _0\"></span>hnique<span class=\"_ _0\"></span>s to pric<span class=\"_ _0\"></span>e privat<span class=\"_ _2b\"></span>e equities and</div>\n<div class=\"t m0 x7 h4f y1875 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e capital.<span class=\"_ _0\"></span> We re<span class=\"_ _0\"></span>ly also o<span class=\"_ _0\"></span>n these q<span class=\"_ _0\"></span>uotes t<span class=\"_ _0\"></span>o a certai<span class=\"_ _2b\"></span>n extent when</div>\n<div class=\"t m0 x1a h4f y1876 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuing t<span class=\"_ _2b\"></span>hese instrum<span class=\"_ _0\"></span>ents. Th<span class=\"_ _2b\"></span>ese techniques<span class=\"_ _0\"></span> are<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">subject to inherent </span></span></div>\n<div class=\"t m0 x1a h4f y1877 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limitati<span class=\"_ _2b\"></span>ons, such as estimat<span class=\"_ _0\"></span>ion of the a<span class=\"_ _0\"></span>ppropria<span class=\"_ _2b\"></span>te risk<span class=\"ls0 ws0\">-</span>adjusted dis<span class=\"_ _0\"></span>count</div>\n<div class=\"t m0 x1a h4f y1878 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate, and d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nt assumpt<span class=\"_ _2b\"></span>ions and inputs wou<span class=\"_ _0\"></span>ld yield dif<span class=\"_ _0\"></span>ferent res<span class=\"_ _2b\"></span>ults.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1879 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y187a ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leve<span class=\"_ _2b\"></span>l 3 positions ar<span class=\"_ _2b\"></span>e mainly sensit<span class=\"_ _0\"></span>ive to a c<span class=\"_ _2b\"></span>hange in the l<span class=\"_ _0\"></span>evel of</div>\n<div class=\"t m0 x1a h4f y187b ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d futur<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span>cash flow<span class=\"_ _0\"></span>s and, ac<span class=\"_ _0\"></span>cordi<span class=\"_ _0\"></span>ngly, th<span class=\"_ _0\"></span>eir fair v<span class=\"_ _2b\"></span>alues vary in</div>\n<div class=\"t m0 x1a h4f y187c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ion to c<span class=\"_ _0\"></span>hanges of <span class=\"_ _0\"></span>these c<span class=\"_ _2b\"></span>ash flows. The c<span class=\"_ _2b\"></span>hanges in val<span class=\"_ _0\"></span>ue of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y187d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">level 3 i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents ar<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>nted for<span class=\"_ _0\"></span> in othe<span class=\"_ _0\"></span>r compr<span class=\"_ _0\"></span>ehensive <span class=\"_ _2b\"></span>income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y187e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Q<span class=\"lse0 wsf0\">uantitativ<span class=\"_ _2b\"></span>e unobservable i<span class=\"_ _0\"></span>nputs use<span class=\"_ _0\"></span>d when measu<span class=\"_ _2b\"></span>ring fair value are </span></div>\n<div class=\"t m0 x1a h4f y187f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not devel<span class=\"_ _0\"></span>oped by the ent<span class=\"_ _0\"></span>ity<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 305px; height: 801px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 305px; height: 801px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 305px; height: 801px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 305px; height: 801px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 305px; height: 801px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 305px; height: 801px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 305px; height: 801px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff26c fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Govern<span class=\"_ _0\"></span>ment bonds<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>deta<span class=\"_ _0\"></span>iled by cou<span class=\"_ _0\"></span>ntry of ori<span class=\"_ _0\"></span>gin <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff26c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 1065px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 1050px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 1035px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 1065px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 640px; bottom: 1050px; z-index: 15;\">u<span class=\"lse4 wsf4\">nrealised</span> </div>\n<div class=\"t m0 x160 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 1035px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 1050px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1035px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 1005px; z-index: 15;\">10,324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1005px; z-index: 15;\">(1,241)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1005px; z-index: 15;\">9,083<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 990px; z-index: 15;\">3,856<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 990px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">3,855<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Spanish national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 975px; z-index: 15;\">2,287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 661px; bottom: 975px; z-index: 15;\">(338)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">1,949<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 960px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 960px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">1,543<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 945px; z-index: 15;\">1,581<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 945px; z-index: 15;\">(53)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 931px; z-index: 15;\">1,029<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 931px; z-index: 15;\">2</div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 931px; z-index: 15;\">1,031<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 916px; z-index: 15;\">859<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 916px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">920<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 901px; z-index: 15;\">468<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 901px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 886px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 886px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 886px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Polish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 871px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 871px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 871px; z-index: 15;\">232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 856px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 856px; z-index: 15;\">234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 856px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 856px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 842px; z-index: 15;\">158<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 842px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 842px; z-index: 15;\">122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Luxembourg national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 827px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 827px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 827px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 812px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 812px; z-index: 15;\">2</div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 812px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Malta national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 797px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 797px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 797px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 782px; z-index: 15;\">636<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 782px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 782px; z-index: 15;\">601<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 767px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 767px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 767px; z-index: 15;\">(1,794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 767px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 722px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 707px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 692px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 722px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f9 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 640px; bottom: 707px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 692px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 722px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y5f9 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 707px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 692px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 662px; z-index: 15;\">10,891<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 662px; z-index: 15;\">2,203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 662px; z-index: 15;\">13,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 647px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 647px; z-index: 15;\">4,689<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 647px; z-index: 15;\">1,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 647px; z-index: 15;\">5,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 632px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 632px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 632px; z-index: 15;\">357<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 632px; z-index: 15;\">2,481<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 617px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 617px; z-index: 15;\">1,722<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 617px; z-index: 15;\">402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 617px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 602px; z-index: 15;\">Spanish <span class=\"wsf3\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 602px; z-index: 15;\">2,107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 602px; z-index: 15;\">287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 602px; z-index: 15;\">2,394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 588px; z-index: 15;\">1,159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 588px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 588px; z-index: 15;\">1,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 573px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 573px; z-index: 15;\">830<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 573px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 573px; z-index: 15;\">1,065<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 558px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 558px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 558px; z-index: 15;\">521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 543px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 543px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 543px; z-index: 15;\">365<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 528px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 528px; z-index: 15;\">222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 528px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 528px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Polish <span class=\"wsf6\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 513px; z-index: 15;\">274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 513px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 513px; z-index: 15;\">309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 498px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 498px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">244<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Czech Republic national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 469px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 469px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 469px; z-index: 15;\">105<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">US national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 561px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x28a h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 439px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 439px; z-index: 15;\">838<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 439px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 439px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 424px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 424px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 424px; z-index: 15;\">5,196<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 424px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 413px; height: 693px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 413px; height: 693px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 413px; height: 693px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 413px; height: 693px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 413px; height: 693px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 413px; height: 693px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 413px; height: 693px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff271 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">table below sh<span class=\"_ _0\"></span>ows net unr<span class=\"_ _0\"></span>ealised<span class=\"_ _0\"></span> gains and los<span class=\"_ _0\"></span>ses on inv<span class=\"_ _0\"></span>estments av<span class=\"_ _2b\"></span>ailable for sale in<span class=\"_ _0\"></span>cluded in e<span class=\"_ _0\"></span>quity<span class=\"lsf4 ws10c\">. </span>Equit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>sec<span class=\"_ _0\"></span>urities a<span class=\"_ _2b\"></span>nd other investment<span class=\"_ _2b\"></span>s also </span></div>\n<div class=\"t m0 x7 h4f y803 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include p<span class=\"_ _0\"></span>rivate eq<span class=\"_ _0\"></span>uities a<span class=\"_ _0\"></span>nd venture c<span class=\"_ _0\"></span>apital.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">Available for sale <span class=\"_ _0\"></span><span class=\"lse4 wsf3\">investments in debt securi<span class=\"_ _0\"></span>ties:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1019px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 989px; z-index: 15;\">(3,277)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">6,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 974px; z-index: 15;\">752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 974px; z-index: 15;\">(1,586)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 959px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 959px; z-index: 15;\">(2,251)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 945px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 945px; z-index: 15;\">652<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 930px; z-index: 15;\">(2,422)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 930px; z-index: 15;\">3,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 884px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 884px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in equity securities and ot<span class=\"_ _0\"></span>her investments:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 854px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 854px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 824px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 824px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 809px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 809px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 809px; z-index: 15;\">(134)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 795px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 795px; z-index: 15;\">(99)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 795px; z-index: 15;\">(756)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 780px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 xd2 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 780px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 780px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 765px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 765px; z-index: 15;\">505<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 765px; z-index: 15;\">477<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18ad ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18ae ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18af ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The chan<span class=\"_ _2b\"></span>ges in impairm<span class=\"_ _0\"></span>ents of i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts ava<span class=\"_ _0\"></span>ilable f<span class=\"_ _2b\"></span>or sale are as fo<span class=\"_ _0\"></span>llows<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18b0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 686px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 686px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff273 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 656px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 656px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 656px; z-index: 15;\">(336)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 641px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y638 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 626px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 611px; z-index: 15;\">(117)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 611px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 596px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 581px; z-index: 15;\">Reversal on sale/disposal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 581px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 581px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 567px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 567px; z-index: 15;\">2</div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 567px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 552px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 541px; height: 565px; width: 84%; z-index: 7;\"><br/></div>\n\n\n<div class=\"t m0 x7 h6a y18b8 ff275 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.3</span> </div>\n<div class=\"t m0 x7 h6a y18b9 ff275 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Investm<span class=\"_ _0\"></span>ents held<span class=\"_ _0\"></span> at fair value throug<span class=\"_ _0\"></span>h profit<span class=\"_ _0\"></span> or loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 457px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 457px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 457px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 427px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 412px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 412px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 412px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 397px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 397px; z-index: 15;\">1</div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 397px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 382px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 382px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 353px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 353px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 353px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 338px; z-index: 15;\">Other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 338px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 338px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 323px; z-index: 15;\">Equity securities and other in<span class=\"_ _2b\"></span>v<span class=\"_ _2\"></span>estments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 323px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 323px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff273 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 308px; z-index: 15;\">Total <span class=\"_ _2b\"></span>investments<span class=\"_ _0\"></span> held<span class=\"_ _0\"></span> at fair<span class=\"_ _2b\"></span> value thr<span class=\"_ _0\"></span>ough <span class=\"_ _0\"></span>profit<span class=\"_ _0\"></span> or los<span class=\"_ _2b\"></span>s<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 308px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 308px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18bf ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c1 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments hel<span class=\"_ _2b\"></span>d at fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh profit o<span class=\"_ _2b\"></span>r loss include <span class=\"_ _0\"></span>primar<span class=\"_ _0\"></span>ily</div>\n<div class=\"t m0 x7 h4f y18c2 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents related t<span class=\"_ _0\"></span>o insura<span class=\"_ _0\"></span>nce liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s where c<span class=\"_ _2b\"></span>ash flows are l<span class=\"_ _0\"></span>inked</div>\n<div class=\"t m0 x7 h4f y18c3 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the p<span class=\"_ _0\"></span>erforma<span class=\"_ _0\"></span>nce of t<span class=\"_ _0\"></span>hese ass<span class=\"_ _0\"></span>ets, ei<span class=\"_ _0\"></span>ther co<span class=\"_ _0\"></span>ntractu<span class=\"_ _0\"></span>ally or o<span class=\"_ _0\"></span>n the bas<span class=\"_ _2b\"></span>is</div>\n<div class=\"t m0 x7 h4f y18c4 ff271 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of discret<span class=\"_ _2\"></span>ionary participation a<span class=\"_ _2\"></span>nd whose measuremen<span class=\"_ _2\"></span>t incorporates</div>\n<div class=\"t m0 x7 h4f y18c5 ff271 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">current informa<span class=\"_ _2\"></span>tion. This measurement signi<span class=\"_ _2\"></span>f<span class=\"lse0 wsf0\">ica<span class=\"_ _0\"></span>ntly reduc<span class=\"_ _2b\"></span>es an </span></div>\n<div class=\"t m0 x7 h4f y18c6 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mism<span class=\"_ _2b\"></span>atch that woul<span class=\"_ _2b\"></span>d otherwise ar<span class=\"_ _0\"></span>ise fro<span class=\"_ _0\"></span>m measur<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>ets</div>\n<div class=\"t m0 x7 h4f y18c7 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and liabi<span class=\"_ _0\"></span>lities an<span class=\"_ _0\"></span>d the relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>gain<span class=\"_ _0\"></span>s and losses<span class=\"_ _0\"></span> on differe<span class=\"_ _2b\"></span>nt bases.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18c8 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Other in<span class=\"_ _0\"></span>vestme<span class=\"_ _2b\"></span>nts held at fair<span class=\"_ _0\"></span> value th<span class=\"_ _2b\"></span>rough profit o<span class=\"_ _0\"></span>r loss rel<span class=\"_ _2b\"></span>ate to</div>\n<div class=\"t m0 x1a h4f y18c9 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents in the pro<span class=\"_ _2b\"></span>perty f<span class=\"lse2 wsf1\">und. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18ca ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The nomin<span class=\"_ _0\"></span>al value of t<span class=\"_ _0\"></span>he debt secu<span class=\"_ _0\"></span>rities hel<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>at fai<span class=\"_ _0\"></span>r value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it</div>\n<div class=\"t m0 x1a h4f y18cb ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or loss as at <span class=\"wsef\">31<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsfa\">2022 is EUR<span class=\"_ _2\"></span></span> <span class=\"lse2 wsfa\">139 million (<span class=\"_ _2\"></span>31</span> </span>Decem<span class=\"_ _2b\"></span>ber<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">202<span class=\"_ _2\"></span>1: </span></span></span></div>\n<div class=\"t m0 x1a h4f y18cc ff271 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">133<span class=\"_ _2\"></span></span> <span class=\"ls102 ws11d\">million).</span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 156px; height: 358px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 156px; height: 950px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 156px; height: 950px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 156px; height: 950px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 156px; height: 950px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 156px; height: 950px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 156px; height: 950px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments held at f<span class=\"_ _0\"></span>air valu<span class=\"_ _2b\"></span>e through <span class=\"wsf0\">prof<span class=\"_ _0\"></span>it or loss is ba<span class=\"_ _0\"></span>sed on:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 1</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsfa\">quote<span class=\"_ _0\"></span>d prices i<span class=\"_ _2b\"></span>n active market<span class=\"_ _2b\"></span>s;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 2</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et data in act<span class=\"_ _0\"></span>ive mark<span class=\"_ _0\"></span>ets;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 3</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse2 wsf1\">non</span>-<span class=\"lse0 wsf0\">observabl<span class=\"_ _0\"></span>e inputs (c<span class=\"_ _0\"></span>ounterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _2b\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y807 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation at year<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">end is<span class=\"_ _0\"></span> as follow<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 986px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 986px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 986px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 986px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y601 ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 986px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 956px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 941px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 926px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 911px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 896px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 896px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 896px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 896px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 896px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff27c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total Investments held at<span class=\"_ _0\"></span> fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 867px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 867px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 867px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 867px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 867px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18d7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18d8 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 820px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 820px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 820px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 820px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 820px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 789px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 774px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5fc ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 745px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 730px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 730px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 730px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 730px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 730px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27c fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Total Investments held at <span class=\"lsef ws102\">fair valu<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 460px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 633px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 720px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 700px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 700px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 700px; z-index: 15;\">206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 700px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 700px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 689px; height: 338px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 689px; height: 417px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 689px; height: 417px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y18de ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18df ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h6a y18e0 ff27d fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.4</span> </div>\n<div class=\"t m0 x7 h6a y18e1 ff27d fs46 fcf sc0 ls10c ws12f\" style=\"z-index: 15;\">Deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s held<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>trading<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18e2 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Derivat<span class=\"_ _0\"></span>ives hel<span class=\"_ _2b\"></span>d for trading <span class=\"_ _0\"></span><span class=\"lse2\">are based <span class=\"_ _2\"></span>on <span class=\"lse0 wsef\">level<span class=\"ls0 ws0\"> </span></span><span class=\"ws103\">2 valuation (observable<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y18e3 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market dat<span class=\"_ _2b\"></span>a in<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>act<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s)<span class=\"lsf4 ws114\">. S<span class=\"lse2 wsfa\">ee also note <span class=\"_ _2\"></span><span class=\"wsf1\">27<span class=\"ls0 ws0\"> </span><span class=\"ws103\">Derivatives for<span class=\"_ _2\"></span> further </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y18e4 ff277 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">details<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 533px; height: 89px; width: 346px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y18e5 ff27d fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">10.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y18e6 ff27d fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Securities lending<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18e7 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Under sec<span class=\"_ _0\"></span>urities l<span class=\"_ _0\"></span>ending ag<span class=\"_ _0\"></span>reement<span class=\"_ _0\"></span>s, we have aut<span class=\"_ _2b\"></span>horised third pa<span class=\"_ _0\"></span>rties</div>\n<div class=\"t m0 x7 h4f y18e8 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to use ce<span class=\"_ _0\"></span>rtain of<span class=\"_ _0\"></span> our sec<span class=\"_ _0\"></span>urities f<span class=\"_ _2b\"></span>or a limited p<span class=\"_ _0\"></span>eriod of<span class=\"_ _0\"></span> time, <span class=\"_ _0\"></span>after wh<span class=\"_ _0\"></span>ich</div>\n<div class=\"t m0 x7 h4f y18e9 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">they ret<span class=\"_ _0\"></span>urn the s<span class=\"_ _2b\"></span>ecurities to us<span class=\"_ _0\"></span>. Durin<span class=\"_ _0\"></span>g such ti<span class=\"_ _2b\"></span>me, w<span class=\"wsf0\">e continue to e<span class=\"_ _2b\"></span>arn </span></div>\n<div class=\"t m0 x7 h4f y18ea ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the rev<span class=\"_ _0\"></span>enues th<span class=\"_ _0\"></span>at these <span class=\"_ _2b\"></span>securities g<span class=\"_ _0\"></span>enerat<span class=\"_ _0\"></span>e. We also <span class=\"_ _2b\"></span>benefit from</div>\n<div class=\"t m0 x7 h4f y18eb ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">collate<span class=\"_ _0\"></span>ral under t<span class=\"_ _0\"></span>he form of ot<span class=\"_ _0\"></span>her secu<span class=\"_ _0\"></span>rities wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>a cove<span class=\"_ _2b\"></span>rage rate of at</div>\n<div class=\"t m0 x7 h4f y18ec ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">least 105%.<span class=\"_ _2\"></span> As at year<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">end,<span class=\"_ _0\"></span> such agree<span class=\"_ _0\"></span>ments cov<span class=\"_ _2b\"></span>ered an amount of </span></span></div>\n<div class=\"t m0 x7 h4f y18ed ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 691 mil<span class=\"_ _0\"></span>lion (EUR<span class=\"_ _0\"></span> 738 milli<span class=\"_ _0\"></span>on <span class=\"wsfa\">last ye<span class=\"_ _0\"></span>ar).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y18ee ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h6a y18e0 ff27d fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">10.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y18e1 ff27d fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Interests in unconsolidated<span class=\"_ _0\"></span> structured entities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18e2 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Insura<span class=\"_ _2b\"></span>nce, a subsidiary of<span class=\"_ _0\"></span> Ageas Gro<span class=\"_ _0\"></span>up, <span class=\"ls102 ws11d\">hold</span>s notes <span class=\"lsfb wsfa\">which </span></div>\n<div class=\"t m0 x1a h4f y18e3 ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">represent<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"ws103\">an interest (through<span class=\"_ _2\"></span> the rece<span class=\"lse0 wsf0\">ipt of pri<span class=\"_ _2b\"></span>ncipal and interes<span class=\"_ _0\"></span>t) in<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18e4 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">struct<span class=\"_ _0\"></span>ured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">that <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">it does not </span></span></span></span>consolidat<span class=\"_ _0\"></span>e. The struc<span class=\"_ _0\"></span>tured ent<span class=\"_ _2b\"></span>it<span class=\"ls102 ws11d\">ie<span class=\"_ _2\"></span>s </span></div>\n<div class=\"t m0 x1a h4f y18ef ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">invest<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">in mortgage receivab<span class=\"_ _2\"></span>les </span></span><span class=\"wsf0\">and leas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>eivabl<span class=\"_ _2b\"></span>es and generate<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18f0 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">funds th<span class=\"_ _0\"></span>rough t<span class=\"_ _2b\"></span>he issu<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf0\">of not<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">or units.</span> </span></span></div>\n<div class=\"t m0 x1a h4f y18f1 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f2 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">These structured<span class=\"_ _2\"></span> notes <span class=\"wsfa\">and units <span class=\"lse0 wsf0\">are recorded in \u2019Inv<span class=\"_ _2b\"></span>estments avail<span class=\"_ _0\"></span>able </span></span></div>\n<div class=\"t m0 x1a h4f y18f3 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for sale\u2019.<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Ne<span class=\"_ _2b\"></span>xt to the notes <span class=\"_ _0\"></span>and unit<span class=\"_ _0\"></span>s, AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e does no<span class=\"_ _0\"></span>t <span class=\"lse2\">hold any </span></span></div>\n<div class=\"t m0 x1a h4f y18f4 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other interest<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">in th<span class=\"_ _0\"></span>ese stru<span class=\"_ _0\"></span>ctured <span class=\"_ _0\"></span>entities<span class=\"_ _2b\"></span>. The <span class=\"wsf0\">maximum los<span class=\"_ _2b\"></span>s exposure<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y18f5 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance has is <span class=\"lse2 ws103\">limited to the carrying amoun<span class=\"_ _2\"></span>t of the notes<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">or uni<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18f6 ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">held.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18f7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f8 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e in the Fund of</div>\n<div class=\"t m0 x1a h4f y18f9 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">mortgage loan<span class=\"_ _2\"></span>s amounts to EU<span class=\"_ _2\"></span>R 319 million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR</div>\n<div class=\"t m0 x1a h4f y18fa ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">410 milli<span class=\"_ _0\"></span>on at 31 Decem<span class=\"_ _0\"></span>ber 2021<span class=\"_ _0\"></span>). The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interes<span class=\"_ _0\"></span>t held</div>\n<div class=\"t m0 x1a h4f y18fb ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">by AG Ins<span class=\"_ _2b\"></span>urance in Leas<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">backed rec<span class=\"_ _2b\"></span>eivables amount<span class=\"_ _0\"></span>s to EUR 28 </span></div>\n<div class=\"t m0 x1a h4f y18fc ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">35 millio<span class=\"_ _2b\"></span>n at <span class=\"_ _2\"></span>31 De<span class=\"_ _0\"></span>cember 2<span class=\"_ _0\"></span>021). </span></span></div>\n<div class=\"t m0 x1a h4f y18fd ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG Ins<span class=\"_ _2b\"></span>urance in Privat<span class=\"_ _0\"></span>e Equity</div>\n<div class=\"t m0 x1a h4f y18fe ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts to EUR 173<span class=\"_ _2\"></span> million at 31 December 2022 (EU<span class=\"_ _2\"></span>R 27<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">millio<span class=\"_ _0\"></span>n at 31 </span></span></div>\n<div class=\"t m0 x1a h4f y18ff ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">December <span class=\"lse0 wsef\">2021).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1900 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1901 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Fund of mo<span class=\"_ _0\"></span>rtgage lo<span class=\"_ _2b\"></span>ans is fully detaine<span class=\"_ _2b\"></span>d by AG Insurance, a<span class=\"_ _0\"></span>nd the</div>\n<div class=\"t m0 x1a h4f y1902 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">total ass<span class=\"_ _0\"></span>ets of the Le<span class=\"_ _0\"></span>ase<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">backed receivabl<span class=\"_ _2\"></span>es amounts to E<span class=\"_ _2\"></span>UR 196 </span></span></div>\n<div class=\"t m0 x1a h4f y1903 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>(EUR 339 million <span class=\"_ _2\"></span>at 31 December <span class=\"_ _2\"></span>2021)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 202px; height: 415px; width: 353px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 202px; height: 420px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 201px; height: 905px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 201px; height: 905px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 201px; height: 905px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 201px; height: 905px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 201px; height: 905px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">In<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">propert<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h63 y17d6 ff280 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Investment property mainly</div>\n<div class=\"t m0 x7 h63 y17d7 ff280 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">comprises<span class=\"ls0 ws0\"> <span class=\"lsf8 ws10f\">office buildings and </span></span></div>\n<div class=\"t m0 x7 h63 y17d8 ff280 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">retail space.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x3 h52 y1550 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 538px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y1550 ff27e fs3c fc10 sc0 lse4 wsf3\" style=\"left: 590px; bottom: 816px; z-index: 15;\">31 December <span class=\"wsf4\">2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x304 h52 y1550 ff27e fs3c fc10 sc0 lse4 wsf3\" style=\"left: 717px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x247 h54 y608 ff281 fs3c fc14 sc0 ls0 ws0\" style=\"left: 666px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x247 h54 y608 ff281 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f4 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 646px; bottom: 786px; z-index: 15;\">3,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f4 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 786px; z-index: 15;\">3,120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Impairments of investment p<span class=\"_ _0\"></span>roperty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 771px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 771px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff282 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment pr<span class=\"_ _0\"></span>operty<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 646px; bottom: 756px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 756px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1906 ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1907 ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 xf2 h52 y5f9 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 535px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x225 h52 y5f9 ff27e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 709px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff27e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 709px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y60e ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y60e ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff282 fs3c fc10 sc0 lsef ws102\" style=\"left: 324px; bottom: 679px; z-index: 15;\">Acqui<span class=\"_ _2\"></span>sition cos<span class=\"_ _2\"></span>t as at 1 Janua<span class=\"_ _2\"></span>ry<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5fc ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 679px; z-index: 15;\">3,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5fc ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 679px; z-index: 15;\">3,661<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff27e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 664px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f7 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 649px; bottom: 664px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y5f7 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 649px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 649px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 649px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 634px; z-index: 15;\">Additions/purchases<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 634px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 634px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff27e fs3c fc14 sc0 lsec ws100\" style=\"left: 324px; bottom: 619px; z-index: 15;\">Capi<span class=\"_ _2\"></span>tal impro<span class=\"_ _2\"></span>vements<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5ff ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 619px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5ff ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 619px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 604px; z-index: 15;\">Disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 604px; z-index: 15;\">(350)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 604px; z-index: 15;\">(100)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 590px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y603 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 590px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y603 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 590px; z-index: 15;\">(43)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 575px; z-index: 15;\">Acquisition cost as a<span class=\"_ _0\"></span>t 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y605 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 575px; z-index: 15;\">3,841<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y605 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 575px; z-index: 15;\">3,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y603 ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y603 ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 545px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 545px; z-index: 15;\">(810)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 545px; z-index: 15;\">(770)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff27e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 530px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y632 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 530px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y632 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 515px; z-index: 15;\">Depreciation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f2 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 649px; bottom: 515px; z-index: 15;\">(95)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f2 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 515px; z-index: 15;\">(97)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 500px; z-index: 15;\">Reversal of depreciation due<span class=\"_ _0\"></span> to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 ydd0 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 500px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 ydd0 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 500px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 486px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 649px; bottom: 486px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 486px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 471px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 471px; z-index: 15;\">(805)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 471px; z-index: 15;\">(810)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y5f9 ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y5f9 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff282 fs3c fc10 sc0 lsef ws102\" style=\"left: 324px; bottom: 441px; z-index: 15;\">Accumu<span class=\"_ _2\"></span>lated imp<span class=\"_ _2\"></span>airments a<span class=\"_ _2\"></span>s at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5f7 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 441px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5f7 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 441px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 426px; z-index: 15;\">Increase in <span class=\"lsef ws10a\">impa<span class=\"_ _2\"></span>irment<span class=\"ls0 ws0\">s </span></span></div>\n<div class=\"t m0 x356 h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 426px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y5fc ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 411px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y601 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x356 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 411px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 397px; z-index: 15;\">Accumulated impairments as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 397px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 397px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y601 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y601 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 367px; z-index: 15;\">Net investment property as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 367px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 367px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y191e ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y191f ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x26 h4f y1920 ff27e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As at 31<span class=\"ls0 ws0\"> </span>Decem<span class=\"_ _0\"></span>ber 2022 and 3<span class=\"_ _2b\"></span>1<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">December 2021</span></span>, no property was pl<span class=\"_ _0\"></span>edged as col<span class=\"_ _2b\"></span>lateral (see als<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x26 h4f y1921 ff27e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">note 21 B<span class=\"_ _2\"></span>orrowings). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 294px; height: 31px; width: 471px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 293px; height: 668px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 293px; height: 668px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 293px; height: 668px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 293px; height: 668px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y1030 ff285 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Annual appra<span class=\"_ _2\"></span>isals, whereby <span class=\"_ _2\"></span>the independent apprai<span class=\"_ _2\"></span>sers are rotated</div>\n<div class=\"t m0 x7 h4f y192c ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">every thr<span class=\"_ _0\"></span>ee years, c<span class=\"_ _0\"></span>over almost<span class=\"_ _0\"></span> all of the inv<span class=\"_ _2b\"></span>estment propert<span class=\"_ _0\"></span>ies. Fair</div>\n<div class=\"t m0 x7 h4f y192d ff285 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">values (le<span class=\"_ _2\"></span>vel 3) are based<span class=\"_ _2\"></span> on non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">observable m<span class=\"_ _2b\"></span>arket data and/or </span></span></div>\n<div class=\"t m0 x7 h4f y192e ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash flows.<span class=\"_ _2b\"></span> Expected pro<span class=\"_ _0\"></span>perty ca<span class=\"_ _0\"></span>sh flows t<span class=\"_ _2b\"></span>aken into acc<span class=\"_ _0\"></span>ount</div>\n<div class=\"t m0 x7 h4f y192f ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d rental inc<span class=\"_ _2b\"></span>ome growth rates,<span class=\"_ _0\"></span> void peri<span class=\"_ _0\"></span>ods, occ<span class=\"_ _0\"></span>upancy rat<span class=\"_ _2b\"></span>es,</div>\n<div class=\"t m0 x7 h4f y1930 ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease inc<span class=\"_ _0\"></span>entive co<span class=\"_ _0\"></span>sts, such as<span class=\"_ _0\"></span> rent<span class=\"ls0 ws0\">-</span>free peri<span class=\"_ _2b\"></span>ods, and other cost<span class=\"_ _0\"></span>s not paid</div>\n<div class=\"t m0 x1a h4f y1931 ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">by tena<span class=\"_ _0\"></span>nts. Exp<span class=\"_ _0\"></span>ected n<span class=\"_ _0\"></span>et cash fl<span class=\"_ _2b\"></span>ows are then d<span class=\"_ _0\"></span>iscount<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g risk<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1932 ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed discount<span class=\"_ _0\"></span> rates. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1933 ff285 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Among other fact<span class=\"_ _2\"></span>ors, the discount rate estima<span class=\"_ _2\"></span>tion considers the quali<span class=\"_ _2\"></span>ty</div>\n<div class=\"t m0 x1a h4f y1934 ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of a buil<span class=\"_ _0\"></span>ding an<span class=\"_ _0\"></span>d its loc<span class=\"_ _0\"></span>ation (<span class=\"_ _0\"></span>prime v<span class=\"_ _2b\"></span>s secondary), t<span class=\"_ _2b\"></span>enant credit q<span class=\"_ _0\"></span>uality</div>\n<div class=\"t m0 x1a h4f y1935 ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and lease t<span class=\"_ _0\"></span>erms. For d<span class=\"_ _0\"></span>evelopm<span class=\"_ _0\"></span>ent prope<span class=\"_ _0\"></span>rty (i.e. u<span class=\"_ _0\"></span>nder const<span class=\"_ _0\"></span>ructi<span class=\"_ _0\"></span>on), the</div>\n<div class=\"t m0 x1a h4f y1936 ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue is set<span class=\"_ _0\"></span> to cost <span class=\"_ _2b\"></span>until the prop<span class=\"_ _0\"></span>erty is o<span class=\"_ _0\"></span>perati<span class=\"_ _2b\"></span>onal.</div>\n<div class=\"t m0 x7 h4f y1937 ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1938 ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x25 h52 y60e ff285 fs3c fc10 sc0 ls0 ws0\" style=\"left: 452px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y60e ff285 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 946px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y60e ff285 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 946px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Fair values supported by market evidence<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 916px; z-index: 15;\">579<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">483<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Fair value subject to an independent valuation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 901px; z-index: 15;\">3,627<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 901px; z-index: 15;\">3,823<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff287 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue of inv<span class=\"_ _2b\"></span>estment prope<span class=\"_ _0\"></span>rty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 886px; z-index: 15;\">4,206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 886px; z-index: 15;\">4,306<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Total carrying amount (<span class=\"_ _0\"></span>including lease liability)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 871px; z-index: 15;\">2,969<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 871px; z-index: 15;\">3,057<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff287 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Gross u<span class=\"_ _2b\"></span>nrealised gai<span class=\"_ _2b\"></span>ns (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 856px; z-index: 15;\">1,237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 856px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Unrealised gains (losses) to policyholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5ff ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x145 h52 y5ff ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 842px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 827px; z-index: 15;\">(343)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 827px; z-index: 15;\">(342)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff287 fs3c fc10 sc0 lsee ws101\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Net unrealised gains (lo<span class=\"_ _2\"></span>sses) (not recognised in equity)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 812px; z-index: 15;\">894<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 812px; z-index: 15;\">867<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y193a ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y193b ff285 fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">Property<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">rented out under oper<span class=\"_ _2\"></span>ating lease<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y193c ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rent<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">out</span> <span class=\"lse2 ws103\">certain assets<span class=\"_ _2\"></span> </span>\u2013 </span><span class=\"wsfa\">mainly <span class=\"_ _0\"></span>property <span class=\"_ _0\"></span>held for<span class=\"_ _2b\"></span> investment pu<span class=\"_ _0\"></span>rposes <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsf0\">to exter<span class=\"_ _2b\"></span>nal parties based on op<span class=\"_ _2b\"></span>erating lease ag<span class=\"_ _0\"></span>reements<span class=\"_ _0\"></span>. As at </span></span></div>\n<div class=\"t m0 x7 h4f y193d ff285 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Decemb<span class=\"_ _0\"></span>er the mi<span class=\"_ _0\"></span>nimum p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s to be rec<span class=\"_ _2b\"></span>eived from i<span class=\"_ _0\"></span>rrevoca<span class=\"_ _0\"></span>ble leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>ments am<span class=\"_ _2b\"></span>ounted to:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y193e ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff285 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 702px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y605 ff285 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 702px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y605 ff285 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 702px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff288 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff288 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 671px; z-index: 15;\">Less than 3 <span class=\"lsec wsfe\">mont<span class=\"_ _2\"></span>hs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y608 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 671px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 671px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 656px; z-index: 15;\">3 months to 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 656px; z-index: 15;\">156<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 656px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 642px; z-index: 15;\">1 year to 2 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 642px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 642px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 627px; z-index: 15;\">2 years to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 627px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 627px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 612px; z-index: 15;\">3 years to 4 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 612px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 612px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 597px; z-index: 15;\">4 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 597px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 597px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 582px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 582px; z-index: 15;\">635<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 582px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff287 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 567px; z-index: 15;\">Total undiscounted lease payments receivable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 567px; z-index: 15;\">1,391<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 567px; z-index: 15;\">1,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1949 ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y194a ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y194b ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> <span class=\"lsfa ws114\">EUR<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">97<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">mi<span class=\"_ _2\"></span>llion</span> <span class=\"ls102 ws11d\">in <span class=\"lse2 wsf1\">2022<span class=\"_ _2\"></span></span></span> </span><span class=\"wsfa\">of the t<span class=\"_ _2b\"></span>otal minimum p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s to be re<span class=\"_ _2b\"></span>ceived from i<span class=\"_ _0\"></span>rrevocab<span class=\"_ _0\"></span>le leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>ments rel<span class=\"_ _2b\"></span>ates to propert<span class=\"_ _0\"></span>y, pla<span class=\"_ _0\"></span>nt and </span></span></div>\n<div class=\"t m0 x7 h4f y194c ff285 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">equipment (<span class=\"wsf1\">2021<span class=\"_ _2\"></span><span class=\"lsfa ws136\">: EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">66</span> <span class=\"lse0 wsf0\">million). T<span class=\"_ _2b\"></span>he remainder relat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>to inv<span class=\"_ _2b\"></span>estment prope<span class=\"_ _0\"></span>rty<span class=\"ls0 ws0\">. </span></span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 494px; height: 612px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 494px; height: 612px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 494px; height: 612px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 494px; height: 612px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls68 ws73\" style=\"z-index: 15;\">Lo<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y608 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Government and official in<span class=\"_ _0\"></span>stitutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">5,020<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">5,120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Commercial loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 771px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 771px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Residential mortgages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Policyholder loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">527<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Interest bearing deposits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">567<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">390<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Loans to banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">325<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 697px; z-index: 15;\">15,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 697px; z-index: 15;\">14,521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Less impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 682px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 682px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Total L<span class=\"_ _2b\"></span>oans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 667px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 667px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y194f ff28e fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">12.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1950 ff28e fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Commercial<span class=\"_ _0\"></span> loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff28a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 573px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 573px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 542px; z-index: 15;\">Real Estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 542px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 542px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff28a fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Infr<span class=\"_ _2\"></span>astruct<span class=\"_ _2\"></span>ure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 527px; z-index: 15;\">1,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 527px; z-index: 15;\">1,624<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 513px; z-index: 15;\">5,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 513px; z-index: 15;\">4,705<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 498px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 483px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 483px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 483px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Total commercial <span class=\"lse7 ws109\">loa<span class=\"_ _2b\"></span>ns<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 468px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 468px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1959 ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195a ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195b ff28a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas has grante<span class=\"_ _2\"></span>d credit lines for a total<span class=\"_ _2\"></span> <span class=\"wsfa\">amount of EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">523<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws115\">million (<span class=\"lse0 wsef\">31</span></span> </span>December<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span>2021</span></span>: EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">1,024</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span>  </span></div>\n<div class=\"t m0 x7 h6a y195c ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">12<span class=\"ls10b ws12e\">.2<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y195d ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Lease Maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 327px; z-index: 15;\">Finance lease receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 327px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 327px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 296px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 296px; z-index: 15;\">7</div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 296px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 281px; z-index: 15;\">1 year to 3 <span class=\"wsf4\">years<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 281px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 281px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 266px; z-index: 15;\">3 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 266px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 266px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 252px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 252px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 252px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 237px; z-index: 15;\">Total Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 237px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 237px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 226px; height: 735px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 226px; height: 735px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 226px; height: 735px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 226px; height: 735px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 226px; height: 735px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 226px; height: 735px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 226px; height: 735px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>3</div>\n<div class=\"t m0 x7 h6a y79d ff293 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Collateral on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for loans<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79f ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">Total credit exposure loans<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1018px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1018px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 987px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 987px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 958px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Financial instruments</span> </div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 958px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 958px; z-index: 15;\">386<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 943px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 943px; z-index: 15;\">1,968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">1,999<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">Other collateral and guarantees</span> </div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 928px; z-index: 15;\">116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 928px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 913px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unsecured exposure</span> </div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">13,068<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">12,003<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Collateral amounts in exce<span class=\"_ _0\"></span>ss of credit exposure (1)<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 898px; z-index: 15;\">835<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 898px; z-index: 15;\">919<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y196c ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 870px; height: 236px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 870px; height: 236px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y196d ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>4</div>\n<div class=\"t m0 x7 h6a y196e ff293 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Impairment<span class=\"_ _0\"></span>s on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y60e ff291 fs3c fc10 sc0 lsef ws10a\" style=\"left: 506px; bottom: 787px; z-index: 15;\">Spec<span class=\"_ _2\"></span>ific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff291 fs3c fc10 sc0 lsef ws102\" style=\"left: 498px; bottom: 772px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 787px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff291 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 604px; bottom: 772px; z-index: 15;\">IBNR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y60e ff291 fs3c fc10 sc0 lsef ws10a\" style=\"left: 679px; bottom: 787px; z-index: 15;\">Spec<span class=\"_ _2\"></span>ific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff291 fs3c fc10 sc0 lsef ws102\" style=\"left: 671px; bottom: 772px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 787px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff291 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 776px; bottom: 772px; z-index: 15;\">IBNR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff295 fs3c fc10 sc0 lsec ws100\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Balan<span class=\"_ _2\"></span>ce as at 1 <span class=\"lse4 wsf4\">January<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x74 h54 y5fc ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 742px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 620px; bottom: 742px; z-index: 15;\">4</div>\n<div class=\"t m0 x74 h54 y5fc ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 742px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 792px; bottom: 742px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5f7 ff291 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 727px; z-index: 15;\">4</div>\n<div class=\"t m0 xbf h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 727px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 526px; bottom: 712px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 712px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff291 fs3c fc14 sc0 lsee ws166\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">offs of uncollectible loans</span> </span></div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y63a ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 697px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 683px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5ff ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 620px; bottom: 683px; z-index: 15;\">1</div>\n<div class=\"t m0 x74 h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 683px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5ff ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 792px; bottom: 683px; z-index: 15;\">4</div>\n<div class=\"t m0 x7 h4f y1977 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1978 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1979 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for impa<span class=\"_ _0\"></span>ired loa<span class=\"_ _0\"></span>ns.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y197a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Total impaired credit exposu<span class=\"_ _0\"></span>re on loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 604px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 604px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 574px; z-index: 15;\">Impaired outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 574px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 574px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 544px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 544px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 544px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Collateral and guarantees in <span class=\"_ _2b\"></span>ex<span class=\"_ _2\"></span>cess o<span class=\"_ _0\"></span>f impaired credit exposure (1<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 529px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 529px; z-index: 15;\">8</div>\n<div class=\"t m0 x7 h5c y1981 ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 501px; height: 144px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1982 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1983 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1984 ff291 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span>s in uncons<span class=\"_ _2b\"></span>olidated struct<span class=\"_ _0\"></span>ured ent<span class=\"_ _0\"></span>ities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1985 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance, togethe<span class=\"_ _0\"></span>r with Ag<span class=\"_ _2b\"></span>eas France, Age<span class=\"_ _0\"></span>as Port<span class=\"_ _2b\"></span>ugal and Ageas</div>\n<div class=\"t m0 x7 h4f y1986 ff291 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hold not<span class=\"_ _2b\"></span>es which repres<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\">s </span><span class=\"wsef\">interest<span class=\"ls0 ws0\">s </span><span class=\"wsfa\">(thro<span class=\"_ _0\"></span>ugh the r<span class=\"_ _0\"></span>eceipt </span></span></span></div>\n<div class=\"t m0 x7 h4f y1987 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of princi<span class=\"_ _0\"></span>pal and int<span class=\"_ _0\"></span>erest) in st<span class=\"_ _0\"></span>ructure<span class=\"_ _2b\"></span>d entit<span class=\"lse2 wsf1\">ies<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">that <span class=\"_ _2\"></span></span></span><span class=\"ws103\">Ageas group<span class=\"ls0 ws0\"> </span></span>do</span><span class=\"wsef\">es<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">not<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1988 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidate.<span class=\"_ _2\"></span> The structured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf1\">inves<span class=\"wsfa\">t in mortgag<span class=\"_ _2\"></span>e receivables and<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1989 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are financed<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">through the is<span class=\"_ _2\"></span>su<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">of notes. </span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y198a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y198b ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Next to t<span class=\"_ _0\"></span>he notes<span class=\"_ _0\"></span>, AG Ins<span class=\"_ _2b\"></span>urance, Ageas F<span class=\"_ _2b\"></span>rance<span class=\"lse2\">, Ageas Rei<span class=\"_ _2\"></span>nsurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y198c ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l do not hold any<span class=\"_ _0\"></span> other inte<span class=\"_ _2b\"></span>rest in th<span class=\"ls0 ws0\">ese<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">structured </span></span></div>\n<div class=\"t m0 x1a h4f y198d ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">entit<span class=\"lse2 wsf1\">ies</span><span class=\"wsfa\">. T<span class=\"_ _0\"></span>he maximu<span class=\"_ _0\"></span>m loss e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">AG Insura</span><span class=\"wsf0\">nce, Ageas Fra<span class=\"_ _2b\"></span>nce, </span></span></div>\n<div class=\"t m0 x1a h4f y198e ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas Rei<span class=\"_ _2b\"></span>nsurance and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">have is li<span class=\"_ _0\"></span>mited t<span class=\"_ _0\"></span>o the ca<span class=\"_ _0\"></span>rrying </span></div>\n<div class=\"t m0 x1a h4f y198f ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amount <span class=\"wsf0\">of th<span class=\"_ _0\"></span>e notes hel<span class=\"_ _0\"></span>d (EUR 2,729<span class=\"_ _2b\"></span> million at 31 Dece<span class=\"_ _0\"></span>mber 2022 an<span class=\"_ _2b\"></span>d </span></div>\n<div class=\"t m0 x1a h4f y1990 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 2,35<span class=\"_ _0\"></span>5 million at 31 D<span class=\"_ _0\"></span>ecembe<span class=\"_ _0\"></span>r 2021).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 360px; height: 115px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 360px; height: 746px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 360px; height: 746px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 360px; height: 746px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 360px; height: 746px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 360px; height: 746px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 360px; height: 746px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsf2 ws108\" style=\"z-index: 15;\">Eq<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>ccou<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tments</div>\n<div class=\"t m0 x7 h63 y17d6 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">The following table provides an</div>\n<div class=\"t m0 x7 h63 y17d7 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">overview of the most significant</div>\n<div class=\"t m0 x7 h63 y17d8 ff299 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">associates and joint vent<span class=\"_ _0\"></span>ures<span class=\"ws113\">. The </span></div>\n<div class=\"t m0 x7 h63 y17d9 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">percentage of interest may <span class=\"lsf6 ws0\">vary in </span></div>\n<div class=\"t m0 x7 h63 y17da ff299 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">case there are several asso<span class=\"_ _0\"></span>ciates</div>\n<div class=\"t m0 x7 h63 y1994 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and joint ventures in one country</div>\n<div class=\"t m0 x7 h63 y1995 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">with different shareholdings\u2019</div>\n<div class=\"t m0 x7 h63 y1996 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">percentages held by the<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"ws112\">group.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y724 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 617px; bottom: 802px; z-index: 15;\">%</div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 787px; z-index: 15;\">interest<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h52 y1550 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 802px; z-index: 15;\">Carrying<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 679px; bottom: 787px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y1550 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 760px; bottom: 802px; z-index: 15;\">Carrying<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 787px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Associates and joint ventures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 633px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 718px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 756px; z-index: 15;\">China<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 756px; z-index: 15;\">12.00% <span class=\"ls0 ws0\">- <span class=\"_ _2\"></span></span>24.90%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 756px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 756px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 741px; z-index: 15;\">Thailand<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 741px; z-index: 15;\">7.83% <span class=\"ls0 ws0\">- <span class=\"_ _2\"></span><span class=\"lsec wsfe\">30.87%</span> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 741px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 741px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 727px; z-index: 15;\">Malaysia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 727px; z-index: 15;\">30.95%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 727px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 727px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Taiping Reinsurance Compan<span class=\"_ _0\"></span>y Limited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 712px; z-index: 15;\">China<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 712px; z-index: 15;\">24.99%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 712px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 712px; z-index: 15;\">328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 ls109 ws12c\" style=\"left: 324px; bottom: 697px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 697px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 697px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 697px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 697px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 324px; bottom: 682px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 682px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 682px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 682px; z-index: 15;\">7</div>\n<div class=\"t m0 x2f h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 682px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 667px; z-index: 15;\">Heylen group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 667px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 667px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 667px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 667px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff297 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 652px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 652px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 652px; z-index: 15;\">37.50%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 652px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y180c ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 637px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 494px; bottom: 637px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 637px; z-index: 15;\">40.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 637px; z-index: 15;\">152<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 637px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 623px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 494px; bottom: 623px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 623px; z-index: 15;\">36.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 623px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 623px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse6 wsf7\" style=\"left: 324px; bottom: 608px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 608px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 608px; z-index: 15;\">33.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 608px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 608px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 593px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 593px; z-index: 15;\">Philippines<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 593px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 593px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 593px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 578px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 578px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 578px; z-index: 15;\">56.50%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 578px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 578px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 563px; z-index: 15;\">Ageas Federal Life Insurance Company<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 563px; z-index: 15;\">India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 563px; z-index: 15;\">49.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 563px; z-index: 15;\">90<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 548px; z-index: 15;\">Royal Sundaram<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 494px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 534px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">General Insurance Company Limited</span> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 534px; z-index: 15;\">India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 534px; z-index: 15;\">40.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 534px; z-index: 15;\">157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 534px; z-index: 15;\">207<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 324px; bottom: 519px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 519px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 519px; z-index: 15;\">25.60%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 519px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 519px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 324px; bottom: 504px; z-index: 15;\">MB Ageas Lif<span class=\"_ _2\"></span>e JSC<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 504px; z-index: 15;\">Vietnam<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 504px; z-index: 15;\">32.09%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 504px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 504px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 489px; z-index: 15;\">Royal Park Investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 489px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 489px; z-index: 15;\">44.71%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 489px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 474px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 494px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 548px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 474px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 474px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 lsec wsfe\" style=\"left: 324px; bottom: 459px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5ff ff29a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 459px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5ff ff29a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 459px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y19a5 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19a6 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19a7 ff297 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">In <span class=\"lse2 wsfa\">2022, A<span class=\"_ _2\"></span>geas increase<span class=\"ls0 ws0\">d <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">its int<span class=\"_ _2b\"></span>erest in the joint ve<span class=\"_ _0\"></span>nture Age<span class=\"_ _0\"></span>as Fede<span class=\"_ _0\"></span>ral Life Ins<span class=\"_ _0\"></span>urance Co<span class=\"_ _0\"></span>mpany Ltd </span></span></span></div>\n<div class=\"t m0 x26 h4f y19a8 ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(AFLIC<span class=\"_ _0\"></span>) from 49% to 74%<span class=\"lsf4 ws114\">. T<span class=\"lse2 ws103\">his transaction is considered as a<span class=\"_ _2\"></span> step acquisition, hence the<span class=\"_ _2\"></span> previously </span></span></div>\n<div class=\"t m0 x26 h4f y19a9 ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">held inter<span class=\"_ _2b\"></span>est of 49% is treate<span class=\"_ _0\"></span>d as if it had been di<span class=\"_ _0\"></span>spose<span class=\"_ _0\"></span>d of (see note 3 Ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ions and dis<span class=\"_ _2b\"></span>posals</div>\n<div class=\"t m0 x26 h4f y19aa ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for more det<span class=\"_ _0\"></span>ails).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y19ab ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19ac ff297 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas r<span class=\"_ _0\"></span>ecorded<span class=\"_ _0\"></span> an imp<span class=\"_ _0\"></span>airment l<span class=\"_ _0\"></span>oss of EU<span class=\"_ _2b\"></span>R 29 million in <span class=\"_ _2b\"></span>2022 in relatio<span class=\"_ _2b\"></span>n to its interes<span class=\"_ _0\"></span>t in Roya<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x26 h4f y19ad ff297 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Sundaram Gener<span class=\"_ _2\"></span>al Insurance <span class=\"wsf1\">Compan<span class=\"_ _2\"></span>y <span class=\"lsfc ws115\">Limite<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 307px; height: 654px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 307px; height: 654px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 307px; height: 654px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 307px; height: 654px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 307px; height: 654px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff29d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The detai<span class=\"_ _0\"></span>ls of the equit<span class=\"_ _0\"></span>y account<span class=\"_ _0\"></span>ed invest<span class=\"_ _2b\"></span>ments<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are as follo<span class=\"_ _2\"></span>ws.</span> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff29d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 260px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse5 wsf5\" style=\"left: 254px; bottom: 1050px; z-index: 15;\">assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 251px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 318px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 300px; bottom: 1050px; z-index: 15;\"> <span class=\"lse4 wsf4\">liabilities</span> </div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 309px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 1050px; z-index: 15;\">Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 366px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 410px; bottom: 1065px; z-index: 15;\">Share in equity of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 427px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 1020px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 518px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 1050px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 512px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 576px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 1050px; z-index: 15;\">expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 570px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 563px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 1065px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 1050px; z-index: 15;\">result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 627px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19c h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 671px; bottom: 1065px; z-index: 15;\">Share in result of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 680px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 686px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 680px; bottom: 1020px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x11e h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 1035px; z-index: 15;\">Dividend<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 1020px; z-index: 15;\">received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff29f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 990px; z-index: 15;\">131,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 990px; z-index: 15;\">121,692<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 990px; z-index: 15;\">10,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 990px; z-index: 15;\">2,504<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 990px; z-index: 15;\">25,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 990px; z-index: 15;\">(24,454)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 990px; z-index: 15;\">773<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 990px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 990px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 975px; z-index: 15;\">17,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 975px; z-index: 15;\">15,278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 975px; z-index: 15;\">2,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 975px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 975px; z-index: 15;\">2,639<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 975px; z-index: 15;\">(2,438)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 975px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 975px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 975px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 960px; z-index: 15;\">10,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 960px; z-index: 15;\">8,652<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 960px; z-index: 15;\">1,441<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 960px; z-index: 15;\">446<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 960px; z-index: 15;\">1,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 960px; z-index: 15;\">(1,841)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 960px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 960px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 960px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Taiping Reinsurance Co. Lim<span class=\"_ _0\"></span>ited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 945px; z-index: 15;\">6,976<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 945px; z-index: 15;\">6,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 945px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 945px; z-index: 15;\">140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 945px; z-index: 15;\">1,947<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 945px; z-index: 15;\">(1,883)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 945px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 945px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 931px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 931px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 931px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 931px; z-index: 15;\">99<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 931px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 931px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 931px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 931px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 931px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 916px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 916px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 916px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 916px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 916px; z-index: 15;\">7</div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 916px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 916px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 916px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 916px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Heylen<span class=\"ls0 ws0\"> </span>group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 901px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 901px; z-index: 15;\">455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 901px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 901px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 901px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 901px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 901px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 901px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 886px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 886px; z-index: 15;\">1,563<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 886px; z-index: 15;\">1,345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 886px; z-index: 15;\">218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 886px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 886px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 886px; z-index: 15;\">(123)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 886px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 886px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 871px; z-index: 15;\">821<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 871px; z-index: 15;\">538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 871px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 871px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 871px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 871px; z-index: 15;\">(141)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 871px; z-index: 15;\">7</div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 856px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 856px; z-index: 15;\">887<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 856px; z-index: 15;\">713<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 856px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 856px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 856px; z-index: 15;\">78<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 856px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 856px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 856px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 842px; z-index: 15;\">305<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 842px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 842px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 842px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 842px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 842px; z-index: 15;\">(94)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 842px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 842px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 827px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 827px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 827px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 827px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 827px; z-index: 15;\">5</div>\n<div class=\"t m0 x31c h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 827px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 827px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 827px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 812px; z-index: 15;\">680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 812px; z-index: 15;\">572<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 812px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 812px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 812px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 812px; z-index: 15;\">(328)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 812px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 812px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Ageas Federal Life Insurance Co.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 797px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 797px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Royal Sundaram General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Insurance Company Limited</span> </div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 767px; z-index: 15;\">981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 767px; z-index: 15;\">827<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 767px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 767px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 767px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 767px; z-index: 15;\">(338)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 767px; z-index: 15;\">8</div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 767px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 767px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 752px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 752px; z-index: 15;\">532<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 752px; z-index: 15;\">320<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 752px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 752px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 752px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 752px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 752px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 752px; z-index: 15;\">3</div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 738px; z-index: 15;\">MB <span class=\"lse4 wsf3\">Ageas Life JSC<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 738px; z-index: 15;\">380<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 738px; z-index: 15;\">310<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 738px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 738px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 738px; z-index: 15;\">272<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 738px; z-index: 15;\">(269)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 738px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 738px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 723px; z-index: 15;\">Royal Park Investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 275px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Related Goodwill<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">and impairment<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 708px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 693px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 693px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 693px; z-index: 15;\">9</div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 693px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2a0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 678px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 678px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 678px; z-index: 15;\">184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 740px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 740px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 588px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 260px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5fc ff29d fs3c fc10 sc0 lse5 wsf5\" style=\"left: 254px; bottom: 618px; z-index: 15;\">assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 251px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 318px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 300px; bottom: 618px; z-index: 15;\"> <span class=\"lse4 wsf4\">liabilities</span> </div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 309px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 618px; z-index: 15;\">Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 366px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x143 h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 410px; bottom: 633px; z-index: 15;\">Share in equity of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 618px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 427px; bottom: 603px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 588px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 518px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 618px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 512px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 576px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 618px; z-index: 15;\">expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 570px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 563px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 633px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 618px; z-index: 15;\">result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 627px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19c h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 671px; bottom: 633px; z-index: 15;\">Share in <span class=\"lsef ws102\">result of<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x198 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 680px; bottom: 618px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 686px; bottom: 603px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 680px; bottom: 588px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 603px; z-index: 15;\">Dividend<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 588px; z-index: 15;\">received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff29f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 558px; z-index: 15;\">118,344<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 558px; z-index: 15;\">108,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 558px; z-index: 15;\">10,289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 558px; z-index: 15;\">2,525<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 558px; z-index: 15;\">24,424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 558px; z-index: 15;\">(23,277)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 558px; z-index: 15;\">1,147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 558px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 558px; z-index: 15;\">160<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 543px; z-index: 15;\">17,973<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 543px; z-index: 15;\">14,444<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 543px; z-index: 15;\">3,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 543px; z-index: 15;\">1,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 543px; z-index: 15;\">2,666<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 543px; z-index: 15;\">(2,398)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 543px; z-index: 15;\">268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 543px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 543px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 528px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 528px; z-index: 15;\">9,873<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 528px; z-index: 15;\">8,292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 528px; z-index: 15;\">1,581<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 528px; z-index: 15;\">489<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 528px; z-index: 15;\">1,829<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 528px; z-index: 15;\">(1,659)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 528px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 528px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 528px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Taiping Reinsurance Co. Lim<span class=\"_ _0\"></span>ited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 513px; z-index: 15;\">7,183<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 513px; z-index: 15;\">6,068<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 513px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 513px; z-index: 15;\">279<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 513px; z-index: 15;\">1,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 513px; z-index: 15;\">(1,900)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 513px; z-index: 15;\">8</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 513px; z-index: 15;\">2</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 498px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 498px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 498px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 498px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 498px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 498px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 498px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 498px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 498px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 484px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 484px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 484px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 484px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 484px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 484px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 484px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 484px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 484px; z-index: 15;\">8</div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Heylen group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 469px; z-index: 15;\">608<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 469px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 469px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 469px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 469px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 469px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 469px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 469px; z-index: 15;\">6</div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 454px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 454px; z-index: 15;\">1,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 454px; z-index: 15;\">1,735<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 378px; bottom: 454px; z-index: 15;\">(85)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 454px; z-index: 15;\">177<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 454px; z-index: 15;\">(164)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 454px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 454px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 439px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 439px; z-index: 15;\">614<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 439px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 439px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 439px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 439px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 439px; z-index: 15;\">(158)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 439px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 439px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 439px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 424px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 424px; z-index: 15;\">860<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 424px; z-index: 15;\">670<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 424px; z-index: 15;\">190<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 424px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 424px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 424px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 424px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 424px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 424px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 409px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 409px; z-index: 15;\">251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 409px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 409px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 409px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 409px; z-index: 15;\">75<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 409px; z-index: 15;\">(84)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 409px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 409px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 409px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 394px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 394px; z-index: 15;\">249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 394px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 394px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 394px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 394px; z-index: 15;\">3</div>\n<div class=\"t m0 x31c h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 394px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 394px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 394px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 394px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 380px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 380px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 380px; z-index: 15;\">368<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 380px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 380px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 380px; z-index: 15;\">318<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 380px; z-index: 15;\">(288)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 380px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 380px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 380px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 365px; z-index: 15;\">Ageas Federal Life Insurance Co.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 365px; z-index: 15;\">1,740<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 365px; z-index: 15;\">1,583<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 365px; z-index: 15;\">157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 365px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 365px; z-index: 15;\">400<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 365px; z-index: 15;\">(391)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 365px; z-index: 15;\">9</div>\n<div class=\"t m0 x44 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 365px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f1 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 365px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y647 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 350px; z-index: 15;\">Royal Sundaram General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 335px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Insurance Company Limited</span> </div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 335px; z-index: 15;\">968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 335px; z-index: 15;\">777<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 335px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 335px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 335px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 335px; z-index: 15;\">(300)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 335px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 335px; z-index: 15;\">9</div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 335px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 320px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 320px; z-index: 15;\">542<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 320px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 320px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 320px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 320px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 320px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 320px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 320px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 320px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 305px; z-index: 15;\">MB Ageas Lif<span class=\"_ _2\"></span>e JSC<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 305px; z-index: 15;\">278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 305px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 305px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 305px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 305px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 305px; z-index: 15;\">(215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 305px; z-index: 15;\">9</div>\n<div class=\"t m0 x44 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 305px; z-index: 15;\">3</div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 305px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 290px; z-index: 15;\">Royal Park <span class=\"lse8 ws10b\">Investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 275px; bottom: 290px; z-index: 15;\">7</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 290px; z-index: 15;\">7</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 276px; z-index: 15;\">Related Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 276px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 261px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 261px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 261px; z-index: 15;\">5</div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 261px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2a0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 246px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 246px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 246px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 246px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 235px; height: 871px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 235px; height: 871px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 235px; height: 871px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 235px; height: 871px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 235px; height: 871px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Equity <span class=\"lse0 wsf0\">associates an<span class=\"_ _0\"></span>d joint vent<span class=\"_ _0\"></span>ures<span class=\"ls0 ws0\"> </span>are su<span class=\"_ _0\"></span>bject to div<span class=\"_ _0\"></span>idend res<span class=\"_ _0\"></span>tricti<span class=\"_ _2b\"></span>ons </span></div>\n<div class=\"t m0 x7 h4f y803 ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">arising <span class=\"_ _2\"></span>from minimum capital a<span class=\"_ _2\"></span>nd solvency require<span class=\"_ _2\"></span>ments imposed by<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ors in t<span class=\"_ _0\"></span>he count<span class=\"_ _2b\"></span>ries in which <span class=\"lse2 wsf1\">they<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">operate. Dividen<span class=\"_ _2\"></span>d payments are </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">sometim<span class=\"_ _0\"></span>es subj<span class=\"_ _0\"></span>ect to s<span class=\"_ _2b\"></span>hareholder agr<span class=\"_ _2b\"></span>eements with t<span class=\"_ _0\"></span>he part<span class=\"_ _0\"></span>ners in t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y806 ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">company. I<span class=\"lse0 wsf0\">n certain situat<span class=\"_ _2b\"></span>ions, consens<span class=\"_ _0\"></span>us is require<span class=\"_ _2b\"></span>d before dividen<span class=\"_ _0\"></span>d is </span></div>\n<div class=\"t m0 x7 h4f y807 ff2a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y808 ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on, shareh<span class=\"_ _2b\"></span>older agreement<span class=\"_ _0\"></span>s (relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to pa<span class=\"_ _0\"></span>rties havi<span class=\"_ _0\"></span>ng an</div>\n<div class=\"t m0 x7 h4f y80a ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t in <span class=\"wsf0\">a comp<span class=\"_ _2b\"></span>any in which Ageas has<span class=\"_ _0\"></span> a non<span class=\"ls0 ws0\">-</span>controll<span class=\"_ _2b\"></span>ing interest<span class=\"wsef\">) </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">may include:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80c ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc3c ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse0 wsf0\">specific articl<span class=\"_ _2b\"></span>es on voting rights or di<span class=\"_ _0\"></span>vidend dist<span class=\"_ _2b\"></span>ribution;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd61 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lsfb wsfa\">l<span class=\"_ _2\"></span>ock</span><span class=\"ff2a2\">-<span class=\"lse2 ws103\">up peri<span class=\"_ _2\"></span>ods during which all parties<span class=\"_ _2\"></span> having shares are not </span></span></span></div>\n<div class=\"t m0 x25a h4f yd62 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowed t<span class=\"_ _0\"></span>o sell shar<span class=\"_ _2b\"></span>es before a certain<span class=\"_ _0\"></span> period or with<span class=\"_ _2b\"></span>out prior</div>\n<div class=\"t m0 x25a h4f yd63 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">approv<span class=\"_ _0\"></span>al of the other p<span class=\"_ _2b\"></span>arties involve<span class=\"_ _0\"></span>d;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd64 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse0 wsfa\">options to sel<span class=\"_ _0\"></span>l or resel<span class=\"_ _2b\"></span>l shares to th<span class=\"_ _0\"></span>e other p<span class=\"_ _0\"></span>arty/pa<span class=\"_ _0\"></span>rties i<span class=\"_ _0\"></span>nvolved i<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x25a h4f yd65 ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the shareholder<span class=\"_ _2\"></span> agreement, including the und<span class=\"_ _2\"></span>erlying calculation</div>\n<div class=\"t m0 x25a h4f yd66 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy to value t<span class=\"_ _0\"></span>he shar<span class=\"_ _0\"></span>es;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd67 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse2 wsf1\">e<span class=\"_ _2\"></span>arn</span><span class=\"ff2a2\">-<span class=\"lse2 ws103\">out mechanisms<span class=\"_ _2\"></span> which allow the party original<span class=\"_ _2\"></span>ly selling the </span></span></span></div>\n<div class=\"t m0 x25a h4f yd68 ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares addi<span class=\"_ _2\"></span>tional revenues when<span class=\"_ _2\"></span> certain objectiv<span class=\"_ _2\"></span>es are realised;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y19ca ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse1 ws104\">e<span class=\"_ _2\"></span>xclusivity c<span class=\"_ _0\"></span>lause<span class=\"lse2 wsfa\">s or non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">com<span class=\"_ _2b\"></span>pete clauses r<span class=\"_ _0\"></span>elated t<span class=\"_ _2b\"></span>o the sales of </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y19cb ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance pr<span class=\"_ _2\"></span>oducts.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y19cc ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc48 ff2a2 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Royal Park<span class=\"_ _0\"></span> Investm<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc49 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">After the dis<span class=\"_ _2b\"></span>posal of the assets a<span class=\"_ _0\"></span>nd settle<span class=\"_ _0\"></span>ment of the li<span class=\"_ _0\"></span>abiliti<span class=\"_ _2b\"></span>es, the remaining act<span class=\"_ _2b\"></span>ivity of RPI is esse<span class=\"_ _0\"></span>ntially li<span class=\"_ _0\"></span>mited to the m<span class=\"_ _2b\"></span>ana<span class=\"wsfa\">gement of l<span class=\"_ _2b\"></span>itigation init<span class=\"_ _0\"></span>iated </span></div>\n<div class=\"t m0 x7 h4f yc4a ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">against a<span class=\"_ _2\"></span> number of US <span class=\"ws103\">finan<span class=\"_ _2\"></span>cial institutions<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 850px; height: 256px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 850px; height: 256px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 850px; height: 256px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 850px; height: 256px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 850px; height: 256px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">R<span class=\"_ _2b\"></span>einsurance and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">other<span class=\"_ _2\"></span> receiv<span class=\"_ _2b\"></span>a<span class=\"_ _2\"></span>bles</div>\n\n<div class=\"t m0 x66 h52 y1550 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Reinsurers' share of lia<span class=\"_ _0\"></span>bilities arising<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 771px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">from insurance and investment contracts</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">822<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Receivables from policyholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">375<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">409<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Fees and commissions recei<span class=\"_ _0\"></span>vable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Receivables from <span class=\"lsec wsfe\">interm<span class=\"_ _2\"></span>ediarie<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Reinsurance receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 697px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2a9 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 682px; z-index: 15;\">2,042<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 682px; z-index: 15;\">2,201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 667px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 667px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y180c ff2a9 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 652px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 652px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17eb ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ec ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ed ff2a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Ot<span class=\"_ _2b\"></span>her\u2019 includes VAT a<span class=\"_ _2b\"></span>nd other indirect ta<span class=\"_ _0\"></span>xes<span class=\"lse2 ws103\">, as well as <span class=\"wsfa\">the advance<span class=\"_ _2\"></span> payment of EUR<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">0.3</span> <span class=\"ls102 ws11d\">mil<span class=\"_ _2\"></span>lion</span> (</span><span class=\"wsf1\">2021<span class=\"lsfa ws11e\">: E<span class=\"_ _2\"></span>UR<span class=\"ls0 ws0\"> </span></span>109<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">millio<span class=\"_ _2\"></span>n)</span> </span></span></span></span>to Sticht<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x7 h4f y17ee ff2a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Forsett<span class=\"_ _0\"></span>lement (s<span class=\"_ _2b\"></span>ee note<span class=\"ls0 ws0\"> 25<span class=\"_ _2\"></span> <span class=\"lsfb wsfa\">Provi<span class=\"_ _2\"></span>sions).</span> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 579px; height: 246px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y19d0 ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Changes in impairments of<span class=\"_ _0\"></span> reinsurance and other re<span class=\"_ _0\"></span>ceivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 558px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 558px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2a8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2a8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2a9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y603 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 527px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y603 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 527px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 513px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f2 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 513px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 498px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 498px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2a6 fs3c fc14 sc0 lsee ws166\" style=\"left: 69px; bottom: 483px; z-index: 15;\">Write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">offs of uncollectible amounts</span> </span></div>\n<div class=\"t m0 x2e4 h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 483px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 483px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 468px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 468px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2a9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 453px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y5f9 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 453px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y5f9 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 453px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y19d3 ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y19d4 ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 ydd0 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 ydd0 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 391px; z-index: 15;\">Changes in the reinsur<span class=\"_ _0\"></span>er\u2019s share of liabilities arising <span class=\"_ _2b\"></span>f<span class=\"_ _2\"></span>rom insura<span class=\"_ _0\"></span>nce and investment con<span class=\"_ _0\"></span>tracts <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f9 ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 391px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f9 ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 391px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 361px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 361px; z-index: 15;\">801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 361px; z-index: 15;\">720<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 346px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 346px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f7 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 346px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 331px; z-index: 15;\">Change in liabilities curren<span class=\"_ _0\"></span>t year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 331px; z-index: 15;\">176<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 331px; z-index: 15;\">179<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 316px; z-index: 15;\">Change in liabilities prior <span class=\"_ _0\"></span><span class=\"lsec wsfe\">year<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y601 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 316px; z-index: 15;\">1</div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 316px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 301px; z-index: 15;\">Claims paid current ye<span class=\"_ _0\"></span>ar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 301px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 301px; z-index: 15;\">(42)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 287px; z-index: 15;\">Claims paid prior years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 287px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 287px; z-index: 15;\">(39)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 272px; z-index: 15;\">Other net additions thr<span class=\"_ _0\"></span>ough income statement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y603 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 272px; z-index: 15;\">8</div>\n<div class=\"t m0 x145 h52 y603 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 272px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 257px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y608 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 257px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 257px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y1550 ff2a9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 242px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y1550 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 242px; z-index: 15;\">822<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y1550 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 242px; z-index: 15;\">801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 231px; height: 730px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 231px; height: 730px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 231px; height: 730px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 231px; height: 730px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"_ _2b\"></span>ccrued in<span class=\"_ _2b\"></span>terest</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and other asse<span class=\"_ _2b\"></span>ts</div>\n<div class=\"t m0 x66 h52 y5f4 ff2ac fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff2ac fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2ae fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2ae fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2ac fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Defer<span class=\"_ _2\"></span>red acqu<span class=\"_ _2\"></span>isition c<span class=\"_ _2\"></span>ost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Deferred other charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ac fs3c fc14 sc0 lse5 ws15d\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Accrued in<span class=\"_ _0\"></span>come<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,000<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives held for he<span class=\"_ _0\"></span>dging purposes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 726px; z-index: 15;\">Property intended for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 726px; z-index: 15;\">240<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 726px; z-index: 15;\">323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Defined benefit assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 697px; z-index: 15;\">79<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 697px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2af fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 682px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 682px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff2af fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 652px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 652px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y19f0 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y19f1 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y19f2 ff2ac fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Accrued inc<span class=\"_ _2\"></span>ome <span class=\"lse0 wsf0\">consi<span class=\"_ _0\"></span>sts mainl<span class=\"_ _0\"></span>y of accrue<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t income o<span class=\"_ _0\"></span>n </span></div>\n<div class=\"t m0 x7 h4f y19f3 ff2ac fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">government b<span class=\"_ _2\"></span>onds (<span class=\"wsf1\">2022<span class=\"ws103\">: EUR<span class=\"ls0 ws0\"> </span></span>634<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">million; </span></span>2021<span class=\"_ _2\"></span><span class=\"lsfa ws136\">: EUR<span class=\"ls0 ws0\"> </span></span>657<span class=\"ls0 ws0\"> </span></span>mi<span class=\"_ _2\"></span>llion) and</div>\n<div class=\"t m0 x7 h4f y19f4 ff2ac fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">corporat<span class=\"_ _2b\"></span>e bonds (<span class=\"lse2 wsf1\">2022<span class=\"lsfd ws120\">: EUR<span class=\"ls0 ws0\"> </span></span>19<span class=\"_ _2\"></span>8<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million; <span class=\"_ _2\"></span></span></span>2021<span class=\"wsfa\">: EUR<span class=\"ls0 ws0\"> </span></span>212<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion).</span> </span></span></div>\n<div class=\"t m0 x7 h4f y19f5 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y19f6 ff2ac fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Ot<span class=\"_ _2b\"></span>her\u2019 consists ma<span class=\"_ _0\"></span>inly of bui<span class=\"_ _0\"></span>ldings hel<span class=\"_ _0\"></span>d for resale.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y19f7 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y19f8 ff2ac fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Details a<span class=\"_ _0\"></span>bout deriv<span class=\"_ _2b\"></span>atives can be foun<span class=\"_ _0\"></span>d in Note 27 Deri<span class=\"_ _0\"></span>vatives.</div>\n\n<div class=\"t m0 x7 h4f y19f9 ff2ac fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">Deferred <span class=\"lse1 ws104\">acquisition costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y19fa ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ac fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y603 ff2ac fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 495px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff2ac fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 495px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff2ac fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2ae fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2ae fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2af fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 464px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 464px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 464px; z-index: 15;\">408<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 450px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 450px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y638 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 450px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2ac fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 435px; z-index: 15;\">Capi<span class=\"_ _2\"></span>talised d<span class=\"_ _2\"></span>eferred ac<span class=\"_ _2\"></span>quisit<span class=\"_ _2\"></span>ion costs<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 435px; z-index: 15;\">349<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 435px; z-index: 15;\">419<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 420px; z-index: 15;\">Depreciation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 420px; z-index: 15;\">(371)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 420px; z-index: 15;\">(420)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 405px; z-index: 15;\">Other purchases and s<span class=\"_ _0\"></span>ales of activities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 405px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e4 h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 405px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 390px; z-index: 15;\">Other adjustments including exchange<span class=\"_ _2b\"></span> r<span class=\"_ _2\"></span>ate di<span class=\"_ _0\"></span>fferences<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 390px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 390px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2af fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 375px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 375px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 375px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 364px; height: 172px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 364px; height: 597px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 364px; height: 597px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 364px; height: 597px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 364px; height: 597px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Pro<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _3\"></span>, pl<span class=\"_ _2\"></span>ant</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and equipment</div>\n<div class=\"t m0 x7 h63 y17d6 ff2b4 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Property, plant and equipment</div>\n<div class=\"t m0 x7 h63 y17d7 ff2b4 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">include<span class=\"ls0 ws0\"> </span><span class=\"ws10f\">office buildings<span class=\"_ _2\"></span> and public </span></div>\n<div class=\"t m0 x7 h63 y17d8 ff2b4 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">car parks.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff2b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y1550 ff2b2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 578px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y1550 ff2b2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 718px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xf4 h52 y608 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xf4 h52 y608 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Car parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 786px; z-index: 15;\">1,430<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 786px; z-index: 15;\">1,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Land and buildings hel<span class=\"_ _0\"></span>d for own use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x367 h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 771px; z-index: 15;\">608<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x367 h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 771px; z-index: 15;\">209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Leasehold improvements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y60e ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 756px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y60e ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 756px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Equipment, motor vehicles and<span class=\"_ _2b\"></span> IT equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x367 h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 741px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x367 h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 741px; z-index: 15;\">112<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff2b5 fs3c fc10 sc0 lsec wsfe\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h54 y5f7 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 727px; z-index: 15;\">2,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h54 y5f7 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 727px; z-index: 15;\">1,732<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1a19 ff2b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1a1a ff2b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff2b2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 573px; bottom: 679px; z-index: 15;\">Land &amp; building held<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff2b2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 551px; bottom: 665px; z-index: 15;\">for own use and car<span class=\"_ _0\"></span> parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5fc ff2b2 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 688px; bottom: 679px; z-index: 15;\">Equipment, motor vehicles<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f7 ff2b2 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 724px; bottom: 665px; z-index: 15;\">and IT equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 665px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5fc ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 584px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5fc ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y601 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 584px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y601 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2b2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 619px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x261 h52 y5ff ff2b2 fs3c fc10 sc0 lsec wsf3\" style=\"left: 530px; bottom: 619px; z-index: 15;\">Own P<span class=\"_ _2\"></span>roperty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff2b2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 649px; z-index: 15;\">Leased <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff2b2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 634px; z-index: 15;\">Property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5ff ff2b2 fs3c fc10 sc0 lsec ws100\" style=\"left: 604px; bottom: 619px; z-index: 15;\">(rig<span class=\"_ _2\"></span>ht of use)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x261 h52 y5ff ff2b2 fs3c fc10 sc0 lsec wsfe\" style=\"left: 670px; bottom: 619px; z-index: 15;\">Own <span class=\"_ _2\"></span><span class=\"lse4 wsf4\">Property<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff2b2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 649px; z-index: 15;\">Leased <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff2b2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 760px; bottom: 634px; z-index: 15;\">Property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5ff ff2b2 fs3c fc10 sc0 lsec ws100\" style=\"left: 743px; bottom: 619px; z-index: 15;\">(rig<span class=\"_ _2\"></span>ht of use)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y647 ff2b6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 584px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y647 ff2b6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 654px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y647 ff2b6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y647 ff2b6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff2b5 fs3c fc10 sc0 lsef ws102\" style=\"left: 324px; bottom: 589px; z-index: 15;\">Acqui<span class=\"_ _2\"></span>sition cos<span class=\"_ _2\"></span>t as at 1 Janua<span class=\"_ _2\"></span>ry<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5ff ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 589px; z-index: 15;\">1,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5ff ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 589px; z-index: 15;\">641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h54 y5ff ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 710px; bottom: 589px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5ff ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 589px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 574px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y608 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 584px; bottom: 574px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 574px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 713px; bottom: 574px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y608 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 574px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 559px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 570px; bottom: 559px; z-index: 15;\">378<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 559px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 715px; bottom: 559px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y603 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 544px; z-index: 15;\">Additions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 575px; bottom: 544px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 544px; z-index: 15;\">90<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 715px; bottom: 544px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 544px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 529px; z-index: 15;\">Reversal of cost due <span class=\"_ _0\"></span>to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 569px; bottom: 529px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 529px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 709px; bottom: 529px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 529px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 515px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 575px; bottom: 515px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f2 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 515px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 713px; bottom: 515px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 515px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2b5 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 500px; z-index: 15;\">Acquisition cost as a<span class=\"_ _0\"></span>t 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5f4 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 500px; z-index: 15;\">2,334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f4 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 500px; z-index: 15;\">748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h54 y5f4 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 710px; bottom: 500px; z-index: 15;\">370<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 500px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 485px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f9 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 584px; bottom: 485px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f9 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 654px; bottom: 485px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f9 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 485px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f9 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 485px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2b5 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 470px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 470px; z-index: 15;\">(767)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 634px; bottom: 470px; z-index: 15;\">(171)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 704px; bottom: 470px; z-index: 15;\">(245)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y60e ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 470px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 455px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f9 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 584px; bottom: 455px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 650px; bottom: 455px; z-index: 15;\">5</div>\n<div class=\"t m0 x1f0 h52 y5f9 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 720px; bottom: 455px; z-index: 15;\">3</div>\n<div class=\"t m0 x15d h52 y5f9 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 455px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 440px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 440px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f7 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 440px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 713px; bottom: 440px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f7 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 440px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 426px; z-index: 15;\">Depreciation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 569px; bottom: 426px; z-index: 15;\">(44)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 426px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 709px; bottom: 426px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 426px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 411px; z-index: 15;\">Reversal of depreciation due<span class=\"_ _0\"></span> to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 580px; bottom: 411px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f0 h52 y5f7 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 650px; bottom: 411px; z-index: 15;\">7</div>\n<div class=\"t m0 x160 h52 y5f7 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 715px; bottom: 411px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 789px; bottom: 411px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5ff ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 396px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 396px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5ff ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 720px; bottom: 396px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f0 h52 y5ff ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 789px; bottom: 396px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y601 ff2b5 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 381px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y601 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 381px; z-index: 15;\">(814)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y601 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 634px; bottom: 381px; z-index: 15;\">(219)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y601 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 704px; bottom: 381px; z-index: 15;\">(257)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 381px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 366px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5ff ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 584px; bottom: 366px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5ff ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 654px; bottom: 366px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5ff ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 366px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5ff ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 366px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff2b5 fs3c fc10 sc0 lsef ws102\" style=\"left: 324px; bottom: 351px; z-index: 15;\">Accumu<span class=\"_ _2\"></span>lated imp<span class=\"_ _2\"></span>airments a<span class=\"_ _2\"></span>s at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 569px; bottom: 351px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h54 y608 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 654px; bottom: 351px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y608 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 351px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y608 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 351px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 336px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 336px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y603 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 336px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 336px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 336px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff2b5 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 322px; z-index: 15;\">Accumulated impairments as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 569px; bottom: 322px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h54 y608 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 654px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y608 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y608 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 584px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 654px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff2b5 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 292px; z-index: 15;\">Total as at 31 Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5f2 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 292px; z-index: 15;\">1,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f2 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 292px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h54 y5f2 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 710px; bottom: 292px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f2 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 292px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 281px; height: 680px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 281px; height: 680px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 x2b3 h52 y647 ff2b9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 544px; bottom: 1081px; z-index: 15;\">Land &amp; <span class=\"wsf3\">building held<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x15d h52 y603 ff2b9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 523px; bottom: 1066px; z-index: 15;\">for own use and car<span class=\"_ _0\"></span> parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff2b9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 691px; bottom: 1081px; z-index: 15;\">Equipment, motor vehicles<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y603 ff2b9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 727px; bottom: 1066px; z-index: 15;\">and IT equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2b9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff2b9 fs3c fc10 sc0 lsec wsf3\" style=\"left: 486px; bottom: 1035px; z-index: 15;\">Own P<span class=\"_ _2\"></span>roperty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y605 ff2b9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 559px; bottom: 1050px; z-index: 15;\">Leased Property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff2b9 fs3c fc10 sc0 lsec ws100\" style=\"left: 574px; bottom: 1035px; z-index: 15;\">(rig<span class=\"_ _2\"></span>ht of use)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff2b9 fs3c fc10 sc0 lsec wsf3\" style=\"left: 657px; bottom: 1035px; z-index: 15;\">Own P<span class=\"_ _2\"></span>roperty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y605 ff2b9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 731px; bottom: 1050px; z-index: 15;\">Leased Property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff2b9 fs3c fc10 sc0 lsec ws100\" style=\"left: 746px; bottom: 1035px; z-index: 15;\">(rig<span class=\"_ _2\"></span>ht of use)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1066px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 539px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 710px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff2bc fs3c fc10 sc0 ls0 ws0\" style=\"left: 539px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff2bc fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff2bc fs3c fc10 sc0 ls0 ws0\" style=\"left: 710px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff2bc fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2bb fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Acqui<span class=\"_ _2\"></span>sition cos<span class=\"_ _2\"></span>t as at 1 Janua<span class=\"_ _2\"></span>ry<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 517px; bottom: 1005px; z-index: 15;\">1,938<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y603 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 1005px; z-index: 15;\">613<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y603 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 696px; bottom: 1005px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y603 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1005px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Additions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 990px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 990px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 990px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 990px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Reversal of cost due <span class=\"_ _0\"></span>to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 975px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 975px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 975px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 975px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 960px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 960px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 946px; z-index: 15;\">Acquisition cost as a<span class=\"_ _0\"></span>t 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 517px; bottom: 946px; z-index: 15;\">1,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 946px; z-index: 15;\">641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 696px; bottom: 946px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 946px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 539px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 710px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 916px; z-index: 15;\">(738)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 916px; z-index: 15;\">(124)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 916px; z-index: 15;\">(247)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 916px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Depreciation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 901px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 901px; z-index: 15;\">(63)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 901px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 901px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Reversal of depreciation due<span class=\"_ _0\"></span> to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y63a ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 886px; z-index: 15;\">6</div>\n<div class=\"t m0 x2f h52 y63a ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 886px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y63a ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 886px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y63a ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 886px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5fc ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 871px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h52 y5fc ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 871px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5fc ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 856px; z-index: 15;\">(767)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 856px; z-index: 15;\">(171)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 856px; z-index: 15;\">(245)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 856px; z-index: 15;\">(24)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 539px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 710px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff2bb fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Accumu<span class=\"_ _2\"></span>lated imp<span class=\"_ _2\"></span>airments a<span class=\"_ _2\"></span>s at 1 <span class=\"lse4 wsf4\">January<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 827px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 827px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 827px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y647 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5ff ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 812px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y5ff ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 812px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5ff ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff2bb fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Accumulated impairments as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y608 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 797px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y608 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 710px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 539px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 710px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff2bb fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 767px; z-index: 15;\">Total as at 31 Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f2 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 517px; bottom: 767px; z-index: 15;\">1,122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f2 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 767px; z-index: 15;\">470<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f2 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 767px; z-index: 15;\">89<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f2 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 767px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a3a ff2b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a3b ff2b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1a3c ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> <span class=\"lsfa ws114\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">159<span class=\"_ _2\"></span></span> <span class=\"ls102 ws11d\">million</span> <span class=\"lsf4 ws10c\">of <span class=\"_ _2\"></span></span>p</span></span>ropert<span class=\"_ _0\"></span>y, plant an<span class=\"_ _0\"></span>d equipme<span class=\"_ _0\"></span>nt has</div>\n<div class=\"t m0 x7 h4f y1a3d ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">been ple<span class=\"_ _0\"></span>dged as coll<span class=\"_ _0\"></span>ateral (31<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsf1\">2021<span class=\"lsfa ws136\">: EUR</span></span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">166</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span>  </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 695px; height: 41px; width: 328px; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1a3e ff2b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a3f ff2b9 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Property, o<span class=\"_ _2\"></span>ther than car par<span class=\"_ _2\"></span>ks, is externally<span class=\"_ _2\"></span> appraised each year<span class=\"_ _2\"></span>,</div>\n<div class=\"t m0 x7 h4f y1a40 ff2b9 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">whereby the inde<span class=\"_ _2\"></span>pendent appraisers are rota<span class=\"_ _2\"></span>ted every three years. Fair<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y1a41 ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">values are b<span class=\"_ _2b\"></span>ased on level 3 valuat<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a42 ff2b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a43 ff2b9 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas d<span class=\"_ _0\"></span>etermin<span class=\"_ _0\"></span>es car p<span class=\"_ _0\"></span>ark fair v<span class=\"_ _2b\"></span>alues using in<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">house models<span class=\"_ _0\"></span> that also </span></span></div>\n<div class=\"t m0 x7 h4f y1a44 ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">use unobs<span class=\"_ _2b\"></span>ervable market dat<span class=\"_ _0\"></span>a (level 3).<span class=\"_ _0\"></span> The result<span class=\"_ _2b\"></span>ing fair values ar<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1a45 ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">calibrat<span class=\"_ _2b\"></span>ed based on availa<span class=\"_ _0\"></span>ble market<span class=\"_ _0\"></span> data and/<span class=\"_ _0\"></span>or transa<span class=\"_ _0\"></span>ctions.<span class=\"_ _0\"></span> Level 3</div>\n<div class=\"t m0 x1a h4f y1a46 ff2b9 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on tec<span class=\"wsf0\">hn<span class=\"_ _2b\"></span>iques are used for meas<span class=\"_ _2b\"></span>uring car parks pri<span class=\"_ _0\"></span>marily us<span class=\"_ _0\"></span>ing </span></div>\n<div class=\"t m0 x1a h4f y1a47 ff2b9 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash flows.<span class=\"_ _2b\"></span> Expected car pa<span class=\"_ _2b\"></span>rk cash flows t<span class=\"_ _0\"></span>ake int<span class=\"_ _0\"></span>o account<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1a48 ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d inflati<span class=\"_ _0\"></span>on, and ec<span class=\"_ _0\"></span>onomic gr<span class=\"_ _0\"></span>owth in indi<span class=\"_ _0\"></span>vidua<span class=\"_ _0\"></span>l car park are<span class=\"_ _0\"></span>as,</div>\n<div class=\"t m0 x1a h4f y1a49 ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">among oth<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>fact<span class=\"_ _2b\"></span>ors. The expect<span class=\"_ _0\"></span>ed net cash fl<span class=\"_ _0\"></span>ows are dis<span class=\"_ _2b\"></span>counted using</div>\n<div class=\"t m0 x1a h4f y1a4a ff2b9 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">adjust<span class=\"_ _2b\"></span>ed discount r<span class=\"_ _0\"></span>ates. Th<span class=\"_ _2b\"></span>e discount rat<span class=\"_ _0\"></span>e estimat<span class=\"_ _2b\"></span>ion consider<span class=\"_ _2b\"></span>s the </span></div>\n<div class=\"t m0 x1a h4f y1a4b ff2b9 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">quality<span class=\"_ _0\"></span> of the c<span class=\"_ _0\"></span>ar park a<span class=\"_ _0\"></span>nd its l<span class=\"_ _0\"></span>ocation<span class=\"_ _2b\"></span>, among other fac<span class=\"_ _0\"></span>tors.</div>\n<div class=\"t m0 x7 h4f y1a4c ff2b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a4d ff2b9 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fair val<span class=\"_ _0\"></span>ue of land and b<span class=\"_ _0\"></span>uildin<span class=\"_ _0\"></span>gs held for ow<span class=\"_ _0\"></span>n use and car<span class=\"_ _0\"></span> parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a4e ff2b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y638 ff2b9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 516px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y638 ff2b9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 516px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff2bb fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 485px; z-index: 15;\">Total fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue of La<span class=\"_ _0\"></span>nd and bu<span class=\"_ _2b\"></span>ildings held<span class=\"_ _0\"></span> for own us<span class=\"_ _0\"></span>e and ca<span class=\"_ _2b\"></span>r parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 485px; z-index: 15;\">2,261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 485px; z-index: 15;\">1,837<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 470px; z-index: 15;\">Total carrying amount (<span class=\"_ _0\"></span>including lease liability)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 470px; z-index: 15;\">1,498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 470px; z-index: 15;\">1,114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2bb fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 455px; z-index: 15;\">Gross u<span class=\"_ _2b\"></span>nrealised gai<span class=\"_ _2b\"></span>ns (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 455px; z-index: 15;\">763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 455px; z-index: 15;\">723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 441px; z-index: 15;\">Taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f7 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 441px; z-index: 15;\">(200)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f7 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 441px; z-index: 15;\">(176)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2bb fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 426px; z-index: 15;\">Net unrealised gains (losses) (not <span class=\"lsee ws101\">recognised in equity)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h54 y5fc ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 426px; z-index: 15;\">563<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 426px; z-index: 15;\">547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 415px; height: 675px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 415px; height: 675px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Goodw<span class=\"_ _2b\"></span>ill a<span class=\"_ _2\"></span>nd o<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>her<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">intangible a<span class=\"_ _2\"></span>sse<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x66 h52 y1550 ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2be fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Public car park service con<span class=\"_ _0\"></span>cessions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2be fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 756px; z-index: 15;\">VOBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other <span class=\"wsf3\">intangible assets<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">210<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2c0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a60 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a61 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a62 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2022, Ag<span class=\"_ _0\"></span>eas incre<span class=\"_ _0\"></span>ased its int<span class=\"_ _2b\"></span>erest in the joint ve<span class=\"_ _0\"></span>nture Age<span class=\"_ _2b\"></span>as Federal</div>\n<div class=\"t m0 x7 h4f y1a63 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Life Ins<span class=\"_ _0\"></span>urance C<span class=\"_ _2b\"></span>ompany Ltd (AF<span class=\"_ _2b\"></span>LIC) from 49% t<span class=\"_ _0\"></span>o 74%.<span class=\"ls0 ws0\"> </span>Foll<span class=\"_ _2b\"></span>owing this</div>\n<div class=\"t m0 x7 h4f y1a64 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion, a goodwill of EU<span class=\"_ _0\"></span>R 5 millio<span class=\"_ _0\"></span>n was recogn<span class=\"_ _2b\"></span>ised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a65 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a66 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Licenses<span class=\"_ _0\"></span> to ope<span class=\"_ _0\"></span>rate we<span class=\"_ _2b\"></span>re acquired as a r<span class=\"_ _2b\"></span>esult of the bu<span class=\"_ _0\"></span>siness</div>\n<div class=\"t m0 x7 h4f y1a67 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">combinat<span class=\"_ _2b\"></span>ion of Anima Group.<span class=\"_ _0\"></span> This intan<span class=\"_ _0\"></span>gible is rec<span class=\"_ _2b\"></span>orded in \u2018Other</div>\n<div class=\"t m0 x1a h4f y1a68 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets\u2019 and has an in<span class=\"_ _0\"></span>definit<span class=\"_ _0\"></span>e lifetime.<span class=\"_ _0\"></span> At <span class=\"lse2 ws103\">31 December 2022, </span></div>\n<div class=\"t m0 x1a h4f y1a69 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">this int<span class=\"_ _2b\"></span>angible was tes<span class=\"_ _0\"></span>ted for i<span class=\"_ _2b\"></span>mpairment an<span class=\"_ _0\"></span>d an amou<span class=\"_ _0\"></span>nt of EU<span class=\"_ _0\"></span>R 0.4</div>\n<div class=\"t m0 x1a h4f y1a6a ff2be fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million impa<span class=\"_ _2\"></span>irment was recorded<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1a6b ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1a6c ff2be fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Changes in <span class=\"_ _2\"></span>goodwill, VOBA and P<span class=\"_ _2\"></span>ublic car park<span class=\"_ _2\"></span> service concessions<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">are </span></div>\n<div class=\"t m0 x1a h4f y1a6d ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shown bel<span class=\"_ _2b\"></span>ow.</div>\n<div class=\"t m0 x7 h4f y1a6e ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a6f ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x17 h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x17 h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 524px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5ff ff2be fs3c fc10 sc0 ls109 ws12c\" style=\"left: 461px; bottom: 524px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff2be fs3c fc10 sc0 lse5 wsf5\" style=\"left: 622px; bottom: 524px; z-index: 15;\">VOBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y63a ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 736px; bottom: 539px; z-index: 15;\">Public Car Park<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff2be fs3c fc10 sc0 lse5 ws15d\" style=\"left: 713px; bottom: 524px; z-index: 15;\">Service Co<span class=\"_ _0\"></span>ncessions<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 508px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff2c0 fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 478px; z-index: 15;\">Acqui<span class=\"_ _2\"></span>sition cos<span class=\"_ _2\"></span>t as at 1 Janua<span class=\"_ _2\"></span>ry<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 478px; z-index: 15;\">648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 478px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 478px; z-index: 15;\">528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 478px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 478px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 478px; z-index: 15;\">726<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 463px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 463px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 463px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 448px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 416px; bottom: 448px; z-index: 15;\">6</div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 448px; z-index: 15;\">144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 433px; z-index: 15;\">Additions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 712px; bottom: 433px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 433px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 418px; z-index: 15;\">Reversal of cost due <span class=\"_ _0\"></span>to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 712px; bottom: 418px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 403px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 403px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 403px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 403px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 403px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 403px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 403px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 389px; z-index: 15;\">Acquisition cost as a<span class=\"_ _0\"></span>t 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 389px; z-index: 15;\">629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 389px; z-index: 15;\">648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 389px; z-index: 15;\">658<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 389px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 389px; z-index: 15;\">828<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 389px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 359px; z-index: 15;\">Accumulated amortisation as at<span class=\"_ _0\"></span> 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 359px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5f9 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 359px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 550px; bottom: 359px; z-index: 15;\">(495)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 359px; z-index: 15;\">(485)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 701px; bottom: 359px; z-index: 15;\">(296)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 359px; z-index: 15;\">(265)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 344px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 566px; bottom: 344px; z-index: 15;\">1</div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 329px; z-index: 15;\">Amortisation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 329px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 329px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 329px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 329px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 329px; z-index: 15;\">(27)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 329px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 314px; z-index: 15;\">Reversal of amortisation due <span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>o disposal<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 717px; bottom: 314px; z-index: 15;\">2</div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 299px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 717px; bottom: 299px; z-index: 15;\">6</div>\n<div class=\"t m0 x1f0 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 299px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 285px; z-index: 15;\">Accumulated amortisation as at<span class=\"_ _0\"></span> 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 550px; bottom: 285px; z-index: 15;\">(508)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 285px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 701px; bottom: 285px; z-index: 15;\">(315)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 285px; z-index: 15;\">(296)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff2c0 fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 255px; z-index: 15;\">Accumu<span class=\"_ _2\"></span>lated imp<span class=\"_ _2\"></span>airments a<span class=\"_ _2\"></span>s at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 255px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 255px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 255px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 255px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 255px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 255px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 240px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 240px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 225px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 416px; bottom: 225px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y605 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 225px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 210px; z-index: 15;\">Accumulated impairments as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 210px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 210px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y603 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 210px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y603 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 210px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 210px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 210px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 181px; z-index: 15;\">Total as at 31 Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 181px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 181px; z-index: 15;\">616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 181px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 181px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 181px; z-index: 15;\">502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 181px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 170px; height: 791px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 170px; height: 791px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 170px; height: 791px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 170px; height: 791px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 170px; height: 791px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Impairm<span class=\"_ _2b\"></span>ent testing of <span class=\"_ _0\"></span>goodwil<span class=\"_ _0\"></span>l is perf<span class=\"_ _0\"></span>ormed an<span class=\"_ _2b\"></span>nually at the en<span class=\"_ _2b\"></span>d of the</div>\n<div class=\"t m0 x7 h4f y804 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">year by com<span class=\"_ _0\"></span>paring the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>overabl<span class=\"_ _0\"></span>e amount of<span class=\"_ _0\"></span> cash<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generating un<span class=\"_ _2\"></span>its </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(CGU) wit<span class=\"_ _2b\"></span>h their carry<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ount. Th<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">recoverable amoun<span class=\"_ _2\"></span>t is the higher </span></div>\n<div class=\"t m0 x7 h4f y806 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the va<span class=\"_ _0\"></span>lue in u<span class=\"_ _0\"></span>se and fai<span class=\"_ _0\"></span>r value <span class=\"_ _0\"></span>less cos<span class=\"_ _0\"></span>ts to se<span class=\"_ _2b\"></span>ll. The type of ac<span class=\"_ _2b\"></span>quired</div>\n<div class=\"t m0 x7 h4f y807 ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">entity, the le<span class=\"_ _2\"></span>vel of operational integrati<span class=\"_ _2\"></span>on and common management,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y808 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>nes the definition of<span class=\"_ _0\"></span> the CGU. B<span class=\"_ _0\"></span>ased on thes<span class=\"_ _0\"></span>e criter<span class=\"_ _0\"></span>ia, Ageas</div>\n<div class=\"t m0 x7 h4f y809 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has desi<span class=\"_ _2b\"></span>gnated CGUs on c<span class=\"_ _2b\"></span>ountry level<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1506 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The recov<span class=\"_ _0\"></span>erable am<span class=\"_ _0\"></span>ount of a CGU is as<span class=\"_ _0\"></span>sesse<span class=\"_ _0\"></span>d by means of a</div>\n<div class=\"t m0 x1a h4f y1507 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">flow mode<span class=\"_ _0\"></span>l of the <span class=\"_ _0\"></span>anticip<span class=\"_ _0\"></span>ated fut<span class=\"_ _0\"></span>ure cash f<span class=\"_ _0\"></span>lows of<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x1a h4f yc3d ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">CGU. Th<span class=\"_ _0\"></span>e key ass<span class=\"_ _2b\"></span>umptions used i<span class=\"_ _2b\"></span>n the cash flow <span class=\"_ _0\"></span>model d<span class=\"_ _0\"></span>epend on</div>\n<div class=\"t m0 x1a h4f yc3e ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">input reflect<span class=\"_ _2\"></span>ing various financial and econ<span class=\"_ _2\"></span>omic variables, includin<span class=\"_ _2\"></span>g the</div>\n<div class=\"t m0 x1a h4f yc3f ff2c4 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">free rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in a give<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>untry and a pr<span class=\"_ _0\"></span>emium to r<span class=\"_ _0\"></span>eflect the<span class=\"_ _0\"></span> inherent </span></span></div>\n<div class=\"t m0 x1a h4f yc40 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risk of the ent<span class=\"_ _2b\"></span>ity being evaluat<span class=\"_ _0\"></span>ed. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc41 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc42 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">These var<span class=\"_ _0\"></span>iables ar<span class=\"_ _0\"></span>e determin<span class=\"_ _2b\"></span>ed on the basis of manag<span class=\"_ _0\"></span>ement\u2019s<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc43 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgem<span class=\"_ _0\"></span>ent. If th<span class=\"_ _2b\"></span>e entity is lis<span class=\"_ _0\"></span>ted on a <span class=\"wsf0\">s<span class=\"_ _2b\"></span>tock market, the mar<span class=\"_ _2b\"></span>ket price will </span></div>\n<div class=\"t m0 x1a h4f yc44 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">also be c<span class=\"_ _2b\"></span>onsidered an e<span class=\"_ _0\"></span>lement<span class=\"_ _0\"></span> in the ev<span class=\"_ _0\"></span>aluatio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc45 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc46 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc47 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The bre<span class=\"_ _0\"></span>akdown of<span class=\"_ _0\"></span> goodwil<span class=\"_ _2b\"></span>l and impairme<span class=\"_ _2b\"></span>nts for the mai<span class=\"_ _0\"></span>n cash<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">gene<span class=\"_ _2b\"></span>rating units as at 31<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">December</span> <span class=\"lse2 wsf1\">2022</span> <span class=\"lse0 wsf0\">is as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yc48 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 861px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y603 ff2c4 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 335px; bottom: 876px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 861px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 428px; bottom: 861px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 568px; bottom: 876px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 861px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 861px; z-index: 15;\">Segment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 876px; z-index: 15;\">Method<span class=\"ls0 ws0\"> </span><span class=\"wsf6\">used for<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x198 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 716px; bottom: 861px; z-index: 15;\">recoverable amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 846px; z-index: 15;\">Cash<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">generating unit (CGU)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 370px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 583px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 831px; z-index: 15;\">Ageas Portugal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 831px; z-index: 15;\">337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y605 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 831px; z-index: 15;\">337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 831px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 831px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Ageas (UK)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 816px; z-index: 15;\">265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 467px; bottom: 816px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 816px; z-index: 15;\">237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 816px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 816px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 360px; bottom: 801px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y5f2 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 801px; z-index: 15;\">3</div>\n<div class=\"t m0 x45 h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 801px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f2 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 689px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 801px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2c6 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 786px; z-index: 15;\">629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 467px; bottom: 786px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 786px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f4 ff2c6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y5f4 ff2c6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a8b ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a8c ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas Portuga<span class=\"_ _2\"></span>l<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a8d ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The repor<span class=\"_ _2\"></span>ted goodwill for Agea<span class=\"_ _2\"></span>s Portugal amoun<span class=\"_ _2\"></span>ts to EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">337<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion </span></span></span></div>\n<div class=\"t m0 x7 h4f y1a8e ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">(<span class=\"lse2 wsf1\">2021<span class=\"ws103\">: EUR</span></span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">337</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span> </div>\n<div class=\"t m0 x7 h4f y1a8f ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a90 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>e in use calculat<span class=\"_ _2b\"></span>ion uses expec<span class=\"_ _0\"></span>ted divi<span class=\"_ _2b\"></span>dends, based o<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y1a91 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business p<span class=\"_ _2\"></span>lans approved by lo<span class=\"_ _2\"></span>cal and Ageas\u2019<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">manag<span class=\"_ _2b\"></span>ement over a </span></span></div>\n<div class=\"t m0 x7 h4f y1a92 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period of <span class=\"_ _2\"></span><span class=\"wsf1\">three<span class=\"ls0 ws0\"> </span>years. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1a93 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a94 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>for af<span class=\"_ _0\"></span>ter thi<span class=\"_ _0\"></span>s period hav<span class=\"_ _0\"></span>e been ext<span class=\"_ _0\"></span>rapolat<span class=\"_ _0\"></span>ed using a g<span class=\"_ _0\"></span>rowth</div>\n<div class=\"t m0 x7 h4f y1a95 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate of 2.0 pe<span class=\"_ _2b\"></span>rcent, which repre<span class=\"_ _0\"></span>sents <span class=\"lsfc ws115\">the<span class=\"ls0 ws0\"> </span></span>expected inf<span class=\"_ _0\"></span>lation i<span class=\"_ _0\"></span>n Portuga<span class=\"_ _0\"></span>l.</div>\n<div class=\"t m0 x7 h4f y1a96 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate of 8.<span class=\"_ _0\"></span>6 percent (<span class=\"_ _2b\"></span>2021: 8.9 percent<span class=\"_ _0\"></span>) <span class=\"wsfa\">used is<span class=\"_ _0\"></span> based o<span class=\"wsef\">n </span></span></div>\n<div class=\"t m0 x7 h4f y1a97 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the avera<span class=\"_ _2\"></span>ge <span class=\"lsfb wsfa\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">free i<span class=\"_ _2b\"></span>nterest rate,<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">equity</span> <span class=\"lse2 wsfa\">risk pr<span class=\"_ _2\"></span>emium and </span>a<span class=\"_ _2\"></span> </span><span class=\"wsef\">beta </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1a98 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">coeffic<span class=\"_ _0\"></span>ient. T<span class=\"_ _0\"></span>he impa<span class=\"_ _0\"></span>irment t<span class=\"_ _0\"></span>est sho<span class=\"_ _0\"></span>wed that<span class=\"_ _0\"></span> the rec<span class=\"_ _2b\"></span>overable amou<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y1a99 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exceede<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>the ca<span class=\"_ _0\"></span>rrying v<span class=\"_ _0\"></span>alue of the C<span class=\"_ _0\"></span>GU includi<span class=\"_ _0\"></span>ng good<span class=\"_ _0\"></span>will.</div>\n<div class=\"t m0 x7 h4f y1a9a ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Consequently, good<span class=\"_ _2\"></span>will for Ageas Portugal wa<span class=\"_ _2\"></span>s not impaired.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a9b ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a9c ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Based o<span class=\"_ _0\"></span>n the sens<span class=\"_ _2b\"></span>itivity analy<span class=\"_ _0\"></span>sis wit<span class=\"_ _0\"></span>h regard t<span class=\"_ _2b\"></span>o the assumpti<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x7 h4f y1a9d ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">goodwill <span class=\"_ _2\"></span>for Ageas Portugal woul<span class=\"_ _2\"></span>d not be impaired<span class=\"_ _2\"></span> if the growth<span class=\"_ _2\"></span> rate was</div>\n<div class=\"t m0 x7 h4f y1a9e ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">largely ne<span class=\"_ _2\"></span>gative or the di<span class=\"_ _2\"></span>scount rate increased<span class=\"_ _2\"></span> by more <span class=\"lse0 wsef\">than </span><span class=\"wsf1\">10<span class=\"ls0 ws0\">.6<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1a9f ff2c4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">percent<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1aa0 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aa1 ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas UK<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aa2 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Goodwill <span class=\"_ _2\"></span>for Ageas UK amount<span class=\"_ _2\"></span>s <span class=\"lsfc ws115\">to </span><span class=\"wsf1\">GBP <span class=\"_ _2\"></span>235<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">million (</span></span></span><span class=\"lse0\">2021: GBP </span></div>\n<div class=\"t m0 x1a h4f y1aa3 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">235<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">million). Th<span class=\"_ _0\"></span>e net goodw<span class=\"_ _0\"></span>ill after im<span class=\"_ _2b\"></span>pairment amounts<span class=\"_ _0\"></span> to <span class=\"ls107 ws122\">GBP </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aa4 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">210<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">mil<span class=\"_ _2\"></span>lion (</span></span>2021<span class=\"lsf4 ws10c\">: </span>GBP <span class=\"_ _2\"></span>210<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>. </span> </span></div>\n<div class=\"t m0 x1a h4f y1aa5 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aa6 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>e in use calculat<span class=\"_ _2b\"></span>ion uses expec<span class=\"_ _0\"></span>ted divi<span class=\"_ _2b\"></span>dends based o<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f y1aa7 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business p<span class=\"_ _2\"></span>lans approved by lo<span class=\"_ _2\"></span>cal and Ageas\u2019s <span class=\"_ _2\"></span>management over a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aa8 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period of <span class=\"_ _2\"></span><span class=\"wsf1\">three<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">years. Est<span class=\"_ _2b\"></span>imates for after th<span class=\"_ _0\"></span>is period h<span class=\"_ _0\"></span>ave been </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aa9 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">extrap<span class=\"_ _0\"></span>olated usi<span class=\"_ _2b\"></span>ng a growth rate of 2.0<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">percent, which repre<span class=\"_ _2\"></span>sents <span class=\"lsfc ws115\">the</span></span> </span></div>\n<div class=\"t m0 x1a h4f y1aaa ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d inflati<span class=\"_ _0\"></span>on. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aab ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aac ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate <span class=\"lsf4 ws10c\">of </span>5.9 per<span class=\"_ _0\"></span>cent (20<span class=\"_ _0\"></span>21: 5.9 perc<span class=\"_ _0\"></span>ent) <span class=\"wsfa\">use<span class=\"_ _2b\"></span>d is based on </span></div>\n<div class=\"t m0 x1a h4f y1aad ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the avera<span class=\"_ _2\"></span>ge <span class=\"lsfb wsfa\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse2\">free intere<span class=\"lsf4 ws114\">st rate, </span></span></span>equ<span class=\"_ _2\"></span>ity <span class=\"wsfa\">risk premium<span class=\"_ _2\"></span> and <span class=\"ls0 ws0\">a <span class=\"lse0 wsef\">beta </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aae ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coefficient<span class=\"lsf4 ws10c\">. <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">The im<span class=\"_ _2b\"></span>pairment test <span class=\"wsef\">sho<span class=\"_ _0\"></span>wed <span class=\"lse2 ws103\">that the recoverable amo<span class=\"_ _2\"></span>unt </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1aaf ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exceede<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>the ca<span class=\"_ _0\"></span>rrying v<span class=\"_ _0\"></span>alue of the C<span class=\"_ _0\"></span>GU includi<span class=\"_ _0\"></span>ng good<span class=\"_ _0\"></span>will<span class=\"ls0 ws0\"> </span><span class=\"wsef\">and <span class=\"lse2 wsf1\">goodwill </span></span></div>\n<div class=\"t m0 x1a h4f y1ab0 ff2c4 fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">was<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">therefore</span> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">not impaired.</span> </span></div>\n<div class=\"t m0 x1a h4f y1ab1 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1ab2 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Based o<span class=\"_ _0\"></span>n the sens<span class=\"_ _2b\"></span>itivity analy<span class=\"_ _0\"></span>sis wit<span class=\"_ _0\"></span>h regard t<span class=\"_ _2b\"></span>o the assumpti<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x1a h4f y1ab3 ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">goodwill for<span class=\"_ _2\"></span> the UK business would not be impai<span class=\"_ _2\"></span>red if the long<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">ter<span class=\"_ _2\"></span>m </span></span></div>\n<div class=\"t m0 x1a h4f y1ab4 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">growth rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>was<span class=\"_ _0\"></span> negativ<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and the d<span class=\"_ _0\"></span>iscount <span class=\"_ _0\"></span>rate inc<span class=\"_ _2b\"></span>reased by <span class=\"lse2 ws103\">more than </span></span></div>\n<div class=\"t m0 x1a h4f y1ab5 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">6.2 perc<span class=\"_ _2b\"></span>ent.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 413px; height: 693px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 413px; height: 693px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 413px; height: 693px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 413px; height: 693px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 413px; height: 693px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2c8 fs3a fc10 sc0 lsfc ws115\" style=\"z-index: 15;\">Othe<span class=\"_ _2\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff2c8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Other includes<span class=\"_ _2\"></span> goodwill in <span class=\"wsf1\">Belgium<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">and <span class=\"lsfc ws115\">In<span class=\"_ _2\"></span>dia</span></span>. </span></span></div>\n<div class=\"t m0 x7 h4f yd14 ff2c8 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation of V<span class=\"_ _0\"></span>OBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd15 ff2c8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The main co<span class=\"_ _0\"></span>ntribut<span class=\"_ _2b\"></span>or <span class=\"_ _2\"></span>to V<span class=\"_ _0\"></span>OBA <span class=\"ls102 ws11d\">is<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">Ageas Federa<span class=\"_ _2\"></span>l Life Insurance Company Ltd</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">(AFLIC)</span></span></span>. The expect<span class=\"_ _0\"></span>ed amorti<span class=\"_ _2b\"></span>sation expens<span class=\"_ _0\"></span>es <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">as foll<span class=\"_ _0\"></span>ows. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yd16 ff2c8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2c8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x378 h52 y5ff ff2c8 fs3c fc10 sc0 lse7 ws0\" style=\"left: 668px; bottom: 1002px; z-index: 15;\">Estima<span class=\"_ _0\"></span>ted amo<span class=\"_ _2b\"></span>rtisation o<span class=\"_ _2b\"></span>f VOBA<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff2c8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 986px; z-index: 15;\"> </div>\n<div class=\"t m0 x286 h54 y647 ff2ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 986px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 972px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y603 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 972px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 957px; z-index: 15;\">2024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y608 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 957px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 942px; z-index: 15;\">2025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 942px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 927px; z-index: 15;\">2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f2 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 927px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 912px; z-index: 15;\">2027<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 912px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Later<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f9 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 897px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2cb fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37a h54 y60e ff2cb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 882px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 871px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 871px; height: 235px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 871px; height: 235px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 871px; height: 235px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 871px; height: 235px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">Sh<span class=\"_ _2\"></span>areh<span class=\"_ _2\"></span>olders\u2019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">equit<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h63 y17d6 ff2cf fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">The <span class=\"ws10f\">following table s<span class=\"_ _2\"></span>hows the<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h63 y17d7 ff2cf fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">composition of shareholders\u2019 equity <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 y17d8 ff2cf fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">as at 31<span class=\"ls0\"> </span>December 2022. <span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff2cd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x14d h52 y1550 ff2cd fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 816px; z-index: 15;\">Share capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf5 h52 y1550 ff2cd fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2cd fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xf5 h52 y608 ff2cd fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2cd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Ordinary shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h52 y5f4 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 786px; z-index: 15;\">1,502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2cd fs3c fc14 sc0 lsed wsf7\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Share pre<span class=\"_ _0\"></span>mium reserv<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h52 y5f9 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 771px; z-index: 15;\">2,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2cd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Other reserves<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h52 y60e ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 756px; z-index: 15;\">3,752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2cd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Currency translation reserve<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe8 h52 y5f9 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 741px; z-index: 15;\">60<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2cd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o <span class=\"wsf4\">shareholders<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x248 h52 y5f7 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 727px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2cd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Unrealised gains and l<span class=\"_ _0\"></span>osses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 y5fc ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 712px; z-index: 15;\">(794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2d0 fs3c fc10 sc0 lsee ws15e\" style=\"left: 324px; bottom: 697px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h54 y601 ff2d0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 697px; z-index: 15;\">7,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 323px; bottom: 687px; height: 139px; width: 475px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x26 h6a y1aca ff2d1 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h6a y1acb ff2d1 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Shares<span class=\"_ _0\"></span> issued and poten<span class=\"_ _0\"></span>tial number<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of share<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1acc ff2cd fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">To<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">the extent<span class=\"_ _2\"></span></span> <span class=\"lse0 wsfa\">rules<span class=\"_ _2b\"></span> and<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">regul<span class=\"_ _2\"></span>ations permit, and in the<span class=\"_ _2\"></span> interest of the Company</span>, <span class=\"_ _2\"></span></span><span class=\"lse2\">the Board of Age<span class=\"_ _2\"></span>as </span></span></span></div>\n<div class=\"t m0 x26 h4f y1acd ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">was autho<span class=\"_ _0\"></span>rised fo<span class=\"_ _0\"></span>r a period of thr<span class=\"_ _2b\"></span>ee years (202<span class=\"ls0 ws0\">2-<span class=\"lse2 wsf1\">202</span>4<span class=\"lse2 wsfa\">)<span class=\"_ _2\"></span> by the General <span class=\"_ _2\"></span>Meeting of Shareholders<span class=\"_ _2\"></span></span> <span class=\"lsf4 ws10c\">of </span></span></div>\n<div class=\"t m0 x26 h4f y1ace ff2cd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">18<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">May 20<span class=\"_ _0\"></span>2<span class=\"ls0 ws0\">2 </span><span class=\"wsfa\">to increase t<span class=\"_ _2b\"></span>he share capit<span class=\"_ _2b\"></span>al by a maximu<span class=\"_ _2b\"></span>m amount of EUR<span class=\"ls0 ws0\"> </span><span class=\"lse2\">150,000,000 for genera<span class=\"_ _2\"></span>l </span></span></span></div>\n<div class=\"t m0 x26 h4f y1acf ff2cd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">purposes. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1ad0 ff2cd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1ad1 ff2cd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Applie<span class=\"_ _0\"></span>d to a frac<span class=\"_ _0\"></span>tion val<span class=\"_ _2b\"></span>ue of EUR<span class=\"ls0 ws0\"> </span><span class=\"wsef\">7.<span class=\"ls0 ws0\">92</span><span class=\"wsf0\">, this enables<span class=\"_ _0\"></span> the issuanc<span class=\"_ _2b\"></span>e of up <span class=\"_ _2\"></span>to 1<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">8<span class=\"_ _2\"></span>,<span class=\"lse2 wsf1\">950<span class=\"lse0 wsfa\">,000 shares<span class=\"_ _2b\"></span>, </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1ad2 ff2cd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">representing<span class=\"_ _2\"></span> approximately 10% of the total cu<span class=\"_ _2\"></span>rrent share capital of the Com<span class=\"_ _2\"></span>pany. This authorisation</div>\n<div class=\"t m0 x26 h4f y1ad3 ff2cd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">also ena<span class=\"_ _0\"></span>bles th<span class=\"_ _0\"></span>e Comp<span class=\"_ _0\"></span>any to me<span class=\"_ _2b\"></span>et its obligatio<span class=\"_ _2b\"></span>ns entered int<span class=\"_ _0\"></span>o in the c<span class=\"_ _2b\"></span>ontext of the iss<span class=\"_ _2b\"></span>ue of t<span class=\"lse2 wsf1\">he </span></div>\n<div class=\"t m0 x26 h4f y1ad4 ff2cd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments. <span class=\"lse0 wsfa\">Shares<span class=\"_ _0\"></span> can als<span class=\"_ _0\"></span>o be issu<span class=\"_ _2b\"></span>ed due to the so<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">called alte<span class=\"_ _2\"></span>rnative coupon settlemen<span class=\"_ _2\"></span>t </span></span></span></div>\n<div class=\"t m0 x26 h4f y1ad5 ff2cd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">method (ACSM), incl<span class=\"_ _2\"></span>uded in certain hybrid f<span class=\"_ _2\"></span>inancial instruments (for<span class=\"_ _2\"></span> details see note<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">43 Continge<span class=\"_ _0\"></span>nt </span></span></div>\n<div class=\"t m0 x26 h4f y1ad6 ff2cd fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>ies<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">and note 20 Su<span class=\"_ _0\"></span>bordin<span class=\"_ _0\"></span>ated liabi<span class=\"_ _0\"></span>lities<span class=\"lsf4 ws10c\">). <span class=\"ls0 ws0\"> </span></span></span></span></div>\n\n<div class=\"t m0 x26 h4f y1ad7 ff2cd fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Treasury shar<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1ad8 ff2cd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Treasury shar<span class=\"_ _2\"></span>es are issued o<span class=\"_ _2\"></span>rdinary shares <span class=\"_ _2\"></span>that have been bough<span class=\"_ _2\"></span>t back by Ageas.<span class=\"_ _2\"></span> The shares are<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x26 h4f y1ad9 ff2cd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">deducted from<span class=\"_ _2\"></span> shareholders\u2019 eq<span class=\"_ _2\"></span>uity and reported <span class=\"_ _2\"></span>in other reserve<span class=\"_ _2\"></span>s<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y1ada ff2cd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1adb ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The total nu<span class=\"_ _0\"></span>mber of<span class=\"_ _0\"></span> treasury sh<span class=\"_ _0\"></span>ares (<span class=\"ls0 ws0\">6.1 </span><span class=\"wsfa\">million) cons<span class=\"_ _0\"></span>ists of s<span class=\"_ _2b\"></span>hares held fo<span class=\"_ _0\"></span><span class=\"lse2 ws103\">r the FRESH (1.2 mi<span class=\"_ _2\"></span>llion<span class=\"lsf4 ws10c\">, </span></span></span></div>\n<div class=\"t m0 x26 h4f y1adc ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">see note 20.<span class=\"_ _0\"></span>1<span class=\"ls0 ws0\">)<span class=\"lse2 ws103\">, shares under<span class=\"_ _2\"></span>lying repurchased FRESH securi<span class=\"_ _2\"></span>ties (2.8 million</span></span><span class=\"wsfa\">, see note <span class=\"_ _0\"></span>20.1<span class=\"ls0 ws0\">) </span>and the </span></div>\n<div class=\"t m0 x26 h4f y1add ff2cd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>ng shar<span class=\"_ _0\"></span>es result<span class=\"_ _2b\"></span>ing from the s<span class=\"_ _0\"></span>hare buy<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">back prog<span class=\"_ _2\"></span>ramme (</span>2.1<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">millio<span class=\"_ _2b\"></span>n) of which 0.1<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1ade ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shares are us<span class=\"_ _2b\"></span>ed for the vesting of<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">the restric<span class=\"_ _2\"></span>ted share programme</span>. </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 294px; height: 130px; width: 488px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 293px; height: 668px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 293px; height: 668px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 293px; height: 668px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2d4 fs3a fc10 sc0 lse2 ws103\" style=\"z-index: 15;\">Share buy<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">ba<span class=\"_ _2\"></span>ck programme 20<span class=\"wsf1\">21<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>202<span class=\"ls0 ws0\">2 </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff2d4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ann<span class=\"_ _0\"></span>ounced on <span class=\"lse2 wsf1\">11<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">August 20</span>21<span class=\"ls0 ws0\"> </span></span>a new <span class=\"lse2 wsfa\">share<span class=\"_ _2\"></span> buy<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">back<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff2d4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">programme, s<span class=\"_ _2\"></span>tartin<span class=\"lse0 wsf0\">g on 1<span class=\"ls0 ws0\"> </span></span><span class=\"wsf1\">September<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">20</span></span>21<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and<span class=\"_ _2\"></span> running<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">up to</span> </span><span class=\"lse0\">29 July<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff2d4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">202<span class=\"ls0 ws0\">2<span class=\"lse0 wsf0\">, for an amount of E<span class=\"ls104 ws126\">UR </span></span></span>150<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million. </span> </span></div>\n<div class=\"t m0 x7 h4f y806 ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y807 ff2d4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Extraor<span class=\"_ _2\"></span>dinary General Mee<span class=\"_ _2\"></span>ting of Shareholders<span class=\"_ _2\"></span> of <span class=\"ls0 ws0\">A<span class=\"lse0 wsef\">geas <span class=\"ls107 ws122\">SA/N<span class=\"_ _2b\"></span>V </span></span></span></div>\n<div class=\"t m0 x7 h4f y808 ff2d4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">of<span class=\"ls0 ws0\"> 18<span class=\"_ _2\"></span> </span><span class=\"wsf0\">May 20<span class=\"_ _0\"></span>2<span class=\"ls0 ws0\">2 <span class=\"lse2 ws103\">appro<span class=\"_ _2\"></span>ved the cancellation of </span>1<span class=\"_ _2\"></span>,<span class=\"lse2 wsf1\">301</span>,<span class=\"lse2 wsf1\">941</span><span class=\"ff2d6\"> </span><span class=\"lse1 ws11d\">shares. As a<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y809 ff2d4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">result, the<span class=\"_ _2\"></span> total number of issued shares i<span class=\"_ _2\"></span>s reduced to 1<span class=\"lse0 wsef\">89<span class=\"ls0 ws0\">,</span></span><span class=\"wsf1\">731<span class=\"ls0 ws0\">,1</span>87<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f y1506 ff2d4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Restricted s<span class=\"_ _2\"></span>hare programme<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1507 ff2d4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">crea<span class=\"_ _2\"></span>ted restricted share<span class=\"_ _2\"></span> programmes for <span class=\"_ _2\"></span>the members of <span class=\"_ _2\"></span>the </span></div>\n<div class=\"t m0 x1a h4f yc3d ff2d4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Executive an<span class=\"_ _2\"></span>d Management Committee<span class=\"_ _2\"></span> (see also note<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">6 secti<span class=\"_ _0\"></span>on 6.2 </span></span></div>\n<div class=\"t m0 x1a h4f yc3e ff2d4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee <span class=\"_ _2\"></span>share and share<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">linked incentiv<span class=\"_ _2b\"></span>e plans).<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc3f ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ae6 ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h6a yafc ff2d7 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yda3 ff2d7 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Outstanding shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2d4 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 861px; z-index: 15;\">in thousands<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 876px; z-index: 15;\">Shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 541px; bottom: 861px; z-index: 15;\">issued<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y603 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 646px; bottom: 876px; z-index: 15;\">Treasury<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 861px; z-index: 15;\">shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 876px; z-index: 15;\">Shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y605 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 750px; bottom: 861px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y603 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y603 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 681px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h54 y603 ff2d8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff2d9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 831px; z-index: 15;\">Number of shares as<span class=\"_ _0\"></span> at 1 January 2021<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y605 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 831px; z-index: 15;\">194,553<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y605 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 831px; z-index: 15;\">(7,591)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y605 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 831px; z-index: 15;\">186,962<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Cancelled shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y632 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 816px; z-index: 15;\">(3,520)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y632 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 658px; bottom: 816px; z-index: 15;\">3,520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y632 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Balance (acquired)/sold<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f2 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f2 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 801px; z-index: 15;\">(1,297)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 801px; z-index: 15;\">(1,297)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Used for management share pla<span class=\"_ _2b\"></span>ns<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f4 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x5f h52 y5f4 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 786px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 786px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2d9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Number of shares as at 31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x30 h54 y5f9 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 771px; z-index: 15;\">191,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 771px; z-index: 15;\">(5,296)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5f9 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 771px; z-index: 15;\">185,737<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Cancelled shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 756px; z-index: 15;\">(1,302)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 658px; bottom: 756px; z-index: 15;\">1,302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y60e ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Balance (acquired)/sold<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f9 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 742px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f9 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 742px; z-index: 15;\">(2,152)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 742px; z-index: 15;\">(2,152)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Used for management share pla<span class=\"_ _2b\"></span>ns<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f7 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x5f h52 y5f7 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 727px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f7 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 727px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2d9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Number of shares as at 31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5fc ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 712px; z-index: 15;\">189,731<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5fc ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 712px; z-index: 15;\">(6,075)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5fc ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 712px; z-index: 15;\">183,656<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1ae7 ff2d7 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1ae8 ff2d7 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Shares entitled t<span class=\"_ _2\"></span>o dividend and voting r<span class=\"_ _2\"></span>ights<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1ae9 ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff2d4 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 602px; z-index: 15;\">in thousands<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x286 h52 y601 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 602px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 x286 h52 y5ff ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff2d9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 571px; z-index: 15;\">Number of shares iss<span class=\"_ _0\"></span>ued as at 31 Decem<span class=\"_ _2b\"></span>ber 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x139 h54 y647 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 571px; z-index: 15;\">189,731<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 556px; z-index: 15;\">Shares not entitled to <span class=\"_ _2b\"></span>div<span class=\"_ _2\"></span>idend and<span class=\"_ _0\"></span> voting rights:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x286 h52 y5ff ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 556px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 542px; z-index: 15;\">Shares held by <span class=\"ls0 ws0\">A</span><span class=\"wsf4\">geas <span class=\"lse6 wsf7\">SA/NV<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 xf5 h52 y608 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 542px; z-index: 15;\">4,841<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Shares related to FRESH<span class=\"_ _0\"></span> (see note 20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf5 h52 y603 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 527px; z-index: 15;\">1,219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 512px; z-index: 15;\">Shares related to <span class=\"lsec ws100\">CASHE<span class=\"_ _2\"></span>S (see not<span class=\"_ _2\"></span>es 23 and 43)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xf5 h52 y608 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 512px; z-index: 15;\">3,473<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2d9 fs3c fc10 sc0 lsee ws15e\" style=\"left: 69px; bottom: 497px; z-index: 15;\">Shares entitled to voting rights and dividend<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x139 h54 y5f4 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 497px; z-index: 15;\">180,197<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h6a y1af2 ff2d7 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1af3 ff2d7 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Currency translation reserve</div>\n<div class=\"t m0 x7 h4f y1af4 ff2d4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The curre<span class=\"_ _2b\"></span>ncy translation res<span class=\"_ _2b\"></span>erve is a separate c<span class=\"_ _0\"></span>omponent<span class=\"_ _0\"></span> of</div>\n<div class=\"t m0 x7 h4f y1af5 ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>olders\u2019 <span class=\"_ _0\"></span>equity<span class=\"_ _0\"></span> in which t<span class=\"_ _2b\"></span>he <span class=\"wsf0\">exchange diff<span class=\"_ _2b\"></span>erences arisi<span class=\"_ _0\"></span>ng from </span></div>\n<div class=\"t m0 x7 h4f y1af6 ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ation of t<span class=\"_ _0\"></span>he res<span class=\"_ _0\"></span>ults an<span class=\"_ _0\"></span>d financi<span class=\"_ _2b\"></span>al positions of f<span class=\"_ _2b\"></span>oreign operat<span class=\"_ _2b\"></span>ions</div>\n<div class=\"t m0 x7 h4f y1af7 ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that ar<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e Ageas C<span class=\"_ _2b\"></span>onsolidated F<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al State<span class=\"_ _0\"></span>ments <span class=\"_ _0\"></span>are</div>\n<div class=\"t m0 x7 h4f y1af8 ff2d4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reported.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1af9 ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1afa ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas d<span class=\"_ _0\"></span>oes not h<span class=\"_ _2b\"></span>edge net invest<span class=\"_ _2b\"></span>ments in operat<span class=\"_ _2b\"></span>ions that do n<span class=\"_ _0\"></span>ot have</div>\n<div class=\"t m0 x1a h4f y1afb ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"lse2 ws103\">uro as their<span class=\"_ _2\"></span> functional currency unless<span class=\"_ _2\"></span> the impact of potential<span class=\"_ _2\"></span> foreign </span></div>\n<div class=\"t m0 x1a h4f y1afc ff2d4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exchang<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>mov<span class=\"_ _0\"></span>ements is c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed beyon<span class=\"_ _0\"></span>d Ageas\u2019s Ri<span class=\"_ _0\"></span>sk Appeti<span class=\"_ _0\"></span>te.<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 313px; height: 146px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 313px; height: 793px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 313px; height: 793px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 313px; height: 793px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff2dc fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff2dc fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Unrealised gains <span class=\"_ _2\"></span>and losses included in <span class=\"_ _2\"></span>shareholders\u2019 equity <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff2da fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> sho<span class=\"wsfa\">ws the unrealised <span class=\"_ _2\"></span>gains and losses<span class=\"_ _2\"></span> included in sh<span class=\"_ _2\"></span>areholders\u2019 equity<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 973px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 336px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff2da fs3c fc10 sc0 ls109 ws12c\" style=\"left: 300px; bottom: 1003px; z-index: 15;\">Available<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 307px; bottom: 988px; z-index: 15;\">for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 288px; bottom: 973px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 426px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x153 h52 y603 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 368px; bottom: 1003px; z-index: 15;\">Reclassified to<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 365px; bottom: 988px; z-index: 15;\">held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 973px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y603 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 470px; bottom: 1003px; z-index: 15;\">Revaluation of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y608 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 467px; bottom: 988px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff2da fs3c fc10 sc0 lsec ws100\" style=\"left: 473px; bottom: 973px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 617px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y608 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 578px; bottom: 988px; z-index: 15;\">Cash flow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 588px; bottom: 973px; z-index: 15;\">hedges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 706px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y608 ff2da fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 688px; bottom: 988px; z-index: 15;\">DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 973px; z-index: 15;\">component<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2da fs3c fc10 sc0 lse7 ws109\" style=\"left: 775px; bottom: 973px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff2dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2da fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 943px; z-index: 15;\">(2,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 943px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 943px; z-index: 15;\">643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 943px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 943px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 943px; z-index: 15;\">(2,214)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 928px; z-index: 15;\">789<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 928px; z-index: 15;\">8</div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 928px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 928px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 928px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 928px; z-index: 15;\">790<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2da fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 913px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 913px; z-index: 15;\">281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 913px; z-index: 15;\">281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 898px; z-index: 15;\">(70)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 898px; z-index: 15;\">(70)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 883px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 883px; z-index: 15;\">435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 883px; z-index: 15;\">9</div>\n<div class=\"t m0 xbf h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 883px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 883px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 883px; z-index: 15;\">419<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Discretionary participation feature (DPF)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y70b ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 869px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x37e h52 y70b ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 869px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2de fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 854px; z-index: 15;\">(1,506)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 854px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 854px; z-index: 15;\">632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 854px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 854px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 854px; z-index: 15;\">(794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 779px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff2da fs3c fc10 sc0 ls109 ws12c\" style=\"left: 300px; bottom: 808px; z-index: 15;\">Available<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 307px; bottom: 793px; z-index: 15;\">for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 288px; bottom: 779px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5fc ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 368px; bottom: 808px; z-index: 15;\">Reclassified to<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 365px; bottom: 793px; z-index: 15;\">held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 779px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 470px; bottom: 808px; z-index: 15;\">Revaluation of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y647 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 467px; bottom: 793px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff2da fs3c fc10 sc0 lsec ws100\" style=\"left: 473px; bottom: 779px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5fc ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 617px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y647 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 578px; bottom: 793px; z-index: 15;\">Cash flow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 588px; bottom: 779px; z-index: 15;\">hedges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5fc ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 706px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y647 ff2da fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 688px; bottom: 793px; z-index: 15;\">DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 779px; z-index: 15;\">component<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 793px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5ff ff2da fs3c fc10 sc0 lse7 ws109\" style=\"left: 775px; bottom: 779px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2da fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 748px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 748px; z-index: 15;\">7,538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 748px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 748px; z-index: 15;\">1,133<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 613px; bottom: 748px; z-index: 15;\">5</div>\n<div class=\"t m0 x5d h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 748px; z-index: 15;\"> </div>\n<div class=\"t m0 x15f h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 748px; z-index: 15;\">8,645<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 733px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y605 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 733px; z-index: 15;\">(1,720)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 733px; z-index: 15;\">8</div>\n<div class=\"t m0 x1f4 h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 733px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 733px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 733px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 733px; z-index: 15;\">(1,712)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2da fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 718px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 718px; z-index: 15;\">(3,007)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 718px; z-index: 15;\">(3,007)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 704px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 704px; z-index: 15;\">770<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 704px; z-index: 15;\">770<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 689px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x15d h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 316px; bottom: 689px; z-index: 15;\">(875)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 689px; z-index: 15;\">9</div>\n<div class=\"t m0 x2b3 h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 689px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 613px; bottom: 689px; z-index: 15;\">3</div>\n<div class=\"t m0 x5d h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 689px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 689px; z-index: 15;\">(849)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 674px; z-index: 15;\">Discretionary participation feature (DPF)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 674px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 674px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2de fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 659px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 659px; z-index: 15;\">2,721<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 659px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 659px; z-index: 15;\">1,147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y60e ff2de fs3c fc10 sc0 ls0 ws0\" style=\"left: 613px; bottom: 659px; z-index: 15;\">8</div>\n<div class=\"t m0 x48 h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 659px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 659px; z-index: 15;\">3,847<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b0f ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b10 ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b11 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Changes i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the fai<span class=\"_ _2b\"></span>r value of derivativ<span class=\"_ _2b\"></span>es that are designat<span class=\"_ _2b\"></span>ed and qualify</div>\n<div class=\"t m0 x7 h4f y1b12 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a cash<span class=\"ls0 ws0\">-</span>flow h<span class=\"_ _0\"></span>edge are rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d as an unrea<span class=\"_ _0\"></span>lised gai<span class=\"_ _0\"></span>n or loss in</div>\n<div class=\"t m0 x7 h4f y1b13 ff2da fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shareholder<span class=\"_ _2\"></span>s\u2019 equity. Any hedge<span class=\"_ _2\"></span> ineffectiveness i<span class=\"_ _2\"></span>s immediately</div>\n<div class=\"t m0 x7 h4f y1b14 ff2da fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b15 ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b16 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ent<span class=\"_ _2b\"></span>ers into insuranc<span class=\"_ _0\"></span>e contracts<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>that<span class=\"_ _0\"></span> feature n<span class=\"_ _0\"></span>ot only a guara<span class=\"_ _2b\"></span>nteed</div>\n<div class=\"t m0 x7 h4f y1b17 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">part but als<span class=\"_ _2b\"></span>o other benefits,<span class=\"_ _0\"></span> of which the amo<span class=\"_ _2b\"></span>unts and the timing of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1b18 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">declarat<span class=\"_ _2b\"></span>ion and payment are s<span class=\"_ _0\"></span>olely at th<span class=\"_ _0\"></span>e discreti<span class=\"_ _2b\"></span>on of Ageas.</div>\n<div class=\"t m0 x1a h4f y1b19 ff2da fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Depending on<span class=\"_ _2\"></span> the cont<span class=\"ws103\">ractual<span class=\"_ _2\"></span> and statutory terms and condition<span class=\"_ _2\"></span>s, </span></div>\n<div class=\"t m0 x1a h4f y1b1a ff2da fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">unrealised chan<span class=\"_ _2\"></span>ges in the fair value of the as<span class=\"_ _2\"></span>set mix related to such</div>\n<div class=\"t m0 x1a h4f y1b1b ff2da fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts are,<span class=\"_ _2\"></span> after the application of shadow<span class=\"_ _2\"></span> accounting, reported in<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1b1c ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>olders\u2019 eq<span class=\"_ _0\"></span>uity und<span class=\"_ _0\"></span>er separ<span class=\"_ _0\"></span>ate discret<span class=\"_ _2b\"></span>ionary participat<span class=\"_ _2b\"></span>ion feature<span class=\"lse1\">s </span></div>\n<div class=\"t m0 x1a h4f y1b1d ff2da fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(DPF) a<span class=\"_ _0\"></span>nd in un<span class=\"_ _0\"></span>realise<span class=\"_ _0\"></span>d gains a<span class=\"_ _0\"></span>nd losses<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>ed to avai<span class=\"_ _2b\"></span>lable for sale</div>\n<div class=\"t m0 x1a h4f y1b1e ff2da fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 507px; height: 599px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 507px; height: 599px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 507px; height: 599px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 507px; height: 599px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The table <span class=\"_ _2\"></span>below shows changes<span class=\"_ _2\"></span> in gross unrea<span class=\"_ _2\"></span>lised gains and los<span class=\"_ _2\"></span>ses included in s<span class=\"_ _2\"></span>hareholders\u2019 equity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff2e0 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 403px; bottom: 1065px; z-index: 15;\">Available<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 410px; bottom: 1050px; z-index: 15;\">for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff2e0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 391px; bottom: 1035px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff2e0 fs3c fc10 sc0 ls109 ws125\" style=\"left: 472px; bottom: 1065px; z-index: 15;\">Reclassified to<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 469px; bottom: 1050px; z-index: 15;\">held to <span class=\"lse7 ws109\">maturi<span class=\"_ _0\"></span>ty<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x31c h52 y603 ff2e0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 1035px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff2e0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 562px; bottom: 1065px; z-index: 15;\">Revaluation of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 559px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff2e0 fs3c fc10 sc0 lsec ws100\" style=\"left: 566px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 668px; bottom: 1050px; z-index: 15;\">Cash flow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff2e0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 1035px; z-index: 15;\">hedges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y603 ff2e0 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 1035px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 439px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 529px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 619px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 707px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Gross unrealised gains (<span class=\"_ _0\"></span>losses) as at 1 Ja<span class=\"_ _0\"></span>nuary 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 1005px; z-index: 15;\">9,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 1005px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 1005px; z-index: 15;\">1,300<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1005px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1005px; z-index: 15;\">11,144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Changes in unrealised <span class=\"_ _0\"></span>gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">during the year</span> </div>\n<div class=\"t m0 x160 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 975px; z-index: 15;\">(2,175)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 975px; z-index: 15;\">(158)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 698px; bottom: 975px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 975px; z-index: 15;\">(2,304)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Reversal unrealised (gains) lo<span class=\"_ _0\"></span>sses because of sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 960px; z-index: 15;\">(182)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x15f h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 960px; z-index: 15;\">(182)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Reversal unrealised losses<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">because of impairments</span> </div>\n<div class=\"t m0 x146 h52 y5f9 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 428px; bottom: 931px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f9 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 931px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Acquisition and divestments o<span class=\"_ _2b\"></span>f<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 901px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity accounted investments</span> </div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 901px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 901px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 525px; bottom: 886px; z-index: 15;\">2</div>\n<div class=\"t m0 x5d h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 886px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 428px; bottom: 871px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 696px; bottom: 871px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 871px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Gross unrealised gains (<span class=\"_ _0\"></span>losses) as at 31 D<span class=\"_ _0\"></span>ecember 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 856px; z-index: 15;\">7,538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 856px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 856px; z-index: 15;\">1,133<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y601 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 703px; bottom: 856px; z-index: 15;\">5</div>\n<div class=\"t m0 x15e h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 856px; z-index: 15;\">8,645<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Changes in unrealised <span class=\"_ _0\"></span>gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 827px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">during the year</span> </div>\n<div class=\"t m0 x162 h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 827px; z-index: 15;\">(10,144)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 827px; z-index: 15;\">(489)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 827px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 763px; bottom: 827px; z-index: 15;\">(10,441)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Reversal unrealised (gains) lo<span class=\"_ _0\"></span>sses because of sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 812px; z-index: 15;\">(309)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x15f h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 812px; z-index: 15;\">(309)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Reversal unrealised losses<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 782px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">because of impairments</span> </div>\n<div class=\"t m0 x48 h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 423px; bottom: 782px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 782px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 767px; z-index: 15;\">Acquisition and divestments o<span class=\"_ _2b\"></span>f<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity accounted investments</span> </div>\n<div class=\"t m0 x48 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 423px; bottom: 752px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 752px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 752px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 525px; bottom: 738px; z-index: 15;\">1</div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 738px; z-index: 15;\">(93)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 738px; z-index: 15;\">(92)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 723px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 723px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 723px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Gross unrealised gains (<span class=\"_ _0\"></span>losses) as at 31 D<span class=\"_ _0\"></span>ecember 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 708px; z-index: 15;\">(2,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 708px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 708px; z-index: 15;\">643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 708px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 708px; z-index: 15;\">(2,214)<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h6a y1b29 ff2e3 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.6<span class=\"ls0 ws0\"> <span class=\"_ _46\"> </span></span>Dividend capacity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b2a ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The com<span class=\"_ _0\"></span>panies c<span class=\"_ _0\"></span>omprisi<span class=\"_ _2b\"></span>ng Ageas are sub<span class=\"_ _2b\"></span>ject to legal r<span class=\"_ _2b\"></span>estrictions</div>\n<div class=\"t m0 x7 h4f y1b2b ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">regarding the amou<span class=\"_ _2\"></span>nt of dividend they may pay to<span class=\"_ _2\"></span> their shareholders. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b2c ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b2d ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under the B<span class=\"_ _2\"></span>elgian Company Code<span class=\"_ _2\"></span>, 5% of a company<span class=\"_ _2\"></span>\u2019s annual net pro<span class=\"_ _2\"></span>fit</div>\n<div class=\"t m0 x7 h4f y1b2e ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">must be <span class=\"_ _0\"></span>placed i<span class=\"_ _0\"></span>n a legal <span class=\"_ _2b\"></span>reserve fund u<span class=\"_ _0\"></span>ntil th<span class=\"_ _0\"></span>is fu<span class=\"wsf0\">nd r<span class=\"_ _0\"></span>eaches 10% of<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x7 h4f y1b2f ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">share capit<span class=\"_ _2b\"></span>al. No dividends m<span class=\"_ _2b\"></span>ay be paid if the value of t<span class=\"_ _0\"></span>he company<span class=\"_ _0\"></span>\u2019s</div>\n<div class=\"t m0 x7 h4f y1b30 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">net asset<span class=\"_ _2b\"></span>s falls below,<span class=\"_ _0\"></span> or fol<span class=\"_ _0\"></span>lowing p<span class=\"_ _0\"></span>ayment of<span class=\"_ _0\"></span> a divi<span class=\"_ _0\"></span>dend wo<span class=\"_ _0\"></span>uld fall</div>\n<div class=\"t m0 x7 h4f y1b31 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">below, t<span class=\"_ _0\"></span>he sum of<span class=\"_ _0\"></span> its pai<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">up capital and non</span>-<span class=\"lse2 ws103\">di<span class=\"_ _2\"></span>stributable reserves.</span> </span></div>\n<div class=\"t m0 x7 h4f y1b32 ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b33 ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries and <span class=\"lse1\">a<span class=\"_ _0\"></span>ssoci<span class=\"lse2 wsf1\">ates<span class=\"ls0 ws0\"> </span></span><span class=\"lse0\">are also subject<span class=\"_ _0\"></span> to dividen<span class=\"_ _2b\"></span>d restrictions </span></span></div>\n<div class=\"t m0 x7 h4f y1b34 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">arising <span class=\"_ _2\"></span>from minimum capital a<span class=\"_ _2\"></span>nd solvency require<span class=\"_ _2\"></span>ments imposed by<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y1b35 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ors in t<span class=\"_ _0\"></span>he count<span class=\"_ _2b\"></span>ries in which <span class=\"lse2 wsf1\">they<span class=\"ls0 ws0\"> </span><span class=\"ws103\">operate and from share<span class=\"_ _2\"></span>holder </span></span></div>\n<div class=\"t m0 x7 h4f y1b36 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">agreem<span class=\"_ _0\"></span>ents wit<span class=\"_ _2b\"></span>h the partners i<span class=\"_ _0\"></span>n the com<span class=\"_ _0\"></span>pany. I<span class=\"_ _0\"></span>n certai<span class=\"_ _0\"></span>n situat<span class=\"_ _0\"></span>ions</div>\n<div class=\"t m0 x7 h4f y1b37 ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consensus between<span class=\"_ _2\"></span> the shareholders is require<span class=\"_ _2\"></span>d before dividend is</div>\n<div class=\"t m0 x7 h4f y1b38 ff2e0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b39 ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b3a ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In addition<span class=\"_ _2\"></span>, shareholder agreem<span class=\"_ _2\"></span>ents (related to<span class=\"_ _2\"></span> parties having a<span class=\"_ _2\"></span> non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1b3b ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">controlling<span class=\"_ _2\"></span> i<span class=\"lse0 wsf0\">nter<span class=\"_ _2b\"></span>est in Ageas subsidi<span class=\"_ _2b\"></span>aries) may include:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1b3c ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse1 wsf0\">speci<span class=\"_ _2\"></span>fic <span class=\"lse0 wsef\">artic<span class=\"_ _2b\"></span>les<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">on voting rights<span class=\"_ _0\"></span> or dividen<span class=\"_ _0\"></span>d distrib<span class=\"_ _0\"></span>ution;<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1b3d ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lsfb wsfa\">l<span class=\"_ _2\"></span>ock</span><span class=\"ff2e0\">-<span class=\"lse2 ws103\">up peri<span class=\"_ _2\"></span>ods during which all parties<span class=\"_ _2\"></span> having shares are not </span></span></span></div>\n<div class=\"t m0 x25a h4f y1b3e ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowed t<span class=\"_ _0\"></span>o sell shar<span class=\"_ _2b\"></span>es before a certain<span class=\"_ _0\"></span> period or with<span class=\"_ _2b\"></span>out the prior</div>\n<div class=\"t m0 x25a h4f y1b3f ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">approv<span class=\"_ _0\"></span>al of the <span class=\"lse2 wsfa\">other parties i<span class=\"_ _2\"></span>nvolved;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1b40 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse0 wsfa\">options to sel<span class=\"_ _0\"></span>l or resel<span class=\"_ _2b\"></span>l shares to th<span class=\"_ _0\"></span>e other p<span class=\"_ _0\"></span>arty (part<span class=\"_ _2b\"></span>ies) involv<span class=\"_ _0\"></span>ed in </span></span></div>\n<div class=\"t m0 x25a h4f y1b41 ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the shareholder<span class=\"_ _2\"></span>s agreement including the und<span class=\"_ _2\"></span>erlying calculation</div>\n<div class=\"t m0 x25a h4f y1b42 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy to value t<span class=\"_ _0\"></span>he shar<span class=\"_ _0\"></span>es;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b43 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse2 wsf1\">e<span class=\"_ _2\"></span>arn</span><span class=\"ff2e0\">-<span class=\"lse2 ws103\">out mechanisms<span class=\"_ _2\"></span> which allow the party original<span class=\"_ _2\"></span>ly selling <span class=\"wsf1\">the </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y1b44 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares to<span class=\"_ _2\"></span> additional revenues<span class=\"_ _2\"></span> when certain obje<span class=\"_ _2\"></span>ctives are realised;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b45 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse2 wsfa\">e<span class=\"_ _2\"></span>xclusivity clauses o<span class=\"_ _2\"></span>r non</span><span class=\"ff2e0\">-<span class=\"lse0 wsfa\">competiti<span class=\"_ _2b\"></span>on clauses rel<span class=\"_ _0\"></span>ated to <span class=\"_ _0\"></span>the sales<span class=\"_ _0\"></span> </span></span></span></div>\n<div class=\"t m0 x25a h4f y1b46 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of insuran<span class=\"_ _2\"></span>ce products.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b47 ff2e0 fs3a fc29 sc0 lse2 wsfa\" style=\"z-index: 15;\">Proposed di<span class=\"_ _2\"></span>vidend for 202<span class=\"ls0 ws0\">2<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y1b48 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Given th<span class=\"_ _2b\"></span>e continued st<span class=\"_ _0\"></span>rong ca<span class=\"_ _0\"></span>pital p<span class=\"lse2 ws103\">osition, th</span><span class=\"wsf0\">e Board of<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>ctors </span></div>\n<div class=\"t m0 x1a h4f y1b49 ff2e0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">proposes <span class=\"_ _2\"></span><span class=\"wsfa\">for approval at <span class=\"_ _2\"></span>the Annual Shareholder<span class=\"_ _2\"></span>s\u2019 Meeting, <span class=\"lse0\">a final </span></span></div>\n<div class=\"t m0 x1a h4f y1b4a ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d of EUR <span class=\"wsef\">1.50 <span class=\"wsfa\">pe<span class=\"_ _0\"></span>r share i<span class=\"_ _0\"></span>n additi<span class=\"_ _0\"></span>on to th<span class=\"_ _0\"></span>e EUR 1.50<span class=\"_ _2b\"></span> interim </span></span></div>\n<div class=\"t m0 x1a h4f y1b4b ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d paid i<span class=\"_ _0\"></span>n Octobe<span class=\"_ _0\"></span>r 2022. T<span class=\"_ _2b\"></span>his brings the t<span class=\"_ _2b\"></span>otal dividend <span class=\"lse2 ws103\">f<span class=\"_ _0\"></span>or 2022<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">to </span></span></span></div>\n<div class=\"t m0 x1a h4f y1b4c ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 3.00 p<span class=\"_ _0\"></span>er share, up 9%<span class=\"_ _0\"></span> compare<span class=\"_ _0\"></span>d to last year, r<span class=\"_ _2b\"></span>epresenting an</div>\n<div class=\"t m0 x1a h4f y1b4d ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of E<span class=\"_ _0\"></span>UR 54<span class=\"ls0 ws0\">1 </span><span class=\"wsfa\">million i<span class=\"_ _0\"></span>n divid<span class=\"_ _0\"></span>end paym<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\">.</span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 335px; height: 335px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 335px; height: 771px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 335px; height: 771px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 335px; height: 771px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 335px; height: 771px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff2e8 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff2e8 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Return on equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff2e6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas calc<span class=\"_ _2b\"></span>ulates return on e<span class=\"_ _0\"></span>quity by div<span class=\"_ _0\"></span>iding the n<span class=\"_ _0\"></span>et result fo<span class=\"_ _0\"></span>r the period b<span class=\"_ _0\"></span>y the net ave<span class=\"_ _0\"></span>rage equit<span class=\"_ _0\"></span>y at the begi<span class=\"_ _0\"></span>nning an<span class=\"_ _0\"></span>d th<span class=\"lse2 ws103\">e end of the period<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff2e9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a2 h52 y647 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 1018px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y647 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 1018px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5ff ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5ff ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2e6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Return on equity Insurance<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h52 y608 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y608 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 972px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">(excluding unrealised gains &amp; losses)</span> </div>\n<div class=\"t m0 x2a2 h52 y603 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 972px; z-index: 15;\">9.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y603 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 972px; z-index: 15;\">13.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 961px; height: 145px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x7 h6a y1b50 ff2e8 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1b51 ff2e8 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Earnings per share <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b52 ff2e6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble details the calculation<span class=\"_ _2\"></span> of earnings per share.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b53 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 847px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a2 h52 y5f4 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 847px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 847px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y608 ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 630px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h54 y608 ff2ea fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y632 ff2e9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o <span class=\"wsf4\">shareholders<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h54 y632 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 816px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y632 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 816px; z-index: 15;\">845<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5f2 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5f2 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff2e6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Weighted average number of o<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>dinary share<span class=\"_ _0\"></span>s for basic earnings per<span class=\"_ _0\"></span> share (in thousands)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h52 ydd0 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 786px; z-index: 15;\">184,162<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h52 ydd0 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 763px; bottom: 786px; z-index: 15;\">186,765<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2e6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 772px; z-index: 15;\">Adjustments for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h52 y5f9 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5f9 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 757px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">restricted shares (in thousands) ex<span class=\"_ _0\"></span>pected to be awarded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y60e ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 757px; z-index: 15;\">159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 757px; z-index: 15;\">140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2e9 fs3c fc10 sc0 lsee ws101\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Weighted average number of <span class=\"lse4 wsf3\">o<span class=\"_ _2\"></span>rdinary s<span class=\"_ _0\"></span>hares<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 630px; bottom: 742px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 742px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff2e9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 727px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">for dilut<span class=\"_ _2\"></span>ed earnings per share (in thousands)</span> </div>\n<div class=\"t m0 x2cb h54 y5f7 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 727px; z-index: 15;\">184,321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h54 y5f7 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 763px; bottom: 727px; z-index: 15;\">186,905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff2e6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Basic earnings per share (in euro per share)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f7 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 697px; z-index: 15;\">5.49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f7 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 697px; z-index: 15;\">4.52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2e6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Diluted earnings per sh<span class=\"_ _0\"></span>are (in euro per share<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5ff ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 682px; z-index: 15;\">5.48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5ff ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 682px; z-index: 15;\">4.52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b60 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b61 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b62 ff2e6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas shares<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">relat<span class=\"_ _2b\"></span>ed to <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>FRE<span class=\"_ _0\"></span>SH, as they<span class=\"_ _0\"></span> are not enti<span class=\"_ _0\"></span>tled to divi<span class=\"_ _0\"></span>dend </span></div>\n<div class=\"t m0 x7 h4f y1b63 ff2e6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">nor do th<span class=\"_ _0\"></span>ey have v<span class=\"_ _2b\"></span>oting rights, w<span class=\"_ _2b\"></span>ere excluded f<span class=\"_ _2b\"></span>rom the calcul<span class=\"_ _0\"></span>ation of</div>\n<div class=\"t m0 x7 h4f y1b64 ff2e6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">basic earnin<span class=\"_ _2\"></span>gs per share.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b65 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1b66 ff2e6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas sha<span class=\"_ _2b\"></span>res issued in relati<span class=\"_ _0\"></span>on to CASHE<span class=\"_ _2b\"></span>S are included in the or<span class=\"_ _0\"></span>dinary</div>\n<div class=\"t m0 x1a h4f y1b67 ff2e6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares alt<span class=\"_ _2\"></span>hough they are <span class=\"lse0\">not entitled t<span class=\"_ _2b\"></span>o dividend no<span class=\"_ _0\"></span>r do they h<span class=\"_ _2b\"></span>ave voting </span></div>\n<div class=\"t m0 x1a h4f y1b68 ff2e6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">rights.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 577px; height: 358px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 577px; height: 529px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 577px; height: 529px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 2%; bottom: 577px; height: 529px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">liabilit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h6a y1b6e ff2ee fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.1<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y1b6f ff2ee fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Lif<span class=\"_ _2\"></span>e insur<span class=\"_ _2\"></span>ance con<span class=\"_ _2\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25 h52 y605 ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 452px; bottom: 765px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y605 ff2ec fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 765px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff2ec fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 765px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff2ef fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff2ef fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 735px; z-index: 15;\">Liability for future polic<span class=\"_ _0\"></span>yholder benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 735px; z-index: 15;\">25,350<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 735px; z-index: 15;\">26,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ec fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 720px; z-index: 15;\">Reser<span class=\"_ _2\"></span>ve for <span class=\"_ _2\"></span><span class=\"lse4 wsf6\">policyhold<span class=\"_ _0\"></span>er profit sharing<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 720px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 720px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 705px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 705px; z-index: 15;\">(46)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 705px; z-index: 15;\">1,884<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2f0 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 690px; z-index: 15;\">Before<span class=\"_ _2b\"></span> eliminati<span class=\"_ _0\"></span>ons<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f4 ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 690px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f4 ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 690px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 676px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 676px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 676px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2f0 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 661px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 661px; z-index: 15;\">25,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 661px; z-index: 15;\">28,673<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 646px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 646px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 646px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 631px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 631px; z-index: 15;\">25,518<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 631px; z-index: 15;\">28,660<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 620px; height: 154px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1b7a ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b7b ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b7c ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Changes i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the li<span class=\"_ _0\"></span>abiliti<span class=\"_ _2b\"></span>es arising from Life in<span class=\"_ _2b\"></span>surance contra<span class=\"_ _0\"></span>cts (gross<span class=\"_ _0\"></span> of reinsur<span class=\"_ _2b\"></span>ance and before <span class=\"lse2 ws103\">eliminations) are shown belo<span class=\"_ _2\"></span>w.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1b7d ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5fc ff2ec fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 552px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff2ec fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 552px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff2ef fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff2ef fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 522px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 522px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 522px; z-index: 15;\">29,990<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 507px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 507px; z-index: 15;\">(3,080)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2ec fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 492px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 492px; z-index: 15;\">2,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 492px; z-index: 15;\">2,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 477px; z-index: 15;\">Acquisitions of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 477px; z-index: 15;\">1,187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 463px; z-index: 15;\">Time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 463px; z-index: 15;\">547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 463px; z-index: 15;\">601<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 448px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 448px; z-index: 15;\">(1,449)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 448px; z-index: 15;\">(1,783)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 433px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 433px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 433px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 418px; z-index: 15;\">Shadow accounting adjustmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 418px; z-index: 15;\">(1,559)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 418px; z-index: 15;\">(1,350)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 403px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 403px; z-index: 15;\">(118)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 403px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 388px; z-index: 15;\">Other <span class=\"wsf3\">changes, including risk coverage<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 388px; z-index: 15;\">(785)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 388px; z-index: 15;\">(711)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 373px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 373px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 373px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b8b ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b8c ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b8d ff2ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The shadow accoun<span class=\"_ _2\"></span>ting adjustment is a reflection<span class=\"_ _2\"></span> of the unrealised</div>\n<div class=\"t m0 x7 h4f y1b8e ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses on t<span class=\"_ _0\"></span>he investm<span class=\"_ _0\"></span>ent portf<span class=\"_ _2b\"></span>olio. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b8f ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b90 ff2ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The line item<span class=\"_ _2\"></span> \u2018Other changes, including ris<span class=\"_ _2\"></span>k coverage\u2019, mainly rela<span class=\"_ _2\"></span>tes to</div>\n<div class=\"t m0 x7 h4f y1b91 ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce and actu<span class=\"_ _0\"></span>arial risk<span class=\"_ _0\"></span> consumpt<span class=\"_ _2b\"></span>ion regarding <span class=\"lse2 wsfa\">guarantees included </span></div>\n<div class=\"t m0 x7 h4f y1b92 ff2ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the c<span class=\"_ _0\"></span>ontracts,<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e vary to<span class=\"_ _0\"></span>gether w<span class=\"_ _2b\"></span>ith the volumes.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">  </span></div>\n<div class=\"t m0 x7 h4f y1b93 ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1b94 ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse2 wsfa\">he eff<span class=\"_ _2\"></span>ect of changes in<span class=\"_ _2\"></span> assumptions used <span class=\"_ _2\"></span>to measure the li<span class=\"_ _2\"></span>abilities </span></div>\n<div class=\"t m0 x1a h4f y1b95 ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related t<span class=\"_ _0\"></span>o Life insu<span class=\"_ _0\"></span>rance cont<span class=\"_ _2b\"></span>racts was immater<span class=\"_ _2b\"></span>ial in both <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>and<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y1b96 ff2ec fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2021<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 221px; height: 740px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 221px; height: 740px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 221px; height: 740px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 221px; height: 740px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 221px; height: 740px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff2f5 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls100 ws11a\">.2<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff2f5 fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Lif<span class=\"_ _2\"></span>e inves<span class=\"_ _2\"></span>tment con<span class=\"_ _2\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y601 ff2f3 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff2f3 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2f6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2f6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Liability for future polic<span class=\"_ _0\"></span>yholder benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1019px; z-index: 15;\">28,356<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">29,256<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Reserve for policyholder profit sharing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1004px; z-index: 15;\">336<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1004px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Shadow <span class=\"lsef ws10a\">acc<span class=\"_ _2\"></span>ounting<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5f2 ff2f3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 989px; z-index: 15;\">8</div>\n<div class=\"t m0 x17 h52 y5f2 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">1,075<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff2f7 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y603 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 974px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y603 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 974px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 963px; height: 95px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1b9e ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b9f ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 927px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y638 ff2f3 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 927px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y638 ff2f3 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 927px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff2f6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff2f6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 897px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 897px; z-index: 15;\">31,629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff2f3 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 882px; z-index: 15;\">1,712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 882px; z-index: 15;\">1,928<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 867px; z-index: 15;\">Time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 867px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 867px; z-index: 15;\">319<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 852px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 852px; z-index: 15;\">(2,034)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 852px; z-index: 15;\">(2,289)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 837px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 837px; z-index: 15;\">(244)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 837px; z-index: 15;\">(255)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 822px; z-index: 15;\">Shadow accounting adjustmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 822px; z-index: 15;\">(1,067)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 822px; z-index: 15;\">(632)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 808px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 808px; z-index: 15;\">(587)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 808px; z-index: 15;\">(83)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 793px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 793px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 793px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1baa ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bab ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bac ff2f3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The shadow accoun<span class=\"_ _2\"></span>ting adjustment is a reflection<span class=\"_ _2\"></span> of the unrealised</div>\n<div class=\"t m0 x7 h4f y1bad ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses in th<span class=\"_ _0\"></span>e investme<span class=\"_ _0\"></span>nt portfol<span class=\"_ _2b\"></span>io. The transfer of li<span class=\"_ _2b\"></span>abilities</div>\n<div class=\"t m0 x7 h4f y1bae ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">mainly rel<span class=\"_ _2b\"></span>ates to internal mov<span class=\"_ _2b\"></span>ements between p<span class=\"_ _2b\"></span>roduct portfoli<span class=\"_ _0\"></span>os. The</div>\n<div class=\"t m0 x7 h4f y1baf ff2f3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">line item \u2018Other<span class=\"_ _2\"></span> changes, including risk cov<span class=\"_ _2\"></span>erage\u2019, mainly relates<span class=\"_ _2\"></span> to</div>\n<div class=\"t m0 x7 h4f y1bb0 ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce and actu<span class=\"_ _0\"></span>arial risk<span class=\"_ _0\"></span> consumpt<span class=\"_ _2b\"></span>ion regarding gua<span class=\"_ _2b\"></span>rantees include<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x7 h4f y1bb1 ff2f3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the c<span class=\"_ _0\"></span>ontracts,<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e vary to<span class=\"_ _0\"></span>gether w<span class=\"_ _2b\"></span>ith the volumes.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bb2 ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1bb3 ff2f3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The effect <span class=\"_ _2\"></span>of changes in a<span class=\"_ _2\"></span>ssumptions used to<span class=\"_ _2\"></span> measure the liabi<span class=\"_ _2\"></span>lities</div>\n<div class=\"t m0 x1a h4f y1bb4 ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related t<span class=\"_ _0\"></span>o Life inve<span class=\"_ _0\"></span>stment<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">cont<span class=\"_ _2b\"></span>racts was immat<span class=\"_ _0\"></span>erial i<span class=\"_ _0\"></span>n <span class=\"wsef\">both <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>and </span></span></span></div>\n<div class=\"t m0 x1a h4f y1bb5 ff2f3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2021<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 640px; height: 466px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 640px; height: 466px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 640px; height: 466px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 640px; height: 466px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 640px; height: 466px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff2fb fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.3<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff2fb fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Liabilities <span class=\"_ _2\"></span>related to unit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls126 ws14b\">linked contracts</span> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y601 ff2f9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff2f9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1019px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1019px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1004px; z-index: 15;\">13,751<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1004px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff2fc fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 989px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 989px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 978px; height: 80px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1bc6 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bc7 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bc8 ff2f9 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties related to unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1bc9 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y1550 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 910px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 910px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 880px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 880px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 880px; z-index: 15;\">2,904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 865px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 865px; z-index: 15;\">(1,620)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 850px; z-index: 15;\">196<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 850px; z-index: 15;\">394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Acquisitions of <span class=\"wsf4\">subsidiaries<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 835px; z-index: 15;\">514<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Changes in fair value / time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 821px; z-index: 15;\">(263)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 821px; z-index: 15;\">280<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 806px; z-index: 15;\">(47)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 806px; z-index: 15;\">(204)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 791px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 791px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 791px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 776px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y656 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 776px; z-index: 15;\">(51)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y656 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 761px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 761px; z-index: 15;\">(75)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 761px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 746px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 746px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 746px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bd0 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bd1 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bd2 ff2f9 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties related to unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked invest<span class=\"_ _0\"></span>ment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y1bd3 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y647 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 668px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 668px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 637px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 637px; z-index: 15;\">14,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 622px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 622px; z-index: 15;\">1,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 622px; z-index: 15;\">1,825<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Changes in fair value / time <span class=\"wsf4\">value<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 608px; z-index: 15;\">(2,215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 608px; z-index: 15;\">1,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 593px; z-index: 15;\">(1,063)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 593px; z-index: 15;\">(1,809)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 578px; z-index: 15;\">265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 578px; z-index: 15;\">367<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 563px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 563px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 548px; z-index: 15;\">(115)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 548px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 533px; z-index: 15;\">13,751<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 533px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bde ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bdf ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be0 ff2f9 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">transfer of lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span> mainly ref<span class=\"_ _0\"></span>lects int<span class=\"_ _0\"></span>ernal mov<span class=\"_ _0\"></span>ements bet<span class=\"_ _2b\"></span>ween different<span class=\"_ _0\"></span> product<span class=\"_ _0\"></span> contract<span class=\"_ _2b\"></span>s. The line item \u2018Othe<span class=\"_ _0\"></span>r changes,<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">including <span class=\"_ _2\"></span>risk coverage\u2019, </span></span></span></div>\n<div class=\"t m0 x7 h4f y1be1 ff2f9 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">mainly r<span class=\"_ _2b\"></span>elates to insu<span class=\"_ _0\"></span>rance a<span class=\"_ _0\"></span>nd actua<span class=\"_ _0\"></span>rial risk<span class=\"_ _0\"></span> consum<span class=\"_ _2b\"></span>ption, for com<span class=\"_ _2b\"></span>plementary gu<span class=\"_ _0\"></span>arantee<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ded in t<span class=\"_ _0\"></span>he<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">contracts.</span> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 460px; height: 646px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 460px; height: 646px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 460px; height: 646px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 460px; height: 646px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 460px; height: 646px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff301 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls100 ws11a\">.4<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff301 fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Non<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"ls101 ws11b\">life insurance contracts</span> </span></div>\n<div class=\"t m0 x7 h4f y79e ff2ff fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides a<span class=\"_ _0\"></span>n overv<span class=\"_ _0\"></span>iew of t<span class=\"_ _0\"></span>he liabil<span class=\"_ _2b\"></span>ities arising f<span class=\"_ _0\"></span>rom Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life insu<span class=\"_ _0\"></span>rance co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y79f ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1018px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff302 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff302 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Claims reserves<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 987px; z-index: 15;\">7,783<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 987px; z-index: 15;\">7,620<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Unearned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,611<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 972px; z-index: 15;\">1,730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Reserve for policyholder profit sharing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 958px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 958px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 943px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 943px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff303 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Before<span class=\"_ _2b\"></span> eliminati<span class=\"_ _0\"></span>ons<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">9,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 928px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 913px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff303 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 898px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 898px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 883px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 883px; z-index: 15;\">(818)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 883px; z-index: 15;\">(789)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 869px; z-index: 15;\">7,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 869px; z-index: 15;\">7,100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 858px; height: 169px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1be4 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be5 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be6 ff2ff fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Changes in <span class=\"_ _2\"></span>the <span class=\"ws103\">liabilities ari<span class=\"_ _2\"></span>sing from insurance contrac<span class=\"_ _2\"></span>ts for Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life insur<span class=\"_ _2b\"></span>ance contracts (g<span class=\"_ _0\"></span>ross of rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e and before elimin<span class=\"_ _0\"></span>ations) ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>show<span class=\"_ _2b\"></span>n below.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1be7 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y60e ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 790px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y60e ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 790px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff302 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff303 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y63a ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y63a ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 759px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y63a ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 759px; z-index: 15;\">8,744<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 745px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 730px; z-index: 15;\">Addition to liabilities cu<span class=\"_ _0\"></span>rrent year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 730px; z-index: 15;\">3,189<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 730px; z-index: 15;\">3,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Claims paid current ye<span class=\"_ _0\"></span>ar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 715px; z-index: 15;\">(1,488)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 715px; z-index: 15;\">(1,481)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 700px; z-index: 15;\">Change in liabilities curren<span class=\"_ _0\"></span>t year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 700px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 700px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 700px; z-index: 15;\">1,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 700px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 685px; z-index: 15;\">Addition to liabilities pri<span class=\"_ _0\"></span>or years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 685px; z-index: 15;\">(276)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 685px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 685px; z-index: 15;\">(285)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 685px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 670px; z-index: 15;\">Claims paid prior years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 670px; z-index: 15;\">(1,217)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 670px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 670px; z-index: 15;\">(1,066)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 670px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 655px; z-index: 15;\">Change in <span class=\"wsf6\">liabilities prior years<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 655px; z-index: 15;\">(1,493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 655px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 655px; z-index: 15;\">(1,351)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 655px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Change in liabilities (current and<span class=\"_ _2b\"></span> prior years)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 641px; z-index: 15;\">208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 641px; z-index: 15;\">300<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 626px; z-index: 15;\">(44)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 626px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 611px; z-index: 15;\">(108)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 611px; z-index: 15;\">(70)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 596px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 596px; z-index: 15;\">(135)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 596px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 581px; z-index: 15;\">Shadow accounting <span class=\"lsec wsfe\">adjustme<span class=\"_ _2\"></span>nt<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y70b ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 581px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 566px; z-index: 15;\">Other changes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 566px; z-index: 15;\">146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 566px; z-index: 15;\">307<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5fc ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 552px; z-index: 15;\">9,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5fc ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 552px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 541px; height: 565px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 541px; height: 565px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 541px; height: 565px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 541px; height: 565px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 541px; height: 565px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div></div>\n<div></div>\n<div></div>\n<div></div>\n<div class=\"t m0 x7 h6a y79c ff307 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.5<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff307 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Insurance Liabilities Adequacy<span class=\"_ _0\"></span> Testing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff305 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tests ca<span class=\"_ _2b\"></span>rried out at <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>year<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"ws103\">end have confirmed tha<span class=\"_ _2\"></span>t the reported <span class=\"wsfa\">insurance l<span class=\"_ _2\"></span>iabilities are<span class=\"_ _2\"></span> adequate.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1bfd ff305 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Overvie<span class=\"_ _2b\"></span>w <span class=\"_ _2\"></span>of ins<span class=\"_ _2b\"></span>urance liabiliti<span class=\"_ _2b\"></span>es by operating se<span class=\"_ _0\"></span>gment <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f5 ff305 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es an ove<span class=\"_ _0\"></span>rview of<span class=\"_ _0\"></span> the lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es by ope<span class=\"_ _0\"></span>rating s<span class=\"_ _2b\"></span>egment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f6 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 xe6 h52 y5ff ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 571px; bottom: 970px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x1f4 h52 y608 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 956px; z-index: 15;\">gross <span class=\"wsf6\">liability split:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x304 h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h52 y5ff ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 970px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x7 h52 y608 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 723px; bottom: 956px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x14d h52 y605 ff305 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 925px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 409px; bottom: 940px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11d h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 398px; bottom: 925px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x9 h52 y603 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 940px; z-index: 15;\">Unearned <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x19d h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 925px; z-index: 15;\">P<span class=\"lsed ws12d\">remium</span> </div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 574px; bottom: 940px; z-index: 15;\">Claims <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 552px; bottom: 925px; z-index: 15;\">O<span class=\"lse4 wsf4\">utstanding</span> </div>\n<div class=\"t m0 x19e h52 y603 ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 633px; bottom: 940px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 925px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 706px; bottom: 940px; z-index: 15;\">Unit<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x220 h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 698px; bottom: 925px; z-index: 15;\">L<span class=\"lse4 wsf4\">inked</span> </div>\n<div class=\"t m0 x11e h52 y603 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 940px; z-index: 15;\">Life <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 748px; bottom: 925px; z-index: 15;\">Guaranteed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 895px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 895px; z-index: 15;\">4,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 895px; z-index: 15;\">387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 895px; z-index: 15;\">4,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 895px; z-index: 15;\">59,434<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 895px; z-index: 15;\">11,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 895px; z-index: 15;\">48,379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 880px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 880px; z-index: 15;\">3,317<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 880px; z-index: 15;\">795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 880px; z-index: 15;\">2,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 880px; z-index: 15;\">9,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 880px; z-index: 15;\">4,280<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 880px; z-index: 15;\">4,750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff305 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 865px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 865px; z-index: 15;\">1,575<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 710px; bottom: 865px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 865px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 850px; z-index: 15;\">1,712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 850px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 850px; z-index: 15;\">1,283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 850px; z-index: 15;\">2</div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 850px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 850px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 835px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y70b ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 572px; bottom: 835px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 835px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y70b ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 835px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 820px; z-index: 15;\">Insurance total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 820px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 820px; z-index: 15;\">1,611<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 820px; z-index: 15;\">6,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 820px; z-index: 15;\">70,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 820px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11c h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 820px; z-index: 15;\">54,222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe6 h52 y656 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 571px; bottom: 773px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x1f4 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 530px; bottom: 759px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y656 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 773px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 723px; bottom: 759px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 728px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 409px; bottom: 743px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11d h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 398px; bottom: 728px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 743px; z-index: 15;\">Unearned<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x304 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 728px; z-index: 15;\">premium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 574px; bottom: 743px; z-index: 15;\">Claims <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f9 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 728px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5fc ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 633px; bottom: 743px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 728px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 706px; bottom: 743px; z-index: 15;\">Unit<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 728px; z-index: 15;\">linked<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 743px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 748px; bottom: 728px; z-index: 15;\">Guaranteed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c08 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c09 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 743px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5fc ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 698px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 698px; z-index: 15;\">4,345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 698px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 698px; z-index: 15;\">3,933<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 698px; z-index: 15;\">63,003<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 698px; z-index: 15;\">12,387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 698px; z-index: 15;\">50,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 683px; z-index: 15;\">3,449<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 683px; z-index: 15;\">908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 683px; z-index: 15;\">2,541<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 683px; z-index: 15;\">15,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 683px; z-index: 15;\">6,515<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 683px; z-index: 15;\">8,676<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 668px; z-index: 15;\">1,643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 668px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 668px; z-index: 15;\">1,184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 668px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 668px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 653px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 653px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 572px; bottom: 653px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 653px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 713px; bottom: 653px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 653px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff309 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Insurance total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 638px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 638px; z-index: 15;\">1,730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 638px; z-index: 15;\">6,110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 638px; z-index: 15;\">78,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 638px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 638px; z-index: 15;\">59,290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 627px; height: 479px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 627px; height: 479px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 627px; height: 479px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 627px; height: 479px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 627px; height: 479px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Su<span class=\"_ _2\"></span>bordin<span class=\"_ _2\"></span>a<span class=\"_ _2b\"></span>ted<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">liabilit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x66 h52 y1550 ff30b fs3c fc10 sc0 lsec ws100\" style=\"left: 550px; bottom: 816px; z-index: 15;\">31 Dec<span class=\"_ _2\"></span>em<span class=\"lse4 wsf3\">ber 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y1550 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff30b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Issued by Ageasfinlux S.A.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y608 ff30d fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y608 ff30d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">FRESH Restricted Tier 1 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 786px; z-index: 15;\">151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 786px; z-index: 15;\">384<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Issued by <span class=\"ls0 ws0\">A</span><span class=\"wsf4\">geas <span class=\"lse6 wsf7\">SA/NV<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x16 h52 y5f9 ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5f9 ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Perpetual Subordinated Fixed Rate Resettable Temporary Write<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">Down Restricted<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x16 h52 y60e ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y60e ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsec ws100\">Ti<span class=\"_ _2\"></span>er 1 Notes</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 741px; z-index: 15;\">744<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 741px; z-index: 15;\">744<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Subordinated Fixed to <span class=\"wsf3\">Floating Rate Tie<span class=\"_ _0\"></span>r 2 Notes<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 727px; z-index: 15;\">991<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 727px; z-index: 15;\">989<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff30b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Issued by AG Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5fc ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5fc ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff30b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Subordinated Fixed to <span class=\"_ _0\"></span>Floating Rate Tier 2 Lo<span class=\"_ _0\"></span>an<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 697px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 697px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Fixed Rate Reset Dated Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 682px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 682px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Fixed to Floating Callable Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 667px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 667px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff30b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Issued by Millenniumbcp Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y180c ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y180c ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Fixed to Floating Rate Callable Subordinated Restricted Tier 1 Loan<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 637px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff30e fs3c fc10 sc0 lse8 wsf9\" style=\"left: 69px; bottom: 623px; z-index: 15;\">Total subordinated liabi<span class=\"_ _2\"></span>lities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y603 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 623px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y603 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 623px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c16 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c17 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 576px; z-index: 15;\"> </div>\n<div class=\"t m0 x45 h52 y605 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 549px; bottom: 576px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 576px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff30e fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff30e fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y603 ff30d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff30e fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 545px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y5f2 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 545px; z-index: 15;\">2,758<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Proceeds from <span class=\"lsef ws10a\">issua<span class=\"_ _2\"></span>nce<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y632 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y632 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Redemption<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 515px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5f2 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 515px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 500px; z-index: 15;\">Realised Gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 ydd0 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 ydd0 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 486px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span><span class=\"wsf6\">(see 20.1 below for more details)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 486px; z-index: 15;\">(231)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 486px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff30e fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 471px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 471px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y60e ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 471px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c18 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c19 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c1a ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Most of the out<span class=\"_ _2b\"></span>standing subor<span class=\"_ _2b\"></span>dinated liabil<span class=\"_ _0\"></span>ities as at 31 D<span class=\"_ _0\"></span>ecember 2<span class=\"_ _0\"></span>022 are posit<span class=\"_ _2b\"></span>ions with a maturity<span class=\"_ _0\"></span> of more tha<span class=\"_ _0\"></span>n 5 years.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c1b ff30f fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c1c ff30f fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">FRESH Grandfathere<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\"> <span class=\"ls101 ws11b\">Restricted Tier 1 Notes</span> </span></div>\n<div class=\"t m0 x7 h4f y1c1d ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 7 May 2002,<span class=\"_ _0\"></span> Ageasfi<span class=\"_ _0\"></span>nlux S.A. i<span class=\"_ _0\"></span>ssued und<span class=\"_ _0\"></span>ated Flo<span class=\"_ _0\"></span>ating Rat<span class=\"_ _0\"></span>e Equity<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1c1e ff30b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">linked S<span class=\"_ _0\"></span>ubordi<span class=\"_ _0\"></span>nated Hy<span class=\"_ _2b\"></span>brid capital s<span class=\"_ _2b\"></span>ecurities (FR<span class=\"_ _0\"></span>ESH) for <span class=\"_ _2b\"></span>a to<span class=\"lsfc ws115\">tal<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1c1f ff30b fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">principal am<span class=\"_ _2\"></span>ount of EUR<span class=\"ls0 ws0\"> </span><span class=\"ws103\">1,250<span class=\"_ _2\"></span> million at a floating rate<span class=\"_ _2\"></span> of 3<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">mont<span class=\"_ _0\"></span>h </span></span></span></div>\n<div class=\"t m0 x7 h4f y1c20 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Euribor + 1<span class=\"_ _0\"></span>35 basis poi<span class=\"_ _2b\"></span>nts. The securiti<span class=\"_ _2b\"></span>es have no maturity<span class=\"_ _0\"></span> date, but</div>\n<div class=\"t m0 x7 h4f y1c21 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">may be exch<span class=\"_ _0\"></span>anged<span class=\"_ _0\"></span> for Ageas sha<span class=\"_ _0\"></span>res at a price of E<span class=\"_ _0\"></span>UR 315 per s<span class=\"_ _0\"></span>hare at</div>\n<div class=\"t m0 x7 h4f y1c22 ff30b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the discretion<span class=\"_ _2\"></span> of the holder. The securities<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">wil<span class=\"_ _0\"></span>l automat<span class=\"_ _2b\"></span>ically convert int<span class=\"_ _0\"></span>o </span></div>\n<div class=\"t m0 x7 h4f y1c23 ff30b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas shares i<span class=\"_ _2\"></span>f the price of the Ageas share<span class=\"_ _2\"></span> is equal to or higher than</div>\n<div class=\"t m0 x7 h4f y1c24 ff30b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EUR 472.<span class=\"_ _2b\"></span>50 on twenty c<span class=\"_ _2b\"></span>onsecutive st<span class=\"_ _0\"></span>ock exch<span class=\"_ _0\"></span>ange bus<span class=\"_ _0\"></span>iness da<span class=\"_ _2b\"></span>ys. The</div>\n<div class=\"t m0 x7 h4f y1c25 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies qualif<span class=\"_ _0\"></span>y as Grandf<span class=\"_ _2b\"></span>athered Tier 1 capit<span class=\"_ _2b\"></span>al under Solvency<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">II and </span></span></div>\n<div class=\"t m0 x7 h4f y1c26 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are rated A<span class=\"_ _0\"></span><span class=\"ls0 ws0\">- <span class=\"lse2 wsfa\">by<span class=\"_ _2\"></span> Standard &amp; Poor\u2019<span class=\"_ _2\"></span>s, Baa2 by Moody\u2019<span class=\"_ _2\"></span>s and BBB by Fi<span class=\"_ _2\"></span>tch.</span> </span></div>\n<div class=\"t m0 x7 h4f y1c27 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c28 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The secur<span class=\"_ _0\"></span>ities wer<span class=\"_ _0\"></span>e issued by A<span class=\"_ _0\"></span>geasfinl<span class=\"_ _2b\"></span>ux S.A., with <span class=\"lse2 wsf1\">Ageas <span class=\"ls107 ws122\">SA/NV </span></span></div>\n<div class=\"t m0 x1a h4f y1c29 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">acting as c<span class=\"_ _0\"></span>o<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">obligor. The<span class=\"_ _2\"></span> principal amount of the sec<span class=\"_ _2\"></span>urities will not be </span></span></div>\n<div class=\"t m0 x1a h4f y1c2a ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">repaid in ca<span class=\"_ _0\"></span>sh. The so<span class=\"_ _0\"></span>le recours<span class=\"_ _0\"></span>e of the hold<span class=\"_ _0\"></span>ers of the FR<span class=\"_ _0\"></span>ES<span class=\"lse2 wsfa\">H against </span></div>\n<div class=\"t m0 x1a h4f y1c2b ff30b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the co<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">obligors with res<span class=\"_ _2b\"></span>pect to the princip<span class=\"_ _0\"></span>al amount ar<span class=\"_ _0\"></span>e the <span class=\"lse2 wsf1\">currently </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c2c ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding 1.2 <span class=\"ls102 ws11d\">million<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">Ageas share<span class=\"_ _2\"></span>s that Ageasfinlux</span> </span></span>S.A. pledged in</div>\n<div class=\"t m0 x1a h4f y1c2d ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">favour of s<span class=\"_ _0\"></span>uch hold<span class=\"_ _0\"></span>ers. Pendi<span class=\"_ _2b\"></span>ng the exchange of the F<span class=\"_ _0\"></span>RESH for Ag<span class=\"_ _2b\"></span>eas</div>\n<div class=\"t m0 x1a h4f y1c2e ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shares, t<span class=\"_ _0\"></span>hese Age<span class=\"_ _0\"></span>as shares do not<span class=\"_ _0\"></span> hav<span class=\"wsfa\">e any <span class=\"_ _2b\"></span>dividend right<span class=\"_ _2b\"></span>s or voting </span></div>\n<div class=\"t m0 x1a h4f y1c2f ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rights (th<span class=\"_ _2b\"></span>e reported number of<span class=\"_ _0\"></span> outstan<span class=\"_ _0\"></span>ding Age<span class=\"_ _0\"></span>as shares<span class=\"_ _0\"></span> as at</div>\n<div class=\"t m0 x1a h4f y1c30 ff30b fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span>Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">2022 alrea<span class=\"_ _0\"></span>dy includ<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>the 1.<span class=\"_ _2b\"></span>2<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion</span> <span class=\"lse2 ws103\">Ageas shar<span class=\"_ _2\"></span>es issued </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c31 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for the pur<span class=\"_ _0\"></span>pose of such ex<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 161px; height: 800px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 161px; height: 800px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 161px; height: 800px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 161px; height: 800px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the ev<span class=\"_ _0\"></span>ent that <span class=\"_ _2b\"></span>dividends ar<span class=\"_ _0\"></span>e not pa<span class=\"_ _0\"></span>id on th<span class=\"_ _0\"></span>e Ageas s<span class=\"_ _0\"></span>hares, <span class=\"_ _0\"></span>or that t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y803 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds to be decla<span class=\"_ _2b\"></span>red are below a thres<span class=\"_ _0\"></span>hold wit<span class=\"_ _0\"></span>h respect to any<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al year (div<span class=\"_ _2b\"></span>idend yield less th<span class=\"_ _0\"></span>an 0.5%) an<span class=\"_ _0\"></span>d in certain ot<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x7 h4f y805 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">exceptional ci<span class=\"_ _2\"></span>rcumstances, payment of coupon<span class=\"_ _2\"></span>s w<span class=\"wsfa\">ill be made in </span></div>\n<div class=\"t m0 x7 h4f y806 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">accorda<span class=\"_ _2b\"></span>nce with the so<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">cal<span class=\"_ _0\"></span>led alte<span class=\"_ _0\"></span>rnative co<span class=\"_ _0\"></span>upon sett<span class=\"_ _0\"></span>lement<span class=\"_ _0\"></span> method </span></div>\n<div class=\"t m0 x7 h4f y807 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(ACSM). The<span class=\"_ _2\"></span> ACSM implies tha<span class=\"_ _2\"></span>t new Ageas shares <span class=\"_ _2\"></span>will be issued <span class=\"_ _2\"></span>and</div>\n<div class=\"t m0 x7 h4f y808 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deliver<span class=\"_ _0\"></span>ed to the hol<span class=\"_ _0\"></span>ders of the FR<span class=\"_ _0\"></span>ESH. To dat<span class=\"_ _0\"></span>e all coupo<span class=\"_ _0\"></span>ns have be<span class=\"_ _0\"></span>en</div>\n<div class=\"t m0 x7 h4f y809 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">paid in c<span class=\"_ _0\"></span>ash. If t<span class=\"_ _2b\"></span>he ACSM is tri<span class=\"_ _2b\"></span>ggered <span class=\"wsf0\">and there is i<span class=\"_ _0\"></span>nsuffi<span class=\"_ _0\"></span>cient avai<span class=\"_ _0\"></span>lable </span></div>\n<div class=\"t m0 x7 h4f y80a ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">authoris<span class=\"_ _2b\"></span>ed capital to e<span class=\"_ _0\"></span>nable <span class=\"lse2 wsf1\">Ageas <span class=\"wsfa\">SA/NV to mee<span class=\"_ _2\"></span>t the ACSM obligation<span class=\"_ _2\"></span>, </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cou<span class=\"_ _0\"></span>pon sett<span class=\"_ _0\"></span>lement w<span class=\"_ _2b\"></span>ill be postpon<span class=\"_ _0\"></span>ed until s<span class=\"_ _2b\"></span>uch time as the <span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> to</div>\n<div class=\"t m0 x7 h4f y80c ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">issue sh<span class=\"_ _0\"></span>ares is r<span class=\"_ _2b\"></span>estor<span class=\"lse2 wsf1\">ed.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y80d ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80e ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 19 No<span class=\"_ _0\"></span>vember <span class=\"_ _0\"></span>2019 Ag<span class=\"_ _0\"></span>eas launc<span class=\"_ _2b\"></span>hed, through <span class=\"_ _0\"></span>its whol<span class=\"_ _0\"></span>ly owne<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y80f ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subsidi<span class=\"_ _0\"></span>ary Agea<span class=\"_ _2b\"></span>sfinlux S.A., <span class=\"_ _0\"></span>an offe<span class=\"_ _0\"></span>r to purc<span class=\"_ _2b\"></span>hase in cash an<span class=\"_ _0\"></span>y and al<span class=\"_ _0\"></span>l of</div>\n<div class=\"t m0 x7 h4f y810 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the outst<span class=\"_ _0\"></span>anding FR<span class=\"_ _0\"></span>ESH secu<span class=\"_ _0\"></span>rities. A<span class=\"_ _0\"></span>geasfi<span class=\"_ _0\"></span>nlux S.A. si<span class=\"_ _2b\"></span>multaneously</div>\n<div class=\"t m0 x7 h4f y90a ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">launched a conse<span class=\"_ _2\"></span>nt solicitation to permit<span class=\"_ _2\"></span> the purchase of the FRESH</div>\n<div class=\"t m0 x7 h4f y90b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies. Co<span class=\"_ _0\"></span>nsent of <span class=\"_ _2b\"></span>at least a majo<span class=\"_ _0\"></span>rity of th<span class=\"_ _2b\"></span>e aggregate pri<span class=\"_ _2b\"></span>ncipal</div>\n<div class=\"t m0 x7 h4f y90c ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the FR<span class=\"_ _2b\"></span>ESH outstand<span class=\"_ _0\"></span>ing was<span class=\"_ _0\"></span> necess<span class=\"_ _0\"></span>ary for t<span class=\"_ _0\"></span>he prop<span class=\"_ _2b\"></span>osed</div>\n<div class=\"t m0 x7 h4f y90d ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ent to th<span class=\"_ _2b\"></span>e conditions of<span class=\"_ _0\"></span> the FRE<span class=\"_ _2b\"></span>SH to be adopt<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90e ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90f ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 3 January 2020,<span class=\"_ _2\"></span> Ageas announced that in to<span class=\"_ _2\"></span>tal 65.50<span class=\"lsfd ws116\">% </span></div>\n<div class=\"t m0 x7 h4f y910 ff312 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">(EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">818<span class=\"_ _2\"></span>,750,000) of the<span class=\"_ _2\"></span> aggregate principal<span class=\"_ _2\"></span> amount of the F<span class=\"_ _2\"></span>RESH </span></span></div>\n<div class=\"t m0 x7 h4f y911 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">securities <span class=\"_ _2\"></span>outstanding were tende<span class=\"_ _2\"></span>red and accepted<span class=\"_ _2\"></span> for purchase.</div>\n<div class=\"t m0 x7 h4f y912 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subsequently<span class=\"_ _2\"></span>, at the beginning<span class=\"_ _2\"></span> of Q2 2020 Agea<span class=\"_ _2\"></span>s purchased FRESH</div>\n<div class=\"t m0 x7 h4f y913 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">securities <span class=\"_ _2\"></span>representing an agg<span class=\"_ _2\"></span>regate principal am<span class=\"_ _2\"></span>ount of EUR</div>\n<div class=\"t m0 x7 h4f y914 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">47,250,<span class=\"_ _0\"></span>000 follo<span class=\"_ _0\"></span>wing a revers<span class=\"_ _2b\"></span>e inquiry by a third<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">part<span class=\"_ _2b\"></span>y holder. All th<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y915 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">purchased F<span class=\"_ _2\"></span>RESH securities in 2<span class=\"_ _2\"></span>020 were exchanged<span class=\"_ _2\"></span> into 2,749,206</div>\n<div class=\"t m0 x7 h4f y916 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">underlying s<span class=\"_ _2\"></span>hares of <span class=\"wsf1\">Ageas </span>SA<span class=\"_ _2\"></span>/NV. These shares <span class=\"_ _2\"></span>are recognised on<span class=\"_ _2\"></span> the</div>\n<div class=\"t m0 x7 h4f y917 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Group\u2019s balan<span class=\"_ _2\"></span>ce sheet as treasury shares<span class=\"_ _2\"></span> and are n<span class=\"lse0 wsf0\">ot entit<span class=\"_ _2b\"></span>led to </span></div>\n<div class=\"t m0 x7 h4f y918 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds or votin<span class=\"_ _0\"></span>g rights.<span class=\"_ _0\"></span> The total n<span class=\"_ _0\"></span>umber of out<span class=\"_ _0\"></span>standi<span class=\"_ _2b\"></span>ng shares of</div>\n<div class=\"t m0 x7 h4f y919 ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV as an effect <span class=\"_ _2\"></span>from the operation<span class=\"_ _2\"></span> remains unchanged.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y91a ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y91b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the co<span class=\"_ _0\"></span>urse of t<span class=\"_ _2b\"></span>he fourth qua<span class=\"_ _0\"></span>rter of 20<span class=\"_ _0\"></span>22, <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span></span><span class=\"wsf0\">SA/NV ac<span class=\"_ _2b\"></span>quired an </span></div>\n<div class=\"t m0 x7 h4f y91c ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">aggregate p<span class=\"_ _2\"></span>rincipal amount o<span class=\"_ _2\"></span>f EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">233.25<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">mil<span class=\"_ _2\"></span>lion of FRESH<span class=\"_ _2\"></span> securities </span></span></span></div>\n<div class=\"t m0 x7 h4f y91d ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which we<span class=\"_ _0\"></span>re issued in 2<span class=\"_ _2b\"></span>002 by Ageasfinlux<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"ls107 ws11c\">S.A. The EU<span class=\"_ _2b\"></span>R<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2<span class=\"_ _2\"></span>33.25</span> <span class=\"ls102 ws11d\">million<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y91e ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of FRESH sec<span class=\"_ _2b\"></span>urities acquir<span class=\"_ _0\"></span>ed are curr<span class=\"_ _0\"></span>ently hel<span class=\"_ _0\"></span>d by <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">SA/NV<span class=\"_ _2\"></span> and </span></span></div>\n<div class=\"t m0 x7 h4f y91f ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have not yet<span class=\"_ _0\"></span> been exch<span class=\"_ _0\"></span>anged int<span class=\"_ _0\"></span>o Ageas shar<span class=\"_ _2b\"></span>es. Therefore as at</div>\n<div class=\"t m0 x7 h4f y920 ff312 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span>Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">2022 EUR</span> <span class=\"lse2 wsf1\">3<span class=\"_ _2\"></span>84</span> m<span class=\"lse2 wsfa\">illion in <span class=\"_ _2\"></span>aggregate principa<span class=\"_ _2\"></span>l amount </span></span></div>\n<div class=\"t m0 x7 h4f y921 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">remains out<span class=\"_ _2\"></span>standing at the l<span class=\"_ _2\"></span>evel of Ageasfin<span class=\"_ _2\"></span>lux<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">S.A. The EU<span class=\"_ _2b\"></span>R 233.25 </span></span></div>\n<div class=\"t m0 x7 h4f y922 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">million is<span class=\"_ _0\"></span> eliminat<span class=\"_ _2b\"></span>ed at Ageas group lev<span class=\"_ _0\"></span>el. Pleas<span class=\"_ _0\"></span>e refer to not<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span>32 for the</div>\n<div class=\"t m0 x7 h4f y923 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">resulti<span class=\"_ _0\"></span>ng impa<span class=\"_ _0\"></span>ct on th<span class=\"_ _0\"></span>e consoli<span class=\"_ _2b\"></span>dated income st<span class=\"_ _2b\"></span>atement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c3f ff314 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">20.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c40 ff314 fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls127 ws14c\">SA/NV Sub<span class=\"ls103 ws11f\">or<span class=\"_ _2\"></span>dinated <span class=\"_ _2\"></span>Fixed t<span class=\"_ _2\"></span>o Floati<span class=\"_ _2\"></span>ng Rate <span class=\"_ _2\"></span></span></span></span></div>\n<div class=\"t m0 x7 h6a y1c41 ff314 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Tier 2 <span class=\"_ _2\"></span>Notes <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c42 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 24 Nov<span class=\"_ _2\"></span>ember 2020 <span class=\"wsf1\">Ageas <span class=\"_ _2\"></span></span><span class=\"lse0\">SA/<span class=\"_ _2b\"></span>NV issued debt<span class=\"_ _0\"></span> securit<span class=\"_ _2b\"></span>ies in the for<span class=\"_ _0\"></span>m </span></div>\n<div class=\"t m0 x7 h4f y1c43 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of EUR 5<span class=\"_ _0\"></span>00 mill<span class=\"_ _0\"></span>ion Subo<span class=\"_ _0\"></span>rdinate<span class=\"_ _2b\"></span>d Fixed to Flo<span class=\"_ _0\"></span>ating Rat<span class=\"_ _2b\"></span>e Tier 2 Notes</div>\n<div class=\"t m0 x7 h4f y1c44 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">maturin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>in 205<span class=\"_ _0\"></span>1. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c45 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c46 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Notes h<span class=\"_ _0\"></span>ave a fixed co<span class=\"_ _0\"></span>upon rate of<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>1.87<span class=\"_ _0\"></span>5% payab<span class=\"_ _0\"></span>le a<span class=\"lse2 wsfa\">nnually until<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1c47 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the first re<span class=\"_ _0\"></span>set date (2<span class=\"_ _0\"></span>4 Novem<span class=\"_ _0\"></span>ber 2031). A<span class=\"_ _0\"></span>s of the first r<span class=\"_ _0\"></span>eset date,<span class=\"_ _0\"></span> the</div>\n<div class=\"t m0 x7 h4f y1c48 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">coupon become<span class=\"_ _2\"></span>s payable quarterly<span class=\"_ _2\"></span> at a 3<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">month Euribo<span class=\"_ _2b\"></span>r floating rate </span></span></div>\n<div class=\"t m0 x7 h4f y1c49 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed with an initial cred<span class=\"_ _0\"></span>it sprea<span class=\"_ _0\"></span>d and a 100 basi<span class=\"_ _0\"></span>s points st<span class=\"_ _0\"></span>ep<span class=\"ls0 ws0\">-</span><span class=\"wsef\">up. </span></div>\n<div class=\"t m0 x1a h4f y1c4a ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Note tha<span class=\"_ _0\"></span>t Ageas<span class=\"_ _0\"></span> at its <span class=\"_ _0\"></span>option<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">may ch<span class=\"_ _2b\"></span>oose to call the instr<span class=\"_ _0\"></span>ument as of<span class=\"_ _0\"></span> 24 </span></div>\n<div class=\"t m0 x1a h4f y1c4b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">May 2031,<span class=\"_ _2b\"></span> which is 6 mo<span class=\"_ _0\"></span>nths prio<span class=\"_ _0\"></span>r to the <span class=\"_ _0\"></span>first re<span class=\"_ _0\"></span>set dat<span class=\"_ _0\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c4c ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c4d ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The instr<span class=\"_ _0\"></span>ument qual<span class=\"_ _2b\"></span>ifies as Tier 2 capita<span class=\"_ _0\"></span>l for both Ag<span class=\"_ _0\"></span>eas Group a<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x1a h4f y1c4e ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV under Solvency I<span class=\"_ _2\"></span>I and is rated A<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> </span>by both S<span class=\"_ _2\"></span>tandard &amp; </span></div>\n<div class=\"t m0 x1a h4f y1c4f ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Poor\u2019s and Fitch<span class=\"_ _2\"></span>. T<span class=\"lse0 wsfa\">he ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span> is lis<span class=\"_ _2b\"></span>ted on the regu<span class=\"_ _0\"></span>lated ma<span class=\"_ _2b\"></span>rket of the </span></div>\n<div class=\"t m0 x1a h4f y1c50 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Luxembourg S<span class=\"_ _2\"></span>tock Exchange.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a yee5 ff314 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c51 ff314 fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls101 ws11b\">SA/NV Perpetual Subord<span class=\"_ _0\"></span>inated Fixed Rate </span></span></div>\n<div class=\"t m0 x1a h6a y1c52 ff314 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Resettable<span class=\"_ _0\"></span> Temporary Write<span class=\"ls0 ws0\">-<span class=\"ls127 ws14c\">Down Restr<span class=\"_ _2\"></span>icted Tier </span></span></div>\n<div class=\"t m0 x1a h6a y1c53 ff314 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">1 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yda4 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 10 Dec<span class=\"_ _2\"></span>ember 2019 <span class=\"wsf1\">Ageas <span class=\"_ _2\"></span><span class=\"ws103\">SA/NV issued subordinated deb<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f yda5 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">securities <span class=\"_ _2\"></span>for an aggregate<span class=\"_ _2\"></span> principal amount of <span class=\"_ _2\"></span>EUR 750 million i<span class=\"_ _2\"></span>n the</div>\n<div class=\"t m0 x1a h4f yda6 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">form of Per<span class=\"_ _0\"></span>petual S<span class=\"_ _0\"></span>ubordi<span class=\"_ _0\"></span>nated Fix<span class=\"_ _0\"></span>ed Rate Res<span class=\"_ _0\"></span>ettabl<span class=\"_ _0\"></span>e Tempora<span class=\"_ _0\"></span>ry Write<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1c54 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Down Rest<span class=\"_ _2b\"></span>ricted Tier 1 Notes. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c55 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c56 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">These not<span class=\"_ _0\"></span>es have a fix<span class=\"_ _0\"></span>ed coupon rat<span class=\"_ _2b\"></span>e of 3.875% payab<span class=\"_ _0\"></span>l<span class=\"lse2 ws103\">e annually with </span></div>\n<div class=\"t m0 x1a h4f y1c57 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reset in Jun<span class=\"_ _0\"></span>e 2030 (no st<span class=\"_ _0\"></span>ep<span class=\"ls0 ws0\">-</span>up) and eve<span class=\"_ _2b\"></span>ry 5 <span class=\"_ _2\"></span>yea<span class=\"_ _0\"></span>rs there<span class=\"_ _0\"></span>after. They<span class=\"_ _0\"></span> have</div>\n<div class=\"t m0 x1a h4f y1c58 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">no sched<span class=\"_ _2b\"></span>uled maturity <span class=\"_ _0\"></span>date an<span class=\"_ _0\"></span>d, exce<span class=\"_ _0\"></span>pt in cert<span class=\"_ _0\"></span>ain lim<span class=\"_ _0\"></span>ited cir<span class=\"_ _0\"></span>cumsta<span class=\"_ _0\"></span>nces,</div>\n<div class=\"t m0 x1a h4f y1c59 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">may not be<span class=\"_ _2\"></span> redeemed by <span class=\"wsf1\">Agea<span class=\"_ _2\"></span>s <span class=\"lse0 wsf0\">SA/NV b<span class=\"_ _0\"></span>efore the<span class=\"_ _0\"></span> six month pe<span class=\"_ _0\"></span>riod </span></span></div>\n<div class=\"t m0 x1a h4f y1c5a ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">precedi<span class=\"_ _0\"></span>ng June 20<span class=\"_ _0\"></span>30.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c5b ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c5c ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">They quali<span class=\"_ _2\"></span><span class=\"lse0\">fy<span class=\"_ _0\"></span> as rest<span class=\"_ _0\"></span>ricted T<span class=\"_ _0\"></span>ier 1 ca<span class=\"_ _0\"></span>pital fo<span class=\"_ _0\"></span>r both Ag<span class=\"_ _2b\"></span>eas Group and </span></div>\n<div class=\"t m0 x1a h4f y1c5d ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">SA/NV under So<span class=\"_ _2b\"></span>lvency II and are rate<span class=\"_ _0\"></span>d BBB+ by St<span class=\"_ _0\"></span>andard &amp; </span></span></div>\n<div class=\"t m0 x1a h4f y1c5e ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Poor\u2019s a<span class=\"_ _0\"></span>nd BBB b<span class=\"_ _2b\"></span>y Fitch. They <span class=\"_ _0\"></span>are list<span class=\"_ _2b\"></span>ed on the regul<span class=\"_ _2b\"></span>ated market of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y1c5f ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Luxembourg S<span class=\"_ _2\"></span>tock Exchange<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1c60 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c61 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The net proc<span class=\"_ _0\"></span>eeds from<span class=\"_ _0\"></span> the issua<span class=\"_ _0\"></span>nce o<span class=\"wsfa\">f this<span class=\"_ _0\"></span> instrum<span class=\"_ _2b\"></span>ent were used f<span class=\"_ _0\"></span>or </span></div>\n<div class=\"t m0 x1a h4f y1c62 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">general<span class=\"_ _0\"></span> corporat<span class=\"_ _2b\"></span>e purposes an<span class=\"_ _0\"></span>d to stre<span class=\"_ _0\"></span>ngthen t<span class=\"_ _2b\"></span>he regulatory <span class=\"_ _0\"></span>solve<span class=\"_ _0\"></span>ncy of</div>\n<div class=\"t m0 x1a h4f y1c63 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Ageas Group an<span class=\"_ _2\"></span>d its operating subsidiari<span class=\"_ _2\"></span>es, including by way of</div>\n<div class=\"t m0 x1a h4f y1c64 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">replacing the<span class=\"_ _2\"></span> FRESH securities that were tendered<span class=\"_ _2\"></span> as part of the offer</div>\n<div class=\"t m0 x1a h4f y1c65 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">launche<span class=\"_ _0\"></span>d by Ageas in 201<span class=\"_ _2b\"></span>9 (see 20.1).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c66 ff314 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">20.4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c67 ff314 fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls103 ws11f\">SA/NV S<span class=\"_ _2\"></span>ubordina<span class=\"_ _2\"></span>ted Fix<span class=\"_ _2\"></span>ed to F<span class=\"_ _2\"></span>loating <span class=\"_ _2\"></span>Rate </span></span></div>\n<div class=\"t m0 x1a h6a y1c68 ff314 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Tier 2 <span class=\"_ _2\"></span>Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c69 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 10 Apr<span class=\"_ _0\"></span>il 2019 <span class=\"_ _0\"></span><span class=\"lse2 wsf1\">Ageas <span class=\"ws103\">SA<span class=\"_ _2\"></span>/NV issued its inaugural debt se<span class=\"_ _2\"></span>curities in </span></span></div>\n<div class=\"t m0 x1a h4f y1c6a ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the form of EU<span class=\"_ _0\"></span>R 500 milli<span class=\"_ _2b\"></span>on Subordinated F<span class=\"_ _0\"></span>ixed to Flo<span class=\"_ _0\"></span>ating Rat<span class=\"_ _0\"></span>e Tier 2</div>\n<div class=\"t m0 x1a h4f y1c6b ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Notes mat<span class=\"_ _0\"></span>uring in 204<span class=\"_ _2b\"></span>9.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c6c ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c6d ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">These not<span class=\"_ _0\"></span>es have a fix<span class=\"_ _0\"></span>ed coupon rat<span class=\"_ _2b\"></span>e of 3.25% payabl<span class=\"_ _0\"></span>e annually<span class=\"_ _0\"></span> until</div>\n<div class=\"t m0 x1a h4f y1c6e ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the first<span class=\"_ _0\"></span> call d<span class=\"_ _0\"></span>ate (2 J<span class=\"_ _0\"></span>uly 202<span class=\"_ _0\"></span>9). As of t<span class=\"_ _2b\"></span>he first call da<span class=\"_ _0\"></span>te, the c<span class=\"_ _2b\"></span>oupon</div>\n<div class=\"t m0 x1a h4f y1c6f ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">becomes<span class=\"_ _0\"></span> payable qu<span class=\"_ _0\"></span>arterly at<span class=\"_ _0\"></span> a 3<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">month Euri<span class=\"_ _0\"></span>bor float<span class=\"_ _2b\"></span>ing rate incre<span class=\"_ _2b\"></span>ased </span></div>\n<div class=\"t m0 x1a h4f y1c70 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with an init<span class=\"_ _2b\"></span>ial credit spread an<span class=\"_ _2b\"></span>d a 100 bas<span class=\"lse1 ws11d\">is points step<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">up.</span> </span></span></div>\n<div class=\"t m0 x1a h4f y1c71 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c72 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This inst<span class=\"_ _0\"></span>rument qu<span class=\"_ _0\"></span>alifies as T<span class=\"_ _0\"></span>ier 2 capita<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>for bo<span class=\"_ _0\"></span>th Ageas Gr<span class=\"_ _2b\"></span>oup and</div>\n<div class=\"t m0 x1a h4f y1c73 ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV under Solvency I<span class=\"_ _2\"></span>I and is rated A<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> </span>by both S<span class=\"_ _2\"></span>tandard &amp; </span></div>\n<div class=\"t m0 x1a h4f y1c74 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Poor\u2019s and Fitch<span class=\"_ _2\"></span>. It is listed on the regulate<span class=\"_ _2\"></span>d market of the Luxembourg</div>\n<div class=\"t m0 x1a h4f y1c75 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Stock Exchan<span class=\"_ _2\"></span>ge<span class=\"ls0 ws0\">.  </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 235px; height: 871px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 235px; height: 871px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 235px; height: 871px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 235px; height: 871px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff318 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">AG Insurance Subordinated Fixed to Floating Rate</div>\n<div class=\"t m0 x7 h6a y1c77 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Tier 2 <span class=\"_ _2\"></span>Loan<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c78 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 27 June 20<span class=\"_ _0\"></span>19, Ageas a<span class=\"_ _0\"></span>nd BNP Par<span class=\"_ _0\"></span>ibas Card<span class=\"_ _0\"></span>if grant<span class=\"_ _0\"></span>ed a EUR 300</div>\n<div class=\"t m0 x7 h4f y1c79 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million (A<span class=\"_ _2\"></span>geas: EUR 225 million<span class=\"_ _2\"></span>; BNP Paribas Ca<span class=\"_ _2\"></span>rdif: EUR 75 million<span class=\"_ _2\"></span>)</div>\n<div class=\"t m0 x7 h4f y1c7a ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subordi<span class=\"_ _0\"></span>nated loa<span class=\"_ _0\"></span>n to AG Insur<span class=\"_ _0\"></span>ance at an int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>e of 3.25% as a</div>\n<div class=\"t m0 x7 h4f y1c7b ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partial re<span class=\"_ _2b\"></span>placement for the US<span class=\"_ _2b\"></span>D 550 million notes<span class=\"_ _0\"></span> which had bee<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y1c7c ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">redeem<span class=\"_ _0\"></span>ed in Marc<span class=\"_ _2b\"></span>h 2019. The int<span class=\"_ _2b\"></span>ercompany loan <span class=\"_ _0\"></span>betwee<span class=\"_ _0\"></span>n Ageas a<span class=\"_ _2b\"></span>nd</div>\n<div class=\"t m0 x7 h4f y1c7d ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Insura<span class=\"_ _2b\"></span>nce is eliminated at Ag<span class=\"_ _2b\"></span>eas group level. Th<span class=\"_ _0\"></span>e loan may be<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y1c7e ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">repaid at t<span class=\"_ _0\"></span>he opti<span class=\"wsfa\">on o<span class=\"_ _0\"></span>f AG Ins<span class=\"_ _0\"></span>urance,<span class=\"_ _2b\"></span> in whole but n<span class=\"_ _0\"></span>ot in part,<span class=\"_ _0\"></span> on the f<span class=\"_ _2b\"></span>irst </span></div>\n<div class=\"t m0 x7 h4f y1c7f ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">call date at 2<span class=\"_ _2b\"></span>7 <span class=\"_ _2\"></span>Jun<span class=\"_ _0\"></span>e 2029 or at any in<span class=\"_ _0\"></span>terest pay<span class=\"_ _2b\"></span>ment date thereaf<span class=\"_ _0\"></span>ter. On</div>\n<div class=\"t m0 x7 h4f y1c80 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">their first<span class=\"_ _0\"></span> call date<span class=\"_ _0\"></span> the Notes w<span class=\"_ _0\"></span>ill bear inte<span class=\"_ _0\"></span>rest at a flo<span class=\"_ _0\"></span>ating rat<span class=\"_ _0\"></span>e of 3</div>\n<div class=\"t m0 x7 h4f y1c81 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">month Euribor<span class=\"_ _2\"></span> plus 3.800% per<span class=\"_ _2\"></span> annum, payable q<span class=\"_ _2\"></span>uar<span class=\"lsfc ws115\">terly.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y1c82 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c83 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">AG Insuran<span class=\"_ _2\"></span>ce Fixed Rate Reset <span class=\"_ _2\"></span>Dated</div>\n<div class=\"t m0 x7 h6a y1c84 ff318 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yef4 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 31 Marc<span class=\"_ _2b\"></span>h 2015, AG Ins<span class=\"_ _2b\"></span>urance issued E<span class=\"_ _0\"></span>UR 400 m<span class=\"_ _2b\"></span>illion Fixed R<span class=\"_ _0\"></span>ate</div>\n<div class=\"t m0 x7 h4f yef5 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Reset Dat<span class=\"_ _0\"></span>ed Subor<span class=\"_ _2b\"></span>dinated Tier 2 Secur<span class=\"_ _0\"></span>ities du<span class=\"_ _0\"></span>e 2047 at an inte<span class=\"_ _0\"></span>rest rate</div>\n<div class=\"t m0 x7 h4f y1c85 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of 3.5% and w<span class=\"_ _0\"></span>ith a maturit<span class=\"_ _0\"></span>y of 32 year<span class=\"_ _0\"></span>s. The securit<span class=\"_ _2b\"></span>ies may be</div>\n<div class=\"t m0 x7 h4f y1c86 ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">redeemed at the<span class=\"_ _2\"></span> option of AG<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Insuranc<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>in wh<span class=\"_ _0\"></span>ole but not<span class=\"_ _0\"></span> in part, on the </span></span></div>\n<div class=\"t m0 x7 h4f y1c87 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">first cal<span class=\"_ _0\"></span>l date at 30 June 2<span class=\"_ _0\"></span>027 or at any<span class=\"_ _0\"></span> interest pa<span class=\"_ _0\"></span>yment dat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>ereafter.<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y1c88 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On the f<span class=\"_ _0\"></span>irst cal<span class=\"_ _0\"></span>l date an<span class=\"_ _0\"></span>d on eac<span class=\"_ _0\"></span>h fifth an<span class=\"_ _0\"></span>nivers<span class=\"_ _0\"></span>ary of t<span class=\"_ _0\"></span>he first <span class=\"_ _0\"></span>call dat<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y1c89 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the int<span class=\"_ _0\"></span>erest <span class=\"wsf0\">rat<span class=\"_ _0\"></span>e will be reset<span class=\"_ _0\"></span> equal to t<span class=\"_ _0\"></span>he sum of the fiv<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>year e<span class=\"_ _2b\"></span>uro mid </span></div>\n<div class=\"t m0 x7 h4f y1c8a ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">swap rat<span class=\"_ _0\"></span>e plus 3.<span class=\"_ _2b\"></span>875%. The Note<span class=\"_ _0\"></span>s are lis<span class=\"_ _0\"></span>ted on t<span class=\"_ _2b\"></span>he Luxembourg <span class=\"_ _2b\"></span>Stock</div>\n<div class=\"t m0 x7 h4f y1c8b ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Exchange and<span class=\"_ _2\"></span> qualify as Tier<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span><span class=\"lse0\">2 capi<span class=\"_ _0\"></span>tal und<span class=\"_ _0\"></span>er Solv<span class=\"_ _0\"></span>ency II.<span class=\"_ _0\"></span> They are <span class=\"_ _0\"></span>rated </span></div>\n<div class=\"t m0 x7 h4f y1c8c ff316 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A- <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">by both Standard<span class=\"_ _2\"></span> &amp; Poor\u2019s and <span class=\"_ _2\"></span>Fitch.</span> </div>\n<div class=\"t m0 x1a h6a y79c ff318 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">20.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y79d ff318 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2\"></span><span class=\"ls10c ws12f\">ance F<span class=\"_ _2\"></span>ixed<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls101 ws11b\">to Floating Callable<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span></span></span></span></div>\n<div class=\"t m0 x1a h6a y1c77 ff318 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c78 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 18 Dec<span class=\"_ _2\"></span>ember 2013, AG In<span class=\"_ _2\"></span>surance issued EUR 45<span class=\"_ _2\"></span>0 million Fixed<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">to</span>-</span></div>\n<div class=\"t m0 x1a h4f y1c79 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Floati<span class=\"_ _0\"></span>ng Callab<span class=\"_ _0\"></span>le Subordi<span class=\"_ _0\"></span>nated Ti<span class=\"_ _0\"></span>er 2 Notes due 2<span class=\"_ _0\"></span>044 at an inter<span class=\"_ _2b\"></span>est rate</div>\n<div class=\"t m0 x1a h4f y1c7a ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of 5.25% and w<span class=\"_ _0\"></span>ith a matur<span class=\"_ _0\"></span>ity of 31 ye<span class=\"_ _0\"></span>ars. The not<span class=\"_ _0\"></span>es may be <span class=\"lse2 wsf1\">redeemed </span></div>\n<div class=\"t m0 x1a h4f y1c7b ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the o<span class=\"_ _0\"></span>ption of A<span class=\"_ _2b\"></span>G Insurance, i<span class=\"_ _0\"></span>n whole b<span class=\"_ _2b\"></span>ut not in part, <span class=\"_ _0\"></span>on the f<span class=\"_ _0\"></span>irst cal<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x1a h4f y1c7c ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date at 18 Jun<span class=\"_ _0\"></span>e 2024 or at any i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> payment da<span class=\"_ _0\"></span>te there<span class=\"_ _0\"></span>after. On</div>\n<div class=\"t m0 x1a h4f y1c7d ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fi<span class=\"_ _0\"></span>rst call <span class=\"_ _0\"></span>date t<span class=\"_ _0\"></span>he Notes<span class=\"_ _0\"></span> will be<span class=\"_ _0\"></span>ar inter<span class=\"_ _0\"></span>est at a fl<span class=\"_ _2b\"></span>oating rate of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1c7e ff316 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">3 <span class=\"lse0 wsf0\">month Euribor p<span class=\"_ _0\"></span>lus 4.136%<span class=\"_ _0\"></span> per<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">annum, payable<span class=\"_ _2\"></span> quarterly. </span> </span></span></div>\n<div class=\"t m0 x1a h4f y1c7f ff316 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c80 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Notes a<span class=\"_ _2\"></span>re subscribed by <span class=\"wsf1\">A<span class=\"_ _2\"></span>geas <span class=\"lsfa ws136\">SA/NV (<span class=\"_ _2\"></span>EUR<span class=\"ls0 ws0\"> </span></span>350<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">million) and by </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c81 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">BNP Paribas <span class=\"_ _2\"></span>Fortis SA/NV (EUR<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">100 mi<span class=\"_ _0\"></span>llion) an<span class=\"_ _0\"></span>d are listed o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x1a h4f y1c8d ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Luxembourg S<span class=\"_ _2\"></span>tock Exchange. The Notes qualify a<span class=\"_ _2\"></span>s Tier<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">2 capital u<span class=\"_ _2b\"></span>nder </span></span></div>\n<div class=\"t m0 x1a h4f y1c8e ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Solvency II and are<span class=\"_ _2\"></span> rated A<span class=\"ls0 ws0\">- <span class=\"lse0 wsf0\">by both Standar<span class=\"_ _0\"></span>d &amp; Poor\u2019s an<span class=\"_ _0\"></span>d Fitch. Th<span class=\"_ _0\"></span>e </span></span></div>\n<div class=\"t m0 x1a h4f y1c8f ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">part under<span class=\"_ _2\"></span>written by <span class=\"wsf1\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">SA/NV is eliminat<span class=\"_ _0\"></span>ed as inte<span class=\"_ _0\"></span>rcompa<span class=\"_ _0\"></span>ny </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c90 ff316 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a yef4 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c91 ff318 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Millenniumbcp <span class=\"_ _2\"></span>Ageas Fixed<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls101 ws11b\">to</span>-<span class=\"ls112 ws133\">Floating Callable </span></span></div>\n<div class=\"t m0 x1a h6a y1c92 ff318 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Subordinated Grandfathered <span class=\"_ _2\"></span>Restricted Tier 1 Loan<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c93 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 5 Dec<span class=\"_ _0\"></span>ember 2<span class=\"_ _0\"></span>014, Ag<span class=\"_ _0\"></span>eas Ins<span class=\"_ _0\"></span>urance I<span class=\"_ _2b\"></span>nternational N.<span class=\"_ _2b\"></span>V. (51%) (AII)</div>\n<div class=\"t m0 x1a h4f y1c94 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and BCP I<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ents B.V. (49%<span class=\"_ _2b\"></span>) granted a su<span class=\"_ _0\"></span>bordinat<span class=\"_ _2b\"></span>ed loan of</div>\n<div class=\"t m0 x1a h4f y1c95 ff316 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">120 million t<span class=\"_ _0\"></span>o Mille<span class=\"_ _0\"></span>nniumbc<span class=\"_ _0\"></span>p Ageas at<span class=\"_ _0\"></span> 4.75% <span class=\"_ _2b\"></span>per annum up to t<span class=\"_ _2b\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f y1c96 ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">first call da<span class=\"_ _2\"></span>te in December 2019 and 6 month Eur<span class=\"_ _2\"></span>ibor + 475 basis points</div>\n<div class=\"t m0 x1a h4f y1c97 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">per annum <span class=\"_ _2\"></span>thereafter. <span class=\"ls0 ws0\">A<span class=\"lse0 wsf0\">s of Q2 2020 the loan pre<span class=\"_ _0\"></span>viously<span class=\"_ _0\"></span> owned by </span></span></div>\n<div class=\"t m0 x1a h4f y1c98 ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas Insuran<span class=\"_ _2\"></span>ce International has been tran<span class=\"_ _2\"></span>sferred to the balance sheet<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1c99 ff316 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">of <span class=\"lse2 wsf1\">Ageas <span class=\"_ _2\"></span><span class=\"lsfa ws114\">SA/NV.<span class=\"ls0 ws0\"> </span></span><span class=\"ws103\">The par<span class=\"_ _2\"></span>t underwritten by </span>Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV is eliminated </span></span></div>\n<div class=\"t m0 x1a h4f y1c9a ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because i<span class=\"_ _0\"></span>t is an interco<span class=\"_ _2b\"></span>mpany transac<span class=\"_ _0\"></span>tion. The Not<span class=\"_ _2b\"></span>es qualify as</div>\n<div class=\"t m0 x1a h4f y1c9b ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Grandf<span class=\"_ _0\"></span>athered Ti<span class=\"_ _2b\"></span>er<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">1 capital under Sol<span class=\"_ _2\"></span>vency II.</span> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 582px; height: 524px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 582px; height: 524px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 582px; height: 524px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 582px; height: 524px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Borro<span class=\"_ _2b\"></span>win<span class=\"_ _2\"></span>gs</div>\n<div class=\"t m0 x66 h52 y1550 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Repurchase agreements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">2,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">2,078<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">838<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff31c fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Due to ba<span class=\"_ _2b\"></span>nks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">3,052<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">2,916<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Funds held under reinsurance agreements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Lease liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Other borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff31c fs3c fc10 sc0 lsee ws101\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 697px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 697px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c9e ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c9f ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca0 ff31a fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Repurchase a<span class=\"_ _2\"></span>greements are essen<span class=\"_ _2\"></span>tially secured shor<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term loa<span class=\"_ _2b\"></span>ns <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at </span></span></div>\n<div class=\"t m0 x7 h4f y1ca1 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are used to h<span class=\"_ _0\"></span>edge specif<span class=\"_ _2b\"></span>ic investment<span class=\"_ _0\"></span>s with resett<span class=\"_ _2b\"></span>able interest rat<span class=\"_ _2b\"></span>es and</div>\n<div class=\"t m0 x7 h4f y1ca2 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for cash man<span class=\"_ _2b\"></span>agement purpos<span class=\"_ _0\"></span>es. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1ca3 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca4 ff31a fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas has p<span class=\"_ _2\"></span>ledged <span class=\"ws103\">property as <span class=\"lse0 wsf0\">collateral for l<span class=\"_ _2b\"></span>oans and other with a </span></span></div>\n<div class=\"t m0 x7 h4f y1ca5 ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amoun<span class=\"_ _2\"></span><span class=\"lsfc ws0\">t of EUR<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span><span class=\"wsf1\">159<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">millio<span class=\"_ _2\"></span>n (</span></span>2021<span class=\"ls0 ws0\">: <span class=\"lsfa ws114\">E<span class=\"_ _2\"></span>UR</span> </span>166<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million<span class=\"_ _2\"></span>). </span> </span></span></div>\n<div class=\"t m0 x7 h4f y1ca6 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca7 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing value of<span class=\"_ _0\"></span> the borrow<span class=\"_ _0\"></span>ings is a reas<span class=\"_ _0\"></span>onabl<span class=\"_ _0\"></span>e approxi<span class=\"_ _0\"></span>mation of</div>\n<div class=\"t m0 x7 h4f y1ca8 ff31a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e as cont<span class=\"_ _0\"></span>ract mat<span class=\"_ _2b\"></span>urities are l<span class=\"_ _0\"></span>ess than <span class=\"_ _0\"></span>one ye<span class=\"_ _0\"></span>ar (repu<span class=\"_ _0\"></span>rchase</div>\n<div class=\"t m0 x1a h4f y1ca9 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">agreem<span class=\"_ _0\"></span>ents) and/<span class=\"_ _0\"></span>or contrac<span class=\"_ _0\"></span>ts carry a f<span class=\"_ _0\"></span>loating rat<span class=\"_ _2b\"></span>e (loans<span class=\"ls0 ws0\"> </span>from bank<span class=\"_ _0\"></span>s<span class=\"lsf4 ws10c\">). </span></div>\n<div class=\"t m0 x1a h4f y1caa ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Accordingly<span class=\"_ _2\"></span>, the fair value is based upo<span class=\"lse0 wsf0\">n observable mar<span class=\"_ _2b\"></span>ket data </span></div>\n<div class=\"t m0 x1a h4f y1cab ff31a fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">(level<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2).</span> </span></div>\n<div class=\"t m0 x1a h4f y1cac ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1cad ff31a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liabilities ar<span class=\"_ _2b\"></span>e discounted u<span class=\"_ _0\"></span>sing the <span class=\"_ _2b\"></span>lessee\u2019s incre<span class=\"_ _0\"></span>mental</div>\n<div class=\"t m0 x1a h4f y1cae ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ing rate and<span class=\"_ _0\"></span> the interest<span class=\"_ _0\"></span> expense on t<span class=\"_ _0\"></span>he lease li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> is</div>\n<div class=\"t m0 x1a h4f y1caf ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">presented sepa<span class=\"_ _2\"></span>rately from the depreciation e<span class=\"_ _2\"></span>xpense of the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsef\">use </span></span></div>\n<div class=\"t m0 x1a h4f y1cb0 ff31a fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">asset.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cb1 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cb2 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 477px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 477px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff31c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 446px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 446px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 446px; z-index: 15;\">3,920<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 431px; z-index: 15;\">Transfer to held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 431px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y603 ff31c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 431px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Acquisition/divestments of subsidiarie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 416px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y605 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 416px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Proceeds from issuance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 401px; z-index: 15;\">223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 401px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 387px; z-index: 15;\">Payments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 387px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 387px; z-index: 15;\">(375)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Foreign <span class=\"wsf3\">exchange differences and other c<span class=\"_ _0\"></span>hanges<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 372px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 372px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 357px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 357px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cbc ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbd ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbe ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the undiscounted cash<span class=\"_ _2\"></span> flows of the borrowings, excep<span class=\"_ _2\"></span>t for lease liabilities, cla<span class=\"_ _2\"></span>ssified by relevant<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">mat<span class=\"_ _2\"></span>urity group as at<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1cbf ff31a fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span>Decemb<span class=\"_ _0\"></span>er.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cc0 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y70b ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 263px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y70b ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 263px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 232px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 232px; z-index: 15;\">2,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 232px; z-index: 15;\">2,898<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 217px; z-index: 15;\">1 year to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 217px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 217px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 202px; z-index: 15;\">3 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 202px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 202px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 188px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 188px; z-index: 15;\">624<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 188px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff31c fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 173px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 173px; z-index: 15;\">3,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 173px; z-index: 15;\">3,056<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 162px; height: 799px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 162px; height: 799px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 162px; height: 799px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 162px; height: 799px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 162px; height: 799px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As a conseq<span class=\"_ _0\"></span>uence of the C<span class=\"_ _2b\"></span>ovid pandemic, th<span class=\"_ _0\"></span>e Group\u2019s c<span class=\"_ _2b\"></span>ar park</div>\n<div class=\"t m0 x7 h4f y803 ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiary<span class=\"_ _2\"></span> Interparking (51% ow<span class=\"_ _2\"></span>ned by AG Insurance)<span class=\"_ _2\"></span> received waivers</div>\n<div class=\"t m0 x7 h4f y804 ff31f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">related t<span class=\"_ _2b\"></span>o loan covena<span class=\"_ _0\"></span>nts in th<span class=\"_ _0\"></span>e first h<span class=\"_ _2b\"></span>alf of 2021. Co<span class=\"_ _0\"></span>nseque<span class=\"_ _0\"></span>ntly, lo<span class=\"_ _0\"></span>ng<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y805 ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">term bank b<span class=\"_ _0\"></span>orrowi<span class=\"_ _0\"></span>ngs, for whic<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>wa<span class=\"_ _0\"></span>ivers we<span class=\"_ _0\"></span>re obtaine<span class=\"_ _0\"></span>d,<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">were </span></span></div>\n<div class=\"t m0 x1a h4f y1cca ff31f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reclass<span class=\"_ _0\"></span>ified f<span class=\"_ _0\"></span>rom long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">term to sh<span class=\"_ _0\"></span>ort<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">term. Th<span class=\"_ _0\"></span>e activit<span class=\"_ _0\"></span>ies of Inter<span class=\"_ _2b\"></span>parking </span></span></span></div>\n<div class=\"t m0 x1a h4f y1ccb ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">since reco<span class=\"_ _2\"></span>vered<span class=\"lse0\">, resul<span class=\"_ _2b\"></span>ting in Inter<span class=\"_ _0\"></span>parking <span class=\"_ _0\"></span>meetin<span class=\"_ _0\"></span>g its loa<span class=\"_ _0\"></span>n covena<span class=\"_ _2b\"></span>nts. </span></div>\n<div class=\"t m0 x1a h4f y1ccc ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Therefo<span class=\"_ _2b\"></span>re, an amount of long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term <span class=\"_ _2\"></span>bank borrowings <span class=\"ls104 ws116\">of EUR 491</span></span> <span class=\"ls102 ws11d\">mil<span class=\"_ _2\"></span>lion </span></span></div>\n<div class=\"t m0 x1a h4f y1ccd ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">has been <span class=\"_ _2\"></span>reclassified from<span class=\"_ _2\"></span> short<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">ter<span class=\"lse0 wsf0\">m to long<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">term <span class=\"_ _2\"></span></span></span><span class=\"wsfa\">at t<span class=\"_ _0\"></span>he report<span class=\"_ _0\"></span>ing dat<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1cce ff31f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 ff31f fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Lease obl<span class=\"_ _0\"></span>igations<span class=\"_ _0\"></span> as lessee (<span class=\"_ _0\"></span>undisco<span class=\"_ _2b\"></span>unted)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ff31f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff31f fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 x387 h52 y5ff ff31f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 695px; bottom: 970px; z-index: 15;\">Minimum lease <span class=\"wsf4\">payments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y608 ff31f fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y608 ff31f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 956px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y608 ff31f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 956px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 925px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 925px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 925px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 910px; z-index: 15;\">1 year to 2 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 910px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 910px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 896px; z-index: 15;\">2 years to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 896px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 896px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">3 years to 4 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 881px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 881px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 866px; z-index: 15;\">4 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 866px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 866px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 851px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 851px; z-index: 15;\">495<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 851px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff321 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 836px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff321 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 836px; z-index: 15;\">852<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff321 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 836px; z-index: 15;\">766<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Annual rental expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 ydd0 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 821px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 ydd0 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 821px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Future finance charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 806px; z-index: 15;\">222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 806px; z-index: 15;\">206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 795px; height: 311px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 795px; height: 311px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 795px; height: 311px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 795px; height: 311px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 795px; height: 311px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Current and def<span class=\"_ _2b\"></span>e<span class=\"_ _2\"></span>rr<span class=\"_ _0\"></span>ed ta<span class=\"_ _2\"></span>x</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">assets and lia<span class=\"_ _2\"></span>bilities</div>\n<div class=\"t m0 x7 h4f y17d5 ff323 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The compo<span class=\"_ _2b\"></span>nents of deferred t<span class=\"_ _0\"></span>ax assets<span class=\"_ _0\"></span> and deferr<span class=\"_ _0\"></span>ed tax liabi<span class=\"_ _2b\"></span>lities as at 31<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">December are<span class=\"_ _2\"></span> shown below.</span> </span></div>\n<div class=\"t m0 x7 h4f y1ce3 ff323 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y605 ff323 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 490px; bottom: 801px; z-index: 15;\">Statement of financial position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y605 ff323 fs3c fc10 sc0 lsec ws100\" style=\"left: 724px; bottom: 801px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f4 ff323 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 786px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff323 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 786px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff323 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 786px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff323 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 786px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff323 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 770px; z-index: 15;\">Deferred tax assets related to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h54 y5f2 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 515px; bottom: 770px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h54 y5f2 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 608px; bottom: 770px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h54 y5f2 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 701px; bottom: 770px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h54 y5f2 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 770px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 755px; z-index: 15;\">Financial <span class=\"wsf6\">investments (available for sale)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x388 h52 y60e ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 755px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y60e ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 755px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 755px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 755px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f9 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5f9 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 741px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5f9 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 741px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f9 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f9 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 741px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y60e ff323 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 726px; z-index: 15;\">Loans to customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 726px; z-index: 15;\">1</div>\n<div class=\"t m0 x5d h52 y60e ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 726px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y60e ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 726px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y60e ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 726px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 711px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 711px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 711px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 711px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5fc ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 711px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 696px; z-index: 15;\">Intangible assets (excluding g<span class=\"_ _0\"></span>oodwill)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f7 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 696px; z-index: 15;\">8</div>\n<div class=\"t m0 x5d h52 y5f7 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 696px; z-index: 15;\">8</div>\n<div class=\"t m0 x5e h52 y5f7 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 696px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5f7 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 696px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 681px; z-index: 15;\">Insurance policy and claim<span class=\"_ _0\"></span> reserves<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 681px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 681px; z-index: 15;\">664<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 681px; z-index: 15;\">(27)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5fc ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 681px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 666px; z-index: 15;\">Debt <span class=\"wsf3\">certificates and subordinated liabilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x5e h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 515px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 608px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 651px; z-index: 15;\">Provisions for pensions and p<span class=\"_ _2b\"></span>ost<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span>retirement benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 651px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 651px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 651px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 651px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 637px; z-index: 15;\">7</div>\n<div class=\"t m0 x5d h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 637px; z-index: 15;\">8</div>\n<div class=\"t m0 x30 h52 y601 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 637px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y601 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 637px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 622px; z-index: 15;\">Accrued expenses and de<span class=\"_ _0\"></span>ferred income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 622px; z-index: 15;\">1</div>\n<div class=\"t m0 x5e h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 608px; bottom: 622px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 622px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 622px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff323 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 607px; z-index: 15;\">Unused tax losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y605 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 607px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y605 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 607px; z-index: 15;\">106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y605 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 607px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 607px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 592px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 592px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 592px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 696px; bottom: 592px; z-index: 15;\">1</div>\n<div class=\"t m0 x5d h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 592px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y638 ff325 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 577px; z-index: 15;\">Gross <span class=\"lse4 wsf3\">deferred tax<span class=\"_ _0\"></span> assets<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x67 h54 y638 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 577px; z-index: 15;\">310<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y638 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 577px; z-index: 15;\">1,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y638 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 577px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y638 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 791px; bottom: 577px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f4 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 562px; z-index: 15;\">Unrecognised deferred tax as<span class=\"_ _0\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f4 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 515px; bottom: 562px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f4 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 592px; bottom: 562px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f4 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 562px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5f4 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 562px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff325 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 547px; z-index: 15;\">Net deferred tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h54 y5f9 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 547px; z-index: 15;\">310<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 547px; z-index: 15;\">1,013<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f9 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 547px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f9 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 791px; bottom: 547px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 ydd0 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 533px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 ydd0 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 515px; bottom: 533px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 ydd0 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 608px; bottom: 533px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 ydd0 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 533px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 ydd0 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 533px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff323 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 518px; z-index: 15;\">Deferred tax liabilities related to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f9 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 515px; bottom: 518px; z-index: 15;\">  </div>\n<div class=\"t m0 x5e h52 y5f9 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 608px; bottom: 518px; z-index: 15;\">  </div>\n<div class=\"t m0 x5e h52 y5f9 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 701px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5f9 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff323 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 503px; z-index: 15;\">Financial investments (available for sale)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 ydd0 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 503px; z-index: 15;\">(654)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 ydd0 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 503px; z-index: 15;\">1,489<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 ydd0 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 503px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 ydd0 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 503px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff323 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 488px; z-index: 15;\">Inv<span class=\"_ _2\"></span>estment <span class=\"_ _2\"></span><span class=\"lse4 wsf4\">property<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x388 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 488px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 488px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5fc ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 696px; bottom: 488px; z-index: 15;\">6</div>\n<div class=\"t m0 x30 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 488px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff323 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 473px; z-index: 15;\">Loans to customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y63a ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 473px; z-index: 15;\">2</div>\n<div class=\"t m0 x5d h52 y63a ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 473px; z-index: 15;\">2</div>\n<div class=\"t m0 x5e h52 y63a ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 473px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y63a ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 473px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 458px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 458px; z-index: 15;\">175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 458px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 696px; bottom: 458px; z-index: 15;\">7</div>\n<div class=\"t m0 x5d h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 458px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y63a ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 444px; z-index: 15;\">Intangible assets (excluding g<span class=\"_ _0\"></span>oodwill)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y63a ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 444px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y63a ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 444px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y63a ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 696px; bottom: 444px; z-index: 15;\">3</div>\n<div class=\"t m0 x5d h52 y63a ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 444px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 429px; z-index: 15;\">Debt certificates and subordina<span class=\"_ _0\"></span>ted liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 429px; z-index: 15;\">1</div>\n<div class=\"t m0 x5d h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 429px; z-index: 15;\">1</div>\n<div class=\"t m0 x5e h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 414px; z-index: 15;\">Other provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y601 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 414px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y601 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 414px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y601 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 414px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 399px; z-index: 15;\">Deferred policy <span class=\"lsef ws102\">acquisit<span class=\"_ _2\"></span>ion costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x388 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 399px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 399px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 696px; bottom: 399px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 399px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 384px; z-index: 15;\">Deferred expense and <span class=\"_ _0\"></span>accrued income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 384px; z-index: 15;\">1</div>\n<div class=\"t m0 x5d h52 y605 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 384px; z-index: 15;\">1</div>\n<div class=\"t m0 x5e h52 y605 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 384px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y605 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 384px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 369px; z-index: 15;\">Tax exempt realised reserves<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 369px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 369px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 696px; bottom: 369px; z-index: 15;\">2</div>\n<div class=\"t m0 x5d h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 369px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y638 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 354px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y638 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 354px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y638 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 354px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y638 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 354px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y638 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 354px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h54 y5f4 ff325 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 340px; z-index: 15;\">Total de<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d tax lia<span class=\"_ _2b\"></span>bilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y5f4 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 340px; z-index: 15;\">(210)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 340px; z-index: 15;\">1,884<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h54 y5f4 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 340px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f4 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 791px; bottom: 340px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y638 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 325px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y638 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 515px; bottom: 325px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y638 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 608px; bottom: 325px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y638 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 701px; bottom: 325px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y638 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 325px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff325 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 310px; z-index: 15;\">Deferred tax income (expense)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h54 y60e ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 515px; bottom: 310px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h54 y60e ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 608px; bottom: 310px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h54 y60e ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 310px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h54 y60e ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 310px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 295px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y70b ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 515px; bottom: 295px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y70b ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 608px; bottom: 295px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y70b ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 701px; bottom: 295px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y70b ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 295px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff325 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 280px; z-index: 15;\">Net deferred tax asset (liability)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h54 y60e ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 280px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y60e ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 587px; bottom: 280px; z-index: 15;\">(871)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 269px; height: 692px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 269px; height: 692px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d income tax ass<span class=\"_ _2b\"></span>ets and liabil<span class=\"_ _0\"></span>ities a<span class=\"_ _0\"></span>re offset<span class=\"_ _0\"></span> when t<span class=\"_ _0\"></span>here is a <span class=\"_ _0\"></span>legally<span class=\"_ _0\"></span> enforc<span class=\"_ _0\"></span>eable ri<span class=\"_ _2b\"></span>ght to offset cur<span class=\"_ _2b\"></span>rent tax assets <span class=\"_ _0\"></span><span class=\"lse2 ws103\">against current<span class=\"_ _2\"></span> tax liabilities and </span></div>\n<div class=\"t m0 x7 h4f y803 ff328 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">when the de<span class=\"_ _2\"></span>ferred income <span class=\"lse0 wsf0\">taxes relate to th<span class=\"_ _0\"></span>e same taxat<span class=\"_ _2b\"></span>ion authority. The am<span class=\"_ _2b\"></span>ounts in the statem<span class=\"_ _2b\"></span>ent of financial pos<span class=\"_ _0\"></span>ition aft<span class=\"_ _2b\"></span>er such offsettin<span class=\"_ _0\"></span>g are as </span></div>\n<div class=\"t m0 x7 h4f y804 ff328 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">follows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ff328 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff328 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1033px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5ff ff328 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff328 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff328 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff328 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff328 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff328 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1003px; z-index: 15;\">Deferred tax asset<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff328 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1003px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff328 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1003px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff328 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 988px; z-index: 15;\">Deferred tax liability<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff328 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 988px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff328 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 988px; z-index: 15;\">971<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff32a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 973px; z-index: 15;\">Net deferred tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff32a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 973px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5f4 ff32a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 973px; z-index: 15;\">(871)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1135 ff328 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1136 ff328 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1137 ff328 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As at 31<span class=\"ls0 ws0\"> </span><span class=\"wsef\">Decem<span class=\"_ _0\"></span>ber <span class=\"lse2 wsf1\">2022<span class=\"lsf4 ws10c\">, </span></span><span class=\"wsf0\">the current tax as<span class=\"_ _0\"></span>sets rec<span class=\"_ _0\"></span>orded in equ<span class=\"_ _0\"></span>ity </span></span></div>\n<div class=\"t m0 x7 h4f y1138 ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amounts<span class=\"_ _0\"></span> to <span class=\"lse2 wsf1\">EUR<span class=\"ls0 ws0\"> </span>34 <span class=\"ls102 ws11d\">mill<span class=\"_ _2\"></span>ion<span class=\"ls0 ws0\"> (</span></span>2021<span class=\"lsfa ws11e\">: E<span class=\"_ _2\"></span>UR<span class=\"ls0 ws0\"> </span></span><span class=\"ws103\">(42) million curren<span class=\"_ _2\"></span>t tax liability). </span></span></div>\n<div class=\"t m0 x7 h4f y1139 ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The net d<span class=\"_ _2b\"></span>eferred tax ass<span class=\"_ _0\"></span>ets rec<span class=\"_ _0\"></span>orded i<span class=\"_ _0\"></span>n equity i<span class=\"_ _2b\"></span>s EUR 684 milli<span class=\"_ _0\"></span>on <span class=\"ls0 ws0\">(<span class=\"lse2 wsf1\">2021: </span></span></div>\n<div class=\"t m0 x7 h4f y113a ff328 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR (841) <span class=\"ls102 ws11d\">million<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">net def<span class=\"_ _0\"></span>erred ta<span class=\"_ _0\"></span>x liabilit<span class=\"_ _2b\"></span>y).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y113b ff328 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y113c ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax assets a<span class=\"_ _0\"></span>re recog<span class=\"_ _0\"></span>nised to<span class=\"_ _0\"></span> the exte<span class=\"_ _2b\"></span>nt that it is pr<span class=\"_ _0\"></span>obable t<span class=\"_ _0\"></span>hat</div>\n<div class=\"t m0 x7 h4f y113d ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">there wi<span class=\"_ _0\"></span>ll be suf<span class=\"_ _0\"></span>ficient<span class=\"_ _2b\"></span> future taxabl<span class=\"_ _0\"></span>e profit<span class=\"_ _0\"></span> against<span class=\"_ _0\"></span> which t<span class=\"_ _2b\"></span>he deferred tax</div>\n<div class=\"t m0 x7 h4f y113e ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">asset ca<span class=\"_ _2b\"></span>n be utilised. D<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d tax ass<span class=\"_ _2b\"></span>ets have be<span class=\"wsf0\">en rec<span class=\"_ _2b\"></span>ognised on </span></div>\n<div class=\"t m0 x1a h4f y1d03 ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unused <span class=\"_ _0\"></span>(claime<span class=\"_ _0\"></span>d) tax los<span class=\"_ _0\"></span>ses an<span class=\"_ _0\"></span>d unuse<span class=\"_ _0\"></span>d tax cre<span class=\"_ _0\"></span>dits at a<span class=\"_ _0\"></span>n estim<span class=\"_ _0\"></span>ated tax</div>\n<div class=\"t m0 x1a h4f y1d04 ff328 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of <span class=\"lse2 wsfa\">EUR 73 million (20<span class=\"_ _2\"></span>21: EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">79<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">mi<span class=\"_ _2\"></span>llion).</span> </span></span><span class=\"lse0\">The tax loss<span class=\"_ _2b\"></span>es that </span></span></div>\n<div class=\"t m0 x1a h4f y1d05 ff328 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have not be<span class=\"_ _0\"></span>en recogn<span class=\"_ _2b\"></span>ised amount to EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">3,374</span> </span>millio<span class=\"_ _0\"></span>n at 31 Decem<span class=\"_ _0\"></span>ber</div>\n<div class=\"t m0 x1a h4f y1d06 ff328 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">2022 (2021:<span class=\"_ _2\"></span> EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">3,200<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">mil<span class=\"_ _2\"></span>lion). </span></span><span class=\"ws103\">Most of the<span class=\"_ _2\"></span> (claimed) tax loss carry </span></span></div>\n<div class=\"t m0 x1a h4f y1d07 ff328 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">forward posi<span class=\"_ _2\"></span>tion originates from the liqu<span class=\"_ _2\"></span>idation of Brussels Liquida<span class=\"_ _2\"></span>tion</div>\n<div class=\"t m0 x1a h4f y1d08 ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Holding <span class=\"_ _0\"></span>(the fo<span class=\"_ _0\"></span>rmer Fort<span class=\"_ _2b\"></span>is Brussels, t<span class=\"_ _2b\"></span>he company th<span class=\"_ _0\"></span>at held t<span class=\"_ _2b\"></span>he Fortis</div>\n<div class=\"t m0 x1a h4f y1d09 ff328 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">banking o<span class=\"_ _0\"></span>peratio<span class=\"_ _0\"></span>ns). Tax<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">wise, the l<span class=\"_ _0\"></span>oss on th<span class=\"_ _0\"></span>e sale of<span class=\"_ _0\"></span> the Fo<span class=\"_ _0\"></span>rtis Ba<span class=\"_ _0\"></span>nk </span></span></div>\n<div class=\"t m0 x1a h4f y1d0a ff328 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">only <span class=\"lse0 wsfa\">materialise<span class=\"_ _0\"></span>d at th<span class=\"_ _0\"></span>e moment <span class=\"_ _2b\"></span>of liquidatio<span class=\"_ _0\"></span>n.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 805px; height: 301px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 805px; height: 301px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">RPN (I)</div>\n<div class=\"t m0 x7 h63 y714 ff32e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">The RPN(I) is a financial <span class=\"_ _0\"></span>in<span class=\"lsf8 ws112\">strument </span></div>\n<div class=\"t m0 x7 h63 y715 ff32e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">that results in quarterly payments</div>\n<div class=\"t m0 x7 h63 y716 ff32e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">being made to, or received f<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>om,</div>\n<div class=\"t m0 x7 h63 y717 ff32e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">BNP Paribas Fortis SA/NV<span class=\"_ _0\"></span>.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">BNP Pa<span class=\"_ _0\"></span>ribas For<span class=\"_ _0\"></span>tis SA/N<span class=\"_ _2b\"></span>V issued CASH<span class=\"_ _0\"></span>ES secu<span class=\"_ _2b\"></span>rities in 2007 w<span class=\"_ _2b\"></span>ith Ageas SA/N<span class=\"_ _2b\"></span>V as co<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">obligo<span class=\"_ _2\"></span>r. </span></span></div>\n<div class=\"t m0 x26 h4f y725 ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">CASHES are <span class=\"_ _2\"></span>exchangeable securities <span class=\"_ _2\"></span>that are exchange<span class=\"_ _2\"></span>d into Age<span class=\"ws103\">as share<span class=\"_ _2\"></span>s at a pre<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">set price of </span></span></span></div>\n<div class=\"t m0 x26 h4f y726 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 239.<span class=\"_ _0\"></span>40 per shar<span class=\"_ _0\"></span>e. BNP Pari<span class=\"_ _0\"></span>bas Forti<span class=\"_ _0\"></span>s SA/NV an<span class=\"_ _0\"></span>d Ageas SA/<span class=\"_ _0\"></span>NV, at that poi<span class=\"_ _2b\"></span>nt in time both part</div>\n<div class=\"t m0 x26 h4f y727 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the Fort<span class=\"_ _0\"></span>is group, int<span class=\"_ _0\"></span>roduce<span class=\"_ _0\"></span>d a Relative<span class=\"_ _0\"></span> Performa<span class=\"_ _2b\"></span>nce Note, design<span class=\"_ _0\"></span>ed to avoid acc<span class=\"_ _2b\"></span>ounting volati<span class=\"_ _0\"></span>lity</div>\n<div class=\"t m0 x26 h4f y728 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the Ageas s<span class=\"_ _0\"></span>hares an<span class=\"_ _0\"></span>d on the CASHE<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>va<span class=\"_ _0\"></span>lued at fair v<span class=\"_ _0\"></span>alue in the bo<span class=\"_ _0\"></span>oks of BNP Par<span class=\"_ _2b\"></span>ibas Fortis</div>\n<div class=\"t m0 x26 h4f y729 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">SA/NV. Up<span class=\"_ _2b\"></span>on the break<span class=\"ls0 ws0\">-</span>up of Fortis in<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>2009,<span class=\"_ _0\"></span> BNP Pariba<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>Fort<span class=\"_ _2b\"></span>is SA/NV and Ageas a<span class=\"_ _0\"></span>greed to pay</div>\n<div class=\"t m0 x26 h4f y72a ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t on a ref<span class=\"_ _0\"></span>erence a<span class=\"_ _0\"></span>mount st<span class=\"_ _2b\"></span>ated in this R<span class=\"_ _0\"></span>elativ<span class=\"_ _0\"></span>e Perfor<span class=\"_ _0\"></span>mance N<span class=\"_ _0\"></span>ote. Th<span class=\"_ _0\"></span>e quarte<span class=\"_ _2b\"></span>rly interest</div>\n<div class=\"t m0 x26 h4f y72b ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span> is value<span class=\"_ _2b\"></span>d as a financial<span class=\"_ _0\"></span> instr<span class=\"_ _0\"></span>ument an<span class=\"_ _0\"></span>d referr<span class=\"_ _0\"></span>ed to as<span class=\"_ _0\"></span> RPN(I).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y72c ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydf7 ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The RPN(I<span class=\"_ _2b\"></span>) exists to the <span class=\"_ _2b\"></span>extent that C<span class=\"_ _0\"></span>ASHES s<span class=\"_ _0\"></span>ecuriti<span class=\"_ _0\"></span>es rema<span class=\"_ _0\"></span>in outst<span class=\"_ _0\"></span>anding.<span class=\"_ _0\"></span> Origin<span class=\"_ _0\"></span>ally, 12,<span class=\"_ _0\"></span>000</div>\n<div class=\"t m0 x26 h4f ydf8 ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">CASHES securi<span class=\"_ _2\"></span>ties were issued i<span class=\"_ _2\"></span>n 2007. In Febr<span class=\"_ _2\"></span>uary 2012 BNP Pariba<span class=\"_ _2\"></span>s launched a pub<span class=\"_ _2\"></span>lic tend<span class=\"ws103\">er on </span></div>\n<div class=\"t m0 x26 h4f ydf9 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">CASHES at<span class=\"_ _0\"></span> a price of 47.<span class=\"_ _0\"></span>5% and exc<span class=\"_ _0\"></span>hanged 7,<span class=\"_ _0\"></span>553 tend<span class=\"_ _0\"></span>ered CAS<span class=\"_ _0\"></span>HES secur<span class=\"_ _2b\"></span>ities into Ageas sha<span class=\"_ _2b\"></span>res;</div>\n<div class=\"t m0 x26 h4f ydfa ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas agreed<span class=\"_ _2\"></span> to pay a EUR <span class=\"_ _2\"></span>287 million indemni<span class=\"_ _2\"></span>ty to BNP Pariba<span class=\"_ _2\"></span>s as the exchange<span class=\"_ _2\"></span> triggered a pro</div>\n<div class=\"t m0 x26 h4f ydfb ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rata ca<span class=\"_ _0\"></span>ncellati<span class=\"_ _2b\"></span>on of the RPN(I<span class=\"_ _0\"></span>) liabil<span class=\"_ _0\"></span>ity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ydfc ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydfd ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In May 2015 A<span class=\"_ _0\"></span>geas and BN<span class=\"_ _0\"></span>P Paribas<span class=\"_ _0\"></span> agreed that<span class=\"_ _0\"></span> BNP Paribas<span class=\"_ _0\"></span> could pu<span class=\"_ _0\"></span>rchase C<span class=\"_ _0\"></span>ASHES fro<span class=\"_ _0\"></span>m</div>\n<div class=\"t m0 x26 h4f ydfe ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">individ<span class=\"_ _2b\"></span>ual investors at any<span class=\"_ _0\"></span> given time, un<span class=\"_ _2b\"></span>der the condition<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>that th<span class=\"_ _0\"></span>e purchas<span class=\"_ _2b\"></span>ed securities wou<span class=\"_ _0\"></span>ld be</div>\n<div class=\"t m0 x26 h4f ydff ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">exchang<span class=\"_ _2b\"></span>ed into Ageas s<span class=\"_ _0\"></span>hares; <span class=\"_ _0\"></span>at such e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e the pr<span class=\"_ _0\"></span>o rata pa<span class=\"_ _0\"></span>rt of the <span class=\"_ _2b\"></span>RPN(I) liabil<span class=\"_ _0\"></span>ity wo<span class=\"lse2 ws103\">uld be </span></div>\n<div class=\"t m0 x26 h4f ye00 ff32c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">paid to BNP Paribas<span class=\"_ _2\"></span>, while Ageas would receive a<span class=\"_ _2\"></span> break<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">up fee w<span class=\"_ _0\"></span>hich was<span class=\"_ _0\"></span> subject<span class=\"_ _0\"></span> to the<span class=\"_ _0\"></span> price at </span></span></div>\n<div class=\"t m0 x26 h4f ye01 ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">which BNP Pa<span class=\"_ _2\"></span>ribas succeeded i<span class=\"_ _2\"></span>n purchasing CASHES<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ye02 ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ye03 ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">BNP Paribas <span class=\"_ _2\"></span>purchased and exch<span class=\"_ _2\"></span>anged 656 CASHES under<span class=\"_ _2\"></span> this agreement <span class=\"_ _2\"></span>in the first n<span class=\"_ _2\"></span>ine months</div>\n<div class=\"t m0 x26 h4f ye04 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of 2016; Ag<span class=\"_ _0\"></span>eas paid EU<span class=\"_ _0\"></span>R<span class=\"ls0 ws0\"> </span>44 million for t<span class=\"_ _0\"></span>he pro rata set<span class=\"_ _0\"></span>tlem<span class=\"_ _0\"></span>ent of the RPN<span class=\"_ _2b\"></span>(I), after the dedu<span class=\"_ _0\"></span>ction of</div>\n<div class=\"t m0 x26 h4f ye05 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the recei<span class=\"_ _0\"></span>ved break<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">up <span class=\"_ _2\"></span>fee. The agreement be<span class=\"_ _2\"></span>tween Ageas and BNP<span class=\"_ _2\"></span> Paribas expired a<span class=\"_ _2\"></span>t year</span>-<span class=\"lse0 wsef\">end </span></span></div>\n<div class=\"t m0 x26 h4f y1d1b ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">2016 and w<span class=\"_ _2\"></span>as not renewed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d1c ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d1d ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the seco<span class=\"_ _0\"></span>nd half of 202<span class=\"_ _2b\"></span>2 Ageas settled part of<span class=\"_ _0\"></span> the RPN(I) f<span class=\"_ _0\"></span>or an amou<span class=\"_ _0\"></span>nt of EUR<span class=\"ls0 ws0\"> </span>46.6 mi<span class=\"_ _2b\"></span>llion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d1e ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d1f ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At 31 Decem<span class=\"_ _0\"></span>ber 2022, 3,<span class=\"_ _2b\"></span>326 CASHES rem<span class=\"_ _0\"></span>ained outst<span class=\"_ _2b\"></span>anding.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 381px; height: 580px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 381px; height: 580px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 381px; height: 580px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff332 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Referenc<span class=\"_ _2b\"></span>e amount and inte<span class=\"_ _0\"></span>rest paid<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The refere<span class=\"_ _2b\"></span>nce amount is calcul<span class=\"_ _2b\"></span>ated as follows:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff334 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff335\"> <span class=\"_ _46\"> </span><span class=\"ff332 lse2 ws103\">th<span class=\"_ _2\"></span>e difference <span class=\"lse0 wsf0\">between E<span class=\"_ _0\"></span>UR 2,350 mi<span class=\"_ _0\"></span>llion an<span class=\"_ _0\"></span>d the market<span class=\"_ _0\"></span> value of </span></span></span></div>\n<div class=\"t m0 x43 h4f y805 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">13 millio<span class=\"_ _0\"></span>n Ageas shar<span class=\"_ _2b\"></span>es in which the instr<span class=\"_ _0\"></span>ument is exc<span class=\"_ _2b\"></span>hanged, less<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff334 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff335\"> <span class=\"_ _46\"> </span><span class=\"ff332 lse0 wsfa\">the differenc<span class=\"_ _2b\"></span>e between EUR <span class=\"_ _0\"></span>3,000 mi<span class=\"_ _0\"></span>llion is<span class=\"_ _2b\"></span>sued and the ma<span class=\"_ _0\"></span>rket </span></span></div>\n<div class=\"t m0 x43 h4f y807 ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value of<span class=\"_ _0\"></span> the CAS<span class=\"_ _0\"></span>HES as q<span class=\"_ _0\"></span>uoted by t<span class=\"_ _2b\"></span>he Luxembou<span class=\"_ _0\"></span>rg Stock<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x43 h4f y808 ff332 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Exchange, <span class=\"lse0 wsf0\">multiplied by<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y809 ff334 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff335\"> <span class=\"_ _46\"> </span><span class=\"ff332 lse0 wsf0\">the number of CASH<span class=\"_ _0\"></span>ES securit<span class=\"_ _2b\"></span>ies outstanding (<span class=\"_ _2b\"></span>3,326 at </span></span></div>\n<div class=\"t m0 x43 h4f y80a ff332 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">Decemb<span class=\"_ _0\"></span>er 2022) div<span class=\"_ _0\"></span>ided by the n<span class=\"_ _0\"></span>umber of CA<span class=\"_ _0\"></span>SHES sec<span class=\"_ _0\"></span>urities </span></div>\n<div class=\"t m0 x43 h4f y80b ff332 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">originally <span class=\"_ _2\"></span>issued (12,000).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80c ff332 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80d ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas pays<span class=\"_ _0\"></span> interes<span class=\"_ _2b\"></span>t <span class=\"_ _2\"></span>to BN<span class=\"_ _0\"></span>P Paribas<span class=\"_ _0\"></span> Fortis SA/N<span class=\"_ _2b\"></span>V on the average</div>\n<div class=\"t m0 x7 h4f y80e ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">referenc<span class=\"_ _2b\"></span>e amount in the <span class=\"_ _0\"></span>quarte<span class=\"_ _0\"></span>r (if<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">the abov<span class=\"_ _0\"></span>e outcom<span class=\"_ _0\"></span>e becomes<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y80f ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">negativ<span class=\"_ _0\"></span>e BNP Pariba<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>Fort<span class=\"_ _2b\"></span>is SA/NV will pay Age<span class=\"_ _2b\"></span>as); the interest</div>\n<div class=\"t m0 x7 h4f y810 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amounts<span class=\"_ _0\"></span> to 3 month Eur<span class=\"_ _0\"></span>ibor plus 90 b<span class=\"_ _0\"></span>asis point<span class=\"_ _0\"></span>s. Ageas pl<span class=\"_ _0\"></span>edged 5.5%<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y90a ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the tot<span class=\"_ _2b\"></span>al AG Insuranc<span class=\"_ _2b\"></span>e shares outs<span class=\"_ _0\"></span>tanding <span class=\"_ _0\"></span>in favou<span class=\"_ _2b\"></span>r of BNP Paribas<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y90b ff332 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Fortis SA/NV.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d0 ff332 fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">Valuation <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d1 ff332 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ag<span class=\"lse0 wsfa\">eas appl<span class=\"_ _0\"></span>ies a tr<span class=\"_ _0\"></span>ansfer n<span class=\"_ _0\"></span>otion to <span class=\"_ _0\"></span>arrive at<span class=\"_ _0\"></span> the fai<span class=\"_ _2b\"></span>r value of the R<span class=\"_ _2b\"></span>PN(I) </span></div>\n<div class=\"t m0 x7 h4f y8d2 ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y. Fai<span class=\"_ _0\"></span>r value i<span class=\"_ _0\"></span>s defined <span class=\"_ _2b\"></span>in IFRS 13 as th<span class=\"_ _0\"></span>e price t<span class=\"_ _2b\"></span>hat would be</div>\n<div class=\"t m0 x7 h4f y8d3 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to sell<span class=\"_ _0\"></span> an asset or p<span class=\"_ _0\"></span>aid to transf<span class=\"_ _2b\"></span>er a liability in an ord<span class=\"_ _2b\"></span>erly</div>\n<div class=\"t m0 x1a h4f y1372 ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion between m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>articip<span class=\"_ _2b\"></span>ants a<span class=\"lse2\">t the <span class=\"_ _2\"></span>measurement date. T<span class=\"_ _2\"></span>he </span></div>\n<div class=\"t m0 x1a h4f y1373 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">definit<span class=\"_ _0\"></span>ion is expl<span class=\"_ _0\"></span>icitly des<span class=\"_ _2b\"></span>cribed as an exit pri<span class=\"_ _0\"></span>ce, linke<span class=\"_ _0\"></span>d with the pric<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y1d21 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">'paid to tra<span class=\"_ _2b\"></span>nsfer a liability'. W<span class=\"_ _2b\"></span>hen such pricing is not<span class=\"_ _0\"></span> availab<span class=\"_ _0\"></span>le and the</div>\n<div class=\"t m0 x1a h4f y1d22 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y is held by a<span class=\"_ _0\"></span>nother ent<span class=\"_ _2b\"></span>ity as an asset, the liab<span class=\"_ _0\"></span>ility nee<span class=\"_ _0\"></span>ds to be</div>\n<div class=\"t m0 x1a h4f y1d23 ff332 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">val<span class=\"lse0 wsfa\">ued fro<span class=\"_ _0\"></span>m the pe<span class=\"_ _2b\"></span>rspective of t<span class=\"_ _0\"></span>he mark<span class=\"_ _0\"></span>et parti<span class=\"_ _0\"></span>cipant t<span class=\"_ _0\"></span>hat hol<span class=\"_ _2b\"></span>ds the </span></div>\n<div class=\"t m0 x1a h4f y1d24 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset. A<span class=\"_ _0\"></span>geas value<span class=\"_ _0\"></span>s its liabi<span class=\"_ _0\"></span>lity at the refe<span class=\"_ _2b\"></span>rence amount. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1d25 ff332 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d26 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The RPN ref<span class=\"_ _0\"></span>erence am<span class=\"_ _0\"></span>ount is base<span class=\"_ _2b\"></span>d on the CASHES price an<span class=\"_ _0\"></span>d the</div>\n<div class=\"t m0 x1a h4f y1d27 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas sha<span class=\"_ _2b\"></span>re price. The refere<span class=\"_ _0\"></span>nce amount d<span class=\"_ _2b\"></span>ecreased from</div>\n<div class=\"t m0 x1a h4f y1d28 ff332 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">520.4</span> </span>mi<span class=\"lse0 wsf0\">llion at year<span class=\"ls0 ws0\">-</span>end 20<span class=\"_ _0\"></span>21 to EUR<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">334.3 million at </span></span></span></div>\n<div class=\"t m0 x1a h4f y1d29 ff332 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Decemb<span class=\"_ _0\"></span>er 2022,<span class=\"_ _0\"></span> driven b<span class=\"_ _0\"></span>y the part<span class=\"_ _2b\"></span>ial settleme<span class=\"_ _2b\"></span>nt of the RPN(I<span class=\"_ _0\"></span>) and by </span></div>\n<div class=\"t m0 x1a h4f y1d2a ff332 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the decrease<span class=\"_ _2\"></span> in the CASHES price from 95.61% at<span class=\"_ _2\"></span> 31<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">December<span class=\"ls0 ws0\"> </span>2021 </span></div>\n<div class=\"t m0 x1a h4f y1d2b ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to 79.17% at<span class=\"_ _0\"></span> 31<span class=\"ls0 ws0\"> </span><span class=\"wsef\">Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">2022, whi<span class=\"_ _0\"></span>ch was partly<span class=\"_ _0\"></span> offset<span class=\"_ _0\"></span> by the </span></span></div>\n<div class=\"t m0 x1a h4f y1d2c ff332 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">decrease in the Age<span class=\"_ _2\"></span>as share price from EUR<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">45.<span class=\"_ _0\"></span>55 to EUR<span class=\"ls0 ws0\"> </span>41.4<span class=\"_ _0\"></span>2 over </span></span></div>\n<div class=\"t m0 x1a h4f y1d2d ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the same pe<span class=\"_ _0\"></span>riod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1376 ff332 fs3a fc10 sc0 lse0 wsfa\" style=\"z-index: 15;\">Sensit<span class=\"_ _0\"></span>ivity of R<span class=\"_ _2b\"></span>PN(I) value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1377 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At 31 Decem<span class=\"_ _0\"></span>ber 2022, e<span class=\"_ _0\"></span>ach 1% incr<span class=\"_ _2b\"></span>ease in the CASHES pr<span class=\"_ _0\"></span>ice,</div>\n<div class=\"t m0 x1a h4f y1378 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">express<span class=\"_ _0\"></span>ed as a perce<span class=\"_ _2b\"></span>ntage of its nominal v<span class=\"_ _0\"></span>alue, lea<span class=\"_ _0\"></span>ds to an incre<span class=\"_ _0\"></span>ase of</div>\n<div class=\"t m0 x1a h4f y1d2e ff332 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">8.3 million i<span class=\"_ _0\"></span>n the <span class=\"wsf0\">ref<span class=\"_ _2b\"></span>erence amount, wh<span class=\"_ _0\"></span>ile each EUR<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">1.00 i<span class=\"_ _0\"></span>ncrease </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1d2f ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the Ag<span class=\"_ _0\"></span>eas shar<span class=\"_ _2b\"></span>e price decre<span class=\"_ _0\"></span>ases th<span class=\"_ _0\"></span>e refere<span class=\"_ _0\"></span>nce amo<span class=\"_ _0\"></span>unt by</div>\n<div class=\"t m0 x1a h4f y1d30 ff332 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">3.5<span class=\"_ _2\"></span></span> <span class=\"ls102 ws11d\">million.</span> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 755px; height: 351px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 755px; height: 351px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 755px; height: 351px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"_ _2b\"></span>ccrued in<span class=\"_ _2b\"></span>terest and</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">other liabilities</div>\n<div class=\"t m0 x66 h52 y5f4 ff336 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff336 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Deferred revenues<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">155<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Accrued finance <span class=\"lse5 wsf5\">costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Accrued other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives held for he<span class=\"_ _0\"></span>dging purposes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 726px; z-index: 15;\">Derivatives held for tra<span class=\"_ _0\"></span>ding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 726px; z-index: 15;\">3</div>\n<div class=\"t m0 xd2 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 726px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 711px; z-index: 15;\">Defined benefit pension liabilitie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 711px; z-index: 15;\">576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 711px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Defined benefit liabilities o<span class=\"_ _0\"></span>ther than pension<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 697px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Termination benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5ff ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y601 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Other long<span class=\"ls0 ws0\">-</span>term employee benefit liabili<span class=\"_ _0\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 667px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 667px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Short<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">term employee benefit liabilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 652px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Liabilities related to wri<span class=\"_ _0\"></span>tten put options on NC<span class=\"_ _0\"></span>I<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 637px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 637px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 622px; z-index: 15;\">Accounts payable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 622px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 622px; z-index: 15;\">213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 607px; z-index: 15;\">Due to agents, policyh<span class=\"_ _0\"></span>olders and intermediaries<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 607px; z-index: 15;\">450<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 607px; z-index: 15;\">485<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">VAT and <span class=\"wsf6\">other taxes payable<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 593px; z-index: 15;\">148<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 593px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Dividends payable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 578px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 578px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Due to reinsurers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 563px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 563px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Other liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 548px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 548px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff338 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff338 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 533px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff338 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 533px; z-index: 15;\">2,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d41 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1d42 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1d43 ff336 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Details o<span class=\"_ _2\"></span>f employee benefit<span class=\"_ _2\"></span> liabilities can <span class=\"_ _2\"></span>be found in <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">ote<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">6 <span class=\"lse1 wsf0\">section </span>6<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">.1 </span></span></span></div>\n<div class=\"t m0 x7 h4f y1d44 ff336 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee bene<span class=\"_ _2\"></span>fits. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d45 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d46 ff336 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line it<span class=\"_ _0\"></span>em <span class=\"ls0 ws0\">\u2018<span class=\"lse2 ws103\">Other li<span class=\"_ _2\"></span>abilities</span>\u2019 </span>includes payab<span class=\"_ _2b\"></span>les related to the cl<span class=\"_ _0\"></span>earing</div>\n<div class=\"t m0 x1a h4f y1d47 ff336 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of secur<span class=\"_ _0\"></span>ities tr<span class=\"_ _2b\"></span>ansactions,<span class=\"ls0 ws0\"> </span><span class=\"lse2\">collateral on </span><span class=\"wsf0\">interest rat<span class=\"_ _0\"></span>e swaps,<span class=\"ls0 ws0\"> <span class=\"lsfb wsfa\">cash </span></span></span></div>\n<div class=\"t m0 x1a h4f y1d48 ff336 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">received awai<span class=\"_ _2\"></span>ti<span class=\"lse0 wsf0\">ng al<span class=\"_ _0\"></span>location<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>to inv<span class=\"_ _2b\"></span>estments and sma<span class=\"_ _0\"></span>ll expense<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>to be </span></div>\n<div class=\"t m0 x1a h4f y1d49 ff336 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">paid.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1d4a ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d4b ff336 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Details of<span class=\"_ _0\"></span> derivati<span class=\"_ _0\"></span>ves can be fo<span class=\"_ _0\"></span>und in Note 27 D<span class=\"_ _0\"></span>erivati<span class=\"_ _0\"></span>ves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 397px; height: 428px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 397px; height: 564px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 397px; height: 564px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 397px; height: 564px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 397px; height: 564px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 397px; height: 564px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff33b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred revenu<span class=\"_ _2\"></span>es and accrued amounts are consi<span class=\"_ _2\"></span>dered to be short term liab<span class=\"_ _2\"></span>ilities with a maturity of<span class=\"_ _2\"></span> less than one year. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff33b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y804 ff33b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>bles show the undiscounted cash<span class=\"_ _2\"></span> flows of <span class=\"wsfa\">Accounts payable,<span class=\"_ _2\"></span> Due to agents<span class=\"_ _2\"></span>, policy holders a<span class=\"_ _2\"></span>nd intermediaries<span class=\"_ _2\"></span>, VAT and <span class=\"lse0\">other tax </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff33b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payable,<span class=\"_ _0\"></span> Dividen<span class=\"_ _0\"></span>ds payab<span class=\"_ _0\"></span>le, Due to re<span class=\"_ _0\"></span>insurers<span class=\"_ _0\"></span> and other li<span class=\"_ _2b\"></span>abilities class<span class=\"_ _0\"></span>ified by rel<span class=\"_ _2b\"></span>evant maturity<span class=\"_ _0\"></span> group. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff33b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 1018px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 544px; bottom: 1018px; z-index: 15;\">1 to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 646px; bottom: 1018px; z-index: 15;\">3 to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 725px; bottom: 1018px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff33b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Undiscounted cashflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 987px; z-index: 15;\">1,180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 987px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y608 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 987px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 987px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff33d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 972px; z-index: 15;\">1,180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 972px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h54 y603 ff33d fs3c fc10 sc0 ls0 ws0\" style=\"left: 687px; bottom: 972px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 972px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 927px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 927px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 544px; bottom: 927px; z-index: 15;\">1 to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 646px; bottom: 927px; z-index: 15;\">3 to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 725px; bottom: 927px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Undiscounted cashflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 897px; z-index: 15;\">1,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 897px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f2 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 897px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 897px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff33d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 882px; z-index: 15;\">1,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 882px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h54 ydd0 ff33d fs3c fc10 sc0 ls0 ws0\" style=\"left: 687px; bottom: 882px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 882px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 871px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 871px; height: 235px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 871px; height: 235px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 871px; height: 235px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 871px; height: 235px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">Pro<span class=\"_ _1\"></span>vi<span class=\"_ _2\"></span>sions</div>\n<div class=\"t m0 x7 h63 y714 ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">The provisions mainly relat<span class=\"_ _0\"></span>e to</div>\n<div class=\"t m0 x7 h63 y715 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">legal disputes and reorganisations</div>\n<div class=\"t m0 x7 h63 y716 ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">and are based on best estim<span class=\"_ _0\"></span>ates</div>\n<div class=\"t m0 x7 h63 y717 ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">available at period<span class=\"ls0\">-<span class=\"lsf8 ws16a\">end based on </span></span></div>\n<div class=\"t m0 x7 h63 y718 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">management judgement, in most</div>\n<div class=\"t m0 x7 h63 y719 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">cases supported by the opinion of</div>\n<div class=\"t m0 x7 h63 y71a ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">legal advisors. The tim<span class=\"_ _0\"></span>ing of the</div>\n<div class=\"t m0 x7 h63 y71b ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">outflow of cash related to these</div>\n<div class=\"t m0 x7 h63 y71c ff341 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">provisio<span class=\"ws0\">ns is by nature unce<span class=\"_ _0\"></span>rtain </span></div>\n<div class=\"t m0 x7 h63 y71d ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">given the unpredictability of the</div>\n<div class=\"t m0 x7 h63 y71e ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">outcome and the time involved in</div>\n<div class=\"t m0 x7 h63 y71f ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">concluding litigations/disp<span class=\"_ _0\"></span>utes. We</div>\n<div class=\"t m0 x7 h63 y1670 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">refer to note 43 Contingent</div>\n<div class=\"t m0 x7 h63 y1671 ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">liabilities, which<span class=\"_ _0\"></span> describes the</div>\n<div class=\"t m0 x7 h63 y1672 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">various ongoing litigation</div>\n<div class=\"t m0 x7 h63 y1673 ff341 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">proceedings.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff33f fs3a fc10 sc0 lse0 wsfa\" style=\"z-index: 15;\">Global s<span class=\"_ _0\"></span>ettlem<span class=\"_ _0\"></span>ent relat<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\"> </span>to the Fortis ev<span class=\"_ _2b\"></span>ents of 2007 an<span class=\"_ _2b\"></span>d 2008<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y725 ff33f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 14 Marc<span class=\"_ _2b\"></span>h 2016, Ageas <span class=\"_ _0\"></span>and the c<span class=\"_ _2b\"></span>laimant orga<span class=\"_ _0\"></span>nisations<span class=\"_ _2b\"></span> Deminor, Stic<span class=\"_ _2b\"></span>hting FortisEf<span class=\"_ _0\"></span>fect, St<span class=\"_ _2b\"></span>ichting</div>\n<div class=\"t m0 x26 h4f y726 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>or Claims Ag<span class=\"_ _2b\"></span>ainst Fortis (SIC<span class=\"_ _0\"></span>AF) and VEB<span class=\"_ _0\"></span> announc<span class=\"_ _0\"></span>ed a settlem<span class=\"_ _2b\"></span>ent proposal with<span class=\"_ _0\"></span> respect<span class=\"_ _0\"></span> to all</div>\n<div class=\"t m0 x26 h4f y727 ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">civil pro<span class=\"_ _2\"></span>ceedings re<span class=\"lse0 wsf0\">lated to th<span class=\"_ _0\"></span>e former F<span class=\"_ _0\"></span>ortis grou<span class=\"_ _0\"></span>p for events<span class=\"_ _0\"></span> in 2007 and 200<span class=\"_ _2b\"></span>8 <span class=\"_ _2\"></span>for a<span class=\"_ _0\"></span>n amount of </span></div>\n<div class=\"t m0 x26 h4f y728 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 1.2 bil<span class=\"_ _0\"></span>lion. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y729 ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y72a ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on, Ageas an<span class=\"_ _2b\"></span>nounced on 14 Marc<span class=\"_ _0\"></span>h 2016 that it als<span class=\"_ _2b\"></span>o reached an agree<span class=\"_ _2b\"></span>ment with the D&amp;O</div>\n<div class=\"t m0 x26 h4f y72b ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insurers<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>the D<span class=\"_ _0\"></span>&amp;O\u2019s invo<span class=\"_ _0\"></span>lved in lit<span class=\"_ _0\"></span>igation a<span class=\"_ _2b\"></span>nd BNP Paribas Fort<span class=\"_ _2b\"></span>is <span class=\"_ _2\"></span><span class=\"wsfa\">to s<span class=\"_ _2b\"></span>ettle for an am<span class=\"_ _0\"></span>ount of <span class=\"_ _0\"></span>EUR 29<span class=\"_ _0\"></span>0 </span></div>\n<div class=\"t m0 x26 h4f y72c ff33f fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">million.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ydf7 ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydf8 ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 24 Mar<span class=\"_ _2\"></span>ch 2017, the Ams<span class=\"_ _2\"></span>terdam Appeal Cour<span class=\"_ _2\"></span>t held a public hear<span class=\"_ _2\"></span>ing during which<span class=\"_ _2\"></span> it heard the</div>\n<div class=\"t m0 x26 h4f ydf9 ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">request to decla<span class=\"_ _2\"></span>re the settlement binding as<span class=\"_ _2\"></span> well as the arguments that were su<span class=\"_ _2\"></span>bmitted against it.</div>\n<div class=\"t m0 x26 h4f ydfa ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 16 June 2017, th<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">e C<span class=\"_ _0\"></span>ourt to<span class=\"_ _0\"></span>ok the int<span class=\"_ _0\"></span>erim d<span class=\"_ _0\"></span>ecision n<span class=\"_ _2b\"></span>ot to declare t<span class=\"_ _0\"></span>he settl<span class=\"_ _0\"></span>ement bi<span class=\"_ _2b\"></span>nding in its </span></div>\n<div class=\"t m0 x26 h4f ydfb ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial forma<span class=\"_ _2\"></span>t. On 12 December 2017, the petition<span class=\"_ _2\"></span>ers filed an amended and re<span class=\"_ _2\"></span>stated settlement with</div>\n<div class=\"t m0 x26 h4f ydfc ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Amsterdam App<span class=\"_ _2\"></span>eal Court. This amended set<span class=\"_ _2\"></span>tlement took into consideration<span class=\"_ _2\"></span> th<span class=\"lse0 wsfa\">e mai<span class=\"_ _0\"></span>n conce<span class=\"_ _2b\"></span>rns of </span></div>\n<div class=\"t m0 x26 h4f ydfd ff33f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the Court<span class=\"_ _0\"></span> and th<span class=\"_ _0\"></span>e overa<span class=\"_ _0\"></span>ll budg<span class=\"_ _0\"></span>et was rais<span class=\"_ _2b\"></span>ed by EUR 100 m<span class=\"_ _2b\"></span>illion to EUR<span class=\"ls0 ws0\"> </span>1.3 b<span class=\"_ _0\"></span>illion.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ydfe ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydff ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 13 <span class=\"_ _2\"></span>July 2018, the Ams<span class=\"_ _2\"></span>terdam Appeal Court <span class=\"_ _2\"></span>declared the settle<span class=\"_ _2\"></span>ment binding on El<span class=\"_ _2\"></span>igible</div>\n<div class=\"t m0 x26 h4f ye00 ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Shareholders<span class=\"_ _2\"></span> (i.e. persons who<span class=\"_ _2\"></span> held Fortis share<span class=\"_ _2\"></span>s at any time<span class=\"_ _2\"></span> bet<span class=\"lse0 wsf0\">ween c<span class=\"_ _0\"></span>lose of bus<span class=\"_ _0\"></span>iness on 28 </span></div>\n<div class=\"t m0 x26 h4f ye01 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Februa<span class=\"_ _0\"></span>ry 2007 and<span class=\"_ _0\"></span> close of busi<span class=\"_ _0\"></span>ness on 14 Oct<span class=\"_ _0\"></span>ober 2008) i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>acc<span class=\"_ _0\"></span>ordance w<span class=\"_ _2b\"></span>ith <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>Dutc<span class=\"_ _2b\"></span>h Act on</div>\n<div class=\"t m0 x26 h4f ye02 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Collect<span class=\"_ _0\"></span>ive Settl<span class=\"_ _2b\"></span>ement of Mass Claims<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>(Wet Co<span class=\"_ _2b\"></span>llectieve Afwik<span class=\"_ _2b\"></span>keling Massasc<span class=\"_ _0\"></span>hade, \"WC<span class=\"_ _0\"></span>AM\"). In</div>\n<div class=\"t m0 x26 h4f ye03 ff33f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">declari<span class=\"_ _0\"></span>ng the s<span class=\"_ _0\"></span>ettleme<span class=\"_ _0\"></span>nt bindi<span class=\"_ _0\"></span>ng, the <span class=\"_ _0\"></span>Court <span class=\"lse2 ws103\">believed the compensation o<span class=\"_ _2\"></span>ffered under the settlement </span></div>\n<div class=\"t m0 x26 h4f ye04 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">was reas<span class=\"_ _0\"></span>onable and t<span class=\"_ _0\"></span>hat the claim<span class=\"_ _2b\"></span>ant organisati<span class=\"_ _0\"></span>ons Demin<span class=\"_ _0\"></span>or, SICAF<span class=\"_ _0\"></span> and Fortis<span class=\"_ _2b\"></span>Effect were</div>\n<div class=\"t m0 x26 h4f ye05 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">suffici<span class=\"_ _0\"></span>ently re<span class=\"_ _0\"></span>presenta<span class=\"_ _0\"></span>tive of the i<span class=\"_ _0\"></span>nteres<span class=\"_ _0\"></span>ts of the benef<span class=\"_ _0\"></span>iciari<span class=\"_ _2b\"></span>es of the settlement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d1b ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d1c ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 21 Dec<span class=\"_ _2\"></span>ember 2018, Ageas <span class=\"ws103\">ann<span class=\"_ _2\"></span>ounced that it had decided<span class=\"_ _2\"></span> to provide clarity ahead of<span class=\"_ _2\"></span> time by </span></div>\n<div class=\"t m0 x26 h4f y1d1d ff33f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">waiving <span class=\"_ _2b\"></span>its terminatio<span class=\"_ _2b\"></span>n right. As a c<span class=\"_ _0\"></span>onsequ<span class=\"_ _0\"></span>ence of t<span class=\"_ _0\"></span>his the s<span class=\"_ _0\"></span>ettlem<span class=\"_ _0\"></span>ent becam<span class=\"_ _2b\"></span>e final. The cl<span class=\"_ _0\"></span>aims fil<span class=\"_ _2b\"></span>ing</div>\n<div class=\"t m0 x26 h4f y1d1e ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period s<span class=\"_ _2\"></span>tarted on 27 July 201<span class=\"_ _2\"></span>8 and ended on<span class=\"_ _2\"></span> 28 July 2019. A<span class=\"_ _2\"></span>s at 31 December<span class=\"_ _2\"></span> 2022, an am<span class=\"lse0 wsf0\">ount of </span></div>\n<div class=\"t m0 x26 h4f y1d1f ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">EUR 1,309 <span class=\"_ _2\"></span>million had already<span class=\"_ _2\"></span> been paid out <span class=\"_ _2\"></span>to Eligible Sharehol<span class=\"_ _2\"></span>ders.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d20 ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d5e ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 23 June 2022, Agea<span class=\"_ _2\"></span>s announced that, except<span class=\"_ _2\"></span> for a limited number of unresolve<span class=\"_ _2\"></span>d claims, the</div>\n<div class=\"t m0 x26 h4f y1d5f ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">settlem<span class=\"_ _2b\"></span>ent would be closed. F<span class=\"_ _0\"></span>inal pay<span class=\"_ _0\"></span>ments foll<span class=\"_ _2b\"></span>owed at the end of Aug<span class=\"_ _0\"></span>ust 2022. Th<span class=\"_ _2b\"></span>e p<span class=\"lse1 ws11d\">otential costs </span></div>\n<div class=\"t m0 x26 h4f y1d60 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">that Age<span class=\"_ _0\"></span>as has agree<span class=\"_ _0\"></span>d to bear for th<span class=\"_ _2b\"></span>e unresolved clai<span class=\"_ _0\"></span>ms have be<span class=\"_ _0\"></span>en provid<span class=\"_ _0\"></span>ed for in the pr<span class=\"_ _0\"></span>ovision</div>\n<div class=\"t m0 x26 h4f y1d61 ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">mentioned below<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d62 ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d63 ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The main<span class=\"_ _2\"></span> components of the<span class=\"_ _2\"></span> EUR<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">1.3</span> <span class=\"lse0 wsf0\">million provis<span class=\"_ _0\"></span>ion as at 31<span class=\"ls0 ws0\"> </span>Dece<span class=\"_ _0\"></span>mber 2022 (<span class=\"_ _2b\"></span>31<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsef\">Dec<span class=\"_ _2b\"></span>ember </span></span></span></div>\n<div class=\"t m0 x26 h4f y1d64 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2021: EUR<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">114 mill<span class=\"_ _2\"></span>ion)</span> <span class=\"lse0 wsef\">are:</span> </span></div>\n<div class=\"t m0 x26 h4f y1d65 ff342 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff343\"> <span class=\"_ _46\"> </span><span class=\"ff33f lsfa ws114\">E<span class=\"_ _2\"></span>UR</span><span class=\"ff33f\"> <span class=\"lse2 wsf1\">1,309 <span class=\"lse0 wsf0\">million relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to the W<span class=\"_ _2b\"></span>CAM settlement<span class=\"_ _0\"></span> agreeme<span class=\"_ _2b\"></span>nt; <span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1d66 ff342 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff343\"> <span class=\"_ _46\"> </span><span class=\"ff33f lsfa ws114\">E<span class=\"_ _2\"></span>UR</span><span class=\"ff33f\"> 1 <span class=\"lse0 wsfa\">million relat<span class=\"_ _2b\"></span>ed to the tail ri<span class=\"_ _0\"></span>sk;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1d67 ff342 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff343\"> <span class=\"_ _46\"> </span><span class=\"ff33f lse0 wsf0\">minus EUR</span><span class=\"ff33f\"> <span class=\"lse2 wsf1\">1,309 <span class=\"ws103\">milli<span class=\"_ _2\"></span>on already paid to eligible sh<span class=\"_ _2\"></span>areholders.</span></span> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 207px; height: 754px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 207px; height: 754px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 207px; height: 754px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff346 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The amounts are pr<span class=\"_ _2\"></span>esented under the line ite<span class=\"_ _2\"></span>m \u2018Provisions\u2019 <span class=\"lse0 wsfa\">in the stat<span class=\"_ _2b\"></span>ement of fina<span class=\"_ _0\"></span>ncial pos<span class=\"_ _2b\"></span>ition and the li<span class=\"_ _2b\"></span>ne item \u2018Chan<span class=\"_ _0\"></span>ge in prov<span class=\"_ _0\"></span>isions\u2019<span class=\"_ _0\"></span> in the i<span class=\"_ _0\"></span>ncome </span></div>\n<div class=\"t m0 x7 h4f y803 ff346 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff346 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y805 ff346 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Changes in provi<span class=\"_ _2\"></span>sions during the year are as<span class=\"_ _2\"></span> follows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff346 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff346 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y647 ff346 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y647 ff346 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1018px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff346 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff346 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff346 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff348 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff348 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 987px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff348 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 987px; z-index: 15;\">322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff346 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Transfer to Held <span class=\"lsec wsf3\">for S<span class=\"_ _2\"></span>ale<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2e4 h52 y603 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 972px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff346 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Acquisition and divestment o<span class=\"_ _0\"></span>f subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff346 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Increase (Decrease) in pro<span class=\"_ _0\"></span>visions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 943px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 943px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff346 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Utilised during the year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 928px; z-index: 15;\">(106)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 928px; z-index: 15;\">(127)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff346 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 913px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 913px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y60e ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 913px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y638 ff348 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y638 ff348 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 898px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff348 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 898px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 887px; height: 219px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 887px; height: 219px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 887px; height: 219px; width: 96%; z-index: 1;\"><br/></div>\n\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Non-<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>ntrolling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">int<span class=\"_ _2b\"></span>erest</div>\n<div class=\"t m0 x7 h63 y17d6 ff34c fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">The <span class=\"ws10f\">following table pr<span class=\"_ _2\"></span>ovides </span></div>\n<div class=\"t m0 x7 h63 y17d7 ff34c fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">information about the most</div>\n<div class=\"t m0 x7 h63 y17d8 ff34c fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">significant non<span class=\"ls0 ws0\">-</span>controlli<span class=\"_ _2\"></span>ng int<span class=\"lsf6 ws110\">erests </span></div>\n<div class=\"t m0 x7 h63 y17d9 ff34c fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">(NCI) in Ageas\u2019s entities<span class=\"_ _0\"></span>.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff34a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x144 h52 y1550 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 463px; bottom: 816px; z-index: 15;\">% of non<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x19c h52 y5f2 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 461px; bottom: 802px; z-index: 15;\">controlling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 472px; bottom: 787px; z-index: 15;\">interest<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y1550 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 513px; bottom: 816px; z-index: 15;\">Result as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 531px; bottom: 802px; z-index: 15;\">31 <span class=\"lsef ws10a\">Dec.<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19f h52 ydd0 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 541px; bottom: 787px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12a h52 y1550 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 572px; bottom: 816px; z-index: 15;\">Equity as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 589px; bottom: 802px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x19f h52 ydd0 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 787px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y1550 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 816px; z-index: 15;\">% of non<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x19c h52 y5f2 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 802px; z-index: 15;\">controlling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 787px; z-index: 15;\">interest<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y1550 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 689px; bottom: 816px; z-index: 15;\">Result as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 707px; bottom: 802px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x19f h52 ydd0 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 717px; bottom: 787px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12a h52 y1550 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 749px; bottom: 816px; z-index: 15;\">Equity as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 766px; bottom: 802px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x19f h52 ydd0 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 787px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 501px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 560px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 618px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 677px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 736px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff34a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Group company<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">AG Insurance (Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 741px; z-index: 15;\">25.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 741px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 741px; z-index: 15;\">483<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 741px; z-index: 15;\">25.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 741px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 741px; z-index: 15;\">1,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff34a fs3c fc14 sc0 lsef ws102\" style=\"left: 324px; bottom: 727px; z-index: 15;\">AG Real Es<span class=\"_ _2\"></span>tate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 618px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 736px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 712px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">(part of AG Insurance) </span> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 618px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 736px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 697px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">mainly Interparking NCI</span> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 618px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 736px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 682px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">for 49% held</span> </div>\n<div class=\"t m0 x153 h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 682px; z-index: 15;\">25.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 682px; z-index: 15;\">75<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 682px; z-index: 15;\">417<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 682px; z-index: 15;\">25.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 682px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 682px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 667px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">by <span class=\"wsf3\">m<span class=\"_ _2\"></span>inority sh<span class=\"_ _0\"></span>areholders<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 618px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 736px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 652px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">of AG Real Estate</span> </div>\n<div class=\"t m0 x1a3 h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 618px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 736px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff34a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 637px; z-index: 15;\">Millenniumbcp Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 618px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 736px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 623px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">(part of Europe)</span> </div>\n<div class=\"t m0 x153 h52 y603 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 623px; z-index: 15;\">49.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 623px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 623px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 623px; z-index: 15;\">49.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 623px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 623px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 608px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 608px; z-index: 15;\">1</div>\n<div class=\"t m0 x164 h52 y608 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 608px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y608 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 725px; bottom: 608px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 608px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h54 y603 ff34d fs3c fc10 sc0 lsec ws100\" style=\"left: 324px; bottom: 593px; z-index: 15;\">Total<span class=\"_ _2\"></span> NCI<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 501px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y603 ff34d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 593px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff34d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 593px; z-index: 15;\">1,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 677px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y603 ff34d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 593px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff34d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 593px; z-index: 15;\">2,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d6c ff34a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d6d ff34a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d6e ff34a fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">controllin<span class=\"_ _0\"></span>g interest (<span class=\"_ _2b\"></span>NCI) represent<span class=\"_ _0\"></span>s the partic<span class=\"_ _2b\"></span>ipation of a third <span class=\"lse2 ws103\">party in the shareholders\u2019 equi<span class=\"_ _2\"></span>ty </span></span></span></div>\n<div class=\"t m0 x26 h4f y1d6f ff34a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of Ageas<span class=\"ls106 ws124\">\u2019s<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">subsidia<span class=\"_ _2\"></span>ries.</span> </span></span></div>\n<div class=\"t m0 x26 h4f y1d70 ff34a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d71 ff34a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The increa<span class=\"_ _2b\"></span>se in <span class=\"lse2 wsf1\">the <span class=\"_ _2\"></span></span>line ot<span class=\"_ _0\"></span>her is linke<span class=\"_ _2b\"></span>d to<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">the</span> </span>interest in Age<span class=\"_ _0\"></span>as Fede<span class=\"_ _0\"></span>ral Life Ins<span class=\"_ _0\"></span>urance Co<span class=\"_ _0\"></span>mpany Lt<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x26 h4f y1d72 ff34a fs3a fc14 sc0 ls105 ws120\" style=\"z-index: 15;\">(AFLIC)<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x26 h4f y1d73 ff34a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d74 ff34a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">AG Insurance gra<span class=\"_ _2\"></span>nted to Parkimo<span class=\"lse0 wsf0\">, a minority sh<span class=\"_ _0\"></span>arehold<span class=\"_ _2b\"></span>er of <span class=\"_ _2\"></span>Int<span class=\"_ _2b\"></span>erparking, an unc<span class=\"_ _2b\"></span>onditional put opt<span class=\"_ _2b\"></span>ion </span></div>\n<div class=\"t m0 x26 h4f y1d75 ff34a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on its 10.05%<span class=\"_ _0\"></span> ownersh<span class=\"_ _2b\"></span>ip in Interparking.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>The p<span class=\"_ _0\"></span>ut option was<span class=\"_ _0\"></span> measur<span class=\"_ _0\"></span>ed at fair valu<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>the ex<span class=\"_ _2b\"></span>pected</div>\n<div class=\"t m0 x26 h4f y1d76 ff34a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">settlem<span class=\"_ _2b\"></span>ent amounting to EUR<span class=\"_ _0\"></span> 114<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">million (<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">2021<span class=\"wsfa\">: EUR 108</span></span></span> <span class=\"lse2 ws103\">mi<span class=\"_ _2\"></span>llion) (see note 24 Accrued in<span class=\"_ _2\"></span>terest and </span></span></div>\n<div class=\"t m0 x26 h4f y1d77 ff34a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other liabili<span class=\"_ _2\"></span>ties).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d78 ff34a fs3a fc10 sc0 lse0 wsef\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d79 ff34a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The deta<span class=\"_ _2b\"></span>ils of the stat<span class=\"_ _0\"></span>ement of f<span class=\"_ _2b\"></span>inancial posi<span class=\"_ _0\"></span>tion of <span class=\"_ _0\"></span>AG<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">Insura<span class=\"_ _0\"></span>nce are incl<span class=\"_ _0\"></span>uded in not<span class=\"_ _2b\"></span>e 8 <span class=\"_ _2\"></span>Info<span class=\"_ _2b\"></span>rmation </span></div>\n<div class=\"t m0 x26 h4f y1d7a ff34a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">on operat<span class=\"_ _2b\"></span>ing segments.<span class=\"_ _0\"></span> Details<span class=\"_ _0\"></span> of the ot<span class=\"_ _2b\"></span>her subsidiary<span class=\"_ _0\"></span> of Age<span class=\"_ _0\"></span>as in whi<span class=\"_ _0\"></span>ch non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">controlling interests </span></span></div>\n<div class=\"t m0 x26 h4f y1d7b ff34a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are held ar<span class=\"_ _0\"></span><span class=\"wsef\">e:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 264px; z-index: 15;\">Financial information<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 249px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">(100% interest)</span> </div>\n<div class=\"t m0 x391 h52 y60e ff34a fs3c fc10 sc0 lsf0 ws12b\" style=\"left: 453px; bottom: 279px; z-index: 15;\">Assets as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 264px; z-index: 15;\">31 <span class=\"lsef ws10a\">Dec.<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x152 h52 y60e ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 249px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 294px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff34a fs3c fc10 sc0 lsec ws100\" style=\"left: 541px; bottom: 279px; z-index: 15;\">as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 529px; bottom: 264px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x19f h52 y60e ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 541px; bottom: 249px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 294px; z-index: 15;\">Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff34a fs3c fc10 sc0 lsec ws100\" style=\"left: 599px; bottom: 279px; z-index: 15;\">as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 587px; bottom: 264px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x152 h52 y60e ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 249px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x391 h52 y60e ff34a fs3c fc10 sc0 lsf0 ws12b\" style=\"left: 629px; bottom: 279px; z-index: 15;\">Assets as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 646px; bottom: 264px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x19f h52 y60e ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 658px; bottom: 249px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 294px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff34a fs3c fc10 sc0 lsec ws100\" style=\"left: 716px; bottom: 279px; z-index: 15;\">as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 704px; bottom: 264px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x152 h52 y60e ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 715px; bottom: 249px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y60e ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 747px; bottom: 279px; z-index: 15;\">Equity as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 763px; bottom: 264px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x152 h52 y60e ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 249px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 501px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 560px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 618px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 677px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 735px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 219px; z-index: 15;\">Subsidiary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 501px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 560px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 618px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 677px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 735px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 204px; z-index: 15;\">Millenniumbcp Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 204px; z-index: 15;\">8,434<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 538px; bottom: 204px; z-index: 15;\">8,476<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 204px; z-index: 15;\">(42)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 204px; z-index: 15;\">10,226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 713px; bottom: 204px; z-index: 15;\">9,846<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 204px; z-index: 15;\">379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 193px; height: 768px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 193px; height: 768px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Deriv<span class=\"_ _2b\"></span>ativ<span class=\"_ _2b\"></span>e<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x7 h4f y1d9e ff350 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Foreign ex<span class=\"_ _2b\"></span>change contract<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d9f ff350 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Futures a<span class=\"_ _0\"></span>re contra<span class=\"_ _2b\"></span>cts that require set<span class=\"_ _0\"></span>tlement<span class=\"_ _0\"></span> at a specifi<span class=\"_ _2b\"></span>ed price and on</div>\n<div class=\"t m0 x7 h4f y1da0 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a specif<span class=\"_ _0\"></span>ied fut<span class=\"_ _0\"></span>ure date<span class=\"_ _0\"></span> and can <span class=\"_ _0\"></span>be trade<span class=\"_ _0\"></span>d in simi<span class=\"_ _2b\"></span>lar markets. Fo<span class=\"_ _0\"></span>rwards</div>\n<div class=\"t m0 x7 h4f y1da1 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are cust<span class=\"_ _0\"></span>omi<span class=\"ls0 ws0\">s</span>ed cont<span class=\"_ _0\"></span>racts b<span class=\"_ _0\"></span>etwee<span class=\"_ _0\"></span>n two ent<span class=\"_ _0\"></span>ities w<span class=\"_ _0\"></span>here se<span class=\"_ _0\"></span>ttlement t<span class=\"_ _2b\"></span>akes</div>\n<div class=\"t m0 x7 h4f y1da2 ff350 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">pla<span class=\"lse0 wsf0\">ce on a specific dat<span class=\"_ _2b\"></span>e in the future at today<span class=\"_ _2b\"></span>\u2019s pre<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">agreed<span class=\"_ _2\"></span> price. <span class=\"ls105 ws120\">The </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1da3 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">currency<span class=\"_ _0\"></span> futur<span class=\"_ _0\"></span>es and fo<span class=\"_ _0\"></span>rward c<span class=\"_ _2b\"></span>ontracts are m<span class=\"_ _0\"></span>ainly he<span class=\"_ _0\"></span>ld to he<span class=\"_ _0\"></span>dge the</div>\n<div class=\"t m0 x7 h4f y1da4 ff350 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">currency r<span class=\"_ _2\"></span>isk on foreign cu<span class=\"_ _2\"></span>rrency denominated a<span class=\"_ _2\"></span>ssets<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1da5 ff350 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span> rate swa<span class=\"_ _0\"></span>ps and cross<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">currency swa<span class=\"_ _2\"></span>ps</span> </span></div>\n<div class=\"t m0 x1a h4f y1da6 ff350 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Swap contract<span class=\"_ _2\"></span>s are agreements<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">between two p<span class=\"_ _2b\"></span>arties to exchang<span class=\"_ _2b\"></span>e one </span></span></div>\n<div class=\"t m0 x1a h4f y1da7 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">set of c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s for an<span class=\"_ _0\"></span>other s<span class=\"_ _0\"></span>et of ca<span class=\"_ _0\"></span>sh flows.<span class=\"_ _0\"></span> Payme<span class=\"_ _0\"></span>nts are m<span class=\"_ _2b\"></span>ade on</div>\n<div class=\"t m0 x1a h4f y1da8 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the bas<span class=\"_ _0\"></span>is of the <span class=\"_ _0\"></span>swap\u2019s n<span class=\"_ _2b\"></span>otional value<span class=\"_ _0\"></span>. Ageas <span class=\"wsef\">us<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">interest rate sw<span class=\"_ _0\"></span>ap </span></span></div>\n<div class=\"t m0 x1a h4f y1da9 ff350 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">contracts <span class=\"_ _2\"></span>primarily <span class=\"lse0 wsfa\">to manage c<span class=\"_ _2b\"></span>ash flows arisi<span class=\"_ _2b\"></span>ng from interes<span class=\"_ _0\"></span>t recei<span class=\"_ _0\"></span>ved </span></div>\n<div class=\"t m0 x1a h4f y1daa ff350 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or paid and cr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">currency swap con<span class=\"_ _2\"></span>tracts to manage foreign currenc<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f y1dab ff350 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">denomi<span class=\"_ _0\"></span>nated cas<span class=\"_ _0\"></span>h flows<span class=\"ls0 ws0\">.</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 695px; height: 266px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 695px; height: 266px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 695px; height: 266px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff357 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Trading derivatives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 379px; bottom: 1065px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 634px; bottom: 1065px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y647 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 340px; bottom: 1049px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y647 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 1049px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 595px; bottom: 1049px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y647 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 1049px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 309px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 383px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 438px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 564px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 692px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 988px; z-index: 15;\">Foreign exchange contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 974px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 974px; z-index: 15;\">512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 974px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 974px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 974px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 974px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 974px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 974px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff355 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Swaps<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 345px; bottom: 959px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y605 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 959px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 664px; bottom: 959px; z-index: 15;\">8</div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 944px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 944px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 944px; z-index: 15;\">512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y60e ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 944px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 944px; z-index: 15;\">165<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y60e ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 944px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 944px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 944px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 944px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y632 ff355 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 914px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st rate co<span class=\"_ _0\"></span>ntrac<span class=\"_ _2b\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y632 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y632 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 899px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 899px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff355 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Swaps<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 ydd0 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 885px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 ydd0 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 885px; z-index: 15;\">498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 885px; z-index: 15;\">4</div>\n<div class=\"t m0 x164 h52 ydd0 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 885px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 870px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 870px; z-index: 15;\">498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 870px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 870px; z-index: 15;\">4</div>\n<div class=\"t m0 x164 h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 870px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 840px; z-index: 15;\">Equity/Index contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 825px; z-index: 15;\">Options and warrants<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 825px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 810px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5ff ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 810px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y608 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 781px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 781px; z-index: 15;\">1,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 781px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 781px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 598px; bottom: 781px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 781px; z-index: 15;\">528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 781px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 781px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 751px; z-index: 15;\">Fair values supported by observable market data<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 751px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 751px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 736px; z-index: 15;\">Fair values obtained using a valuation model<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 736px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 736px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 736px; z-index: 15;\">6</div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 736px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 721px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 721px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 721px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 598px; bottom: 721px; z-index: 15;\">6</div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 721px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 691px; z-index: 15;\">Over the counter (OTC)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 691px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 677px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 677px; z-index: 15;\">1,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 677px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 677px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 598px; bottom: 677px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 677px; z-index: 15;\">528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 677px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 677px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 666px; height: 440px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h9b y1dc6 ff355 fs64 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h6a y1dc7 ff357 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Hedging derivatives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 ydd0 ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 379px; bottom: 596px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 ydd0 ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 635px; bottom: 596px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5f9 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 338px; bottom: 581px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 581px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f9 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 594px; bottom: 581px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 581px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 307px; bottom: 550px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 565px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 383px; bottom: 550px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 436px; bottom: 550px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 507px; bottom: 565px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 510px; bottom: 550px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 563px; bottom: 550px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 635px; bottom: 565px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 550px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 692px; bottom: 550px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 565px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 550px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 348px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 540px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 604px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 668px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Foreign exchange <span class=\"wsf4\">contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 348px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 540px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 604px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 668px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 505px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 402px; bottom: 505px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y63a ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 505px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y63a ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 505px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 505px; z-index: 15;\">5</div>\n<div class=\"t m0 x19b h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 505px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 505px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 505px; z-index: 15;\">115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 490px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 490px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 402px; bottom: 490px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 490px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 490px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 490px; z-index: 15;\">5</div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 490px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 490px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 490px; z-index: 15;\">115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff355 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 460px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st rate co<span class=\"_ _0\"></span>ntrac<span class=\"_ _2b\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 348px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 540px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 604px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 668px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 445px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 445px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff355 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 431px; z-index: 15;\">Swaps<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 431px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 431px; z-index: 15;\">758<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 431px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 431px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 431px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 431px; z-index: 15;\">544<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 431px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 431px; z-index: 15;\">689<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 416px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 416px; z-index: 15;\">858<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y608 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 416px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 416px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 416px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 416px; z-index: 15;\">544<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 416px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 416px; z-index: 15;\">689<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 386px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 386px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 386px; z-index: 15;\">914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y608 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 386px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 386px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 386px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 386px; z-index: 15;\">612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 386px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 386px; z-index: 15;\">804<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 356px; z-index: 15;\">Fair values supported by observable market data<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 356px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 356px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 341px; z-index: 15;\">Fair values obtained using a valuation model<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 341px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 341px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 341px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 341px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 327px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 327px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 327px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 327px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 540px; bottom: 327px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 327px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 668px; bottom: 327px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 327px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 327px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 297px; z-index: 15;\">Over the counter (OTC)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 297px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y70b ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 297px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 297px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 297px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 297px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 297px; z-index: 15;\">612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 297px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 297px; z-index: 15;\">804<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 282px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 282px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 282px; z-index: 15;\">914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f7 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 282px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 282px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 282px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 282px; z-index: 15;\">612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 282px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 282px; z-index: 15;\">804<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 271px; height: 835px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 271px; height: 835px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 271px; height: 835px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Commitments</div>\n<div class=\"t m0 x7 h63 y17d6 ff35d fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Commitments receiv<span class=\"lsf8 ws16a\">ed and given</span><span class=\"ls0\"> </span></div>\n<div class=\"t m0 x7 h63 y17d7 ff35d fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">are detailed <span class=\"ws113\">as follows.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y724 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff35b fs3c fc10 sc0 lsef ws10a\" style=\"left: 324px; bottom: 816px; z-index: 15;\">Commit<span class=\"_ _2\"></span>ments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y1550 ff35b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 607px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y1550 ff35b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 718px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff35e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y608 ff35e fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y608 ff35e fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff35b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Commitment Received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5f4 ff35b fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h52 y5f4 ff35b fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Credit lines<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 771px; z-index: 15;\">1,527<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 771px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Collateral and guarantees re<span class=\"_ _0\"></span>ceived<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 756px; z-index: 15;\">4,574<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 756px; z-index: 15;\">4,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff35b fs3c fc14 sc0 lse8 wsf9\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Other off<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">balance sheet rights</span> </span></div>\n<div class=\"t m0 x1d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 673px; bottom: 741px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 741px; z-index: 15;\">207<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff35f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Total received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 727px; z-index: 15;\">6,122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 727px; z-index: 15;\">5,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y5fc ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y5fc ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff35b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 697px; z-index: 15;\">Commitment Given<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h54 y601 ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y601 ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff35b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 682px; z-index: 15;\">Guarantees, Financial and Performance Letters of Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5fc ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 682px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5fc ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 682px; z-index: 15;\">199<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 667px; z-index: 15;\">Available credit lines<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y601 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 667px; z-index: 15;\">523<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 667px; z-index: 15;\">1,024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 652px; z-index: 15;\">Collateral and guarantees given<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y180c ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 652px; z-index: 15;\">2,287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y180c ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 652px; z-index: 15;\">2,184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 637px; z-index: 15;\">Entrusted assets and r<span class=\"_ _0\"></span>eceivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 637px; z-index: 15;\">691<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 637px; z-index: 15;\">738<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff35b fs3c fc14 sc0 lsec wsf3\" style=\"left: 324px; bottom: 623px; z-index: 15;\">Capi<span class=\"_ _2\"></span>tal right<span class=\"_ _2\"></span>s &amp; comm<span class=\"_ _2\"></span>itments<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 623px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 623px; z-index: 15;\">292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff35b fs3c fc14 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 608px; z-index: 15;\">Real Es<span class=\"_ _0\"></span>tate com<span class=\"_ _2b\"></span>mitments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 608px; z-index: 15;\">345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 608px; z-index: 15;\">531<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff35b fs3c fc14 sc0 lse8 wsf9\" style=\"left: 324px; bottom: 593px; z-index: 15;\">Other off<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">balance sheet commitments</span> </span></div>\n<div class=\"t m0 x45 h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 593px; z-index: 15;\">776<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 593px; z-index: 15;\">1,297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff35f fs3c fc10 sc0 lse8 ws0\" style=\"left: 324px; bottom: 578px; z-index: 15;\">Total given<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f2 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 578px; z-index: 15;\">5,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f2 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 578px; z-index: 15;\">6,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1ddd ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1dde ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1ddf ff35b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The collat<span class=\"_ _0\"></span>eral and<span class=\"_ _0\"></span> guarant<span class=\"_ _0\"></span>ees receiv<span class=\"_ _2b\"></span>ed relate mainly<span class=\"_ _0\"></span> to resident<span class=\"_ _0\"></span>ial mortg<span class=\"_ _2b\"></span>ages and to a lesser ext<span class=\"_ _2b\"></span>ent</div>\n<div class=\"t m0 x26 h4f y1de0 ff35b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">on policyholder<span class=\"_ _2\"></span> loans and commercial loans. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1de1 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1de2 ff35b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other off<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">balance<span class=\"_ _2\"></span> sheet commitments as at 31</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsf1\">2022</span> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">inc<span class=\"_ _0\"></span>lude EUR<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">250</span> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion</span> <span class=\"ls102 ws11d\">in </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1de3 ff35b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding cred<span class=\"_ _0\"></span>it bids<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">(31</span> </span><span class=\"wsef\">Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2021<span class=\"lsfa ws136\">: EUR<span class=\"_ _2\"></span></span></span> <span class=\"lse2 wsf1\">521</span> <span class=\"ls102 ws11d\">millio<span class=\"_ _2\"></span>n</span></span>).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y1de4 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1de5 ff35b fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In December<span class=\"_ _2\"></span> 2021, Ageas SA/NV<span class=\"_ _2\"></span> put two<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Revolving C<span class=\"_ _0\"></span>redit Fac<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> in place, EU<span class=\"_ _0\"></span>R 250 millio<span class=\"_ _0\"></span>n with a </span></span></div>\n<div class=\"t m0 x26 h4f y1de6 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">3-<span class=\"lse0 wsf0\">year tenor, and EU<span class=\"_ _0\"></span>R 250 milli<span class=\"_ _2b\"></span>on with a 5<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">ye<span class=\"_ _2b\"></span>ar tenor,<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">each with the opt<span class=\"_ _2\"></span>ion to request two one</span>-</span><span class=\"wsef\">year </span></span></span></div>\n<div class=\"t m0 x26 h4f y1de7 ff35b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">extensi<span class=\"_ _0\"></span>ons of th<span class=\"_ _2b\"></span>e expiration <span class=\"_ _0\"></span>date. Th<span class=\"_ _0\"></span>is is inc<span class=\"_ _0\"></span>luded in t<span class=\"_ _2b\"></span>he line \u2018cred<span class=\"_ _0\"></span>it lines<span class=\"_ _0\"></span> receive<span class=\"_ _2b\"></span>d\u2019. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 394px; height: 567px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 394px; height: 567px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 394px; height: 567px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 394px; height: 567px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>a<span class=\"_ _2\"></span>ir v<span class=\"_ _2b\"></span>a<span class=\"_ _2\"></span>lue of finan<span class=\"_ _2\"></span>cial a<span class=\"_ _2\"></span>sse<span class=\"_ _2b\"></span>ts</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">and fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l liabilities</div>\n<div class=\"t m0 x7 h63 y17d6 ff364 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">The <span class=\"ws10f\">following table s<span class=\"_ _2\"></span>hows the fair </span></div>\n<div class=\"t m0 x7 h63 y17d7 ff364 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">value<span class=\"ls0 ws0\"> <span class=\"lsf6\">of financial assets and </span></span></div>\n<div class=\"t m0 x7 h63 y17d8 ff364 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">liabilities <span class=\"lsf8 ws10f\">measured at<span class=\"ls0 ws0\"> </span><span class=\"ws112\">amortised </span></span></div>\n<div class=\"t m0 x7 h63 y17d9 ff364 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">cost.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y1550 ff362 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 595px; bottom: 816px; z-index: 15;\">31 December <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 629px; bottom: 802px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y1550 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y1550 ff362 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 741px; bottom: 816px; z-index: 15;\">31 December <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 802px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 483px; bottom: 787px; z-index: 15;\">Level<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x261 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 787px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 609px; bottom: 787px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x261 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 664px; bottom: 787px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 755px; bottom: 787px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff362 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5f9 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 648px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff366 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff366 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Cash and cash <span class=\"wsf4\">equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x143 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 756px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 756px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 756px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 756px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 756px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Financial Investments held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f9 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 741px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 741px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 741px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 741px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f7 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 727px; z-index: 15;\">2</div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 549px; bottom: 727px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 727px; z-index: 15;\">13,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 727px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 727px; z-index: 15;\">15,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5fc ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 712px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 712px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 712px; z-index: 15;\">1,991<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 712px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 712px; z-index: 15;\">2,146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff365 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 697px; z-index: 15;\">Total f<span class=\"_ _0\"></span>inancia<span class=\"_ _2b\"></span>l assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y601 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 549px; bottom: 697px; z-index: 15;\">24,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 697px; z-index: 15;\">22,755<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 697px; z-index: 15;\">22,929<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 697px; z-index: 15;\">26,032<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 648px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5fc ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5fc ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 667px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y601 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y601 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 648px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y601 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y601 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 652px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y180c ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 652px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 652px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 652px; z-index: 15;\">2,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 652px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 652px; z-index: 15;\">2,757<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 637px; z-index: 15;\">Borrowings, excluding lease<span class=\"_ _0\"></span> liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y608 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 637px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 637px; z-index: 15;\">3,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 637px; z-index: 15;\">3,177<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 637px; z-index: 15;\">3,056<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 637px; z-index: 15;\">3,056<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff365 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 623px; z-index: 15;\">Total f<span class=\"_ _0\"></span>inancia<span class=\"_ _2b\"></span>l liabilitie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y603 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 623px; z-index: 15;\">5,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 623px; z-index: 15;\">5,359<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 623px; z-index: 15;\">5,804<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 623px; z-index: 15;\">5,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1c16 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1c17 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1e01 ff362 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The fair value (FV<span class=\"_ _2\"></span>) calculation of financial<span class=\"_ _2\"></span> instruments not actively tr<span class=\"_ _2\"></span>aded on financial marke<span class=\"_ _2\"></span>ts can</div>\n<div class=\"t m0 x26 h4f y1e02 ff362 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">be summari<span class=\"_ _2b\"></span>sed as follows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1e03 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 531px; z-index: 15;\">Instrument Type<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 480px; bottom: 531px; z-index: 15;\">Ageas Products<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 531px; z-index: 15;\">Fair Value Calculation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y70b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y70b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y70b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 506px; z-index: 15;\">Instruments with no stated maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 506px; z-index: 15;\">Current accounts, saving accoun<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 506px; z-index: 15;\">Nominal value.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 494px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 494px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 494px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e09 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 482px; z-index: 15;\">Instruments without optional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e0a ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 470px; z-index: 15;\">features</div>\n<div class=\"t m0 x1a0 h52 y1e0b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e09 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 482px; z-index: 15;\">Straight loans, deposits et<span class=\"_ _0\"></span>c.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e09 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 482px; z-index: 15;\">Discounted cash flow methodology;</div>\n<div class=\"t m0 x0 h52 y1e0a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 470px; z-index: 15;\">discounting yield curve is<span class=\"_ _0\"></span> the swap</div>\n<div class=\"t m0 x0 h52 y1e0c ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 458px; z-index: 15;\">curve plus spread (assets) or the swap</div>\n<div class=\"t m0 x0 h52 y1e0d ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 446px; z-index: 15;\">curve minus spread (liabilities); sp<span class=\"_ _0\"></span>read</div>\n<div class=\"t m0 x0 h52 y1e0e ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 434px; z-index: 15;\">is based on commercial m<span class=\"_ _0\"></span>argin</div>\n<div class=\"t m0 x0 h52 y1e0f ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 422px; z-index: 15;\">computed</div>\n<div class=\"t m0 x118 h52 y1e10 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse4 wsf3\">based on the average of new<span class=\"_ _2b\"></span> </span></div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 410px; z-index: 15;\">production during last three<span class=\"_ _0\"></span> months.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 398px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 398px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 398px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e13 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 385px; z-index: 15;\">Instruments with optional <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e14 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 373px; z-index: 15;\">features</div>\n<div class=\"t m0 x1a0 h52 y1e15 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e13 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 385px; z-index: 15;\">Mortgage loans and ot<span class=\"_ _0\"></span>her instruments</div>\n<div class=\"t m0 x0 h52 y1e14 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 480px; bottom: 373px; z-index: 15;\">with option features</div>\n<div class=\"t m0 xdf h52 y1e15 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e13 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 385px; z-index: 15;\">Product is split and lin<span class=\"_ _0\"></span>ear (non<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">optional) </span></div>\n<div class=\"t m0 x0 h52 y1e14 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 373px; z-index: 15;\">component is valued u<span class=\"_ _0\"></span>sing a discounted</div>\n<div class=\"t m0 x0 h52 y1e16 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 361px; z-index: 15;\">cash flow</div>\n<div class=\"t m0 x58 h52 y1e17 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse4 wsf3\">methodology and option </span></div>\n<div class=\"t m0 x0 h52 y1e18 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 349px; z-index: 15;\">component valued based on<span class=\"_ _0\"></span> option</div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 337px; z-index: 15;\">pricing model.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y638 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y638 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y638 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e1a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 320px; bottom: 313px; z-index: 15;\">Subordinated bonds or re<span class=\"_ _0\"></span>ceivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e1a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 313px; z-index: 15;\">Subordinated assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e1a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 313px; z-index: 15;\">Valuation is based on <span class=\"_ _2b\"></span>br<span class=\"_ _2\"></span>oker quo<span class=\"_ _0\"></span>tes in</div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 301px; z-index: 15;\">an in<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">active market (level 3).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x0 h52 y605 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 289px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y605 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 289px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y605 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 289px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e1c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 320px; bottom: 277px; z-index: 15;\">Private equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e1c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 277px; z-index: 15;\">Private equity and <span class=\"wsf4\">non<span class=\"ls0 ws0\">-</span>quoted </span></div>\n<div class=\"t m0 x0 h52 y1e1d ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 265px; z-index: 15;\">participations investments</div>\n<div class=\"t m0 x1e2 h52 y1e1e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e1c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 277px; z-index: 15;\">In general based on <span class=\"_ _0\"></span>the European</div>\n<div class=\"t m0 x0 h52 y1e1d ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 265px; z-index: 15;\">Venture Capital Association's valuation</div>\n<div class=\"t m0 x0 h52 y1e1f ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 253px; z-index: 15;\">guidelines, using enterprise</div>\n<div class=\"t m0 x0 h52 y1e20 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 241px; z-index: 15;\">value/EBITDA, price/cash flow and</div>\n<div class=\"t m0 x0 h52 y5f2 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 229px; z-index: 15;\">price/earnings etc.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 217px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 217px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 217px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e23 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 205px; z-index: 15;\">Preference shares (non<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">quoted)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x0 h52 y1e23 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 480px; bottom: 205px; z-index: 15;\">Preference shares <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e23 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 205px; z-index: 15;\">If the share is cha<span class=\"_ _0\"></span>racterised as a debt</div>\n<div class=\"t m0 x0 h52 y1e24 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 193px; z-index: 15;\">instrument, a discounted cash<span class=\"_ _0\"></span> flow</div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 181px; z-index: 15;\">model is used.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 170px; height: 791px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 170px; height: 791px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 170px; height: 791px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 170px; height: 791px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff369 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas pursue<span class=\"_ _2\"></span>s a policy aimed <span class=\"_ _2\"></span>at quantifying and<span class=\"_ _2\"></span> monitoring pricing<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y803 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">uncertainties<span class=\"_ _2\"></span> related to the calcula<span class=\"lse0 wsfa\">tion of fai<span class=\"_ _0\"></span>r values <span class=\"_ _0\"></span>using val<span class=\"_ _2b\"></span>uation </span></div>\n<div class=\"t m0 x7 h4f y804 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">techniques and in<span class=\"_ _2\"></span>ternal models. Related un<span class=\"_ _2\"></span>certainties are a feature of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y805 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the \u2018model ris<span class=\"_ _2\"></span>k\u2019 concept.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y807 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Model risk ari<span class=\"_ _2\"></span>ses when the product pricing requi<span class=\"_ _2\"></span>res valuation technique<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x7 h4f y808 ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which are not<span class=\"_ _0\"></span> yet stan<span class=\"_ _0\"></span>dardis<span class=\"_ _0\"></span>ed or for whic<span class=\"_ _0\"></span>h input<span class=\"ls0 ws0\"> </span>data can<span class=\"_ _2b\"></span>not be directly</div>\n<div class=\"t m0 x7 h4f y809 ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">observe<span class=\"_ _2b\"></span>d in the market<span class=\"_ _0\"></span>, leadi<span class=\"_ _0\"></span>ng to ass<span class=\"_ _0\"></span>umptions<span class=\"_ _0\"></span> about t<span class=\"_ _2b\"></span>he input data</div>\n<div class=\"t m0 x7 h4f y80a ff369 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">themselves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>roductio<span class=\"_ _2b\"></span>n of new, sophis<span class=\"_ _0\"></span>ticate<span class=\"_ _0\"></span>d prod<span class=\"_ _0\"></span>ucts in th<span class=\"_ _2b\"></span>e market has</div>\n<div class=\"t m0 x7 h4f y80d ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in the devel<span class=\"_ _2b\"></span>opment of mathemat<span class=\"_ _2b\"></span>ical models to pric<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>m.</div>\n<div class=\"t m0 x7 h4f y80e ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These m<span class=\"_ _0\"></span>odels i<span class=\"_ _0\"></span>n tu<span class=\"lse2\">rn depend on<span class=\"_ _2\"></span> assumptions regard<span class=\"_ _2\"></span>ing the stochastic<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y80f ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">behavio<span class=\"_ _0\"></span>ur of under<span class=\"_ _0\"></span>lying var<span class=\"_ _0\"></span>iables, nu<span class=\"_ _2b\"></span>merical algorit<span class=\"_ _2b\"></span>hms and other</div>\n<div class=\"t m0 x1a h4f y1e27 ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">possibl<span class=\"_ _0\"></span>e approx<span class=\"_ _2b\"></span>imations need<span class=\"_ _0\"></span>ed to rep<span class=\"_ _0\"></span>licate t<span class=\"_ _2b\"></span>he complexit<span class=\"_ _0\"></span>y of the</div>\n<div class=\"t m0 x1a h4f y1e28 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1e29 ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1e2a ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Furthermore, t<span class=\"_ _2\"></span>he underlying hypotheses of a mod<span class=\"_ _2\"></span>el <span class=\"lse0 wsf0\">dep<span class=\"_ _0\"></span>end on the </span></div>\n<div class=\"t m0 x1a h4f y1e2b ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">general<span class=\"_ _0\"></span> market c<span class=\"_ _2b\"></span>onditions (e.<span class=\"_ _0\"></span>g. spec<span class=\"_ _0\"></span>ific int<span class=\"_ _2b\"></span>erest rates, v<span class=\"_ _0\"></span>olatilit<span class=\"_ _0\"></span>ies)</div>\n<div class=\"t m0 x1a h4f y1e2c ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">prevail<span class=\"_ _0\"></span>ing at t<span class=\"_ _0\"></span>he time t<span class=\"_ _0\"></span>he mod<span class=\"_ _0\"></span>el is devel<span class=\"_ _0\"></span>oped. T<span class=\"_ _2b\"></span>here is no guara<span class=\"_ _2b\"></span>ntee that</div>\n<div class=\"t m0 x1a h4f y1e2d ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the model will<span class=\"_ _2\"></span> continue to yield adequate re<span class=\"_ _2\"></span>sults should market</div>\n<div class=\"t m0 x1a h4f y1e2e ff369 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">conditions <span class=\"_ _2\"></span>change drastically<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1e2f ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1e30 ff369 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Any related<span class=\"_ _2\"></span> model uncertaint<span class=\"_ _2\"></span>y is quantified as<span class=\"_ _2\"></span> accurately as p<span class=\"_ _2\"></span>ossible</div>\n<div class=\"t m0 x1a h4f y1e31 ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and is t<span class=\"_ _0\"></span>he basis f<span class=\"_ _2b\"></span>or adjusting t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue calculate<span class=\"_ _2b\"></span>d by the valuat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y1e32 ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">techni<span class=\"_ _0\"></span>ques and int<span class=\"_ _2b\"></span>ernal models.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 881px; height: 225px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 881px; height: 225px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 881px; height: 225px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 881px; height: 225px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">premiums</div>\n<div class=\"t m0 x7 h63 y17d6 ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Gross inflow Life consists of</div>\n<div class=\"t m0 x7 h63 y17d7 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">premiums received by insu<span class=\"_ _0\"></span>rance</div>\n<div class=\"t m0 x7 h63 y17d8 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">companies for issued insu<span class=\"_ _0\"></span>rance</div>\n<div class=\"t m0 x7 h63 y17d9 ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and investment contracts. Premium</div>\n<div class=\"t m0 x7 h63 y17da ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">inflow of insurance contracts and</div>\n<div class=\"t m0 x7 h63 y1994 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">investment contracts with D<span class=\"_ _2b\"></span>P<span class=\"_ _2\"></span>F is</div>\n<div class=\"t m0 x7 h63 y1995 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">recognised in the incom<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h63 y1996 ff36e fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span><span class=\"ws10f\">Premium inflow of </span></div>\n<div class=\"t m0 x7 h63 y1e3b ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">investment contracts without DPF,</div>\n<div class=\"t m0 x7 h63 y1e3c ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">mainly unit<span class=\"ls0\">-</span>linked contracts, is</div>\n<div class=\"t m0 x7 h63 y1e3d ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(after deduction of fees) directly</div>\n<div class=\"t m0 x7 h63 y1e3e ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">recognised as liabiliti<span class=\"_ _0\"></span>es (deposit</div>\n<div class=\"t m0 x7 h63 y1e3f ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">accounting). Fees are recognised</div>\n<div class=\"t m0 x7 h63 y1e40 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">as fee income in the inco<span class=\"_ _0\"></span>me</div>\n<div class=\"t m0 x7 h63 y1e41 ff36e fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff36c fs3c fcb sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x217 h52 y1550 ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 641px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y1550 ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff36c fs3c fc14 sc0 lsef ws10a\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s <span class=\"ls109 ws15f\">inflow Life<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x236 h52 y5f4 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 786px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f4 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 786px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff36c fs3c fc14 sc0 ls109 ws125\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Gross inflow Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x236 h52 y5f9 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 771px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f9 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 771px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">General account and e<span class=\"_ _0\"></span>liminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y60e ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 756px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y60e ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 756px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff36f fs3c fcb sc0 lse7 wsf8\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f9 ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 635px; bottom: 741px; z-index: 15;\">10,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f9 ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 768px; bottom: 741px; z-index: 15;\">10,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y17e1 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1e42 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff36c fs3c fcb sc0 ls0 ws0\" style=\"left: 324px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x217 h52 y60e ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 641px; bottom: 694px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y60e ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 694px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 664px; z-index: 15;\">Net earned premiums Life<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 664px; z-index: 15;\">4,276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 664px; z-index: 15;\">4,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 649px; z-index: 15;\">Net earned premiums Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x236 h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 649px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 649px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 634px; z-index: 15;\">General account and <span class=\"wsf4\">e<span class=\"_ _0\"></span>liminations<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd9 h52 y601 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 634px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y601 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 634px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff36f fs3c fcb sc0 lse7 wsf8\" style=\"left: 324px; bottom: 619px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t earne<span class=\"_ _2b\"></span>d premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h54 y5ff ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 638px; bottom: 619px; z-index: 15;\">8,507<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h54 y5ff ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 771px; bottom: 619px; z-index: 15;\">8,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 517px; height: 444px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 517px; height: 444px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 517px; height: 444px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 517px; height: 444px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 517px; height: 444px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h50 y79c ff374 fs3b fcb sc0 ls149 ws173\" style=\"z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8da ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y601 ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y601 ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1050px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff376 fs3c fcb sc0 lsee ws166\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Unit<span class=\"ls0 ws0\">-<span class=\"lse7 wsf8\">linked ins<span class=\"_ _2b\"></span>urance contra<span class=\"_ _2b\"></span>cts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1020px; z-index: 15;\">198<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1020px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1005px; z-index: 15;\">358<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1005px; z-index: 15;\">250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff376 fs3c fcb sc0 lsec wsfe\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse8 ws10b\">unit<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">linked insurance contracts</span> </span></span></div>\n<div class=\"t m0 x107 h54 y608 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 990px; z-index: 15;\">556<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 990px; z-index: 15;\">486<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff377 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Non unit<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked insurance contracts</span> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y60e ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 945px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 945px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 931px; z-index: 15;\">902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 931px; z-index: 15;\">872<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff377 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Group business total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 916px; z-index: 15;\">1,273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 916px; z-index: 15;\">1,226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 901px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y656 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 901px; z-index: 15;\">327<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y656 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 886px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 886px; z-index: 15;\">426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 886px; z-index: 15;\">431<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y656 ff377 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Individual business total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y656 ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 871px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y656 ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 871px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Total non unit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse4 wsf6\">linked insura<span class=\"_ _0\"></span>nce contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 856px; z-index: 15;\">2,026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 856px; z-index: 15;\">1,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff377 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff376 fs3c fcb sc0 lsf0 wsff\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Investmen<span class=\"_ _2\"></span>t contracts w<span class=\"_ _2\"></span>ith DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y647 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y647 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 812px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x17 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 812px; z-index: 15;\">1,252<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 812px; z-index: 15;\">1,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 797px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 797px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 797px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Total investment contract<span class=\"_ _2\"></span>s with DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 782px; z-index: 15;\">1,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 782px; z-index: 15;\">1,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff376 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Gross pr<span class=\"_ _0\"></span>emium<span class=\"_ _2b\"></span> income Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 752px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 752px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 738px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x17 h52 y5f2 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 738px; z-index: 15;\">1,288<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 738px; z-index: 15;\">1,752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 723px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 xd2 h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 723px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 723px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff376 fs3c fcb sc0 lsee ws15e\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Premium inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 708px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 708px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 69px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 624px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 796px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff376 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 678px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 678px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e4e ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e4f ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 631px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y63a ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 631px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 631px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 601px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s premiums L<span class=\"_ _2\"></span>ife<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 601px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 601px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 586px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 586px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 586px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 571px; z-index: 15;\">Net earned premiums Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 571px; z-index: 15;\">4,276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 571px; z-index: 15;\">4,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e54 ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h50 y1e55 ff374 fs3b fcb sc0 lse3 ws174\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"ls149 ws173\">life</span> </span></div>\n<div class=\"t m0 x7 h4f y1e56 ff374 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y &amp; Cas<span class=\"_ _0\"></span>ualty inc<span class=\"_ _0\"></span>ludes p<span class=\"_ _0\"></span>remiu<span class=\"_ _0\"></span>ms receiv<span class=\"_ _2b\"></span>ed for motor, f<span class=\"_ _0\"></span>ire and ot<span class=\"_ _2b\"></span>her damage to <span class=\"_ _0\"></span>propert<span class=\"_ _0\"></span>y<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y1e57 ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 462px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff374 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 477px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 462px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff374 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 477px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 462px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5ff ff374 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 462px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 431px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s <span class=\"lse4 wsf6\">written premiums<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 431px; z-index: 15;\">1,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 431px; z-index: 15;\">3,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 431px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 416px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 416px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 416px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Gross earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 401px; z-index: 15;\">1,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 401px; z-index: 15;\">3,557<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 401px; z-index: 15;\">4,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 387px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 387px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 387px; z-index: 15;\">(400)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 387px; z-index: 15;\">(458)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Reinsurers' share of unearned<span class=\"_ _0\"></span> premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 372px; z-index: 15;\">2</div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 372px; z-index: 15;\">6</div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 372px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 357px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 357px; z-index: 15;\">3,163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 357px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cbc ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbd ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 310px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 295px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff374 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 310px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 295px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff374 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 310px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 295px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y70b ff374 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 295px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff374 fs3c fc14 sc0 lsed wsf7\" style=\"left: 69px; bottom: 265px; z-index: 15;\">Gross writ<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>en pre<span class=\"_ _2b\"></span>miums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 265px; z-index: 15;\">1,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 265px; z-index: 15;\">3,496<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 265px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 250px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y5f7 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 250px; z-index: 15;\"> </div>\n<div class=\"t m0 x39a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 250px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 250px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 235px; z-index: 15;\">Gross earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 235px; z-index: 15;\">1,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 235px; z-index: 15;\">3,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 235px; z-index: 15;\">4,603<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 220px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 220px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 220px; z-index: 15;\">(383)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 220px; z-index: 15;\">(433)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 205px; z-index: 15;\">Reinsurers' share of unearned<span class=\"_ _0\"></span> premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5ff ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 205px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 205px; z-index: 15;\">3</div>\n<div class=\"t m0 xd6 h52 y5ff ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 205px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 190px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 190px; z-index: 15;\">1,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 190px; z-index: 15;\">3,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 190px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 179px; height: 927px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 179px; height: 927px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 179px; height: 927px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 179px; height: 927px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 179px; height: 927px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff379 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Below is a bre<span class=\"_ _2b\"></span>akdown of the Non<span class=\"ls0 ws0\">-</span>life net<span class=\"_ _0\"></span> earned pre<span class=\"_ _2b\"></span>miums by insuranc<span class=\"_ _2b\"></span>e operating segm<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff379 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 1065px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 1050px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff379 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 1065px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 1050px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y601 ff379 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 1050px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 1020px; z-index: 15;\">536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 1020px; z-index: 15;\">998<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1020px; z-index: 15;\">1,534<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 1005px; z-index: 15;\">274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 1005px; z-index: 15;\">961<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1005px; z-index: 15;\">1,235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 990px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 990px; z-index: 15;\">1,210<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 990px; z-index: 15;\">1,471<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Elimination<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y5f4 ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 975px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 975px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 960px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 960px; z-index: 15;\">3,163<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 960px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 898px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 ydd0 ff379 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 913px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 898px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 ydd0 ff379 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 913px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 898px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f2 ff379 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 898px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 ydd0 ff379 fs3c fcb sc0 ls0 ws0\" style=\"left: 795px; bottom: 913px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 868px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 868px; z-index: 15;\">548<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 868px; z-index: 15;\">953<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 868px; z-index: 15;\">1,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 853px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 853px; z-index: 15;\">251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 853px; z-index: 15;\">988<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 853px; z-index: 15;\">1,239<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 838px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 838px; z-index: 15;\">242<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 838px; z-index: 15;\">1,193<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 838px; z-index: 15;\">1,435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 823px; z-index: 15;\">Elimination<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 823px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 823px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff37b fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 808px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 808px; z-index: 15;\">1,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 808px; z-index: 15;\">3,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 808px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 797px; height: 309px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 797px; height: 309px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 797px; height: 309px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 797px; height: 309px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 797px; height: 309px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Int<span class=\"_ _2b\"></span>e<span class=\"_ _2\"></span>res<span class=\"_ _0\"></span>t, dividend a<span class=\"_ _2\"></span>nd</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">other in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>estme<span class=\"_ _2\"></span>n<span class=\"_ _2b\"></span>t in<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>me</div>\n<div class=\"t m0 x2a3 h54 y1550 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y1550 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff37f fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st inco<span class=\"_ _2b\"></span>me<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff37f fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff37f fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Interest income on cas<span class=\"_ _0\"></span>h &amp; cash equivalents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 786px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5f4 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on loans to b<span class=\"_ _2\"></span>anks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Interest income on investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">1,331<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,355<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on loans to cu<span class=\"_ _2\"></span>stomers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on <span class=\"lse4 wsf3\">derivatives held <span class=\"_ _0\"></span>for trading and other<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 727px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h54 y5fc ff381 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total interest income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,734<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,683<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Dividend income from equity securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 682px; z-index: 15;\">164<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 682px; z-index: 15;\">161<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Rental income from inv<span class=\"_ _0\"></span>estment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 667px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 667px; z-index: 15;\">211<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Rental income from pa<span class=\"_ _0\"></span>rking garage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y180c ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">456<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y180c ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 652px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff37f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff381 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 623px; z-index: 15;\">Total interest, dividend <span class=\"_ _2\"></span>and other investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 623px; z-index: 15;\">2,648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 623px; z-index: 15;\">2,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e69 ff37f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Rental i<span class=\"_ _0\"></span>ncome from<span class=\"_ _0\"></span> car parks in 2<span class=\"_ _0\"></span>021 was adver<span class=\"_ _2b\"></span>sely impacted by th<span class=\"_ _0\"></span>e Covid<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">19 pandemic, <span class=\"lse0\">especially f<span class=\"_ _0\"></span>or airp<span class=\"_ _0\"></span>ort and c<span class=\"_ _2b\"></span>ity <span class=\"wsef\">centre<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">car park<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\">. </span></span></span></span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 565px; height: 396px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1c16 ff37f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c17 ff37f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 565px; height: 396px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 565px; height: 396px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 565px; height: 396px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 565px; height: 396px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 565px; height: 396px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">R<span class=\"_ _2b\"></span>esult on sa<span class=\"_ _2\"></span>les  </div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">and<span class=\"_ _2\"></span> re<span class=\"_ _1\"></span>valu<span class=\"_ _2\"></span>ations</div>\n<div class=\"t m0 x2a3 h52 y1550 ff384 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff384 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Debt securities classified a<span class=\"_ _0\"></span>s available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 786px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 786px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Equity securities classified as<span class=\"_ _0\"></span> available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff384 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Financial instruments held for trading<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 756px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f9 ff384 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Inv<span class=\"_ _2\"></span>estment <span class=\"_ _2\"></span><span class=\"lse4 wsf4\">property<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f9 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Capital gain (losses) on sa<span class=\"_ _0\"></span>le of shares of <span class=\"_ _0\"></span>subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f7 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 xb8 h52 y5f7 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 727px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5fc ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y601 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 697px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y601 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 697px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h52 y5fc ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Assets and liabilities h<span class=\"_ _0\"></span>eld at fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 667px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">through profit or loss</span> </div>\n<div class=\"t m0 x145 h52 y601 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 667px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 667px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Hedging results<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y180c ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 652px; z-index: 15;\">90<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y180c ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 652px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 637px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 637px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff386 fs3c fcb sc0 lsee ws15e\" style=\"left: 69px; bottom: 623px; z-index: 15;\">Total Result on sales and revaluations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff386 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 623px; z-index: 15;\">621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff386 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 623px; z-index: 15;\">294<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c16 ff384 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c17 ff384 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e01 ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As descri<span class=\"_ _0\"></span>bed in the Not<span class=\"_ _0\"></span>e 20, Ageas<span class=\"_ _0\"></span> SA/NV acq<span class=\"_ _2b\"></span>uired in the course of<span class=\"_ _0\"></span> the</div>\n<div class=\"t m0 x7 h4f y1e02 ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fourth qu<span class=\"_ _0\"></span>arter of 2022 a<span class=\"_ _2b\"></span>n aggregate princ<span class=\"_ _0\"></span>ipal amo<span class=\"_ _0\"></span>unt of EUR</div>\n<div class=\"t m0 x7 h4f y1e03 ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">233,250,<span class=\"_ _2b\"></span>000 of FRESH securit<span class=\"_ _2b\"></span>ies, issued in 2002 by<span class=\"_ _0\"></span> its subsi<span class=\"_ _0\"></span>diary</div>\n<div class=\"t m0 x7 h4f y1e6c ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageasfi<span class=\"_ _2b\"></span>nlux S.A. The acquis<span class=\"_ _0\"></span>ition res<span class=\"_ _2b\"></span>ulted in the derec<span class=\"_ _0\"></span>ognition of<span class=\"_ _0\"></span> the</div>\n<div class=\"t m0 x7 h4f y1e6d ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">corresp<span class=\"_ _2b\"></span>onding liability i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the co<span class=\"_ _0\"></span>nsolida<span class=\"_ _2b\"></span>ted statement of fin<span class=\"_ _0\"></span>ancial pos<span class=\"_ _2b\"></span>ition</div>\n<div class=\"t m0 x7 h4f y1e6e ff384 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of Ageas g<span class=\"_ _2\"></span>roup, generating a<span class=\"_ _2\"></span> gain of EUR 1<span class=\"_ _2\"></span>46.3 million. This<span class=\"_ _2\"></span> mainly</div>\n<div class=\"t m0 x7 h4f y1e6f ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">includes<span class=\"_ _0\"></span> the combi<span class=\"_ _2b\"></span>ned effect of the gain on ex<span class=\"_ _0\"></span>tingu<span class=\"_ _0\"></span>ishment<span class=\"_ _0\"></span> of the</div>\n<div class=\"t m0 x7 h4f y1e70 ff384 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liability<span class=\"_ _2\"></span> and the gain on the resul<span class=\"lse0 wsfa\">t on the asso<span class=\"_ _2b\"></span>ciated cash fl<span class=\"_ _0\"></span>ow hedg<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y1e71 ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(interes<span class=\"_ _0\"></span>t rate swa<span class=\"_ _0\"></span>p), refle<span class=\"_ _0\"></span>cted in bot<span class=\"_ _2b\"></span>h the lines \u2018Other\u2019 an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>\u2018H<span class=\"_ _0\"></span>edging</div>\n<div class=\"t m0 x7 h4f y1e72 ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result\u2019 i<span class=\"_ _0\"></span>n the table ab<span class=\"_ _0\"></span>ove.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e73 ff384 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1e74 ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Also incl<span class=\"_ _0\"></span>uded in the li<span class=\"_ _0\"></span>ne \u201cOther<span class=\"_ _0\"></span>\u201d is <span class=\"lse2 wsf1\">GBP<span class=\"ls0 ws0\"> </span>47<span class=\"_ _2\"></span></span>.5 m<span class=\"_ _0\"></span>illion (<span class=\"_ _0\"></span>before tax<span class=\"_ _0\"></span>) gain on</div>\n<div class=\"t m0 x1a h4f y1e75 ff384 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the sale of the<span class=\"_ _2\"></span> commercial lines front book<span class=\"_ _2\"></span> business in the <span class=\"lsfa ws114\">UK.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1e76 ff384 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1e77 ff384 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">In <span class=\"lse2 wsfa\">2022, A<span class=\"_ _2\"></span>geas increase<span class=\"ls0 ws0\">d <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">its int<span class=\"_ _2b\"></span>erest in the joint ve<span class=\"_ _0\"></span>nture Age<span class=\"_ _0\"></span>as Fede<span class=\"_ _0\"></span>ral </span></span></span></div>\n<div class=\"t m0 x1a h4f y1e78 ff384 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Life Ins<span class=\"_ _0\"></span>urance C<span class=\"_ _2b\"></span>ompany Ltd (AF<span class=\"_ _2b\"></span>LIC) from 49% t<span class=\"_ _0\"></span>o 74<span class=\"lsfd ws116\">%. <span class=\"lse2 wsf1\">Unde</span></span>r IFRS,</div>\n<div class=\"t m0 x1a h4f y1e79 ff384 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">this tra<span class=\"_ _2b\"></span>nsaction is con<span class=\"_ _0\"></span>sidere<span class=\"_ _0\"></span>d a step <span class=\"_ _0\"></span>acquisit<span class=\"_ _2b\"></span>ion, hence the <span class=\"_ _0\"></span>previo<span class=\"_ _0\"></span>usly</div>\n<div class=\"t m0 x1a h4f y1e7a ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">held inter<span class=\"_ _2b\"></span>est of 49% <span class=\"ls104 ws126\">wa</span>s treated as<span class=\"_ _0\"></span> if it had bee<span class=\"_ _0\"></span>n disposed of<span class=\"_ _0\"></span> and a non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1e7b ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash capit<span class=\"_ _2b\"></span>al gain of EUR 50 milli<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\"> </span>was generat<span class=\"_ _2b\"></span>ed (see note 3</div>\n<div class=\"t m0 x1a h4f y1e7c ff384 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Acquisitions<span class=\"_ _2\"></span> and disposals for more detai<span class=\"lse0 wsf0\">ls). This gain was<span class=\"_ _0\"></span> include<span class=\"_ _0\"></span>d in </span></div>\n<div class=\"t m0 x1a h4f y1e7d ff384 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the line <span class=\"_ _0\"></span>\u2018Equity<span class=\"_ _0\"></span> account<span class=\"_ _2b\"></span>ed investment<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\">\u2019<span class=\"_ _2\"></span>.</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 407px; height: 554px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 407px; height: 554px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">In<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>estme<span class=\"_ _2\"></span>n<span class=\"_ _2b\"></span>t in<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>me relat<span class=\"_ _0\"></span>ed</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">to unit<span class=\"_ _2b\"></span>-link<span class=\"_ _2b\"></span>ed contracts</div>\n<div class=\"t m0 x2a3 h52 y1550 ff389 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff389 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff38b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff389 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">(Un)realised gains (losses) <span class=\"ls0 ws0\">- <span class=\"lsec wsf3\">in<span class=\"_ _2\"></span>surance c<span class=\"_ _2\"></span>ontracts<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x25f h52 y5f4 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 786px; z-index: 15;\">(428)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff389 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">(Un)realised gains (losses) <span class=\"ls0 ws0\">- </span><span class=\"wsf3\">investment contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h52 y5f9 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 771px; z-index: 15;\">(2,215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">964<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff38c fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">(Un)realised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 596px; bottom: 756px; z-index: 15;\">(2,643)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff389 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Investment income <span class=\"ls0 ws0\">- <span class=\"lsec ws100\">insu<span class=\"_ _2\"></span>rance cont<span class=\"_ _2\"></span>racts</span> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff389 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Investment income <span class=\"ls0 ws0\">- </span><span class=\"wsf6\">investment contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5fc ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff38c fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Realised investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 697px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff389 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff389 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff389 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff38c fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Total investment income <span class=\"_ _2\"></span>related to unit<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">linked contracts</span> </span></div>\n<div class=\"t m0 x49 h54 y601 ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 596px; bottom: 667px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 667px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 656px; height: 305px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 656px; height: 305px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 656px; height: 305px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9 wsc\" style=\"z-index: 15;\">Fee<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">commission<span class=\"_ _0\"></span> inco<span class=\"_ _2b\"></span>me</div>\n<div class=\"t m0 x2a3 h52 y1550 ff38f fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff38f fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff38f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Reinsurance commissions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff38f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Insurance and investment fees<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff38f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Asset management<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff38f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Guarantees and commitment fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 xb8 h52 y5f9 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f7 ff38f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other service fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff391 fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total f<span class=\"_ _0\"></span>ee an<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>missio<span class=\"_ _0\"></span>n incom<span class=\"_ _0\"></span>e<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff391 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff391 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a60 ff38f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a61 ff38f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a62 ff38f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line it<span class=\"_ _0\"></span>em <span class=\"ls0 ws0\">\u2018<span class=\"lse2 ws103\">Other serv<span class=\"_ _2\"></span>ice fees</span>\u2019 </span><span class=\"wsfa\">mainly relat<span class=\"_ _2b\"></span>es to fees receiv<span class=\"_ _2b\"></span>ed by Ageas br<span class=\"_ _0\"></span>okerag<span class=\"_ _0\"></span>e compa<span class=\"_ _0\"></span>nies for t<span class=\"_ _0\"></span>he sale <span class=\"_ _0\"></span>of insu<span class=\"_ _0\"></span>rance pol<span class=\"_ _2b\"></span>icies to third p<span class=\"_ _2b\"></span>arties.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 654px; height: 307px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 654px; height: 307px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 654px; height: 307px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls1 ws1\" style=\"z-index: 15;\">inco<span class=\"_ _2\"></span>me</div>\n<div class=\"t m0 x2a3 h52 y1550 ff394 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff394 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff394 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff394 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff394 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff394 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Proceeds of sale of p<span class=\"_ _0\"></span>roperty intended for <span class=\"_ _0\"></span>sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff394 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Recovery of staff and<span class=\"_ _0\"></span> other expenses from thir<span class=\"_ _0\"></span>d parties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff396 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Total ot<span class=\"_ _2b\"></span>her income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff396 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff396 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">282<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17e1 ff394 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e42 ff394 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e8a ff394 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Total oth<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">income<span class=\"_ _0\"></span> includes<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">proceeds fr<span class=\"_ _2\"></span>om</span> <span class=\"lse0 wsfa\">the s<span class=\"_ _0\"></span>ale of bui<span class=\"_ _0\"></span>ldings h<span class=\"_ _0\"></span>eld for </span></span></span></div>\n<div class=\"t m0 x7 h4f y1e8b ff394 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">resale re<span class=\"_ _0\"></span>lated to AGR<span class=\"_ _0\"></span>E real est<span class=\"_ _0\"></span>ate develo<span class=\"_ _0\"></span>pment pr<span class=\"_ _0\"></span>ojects<span class=\"_ _0\"></span> for an amount</div>\n<div class=\"t m0 x7 h4f y1e8c ff394 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of EUR 128<span class=\"_ _2\"></span><span class=\"lsfc ws115\">.1<span class=\"ls0 ws0\"> </span><span class=\"ls102\">millio<span class=\"_ _2\"></span>n (</span></span><span class=\"wsf1\">2021: <span class=\"lsfa ws114\">EUR <span class=\"_ _2\"></span></span>128.3 </span>million),<span class=\"_ _2\"></span> the re<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">invoicing of </span></span></div>\n<div class=\"t m0 x1a h4f y1e8d ff394 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">service co<span class=\"_ _2b\"></span>sts related to rent<span class=\"_ _0\"></span>al activi<span class=\"_ _0\"></span>ties, the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>tur<span class=\"_ _0\"></span>nover of se<span class=\"_ _0\"></span>rvice</div>\n<div class=\"t m0 x1a h4f y1e8e ff394 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">companies an<span class=\"_ _2\"></span>d the <span class=\"lse0 wsef\">re<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">billing<span class=\"_ _2\"></span></span> </span><span class=\"wsf0\">of staff<span class=\"_ _0\"></span> and other ex<span class=\"_ _2b\"></span>penses <span class=\"lsf4 ws10c\">to<span class=\"ls0 ws0\"> </span></span>third parti<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 652px; height: 309px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 652px; height: 309px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 652px; height: 309px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Insura<span class=\"_ _2\"></span>nc<span class=\"_ _0\"></span>e claim<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and benefits</div>\n<div class=\"t m0 x2a3 h52 y1550 ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff39b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Life insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">4,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">4,897<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h52 y5f9 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 771px; z-index: 15;\">2,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 771px; z-index: 15;\">2,578<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">General account and e<span class=\"_ _0\"></span>liminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y60e ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 756px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y60e ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 756px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff39b fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Total insurance claims and benefits, net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 741px; z-index: 15;\">7,484<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 741px; z-index: 15;\">7,471<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17e1 ff399 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e42 ff399 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff399 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y60e ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 694px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y60e ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 694px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff39b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 664px; z-index: 15;\">Benefits and surrenders, gros<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 664px; z-index: 15;\">5,096<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 664px; z-index: 15;\">4,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 649px; z-index: 15;\">Change in liabilities arising<span class=\"_ _0\"></span> from insurance and invest<span class=\"_ _0\"></span>ment contracts, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 649px; z-index: 15;\">(274)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 649px; z-index: 15;\">109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff39b fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Total Li<span class=\"_ _2b\"></span>fe insurance<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>cla<span class=\"_ _2b\"></span>ims and benef<span class=\"_ _0\"></span>its, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 634px; z-index: 15;\">4,822<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 634px; z-index: 15;\">4,914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 619px; z-index: 15;\">Reinsurers' share of cl<span class=\"_ _0\"></span>aims and benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 619px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 619px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff39b fs3c fcb sc0 lsec wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Total<span class=\"_ _2\"></span> Life in<span class=\"_ _2\"></span>surance <span class=\"_ _2\"></span>claims an<span class=\"_ _2\"></span>d benefi<span class=\"_ _2\"></span>ts, net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 604px; z-index: 15;\">4,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 604px; z-index: 15;\">4,897<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e92 ff399 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e93 ff399 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff399 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y603 ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 557px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 557px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff39b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff399 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Claims paid, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 527px; z-index: 15;\">2,705<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 527px; z-index: 15;\">2,547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 512px; z-index: 15;\">Change in liabilities arising<span class=\"_ _0\"></span> from insurance contracts,<span class=\"_ _0\"></span> gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 512px; z-index: 15;\">208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 512px; z-index: 15;\">300<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff39b fs3c fcb sc0 lsee ws15e\" style=\"left: 69px; bottom: 497px; z-index: 15;\">Total Non<span class=\"ls0 ws0\">-<span class=\"lse7\">life ins<span class=\"_ _0\"></span>urance<span class=\"_ _0\"></span> claims<span class=\"_ _2b\"></span> and benef<span class=\"_ _2b\"></span>its, gross<span class=\"ls0\"> </span></span></span></div>\n<div class=\"t m0 x17 h54 y5f4 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 497px; z-index: 15;\">2,913<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 497px; z-index: 15;\">2,847<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 482px; z-index: 15;\">Reinsurers' share of cl<span class=\"_ _0\"></span>aims paid<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 482px; z-index: 15;\">(191)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 482px; z-index: 15;\">(193)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Reinsurers' share of ch<span class=\"_ _0\"></span>ange in liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 468px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 468px; z-index: 15;\">(76)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff39b fs3c fcb sc0 lsee ws15e\" style=\"left: 69px; bottom: 453px; z-index: 15;\">Total Non<span class=\"ls0 ws0\">-<span class=\"lse7\">life ins<span class=\"_ _0\"></span>urance<span class=\"_ _0\"></span> claims<span class=\"_ _2b\"></span> and benef<span class=\"_ _2b\"></span>its, net<span class=\"ls0\"> </span></span></span></div>\n<div class=\"t m0 x17 h54 y5f2 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 453px; z-index: 15;\">2,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 453px; z-index: 15;\">2,578<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 442px; height: 519px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 442px; height: 519px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 442px; height: 519px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>in<span class=\"_ _2\"></span>ancing</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls1 ws1\" style=\"z-index: 15;\">costs</div>\n<div class=\"t m0 x2a3 h52 y1550 ff39e fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff39e fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 786px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 786px; z-index: 15;\">85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Lease liability<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Borrowings from banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 741px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff3a0 fs3c fcb sc0 lsec ws100\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total<span class=\"_ _2\"></span> financin<span class=\"_ _2\"></span>g costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff3a0 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff3a0 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 701px; height: 260px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 701px; height: 260px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 701px; height: 260px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 701px; height: 260px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 701px; height: 260px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Cha<span class=\"_ _2\"></span>nge in</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">impairments</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3a3 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3a3 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Investments in equity securitie<span class=\"_ _0\"></span>s and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 786px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3a3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Investments in debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 756px; z-index: 15;\">4</div>\n<div class=\"t m0 x78 h52 y60e ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 741px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f7 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3a3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Reinsurance and other <span class=\"wsf4\">receivables<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5fc ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 712px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y5fc ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 712px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y601 ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y601 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 697px; z-index: 15;\">2</div>\n<div class=\"t m0 x78 h52 y601 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5fc ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">1</div>\n<div class=\"t m0 xb8 h52 y5fc ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y601 ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 xb8 h52 y601 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 667px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y180c ff3a5 fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Total c<span class=\"_ _2b\"></span>hange in im<span class=\"_ _2b\"></span>pairments<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x107 h54 y180c ff3a5 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y180c ff3a5 fs3c fcb sc0 lse4 wsf4\" style=\"left: 786px; bottom: 652px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17eb ff3a3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ec ff3a3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ed ff3a3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An impairment<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">loss</span> <span class=\"lse0 wsf0\">of EUR 2<span class=\"ls102 ws115\">9 million<span class=\"_ _2\"></span></span></span> <span class=\"lse0 wsfa\">was r<span class=\"_ _0\"></span>ecorde<span class=\"_ _0\"></span>d in the l<span class=\"_ _0\"></span>ine \u201c<span class=\"ls0 ws0\">E</span><span class=\"lse2\">quity a</span>ccounted i<span class=\"_ _2b\"></span>nvestments<span class=\"lse2 wsf1\">\u201d, </span><span class=\"wsf0\">relati<span class=\"_ _0\"></span>ng to the int<span class=\"_ _0\"></span>erest in <span class=\"lse2 wsfa\">Royal Sundaram Genera<span class=\"_ _2\"></span>l </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y17ee ff3a3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Insurance Company Li<span class=\"_ _2\"></span>mited<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 579px; height: 382px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 579px; height: 382px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 579px; height: 382px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Fe<span class=\"_ _0\"></span>e and  </div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">commiss<span class=\"_ _2\"></span>ion e<span class=\"_ _1\"></span>xpen<span class=\"_ _2\"></span>ses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3a8 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3a8 fs3c fcb sc0 ls0 ws0\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2<span class=\"lse4 wsf4\">021</span> </div>\n<div class=\"t m0 x14d h52 y608 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 xb8 h52 y5f4 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 786px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5f9 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Intermediaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 771px; z-index: 15;\">1,087<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 771px; z-index: 15;\">1,154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3a8 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Asset management fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 756px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y60e ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 756px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5f9 ff3a8 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Custodian fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5f9 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 741px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5f7 ff3a8 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other fee and commission<span class=\"_ _0\"></span> expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff3aa fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total f<span class=\"_ _0\"></span>ee an<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>missio<span class=\"_ _0\"></span>n expe<span class=\"_ _0\"></span>nses<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff3aa fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff3aa fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 701px; height: 260px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 701px; height: 260px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 701px; height: 260px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">Staff<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"_ _2b\"></span>xpenses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3ad fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3ad fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff3af fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Salaries and wages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">653<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">590<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Social security charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">129<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Pension expenses relating to defined benefit pension plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Defined contribution plan expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">9</div>\n<div class=\"t m0 xd2 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Share<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">based compensation<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 727px; z-index: 15;\">3</div>\n<div class=\"t m0 xb8 h52 y5f7 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 727px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff3af fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff3af fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 697px; z-index: 15;\">922<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff3af fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">852<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c9e ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c9f ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca0 ff3ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The line<span class=\"_ _2\"></span> item \u2018Other\u2019 includ<span class=\"_ _2\"></span>es mainly other <span class=\"_ _2\"></span>short<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term empl<span class=\"_ _2b\"></span>oyee </span></span></div>\n<div class=\"t m0 x7 h4f y1ca1 ff3ad fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1ca2 ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1eb1 ff3ad fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Note <span class=\"ls0 ws0\">6 </span>section <span class=\"ls0 ws0\">6<span class=\"lse2 wsfa\">.1 Employee be<span class=\"_ _2\"></span>nefits contains <span class=\"_ _2\"></span>further details of p<span class=\"_ _2\"></span>ost</span>-</span></div>\n<div class=\"t m0 x1a h4f y1eb2 ff3ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">employment <span class=\"_ _2\"></span>benefits and other<span class=\"_ _2\"></span> long<span class=\"ls0 ws0\">-</span>term emplo<span class=\"_ _2\"></span>yee benefits, includi<span class=\"_ _2\"></span>ng</div>\n<div class=\"t m0 x1a h4f y1eb3 ff3ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension co<span class=\"_ _2b\"></span>sts<span class=\"ls0 ws0\"> </span>related to defi<span class=\"_ _0\"></span>ned benef<span class=\"_ _0\"></span>it plans an<span class=\"_ _0\"></span>d defined cont<span class=\"_ _2b\"></span>ribution</div>\n<div class=\"t m0 x1a h4f y1eb4 ff3ad fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">plan<span class=\"lsf4 ws10c\">s. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 592px; height: 369px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 592px; height: 369px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 592px; height: 369px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 592px; height: 369px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 592px; height: 369px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"_ _2b\"></span>xpenses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3b2 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3b2 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff3b4 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Depreciation on tangible assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y5f4 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Buildings held for own <span class=\"_ _0\"></span>use and car parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Leasehold improvements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 756px; z-index: 15;\">6</div>\n<div class=\"t m0 xb8 h52 y60e ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 756px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff3b4 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Amortisation of intangibl<span class=\"_ _2\"></span>e assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Purchased software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Internally developed <span class=\"lsec wsfe\">softwar<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y601 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 667px; z-index: 15;\">8</div>\n<div class=\"t m0 xb8 h52 y601 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 667px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Value of business acq<span class=\"_ _0\"></span>uired (VOBA)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 652px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 652px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other intangible assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff3b4 fs3c fcb sc0 lse7 ws109\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Other<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Other rental expenses and related expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 593px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 593px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Variable Lease Payments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 578px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 578px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Operating and other dir<span class=\"_ _0\"></span>ect expenses relating to in<span class=\"_ _0\"></span>vestment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 563px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 563px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Operating and other dir<span class=\"_ _0\"></span>ect expenses relating to pr<span class=\"_ _0\"></span>operty for own use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 548px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 548px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Professional fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 534px; z-index: 15;\">144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 534px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 519px; z-index: 15;\">Capi<span class=\"_ _2\"></span>talised d<span class=\"_ _2\"></span>eferred ac<span class=\"_ _2\"></span>quisit<span class=\"_ _2\"></span>ion costs<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 519px; z-index: 15;\">(353)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 519px; z-index: 15;\">(416)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 504px; z-index: 15;\">Depreciation deferred acquisition costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 504px; z-index: 15;\">375<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 504px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 489px; z-index: 15;\">Marketing and public relation<span class=\"_ _0\"></span>s costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 489px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 489px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 474px; z-index: 15;\">Information technology costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 474px; z-index: 15;\">213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 474px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 459px; z-index: 15;\">Maintenance and repair e<span class=\"_ _0\"></span>xpenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 459px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 459px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 444px; z-index: 15;\">Cost of sale of prope<span class=\"_ _0\"></span>rty intended for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 444px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 444px; z-index: 15;\">116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 430px; z-index: 15;\">307<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 430px; z-index: 15;\">290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff3b4 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 415px; z-index: 15;\">Total ot<span class=\"_ _2b\"></span>her expenses<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff3b4 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 415px; z-index: 15;\">1,412<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff3b4 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 415px; z-index: 15;\">1,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 404px; height: 421px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1ebe ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ebf ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ec0 ff3b2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas\u2019s car par<span class=\"_ _2\"></span>k operator <span class=\"wsf1\">Interparking <span class=\"_ _2\"></span></span>has arrangements whereby a<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y1ec1 ff3b2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">variabl<span class=\"_ _0\"></span>e lease i<span class=\"_ _0\"></span>s paid f<span class=\"_ _0\"></span>or car p<span class=\"_ _0\"></span>arks. <span class=\"ls0 ws0\">V</span>ari<span class=\"_ _0\"></span>able leas<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">expense</span> </span><span class=\"lse2\">is hi<span class=\"_ _2\"></span>gher in </span></div>\n<div class=\"t m0 x7 h4f y1ec2 ff3b2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">2022 following<span class=\"_ _2\"></span> the recovery from the impact<span class=\"_ _2\"></span> of <span class=\"lse0 wsfa\">th<span class=\"_ _0\"></span>e Covid<span class=\"ls0 ws0\">-</span><span class=\"lse2\">19 pandemic.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1ec3 ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1ec4 ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse0 wsfa\">he line </span><span class=\"lsfc\">item \u2018<span class=\"lse2 wsfa\">Opera<span class=\"_ _2\"></span>ting and other d<span class=\"_ _2\"></span>irect exp<span class=\"lse0 wsf0\">enses relat<span class=\"_ _2b\"></span>ing to </span></span></span></div>\n<div class=\"t m0 x1a h4f y1ec5 ff3b2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment proper<span class=\"_ _2\"></span>ty<span class=\"ls106 ws124\">\u2019 </span>is partly <span class=\"lse0 wsef\">offset<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">by incom<span class=\"_ _2b\"></span>e accounts as report<span class=\"_ _0\"></span>ed in </span></span></div>\n<div class=\"t m0 x1a h4f y1ec6 ff3b2 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">note <span class=\"lse2 wsf1\">35<span class=\"ls0 ws0\"> </span><span class=\"ws103\">Other Income<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 313px; height: 648px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 313px; height: 648px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 313px; height: 648px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 313px; height: 648px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 x7 h6a y79c ff3b9 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">41.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff3b9 fs46 fcf sc0 ls10c ws12f\" style=\"z-index: 15;\">Audi<span class=\"_ _2\"></span>t fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff3b7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"lse2 wsf1\">or 2<span class=\"_ _2\"></span>022</span> <span class=\"lse2 wsf1\">and <span class=\"ws103\">2021, the<span class=\"_ _2\"></span>se fees</span></span> <span class=\"lse0 wsfa\">can be br<span class=\"_ _0\"></span>oken dow<span class=\"_ _2b\"></span>n into the foll<span class=\"_ _0\"></span>owing co<span class=\"_ _2b\"></span>mponents:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse0 wsfa\">audit fees, w<span class=\"_ _0\"></span>hich in<span class=\"_ _0\"></span>clude fee<span class=\"_ _2b\"></span>s for auditing t<span class=\"_ _2b\"></span>he statutory,<span class=\"_ _0\"></span> consoli<span class=\"_ _0\"></span>dated f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al state<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>nd the r<span class=\"_ _0\"></span>eview of<span class=\"_ _0\"></span> the int<span class=\"_ _0\"></span>erim fi<span class=\"wsf0\">n<span class=\"_ _0\"></span>ancial stat<span class=\"_ _2b\"></span>ements;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y7a0 ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse2 wsf1\">a<span class=\"_ _2\"></span>udit</span><span class=\"ff3b7\">-<span class=\"lse2 ws103\">related fees<span class=\"_ _2\"></span>, which include fees for work per<span class=\"_ _2\"></span>formed on</span> <span class=\"lse2 wsfa\">prospectuse<span class=\"_ _2\"></span>s, non</span>-<span class=\"lse0 wsf0\">standard a<span class=\"_ _2b\"></span>uditing and adviso<span class=\"_ _2b\"></span>ry services not re<span class=\"_ _0\"></span>lated to st<span class=\"_ _0\"></span>atutory </span></span></span></div>\n<div class=\"t m0 x43 h4f y7a1 ff3b7 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">auditing;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya7f ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse0 wsfa\">fees for tax a<span class=\"_ _0\"></span>dvice;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div></div>\n<div class=\"t m0 x7 h4f ya80 ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse2 wsfa\">o<span class=\"_ _2\"></span>ther non</span><span class=\"ff3b7\">-<span class=\"lse2 wsfa\">audi<span class=\"_ _2\"></span>t fees, which inclu<span class=\"_ _2\"></span>de fees for suppo<span class=\"_ _2\"></span>rt and advice.</span> </span></span></div>\n<div class=\"t m0 x15e h52 y5ff ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 939px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x15e h52 y5ff ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 777px; bottom: 939px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 511px; bottom: 924px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff3b7 fs3c fcb sc0 lsec wsfe\" style=\"left: 501px; bottom: 909px; z-index: 15;\">Stat<span class=\"_ _2\"></span>utory<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 504px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 601px; bottom: 924px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 598px; bottom: 909px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 591px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 684px; bottom: 924px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff3b7 fs3c fcb sc0 lsec wsfe\" style=\"left: 674px; bottom: 909px; z-index: 15;\">Stat<span class=\"_ _2\"></span>utory<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 677px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 924px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 771px; bottom: 909px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 764px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya81 ff3b7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 536px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 709px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 924px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 909px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff3b7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 864px; z-index: 15;\">Audit fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 864px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 864px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 864px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 864px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f4 ff3b7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 849px; z-index: 15;\">Audit<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">related fees<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x44 h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 849px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 849px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff3b7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 834px; z-index: 15;\">Tax fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff3b7 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 819px; z-index: 15;\">Other non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">audit fees<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff3bc fs3c fcb sc0 lsec wsfe\" style=\"left: 69px; bottom: 805px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 532px; bottom: 805px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 619px; bottom: 805px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 705px; bottom: 805px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 792px; bottom: 805px; z-index: 15;\">2</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 794px; height: 312px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 794px; height: 312px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 794px; height: 312px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 794px; height: 312px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 794px; height: 312px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">ta<span class=\"_ _2\"></span>x e<span class=\"_ _2b\"></span>xpen<span class=\"_ _2\"></span>ses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3bd fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3bd fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Current tax expenses for the current period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Adjustments recognised in <span class=\"_ _0\"></span>the period for current t<span class=\"_ _0\"></span>ax of prior periods<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 771px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 771px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff3bf fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Total current tax exp<span class=\"_ _0\"></span>enses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Deferred tax arising from the current period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 727px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Impact of changes in tax <span class=\"wsf3\">rates on deferred taxes<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x145 h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 712px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff3bd fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Deferred <span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ax a<span class=\"_ _2b\"></span>rising from the<span class=\"_ _2b\"></span> write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">down or (reversal)</span> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 682px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">of a deferred tax asset</span> </div>\n<div class=\"t m0 x78 h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Previously unrecognised tax losses, tax credits and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y180c ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">temporary differences reducing deferred <span class=\"_ _0\"></span>tax expense<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y180c ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 652px; z-index: 15;\">3</div>\n<div class=\"t m0 x78 h52 y180c ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff3bf fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Total deferred tax expenses (income)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y608 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h54 y608 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 779px; bottom: 637px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff3bd fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3bd fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3bd fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff3bf fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Total income tax expenses (income)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 608px; z-index: 15;\">229<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 608px; z-index: 15;\">215<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1eda ff3bd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1edb ff3bd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1edc ff3bd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Below is a rec<span class=\"_ _0\"></span>oncili<span class=\"_ _0\"></span>ation fro<span class=\"_ _0\"></span>m expecte<span class=\"_ _0\"></span>d to actual inc<span class=\"_ _2b\"></span>ome tax expense.</div>\n<div class=\"t m0 x7 h4f y1edd ff3bd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Given the financ<span class=\"_ _2\"></span>ial reporting consolidati<span class=\"_ _2\"></span>on at the Belgian top holdi<span class=\"_ _2\"></span>ng</div>\n<div class=\"t m0 x7 h4f y1ede ff3bd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">company <span class=\"ls0 ws0\">A<span class=\"_ _2\"></span><span class=\"lse0 wsef\">geas </span></span><span class=\"ws103\">SA/NV, the Group tax rate is<span class=\"_ _2\"></span> determined at the </span></div>\n<div class=\"t m0 x7 h4f y1edf ff3bd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">prevail<span class=\"_ _0\"></span>ing corpo<span class=\"_ _0\"></span>rate inc<span class=\"_ _0\"></span>ome tax rate i<span class=\"_ _2b\"></span>n Belgium. Devia<span class=\"lse2 ws103\">tions between </span></div>\n<div class=\"t m0 x1a h4f y1ee0 ff3bd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d and actu<span class=\"_ _0\"></span>al income t<span class=\"_ _0\"></span>ax expense in t<span class=\"_ _0\"></span>he various<span class=\"_ _0\"></span> jurisdi<span class=\"_ _0\"></span>ctions in</div>\n<div class=\"t m0 x1a h4f y1ee1 ff3bd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which the A<span class=\"_ _0\"></span>geas Grou<span class=\"_ _0\"></span>p operates r<span class=\"_ _2b\"></span>esulting from loc<span class=\"_ _0\"></span>al tax laws an<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x1a h4f y1ee2 ff3bd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ions, a<span class=\"_ _0\"></span>re stat<span class=\"_ _0\"></span>ed at loc<span class=\"_ _2b\"></span>al tax rates app<span class=\"_ _0\"></span>licable <span class=\"_ _0\"></span>in suc<span class=\"_ _0\"></span>h jurisd<span class=\"_ _0\"></span>ictions</div>\n<div class=\"t m0 x1a h4f y1ee3 ff3bd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and can <span class=\"_ _0\"></span>be broke<span class=\"_ _0\"></span>n down i<span class=\"_ _0\"></span>nto th<span class=\"lse2\">e categories depicted<span class=\"_ _2\"></span> below.</span></div>\n<div class=\"t m0 x7 h4f y1ee4 ff3bd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ee5 ff3bd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3bd fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 466px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5f4 ff3bd fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 466px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f4 ff3bd fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 466px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 451px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 451px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 451px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 436px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 436px; z-index: 15;\">1,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 436px; z-index: 15;\">1,231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 421px; z-index: 15;\">Applicable group tax rate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe6 h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 421px; z-index: 15;\">25.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe6 h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 421px; z-index: 15;\">25.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 406px; z-index: 15;\">Expected income tax expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 406px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 406px; z-index: 15;\">308<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff3bf fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 391px; z-index: 15;\">Increase (decrease) against local tax rates resulting<span class=\"_ _0\"></span> from:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y5f9 ff3bf fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 391px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff3bf fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 391px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff3bd fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 376px; z-index: 15;\">Tax ex<span class=\"_ _2\"></span>empt incom<span class=\"_ _2\"></span>e <span class=\"lse4 wsf3\">(including dividend and<span class=\"_ _0\"></span> capital gains)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x145 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 376px; z-index: 15;\">(72)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 376px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 361px; z-index: 15;\">Share in net result of<span class=\"_ _0\"></span> associates and joint ven<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 361px; z-index: 15;\">(62)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 361px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3bd fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 347px; z-index: 15;\">Disallowed items<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 347px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 347px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 332px; z-index: 15;\">Previously unrecognised tax lo<span class=\"_ _0\"></span>sses and temporary differenc<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 332px; z-index: 15;\">(24)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 332px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff3bd fs3c fc14 sc0 lsee ws166\" style=\"left: 69px; bottom: 317px; z-index: 15;\">Write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">down and reversal of write</span>-<span class=\"lsef ws102\">down of <span class=\"lse4 wsf6\">deferred tax assets,</span></span> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 317px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 317px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 302px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">including current year tax</span>-<span class=\"lse4 wsf3\">losses deemed non</span>-<span class=\"lse4 wsf4\">recoverable</span> </div>\n<div class=\"t m0 xb8 h52 y5ff ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 302px; z-index: 15;\">4</div>\n<div class=\"t m0 xd2 h52 y5ff ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 302px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 287px; z-index: 15;\">Impact of changes in tax rates on temporary differences<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 287px; z-index: 15;\"> </div>\n<div class=\"t m0 x145 h52 y601 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 287px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 272px; z-index: 15;\">Foreign tax rate differential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y603 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 272px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 272px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 257px; z-index: 15;\">Adjustments for current and<span class=\"_ _2b\"></span> deferred tax of previous years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 257px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 257px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y1550 ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 243px; z-index: 15;\">Deferred tax on investmen<span class=\"_ _0\"></span>ts in subsidiaries, associates <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y1550 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 243px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y1550 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 243px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 228px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">and joint ventures</span> </div>\n<div class=\"t m0 xd2 h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 228px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 228px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 213px; z-index: 15;\">Local income taxes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 213px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 213px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 198px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">(state/city/cantonal/communal taxes)</span> </div>\n<div class=\"t m0 x78 h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 198px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 198px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 183px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 183px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 183px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff3bf fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 168px; z-index: 15;\">Actua<span class=\"_ _0\"></span>l income<span class=\"_ _0\"></span> tax expe<span class=\"_ _2b\"></span>nses (incom<span class=\"_ _0\"></span>e)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 168px; z-index: 15;\">229<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 168px; z-index: 15;\">215<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 157px; height: 804px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 157px; height: 804px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 157px; height: 804px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Contingent</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">liabilit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h6a y724 ff3c5 fs46 fc10 sc0 ls10b ws12e\" style=\"z-index: 15;\">43.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a ydeb ff3c5 fs46 fc10 sc0 ls10e ws131\" style=\"z-index: 15;\">Contingent liab<span class=\"_ _2\"></span>ilities related to</div>\n<div class=\"t m0 x7 h6a y1f07 ff3c5 fs46 fc10 sc0 ls10e ws131\" style=\"z-index: 15;\">legal proc<span class=\"_ _2\"></span>eedings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 y1a8b ff3c6 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Like any other financial g<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>oup,</div>\n<div class=\"t m0 x7 h63 y1f08 ff3c6 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Ageas group<span class=\"ls0 ws0\"> <span class=\"lsf6\">is involved as a </span></span></div>\n<div class=\"t m0 x7 h63 y1f09 ff3c6 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">defendant in various claim<span class=\"_ _0\"></span>s,</div>\n<div class=\"t m0 x7 h63 y1f0a ff3c6 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">disputes and legal proceed<span class=\"_ _0\"></span>ings</div>\n<div class=\"t m0 x7 h63 y1f0b ff3c6 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">arising in the ordinary course of its</div>\n<div class=\"t m0 x7 h63 y1f0c ff3c6 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">business.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1f0d ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f0e ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In addit<span class=\"_ _0\"></span>ion, as a <span class=\"_ _2b\"></span>result of the <span class=\"_ _0\"></span>events a<span class=\"_ _0\"></span>nd devel<span class=\"_ _0\"></span>opments<span class=\"_ _0\"></span> surro<span class=\"_ _0\"></span>unding t<span class=\"_ _0\"></span>he forme<span class=\"_ _0\"></span>r Forti<span class=\"_ _0\"></span>s group b<span class=\"_ _2b\"></span>etween</div>\n<div class=\"t m0 x26 h4f y1f0f ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">May 2007<span class=\"_ _2\"></span> and October 2008 <span class=\"_ _2\"></span>(e<span class=\"lse0\">.g. t<span class=\"_ _2b\"></span>he acquisitio<span class=\"_ _0\"></span>n of part<span class=\"_ _2b\"></span>s of ABN AMRO a<span class=\"_ _0\"></span>nd the c<span class=\"_ _0\"></span>apital i<span class=\"_ _0\"></span>ncrease i<span class=\"_ _2b\"></span>n </span></div>\n<div class=\"t m0 x26 h4f y1f10 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">September/Octo<span class=\"_ _2\"></span>ber 2007, the an<span class=\"_ _2\"></span>nouncement of the s<span class=\"_ _2\"></span>olvency plan in <span class=\"_ _2\"></span>June 2008, the<span class=\"_ _2\"></span> divestment of</div>\n<div class=\"t m0 x26 h4f y1f11 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">banking act<span class=\"_ _2b\"></span>ivities and Dutc<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>ins<span class=\"_ _0\"></span>urance act<span class=\"_ _0\"></span>ivitie<span class=\"_ _0\"></span>s in Septemb<span class=\"_ _2b\"></span>er/October 2008<span class=\"_ _0\"></span>), Ageas h<span class=\"_ _0\"></span>as becom<span class=\"_ _0\"></span><span class=\"wsef\">e </span></div>\n<div class=\"t m0 x26 h4f y1f12 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">involv<span class=\"_ _0\"></span>ed in legal proc<span class=\"_ _2b\"></span>eedings. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f13 ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f14 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 14 March 2<span class=\"_ _0\"></span>016 Ageas e<span class=\"_ _0\"></span>ntered int<span class=\"_ _2b\"></span>o a EUR<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">1<span class=\"_ _2\"></span>.2</span> </span><span class=\"wsfa\">billion s<span class=\"_ _2b\"></span>ettlement agr<span class=\"_ _0\"></span>eement w<span class=\"_ _2b\"></span>ith several cl<span class=\"_ _0\"></span>aimant </span></div>\n<div class=\"t m0 x26 h4f y1f15 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">organis<span class=\"_ _0\"></span>ations th<span class=\"_ _2b\"></span>at represent a seri<span class=\"_ _0\"></span>es of share<span class=\"_ _0\"></span>holders i<span class=\"_ _0\"></span>n collecti<span class=\"_ _2b\"></span>ve claims before th<span class=\"_ _2b\"></span>e Belgian and</div>\n<div class=\"t m0 x26 h4f y1f16 ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Dutch co<span class=\"_ _2b\"></span>urts. On 23 May <span class=\"_ _0\"></span>2016 th<span class=\"_ _0\"></span>e parties t<span class=\"_ _2b\"></span>o the settlem<span class=\"_ _0\"></span>ent, i.e.<span class=\"_ _0\"></span> Ageas, <span class=\"_ _2b\"></span>Deminor, Stic<span class=\"_ _0\"></span>hting</div>\n<div class=\"t m0 x26 h4f y1f17 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">FortisEf<span class=\"_ _0\"></span>fect, St<span class=\"_ _0\"></span>ichting Inv<span class=\"_ _2b\"></span>estor Claims Aga<span class=\"_ _2b\"></span>inst Fortis, VEB an<span class=\"_ _0\"></span>d Stichti<span class=\"_ _0\"></span>ng FORset<span class=\"_ _0\"></span>tleme<span class=\"_ _0\"></span>nt request<span class=\"_ _0\"></span>ed</div>\n<div class=\"t m0 x26 h4f y1f18 ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the Amst<span class=\"_ _2b\"></span>erdam Court of <span class=\"_ _0\"></span>Appea<span class=\"_ _0\"></span>l to decla<span class=\"_ _2b\"></span>re the settlem<span class=\"_ _0\"></span>ent bin<span class=\"_ _0\"></span>ding for <span class=\"_ _2b\"></span>all eligible F<span class=\"_ _2b\"></span>ortis share<span class=\"wsef\">hol<span class=\"_ _2b\"></span>ders </span></div>\n<div class=\"t m0 x26 h4f y1f19 ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">who woul<span class=\"_ _0\"></span>d not opt<span class=\"_ _0\"></span> out bef<span class=\"_ _2b\"></span>ore the expiry <span class=\"_ _0\"></span>of a giv<span class=\"_ _0\"></span>en perio<span class=\"_ _2b\"></span>d, in accordanc<span class=\"_ _2b\"></span>e with the Dutc<span class=\"_ _0\"></span>h Act on</div>\n<div class=\"t m0 x26 h4f y1f1a ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Collect<span class=\"_ _0\"></span>ive Settl<span class=\"_ _2b\"></span>ement of Mass Claims<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>(Wet Co<span class=\"_ _2b\"></span>llectieve Afwik<span class=\"_ _2b\"></span>keling Massasc<span class=\"_ _0\"></span>hade). Ag<span class=\"_ _0\"></span>eas also</div>\n<div class=\"t m0 x26 h4f y1f1b ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reache<span class=\"_ _0\"></span>d an agreem<span class=\"_ _0\"></span>ent with Mr A<span class=\"_ _0\"></span>rnauts an<span class=\"_ _0\"></span>d Mr Lensse<span class=\"_ _0\"></span>ns, two att<span class=\"_ _0\"></span>o<span class=\"lse2 wsfa\">rneys who l<span class=\"_ _2\"></span>aunched legal action<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x26 h4f y1f1c ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">against Agea<span class=\"_ _2\"></span>s on behalf of a<span class=\"_ _2\"></span> number of clai<span class=\"_ _2\"></span>mants, and in 2017<span class=\"_ _2\"></span> with the Luxem<span class=\"_ _2\"></span>bourg based</div>\n<div class=\"t m0 x26 h4f y1f1d ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">company<span class=\"_ _0\"></span> Archa<span class=\"_ _0\"></span>nd s.\u00e0.<span class=\"_ _0\"></span>r.l. and af<span class=\"_ _0\"></span>filiat<span class=\"_ _0\"></span>ed pers<span class=\"_ _0\"></span>ons, to s<span class=\"_ _2b\"></span>upport the sett<span class=\"_ _2b\"></span>lement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f1e ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f1f ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 16 June 2017, the<span class=\"_ _2\"></span> court took the interim de<span class=\"_ _2\"></span>cision not to<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">declare t<span class=\"_ _0\"></span>he settl<span class=\"_ _2b\"></span>ement binding i<span class=\"_ _2b\"></span>n its </span></span></div>\n<div class=\"t m0 x26 h4f y1f20 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initial f<span class=\"_ _2\"></span>ormat. As per 16<span class=\"_ _2\"></span> October 2017, Agea<span class=\"_ _2\"></span>s decided to make<span class=\"_ _2\"></span> a final additional<span class=\"_ _2\"></span> effort of EUR 1<span class=\"_ _2\"></span>00</div>\n<div class=\"t m0 x26 h4f y1f21 ff3c3 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">million.<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f22 ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f23 ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Per 12 December 2017<span class=\"_ _2\"></span>, the parties submitted<span class=\"_ _2\"></span> an amended and restated settleme<span class=\"_ _2\"></span>nt agreement to the</div>\n<div class=\"t m0 x26 h4f y1f24 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">court. Con<span class=\"_ _2b\"></span>s<span class=\"lse2 ws103\">umen<span class=\"_ _2\"></span>tenclaim, an opponent of the<span class=\"_ _2\"></span> settlement in its initial<span class=\"_ _2\"></span> 2016 format, agreed to suppor<span class=\"_ _2\"></span>t </span></div>\n<div class=\"t m0 x26 h4f y1f25 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the 2017<span class=\"_ _2\"></span> settlement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f26 ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f27 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 13 July 201<span class=\"_ _2b\"></span>8 <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e Amsterda<span class=\"_ _2b\"></span>m Appeal Court decl<span class=\"_ _2b\"></span>ared the settleme<span class=\"_ _0\"></span>nt binding o<span class=\"_ _2b\"></span>n Eligible</div>\n<div class=\"t m0 x26 h4f y1f28 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Shareholders<span class=\"_ _2\"></span> (i.e. persons who<span class=\"_ _2\"></span> held Fortis share<span class=\"_ _2\"></span>s at any <span class=\"lse0 wsf0\">time between c<span class=\"_ _0\"></span>lose of bus<span class=\"_ _0\"></span>iness on 28 </span></div>\n<div class=\"t m0 x26 h4f y1f29 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Februa<span class=\"_ _0\"></span>ry 2007 and<span class=\"_ _0\"></span> close of busi<span class=\"_ _0\"></span>ness on 14 Oct<span class=\"_ _0\"></span>ober 2008).<span class=\"_ _0\"></span> Ageas wa<span class=\"_ _0\"></span>ived its te<span class=\"_ _0\"></span>rminati<span class=\"_ _2b\"></span>on right on 21</div>\n<div class=\"t m0 x26 h4f y1f2a ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">December 2018<span class=\"_ _2\"></span>, effectively making<span class=\"_ _2\"></span> the settlement <span class=\"_ _2\"></span>final.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f2b ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f2c ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t Eligible Shareholders were<span class=\"_ _2\"></span> entitled to compensat<span class=\"lse0 wsfa\">ion for the ev<span class=\"_ _2b\"></span>ents of 2007<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">2008, </span></span></span></div>\n<div class=\"t m0 x26 h4f y1f2d ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subject t<span class=\"_ _2b\"></span>o a full relea<span class=\"_ _0\"></span>se of lia<span class=\"_ _2b\"></span>bility with res<span class=\"_ _2b\"></span>pect to these ev<span class=\"_ _2b\"></span>ents, and in acc<span class=\"_ _2b\"></span>ordance with t<span class=\"_ _0\"></span>he (othe<span class=\"_ _0\"></span>r)</div>\n<div class=\"t m0 x26 h4f y1f2e ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">terms of the sett<span class=\"_ _2\"></span>lement agreement. It further<span class=\"_ _2\"></span> means that Eligible Shareholde<span class=\"_ _2\"></span>rs who did not timely opt</div>\n<div class=\"t m0 x26 h4f y1f2f ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">out (i.e.<span class=\"_ _2b\"></span> at the <span class=\"lse2 ws103\">latest on 31 Decemb<span class=\"_ _2\"></span>er 2018), regardless of whet<span class=\"_ _2\"></span>her or not they timely filed a c<span class=\"_ _2\"></span>laim </span></div>\n<div class=\"t m0 x26 h4f y1f30 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">form, wer<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>by op<span class=\"_ _0\"></span>eration of<span class=\"_ _0\"></span> law, deem<span class=\"_ _2b\"></span>ed to have granted<span class=\"_ _0\"></span> such releas<span class=\"_ _0\"></span>e of liabilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d to have waiv<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x26 h4f y1f31 ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">any rights in con<span class=\"_ _2\"></span>nection with the events.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 270px; height: 691px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 270px; height: 691px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 270px; height: 691px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 270px; height: 691px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The claims <span class=\"_ _2\"></span>filing period star<span class=\"_ _2\"></span>ted on 27 July <span class=\"_ _2\"></span>2018 and ended on<span class=\"_ _2\"></span> 28 July</div>\n<div class=\"t m0 x7 h4f y803 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2019. As at 31 D<span class=\"_ _2b\"></span>ecember 2022, an a<span class=\"_ _0\"></span>mount of EUR<span class=\"_ _0\"></span> 1,309 mil<span class=\"_ _0\"></span>lion had</div>\n<div class=\"t m0 x7 h4f y804 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">already b<span class=\"_ _0\"></span>een paid out<span class=\"_ _0\"></span> to Eligib<span class=\"_ _0\"></span>le Shareho<span class=\"_ _0\"></span>lders and a re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g</div>\n<div class=\"t m0 x7 h4f y805 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provisi<span class=\"_ _0\"></span>on of EUR<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">1.3 million had been recogn<span class=\"_ _2\"></span>ised for the settlement </span></span></div>\n<div class=\"t m0 x7 h4f y806 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(see note 25 P<span class=\"_ _2b\"></span>rovisions).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 23 June 2022 Agea<span class=\"_ _2\"></span>s announced that, except for<span class=\"_ _2\"></span> a limited number of</div>\n<div class=\"t m0 x7 h4f y809 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unresol<span class=\"_ _0\"></span>ved clai<span class=\"_ _2b\"></span>ms, the settl<span class=\"_ _0\"></span>ement wo<span class=\"_ _0\"></span>uld be cl<span class=\"_ _0\"></span>osed. F<span class=\"_ _0\"></span>inal pay<span class=\"_ _2b\"></span>ments</div>\n<div class=\"t m0 x7 h4f y80a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ed at the end of Au<span class=\"_ _0\"></span>gust 2022.<span class=\"_ _0\"></span> The po<span class=\"wsfa\">tent<span class=\"_ _0\"></span>ial cost<span class=\"_ _2b\"></span>s that Ageas <span class=\"_ _0\"></span>has </span></div>\n<div class=\"t m0 x7 h4f y80b ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">agreed to b<span class=\"_ _0\"></span>ear for the rem<span class=\"_ _0\"></span>aining u<span class=\"_ _0\"></span>nresolve<span class=\"_ _0\"></span>d claims ha<span class=\"_ _0\"></span>ve been prov<span class=\"_ _2b\"></span>ided</div>\n<div class=\"t m0 x7 h4f y80c ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for in the pro<span class=\"_ _0\"></span>vision ref<span class=\"_ _0\"></span>erred to ab<span class=\"_ _0\"></span>ove.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1f37 ff3cc fs46 fc10 sc0 ls0 ws0\" style=\"z-index: 15;\">R<span class=\"ls10e ws131\">esidual <span class=\"_ _2\"></span>proceedings</span> </div>\n<div class=\"t m0 x7 h4f y1355 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Now that the sett<span class=\"_ _2\"></span>lement has become final, the par<span class=\"_ _2\"></span>ties who supported the</div>\n<div class=\"t m0 x7 h4f y1356 ff3ca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">settlem<span class=\"_ _2b\"></span>ent <span class=\"lse2 wsfa\">c<span class=\"_ _2\"></span>ommitted to termina<span class=\"_ _2\"></span>te their legal pro<span class=\"_ _2\"></span>ceedings.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1357 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1358 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The parti<span class=\"_ _0\"></span>es who time<span class=\"_ _0\"></span>ly submitt<span class=\"_ _2b\"></span>ed an opt<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">out notice m<span class=\"_ _2b\"></span>ay resume their </span></div>\n<div class=\"t m0 x7 h4f y1359 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">legal pro<span class=\"_ _0\"></span>ceedin<span class=\"_ _0\"></span>gs in the Neth<span class=\"_ _2b\"></span>erlands or, as the cas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ma<span class=\"_ _0\"></span>y be, resume o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x7 h4f y135a ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ue their <span class=\"_ _0\"></span>legal proc<span class=\"_ _2b\"></span>eedings in B<span class=\"_ _0\"></span>elgium.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y135b ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y135c ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the sec<span class=\"_ _2b\"></span>tions below <span class=\"lse2 ws103\">we give a comprehensive update of all<span class=\"_ _2\"></span> residual </span></div>\n<div class=\"t m0 x7 h4f y135d ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings whi<span class=\"_ _2\"></span>ch were either terminated<span class=\"_ _2\"></span> in 2022, or not terminated b<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h4f y135e ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">31 Decemb<span class=\"_ _2b\"></span>er 2022. These const<span class=\"_ _0\"></span>itute co<span class=\"_ _0\"></span>ntingent<span class=\"_ _0\"></span> liabilit<span class=\"_ _2b\"></span>ies without</div>\n<div class=\"t m0 x7 h4f y135f ff3ca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provisi<span class=\"_ _0\"></span>ons.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1f38 ff3ca fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.1<span class=\"ls0 ws0\"> <span class=\"_ _13c\"> </span><span class=\"lse0 wsf0\">In the Netherla<span class=\"_ _2b\"></span>nds <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 y1f39 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.1.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Cebu<span class=\"_ _2\"></span>lon</span> </span></div>\n<div class=\"t m0 x7 h4f y1f3a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 14 July 202<span class=\"_ _2b\"></span>0, Dutch investme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>com<span class=\"_ _2b\"></span>pany Cebulon init<span class=\"_ _2b\"></span>iated legal</div>\n<div class=\"t m0 x7 h4f y1f3b ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings aga<span class=\"_ _2\"></span>inst Ageas and some co<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">de<span class=\"_ _2\"></span>fendants regarding<span class=\"_ _2\"></span> alleged </span></div>\n<div class=\"t m0 x7 h4f y1f3c ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">misleading commun<span class=\"_ _2\"></span>ication in 2007<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">2008. In its cap<span class=\"_ _0\"></span>acity of for<span class=\"_ _2b\"></span>mer Fortis </span></span></div>\n<div class=\"t m0 x7 h4f y1f3d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>older, Ceb<span class=\"_ _2b\"></span>ulon claims a compe<span class=\"_ _0\"></span>nsatio<span class=\"_ _0\"></span>n for the <span class=\"lse2 ws103\">allegedly suffered<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1f3e ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">damages.<span class=\"_ _0\"></span> The fo<span class=\"_ _0\"></span>rum is th<span class=\"_ _0\"></span>e Utrec<span class=\"_ _0\"></span>ht court <span class=\"_ _0\"></span>of first<span class=\"_ _0\"></span> insta<span class=\"_ _0\"></span>nce. An</div>\n<div class=\"t m0 x7 h4f y1f3f ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">introduc<span class=\"_ _0\"></span>tory hea<span class=\"_ _2b\"></span>ring took place on 9 Sept<span class=\"_ _2b\"></span>ember 2020 in Utrec<span class=\"_ _2b\"></span>ht. The</div>\n<div class=\"t m0 x7 h4f y1f40 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">parties are<span class=\"_ _2\"></span> now exchanging wri<span class=\"_ _2\"></span>tten submissions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y1f41 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.1.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsfa\">Du<span class=\"_ _2\"></span>tch individual inves<span class=\"_ _2\"></span>tor</span> </span></div>\n<div class=\"t m0 x7 h4f y1f42 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 29 Ja<span class=\"_ _0\"></span>nuary 2<span class=\"_ _0\"></span>021, a Dut<span class=\"_ _0\"></span>c<span class=\"lse2\">h individual in<span class=\"_ _2\"></span>vestor initiated l<span class=\"_ _2\"></span>egal </span></div>\n<div class=\"t m0 x7 h4f y1f43 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings aga<span class=\"_ _2\"></span>inst Ageas. He claimed a com<span class=\"_ _2\"></span>pensation for the</div>\n<div class=\"t m0 x7 h4f y1f44 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">damages <span class=\"_ _0\"></span>he alle<span class=\"_ _0\"></span>gedly suf<span class=\"_ _2b\"></span>fered pursua<span class=\"_ _0\"></span>nt to the F<span class=\"_ _2b\"></span>ortis crisis<span class=\"_ _0\"></span> in 2007<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1f45 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">2008. The forum i<span class=\"_ _2\"></span>s the Utrecht court of first in<span class=\"_ _2\"></span>stance. An introductory</div>\n<div class=\"t m0 x7 h4f y1f46 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hearin<span class=\"_ _0\"></span>g was held <span class=\"wsfa\">on 1<span class=\"_ _0\"></span>0 March <span class=\"_ _0\"></span>2021. Th<span class=\"_ _2b\"></span>e parties agree<span class=\"_ _2b\"></span>d to terminat<span class=\"_ _0\"></span>e the </span></div>\n<div class=\"t m0 x7 h4f y1f47 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings in<span class=\"_ _2\"></span> June 2022.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1f48 ff3ca fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2<span class=\"ls0 ws0\"> <span class=\"_ _13c\"> </span><span class=\"lse0 wsf0\">In Belgium</span> </span></div>\n<div class=\"t m0 x7 h55 y1f49 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Modr<span class=\"_ _2\"></span>ikamen</span> </span></div>\n<div class=\"t m0 x7 h4f y1f4a ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 28 January 2009<span class=\"_ _2\"></span>, a series of shareholders<span class=\"_ _2\"></span> represented by Mr</div>\n<div class=\"t m0 x7 h4f y1f4b ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Modrikamen br<span class=\"_ _2\"></span>ought an action be<span class=\"_ _2\"></span>fore the Brussels<span class=\"_ _2\"></span> Commercial Court</div>\n<div class=\"t m0 x7 h4f y1f4c ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initially<span class=\"_ _2\"></span> reque<span class=\"lse0\">sting <span class=\"_ _0\"></span>the annu<span class=\"_ _2b\"></span>lment of the sa<span class=\"_ _0\"></span>le of AS<span class=\"_ _0\"></span>R to the <span class=\"_ _0\"></span>Dutch <span class=\"_ _0\"></span>State </span></div>\n<div class=\"t m0 x7 h4f y1f4d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and the sal<span class=\"_ _0\"></span>e of Fortis Ba<span class=\"_ _2b\"></span>nk <span class=\"_ _2\"></span>to SF<span class=\"_ _2b\"></span>PI (and subseque<span class=\"_ _0\"></span>ntly to BN<span class=\"_ _0\"></span>P Paribas<span class=\"_ _0\"></span>),</div>\n<div class=\"t m0 x1a h4f y1f4e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or alternat<span class=\"_ _2\"></span>ively damages. On <span class=\"_ _2\"></span>8 December 2009, <span class=\"_ _2\"></span>the Court inter<span class=\"_ _2\"></span> alia</div>\n<div class=\"t m0 x1a h4f y1f4f ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">decided t<span class=\"_ _2b\"></span>hat it was not c<span class=\"_ _0\"></span>ompete<span class=\"_ _2b\"></span>nt to judge on act<span class=\"_ _2b\"></span>ions against t<span class=\"_ _0\"></span>he Dutc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x1a h4f y1f50 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">defendants.<span class=\"_ _2\"></span> On 17 January 2013<span class=\"_ _2\"></span>, the Brussels Cour<span class=\"_ _2\"></span>t of Appeal</div>\n<div class=\"t m0 x1a h4f y1f51 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">confirmed thi<span class=\"_ _2\"></span>s judgment in this respect. In<span class=\"_ _2\"></span> July 2014, Mr Modrikamen</div>\n<div class=\"t m0 x1a h4f y1f52 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">filed an ap<span class=\"_ _2\"></span>peal before the S<span class=\"_ _2\"></span>upreme Court on <span class=\"_ _2\"></span>this issue. On 23<span class=\"_ _2\"></span> October</div>\n<div class=\"t m0 x1a h4f y1f53 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">2015 the<span class=\"_ _2\"></span> Supreme Court rejec<span class=\"_ _2\"></span>ted this appeal.<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Mr Mod<span class=\"_ _0\"></span>rikame<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>cont<span class=\"_ _2b\"></span>inued </span></span></div>\n<div class=\"t m0 x1a h4f y1f54 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the proc<span class=\"_ _2b\"></span>eedings befor<span class=\"_ _0\"></span>e the com<span class=\"_ _2b\"></span>mercial court<span class=\"_ _0\"></span> regardi<span class=\"_ _2b\"></span>ng the sale of F<span class=\"_ _2b\"></span>ortis</div>\n<div class=\"t m0 x1a h4f y1f55 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Bank, ai<span class=\"_ _0\"></span>ming at t<span class=\"_ _2b\"></span>he payment of <span class=\"_ _0\"></span>a compe<span class=\"_ _0\"></span>nsation b<span class=\"_ _2b\"></span>y BNP Paribas t<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x1a h4f y1f56 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas, as w<span class=\"_ _2b\"></span>ell as by Ageas to the cla<span class=\"_ _0\"></span>imants. I<span class=\"_ _0\"></span>n an interim ju<span class=\"_ _2b\"></span>dgment of 4</div>\n<div class=\"t m0 x1a h4f y1f57 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">November 2014, the<span class=\"_ _2\"></span> co<span class=\"lse0 wsf0\">urt d<span class=\"_ _0\"></span>eclared a<span class=\"_ _0\"></span>bout 50% of th<span class=\"_ _0\"></span>e origin<span class=\"_ _0\"></span>al claimant<span class=\"_ _2b\"></span>s </span></div>\n<div class=\"t m0 x1a h4f y1f58 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not admis<span class=\"_ _2b\"></span>sible. On 29 A<span class=\"_ _0\"></span>pril 20<span class=\"_ _0\"></span>16 the B<span class=\"_ _0\"></span>russels <span class=\"_ _0\"></span>Commerc<span class=\"_ _2b\"></span>ial Court</div>\n<div class=\"t m0 x1a h4f y1f59 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">decided t<span class=\"_ _2b\"></span>o suspend the <span class=\"_ _0\"></span>procee<span class=\"_ _0\"></span>dings aw<span class=\"_ _2b\"></span>aiting the out<span class=\"_ _0\"></span>come of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y1f5a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">crimina<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>proc<span class=\"_ _2b\"></span>edure. The proceed<span class=\"_ _2b\"></span>ings are now reacti<span class=\"_ _0\"></span>vated an<span class=\"_ _0\"></span>d the</div>\n<div class=\"t m0 x1a h4f y1f5b ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">parties<span class=\"_ _0\"></span> are excha<span class=\"wsfa\">n<span class=\"_ _0\"></span>ging writ<span class=\"_ _0\"></span>ten su<span class=\"_ _0\"></span>bmissi<span class=\"_ _0\"></span>ons. Not<span class=\"_ _2b\"></span>hing is claime<span class=\"_ _2b\"></span>d anymore </span></div>\n<div class=\"t m0 x1a h4f y1f5c ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">from Age<span class=\"_ _0\"></span>as in th<span class=\"_ _0\"></span>ese proc<span class=\"_ _0\"></span>eedings<span class=\"_ _0\"></span>. On 7 J<span class=\"_ _0\"></span>une 2020,<span class=\"_ _0\"></span> Ageas e<span class=\"_ _2b\"></span>ntered into a</div>\n<div class=\"t m0 x1a h4f y1f5d ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">settlem<span class=\"_ _2b\"></span>ent agreement w<span class=\"_ _2b\"></span>ith Mr Modrikam<span class=\"_ _2b\"></span>en and his cli<span class=\"_ _0\"></span>ents who t<span class=\"_ _0\"></span>imely</div>\n<div class=\"t m0 x1a h4f y1f5e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">filed an op<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">-</span><span class=\"lse0\">out not<span class=\"_ _0\"></span>ice, purs<span class=\"_ _2b\"></span>uant to which t<span class=\"_ _2b\"></span>hese persons n<span class=\"_ _0\"></span>o longe<span class=\"_ _0\"></span><span class=\"wsef\">r </span></span></div>\n<div class=\"t m0 x1a h4f y1f5f ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ue these pro<span class=\"_ _0\"></span>ceeding<span class=\"_ _0\"></span>s against A<span class=\"_ _2b\"></span>geas SA/NV.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y1f60 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2.2 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Demino<span class=\"_ _2\"></span>r</span> </span></div>\n<div class=\"t m0 x1a h4f y1f61 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 13 January 2010<span class=\"_ _2\"></span>, a series of shareholders<span class=\"_ _2\"></span> associated with Deminor</div>\n<div class=\"t m0 x1a h4f y1f62 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">International<span class=\"_ _2\"></span> (currently named D<span class=\"_ _2\"></span>RS Belgium) brought a<span class=\"_ _2\"></span>n action before<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1f63 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Brussels Commer<span class=\"_ _2\"></span>cial Court, seeking damages<span class=\"_ _2\"></span> based <span class=\"wsfa\">on alleged </span></div>\n<div class=\"t m0 x1a h4f y1f64 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lack of/o<span class=\"_ _0\"></span>r mislead<span class=\"_ _0\"></span>ing infor<span class=\"_ _2b\"></span>mation by Fortis du<span class=\"_ _0\"></span>ring the per<span class=\"_ _0\"></span>iod from Mar<span class=\"_ _2b\"></span>ch</div>\n<div class=\"t m0 x1a h4f y1f65 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2007 to Oct<span class=\"_ _0\"></span>ober 2008.<span class=\"_ _0\"></span> On 28 April<span class=\"_ _0\"></span> 2014, the cou<span class=\"_ _0\"></span>rt declare<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>in an int<span class=\"_ _2b\"></span>erim</div>\n<div class=\"t m0 x1a h4f y1f66 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgme<span class=\"_ _0\"></span>nt about 2<span class=\"_ _2b\"></span>5% of the claim<span class=\"_ _2b\"></span>ants not admis<span class=\"_ _0\"></span>sible. T<span class=\"_ _0\"></span>he parti<span class=\"_ _2b\"></span>es are in</div>\n<div class=\"t m0 x1a h4f y1f67 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the cours<span class=\"_ _0\"></span>e of terminat<span class=\"_ _2b\"></span>ing these proce<span class=\"_ _0\"></span>edings.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y1f68 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2.3 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse0 wsf0\">Other claims on b<span class=\"_ _0\"></span>ehalf of in<span class=\"_ _0\"></span>dividua<span class=\"_ _0\"></span>l shareh<span class=\"_ _0\"></span>olders<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y1f69 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 12 Sept<span class=\"_ _2\"></span>ember 2012, Patripar<span class=\"_ _2\"></span>t, a (former) <span class=\"_ _2\"></span>Fortis shareholder,<span class=\"_ _2\"></span> and its</div>\n<div class=\"t m0 x1a h4f y1f6a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">parent c<span class=\"_ _0\"></span>ompany Patr<span class=\"_ _2b\"></span>invest, brought an ac<span class=\"_ _0\"></span>tion bef<span class=\"_ _2b\"></span>ore the Brussels</div>\n<div class=\"t m0 x1a h4f y1f6b ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Commercial <span class=\"_ _2\"></span>Court, seeking dama<span class=\"_ _2\"></span>ges based on al<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">le<span class=\"_ _0\"></span>ged lack of or </span></div>\n<div class=\"t m0 x1a h4f y1f6c ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">mislead<span class=\"_ _2b\"></span>ing information in t<span class=\"_ _0\"></span>he conte<span class=\"_ _0\"></span>xt of the 2007 ri<span class=\"_ _2b\"></span>ghts issue. On 1</div>\n<div class=\"t m0 x1a h4f y1f6d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Februa<span class=\"_ _0\"></span>ry 2016 the co<span class=\"_ _0\"></span>urt fully rej<span class=\"_ _2b\"></span>ected the claim. O<span class=\"_ _0\"></span>n 16 March 20<span class=\"_ _0\"></span>16,</div>\n<div class=\"t m0 x1a h4f y1f6e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Patrinvest <span class=\"_ _2\"></span>filed an appeal be<span class=\"_ _2\"></span>fore the Brussel<span class=\"_ _2\"></span>s Appeal Court. T<span class=\"_ _2\"></span>he parties</div>\n<div class=\"t m0 x1a h4f y1f6f ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are exchangi<span class=\"_ _2\"></span>ng their last wr<span class=\"_ _2\"></span>i<span class=\"lse0 wsf0\">tte<span class=\"_ _0\"></span>n submiss<span class=\"_ _0\"></span>ions and ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>await<span class=\"_ _2b\"></span>ing a </span></div>\n<div class=\"t m0 x1a h4f y1f70 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">pleadi<span class=\"_ _0\"></span>ng date a<span class=\"_ _0\"></span>nd the co<span class=\"_ _0\"></span>urt\u2019s d<span class=\"_ _0\"></span>ecision<span class=\"_ _2b\"></span>, for which no d<span class=\"_ _0\"></span>ate has y<span class=\"_ _2b\"></span>et been</div>\n<div class=\"t m0 x1a h4f y1f71 ff3ca fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">set.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1f72 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f73 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 29 Apri<span class=\"_ _2\"></span>l 2013, a serie<span class=\"_ _2\"></span>s of shareholder<span class=\"_ _2\"></span>s represented by M<span class=\"_ _2\"></span>r Arnauts</div>\n<div class=\"t m0 x1a h4f y1f74 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">brought an<span class=\"_ _2\"></span> action before the<span class=\"_ _2\"></span> Brussels Commercial<span class=\"_ _2\"></span> Court, seeking</div>\n<div class=\"t m0 x1a h4f y1f75 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">damages ba<span class=\"ws103\">sed<span class=\"_ _2\"></span> on alleged incomplete or mi<span class=\"_ _2\"></span>sleading information by </span></div>\n<div class=\"t m0 x1a h4f y1f76 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Fortis i<span class=\"_ _0\"></span>n 2007 an<span class=\"_ _2b\"></span>d 2008; this act<span class=\"_ _2b\"></span>ion was suspen<span class=\"_ _2b\"></span>ded awaiting t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y1f77 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outcom<span class=\"_ _0\"></span>e of the c<span class=\"_ _0\"></span>riminal <span class=\"_ _0\"></span>procee<span class=\"_ _0\"></span>dings. T<span class=\"_ _0\"></span>he part<span class=\"_ _0\"></span>ies are i<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>urse of</div>\n<div class=\"t m0 x1a h4f y1f78 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">terminating <span class=\"_ _2\"></span>these proceedings.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1f79 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f7a ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 19 Sep<span class=\"_ _0\"></span>tember <span class=\"_ _2b\"></span>2013, certain (f<span class=\"_ _2b\"></span>orm<span class=\"lse2 ws103\">er) Fortis<span class=\"_ _2\"></span> shareholders </span></div>\n<div class=\"t m0 x1a h4f y1f7b ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">represe<span class=\"_ _0\"></span>nted by M<span class=\"_ _2b\"></span>r Lenssens init<span class=\"_ _2b\"></span>iated a simil<span class=\"_ _0\"></span>ar actio<span class=\"_ _2b\"></span>n before the</div>\n<div class=\"t m0 x1a h4f y1f7c ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Brussels Civil Cou<span class=\"_ _2\"></span>rt; this action was susp<span class=\"_ _2\"></span>ended awaiting the outcome of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1f7d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the crimi<span class=\"_ _0\"></span>nal proce<span class=\"_ _0\"></span>edings.<span class=\"_ _0\"></span> The parties<span class=\"_ _2b\"></span> are in the course of ter<span class=\"_ _0\"></span>minatin<span class=\"_ _2b\"></span>g</div>\n<div class=\"t m0 x1a h4f y1f7e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">these proce<span class=\"_ _2\"></span>edings.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 267px; height: 839px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 267px; height: 839px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 267px; height: 839px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 267px; height: 839px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff3d3 fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.3<span class=\"ls0 ws0\"> <span class=\"_ _13c\"> </span><span class=\"lse2 wsfa\">Hold <span class=\"_ _2\"></span>harmless undertakin<span class=\"_ _2\"></span>gs</span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In 2008,<span class=\"_ _0\"></span> Fortis <span class=\"_ _0\"></span>granted c<span class=\"_ _0\"></span>ertain f<span class=\"_ _2b\"></span>ormer executiv<span class=\"_ _2b\"></span>es and direct<span class=\"_ _2b\"></span>ors, at the</div>\n<div class=\"t m0 x7 h4f y804 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">time of the<span class=\"_ _0\"></span>ir depart<span class=\"_ _0\"></span>ure, a contr<span class=\"_ _0\"></span>actual ho<span class=\"_ _0\"></span>ld harml<span class=\"_ _0\"></span>ess protect<span class=\"_ _2b\"></span>ion covering</div>\n<div class=\"t m0 x7 h4f y805 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">legal ex<span class=\"_ _0\"></span>penses a<span class=\"_ _2b\"></span>nd, in certai<span class=\"_ _0\"></span>n cases,<span class=\"_ _0\"></span> also <span class=\"lse2 ws103\">the financial consequence<span class=\"_ _2\"></span>s of </span></div>\n<div class=\"t m0 x7 h4f y806 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">any judicial<span class=\"_ _2\"></span> decisions, in the event that lega<span class=\"_ _2\"></span>l proceedings were brough<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x7 h4f y807 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">against<span class=\"_ _0\"></span> them on t<span class=\"_ _2b\"></span>he basis of the<span class=\"_ _0\"></span>ir mand<span class=\"_ _0\"></span>ates ex<span class=\"_ _0\"></span>ercised <span class=\"_ _0\"></span>within t<span class=\"_ _2b\"></span>he Fortis</div>\n<div class=\"t m0 x7 h4f y808 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">group. Ageas con<span class=\"_ _2\"></span>tests the validity of the con<span class=\"_ _2\"></span>tractual hold harmless</div>\n<div class=\"t m0 x7 h4f y809 ff3d3 fs3a fc14 sc0 lsfa ws11e\" style=\"z-index: 15;\">commitmen<span class=\"_ _2\"></span>ts t<span class=\"lse0 wsfa\">o the exte<span class=\"_ _2b\"></span>nt they relate<span class=\"_ _0\"></span> to the fi<span class=\"_ _2b\"></span>nancial conseq<span class=\"_ _0\"></span>uences <span class=\"_ _2b\"></span>of </span></div>\n<div class=\"t m0 x7 h4f y80a ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any judic<span class=\"_ _0\"></span>ial decisi<span class=\"_ _2b\"></span>ons.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Furtherm<span class=\"_ _2b\"></span>ore, and as st<span class=\"_ _0\"></span>andard m<span class=\"_ _2b\"></span>arket practic<span class=\"_ _0\"></span>e in this k<span class=\"_ _2b\"></span>ind of operati<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x7 h4f y80d ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas e<span class=\"_ _0\"></span>ntered i<span class=\"_ _0\"></span>nto agr<span class=\"_ _0\"></span>eements<span class=\"_ _0\"></span> with c<span class=\"_ _0\"></span>ertain f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al insti<span class=\"_ _0\"></span>tutions<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y80e ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">facilitat<span class=\"_ _2b\"></span>ing the placing of F<span class=\"_ _0\"></span>ortis<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">shar<span class=\"_ _2b\"></span>es in the contex<span class=\"_ _2b\"></span>t of the capital<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y80f ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>es of 2007 and 2008. Th<span class=\"_ _0\"></span>ese agre<span class=\"_ _0\"></span>ements co<span class=\"_ _0\"></span>ntain ind<span class=\"_ _2b\"></span>emnification</div>\n<div class=\"t m0 x7 h4f y810 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">clauses t<span class=\"_ _2b\"></span>hat imply hol<span class=\"_ _2b\"></span>d harmless obl<span class=\"_ _0\"></span>igation<span class=\"_ _0\"></span>s for Age<span class=\"_ _2b\"></span>as subject to c<span class=\"_ _0\"></span>ertain</div>\n<div class=\"t m0 x7 h4f y90a ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">terms and co<span class=\"_ _2b\"></span>nditions. Som<span class=\"_ _0\"></span>e of these fina<span class=\"_ _2b\"></span>ncial instituti<span class=\"_ _0\"></span>ons are inv<span class=\"_ _2b\"></span>olved in</div>\n<div class=\"t m0 x7 h4f y90b ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">certain leg<span class=\"_ _2\"></span>al proceedings men<span class=\"_ _2\"></span>tioned in this chap<span class=\"_ _2\"></span>ter.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90c ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90d ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the cont<span class=\"_ _0\"></span>ext of a sett<span class=\"_ _0\"></span>lement wit<span class=\"_ _0\"></span>h the unde<span class=\"_ _2b\"></span>rwriters of D&amp;O liab<span class=\"_ _0\"></span>ility</div>\n<div class=\"t m0 x7 h4f y90e ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">insurance and Publ<span class=\"_ _2\"></span>ic Offering of Securities<span class=\"_ _2\"></span> Insurance policies relating<span class=\"_ _2\"></span> to</div>\n<div class=\"t m0 x7 h4f y90f ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the eve<span class=\"_ _0\"></span>nts and d<span class=\"_ _0\"></span>evelopm<span class=\"_ _0\"></span>ents su<span class=\"_ _2b\"></span>rrounding the f<span class=\"_ _0\"></span>ormer F<span class=\"_ _0\"></span>ortis<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">Group in </span></span></div>\n<div class=\"t m0 x7 h4f y910 ff3d3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2007 <span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">2008, A<span class=\"_ _2b\"></span>geas grante<span class=\"_ _0\"></span>d a hold h<span class=\"_ _0\"></span>armless<span class=\"_ _0\"></span> undert<span class=\"_ _0\"></span>aking i<span class=\"_ _0\"></span>n favour <span class=\"_ _2b\"></span>of </span></span></div>\n<div class=\"t m0 x7 h4f y911 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the insurers fo<span class=\"_ _2\"></span>r the aggregate amount of cove<span class=\"_ _2\"></span>rage under the policies</div>\n<div class=\"t m0 x7 h4f y912 ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">concerned. <span class=\"_ _2\"></span>In addition, Agea<span class=\"_ _2\"></span>s granted certain ind<span class=\"_ _2\"></span>emnity and hold</div>\n<div class=\"t m0 x7 h4f y913 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">harmless<span class=\"_ _0\"></span> undert<span class=\"_ _2b\"></span>akings in fav<span class=\"_ _0\"></span>our of c<span class=\"_ _0\"></span>ertain f<span class=\"_ _2b\"></span><span class=\"wsf0\">ormer Fortis exec<span class=\"_ _2b\"></span>utives and </span></div>\n<div class=\"t m0 x7 h4f y914 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">directors and of<span class=\"_ _2\"></span> BNP Paribas Fortis relating<span class=\"_ _2\"></span> to future defence costs,<span class=\"_ _2\"></span> as</div>\n<div class=\"t m0 x7 h4f y915 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">well as i<span class=\"_ _2b\"></span>n favour of the d<span class=\"_ _0\"></span>irecto<span class=\"_ _0\"></span>rs of th<span class=\"_ _0\"></span>e two Dut<span class=\"_ _0\"></span>ch foun<span class=\"_ _0\"></span>dations c<span class=\"_ _2b\"></span>reated in</div>\n<div class=\"t m0 x7 h4f y916 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cont<span class=\"_ _0\"></span>ext of t<span class=\"_ _0\"></span>he settl<span class=\"_ _0\"></span>ement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1f85 ff3d5 fs46 fc10 sc0 ls100 ws11a\" style=\"z-index: 15;\">43.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1f86 ff3d5 fs46 fc10 sc0 ls10e ws131\" style=\"z-index: 15;\">Contingent liab<span class=\"_ _2\"></span>ilities for hybrid <span class=\"_ _2\"></span>instrument<span class=\"ls13e ws165\">s of <span class=\"_ _2\"></span></span></div>\n<div class=\"t m0 x7 h6a y1f87 ff3d5 fs46 fc10 sc0 ls10f ws132\" style=\"z-index: 15;\">former subsidiar<span class=\"_ _2b\"></span>i<span class=\"_ _2\"></span>es<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1083 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2007 BNP P<span class=\"_ _2b\"></span>aribas Fortis SA/N<span class=\"_ _2b\"></span>V <span class=\"_ _2\"></span>issu<span class=\"_ _2b\"></span>ed CASHES (Conv<span class=\"_ _0\"></span>ertible A<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x7 h4f y1084 ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subordinated <span class=\"_ _2\"></span>Hybrid Equity<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">linked Securit<span class=\"_ _0\"></span>ies), wit<span class=\"_ _0\"></span>h Ageas SA/<span class=\"_ _0\"></span>NV acting </span></span></div>\n<div class=\"t m0 x7 h4f y1085 ff3d3 fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">as co<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">obli<span class=\"_ _0\"></span>gor (BNP<span class=\"_ _0\"></span> Paribas Fort<span class=\"_ _2b\"></span>is SA/NV was at that <span class=\"wsfa\">p<span class=\"_ _0\"></span>oint in t<span class=\"_ _0\"></span>ime a </span></span></span></div>\n<div class=\"t m0 x7 h4f y1086 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subsidi<span class=\"_ _0\"></span>ary). F<span class=\"_ _0\"></span>rom the o<span class=\"_ _0\"></span>rigina<span class=\"_ _0\"></span>l 12,000 <span class=\"_ _0\"></span>securit<span class=\"_ _0\"></span>ies issu<span class=\"_ _0\"></span>ed, 3,<span class=\"_ _0\"></span>326 secu<span class=\"_ _0\"></span>rities</div>\n<div class=\"t m0 x1a h4f y1f88 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remain out<span class=\"_ _2b\"></span>standing, repr<span class=\"_ _2b\"></span>esenting an aggr<span class=\"_ _0\"></span>egate pri<span class=\"_ _0\"></span>ncipal am<span class=\"_ _2b\"></span>ount of EUR</div>\n<div class=\"t m0 x1a h4f y1f89 ff3d3 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">831.5<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million. </span> </span></div>\n<div class=\"t m0 x1a h4f y1f8a ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f8b ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The secur<span class=\"_ _0\"></span>ities hav<span class=\"_ _0\"></span>e no maturit<span class=\"_ _0\"></span>y date and ca<span class=\"_ _0\"></span>nnot be rep<span class=\"_ _0\"></span>aid in cash, t<span class=\"_ _0\"></span>hey</div>\n<div class=\"t m0 x1a h4f y1f8c ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">can only be ex<span class=\"_ _0\"></span>change<span class=\"_ _0\"></span>d into <span class=\"wsef\">Ageas<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">shares at a pr<span class=\"_ _0\"></span>ice of EUR 239.<span class=\"_ _2b\"></span>40 per </span></span></span></div>\n<div class=\"t m0 x1a h4f y1f8d ff3d3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">share. A mandat<span class=\"_ _2b\"></span>ory exchange tak<span class=\"_ _0\"></span>es place if th<span class=\"_ _0\"></span>e price of the </span></span></div>\n<div class=\"t m0 x1a h4f y1f8e ff3d3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">share is equal to or hi<span class=\"_ _2b\"></span>gher than EUR 359.<span class=\"_ _2b\"></span>10 on twenty </span></span></div>\n<div class=\"t m0 x1a h4f y1f8f ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consec<span class=\"_ _0\"></span>utive stoc<span class=\"_ _0\"></span>k exchan<span class=\"_ _0\"></span>ge busin<span class=\"_ _0\"></span>ess days. BN<span class=\"_ _0\"></span>P Pariba<span class=\"_ _0\"></span>s Fortis SA/<span class=\"_ _0\"></span>NV</div>\n<div class=\"t m0 x1a h4f y1f90 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">owns 3,47<span class=\"_ _0\"></span>3,271<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Ageas</span> </span>shares for t<span class=\"_ _0\"></span>he purpos<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e potential ex<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1f91 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the CASH<span class=\"_ _0\"></span>ES. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1f92 ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f93 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The sole <span class=\"_ _2b\"></span>recourse of t<span class=\"_ _0\"></span>he holder<span class=\"_ _0\"></span>s of the C<span class=\"_ _2b\"></span>ASHES against<span class=\"_ _2b\"></span> any of the co<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1f94 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">obligors with re<span class=\"_ _2\"></span>spect to the principal amount<span class=\"_ _2\"></span> are the Ageas shares that</div>\n<div class=\"t m0 x1a h4f y1f95 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">BNP Pari<span class=\"_ _0\"></span>bas Fortis<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>SA/N<span class=\"_ _0\"></span>V holds, th<span class=\"_ _0\"></span>ese shar<span class=\"_ _0\"></span>es are pled<span class=\"_ _0\"></span>ged in favou<span class=\"_ _0\"></span>r of</div>\n<div class=\"t m0 x1a h4f y1f96 ff3d3 fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">suc<span class=\"lse0 wsf0\">h holders<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1f97 ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f98 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">BNP Paribas Forti<span class=\"_ _2\"></span>s SA/NV pays the coupon on the CASHES<span class=\"_ _2\"></span>, in</div>\n<div class=\"t m0 x1a h4f y1f99 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">quarter<span class=\"_ _0\"></span>ly arrears<span class=\"_ _0\"></span>, at a variab<span class=\"_ _0\"></span>le rate of 3 mo<span class=\"_ _0\"></span>nth Eurib<span class=\"_ _0\"></span>or plus 200 b<span class=\"_ _0\"></span>asis</div>\n<div class=\"t m0 x1a h4f y1f9a ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">points, <span class=\"_ _0\"></span>up to th<span class=\"_ _0\"></span>e exchan<span class=\"_ _2b\"></span>ge of the secu<span class=\"_ _0\"></span>rities fo<span class=\"_ _0\"></span>r Ageas <span class=\"_ _0\"></span>shares. I<span class=\"_ _2b\"></span>n the</div>\n<div class=\"t m0 x1a h4f y1f9b ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event that<span class=\"_ _0\"></span> Ageas decl<span class=\"_ _0\"></span>ares no div<span class=\"_ _0\"></span>idend on i<span class=\"wsfa\">t<span class=\"_ _0\"></span>s shares<span class=\"_ _0\"></span>, or t<span class=\"_ _0\"></span>hat the </span></div>\n<div class=\"t m0 x1a h4f y1f9c ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds to be decla<span class=\"_ _2b\"></span>red are below a thres<span class=\"_ _0\"></span>hold wit<span class=\"_ _0\"></span>h respect to any<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x1a h4f y1f9d ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al year <span class=\"_ _0\"></span>(divide<span class=\"_ _0\"></span>nd yiel<span class=\"_ _0\"></span>d less th<span class=\"_ _0\"></span>an 0.5%<span class=\"_ _0\"></span>), and in<span class=\"_ _0\"></span> certai<span class=\"_ _0\"></span>n other</div>\n<div class=\"t m0 x1a h4f y1f9e ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">circumstances<span class=\"_ _2\"></span>, coupons will manda<span class=\"_ _2\"></span>torily need to<span class=\"_ _2\"></span> be settled by Agea<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y1f9f ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">SA/NV via issuan<span class=\"_ _2\"></span>ce of new sha<span class=\"lse0 wsfa\">res in ac<span class=\"_ _0\"></span>corda<span class=\"_ _0\"></span>nce wit<span class=\"_ _0\"></span>h the so c<span class=\"_ _0\"></span>alled </span></div>\n<div class=\"t m0 x1a h4f y1fa0 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Alternative Cou<span class=\"_ _2\"></span>pon Settlement Method (ACSM), whi<span class=\"_ _2\"></span>le BNP Paribas</div>\n<div class=\"t m0 x1a h4f y1fa1 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Fortis S<span class=\"_ _0\"></span>A/NV w<span class=\"_ _0\"></span>ould nee<span class=\"_ _2b\"></span>d to issue instru<span class=\"_ _0\"></span>ments t<span class=\"_ _0\"></span>hat qua<span class=\"_ _0\"></span>lify as <span class=\"_ _0\"></span>hybrid T<span class=\"_ _0\"></span>ier</div>\n<div class=\"t m0 x1a h4f y1fa2 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">1 instrum<span class=\"_ _0\"></span>ents to Age<span class=\"_ _0\"></span>as as compe<span class=\"_ _0\"></span>nsatio<span class=\"_ _0\"></span>n for the coup<span class=\"_ _0\"></span>ons paid by A<span class=\"_ _2b\"></span>geas</div>\n<div class=\"t m0 x1a h4f y1fa3 ff3d3 fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">SA/NV. If the <span class=\"lse2 ws103\">ACSM is triggered<span class=\"_ _2\"></span> and there is insufficient ava<span class=\"_ _2\"></span>ilable </span></div>\n<div class=\"t m0 x1a h4f y1fa4 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">authoris<span class=\"_ _2b\"></span>ed capital to enabl<span class=\"_ _0\"></span>e Ageas SA/<span class=\"_ _0\"></span>NV to meet th<span class=\"_ _0\"></span>e ACSM obli<span class=\"_ _0\"></span>gation,<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1fa5 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cou<span class=\"_ _0\"></span>pon sett<span class=\"_ _0\"></span>lement w<span class=\"_ _2b\"></span>ill be postpon<span class=\"_ _0\"></span>ed until s<span class=\"_ _2b\"></span>uch time as the <span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> to</div>\n<div class=\"t m0 x1a h4f y1fa6 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">issue shares is<span class=\"_ _2\"></span> restored. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1fa7 ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1fa8 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In an agreem<span class=\"_ _2b\"></span>ent reached in <span class=\"lse2 ws103\">2012, that amongst other<span class=\"_ _2\"></span>s led to the tender </span></div>\n<div class=\"t m0 x1a h4f y1fa9 ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and subsequen<span class=\"_ _2\"></span>t exchange of CAS<span class=\"_ _2\"></span>HES, Ageas agreed <span class=\"_ _2\"></span>to pay an annual</div>\n<div class=\"t m0 x1a h4f y1faa ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">indemn<span class=\"_ _0\"></span>ity to BNP Par<span class=\"_ _2b\"></span>ibas Fortis SA/NV t<span class=\"_ _0\"></span>hat equal<span class=\"_ _0\"></span>s the gross<span class=\"_ _0\"></span>ed up</div>\n<div class=\"t m0 x1a h4f y1fab ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d on the shar<span class=\"_ _0\"></span>es that BNP P<span class=\"_ _0\"></span>aribas Fort<span class=\"_ _2b\"></span>is SA/NV holds.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 503px; height: 603px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 503px; height: 603px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 503px; height: 603px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 503px; height: 603px; width: 96%; z-index: 1;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">E<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>ents after t<span class=\"_ _2\"></span>he dat<span class=\"_ _2b\"></span>e of the</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">sta<span class=\"_ _2b\"></span>temen<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f financi<span class=\"_ _2\"></span>al po<span class=\"_ _2b\"></span>sit<span class=\"_ _2\"></span>io<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y17d5 ff3d7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse2 wsf1\">he <span class=\"lse0 wsef\">devastating </span><span class=\"ws103\">earthquake in February 2023</span></span> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">in T\u00fc<span class=\"_ _0\"></span>rkiye i<span class=\"_ _0\"></span>s expect<span class=\"_ _2b\"></span>ed to have no m<span class=\"_ _0\"></span>aterial <span class=\"_ _0\"></span>impact<span class=\"_ _0\"></span> on the co<span class=\"_ _2b\"></span>nsolidated fin<span class=\"_ _2b\"></span>ancial statem<span class=\"_ _2b\"></span>ents of Ageas. <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1ce3 ff3d7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1fbb ff3d7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 13 March 2<span class=\"_ _0\"></span>023, Ageas a<span class=\"_ _2b\"></span>nnounced that it init<span class=\"_ _2b\"></span>iated exclusiv<span class=\"_ _0\"></span>e negotiat<span class=\"_ _2b\"></span>ions with La Mutuell<span class=\"_ _2b\"></span>e Epargne Retra<span class=\"_ _0\"></span>ite Pr\u00e9voy<span class=\"_ _2b\"></span>ance Carac<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">(\u201cCarac\u201d) for the<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1fbc ff3d7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">of its French ac<span class=\"_ _2\"></span>tivities. The transaction<span class=\"_ _2\"></span> is subject to regulatory app<span class=\"_ _2\"></span>rovals.</span> </span></div>\n<div class=\"t m0 x7 h4f y1fbd ff3d7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1fbe ff3d7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Followi<span class=\"_ _2b\"></span>ng recent events at Cr<span class=\"_ _0\"></span>edit Suis<span class=\"_ _0\"></span>se and Silic<span class=\"_ _2b\"></span>on Valley Bank, Age<span class=\"_ _0\"></span>as has ana<span class=\"_ _0\"></span>lysed its ex<span class=\"_ _0\"></span>posure to Am<span class=\"_ _2b\"></span>erican regional<span class=\"_ _0\"></span> banks <span class=\"lse2 wsfa\">and Credit Suisse/<span class=\"_ _2\"></span>UBS </span></div>\n<div class=\"t m0 x7 h4f y1fbf ff3d7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and concluded t<span class=\"_ _2\"></span>hat Ageas\u2019 ove<span class=\"lse0 wsf0\">rall exp<span class=\"_ _0\"></span>osure is not m<span class=\"_ _0\"></span>aterial.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 727px; height: 234px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 2%; bottom: 727px; height: 234px; width: 96%; z-index: 1;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag553": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls74 ws7f\" style=\"z-index: 15;\">L<span class=\"_ _2b\"></span>egal<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls1 ws1\" style=\"z-index: 15;\">st<span class=\"_ _2\"></span>ruct<span class=\"_ _2\"></span>ure</div>\n<div class=\"t m0 x7 h63 y714 ff46 fs40 fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">Ageas<span class=\"lsf6\"> SA/NV, incorporate<span class=\"lsf7 ws10e\">d in </span></span></div>\n<div class=\"t m0 x7 h63 y715 ff46 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">Belgium with its regist<span class=\"_ _0\"></span>ered office at</div>\n<div class=\"t m0 x7 h63 y716 ff46 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">Rue du Marquis 1/Markiesstraat 1,<span class=\"ls0 ws0\"><span class=\"lsf6 ws110\"> </span></span></div>\n<div class=\"t m0 x7 h63 y717 ff46 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">Brussels, Belgium<span class=\"lsf9 ws111\">* <span class=\"lsf8 ws10f\">is the parent </span></span></div>\n<div class=\"t m0 x7 h63 y718 ff46 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">company of the Ageas <span class=\"ls0 ws0\">g<span class=\"_ _2\"></span></span><span class=\"ws112\">roup.<span class=\"ls0 ws0\"> </span>The </span></div>\n<div class=\"t m0 x7 h63 y719 ff46 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">Annual Report includes the</div>\n<div class=\"t m0 x7 h63 y71a ff46 fs40 fc1e sc0 lsf6 ws113\" style=\"z-index: 15;\">Consolidated Financial Statemen<span class=\"_ _0\"></span>ts</div>\n<div class=\"t m0 x7 h63 y71b ff46 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">of the Ageas group and the</div>\n<div class=\"t m0 x7 h63 y71c ff46 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">Financial Statements of Ag<span class=\"lsf6 ws110\">eas </span></div>\n<div class=\"t m0 x7 h63 y71d ff46 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">SA/NV. Ageas group carries out life,</div>\n<div class=\"t m0 x7 h63 y71e ff46 fs40 fc1e sc0 lsf8 ws112\" style=\"z-index: 15;\">non-life insurance and reinsurance<span class=\"ls0 ws0\"><span class=\"lsf6\"> </span></span></div>\n<div class=\"t m0 x7 h63 y71f ff46 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">business in Europe and Asia.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x7 h4f y720 ff44 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h5c y721 ff47 fs3f fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">* <span class=\"_ _5\"> </span><span class=\"lsf1 ws107\">Please note that Ageas\u2019s registered offices will be at </span></div>\n<div class=\"t m0 x44 h5c y722 ff47 fs3f fc1e sc0 lsf1 ws107\" style=\"z-index: 15;\">Manhattan Center Brussels, Avenue du Boulevard 21,</div>\n<div class=\"t m0 x44 h5c y723 ff47 fs3f fc1e sc0 lsf1 ws107\" style=\"z-index: 15;\">1210 Brussels, Belgium, as from 21 April 2<span class=\"ws106\">023<span class=\"ls0 ws0\">., </span></span></div>\n<div class=\"t m0 x26 h4f y724 ff44 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">shares are list<span class=\"_ _0\"></span>ed on the regu<span class=\"_ _0\"></span>lated mark<span class=\"_ _0\"></span>et of Euron<span class=\"_ _2b\"></span>ext Brussels. <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span></span>has a sponso<span class=\"_ _2b\"></span>red ADR </span></span></div>\n<div class=\"t m0 x26 h4f y725 ff44 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">program<span class=\"_ _0\"></span>me in the Uni<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y726 ff44 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y727 ff44 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Known sharehol<span class=\"_ _2\"></span>ders of <span class=\"wsf1\">Ageas SA/NV<span class=\"ls0 ws0\"><span class=\"lsfa ws114\"><span class=\"lse0 wsf0\">, based on the of<span class=\"_ _0\"></span>ficia<span class=\"_ _0\"></span>l notificat<span class=\"_ _2b\"></span>ions, as at 31 Decem<span class=\"_ _2b\"></span>ber 20<span class=\"ls0 ws0\">22<span class=\"_ _2\"></span> </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y728 ff44 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">are:<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t m0 x26 h4f y729 ff48 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff49\"> <span class=\"_ _46\"> </span><span class=\"ff44 lsfb wsfa\">F<span class=\"_ _2\"></span>osun</span><span class=\"ff44\">  <span class=\"_ _81\"></span><span class=\"lsf4 ws10c\">........................<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">10.<span class=\"_ _0\"></span>01%;<span class=\"ls0 ws0\"> </span></span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y72a ff48 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff49\"> <span class=\"_ _46\"> </span><span class=\"ff44 lse1 wsf0\">B<span class=\"_ _2\"></span>lackRock,</span><span class=\"ff44\"> <span class=\"lsfc ws115\">Inc</span>  <span class=\"_ _2b\"></span><span class=\"lsf4 ws10c\">............<span class=\"ls0 ws0\"> <span class=\"_ _2b\"></span>6.<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">59<span class=\"lsfd ws116\">%; </span></span> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y72b ff48 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff49\"> <span class=\"_ _46\"> </span><span class=\"ff44 lsfc ws115\">F<span class=\"_ _2\"></span>PIM</span><span class=\"ff44\">-<span class=\"lse2 wsf1\">SF</span>P<span class=\"_ _2\"></span>I  <span class=\"_ _2b\"></span><span class=\"lsf4 ws10c\">..................<span class=\"ls0 ws0\"> <span class=\"_ _2b\"></span>6.<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">33</span>%. </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y72c ff44 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y72d ff44 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">SA/NV<span class=\"_ _2\"></span> and its subsidia<span class=\"_ _2\"></span>ries hold <span class=\"ls0 ws0\">3.<span class=\"lse0 wsef\">01<span class=\"wsf0\">% of its own shares. <span class=\"wsfa\">Th<span class=\"_ _2b\"></span>is interest is r<span class=\"_ _2b\"></span>elated to the </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y72e ff44 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">FRESH (s<span class=\"_ _0\"></span>ee note<span class=\"ls0 ws0\"> </span>18 Shar<span class=\"_ _2b\"></span>eholders\u2019 equit<span class=\"_ _0\"></span>y and note 20 S<span class=\"_ _2b\"></span>ubordinated liab<span class=\"_ _2b\"></span>ilities), rest<span class=\"_ _0\"></span>ricted sh<span class=\"_ _0\"></span>are</div>\n<div class=\"t m0 x26 h4f y72f ff44 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">programmes and<span class=\"_ _2\"></span> the share buy<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">back<span class=\"_ _0\"></span> programm<span class=\"_ _2b\"></span>es (see note 18 Share<span class=\"_ _0\"></span>holders<span class=\"_ _0\"></span>\u2019 equity<span class=\"_ _0\"></span>).<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y730 ff44 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">The legal struc<span class=\"_ _2\"></span>ture of <span class=\"wsf1\">Ageas<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">is per<span class=\"_ _2\"></span> 31<span class=\"ls0 ws0\"> </span></span>December<span class=\"ls0 ws0\"> </span>202<span class=\"ls0 ws0\">2<span class=\"_ _2\"></span> </span></span>as follows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7e h67 y75b ff4d fs42 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Ageas SA/NV</div>\n<div class=\"t m0 x42 h67 y75a ff4d fs42 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">100%<span class=\"fs43\"> Ageas Insurance International NV</span></div>\n<div class=\"t m0 xae h68 y75c ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">100%</div>\n<div class=\"t m0 xe9 h68 y75d ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Ageas UK</div>\n<div class=\"t m0 xf7 h68 y75e ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Ltd.</div>\n<div class=\"t m0 x62 h68 y76b ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Various legal</div>\n<div class=\"t m0 x89 h68 y76c ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">entities part of</div>\n<div class=\"t m0 xd1 h68 y76d ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Ageas Asia</div>\n<div class=\"t m0 x89 h69 y76e ff4e fs45 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Presence in China,</div>\n<div class=\"t m0 x1e5 h69 y76f ff4e fs45 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Thailand, Malaysia, India</div>\n<div class=\"t m0 xf0 h69 y770 ff4e fs45 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Philippines, Vietnam</div>\n<div class=\"t m0 x1e6 h69 y771 ff4e fs45 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Hong Kong and Singapore</div>\n<div class=\"t m0 x1e8 h68 y774 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Various legal</div>\n<div class=\"t m0 x1e9 h68 y775 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">entities part of</div>\n<div class=\"t m0 xce h68 y776 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Continental Europe</div>\n<div class=\"t m0 x71 h69 y772 ff4e fs45 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Presence in Portugal,</div>\n<div class=\"t m0 x1e7 h69 y773 ff4e fs45 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">France and T\u00fcrkiye</div>\n<div class=\"t m0 x12b h68 y768 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">75%</div>\n<div class=\"t m0 xa1 h68 y769 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">AG Insurance</div>\n<div class=\"t m0 x1e4 h68 y76a ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">SA/NV</div>\n<div class=\"t m0 x1a0 h68 y75f ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">44.7%</div>\n<div class=\"t m0 xfe h68 y760 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Royal Park</div>\n<div class=\"t m0 x108 h68 y761 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Investments</div>\n<div class=\"t m0 xef h68 y762 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">SA/NV</div>\n<div class=\"t m0 x56 h68 y763 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">100%</div>\n<div class=\"t m0 xfb h68 y764 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Ageasfinlux SA</div>\n<div class=\"t m0 xd0 h68 y763 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">100%</div>\n<div class=\"t m0 x1e3 h68 y764 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Goldpark</div>\n<div class=\"t m0 xcf h68 y765 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">International</div>\n<div class=\"t m0 xcf h68 y766 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Investments</div>\n<div class=\"t m0 x102 h68 y767 ff4d fs44 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">BV</div>\n<div class=\"t m0 x26 h4f y741 ff44 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Fully con<span class=\"_ _2\"></span>solidated entities o<span class=\"_ _2\"></span>f Ageas in<span class=\"ls0 ws0\"> </span>Europ<span class=\"_ _2\"></span>e are in<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">UK, Ageas UK Ltd. <span class=\"wsfa\">(<span class=\"_ _2b\"></span>100%), in<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Portugal, </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y742 ff44 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Millenniumbcp<span class=\"_ _2\"></span> Ageas (51%), M\u00e9d<span class=\"_ _2\"></span>is (100%), Ageas Por<span class=\"_ _2\"></span>tugal Vida (100%)<span class=\"_ _2\"></span> and Ageas Portugal<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x26 h4f y743 ff44 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">Seguros (100%)<span class=\"_ _2\"></span> and in France, Ageas France (100<span class=\"_ _2\"></span>%)</div>\n<div class=\"t m0 x1e1 h64 y744 ff44 fs41 fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">3</div>\n<div class=\"t m0 x1e2 h4f y745 ff44 fs3a fc1e sc0 lsf4 ws10c\" style=\"z-index: 15;\">. <span class=\"lse0 wsfa\">The full lis<span class=\"_ _0\"></span>t of und<span class=\"_ _2b\"></span>ertakings in t<span class=\"_ _0\"></span>he scope <span class=\"_ _0\"></span>of </span></div>\n<div class=\"t m0 x26 h4f y746 ff44 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">the Group<span class=\"_ _2\"></span> is published in<span class=\"_ _2\"></span> the \u2018Group Public <span class=\"_ _2\"></span>Disclosure QRTs\u2019 wh<span class=\"_ _2\"></span>ich can be found<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"ws103\">on the website: </span></div>\n<div class=\"t m0 x26 h4f y747 ff44 fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">https://www.age<span class=\"_ _2\"></span>as.com/investors/quarterl<span class=\"_ _2\"></span>y<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">resu<span class=\"_ _0\"></span>lts<span class=\"ff47 fc1e ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h65 y749 ff49 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"_ _20e\"> </span><span class=\"ff46 fs40\"> </span></div>\n<div class=\"t m0 x2c h4f y74a ff44 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h5c y74b ff47 fs3f fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">3  <span class=\"_ _c2\"> </span><span class=\"lsf1 ws107\">Ageas F<span class=\"_ _2\"></span>rance is accounted for under<span class=\"_ _0\"></span> IFRS 5 as \u201cheld for sale\u201d. See note 3.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 118px; height: 843px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ags:DisclosureOfLegalStructureExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag551": {
   "value": "Ageas",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag565": {
   "value": "SA/NV",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag564": {
   "value": "Rue du Marquis 1/Markiesstraat 1,Brussels",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag562": {
   "value": "Belgium",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag555": {
   "value": "carries out life,non-life insurance and reinsurancebusiness",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag554": {
   "value": "Europe and Asia",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag558": {
   "value": "Ageas SA/NV",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag559": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls20 ws23\" style=\"z-index: 15;\">Summar<span class=\"_ _2\"></span>y<span class=\"_ _0\"></span> o<span class=\"_ _2b\"></span>f <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">acc<span class=\"_ _2b\"></span>ou<span class=\"_ _2\"></span>n<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ing policies</div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h63 y714 ff52 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">The Ageas Consolidated Finan<span class=\"_ _2b\"></span>cial</div>\n<div class=\"t m0 x7 h63 y715 ff52 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">Statements<span class=\"ls0 ws0\"> </span><span class=\"ws10f\">ov<span class=\"_ _2\"></span>er the annual </span></div>\n<div class=\"t m0 x7 h63 y716 ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">reporting period 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 y717 ff52 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">(\u2018<span class=\"ls0 ws0\">c</span>onsolidated <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f<span class=\"lsf6 ws110\">inancial </span></span></div>\n<div class=\"t m0 x7 h63 y718 ff52 fs40 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lsf6\">tatements\u2019), including all the </span></div>\n<div class=\"t m0 x7 h63 y719 ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">notes, comply with the International</div>\n<div class=\"t m0 x7 h63 y71a ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Financial Reporting Standards</div>\n<div class=\"t m0 x7 h63 y71b ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(IFRS) required <span class=\"ws112\">on<span class=\"ls0 ws0\"> 1<span class=\"_ _2\"></span> </span>January<span class=\"ls0 ws0\"> <span class=\"lsff ws119\">20<span class=\"_ _2\"></span>2</span>2<span class=\"lsf6 ws110\">, </span></span></span></div>\n<div class=\"t m0 x7 h63 y71c ff52 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">as issued by the Internatio<span class=\"_ _0\"></span>nal</div>\n<div class=\"t m0 x7 h63 y71d ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Accounting Standards Board <span class=\"ws112\">(IASB) </span></div>\n<div class=\"t m0 x7 h63 y71e ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and endorsed by the European</div>\n<div class=\"t m0 x7 h63 y71f ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Union (EU).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 596px; height: 243px; width: 219px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 596px; height: 248px; width: 219px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 596px; height: 253px; width: 219px; z-index: 3;\"><br/></div>\n\n<div id=\"fs_2GAASCPQ5S00000000000000000000\"><br/></div>\n<div style=\"z-index: 15;\"><br/></div>\n<div id=\"fs_F3WI6KKNF400000000000000000000\"><br/></div>\n<div style=\"z-index: 15;\"><br/></div>\n<div id=\"fs_STNC9X22GW00000000000000000000\"><br/></div>\n<div class=\"t m0 x26 h4f y724 ff50 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The Board of Dire<span class=\"_ _2\"></span>ctors of Ageas released the<span class=\"_ _2\"></span>se consolidated financial s<span class=\"_ _2\"></span>tatements for issue on 28</div>\n<div class=\"t m0 x26 h4f y725 ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">March 202<span class=\"_ _0\"></span>3.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h6a y777 ff53 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h6a y778 ff53 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Basis of accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y779 ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The accou<span class=\"_ _0\"></span>nting pol<span class=\"_ _0\"></span>icies app<span class=\"_ _0\"></span>lied in the<span class=\"_ _0\"></span><span class=\"lsf3 ws11c\">se<span class=\"ls0 ws0\"> c<span class=\"lse0 wsef\">onsolidate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f<span class=\"ls102 ws11d\">inancial<span class=\"_ _2\"></span> </span>s<span class=\"lse2 wsf1\">tatements</span> </span><span class=\"wsfa\">are consist<span class=\"_ _0\"></span>ent with<span class=\"_ _0\"></span> those </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y77a ff50 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applied for the<span class=\"_ _2\"></span> year ended <span class=\"wsf1\">on<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">31</span> <span class=\"lse0 wsef\">December</span> </span>20<span class=\"ls0 ws0\">21</span></span>, except for t<span class=\"_ _2\"></span>he changes listed in <span class=\"lsfc ws115\">se<span class=\"_ _2\"></span>ction<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">2.2 below.</span> </span></span></div>\n<div class=\"t m0 x26 h4f y77b ff50 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div style=\"z-index: 15;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x26 h4f y77c ff50 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The<span class=\"lsfb wsfa\">se<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span>c</span></span>onsolidated <span class=\"ls0 ws0\">f<span class=\"_ _2\"></span></span>inancial <span class=\"ls0 ws0\">s</span><span class=\"wsfa\">ta<span class=\"_ _2\"></span>tements are prepared<span class=\"_ _2\"></span> on a going conce<span class=\"_ _2\"></span>rn basis and are<span class=\"_ _2\"></span> presented </span></div>\n<div class=\"t m0 x26 h4f y77d ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in round<span class=\"_ _0\"></span>ed million<span class=\"_ _0\"></span>s of euros, t<span class=\"_ _0\"></span>he functi<span class=\"_ _0\"></span>onal curr<span class=\"_ _2b\"></span>ency of the parent co<span class=\"_ _0\"></span>mpany of Ag<span class=\"_ _0\"></span>eas, unles<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x26 h4f y77e ff50 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">indicated o<span class=\"_ _2\"></span>therwise.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 633px; height: 47px; width: 482px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 633px; height: 52px; width: 482px; z-index: 4;\"><br/></div>\n\n<div id=\"fs_QXM8Y56F1S00000000000000000000\"><br/></div>\n<div style=\"z-index: 15;\"><br/></div>\n<div id=\"fs_TIZT0U0E2O00000000000000000000\"><br/></div>\n<div class=\"t m0 x26 h4f y77f ff50 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y780 ff50 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Assets a<span class=\"_ _2b\"></span>nd liabilitie<span class=\"_ _0\"></span>s record<span class=\"_ _2b\"></span>ed in the <span class=\"wsef\">conso<span class=\"_ _0\"></span>lidated <span class=\"wsfa\">st<span class=\"_ _0\"></span>atement<span class=\"_ _2b\"></span> of financial <span class=\"_ _0\"></span>positio<span class=\"_ _2b\"></span>n of Ageas usua<span class=\"_ _0\"></span>lly </span></span></div>\n<div class=\"t m0 x26 h4f y781 ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have a durat<span class=\"_ _2b\"></span>ion of more than 12 mont<span class=\"_ _0\"></span>hs, exce<span class=\"_ _0\"></span>pt for cash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _2b\"></span>alents, reinsur<span class=\"_ _0\"></span>ance and</div>\n<div class=\"t m0 x26 h4f y782 ff50 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other receivable<span class=\"_ _2\"></span>s, accrued interest and ot<span class=\"_ _2\"></span>her assets, Non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">li<span class=\"_ _2\"></span>fe insurance <span class=\"wsf1\">contract<span class=\"_ _2\"></span> <span class=\"ls102 ws11d\">liabilities,<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span></span><span class=\"lsfb\">some </span></span></div>\n<div class=\"t m0 x26 h4f y783 ff50 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowings l<span class=\"_ _2\"></span>ike repurchase ag<span class=\"_ _2\"></span>reements,<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">accrued i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> and other lia<span class=\"_ _2b\"></span>bilities and curre<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>tax<span class=\"_ _0\"></span> assets </span></span></div>\n<div class=\"t m0 x26 h4f y784 ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and liabi<span class=\"_ _0\"></span>lities.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 539px; height: 151px; width: 482px; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x26 h4f y786 ff50 fs3a fc14 sc0 lsfa ws11e\" style=\"z-index: 15;\">The mo<span class=\"lse2 ws103\">s<span class=\"_ _2\"></span>t significant IFRS standards appl<span class=\"_ _2\"></span>ied for the measurement of<span class=\"_ _2\"></span> the assets and liabilitie<span class=\"_ _2\"></span>s are:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y787 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lsfd ws116\">IAS<span class=\"_ _2\"></span></span><span class=\"ff50\"> <span class=\"lse0 wsfa\">1 for pr<span class=\"_ _2b\"></span>esentation of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial stat<span class=\"_ _2b\"></span>ements;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y788 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IAS 16 for property<span class=\"_ _0\"></span>, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"_ _2b\"></span>;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y789 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IAS 19 for empl<span class=\"_ _0\"></span>oyee be<span class=\"_ _0\"></span>nefits;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y78a ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IAS 23 for borrowing c<span class=\"_ _0\"></span>osts (lo<span class=\"_ _0\"></span>ans);<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y78b ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lsfd ws116\">IAS<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">28 for i<span class=\"_ _2b\"></span>nvestments i<span class=\"_ _0\"></span>n associat<span class=\"_ _2b\"></span>es and joint v<span class=\"_ _0\"></span>entures;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y78c ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IAS 32 for fin<span class=\"_ _0\"></span>ancial in<span class=\"_ _0\"></span>strume<span class=\"_ _0\"></span>nts <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsef\">presentat<span class=\"_ _0\"></span>ion; <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y78d ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IAS 36 for impa<span class=\"_ _0\"></span>irment<span class=\"_ _0\"></span> of assets<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y78e ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IAS 38 for int<span class=\"_ _0\"></span>angible a<span class=\"_ _2b\"></span>ssets;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y78f ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IAS 39 for fin<span class=\"_ _0\"></span>ancial in<span class=\"_ _0\"></span>strume<span class=\"_ _0\"></span>nts <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsf0\">recognit<span class=\"_ _0\"></span>ion and meas<span class=\"_ _0\"></span>urement<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y790 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IAS 40 for inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span> prop<span class=\"lse2 wsf1\">erty;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y791 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IFRS 3 for busines<span class=\"_ _0\"></span>s combina<span class=\"_ _0\"></span>tions;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y792 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IFRS 4 for insuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _2b\"></span>s;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y793 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IFRS 7 for disclosu<span class=\"_ _2b\"></span>res of financial ins<span class=\"_ _0\"></span>trument<span class=\"_ _2b\"></span>s;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y794 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IFRS 8 for operati<span class=\"_ _0\"></span>ng segment<span class=\"_ _2b\"></span>s;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y795 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IFRS 10 for con<span class=\"_ _0\"></span>solidat<span class=\"_ _0\"></span>ed fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _2b\"></span>atements;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y796 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsf0\">IFRS 12 for disclos<span class=\"_ _2b\"></span>ure of interests in ot<span class=\"_ _0\"></span>her entit<span class=\"_ _0\"></span>ies;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y797 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lsf4 ws10c\">IF<span class=\"lse0 wsfa\">RS 13 for fair v<span class=\"_ _2b\"></span>alue measurem<span class=\"_ _0\"></span>ent;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y798 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IFRS 15 for rev<span class=\"_ _0\"></span>enue fr<span class=\"_ _2b\"></span>om contracts w<span class=\"_ _0\"></span>ith cust<span class=\"_ _2b\"></span>omers; and<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y799 ff54 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff55\"> <span class=\"_ _46\"> </span><span class=\"ff50 lse0 wsfa\">IFRS 16 for le<span class=\"_ _0\"></span>ases.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 207px; height: 754px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff5a fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h6a y79d ff5a fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Chang<span class=\"_ _2\"></span>es in <span class=\"_ _2\"></span>accounti<span class=\"_ _2\"></span>ng polici<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y79e ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas applied<span class=\"_ _2\"></span>\u00a0as from 1 Ja<span class=\"_ _2\"></span>nuary 2022 the re<span class=\"_ _2\"></span>quirements in IAS<span class=\"_ _2\"></span>\u00a029</div>\n<div class=\"t m0 x7 h4f y79f ff58 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">\u2018Fina<span class=\"lse2 ws103\">ncial<span class=\"_ _2\"></span>\u00a0reporting in hyperinflat<span class=\"_ _2\"></span>ionary economies\u2019 to the fina<span class=\"_ _2\"></span>ncial </span></div>\n<div class=\"t m0 x7 h4f y7a0 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nts of its Turkish ass<span class=\"_ _0\"></span>ociates<span class=\"_ _0\"></span>\u00a0\u2018Aksigo<span class=\"_ _0\"></span>rta\u2019 and \u2018A<span class=\"_ _0\"></span>geSA\u2019. Fu<span class=\"_ _2b\"></span>rther</div>\n<div class=\"t m0 x7 h4f y7a1 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">informat<span class=\"_ _2b\"></span>ion in this respec<span class=\"_ _0\"></span>t is includ<span class=\"_ _0\"></span>ed in sectio<span class=\"_ _0\"></span>n 2.7 below<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7a2 ff58 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.2.1<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1ef\">\u00a0</span><span class=\"lse2 wsf1\">Curr<span class=\"_ _2\"></span>ent</span>-<span class=\"lse2 ws103\">year changes in<span class=\"_ _2\"></span>\u00a0IFRS standards</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7a3 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">New or <span class=\"wsfa\">revised <span class=\"_ _2\"></span>IFRS standards, i<span class=\"_ _2\"></span>nterpretations, and<span class=\"_ _2\"></span>\u00a0amendments to </span></div>\n<div class=\"t m0 x7 h4f y7a4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS st<span class=\"_ _0\"></span>andards<span class=\"_ _0\"></span>\u00a0and int<span class=\"_ _0\"></span>erpretat<span class=\"_ _2b\"></span>ions, that bec<span class=\"_ _2b\"></span>ame effecti<span class=\"_ _0\"></span>ve for an<span class=\"_ _0\"></span>nual</div>\n<div class=\"t m0 x7 h4f y7a5 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting period<span class=\"_ _2\"></span>s starting on 1 January 2022<span class=\"_ _2\"></span>, and that have been</div>\n<div class=\"t m0 x7 h4f y7a6 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">endorsed by the<span class=\"_ _2\"></span>\u00a0EU, did not have a significant impac<span class=\"_ _2\"></span>t to the ac<span class=\"wsf1\">counting </span></div>\n<div class=\"t m0 x7 h4f y7a7 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span>\u00a0applied by<span class=\"_ _0\"></span>\u00a0Ageas and<span class=\"_ _0\"></span>\u00a0to its consol<span class=\"_ _0\"></span>idated st<span class=\"_ _2b\"></span>atement of financ<span class=\"_ _0\"></span>ial</div>\n<div class=\"t m0 x7 h4f y7a8 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n and its inc<span class=\"_ _0\"></span>ome statem<span class=\"_ _2b\"></span>ent during 2022.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7a9 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7aa ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As a direct c<span class=\"_ _0\"></span>onseque<span class=\"_ _0\"></span>nce of the Cov<span class=\"_ _0\"></span>id pandem<span class=\"_ _2b\"></span>ic, the IASB issued in M<span class=\"_ _0\"></span>ay</div>\n<div class=\"t m0 x7 h4f y7ab ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2020 ame<span class=\"_ _0\"></span>ndments t<span class=\"_ _0\"></span>o IFRS 16 \u2018Cov<span class=\"_ _2b\"></span>id<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">19 related rent<span class=\"_ _0\"></span>\u00a0conces<span class=\"_ _0\"></span><span class=\"lse2\">sions\u2019. The </span></span></div>\n<div class=\"t m0 x7 h4f y7ac ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents prov<span class=\"_ _2b\"></span>ide a practic<span class=\"_ _0\"></span>al expe<span class=\"_ _0\"></span>dient not<span class=\"_ _0\"></span>\u00a0to ass<span class=\"_ _0\"></span>ess whet<span class=\"_ _0\"></span>her Covi<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y7ad ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">19 relate<span class=\"_ _0\"></span>d rent con<span class=\"_ _0\"></span>cession<span class=\"_ _0\"></span>s, that red<span class=\"_ _0\"></span>uce lease pa<span class=\"_ _0\"></span>yments<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>due on or</div>\n<div class=\"t m0 x7 h4f y7ae ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">before 3<span class=\"_ _0\"></span>0 June 2<span class=\"_ _0\"></span>021, ar<span class=\"_ _0\"></span>e a lease <span class=\"_ _0\"></span>modifi<span class=\"_ _0\"></span>cation.<span class=\"_ _0\"></span>\u00a0In Marc<span class=\"_ _2b\"></span>h 2021, the IA<span class=\"_ _0\"></span>SB</div>\n<div class=\"t m0 x7 h4f y7af ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">prolon<span class=\"_ _0\"></span>ged the prac<span class=\"_ _0\"></span>tical expe<span class=\"_ _2b\"></span>dient incl<span class=\"wsfa\">uded i<span class=\"_ _0\"></span>n thes<span class=\"_ _0\"></span>e amendm<span class=\"_ _2b\"></span>ents to </span></div>\n<div class=\"t m0 x7 h4f y7b0 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease paym<span class=\"_ _2b\"></span>ents due on or before 3<span class=\"_ _0\"></span>0 June 2022. B<span class=\"_ _0\"></span>ecause Ag<span class=\"_ _2b\"></span>eas did not</div>\n<div class=\"t m0 x7 h4f y7b1 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefit from Co<span class=\"_ _2\"></span>vid<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">19 relat<span class=\"_ _2b\"></span>ed rent conc<span class=\"_ _0\"></span>essions<span class=\"_ _0\"></span>, that wo<span class=\"_ _2b\"></span>uld result in <span class=\"_ _0\"></span>a </span></span></div>\n<div class=\"t m0 x7 h4f y7b2 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease modifi<span class=\"_ _2\"></span>cation, the amendments had no impa<span class=\"_ _2\"></span>ct on the present</div>\n<div class=\"t m0 x7 h4f y7b3 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated st<span class=\"_ _0\"></span>atement of<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">financial position and in<span class=\"_ _2\"></span>come statement of </span></span></div>\n<div class=\"t m0 x7 h4f y7b4 ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7b5 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7b6 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">To meet reg<span class=\"_ _0\"></span>ulatory<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>and mark<span class=\"_ _2b\"></span>et requirement<span class=\"_ _0\"></span>s, the inter<span class=\"_ _2b\"></span>est rate</div>\n<div class=\"t m0 x7 h4f y7b7 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">benchma<span class=\"_ _0\"></span>rks that a<span class=\"_ _0\"></span>re used as ref<span class=\"_ _0\"></span>erence rat<span class=\"_ _2b\"></span>es in the financial ma<span class=\"_ _2b\"></span>rket to</div>\n<div class=\"t m0 x7 h4f y7b8 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ne interest rates an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>pay<span class=\"_ _0\"></span>ment oblig<span class=\"_ _0\"></span>ations, a<span class=\"_ _2b\"></span>re undergoing in<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y7b9 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">depth ref<span class=\"_ _0\"></span>orms and tra<span class=\"_ _2b\"></span>nsitions. As a resul<span class=\"_ _0\"></span>t of this ref<span class=\"_ _0\"></span>o<span class=\"ls104 ws116\">rm, some </span></div>\n<div class=\"t m0 x7 h4f y7ba ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">benchma<span class=\"_ _0\"></span>rks such as<span class=\"_ _0\"></span>\u00a0Eonia and Li<span class=\"_ _2b\"></span>bor are to be disconti<span class=\"_ _0\"></span>nued and</div>\n<div class=\"t m0 x7 h4f y7bb ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">replaced b<span class=\"_ _2\"></span>y new interest ra<span class=\"_ _2\"></span>te benchmarks.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7bc ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7bd ff58 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">These<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0c<span class=\"lse2 wsf1\">onsolidated <span class=\"_ _2\"></span></span>f<span class=\"lse2 wsf1\">inancial </span>s<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">tate<span class=\"_ _0\"></span>ments on 3<span class=\"_ _0\"></span>1 December 2<span class=\"_ _0\"></span>022 inclu<span class=\"_ _0\"></span>de </span></span></div>\n<div class=\"t m0 x7 h4f y7be ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a notion<span class=\"_ _0\"></span>al amou<span class=\"_ _0\"></span>nt of he<span class=\"_ _0\"></span>dging re<span class=\"_ _0\"></span>lations<span class=\"_ _0\"></span>hips link<span class=\"_ _2b\"></span>ed to the EURI<span class=\"_ _0\"></span>BOR for</div>\n<div class=\"t m0 x7 h4f y7bf ff58 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR <span class=\"ls0 ws0\">6<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">32 <span class=\"lse0 wsf0\">million a<span class=\"_ _0\"></span>nd a princip<span class=\"_ _2b\"></span>al amount of subord<span class=\"_ _2b\"></span>inated liabiliti<span class=\"_ _2b\"></span>es with a </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c0 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">floatin<span class=\"_ _0\"></span>g coupo<span class=\"_ _0\"></span>n rate li<span class=\"_ _0\"></span>nked to t<span class=\"_ _0\"></span>he EURI<span class=\"_ _0\"></span>BOR for <span class=\"_ _0\"></span>EUR <span class=\"lse2 wsf1\">210<span class=\"ls0 ws0\">\u00a0<span class=\"ls102 ws11d\">million.</span>\u00a0<span class=\"_ _2\"></span><span class=\"ls105 ws120\">The </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c1 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EURIB<span class=\"_ _0\"></span>OR has been suc<span class=\"_ _0\"></span>cessfu<span class=\"_ _0\"></span>lly refo<span class=\"_ _0\"></span>rmed to a hyb<span class=\"_ _0\"></span>rid method<span class=\"_ _0\"></span>ology in</div>\n<div class=\"t m0 x7 h4f y7c2 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2019 and is ex<span class=\"_ _2b\"></span>pected to remain in<span class=\"_ _0\"></span>\u00a0place for th<span class=\"_ _0\"></span>e fores<span class=\"wsfa\">e<span class=\"_ _0\"></span>eable f<span class=\"_ _0\"></span>uture. </span></div>\n<div class=\"t m0 x7 h4f y7c3 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Therefo<span class=\"_ _2b\"></span>re, the two ame<span class=\"_ _0\"></span>ndments<span class=\"_ _0\"></span>\u00a0to IFRS <span class=\"_ _0\"></span>9, IAS <span class=\"_ _0\"></span>39, IFRS <span class=\"_ _0\"></span>7, IFRS 4 <span class=\"_ _2b\"></span>and</div>\n<div class=\"t m0 x7 h4f y7c4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 16 <span class=\"_ _0\"></span>\u2018Interes<span class=\"_ _0\"></span>t Rate B<span class=\"_ _0\"></span>enchma<span class=\"_ _0\"></span>rk Refor<span class=\"_ _0\"></span>m\u2019 issu<span class=\"_ _0\"></span>ed by the <span class=\"_ _2b\"></span>IASB in</div>\n<div class=\"t m0 x7 h4f y7c5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Septemb<span class=\"_ _2b\"></span>er 2019 and in August 2<span class=\"_ _0\"></span>020 had no impac<span class=\"_ _0\"></span>t on the pres<span class=\"_ _2b\"></span>ent</div>\n<div class=\"t m0 x7 h4f y7c6 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidated s<span class=\"_ _2\"></span>tatement of financial po<span class=\"_ _2\"></span>sition an<span class=\"lse0 wsfa\">d inco<span class=\"_ _0\"></span>me statem<span class=\"_ _2b\"></span>ent of </span></div>\n<div class=\"t m0 x7 h4f y7c7 ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7c8 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7c9 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas continue<span class=\"_ _2\"></span>s to monitor the developments<span class=\"_ _2\"></span>\u00a0regarding the interest ra<span class=\"_ _2\"></span>te</div>\n<div class=\"t m0 x7 h4f y7ca ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">benchmark re<span class=\"_ _2\"></span>form<span class=\"lsfc ws121\">. B<span class=\"lse0 wsf0\">ecause th<span class=\"_ _2b\"></span>e EURIBOR may be disc<span class=\"_ _2b\"></span>ontinued one </span></span></div>\n<div class=\"t m0 x7 h4f y7cb ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">day, claus<span class=\"_ _2b\"></span>es are introduce<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>in new<span class=\"_ _0\"></span>\u00a0contract<span class=\"_ _0\"></span>s to ensure t<span class=\"_ _0\"></span>he continu<span class=\"_ _2b\"></span>ity of</div>\n<div class=\"t m0 x7 h4f y7cc ff58 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">those contracts in <span class=\"lse2 ws103\">case of dis<span class=\"_ _2\"></span>continuation of the EURIBOR.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y7cd ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7ce ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on to the ame<span class=\"_ _0\"></span>ndments<span class=\"_ _0\"></span>\u00a0above, fol<span class=\"_ _0\"></span>lowing n<span class=\"_ _0\"></span>ew or revise<span class=\"_ _0\"></span>d IFRS</div>\n<div class=\"t m0 x1a h4f y7cf ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">standards, <span class=\"_ _2\"></span>interpretations, and<span class=\"_ _2\"></span>\u00a0amendments became ef<span class=\"_ _2\"></span>fective for annual<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y7d0 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>ods start<span class=\"_ _2b\"></span>ing on 1 Janua<span class=\"_ _0\"></span>ry 2022 <span class=\"_ _0\"></span>or later.<span class=\"_ _0\"></span>\u00a0None of<span class=\"_ _0\"></span>\u00a0those</div>\n<div class=\"t m0 x1a h4f y7d1 ff58 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>en<span class=\"wsf0\">ts had a<span class=\"_ _0\"></span>\u00a0significa<span class=\"_ _0\"></span>nt impact on t<span class=\"_ _0\"></span>he prese<span class=\"_ _0\"></span>nt consol<span class=\"_ _0\"></span>idated </span></div>\n<div class=\"t m0 x1a h4f y7d2 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition and i<span class=\"_ _0\"></span>ncome stat<span class=\"_ _2b\"></span>ement of Ageas:<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d3 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 16 \u2018Prop<span class=\"_ _0\"></span>erty, pla<span class=\"_ _2b\"></span>nt and equipment <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsf1\">proceeds </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y7d4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">before i<span class=\"_ _0\"></span>ntende<span class=\"_ _2b\"></span>d use\u2019;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d5 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 37 <span class=\"_ _0\"></span>\u2018Onerou<span class=\"_ _2b\"></span>s contracts <span class=\"ls0 ws0\">\u2013 <span class=\"lsf4 ws114\">cost of fu<span class=\"ls106 ws10c\">lfilling a </span></span></span></span></span></div>\n<div class=\"t m0 x6c h4f y7d6 ff58 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">contract\u2019;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d7 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IFRS 3 <span class=\"_ _0\"></span>\u2018Refere<span class=\"_ _0\"></span>nces to t<span class=\"_ _2b\"></span>he Conceptual F<span class=\"_ _2b\"></span>ramework\u2019; </span></span></div>\n<div class=\"t m0 x6c h4f y7d8 ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d9 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse2 ws103\">An<span class=\"_ _2\"></span>nual improvements to IFRS sta<span class=\"_ _2\"></span>ndards (2018</span><span class=\"ff58\">-<span class=\"lse2 ws103\">2020 cycl<span class=\"_ _2\"></span>e): </span></span></span></div>\n<div class=\"t m0 x6c h4f y7da ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to IFRS 1 \u2018<span class=\"_ _0\"></span>First<span class=\"ls0 ws0\">-</span>time ad<span class=\"_ _2b\"></span>option of IFRS stand<span class=\"_ _0\"></span>ards\u2019<span class=\"lsf4 ws10c\">, </span></div>\n<div class=\"t m0 x6c h4f y7db ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to IFRS 9 \u2018<span class=\"_ _0\"></span>Financ<span class=\"_ _0\"></span>ial instru<span class=\"_ _0\"></span>ments\u2019, a<span class=\"_ _2b\"></span>m<span class=\"lse2 ws103\">end<span class=\"_ _2\"></span>ments to </span></div>\n<div class=\"t m0 x6c h4f y7dc ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">illustrativ<span class=\"_ _2\"></span>e examples accompanying IFRS 16 \u2018Lea<span class=\"_ _2\"></span>ses\u2019 and</div>\n<div class=\"t m0 x6c h4f y7dd ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to IAS 41 \u2018<span class=\"_ _0\"></span>Agricult<span class=\"_ _2b\"></span>ure\u2019.<span class=\"ls0 ws0\">\u00a0</span></div>\n\n<div class=\"t m0 x1a h4f y7de ff58 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.2.2<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1ef\">\u00a0</span><span class=\"lse2 ws103\">Up<span class=\"_ _2\"></span>coming changes in IFRS <span class=\"wsf1\">Standards</span></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7df ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The follo<span class=\"_ _0\"></span>wing new or r<span class=\"_ _0\"></span>evised IFR<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>stan<span class=\"_ _2b\"></span>dards, interpret<span class=\"_ _2b\"></span>ations, and</div>\n<div class=\"t m0 x1a h4f y7e0 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">amendments <span class=\"_ _2\"></span>to IFRS standards an<span class=\"_ _2\"></span>d <span class=\"lse0 wsf0\">inter<span class=\"_ _0\"></span>pretat<span class=\"_ _0\"></span>ions will be<span class=\"_ _0\"></span>come </span></div>\n<div class=\"t m0 x1a h4f y7e1 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve for an<span class=\"_ _2b\"></span>nual reportin<span class=\"_ _2b\"></span>g periods start<span class=\"_ _0\"></span>ing on 1 J<span class=\"_ _2b\"></span>anuary 2023 or <span class=\"_ _0\"></span>later.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7e2 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7e3 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas h<span class=\"_ _0\"></span>as not ea<span class=\"_ _2b\"></span>rly adopted any I<span class=\"_ _2b\"></span>FRS standard,<span class=\"_ _2b\"></span>\u00a0interpretati<span class=\"_ _2b\"></span>on or</div>\n<div class=\"t m0 x1a h4f y7e4 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ent that has<span class=\"_ _0\"></span>\u00a0been issue<span class=\"_ _0\"></span>d by the IASB b<span class=\"_ _0\"></span>ut that is not<span class=\"_ _0\"></span>\u00a0yet</div>\n<div class=\"t m0 x1a h4f y7e5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve or has not<span class=\"_ _0\"></span>\u00a0ye<span class=\"lse2 wsfa\">t been endor<span class=\"_ _2\"></span>sed by the EU.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y7e6 ff58 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">A.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse2 wsfa\">Extension<span class=\"_ _2\"></span>\u00a0of the temporar<span class=\"_ _2\"></span>y exemption from a<span class=\"_ _2\"></span>pplying IFRS 9</span>\u00a0\u2013<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x1e6 h4f y7e7 ff58 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Amendments to IFR<span class=\"_ _2\"></span>S 4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7e8 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The IASB iss<span class=\"_ _2b\"></span>ued IFRS 9 \u2018Financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments\u2019 i<span class=\"_ _0\"></span>n July 2014 an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e EU</div>\n<div class=\"t m0 x1a h4f y7e9 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">endors<span class=\"_ _0\"></span>ed IFRS <span class=\"_ _0\"></span>9 in Novem<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>16. Alth<span class=\"_ _2b\"></span>ough IFRS 9 app<span class=\"_ _0\"></span>lies for <span class=\"_ _2b\"></span>annual</div>\n<div class=\"t m0 x1a h4f y7ea ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">repor<span class=\"ws103\">ting period<span class=\"_ _2\"></span>s <span class=\"lse0 wsef\">start<span class=\"_ _2b\"></span>ing<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">on or after 1 January 2<span class=\"_ _2b\"></span>018, Ageas conti<span class=\"_ _0\"></span>nue<span class=\"ls0 ws0\">s </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y7eb ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to apply IA<span class=\"_ _0\"></span>S 39 \u2018Financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsfa\">recognition<span class=\"_ _2\"></span>\u00a0and measurement\u2019<span class=\"lsf4 ws10c\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y7ec ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas will appl<span class=\"_ _2\"></span>y IFRS 9 for the first time as<span class=\"_ _2\"></span>\u00a0from 1 January 2023<span class=\"lse0 wsfa\">. The </span></div>\n<div class=\"t m0 x1a h4f y7ed ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reasons behind<span class=\"_ _2\"></span>\u00a0this derogation are explained<span class=\"_ _2\"></span>\u00a0bel<span class=\"lse0 wsef\">ow<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f y7ee ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7ef ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas co<span class=\"_ _2b\"></span>ntinues to app<span class=\"_ _2b\"></span>ly IAS 39 beca<span class=\"_ _0\"></span>use it is <span class=\"_ _0\"></span>permitt<span class=\"_ _0\"></span>ed to do s<span class=\"_ _2b\"></span>o by</div>\n<div class=\"t m0 x1a h4f y7f0 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to I<span class=\"_ _0\"></span>FRS 4. T<span class=\"_ _0\"></span>he IAS<span class=\"_ _0\"></span>B initiall<span class=\"_ _2b\"></span>y issued amend<span class=\"_ _0\"></span>ments i<span class=\"_ _0\"></span>n this</div>\n<div class=\"t m0 x1a h4f y7f1 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect i<span class=\"_ _0\"></span>n Septembe<span class=\"_ _2b\"></span>r 2016 (which have be<span class=\"_ _0\"></span>en endors<span class=\"_ _0\"></span>ed by the EU in</div>\n<div class=\"t m0 x1a h4f y7f2 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">November 2017<span class=\"_ _2\"></span>) and re<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">confirmed <span class=\"wsf0\">in Ju<span class=\"_ _0\"></span>ne 2020 <span class=\"lsfc ws121\">that i<span class=\"lse2 ws103\">nsu<span class=\"_ _2\"></span>rers can apply </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y7f3 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">both IFRS 9 \u2018F<span class=\"_ _0\"></span>inancia<span class=\"_ _0\"></span>l instru<span class=\"_ _0\"></span>ments\u2019 a<span class=\"_ _0\"></span>nd IFRS 17 \u2018Ins<span class=\"_ _2b\"></span>urance contracts<span class=\"_ _2b\"></span>\u2019</div>\n<div class=\"t m0 x1a h4f y7f4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">togeth<span class=\"_ _0\"></span>er for the f<span class=\"_ _2b\"></span>irst time by i<span class=\"_ _0\"></span>ssuing a<span class=\"_ _2b\"></span>mendments to IF<span class=\"_ _2b\"></span>RS 4 \u2018Extens<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y7f5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the tempo<span class=\"_ _2b\"></span>rary exemption fr<span class=\"_ _0\"></span>om applyi<span class=\"_ _0\"></span>ng IFRS 9\u2019. Th<span class=\"_ _2b\"></span>e EU endorsed</div>\n<div class=\"t m0 x1a h4f y7f6 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">these amend<span class=\"_ _2\"></span>ments in December 20<span class=\"_ _2\"></span><span class=\"wsf1\">20.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y7f7 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7f8 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The ame<span class=\"_ _0\"></span>ndments<span class=\"_ _0\"></span>\u00a0to IFR<span class=\"_ _0\"></span>S 4 fores<span class=\"_ _0\"></span>ee in tw<span class=\"_ _0\"></span>o optio<span class=\"_ _2b\"></span>ns to minimise t<span class=\"_ _2b\"></span>he effect</div>\n<div class=\"t m0 x1a h4f y7f9 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the d<span class=\"_ _0\"></span>ifferent<span class=\"_ _0\"></span>\u00a0effect<span class=\"_ _0\"></span>ive dat<span class=\"_ _0\"></span>es of IFR<span class=\"_ _2b\"></span>S 9 (2018) and I<span class=\"_ _0\"></span>FRS 17 (<span class=\"_ _0\"></span>2023).</div>\n<div class=\"t m0 x1a h4f y7fa ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These opt<span class=\"_ _2b\"></span>ions are the \u2018<span class=\"_ _0\"></span>overlay<span class=\"_ _0\"></span>\u00a0approa<span class=\"_ _0\"></span>ch\u2019 and t<span class=\"_ _0\"></span>he \u2018tem<span class=\"_ _0\"></span>porary e<span class=\"_ _0\"></span>xempti<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x1a h4f y7fb ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from apply<span class=\"_ _2\"></span>ing IFRS 9\u2019.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 503px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 503px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 283px; height: 823px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 283px; height: 823px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 283px; height: 823px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The temp<span class=\"_ _0\"></span>orary exe<span class=\"_ _0\"></span>mption fr<span class=\"_ _0\"></span>om applyi<span class=\"_ _2b\"></span>ng IFRS 9 is an optional<span class=\"_ _0\"></span>\u00a0tempora<span class=\"_ _0\"></span>ry</div>\n<div class=\"t m0 x7 h4f y803 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exempt<span class=\"_ _0\"></span>ion from apply<span class=\"_ _2b\"></span>ing IFRS 9 no later th<span class=\"_ _0\"></span>an report<span class=\"_ _0\"></span>ing period<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>arting</div>\n<div class=\"t m0 x7 h4f y804 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on or after 1 Ja<span class=\"_ _0\"></span>nuary 202<span class=\"_ _0\"></span>3, for entit<span class=\"_ _0\"></span>ies whos<span class=\"_ _0\"></span>e activit<span class=\"_ _0\"></span>ies are</div>\n<div class=\"t m0 x7 h4f y805 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">predom<span class=\"_ _0\"></span>inantly c<span class=\"_ _0\"></span>onnected w<span class=\"_ _0\"></span>ith issui<span class=\"_ _0\"></span>ng contr<span class=\"_ _0\"></span>acts that a<span class=\"_ _0\"></span>re in the scop<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x7 h4f y806 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 4 \u2018Ins<span class=\"_ _0\"></span>urance co<span class=\"_ _2b\"></span>ntracts\u2019. Ageas p<span class=\"_ _0\"></span>erforme<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>suc<span class=\"_ _0\"></span>h a predomi<span class=\"_ _0\"></span>nance</div>\n<div class=\"t m0 x7 h4f y807 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">analysi<span class=\"_ _0\"></span>s at the refere<span class=\"_ _2b\"></span>nce date of 31 Decemb<span class=\"_ _2b\"></span>er 2015 and conclud<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y808 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">it was el<span class=\"_ _0\"></span>igible t<span class=\"_ _2b\"></span>o apply the tem<span class=\"_ _0\"></span>porary ex<span class=\"_ _2b\"></span>emption<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">from apply<span class=\"_ _0\"></span>ing IFRS 9. </span></div>\n<div class=\"t m0 x7 h4f y809 ff5f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80a ff61 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff62\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff5f lse0 wsf0\">The carrying amou<span class=\"_ _2b\"></span>nt of <span class=\"lse2 wsf1\">Agea<span class=\"_ _2\"></span>s's <span class=\"ws103\">liabilities ar<span class=\"_ _2\"></span>ising from contracts </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y80b ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">within t<span class=\"_ _0\"></span>he scop<span class=\"_ _0\"></span>e of IFR<span class=\"_ _0\"></span>S 4 was s<span class=\"_ _0\"></span>ignifica<span class=\"_ _2b\"></span>nt compared t<span class=\"_ _0\"></span>o the tot<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x43 h4f y80c ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nt of all the liabilit<span class=\"_ _0\"></span>ies of Ageas<span class=\"_ _0\"></span><span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80d ff61 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff62\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff5f lse0 wsf0\">The percentage of<span class=\"_ _0\"></span>\u00a0the total c<span class=\"_ _0\"></span>arrying a<span class=\"_ _0\"></span>mount of <span class=\"lse2 wsf1\">Ageas's <span class=\"ls106 ws124\">liabilitie<span class=\"_ _0\"></span>s </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y80e ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">connect<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>h insura<span class=\"_ _0\"></span>nce rela<span class=\"_ _0\"></span>tive to t<span class=\"_ _2b\"></span>he total carry<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt of all<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x43 h4f y80f ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the liabil<span class=\"_ _2b\"></span>ities of Ageas was g<span class=\"_ _0\"></span>reater than 9<span class=\"_ _2b\"></span>0 per cent.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y810 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y811 ff5f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">No reassessm<span class=\"_ _2\"></span>ent of this predo<span class=\"_ _2\"></span>minance analysis h<span class=\"_ _2\"></span>as been performe<span class=\"lse0 wsf0\">d at </span></div>\n<div class=\"t m0 x1a h4f y812 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a subseq<span class=\"_ _2b\"></span>uent date, bec<span class=\"_ _0\"></span>ause th<span class=\"_ _2b\"></span>ere were no subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>al changes<span class=\"_ _0\"></span>\u00a0in the</div>\n<div class=\"t m0 x1a h4f y813 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span>\u00a0of Ageas tha<span class=\"_ _0\"></span>t would re<span class=\"_ _0\"></span>quire suc<span class=\"_ _0\"></span>h a reassess<span class=\"_ _2b\"></span>ment.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y814 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y815 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Because <span class=\"_ _0\"></span>Ageas is<span class=\"_ _0\"></span>\u00a0eligibl<span class=\"_ _2b\"></span>e to apply the t<span class=\"_ _2b\"></span>emporary exem<span class=\"_ _2b\"></span>ption from</div>\n<div class=\"t m0 x1a h4f y816 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g IFRS 9,<span class=\"_ _2b\"></span>\u00a0Ageas decide<span class=\"_ _0\"></span>d to do so <span class=\"_ _0\"></span>and deci<span class=\"_ _0\"></span>ded to al<span class=\"_ _0\"></span>ign<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">the </span></span></div>\n<div class=\"t m0 x1a h4f y817 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve dates<span class=\"_ _0\"></span>\u00a0of IFR<span class=\"_ _2b\"></span>S 9 and IFRS 17. T<span class=\"_ _2b\"></span>o make the <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsol<span class=\"_ _0\"></span>idate </span></div>\n<div class=\"t m0 x1a h4f y818 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">f<span class=\"lse2 wsf1\">inancial<span class=\"_ _2\"></span>\u00a0</span>s<span class=\"lse0 wsfa\">tateme<span class=\"_ _0\"></span>nts of A<span class=\"_ _0\"></span>geas mor<span class=\"_ _0\"></span>e compar<span class=\"_ _0\"></span>able to t<span class=\"_ _2b\"></span>hose of comp<span class=\"_ _0\"></span>anies </span></div>\n<div class=\"t m0 x1a h4f y819 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that alr<span class=\"_ _0\"></span>eady ap<span class=\"_ _0\"></span>ply IFR<span class=\"_ _0\"></span>S 9, Age<span class=\"_ _0\"></span>as discl<span class=\"_ _0\"></span>oses the f<span class=\"_ _2b\"></span>ollowing info<span class=\"_ _2b\"></span>rmation on</div>\n<div class=\"t m0 x1a h4f y81a ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue and c<span class=\"_ _0\"></span>redit ris<span class=\"_ _2b\"></span>k exposure of i<span class=\"_ _0\"></span>ts cons<span class=\"_ _0\"></span>o<span class=\"wsf0\">lidate<span class=\"_ _2b\"></span>d entities.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y81b ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81c ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81d ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81e ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y81f ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xa3 h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 311px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xbf h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 398px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xbf h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 559px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x144 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 333px; bottom: 830px; z-index: 15;\">Fair Value at 31 De<span class=\"_ _0\"></span>cember 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x144 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 494px; bottom: 830px; z-index: 15;\">Fair Value at 31 De<span class=\"_ _0\"></span>cember 2021<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5ff ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 683px; bottom: 844px; z-index: 15;\">Amount of change<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 681px; bottom: 830px; z-index: 15;\">in fair value in 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 830px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xa3 h52 y603 ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 311px; bottom: 814px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 799px; z-index: 15;\">Fair value of financial <span class=\"_ _0\"></span>assets (in Euro million)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 360px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 355px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 426px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 436px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 521px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 516px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 586px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 596px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 681px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 676px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 747px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 757px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 635px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 769px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 371px; bottom: 769px; z-index: 15;\">1,125<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x24 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 769px; z-index: 15;\">27<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 532px; bottom: 769px; z-index: 15;\">1,900<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 624px; bottom: 769px; z-index: 15;\">38<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 769px; z-index: 15;\">(775)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 769px; z-index: 15;\">(11)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 754px; z-index: 15;\">Debt securities, incl. structured <span class=\"_ _2b\"></span>notes<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 754px; z-index: 15;\">42,685<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x24 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 754px; z-index: 15;\">21<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 528px; bottom: 754px; z-index: 15;\">55,905<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 619px; bottom: 754px; z-index: 15;\">127<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 681px; bottom: 754px; z-index: 15;\">(13,220)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 754px; z-index: 15;\">(106)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 739px; z-index: 15;\">Equity securities and <span class=\"lsec ws100\">other inves<span class=\"_ _2\"></span>tments<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 739px; z-index: 15;\">4,213<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 739px; z-index: 15;\">5,669<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 739px; z-index: 15;\">(1,456)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 724px; z-index: 15;\">Derivatives held for tra<span class=\"_ _0\"></span>ding<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 724px; z-index: 15;\">126<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 724px; z-index: 15;\">6</div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15e h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 724px; z-index: 15;\">120<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 709px; z-index: 15;\">Derivatives for hedging purpose<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 709px; z-index: 15;\">110<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 624px; bottom: 709px; z-index: 15;\">34<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x24 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 709px; z-index: 15;\">76<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 694px; z-index: 15;\">Loans<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 366px; bottom: 694px; z-index: 15;\">13,391<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 694px; z-index: 15;\">293<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 694px; z-index: 15;\">15,155<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 619px; bottom: 694px; z-index: 15;\">297<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 694px; z-index: 15;\">(1,764)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 694px; z-index: 15;\">(4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff5f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 680px; z-index: 15;\">Investments related to unit linked<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 680px; z-index: 15;\">15,795<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 680px; z-index: 15;\">18,899<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 680px; z-index: 15;\">(3,104)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 665px; z-index: 15;\">Other receivables <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 378px; bottom: 665px; z-index: 15;\">678<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f7 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 665px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 665px; z-index: 15;\">802<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f7 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 635px; bottom: 665px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x160 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 665px; z-index: 15;\">(124)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 654px; height: 452px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 654px; height: 452px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 654px; height: 452px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 654px; height: 452px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1f4 h52 y647 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 491px; bottom: 1081px; z-index: 15;\">Loss allowance is measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y647 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1081px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x52 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 477px; bottom: 1065px; z-index: 15;\">At an amount equal to lifetime ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 1050px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">IAS 39 for financial a<span class=\"_ _0\"></span>ssets that<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">meet the SPPI test as per <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f8 h52 y605 ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 337px; bottom: 1020px; z-index: 15;\">At an am<span class=\"_ _2\"></span>ount<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 342px; bottom: 1005px; z-index: 15;\">equal to 12<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x11d h52 y638 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 345px; bottom: 990px; z-index: 15;\">month ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y601 ff63 fs3c fc1f sc0 lsef ws10a\" style=\"left: 444px; bottom: 1050px; z-index: 15;\">Sign<span class=\"_ _2\"></span>ificantly<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 453px; bottom: 1035px; z-index: 15;\">increased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19f h52 y605 ff63 fs3c fc1f sc0 lse5 ws10a\" style=\"left: 429px; bottom: 1020px; z-index: 15;\">credit risk sin<span class=\"_ _0\"></span>ce<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 409px; bottom: 1005px; z-index: 15;\">initial recognition but<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 417px; bottom: 990px; z-index: 15;\">not credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x143 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 1050px; z-index: 15;\">Credit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">impaired at the <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x9 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 539px; bottom: 1035px; z-index: 15;\">reporting date<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 522px; bottom: 1020px; z-index: 15;\">but not purchased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 545px; bottom: 1005px; z-index: 15;\">or originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 990px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 1050px; z-index: 15;\">Trade &amp; other <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11e h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 1035px; z-index: 15;\">receivables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 656px; bottom: 1020px; z-index: 15;\">measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 640px; bottom: 1005px; z-index: 15;\">in accordance<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y638 ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 617px; bottom: 990px; z-index: 15;\">with IF<span class=\"_ _2\"></span>RS 9 \u00a75.5.<span class=\"_ _2\"></span>15<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 744px; bottom: 1035px; z-index: 15;\">Purchased or<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x161 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 756px; bottom: 1020px; z-index: 15;\">originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 737px; bottom: 1005px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 735px; bottom: 990px; z-index: 15;\">financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 960px; z-index: 15;\">AAA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 960px; z-index: 15;\">5,769<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff63 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 945px; z-index: 15;\">AA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 945px; z-index: 15;\">23,022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\">A</div>\n<div class=\"t m0 x9 h52 y5f9 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 930px; z-index: 15;\">10,921<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 915px; z-index: 15;\">BBB<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 915px; z-index: 15;\">11,865<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f9 ff65 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment gra<span class=\"_ _2b\"></span>de<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y5f9 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 900px; z-index: 15;\">51,577<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 885px; z-index: 15;\">347<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 885px; z-index: 15;\">66<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 885px; z-index: 15;\">20<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1d h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 885px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 885px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Unrated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 871px; z-index: 15;\">6,515<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x45 h52 y5fc ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 487px; bottom: 871px; z-index: 15;\">6</div>\n<div class=\"t m0 x43 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 871px; z-index: 15;\">16<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 871px; z-index: 15;\">730<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 871px; z-index: 15;\">19<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f7 ff65 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 856px; z-index: 15;\">58,439<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 856px; z-index: 15;\">72<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 856px; z-index: 15;\">36<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 856px; z-index: 15;\">730<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 856px; z-index: 15;\">19<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y83f ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y840 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 491px; bottom: 809px; z-index: 15;\">Loss allowance is measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x52 h52 y5f7 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 477px; bottom: 793px; z-index: 15;\">At an amount equal to lifetime ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 763px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 748px; z-index: 15;\">IAS 39 for financial a<span class=\"_ _0\"></span>ssets that<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 733px; z-index: 15;\">meet the SPPI test as per <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 718px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x2f h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 763px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f8 h52 y5ff ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 337px; bottom: 748px; z-index: 15;\">At an am<span class=\"_ _2\"></span>ount<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 342px; bottom: 733px; z-index: 15;\">equal to 12<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x11d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 345px; bottom: 718px; z-index: 15;\">month ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5ff ff63 fs3c fc1f sc0 lsef ws10a\" style=\"left: 444px; bottom: 777px; z-index: 15;\">Sign<span class=\"_ _2\"></span>ificantly<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 453px; bottom: 763px; z-index: 15;\">increased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19f h52 y5ff ff63 fs3c fc1f sc0 lse5 ws10a\" style=\"left: 429px; bottom: 748px; z-index: 15;\">credit risk sin<span class=\"_ _0\"></span>ce<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 409px; bottom: 733px; z-index: 15;\">initial recognition but<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 417px; bottom: 718px; z-index: 15;\">not credit<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">impaired<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x143 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 777px; z-index: 15;\">Credit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">impaired at the <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x9 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 539px; bottom: 763px; z-index: 15;\">reporting date<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11d h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 522px; bottom: 748px; z-index: 15;\">but not purchased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 545px; bottom: 733px; z-index: 15;\">or originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 718px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 777px; z-index: 15;\">Trade &amp; other <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11e h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 763px; z-index: 15;\">receivables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 656px; bottom: 748px; z-index: 15;\">measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 640px; bottom: 733px; z-index: 15;\">in accordance<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y603 ff63 fs3c fc1f sc0 ls109 ws125\" style=\"left: 617px; bottom: 718px; z-index: 15;\">with IFRS 9 <span class=\"lsec wsfe\">\u00a75.5.<span class=\"_ _2\"></span>15<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1f4 h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 744px; bottom: 763px; z-index: 15;\">Purchased or<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x161 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 756px; bottom: 748px; z-index: 15;\">originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 737px; bottom: 733px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 735px; bottom: 718px; z-index: 15;\">financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 688px; z-index: 15;\">AAA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y603 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 688px; z-index: 15;\">5,289<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 673px; z-index: 15;\">AA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 673px; z-index: 15;\">30,991<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 658px; z-index: 15;\">A</div>\n<div class=\"t m0 x9 h52 y5f4 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 658px; z-index: 15;\">13,749<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 643px; z-index: 15;\">BBB<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 643px; z-index: 15;\">14,565<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y60e ff65 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 628px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment gra<span class=\"_ _2b\"></span>de<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y60e ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 628px; z-index: 15;\">64,594<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y70b ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 613px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 613px; z-index: 15;\">296<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 613px; z-index: 15;\">78<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 613px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1d h52 y70b ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 613px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y70b ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 613px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 598px; z-index: 15;\">Unrated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 598px; z-index: 15;\">4,832<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x45 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 487px; bottom: 598px; z-index: 15;\">4</div>\n<div class=\"t m0 x43 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 598px; z-index: 15;\">18<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 598px; z-index: 15;\">952<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 598px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y656 ff65 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 584px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 584px; z-index: 15;\">69,722<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 584px; z-index: 15;\">82<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 584px; z-index: 15;\">44<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 584px; z-index: 15;\">952<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 584px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y851 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y852 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 536px; z-index: 15;\">Gross carrying amount applying IAS 39 and fair value for financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 522px; z-index: 15;\">that meet the SPPI te<span class=\"_ _0\"></span>st and that do not<span class=\"_ _0\"></span>\u00a0have a low credi<span class=\"_ _0\"></span>t risk as per 31 De<span class=\"_ _0\"></span>cember 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 506px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xe8 h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 506px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 491px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying IAS 39<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1fa h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 491px; z-index: 15;\">1,428<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 476px; z-index: 15;\">Fair value <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1fa h52 y601 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 476px; z-index: 15;\">1,401<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 462px; z-index: 15;\">Difference<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x13d h54 y5ff ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 462px; z-index: 15;\">27<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y859 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y85a ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y85b ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 28 \u2018Inv<span class=\"_ _0\"></span>estment<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>in ass<span class=\"_ _0\"></span>ociates<span class=\"_ _0\"></span>\u00a0and joint v<span class=\"_ _0\"></span>entures\u2019 r<span class=\"_ _2b\"></span>equires an entity</div>\n<div class=\"t m0 x7 h4f y85c ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">to apply uniform<span class=\"_ _2\"></span>\u00a0accounting policies when<span class=\"_ _2\"></span>\u00a0using the equity method.</div>\n<div class=\"t m0 x7 h4f y85d ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas has tempora<span class=\"_ _2\"></span>rily derogated from thi<span class=\"_ _2\"></span>s rule for its associate</div>\n<div class=\"t m0 x7 h4f y85e ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Maybank Agea<span class=\"_ _2\"></span>s Holdings Berhad. <span class=\"_ _2\"></span>This associate appl<span class=\"_ _2\"></span>i<span class=\"lse0\">es I<span class=\"_ _0\"></span>FRS 9 s<span class=\"_ _0\"></span>ince </span></div>\n<div class=\"t m0 x7 h4f y85f ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">2018, while Agea<span class=\"_ _2\"></span>s applied the temporary exemp<span class=\"_ _2\"></span>tion from applying IFRS</div>\n<div class=\"t m0 x7 h4f y860 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">9 over t<span class=\"_ _0\"></span>he same <span class=\"_ _0\"></span>reportin<span class=\"_ _0\"></span>g periods<span class=\"_ _2b\"></span>. This derogat<span class=\"_ _2b\"></span>ion from apply<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x7 h4f y861 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">uniform <span class=\"_ _2b\"></span>accounting pol<span class=\"_ _2b\"></span>icies is permitt<span class=\"_ _2b\"></span>ed by paragrap<span class=\"_ _2b\"></span>h 39I of the</div>\n<div class=\"t m0 x7 h4f y862 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to I<span class=\"_ _0\"></span>FRS 4 o<span class=\"_ _0\"></span>n \u2018Extens<span class=\"_ _0\"></span>ion of t<span class=\"_ _2b\"></span>he<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span><span class=\"lse2\">temporary exemption<span class=\"_ _2\"></span>\u00a0from </span></div>\n<div class=\"t m0 x7 h4f y863 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g IFRS 9<span class=\"_ _0\"></span>\u2019. The fi<span class=\"_ _0\"></span>nancial s<span class=\"_ _2b\"></span>tatements of<span class=\"_ _0\"></span>\u00a0Maybank<span class=\"_ _0\"></span>\u00a0Ageas H<span class=\"_ _2b\"></span>oldings</div>\n<div class=\"t m0 x7 h4f y864 ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Berhad ca<span class=\"_ _0\"></span>n be found on f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g website: <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y865 ff63 fs3a fc10 sc0 ls0 ws0\" style=\"z-index: 15;\">(<span class=\"lsf4 ws10c\">https://myetiqa.com/who</span>-<span class=\"ls104 ws126\">we</span>-<span class=\"lse0 wsef\">are/financia<span class=\"_ _0\"></span>l<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">statement<span class=\"_ _2\"></span><span class=\"lse1 wsf0\">s/</span></span>)<span class=\"fc14\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y877 ff63 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">B.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse0 wsf0\">IFRS 9 \u2018Financ<span class=\"_ _2b\"></span>ial <span class=\"wsef\">instrument<span class=\"_ _0\"></span>s\u2019<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 y878 ff66 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Present<span class=\"_ _2b\"></span>ation of compa<span class=\"_ _0\"></span>rative inf<span class=\"_ _2b\"></span>ormation <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y879 ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas will<span class=\"_ _2\"></span>\u00a0apply both IFRS<span class=\"_ _2\"></span>\u00a09 \u2018Financial ins<span class=\"_ _2\"></span>truments\u2019 and IFRS 1<span class=\"_ _2\"></span>7</div>\n<div class=\"t m0 x1a h4f y87a ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">\u2018Insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>racts\u2019 (see b<span class=\"_ _0\"></span>elow) for<span class=\"_ _2b\"></span>\u00a0the first tim<span class=\"_ _0\"></span>e as from<span class=\"_ _0\"></span>\u00a0the ann<span class=\"_ _0\"></span>ual</div>\n<div class=\"t m0 x1a h4f y87b ff63 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">repo<span class=\"lse0 wsfa\">rting peri<span class=\"_ _2b\"></span>od starting on <span class=\"_ _0\"></span>1 Januar<span class=\"_ _0\"></span>y 2023.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y87c ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y87d ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 req<span class=\"_ _0\"></span>uires an ent<span class=\"_ _2b\"></span>ity to restate info<span class=\"_ _0\"></span>rmation i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>res<span class=\"_ _0\"></span>pect of the ann<span class=\"_ _2b\"></span>ual</div>\n<div class=\"t m0 x1a h4f y87e ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting period<span class=\"_ _2\"></span>\u00a02022 in its financial stat<span class=\"_ _2\"></span>ements for the annual repor<span class=\"_ _2\"></span>ting</div>\n<div class=\"t m0 x1a h4f y87f ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period endin<span class=\"_ _2\"></span>g on 31 December <span class=\"_ _2\"></span>2023.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 246px; height: 844px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 246px; height: 844px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 246px; height: 844px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 246px; height: 844px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In view <span class=\"_ _0\"></span>of the re<span class=\"_ _0\"></span>quirement<span class=\"_ _0\"></span>\u00a0under I<span class=\"_ _0\"></span>FRS 17<span class=\"_ _0\"></span>, Ageas<span class=\"_ _0\"></span>\u00a0decid<span class=\"_ _0\"></span>ed to als<span class=\"_ _0\"></span>o restat<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y803 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the compara<span class=\"_ _2\"></span>tive information on<span class=\"_ _2\"></span>\u00a0financial instrumen<span class=\"_ _2\"></span>ts for the annual<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y804 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>od 2022.<span class=\"_ _0\"></span>\u00a0In prese<span class=\"_ _2b\"></span>nting comparat<span class=\"_ _2b\"></span>ive informati<span class=\"_ _0\"></span>on on</div>\n<div class=\"t m0 x7 h4f y805 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">financial <span class=\"_ _2\"></span><span class=\"ws103\">instruments, Ageas will app<span class=\"_ _2\"></span>ly the requirements in IFRS 9<span class=\"_ _2\"></span>\u00a0on </span></div>\n<div class=\"t m0 x7 h4f y806 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">\u2018classification<span class=\"_ _2\"></span>\u00a0&amp; measurement\u2019 and on \u2018impai<span class=\"_ _2\"></span>rment\u2019 to all its financial<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y807 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets, us<span class=\"_ _2b\"></span>ing reasonable a<span class=\"_ _2b\"></span>nd supportable inf<span class=\"_ _2b\"></span>ormation avail<span class=\"_ _2b\"></span>able on 1</div>\n<div class=\"t m0 x7 h4f y808 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">January <span class=\"_ _2b\"></span>2022. This fol<span class=\"_ _0\"></span>lows fr<span class=\"_ _0\"></span>om the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he \u2018<span class=\"wsef\">class<span class=\"_ _2b\"></span>ification </span></div>\n<div class=\"t m0 x7 h4f y809 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">overlay\u2019 include<span class=\"_ _2\"></span>d in the amendments to IFRS 17<span class=\"_ _2\"></span>\u00a0\u2018Initial application o<span class=\"_ _2\"></span>f</div>\n<div class=\"t m0 x7 h4f y80a ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 and IF<span class=\"_ _0\"></span>RS 9 <span class=\"ls0 ws0\">\u2013 </span>comparativ<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation\u2019, w<span class=\"_ _0\"></span>hich hav<span class=\"_ _0\"></span>e been</div>\n<div class=\"t m0 x7 h4f y80b ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">issued by<span class=\"_ _0\"></span>\u00a0the I<span class=\"_ _0\"></span>ASB in Dec<span class=\"_ _0\"></span>ember 2<span class=\"_ _2b\"></span>021 and have be<span class=\"_ _0\"></span>en endors<span class=\"_ _2b\"></span>ed by the</div>\n<div class=\"t m0 x7 h4f y80c ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EU in Septem<span class=\"_ _2b\"></span>ber 2022.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y882 ff6a fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Main changes broug<span class=\"_ _2\"></span>h<span class=\"lsfc ws0\">t by IF<span class=\"_ _2\"></span>RS 9<span class=\"ls0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y883 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Compar<span class=\"_ _0\"></span>ed to IA<span class=\"_ _0\"></span>S 39, the <span class=\"_ _0\"></span>main ch<span class=\"_ _2b\"></span>anges brought<span class=\"_ _0\"></span>\u00a0by IFRS <span class=\"_ _0\"></span>9 relate t<span class=\"_ _2b\"></span>o:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y884 ff6b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff6c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff68 lse2 wsfa\">T<span class=\"_ _2\"></span>he classification (a<span class=\"_ _2\"></span>nd <span class=\"lse0 wsf0\">result<span class=\"_ _2b\"></span>ing measurement<span class=\"_ _2b\"></span>) of <span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>nancial ass<span class=\"_ _2b\"></span>ets; </span></span></span></div>\n<div class=\"t m0 x43 h4f y885 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y886 ff6b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff6c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff68 lse0 wsf0\">The applicatio<span class=\"_ _0\"></span>n of the expect<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">cr<span class=\"_ _2\"></span>edit loss model.</span>\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h55 y887 ff6a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsfa\">cl<span class=\"_ _2\"></span>assification &amp; mea<span class=\"_ _2\"></span>surement</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y888 ff68 fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">The cl<span class=\"_ _2\"></span>a<span class=\"lse2 ws103\">ssification and measure<span class=\"_ _2\"></span>ment categories for financial<span class=\"_ _2\"></span>\u00a0instruments </span></div>\n<div class=\"t m0 x7 h4f y889 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">under IAS 3<span class=\"_ _0\"></span>9 (i.e. \u2018hel<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span><span class=\"wsfa\">mat<span class=\"_ _0\"></span>urity\u2019, \u2018<span class=\"_ _2b\"></span>loans and rece<span class=\"_ _2b\"></span>ivables\u2019, \u2018av<span class=\"_ _0\"></span>ailabl<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x7 h4f y88a ff68 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">sale\u2019,<span class=\"_ _2\"></span>\u00a0\u2018held</span>-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">trading\u2019 or financial as<span class=\"_ _2\"></span>sets designated at fair value<span class=\"_ _2\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y88b ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through pr<span class=\"_ _2\"></span>ofit or loss) have<span class=\"_ _2\"></span>\u00a0been replace<span class=\"ws103\">d under<span class=\"_ _2\"></span>\u00a0IFRS 9 by three </span></div>\n<div class=\"t m0 x7 h4f y88c ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">principal me<span class=\"_ _2\"></span>asurement bases (i<span class=\"_ _2\"></span>.e. amortised co<span class=\"_ _2\"></span>st, fair value <span class=\"_ _2\"></span>through</div>\n<div class=\"t m0 x7 h4f y88d ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>omprehe<span class=\"_ _2b\"></span>nsive income an<span class=\"_ _0\"></span>d fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it or loss). T<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y88e ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">classif<span class=\"_ _0\"></span>ication,<span class=\"_ _0\"></span>\u00a0and result<span class=\"_ _2b\"></span>ing measurement<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>of fi<span class=\"_ _2b\"></span>nancial instrum<span class=\"_ _2b\"></span>ents under</div>\n<div class=\"t m0 x7 h4f y88f ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">IFRS 9 i<span class=\"_ _2\"></span>s generall<span class=\"lse0\">y based o<span class=\"_ _2b\"></span>n the business <span class=\"_ _0\"></span>model in w<span class=\"_ _2b\"></span>hich a financ<span class=\"_ _0\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y890 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">asset is<span class=\"_ _0\"></span>\u00a0manage<span class=\"_ _2b\"></span>d and its contr<span class=\"_ _0\"></span>actual c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>\u00a0charact<span class=\"_ _2b\"></span>eristics.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y891 ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y892 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas determine<span class=\"_ _2\"></span>d that the largest part of i<span class=\"_ _2\"></span>ts investments in debt</div>\n<div class=\"t m0 x7 h4f y893 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents will b<span class=\"_ _0\"></span>e measure<span class=\"_ _2b\"></span>d at <span class=\"_ _2\"></span>fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue throug<span class=\"_ _0\"></span>h other com<span class=\"_ _0\"></span>prehens<span class=\"_ _2b\"></span>ive</div>\n<div class=\"t m0 x7 h4f y894 ff68 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">inc<span class=\"lse0 wsfa\">ome af<span class=\"_ _0\"></span>ter the<span class=\"_ _2b\"></span>ir initial reco<span class=\"_ _0\"></span>gnition.<span class=\"_ _2b\"></span>\u00a0This follows<span class=\"_ _0\"></span>\u00a0from t<span class=\"_ _0\"></span>he analy<span class=\"_ _0\"></span>sis that </span></div>\n<div class=\"t m0 x7 h4f y895 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">these inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span>s pass the \u2018s<span class=\"_ _0\"></span>olely paym<span class=\"_ _2b\"></span>ents of principal<span class=\"_ _0\"></span>\u00a0and interes<span class=\"_ _0\"></span>t\u2019</div>\n<div class=\"t m0 x7 h4f y896 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">test and bec<span class=\"_ _2b\"></span>ause those investm<span class=\"_ _2b\"></span>ents are held withi<span class=\"_ _0\"></span>n the \u2018hold to co<span class=\"_ _0\"></span>llect</div>\n<div class=\"t m0 x7 h4f y897 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and sell\u2019 b<span class=\"_ _2\"></span>usiness model. The<span class=\"_ _2\"></span>\u00a0\u2018hold to colle<span class=\"_ _2\"></span>ct and sell\u2019 bus<span class=\"_ _2\"></span>iness model</div>\n<div class=\"t m0 x7 h4f y898 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reflects<span class=\"_ _0\"></span>\u00a0the fac<span class=\"_ _0\"></span>t that <span class=\"lse2 wsf1\">those </span><span class=\"wsf0\">financ<span class=\"_ _0\"></span>ial assets<span class=\"_ _0\"></span>\u00a0are held to ba<span class=\"_ _0\"></span>ck liabil<span class=\"_ _0\"></span>ities </span></div>\n<div class=\"t m0 x7 h4f y899 ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">f<span class=\"lse2 wsf1\">rom</span>\u00a0<span class=\"lse0 wsf0\">(re)insuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent contra<span class=\"_ _0\"></span>cts with dis<span class=\"_ _0\"></span>cretion<span class=\"_ _2b\"></span>ary </span></div>\n<div class=\"t m0 x7 h4f y89a ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _0\"></span>eatures (s<span class=\"_ _2b\"></span>ee section C. \u2018IFR<span class=\"_ _0\"></span>S 17 \u2018Insura<span class=\"_ _2b\"></span>nce contracts\u2019</div>\n<div class=\"t m0 x7 h4f y89b ff68 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">below<span class=\"ls0 ws0\">). </span></div>\n<div class=\"t m0 x7 h4f y89c ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y89d ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Equity inst<span class=\"_ _2\"></span>ruments are always<span class=\"_ _2\"></span>\u00a0measured at fair<span class=\"_ _2\"></span>\u00a0value <span class=\"wsf1\">under<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">IFR<span class=\"_ _2b\"></span>S 9. For </span></span></span></div>\n<div class=\"t m0 x7 h4f y89e ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the larges<span class=\"_ _0\"></span>t part of it<span class=\"_ _0\"></span>s investm<span class=\"_ _0\"></span>ents in equit<span class=\"_ _0\"></span>y instru<span class=\"_ _0\"></span>ments,<span class=\"_ _0\"></span>\u00a0Ageas inte<span class=\"_ _0\"></span>nds</div>\n<div class=\"t m0 x7 h4f y89f ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to apply the ir<span class=\"_ _2b\"></span>revocable elect<span class=\"_ _2b\"></span>ion in IFRS 9 to prese<span class=\"_ _0\"></span>nt subseq<span class=\"_ _0\"></span>uent</div>\n<div class=\"t m0 x7 h4f y8a0 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">changes <span class=\"_ _2b\"></span>in their fair val<span class=\"_ _2b\"></span>ue in other co<span class=\"_ _0\"></span>mprehe<span class=\"_ _0\"></span>nsive inc<span class=\"_ _2b\"></span>ome (rather th<span class=\"_ _0\"></span>an in</div>\n<div class=\"t m0 x7 h4f y8a1 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement). <span class=\"_ _0\"></span>On the d<span class=\"_ _0\"></span>ate of der<span class=\"_ _2b\"></span>ecognition of i<span class=\"_ _2b\"></span>nvestments in<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y8a2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity ins<span class=\"_ _2b\"></span>truments, for whic<span class=\"_ _2b\"></span>h Ageas elected to p<span class=\"_ _0\"></span>resent su<span class=\"_ _0\"></span>bseque<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y8a3 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">changes <span class=\"_ _2b\"></span>in their fair val<span class=\"_ _2b\"></span>ue in other co<span class=\"_ _0\"></span>mprehe<span class=\"_ _0\"></span>nsive inc<span class=\"_ _2b\"></span>ome, Ageas</div>\n<div class=\"t m0 x1a h4f y8a4 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">intends to recl<span class=\"_ _2\"></span>assify the unrealised gain<span class=\"_ _2\"></span>s or losses that were previousl<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x1a h4f y8a5 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recognised in<span class=\"_ _2\"></span>\u00a0other comprehensive income<span class=\"_ _2\"></span>\u00a0from other comprehensive</div>\n<div class=\"t m0 x1a h4f y8a6 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income to r<span class=\"_ _0\"></span>etained ea<span class=\"_ _0\"></span>rnings.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y8a7 ff6a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets <span class=\"ls0 ws0\">\u2013 </span>loss allowanc<span class=\"_ _0\"></span>e for <span class=\"lse2 wsfa\">expected credi<span class=\"_ _2\"></span>t losses<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8a8 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 9 r<span class=\"_ _0\"></span>eplaces t<span class=\"_ _2b\"></span>he \u2018incurred <span class=\"_ _0\"></span>loss\u2019 mod<span class=\"_ _2b\"></span>el in IAS 3<span class=\"lse2 ws103\">9 with a forward </span></div>\n<div class=\"t m0 x1a h4f y8a9 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">looking \u2018e<span class=\"_ _2b\"></span>xpected credit los<span class=\"_ _0\"></span>s\u2019 model.<span class=\"_ _0\"></span>\u00a0The new exp<span class=\"_ _2b\"></span>ected credit loss</div>\n<div class=\"t m0 x1a h4f y8aa ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">model app<span class=\"_ _0\"></span>lies to in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span>s in debt ins<span class=\"_ _0\"></span>trument<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at are meas<span class=\"_ _2b\"></span>ured at</div>\n<div class=\"t m0 x1a h4f y8ab ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost <span class=\"_ _0\"></span>or at fai<span class=\"_ _0\"></span>r value t<span class=\"_ _2b\"></span>hrough other c<span class=\"_ _0\"></span>omprehe<span class=\"_ _2b\"></span>nsive income, t<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x1a h4f y8ac ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">lease recei<span class=\"_ _2\"></span>vables, trade recei<span class=\"_ _2\"></span>v<span class=\"lse0 wsf0\">abl<span class=\"_ _0\"></span>es and cont<span class=\"_ _0\"></span>ract ass<span class=\"_ _0\"></span>ets. Invest<span class=\"_ _2b\"></span>ments in </span></div>\n<div class=\"t m0 x1a h4f y8ad ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">equity <span class=\"_ _0\"></span>instrume<span class=\"_ _2b\"></span>nts are out of sc<span class=\"_ _2b\"></span>ope of the exp<span class=\"_ _0\"></span>ected c<span class=\"_ _0\"></span>redit lo<span class=\"_ _0\"></span>ss mod<span class=\"_ _0\"></span>el.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ae ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8af ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">IFRS 9 requires an e<span class=\"_ _2\"></span>ntity to recognise a lo<span class=\"_ _2\"></span>ss allowance at an amount</div>\n<div class=\"t m0 x1a h4f y8b0 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equal to<span class=\"_ _2\"></span>\u00a012<span class=\"ls0 ws0\">-</span><span class=\"lse0\">month <span class=\"_ _0\"></span>expecte<span class=\"_ _0\"></span>d credit <span class=\"_ _0\"></span>losses f<span class=\"_ _2b\"></span>or investment<span class=\"_ _2b\"></span>s in debt </span></div>\n<div class=\"t m0 x1a h4f y8b1 ff68 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>e<span class=\"wsf0\">nts for whi<span class=\"_ _2b\"></span>ch <span class=\"_ _2\"></span>the c<span class=\"_ _0\"></span>redit ris<span class=\"_ _0\"></span>k has not inc<span class=\"_ _2b\"></span>reased signific<span class=\"_ _0\"></span>antly si<span class=\"_ _0\"></span>nce </span></div>\n<div class=\"t m0 x1a h4f y8b2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">their init<span class=\"_ _0\"></span>ial recog<span class=\"_ _0\"></span>nition (i<span class=\"_ _0\"></span>.e. class<span class=\"_ _0\"></span>ified in St<span class=\"_ _0\"></span>age 1). For in<span class=\"_ _2b\"></span>vestments in</div>\n<div class=\"t m0 x1a h4f y8b3 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">debt instrumen<span class=\"_ _2\"></span>ts for which the credit risk ha<span class=\"_ _2\"></span>s increased significan<span class=\"_ _2\"></span>tly</div>\n<div class=\"t m0 x1a h4f y8b4 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">since their ini<span class=\"_ _2\"></span>tial recognition (i.e.<span class=\"_ _2\"></span>\u00a0clas<span class=\"lse0 wsf0\">sifi<span class=\"_ _2b\"></span>ed in Stage 2) or for inves<span class=\"_ _0\"></span>tments </span></div>\n<div class=\"t m0 x1a h4f y8b5 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in debt i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>at are in <span class=\"_ _2b\"></span>default, for ex<span class=\"_ _2b\"></span>ample becaus<span class=\"_ _0\"></span>e of mat<span class=\"_ _0\"></span>erial</div>\n<div class=\"t m0 x1a h4f y8b6 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">arrears i<span class=\"_ _0\"></span>n contract<span class=\"_ _2b\"></span>ual payments (i.e.<span class=\"_ _0\"></span>\u00a0classif<span class=\"_ _0\"></span>ied in Stag<span class=\"_ _0\"></span>e 3), Ageas<span class=\"_ _0\"></span>\u00a0will</div>\n<div class=\"t m0 x1a h4f y8b7 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>se a loss all<span class=\"_ _0\"></span>owance at a<span class=\"_ _0\"></span>n amount eq<span class=\"_ _2b\"></span>ual to lifetime expec<span class=\"_ _0\"></span>ted</div>\n<div class=\"t m0 x1a h4f y8b8 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">credi<span class=\"lse1 ws104\">t losses.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y8b9 ff6a fs3a fc1f sc0 ls102 ws115\" style=\"z-index: 15;\">Financial<span class=\"_ _2\"></span>\u00a0liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ba ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 9 will not have a s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>ant impac<span class=\"_ _0\"></span>t on the</div>\n<div class=\"t m0 x1a h4f y8bb ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment and c<span class=\"_ _0\"></span>lassific<span class=\"_ _2b\"></span>ation of <span class=\"lse2 wsf1\">Ageas's <span class=\"_ _2\"></span><span class=\"ws103\">financial liabilities.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h55 y8bc ff6a fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Hedge accoun<span class=\"_ _2\"></span>ting<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8bd ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As from the annual r<span class=\"_ _2\"></span>eporting period starting<span class=\"_ _2\"></span>\u00a0on 1 January 2023, Ageas</div>\n<div class=\"t m0 x1a h4f y8be ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">intends to also<span class=\"_ _2\"></span>\u00a0adopt the requirements on hedg<span class=\"_ _2\"></span>e accounting in IFRS 9.</div>\n<div class=\"t m0 x1a h4f y8bf ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">This <span class=\"wsfa\">is <span class=\"_ _2\"></span>not expected<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span>\u00a0</span></span><span class=\"ws103\">result in a signif<span class=\"_ _2\"></span>icant impact compared to the<span class=\"_ _2\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8c0 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">current<span class=\"_ _0\"></span>\u00a0applicat<span class=\"_ _2b\"></span>ion of the hedge acco<span class=\"_ _0\"></span>unting r<span class=\"lse2 ws103\">equirements in IAS 39.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y8c1 ff6a fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impact asse<span class=\"_ _2\"></span>ssment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8c2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The estim<span class=\"_ _2b\"></span>ated impact of the ado<span class=\"_ _0\"></span>ption of IF<span class=\"_ _0\"></span>RS 9 by the subsi<span class=\"_ _2b\"></span>diaries of</div>\n<div class=\"t m0 x1a h4f y8c3 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas at th<span class=\"_ _0\"></span>e transi<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. 1 Janua<span class=\"_ _0\"></span>ry 2022) is c<span class=\"_ _0\"></span>larified b<span class=\"_ _0\"></span>elow in</div>\n<div class=\"t m0 x1a h4f y8c4 ff68 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">secti<span class=\"_ _2\"></span>on<span class=\"ls0 ws0\">\u00a0<span class=\"ls104 ws126\">D.</span>\u00a0\u2018<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Est<span class=\"_ _0\"></span>imated i<span class=\"_ _0\"></span>mpact of th<span class=\"_ _0\"></span>e adoption of I<span class=\"_ _0\"></span>FRS 9 &amp; IFRS 17 o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>1 </span></span></div>\n<div class=\"t m0 x1a h4f y8c5 ff68 fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">Ja<span class=\"lse2 wsfa\">nuary 2022\u2019.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8c6 ff68 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">C.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1b8\">\u00a0</span><span class=\"lsfa ws114\">IFRS<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">17 \u2018Ins<span class=\"_ _2b\"></span>urance contracts<span class=\"_ _2b\"></span>\u2019<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y8c7 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The IASB i<span class=\"_ _2\"></span>ssued IFRS 17 \u2018Ins<span class=\"_ _2\"></span>urance contracts\u2019 i<span class=\"_ _2\"></span>n May 2017 and</div>\n<div class=\"t m0 x1a h4f y8c8 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amended IFRS 17<span class=\"_ _2\"></span>\u00a0in June 2020. IFRS 17 will replace<span class=\"_ _2\"></span>\u00a0IFRS 4 for annual</div>\n<div class=\"t m0 x1a h4f y8c9 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>ods start<span class=\"_ _2b\"></span>ing on 1 Janua<span class=\"_ _0\"></span>ry 2023, <span class=\"_ _2b\"></span>which is also t<span class=\"_ _2b\"></span>he date as</div>\n<div class=\"t m0 x1a h4f y8ca ff68 fs3a fc14 sc0 ls104 ws116\" style=\"z-index: 15;\">from wh<span class=\"lse2 wsfa\">en Ageas will<span class=\"_ _2\"></span>\u00a0apply IFRS 17.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 361px; height: 745px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 361px; height: 745px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 361px; height: 745px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 361px; height: 745px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The EU endo<span class=\"_ _0\"></span>rsed IFR<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>17, i<span class=\"_ _0\"></span>ncludin<span class=\"_ _0\"></span>g the June 20<span class=\"_ _0\"></span>20 amendm<span class=\"_ _2b\"></span>ents, in</div>\n<div class=\"t m0 x7 h4f y803 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">November 2021<span class=\"_ _2\"></span>. This endorsemen<span class=\"_ _2\"></span>t includes an (op<span class=\"_ _2\"></span>tional) European</div>\n<div class=\"t m0 x7 h4f y804 ff6d fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">carve<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">out of the annual cohor<span class=\"_ _2\"></span>t requirement in IFRS 17 for grou<span class=\"_ _2\"></span>ps of </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts with di<span class=\"_ _0\"></span>rect part<span class=\"_ _2b\"></span>icipating featur<span class=\"_ _2b\"></span>es and groups of</div>\n<div class=\"t m0 x7 h4f y806 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent contracts<span class=\"_ _0\"></span>\u00a0with dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary part<span class=\"_ _2b\"></span>icipation fe<span class=\"_ _2b\"></span>atures and with</div>\n<div class=\"t m0 x7 h4f y807 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws that<span class=\"_ _0\"></span>\u00a0affect or <span class=\"_ _2b\"></span>are affected <span class=\"_ _0\"></span>by cash fl<span class=\"_ _2b\"></span>ows to policyh<span class=\"_ _0\"></span>olders <span class=\"_ _0\"></span>of</div>\n<div class=\"t m0 x7 h4f y808 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>ontracts<span class=\"_ _0\"></span>. Ageas<span class=\"_ _0\"></span>\u00a0intends t<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">o<span class=\"_ _2\"></span>\u00a0apply this carve<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">out for a limited set<span class=\"_ _0\"></span>\u00a0of </span></span></span></div>\n<div class=\"t m0 x7 h4f y809 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts with di<span class=\"_ _0\"></span>rect part<span class=\"_ _2b\"></span>icipation featur<span class=\"_ _2b\"></span>es, to align with loca<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x7 h4f y80a ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>actice.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y8cd ff6f fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Scope <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y8ce ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 \u2018I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s\u2019 appli<span class=\"_ _0\"></span>es to<span class=\"ls0 ws0\">\u00a0: </span></div>\n<div class=\"t m0 x7 h4f y882 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 ws103\">In<span class=\"_ _2\"></span>surance contracts, includ<span class=\"_ _2\"></span>ing reinsurance contrac<span class=\"_ _2\"></span>ts issued;</span><span class=\"ff6d\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y883 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsf1\">R<span class=\"_ _2\"></span>einsura<span class=\"lse0 wsf0\">nce cont<span class=\"_ _0\"></span>racts hel<span class=\"_ _0\"></span>d; and<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f y884 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts with di<span class=\"_ _0\"></span>scretio<span class=\"_ _0\"></span>nary p<span class=\"_ _0\"></span>articip<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>eatures </span></span></div>\n<div class=\"t m0 x43 h4f y885 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issued. T<span class=\"_ _0\"></span>hese are i<span class=\"_ _0\"></span>n the scope of IF<span class=\"_ _0\"></span>RS 17 only<span class=\"_ _0\"></span>\u00a0if the issuer al<span class=\"_ _2b\"></span>so</div>\n<div class=\"t m0 x43 h4f y886 ff6d fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">issue<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _2b\"></span>acts.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y8cf ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y8d0 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All refere<span class=\"_ _2b\"></span>nces below to \u2018insu<span class=\"_ _0\"></span>rance cont<span class=\"_ _0\"></span>racts\u2019 e<span class=\"_ _2b\"></span>qually apply to</div>\n<div class=\"t m0 x7 h4f y8d1 ff6d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ance<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">cont<span class=\"_ _0\"></span>racts (b<span class=\"_ _0\"></span>oth reinsu<span class=\"_ _2b\"></span>rance contracts<span class=\"_ _0\"></span>\u00a0held and reins<span class=\"_ _2b\"></span>urance </span></div>\n<div class=\"t m0 x7 h4f y8d2 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s issued) and i<span class=\"_ _2b\"></span>nvestment cont<span class=\"_ _2b\"></span>racts with <span class=\"lse2 wsf1\">discretionary </span></div>\n<div class=\"t m0 x7 h4f y8d3 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures, unl<span class=\"_ _0\"></span>ess stat<span class=\"_ _0\"></span>ed other<span class=\"_ _0\"></span>wise.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y88c ff6f fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Separat<span class=\"_ _0\"></span>ing com<span class=\"_ _0\"></span>ponents f<span class=\"_ _2b\"></span>rom an insuranc<span class=\"_ _2b\"></span>e contract<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y88d ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">An insur<span class=\"_ _0\"></span>ance co<span class=\"_ _2b\"></span>ntract may <span class=\"lse2\">include one or<span class=\"_ _2\"></span>\u00a0more components tha<span class=\"_ _2\"></span>t need </span></div>\n<div class=\"t m0 x7 h4f y88e ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to be sep<span class=\"_ _2b\"></span>arated from th<span class=\"_ _0\"></span>e host ins<span class=\"_ _2b\"></span>urance contr<span class=\"_ _0\"></span>act and b<span class=\"_ _0\"></span>e account<span class=\"_ _2b\"></span>ed for</div>\n<div class=\"t m0 x7 h4f y88f ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g anoth<span class=\"_ _0\"></span>er IFRS st<span class=\"_ _2b\"></span>andard than<span class=\"_ _0\"></span>\u00a0IFRS 17. <span class=\"_ _0\"></span>At cont<span class=\"_ _2b\"></span>ract inception,</div>\n<div class=\"t m0 x7 h4f y890 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas assesses on<span class=\"_ _2\"></span>\u00a0a contract<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">by</span>-</span>contra<span class=\"_ _2\"></span>ct basis whether this might be</div>\n<div class=\"t m0 x7 h4f y891 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the case<span class=\"wsfa\">. Examp<span class=\"_ _2\"></span>les of component<span class=\"_ _2\"></span>s that may require<span class=\"_ _2\"></span>\u00a0separation are:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y892 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">Not closely relat<span class=\"_ _0\"></span>ed embed<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>atives;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y893 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">Distinct invest<span class=\"_ _0\"></span>ment comp<span class=\"_ _0\"></span>onents (I<span class=\"_ _2b\"></span>FRS 17 provides the crit<span class=\"_ _2b\"></span>eria to </span></span></div>\n<div class=\"t m0 x43 h4f y894 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ne when a non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">insurance<span class=\"_ _2\"></span>\u00a0component is distinct from<span class=\"_ _2\"></span>\u00a0the </span></span></div>\n<div class=\"t m0 x43 h4f y895 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">host cont<span class=\"_ _0\"></span>ract); an<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y896 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsf1\">Pr<span class=\"_ _2\"></span>omises <span class=\"ws103\">to transfer<span class=\"_ _2\"></span>\u00a0distinct goods or services o<span class=\"_ _2\"></span>ther than insurance </span></span></span></div>\n<div class=\"t m0 x43 h4f y897 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract servi<span class=\"_ _2\"></span>ces to a policyholder.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y898 ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y899 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Separat<span class=\"_ _0\"></span>ed embed<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>atives an<span class=\"_ _0\"></span>d distinct<span class=\"_ _0\"></span>\u00a0investm<span class=\"_ _0\"></span>ent comp<span class=\"_ _0\"></span>onents</div>\n<div class=\"t m0 x7 h4f y89a ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are accou<span class=\"_ _2b\"></span>nted for as if they were sta<span class=\"_ _2b\"></span>nd<span class=\"ls0 ws0\">-</span>alone financial i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y89b ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y89c ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">After th<span class=\"_ _2b\"></span>e above steps,<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">Ageas separates from the hos<span class=\"_ _2\"></span>t insurance contract </span></span></div>\n<div class=\"t m0 x7 h4f y89d ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any promis<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to tr<span class=\"_ _0\"></span>ansfer dis<span class=\"_ _0\"></span>tinct go<span class=\"_ _0\"></span>ods or servic<span class=\"_ _2b\"></span>es other than insur<span class=\"_ _0\"></span>ance</div>\n<div class=\"t m0 x7 h4f y89e ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract servi<span class=\"_ _2\"></span>ces to a policyholder (such as pen<span class=\"_ _2\"></span>sion administration, ri<span class=\"_ _2\"></span>sk</div>\n<div class=\"t m0 x7 h4f y89f ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">management, as<span class=\"_ _2\"></span>sistance, asset management or cu<span class=\"_ _2\"></span>stody services) and</div>\n<div class=\"t m0 x7 h4f y8a0 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>em as se<span class=\"_ _0\"></span>parate c<span class=\"_ _2b\"></span>ontracts with <span class=\"_ _0\"></span>custom<span class=\"_ _0\"></span>ers (i.e. <span class=\"_ _0\"></span>not as</div>\n<div class=\"t m0 x7 h4f y8a1 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontracts), applying <span class=\"_ _2\"></span>IFRS 15<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">\u2018Revenue f<span class=\"_ _2\"></span>rom contracts with </span></div>\n<div class=\"t m0 x7 h4f y8a2 ff6d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">customers\u2019<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h55 y8d4 ff6f fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Level of <span class=\"_ _2\"></span>aggregation<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y8d5 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For prese<span class=\"_ _2b\"></span>ntation and measur<span class=\"_ _2b\"></span>ement purposes,<span class=\"_ _0\"></span>\u00a0Ageas id<span class=\"_ _0\"></span>entifie<span class=\"_ _0\"></span>s portfol<span class=\"_ _2b\"></span>ios</div>\n<div class=\"t m0 x7 h4f y8d6 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and groups<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">of ins<span class=\"_ _2b\"></span>urance contrac<span class=\"_ _0\"></span>ts.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y8d7 ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8d8 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A portfol<span class=\"_ _0\"></span>io of insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts incl<span class=\"_ _2b\"></span>udes contracts th<span class=\"_ _2b\"></span>at are subject to</div>\n<div class=\"t m0 x1a h4f y8d9 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">similar ris<span class=\"_ _2\"></span>k and that are managed together.</div>\n<div class=\"t m0 xad h6b y8da ff71 fs47 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0<span class=\"ff6d fs3a lse2 ws103\">Portfoli<span class=\"_ _2\"></span>os of insurance </span></div>\n<div class=\"t m0 x1a h4f y8db ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s are identif<span class=\"_ _0\"></span>ied at t<span class=\"_ _0\"></span>he level <span class=\"_ _0\"></span>of the iss<span class=\"_ _0\"></span>uing e<span class=\"_ _0\"></span>ntity. E<span class=\"_ _0\"></span>xamples o<span class=\"_ _2b\"></span>f</div>\n<div class=\"t m0 x1a h4f y8dc ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">portfol<span class=\"_ _0\"></span>ios in t<span class=\"lse2 wsf1\">he <span class=\"ls0 ws0\">N</span>on<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life bu<span class=\"_ _2\"></span>siness of Ageas are<span class=\"_ _2\"></span>\u00a0Accident, Health<span class=\"_ _2\"></span>, </span></span></div>\n<div class=\"t m0 x1a h4f y8dd ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Property, Mo<span class=\"_ _2\"></span>tor\u2026 Upon initial<span class=\"_ _2\"></span>\u00a0recognition, insurance<span class=\"_ _2\"></span>\u00a0contracts are</div>\n<div class=\"t m0 x1a h4f y8de ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">added to t<span class=\"_ _2b\"></span>he applicabl<span class=\"_ _0\"></span>e portfol<span class=\"_ _2b\"></span>io.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8df ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8e0 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For measuremen<span class=\"_ _2\"></span>t purposes, Ageas further di<span class=\"_ _2\"></span>vides portfolios of</div>\n<div class=\"t m0 x1a h4f y8e1 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts into g<span class=\"_ _0\"></span>roups of ins<span class=\"_ _0\"></span>urance co<span class=\"_ _2b\"></span>ntracts. A group of</div>\n<div class=\"t m0 x1a h4f y8e2 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts is dete<span class=\"_ _2b\"></span>rmined by first div<span class=\"_ _0\"></span>iding the po<span class=\"_ _0\"></span>rtfolio of<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y8e3 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontracts into annua<span class=\"_ _2\"></span>l cohorts (e.g. b<span class=\"_ _2\"></span>y year of issue),<span class=\"_ _2\"></span>\u00a0to</div>\n<div class=\"t m0 x1a h4f y8e4 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">guarant<span class=\"_ _0\"></span>ee that <span class=\"_ _0\"></span>each coh<span class=\"_ _0\"></span>ort does<span class=\"_ _0\"></span>\u00a0not incl<span class=\"_ _2b\"></span>ude contracts t<span class=\"_ _2b\"></span>hat are issued</div>\n<div class=\"t m0 x1a h4f y8e5 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">more than one year<span class=\"_ _2\"></span>\u00a0ap<span class=\"lse0 wsf0\">art.<span class=\"_ _0\"></span>\u00a0Each annu<span class=\"_ _0\"></span>al cohort is t<span class=\"_ _0\"></span>hen furthe<span class=\"_ _2b\"></span>r divided </span></div>\n<div class=\"t m0 x1a h4f y8e6 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">into (a mini<span class=\"_ _0\"></span>mum of) thr<span class=\"_ _0\"></span>ee groups of in<span class=\"_ _2b\"></span>surance contract<span class=\"_ _2b\"></span>s, based on the</div>\n<div class=\"t m0 x1a h4f y8e7 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">expected pro<span class=\"_ _2\"></span>fitability of the underlying con<span class=\"_ _2\"></span>tracts:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8e8 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0group of insurance<span class=\"_ _2\"></span>\u00a0contracts that<span class=\"_ _2\"></span>\u00a0<span class=\"wsf1\">are</span></span><span class=\"ff6d\">\u00a0<span class=\"lse2 wsfa\">onerous at i<span class=\"_ _2\"></span>nitial </span></span></span></div>\n<div class=\"t m0 x6c h4f y8e9 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, if any; <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ea ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0group of insurance<span class=\"_ _2\"></span>\u00a0contracts that<span class=\"_ _2\"></span>\u00a0at initial recog<span class=\"_ _2\"></span>nition have no </span></span></div>\n<div class=\"t m0 x6c h4f y8eb ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span>\u00a0possibility of be<span class=\"_ _2\"></span>coming onerous sub<span class=\"_ _2\"></span>sequently, if any;<span class=\"_ _2\"></span>\u00a0and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ec ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">A group of the remain<span class=\"_ _2b\"></span>ing insurance cont<span class=\"_ _2b\"></span>racts, if any.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y8ed ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8ee ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts th<span class=\"_ _2b\"></span>at would fall int<span class=\"_ _2b\"></span>o different gr<span class=\"_ _0\"></span>oups on<span class=\"_ _0\"></span>ly becau<span class=\"_ _2b\"></span>se</div>\n<div class=\"t m0 x1a h4f y8ef ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">law or regu<span class=\"_ _0\"></span>lation s<span class=\"_ _0\"></span>pecific<span class=\"_ _0\"></span>ally const<span class=\"_ _2b\"></span>rains the practic<span class=\"_ _0\"></span>al ability<span class=\"_ _0\"></span>\u00a0of the issui<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y8f0 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">entity t<span class=\"_ _0\"></span>o set a dif<span class=\"_ _0\"></span>ferent<span class=\"_ _2b\"></span>\u00a0price or leve<span class=\"_ _0\"></span>l of benef<span class=\"_ _0\"></span>its for <span class=\"_ _0\"></span>policy<span class=\"_ _0\"></span>holders <span class=\"_ _0\"></span>with</div>\n<div class=\"t m0 x1a h4f y8f1 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nt chara<span class=\"_ _2b\"></span>cteristics are <span class=\"_ _0\"></span>includ<span class=\"_ _0\"></span>ed in the s<span class=\"_ _2b\"></span>ame g<span class=\"lse2 wsf1\">roup<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h55 y8f2 ff6f fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Recognition<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8f3 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rec<span class=\"_ _2b\"></span>ognises groups of<span class=\"_ _0\"></span>\u00a0insuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s and rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y8f4 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s issued (othe<span class=\"_ _0\"></span>r than i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt contracts wit<span class=\"_ _2b\"></span>h <span class=\"wsef\">discretion<span class=\"_ _0\"></span>ary </span></div>\n<div class=\"t m0 x1a h4f y8f5 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse2\">and reinsu<span class=\"_ _2\"></span>rance contracts held)<span class=\"_ _2\"></span>\u00a0on its </span></div>\n<div class=\"t m0 x1a h4f y8f6 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated st<span class=\"_ _2b\"></span>atement of fin<span class=\"_ _0\"></span>ancial p<span class=\"_ _0\"></span>osition<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">from the<span class=\"_ _2\"></span>\u00a0earliest of:</span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8f7 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">The beginning of t<span class=\"_ _0\"></span>heir cover<span class=\"_ _0\"></span>age peri<span class=\"_ _0\"></span>od;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y8f8 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsfa\">The date when t<span class=\"_ _2b\"></span>he first payment<span class=\"_ _0\"></span>\u00a0from a <span class=\"_ _0\"></span>policyh<span class=\"_ _0\"></span>older in t<span class=\"_ _2b\"></span>he group </span></span></div>\n<div class=\"t m0 x6c h4f y8f9 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">becomes<span class=\"_ _0\"></span>\u00a0due, or, wh<span class=\"_ _0\"></span>en there is no d<span class=\"_ _2b\"></span>ue date, when the first p<span class=\"_ _2b\"></span>ayment</div>\n<div class=\"t m0 x6c h4f y8fa ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from the <span class=\"_ _2\"></span>policyholder is re<span class=\"_ _2\"></span>ceived; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8fb ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">W<span class=\"_ _2\"></span>hen facts and circ<span class=\"_ _2\"></span>ums<span class=\"lse0 wsf0\">tanc<span class=\"_ _0\"></span>es indicat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>that<span class=\"_ _0\"></span>\u00a0the group of<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce </span></span></span></div>\n<div class=\"t m0 x6c h4f y8fc ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts becom<span class=\"_ _2\"></span>es onerous.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8fd ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8fe ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rec<span class=\"_ _2b\"></span>ognises groups of<span class=\"_ _0\"></span>\u00a0investme<span class=\"_ _0\"></span>nt contrac<span class=\"_ _0\"></span>ts with <span class=\"wsef\">dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary </span></div>\n<div class=\"t m0 x1a h4f y8ff ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">on its cons<span class=\"_ _0\"></span>olidated st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>\u00a0of financi<span class=\"_ _2b\"></span>al position </span></div>\n<div class=\"t m0 x1a h4f y900 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">when Ageas becom<span class=\"_ _2\"></span>es party to the contract<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h55 y901 ff6f fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Measurement app<span class=\"_ _2\"></span>roaches<span class=\"ls0 ws0\">\u00a0\u00a0</span></div>\n<div class=\"t m0 x1a h4f y902 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas measure<span class=\"_ _2\"></span>s groups of in<span class=\"_ _2\"></span>surance contracts us<span class=\"_ _2\"></span>ing the following<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y903 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measurement app<span class=\"_ _2\"></span>roaches:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y904 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he General Measurem<span class=\"_ _2\"></span>ent Model (GMM), a<span class=\"_ _2\"></span>lso referred to a<span class=\"_ _2\"></span>s </span></span></div>\n<div class=\"t m0 x6c h4f y905 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Buildi<span class=\"_ _0\"></span>ng Block App<span class=\"_ _0\"></span>roach (BB<span class=\"_ _0\"></span>A);<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y906 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he Premium Allocat<span class=\"_ _2\"></span>ion Approach (PAA);<span class=\"_ _2\"></span>\u00a0and</span><span class=\"ff6d\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y907 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he Variabl<span class=\"lse0 wsf0\">e Fee Approa<span class=\"_ _0\"></span>ch (VFA).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">General Mea<span class=\"_ _2\"></span>surement Model <span class=\"ls0 ws0\">\u2013<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">initi<span class=\"_ _2b\"></span>al measurement<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under the <span class=\"lse0 wsf0\">General Meas<span class=\"_ _0\"></span>urement<span class=\"_ _0\"></span>\u00a0Model, gro<span class=\"_ _0\"></span>ups of insu<span class=\"_ _0\"></span>rance c<span class=\"_ _0\"></span>ontracts </span></div>\n<div class=\"t m0 x7 h4f y804 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">are<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">measured on init<span class=\"_ _2b\"></span>ial recognition a<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>the t<span class=\"_ _0\"></span>otal of:<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse0 wsfa\">The present v<span class=\"_ _0\"></span>alue of t<span class=\"_ _2b\"></span>heir estimate<span class=\"_ _0\"></span>d future c<span class=\"_ _2b\"></span>ash flows;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse2 ws103\">An<span class=\"_ _2\"></span>\u00a0explicit <span class=\"lse1 wsf0\">risk </span>adjustment<span class=\"_ _2\"></span>\u00a0for non</span><span class=\"ff72\">-<span class=\"lse2 wsfa\">financial ri<span class=\"_ _2\"></span>sk; and</span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y807 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse2 wsf1\">T<span class=\"_ _2\"></span>he </span><span class=\"ff72\">c<span class=\"lse2 wsf1\">ontractual<span class=\"_ _2\"></span>\u00a0</span>s<span class=\"lse1 wsf0\">ervice </span>m<span class=\"lse2 ws103\">argin<span class=\"_ _2\"></span>\u00a0(CSM), unless the contract is<span class=\"_ _2\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x43 h4f y808 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">onerous. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y809 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The sum of the presen<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsfa\">value of<span class=\"_ _0\"></span>\u00a0<span class=\"lse2 wsf1\">the </span>estimates<span class=\"_ _0\"></span>\u00a0of futu<span class=\"_ _0\"></span>re cash f<span class=\"_ _0\"></span>lows an<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the risk<span class=\"_ _2\"></span>\u00a0adjustment for non<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">financ<span class=\"_ _2b\"></span>ial risk is referred t<span class=\"_ _0\"></span>o as the fulfi<span class=\"_ _0\"></span>lment </span></span></div>\n<div class=\"t m0 x7 h4f y80c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>\u00a0of the grou<span class=\"_ _0\"></span>p of contract<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80d ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80e ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The esti<span class=\"_ _0\"></span>mates of f<span class=\"_ _2b\"></span>uture cash fl<span class=\"_ _0\"></span>ows incl<span class=\"_ _2b\"></span>uded in the meas<span class=\"_ _2b\"></span>urement of a</div>\n<div class=\"t m0 x7 h4f y80f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">group of co<span class=\"_ _0\"></span>ntracts ar<span class=\"_ _2b\"></span>e determined by the gui<span class=\"_ _2b\"></span>dance in IFRS 17 on</div>\n<div class=\"t m0 x7 h4f y810 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract bounda<span class=\"_ _2\"></span>ries. For some product group<span class=\"_ _2\"></span>s, the guidance on contract<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y90a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">boundaries und<span class=\"_ _2\"></span>er<span class=\"ls0 ws0\">\u00a0</span>IFRS 17 differs from the<span class=\"_ _2\"></span>\u00a0current practice under IFRS<span class=\"_ _2\"></span>\u00a04</div>\n<div class=\"t m0 x7 h4f y90b ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or the (<span class=\"_ _2\"></span>shorter) contract boun<span class=\"_ _2\"></span>daries applicable<span class=\"_ _2\"></span>\u00a0under Solvency I<span class=\"_ _2\"></span>I.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90c ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y90d ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The cash flow and<span class=\"_ _2\"></span>\u00a0valuation modelling methodol<span class=\"_ _2\"></span>ogy used <span class=\"wsf1\">under<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">IF<span class=\"_ _2\"></span>RS </span></span></span></div>\n<div class=\"t m0 x7 h4f y90e ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">17 is si<span class=\"_ _0\"></span>milar to t<span class=\"_ _2b\"></span>he models <span class=\"lse2\">Ageas uses<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf1\">under<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span>Solve<span class=\"_ _2b\"></span>ncy II. For the</div>\n<div class=\"t m0 x7 h4f y90f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span>s in scope of t<span class=\"_ _0\"></span>he G<span class=\"lse2 wsfa\">eneral Measuremen<span class=\"_ _2\"></span>t Model<span class=\"lse0\">, the fix<span class=\"_ _0\"></span>ed cash </span></span></div>\n<div class=\"t m0 x7 h4f y910 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">flows are<span class=\"_ _2\"></span>\u00a0modelled <span class=\"lse0\">on a </span><span class=\"wsf1\">contract<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">by</span>-<span class=\"lse0 wsef\">contract</span>\u00a0<span class=\"ls102 ws11d\">basis<span class=\"lsfc ws121\">. Ne<span class=\"_ _2\"></span>xt,</span></span>\u00a0</span>these </span></div>\n<div class=\"t m0 x7 h4f y911 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">projected <span class=\"_ _2\"></span>cash flows are g<span class=\"_ _2\"></span>rouped in meaningf<span class=\"_ _2\"></span>ul model points.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span><span class=\"lse0\">The c<span class=\"_ _2b\"></span>ash </span></div>\n<div class=\"t m0 x7 h4f y912 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows rel<span class=\"_ _0\"></span>ated to thes<span class=\"_ _0\"></span>e model poi<span class=\"_ _0\"></span>nts are stoc<span class=\"_ _2b\"></span>hastically pro<span class=\"_ _2b\"></span>jected to derive</div>\n<div class=\"t m0 x7 h4f y913 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the varia<span class=\"_ _0\"></span>ble cash fl<span class=\"_ _0\"></span>ows and the o<span class=\"_ _0\"></span>ption adj<span class=\"_ _0\"></span>usted val<span class=\"_ _0\"></span>ue (at total<span class=\"_ _0\"></span>\u00a0portfoli<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x7 h4f y914 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">level or for a<span class=\"_ _2\"></span>\u00a0group of new bu<span class=\"lse0 wsfa\">siness<span class=\"_ _0\"></span>). Both t<span class=\"_ _2b\"></span>he cash flows<span class=\"_ _0\"></span>\u00a0and val<span class=\"_ _0\"></span>uation </span></div>\n<div class=\"t m0 x7 h4f y915 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">captur<span class=\"_ _0\"></span>e the de<span class=\"_ _0\"></span>pendency<span class=\"_ _0\"></span>\u00a0to risk <span class=\"_ _0\"></span>neutral f<span class=\"_ _2b\"></span>inancial vari<span class=\"_ _2b\"></span>able movement<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y916 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(e.g. inte<span class=\"_ _2b\"></span>rest rates, share p<span class=\"_ _0\"></span>rice move<span class=\"_ _0\"></span>ments, rea<span class=\"_ _0\"></span>l estate v<span class=\"_ _0\"></span>aluatio<span class=\"_ _2b\"></span>n).</div>\n<div class=\"t m0 x7 h4f y917 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Finally<span class=\"_ _0\"></span>, the va<span class=\"_ _0\"></span>riable c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s are al<span class=\"_ _0\"></span>located t<span class=\"_ _2b\"></span>o the groups of<span class=\"_ _0\"></span>\u00a0contrac<span class=\"_ _0\"></span>ts</div>\n<div class=\"t m0 x7 h4f y918 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">re<span class=\"lse2 ws103\">cognised under IFRS 17<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y919 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y91a ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The met<span class=\"_ _0\"></span>hods an<span class=\"_ _0\"></span>d proces<span class=\"_ _0\"></span>ses use<span class=\"_ _0\"></span>d for th<span class=\"_ _0\"></span>e project<span class=\"_ _2b\"></span>ion and valuati<span class=\"_ _0\"></span>on <span class=\"lsf4 ws10c\">of </span></div>\n<div class=\"t m0 x7 h4f y91b ff72 fs3a fc14 sc0 lse1 ws104\" style=\"z-index: 15;\">cash flows <span class=\"lse2 wsfa\">are overseen an<span class=\"_ _2\"></span>d validated by the<span class=\"_ _2\"></span>\u00a0Model Control Boar<span class=\"_ _2\"></span>d of </span></div>\n<div class=\"t m0 x7 h4f y91c ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas. Any<span class=\"_ _2\"></span>\u00a0changes in the <span class=\"_ _2\"></span>methods and process<span class=\"_ _2\"></span>es for estimating <span class=\"_ _2\"></span>inputs</div>\n<div class=\"t m0 x7 h4f y91d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">used to m<span class=\"_ _2b\"></span>easure contrac<span class=\"_ _0\"></span>ts,<span class=\"ls0 ws0\">\u00a0</span>the re<span class=\"_ _0\"></span>ason f<span class=\"_ _0\"></span>or each c<span class=\"_ _0\"></span>hange,<span class=\"_ _0\"></span>\u00a0and the t<span class=\"_ _0\"></span>ype of</div>\n<div class=\"t m0 x7 h4f y91e ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>aff<span class=\"_ _0\"></span>ected ar<span class=\"_ _0\"></span>e docume<span class=\"_ _0\"></span>nted and val<span class=\"_ _0\"></span>idated.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91f ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y920 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The subsi<span class=\"_ _0\"></span>diaries of<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>Ageas<span class=\"_ _0\"></span>\u00a0will deter<span class=\"_ _2b\"></span>mine the present val<span class=\"_ _0\"></span>ue of <span class=\"lse2 wsf1\">the </span></div>\n<div class=\"t m0 x7 h4f y921 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es of future cash flo<span class=\"_ _0\"></span>ws using di<span class=\"_ _0\"></span>scount <span class=\"wsef\">cur<span class=\"_ _0\"></span>ves<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">that are det<span class=\"_ _2\"></span>ermined </span></span></span></div>\n<div class=\"t m0 x7 h4f y922 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using a top<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">down metho<span class=\"lse2 wsfa\">dology, aligning to th<span class=\"_ _2\"></span>e methodology used<span class=\"_ _2\"></span>\u00a0under </span></span></span></div>\n<div class=\"t m0 x7 h4f y923 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Solvency <span class=\"_ _2\"></span>II pillar 2.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y924 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y925 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The risk adju<span class=\"_ _2\"></span>stment for non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">financi<span class=\"_ _0\"></span>al risk ref<span class=\"_ _2b\"></span>lects the co<span class=\"_ _0\"></span>mpensat<span class=\"_ _0\"></span>ion that<span class=\"_ _0\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y926 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas req<span class=\"_ _0\"></span>uires fo<span class=\"_ _0\"></span>r bearing un<span class=\"_ _0\"></span>certai<span class=\"_ _0\"></span>nty about t<span class=\"_ _0\"></span>he amount an<span class=\"_ _0\"></span>d timing of</div>\n<div class=\"t m0 x7 h4f y927 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cash f<span class=\"_ _2b\"></span>lows of the gr<span class=\"_ _0\"></span>oup of ins<span class=\"_ _2b\"></span>urance c<span class=\"wsf0\">ontract<span class=\"_ _0\"></span>s that aris<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>fro<span class=\"_ _0\"></span>m non<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x7 h4f y928 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al risk. It c<span class=\"_ _0\"></span>overs ins<span class=\"_ _0\"></span>urance ris<span class=\"_ _2b\"></span>k and other non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">financial risks,<span class=\"_ _2\"></span>\u00a0such </span></span></div>\n<div class=\"t m0 x7 h4f y929 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as lapse and ex<span class=\"_ _2b\"></span>pense risk.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y92a ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y92b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The subsi<span class=\"_ _0\"></span>diaries of<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>Ageas<span class=\"_ _0\"></span>\u00a0will calc<span class=\"_ _0\"></span>ulate the ri<span class=\"_ _0\"></span>sk adjustm<span class=\"_ _2b\"></span>ent for non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y92c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al risk usi<span class=\"_ _0\"></span>ng a confide<span class=\"_ _0\"></span>nce level ap<span class=\"_ _0\"></span>proach,<span class=\"_ _0\"></span>\u00a0target<span class=\"_ _0\"></span>ing the 75</div>\n<div class=\"t m0 x75 h64 y92d ff72 fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">th</div>\n<div class=\"t m0 x215 h4f y92e ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y92f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">percent<span class=\"_ _0\"></span>ile. No gro<span class=\"_ _0\"></span>up divers<span class=\"_ _0\"></span>ificati<span class=\"_ _0\"></span>on effect<span class=\"_ _0\"></span>s are appl<span class=\"_ _0\"></span>ied. Subj<span class=\"_ _0\"></span>ect to</div>\n<div class=\"t m0 x1a h4f y930 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">appropri<span class=\"_ _2b\"></span>ate manageme<span class=\"_ _0\"></span>nt level a<span class=\"_ _2b\"></span>pproval, the ri<span class=\"_ _0\"></span>sk adjus<span class=\"_ _0\"></span>tment s<span class=\"_ _0\"></span>hould</div>\n<div class=\"t m0 x1a h4f y931 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">include an allow<span class=\"_ _2\"></span>ance to adequately reflect<span class=\"_ _2\"></span>\u00a0emerging risks and</div>\n<div class=\"t m0 x1a h4f y932 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ainties.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y933 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y934 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ls0 ws0\">c</span>on<span class=\"_ _2\"></span>tractual <span class=\"ls0 ws0\">s<span class=\"lse1 wsf0\">ervice <span class=\"_ _2\"></span></span>m<span class=\"lse0 wsef\">ar</span></span><span class=\"wsfa\">gin (</span>CSM<span class=\"ls0 ws0\">) </span><span class=\"wsfa\">rep<span class=\"_ _2\"></span>resents the unearne<span class=\"_ _2\"></span>d profit on </span></div>\n<div class=\"t m0 x1a h4f y935 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">a group o<span class=\"_ _2\"></span>f insurance cont<span class=\"_ _2\"></span>racts.<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">As a direct conseque<span class=\"_ _2\"></span>nce of the </span></div>\n<div class=\"t m0 x1a h4f y936 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion of <span class=\"wsfa\">a contract<span class=\"_ _0\"></span>ual serv<span class=\"_ _0\"></span>ice marg<span class=\"_ _2b\"></span>in<span class=\"wsf0\">, any day one gains in t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f y937 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fulfilm<span class=\"_ _2b\"></span>ent cash flows are def<span class=\"_ _0\"></span>erred. <span class=\"lse2 ws103\">Ageas will recognise th<span class=\"ls0 ws0\">e<span class=\"_ _2\"></span>\u00a0</span><span class=\"wsf1\">unearned </span></span></div>\n<div class=\"t m0 x1a h4f y938 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">profit <span class=\"lse2 wsf1\">on<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">a group o<span class=\"_ _2\"></span>f insurance contrac<span class=\"_ _2\"></span>ts <span class=\"ls102 ws129\">in its<span class=\"ls0 ws0\">\u00a0</span></span></span>consol<span class=\"_ _2\"></span>idated<span class=\"ls0 ws0\">\u00a0</span></span>income</div>\n<div class=\"t m0 x1a h4f y939 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt over the per<span class=\"_ _2b\"></span>iod that it prov<span class=\"_ _0\"></span>ides ins<span class=\"_ _2b\"></span>urance contra<span class=\"_ _0\"></span>ct serv<span class=\"_ _0\"></span>ices.</div>\n<div class=\"t m0 x1a h4f y93a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Weighted coverage<span class=\"_ _2\"></span>\u00a0units <span class=\"ls106 ws10c\">will be<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"wsfa\">used for multi<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>cover insurance </span></div>\n<div class=\"t m0 x1a h4f y93b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span>s, when rel<span class=\"_ _2b\"></span>evant to have a result p<span class=\"_ _0\"></span>rofile in l<span class=\"_ _0\"></span>ine with the n<span class=\"_ _0\"></span>ature of</div>\n<div class=\"t m0 x1a h4f y93c ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cont<span class=\"_ _0\"></span>ract. Ot<span class=\"_ _2b\"></span>herwise, the m<span class=\"_ _2b\"></span>ost relevant si<span class=\"_ _2b\"></span>ngle covera<span class=\"_ _0\"></span>ge unit <span class=\"ls106 ws115\">w<span class=\"_ _0\"></span>ill be<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y93d ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">used.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y93e ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y93f ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"wsfa\">contra<span class=\"_ _2\"></span>ctual service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">of a grou<span class=\"_ _0\"></span>p of insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cont<span class=\"_ _2b\"></span>racts can </span></span></span></div>\n<div class=\"t m0 x1a h4f y940 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">never b<span class=\"_ _0\"></span>e negativ<span class=\"_ _2b\"></span>e. In such a sit<span class=\"_ _0\"></span>uation,<span class=\"_ _2b\"></span>\u00a0the group of ins<span class=\"_ _2b\"></span>urance contr<span class=\"_ _2b\"></span>acts</div>\n<div class=\"t m0 x1a h4f y941 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is onerou<span class=\"_ _2\"></span>s (i.e. bein<span class=\"lse0 wsf0\">g in a loss positi<span class=\"_ _0\"></span>on), and any l<span class=\"_ _2b\"></span>oss is immediately<span class=\"_ _0\"></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y942 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y943 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">General Mea<span class=\"_ _2\"></span>surement Model <span class=\"ls0 ws0\">\u2013<span class=\"_ _2\"></span>\u00a0</span>subsequent measur<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y944 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The carry<span class=\"_ _2b\"></span>ing amount of a <span class=\"_ _2b\"></span>group of insur<span class=\"_ _0\"></span>ance co<span class=\"_ _0\"></span>ntracts <span class=\"_ _0\"></span>at a rep<span class=\"_ _0\"></span>orting</div>\n<div class=\"t m0 x1a h4f y945 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date is t<span class=\"_ _0\"></span>he sum of<span class=\"_ _0\"></span>\u00a0the lia<span class=\"_ _0\"></span>bility f<span class=\"_ _2b\"></span>or remaining c<span class=\"_ _0\"></span>o<span class=\"lse2\">verage, includi<span class=\"_ _2\"></span>ng any </span></div>\n<div class=\"t m0 x1a h4f y946 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>ual service mar<span class=\"_ _0\"></span>gin or loss co<span class=\"_ _0\"></span>mponent,<span class=\"_ _0\"></span>\u00a0and the liab<span class=\"_ _0\"></span>ility fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f y947 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d claims<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y948 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y949 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fulfil<span class=\"_ _2b\"></span>ment cash flows are r<span class=\"_ _0\"></span>emeasu<span class=\"_ _0\"></span>red at ever<span class=\"_ _0\"></span>y reporti<span class=\"_ _2b\"></span>ng period using</div>\n<div class=\"t m0 x1a h4f y94a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">current estima<span class=\"_ _2\"></span>tes of future cash flows, cur<span class=\"_ _2\"></span>rent discount rates and <span class=\"wsf1\">cur<span class=\"_ _2\"></span>rent </span></div>\n<div class=\"t m0 x1a h4f y94b ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es of the risk a<span class=\"_ _2b\"></span>djustment for n<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">financ<span class=\"_ _0\"></span>ial risks.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y94c ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y94d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In remeas<span class=\"_ _2b\"></span>uring the fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows <span class=\"lse2 ws103\">of the liability for rem<span class=\"_ _2\"></span>aining </span></div>\n<div class=\"t m0 x1a h4f y94e ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coverage <span class=\"_ _2\"></span><span class=\"ws103\">in subsequent reporting period<span class=\"_ _2\"></span>s, certain changes in the </span></div>\n<div class=\"t m0 x1a h4f y94f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fulfilm<span class=\"_ _2b\"></span>ent cash flows are adj<span class=\"_ _0\"></span>usted aga<span class=\"_ _0\"></span>inst the <span class=\"lse2 wsfa\">contractual service ma<span class=\"_ _2\"></span>rgin<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y950 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and will t<span class=\"_ _2b\"></span>herefore be rec<span class=\"_ _2b\"></span>ognised in th<span class=\"_ _0\"></span>e incom<span class=\"_ _2b\"></span>e statement ov<span class=\"_ _0\"></span>er the</div>\n<div class=\"t m0 x1a h4f y951 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>ng period d<span class=\"_ _2b\"></span>uring which Ageas pr<span class=\"_ _0\"></span>ovides i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contr<span class=\"lsf4 ws10c\">act </span></div>\n<div class=\"t m0 x1a h4f y952 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s. Inter<span class=\"_ _0\"></span>est for the pa<span class=\"_ _0\"></span>ssage of tim<span class=\"_ _0\"></span>e is accrete<span class=\"_ _0\"></span>d on the <span class=\"lse2 wsf1\">contractual </span></div>\n<div class=\"t m0 x1a h4f y953 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"lse0 wsf0\">, using d<span class=\"_ _2b\"></span>iscount rates at<span class=\"_ _0\"></span>\u00a0initial rec<span class=\"_ _0\"></span>ognitio<span class=\"_ _2b\"></span>n of <span class=\"_ _2\"></span>the </span></div>\n<div class=\"t m0 x1a h4f y954 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">contracts.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y955 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Premium Alloc<span class=\"_ _2\"></span>ation Approach<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y956 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>permits<span class=\"_ _0\"></span>\u00a0an entity<span class=\"_ _0\"></span>\u00a0to meas<span class=\"_ _2b\"></span>ure groups of i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e contracts th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x1a h4f y957 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">meet spec<span class=\"_ _0\"></span>ific con<span class=\"_ _0\"></span>ditions, suc<span class=\"_ _2b\"></span>h as insurance cont<span class=\"_ _0\"></span>racts tha<span class=\"_ _2b\"></span>t <span class=\"_ _2\"></span>have a</div>\n<div class=\"t m0 x1a h4f y958 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coverag<span class=\"_ _2b\"></span>e period of one year or le<span class=\"_ _0\"></span>ss, apply<span class=\"_ _2b\"></span>ing the simplified P<span class=\"_ _0\"></span>remium</div>\n<div class=\"t m0 x1a h4f y959 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Allocat<span class=\"_ _0\"></span>ion Appro<span class=\"_ _2b\"></span>ach (instead of the G<span class=\"lse2 wsfa\">eneral Measurement Model</span><span class=\"wsef\">).<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y95a ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y95b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In applyi<span class=\"_ _0\"></span>ng the <span class=\"lse2 wsfa\">Premium Allocation<span class=\"_ _2\"></span>\u00a0Approach<span class=\"ws103\">, Ageas </span></span><span class=\"wsef\">intends<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">to </span></span></span></div>\n<div class=\"t m0 x1a h4f y95c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>se any insu<span class=\"_ _0\"></span>rance acq<span class=\"_ _2b\"></span>uisition cash flow<span class=\"_ _0\"></span>s as an expens<span class=\"_ _0\"></span>e when it</div>\n<div class=\"t m0 x1a h4f y95d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">incurs t<span class=\"_ _0\"></span>hose cos<span class=\"_ _0\"></span>ts, prov<span class=\"_ _2b\"></span>ided that the <span class=\"_ _0\"></span>initial c<span class=\"_ _2b\"></span>overage peri<span class=\"_ _0\"></span>od at th<span class=\"_ _0\"></span>e initial</div>\n<div class=\"t m0 x1a h4f y95e ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion date of the groups of<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts is no mo<span class=\"_ _0\"></span>re than</div>\n<div class=\"t m0 x1a h4f y95f ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">one year. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Applying the <span class=\"wsfa\">Pre<span class=\"_ _2\"></span>mium Allocation Appro<span class=\"_ _2\"></span>ach<span class=\"lse0 wsf0\">, the li<span class=\"_ _0\"></span>ability for r<span class=\"_ _0\"></span>emaini<span class=\"_ _0\"></span>ng </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coverage <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">is<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"ws103\">initially recogn<span class=\"_ _2\"></span>ised as the premiums received a<span class=\"_ _2\"></span>t initial </span></div>\n<div class=\"t m0 x7 h4f y804 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>, if any. Subsequen<span class=\"_ _2\"></span>tly, the carrying amo<span class=\"_ _2\"></span>unt of the liabi<span class=\"_ _2\"></span>lity for</div>\n<div class=\"t m0 x7 h4f y805 ff77 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>n<span class=\"wsfa\">g cove<span class=\"_ _2b\"></span>rage is<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">measured as<span class=\"_ _2\"></span></span>\u00a0</span><span class=\"wsf0\">the car<span class=\"_ _0\"></span>rying amo<span class=\"_ _2b\"></span>unt at the start of </span></span></div>\n<div class=\"t m0 x7 h4f y806 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the repo<span class=\"_ _0\"></span>rting p<span class=\"_ _2b\"></span>eriod, plus the p<span class=\"_ _2b\"></span>remiums receiv<span class=\"_ _2b\"></span>ed in the period <span class=\"_ _2b\"></span>minus the</div>\n<div class=\"t m0 x7 h4f y807 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount r<span class=\"_ _2b\"></span>ecognised as <span class=\"_ _0\"></span>insuran<span class=\"_ _0\"></span>ce reve<span class=\"_ _2b\"></span>nue for covera<span class=\"_ _0\"></span>ge provi<span class=\"_ _0\"></span>ded in th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y808 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period, a<span class=\"_ _0\"></span>nd minus any<span class=\"_ _0\"></span>\u00a0investme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mponent<span class=\"_ _0\"></span>\u00a0paid or t<span class=\"lse2 ws103\">ransferred to the </span></div>\n<div class=\"t m0 x7 h4f y809 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liability<span class=\"_ _2\"></span>\u00a0for incurred claims. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80a ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80b ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If at any time<span class=\"_ _2\"></span>\u00a0before and during the coverage per<span class=\"_ _2\"></span>iod, facts and</div>\n<div class=\"t m0 x7 h4f y80c ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">circumstances<span class=\"_ _2\"></span>\u00a0indicate that a group of ins<span class=\"_ _2\"></span>urance contracts is onerous<span class=\"_ _2\"></span>,</div>\n<div class=\"t m0 x7 h4f y80d ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">then Ageas <span class=\"_ _2\"></span>recognises a lo<span class=\"_ _2\"></span>ss in the income<span class=\"_ _2\"></span>\u00a0statement and in<span class=\"_ _2\"></span>creases the<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80e ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y for re<span class=\"_ _0\"></span>maining <span class=\"_ _0\"></span>covera<span class=\"_ _2b\"></span>ge to the extent<span class=\"_ _2b\"></span>\u00a0that the curre<span class=\"_ _0\"></span>nt estim<span class=\"_ _2b\"></span>ates of</div>\n<div class=\"t m0 x7 h4f y80f ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the fulfi<span class=\"_ _2b\"></span>lment cash flo<span class=\"_ _2b\"></span>ws that relate t<span class=\"_ _2b\"></span>o remaining c<span class=\"_ _0\"></span>overag<span class=\"_ _0\"></span>e exceed t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y810 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amoun<span class=\"_ _2\"></span>t of the liability for remaini<span class=\"_ _2\"></span>ng coverage.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90a ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y90b ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The carryin<span class=\"_ _2\"></span>g amount of the<span class=\"_ _2\"></span>\u00a0liability for inc<span class=\"_ _2\"></span>urred<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">claims of a gr<span class=\"_ _2b\"></span>oup of </span></span></div>\n<div class=\"t m0 x7 h4f y90c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts meas<span class=\"_ _0\"></span>ured apply<span class=\"_ _2b\"></span>ing the Premium Al<span class=\"_ _2b\"></span>location</div>\n<div class=\"t m0 x7 h4f y90d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Approac<span class=\"_ _0\"></span>h includ<span class=\"_ _0\"></span>es the amou<span class=\"_ _0\"></span>nt of the risk<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">adjusted<span class=\"_ _2\"></span>\u00a0discounted fulfil<span class=\"_ _2\"></span>ment </span></span></div>\n<div class=\"t m0 x7 h4f y90e ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws, dis<span class=\"_ _0\"></span>counted <span class=\"_ _0\"></span>at curr<span class=\"_ _0\"></span>ent rate<span class=\"_ _2b\"></span>s, relating to t<span class=\"_ _2b\"></span>he incurred c<span class=\"_ _0\"></span>laims</div>\n<div class=\"t m0 x7 h4f y90f ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the e<span class=\"_ _0\"></span>xpenses<span class=\"_ _0\"></span>\u00a0that h<span class=\"_ _0\"></span>ave n<span class=\"wsf0\">ot yet b<span class=\"_ _2b\"></span>een paid.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y910 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y911 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas intend<span class=\"_ _2\"></span>s to apply the <span class=\"lse0 wsf0\">Premium Allocat<span class=\"_ _0\"></span>ion Appro<span class=\"_ _0\"></span>ach<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">for th<span class=\"_ _0\"></span>e largest<span class=\"_ _0\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y912 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">part of the eli<span class=\"_ _2b\"></span>gible groups of cont<span class=\"_ _2b\"></span>racts in its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-<span class=\"lse2 ws103\">li<span class=\"_ _2\"></span>fe and its reinsurance </span></span></div>\n<div class=\"t m0 x7 h4f y913 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business. Ag<span class=\"_ _2\"></span>eas intends to al<span class=\"_ _2\"></span>so apply the<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Pr<span class=\"_ _0\"></span>emium All<span class=\"_ _0\"></span>ocatio<span class=\"_ _0\"></span>n Approac<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y914 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for a limite<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>set of<span class=\"_ _0\"></span>\u00a0eligibl<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s in its <span class=\"ls0 ws0\">L</span>ife busin<span class=\"_ _2b\"></span>ess, for which the</div>\n<div class=\"t m0 x7 h4f y915 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risks can be re<span class=\"_ _2b\"></span>priced on an annua<span class=\"_ _0\"></span>l basis.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y962 ff79 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Variable Fe<span class=\"_ _2\"></span>e Approach<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y963 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>requires<span class=\"_ _0\"></span>\u00a0an ent<span class=\"_ _0\"></span>ity to me<span class=\"_ _2b\"></span>asure groups of<span class=\"_ _0\"></span>\u00a0insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts</div>\n<div class=\"t m0 x7 h4f y964 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">with direct par<span class=\"_ _2\"></span>ticipation features applyi<span class=\"_ _2\"></span>ng the<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">Variable Fe<span class=\"_ _2\"></span>e Approach </span></div>\n<div class=\"t m0 x7 h4f y965 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(inste<span class=\"_ _0\"></span>ad of the G<span class=\"lse2 wsfa\">eneral Measurement<span class=\"_ _2\"></span>\u00a0Model<span class=\"lsf4 ws10c\">). <span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y966 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y967 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"wsfa\">Gener<span class=\"_ _2\"></span>al Measurement Mode<span class=\"_ _2\"></span>l<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">and t<span class=\"_ _2b\"></span>he <span class=\"lse2\">Variab<span class=\"_ _2\"></span>le Fee Approach<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f y968 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">measure t<span class=\"_ _2b\"></span>he fulfilment<span class=\"_ _2b\"></span>\u00a0cash flows in t<span class=\"_ _2b\"></span>he same way. T<span class=\"_ _0\"></span>here is <span class=\"_ _0\"></span>however <span class=\"_ _2b\"></span>a</div>\n<div class=\"t m0 x7 h4f y969 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nce in the m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ent of the <span class=\"lse2 wsfa\">contractual service <span class=\"wsf1\">m<span class=\"_ _2\"></span>argin<span class=\"lsfd ws120\">. On </span></span></span></div>\n<div class=\"t m0 x7 h4f y96a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">initial rec<span class=\"_ _2b\"></span>ognition of a gro<span class=\"_ _0\"></span>up of insura<span class=\"_ _2b\"></span>nce contracts wit<span class=\"_ _0\"></span>h direct</div>\n<div class=\"t m0 x7 h4f y96b ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures, ther<span class=\"_ _0\"></span>e is no dif<span class=\"_ _2b\"></span>ference betw<span class=\"_ _0\"></span>een the <span class=\"_ _0\"></span><span class=\"lse2 wsf1\">contractual<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y96c ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">determined applying<span class=\"_ _2\"></span>\u00a0the General Measurement Model<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf1\">or </span></span></div>\n<div class=\"t m0 x7 h4f y96d ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"wsfa\">Variab<span class=\"_ _2\"></span>le Fee Approach. <span class=\"_ _2\"></span>In subsequent<span class=\"ls0 ws0\">\u00a0</span>repor<span class=\"_ _2\"></span>ting periods, the<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y96e ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contractual<span class=\"_ _2\"></span>\u00a0service margin<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">of a group of i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>h direct </span></div>\n<div class=\"t m0 x7 h4f y96f ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participation<span class=\"_ _2\"></span>\u00a0features, that is measured app<span class=\"_ _2\"></span>lying the Variable Fee</div>\n<div class=\"t m0 x7 h4f y970 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Approach<span class=\"lse0 wsf0\">, is adjusted wit<span class=\"_ _0\"></span>h the chang<span class=\"_ _0\"></span>es in disco<span class=\"_ _0\"></span>unt rates an<span class=\"_ _2b\"></span>d other </span></div>\n<div class=\"t m0 x7 h4f y971 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al vari<span class=\"_ _0\"></span>ables (i<span class=\"_ _0\"></span>n t<span class=\"wsf0\">he G</span><span class=\"lse2\">eneral Measurement M<span class=\"_ _2\"></span>odel<span class=\"ls0 ws0\">\u00a0</span></span>such c<span class=\"_ _0\"></span>hanges</div>\n<div class=\"t m0 x7 h4f y972 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are report<span class=\"_ _0\"></span>ed in the stat<span class=\"_ _2b\"></span>ement of compreh<span class=\"_ _2b\"></span>ensive income).<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y973 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y974 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Variabl<span class=\"_ _2\"></span>e Fee Approach<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">cannot be applied to g<span class=\"_ _2b\"></span>roups of Life </span></span></div>\n<div class=\"t m0 x7 h4f y975 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts wit<span class=\"_ _2b\"></span>h fully discret<span class=\"_ _2b\"></span>ionary profit<span class=\"_ _0\"></span>\u00a0sharin<span class=\"_ _0\"></span>g and to g<span class=\"_ _2b\"></span>roups</div>\n<div class=\"t m0 x7 h4f y976 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of reinsuran<span class=\"_ _2\"></span>ce contracts (bo<span class=\"_ _2\"></span>th reinsurance con<span class=\"_ _2\"></span>tracts held and is<span class=\"_ _2\"></span>sued).<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y977 ff79 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Modification<span class=\"_ _2\"></span>\u00a0and derecognition<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y978 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If the te<span class=\"_ _0\"></span>rms of a<span class=\"_ _0\"></span>n insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>ract are modif<span class=\"_ _0\"></span>ied in a s<span class=\"_ _2b\"></span>ubstantive w<span class=\"_ _0\"></span>ay,</div>\n<div class=\"t m0 x1a h4f y979 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas dere<span class=\"_ _2\"></span>cognise<span class=\"ls0 ws0\">s <span class=\"ls102 ws129\">the ini<span class=\"_ _2\"></span>tial</span>\u00a0</span><span class=\"lse0\">contrac<span class=\"_ _0\"></span>t and rec<span class=\"_ _2b\"></span>ognises the mo<span class=\"_ _2b\"></span>dified </span></div>\n<div class=\"t m0 x1a h4f y97a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span>\u00a0as a new contr<span class=\"_ _0\"></span>act, bas<span class=\"_ _0\"></span>ed<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">on speci<span class=\"_ _2\"></span>fic criteria.</span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y97b ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y97c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 req<span class=\"_ _0\"></span>uires that<span class=\"_ _0\"></span>\u00a0an insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>act is derec<span class=\"_ _2b\"></span>ognised when it is</div>\n<div class=\"t m0 x1a h4f y97d ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">extinguished.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y97e ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Recognit<span class=\"_ _2b\"></span>ion and presentat<span class=\"_ _2b\"></span>ion in the statemen<span class=\"_ _0\"></span>t of financ<span class=\"_ _0\"></span>ial posit<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y97f ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas will<span class=\"_ _2\"></span>\u00a0present separatel<span class=\"_ _2\"></span>y in its <span class=\"lse0 wsef\">consolidat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"wsf0\">st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>\u00a0of financi<span class=\"_ _0\"></span>al </span></span></div>\n<div class=\"t m0 x1a h4f y980 ff77 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">posi<span class=\"_ _2\"></span>ti<span class=\"lse0 wsfa\">on the c<span class=\"_ _2b\"></span>arrying amount<span class=\"_ _0\"></span>\u00a0of port<span class=\"_ _0\"></span>folios<span class=\"_ _2b\"></span>\u00a0of:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y981 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span>\u00a0issued t<span class=\"_ _0\"></span>hat are <span class=\"_ _0\"></span>assets;<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y982 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span>\u00a0issued t<span class=\"_ _0\"></span>hat are <span class=\"_ _0\"></span>liabilit<span class=\"_ _2b\"></span>ies;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y983 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse2 ws103\">R<span class=\"_ _2\"></span>einsurance contracts held<span class=\"_ _2\"></span>\u00a0that are assets; and</span><span class=\"ff77\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y984 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse2 wsf1\">R<span class=\"_ _2\"></span>einsurance</span><span class=\"ff77\">\u00a0<span class=\"lse0 wsfa\">contracts <span class=\"_ _2b\"></span>held that are l<span class=\"_ _0\"></span>iabilit<span class=\"_ _2b\"></span>ies.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 y985 ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Recognit<span class=\"_ _2b\"></span>ion and presentat<span class=\"_ _2b\"></span>ion in the income stat<span class=\"_ _2b\"></span>ement<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y986 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In its conso<span class=\"_ _0\"></span>lidated i<span class=\"_ _2b\"></span>ncome statement<span class=\"_ _0\"></span>, Ageas wi<span class=\"_ _0\"></span>ll present<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce</div>\n<div class=\"t m0 x1a h4f y987 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service <span class=\"_ _0\"></span>result<span class=\"_ _0\"></span>s (compri<span class=\"_ _2b\"></span>sing insuranc<span class=\"_ _0\"></span>e reven<span class=\"_ _0\"></span>ue less i<span class=\"_ _2b\"></span>nsurance serv<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x1a h4f y988 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _2b\"></span>) separately<span class=\"_ _0\"></span>\u00a0from ins<span class=\"_ _2b\"></span><span class=\"wsf0\">urance finance inc<span class=\"_ _2b\"></span>ome and expenses<span class=\"_ _0\"></span>. </span></div>\n<div class=\"t m0 x1a h4f y989 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The present<span class=\"_ _2\"></span>ation of insurance<span class=\"_ _2\"></span>\u00a0revenue and in<span class=\"_ _2\"></span>surance service expen<span class=\"_ _2\"></span>ses</div>\n<div class=\"t m0 x1a h4f y98a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is based on th<span class=\"_ _0\"></span>e concept of<span class=\"_ _0\"></span>\u00a0insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act servic<span class=\"_ _2b\"></span>es provided duri<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y98b ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the repor<span class=\"_ _2\"></span>ting period.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y98c ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y98d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment comp<span class=\"_ _0\"></span>onents, w<span class=\"_ _2b\"></span>hich are amounts th<span class=\"_ _0\"></span>at the policy<span class=\"_ _2b\"></span>h<span class=\"ls102 ws115\">old<span class=\"_ _2\"></span>er will </span></div>\n<div class=\"t m0 x1a h4f y98e ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">always recei<span class=\"_ _2\"></span>ve, regardless o<span class=\"_ _2\"></span>f whether an insured<span class=\"_ _2\"></span>\u00a0event happens, <span class=\"_ _2\"></span>will</div>\n<div class=\"t m0 x1a h4f y98f ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not be pres<span class=\"_ _0\"></span>ented in the<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsef\">co<span class=\"_ _2b\"></span>nsolidated<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">inco<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment but<span class=\"_ _0\"></span>\u00a0will be </span></span></div>\n<div class=\"t m0 x1a h4f y990 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed dir<span class=\"_ _0\"></span>ectly in t<span class=\"_ _2b\"></span>he <span class=\"lse2 wsf1\">consoli<span class=\"_ _2\"></span>dated </span>statem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _2b\"></span>nancial posit<span class=\"_ _0\"></span>ion.</div>\n<div class=\"t m0 x1a h4f y991 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">To deter<span class=\"_ _2b\"></span>mine whether <span class=\"_ _0\"></span>an insu<span class=\"_ _0\"></span>rance con<span class=\"lse2 ws103\">t<span class=\"_ _0\"></span>ract includes an i<span class=\"_ _2\"></span>nvestment </span></div>\n<div class=\"t m0 x1a h4f y992 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">component, Age<span class=\"_ _2\"></span>as assesses at i<span class=\"_ _2\"></span>nception <span class=\"lse0 wsf0\">of the cont<span class=\"_ _0\"></span>ract whet<span class=\"_ _0\"></span>her \u2018a </span></div>\n<div class=\"t m0 x1a h4f y993 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>\u00a0would <span class=\"_ _0\"></span>occur in a<span class=\"_ _0\"></span>ll circ<span class=\"_ _0\"></span>umstanc<span class=\"_ _0\"></span>es\u2019. To i<span class=\"_ _0\"></span>nclude <span class=\"_ _0\"></span>\u2018all</div>\n<div class=\"t m0 x1a h4f y994 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">circumst<span class=\"_ _2b\"></span>ances\u2019 in this<span class=\"_ _2b\"></span>\u00a0assessment, <span class=\"_ _0\"></span>all possi<span class=\"_ _2b\"></span>ble events th<span class=\"_ _0\"></span>at termi<span class=\"_ _0\"></span>nate th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y995 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contract and<span class=\"_ _2\"></span>\u00a0trigger a pos<span class=\"_ _2\"></span>si<span class=\"lse0\">ble <span class=\"_ _2b\"></span>payment to a pol<span class=\"_ _2b\"></span>icyholder are </span></div>\n<div class=\"t m0 x1a h4f y996 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>red. These possib<span class=\"_ _0\"></span>le events a<span class=\"_ _2b\"></span>re contract canc<span class=\"_ _0\"></span>ellatio<span class=\"_ _0\"></span>n by the</div>\n<div class=\"t m0 x1a h4f y997 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy<span class=\"_ _0\"></span>holder, mat<span class=\"_ _2b\"></span>urity and all insu<span class=\"_ _0\"></span>red events<span class=\"_ _0\"></span>\u00a0(e.g. deat<span class=\"_ _0\"></span>h or surviv<span class=\"_ _0\"></span>al).<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y998 ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce financ<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome and exp<span class=\"_ _0\"></span>enses<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y999 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under IF<span class=\"_ _0\"></span>RS 17, t<span class=\"_ _0\"></span>he fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s and <span class=\"lse2 wsf1\">the </span>contra<span class=\"_ _2b\"></span>ctual service</div>\n<div class=\"t m0 x1a h4f y99a ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">margin<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">are reported on a dis<span class=\"_ _0\"></span>counted ba<span class=\"_ _2b\"></span>sis, reflecting t<span class=\"_ _0\"></span>he timing of<span class=\"_ _0\"></span>\u00a0the </span></span></div>\n<div class=\"t m0 x1a h4f y99b ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>. IFRS 17 pe<span class=\"_ _2b\"></span>rmits an entity to pres<span class=\"_ _2b\"></span>ent the effects of ch<span class=\"_ _2b\"></span>anges</div>\n<div class=\"t m0 x1a h4f y99c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in discou<span class=\"_ _0\"></span>nt rates and ot<span class=\"_ _2b\"></span>her financial vari<span class=\"_ _2b\"></span>ables either in the inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x1a h4f y99d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt or partly<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _2b\"></span>ement and part<span class=\"_ _0\"></span>ly in ot<span class=\"_ _0\"></span>her </span></div>\n<div class=\"t m0 x1a h4f y99e ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">comprehensive in<span class=\"_ _2\"></span>come, depending on the entit<span class=\"_ _2\"></span>y\u2019s accounting policy</div>\n<div class=\"t m0 x1a h4f y99f ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">choice. A<span class=\"_ _0\"></span>geas int<span class=\"_ _0\"></span>ends to dis<span class=\"_ _0\"></span>aggregat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>the ef<span class=\"_ _0\"></span>fects of c<span class=\"_ _0\"></span>hanges i<span class=\"_ _0\"></span>n discount<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y9a0 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rates betw<span class=\"_ _2b\"></span>een the income stat<span class=\"_ _2b\"></span>ement and other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x1a h4f y9a1 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">for the l<span class=\"_ _0\"></span>argest p<span class=\"_ _2b\"></span>art of its insur<span class=\"_ _2b\"></span>ance portfoli<span class=\"_ _2b\"></span>os.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 330px; height: 776px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 330px; height: 776px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 330px; height: 776px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 330px; height: 776px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under the Ge<span class=\"_ _2\"></span>neral Measurement<span class=\"_ _2\"></span>\u00a0Model, disaggregation<span class=\"_ _2\"></span>\u00a0means</div>\n<div class=\"t m0 x7 h4f y803 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">presenting in<span class=\"_ _2\"></span>\u00a0the income statement an amount de<span class=\"_ _2\"></span>termined by a</div>\n<div class=\"t m0 x7 h4f y804 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">system<span class=\"_ _0\"></span>atic all<span class=\"_ _0\"></span>ocation <span class=\"_ _0\"></span>of the <span class=\"_ _0\"></span>expecte<span class=\"_ _0\"></span>d total f<span class=\"_ _0\"></span>inance i<span class=\"_ _2b\"></span>ncome <span class=\"wsf0\">or expen<span class=\"_ _0\"></span>ses </span></div>\n<div class=\"t m0 x7 h4f y805 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">over the d<span class=\"_ _2\"></span>uration of the gro<span class=\"_ _2\"></span>up of insurance<span class=\"_ _2\"></span>\u00a0contracts. On derecog<span class=\"_ _2\"></span>nition</div>\n<div class=\"t m0 x7 h4f y806 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the g<span class=\"_ _0\"></span>roup, am<span class=\"_ _0\"></span>ounts re<span class=\"_ _2b\"></span>maining in ot<span class=\"_ _0\"></span>her comp<span class=\"_ _0\"></span>rehens<span class=\"_ _0\"></span>ive inco<span class=\"_ _2b\"></span>me are</div>\n<div class=\"t m0 x7 h4f y807 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reclass<span class=\"_ _0\"></span>ified t<span class=\"_ _0\"></span>o the inc<span class=\"_ _2b\"></span>ome statement.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y808 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y809 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under the <span class=\"wsfa\">Variabl<span class=\"_ _2\"></span>e Fee Approach<span class=\"lse0 wsf0\">, only where the enti<span class=\"_ _0\"></span>ty holds the </span></span></div>\n<div class=\"t m0 x7 h4f y80a ff7c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">un<span class=\"lse2 ws103\">derlying items, dis<span class=\"_ _2\"></span>aggregation means presenting<span class=\"_ _2\"></span>\u00a0in the income </span></div>\n<div class=\"t m0 x7 h4f y80b ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt as insuranc<span class=\"_ _0\"></span>e financ<span class=\"_ _2b\"></span>e income or exp<span class=\"_ _0\"></span>enses a<span class=\"_ _0\"></span>n amoun<span class=\"_ _0\"></span>t that</div>\n<div class=\"t m0 x7 h4f y80c ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e accounting mism<span class=\"_ _2b\"></span>atches with the fin<span class=\"_ _2b\"></span>ance income or</div>\n<div class=\"t m0 x7 h4f y80d ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span>\u00a0arisi<span class=\"_ _0\"></span>ng on the <span class=\"_ _0\"></span>underly<span class=\"_ _0\"></span>ing ite<span class=\"_ _0\"></span>ms. On d<span class=\"_ _0\"></span>erecog<span class=\"_ _0\"></span>nition,<span class=\"_ _0\"></span>\u00a0the</div>\n<div class=\"t m0 x7 h4f y80e ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">a<span class=\"lse0 wsf0\">mounts prev<span class=\"_ _0\"></span>iously<span class=\"_ _0\"></span>\u00a0recognis<span class=\"_ _0\"></span>ed in other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _2b\"></span>ive income rem<span class=\"_ _0\"></span>ain </span></div>\n<div class=\"t m0 x7 h4f y80f ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">there.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y885 ff7e fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impact asse<span class=\"_ _2\"></span>ssment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y886 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The estim<span class=\"_ _2b\"></span>ated impact of the ado<span class=\"_ _0\"></span>ption of IF<span class=\"_ _0\"></span>RS 17 by the su<span class=\"_ _0\"></span>bsidiar<span class=\"_ _0\"></span>ies of</div>\n<div class=\"t m0 x7 h4f y8cf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas at th<span class=\"_ _0\"></span>e transi<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. 1 Janua<span class=\"_ _0\"></span>ry 2022) is c<span class=\"_ _0\"></span>larified <span class=\"wsfa\">i<span class=\"_ _2b\"></span>n section </span></div>\n<div class=\"t m0 x7 h4f y8d0 ff7c fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">D. <span class=\"lse2 wsf1\">below.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y889 ff7c fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">D.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1b8\">\u00a0</span><span class=\"lse0 wsf0\">Estimated i<span class=\"_ _0\"></span>mpact of<span class=\"_ _0\"></span>\u00a0the adoption<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 on<span class=\"_ _0\"></span>\u00a01 </span></span></div>\n<div class=\"t m0 x217 h4f y88a ff7c fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9a4 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">All subs<span class=\"_ _0\"></span>idiarie<span class=\"_ _2b\"></span>s of Ageas have m<span class=\"_ _2b\"></span>aterially fin<span class=\"_ _0\"></span>alised t<span class=\"_ _2b\"></span>heir opening <span class=\"_ _0\"></span>balance</div>\n<div class=\"t m0 x7 h4f y9a5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sheet un<span class=\"_ _0\"></span>der IFRS 9 <span class=\"lse2 wsf1\">and<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">IFRS 17 on 1 January 2022<span class=\"_ _2\"></span>\u00a0and perform </span></span></div>\n<div class=\"t m0 x7 h4f y9a6 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">parallel ru<span class=\"_ _2\"></span>ns for the annual<span class=\"_ _2\"></span>\u00a0reporting period 20<span class=\"_ _2\"></span>22<span class=\"ls102 ws115\">. While the<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9a7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impleme<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n preparat<span class=\"_ _0\"></span>ions wit<span class=\"_ _0\"></span>hin the Asi<span class=\"_ _0\"></span>an and Turk<span class=\"_ _0\"></span>ish assoc<span class=\"_ _0\"></span>iates of</div>\n<div class=\"t m0 x7 h4f y9a8 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas st<span class=\"_ _0\"></span>arted l<span class=\"_ _0\"></span>ater (fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g local r<span class=\"_ _0\"></span>egulati<span class=\"_ _2b\"></span>on and guidel<span class=\"_ _0\"></span>ines), t<span class=\"_ _0\"></span>he most</div>\n<div class=\"t m0 x7 h4f y9a9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">signifi<span class=\"_ _0\"></span>cant assoc<span class=\"_ _2b\"></span>iates are progres<span class=\"_ _0\"></span>sing well t<span class=\"_ _0\"></span>o comply wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y9aa ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of 1 Janu<span class=\"_ _0\"></span>ary 2023.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9ab ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9ac ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"lse0 wsfa\">geas gave c<span class=\"_ _2b\"></span>areful conside<span class=\"_ _2b\"></span>ration to the d<span class=\"_ _2b\"></span>isclosure req<span class=\"_ _2b\"></span>uirements in I<span class=\"_ _0\"></span>AS </span></div>\n<div class=\"t m0 x7 h4f y9ad ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">8 \u2018Account<span class=\"_ _0\"></span>ing poli<span class=\"_ _0\"></span>cies, cha<span class=\"_ _2b\"></span>nges in accountin<span class=\"_ _0\"></span>g estimat<span class=\"_ _2b\"></span>es and errors\u2019 (to</div>\n<div class=\"t m0 x7 h4f y9ae ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>e known or reas<span class=\"_ _2b\"></span>onabl<span class=\"ls0 ws0\">y </span>estimable inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n relevant to asses<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y9af ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the poss<span class=\"_ _0\"></span>ible im<span class=\"_ _0\"></span>pact th<span class=\"_ _0\"></span>at the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _0\"></span>ion of <span class=\"wsf0\">a n<span class=\"_ _0\"></span>ew IFRS stan<span class=\"_ _0\"></span>dard will </span></div>\n<div class=\"t m0 x7 h4f y9b0 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have on the ent<span class=\"_ _0\"></span>ity\u2019s fi<span class=\"_ _0\"></span>nancial st<span class=\"_ _2b\"></span>atements in the peri<span class=\"_ _0\"></span>od of initi<span class=\"_ _2b\"></span>al</div>\n<div class=\"t m0 x7 h4f y9b1 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">application)<span class=\"_ _2\"></span>\u00a0and <span class=\"lsfc ws115\">to<span class=\"ls0 ws0\">\u00a0</span></span>the <span class=\"_ _2\"></span>ESMA Public Statemen<span class=\"_ _2\"></span>t on \u2018Transparen<span class=\"_ _2\"></span>cy on</div>\n<div class=\"t m0 x7 h4f y9b2 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">implementation<span class=\"_ _2\"></span>\u00a0of IFRS 17 insurance contracts\u2019<span class=\"_ _2\"></span>, considering the</div>\n<div class=\"t m0 x7 h4f y9b3 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impleme<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n status wit<span class=\"_ _2b\"></span>hin its subsidiari<span class=\"_ _2b\"></span>es and associates<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9b4 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9b5 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The paragraph<span class=\"_ _2\"></span>s below clarify the impact of the<span class=\"_ _2\"></span>\u00a0adoption of IFRS 9 &amp;</div>\n<div class=\"t m0 x7 h4f y9b6 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>by the s<span class=\"_ _0\"></span>ubsidia<span class=\"_ _0\"></span>ries of A<span class=\"_ _2b\"></span>geas at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date (<span class=\"_ _0\"></span>i.e. 1</div>\n<div class=\"t m0 x7 h4f y9b7 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2022)<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9b8 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9b9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Althoug<span class=\"_ _0\"></span>h Ageas ack<span class=\"_ _0\"></span>nowled<span class=\"_ _0\"></span>ges that pr<span class=\"_ _0\"></span>esenti<span class=\"_ _0\"></span>ng quantit<span class=\"_ _2b\"></span>ative informati<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x7 h4f y9ba ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">on its sub<span class=\"_ _2\"></span>sidiaries only pr<span class=\"_ _2\"></span>ovides a partial <span class=\"_ _2\"></span>view of the estima<span class=\"_ _2\"></span>ted</div>\n<div class=\"t m0 x7 h4f y9bb ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated i<span class=\"_ _0\"></span>mpact of <span class=\"_ _0\"></span>adoptin<span class=\"_ _2b\"></span>g IFRS 9 &amp; IFRS <span class=\"_ _0\"></span>17, it c<span class=\"_ _0\"></span>onclude<span class=\"_ _0\"></span>d that</div>\n<div class=\"t m0 x7 h4f y8d4 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span>ing qua<span class=\"_ _0\"></span>ntitati<span class=\"_ _0\"></span>ve infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n on the i<span class=\"_ _0\"></span>mpleme<span class=\"_ _0\"></span>ntation<span class=\"_ _0\"></span>\u00a0of IFRS 9 <span class=\"_ _0\"></span>&amp;</div>\n<div class=\"t m0 x7 h4f y8d5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 by its as<span class=\"_ _0\"></span>sociat<span class=\"_ _0\"></span>es would cu<span class=\"_ _0\"></span>rrently<span class=\"_ _0\"></span>\u00a0not be in line wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x7 h4f y8d6 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ure requi<span class=\"_ _0\"></span>rements i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>IAS 8. A<span class=\"_ _2b\"></span>geas intends to pre<span class=\"_ _0\"></span>sent the im<span class=\"_ _2b\"></span>pact of</div>\n<div class=\"t m0 x7 h4f y8d7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adoptin<span class=\"_ _0\"></span>g IFRS 9 &amp; IFRS 17 at<span class=\"_ _0\"></span>\u00a0the tran<span class=\"_ _0\"></span>sition dat<span class=\"_ _0\"></span>e by both its sub<span class=\"_ _0\"></span>sidiari<span class=\"_ _2b\"></span>es</div>\n<div class=\"t m0 x1a h4f y8d8 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and its ass<span class=\"_ _0\"></span>ociates du<span class=\"_ _0\"></span>ring a sepa<span class=\"_ _0\"></span>rate inves<span class=\"_ _0\"></span>tor relat<span class=\"_ _2b\"></span>ions presentat<span class=\"_ _0\"></span>ion mid<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y8d9 ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2023. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9bc ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9bd ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas does also<span class=\"_ _2\"></span>\u00a0not present estimates of the im<span class=\"_ _2\"></span>pacts on 30 June 2022</div>\n<div class=\"t m0 x1a h4f y9be ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or on 31 Decem<span class=\"_ _2b\"></span>ber 2022, as these est<span class=\"_ _0\"></span>imates ar<span class=\"_ _0\"></span>e currentl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>not y<span class=\"_ _0\"></span>et</div>\n<div class=\"t m0 x1a h4f y9bf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reason<span class=\"_ _0\"></span>ably relia<span class=\"_ _0\"></span>ble or know<span class=\"_ _0\"></span>n. The impac<span class=\"_ _0\"></span>ts on the cons<span class=\"_ _2b\"></span>olidated</div>\n<div class=\"t m0 x1a h4f y9c0 ff7c fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">state<span class=\"lse2 wsfa\">ment of fina<span class=\"_ _2\"></span>ncial position and<span class=\"_ _2\"></span>\u00a0on the consolidat<span class=\"_ _2\"></span>ed income </span></div>\n<div class=\"t m0 x1a h4f y9c1 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt at those dates wil<span class=\"_ _0\"></span>l be presente<span class=\"_ _0\"></span>d in the <span class=\"ls0 ws0\">i</span><span class=\"wsef\">nterim <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial </span></span></span></div>\n<div class=\"t m0 x1a h4f y97e ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsf0\">tatements or t<span class=\"_ _0\"></span>he <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolidat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f</span>inanc<span class=\"_ _2b\"></span>ial <span class=\"ls0 ws0\">s<span class=\"_ _2\"></span></span><span class=\"wsf0\">tate<span class=\"_ _0\"></span>ments of 20<span class=\"_ _2b\"></span>23.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y97f ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y980 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Compared to the am<span class=\"_ _2\"></span>ounts recognised in the con<span class=\"_ _2\"></span>solidated statement of</div>\n<div class=\"t m0 x1a h4f y981 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">financial p<span class=\"_ _2\"></span>osition of Ageas on<span class=\"_ _2\"></span>\u00a01 January 2022 a<span class=\"_ _2\"></span>pplying the standar<span class=\"_ _2\"></span>ds</div>\n<div class=\"t m0 x1a h4f y982 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 39 &amp; IFRS 4,<span class=\"_ _0\"></span>\u00a0the adopt<span class=\"_ _0\"></span>ion of IFRS 9 &amp; IFR<span class=\"_ _2b\"></span>S 17 within the</div>\n<div class=\"t m0 x1a h4f y983 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiaries <span class=\"_ _2\"></span>of Ageas resulted<span class=\"_ _2\"></span>\u00a0in:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y984 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse2 wsf1\">An<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">increas<span class=\"_ _2b\"></span>e in the total assets;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y9c2 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse0 wsf0\">An increase in the tot<span class=\"_ _2b\"></span>al liabilities; an<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9c3 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0decrease</span><span class=\"ff7c\">\u00a0<span class=\"lsfc ws121\">in<span class=\"_ _2\"></span>\u00a0to<span class=\"lse2 ws103\">tal equity.</span></span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9c4 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9c5 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The main <span class=\"_ _0\"></span>impacts<span class=\"_ _0\"></span>\u00a0of the a<span class=\"_ _0\"></span>doption <span class=\"_ _0\"></span>of IFR<span class=\"_ _0\"></span>S 9 &amp; IFRS <span class=\"_ _2b\"></span>17 on the</div>\n<div class=\"t m0 x1a h4f y9c6 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidated s<span class=\"_ _2\"></span>tatement of financial po<span class=\"_ _2\"></span>sition of Ageas on 1 January 2022<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y9c7 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(also ref<span class=\"_ _2b\"></span>erred to as <span class=\"ls0 ws0\">\u2018</span><span class=\"wsf0\">open<span class=\"_ _0\"></span>ing balanc<span class=\"_ _2b\"></span>e sheet<span class=\"ls0 ws0\">\u2019<span class=\"lse2 ws103\">) are fur<span class=\"_ _2\"></span>ther clarified below.</span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y98b ff7e fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>ed impact on assets<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y98c ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The incre<span class=\"lse0 wsf0\">ase in total ass<span class=\"_ _0\"></span>ets mainl<span class=\"_ _0\"></span>y relates<span class=\"_ _0\"></span>\u00a0to the appli<span class=\"_ _0\"></span>cation of the </span></div>\n<div class=\"t m0 x1a h4f y98d ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _2b\"></span>RS 9 on classificati<span class=\"_ _2b\"></span>on &amp; measurement<span class=\"_ _0\"></span>. Compar<span class=\"_ _0\"></span>ed to</div>\n<div class=\"t m0 x1a h4f y98e ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 39, a lar<span class=\"_ _0\"></span>ger part of <span class=\"lse2 wsf1\">Ageas's </span>invest<span class=\"_ _0\"></span>ments in fi<span class=\"_ _0\"></span>nancial i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y98f ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r value u<span class=\"_ _0\"></span>nder IFR<span class=\"_ _2b\"></span>S 9.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y990 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y991 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under IA<span class=\"_ _2b\"></span>S 39, Ageas cla<span class=\"_ _0\"></span>ssified<span class=\"_ _2b\"></span>\u00a0a part of its inv<span class=\"_ _2b\"></span>estments in de<span class=\"_ _0\"></span>bt</div>\n<div class=\"t m0 x1a h4f y992 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span>\u00a0as \u2018held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>maturity\u2019 or \u2018<span class=\"_ _2\"></span>loans and receivables<span class=\"_ _2\"></span>\u2019 and</div>\n<div class=\"t m0 x1a h4f y993 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consequ<span class=\"_ _2b\"></span>ently measured th<span class=\"_ _0\"></span>ose invest<span class=\"_ _2b\"></span>ments at amortise<span class=\"_ _0\"></span>d cost. Foll<span class=\"_ _2b\"></span>owing</div>\n<div class=\"t m0 x1a h4f y994 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the outcome of<span class=\"_ _2\"></span>\u00a0the<span class=\"ls0 ws0\">\u00a0</span>business model asse<span class=\"_ _2\"></span>ssment under IFRS 9, <span class=\"wsf1\">and </span></div>\n<div class=\"t m0 x1a h4f y995 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">because t<span class=\"_ _2b\"></span>hose instrum<span class=\"_ _0\"></span>ents pas<span class=\"_ _0\"></span>s the \u2018<span class=\"_ _0\"></span>solely pa<span class=\"_ _0\"></span>yments <span class=\"_ _2b\"></span>of principal a<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x1a h4f y996 ff7c fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">interest\u2019 test, <span class=\"lse2 wsfa\">a large <span class=\"_ _2\"></span>part of these inv<span class=\"_ _2\"></span>estments <span class=\"ls106 ws124\">is</span></span><span class=\"ls0\">\u00a0<span class=\"lse2 ws103\">measured<span class=\"_ _2\"></span>\u00a0at fair value </span></span></div>\n<div class=\"t m0 x1a h4f y997 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through o<span class=\"_ _2\"></span>ther comprehensive inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\">\u00a0</span>under IFRS 9<span class=\"lse0 wsf0\">. At the transition<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9c8 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date, the c<span class=\"_ _0\"></span>umulativ<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>unr<span class=\"_ _2b\"></span>ealised gain or loss s<span class=\"_ _0\"></span>ince the i<span class=\"_ _0\"></span>nitial rec<span class=\"_ _2b\"></span>ognition</div>\n<div class=\"t m0 x1a h4f y9c9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of thos<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ments <span class=\"lse2 wsfa\">has been<span class=\"ls0 ws0\">\u00a0</span>recognise<span class=\"_ _2\"></span>d in other comprehen<span class=\"_ _2\"></span>sive </span></div>\n<div class=\"t m0 x1a h4f y9ca ff7c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">income.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9cb ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9cc ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A part of <span class=\"lse2 wsf1\">Ageas's </span>investme<span class=\"_ _0\"></span>nts in debt<span class=\"_ _0\"></span>\u00a0instrume<span class=\"_ _0\"></span>nts, mainl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in</div>\n<div class=\"t m0 x1a h4f y9cd ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unquoted inv<span class=\"_ _2\"></span>estment funds or <span class=\"_ _2\"></span><span class=\"ws103\">exchange traded funds, do no<span class=\"_ _2\"></span>t pass the </span></div>\n<div class=\"t m0 x1a h4f y9ce ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">\u2018solely<span class=\"_ _0\"></span>\u00a0payments<span class=\"_ _2b\"></span>\u00a0of principal a<span class=\"_ _2b\"></span>nd interest\u2019 te<span class=\"_ _0\"></span>st unde<span class=\"_ _0\"></span>r IFRS 9.<span class=\"_ _0\"></span>\u00a0At the</div>\n<div class=\"t m0 x1a h4f y9cf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on date, Ageas <span class=\"lse2 wsf1\">has<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"wsfa\">mandat<span class=\"_ _0\"></span>orily rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span><span class=\"lse2 wsf1\">ied<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">and measure</span>d <span class=\"lse0 wsef\">those </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y9d0 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents at fair val<span class=\"_ _2b\"></span>ue through prof<span class=\"_ _2b\"></span>it or loss, whi<span class=\"_ _2b\"></span>le those invest<span class=\"_ _2b\"></span>ments</div>\n<div class=\"t m0 x1a h4f y9d1 ff7c fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">we<span class=\"lse0 wsfa\">re me<span class=\"_ _0\"></span>asured at<span class=\"_ _0\"></span>\u00a0amortis<span class=\"_ _2b\"></span>ed cost or at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh other </span></div>\n<div class=\"t m0 x1a h4f y9d2 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income und<span class=\"_ _0\"></span>er IAS 39.<span class=\"_ _0\"></span>\u00a0Furthermo<span class=\"_ _2b\"></span>re, Ageas designat<span class=\"_ _2b\"></span>ed at</div>\n<div class=\"t m0 x1a h4f y9d3 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the transit<span class=\"_ _2b\"></span>ion date some inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in debt inst<span class=\"_ _2b\"></span>ruments, that cov<span class=\"_ _2b\"></span>er</div>\n<div class=\"t m0 x1a h4f y9d4 ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked cont<span class=\"_ _0\"></span>racts,<span class=\"_ _0\"></span>\u00a0as measu<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh p<span class=\"wsf0\">rofit<span class=\"_ _0\"></span>\u00a0or loss, </span></span></span></div>\n<div class=\"t m0 x1a h4f y9d5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because s<span class=\"_ _0\"></span>uch design<span class=\"_ _2b\"></span>ation reduces mea<span class=\"_ _2b\"></span>surement incons<span class=\"_ _2b\"></span>istencies or</div>\n<div class=\"t m0 x1a h4f y9d6 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mism<span class=\"_ _2b\"></span>atches with t<span class=\"_ _0\"></span>he measu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span>\u00a0the co<span class=\"_ _2b\"></span>rresponding</div>\n<div class=\"t m0 x1a h4f y9d7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce or invest<span class=\"_ _2b\"></span>ment contract lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of the \u2018expected cr<span class=\"_ _0\"></span>e<span class=\"ls106 ws10c\">dit loss\u2019 m<span class=\"_ _0\"></span>odel <span class=\"lse0 wsfa\">in IFR<span class=\"_ _0\"></span>S 9 <span class=\"lse2 wsf1\">resulted<span class=\"lsf4 ws114\">, at </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the tra<span class=\"_ _0\"></span>nsition d<span class=\"_ _2b\"></span>ate, in the rec<span class=\"_ _0\"></span>ognitio<span class=\"_ _2b\"></span>n of a loss allo<span class=\"_ _0\"></span>wance f<span class=\"_ _0\"></span>or expect<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f y804 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit losses on<span class=\"_ _2\"></span>\u00a0<span class=\"wsf1\">Ageas's <span class=\"lse0 wsfa\">investm<span class=\"_ _0\"></span>ents in d<span class=\"_ _0\"></span>ebt inst<span class=\"_ _0\"></span>ruments<span class=\"_ _0\"></span>\u00a0that is </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">marginally h<span class=\"_ _2\"></span>igher<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">than the amou<span class=\"_ _2b\"></span>nt of impairments<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">that Agea<span class=\"_ _2\"></span>s</span>\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised u<span class=\"_ _2\"></span>nder IA<span class=\"ws103\">S 39 for the<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span></span><span class=\"lsfb\">same<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">instrume<span class=\"_ _0\"></span>nts. Th<span class=\"_ _0\"></span>is follow<span class=\"_ _0\"></span>s from t<span class=\"_ _2b\"></span>he </span></span></div>\n<div class=\"t m0 x7 h4f y807 ff81 fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">fact that the majority of <span class=\"lse2 wsf1\">Ageas's <span class=\"lse0 wsf0\">investments i<span class=\"_ _0\"></span>n debt instr<span class=\"_ _0\"></span>uments ar<span class=\"_ _0\"></span>e </span></span></div>\n<div class=\"t m0 x7 h4f y808 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">\u2018invest<span class=\"_ _0\"></span>ment gra<span class=\"_ _0\"></span>de\u2019 (i.e. ha<span class=\"_ _0\"></span>ving a credit<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>risk<span class=\"_ _0\"></span>\u00a0rating of Baa<span class=\"_ _2b\"></span>3 or BBB<span class=\"ls0 ws0\">- <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">or </span></span></div>\n<div class=\"t m0 x7 h4f y809 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">above) an<span class=\"_ _0\"></span>d are conseq<span class=\"_ _2b\"></span>uently not chara<span class=\"_ _0\"></span>cteris<span class=\"_ _0\"></span>ed by a <span class=\"wsfa\">signif<span class=\"_ _0\"></span>icant i<span class=\"_ _0\"></span>ncrease </span></div>\n<div class=\"t m0 x7 h4f y80a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in credit ri<span class=\"_ _0\"></span>sk since the<span class=\"_ _0\"></span>ir initial<span class=\"_ _0\"></span>\u00a0recogni<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. class<span class=\"_ _2b\"></span>ified in Stage 1).</div>\n<div class=\"t m0 x7 h4f y80b ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For those i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nts, Ageas recogn<span class=\"_ _0\"></span>ise<span class=\"ls0 ws0\">s </span><span class=\"wsfa\">a loss al<span class=\"_ _0\"></span>lowance f<span class=\"_ _2b\"></span>or expected </span></div>\n<div class=\"t m0 x7 h4f y80c ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit losses a<span class=\"_ _2\"></span>t an amount equal to 12<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">month expect<span class=\"_ _0\"></span>ed credit los<span class=\"_ _0\"></span>ses.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y80d ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80e ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under IAS 39<span class=\"_ _2\"></span>,<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">Ageas classifie<span class=\"_ _2\"></span>d the largest part of its investme<span class=\"_ _2\"></span>nts in </span></div>\n<div class=\"t m0 x7 h4f y80f ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity ins<span class=\"_ _2b\"></span>truments as \u2018avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">for</span>-<span class=\"lse2 ws103\">sale\u2019 and consequen<span class=\"_ _2\"></span>tly measured </span></span></div>\n<div class=\"t m0 x7 h4f y810 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">those i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throug<span class=\"_ _0\"></span>h other c<span class=\"_ _2b\"></span>omprehensive i<span class=\"_ _0\"></span>ncome.</div>\n<div class=\"t m0 x7 h4f y90a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Adoptin<span class=\"_ _0\"></span>g IFRS 9, Age<span class=\"_ _2b\"></span>as decided to conti<span class=\"_ _2b\"></span>nue to measure the l<span class=\"_ _0\"></span>argest part<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y90b ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of its inv<span class=\"_ _2b\"></span>estments in eq<span class=\"_ _2b\"></span>uity instrume<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh other</div>\n<div class=\"t m0 x7 h4f y90c ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income, by a<span class=\"_ _0\"></span>pplying t<span class=\"_ _0\"></span>he irrevoc<span class=\"_ _2b\"></span>able election in IFR<span class=\"_ _0\"></span>S 9 to</div>\n<div class=\"t m0 x7 h4f y90d ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">present subseque<span class=\"_ _2\"></span>nt change<span class=\"ls0 ws0\">s <span class=\"lse0 wsfa\">in the fair val<span class=\"_ _2b\"></span>ue of those inv<span class=\"_ _0\"></span>estments<span class=\"_ _0\"></span>\u00a0in </span></span></div>\n<div class=\"t m0 x7 h4f y90e ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equity in<span class=\"_ _2\"></span>struments in other<span class=\"_ _2\"></span>\u00a0comprehen<span class=\"lse0 wsf0\">sive incom<span class=\"_ _2b\"></span>e. <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y90f ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y910 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As invest<span class=\"_ _0\"></span>ments in eq<span class=\"_ _0\"></span>uity instr<span class=\"_ _2b\"></span>uments are out of scop<span class=\"_ _0\"></span>e of the \u2018expe<span class=\"_ _2b\"></span>cted</div>\n<div class=\"t m0 x7 h4f y911 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit loss mod<span class=\"_ _2\"></span>el\u2019<span class=\"ls0 ws0\">\u00a0<span class=\"ls105 ws12a\">in IFRS 9<span class=\"_ _2\"></span></span></span>, and the requirements in IFRS<span class=\"_ _2\"></span>\u00a09 are to be</div>\n<div class=\"t m0 x7 h4f y912 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applie<span class=\"_ _0\"></span>d retrosp<span class=\"_ _0\"></span>ectivel<span class=\"_ _2b\"></span>y, the main tra<span class=\"_ _0\"></span>nsitio<span class=\"_ _0\"></span>n impact<span class=\"_ _0\"></span>\u00a0relate<span class=\"_ _0\"></span>s to the</div>\n<div class=\"t m0 x7 h4f y913 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">derecognition<span class=\"_ _2\"></span>\u00a0of the impairments<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">that Ageas recog<span class=\"_ _0\"></span>nised on thos<span class=\"_ _2b\"></span>e </span></span></div>\n<div class=\"t m0 x7 h4f y914 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents under IAS 39. <span class=\"lse2 ws103\">At the transition date, th<span class=\"_ _2\"></span>is had a positive </span></div>\n<div class=\"t m0 x7 h4f y915 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact on tot<span class=\"_ _2b\"></span>al equity<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">(EUR 0.3 bil<span class=\"_ _2\"></span>lion).</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y916 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y917 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under IAS 39, pol<span class=\"_ _2\"></span>icyholder loans were recogn<span class=\"_ _2\"></span>ised as financial assets.<span class=\"_ _2\"></span>\u00a0In</div>\n<div class=\"t m0 x7 h4f y918 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">line with th<span class=\"_ _0\"></span>e requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _0\"></span>RS 17,<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">Ageas included the poli<span class=\"_ _2\"></span>cyholder </span></span></div>\n<div class=\"t m0 x7 h4f y919 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loans in t<span class=\"_ _2b\"></span>he measurem<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>ract liabili<span class=\"_ _0\"></span>ties at t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y91a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on date.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91b ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y91c ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 17 result<span class=\"_ _0\"></span>ed in the dere<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of any am<span class=\"_ _0\"></span>ounts</div>\n<div class=\"t m0 x7 h4f y91d ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that wer<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nised u<span class=\"_ _0\"></span>nder IFR<span class=\"_ _2b\"></span>S 4 for deferre<span class=\"_ _0\"></span>d <span class=\"lse1 ws11d\">acquisition costs (DAC) </span></div>\n<div class=\"t m0 x7 h4f y91e ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and value of<span class=\"_ _0\"></span>\u00a0business<span class=\"_ _0\"></span>\u00a0acquir<span class=\"_ _0\"></span>ed (VOBA<span class=\"_ _0\"></span>):<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91f ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsf0\">The amounts relat<span class=\"_ _2b\"></span>ing to DAC (EUR 0.4 <span class=\"lse2 wsfa\">billion) have be<span class=\"_ _2\"></span>en </span></span></span></div>\n<div class=\"t m0 x43 h4f y920 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised at t<span class=\"_ _2b\"></span>he transitio<span class=\"_ _0\"></span>n date t<span class=\"_ _0\"></span>o IFRS <span class=\"_ _0\"></span>17, reflec<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x43 h4f y921 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing policy<span class=\"_ _0\"></span>\u00a0choice of<span class=\"_ _0\"></span>\u00a0Ageas to ex<span class=\"_ _0\"></span>pense insu<span class=\"_ _2b\"></span>rance acquisiti<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x43 h4f y922 ff81 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">costs a<span class=\"lse0 wsf0\">s incurred i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-</span>life busin<span class=\"_ _2b\"></span>ess measured appl<span class=\"_ _2b\"></span>ying the </span></div>\n<div class=\"t m0 x43 h4f y923 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">P<span class=\"lse2 wsfa\">remium A<span class=\"_ _2\"></span>llocation Approach</span>;<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y924 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsf0\">The amounts relat<span class=\"_ _2b\"></span>ing to VOBA (EUR 0.0 bil<span class=\"_ _2b\"></span>lion) have been </span></span></div>\n<div class=\"t m0 x43 h4f y925 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised bec<span class=\"_ _2b\"></span>ause they are inclu<span class=\"_ _0\"></span>ded in the mea<span class=\"_ _0\"></span>sureme<span class=\"_ _2b\"></span>nt of the<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h4f y926 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontract liabilities <span class=\"_ _2\"></span>under IFRS 17.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y973 ff85 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">E<span class=\"lse0 wsf0\">stimated im<span class=\"_ _0\"></span>pact on liab<span class=\"_ _2b\"></span>ilities<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y974 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 9 did not resu<span class=\"_ _0\"></span>lt in any recl<span class=\"_ _2b\"></span>assification of <span class=\"lse2 wsf1\">Ageas's </span></div>\n<div class=\"t m0 x7 h4f y975 ff81 fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">financial<span class=\"_ _2\"></span>\u00a0liabilities.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y976 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9da ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The increa<span class=\"_ _2b\"></span>se in total liabilit<span class=\"_ _2b\"></span>ies mainly relate<span class=\"_ _0\"></span>s to the reme<span class=\"_ _2b\"></span>asurement of</div>\n<div class=\"t m0 x7 h4f y9db ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts, rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contra<span class=\"_ _0\"></span>cts and inve<span class=\"_ _2b\"></span>stme<span class=\"lse1 ws104\">nt contracts </span></div>\n<div class=\"t m0 x7 h4f y9dc ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with disc<span class=\"_ _0\"></span>retion<span class=\"_ _0\"></span>ary partic<span class=\"_ _0\"></span>ipatio<span class=\"_ _0\"></span>n featur<span class=\"_ _0\"></span>es, applyi<span class=\"_ _0\"></span>ng the curr<span class=\"_ _0\"></span>ent value</div>\n<div class=\"t m0 x7 h4f y9dd ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mode<span class=\"_ _0\"></span>l requirem<span class=\"_ _0\"></span>ents in IFR<span class=\"_ _2b\"></span>S 17.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9de ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9df ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">At the <span class=\"_ _2\"></span>transition date, Agea<span class=\"_ _2\"></span>s identified, rec<span class=\"_ _2\"></span>ognised and measured<span class=\"_ _2\"></span>\u00a0each</div>\n<div class=\"t m0 x7 h4f y9e0 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">group of insuran<span class=\"_ _2\"></span>ce contracts, reinsurance con<span class=\"_ _2\"></span>tracts and inv<span class=\"lse0 wsef\">estment </span></div>\n<div class=\"t m0 x7 h4f y9e1 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h discret<span class=\"_ _0\"></span>ionary p<span class=\"_ _0\"></span>artici<span class=\"_ _0\"></span>pation fe<span class=\"_ _0\"></span>atures ret<span class=\"_ _0\"></span>rospect<span class=\"_ _2b\"></span>ively (also</div>\n<div class=\"t m0 x7 h4f y9e2 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">referre<span class=\"_ _0\"></span>d to as the \u2018ful<span class=\"_ _0\"></span>l retros<span class=\"_ _0\"></span>pective a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h\u2019), as if the r<span class=\"_ _0\"></span>equirem<span class=\"_ _0\"></span>ents of</div>\n<div class=\"t m0 x1a h4f y9e3 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>applied t<span class=\"_ _2b\"></span>o those groups<span class=\"_ _0\"></span>\u00a0of cont<span class=\"_ _0\"></span>racts si<span class=\"_ _2b\"></span>nce their initi<span class=\"_ _2b\"></span>al</div>\n<div class=\"t m0 x1a h4f y9e4 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>. This includes the <span class=\"_ _2\"></span>i<span class=\"ws103\">dentification, measurem<span class=\"_ _2\"></span>ent and </span></div>\n<div class=\"t m0 x1a h4f y9e5 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>\u00a0of any (asset for)<span class=\"_ _2\"></span>\u00a0insurance acquisi<span class=\"_ _2\"></span>tion cash flows.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9e6 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9e7 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In some sit<span class=\"_ _0\"></span>uations<span class=\"_ _0\"></span>, Ageas was<span class=\"_ _0\"></span>\u00a0not able to me<span class=\"_ _0\"></span>asure a gro<span class=\"_ _0\"></span>up of insura<span class=\"_ _2b\"></span>nce</div>\n<div class=\"t m0 x1a h4f y9e8 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s at the transi<span class=\"_ _0\"></span>tion dat<span class=\"_ _2b\"></span>e applying the f<span class=\"_ _2b\"></span>ull retrospect<span class=\"_ _0\"></span>ive app<span class=\"_ _0\"></span>roach.</div>\n<div class=\"t m0 x1a h4f y9e9 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This was the <span class=\"lse0 wsf0\">case whereas:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9ea ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsf0\">inform<span class=\"_ _2b\"></span>ation in the existi<span class=\"_ _0\"></span>ng reporti<span class=\"_ _0\"></span>ng system<span class=\"_ _0\"></span>s of Ageas abo<span class=\"_ _2b\"></span>ut </span></span></span></div>\n<div class=\"t m0 x6c h4f y9eb ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">histori<span class=\"_ _0\"></span>cal cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>\u00a0was base<span class=\"_ _2b\"></span>d on assumptions<span class=\"_ _2b\"></span>\u00a0that were</div>\n<div class=\"t m0 x6c h4f y9ec ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ed using hi<span class=\"_ _0\"></span>ndsight<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9ed ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsfa\">Some reasonab<span class=\"_ _2b\"></span>le and support<span class=\"_ _0\"></span>able inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n about historic<span class=\"_ _2b\"></span>al cash </span></span></div>\n<div class=\"t m0 x6c h4f y9ee ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows was<span class=\"_ _0\"></span>\u00a0not availab<span class=\"_ _2b\"></span>le in <span class=\"lse2 ws103\">the e<span class=\"_ _2\"></span>xisting reporting systems<span class=\"_ _2\"></span>\u00a0of Ageas, </span></div>\n<div class=\"t m0 x6c h4f y9ef ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or only avai<span class=\"_ _0\"></span>lable at<span class=\"_ _0\"></span>\u00a0a higher or at diff<span class=\"_ _2b\"></span>erent levels of agg<span class=\"_ _0\"></span>regati<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x6c h4f y9f0 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">than the re<span class=\"_ _0\"></span>quireme<span class=\"_ _2b\"></span>nt on grouping of cont<span class=\"_ _0\"></span>racts un<span class=\"_ _0\"></span>der IFRS 17;<span class=\"_ _0\"></span>\u00a0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9f1 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsfa\">The informati<span class=\"_ _0\"></span>on in the<span class=\"_ _0\"></span>\u00a0existi<span class=\"_ _0\"></span>ng repo<span class=\"_ _0\"></span>rting syst<span class=\"_ _2b\"></span>ems did not per<span class=\"_ _2b\"></span>mit </span></span></div>\n<div class=\"t m0 x6c h4f y9f2 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas to ap<span class=\"_ _2\"></span>propriate<span class=\"lse0\">ly estimat<span class=\"_ _2b\"></span>e the moveme<span class=\"_ _0\"></span>nt of the <span class=\"lse2 wsf1\">c<span class=\"_ _0\"></span>ontractual </span></span></div>\n<div class=\"t m0 x6c h4f y9f3 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">before t<span class=\"_ _2b\"></span>he transitio<span class=\"_ _0\"></span>n date. T<span class=\"_ _2b\"></span>hese movements<span class=\"_ _0\"></span>\u00a0had a<span class=\"wsef\">n </span></span></div>\n<div class=\"t m0 x6c h4f y9f4 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact on th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>ntractua<span class=\"_ _0\"></span>l service m<span class=\"_ _0\"></span>argin<span class=\"ls0 ws0\">\u00a0<span class=\"lsf4 ws10c\">at </span></span><span class=\"wsef\">the <span class=\"lse2 ws103\">transition date<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9f5 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9f6 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In these ins<span class=\"_ _0\"></span>tances,<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>those g<span class=\"_ _0\"></span>roups of in<span class=\"_ _0\"></span>surance c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s were meas<span class=\"_ _2b\"></span>ured</div>\n<div class=\"t m0 x1a h4f y9f7 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the tr<span class=\"_ _2b\"></span>ansition date <span class=\"lse2\">applying the \u2018modified<span class=\"_ _2\"></span>\u00a0retrospective approach\u2019<span class=\"_ _2\"></span>\u00a0or </span></div>\n<div class=\"t m0 x1a h4f y9f8 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applying the<span class=\"_ _2\"></span>\u00a0\u2018fair value approach\u2019 (see bel<span class=\"_ _2\"></span>ow). The objective of tho<span class=\"_ _2\"></span>se</div>\n<div class=\"t m0 x1a h4f y9f9 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">alternative tran<span class=\"_ _2\"></span>sition measurement approa<span class=\"_ _2\"></span>c<span class=\"lse0 wsfa\">h<span class=\"_ _0\"></span>es is to ac<span class=\"_ _2b\"></span>hieve the clos<span class=\"_ _2b\"></span>est </span></div>\n<div class=\"t m0 x1a h4f y9fa ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outcom<span class=\"_ _0\"></span>e possibl<span class=\"_ _2b\"></span>e to the full r<span class=\"_ _0\"></span>etrospec<span class=\"_ _0\"></span>tive ap<span class=\"_ _2b\"></span>proach, using r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble</div>\n<div class=\"t m0 x1a h4f y9fb ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and suppo<span class=\"_ _0\"></span>rtable inf<span class=\"_ _2b\"></span>ormation that is av<span class=\"_ _0\"></span>ailable<span class=\"_ _0\"></span>\u00a0without un<span class=\"_ _0\"></span>due cost or ef<span class=\"_ _0\"></span>fort</div>\n<div class=\"t m0 x1a h4f y9fc ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the tr<span class=\"_ _2b\"></span>ansition date.<span class=\"_ _0\"></span>\u00a0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9fd ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9fe ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For group<span class=\"_ _0\"></span>s of insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts in its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-<span class=\"ls102 ws129\">life busin<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">ess, Ageas applied<span class=\"_ _2\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9ff ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the full retro<span class=\"_ _2\"></span>spective approach to measure<span class=\"_ _2\"></span>\u00a0the liability for remaining</div>\n<div class=\"t m0 x1a h4f ya00 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coverag<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>thos<span class=\"_ _2b\"></span>e groups of insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>acts. The li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span>\u00a0for</div>\n<div class=\"t m0 x1a h4f ya01 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d claims of t<span class=\"_ _0\"></span>hose grou<span class=\"_ _0\"></span>ps of insur<span class=\"_ _2b\"></span>ance contracts h<span class=\"_ _0\"></span>as been</div>\n<div class=\"t m0 x1a h4f ya02 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measured appl<span class=\"_ _2\"></span>ying the full re<span class=\"_ _2\"></span>trospe<span class=\"lse0\">ctive <span class=\"_ _0\"></span>approa<span class=\"_ _0\"></span>ch for th<span class=\"_ _0\"></span>e most r<span class=\"_ _0\"></span>ecent </span></div>\n<div class=\"t m0 x1a h4f ya03 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">accident years and a<span class=\"_ _2\"></span>pplying the modified re<span class=\"_ _2\"></span>trospective approach for</div>\n<div class=\"t m0 x1a h4f ya04 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">claims pri<span class=\"_ _2\"></span>or to 2016.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya05 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya06 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For group<span class=\"_ _0\"></span>s of insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts in its Lif<span class=\"_ _0\"></span>e busines<span class=\"_ _0\"></span>s, Ageas<span class=\"_ _0\"></span>\u00a0applied th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f ya07 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing transit<span class=\"_ _2b\"></span>ion measurement<span class=\"_ _0\"></span>\u00a0approac<span class=\"_ _0\"></span>hes:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya08 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">Gr<span class=\"_ _2\"></span>oups <span class=\"lsf4 ws114\">of L<span class=\"lse0 wsfa\">ife insura<span class=\"_ _2b\"></span>nce contracts<span class=\"_ _0\"></span>\u00a0that we<span class=\"_ _0\"></span>re issue<span class=\"_ _0\"></span>d in 20<span class=\"_ _0\"></span>18 or lat<span class=\"_ _0\"></span>er </span></span></span></span></div>\n<div class=\"t m0 x6c h4f ya09 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have gene<span class=\"_ _0\"></span>rally bee<span class=\"_ _0\"></span>n measure<span class=\"_ _2b\"></span>d applying the full ret<span class=\"_ _0\"></span>rospec<span class=\"_ _0\"></span>tive</div>\n<div class=\"t m0 x6c h4f ya0a ff81 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">approach;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya0b ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 ws103\">Gr<span class=\"_ _2\"></span>oups of Life insurance con<span class=\"_ _2\"></span>tracts that were issued be<span class=\"_ _2\"></span>fore 2018 </span></span></div>\n<div class=\"t m0 x6c h4f ya0c ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">have been<span class=\"_ _2\"></span>\u00a0measured applying <span class=\"_ _2\"></span>the fair value a<span class=\"_ _2\"></span>pproach; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya0d ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">Gr<span class=\"_ _2\"></span>oups</span><span class=\"ff81\">\u00a0<span class=\"lsf4 ws114\">of L<span class=\"lsfc ws115\">ife<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsfa\">insura<span class=\"_ _2b\"></span>nce contracts<span class=\"_ _0\"></span>\u00a0with di<span class=\"_ _0\"></span>rect pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion feat<span class=\"_ _2b\"></span>ures </span></span></span></span></span></div>\n<div class=\"t m0 x6c h4f ya0e ff81 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">have<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">been measured a<span class=\"_ _2b\"></span>pplying the modif<span class=\"_ _0\"></span>ied retros<span class=\"_ _2b\"></span>pective approa<span class=\"_ _0\"></span>ch.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f ya0f ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya10 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For the g<span class=\"_ _2b\"></span>roups of insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts t<span class=\"_ _0\"></span>hat have <span class=\"_ _2b\"></span>been measure<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x1a h4f ya11 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g the modif<span class=\"_ _0\"></span>ied retro<span class=\"_ _2b\"></span>spective appro<span class=\"_ _0\"></span>ach, Ageas<span class=\"_ _0\"></span>\u00a0estimat<span class=\"_ _0\"></span>ed th<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f ya12 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">future cas<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>flo<span class=\"_ _0\"></span>ws at the dat<span class=\"_ _0\"></span>e of initial r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion of the gr<span class=\"_ _0\"></span>oup of</div>\n<div class=\"t m0 x1a h4f ya13 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts as t<span class=\"_ _2b\"></span>he future cas<span class=\"_ _2b\"></span>h flows at the t<span class=\"_ _0\"></span>ransiti<span class=\"_ _0\"></span>on date,</div>\n<div class=\"t m0 x1a h4f ya14 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed by the actua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>cas<span class=\"_ _0\"></span>h flows that<span class=\"_ _0\"></span>\u00a0have occu<span class=\"_ _0\"></span>rred bet<span class=\"_ _0\"></span>ween the d<span class=\"_ _0\"></span>ate</div>\n<div class=\"t m0 x1a h4f ya15 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of initial reco<span class=\"_ _2\"></span>gnition and the transition d<span class=\"_ _2\"></span>ate<span class=\"lse0 wsf0\">. A simila<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>sim<span class=\"_ _0\"></span>plificat<span class=\"_ _2b\"></span>ion was </span></div>\n<div class=\"t m0 x1a h4f ya16 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applie<span class=\"_ _0\"></span>d to the es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es of th<span class=\"_ _0\"></span>e risk adj<span class=\"_ _2b\"></span>ustment for no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">financial ri<span class=\"_ _2\"></span>sk</span>, </span></div>\n<div class=\"t m0 x1a h4f ya17 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">which hav<span class=\"_ _2b\"></span>e been estimat<span class=\"_ _2b\"></span>ed at the transi<span class=\"_ _2b\"></span>tion date and <span class=\"_ _0\"></span>have bee<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f ya18 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed for the <span class=\"_ _2b\"></span>expected rele<span class=\"_ _0\"></span>ase of r<span class=\"_ _0\"></span>isk bef<span class=\"_ _0\"></span>ore the tr<span class=\"_ _2b\"></span>ansition date.<span class=\"_ _0\"></span>\u00a0In</div>\n<div class=\"t m0 x1a h4f ya19 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _0\"></span>ing the rel<span class=\"_ _0\"></span>ease of risk,<span class=\"_ _0\"></span>\u00a0referen<span class=\"_ _0\"></span>ce was made t<span class=\"_ _0\"></span>o the releas<span class=\"_ _2b\"></span>e of risk</div>\n<div class=\"t m0 x1a h4f ya1a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for simil<span class=\"_ _0\"></span>ar contra<span class=\"_ _0\"></span>cts.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 188px; height: 918px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 188px; height: 918px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 188px; height: 918px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 188px; height: 918px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For the g<span class=\"_ _2b\"></span>roups of insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts t<span class=\"_ _0\"></span>hat have <span class=\"_ _2b\"></span>been measure<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y803 ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">applying <span class=\"_ _2\"></span>the fair value a<span class=\"_ _2\"></span>pproach, Ageas deter<span class=\"_ _2\"></span>mined the contractua<span class=\"_ _2\"></span>l</div>\n<div class=\"t m0 x7 h4f y804 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service <span class=\"_ _0\"></span>margin <span class=\"_ _0\"></span>at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date a<span class=\"_ _0\"></span>s the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _0\"></span>n the fa<span class=\"_ _0\"></span>ir</div>\n<div class=\"t m0 x7 h4f y805 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the g<span class=\"_ _2b\"></span>roup of <span class=\"wsef\">insurance <span class=\"wsfa\">co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>\u00a0at that <span class=\"_ _0\"></span>date<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">and the fulfilmen<span class=\"_ _2\"></span>t </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>\u00a0of the same gr<span class=\"_ _2b\"></span>oup measured apply<span class=\"_ _2b\"></span>ing the requirem<span class=\"_ _0\"></span>ents in</div>\n<div class=\"t m0 x7 h4f y807 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 at th<span class=\"_ _0\"></span>at date. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y808 ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y809 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In determ<span class=\"_ _0\"></span>ining the f<span class=\"_ _0\"></span>air value of<span class=\"_ _0\"></span>\u00a0a group of insur<span class=\"_ _0\"></span>ance co<span class=\"_ _0\"></span>ntracts,<span class=\"_ _0\"></span>\u00a0Ageas</div>\n<div class=\"t m0 x7 h4f y80a ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">applied the<span class=\"_ _2\"></span>\u00a0requirements in <span class=\"_ _2\"></span>IFRS 13 \u2018Fair v<span class=\"_ _2\"></span>alue measurement\u2019, w<span class=\"_ _2\"></span>ith the</div>\n<div class=\"t m0 x7 h4f y80b ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">fol<span class=\"lse2 ws103\">lowing consider<span class=\"_ _2\"></span>ations:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y80c ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse2 ws103\">A<span class=\"_ _2\"></span>ssumptions about expected <span class=\"lse0 wsf0\">future cash flow<span class=\"_ _0\"></span>s and risk al<span class=\"_ _0\"></span>lowances<span class=\"_ _0\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x43 h4f y80d ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are adjus<span class=\"_ _0\"></span>ted to t<span class=\"_ _2b\"></span>he view of the m<span class=\"_ _2b\"></span>arket particip<span class=\"_ _0\"></span>ant, in <span class=\"_ _0\"></span>line wit<span class=\"_ _2b\"></span>h the</div>\n<div class=\"t m0 x43 h4f y80e ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _2b\"></span>RS 13;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80f ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsfa\">Discount rates<span class=\"_ _0\"></span>\u00a0used i<span class=\"_ _0\"></span>n measu<span class=\"_ _0\"></span>ring the <span class=\"_ _0\"></span>cash flo<span class=\"_ _2b\"></span>ws assume a ma<span class=\"_ _0\"></span>rket </span></span></div>\n<div class=\"t m0 x43 h4f y810 ff86 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">consistent<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsfa\">remuner<span class=\"_ _2b\"></span>ation for the c<span class=\"_ _0\"></span>ost of c<span class=\"_ _0\"></span>apital a<span class=\"_ _0\"></span>nd are ad<span class=\"_ _2b\"></span>justed to </span></span></div>\n<div class=\"t m0 x43 h4f y90a ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflect t<span class=\"_ _0\"></span>he risk of non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">performa<span class=\"_ _0\"></span>nce by Ageas<span class=\"_ _0\"></span>, as issuer o<span class=\"_ _2b\"></span>f <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x43 h4f y90b ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90c ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsfa\">The cash flows<span class=\"_ _0\"></span>\u00a0are adj<span class=\"_ _0\"></span>usted to <span class=\"_ _0\"></span>reflect<span class=\"_ _0\"></span>\u00a0profit m<span class=\"_ _2b\"></span>argins that a m<span class=\"_ _0\"></span>arket </span></span></div>\n<div class=\"t m0 x43 h4f y90d ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participant wou<span class=\"_ _2\"></span>ld require for<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">acceptin<span class=\"_ _0\"></span>g the obligat<span class=\"_ _2b\"></span>i<span class=\"wsfa\">ons under the </span></span></span></div>\n<div class=\"t m0 x43 h4f y90e ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">group of co<span class=\"_ _0\"></span>ntracts an<span class=\"_ _0\"></span>d include t<span class=\"_ _0\"></span>he non<span class=\"ls0 ws0\">-</span>direct<span class=\"_ _2b\"></span>ly attributable c<span class=\"_ _0\"></span>osts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90f ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y910 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The result<span class=\"_ _0\"></span>s of the calc<span class=\"_ _2b\"></span>ulated fair value<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>have b<span class=\"_ _0\"></span>een compa<span class=\"_ _0\"></span>red agains<span class=\"_ _0\"></span>t</div>\n<div class=\"t m0 x7 h4f y911 ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">commonly u<span class=\"_ _2\"></span>sed market metrics<span class=\"_ _2\"></span>\u00a0to provide addition<span class=\"_ _2\"></span>al comfort.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y912 ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y913 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In determ<span class=\"_ _0\"></span>ining the f<span class=\"_ _0\"></span>ulfilment<span class=\"_ _0\"></span>\u00a0cash flow<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>of a gro<span class=\"_ _2b\"></span>up of insurance contr<span class=\"_ _2b\"></span>acts</div>\n<div class=\"t m0 x7 h4f y914 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that has <span class=\"_ _0\"></span>been me<span class=\"_ _0\"></span>asured <span class=\"_ _0\"></span>at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date a<span class=\"_ _0\"></span>pplyin<span class=\"_ _0\"></span>g the fai<span class=\"_ _0\"></span>r value</div>\n<div class=\"t m0 x7 h4f y915 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">approach, Ageas<span class=\"_ _2\"></span>\u00a0estimated the fulfilmen<span class=\"_ _2\"></span>t cash flows prospectively and<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y916 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed those fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash flow<span class=\"_ _2b\"></span>s using the appl<span class=\"_ _2b\"></span>icable discou<span class=\"_ _2b\"></span>nt</div>\n<div class=\"t m0 x7 h4f y917 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rates at t<span class=\"_ _2b\"></span>he tra<span class=\"lse2\">nsition da<span class=\"_ _2\"></span>te. Furthermore, Age<span class=\"_ _2\"></span>as grouped contrac<span class=\"_ _2\"></span>ts from </span></div>\n<div class=\"t m0 x1a h4f ya1d ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">multip<span class=\"_ _0\"></span>le annual c<span class=\"_ _0\"></span>ohorts int<span class=\"_ _0\"></span>o a single un<span class=\"_ _0\"></span>it of accou<span class=\"_ _0\"></span>nt for meas<span class=\"_ _2b\"></span>ur<span class=\"wsef\">ement<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f ya1e ff86 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">purposes<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span>\u00a0</span><span class=\"ws103\">as its reporting syste<span class=\"_ _2\"></span>ms did not have reasonable and </span></div>\n<div class=\"t m0 x1a h4f ya1f ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">support<span class=\"_ _2b\"></span>able informati<span class=\"_ _2b\"></span>on to provide t<span class=\"_ _2b\"></span>he required inf<span class=\"_ _2b\"></span>ormation by gr<span class=\"_ _0\"></span>ou<span class=\"lse1 wsf0\">ps <span class=\"lsf4 ws10c\">of </span></span></div>\n<div class=\"t m0 x1a h4f ya20 ff86 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">contracts <span class=\"lse2 wsfa\">that includ<span class=\"_ _2\"></span>e only <span class=\"lse0 wsef\">insuranc<span class=\"_ _0\"></span>e <span class=\"wsfa\">contract<span class=\"_ _2b\"></span>s issued withi<span class=\"_ _0\"></span>n one ye<span class=\"_ _0\"></span>ar.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 ya21 ff8a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>ed impact on share<span class=\"_ _0\"></span>holders<span class=\"_ _0\"></span>\u2019 equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya22 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In analysi<span class=\"_ _2b\"></span>ng <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he decrea<span class=\"_ _0\"></span>se in shareh<span class=\"_ _0\"></span>olders<span class=\"_ _0\"></span>\u2019 equity at<span class=\"_ _0\"></span>\u00a0the transiti<span class=\"_ _2b\"></span>on date,</div>\n<div class=\"t m0 x1a h4f ya23 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a disti<span class=\"_ _0\"></span>nction s<span class=\"_ _0\"></span>hould be m<span class=\"_ _2b\"></span>ade between the<span class=\"_ _2b\"></span>\u00a0impact of the <span class=\"wsf0\">a<span class=\"_ _0\"></span>doption of<span class=\"_ _0\"></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya24 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 9 &amp; IFRS 1<span class=\"_ _0\"></span>7 on shareh<span class=\"_ _0\"></span>olders\u2019 e<span class=\"_ _0\"></span>quity exc<span class=\"_ _0\"></span>luding ot<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x1a h4f ya25 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income and o<span class=\"_ _0\"></span>n other com<span class=\"_ _0\"></span>prehens<span class=\"_ _2b\"></span>ive income:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya26 ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsf0\">The adoption of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 by th<span class=\"_ _0\"></span>e subsidia<span class=\"_ _2b\"></span>ries of Ageas </span></span></div>\n<div class=\"t m0 x6c h4f ya27 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in a non<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">significant</span>\u00a0<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">net</span>\u00a0</span><span class=\"wsfa\">decre<span class=\"_ _0\"></span>ase of <span class=\"lse2\">shareholders\u2019 equity </span></span></div>\n<div class=\"t m0 x6c h4f ya28 ff86 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">ex<span class=\"lse2 wsfa\">cluding other <span class=\"_ _2\"></span>comprehensive income<span class=\"_ _2\"></span>. This decrease main<span class=\"_ _2\"></span>ly </span></div>\n<div class=\"t m0 x6c h4f ya29 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">relates to the<span class=\"_ _2\"></span>\u00a0derecognition of any amounts<span class=\"_ _2\"></span>\u00a0that were recognised</div>\n<div class=\"t m0 x6c h4f ya2a ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">under IFR<span class=\"_ _0\"></span>S 4 for deferr<span class=\"_ _2b\"></span>ed acquisition cost<span class=\"_ _0\"></span>s and val<span class=\"_ _0\"></span>ue of busines<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x6c h4f ya2b ff86 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>d, <span class=\"wsf0\">partly co<span class=\"_ _2b\"></span>mpensated by<span class=\"ls0 ws0\">\u00a0</span>the der<span class=\"_ _2b\"></span>ecognition of im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nts </span></div>\n<div class=\"t m0 x6c h4f ya2c ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">tha<span class=\"lse2 wsfa\">t Ageas r<span class=\"_ _2\"></span>ecognised under <span class=\"_ _2\"></span>IAS 39 for its inv<span class=\"_ _2\"></span>estments in equity </span></div>\n<div class=\"t m0 x6c h4f ya2d ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">instruments. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya2e ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsf0\">The adoption of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 by th<span class=\"_ _0\"></span>e subsidia<span class=\"_ _2b\"></span>ries of Ageas </span></span></div>\n<div class=\"t m0 x6c h4f ya2f ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in a materi<span class=\"_ _0\"></span>al net decr<span class=\"_ _0\"></span>ease of othe<span class=\"_ _0\"></span>r compreh<span class=\"_ _0\"></span>ensive inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x6c h4f ya30 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">measured in shar<span class=\"_ _2\"></span>eholders\u2019 equity. This is<span class=\"_ _2\"></span>\u00a0the part o<span class=\"ls0 ws0\">f </span>equity t<span class=\"_ _2\"></span>hat</div>\n<div class=\"t m0 x6c h4f ya31 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">relates<span class=\"_ _0\"></span>\u00a0to unre<span class=\"_ _0\"></span>alised g<span class=\"_ _0\"></span>ains or <span class=\"_ _0\"></span>losses <span class=\"_ _0\"></span>on invest<span class=\"_ _2b\"></span>ments in financ<span class=\"_ _2b\"></span>ial</div>\n<div class=\"t m0 x6c h4f ya32 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents and on<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>(re)i<span class=\"_ _2b\"></span>nsurance<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">contract liabi<span class=\"_ _2\"></span>lities. The decrea<span class=\"_ _2\"></span>se </span></span></div>\n<div class=\"t m0 x6c h4f ya33 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of othe<span class=\"_ _0\"></span>r compre<span class=\"_ _0\"></span>hensive <span class=\"_ _0\"></span>income <span class=\"_ _2b\"></span>mainly relates<span class=\"_ _0\"></span>\u00a0to the</div>\n<div class=\"t m0 x6c h4f ya34 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span>\u00a0(re)ins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontracts at<span class=\"_ _0\"></span>\u00a0the transit<span class=\"_ _2b\"></span>i<span class=\"wsfa\">on date. </span></div>\n<div class=\"t m0 x6c h4f ya35 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The increa<span class=\"_ _2b\"></span>se in other compreh<span class=\"_ _2b\"></span>ensive income ref<span class=\"_ _0\"></span>lects th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x6c h4f ya36 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">remeasurement o<span class=\"_ _2\"></span>f financial instruments at the<span class=\"_ _2\"></span>\u00a0transition date</div>\n<div class=\"t m0 x6c h4f ya37 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing thei<span class=\"_ _0\"></span>r classif<span class=\"_ _0\"></span>ication <span class=\"_ _2b\"></span>under IFRS 9, n<span class=\"_ _0\"></span>et of th<span class=\"_ _0\"></span>e derecog<span class=\"_ _2b\"></span>nition</div>\n<div class=\"t m0 x6c h4f ya38 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of shadow ac<span class=\"_ _2b\"></span>counting unde<span class=\"_ _0\"></span>r IFRS 4.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 645px; height: 461px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 645px; height: 461px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 645px; height: 461px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 645px; height: 461px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below inclu<span class=\"_ _0\"></span>des the ma<span class=\"_ _0\"></span>in estimat<span class=\"_ _2b\"></span>ed impacts of the adopt<span class=\"_ _2b\"></span>ion of IFRS 9 &amp; IFRS 17 on 1 Janu<span class=\"_ _2b\"></span>ary 2022 (in rounde<span class=\"_ _0\"></span>d billion<span class=\"_ _0\"></span><span class=\"wsfa\">s of euros<span class=\"_ _2b\"></span>):<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x21b h52 y5ff ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 472px; bottom: 1065px; z-index: 15;\">Balance as at<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x196 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 487px; bottom: 1050px; z-index: 15;\">1 January<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x21f h52 y603 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 494px; bottom: 1035px; z-index: 15;\">2022 as<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 1020px; z-index: 15;\">previously<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 493px; bottom: 1006px; z-index: 15;\">reported<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 1050px; z-index: 15;\">Adjustments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 1035px; z-index: 15;\">due <span class=\"lse7 ws109\">to<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x151 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 550px; bottom: 1020px; z-index: 15;\">adoption of<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y5f4 ff8b fs3c fc1f sc0 lsf0 ws12b\" style=\"left: 566px; bottom: 1006px; z-index: 15;\">IFRS 9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 628px; bottom: 1006px; z-index: 15;\">Transfer<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 680px; bottom: 1050px; z-index: 15;\">Adjustments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff8b fs3c fc1f sc0 lse4 wsf6\" style=\"left: 703px; bottom: 1035px; z-index: 15;\">due to<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 685px; bottom: 1020px; z-index: 15;\">adoption of<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lsf0 ws12b\" style=\"left: 696px; bottom: 1006px; z-index: 15;\">IFRS 17<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19e h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 761px; bottom: 1050px; z-index: 15;\">Restated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x21b h52 y603 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 743px; bottom: 1035px; z-index: 15;\">balance as at<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x196 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 758px; bottom: 1020px; z-index: 15;\">1 January<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1006px; z-index: 15;\">2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 269px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f4 ff8d fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 975px; z-index: 15;\">IFRS4/IAS39 as previously reported<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f4 ff8d fs3c fc1f sc0 lsef ws102\" style=\"left: 269px; bottom: 975px; z-index: 15;\">IFRS 1<span class=\"_ _2\"></span>7/IFRS 9 rest<span class=\"_ _2\"></span>ated <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Cash<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">cash</span>\u00a0</span>equivalents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 960px; z-index: 15;\">Cash<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">cash</span>\u00a0</span>equivalents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 960px; z-index: 15;\">1.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 960px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f2 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f2 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 960px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Financial investments (incl. loans<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 945px; z-index: 15;\">Financial investments (incl. loans<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 945px; z-index: 15;\">74.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 945px; z-index: 15;\">0.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y60e ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 945px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 945px; z-index: 15;\">74.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Investments related to UL contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 931px; z-index: 15;\">UL Financial investments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 931px; z-index: 15;\">18.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 931px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 931px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 931px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 931px; z-index: 15;\">21.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Investment property<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 269px; bottom: 916px; z-index: 15;\">Inv<span class=\"_ _2\"></span>estment <span class=\"_ _2\"></span><span class=\"lse4 wsf4\">property<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 916px; z-index: 15;\">3.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 916px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 916px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 916px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 916px; z-index: 15;\">3.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 901px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y656 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 901px; z-index: 15;\">(1.<span class=\"_ _2\"></span>3)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 901px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 886px; z-index: 15;\">Reinsurance contract assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 716px; bottom: 886px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 886px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 871px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 871px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 871px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Equity<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">accounted investments<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 856px; z-index: 15;\">Equity<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">accounted investments<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 856px; z-index: 15;\">5.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 856px; z-index: 15;\">5.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Property<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0</span>equipment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 842px; z-index: 15;\">Property and<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf4\">equipment<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 842px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 842px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y647 ff8b fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">and</span>\u00a0<span class=\"lse4 wsf4\">other</span>\u00a0<span class=\"lse4 wsf4\">intangible</span>\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y647 ff8b fs3c fc14 sc0 ls109 ws12c\" style=\"left: 269px; bottom: 827px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">and</span>\u00a0<span class=\"lse4 wsf4\">other</span>\u00a0<span class=\"lse4 wsf4\">intangible</span>\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y647 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 827px; z-index: 15;\">1.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y647 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 827px; z-index: 15;\">1.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lsec wsfe\">as<span class=\"_ _2\"></span>sets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 269px; bottom: 812px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lsec wsfe\">as<span class=\"_ _2\"></span>sets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 812px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y603 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 575px; bottom: 812px; z-index: 15;\">(1.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y603 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 812px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 716px; bottom: 812px; z-index: 15;\">2.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 812px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Accrued interests and other a<span class=\"_ _0\"></span>ssets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 797px; z-index: 15;\">Accrued <span class=\"wsf3\">interests and other assets<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 797px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 797px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 797px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y608 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 797px; z-index: 15;\">(0.<span class=\"_ _2\"></span>4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 797px; z-index: 15;\">1.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y603 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h54 y603 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 269px; bottom: 782px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x220 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 782px; z-index: 15;\">111.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 782px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y603 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 782px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 782px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 782px; z-index: 15;\">113.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 752px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Liabilities related to UL con<span class=\"_ _0\"></span>tracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 738px; z-index: 15;\">Investment contract liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 738px; z-index: 15;\">18.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 738px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 738px; z-index: 15;\">3.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5f2 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 738px; z-index: 15;\">(7.<span class=\"_ _2\"></span>7)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 738px; z-index: 15;\">14.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 723px; z-index: 15;\">Life/Non<span class=\"ls0 ws0\">-<span class=\"lsef ws102\">Lif<span class=\"_ _2\"></span>e insuranc<span class=\"_ _2\"></span>e liabilit<span class=\"_ _2\"></span>ies</span>\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 711px; bottom: 723px; z-index: 15;\">80.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 723px; z-index: 15;\">80.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Liabilities from Life/Non<span class=\"ls0 ws0\">-</span>life insurance contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 708px; z-index: 15;\">36.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y5f9 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 642px; bottom: 708px; z-index: 15;\">(3.<span class=\"_ _2\"></span>1)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11c h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 708px; z-index: 15;\">(33.4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 693px; z-index: 15;\">Liabilities from Life investments contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 693px; z-index: 15;\">30.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x11c h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 693px; z-index: 15;\">(30.6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 678px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 678px; z-index: 15;\">3.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 678px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 678px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y5f9 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 678px; z-index: 15;\">(0.<span class=\"_ _2\"></span>1)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 678px; z-index: 15;\">3.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 663px; z-index: 15;\">Provisions<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 663px; z-index: 15;\">Provisions<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 663px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 663px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lse4 wsf4\">liabilities</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 269px; bottom: 648px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lse4 wsf4\">liabilities</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5fc ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 648px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5fc ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 575px; bottom: 648px; z-index: 15;\">(0.<span class=\"_ _2\"></span>6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5fc ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 648px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5fc ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 648px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5fc ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 648px; z-index: 15;\">0.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Subordinated<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 634px; z-index: 15;\">Subordinated<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 634px; z-index: 15;\">2.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 634px; z-index: 15;\">2.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 619px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse6 wsf7\" style=\"left: 269px; bottom: 619px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 619px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 619px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 604px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 604px; z-index: 15;\">2.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 604px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 604px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y601 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 604px; z-index: 15;\">(0.<span class=\"_ _2\"></span>6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 604px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5ff ff8d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 589px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5ff ff8d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 269px; bottom: 589px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 589px; z-index: 15;\">96.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h54 y5ff ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 575px; bottom: 589px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5ff ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 589px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 589px; z-index: 15;\">8.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 589px; z-index: 15;\">104.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Share capital and retained ea<span class=\"_ _0\"></span>rnings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 559px; z-index: 15;\">Share capital and retained ea<span class=\"_ _0\"></span>rnings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 559px; z-index: 15;\">8.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 559px; z-index: 15;\">0.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y603 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 559px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y603 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 559px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 559px; z-index: 15;\">7.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Other comprehensive income<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 544px; z-index: 15;\">Other comprehensive income<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 544px; z-index: 15;\">3.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 544px; z-index: 15;\">1.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y638 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 544px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y638 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 544px; z-index: 15;\">(4.<span class=\"_ _2\"></span>7)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 544px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interest<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x14d h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 530px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interest<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 530px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 530px; z-index: 15;\">0.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y632 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 530px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y632 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 530px; z-index: 15;\">(1.<span class=\"_ _2\"></span>8)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 530px; z-index: 15;\">1.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Total equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc1f sc0 lse8 wsf9\" style=\"left: 269px; bottom: 515px; z-index: 15;\">Total equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 515px; z-index: 15;\">14.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 515px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 515px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h54 y5f2 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 710px; bottom: 515px; z-index: 15;\">(7.<span class=\"_ _2\"></span>0)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 784px; bottom: 515px; z-index: 15;\">9.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x5f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 365px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f9 ff8d fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 485px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span>\u00a0and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f9 ff8d fs3c fc1f sc0 lse7 ws0\" style=\"left: 269px; bottom: 485px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span>\u00a0and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 485px; z-index: 15;\">111.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 485px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5f9 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 485px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 485px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 485px; z-index: 15;\">113.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya62 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya63 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya64 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Lif<span class=\"_ _2b\"></span>e/Non<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">Life ins<span class=\"_ _2\"></span>urance <span class=\"lse0\">liabil<span class=\"_ _0\"></span>ities\u2019 a<span class=\"_ _0\"></span>bove inc<span class=\"_ _2b\"></span>ludes an amount<span class=\"_ _0\"></span>\u00a0of con<span class=\"_ _2b\"></span>tractual servic<span class=\"_ _2b\"></span>e margin of EUR <span class=\"_ _2b\"></span>3 billion.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f ya65 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya66 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya67 ff8b fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">E.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse2 ws103\">Other change<span class=\"_ _2\"></span>s in IFRS standards</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya68 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not expect<span class=\"_ _0\"></span>\u00a0that other f<span class=\"_ _0\"></span>orthcom<span class=\"_ _2b\"></span>ing new or revised IFR<span class=\"_ _2b\"></span>S</div>\n<div class=\"t m0 x7 h4f ya69 ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">standards, in<span class=\"_ _2\"></span>terpretations and amendments<span class=\"_ _2\"></span>\u00a0to IFRS standards and</div>\n<div class=\"t m0 x7 h4f ya6a ff8b fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">interpretation<span class=\"_ _2\"></span>s, that will be<span class=\"_ _2\"></span>come effective for<span class=\"_ _2\"></span>\u00a0annual reporting <span class=\"_ _2\"></span>periods on</div>\n<div class=\"t m0 x7 h4f ya6b ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">1 January 2023 or<span class=\"_ _2\"></span>\u00a0later, will affect the con<span class=\"_ _2\"></span>solidat<span class=\"lse0 wsf0\">ed state<span class=\"_ _0\"></span>ment of </span></div>\n<div class=\"t m0 x7 h4f ya6c ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al posit<span class=\"_ _0\"></span>ion and inc<span class=\"_ _0\"></span>ome statem<span class=\"_ _2b\"></span>ent of Ageas in a signifi<span class=\"_ _0\"></span>cant way.</div>\n<div class=\"t m0 x7 h4f ya6d ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Not all thos<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cha<span class=\"_ _0\"></span>nges have al<span class=\"_ _2b\"></span>ready been endors<span class=\"_ _2b\"></span>ed by the EU. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya6e ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya6f ff8b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Those c<span class=\"_ _0\"></span>hanges <span class=\"_ _0\"></span>relate to:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya70 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 1 \u2018Classi<span class=\"_ _0\"></span>ficati<span class=\"_ _0\"></span>on of liabilit<span class=\"_ _0\"></span>ies as cur<span class=\"_ _0\"></span>rent or non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span></span></span></div>\n<div class=\"t m0 x6c h4f ya71 ff8b fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">current\u2019; <span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya72 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse2 ws103\">A<span class=\"_ _2\"></span>mendments to IAS 1 \u2018Non<span class=\"ls0 ws0\">-</span>cu<span class=\"_ _2\"></span>rrent liabilities with covena<span class=\"_ _2\"></span>nts\u2019;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f ya73 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 1 a<span class=\"_ _0\"></span>nd IFR<span class=\"_ _0\"></span>S practic<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment 2 \u2018D<span class=\"_ _2b\"></span>isclosure of </span></span></div>\n<div class=\"t m0 x6c h4f ya74 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing polic<span class=\"_ _0\"></span>ies\u2019;<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya75 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 8 \u2018<span class=\"_ _0\"></span>Defini<span class=\"lse2\">tion of accounting est<span class=\"_ _2\"></span>imates\u2019;<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f ya76 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 12 \u2018Defe<span class=\"_ _0\"></span>rred tax re<span class=\"_ _0\"></span>lated to ass<span class=\"_ _2b\"></span>ets and liabiliti<span class=\"_ _0\"></span>es </span></span></div>\n<div class=\"t m0 x6c h4f ya77 ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">arising from<span class=\"_ _2\"></span>\u00a0a single transaction\u2019; and <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya78 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse2 ws103\">A<span class=\"_ _2\"></span>mendments to IFRS 16 \u2018Lease li<span class=\"_ _2\"></span>ability in a sale and leaseback<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u2019. </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 238px; height: 868px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 238px; height: 868px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 238px; height: 868px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 238px; height: 868px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff92 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">2.3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff92 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Accounting es<span class=\"ls10c ws12f\">timates<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79e ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In preparing<span class=\"_ _2\"></span> these <span class=\"ls0 ws0\">c<span class=\"lse0 wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inanci<span class=\"_ _2\"></span>al </span>s<span class=\"lse2 wsfa\">tatements,<span class=\"_ _2\"></span> Ageas used </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y79f ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n judgement<span class=\"_ _0\"></span>s, estim<span class=\"_ _0\"></span>ates and as<span class=\"_ _0\"></span>sumpti<span class=\"_ _0\"></span>ons, which a<span class=\"_ _2b\"></span>re reflected in</div>\n<div class=\"t m0 x7 h4f y7a0 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the report<span class=\"_ _2b\"></span>ed amounts of assets<span class=\"_ _0\"></span> and liabi<span class=\"_ _0\"></span>lities, rev<span class=\"_ _2b\"></span>enues and expense<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y7a1 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and in the amo<span class=\"_ _2b\"></span>unts reported in th<span class=\"_ _0\"></span>e notes to<span class=\"ls0 ws0\"> </span><span class=\"wsef\">thes<span class=\"_ _0\"></span>e <span class=\"ls0 ws0\">c</span>onsolidate<span class=\"_ _0\"></span>d <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inanc<span class=\"_ _2\"></span>ial </span></span></span></div>\n<div class=\"t m0 x7 h4f ya7f ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsfa\">tatements.<span class=\"_ _0\"></span> The ju<span class=\"_ _0\"></span>dgements<span class=\"_ _0\"></span>, esti<span class=\"_ _0\"></span>mates an<span class=\"_ _0\"></span>d assumpt<span class=\"_ _2b\"></span>ions used are </span></div>\n<div class=\"t m0 x7 h4f ya80 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>experience and on <span class=\"_ _2\"></span>information that i<span class=\"_ _2\"></span>s reasonably avail<span class=\"_ _2\"></span>able at</div>\n<div class=\"t m0 x7 h4f ya81 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the time t<span class=\"_ _2b\"></span>hese <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial<span class=\"_ _2\"></span> </span>s</span><span class=\"wsf0\">tateme<span class=\"_ _0\"></span>nts are prepa<span class=\"_ _2b\"></span>red. Each </span></span></div>\n<div class=\"t m0 x7 h4f ya82 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgem<span class=\"_ _0\"></span>ent, est<span class=\"_ _0\"></span>imate an<span class=\"_ _0\"></span>d <span class=\"wsf0\">assum<span class=\"_ _0\"></span>ption carr<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>by its n<span class=\"_ _0\"></span>ature so<span class=\"_ _0\"></span>me degree of </span></div>\n<div class=\"t m0 x7 h4f ya83 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ainty and a ri<span class=\"_ _2b\"></span>sk of material adju<span class=\"_ _2b\"></span>stment (positiv<span class=\"_ _0\"></span>e or negativ<span class=\"_ _0\"></span>e) to the</div>\n<div class=\"t m0 x7 h4f ya84 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nts of assets and lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span> during fut<span class=\"_ _2b\"></span>ure reporting</div>\n<div class=\"t m0 x1a h4f ya85 ff90 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">period(s). Po<span class=\"_ _2\"></span>tential revisions are recogni<span class=\"_ _2\"></span>sed in the reporting peri<span class=\"lse0 wsf0\">od in </span></div>\n<div class=\"t m0 x1a h4f ya86 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which the j<span class=\"_ _0\"></span>udgeme<span class=\"_ _0\"></span>nt, estim<span class=\"_ _0\"></span>ate or assum<span class=\"_ _0\"></span>ption is rev<span class=\"_ _2b\"></span>ised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya87 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ya88 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas is no<span class=\"_ _2\"></span>t active in U<span class=\"_ _2\"></span>kraine and Russia, <span class=\"_ _2\"></span>but carefully monit<span class=\"_ _2\"></span>ors the</div>\n<div class=\"t m0 x1a h4f ya89 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">evolvi<span class=\"_ _0\"></span>ng geo<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">politi<span class=\"_ _0\"></span>cal tens<span class=\"_ _2b\"></span>ions in those r<span class=\"_ _0\"></span>egions,<span class=\"_ _0\"></span> in part<span class=\"_ _0\"></span>icular w<span class=\"_ _0\"></span>ith </span></div>\n<div class=\"t m0 x1a h4f ya8a ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">regards to<span class=\"_ _2\"></span> indirect macro<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">eco<span class=\"_ _0\"></span>nomic ef<span class=\"_ _0\"></span>fects such as<span class=\"_ _0\"></span> the<span class=\"ls0 ws0\"> </span>future ev<span class=\"_ _2b\"></span>olution </span></span></div>\n<div class=\"t m0 x1a h4f ya8b ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of interest<span class=\"_ _0\"></span> rates and i<span class=\"_ _0\"></span>nflation i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the m<span class=\"_ _0\"></span>arkets in wh<span class=\"_ _2b\"></span>ich Ageas is active.<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ya8c ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas cu<span class=\"_ _2b\"></span>rrently assess<span class=\"_ _2b\"></span>es the direct i<span class=\"_ _0\"></span>mpact to <span class=\"_ _2b\"></span>be immaterial. I<span class=\"_ _0\"></span>f</div>\n<div class=\"t m0 x1a h4f ya8d ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applica<span class=\"_ _0\"></span>ble, esti<span class=\"_ _0\"></span>mates and as<span class=\"_ _0\"></span>sumpt<span class=\"_ _0\"></span>ions have be<span class=\"_ _0\"></span>en revie<span class=\"_ _0\"></span>wed and are</div>\n<div class=\"t m0 x1a h4f ya8e ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflect<span class=\"_ _2b\"></span>ed in the amounts repo<span class=\"_ _2b\"></span>rted in<span class=\"ls0 ws0\"> </span><span class=\"wsef\">these <span class=\"ls0 ws0\">c<span class=\"lse2 wsf1\">onsolidat<span class=\"_ _2\"></span>ed </span>f<span class=\"lse2 wsf1\">inancial </span></span></span></div>\n<div class=\"t m0 x1a h4f ya8f ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsef\">tatements.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ya90 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ya91 ff90 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">The table below inc<span class=\"_ _2b\"></span>ludes the estimation uncertai<span class=\"_ _0\"></span>nty of the key <span class=\"ws130\">judg<span class=\"_ _0\"></span>ements, </span></div>\n<div class=\"t m0 x1a h4f ya92 ff90 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">estimates and as<span class=\"_ _0\"></span>sumptions:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya93 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya94 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya95 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f ya96 ff90 fs3a fc1f sc0 lse1 wsf0\" style=\"z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ya97 ff93 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Financial i<span class=\"_ _2\"></span>nstruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya98 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 2:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya99 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 wsf1\">The <span class=\"ws103\">valuation<span class=\"_ _2\"></span> model</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9a ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Inact<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f ya9b ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 3:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9c ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 ws103\">The valuation model</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9d ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The us<span class=\"_ _0\"></span>e of non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">market o<span class=\"_ _0\"></span>bservab<span class=\"_ _2b\"></span>le input<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x43 h4f ya9e ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Inact<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 ya9f ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment prop<span class=\"_ _0\"></span>erty: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa0 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The determinat<span class=\"_ _0\"></span>ion of the usef<span class=\"_ _2b\"></span>ul life and residua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yaa1 ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Loans: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa2 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">T<span class=\"_ _2\"></span>he valuation model</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaa3 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The use of para<span class=\"_ _0\"></span>meters s<span class=\"_ _2b\"></span>uch as <span class=\"lse2\">credit spread<span class=\"_ _2\"></span>, maturity and<span class=\"_ _2\"></span> interest </span></span></span></div>\n<div class=\"t m0 x43 h4f yaa4 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yaa5 ff93 fs3a fc1f sc0 lsfb wsfa\" style=\"z-index: 15;\">Asso<span class=\"_ _2\"></span>ciates:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Uncertainties<span class=\"_ _0\"></span> dependi<span class=\"_ _0\"></span>ng on the asset<span class=\"_ _0\"></span> mix, oper<span class=\"_ _0\"></span>ations an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>mark<span class=\"_ _2b\"></span>et </span></span></div>\n<div class=\"t m0 x43 h4f yaa7 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa8 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">Ap<span class=\"_ _2\"></span>plication of the requirem<span class=\"_ _2\"></span>ents for hyperinflationar<span class=\"_ _2\"></span>y economies and </span></span></div>\n<div class=\"t m0 x43 h4f yaa9 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment unit<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y7c5 ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span><span class=\"ws103\">i<span class=\"_ _2\"></span>mpairment testing<span class=\"ls0 ws0\">: </span></span></div>\n<div class=\"t m0 x7 h4f y7c6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The valuat<span class=\"lse2 ws103\">ion model</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h4f y7c7 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Financial and eco<span class=\"_ _2b\"></span>nomic variables<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c8 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The discount rat<span class=\"_ _0\"></span>e used<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c9 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">T<span class=\"_ _2\"></span>he inherent risk<span class=\"_ _2\"></span> premium of the en<span class=\"_ _2\"></span>tity</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h55 yaaa ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaab ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The determinat<span class=\"_ _0\"></span>ion of the usef<span class=\"_ _2b\"></span>ul life and residua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yaac ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>tax as<span class=\"_ _0\"></span>sets:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaad ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">Interpretatio<span class=\"_ _2b\"></span>n of tax regulat<span class=\"_ _2b\"></span>ions<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yaae ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">A<span class=\"_ _2\"></span>mount and timing of future tax<span class=\"_ _2\"></span>able income</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yaaf ff90 fs3a fc1f sc0 ls102 ws11d\" style=\"z-index: 15;\">Liabili<span class=\"_ _2\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yab0 ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act liabil<span class=\"_ _0\"></span>ities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yab1 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsef\">Life:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x6c h4f yab2 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 ws103\">The actuarial assump<span class=\"_ _2\"></span>tions used</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x6c h4f yab3 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The yie<span class=\"_ _0\"></span>ld curve us<span class=\"_ _0\"></span>ed in the Liab<span class=\"_ _0\"></span>ility Ade<span class=\"_ _0\"></span>quacy Test<span class=\"_ _0\"></span> (LAT<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">test)</span> </span></span></span></div>\n<div class=\"t m0 x6c h4f yab4 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The rein<span class=\"_ _2b\"></span>vestment prof<span class=\"_ _0\"></span>ile of the inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span> portfoli<span class=\"_ _2b\"></span>o, <span class=\"_ _2\"></span>cre<span class=\"_ _2b\"></span>dit risk </span></span></div>\n<div class=\"t m0 x1e6 h4f yab5 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">spread and<span class=\"_ _2\"></span> <span class=\"lse0\">mat<span class=\"_ _0\"></span>urity, w<span class=\"_ _2b\"></span>hen determinin<span class=\"_ _2b\"></span>g the shadow L<span class=\"_ _0\"></span>AT </span></div>\n<div class=\"t m0 x1e6 h4f yab6 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yab7 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsf1\">N<span class=\"_ _2\"></span>on</span><span class=\"ff90\">-<span class=\"ls102 ws11d\">life:</span> </span></span></div>\n<div class=\"t m0 x6c h4f yab8 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsfa\">The ex<span class=\"_ _2b\"></span>pected ultimate<span class=\"_ _2b\"></span> cost of claims <span class=\"_ _2b\"></span>reported at th<span class=\"_ _0\"></span>e reporti<span class=\"_ _2b\"></span>ng </span></span></div>\n<div class=\"t m0 x1e6 h4f yab9 ff90 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yaba ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The ex<span class=\"_ _0\"></span>pected ult<span class=\"_ _0\"></span>imate cost<span class=\"_ _0\"></span> of claims i<span class=\"_ _0\"></span>ncurred b<span class=\"_ _0\"></span>ut not yet </span></span></div>\n<div class=\"t m0 x1e6 h4f yabb ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reporte<span class=\"_ _0\"></span>d at the report<span class=\"_ _2b\"></span>ing date<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yabc ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Claim<span class=\"_ _0\"></span> adjustm<span class=\"_ _0\"></span>ent expens<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 yabd ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Pension obl<span class=\"_ _2\"></span>igations:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yabe ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">T<span class=\"_ _2\"></span>he actuarial assumptions used</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yabf ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The discount rat<span class=\"_ _0\"></span>e used<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yac0 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Inflation and sal<span class=\"_ _2b\"></span>ary evolutions<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 yac1 ff93 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yac2 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The likelihoo<span class=\"_ _0\"></span>d of a pres<span class=\"_ _2b\"></span>ent obligatio<span class=\"_ _0\"></span>n due to <span class=\"_ _0\"></span>events i<span class=\"_ _0\"></span>n the pas<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yac3 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The calculati<span class=\"_ _0\"></span>on <span class=\"wsef\">of<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">the best es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ed amount<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h55 yac4 ff93 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax liabilit<span class=\"_ _0\"></span>ies:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yac5 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsef\">Interpret<span class=\"lse2 ws103\">ation of tax regulations</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yac6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90\">A<span class=\"_ _2\"></span><span class=\"lse2 ws103\">mount and timing of future<span class=\"_ _2\"></span> taxable income</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 378px; height: 404px; width: 352px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 378px; height: 404px; width: 326px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 236px; height: 577px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yac7 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yac8 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yac9 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The notes<span class=\"_ _0\"></span> to th<span class=\"_ _0\"></span>ese <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolid<span class=\"_ _2b\"></span>ated <span class=\"ls0 ws0\">f<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">inancial </span>s<span class=\"_ _2\"></span></span><span class=\"wsf0\">tat<span class=\"_ _2b\"></span>ements provide a det<span class=\"_ _2b\"></span>ailed descript<span class=\"_ _0\"></span>ion on the app<span class=\"_ _0\"></span>licati<span class=\"_ _0\"></span>on of these es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es and assum<span class=\"_ _2b\"></span>ptions and their eff<span class=\"_ _2b\"></span>ect </span></span></div>\n<div class=\"t m0 x7 h4f yaca ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the repo<span class=\"_ _0\"></span>rted figur<span class=\"_ _0\"></span>es. Note <span class=\"ls0 ws0\">4 <span class=\"lse2 wsfa\">\u2018Risk Managem<span class=\"_ _2\"></span>ent\u2019 of these <span class=\"_ _2\"></span></span>c</span><span class=\"wsef\">onsol<span class=\"_ _0\"></span>idated <span class=\"ls0 ws0\">f</span>inanc<span class=\"_ _2b\"></span>ial <span class=\"_ _2\"></span><span class=\"ls0 ws0\">s</span><span class=\"wsfa\">tate<span class=\"_ _0\"></span>ments de<span class=\"_ _0\"></span>scribes<span class=\"_ _0\"></span> the way<span class=\"_ _2b\"></span> Ageas mitigat<span class=\"_ _0\"></span>es the v<span class=\"_ _0\"></span>arious r<span class=\"_ _0\"></span>isks<span class=\"ls0 ws0\"> </span>of the </span></span></div>\n<div class=\"t m0 x7 h4f yacb ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance op<span class=\"_ _2\"></span>erations.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 157px; height: 949px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 157px; height: 949px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 157px; height: 949px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 157px; height: 949px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff99 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.4<span class=\"ls0 ws0\"> <span class=\"_ _1ec\"> </span> </span></div>\n<div class=\"t m0 x7 h6a y79d ff99 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Events aft<span class=\"_ _2\"></span>er the reporting p<span class=\"_ _2\"></span>eriod<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Events af<span class=\"_ _0\"></span>ter the repo<span class=\"_ _2b\"></span>rting period are tho<span class=\"_ _0\"></span>se events,<span class=\"_ _0\"></span> favou<span class=\"_ _0\"></span>rable and</div>\n<div class=\"t m0 x7 h4f y79f ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unfavo<span class=\"_ _0\"></span>urable, t<span class=\"_ _2b\"></span>hat occur bet<span class=\"_ _0\"></span>ween the <span class=\"_ _0\"></span>end of t<span class=\"_ _0\"></span>he report<span class=\"_ _2b\"></span>ing period and t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y7a0 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date when t<span class=\"_ _0\"></span>he<span class=\"lse1\">se<span class=\"ls0 ws0\"> c</span></span><span class=\"wsef\">onsolidat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f</span>inanc<span class=\"_ _2b\"></span>ial <span class=\"ls0 ws0\">s<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">tatements are au<span class=\"_ _2\"></span>thorised for </span></span></span></div>\n<div class=\"t m0 x7 h4f y7a1 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issue by th<span class=\"_ _0\"></span>e Board of Ag<span class=\"_ _0\"></span>eas.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya7f ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya80 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Two types<span class=\"_ _0\"></span> of events ca<span class=\"_ _0\"></span>n be identif<span class=\"_ _0\"></span>ied:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya81 ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse0 wsfa\">Events that p<span class=\"_ _0\"></span>rovide e<span class=\"_ _0\"></span>vidence <span class=\"_ _0\"></span>of con<span class=\"_ _0\"></span>ditions t<span class=\"_ _2b\"></span>hat existed at<span class=\"_ _0\"></span> the end<span class=\"_ _0\"></span> of </span></span></div>\n<div class=\"t m0 x43 h4f ya82 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the report<span class=\"_ _2b\"></span>ing period, that res<span class=\"_ _2b\"></span>ult in an adjustment of<span class=\"_ _0\"></span> the <span class=\"lse2 wsf1\">amounts </span></div>\n<div class=\"t m0 x43 h4f ya83 ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span>n the<span class=\"lsfb\">se<span class=\"ls0 ws0\"> c<span class=\"lse0 wsef\">onsolidated </span>f<span class=\"ls102 ws11d\">inancial <span class=\"_ _2\"></span></span>s<span class=\"lse0 wsef\">tateme<span class=\"_ _2b\"></span>nts<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">and</span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f ya84 ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse0 wsf0\">Events that are in<span class=\"_ _0\"></span>dicativ<span class=\"_ _0\"></span>e of conditi<span class=\"_ _2b\"></span>ons that arose afte<span class=\"_ _0\"></span>r the report<span class=\"_ _2b\"></span>ing </span></span></div>\n<div class=\"t m0 x43 h4f yacd ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period, <span class=\"_ _2\"></span>that do not result<span class=\"_ _2\"></span> in an adjustment<span class=\"_ _2\"></span> of the amounts</div>\n<div class=\"t m0 x43 h4f yace ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span>n the<span class=\"lsfb\">se <span class=\"ls0 ws0\">c<span class=\"_ _2\"></span><span class=\"lse0 wsef\">onso<span class=\"_ _2b\"></span>lidated <span class=\"ls0 ws0\">f<span class=\"ls102 ws11d\">inan<span class=\"_ _2\"></span>cial </span>s</span><span class=\"wsf0\">tatements,<span class=\"_ _0\"></span> but<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">of whic<span class=\"_ _0\"></span>h </span></span></span></span></span></div>\n<div class=\"t m0 x43 h4f yacf ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the nat<span class=\"_ _0\"></span>ure and a<span class=\"_ _0\"></span>n estim<span class=\"_ _0\"></span>ate of its<span class=\"_ _0\"></span> financi<span class=\"_ _2b\"></span>al effect, or <span class=\"_ _0\"></span>a statem<span class=\"_ _0\"></span>ent that</div>\n<div class=\"t m0 x43 h4f yad0 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">such an esti<span class=\"_ _0\"></span>mate cann<span class=\"_ _2b\"></span>ot be made, is disclos<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yad1 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yad2 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">An overv<span class=\"_ _2b\"></span>iew of events af<span class=\"_ _0\"></span>ter the r<span class=\"_ _2b\"></span>eporting peri<span class=\"_ _0\"></span>od is inc<span class=\"_ _0\"></span>luded i<span class=\"_ _2b\"></span>n note <span class=\"wsef\">44<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yad3 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">\u2018Events <span class=\"_ _0\"></span>after th<span class=\"_ _2b\"></span>e date of the st<span class=\"_ _2b\"></span>atement of fin<span class=\"_ _2b\"></span>ancial positio<span class=\"_ _2b\"></span>n\u2019 of these<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yad4 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">c<span class=\"lse0 wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inanci<span class=\"_ _2\"></span>al </span>s</span>tatement<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></span></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a yad5 ff99 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">2.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yad6 ff99 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Information<span class=\"_ _0\"></span> on operating segments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yad7 ff97 fs3a fc14 sc0 ls110 ws103\" style=\"z-index: 15;\">Ageas's <span class=\"ls10d wsfa\">reportable operat<span class=\"_ _0\"></span>ing segments<span class=\"_ _2b\"></span> are primarily based on </span></div>\n<div class=\"t m0 x7 h4f yad8 ff97 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">geographical <span class=\"_ _0\"></span>areas<span class=\"wsfa\">. The reg<span class=\"_ _0\"></span>ional split is<span class=\"_ _0\"></span> based on the fact t<span class=\"_ _0\"></span>hat the </span></div>\n<div class=\"t m0 x7 h4f yad9 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">activities in thes<span class=\"_ _0\"></span>e <span class=\"ls111 ws12a\">areas<span class=\"ls0 ws0\"> </span></span>share the same nature a<span class=\"_ _0\"></span>nd economic</div>\n<div class=\"t m0 x7 h4f yada ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">characteristic<span class=\"_ _0\"></span>s and are managed <span class=\"_ _0\"></span>as such.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yadb ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yadc ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">End 2020, Ageas<span class=\"_ _0\"></span> appointed Fili<span class=\"_ _0\"></span>p Coremans as Ma<span class=\"_ _0\"></span>naging Director <span class=\"_ _0\"></span>Asia</div>\n<div class=\"t m0 x7 h4f yadd ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">and Antonio Cano <span class=\"_ _2b\"></span>as Managing Director Europe.<span class=\"_ _0\"></span> This change in</div>\n<div class=\"t m0 x7 h4f yade ff97 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">respo<span class=\"wsfa\">nsibilit<span class=\"_ _0\"></span>ies of two members of<span class=\"_ _0\"></span> the Executive C<span class=\"_ _2b\"></span>ommittee of Ageas </span></div>\n<div class=\"t m0 x7 h4f yadf ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reflects the grow<span class=\"_ _0\"></span>ing importanc<span class=\"_ _0\"></span>e of a dedicated regi<span class=\"_ _2b\"></span>onal focus and the</div>\n<div class=\"t m0 x7 h4f yae0 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">specific chall<span class=\"_ _0\"></span>enges and opport<span class=\"_ _0\"></span>unities bet<span class=\"_ _0\"></span>ween the regions.<span class=\"_ _2b\"></span> As a direct</div>\n<div class=\"t m0 x7 h4f yae1 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">consequence of<span class=\"_ _0\"></span> this change, wit<span class=\"_ _0\"></span>h effect of it<span class=\"_ _0\"></span>s new t<span class=\"ws130\">hree<span class=\"ls0 ws0\">-</span></span>year strat<span class=\"_ _0\"></span>egic plan</div>\n<div class=\"t m0 x7 h4f yae2 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">\u2018Impact 24\u2019, Ageas<span class=\"_ _0\"></span> decided to cha<span class=\"_ _0\"></span>nge its reportable o<span class=\"_ _2b\"></span>perating segments by</div>\n<div class=\"t m0 x7 h4f yae3 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">including the prev<span class=\"_ _2b\"></span>ious operating segment \u2018<span class=\"_ _0\"></span>United Kingdom\u2019<span class=\"_ _2b\"></span> into the</div>\n<div class=\"t m0 x7 h4f yae4 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">previous oper<span class=\"_ _0\"></span>ating segment \u2018C<span class=\"_ _0\"></span>ontinental Eu<span class=\"_ _0\"></span>rope\u2019, which has bee<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x7 h4f yae5 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">renamed to \u2018Eur<span class=\"_ _0\"></span>ope\u2019. This chang<span class=\"_ _2b\"></span>e applies for the annual reportin<span class=\"_ _2b\"></span>g period</div>\n<div class=\"t m0 x7 h4f yae6 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">starting on 1 Janu<span class=\"_ _0\"></span>ary 2022.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yae7 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yae8 ff97 fs3a fc14 sc0 ls110 ws103\" style=\"z-index: 15;\">Ageas's <span class=\"ls10d wsfa\">operating segment<span class=\"_ _0\"></span>s are:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yae9 ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 ls102 ws11d\">Be<span class=\"_ _2\"></span>lgium;</span><span class=\"ff97\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaea ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse2 wsf1\">Eu<span class=\"_ _2\"></span>rope</span><span class=\"ff97\"> <span class=\"lse0 wsf0\">(exclud<span class=\"_ _0\"></span>ing Belgi<span class=\"_ _0\"></span>um)<span class=\"ls0 ws0\">;  </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yaeb ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lsfb wsfa\">A<span class=\"_ _2\"></span>sia;</span><span class=\"ff97\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaec ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse2 wsf1\">R<span class=\"_ _2\"></span>einsurance</span><span class=\"ff97\">; <span class=\"lse2 wsf1\">and<span class=\"_ _2\"></span> </span> </span></span></div>\n<div class=\"t m0 x7 h4f yaed ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse0 wsf0\">General account.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yaee ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yaef ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Activities not rel<span class=\"_ _2b\"></span>ated to insurance and group eli<span class=\"_ _0\"></span>mination di<span class=\"_ _0\"></span>fferences are</div>\n<div class=\"t m0 x7 h4f yaf0 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reported separ<span class=\"_ _0\"></span>ately from the core i<span class=\"_ _2b\"></span>nsurance activities. Those non<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f yaf1 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">insurance activit<span class=\"_ _0\"></span>ies are report<span class=\"_ _0\"></span>ed in the operatin<span class=\"_ _0\"></span>g segment \u2018Gen<span class=\"_ _0\"></span>eral</div>\n<div class=\"t m0 x7 h4f yaf2 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">account\u2019, whic<span class=\"_ _0\"></span>h includes items suc<span class=\"_ _0\"></span>h as group financi<span class=\"_ _2b\"></span>ng and other holding</div>\n<div class=\"t m0 x7 h4f yaf3 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">activities. I<span class=\"_ _0\"></span>n addition, the oper<span class=\"_ _0\"></span>ating segment \u2018<span class=\"_ _2b\"></span>G<span class=\"_ _2\"></span>ener<span class=\"_ _0\"></span>al account\u2019 als<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yaf4 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">includes the inv<span class=\"_ _0\"></span>estment in Royal Pa<span class=\"_ _2b\"></span>rk Investments and the liabilit<span class=\"_ _0\"></span>ies</div>\n<div class=\"t m0 x1a h4f yaf5 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">related to CASHE<span class=\"_ _2b\"></span>S/RPN(I).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yaf6 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yaf7 ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Transactions<span class=\"_ _2\"></span> or transfers between the opera<span class=\"_ _2\"></span>ting segments occur u<span class=\"wsf1\">nder<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yaf8 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">normal c<span class=\"_ _2b\"></span>ommercial term<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>nditio<span class=\"_ _0\"></span>ns that w<span class=\"_ _2b\"></span>ould be availab<span class=\"_ _2b\"></span>le to</div>\n<div class=\"t m0 x1a h4f yaf9 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unrelat<span class=\"_ _0\"></span>ed third <span class=\"_ _2b\"></span>parties. Elim<span class=\"_ _0\"></span>inations <span class=\"_ _2b\"></span>are reported s<span class=\"_ _2b\"></span>eparately.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 99px; width: 351px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 236px; height: 508px; width: 351px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 104px; width: 351px; z-index: 3;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 236px; height: 513px; width: 351px; z-index: 3;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1a h6a yafa ff99 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">2.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a yafb ff99 fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Cons<span class=\"_ _2\"></span>olidation <span class=\"_ _2\"></span>princip<span class=\"_ _2\"></span>les<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yafc ff97 fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">Th<span class=\"ls0 ws0\">e<span class=\"lsfb wsfa\">se</span> <span class=\"_ _2\"></span>c<span class=\"lse2 wsf1\">onsolidated </span>f<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">inancial </span>s<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">tat<span class=\"_ _0\"></span>ements<span class=\"_ _0\"></span> includ<span class=\"_ _0\"></span>e the fi<span class=\"_ _0\"></span>nancia<span class=\"_ _0\"></span>l statem<span class=\"_ _2b\"></span>ents </span></span></div>\n<div class=\"t m0 x1a h4f yafd ff97 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">of <span class=\"ls0 ws0\">Ageas SA/NV<span class=\"lse0 wsfa\"> (t<span class=\"_ _2b\"></span>he parent comp<span class=\"_ _0\"></span>any) an<span class=\"_ _0\"></span>d its sub<span class=\"_ _0\"></span>sidiari<span class=\"_ _2b\"></span>es.<span class=\"ls0 ws0\"> </span></span></span></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yafe ff97 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Business comb<span class=\"_ _2\"></span>inations <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yaff ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When a set of ac<span class=\"_ _0\"></span>quired act<span class=\"_ _2b\"></span>ivities and assets m<span class=\"_ _2b\"></span>eets the definiti<span class=\"_ _0\"></span>on of a</div>\n<div class=\"t m0 x1a h4f yb00 ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business an<span class=\"_ _2\"></span>d control is tran<span class=\"_ _2\"></span>sferred to Ageas,<span class=\"_ _2\"></span> Ageas accounts <span class=\"lse0 wsf0\">for a </span></div>\n<div class=\"t m0 x1a h4f yb01 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> combinat<span class=\"_ _2b\"></span>ion using the acqu<span class=\"_ _0\"></span>isitio<span class=\"_ _0\"></span>n method. Fo<span class=\"_ _0\"></span>r the acquis<span class=\"_ _0\"></span>ition</div>\n<div class=\"t m0 x1a h4f yb02 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to be cons<span class=\"_ _2b\"></span>idered a busi<span class=\"_ _0\"></span>ness, th<span class=\"_ _2b\"></span>e acquired set of<span class=\"_ _0\"></span> activ<span class=\"_ _0\"></span>ities a<span class=\"_ _0\"></span>nd asset<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f yb03 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shall inc<span class=\"_ _0\"></span>lude an input<span class=\"_ _0\"></span> and a substa<span class=\"_ _0\"></span>ntive pr<span class=\"_ _0\"></span>ocess appl<span class=\"_ _2b\"></span>ied to the input,</div>\n<div class=\"t m0 x1a h4f yb04 ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">that together<span class=\"_ _2\"></span> significantly contribut<span class=\"lse0 wsfa\">e to the abilit<span class=\"_ _0\"></span>y to cre<span class=\"_ _0\"></span>ate outp<span class=\"_ _2b\"></span>uts. The </span></div>\n<div class=\"t m0 x1a h4f yb05 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>d process<span class=\"_ _0\"></span> (or group of pr<span class=\"_ _0\"></span>ocesses<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>is sub<span class=\"_ _0\"></span>stantiv<span class=\"_ _2b\"></span>e if it is critical to</div>\n<div class=\"t m0 x1a h4f yb06 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the abilit<span class=\"_ _0\"></span>y to devel<span class=\"_ _0\"></span>op or convert<span class=\"_ _0\"></span> an acquir<span class=\"_ _0\"></span>ed input int<span class=\"_ _0\"></span>o output o<span class=\"_ _0\"></span>r if it is</div>\n<div class=\"t m0 x1a h4f yb07 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">critical<span class=\"_ _2b\"></span> to the ability<span class=\"_ _0\"></span> to conti<span class=\"_ _2b\"></span>nue producing <span class=\"_ _0\"></span>outputs.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb08 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb09 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The cost <span class=\"_ _2b\"></span>of an acquisit<span class=\"_ _0\"></span>ion is me<span class=\"_ _0\"></span>asured a<span class=\"_ _0\"></span>s the agg<span class=\"_ _2b\"></span>regate of the</div>\n<div class=\"t m0 x1a h4f yb0a ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consideration<span class=\"_ _2\"></span> transferred, measured at <span class=\"wsf1\">the<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">fair v<span class=\"_ _2b\"></span>alue <span class=\"lsf4 ws10c\">at </span><span class=\"wsf0\">acquisition dat<span class=\"_ _2b\"></span>e </span></span></span></div>\n<div class=\"t m0 x1a h4f yb0b ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the amount<span class=\"_ _2\"></span> of any non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">control<span class=\"_ _0\"></span>ling int<span class=\"_ _2b\"></span>erest in the ac<span class=\"_ _0\"></span>quiree. <span class=\"_ _0\"></span>For eac<span class=\"_ _0\"></span>h </span></span></div>\n<div class=\"t m0 x1a h4f yb0c ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> combinat<span class=\"_ _2b\"></span>ion, Ageas has an opt<span class=\"_ _0\"></span>ion to m<span class=\"lse2 wsfa\">easure any non<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f yb0d ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>lling inte<span class=\"_ _0\"></span>rests in th<span class=\"_ _0\"></span>e acquire<span class=\"_ _0\"></span>e either at fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue or at the non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yb0e ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">controlling<span class=\"_ _2\"></span> interest\u2019s proportiona<span class=\"_ _2\"></span>te share of the acquiree\u2019s identi<span class=\"_ _2\"></span>fiable</div>\n<div class=\"t m0 x1a h4f yb0f ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">net asset<span class=\"_ _2b\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb10 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb11 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the busi<span class=\"_ _0\"></span>ness comb<span class=\"_ _0\"></span>ination is<span class=\"_ _0\"></span> achieved i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>stag<span class=\"_ _0\"></span>es, the prev<span class=\"_ _0\"></span>iously<span class=\"_ _0\"></span> held</div>\n<div class=\"t m0 x1a h4f yb12 ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equity in<span class=\"_ _2\"></span>t<span class=\"ws103\">erest in the acquiree is remea<span class=\"_ _2\"></span>sured at the fair value <span class=\"lsfc ws115\">a<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f yb13 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">acquisi<span class=\"_ _0\"></span>tion dat<span class=\"_ _2b\"></span>e and any result<span class=\"_ _0\"></span>ing gai<span class=\"_ _0\"></span>n or loss i<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n profit<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x1a h4f yb14 ff97 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 361px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 366px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yb15 ff97 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb16 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries a<span class=\"_ _0\"></span>re thos<span class=\"_ _0\"></span>e entities<span class=\"_ _0\"></span> over w<span class=\"_ _0\"></span>hich Ag<span class=\"_ _0\"></span>eas, eit<span class=\"_ _2b\"></span>her directly or</div>\n<div class=\"t m0 x1a h4f yb17 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">indirect<span class=\"_ _2b\"></span>ly, has the power to gov<span class=\"_ _2b\"></span>ern <span class=\"lse2 ws103\">the f<span class=\"_ _2\"></span>inancial and operating poli<span class=\"_ _2\"></span>cies <span class=\"lsf4 ws10c\">to </span></span></div>\n<div class=\"t m0 x1a h4f yb18 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">obtain b<span class=\"_ _0\"></span>enefits f<span class=\"_ _2b\"></span>rom the activ<span class=\"_ _0\"></span>ities (\u2018c<span class=\"_ _2b\"></span>ontrol\u2019). In a<span class=\"_ _0\"></span>ssess<span class=\"_ _0\"></span>ing wheth<span class=\"_ _0\"></span>er Ageas<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yb19 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>ls another e<span class=\"_ _2b\"></span>ntity, the existen<span class=\"_ _0\"></span>ce and effec<span class=\"_ _0\"></span>t of potent<span class=\"_ _0\"></span>ial voti<span class=\"_ _0\"></span>ng rights</div>\n<div class=\"t m0 x1a h4f yb1a ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that are <span class=\"_ _2\"></span>substantive in nat<span class=\"_ _2\"></span>ure, presently exer<span class=\"_ _2\"></span>cisable or presen<span class=\"lsfc ws115\">tl<span class=\"_ _2\"></span>y </span></div>\n<div class=\"t m0 x1a h4f yb1b ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">convert<span class=\"_ _0\"></span>ible, are c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>red. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb1c ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb1d ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries are c<span class=\"_ _0\"></span>onsolid<span class=\"_ _0\"></span>ated as of the dat<span class=\"_ _2b\"></span>e on which effecti<span class=\"_ _0\"></span>ve contr<span class=\"_ _0\"></span>ol is</div>\n<div class=\"t m0 x1a h4f yb1e ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">transferred <span class=\"_ _2\"></span>to Ageas and are<span class=\"_ _2\"></span> no longer consolida<span class=\"_ _2\"></span>ted from the dat<span class=\"_ _2\"></span>e on</div>\n<div class=\"t m0 x1a h4f yb1f ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which cont<span class=\"_ _2b\"></span>rol ceases. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb20 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb21 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries ac<span class=\"_ _2b\"></span>quired exclus<span class=\"_ _0\"></span>ively wit<span class=\"_ _2b\"></span>h a view to res<span class=\"_ _0\"></span>a<span class=\"lse2 ws103\">le are accounted for<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yb22 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">curre<span class=\"_ _0\"></span>nt asset<span class=\"_ _0\"></span>s held f<span class=\"_ _2b\"></span>or sale. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yb23 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb24 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Interco<span class=\"_ _0\"></span>mpany t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions (b<span class=\"_ _0\"></span>alances<span class=\"_ _2b\"></span> and gains or los<span class=\"_ _0\"></span>ses on</div>\n<div class=\"t m0 x1a h4f yb25 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions between <span class=\"wsf0\">t<span class=\"_ _0\"></span>he parent<span class=\"_ _0\"></span> company a<span class=\"_ _0\"></span>nd a subsidi<span class=\"_ _2b\"></span>ary) are </span></div>\n<div class=\"t m0 x1a h4f yb26 ff97 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 221px; height: 282px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 221px; height: 287px; width: 354px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 221px; height: 765px; width: 354px; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 220px; height: 886px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff9c fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Sale of a port<span class=\"_ _0\"></span>ion of <span class=\"wsfa\">owner<span class=\"_ _0\"></span>ship int<span class=\"_ _2b\"></span>erest in a subs<span class=\"_ _0\"></span>idiary<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Gains o<span class=\"_ _0\"></span>r losses <span class=\"_ _0\"></span>on the sa<span class=\"_ _2b\"></span>le of a portio<span class=\"_ _0\"></span>n of owne<span class=\"_ _0\"></span>rship int<span class=\"_ _2b\"></span>erest in a</div>\n<div class=\"t m0 x7 h4f y804 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiary<span class=\"_ _2\"></span> are recognised as <span class=\"_ _2\"></span>follow<span class=\"ls0 ws0\">s: </span></div>\n<div class=\"t m0 x7 h4f y805 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">If there is no loss of cont<span class=\"_ _0\"></span>rol, the tr<span class=\"_ _2b\"></span>ansaction is acc<span class=\"_ _0\"></span>ounted f<span class=\"_ _0\"></span>or as an </span></span></div>\n<div class=\"t m0 x43 h4f y806 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">equity t<span class=\"_ _2b\"></span>ransaction (i.<span class=\"_ _0\"></span>e. tran<span class=\"_ _0\"></span>sactio<span class=\"_ _0\"></span>n with ow<span class=\"_ _2b\"></span><span class=\"wsf0\">ners in their capac<span class=\"_ _0\"></span>ity as </span></div>\n<div class=\"t m0 x43 h4f y807 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">owner)<span class=\"ls0 ws0\">; <span class=\"_ _2\"></span><span class=\"lse0 wsef\">or</span> </span></div>\n<div class=\"t m0 x7 h4f y808 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">If there is a loss of contr<span class=\"_ _0\"></span>ol, the tr<span class=\"_ _0\"></span>ansact<span class=\"_ _0\"></span>ion is accou<span class=\"_ _0\"></span>nted for in th<span class=\"_ _0\"></span>e </span></span></div>\n<div class=\"t m0 x43 h4f y809 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement, calcul<span class=\"_ _0\"></span>ated on the tot<span class=\"_ _0\"></span>al partici<span class=\"_ _2b\"></span>pation. Any inte<span class=\"_ _0\"></span>rest</div>\n<div class=\"t m0 x43 h4f y80a ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">retaine<span class=\"_ _0\"></span>d in the f<span class=\"_ _0\"></span>ormer s<span class=\"_ _0\"></span>ubsidia<span class=\"_ _2b\"></span>ry is measured <span class=\"_ _0\"></span>at fair v<span class=\"_ _2b\"></span>alue at the</div>\n<div class=\"t m0 x43 h4f y80b ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">time of los<span class=\"lse2 ws103\">s of control. However, if the loss<span class=\"_ _2\"></span> of control results from a </span></div>\n<div class=\"t m0 x43 h4f y80c ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">monetary co<span class=\"_ _0\"></span>ntribut<span class=\"_ _0\"></span>ion of a s<span class=\"_ _2b\"></span>ubsidiary to an <span class=\"_ _2b\"></span>associate or <span class=\"_ _0\"></span>joint </span></span></div>\n<div class=\"t m0 x43 h4f y80d ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e, the gai<span class=\"_ _2b\"></span>n or loss is rec<span class=\"_ _2b\"></span>ognised only t<span class=\"_ _2b\"></span>o the extent of t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x43 h4f y80e ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">portion <span class=\"_ _0\"></span>of owner<span class=\"_ _2b\"></span>ship interest t<span class=\"_ _2b\"></span>hat has been t<span class=\"_ _2b\"></span>ransferred to<span class=\"_ _0\"></span> oth<span class=\"lse2 wsf1\">er </span></div>\n<div class=\"t m0 x43 h4f y80f ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">investors, re<span class=\"_ _2\"></span>sulting in a pa<span class=\"_ _2\"></span>rtial gain recog<span class=\"_ _2\"></span>nition.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 882px; height: 225px; width: 344px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y885 ff9c fs3a fc1f sc0 lsfb wsfa\" style=\"z-index: 15;\">Asso<span class=\"_ _2\"></span>ciates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y886 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments in a<span class=\"_ _2b\"></span>ssociates are t<span class=\"_ _2b\"></span>hose investme<span class=\"_ _2b\"></span>nts over which <span class=\"_ _0\"></span>Ageas h<span class=\"_ _0\"></span>as</div>\n<div class=\"t m0 x7 h4f y8cf ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">a significant<span class=\"_ _2\"></span> influence, i.e. power to part<span class=\"_ _2\"></span>icipate in the financial and<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y8d0 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operating poli<span class=\"_ _2\"></span>cy decisions of the investe<span class=\"_ _2\"></span>e, but i<span class=\"lse0 wsf0\">s not in co<span class=\"_ _0\"></span>ntrol or joi<span class=\"_ _2b\"></span>nt </span></div>\n<div class=\"t m0 x7 h4f y8d1 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">control.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d2 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d3 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments in ass<span class=\"_ _2b\"></span>ociates are accou<span class=\"_ _2b\"></span>nted for using the equ<span class=\"_ _0\"></span>ity metho<span class=\"_ _2b\"></span>d. At</div>\n<div class=\"t m0 x7 h4f yb28 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial recog<span class=\"_ _2\"></span>nition, the investment is rec<span class=\"_ _2\"></span>ognised at cost, which inc<span class=\"_ _2\"></span>ludes</div>\n<div class=\"t m0 x7 h4f yb29 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion costs. At subs<span class=\"_ _0\"></span>equent me<span class=\"_ _2b\"></span>asurement, the s<span class=\"_ _0\"></span>hare of net inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x7 h4f yb2a ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">for <span class=\"wsf0\">the year is r<span class=\"_ _2b\"></span>ecognised in the inc<span class=\"_ _0\"></span>ome state<span class=\"_ _0\"></span>ment as \u2018S<span class=\"_ _0\"></span>hare in resu<span class=\"_ _0\"></span>lt of </span></div>\n<div class=\"t m0 x7 h4f yb2b ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">associat<span class=\"_ _2b\"></span>es\u2019. <span class=\"lse2 wsf1\">Ageas<span class=\"_ _2\"></span>'s <span class=\"wsfa\">share in the<span class=\"_ _2\"></span> associate\u2019s post<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span></span><span class=\"wsf0\">acqui<span class=\"_ _2b\"></span>sition direct </span></div>\n<div class=\"t m0 x7 h4f yb2c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">equity movemen<span class=\"_ _2\"></span>ts is recognised in other compreh<span class=\"_ _2\"></span>ensive income.</div>\n<div class=\"t m0 x7 h4f yb2d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Distrib<span class=\"_ _0\"></span>utions r<span class=\"_ _0\"></span>eceived fr<span class=\"_ _0\"></span>om associ<span class=\"_ _0\"></span>ates red<span class=\"_ _0\"></span>uce the car<span class=\"_ _0\"></span>r<span class=\"wsfa\">ying am<span class=\"_ _0\"></span>ount of t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y962 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y963 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y964 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span>s in joint ve<span class=\"_ _0\"></span>ntures, w<span class=\"_ _0\"></span>hereby j<span class=\"_ _0\"></span>oint contr<span class=\"_ _0\"></span>ol of an arran<span class=\"_ _0\"></span>geme<span class=\"lsf4 ws10c\">nt </span></div>\n<div class=\"t m0 x7 h4f y965 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provide<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Ageas ri<span class=\"_ _0\"></span>ghts to t<span class=\"_ _2b\"></span>he net assets of<span class=\"_ _0\"></span> that j<span class=\"_ _0\"></span>oint arr<span class=\"_ _0\"></span>angem<span class=\"_ _0\"></span>ent, are </span></div>\n<div class=\"t m0 x7 h4f y966 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for as in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span>s in assoc<span class=\"_ _0\"></span>iates.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 41px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y967 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y968 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Gains on transa<span class=\"_ _2\"></span>ctions between Ageas and<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">investments acc<span class=\"_ _2b\"></span>ounted for </span></span></div>\n<div class=\"t m0 x7 h4f y969 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using the e<span class=\"_ _0\"></span>quity meth<span class=\"_ _0\"></span>od are elim<span class=\"_ _0\"></span>inated t<span class=\"_ _0\"></span>o the extent<span class=\"_ _0\"></span> of <span class=\"lse2 wsf1\">Ageas's <span class=\"_ _2\"></span></span><span class=\"wsef\">int<span class=\"_ _0\"></span>erest. </span></div>\n<div class=\"t m0 x7 h4f y96a ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Losses ar<span class=\"_ _0\"></span>e also elimi<span class=\"_ _2b\"></span>nated unless the<span class=\"_ _0\"></span> transact<span class=\"_ _0\"></span>ion provi<span class=\"_ _0\"></span>des evide<span class=\"_ _0\"></span>nce of</div>\n<div class=\"t m0 x7 h4f y96b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">an impa<span class=\"_ _0\"></span>irment of<span class=\"_ _0\"></span> the ass<span class=\"_ _0\"></span>et trans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d. Losse<span class=\"_ _0\"></span>s are rec<span class=\"_ _2b\"></span>ognised until t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y96c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amo<span class=\"lse0 wsfa\">unt of the inv<span class=\"_ _2b\"></span>estment is red<span class=\"_ _0\"></span>uced t<span class=\"_ _0\"></span>o zero. A<span class=\"_ _0\"></span>ddition<span class=\"_ _2b\"></span>al losses </span></div>\n<div class=\"t m0 x7 h4f y96d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are only rec<span class=\"_ _2b\"></span>ognised to the ext<span class=\"_ _0\"></span>ent that Age<span class=\"_ _0\"></span>as has incu<span class=\"_ _0\"></span>rred legal<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x7 h4f y96e ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ctive obl<span class=\"_ _2b\"></span>igations or made pay<span class=\"_ _2b\"></span>ments on behalf of an as<span class=\"_ _0\"></span>sociat<span class=\"_ _0\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96f ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y970 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">te<span class=\"_ _0\"></span>rm inter<span class=\"_ _0\"></span>ests (e.g. i<span class=\"_ _0\"></span>nter<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">company loans) <span class=\"_ _2\"></span>in an </span></span>associat<span class=\"_ _0\"></span>e or </span></span></div>\n<div class=\"t m0 x7 h4f y971 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">joint v<span class=\"_ _0\"></span>enture th<span class=\"_ _2b\"></span>at form part of t<span class=\"_ _2b\"></span>he net invest<span class=\"_ _0\"></span>ment in t<span class=\"_ _0\"></span>he assoc<span class=\"_ _2b\"></span>iate or joint</div>\n<div class=\"t m0 x7 h4f y972 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e, but to whic<span class=\"_ _0\"></span>h the equity m<span class=\"_ _2b\"></span>ethod is not appli<span class=\"_ _0\"></span>ed, IAS 39 is ap<span class=\"_ _0\"></span>plied.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 41px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 472px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 477px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y8a3 ff9c fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Dispos<span class=\"_ _0\"></span>al of subsid<span class=\"_ _0\"></span>iaries,<span class=\"_ _0\"></span> business<span class=\"_ _2b\"></span>es and non<span class=\"ls0 ws0\">-</span>current as<span class=\"_ _0\"></span>sets <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2e ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">A non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">cur<span class=\"_ _2b\"></span>rent asset (or <span class=\"_ _0\"></span>disposa<span class=\"_ _0\"></span>l group, s<span class=\"_ _2b\"></span>uch as subsidi<span class=\"_ _0\"></span>aries) i<span class=\"_ _0\"></span>s </span></div>\n<div class=\"t m0 x7 h4f yb2f ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">classif<span class=\"_ _0\"></span>ied as \u2018hel<span class=\"_ _0\"></span>d for sale\u2019 if it is<span class=\"_ _0\"></span> availab<span class=\"_ _0\"></span>le for imm<span class=\"_ _0\"></span>ediate sale in<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>its</div>\n<div class=\"t m0 x7 h4f yb30 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> conditio<span class=\"_ _2b\"></span>n and if its sale is high<span class=\"_ _0\"></span>ly probab<span class=\"_ _0\"></span>le. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y977 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">A sale i<span class=\"_ _2\"></span>s highly probable i<span class=\"_ _2\"></span>f:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y978 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 wsfa\">T<span class=\"_ _2\"></span>here is evidence o<span class=\"_ _2\"></span>f managemen<span class=\"lsf4 ws0\">t commitment;<span class=\"ls0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y979 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">There is an act<span class=\"_ _0\"></span>ive pro<span class=\"_ _0\"></span>gramme t<span class=\"_ _2b\"></span>o locate a buye<span class=\"_ _0\"></span>r and co<span class=\"_ _0\"></span>mplete t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x6c h4f y97a ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">plan;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97b ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">T<span class=\"_ _2\"></span>he asset is actively marketed<span class=\"_ _2\"></span> for sale at a reasonable pric<span class=\"_ _2\"></span>e </span></span></div>\n<div class=\"t m0 x6c h4f y97c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compared to i<span class=\"_ _2\"></span>ts fair value;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97d ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">The sale is expect<span class=\"_ _0\"></span>ed to be comp<span class=\"_ _0\"></span>leted wit<span class=\"_ _0\"></span>hin 12 month<span class=\"_ _2b\"></span>s of the date </span></span></div>\n<div class=\"t m0 x6c h4f yb32 ff9c fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">of cla<span class=\"_ _2\"></span>ssificat<span class=\"_ _2\"></span>io<span class=\"ls0 ws0\">n; <span class=\"lse2 wsf1\">a<span class=\"_ _2\"></span>nd</span> </span></div>\n<div class=\"t m0 x1a h4f yb33 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">A<span class=\"_ _2\"></span>ctions required to complete<span class=\"_ _2\"></span> the plan indicate that it is<span class=\"_ _2\"></span> unlikely that </span></span></div>\n<div class=\"t m0 x6c h4f yb34 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">there wi<span class=\"_ _0\"></span>ll be si<span class=\"_ _0\"></span>gnifica<span class=\"_ _2b\"></span>nt changes to th<span class=\"_ _2b\"></span>e plan or that it <span class=\"_ _2b\"></span>will be</div>\n<div class=\"t m0 x6c h4f yb35 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">withdr<span class=\"_ _0\"></span>awn.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb36 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb37 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">current asset<span class=\"_ _2b\"></span>s (or disposal grou<span class=\"_ _0\"></span>ps) class<span class=\"_ _0\"></span>ified as hel<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>for sa<span class=\"_ _0\"></span>le are </span></span></div>\n<div class=\"t m0 x1a h4f yb38 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at the lowe<span class=\"_ _2b\"></span>r of <span class=\"_ _2\"></span>the<span class=\"_ _2b\"></span>ir carrying amount a<span class=\"_ _2b\"></span>nd their fair value les<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f yb39 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">costs to s<span class=\"_ _2b\"></span>ell. Further<span class=\"_ _0\"></span>more, fol<span class=\"_ _2b\"></span>lowing charact<span class=\"_ _2b\"></span>eristic apply:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3a ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">Measurement at<span class=\"_ _0\"></span> the lo<span class=\"_ _0\"></span>wer of th<span class=\"_ _0\"></span>e carry<span class=\"_ _2b\"></span>ing amount an<span class=\"_ _0\"></span>d fair val<span class=\"_ _2b\"></span>ue less </span></span></div>\n<div class=\"t m0 x6c h4f yb3b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">costs to s<span class=\"_ _2b\"></span>ell does not ap<span class=\"_ _0\"></span>ply to as<span class=\"_ _0\"></span>sets t<span class=\"_ _0\"></span>hat are e<span class=\"_ _0\"></span>xempt fr<span class=\"_ _2b\"></span>om this rule,</div>\n<div class=\"t m0 x6c h4f yb3c ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">such as (re<span class=\"_ _0\"></span>)<span class=\"wsfa\">insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>ract li<span class=\"_ _0\"></span>abiliti<span class=\"_ _0\"></span>es withi<span class=\"_ _0\"></span>n the sc<span class=\"_ _0\"></span>ope of IF<span class=\"_ _2b\"></span>RS 4, </span></div>\n<div class=\"t m0 x6c h4f yb3d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets w<span class=\"_ _0\"></span>ithin the<span class=\"_ _0\"></span> scope of IAS 39,<span class=\"_ _0\"></span> deferr<span class=\"_ _0\"></span>ed tax assets</div>\n<div class=\"t m0 x6c h4f yb3e ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">within t<span class=\"_ _0\"></span>he scop<span class=\"_ _0\"></span>e of IAS <span class=\"_ _0\"></span>12 and as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>ising f<span class=\"_ _0\"></span>rom emp<span class=\"_ _0\"></span>loyee</div>\n<div class=\"t m0 x6c h4f yb3f ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s withi<span class=\"_ _0\"></span>n the sco<span class=\"_ _0\"></span>pe of IAS <span class=\"_ _2b\"></span>19;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb40 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Current assets a<span class=\"_ _0\"></span>nd all liabil<span class=\"_ _0\"></span>ities <span class=\"lse2 ws103\">are measured applying the<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x6c h4f yb41 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applicable IFRS<span class=\"_ _2\"></span> standard;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb42 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Not depreciate<span class=\"_ _0\"></span>d or amortis<span class=\"_ _0\"></span>ed; and<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb43 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">Presented sep<span class=\"_ _0\"></span>arately<span class=\"_ _0\"></span> in the co<span class=\"_ _2b\"></span>nsolidated sta<span class=\"_ _0\"></span>tement <span class=\"_ _0\"></span>of finan<span class=\"_ _0\"></span>cial </span></span></div>\n<div class=\"t m0 x6c h4f yb44 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n, witho<span class=\"_ _0\"></span>ut offsett<span class=\"_ _0\"></span>ing of asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilities.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb45 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb46 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The date of dis<span class=\"_ _2b\"></span>posal of a subsidia<span class=\"_ _0\"></span>ry or disp<span class=\"_ _0\"></span>osal <span class=\"lse2 ws103\">group is the date on </span></div>\n<div class=\"t m0 x1a h4f yb47 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which cont<span class=\"_ _2b\"></span>rol passes. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb48 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb49 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed incom<span class=\"_ _2b\"></span>e statement inc<span class=\"_ _0\"></span>ludes t<span class=\"_ _2b\"></span>he results of <span class=\"_ _0\"></span>a subsidi<span class=\"_ _0\"></span>ary</div>\n<div class=\"t m0 x1a h4f yb4a ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or a disposa<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>grou<span class=\"_ _2b\"></span>p up to <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e date of disp<span class=\"_ _2b\"></span>osal. The gain or loss o<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x1a h4f yb4b ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span> is the diff<span class=\"_ _0\"></span>erence bet<span class=\"_ _0\"></span>ween:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4c ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">The proceeds of<span class=\"_ _0\"></span> the sal<span class=\"_ _2b\"></span>e; and <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb4d ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">T<span class=\"_ _2\"></span>he c<span class=\"lse0 wsf0\">arry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of the net ass<span class=\"_ _2b\"></span>ets plus any attribut<span class=\"_ _2b\"></span>able goodwill </span></span></span></div>\n<div class=\"t m0 x6c h4f yb4e ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and amou<span class=\"_ _0\"></span>nts accumu<span class=\"_ _2b\"></span>lated in other comp<span class=\"_ _0\"></span>rehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e (for</div>\n<div class=\"t m0 x6c h4f yb4f ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">example,<span class=\"_ _0\"></span> foreign t<span class=\"_ _0\"></span>ranslati<span class=\"_ _2b\"></span>on adjustments an<span class=\"_ _0\"></span>d availab<span class=\"_ _2b\"></span>le<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-<span class=\"lsfb wsfa\">sal<span class=\"_ _2\"></span>e </span></span></div>\n<div class=\"t m0 x6c h4f yb50 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reserves<span class=\"_ _2b\"></span>).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb51 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f yb52 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A discont<span class=\"_ _0\"></span>inued op<span class=\"_ _0\"></span>eration is a pa<span class=\"_ _2b\"></span>rt of Ageas that has be<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\"> </span>dispos<span class=\"_ _0\"></span>ed of or</div>\n<div class=\"t m0 x1a h4f yb53 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is classif<span class=\"_ _2b\"></span>ied as held for sale and:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb54 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 wsfa\">R<span class=\"_ _2\"></span>epresents a separ<span class=\"_ _2\"></span>ate major line of<span class=\"_ _2\"></span> business or geog<span class=\"_ _2\"></span>raphical area </span></span></div>\n<div class=\"t m0 x6c h4f yb55 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of operat<span class=\"_ _0\"></span>ions;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb56 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">Is<span class=\"_ _2\"></span> part of a single co</span><span class=\"ff9c\">-<span class=\"lse2 ws103\">ord<span class=\"_ _2\"></span>inated plan to dispose of a<span class=\"_ _2\"></span> separate major </span></span></span></div>\n<div class=\"t m0 x6c h4f yb57 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">line of bu<span class=\"_ _2\"></span>siness or geograph<span class=\"_ _2\"></span>ical area of oper<span class=\"_ _2\"></span>ations<span class=\"ls0 ws0\">; o<span class=\"lse0 wsef\">r </span> </span></div>\n<div class=\"t m0 x1a h4f yb58 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Is a <span class=\"_ _2\"></span>su<span class=\"_ _0\"></span>bsidiary<span class=\"_ _0\"></span> acquir<span class=\"_ _0\"></span>ed exclus<span class=\"_ _0\"></span>ively with a v<span class=\"_ _0\"></span>iew to resa<span class=\"_ _0\"></span>le.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb59 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb5a ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Results on<span class=\"_ _2\"></span> discontinued operat<span class=\"_ _2\"></span>ions are presented<span class=\"_ _2\"></span> separately in t<span class=\"_ _2\"></span>he</div>\n<div class=\"t m0 x1a h4f yb5b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 152px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 62px; width: 321px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 776px; width: 354px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 67px; width: 321px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yb31 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ffa2 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ffa2 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Foreign currency<span class=\"ls0 ws0\"> <span class=\"ls10f ws132\">transactions<span class=\"_ _0\"></span> and balances<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y79e ffa0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Individual <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">ent<span class=\"_ _0\"></span>ities of<span class=\"_ _0\"></span> Ageas ac<span class=\"_ _2b\"></span>count for for<span class=\"_ _0\"></span>eign cur<span class=\"_ _0\"></span>rency t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions </span></div>\n<div class=\"t m0 x7 h4f y79f ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">using t<span class=\"_ _0\"></span>he excha<span class=\"_ _0\"></span>nge rat<span class=\"_ _0\"></span>e at the <span class=\"_ _0\"></span>date of t<span class=\"_ _0\"></span>he trans<span class=\"_ _2b\"></span>action.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7a0 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7a1 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At the end of a rep<span class=\"_ _2b\"></span>orting period, outs<span class=\"_ _0\"></span>tandin<span class=\"_ _0\"></span>g balanc<span class=\"_ _0\"></span>es in foreig<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f ya7f ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">currenci<span class=\"_ _2b\"></span>es on monetary items<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>e translat<span class=\"_ _0\"></span>ed at the exc<span class=\"_ _0\"></span>hange rat<span class=\"_ _0\"></span>e at the</div>\n<div class=\"t m0 x7 h4f ya80 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"lse2 ws103\">nd of the rep<span class=\"_ _2\"></span>orting period. Foreign<span class=\"_ _2\"></span> exchange differences ari<span class=\"_ _2\"></span>sing from </span></div>\n<div class=\"t m0 x7 h4f ya81 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">monetary<span class=\"_ _0\"></span> assets th<span class=\"_ _0\"></span>at are class<span class=\"_ _0\"></span>ified as av<span class=\"_ _0\"></span>ailable<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for<span class=\"_ _2\"></span></span>-<span class=\"lse2 wsfa\">sale are re<span class=\"_ _2\"></span>cognised </span></span></div>\n<div class=\"t m0 x7 h4f ya82 ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> for the <span class=\"_ _2b\"></span>exchange diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s result<span class=\"_ _0\"></span>ing from</div>\n<div class=\"t m0 x7 h4f ya83 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes in a<span class=\"_ _2b\"></span>mortised cost. Ot<span class=\"_ _0\"></span>her fair val<span class=\"_ _2b\"></span>ue gains and losses o<span class=\"_ _0\"></span>n those</div>\n<div class=\"t m0 x7 h4f ya84 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents are re<span class=\"_ _2b\"></span>cognised in other c<span class=\"_ _0\"></span>ompreh<span class=\"_ _0\"></span>ensive inc<span class=\"_ _2b\"></span>ome.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yacd ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yace ffa0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">monetary ite<span class=\"_ _0\"></span>ms that are me<span class=\"_ _2b\"></span>asured in terms of his<span class=\"_ _0\"></span>torical<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>cost<span class=\"_ _0\"></span> are </span></span></div>\n<div class=\"t m0 x7 h4f yacf ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ated usin<span class=\"_ _2b\"></span>g the historic<span class=\"_ _0\"></span>al excha<span class=\"_ _2b\"></span>nge rate that ex<span class=\"_ _2b\"></span>isted at the dat<span class=\"_ _2b\"></span>e of</div>\n<div class=\"t m0 x7 h4f yad0 ffa0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the transaction<span class=\"_ _2\"></span>. Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">moneta<span class=\"_ _0\"></span>ry<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">items t<span class=\"_ _0\"></span>hat are m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r value a<span class=\"_ _0\"></span>re </span></span></span></div>\n<div class=\"t m0 x7 h4f yad1 ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ated usin<span class=\"_ _0\"></span>g the ex<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e rate at<span class=\"_ _2b\"></span> the date that t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue is</div>\n<div class=\"t m0 x7 h4f yad2 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned. The resulting<span class=\"_ _0\"></span> exchange g<span class=\"_ _2b\"></span>ains or losses are rec<span class=\"_ _0\"></span>ognised i<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f yad3 ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement as <span class=\"_ _0\"></span>change <span class=\"_ _0\"></span>in forei<span class=\"_ _0\"></span>gn curre<span class=\"_ _0\"></span>ncy diff<span class=\"_ _2b\"></span>erences, exce<span class=\"_ _0\"></span>pt</div>\n<div class=\"t m0 x7 h4f yad4 ffa0 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">those non</span>-<span class=\"lse0 wsfa\">mon<span class=\"_ _0\"></span>etary it<span class=\"_ _0\"></span>ems whos<span class=\"_ _0\"></span>e fair val<span class=\"_ _2b\"></span>ue change is r<span class=\"_ _0\"></span>ecorded <span class=\"_ _0\"></span>in </span></span></div>\n<div class=\"t m0 x7 h4f yb5e ffa0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">other compre<span class=\"_ _2\"></span>hensive income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7b1 ffa0 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Foreign curre<span class=\"_ _2\"></span>ncy translation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7b2 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Upon consolidat<span class=\"_ _0\"></span>ion, Ageas tra<span class=\"_ _0\"></span>nslates the st<span class=\"_ _0\"></span>atement of financ<span class=\"_ _0\"></span>ial position of</div>\n<div class=\"t m0 x7 h4f y7b3 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">foreign entities,<span class=\"_ _0\"></span> whose function<span class=\"_ _0\"></span>al currency is<span class=\"_ _0\"></span> not denominated i<span class=\"_ _0\"></span>n euro, and</div>\n<div class=\"t m0 x7 h4f y7b4 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">whose economy i<span class=\"_ _0\"></span>s not considered hy<span class=\"_ _0\"></span>perinflation<span class=\"_ _0\"></span>ary at the report<span class=\"_ _0\"></span>ing date,</div>\n<div class=\"t m0 x7 h4f y7b5 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">using the excha<span class=\"_ _0\"></span>nge rate prevaili<span class=\"_ _0\"></span>ng at the date of the s<span class=\"_ _0\"></span>tatement of f<span class=\"_ _0\"></span>inancial</div>\n<div class=\"t m0 x7 h4f y7b6 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">position. The inc<span class=\"_ _0\"></span>ome statement<span class=\"_ _0\"></span> and cash flow s<span class=\"_ _0\"></span>tatement of t<span class=\"_ _0\"></span>hose foreign</div>\n<div class=\"t m0 x7 h4f y7b7 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">entities is transl<span class=\"_ _2b\"></span>ated at the average daily exc<span class=\"_ _0\"></span>hange rates for t<span class=\"_ _0\"></span>he current</div>\n<div class=\"t m0 x7 h4f y7b8 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reporting period (<span class=\"_ _2b\"></span>or exceptionally at the exchang<span class=\"_ _2b\"></span>e rate at the date of the</div>\n<div class=\"t m0 x7 h4f y7b9 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">transaction if<span class=\"_ _0\"></span> exchange rates f<span class=\"_ _0\"></span>luctuate signif<span class=\"_ _0\"></span>icantly).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7ba ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7bb ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Ageas recognis<span class=\"_ _0\"></span>es exchange dif<span class=\"_ _0\"></span>ferences on f<span class=\"_ _0\"></span>oreign entities in ot<span class=\"_ _0\"></span>he<span class=\"ws130\">r </span></div>\n<div class=\"t m0 x7 h4f y7bc ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">comprehensive i<span class=\"_ _2b\"></span>ncome. On disposal of a foreign e<span class=\"_ _0\"></span>ntity, previously</div>\n<div class=\"t m0 x7 h4f y7bd ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">recognised exc<span class=\"_ _0\"></span>hange differenc<span class=\"_ _0\"></span>es are recycl<span class=\"_ _0\"></span>ed and are reclass<span class=\"_ _0\"></span>ified from</div>\n<div class=\"t m0 x7 h4f y7be ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">other comprehe<span class=\"_ _0\"></span>nsive income t<span class=\"_ _0\"></span>o the income stat<span class=\"_ _0\"></span>ement as part of<span class=\"_ _0\"></span> the gain</div>\n<div class=\"t m0 x7 h4f y7bf ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">or loss on the sale. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7c0 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7c1 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Exchange diff<span class=\"_ _0\"></span>erences arising on m<span class=\"_ _2b\"></span>onetary items, borrowings<span class=\"_ _0\"></span> and other</div>\n<div class=\"t m0 x7 h4f y7c2 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">currency instrum<span class=\"_ _2b\"></span>ents, designated as hedges of a net<span class=\"_ _0\"></span> investment in a</div>\n<div class=\"t m0 x7 h4f y7c3 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">foreign entity,<span class=\"_ _0\"></span> are recognised in ot<span class=\"_ _0\"></span>her comprehens<span class=\"_ _0\"></span>ive income, until t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f yb5f ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">disposal of the net<span class=\"_ _0\"></span> investment, ex<span class=\"_ _0\"></span>cept for any hedg<span class=\"_ _0\"></span>e ineffectivenes<span class=\"_ _0\"></span>s that is</div>\n<div class=\"t m0 x1a h4f yb60 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">immediately rec<span class=\"_ _0\"></span>ognised in the i<span class=\"_ _0\"></span>ncome statement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb61 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb62 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Goodwill and fai<span class=\"_ _0\"></span>r value adjustme<span class=\"_ _2b\"></span>nts arising on the acquisiti<span class=\"_ _0\"></span>on of a foreign</div>\n<div class=\"t m0 x1a h4f yb63 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">entity are treat<span class=\"_ _0\"></span>ed as assets and lia<span class=\"_ _0\"></span>bilities of the f<span class=\"_ _0\"></span>oreign entity and are</div>\n<div class=\"t m0 x1a h4f yb64 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">translated at t<span class=\"_ _0\"></span>he closing exchang<span class=\"_ _2b\"></span>e rate on the date of the statement of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yb65 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">financial positi<span class=\"_ _2b\"></span>on. Ageas recognises all result<span class=\"_ _0\"></span>ing exchange dif<span class=\"_ _0\"></span>ferences in</div>\n<div class=\"t m0 x1a h4f yb66 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">other comprehe<span class=\"_ _0\"></span>nsive income unt<span class=\"_ _0\"></span>il disposal of t<span class=\"_ _0\"></span>he foreign entit<span class=\"_ _0\"></span>y. At that</div>\n<div class=\"t m0 x1a h4f yb67 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">moment, a recyc<span class=\"_ _0\"></span>ling to the incom<span class=\"_ _0\"></span>e statement takes pl<span class=\"_ _2b\"></span>ace. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb68 ffa0 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Hyperinf<span class=\"_ _2b\"></span>lation in T\u00fcrkiye<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb69 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"ls10d wsfa\">onsidering the crit<span class=\"_ _2b\"></span>eria in IAS 29 \u2018Financial repo<span class=\"_ _0\"></span>rting in hyperinf<span class=\"_ _0\"></span>lationary </span></div>\n<div class=\"t m0 x1a h4f yb6a ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">economies\u2019, the T<span class=\"_ _0\"></span>urkish econ<span class=\"_ _0\"></span>omy is considered to b<span class=\"_ _2b\"></span>e hyperinflationary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb6b ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">on 31 December 2<span class=\"_ _0\"></span>022. At that date,<span class=\"_ _0\"></span> the three<span class=\"ls0 ws0\">-</span>year c<span class=\"_ _0\"></span>umulative inf<span class=\"_ _0\"></span>lation in</div>\n<div class=\"t m0 x1a h4f yb6c ffa0 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">T\u00fcrk<span class=\"ls110 ws103\">iye<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">exceeds 10<span class=\"_ _2b\"></span>0% (<span class=\"ws130\">156<span class=\"wsf0\">%), based o</span></span>n the consumer pric<span class=\"_ _0\"></span>e index </span></div>\n<div class=\"t m0 x1a h4f yb6d ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">published by the T<span class=\"_ _0\"></span>urkish Statist<span class=\"_ _0\"></span>ical Instit<span class=\"_ _0\"></span>ute. Consequently,<span class=\"_ _2b\"></span> Ageas applied</div>\n<div class=\"t m0 x1a h4f yb6e ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">in these <span class=\"ls0 ws0\">c</span><span class=\"ws130\">onsoli<span class=\"_ _0\"></span>dated <span class=\"ls0 ws0\">f<span class=\"ls113 ws104\">inancial </span>s</span><span class=\"wsfa\">t<span class=\"_ _0\"></span>atements for t<span class=\"_ _0\"></span>he first time the </span></span></div>\n<div class=\"t m0 x1a h4f yb6f ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">requirements in I<span class=\"_ _0\"></span>AS 29 to the financ<span class=\"_ _0\"></span>ial statement<span class=\"_ _0\"></span>s of its Turkish as<span class=\"_ _0\"></span>sociates</div>\n<div class=\"t m0 x1a h4f yb70 ffa0 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">\u2018Aksigorta<span class=\"ls111 ws103\">\u2019 and \u2018AgeSA\u2019.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yb71 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb72 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">An entity that is req<span class=\"_ _2b\"></span>uired to apply IAS 29 shall state t<span class=\"_ _0\"></span>he financial</div>\n<div class=\"t m0 x1a h4f yb73 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">statements that<span class=\"_ _0\"></span> are prepared in the c<span class=\"_ _0\"></span>urrency of a hyp<span class=\"_ _2b\"></span>erinflationary</div>\n<div class=\"t m0 x1a h4f yb74 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">economy in the ter<span class=\"_ _0\"></span>ms of their purchas<span class=\"_ _0\"></span>ing power at the r<span class=\"_ _0\"></span>eporting date. T<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yb75 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">calculate its sha<span class=\"_ _0\"></span>re in the net asset<span class=\"_ _0\"></span>s and results of t<span class=\"_ _0\"></span>hese Turkish</div>\n<div class=\"t m0 x1a h4f yb76 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">associates, Ag<span class=\"_ _0\"></span>eas adjusts no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-</span>monetary as<span class=\"_ _0\"></span>sets and liabilit<span class=\"_ _2b\"></span>ies stated at</div>\n<div class=\"t m0 x1a h4f yb77 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">historical cost<span class=\"_ _0\"></span>, equity and items<span class=\"_ _0\"></span> in the income stat<span class=\"_ _0\"></span>ement for chan<span class=\"_ _2b\"></span>ges in</div>\n<div class=\"t m0 x1a h4f yb78 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">purchasing pow<span class=\"_ _0\"></span>er, using the consum<span class=\"_ _2b\"></span>er price index published by the</div>\n<div class=\"t m0 x1a h4f yb79 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Turkish Statisti<span class=\"_ _0\"></span>cal Institut<span class=\"_ _0\"></span>e. In a second st<span class=\"_ _0\"></span>ep, the adjusted<span class=\"_ _0\"></span> financial</div>\n<div class=\"t m0 x1a h4f yb7a ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">statements ar<span class=\"_ _0\"></span>e translated into e<span class=\"_ _0\"></span>uros at the excha<span class=\"_ _0\"></span>nge rate on 31 Dec<span class=\"_ _0\"></span>ember</div>\n<div class=\"t m0 x1a h4f yb7b ffa0 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">2022. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb7c ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb7d ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">In line with the req<span class=\"_ _0\"></span>uirements in I<span class=\"_ _0\"></span>AS 21 \u2018The effec<span class=\"_ _0\"></span>ts of changes in f<span class=\"_ _0\"></span>oreign</div>\n<div class=\"t m0 x1a h4f yb7e ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">exchange rates<span class=\"_ _0\"></span>\u2019, the comparative i<span class=\"_ _2b\"></span>nformation for the annual rep<span class=\"_ _0\"></span>orting</div>\n<div class=\"t m0 x1a h4f yb7f ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">period 2021 has no<span class=\"_ _0\"></span>t been restated.<span class=\"_ _0\"></span> Ageas recognis<span class=\"_ _0\"></span>ed the impact res<span class=\"_ _0\"></span>ulting</div>\n<div class=\"t m0 x1a h4f yb80 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">from the first<span class=\"ls0 ws0\">-</span>ti<span class=\"_ _0\"></span>me application of I<span class=\"_ _0\"></span>AS 29 in its cons<span class=\"_ _0\"></span>olidated equity on <span class=\"_ _2b\"></span>1</div>\n<div class=\"t m0 x1a h4f yb81 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">January 2022.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb82 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb83 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">The application of<span class=\"_ _0\"></span> IAS 29 resulted i<span class=\"_ _0\"></span>n an impact of EUR (<span class=\"_ _0\"></span>27) million in t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f yb84 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">consolidated inc<span class=\"_ _0\"></span>ome statement<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"ls10d wsfa\">and an impact of<span class=\"_ _0\"></span> EUR 149 millio<span class=\"_ _0\"></span>n in the </span></span></div>\n<div class=\"t m0 x1a h4f yb85 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">consolidated s<span class=\"_ _0\"></span>tatement of chan<span class=\"_ _0\"></span>ges in equity<span class=\"ls0 ws0\"> </span>ove<span class=\"_ _0\"></span>r the annual repo<span class=\"_ _2b\"></span>rting</div>\n<div class=\"t m0 x1a h4f yb86 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">period 2022.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 440px; height: 666px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 440px; height: 666px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 440px; height: 666px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffa4 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Exchang<span class=\"_ _2b\"></span>e rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the exchang<span class=\"lse0 wsf0\">e rates of the most<span class=\"_ _0\"></span> relevant c<span class=\"_ _0\"></span>urrenci<span class=\"_ _0\"></span>es for Ageas<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">1 euro =<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 341px; bottom: 1034px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ffa4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 456px; bottom: 1049px; z-index: 15;\">Rates at <span class=\"wsf3\">end of period<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19d h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 468px; bottom: 1034px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 1034px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ffa4 fs3c fc1f sc0 lsec wsfe\" style=\"left: 741px; bottom: 1049px; z-index: 15;\">Aver<span class=\"_ _2\"></span>age <span class=\"lsef ws10a\">rat<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x13c h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 1034px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ffa4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ffa4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 300px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ffa6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 427px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ffa6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 552px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ffa6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Pound sterling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 1004px; z-index: 15;\">0.89<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 1004px; z-index: 15;\">0.84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 1004px; z-index: 15;\">0.85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 1004px; z-index: 15;\">0.86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">US dollar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 989px; z-index: 15;\">1.07<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 989px; z-index: 15;\">1.13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 989px; z-index: 15;\">1.05<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 989px; z-index: 15;\">1.18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Hong Kong dollar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 974px; z-index: 15;\">8.32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 974px; z-index: 15;\">8.83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 974px; z-index: 15;\">8.24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 974px; z-index: 15;\">9.19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ffa4 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 959px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> <span class=\"lsef ws10a\">lira</span> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 959px; z-index: 15;\">19.96<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 959px; z-index: 15;\">15.23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 959px; z-index: 15;\">17.42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 959px; z-index: 15;\">10.51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">China yuan renminbi<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 945px; z-index: 15;\">7.36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 945px; z-index: 15;\">7.19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 945px; z-index: 15;\">7.08<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 945px; z-index: 15;\">7.63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Indian Rupee<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 930px; z-index: 15;\">88.17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 930px; z-index: 15;\">84.23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 930px; z-index: 15;\">82.68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 930px; z-index: 15;\">87.44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Malaysia ringgit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 915px; z-index: 15;\">4.70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 915px; z-index: 15;\">4.72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 915px; z-index: 15;\">4.63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 915px; z-index: 15;\">4.90<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Philippines Peso<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 900px; z-index: 15;\">59.32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 900px; z-index: 15;\">57.76<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 900px; z-index: 15;\">57.31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 900px; z-index: 15;\">58.30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Thailand baht<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 885px; z-index: 15;\">36.84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 885px; z-index: 15;\">37.65<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 885px; z-index: 15;\">36.85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 885px; z-index: 15;\">37.84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Vietnamese Dong<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 870px; z-index: 15;\">25,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 870px; z-index: 15;\">25,989<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 641px; bottom: 870px; z-index: 15;\">24,613<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 870px; z-index: 15;\">27,105<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 859px; height: 247px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 859px; height: 247px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yb93 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb94 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a yb95 ffa7 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yb96 ffa7 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Measure<span class=\"_ _0\"></span>ment base<span class=\"_ _0\"></span>s used in preparin<span class=\"_ _2b\"></span>g <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yb97 ffa7 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">the financia<span class=\"_ _2\"></span>l statements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb98 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The classif<span class=\"_ _2b\"></span>ication and mea<span class=\"_ _0\"></span>sureme<span class=\"_ _0\"></span>nt of assets<span class=\"_ _0\"></span> and liabi<span class=\"_ _0\"></span>lities <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> </span></span>bas<span class=\"_ _0\"></span>ed on</div>\n<div class=\"t m0 x7 h4f yb99 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the nat<span class=\"_ _0\"></span>ure of the <span class=\"_ _2b\"></span>underlying tr<span class=\"_ _0\"></span>ansact<span class=\"_ _0\"></span>ions. <span class=\"ls0 ws0\"> </span></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yb9a ffa4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Financial asset<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yb9b ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A financi<span class=\"_ _0\"></span>al instrum<span class=\"_ _2b\"></span>ent is any contract tha<span class=\"_ _2b\"></span>t <span class=\"_ _2\"></span>giv<span class=\"_ _2b\"></span>es rise to a financial as<span class=\"_ _0\"></span>set</div>\n<div class=\"t m0 x7 h4f yb9c ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of one entity<span class=\"_ _0\"></span> and a financ<span class=\"_ _0\"></span>ial liabi<span class=\"_ _0\"></span>lity or equ<span class=\"_ _2b\"></span>ity instrument o<span class=\"_ _0\"></span>f another</div>\n<div class=\"t m0 x7 h4f yb9d ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">entity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb9e ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb9f ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas clas<span class=\"_ _0\"></span>sifies a<span class=\"_ _0\"></span>nd measur<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>fin<span class=\"_ _2b\"></span>ancial assets and <span class=\"ls102 ws11d\">financial liabi<span class=\"_ _2\"></span>lities </span></div>\n<div class=\"t m0 x7 h4f yba0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on th<span class=\"_ _0\"></span>e nature of th<span class=\"_ _0\"></span>e underly<span class=\"_ _0\"></span>ing trans<span class=\"_ _0\"></span>actions<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yba1 ffa6 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication of<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">financial<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">asset<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yba2 ffa4 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Management det<span class=\"_ _0\"></span>ermines the app<span class=\"_ _0\"></span>ropriate clas<span class=\"_ _0\"></span>sification of it<span class=\"_ _0\"></span>s financial</div>\n<div class=\"t m0 x7 h4f yba3 ffa4 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">instruments at<span class=\"_ _0\"></span> the acquisitio<span class=\"_ _0\"></span>n date:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yba4 ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse2 wsf1\">H<span class=\"_ _2\"></span>eld</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">to</span>-<span class=\"lse0 wsf0\">maturity: inclu<span class=\"_ _2b\"></span>des debt securit<span class=\"_ _2b\"></span>ies with a fixed matur<span class=\"_ _0\"></span>ity of </span></span></span></div>\n<div class=\"t m0 x43 h4f yba5 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">which management ha<span class=\"_ _2\"></span>s both the intention and<span class=\"_ _2\"></span> the ability to hold the</div>\n<div class=\"t m0 x43 h4f yba6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents to mat<span class=\"_ _0\"></span>urity;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yba7 ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse0 wsf0\">Loans and rece<span class=\"wsfa\">iva<span class=\"_ _2b\"></span>bles: includes<span class=\"_ _0\"></span> debt sec<span class=\"_ _2b\"></span>urities with f<span class=\"_ _0\"></span>ixed or </span></span></span></div>\n<div class=\"t m0 x43 h4f yba8 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>nable payments th<span class=\"_ _0\"></span>at are not q<span class=\"_ _0\"></span>uoted in an act<span class=\"_ _0\"></span>ive mark<span class=\"_ _0\"></span>et and</div>\n<div class=\"t m0 x43 h4f yba9 ffa4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that, upon <span class=\"_ _2\"></span>initial recognition<span class=\"_ _2\"></span>, are not designa<span class=\"_ _2\"></span>ted as held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-</span><span class=\"wsf1\">trading </span></div>\n<div class=\"t m0 x43 h4f ybaa ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">nor as avail<span class=\"_ _2b\"></span>able<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-</span><span class=\"wsef\">sale;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f ybab ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 ls102 ws11d\">A<span class=\"_ _2\"></span>vailable</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsfa\">sale: inc<span class=\"_ _0\"></span>ludes s<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>ies to b<span class=\"wsf0\">e h<span class=\"_ _2b\"></span>eld for an indefinit<span class=\"_ _0\"></span>e </span></span></span></span></div>\n<div class=\"t m0 x43 h4f ybac ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">period of<span class=\"_ _0\"></span> time, w<span class=\"_ _2b\"></span>hich may be sol<span class=\"_ _2b\"></span>d in response t<span class=\"_ _0\"></span>o needs f<span class=\"_ _2b\"></span>or liquidity</div>\n<div class=\"t m0 x43 h4f ybad ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or to changes<span class=\"_ _0\"></span> in interes<span class=\"_ _0\"></span>t rates,<span class=\"_ _0\"></span> exchange r<span class=\"_ _0\"></span>ates or equi<span class=\"_ _0\"></span>ty prices<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x7 h4f ybae ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse0 wsf0\">Financial asset<span class=\"_ _0\"></span>s held at fai<span class=\"_ _0\"></span>r value throu<span class=\"_ _2b\"></span>gh profit or loss:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x43 h4f ybaf ffaa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffa9\"> <span class=\"_ _a\"> </span><span class=\"ffa4 lse2 wsf1\">Held</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">for<span class=\"_ _2\"></span></span>-<span class=\"lse2 wsfa\">trading: include<span class=\"_ _2\"></span>s secur<span class=\"lse0 wsf0\">ities th<span class=\"_ _0\"></span>at are acqui<span class=\"_ _2b\"></span>red for the </span></span></span></span></div>\n<div class=\"t m0 x217 h4f ybb0 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">purpose of genera<span class=\"_ _2\"></span>ting short<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term profi<span class=\"_ _0\"></span>ts;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x43 h4f ybb1 ffaa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffa9\"> <span class=\"_ _a\"> </span><span class=\"ffa4 lse0 wsfa\">Financ<span class=\"_ _2b\"></span>ial securiti<span class=\"_ _0\"></span>es desig<span class=\"_ _2b\"></span>nated at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it or </span></span></div>\n<div class=\"t m0 x217 h4f ybb2 ffa4 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 ybb3 ffa6 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Measure<span class=\"_ _0\"></span>ment of fi<span class=\"_ _0\"></span>nancial ass<span class=\"_ _2b\"></span>ets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ybb4 ffa4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"lse0 wsf0\">maturit<span class=\"_ _0\"></span>y invest<span class=\"_ _0\"></span>ments ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d at amortis<span class=\"_ _2b\"></span>ed cost less any </span></span></div>\n<div class=\"t m0 x7 h4f ybb5 ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">allowan<span class=\"_ _0\"></span>ces <span class=\"wsfa\">for im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt. Any <span class=\"_ _0\"></span>differen<span class=\"_ _2b\"></span>ce with the fai<span class=\"_ _2b\"></span>r value at initi<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x1a h4f ybb6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, resulting fr<span class=\"_ _2b\"></span>om transaction c<span class=\"_ _0\"></span>osts, init<span class=\"_ _0\"></span>ial premi<span class=\"_ _2b\"></span>ums or</div>\n<div class=\"t m0 x1a h4f ybb7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _0\"></span>s, is amo<span class=\"_ _0\"></span>rtised ov<span class=\"_ _0\"></span>er the life of<span class=\"_ _0\"></span> the invest<span class=\"_ _0\"></span>ment usi<span class=\"_ _0\"></span>ng the effec<span class=\"_ _0\"></span>tive</div>\n<div class=\"t m0 x1a h4f ybb8 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t metho<span class=\"_ _0\"></span>d. If a he<span class=\"_ _0\"></span>ld<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>mat<span class=\"_ _2b\"></span>urity asset is d<span class=\"_ _0\"></span>etermi<span class=\"_ _0\"></span>ned to b<span class=\"_ _0\"></span>e impaire<span class=\"_ _2b\"></span>d,</div>\n<div class=\"t m0 x1a h4f ybb9 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the allo<span class=\"_ _2b\"></span>wance for impa<span class=\"_ _0\"></span>irment <span class=\"_ _0\"></span>is recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _2b\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 766px; height: 58px; width: 352px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 42px; width: 342px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f ybba ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f ybbb ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans and r<span class=\"_ _0\"></span>eceivabl<span class=\"_ _2b\"></span>es are measured at am<span class=\"_ _0\"></span>ortised c<span class=\"_ _0\"></span>ost less any<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ybbc ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">allowances for<span class=\"_ _2\"></span> impairment. At initial reco<span class=\"_ _2\"></span>gnition, loans and receiv<span class=\"_ _2\"></span>ables</div>\n<div class=\"t m0 x1a h4f ybbd ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are measu<span class=\"_ _0\"></span>red at fair va<span class=\"_ _2b\"></span>lue i<span class=\"lse2 ws103\">ncluding<span class=\"_ _2\"></span> transaction costs and ini<span class=\"_ _2\"></span>tial </span></div>\n<div class=\"t m0 x1a h4f ybbe ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms or disco<span class=\"_ _0\"></span>unts. Amo<span class=\"_ _2b\"></span>rtised cost is calc<span class=\"_ _0\"></span>ulated us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _0\"></span>ective</div>\n<div class=\"t m0 x1a h4f ybbf ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate m<span class=\"_ _0\"></span>ethod (<span class=\"_ _0\"></span>EIR), ta<span class=\"_ _2b\"></span>king into acc<span class=\"_ _0\"></span>ount any <span class=\"_ _0\"></span>disco<span class=\"_ _0\"></span>unt or pr<span class=\"_ _0\"></span>emium</div>\n<div class=\"t m0 x1a h4f ybc0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on acquisi<span class=\"_ _0\"></span>tion and fee<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>or cost<span class=\"_ _0\"></span>s that are an in<span class=\"_ _0\"></span>tegral pa<span class=\"_ _0\"></span>rt of the EIR.<span class=\"_ _0\"></span> The<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybc1 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EIR amo<span class=\"_ _0\"></span>rtisati<span class=\"_ _0\"></span>on is reco<span class=\"_ _2b\"></span>gnised in the i<span class=\"_ _0\"></span>ncome st<span class=\"_ _2b\"></span>atement. Gains<span class=\"_ _0\"></span> and</div>\n<div class=\"t m0 x1a h4f ybc2 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">losses a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> when th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ments</div>\n<div class=\"t m0 x1a h4f ybc3 ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">are <span class=\"lse2 wsf1\">de<span class=\"wsfa\">recognised o<span class=\"_ _2\"></span>r impaired. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 609px; height: 136px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f ybc4 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybc5 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For floati<span class=\"_ _2b\"></span>ng rate instrume<span class=\"_ _0\"></span>nts, the cas<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>flo<span class=\"_ _0\"></span>ws are perio<span class=\"_ _0\"></span>dically<span class=\"_ _0\"></span> re<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f ybc6 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed to reflect mo<span class=\"_ _2b\"></span>vements in ma<span class=\"_ _0\"></span>rket int<span class=\"_ _0\"></span>erest rat<span class=\"_ _2b\"></span>es. If the flo<span class=\"_ _0\"></span>ating</div>\n<div class=\"t m0 x1a h4f ybc7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate instr<span class=\"_ _2b\"></span>ument is initially rec<span class=\"_ _2b\"></span>ognised at an amo<span class=\"_ _0\"></span>unt (almost<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>eq<span class=\"_ _0\"></span>ual to the</div>\n<div class=\"t m0 x1a h4f ybc8 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">principal repa<span class=\"_ _2\"></span>yable, the re<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">estimation ha<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>no si<span class=\"_ _0\"></span>gnifica<span class=\"_ _0\"></span>nt effect on t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f ybc9 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> amount of th<span class=\"_ _0\"></span>e instrum<span class=\"_ _2b\"></span>ent and there w<span class=\"_ _2b\"></span>ill be no adjust<span class=\"_ _0\"></span>ment to t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f ybca ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>int<span class=\"_ _0\"></span>erest, rep<span class=\"_ _0\"></span>orted on an ac<span class=\"_ _2b\"></span>crual basis. How<span class=\"_ _0\"></span>ever, if a fl<span class=\"_ _0\"></span>oating</div>\n<div class=\"t m0 x1a h4f ybcb ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate instr<span class=\"_ _2b\"></span>ument is acquir<span class=\"_ _0\"></span>ed at a<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">significan<span class=\"_ _2\"></span>t premium or discount,</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">this </span></span></div>\n<div class=\"t m0 x1a h4f ybcc ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>m or disco<span class=\"_ _2b\"></span>unt is amortis<span class=\"_ _2b\"></span>ed over the exp<span class=\"_ _0\"></span>ected lif<span class=\"_ _0\"></span>e of the</div>\n<div class=\"t m0 x1a h4f ybcd ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent and is i<span class=\"_ _0\"></span>ncluded i<span class=\"_ _0\"></span>n the calcul<span class=\"_ _0\"></span>ation of the EI<span class=\"_ _2b\"></span>R. The carrying</div>\n<div class=\"t m0 x1a h4f ybce ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount is r<span class=\"_ _0\"></span>ecalcul<span class=\"_ _2b\"></span>ated each period b<span class=\"_ _0\"></span>y computi<span class=\"_ _0\"></span>ng the pres<span class=\"_ _0\"></span>ent value of</div>\n<div class=\"t m0 x1a h4f ybcf ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fut<span class=\"_ _2b\"></span>ure cash flows at the act<span class=\"_ _2b\"></span>ual effective inte<span class=\"_ _2b\"></span>rest rate. Any</div>\n<div class=\"t m0 x1a h4f ybd0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ments are re<span class=\"_ _2b\"></span>cognised in profi<span class=\"_ _0\"></span>t or loss.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybd1 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f ybd2 ffa4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsf0\">trading i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts, deriv<span class=\"_ _2b\"></span>atives and assets<span class=\"_ _0\"></span> design<span class=\"_ _0\"></span>ated as held </span></span></div>\n<div class=\"t m0 x1a h4f ybd3 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _2b\"></span>ough profit or l<span class=\"_ _0\"></span>oss are <span class=\"_ _2b\"></span>measured at fai<span class=\"_ _2b\"></span>r value. Chang<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x1a h4f ybd4 ffa4 fs3a fc14 sc0 lsfc ws121\" style=\"z-index: 15;\">in the<span class=\"_ _2\"></span><span class=\"ls102 ws11d\">ir<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">fair value a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e income stat<span class=\"_ _2b\"></span>ement. The (real<span class=\"_ _0\"></span>ised </span></span></span></div>\n<div class=\"t m0 x1a h4f ybd5 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and unre<span class=\"_ _2b\"></span>alised) resul<span class=\"_ _0\"></span>ts are inc<span class=\"_ _2b\"></span>luded in \u2018Resu<span class=\"_ _0\"></span>lt on sa<span class=\"_ _0\"></span>les and</div>\n<div class=\"t m0 x1a h4f ybd6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">revaluat<span class=\"_ _2b\"></span>ions\u2019. Interest re<span class=\"_ _2b\"></span>ceived (paid) on as<span class=\"_ _0\"></span>sets (lia<span class=\"_ _2b\"></span>bilities) held fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f ybd7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">trading is<span class=\"_ _0\"></span> reporte<span class=\"_ _0\"></span>d as intere<span class=\"_ _0\"></span>st income (e<span class=\"_ _0\"></span>xpense).<span class=\"_ _0\"></span> Divide<span class=\"lse2 wsfa\">nds received are </span></div>\n<div class=\"t m0 x1a h4f ybd8 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in \u2018Inter<span class=\"_ _0\"></span>est, divi<span class=\"_ _0\"></span>dend and ot<span class=\"_ _0\"></span>her invest<span class=\"_ _0\"></span>ment inc<span class=\"_ _0\"></span>ome\u2019.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 100px; width: 352px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 105px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 472px; width: 352px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 551px; width: 352px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 472px; width: 343px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 477px; width: 352px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 556px; width: 352px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 477px; width: 343px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 245px; height: 587px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 245px; height: 861px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The majority of Ageas's financial investments (being bonds and equity<span class=\"ws103\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">instruments) are classified as available-for-sale and are measured at fair<span class=\"wsf0\"><span class=\"wsef\"> </span></span></div>\n<div class=\"t m0 x7 h4f y804 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">value. Changes in their fair value are recognised in other<span class=\"wsf1\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">comprehensive income until the investment is sold.<span class=\"lse0 wsf0\"> At the mo<span class=\"_ _0\"></span>ment of </span></div>\n<div class=\"t m0 x7 h4f y806 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span>, the accu<span class=\"_ _2b\"></span>mulated fair valu<span class=\"_ _0\"></span>e changes in ot<span class=\"_ _2b\"></span>her comprehe<span class=\"_ _0\"></span>nsive</div>\n<div class=\"t m0 x7 h4f y807 ffab fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">income<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are recycled throu<span class=\"_ _2\"></span>gh the income statement. Reve<span class=\"_ _2\"></span>nue o<span class=\"lse0 wsef\">n </span></span></span></div>\n<div class=\"t m0 x7 h4f y808 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"ws103\">sale<span class=\"_ _2\"></span> debt securities is recogni<span class=\"_ _2\"></span>sed using the effective </span></div>\n<div class=\"t m0 x7 h4f y809 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t metho<span class=\"_ _0\"></span>d. Peri<span class=\"_ _0\"></span>odic amo<span class=\"_ _0\"></span>rtisati<span class=\"_ _2b\"></span>on and impairm<span class=\"_ _0\"></span>ent loss<span class=\"_ _0\"></span>es are</div>\n<div class=\"t m0 x7 h4f y80a ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recognised in<span class=\"_ _2\"></span> the income statement and dividen<span class=\"_ _2\"></span>ds are recognised as</div>\n<div class=\"t m0 x7 h4f y80b ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income up<span class=\"_ _0\"></span>on receipt<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 945px; height: 152px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y80c ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80d ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For thos<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance po<span class=\"_ _0\"></span>rtfolio<span class=\"_ _0\"></span>s,<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">where unr<span class=\"_ _2b\"></span>ealised gains and l<span class=\"_ _0\"></span>osses on </span></div>\n<div class=\"t m0 x7 h4f y80e ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">bonds hav<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>a direc<span class=\"_ _2b\"></span>t impact on the measur<span class=\"_ _0\"></span>ement of t<span class=\"_ _0\"></span>he insura<span class=\"_ _0\"></span>nce</div>\n<div class=\"t m0 x7 h4f y80f ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities,<span class=\"_ _2\"></span> Ageas applies shado<span class=\"_ _2\"></span>w accounting in <span class=\"_ _2\"></span>accordance with IF<span class=\"_ _2\"></span>RS<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">4. </span></span></div>\n<div class=\"t m0 x7 h4f y810 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t the changes in the unrealised<span class=\"_ _2\"></span> gains and losses will</div>\n<div class=\"t m0 x7 h4f y90a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">affect the m<span class=\"_ _2b\"></span>eas<span class=\"lse2 wsfa\">urement<span class=\"_ _2\"></span> of the insurance <span class=\"_ _2\"></span>liabilities, implyi<span class=\"_ _2\"></span>ng why those </span></div>\n<div class=\"t m0 x7 h4f y90b ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes w<span class=\"_ _0\"></span>ill theref<span class=\"_ _2b\"></span>ore not be part of equit<span class=\"_ _0\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y8d0 ffad fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f <span class=\"wsf1\">financial<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">assets</span> </span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A financial asse<span class=\"_ _2\"></span>t (or group of financial as<span class=\"_ _2\"></span>sets) classified as either</div>\n<div class=\"t m0 x7 h4f y8d2 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span>, loans and receiv<span class=\"_ _2\"></span>ables or held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-</span><span class=\"ws103\">maturity is dee<span class=\"_ _2\"></span>med </span></span></div>\n<div class=\"t m0 x7 h4f y8d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be impai<span class=\"_ _0\"></span>red if:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb28 ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 wsfa\">T<span class=\"_ _2\"></span>here is objective e<span class=\"_ _2\"></span>vidence of impairm<span class=\"_ _2\"></span>ent</span><span class=\"ffab\"> <span class=\"lse0 wsf0\">as a result of<span class=\"_ _0\"></span> one or more </span></span></span></div>\n<div class=\"t m0 x43 h4f yb29 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss eve<span class=\"_ _0\"></span>nts or t<span class=\"_ _0\"></span>rigger<span class=\"_ _0\"></span>s (e.g. s<span class=\"_ _2b\"></span>ignificant fin<span class=\"_ _2b\"></span>ancial diffic<span class=\"_ _0\"></span>ulty of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x43 h4f yb2a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issuer) t<span class=\"_ _0\"></span>hat have o<span class=\"_ _0\"></span>ccurred af<span class=\"_ _0\"></span>ter the ini<span class=\"_ _0\"></span>tial recog<span class=\"_ _2b\"></span>nition of the asset;<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x43 h4f yb2b ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lsf3 ws11c\">Th<span class=\"lse0 wsf0\">at loss event (or ev<span class=\"_ _0\"></span>ents) has (o<span class=\"_ _0\"></span>r have) an im<span class=\"_ _0\"></span>pact on the </span></span></span></div>\n<div class=\"t m0 x43 h4f yb2d ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed future cash f<span class=\"_ _2b\"></span>lows of the fina<span class=\"_ _2b\"></span>ncial asset (o<span class=\"_ _0\"></span>r group o<span class=\"_ _0\"></span>f</div>\n<div class=\"t m0 x43 h4f y962 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>that c<span class=\"_ _0\"></span>an be reliabl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>est<span class=\"_ _0\"></span>imated.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y963 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y964 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For equit<span class=\"_ _0\"></span>y securiti<span class=\"_ _2b\"></span>es, the triggers us<span class=\"_ _0\"></span>ed to dete<span class=\"_ _0\"></span>rmine whet<span class=\"_ _2b\"></span>her <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is</div>\n<div class=\"t m0 x7 h4f y965 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve evide<span class=\"_ _0\"></span>nce of i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent inclu<span class=\"_ _2b\"></span>de, amongst ot<span class=\"_ _0\"></span>hers, th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y966 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration whether t<span class=\"_ _2b\"></span>he fair value is<span class=\"_ _2b\"></span> significantl<span class=\"_ _0\"></span>y (25%)<span class=\"_ _2b\"></span> below the</div>\n<div class=\"t m0 x7 h4f y967 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">carrying v<span class=\"_ _2\"></span>alue or has been b<span class=\"_ _2\"></span>elow the carrying <span class=\"_ _2\"></span>value for a prol<span class=\"_ _2\"></span>onged</div>\n<div class=\"t m0 x7 h4f y968 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period (<span class=\"_ _0\"></span>365 consec<span class=\"_ _2b\"></span>utive days) on the dat<span class=\"_ _0\"></span>e of the state<span class=\"_ _2b\"></span>me<span class=\"wsfa\">nt of financ<span class=\"_ _0\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y969 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Depend<span class=\"_ _0\"></span>ing on th<span class=\"_ _0\"></span>e type of <span class=\"_ _0\"></span>financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _0\"></span>, the r<span class=\"_ _0\"></span>ecovera<span class=\"_ _0\"></span>ble amo<span class=\"_ _0\"></span>unt can</div>\n<div class=\"t m0 x7 h4f y96c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">be estimat<span class=\"_ _2b\"></span>ed as follows: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair <span class=\"wsf0\">value us<span class=\"_ _0\"></span>ing an obs<span class=\"_ _0\"></span>ervable m<span class=\"_ _2b\"></span>arket price;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair value <span class=\"_ _2b\"></span>using non<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">data<span class=\"_ _2\"></span></span>; </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96f ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsf0\">Based on the</span><span class=\"ffab\"> <span class=\"lse0 wsfa\">fair val<span class=\"_ _2b\"></span>ue of the coll<span class=\"_ _0\"></span>ateral. <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y970 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y971 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If an available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-</span></span>sale asset<span class=\"_ _2\"></span> is determined to be impaired, t<span class=\"_ _2\"></span>he allowance</div>\n<div class=\"t m0 x7 h4f y972 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for impai<span class=\"_ _0\"></span>rment is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _0\"></span>ent. For imp<span class=\"_ _0\"></span>aired</div>\n<div class=\"t m0 x7 h4f y973 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span> assets, unrealised<span class=\"_ _2\"></span> losses previousl<span class=\"_ _2\"></span>y recognised in </span></div>\n<div class=\"t m0 x7 h4f y974 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other compr<span class=\"lse0 wsf0\">ehensive inco<span class=\"_ _0\"></span>me<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are transferred<span class=\"_ _2\"></span> to the income statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y975 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">when the i<span class=\"_ _2\"></span>mpairment occurs. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y977 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If, in a s<span class=\"_ _0\"></span>ubsequ<span class=\"_ _0\"></span>ent per<span class=\"_ _0\"></span>iod, th<span class=\"_ _0\"></span>e fair val<span class=\"_ _2b\"></span>ue of a debt inst<span class=\"_ _2b\"></span>rument classi<span class=\"_ _0\"></span>fied</div>\n<div class=\"t m0 x1a h4f y978 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as availa<span class=\"_ _0\"></span>ble<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span><span class=\"wsfa\">sal<span class=\"_ _2b\"></span>e increases an<span class=\"_ _0\"></span>d the inc<span class=\"_ _2b\"></span>rease object<span class=\"_ _0\"></span>ively rel<span class=\"_ _2b\"></span>ates to an </span></div>\n<div class=\"t m0 x1a h4f y979 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event occu<span class=\"_ _2b\"></span>rring after the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _2b\"></span>on of any allowance for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _2b\"></span>nt in</div>\n<div class=\"t m0 x1a h4f y97a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the incom<span class=\"_ _0\"></span>e statement<span class=\"_ _2b\"></span>, the allowance f<span class=\"_ _0\"></span>or impair<span class=\"_ _0\"></span>ment is rev<span class=\"_ _0\"></span>ersed, wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f y97b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the rev<span class=\"_ _2b\"></span>ersal <span class=\"lse2 wsf1\">being </span><span class=\"wsf0\">recognised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>. </span></div>\n<div class=\"t m0 x1a h4f y97c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Further po<span class=\"_ _2b\"></span>sitive revaluat<span class=\"_ _0\"></span>ions of debt<span class=\"_ _0\"></span> instru<span class=\"_ _0\"></span>ments clas<span class=\"_ _2b\"></span>sified as a<span class=\"ls102 ws11d\">vailable<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f y97d ffab fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\">-<span class=\"lsfb wsfa\">sal<span class=\"_ _2\"></span>e <span class=\"lse2\">is recognise<span class=\"_ _2\"></span>d</span></span> <span class=\"lse0 wsfa\">in oth<span class=\"_ _0\"></span>er comp<span class=\"_ _0\"></span>rehensiv<span class=\"_ _2b\"></span>e income.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb32 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb33 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments on<span class=\"_ _2\"></span> an equity instrument class<span class=\"_ _2\"></span>ified as available<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">sale ar<span class=\"_ _0\"></span>e </span></span></span></div>\n<div class=\"t m0 x1a h4f yb34 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rev<span class=\"_ _0\"></span>ersed th<span class=\"_ _0\"></span>rough th<span class=\"_ _0\"></span>e income<span class=\"_ _2b\"></span> statement; i<span class=\"_ _0\"></span>ncrease<span class=\"_ _0\"></span>s in the<span class=\"_ _0\"></span>ir fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yb35 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">after imp<span class=\"_ _0\"></span>airment ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d directly<span class=\"_ _0\"></span> in ot<span class=\"lse2 wsfa\">her comprehensi<span class=\"_ _2\"></span>ve income.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 157px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 456px; width: 354px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 162px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 461px; width: 354px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 167px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 466px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y976 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h55 y982 ffad fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Trade and <span class=\"wsef\">set<span class=\"_ _0\"></span>tlement<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">date</span> </span></span></div>\n<div class=\"t m0 x1a h4f y983 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All purch<span class=\"_ _0\"></span>ases and sal<span class=\"_ _0\"></span>es of financ<span class=\"_ _2b\"></span>ial assets requi<span class=\"_ _2b\"></span>ring delivery wit<span class=\"_ _0\"></span>hin the</div>\n<div class=\"t m0 x1a h4f y984 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">timefra<span class=\"_ _0\"></span>me esta<span class=\"_ _0\"></span>blished <span class=\"_ _0\"></span>by regu<span class=\"_ _0\"></span>lation o<span class=\"_ _0\"></span>r market<span class=\"_ _0\"></span> convent<span class=\"_ _2b\"></span>ion are</div>\n<div class=\"t m0 x1a h4f y9c2 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed on th<span class=\"_ _2b\"></span>e trade date, w<span class=\"_ _0\"></span>hich is<span class=\"_ _2b\"></span> the date when A<span class=\"_ _0\"></span>geas bec<span class=\"_ _0\"></span>omes a</div>\n<div class=\"t m0 x1a h4f y9c3 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">party to t<span class=\"_ _2b\"></span>he contractu<span class=\"_ _0\"></span>al provis<span class=\"_ _2b\"></span>ions of the fin<span class=\"_ _2b\"></span>ancial assets.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c4 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c5 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Forward p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>es and sales,<span class=\"_ _0\"></span> other than th<span class=\"_ _2b\"></span>ose requiring del<span class=\"_ _2b\"></span>ivery within</div>\n<div class=\"t m0 x1a h4f y9c6 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the timef<span class=\"_ _0\"></span>rame esta<span class=\"_ _2b\"></span>blished by regulat<span class=\"_ _2b\"></span>ion or market conv<span class=\"_ _0\"></span>ention,<span class=\"_ _0\"></span> are</div>\n<div class=\"t m0 x1a h4f y9c7 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised a<span class=\"_ _2\"></span>s derivative forward<span class=\"_ _2\"></span> transactions until<span class=\"_ _2\"></span> set<span class=\"wsf1\">tlement. <span class=\"ls0 ws0\"> </span></span></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h55 y98b ffad fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"wsef\">financi<span class=\"_ _2b\"></span>al<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">liabilities</span> </span></span></div>\n<div class=\"t m0 x1a h4f y98c ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The IFRS classi<span class=\"_ _2\"></span>fication of financial liabil<span class=\"_ _2\"></span>ities determines their<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y98d ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment and re<span class=\"_ _2b\"></span>cognition in the i<span class=\"_ _0\"></span>ncome stat<span class=\"_ _2b\"></span>ement as follows<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">Financial liabilities at fair value through profit or loss include:<span class=\"wsef\"><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y98f ffab fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">i)  Financial liabilities held-for-trading<span class=\"ls102 ws115\"><span class=\"lsfc\"><span class=\"ls0 ws0\"><span class=\"lse2 wsfa\">, including<span class=\"_ _2\"></span> derivative </span></span></span></span></div>\n<div class=\"t m0 x1e6 h4f y990 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> that do not qualify for hedge<span class=\"_ _2\"></span> accounting; and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f y991 ffab fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">ii)<span class=\"ffaf ls0 ws0\"> <span class=\"_ _22\"> </span></span><span class=\"lse2 wsfa\">Financial l<span class=\"_ _2\"></span>iabilities that Agea<span class=\"_ _2\"></span>s has irrevocabl<span class=\"_ _2\"></span>y designated at </span></div>\n<div class=\"t m0 x1e6 h4f y992 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initial re<span class=\"_ _2\"></span>cognition or at f<span class=\"_ _2\"></span>irst<span class=\"ls0 ws0\">-</span><span class=\"ws103\">time adoption<span class=\"_ _2\"></span> of IFRS as held at f<span class=\"lse0 wsef\">air </span></span></div>\n<div class=\"t m0 x1e6 h4f y993 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss, b<span class=\"_ _0\"></span>ecause:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1e6 h4f y994 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lse0 wsf0\">The host contrac<span class=\"_ _0\"></span>t inclu<span class=\"_ _0\"></span>des an embe<span class=\"_ _0\"></span>dded deri<span class=\"_ _0\"></span>vative th<span class=\"_ _2b\"></span>at </span></span></div>\n<div class=\"t m0 x23 h4f y995 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">would othe<span class=\"_ _2b\"></span>rwise require se<span class=\"_ _0\"></span>paratio<span class=\"_ _2b\"></span>n;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1e6 h4f y996 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lse0 wsf0\">It eliminates o<span class=\"_ _0\"></span>r signific<span class=\"_ _0\"></span>antly red<span class=\"_ _0\"></span>uces a meas<span class=\"_ _0\"></span>urement o<span class=\"_ _2b\"></span>r </span></span></div>\n<div class=\"t m0 x23 h4f y997 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion inconsiste<span class=\"_ _0\"></span>ncy (\u2018acc<span class=\"_ _0\"></span>ountin<span class=\"_ _0\"></span>g mismatch<span class=\"_ _2b\"></span>\u2019)<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">or</span> </span></div>\n<div class=\"t m0 x1e6 h4f y9c8 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lsf4 ws10c\">It <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">rel<span class=\"_ _0\"></span>ates to a <span class=\"_ _0\"></span>group of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _2b\"></span>s and/or liabi<span class=\"_ _0\"></span>lities t<span class=\"_ _2b\"></span>hat </span></span></span></div>\n<div class=\"t m0 x23 h4f y9c9 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are mana<span class=\"_ _0\"></span>ged and of whic<span class=\"_ _0\"></span>h the perfo<span class=\"_ _2b\"></span>rmance is evaluat<span class=\"_ _0\"></span>ed on a</div>\n<div class=\"t m0 x23 h4f y9ca ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e basis.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cb ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 ws103\">O<span class=\"_ _2\"></span>ther financial liabili<span class=\"_ _2\"></span>ties are initially recognised<span class=\"_ _2\"></span> at fair value less </span></span></div>\n<div class=\"t m0 x6c h4f y9cc ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion costs. Subse<span class=\"_ _0\"></span>quently<span class=\"_ _0\"></span>, other fi<span class=\"_ _0\"></span>nan<span class=\"ls102 ws115\">cial liabili<span class=\"_ _2\"></span>ties are </span></div>\n<div class=\"t m0 x6c h4f y9cd ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at amort<span class=\"_ _0\"></span>ised cost us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _2b\"></span>ective interest met<span class=\"_ _2b\"></span>hod,</div>\n<div class=\"t m0 x6c h4f y9ce ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with the per<span class=\"_ _0\"></span>iodic am<span class=\"_ _0\"></span>ortisat<span class=\"_ _0\"></span>ion reco<span class=\"_ _0\"></span>rded in the inc<span class=\"_ _0\"></span>ome state<span class=\"_ _0\"></span>ment.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cf ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d0 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Subordinated lia<span class=\"_ _2\"></span>bilities and borrowings ar<span class=\"_ _2\"></span>e initially recognised at fa<span class=\"_ _2\"></span>ir</div>\n<div class=\"t m0 x1a h4f y9d1 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value les<span class=\"_ _2b\"></span>s <span class=\"wsf0\">transacti<span class=\"_ _0\"></span>on costs and a<span class=\"_ _0\"></span>re subse<span class=\"_ _0\"></span>quently me<span class=\"_ _2b\"></span>asured at </span></div>\n<div class=\"t m0 x1a h4f y9d2 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost usi<span class=\"_ _2b\"></span>ng the effective int<span class=\"_ _2b\"></span>erest method, wit<span class=\"_ _2b\"></span>h the periodic</div>\n<div class=\"t m0 x1a h4f y9d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ation rec<span class=\"_ _2b\"></span>orded in the income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 388px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 388px; width: 334px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 330px; height: 776px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 330px; height: 776px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 330px; height: 776px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 330px; height: 776px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffb3 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Transaction co<span class=\"_ _2\"></span>sts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Transac<span class=\"_ _0\"></span>tion cost<span class=\"_ _0\"></span>s on financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span><span class=\"wsfa\">uments r<span class=\"_ _2b\"></span>efer to the inc<span class=\"_ _0\"></span>rementa<span class=\"_ _0\"></span>l costs </span></div>\n<div class=\"t m0 x7 h4f y804 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">directl<span class=\"_ _0\"></span>y attribut<span class=\"_ _2b\"></span>able to the acquisit<span class=\"_ _2b\"></span>ion or disposal of a fi<span class=\"_ _0\"></span>nancial as<span class=\"_ _0\"></span>set or</div>\n<div class=\"t m0 x7 h4f y805 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y. They inc<span class=\"_ _2b\"></span>lude fees and commi<span class=\"_ _0\"></span>ssions pa<span class=\"_ _0\"></span>id to agents,<span class=\"_ _0\"></span> advisers<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y806 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">brokers an<span class=\"_ _2b\"></span>d dealers, levies im<span class=\"_ _0\"></span>posed by<span class=\"_ _0\"></span> regulato<span class=\"_ _0\"></span>ry agenci<span class=\"_ _2b\"></span>es and</div>\n<div class=\"t m0 x7 h4f y807 ffb1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span><span class=\"lse2 ws103\">ies exchanges as<span class=\"_ _2\"></span> well as transfer taxes and duties. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Those tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _0\"></span>n costs ar<span class=\"_ _0\"></span>e include<span class=\"_ _0\"></span>d in the initi<span class=\"_ _0\"></span>al measure<span class=\"_ _0\"></span>ment of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y80a ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial asse<span class=\"_ _2\"></span>t or liability, except if<span class=\"_ _2\"></span> the financial asset or liab<span class=\"_ _2\"></span>ility is</div>\n<div class=\"t m0 x7 h4f y80b ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss, in w<span class=\"_ _2b\"></span>hich<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">ca<span class=\"_ _2b\"></span>se transaction </span></div>\n<div class=\"t m0 x7 h4f y80c ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">costs are <span class=\"_ _2\"></span>directly expensed.<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 929px; height: 163px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 929px; height: 168px; width: 351px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y882 ffb3 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Fair val<span class=\"_ _0\"></span>ue of financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y883 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value i<span class=\"_ _0\"></span>s the amou<span class=\"_ _2b\"></span>nt for which an<span class=\"_ _0\"></span> asset o<span class=\"_ _0\"></span>r grant<span class=\"_ _0\"></span>ed equit<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x7 h4f y884 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent could b<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>exc<span class=\"_ _0\"></span>hanged a<span class=\"_ _0\"></span>nd a liability<span class=\"_ _0\"></span> could be set<span class=\"_ _0\"></span>tled bet<span class=\"_ _0\"></span>ween</div>\n<div class=\"t m0 x7 h4f y885 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">knowledgeable<span class=\"_ _2\"></span>, willing parties<span class=\"_ _2\"></span> in a<span class=\"lse0 wsf0\">n arm\u2019s len<span class=\"_ _0\"></span>gth trans<span class=\"_ _0\"></span>action.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y886 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8cf ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value pr<span class=\"_ _2b\"></span>esented is the <span class=\"_ _0\"></span>\u2018clean\u2019<span class=\"_ _0\"></span> fair val<span class=\"_ _0\"></span>ue, whic<span class=\"_ _2b\"></span>h is the total f<span class=\"_ _0\"></span>air</div>\n<div class=\"t m0 x7 h4f y8d0 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value or \u2018di<span class=\"_ _0\"></span>rty\u2019 fai<span class=\"_ _0\"></span>r value less<span class=\"_ _0\"></span> interest acc<span class=\"_ _2b\"></span>ruals and trans<span class=\"_ _0\"></span>action cost<span class=\"_ _0\"></span>s.</div>\n<div class=\"t m0 x7 h4f y8d1 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Accrued i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> are classif<span class=\"_ _2b\"></span>ied separately.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d2 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d3 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fair val<span class=\"_ _0\"></span>ue of a liabil<span class=\"_ _2b\"></span>ity or<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">own<span class=\"_ _2\"></span> equity instrument reflec<span class=\"_ _2\"></span>ts the effect of </span></span></div>\n<div class=\"t m0 x7 h4f yb28 ffb1 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">performanc<span class=\"_ _0\"></span>e risk. Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">performance<span class=\"_ _2\"></span> risk includes, but <span class=\"_ _2\"></span>may not be </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limite<span class=\"_ _0\"></span>d to, the entit<span class=\"_ _2b\"></span>y\u2019s own risk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2a ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f yb2b ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An asset or liabil<span class=\"_ _2\"></span>ity is initially measured<span class=\"_ _2\"></span> at fair value. If the tran<span class=\"_ _2\"></span>saction</div>\n<div class=\"t m0 x7 h4f yb2c ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">price dif<span class=\"_ _0\"></span>fers f<span class=\"_ _0\"></span>rom this<span class=\"_ _0\"></span> fair<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">value,<span class=\"_ _0\"></span> the result<span class=\"_ _2b\"></span>ing gain or loss is reco<span class=\"_ _2b\"></span>gnised </span></div>\n<div class=\"t m0 x7 h4f yb2d ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> unless I<span class=\"_ _2b\"></span>FRS specify ot<span class=\"_ _2b\"></span>herwise.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 36px; width: 353px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y962 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y963 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The basic p<span class=\"_ _0\"></span>rincipl<span class=\"_ _0\"></span>es used for es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ing fair val<span class=\"_ _2b\"></span>ue are as follows:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y964 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse2 wsfa\">M<span class=\"_ _2\"></span>aximisation of the <span class=\"_ _2\"></span>use or relevant<span class=\"_ _2\"></span> observable (market) i<span class=\"_ _2\"></span>nputs and </span></span></div>\n<div class=\"t m0 x43 h4f y965 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">minimis<span class=\"_ _0\"></span>ation of <span class=\"wsfa\">th<span class=\"_ _0\"></span>e use of<span class=\"_ _0\"></span> unobse<span class=\"_ _0\"></span>rvable <span class=\"_ _0\"></span>inputs (s<span class=\"_ _2b\"></span>uch as internal<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x43 h4f y966 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es and assumptions<span class=\"_ _2b\"></span>);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y967 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Only change in esti<span class=\"_ _0\"></span>mating tec<span class=\"_ _2b\"></span>hniques if an impro<span class=\"_ _2b\"></span>vement can be </span></span></div>\n<div class=\"t m0 x43 h4f y968 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rated or if<span class=\"_ _0\"></span> a change is nec<span class=\"_ _2b\"></span>essary because of<span class=\"_ _0\"></span> changes in</div>\n<div class=\"t m0 x43 h4f y969 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market co<span class=\"_ _0\"></span>nditio<span class=\"_ _0\"></span>ns or in the avai<span class=\"_ _0\"></span>labilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>of inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span><span class=\"wsef\">n.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y96a ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In dete<span class=\"_ _0\"></span>rmining t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue, follow<span class=\"_ _0\"></span>ing hiera<span class=\"_ _2b\"></span>rchy for dete<span class=\"_ _0\"></span>rminin<span class=\"_ _0\"></span>g and</div>\n<div class=\"t m0 x7 h4f y96c ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ing the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue is use<span class=\"_ _2b\"></span>d, in the orde<span class=\"_ _0\"></span>r listed:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsfa\">Level 1: fair v<span class=\"_ _0\"></span>alues me<span class=\"_ _2b\"></span>asured using (<span class=\"_ _2b\"></span>unadjusted) q<span class=\"_ _0\"></span>uoted p<span class=\"_ _0\"></span>rices i<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x43 h4f y96e ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an active ma<span class=\"_ _2b\"></span>rket for identical<span class=\"_ _0\"></span> assets or <span class=\"lse2 wsfa\">liabilities, which m<span class=\"_ _2\"></span>eans that </span></div>\n<div class=\"t m0 x43 h4f y96f ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quoted prices are<span class=\"_ _2\"></span> readily available and re<span class=\"_ _2\"></span>flect actual and regularly</div>\n<div class=\"t m0 x43 h4f y970 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occurri<span class=\"_ _0\"></span>ng market t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions on an a<span class=\"_ _0\"></span>rm\u2019s lengt<span class=\"_ _0\"></span>h basis;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y971 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Level 2: fair values<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>meas<span class=\"_ _0\"></span>ured usin<span class=\"_ _0\"></span>g inputs oth<span class=\"_ _2b\"></span>er than quoted prices<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x43 h4f y972 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in leve<span class=\"_ _0\"></span>l 1 that<span class=\"_ _0\"></span> are obs<span class=\"_ _0\"></span>e<span class=\"wsf0\">rvabl<span class=\"_ _0\"></span>e (in the mark<span class=\"_ _0\"></span>et), eithe<span class=\"_ _0\"></span>r direct<span class=\"_ _0\"></span>ly </span></div>\n<div class=\"t m0 x43 h4f y973 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(i.e. pric<span class=\"_ _2b\"></span>es) or indirectly (i.<span class=\"_ _2b\"></span>e. derived from pric<span class=\"_ _2b\"></span>es, such as interest<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x43 h4f y974 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exchang<span class=\"_ _2b\"></span>e rates);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Level 3: fair values<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>meas<span class=\"_ _0\"></span>ured usin<span class=\"_ _0\"></span>g inputs that<span class=\"_ _0\"></span> are not (c<span class=\"_ _0\"></span>omplete<span class=\"_ _0\"></span>ly) </span></span></div>\n<div class=\"t m0 x43 h4f y976 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>observable data;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lsfc ws115\">C<span class=\"_ _2\"></span>ost.</span><span class=\"ffb1\"> </span></span></div>\n<div class=\"t m0 x1a h4f ybdc ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leve<span class=\"_ _2b\"></span>l in the fair <span class=\"wsf0\">va<span class=\"_ _0\"></span>lue hierarc<span class=\"_ _2b\"></span>hy within which the f<span class=\"_ _0\"></span>air value </span></div>\n<div class=\"t m0 x1a h4f ybdd ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measurement i<span class=\"_ _2\"></span>s categorised <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">determined <span class=\"wsf0\">base<span class=\"_ _0\"></span>d on<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">the lowes<span class=\"_ _2\"></span>t level </span></span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybde ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">input t<span class=\"_ _0\"></span>hat is si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant to th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue me<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent in it<span class=\"_ _0\"></span>s entiret<span class=\"_ _0\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybdf ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe0 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Level 2 and lev<span class=\"_ _2b\"></span>el 3 fair value measu<span class=\"_ _0\"></span>rements us<span class=\"_ _0\"></span>ually req<span class=\"_ _0\"></span>uire the us<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x1a h4f ybe1 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on techn<span class=\"_ _2b\"></span>iques.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybe2 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe3 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A financ<span class=\"_ _0\"></span>ial inst<span class=\"_ _2b\"></span>rument is rega<span class=\"_ _0\"></span>rded as <span class=\"_ _0\"></span>quoted i<span class=\"_ _0\"></span>n an acti<span class=\"_ _0\"></span>ve mark<span class=\"_ _0\"></span>et whe<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f ybe4 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quoted prices are<span class=\"_ _2\"></span> readily and regularly ava<span class=\"_ _2\"></span>ilable from an exchange,</div>\n<div class=\"t m0 x1a h4f ybe5 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">dealer, brok<span class=\"_ _2\"></span>er, industry grou<span class=\"_ _2\"></span>p, pricing service<span class=\"_ _2\"></span> or regulatory agen<span class=\"_ _2\"></span>cy, and</div>\n<div class=\"t m0 x1a h4f ybe6 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">those prices<span class=\"_ _2\"></span> reflect actual a<span class=\"_ _2\"></span>nd regularly occurrin<span class=\"_ _2\"></span>g market transa<span class=\"_ _2\"></span>ctions</div>\n<div class=\"t m0 x1a h4f ybe7 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on an arm\u2019s le<span class=\"_ _2b\"></span>ngth basis. When a fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _2b\"></span>rument is trade<span class=\"_ _0\"></span>d in an</div>\n<div class=\"t m0 x1a h4f ybe8 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active an<span class=\"_ _0\"></span>d liquid mar<span class=\"_ _0\"></span>ket, its q<span class=\"_ _0\"></span>uoted mar<span class=\"_ _0\"></span>ket price o<span class=\"_ _0\"></span>r value prov<span class=\"_ _2b\"></span>ides the</div>\n<div class=\"t m0 x1a h4f ybe9 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">best evide<span class=\"_ _2\"></span>nce of its fair<span class=\"_ _2\"></span> value. No adjus<span class=\"_ _2\"></span>tment is made <span class=\"ws103\">to the<span class=\"_ _2\"></span> fair value of </span></div>\n<div class=\"t m0 x1a h4f ybea ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">large hol<span class=\"_ _2b\"></span>dings of shares<span class=\"_ _0\"></span>, unless<span class=\"_ _0\"></span> there<span class=\"_ _0\"></span> is a bind<span class=\"_ _0\"></span>ing agr<span class=\"_ _0\"></span>eement t<span class=\"_ _2b\"></span>o sell the</div>\n<div class=\"t m0 x1a h4f ybeb ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">shares at<span class=\"_ _0\"></span> a pric<span class=\"_ _0\"></span>e other t<span class=\"_ _2b\"></span>han the marke<span class=\"_ _0\"></span>t price. T<span class=\"_ _2b\"></span>he appropriat<span class=\"_ _2b\"></span>e quoted</div>\n<div class=\"t m0 x1a h4f ybec ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market <span class=\"_ _0\"></span>price for <span class=\"_ _2b\"></span>an asset held o<span class=\"_ _0\"></span>r a lia<span class=\"_ _0\"></span>bility to <span class=\"_ _0\"></span>be iss<span class=\"_ _0\"></span>ued is th<span class=\"_ _0\"></span>e curre<span class=\"_ _0\"></span>nt bid</div>\n<div class=\"t m0 x1a h4f ybed ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">price, an<span class=\"_ _0\"></span>d fo<span class=\"wsfa\">r an a<span class=\"_ _0\"></span>sset to be<span class=\"_ _2b\"></span> acquired or a <span class=\"_ _0\"></span>liabilit<span class=\"_ _2b\"></span>y held, the ask p<span class=\"_ _2b\"></span>rice. </span></div>\n<div class=\"t m0 x1a h4f ybee ffb1 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Mid<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">market prices<span class=\"_ _0\"></span> are used as a bas<span class=\"_ _2b\"></span>is for establish<span class=\"_ _0\"></span>ing the fair va<span class=\"_ _0\"></span>lue of </span></span></div>\n<div class=\"t m0 x1a h4f ybef ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets and l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies with of<span class=\"_ _0\"></span>fsetti<span class=\"_ _0\"></span>ng market r<span class=\"_ _0\"></span>isks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf0 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybf1 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If there <span class=\"_ _2b\"></span>is a significant<span class=\"_ _2b\"></span> decrease in th<span class=\"_ _0\"></span>e volum<span class=\"_ _2b\"></span>e or level of act<span class=\"_ _2b\"></span>ivi<span class=\"lsfc ws121\">ty<span class=\"_ _2\"></span> for the </span></div>\n<div class=\"t m0 x1a h4f ybf2 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset or lia<span class=\"_ _0\"></span>bility,<span class=\"_ _0\"></span> the trans<span class=\"_ _0\"></span>actions o<span class=\"_ _0\"></span>r quoted pr<span class=\"_ _0\"></span>ices are r<span class=\"_ _0\"></span>eviewed a<span class=\"_ _0\"></span>nd an</div>\n<div class=\"t m0 x1a h4f ybf3 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">alternat<span class=\"_ _2b\"></span>ive valuatio<span class=\"_ _0\"></span>n techniq<span class=\"_ _2b\"></span>ue or multipl<span class=\"_ _0\"></span>e valuati<span class=\"_ _2b\"></span>on techniques (<span class=\"_ _2b\"></span>e.g.</div>\n<div class=\"t m0 x1a h4f ybf4 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value tec<span class=\"_ _0\"></span>hniques<span class=\"_ _0\"></span>) may be appl<span class=\"_ _0\"></span>ied.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf5 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybf6 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If no act<span class=\"_ _0\"></span>ive mark<span class=\"_ _2b\"></span>et price is ava<span class=\"_ _0\"></span>ilable, f<span class=\"_ _2b\"></span>air values are <span class=\"_ _0\"></span>e<span class=\"wsf0\">stimat<span class=\"_ _2b\"></span>ed using </span></div>\n<div class=\"t m0 x1a h4f ybf7 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value or <span class=\"_ _2b\"></span>other valuatio<span class=\"_ _2b\"></span>n techniques <span class=\"_ _0\"></span>based o<span class=\"_ _0\"></span>n market<span class=\"_ _0\"></span> observ<span class=\"_ _2b\"></span>able</div>\n<div class=\"t m0 x1a h4f ybf8 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">inputs, ex<span class=\"_ _2b\"></span>isting at the report<span class=\"_ _2b\"></span>ing date. Inputs ca<span class=\"_ _0\"></span>n be either<span class=\"_ _0\"></span> directly</div>\n<div class=\"t m0 x1a h4f ybf9 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">observa<span class=\"_ _2b\"></span>ble (i.e. prices) or i<span class=\"_ _0\"></span>ndirect<span class=\"_ _0\"></span>ly observ<span class=\"_ _0\"></span>able (i.e.<span class=\"_ _0\"></span> derive<span class=\"_ _0\"></span>d from pric<span class=\"_ _0\"></span>es,</div>\n<div class=\"t m0 x1a h4f ybfa ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">such as int<span class=\"_ _0\"></span>erest or exc<span class=\"_ _0\"></span>hange rat<span class=\"_ _0\"></span>es). <span class=\"lse2 wsf1\">When<span class=\"ls0 ws0\"> </span></span>Ageas uses<span class=\"_ _0\"></span> quantit<span class=\"_ _0\"></span>ative</div>\n<div class=\"t m0 x1a h4f ybfb ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unobse<span class=\"_ _0\"></span>rvable i<span class=\"_ _0\"></span>nputs i<span class=\"_ _0\"></span>n measur<span class=\"_ _0\"></span>ing fair <span class=\"_ _0\"></span>value, t<span class=\"_ _2b\"></span>hose are not d<span class=\"_ _0\"></span>evelope<span class=\"_ _0\"></span>d in</div>\n<div class=\"t m0 x1a h4f ybfc ffb1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">house.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfd ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfe ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If there is a val<span class=\"_ _2b\"></span>uation techniq<span class=\"_ _0\"></span>ue common<span class=\"_ _0\"></span>ly used by mar<span class=\"_ _2b\"></span>ket participants<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ybff ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to pric<span class=\"_ _0\"></span>e an instr<span class=\"_ _2b\"></span>ument and that<span class=\"_ _0\"></span> valuat<span class=\"_ _0\"></span>ion tec<span class=\"_ _0\"></span>hnique d<span class=\"_ _2b\"></span>emonstrated t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yc00 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide r<span class=\"_ _0\"></span>eliabl<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>es of prices<span class=\"_ _0\"></span> obtained i<span class=\"_ _0\"></span>n actual ma<span class=\"_ _0\"></span>rket</div>\n<div class=\"t m0 x1a h4f yc01 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transactions,<span class=\"_ _2\"></span> Ageas applies that valuation<span class=\"_ _2\"></span> technique. Well established<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc02 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on techni<span class=\"_ _2b\"></span>ques in financial ma<span class=\"_ _0\"></span>rkets incl<span class=\"_ _2b\"></span>ude recent market<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc03 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions, discount<span class=\"_ _2b\"></span>ed cash flows <span class=\"_ _0\"></span>(includi<span class=\"_ _2b\"></span>ng optio<span class=\"ls0 ws0\">n-</span><span class=\"lse2\">pricing<span class=\"_ _2\"></span> models) </span></div>\n<div class=\"t m0 x1a h4f yc04 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and curr<span class=\"_ _0\"></span>ent rep<span class=\"_ _0\"></span>laceme<span class=\"_ _2b\"></span>nt cost. An acc<span class=\"_ _0\"></span>eptable v<span class=\"_ _2b\"></span>aluation tec<span class=\"_ _0\"></span>hnique</div>\n<div class=\"t m0 x1a h4f yc05 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">incorporates all<span class=\"_ _2\"></span> factors that market parti<span class=\"_ _2\"></span>cipants would consider when</div>\n<div class=\"t m0 x1a h4f yc06 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">setting <span class=\"_ _0\"></span>a price,<span class=\"_ _0\"></span> and sh<span class=\"_ _0\"></span>ould be c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>ent with <span class=\"_ _0\"></span>accept<span class=\"_ _0\"></span>ed econo<span class=\"_ _0\"></span>mic</div>\n<div class=\"t m0 x1a h4f yc07 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">methodologies<span class=\"_ _2\"></span> for pricing financial in<span class=\"_ _2\"></span>s<span class=\"lse0 wsef\">tru<span class=\"_ _0\"></span>ments.<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">These techniques are </span></span></span></div>\n<div class=\"t m0 x1a h4f yc08 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subject t<span class=\"_ _0\"></span>o inherent<span class=\"_ _0\"></span> limitati<span class=\"_ _2b\"></span>ons, such as estimat<span class=\"_ _0\"></span>ion of the a<span class=\"_ _0\"></span>ppropria<span class=\"_ _2b\"></span>te risk<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yc09 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed discount<span class=\"_ _0\"></span> rate. The us<span class=\"_ _2b\"></span>e of different assum<span class=\"_ _2b\"></span>ptions and inputs</div>\n<div class=\"t m0 x1a h4f yc0a ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">would yi<span class=\"_ _2b\"></span>eld different r<span class=\"_ _0\"></span>esults.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc0b ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc0c ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The level 3 pos<span class=\"_ _2b\"></span>itions are mainly s<span class=\"_ _0\"></span>ensitiv<span class=\"_ _0\"></span>e to a c<span class=\"wsfa\">hange<span class=\"_ _0\"></span> in the l<span class=\"_ _0\"></span>evel of </span></div>\n<div class=\"t m0 x1a h4f yc0d ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d futur<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows and,<span class=\"_ _0\"></span> accord<span class=\"_ _0\"></span>ingly, t<span class=\"_ _2b\"></span>he fair value of<span class=\"ls0 ws0\"> </span><span class=\"wsef\">th<span class=\"_ _2b\"></span>ose </span></div>\n<div class=\"t m0 x1a h4f yc0e ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">positions v<span class=\"_ _2\"></span>aries<span class=\"ls0 ws0\"> </span><span class=\"lse0\">in prop<span class=\"_ _0\"></span>ortion t<span class=\"_ _0\"></span>o change<span class=\"_ _0\"></span>s of thes<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows. T<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x1a h4f yc0f ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes i<span class=\"_ _0\"></span>n value of th<span class=\"_ _0\"></span>e level 3 instr<span class=\"_ _0\"></span>uments a<span class=\"_ _0\"></span>re account<span class=\"_ _2b\"></span>ed for in other</div>\n<div class=\"t m0 x1a h4f yc10 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 268px; height: 829px; width: 353px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 593px; width: 350px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y9db ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 267px; height: 839px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 267px; height: 839px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 267px; height: 839px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 267px; height: 839px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Methods and assum<span class=\"_ _2\"></span>ptions used in determining<span class=\"_ _2\"></span> the fair value are largely</div>\n<div class=\"t m0 x7 h4f y803 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">depende<span class=\"_ _2b\"></span>nt on whether the inst<span class=\"_ _0\"></span>rument is<span class=\"_ _0\"></span> traded on fi<span class=\"_ _0\"></span>nancial m<span class=\"_ _0\"></span>arkets an<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y804 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the info<span class=\"_ _0\"></span>rmation t<span class=\"_ _0\"></span>hat is avail<span class=\"_ _0\"></span>able to be inc<span class=\"_ _2b\"></span>orporated into t<span class=\"_ _0\"></span>he valuat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x7 h4f y805 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">models<span class=\"ws103\">. A summary o<span class=\"_ _2\"></span>f different financial in<span class=\"_ _2\"></span>strument types along with </span></div>\n<div class=\"t m0 x7 h4f y806 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e treat<span class=\"_ _0\"></span>ment is i<span class=\"_ _0\"></span>nclude<span class=\"_ _0\"></span>d below:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ffb6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">i)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _13b\"> </span></span><span class=\"lse0 wsf0\">Fair values<span class=\"_ _0\"></span> for securit<span class=\"_ _0\"></span>ies class<span class=\"_ _2b\"></span>ified at availab<span class=\"_ _0\"></span>le<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span>sale o<span class=\"_ _0\"></span>r at fair </span></div>\n<div class=\"t m0 x45 h4f y808 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss are d<span class=\"_ _0\"></span>etermin<span class=\"_ _2b\"></span>ed using market pric<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x45 h4f y809 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from activ<span class=\"_ _2\"></span>e <span class=\"lse0\">mark<span class=\"_ _0\"></span>ets. If n<span class=\"_ _0\"></span>o quote<span class=\"_ _0\"></span>d prices<span class=\"_ _0\"></span> are avai<span class=\"_ _2b\"></span>lable from an </span></div>\n<div class=\"t m0 x45 h4f y80a ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active mar<span class=\"_ _2b\"></span>ket, the fair value is<span class=\"_ _0\"></span> determi<span class=\"_ _0\"></span>ned using di<span class=\"_ _0\"></span>scount<span class=\"_ _0\"></span>ed cash</div>\n<div class=\"t m0 x45 h4f y80b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flow models.<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">In par<span class=\"_ _0\"></span>ticular fo<span class=\"_ _2b\"></span>r asset<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">backed<span class=\"_ _2\"></span> securities, the expected<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x45 h4f y80c ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws used <span class=\"_ _0\"></span>in the d<span class=\"_ _0\"></span>iscount<span class=\"_ _0\"></span>ed cash f<span class=\"_ _0\"></span>low mo<span class=\"_ _0\"></span>del tak<span class=\"_ _0\"></span>e into</div>\n<div class=\"t m0 x45 h4f y80d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account o<span class=\"_ _0\"></span>r<span class=\"wsfa\">igina<span class=\"_ _0\"></span>l underw<span class=\"_ _0\"></span>riting c<span class=\"_ _2b\"></span>riteria, borr<span class=\"_ _0\"></span>ower att<span class=\"_ _0\"></span>ributes<span class=\"_ _2b\"></span> (such as </span></div>\n<div class=\"t m0 x45 h4f y80e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">age and cre<span class=\"_ _0\"></span>dit scores<span class=\"_ _2b\"></span>), <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>an<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>val<span class=\"_ _2b\"></span>ue ratios, expect<span class=\"_ _0\"></span>ed house pr<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x45 h4f y80f ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">movements and exp<span class=\"_ _2\"></span>ected prepayment rates.<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Dis<span class=\"_ _0\"></span>count fa<span class=\"_ _0\"></span>ctors are </span></span></div>\n<div class=\"t m0 x45 h4f y810 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on a sw<span class=\"_ _0\"></span>ap curve plu<span class=\"_ _0\"></span>s a spread ref<span class=\"_ _2b\"></span>lecting the risk</div>\n<div class=\"t m0 x45 h4f y90a ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">characterist<span class=\"lse0 wsfa\">ics of the inst<span class=\"_ _0\"></span>rument. <span class=\"_ _0\"></span>Fair va<span class=\"_ _2b\"></span>lues for secur<span class=\"_ _0\"></span>ities </span></div>\n<div class=\"t m0 x45 h4f y90b ffb6 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">classified at held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">maturity (only n<span class=\"_ _2\"></span>ecessary for dis<span class=\"_ _2\"></span>closures) are </span></span></div>\n<div class=\"t m0 x45 h4f y90c ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned in the same way.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ffb6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">ii)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _1ae\"> </span></span><span class=\"lse0 wsf0\">Fair values for de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive financ<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>ruments<span class=\"_ _0\"></span> are obtain<span class=\"_ _0\"></span>ed from </span></div>\n<div class=\"t m0 x45 h4f y90e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active mar<span class=\"_ _2b\"></span>kets or are determi<span class=\"_ _0\"></span>ned usin<span class=\"_ _0\"></span>g, as <span class=\"lse2 wsf1\">appropriate, </span></div>\n<div class=\"t m0 x45 h4f y90f ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash flow model<span class=\"_ _0\"></span>s and option pr<span class=\"_ _2b\"></span>icing models.<span class=\"_ _0\"></span> Quoted</div>\n<div class=\"t m0 x45 h4f y910 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>ices prov<span class=\"_ _0\"></span>ide the mos<span class=\"_ _0\"></span>t reliabl<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e for derivat<span class=\"_ _2b\"></span>ives</div>\n<div class=\"t m0 x45 h4f y911 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">traded on a rec<span class=\"_ _2b\"></span>ognised excha<span class=\"_ _2b\"></span>nge. Fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es not</div>\n<div class=\"t m0 x45 h4f y912 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">traded on<span class=\"_ _2\"></span> a recognised exchan<span class=\"_ _2\"></span>ge is considered <span class=\"_ _2\"></span>to be<span class=\"ls0 ws0\"> </span><span class=\"lse0\">the valu<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x45 h4f y913 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that could <span class=\"_ _2\"></span>be realised thro<span class=\"_ _2\"></span>ugh termination o<span class=\"_ _2\"></span>r assignment of the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x45 h4f y914 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">derivative.<span class=\"_ _2\"></span> Factors that influence the va<span class=\"_ _2\"></span>luation of an individual<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x45 h4f y915 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ive inclu<span class=\"_ _2b\"></span>de <span class=\"_ _2\"></span>the co<span class=\"_ _0\"></span>unterp<span class=\"_ _2b\"></span>arty\u2019s credit rat<span class=\"_ _0\"></span>ing and the<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x45 h4f y916 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complex<span class=\"_ _0\"></span>ity of t<span class=\"_ _0\"></span>he deriv<span class=\"_ _2b\"></span>ative. If thes<span class=\"_ _0\"></span>e factor<span class=\"_ _0\"></span>s differ f<span class=\"_ _2b\"></span><span class=\"wsf0\">rom the basic </span></div>\n<div class=\"t m0 x45 h4f y917 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">factors<span class=\"_ _0\"></span> underly<span class=\"_ _2b\"></span>ing the quote, <span class=\"_ _0\"></span>an adjus<span class=\"_ _0\"></span>tment t<span class=\"_ _2b\"></span>o the quoted pr<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x45 h4f y918 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">may be considered.<span class=\"_ _2\"></span> Common valuation methodol<span class=\"_ _2\"></span>ogies for an</div>\n<div class=\"t m0 x45 h4f y919 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate s<span class=\"_ _0\"></span>wap inc<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>e a comp<span class=\"_ _2b\"></span>arison of the y<span class=\"_ _0\"></span>ield of t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x45 h4f y91a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">swap wit<span class=\"_ _0\"></span>h the cu<span class=\"_ _0\"></span>rrent sw<span class=\"_ _2b\"></span>ap yield curve.<span class=\"_ _0\"></span> The sw<span class=\"_ _0\"></span>ap yiel<span class=\"_ _0\"></span>d curve is<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x45 h4f y91b ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derived f<span class=\"_ _0\"></span>rom quote<span class=\"_ _0\"></span>d swap rates.<span class=\"_ _0\"></span> Dealer b<span class=\"_ _0\"></span>id and offe<span class=\"_ _0\"></span>r quotes are</div>\n<div class=\"t m0 x45 h4f y91c ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">generally avai<span class=\"_ _2\"></span>lable for basic interest ra<span class=\"_ _2\"></span>te swaps involving</div>\n<div class=\"t m0 x45 h4f y91d ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">counte<span class=\"_ _0\"></span>rparties <span class=\"_ _0\"></span>whose s<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>ies are i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">grade.</span> </span></div>\n<div class=\"t m0 x7 h4f y91e ffb6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">iii)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _c2\"> </span></span><span class=\"lse0 wsf0\">Fair values<span class=\"_ _0\"></span> for unquot<span class=\"_ _0\"></span>ed privat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>equit<span class=\"_ _2b\"></span>y investments ar<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>ed </span></div>\n<div class=\"t m0 x45 h4f y91f ffb6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">using<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">applicable mar<span class=\"_ _0\"></span>ket mult<span class=\"_ _0\"></span>iples (e.g<span class=\"_ _2b\"></span>. <span class=\"_ _2\"></span>pric<span class=\"_ _0\"></span>e/earni<span class=\"_ _2b\"></span>ngs or price/cash </span></span></div>\n<div class=\"t m0 x45 h4f y920 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flow ratios)<span class=\"_ _2\"></span>, refined to reflect the specific<span class=\"_ _2\"></span> circumstances of the</div>\n<div class=\"t m0 x45 h4f y921 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">issuer.<span class=\"ls0 ws0\"> L</span><span class=\"wsf0\">evel 3 val<span class=\"_ _2b\"></span>uations for privat<span class=\"_ _2b\"></span>e equities and vent<span class=\"_ _0\"></span>ure capit<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x45 h4f y922 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">make <span class=\"lsfb wsfa\">u<span class=\"_ _2\"></span>se<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">of </span></span><span class=\"lse0\">fair valu<span class=\"_ _0\"></span>es discl<span class=\"_ _0\"></span>osed in t<span class=\"_ _2b\"></span>he audited fin<span class=\"_ _0\"></span>ancia<span class=\"ls106 ws124\">l </span></span></span></div>\n<div class=\"t m0 x45 h4f y923 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nts of the relevant pa<span class=\"_ _0\"></span>rticip<span class=\"_ _0\"></span>ations. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y924 ffb6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">iv)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _46\"> </span></span><span class=\"lse0\">Fair values for bor<span class=\"_ _0\"></span>rowings a<span class=\"_ _0\"></span>nd issue<span class=\"_ _0\"></span>d subordi<span class=\"_ _0\"></span>nated loa<span class=\"_ _0\"></span>ns are </span></div>\n<div class=\"t m0 x45 h4f y925 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned using discount<span class=\"_ _2b\"></span>ed cash flow models<span class=\"_ _0\"></span> based upo<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x45 h4f y926 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas's <span class=\"lse0 wsfa\">current incre<span class=\"_ _0\"></span>mental<span class=\"_ _0\"></span> lending <span class=\"_ _0\"></span>rates fo<span class=\"_ _2b\"></span>r similar typ<span class=\"_ _0\"></span>e of </span></div>\n<div class=\"t m0 x45 h4f y927 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">borrowing. For<span class=\"_ _2\"></span> variable<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">rate loans<span class=\"_ _2b\"></span> that re<span class=\"ls0 ws0\">-</span>price fre<span class=\"_ _0\"></span>quentl<span class=\"_ _0\"></span>y and </span></span></div>\n<div class=\"t m0 x45 h4f y928 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have no <span class=\"lse2 ws103\">significant change in cred<span class=\"_ _2\"></span>it risk, fair values are<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x45 h4f y929 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">approxi<span class=\"_ _0\"></span>mated by<span class=\"_ _0\"></span> the car<span class=\"_ _2b\"></span>rying amount.<span class=\"_ _2b\"></span> Option<span class=\"ls0 ws0\">-</span><span class=\"lse2\">pricing <span class=\"_ _2\"></span>models are </span></div>\n<div class=\"t m0 x45 h4f y92a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">used for v<span class=\"_ _2b\"></span>aluing caps an<span class=\"_ _0\"></span>d prep<span class=\"_ _0\"></span>ayment op<span class=\"_ _2b\"></span>tions embedd<span class=\"_ _0\"></span>ed in loa<span class=\"_ _0\"></span>ns</div>\n<div class=\"t m0 x45 h4f y92b ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that hav<span class=\"_ _0\"></span>e been s<span class=\"_ _0\"></span>eparat<span class=\"_ _0\"></span>ed in acc<span class=\"_ _2b\"></span>ordance with I<span class=\"_ _0\"></span>FRS.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y92c ffb6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">v)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _a\"> </span></span><span class=\"lse0\">Fair values<span class=\"_ _0\"></span> for off<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">balance</span> s<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">heet commitments<span class=\"_ _2\"></span> or guarantees are<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x45 h4f yc12 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on fe<span class=\"_ _0\"></span>es current<span class=\"_ _2b\"></span>ly <span class=\"_ _2\"></span>ch<span class=\"_ _2b\"></span>arged to enter into si<span class=\"_ _0\"></span>milar agr<span class=\"_ _0\"></span>eements<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x237 h4f yc13 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">taking int<span class=\"_ _2b\"></span>o account the remain<span class=\"_ _0\"></span>ing terms<span class=\"_ _0\"></span> of the agre<span class=\"_ _0\"></span>ements an<span class=\"_ _0\"></span>d the</div>\n<div class=\"t m0 x237 h4f yc14 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counterpartie<span class=\"_ _2\"></span>s\u2019 credit standings<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc16 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Non exch<span class=\"_ _0\"></span>ange trad<span class=\"_ _0\"></span>ed financi<span class=\"_ _2b\"></span>al instruments are of<span class=\"_ _0\"></span>ten tra<span class=\"_ _0\"></span>ded in over<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">the</span>-</span></div>\n<div class=\"t m0 x1a h4f yc17 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counter (OT<span class=\"_ _2\"></span>C) markets by deale<span class=\"_ _2\"></span>rs or other in<span class=\"_ _2\"></span>termediaries from whom<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc18 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>ices can be o<span class=\"_ _0\"></span>btained.<span class=\"_ _0\"></span> Quotat<span class=\"_ _0\"></span>ions are av<span class=\"_ _0\"></span>ailable f<span class=\"_ _0\"></span>rom vario<span class=\"_ _2b\"></span>us</div>\n<div class=\"t m0 x1a h4f yc19 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">sources for<span class=\"_ _2\"></span> many financial i<span class=\"_ _2\"></span>nstruments traded r<span class=\"_ _2\"></span>egularly in the<span class=\"_ _2\"></span> OTC</div>\n<div class=\"t m0 x1a h4f yc1a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market. T<span class=\"_ _2b\"></span>hose sources i<span class=\"_ _0\"></span>nclude t<span class=\"_ _2b\"></span>he fi<span class=\"lse2\">nancial<span class=\"_ _2\"></span> press, various publ<span class=\"_ _2\"></span>ications </span></div>\n<div class=\"t m0 x1a h4f yc1b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and financial<span class=\"_ _2\"></span> reporting services, and also in<span class=\"_ _2\"></span>dividual market makers<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc1c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1d ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value m<span class=\"_ _0\"></span>ethodol<span class=\"_ _0\"></span>ogy app<span class=\"_ _0\"></span>lied for t<span class=\"_ _2b\"></span>he measurem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _0\"></span>nancial</div>\n<div class=\"t m0 x1a h4f yc1e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents, as d<span class=\"_ _0\"></span>escribe<span class=\"_ _0\"></span>d above, di<span class=\"_ _0\"></span>d not change as<span class=\"_ _0\"></span> a result<span class=\"_ _0\"></span> of the</div>\n<div class=\"t m0 x1a h4f yc1f ffb6 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"lse2\">19 pandem<span class=\"lse0\">ic. If appl<span class=\"_ _0\"></span>icable,<span class=\"_ _0\"></span> additi<span class=\"_ _0\"></span>onal unc<span class=\"_ _2b\"></span>ertainties rel<span class=\"_ _2b\"></span>ated to the </span></span></div>\n<div class=\"t m0 x1a h4f yc20 ffb6 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"lse0\">19 pan<span class=\"_ _0\"></span>demic h<span class=\"_ _2b\"></span>ave been incorp<span class=\"_ _2b\"></span>orated in the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue </span></div>\n<div class=\"t m0 x1a h4f yc21 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">  </div>\n<div class=\"t m0 x1a h4f yc23 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">More detai<span class=\"_ _2b\"></span>led information o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _2b\"></span>ion of these valuati<span class=\"_ _2b\"></span>on methods</div>\n<div class=\"t m0 x1a h4f yc24 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and assum<span class=\"_ _0\"></span>ptions is<span class=\"_ _0\"></span> included in t<span class=\"_ _0\"></span>he applic<span class=\"_ _0\"></span>able not<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">of these<span class=\"_ _2\"></span> Ageas </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Consoli<span class=\"_ _2b\"></span>dated Financial St<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 804px; height: 277px; width: 348px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 798px; width: 348px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h55 ybf0 ffb9 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Offsett<span class=\"_ _2b\"></span>ing of financial ass<span class=\"_ _2b\"></span>ets and liabiliti<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf1 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets and liabil<span class=\"_ _0\"></span>ities are of<span class=\"_ _0\"></span>fset resu<span class=\"_ _2b\"></span>lting in the net amou<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x1a h4f ybf2 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">being re<span class=\"_ _0\"></span>ported on the s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of financ<span class=\"_ _0\"></span>ial positi<span class=\"_ _2b\"></span>on if <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is a lega<span class=\"_ _0\"></span>lly</div>\n<div class=\"t m0 x1a h4f ybf3 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">enforc<span class=\"_ _0\"></span>eabl<span class=\"lse2 ws103\">e right to set off the recogn<span class=\"_ _2\"></span>ised amounts and there is an<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f ybf4 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">intenti<span class=\"_ _0\"></span>on to set<span class=\"_ _0\"></span>tle on a<span class=\"_ _0\"></span> net bas<span class=\"_ _0\"></span>is, or re<span class=\"_ _2b\"></span>alise the asset <span class=\"_ _0\"></span>and sett<span class=\"_ _2b\"></span>le the</div>\n<div class=\"t m0 x1a h4f ybf5 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liability<span class=\"_ _2\"></span> simultaneously.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 693px; height: 89px; width: 348px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yb46 ffb6 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Derivatives</span> <span class=\"lse0 wsf0\">a<span class=\"_ _0\"></span>nd financi<span class=\"_ _2b\"></span>al instruments us<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r hedging<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb47 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Derivat<span class=\"_ _0\"></span>ives are fi<span class=\"_ _0\"></span>nancial i<span class=\"_ _2b\"></span>nstruments s<span class=\"lse2 ws103\">uch as swaps, forward and future<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yb48 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s, and option<span class=\"_ _0\"></span>s (both w<span class=\"_ _2b\"></span>ritten and pu<span class=\"_ _0\"></span>rchased<span class=\"_ _0\"></span>). The v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>hese</div>\n<div class=\"t m0 x1a h4f yb49 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments changes in response<span class=\"_ _2\"></span> to changes in various</div>\n<div class=\"t m0 x1a h4f yb4a ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">underly<span class=\"_ _0\"></span>ing varia<span class=\"_ _0\"></span>bles. Der<span class=\"_ _0\"></span>ivatives<span class=\"_ _0\"></span> require l<span class=\"_ _0\"></span>ittle or no net<span class=\"_ _0\"></span> initial<span class=\"_ _0\"></span> investm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f yb4b ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are sett<span class=\"_ _0\"></span>led at a futu<span class=\"_ _0\"></span>re date. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb4d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All deriv<span class=\"_ _2b\"></span>atives are recogn<span class=\"_ _0\"></span>ised on the s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt of financi<span class=\"_ _2b\"></span>al position at</div>\n<div class=\"t m0 x1a h4f yb4e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e on the trade d<span class=\"_ _2b\"></span>ate. A distinction is<span class=\"_ _0\"></span> made betw<span class=\"_ _0\"></span>een:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4f ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse0 wsfa\">Derivatives h<span class=\"_ _2b\"></span>eld for tradin<span class=\"_ _0\"></span>g;<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb50 ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse2 ws103\">D<span class=\"_ _2\"></span>erivatives for hedging purp<span class=\"_ _2\"></span>oses.</span><span class=\"ffb6\"> </span></span></div>\n<div class=\"t m0 x1a h55 yc26 ffb9 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Embedded <span class=\"lse0 wsef\">derivatives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc27 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets or liabilit<span class=\"_ _2b\"></span>ies can include emb<span class=\"_ _0\"></span>edded der<span class=\"_ _2b\"></span>ivatives. Such</div>\n<div class=\"t m0 x1a h4f yc28 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments are often referred to a<span class=\"_ _2\"></span>s hybrid financial</div>\n<div class=\"t m0 x1a h4f yc29 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents. Hy<span class=\"_ _2b\"></span>brid financia<span class=\"_ _2b\"></span>l instruments i<span class=\"_ _0\"></span>nclude <span class=\"_ _0\"></span>revers<span class=\"_ _0\"></span>e convert<span class=\"_ _2b\"></span>ible</div>\n<div class=\"t m0 x1a h4f yc2a ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">bonds (bond<span class=\"_ _2\"></span>s whose repayment m<span class=\"_ _2\"></span>ay take t<span class=\"lse0 wsf0\">he form of eq<span class=\"_ _0\"></span>uities) or bo<span class=\"_ _2b\"></span>nds </span></div>\n<div class=\"t m0 x1a h4f yc2b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">with indexed int<span class=\"_ _2\"></span>erest payments. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc2d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e through p<span class=\"_ _2b\"></span>rofit or loss or if</div>\n<div class=\"t m0 x1a h4f yc2e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the char<span class=\"_ _0\"></span>acterist<span class=\"_ _2b\"></span>ics and risks of the em<span class=\"_ _0\"></span>bedded de<span class=\"_ _0\"></span>rivativ<span class=\"_ _2b\"></span>e are closely</div>\n<div class=\"t m0 x1a h4f yc2f ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">related<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">to t<span class=\"_ _2b\"></span>hose of the host<span class=\"_ _0\"></span> contra<span class=\"_ _0\"></span>ct, the <span class=\"_ _0\"></span>embe<span class=\"wsf0\">d<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>ative is not<span class=\"_ _0\"></span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc30 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ed, and the hybrid fin<span class=\"_ _0\"></span>ancial ins<span class=\"_ _2b\"></span>trument is measu<span class=\"_ _0\"></span>red as one</div>\n<div class=\"t m0 x1a h4f yc31 ffb6 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">instrument. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 367px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 372px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> not measur<span class=\"_ _2b\"></span>ed at fair value throu<span class=\"_ _0\"></span>gh profit or lo<span class=\"_ _0\"></span>ss</div>\n<div class=\"t m0 x7 h4f y803 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the c<span class=\"_ _2b\"></span>haracteristic<span class=\"_ _0\"></span>s and ris<span class=\"_ _0\"></span>ks of t<span class=\"_ _0\"></span>he embed<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">de<span class=\"_ _2\"></span>d derivative are not </span></div>\n<div class=\"t m0 x7 h4f y804 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">closely r<span class=\"_ _0\"></span>elated to tho<span class=\"_ _2b\"></span>se of the host contract<span class=\"_ _0\"></span>, the emb<span class=\"_ _0\"></span>edded deriv<span class=\"_ _2b\"></span>ative</div>\n<div class=\"t m0 x7 h4f y805 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">should be separa<span class=\"_ _2\"></span>ted from the host contract<span class=\"_ _2\"></span> and measured at fair value</div>\n<div class=\"t m0 x7 h4f y806 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a stand<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">alo<span class=\"_ _0\"></span>ne deriv<span class=\"_ _0\"></span>ative. C<span class=\"_ _2b\"></span>hanges in the f<span class=\"_ _2b\"></span>air value are rec<span class=\"_ _2b\"></span>orded in </span></div>\n<div class=\"t m0 x7 h4f y807 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span>The <span class=\"_ _0\"></span>host co<span class=\"_ _0\"></span>ntract <span class=\"_ _0\"></span>is accou<span class=\"_ _0\"></span>nted fo<span class=\"_ _0\"></span>r and meas<span class=\"_ _2b\"></span>ured</div>\n<div class=\"t m0 x7 h4f y808 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g the rul<span class=\"_ _0\"></span>es of the <span class=\"_ _2b\"></span>relevant cate<span class=\"_ _0\"></span>gory of t<span class=\"_ _0\"></span>he finan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>trumen<span class=\"_ _0\"></span>t.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Embedded der<span class=\"_ _2\"></span>ivatives requiring <span class=\"_ _2\"></span>separation are repo<span class=\"_ _2\"></span>rted as hedging</div>\n<div class=\"t m0 x7 h4f y80b ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ives or deri<span class=\"_ _2b\"></span>vatives held for tr<span class=\"_ _0\"></span>ading as <span class=\"lse2 wsf1\">appropriate.<span class=\"ls0 ws0\"> </span></span></div>\n\n<div class=\"t m0 x7 h55 y8ce ffbd fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Hedging<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y882 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On the date Ag<span class=\"_ _2b\"></span>eas enters into a der<span class=\"_ _0\"></span>ivative c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">and decide<span class=\"_ _2\"></span>s to </span></span></div>\n<div class=\"t m0 x7 h4f y883 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">designat<span class=\"_ _2b\"></span>e the contract<span class=\"_ _0\"></span> for he<span class=\"_ _0\"></span>dging pu<span class=\"_ _0\"></span>rposes<span class=\"_ _0\"></span><span class=\"lse2 ws103\">, this contract is<span class=\"_ _2\"></span> designated </span></div>\n<div class=\"t m0 x7 h4f y884 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as either:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y885 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A fair value he<span class=\"_ _0\"></span>dge: a <span class=\"_ _0\"></span>hedge of t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of a reco<span class=\"_ _2b\"></span>gnised asset </span></span></div>\n<div class=\"t m0 x43 h4f y886 ffbb fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">or liab<span class=\"_ _2\"></span>ility;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb ls107 ws122\">A <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hed<span class=\"_ _0\"></span>ge of a net inves<span class=\"_ _0\"></span>tment i<span class=\"_ _0\"></span>n a foreign enti<span class=\"_ _2b\"></span>ty<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y8d0 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A cash flow he<span class=\"_ _0\"></span>dge: a he<span class=\"_ _0\"></span>dge of fut<span class=\"_ _2b\"></span>ure cash flows<span class=\"_ _0\"></span> attribut<span class=\"_ _2b\"></span>able to a </span></span></div>\n<div class=\"t m0 x43 h4f y8d1 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised a<span class=\"_ _2\"></span>sset or liability<span class=\"_ _2\"></span> or a <span class=\"ws103\">highly probable<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">for<span class=\"_ _0\"></span>ecast </span></span></div>\n<div class=\"t m0 x43 h4f y8d2 ffbb fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d3 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb28 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Hedges of firm<span class=\"_ _2\"></span> commitments are fair value hedge<span class=\"_ _2\"></span>s, except for hedge<span class=\"lsf4 ws114\">s of </span></div>\n<div class=\"t m0 x7 h4f yb29 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the for<span class=\"_ _0\"></span>eign exc<span class=\"_ _2b\"></span>hange risk of a f<span class=\"_ _0\"></span>irm comm<span class=\"_ _2b\"></span>itment, which<span class=\"_ _0\"></span> are acco<span class=\"_ _0\"></span>unted f<span class=\"_ _0\"></span>or</div>\n<div class=\"t m0 x7 h4f yb2a ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">as cash flow hedge<span class=\"_ _2\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2b ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the cont<span class=\"_ _0\"></span>ext of hedge acc<span class=\"_ _2b\"></span>ounting, the fol<span class=\"_ _0\"></span>lowing doc<span class=\"_ _2b\"></span>umentation is</div>\n<div class=\"t m0 x7 h4f yb2d ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">prepared:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y962 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">At the start of the trans<span class=\"_ _0\"></span>action, t<span class=\"_ _0\"></span>he relat<span class=\"_ _0\"></span>ionship b<span class=\"_ _2b\"></span>etween <span class=\"wsef\">the <span class=\"lse2 wsf1\">hedging </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y963 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> and hedged items,<span class=\"_ _2\"></span> as well as its<span class=\"_ _2\"></span> risk management</div>\n<div class=\"t m0 x43 h4f y964 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">objective and s<span class=\"_ _2\"></span>trategy for undertaking va<span class=\"_ _2\"></span>rious hedge transactions,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x43 h4f y965 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are docum<span class=\"_ _0\"></span>ented<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x7 h4f y966 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">Both at the start of the<span class=\"_ _0\"></span> hedge and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, the </span></span></div>\n<div class=\"t m0 x43 h4f y967 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assessm<span class=\"_ _2b\"></span>ent of whether t<span class=\"_ _2b\"></span>he derivatives<span class=\"_ _2b\"></span> that are used <span class=\"_ _0\"></span><span class=\"lse2\">in hedging<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x43 h4f y968 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions are high<span class=\"_ _0\"></span>ly effect<span class=\"_ _2b\"></span>ive in offsett<span class=\"_ _2b\"></span>ing changes in <span class=\"_ _0\"></span>fair valu<span class=\"_ _2b\"></span>es</div>\n<div class=\"t m0 x43 h4f y969 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or cash <span class=\"_ _2\"></span>flows of hedged i<span class=\"_ _2\"></span>tems is documented.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Assets, liabil<span class=\"_ _2\"></span>ities, firm commitments or high<span class=\"_ _2\"></span>ly probable forecast</div>\n<div class=\"t m0 x7 h4f y96c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions that involve a p<span class=\"_ _0\"></span>arty exter<span class=\"_ _2b\"></span>nal to Ageas are desig<span class=\"_ _2b\"></span>nated as</div>\n<div class=\"t m0 x7 h4f y96d ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">hedged it<span class=\"_ _2b\"></span>ems. A hedged i<span class=\"_ _0\"></span>tem can <span class=\"_ _2b\"></span>also be a part<span class=\"_ _0\"></span>icular r<span class=\"_ _0\"></span>isk that i<span class=\"_ _2b\"></span>s a</div>\n<div class=\"t m0 x7 h4f y96e ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">portion of<span class=\"_ _0\"></span> the total ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e hedged i<span class=\"_ _0\"></span>tem. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96f ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y970 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"lse2 wsf1\">hange</span>s<span class=\"_ _2\"></span> <span class=\"ls102 ws11d\">in <span class=\"lse2 wsf1\">the <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fai<span class=\"_ _0\"></span>r value of a hedg<span class=\"_ _2b\"></span>ed item that is attri<span class=\"_ _0\"></span>butabl<span class=\"_ _0\"></span>e to the </span></span></span></div>\n<div class=\"t m0 x7 h4f y971 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged ris<span class=\"_ _2\"></span>k and <span class=\"ls0 ws0\">c</span><span class=\"wsf1\">hange<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span></span><span class=\"lse0\">in the f<span class=\"_ _2b\"></span>air value of the <span class=\"_ _2b\"></span>hedging inst<span class=\"_ _0\"></span><span class=\"wsf0\">rument in a </span></span></div>\n<div class=\"t m0 x7 h4f y972 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">fair value hedge<span class=\"_ _2\"></span> are recognised in the income s<span class=\"_ _2\"></span>tatement. The change in</div>\n<div class=\"t m0 x7 h4f y973 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"lse0 wsf0\">fair value of int<span class=\"_ _2b\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">bearing<span class=\"_ _2\"></span> derivative instrum<span class=\"_ _2\"></span>ents is presented </span></span></span></div>\n<div class=\"t m0 x7 h4f y974 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ely <span class=\"_ _2\"></span>fr<span class=\"_ _2b\"></span>om interest accr<span class=\"_ _0\"></span>uals. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y976 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If the he<span class=\"_ _2b\"></span>dge no longer m<span class=\"_ _0\"></span>eets th<span class=\"_ _0\"></span>e crite<span class=\"_ _0\"></span>ria for h<span class=\"_ _0\"></span>edge acc<span class=\"_ _0\"></span>ounting,<span class=\"_ _2b\"></span> o<span class=\"ls102 ws129\">r is<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9da ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">otherwise di<span class=\"_ _2\"></span>scontinued, the adjustment to<span class=\"_ _2\"></span> the carrying amount of a</div>\n<div class=\"t m0 x7 h4f y9db ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged intere<span class=\"_ _2\"></span>st<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">bearing f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al instrum<span class=\"_ _0\"></span>ent that res<span class=\"_ _2b\"></span>ults from hedge </span></span></div>\n<div class=\"t m0 x7 h4f y9dc ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing is am<span class=\"_ _0\"></span>ortis<span class=\"_ _0\"></span>ed using t<span class=\"_ _2b\"></span>he new effectiv<span class=\"_ _2b\"></span>e interest rate c<span class=\"_ _2b\"></span>alculated</div>\n<div class=\"t m0 x7 h4f y9dd ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the hedg<span class=\"_ _0\"></span>e disconti<span class=\"_ _2b\"></span>nuance date.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc13 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Changes<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in the fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es that are de<span class=\"_ _0\"></span>signat<span class=\"_ _0\"></span>ed and qualif<span class=\"_ _0\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yc14 ffbb fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">as cash<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">flow hedges a<span class=\"_ _2\"></span>re recognised in <span class=\"_ _2\"></span><span class=\"ws103\">other comprehensive in<span class=\"_ _2\"></span>come</span></span> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">under the caption<span class=\"_ _2\"></span> \u2018Unrealised gains and<span class=\"_ _2\"></span> losses\u2019. The amount in <span class=\"lse0 wsef\">other </span></div>\n<div class=\"t m0 x1a h4f yc16 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">comprehensive in<span class=\"_ _2\"></span>come<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">is recl<span class=\"_ _0\"></span>assifie<span class=\"_ _0\"></span>d to the <span class=\"_ _0\"></span>income st<span class=\"_ _2b\"></span>ate<span class=\"wsf0\">ment when the </span></span></span></div>\n<div class=\"t m0 x1a h4f yc17 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedged it<span class=\"_ _0\"></span>em affect<span class=\"_ _0\"></span>s the incom<span class=\"_ _0\"></span>e stateme<span class=\"_ _0\"></span>nt. Any hed<span class=\"_ _0\"></span>ge ineffect<span class=\"_ _2b\"></span>iveness is</div>\n<div class=\"t m0 x1a h4f yc18 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">immediately rec<span class=\"_ _2\"></span>ognised in the income statement<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>hedge <span class=\"_ _0\"></span>of a forec<span class=\"_ _2b\"></span>ast transact<span class=\"_ _0\"></span>ion or fi<span class=\"_ _2b\"></span>rm commitment <span class=\"_ _2b\"></span>results in</div>\n<div class=\"t m0 x1a h4f yc1b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the recognition<span class=\"_ _2\"></span> of a non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">financial <span class=\"_ _2\"></span>asset or of a n<span class=\"_ _2\"></span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-</span></span></span>financial liabi<span class=\"_ _2\"></span>lity, the</div>\n<div class=\"t m0 x1a h4f yc1c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses pre<span class=\"_ _0\"></span>viousl<span class=\"_ _0\"></span>y deferre<span class=\"_ _0\"></span>d in <span class=\"lse2 ws103\">other comprehens<span class=\"_ _2\"></span>ive income<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x1a h4f yc1d ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transferred fr<span class=\"_ _2\"></span>om other comprehensive income<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>and are included in the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1e ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial measurem<span class=\"_ _2\"></span>ent of that non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">financial ass<span class=\"_ _2b\"></span>et or liability. Ot<span class=\"_ _0\"></span>herwise,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc1f ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts deferred<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">in </span></span>other compr<span class=\"_ _2\"></span>ehensive income<span class=\"ls0 ws0\"> </span>ar<span class=\"_ _2\"></span>e transferred to the</div>\n<div class=\"t m0 x1a h4f yc20 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement and <span class=\"wsef\">are </span>class<span class=\"_ _0\"></span>ified as pr<span class=\"_ _0\"></span>ofit or loss<span class=\"_ _0\"></span> in the perio<span class=\"_ _0\"></span>ds</div>\n<div class=\"t m0 x1a h4f yc21 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">during wh<span class=\"_ _0\"></span>ich the hedg<span class=\"_ _2b\"></span>ed firm commitme<span class=\"_ _0\"></span>nt or forec<span class=\"_ _0\"></span>ast transa<span class=\"_ _2b\"></span>ction affects</div>\n<div class=\"t m0 x1a h4f yc22 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc23 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc24 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The above als<span class=\"_ _2b\"></span>o applies if the hed<span class=\"_ _0\"></span>ge no<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">longer meets the cr<span class=\"_ _2\"></span>iteria for </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedge acc<span class=\"_ _2b\"></span>ounting, or is other<span class=\"_ _0\"></span>wise disc<span class=\"_ _2b\"></span>ontinued, but the h<span class=\"_ _2b\"></span>edged forecast</div>\n<div class=\"t m0 x1a h4f yc34 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion or firm co<span class=\"_ _0\"></span>mmitme<span class=\"_ _0\"></span>nt are st<span class=\"_ _2b\"></span>ill expected t<span class=\"_ _0\"></span>o occur.<span class=\"_ _0\"></span> If the h<span class=\"_ _0\"></span>edged</div>\n<div class=\"t m0 x1a h4f yc35 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">forecast trans<span class=\"_ _2\"></span>action or firm commitment are<span class=\"_ _2\"></span> no longer expected to</div>\n<div class=\"t m0 x1a h4f yc36 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occur, th<span class=\"_ _0\"></span>e am<span class=\"lse2 wsfa\">ounts deferred<span class=\"_ _2\"></span> in </span>other com<span class=\"_ _2b\"></span>prehensive inc<span class=\"_ _0\"></span>ome<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are <span class=\"lse2 wsf1\">directly </span></span></div>\n<div class=\"t m0 x1a h4f yc37 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transfe<span class=\"_ _0\"></span>rred to t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 346px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 646px; width: 352px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 335px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 824px; width: 352px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 340px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 829px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y9de ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div id=\"fs_WIILL92SOG00000000000000000000\">\n<div class=\"t m0 x1a h4f ybf4 ffbb fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.3<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"ls102 ws11d\">Sa<span class=\"_ _2\"></span>le</span> <span class=\"lse2 wsfa\">and repurchase<span class=\"_ _2\"></span> agreements and l<span class=\"_ _2\"></span>ending / borrowing<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1e6 h4f ybf5 ffbb fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">securities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf6 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies subjec<span class=\"_ _0\"></span>t to a commit<span class=\"_ _2b\"></span>ment to repurchas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>em (\u2018repo\u2019<span class=\"_ _0\"></span>) are not</div>\n<div class=\"t m0 x1a h4f ybf7 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised fr<span class=\"_ _0\"></span>om the state<span class=\"_ _0\"></span>ment of fina<span class=\"_ _2b\"></span>ncial position as su<span class=\"_ _2b\"></span>bstantially all</div>\n<div class=\"t m0 x1a h4f ybf8 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the risk and r<span class=\"_ _0\"></span>ewards of ow<span class=\"_ _2b\"></span>nership remain w<span class=\"_ _0\"></span>ithin Age<span class=\"_ _0\"></span>as. The pr<span class=\"_ _0\"></span>oceeds</div>\n<div class=\"t m0 x1a h4f ybf9 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">received f<span class=\"_ _2\"></span>rom such sales are <span class=\"_ _2\"></span>neutralised by re<span class=\"_ _2\"></span>cognising a</div>\n<div class=\"t m0 x1a h4f ybfa ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">corresponding<span class=\"_ _2\"></span> financial liability, cla<span class=\"_ _2\"></span>ssified under \u2018Bo<span class=\"wsf1\">rrowings\u2019<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ybfb ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfc ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies purch<span class=\"_ _0\"></span>ased unde<span class=\"_ _0\"></span>r agreem<span class=\"_ _0\"></span>ents to rese<span class=\"_ _2b\"></span>ll (\u2018reverse repos<span class=\"_ _2b\"></span>\u2019) are</div>\n<div class=\"t m0 x1a h4f ybfd ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d on the st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> of finan<span class=\"_ _2b\"></span>cial position.<span class=\"_ _0\"></span> The ri<span class=\"_ _0\"></span>ght to</div>\n<div class=\"t m0 x1a h4f ybfe ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">receive cash from<span class=\"_ _2\"></span> a counterparty is recorded<span class=\"_ _2\"></span> under \u2018Loans\u2019. The</div>\n<div class=\"t m0 x1a h4f ybff ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">difference bet<span class=\"_ _2\"></span>ween the sale and repurchase pri<span class=\"_ _2\"></span>ce is tr<span class=\"lse0 wsf0\">eated as i<span class=\"_ _2b\"></span>nterest </span></div>\n<div class=\"t m0 x1a h4f yc00 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and accru<span class=\"_ _2b\"></span>ed over the life of the ag<span class=\"_ _0\"></span>reements us<span class=\"_ _2b\"></span>ing the effectiv<span class=\"_ _0\"></span>e interest<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc01 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">method. <span class=\"ls0 ws0\"> </span></div>\n</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 349px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yc02 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc03 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies lent t<span class=\"_ _2b\"></span>o counterpart<span class=\"_ _0\"></span>ies rem<span class=\"_ _0\"></span>ain on t<span class=\"_ _0\"></span>he state<span class=\"_ _2b\"></span>ment of financi<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x1a h4f yc04 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">position. Si<span class=\"_ _2\"></span>milarly, securities <span class=\"_ _2\"></span>borrowed are no<span class=\"_ _2\"></span>t recognised on <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f yc05 ffbb fs3a fc14 sc0 lsf4 ws114\" style=\"z-index: 15;\">statement of fina<span class=\"lse2 ws103\">ncial po<span class=\"_ _2\"></span>sition. If borrowed securities are sold to third </span></div>\n<div class=\"t m0 x1a h4f yc06 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">parties, the proceeds from the sale and a liability for the obligation to</div>\n<div class=\"t m0 x1a h4f yc07 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">return the collateral are recorded. The obligation to return the collateral<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc08 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is measured at fair value through profit or loss. Cash advanced or<span class=\"ls0 ws0\"><span class=\"lse2 wsfa\"><span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc09 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">received related to securities borrowing or lending transactions is</div>\n<div class=\"t m0 x1a h4f yc0a ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recorded under \u2018Loans\u2019 or under \u2018Borrowings\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 356px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 356px; width: 349px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h4f yb5b ffbb fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.4<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsf0\">Cash and cash equiv<span class=\"_ _2b\"></span>alents <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb5c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Cash and ca<span class=\"_ _0\"></span>sh equiva<span class=\"_ _2b\"></span>lents comprise<span class=\"_ _0\"></span> cash on hand, f<span class=\"_ _0\"></span>reely ava<span class=\"_ _0\"></span>ilable</div>\n<div class=\"t m0 x1a h4f yc38 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">balances with<span class=\"_ _2\"></span> (central) b<span class=\"lse0 wsfa\">anks a<span class=\"_ _0\"></span>nd other f<span class=\"_ _2b\"></span>inancial instr<span class=\"_ _2b\"></span>uments with l<span class=\"_ _0\"></span>ess </span></div>\n<div class=\"t m0 x1a h4f yc39 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">than thre<span class=\"_ _0\"></span>e months mat<span class=\"_ _2b\"></span>urity from the date<span class=\"_ _0\"></span> of acquisit<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 284px; height: 57px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 251px; height: 855px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 251px; height: 855px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 251px; height: 855px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 251px; height: 855px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ffc2 fs3a fc1f sc0 ls104 ws136\" style=\"z-index: 15;\">Cash flow <span class=\"lse0 wsef\">st<span class=\"_ _0\"></span>atement<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rep<span class=\"_ _0\"></span>orts cash fl<span class=\"_ _0\"></span>ows from op<span class=\"_ _0\"></span>erating ac<span class=\"_ _0\"></span>tiviti<span class=\"_ _2b\"></span>es using the indirec<span class=\"_ _0\"></span>t</div>\n<div class=\"t m0 x7 h4f y804 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">method,<span class=\"_ _0\"></span> whereby t<span class=\"_ _0\"></span>he net resu<span class=\"wsfa\">l<span class=\"_ _0\"></span>t is adj<span class=\"_ _2b\"></span>usted for the eff<span class=\"_ _2b\"></span>ects of transac<span class=\"_ _0\"></span>tions </span></div>\n<div class=\"t m0 x7 h4f y805 ffc0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of a non<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span>cash nature, an<span class=\"_ _2\"></span>y deferrals or ac<span class=\"_ _2\"></span>cruals of past or <span class=\"_ _2\"></span>future</div>\n<div class=\"t m0 x7 h4f y806 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ng cash rec<span class=\"_ _0\"></span>eipts or pay<span class=\"_ _0\"></span>ments,<span class=\"_ _0\"></span> and items of in<span class=\"_ _2b\"></span>come or expense</div>\n<div class=\"t m0 x7 h4f y807 ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">associat<span class=\"_ _2b\"></span>ed with invest<span class=\"_ _2b\"></span>ing or financi<span class=\"_ _0\"></span>ng cash fl<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y808 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>erest rec<span class=\"_ _2b\"></span>eived and int<span class=\"_ _0\"></span>erest pai<span class=\"_ _2b\"></span>d are presente<span class=\"_ _0\"></span>d as cash f<span class=\"_ _2b\"></span>lows from</div>\n<div class=\"t m0 x7 h4f y80a ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ng activ<span class=\"_ _2b\"></span>ities in the cas<span class=\"_ _2b\"></span>h flow statem<span class=\"_ _0\"></span>ent. Dividends received are</div>\n<div class=\"t m0 x7 h4f y80b ffc0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">classified as cash flows from operating activities. Dividends paid are</div>\n<div class=\"t m0 x7 h4f y80c ffc0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">classified as cash flows from financing activities.<span class=\"ls0 ws0\"> </span></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h4f yc3c ffc0 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.5<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lsfb wsfa\">In<span class=\"_ _2\"></span>ve<span class=\"lse0 wsf0\">stment pr<span class=\"_ _0\"></span>operty<span class=\"_ _0\"></span> and <span class=\"lse2 wsf1\">property<span class=\"ls0 ws0\"> </span></span>held for own use<span class=\"ls0 ws0\"> </span></span></span></span></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 yc3d ffc2 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">property<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">held for own us<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc3e ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y classif<span class=\"_ _0\"></span>ied as held fo<span class=\"_ _0\"></span>r own use main<span class=\"_ _2b\"></span>ly includes:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc3f ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Office buildin<span class=\"_ _0\"></span>gs that Ageas oc<span class=\"_ _2b\"></span>cupies<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc40 ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 ws103\">C<span class=\"_ _2\"></span>ommercial buildings tha<span class=\"_ _2\"></span>t are used to operate a bus<span class=\"lsfb wsfa\">ine<span class=\"_ _2\"></span>ss.</span></span><span class=\"ffc0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc41 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc42 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All real est<span class=\"_ _0\"></span>ate held f<span class=\"_ _0\"></span>or own use and fi<span class=\"_ _0\"></span>xed asset<span class=\"_ _0\"></span>s are meas<span class=\"_ _0\"></span>ured at cost</div>\n<div class=\"t m0 x1a h4f yc43 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">less accum<span class=\"_ _2b\"></span>ulated depreci<span class=\"_ _0\"></span>ation (ex<span class=\"_ _0\"></span>cept for la<span class=\"_ _0\"></span>nd that is not<span class=\"_ _0\"></span> depreci<span class=\"_ _0\"></span>ated)</div>\n<div class=\"t m0 x1a h4f yc44 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and any acc<span class=\"_ _0\"></span>umulated i<span class=\"_ _2b\"></span>mpairment loss<span class=\"_ _0\"></span>es. Cost is th<span class=\"_ _0\"></span>e amount of cas<span class=\"_ _2b\"></span>h or</div>\n<div class=\"t m0 x1a h4f yc45 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash equi<span class=\"_ _0\"></span>valents<span class=\"_ _0\"></span> paid or the fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>va<span class=\"wsfa\">l<span class=\"_ _0\"></span>ue of the <span class=\"_ _2b\"></span>other consider<span class=\"_ _0\"></span>ation gi<span class=\"_ _2b\"></span>ven </span></div>\n<div class=\"t m0 x1a h4f yc46 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to acquir<span class=\"_ _0\"></span>e an asset<span class=\"_ _0\"></span> at the time of its a<span class=\"_ _0\"></span>cquisit<span class=\"_ _2b\"></span>ion or constructio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc47 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc48 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The depre<span class=\"_ _0\"></span>ciatio<span class=\"_ _0\"></span>n of buildi<span class=\"_ _0\"></span>ngs is calc<span class=\"_ _0\"></span>ulated usin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e straight<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">line metho<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x1a h4f yc49 ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to write <span class=\"_ _0\"></span>down the <span class=\"_ _2b\"></span>cost of such a<span class=\"_ _0\"></span>ssets t<span class=\"_ _0\"></span>o thei<span class=\"lse2\">r residual values <span class=\"_ _2\"></span>over their </span></div>\n<div class=\"t m0 x1a h4f yc4a ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed useful lives. Th<span class=\"_ _0\"></span>e useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>IT, of<span class=\"_ _0\"></span>fice an<span class=\"_ _0\"></span>d equipment<span class=\"_ _0\"></span> is</div>\n<div class=\"t m0 x1a h4f yc4b ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned individuall<span class=\"_ _0\"></span>y for each ass<span class=\"_ _2b\"></span>et. The useful life of<span class=\"_ _0\"></span> the buildi<span class=\"_ _0\"></span>ngs is</div>\n<div class=\"t m0 x1a h4f yc4c ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned for each sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt part s<span class=\"_ _0\"></span>eparate<span class=\"_ _0\"></span>ly (com<span class=\"_ _0\"></span>ponent a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h)</div>\n<div class=\"t m0 x1a h4f yc4d ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and is revi<span class=\"_ _0\"></span>ewed at each y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">end. T<span class=\"_ _2b\"></span>he real estate i<span class=\"_ _2b\"></span>s therefore s<span class=\"_ _0\"></span>plit int<span class=\"_ _0\"></span>o </span></div>\n<div class=\"t m0 x1a h4f ya2f ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the foll<span class=\"_ _0\"></span>owing c<span class=\"_ _2b\"></span>omponents: st<span class=\"_ _0\"></span>ructure,<span class=\"_ _0\"></span> closi<span class=\"_ _2b\"></span>ng, techniques<span class=\"_ _0\"></span> and equ<span class=\"_ _0\"></span>ipment,<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc4e ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">heavy fi<span class=\"_ _0\"></span>nishing <span class=\"_ _0\"></span>and li<span class=\"_ _0\"></span>ght finis<span class=\"_ _0\"></span>hing.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 293px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 298px; width: 353px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 335px; width: 353px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yc4f ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc50 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f yc51 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The maxim<span class=\"_ _0\"></span>um useful lif<span class=\"_ _2b\"></span>e of components is as f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc52 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 yc53 ffc0 fs3c fc14 sc0 lsed ws12d\" style=\"z-index: 15;\">Structure<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc54 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">50 years for <span class=\"wsf3\">offices and retail<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 yc56 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 682px; z-index: 15;\">70 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc57 ffc0 fs3c fc14 sc0 ls109 ws12c\" style=\"z-index: 15;\">Closing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc58 ffc0 fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">30 years for offices an<span class=\"_ _0\"></span>d retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc74 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 641px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc5b ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Techniques and equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5c ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">15 years for car parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5d ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">20 years for offices<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5e ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">25 years for retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc60 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 568px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc61 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Heavy finishing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc62 ffc0 fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">15 years <span class=\"lsec\">for car<span class=\"_ _2\"></span> parks<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1df h52 yc63 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">20 years for offices<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc64 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">25 years for retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc66 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 495px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc68 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 470px; z-index: 15;\">Light finishing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc68 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 470px; z-index: 15;\">10 years for offices, retail and residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc69 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc6a ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc6b ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Land has an unlimi<span class=\"_ _0\"></span>ted useful<span class=\"_ _0\"></span> life and is ther<span class=\"_ _2b\"></span>efore not depreci<span class=\"_ _2b\"></span>ated<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f yc6c ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 wsfa\">A<span class=\"_ _2\"></span>s a general rul<span class=\"_ _2\"></span>e, residual value<span class=\"_ _2\"></span>s are <span class=\"lse0 wsf0\">consid<span class=\"_ _2b\"></span>ered to be zero<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yc6d ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Repairs and maint<span class=\"_ _2b\"></span>enance expenses<span class=\"_ _0\"></span> are charg<span class=\"_ _0\"></span>ed to the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _2b\"></span>ent when the expend<span class=\"_ _0\"></span>iture is inc<span class=\"_ _0\"></span>urred. Ex<span class=\"_ _2b\"></span>penditures that e<span class=\"_ _2b\"></span>nha<span class=\"lse2 ws103\">nce or ext<span class=\"_ _2\"></span>end the </span></span></span></div>\n<div class=\"t m0 x43 h4f yc6e ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s of real <span class=\"_ _2b\"></span>estate or fixe<span class=\"_ _0\"></span>d assets <span class=\"_ _0\"></span>beyond t<span class=\"_ _2b\"></span>heir original <span class=\"_ _0\"></span>use are c<span class=\"_ _2b\"></span>apitalised an<span class=\"_ _0\"></span>d subs<span class=\"lse2\">equently depreciated<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f yc6f ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 ws103\">Bo<span class=\"_ _2\"></span>rrowing costs to finance<span class=\"_ _2\"></span> the construction of proper<span class=\"_ _2\"></span>ty, plant and equipment are trea<span class=\"_ _2\"></span>ted in the same way as borrowing c<span class=\"_ _2\"></span>osts o<span class=\"lse0 wsf0\">n inve<span class=\"_ _0\"></span>stment pro<span class=\"_ _2b\"></span>perty<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 344px; height: 400px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 344px; height: 400px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 344px; height: 400px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 344px; height: 762px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 344px; height: 762px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffc7 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"lse2 wsfa\">investment<span class=\"_ _2\"></span> property<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment prop<span class=\"_ _0\"></span>erties ar<span class=\"_ _0\"></span>e those prop<span class=\"_ _0\"></span>erties that<span class=\"_ _0\"></span> Ageas h<span class=\"_ _0\"></span>olds to ear<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y804 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rental inc<span class=\"_ _2b\"></span>ome or for capital app<span class=\"_ _0\"></span>reciat<span class=\"_ _0\"></span>ion. Age<span class=\"_ _0\"></span>as may also use c<span class=\"_ _0\"></span>ertain</div>\n<div class=\"t m0 x7 h4f y805 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent properties for o<span class=\"_ _0\"></span>wn use. If the o<span class=\"_ _0\"></span>wn use porti<span class=\"_ _2b\"></span>ons can be sold</div>\n<div class=\"t m0 x7 h4f y806 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separately or lea<span class=\"_ _2\"></span>sed out separately under a f<span class=\"_ _2\"></span>inance lease, these</div>\n<div class=\"t m0 x7 h4f y807 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">portions are a<span class=\"_ _2\"></span>ccounted for as property, plan<span class=\"_ _2\"></span>t and equipment. If the own</div>\n<div class=\"t m0 x7 h4f y808 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">use portions cann<span class=\"_ _2\"></span>ot be sold separately, the<span class=\"_ _2\"></span> property is treated as</div>\n<div class=\"t m0 x7 h4f y809 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent property only if<span class=\"_ _0\"></span> Ageas hol<span class=\"_ _0\"></span>ds an insignif<span class=\"_ _2b\"></span>icant portion f<span class=\"_ _0\"></span>or own</div>\n<div class=\"t m0 x7 h4f y80a ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">use. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For reasons<span class=\"_ _2\"></span> of comparability,<span class=\"_ _2\"></span> Ageas applies the<span class=\"_ _2\"></span> cost model for bo<span class=\"_ _2\"></span>th</div>\n<div class=\"t m0 x7 h4f y80d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent property and fo<span class=\"_ _0\"></span>r property he<span class=\"_ _2b\"></span>ld for own use. After i<span class=\"_ _0\"></span>nitial</div>\n<div class=\"t m0 x7 h4f y80e ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, all property is m<span class=\"_ _0\"></span>easur<span class=\"_ _0\"></span>ed at its cost les<span class=\"_ _0\"></span>s any accum<span class=\"_ _0\"></span>ulated</div>\n<div class=\"t m0 x7 h4f y80f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">depreci<span class=\"_ _0\"></span>ation (u<span class=\"_ _0\"></span>sing a s<span class=\"_ _0\"></span>traight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">line met<span class=\"_ _2b\"></span>hod) and<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">any accumula<span class=\"_ _2\"></span>ted </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y810 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>ses. As <span class=\"_ _0\"></span>a result<span class=\"_ _0\"></span>, chang<span class=\"_ _2b\"></span>es in the fair v<span class=\"_ _0\"></span>alue of t<span class=\"_ _2b\"></span>he property</div>\n<div class=\"t m0 x7 h4f y90a ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are neit<span class=\"_ _0\"></span>her rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt (exce<span class=\"_ _0\"></span>pt for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y90b ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">losses) nor in<span class=\"_ _2\"></span> other comprehensive income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90c ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90d ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The resi<span class=\"_ _2b\"></span>dual value and t<span class=\"_ _2b\"></span>he useful lif<span class=\"_ _0\"></span>e of <span class=\"wsf0\">inves<span class=\"_ _0\"></span>tment p<span class=\"_ _0\"></span>roperty is </span></div>\n<div class=\"t m0 x7 h4f y90e ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned for each sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt part s<span class=\"_ _0\"></span>eparate<span class=\"_ _0\"></span>ly (com<span class=\"_ _0\"></span>ponent a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h)</div>\n<div class=\"t m0 x7 h4f y90f ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and is revi<span class=\"_ _0\"></span>ewed at each y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">end. For investment<span class=\"_ _2\"></span> property, the same </span></span></div>\n<div class=\"t m0 x7 h4f y910 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">maxima<span class=\"_ _0\"></span>l useful lif<span class=\"_ _0\"></span>e of compon<span class=\"_ _0\"></span>ents is app<span class=\"_ _0\"></span>lied as for p<span class=\"_ _0\"></span>roperty he<span class=\"_ _2b\"></span>ld for own</div>\n<div class=\"t m0 x7 h4f y911 ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">use.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y912 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas r<span class=\"_ _0\"></span>ents its<span class=\"_ _0\"></span> i<span class=\"lse2 ws103\">nvestment proper<span class=\"_ _2\"></span>ty under various non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">canc<span class=\"_ _2\"></span>ellable rental </span></span></div>\n<div class=\"t m0 x7 h4f y913 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contracts. <span class=\"_ _2\"></span>Certain contracts co<span class=\"_ _2\"></span>ntain renewal optio<span class=\"_ _2\"></span>ns for various p<span class=\"_ _2\"></span>eriods</div>\n<div class=\"t m0 x7 h4f y914 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of time.<span class=\"_ _0\"></span> The re<span class=\"_ _0\"></span>ntal inco<span class=\"_ _2b\"></span>me associated<span class=\"_ _0\"></span> with the<span class=\"_ _0\"></span>se cont<span class=\"_ _0\"></span>racts is <span class=\"_ _2b\"></span>recognised</div>\n<div class=\"t m0 x7 h4f y915 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">over time as in<span class=\"_ _2b\"></span>vestment inco<span class=\"_ _0\"></span>me, on a strai<span class=\"_ _0\"></span>ght<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">line bas</span></span>is over the rental</div>\n<div class=\"t m0 x7 h4f y916 ffc5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">term.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y917 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y918 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Transfers to,<span class=\"_ _2\"></span> or from, investment proper<span class=\"_ _2\"></span>ty are only made when there is a</div>\n<div class=\"t m0 x7 h4f y919 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">change in us<span class=\"_ _2b\"></span>e:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y91a ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsf0\">Into investment<span class=\"_ _0\"></span> property at<span class=\"_ _0\"></span> the end of ow<span class=\"_ _0\"></span>ner<span class=\"ls0 ws0\">-</span>occupat<span class=\"_ _2b\"></span>ion, at the start </span></span></div>\n<div class=\"t m0 x43 h4f y91b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of an operat<span class=\"_ _0\"></span>ing leas<span class=\"_ _0\"></span>e to <span class=\"lse2 wsf1\">another<span class=\"ls0 ws0\"> </span></span>party, or at the end of<span class=\"_ _0\"></span> construct<span class=\"_ _2b\"></span>ion</div>\n<div class=\"t m0 x43 h4f y91c ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or<span class=\"ls0 ws0\"> </span>developm<span class=\"_ _2b\"></span>ent<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">an<span class=\"_ _2\"></span>d</span> </span></div>\n<div class=\"t m0 x7 h4f y91d ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">Out of investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>perty at t<span class=\"_ _2b\"></span>he commencem<span class=\"_ _2b\"></span>ent of owner<span class=\"ls0 ws0\">-</span></span></span></div>\n<div class=\"t m0 x43 h4f y91e ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">occupat<span class=\"_ _0\"></span>ion or at<span class=\"_ _0\"></span> the start<span class=\"_ _0\"></span> of dev<span class=\"_ _2b\"></span>elopment with a v<span class=\"_ _2b\"></span>iew to sale.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y91f ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y920 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>outcom<span class=\"_ _0\"></span>e of a cons<span class=\"_ _2b\"></span>truction cont<span class=\"_ _0\"></span>ract ca<span class=\"_ _0\"></span>n be esti<span class=\"_ _2b\"></span>mated reliably,<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y921 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> revenu<span class=\"_ _0\"></span>e and contr<span class=\"_ _0\"></span>act costs a<span class=\"_ _0\"></span>ssociate<span class=\"_ _2b\"></span>d with the constru<span class=\"_ _0\"></span>ction</div>\n<div class=\"t m0 x7 h4f y922 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contract are<span class=\"_ _2\"></span> recognised as rev<span class=\"_ _2\"></span>enue and expense<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"wsf1\">respectively<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>by </span></div>\n<div class=\"t m0 x7 h4f y923 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">referenc<span class=\"_ _2b\"></span>e to the stage <span class=\"_ _0\"></span>of comp<span class=\"_ _0\"></span>letion <span class=\"_ _0\"></span>of the co<span class=\"_ _0\"></span>ntract a<span class=\"_ _2b\"></span>ctivity at the d<span class=\"_ _2b\"></span>ate of</div>\n<div class=\"t m0 x7 h4f y924 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the state<span class=\"_ _0\"></span>ment of finan<span class=\"_ _2b\"></span>cial position. Wh<span class=\"_ _2b\"></span>en it is probable that <span class=\"wsef\">t<span class=\"_ _0\"></span>he <span class=\"lsfc ws115\">tota<span class=\"_ _2\"></span>l </span></span></div>\n<div class=\"t m0 x7 h4f y925 ffc5 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">contract costs will <span class=\"lse0 wsef\">exceed <span class=\"lsfc ws115\">the <span class=\"lse2 ws103\">total<span class=\"_ _2\"></span> contract revenue, the expected<span class=\"_ _2\"></span> loss </span></span></span></div>\n<div class=\"t m0 x7 h4f y926 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is recogni<span class=\"_ _2\"></span>sed immediately in<span class=\"_ _2\"></span> the income sta<span class=\"_ _2\"></span>tement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 410px; height: 687px; width: 354px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y973 ffc7 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f property held<span class=\"_ _2\"></span> for own use and i<span class=\"_ _2\"></span>nvestment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y974 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As for other non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">finan<span class=\"_ _2b\"></span>cial assets, pro<span class=\"_ _0\"></span>perty he<span class=\"_ _0\"></span>ld for own use an<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x7 h4f y975 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment proper<span class=\"_ _2\"></span>ty<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">is </span></span>impaired<span class=\"_ _2\"></span> when its carrying amount exceeds<span class=\"_ _2\"></span> the</div>\n<div class=\"t m0 x7 h4f y976 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9db ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The recoverable<span class=\"_ _2\"></span> amount is measured as the higher<span class=\"_ _2\"></span> of either \u2018fair value</div>\n<div class=\"t m0 x7 h4f y9dc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">less cost<span class=\"_ _0\"></span>s to sel<span class=\"_ _0\"></span>l\u2019 or \u2018va<span class=\"_ _2b\"></span>lue in use\u2019<span class=\"ls0 ws0\">:  </span></div>\n<div class=\"t m0 x7 h4f y9dd ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">The \u2018fair val<span class=\"_ _0\"></span>ue less cos<span class=\"_ _0\"></span>ts to se<span class=\"_ _2b\"></span>ll\u2019 is the pric<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>ould be rec<span class=\"_ _2b\"></span>eived </span></span></div>\n<div class=\"t m0 x43 h4f y9de ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to sell an ass<span class=\"_ _0\"></span>et in an orde<span class=\"_ _0\"></span>rly trans<span class=\"_ _0\"></span>action b<span class=\"_ _0\"></span>etween ma<span class=\"_ _2b\"></span>rket</div>\n<div class=\"t m0 x6c h4f yc13 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participants<span class=\"_ _2\"></span> (based on observable and non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">observable mar<span class=\"_ _0\"></span>ket </span></span></div>\n<div class=\"t m0 x6c h4f yc14 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">data), aft<span class=\"_ _0\"></span>er deduct<span class=\"_ _2b\"></span>ing any direct incr<span class=\"_ _0\"></span>emental d<span class=\"_ _2b\"></span>isposal costs<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc15 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsfa\">\u2018value <span class=\"_ _0\"></span>in use\u2019 i<span class=\"_ _0\"></span>s the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of <span class=\"_ _0\"></span>estimate<span class=\"_ _2b\"></span>d future cash </span></span></span></div>\n<div class=\"t m0 x6c h4f yc16 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">flows ex<span class=\"_ _2b\"></span>pected to aris<span class=\"_ _0\"></span>e from c<span class=\"_ _0\"></span>ontinui<span class=\"_ _0\"></span>ng use of t<span class=\"_ _2b\"></span>he asset and fr<span class=\"_ _0\"></span>om</div>\n<div class=\"t m0 x6c h4f yc17 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">its dispos<span class=\"_ _2b\"></span>al at the end of its usefu<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>lif<span class=\"_ _0\"></span>e, without<span class=\"_ _0\"></span> deducti<span class=\"_ _2b\"></span>on <span class=\"_ _2\"></span>of<span class=\"_ _0\"></span> transfer</div>\n<div class=\"t m0 x6c h4f yc18 ffc5 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">tax.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At the end of eac<span class=\"_ _2b\"></span>h reporting peri<span class=\"_ _0\"></span>od, Ageas as<span class=\"_ _2b\"></span>sess<span class=\"lse2 ws103\">es whether there<span class=\"_ _2\"></span> is </span></div>\n<div class=\"t m0 x1a h4f yc1b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any object<span class=\"_ _0\"></span>ive indic<span class=\"_ _2b\"></span>ation that an asset<span class=\"_ _0\"></span> may be impai<span class=\"_ _0\"></span>red, con<span class=\"_ _0\"></span>sideri<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f yc1c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">various externa<span class=\"_ _2\"></span>l (e.g. significant chang<span class=\"_ _2\"></span>es in the economic environment)<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and inter<span class=\"_ _0\"></span>nal (e.g. p<span class=\"_ _0\"></span>lan to disp<span class=\"_ _0\"></span>ose) sourc<span class=\"_ _2b\"></span>es of information.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>If any<span class=\"_ _0\"></span> such</div>\n<div class=\"t m0 x1a h4f yc1e ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">indication e<span class=\"_ _2\"></span>xists (and o<span class=\"lse0 wsf0\">nly then<span class=\"_ _0\"></span>), Ageas wi<span class=\"_ _0\"></span>ll reduce t<span class=\"_ _0\"></span>he carryi<span class=\"_ _2b\"></span>ng amount </span></div>\n<div class=\"t m0 x1a h4f yc1f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the im<span class=\"_ _0\"></span>paired as<span class=\"_ _2b\"></span>set to its est<span class=\"_ _0\"></span>imated r<span class=\"_ _2b\"></span>ecoverable am<span class=\"_ _0\"></span>ount,<span class=\"_ _0\"></span> and the</div>\n<div class=\"t m0 x1a h4f yc20 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ch<span class=\"_ _0\"></span>ange in the cu<span class=\"_ _2b\"></span>rrent year is recog<span class=\"_ _0\"></span>nised in the inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x1a h4f yc21 ffc5 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc23 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">After th<span class=\"_ _2b\"></span>e recognition o<span class=\"_ _0\"></span>f an imp<span class=\"_ _0\"></span>airment<span class=\"_ _2b\"></span>, the depreciat<span class=\"_ _0\"></span>ion for f<span class=\"_ _2b\"></span>uture</div>\n<div class=\"t m0 x1a h4f yc24 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">periods i<span class=\"_ _2\"></span>s adjusted based on <span class=\"_ _2\"></span>the revised carryi<span class=\"_ _2\"></span>ng amount less <span class=\"_ _2\"></span>its</div>\n<div class=\"t m0 x1a h4f yc25 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value ov<span class=\"_ _0\"></span>er the assets<span class=\"_ _0\"></span> remaini<span class=\"_ _0\"></span>ng useful lif<span class=\"_ _0\"></span>e. For pro<span class=\"_ _0\"></span>perty, the</div>\n<div class=\"t m0 x1a h4f yc34 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>eac<span class=\"_ _2b\"></span>h significant part<span class=\"_ _0\"></span> is determ<span class=\"_ _0\"></span>ined sep<span class=\"_ _0\"></span>arately an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>revi<span class=\"_ _2b\"></span>ewed</div>\n<div class=\"t m0 x1a h4f yc35 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at year<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">end.</span> </span></div>\n<div class=\"t m0 x1a h4f yc36 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc37 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If in a subseq<span class=\"_ _0\"></span>uent p<span class=\"lse2 ws103\">eriod, the amount of the impa<span class=\"_ _2\"></span>irment on non<span class=\"ls0 ws0\">-</span></span><span class=\"wsef\">financial </span></div>\n<div class=\"t m0 x1a h4f yc75 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets ot<span class=\"_ _0\"></span>her than goo<span class=\"_ _0\"></span>dwill dec<span class=\"_ _2b\"></span>reases, due to an eve<span class=\"_ _0\"></span>nt occurr<span class=\"_ _0\"></span>ing after</div>\n<div class=\"t m0 x1a h4f yc76 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the writ<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">down, the pre<span class=\"_ _2\"></span>viously recorded impairment lo<span class=\"_ _2\"></span>ss is reversed in </span></span></div>\n<div class=\"t m0 x1a h4f yc77 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">That i<span class=\"_ _2b\"></span>ncreased amount<span class=\"_ _0\"></span> cannot ex<span class=\"_ _0\"></span>ceed the </span></div>\n<div class=\"t m0 x1a h4f yc78 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>at <span class=\"_ _2\"></span>wo<span class=\"_ _0\"></span>uld have be<span class=\"_ _0\"></span>en determ<span class=\"_ _2b\"></span>ined, net of depreci<span class=\"_ _0\"></span>ation,</div>\n<div class=\"t m0 x1a h4f yc79 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">had no impairmen<span class=\"_ _2\"></span>t loss been recognised for<span class=\"_ _2\"></span> the asset in prior years.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 425px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 126px; width: 348px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 430px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 131px; width: 348px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 435px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 136px; width: 348px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 424px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 850px; width: 354px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 ybf9 ffc7 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Borrowing cos<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfa ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Borrowing <span class=\"_ _2\"></span>costs are generall<span class=\"_ _2\"></span>y expensed as incurre<span class=\"_ _2\"></span>d. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfb ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Borrow<span class=\"_ _0\"></span>ing cost<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e direct<span class=\"_ _0\"></span>ly attr<span class=\"_ _0\"></span>ibutabl<span class=\"_ _0\"></span>e to the<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f ybfd ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ction of an as<span class=\"_ _0\"></span>set are ca<span class=\"_ _0\"></span>pitalis<span class=\"_ _0\"></span>ed while the as<span class=\"_ _0\"></span>set is bei<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f ybfe ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>cted, as p<span class=\"_ _0\"></span>art of the cost<span class=\"_ _0\"></span> of that asset.<span class=\"_ _0\"></span> Capita<span class=\"_ _0\"></span>lisation of<span class=\"_ _0\"></span> borrow<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f ybff ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">costs sho<span class=\"_ _0\"></span>uld commen<span class=\"_ _2b\"></span>ce when: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc00 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 ws103\">E<span class=\"_ _2\"></span>xpenditures for the asset and<span class=\"_ _2\"></span> borrowing costs are being <span class=\"wsf1\">i<span class=\"_ _2\"></span>ncurred</span></span><span class=\"ffc5\">; </span></span></div>\n<div class=\"t m0 x6c h4f yc01 ffc5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc02 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">Activities ne<span class=\"_ _0\"></span>cessar<span class=\"_ _0\"></span>y to prep<span class=\"_ _0\"></span>are the a<span class=\"_ _2b\"></span>sset for its i<span class=\"_ _0\"></span>ntended <span class=\"_ _0\"></span>use or sa<span class=\"_ _0\"></span>le </span></span></div>\n<div class=\"t m0 x6c h4f yc03 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are in pro<span class=\"_ _2\"></span>gress. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc04 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc05 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Capital<span class=\"_ _0\"></span>isation <span class=\"_ _2b\"></span>of borrowing c<span class=\"_ _2b\"></span>osts ceases wh<span class=\"_ _2b\"></span>en the asset is s<span class=\"_ _2b\"></span>ubstantially</div>\n<div class=\"t m0 x1a h4f yc06 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ready f<span class=\"_ _0\"></span>or its int<span class=\"_ _0\"></span>ended us<span class=\"_ _2b\"></span>e or sale. If a<span class=\"_ _0\"></span>ctive dev<span class=\"_ _2b\"></span>elopment is i<span class=\"_ _0\"></span>nterru<span class=\"_ _0\"></span>pted for</div>\n<div class=\"t m0 x1a h4f yc07 ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">an<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">extended period<span class=\"_ _2\"></span>, capitalisation is suspended<span class=\"_ _2\"></span>. Where construction </span></span></div>\n<div class=\"t m0 x1a h4f yc08 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occurs pi<span class=\"_ _0\"></span>ecemeal,<span class=\"_ _0\"></span> and use of eac<span class=\"_ _0\"></span>h part is poss<span class=\"_ _2b\"></span>ible as construct<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f yc09 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ues, cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ation for <span class=\"_ _2b\"></span>each part ceas<span class=\"_ _2b\"></span>es upon substant<span class=\"_ _2b\"></span>ial</div>\n<div class=\"t m0 x1a h4f yc0a ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complet<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>hat part.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc0b ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc0c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For a borrowing asso<span class=\"_ _2\"></span>ciated with a specific ass<span class=\"_ _2\"></span>et, the actual rate on that<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc0d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ing is appli<span class=\"_ _0\"></span>ed. Othe<span class=\"_ _0\"></span>rwise, a wei<span class=\"_ _0\"></span>ghted av<span class=\"_ _0\"></span>erage cost<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of bor<span class=\"_ _0\"></span>rowings</div>\n<div class=\"t m0 x1a h4f yc0e ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is applied<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 340px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 345px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 251px; height: 855px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 251px; height: 855px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 251px; height: 855px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For qualif<span class=\"_ _0\"></span>ying ass<span class=\"_ _0\"></span>ets comme<span class=\"_ _0\"></span>ncing on or b<span class=\"_ _0\"></span>efore 1 Jan<span class=\"_ _0\"></span>uary 200<span class=\"_ _0\"></span>8,</div>\n<div class=\"t m0 x7 h4f y803 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowing <span class=\"_ _2\"></span>costs that were di<span class=\"_ _2\"></span>rectly<span class=\"ls0 ws0\"> </span><span class=\"lse0\">attribut<span class=\"_ _2b\"></span>able to the ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on, </span></div>\n<div class=\"t m0 x7 h4f y804 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ction or pr<span class=\"_ _0\"></span>oductio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>of a qua<span class=\"_ _0\"></span>lifyin<span class=\"_ _0\"></span>g asset (i.e.<span class=\"_ _0\"></span> an asset th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y805 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">necess<span class=\"_ _0\"></span>arily took a s<span class=\"_ _0\"></span>ubstant<span class=\"_ _0\"></span>ial peri<span class=\"_ _0\"></span>od of time to get re<span class=\"_ _0\"></span>ady for its<span class=\"_ _0\"></span> intended</div>\n<div class=\"t m0 x7 h4f y806 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">use or <span class=\"_ _2\"></span>sale) were expensed<span class=\"_ _2\"></span> as incurred.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 73px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 78px; width: 349px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yc7b ffca fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.6<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Goodw<span class=\"_ _2\"></span>ill and</span> <span class=\"lse0 wsf0\">other intangi<span class=\"_ _2b\"></span>ble a<span class=\"lsfb wsfa\">sse<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 x7 h55 yc7c ffcc fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7d ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>et is an ident<span class=\"_ _0\"></span>ifiable n<span class=\"_ _2b\"></span>on<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">mon<span class=\"_ _0\"></span>etary as<span class=\"_ _0\"></span>set and <span class=\"_ _0\"></span>is </span></div>\n<div class=\"t m0 x7 h4f yc7e ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span>f, and only if<span class=\"_ _2\"></span>, it will genera<span class=\"_ _2\"></span>te future economic <span class=\"_ _2\"></span>benefits and if</div>\n<div class=\"t m0 x7 h4f yc7f ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the cost of the<span class=\"_ _2\"></span> asset can be measured reliab<span class=\"_ _2\"></span>ly.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc80 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc81 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s are recorde<span class=\"_ _0\"></span>d on the <span class=\"_ _0\"></span>sta<span class=\"wsf0\">teme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition at </span></div>\n<div class=\"t m0 x7 h4f yc82 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cost less an<span class=\"_ _0\"></span>y accumu<span class=\"_ _2b\"></span>lated amortisat<span class=\"_ _0\"></span>ion and any ac<span class=\"_ _2b\"></span>cumulated</div>\n<div class=\"t m0 x7 h4f yc83 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>ses. Th<span class=\"_ _0\"></span>e residu<span class=\"_ _0\"></span>al valu<span class=\"_ _2b\"></span>e and the usefu<span class=\"_ _0\"></span>l life of<span class=\"_ _0\"></span> intang<span class=\"_ _0\"></span>ible</div>\n<div class=\"t m0 x7 h4f yc84 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>re reviewed at e<span class=\"_ _0\"></span>ach year<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">end.</span> </span></div>\n<div class=\"t m0 x7 h4f yc85 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y887 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s with definit<span class=\"_ _0\"></span>e lives<span class=\"_ _0\"></span> are <span class=\"lse2 ws103\">amortised over their estim<span class=\"_ _2\"></span>ated </span></div>\n<div class=\"t m0 x7 h4f y888 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e using the straight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">line m<span class=\"_ _2b\"></span>ethod. Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _2b\"></span>ets with indef<span class=\"_ _0\"></span>inite </span></span></div>\n<div class=\"t m0 x7 h4f y889 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lives, suc<span class=\"_ _0\"></span>h as goodwi<span class=\"_ _2b\"></span>ll, are not amortis<span class=\"_ _0\"></span>ed, but are i<span class=\"_ _0\"></span>nstead test<span class=\"_ _0\"></span>ed for</div>\n<div class=\"t m0 x7 h4f y88a ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent at least<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ann<span class=\"_ _0\"></span>ually. Any<span class=\"_ _0\"></span> impairm<span class=\"_ _0\"></span>ent loss id<span class=\"_ _0\"></span>entifie<span class=\"_ _0\"></span>d is</div>\n<div class=\"t m0 x7 h4f y88b ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span><span class=\"lse0\">n th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h55 y9a5 ffcc fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Value of<span class=\"_ _2\"></span> business acquired (VO<span class=\"_ _2\"></span>BA)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9a6 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Value of <span class=\"_ _0\"></span>busines<span class=\"_ _2b\"></span>s acquired re<span class=\"_ _0\"></span>present<span class=\"_ _0\"></span>s the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _2b\"></span>n the fair</div>\n<div class=\"t m0 x7 h4f y9a7 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value at acq<span class=\"_ _0\"></span>uisiti<span class=\"_ _0\"></span>on date meas<span class=\"_ _0\"></span>ured usi<span class=\"_ _0\"></span>ng the <span class=\"lse2 wsf1\">Ageas's accoun<span class=\"_ _2\"></span>ting </span></div>\n<div class=\"t m0 x7 h4f y9a8 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span> and th<span class=\"_ _0\"></span>e subseq<span class=\"_ _0\"></span>uent c<span class=\"_ _0\"></span>arrying <span class=\"_ _0\"></span>value of a<span class=\"_ _0\"></span> portfo<span class=\"_ _0\"></span>lio of ins<span class=\"_ _2b\"></span><span class=\"wsef\">urance </span></div>\n<div class=\"t m0 x7 h4f y9a9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and inve<span class=\"_ _0\"></span>stment c<span class=\"_ _2b\"></span>ontracts acq<span class=\"_ _0\"></span>uired in <span class=\"_ _2b\"></span>a business or p<span class=\"_ _0\"></span>ortfol<span class=\"_ _0\"></span>io acqui<span class=\"_ _0\"></span>sition.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9aa ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9ab ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">VOBA is re<span class=\"_ _2\"></span>cognised as an i<span class=\"_ _2\"></span>ntangible asset and<span class=\"_ _2\"></span> is amortised ov<span class=\"_ _2\"></span>er the</div>\n<div class=\"t m0 x7 h4f y9ac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income rec<span class=\"_ _2b\"></span>ognition perio<span class=\"_ _0\"></span>d of the portf<span class=\"_ _2b\"></span>olio of contracts ac<span class=\"_ _2b\"></span>quired. Each</div>\n<div class=\"t m0 x7 h4f y9ad ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting date<span class=\"_ _2\"></span>, VOBA is part of the<span class=\"ls0 ws0\"> <span class=\"lse1 ws104\">liability adequacy test to assess </span></span></div>\n<div class=\"t m0 x7 h4f y9ae ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">whether t<span class=\"_ _0\"></span>he liabil<span class=\"_ _0\"></span>ities aris<span class=\"_ _0\"></span>ing from in<span class=\"_ _0\"></span>suranc<span class=\"_ _0\"></span>e and inves<span class=\"_ _0\"></span>tment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y9af ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are adequat<span class=\"_ _2\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yc86 ffcc fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Intern<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>ntangib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc87 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intern<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>ntangib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets are c<span class=\"_ _0\"></span>apitalis<span class=\"_ _2b\"></span>ed when Ageas c<span class=\"_ _2b\"></span>an</div>\n<div class=\"t m0 x7 h4f yc88 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rate all of<span class=\"_ _0\"></span> the fol<span class=\"ls102 ws11d\">lowing:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc89 ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">The technical f<span class=\"_ _2b\"></span>easibility of <span class=\"_ _2b\"></span>completing the<span class=\"_ _2b\"></span> intangible as<span class=\"_ _0\"></span>set so t<span class=\"_ _0\"></span>hat it </span></span></div>\n<div class=\"t m0 x43 h4f yc8a ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">will be availab<span class=\"_ _2\"></span>le for use or sale;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8b ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">Its intention t<span class=\"_ _2b\"></span>o complete the <span class=\"_ _0\"></span>intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span> and us<span class=\"_ _0\"></span>e or sel<span class=\"_ _0\"></span>l it;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yc8c ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsf0\">Its ability to use or sel<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e intangib<span class=\"_ _2b\"></span>le asset;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yc8d ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca ls104 ws136\">How the <span class=\"lse2 ws103\">intangible<span class=\"_ _2\"></span> asset will generate probable<span class=\"_ _2\"></span> future economic </span></span></span></div>\n<div class=\"t m0 x43 h4f yc8e ffca fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8f ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsf0\">The availabilit<span class=\"_ _0\"></span>y of adequat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>tec<span class=\"_ _2b\"></span>hnical, financ<span class=\"_ _2b\"></span>ial and other resour<span class=\"_ _0\"></span>ces </span></span></div>\n<div class=\"t m0 x43 h4f yc90 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to comp<span class=\"_ _0\"></span>lete th<span class=\"_ _0\"></span>e develo<span class=\"_ _0\"></span>pment an<span class=\"_ _0\"></span>d to use <span class=\"_ _2b\"></span>or sell the inta<span class=\"_ _2b\"></span>ngible asset<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x43 h4f yc91 ffca fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc92 ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse2 ws103\">It<span class=\"_ _2\"></span>s ability to measure relia<span class=\"_ _2\"></span>bly the expenditure</span><span class=\"ffca\"> <span class=\"lse0 wsfa\">attributable<span class=\"_ _0\"></span> to the </span></span></span></div>\n<div class=\"t m0 x43 h4f yc93 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset during its dev<span class=\"_ _2b\"></span>elopment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a4 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Only inta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>sets aris<span class=\"_ _2b\"></span>ing from develop<span class=\"_ _0\"></span>ment are ca<span class=\"_ _0\"></span>pitalis<span class=\"_ _0\"></span>ed. All</div>\n<div class=\"t m0 x1a h4f y8a5 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other internal<span class=\"_ _2\"></span>ly generated intangible ass<span class=\"_ _2\"></span>ets are not capitalised<span class=\"_ _2\"></span> and</div>\n<div class=\"t m0 x1a h4f y8a6 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expendit<span class=\"_ _2b\"></span>ure is reflec<span class=\"_ _0\"></span>ted in th<span class=\"_ _2b\"></span>e income statem<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he<span class=\"ls0 ws0\"> </span>year in w<span class=\"_ _2b\"></span>hich the</div>\n<div class=\"t m0 x1a h4f yc95 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">expenditure <span class=\"_ _2\"></span>is incurred.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y8a8 ffcc fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a9 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Software for compu<span class=\"_ _2\"></span>ter hardware that canno<span class=\"_ _2\"></span>t operate without that</div>\n<div class=\"t m0 x1a h4f y8aa ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">specific sof<span class=\"_ _2\"></span>tware, such as the operating s<span class=\"_ _2\"></span>ystem, is an integral part o<span class=\"_ _2\"></span>f the</div>\n<div class=\"t m0 x1a h4f y8ab ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related h<span class=\"_ _0\"></span>ardwar<span class=\"_ _0\"></span>e and is treate<span class=\"_ _2b\"></span>d as property, plant an<span class=\"_ _2b\"></span>d equipmen<span class=\"lsf4 ws0\">t. If the </span></div>\n<div class=\"t m0 x1a h4f y8ac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">softwa<span class=\"_ _0\"></span>re is not an inte<span class=\"_ _0\"></span>gral part of<span class=\"_ _0\"></span> the relat<span class=\"_ _0\"></span>ed hardwar<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>the c<span class=\"_ _0\"></span>osts</div>\n<div class=\"t m0 x1a h4f y8ad ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d during th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>deve<span class=\"_ _2b\"></span>lopment phase,<span class=\"_ _0\"></span> for which A<span class=\"_ _0\"></span>geas can</div>\n<div class=\"t m0 x1a h4f y8ae ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rate all of<span class=\"_ _0\"></span> the above<span class=\"ls0 ws0\">-</span>ment<span class=\"_ _2b\"></span>ioned criteria,<span class=\"_ _0\"></span> are capit<span class=\"_ _0\"></span>alised as an</div>\n<div class=\"t m0 x1a h4f y8af ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset and are amort<span class=\"_ _0\"></span>ised over t<span class=\"_ _0\"></span>heir est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>eful life usi<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y8b0 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the straight<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">line m<span class=\"_ _0\"></span>ethod. In g<span class=\"_ _2b\"></span>eneral, such softw<span class=\"_ _0\"></span>are is amort<span class=\"_ _0\"></span>ised ove<span class=\"_ _0\"></span>r a </span></span></div>\n<div class=\"t m0 x1a h4f y8b1 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">maximum of <span class=\"_ _2\"></span>5 years.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yc96 ffcc fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc97 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es, such as parkin<span class=\"_ _0\"></span>g concess<span class=\"_ _0\"></span>ions,</div>\n<div class=\"t m0 x1a h4f yc98 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">trademarks an<span class=\"_ _2\"></span>d licenses,<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">are generall<span class=\"_ _0\"></span>y amortise<span class=\"_ _0\"></span>d over thei<span class=\"_ _0\"></span>r estimat<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x1a h4f yc99 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful liv<span class=\"_ _2b\"></span>es using the straight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">line <span class=\"_ _0\"></span>method.<span class=\"_ _0\"></span> Intang<span class=\"_ _2b\"></span>ible assets wit<span class=\"_ _2b\"></span>h finite </span></span></div>\n<div class=\"t m0 x1a h4f yc9a ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lives are r<span class=\"_ _0\"></span>eviewed f<span class=\"_ _0\"></span>or indicat<span class=\"_ _2b\"></span>ors of impairment at<span class=\"_ _0\"></span> each report<span class=\"_ _0\"></span>ing date.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc9b ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc9c ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Car park co<span class=\"_ _0\"></span>ncessi<span class=\"_ _0\"></span>ons are reco<span class=\"_ _0\"></span>gnised<span class=\"_ _0\"></span> as intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span>s when <span class=\"lse2 wsf1\">Ageas </span></div>\n<div class=\"t m0 x1a h4f y8b9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has the ri<span class=\"_ _2b\"></span>ght to charge f<span class=\"_ _0\"></span>or the us<span class=\"_ _2b\"></span>age of the conc<span class=\"_ _0\"></span>ession i<span class=\"_ _2b\"></span>nfrastructure.<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x1a h4f y8ba ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _0\"></span>et receiv<span class=\"_ _2b\"></span>ed is measured at fair val<span class=\"_ _2b\"></span>ue at initial</div>\n<div class=\"t m0 x1a h4f y8bb ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>, as consideration <span class=\"_ _2\"></span>for providing cons<span class=\"_ _2\"></span>truction or upgrade<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc9d ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s in a serv<span class=\"_ _2b\"></span>ice concessi<span class=\"_ _0\"></span>on arran<span class=\"_ _0\"></span>gement.<span class=\"_ _0\"></span> The ap<span class=\"_ _0\"></span>plicabl<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yc9e ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is determ<span class=\"_ _0\"></span>ined by ref<span class=\"_ _0\"></span>erence to th<span class=\"_ _0\"></span>e fair value of<span class=\"_ _0\"></span> the const<span class=\"_ _0\"></span>ruction or</div>\n<div class=\"t m0 x1a h4f yc9f ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">upgrade servic<span class=\"_ _2\"></span>es provided. Subsequent to in<span class=\"_ _2\"></span>itial recognition, the car<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yca0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">park conc<span class=\"_ _0\"></span>essions<span class=\"_ _0\"></span> are measu<span class=\"_ _0\"></span>red at cost les<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>any ac<span class=\"_ _2b\"></span>cumulated</div>\n<div class=\"t m0 x1a h4f yca1 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ation and a<span class=\"_ _0\"></span>ny accumu<span class=\"_ _2b\"></span>lated impairme<span class=\"_ _0\"></span>nt losses. T<span class=\"_ _2b\"></span>he estimated</div>\n<div class=\"t m0 x1a h4f yca2 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>an int<span class=\"_ _2b\"></span>angible asset in a se<span class=\"_ _0\"></span>rvice conc<span class=\"_ _2b\"></span>ession arrange<span class=\"_ _0\"></span>ment is</div>\n<div class=\"t m0 x1a h4f yca3 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the peri<span class=\"_ _0\"></span>od that st<span class=\"_ _2b\"></span>arts at the ti<span class=\"_ _2b\"></span>me Ageas is ab<span class=\"_ _0\"></span>le to cha<span class=\"_ _0\"></span>rge for t<span class=\"_ _0\"></span>he use of</div>\n<div class=\"t m0 x1a h4f yca4 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the conces<span class=\"_ _2b\"></span>sion infrastru<span class=\"_ _0\"></span>cture unt<span class=\"_ _2b\"></span>il <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e end of the conc<span class=\"_ _2b\"></span>ession period. T<span class=\"_ _0\"></span>h<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f yca5 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent princ<span class=\"_ _0\"></span>iples app<span class=\"_ _0\"></span>lied to car p<span class=\"_ _0\"></span>ark conce<span class=\"_ _0\"></span>ssions ar<span class=\"_ _0\"></span>e the same as</div>\n<div class=\"t m0 x1a h4f yca6 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">those applicable<span class=\"_ _2\"></span> to investment properties<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 536px; height: 304px; width: 354px; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 536px; height: 561px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 656px; width: 354px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yca7 ffca fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yca8 ffcc fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Goodwill from<span class=\"_ _2\"></span> business combinations from<span class=\"_ _2\"></span> 1 January 2010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yca9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">At initi<span class=\"_ _0\"></span>al reco<span class=\"_ _0\"></span>gnition,<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill is me<span class=\"_ _2b\"></span>asured at cost,<span class=\"_ _0\"></span> being t<span class=\"_ _0\"></span>he exces<span class=\"_ _0\"></span>s of</div>\n<div class=\"t m0 x1a h4f ycaa ffca fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">th<span class=\"lse2 ws103\">e fair value<span class=\"_ _2\"></span> of the consideration transferred<span class=\"_ _2\"></span> over: <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ycab ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas's <span class=\"ws103\">share in the ne<span class=\"_ _2\"></span>t identifiable assets acquired<span class=\"_ _2\"></span> and liabilities </span></span></span></div>\n<div class=\"t m0 x6c h4f ycac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assume<span class=\"_ _0\"></span>d; and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycad ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">Net of the fai<span class=\"_ _0\"></span>r value o<span class=\"_ _0\"></span>f any pre<span class=\"_ _2b\"></span>viously held e<span class=\"_ _0\"></span>quity i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> in the </span></span></div>\n<div class=\"t m0 x6c h4f ycae ffca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>e. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycaf ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">After init<span class=\"_ _2b\"></span>ial recognition,<span class=\"_ _0\"></span> goodwi<span class=\"_ _0\"></span>ll is measur<span class=\"_ _0\"></span>ed at cost les<span class=\"_ _0\"></span>s any</div>\n<div class=\"t m0 x1a h4f ycb1 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">accumu<span class=\"_ _0\"></span>lated im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt losses<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 178px; width: 354px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 183px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 692px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yc94 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ffd1 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll from b<span class=\"_ _0\"></span>usiness c<span class=\"_ _2b\"></span>ombinations pr<span class=\"_ _2b\"></span>ior to <span class=\"lse2\">1 January<span class=\"_ _2\"></span> 2010<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">In comparison wi<span class=\"_ _2\"></span>th the above<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">mentioned<span class=\"_ _2\"></span> requirements, th<span class=\"_ _2\"></span>e following </span></div>\n<div class=\"t m0 x7 h4f y804 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nces apply<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> were acco<span class=\"_ _2b\"></span>unted for using the pu<span class=\"_ _0\"></span>rchase </span></span></div>\n<div class=\"t m0 x43 h4f y806 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">method.<span class=\"_ _0\"></span> Transac<span class=\"_ _0\"></span>tion co<span class=\"_ _2b\"></span>sts directly at<span class=\"_ _2b\"></span>tributable to t<span class=\"_ _0\"></span>he acqu<span class=\"_ _0\"></span>isitio<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x43 h4f y807 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">formed pa<span class=\"_ _2b\"></span>rt <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e acquisit<span class=\"_ _0\"></span>ion costs<span class=\"_ _0\"></span>. The non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">controlling interest </span></span></div>\n<div class=\"t m0 x43 h4f y808 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(formerly known<span class=\"_ _2\"></span> as minority interest) wa<span class=\"_ _2\"></span>s measured at the</div>\n<div class=\"t m0 x43 h4f y809 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ionate s<span class=\"_ _2b\"></span>hare of the ac<span class=\"_ _0\"></span>quiree\u2019s<span class=\"_ _0\"></span> identif<span class=\"_ _2b\"></span>iable net asset<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> achieve<span class=\"_ _0\"></span>d in stages w<span class=\"_ _0\"></span>ere account<span class=\"_ _2b\"></span>ed for as </span></span></div>\n<div class=\"t m0 x43 h4f y80b ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separate steps.<span class=\"_ _2\"></span> Any additional ac<span class=\"lse0 wsf0\">quired shar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>of int<span class=\"_ _0\"></span>erest did n<span class=\"_ _0\"></span>ot </span></div>\n<div class=\"t m0 x43 h4f y80c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">affect pre<span class=\"_ _2\"></span>viously recognised good<span class=\"_ _2\"></span>will.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80d ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsfa\">A contingent c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>ration w<span class=\"_ _2b\"></span>as recognised i<span class=\"_ _2b\"></span>f, and only if<span class=\"_ _0\"></span>, Ageas </span></span></div>\n<div class=\"t m0 x43 h4f y80e ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">had a prese<span class=\"_ _0\"></span>nt obligat<span class=\"_ _0\"></span>ion, eco<span class=\"_ _0\"></span>nomic ou<span class=\"_ _0\"></span>tflow was m<span class=\"_ _0\"></span>ore likely<span class=\"_ _0\"></span> than not</div>\n<div class=\"t m0 x43 h4f y80f ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and a relia<span class=\"_ _0\"></span>ble estim<span class=\"_ _0\"></span>ate was <span class=\"lse2 wsfa\">determinable. Subseq<span class=\"_ _2\"></span>uent adjustments </span></div>\n<div class=\"t m0 x43 h4f y810 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to the cont<span class=\"_ _0\"></span>ingent con<span class=\"_ _2b\"></span>sideration aff<span class=\"_ _0\"></span>ected go<span class=\"_ _0\"></span>odwill.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 y886 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll is an inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _2b\"></span>et <span class=\"_ _2\"></span>wit<span class=\"_ _2b\"></span>h an indefinite lif<span class=\"_ _0\"></span>e and, like al<span class=\"_ _0\"></span>l other</div>\n<div class=\"t m0 x7 h4f y8d0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e lives, the ca<span class=\"_ _0\"></span>rrying val<span class=\"_ _2b\"></span>ue of those</div>\n<div class=\"t m0 x7 h4f y8d1 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e life is assess<span class=\"_ _2b\"></span>ed annually, or mor<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y8d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">frequent<span class=\"_ _2b\"></span>ly, if events o<span class=\"_ _2b\"></span>r changes in ci<span class=\"_ _0\"></span>rcumst<span class=\"_ _2b\"></span>ances indicat<span class=\"_ _0\"></span>e that suc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x7 h4f y8d3 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> value may not b<span class=\"_ _2b\"></span>e recoverabl<span class=\"_ _0\"></span>e. If suc<span class=\"_ _0\"></span>h indicat<span class=\"_ _2b\"></span>ion exists, t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yb28 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt is determined for the c<span class=\"_ _2\"></span>ash<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">ge<span class=\"lse0 wsfa\">nerati<span class=\"_ _0\"></span>ng unit t<span class=\"_ _2b\"></span>o which </span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">goodwil<span class=\"_ _0\"></span>l belongs.<span class=\"_ _0\"></span> This amount<span class=\"_ _0\"></span> is then com<span class=\"_ _2b\"></span>pared to the carryi<span class=\"_ _0\"></span>ng amount</div>\n<div class=\"t m0 x7 h4f yb2a ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the cash<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generati<span class=\"_ _2\"></span>ng unit and an<span class=\"_ _2\"></span> impairment loss i<span class=\"_ _2\"></span>s recognised if <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recover<span class=\"_ _2b\"></span>able amount is l<span class=\"_ _0\"></span>ess tha<span class=\"_ _2b\"></span>n the carrying <span class=\"_ _0\"></span>amount.<span class=\"_ _0\"></span> Impairm<span class=\"_ _2b\"></span>ent losses</div>\n<div class=\"t m0 x7 h4f yb2c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are recogn<span class=\"_ _2\"></span>ised immed<span class=\"ws103\">iately in the inc<span class=\"_ _2\"></span>ome statement.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yb2d ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y962 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the event<span class=\"_ _0\"></span> of an impair<span class=\"_ _2b\"></span>ment loss, Ageas fi<span class=\"_ _0\"></span>rst reduc<span class=\"_ _0\"></span>es the carry<span class=\"_ _2b\"></span>ing</div>\n<div class=\"t m0 x7 h4f y963 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill all<span class=\"_ _0\"></span>ocated t<span class=\"_ _0\"></span>o the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span><span class=\"lse2\">generating<span class=\"_ _2\"></span> unit and then<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y964 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reduces t<span class=\"_ _0\"></span>he other ass<span class=\"_ _0\"></span>ets in the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generating un<span class=\"_ _2\"></span>it pro</span>-</span>rata on the</div>\n<div class=\"t m0 x7 h4f y965 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">basis of t<span class=\"_ _2b\"></span>he carrying a<span class=\"_ _0\"></span>mount of<span class=\"_ _0\"></span> each as<span class=\"_ _0\"></span>set in t<span class=\"_ _2b\"></span>he cash generat<span class=\"_ _0\"></span>ing un<span class=\"_ _0\"></span>it.</div>\n<div class=\"t m0 x7 h4f y966 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Previou<span class=\"_ _0\"></span>sly reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _2b\"></span>pairment losses r<span class=\"_ _0\"></span>elating t<span class=\"_ _0\"></span>o goodwil<span class=\"_ _0\"></span>l are not</div>\n<div class=\"t m0 x7 h4f y967 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reversed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 268px; width: 349px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 525px; width: 349px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 530px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 535px; width: 349px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y898 ffcf fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.7 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Lea<span class=\"_ _2\"></span>sed</span> <span class=\"lse0 wsef\">assets<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 y9b2 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas as a<span class=\"_ _2\"></span> lessor<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9b3 ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Assets leas<span class=\"_ _2\"></span>ed under an oper<span class=\"_ _2\"></span>ating lease are rec<span class=\"_ _2\"></span>orded on <span class=\"wsf1\">the<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y9b4 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of financial po<span class=\"_ _2\"></span>sition under \u2018investment prope<span class=\"_ _2\"></span>rty\u2019 (buildings) and</div>\n<div class=\"t m0 x7 h4f y9b5 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">\u2018prope<span class=\"_ _0\"></span>rty, plant<span class=\"_ _0\"></span> and equipme<span class=\"_ _2b\"></span>nt\u2019 (equipment an<span class=\"_ _0\"></span>d motor veh<span class=\"_ _0\"></span>icles). T<span class=\"_ _2b\"></span>hose</div>\n<div class=\"t m0 x7 h4f y9b6 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>re recorded at<span class=\"_ _0\"></span> cost less<span class=\"_ _2b\"></span> accumulated <span class=\"_ _0\"></span>depreci<span class=\"_ _0\"></span>ation.<span class=\"_ _0\"></span> Rental</div>\n<div class=\"t m0 x7 h4f y9b7 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income,<span class=\"_ _0\"></span> net of any inc<span class=\"_ _0\"></span>entives<span class=\"_ _0\"></span> given to less<span class=\"lse2 wsfa\">ees, is recognised on a<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9b8 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">straight<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">lin<span class=\"_ _0\"></span>e basis ov<span class=\"_ _2b\"></span>er the lease t<span class=\"_ _0\"></span>erm. Init<span class=\"_ _0\"></span>ial dire<span class=\"_ _2b\"></span>ct costs incur<span class=\"_ _2b\"></span>red by </span></span></div>\n<div class=\"t m0 x7 h4f y9b9 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas a<span class=\"_ _0\"></span>re added t<span class=\"_ _2b\"></span>o the carryin<span class=\"_ _0\"></span>g amount<span class=\"_ _0\"></span> of the l<span class=\"_ _0\"></span>eased a<span class=\"_ _0\"></span>sset and a<span class=\"_ _2b\"></span>re</div>\n<div class=\"t m0 x7 h4f y9ba ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as an<span class=\"_ _2b\"></span> expense over t<span class=\"_ _2b\"></span>he lease term o<span class=\"_ _0\"></span>n the sa<span class=\"_ _2b\"></span>me basis as the</div>\n<div class=\"t m0 x7 h4f y9bb ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rental inc<span class=\"_ _2b\"></span>ome.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d4 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d5 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">also entere<span class=\"_ _0\"></span>d into fi<span class=\"_ _0\"></span>nance l<span class=\"_ _0\"></span>ease tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _2b\"></span>ns, in which </span></span></div>\n<div class=\"t m0 x7 h4f y8d6 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">substant<span class=\"_ _2b\"></span>ially all the risks an<span class=\"_ _0\"></span>d rewards re<span class=\"_ _0\"></span>lated to ow<span class=\"_ _0\"></span>nershi<span class=\"_ _2b\"></span>p <span class=\"_ _2\"></span>of the le<span class=\"_ _2b\"></span>ased</div>\n<div class=\"t m0 x7 h4f y8d7 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets, <span class=\"_ _0\"></span>other t<span class=\"_ _0\"></span>han the l<span class=\"_ _0\"></span>egal tit<span class=\"_ _0\"></span>le, are t<span class=\"_ _2b\"></span>ransferred t<span class=\"_ _0\"></span>o the <span class=\"lse2 wsf1\">lessee<span class=\"lsf4 ws114\">. Assets </span></span></div>\n<div class=\"t m0 x1a h4f y8d8 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">leased u<span class=\"_ _0\"></span>nder a f<span class=\"_ _0\"></span>inance l<span class=\"_ _0\"></span>ease ar<span class=\"_ _0\"></span>e present<span class=\"_ _2b\"></span>ed as a rec<span class=\"wsf0\">eiv<span class=\"_ _0\"></span>able at an </span></div>\n<div class=\"t m0 x1a h4f y8d9 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount e<span class=\"_ _2b\"></span>qual to the net <span class=\"_ _2b\"></span>investment in<span class=\"_ _0\"></span> the leas<span class=\"_ _0\"></span>e. The n<span class=\"_ _0\"></span>et invest<span class=\"_ _2b\"></span>ment in</div>\n<div class=\"t m0 x1a h4f y9bc ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the leas<span class=\"_ _0\"></span>e compr<span class=\"_ _0\"></span>ises th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>e of the l<span class=\"_ _2b\"></span>ease payments<span class=\"_ _0\"></span> and any<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y9bd ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value <span class=\"_ _0\"></span>guarant<span class=\"_ _0\"></span>ee. Th<span class=\"_ _0\"></span>e differe<span class=\"_ _2b\"></span>nce between th<span class=\"_ _2b\"></span>e asset and th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y9be ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value of<span class=\"_ _0\"></span> the rec<span class=\"_ _0\"></span>eivabl<span class=\"_ _0\"></span>e is r<span class=\"wsf0\">ecog<span class=\"_ _2b\"></span>nised as unearned f<span class=\"_ _0\"></span>inance </span></div>\n<div class=\"t m0 x1a h4f y9bf ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">income. Finance<span class=\"_ _2\"></span> income is recognised over<span class=\"_ _2\"></span> the term of the lease based</div>\n<div class=\"t m0 x1a h4f y9c0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on a patter<span class=\"_ _0\"></span>n reflect<span class=\"_ _0\"></span>ing a consta<span class=\"_ _0\"></span>nt period<span class=\"_ _2b\"></span>ic rate of return on th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y9c1 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding net <span class=\"_ _0\"></span>invest<span class=\"_ _2b\"></span>ment in the fin<span class=\"_ _0\"></span>ance le<span class=\"_ _0\"></span>ase. Init<span class=\"_ _2b\"></span>ial direct cost<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f y97e ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d by Ageas ar<span class=\"lse2 wsfa\">e included in the i<span class=\"_ _2\"></span>nitial measurement o<span class=\"_ _2\"></span>f the net </span></div>\n<div class=\"t m0 x1a h4f y97f ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent in the lease and redu<span class=\"_ _2b\"></span>ce the amount of inc<span class=\"_ _0\"></span>ome recog<span class=\"_ _0\"></span>nised</div>\n<div class=\"t m0 x1a h4f y980 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">over th<span class=\"_ _0\"></span>e lease t<span class=\"_ _0\"></span>erm.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 ycb4 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas as a<span class=\"_ _2\"></span> lessee<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycb5 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas l<span class=\"_ _0\"></span>eases lan<span class=\"_ _2b\"></span>d, buildings, e<span class=\"_ _2b\"></span>quipment an<span class=\"_ _0\"></span>d motor ve<span class=\"_ _2b\"></span>hicles. The l<span class=\"_ _0\"></span>ease</div>\n<div class=\"t m0 x1a h4f ycb6 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">terms are n<span class=\"_ _0\"></span>egotiat<span class=\"_ _2b\"></span>ed on an individual<span class=\"_ _0\"></span> basis and cont<span class=\"_ _0\"></span>ain a wide ran<span class=\"_ _0\"></span>ge of</div>\n<div class=\"t m0 x1a h4f ycb7 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">different term<span class=\"_ _2\"></span>s and conditions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y985 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y986 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A <span class=\"lse2 ws103\">si<span class=\"_ _2\"></span>ngle measurement model applie<span class=\"_ _2\"></span>s to assets leased under bot<span class=\"_ _2\"></span>h </span></div>\n<div class=\"t m0 x1a h4f y987 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operating and f<span class=\"_ _2\"></span>inance lease transactions, re<span class=\"_ _2\"></span>sulting in the recognition of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y988 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a right<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">use asset and a leas<span class=\"_ _2b\"></span>e liability.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y989 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y98a ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liability com<span class=\"_ _0\"></span>prises t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _2b\"></span>e of followin<span class=\"_ _0\"></span>g lease</div>\n<div class=\"t m0 x1a h4f y98b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s that a<span class=\"_ _0\"></span>re not p<span class=\"_ _0\"></span>aid at t<span class=\"_ _0\"></span>he comme<span class=\"_ _0\"></span>ncement<span class=\"_ _0\"></span> date, <span class=\"_ _0\"></span>includi<span class=\"_ _0\"></span>ng leas<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y98c ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s to be made u<span class=\"_ _0\"></span>nder reaso<span class=\"_ _2b\"></span>nably certain exte<span class=\"_ _2b\"></span>nsion options:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98d ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 ws103\">F<span class=\"_ _2\"></span>ixed payments (including in</span><span class=\"ffcf\">-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">substance fixed pa<span class=\"_ _2\"></span>yments) <span class=\"ws103\">less any </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y98e ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease incentiv<span class=\"_ _2\"></span>es receivable;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98f ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 wsfa\">Va<span class=\"_ _2\"></span>riable lease paym<span class=\"_ _2\"></span>ents that depend <span class=\"_ _2\"></span>on an index or<span class=\"_ _2\"></span> a rate, initiall<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x6c h4f y990 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d using th<span class=\"_ _0\"></span>e index or rate as<span class=\"_ _0\"></span> at the comm<span class=\"_ _0\"></span>encement<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>dat<span class=\"_ _0\"></span>e;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y991 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Amounts expect<span class=\"_ _0\"></span>ed to be payab<span class=\"_ _2b\"></span>le by Ageas under res<span class=\"_ _0\"></span>idual va<span class=\"_ _0\"></span>lue </span></span></div>\n<div class=\"t m0 x6c h4f y992 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">guarantees;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y993 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">The exercise p<span class=\"lse2 wsfa\">rice of a purchas<span class=\"_ _2\"></span>e option if Ageas<span class=\"_ _2\"></span> is reasonably </span></span></span></div>\n<div class=\"t m0 x6c h4f y994 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n to exercis<span class=\"_ _0\"></span>e that opt<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f y995 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 ws103\">Pa<span class=\"_ _2\"></span>yments of penalties for<span class=\"_ _2\"></span> terminating the lease, if the<span class=\"_ _2\"></span> lease term </span></span></div>\n<div class=\"t m0 x6c h4f y996 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflects<span class=\"_ _0\"></span> Ageas exe<span class=\"_ _0\"></span>rcisin<span class=\"_ _0\"></span>g that optio<span class=\"_ _0\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y997 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c8 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liability is<span class=\"_ _0\"></span> discount<span class=\"_ _2b\"></span>ed applying th<span class=\"_ _0\"></span>e intere<span class=\"_ _2b\"></span>st rate implic<span class=\"_ _0\"></span>it in the<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y9c9 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease. If that ra<span class=\"_ _2\"></span>te cannot be readily determi<span class=\"_ _2\"></span>ned, <span class=\"wsf1\">Ageas's <span class=\"lse0 wsef\">increment<span class=\"_ _0\"></span>al </span></span></div>\n<div class=\"t m0 x1a h4f y9ca ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowing r<span class=\"_ _2\"></span>ate is applied. A<span class=\"_ _2\"></span>s incremental borro<span class=\"_ _2\"></span>wing rate, Ageas<span class=\"_ _2\"></span> applies</div>\n<div class=\"t m0 x1a h4f y9cb ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a globa<span class=\"_ _0\"></span>l availa<span class=\"_ _0\"></span>ble comp<span class=\"_ _0\"></span>osite cu<span class=\"_ _0\"></span>rve, whic<span class=\"_ _2b\"></span>h is based on a <span class=\"_ _0\"></span>sample of</div>\n<div class=\"t m0 x1a h4f y9cc ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">existing secondar<span class=\"_ _2\"></span>y bonds from fina<span class=\"lse0 wsf0\">ncial issu<span class=\"_ _0\"></span>ers in the A rang<span class=\"_ _2b\"></span>e, </span></div>\n<div class=\"t m0 x1a h4f y9cd ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed by a risk premium. F<span class=\"_ _0\"></span>or car parks<span class=\"_ _0\"></span>, a risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">free rate equal to the<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f y9ce ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate swap f<span class=\"_ _0\"></span>or a similar du<span class=\"_ _0\"></span>ration,<span class=\"_ _0\"></span> increase<span class=\"_ _2b\"></span>d by a risk premium, is</div>\n<div class=\"t m0 x1a h4f y9cf ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">applied. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9d0 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d1 ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The carryin<span class=\"_ _2\"></span>g amount of the<span class=\"_ _2\"></span> lease liability s<span class=\"_ _2\"></span>ubsequently increases<span class=\"_ _2\"></span> <span class=\"lsf4 ws10c\">to </span></div>\n<div class=\"t m0 x1a h4f y9d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reflect i<span class=\"_ _2b\"></span>nterest on the <span class=\"_ _0\"></span>lease l<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> and red<span class=\"_ _2b\"></span>uces to reflect<span class=\"_ _2b\"></span> the lease</div>\n<div class=\"t m0 x1a h4f y9d3 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s made. The l<span class=\"_ _0\"></span>ease liabi<span class=\"_ _2b\"></span>lity is remeasur<span class=\"_ _0\"></span>ed in order to r<span class=\"_ _2b\"></span>eflect</div>\n<div class=\"t m0 x1a h4f y9d4 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease mod<span class=\"_ _2b\"></span>ifications or chan<span class=\"_ _2b\"></span>ges in the lease payme<span class=\"_ _0\"></span>nts, inc<span class=\"_ _0\"></span>luding a</div>\n<div class=\"t m0 x1a h4f y9d5 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">change i<span class=\"_ _0\"></span>n an inde<span class=\"_ _2b\"></span>x or a rate use<span class=\"_ _0\"></span>d to dete<span class=\"_ _0\"></span>rmin<span class=\"wsf0\">e thos<span class=\"_ _2b\"></span>e payments. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 766px; width: 349px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 247px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 349px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 252px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>erest on t<span class=\"_ _2b\"></span>he lease lia<span class=\"_ _0\"></span>bility i<span class=\"_ _0\"></span>n each per<span class=\"_ _2b\"></span>iod represent<span class=\"_ _0\"></span>s the amo<span class=\"_ _2b\"></span>unt</div>\n<div class=\"t m0 x7 h4f y803 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that pr<span class=\"_ _0\"></span>oduces a c<span class=\"_ _2b\"></span>onstant perio<span class=\"_ _2b\"></span>dic rate of int<span class=\"_ _0\"></span>erest o<span class=\"_ _0\"></span>n the rem<span class=\"_ _0\"></span>aining</div>\n<div class=\"t m0 x7 h4f y804 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">balance of<span class=\"_ _0\"></span> the lease li<span class=\"_ _2b\"></span>ability. The inte<span class=\"_ _0\"></span>rest on the le<span class=\"_ _0\"></span>ase <span class=\"ls106 ws115\">liabi<span class=\"_ _0\"></span>lity is </span></div>\n<div class=\"t m0 x7 h4f y805 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent, together <span class=\"_ _0\"></span>with th<span class=\"_ _0\"></span>e varia<span class=\"_ _0\"></span>ble leas<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y806 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s not inclu<span class=\"_ _0\"></span>ded in the meas<span class=\"_ _2b\"></span>urement of the leas<span class=\"_ _2b\"></span>e liability in the</div>\n<div class=\"t m0 x7 h4f y807 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period in<span class=\"_ _2\"></span> which the event or<span class=\"_ _2\"></span> condition that <span class=\"_ _2\"></span>triggers those p<span class=\"_ _2\"></span>ayments</div>\n<div class=\"t m0 x7 h4f y808 ffd4 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">occurs.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The right<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse1 ws11d\">use asset is <span class=\"_ _2\"></span><span class=\"ls102\">initially <span class=\"lse0 wsfa\">measured at c<span class=\"_ _2b\"></span>ost and compri<span class=\"_ _0\"></span>ses the </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y80b ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">initial l<span class=\"_ _2b\"></span>ease liability<span class=\"_ _2b\"></span> recognised, <span class=\"_ _0\"></span>adjusted <span class=\"_ _0\"></span>for any<span class=\"_ _0\"></span> lease p<span class=\"_ _0\"></span>ayments<span class=\"_ _0\"></span> made</div>\n<div class=\"t m0 x7 h4f y80c ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at or befor<span class=\"_ _0\"></span>e the comme<span class=\"_ _0\"></span>ncement<span class=\"_ _0\"></span> of the lease, any<span class=\"_ _0\"></span> lease ince<span class=\"_ _2b\"></span>ntives</div>\n<div class=\"t m0 x7 h4f y80d ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d, <span class=\"_ _2\"></span>any i<span class=\"_ _2b\"></span>nitial direct costs<span class=\"_ _0\"></span> incurr<span class=\"_ _0\"></span>ed by Ageas an<span class=\"_ _0\"></span>d an estim<span class=\"_ _0\"></span>ate of</div>\n<div class=\"t m0 x7 h4f y80e ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">t<span class=\"lse0 wsfa\">he costs t<span class=\"_ _0\"></span>o be inc<span class=\"_ _0\"></span>urred in <span class=\"_ _0\"></span>dismant<span class=\"_ _0\"></span>ling an<span class=\"_ _0\"></span>d removi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nderly<span class=\"_ _0\"></span>ing </span></div>\n<div class=\"t m0 x7 h4f y80f ffd4 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">asset. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y810 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90a ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subsequently,<span class=\"_ _2\"></span> the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsf0\">use asset is meas<span class=\"_ _0\"></span>ured at cost<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>less<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y90b ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accumu<span class=\"_ _0\"></span>lated dep<span class=\"_ _0\"></span>reciat<span class=\"_ _0\"></span>ion and any i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent losses.<span class=\"_ _0\"></span> The right<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsef\">use </span></span></div>\n<div class=\"t m0 x7 h4f y90c ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">asset is<span class=\"_ _0\"></span> deprec<span class=\"_ _0\"></span>iated o<span class=\"_ _0\"></span>n a strai<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">line basis over the s<span class=\"_ _0\"></span>horter of t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y90d ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset\u2019s<span class=\"_ _0\"></span> useful lif<span class=\"_ _0\"></span>e and the leas<span class=\"_ _0\"></span>e term. Simi<span class=\"_ _0\"></span>lar to othe<span class=\"_ _0\"></span>r non<span class=\"ls0 ws0\">-</span><span class=\"wsef\">financ<span class=\"_ _2b\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y90e ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets, a ri<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">use asset is impaired when<span class=\"_ _2\"></span> its carrying amount </span></span></span></div>\n<div class=\"t m0 x7 h4f y90f ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">exceeds it<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">recov<span class=\"_ _0\"></span>erable a<span class=\"_ _0\"></span>mount. Th<span class=\"_ _0\"></span>e depreci<span class=\"_ _0\"></span>ation of the ri<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">us<span class=\"_ _2\"></span>e </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y910 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset and r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion of any<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">imp<span class=\"_ _0\"></span>airment<span class=\"_ _0\"></span> loss is <span class=\"_ _0\"></span>recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y911 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y912 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y913 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In case of<span class=\"_ _2b\"></span> remeasurem<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e lease l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>y<span class=\"ls0 ws0\">, </span><span class=\"wsf0\">to reflect leas<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y914 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">modification<span class=\"_ _2\"></span>s or changes in the lease payment<span class=\"_ _2\"></span>s, the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsf0\">use asset is </span></span></div>\n<div class=\"t m0 x7 h4f y915 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed for this<span class=\"_ _0\"></span> reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y916 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y917 ffd4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">measurement<span class=\"_ _0\"></span> model abo<span class=\"_ _0\"></span>ve is not app<span class=\"_ _0\"></span>lied to leas<span class=\"_ _0\"></span>es of asset<span class=\"_ _0\"></span> that are </span></div>\n<div class=\"t m0 x7 h4f y918 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of low v<span class=\"_ _0\"></span>alue to A<span class=\"_ _0\"></span>geas or t<span class=\"_ _2b\"></span>o short<span class=\"ls0 ws0\">-</span>term leas<span class=\"_ _0\"></span>es, of wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e lease t<span class=\"_ _0\"></span>erm at</div>\n<div class=\"t m0 x7 h4f y919 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">commenc<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> the lea<span class=\"_ _0\"></span>se is 12 m<span class=\"_ _2b\"></span>onths or less. F<span class=\"_ _2b\"></span>or those leas<span class=\"_ _0\"></span>es, the</div>\n<div class=\"t m0 x7 h4f y91a ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease paym<span class=\"_ _2b\"></span>ents made are rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d as an expe<span class=\"wsfa\">ns<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e income </span></div>\n<div class=\"t m0 x7 h4f y91b ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt on a <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>raight<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">lin<span class=\"_ _0\"></span>e basis ov<span class=\"_ _2b\"></span>er the lease t<span class=\"_ _0\"></span>erm<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 514px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 519px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 524px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x7 h55 y968 ffd6 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Cash flo<span class=\"_ _0\"></span>w statem<span class=\"_ _2b\"></span>ent<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y969 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Lease paym<span class=\"_ _2b\"></span>ents are present<span class=\"_ _0\"></span>ed as cash fl<span class=\"_ _0\"></span>ows from op<span class=\"_ _0\"></span>erating act<span class=\"_ _2b\"></span>ivities in</div>\n<div class=\"t m0 x7 h4f y96a ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cons<span class=\"_ _0\"></span>olidate<span class=\"_ _2b\"></span>d cash flow st<span class=\"_ _0\"></span>atement,<span class=\"_ _0\"></span> as part <span class=\"_ _0\"></span>of \u2018borr<span class=\"_ _0\"></span>owings\u2019.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 520px; height: 51px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y89b ffd4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.8 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Loan<span class=\"_ _2\"></span>s</span> </span></div>\n<div class=\"t m0 x7 h4f y89c ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans to ba<span class=\"_ _0\"></span>nks<span class=\"wsfa\">, lo<span class=\"_ _0\"></span>ans to gov<span class=\"_ _2b\"></span>ernments and l<span class=\"_ _0\"></span>oans to c<span class=\"_ _0\"></span>ustome<span class=\"_ _0\"></span>rs incl<span class=\"_ _0\"></span>ude </span></div>\n<div class=\"t m0 x7 h4f y89d ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">loans originat<span class=\"_ _2\"></span>ed by Ageas by providing money<span class=\"_ _2\"></span> directly to the borrower or<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y89e ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to a sub<span class=\"ls0 ws0\">-</span>partici<span class=\"_ _2b\"></span>pation agent. Tho<span class=\"_ _0\"></span>se loans<span class=\"_ _0\"></span> are measur<span class=\"_ _0\"></span>ed at amort<span class=\"_ _0\"></span>ised</div>\n<div class=\"t m0 x7 h4f y89f ffd4 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">cost. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a0 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a1 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Debt sec<span class=\"_ _2b\"></span>urities acquir<span class=\"_ _2b\"></span>ed on the primar<span class=\"_ _2b\"></span>y market direct<span class=\"_ _2b\"></span>ly from the iss<span class=\"_ _2b\"></span>uer</div>\n<div class=\"t m0 x7 h4f y8a2 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are reco<span class=\"_ _0\"></span>rded as <span class=\"_ _0\"></span>loans, p<span class=\"_ _2b\"></span>rovided ther<span class=\"_ _0\"></span>e is no act<span class=\"_ _2b\"></span>ive market for t<span class=\"_ _2b\"></span>hose</div>\n<div class=\"t m0 x7 h4f y8a3 ffd4 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">securities. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2e ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2f ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans th<span class=\"_ _0\"></span>at are orig<span class=\"_ _0\"></span>inated or pu<span class=\"_ _0\"></span>rchase<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h the intent t<span class=\"_ _0\"></span>o be sold or</div>\n<div class=\"t m0 x7 h4f yb30 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ised in t<span class=\"_ _0\"></span>he short<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">term are classified as<span class=\"_ _2\"></span> assets held for trading.<span class=\"_ _2\"></span> </span> </span></div>\n<div class=\"t m0 x1a h4f y977 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Loans that <span class=\"lse0 wsf0\">are designat<span class=\"_ _0\"></span>ed as held at fai<span class=\"_ _0\"></span>r value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss or </span></div>\n<div class=\"t m0 x1a h4f y978 ffd4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-<span class=\"lse0 wsf0\">sale are classi<span class=\"_ _0\"></span>fied as suc<span class=\"_ _0\"></span>h <span class=\"lse2 wsf1\">on <span class=\"ls106 ws10c\">initial recognit<span class=\"_ _2b\"></span>ion. <span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y979 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y97a ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Loan com<span class=\"_ _0\"></span>mitme<span class=\"_ _0\"></span>nts that<span class=\"_ _0\"></span> allow fo<span class=\"_ _2b\"></span>r a drawdown of <span class=\"_ _2b\"></span>a loan within t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y97b ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">timefra<span class=\"_ _0\"></span>me gene<span class=\"_ _0\"></span>rally est<span class=\"_ _2b\"></span>ablished by r<span class=\"_ _0\"></span>egulati<span class=\"_ _2b\"></span>on or convent<span class=\"_ _0\"></span>ion in th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y97c ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market<span class=\"_ _0\"></span>place ar<span class=\"_ _0\"></span>e not rec<span class=\"_ _0\"></span>ognise<span class=\"_ _2b\"></span>d in the statem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _2b\"></span>nancial posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97d ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb32 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Increm<span class=\"_ _0\"></span>ental cos<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>urred an<span class=\"_ _2b\"></span>d loan originati<span class=\"_ _2b\"></span>on fees earn<span class=\"_ _0\"></span>ed in sec<span class=\"_ _0\"></span>uring</div>\n<div class=\"t m0 x1a h4f yb33 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">a loan are def<span class=\"_ _0\"></span>erred<span class=\"_ _0\"></span> and amortise<span class=\"_ _2b\"></span>d over the life of the loa<span class=\"_ _0\"></span>n, as an</div>\n<div class=\"t m0 x1a h4f yb34 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ment to t<span class=\"_ _0\"></span>he yiel<span class=\"_ _2b\"></span>d.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 y981 ffd6 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments on<span class=\"_ _2\"></span> <span class=\"wsf1\">loans<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y982 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A credit risk for<span class=\"_ _2\"></span> a specific loan impairment<span class=\"_ _2\"></span> is established if there is</div>\n<div class=\"t m0 x1a h4f y983 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve evidenc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>tha<span class=\"_ _0\"></span>t Ageas wil<span class=\"_ _0\"></span>l not be able to col<span class=\"_ _0\"></span>lect all am<span class=\"_ _0\"></span>ounts du<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y984 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in accor<span class=\"_ _2b\"></span>dance with th<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>tual ter<span class=\"_ _2b\"></span>ms. The amount <span class=\"_ _0\"></span>of the i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f y9c2 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is the di<span class=\"_ _2\"></span>fference <span class=\"ws103\">between the<span class=\"_ _2\"></span> carrying amount and the recoverabl<span class=\"_ _2\"></span>e </span></div>\n<div class=\"t m0 x1a h4f y9c3 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount,<span class=\"_ _0\"></span> being t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of ex<span class=\"_ _0\"></span>pected c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws or, a<span class=\"_ _0\"></span>lternativ<span class=\"_ _2b\"></span>ely,</div>\n<div class=\"t m0 x1a h4f y9c4 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the collateral<span class=\"_ _2\"></span> value less costs to sell if the<span class=\"_ _2\"></span> loan is secured.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c5 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c6 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An \u2018incurred bu<span class=\"_ _2\"></span>t not reported\u2019 (IBNR) impai<span class=\"_ _2\"></span>rment on loans is recorded<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">when there is<span class=\"_ _2\"></span> objective evidence<span class=\"ls0 ws0\"> </span>tha<span class=\"_ _2\"></span>t incurred losses are present<span class=\"_ _2\"></span> in</div>\n<div class=\"t m0 x1a h4f ycb9 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compone<span class=\"_ _0\"></span>nts of the lo<span class=\"_ _0\"></span>an portf<span class=\"_ _0\"></span>olio, with<span class=\"_ _0\"></span>out havin<span class=\"_ _0\"></span>g specific<span class=\"_ _2b\"></span>ally identified</div>\n<div class=\"t m0 x1a h4f ycba ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impaire<span class=\"_ _0\"></span>d loans. Th<span class=\"_ _0\"></span>is impair<span class=\"_ _2b\"></span>ment is estimated b<span class=\"_ _0\"></span>ased upon<span class=\"_ _0\"></span> historica<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x1a h4f ycbb ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">patter<span class=\"_ _0\"></span>ns of loss<span class=\"_ _2b\"></span>es in each comp<span class=\"_ _0\"></span>onent,<span class=\"_ _0\"></span> reflecti<span class=\"_ _0\"></span>ng the c<span class=\"_ _0\"></span>urrent<span class=\"_ _0\"></span> econom<span class=\"_ _0\"></span>ic</div>\n<div class=\"t m0 x1a h4f ycbc ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">climate <span class=\"_ _0\"></span>in which t<span class=\"_ _2b\"></span>he borrowers <span class=\"_ _0\"></span>operat<span class=\"_ _0\"></span>e and tak<span class=\"_ _0\"></span>ing int<span class=\"_ _0\"></span>o accou<span class=\"_ _0\"></span>nt the ri<span class=\"_ _0\"></span>sk</div>\n<div class=\"t m0 x1a h4f ycbd ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of diffic<span class=\"_ _0\"></span>ulties in se<span class=\"_ _2b\"></span>rvicing extern<span class=\"_ _0\"></span>al debt in so<span class=\"_ _0\"></span>me foreig<span class=\"_ _0\"></span>n countri<span class=\"_ _0\"></span>es based</div>\n<div class=\"t m0 x1a h4f ycbe ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on an assess<span class=\"_ _2b\"></span>ment of the politica<span class=\"_ _0\"></span>l and econo<span class=\"_ _0\"></span>mic situ<span class=\"_ _0\"></span>ation.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbf ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc0 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments are<span class=\"_ _2\"></span> recorded a<span class=\"lse0 wsfa\">s a decr<span class=\"_ _2b\"></span>ease in the car<span class=\"_ _0\"></span>rying v<span class=\"_ _0\"></span>alue of \u2018<span class=\"_ _0\"></span>loans </span></div>\n<div class=\"t m0 x1a h4f ycc1 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to banks\u2019 an<span class=\"_ _0\"></span>d \u2018loans to cus<span class=\"_ _0\"></span>tomers<span class=\"_ _2b\"></span>\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc2 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc3 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Impairm<span class=\"_ _2b\"></span>ents on loan com<span class=\"_ _2b\"></span>mitments rec<span class=\"_ _0\"></span>orded off t<span class=\"_ _2b\"></span>he statement<span class=\"_ _0\"></span> of</div>\n<div class=\"t m0 x1a h4f ycc4 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">financial p<span class=\"_ _2\"></span>osition are classi<span class=\"_ _2\"></span>fied under \u2018provision<span class=\"_ _2\"></span>s\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc5 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc6 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When a spec<span class=\"_ _0\"></span>ific loan is i<span class=\"_ _0\"></span>dentifi<span class=\"_ _0\"></span>ed as uncol<span class=\"_ _0\"></span>lectibl<span class=\"_ _2b\"></span>e and a<span class=\"lse2 wsfa\">ll <span class=\"_ _2\"></span>legal and </span></div>\n<div class=\"t m0 x1a h4f ycc7 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">proced<span class=\"_ _0\"></span>ural acti<span class=\"_ _0\"></span>ons have be<span class=\"_ _0\"></span>en exhaus<span class=\"_ _0\"></span>ted, the lo<span class=\"_ _0\"></span>an is writt<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">off agains<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f ycc8 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the related charg<span class=\"_ _2\"></span>e for impairment; subsequen<span class=\"_ _2\"></span>t recoveries are credited to<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f ycc9 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">change i<span class=\"_ _0\"></span>n impai<span class=\"_ _0\"></span>rment in t<span class=\"_ _2b\"></span>he income stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 425px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 603px; width: 354px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 193px; width: 354px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yb31 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9cc ffd4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.9 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Reins<span class=\"_ _2\"></span>urance and</span> <span class=\"lse0 wsf0\">other receiva<span class=\"_ _0\"></span>bles<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 y99d ffd6 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y99e ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas assumes<span class=\"_ _2\"></span> and/or cedes r<span class=\"_ _2\"></span>einsurance in the<span class=\"_ _2\"></span> normal course o<span class=\"_ _2\"></span>f</div>\n<div class=\"t m0 x1a h4f y99f ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span>. Reins<span class=\"_ _0\"></span>urance rec<span class=\"_ _2b\"></span>eivables princi<span class=\"_ _2b\"></span>pally include bal<span class=\"_ _0\"></span>ances due</div>\n<div class=\"t m0 x1a h4f y9a0 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">from both i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>and re<span class=\"_ _0\"></span>insura<span class=\"_ _0\"></span>nce comp<span class=\"_ _0\"></span>anies for c<span class=\"_ _0\"></span>eded insur<span class=\"_ _0\"></span>ance</div>\n<div class=\"t m0 x1a h4f y9a1 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities.<span class=\"_ _2\"></span> Amounts recoverable <span class=\"_ _2\"></span>from or due to<span class=\"_ _2\"></span> reinsurers <span class=\"lse0 wsf0\">are estimat<span class=\"_ _0\"></span>ed </span></div>\n<div class=\"t m0 x1a h4f y9a2 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in a man<span class=\"_ _0\"></span>ner cons<span class=\"_ _0\"></span>istent w<span class=\"_ _2b\"></span>ith the amount<span class=\"_ _0\"></span>s assoc<span class=\"_ _0\"></span>iated w<span class=\"_ _0\"></span>ith th<span class=\"_ _0\"></span>e reinsu<span class=\"_ _0\"></span>red</div>\n<div class=\"t m0 x1a h4f ycca ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span> and in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h the reins<span class=\"_ _0\"></span>urance co<span class=\"_ _0\"></span>ntract.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yccb ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yccc ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Reinsurance i<span class=\"_ _2\"></span>s presented on the statement<span class=\"_ _2\"></span> of financial position on a</div>\n<div class=\"t m0 x1a h4f yccd ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">gross bas<span class=\"_ _2b\"></span>is<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span><span class=\"wsf0\">unles<span class=\"_ _0\"></span>s a right to offs<span class=\"_ _2b\"></span>et exist<span class=\"lse1\">s.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other rece<span class=\"_ _2b\"></span>ivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Other re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _2b\"></span>es arising from<span class=\"_ _0\"></span> the no<span class=\"_ _0\"></span>rmal cou<span class=\"_ _0\"></span>rse of bus<span class=\"_ _2b\"></span>iness and</div>\n<div class=\"t m0 x7 h4f y804 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">origin<span class=\"_ _0\"></span>ated by Agea<span class=\"_ _0\"></span>s are initia<span class=\"_ _0\"></span>lly reco<span class=\"_ _0\"></span>rded at fair v<span class=\"_ _0\"></span>alue and sub<span class=\"_ _0\"></span>sequent<span class=\"_ _2b\"></span>ly</div>\n<div class=\"t m0 x7 h4f y805 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at amort<span class=\"_ _0\"></span>ised cost us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _2b\"></span>ective interest met<span class=\"_ _2b\"></span>hod,<span class=\"ls0 ws0\"> </span><span class=\"lse1\">less </span></div>\n<div class=\"t m0 x7 h4f y806 ffd8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ents.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 83px; width: 346px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f yc7b ffd8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.10<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span>Deferred<span class=\"_ _2\"></span> acquisition<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse1 ws11d\">costs (DAC)</span> </span></div>\n<div class=\"t m0 x7 h55 yc7c ffda fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7d ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The costs of<span class=\"_ _0\"></span> new and rene<span class=\"_ _2b\"></span>wed insurance bus<span class=\"_ _0\"></span>iness, al<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>of whic<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>var<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x7 h4f yc7e ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with and pri<span class=\"_ _2b\"></span>marily are related t<span class=\"_ _0\"></span>o the produc<span class=\"_ _0\"></span>tion of new<span class=\"_ _0\"></span> business<span class=\"_ _0\"></span>, are</div>\n<div class=\"t m0 x7 h4f yc7f ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deferre<span class=\"_ _0\"></span>d and amort<span class=\"_ _2b\"></span>ised, resulting in <span class=\"ls0 ws0\">d<span class=\"lse2 wsf1\">eferred </span>a<span class=\"lsfb wsfa\">cqu<span class=\"_ _2\"></span>is<span class=\"ls106 ws124\">ition </span></span>c<span class=\"lsf4 ws114\">osts (DAC). </span></span></div>\n<div class=\"t m0 x7 h4f yc80 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">DAC princ<span class=\"_ _0\"></span>ipally in<span class=\"_ _0\"></span>cludes c<span class=\"_ _0\"></span>ommiss<span class=\"_ _0\"></span>ions, und<span class=\"_ _0\"></span>erwriti<span class=\"_ _0\"></span>ng, agenc<span class=\"_ _0\"></span>y and policy<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yc81 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issue exp<span class=\"_ _0\"></span>enses. The m<span class=\"_ _2b\"></span>ethod for amortisat<span class=\"_ _2b\"></span>ion is based on expect<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f yc82 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earned pre<span class=\"_ _2b\"></span>mium or estimated g<span class=\"_ _2b\"></span>ross profit margin<span class=\"_ _0\"></span>s. DAC are per<span class=\"_ _2b\"></span>iodically</div>\n<div class=\"t m0 x7 h4f yc83 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reviewe<span class=\"_ _2b\"></span>d to ensure thei<span class=\"_ _2b\"></span>r recove<span class=\"lse2 ws103\">rability based on es<span class=\"_ _2\"></span>timates of future </span></div>\n<div class=\"t m0 x7 h4f yc84 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">profits of<span class=\"_ _0\"></span> the under<span class=\"_ _0\"></span>lying cont<span class=\"_ _0\"></span>racts. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yccf ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in pr<span class=\"_ _0\"></span>oportio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>to ant<span class=\"_ _2b\"></span>icipated premiu<span class=\"_ _0\"></span>ms<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycd0 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For life ins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment <span class=\"lse2 wsf1\">products<span class=\"wsfa\">, both wit<span class=\"_ _2\"></span>hout Discretionary </span></span></div>\n<div class=\"t m0 x7 h4f ycd1 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span>eatures, DAC<span class=\"_ _0\"></span> is amort<span class=\"_ _2b\"></span>ised in proport<span class=\"_ _2b\"></span>ion to <span class=\"wsf0\">the antic<span class=\"_ _0\"></span>ipated </span></div>\n<div class=\"t m0 x7 h4f ycd2 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms. Assum<span class=\"_ _0\"></span>ptions as t<span class=\"_ _0\"></span>o anticipa<span class=\"_ _2b\"></span>ted premiums are est<span class=\"_ _2b\"></span>imated at the</div>\n<div class=\"t m0 x7 h4f ycd3 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of pol<span class=\"_ _0\"></span>icy issuanc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d are consis<span class=\"_ _2b\"></span>tently applied du<span class=\"_ _0\"></span>ring the lif<span class=\"_ _0\"></span>e of the</div>\n<div class=\"t m0 x7 h4f y9a4 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s. Deviations f<span class=\"_ _0\"></span>rom estim<span class=\"_ _0\"></span>ated exper<span class=\"_ _2b\"></span>ience are reflect<span class=\"_ _0\"></span>ed in the</div>\n<div class=\"t m0 x7 h4f y9a5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement in the peri<span class=\"_ _0\"></span>od such devi<span class=\"_ _0\"></span>ations oc<span class=\"_ _0\"></span>cur. For thes<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y9a6 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts, DAC i<span class=\"_ _2\"></span>s generally amortised for<span class=\"_ _2\"></span> the total life of the policy.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ycd4 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in lin<span class=\"_ _2b\"></span>e with Estimated Gr<span class=\"_ _2b\"></span>oss Profit (EGP) m<span class=\"_ _0\"></span>argin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycd5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For life ins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">products<span class=\"wsfa\">, both wi<span class=\"_ _2\"></span>th Discretionary </span></span></span></div>\n<div class=\"t m0 x7 h4f ycd6 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">ea<span class=\"_ _2\"></span>tures, DAC is amortised over the<span class=\"_ _2\"></span> expected life of the </span></div>\n<div class=\"t m0 x7 h4f ycd7 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>bas<span class=\"_ _2b\"></span>ed on the present val<span class=\"_ _0\"></span>ue of the estim<span class=\"_ _0\"></span>ated gross<span class=\"_ _0\"></span> profit</div>\n<div class=\"t m0 x7 h4f ycd8 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">margin or p<span class=\"_ _0\"></span>rofit amou<span class=\"_ _0\"></span>nts using t<span class=\"_ _0\"></span>he expect<span class=\"_ _0\"></span>ed invest<span class=\"_ _0\"></span>ment yie<span class=\"_ _0\"></span>ld. Estim<span class=\"_ _2b\"></span>ated</div>\n<div class=\"t m0 x7 h4f ycd9 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">gross profit<span class=\"_ _2\"></span> margin includes anticipated<span class=\"_ _2\"></span> premiums and investm<span class=\"lse0 wsf0\">ent result </span></div>\n<div class=\"t m0 x7 h4f ycda ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">less benef<span class=\"_ _0\"></span>its and adm<span class=\"_ _0\"></span>inistr<span class=\"_ _0\"></span>ative exp<span class=\"_ _0\"></span>enses, ch<span class=\"_ _2b\"></span>anges in the net level</div>\n<div class=\"t m0 x7 h4f ycdb ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">premium reserv<span class=\"_ _2\"></span>e and expected policyholder<span class=\"_ _2\"></span> dividend, as appropriate.</div>\n<div class=\"t m0 x7 h4f ycdc ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deviations of ac<span class=\"_ _2\"></span>tual results from estimated<span class=\"_ _2\"></span> experience are reflected in<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yc86 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement in t<span class=\"_ _2b\"></span>he period in<span class=\"ls0 ws0\"> </span>whic<span class=\"_ _2b\"></span>h such deviati<span class=\"_ _0\"></span>ons occ<span class=\"_ _0\"></span>ur. DAC</div>\n<div class=\"t m0 x7 h4f yc87 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is adjuste<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r the amortis<span class=\"_ _0\"></span>ation eff<span class=\"_ _2b\"></span>ect of unrealised g<span class=\"_ _0\"></span>ains (loss<span class=\"_ _0\"></span>es)</div>\n<div class=\"t m0 x7 h4f yc88 ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recorded i<span class=\"_ _2\"></span>n equity as if t<span class=\"_ _2\"></span>hey were realised w<span class=\"_ _2\"></span>ith the related <span class=\"_ _2\"></span>adjustment to</div>\n<div class=\"t m0 x7 h4f yc89 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unreal<span class=\"_ _0\"></span>ised gains (<span class=\"_ _0\"></span>losses<span class=\"_ _0\"></span>) in equity.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ycdd ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in lin<span class=\"_ _2b\"></span>e with earned premi<span class=\"_ _0\"></span>ums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycde ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For short d<span class=\"_ _0\"></span>uration c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s, DAC is amo<span class=\"_ _0\"></span>rtised ov<span class=\"_ _0\"></span>er the perio<span class=\"_ _0\"></span>d in which</div>\n<div class=\"t m0 x7 h4f ycdf ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the related pre<span class=\"_ _2\"></span>miums written are earned. Fu<span class=\"_ _2\"></span>ture investment income is</div>\n<div class=\"t m0 x7 h4f yce0 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>red (at a risk<span class=\"ls0 ws0\">-</span>free rate of ret<span class=\"_ _2b\"></span>urn) in assessin<span class=\"_ _0\"></span>g the recov<span class=\"_ _0\"></span>erabili<span class=\"_ _0\"></span>ty</div>\n<div class=\"t m0 x7 h4f yce1 ffd8 fs3a fc14 sc0 lsfa ws11e\" style=\"z-index: 15;\">of DAC.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yce2 ffda fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation i<span class=\"_ _0\"></span>n line wit<span class=\"_ _2b\"></span>h <span class=\"lse2\">rel<span class=\"_ _2\"></span>ated revenues of<span class=\"_ _2\"></span> service provided<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yce3 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Some inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>hout Di<span class=\"_ _2b\"></span>scretionary P<span class=\"_ _0\"></span>artici<span class=\"_ _0\"></span>pation F<span class=\"_ _0\"></span>eatures<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yce4 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issued by in<span class=\"_ _0\"></span>suranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>ities inv<span class=\"_ _0\"></span>olve both<span class=\"_ _0\"></span> the origin<span class=\"_ _0\"></span>ation of a fi<span class=\"_ _0\"></span>nancial</div>\n<div class=\"t m0 x1a h4f yce5 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent and t<span class=\"_ _2b\"></span>he provision <span class=\"_ _0\"></span>of invest<span class=\"_ _2b\"></span>ment managem<span class=\"_ _0\"></span>ent servi<span class=\"_ _0\"></span>ces.</div>\n<div class=\"t m0 x1a h4f yce6 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Where clear<span class=\"lse0 wsfa\">ly identifia<span class=\"_ _2b\"></span>ble, the increm<span class=\"_ _2b\"></span>ental costs r<span class=\"_ _0\"></span>elating<span class=\"_ _0\"></span> to the ri<span class=\"_ _0\"></span>ght to </span></div>\n<div class=\"t m0 x1a h4f yce7 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt management se<span class=\"_ _0\"></span>rvices a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised as an asset<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yce8 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are amo<span class=\"_ _0\"></span>rtised as the r<span class=\"_ _2b\"></span>elated revenues a<span class=\"_ _2b\"></span>re recognised. Th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>relat<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f yce9 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset is tested fo<span class=\"_ _0\"></span>r recover<span class=\"_ _2b\"></span>ability at each rep<span class=\"_ _0\"></span>orting dat<span class=\"_ _0\"></span>e. Fee</div>\n<div class=\"t m0 x1a h4f ycea ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">charges fo<span class=\"_ _2\"></span>r managing investment<span class=\"_ _2\"></span>s on these con<span class=\"_ _2\"></span>tracts are recognised<span class=\"_ _2\"></span> as</div>\n<div class=\"t m0 x1a h4f yceb ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">revenue as the<span class=\"_ _2\"></span> services are provided.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 89px; width: 351px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 687px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 94px; width: 351px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 692px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 99px; width: 351px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 697px; width: 351px; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x1a h4f ycec ffd8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.11 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"ls102 ws11d\">Liabilities </span></span>ari<span class=\"_ _2\"></span>sing<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">from (re)ins<span class=\"_ _2\"></span>urance and investmen<span class=\"_ _2\"></span>t contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yced ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The liab<span class=\"_ _0\"></span>ilities <span class=\"_ _0\"></span>arisin<span class=\"_ _0\"></span>g from (r<span class=\"_ _2b\"></span>e)insurance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _2b\"></span>ment <span class=\"wsf0\">contract<span class=\"_ _0\"></span>s relat<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x1a h4f ycee ffd8 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycef ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x1a h4f ycf0 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse2 ws103\">R<span class=\"_ _2\"></span>einsurance contracts</span><span class=\"ffd8\">; </span></span></div>\n<div class=\"t m0 x1a h4f ycf1 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts with Dis<span class=\"_ _2b\"></span>cretionary Pa<span class=\"_ _2b\"></span>rticipation Fe<span class=\"_ _0\"></span>atures </span></span></div>\n<div class=\"t m0 x6c h4f ycf2 ffd8 fs3a fc14 sc0 ls105 ws120\" style=\"z-index: 15;\">(DPF)<span class=\"_ _2\"></span><span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f ycf3 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts witho<span class=\"_ _0\"></span>ut DPF.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 ycf4 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication of<span class=\"_ _0\"></span> contract<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycf5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Policy<span class=\"_ _0\"></span>holder lia<span class=\"_ _2b\"></span>bilities are class<span class=\"_ _2b\"></span>ified based on the <span class=\"lse2 wsfa\">underlying insurance </span></div>\n<div class=\"t m0 x1a h4f ycf6 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> featur<span class=\"_ _2b\"></span>es and the speci<span class=\"_ _0\"></span>fied r<span class=\"_ _0\"></span>isks of t<span class=\"_ _0\"></span>hese cont<span class=\"_ _2b\"></span>racts:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycf7 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span> are thos<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts in w<span class=\"_ _0\"></span>hich Ag<span class=\"_ _0\"></span>eas has </span></span></div>\n<div class=\"t m0 x6c h4f ycf8 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">accepted signi<span class=\"_ _2\"></span>ficant insurance risk from<span class=\"_ _2\"></span> another party (the</div>\n<div class=\"t m0 x6c h4f ycf9 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">policyholder)<span class=\"_ _2\"></span> by agreeing to compensate the<span class=\"_ _2\"></span> policyhold<span class=\"lse0 wsf0\">er if a </span></div>\n<div class=\"t m0 x6c h4f ycfa ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">specifi<span class=\"_ _0\"></span>ed uncert<span class=\"_ _0\"></span>ain fut<span class=\"_ _0\"></span>ure event (t<span class=\"_ _0\"></span>he insure<span class=\"_ _0\"></span>d event) adv<span class=\"_ _2b\"></span>ersely</div>\n<div class=\"t m0 x6c h4f ycfb ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">affects t<span class=\"_ _2b\"></span>he policyhold<span class=\"_ _2b\"></span>er. Insurance <span class=\"_ _0\"></span>risk is s<span class=\"_ _0\"></span>ignifi<span class=\"_ _0\"></span>cant if, a<span class=\"_ _2b\"></span>nd only if,</div>\n<div class=\"t m0 x6c h4f ycfc ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an insure<span class=\"_ _0\"></span>d event cou<span class=\"_ _0\"></span>ld cause an i<span class=\"_ _0\"></span>nsurer to pa<span class=\"_ _0\"></span>y signific<span class=\"_ _2b\"></span>ant additiona<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x6c h4f ycfd ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefits in any<span class=\"_ _2\"></span> scenario, excluding scenar<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">ios t<span class=\"_ _2b\"></span>hat lack comm<span class=\"_ _2b\"></span>ercial </span></div>\n<div class=\"t m0 x6c h4f ycfe ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">substan<span class=\"_ _0\"></span>ce (i.e. hav<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>no di<span class=\"_ _0\"></span>scernib<span class=\"_ _0\"></span>le effect on t<span class=\"_ _0\"></span>he econo<span class=\"_ _0\"></span>mics of the</div>\n<div class=\"t m0 x6c h4f ycff ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion). Insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts ca<span class=\"_ _0\"></span>n also t<span class=\"_ _0\"></span>ransfer f<span class=\"_ _2b\"></span>inancial risk<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd00 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts (with o<span class=\"_ _0\"></span>r without<span class=\"_ _0\"></span> DPF) a<span class=\"_ _0\"></span>re those c<span class=\"_ _2b\"></span>ontracts that<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x6c h4f yd01 ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">transfer si<span class=\"_ _2\"></span>gnificant financi<span class=\"ws103\">al ri<span class=\"_ _2\"></span>sk. Financial risk is the ri<span class=\"_ _2\"></span>sk of a </span></div>\n<div class=\"t m0 x6c h4f yd02 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">possibl<span class=\"_ _0\"></span>e future ch<span class=\"_ _0\"></span>ange in one or m<span class=\"_ _0\"></span>ore of a spec<span class=\"_ _0\"></span>ified int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>e,</div>\n<div class=\"t m0 x6c h4f yd03 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>strument price, commodity pri<span class=\"_ _2\"></span>ce, foreign exchange rate<span class=\"_ _2\"></span>,</div>\n<div class=\"t m0 x6c h4f yd04 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">index of price or<span class=\"_ _2\"></span> rates, credit<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">rating or credit<span class=\"_ _0\"></span> index or oth<span class=\"_ _2b\"></span>er variable, </span></span></div>\n<div class=\"t m0 x6c h4f yd05 ffd8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provi<span class=\"wsfa\">di<span class=\"_ _0\"></span>ng in the <span class=\"_ _0\"></span>case of a<span class=\"_ _0\"></span> non<span class=\"ls0 ws0\">-</span>financ<span class=\"_ _2b\"></span>ial variable t<span class=\"_ _0\"></span>hat the <span class=\"_ _0\"></span>variabl<span class=\"_ _0\"></span>e is </span></div>\n<div class=\"t m0 x6c h4f yd06 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not spec<span class=\"_ _0\"></span>ific to a <span class=\"_ _2b\"></span>party of the co<span class=\"_ _2b\"></span>ntract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd07 ffd8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd08 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Once a co<span class=\"_ _0\"></span>ntract <span class=\"_ _2b\"></span>has been classif<span class=\"_ _0\"></span>ied as a<span class=\"_ _0\"></span>n insura<span class=\"_ _0\"></span>nce co<span class=\"_ _0\"></span>ntract, i<span class=\"_ _0\"></span>t rema<span class=\"_ _0\"></span>ins</div>\n<div class=\"t m0 x1a h4f yd09 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act for the re<span class=\"_ _0\"></span>maind<span class=\"_ _0\"></span>er of its lifeti<span class=\"_ _2b\"></span>me, even if the</div>\n<div class=\"t m0 x1a h4f y8c6 ffd8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">insura<span class=\"wsfa\">nce ri<span class=\"_ _2\"></span>sk reduce<span class=\"ls0 ws0\">d <span class=\"lse0 wsf0\">significantly<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>duri<span class=\"_ _2b\"></span>ng this period, unl<span class=\"_ _0\"></span>ess all right<span class=\"_ _0\"></span>s </span></span></span></div>\n<div class=\"t m0 x1a h4f yd0a ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and oblig<span class=\"_ _0\"></span>ations ar<span class=\"_ _2b\"></span>e extinguished or ex<span class=\"_ _2b\"></span>pired. Investm<span class=\"_ _0\"></span>ent contr<span class=\"_ _0\"></span>acts can,</div>\n<div class=\"t m0 x1a h4f yd0b ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">however,<span class=\"_ _0\"></span> be reclas<span class=\"_ _2b\"></span>sified as insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>racts aft<span class=\"_ _2b\"></span>er inception if</div>\n<div class=\"t m0 x1a h4f yd0c ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce risk bec<span class=\"_ _2b\"></span>omes significant<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd0d ffd8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd0e ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts, r<span class=\"_ _2b\"></span>einsurance co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> and inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> contr<span class=\"_ _0\"></span>acts</div>\n<div class=\"t m0 x1a h4f yd0f ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">with DP<span class=\"_ _0\"></span>F are acc<span class=\"_ _2b\"></span>ounted for in a<span class=\"_ _0\"></span>ccordan<span class=\"_ _2b\"></span>ce to IFRS 4. I<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ent</div>\n<div class=\"t m0 x1a h4f yd10 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s that do not tr<span class=\"_ _0\"></span>ansfer s<span class=\"_ _0\"></span>ignific<span class=\"_ _2b\"></span>ant insurance <span class=\"_ _2b\"></span>risk are account<span class=\"_ _2b\"></span>ed for</div>\n<div class=\"t m0 x1a h4f yd11 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in accor<span class=\"_ _2b\"></span>dance to IAS 39.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 347px; height: 634px; width: 351px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 314px; height: 792px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 314px; height: 792px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffdd fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Lif<span class=\"lse2 wsfa\">e insurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h55 yd13 ffdf fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Future pol<span class=\"_ _2b\"></span>icy benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd14 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For Life ins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s, futur<span class=\"_ _0\"></span>e policy benef<span class=\"_ _2b\"></span>it liabilities are</div>\n<div class=\"t m0 x7 h4f yd15 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">calcul<span class=\"_ _0\"></span>ated usin<span class=\"_ _0\"></span>g a net l<span class=\"_ _0\"></span>evel pre<span class=\"_ _0\"></span>mium met<span class=\"_ _2b\"></span>hod (i.e. pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of fut<span class=\"_ _2b\"></span>ure</div>\n<div class=\"t m0 x7 h4f yd16 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">net cash fl<span class=\"_ _0\"></span>ows) base<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>on act<span class=\"_ _0\"></span>uarial as<span class=\"_ _2b\"></span>sumptions as deter<span class=\"_ _2b\"></span>mined by</div>\n<div class=\"t m0 x7 h4f yc7b ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">histori<span class=\"_ _0\"></span>cal expe<span class=\"lse2 wsfa\">rience and industry <span class=\"_ _2\"></span>standards. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yd17 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yd18 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipating p<span class=\"_ _0\"></span>olicies inc<span class=\"_ _0\"></span>lude any ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>nal liabili<span class=\"_ _0\"></span>ties<span class=\"ls0 ws0\">, </span><span class=\"wsfa\">reflect<span class=\"_ _0\"></span>ing any </span></div>\n<div class=\"t m0 x7 h4f yd19 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>ual dividends or ot<span class=\"_ _2b\"></span>her participati<span class=\"_ _0\"></span>on featu<span class=\"_ _0\"></span>res. For some</div>\n<div class=\"t m0 x7 h4f y8cd ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">designated cont<span class=\"_ _2\"></span>racts, the future policy bene<span class=\"_ _2\"></span>fit liabilities have been<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y8ce ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">remeasured t<span class=\"_ _2\"></span>o r<span class=\"lse0\">eflect c<span class=\"_ _2b\"></span>urrent market<span class=\"_ _0\"></span> intere<span class=\"_ _0\"></span>st rates<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y882 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y883 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">part<span class=\"_ _0\"></span>icipat<span class=\"_ _0\"></span>ing insur<span class=\"_ _0\"></span>ance and i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> are primar<span class=\"_ _0\"></span>ily </span></span></div>\n<div class=\"t m0 x7 h4f y884 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">unit<span class=\"ls0 ws0\">-</span><span class=\"ws103\">link<span class=\"_ _2\"></span>ed contracts where Ageas hold<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">the invest<span class=\"_ _2b\"></span>ments on behalf of </span></span></span></div>\n<div class=\"t m0 x7 h4f y885 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the polic<span class=\"_ _0\"></span>yhold<span class=\"_ _0\"></span>er and m<span class=\"_ _0\"></span>easures t<span class=\"_ _2b\"></span>hose investme<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e. Treas<span class=\"_ _0\"></span>ury</div>\n<div class=\"t m0 x7 h4f y886 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">share<span class=\"lse0 wsf0\">s on behalf of pol<span class=\"_ _0\"></span>icyhol<span class=\"_ _0\"></span>ders are el<span class=\"_ _0\"></span>iminate<span class=\"_ _0\"></span>d. Unit<span class=\"ls0 ws0\">-<span class=\"lse1 ws104\">linked contracts </span></span></span></div>\n<div class=\"t m0 x7 h4f y8cf ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are a specif<span class=\"_ _0\"></span>ic type of Lif<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ins<span class=\"_ _0\"></span>urance cont<span class=\"_ _2b\"></span>racts governe<span class=\"_ _0\"></span>d by Articl<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>25 of</div>\n<div class=\"t m0 x7 h4f y8d0 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EU Direc<span class=\"_ _0\"></span>tive 20<span class=\"_ _2b\"></span>02/83/EC. Th<span class=\"_ _0\"></span>e benefit<span class=\"_ _2b\"></span>s of those cont<span class=\"_ _0\"></span>racts a<span class=\"_ _2b\"></span>re linked to</div>\n<div class=\"t m0 x7 h4f y8d1 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">UCITS (\u2018U<span class=\"_ _2b\"></span>ndertakings for Co<span class=\"_ _2b\"></span>llective Invest<span class=\"_ _2b\"></span>ment in Transfera<span class=\"_ _0\"></span>ble</div>\n<div class=\"t m0 x7 h4f y8d2 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies\u2019), a sh<span class=\"_ _0\"></span>are basket<span class=\"_ _0\"></span> or a referen<span class=\"_ _0\"></span>ce value, o<span class=\"_ _0\"></span>r to a combinat<span class=\"_ _2b\"></span>ion of</div>\n<div class=\"t m0 x7 h4f y8d3 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">these val<span class=\"_ _0\"></span>ues or unit<span class=\"_ _0\"></span>s, as laid dow<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>in the co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>. The liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> of unit<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f yb28 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">linked c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at unit<span class=\"_ _2b\"></span> value (i.e. fai<span class=\"_ _2b\"></span>r value of the f<span class=\"_ _0\"></span>und in</div>\n<div class=\"t m0 x7 h4f yb29 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">which the<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">un<span class=\"_ _2\"></span>it<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linke<span class=\"_ _0\"></span>d contrac<span class=\"_ _0\"></span>ts are i<span class=\"_ _2b\"></span>nvested divid<span class=\"_ _0\"></span>ed by the n<span class=\"_ _0\"></span>umber <span class=\"_ _0\"></span>of </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2a ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">units of t<span class=\"_ _2b\"></span>he fund), wit<span class=\"_ _0\"></span>h chang<span class=\"_ _0\"></span>es in fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he income</div>\n<div class=\"t m0 x7 h4f yb2b ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt. Fair value is nev<span class=\"_ _0\"></span>er less than t<span class=\"_ _0\"></span>he amount<span class=\"_ _0\"></span> payable on</div>\n<div class=\"t m0 x7 h4f yb2c ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">surrend<span class=\"_ _0\"></span>er (if appli<span class=\"_ _2b\"></span>cable), disco<span class=\"_ _0\"></span>unted for th<span class=\"_ _0\"></span>e requir<span class=\"_ _0\"></span>ed notic<span class=\"lse2 wsfa\">e period where </span></div>\n<div class=\"t m0 x7 h4f yb2d ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">applicable.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y962 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y963 ffdd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Certain <span class=\"lse2 wsf1\">contract</span><span class=\"wsfa\">s cont<span class=\"_ _0\"></span>ain fin<span class=\"_ _0\"></span>ancial g<span class=\"_ _2b\"></span>uarantees, w<span class=\"_ _0\"></span>hich are a<span class=\"_ _2b\"></span>lso valued at </span></div>\n<div class=\"t m0 x7 h4f y964 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e and are incl<span class=\"_ _0\"></span>uded in lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s related to u<span class=\"_ _2b\"></span>nit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse1 ws104\">linke<span class=\"_ _0\"></span>d contracts, </span></span></div>\n<div class=\"t m0 x7 h4f y965 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">with the <span class=\"_ _0\"></span>change <span class=\"_ _0\"></span>in the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n the inc<span class=\"_ _2b\"></span>ome stateme<span class=\"_ _0\"></span>nt.</div>\n<div class=\"t m0 x7 h4f y966 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce risk<span class=\"_ _0\"></span>s are tak<span class=\"_ _2b\"></span>en into account<span class=\"_ _2b\"></span> based on the <span class=\"wsef\">act<span class=\"_ _2b\"></span>uarial </span></div>\n<div class=\"t m0 x7 h4f y967 ffdd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">assumpt<span class=\"_ _2b\"></span>ions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 78px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y968 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y969 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deposits and wi<span class=\"_ _2\"></span>thdrawals are recorded direc<span class=\"_ _2\"></span>tly in the statement of</div>\n<div class=\"t m0 x7 h4f y96a ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al posit<span class=\"_ _2b\"></span>ion as adjustm<span class=\"_ _2b\"></span>ents to the liab<span class=\"_ _0\"></span>ility, <span class=\"_ _0\"></span>without <span class=\"_ _0\"></span>affect<span class=\"_ _0\"></span>ing the</div>\n<div class=\"t m0 x7 h4f y96b ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y89c ffdf fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Minimum g<span class=\"_ _2b\"></span>uaranteed retur<span class=\"_ _0\"></span>ns<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89d ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For Life ins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s with <span class=\"lse2 wsfa\">minimum guaranteed<span class=\"_ _2\"></span> returns, the </span></div>\n<div class=\"t m0 x7 h4f y89e ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financ<span class=\"_ _0\"></span>e compon<span class=\"_ _0\"></span>ent is m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at amort<span class=\"_ _2b\"></span>ised cost. Add<span class=\"_ _2b\"></span>itional liabil<span class=\"_ _0\"></span>ities</div>\n<div class=\"t m0 x7 h4f y89f ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">have be<span class=\"_ _0\"></span>en set up t<span class=\"_ _2b\"></span>o reflect expec<span class=\"_ _0\"></span>ted lon<span class=\"_ _0\"></span>g<span class=\"ls0 ws0\">-</span>term int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>es. Th<span class=\"_ _0\"></span>ese</div>\n<div class=\"t m0 x7 h4f y8a0 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">additio<span class=\"_ _2b\"></span>nal liabilitie<span class=\"_ _0\"></span>s are ca<span class=\"_ _0\"></span>lculat<span class=\"_ _0\"></span>ed as the d<span class=\"_ _2b\"></span>ifference bet<span class=\"_ _0\"></span>ween th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y8a1 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value a<span class=\"lse2 ws103\">nd the carrying amount of the guara<span class=\"_ _2\"></span>nteed amounts.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y8a2 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a3 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">D<span class=\"lse0 wsf0\">uring the accu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ion period<span class=\"lsf4 ws0\">, t<span class=\"_ _0\"></span><span class=\"lse2 ws103\">he liabilities rel<span class=\"_ _2\"></span>ating to annuity policie<span class=\"_ _2\"></span>s </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2e ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are equal<span class=\"_ _0\"></span> to accumul<span class=\"_ _0\"></span>ated polic<span class=\"_ _0\"></span>yhold<span class=\"_ _0\"></span>er balanc<span class=\"_ _0\"></span>es. Afte<span class=\"_ _0\"></span>r the accum<span class=\"_ _0\"></span>ulation</div>\n<div class=\"t m0 x7 h4f yb2f ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">period, the li<span class=\"_ _2\"></span>abilities are equal to the<span class=\"_ _2\"></span> present value of<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">expected f<span class=\"_ _0\"></span>uture </span></span></div>\n<div class=\"t m0 x7 h4f yb30 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">payments. Changes<span class=\"_ _2\"></span> in mortality tables tha<span class=\"_ _2\"></span>t occurred in previous years<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yb31 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are fully<span class=\"_ _0\"></span> reflect<span class=\"_ _2b\"></span>ed in these lia<span class=\"_ _2b\"></span>bilities.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y977 ffdf fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Discretionary<span class=\"_ _2\"></span> Participation Fea<span class=\"_ _2\"></span>tures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y978 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Most Life insuran<span class=\"_ _2\"></span>ce or investment contrac<span class=\"_ _2\"></span>ts contain a guaranteed</div>\n<div class=\"t m0 x1a h4f y979 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>. Some of<span class=\"_ _0\"></span> those c<span class=\"_ _2b\"></span>o<span class=\"wsf0\">ntracts may also c<span class=\"_ _0\"></span>ontain a Dis<span class=\"_ _0\"></span>cretion<span class=\"_ _2b\"></span>ary </span></div>\n<div class=\"t m0 x1a h4f y97a ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span>eature (DPF)<span class=\"_ _0\"></span>. This fe<span class=\"_ _2b\"></span>ature entitle<span class=\"_ _0\"></span>s the hol<span class=\"_ _0\"></span>der of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y97b ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> to rec<span class=\"_ _0\"></span>eive, as <span class=\"_ _0\"></span>a supple<span class=\"_ _2b\"></span>ment to guara<span class=\"_ _0\"></span>nteed b<span class=\"_ _0\"></span>enefits,<span class=\"_ _0\"></span> additi<span class=\"_ _0\"></span>onal</div>\n<div class=\"t m0 x1a h4f y97c ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">benefits and<span class=\"_ _2\"></span> bonuses:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97d ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse0 wsfa\">That are likel<span class=\"_ _0\"></span>y to be a s<span class=\"_ _0\"></span>ignific<span class=\"_ _2b\"></span>ant portion of t<span class=\"_ _0\"></span>he t<span class=\"lse2 ws103\">otal contractual </span></span></span></div>\n<div class=\"t m0 x6c h4f yb32 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb33 ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse2 ws103\">W<span class=\"_ _2\"></span>hose amount or timing is cont<span class=\"_ _2\"></span>ractually at the discretion o<span class=\"_ _2\"></span>f Ageas;</span><span class=\"ffdd\"> </span></span></div>\n<div class=\"t m0 x1a h4f yb34 ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse0 wsf0\">That are contract<span class=\"_ _0\"></span>ually bas<span class=\"_ _0\"></span>ed on:<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x6c h4f yb35 ffe2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffe1\"> <span class=\"_ _a\"> </span><span class=\"ffdd lse0 wsf0\">The perf<span class=\"_ _2b\"></span>ormance of a specif<span class=\"_ _0\"></span>ied pool o<span class=\"_ _0\"></span>f contract<span class=\"_ _0\"></span>s or a specif<span class=\"_ _0\"></span>ied </span></span></div>\n<div class=\"t m0 x1e6 h4f yb36 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">type of c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yb37 ffe2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffe1\"> <span class=\"_ _a\"> </span><span class=\"ffdd lse0 wsfa\">Realis<span class=\"_ _2b\"></span>ed and/or un<span class=\"_ _0\"></span>realise<span class=\"_ _0\"></span>d invest<span class=\"_ _0\"></span>ment ret<span class=\"_ _0\"></span>urns <span class=\"wsf0\">on a sp<span class=\"_ _0\"></span>ecifie<span class=\"_ _0\"></span>d </span></span></span></div>\n<div class=\"t m0 x1e6 h4f yb38 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">pool of asse<span class=\"_ _2\"></span>ts held by Ageas;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yb39 ffe2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffe1\"> <span class=\"_ _a\"> </span><span class=\"ffdd lse0 wsf0\">The prof<span class=\"_ _2b\"></span>it or loss of Ageas, fun<span class=\"_ _0\"></span>d or other ent<span class=\"_ _0\"></span>ity that iss<span class=\"_ _2b\"></span>ued the </span></span></div>\n<div class=\"t m0 x1e6 h4f yb3a ffdd fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">contract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3b ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb3c ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For Life i<span class=\"_ _2b\"></span>nsurance cont<span class=\"_ _0\"></span>racts a<span class=\"_ _0\"></span>nd inve<span class=\"_ _0\"></span>stment c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s with D<span class=\"_ _0\"></span>PF, curr<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f yb3d ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy<span class=\"_ _0\"></span>holder ben<span class=\"_ _0\"></span>efits are ac<span class=\"_ _2b\"></span>crued based on the co<span class=\"_ _0\"></span>ntract<span class=\"_ _2b\"></span>ual amo<span class=\"lse2 ws103\">unt due </span></div>\n<div class=\"t m0 x1a h4f yb3e ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on st<span class=\"_ _0\"></span>atutory net<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome, rest<span class=\"_ _0\"></span>rictions<span class=\"_ _0\"></span> and payme<span class=\"_ _0\"></span>nt terms. Th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f yb3f ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">DPF component con<span class=\"_ _2\"></span>cerns a conditional promise<span class=\"_ _2\"></span> related to unrealised</div>\n<div class=\"t m0 x1a h4f yb40 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses. Th<span class=\"_ _0\"></span>is promis<span class=\"_ _0\"></span>e remains t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e part of the un<span class=\"_ _0\"></span>realise<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x1a h4f yb41 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses as<span class=\"_ _0\"></span> included in e<span class=\"_ _0\"></span>quity. On<span class=\"lse2 ws103\">ce the promise becomes </span></div>\n<div class=\"t m0 x1a h4f yb42 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unconditional<span class=\"_ _2\"></span>, the related amoun<span class=\"_ _2\"></span>t is transferred<span class=\"_ _2\"></span> to \u2018Liabilities ar<span class=\"_ _2\"></span>ising</div>\n<div class=\"t m0 x1a h4f yb43 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from Life<span class=\"_ _2\"></span> insurance contra<span class=\"_ _2\"></span>cts\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb44 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb45 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment cont<span class=\"_ _0\"></span>racts wi<span class=\"_ _0\"></span>thout D<span class=\"_ _2b\"></span>PF are initially<span class=\"_ _0\"></span> recog<span class=\"_ _0\"></span>nised at f<span class=\"_ _2b\"></span>air value</div>\n<div class=\"t m0 x1a h4f yb46 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are subs<span class=\"_ _2b\"></span>equently measur<span class=\"_ _2b\"></span>ed at amortised cos<span class=\"_ _0\"></span>t and rep<span class=\"lse2 ws103\">orted as a </span></div>\n<div class=\"t m0 x1a h4f yb47 ffdd fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">deposit lia<span class=\"_ _2\"></span>bility. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 ycc2 ffdf fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Embedd<span class=\"_ _0\"></span>ed derivat<span class=\"_ _2b\"></span>ives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc3 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Embedd<span class=\"_ _0\"></span>ed derivat<span class=\"_ _2b\"></span>ives not closely re<span class=\"_ _0\"></span>lated to th<span class=\"_ _0\"></span>e host cont<span class=\"_ _0\"></span>racts are</div>\n<div class=\"t m0 x1a h4f ycc4 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separated from<span class=\"_ _2\"></span> the host contracts and measured<span class=\"_ _2\"></span> at fair value through</div>\n<div class=\"t m0 x1a h4f ycc5 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">profit or lo<span class=\"_ _0\"></span>ss. Actu<span class=\"_ _0\"></span>arial ass<span class=\"_ _0\"></span>umption<span class=\"_ _0\"></span>s are revi<span class=\"_ _0\"></span>sed at each<span class=\"_ _0\"></span> reportin<span class=\"_ _0\"></span>g <span class=\"wsef\">date </span></div>\n<div class=\"t m0 x1a h4f ycc6 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with the res<span class=\"_ _2b\"></span>ulting impact rec<span class=\"_ _2b\"></span>ognised in the incom<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y9c9 ffdf fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Unbundling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9ca ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The depos<span class=\"_ _2b\"></span>it <span class=\"_ _2\"></span>com<span class=\"_ _2b\"></span>ponent of an insura<span class=\"_ _2b\"></span>nce contract is unb<span class=\"_ _0\"></span>undled w<span class=\"_ _0\"></span>hen</div>\n<div class=\"t m0 x1a h4f y9cb ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">both of the fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g conditi<span class=\"_ _0\"></span>ons are met<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cc ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse0 wsf0\">The deposit comp<span class=\"_ _0\"></span>onent (inc<span class=\"_ _2b\"></span>luding any embed<span class=\"_ _0\"></span>ded surr<span class=\"_ _0\"></span>ender </span></span></div>\n<div class=\"t m0 x6c h4f y9cd ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">options<span class=\"_ _0\"></span>) can be meas<span class=\"_ _2b\"></span>ured separately (i.<span class=\"_ _2b\"></span>e. without taking i<span class=\"_ _0\"></span>nto</div>\n<div class=\"t m0 x6c h4f y9ce ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account t<span class=\"_ _2b\"></span>he insuranc<span class=\"_ _0\"></span>e compon<span class=\"_ _0\"></span>ent)<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f y9cf ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas's <span class=\"wsfa\">accounting <span class=\"_ _2\"></span>policies do not<span class=\"_ _2\"></span> otherwise require <span class=\"_ _2\"></span>the recognition </span></span></span></div>\n<div class=\"t m0 x6c h4f y9d0 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of all obl<span class=\"_ _2\"></span>igations and righ<span class=\"_ _2\"></span>ts arising from t<span class=\"_ _2\"></span>he deposit componen<span class=\"_ _2\"></span>t.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9d1 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d2 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Currently, <span class=\"lse0 wsf0\">Ageas has recogni<span class=\"_ _0\"></span>sed all right<span class=\"_ _2b\"></span>s and obligation<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>rel<span class=\"_ _0\"></span>ated to </span></div>\n<div class=\"t m0 x1a h4f y9d3 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">issued insuran<span class=\"_ _2\"></span>ce contracts according to i<span class=\"_ _2\"></span>ts accounting policies. As a</div>\n<div class=\"t m0 x1a h4f y9d4 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">result, Agea<span class=\"_ _2\"></span>s has not recogni<span class=\"_ _2\"></span>sed an unbundled<span class=\"_ _2\"></span> deposit component i<span class=\"_ _2\"></span>n</div>\n<div class=\"t m0 x1a h4f y9d5 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect of<span class=\"_ _0\"></span> its insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffe3 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life insuranc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> </span></span></span></div>\n\n<div class=\"t m0 x7 h55 yd13 ffe5 fs3a fc1f sc0 ls102 ws11d\" style=\"z-index: 15;\">Claims<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd14 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Claims a<span class=\"_ _0\"></span>nd claim adj<span class=\"_ _0\"></span>ustment<span class=\"_ _0\"></span> expense<span class=\"_ _0\"></span>s are charge<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x7 h4f yd15 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt as incurred. Unpa<span class=\"_ _0\"></span>id claims an<span class=\"_ _0\"></span>d claim adj<span class=\"_ _2b\"></span>ustment expenses<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yd16 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es for report<span class=\"_ _2b\"></span>ed claims and provis<span class=\"_ _2b\"></span>ions for claims inc<span class=\"_ _0\"></span><span class=\"lse2 wsf1\">urred </span></div>\n<div class=\"t m0 x7 h4f yc7b ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">but not <span class=\"_ _0\"></span>reporte<span class=\"_ _0\"></span>d. The est<span class=\"_ _2b\"></span>imates for cl<span class=\"_ _0\"></span>aims inc<span class=\"_ _0\"></span>urred b<span class=\"_ _0\"></span>ut not re<span class=\"_ _0\"></span>ported <span class=\"_ _0\"></span>are</div>\n<div class=\"t m0 x7 h4f yd17 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">based on experienc<span class=\"_ _2\"></span>e, current claim trends<span class=\"_ _2\"></span> and the prevailing social,</div>\n<div class=\"t m0 x7 h4f yd18 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">economic and leg<span class=\"_ _2\"></span>al environments. The liabi<span class=\"_ _2\"></span>lity for Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life insura<span class=\"_ _0\"></span>nce </span></span></div>\n<div class=\"t m0 x7 h4f yd19 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">claims <span class=\"_ _0\"></span>and clai<span class=\"_ _0\"></span>m adjust<span class=\"_ _0\"></span>ment ex<span class=\"_ _0\"></span>penses i<span class=\"wsf0\">s<span class=\"_ _0\"></span> based on est<span class=\"_ _0\"></span>imates of </span></div>\n<div class=\"t m0 x7 h4f y8cd ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d losses (a<span class=\"_ _0\"></span>fter taki<span class=\"_ _0\"></span>ng into acc<span class=\"_ _0\"></span>ount reimb<span class=\"_ _2b\"></span>ursements, rec<span class=\"_ _0\"></span>overies<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y8ce ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">salvage and<span class=\"_ _2\"></span> subrogation), ref<span class=\"_ _2\"></span>lecting management\u2019s<span class=\"_ _2\"></span> judgement on</div>\n<div class=\"t m0 x7 h4f y882 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">anticip<span class=\"_ _0\"></span>ated lev<span class=\"_ _2b\"></span>els of inflatio<span class=\"_ _2b\"></span>n, claim handl<span class=\"_ _0\"></span>ing costs<span class=\"_ _0\"></span>, lega<span class=\"_ _0\"></span>l risks <span class=\"_ _0\"></span>and</div>\n<div class=\"t m0 x7 h4f y883 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">trends in co<span class=\"_ _0\"></span>mpensat<span class=\"_ _0\"></span>ory dama<span class=\"_ _0\"></span><span class=\"lse2 wsfa\">ge awards.<span class=\"_ _2\"></span> Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life liab<span class=\"_ _0\"></span>ilities f<span class=\"_ _0\"></span>or workers<span class=\"_ _2b\"></span>\u2019 </span></span></span></div>\n<div class=\"t m0 x7 h4f y884 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compensation bu<span class=\"_ _2\"></span>siness are presented at their<span class=\"_ _2\"></span> net present value. The</div>\n<div class=\"t m0 x7 h4f y885 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies establish<span class=\"_ _0\"></span>ed are a<span class=\"_ _0\"></span>dequat<span class=\"_ _0\"></span>e to cov<span class=\"_ _0\"></span>er the ult<span class=\"_ _2b\"></span>imate cost of c<span class=\"_ _0\"></span>laims</div>\n<div class=\"t m0 x7 h4f y886 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and claim ad<span class=\"_ _2b\"></span>justment expens<span class=\"_ _2b\"></span>es. Resulting adjus<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s are recor<span class=\"_ _0\"></span>ded in</div>\n<div class=\"t m0 x7 h4f y8cf ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement. <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d0 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d1 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not disco<span class=\"_ _2b\"></span>unt its liabiliti<span class=\"_ _0\"></span>es for claims<span class=\"_ _0\"></span> other tha<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>cla<span class=\"_ _0\"></span>ims with</div>\n<div class=\"t m0 x7 h4f y8d2 ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">determinable<span class=\"_ _2\"></span> and period payment<span class=\"_ _2\"></span> terms.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 772px; height: 298px; width: 347px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h55 y88b ffe5 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Liability <span class=\"_ _2\"></span>Adequacy Test<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88c ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas perf<span class=\"_ _2b\"></span>orms <span class=\"wsef\">a <span class=\"wsfa\">Liability Ad<span class=\"_ _2b\"></span>equacy Tests (<span class=\"_ _2b\"></span>LAT) at each re<span class=\"_ _0\"></span>porting </span></span></div>\n<div class=\"t m0 x7 h4f y88d ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">period t<span class=\"_ _0\"></span>o ensur<span class=\"_ _0\"></span>e that t<span class=\"_ _2b\"></span>he rep<span class=\"wsf0\">orted ins<span class=\"_ _0\"></span>urance li<span class=\"_ _0\"></span>abilities<span class=\"_ _0\"></span> are adequ<span class=\"_ _0\"></span>ate.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88e ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y88f ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A separ<span class=\"_ _0\"></span>ate test<span class=\"_ _0\"></span> is perfo<span class=\"_ _2b\"></span>rmed for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y890 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 ls106 ws10c\">Life liabilities and h<span class=\"_ _0\"></span>ealth simil<span class=\"_ _0\"></span>ar<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">life liabilities, in<span class=\"_ _2\"></span>cluding annuities </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y891 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">stemming from<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-<span class=\"ls106 ws124\">life <span class=\"ls102 ws11d\">liabili<span class=\"_ _2\"></span>ties<span class=\"lsf4 ws10c\">; </span></span></span> </span></span></div>\n<div class=\"t m0 x7 h4f y892 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsf0\">(Unearned) pre<span class=\"_ _0\"></span>mium res<span class=\"_ _0\"></span>erves stem<span class=\"_ _2b\"></span>ming from <span class=\"ls0 ws0\">N</span><span class=\"wsef\">on<span class=\"ls0 ws0\">-<span class=\"ls106 ws124\">life <span class=\"ls102 ws11d\">liabil<span class=\"_ _2\"></span>ities</span></span> </span>and </span></span></span></div>\n<div class=\"t m0 x43 h4f y893 ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">health non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls102 ws11d\">similar</span>-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"ls106 ws124\">life <span class=\"ls102 ws11d\">liabilitie<span class=\"_ _2\"></span>s;</span></span> </span><span class=\"wsf1\">and<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y894 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsfa\">Claim provis<span class=\"_ _0\"></span>ions stem<span class=\"_ _0\"></span>ming fro<span class=\"_ _2b\"></span>m <span class=\"ls0 ws0\">N<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">on</span>-<span class=\"ls102 ws11d\">life l<span class=\"_ _2\"></span>iabilities</span> </span><span class=\"wsf0\">and health non<span class=\"ls0 ws0\">-</span></span></span></span></div>\n<div class=\"t m0 x43 h4f y895 ffe3 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">similar<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"lsfc ws115\">li<span class=\"_ _2\"></span>fe </span></span>liabilit<span class=\"_ _0\"></span>ies<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y896 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y897 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For the purp<span class=\"_ _2b\"></span>ose of these LAT<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">tests</span></span>, Ageas conside<span class=\"_ _0\"></span>rs a best est<span class=\"_ _0\"></span>imate</div>\n<div class=\"t m0 x7 h4f y898 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on, bei<span class=\"_ _0\"></span>ng the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of al<span class=\"_ _0\"></span>l contr<span class=\"_ _0\"></span>actual c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws, incl<span class=\"_ _0\"></span>uding</div>\n<div class=\"t m0 x7 h4f y899 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related c<span class=\"_ _0\"></span>ash flows s<span class=\"_ _0\"></span>uch as comm<span class=\"_ _0\"></span>issions an<span class=\"_ _0\"></span>d expense<span class=\"_ _2b\"></span>s. The contract</div>\n<div class=\"t m0 x7 h4f y89a ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">boundaries o<span class=\"_ _2\"></span>f Solvency II are applied, but are<span class=\"_ _2\"></span> limited in <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life to the </span></span></span></div>\n<div class=\"t m0 x7 h4f y89b ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ones in sc<span class=\"_ _2b\"></span>ope of the IFR<span class=\"_ _2b\"></span>S reserves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89c ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y89d ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">For <span class=\"ls0 ws0\">L<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">ife ins<span class=\"_ _2b\"></span>urance liabil<span class=\"_ _0\"></span>ities (an<span class=\"_ _0\"></span>d health si<span class=\"_ _0\"></span>mil<span class=\"lse2 wsf1\">ar<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"ls102 ws115\">life liabilitie<span class=\"_ _2\"></span>s including </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y89e ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">annuities stemmi<span class=\"_ _2\"></span>ng from <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-</span></span>li<span class=\"_ _2\"></span>fe), the LAT also includes ca<span class=\"_ _2\"></span>sh flows</div>\n<div class=\"t m0 x7 h4f y89f ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">resulting <span class=\"_ _2\"></span>from embedded option<span class=\"_ _2\"></span>s and guarantees a<span class=\"_ _2\"></span>nd investment</div>\n<div class=\"t m0 x7 h4f y8a0 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income.<span class=\"_ _0\"></span> Invest<span class=\"_ _0\"></span>ment in<span class=\"_ _0\"></span>come is <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>ned usin<span class=\"_ _0\"></span>g the c<span class=\"_ _0\"></span>urrent b<span class=\"_ _0\"></span>ook yiel<span class=\"_ _2b\"></span>d of</div>\n<div class=\"t m0 x7 h4f y8a1 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the exist<span class=\"_ _0\"></span>ing portf<span class=\"_ _0\"></span>olio, base<span class=\"_ _2b\"></span>d on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e assumpt<span class=\"_ _0\"></span>ion that re<span class=\"_ _0\"></span>invest<span class=\"_ _0\"></span>ments aft<span class=\"_ _0\"></span>er</div>\n<div class=\"t m0 x7 h4f y8a2 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the mat<span class=\"_ _0\"></span>urity of t<span class=\"_ _2b\"></span>he financial ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nts will t<span class=\"_ _2b\"></span>ake place at<span class=\"_ _0\"></span> a risk<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">free rat<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y8a3 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowin<span class=\"_ _0\"></span>g a company<span class=\"_ _0\"></span> specific vo<span class=\"_ _0\"></span>latilit<span class=\"_ _0\"></span>y adjust<span class=\"_ _0\"></span>ment base<span class=\"_ _0\"></span>d on EIOPA</div>\n<div class=\"t m0 x7 h4f yb2e ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy. For direct inv<span class=\"_ _0\"></span>estment<span class=\"_ _2b\"></span>s in real estate, the a<span class=\"_ _0\"></span>ctua<span class=\"lse2 wsfa\">l rental </span></div>\n<div class=\"t m0 x7 h4f yb2f ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income u<span class=\"_ _2b\"></span>p to the next co<span class=\"_ _0\"></span>ntractu<span class=\"_ _2b\"></span>al renewal pe<span class=\"_ _0\"></span>riod is t<span class=\"_ _0\"></span>aken int<span class=\"_ _2b\"></span>o account.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb30 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8d8 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">For <span class=\"ls0 ws0\">N</span>on<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"ls106 ws124\">life</span> </span><span class=\"ws103\">insurance liabilit<span class=\"_ _2\"></span>ies<span class=\"lse0 wsf0\">, the p<span class=\"_ _0\"></span>resent va<span class=\"_ _0\"></span>lue of all cas<span class=\"_ _0\"></span>h flows is </span></span></div>\n<div class=\"t m0 x1a h4f y8d9 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned using a risk<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">free discoun<span class=\"_ _2\"></span>t rate allowing a<span class=\"_ _2\"></span> company specific </span></span></div>\n<div class=\"t m0 x1a h4f y9bc ffe3 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">volatili<span class=\"_ _2\"></span>ty <span class=\"lse2 wsfa\">adjustment ba<span class=\"_ _2\"></span>sed on EIOPA me<span class=\"_ _2\"></span>thodology (after the<span class=\"_ _2\"></span> last liquid </span></div>\n<div class=\"t m0 x1a h4f y9bd ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">point, the s<span class=\"_ _0\"></span>o<span class=\"ls0 ws0\">-</span>called Ult<span class=\"_ _0\"></span>imate For<span class=\"_ _0\"></span>ward Rate ex<span class=\"_ _0\"></span>trapol<span class=\"_ _0\"></span>ation is ap<span class=\"_ _0\"></span>plied).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9be ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9bf ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Any shortf<span class=\"_ _2b\"></span>all in the LAT is recog<span class=\"_ _0\"></span>nised imm<span class=\"_ _0\"></span>ediately i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the i<span class=\"_ _0\"></span>ncome</div>\n<div class=\"t m0 x1a h4f y9c0 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt, either as a DAC or VOB<span class=\"_ _2b\"></span>A <span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>impai<span class=\"_ _0\"></span>rment or as a<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">loss </span></div>\n<div class=\"t m0 x1a h4f y9c1 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion. If, in a s<span class=\"_ _0\"></span>ubsequ<span class=\"_ _0\"></span>ent peri<span class=\"_ _0\"></span>od, th<span class=\"_ _0\"></span>e shortf<span class=\"_ _0\"></span>all decr<span class=\"_ _0\"></span>eases, t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y97e ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">decreas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in sh<span class=\"_ _0\"></span>ortfall is re<span class=\"_ _0\"></span>verse<span class=\"_ _0\"></span>d through pr<span class=\"_ _0\"></span>ofit or loss. A s<span class=\"_ _0\"></span>hortfal<span class=\"_ _0\"></span>l is</div>\n<div class=\"t m0 x1a h4f y97f ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">defined as<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y980 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsf0\">A negative net pre<span class=\"_ _0\"></span>sent valu<span class=\"_ _0\"></span>e of the futur<span class=\"_ _0\"></span>e margin fo<span class=\"_ _0\"></span>r <span class=\"ls0 ws0\">L<span class=\"lsfc ws115\">ife<span class=\"_ _2\"></span> </span></span><span class=\"lse1\">contracts<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y981 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and healt<span class=\"_ _0\"></span>h similar<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"ls106 ws124\">life <span class=\"lse2 wsf1\">contracts<span class=\"lse0 wsfa\">, includi<span class=\"_ _0\"></span>ng annuit<span class=\"_ _2b\"></span>ies stemming </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y982 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">from <span class=\"ls0 ws0\">N<span class=\"_ _2\"></span></span>on<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">life </span></span>con<span class=\"_ _2\"></span>tracts;<span class=\"ls0 ws0\"> </span>and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y983 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsfa\">The positive d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce betw<span class=\"_ _0\"></span>een the <span class=\"_ _0\"></span>net pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of the c<span class=\"_ _0\"></span>ash </span></span></div>\n<div class=\"t m0 x6c h4f y984 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flows and the corres<span class=\"_ _2\"></span>ponding IFRS reserves for<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">life <span class=\"lse0 wsef\">contracts</span></span> </span></span></div>\n<div class=\"t m0 x6c h4f y9c2 ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and health <span class=\"_ _2\"></span>non<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">similar</span>-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">to</span>-<span class=\"ls102 ws11d\">life<span class=\"_ _2\"></span> </span></span><span class=\"wsf1\">contracts<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f y9c3 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c4 ffe3 fs3a fc14 sc0 lsf3 wsf1\" style=\"z-index: 15;\">The LAT tests<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">take into acc<span class=\"_ _2b\"></span>ount the effect of re<span class=\"_ _2b\"></span>insurance and <span class=\"lse2 wsf1\">include, </span></span></span></div>\n<div class=\"t m0 x1a h4f y9c5 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for direct i<span class=\"_ _2b\"></span>nvestments in rea<span class=\"_ _0\"></span>l <span class=\"wsef\">estate,<span class=\"_ _0\"></span> <span class=\"wsf0\">the actual<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">re<span class=\"_ _0\"></span>ntal inc<span class=\"_ _0\"></span>ome up to t<span class=\"_ _2b\"></span>he </span></span></span></div>\n<div class=\"t m0 x1a h4f y9c6 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">next cont<span class=\"_ _0\"></span>ractual r<span class=\"_ _2b\"></span>enewal period. L<span class=\"_ _0\"></span>AT tests are d<span class=\"_ _0\"></span>etermin<span class=\"_ _0\"></span>ed a<span class=\"lse2 wsfa\">t legal entit<span class=\"_ _2\"></span>y </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffe3 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">level. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycb9 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycba ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If a subsidiar<span class=\"_ _2\"></span>y\u2019s local LAT requirements <span class=\"wsfa\">ar<span class=\"_ _2\"></span>e stricter tha<span class=\"ls0 ws0\">n<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">the ones<span class=\"_ _0\"></span> above, </span></span></span></div>\n<div class=\"t m0 x1a h4f ycbb ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">local en<span class=\"_ _2\"></span>tities apply the lo<span class=\"_ _2\"></span>cal requirements.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y98e ffe5 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Shadow accoun<span class=\"_ _2\"></span>ting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98f ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In some of <span class=\"lse2 wsf1\">Ageas's </span>business<span class=\"_ _0\"></span>es, the real<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of gains and l<span class=\"_ _0\"></span>osses has a</div>\n<div class=\"t m0 x1a h4f y990 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">direct impact on<span class=\"_ _2\"></span> the measurement of the insuran<span class=\"_ _2\"></span>ce liabilities and rela<span class=\"_ _2\"></span>ted</div>\n<div class=\"t m0 x1a h4f y991 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deferre<span class=\"_ _0\"></span>d acquis<span class=\"_ _0\"></span>ition costs<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y992 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y993 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In some of the<span class=\"_ _0\"></span>se busines<span class=\"_ _0\"></span>ses, Ag<span class=\"_ _0\"></span>eas appli<span class=\"_ _0\"></span>es \u2018shad<span class=\"_ _0\"></span>ow account<span class=\"_ _0\"></span>ing\u2019 to the</div>\n<div class=\"t m0 x1a h4f y994 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes in f<span class=\"_ _0\"></span>air value of<span class=\"_ _0\"></span> ava<span class=\"ls102 ws11d\">ilable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for<span class=\"_ _2\"></span></span>-</span></span>sale inves<span class=\"_ _0\"></span>tments a<span class=\"_ _2b\"></span>nd of assets and</div>\n<div class=\"t m0 x1a h4f y995 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies that affect<span class=\"_ _2b\"></span> the measurem<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he insur<span class=\"_ _0\"></span>ance lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x1a h4f y996 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Shadow acc<span class=\"_ _2b\"></span>ounting means t<span class=\"_ _0\"></span>hat unreal<span class=\"_ _0\"></span>ised gains<span class=\"_ _0\"></span> or losses<span class=\"_ _0\"></span> on the</div>\n<div class=\"t m0 x1a h4f y997 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-<span class=\"lse0 wsf0\">sale financi<span class=\"_ _0\"></span>al assets, w<span class=\"_ _2b\"></span>hich are recognise<span class=\"_ _2b\"></span>d in <span class=\"lse2 wsf1\">ot<span class=\"_ _2\"></span>her </span></span></span></div>\n<div class=\"t m0 x1a h4f y9c8 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">comprehens<span class=\"lse0 wsfa\">ive income<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">wit<span class=\"_ _0\"></span>hout affec<span class=\"_ _0\"></span>ting the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span>, affect </span></span></div>\n<div class=\"t m0 x1a h4f y9c9 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the measu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span> the insura<span class=\"_ _2b\"></span>nce liabilities (o<span class=\"_ _0\"></span>r deferre<span class=\"_ _0\"></span>d acquisit<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y9ca ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">costs or val<span class=\"_ _0\"></span>ue of busin<span class=\"_ _0\"></span>ess acqui<span class=\"_ _0\"></span>red) in the sa<span class=\"_ _2b\"></span>me way as realised ga<span class=\"_ _0\"></span>ins</div>\n<div class=\"t m0 x1a h4f y9cb ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or losses wo<span class=\"_ _2b\"></span>uld do. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cc ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9cd ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As part of sh<span class=\"_ _0\"></span>adow acco<span class=\"_ _2b\"></span>unting, some <span class=\"lsf4 ws10c\">of <span class=\"lse2 wsf1\">Ageas's </span></span>businesses ext<span class=\"_ _2b\"></span>end <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y9ce ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">standard LAT wit<span class=\"_ _2\"></span>h a shadow LAT test. Under<span class=\"_ _2\"></span> the shadow LAT test, the</div>\n<div class=\"t m0 x1a h4f y9cf ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of u<span class=\"_ _0\"></span>nrealis<span class=\"_ _0\"></span>ed capita<span class=\"_ _0\"></span>l gains, re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d in other com<span class=\"_ _0\"></span>prehens<span class=\"_ _0\"></span>ive</div>\n<div class=\"t m0 x1a h4f y9d0 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income,<span class=\"_ _0\"></span> in excess of t<span class=\"_ _0\"></span>he surplus r<span class=\"_ _0\"></span>esultin<span class=\"_ _0\"></span>g from the st<span class=\"_ _0\"></span>andard LAT<span class=\"_ _0\"></span>, is</div>\n<div class=\"t m0 x1a h4f y9d1 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as a <span class=\"lse2 ws103\">shadow liability.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9d2 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d3 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The remai<span class=\"_ _0\"></span>ning unr<span class=\"_ _0\"></span>ealised ch<span class=\"_ _2b\"></span>anges in fair value of<span class=\"_ _0\"></span> the avail<span class=\"_ _0\"></span>able<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span><span class=\"lsfb wsfa\">sale </span></span></div>\n<div class=\"t m0 x1a h4f y9d4 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets (af<span class=\"_ _2b\"></span>ter applicatio<span class=\"_ _0\"></span>n of shadow ac<span class=\"_ _2b\"></span>counting), that<span class=\"_ _0\"></span> are</div>\n<div class=\"t m0 x1a h4f y9d5 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subject t<span class=\"_ _0\"></span>o discret<span class=\"_ _0\"></span>ionary par<span class=\"_ _0\"></span>ticipat<span class=\"_ _2b\"></span>ion features, are cl<span class=\"_ _2b\"></span>assified as a</div>\n<div class=\"t m0 x1a h4f y9d6 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separate componen<span class=\"_ _2\"></span>t of equit<span class=\"lsf4 ws10c\">y. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 314px; height: 792px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 314px; height: 792px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 314px; height: 792px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An additi<span class=\"_ _0\"></span>onal Def<span class=\"_ _0\"></span>erred Prof<span class=\"_ _0\"></span>it sharing L<span class=\"_ _2b\"></span>iability (DPL) is acc<span class=\"_ _2b\"></span>rued based on</div>\n<div class=\"t m0 x7 h4f y803 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">a construct<span class=\"_ _2b\"></span>ive obligation o<span class=\"_ _0\"></span>r on the amou<span class=\"_ _0\"></span>nt legally<span class=\"_ _0\"></span> or contract<span class=\"_ _2b\"></span>ually</div>\n<div class=\"t m0 x7 h4f y804 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ed to be pa<span class=\"_ _2b\"></span>id on differe<span class=\"_ _0\"></span>nces bet<span class=\"_ _0\"></span>ween st<span class=\"_ _0\"></span>atutory <span class=\"_ _0\"></span>and IFR<span class=\"_ _0\"></span>S income</div>\n<div class=\"t m0 x7 h4f y805 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and unreal<span class=\"_ _2b\"></span>ised gains or loss<span class=\"_ _0\"></span>es record<span class=\"_ _2b\"></span>ed in equity.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 yd16 ffea fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7b ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The accou<span class=\"_ _0\"></span>nting tr<span class=\"_ _0\"></span>eatment<span class=\"_ _0\"></span> of reinsur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts de<span class=\"_ _2b\"></span>pends on whether</div>\n<div class=\"t m0 x7 h4f yd17 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk is transferred w<span class=\"_ _2\"></span>ithin the contract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd18 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yd19 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Reinsurance con<span class=\"_ _2\"></span>tracts that transfer signi<span class=\"_ _2\"></span>ficant insurance risk are</div>\n<div class=\"t m0 x7 h4f y8cd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for acco<span class=\"_ _0\"></span>rding <span class=\"lsfc ws115\">to <span class=\"lse2 wsfa\">insurance c<span class=\"_ _2\"></span>ontracts. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y8ce ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y882 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Reinsur<span class=\"_ _2b\"></span>ance contracts<span class=\"_ _0\"></span> that do <span class=\"_ _2b\"></span>not transfer si<span class=\"_ _2b\"></span>gnificant ins<span class=\"_ _0\"></span>urance r<span class=\"_ _0\"></span>isk are</div>\n<div class=\"t m0 x7 h4f y883 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for usi<span class=\"_ _0\"></span>ng the depos<span class=\"_ _0\"></span>it method a<span class=\"_ _0\"></span>nd are incl<span class=\"_ _0\"></span>uded in loa<span class=\"_ _0\"></span>ns or</div>\n<div class=\"t m0 x7 h4f y884 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ings as a finan<span class=\"_ _0\"></span>cial asset<span class=\"_ _0\"></span> or liabil<span class=\"_ _0\"></span>ity. Such f<span class=\"_ _0\"></span>inancia<span class=\"_ _0\"></span>l asset or</div>\n<div class=\"t m0 x7 h4f y885 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y is recog<span class=\"_ _0\"></span>nised bas<span class=\"_ _0\"></span>ed on the co<span class=\"_ _0\"></span>nsiderat<span class=\"_ _2b\"></span>ion paid or receiv<span class=\"_ _0\"></span>ed less</div>\n<div class=\"t m0 x7 h4f y886 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any expli<span class=\"_ _0\"></span>citly ide<span class=\"_ _0\"></span>ntified pr<span class=\"_ _0\"></span>emiums or f<span class=\"_ _0\"></span>ees to be reta<span class=\"_ _2b\"></span>ined by the</div>\n<div class=\"t m0 x7 h4f y8cf ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ed. Amount<span class=\"_ _2b\"></span>s received or paid un<span class=\"_ _0\"></span>der these c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s are</div>\n<div class=\"t m0 x7 h4f y8d0 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for as <span class=\"_ _2b\"></span>deposits usin<span class=\"_ _0\"></span>g the eff<span class=\"_ _0\"></span>ective i<span class=\"_ _2b\"></span>nte<span class=\"lse2\">rest<span class=\"_ _2\"></span> method. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d2 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deposits from rei<span class=\"_ _2\"></span>nsurers under ceded rei<span class=\"_ _2\"></span>nsurance<span class=\"ls0 ws0\">, <span class=\"lse0 wsfa\">that transf<span class=\"_ _0\"></span>er </span></span></div>\n<div class=\"t m0 x7 h4f y8d3 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">equa<span class=\"_ _0\"></span>l the amount<span class=\"_ _0\"></span> due at the date<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of the </span></span></div>\n<div class=\"t m0 x7 h4f yb28 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb29 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2a ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Liabilit<span class=\"_ _2b\"></span>ies relating t<span class=\"_ _2b\"></span>o ceded reins<span class=\"_ _0\"></span>urance b<span class=\"_ _0\"></span>usiness<span class=\"_ _0\"></span><span class=\"ls0 ws0\">, <span class=\"lse0 wsfa\">that do not t<span class=\"_ _0\"></span>ransfer </span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>may be considere<span class=\"_ _2\"></span>d to be financi<span class=\"_ _2\"></span>al liabilities</div>\n<div class=\"t m0 x7 h4f yb2c ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies are <span class=\"_ _0\"></span>account<span class=\"_ _2b\"></span>ed for in the sa<span class=\"_ _0\"></span>me way as <span class=\"_ _2b\"></span>other financia<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x7 h4f yb2d ffe8 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>ies.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 361px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 445px; width: 349px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y892 ffe8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.12<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span>Debt <span class=\"_ _2\"></span><span class=\"lsfb wsfa\">certifi<span class=\"_ _2\"></span>cates<span class=\"lse2\">, subord<span class=\"_ _2\"></span>inated liabilities<span class=\"_ _2\"></span> and other borrowin<span class=\"_ _2\"></span>gs<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y893 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Debt certi<span class=\"_ _2\"></span>ficates, subordinated<span class=\"_ _2\"></span> liabilities and o<span class=\"_ _2\"></span>ther borrowings are<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y894 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">initiall<span class=\"_ _0\"></span>y recog<span class=\"_ _0\"></span>nised at<span class=\"_ _0\"></span> fair val<span class=\"_ _2b\"></span>ue including d<span class=\"_ _0\"></span>irect t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ion cost<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y895 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">incurred. Su<span class=\"_ _2\"></span>bsequently, they are<span class=\"_ _2\"></span> measured at amor<span class=\"_ _2\"></span>tised cost, and <span class=\"_ _2\"></span>any</div>\n<div class=\"t m0 x7 h4f y896 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">difference be<span class=\"_ _2\"></span>tween net proceed<span class=\"_ _2\"></span>s and the redempti<span class=\"lse0 wsf0\">on value is </span></div>\n<div class=\"t m0 x7 h4f y897 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent over the p<span class=\"_ _0\"></span>eriod of t<span class=\"_ _2b\"></span>he borrowing<span class=\"ls0 ws0\">, </span></div>\n<div class=\"t m0 x7 h4f y898 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using the eff<span class=\"_ _2b\"></span>ective interes<span class=\"_ _0\"></span>t method.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y899 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y89a ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Debt tha<span class=\"_ _0\"></span>t can be c<span class=\"_ _2b\"></span>onverted int<span class=\"_ _0\"></span>o a fixe<span class=\"_ _0\"></span>d number <span class=\"_ _0\"></span>of <span class=\"lse2 wsf1\">Ageas's <span class=\"wsfa\">own s<span class=\"_ _2\"></span>hares is </span></span></div>\n<div class=\"t m0 x7 h4f y89b ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">separated in<span class=\"_ _2\"></span>to two components<span class=\"_ _2\"></span> on initial recogni<span class=\"_ _2\"></span>tion: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89c ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 ls102 ws129\">A<span class=\"_ _2\"></span> liabilit<span class=\"lse0 wsf0\">y instrument<span class=\"_ _0\"></span>, determ<span class=\"_ _0\"></span>ined by meas<span class=\"_ _2b\"></span>uring the fair valu<span class=\"_ _0\"></span>e of a </span></span></span></div>\n<div class=\"t m0 x43 h4f y89d ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">similar l<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> (includ<span class=\"_ _0\"></span>ing any emb<span class=\"_ _0\"></span>edded non<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">equity derivative </span></span></div>\n<div class=\"t m0 x43 h4f y89e ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">features) tha<span class=\"_ _2\"></span>t do not have an associated equ<span class=\"_ _2\"></span>ity component; and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89f ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsfa\">An equity inst<span class=\"_ _0\"></span>rument,<span class=\"_ _0\"></span> of whi<span class=\"_ _0\"></span>ch the c<span class=\"_ _0\"></span>arrying <span class=\"_ _0\"></span>amount r<span class=\"_ _0\"></span>eprese<span class=\"_ _0\"></span>nts the </span></span></div>\n<div class=\"t m0 x43 h4f y8a0 ffe8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">optio<span class=\"wsfa\">n t<span class=\"_ _0\"></span>o conve<span class=\"_ _0\"></span>rt the inst<span class=\"_ _2b\"></span>rument into c<span class=\"_ _0\"></span>ommon sh<span class=\"_ _2b\"></span>ares, determi<span class=\"_ _0\"></span>ned </span></div>\n<div class=\"t m0 x43 h4f y8a1 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by deduct<span class=\"_ _0\"></span>ing the car<span class=\"_ _0\"></span>rying amo<span class=\"_ _0\"></span>unt of the fi<span class=\"_ _0\"></span>nancial li<span class=\"_ _2b\"></span>ability from the</div>\n<div class=\"t m0 x43 h4f y8a2 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the com<span class=\"_ _2b\"></span>pound instrum<span class=\"_ _2b\"></span>ent as a whole.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a3 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2e ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">If Ageas<span class=\"_ _2\"></span> redeems the debt<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsef\">cert<span class=\"_ _2b\"></span>ificates<span class=\"lse2 wsfa\">, subordinated<span class=\"_ _2\"></span> liabilities and o<span class=\"_ _2\"></span>ther </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2f ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">borrow<span class=\"lse0 wsf0\">ings, these ar<span class=\"_ _2b\"></span>e removed from the st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> of financi<span class=\"_ _0\"></span>al positi<span class=\"_ _0\"></span>on </span></div>\n<div class=\"t m0 x7 h4f yb30 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce betw<span class=\"_ _2b\"></span>een the carryi<span class=\"_ _2b\"></span>ng amount of t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _0\"></span>y and t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f yb31 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration paid is i<span class=\"_ _0\"></span>nclude<span class=\"_ _0\"></span>d in the i<span class=\"_ _2b\"></span>ncome stateme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 346px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 351px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f y977 ffe8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.13<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span><span class=\"wsfa\">Employ<span class=\"_ _2\"></span>ee benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h55 y9bc ffea fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Pension <span class=\"ls102 ws11d\">li<span class=\"_ _2\"></span>abilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9bd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ope<span class=\"_ _0\"></span>rates a num<span class=\"_ _2b\"></span>ber of defined benef<span class=\"_ _0\"></span>it and def<span class=\"_ _0\"></span>ined contr<span class=\"_ _2b\"></span>ibution</div>\n<div class=\"t m0 x1a h4f y9be ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">pension plans<span class=\"_ _2\"></span> throughout its global activit<span class=\"_ _2\"></span>ies, in accordance with lo<span class=\"_ _2\"></span>cal</div>\n<div class=\"t m0 x1a h4f y9bf ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">conditions or ind<span class=\"_ _2\"></span>ustry practices. The pension<span class=\"_ _2\"></span> plans are generally funded</div>\n<div class=\"t m0 x1a h4f y9c0 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">through p<span class=\"_ _0\"></span>ayments t<span class=\"_ _0\"></span>o insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mpanies or t<span class=\"_ _0\"></span>o trustee ad<span class=\"_ _0\"></span>mini<span class=\"lse2 wsf1\">stered </span></div>\n<div class=\"t m0 x1a h4f y9c1 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">plans. Th<span class=\"_ _0\"></span>e funding is<span class=\"_ _0\"></span> determin<span class=\"_ _0\"></span>ed by peri<span class=\"_ _2b\"></span>odic actuarial ca<span class=\"_ _0\"></span>lculati<span class=\"_ _0\"></span>ons.</div>\n<div class=\"t m0 x1a h4f y97e ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Qualifi<span class=\"_ _0\"></span>ed actua<span class=\"_ _0\"></span>ries calcu<span class=\"_ _0\"></span>late the pe<span class=\"_ _0\"></span>nsion ass<span class=\"_ _0\"></span>ets and liabi<span class=\"_ _2b\"></span>lities at least</div>\n<div class=\"t m0 x1a h4f y97f ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">annually.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y980 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y981 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A defined b<span class=\"_ _0\"></span>enefit pla<span class=\"_ _0\"></span>n is a pensio<span class=\"_ _0\"></span>n plan that de<span class=\"_ _0\"></span>fines an amo<span class=\"_ _2b\"></span>unt of</div>\n<div class=\"t m0 x1a h4f y982 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">pension <span class=\"_ _0\"></span>benefit<span class=\"_ _0\"></span> that an e<span class=\"_ _2b\"></span>mpl<span class=\"wsf0\">oyee will rece<span class=\"_ _2b\"></span>ive on retirement<span class=\"_ _0\"></span>, usually </span></div>\n<div class=\"t m0 x1a h4f y983 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dependa<span class=\"_ _2b\"></span>nt on one or more facto<span class=\"_ _0\"></span>rs such as age a<span class=\"_ _2b\"></span>nd years of service. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y984 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c2 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A defined c<span class=\"_ _0\"></span>ontribu<span class=\"_ _0\"></span>tion pla<span class=\"_ _0\"></span>n is a pension p<span class=\"_ _0\"></span>lan under w<span class=\"_ _0\"></span>hich Age<span class=\"_ _0\"></span>as pays</div>\n<div class=\"t m0 x1a h4f y9c3 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fixed co<span class=\"_ _0\"></span>ntribut<span class=\"_ _0\"></span>ions.<span class=\"_ _0\"></span> However,<span class=\"_ _0\"></span> under I<span class=\"_ _2b\"></span>AS 19, a define<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>ibution <span class=\"_ _0\"></span>plan</div>\n<div class=\"t m0 x1a h4f y9c4 ffe8 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">with<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">a guar<span class=\"_ _0\"></span>anteed <span class=\"_ _0\"></span>return is<span class=\"_ _0\"></span> treate<span class=\"_ _2b\"></span>d as a defined be<span class=\"_ _2b\"></span>nefit plan ins<span class=\"_ _0\"></span>tead of a </span></div>\n<div class=\"t m0 x1a h4f y9c5 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">defined c<span class=\"_ _0\"></span>ontrib<span class=\"_ _0\"></span>ution plan d<span class=\"_ _0\"></span>ue to the (leg<span class=\"_ _0\"></span>ally det<span class=\"_ _0\"></span>ermined) gu<span class=\"_ _2b\"></span>aranteed</div>\n<div class=\"t m0 x1a h4f y9c6 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">return i<span class=\"_ _0\"></span>ncluded<span class=\"_ _0\"></span> in thos<span class=\"_ _0\"></span>e plans.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb9 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For defi<span class=\"_ _0\"></span>ned benefi<span class=\"_ _0\"></span>t plans, t<span class=\"_ _0\"></span>he pensio<span class=\"_ _0\"></span>n costs and re<span class=\"_ _0\"></span>lated pens<span class=\"_ _2b\"></span>ion assets</div>\n<div class=\"t m0 x1a h4f ycba ffe8 fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">or liab<span class=\"_ _2\"></span>iliti<span class=\"lse0 wsf0\">es are est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>ing the <span class=\"ls0 ws0\">P</span><span class=\"wsef\">roject<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"ls0 ws0\">U<span class=\"lsf4 ws10c\">nit </span>C<span class=\"lse2 ws103\">redit m<span class=\"_ _2\"></span>ethod</span> <span class=\"lse2 wsf1\">(PUC)<span class=\"lsf4 ws10c\">. </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f ycbb ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under th<span class=\"_ _2b\"></span>is method:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbc ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse2 ws103\">Ea<span class=\"_ _2\"></span>ch period of service give<span class=\"_ _2\"></span>s rise to an additional unit<span class=\"_ _2\"></span> of benefit </span></span></div>\n<div class=\"t m0 x6c h4f ycbd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">entitle<span class=\"_ _0\"></span>ment and ea<span class=\"_ _0\"></span>ch unit is me<span class=\"_ _0\"></span>asured sep<span class=\"_ _0\"></span>arately<span class=\"_ _0\"></span> in order to b<span class=\"_ _0\"></span>uild</div>\n<div class=\"t m0 x6c h4f ycbe ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">up the final liabi<span class=\"_ _2\"></span>lity;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbf ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The cost of prov<span class=\"lse2 ws103\">iding these benefits is char<span class=\"_ _2\"></span>ged to the income </span></span></span></div>\n<div class=\"t m0 x6c h4f ycc0 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt to spread t<span class=\"_ _0\"></span>he pensi<span class=\"_ _0\"></span>on cost <span class=\"_ _0\"></span>over the s<span class=\"_ _2b\"></span>ervice lives <span class=\"_ _0\"></span>of the</div>\n<div class=\"t m0 x6c h4f ycc1 ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">employees;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc2 ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsfa\">The pension li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> is measu<span class=\"_ _2b\"></span>red at the pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of the </span></span></div>\n<div class=\"t m0 x6c h4f ycc3 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fut<span class=\"_ _2b\"></span>ure cash outflows<span class=\"_ _0\"></span> using inter<span class=\"_ _2b\"></span>est rates determi<span class=\"_ _0\"></span>ned by</div>\n<div class=\"t m0 x6c h4f ycc4 ffe8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">refe<span class=\"wsf0\">renc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to ma<span class=\"_ _0\"></span>rket yiel<span class=\"_ _2b\"></span>ds on high quality co<span class=\"_ _0\"></span>rporate b<span class=\"_ _0\"></span>onds, wh<span class=\"_ _0\"></span>ich </span></div>\n<div class=\"t m0 x6c h4f ycc5 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">have te<span class=\"_ _0\"></span>rms to mat<span class=\"_ _2b\"></span>urity approx<span class=\"_ _0\"></span>imating<span class=\"_ _2b\"></span> the terms of th<span class=\"_ _0\"></span>e relate<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x6c h4f ycc6 ffe8 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">liability. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc7 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc8 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rements, compri<span class=\"_ _2b\"></span>sing actuarial gai<span class=\"_ _2b\"></span>ns and losses, the eff<span class=\"_ _0\"></span>ect of</div>\n<div class=\"t m0 x1a h4f ycc9 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the asset ce<span class=\"_ _0\"></span>iling and th<span class=\"_ _2b\"></span>e return on plan asset<span class=\"_ _0\"></span>s (exclu<span class=\"_ _0\"></span>ding net int<span class=\"_ _0\"></span>erest),</div>\n<div class=\"t m0 x1a h4f yd1a ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are recognised<span class=\"_ _2\"></span> immediately in the statement<span class=\"_ _2\"></span> of financial position throu<span class=\"_ _2\"></span>gh</div>\n<div class=\"t m0 x1a h4f yc26 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">other com<span class=\"_ _0\"></span>prehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e in the repo<span class=\"_ _0\"></span>rting per<span class=\"_ _0\"></span>iod in which t<span class=\"_ _0\"></span>hey occu<span class=\"_ _0\"></span>r.</div>\n<div class=\"t m0 x1a h4f yc27 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rements are n<span class=\"_ _0\"></span>ot recl<span class=\"_ _0\"></span>assifie<span class=\"_ _0\"></span>d to the i<span class=\"_ _2b\"></span>ncome stateme<span class=\"_ _2b\"></span>nt in</div>\n<div class=\"t m0 x1a h4f yc28 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">subsequent per<span class=\"lse0 wsf0\">iods. Net interes<span class=\"_ _0\"></span>t is calcul<span class=\"_ _2b\"></span>ated by applying the d<span class=\"_ _0\"></span>iscount </span></div>\n<div class=\"t m0 x1a h4f yc29 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate to the net<span class=\"_ _0\"></span> defined b<span class=\"_ _0\"></span>enefit li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> or asset.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2a ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc2b ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Past servi<span class=\"_ _0\"></span>ce costs ar<span class=\"_ _2b\"></span>e recognised in prof<span class=\"_ _2b\"></span>it or loss on the earlie<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>of:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2c ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The date of the plan amen<span class=\"_ _2b\"></span>dment or curtail<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc2d ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The date that <span class=\"lse2 ws103\">Ageas recognises res<span class=\"_ _2\"></span>tructuring</span></span><span class=\"ffe8\">-<span class=\"lse0 wsf0\">related co<span class=\"_ _0\"></span>sts.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 739px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 744px; width: 354px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Assets that support<span class=\"_ _2\"></span> the pension liabilities<span class=\"_ _2\"></span> of an entity, must meet certain<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y803 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">criteri<span class=\"_ _0\"></span>a in order to be cl<span class=\"_ _2b\"></span>assified as \u2018qual<span class=\"_ _0\"></span>ifying p<span class=\"_ _0\"></span>ension pla<span class=\"_ _0\"></span>n assets\u2019.<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These c<span class=\"_ _0\"></span>riteria <span class=\"_ _0\"></span>relate t<span class=\"_ _2b\"></span>o the<span class=\"ls0 ws0\"> </span>fact that th<span class=\"_ _0\"></span>ese ass<span class=\"_ _0\"></span>ets shou<span class=\"_ _0\"></span>ld be leg<span class=\"_ _0\"></span>ally</div>\n<div class=\"t m0 x7 h4f y805 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>e from Ageas or <span class=\"_ _0\"></span>its cre<span class=\"_ _0\"></span>ditors. I<span class=\"_ _2b\"></span>f this is not t<span class=\"_ _0\"></span>he case,<span class=\"_ _0\"></span> the ass<span class=\"_ _0\"></span>ets</div>\n<div class=\"t m0 x7 h4f y806 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are incl<span class=\"_ _0\"></span>uded in t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>evant it<span class=\"_ _0\"></span>em on th<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent of financia<span class=\"_ _0\"></span>l posit<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x7 h4f y807 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(such as inv<span class=\"_ _2b\"></span>estments or prope<span class=\"_ _0\"></span>rty, plant<span class=\"_ _0\"></span> and equip<span class=\"_ _0\"></span>ment). If<span class=\"_ _0\"></span> the asse<span class=\"lsf4 ws10c\">ts </span></div>\n<div class=\"t m0 x7 h4f y808 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">meet th<span class=\"_ _0\"></span>e criter<span class=\"_ _0\"></span>ia, thes<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s are ne<span class=\"_ _0\"></span>tted ag<span class=\"_ _0\"></span>ainst th<span class=\"_ _0\"></span>e pensio<span class=\"_ _0\"></span>n liabil<span class=\"_ _0\"></span>ity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When the fa<span class=\"_ _0\"></span>ir value of<span class=\"_ _0\"></span> the plan ass<span class=\"_ _0\"></span>ets is nette<span class=\"_ _0\"></span>d against<span class=\"_ _0\"></span> the present<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y80b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the o<span class=\"_ _2b\"></span>bligation of a defin<span class=\"_ _0\"></span>ed benefit pl<span class=\"_ _2b\"></span>an, the resulting am<span class=\"_ _2b\"></span>ount</div>\n<div class=\"t m0 x7 h4f y80c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">could be ne<span class=\"_ _0\"></span>gative (<span class=\"_ _0\"></span>an asset). If<span class=\"_ _0\"></span> this<span class=\"ls0 ws0\"> </span>is the cas<span class=\"_ _0\"></span>e, the reco<span class=\"_ _0\"></span>gnised as<span class=\"_ _0\"></span>set</div>\n<div class=\"t m0 x7 h4f y80d ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cannot ex<span class=\"_ _0\"></span>ceed t<span class=\"_ _0\"></span>he prese<span class=\"_ _2b\"></span>nt value of any<span class=\"_ _0\"></span> economi<span class=\"_ _0\"></span>c benef<span class=\"_ _0\"></span>its avai<span class=\"_ _0\"></span>lable i<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y80e ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the form<span class=\"_ _0\"></span> of refu<span class=\"_ _0\"></span>nds from t<span class=\"_ _2b\"></span>he plan or redu<span class=\"_ _2b\"></span>ctions in futur<span class=\"_ _2b\"></span>e contributio<span class=\"_ _0\"></span>ns to</div>\n<div class=\"t m0 x7 h4f y80f ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the plan (\u2018as<span class=\"_ _2b\"></span>set ceiling\u2019).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y810 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90a ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Benefit<span class=\"_ _0\"></span> plans that pr<span class=\"_ _0\"></span>ovide lon<span class=\"_ _0\"></span>g<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term servic<span class=\"_ _2\"></span>e be</span></span>nefits<span class=\"_ _0\"></span>, but that a<span class=\"_ _0\"></span>re not</div>\n<div class=\"t m0 x7 h4f y90b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension p<span class=\"_ _0\"></span>lans, ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d at present<span class=\"_ _0\"></span> value<span class=\"ls0 ws0\">, </span>using the pr<span class=\"_ _0\"></span>ojecte<span class=\"_ _0\"></span>d unit</div>\n<div class=\"t m0 x7 h4f y90c ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">credit m<span class=\"_ _0\"></span>ethod. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90e ffed fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas's <span class=\"lse0 wsfa\">contributions<span class=\"_ _0\"></span> to def<span class=\"_ _0\"></span>ined co<span class=\"_ _0\"></span>ntributi<span class=\"_ _2b\"></span>on pension pla<span class=\"_ _2b\"></span>ns are charged </span></div>\n<div class=\"t m0 x7 h4f y90f ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the i<span class=\"_ _0\"></span>ncome st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> in the y<span class=\"_ _2b\"></span>ear to which t<span class=\"_ _0\"></span>hey relat<span class=\"_ _2b\"></span>e, except for</div>\n<div class=\"t m0 x7 h4f y910 ffed fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">de<span class=\"wsfa\">fined c<span class=\"_ _2b\"></span>ontribution p<span class=\"_ _0\"></span>lans w<span class=\"_ _0\"></span>ith a gua<span class=\"_ _0\"></span>rantee<span class=\"_ _0\"></span>d return, t<span class=\"_ _2b\"></span>hat follow t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y911 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing treat<span class=\"_ _0\"></span>ment of a defi<span class=\"_ _2b\"></span>ned benefit plan.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yb2a ffef fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other post<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">retirement<span class=\"_ _2b\"></span> liabilities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Some of t<span class=\"_ _2\"></span>he Ageas companie<span class=\"_ _2\"></span>s provide post<span class=\"ls0 ws0\">-</span><span class=\"lse0\">retirement e<span class=\"_ _0\"></span>mployee </span></div>\n<div class=\"t m0 x7 h4f yb2c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s to retire<span class=\"_ _0\"></span>es, such as pr<span class=\"_ _0\"></span>eferent<span class=\"_ _2b\"></span>ial int<span class=\"lse2 wsfa\">erest ra<span class=\"_ _2\"></span>te loans and health<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f yb2d ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">care insur<span class=\"_ _2b\"></span>ance. Entitleme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>to th<span class=\"_ _0\"></span>ese benef<span class=\"_ _2b\"></span>its is usually based o<span class=\"_ _0\"></span>n the</div>\n<div class=\"t m0 x7 h4f y962 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">employe<span class=\"_ _2b\"></span>e remaining in s<span class=\"_ _2b\"></span>ervice up to ret<span class=\"_ _0\"></span>irement<span class=\"_ _0\"></span> age and <span class=\"_ _2b\"></span>the completio<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y963 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of a minimu<span class=\"_ _0\"></span>m service pe<span class=\"_ _0\"></span>riod. Ex<span class=\"_ _0\"></span>pected c<span class=\"_ _0\"></span>osts of these b<span class=\"_ _2b\"></span>enefits are</div>\n<div class=\"t m0 x7 h4f y964 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accrued ov<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e period of em<span class=\"_ _2b\"></span>ployment, usin<span class=\"_ _2b\"></span>g a <span class=\"_ _2\"></span>met<span class=\"_ _0\"></span>hodolo<span class=\"_ _0\"></span>gy similar t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x7 h4f y965 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">that for def<span class=\"_ _0\"></span>ined be<span class=\"_ _0\"></span>nefit pens<span class=\"_ _0\"></span>ion plans<span class=\"_ _0\"></span>. These liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> are determi<span class=\"_ _2b\"></span>ned</div>\n<div class=\"t m0 x7 h4f y966 ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>actuarial calculations<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 y897 ffef fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Equity option<span class=\"_ _2\"></span>s and equity p<span class=\"_ _2\"></span>articipation plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y898 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Share options<span class=\"_ _2\"></span> and restricted shares, both equi<span class=\"_ _2\"></span>ty settled<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">and cash sett<span class=\"_ _0\"></span>led </span></span></div>\n<div class=\"t m0 x7 h4f y899 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">plans, ar<span class=\"_ _0\"></span>e granted<span class=\"_ _0\"></span> to directo<span class=\"_ _0\"></span>rs and empl<span class=\"_ _2b\"></span>oyees for services r<span class=\"_ _0\"></span>eceive<span class=\"_ _0\"></span>d. The</div>\n<div class=\"t m0 x7 h4f y89a ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue of the s<span class=\"_ _2b\"></span>ervices rece<span class=\"_ _0\"></span>ived is <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>ned by r<span class=\"_ _0\"></span>eference t<span class=\"_ _2b\"></span>o the fair</div>\n<div class=\"t m0 x7 h4f y89b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the s<span class=\"_ _0\"></span>hare opti<span class=\"_ _0\"></span>ons and rest<span class=\"_ _0\"></span>ricted sh<span class=\"_ _0\"></span>ares gra<span class=\"_ _0\"></span>nted. The ex<span class=\"_ _2b\"></span>pense</div>\n<div class=\"t m0 x7 h4f y89c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of equity opt<span class=\"_ _2b\"></span>ions and equity pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion plans is<span class=\"_ _0\"></span> measure<span class=\"_ _0\"></span>d at the grant</div>\n<div class=\"t m0 x7 h4f y89d ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date bas<span class=\"_ _0\"></span>ed on the fair val<span class=\"_ _0\"></span>ue of the opt<span class=\"_ _0\"></span>ions and res<span class=\"_ _0\"></span>tricte<span class=\"_ _0\"></span>d shares an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>is</div>\n<div class=\"t m0 x7 h4f y89e ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement, eit<span class=\"_ _2b\"></span>her immediately at<span class=\"_ _0\"></span> grant dat<span class=\"_ _0\"></span>e if</div>\n<div class=\"t m0 x7 h4f y89f ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">there is no ves<span class=\"_ _0\"></span>ting per<span class=\"_ _0\"></span>iod, or over t<span class=\"_ _0\"></span>he vesting p<span class=\"_ _0\"></span>eriod of<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">the options and </span></span></div>\n<div class=\"t m0 x7 h4f y8a0 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">restricted share<span class=\"_ _2\"></span>s. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a1 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a2 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Equity set<span class=\"_ _0\"></span>tled pla<span class=\"_ _0\"></span>ns are acco<span class=\"_ _0\"></span>unted for as<span class=\"_ _0\"></span> an increas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in equ<span class=\"_ _2b\"></span>ity and are</div>\n<div class=\"t m0 x7 h4f y8a3 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>red for t<span class=\"_ _2b\"></span>he number of sh<span class=\"_ _2b\"></span>ares until the v<span class=\"_ _0\"></span>esting c<span class=\"_ _0\"></span>onditio<span class=\"_ _0\"></span>ns are</div>\n<div class=\"t m0 x7 h4f yb2e ffed fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">met. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2f ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb30 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Cash sett<span class=\"_ _0\"></span>led plans ar<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>nted for as an inc<span class=\"_ _2b\"></span>rease in liabilitie<span class=\"_ _0\"></span>s and<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x7 h4f yb31 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>red bot<span class=\"_ _2b\"></span>h for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd1b fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsfa\">The number of s<span class=\"_ _2b\"></span>hares until the v<span class=\"_ _2b\"></span>esting conditi<span class=\"_ _2b\"></span>ons are met<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x7 h4f yd1c fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsfa\">The change in t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of the res<span class=\"_ _2b\"></span>tricted shares<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybdc ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>red expenses are re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the incom<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>sta<span class=\"_ _0\"></span>tement du<span class=\"_ _0\"></span>ring</div>\n<div class=\"t m0 x1a h4f ybdd ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the vest<span class=\"_ _0\"></span>ing peri<span class=\"_ _2b\"></span>od. Expenses r<span class=\"_ _2b\"></span>elated to <span class=\"lse2\">current and pa<span class=\"_ _2\"></span>st periods are </span></div>\n<div class=\"t m0 x1a h4f ybde ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">directl<span class=\"_ _0\"></span>y recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he income stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybdf ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe0 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value of<span class=\"_ _0\"></span> the sha<span class=\"_ _0\"></span>re opti<span class=\"_ _0\"></span>ons is det<span class=\"_ _0\"></span>ermine<span class=\"_ _0\"></span>d using a<span class=\"_ _2b\"></span>n option<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">pricing </span></span></div>\n<div class=\"t m0 x1a h4f ybe1 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">model th<span class=\"_ _2b\"></span>at takes into ac<span class=\"_ _0\"></span>count t<span class=\"_ _0\"></span>he follo<span class=\"_ _2b\"></span>wing:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybe2 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The stock price at the g<span class=\"_ _0\"></span>rant dat<span class=\"_ _0\"></span>e;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybe3 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The exercise pric<span class=\"_ _2b\"></span>e;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybe4 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsf0\">expect<span class=\"_ _0\"></span>ed life of<span class=\"_ _0\"></span> the option;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybe5 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The expected volat<span class=\"_ _2b\"></span>ility of the underl<span class=\"_ _0\"></span>ying stock<span class=\"_ _0\"></span> and expe<span class=\"_ _0\"></span>cted </span></span></div>\n<div class=\"t m0 x6c h4f ybe6 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds on it<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and </span> </span></div>\n<div class=\"t m0 x1a h4f ybe7 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The risk</span><span class=\"ffed\">-<span class=\"lse0 wsf0\">free intere<span class=\"_ _2b\"></span>st rate over the expect<span class=\"_ _0\"></span>ed life of the o<span class=\"_ _2b\"></span>ption.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybe8 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe9 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When the opt<span class=\"_ _0\"></span>ions are ex<span class=\"_ _2b\"></span>ercised and new shar<span class=\"_ _2b\"></span>es are issued, the</div>\n<div class=\"t m0 x1a h4f ybea ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceeds recei<span class=\"_ _2\"></span>v<span class=\"lse0 wsfa\">ed,<span class=\"_ _0\"></span> net of a<span class=\"_ _0\"></span>ny trans<span class=\"_ _0\"></span>action c<span class=\"_ _0\"></span>osts, a<span class=\"_ _0\"></span>re credi<span class=\"_ _2b\"></span>ted to share </span></div>\n<div class=\"t m0 x1a h4f ybeb ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">capital (par<span class=\"_ _2\"></span> value) and the surplus to share<span class=\"_ _2\"></span> premium. If for this purpos<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x1a h4f ybec ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">own shar<span class=\"_ _2b\"></span>es have been rep<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>ed, thes<span class=\"_ _0\"></span>e will b<span class=\"_ _0\"></span>e elimi<span class=\"_ _0\"></span>nated fr<span class=\"_ _2b\"></span>om</div>\n<div class=\"t m0 x1a h4f ybed ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">treasu<span class=\"_ _0\"></span>ry stock.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 819px; height: 278px; width: 353px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 293px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h55 yb3e ffef fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee ent<span class=\"_ _2\"></span>itlements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3f ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee ent<span class=\"_ _2\"></span>itlements to<span class=\"ls0 ws0\"> </span><span class=\"ws103\">ann<span class=\"_ _2\"></span>ual leave and long<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">service leav<span class=\"_ _0\"></span>e are </span></span></span></div>\n<div class=\"t m0 x1a h4f yb40 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed when t<span class=\"_ _0\"></span>hey accru<span class=\"_ _0\"></span>e to employ<span class=\"_ _0\"></span>ees. A<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">provision is made for<span class=\"_ _2\"></span> the </span></span></div>\n<div class=\"t m0 x1a h4f yb41 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed liability f<span class=\"_ _0\"></span>or annua<span class=\"_ _0\"></span>l leave a<span class=\"_ _2b\"></span>nd long<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">service lea<span class=\"_ _0\"></span>ve as a result<span class=\"_ _0\"></span> of </span></div>\n<div class=\"t m0 x1a h4f yb42 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s rende<span class=\"_ _0\"></span>red by em<span class=\"_ _0\"></span>ployees <span class=\"_ _2b\"></span>up to the date of<span class=\"_ _0\"></span> the st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>t of</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 725px; height: 361px; width: 353px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 834px; width: 353px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yb43 ffed fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">fina<span class=\"lse0 wsf0\">ncial posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ycbe ffed fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.14 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsef\">Prov<span class=\"_ _2b\"></span>isions <span class=\"lse2 wsf1\">and<span class=\"ls0 ws0\"> </span>cont<span class=\"_ _2\"></span>ingencies<span class=\"ls0 ws0\"> </span></span></span></span></div>\n\n<div class=\"t m0 x1a h55 y991 ffef fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y992 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons are l<span class=\"_ _2b\"></span>iabilities inv<span class=\"_ _2b\"></span>olving uncert<span class=\"_ _0\"></span>ainties i<span class=\"_ _2b\"></span>n the amount o<span class=\"_ _0\"></span>r timin<span class=\"_ _0\"></span>g</div>\n<div class=\"t m0 x1a h4f y993 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of payment. Pro<span class=\"_ _2\"></span>visions are recognised if ther<span class=\"_ _2\"></span>e is a present obligation<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y994 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(legal or co<span class=\"_ _0\"></span>nstruct<span class=\"_ _0\"></span>ive) to tra<span class=\"_ _0\"></span>nsfer eco<span class=\"_ _0\"></span>nomic b<span class=\"lse1 ws104\">enefits, s<span class=\"_ _2b\"></span>uch as cash flows, </span></div>\n<div class=\"t m0 x1a h4f y995 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a result of p<span class=\"_ _0\"></span>ast events<span class=\"_ _0\"></span> and if a reliab<span class=\"_ _0\"></span>le estim<span class=\"_ _0\"></span>ate can be mad<span class=\"_ _0\"></span>e at the</div>\n<div class=\"t m0 x1a h4f y996 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date of t<span class=\"_ _2b\"></span>he statement of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial pos<span class=\"_ _2b\"></span>ition. Provisi<span class=\"_ _0\"></span>ons are e<span class=\"_ _0\"></span>stablis<span class=\"_ _0\"></span>hed for</div>\n<div class=\"t m0 x1a h4f y997 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n guarant<span class=\"_ _0\"></span>ee contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>for w<span class=\"_ _0\"></span>hich Ageas<span class=\"_ _0\"></span> is respons<span class=\"_ _2b\"></span>ible to pay upon</div>\n<div class=\"t m0 x1a h4f y9c8 ffed fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">default<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">of payment.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Provi<span class=\"_ _0\"></span>sions ar<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>ed based on a<span class=\"_ _0\"></span>ll relevant </span></span></div>\n<div class=\"t m0 x1a h4f y9c9 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">factors<span class=\"_ _0\"></span> and inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n existing at th<span class=\"_ _2b\"></span>e date of the stat<span class=\"_ _2b\"></span>ement of fina<span class=\"_ _2b\"></span>ncial</div>\n<div class=\"t m0 x1a h4f y9ca ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n and are typic<span class=\"_ _2b\"></span>ally discounte<span class=\"_ _2b\"></span>d at <span class=\"_ _2\"></span>the ri<span class=\"_ _2b\"></span>sk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">free rate.</span> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 157px; width: 353px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 y99b ffef fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Contingencies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y99c ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Contingencies<span class=\"_ _0\"></span> are those uncertai<span class=\"_ _2b\"></span>nties of which<span class=\"ls0 ws0\"> </span>an amount<span class=\"_ _2b\"></span> cannot be</div>\n<div class=\"t m0 x1a h4f y99d ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reasonably est<span class=\"_ _0\"></span>imated or when it is<span class=\"_ _0\"></span> not probable t<span class=\"_ _0\"></span>hat payment will be</div>\n<div class=\"t m0 x1a h4f y99e ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">required to sett<span class=\"_ _0\"></span>le the obligation.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 57px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 62px; width: 353px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 665px; width: 353px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 839px; width: 353px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yd1d ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd1e ffed fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.15 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span></span>Equity components<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yd1f ffef fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Share cap<span class=\"_ _0\"></span>ital and sh<span class=\"_ _0\"></span>are <span class=\"lsfb wsfa\">issue<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"lse1\">costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd20 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Increm<span class=\"_ _0\"></span>ental cos<span class=\"_ _0\"></span>ts dir<span class=\"_ _0\"></span>ectly att<span class=\"_ _0\"></span>ributa<span class=\"_ _0\"></span>ble to t<span class=\"_ _0\"></span>he issue <span class=\"_ _2b\"></span>of new shares or<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd21 ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">share option<span class=\"_ _2\"></span>s, other than o<span class=\"_ _2\"></span>n a business combin<span class=\"_ _2\"></span>ation, are deduc<span class=\"_ _2\"></span>ted from</div>\n<div class=\"t m0 x1a h4f yd22 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity net<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of any re<span class=\"_ _0\"></span>lated inc<span class=\"_ _0\"></span>ome taxes<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 315px; height: 68px; width: 353px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 251px; height: 855px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 251px; height: 855px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 fff4 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Treasury shar<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span><span class=\"ls0 ws0\">p<span class=\"lse2 wsf1\">arent <span class=\"_ _2\"></span></span>c<span class=\"lse0 wsef\">ompan<span class=\"_ _0\"></span><span class=\"ls0 ws0\">y <span class=\"lse2 wsf1\">or<span class=\"_ _2\"></span> <span class=\"lsf4 ws10c\">its</span></span> <span class=\"lse2 wsfa\">subsidiaries <span class=\"_ _2\"></span>purchase Ageas share<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">capital<span class=\"_ _0\"></span> or obtain rig<span class=\"_ _0\"></span>hts to pu<span class=\"wsef\">rc<span class=\"_ _0\"></span>hase <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">share capit<span class=\"_ _2b\"></span>al, the </span></span></div>\n<div class=\"t m0 x7 h4f y805 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration paid includ<span class=\"_ _0\"></span>ing any att<span class=\"_ _2b\"></span>ributable trans<span class=\"_ _2b\"></span>action costs, net of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y806 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income t<span class=\"_ _0\"></span>axes, <span class=\"lse1 wsf0\">is <span class=\"lse2 ws103\">shown as a deduction from equ<span class=\"_ _2\"></span>ity.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y807 fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y808 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Dividen<span class=\"_ _2b\"></span>ds paid on treas<span class=\"_ _0\"></span>ury sh<span class=\"_ _0\"></span>ares hel<span class=\"_ _0\"></span>d by Ageas<span class=\"_ _0\"></span> compa<span class=\"_ _0\"></span>nies are</div>\n<div class=\"t m0 x7 h4f y809 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed when prepa<span class=\"_ _0\"></span>ring the <span class=\"_ _0\"></span><span class=\"ls0 ws0\">c<span class=\"lse0 wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial <span class=\"_ _2\"></span></span>s</span>tateme<span class=\"_ _2b\"></span>nts.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y80a fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80b fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas shares<span class=\"_ _2\"></span> held by Ageas<span class=\"_ _2\"></span>finlux S.A.<span class=\"ls0 ws0\">, <span class=\"_ _2\"></span></span><span class=\"lse0\">in t<span class=\"_ _2b\"></span>he context of F<span class=\"_ _0\"></span>RESH ca<span class=\"_ _2b\"></span>pital </span></div>\n<div class=\"t m0 x7 h4f y80c fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">securities<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>are <span class=\"lse0 wsef\">not<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">entitled t<span class=\"_ _2b\"></span>o dividend or ca<span class=\"_ _2b\"></span>pital. Thes<span class=\"wsf0\">e sha<span class=\"_ _2b\"></span>res are </span></span></span></div>\n<div class=\"t m0 x7 h4f y80d fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed in calculat<span class=\"_ _0\"></span>ing div<span class=\"_ _0\"></span>idend, n<span class=\"_ _0\"></span>et prof<span class=\"_ _0\"></span>it and eq<span class=\"_ _0\"></span>uity per s<span class=\"_ _2b\"></span>hare. The</div>\n<div class=\"t m0 x7 h4f y80e fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cost pric<span class=\"_ _0\"></span>e of the shares is<span class=\"_ _0\"></span> deducte<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>fr<span class=\"_ _0\"></span>om equity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 898px; height: 109px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 898px; height: 209px; width: 349px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h55 y884 fff4 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Compou<span class=\"_ _0\"></span>nd financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y885 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Compon<span class=\"_ _0\"></span>ents of c<span class=\"_ _0\"></span>ompound f<span class=\"_ _2b\"></span>inancial inst<span class=\"_ _2b\"></span>ruments (lia<span class=\"_ _0\"></span>bility a<span class=\"_ _0\"></span>nd equity</div>\n<div class=\"t m0 x7 h4f y886 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">parts) ar<span class=\"_ _0\"></span>e classifi<span class=\"_ _2b\"></span>ed <span class=\"wsfa\">in their resp<span class=\"_ _0\"></span>ective a<span class=\"_ _0\"></span>rea of t<span class=\"_ _0\"></span>he stat<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> financi<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x7 h4f y8cf fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y888 fff4 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Other equi<span class=\"_ _2\"></span>ty components<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y889 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other ele<span class=\"_ _0\"></span>ments rec<span class=\"_ _2b\"></span>orded in equity rel<span class=\"_ _0\"></span>ate to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88a fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 ws103\">D<span class=\"_ _2\"></span>irect equity movements of as<span class=\"_ _2\"></span>sociates (see paragraph 2.6<span class=\"_ _2\"></span>);</span><span class=\"fff2\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88b fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 wsfa\">F<span class=\"_ _2\"></span>oreign currency (s<span class=\"_ _2\"></span>ee paragraph 2.7);</span><span class=\"fff2\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88c fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 ls102 ws11d\">A<span class=\"_ _2\"></span>vailable</span><span class=\"fff2\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsfa\">sale inv<span class=\"_ _0\"></span>est<span class=\"lse2 ws103\">ments (see paragraph 2<span class=\"_ _2\"></span>.8.1);<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y88d fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse0 wsf0\">Cash flow hedges (s<span class=\"_ _2b\"></span>ee paragraph 2.8.<span class=\"_ _0\"></span>2);<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y88e fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 wsfa\">D<span class=\"_ _2\"></span>iscretionary partici<span class=\"_ _2\"></span>pation features (<span class=\"_ _2\"></span>see paragraph 2.8<span class=\"_ _2\"></span>.11);</span><span class=\"fff2\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88f fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 wsfa\">A<span class=\"_ _2\"></span>ctuarial gains and <span class=\"_ _2\"></span>losses on define<span class=\"_ _2\"></span>d benefit plan<span class=\"_ _2\"></span>s (see paragraph </span></span></div>\n<div class=\"t m0 x43 h4f y890 fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.13);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y891 fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 wsfa\">Sh<span class=\"_ _2\"></span>are options and r<span class=\"_ _2\"></span>estricted share plan<span class=\"_ _2\"></span>s (see paragraph 2<span class=\"_ _2\"></span>.8.13)</span><span class=\"fff2\">; </span></span></div>\n<div class=\"t m0 x43 h4f y892 fff2 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y893 fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 ws103\">D<span class=\"_ _2\"></span>ividend, treasury shares<span class=\"_ _2\"></span> and cancellation of shares.</span><span class=\"fff2\"> </span></span></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y9ad fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.16 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse1 wsf0\">Gross <span class=\"lse0 wsef\">prem<span class=\"_ _0\"></span>ium<span class=\"ls0 ws0\"> </span>incom<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h55 ycdb fff4 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Short<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">dura<span class=\"_ _2\"></span>tion versus long<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span></span>duration cont<span class=\"_ _2\"></span>racts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycdc fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A short<span class=\"ls0 ws0\">-</span>dur<span class=\"_ _0\"></span>ation in<span class=\"_ _2b\"></span>surance contr<span class=\"_ _0\"></span>act is a c<span class=\"_ _2b\"></span>ontract that pr<span class=\"_ _2b\"></span>ovides insura<span class=\"_ _0\"></span>nce</div>\n<div class=\"t m0 x7 h4f yc86 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">protect<span class=\"_ _0\"></span>ion for a f<span class=\"_ _2b\"></span>ixed <span class=\"wsf0\">period of s<span class=\"_ _0\"></span>hort durat<span class=\"_ _2b\"></span>ion and that enables<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x7 h4f yc87 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insurer t<span class=\"_ _2b\"></span>o cancel the c<span class=\"_ _0\"></span>ontract <span class=\"_ _0\"></span>or to adj<span class=\"_ _0\"></span>ust the t<span class=\"_ _0\"></span>erms of<span class=\"_ _0\"></span> the cont<span class=\"_ _0\"></span>ract at t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yc88 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">end of any cont<span class=\"_ _2b\"></span>ract period.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc89 fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc8a fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A long<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">duration contr<span class=\"_ _0\"></span>act is a contr<span class=\"_ _2b\"></span>act that generally<span class=\"_ _0\"></span> is not subject<span class=\"_ _0\"></span> to </span></span></div>\n<div class=\"t m0 x7 h4f yc8b fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unilateral <span class=\"_ _2\"></span>changes in its <span class=\"_ _2\"></span>terms,<span class=\"ls0 ws0\"> </span>such as a<span class=\"_ _2\"></span> non<span class=\"ls0 ws0\">-</span>cancellable <span class=\"_ _2\"></span>or guaranteed</div>\n<div class=\"t m0 x7 h4f yc8c fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">renewable cont<span class=\"_ _2\"></span>ract, and that requires the per<span class=\"_ _2\"></span>formance of various</div>\n<div class=\"t m0 x7 h4f yc8d fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">functio<span class=\"_ _2b\"></span>ns and services (inc<span class=\"_ _2b\"></span>luding insuranc<span class=\"_ _2b\"></span>e protection) for a<span class=\"_ _2b\"></span>n extended</div>\n<div class=\"t m0 x7 h4f yc8e fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">period.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yd24 fff4 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Premiu<span class=\"_ _0\"></span>m income w<span class=\"_ _0\"></span>hen receiv<span class=\"_ _0\"></span>ed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd25 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Premiums from <span class=\"ls0 ws0\">L<span class=\"_ _2\"></span></span>ife insurance contracts<span class=\"_ _2\"></span> an<span class=\"lse0 wsfa\">d lo<span class=\"_ _0\"></span>ng<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">duration i<span class=\"_ _2b\"></span>nvestment </span></span></div>\n<div class=\"t m0 x7 h4f yd26 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h Discret<span class=\"_ _2b\"></span>ionary Particip<span class=\"_ _2b\"></span>ation Features a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised as</div>\n<div class=\"t m0 x7 h4f yd27 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">revenue when due<span class=\"_ _2\"></span> from the policyholder<span class=\"_ _2\"></span>. Estimated future benefits and<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yd28 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span> are off<span class=\"_ _2b\"></span>set against suc<span class=\"_ _2b\"></span>h revenue in or<span class=\"_ _2b\"></span>der to recognis<span class=\"_ _2b\"></span>e profits</div>\n<div class=\"t m0 x7 h4f yd29 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">over the est<span class=\"_ _0\"></span>imated<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">life of the poli<span class=\"_ _2\"></span>cies. This matchi<span class=\"_ _2\"></span>ng is accomplished b<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yd2a fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the establ<span class=\"_ _2b\"></span>ishment of liabil<span class=\"_ _0\"></span>ities ari<span class=\"_ _0\"></span>sing from<span class=\"_ _0\"></span> insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts and</div>\n<div class=\"t m0 x1a h4f yd2b fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent contracts<span class=\"_ _0\"></span> with Dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary Pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion Fea<span class=\"_ _0\"></span>tures, a<span class=\"_ _0\"></span>nd by</div>\n<div class=\"t m0 x1a h4f yd2c fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the defer<span class=\"_ _0\"></span>ral and su<span class=\"_ _0\"></span>bseque<span class=\"_ _0\"></span>nt amortis<span class=\"_ _0\"></span>ation of upf<span class=\"_ _2b\"></span>ront expenses suc<span class=\"_ _2b\"></span>h as</div>\n<div class=\"t m0 x1a h4f yd2d fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on costs.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yd2e fff4 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Premium in<span class=\"_ _2\"></span>come when earned<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd2f fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For short<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">duration type contract<span class=\"_ _2\"></span>s (principally in </span>N<span class=\"lse2 wsf1\">on</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">life), premiums <span class=\"_ _2\"></span>are </span></span></div>\n<div class=\"t m0 x1a h4f yd30 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recorde<span class=\"_ _0\"></span>d as writt<span class=\"_ _0\"></span>en upon ince<span class=\"_ _0\"></span>ption of the co<span class=\"_ _2b\"></span>ntract. Premium<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f yd31 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent as earned o<span class=\"_ _2b\"></span>n a pro<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">rata basis over </span></div>\n<div class=\"t m0 x1a h4f yd32 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the term of the rel<span class=\"_ _2\"></span>ated policy coverage. The unea<span class=\"_ _2\"></span>rned premium reserve</div>\n<div class=\"t m0 x1a h4f yd33 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">represe<span class=\"_ _0\"></span>nts the port<span class=\"_ _2b\"></span>ion of the premium<span class=\"_ _0\"></span>s written rel<span class=\"_ _2b\"></span>ating to the unexpi<span class=\"_ _0\"></span>red</div>\n<div class=\"t m0 x1a h4f yd34 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">terms of the cov<span class=\"_ _2\"></span>erage.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 914px; height: 188px; width: 351px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 284px; height: 314px; width: 350px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h4f yd35 fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.17<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span><span class=\"lsf4 ws10c\">Interest, <span class=\"ls102 ws11d\">d<span class=\"_ _2\"></span>ividend</span></span> <span class=\"lse0 wsf0\">and other inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> income<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd36 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For all int<span class=\"_ _0\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">bea</span></span><span class=\"wsfa\">ring ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nts (whet<span class=\"_ _2b\"></span>her classifie<span class=\"_ _0\"></span>d as hel<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-</span></span></div>\n<div class=\"t m0 x1a h4f yd37 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">maturity, avai<span class=\"_ _2\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">for</span>-<span class=\"lse0 wsf0\">sale, held at f<span class=\"_ _0\"></span>air value thr<span class=\"_ _2b\"></span>ough profit or loss,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd38 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ives or oth<span class=\"_ _0\"></span>er assets o<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>liab<span class=\"_ _2b\"></span>ilities), interes<span class=\"_ _0\"></span>t incom<span class=\"_ _0\"></span>e and inter<span class=\"_ _0\"></span>est</div>\n<div class=\"t m0 x1a h4f yd39 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expense is<span class=\"_ _0\"></span> recogni<span class=\"_ _0\"></span>sed in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement on an ac<span class=\"_ _2b\"></span>crual b<span class=\"lse2 wsf1\">asis<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd3a fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">using t<span class=\"_ _0\"></span>he effect<span class=\"_ _2b\"></span>ive interest m<span class=\"_ _0\"></span>ethod b<span class=\"_ _0\"></span>ased on t<span class=\"_ _2b\"></span>he actual purch<span class=\"_ _2b\"></span>ase price</div>\n<div class=\"t m0 x1a h4f yd3b fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">includi<span class=\"_ _0\"></span>ng direct<span class=\"_ _0\"></span> trans<span class=\"_ _2b\"></span>action costs. I<span class=\"_ _0\"></span>nterest <span class=\"_ _0\"></span>income i<span class=\"_ _2b\"></span>ncludes coup<span class=\"_ _0\"></span>ons</div>\n<div class=\"t m0 x1a h4f yd3c fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earned on fi<span class=\"_ _0\"></span>xed and fl<span class=\"_ _0\"></span>oating rat<span class=\"_ _2b\"></span>e income instrum<span class=\"_ _0\"></span>ents and the ac<span class=\"_ _0\"></span>cretio<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x1a h4f yd3d fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">or amort<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of the tr<span class=\"_ _2b\"></span>ansaction cost<span class=\"_ _2b\"></span><span class=\"wsf0\">s, premium or disc<span class=\"_ _0\"></span>ount. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd3e fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd3f fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Once a fi<span class=\"_ _2b\"></span>nancial asset <span class=\"_ _0\"></span>has bee<span class=\"_ _0\"></span>n writte<span class=\"_ _0\"></span>n down to <span class=\"_ _0\"></span>its est<span class=\"_ _0\"></span>imated</div>\n<div class=\"t m0 x1a h4f yd40 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt, interest income is sub<span class=\"_ _2\"></span>sequently recognised based</div>\n<div class=\"t m0 x1a h4f yd41 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the effec<span class=\"_ _0\"></span>tive int<span class=\"_ _0\"></span>erest rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>that w<span class=\"_ _0\"></span>as used to di<span class=\"_ _0\"></span>scount th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>futu<span class=\"_ _2b\"></span>re cash</div>\n<div class=\"t m0 x1a h4f yd42 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows for th<span class=\"_ _0\"></span>e <span class=\"wsfa\">purpo<span class=\"_ _0\"></span>se of meas<span class=\"_ _2b\"></span>uring the recov<span class=\"_ _2b\"></span>erable amount<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y8bc fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f y8bd fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Dividen<span class=\"_ _2b\"></span>ds are recognised in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt when they a<span class=\"_ _0\"></span>re</div>\n<div class=\"t m0 x1a h4f y8be fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 630px; height: 21px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x1a h4f y8bf fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c0 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas act<span class=\"_ _0\"></span>s as a lessor un<span class=\"_ _2b\"></span>der non<span class=\"ls0 ws0\">-</span>cancellabl<span class=\"_ _0\"></span>e lease con<span class=\"_ _0\"></span>tracts that<span class=\"_ _0\"></span> may</div>\n<div class=\"t m0 x1a h4f yd43 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contain renewa<span class=\"_ _2\"></span>l options for investment prope<span class=\"_ _2\"></span>rty and certain proper<span class=\"lsfc ws115\">ti<span class=\"_ _2\"></span>es </span></div>\n<div class=\"t m0 x1a h4f yd44 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">held for own us<span class=\"_ _2b\"></span>e. Rental incom<span class=\"_ _0\"></span>e and other inc<span class=\"_ _0\"></span>ome is rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d, net of</div>\n<div class=\"t m0 x1a h4f yd45 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease incentiv<span class=\"_ _2\"></span>es granted to lessees, on a st<span class=\"_ _2\"></span>raight line basis, unless<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd46 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">there is compell<span class=\"_ _2\"></span>ing evidence that benefi<span class=\"_ _2\"></span>ts do not accrue evenly over the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd47 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period of t<span class=\"_ _0\"></span>he lease.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 372px; width: 351px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h4f yd48 fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.18 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span></span>Realised<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and unrea<span class=\"_ _2\"></span>lised gains and los<span class=\"_ _2\"></span>ses<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yca8 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For fin<span class=\"_ _0\"></span>ancial i<span class=\"_ _0\"></span>nstrume<span class=\"_ _0\"></span>nts class<span class=\"_ _2b\"></span>ified as avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-</span><span class=\"lse2\">sal<span class=\"_ _2\"></span>e, realised gains </span></div>\n<div class=\"t m0 x1a h4f yca9 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or losses o<span class=\"_ _0\"></span>n sales and div<span class=\"_ _0\"></span>estme<span class=\"_ _0\"></span>nts repres<span class=\"_ _0\"></span>ent the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e between</div>\n<div class=\"t m0 x1a h4f ycaa fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the proc<span class=\"_ _2b\"></span>eeds received a<span class=\"_ _0\"></span>nd the i<span class=\"_ _2b\"></span>nitial book val<span class=\"_ _2b\"></span>ue of the asset s<span class=\"_ _0\"></span>old, min<span class=\"_ _0\"></span>us</div>\n<div class=\"t m0 x1a h4f ycab fff2 fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">any im<span class=\"lse0 wsf0\">pairment los<span class=\"_ _0\"></span>ses recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>, and after </span></div>\n<div class=\"t m0 x1a h4f ycac fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">adjustment <span class=\"_ _2\"></span>for the impact of<span class=\"_ _2\"></span> any hedge accounti<span class=\"_ _2\"></span>ng. Realised gains <span class=\"_ _2\"></span>and</div>\n<div class=\"t m0 x1a h4f ycad fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">losses on sales<span class=\"_ _2\"></span> are included in the income sta<span class=\"_ _2\"></span>tement under \u2018Result on</div>\n<div class=\"t m0 x1a h4f ycae fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">sales and <span class=\"_ _2\"></span>revaluations\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycaf fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb0 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For financial in<span class=\"_ _2\"></span>struments me<span class=\"lse0 wsfa\">asured at<span class=\"_ _2b\"></span> fair value thro<span class=\"_ _2b\"></span>ugh profit or lo<span class=\"_ _0\"></span>ss, </span></div>\n<div class=\"t m0 x1a h4f ycb1 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>arrying v<span class=\"_ _0\"></span>alue at t<span class=\"_ _2b\"></span>he end of the c<span class=\"_ _0\"></span>urrent</div>\n<div class=\"t m0 x1a h4f ycb2 fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">reporting per<span class=\"_ _2\"></span>iod versus the pre<span class=\"_ _2\"></span>vious reporting p<span class=\"_ _2\"></span>eriod is included<span class=\"_ _2\"></span> in the</div>\n<div class=\"t m0 x1a h4f yd49 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement under \u2018Res<span class=\"_ _0\"></span>ult on sal<span class=\"_ _0\"></span>es and reval<span class=\"_ _0\"></span>uations<span class=\"_ _0\"></span>\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 199px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 597px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 807px; width: 351px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 284px; height: 319px; width: 350px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 283px; height: 823px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 283px; height: 823px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For deri<span class=\"_ _0\"></span>vatives,<span class=\"_ _0\"></span> the dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _2b\"></span>e between the c<span class=\"_ _2b\"></span>arrying clea<span class=\"_ _0\"></span>n fair val<span class=\"_ _2b\"></span>ue (i.e.</div>\n<div class=\"t m0 x7 h4f y803 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">excludi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nrealis<span class=\"_ _2b\"></span>ed portion of t<span class=\"_ _0\"></span>he inter<span class=\"_ _0\"></span>est accr<span class=\"_ _2b\"></span>uals) at the en<span class=\"_ _2b\"></span>d of</div>\n<div class=\"t m0 x7 h4f y804 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the current repor<span class=\"_ _2\"></span>ting period versus the pre<span class=\"_ _2\"></span>vious reporting period<span class=\"_ _2\"></span> is</div>\n<div class=\"t m0 x7 h4f y805 fff7 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">inclu<span class=\"_ _2\"></span><span class=\"lse0\">ded i<span class=\"_ _2b\"></span>n the income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> under \u2018R<span class=\"_ _2b\"></span>esults on sal<span class=\"_ _0\"></span>es and </span></div>\n<div class=\"t m0 x7 h4f y806 fff7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">revaluat<span class=\"_ _2b\"></span>ions\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Upon de<span class=\"_ _0\"></span>recogni<span class=\"_ _0\"></span>tion or <span class=\"_ _0\"></span>upon im<span class=\"_ _0\"></span>pairment<span class=\"_ _0\"></span> of a fin<span class=\"_ _0\"></span>ancial <span class=\"_ _0\"></span>asset, t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y809 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unreal<span class=\"_ _0\"></span>ised gains a<span class=\"_ _0\"></span>nd losses p<span class=\"_ _0\"></span>revious<span class=\"_ _0\"></span>ly recogn<span class=\"_ _0\"></span>ised direc<span class=\"_ _0\"></span>tly in equ<span class=\"_ _0\"></span>ity are</div>\n<div class=\"t m0 x7 h4f y80a fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recycled throug<span class=\"_ _2\"></span>h the income statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 961px; height: 136px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 961px; height: 141px; width: 351px; z-index: 5;\"><br/></div>\n\n\n<div class=\"t m0 x7 h4f y8cd fff7 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.19 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsf0\">Fe<span class=\"_ _0\"></span>e and commis<span class=\"_ _0\"></span>sion inc<span class=\"_ _2b\"></span>ome<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yc80 fff9 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Fees as i<span class=\"_ _2\"></span>ntegral <span class=\"wsf1\">part<span class=\"ls0 ws0\"> </span></span><span class=\"lse0\">of effective i<span class=\"_ _2b\"></span>nterest rate<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc81 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Fees th<span class=\"_ _0\"></span>at are an <span class=\"_ _0\"></span>integr<span class=\"_ _0\"></span>al part of<span class=\"_ _0\"></span> the ef<span class=\"_ _2b\"></span>fective inter<span class=\"_ _0\"></span>est rate<span class=\"_ _0\"></span> of a fin<span class=\"_ _0\"></span>ancial</div>\n<div class=\"t m0 x7 h4f yc82 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent are gen<span class=\"_ _0\"></span>erally tr<span class=\"_ _0\"></span>eated as an<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>adjus<span class=\"_ _0\"></span>tment to t<span class=\"_ _0\"></span>he effecti<span class=\"_ _0\"></span>ve</div>\n<div class=\"t m0 x7 h4f yc83 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate. T<span class=\"_ _2b\"></span>his is the case f<span class=\"_ _0\"></span>or o<span class=\"wsf0\">rigi<span class=\"_ _0\"></span>nation fe<span class=\"_ _0\"></span>es, receiv<span class=\"_ _2b\"></span>ed as </span></div>\n<div class=\"t m0 x7 h4f yc84 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compens<span class=\"_ _2b\"></span>ation for activit<span class=\"_ _0\"></span>ies such as ev<span class=\"_ _2b\"></span>aluating the borr<span class=\"_ _0\"></span>ower\u2019s fin<span class=\"_ _0\"></span>ancial</div>\n<div class=\"t m0 x7 h4f yc85 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conditi<span class=\"_ _0\"></span>on, evalu<span class=\"_ _2b\"></span>ating and recordi<span class=\"_ _0\"></span>ng guarant<span class=\"_ _0\"></span>ees, etc. a<span class=\"_ _2b\"></span>nd also for</div>\n<div class=\"t m0 x7 h4f y887 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">origin<span class=\"_ _0\"></span>ation fees r<span class=\"_ _0\"></span>eceived on i<span class=\"_ _0\"></span>ssuing f<span class=\"_ _0\"></span>inancial l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies measur<span class=\"_ _2b\"></span>ed at</div>\n<div class=\"t m0 x7 h4f y888 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost. Bo<span class=\"_ _2b\"></span>th <span class=\"_ _2\"></span>ty<span class=\"_ _0\"></span>pes of fees a<span class=\"_ _0\"></span>re deferre<span class=\"_ _0\"></span>d and are rec<span class=\"_ _0\"></span>ognised as</div>\n<div class=\"t m0 x7 h4f y889 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an adjust<span class=\"_ _0\"></span>ment to the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _0\"></span>e interest<span class=\"_ _0\"></span> rate of the un<span class=\"_ _0\"></span>derlying f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x7 h4f y88a fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent, meas<span class=\"_ _2b\"></span>ured at amortise<span class=\"_ _0\"></span>d cost. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88b fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y88c fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the f<span class=\"_ _2b\"></span>inancial inst<span class=\"_ _0\"></span>rument <span class=\"_ _0\"></span>is meas<span class=\"_ _0\"></span>ured at f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it or</div>\n<div class=\"t m0 x7 h4f y88d fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss, t<span class=\"_ _0\"></span>he fees <span class=\"wsf0\">ar<span class=\"_ _2b\"></span>e recognised as rev<span class=\"_ _2b\"></span>enue when the inst<span class=\"_ _0\"></span>rument is<span class=\"_ _0\"></span> initially<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y88e fff7 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">recognised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y9a8 fff9 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Fees recogn<span class=\"_ _2\"></span>ised as services a<span class=\"_ _2\"></span>re provided<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9a9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fees are gen<span class=\"_ _2b\"></span>erally recogni<span class=\"_ _0\"></span>sed as rev<span class=\"_ _0\"></span>enue as the se<span class=\"_ _0\"></span>rvices ar<span class=\"_ _0\"></span>e provide<span class=\"_ _0\"></span>d.</div>\n<div class=\"t m0 x7 h4f y9aa fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">If it i<span class=\"_ _2\"></span>s unlikely that a<span class=\"_ _2\"></span> specific lending<span class=\"_ _2\"></span> arrangement wil<span class=\"_ _2\"></span>l be <span class=\"lse0 wsf0\">enter<span class=\"_ _0\"></span>ed into </span></div>\n<div class=\"t m0 x7 h4f y9ab fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the loan commit<span class=\"_ _2\"></span>ment is not considered a de<span class=\"_ _2\"></span>rivative, the commitment</div>\n<div class=\"t m0 x7 h4f y9ac fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fee is recog<span class=\"_ _0\"></span>nised as<span class=\"_ _0\"></span> revenue on a tim<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>pro<span class=\"_ _2b\"></span>portion basis ov<span class=\"_ _0\"></span>er the</div>\n<div class=\"t m0 x7 h4f y9ad fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">commitment per<span class=\"_ _2\"></span>iod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9ae fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9af fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Reinsurance <span class=\"_ _2\"></span>commissions are rec<span class=\"_ _2\"></span>ognised as earned<span class=\"_ _2\"></span>, reinsurance</div>\n<div class=\"t m0 x7 h4f y9b0 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _0\"></span>eatures ar<span class=\"_ _2b\"></span>e recognised as reve<span class=\"_ _2b\"></span>nue upon receipt.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yc87 fff9 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Fees recognised<span class=\"_ _2\"></span> upon completion of the underly<span class=\"_ _2\"></span>ing transaction<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc88 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fees aris<span class=\"_ _0\"></span>ing from neg<span class=\"_ _2b\"></span>otiating or parti<span class=\"_ _0\"></span>cipating i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the n<span class=\"_ _0\"></span>egotiat<span class=\"_ _0\"></span>ion of a</div>\n<div class=\"t m0 x7 h4f yc89 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion for a third party,<span class=\"_ _0\"></span> are recog<span class=\"_ _0\"></span>nised upo<span class=\"_ _0\"></span>n complet<span class=\"_ _0\"></span>ion of the</div>\n<div class=\"t m0 x7 h4f yc8a fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">underly<span class=\"_ _0\"></span>ing tran<span class=\"_ _0\"></span>sactio<span class=\"_ _2b\"></span>n. Commission <span class=\"_ _0\"></span>revenu<span class=\"_ _0\"></span>e is reco<span class=\"_ _2b\"></span>gnised when th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f yc8b fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">perform<span class=\"_ _2b\"></span>ance obligati<span class=\"_ _0\"></span>on is com<span class=\"_ _2b\"></span>plete. Loan sy<span class=\"_ _0\"></span>ndicat<span class=\"_ _0\"></span>ion fees a<span class=\"_ _0\"></span>re</div>\n<div class=\"t m0 x7 h4f yc8c fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as reve<span class=\"_ _0\"></span>nue when the s<span class=\"_ _0\"></span>yndicat<span class=\"_ _0\"></span>ion has bee<span class=\"_ _0\"></span>n complet<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yce0 fff9 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Fee from<span class=\"_ _0\"></span> invest<span class=\"_ _0\"></span>ment c<span class=\"_ _0\"></span>ontracts<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yce1 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Revenues from in<span class=\"_ _2\"></span>vestment contracts,<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">of which the c<span class=\"_ _0\"></span>overed <span class=\"_ _0\"></span>insura<span class=\"_ _0\"></span>nce </span></span></div>\n<div class=\"t m0 x7 h4f yd24 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">risk is n<span class=\"_ _0\"></span>ot sign<span class=\"_ _0\"></span>ificant,<span class=\"_ _0\"></span> consis<span class=\"_ _0\"></span>t of fees<span class=\"_ _0\"></span> for the c<span class=\"_ _2b\"></span>overage of ins<span class=\"_ _2b\"></span>urance,</div>\n<div class=\"t m0 x7 h4f yd25 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">administ<span class=\"_ _2b\"></span>ration fees and sur<span class=\"_ _2b\"></span>render charges. F<span class=\"_ _0\"></span>ees are rec<span class=\"_ _0\"></span>ognised as</div>\n<div class=\"t m0 x7 h4f yd26 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">revenu<span class=\"_ _0\"></span>e as the s<span class=\"_ _0\"></span>ervic<span class=\"_ _0\"></span>es are prov<span class=\"_ _2b\"></span>ided. Expens<span class=\"_ _0\"></span>es inclu<span class=\"_ _0\"></span>de mort<span class=\"_ _2b\"></span>ality claims</div>\n<div class=\"t m0 x7 h4f yd27 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and inter<span class=\"_ _0\"></span>est c<span class=\"lse2 wsf1\">redited.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 629px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 792px; width: 351px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h4f yd4c fff7 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.20 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsef\">Inc<span class=\"_ _2b\"></span>ome<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">tax</span> </span></span></span></div>\n<div class=\"t m0 x1a h55 yce7 fff9 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Current <span class=\"_ _2\"></span><span class=\"lsfc ws115\">tax<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yce8 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Current t<span class=\"_ _2b\"></span>ax is the amou<span class=\"_ _0\"></span>nt of inc<span class=\"_ _0\"></span>ome tax<span class=\"_ _0\"></span>es payab<span class=\"_ _2b\"></span>le (recovera<span class=\"_ _0\"></span>ble) in</div>\n<div class=\"t m0 x1a h4f yce9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect of<span class=\"_ _0\"></span> the taxabl<span class=\"_ _0\"></span>e profit (tax<span class=\"_ _0\"></span> loss) for a p<span class=\"_ _0\"></span>eriod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycea fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yceb fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Income tax<span class=\"_ _0\"></span> payabl<span class=\"_ _0\"></span>e on profits is<span class=\"_ _0\"></span> recognis<span class=\"_ _2b\"></span>ed as an expense base<span class=\"_ _2b\"></span>d on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f yd4d fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applicable ta<span class=\"_ _2\"></span>x laws in<span class=\"ls0 ws0\"> </span>each jurisdi<span class=\"_ _2\"></span>ction in the period in which pro<span class=\"_ _2\"></span>fits</div>\n<div class=\"t m0 x1a h4f yd4e fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">arise. T<span class=\"_ _0\"></span>he tax <span class=\"_ _0\"></span>effects<span class=\"_ _0\"></span> of incom<span class=\"_ _2b\"></span>e tax losses av<span class=\"_ _0\"></span>ailabl<span class=\"_ _0\"></span>e for car<span class=\"_ _0\"></span>ry<span class=\"ls0 ws0\">-</span><span class=\"wsef\">forwar<span class=\"_ _0\"></span>d </span></div>\n<div class=\"t m0 x1a h4f yd4f fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are reco<span class=\"_ _0\"></span>gnised <span class=\"_ _0\"></span>as a defe<span class=\"_ _2b\"></span>rred tax asset if<span class=\"_ _0\"></span> it is p<span class=\"_ _0\"></span>robable t<span class=\"_ _2b\"></span>hat future</div>\n<div class=\"t m0 x1a h4f yd50 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">taxabl<span class=\"_ _0\"></span>e profit w<span class=\"_ _0\"></span>ill be a<span class=\"_ _0\"></span>vailabl<span class=\"_ _0\"></span>e agains<span class=\"_ _0\"></span>t whic<span class=\"_ _0\"></span>h those lo<span class=\"_ _2b\"></span>sses can b<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f yd51 fff7 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">utilised<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd52 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd35 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If a leg<span class=\"_ _0\"></span>al entity <span class=\"_ _0\"></span>assess<span class=\"_ _2b\"></span>es that it is not<span class=\"_ _0\"></span> prob<span class=\"_ _0\"></span>able that t<span class=\"_ _2b\"></span>he relevant ta<span class=\"_ _0\"></span>xation</div>\n<div class=\"t m0 x1a h4f yd36 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">authorit<span class=\"_ _0\"></span>y will acce<span class=\"_ _2b\"></span>pt the tax treatment<span class=\"_ _0\"></span> applie<span class=\"_ _0\"></span>d, that lega<span class=\"_ _0\"></span>l entity ref<span class=\"_ _0\"></span>lects</div>\n<div class=\"t m0 x1a h4f yd37 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the effect of<span class=\"_ _0\"></span> uncert<span class=\"_ _0\"></span>ainty for eac<span class=\"_ _2b\"></span>h uncertain tax tre<span class=\"_ _2b\"></span>atment by using eit<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x1a h4f yd38 fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the most l<span class=\"_ _2\"></span>ikel<span class=\"lse0 wsf0\">y amount o<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>the ex<span class=\"_ _0\"></span>pected va<span class=\"_ _0\"></span>lue base<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>on a ran<span class=\"_ _0\"></span>ge of </span></div>\n<div class=\"t m0 x1a h4f yd39 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">possibl<span class=\"_ _0\"></span>e outcomes<span class=\"_ _2b\"></span>, depending on whi<span class=\"_ _0\"></span>ch method<span class=\"_ _0\"></span> better pre<span class=\"_ _0\"></span>dicts the</div>\n<div class=\"t m0 x1a h4f yd3a fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">resolut<span class=\"_ _0\"></span>ion of th<span class=\"_ _2b\"></span>e uncertainty.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yd53 fff9 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd54 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred tax lia<span class=\"_ _2\"></span>bilities are the amounts of<span class=\"_ _2\"></span> income taxes payable in future</div>\n<div class=\"t m0 x1a h4f yd55 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">periods i<span class=\"_ _0\"></span>n respect of<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">taxable temp<span class=\"_ _2\"></span>orary differences. Deferred t<span class=\"_ _2\"></span>ax assets </span></span></div>\n<div class=\"t m0 x1a h4f yd56 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are the amount<span class=\"_ _2\"></span>s of income taxes recoverable<span class=\"_ _2\"></span> in future periods in respec<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x1a h4f yd57 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of deducti<span class=\"_ _2b\"></span>ble temporary dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _0\"></span>es, the car<span class=\"_ _0\"></span>ry forwar<span class=\"_ _0\"></span>d of unused t<span class=\"_ _0\"></span>ax</div>\n<div class=\"t m0 x1a h4f yd58 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">losses an<span class=\"_ _0\"></span>d of unused tax<span class=\"_ _0\"></span> credits<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd59 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd5a fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred tax is prov<span class=\"_ _2\"></span>ided in<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">full, using t<span class=\"_ _0\"></span>he statem<span class=\"_ _2b\"></span>ent of financial pos<span class=\"_ _0\"></span>ition </span></span></div>\n<div class=\"t m0 x1a h4f yd5b fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y method,<span class=\"_ _0\"></span> on tempora<span class=\"_ _2b\"></span>ry differences ari<span class=\"_ _0\"></span>sing betw<span class=\"_ _2b\"></span>een the tax bases</div>\n<div class=\"t m0 x1a h4f yd5c fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of assets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties and the<span class=\"_ _2b\"></span>ir carrying amou<span class=\"_ _0\"></span>nts in the Co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f yd5d fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al Statements.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd5e fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd5f fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The rates e<span class=\"_ _0\"></span>nacted or su<span class=\"_ _0\"></span>bstanti<span class=\"_ _2b\"></span>vely ena<span class=\"wsfa\">cted at t<span class=\"_ _2b\"></span>he date of th<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent </span></div>\n<div class=\"t m0 x1a h4f y8c1 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of fina<span class=\"_ _0\"></span>ncial pos<span class=\"_ _2b\"></span>ition are use<span class=\"_ _0\"></span>d to deter<span class=\"_ _2b\"></span>mine the defer<span class=\"_ _0\"></span>red tax<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8c2 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c3 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax assets a<span class=\"_ _0\"></span>re recog<span class=\"_ _0\"></span>nised to<span class=\"_ _0\"></span> the exte<span class=\"_ _2b\"></span>nt that it is pr<span class=\"_ _0\"></span>obable t<span class=\"_ _0\"></span>hat</div>\n<div class=\"t m0 x1a h4f y8c4 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">suffici<span class=\"_ _0\"></span>ent futu<span class=\"_ _0\"></span>re tax<span class=\"_ _0\"></span>able prof<span class=\"_ _0\"></span>it wil<span class=\"_ _0\"></span>l be avai<span class=\"_ _0\"></span>lable t<span class=\"_ _0\"></span>o allow t<span class=\"_ _0\"></span>he benef<span class=\"_ _0\"></span>it of part<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y8c5 fff7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or <span class=\"wsf0\">the entire d<span class=\"_ _0\"></span>eferred t<span class=\"_ _0\"></span>ax asset to b<span class=\"_ _0\"></span>e utilise<span class=\"_ _0\"></span>d.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd48 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yca8 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax liabilit<span class=\"_ _0\"></span>ies are p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>d on taxab<span class=\"_ _2b\"></span>le temporary<span class=\"_ _0\"></span> differe<span class=\"_ _0\"></span>nces</div>\n<div class=\"t m0 x1a h4f yca9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">arising f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tments i<span class=\"_ _0\"></span>n subsidi<span class=\"_ _0\"></span>aries, ass<span class=\"_ _2b\"></span>ociates, and joint<span class=\"_ _0\"></span> ventures<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x1a h4f ycaa fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">except w<span class=\"_ _2b\"></span>here the timin<span class=\"_ _0\"></span>g of the <span class=\"_ _0\"></span>reversal <span class=\"_ _0\"></span>of the t<span class=\"_ _0\"></span>emporar<span class=\"_ _2b\"></span>y difference c<span class=\"_ _0\"></span>an</div>\n<div class=\"t m0 x1a h4f ycab fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">be contr<span class=\"_ _2b\"></span>olled and it is <span class=\"_ _0\"></span>probable t<span class=\"_ _2b\"></span>hat the diff<span class=\"_ _0\"></span>erence w<span class=\"_ _0\"></span>ill not re<span class=\"_ _2b\"></span>verse in the</div>\n<div class=\"t m0 x1a h4f ycac fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">foreseeable fu<span class=\"_ _2\"></span>ture.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycad fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycae fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Current <span class=\"_ _2b\"></span>and deferred t<span class=\"_ _0\"></span>ax relat<span class=\"_ _0\"></span>ed to fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e remeas<span class=\"_ _2b\"></span>urement of ite<span class=\"_ _0\"></span>ms in</div>\n<div class=\"t m0 x1a h4f ycaf fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the stat<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> financi<span class=\"_ _2b\"></span>al position wh<span class=\"_ _2b\"></span>ich are c<span class=\"lse2\">harged or cre<span class=\"_ _2\"></span>dited directly </span></div>\n<div class=\"t m0 x1a h4f ycb0 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to equity (s<span class=\"_ _0\"></span>uch as avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-</span>sale investme<span class=\"_ _0\"></span>nts and cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span>flow hedges<span class=\"_ _2b\"></span>)</div>\n<div class=\"t m0 x1a h4f ycb1 fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is also <span class=\"_ _2\"></span>credited or charged <span class=\"_ _2\"></span>directly to equi<span class=\"_ _2\"></span>ty and is subsequen<span class=\"_ _2\"></span>tly</div>\n<div class=\"t m0 x1a h4f ycb2 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent together wi<span class=\"_ _0\"></span>th the d<span class=\"_ _2b\"></span>eferred gain o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f yd49 fff7 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 482px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 802px; width: 352px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 807px; width: 352px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 299px; height: 807px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 299px; height: 807px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 fffb fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.21 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span></span>Ear<span class=\"wsfa\">nings per share<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Basic earnin<span class=\"_ _2\"></span>gs per share are<span class=\"_ _2\"></span> calculated by di<span class=\"_ _2\"></span>viding net resul<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x7 h4f y804 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">attribut<span class=\"_ _2b\"></span>able to ordinary sh<span class=\"_ _2b\"></span>areholders by the w<span class=\"_ _2b\"></span>eighted averag<span class=\"_ _0\"></span>e number of</div>\n<div class=\"t m0 x7 h4f y805 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">ordinary <span class=\"_ _2\"></span>shares in issue d<span class=\"_ _2\"></span>uring the year, e<span class=\"_ _2\"></span>xcluding the average<span class=\"_ _2\"></span> number</div>\n<div class=\"t m0 x7 h4f y806 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of ordina<span class=\"_ _0\"></span>ry shares pu<span class=\"_ _0\"></span>rchased<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>by Ag<span class=\"_ _0\"></span>eas and hel<span class=\"_ _0\"></span>d as treasu<span class=\"_ _0\"></span>ry shares.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 fffb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For the dil<span class=\"_ _0\"></span>uted earni<span class=\"_ _0\"></span>ngs per shar<span class=\"_ _0\"></span>e, the weig<span class=\"_ _2b\"></span>hted average numb<span class=\"_ _0\"></span>er of</div>\n<div class=\"t m0 x7 h4f y809 fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">ordinary share<span class=\"_ _2\"></span>s in issue is adjusted to assum<span class=\"_ _2\"></span>e conversion of all dilutiv<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x7 h4f y80a fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">potenti<span class=\"_ _0\"></span>al ordina<span class=\"_ _2b\"></span>ry <span class=\"_ _2\"></span>sha<span class=\"_ _0\"></span>res, suc<span class=\"_ _0\"></span>h as convert<span class=\"_ _0\"></span>ible debt,<span class=\"_ _0\"></span> preferr<span class=\"_ _0\"></span>ed shares<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y80b fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">share opti<span class=\"lse0 wsf0\">ons and restrict<span class=\"_ _0\"></span>ed shares g<span class=\"_ _0\"></span>ranted to e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es. Potent<span class=\"_ _2b\"></span>ial or </span></div>\n<div class=\"t m0 x1a h4f yc3c fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contingent shar<span class=\"_ _2\"></span>e issuances are treated as dil<span class=\"_ _2\"></span>utive when their conversion<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd61 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">to shares<span class=\"_ _2\"></span> would decrease net<span class=\"_ _2\"></span> earnings per shar<span class=\"_ _2\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd62 fffb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd63 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The impact <span class=\"_ _2\"></span>of discontinued o<span class=\"_ _2\"></span>perations on the ba<span class=\"_ _2\"></span>sic and diluted e<span class=\"_ _2\"></span>arnings</div>\n<div class=\"t m0 x1a h4f yd64 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">per share is s<span class=\"_ _0\"></span>hown by div<span class=\"_ _0\"></span>iding net r<span class=\"_ _0\"></span>esult bef<span class=\"_ _2b\"></span>ore discontinued o<span class=\"_ _2b\"></span>perations</div>\n<div class=\"t m0 x1a h4f yd65 fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">by the weighted<span class=\"_ _2\"></span> average number of ordinary share<span class=\"_ _2\"></span>s in issue during the</div>\n<div class=\"t m0 x1a h4f yd66 fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">year, excluding<span class=\"_ _2\"></span> the average number of ord<span class=\"wsfa\">i<span class=\"_ _2\"></span>nary shares purcha<span class=\"_ _2\"></span>sed by </span></div>\n<div class=\"t m0 x1a h4f yd67 fffb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas a<span class=\"_ _0\"></span>nd held as<span class=\"_ _2b\"></span> treasury shar<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 944px; height: 162px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 944px; height: 162px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 944px; height: 162px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag552": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h63 y714 ff52 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">The Ageas Consolidated Finan<span class=\"_ _2b\"></span>cial</div>\n<div class=\"t m0 x7 h63 y715 ff52 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">Statements<span class=\"ls0 ws0\"> </span><span class=\"ws10f\">ov<span class=\"_ _2\"></span>er the annual </span></div>\n<div class=\"t m0 x7 h63 y716 ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">reporting period 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 y717 ff52 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">(\u2018<span class=\"ls0 ws0\">c</span>onsolidated <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f<span class=\"lsf6 ws110\">inancial </span></span></div>\n<div class=\"t m0 x7 h63 y718 ff52 fs40 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lsf6\">tatements\u2019), including all the </span></div>\n<div class=\"t m0 x7 h63 y719 ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">notes, comply with the International</div>\n<div class=\"t m0 x7 h63 y71a ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Financial Reporting Standards</div>\n<div class=\"t m0 x7 h63 y71b ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(IFRS) required <span class=\"ws112\">on<span class=\"ls0 ws0\"> 1<span class=\"_ _2\"></span> </span>January<span class=\"ls0 ws0\"> <span class=\"lsff ws119\">20<span class=\"_ _2\"></span>2</span>2<span class=\"lsf6 ws110\">, </span></span></span></div>\n<div class=\"t m0 x7 h63 y71c ff52 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">as issued by the Internatio<span class=\"_ _0\"></span>nal</div>\n<div class=\"t m0 x7 h63 y71d ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Accounting Standards Board <span class=\"ws112\">(IASB) </span></div>\n<div class=\"t m0 x7 h63 y71e ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and endorsed by the European</div>\n<div class=\"t m0 x7 h63 y71f ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Union (EU).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 596px; height: 243px; width: 219px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 596px; height: 248px; width: 219px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 596px; height: 253px; width: 219px; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x26 h4f y77c ff50 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The<span class=\"lsfb wsfa\">se<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span>c</span></span>onsolidated <span class=\"ls0 ws0\">f<span class=\"_ _2\"></span></span>inancial <span class=\"ls0 ws0\">s</span><span class=\"wsfa\">ta<span class=\"_ _2\"></span>tements are prepared<span class=\"_ _2\"></span> on a going conce<span class=\"_ _2\"></span>rn basis and are<span class=\"_ _2\"></span> presented </span></div>\n<div class=\"t m0 x26 h4f y77d ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in round<span class=\"_ _0\"></span>ed million<span class=\"_ _0\"></span>s of euros, t<span class=\"_ _0\"></span>he functi<span class=\"_ _0\"></span>onal curr<span class=\"_ _2b\"></span>ency of the parent co<span class=\"_ _0\"></span>mpany of Ag<span class=\"_ _0\"></span>eas, unles<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x26 h4f y77e ff50 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">indicated o<span class=\"_ _2\"></span>therwise.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 633px; height: 47px; width: 482px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 633px; height: 52px; width: 482px; z-index: 4;\"><br/></div>\n\n<div id=\"fs_QXM8Y56F1S00000000000000000000\"><br/></div>\n<div style=\"z-index: 15;\"><br/></div>\n<div id=\"fs_TIZT0U0E2O00000000000000000000\"><br/></div>\n<div class=\"t m0 x26 h4f y77f ff50 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y780 ff50 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Assets a<span class=\"_ _2b\"></span>nd liabilitie<span class=\"_ _0\"></span>s record<span class=\"_ _2b\"></span>ed in the <span class=\"wsef\">conso<span class=\"_ _0\"></span>lidated <span class=\"wsfa\">st<span class=\"_ _0\"></span>atement<span class=\"_ _2b\"></span> of financial <span class=\"_ _0\"></span>positio<span class=\"_ _2b\"></span>n of Ageas usua<span class=\"_ _0\"></span>lly </span></span></div>\n<div class=\"t m0 x26 h4f y781 ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have a durat<span class=\"_ _2b\"></span>ion of more than 12 mont<span class=\"_ _0\"></span>hs, exce<span class=\"_ _0\"></span>pt for cash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _2b\"></span>alents, reinsur<span class=\"_ _0\"></span>ance and</div>\n<div class=\"t m0 x26 h4f y782 ff50 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other receivable<span class=\"_ _2\"></span>s, accrued interest and ot<span class=\"_ _2\"></span>her assets, Non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">li<span class=\"_ _2\"></span>fe insurance <span class=\"wsf1\">contract<span class=\"_ _2\"></span> <span class=\"ls102 ws11d\">liabilities,<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span></span><span class=\"lsfb\">some </span></span></div>\n<div class=\"t m0 x26 h4f y783 ff50 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowings l<span class=\"_ _2\"></span>ike repurchase ag<span class=\"_ _2\"></span>reements,<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">accrued i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> and other lia<span class=\"_ _2b\"></span>bilities and curre<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>tax<span class=\"_ _0\"></span> assets </span></span></div>\n<div class=\"t m0 x26 h4f y784 ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and liabi<span class=\"_ _0\"></span>lities.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 539px; height: 151px; width: 482px; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag563": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h63 y714 ff52 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">The Ageas Consolidated Finan<span class=\"_ _2b\"></span>cial</div>\n<div class=\"t m0 x7 h63 y715 ff52 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">Statements<span class=\"ls0 ws0\"> </span><span class=\"ws10f\">ov<span class=\"_ _2\"></span>er the annual </span></div>\n<div class=\"t m0 x7 h63 y716 ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">reporting period 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 y717 ff52 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">(\u2018<span class=\"ls0 ws0\">c</span>onsolidated <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f<span class=\"lsf6 ws110\">inancial </span></span></div>\n<div class=\"t m0 x7 h63 y718 ff52 fs40 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lsf6\">tatements\u2019), including all the </span></div>\n<div class=\"t m0 x7 h63 y719 ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">notes, comply with the International</div>\n<div class=\"t m0 x7 h63 y71a ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Financial Reporting Standards</div>\n<div class=\"t m0 x7 h63 y71b ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(IFRS) required <span class=\"ws112\">on<span class=\"ls0 ws0\"> 1<span class=\"_ _2\"></span> </span>January<span class=\"ls0 ws0\"> <span class=\"lsff ws119\">20<span class=\"_ _2\"></span>2</span>2<span class=\"lsf6 ws110\">, </span></span></span></div>\n<div class=\"t m0 x7 h63 y71c ff52 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">as issued by the Internatio<span class=\"_ _0\"></span>nal</div>\n<div class=\"t m0 x7 h63 y71d ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Accounting Standards Board <span class=\"ws112\">(IASB) </span></div>\n<div class=\"t m0 x7 h63 y71e ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and endorsed by the European</div>\n<div class=\"t m0 x7 h63 y71f ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Union (EU).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 596px; height: 243px; width: 219px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 596px; height: 248px; width: 219px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag561": {
   "value": "\n<div class=\"t m0 x7 h63 y714 ff52 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">The Ageas Consolidated Finan<span class=\"_ _2b\"></span>cial</div>\n<div class=\"t m0 x7 h63 y715 ff52 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">Statements<span class=\"ls0 ws0\"> </span><span class=\"ws10f\">ov<span class=\"_ _2\"></span>er the annual </span></div>\n<div class=\"t m0 x7 h63 y716 ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">reporting period 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 y717 ff52 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">(\u2018<span class=\"ls0 ws0\">c</span>onsolidated <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f<span class=\"lsf6 ws110\">inancial </span></span></div>\n<div class=\"t m0 x7 h63 y718 ff52 fs40 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lsf6\">tatements\u2019), including all the </span></div>\n<div class=\"t m0 x7 h63 y719 ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">notes, comply with the International</div>\n<div class=\"t m0 x7 h63 y71a ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Financial Reporting Standards</div>\n<div class=\"t m0 x7 h63 y71b ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(IFRS) required <span class=\"ws112\">on<span class=\"ls0 ws0\"> 1<span class=\"_ _2\"></span> </span>January<span class=\"ls0 ws0\"> <span class=\"lsff ws119\">20<span class=\"_ _2\"></span>2</span>2<span class=\"lsf6 ws110\">, </span></span></span></div>\n<div class=\"t m0 x7 h63 y71c ff52 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">as issued by the Internatio<span class=\"_ _0\"></span>nal</div>\n<div class=\"t m0 x7 h63 y71d ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Accounting Standards Board <span class=\"ws112\">(IASB) </span></div>\n<div class=\"t m0 x7 h63 y71e ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and endorsed by the European</div>\n<div class=\"t m0 x7 h63 y71f ff52 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Union (EU).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 596px; height: 243px; width: 219px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag560": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x26 h4f y77c ff50 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The<span class=\"lsfb wsfa\">se<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span>c</span></span>onsolidated <span class=\"ls0 ws0\">f<span class=\"_ _2\"></span></span>inancial <span class=\"ls0 ws0\">s</span><span class=\"wsfa\">ta<span class=\"_ _2\"></span>tements are prepared<span class=\"_ _2\"></span> on a going conce<span class=\"_ _2\"></span>rn basis and are<span class=\"_ _2\"></span> presented </span></div>\n<div class=\"t m0 x26 h4f y77d ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in round<span class=\"_ _0\"></span>ed million<span class=\"_ _0\"></span>s of euros, t<span class=\"_ _0\"></span>he functi<span class=\"_ _0\"></span>onal curr<span class=\"_ _2b\"></span>ency of the parent co<span class=\"_ _0\"></span>mpany of Ag<span class=\"_ _0\"></span>eas, unles<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x26 h4f y77e ff50 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">indicated o<span class=\"_ _2\"></span>therwise.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 633px; height: 47px; width: 482px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 633px; height: 52px; width: 482px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag557": {
   "value": "\n<div class=\"t m0 x26 h4f y77c ff50 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The<span class=\"lsfb wsfa\">se<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span>c</span></span>onsolidated <span class=\"ls0 ws0\">f<span class=\"_ _2\"></span></span>inancial <span class=\"ls0 ws0\">s</span><span class=\"wsfa\">ta<span class=\"_ _2\"></span>tements are prepared<span class=\"_ _2\"></span> on a going conce<span class=\"_ _2\"></span>rn basis and are<span class=\"_ _2\"></span> presented </span></div>\n<div class=\"t m0 x26 h4f y77d ff50 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in round<span class=\"_ _0\"></span>ed million<span class=\"_ _0\"></span>s of euros, t<span class=\"_ _0\"></span>he functi<span class=\"_ _0\"></span>onal curr<span class=\"_ _2b\"></span>ency of the parent co<span class=\"_ _0\"></span>mpany of Ag<span class=\"_ _0\"></span>eas, unles<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x26 h4f y77e ff50 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">indicated o<span class=\"_ _2\"></span>therwise.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 633px; height: 47px; width: 482px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag508": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff5a fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h6a y79d ff5a fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Chang<span class=\"_ _2\"></span>es in <span class=\"_ _2\"></span>accounti<span class=\"_ _2\"></span>ng polici<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y79e ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas applied<span class=\"_ _2\"></span>\u00a0as from 1 Ja<span class=\"_ _2\"></span>nuary 2022 the re<span class=\"_ _2\"></span>quirements in IAS<span class=\"_ _2\"></span>\u00a029</div>\n<div class=\"t m0 x7 h4f y79f ff58 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">\u2018Fina<span class=\"lse2 ws103\">ncial<span class=\"_ _2\"></span>\u00a0reporting in hyperinflat<span class=\"_ _2\"></span>ionary economies\u2019 to the fina<span class=\"_ _2\"></span>ncial </span></div>\n<div class=\"t m0 x7 h4f y7a0 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nts of its Turkish ass<span class=\"_ _0\"></span>ociates<span class=\"_ _0\"></span>\u00a0\u2018Aksigo<span class=\"_ _0\"></span>rta\u2019 and \u2018A<span class=\"_ _0\"></span>geSA\u2019. Fu<span class=\"_ _2b\"></span>rther</div>\n<div class=\"t m0 x7 h4f y7a1 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">informat<span class=\"_ _2b\"></span>ion in this respec<span class=\"_ _0\"></span>t is includ<span class=\"_ _0\"></span>ed in sectio<span class=\"_ _0\"></span>n 2.7 below<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7a2 ff58 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.2.1<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1ef\">\u00a0</span><span class=\"lse2 wsf1\">Curr<span class=\"_ _2\"></span>ent</span>-<span class=\"lse2 ws103\">year changes in<span class=\"_ _2\"></span>\u00a0IFRS standards</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7a3 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">New or <span class=\"wsfa\">revised <span class=\"_ _2\"></span>IFRS standards, i<span class=\"_ _2\"></span>nterpretations, and<span class=\"_ _2\"></span>\u00a0amendments to </span></div>\n<div class=\"t m0 x7 h4f y7a4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS st<span class=\"_ _0\"></span>andards<span class=\"_ _0\"></span>\u00a0and int<span class=\"_ _0\"></span>erpretat<span class=\"_ _2b\"></span>ions, that bec<span class=\"_ _2b\"></span>ame effecti<span class=\"_ _0\"></span>ve for an<span class=\"_ _0\"></span>nual</div>\n<div class=\"t m0 x7 h4f y7a5 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting period<span class=\"_ _2\"></span>s starting on 1 January 2022<span class=\"_ _2\"></span>, and that have been</div>\n<div class=\"t m0 x7 h4f y7a6 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">endorsed by the<span class=\"_ _2\"></span>\u00a0EU, did not have a significant impac<span class=\"_ _2\"></span>t to the ac<span class=\"wsf1\">counting </span></div>\n<div class=\"t m0 x7 h4f y7a7 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span>\u00a0applied by<span class=\"_ _0\"></span>\u00a0Ageas and<span class=\"_ _0\"></span>\u00a0to its consol<span class=\"_ _0\"></span>idated st<span class=\"_ _2b\"></span>atement of financ<span class=\"_ _0\"></span>ial</div>\n<div class=\"t m0 x7 h4f y7a8 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n and its inc<span class=\"_ _0\"></span>ome statem<span class=\"_ _2b\"></span>ent during 2022.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7a9 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7aa ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As a direct c<span class=\"_ _0\"></span>onseque<span class=\"_ _0\"></span>nce of the Cov<span class=\"_ _0\"></span>id pandem<span class=\"_ _2b\"></span>ic, the IASB issued in M<span class=\"_ _0\"></span>ay</div>\n<div class=\"t m0 x7 h4f y7ab ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2020 ame<span class=\"_ _0\"></span>ndments t<span class=\"_ _0\"></span>o IFRS 16 \u2018Cov<span class=\"_ _2b\"></span>id<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">19 related rent<span class=\"_ _0\"></span>\u00a0conces<span class=\"_ _0\"></span><span class=\"lse2\">sions\u2019. The </span></span></div>\n<div class=\"t m0 x7 h4f y7ac ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents prov<span class=\"_ _2b\"></span>ide a practic<span class=\"_ _0\"></span>al expe<span class=\"_ _0\"></span>dient not<span class=\"_ _0\"></span>\u00a0to ass<span class=\"_ _0\"></span>ess whet<span class=\"_ _0\"></span>her Covi<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y7ad ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">19 relate<span class=\"_ _0\"></span>d rent con<span class=\"_ _0\"></span>cession<span class=\"_ _0\"></span>s, that red<span class=\"_ _0\"></span>uce lease pa<span class=\"_ _0\"></span>yments<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>due on or</div>\n<div class=\"t m0 x7 h4f y7ae ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">before 3<span class=\"_ _0\"></span>0 June 2<span class=\"_ _0\"></span>021, ar<span class=\"_ _0\"></span>e a lease <span class=\"_ _0\"></span>modifi<span class=\"_ _0\"></span>cation.<span class=\"_ _0\"></span>\u00a0In Marc<span class=\"_ _2b\"></span>h 2021, the IA<span class=\"_ _0\"></span>SB</div>\n<div class=\"t m0 x7 h4f y7af ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">prolon<span class=\"_ _0\"></span>ged the prac<span class=\"_ _0\"></span>tical expe<span class=\"_ _2b\"></span>dient incl<span class=\"wsfa\">uded i<span class=\"_ _0\"></span>n thes<span class=\"_ _0\"></span>e amendm<span class=\"_ _2b\"></span>ents to </span></div>\n<div class=\"t m0 x7 h4f y7b0 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease paym<span class=\"_ _2b\"></span>ents due on or before 3<span class=\"_ _0\"></span>0 June 2022. B<span class=\"_ _0\"></span>ecause Ag<span class=\"_ _2b\"></span>eas did not</div>\n<div class=\"t m0 x7 h4f y7b1 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefit from Co<span class=\"_ _2\"></span>vid<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">19 relat<span class=\"_ _2b\"></span>ed rent conc<span class=\"_ _0\"></span>essions<span class=\"_ _0\"></span>, that wo<span class=\"_ _2b\"></span>uld result in <span class=\"_ _0\"></span>a </span></span></div>\n<div class=\"t m0 x7 h4f y7b2 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease modifi<span class=\"_ _2\"></span>cation, the amendments had no impa<span class=\"_ _2\"></span>ct on the present</div>\n<div class=\"t m0 x7 h4f y7b3 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated st<span class=\"_ _0\"></span>atement of<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">financial position and in<span class=\"_ _2\"></span>come statement of </span></span></div>\n<div class=\"t m0 x7 h4f y7b4 ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7b5 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7b6 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">To meet reg<span class=\"_ _0\"></span>ulatory<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>and mark<span class=\"_ _2b\"></span>et requirement<span class=\"_ _0\"></span>s, the inter<span class=\"_ _2b\"></span>est rate</div>\n<div class=\"t m0 x7 h4f y7b7 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">benchma<span class=\"_ _0\"></span>rks that a<span class=\"_ _0\"></span>re used as ref<span class=\"_ _0\"></span>erence rat<span class=\"_ _2b\"></span>es in the financial ma<span class=\"_ _2b\"></span>rket to</div>\n<div class=\"t m0 x7 h4f y7b8 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ne interest rates an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>pay<span class=\"_ _0\"></span>ment oblig<span class=\"_ _0\"></span>ations, a<span class=\"_ _2b\"></span>re undergoing in<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y7b9 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">depth ref<span class=\"_ _0\"></span>orms and tra<span class=\"_ _2b\"></span>nsitions. As a resul<span class=\"_ _0\"></span>t of this ref<span class=\"_ _0\"></span>o<span class=\"ls104 ws116\">rm, some </span></div>\n<div class=\"t m0 x7 h4f y7ba ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">benchma<span class=\"_ _0\"></span>rks such as<span class=\"_ _0\"></span>\u00a0Eonia and Li<span class=\"_ _2b\"></span>bor are to be disconti<span class=\"_ _0\"></span>nued and</div>\n<div class=\"t m0 x7 h4f y7bb ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">replaced b<span class=\"_ _2\"></span>y new interest ra<span class=\"_ _2\"></span>te benchmarks.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7bc ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7bd ff58 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">These<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0c<span class=\"lse2 wsf1\">onsolidated <span class=\"_ _2\"></span></span>f<span class=\"lse2 wsf1\">inancial </span>s<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">tate<span class=\"_ _0\"></span>ments on 3<span class=\"_ _0\"></span>1 December 2<span class=\"_ _0\"></span>022 inclu<span class=\"_ _0\"></span>de </span></span></div>\n<div class=\"t m0 x7 h4f y7be ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a notion<span class=\"_ _0\"></span>al amou<span class=\"_ _0\"></span>nt of he<span class=\"_ _0\"></span>dging re<span class=\"_ _0\"></span>lations<span class=\"_ _0\"></span>hips link<span class=\"_ _2b\"></span>ed to the EURI<span class=\"_ _0\"></span>BOR for</div>\n<div class=\"t m0 x7 h4f y7bf ff58 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR <span class=\"ls0 ws0\">6<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">32 <span class=\"lse0 wsf0\">million a<span class=\"_ _0\"></span>nd a princip<span class=\"_ _2b\"></span>al amount of subord<span class=\"_ _2b\"></span>inated liabiliti<span class=\"_ _2b\"></span>es with a </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c0 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">floatin<span class=\"_ _0\"></span>g coupo<span class=\"_ _0\"></span>n rate li<span class=\"_ _0\"></span>nked to t<span class=\"_ _0\"></span>he EURI<span class=\"_ _0\"></span>BOR for <span class=\"_ _0\"></span>EUR <span class=\"lse2 wsf1\">210<span class=\"ls0 ws0\">\u00a0<span class=\"ls102 ws11d\">million.</span>\u00a0<span class=\"_ _2\"></span><span class=\"ls105 ws120\">The </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c1 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EURIB<span class=\"_ _0\"></span>OR has been suc<span class=\"_ _0\"></span>cessfu<span class=\"_ _0\"></span>lly refo<span class=\"_ _0\"></span>rmed to a hyb<span class=\"_ _0\"></span>rid method<span class=\"_ _0\"></span>ology in</div>\n<div class=\"t m0 x7 h4f y7c2 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2019 and is ex<span class=\"_ _2b\"></span>pected to remain in<span class=\"_ _0\"></span>\u00a0place for th<span class=\"_ _0\"></span>e fores<span class=\"wsfa\">e<span class=\"_ _0\"></span>eable f<span class=\"_ _0\"></span>uture. </span></div>\n<div class=\"t m0 x7 h4f y7c3 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Therefo<span class=\"_ _2b\"></span>re, the two ame<span class=\"_ _0\"></span>ndments<span class=\"_ _0\"></span>\u00a0to IFRS <span class=\"_ _0\"></span>9, IAS <span class=\"_ _0\"></span>39, IFRS <span class=\"_ _0\"></span>7, IFRS 4 <span class=\"_ _2b\"></span>and</div>\n<div class=\"t m0 x7 h4f y7c4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 16 <span class=\"_ _0\"></span>\u2018Interes<span class=\"_ _0\"></span>t Rate B<span class=\"_ _0\"></span>enchma<span class=\"_ _0\"></span>rk Refor<span class=\"_ _0\"></span>m\u2019 issu<span class=\"_ _0\"></span>ed by the <span class=\"_ _2b\"></span>IASB in</div>\n<div class=\"t m0 x7 h4f y7c5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Septemb<span class=\"_ _2b\"></span>er 2019 and in August 2<span class=\"_ _0\"></span>020 had no impac<span class=\"_ _0\"></span>t on the pres<span class=\"_ _2b\"></span>ent</div>\n<div class=\"t m0 x7 h4f y7c6 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidated s<span class=\"_ _2\"></span>tatement of financial po<span class=\"_ _2\"></span>sition an<span class=\"lse0 wsfa\">d inco<span class=\"_ _0\"></span>me statem<span class=\"_ _2b\"></span>ent of </span></div>\n<div class=\"t m0 x7 h4f y7c7 ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7c8 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7c9 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas continue<span class=\"_ _2\"></span>s to monitor the developments<span class=\"_ _2\"></span>\u00a0regarding the interest ra<span class=\"_ _2\"></span>te</div>\n<div class=\"t m0 x7 h4f y7ca ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">benchmark re<span class=\"_ _2\"></span>form<span class=\"lsfc ws121\">. B<span class=\"lse0 wsf0\">ecause th<span class=\"_ _2b\"></span>e EURIBOR may be disc<span class=\"_ _2b\"></span>ontinued one </span></span></div>\n<div class=\"t m0 x7 h4f y7cb ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">day, claus<span class=\"_ _2b\"></span>es are introduce<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>in new<span class=\"_ _0\"></span>\u00a0contract<span class=\"_ _0\"></span>s to ensure t<span class=\"_ _0\"></span>he continu<span class=\"_ _2b\"></span>ity of</div>\n<div class=\"t m0 x7 h4f y7cc ff58 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">those contracts in <span class=\"lse2 ws103\">case of dis<span class=\"_ _2\"></span>continuation of the EURIBOR.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y7cd ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7ce ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on to the ame<span class=\"_ _0\"></span>ndments<span class=\"_ _0\"></span>\u00a0above, fol<span class=\"_ _0\"></span>lowing n<span class=\"_ _0\"></span>ew or revise<span class=\"_ _0\"></span>d IFRS</div>\n<div class=\"t m0 x1a h4f y7cf ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">standards, <span class=\"_ _2\"></span>interpretations, and<span class=\"_ _2\"></span>\u00a0amendments became ef<span class=\"_ _2\"></span>fective for annual<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y7d0 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>ods start<span class=\"_ _2b\"></span>ing on 1 Janua<span class=\"_ _0\"></span>ry 2022 <span class=\"_ _0\"></span>or later.<span class=\"_ _0\"></span>\u00a0None of<span class=\"_ _0\"></span>\u00a0those</div>\n<div class=\"t m0 x1a h4f y7d1 ff58 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>en<span class=\"wsf0\">ts had a<span class=\"_ _0\"></span>\u00a0significa<span class=\"_ _0\"></span>nt impact on t<span class=\"_ _0\"></span>he prese<span class=\"_ _0\"></span>nt consol<span class=\"_ _0\"></span>idated </span></div>\n<div class=\"t m0 x1a h4f y7d2 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition and i<span class=\"_ _0\"></span>ncome stat<span class=\"_ _2b\"></span>ement of Ageas:<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d3 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 16 \u2018Prop<span class=\"_ _0\"></span>erty, pla<span class=\"_ _2b\"></span>nt and equipment <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsf1\">proceeds </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y7d4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">before i<span class=\"_ _0\"></span>ntende<span class=\"_ _2b\"></span>d use\u2019;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d5 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 37 <span class=\"_ _0\"></span>\u2018Onerou<span class=\"_ _2b\"></span>s contracts <span class=\"ls0 ws0\">\u2013 <span class=\"lsf4 ws114\">cost of fu<span class=\"ls106 ws10c\">lfilling a </span></span></span></span></span></div>\n<div class=\"t m0 x6c h4f y7d6 ff58 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">contract\u2019;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d7 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IFRS 3 <span class=\"_ _0\"></span>\u2018Refere<span class=\"_ _0\"></span>nces to t<span class=\"_ _2b\"></span>he Conceptual F<span class=\"_ _2b\"></span>ramework\u2019; </span></span></div>\n<div class=\"t m0 x6c h4f y7d8 ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d9 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse2 ws103\">An<span class=\"_ _2\"></span>nual improvements to IFRS sta<span class=\"_ _2\"></span>ndards (2018</span><span class=\"ff58\">-<span class=\"lse2 ws103\">2020 cycl<span class=\"_ _2\"></span>e): </span></span></span></div>\n<div class=\"t m0 x6c h4f y7da ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to IFRS 1 \u2018<span class=\"_ _0\"></span>First<span class=\"ls0 ws0\">-</span>time ad<span class=\"_ _2b\"></span>option of IFRS stand<span class=\"_ _0\"></span>ards\u2019<span class=\"lsf4 ws10c\">, </span></div>\n<div class=\"t m0 x6c h4f y7db ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to IFRS 9 \u2018<span class=\"_ _0\"></span>Financ<span class=\"_ _0\"></span>ial instru<span class=\"_ _0\"></span>ments\u2019, a<span class=\"_ _2b\"></span>m<span class=\"lse2 ws103\">end<span class=\"_ _2\"></span>ments to </span></div>\n<div class=\"t m0 x6c h4f y7dc ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">illustrativ<span class=\"_ _2\"></span>e examples accompanying IFRS 16 \u2018Lea<span class=\"_ _2\"></span>ses\u2019 and</div>\n<div class=\"t m0 x6c h4f y7dd ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to IAS 41 \u2018<span class=\"_ _0\"></span>Agricult<span class=\"_ _2b\"></span>ure\u2019.<span class=\"ls0 ws0\">\u00a0</span></div>\n\n<div class=\"t m0 x1a h4f y7de ff58 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.2.2<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1ef\">\u00a0</span><span class=\"lse2 ws103\">Up<span class=\"_ _2\"></span>coming changes in IFRS <span class=\"wsf1\">Standards</span></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7df ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The follo<span class=\"_ _0\"></span>wing new or r<span class=\"_ _0\"></span>evised IFR<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>stan<span class=\"_ _2b\"></span>dards, interpret<span class=\"_ _2b\"></span>ations, and</div>\n<div class=\"t m0 x1a h4f y7e0 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">amendments <span class=\"_ _2\"></span>to IFRS standards an<span class=\"_ _2\"></span>d <span class=\"lse0 wsf0\">inter<span class=\"_ _0\"></span>pretat<span class=\"_ _0\"></span>ions will be<span class=\"_ _0\"></span>come </span></div>\n<div class=\"t m0 x1a h4f y7e1 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve for an<span class=\"_ _2b\"></span>nual reportin<span class=\"_ _2b\"></span>g periods start<span class=\"_ _0\"></span>ing on 1 J<span class=\"_ _2b\"></span>anuary 2023 or <span class=\"_ _0\"></span>later.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7e2 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7e3 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas h<span class=\"_ _0\"></span>as not ea<span class=\"_ _2b\"></span>rly adopted any I<span class=\"_ _2b\"></span>FRS standard,<span class=\"_ _2b\"></span>\u00a0interpretati<span class=\"_ _2b\"></span>on or</div>\n<div class=\"t m0 x1a h4f y7e4 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ent that has<span class=\"_ _0\"></span>\u00a0been issue<span class=\"_ _0\"></span>d by the IASB b<span class=\"_ _0\"></span>ut that is not<span class=\"_ _0\"></span>\u00a0yet</div>\n<div class=\"t m0 x1a h4f y7e5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve or has not<span class=\"_ _0\"></span>\u00a0ye<span class=\"lse2 wsfa\">t been endor<span class=\"_ _2\"></span>sed by the EU.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y7e6 ff58 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">A.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse2 wsfa\">Extension<span class=\"_ _2\"></span>\u00a0of the temporar<span class=\"_ _2\"></span>y exemption from a<span class=\"_ _2\"></span>pplying IFRS 9</span>\u00a0\u2013<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x1e6 h4f y7e7 ff58 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Amendments to IFR<span class=\"_ _2\"></span>S 4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7e8 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The IASB iss<span class=\"_ _2b\"></span>ued IFRS 9 \u2018Financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments\u2019 i<span class=\"_ _0\"></span>n July 2014 an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e EU</div>\n<div class=\"t m0 x1a h4f y7e9 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">endors<span class=\"_ _0\"></span>ed IFRS <span class=\"_ _0\"></span>9 in Novem<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>16. Alth<span class=\"_ _2b\"></span>ough IFRS 9 app<span class=\"_ _0\"></span>lies for <span class=\"_ _2b\"></span>annual</div>\n<div class=\"t m0 x1a h4f y7ea ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">repor<span class=\"ws103\">ting period<span class=\"_ _2\"></span>s <span class=\"lse0 wsef\">start<span class=\"_ _2b\"></span>ing<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">on or after 1 January 2<span class=\"_ _2b\"></span>018, Ageas conti<span class=\"_ _0\"></span>nue<span class=\"ls0 ws0\">s </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y7eb ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to apply IA<span class=\"_ _0\"></span>S 39 \u2018Financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsfa\">recognition<span class=\"_ _2\"></span>\u00a0and measurement\u2019<span class=\"lsf4 ws10c\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y7ec ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas will appl<span class=\"_ _2\"></span>y IFRS 9 for the first time as<span class=\"_ _2\"></span>\u00a0from 1 January 2023<span class=\"lse0 wsfa\">. The </span></div>\n<div class=\"t m0 x1a h4f y7ed ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reasons behind<span class=\"_ _2\"></span>\u00a0this derogation are explained<span class=\"_ _2\"></span>\u00a0bel<span class=\"lse0 wsef\">ow<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f y7ee ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7ef ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas co<span class=\"_ _2b\"></span>ntinues to app<span class=\"_ _2b\"></span>ly IAS 39 beca<span class=\"_ _0\"></span>use it is <span class=\"_ _0\"></span>permitt<span class=\"_ _0\"></span>ed to do s<span class=\"_ _2b\"></span>o by</div>\n<div class=\"t m0 x1a h4f y7f0 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to I<span class=\"_ _0\"></span>FRS 4. T<span class=\"_ _0\"></span>he IAS<span class=\"_ _0\"></span>B initiall<span class=\"_ _2b\"></span>y issued amend<span class=\"_ _0\"></span>ments i<span class=\"_ _0\"></span>n this</div>\n<div class=\"t m0 x1a h4f y7f1 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect i<span class=\"_ _0\"></span>n Septembe<span class=\"_ _2b\"></span>r 2016 (which have be<span class=\"_ _0\"></span>en endors<span class=\"_ _0\"></span>ed by the EU in</div>\n<div class=\"t m0 x1a h4f y7f2 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">November 2017<span class=\"_ _2\"></span>) and re<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">confirmed <span class=\"wsf0\">in Ju<span class=\"_ _0\"></span>ne 2020 <span class=\"lsfc ws121\">that i<span class=\"lse2 ws103\">nsu<span class=\"_ _2\"></span>rers can apply </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y7f3 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">both IFRS 9 \u2018F<span class=\"_ _0\"></span>inancia<span class=\"_ _0\"></span>l instru<span class=\"_ _0\"></span>ments\u2019 a<span class=\"_ _0\"></span>nd IFRS 17 \u2018Ins<span class=\"_ _2b\"></span>urance contracts<span class=\"_ _2b\"></span>\u2019</div>\n<div class=\"t m0 x1a h4f y7f4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">togeth<span class=\"_ _0\"></span>er for the f<span class=\"_ _2b\"></span>irst time by i<span class=\"_ _0\"></span>ssuing a<span class=\"_ _2b\"></span>mendments to IF<span class=\"_ _2b\"></span>RS 4 \u2018Extens<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y7f5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the tempo<span class=\"_ _2b\"></span>rary exemption fr<span class=\"_ _0\"></span>om applyi<span class=\"_ _0\"></span>ng IFRS 9\u2019. Th<span class=\"_ _2b\"></span>e EU endorsed</div>\n<div class=\"t m0 x1a h4f y7f6 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">these amend<span class=\"_ _2\"></span>ments in December 20<span class=\"_ _2\"></span><span class=\"wsf1\">20.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y7f7 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7f8 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The ame<span class=\"_ _0\"></span>ndments<span class=\"_ _0\"></span>\u00a0to IFR<span class=\"_ _0\"></span>S 4 fores<span class=\"_ _0\"></span>ee in tw<span class=\"_ _0\"></span>o optio<span class=\"_ _2b\"></span>ns to minimise t<span class=\"_ _2b\"></span>he effect</div>\n<div class=\"t m0 x1a h4f y7f9 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the d<span class=\"_ _0\"></span>ifferent<span class=\"_ _0\"></span>\u00a0effect<span class=\"_ _0\"></span>ive dat<span class=\"_ _0\"></span>es of IFR<span class=\"_ _2b\"></span>S 9 (2018) and I<span class=\"_ _0\"></span>FRS 17 (<span class=\"_ _0\"></span>2023).</div>\n<div class=\"t m0 x1a h4f y7fa ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These opt<span class=\"_ _2b\"></span>ions are the \u2018<span class=\"_ _0\"></span>overlay<span class=\"_ _0\"></span>\u00a0approa<span class=\"_ _0\"></span>ch\u2019 and t<span class=\"_ _0\"></span>he \u2018tem<span class=\"_ _0\"></span>porary e<span class=\"_ _0\"></span>xempti<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x1a h4f y7fb ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from apply<span class=\"_ _2\"></span>ing IFRS 9\u2019.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 503px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 503px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 283px; height: 823px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 283px; height: 823px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The temp<span class=\"_ _0\"></span>orary exe<span class=\"_ _0\"></span>mption fr<span class=\"_ _0\"></span>om applyi<span class=\"_ _2b\"></span>ng IFRS 9 is an optional<span class=\"_ _0\"></span>\u00a0tempora<span class=\"_ _0\"></span>ry</div>\n<div class=\"t m0 x7 h4f y803 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exempt<span class=\"_ _0\"></span>ion from apply<span class=\"_ _2b\"></span>ing IFRS 9 no later th<span class=\"_ _0\"></span>an report<span class=\"_ _0\"></span>ing period<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>arting</div>\n<div class=\"t m0 x7 h4f y804 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on or after 1 Ja<span class=\"_ _0\"></span>nuary 202<span class=\"_ _0\"></span>3, for entit<span class=\"_ _0\"></span>ies whos<span class=\"_ _0\"></span>e activit<span class=\"_ _0\"></span>ies are</div>\n<div class=\"t m0 x7 h4f y805 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">predom<span class=\"_ _0\"></span>inantly c<span class=\"_ _0\"></span>onnected w<span class=\"_ _0\"></span>ith issui<span class=\"_ _0\"></span>ng contr<span class=\"_ _0\"></span>acts that a<span class=\"_ _0\"></span>re in the scop<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x7 h4f y806 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 4 \u2018Ins<span class=\"_ _0\"></span>urance co<span class=\"_ _2b\"></span>ntracts\u2019. Ageas p<span class=\"_ _0\"></span>erforme<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>suc<span class=\"_ _0\"></span>h a predomi<span class=\"_ _0\"></span>nance</div>\n<div class=\"t m0 x7 h4f y807 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">analysi<span class=\"_ _0\"></span>s at the refere<span class=\"_ _2b\"></span>nce date of 31 Decemb<span class=\"_ _2b\"></span>er 2015 and conclud<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y808 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">it was el<span class=\"_ _0\"></span>igible t<span class=\"_ _2b\"></span>o apply the tem<span class=\"_ _0\"></span>porary ex<span class=\"_ _2b\"></span>emption<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">from apply<span class=\"_ _0\"></span>ing IFRS 9. </span></div>\n<div class=\"t m0 x7 h4f y809 ff5f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80a ff61 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff62\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff5f lse0 wsf0\">The carrying amou<span class=\"_ _2b\"></span>nt of <span class=\"lse2 wsf1\">Agea<span class=\"_ _2\"></span>s's <span class=\"ws103\">liabilities ar<span class=\"_ _2\"></span>ising from contracts </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y80b ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">within t<span class=\"_ _0\"></span>he scop<span class=\"_ _0\"></span>e of IFR<span class=\"_ _0\"></span>S 4 was s<span class=\"_ _0\"></span>ignifica<span class=\"_ _2b\"></span>nt compared t<span class=\"_ _0\"></span>o the tot<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x43 h4f y80c ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nt of all the liabilit<span class=\"_ _0\"></span>ies of Ageas<span class=\"_ _0\"></span><span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80d ff61 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff62\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff5f lse0 wsf0\">The percentage of<span class=\"_ _0\"></span>\u00a0the total c<span class=\"_ _0\"></span>arrying a<span class=\"_ _0\"></span>mount of <span class=\"lse2 wsf1\">Ageas's <span class=\"ls106 ws124\">liabilitie<span class=\"_ _0\"></span>s </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y80e ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">connect<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>h insura<span class=\"_ _0\"></span>nce rela<span class=\"_ _0\"></span>tive to t<span class=\"_ _2b\"></span>he total carry<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt of all<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x43 h4f y80f ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the liabil<span class=\"_ _2b\"></span>ities of Ageas was g<span class=\"_ _0\"></span>reater than 9<span class=\"_ _2b\"></span>0 per cent.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y810 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y811 ff5f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">No reassessm<span class=\"_ _2\"></span>ent of this predo<span class=\"_ _2\"></span>minance analysis h<span class=\"_ _2\"></span>as been performe<span class=\"lse0 wsf0\">d at </span></div>\n<div class=\"t m0 x1a h4f y812 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a subseq<span class=\"_ _2b\"></span>uent date, bec<span class=\"_ _0\"></span>ause th<span class=\"_ _2b\"></span>ere were no subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>al changes<span class=\"_ _0\"></span>\u00a0in the</div>\n<div class=\"t m0 x1a h4f y813 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span>\u00a0of Ageas tha<span class=\"_ _0\"></span>t would re<span class=\"_ _0\"></span>quire suc<span class=\"_ _0\"></span>h a reassess<span class=\"_ _2b\"></span>ment.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y814 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y815 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Because <span class=\"_ _0\"></span>Ageas is<span class=\"_ _0\"></span>\u00a0eligibl<span class=\"_ _2b\"></span>e to apply the t<span class=\"_ _2b\"></span>emporary exem<span class=\"_ _2b\"></span>ption from</div>\n<div class=\"t m0 x1a h4f y816 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g IFRS 9,<span class=\"_ _2b\"></span>\u00a0Ageas decide<span class=\"_ _0\"></span>d to do so <span class=\"_ _0\"></span>and deci<span class=\"_ _0\"></span>ded to al<span class=\"_ _0\"></span>ign<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">the </span></span></div>\n<div class=\"t m0 x1a h4f y817 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve dates<span class=\"_ _0\"></span>\u00a0of IFR<span class=\"_ _2b\"></span>S 9 and IFRS 17. T<span class=\"_ _2b\"></span>o make the <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsol<span class=\"_ _0\"></span>idate </span></div>\n<div class=\"t m0 x1a h4f y818 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">f<span class=\"lse2 wsf1\">inancial<span class=\"_ _2\"></span>\u00a0</span>s<span class=\"lse0 wsfa\">tateme<span class=\"_ _0\"></span>nts of A<span class=\"_ _0\"></span>geas mor<span class=\"_ _0\"></span>e compar<span class=\"_ _0\"></span>able to t<span class=\"_ _2b\"></span>hose of comp<span class=\"_ _0\"></span>anies </span></div>\n<div class=\"t m0 x1a h4f y819 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that alr<span class=\"_ _0\"></span>eady ap<span class=\"_ _0\"></span>ply IFR<span class=\"_ _0\"></span>S 9, Age<span class=\"_ _0\"></span>as discl<span class=\"_ _0\"></span>oses the f<span class=\"_ _2b\"></span>ollowing info<span class=\"_ _2b\"></span>rmation on</div>\n<div class=\"t m0 x1a h4f y81a ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue and c<span class=\"_ _0\"></span>redit ris<span class=\"_ _2b\"></span>k exposure of i<span class=\"_ _0\"></span>ts cons<span class=\"_ _0\"></span>o<span class=\"wsf0\">lidate<span class=\"_ _2b\"></span>d entities.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y81b ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81c ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81d ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81e ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y81f ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xa3 h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 311px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xbf h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 398px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xbf h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 559px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x144 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 333px; bottom: 830px; z-index: 15;\">Fair Value at 31 De<span class=\"_ _0\"></span>cember 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x144 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 494px; bottom: 830px; z-index: 15;\">Fair Value at 31 De<span class=\"_ _0\"></span>cember 2021<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5ff ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 683px; bottom: 844px; z-index: 15;\">Amount of change<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 681px; bottom: 830px; z-index: 15;\">in fair value in 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 830px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xa3 h52 y603 ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 311px; bottom: 814px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 799px; z-index: 15;\">Fair value of financial <span class=\"_ _0\"></span>assets (in Euro million)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 360px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 355px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 426px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 436px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 521px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 516px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 586px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 596px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 681px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 676px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 747px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 757px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 635px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 769px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 371px; bottom: 769px; z-index: 15;\">1,125<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x24 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 769px; z-index: 15;\">27<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 532px; bottom: 769px; z-index: 15;\">1,900<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 624px; bottom: 769px; z-index: 15;\">38<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 769px; z-index: 15;\">(775)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 769px; z-index: 15;\">(11)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 754px; z-index: 15;\">Debt securities, incl. structured <span class=\"_ _2b\"></span>notes<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 754px; z-index: 15;\">42,685<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x24 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 754px; z-index: 15;\">21<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 528px; bottom: 754px; z-index: 15;\">55,905<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 619px; bottom: 754px; z-index: 15;\">127<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 681px; bottom: 754px; z-index: 15;\">(13,220)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 754px; z-index: 15;\">(106)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 739px; z-index: 15;\">Equity securities and <span class=\"lsec ws100\">other inves<span class=\"_ _2\"></span>tments<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 739px; z-index: 15;\">4,213<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 739px; z-index: 15;\">5,669<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 739px; z-index: 15;\">(1,456)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 724px; z-index: 15;\">Derivatives held for tra<span class=\"_ _0\"></span>ding<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 724px; z-index: 15;\">126<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 724px; z-index: 15;\">6</div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15e h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 724px; z-index: 15;\">120<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 709px; z-index: 15;\">Derivatives for hedging purpose<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 709px; z-index: 15;\">110<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 624px; bottom: 709px; z-index: 15;\">34<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x24 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 709px; z-index: 15;\">76<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 694px; z-index: 15;\">Loans<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 366px; bottom: 694px; z-index: 15;\">13,391<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 694px; z-index: 15;\">293<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 694px; z-index: 15;\">15,155<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 619px; bottom: 694px; z-index: 15;\">297<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 694px; z-index: 15;\">(1,764)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 694px; z-index: 15;\">(4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff5f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 680px; z-index: 15;\">Investments related to unit linked<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 680px; z-index: 15;\">15,795<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 680px; z-index: 15;\">18,899<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 680px; z-index: 15;\">(3,104)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 665px; z-index: 15;\">Other receivables <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 378px; bottom: 665px; z-index: 15;\">678<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f7 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 665px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 665px; z-index: 15;\">802<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f7 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 635px; bottom: 665px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x160 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 665px; z-index: 15;\">(124)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 654px; height: 452px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 654px; height: 452px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 654px; height: 452px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1f4 h52 y647 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 491px; bottom: 1081px; z-index: 15;\">Loss allowance is measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y647 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1081px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x52 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 477px; bottom: 1065px; z-index: 15;\">At an amount equal to lifetime ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 1050px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">IAS 39 for financial a<span class=\"_ _0\"></span>ssets that<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">meet the SPPI test as per <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f8 h52 y605 ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 337px; bottom: 1020px; z-index: 15;\">At an am<span class=\"_ _2\"></span>ount<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 342px; bottom: 1005px; z-index: 15;\">equal to 12<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x11d h52 y638 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 345px; bottom: 990px; z-index: 15;\">month ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y601 ff63 fs3c fc1f sc0 lsef ws10a\" style=\"left: 444px; bottom: 1050px; z-index: 15;\">Sign<span class=\"_ _2\"></span>ificantly<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 453px; bottom: 1035px; z-index: 15;\">increased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19f h52 y605 ff63 fs3c fc1f sc0 lse5 ws10a\" style=\"left: 429px; bottom: 1020px; z-index: 15;\">credit risk sin<span class=\"_ _0\"></span>ce<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 409px; bottom: 1005px; z-index: 15;\">initial recognition but<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 417px; bottom: 990px; z-index: 15;\">not credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x143 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 1050px; z-index: 15;\">Credit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">impaired at the <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x9 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 539px; bottom: 1035px; z-index: 15;\">reporting date<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 522px; bottom: 1020px; z-index: 15;\">but not purchased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 545px; bottom: 1005px; z-index: 15;\">or originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 990px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 1050px; z-index: 15;\">Trade &amp; other <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11e h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 1035px; z-index: 15;\">receivables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 656px; bottom: 1020px; z-index: 15;\">measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 640px; bottom: 1005px; z-index: 15;\">in accordance<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y638 ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 617px; bottom: 990px; z-index: 15;\">with IF<span class=\"_ _2\"></span>RS 9 \u00a75.5.<span class=\"_ _2\"></span>15<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 744px; bottom: 1035px; z-index: 15;\">Purchased or<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x161 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 756px; bottom: 1020px; z-index: 15;\">originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 737px; bottom: 1005px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 735px; bottom: 990px; z-index: 15;\">financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 960px; z-index: 15;\">AAA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 960px; z-index: 15;\">5,769<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff63 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 945px; z-index: 15;\">AA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 945px; z-index: 15;\">23,022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\">A</div>\n<div class=\"t m0 x9 h52 y5f9 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 930px; z-index: 15;\">10,921<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 915px; z-index: 15;\">BBB<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 915px; z-index: 15;\">11,865<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f9 ff65 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment gra<span class=\"_ _2b\"></span>de<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y5f9 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 900px; z-index: 15;\">51,577<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 885px; z-index: 15;\">347<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 885px; z-index: 15;\">66<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 885px; z-index: 15;\">20<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1d h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 885px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 885px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Unrated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 871px; z-index: 15;\">6,515<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x45 h52 y5fc ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 487px; bottom: 871px; z-index: 15;\">6</div>\n<div class=\"t m0 x43 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 871px; z-index: 15;\">16<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 871px; z-index: 15;\">730<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 871px; z-index: 15;\">19<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f7 ff65 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 856px; z-index: 15;\">58,439<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 856px; z-index: 15;\">72<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 856px; z-index: 15;\">36<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 856px; z-index: 15;\">730<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 856px; z-index: 15;\">19<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y83f ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y840 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 491px; bottom: 809px; z-index: 15;\">Loss allowance is measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x52 h52 y5f7 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 477px; bottom: 793px; z-index: 15;\">At an amount equal to lifetime ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 763px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 748px; z-index: 15;\">IAS 39 for financial a<span class=\"_ _0\"></span>ssets that<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 733px; z-index: 15;\">meet the SPPI test as per <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 718px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x2f h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 763px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f8 h52 y5ff ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 337px; bottom: 748px; z-index: 15;\">At an am<span class=\"_ _2\"></span>ount<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 342px; bottom: 733px; z-index: 15;\">equal to 12<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x11d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 345px; bottom: 718px; z-index: 15;\">month ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5ff ff63 fs3c fc1f sc0 lsef ws10a\" style=\"left: 444px; bottom: 777px; z-index: 15;\">Sign<span class=\"_ _2\"></span>ificantly<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 453px; bottom: 763px; z-index: 15;\">increased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19f h52 y5ff ff63 fs3c fc1f sc0 lse5 ws10a\" style=\"left: 429px; bottom: 748px; z-index: 15;\">credit risk sin<span class=\"_ _0\"></span>ce<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 409px; bottom: 733px; z-index: 15;\">initial recognition but<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 417px; bottom: 718px; z-index: 15;\">not credit<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">impaired<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x143 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 777px; z-index: 15;\">Credit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">impaired at the <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x9 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 539px; bottom: 763px; z-index: 15;\">reporting date<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11d h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 522px; bottom: 748px; z-index: 15;\">but not purchased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 545px; bottom: 733px; z-index: 15;\">or originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 718px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 777px; z-index: 15;\">Trade &amp; other <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11e h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 763px; z-index: 15;\">receivables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 656px; bottom: 748px; z-index: 15;\">measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 640px; bottom: 733px; z-index: 15;\">in accordance<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y603 ff63 fs3c fc1f sc0 ls109 ws125\" style=\"left: 617px; bottom: 718px; z-index: 15;\">with IFRS 9 <span class=\"lsec wsfe\">\u00a75.5.<span class=\"_ _2\"></span>15<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1f4 h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 744px; bottom: 763px; z-index: 15;\">Purchased or<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x161 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 756px; bottom: 748px; z-index: 15;\">originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 737px; bottom: 733px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 735px; bottom: 718px; z-index: 15;\">financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 688px; z-index: 15;\">AAA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y603 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 688px; z-index: 15;\">5,289<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 673px; z-index: 15;\">AA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 673px; z-index: 15;\">30,991<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 658px; z-index: 15;\">A</div>\n<div class=\"t m0 x9 h52 y5f4 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 658px; z-index: 15;\">13,749<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 643px; z-index: 15;\">BBB<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 643px; z-index: 15;\">14,565<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y60e ff65 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 628px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment gra<span class=\"_ _2b\"></span>de<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y60e ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 628px; z-index: 15;\">64,594<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y70b ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 613px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 613px; z-index: 15;\">296<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 613px; z-index: 15;\">78<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 613px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1d h52 y70b ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 613px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y70b ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 613px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 598px; z-index: 15;\">Unrated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 598px; z-index: 15;\">4,832<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x45 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 487px; bottom: 598px; z-index: 15;\">4</div>\n<div class=\"t m0 x43 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 598px; z-index: 15;\">18<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 598px; z-index: 15;\">952<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 598px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y656 ff65 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 584px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 584px; z-index: 15;\">69,722<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 584px; z-index: 15;\">82<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 584px; z-index: 15;\">44<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 584px; z-index: 15;\">952<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 584px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y851 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y852 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 536px; z-index: 15;\">Gross carrying amount applying IAS 39 and fair value for financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 522px; z-index: 15;\">that meet the SPPI te<span class=\"_ _0\"></span>st and that do not<span class=\"_ _0\"></span>\u00a0have a low credi<span class=\"_ _0\"></span>t risk as per 31 De<span class=\"_ _0\"></span>cember 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 506px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xe8 h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 506px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 491px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying IAS 39<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1fa h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 491px; z-index: 15;\">1,428<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 476px; z-index: 15;\">Fair value <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1fa h52 y601 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 476px; z-index: 15;\">1,401<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 462px; z-index: 15;\">Difference<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x13d h54 y5ff ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 462px; z-index: 15;\">27<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y859 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y85a ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y85b ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 28 \u2018Inv<span class=\"_ _0\"></span>estment<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>in ass<span class=\"_ _0\"></span>ociates<span class=\"_ _0\"></span>\u00a0and joint v<span class=\"_ _0\"></span>entures\u2019 r<span class=\"_ _2b\"></span>equires an entity</div>\n<div class=\"t m0 x7 h4f y85c ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">to apply uniform<span class=\"_ _2\"></span>\u00a0accounting policies when<span class=\"_ _2\"></span>\u00a0using the equity method.</div>\n<div class=\"t m0 x7 h4f y85d ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas has tempora<span class=\"_ _2\"></span>rily derogated from thi<span class=\"_ _2\"></span>s rule for its associate</div>\n<div class=\"t m0 x7 h4f y85e ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Maybank Agea<span class=\"_ _2\"></span>s Holdings Berhad. <span class=\"_ _2\"></span>This associate appl<span class=\"_ _2\"></span>i<span class=\"lse0\">es I<span class=\"_ _0\"></span>FRS 9 s<span class=\"_ _0\"></span>ince </span></div>\n<div class=\"t m0 x7 h4f y85f ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">2018, while Agea<span class=\"_ _2\"></span>s applied the temporary exemp<span class=\"_ _2\"></span>tion from applying IFRS</div>\n<div class=\"t m0 x7 h4f y860 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">9 over t<span class=\"_ _0\"></span>he same <span class=\"_ _0\"></span>reportin<span class=\"_ _0\"></span>g periods<span class=\"_ _2b\"></span>. This derogat<span class=\"_ _2b\"></span>ion from apply<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x7 h4f y861 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">uniform <span class=\"_ _2b\"></span>accounting pol<span class=\"_ _2b\"></span>icies is permitt<span class=\"_ _2b\"></span>ed by paragrap<span class=\"_ _2b\"></span>h 39I of the</div>\n<div class=\"t m0 x7 h4f y862 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to I<span class=\"_ _0\"></span>FRS 4 o<span class=\"_ _0\"></span>n \u2018Extens<span class=\"_ _0\"></span>ion of t<span class=\"_ _2b\"></span>he<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span><span class=\"lse2\">temporary exemption<span class=\"_ _2\"></span>\u00a0from </span></div>\n<div class=\"t m0 x7 h4f y863 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g IFRS 9<span class=\"_ _0\"></span>\u2019. The fi<span class=\"_ _0\"></span>nancial s<span class=\"_ _2b\"></span>tatements of<span class=\"_ _0\"></span>\u00a0Maybank<span class=\"_ _0\"></span>\u00a0Ageas H<span class=\"_ _2b\"></span>oldings</div>\n<div class=\"t m0 x7 h4f y864 ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Berhad ca<span class=\"_ _0\"></span>n be found on f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g website: <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y865 ff63 fs3a fc10 sc0 ls0 ws0\" style=\"z-index: 15;\">(<span class=\"lsf4 ws10c\">https://myetiqa.com/who</span>-<span class=\"ls104 ws126\">we</span>-<span class=\"lse0 wsef\">are/financia<span class=\"_ _0\"></span>l<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">statement<span class=\"_ _2\"></span><span class=\"lse1 wsf0\">s/</span></span>)<span class=\"fc14\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y877 ff63 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">B.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse0 wsf0\">IFRS 9 \u2018Financ<span class=\"_ _2b\"></span>ial <span class=\"wsef\">instrument<span class=\"_ _0\"></span>s\u2019<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 y878 ff66 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Present<span class=\"_ _2b\"></span>ation of compa<span class=\"_ _0\"></span>rative inf<span class=\"_ _2b\"></span>ormation <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y879 ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas will<span class=\"_ _2\"></span>\u00a0apply both IFRS<span class=\"_ _2\"></span>\u00a09 \u2018Financial ins<span class=\"_ _2\"></span>truments\u2019 and IFRS 1<span class=\"_ _2\"></span>7</div>\n<div class=\"t m0 x1a h4f y87a ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">\u2018Insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>racts\u2019 (see b<span class=\"_ _0\"></span>elow) for<span class=\"_ _2b\"></span>\u00a0the first tim<span class=\"_ _0\"></span>e as from<span class=\"_ _0\"></span>\u00a0the ann<span class=\"_ _0\"></span>ual</div>\n<div class=\"t m0 x1a h4f y87b ff63 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">repo<span class=\"lse0 wsfa\">rting peri<span class=\"_ _2b\"></span>od starting on <span class=\"_ _0\"></span>1 Januar<span class=\"_ _0\"></span>y 2023.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y87c ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y87d ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 req<span class=\"_ _0\"></span>uires an ent<span class=\"_ _2b\"></span>ity to restate info<span class=\"_ _0\"></span>rmation i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>res<span class=\"_ _0\"></span>pect of the ann<span class=\"_ _2b\"></span>ual</div>\n<div class=\"t m0 x1a h4f y87e ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting period<span class=\"_ _2\"></span>\u00a02022 in its financial stat<span class=\"_ _2\"></span>ements for the annual repor<span class=\"_ _2\"></span>ting</div>\n<div class=\"t m0 x1a h4f y87f ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period endin<span class=\"_ _2\"></span>g on 31 December <span class=\"_ _2\"></span>2023.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 246px; height: 844px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 246px; height: 844px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 246px; height: 844px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In view <span class=\"_ _0\"></span>of the re<span class=\"_ _0\"></span>quirement<span class=\"_ _0\"></span>\u00a0under I<span class=\"_ _0\"></span>FRS 17<span class=\"_ _0\"></span>, Ageas<span class=\"_ _0\"></span>\u00a0decid<span class=\"_ _0\"></span>ed to als<span class=\"_ _0\"></span>o restat<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y803 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the compara<span class=\"_ _2\"></span>tive information on<span class=\"_ _2\"></span>\u00a0financial instrumen<span class=\"_ _2\"></span>ts for the annual<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y804 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>od 2022.<span class=\"_ _0\"></span>\u00a0In prese<span class=\"_ _2b\"></span>nting comparat<span class=\"_ _2b\"></span>ive informati<span class=\"_ _0\"></span>on on</div>\n<div class=\"t m0 x7 h4f y805 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">financial <span class=\"_ _2\"></span><span class=\"ws103\">instruments, Ageas will app<span class=\"_ _2\"></span>ly the requirements in IFRS 9<span class=\"_ _2\"></span>\u00a0on </span></div>\n<div class=\"t m0 x7 h4f y806 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">\u2018classification<span class=\"_ _2\"></span>\u00a0&amp; measurement\u2019 and on \u2018impai<span class=\"_ _2\"></span>rment\u2019 to all its financial<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y807 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets, us<span class=\"_ _2b\"></span>ing reasonable a<span class=\"_ _2b\"></span>nd supportable inf<span class=\"_ _2b\"></span>ormation avail<span class=\"_ _2b\"></span>able on 1</div>\n<div class=\"t m0 x7 h4f y808 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">January <span class=\"_ _2b\"></span>2022. This fol<span class=\"_ _0\"></span>lows fr<span class=\"_ _0\"></span>om the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he \u2018<span class=\"wsef\">class<span class=\"_ _2b\"></span>ification </span></div>\n<div class=\"t m0 x7 h4f y809 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">overlay\u2019 include<span class=\"_ _2\"></span>d in the amendments to IFRS 17<span class=\"_ _2\"></span>\u00a0\u2018Initial application o<span class=\"_ _2\"></span>f</div>\n<div class=\"t m0 x7 h4f y80a ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 and IF<span class=\"_ _0\"></span>RS 9 <span class=\"ls0 ws0\">\u2013 </span>comparativ<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation\u2019, w<span class=\"_ _0\"></span>hich hav<span class=\"_ _0\"></span>e been</div>\n<div class=\"t m0 x7 h4f y80b ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">issued by<span class=\"_ _0\"></span>\u00a0the I<span class=\"_ _0\"></span>ASB in Dec<span class=\"_ _0\"></span>ember 2<span class=\"_ _2b\"></span>021 and have be<span class=\"_ _0\"></span>en endors<span class=\"_ _2b\"></span>ed by the</div>\n<div class=\"t m0 x7 h4f y80c ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EU in Septem<span class=\"_ _2b\"></span>ber 2022.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y882 ff6a fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Main changes broug<span class=\"_ _2\"></span>h<span class=\"lsfc ws0\">t by IF<span class=\"_ _2\"></span>RS 9<span class=\"ls0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y883 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Compar<span class=\"_ _0\"></span>ed to IA<span class=\"_ _0\"></span>S 39, the <span class=\"_ _0\"></span>main ch<span class=\"_ _2b\"></span>anges brought<span class=\"_ _0\"></span>\u00a0by IFRS <span class=\"_ _0\"></span>9 relate t<span class=\"_ _2b\"></span>o:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y884 ff6b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff6c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff68 lse2 wsfa\">T<span class=\"_ _2\"></span>he classification (a<span class=\"_ _2\"></span>nd <span class=\"lse0 wsf0\">result<span class=\"_ _2b\"></span>ing measurement<span class=\"_ _2b\"></span>) of <span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>nancial ass<span class=\"_ _2b\"></span>ets; </span></span></span></div>\n<div class=\"t m0 x43 h4f y885 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y886 ff6b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff6c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff68 lse0 wsf0\">The applicatio<span class=\"_ _0\"></span>n of the expect<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">cr<span class=\"_ _2\"></span>edit loss model.</span>\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h55 y887 ff6a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsfa\">cl<span class=\"_ _2\"></span>assification &amp; mea<span class=\"_ _2\"></span>surement</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y888 ff68 fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">The cl<span class=\"_ _2\"></span>a<span class=\"lse2 ws103\">ssification and measure<span class=\"_ _2\"></span>ment categories for financial<span class=\"_ _2\"></span>\u00a0instruments </span></div>\n<div class=\"t m0 x7 h4f y889 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">under IAS 3<span class=\"_ _0\"></span>9 (i.e. \u2018hel<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span><span class=\"wsfa\">mat<span class=\"_ _0\"></span>urity\u2019, \u2018<span class=\"_ _2b\"></span>loans and rece<span class=\"_ _2b\"></span>ivables\u2019, \u2018av<span class=\"_ _0\"></span>ailabl<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x7 h4f y88a ff68 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">sale\u2019,<span class=\"_ _2\"></span>\u00a0\u2018held</span>-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">trading\u2019 or financial as<span class=\"_ _2\"></span>sets designated at fair value<span class=\"_ _2\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y88b ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through pr<span class=\"_ _2\"></span>ofit or loss) have<span class=\"_ _2\"></span>\u00a0been replace<span class=\"ws103\">d under<span class=\"_ _2\"></span>\u00a0IFRS 9 by three </span></div>\n<div class=\"t m0 x7 h4f y88c ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">principal me<span class=\"_ _2\"></span>asurement bases (i<span class=\"_ _2\"></span>.e. amortised co<span class=\"_ _2\"></span>st, fair value <span class=\"_ _2\"></span>through</div>\n<div class=\"t m0 x7 h4f y88d ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>omprehe<span class=\"_ _2b\"></span>nsive income an<span class=\"_ _0\"></span>d fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it or loss). T<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y88e ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">classif<span class=\"_ _0\"></span>ication,<span class=\"_ _0\"></span>\u00a0and result<span class=\"_ _2b\"></span>ing measurement<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>of fi<span class=\"_ _2b\"></span>nancial instrum<span class=\"_ _2b\"></span>ents under</div>\n<div class=\"t m0 x7 h4f y88f ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">IFRS 9 i<span class=\"_ _2\"></span>s generall<span class=\"lse0\">y based o<span class=\"_ _2b\"></span>n the business <span class=\"_ _0\"></span>model in w<span class=\"_ _2b\"></span>hich a financ<span class=\"_ _0\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y890 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">asset is<span class=\"_ _0\"></span>\u00a0manage<span class=\"_ _2b\"></span>d and its contr<span class=\"_ _0\"></span>actual c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>\u00a0charact<span class=\"_ _2b\"></span>eristics.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y891 ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y892 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas determine<span class=\"_ _2\"></span>d that the largest part of i<span class=\"_ _2\"></span>ts investments in debt</div>\n<div class=\"t m0 x7 h4f y893 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents will b<span class=\"_ _0\"></span>e measure<span class=\"_ _2b\"></span>d at <span class=\"_ _2\"></span>fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue throug<span class=\"_ _0\"></span>h other com<span class=\"_ _0\"></span>prehens<span class=\"_ _2b\"></span>ive</div>\n<div class=\"t m0 x7 h4f y894 ff68 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">inc<span class=\"lse0 wsfa\">ome af<span class=\"_ _0\"></span>ter the<span class=\"_ _2b\"></span>ir initial reco<span class=\"_ _0\"></span>gnition.<span class=\"_ _2b\"></span>\u00a0This follows<span class=\"_ _0\"></span>\u00a0from t<span class=\"_ _0\"></span>he analy<span class=\"_ _0\"></span>sis that </span></div>\n<div class=\"t m0 x7 h4f y895 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">these inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span>s pass the \u2018s<span class=\"_ _0\"></span>olely paym<span class=\"_ _2b\"></span>ents of principal<span class=\"_ _0\"></span>\u00a0and interes<span class=\"_ _0\"></span>t\u2019</div>\n<div class=\"t m0 x7 h4f y896 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">test and bec<span class=\"_ _2b\"></span>ause those investm<span class=\"_ _2b\"></span>ents are held withi<span class=\"_ _0\"></span>n the \u2018hold to co<span class=\"_ _0\"></span>llect</div>\n<div class=\"t m0 x7 h4f y897 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and sell\u2019 b<span class=\"_ _2\"></span>usiness model. The<span class=\"_ _2\"></span>\u00a0\u2018hold to colle<span class=\"_ _2\"></span>ct and sell\u2019 bus<span class=\"_ _2\"></span>iness model</div>\n<div class=\"t m0 x7 h4f y898 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reflects<span class=\"_ _0\"></span>\u00a0the fac<span class=\"_ _0\"></span>t that <span class=\"lse2 wsf1\">those </span><span class=\"wsf0\">financ<span class=\"_ _0\"></span>ial assets<span class=\"_ _0\"></span>\u00a0are held to ba<span class=\"_ _0\"></span>ck liabil<span class=\"_ _0\"></span>ities </span></div>\n<div class=\"t m0 x7 h4f y899 ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">f<span class=\"lse2 wsf1\">rom</span>\u00a0<span class=\"lse0 wsf0\">(re)insuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent contra<span class=\"_ _0\"></span>cts with dis<span class=\"_ _0\"></span>cretion<span class=\"_ _2b\"></span>ary </span></div>\n<div class=\"t m0 x7 h4f y89a ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _0\"></span>eatures (s<span class=\"_ _2b\"></span>ee section C. \u2018IFR<span class=\"_ _0\"></span>S 17 \u2018Insura<span class=\"_ _2b\"></span>nce contracts\u2019</div>\n<div class=\"t m0 x7 h4f y89b ff68 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">below<span class=\"ls0 ws0\">). </span></div>\n<div class=\"t m0 x7 h4f y89c ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y89d ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Equity inst<span class=\"_ _2\"></span>ruments are always<span class=\"_ _2\"></span>\u00a0measured at fair<span class=\"_ _2\"></span>\u00a0value <span class=\"wsf1\">under<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">IFR<span class=\"_ _2b\"></span>S 9. For </span></span></span></div>\n<div class=\"t m0 x7 h4f y89e ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the larges<span class=\"_ _0\"></span>t part of it<span class=\"_ _0\"></span>s investm<span class=\"_ _0\"></span>ents in equit<span class=\"_ _0\"></span>y instru<span class=\"_ _0\"></span>ments,<span class=\"_ _0\"></span>\u00a0Ageas inte<span class=\"_ _0\"></span>nds</div>\n<div class=\"t m0 x7 h4f y89f ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to apply the ir<span class=\"_ _2b\"></span>revocable elect<span class=\"_ _2b\"></span>ion in IFRS 9 to prese<span class=\"_ _0\"></span>nt subseq<span class=\"_ _0\"></span>uent</div>\n<div class=\"t m0 x7 h4f y8a0 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">changes <span class=\"_ _2b\"></span>in their fair val<span class=\"_ _2b\"></span>ue in other co<span class=\"_ _0\"></span>mprehe<span class=\"_ _0\"></span>nsive inc<span class=\"_ _2b\"></span>ome (rather th<span class=\"_ _0\"></span>an in</div>\n<div class=\"t m0 x7 h4f y8a1 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement). <span class=\"_ _0\"></span>On the d<span class=\"_ _0\"></span>ate of der<span class=\"_ _2b\"></span>ecognition of i<span class=\"_ _2b\"></span>nvestments in<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y8a2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity ins<span class=\"_ _2b\"></span>truments, for whic<span class=\"_ _2b\"></span>h Ageas elected to p<span class=\"_ _0\"></span>resent su<span class=\"_ _0\"></span>bseque<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y8a3 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">changes <span class=\"_ _2b\"></span>in their fair val<span class=\"_ _2b\"></span>ue in other co<span class=\"_ _0\"></span>mprehe<span class=\"_ _0\"></span>nsive inc<span class=\"_ _2b\"></span>ome, Ageas</div>\n<div class=\"t m0 x1a h4f y8a4 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">intends to recl<span class=\"_ _2\"></span>assify the unrealised gain<span class=\"_ _2\"></span>s or losses that were previousl<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x1a h4f y8a5 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recognised in<span class=\"_ _2\"></span>\u00a0other comprehensive income<span class=\"_ _2\"></span>\u00a0from other comprehensive</div>\n<div class=\"t m0 x1a h4f y8a6 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income to r<span class=\"_ _0\"></span>etained ea<span class=\"_ _0\"></span>rnings.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y8a7 ff6a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets <span class=\"ls0 ws0\">\u2013 </span>loss allowanc<span class=\"_ _0\"></span>e for <span class=\"lse2 wsfa\">expected credi<span class=\"_ _2\"></span>t losses<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8a8 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 9 r<span class=\"_ _0\"></span>eplaces t<span class=\"_ _2b\"></span>he \u2018incurred <span class=\"_ _0\"></span>loss\u2019 mod<span class=\"_ _2b\"></span>el in IAS 3<span class=\"lse2 ws103\">9 with a forward </span></div>\n<div class=\"t m0 x1a h4f y8a9 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">looking \u2018e<span class=\"_ _2b\"></span>xpected credit los<span class=\"_ _0\"></span>s\u2019 model.<span class=\"_ _0\"></span>\u00a0The new exp<span class=\"_ _2b\"></span>ected credit loss</div>\n<div class=\"t m0 x1a h4f y8aa ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">model app<span class=\"_ _0\"></span>lies to in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span>s in debt ins<span class=\"_ _0\"></span>trument<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at are meas<span class=\"_ _2b\"></span>ured at</div>\n<div class=\"t m0 x1a h4f y8ab ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost <span class=\"_ _0\"></span>or at fai<span class=\"_ _0\"></span>r value t<span class=\"_ _2b\"></span>hrough other c<span class=\"_ _0\"></span>omprehe<span class=\"_ _2b\"></span>nsive income, t<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x1a h4f y8ac ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">lease recei<span class=\"_ _2\"></span>vables, trade recei<span class=\"_ _2\"></span>v<span class=\"lse0 wsf0\">abl<span class=\"_ _0\"></span>es and cont<span class=\"_ _0\"></span>ract ass<span class=\"_ _0\"></span>ets. Invest<span class=\"_ _2b\"></span>ments in </span></div>\n<div class=\"t m0 x1a h4f y8ad ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">equity <span class=\"_ _0\"></span>instrume<span class=\"_ _2b\"></span>nts are out of sc<span class=\"_ _2b\"></span>ope of the exp<span class=\"_ _0\"></span>ected c<span class=\"_ _0\"></span>redit lo<span class=\"_ _0\"></span>ss mod<span class=\"_ _0\"></span>el.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ae ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8af ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">IFRS 9 requires an e<span class=\"_ _2\"></span>ntity to recognise a lo<span class=\"_ _2\"></span>ss allowance at an amount</div>\n<div class=\"t m0 x1a h4f y8b0 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equal to<span class=\"_ _2\"></span>\u00a012<span class=\"ls0 ws0\">-</span><span class=\"lse0\">month <span class=\"_ _0\"></span>expecte<span class=\"_ _0\"></span>d credit <span class=\"_ _0\"></span>losses f<span class=\"_ _2b\"></span>or investment<span class=\"_ _2b\"></span>s in debt </span></div>\n<div class=\"t m0 x1a h4f y8b1 ff68 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>e<span class=\"wsf0\">nts for whi<span class=\"_ _2b\"></span>ch <span class=\"_ _2\"></span>the c<span class=\"_ _0\"></span>redit ris<span class=\"_ _0\"></span>k has not inc<span class=\"_ _2b\"></span>reased signific<span class=\"_ _0\"></span>antly si<span class=\"_ _0\"></span>nce </span></div>\n<div class=\"t m0 x1a h4f y8b2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">their init<span class=\"_ _0\"></span>ial recog<span class=\"_ _0\"></span>nition (i<span class=\"_ _0\"></span>.e. class<span class=\"_ _0\"></span>ified in St<span class=\"_ _0\"></span>age 1). For in<span class=\"_ _2b\"></span>vestments in</div>\n<div class=\"t m0 x1a h4f y8b3 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">debt instrumen<span class=\"_ _2\"></span>ts for which the credit risk ha<span class=\"_ _2\"></span>s increased significan<span class=\"_ _2\"></span>tly</div>\n<div class=\"t m0 x1a h4f y8b4 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">since their ini<span class=\"_ _2\"></span>tial recognition (i.e.<span class=\"_ _2\"></span>\u00a0clas<span class=\"lse0 wsf0\">sifi<span class=\"_ _2b\"></span>ed in Stage 2) or for inves<span class=\"_ _0\"></span>tments </span></div>\n<div class=\"t m0 x1a h4f y8b5 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in debt i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>at are in <span class=\"_ _2b\"></span>default, for ex<span class=\"_ _2b\"></span>ample becaus<span class=\"_ _0\"></span>e of mat<span class=\"_ _0\"></span>erial</div>\n<div class=\"t m0 x1a h4f y8b6 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">arrears i<span class=\"_ _0\"></span>n contract<span class=\"_ _2b\"></span>ual payments (i.e.<span class=\"_ _0\"></span>\u00a0classif<span class=\"_ _0\"></span>ied in Stag<span class=\"_ _0\"></span>e 3), Ageas<span class=\"_ _0\"></span>\u00a0will</div>\n<div class=\"t m0 x1a h4f y8b7 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>se a loss all<span class=\"_ _0\"></span>owance at a<span class=\"_ _0\"></span>n amount eq<span class=\"_ _2b\"></span>ual to lifetime expec<span class=\"_ _0\"></span>ted</div>\n<div class=\"t m0 x1a h4f y8b8 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">credi<span class=\"lse1 ws104\">t losses.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y8b9 ff6a fs3a fc1f sc0 ls102 ws115\" style=\"z-index: 15;\">Financial<span class=\"_ _2\"></span>\u00a0liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ba ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 9 will not have a s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>ant impac<span class=\"_ _0\"></span>t on the</div>\n<div class=\"t m0 x1a h4f y8bb ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment and c<span class=\"_ _0\"></span>lassific<span class=\"_ _2b\"></span>ation of <span class=\"lse2 wsf1\">Ageas's <span class=\"_ _2\"></span><span class=\"ws103\">financial liabilities.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h55 y8bc ff6a fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Hedge accoun<span class=\"_ _2\"></span>ting<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8bd ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As from the annual r<span class=\"_ _2\"></span>eporting period starting<span class=\"_ _2\"></span>\u00a0on 1 January 2023, Ageas</div>\n<div class=\"t m0 x1a h4f y8be ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">intends to also<span class=\"_ _2\"></span>\u00a0adopt the requirements on hedg<span class=\"_ _2\"></span>e accounting in IFRS 9.</div>\n<div class=\"t m0 x1a h4f y8bf ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">This <span class=\"wsfa\">is <span class=\"_ _2\"></span>not expected<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span>\u00a0</span></span><span class=\"ws103\">result in a signif<span class=\"_ _2\"></span>icant impact compared to the<span class=\"_ _2\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8c0 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">current<span class=\"_ _0\"></span>\u00a0applicat<span class=\"_ _2b\"></span>ion of the hedge acco<span class=\"_ _0\"></span>unting r<span class=\"lse2 ws103\">equirements in IAS 39.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y8c1 ff6a fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impact asse<span class=\"_ _2\"></span>ssment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8c2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The estim<span class=\"_ _2b\"></span>ated impact of the ado<span class=\"_ _0\"></span>ption of IF<span class=\"_ _0\"></span>RS 9 by the subsi<span class=\"_ _2b\"></span>diaries of</div>\n<div class=\"t m0 x1a h4f y8c3 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas at th<span class=\"_ _0\"></span>e transi<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. 1 Janua<span class=\"_ _0\"></span>ry 2022) is c<span class=\"_ _0\"></span>larified b<span class=\"_ _0\"></span>elow in</div>\n<div class=\"t m0 x1a h4f y8c4 ff68 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">secti<span class=\"_ _2\"></span>on<span class=\"ls0 ws0\">\u00a0<span class=\"ls104 ws126\">D.</span>\u00a0\u2018<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Est<span class=\"_ _0\"></span>imated i<span class=\"_ _0\"></span>mpact of th<span class=\"_ _0\"></span>e adoption of I<span class=\"_ _0\"></span>FRS 9 &amp; IFRS 17 o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>1 </span></span></div>\n<div class=\"t m0 x1a h4f y8c5 ff68 fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">Ja<span class=\"lse2 wsfa\">nuary 2022\u2019.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8c6 ff68 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">C.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1b8\">\u00a0</span><span class=\"lsfa ws114\">IFRS<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">17 \u2018Ins<span class=\"_ _2b\"></span>urance contracts<span class=\"_ _2b\"></span>\u2019<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y8c7 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The IASB i<span class=\"_ _2\"></span>ssued IFRS 17 \u2018Ins<span class=\"_ _2\"></span>urance contracts\u2019 i<span class=\"_ _2\"></span>n May 2017 and</div>\n<div class=\"t m0 x1a h4f y8c8 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amended IFRS 17<span class=\"_ _2\"></span>\u00a0in June 2020. IFRS 17 will replace<span class=\"_ _2\"></span>\u00a0IFRS 4 for annual</div>\n<div class=\"t m0 x1a h4f y8c9 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>ods start<span class=\"_ _2b\"></span>ing on 1 Janua<span class=\"_ _0\"></span>ry 2023, <span class=\"_ _2b\"></span>which is also t<span class=\"_ _2b\"></span>he date as</div>\n<div class=\"t m0 x1a h4f y8ca ff68 fs3a fc14 sc0 ls104 ws116\" style=\"z-index: 15;\">from wh<span class=\"lse2 wsfa\">en Ageas will<span class=\"_ _2\"></span>\u00a0apply IFRS 17.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 361px; height: 745px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 361px; height: 745px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 361px; height: 745px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The EU endo<span class=\"_ _0\"></span>rsed IFR<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>17, i<span class=\"_ _0\"></span>ncludin<span class=\"_ _0\"></span>g the June 20<span class=\"_ _0\"></span>20 amendm<span class=\"_ _2b\"></span>ents, in</div>\n<div class=\"t m0 x7 h4f y803 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">November 2021<span class=\"_ _2\"></span>. This endorsemen<span class=\"_ _2\"></span>t includes an (op<span class=\"_ _2\"></span>tional) European</div>\n<div class=\"t m0 x7 h4f y804 ff6d fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">carve<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">out of the annual cohor<span class=\"_ _2\"></span>t requirement in IFRS 17 for grou<span class=\"_ _2\"></span>ps of </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts with di<span class=\"_ _0\"></span>rect part<span class=\"_ _2b\"></span>icipating featur<span class=\"_ _2b\"></span>es and groups of</div>\n<div class=\"t m0 x7 h4f y806 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent contracts<span class=\"_ _0\"></span>\u00a0with dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary part<span class=\"_ _2b\"></span>icipation fe<span class=\"_ _2b\"></span>atures and with</div>\n<div class=\"t m0 x7 h4f y807 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws that<span class=\"_ _0\"></span>\u00a0affect or <span class=\"_ _2b\"></span>are affected <span class=\"_ _0\"></span>by cash fl<span class=\"_ _2b\"></span>ows to policyh<span class=\"_ _0\"></span>olders <span class=\"_ _0\"></span>of</div>\n<div class=\"t m0 x7 h4f y808 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>ontracts<span class=\"_ _0\"></span>. Ageas<span class=\"_ _0\"></span>\u00a0intends t<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">o<span class=\"_ _2\"></span>\u00a0apply this carve<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">out for a limited set<span class=\"_ _0\"></span>\u00a0of </span></span></span></div>\n<div class=\"t m0 x7 h4f y809 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts with di<span class=\"_ _0\"></span>rect part<span class=\"_ _2b\"></span>icipation featur<span class=\"_ _2b\"></span>es, to align with loca<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x7 h4f y80a ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>actice.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y8cd ff6f fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Scope <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y8ce ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 \u2018I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s\u2019 appli<span class=\"_ _0\"></span>es to<span class=\"ls0 ws0\">\u00a0: </span></div>\n<div class=\"t m0 x7 h4f y882 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 ws103\">In<span class=\"_ _2\"></span>surance contracts, includ<span class=\"_ _2\"></span>ing reinsurance contrac<span class=\"_ _2\"></span>ts issued;</span><span class=\"ff6d\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y883 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsf1\">R<span class=\"_ _2\"></span>einsura<span class=\"lse0 wsf0\">nce cont<span class=\"_ _0\"></span>racts hel<span class=\"_ _0\"></span>d; and<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f y884 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts with di<span class=\"_ _0\"></span>scretio<span class=\"_ _0\"></span>nary p<span class=\"_ _0\"></span>articip<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>eatures </span></span></div>\n<div class=\"t m0 x43 h4f y885 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issued. T<span class=\"_ _0\"></span>hese are i<span class=\"_ _0\"></span>n the scope of IF<span class=\"_ _0\"></span>RS 17 only<span class=\"_ _0\"></span>\u00a0if the issuer al<span class=\"_ _2b\"></span>so</div>\n<div class=\"t m0 x43 h4f y886 ff6d fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">issue<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _2b\"></span>acts.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y8cf ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y8d0 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All refere<span class=\"_ _2b\"></span>nces below to \u2018insu<span class=\"_ _0\"></span>rance cont<span class=\"_ _0\"></span>racts\u2019 e<span class=\"_ _2b\"></span>qually apply to</div>\n<div class=\"t m0 x7 h4f y8d1 ff6d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ance<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">cont<span class=\"_ _0\"></span>racts (b<span class=\"_ _0\"></span>oth reinsu<span class=\"_ _2b\"></span>rance contracts<span class=\"_ _0\"></span>\u00a0held and reins<span class=\"_ _2b\"></span>urance </span></div>\n<div class=\"t m0 x7 h4f y8d2 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s issued) and i<span class=\"_ _2b\"></span>nvestment cont<span class=\"_ _2b\"></span>racts with <span class=\"lse2 wsf1\">discretionary </span></div>\n<div class=\"t m0 x7 h4f y8d3 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures, unl<span class=\"_ _0\"></span>ess stat<span class=\"_ _0\"></span>ed other<span class=\"_ _0\"></span>wise.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y88c ff6f fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Separat<span class=\"_ _0\"></span>ing com<span class=\"_ _0\"></span>ponents f<span class=\"_ _2b\"></span>rom an insuranc<span class=\"_ _2b\"></span>e contract<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y88d ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">An insur<span class=\"_ _0\"></span>ance co<span class=\"_ _2b\"></span>ntract may <span class=\"lse2\">include one or<span class=\"_ _2\"></span>\u00a0more components tha<span class=\"_ _2\"></span>t need </span></div>\n<div class=\"t m0 x7 h4f y88e ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to be sep<span class=\"_ _2b\"></span>arated from th<span class=\"_ _0\"></span>e host ins<span class=\"_ _2b\"></span>urance contr<span class=\"_ _0\"></span>act and b<span class=\"_ _0\"></span>e account<span class=\"_ _2b\"></span>ed for</div>\n<div class=\"t m0 x7 h4f y88f ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g anoth<span class=\"_ _0\"></span>er IFRS st<span class=\"_ _2b\"></span>andard than<span class=\"_ _0\"></span>\u00a0IFRS 17. <span class=\"_ _0\"></span>At cont<span class=\"_ _2b\"></span>ract inception,</div>\n<div class=\"t m0 x7 h4f y890 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas assesses on<span class=\"_ _2\"></span>\u00a0a contract<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">by</span>-</span>contra<span class=\"_ _2\"></span>ct basis whether this might be</div>\n<div class=\"t m0 x7 h4f y891 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the case<span class=\"wsfa\">. Examp<span class=\"_ _2\"></span>les of component<span class=\"_ _2\"></span>s that may require<span class=\"_ _2\"></span>\u00a0separation are:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y892 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">Not closely relat<span class=\"_ _0\"></span>ed embed<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>atives;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y893 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">Distinct invest<span class=\"_ _0\"></span>ment comp<span class=\"_ _0\"></span>onents (I<span class=\"_ _2b\"></span>FRS 17 provides the crit<span class=\"_ _2b\"></span>eria to </span></span></div>\n<div class=\"t m0 x43 h4f y894 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ne when a non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">insurance<span class=\"_ _2\"></span>\u00a0component is distinct from<span class=\"_ _2\"></span>\u00a0the </span></span></div>\n<div class=\"t m0 x43 h4f y895 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">host cont<span class=\"_ _0\"></span>ract); an<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y896 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsf1\">Pr<span class=\"_ _2\"></span>omises <span class=\"ws103\">to transfer<span class=\"_ _2\"></span>\u00a0distinct goods or services o<span class=\"_ _2\"></span>ther than insurance </span></span></span></div>\n<div class=\"t m0 x43 h4f y897 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract servi<span class=\"_ _2\"></span>ces to a policyholder.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y898 ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y899 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Separat<span class=\"_ _0\"></span>ed embed<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>atives an<span class=\"_ _0\"></span>d distinct<span class=\"_ _0\"></span>\u00a0investm<span class=\"_ _0\"></span>ent comp<span class=\"_ _0\"></span>onents</div>\n<div class=\"t m0 x7 h4f y89a ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are accou<span class=\"_ _2b\"></span>nted for as if they were sta<span class=\"_ _2b\"></span>nd<span class=\"ls0 ws0\">-</span>alone financial i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y89b ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y89c ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">After th<span class=\"_ _2b\"></span>e above steps,<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">Ageas separates from the hos<span class=\"_ _2\"></span>t insurance contract </span></span></div>\n<div class=\"t m0 x7 h4f y89d ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any promis<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to tr<span class=\"_ _0\"></span>ansfer dis<span class=\"_ _0\"></span>tinct go<span class=\"_ _0\"></span>ods or servic<span class=\"_ _2b\"></span>es other than insur<span class=\"_ _0\"></span>ance</div>\n<div class=\"t m0 x7 h4f y89e ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract servi<span class=\"_ _2\"></span>ces to a policyholder (such as pen<span class=\"_ _2\"></span>sion administration, ri<span class=\"_ _2\"></span>sk</div>\n<div class=\"t m0 x7 h4f y89f ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">management, as<span class=\"_ _2\"></span>sistance, asset management or cu<span class=\"_ _2\"></span>stody services) and</div>\n<div class=\"t m0 x7 h4f y8a0 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>em as se<span class=\"_ _0\"></span>parate c<span class=\"_ _2b\"></span>ontracts with <span class=\"_ _0\"></span>custom<span class=\"_ _0\"></span>ers (i.e. <span class=\"_ _0\"></span>not as</div>\n<div class=\"t m0 x7 h4f y8a1 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontracts), applying <span class=\"_ _2\"></span>IFRS 15<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">\u2018Revenue f<span class=\"_ _2\"></span>rom contracts with </span></div>\n<div class=\"t m0 x7 h4f y8a2 ff6d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">customers\u2019<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h55 y8d4 ff6f fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Level of <span class=\"_ _2\"></span>aggregation<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y8d5 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For prese<span class=\"_ _2b\"></span>ntation and measur<span class=\"_ _2b\"></span>ement purposes,<span class=\"_ _0\"></span>\u00a0Ageas id<span class=\"_ _0\"></span>entifie<span class=\"_ _0\"></span>s portfol<span class=\"_ _2b\"></span>ios</div>\n<div class=\"t m0 x7 h4f y8d6 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and groups<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">of ins<span class=\"_ _2b\"></span>urance contrac<span class=\"_ _0\"></span>ts.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y8d7 ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8d8 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A portfol<span class=\"_ _0\"></span>io of insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts incl<span class=\"_ _2b\"></span>udes contracts th<span class=\"_ _2b\"></span>at are subject to</div>\n<div class=\"t m0 x1a h4f y8d9 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">similar ris<span class=\"_ _2\"></span>k and that are managed together.</div>\n<div class=\"t m0 xad h6b y8da ff71 fs47 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0<span class=\"ff6d fs3a lse2 ws103\">Portfoli<span class=\"_ _2\"></span>os of insurance </span></div>\n<div class=\"t m0 x1a h4f y8db ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s are identif<span class=\"_ _0\"></span>ied at t<span class=\"_ _0\"></span>he level <span class=\"_ _0\"></span>of the iss<span class=\"_ _0\"></span>uing e<span class=\"_ _0\"></span>ntity. E<span class=\"_ _0\"></span>xamples o<span class=\"_ _2b\"></span>f</div>\n<div class=\"t m0 x1a h4f y8dc ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">portfol<span class=\"_ _0\"></span>ios in t<span class=\"lse2 wsf1\">he <span class=\"ls0 ws0\">N</span>on<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life bu<span class=\"_ _2\"></span>siness of Ageas are<span class=\"_ _2\"></span>\u00a0Accident, Health<span class=\"_ _2\"></span>, </span></span></div>\n<div class=\"t m0 x1a h4f y8dd ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Property, Mo<span class=\"_ _2\"></span>tor\u2026 Upon initial<span class=\"_ _2\"></span>\u00a0recognition, insurance<span class=\"_ _2\"></span>\u00a0contracts are</div>\n<div class=\"t m0 x1a h4f y8de ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">added to t<span class=\"_ _2b\"></span>he applicabl<span class=\"_ _0\"></span>e portfol<span class=\"_ _2b\"></span>io.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8df ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8e0 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For measuremen<span class=\"_ _2\"></span>t purposes, Ageas further di<span class=\"_ _2\"></span>vides portfolios of</div>\n<div class=\"t m0 x1a h4f y8e1 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts into g<span class=\"_ _0\"></span>roups of ins<span class=\"_ _0\"></span>urance co<span class=\"_ _2b\"></span>ntracts. A group of</div>\n<div class=\"t m0 x1a h4f y8e2 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts is dete<span class=\"_ _2b\"></span>rmined by first div<span class=\"_ _0\"></span>iding the po<span class=\"_ _0\"></span>rtfolio of<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y8e3 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontracts into annua<span class=\"_ _2\"></span>l cohorts (e.g. b<span class=\"_ _2\"></span>y year of issue),<span class=\"_ _2\"></span>\u00a0to</div>\n<div class=\"t m0 x1a h4f y8e4 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">guarant<span class=\"_ _0\"></span>ee that <span class=\"_ _0\"></span>each coh<span class=\"_ _0\"></span>ort does<span class=\"_ _0\"></span>\u00a0not incl<span class=\"_ _2b\"></span>ude contracts t<span class=\"_ _2b\"></span>hat are issued</div>\n<div class=\"t m0 x1a h4f y8e5 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">more than one year<span class=\"_ _2\"></span>\u00a0ap<span class=\"lse0 wsf0\">art.<span class=\"_ _0\"></span>\u00a0Each annu<span class=\"_ _0\"></span>al cohort is t<span class=\"_ _0\"></span>hen furthe<span class=\"_ _2b\"></span>r divided </span></div>\n<div class=\"t m0 x1a h4f y8e6 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">into (a mini<span class=\"_ _0\"></span>mum of) thr<span class=\"_ _0\"></span>ee groups of in<span class=\"_ _2b\"></span>surance contract<span class=\"_ _2b\"></span>s, based on the</div>\n<div class=\"t m0 x1a h4f y8e7 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">expected pro<span class=\"_ _2\"></span>fitability of the underlying con<span class=\"_ _2\"></span>tracts:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8e8 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0group of insurance<span class=\"_ _2\"></span>\u00a0contracts that<span class=\"_ _2\"></span>\u00a0<span class=\"wsf1\">are</span></span><span class=\"ff6d\">\u00a0<span class=\"lse2 wsfa\">onerous at i<span class=\"_ _2\"></span>nitial </span></span></span></div>\n<div class=\"t m0 x6c h4f y8e9 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, if any; <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ea ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0group of insurance<span class=\"_ _2\"></span>\u00a0contracts that<span class=\"_ _2\"></span>\u00a0at initial recog<span class=\"_ _2\"></span>nition have no </span></span></div>\n<div class=\"t m0 x6c h4f y8eb ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span>\u00a0possibility of be<span class=\"_ _2\"></span>coming onerous sub<span class=\"_ _2\"></span>sequently, if any;<span class=\"_ _2\"></span>\u00a0and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ec ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">A group of the remain<span class=\"_ _2b\"></span>ing insurance cont<span class=\"_ _2b\"></span>racts, if any.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y8ed ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8ee ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts th<span class=\"_ _2b\"></span>at would fall int<span class=\"_ _2b\"></span>o different gr<span class=\"_ _0\"></span>oups on<span class=\"_ _0\"></span>ly becau<span class=\"_ _2b\"></span>se</div>\n<div class=\"t m0 x1a h4f y8ef ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">law or regu<span class=\"_ _0\"></span>lation s<span class=\"_ _0\"></span>pecific<span class=\"_ _0\"></span>ally const<span class=\"_ _2b\"></span>rains the practic<span class=\"_ _0\"></span>al ability<span class=\"_ _0\"></span>\u00a0of the issui<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y8f0 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">entity t<span class=\"_ _0\"></span>o set a dif<span class=\"_ _0\"></span>ferent<span class=\"_ _2b\"></span>\u00a0price or leve<span class=\"_ _0\"></span>l of benef<span class=\"_ _0\"></span>its for <span class=\"_ _0\"></span>policy<span class=\"_ _0\"></span>holders <span class=\"_ _0\"></span>with</div>\n<div class=\"t m0 x1a h4f y8f1 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nt chara<span class=\"_ _2b\"></span>cteristics are <span class=\"_ _0\"></span>includ<span class=\"_ _0\"></span>ed in the s<span class=\"_ _2b\"></span>ame g<span class=\"lse2 wsf1\">roup<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h55 y8f2 ff6f fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Recognition<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8f3 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rec<span class=\"_ _2b\"></span>ognises groups of<span class=\"_ _0\"></span>\u00a0insuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s and rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y8f4 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s issued (othe<span class=\"_ _0\"></span>r than i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt contracts wit<span class=\"_ _2b\"></span>h <span class=\"wsef\">discretion<span class=\"_ _0\"></span>ary </span></div>\n<div class=\"t m0 x1a h4f y8f5 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse2\">and reinsu<span class=\"_ _2\"></span>rance contracts held)<span class=\"_ _2\"></span>\u00a0on its </span></div>\n<div class=\"t m0 x1a h4f y8f6 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated st<span class=\"_ _2b\"></span>atement of fin<span class=\"_ _0\"></span>ancial p<span class=\"_ _0\"></span>osition<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">from the<span class=\"_ _2\"></span>\u00a0earliest of:</span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8f7 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">The beginning of t<span class=\"_ _0\"></span>heir cover<span class=\"_ _0\"></span>age peri<span class=\"_ _0\"></span>od;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y8f8 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsfa\">The date when t<span class=\"_ _2b\"></span>he first payment<span class=\"_ _0\"></span>\u00a0from a <span class=\"_ _0\"></span>policyh<span class=\"_ _0\"></span>older in t<span class=\"_ _2b\"></span>he group </span></span></div>\n<div class=\"t m0 x6c h4f y8f9 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">becomes<span class=\"_ _0\"></span>\u00a0due, or, wh<span class=\"_ _0\"></span>en there is no d<span class=\"_ _2b\"></span>ue date, when the first p<span class=\"_ _2b\"></span>ayment</div>\n<div class=\"t m0 x6c h4f y8fa ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from the <span class=\"_ _2\"></span>policyholder is re<span class=\"_ _2\"></span>ceived; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8fb ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">W<span class=\"_ _2\"></span>hen facts and circ<span class=\"_ _2\"></span>ums<span class=\"lse0 wsf0\">tanc<span class=\"_ _0\"></span>es indicat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>that<span class=\"_ _0\"></span>\u00a0the group of<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce </span></span></span></div>\n<div class=\"t m0 x6c h4f y8fc ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts becom<span class=\"_ _2\"></span>es onerous.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8fd ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8fe ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rec<span class=\"_ _2b\"></span>ognises groups of<span class=\"_ _0\"></span>\u00a0investme<span class=\"_ _0\"></span>nt contrac<span class=\"_ _0\"></span>ts with <span class=\"wsef\">dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary </span></div>\n<div class=\"t m0 x1a h4f y8ff ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">on its cons<span class=\"_ _0\"></span>olidated st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>\u00a0of financi<span class=\"_ _2b\"></span>al position </span></div>\n<div class=\"t m0 x1a h4f y900 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">when Ageas becom<span class=\"_ _2\"></span>es party to the contract<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h55 y901 ff6f fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Measurement app<span class=\"_ _2\"></span>roaches<span class=\"ls0 ws0\">\u00a0\u00a0</span></div>\n<div class=\"t m0 x1a h4f y902 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas measure<span class=\"_ _2\"></span>s groups of in<span class=\"_ _2\"></span>surance contracts us<span class=\"_ _2\"></span>ing the following<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y903 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measurement app<span class=\"_ _2\"></span>roaches:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y904 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he General Measurem<span class=\"_ _2\"></span>ent Model (GMM), a<span class=\"_ _2\"></span>lso referred to a<span class=\"_ _2\"></span>s </span></span></div>\n<div class=\"t m0 x6c h4f y905 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Buildi<span class=\"_ _0\"></span>ng Block App<span class=\"_ _0\"></span>roach (BB<span class=\"_ _0\"></span>A);<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y906 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he Premium Allocat<span class=\"_ _2\"></span>ion Approach (PAA);<span class=\"_ _2\"></span>\u00a0and</span><span class=\"ff6d\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y907 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he Variabl<span class=\"lse0 wsf0\">e Fee Approa<span class=\"_ _0\"></span>ch (VFA).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">General Mea<span class=\"_ _2\"></span>surement Model <span class=\"ls0 ws0\">\u2013<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">initi<span class=\"_ _2b\"></span>al measurement<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under the <span class=\"lse0 wsf0\">General Meas<span class=\"_ _0\"></span>urement<span class=\"_ _0\"></span>\u00a0Model, gro<span class=\"_ _0\"></span>ups of insu<span class=\"_ _0\"></span>rance c<span class=\"_ _0\"></span>ontracts </span></div>\n<div class=\"t m0 x7 h4f y804 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">are<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">measured on init<span class=\"_ _2b\"></span>ial recognition a<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>the t<span class=\"_ _0\"></span>otal of:<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse0 wsfa\">The present v<span class=\"_ _0\"></span>alue of t<span class=\"_ _2b\"></span>heir estimate<span class=\"_ _0\"></span>d future c<span class=\"_ _2b\"></span>ash flows;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse2 ws103\">An<span class=\"_ _2\"></span>\u00a0explicit <span class=\"lse1 wsf0\">risk </span>adjustment<span class=\"_ _2\"></span>\u00a0for non</span><span class=\"ff72\">-<span class=\"lse2 wsfa\">financial ri<span class=\"_ _2\"></span>sk; and</span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y807 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse2 wsf1\">T<span class=\"_ _2\"></span>he </span><span class=\"ff72\">c<span class=\"lse2 wsf1\">ontractual<span class=\"_ _2\"></span>\u00a0</span>s<span class=\"lse1 wsf0\">ervice </span>m<span class=\"lse2 ws103\">argin<span class=\"_ _2\"></span>\u00a0(CSM), unless the contract is<span class=\"_ _2\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x43 h4f y808 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">onerous. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y809 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The sum of the presen<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsfa\">value of<span class=\"_ _0\"></span>\u00a0<span class=\"lse2 wsf1\">the </span>estimates<span class=\"_ _0\"></span>\u00a0of futu<span class=\"_ _0\"></span>re cash f<span class=\"_ _0\"></span>lows an<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the risk<span class=\"_ _2\"></span>\u00a0adjustment for non<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">financ<span class=\"_ _2b\"></span>ial risk is referred t<span class=\"_ _0\"></span>o as the fulfi<span class=\"_ _0\"></span>lment </span></span></div>\n<div class=\"t m0 x7 h4f y80c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>\u00a0of the grou<span class=\"_ _0\"></span>p of contract<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80d ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80e ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The esti<span class=\"_ _0\"></span>mates of f<span class=\"_ _2b\"></span>uture cash fl<span class=\"_ _0\"></span>ows incl<span class=\"_ _2b\"></span>uded in the meas<span class=\"_ _2b\"></span>urement of a</div>\n<div class=\"t m0 x7 h4f y80f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">group of co<span class=\"_ _0\"></span>ntracts ar<span class=\"_ _2b\"></span>e determined by the gui<span class=\"_ _2b\"></span>dance in IFRS 17 on</div>\n<div class=\"t m0 x7 h4f y810 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract bounda<span class=\"_ _2\"></span>ries. For some product group<span class=\"_ _2\"></span>s, the guidance on contract<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y90a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">boundaries und<span class=\"_ _2\"></span>er<span class=\"ls0 ws0\">\u00a0</span>IFRS 17 differs from the<span class=\"_ _2\"></span>\u00a0current practice under IFRS<span class=\"_ _2\"></span>\u00a04</div>\n<div class=\"t m0 x7 h4f y90b ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or the (<span class=\"_ _2\"></span>shorter) contract boun<span class=\"_ _2\"></span>daries applicable<span class=\"_ _2\"></span>\u00a0under Solvency I<span class=\"_ _2\"></span>I.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90c ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y90d ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The cash flow and<span class=\"_ _2\"></span>\u00a0valuation modelling methodol<span class=\"_ _2\"></span>ogy used <span class=\"wsf1\">under<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">IF<span class=\"_ _2\"></span>RS </span></span></span></div>\n<div class=\"t m0 x7 h4f y90e ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">17 is si<span class=\"_ _0\"></span>milar to t<span class=\"_ _2b\"></span>he models <span class=\"lse2\">Ageas uses<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf1\">under<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span>Solve<span class=\"_ _2b\"></span>ncy II. For the</div>\n<div class=\"t m0 x7 h4f y90f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span>s in scope of t<span class=\"_ _0\"></span>he G<span class=\"lse2 wsfa\">eneral Measuremen<span class=\"_ _2\"></span>t Model<span class=\"lse0\">, the fix<span class=\"_ _0\"></span>ed cash </span></span></div>\n<div class=\"t m0 x7 h4f y910 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">flows are<span class=\"_ _2\"></span>\u00a0modelled <span class=\"lse0\">on a </span><span class=\"wsf1\">contract<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">by</span>-<span class=\"lse0 wsef\">contract</span>\u00a0<span class=\"ls102 ws11d\">basis<span class=\"lsfc ws121\">. Ne<span class=\"_ _2\"></span>xt,</span></span>\u00a0</span>these </span></div>\n<div class=\"t m0 x7 h4f y911 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">projected <span class=\"_ _2\"></span>cash flows are g<span class=\"_ _2\"></span>rouped in meaningf<span class=\"_ _2\"></span>ul model points.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span><span class=\"lse0\">The c<span class=\"_ _2b\"></span>ash </span></div>\n<div class=\"t m0 x7 h4f y912 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows rel<span class=\"_ _0\"></span>ated to thes<span class=\"_ _0\"></span>e model poi<span class=\"_ _0\"></span>nts are stoc<span class=\"_ _2b\"></span>hastically pro<span class=\"_ _2b\"></span>jected to derive</div>\n<div class=\"t m0 x7 h4f y913 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the varia<span class=\"_ _0\"></span>ble cash fl<span class=\"_ _0\"></span>ows and the o<span class=\"_ _0\"></span>ption adj<span class=\"_ _0\"></span>usted val<span class=\"_ _0\"></span>ue (at total<span class=\"_ _0\"></span>\u00a0portfoli<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x7 h4f y914 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">level or for a<span class=\"_ _2\"></span>\u00a0group of new bu<span class=\"lse0 wsfa\">siness<span class=\"_ _0\"></span>). Both t<span class=\"_ _2b\"></span>he cash flows<span class=\"_ _0\"></span>\u00a0and val<span class=\"_ _0\"></span>uation </span></div>\n<div class=\"t m0 x7 h4f y915 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">captur<span class=\"_ _0\"></span>e the de<span class=\"_ _0\"></span>pendency<span class=\"_ _0\"></span>\u00a0to risk <span class=\"_ _0\"></span>neutral f<span class=\"_ _2b\"></span>inancial vari<span class=\"_ _2b\"></span>able movement<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y916 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(e.g. inte<span class=\"_ _2b\"></span>rest rates, share p<span class=\"_ _0\"></span>rice move<span class=\"_ _0\"></span>ments, rea<span class=\"_ _0\"></span>l estate v<span class=\"_ _0\"></span>aluatio<span class=\"_ _2b\"></span>n).</div>\n<div class=\"t m0 x7 h4f y917 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Finally<span class=\"_ _0\"></span>, the va<span class=\"_ _0\"></span>riable c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s are al<span class=\"_ _0\"></span>located t<span class=\"_ _2b\"></span>o the groups of<span class=\"_ _0\"></span>\u00a0contrac<span class=\"_ _0\"></span>ts</div>\n<div class=\"t m0 x7 h4f y918 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">re<span class=\"lse2 ws103\">cognised under IFRS 17<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y919 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y91a ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The met<span class=\"_ _0\"></span>hods an<span class=\"_ _0\"></span>d proces<span class=\"_ _0\"></span>ses use<span class=\"_ _0\"></span>d for th<span class=\"_ _0\"></span>e project<span class=\"_ _2b\"></span>ion and valuati<span class=\"_ _0\"></span>on <span class=\"lsf4 ws10c\">of </span></div>\n<div class=\"t m0 x7 h4f y91b ff72 fs3a fc14 sc0 lse1 ws104\" style=\"z-index: 15;\">cash flows <span class=\"lse2 wsfa\">are overseen an<span class=\"_ _2\"></span>d validated by the<span class=\"_ _2\"></span>\u00a0Model Control Boar<span class=\"_ _2\"></span>d of </span></div>\n<div class=\"t m0 x7 h4f y91c ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas. Any<span class=\"_ _2\"></span>\u00a0changes in the <span class=\"_ _2\"></span>methods and process<span class=\"_ _2\"></span>es for estimating <span class=\"_ _2\"></span>inputs</div>\n<div class=\"t m0 x7 h4f y91d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">used to m<span class=\"_ _2b\"></span>easure contrac<span class=\"_ _0\"></span>ts,<span class=\"ls0 ws0\">\u00a0</span>the re<span class=\"_ _0\"></span>ason f<span class=\"_ _0\"></span>or each c<span class=\"_ _0\"></span>hange,<span class=\"_ _0\"></span>\u00a0and the t<span class=\"_ _0\"></span>ype of</div>\n<div class=\"t m0 x7 h4f y91e ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>aff<span class=\"_ _0\"></span>ected ar<span class=\"_ _0\"></span>e docume<span class=\"_ _0\"></span>nted and val<span class=\"_ _0\"></span>idated.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91f ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y920 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The subsi<span class=\"_ _0\"></span>diaries of<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>Ageas<span class=\"_ _0\"></span>\u00a0will deter<span class=\"_ _2b\"></span>mine the present val<span class=\"_ _0\"></span>ue of <span class=\"lse2 wsf1\">the </span></div>\n<div class=\"t m0 x7 h4f y921 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es of future cash flo<span class=\"_ _0\"></span>ws using di<span class=\"_ _0\"></span>scount <span class=\"wsef\">cur<span class=\"_ _0\"></span>ves<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">that are det<span class=\"_ _2\"></span>ermined </span></span></span></div>\n<div class=\"t m0 x7 h4f y922 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using a top<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">down metho<span class=\"lse2 wsfa\">dology, aligning to th<span class=\"_ _2\"></span>e methodology used<span class=\"_ _2\"></span>\u00a0under </span></span></span></div>\n<div class=\"t m0 x7 h4f y923 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Solvency <span class=\"_ _2\"></span>II pillar 2.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y924 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y925 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The risk adju<span class=\"_ _2\"></span>stment for non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">financi<span class=\"_ _0\"></span>al risk ref<span class=\"_ _2b\"></span>lects the co<span class=\"_ _0\"></span>mpensat<span class=\"_ _0\"></span>ion that<span class=\"_ _0\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y926 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas req<span class=\"_ _0\"></span>uires fo<span class=\"_ _0\"></span>r bearing un<span class=\"_ _0\"></span>certai<span class=\"_ _0\"></span>nty about t<span class=\"_ _0\"></span>he amount an<span class=\"_ _0\"></span>d timing of</div>\n<div class=\"t m0 x7 h4f y927 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cash f<span class=\"_ _2b\"></span>lows of the gr<span class=\"_ _0\"></span>oup of ins<span class=\"_ _2b\"></span>urance c<span class=\"wsf0\">ontract<span class=\"_ _0\"></span>s that aris<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>fro<span class=\"_ _0\"></span>m non<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x7 h4f y928 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al risk. It c<span class=\"_ _0\"></span>overs ins<span class=\"_ _0\"></span>urance ris<span class=\"_ _2b\"></span>k and other non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">financial risks,<span class=\"_ _2\"></span>\u00a0such </span></span></div>\n<div class=\"t m0 x7 h4f y929 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as lapse and ex<span class=\"_ _2b\"></span>pense risk.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y92a ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y92b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The subsi<span class=\"_ _0\"></span>diaries of<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>Ageas<span class=\"_ _0\"></span>\u00a0will calc<span class=\"_ _0\"></span>ulate the ri<span class=\"_ _0\"></span>sk adjustm<span class=\"_ _2b\"></span>ent for non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y92c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al risk usi<span class=\"_ _0\"></span>ng a confide<span class=\"_ _0\"></span>nce level ap<span class=\"_ _0\"></span>proach,<span class=\"_ _0\"></span>\u00a0target<span class=\"_ _0\"></span>ing the 75</div>\n<div class=\"t m0 x75 h64 y92d ff72 fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">th</div>\n<div class=\"t m0 x215 h4f y92e ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y92f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">percent<span class=\"_ _0\"></span>ile. No gro<span class=\"_ _0\"></span>up divers<span class=\"_ _0\"></span>ificati<span class=\"_ _0\"></span>on effect<span class=\"_ _0\"></span>s are appl<span class=\"_ _0\"></span>ied. Subj<span class=\"_ _0\"></span>ect to</div>\n<div class=\"t m0 x1a h4f y930 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">appropri<span class=\"_ _2b\"></span>ate manageme<span class=\"_ _0\"></span>nt level a<span class=\"_ _2b\"></span>pproval, the ri<span class=\"_ _0\"></span>sk adjus<span class=\"_ _0\"></span>tment s<span class=\"_ _0\"></span>hould</div>\n<div class=\"t m0 x1a h4f y931 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">include an allow<span class=\"_ _2\"></span>ance to adequately reflect<span class=\"_ _2\"></span>\u00a0emerging risks and</div>\n<div class=\"t m0 x1a h4f y932 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ainties.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y933 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y934 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ls0 ws0\">c</span>on<span class=\"_ _2\"></span>tractual <span class=\"ls0 ws0\">s<span class=\"lse1 wsf0\">ervice <span class=\"_ _2\"></span></span>m<span class=\"lse0 wsef\">ar</span></span><span class=\"wsfa\">gin (</span>CSM<span class=\"ls0 ws0\">) </span><span class=\"wsfa\">rep<span class=\"_ _2\"></span>resents the unearne<span class=\"_ _2\"></span>d profit on </span></div>\n<div class=\"t m0 x1a h4f y935 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">a group o<span class=\"_ _2\"></span>f insurance cont<span class=\"_ _2\"></span>racts.<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">As a direct conseque<span class=\"_ _2\"></span>nce of the </span></div>\n<div class=\"t m0 x1a h4f y936 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion of <span class=\"wsfa\">a contract<span class=\"_ _0\"></span>ual serv<span class=\"_ _0\"></span>ice marg<span class=\"_ _2b\"></span>in<span class=\"wsf0\">, any day one gains in t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f y937 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fulfilm<span class=\"_ _2b\"></span>ent cash flows are def<span class=\"_ _0\"></span>erred. <span class=\"lse2 ws103\">Ageas will recognise th<span class=\"ls0 ws0\">e<span class=\"_ _2\"></span>\u00a0</span><span class=\"wsf1\">unearned </span></span></div>\n<div class=\"t m0 x1a h4f y938 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">profit <span class=\"lse2 wsf1\">on<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">a group o<span class=\"_ _2\"></span>f insurance contrac<span class=\"_ _2\"></span>ts <span class=\"ls102 ws129\">in its<span class=\"ls0 ws0\">\u00a0</span></span></span>consol<span class=\"_ _2\"></span>idated<span class=\"ls0 ws0\">\u00a0</span></span>income</div>\n<div class=\"t m0 x1a h4f y939 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt over the per<span class=\"_ _2b\"></span>iod that it prov<span class=\"_ _0\"></span>ides ins<span class=\"_ _2b\"></span>urance contra<span class=\"_ _0\"></span>ct serv<span class=\"_ _0\"></span>ices.</div>\n<div class=\"t m0 x1a h4f y93a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Weighted coverage<span class=\"_ _2\"></span>\u00a0units <span class=\"ls106 ws10c\">will be<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"wsfa\">used for multi<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>cover insurance </span></div>\n<div class=\"t m0 x1a h4f y93b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span>s, when rel<span class=\"_ _2b\"></span>evant to have a result p<span class=\"_ _0\"></span>rofile in l<span class=\"_ _0\"></span>ine with the n<span class=\"_ _0\"></span>ature of</div>\n<div class=\"t m0 x1a h4f y93c ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cont<span class=\"_ _0\"></span>ract. Ot<span class=\"_ _2b\"></span>herwise, the m<span class=\"_ _2b\"></span>ost relevant si<span class=\"_ _2b\"></span>ngle covera<span class=\"_ _0\"></span>ge unit <span class=\"ls106 ws115\">w<span class=\"_ _0\"></span>ill be<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y93d ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">used.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y93e ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y93f ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"wsfa\">contra<span class=\"_ _2\"></span>ctual service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">of a grou<span class=\"_ _0\"></span>p of insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cont<span class=\"_ _2b\"></span>racts can </span></span></span></div>\n<div class=\"t m0 x1a h4f y940 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">never b<span class=\"_ _0\"></span>e negativ<span class=\"_ _2b\"></span>e. In such a sit<span class=\"_ _0\"></span>uation,<span class=\"_ _2b\"></span>\u00a0the group of ins<span class=\"_ _2b\"></span>urance contr<span class=\"_ _2b\"></span>acts</div>\n<div class=\"t m0 x1a h4f y941 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is onerou<span class=\"_ _2\"></span>s (i.e. bein<span class=\"lse0 wsf0\">g in a loss positi<span class=\"_ _0\"></span>on), and any l<span class=\"_ _2b\"></span>oss is immediately<span class=\"_ _0\"></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y942 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y943 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">General Mea<span class=\"_ _2\"></span>surement Model <span class=\"ls0 ws0\">\u2013<span class=\"_ _2\"></span>\u00a0</span>subsequent measur<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y944 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The carry<span class=\"_ _2b\"></span>ing amount of a <span class=\"_ _2b\"></span>group of insur<span class=\"_ _0\"></span>ance co<span class=\"_ _0\"></span>ntracts <span class=\"_ _0\"></span>at a rep<span class=\"_ _0\"></span>orting</div>\n<div class=\"t m0 x1a h4f y945 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date is t<span class=\"_ _0\"></span>he sum of<span class=\"_ _0\"></span>\u00a0the lia<span class=\"_ _0\"></span>bility f<span class=\"_ _2b\"></span>or remaining c<span class=\"_ _0\"></span>o<span class=\"lse2\">verage, includi<span class=\"_ _2\"></span>ng any </span></div>\n<div class=\"t m0 x1a h4f y946 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>ual service mar<span class=\"_ _0\"></span>gin or loss co<span class=\"_ _0\"></span>mponent,<span class=\"_ _0\"></span>\u00a0and the liab<span class=\"_ _0\"></span>ility fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f y947 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d claims<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y948 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y949 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fulfil<span class=\"_ _2b\"></span>ment cash flows are r<span class=\"_ _0\"></span>emeasu<span class=\"_ _0\"></span>red at ever<span class=\"_ _0\"></span>y reporti<span class=\"_ _2b\"></span>ng period using</div>\n<div class=\"t m0 x1a h4f y94a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">current estima<span class=\"_ _2\"></span>tes of future cash flows, cur<span class=\"_ _2\"></span>rent discount rates and <span class=\"wsf1\">cur<span class=\"_ _2\"></span>rent </span></div>\n<div class=\"t m0 x1a h4f y94b ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es of the risk a<span class=\"_ _2b\"></span>djustment for n<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">financ<span class=\"_ _0\"></span>ial risks.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y94c ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y94d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In remeas<span class=\"_ _2b\"></span>uring the fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows <span class=\"lse2 ws103\">of the liability for rem<span class=\"_ _2\"></span>aining </span></div>\n<div class=\"t m0 x1a h4f y94e ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coverage <span class=\"_ _2\"></span><span class=\"ws103\">in subsequent reporting period<span class=\"_ _2\"></span>s, certain changes in the </span></div>\n<div class=\"t m0 x1a h4f y94f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fulfilm<span class=\"_ _2b\"></span>ent cash flows are adj<span class=\"_ _0\"></span>usted aga<span class=\"_ _0\"></span>inst the <span class=\"lse2 wsfa\">contractual service ma<span class=\"_ _2\"></span>rgin<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y950 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and will t<span class=\"_ _2b\"></span>herefore be rec<span class=\"_ _2b\"></span>ognised in th<span class=\"_ _0\"></span>e incom<span class=\"_ _2b\"></span>e statement ov<span class=\"_ _0\"></span>er the</div>\n<div class=\"t m0 x1a h4f y951 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>ng period d<span class=\"_ _2b\"></span>uring which Ageas pr<span class=\"_ _0\"></span>ovides i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contr<span class=\"lsf4 ws10c\">act </span></div>\n<div class=\"t m0 x1a h4f y952 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s. Inter<span class=\"_ _0\"></span>est for the pa<span class=\"_ _0\"></span>ssage of tim<span class=\"_ _0\"></span>e is accrete<span class=\"_ _0\"></span>d on the <span class=\"lse2 wsf1\">contractual </span></div>\n<div class=\"t m0 x1a h4f y953 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"lse0 wsf0\">, using d<span class=\"_ _2b\"></span>iscount rates at<span class=\"_ _0\"></span>\u00a0initial rec<span class=\"_ _0\"></span>ognitio<span class=\"_ _2b\"></span>n of <span class=\"_ _2\"></span>the </span></div>\n<div class=\"t m0 x1a h4f y954 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">contracts.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y955 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Premium Alloc<span class=\"_ _2\"></span>ation Approach<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y956 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>permits<span class=\"_ _0\"></span>\u00a0an entity<span class=\"_ _0\"></span>\u00a0to meas<span class=\"_ _2b\"></span>ure groups of i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e contracts th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x1a h4f y957 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">meet spec<span class=\"_ _0\"></span>ific con<span class=\"_ _0\"></span>ditions, suc<span class=\"_ _2b\"></span>h as insurance cont<span class=\"_ _0\"></span>racts tha<span class=\"_ _2b\"></span>t <span class=\"_ _2\"></span>have a</div>\n<div class=\"t m0 x1a h4f y958 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coverag<span class=\"_ _2b\"></span>e period of one year or le<span class=\"_ _0\"></span>ss, apply<span class=\"_ _2b\"></span>ing the simplified P<span class=\"_ _0\"></span>remium</div>\n<div class=\"t m0 x1a h4f y959 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Allocat<span class=\"_ _0\"></span>ion Appro<span class=\"_ _2b\"></span>ach (instead of the G<span class=\"lse2 wsfa\">eneral Measurement Model</span><span class=\"wsef\">).<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y95a ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y95b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In applyi<span class=\"_ _0\"></span>ng the <span class=\"lse2 wsfa\">Premium Allocation<span class=\"_ _2\"></span>\u00a0Approach<span class=\"ws103\">, Ageas </span></span><span class=\"wsef\">intends<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">to </span></span></span></div>\n<div class=\"t m0 x1a h4f y95c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>se any insu<span class=\"_ _0\"></span>rance acq<span class=\"_ _2b\"></span>uisition cash flow<span class=\"_ _0\"></span>s as an expens<span class=\"_ _0\"></span>e when it</div>\n<div class=\"t m0 x1a h4f y95d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">incurs t<span class=\"_ _0\"></span>hose cos<span class=\"_ _0\"></span>ts, prov<span class=\"_ _2b\"></span>ided that the <span class=\"_ _0\"></span>initial c<span class=\"_ _2b\"></span>overage peri<span class=\"_ _0\"></span>od at th<span class=\"_ _0\"></span>e initial</div>\n<div class=\"t m0 x1a h4f y95e ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion date of the groups of<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts is no mo<span class=\"_ _0\"></span>re than</div>\n<div class=\"t m0 x1a h4f y95f ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">one year. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Applying the <span class=\"wsfa\">Pre<span class=\"_ _2\"></span>mium Allocation Appro<span class=\"_ _2\"></span>ach<span class=\"lse0 wsf0\">, the li<span class=\"_ _0\"></span>ability for r<span class=\"_ _0\"></span>emaini<span class=\"_ _0\"></span>ng </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coverage <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">is<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"ws103\">initially recogn<span class=\"_ _2\"></span>ised as the premiums received a<span class=\"_ _2\"></span>t initial </span></div>\n<div class=\"t m0 x7 h4f y804 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>, if any. Subsequen<span class=\"_ _2\"></span>tly, the carrying amo<span class=\"_ _2\"></span>unt of the liabi<span class=\"_ _2\"></span>lity for</div>\n<div class=\"t m0 x7 h4f y805 ff77 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>n<span class=\"wsfa\">g cove<span class=\"_ _2b\"></span>rage is<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">measured as<span class=\"_ _2\"></span></span>\u00a0</span><span class=\"wsf0\">the car<span class=\"_ _0\"></span>rying amo<span class=\"_ _2b\"></span>unt at the start of </span></span></div>\n<div class=\"t m0 x7 h4f y806 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the repo<span class=\"_ _0\"></span>rting p<span class=\"_ _2b\"></span>eriod, plus the p<span class=\"_ _2b\"></span>remiums receiv<span class=\"_ _2b\"></span>ed in the period <span class=\"_ _2b\"></span>minus the</div>\n<div class=\"t m0 x7 h4f y807 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount r<span class=\"_ _2b\"></span>ecognised as <span class=\"_ _0\"></span>insuran<span class=\"_ _0\"></span>ce reve<span class=\"_ _2b\"></span>nue for covera<span class=\"_ _0\"></span>ge provi<span class=\"_ _0\"></span>ded in th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y808 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period, a<span class=\"_ _0\"></span>nd minus any<span class=\"_ _0\"></span>\u00a0investme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mponent<span class=\"_ _0\"></span>\u00a0paid or t<span class=\"lse2 ws103\">ransferred to the </span></div>\n<div class=\"t m0 x7 h4f y809 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liability<span class=\"_ _2\"></span>\u00a0for incurred claims. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80a ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80b ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If at any time<span class=\"_ _2\"></span>\u00a0before and during the coverage per<span class=\"_ _2\"></span>iod, facts and</div>\n<div class=\"t m0 x7 h4f y80c ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">circumstances<span class=\"_ _2\"></span>\u00a0indicate that a group of ins<span class=\"_ _2\"></span>urance contracts is onerous<span class=\"_ _2\"></span>,</div>\n<div class=\"t m0 x7 h4f y80d ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">then Ageas <span class=\"_ _2\"></span>recognises a lo<span class=\"_ _2\"></span>ss in the income<span class=\"_ _2\"></span>\u00a0statement and in<span class=\"_ _2\"></span>creases the<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80e ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y for re<span class=\"_ _0\"></span>maining <span class=\"_ _0\"></span>covera<span class=\"_ _2b\"></span>ge to the extent<span class=\"_ _2b\"></span>\u00a0that the curre<span class=\"_ _0\"></span>nt estim<span class=\"_ _2b\"></span>ates of</div>\n<div class=\"t m0 x7 h4f y80f ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the fulfi<span class=\"_ _2b\"></span>lment cash flo<span class=\"_ _2b\"></span>ws that relate t<span class=\"_ _2b\"></span>o remaining c<span class=\"_ _0\"></span>overag<span class=\"_ _0\"></span>e exceed t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y810 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amoun<span class=\"_ _2\"></span>t of the liability for remaini<span class=\"_ _2\"></span>ng coverage.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90a ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y90b ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The carryin<span class=\"_ _2\"></span>g amount of the<span class=\"_ _2\"></span>\u00a0liability for inc<span class=\"_ _2\"></span>urred<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">claims of a gr<span class=\"_ _2b\"></span>oup of </span></span></div>\n<div class=\"t m0 x7 h4f y90c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts meas<span class=\"_ _0\"></span>ured apply<span class=\"_ _2b\"></span>ing the Premium Al<span class=\"_ _2b\"></span>location</div>\n<div class=\"t m0 x7 h4f y90d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Approac<span class=\"_ _0\"></span>h includ<span class=\"_ _0\"></span>es the amou<span class=\"_ _0\"></span>nt of the risk<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">adjusted<span class=\"_ _2\"></span>\u00a0discounted fulfil<span class=\"_ _2\"></span>ment </span></span></div>\n<div class=\"t m0 x7 h4f y90e ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws, dis<span class=\"_ _0\"></span>counted <span class=\"_ _0\"></span>at curr<span class=\"_ _0\"></span>ent rate<span class=\"_ _2b\"></span>s, relating to t<span class=\"_ _2b\"></span>he incurred c<span class=\"_ _0\"></span>laims</div>\n<div class=\"t m0 x7 h4f y90f ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the e<span class=\"_ _0\"></span>xpenses<span class=\"_ _0\"></span>\u00a0that h<span class=\"_ _0\"></span>ave n<span class=\"wsf0\">ot yet b<span class=\"_ _2b\"></span>een paid.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y910 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y911 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas intend<span class=\"_ _2\"></span>s to apply the <span class=\"lse0 wsf0\">Premium Allocat<span class=\"_ _0\"></span>ion Appro<span class=\"_ _0\"></span>ach<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">for th<span class=\"_ _0\"></span>e largest<span class=\"_ _0\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y912 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">part of the eli<span class=\"_ _2b\"></span>gible groups of cont<span class=\"_ _2b\"></span>racts in its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-<span class=\"lse2 ws103\">li<span class=\"_ _2\"></span>fe and its reinsurance </span></span></div>\n<div class=\"t m0 x7 h4f y913 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business. Ag<span class=\"_ _2\"></span>eas intends to al<span class=\"_ _2\"></span>so apply the<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Pr<span class=\"_ _0\"></span>emium All<span class=\"_ _0\"></span>ocatio<span class=\"_ _0\"></span>n Approac<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y914 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for a limite<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>set of<span class=\"_ _0\"></span>\u00a0eligibl<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s in its <span class=\"ls0 ws0\">L</span>ife busin<span class=\"_ _2b\"></span>ess, for which the</div>\n<div class=\"t m0 x7 h4f y915 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risks can be re<span class=\"_ _2b\"></span>priced on an annua<span class=\"_ _0\"></span>l basis.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y962 ff79 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Variable Fe<span class=\"_ _2\"></span>e Approach<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y963 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>requires<span class=\"_ _0\"></span>\u00a0an ent<span class=\"_ _0\"></span>ity to me<span class=\"_ _2b\"></span>asure groups of<span class=\"_ _0\"></span>\u00a0insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts</div>\n<div class=\"t m0 x7 h4f y964 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">with direct par<span class=\"_ _2\"></span>ticipation features applyi<span class=\"_ _2\"></span>ng the<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">Variable Fe<span class=\"_ _2\"></span>e Approach </span></div>\n<div class=\"t m0 x7 h4f y965 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(inste<span class=\"_ _0\"></span>ad of the G<span class=\"lse2 wsfa\">eneral Measurement<span class=\"_ _2\"></span>\u00a0Model<span class=\"lsf4 ws10c\">). <span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y966 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y967 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"wsfa\">Gener<span class=\"_ _2\"></span>al Measurement Mode<span class=\"_ _2\"></span>l<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">and t<span class=\"_ _2b\"></span>he <span class=\"lse2\">Variab<span class=\"_ _2\"></span>le Fee Approach<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f y968 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">measure t<span class=\"_ _2b\"></span>he fulfilment<span class=\"_ _2b\"></span>\u00a0cash flows in t<span class=\"_ _2b\"></span>he same way. T<span class=\"_ _0\"></span>here is <span class=\"_ _0\"></span>however <span class=\"_ _2b\"></span>a</div>\n<div class=\"t m0 x7 h4f y969 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nce in the m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ent of the <span class=\"lse2 wsfa\">contractual service <span class=\"wsf1\">m<span class=\"_ _2\"></span>argin<span class=\"lsfd ws120\">. On </span></span></span></div>\n<div class=\"t m0 x7 h4f y96a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">initial rec<span class=\"_ _2b\"></span>ognition of a gro<span class=\"_ _0\"></span>up of insura<span class=\"_ _2b\"></span>nce contracts wit<span class=\"_ _0\"></span>h direct</div>\n<div class=\"t m0 x7 h4f y96b ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures, ther<span class=\"_ _0\"></span>e is no dif<span class=\"_ _2b\"></span>ference betw<span class=\"_ _0\"></span>een the <span class=\"_ _0\"></span><span class=\"lse2 wsf1\">contractual<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y96c ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">determined applying<span class=\"_ _2\"></span>\u00a0the General Measurement Model<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf1\">or </span></span></div>\n<div class=\"t m0 x7 h4f y96d ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"wsfa\">Variab<span class=\"_ _2\"></span>le Fee Approach. <span class=\"_ _2\"></span>In subsequent<span class=\"ls0 ws0\">\u00a0</span>repor<span class=\"_ _2\"></span>ting periods, the<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y96e ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contractual<span class=\"_ _2\"></span>\u00a0service margin<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">of a group of i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>h direct </span></div>\n<div class=\"t m0 x7 h4f y96f ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participation<span class=\"_ _2\"></span>\u00a0features, that is measured app<span class=\"_ _2\"></span>lying the Variable Fee</div>\n<div class=\"t m0 x7 h4f y970 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Approach<span class=\"lse0 wsf0\">, is adjusted wit<span class=\"_ _0\"></span>h the chang<span class=\"_ _0\"></span>es in disco<span class=\"_ _0\"></span>unt rates an<span class=\"_ _2b\"></span>d other </span></div>\n<div class=\"t m0 x7 h4f y971 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al vari<span class=\"_ _0\"></span>ables (i<span class=\"_ _0\"></span>n t<span class=\"wsf0\">he G</span><span class=\"lse2\">eneral Measurement M<span class=\"_ _2\"></span>odel<span class=\"ls0 ws0\">\u00a0</span></span>such c<span class=\"_ _0\"></span>hanges</div>\n<div class=\"t m0 x7 h4f y972 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are report<span class=\"_ _0\"></span>ed in the stat<span class=\"_ _2b\"></span>ement of compreh<span class=\"_ _2b\"></span>ensive income).<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y973 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y974 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Variabl<span class=\"_ _2\"></span>e Fee Approach<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">cannot be applied to g<span class=\"_ _2b\"></span>roups of Life </span></span></div>\n<div class=\"t m0 x7 h4f y975 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts wit<span class=\"_ _2b\"></span>h fully discret<span class=\"_ _2b\"></span>ionary profit<span class=\"_ _0\"></span>\u00a0sharin<span class=\"_ _0\"></span>g and to g<span class=\"_ _2b\"></span>roups</div>\n<div class=\"t m0 x7 h4f y976 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of reinsuran<span class=\"_ _2\"></span>ce contracts (bo<span class=\"_ _2\"></span>th reinsurance con<span class=\"_ _2\"></span>tracts held and is<span class=\"_ _2\"></span>sued).<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y977 ff79 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Modification<span class=\"_ _2\"></span>\u00a0and derecognition<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y978 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If the te<span class=\"_ _0\"></span>rms of a<span class=\"_ _0\"></span>n insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>ract are modif<span class=\"_ _0\"></span>ied in a s<span class=\"_ _2b\"></span>ubstantive w<span class=\"_ _0\"></span>ay,</div>\n<div class=\"t m0 x1a h4f y979 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas dere<span class=\"_ _2\"></span>cognise<span class=\"ls0 ws0\">s <span class=\"ls102 ws129\">the ini<span class=\"_ _2\"></span>tial</span>\u00a0</span><span class=\"lse0\">contrac<span class=\"_ _0\"></span>t and rec<span class=\"_ _2b\"></span>ognises the mo<span class=\"_ _2b\"></span>dified </span></div>\n<div class=\"t m0 x1a h4f y97a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span>\u00a0as a new contr<span class=\"_ _0\"></span>act, bas<span class=\"_ _0\"></span>ed<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">on speci<span class=\"_ _2\"></span>fic criteria.</span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y97b ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y97c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 req<span class=\"_ _0\"></span>uires that<span class=\"_ _0\"></span>\u00a0an insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>act is derec<span class=\"_ _2b\"></span>ognised when it is</div>\n<div class=\"t m0 x1a h4f y97d ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">extinguished.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y97e ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Recognit<span class=\"_ _2b\"></span>ion and presentat<span class=\"_ _2b\"></span>ion in the statemen<span class=\"_ _0\"></span>t of financ<span class=\"_ _0\"></span>ial posit<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y97f ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas will<span class=\"_ _2\"></span>\u00a0present separatel<span class=\"_ _2\"></span>y in its <span class=\"lse0 wsef\">consolidat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"wsf0\">st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>\u00a0of financi<span class=\"_ _0\"></span>al </span></span></div>\n<div class=\"t m0 x1a h4f y980 ff77 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">posi<span class=\"_ _2\"></span>ti<span class=\"lse0 wsfa\">on the c<span class=\"_ _2b\"></span>arrying amount<span class=\"_ _0\"></span>\u00a0of port<span class=\"_ _0\"></span>folios<span class=\"_ _2b\"></span>\u00a0of:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y981 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span>\u00a0issued t<span class=\"_ _0\"></span>hat are <span class=\"_ _0\"></span>assets;<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y982 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span>\u00a0issued t<span class=\"_ _0\"></span>hat are <span class=\"_ _0\"></span>liabilit<span class=\"_ _2b\"></span>ies;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y983 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse2 ws103\">R<span class=\"_ _2\"></span>einsurance contracts held<span class=\"_ _2\"></span>\u00a0that are assets; and</span><span class=\"ff77\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y984 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse2 wsf1\">R<span class=\"_ _2\"></span>einsurance</span><span class=\"ff77\">\u00a0<span class=\"lse0 wsfa\">contracts <span class=\"_ _2b\"></span>held that are l<span class=\"_ _0\"></span>iabilit<span class=\"_ _2b\"></span>ies.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 y985 ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Recognit<span class=\"_ _2b\"></span>ion and presentat<span class=\"_ _2b\"></span>ion in the income stat<span class=\"_ _2b\"></span>ement<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y986 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In its conso<span class=\"_ _0\"></span>lidated i<span class=\"_ _2b\"></span>ncome statement<span class=\"_ _0\"></span>, Ageas wi<span class=\"_ _0\"></span>ll present<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce</div>\n<div class=\"t m0 x1a h4f y987 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service <span class=\"_ _0\"></span>result<span class=\"_ _0\"></span>s (compri<span class=\"_ _2b\"></span>sing insuranc<span class=\"_ _0\"></span>e reven<span class=\"_ _0\"></span>ue less i<span class=\"_ _2b\"></span>nsurance serv<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x1a h4f y988 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _2b\"></span>) separately<span class=\"_ _0\"></span>\u00a0from ins<span class=\"_ _2b\"></span><span class=\"wsf0\">urance finance inc<span class=\"_ _2b\"></span>ome and expenses<span class=\"_ _0\"></span>. </span></div>\n<div class=\"t m0 x1a h4f y989 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The present<span class=\"_ _2\"></span>ation of insurance<span class=\"_ _2\"></span>\u00a0revenue and in<span class=\"_ _2\"></span>surance service expen<span class=\"_ _2\"></span>ses</div>\n<div class=\"t m0 x1a h4f y98a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is based on th<span class=\"_ _0\"></span>e concept of<span class=\"_ _0\"></span>\u00a0insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act servic<span class=\"_ _2b\"></span>es provided duri<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y98b ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the repor<span class=\"_ _2\"></span>ting period.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y98c ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y98d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment comp<span class=\"_ _0\"></span>onents, w<span class=\"_ _2b\"></span>hich are amounts th<span class=\"_ _0\"></span>at the policy<span class=\"_ _2b\"></span>h<span class=\"ls102 ws115\">old<span class=\"_ _2\"></span>er will </span></div>\n<div class=\"t m0 x1a h4f y98e ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">always recei<span class=\"_ _2\"></span>ve, regardless o<span class=\"_ _2\"></span>f whether an insured<span class=\"_ _2\"></span>\u00a0event happens, <span class=\"_ _2\"></span>will</div>\n<div class=\"t m0 x1a h4f y98f ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not be pres<span class=\"_ _0\"></span>ented in the<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsef\">co<span class=\"_ _2b\"></span>nsolidated<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">inco<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment but<span class=\"_ _0\"></span>\u00a0will be </span></span></div>\n<div class=\"t m0 x1a h4f y990 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed dir<span class=\"_ _0\"></span>ectly in t<span class=\"_ _2b\"></span>he <span class=\"lse2 wsf1\">consoli<span class=\"_ _2\"></span>dated </span>statem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _2b\"></span>nancial posit<span class=\"_ _0\"></span>ion.</div>\n<div class=\"t m0 x1a h4f y991 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">To deter<span class=\"_ _2b\"></span>mine whether <span class=\"_ _0\"></span>an insu<span class=\"_ _0\"></span>rance con<span class=\"lse2 ws103\">t<span class=\"_ _0\"></span>ract includes an i<span class=\"_ _2\"></span>nvestment </span></div>\n<div class=\"t m0 x1a h4f y992 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">component, Age<span class=\"_ _2\"></span>as assesses at i<span class=\"_ _2\"></span>nception <span class=\"lse0 wsf0\">of the cont<span class=\"_ _0\"></span>ract whet<span class=\"_ _0\"></span>her \u2018a </span></div>\n<div class=\"t m0 x1a h4f y993 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>\u00a0would <span class=\"_ _0\"></span>occur in a<span class=\"_ _0\"></span>ll circ<span class=\"_ _0\"></span>umstanc<span class=\"_ _0\"></span>es\u2019. To i<span class=\"_ _0\"></span>nclude <span class=\"_ _0\"></span>\u2018all</div>\n<div class=\"t m0 x1a h4f y994 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">circumst<span class=\"_ _2b\"></span>ances\u2019 in this<span class=\"_ _2b\"></span>\u00a0assessment, <span class=\"_ _0\"></span>all possi<span class=\"_ _2b\"></span>ble events th<span class=\"_ _0\"></span>at termi<span class=\"_ _0\"></span>nate th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y995 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contract and<span class=\"_ _2\"></span>\u00a0trigger a pos<span class=\"_ _2\"></span>si<span class=\"lse0\">ble <span class=\"_ _2b\"></span>payment to a pol<span class=\"_ _2b\"></span>icyholder are </span></div>\n<div class=\"t m0 x1a h4f y996 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>red. These possib<span class=\"_ _0\"></span>le events a<span class=\"_ _2b\"></span>re contract canc<span class=\"_ _0\"></span>ellatio<span class=\"_ _0\"></span>n by the</div>\n<div class=\"t m0 x1a h4f y997 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy<span class=\"_ _0\"></span>holder, mat<span class=\"_ _2b\"></span>urity and all insu<span class=\"_ _0\"></span>red events<span class=\"_ _0\"></span>\u00a0(e.g. deat<span class=\"_ _0\"></span>h or surviv<span class=\"_ _0\"></span>al).<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y998 ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce financ<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome and exp<span class=\"_ _0\"></span>enses<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y999 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under IF<span class=\"_ _0\"></span>RS 17, t<span class=\"_ _0\"></span>he fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s and <span class=\"lse2 wsf1\">the </span>contra<span class=\"_ _2b\"></span>ctual service</div>\n<div class=\"t m0 x1a h4f y99a ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">margin<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">are reported on a dis<span class=\"_ _0\"></span>counted ba<span class=\"_ _2b\"></span>sis, reflecting t<span class=\"_ _0\"></span>he timing of<span class=\"_ _0\"></span>\u00a0the </span></span></div>\n<div class=\"t m0 x1a h4f y99b ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>. IFRS 17 pe<span class=\"_ _2b\"></span>rmits an entity to pres<span class=\"_ _2b\"></span>ent the effects of ch<span class=\"_ _2b\"></span>anges</div>\n<div class=\"t m0 x1a h4f y99c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in discou<span class=\"_ _0\"></span>nt rates and ot<span class=\"_ _2b\"></span>her financial vari<span class=\"_ _2b\"></span>ables either in the inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x1a h4f y99d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt or partly<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _2b\"></span>ement and part<span class=\"_ _0\"></span>ly in ot<span class=\"_ _0\"></span>her </span></div>\n<div class=\"t m0 x1a h4f y99e ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">comprehensive in<span class=\"_ _2\"></span>come, depending on the entit<span class=\"_ _2\"></span>y\u2019s accounting policy</div>\n<div class=\"t m0 x1a h4f y99f ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">choice. A<span class=\"_ _0\"></span>geas int<span class=\"_ _0\"></span>ends to dis<span class=\"_ _0\"></span>aggregat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>the ef<span class=\"_ _0\"></span>fects of c<span class=\"_ _0\"></span>hanges i<span class=\"_ _0\"></span>n discount<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y9a0 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rates betw<span class=\"_ _2b\"></span>een the income stat<span class=\"_ _2b\"></span>ement and other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x1a h4f y9a1 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">for the l<span class=\"_ _0\"></span>argest p<span class=\"_ _2b\"></span>art of its insur<span class=\"_ _2b\"></span>ance portfoli<span class=\"_ _2b\"></span>os.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 330px; height: 776px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 330px; height: 776px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 330px; height: 776px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under the Ge<span class=\"_ _2\"></span>neral Measurement<span class=\"_ _2\"></span>\u00a0Model, disaggregation<span class=\"_ _2\"></span>\u00a0means</div>\n<div class=\"t m0 x7 h4f y803 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">presenting in<span class=\"_ _2\"></span>\u00a0the income statement an amount de<span class=\"_ _2\"></span>termined by a</div>\n<div class=\"t m0 x7 h4f y804 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">system<span class=\"_ _0\"></span>atic all<span class=\"_ _0\"></span>ocation <span class=\"_ _0\"></span>of the <span class=\"_ _0\"></span>expecte<span class=\"_ _0\"></span>d total f<span class=\"_ _0\"></span>inance i<span class=\"_ _2b\"></span>ncome <span class=\"wsf0\">or expen<span class=\"_ _0\"></span>ses </span></div>\n<div class=\"t m0 x7 h4f y805 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">over the d<span class=\"_ _2\"></span>uration of the gro<span class=\"_ _2\"></span>up of insurance<span class=\"_ _2\"></span>\u00a0contracts. On derecog<span class=\"_ _2\"></span>nition</div>\n<div class=\"t m0 x7 h4f y806 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the g<span class=\"_ _0\"></span>roup, am<span class=\"_ _0\"></span>ounts re<span class=\"_ _2b\"></span>maining in ot<span class=\"_ _0\"></span>her comp<span class=\"_ _0\"></span>rehens<span class=\"_ _0\"></span>ive inco<span class=\"_ _2b\"></span>me are</div>\n<div class=\"t m0 x7 h4f y807 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reclass<span class=\"_ _0\"></span>ified t<span class=\"_ _0\"></span>o the inc<span class=\"_ _2b\"></span>ome statement.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y808 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y809 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under the <span class=\"wsfa\">Variabl<span class=\"_ _2\"></span>e Fee Approach<span class=\"lse0 wsf0\">, only where the enti<span class=\"_ _0\"></span>ty holds the </span></span></div>\n<div class=\"t m0 x7 h4f y80a ff7c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">un<span class=\"lse2 ws103\">derlying items, dis<span class=\"_ _2\"></span>aggregation means presenting<span class=\"_ _2\"></span>\u00a0in the income </span></div>\n<div class=\"t m0 x7 h4f y80b ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt as insuranc<span class=\"_ _0\"></span>e financ<span class=\"_ _2b\"></span>e income or exp<span class=\"_ _0\"></span>enses a<span class=\"_ _0\"></span>n amoun<span class=\"_ _0\"></span>t that</div>\n<div class=\"t m0 x7 h4f y80c ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e accounting mism<span class=\"_ _2b\"></span>atches with the fin<span class=\"_ _2b\"></span>ance income or</div>\n<div class=\"t m0 x7 h4f y80d ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span>\u00a0arisi<span class=\"_ _0\"></span>ng on the <span class=\"_ _0\"></span>underly<span class=\"_ _0\"></span>ing ite<span class=\"_ _0\"></span>ms. On d<span class=\"_ _0\"></span>erecog<span class=\"_ _0\"></span>nition,<span class=\"_ _0\"></span>\u00a0the</div>\n<div class=\"t m0 x7 h4f y80e ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">a<span class=\"lse0 wsf0\">mounts prev<span class=\"_ _0\"></span>iously<span class=\"_ _0\"></span>\u00a0recognis<span class=\"_ _0\"></span>ed in other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _2b\"></span>ive income rem<span class=\"_ _0\"></span>ain </span></div>\n<div class=\"t m0 x7 h4f y80f ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">there.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y885 ff7e fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impact asse<span class=\"_ _2\"></span>ssment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y886 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The estim<span class=\"_ _2b\"></span>ated impact of the ado<span class=\"_ _0\"></span>ption of IF<span class=\"_ _0\"></span>RS 17 by the su<span class=\"_ _0\"></span>bsidiar<span class=\"_ _0\"></span>ies of</div>\n<div class=\"t m0 x7 h4f y8cf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas at th<span class=\"_ _0\"></span>e transi<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. 1 Janua<span class=\"_ _0\"></span>ry 2022) is c<span class=\"_ _0\"></span>larified <span class=\"wsfa\">i<span class=\"_ _2b\"></span>n section </span></div>\n<div class=\"t m0 x7 h4f y8d0 ff7c fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">D. <span class=\"lse2 wsf1\">below.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y889 ff7c fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">D.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1b8\">\u00a0</span><span class=\"lse0 wsf0\">Estimated i<span class=\"_ _0\"></span>mpact of<span class=\"_ _0\"></span>\u00a0the adoption<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 on<span class=\"_ _0\"></span>\u00a01 </span></span></div>\n<div class=\"t m0 x217 h4f y88a ff7c fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9a4 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">All subs<span class=\"_ _0\"></span>idiarie<span class=\"_ _2b\"></span>s of Ageas have m<span class=\"_ _2b\"></span>aterially fin<span class=\"_ _0\"></span>alised t<span class=\"_ _2b\"></span>heir opening <span class=\"_ _0\"></span>balance</div>\n<div class=\"t m0 x7 h4f y9a5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sheet un<span class=\"_ _0\"></span>der IFRS 9 <span class=\"lse2 wsf1\">and<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">IFRS 17 on 1 January 2022<span class=\"_ _2\"></span>\u00a0and perform </span></span></div>\n<div class=\"t m0 x7 h4f y9a6 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">parallel ru<span class=\"_ _2\"></span>ns for the annual<span class=\"_ _2\"></span>\u00a0reporting period 20<span class=\"_ _2\"></span>22<span class=\"ls102 ws115\">. While the<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9a7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impleme<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n preparat<span class=\"_ _0\"></span>ions wit<span class=\"_ _0\"></span>hin the Asi<span class=\"_ _0\"></span>an and Turk<span class=\"_ _0\"></span>ish assoc<span class=\"_ _0\"></span>iates of</div>\n<div class=\"t m0 x7 h4f y9a8 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas st<span class=\"_ _0\"></span>arted l<span class=\"_ _0\"></span>ater (fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g local r<span class=\"_ _0\"></span>egulati<span class=\"_ _2b\"></span>on and guidel<span class=\"_ _0\"></span>ines), t<span class=\"_ _0\"></span>he most</div>\n<div class=\"t m0 x7 h4f y9a9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">signifi<span class=\"_ _0\"></span>cant assoc<span class=\"_ _2b\"></span>iates are progres<span class=\"_ _0\"></span>sing well t<span class=\"_ _0\"></span>o comply wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y9aa ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of 1 Janu<span class=\"_ _0\"></span>ary 2023.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9ab ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9ac ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"lse0 wsfa\">geas gave c<span class=\"_ _2b\"></span>areful conside<span class=\"_ _2b\"></span>ration to the d<span class=\"_ _2b\"></span>isclosure req<span class=\"_ _2b\"></span>uirements in I<span class=\"_ _0\"></span>AS </span></div>\n<div class=\"t m0 x7 h4f y9ad ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">8 \u2018Account<span class=\"_ _0\"></span>ing poli<span class=\"_ _0\"></span>cies, cha<span class=\"_ _2b\"></span>nges in accountin<span class=\"_ _0\"></span>g estimat<span class=\"_ _2b\"></span>es and errors\u2019 (to</div>\n<div class=\"t m0 x7 h4f y9ae ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>e known or reas<span class=\"_ _2b\"></span>onabl<span class=\"ls0 ws0\">y </span>estimable inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n relevant to asses<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y9af ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the poss<span class=\"_ _0\"></span>ible im<span class=\"_ _0\"></span>pact th<span class=\"_ _0\"></span>at the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _0\"></span>ion of <span class=\"wsf0\">a n<span class=\"_ _0\"></span>ew IFRS stan<span class=\"_ _0\"></span>dard will </span></div>\n<div class=\"t m0 x7 h4f y9b0 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have on the ent<span class=\"_ _0\"></span>ity\u2019s fi<span class=\"_ _0\"></span>nancial st<span class=\"_ _2b\"></span>atements in the peri<span class=\"_ _0\"></span>od of initi<span class=\"_ _2b\"></span>al</div>\n<div class=\"t m0 x7 h4f y9b1 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">application)<span class=\"_ _2\"></span>\u00a0and <span class=\"lsfc ws115\">to<span class=\"ls0 ws0\">\u00a0</span></span>the <span class=\"_ _2\"></span>ESMA Public Statemen<span class=\"_ _2\"></span>t on \u2018Transparen<span class=\"_ _2\"></span>cy on</div>\n<div class=\"t m0 x7 h4f y9b2 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">implementation<span class=\"_ _2\"></span>\u00a0of IFRS 17 insurance contracts\u2019<span class=\"_ _2\"></span>, considering the</div>\n<div class=\"t m0 x7 h4f y9b3 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impleme<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n status wit<span class=\"_ _2b\"></span>hin its subsidiari<span class=\"_ _2b\"></span>es and associates<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9b4 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9b5 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The paragraph<span class=\"_ _2\"></span>s below clarify the impact of the<span class=\"_ _2\"></span>\u00a0adoption of IFRS 9 &amp;</div>\n<div class=\"t m0 x7 h4f y9b6 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>by the s<span class=\"_ _0\"></span>ubsidia<span class=\"_ _0\"></span>ries of A<span class=\"_ _2b\"></span>geas at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date (<span class=\"_ _0\"></span>i.e. 1</div>\n<div class=\"t m0 x7 h4f y9b7 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2022)<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9b8 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9b9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Althoug<span class=\"_ _0\"></span>h Ageas ack<span class=\"_ _0\"></span>nowled<span class=\"_ _0\"></span>ges that pr<span class=\"_ _0\"></span>esenti<span class=\"_ _0\"></span>ng quantit<span class=\"_ _2b\"></span>ative informati<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x7 h4f y9ba ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">on its sub<span class=\"_ _2\"></span>sidiaries only pr<span class=\"_ _2\"></span>ovides a partial <span class=\"_ _2\"></span>view of the estima<span class=\"_ _2\"></span>ted</div>\n<div class=\"t m0 x7 h4f y9bb ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated i<span class=\"_ _0\"></span>mpact of <span class=\"_ _0\"></span>adoptin<span class=\"_ _2b\"></span>g IFRS 9 &amp; IFRS <span class=\"_ _0\"></span>17, it c<span class=\"_ _0\"></span>onclude<span class=\"_ _0\"></span>d that</div>\n<div class=\"t m0 x7 h4f y8d4 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span>ing qua<span class=\"_ _0\"></span>ntitati<span class=\"_ _0\"></span>ve infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n on the i<span class=\"_ _0\"></span>mpleme<span class=\"_ _0\"></span>ntation<span class=\"_ _0\"></span>\u00a0of IFRS 9 <span class=\"_ _0\"></span>&amp;</div>\n<div class=\"t m0 x7 h4f y8d5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 by its as<span class=\"_ _0\"></span>sociat<span class=\"_ _0\"></span>es would cu<span class=\"_ _0\"></span>rrently<span class=\"_ _0\"></span>\u00a0not be in line wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x7 h4f y8d6 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ure requi<span class=\"_ _0\"></span>rements i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>IAS 8. A<span class=\"_ _2b\"></span>geas intends to pre<span class=\"_ _0\"></span>sent the im<span class=\"_ _2b\"></span>pact of</div>\n<div class=\"t m0 x7 h4f y8d7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adoptin<span class=\"_ _0\"></span>g IFRS 9 &amp; IFRS 17 at<span class=\"_ _0\"></span>\u00a0the tran<span class=\"_ _0\"></span>sition dat<span class=\"_ _0\"></span>e by both its sub<span class=\"_ _0\"></span>sidiari<span class=\"_ _2b\"></span>es</div>\n<div class=\"t m0 x1a h4f y8d8 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and its ass<span class=\"_ _0\"></span>ociates du<span class=\"_ _0\"></span>ring a sepa<span class=\"_ _0\"></span>rate inves<span class=\"_ _0\"></span>tor relat<span class=\"_ _2b\"></span>ions presentat<span class=\"_ _0\"></span>ion mid<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y8d9 ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2023. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9bc ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9bd ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas does also<span class=\"_ _2\"></span>\u00a0not present estimates of the im<span class=\"_ _2\"></span>pacts on 30 June 2022</div>\n<div class=\"t m0 x1a h4f y9be ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or on 31 Decem<span class=\"_ _2b\"></span>ber 2022, as these est<span class=\"_ _0\"></span>imates ar<span class=\"_ _0\"></span>e currentl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>not y<span class=\"_ _0\"></span>et</div>\n<div class=\"t m0 x1a h4f y9bf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reason<span class=\"_ _0\"></span>ably relia<span class=\"_ _0\"></span>ble or know<span class=\"_ _0\"></span>n. The impac<span class=\"_ _0\"></span>ts on the cons<span class=\"_ _2b\"></span>olidated</div>\n<div class=\"t m0 x1a h4f y9c0 ff7c fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">state<span class=\"lse2 wsfa\">ment of fina<span class=\"_ _2\"></span>ncial position and<span class=\"_ _2\"></span>\u00a0on the consolidat<span class=\"_ _2\"></span>ed income </span></div>\n<div class=\"t m0 x1a h4f y9c1 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt at those dates wil<span class=\"_ _0\"></span>l be presente<span class=\"_ _0\"></span>d in the <span class=\"ls0 ws0\">i</span><span class=\"wsef\">nterim <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial </span></span></span></div>\n<div class=\"t m0 x1a h4f y97e ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsf0\">tatements or t<span class=\"_ _0\"></span>he <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolidat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f</span>inanc<span class=\"_ _2b\"></span>ial <span class=\"ls0 ws0\">s<span class=\"_ _2\"></span></span><span class=\"wsf0\">tate<span class=\"_ _0\"></span>ments of 20<span class=\"_ _2b\"></span>23.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y97f ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y980 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Compared to the am<span class=\"_ _2\"></span>ounts recognised in the con<span class=\"_ _2\"></span>solidated statement of</div>\n<div class=\"t m0 x1a h4f y981 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">financial p<span class=\"_ _2\"></span>osition of Ageas on<span class=\"_ _2\"></span>\u00a01 January 2022 a<span class=\"_ _2\"></span>pplying the standar<span class=\"_ _2\"></span>ds</div>\n<div class=\"t m0 x1a h4f y982 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 39 &amp; IFRS 4,<span class=\"_ _0\"></span>\u00a0the adopt<span class=\"_ _0\"></span>ion of IFRS 9 &amp; IFR<span class=\"_ _2b\"></span>S 17 within the</div>\n<div class=\"t m0 x1a h4f y983 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiaries <span class=\"_ _2\"></span>of Ageas resulted<span class=\"_ _2\"></span>\u00a0in:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y984 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse2 wsf1\">An<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">increas<span class=\"_ _2b\"></span>e in the total assets;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y9c2 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse0 wsf0\">An increase in the tot<span class=\"_ _2b\"></span>al liabilities; an<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9c3 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0decrease</span><span class=\"ff7c\">\u00a0<span class=\"lsfc ws121\">in<span class=\"_ _2\"></span>\u00a0to<span class=\"lse2 ws103\">tal equity.</span></span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9c4 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9c5 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The main <span class=\"_ _0\"></span>impacts<span class=\"_ _0\"></span>\u00a0of the a<span class=\"_ _0\"></span>doption <span class=\"_ _0\"></span>of IFR<span class=\"_ _0\"></span>S 9 &amp; IFRS <span class=\"_ _2b\"></span>17 on the</div>\n<div class=\"t m0 x1a h4f y9c6 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidated s<span class=\"_ _2\"></span>tatement of financial po<span class=\"_ _2\"></span>sition of Ageas on 1 January 2022<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y9c7 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(also ref<span class=\"_ _2b\"></span>erred to as <span class=\"ls0 ws0\">\u2018</span><span class=\"wsf0\">open<span class=\"_ _0\"></span>ing balanc<span class=\"_ _2b\"></span>e sheet<span class=\"ls0 ws0\">\u2019<span class=\"lse2 ws103\">) are fur<span class=\"_ _2\"></span>ther clarified below.</span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y98b ff7e fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>ed impact on assets<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y98c ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The incre<span class=\"lse0 wsf0\">ase in total ass<span class=\"_ _0\"></span>ets mainl<span class=\"_ _0\"></span>y relates<span class=\"_ _0\"></span>\u00a0to the appli<span class=\"_ _0\"></span>cation of the </span></div>\n<div class=\"t m0 x1a h4f y98d ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _2b\"></span>RS 9 on classificati<span class=\"_ _2b\"></span>on &amp; measurement<span class=\"_ _0\"></span>. Compar<span class=\"_ _0\"></span>ed to</div>\n<div class=\"t m0 x1a h4f y98e ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 39, a lar<span class=\"_ _0\"></span>ger part of <span class=\"lse2 wsf1\">Ageas's </span>invest<span class=\"_ _0\"></span>ments in fi<span class=\"_ _0\"></span>nancial i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y98f ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r value u<span class=\"_ _0\"></span>nder IFR<span class=\"_ _2b\"></span>S 9.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y990 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y991 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under IA<span class=\"_ _2b\"></span>S 39, Ageas cla<span class=\"_ _0\"></span>ssified<span class=\"_ _2b\"></span>\u00a0a part of its inv<span class=\"_ _2b\"></span>estments in de<span class=\"_ _0\"></span>bt</div>\n<div class=\"t m0 x1a h4f y992 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span>\u00a0as \u2018held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>maturity\u2019 or \u2018<span class=\"_ _2\"></span>loans and receivables<span class=\"_ _2\"></span>\u2019 and</div>\n<div class=\"t m0 x1a h4f y993 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consequ<span class=\"_ _2b\"></span>ently measured th<span class=\"_ _0\"></span>ose invest<span class=\"_ _2b\"></span>ments at amortise<span class=\"_ _0\"></span>d cost. Foll<span class=\"_ _2b\"></span>owing</div>\n<div class=\"t m0 x1a h4f y994 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the outcome of<span class=\"_ _2\"></span>\u00a0the<span class=\"ls0 ws0\">\u00a0</span>business model asse<span class=\"_ _2\"></span>ssment under IFRS 9, <span class=\"wsf1\">and </span></div>\n<div class=\"t m0 x1a h4f y995 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">because t<span class=\"_ _2b\"></span>hose instrum<span class=\"_ _0\"></span>ents pas<span class=\"_ _0\"></span>s the \u2018<span class=\"_ _0\"></span>solely pa<span class=\"_ _0\"></span>yments <span class=\"_ _2b\"></span>of principal a<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x1a h4f y996 ff7c fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">interest\u2019 test, <span class=\"lse2 wsfa\">a large <span class=\"_ _2\"></span>part of these inv<span class=\"_ _2\"></span>estments <span class=\"ls106 ws124\">is</span></span><span class=\"ls0\">\u00a0<span class=\"lse2 ws103\">measured<span class=\"_ _2\"></span>\u00a0at fair value </span></span></div>\n<div class=\"t m0 x1a h4f y997 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through o<span class=\"_ _2\"></span>ther comprehensive inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\">\u00a0</span>under IFRS 9<span class=\"lse0 wsf0\">. At the transition<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9c8 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date, the c<span class=\"_ _0\"></span>umulativ<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>unr<span class=\"_ _2b\"></span>ealised gain or loss s<span class=\"_ _0\"></span>ince the i<span class=\"_ _0\"></span>nitial rec<span class=\"_ _2b\"></span>ognition</div>\n<div class=\"t m0 x1a h4f y9c9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of thos<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ments <span class=\"lse2 wsfa\">has been<span class=\"ls0 ws0\">\u00a0</span>recognise<span class=\"_ _2\"></span>d in other comprehen<span class=\"_ _2\"></span>sive </span></div>\n<div class=\"t m0 x1a h4f y9ca ff7c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">income.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9cb ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9cc ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A part of <span class=\"lse2 wsf1\">Ageas's </span>investme<span class=\"_ _0\"></span>nts in debt<span class=\"_ _0\"></span>\u00a0instrume<span class=\"_ _0\"></span>nts, mainl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in</div>\n<div class=\"t m0 x1a h4f y9cd ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unquoted inv<span class=\"_ _2\"></span>estment funds or <span class=\"_ _2\"></span><span class=\"ws103\">exchange traded funds, do no<span class=\"_ _2\"></span>t pass the </span></div>\n<div class=\"t m0 x1a h4f y9ce ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">\u2018solely<span class=\"_ _0\"></span>\u00a0payments<span class=\"_ _2b\"></span>\u00a0of principal a<span class=\"_ _2b\"></span>nd interest\u2019 te<span class=\"_ _0\"></span>st unde<span class=\"_ _0\"></span>r IFRS 9.<span class=\"_ _0\"></span>\u00a0At the</div>\n<div class=\"t m0 x1a h4f y9cf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on date, Ageas <span class=\"lse2 wsf1\">has<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"wsfa\">mandat<span class=\"_ _0\"></span>orily rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span><span class=\"lse2 wsf1\">ied<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">and measure</span>d <span class=\"lse0 wsef\">those </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y9d0 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents at fair val<span class=\"_ _2b\"></span>ue through prof<span class=\"_ _2b\"></span>it or loss, whi<span class=\"_ _2b\"></span>le those invest<span class=\"_ _2b\"></span>ments</div>\n<div class=\"t m0 x1a h4f y9d1 ff7c fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">we<span class=\"lse0 wsfa\">re me<span class=\"_ _0\"></span>asured at<span class=\"_ _0\"></span>\u00a0amortis<span class=\"_ _2b\"></span>ed cost or at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh other </span></div>\n<div class=\"t m0 x1a h4f y9d2 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income und<span class=\"_ _0\"></span>er IAS 39.<span class=\"_ _0\"></span>\u00a0Furthermo<span class=\"_ _2b\"></span>re, Ageas designat<span class=\"_ _2b\"></span>ed at</div>\n<div class=\"t m0 x1a h4f y9d3 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the transit<span class=\"_ _2b\"></span>ion date some inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in debt inst<span class=\"_ _2b\"></span>ruments, that cov<span class=\"_ _2b\"></span>er</div>\n<div class=\"t m0 x1a h4f y9d4 ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked cont<span class=\"_ _0\"></span>racts,<span class=\"_ _0\"></span>\u00a0as measu<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh p<span class=\"wsf0\">rofit<span class=\"_ _0\"></span>\u00a0or loss, </span></span></span></div>\n<div class=\"t m0 x1a h4f y9d5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because s<span class=\"_ _0\"></span>uch design<span class=\"_ _2b\"></span>ation reduces mea<span class=\"_ _2b\"></span>surement incons<span class=\"_ _2b\"></span>istencies or</div>\n<div class=\"t m0 x1a h4f y9d6 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mism<span class=\"_ _2b\"></span>atches with t<span class=\"_ _0\"></span>he measu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span>\u00a0the co<span class=\"_ _2b\"></span>rresponding</div>\n<div class=\"t m0 x1a h4f y9d7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce or invest<span class=\"_ _2b\"></span>ment contract lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of the \u2018expected cr<span class=\"_ _0\"></span>e<span class=\"ls106 ws10c\">dit loss\u2019 m<span class=\"_ _0\"></span>odel <span class=\"lse0 wsfa\">in IFR<span class=\"_ _0\"></span>S 9 <span class=\"lse2 wsf1\">resulted<span class=\"lsf4 ws114\">, at </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the tra<span class=\"_ _0\"></span>nsition d<span class=\"_ _2b\"></span>ate, in the rec<span class=\"_ _0\"></span>ognitio<span class=\"_ _2b\"></span>n of a loss allo<span class=\"_ _0\"></span>wance f<span class=\"_ _0\"></span>or expect<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f y804 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit losses on<span class=\"_ _2\"></span>\u00a0<span class=\"wsf1\">Ageas's <span class=\"lse0 wsfa\">investm<span class=\"_ _0\"></span>ents in d<span class=\"_ _0\"></span>ebt inst<span class=\"_ _0\"></span>ruments<span class=\"_ _0\"></span>\u00a0that is </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">marginally h<span class=\"_ _2\"></span>igher<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">than the amou<span class=\"_ _2b\"></span>nt of impairments<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">that Agea<span class=\"_ _2\"></span>s</span>\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised u<span class=\"_ _2\"></span>nder IA<span class=\"ws103\">S 39 for the<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span></span><span class=\"lsfb\">same<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">instrume<span class=\"_ _0\"></span>nts. Th<span class=\"_ _0\"></span>is follow<span class=\"_ _0\"></span>s from t<span class=\"_ _2b\"></span>he </span></span></div>\n<div class=\"t m0 x7 h4f y807 ff81 fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">fact that the majority of <span class=\"lse2 wsf1\">Ageas's <span class=\"lse0 wsf0\">investments i<span class=\"_ _0\"></span>n debt instr<span class=\"_ _0\"></span>uments ar<span class=\"_ _0\"></span>e </span></span></div>\n<div class=\"t m0 x7 h4f y808 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">\u2018invest<span class=\"_ _0\"></span>ment gra<span class=\"_ _0\"></span>de\u2019 (i.e. ha<span class=\"_ _0\"></span>ving a credit<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>risk<span class=\"_ _0\"></span>\u00a0rating of Baa<span class=\"_ _2b\"></span>3 or BBB<span class=\"ls0 ws0\">- <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">or </span></span></div>\n<div class=\"t m0 x7 h4f y809 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">above) an<span class=\"_ _0\"></span>d are conseq<span class=\"_ _2b\"></span>uently not chara<span class=\"_ _0\"></span>cteris<span class=\"_ _0\"></span>ed by a <span class=\"wsfa\">signif<span class=\"_ _0\"></span>icant i<span class=\"_ _0\"></span>ncrease </span></div>\n<div class=\"t m0 x7 h4f y80a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in credit ri<span class=\"_ _0\"></span>sk since the<span class=\"_ _0\"></span>ir initial<span class=\"_ _0\"></span>\u00a0recogni<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. class<span class=\"_ _2b\"></span>ified in Stage 1).</div>\n<div class=\"t m0 x7 h4f y80b ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For those i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nts, Ageas recogn<span class=\"_ _0\"></span>ise<span class=\"ls0 ws0\">s </span><span class=\"wsfa\">a loss al<span class=\"_ _0\"></span>lowance f<span class=\"_ _2b\"></span>or expected </span></div>\n<div class=\"t m0 x7 h4f y80c ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit losses a<span class=\"_ _2\"></span>t an amount equal to 12<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">month expect<span class=\"_ _0\"></span>ed credit los<span class=\"_ _0\"></span>ses.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y80d ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80e ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under IAS 39<span class=\"_ _2\"></span>,<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">Ageas classifie<span class=\"_ _2\"></span>d the largest part of its investme<span class=\"_ _2\"></span>nts in </span></div>\n<div class=\"t m0 x7 h4f y80f ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity ins<span class=\"_ _2b\"></span>truments as \u2018avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">for</span>-<span class=\"lse2 ws103\">sale\u2019 and consequen<span class=\"_ _2\"></span>tly measured </span></span></div>\n<div class=\"t m0 x7 h4f y810 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">those i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throug<span class=\"_ _0\"></span>h other c<span class=\"_ _2b\"></span>omprehensive i<span class=\"_ _0\"></span>ncome.</div>\n<div class=\"t m0 x7 h4f y90a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Adoptin<span class=\"_ _0\"></span>g IFRS 9, Age<span class=\"_ _2b\"></span>as decided to conti<span class=\"_ _2b\"></span>nue to measure the l<span class=\"_ _0\"></span>argest part<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y90b ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of its inv<span class=\"_ _2b\"></span>estments in eq<span class=\"_ _2b\"></span>uity instrume<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh other</div>\n<div class=\"t m0 x7 h4f y90c ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income, by a<span class=\"_ _0\"></span>pplying t<span class=\"_ _0\"></span>he irrevoc<span class=\"_ _2b\"></span>able election in IFR<span class=\"_ _0\"></span>S 9 to</div>\n<div class=\"t m0 x7 h4f y90d ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">present subseque<span class=\"_ _2\"></span>nt change<span class=\"ls0 ws0\">s <span class=\"lse0 wsfa\">in the fair val<span class=\"_ _2b\"></span>ue of those inv<span class=\"_ _0\"></span>estments<span class=\"_ _0\"></span>\u00a0in </span></span></div>\n<div class=\"t m0 x7 h4f y90e ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equity in<span class=\"_ _2\"></span>struments in other<span class=\"_ _2\"></span>\u00a0comprehen<span class=\"lse0 wsf0\">sive incom<span class=\"_ _2b\"></span>e. <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y90f ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y910 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As invest<span class=\"_ _0\"></span>ments in eq<span class=\"_ _0\"></span>uity instr<span class=\"_ _2b\"></span>uments are out of scop<span class=\"_ _0\"></span>e of the \u2018expe<span class=\"_ _2b\"></span>cted</div>\n<div class=\"t m0 x7 h4f y911 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit loss mod<span class=\"_ _2\"></span>el\u2019<span class=\"ls0 ws0\">\u00a0<span class=\"ls105 ws12a\">in IFRS 9<span class=\"_ _2\"></span></span></span>, and the requirements in IFRS<span class=\"_ _2\"></span>\u00a09 are to be</div>\n<div class=\"t m0 x7 h4f y912 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applie<span class=\"_ _0\"></span>d retrosp<span class=\"_ _0\"></span>ectivel<span class=\"_ _2b\"></span>y, the main tra<span class=\"_ _0\"></span>nsitio<span class=\"_ _0\"></span>n impact<span class=\"_ _0\"></span>\u00a0relate<span class=\"_ _0\"></span>s to the</div>\n<div class=\"t m0 x7 h4f y913 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">derecognition<span class=\"_ _2\"></span>\u00a0of the impairments<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">that Ageas recog<span class=\"_ _0\"></span>nised on thos<span class=\"_ _2b\"></span>e </span></span></div>\n<div class=\"t m0 x7 h4f y914 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents under IAS 39. <span class=\"lse2 ws103\">At the transition date, th<span class=\"_ _2\"></span>is had a positive </span></div>\n<div class=\"t m0 x7 h4f y915 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact on tot<span class=\"_ _2b\"></span>al equity<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">(EUR 0.3 bil<span class=\"_ _2\"></span>lion).</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y916 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y917 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under IAS 39, pol<span class=\"_ _2\"></span>icyholder loans were recogn<span class=\"_ _2\"></span>ised as financial assets.<span class=\"_ _2\"></span>\u00a0In</div>\n<div class=\"t m0 x7 h4f y918 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">line with th<span class=\"_ _0\"></span>e requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _0\"></span>RS 17,<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">Ageas included the poli<span class=\"_ _2\"></span>cyholder </span></span></div>\n<div class=\"t m0 x7 h4f y919 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loans in t<span class=\"_ _2b\"></span>he measurem<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>ract liabili<span class=\"_ _0\"></span>ties at t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y91a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on date.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91b ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y91c ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 17 result<span class=\"_ _0\"></span>ed in the dere<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of any am<span class=\"_ _0\"></span>ounts</div>\n<div class=\"t m0 x7 h4f y91d ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that wer<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nised u<span class=\"_ _0\"></span>nder IFR<span class=\"_ _2b\"></span>S 4 for deferre<span class=\"_ _0\"></span>d <span class=\"lse1 ws11d\">acquisition costs (DAC) </span></div>\n<div class=\"t m0 x7 h4f y91e ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and value of<span class=\"_ _0\"></span>\u00a0business<span class=\"_ _0\"></span>\u00a0acquir<span class=\"_ _0\"></span>ed (VOBA<span class=\"_ _0\"></span>):<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91f ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsf0\">The amounts relat<span class=\"_ _2b\"></span>ing to DAC (EUR 0.4 <span class=\"lse2 wsfa\">billion) have be<span class=\"_ _2\"></span>en </span></span></span></div>\n<div class=\"t m0 x43 h4f y920 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised at t<span class=\"_ _2b\"></span>he transitio<span class=\"_ _0\"></span>n date t<span class=\"_ _0\"></span>o IFRS <span class=\"_ _0\"></span>17, reflec<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x43 h4f y921 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing policy<span class=\"_ _0\"></span>\u00a0choice of<span class=\"_ _0\"></span>\u00a0Ageas to ex<span class=\"_ _0\"></span>pense insu<span class=\"_ _2b\"></span>rance acquisiti<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x43 h4f y922 ff81 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">costs a<span class=\"lse0 wsf0\">s incurred i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-</span>life busin<span class=\"_ _2b\"></span>ess measured appl<span class=\"_ _2b\"></span>ying the </span></div>\n<div class=\"t m0 x43 h4f y923 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">P<span class=\"lse2 wsfa\">remium A<span class=\"_ _2\"></span>llocation Approach</span>;<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y924 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsf0\">The amounts relat<span class=\"_ _2b\"></span>ing to VOBA (EUR 0.0 bil<span class=\"_ _2b\"></span>lion) have been </span></span></div>\n<div class=\"t m0 x43 h4f y925 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised bec<span class=\"_ _2b\"></span>ause they are inclu<span class=\"_ _0\"></span>ded in the mea<span class=\"_ _0\"></span>sureme<span class=\"_ _2b\"></span>nt of the<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h4f y926 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontract liabilities <span class=\"_ _2\"></span>under IFRS 17.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y973 ff85 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">E<span class=\"lse0 wsf0\">stimated im<span class=\"_ _0\"></span>pact on liab<span class=\"_ _2b\"></span>ilities<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y974 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 9 did not resu<span class=\"_ _0\"></span>lt in any recl<span class=\"_ _2b\"></span>assification of <span class=\"lse2 wsf1\">Ageas's </span></div>\n<div class=\"t m0 x7 h4f y975 ff81 fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">financial<span class=\"_ _2\"></span>\u00a0liabilities.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y976 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9da ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The increa<span class=\"_ _2b\"></span>se in total liabilit<span class=\"_ _2b\"></span>ies mainly relate<span class=\"_ _0\"></span>s to the reme<span class=\"_ _2b\"></span>asurement of</div>\n<div class=\"t m0 x7 h4f y9db ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts, rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contra<span class=\"_ _0\"></span>cts and inve<span class=\"_ _2b\"></span>stme<span class=\"lse1 ws104\">nt contracts </span></div>\n<div class=\"t m0 x7 h4f y9dc ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with disc<span class=\"_ _0\"></span>retion<span class=\"_ _0\"></span>ary partic<span class=\"_ _0\"></span>ipatio<span class=\"_ _0\"></span>n featur<span class=\"_ _0\"></span>es, applyi<span class=\"_ _0\"></span>ng the curr<span class=\"_ _0\"></span>ent value</div>\n<div class=\"t m0 x7 h4f y9dd ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mode<span class=\"_ _0\"></span>l requirem<span class=\"_ _0\"></span>ents in IFR<span class=\"_ _2b\"></span>S 17.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9de ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9df ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">At the <span class=\"_ _2\"></span>transition date, Agea<span class=\"_ _2\"></span>s identified, rec<span class=\"_ _2\"></span>ognised and measured<span class=\"_ _2\"></span>\u00a0each</div>\n<div class=\"t m0 x7 h4f y9e0 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">group of insuran<span class=\"_ _2\"></span>ce contracts, reinsurance con<span class=\"_ _2\"></span>tracts and inv<span class=\"lse0 wsef\">estment </span></div>\n<div class=\"t m0 x7 h4f y9e1 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h discret<span class=\"_ _0\"></span>ionary p<span class=\"_ _0\"></span>artici<span class=\"_ _0\"></span>pation fe<span class=\"_ _0\"></span>atures ret<span class=\"_ _0\"></span>rospect<span class=\"_ _2b\"></span>ively (also</div>\n<div class=\"t m0 x7 h4f y9e2 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">referre<span class=\"_ _0\"></span>d to as the \u2018ful<span class=\"_ _0\"></span>l retros<span class=\"_ _0\"></span>pective a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h\u2019), as if the r<span class=\"_ _0\"></span>equirem<span class=\"_ _0\"></span>ents of</div>\n<div class=\"t m0 x1a h4f y9e3 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>applied t<span class=\"_ _2b\"></span>o those groups<span class=\"_ _0\"></span>\u00a0of cont<span class=\"_ _0\"></span>racts si<span class=\"_ _2b\"></span>nce their initi<span class=\"_ _2b\"></span>al</div>\n<div class=\"t m0 x1a h4f y9e4 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>. This includes the <span class=\"_ _2\"></span>i<span class=\"ws103\">dentification, measurem<span class=\"_ _2\"></span>ent and </span></div>\n<div class=\"t m0 x1a h4f y9e5 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>\u00a0of any (asset for)<span class=\"_ _2\"></span>\u00a0insurance acquisi<span class=\"_ _2\"></span>tion cash flows.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9e6 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9e7 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In some sit<span class=\"_ _0\"></span>uations<span class=\"_ _0\"></span>, Ageas was<span class=\"_ _0\"></span>\u00a0not able to me<span class=\"_ _0\"></span>asure a gro<span class=\"_ _0\"></span>up of insura<span class=\"_ _2b\"></span>nce</div>\n<div class=\"t m0 x1a h4f y9e8 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s at the transi<span class=\"_ _0\"></span>tion dat<span class=\"_ _2b\"></span>e applying the f<span class=\"_ _2b\"></span>ull retrospect<span class=\"_ _0\"></span>ive app<span class=\"_ _0\"></span>roach.</div>\n<div class=\"t m0 x1a h4f y9e9 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This was the <span class=\"lse0 wsf0\">case whereas:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9ea ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsf0\">inform<span class=\"_ _2b\"></span>ation in the existi<span class=\"_ _0\"></span>ng reporti<span class=\"_ _0\"></span>ng system<span class=\"_ _0\"></span>s of Ageas abo<span class=\"_ _2b\"></span>ut </span></span></span></div>\n<div class=\"t m0 x6c h4f y9eb ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">histori<span class=\"_ _0\"></span>cal cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>\u00a0was base<span class=\"_ _2b\"></span>d on assumptions<span class=\"_ _2b\"></span>\u00a0that were</div>\n<div class=\"t m0 x6c h4f y9ec ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ed using hi<span class=\"_ _0\"></span>ndsight<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9ed ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsfa\">Some reasonab<span class=\"_ _2b\"></span>le and support<span class=\"_ _0\"></span>able inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n about historic<span class=\"_ _2b\"></span>al cash </span></span></div>\n<div class=\"t m0 x6c h4f y9ee ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows was<span class=\"_ _0\"></span>\u00a0not availab<span class=\"_ _2b\"></span>le in <span class=\"lse2 ws103\">the e<span class=\"_ _2\"></span>xisting reporting systems<span class=\"_ _2\"></span>\u00a0of Ageas, </span></div>\n<div class=\"t m0 x6c h4f y9ef ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or only avai<span class=\"_ _0\"></span>lable at<span class=\"_ _0\"></span>\u00a0a higher or at diff<span class=\"_ _2b\"></span>erent levels of agg<span class=\"_ _0\"></span>regati<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x6c h4f y9f0 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">than the re<span class=\"_ _0\"></span>quireme<span class=\"_ _2b\"></span>nt on grouping of cont<span class=\"_ _0\"></span>racts un<span class=\"_ _0\"></span>der IFRS 17;<span class=\"_ _0\"></span>\u00a0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9f1 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsfa\">The informati<span class=\"_ _0\"></span>on in the<span class=\"_ _0\"></span>\u00a0existi<span class=\"_ _0\"></span>ng repo<span class=\"_ _0\"></span>rting syst<span class=\"_ _2b\"></span>ems did not per<span class=\"_ _2b\"></span>mit </span></span></div>\n<div class=\"t m0 x6c h4f y9f2 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas to ap<span class=\"_ _2\"></span>propriate<span class=\"lse0\">ly estimat<span class=\"_ _2b\"></span>e the moveme<span class=\"_ _0\"></span>nt of the <span class=\"lse2 wsf1\">c<span class=\"_ _0\"></span>ontractual </span></span></div>\n<div class=\"t m0 x6c h4f y9f3 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">before t<span class=\"_ _2b\"></span>he transitio<span class=\"_ _0\"></span>n date. T<span class=\"_ _2b\"></span>hese movements<span class=\"_ _0\"></span>\u00a0had a<span class=\"wsef\">n </span></span></div>\n<div class=\"t m0 x6c h4f y9f4 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact on th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>ntractua<span class=\"_ _0\"></span>l service m<span class=\"_ _0\"></span>argin<span class=\"ls0 ws0\">\u00a0<span class=\"lsf4 ws10c\">at </span></span><span class=\"wsef\">the <span class=\"lse2 ws103\">transition date<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9f5 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9f6 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In these ins<span class=\"_ _0\"></span>tances,<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>those g<span class=\"_ _0\"></span>roups of in<span class=\"_ _0\"></span>surance c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s were meas<span class=\"_ _2b\"></span>ured</div>\n<div class=\"t m0 x1a h4f y9f7 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the tr<span class=\"_ _2b\"></span>ansition date <span class=\"lse2\">applying the \u2018modified<span class=\"_ _2\"></span>\u00a0retrospective approach\u2019<span class=\"_ _2\"></span>\u00a0or </span></div>\n<div class=\"t m0 x1a h4f y9f8 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applying the<span class=\"_ _2\"></span>\u00a0\u2018fair value approach\u2019 (see bel<span class=\"_ _2\"></span>ow). The objective of tho<span class=\"_ _2\"></span>se</div>\n<div class=\"t m0 x1a h4f y9f9 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">alternative tran<span class=\"_ _2\"></span>sition measurement approa<span class=\"_ _2\"></span>c<span class=\"lse0 wsfa\">h<span class=\"_ _0\"></span>es is to ac<span class=\"_ _2b\"></span>hieve the clos<span class=\"_ _2b\"></span>est </span></div>\n<div class=\"t m0 x1a h4f y9fa ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outcom<span class=\"_ _0\"></span>e possibl<span class=\"_ _2b\"></span>e to the full r<span class=\"_ _0\"></span>etrospec<span class=\"_ _0\"></span>tive ap<span class=\"_ _2b\"></span>proach, using r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble</div>\n<div class=\"t m0 x1a h4f y9fb ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and suppo<span class=\"_ _0\"></span>rtable inf<span class=\"_ _2b\"></span>ormation that is av<span class=\"_ _0\"></span>ailable<span class=\"_ _0\"></span>\u00a0without un<span class=\"_ _0\"></span>due cost or ef<span class=\"_ _0\"></span>fort</div>\n<div class=\"t m0 x1a h4f y9fc ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the tr<span class=\"_ _2b\"></span>ansition date.<span class=\"_ _0\"></span>\u00a0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9fd ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9fe ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For group<span class=\"_ _0\"></span>s of insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts in its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-<span class=\"ls102 ws129\">life busin<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">ess, Ageas applied<span class=\"_ _2\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9ff ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the full retro<span class=\"_ _2\"></span>spective approach to measure<span class=\"_ _2\"></span>\u00a0the liability for remaining</div>\n<div class=\"t m0 x1a h4f ya00 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coverag<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>thos<span class=\"_ _2b\"></span>e groups of insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>acts. The li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span>\u00a0for</div>\n<div class=\"t m0 x1a h4f ya01 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d claims of t<span class=\"_ _0\"></span>hose grou<span class=\"_ _0\"></span>ps of insur<span class=\"_ _2b\"></span>ance contracts h<span class=\"_ _0\"></span>as been</div>\n<div class=\"t m0 x1a h4f ya02 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measured appl<span class=\"_ _2\"></span>ying the full re<span class=\"_ _2\"></span>trospe<span class=\"lse0\">ctive <span class=\"_ _0\"></span>approa<span class=\"_ _0\"></span>ch for th<span class=\"_ _0\"></span>e most r<span class=\"_ _0\"></span>ecent </span></div>\n<div class=\"t m0 x1a h4f ya03 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">accident years and a<span class=\"_ _2\"></span>pplying the modified re<span class=\"_ _2\"></span>trospective approach for</div>\n<div class=\"t m0 x1a h4f ya04 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">claims pri<span class=\"_ _2\"></span>or to 2016.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya05 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya06 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For group<span class=\"_ _0\"></span>s of insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts in its Lif<span class=\"_ _0\"></span>e busines<span class=\"_ _0\"></span>s, Ageas<span class=\"_ _0\"></span>\u00a0applied th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f ya07 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing transit<span class=\"_ _2b\"></span>ion measurement<span class=\"_ _0\"></span>\u00a0approac<span class=\"_ _0\"></span>hes:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya08 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">Gr<span class=\"_ _2\"></span>oups <span class=\"lsf4 ws114\">of L<span class=\"lse0 wsfa\">ife insura<span class=\"_ _2b\"></span>nce contracts<span class=\"_ _0\"></span>\u00a0that we<span class=\"_ _0\"></span>re issue<span class=\"_ _0\"></span>d in 20<span class=\"_ _0\"></span>18 or lat<span class=\"_ _0\"></span>er </span></span></span></span></div>\n<div class=\"t m0 x6c h4f ya09 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have gene<span class=\"_ _0\"></span>rally bee<span class=\"_ _0\"></span>n measure<span class=\"_ _2b\"></span>d applying the full ret<span class=\"_ _0\"></span>rospec<span class=\"_ _0\"></span>tive</div>\n<div class=\"t m0 x6c h4f ya0a ff81 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">approach;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya0b ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 ws103\">Gr<span class=\"_ _2\"></span>oups of Life insurance con<span class=\"_ _2\"></span>tracts that were issued be<span class=\"_ _2\"></span>fore 2018 </span></span></div>\n<div class=\"t m0 x6c h4f ya0c ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">have been<span class=\"_ _2\"></span>\u00a0measured applying <span class=\"_ _2\"></span>the fair value a<span class=\"_ _2\"></span>pproach; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya0d ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">Gr<span class=\"_ _2\"></span>oups</span><span class=\"ff81\">\u00a0<span class=\"lsf4 ws114\">of L<span class=\"lsfc ws115\">ife<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsfa\">insura<span class=\"_ _2b\"></span>nce contracts<span class=\"_ _0\"></span>\u00a0with di<span class=\"_ _0\"></span>rect pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion feat<span class=\"_ _2b\"></span>ures </span></span></span></span></span></div>\n<div class=\"t m0 x6c h4f ya0e ff81 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">have<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">been measured a<span class=\"_ _2b\"></span>pplying the modif<span class=\"_ _0\"></span>ied retros<span class=\"_ _2b\"></span>pective approa<span class=\"_ _0\"></span>ch.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f ya0f ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya10 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For the g<span class=\"_ _2b\"></span>roups of insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts t<span class=\"_ _0\"></span>hat have <span class=\"_ _2b\"></span>been measure<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x1a h4f ya11 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g the modif<span class=\"_ _0\"></span>ied retro<span class=\"_ _2b\"></span>spective appro<span class=\"_ _0\"></span>ach, Ageas<span class=\"_ _0\"></span>\u00a0estimat<span class=\"_ _0\"></span>ed th<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f ya12 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">future cas<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>flo<span class=\"_ _0\"></span>ws at the dat<span class=\"_ _0\"></span>e of initial r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion of the gr<span class=\"_ _0\"></span>oup of</div>\n<div class=\"t m0 x1a h4f ya13 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts as t<span class=\"_ _2b\"></span>he future cas<span class=\"_ _2b\"></span>h flows at the t<span class=\"_ _0\"></span>ransiti<span class=\"_ _0\"></span>on date,</div>\n<div class=\"t m0 x1a h4f ya14 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed by the actua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>cas<span class=\"_ _0\"></span>h flows that<span class=\"_ _0\"></span>\u00a0have occu<span class=\"_ _0\"></span>rred bet<span class=\"_ _0\"></span>ween the d<span class=\"_ _0\"></span>ate</div>\n<div class=\"t m0 x1a h4f ya15 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of initial reco<span class=\"_ _2\"></span>gnition and the transition d<span class=\"_ _2\"></span>ate<span class=\"lse0 wsf0\">. A simila<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>sim<span class=\"_ _0\"></span>plificat<span class=\"_ _2b\"></span>ion was </span></div>\n<div class=\"t m0 x1a h4f ya16 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applie<span class=\"_ _0\"></span>d to the es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es of th<span class=\"_ _0\"></span>e risk adj<span class=\"_ _2b\"></span>ustment for no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">financial ri<span class=\"_ _2\"></span>sk</span>, </span></div>\n<div class=\"t m0 x1a h4f ya17 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">which hav<span class=\"_ _2b\"></span>e been estimat<span class=\"_ _2b\"></span>ed at the transi<span class=\"_ _2b\"></span>tion date and <span class=\"_ _0\"></span>have bee<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f ya18 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed for the <span class=\"_ _2b\"></span>expected rele<span class=\"_ _0\"></span>ase of r<span class=\"_ _0\"></span>isk bef<span class=\"_ _0\"></span>ore the tr<span class=\"_ _2b\"></span>ansition date.<span class=\"_ _0\"></span>\u00a0In</div>\n<div class=\"t m0 x1a h4f ya19 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _0\"></span>ing the rel<span class=\"_ _0\"></span>ease of risk,<span class=\"_ _0\"></span>\u00a0referen<span class=\"_ _0\"></span>ce was made t<span class=\"_ _0\"></span>o the releas<span class=\"_ _2b\"></span>e of risk</div>\n<div class=\"t m0 x1a h4f ya1a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for simil<span class=\"_ _0\"></span>ar contra<span class=\"_ _0\"></span>cts.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 188px; height: 918px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 188px; height: 918px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 188px; height: 918px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For the g<span class=\"_ _2b\"></span>roups of insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts t<span class=\"_ _0\"></span>hat have <span class=\"_ _2b\"></span>been measure<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y803 ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">applying <span class=\"_ _2\"></span>the fair value a<span class=\"_ _2\"></span>pproach, Ageas deter<span class=\"_ _2\"></span>mined the contractua<span class=\"_ _2\"></span>l</div>\n<div class=\"t m0 x7 h4f y804 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service <span class=\"_ _0\"></span>margin <span class=\"_ _0\"></span>at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date a<span class=\"_ _0\"></span>s the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _0\"></span>n the fa<span class=\"_ _0\"></span>ir</div>\n<div class=\"t m0 x7 h4f y805 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the g<span class=\"_ _2b\"></span>roup of <span class=\"wsef\">insurance <span class=\"wsfa\">co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>\u00a0at that <span class=\"_ _0\"></span>date<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">and the fulfilmen<span class=\"_ _2\"></span>t </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>\u00a0of the same gr<span class=\"_ _2b\"></span>oup measured apply<span class=\"_ _2b\"></span>ing the requirem<span class=\"_ _0\"></span>ents in</div>\n<div class=\"t m0 x7 h4f y807 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 at th<span class=\"_ _0\"></span>at date. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y808 ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y809 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In determ<span class=\"_ _0\"></span>ining the f<span class=\"_ _0\"></span>air value of<span class=\"_ _0\"></span>\u00a0a group of insur<span class=\"_ _0\"></span>ance co<span class=\"_ _0\"></span>ntracts,<span class=\"_ _0\"></span>\u00a0Ageas</div>\n<div class=\"t m0 x7 h4f y80a ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">applied the<span class=\"_ _2\"></span>\u00a0requirements in <span class=\"_ _2\"></span>IFRS 13 \u2018Fair v<span class=\"_ _2\"></span>alue measurement\u2019, w<span class=\"_ _2\"></span>ith the</div>\n<div class=\"t m0 x7 h4f y80b ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">fol<span class=\"lse2 ws103\">lowing consider<span class=\"_ _2\"></span>ations:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y80c ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse2 ws103\">A<span class=\"_ _2\"></span>ssumptions about expected <span class=\"lse0 wsf0\">future cash flow<span class=\"_ _0\"></span>s and risk al<span class=\"_ _0\"></span>lowances<span class=\"_ _0\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x43 h4f y80d ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are adjus<span class=\"_ _0\"></span>ted to t<span class=\"_ _2b\"></span>he view of the m<span class=\"_ _2b\"></span>arket particip<span class=\"_ _0\"></span>ant, in <span class=\"_ _0\"></span>line wit<span class=\"_ _2b\"></span>h the</div>\n<div class=\"t m0 x43 h4f y80e ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _2b\"></span>RS 13;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80f ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsfa\">Discount rates<span class=\"_ _0\"></span>\u00a0used i<span class=\"_ _0\"></span>n measu<span class=\"_ _0\"></span>ring the <span class=\"_ _0\"></span>cash flo<span class=\"_ _2b\"></span>ws assume a ma<span class=\"_ _0\"></span>rket </span></span></div>\n<div class=\"t m0 x43 h4f y810 ff86 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">consistent<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsfa\">remuner<span class=\"_ _2b\"></span>ation for the c<span class=\"_ _0\"></span>ost of c<span class=\"_ _0\"></span>apital a<span class=\"_ _0\"></span>nd are ad<span class=\"_ _2b\"></span>justed to </span></span></div>\n<div class=\"t m0 x43 h4f y90a ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflect t<span class=\"_ _0\"></span>he risk of non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">performa<span class=\"_ _0\"></span>nce by Ageas<span class=\"_ _0\"></span>, as issuer o<span class=\"_ _2b\"></span>f <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x43 h4f y90b ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90c ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsfa\">The cash flows<span class=\"_ _0\"></span>\u00a0are adj<span class=\"_ _0\"></span>usted to <span class=\"_ _0\"></span>reflect<span class=\"_ _0\"></span>\u00a0profit m<span class=\"_ _2b\"></span>argins that a m<span class=\"_ _0\"></span>arket </span></span></div>\n<div class=\"t m0 x43 h4f y90d ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participant wou<span class=\"_ _2\"></span>ld require for<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">acceptin<span class=\"_ _0\"></span>g the obligat<span class=\"_ _2b\"></span>i<span class=\"wsfa\">ons under the </span></span></span></div>\n<div class=\"t m0 x43 h4f y90e ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">group of co<span class=\"_ _0\"></span>ntracts an<span class=\"_ _0\"></span>d include t<span class=\"_ _0\"></span>he non<span class=\"ls0 ws0\">-</span>direct<span class=\"_ _2b\"></span>ly attributable c<span class=\"_ _0\"></span>osts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90f ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y910 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The result<span class=\"_ _0\"></span>s of the calc<span class=\"_ _2b\"></span>ulated fair value<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>have b<span class=\"_ _0\"></span>een compa<span class=\"_ _0\"></span>red agains<span class=\"_ _0\"></span>t</div>\n<div class=\"t m0 x7 h4f y911 ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">commonly u<span class=\"_ _2\"></span>sed market metrics<span class=\"_ _2\"></span>\u00a0to provide addition<span class=\"_ _2\"></span>al comfort.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y912 ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y913 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In determ<span class=\"_ _0\"></span>ining the f<span class=\"_ _0\"></span>ulfilment<span class=\"_ _0\"></span>\u00a0cash flow<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>of a gro<span class=\"_ _2b\"></span>up of insurance contr<span class=\"_ _2b\"></span>acts</div>\n<div class=\"t m0 x7 h4f y914 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that has <span class=\"_ _0\"></span>been me<span class=\"_ _0\"></span>asured <span class=\"_ _0\"></span>at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date a<span class=\"_ _0\"></span>pplyin<span class=\"_ _0\"></span>g the fai<span class=\"_ _0\"></span>r value</div>\n<div class=\"t m0 x7 h4f y915 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">approach, Ageas<span class=\"_ _2\"></span>\u00a0estimated the fulfilmen<span class=\"_ _2\"></span>t cash flows prospectively and<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y916 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed those fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash flow<span class=\"_ _2b\"></span>s using the appl<span class=\"_ _2b\"></span>icable discou<span class=\"_ _2b\"></span>nt</div>\n<div class=\"t m0 x7 h4f y917 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rates at t<span class=\"_ _2b\"></span>he tra<span class=\"lse2\">nsition da<span class=\"_ _2\"></span>te. Furthermore, Age<span class=\"_ _2\"></span>as grouped contrac<span class=\"_ _2\"></span>ts from </span></div>\n<div class=\"t m0 x1a h4f ya1d ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">multip<span class=\"_ _0\"></span>le annual c<span class=\"_ _0\"></span>ohorts int<span class=\"_ _0\"></span>o a single un<span class=\"_ _0\"></span>it of accou<span class=\"_ _0\"></span>nt for meas<span class=\"_ _2b\"></span>ur<span class=\"wsef\">ement<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f ya1e ff86 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">purposes<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span>\u00a0</span><span class=\"ws103\">as its reporting syste<span class=\"_ _2\"></span>ms did not have reasonable and </span></div>\n<div class=\"t m0 x1a h4f ya1f ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">support<span class=\"_ _2b\"></span>able informati<span class=\"_ _2b\"></span>on to provide t<span class=\"_ _2b\"></span>he required inf<span class=\"_ _2b\"></span>ormation by gr<span class=\"_ _0\"></span>ou<span class=\"lse1 wsf0\">ps <span class=\"lsf4 ws10c\">of </span></span></div>\n<div class=\"t m0 x1a h4f ya20 ff86 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">contracts <span class=\"lse2 wsfa\">that includ<span class=\"_ _2\"></span>e only <span class=\"lse0 wsef\">insuranc<span class=\"_ _0\"></span>e <span class=\"wsfa\">contract<span class=\"_ _2b\"></span>s issued withi<span class=\"_ _0\"></span>n one ye<span class=\"_ _0\"></span>ar.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 ya21 ff8a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>ed impact on share<span class=\"_ _0\"></span>holders<span class=\"_ _0\"></span>\u2019 equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya22 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In analysi<span class=\"_ _2b\"></span>ng <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he decrea<span class=\"_ _0\"></span>se in shareh<span class=\"_ _0\"></span>olders<span class=\"_ _0\"></span>\u2019 equity at<span class=\"_ _0\"></span>\u00a0the transiti<span class=\"_ _2b\"></span>on date,</div>\n<div class=\"t m0 x1a h4f ya23 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a disti<span class=\"_ _0\"></span>nction s<span class=\"_ _0\"></span>hould be m<span class=\"_ _2b\"></span>ade between the<span class=\"_ _2b\"></span>\u00a0impact of the <span class=\"wsf0\">a<span class=\"_ _0\"></span>doption of<span class=\"_ _0\"></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya24 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 9 &amp; IFRS 1<span class=\"_ _0\"></span>7 on shareh<span class=\"_ _0\"></span>olders\u2019 e<span class=\"_ _0\"></span>quity exc<span class=\"_ _0\"></span>luding ot<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x1a h4f ya25 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income and o<span class=\"_ _0\"></span>n other com<span class=\"_ _0\"></span>prehens<span class=\"_ _2b\"></span>ive income:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya26 ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsf0\">The adoption of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 by th<span class=\"_ _0\"></span>e subsidia<span class=\"_ _2b\"></span>ries of Ageas </span></span></div>\n<div class=\"t m0 x6c h4f ya27 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in a non<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">significant</span>\u00a0<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">net</span>\u00a0</span><span class=\"wsfa\">decre<span class=\"_ _0\"></span>ase of <span class=\"lse2\">shareholders\u2019 equity </span></span></div>\n<div class=\"t m0 x6c h4f ya28 ff86 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">ex<span class=\"lse2 wsfa\">cluding other <span class=\"_ _2\"></span>comprehensive income<span class=\"_ _2\"></span>. This decrease main<span class=\"_ _2\"></span>ly </span></div>\n<div class=\"t m0 x6c h4f ya29 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">relates to the<span class=\"_ _2\"></span>\u00a0derecognition of any amounts<span class=\"_ _2\"></span>\u00a0that were recognised</div>\n<div class=\"t m0 x6c h4f ya2a ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">under IFR<span class=\"_ _0\"></span>S 4 for deferr<span class=\"_ _2b\"></span>ed acquisition cost<span class=\"_ _0\"></span>s and val<span class=\"_ _0\"></span>ue of busines<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x6c h4f ya2b ff86 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>d, <span class=\"wsf0\">partly co<span class=\"_ _2b\"></span>mpensated by<span class=\"ls0 ws0\">\u00a0</span>the der<span class=\"_ _2b\"></span>ecognition of im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nts </span></div>\n<div class=\"t m0 x6c h4f ya2c ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">tha<span class=\"lse2 wsfa\">t Ageas r<span class=\"_ _2\"></span>ecognised under <span class=\"_ _2\"></span>IAS 39 for its inv<span class=\"_ _2\"></span>estments in equity </span></div>\n<div class=\"t m0 x6c h4f ya2d ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">instruments. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya2e ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsf0\">The adoption of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 by th<span class=\"_ _0\"></span>e subsidia<span class=\"_ _2b\"></span>ries of Ageas </span></span></div>\n<div class=\"t m0 x6c h4f ya2f ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in a materi<span class=\"_ _0\"></span>al net decr<span class=\"_ _0\"></span>ease of othe<span class=\"_ _0\"></span>r compreh<span class=\"_ _0\"></span>ensive inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x6c h4f ya30 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">measured in shar<span class=\"_ _2\"></span>eholders\u2019 equity. This is<span class=\"_ _2\"></span>\u00a0the part o<span class=\"ls0 ws0\">f </span>equity t<span class=\"_ _2\"></span>hat</div>\n<div class=\"t m0 x6c h4f ya31 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">relates<span class=\"_ _0\"></span>\u00a0to unre<span class=\"_ _0\"></span>alised g<span class=\"_ _0\"></span>ains or <span class=\"_ _0\"></span>losses <span class=\"_ _0\"></span>on invest<span class=\"_ _2b\"></span>ments in financ<span class=\"_ _2b\"></span>ial</div>\n<div class=\"t m0 x6c h4f ya32 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents and on<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>(re)i<span class=\"_ _2b\"></span>nsurance<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">contract liabi<span class=\"_ _2\"></span>lities. The decrea<span class=\"_ _2\"></span>se </span></span></div>\n<div class=\"t m0 x6c h4f ya33 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of othe<span class=\"_ _0\"></span>r compre<span class=\"_ _0\"></span>hensive <span class=\"_ _0\"></span>income <span class=\"_ _2b\"></span>mainly relates<span class=\"_ _0\"></span>\u00a0to the</div>\n<div class=\"t m0 x6c h4f ya34 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span>\u00a0(re)ins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontracts at<span class=\"_ _0\"></span>\u00a0the transit<span class=\"_ _2b\"></span>i<span class=\"wsfa\">on date. </span></div>\n<div class=\"t m0 x6c h4f ya35 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The increa<span class=\"_ _2b\"></span>se in other compreh<span class=\"_ _2b\"></span>ensive income ref<span class=\"_ _0\"></span>lects th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x6c h4f ya36 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">remeasurement o<span class=\"_ _2\"></span>f financial instruments at the<span class=\"_ _2\"></span>\u00a0transition date</div>\n<div class=\"t m0 x6c h4f ya37 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing thei<span class=\"_ _0\"></span>r classif<span class=\"_ _0\"></span>ication <span class=\"_ _2b\"></span>under IFRS 9, n<span class=\"_ _0\"></span>et of th<span class=\"_ _0\"></span>e derecog<span class=\"_ _2b\"></span>nition</div>\n<div class=\"t m0 x6c h4f ya38 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of shadow ac<span class=\"_ _2b\"></span>counting unde<span class=\"_ _0\"></span>r IFRS 4.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 645px; height: 461px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 645px; height: 461px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 645px; height: 461px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below inclu<span class=\"_ _0\"></span>des the ma<span class=\"_ _0\"></span>in estimat<span class=\"_ _2b\"></span>ed impacts of the adopt<span class=\"_ _2b\"></span>ion of IFRS 9 &amp; IFRS 17 on 1 Janu<span class=\"_ _2b\"></span>ary 2022 (in rounde<span class=\"_ _0\"></span>d billion<span class=\"_ _0\"></span><span class=\"wsfa\">s of euros<span class=\"_ _2b\"></span>):<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x21b h52 y5ff ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 472px; bottom: 1065px; z-index: 15;\">Balance as at<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x196 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 487px; bottom: 1050px; z-index: 15;\">1 January<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x21f h52 y603 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 494px; bottom: 1035px; z-index: 15;\">2022 as<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 1020px; z-index: 15;\">previously<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 493px; bottom: 1006px; z-index: 15;\">reported<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 1050px; z-index: 15;\">Adjustments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 1035px; z-index: 15;\">due <span class=\"lse7 ws109\">to<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x151 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 550px; bottom: 1020px; z-index: 15;\">adoption of<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y5f4 ff8b fs3c fc1f sc0 lsf0 ws12b\" style=\"left: 566px; bottom: 1006px; z-index: 15;\">IFRS 9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 628px; bottom: 1006px; z-index: 15;\">Transfer<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 680px; bottom: 1050px; z-index: 15;\">Adjustments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff8b fs3c fc1f sc0 lse4 wsf6\" style=\"left: 703px; bottom: 1035px; z-index: 15;\">due to<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 685px; bottom: 1020px; z-index: 15;\">adoption of<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lsf0 ws12b\" style=\"left: 696px; bottom: 1006px; z-index: 15;\">IFRS 17<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19e h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 761px; bottom: 1050px; z-index: 15;\">Restated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x21b h52 y603 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 743px; bottom: 1035px; z-index: 15;\">balance as at<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x196 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 758px; bottom: 1020px; z-index: 15;\">1 January<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1006px; z-index: 15;\">2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 269px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f4 ff8d fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 975px; z-index: 15;\">IFRS4/IAS39 as previously reported<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f4 ff8d fs3c fc1f sc0 lsef ws102\" style=\"left: 269px; bottom: 975px; z-index: 15;\">IFRS 1<span class=\"_ _2\"></span>7/IFRS 9 rest<span class=\"_ _2\"></span>ated <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Cash<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">cash</span>\u00a0</span>equivalents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 960px; z-index: 15;\">Cash<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">cash</span>\u00a0</span>equivalents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 960px; z-index: 15;\">1.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 960px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f2 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f2 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 960px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Financial investments (incl. loans<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 945px; z-index: 15;\">Financial investments (incl. loans<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 945px; z-index: 15;\">74.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 945px; z-index: 15;\">0.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y60e ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 945px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 945px; z-index: 15;\">74.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Investments related to UL contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 931px; z-index: 15;\">UL Financial investments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 931px; z-index: 15;\">18.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 931px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 931px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 931px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 931px; z-index: 15;\">21.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Investment property<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 269px; bottom: 916px; z-index: 15;\">Inv<span class=\"_ _2\"></span>estment <span class=\"_ _2\"></span><span class=\"lse4 wsf4\">property<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 916px; z-index: 15;\">3.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 916px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 916px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 916px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 916px; z-index: 15;\">3.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 901px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y656 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 901px; z-index: 15;\">(1.<span class=\"_ _2\"></span>3)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 901px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 886px; z-index: 15;\">Reinsurance contract assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 716px; bottom: 886px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 886px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 871px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 871px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 871px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Equity<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">accounted investments<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 856px; z-index: 15;\">Equity<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">accounted investments<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 856px; z-index: 15;\">5.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 856px; z-index: 15;\">5.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Property<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0</span>equipment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 842px; z-index: 15;\">Property and<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf4\">equipment<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 842px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 842px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y647 ff8b fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">and</span>\u00a0<span class=\"lse4 wsf4\">other</span>\u00a0<span class=\"lse4 wsf4\">intangible</span>\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y647 ff8b fs3c fc14 sc0 ls109 ws12c\" style=\"left: 269px; bottom: 827px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">and</span>\u00a0<span class=\"lse4 wsf4\">other</span>\u00a0<span class=\"lse4 wsf4\">intangible</span>\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y647 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 827px; z-index: 15;\">1.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y647 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 827px; z-index: 15;\">1.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lsec wsfe\">as<span class=\"_ _2\"></span>sets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 269px; bottom: 812px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lsec wsfe\">as<span class=\"_ _2\"></span>sets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 812px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y603 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 575px; bottom: 812px; z-index: 15;\">(1.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y603 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 812px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 716px; bottom: 812px; z-index: 15;\">2.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 812px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Accrued interests and other a<span class=\"_ _0\"></span>ssets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 797px; z-index: 15;\">Accrued <span class=\"wsf3\">interests and other assets<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 797px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 797px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 797px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y608 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 797px; z-index: 15;\">(0.<span class=\"_ _2\"></span>4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 797px; z-index: 15;\">1.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y603 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h54 y603 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 269px; bottom: 782px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x220 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 782px; z-index: 15;\">111.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 782px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y603 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 782px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 782px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 782px; z-index: 15;\">113.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 752px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Liabilities related to UL con<span class=\"_ _0\"></span>tracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 738px; z-index: 15;\">Investment contract liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 738px; z-index: 15;\">18.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 738px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 738px; z-index: 15;\">3.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5f2 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 738px; z-index: 15;\">(7.<span class=\"_ _2\"></span>7)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 738px; z-index: 15;\">14.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 723px; z-index: 15;\">Life/Non<span class=\"ls0 ws0\">-<span class=\"lsef ws102\">Lif<span class=\"_ _2\"></span>e insuranc<span class=\"_ _2\"></span>e liabilit<span class=\"_ _2\"></span>ies</span>\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 711px; bottom: 723px; z-index: 15;\">80.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 723px; z-index: 15;\">80.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Liabilities from Life/Non<span class=\"ls0 ws0\">-</span>life insurance contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 708px; z-index: 15;\">36.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y5f9 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 642px; bottom: 708px; z-index: 15;\">(3.<span class=\"_ _2\"></span>1)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11c h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 708px; z-index: 15;\">(33.4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 693px; z-index: 15;\">Liabilities from Life investments contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 693px; z-index: 15;\">30.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x11c h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 693px; z-index: 15;\">(30.6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 678px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 678px; z-index: 15;\">3.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 678px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 678px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y5f9 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 678px; z-index: 15;\">(0.<span class=\"_ _2\"></span>1)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 678px; z-index: 15;\">3.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 663px; z-index: 15;\">Provisions<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 663px; z-index: 15;\">Provisions<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 663px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 663px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lse4 wsf4\">liabilities</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 269px; bottom: 648px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lse4 wsf4\">liabilities</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5fc ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 648px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5fc ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 575px; bottom: 648px; z-index: 15;\">(0.<span class=\"_ _2\"></span>6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5fc ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 648px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5fc ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 648px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5fc ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 648px; z-index: 15;\">0.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Subordinated<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 634px; z-index: 15;\">Subordinated<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 634px; z-index: 15;\">2.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 634px; z-index: 15;\">2.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 619px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse6 wsf7\" style=\"left: 269px; bottom: 619px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 619px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 619px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 604px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 604px; z-index: 15;\">2.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 604px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 604px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y601 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 604px; z-index: 15;\">(0.<span class=\"_ _2\"></span>6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 604px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5ff ff8d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 589px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5ff ff8d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 269px; bottom: 589px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 589px; z-index: 15;\">96.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h54 y5ff ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 575px; bottom: 589px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5ff ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 589px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 589px; z-index: 15;\">8.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 589px; z-index: 15;\">104.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Share capital and retained ea<span class=\"_ _0\"></span>rnings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 559px; z-index: 15;\">Share capital and retained ea<span class=\"_ _0\"></span>rnings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 559px; z-index: 15;\">8.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 559px; z-index: 15;\">0.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y603 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 559px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y603 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 559px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 559px; z-index: 15;\">7.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Other comprehensive income<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 544px; z-index: 15;\">Other comprehensive income<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 544px; z-index: 15;\">3.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 544px; z-index: 15;\">1.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y638 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 544px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y638 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 544px; z-index: 15;\">(4.<span class=\"_ _2\"></span>7)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 544px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interest<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x14d h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 530px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interest<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 530px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 530px; z-index: 15;\">0.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y632 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 530px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y632 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 530px; z-index: 15;\">(1.<span class=\"_ _2\"></span>8)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 530px; z-index: 15;\">1.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Total equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc1f sc0 lse8 wsf9\" style=\"left: 269px; bottom: 515px; z-index: 15;\">Total equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 515px; z-index: 15;\">14.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 515px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 515px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h54 y5f2 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 710px; bottom: 515px; z-index: 15;\">(7.<span class=\"_ _2\"></span>0)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 784px; bottom: 515px; z-index: 15;\">9.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x5f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 365px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f9 ff8d fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 485px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span>\u00a0and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f9 ff8d fs3c fc1f sc0 lse7 ws0\" style=\"left: 269px; bottom: 485px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span>\u00a0and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 485px; z-index: 15;\">111.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 485px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5f9 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 485px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 485px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 485px; z-index: 15;\">113.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya62 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya63 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya64 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Lif<span class=\"_ _2b\"></span>e/Non<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">Life ins<span class=\"_ _2\"></span>urance <span class=\"lse0\">liabil<span class=\"_ _0\"></span>ities\u2019 a<span class=\"_ _0\"></span>bove inc<span class=\"_ _2b\"></span>ludes an amount<span class=\"_ _0\"></span>\u00a0of con<span class=\"_ _2b\"></span>tractual servic<span class=\"_ _2b\"></span>e margin of EUR <span class=\"_ _2b\"></span>3 billion.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f ya65 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya66 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya67 ff8b fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">E.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse2 ws103\">Other change<span class=\"_ _2\"></span>s in IFRS standards</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya68 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not expect<span class=\"_ _0\"></span>\u00a0that other f<span class=\"_ _0\"></span>orthcom<span class=\"_ _2b\"></span>ing new or revised IFR<span class=\"_ _2b\"></span>S</div>\n<div class=\"t m0 x7 h4f ya69 ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">standards, in<span class=\"_ _2\"></span>terpretations and amendments<span class=\"_ _2\"></span>\u00a0to IFRS standards and</div>\n<div class=\"t m0 x7 h4f ya6a ff8b fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">interpretation<span class=\"_ _2\"></span>s, that will be<span class=\"_ _2\"></span>come effective for<span class=\"_ _2\"></span>\u00a0annual reporting <span class=\"_ _2\"></span>periods on</div>\n<div class=\"t m0 x7 h4f ya6b ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">1 January 2023 or<span class=\"_ _2\"></span>\u00a0later, will affect the con<span class=\"_ _2\"></span>solidat<span class=\"lse0 wsf0\">ed state<span class=\"_ _0\"></span>ment of </span></div>\n<div class=\"t m0 x7 h4f ya6c ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al posit<span class=\"_ _0\"></span>ion and inc<span class=\"_ _0\"></span>ome statem<span class=\"_ _2b\"></span>ent of Ageas in a signifi<span class=\"_ _0\"></span>cant way.</div>\n<div class=\"t m0 x7 h4f ya6d ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Not all thos<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cha<span class=\"_ _0\"></span>nges have al<span class=\"_ _2b\"></span>ready been endors<span class=\"_ _2b\"></span>ed by the EU. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya6e ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya6f ff8b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Those c<span class=\"_ _0\"></span>hanges <span class=\"_ _0\"></span>relate to:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya70 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 1 \u2018Classi<span class=\"_ _0\"></span>ficati<span class=\"_ _0\"></span>on of liabilit<span class=\"_ _0\"></span>ies as cur<span class=\"_ _0\"></span>rent or non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span></span></span></div>\n<div class=\"t m0 x6c h4f ya71 ff8b fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">current\u2019; <span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya72 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse2 ws103\">A<span class=\"_ _2\"></span>mendments to IAS 1 \u2018Non<span class=\"ls0 ws0\">-</span>cu<span class=\"_ _2\"></span>rrent liabilities with covena<span class=\"_ _2\"></span>nts\u2019;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f ya73 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 1 a<span class=\"_ _0\"></span>nd IFR<span class=\"_ _0\"></span>S practic<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment 2 \u2018D<span class=\"_ _2b\"></span>isclosure of </span></span></div>\n<div class=\"t m0 x6c h4f ya74 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing polic<span class=\"_ _0\"></span>ies\u2019;<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya75 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 8 \u2018<span class=\"_ _0\"></span>Defini<span class=\"lse2\">tion of accounting est<span class=\"_ _2\"></span>imates\u2019;<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f ya76 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 12 \u2018Defe<span class=\"_ _0\"></span>rred tax re<span class=\"_ _0\"></span>lated to ass<span class=\"_ _2b\"></span>ets and liabiliti<span class=\"_ _0\"></span>es </span></span></div>\n<div class=\"t m0 x6c h4f ya77 ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">arising from<span class=\"_ _2\"></span>\u00a0a single transaction\u2019; and <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya78 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse2 ws103\">A<span class=\"_ _2\"></span>mendments to IFRS 16 \u2018Lease li<span class=\"_ _2\"></span>ability in a sale and leaseback<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u2019. </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 238px; height: 868px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 238px; height: 868px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 238px; height: 868px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff92 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">2.3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff92 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Accounting es<span class=\"ls10c ws12f\">timates<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79e ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In preparing<span class=\"_ _2\"></span> these <span class=\"ls0 ws0\">c<span class=\"lse0 wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inanci<span class=\"_ _2\"></span>al </span>s<span class=\"lse2 wsfa\">tatements,<span class=\"_ _2\"></span> Ageas used </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y79f ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n judgement<span class=\"_ _0\"></span>s, estim<span class=\"_ _0\"></span>ates and as<span class=\"_ _0\"></span>sumpti<span class=\"_ _0\"></span>ons, which a<span class=\"_ _2b\"></span>re reflected in</div>\n<div class=\"t m0 x7 h4f y7a0 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the report<span class=\"_ _2b\"></span>ed amounts of assets<span class=\"_ _0\"></span> and liabi<span class=\"_ _0\"></span>lities, rev<span class=\"_ _2b\"></span>enues and expense<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y7a1 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and in the amo<span class=\"_ _2b\"></span>unts reported in th<span class=\"_ _0\"></span>e notes to<span class=\"ls0 ws0\"> </span><span class=\"wsef\">thes<span class=\"_ _0\"></span>e <span class=\"ls0 ws0\">c</span>onsolidate<span class=\"_ _0\"></span>d <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inanc<span class=\"_ _2\"></span>ial </span></span></span></div>\n<div class=\"t m0 x7 h4f ya7f ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsfa\">tatements.<span class=\"_ _0\"></span> The ju<span class=\"_ _0\"></span>dgements<span class=\"_ _0\"></span>, esti<span class=\"_ _0\"></span>mates an<span class=\"_ _0\"></span>d assumpt<span class=\"_ _2b\"></span>ions used are </span></div>\n<div class=\"t m0 x7 h4f ya80 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>experience and on <span class=\"_ _2\"></span>information that i<span class=\"_ _2\"></span>s reasonably avail<span class=\"_ _2\"></span>able at</div>\n<div class=\"t m0 x7 h4f ya81 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the time t<span class=\"_ _2b\"></span>hese <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial<span class=\"_ _2\"></span> </span>s</span><span class=\"wsf0\">tateme<span class=\"_ _0\"></span>nts are prepa<span class=\"_ _2b\"></span>red. Each </span></span></div>\n<div class=\"t m0 x7 h4f ya82 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgem<span class=\"_ _0\"></span>ent, est<span class=\"_ _0\"></span>imate an<span class=\"_ _0\"></span>d <span class=\"wsf0\">assum<span class=\"_ _0\"></span>ption carr<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>by its n<span class=\"_ _0\"></span>ature so<span class=\"_ _0\"></span>me degree of </span></div>\n<div class=\"t m0 x7 h4f ya83 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ainty and a ri<span class=\"_ _2b\"></span>sk of material adju<span class=\"_ _2b\"></span>stment (positiv<span class=\"_ _0\"></span>e or negativ<span class=\"_ _0\"></span>e) to the</div>\n<div class=\"t m0 x7 h4f ya84 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nts of assets and lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span> during fut<span class=\"_ _2b\"></span>ure reporting</div>\n<div class=\"t m0 x1a h4f ya85 ff90 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">period(s). Po<span class=\"_ _2\"></span>tential revisions are recogni<span class=\"_ _2\"></span>sed in the reporting peri<span class=\"lse0 wsf0\">od in </span></div>\n<div class=\"t m0 x1a h4f ya86 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which the j<span class=\"_ _0\"></span>udgeme<span class=\"_ _0\"></span>nt, estim<span class=\"_ _0\"></span>ate or assum<span class=\"_ _0\"></span>ption is rev<span class=\"_ _2b\"></span>ised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya87 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ya88 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas is no<span class=\"_ _2\"></span>t active in U<span class=\"_ _2\"></span>kraine and Russia, <span class=\"_ _2\"></span>but carefully monit<span class=\"_ _2\"></span>ors the</div>\n<div class=\"t m0 x1a h4f ya89 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">evolvi<span class=\"_ _0\"></span>ng geo<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">politi<span class=\"_ _0\"></span>cal tens<span class=\"_ _2b\"></span>ions in those r<span class=\"_ _0\"></span>egions,<span class=\"_ _0\"></span> in part<span class=\"_ _0\"></span>icular w<span class=\"_ _0\"></span>ith </span></div>\n<div class=\"t m0 x1a h4f ya8a ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">regards to<span class=\"_ _2\"></span> indirect macro<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">eco<span class=\"_ _0\"></span>nomic ef<span class=\"_ _0\"></span>fects such as<span class=\"_ _0\"></span> the<span class=\"ls0 ws0\"> </span>future ev<span class=\"_ _2b\"></span>olution </span></span></div>\n<div class=\"t m0 x1a h4f ya8b ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of interest<span class=\"_ _0\"></span> rates and i<span class=\"_ _0\"></span>nflation i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the m<span class=\"_ _0\"></span>arkets in wh<span class=\"_ _2b\"></span>ich Ageas is active.<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ya8c ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas cu<span class=\"_ _2b\"></span>rrently assess<span class=\"_ _2b\"></span>es the direct i<span class=\"_ _0\"></span>mpact to <span class=\"_ _2b\"></span>be immaterial. I<span class=\"_ _0\"></span>f</div>\n<div class=\"t m0 x1a h4f ya8d ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applica<span class=\"_ _0\"></span>ble, esti<span class=\"_ _0\"></span>mates and as<span class=\"_ _0\"></span>sumpt<span class=\"_ _0\"></span>ions have be<span class=\"_ _0\"></span>en revie<span class=\"_ _0\"></span>wed and are</div>\n<div class=\"t m0 x1a h4f ya8e ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflect<span class=\"_ _2b\"></span>ed in the amounts repo<span class=\"_ _2b\"></span>rted in<span class=\"ls0 ws0\"> </span><span class=\"wsef\">these <span class=\"ls0 ws0\">c<span class=\"lse2 wsf1\">onsolidat<span class=\"_ _2\"></span>ed </span>f<span class=\"lse2 wsf1\">inancial </span></span></span></div>\n<div class=\"t m0 x1a h4f ya8f ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsef\">tatements.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ya90 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ya91 ff90 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">The table below inc<span class=\"_ _2b\"></span>ludes the estimation uncertai<span class=\"_ _0\"></span>nty of the key <span class=\"ws130\">judg<span class=\"_ _0\"></span>ements, </span></div>\n<div class=\"t m0 x1a h4f ya92 ff90 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">estimates and as<span class=\"_ _0\"></span>sumptions:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya93 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya94 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya95 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f ya96 ff90 fs3a fc1f sc0 lse1 wsf0\" style=\"z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ya97 ff93 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Financial i<span class=\"_ _2\"></span>nstruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya98 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 2:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya99 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 wsf1\">The <span class=\"ws103\">valuation<span class=\"_ _2\"></span> model</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9a ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Inact<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f ya9b ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 3:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9c ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 ws103\">The valuation model</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9d ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The us<span class=\"_ _0\"></span>e of non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">market o<span class=\"_ _0\"></span>bservab<span class=\"_ _2b\"></span>le input<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x43 h4f ya9e ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Inact<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 ya9f ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment prop<span class=\"_ _0\"></span>erty: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa0 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The determinat<span class=\"_ _0\"></span>ion of the usef<span class=\"_ _2b\"></span>ul life and residua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yaa1 ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Loans: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa2 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">T<span class=\"_ _2\"></span>he valuation model</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaa3 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The use of para<span class=\"_ _0\"></span>meters s<span class=\"_ _2b\"></span>uch as <span class=\"lse2\">credit spread<span class=\"_ _2\"></span>, maturity and<span class=\"_ _2\"></span> interest </span></span></span></div>\n<div class=\"t m0 x43 h4f yaa4 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yaa5 ff93 fs3a fc1f sc0 lsfb wsfa\" style=\"z-index: 15;\">Asso<span class=\"_ _2\"></span>ciates:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Uncertainties<span class=\"_ _0\"></span> dependi<span class=\"_ _0\"></span>ng on the asset<span class=\"_ _0\"></span> mix, oper<span class=\"_ _0\"></span>ations an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>mark<span class=\"_ _2b\"></span>et </span></span></div>\n<div class=\"t m0 x43 h4f yaa7 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa8 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">Ap<span class=\"_ _2\"></span>plication of the requirem<span class=\"_ _2\"></span>ents for hyperinflationar<span class=\"_ _2\"></span>y economies and </span></span></div>\n<div class=\"t m0 x43 h4f yaa9 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment unit<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y7c5 ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span><span class=\"ws103\">i<span class=\"_ _2\"></span>mpairment testing<span class=\"ls0 ws0\">: </span></span></div>\n<div class=\"t m0 x7 h4f y7c6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The valuat<span class=\"lse2 ws103\">ion model</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h4f y7c7 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Financial and eco<span class=\"_ _2b\"></span>nomic variables<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c8 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The discount rat<span class=\"_ _0\"></span>e used<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c9 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">T<span class=\"_ _2\"></span>he inherent risk<span class=\"_ _2\"></span> premium of the en<span class=\"_ _2\"></span>tity</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h55 yaaa ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaab ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The determinat<span class=\"_ _0\"></span>ion of the usef<span class=\"_ _2b\"></span>ul life and residua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yaac ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>tax as<span class=\"_ _0\"></span>sets:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaad ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">Interpretatio<span class=\"_ _2b\"></span>n of tax regulat<span class=\"_ _2b\"></span>ions<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yaae ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">A<span class=\"_ _2\"></span>mount and timing of future tax<span class=\"_ _2\"></span>able income</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yaaf ff90 fs3a fc1f sc0 ls102 ws11d\" style=\"z-index: 15;\">Liabili<span class=\"_ _2\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yab0 ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act liabil<span class=\"_ _0\"></span>ities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yab1 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsef\">Life:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x6c h4f yab2 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 ws103\">The actuarial assump<span class=\"_ _2\"></span>tions used</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x6c h4f yab3 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The yie<span class=\"_ _0\"></span>ld curve us<span class=\"_ _0\"></span>ed in the Liab<span class=\"_ _0\"></span>ility Ade<span class=\"_ _0\"></span>quacy Test<span class=\"_ _0\"></span> (LAT<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">test)</span> </span></span></span></div>\n<div class=\"t m0 x6c h4f yab4 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The rein<span class=\"_ _2b\"></span>vestment prof<span class=\"_ _0\"></span>ile of the inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span> portfoli<span class=\"_ _2b\"></span>o, <span class=\"_ _2\"></span>cre<span class=\"_ _2b\"></span>dit risk </span></span></div>\n<div class=\"t m0 x1e6 h4f yab5 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">spread and<span class=\"_ _2\"></span> <span class=\"lse0\">mat<span class=\"_ _0\"></span>urity, w<span class=\"_ _2b\"></span>hen determinin<span class=\"_ _2b\"></span>g the shadow L<span class=\"_ _0\"></span>AT </span></div>\n<div class=\"t m0 x1e6 h4f yab6 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yab7 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsf1\">N<span class=\"_ _2\"></span>on</span><span class=\"ff90\">-<span class=\"ls102 ws11d\">life:</span> </span></span></div>\n<div class=\"t m0 x6c h4f yab8 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsfa\">The ex<span class=\"_ _2b\"></span>pected ultimate<span class=\"_ _2b\"></span> cost of claims <span class=\"_ _2b\"></span>reported at th<span class=\"_ _0\"></span>e reporti<span class=\"_ _2b\"></span>ng </span></span></div>\n<div class=\"t m0 x1e6 h4f yab9 ff90 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yaba ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The ex<span class=\"_ _0\"></span>pected ult<span class=\"_ _0\"></span>imate cost<span class=\"_ _0\"></span> of claims i<span class=\"_ _0\"></span>ncurred b<span class=\"_ _0\"></span>ut not yet </span></span></div>\n<div class=\"t m0 x1e6 h4f yabb ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reporte<span class=\"_ _0\"></span>d at the report<span class=\"_ _2b\"></span>ing date<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yabc ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Claim<span class=\"_ _0\"></span> adjustm<span class=\"_ _0\"></span>ent expens<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 yabd ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Pension obl<span class=\"_ _2\"></span>igations:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yabe ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">T<span class=\"_ _2\"></span>he actuarial assumptions used</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yabf ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The discount rat<span class=\"_ _0\"></span>e used<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yac0 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Inflation and sal<span class=\"_ _2b\"></span>ary evolutions<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 yac1 ff93 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yac2 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The likelihoo<span class=\"_ _0\"></span>d of a pres<span class=\"_ _2b\"></span>ent obligatio<span class=\"_ _0\"></span>n due to <span class=\"_ _0\"></span>events i<span class=\"_ _0\"></span>n the pas<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yac3 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The calculati<span class=\"_ _0\"></span>on <span class=\"wsef\">of<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">the best es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ed amount<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h55 yac4 ff93 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax liabilit<span class=\"_ _0\"></span>ies:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yac5 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsef\">Interpret<span class=\"lse2 ws103\">ation of tax regulations</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yac6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90\">A<span class=\"_ _2\"></span><span class=\"lse2 ws103\">mount and timing of future<span class=\"_ _2\"></span> taxable income</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 378px; height: 404px; width: 352px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 378px; height: 404px; width: 326px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 236px; height: 577px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yac7 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yac8 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yac9 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The notes<span class=\"_ _0\"></span> to th<span class=\"_ _0\"></span>ese <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolid<span class=\"_ _2b\"></span>ated <span class=\"ls0 ws0\">f<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">inancial </span>s<span class=\"_ _2\"></span></span><span class=\"wsf0\">tat<span class=\"_ _2b\"></span>ements provide a det<span class=\"_ _2b\"></span>ailed descript<span class=\"_ _0\"></span>ion on the app<span class=\"_ _0\"></span>licati<span class=\"_ _0\"></span>on of these es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es and assum<span class=\"_ _2b\"></span>ptions and their eff<span class=\"_ _2b\"></span>ect </span></span></div>\n<div class=\"t m0 x7 h4f yaca ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the repo<span class=\"_ _0\"></span>rted figur<span class=\"_ _0\"></span>es. Note <span class=\"ls0 ws0\">4 <span class=\"lse2 wsfa\">\u2018Risk Managem<span class=\"_ _2\"></span>ent\u2019 of these <span class=\"_ _2\"></span></span>c</span><span class=\"wsef\">onsol<span class=\"_ _0\"></span>idated <span class=\"ls0 ws0\">f</span>inanc<span class=\"_ _2b\"></span>ial <span class=\"_ _2\"></span><span class=\"ls0 ws0\">s</span><span class=\"wsfa\">tate<span class=\"_ _0\"></span>ments de<span class=\"_ _0\"></span>scribes<span class=\"_ _0\"></span> the way<span class=\"_ _2b\"></span> Ageas mitigat<span class=\"_ _0\"></span>es the v<span class=\"_ _0\"></span>arious r<span class=\"_ _0\"></span>isks<span class=\"ls0 ws0\"> </span>of the </span></span></div>\n<div class=\"t m0 x7 h4f yacb ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance op<span class=\"_ _2\"></span>erations.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 157px; height: 949px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 157px; height: 949px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 157px; height: 949px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag506": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff5a fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h6a y79d ff5a fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Chang<span class=\"_ _2\"></span>es in <span class=\"_ _2\"></span>accounti<span class=\"_ _2\"></span>ng polici<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y79e ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas applied<span class=\"_ _2\"></span>\u00a0as from 1 Ja<span class=\"_ _2\"></span>nuary 2022 the re<span class=\"_ _2\"></span>quirements in IAS<span class=\"_ _2\"></span>\u00a029</div>\n<div class=\"t m0 x7 h4f y79f ff58 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">\u2018Fina<span class=\"lse2 ws103\">ncial<span class=\"_ _2\"></span>\u00a0reporting in hyperinflat<span class=\"_ _2\"></span>ionary economies\u2019 to the fina<span class=\"_ _2\"></span>ncial </span></div>\n<div class=\"t m0 x7 h4f y7a0 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nts of its Turkish ass<span class=\"_ _0\"></span>ociates<span class=\"_ _0\"></span>\u00a0\u2018Aksigo<span class=\"_ _0\"></span>rta\u2019 and \u2018A<span class=\"_ _0\"></span>geSA\u2019. Fu<span class=\"_ _2b\"></span>rther</div>\n<div class=\"t m0 x7 h4f y7a1 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">informat<span class=\"_ _2b\"></span>ion in this respec<span class=\"_ _0\"></span>t is includ<span class=\"_ _0\"></span>ed in sectio<span class=\"_ _0\"></span>n 2.7 below<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7a2 ff58 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.2.1<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1ef\">\u00a0</span><span class=\"lse2 wsf1\">Curr<span class=\"_ _2\"></span>ent</span>-<span class=\"lse2 ws103\">year changes in<span class=\"_ _2\"></span>\u00a0IFRS standards</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7a3 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">New or <span class=\"wsfa\">revised <span class=\"_ _2\"></span>IFRS standards, i<span class=\"_ _2\"></span>nterpretations, and<span class=\"_ _2\"></span>\u00a0amendments to </span></div>\n<div class=\"t m0 x7 h4f y7a4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS st<span class=\"_ _0\"></span>andards<span class=\"_ _0\"></span>\u00a0and int<span class=\"_ _0\"></span>erpretat<span class=\"_ _2b\"></span>ions, that bec<span class=\"_ _2b\"></span>ame effecti<span class=\"_ _0\"></span>ve for an<span class=\"_ _0\"></span>nual</div>\n<div class=\"t m0 x7 h4f y7a5 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting period<span class=\"_ _2\"></span>s starting on 1 January 2022<span class=\"_ _2\"></span>, and that have been</div>\n<div class=\"t m0 x7 h4f y7a6 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">endorsed by the<span class=\"_ _2\"></span>\u00a0EU, did not have a significant impac<span class=\"_ _2\"></span>t to the ac<span class=\"wsf1\">counting </span></div>\n<div class=\"t m0 x7 h4f y7a7 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span>\u00a0applied by<span class=\"_ _0\"></span>\u00a0Ageas and<span class=\"_ _0\"></span>\u00a0to its consol<span class=\"_ _0\"></span>idated st<span class=\"_ _2b\"></span>atement of financ<span class=\"_ _0\"></span>ial</div>\n<div class=\"t m0 x7 h4f y7a8 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n and its inc<span class=\"_ _0\"></span>ome statem<span class=\"_ _2b\"></span>ent during 2022.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7a9 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7aa ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As a direct c<span class=\"_ _0\"></span>onseque<span class=\"_ _0\"></span>nce of the Cov<span class=\"_ _0\"></span>id pandem<span class=\"_ _2b\"></span>ic, the IASB issued in M<span class=\"_ _0\"></span>ay</div>\n<div class=\"t m0 x7 h4f y7ab ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2020 ame<span class=\"_ _0\"></span>ndments t<span class=\"_ _0\"></span>o IFRS 16 \u2018Cov<span class=\"_ _2b\"></span>id<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">19 related rent<span class=\"_ _0\"></span>\u00a0conces<span class=\"_ _0\"></span><span class=\"lse2\">sions\u2019. The </span></span></div>\n<div class=\"t m0 x7 h4f y7ac ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents prov<span class=\"_ _2b\"></span>ide a practic<span class=\"_ _0\"></span>al expe<span class=\"_ _0\"></span>dient not<span class=\"_ _0\"></span>\u00a0to ass<span class=\"_ _0\"></span>ess whet<span class=\"_ _0\"></span>her Covi<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y7ad ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">19 relate<span class=\"_ _0\"></span>d rent con<span class=\"_ _0\"></span>cession<span class=\"_ _0\"></span>s, that red<span class=\"_ _0\"></span>uce lease pa<span class=\"_ _0\"></span>yments<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>due on or</div>\n<div class=\"t m0 x7 h4f y7ae ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">before 3<span class=\"_ _0\"></span>0 June 2<span class=\"_ _0\"></span>021, ar<span class=\"_ _0\"></span>e a lease <span class=\"_ _0\"></span>modifi<span class=\"_ _0\"></span>cation.<span class=\"_ _0\"></span>\u00a0In Marc<span class=\"_ _2b\"></span>h 2021, the IA<span class=\"_ _0\"></span>SB</div>\n<div class=\"t m0 x7 h4f y7af ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">prolon<span class=\"_ _0\"></span>ged the prac<span class=\"_ _0\"></span>tical expe<span class=\"_ _2b\"></span>dient incl<span class=\"wsfa\">uded i<span class=\"_ _0\"></span>n thes<span class=\"_ _0\"></span>e amendm<span class=\"_ _2b\"></span>ents to </span></div>\n<div class=\"t m0 x7 h4f y7b0 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease paym<span class=\"_ _2b\"></span>ents due on or before 3<span class=\"_ _0\"></span>0 June 2022. B<span class=\"_ _0\"></span>ecause Ag<span class=\"_ _2b\"></span>eas did not</div>\n<div class=\"t m0 x7 h4f y7b1 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefit from Co<span class=\"_ _2\"></span>vid<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">19 relat<span class=\"_ _2b\"></span>ed rent conc<span class=\"_ _0\"></span>essions<span class=\"_ _0\"></span>, that wo<span class=\"_ _2b\"></span>uld result in <span class=\"_ _0\"></span>a </span></span></div>\n<div class=\"t m0 x7 h4f y7b2 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease modifi<span class=\"_ _2\"></span>cation, the amendments had no impa<span class=\"_ _2\"></span>ct on the present</div>\n<div class=\"t m0 x7 h4f y7b3 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated st<span class=\"_ _0\"></span>atement of<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">financial position and in<span class=\"_ _2\"></span>come statement of </span></span></div>\n<div class=\"t m0 x7 h4f y7b4 ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7b5 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7b6 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">To meet reg<span class=\"_ _0\"></span>ulatory<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>and mark<span class=\"_ _2b\"></span>et requirement<span class=\"_ _0\"></span>s, the inter<span class=\"_ _2b\"></span>est rate</div>\n<div class=\"t m0 x7 h4f y7b7 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">benchma<span class=\"_ _0\"></span>rks that a<span class=\"_ _0\"></span>re used as ref<span class=\"_ _0\"></span>erence rat<span class=\"_ _2b\"></span>es in the financial ma<span class=\"_ _2b\"></span>rket to</div>\n<div class=\"t m0 x7 h4f y7b8 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ne interest rates an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>pay<span class=\"_ _0\"></span>ment oblig<span class=\"_ _0\"></span>ations, a<span class=\"_ _2b\"></span>re undergoing in<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y7b9 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">depth ref<span class=\"_ _0\"></span>orms and tra<span class=\"_ _2b\"></span>nsitions. As a resul<span class=\"_ _0\"></span>t of this ref<span class=\"_ _0\"></span>o<span class=\"ls104 ws116\">rm, some </span></div>\n<div class=\"t m0 x7 h4f y7ba ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">benchma<span class=\"_ _0\"></span>rks such as<span class=\"_ _0\"></span>\u00a0Eonia and Li<span class=\"_ _2b\"></span>bor are to be disconti<span class=\"_ _0\"></span>nued and</div>\n<div class=\"t m0 x7 h4f y7bb ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">replaced b<span class=\"_ _2\"></span>y new interest ra<span class=\"_ _2\"></span>te benchmarks.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7bc ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7bd ff58 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">These<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0c<span class=\"lse2 wsf1\">onsolidated <span class=\"_ _2\"></span></span>f<span class=\"lse2 wsf1\">inancial </span>s<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">tate<span class=\"_ _0\"></span>ments on 3<span class=\"_ _0\"></span>1 December 2<span class=\"_ _0\"></span>022 inclu<span class=\"_ _0\"></span>de </span></span></div>\n<div class=\"t m0 x7 h4f y7be ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a notion<span class=\"_ _0\"></span>al amou<span class=\"_ _0\"></span>nt of he<span class=\"_ _0\"></span>dging re<span class=\"_ _0\"></span>lations<span class=\"_ _0\"></span>hips link<span class=\"_ _2b\"></span>ed to the EURI<span class=\"_ _0\"></span>BOR for</div>\n<div class=\"t m0 x7 h4f y7bf ff58 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR <span class=\"ls0 ws0\">6<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">32 <span class=\"lse0 wsf0\">million a<span class=\"_ _0\"></span>nd a princip<span class=\"_ _2b\"></span>al amount of subord<span class=\"_ _2b\"></span>inated liabiliti<span class=\"_ _2b\"></span>es with a </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c0 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">floatin<span class=\"_ _0\"></span>g coupo<span class=\"_ _0\"></span>n rate li<span class=\"_ _0\"></span>nked to t<span class=\"_ _0\"></span>he EURI<span class=\"_ _0\"></span>BOR for <span class=\"_ _0\"></span>EUR <span class=\"lse2 wsf1\">210<span class=\"ls0 ws0\">\u00a0<span class=\"ls102 ws11d\">million.</span>\u00a0<span class=\"_ _2\"></span><span class=\"ls105 ws120\">The </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c1 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EURIB<span class=\"_ _0\"></span>OR has been suc<span class=\"_ _0\"></span>cessfu<span class=\"_ _0\"></span>lly refo<span class=\"_ _0\"></span>rmed to a hyb<span class=\"_ _0\"></span>rid method<span class=\"_ _0\"></span>ology in</div>\n<div class=\"t m0 x7 h4f y7c2 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2019 and is ex<span class=\"_ _2b\"></span>pected to remain in<span class=\"_ _0\"></span>\u00a0place for th<span class=\"_ _0\"></span>e fores<span class=\"wsfa\">e<span class=\"_ _0\"></span>eable f<span class=\"_ _0\"></span>uture. </span></div>\n<div class=\"t m0 x7 h4f y7c3 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Therefo<span class=\"_ _2b\"></span>re, the two ame<span class=\"_ _0\"></span>ndments<span class=\"_ _0\"></span>\u00a0to IFRS <span class=\"_ _0\"></span>9, IAS <span class=\"_ _0\"></span>39, IFRS <span class=\"_ _0\"></span>7, IFRS 4 <span class=\"_ _2b\"></span>and</div>\n<div class=\"t m0 x7 h4f y7c4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 16 <span class=\"_ _0\"></span>\u2018Interes<span class=\"_ _0\"></span>t Rate B<span class=\"_ _0\"></span>enchma<span class=\"_ _0\"></span>rk Refor<span class=\"_ _0\"></span>m\u2019 issu<span class=\"_ _0\"></span>ed by the <span class=\"_ _2b\"></span>IASB in</div>\n<div class=\"t m0 x7 h4f y7c5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Septemb<span class=\"_ _2b\"></span>er 2019 and in August 2<span class=\"_ _0\"></span>020 had no impac<span class=\"_ _0\"></span>t on the pres<span class=\"_ _2b\"></span>ent</div>\n<div class=\"t m0 x7 h4f y7c6 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidated s<span class=\"_ _2\"></span>tatement of financial po<span class=\"_ _2\"></span>sition an<span class=\"lse0 wsfa\">d inco<span class=\"_ _0\"></span>me statem<span class=\"_ _2b\"></span>ent of </span></div>\n<div class=\"t m0 x7 h4f y7c7 ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y7c8 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y7c9 ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas continue<span class=\"_ _2\"></span>s to monitor the developments<span class=\"_ _2\"></span>\u00a0regarding the interest ra<span class=\"_ _2\"></span>te</div>\n<div class=\"t m0 x7 h4f y7ca ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">benchmark re<span class=\"_ _2\"></span>form<span class=\"lsfc ws121\">. B<span class=\"lse0 wsf0\">ecause th<span class=\"_ _2b\"></span>e EURIBOR may be disc<span class=\"_ _2b\"></span>ontinued one </span></span></div>\n<div class=\"t m0 x7 h4f y7cb ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">day, claus<span class=\"_ _2b\"></span>es are introduce<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>in new<span class=\"_ _0\"></span>\u00a0contract<span class=\"_ _0\"></span>s to ensure t<span class=\"_ _0\"></span>he continu<span class=\"_ _2b\"></span>ity of</div>\n<div class=\"t m0 x7 h4f y7cc ff58 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">those contracts in <span class=\"lse2 ws103\">case of dis<span class=\"_ _2\"></span>continuation of the EURIBOR.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y7cd ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7ce ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on to the ame<span class=\"_ _0\"></span>ndments<span class=\"_ _0\"></span>\u00a0above, fol<span class=\"_ _0\"></span>lowing n<span class=\"_ _0\"></span>ew or revise<span class=\"_ _0\"></span>d IFRS</div>\n<div class=\"t m0 x1a h4f y7cf ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">standards, <span class=\"_ _2\"></span>interpretations, and<span class=\"_ _2\"></span>\u00a0amendments became ef<span class=\"_ _2\"></span>fective for annual<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y7d0 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>ods start<span class=\"_ _2b\"></span>ing on 1 Janua<span class=\"_ _0\"></span>ry 2022 <span class=\"_ _0\"></span>or later.<span class=\"_ _0\"></span>\u00a0None of<span class=\"_ _0\"></span>\u00a0those</div>\n<div class=\"t m0 x1a h4f y7d1 ff58 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>en<span class=\"wsf0\">ts had a<span class=\"_ _0\"></span>\u00a0significa<span class=\"_ _0\"></span>nt impact on t<span class=\"_ _0\"></span>he prese<span class=\"_ _0\"></span>nt consol<span class=\"_ _0\"></span>idated </span></div>\n<div class=\"t m0 x1a h4f y7d2 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition and i<span class=\"_ _0\"></span>ncome stat<span class=\"_ _2b\"></span>ement of Ageas:<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d3 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 16 \u2018Prop<span class=\"_ _0\"></span>erty, pla<span class=\"_ _2b\"></span>nt and equipment <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsf1\">proceeds </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y7d4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">before i<span class=\"_ _0\"></span>ntende<span class=\"_ _2b\"></span>d use\u2019;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d5 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 37 <span class=\"_ _0\"></span>\u2018Onerou<span class=\"_ _2b\"></span>s contracts <span class=\"ls0 ws0\">\u2013 <span class=\"lsf4 ws114\">cost of fu<span class=\"ls106 ws10c\">lfilling a </span></span></span></span></span></div>\n<div class=\"t m0 x6c h4f y7d6 ff58 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">contract\u2019;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d7 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IFRS 3 <span class=\"_ _0\"></span>\u2018Refere<span class=\"_ _0\"></span>nces to t<span class=\"_ _2b\"></span>he Conceptual F<span class=\"_ _2b\"></span>ramework\u2019; </span></span></div>\n<div class=\"t m0 x6c h4f y7d8 ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7d9 ff5b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff5c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff58 lse2 ws103\">An<span class=\"_ _2\"></span>nual improvements to IFRS sta<span class=\"_ _2\"></span>ndards (2018</span><span class=\"ff58\">-<span class=\"lse2 ws103\">2020 cycl<span class=\"_ _2\"></span>e): </span></span></span></div>\n<div class=\"t m0 x6c h4f y7da ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to IFRS 1 \u2018<span class=\"_ _0\"></span>First<span class=\"ls0 ws0\">-</span>time ad<span class=\"_ _2b\"></span>option of IFRS stand<span class=\"_ _0\"></span>ards\u2019<span class=\"lsf4 ws10c\">, </span></div>\n<div class=\"t m0 x6c h4f y7db ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to IFRS 9 \u2018<span class=\"_ _0\"></span>Financ<span class=\"_ _0\"></span>ial instru<span class=\"_ _0\"></span>ments\u2019, a<span class=\"_ _2b\"></span>m<span class=\"lse2 ws103\">end<span class=\"_ _2\"></span>ments to </span></div>\n<div class=\"t m0 x6c h4f y7dc ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">illustrativ<span class=\"_ _2\"></span>e examples accompanying IFRS 16 \u2018Lea<span class=\"_ _2\"></span>ses\u2019 and</div>\n<div class=\"t m0 x6c h4f y7dd ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to IAS 41 \u2018<span class=\"_ _0\"></span>Agricult<span class=\"_ _2b\"></span>ure\u2019.<span class=\"ls0 ws0\">\u00a0</span></div>\n\n<div class=\"t m0 x1a h4f y7de ff58 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.2.2<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1ef\">\u00a0</span><span class=\"lse2 ws103\">Up<span class=\"_ _2\"></span>coming changes in IFRS <span class=\"wsf1\">Standards</span></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7df ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The follo<span class=\"_ _0\"></span>wing new or r<span class=\"_ _0\"></span>evised IFR<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>stan<span class=\"_ _2b\"></span>dards, interpret<span class=\"_ _2b\"></span>ations, and</div>\n<div class=\"t m0 x1a h4f y7e0 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">amendments <span class=\"_ _2\"></span>to IFRS standards an<span class=\"_ _2\"></span>d <span class=\"lse0 wsf0\">inter<span class=\"_ _0\"></span>pretat<span class=\"_ _0\"></span>ions will be<span class=\"_ _0\"></span>come </span></div>\n<div class=\"t m0 x1a h4f y7e1 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve for an<span class=\"_ _2b\"></span>nual reportin<span class=\"_ _2b\"></span>g periods start<span class=\"_ _0\"></span>ing on 1 J<span class=\"_ _2b\"></span>anuary 2023 or <span class=\"_ _0\"></span>later.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7e2 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7e3 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas h<span class=\"_ _0\"></span>as not ea<span class=\"_ _2b\"></span>rly adopted any I<span class=\"_ _2b\"></span>FRS standard,<span class=\"_ _2b\"></span>\u00a0interpretati<span class=\"_ _2b\"></span>on or</div>\n<div class=\"t m0 x1a h4f y7e4 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ent that has<span class=\"_ _0\"></span>\u00a0been issue<span class=\"_ _0\"></span>d by the IASB b<span class=\"_ _0\"></span>ut that is not<span class=\"_ _0\"></span>\u00a0yet</div>\n<div class=\"t m0 x1a h4f y7e5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve or has not<span class=\"_ _0\"></span>\u00a0ye<span class=\"lse2 wsfa\">t been endor<span class=\"_ _2\"></span>sed by the EU.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y7e6 ff58 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">A.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse2 wsfa\">Extension<span class=\"_ _2\"></span>\u00a0of the temporar<span class=\"_ _2\"></span>y exemption from a<span class=\"_ _2\"></span>pplying IFRS 9</span>\u00a0\u2013<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x1e6 h4f y7e7 ff58 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Amendments to IFR<span class=\"_ _2\"></span>S 4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7e8 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The IASB iss<span class=\"_ _2b\"></span>ued IFRS 9 \u2018Financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments\u2019 i<span class=\"_ _0\"></span>n July 2014 an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e EU</div>\n<div class=\"t m0 x1a h4f y7e9 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">endors<span class=\"_ _0\"></span>ed IFRS <span class=\"_ _0\"></span>9 in Novem<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>16. Alth<span class=\"_ _2b\"></span>ough IFRS 9 app<span class=\"_ _0\"></span>lies for <span class=\"_ _2b\"></span>annual</div>\n<div class=\"t m0 x1a h4f y7ea ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">repor<span class=\"ws103\">ting period<span class=\"_ _2\"></span>s <span class=\"lse0 wsef\">start<span class=\"_ _2b\"></span>ing<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">on or after 1 January 2<span class=\"_ _2b\"></span>018, Ageas conti<span class=\"_ _0\"></span>nue<span class=\"ls0 ws0\">s </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y7eb ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to apply IA<span class=\"_ _0\"></span>S 39 \u2018Financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsfa\">recognition<span class=\"_ _2\"></span>\u00a0and measurement\u2019<span class=\"lsf4 ws10c\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y7ec ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas will appl<span class=\"_ _2\"></span>y IFRS 9 for the first time as<span class=\"_ _2\"></span>\u00a0from 1 January 2023<span class=\"lse0 wsfa\">. The </span></div>\n<div class=\"t m0 x1a h4f y7ed ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reasons behind<span class=\"_ _2\"></span>\u00a0this derogation are explained<span class=\"_ _2\"></span>\u00a0bel<span class=\"lse0 wsef\">ow<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f y7ee ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7ef ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas co<span class=\"_ _2b\"></span>ntinues to app<span class=\"_ _2b\"></span>ly IAS 39 beca<span class=\"_ _0\"></span>use it is <span class=\"_ _0\"></span>permitt<span class=\"_ _0\"></span>ed to do s<span class=\"_ _2b\"></span>o by</div>\n<div class=\"t m0 x1a h4f y7f0 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to I<span class=\"_ _0\"></span>FRS 4. T<span class=\"_ _0\"></span>he IAS<span class=\"_ _0\"></span>B initiall<span class=\"_ _2b\"></span>y issued amend<span class=\"_ _0\"></span>ments i<span class=\"_ _0\"></span>n this</div>\n<div class=\"t m0 x1a h4f y7f1 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect i<span class=\"_ _0\"></span>n Septembe<span class=\"_ _2b\"></span>r 2016 (which have be<span class=\"_ _0\"></span>en endors<span class=\"_ _0\"></span>ed by the EU in</div>\n<div class=\"t m0 x1a h4f y7f2 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">November 2017<span class=\"_ _2\"></span>) and re<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">confirmed <span class=\"wsf0\">in Ju<span class=\"_ _0\"></span>ne 2020 <span class=\"lsfc ws121\">that i<span class=\"lse2 ws103\">nsu<span class=\"_ _2\"></span>rers can apply </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y7f3 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">both IFRS 9 \u2018F<span class=\"_ _0\"></span>inancia<span class=\"_ _0\"></span>l instru<span class=\"_ _0\"></span>ments\u2019 a<span class=\"_ _0\"></span>nd IFRS 17 \u2018Ins<span class=\"_ _2b\"></span>urance contracts<span class=\"_ _2b\"></span>\u2019</div>\n<div class=\"t m0 x1a h4f y7f4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">togeth<span class=\"_ _0\"></span>er for the f<span class=\"_ _2b\"></span>irst time by i<span class=\"_ _0\"></span>ssuing a<span class=\"_ _2b\"></span>mendments to IF<span class=\"_ _2b\"></span>RS 4 \u2018Extens<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y7f5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the tempo<span class=\"_ _2b\"></span>rary exemption fr<span class=\"_ _0\"></span>om applyi<span class=\"_ _0\"></span>ng IFRS 9\u2019. Th<span class=\"_ _2b\"></span>e EU endorsed</div>\n<div class=\"t m0 x1a h4f y7f6 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">these amend<span class=\"_ _2\"></span>ments in December 20<span class=\"_ _2\"></span><span class=\"wsf1\">20.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y7f7 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7f8 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The ame<span class=\"_ _0\"></span>ndments<span class=\"_ _0\"></span>\u00a0to IFR<span class=\"_ _0\"></span>S 4 fores<span class=\"_ _0\"></span>ee in tw<span class=\"_ _0\"></span>o optio<span class=\"_ _2b\"></span>ns to minimise t<span class=\"_ _2b\"></span>he effect</div>\n<div class=\"t m0 x1a h4f y7f9 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the d<span class=\"_ _0\"></span>ifferent<span class=\"_ _0\"></span>\u00a0effect<span class=\"_ _0\"></span>ive dat<span class=\"_ _0\"></span>es of IFR<span class=\"_ _2b\"></span>S 9 (2018) and I<span class=\"_ _0\"></span>FRS 17 (<span class=\"_ _0\"></span>2023).</div>\n<div class=\"t m0 x1a h4f y7fa ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These opt<span class=\"_ _2b\"></span>ions are the \u2018<span class=\"_ _0\"></span>overlay<span class=\"_ _0\"></span>\u00a0approa<span class=\"_ _0\"></span>ch\u2019 and t<span class=\"_ _0\"></span>he \u2018tem<span class=\"_ _0\"></span>porary e<span class=\"_ _0\"></span>xempti<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x1a h4f y7fb ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from apply<span class=\"_ _2\"></span>ing IFRS 9\u2019.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 503px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 503px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 283px; height: 823px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The temp<span class=\"_ _0\"></span>orary exe<span class=\"_ _0\"></span>mption fr<span class=\"_ _0\"></span>om applyi<span class=\"_ _2b\"></span>ng IFRS 9 is an optional<span class=\"_ _0\"></span>\u00a0tempora<span class=\"_ _0\"></span>ry</div>\n<div class=\"t m0 x7 h4f y803 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exempt<span class=\"_ _0\"></span>ion from apply<span class=\"_ _2b\"></span>ing IFRS 9 no later th<span class=\"_ _0\"></span>an report<span class=\"_ _0\"></span>ing period<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>arting</div>\n<div class=\"t m0 x7 h4f y804 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on or after 1 Ja<span class=\"_ _0\"></span>nuary 202<span class=\"_ _0\"></span>3, for entit<span class=\"_ _0\"></span>ies whos<span class=\"_ _0\"></span>e activit<span class=\"_ _0\"></span>ies are</div>\n<div class=\"t m0 x7 h4f y805 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">predom<span class=\"_ _0\"></span>inantly c<span class=\"_ _0\"></span>onnected w<span class=\"_ _0\"></span>ith issui<span class=\"_ _0\"></span>ng contr<span class=\"_ _0\"></span>acts that a<span class=\"_ _0\"></span>re in the scop<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x7 h4f y806 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 4 \u2018Ins<span class=\"_ _0\"></span>urance co<span class=\"_ _2b\"></span>ntracts\u2019. Ageas p<span class=\"_ _0\"></span>erforme<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>suc<span class=\"_ _0\"></span>h a predomi<span class=\"_ _0\"></span>nance</div>\n<div class=\"t m0 x7 h4f y807 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">analysi<span class=\"_ _0\"></span>s at the refere<span class=\"_ _2b\"></span>nce date of 31 Decemb<span class=\"_ _2b\"></span>er 2015 and conclud<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y808 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">it was el<span class=\"_ _0\"></span>igible t<span class=\"_ _2b\"></span>o apply the tem<span class=\"_ _0\"></span>porary ex<span class=\"_ _2b\"></span>emption<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">from apply<span class=\"_ _0\"></span>ing IFRS 9. </span></div>\n<div class=\"t m0 x7 h4f y809 ff5f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80a ff61 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff62\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff5f lse0 wsf0\">The carrying amou<span class=\"_ _2b\"></span>nt of <span class=\"lse2 wsf1\">Agea<span class=\"_ _2\"></span>s's <span class=\"ws103\">liabilities ar<span class=\"_ _2\"></span>ising from contracts </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y80b ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">within t<span class=\"_ _0\"></span>he scop<span class=\"_ _0\"></span>e of IFR<span class=\"_ _0\"></span>S 4 was s<span class=\"_ _0\"></span>ignifica<span class=\"_ _2b\"></span>nt compared t<span class=\"_ _0\"></span>o the tot<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x43 h4f y80c ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nt of all the liabilit<span class=\"_ _0\"></span>ies of Ageas<span class=\"_ _0\"></span><span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80d ff61 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff62\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff5f lse0 wsf0\">The percentage of<span class=\"_ _0\"></span>\u00a0the total c<span class=\"_ _0\"></span>arrying a<span class=\"_ _0\"></span>mount of <span class=\"lse2 wsf1\">Ageas's <span class=\"ls106 ws124\">liabilitie<span class=\"_ _0\"></span>s </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y80e ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">connect<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>h insura<span class=\"_ _0\"></span>nce rela<span class=\"_ _0\"></span>tive to t<span class=\"_ _2b\"></span>he total carry<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt of all<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x43 h4f y80f ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the liabil<span class=\"_ _2b\"></span>ities of Ageas was g<span class=\"_ _0\"></span>reater than 9<span class=\"_ _2b\"></span>0 per cent.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y810 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y811 ff5f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">No reassessm<span class=\"_ _2\"></span>ent of this predo<span class=\"_ _2\"></span>minance analysis h<span class=\"_ _2\"></span>as been performe<span class=\"lse0 wsf0\">d at </span></div>\n<div class=\"t m0 x1a h4f y812 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a subseq<span class=\"_ _2b\"></span>uent date, bec<span class=\"_ _0\"></span>ause th<span class=\"_ _2b\"></span>ere were no subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>al changes<span class=\"_ _0\"></span>\u00a0in the</div>\n<div class=\"t m0 x1a h4f y813 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span>\u00a0of Ageas tha<span class=\"_ _0\"></span>t would re<span class=\"_ _0\"></span>quire suc<span class=\"_ _0\"></span>h a reassess<span class=\"_ _2b\"></span>ment.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y814 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y815 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Because <span class=\"_ _0\"></span>Ageas is<span class=\"_ _0\"></span>\u00a0eligibl<span class=\"_ _2b\"></span>e to apply the t<span class=\"_ _2b\"></span>emporary exem<span class=\"_ _2b\"></span>ption from</div>\n<div class=\"t m0 x1a h4f y816 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g IFRS 9,<span class=\"_ _2b\"></span>\u00a0Ageas decide<span class=\"_ _0\"></span>d to do so <span class=\"_ _0\"></span>and deci<span class=\"_ _0\"></span>ded to al<span class=\"_ _0\"></span>ign<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">the </span></span></div>\n<div class=\"t m0 x1a h4f y817 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve dates<span class=\"_ _0\"></span>\u00a0of IFR<span class=\"_ _2b\"></span>S 9 and IFRS 17. T<span class=\"_ _2b\"></span>o make the <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsol<span class=\"_ _0\"></span>idate </span></div>\n<div class=\"t m0 x1a h4f y818 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">f<span class=\"lse2 wsf1\">inancial<span class=\"_ _2\"></span>\u00a0</span>s<span class=\"lse0 wsfa\">tateme<span class=\"_ _0\"></span>nts of A<span class=\"_ _0\"></span>geas mor<span class=\"_ _0\"></span>e compar<span class=\"_ _0\"></span>able to t<span class=\"_ _2b\"></span>hose of comp<span class=\"_ _0\"></span>anies </span></div>\n<div class=\"t m0 x1a h4f y819 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that alr<span class=\"_ _0\"></span>eady ap<span class=\"_ _0\"></span>ply IFR<span class=\"_ _0\"></span>S 9, Age<span class=\"_ _0\"></span>as discl<span class=\"_ _0\"></span>oses the f<span class=\"_ _2b\"></span>ollowing info<span class=\"_ _2b\"></span>rmation on</div>\n<div class=\"t m0 x1a h4f y81a ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue and c<span class=\"_ _0\"></span>redit ris<span class=\"_ _2b\"></span>k exposure of i<span class=\"_ _0\"></span>ts cons<span class=\"_ _0\"></span>o<span class=\"wsf0\">lidate<span class=\"_ _2b\"></span>d entities.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y81b ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81c ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81d ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81e ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y81f ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xa3 h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 311px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xbf h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 398px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xbf h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 559px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x144 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 333px; bottom: 830px; z-index: 15;\">Fair Value at 31 De<span class=\"_ _0\"></span>cember 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x144 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 494px; bottom: 830px; z-index: 15;\">Fair Value at 31 De<span class=\"_ _0\"></span>cember 2021<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5ff ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 683px; bottom: 844px; z-index: 15;\">Amount of change<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 681px; bottom: 830px; z-index: 15;\">in fair value in 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 830px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xa3 h52 y603 ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 311px; bottom: 814px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 799px; z-index: 15;\">Fair value of financial <span class=\"_ _0\"></span>assets (in Euro million)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 360px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 355px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 426px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 436px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 521px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 516px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 586px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 596px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 681px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 676px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 747px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 757px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 635px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 769px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 371px; bottom: 769px; z-index: 15;\">1,125<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x24 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 769px; z-index: 15;\">27<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 532px; bottom: 769px; z-index: 15;\">1,900<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 624px; bottom: 769px; z-index: 15;\">38<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 769px; z-index: 15;\">(775)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 769px; z-index: 15;\">(11)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 754px; z-index: 15;\">Debt securities, incl. structured <span class=\"_ _2b\"></span>notes<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 754px; z-index: 15;\">42,685<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x24 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 754px; z-index: 15;\">21<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 528px; bottom: 754px; z-index: 15;\">55,905<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 619px; bottom: 754px; z-index: 15;\">127<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 681px; bottom: 754px; z-index: 15;\">(13,220)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 754px; z-index: 15;\">(106)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 739px; z-index: 15;\">Equity securities and <span class=\"lsec ws100\">other inves<span class=\"_ _2\"></span>tments<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 739px; z-index: 15;\">4,213<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 739px; z-index: 15;\">5,669<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 739px; z-index: 15;\">(1,456)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 724px; z-index: 15;\">Derivatives held for tra<span class=\"_ _0\"></span>ding<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 724px; z-index: 15;\">126<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 724px; z-index: 15;\">6</div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15e h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 724px; z-index: 15;\">120<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 709px; z-index: 15;\">Derivatives for hedging purpose<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 709px; z-index: 15;\">110<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 624px; bottom: 709px; z-index: 15;\">34<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x24 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 709px; z-index: 15;\">76<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 694px; z-index: 15;\">Loans<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 366px; bottom: 694px; z-index: 15;\">13,391<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 694px; z-index: 15;\">293<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 694px; z-index: 15;\">15,155<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 619px; bottom: 694px; z-index: 15;\">297<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 694px; z-index: 15;\">(1,764)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 694px; z-index: 15;\">(4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff5f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 680px; z-index: 15;\">Investments related to unit linked<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 680px; z-index: 15;\">15,795<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 680px; z-index: 15;\">18,899<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 680px; z-index: 15;\">(3,104)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 665px; z-index: 15;\">Other receivables <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 378px; bottom: 665px; z-index: 15;\">678<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f7 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 665px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 665px; z-index: 15;\">802<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f7 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 635px; bottom: 665px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x160 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 665px; z-index: 15;\">(124)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 654px; height: 452px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 654px; height: 452px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1f4 h52 y647 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 491px; bottom: 1081px; z-index: 15;\">Loss allowance is measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y647 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1081px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x52 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 477px; bottom: 1065px; z-index: 15;\">At an amount equal to lifetime ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 1050px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">IAS 39 for financial a<span class=\"_ _0\"></span>ssets that<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">meet the SPPI test as per <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f8 h52 y605 ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 337px; bottom: 1020px; z-index: 15;\">At an am<span class=\"_ _2\"></span>ount<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 342px; bottom: 1005px; z-index: 15;\">equal to 12<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x11d h52 y638 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 345px; bottom: 990px; z-index: 15;\">month ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y601 ff63 fs3c fc1f sc0 lsef ws10a\" style=\"left: 444px; bottom: 1050px; z-index: 15;\">Sign<span class=\"_ _2\"></span>ificantly<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 453px; bottom: 1035px; z-index: 15;\">increased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19f h52 y605 ff63 fs3c fc1f sc0 lse5 ws10a\" style=\"left: 429px; bottom: 1020px; z-index: 15;\">credit risk sin<span class=\"_ _0\"></span>ce<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 409px; bottom: 1005px; z-index: 15;\">initial recognition but<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 417px; bottom: 990px; z-index: 15;\">not credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x143 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 1050px; z-index: 15;\">Credit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">impaired at the <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x9 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 539px; bottom: 1035px; z-index: 15;\">reporting date<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 522px; bottom: 1020px; z-index: 15;\">but not purchased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 545px; bottom: 1005px; z-index: 15;\">or originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 990px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 1050px; z-index: 15;\">Trade &amp; other <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11e h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 1035px; z-index: 15;\">receivables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 656px; bottom: 1020px; z-index: 15;\">measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 640px; bottom: 1005px; z-index: 15;\">in accordance<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y638 ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 617px; bottom: 990px; z-index: 15;\">with IF<span class=\"_ _2\"></span>RS 9 \u00a75.5.<span class=\"_ _2\"></span>15<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 744px; bottom: 1035px; z-index: 15;\">Purchased or<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x161 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 756px; bottom: 1020px; z-index: 15;\">originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 737px; bottom: 1005px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 735px; bottom: 990px; z-index: 15;\">financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 960px; z-index: 15;\">AAA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 960px; z-index: 15;\">5,769<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff63 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 945px; z-index: 15;\">AA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 945px; z-index: 15;\">23,022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\">A</div>\n<div class=\"t m0 x9 h52 y5f9 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 930px; z-index: 15;\">10,921<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 915px; z-index: 15;\">BBB<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 915px; z-index: 15;\">11,865<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f9 ff65 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment gra<span class=\"_ _2b\"></span>de<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y5f9 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 900px; z-index: 15;\">51,577<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 885px; z-index: 15;\">347<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 885px; z-index: 15;\">66<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 885px; z-index: 15;\">20<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1d h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 885px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 885px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Unrated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 871px; z-index: 15;\">6,515<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x45 h52 y5fc ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 487px; bottom: 871px; z-index: 15;\">6</div>\n<div class=\"t m0 x43 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 871px; z-index: 15;\">16<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 871px; z-index: 15;\">730<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 871px; z-index: 15;\">19<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f7 ff65 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 856px; z-index: 15;\">58,439<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 856px; z-index: 15;\">72<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 856px; z-index: 15;\">36<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 856px; z-index: 15;\">730<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 856px; z-index: 15;\">19<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y83f ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y840 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 491px; bottom: 809px; z-index: 15;\">Loss allowance is measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x52 h52 y5f7 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 477px; bottom: 793px; z-index: 15;\">At an amount equal to lifetime ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 763px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 748px; z-index: 15;\">IAS 39 for financial a<span class=\"_ _0\"></span>ssets that<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 733px; z-index: 15;\">meet the SPPI test as per <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 718px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x2f h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 763px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f8 h52 y5ff ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 337px; bottom: 748px; z-index: 15;\">At an am<span class=\"_ _2\"></span>ount<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 342px; bottom: 733px; z-index: 15;\">equal to 12<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x11d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 345px; bottom: 718px; z-index: 15;\">month ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5ff ff63 fs3c fc1f sc0 lsef ws10a\" style=\"left: 444px; bottom: 777px; z-index: 15;\">Sign<span class=\"_ _2\"></span>ificantly<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 453px; bottom: 763px; z-index: 15;\">increased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19f h52 y5ff ff63 fs3c fc1f sc0 lse5 ws10a\" style=\"left: 429px; bottom: 748px; z-index: 15;\">credit risk sin<span class=\"_ _0\"></span>ce<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 409px; bottom: 733px; z-index: 15;\">initial recognition but<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 417px; bottom: 718px; z-index: 15;\">not credit<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">impaired<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x143 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 777px; z-index: 15;\">Credit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">impaired at the <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x9 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 539px; bottom: 763px; z-index: 15;\">reporting date<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11d h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 522px; bottom: 748px; z-index: 15;\">but not purchased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 545px; bottom: 733px; z-index: 15;\">or originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 718px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 777px; z-index: 15;\">Trade &amp; other <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11e h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 763px; z-index: 15;\">receivables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 656px; bottom: 748px; z-index: 15;\">measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 640px; bottom: 733px; z-index: 15;\">in accordance<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y603 ff63 fs3c fc1f sc0 ls109 ws125\" style=\"left: 617px; bottom: 718px; z-index: 15;\">with IFRS 9 <span class=\"lsec wsfe\">\u00a75.5.<span class=\"_ _2\"></span>15<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1f4 h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 744px; bottom: 763px; z-index: 15;\">Purchased or<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x161 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 756px; bottom: 748px; z-index: 15;\">originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 737px; bottom: 733px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 735px; bottom: 718px; z-index: 15;\">financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 688px; z-index: 15;\">AAA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y603 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 688px; z-index: 15;\">5,289<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 673px; z-index: 15;\">AA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 673px; z-index: 15;\">30,991<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 658px; z-index: 15;\">A</div>\n<div class=\"t m0 x9 h52 y5f4 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 658px; z-index: 15;\">13,749<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 643px; z-index: 15;\">BBB<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 643px; z-index: 15;\">14,565<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y60e ff65 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 628px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment gra<span class=\"_ _2b\"></span>de<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y60e ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 628px; z-index: 15;\">64,594<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y70b ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 613px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 613px; z-index: 15;\">296<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 613px; z-index: 15;\">78<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 613px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1d h52 y70b ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 613px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y70b ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 613px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 598px; z-index: 15;\">Unrated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 598px; z-index: 15;\">4,832<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x45 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 487px; bottom: 598px; z-index: 15;\">4</div>\n<div class=\"t m0 x43 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 598px; z-index: 15;\">18<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 598px; z-index: 15;\">952<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 598px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y656 ff65 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 584px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 584px; z-index: 15;\">69,722<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 584px; z-index: 15;\">82<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 584px; z-index: 15;\">44<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 584px; z-index: 15;\">952<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 584px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y851 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y852 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 536px; z-index: 15;\">Gross carrying amount applying IAS 39 and fair value for financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 522px; z-index: 15;\">that meet the SPPI te<span class=\"_ _0\"></span>st and that do not<span class=\"_ _0\"></span>\u00a0have a low credi<span class=\"_ _0\"></span>t risk as per 31 De<span class=\"_ _0\"></span>cember 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 506px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xe8 h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 506px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 491px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying IAS 39<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1fa h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 491px; z-index: 15;\">1,428<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 476px; z-index: 15;\">Fair value <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1fa h52 y601 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 476px; z-index: 15;\">1,401<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 462px; z-index: 15;\">Difference<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x13d h54 y5ff ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 462px; z-index: 15;\">27<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y859 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y85a ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y85b ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 28 \u2018Inv<span class=\"_ _0\"></span>estment<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>in ass<span class=\"_ _0\"></span>ociates<span class=\"_ _0\"></span>\u00a0and joint v<span class=\"_ _0\"></span>entures\u2019 r<span class=\"_ _2b\"></span>equires an entity</div>\n<div class=\"t m0 x7 h4f y85c ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">to apply uniform<span class=\"_ _2\"></span>\u00a0accounting policies when<span class=\"_ _2\"></span>\u00a0using the equity method.</div>\n<div class=\"t m0 x7 h4f y85d ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas has tempora<span class=\"_ _2\"></span>rily derogated from thi<span class=\"_ _2\"></span>s rule for its associate</div>\n<div class=\"t m0 x7 h4f y85e ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Maybank Agea<span class=\"_ _2\"></span>s Holdings Berhad. <span class=\"_ _2\"></span>This associate appl<span class=\"_ _2\"></span>i<span class=\"lse0\">es I<span class=\"_ _0\"></span>FRS 9 s<span class=\"_ _0\"></span>ince </span></div>\n<div class=\"t m0 x7 h4f y85f ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">2018, while Agea<span class=\"_ _2\"></span>s applied the temporary exemp<span class=\"_ _2\"></span>tion from applying IFRS</div>\n<div class=\"t m0 x7 h4f y860 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">9 over t<span class=\"_ _0\"></span>he same <span class=\"_ _0\"></span>reportin<span class=\"_ _0\"></span>g periods<span class=\"_ _2b\"></span>. This derogat<span class=\"_ _2b\"></span>ion from apply<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x7 h4f y861 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">uniform <span class=\"_ _2b\"></span>accounting pol<span class=\"_ _2b\"></span>icies is permitt<span class=\"_ _2b\"></span>ed by paragrap<span class=\"_ _2b\"></span>h 39I of the</div>\n<div class=\"t m0 x7 h4f y862 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to I<span class=\"_ _0\"></span>FRS 4 o<span class=\"_ _0\"></span>n \u2018Extens<span class=\"_ _0\"></span>ion of t<span class=\"_ _2b\"></span>he<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span><span class=\"lse2\">temporary exemption<span class=\"_ _2\"></span>\u00a0from </span></div>\n<div class=\"t m0 x7 h4f y863 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g IFRS 9<span class=\"_ _0\"></span>\u2019. The fi<span class=\"_ _0\"></span>nancial s<span class=\"_ _2b\"></span>tatements of<span class=\"_ _0\"></span>\u00a0Maybank<span class=\"_ _0\"></span>\u00a0Ageas H<span class=\"_ _2b\"></span>oldings</div>\n<div class=\"t m0 x7 h4f y864 ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Berhad ca<span class=\"_ _0\"></span>n be found on f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g website: <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y865 ff63 fs3a fc10 sc0 ls0 ws0\" style=\"z-index: 15;\">(<span class=\"lsf4 ws10c\">https://myetiqa.com/who</span>-<span class=\"ls104 ws126\">we</span>-<span class=\"lse0 wsef\">are/financia<span class=\"_ _0\"></span>l<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">statement<span class=\"_ _2\"></span><span class=\"lse1 wsf0\">s/</span></span>)<span class=\"fc14\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y877 ff63 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">B.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse0 wsf0\">IFRS 9 \u2018Financ<span class=\"_ _2b\"></span>ial <span class=\"wsef\">instrument<span class=\"_ _0\"></span>s\u2019<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 y878 ff66 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Present<span class=\"_ _2b\"></span>ation of compa<span class=\"_ _0\"></span>rative inf<span class=\"_ _2b\"></span>ormation <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y879 ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas will<span class=\"_ _2\"></span>\u00a0apply both IFRS<span class=\"_ _2\"></span>\u00a09 \u2018Financial ins<span class=\"_ _2\"></span>truments\u2019 and IFRS 1<span class=\"_ _2\"></span>7</div>\n<div class=\"t m0 x1a h4f y87a ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">\u2018Insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>racts\u2019 (see b<span class=\"_ _0\"></span>elow) for<span class=\"_ _2b\"></span>\u00a0the first tim<span class=\"_ _0\"></span>e as from<span class=\"_ _0\"></span>\u00a0the ann<span class=\"_ _0\"></span>ual</div>\n<div class=\"t m0 x1a h4f y87b ff63 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">repo<span class=\"lse0 wsfa\">rting peri<span class=\"_ _2b\"></span>od starting on <span class=\"_ _0\"></span>1 Januar<span class=\"_ _0\"></span>y 2023.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y87c ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y87d ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 req<span class=\"_ _0\"></span>uires an ent<span class=\"_ _2b\"></span>ity to restate info<span class=\"_ _0\"></span>rmation i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>res<span class=\"_ _0\"></span>pect of the ann<span class=\"_ _2b\"></span>ual</div>\n<div class=\"t m0 x1a h4f y87e ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting period<span class=\"_ _2\"></span>\u00a02022 in its financial stat<span class=\"_ _2\"></span>ements for the annual repor<span class=\"_ _2\"></span>ting</div>\n<div class=\"t m0 x1a h4f y87f ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period endin<span class=\"_ _2\"></span>g on 31 December <span class=\"_ _2\"></span>2023.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 246px; height: 844px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 246px; height: 844px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In view <span class=\"_ _0\"></span>of the re<span class=\"_ _0\"></span>quirement<span class=\"_ _0\"></span>\u00a0under I<span class=\"_ _0\"></span>FRS 17<span class=\"_ _0\"></span>, Ageas<span class=\"_ _0\"></span>\u00a0decid<span class=\"_ _0\"></span>ed to als<span class=\"_ _0\"></span>o restat<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y803 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the compara<span class=\"_ _2\"></span>tive information on<span class=\"_ _2\"></span>\u00a0financial instrumen<span class=\"_ _2\"></span>ts for the annual<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y804 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>od 2022.<span class=\"_ _0\"></span>\u00a0In prese<span class=\"_ _2b\"></span>nting comparat<span class=\"_ _2b\"></span>ive informati<span class=\"_ _0\"></span>on on</div>\n<div class=\"t m0 x7 h4f y805 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">financial <span class=\"_ _2\"></span><span class=\"ws103\">instruments, Ageas will app<span class=\"_ _2\"></span>ly the requirements in IFRS 9<span class=\"_ _2\"></span>\u00a0on </span></div>\n<div class=\"t m0 x7 h4f y806 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">\u2018classification<span class=\"_ _2\"></span>\u00a0&amp; measurement\u2019 and on \u2018impai<span class=\"_ _2\"></span>rment\u2019 to all its financial<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y807 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets, us<span class=\"_ _2b\"></span>ing reasonable a<span class=\"_ _2b\"></span>nd supportable inf<span class=\"_ _2b\"></span>ormation avail<span class=\"_ _2b\"></span>able on 1</div>\n<div class=\"t m0 x7 h4f y808 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">January <span class=\"_ _2b\"></span>2022. This fol<span class=\"_ _0\"></span>lows fr<span class=\"_ _0\"></span>om the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he \u2018<span class=\"wsef\">class<span class=\"_ _2b\"></span>ification </span></div>\n<div class=\"t m0 x7 h4f y809 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">overlay\u2019 include<span class=\"_ _2\"></span>d in the amendments to IFRS 17<span class=\"_ _2\"></span>\u00a0\u2018Initial application o<span class=\"_ _2\"></span>f</div>\n<div class=\"t m0 x7 h4f y80a ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 and IF<span class=\"_ _0\"></span>RS 9 <span class=\"ls0 ws0\">\u2013 </span>comparativ<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation\u2019, w<span class=\"_ _0\"></span>hich hav<span class=\"_ _0\"></span>e been</div>\n<div class=\"t m0 x7 h4f y80b ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">issued by<span class=\"_ _0\"></span>\u00a0the I<span class=\"_ _0\"></span>ASB in Dec<span class=\"_ _0\"></span>ember 2<span class=\"_ _2b\"></span>021 and have be<span class=\"_ _0\"></span>en endors<span class=\"_ _2b\"></span>ed by the</div>\n<div class=\"t m0 x7 h4f y80c ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EU in Septem<span class=\"_ _2b\"></span>ber 2022.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y882 ff6a fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Main changes broug<span class=\"_ _2\"></span>h<span class=\"lsfc ws0\">t by IF<span class=\"_ _2\"></span>RS 9<span class=\"ls0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y883 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Compar<span class=\"_ _0\"></span>ed to IA<span class=\"_ _0\"></span>S 39, the <span class=\"_ _0\"></span>main ch<span class=\"_ _2b\"></span>anges brought<span class=\"_ _0\"></span>\u00a0by IFRS <span class=\"_ _0\"></span>9 relate t<span class=\"_ _2b\"></span>o:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y884 ff6b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff6c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff68 lse2 wsfa\">T<span class=\"_ _2\"></span>he classification (a<span class=\"_ _2\"></span>nd <span class=\"lse0 wsf0\">result<span class=\"_ _2b\"></span>ing measurement<span class=\"_ _2b\"></span>) of <span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>nancial ass<span class=\"_ _2b\"></span>ets; </span></span></span></div>\n<div class=\"t m0 x43 h4f y885 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y886 ff6b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff6c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff68 lse0 wsf0\">The applicatio<span class=\"_ _0\"></span>n of the expect<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">cr<span class=\"_ _2\"></span>edit loss model.</span>\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h55 y887 ff6a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsfa\">cl<span class=\"_ _2\"></span>assification &amp; mea<span class=\"_ _2\"></span>surement</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y888 ff68 fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">The cl<span class=\"_ _2\"></span>a<span class=\"lse2 ws103\">ssification and measure<span class=\"_ _2\"></span>ment categories for financial<span class=\"_ _2\"></span>\u00a0instruments </span></div>\n<div class=\"t m0 x7 h4f y889 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">under IAS 3<span class=\"_ _0\"></span>9 (i.e. \u2018hel<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span><span class=\"wsfa\">mat<span class=\"_ _0\"></span>urity\u2019, \u2018<span class=\"_ _2b\"></span>loans and rece<span class=\"_ _2b\"></span>ivables\u2019, \u2018av<span class=\"_ _0\"></span>ailabl<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x7 h4f y88a ff68 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">sale\u2019,<span class=\"_ _2\"></span>\u00a0\u2018held</span>-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">trading\u2019 or financial as<span class=\"_ _2\"></span>sets designated at fair value<span class=\"_ _2\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y88b ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through pr<span class=\"_ _2\"></span>ofit or loss) have<span class=\"_ _2\"></span>\u00a0been replace<span class=\"ws103\">d under<span class=\"_ _2\"></span>\u00a0IFRS 9 by three </span></div>\n<div class=\"t m0 x7 h4f y88c ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">principal me<span class=\"_ _2\"></span>asurement bases (i<span class=\"_ _2\"></span>.e. amortised co<span class=\"_ _2\"></span>st, fair value <span class=\"_ _2\"></span>through</div>\n<div class=\"t m0 x7 h4f y88d ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>omprehe<span class=\"_ _2b\"></span>nsive income an<span class=\"_ _0\"></span>d fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it or loss). T<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y88e ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">classif<span class=\"_ _0\"></span>ication,<span class=\"_ _0\"></span>\u00a0and result<span class=\"_ _2b\"></span>ing measurement<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>of fi<span class=\"_ _2b\"></span>nancial instrum<span class=\"_ _2b\"></span>ents under</div>\n<div class=\"t m0 x7 h4f y88f ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">IFRS 9 i<span class=\"_ _2\"></span>s generall<span class=\"lse0\">y based o<span class=\"_ _2b\"></span>n the business <span class=\"_ _0\"></span>model in w<span class=\"_ _2b\"></span>hich a financ<span class=\"_ _0\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y890 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">asset is<span class=\"_ _0\"></span>\u00a0manage<span class=\"_ _2b\"></span>d and its contr<span class=\"_ _0\"></span>actual c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>\u00a0charact<span class=\"_ _2b\"></span>eristics.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y891 ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y892 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas determine<span class=\"_ _2\"></span>d that the largest part of i<span class=\"_ _2\"></span>ts investments in debt</div>\n<div class=\"t m0 x7 h4f y893 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents will b<span class=\"_ _0\"></span>e measure<span class=\"_ _2b\"></span>d at <span class=\"_ _2\"></span>fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue throug<span class=\"_ _0\"></span>h other com<span class=\"_ _0\"></span>prehens<span class=\"_ _2b\"></span>ive</div>\n<div class=\"t m0 x7 h4f y894 ff68 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">inc<span class=\"lse0 wsfa\">ome af<span class=\"_ _0\"></span>ter the<span class=\"_ _2b\"></span>ir initial reco<span class=\"_ _0\"></span>gnition.<span class=\"_ _2b\"></span>\u00a0This follows<span class=\"_ _0\"></span>\u00a0from t<span class=\"_ _0\"></span>he analy<span class=\"_ _0\"></span>sis that </span></div>\n<div class=\"t m0 x7 h4f y895 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">these inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span>s pass the \u2018s<span class=\"_ _0\"></span>olely paym<span class=\"_ _2b\"></span>ents of principal<span class=\"_ _0\"></span>\u00a0and interes<span class=\"_ _0\"></span>t\u2019</div>\n<div class=\"t m0 x7 h4f y896 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">test and bec<span class=\"_ _2b\"></span>ause those investm<span class=\"_ _2b\"></span>ents are held withi<span class=\"_ _0\"></span>n the \u2018hold to co<span class=\"_ _0\"></span>llect</div>\n<div class=\"t m0 x7 h4f y897 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and sell\u2019 b<span class=\"_ _2\"></span>usiness model. The<span class=\"_ _2\"></span>\u00a0\u2018hold to colle<span class=\"_ _2\"></span>ct and sell\u2019 bus<span class=\"_ _2\"></span>iness model</div>\n<div class=\"t m0 x7 h4f y898 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reflects<span class=\"_ _0\"></span>\u00a0the fac<span class=\"_ _0\"></span>t that <span class=\"lse2 wsf1\">those </span><span class=\"wsf0\">financ<span class=\"_ _0\"></span>ial assets<span class=\"_ _0\"></span>\u00a0are held to ba<span class=\"_ _0\"></span>ck liabil<span class=\"_ _0\"></span>ities </span></div>\n<div class=\"t m0 x7 h4f y899 ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">f<span class=\"lse2 wsf1\">rom</span>\u00a0<span class=\"lse0 wsf0\">(re)insuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent contra<span class=\"_ _0\"></span>cts with dis<span class=\"_ _0\"></span>cretion<span class=\"_ _2b\"></span>ary </span></div>\n<div class=\"t m0 x7 h4f y89a ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _0\"></span>eatures (s<span class=\"_ _2b\"></span>ee section C. \u2018IFR<span class=\"_ _0\"></span>S 17 \u2018Insura<span class=\"_ _2b\"></span>nce contracts\u2019</div>\n<div class=\"t m0 x7 h4f y89b ff68 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">below<span class=\"ls0 ws0\">). </span></div>\n<div class=\"t m0 x7 h4f y89c ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y89d ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Equity inst<span class=\"_ _2\"></span>ruments are always<span class=\"_ _2\"></span>\u00a0measured at fair<span class=\"_ _2\"></span>\u00a0value <span class=\"wsf1\">under<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">IFR<span class=\"_ _2b\"></span>S 9. For </span></span></span></div>\n<div class=\"t m0 x7 h4f y89e ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the larges<span class=\"_ _0\"></span>t part of it<span class=\"_ _0\"></span>s investm<span class=\"_ _0\"></span>ents in equit<span class=\"_ _0\"></span>y instru<span class=\"_ _0\"></span>ments,<span class=\"_ _0\"></span>\u00a0Ageas inte<span class=\"_ _0\"></span>nds</div>\n<div class=\"t m0 x7 h4f y89f ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to apply the ir<span class=\"_ _2b\"></span>revocable elect<span class=\"_ _2b\"></span>ion in IFRS 9 to prese<span class=\"_ _0\"></span>nt subseq<span class=\"_ _0\"></span>uent</div>\n<div class=\"t m0 x7 h4f y8a0 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">changes <span class=\"_ _2b\"></span>in their fair val<span class=\"_ _2b\"></span>ue in other co<span class=\"_ _0\"></span>mprehe<span class=\"_ _0\"></span>nsive inc<span class=\"_ _2b\"></span>ome (rather th<span class=\"_ _0\"></span>an in</div>\n<div class=\"t m0 x7 h4f y8a1 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement). <span class=\"_ _0\"></span>On the d<span class=\"_ _0\"></span>ate of der<span class=\"_ _2b\"></span>ecognition of i<span class=\"_ _2b\"></span>nvestments in<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y8a2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity ins<span class=\"_ _2b\"></span>truments, for whic<span class=\"_ _2b\"></span>h Ageas elected to p<span class=\"_ _0\"></span>resent su<span class=\"_ _0\"></span>bseque<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y8a3 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">changes <span class=\"_ _2b\"></span>in their fair val<span class=\"_ _2b\"></span>ue in other co<span class=\"_ _0\"></span>mprehe<span class=\"_ _0\"></span>nsive inc<span class=\"_ _2b\"></span>ome, Ageas</div>\n<div class=\"t m0 x1a h4f y8a4 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">intends to recl<span class=\"_ _2\"></span>assify the unrealised gain<span class=\"_ _2\"></span>s or losses that were previousl<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x1a h4f y8a5 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recognised in<span class=\"_ _2\"></span>\u00a0other comprehensive income<span class=\"_ _2\"></span>\u00a0from other comprehensive</div>\n<div class=\"t m0 x1a h4f y8a6 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income to r<span class=\"_ _0\"></span>etained ea<span class=\"_ _0\"></span>rnings.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y8a7 ff6a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets <span class=\"ls0 ws0\">\u2013 </span>loss allowanc<span class=\"_ _0\"></span>e for <span class=\"lse2 wsfa\">expected credi<span class=\"_ _2\"></span>t losses<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8a8 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 9 r<span class=\"_ _0\"></span>eplaces t<span class=\"_ _2b\"></span>he \u2018incurred <span class=\"_ _0\"></span>loss\u2019 mod<span class=\"_ _2b\"></span>el in IAS 3<span class=\"lse2 ws103\">9 with a forward </span></div>\n<div class=\"t m0 x1a h4f y8a9 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">looking \u2018e<span class=\"_ _2b\"></span>xpected credit los<span class=\"_ _0\"></span>s\u2019 model.<span class=\"_ _0\"></span>\u00a0The new exp<span class=\"_ _2b\"></span>ected credit loss</div>\n<div class=\"t m0 x1a h4f y8aa ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">model app<span class=\"_ _0\"></span>lies to in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span>s in debt ins<span class=\"_ _0\"></span>trument<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at are meas<span class=\"_ _2b\"></span>ured at</div>\n<div class=\"t m0 x1a h4f y8ab ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost <span class=\"_ _0\"></span>or at fai<span class=\"_ _0\"></span>r value t<span class=\"_ _2b\"></span>hrough other c<span class=\"_ _0\"></span>omprehe<span class=\"_ _2b\"></span>nsive income, t<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x1a h4f y8ac ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">lease recei<span class=\"_ _2\"></span>vables, trade recei<span class=\"_ _2\"></span>v<span class=\"lse0 wsf0\">abl<span class=\"_ _0\"></span>es and cont<span class=\"_ _0\"></span>ract ass<span class=\"_ _0\"></span>ets. Invest<span class=\"_ _2b\"></span>ments in </span></div>\n<div class=\"t m0 x1a h4f y8ad ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">equity <span class=\"_ _0\"></span>instrume<span class=\"_ _2b\"></span>nts are out of sc<span class=\"_ _2b\"></span>ope of the exp<span class=\"_ _0\"></span>ected c<span class=\"_ _0\"></span>redit lo<span class=\"_ _0\"></span>ss mod<span class=\"_ _0\"></span>el.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ae ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8af ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">IFRS 9 requires an e<span class=\"_ _2\"></span>ntity to recognise a lo<span class=\"_ _2\"></span>ss allowance at an amount</div>\n<div class=\"t m0 x1a h4f y8b0 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equal to<span class=\"_ _2\"></span>\u00a012<span class=\"ls0 ws0\">-</span><span class=\"lse0\">month <span class=\"_ _0\"></span>expecte<span class=\"_ _0\"></span>d credit <span class=\"_ _0\"></span>losses f<span class=\"_ _2b\"></span>or investment<span class=\"_ _2b\"></span>s in debt </span></div>\n<div class=\"t m0 x1a h4f y8b1 ff68 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>e<span class=\"wsf0\">nts for whi<span class=\"_ _2b\"></span>ch <span class=\"_ _2\"></span>the c<span class=\"_ _0\"></span>redit ris<span class=\"_ _0\"></span>k has not inc<span class=\"_ _2b\"></span>reased signific<span class=\"_ _0\"></span>antly si<span class=\"_ _0\"></span>nce </span></div>\n<div class=\"t m0 x1a h4f y8b2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">their init<span class=\"_ _0\"></span>ial recog<span class=\"_ _0\"></span>nition (i<span class=\"_ _0\"></span>.e. class<span class=\"_ _0\"></span>ified in St<span class=\"_ _0\"></span>age 1). For in<span class=\"_ _2b\"></span>vestments in</div>\n<div class=\"t m0 x1a h4f y8b3 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">debt instrumen<span class=\"_ _2\"></span>ts for which the credit risk ha<span class=\"_ _2\"></span>s increased significan<span class=\"_ _2\"></span>tly</div>\n<div class=\"t m0 x1a h4f y8b4 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">since their ini<span class=\"_ _2\"></span>tial recognition (i.e.<span class=\"_ _2\"></span>\u00a0clas<span class=\"lse0 wsf0\">sifi<span class=\"_ _2b\"></span>ed in Stage 2) or for inves<span class=\"_ _0\"></span>tments </span></div>\n<div class=\"t m0 x1a h4f y8b5 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in debt i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>at are in <span class=\"_ _2b\"></span>default, for ex<span class=\"_ _2b\"></span>ample becaus<span class=\"_ _0\"></span>e of mat<span class=\"_ _0\"></span>erial</div>\n<div class=\"t m0 x1a h4f y8b6 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">arrears i<span class=\"_ _0\"></span>n contract<span class=\"_ _2b\"></span>ual payments (i.e.<span class=\"_ _0\"></span>\u00a0classif<span class=\"_ _0\"></span>ied in Stag<span class=\"_ _0\"></span>e 3), Ageas<span class=\"_ _0\"></span>\u00a0will</div>\n<div class=\"t m0 x1a h4f y8b7 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>se a loss all<span class=\"_ _0\"></span>owance at a<span class=\"_ _0\"></span>n amount eq<span class=\"_ _2b\"></span>ual to lifetime expec<span class=\"_ _0\"></span>ted</div>\n<div class=\"t m0 x1a h4f y8b8 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">credi<span class=\"lse1 ws104\">t losses.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y8b9 ff6a fs3a fc1f sc0 ls102 ws115\" style=\"z-index: 15;\">Financial<span class=\"_ _2\"></span>\u00a0liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ba ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 9 will not have a s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>ant impac<span class=\"_ _0\"></span>t on the</div>\n<div class=\"t m0 x1a h4f y8bb ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment and c<span class=\"_ _0\"></span>lassific<span class=\"_ _2b\"></span>ation of <span class=\"lse2 wsf1\">Ageas's <span class=\"_ _2\"></span><span class=\"ws103\">financial liabilities.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h55 y8bc ff6a fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Hedge accoun<span class=\"_ _2\"></span>ting<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8bd ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As from the annual r<span class=\"_ _2\"></span>eporting period starting<span class=\"_ _2\"></span>\u00a0on 1 January 2023, Ageas</div>\n<div class=\"t m0 x1a h4f y8be ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">intends to also<span class=\"_ _2\"></span>\u00a0adopt the requirements on hedg<span class=\"_ _2\"></span>e accounting in IFRS 9.</div>\n<div class=\"t m0 x1a h4f y8bf ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">This <span class=\"wsfa\">is <span class=\"_ _2\"></span>not expected<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span>\u00a0</span></span><span class=\"ws103\">result in a signif<span class=\"_ _2\"></span>icant impact compared to the<span class=\"_ _2\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8c0 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">current<span class=\"_ _0\"></span>\u00a0applicat<span class=\"_ _2b\"></span>ion of the hedge acco<span class=\"_ _0\"></span>unting r<span class=\"lse2 ws103\">equirements in IAS 39.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y8c1 ff6a fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impact asse<span class=\"_ _2\"></span>ssment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8c2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The estim<span class=\"_ _2b\"></span>ated impact of the ado<span class=\"_ _0\"></span>ption of IF<span class=\"_ _0\"></span>RS 9 by the subsi<span class=\"_ _2b\"></span>diaries of</div>\n<div class=\"t m0 x1a h4f y8c3 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas at th<span class=\"_ _0\"></span>e transi<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. 1 Janua<span class=\"_ _0\"></span>ry 2022) is c<span class=\"_ _0\"></span>larified b<span class=\"_ _0\"></span>elow in</div>\n<div class=\"t m0 x1a h4f y8c4 ff68 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">secti<span class=\"_ _2\"></span>on<span class=\"ls0 ws0\">\u00a0<span class=\"ls104 ws126\">D.</span>\u00a0\u2018<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Est<span class=\"_ _0\"></span>imated i<span class=\"_ _0\"></span>mpact of th<span class=\"_ _0\"></span>e adoption of I<span class=\"_ _0\"></span>FRS 9 &amp; IFRS 17 o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>1 </span></span></div>\n<div class=\"t m0 x1a h4f y8c5 ff68 fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">Ja<span class=\"lse2 wsfa\">nuary 2022\u2019.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8c6 ff68 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">C.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1b8\">\u00a0</span><span class=\"lsfa ws114\">IFRS<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">17 \u2018Ins<span class=\"_ _2b\"></span>urance contracts<span class=\"_ _2b\"></span>\u2019<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y8c7 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The IASB i<span class=\"_ _2\"></span>ssued IFRS 17 \u2018Ins<span class=\"_ _2\"></span>urance contracts\u2019 i<span class=\"_ _2\"></span>n May 2017 and</div>\n<div class=\"t m0 x1a h4f y8c8 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amended IFRS 17<span class=\"_ _2\"></span>\u00a0in June 2020. IFRS 17 will replace<span class=\"_ _2\"></span>\u00a0IFRS 4 for annual</div>\n<div class=\"t m0 x1a h4f y8c9 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>ods start<span class=\"_ _2b\"></span>ing on 1 Janua<span class=\"_ _0\"></span>ry 2023, <span class=\"_ _2b\"></span>which is also t<span class=\"_ _2b\"></span>he date as</div>\n<div class=\"t m0 x1a h4f y8ca ff68 fs3a fc14 sc0 ls104 ws116\" style=\"z-index: 15;\">from wh<span class=\"lse2 wsfa\">en Ageas will<span class=\"_ _2\"></span>\u00a0apply IFRS 17.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 361px; height: 745px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 361px; height: 745px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The EU endo<span class=\"_ _0\"></span>rsed IFR<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>17, i<span class=\"_ _0\"></span>ncludin<span class=\"_ _0\"></span>g the June 20<span class=\"_ _0\"></span>20 amendm<span class=\"_ _2b\"></span>ents, in</div>\n<div class=\"t m0 x7 h4f y803 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">November 2021<span class=\"_ _2\"></span>. This endorsemen<span class=\"_ _2\"></span>t includes an (op<span class=\"_ _2\"></span>tional) European</div>\n<div class=\"t m0 x7 h4f y804 ff6d fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">carve<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">out of the annual cohor<span class=\"_ _2\"></span>t requirement in IFRS 17 for grou<span class=\"_ _2\"></span>ps of </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts with di<span class=\"_ _0\"></span>rect part<span class=\"_ _2b\"></span>icipating featur<span class=\"_ _2b\"></span>es and groups of</div>\n<div class=\"t m0 x7 h4f y806 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent contracts<span class=\"_ _0\"></span>\u00a0with dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary part<span class=\"_ _2b\"></span>icipation fe<span class=\"_ _2b\"></span>atures and with</div>\n<div class=\"t m0 x7 h4f y807 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws that<span class=\"_ _0\"></span>\u00a0affect or <span class=\"_ _2b\"></span>are affected <span class=\"_ _0\"></span>by cash fl<span class=\"_ _2b\"></span>ows to policyh<span class=\"_ _0\"></span>olders <span class=\"_ _0\"></span>of</div>\n<div class=\"t m0 x7 h4f y808 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>ontracts<span class=\"_ _0\"></span>. Ageas<span class=\"_ _0\"></span>\u00a0intends t<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">o<span class=\"_ _2\"></span>\u00a0apply this carve<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">out for a limited set<span class=\"_ _0\"></span>\u00a0of </span></span></span></div>\n<div class=\"t m0 x7 h4f y809 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts with di<span class=\"_ _0\"></span>rect part<span class=\"_ _2b\"></span>icipation featur<span class=\"_ _2b\"></span>es, to align with loca<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x7 h4f y80a ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>actice.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y8cd ff6f fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Scope <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y8ce ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 \u2018I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s\u2019 appli<span class=\"_ _0\"></span>es to<span class=\"ls0 ws0\">\u00a0: </span></div>\n<div class=\"t m0 x7 h4f y882 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 ws103\">In<span class=\"_ _2\"></span>surance contracts, includ<span class=\"_ _2\"></span>ing reinsurance contrac<span class=\"_ _2\"></span>ts issued;</span><span class=\"ff6d\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y883 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsf1\">R<span class=\"_ _2\"></span>einsura<span class=\"lse0 wsf0\">nce cont<span class=\"_ _0\"></span>racts hel<span class=\"_ _0\"></span>d; and<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f y884 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts with di<span class=\"_ _0\"></span>scretio<span class=\"_ _0\"></span>nary p<span class=\"_ _0\"></span>articip<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>eatures </span></span></div>\n<div class=\"t m0 x43 h4f y885 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issued. T<span class=\"_ _0\"></span>hese are i<span class=\"_ _0\"></span>n the scope of IF<span class=\"_ _0\"></span>RS 17 only<span class=\"_ _0\"></span>\u00a0if the issuer al<span class=\"_ _2b\"></span>so</div>\n<div class=\"t m0 x43 h4f y886 ff6d fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">issue<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _2b\"></span>acts.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y8cf ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y8d0 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All refere<span class=\"_ _2b\"></span>nces below to \u2018insu<span class=\"_ _0\"></span>rance cont<span class=\"_ _0\"></span>racts\u2019 e<span class=\"_ _2b\"></span>qually apply to</div>\n<div class=\"t m0 x7 h4f y8d1 ff6d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ance<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">cont<span class=\"_ _0\"></span>racts (b<span class=\"_ _0\"></span>oth reinsu<span class=\"_ _2b\"></span>rance contracts<span class=\"_ _0\"></span>\u00a0held and reins<span class=\"_ _2b\"></span>urance </span></div>\n<div class=\"t m0 x7 h4f y8d2 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s issued) and i<span class=\"_ _2b\"></span>nvestment cont<span class=\"_ _2b\"></span>racts with <span class=\"lse2 wsf1\">discretionary </span></div>\n<div class=\"t m0 x7 h4f y8d3 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures, unl<span class=\"_ _0\"></span>ess stat<span class=\"_ _0\"></span>ed other<span class=\"_ _0\"></span>wise.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y88c ff6f fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Separat<span class=\"_ _0\"></span>ing com<span class=\"_ _0\"></span>ponents f<span class=\"_ _2b\"></span>rom an insuranc<span class=\"_ _2b\"></span>e contract<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y88d ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">An insur<span class=\"_ _0\"></span>ance co<span class=\"_ _2b\"></span>ntract may <span class=\"lse2\">include one or<span class=\"_ _2\"></span>\u00a0more components tha<span class=\"_ _2\"></span>t need </span></div>\n<div class=\"t m0 x7 h4f y88e ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to be sep<span class=\"_ _2b\"></span>arated from th<span class=\"_ _0\"></span>e host ins<span class=\"_ _2b\"></span>urance contr<span class=\"_ _0\"></span>act and b<span class=\"_ _0\"></span>e account<span class=\"_ _2b\"></span>ed for</div>\n<div class=\"t m0 x7 h4f y88f ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g anoth<span class=\"_ _0\"></span>er IFRS st<span class=\"_ _2b\"></span>andard than<span class=\"_ _0\"></span>\u00a0IFRS 17. <span class=\"_ _0\"></span>At cont<span class=\"_ _2b\"></span>ract inception,</div>\n<div class=\"t m0 x7 h4f y890 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas assesses on<span class=\"_ _2\"></span>\u00a0a contract<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">by</span>-</span>contra<span class=\"_ _2\"></span>ct basis whether this might be</div>\n<div class=\"t m0 x7 h4f y891 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the case<span class=\"wsfa\">. Examp<span class=\"_ _2\"></span>les of component<span class=\"_ _2\"></span>s that may require<span class=\"_ _2\"></span>\u00a0separation are:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y892 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">Not closely relat<span class=\"_ _0\"></span>ed embed<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>atives;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y893 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">Distinct invest<span class=\"_ _0\"></span>ment comp<span class=\"_ _0\"></span>onents (I<span class=\"_ _2b\"></span>FRS 17 provides the crit<span class=\"_ _2b\"></span>eria to </span></span></div>\n<div class=\"t m0 x43 h4f y894 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ne when a non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">insurance<span class=\"_ _2\"></span>\u00a0component is distinct from<span class=\"_ _2\"></span>\u00a0the </span></span></div>\n<div class=\"t m0 x43 h4f y895 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">host cont<span class=\"_ _0\"></span>ract); an<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y896 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsf1\">Pr<span class=\"_ _2\"></span>omises <span class=\"ws103\">to transfer<span class=\"_ _2\"></span>\u00a0distinct goods or services o<span class=\"_ _2\"></span>ther than insurance </span></span></span></div>\n<div class=\"t m0 x43 h4f y897 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract servi<span class=\"_ _2\"></span>ces to a policyholder.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y898 ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y899 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Separat<span class=\"_ _0\"></span>ed embed<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>atives an<span class=\"_ _0\"></span>d distinct<span class=\"_ _0\"></span>\u00a0investm<span class=\"_ _0\"></span>ent comp<span class=\"_ _0\"></span>onents</div>\n<div class=\"t m0 x7 h4f y89a ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are accou<span class=\"_ _2b\"></span>nted for as if they were sta<span class=\"_ _2b\"></span>nd<span class=\"ls0 ws0\">-</span>alone financial i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y89b ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y89c ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">After th<span class=\"_ _2b\"></span>e above steps,<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">Ageas separates from the hos<span class=\"_ _2\"></span>t insurance contract </span></span></div>\n<div class=\"t m0 x7 h4f y89d ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any promis<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to tr<span class=\"_ _0\"></span>ansfer dis<span class=\"_ _0\"></span>tinct go<span class=\"_ _0\"></span>ods or servic<span class=\"_ _2b\"></span>es other than insur<span class=\"_ _0\"></span>ance</div>\n<div class=\"t m0 x7 h4f y89e ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract servi<span class=\"_ _2\"></span>ces to a policyholder (such as pen<span class=\"_ _2\"></span>sion administration, ri<span class=\"_ _2\"></span>sk</div>\n<div class=\"t m0 x7 h4f y89f ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">management, as<span class=\"_ _2\"></span>sistance, asset management or cu<span class=\"_ _2\"></span>stody services) and</div>\n<div class=\"t m0 x7 h4f y8a0 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>em as se<span class=\"_ _0\"></span>parate c<span class=\"_ _2b\"></span>ontracts with <span class=\"_ _0\"></span>custom<span class=\"_ _0\"></span>ers (i.e. <span class=\"_ _0\"></span>not as</div>\n<div class=\"t m0 x7 h4f y8a1 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontracts), applying <span class=\"_ _2\"></span>IFRS 15<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">\u2018Revenue f<span class=\"_ _2\"></span>rom contracts with </span></div>\n<div class=\"t m0 x7 h4f y8a2 ff6d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">customers\u2019<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h55 y8d4 ff6f fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Level of <span class=\"_ _2\"></span>aggregation<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y8d5 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For prese<span class=\"_ _2b\"></span>ntation and measur<span class=\"_ _2b\"></span>ement purposes,<span class=\"_ _0\"></span>\u00a0Ageas id<span class=\"_ _0\"></span>entifie<span class=\"_ _0\"></span>s portfol<span class=\"_ _2b\"></span>ios</div>\n<div class=\"t m0 x7 h4f y8d6 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and groups<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">of ins<span class=\"_ _2b\"></span>urance contrac<span class=\"_ _0\"></span>ts.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y8d7 ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8d8 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A portfol<span class=\"_ _0\"></span>io of insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts incl<span class=\"_ _2b\"></span>udes contracts th<span class=\"_ _2b\"></span>at are subject to</div>\n<div class=\"t m0 x1a h4f y8d9 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">similar ris<span class=\"_ _2\"></span>k and that are managed together.</div>\n<div class=\"t m0 xad h6b y8da ff71 fs47 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0<span class=\"ff6d fs3a lse2 ws103\">Portfoli<span class=\"_ _2\"></span>os of insurance </span></div>\n<div class=\"t m0 x1a h4f y8db ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s are identif<span class=\"_ _0\"></span>ied at t<span class=\"_ _0\"></span>he level <span class=\"_ _0\"></span>of the iss<span class=\"_ _0\"></span>uing e<span class=\"_ _0\"></span>ntity. E<span class=\"_ _0\"></span>xamples o<span class=\"_ _2b\"></span>f</div>\n<div class=\"t m0 x1a h4f y8dc ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">portfol<span class=\"_ _0\"></span>ios in t<span class=\"lse2 wsf1\">he <span class=\"ls0 ws0\">N</span>on<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life bu<span class=\"_ _2\"></span>siness of Ageas are<span class=\"_ _2\"></span>\u00a0Accident, Health<span class=\"_ _2\"></span>, </span></span></div>\n<div class=\"t m0 x1a h4f y8dd ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Property, Mo<span class=\"_ _2\"></span>tor\u2026 Upon initial<span class=\"_ _2\"></span>\u00a0recognition, insurance<span class=\"_ _2\"></span>\u00a0contracts are</div>\n<div class=\"t m0 x1a h4f y8de ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">added to t<span class=\"_ _2b\"></span>he applicabl<span class=\"_ _0\"></span>e portfol<span class=\"_ _2b\"></span>io.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8df ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8e0 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For measuremen<span class=\"_ _2\"></span>t purposes, Ageas further di<span class=\"_ _2\"></span>vides portfolios of</div>\n<div class=\"t m0 x1a h4f y8e1 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts into g<span class=\"_ _0\"></span>roups of ins<span class=\"_ _0\"></span>urance co<span class=\"_ _2b\"></span>ntracts. A group of</div>\n<div class=\"t m0 x1a h4f y8e2 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts is dete<span class=\"_ _2b\"></span>rmined by first div<span class=\"_ _0\"></span>iding the po<span class=\"_ _0\"></span>rtfolio of<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y8e3 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontracts into annua<span class=\"_ _2\"></span>l cohorts (e.g. b<span class=\"_ _2\"></span>y year of issue),<span class=\"_ _2\"></span>\u00a0to</div>\n<div class=\"t m0 x1a h4f y8e4 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">guarant<span class=\"_ _0\"></span>ee that <span class=\"_ _0\"></span>each coh<span class=\"_ _0\"></span>ort does<span class=\"_ _0\"></span>\u00a0not incl<span class=\"_ _2b\"></span>ude contracts t<span class=\"_ _2b\"></span>hat are issued</div>\n<div class=\"t m0 x1a h4f y8e5 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">more than one year<span class=\"_ _2\"></span>\u00a0ap<span class=\"lse0 wsf0\">art.<span class=\"_ _0\"></span>\u00a0Each annu<span class=\"_ _0\"></span>al cohort is t<span class=\"_ _0\"></span>hen furthe<span class=\"_ _2b\"></span>r divided </span></div>\n<div class=\"t m0 x1a h4f y8e6 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">into (a mini<span class=\"_ _0\"></span>mum of) thr<span class=\"_ _0\"></span>ee groups of in<span class=\"_ _2b\"></span>surance contract<span class=\"_ _2b\"></span>s, based on the</div>\n<div class=\"t m0 x1a h4f y8e7 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">expected pro<span class=\"_ _2\"></span>fitability of the underlying con<span class=\"_ _2\"></span>tracts:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8e8 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0group of insurance<span class=\"_ _2\"></span>\u00a0contracts that<span class=\"_ _2\"></span>\u00a0<span class=\"wsf1\">are</span></span><span class=\"ff6d\">\u00a0<span class=\"lse2 wsfa\">onerous at i<span class=\"_ _2\"></span>nitial </span></span></span></div>\n<div class=\"t m0 x6c h4f y8e9 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, if any; <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ea ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0group of insurance<span class=\"_ _2\"></span>\u00a0contracts that<span class=\"_ _2\"></span>\u00a0at initial recog<span class=\"_ _2\"></span>nition have no </span></span></div>\n<div class=\"t m0 x6c h4f y8eb ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span>\u00a0possibility of be<span class=\"_ _2\"></span>coming onerous sub<span class=\"_ _2\"></span>sequently, if any;<span class=\"_ _2\"></span>\u00a0and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ec ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">A group of the remain<span class=\"_ _2b\"></span>ing insurance cont<span class=\"_ _2b\"></span>racts, if any.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y8ed ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8ee ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts th<span class=\"_ _2b\"></span>at would fall int<span class=\"_ _2b\"></span>o different gr<span class=\"_ _0\"></span>oups on<span class=\"_ _0\"></span>ly becau<span class=\"_ _2b\"></span>se</div>\n<div class=\"t m0 x1a h4f y8ef ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">law or regu<span class=\"_ _0\"></span>lation s<span class=\"_ _0\"></span>pecific<span class=\"_ _0\"></span>ally const<span class=\"_ _2b\"></span>rains the practic<span class=\"_ _0\"></span>al ability<span class=\"_ _0\"></span>\u00a0of the issui<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y8f0 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">entity t<span class=\"_ _0\"></span>o set a dif<span class=\"_ _0\"></span>ferent<span class=\"_ _2b\"></span>\u00a0price or leve<span class=\"_ _0\"></span>l of benef<span class=\"_ _0\"></span>its for <span class=\"_ _0\"></span>policy<span class=\"_ _0\"></span>holders <span class=\"_ _0\"></span>with</div>\n<div class=\"t m0 x1a h4f y8f1 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nt chara<span class=\"_ _2b\"></span>cteristics are <span class=\"_ _0\"></span>includ<span class=\"_ _0\"></span>ed in the s<span class=\"_ _2b\"></span>ame g<span class=\"lse2 wsf1\">roup<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h55 y8f2 ff6f fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Recognition<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8f3 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rec<span class=\"_ _2b\"></span>ognises groups of<span class=\"_ _0\"></span>\u00a0insuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s and rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y8f4 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s issued (othe<span class=\"_ _0\"></span>r than i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt contracts wit<span class=\"_ _2b\"></span>h <span class=\"wsef\">discretion<span class=\"_ _0\"></span>ary </span></div>\n<div class=\"t m0 x1a h4f y8f5 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse2\">and reinsu<span class=\"_ _2\"></span>rance contracts held)<span class=\"_ _2\"></span>\u00a0on its </span></div>\n<div class=\"t m0 x1a h4f y8f6 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated st<span class=\"_ _2b\"></span>atement of fin<span class=\"_ _0\"></span>ancial p<span class=\"_ _0\"></span>osition<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">from the<span class=\"_ _2\"></span>\u00a0earliest of:</span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8f7 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">The beginning of t<span class=\"_ _0\"></span>heir cover<span class=\"_ _0\"></span>age peri<span class=\"_ _0\"></span>od;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y8f8 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsfa\">The date when t<span class=\"_ _2b\"></span>he first payment<span class=\"_ _0\"></span>\u00a0from a <span class=\"_ _0\"></span>policyh<span class=\"_ _0\"></span>older in t<span class=\"_ _2b\"></span>he group </span></span></div>\n<div class=\"t m0 x6c h4f y8f9 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">becomes<span class=\"_ _0\"></span>\u00a0due, or, wh<span class=\"_ _0\"></span>en there is no d<span class=\"_ _2b\"></span>ue date, when the first p<span class=\"_ _2b\"></span>ayment</div>\n<div class=\"t m0 x6c h4f y8fa ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from the <span class=\"_ _2\"></span>policyholder is re<span class=\"_ _2\"></span>ceived; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8fb ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">W<span class=\"_ _2\"></span>hen facts and circ<span class=\"_ _2\"></span>ums<span class=\"lse0 wsf0\">tanc<span class=\"_ _0\"></span>es indicat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>that<span class=\"_ _0\"></span>\u00a0the group of<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce </span></span></span></div>\n<div class=\"t m0 x6c h4f y8fc ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts becom<span class=\"_ _2\"></span>es onerous.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8fd ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8fe ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rec<span class=\"_ _2b\"></span>ognises groups of<span class=\"_ _0\"></span>\u00a0investme<span class=\"_ _0\"></span>nt contrac<span class=\"_ _0\"></span>ts with <span class=\"wsef\">dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary </span></div>\n<div class=\"t m0 x1a h4f y8ff ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">on its cons<span class=\"_ _0\"></span>olidated st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>\u00a0of financi<span class=\"_ _2b\"></span>al position </span></div>\n<div class=\"t m0 x1a h4f y900 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">when Ageas becom<span class=\"_ _2\"></span>es party to the contract<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h55 y901 ff6f fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Measurement app<span class=\"_ _2\"></span>roaches<span class=\"ls0 ws0\">\u00a0\u00a0</span></div>\n<div class=\"t m0 x1a h4f y902 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas measure<span class=\"_ _2\"></span>s groups of in<span class=\"_ _2\"></span>surance contracts us<span class=\"_ _2\"></span>ing the following<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y903 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measurement app<span class=\"_ _2\"></span>roaches:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y904 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he General Measurem<span class=\"_ _2\"></span>ent Model (GMM), a<span class=\"_ _2\"></span>lso referred to a<span class=\"_ _2\"></span>s </span></span></div>\n<div class=\"t m0 x6c h4f y905 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Buildi<span class=\"_ _0\"></span>ng Block App<span class=\"_ _0\"></span>roach (BB<span class=\"_ _0\"></span>A);<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y906 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he Premium Allocat<span class=\"_ _2\"></span>ion Approach (PAA);<span class=\"_ _2\"></span>\u00a0and</span><span class=\"ff6d\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y907 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he Variabl<span class=\"lse0 wsf0\">e Fee Approa<span class=\"_ _0\"></span>ch (VFA).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">General Mea<span class=\"_ _2\"></span>surement Model <span class=\"ls0 ws0\">\u2013<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">initi<span class=\"_ _2b\"></span>al measurement<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under the <span class=\"lse0 wsf0\">General Meas<span class=\"_ _0\"></span>urement<span class=\"_ _0\"></span>\u00a0Model, gro<span class=\"_ _0\"></span>ups of insu<span class=\"_ _0\"></span>rance c<span class=\"_ _0\"></span>ontracts </span></div>\n<div class=\"t m0 x7 h4f y804 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">are<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">measured on init<span class=\"_ _2b\"></span>ial recognition a<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>the t<span class=\"_ _0\"></span>otal of:<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse0 wsfa\">The present v<span class=\"_ _0\"></span>alue of t<span class=\"_ _2b\"></span>heir estimate<span class=\"_ _0\"></span>d future c<span class=\"_ _2b\"></span>ash flows;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse2 ws103\">An<span class=\"_ _2\"></span>\u00a0explicit <span class=\"lse1 wsf0\">risk </span>adjustment<span class=\"_ _2\"></span>\u00a0for non</span><span class=\"ff72\">-<span class=\"lse2 wsfa\">financial ri<span class=\"_ _2\"></span>sk; and</span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y807 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse2 wsf1\">T<span class=\"_ _2\"></span>he </span><span class=\"ff72\">c<span class=\"lse2 wsf1\">ontractual<span class=\"_ _2\"></span>\u00a0</span>s<span class=\"lse1 wsf0\">ervice </span>m<span class=\"lse2 ws103\">argin<span class=\"_ _2\"></span>\u00a0(CSM), unless the contract is<span class=\"_ _2\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x43 h4f y808 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">onerous. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y809 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The sum of the presen<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsfa\">value of<span class=\"_ _0\"></span>\u00a0<span class=\"lse2 wsf1\">the </span>estimates<span class=\"_ _0\"></span>\u00a0of futu<span class=\"_ _0\"></span>re cash f<span class=\"_ _0\"></span>lows an<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the risk<span class=\"_ _2\"></span>\u00a0adjustment for non<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">financ<span class=\"_ _2b\"></span>ial risk is referred t<span class=\"_ _0\"></span>o as the fulfi<span class=\"_ _0\"></span>lment </span></span></div>\n<div class=\"t m0 x7 h4f y80c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>\u00a0of the grou<span class=\"_ _0\"></span>p of contract<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80d ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80e ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The esti<span class=\"_ _0\"></span>mates of f<span class=\"_ _2b\"></span>uture cash fl<span class=\"_ _0\"></span>ows incl<span class=\"_ _2b\"></span>uded in the meas<span class=\"_ _2b\"></span>urement of a</div>\n<div class=\"t m0 x7 h4f y80f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">group of co<span class=\"_ _0\"></span>ntracts ar<span class=\"_ _2b\"></span>e determined by the gui<span class=\"_ _2b\"></span>dance in IFRS 17 on</div>\n<div class=\"t m0 x7 h4f y810 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract bounda<span class=\"_ _2\"></span>ries. For some product group<span class=\"_ _2\"></span>s, the guidance on contract<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y90a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">boundaries und<span class=\"_ _2\"></span>er<span class=\"ls0 ws0\">\u00a0</span>IFRS 17 differs from the<span class=\"_ _2\"></span>\u00a0current practice under IFRS<span class=\"_ _2\"></span>\u00a04</div>\n<div class=\"t m0 x7 h4f y90b ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or the (<span class=\"_ _2\"></span>shorter) contract boun<span class=\"_ _2\"></span>daries applicable<span class=\"_ _2\"></span>\u00a0under Solvency I<span class=\"_ _2\"></span>I.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90c ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y90d ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The cash flow and<span class=\"_ _2\"></span>\u00a0valuation modelling methodol<span class=\"_ _2\"></span>ogy used <span class=\"wsf1\">under<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">IF<span class=\"_ _2\"></span>RS </span></span></span></div>\n<div class=\"t m0 x7 h4f y90e ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">17 is si<span class=\"_ _0\"></span>milar to t<span class=\"_ _2b\"></span>he models <span class=\"lse2\">Ageas uses<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf1\">under<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span>Solve<span class=\"_ _2b\"></span>ncy II. For the</div>\n<div class=\"t m0 x7 h4f y90f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span>s in scope of t<span class=\"_ _0\"></span>he G<span class=\"lse2 wsfa\">eneral Measuremen<span class=\"_ _2\"></span>t Model<span class=\"lse0\">, the fix<span class=\"_ _0\"></span>ed cash </span></span></div>\n<div class=\"t m0 x7 h4f y910 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">flows are<span class=\"_ _2\"></span>\u00a0modelled <span class=\"lse0\">on a </span><span class=\"wsf1\">contract<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">by</span>-<span class=\"lse0 wsef\">contract</span>\u00a0<span class=\"ls102 ws11d\">basis<span class=\"lsfc ws121\">. Ne<span class=\"_ _2\"></span>xt,</span></span>\u00a0</span>these </span></div>\n<div class=\"t m0 x7 h4f y911 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">projected <span class=\"_ _2\"></span>cash flows are g<span class=\"_ _2\"></span>rouped in meaningf<span class=\"_ _2\"></span>ul model points.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span><span class=\"lse0\">The c<span class=\"_ _2b\"></span>ash </span></div>\n<div class=\"t m0 x7 h4f y912 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows rel<span class=\"_ _0\"></span>ated to thes<span class=\"_ _0\"></span>e model poi<span class=\"_ _0\"></span>nts are stoc<span class=\"_ _2b\"></span>hastically pro<span class=\"_ _2b\"></span>jected to derive</div>\n<div class=\"t m0 x7 h4f y913 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the varia<span class=\"_ _0\"></span>ble cash fl<span class=\"_ _0\"></span>ows and the o<span class=\"_ _0\"></span>ption adj<span class=\"_ _0\"></span>usted val<span class=\"_ _0\"></span>ue (at total<span class=\"_ _0\"></span>\u00a0portfoli<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x7 h4f y914 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">level or for a<span class=\"_ _2\"></span>\u00a0group of new bu<span class=\"lse0 wsfa\">siness<span class=\"_ _0\"></span>). Both t<span class=\"_ _2b\"></span>he cash flows<span class=\"_ _0\"></span>\u00a0and val<span class=\"_ _0\"></span>uation </span></div>\n<div class=\"t m0 x7 h4f y915 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">captur<span class=\"_ _0\"></span>e the de<span class=\"_ _0\"></span>pendency<span class=\"_ _0\"></span>\u00a0to risk <span class=\"_ _0\"></span>neutral f<span class=\"_ _2b\"></span>inancial vari<span class=\"_ _2b\"></span>able movement<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y916 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(e.g. inte<span class=\"_ _2b\"></span>rest rates, share p<span class=\"_ _0\"></span>rice move<span class=\"_ _0\"></span>ments, rea<span class=\"_ _0\"></span>l estate v<span class=\"_ _0\"></span>aluatio<span class=\"_ _2b\"></span>n).</div>\n<div class=\"t m0 x7 h4f y917 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Finally<span class=\"_ _0\"></span>, the va<span class=\"_ _0\"></span>riable c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s are al<span class=\"_ _0\"></span>located t<span class=\"_ _2b\"></span>o the groups of<span class=\"_ _0\"></span>\u00a0contrac<span class=\"_ _0\"></span>ts</div>\n<div class=\"t m0 x7 h4f y918 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">re<span class=\"lse2 ws103\">cognised under IFRS 17<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y919 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y91a ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The met<span class=\"_ _0\"></span>hods an<span class=\"_ _0\"></span>d proces<span class=\"_ _0\"></span>ses use<span class=\"_ _0\"></span>d for th<span class=\"_ _0\"></span>e project<span class=\"_ _2b\"></span>ion and valuati<span class=\"_ _0\"></span>on <span class=\"lsf4 ws10c\">of </span></div>\n<div class=\"t m0 x7 h4f y91b ff72 fs3a fc14 sc0 lse1 ws104\" style=\"z-index: 15;\">cash flows <span class=\"lse2 wsfa\">are overseen an<span class=\"_ _2\"></span>d validated by the<span class=\"_ _2\"></span>\u00a0Model Control Boar<span class=\"_ _2\"></span>d of </span></div>\n<div class=\"t m0 x7 h4f y91c ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas. Any<span class=\"_ _2\"></span>\u00a0changes in the <span class=\"_ _2\"></span>methods and process<span class=\"_ _2\"></span>es for estimating <span class=\"_ _2\"></span>inputs</div>\n<div class=\"t m0 x7 h4f y91d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">used to m<span class=\"_ _2b\"></span>easure contrac<span class=\"_ _0\"></span>ts,<span class=\"ls0 ws0\">\u00a0</span>the re<span class=\"_ _0\"></span>ason f<span class=\"_ _0\"></span>or each c<span class=\"_ _0\"></span>hange,<span class=\"_ _0\"></span>\u00a0and the t<span class=\"_ _0\"></span>ype of</div>\n<div class=\"t m0 x7 h4f y91e ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>aff<span class=\"_ _0\"></span>ected ar<span class=\"_ _0\"></span>e docume<span class=\"_ _0\"></span>nted and val<span class=\"_ _0\"></span>idated.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91f ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y920 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The subsi<span class=\"_ _0\"></span>diaries of<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>Ageas<span class=\"_ _0\"></span>\u00a0will deter<span class=\"_ _2b\"></span>mine the present val<span class=\"_ _0\"></span>ue of <span class=\"lse2 wsf1\">the </span></div>\n<div class=\"t m0 x7 h4f y921 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es of future cash flo<span class=\"_ _0\"></span>ws using di<span class=\"_ _0\"></span>scount <span class=\"wsef\">cur<span class=\"_ _0\"></span>ves<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">that are det<span class=\"_ _2\"></span>ermined </span></span></span></div>\n<div class=\"t m0 x7 h4f y922 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using a top<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">down metho<span class=\"lse2 wsfa\">dology, aligning to th<span class=\"_ _2\"></span>e methodology used<span class=\"_ _2\"></span>\u00a0under </span></span></span></div>\n<div class=\"t m0 x7 h4f y923 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Solvency <span class=\"_ _2\"></span>II pillar 2.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y924 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y925 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The risk adju<span class=\"_ _2\"></span>stment for non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">financi<span class=\"_ _0\"></span>al risk ref<span class=\"_ _2b\"></span>lects the co<span class=\"_ _0\"></span>mpensat<span class=\"_ _0\"></span>ion that<span class=\"_ _0\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y926 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas req<span class=\"_ _0\"></span>uires fo<span class=\"_ _0\"></span>r bearing un<span class=\"_ _0\"></span>certai<span class=\"_ _0\"></span>nty about t<span class=\"_ _0\"></span>he amount an<span class=\"_ _0\"></span>d timing of</div>\n<div class=\"t m0 x7 h4f y927 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cash f<span class=\"_ _2b\"></span>lows of the gr<span class=\"_ _0\"></span>oup of ins<span class=\"_ _2b\"></span>urance c<span class=\"wsf0\">ontract<span class=\"_ _0\"></span>s that aris<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>fro<span class=\"_ _0\"></span>m non<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x7 h4f y928 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al risk. It c<span class=\"_ _0\"></span>overs ins<span class=\"_ _0\"></span>urance ris<span class=\"_ _2b\"></span>k and other non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">financial risks,<span class=\"_ _2\"></span>\u00a0such </span></span></div>\n<div class=\"t m0 x7 h4f y929 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as lapse and ex<span class=\"_ _2b\"></span>pense risk.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y92a ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y92b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The subsi<span class=\"_ _0\"></span>diaries of<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>Ageas<span class=\"_ _0\"></span>\u00a0will calc<span class=\"_ _0\"></span>ulate the ri<span class=\"_ _0\"></span>sk adjustm<span class=\"_ _2b\"></span>ent for non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y92c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al risk usi<span class=\"_ _0\"></span>ng a confide<span class=\"_ _0\"></span>nce level ap<span class=\"_ _0\"></span>proach,<span class=\"_ _0\"></span>\u00a0target<span class=\"_ _0\"></span>ing the 75</div>\n<div class=\"t m0 x75 h64 y92d ff72 fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">th</div>\n<div class=\"t m0 x215 h4f y92e ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y92f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">percent<span class=\"_ _0\"></span>ile. No gro<span class=\"_ _0\"></span>up divers<span class=\"_ _0\"></span>ificati<span class=\"_ _0\"></span>on effect<span class=\"_ _0\"></span>s are appl<span class=\"_ _0\"></span>ied. Subj<span class=\"_ _0\"></span>ect to</div>\n<div class=\"t m0 x1a h4f y930 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">appropri<span class=\"_ _2b\"></span>ate manageme<span class=\"_ _0\"></span>nt level a<span class=\"_ _2b\"></span>pproval, the ri<span class=\"_ _0\"></span>sk adjus<span class=\"_ _0\"></span>tment s<span class=\"_ _0\"></span>hould</div>\n<div class=\"t m0 x1a h4f y931 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">include an allow<span class=\"_ _2\"></span>ance to adequately reflect<span class=\"_ _2\"></span>\u00a0emerging risks and</div>\n<div class=\"t m0 x1a h4f y932 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ainties.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y933 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y934 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ls0 ws0\">c</span>on<span class=\"_ _2\"></span>tractual <span class=\"ls0 ws0\">s<span class=\"lse1 wsf0\">ervice <span class=\"_ _2\"></span></span>m<span class=\"lse0 wsef\">ar</span></span><span class=\"wsfa\">gin (</span>CSM<span class=\"ls0 ws0\">) </span><span class=\"wsfa\">rep<span class=\"_ _2\"></span>resents the unearne<span class=\"_ _2\"></span>d profit on </span></div>\n<div class=\"t m0 x1a h4f y935 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">a group o<span class=\"_ _2\"></span>f insurance cont<span class=\"_ _2\"></span>racts.<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">As a direct conseque<span class=\"_ _2\"></span>nce of the </span></div>\n<div class=\"t m0 x1a h4f y936 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion of <span class=\"wsfa\">a contract<span class=\"_ _0\"></span>ual serv<span class=\"_ _0\"></span>ice marg<span class=\"_ _2b\"></span>in<span class=\"wsf0\">, any day one gains in t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f y937 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fulfilm<span class=\"_ _2b\"></span>ent cash flows are def<span class=\"_ _0\"></span>erred. <span class=\"lse2 ws103\">Ageas will recognise th<span class=\"ls0 ws0\">e<span class=\"_ _2\"></span>\u00a0</span><span class=\"wsf1\">unearned </span></span></div>\n<div class=\"t m0 x1a h4f y938 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">profit <span class=\"lse2 wsf1\">on<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">a group o<span class=\"_ _2\"></span>f insurance contrac<span class=\"_ _2\"></span>ts <span class=\"ls102 ws129\">in its<span class=\"ls0 ws0\">\u00a0</span></span></span>consol<span class=\"_ _2\"></span>idated<span class=\"ls0 ws0\">\u00a0</span></span>income</div>\n<div class=\"t m0 x1a h4f y939 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt over the per<span class=\"_ _2b\"></span>iod that it prov<span class=\"_ _0\"></span>ides ins<span class=\"_ _2b\"></span>urance contra<span class=\"_ _0\"></span>ct serv<span class=\"_ _0\"></span>ices.</div>\n<div class=\"t m0 x1a h4f y93a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Weighted coverage<span class=\"_ _2\"></span>\u00a0units <span class=\"ls106 ws10c\">will be<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"wsfa\">used for multi<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>cover insurance </span></div>\n<div class=\"t m0 x1a h4f y93b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span>s, when rel<span class=\"_ _2b\"></span>evant to have a result p<span class=\"_ _0\"></span>rofile in l<span class=\"_ _0\"></span>ine with the n<span class=\"_ _0\"></span>ature of</div>\n<div class=\"t m0 x1a h4f y93c ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cont<span class=\"_ _0\"></span>ract. Ot<span class=\"_ _2b\"></span>herwise, the m<span class=\"_ _2b\"></span>ost relevant si<span class=\"_ _2b\"></span>ngle covera<span class=\"_ _0\"></span>ge unit <span class=\"ls106 ws115\">w<span class=\"_ _0\"></span>ill be<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y93d ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">used.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y93e ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y93f ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"wsfa\">contra<span class=\"_ _2\"></span>ctual service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">of a grou<span class=\"_ _0\"></span>p of insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cont<span class=\"_ _2b\"></span>racts can </span></span></span></div>\n<div class=\"t m0 x1a h4f y940 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">never b<span class=\"_ _0\"></span>e negativ<span class=\"_ _2b\"></span>e. In such a sit<span class=\"_ _0\"></span>uation,<span class=\"_ _2b\"></span>\u00a0the group of ins<span class=\"_ _2b\"></span>urance contr<span class=\"_ _2b\"></span>acts</div>\n<div class=\"t m0 x1a h4f y941 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is onerou<span class=\"_ _2\"></span>s (i.e. bein<span class=\"lse0 wsf0\">g in a loss positi<span class=\"_ _0\"></span>on), and any l<span class=\"_ _2b\"></span>oss is immediately<span class=\"_ _0\"></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y942 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y943 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">General Mea<span class=\"_ _2\"></span>surement Model <span class=\"ls0 ws0\">\u2013<span class=\"_ _2\"></span>\u00a0</span>subsequent measur<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y944 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The carry<span class=\"_ _2b\"></span>ing amount of a <span class=\"_ _2b\"></span>group of insur<span class=\"_ _0\"></span>ance co<span class=\"_ _0\"></span>ntracts <span class=\"_ _0\"></span>at a rep<span class=\"_ _0\"></span>orting</div>\n<div class=\"t m0 x1a h4f y945 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date is t<span class=\"_ _0\"></span>he sum of<span class=\"_ _0\"></span>\u00a0the lia<span class=\"_ _0\"></span>bility f<span class=\"_ _2b\"></span>or remaining c<span class=\"_ _0\"></span>o<span class=\"lse2\">verage, includi<span class=\"_ _2\"></span>ng any </span></div>\n<div class=\"t m0 x1a h4f y946 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>ual service mar<span class=\"_ _0\"></span>gin or loss co<span class=\"_ _0\"></span>mponent,<span class=\"_ _0\"></span>\u00a0and the liab<span class=\"_ _0\"></span>ility fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f y947 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d claims<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y948 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y949 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fulfil<span class=\"_ _2b\"></span>ment cash flows are r<span class=\"_ _0\"></span>emeasu<span class=\"_ _0\"></span>red at ever<span class=\"_ _0\"></span>y reporti<span class=\"_ _2b\"></span>ng period using</div>\n<div class=\"t m0 x1a h4f y94a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">current estima<span class=\"_ _2\"></span>tes of future cash flows, cur<span class=\"_ _2\"></span>rent discount rates and <span class=\"wsf1\">cur<span class=\"_ _2\"></span>rent </span></div>\n<div class=\"t m0 x1a h4f y94b ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es of the risk a<span class=\"_ _2b\"></span>djustment for n<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">financ<span class=\"_ _0\"></span>ial risks.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y94c ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y94d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In remeas<span class=\"_ _2b\"></span>uring the fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows <span class=\"lse2 ws103\">of the liability for rem<span class=\"_ _2\"></span>aining </span></div>\n<div class=\"t m0 x1a h4f y94e ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coverage <span class=\"_ _2\"></span><span class=\"ws103\">in subsequent reporting period<span class=\"_ _2\"></span>s, certain changes in the </span></div>\n<div class=\"t m0 x1a h4f y94f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fulfilm<span class=\"_ _2b\"></span>ent cash flows are adj<span class=\"_ _0\"></span>usted aga<span class=\"_ _0\"></span>inst the <span class=\"lse2 wsfa\">contractual service ma<span class=\"_ _2\"></span>rgin<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y950 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and will t<span class=\"_ _2b\"></span>herefore be rec<span class=\"_ _2b\"></span>ognised in th<span class=\"_ _0\"></span>e incom<span class=\"_ _2b\"></span>e statement ov<span class=\"_ _0\"></span>er the</div>\n<div class=\"t m0 x1a h4f y951 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>ng period d<span class=\"_ _2b\"></span>uring which Ageas pr<span class=\"_ _0\"></span>ovides i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contr<span class=\"lsf4 ws10c\">act </span></div>\n<div class=\"t m0 x1a h4f y952 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s. Inter<span class=\"_ _0\"></span>est for the pa<span class=\"_ _0\"></span>ssage of tim<span class=\"_ _0\"></span>e is accrete<span class=\"_ _0\"></span>d on the <span class=\"lse2 wsf1\">contractual </span></div>\n<div class=\"t m0 x1a h4f y953 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"lse0 wsf0\">, using d<span class=\"_ _2b\"></span>iscount rates at<span class=\"_ _0\"></span>\u00a0initial rec<span class=\"_ _0\"></span>ognitio<span class=\"_ _2b\"></span>n of <span class=\"_ _2\"></span>the </span></div>\n<div class=\"t m0 x1a h4f y954 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">contracts.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y955 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Premium Alloc<span class=\"_ _2\"></span>ation Approach<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y956 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>permits<span class=\"_ _0\"></span>\u00a0an entity<span class=\"_ _0\"></span>\u00a0to meas<span class=\"_ _2b\"></span>ure groups of i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e contracts th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x1a h4f y957 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">meet spec<span class=\"_ _0\"></span>ific con<span class=\"_ _0\"></span>ditions, suc<span class=\"_ _2b\"></span>h as insurance cont<span class=\"_ _0\"></span>racts tha<span class=\"_ _2b\"></span>t <span class=\"_ _2\"></span>have a</div>\n<div class=\"t m0 x1a h4f y958 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coverag<span class=\"_ _2b\"></span>e period of one year or le<span class=\"_ _0\"></span>ss, apply<span class=\"_ _2b\"></span>ing the simplified P<span class=\"_ _0\"></span>remium</div>\n<div class=\"t m0 x1a h4f y959 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Allocat<span class=\"_ _0\"></span>ion Appro<span class=\"_ _2b\"></span>ach (instead of the G<span class=\"lse2 wsfa\">eneral Measurement Model</span><span class=\"wsef\">).<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y95a ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y95b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In applyi<span class=\"_ _0\"></span>ng the <span class=\"lse2 wsfa\">Premium Allocation<span class=\"_ _2\"></span>\u00a0Approach<span class=\"ws103\">, Ageas </span></span><span class=\"wsef\">intends<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">to </span></span></span></div>\n<div class=\"t m0 x1a h4f y95c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>se any insu<span class=\"_ _0\"></span>rance acq<span class=\"_ _2b\"></span>uisition cash flow<span class=\"_ _0\"></span>s as an expens<span class=\"_ _0\"></span>e when it</div>\n<div class=\"t m0 x1a h4f y95d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">incurs t<span class=\"_ _0\"></span>hose cos<span class=\"_ _0\"></span>ts, prov<span class=\"_ _2b\"></span>ided that the <span class=\"_ _0\"></span>initial c<span class=\"_ _2b\"></span>overage peri<span class=\"_ _0\"></span>od at th<span class=\"_ _0\"></span>e initial</div>\n<div class=\"t m0 x1a h4f y95e ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion date of the groups of<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts is no mo<span class=\"_ _0\"></span>re than</div>\n<div class=\"t m0 x1a h4f y95f ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">one year. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Applying the <span class=\"wsfa\">Pre<span class=\"_ _2\"></span>mium Allocation Appro<span class=\"_ _2\"></span>ach<span class=\"lse0 wsf0\">, the li<span class=\"_ _0\"></span>ability for r<span class=\"_ _0\"></span>emaini<span class=\"_ _0\"></span>ng </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coverage <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">is<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"ws103\">initially recogn<span class=\"_ _2\"></span>ised as the premiums received a<span class=\"_ _2\"></span>t initial </span></div>\n<div class=\"t m0 x7 h4f y804 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>, if any. Subsequen<span class=\"_ _2\"></span>tly, the carrying amo<span class=\"_ _2\"></span>unt of the liabi<span class=\"_ _2\"></span>lity for</div>\n<div class=\"t m0 x7 h4f y805 ff77 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>n<span class=\"wsfa\">g cove<span class=\"_ _2b\"></span>rage is<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">measured as<span class=\"_ _2\"></span></span>\u00a0</span><span class=\"wsf0\">the car<span class=\"_ _0\"></span>rying amo<span class=\"_ _2b\"></span>unt at the start of </span></span></div>\n<div class=\"t m0 x7 h4f y806 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the repo<span class=\"_ _0\"></span>rting p<span class=\"_ _2b\"></span>eriod, plus the p<span class=\"_ _2b\"></span>remiums receiv<span class=\"_ _2b\"></span>ed in the period <span class=\"_ _2b\"></span>minus the</div>\n<div class=\"t m0 x7 h4f y807 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount r<span class=\"_ _2b\"></span>ecognised as <span class=\"_ _0\"></span>insuran<span class=\"_ _0\"></span>ce reve<span class=\"_ _2b\"></span>nue for covera<span class=\"_ _0\"></span>ge provi<span class=\"_ _0\"></span>ded in th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y808 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period, a<span class=\"_ _0\"></span>nd minus any<span class=\"_ _0\"></span>\u00a0investme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mponent<span class=\"_ _0\"></span>\u00a0paid or t<span class=\"lse2 ws103\">ransferred to the </span></div>\n<div class=\"t m0 x7 h4f y809 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liability<span class=\"_ _2\"></span>\u00a0for incurred claims. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80a ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80b ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If at any time<span class=\"_ _2\"></span>\u00a0before and during the coverage per<span class=\"_ _2\"></span>iod, facts and</div>\n<div class=\"t m0 x7 h4f y80c ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">circumstances<span class=\"_ _2\"></span>\u00a0indicate that a group of ins<span class=\"_ _2\"></span>urance contracts is onerous<span class=\"_ _2\"></span>,</div>\n<div class=\"t m0 x7 h4f y80d ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">then Ageas <span class=\"_ _2\"></span>recognises a lo<span class=\"_ _2\"></span>ss in the income<span class=\"_ _2\"></span>\u00a0statement and in<span class=\"_ _2\"></span>creases the<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80e ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y for re<span class=\"_ _0\"></span>maining <span class=\"_ _0\"></span>covera<span class=\"_ _2b\"></span>ge to the extent<span class=\"_ _2b\"></span>\u00a0that the curre<span class=\"_ _0\"></span>nt estim<span class=\"_ _2b\"></span>ates of</div>\n<div class=\"t m0 x7 h4f y80f ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the fulfi<span class=\"_ _2b\"></span>lment cash flo<span class=\"_ _2b\"></span>ws that relate t<span class=\"_ _2b\"></span>o remaining c<span class=\"_ _0\"></span>overag<span class=\"_ _0\"></span>e exceed t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y810 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amoun<span class=\"_ _2\"></span>t of the liability for remaini<span class=\"_ _2\"></span>ng coverage.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90a ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y90b ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The carryin<span class=\"_ _2\"></span>g amount of the<span class=\"_ _2\"></span>\u00a0liability for inc<span class=\"_ _2\"></span>urred<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">claims of a gr<span class=\"_ _2b\"></span>oup of </span></span></div>\n<div class=\"t m0 x7 h4f y90c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts meas<span class=\"_ _0\"></span>ured apply<span class=\"_ _2b\"></span>ing the Premium Al<span class=\"_ _2b\"></span>location</div>\n<div class=\"t m0 x7 h4f y90d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Approac<span class=\"_ _0\"></span>h includ<span class=\"_ _0\"></span>es the amou<span class=\"_ _0\"></span>nt of the risk<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">adjusted<span class=\"_ _2\"></span>\u00a0discounted fulfil<span class=\"_ _2\"></span>ment </span></span></div>\n<div class=\"t m0 x7 h4f y90e ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws, dis<span class=\"_ _0\"></span>counted <span class=\"_ _0\"></span>at curr<span class=\"_ _0\"></span>ent rate<span class=\"_ _2b\"></span>s, relating to t<span class=\"_ _2b\"></span>he incurred c<span class=\"_ _0\"></span>laims</div>\n<div class=\"t m0 x7 h4f y90f ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the e<span class=\"_ _0\"></span>xpenses<span class=\"_ _0\"></span>\u00a0that h<span class=\"_ _0\"></span>ave n<span class=\"wsf0\">ot yet b<span class=\"_ _2b\"></span>een paid.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y910 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y911 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas intend<span class=\"_ _2\"></span>s to apply the <span class=\"lse0 wsf0\">Premium Allocat<span class=\"_ _0\"></span>ion Appro<span class=\"_ _0\"></span>ach<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">for th<span class=\"_ _0\"></span>e largest<span class=\"_ _0\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y912 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">part of the eli<span class=\"_ _2b\"></span>gible groups of cont<span class=\"_ _2b\"></span>racts in its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-<span class=\"lse2 ws103\">li<span class=\"_ _2\"></span>fe and its reinsurance </span></span></div>\n<div class=\"t m0 x7 h4f y913 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business. Ag<span class=\"_ _2\"></span>eas intends to al<span class=\"_ _2\"></span>so apply the<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Pr<span class=\"_ _0\"></span>emium All<span class=\"_ _0\"></span>ocatio<span class=\"_ _0\"></span>n Approac<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y914 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for a limite<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>set of<span class=\"_ _0\"></span>\u00a0eligibl<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s in its <span class=\"ls0 ws0\">L</span>ife busin<span class=\"_ _2b\"></span>ess, for which the</div>\n<div class=\"t m0 x7 h4f y915 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risks can be re<span class=\"_ _2b\"></span>priced on an annua<span class=\"_ _0\"></span>l basis.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y962 ff79 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Variable Fe<span class=\"_ _2\"></span>e Approach<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y963 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>requires<span class=\"_ _0\"></span>\u00a0an ent<span class=\"_ _0\"></span>ity to me<span class=\"_ _2b\"></span>asure groups of<span class=\"_ _0\"></span>\u00a0insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts</div>\n<div class=\"t m0 x7 h4f y964 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">with direct par<span class=\"_ _2\"></span>ticipation features applyi<span class=\"_ _2\"></span>ng the<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">Variable Fe<span class=\"_ _2\"></span>e Approach </span></div>\n<div class=\"t m0 x7 h4f y965 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(inste<span class=\"_ _0\"></span>ad of the G<span class=\"lse2 wsfa\">eneral Measurement<span class=\"_ _2\"></span>\u00a0Model<span class=\"lsf4 ws10c\">). <span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y966 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y967 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"wsfa\">Gener<span class=\"_ _2\"></span>al Measurement Mode<span class=\"_ _2\"></span>l<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">and t<span class=\"_ _2b\"></span>he <span class=\"lse2\">Variab<span class=\"_ _2\"></span>le Fee Approach<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f y968 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">measure t<span class=\"_ _2b\"></span>he fulfilment<span class=\"_ _2b\"></span>\u00a0cash flows in t<span class=\"_ _2b\"></span>he same way. T<span class=\"_ _0\"></span>here is <span class=\"_ _0\"></span>however <span class=\"_ _2b\"></span>a</div>\n<div class=\"t m0 x7 h4f y969 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nce in the m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ent of the <span class=\"lse2 wsfa\">contractual service <span class=\"wsf1\">m<span class=\"_ _2\"></span>argin<span class=\"lsfd ws120\">. On </span></span></span></div>\n<div class=\"t m0 x7 h4f y96a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">initial rec<span class=\"_ _2b\"></span>ognition of a gro<span class=\"_ _0\"></span>up of insura<span class=\"_ _2b\"></span>nce contracts wit<span class=\"_ _0\"></span>h direct</div>\n<div class=\"t m0 x7 h4f y96b ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures, ther<span class=\"_ _0\"></span>e is no dif<span class=\"_ _2b\"></span>ference betw<span class=\"_ _0\"></span>een the <span class=\"_ _0\"></span><span class=\"lse2 wsf1\">contractual<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y96c ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">determined applying<span class=\"_ _2\"></span>\u00a0the General Measurement Model<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf1\">or </span></span></div>\n<div class=\"t m0 x7 h4f y96d ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"wsfa\">Variab<span class=\"_ _2\"></span>le Fee Approach. <span class=\"_ _2\"></span>In subsequent<span class=\"ls0 ws0\">\u00a0</span>repor<span class=\"_ _2\"></span>ting periods, the<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y96e ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contractual<span class=\"_ _2\"></span>\u00a0service margin<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">of a group of i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>h direct </span></div>\n<div class=\"t m0 x7 h4f y96f ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participation<span class=\"_ _2\"></span>\u00a0features, that is measured app<span class=\"_ _2\"></span>lying the Variable Fee</div>\n<div class=\"t m0 x7 h4f y970 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Approach<span class=\"lse0 wsf0\">, is adjusted wit<span class=\"_ _0\"></span>h the chang<span class=\"_ _0\"></span>es in disco<span class=\"_ _0\"></span>unt rates an<span class=\"_ _2b\"></span>d other </span></div>\n<div class=\"t m0 x7 h4f y971 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al vari<span class=\"_ _0\"></span>ables (i<span class=\"_ _0\"></span>n t<span class=\"wsf0\">he G</span><span class=\"lse2\">eneral Measurement M<span class=\"_ _2\"></span>odel<span class=\"ls0 ws0\">\u00a0</span></span>such c<span class=\"_ _0\"></span>hanges</div>\n<div class=\"t m0 x7 h4f y972 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are report<span class=\"_ _0\"></span>ed in the stat<span class=\"_ _2b\"></span>ement of compreh<span class=\"_ _2b\"></span>ensive income).<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y973 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y974 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Variabl<span class=\"_ _2\"></span>e Fee Approach<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">cannot be applied to g<span class=\"_ _2b\"></span>roups of Life </span></span></div>\n<div class=\"t m0 x7 h4f y975 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts wit<span class=\"_ _2b\"></span>h fully discret<span class=\"_ _2b\"></span>ionary profit<span class=\"_ _0\"></span>\u00a0sharin<span class=\"_ _0\"></span>g and to g<span class=\"_ _2b\"></span>roups</div>\n<div class=\"t m0 x7 h4f y976 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of reinsuran<span class=\"_ _2\"></span>ce contracts (bo<span class=\"_ _2\"></span>th reinsurance con<span class=\"_ _2\"></span>tracts held and is<span class=\"_ _2\"></span>sued).<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y977 ff79 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Modification<span class=\"_ _2\"></span>\u00a0and derecognition<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y978 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If the te<span class=\"_ _0\"></span>rms of a<span class=\"_ _0\"></span>n insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>ract are modif<span class=\"_ _0\"></span>ied in a s<span class=\"_ _2b\"></span>ubstantive w<span class=\"_ _0\"></span>ay,</div>\n<div class=\"t m0 x1a h4f y979 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas dere<span class=\"_ _2\"></span>cognise<span class=\"ls0 ws0\">s <span class=\"ls102 ws129\">the ini<span class=\"_ _2\"></span>tial</span>\u00a0</span><span class=\"lse0\">contrac<span class=\"_ _0\"></span>t and rec<span class=\"_ _2b\"></span>ognises the mo<span class=\"_ _2b\"></span>dified </span></div>\n<div class=\"t m0 x1a h4f y97a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span>\u00a0as a new contr<span class=\"_ _0\"></span>act, bas<span class=\"_ _0\"></span>ed<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">on speci<span class=\"_ _2\"></span>fic criteria.</span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y97b ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y97c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 req<span class=\"_ _0\"></span>uires that<span class=\"_ _0\"></span>\u00a0an insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>act is derec<span class=\"_ _2b\"></span>ognised when it is</div>\n<div class=\"t m0 x1a h4f y97d ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">extinguished.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y97e ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Recognit<span class=\"_ _2b\"></span>ion and presentat<span class=\"_ _2b\"></span>ion in the statemen<span class=\"_ _0\"></span>t of financ<span class=\"_ _0\"></span>ial posit<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y97f ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas will<span class=\"_ _2\"></span>\u00a0present separatel<span class=\"_ _2\"></span>y in its <span class=\"lse0 wsef\">consolidat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"wsf0\">st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>\u00a0of financi<span class=\"_ _0\"></span>al </span></span></div>\n<div class=\"t m0 x1a h4f y980 ff77 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">posi<span class=\"_ _2\"></span>ti<span class=\"lse0 wsfa\">on the c<span class=\"_ _2b\"></span>arrying amount<span class=\"_ _0\"></span>\u00a0of port<span class=\"_ _0\"></span>folios<span class=\"_ _2b\"></span>\u00a0of:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y981 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span>\u00a0issued t<span class=\"_ _0\"></span>hat are <span class=\"_ _0\"></span>assets;<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y982 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span>\u00a0issued t<span class=\"_ _0\"></span>hat are <span class=\"_ _0\"></span>liabilit<span class=\"_ _2b\"></span>ies;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y983 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse2 ws103\">R<span class=\"_ _2\"></span>einsurance contracts held<span class=\"_ _2\"></span>\u00a0that are assets; and</span><span class=\"ff77\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y984 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse2 wsf1\">R<span class=\"_ _2\"></span>einsurance</span><span class=\"ff77\">\u00a0<span class=\"lse0 wsfa\">contracts <span class=\"_ _2b\"></span>held that are l<span class=\"_ _0\"></span>iabilit<span class=\"_ _2b\"></span>ies.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 y985 ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Recognit<span class=\"_ _2b\"></span>ion and presentat<span class=\"_ _2b\"></span>ion in the income stat<span class=\"_ _2b\"></span>ement<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y986 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In its conso<span class=\"_ _0\"></span>lidated i<span class=\"_ _2b\"></span>ncome statement<span class=\"_ _0\"></span>, Ageas wi<span class=\"_ _0\"></span>ll present<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce</div>\n<div class=\"t m0 x1a h4f y987 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service <span class=\"_ _0\"></span>result<span class=\"_ _0\"></span>s (compri<span class=\"_ _2b\"></span>sing insuranc<span class=\"_ _0\"></span>e reven<span class=\"_ _0\"></span>ue less i<span class=\"_ _2b\"></span>nsurance serv<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x1a h4f y988 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _2b\"></span>) separately<span class=\"_ _0\"></span>\u00a0from ins<span class=\"_ _2b\"></span><span class=\"wsf0\">urance finance inc<span class=\"_ _2b\"></span>ome and expenses<span class=\"_ _0\"></span>. </span></div>\n<div class=\"t m0 x1a h4f y989 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The present<span class=\"_ _2\"></span>ation of insurance<span class=\"_ _2\"></span>\u00a0revenue and in<span class=\"_ _2\"></span>surance service expen<span class=\"_ _2\"></span>ses</div>\n<div class=\"t m0 x1a h4f y98a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is based on th<span class=\"_ _0\"></span>e concept of<span class=\"_ _0\"></span>\u00a0insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act servic<span class=\"_ _2b\"></span>es provided duri<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y98b ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the repor<span class=\"_ _2\"></span>ting period.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y98c ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y98d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment comp<span class=\"_ _0\"></span>onents, w<span class=\"_ _2b\"></span>hich are amounts th<span class=\"_ _0\"></span>at the policy<span class=\"_ _2b\"></span>h<span class=\"ls102 ws115\">old<span class=\"_ _2\"></span>er will </span></div>\n<div class=\"t m0 x1a h4f y98e ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">always recei<span class=\"_ _2\"></span>ve, regardless o<span class=\"_ _2\"></span>f whether an insured<span class=\"_ _2\"></span>\u00a0event happens, <span class=\"_ _2\"></span>will</div>\n<div class=\"t m0 x1a h4f y98f ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not be pres<span class=\"_ _0\"></span>ented in the<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsef\">co<span class=\"_ _2b\"></span>nsolidated<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">inco<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment but<span class=\"_ _0\"></span>\u00a0will be </span></span></div>\n<div class=\"t m0 x1a h4f y990 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed dir<span class=\"_ _0\"></span>ectly in t<span class=\"_ _2b\"></span>he <span class=\"lse2 wsf1\">consoli<span class=\"_ _2\"></span>dated </span>statem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _2b\"></span>nancial posit<span class=\"_ _0\"></span>ion.</div>\n<div class=\"t m0 x1a h4f y991 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">To deter<span class=\"_ _2b\"></span>mine whether <span class=\"_ _0\"></span>an insu<span class=\"_ _0\"></span>rance con<span class=\"lse2 ws103\">t<span class=\"_ _0\"></span>ract includes an i<span class=\"_ _2\"></span>nvestment </span></div>\n<div class=\"t m0 x1a h4f y992 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">component, Age<span class=\"_ _2\"></span>as assesses at i<span class=\"_ _2\"></span>nception <span class=\"lse0 wsf0\">of the cont<span class=\"_ _0\"></span>ract whet<span class=\"_ _0\"></span>her \u2018a </span></div>\n<div class=\"t m0 x1a h4f y993 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>\u00a0would <span class=\"_ _0\"></span>occur in a<span class=\"_ _0\"></span>ll circ<span class=\"_ _0\"></span>umstanc<span class=\"_ _0\"></span>es\u2019. To i<span class=\"_ _0\"></span>nclude <span class=\"_ _0\"></span>\u2018all</div>\n<div class=\"t m0 x1a h4f y994 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">circumst<span class=\"_ _2b\"></span>ances\u2019 in this<span class=\"_ _2b\"></span>\u00a0assessment, <span class=\"_ _0\"></span>all possi<span class=\"_ _2b\"></span>ble events th<span class=\"_ _0\"></span>at termi<span class=\"_ _0\"></span>nate th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y995 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contract and<span class=\"_ _2\"></span>\u00a0trigger a pos<span class=\"_ _2\"></span>si<span class=\"lse0\">ble <span class=\"_ _2b\"></span>payment to a pol<span class=\"_ _2b\"></span>icyholder are </span></div>\n<div class=\"t m0 x1a h4f y996 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>red. These possib<span class=\"_ _0\"></span>le events a<span class=\"_ _2b\"></span>re contract canc<span class=\"_ _0\"></span>ellatio<span class=\"_ _0\"></span>n by the</div>\n<div class=\"t m0 x1a h4f y997 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy<span class=\"_ _0\"></span>holder, mat<span class=\"_ _2b\"></span>urity and all insu<span class=\"_ _0\"></span>red events<span class=\"_ _0\"></span>\u00a0(e.g. deat<span class=\"_ _0\"></span>h or surviv<span class=\"_ _0\"></span>al).<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y998 ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce financ<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome and exp<span class=\"_ _0\"></span>enses<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y999 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under IF<span class=\"_ _0\"></span>RS 17, t<span class=\"_ _0\"></span>he fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s and <span class=\"lse2 wsf1\">the </span>contra<span class=\"_ _2b\"></span>ctual service</div>\n<div class=\"t m0 x1a h4f y99a ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">margin<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">are reported on a dis<span class=\"_ _0\"></span>counted ba<span class=\"_ _2b\"></span>sis, reflecting t<span class=\"_ _0\"></span>he timing of<span class=\"_ _0\"></span>\u00a0the </span></span></div>\n<div class=\"t m0 x1a h4f y99b ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>. IFRS 17 pe<span class=\"_ _2b\"></span>rmits an entity to pres<span class=\"_ _2b\"></span>ent the effects of ch<span class=\"_ _2b\"></span>anges</div>\n<div class=\"t m0 x1a h4f y99c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in discou<span class=\"_ _0\"></span>nt rates and ot<span class=\"_ _2b\"></span>her financial vari<span class=\"_ _2b\"></span>ables either in the inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x1a h4f y99d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt or partly<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _2b\"></span>ement and part<span class=\"_ _0\"></span>ly in ot<span class=\"_ _0\"></span>her </span></div>\n<div class=\"t m0 x1a h4f y99e ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">comprehensive in<span class=\"_ _2\"></span>come, depending on the entit<span class=\"_ _2\"></span>y\u2019s accounting policy</div>\n<div class=\"t m0 x1a h4f y99f ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">choice. A<span class=\"_ _0\"></span>geas int<span class=\"_ _0\"></span>ends to dis<span class=\"_ _0\"></span>aggregat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>the ef<span class=\"_ _0\"></span>fects of c<span class=\"_ _0\"></span>hanges i<span class=\"_ _0\"></span>n discount<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y9a0 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rates betw<span class=\"_ _2b\"></span>een the income stat<span class=\"_ _2b\"></span>ement and other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x1a h4f y9a1 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">for the l<span class=\"_ _0\"></span>argest p<span class=\"_ _2b\"></span>art of its insur<span class=\"_ _2b\"></span>ance portfoli<span class=\"_ _2b\"></span>os.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 330px; height: 776px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 330px; height: 776px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under the Ge<span class=\"_ _2\"></span>neral Measurement<span class=\"_ _2\"></span>\u00a0Model, disaggregation<span class=\"_ _2\"></span>\u00a0means</div>\n<div class=\"t m0 x7 h4f y803 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">presenting in<span class=\"_ _2\"></span>\u00a0the income statement an amount de<span class=\"_ _2\"></span>termined by a</div>\n<div class=\"t m0 x7 h4f y804 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">system<span class=\"_ _0\"></span>atic all<span class=\"_ _0\"></span>ocation <span class=\"_ _0\"></span>of the <span class=\"_ _0\"></span>expecte<span class=\"_ _0\"></span>d total f<span class=\"_ _0\"></span>inance i<span class=\"_ _2b\"></span>ncome <span class=\"wsf0\">or expen<span class=\"_ _0\"></span>ses </span></div>\n<div class=\"t m0 x7 h4f y805 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">over the d<span class=\"_ _2\"></span>uration of the gro<span class=\"_ _2\"></span>up of insurance<span class=\"_ _2\"></span>\u00a0contracts. On derecog<span class=\"_ _2\"></span>nition</div>\n<div class=\"t m0 x7 h4f y806 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the g<span class=\"_ _0\"></span>roup, am<span class=\"_ _0\"></span>ounts re<span class=\"_ _2b\"></span>maining in ot<span class=\"_ _0\"></span>her comp<span class=\"_ _0\"></span>rehens<span class=\"_ _0\"></span>ive inco<span class=\"_ _2b\"></span>me are</div>\n<div class=\"t m0 x7 h4f y807 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reclass<span class=\"_ _0\"></span>ified t<span class=\"_ _0\"></span>o the inc<span class=\"_ _2b\"></span>ome statement.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y808 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y809 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under the <span class=\"wsfa\">Variabl<span class=\"_ _2\"></span>e Fee Approach<span class=\"lse0 wsf0\">, only where the enti<span class=\"_ _0\"></span>ty holds the </span></span></div>\n<div class=\"t m0 x7 h4f y80a ff7c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">un<span class=\"lse2 ws103\">derlying items, dis<span class=\"_ _2\"></span>aggregation means presenting<span class=\"_ _2\"></span>\u00a0in the income </span></div>\n<div class=\"t m0 x7 h4f y80b ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt as insuranc<span class=\"_ _0\"></span>e financ<span class=\"_ _2b\"></span>e income or exp<span class=\"_ _0\"></span>enses a<span class=\"_ _0\"></span>n amoun<span class=\"_ _0\"></span>t that</div>\n<div class=\"t m0 x7 h4f y80c ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e accounting mism<span class=\"_ _2b\"></span>atches with the fin<span class=\"_ _2b\"></span>ance income or</div>\n<div class=\"t m0 x7 h4f y80d ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span>\u00a0arisi<span class=\"_ _0\"></span>ng on the <span class=\"_ _0\"></span>underly<span class=\"_ _0\"></span>ing ite<span class=\"_ _0\"></span>ms. On d<span class=\"_ _0\"></span>erecog<span class=\"_ _0\"></span>nition,<span class=\"_ _0\"></span>\u00a0the</div>\n<div class=\"t m0 x7 h4f y80e ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">a<span class=\"lse0 wsf0\">mounts prev<span class=\"_ _0\"></span>iously<span class=\"_ _0\"></span>\u00a0recognis<span class=\"_ _0\"></span>ed in other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _2b\"></span>ive income rem<span class=\"_ _0\"></span>ain </span></div>\n<div class=\"t m0 x7 h4f y80f ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">there.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y885 ff7e fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impact asse<span class=\"_ _2\"></span>ssment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y886 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The estim<span class=\"_ _2b\"></span>ated impact of the ado<span class=\"_ _0\"></span>ption of IF<span class=\"_ _0\"></span>RS 17 by the su<span class=\"_ _0\"></span>bsidiar<span class=\"_ _0\"></span>ies of</div>\n<div class=\"t m0 x7 h4f y8cf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas at th<span class=\"_ _0\"></span>e transi<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. 1 Janua<span class=\"_ _0\"></span>ry 2022) is c<span class=\"_ _0\"></span>larified <span class=\"wsfa\">i<span class=\"_ _2b\"></span>n section </span></div>\n<div class=\"t m0 x7 h4f y8d0 ff7c fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">D. <span class=\"lse2 wsf1\">below.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y889 ff7c fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">D.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1b8\">\u00a0</span><span class=\"lse0 wsf0\">Estimated i<span class=\"_ _0\"></span>mpact of<span class=\"_ _0\"></span>\u00a0the adoption<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 on<span class=\"_ _0\"></span>\u00a01 </span></span></div>\n<div class=\"t m0 x217 h4f y88a ff7c fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9a4 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">All subs<span class=\"_ _0\"></span>idiarie<span class=\"_ _2b\"></span>s of Ageas have m<span class=\"_ _2b\"></span>aterially fin<span class=\"_ _0\"></span>alised t<span class=\"_ _2b\"></span>heir opening <span class=\"_ _0\"></span>balance</div>\n<div class=\"t m0 x7 h4f y9a5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sheet un<span class=\"_ _0\"></span>der IFRS 9 <span class=\"lse2 wsf1\">and<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">IFRS 17 on 1 January 2022<span class=\"_ _2\"></span>\u00a0and perform </span></span></div>\n<div class=\"t m0 x7 h4f y9a6 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">parallel ru<span class=\"_ _2\"></span>ns for the annual<span class=\"_ _2\"></span>\u00a0reporting period 20<span class=\"_ _2\"></span>22<span class=\"ls102 ws115\">. While the<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9a7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impleme<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n preparat<span class=\"_ _0\"></span>ions wit<span class=\"_ _0\"></span>hin the Asi<span class=\"_ _0\"></span>an and Turk<span class=\"_ _0\"></span>ish assoc<span class=\"_ _0\"></span>iates of</div>\n<div class=\"t m0 x7 h4f y9a8 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas st<span class=\"_ _0\"></span>arted l<span class=\"_ _0\"></span>ater (fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g local r<span class=\"_ _0\"></span>egulati<span class=\"_ _2b\"></span>on and guidel<span class=\"_ _0\"></span>ines), t<span class=\"_ _0\"></span>he most</div>\n<div class=\"t m0 x7 h4f y9a9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">signifi<span class=\"_ _0\"></span>cant assoc<span class=\"_ _2b\"></span>iates are progres<span class=\"_ _0\"></span>sing well t<span class=\"_ _0\"></span>o comply wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y9aa ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of 1 Janu<span class=\"_ _0\"></span>ary 2023.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9ab ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9ac ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"lse0 wsfa\">geas gave c<span class=\"_ _2b\"></span>areful conside<span class=\"_ _2b\"></span>ration to the d<span class=\"_ _2b\"></span>isclosure req<span class=\"_ _2b\"></span>uirements in I<span class=\"_ _0\"></span>AS </span></div>\n<div class=\"t m0 x7 h4f y9ad ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">8 \u2018Account<span class=\"_ _0\"></span>ing poli<span class=\"_ _0\"></span>cies, cha<span class=\"_ _2b\"></span>nges in accountin<span class=\"_ _0\"></span>g estimat<span class=\"_ _2b\"></span>es and errors\u2019 (to</div>\n<div class=\"t m0 x7 h4f y9ae ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>e known or reas<span class=\"_ _2b\"></span>onabl<span class=\"ls0 ws0\">y </span>estimable inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n relevant to asses<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y9af ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the poss<span class=\"_ _0\"></span>ible im<span class=\"_ _0\"></span>pact th<span class=\"_ _0\"></span>at the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _0\"></span>ion of <span class=\"wsf0\">a n<span class=\"_ _0\"></span>ew IFRS stan<span class=\"_ _0\"></span>dard will </span></div>\n<div class=\"t m0 x7 h4f y9b0 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have on the ent<span class=\"_ _0\"></span>ity\u2019s fi<span class=\"_ _0\"></span>nancial st<span class=\"_ _2b\"></span>atements in the peri<span class=\"_ _0\"></span>od of initi<span class=\"_ _2b\"></span>al</div>\n<div class=\"t m0 x7 h4f y9b1 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">application)<span class=\"_ _2\"></span>\u00a0and <span class=\"lsfc ws115\">to<span class=\"ls0 ws0\">\u00a0</span></span>the <span class=\"_ _2\"></span>ESMA Public Statemen<span class=\"_ _2\"></span>t on \u2018Transparen<span class=\"_ _2\"></span>cy on</div>\n<div class=\"t m0 x7 h4f y9b2 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">implementation<span class=\"_ _2\"></span>\u00a0of IFRS 17 insurance contracts\u2019<span class=\"_ _2\"></span>, considering the</div>\n<div class=\"t m0 x7 h4f y9b3 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impleme<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n status wit<span class=\"_ _2b\"></span>hin its subsidiari<span class=\"_ _2b\"></span>es and associates<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9b4 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9b5 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The paragraph<span class=\"_ _2\"></span>s below clarify the impact of the<span class=\"_ _2\"></span>\u00a0adoption of IFRS 9 &amp;</div>\n<div class=\"t m0 x7 h4f y9b6 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>by the s<span class=\"_ _0\"></span>ubsidia<span class=\"_ _0\"></span>ries of A<span class=\"_ _2b\"></span>geas at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date (<span class=\"_ _0\"></span>i.e. 1</div>\n<div class=\"t m0 x7 h4f y9b7 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2022)<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9b8 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9b9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Althoug<span class=\"_ _0\"></span>h Ageas ack<span class=\"_ _0\"></span>nowled<span class=\"_ _0\"></span>ges that pr<span class=\"_ _0\"></span>esenti<span class=\"_ _0\"></span>ng quantit<span class=\"_ _2b\"></span>ative informati<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x7 h4f y9ba ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">on its sub<span class=\"_ _2\"></span>sidiaries only pr<span class=\"_ _2\"></span>ovides a partial <span class=\"_ _2\"></span>view of the estima<span class=\"_ _2\"></span>ted</div>\n<div class=\"t m0 x7 h4f y9bb ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated i<span class=\"_ _0\"></span>mpact of <span class=\"_ _0\"></span>adoptin<span class=\"_ _2b\"></span>g IFRS 9 &amp; IFRS <span class=\"_ _0\"></span>17, it c<span class=\"_ _0\"></span>onclude<span class=\"_ _0\"></span>d that</div>\n<div class=\"t m0 x7 h4f y8d4 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span>ing qua<span class=\"_ _0\"></span>ntitati<span class=\"_ _0\"></span>ve infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n on the i<span class=\"_ _0\"></span>mpleme<span class=\"_ _0\"></span>ntation<span class=\"_ _0\"></span>\u00a0of IFRS 9 <span class=\"_ _0\"></span>&amp;</div>\n<div class=\"t m0 x7 h4f y8d5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 by its as<span class=\"_ _0\"></span>sociat<span class=\"_ _0\"></span>es would cu<span class=\"_ _0\"></span>rrently<span class=\"_ _0\"></span>\u00a0not be in line wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x7 h4f y8d6 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ure requi<span class=\"_ _0\"></span>rements i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>IAS 8. A<span class=\"_ _2b\"></span>geas intends to pre<span class=\"_ _0\"></span>sent the im<span class=\"_ _2b\"></span>pact of</div>\n<div class=\"t m0 x7 h4f y8d7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adoptin<span class=\"_ _0\"></span>g IFRS 9 &amp; IFRS 17 at<span class=\"_ _0\"></span>\u00a0the tran<span class=\"_ _0\"></span>sition dat<span class=\"_ _0\"></span>e by both its sub<span class=\"_ _0\"></span>sidiari<span class=\"_ _2b\"></span>es</div>\n<div class=\"t m0 x1a h4f y8d8 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and its ass<span class=\"_ _0\"></span>ociates du<span class=\"_ _0\"></span>ring a sepa<span class=\"_ _0\"></span>rate inves<span class=\"_ _0\"></span>tor relat<span class=\"_ _2b\"></span>ions presentat<span class=\"_ _0\"></span>ion mid<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y8d9 ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2023. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9bc ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9bd ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas does also<span class=\"_ _2\"></span>\u00a0not present estimates of the im<span class=\"_ _2\"></span>pacts on 30 June 2022</div>\n<div class=\"t m0 x1a h4f y9be ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or on 31 Decem<span class=\"_ _2b\"></span>ber 2022, as these est<span class=\"_ _0\"></span>imates ar<span class=\"_ _0\"></span>e currentl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>not y<span class=\"_ _0\"></span>et</div>\n<div class=\"t m0 x1a h4f y9bf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reason<span class=\"_ _0\"></span>ably relia<span class=\"_ _0\"></span>ble or know<span class=\"_ _0\"></span>n. The impac<span class=\"_ _0\"></span>ts on the cons<span class=\"_ _2b\"></span>olidated</div>\n<div class=\"t m0 x1a h4f y9c0 ff7c fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">state<span class=\"lse2 wsfa\">ment of fina<span class=\"_ _2\"></span>ncial position and<span class=\"_ _2\"></span>\u00a0on the consolidat<span class=\"_ _2\"></span>ed income </span></div>\n<div class=\"t m0 x1a h4f y9c1 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt at those dates wil<span class=\"_ _0\"></span>l be presente<span class=\"_ _0\"></span>d in the <span class=\"ls0 ws0\">i</span><span class=\"wsef\">nterim <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial </span></span></span></div>\n<div class=\"t m0 x1a h4f y97e ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsf0\">tatements or t<span class=\"_ _0\"></span>he <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolidat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f</span>inanc<span class=\"_ _2b\"></span>ial <span class=\"ls0 ws0\">s<span class=\"_ _2\"></span></span><span class=\"wsf0\">tate<span class=\"_ _0\"></span>ments of 20<span class=\"_ _2b\"></span>23.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y97f ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y980 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Compared to the am<span class=\"_ _2\"></span>ounts recognised in the con<span class=\"_ _2\"></span>solidated statement of</div>\n<div class=\"t m0 x1a h4f y981 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">financial p<span class=\"_ _2\"></span>osition of Ageas on<span class=\"_ _2\"></span>\u00a01 January 2022 a<span class=\"_ _2\"></span>pplying the standar<span class=\"_ _2\"></span>ds</div>\n<div class=\"t m0 x1a h4f y982 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 39 &amp; IFRS 4,<span class=\"_ _0\"></span>\u00a0the adopt<span class=\"_ _0\"></span>ion of IFRS 9 &amp; IFR<span class=\"_ _2b\"></span>S 17 within the</div>\n<div class=\"t m0 x1a h4f y983 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiaries <span class=\"_ _2\"></span>of Ageas resulted<span class=\"_ _2\"></span>\u00a0in:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y984 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse2 wsf1\">An<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">increas<span class=\"_ _2b\"></span>e in the total assets;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y9c2 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse0 wsf0\">An increase in the tot<span class=\"_ _2b\"></span>al liabilities; an<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9c3 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0decrease</span><span class=\"ff7c\">\u00a0<span class=\"lsfc ws121\">in<span class=\"_ _2\"></span>\u00a0to<span class=\"lse2 ws103\">tal equity.</span></span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9c4 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9c5 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The main <span class=\"_ _0\"></span>impacts<span class=\"_ _0\"></span>\u00a0of the a<span class=\"_ _0\"></span>doption <span class=\"_ _0\"></span>of IFR<span class=\"_ _0\"></span>S 9 &amp; IFRS <span class=\"_ _2b\"></span>17 on the</div>\n<div class=\"t m0 x1a h4f y9c6 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidated s<span class=\"_ _2\"></span>tatement of financial po<span class=\"_ _2\"></span>sition of Ageas on 1 January 2022<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y9c7 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(also ref<span class=\"_ _2b\"></span>erred to as <span class=\"ls0 ws0\">\u2018</span><span class=\"wsf0\">open<span class=\"_ _0\"></span>ing balanc<span class=\"_ _2b\"></span>e sheet<span class=\"ls0 ws0\">\u2019<span class=\"lse2 ws103\">) are fur<span class=\"_ _2\"></span>ther clarified below.</span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y98b ff7e fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>ed impact on assets<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y98c ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The incre<span class=\"lse0 wsf0\">ase in total ass<span class=\"_ _0\"></span>ets mainl<span class=\"_ _0\"></span>y relates<span class=\"_ _0\"></span>\u00a0to the appli<span class=\"_ _0\"></span>cation of the </span></div>\n<div class=\"t m0 x1a h4f y98d ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _2b\"></span>RS 9 on classificati<span class=\"_ _2b\"></span>on &amp; measurement<span class=\"_ _0\"></span>. Compar<span class=\"_ _0\"></span>ed to</div>\n<div class=\"t m0 x1a h4f y98e ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 39, a lar<span class=\"_ _0\"></span>ger part of <span class=\"lse2 wsf1\">Ageas's </span>invest<span class=\"_ _0\"></span>ments in fi<span class=\"_ _0\"></span>nancial i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y98f ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r value u<span class=\"_ _0\"></span>nder IFR<span class=\"_ _2b\"></span>S 9.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y990 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y991 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under IA<span class=\"_ _2b\"></span>S 39, Ageas cla<span class=\"_ _0\"></span>ssified<span class=\"_ _2b\"></span>\u00a0a part of its inv<span class=\"_ _2b\"></span>estments in de<span class=\"_ _0\"></span>bt</div>\n<div class=\"t m0 x1a h4f y992 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span>\u00a0as \u2018held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>maturity\u2019 or \u2018<span class=\"_ _2\"></span>loans and receivables<span class=\"_ _2\"></span>\u2019 and</div>\n<div class=\"t m0 x1a h4f y993 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consequ<span class=\"_ _2b\"></span>ently measured th<span class=\"_ _0\"></span>ose invest<span class=\"_ _2b\"></span>ments at amortise<span class=\"_ _0\"></span>d cost. Foll<span class=\"_ _2b\"></span>owing</div>\n<div class=\"t m0 x1a h4f y994 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the outcome of<span class=\"_ _2\"></span>\u00a0the<span class=\"ls0 ws0\">\u00a0</span>business model asse<span class=\"_ _2\"></span>ssment under IFRS 9, <span class=\"wsf1\">and </span></div>\n<div class=\"t m0 x1a h4f y995 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">because t<span class=\"_ _2b\"></span>hose instrum<span class=\"_ _0\"></span>ents pas<span class=\"_ _0\"></span>s the \u2018<span class=\"_ _0\"></span>solely pa<span class=\"_ _0\"></span>yments <span class=\"_ _2b\"></span>of principal a<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x1a h4f y996 ff7c fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">interest\u2019 test, <span class=\"lse2 wsfa\">a large <span class=\"_ _2\"></span>part of these inv<span class=\"_ _2\"></span>estments <span class=\"ls106 ws124\">is</span></span><span class=\"ls0\">\u00a0<span class=\"lse2 ws103\">measured<span class=\"_ _2\"></span>\u00a0at fair value </span></span></div>\n<div class=\"t m0 x1a h4f y997 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through o<span class=\"_ _2\"></span>ther comprehensive inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\">\u00a0</span>under IFRS 9<span class=\"lse0 wsf0\">. At the transition<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9c8 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date, the c<span class=\"_ _0\"></span>umulativ<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>unr<span class=\"_ _2b\"></span>ealised gain or loss s<span class=\"_ _0\"></span>ince the i<span class=\"_ _0\"></span>nitial rec<span class=\"_ _2b\"></span>ognition</div>\n<div class=\"t m0 x1a h4f y9c9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of thos<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ments <span class=\"lse2 wsfa\">has been<span class=\"ls0 ws0\">\u00a0</span>recognise<span class=\"_ _2\"></span>d in other comprehen<span class=\"_ _2\"></span>sive </span></div>\n<div class=\"t m0 x1a h4f y9ca ff7c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">income.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9cb ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9cc ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A part of <span class=\"lse2 wsf1\">Ageas's </span>investme<span class=\"_ _0\"></span>nts in debt<span class=\"_ _0\"></span>\u00a0instrume<span class=\"_ _0\"></span>nts, mainl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in</div>\n<div class=\"t m0 x1a h4f y9cd ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unquoted inv<span class=\"_ _2\"></span>estment funds or <span class=\"_ _2\"></span><span class=\"ws103\">exchange traded funds, do no<span class=\"_ _2\"></span>t pass the </span></div>\n<div class=\"t m0 x1a h4f y9ce ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">\u2018solely<span class=\"_ _0\"></span>\u00a0payments<span class=\"_ _2b\"></span>\u00a0of principal a<span class=\"_ _2b\"></span>nd interest\u2019 te<span class=\"_ _0\"></span>st unde<span class=\"_ _0\"></span>r IFRS 9.<span class=\"_ _0\"></span>\u00a0At the</div>\n<div class=\"t m0 x1a h4f y9cf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on date, Ageas <span class=\"lse2 wsf1\">has<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"wsfa\">mandat<span class=\"_ _0\"></span>orily rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span><span class=\"lse2 wsf1\">ied<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">and measure</span>d <span class=\"lse0 wsef\">those </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y9d0 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents at fair val<span class=\"_ _2b\"></span>ue through prof<span class=\"_ _2b\"></span>it or loss, whi<span class=\"_ _2b\"></span>le those invest<span class=\"_ _2b\"></span>ments</div>\n<div class=\"t m0 x1a h4f y9d1 ff7c fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">we<span class=\"lse0 wsfa\">re me<span class=\"_ _0\"></span>asured at<span class=\"_ _0\"></span>\u00a0amortis<span class=\"_ _2b\"></span>ed cost or at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh other </span></div>\n<div class=\"t m0 x1a h4f y9d2 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income und<span class=\"_ _0\"></span>er IAS 39.<span class=\"_ _0\"></span>\u00a0Furthermo<span class=\"_ _2b\"></span>re, Ageas designat<span class=\"_ _2b\"></span>ed at</div>\n<div class=\"t m0 x1a h4f y9d3 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the transit<span class=\"_ _2b\"></span>ion date some inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in debt inst<span class=\"_ _2b\"></span>ruments, that cov<span class=\"_ _2b\"></span>er</div>\n<div class=\"t m0 x1a h4f y9d4 ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked cont<span class=\"_ _0\"></span>racts,<span class=\"_ _0\"></span>\u00a0as measu<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh p<span class=\"wsf0\">rofit<span class=\"_ _0\"></span>\u00a0or loss, </span></span></span></div>\n<div class=\"t m0 x1a h4f y9d5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because s<span class=\"_ _0\"></span>uch design<span class=\"_ _2b\"></span>ation reduces mea<span class=\"_ _2b\"></span>surement incons<span class=\"_ _2b\"></span>istencies or</div>\n<div class=\"t m0 x1a h4f y9d6 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mism<span class=\"_ _2b\"></span>atches with t<span class=\"_ _0\"></span>he measu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span>\u00a0the co<span class=\"_ _2b\"></span>rresponding</div>\n<div class=\"t m0 x1a h4f y9d7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce or invest<span class=\"_ _2b\"></span>ment contract lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of the \u2018expected cr<span class=\"_ _0\"></span>e<span class=\"ls106 ws10c\">dit loss\u2019 m<span class=\"_ _0\"></span>odel <span class=\"lse0 wsfa\">in IFR<span class=\"_ _0\"></span>S 9 <span class=\"lse2 wsf1\">resulted<span class=\"lsf4 ws114\">, at </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the tra<span class=\"_ _0\"></span>nsition d<span class=\"_ _2b\"></span>ate, in the rec<span class=\"_ _0\"></span>ognitio<span class=\"_ _2b\"></span>n of a loss allo<span class=\"_ _0\"></span>wance f<span class=\"_ _0\"></span>or expect<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f y804 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit losses on<span class=\"_ _2\"></span>\u00a0<span class=\"wsf1\">Ageas's <span class=\"lse0 wsfa\">investm<span class=\"_ _0\"></span>ents in d<span class=\"_ _0\"></span>ebt inst<span class=\"_ _0\"></span>ruments<span class=\"_ _0\"></span>\u00a0that is </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">marginally h<span class=\"_ _2\"></span>igher<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">than the amou<span class=\"_ _2b\"></span>nt of impairments<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">that Agea<span class=\"_ _2\"></span>s</span>\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised u<span class=\"_ _2\"></span>nder IA<span class=\"ws103\">S 39 for the<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span></span><span class=\"lsfb\">same<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">instrume<span class=\"_ _0\"></span>nts. Th<span class=\"_ _0\"></span>is follow<span class=\"_ _0\"></span>s from t<span class=\"_ _2b\"></span>he </span></span></div>\n<div class=\"t m0 x7 h4f y807 ff81 fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">fact that the majority of <span class=\"lse2 wsf1\">Ageas's <span class=\"lse0 wsf0\">investments i<span class=\"_ _0\"></span>n debt instr<span class=\"_ _0\"></span>uments ar<span class=\"_ _0\"></span>e </span></span></div>\n<div class=\"t m0 x7 h4f y808 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">\u2018invest<span class=\"_ _0\"></span>ment gra<span class=\"_ _0\"></span>de\u2019 (i.e. ha<span class=\"_ _0\"></span>ving a credit<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>risk<span class=\"_ _0\"></span>\u00a0rating of Baa<span class=\"_ _2b\"></span>3 or BBB<span class=\"ls0 ws0\">- <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">or </span></span></div>\n<div class=\"t m0 x7 h4f y809 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">above) an<span class=\"_ _0\"></span>d are conseq<span class=\"_ _2b\"></span>uently not chara<span class=\"_ _0\"></span>cteris<span class=\"_ _0\"></span>ed by a <span class=\"wsfa\">signif<span class=\"_ _0\"></span>icant i<span class=\"_ _0\"></span>ncrease </span></div>\n<div class=\"t m0 x7 h4f y80a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in credit ri<span class=\"_ _0\"></span>sk since the<span class=\"_ _0\"></span>ir initial<span class=\"_ _0\"></span>\u00a0recogni<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. class<span class=\"_ _2b\"></span>ified in Stage 1).</div>\n<div class=\"t m0 x7 h4f y80b ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For those i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nts, Ageas recogn<span class=\"_ _0\"></span>ise<span class=\"ls0 ws0\">s </span><span class=\"wsfa\">a loss al<span class=\"_ _0\"></span>lowance f<span class=\"_ _2b\"></span>or expected </span></div>\n<div class=\"t m0 x7 h4f y80c ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit losses a<span class=\"_ _2\"></span>t an amount equal to 12<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">month expect<span class=\"_ _0\"></span>ed credit los<span class=\"_ _0\"></span>ses.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y80d ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80e ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under IAS 39<span class=\"_ _2\"></span>,<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">Ageas classifie<span class=\"_ _2\"></span>d the largest part of its investme<span class=\"_ _2\"></span>nts in </span></div>\n<div class=\"t m0 x7 h4f y80f ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity ins<span class=\"_ _2b\"></span>truments as \u2018avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">for</span>-<span class=\"lse2 ws103\">sale\u2019 and consequen<span class=\"_ _2\"></span>tly measured </span></span></div>\n<div class=\"t m0 x7 h4f y810 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">those i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throug<span class=\"_ _0\"></span>h other c<span class=\"_ _2b\"></span>omprehensive i<span class=\"_ _0\"></span>ncome.</div>\n<div class=\"t m0 x7 h4f y90a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Adoptin<span class=\"_ _0\"></span>g IFRS 9, Age<span class=\"_ _2b\"></span>as decided to conti<span class=\"_ _2b\"></span>nue to measure the l<span class=\"_ _0\"></span>argest part<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y90b ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of its inv<span class=\"_ _2b\"></span>estments in eq<span class=\"_ _2b\"></span>uity instrume<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh other</div>\n<div class=\"t m0 x7 h4f y90c ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income, by a<span class=\"_ _0\"></span>pplying t<span class=\"_ _0\"></span>he irrevoc<span class=\"_ _2b\"></span>able election in IFR<span class=\"_ _0\"></span>S 9 to</div>\n<div class=\"t m0 x7 h4f y90d ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">present subseque<span class=\"_ _2\"></span>nt change<span class=\"ls0 ws0\">s <span class=\"lse0 wsfa\">in the fair val<span class=\"_ _2b\"></span>ue of those inv<span class=\"_ _0\"></span>estments<span class=\"_ _0\"></span>\u00a0in </span></span></div>\n<div class=\"t m0 x7 h4f y90e ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equity in<span class=\"_ _2\"></span>struments in other<span class=\"_ _2\"></span>\u00a0comprehen<span class=\"lse0 wsf0\">sive incom<span class=\"_ _2b\"></span>e. <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y90f ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y910 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As invest<span class=\"_ _0\"></span>ments in eq<span class=\"_ _0\"></span>uity instr<span class=\"_ _2b\"></span>uments are out of scop<span class=\"_ _0\"></span>e of the \u2018expe<span class=\"_ _2b\"></span>cted</div>\n<div class=\"t m0 x7 h4f y911 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit loss mod<span class=\"_ _2\"></span>el\u2019<span class=\"ls0 ws0\">\u00a0<span class=\"ls105 ws12a\">in IFRS 9<span class=\"_ _2\"></span></span></span>, and the requirements in IFRS<span class=\"_ _2\"></span>\u00a09 are to be</div>\n<div class=\"t m0 x7 h4f y912 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applie<span class=\"_ _0\"></span>d retrosp<span class=\"_ _0\"></span>ectivel<span class=\"_ _2b\"></span>y, the main tra<span class=\"_ _0\"></span>nsitio<span class=\"_ _0\"></span>n impact<span class=\"_ _0\"></span>\u00a0relate<span class=\"_ _0\"></span>s to the</div>\n<div class=\"t m0 x7 h4f y913 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">derecognition<span class=\"_ _2\"></span>\u00a0of the impairments<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">that Ageas recog<span class=\"_ _0\"></span>nised on thos<span class=\"_ _2b\"></span>e </span></span></div>\n<div class=\"t m0 x7 h4f y914 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents under IAS 39. <span class=\"lse2 ws103\">At the transition date, th<span class=\"_ _2\"></span>is had a positive </span></div>\n<div class=\"t m0 x7 h4f y915 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact on tot<span class=\"_ _2b\"></span>al equity<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">(EUR 0.3 bil<span class=\"_ _2\"></span>lion).</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y916 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y917 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under IAS 39, pol<span class=\"_ _2\"></span>icyholder loans were recogn<span class=\"_ _2\"></span>ised as financial assets.<span class=\"_ _2\"></span>\u00a0In</div>\n<div class=\"t m0 x7 h4f y918 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">line with th<span class=\"_ _0\"></span>e requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _0\"></span>RS 17,<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">Ageas included the poli<span class=\"_ _2\"></span>cyholder </span></span></div>\n<div class=\"t m0 x7 h4f y919 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loans in t<span class=\"_ _2b\"></span>he measurem<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>ract liabili<span class=\"_ _0\"></span>ties at t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y91a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on date.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91b ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y91c ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 17 result<span class=\"_ _0\"></span>ed in the dere<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of any am<span class=\"_ _0\"></span>ounts</div>\n<div class=\"t m0 x7 h4f y91d ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that wer<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nised u<span class=\"_ _0\"></span>nder IFR<span class=\"_ _2b\"></span>S 4 for deferre<span class=\"_ _0\"></span>d <span class=\"lse1 ws11d\">acquisition costs (DAC) </span></div>\n<div class=\"t m0 x7 h4f y91e ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and value of<span class=\"_ _0\"></span>\u00a0business<span class=\"_ _0\"></span>\u00a0acquir<span class=\"_ _0\"></span>ed (VOBA<span class=\"_ _0\"></span>):<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91f ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsf0\">The amounts relat<span class=\"_ _2b\"></span>ing to DAC (EUR 0.4 <span class=\"lse2 wsfa\">billion) have be<span class=\"_ _2\"></span>en </span></span></span></div>\n<div class=\"t m0 x43 h4f y920 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised at t<span class=\"_ _2b\"></span>he transitio<span class=\"_ _0\"></span>n date t<span class=\"_ _0\"></span>o IFRS <span class=\"_ _0\"></span>17, reflec<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x43 h4f y921 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing policy<span class=\"_ _0\"></span>\u00a0choice of<span class=\"_ _0\"></span>\u00a0Ageas to ex<span class=\"_ _0\"></span>pense insu<span class=\"_ _2b\"></span>rance acquisiti<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x43 h4f y922 ff81 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">costs a<span class=\"lse0 wsf0\">s incurred i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-</span>life busin<span class=\"_ _2b\"></span>ess measured appl<span class=\"_ _2b\"></span>ying the </span></div>\n<div class=\"t m0 x43 h4f y923 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">P<span class=\"lse2 wsfa\">remium A<span class=\"_ _2\"></span>llocation Approach</span>;<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y924 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsf0\">The amounts relat<span class=\"_ _2b\"></span>ing to VOBA (EUR 0.0 bil<span class=\"_ _2b\"></span>lion) have been </span></span></div>\n<div class=\"t m0 x43 h4f y925 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised bec<span class=\"_ _2b\"></span>ause they are inclu<span class=\"_ _0\"></span>ded in the mea<span class=\"_ _0\"></span>sureme<span class=\"_ _2b\"></span>nt of the<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h4f y926 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontract liabilities <span class=\"_ _2\"></span>under IFRS 17.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y973 ff85 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">E<span class=\"lse0 wsf0\">stimated im<span class=\"_ _0\"></span>pact on liab<span class=\"_ _2b\"></span>ilities<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y974 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 9 did not resu<span class=\"_ _0\"></span>lt in any recl<span class=\"_ _2b\"></span>assification of <span class=\"lse2 wsf1\">Ageas's </span></div>\n<div class=\"t m0 x7 h4f y975 ff81 fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">financial<span class=\"_ _2\"></span>\u00a0liabilities.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y976 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9da ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The increa<span class=\"_ _2b\"></span>se in total liabilit<span class=\"_ _2b\"></span>ies mainly relate<span class=\"_ _0\"></span>s to the reme<span class=\"_ _2b\"></span>asurement of</div>\n<div class=\"t m0 x7 h4f y9db ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts, rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contra<span class=\"_ _0\"></span>cts and inve<span class=\"_ _2b\"></span>stme<span class=\"lse1 ws104\">nt contracts </span></div>\n<div class=\"t m0 x7 h4f y9dc ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with disc<span class=\"_ _0\"></span>retion<span class=\"_ _0\"></span>ary partic<span class=\"_ _0\"></span>ipatio<span class=\"_ _0\"></span>n featur<span class=\"_ _0\"></span>es, applyi<span class=\"_ _0\"></span>ng the curr<span class=\"_ _0\"></span>ent value</div>\n<div class=\"t m0 x7 h4f y9dd ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mode<span class=\"_ _0\"></span>l requirem<span class=\"_ _0\"></span>ents in IFR<span class=\"_ _2b\"></span>S 17.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9de ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9df ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">At the <span class=\"_ _2\"></span>transition date, Agea<span class=\"_ _2\"></span>s identified, rec<span class=\"_ _2\"></span>ognised and measured<span class=\"_ _2\"></span>\u00a0each</div>\n<div class=\"t m0 x7 h4f y9e0 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">group of insuran<span class=\"_ _2\"></span>ce contracts, reinsurance con<span class=\"_ _2\"></span>tracts and inv<span class=\"lse0 wsef\">estment </span></div>\n<div class=\"t m0 x7 h4f y9e1 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h discret<span class=\"_ _0\"></span>ionary p<span class=\"_ _0\"></span>artici<span class=\"_ _0\"></span>pation fe<span class=\"_ _0\"></span>atures ret<span class=\"_ _0\"></span>rospect<span class=\"_ _2b\"></span>ively (also</div>\n<div class=\"t m0 x7 h4f y9e2 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">referre<span class=\"_ _0\"></span>d to as the \u2018ful<span class=\"_ _0\"></span>l retros<span class=\"_ _0\"></span>pective a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h\u2019), as if the r<span class=\"_ _0\"></span>equirem<span class=\"_ _0\"></span>ents of</div>\n<div class=\"t m0 x1a h4f y9e3 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>applied t<span class=\"_ _2b\"></span>o those groups<span class=\"_ _0\"></span>\u00a0of cont<span class=\"_ _0\"></span>racts si<span class=\"_ _2b\"></span>nce their initi<span class=\"_ _2b\"></span>al</div>\n<div class=\"t m0 x1a h4f y9e4 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>. This includes the <span class=\"_ _2\"></span>i<span class=\"ws103\">dentification, measurem<span class=\"_ _2\"></span>ent and </span></div>\n<div class=\"t m0 x1a h4f y9e5 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>\u00a0of any (asset for)<span class=\"_ _2\"></span>\u00a0insurance acquisi<span class=\"_ _2\"></span>tion cash flows.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9e6 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9e7 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In some sit<span class=\"_ _0\"></span>uations<span class=\"_ _0\"></span>, Ageas was<span class=\"_ _0\"></span>\u00a0not able to me<span class=\"_ _0\"></span>asure a gro<span class=\"_ _0\"></span>up of insura<span class=\"_ _2b\"></span>nce</div>\n<div class=\"t m0 x1a h4f y9e8 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s at the transi<span class=\"_ _0\"></span>tion dat<span class=\"_ _2b\"></span>e applying the f<span class=\"_ _2b\"></span>ull retrospect<span class=\"_ _0\"></span>ive app<span class=\"_ _0\"></span>roach.</div>\n<div class=\"t m0 x1a h4f y9e9 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This was the <span class=\"lse0 wsf0\">case whereas:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9ea ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsf0\">inform<span class=\"_ _2b\"></span>ation in the existi<span class=\"_ _0\"></span>ng reporti<span class=\"_ _0\"></span>ng system<span class=\"_ _0\"></span>s of Ageas abo<span class=\"_ _2b\"></span>ut </span></span></span></div>\n<div class=\"t m0 x6c h4f y9eb ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">histori<span class=\"_ _0\"></span>cal cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>\u00a0was base<span class=\"_ _2b\"></span>d on assumptions<span class=\"_ _2b\"></span>\u00a0that were</div>\n<div class=\"t m0 x6c h4f y9ec ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ed using hi<span class=\"_ _0\"></span>ndsight<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9ed ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsfa\">Some reasonab<span class=\"_ _2b\"></span>le and support<span class=\"_ _0\"></span>able inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n about historic<span class=\"_ _2b\"></span>al cash </span></span></div>\n<div class=\"t m0 x6c h4f y9ee ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows was<span class=\"_ _0\"></span>\u00a0not availab<span class=\"_ _2b\"></span>le in <span class=\"lse2 ws103\">the e<span class=\"_ _2\"></span>xisting reporting systems<span class=\"_ _2\"></span>\u00a0of Ageas, </span></div>\n<div class=\"t m0 x6c h4f y9ef ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or only avai<span class=\"_ _0\"></span>lable at<span class=\"_ _0\"></span>\u00a0a higher or at diff<span class=\"_ _2b\"></span>erent levels of agg<span class=\"_ _0\"></span>regati<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x6c h4f y9f0 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">than the re<span class=\"_ _0\"></span>quireme<span class=\"_ _2b\"></span>nt on grouping of cont<span class=\"_ _0\"></span>racts un<span class=\"_ _0\"></span>der IFRS 17;<span class=\"_ _0\"></span>\u00a0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9f1 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsfa\">The informati<span class=\"_ _0\"></span>on in the<span class=\"_ _0\"></span>\u00a0existi<span class=\"_ _0\"></span>ng repo<span class=\"_ _0\"></span>rting syst<span class=\"_ _2b\"></span>ems did not per<span class=\"_ _2b\"></span>mit </span></span></div>\n<div class=\"t m0 x6c h4f y9f2 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas to ap<span class=\"_ _2\"></span>propriate<span class=\"lse0\">ly estimat<span class=\"_ _2b\"></span>e the moveme<span class=\"_ _0\"></span>nt of the <span class=\"lse2 wsf1\">c<span class=\"_ _0\"></span>ontractual </span></span></div>\n<div class=\"t m0 x6c h4f y9f3 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">before t<span class=\"_ _2b\"></span>he transitio<span class=\"_ _0\"></span>n date. T<span class=\"_ _2b\"></span>hese movements<span class=\"_ _0\"></span>\u00a0had a<span class=\"wsef\">n </span></span></div>\n<div class=\"t m0 x6c h4f y9f4 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact on th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>ntractua<span class=\"_ _0\"></span>l service m<span class=\"_ _0\"></span>argin<span class=\"ls0 ws0\">\u00a0<span class=\"lsf4 ws10c\">at </span></span><span class=\"wsef\">the <span class=\"lse2 ws103\">transition date<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9f5 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9f6 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In these ins<span class=\"_ _0\"></span>tances,<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>those g<span class=\"_ _0\"></span>roups of in<span class=\"_ _0\"></span>surance c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s were meas<span class=\"_ _2b\"></span>ured</div>\n<div class=\"t m0 x1a h4f y9f7 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the tr<span class=\"_ _2b\"></span>ansition date <span class=\"lse2\">applying the \u2018modified<span class=\"_ _2\"></span>\u00a0retrospective approach\u2019<span class=\"_ _2\"></span>\u00a0or </span></div>\n<div class=\"t m0 x1a h4f y9f8 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applying the<span class=\"_ _2\"></span>\u00a0\u2018fair value approach\u2019 (see bel<span class=\"_ _2\"></span>ow). The objective of tho<span class=\"_ _2\"></span>se</div>\n<div class=\"t m0 x1a h4f y9f9 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">alternative tran<span class=\"_ _2\"></span>sition measurement approa<span class=\"_ _2\"></span>c<span class=\"lse0 wsfa\">h<span class=\"_ _0\"></span>es is to ac<span class=\"_ _2b\"></span>hieve the clos<span class=\"_ _2b\"></span>est </span></div>\n<div class=\"t m0 x1a h4f y9fa ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outcom<span class=\"_ _0\"></span>e possibl<span class=\"_ _2b\"></span>e to the full r<span class=\"_ _0\"></span>etrospec<span class=\"_ _0\"></span>tive ap<span class=\"_ _2b\"></span>proach, using r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble</div>\n<div class=\"t m0 x1a h4f y9fb ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and suppo<span class=\"_ _0\"></span>rtable inf<span class=\"_ _2b\"></span>ormation that is av<span class=\"_ _0\"></span>ailable<span class=\"_ _0\"></span>\u00a0without un<span class=\"_ _0\"></span>due cost or ef<span class=\"_ _0\"></span>fort</div>\n<div class=\"t m0 x1a h4f y9fc ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the tr<span class=\"_ _2b\"></span>ansition date.<span class=\"_ _0\"></span>\u00a0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9fd ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9fe ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For group<span class=\"_ _0\"></span>s of insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts in its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-<span class=\"ls102 ws129\">life busin<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">ess, Ageas applied<span class=\"_ _2\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9ff ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the full retro<span class=\"_ _2\"></span>spective approach to measure<span class=\"_ _2\"></span>\u00a0the liability for remaining</div>\n<div class=\"t m0 x1a h4f ya00 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coverag<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>thos<span class=\"_ _2b\"></span>e groups of insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>acts. The li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span>\u00a0for</div>\n<div class=\"t m0 x1a h4f ya01 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d claims of t<span class=\"_ _0\"></span>hose grou<span class=\"_ _0\"></span>ps of insur<span class=\"_ _2b\"></span>ance contracts h<span class=\"_ _0\"></span>as been</div>\n<div class=\"t m0 x1a h4f ya02 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measured appl<span class=\"_ _2\"></span>ying the full re<span class=\"_ _2\"></span>trospe<span class=\"lse0\">ctive <span class=\"_ _0\"></span>approa<span class=\"_ _0\"></span>ch for th<span class=\"_ _0\"></span>e most r<span class=\"_ _0\"></span>ecent </span></div>\n<div class=\"t m0 x1a h4f ya03 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">accident years and a<span class=\"_ _2\"></span>pplying the modified re<span class=\"_ _2\"></span>trospective approach for</div>\n<div class=\"t m0 x1a h4f ya04 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">claims pri<span class=\"_ _2\"></span>or to 2016.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya05 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya06 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For group<span class=\"_ _0\"></span>s of insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts in its Lif<span class=\"_ _0\"></span>e busines<span class=\"_ _0\"></span>s, Ageas<span class=\"_ _0\"></span>\u00a0applied th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f ya07 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing transit<span class=\"_ _2b\"></span>ion measurement<span class=\"_ _0\"></span>\u00a0approac<span class=\"_ _0\"></span>hes:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya08 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">Gr<span class=\"_ _2\"></span>oups <span class=\"lsf4 ws114\">of L<span class=\"lse0 wsfa\">ife insura<span class=\"_ _2b\"></span>nce contracts<span class=\"_ _0\"></span>\u00a0that we<span class=\"_ _0\"></span>re issue<span class=\"_ _0\"></span>d in 20<span class=\"_ _0\"></span>18 or lat<span class=\"_ _0\"></span>er </span></span></span></span></div>\n<div class=\"t m0 x6c h4f ya09 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have gene<span class=\"_ _0\"></span>rally bee<span class=\"_ _0\"></span>n measure<span class=\"_ _2b\"></span>d applying the full ret<span class=\"_ _0\"></span>rospec<span class=\"_ _0\"></span>tive</div>\n<div class=\"t m0 x6c h4f ya0a ff81 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">approach;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya0b ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 ws103\">Gr<span class=\"_ _2\"></span>oups of Life insurance con<span class=\"_ _2\"></span>tracts that were issued be<span class=\"_ _2\"></span>fore 2018 </span></span></div>\n<div class=\"t m0 x6c h4f ya0c ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">have been<span class=\"_ _2\"></span>\u00a0measured applying <span class=\"_ _2\"></span>the fair value a<span class=\"_ _2\"></span>pproach; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya0d ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">Gr<span class=\"_ _2\"></span>oups</span><span class=\"ff81\">\u00a0<span class=\"lsf4 ws114\">of L<span class=\"lsfc ws115\">ife<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsfa\">insura<span class=\"_ _2b\"></span>nce contracts<span class=\"_ _0\"></span>\u00a0with di<span class=\"_ _0\"></span>rect pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion feat<span class=\"_ _2b\"></span>ures </span></span></span></span></span></div>\n<div class=\"t m0 x6c h4f ya0e ff81 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">have<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">been measured a<span class=\"_ _2b\"></span>pplying the modif<span class=\"_ _0\"></span>ied retros<span class=\"_ _2b\"></span>pective approa<span class=\"_ _0\"></span>ch.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f ya0f ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya10 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For the g<span class=\"_ _2b\"></span>roups of insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts t<span class=\"_ _0\"></span>hat have <span class=\"_ _2b\"></span>been measure<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x1a h4f ya11 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g the modif<span class=\"_ _0\"></span>ied retro<span class=\"_ _2b\"></span>spective appro<span class=\"_ _0\"></span>ach, Ageas<span class=\"_ _0\"></span>\u00a0estimat<span class=\"_ _0\"></span>ed th<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f ya12 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">future cas<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>flo<span class=\"_ _0\"></span>ws at the dat<span class=\"_ _0\"></span>e of initial r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion of the gr<span class=\"_ _0\"></span>oup of</div>\n<div class=\"t m0 x1a h4f ya13 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts as t<span class=\"_ _2b\"></span>he future cas<span class=\"_ _2b\"></span>h flows at the t<span class=\"_ _0\"></span>ransiti<span class=\"_ _0\"></span>on date,</div>\n<div class=\"t m0 x1a h4f ya14 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed by the actua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>cas<span class=\"_ _0\"></span>h flows that<span class=\"_ _0\"></span>\u00a0have occu<span class=\"_ _0\"></span>rred bet<span class=\"_ _0\"></span>ween the d<span class=\"_ _0\"></span>ate</div>\n<div class=\"t m0 x1a h4f ya15 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of initial reco<span class=\"_ _2\"></span>gnition and the transition d<span class=\"_ _2\"></span>ate<span class=\"lse0 wsf0\">. A simila<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>sim<span class=\"_ _0\"></span>plificat<span class=\"_ _2b\"></span>ion was </span></div>\n<div class=\"t m0 x1a h4f ya16 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applie<span class=\"_ _0\"></span>d to the es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es of th<span class=\"_ _0\"></span>e risk adj<span class=\"_ _2b\"></span>ustment for no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">financial ri<span class=\"_ _2\"></span>sk</span>, </span></div>\n<div class=\"t m0 x1a h4f ya17 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">which hav<span class=\"_ _2b\"></span>e been estimat<span class=\"_ _2b\"></span>ed at the transi<span class=\"_ _2b\"></span>tion date and <span class=\"_ _0\"></span>have bee<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f ya18 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed for the <span class=\"_ _2b\"></span>expected rele<span class=\"_ _0\"></span>ase of r<span class=\"_ _0\"></span>isk bef<span class=\"_ _0\"></span>ore the tr<span class=\"_ _2b\"></span>ansition date.<span class=\"_ _0\"></span>\u00a0In</div>\n<div class=\"t m0 x1a h4f ya19 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _0\"></span>ing the rel<span class=\"_ _0\"></span>ease of risk,<span class=\"_ _0\"></span>\u00a0referen<span class=\"_ _0\"></span>ce was made t<span class=\"_ _0\"></span>o the releas<span class=\"_ _2b\"></span>e of risk</div>\n<div class=\"t m0 x1a h4f ya1a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for simil<span class=\"_ _0\"></span>ar contra<span class=\"_ _0\"></span>cts.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 188px; height: 918px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 188px; height: 918px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For the g<span class=\"_ _2b\"></span>roups of insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts t<span class=\"_ _0\"></span>hat have <span class=\"_ _2b\"></span>been measure<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y803 ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">applying <span class=\"_ _2\"></span>the fair value a<span class=\"_ _2\"></span>pproach, Ageas deter<span class=\"_ _2\"></span>mined the contractua<span class=\"_ _2\"></span>l</div>\n<div class=\"t m0 x7 h4f y804 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service <span class=\"_ _0\"></span>margin <span class=\"_ _0\"></span>at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date a<span class=\"_ _0\"></span>s the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _0\"></span>n the fa<span class=\"_ _0\"></span>ir</div>\n<div class=\"t m0 x7 h4f y805 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the g<span class=\"_ _2b\"></span>roup of <span class=\"wsef\">insurance <span class=\"wsfa\">co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>\u00a0at that <span class=\"_ _0\"></span>date<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">and the fulfilmen<span class=\"_ _2\"></span>t </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>\u00a0of the same gr<span class=\"_ _2b\"></span>oup measured apply<span class=\"_ _2b\"></span>ing the requirem<span class=\"_ _0\"></span>ents in</div>\n<div class=\"t m0 x7 h4f y807 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 at th<span class=\"_ _0\"></span>at date. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y808 ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y809 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In determ<span class=\"_ _0\"></span>ining the f<span class=\"_ _0\"></span>air value of<span class=\"_ _0\"></span>\u00a0a group of insur<span class=\"_ _0\"></span>ance co<span class=\"_ _0\"></span>ntracts,<span class=\"_ _0\"></span>\u00a0Ageas</div>\n<div class=\"t m0 x7 h4f y80a ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">applied the<span class=\"_ _2\"></span>\u00a0requirements in <span class=\"_ _2\"></span>IFRS 13 \u2018Fair v<span class=\"_ _2\"></span>alue measurement\u2019, w<span class=\"_ _2\"></span>ith the</div>\n<div class=\"t m0 x7 h4f y80b ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">fol<span class=\"lse2 ws103\">lowing consider<span class=\"_ _2\"></span>ations:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y80c ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse2 ws103\">A<span class=\"_ _2\"></span>ssumptions about expected <span class=\"lse0 wsf0\">future cash flow<span class=\"_ _0\"></span>s and risk al<span class=\"_ _0\"></span>lowances<span class=\"_ _0\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x43 h4f y80d ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are adjus<span class=\"_ _0\"></span>ted to t<span class=\"_ _2b\"></span>he view of the m<span class=\"_ _2b\"></span>arket particip<span class=\"_ _0\"></span>ant, in <span class=\"_ _0\"></span>line wit<span class=\"_ _2b\"></span>h the</div>\n<div class=\"t m0 x43 h4f y80e ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _2b\"></span>RS 13;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80f ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsfa\">Discount rates<span class=\"_ _0\"></span>\u00a0used i<span class=\"_ _0\"></span>n measu<span class=\"_ _0\"></span>ring the <span class=\"_ _0\"></span>cash flo<span class=\"_ _2b\"></span>ws assume a ma<span class=\"_ _0\"></span>rket </span></span></div>\n<div class=\"t m0 x43 h4f y810 ff86 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">consistent<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsfa\">remuner<span class=\"_ _2b\"></span>ation for the c<span class=\"_ _0\"></span>ost of c<span class=\"_ _0\"></span>apital a<span class=\"_ _0\"></span>nd are ad<span class=\"_ _2b\"></span>justed to </span></span></div>\n<div class=\"t m0 x43 h4f y90a ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflect t<span class=\"_ _0\"></span>he risk of non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">performa<span class=\"_ _0\"></span>nce by Ageas<span class=\"_ _0\"></span>, as issuer o<span class=\"_ _2b\"></span>f <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x43 h4f y90b ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90c ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsfa\">The cash flows<span class=\"_ _0\"></span>\u00a0are adj<span class=\"_ _0\"></span>usted to <span class=\"_ _0\"></span>reflect<span class=\"_ _0\"></span>\u00a0profit m<span class=\"_ _2b\"></span>argins that a m<span class=\"_ _0\"></span>arket </span></span></div>\n<div class=\"t m0 x43 h4f y90d ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participant wou<span class=\"_ _2\"></span>ld require for<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">acceptin<span class=\"_ _0\"></span>g the obligat<span class=\"_ _2b\"></span>i<span class=\"wsfa\">ons under the </span></span></span></div>\n<div class=\"t m0 x43 h4f y90e ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">group of co<span class=\"_ _0\"></span>ntracts an<span class=\"_ _0\"></span>d include t<span class=\"_ _0\"></span>he non<span class=\"ls0 ws0\">-</span>direct<span class=\"_ _2b\"></span>ly attributable c<span class=\"_ _0\"></span>osts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90f ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y910 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The result<span class=\"_ _0\"></span>s of the calc<span class=\"_ _2b\"></span>ulated fair value<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>have b<span class=\"_ _0\"></span>een compa<span class=\"_ _0\"></span>red agains<span class=\"_ _0\"></span>t</div>\n<div class=\"t m0 x7 h4f y911 ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">commonly u<span class=\"_ _2\"></span>sed market metrics<span class=\"_ _2\"></span>\u00a0to provide addition<span class=\"_ _2\"></span>al comfort.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y912 ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y913 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In determ<span class=\"_ _0\"></span>ining the f<span class=\"_ _0\"></span>ulfilment<span class=\"_ _0\"></span>\u00a0cash flow<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>of a gro<span class=\"_ _2b\"></span>up of insurance contr<span class=\"_ _2b\"></span>acts</div>\n<div class=\"t m0 x7 h4f y914 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that has <span class=\"_ _0\"></span>been me<span class=\"_ _0\"></span>asured <span class=\"_ _0\"></span>at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date a<span class=\"_ _0\"></span>pplyin<span class=\"_ _0\"></span>g the fai<span class=\"_ _0\"></span>r value</div>\n<div class=\"t m0 x7 h4f y915 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">approach, Ageas<span class=\"_ _2\"></span>\u00a0estimated the fulfilmen<span class=\"_ _2\"></span>t cash flows prospectively and<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y916 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed those fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash flow<span class=\"_ _2b\"></span>s using the appl<span class=\"_ _2b\"></span>icable discou<span class=\"_ _2b\"></span>nt</div>\n<div class=\"t m0 x7 h4f y917 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rates at t<span class=\"_ _2b\"></span>he tra<span class=\"lse2\">nsition da<span class=\"_ _2\"></span>te. Furthermore, Age<span class=\"_ _2\"></span>as grouped contrac<span class=\"_ _2\"></span>ts from </span></div>\n<div class=\"t m0 x1a h4f ya1d ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">multip<span class=\"_ _0\"></span>le annual c<span class=\"_ _0\"></span>ohorts int<span class=\"_ _0\"></span>o a single un<span class=\"_ _0\"></span>it of accou<span class=\"_ _0\"></span>nt for meas<span class=\"_ _2b\"></span>ur<span class=\"wsef\">ement<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f ya1e ff86 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">purposes<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span>\u00a0</span><span class=\"ws103\">as its reporting syste<span class=\"_ _2\"></span>ms did not have reasonable and </span></div>\n<div class=\"t m0 x1a h4f ya1f ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">support<span class=\"_ _2b\"></span>able informati<span class=\"_ _2b\"></span>on to provide t<span class=\"_ _2b\"></span>he required inf<span class=\"_ _2b\"></span>ormation by gr<span class=\"_ _0\"></span>ou<span class=\"lse1 wsf0\">ps <span class=\"lsf4 ws10c\">of </span></span></div>\n<div class=\"t m0 x1a h4f ya20 ff86 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">contracts <span class=\"lse2 wsfa\">that includ<span class=\"_ _2\"></span>e only <span class=\"lse0 wsef\">insuranc<span class=\"_ _0\"></span>e <span class=\"wsfa\">contract<span class=\"_ _2b\"></span>s issued withi<span class=\"_ _0\"></span>n one ye<span class=\"_ _0\"></span>ar.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 ya21 ff8a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>ed impact on share<span class=\"_ _0\"></span>holders<span class=\"_ _0\"></span>\u2019 equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya22 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In analysi<span class=\"_ _2b\"></span>ng <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he decrea<span class=\"_ _0\"></span>se in shareh<span class=\"_ _0\"></span>olders<span class=\"_ _0\"></span>\u2019 equity at<span class=\"_ _0\"></span>\u00a0the transiti<span class=\"_ _2b\"></span>on date,</div>\n<div class=\"t m0 x1a h4f ya23 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a disti<span class=\"_ _0\"></span>nction s<span class=\"_ _0\"></span>hould be m<span class=\"_ _2b\"></span>ade between the<span class=\"_ _2b\"></span>\u00a0impact of the <span class=\"wsf0\">a<span class=\"_ _0\"></span>doption of<span class=\"_ _0\"></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya24 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 9 &amp; IFRS 1<span class=\"_ _0\"></span>7 on shareh<span class=\"_ _0\"></span>olders\u2019 e<span class=\"_ _0\"></span>quity exc<span class=\"_ _0\"></span>luding ot<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x1a h4f ya25 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income and o<span class=\"_ _0\"></span>n other com<span class=\"_ _0\"></span>prehens<span class=\"_ _2b\"></span>ive income:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya26 ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsf0\">The adoption of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 by th<span class=\"_ _0\"></span>e subsidia<span class=\"_ _2b\"></span>ries of Ageas </span></span></div>\n<div class=\"t m0 x6c h4f ya27 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in a non<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">significant</span>\u00a0<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">net</span>\u00a0</span><span class=\"wsfa\">decre<span class=\"_ _0\"></span>ase of <span class=\"lse2\">shareholders\u2019 equity </span></span></div>\n<div class=\"t m0 x6c h4f ya28 ff86 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">ex<span class=\"lse2 wsfa\">cluding other <span class=\"_ _2\"></span>comprehensive income<span class=\"_ _2\"></span>. This decrease main<span class=\"_ _2\"></span>ly </span></div>\n<div class=\"t m0 x6c h4f ya29 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">relates to the<span class=\"_ _2\"></span>\u00a0derecognition of any amounts<span class=\"_ _2\"></span>\u00a0that were recognised</div>\n<div class=\"t m0 x6c h4f ya2a ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">under IFR<span class=\"_ _0\"></span>S 4 for deferr<span class=\"_ _2b\"></span>ed acquisition cost<span class=\"_ _0\"></span>s and val<span class=\"_ _0\"></span>ue of busines<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x6c h4f ya2b ff86 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>d, <span class=\"wsf0\">partly co<span class=\"_ _2b\"></span>mpensated by<span class=\"ls0 ws0\">\u00a0</span>the der<span class=\"_ _2b\"></span>ecognition of im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nts </span></div>\n<div class=\"t m0 x6c h4f ya2c ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">tha<span class=\"lse2 wsfa\">t Ageas r<span class=\"_ _2\"></span>ecognised under <span class=\"_ _2\"></span>IAS 39 for its inv<span class=\"_ _2\"></span>estments in equity </span></div>\n<div class=\"t m0 x6c h4f ya2d ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">instruments. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya2e ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsf0\">The adoption of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 by th<span class=\"_ _0\"></span>e subsidia<span class=\"_ _2b\"></span>ries of Ageas </span></span></div>\n<div class=\"t m0 x6c h4f ya2f ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in a materi<span class=\"_ _0\"></span>al net decr<span class=\"_ _0\"></span>ease of othe<span class=\"_ _0\"></span>r compreh<span class=\"_ _0\"></span>ensive inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x6c h4f ya30 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">measured in shar<span class=\"_ _2\"></span>eholders\u2019 equity. This is<span class=\"_ _2\"></span>\u00a0the part o<span class=\"ls0 ws0\">f </span>equity t<span class=\"_ _2\"></span>hat</div>\n<div class=\"t m0 x6c h4f ya31 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">relates<span class=\"_ _0\"></span>\u00a0to unre<span class=\"_ _0\"></span>alised g<span class=\"_ _0\"></span>ains or <span class=\"_ _0\"></span>losses <span class=\"_ _0\"></span>on invest<span class=\"_ _2b\"></span>ments in financ<span class=\"_ _2b\"></span>ial</div>\n<div class=\"t m0 x6c h4f ya32 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents and on<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>(re)i<span class=\"_ _2b\"></span>nsurance<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">contract liabi<span class=\"_ _2\"></span>lities. The decrea<span class=\"_ _2\"></span>se </span></span></div>\n<div class=\"t m0 x6c h4f ya33 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of othe<span class=\"_ _0\"></span>r compre<span class=\"_ _0\"></span>hensive <span class=\"_ _0\"></span>income <span class=\"_ _2b\"></span>mainly relates<span class=\"_ _0\"></span>\u00a0to the</div>\n<div class=\"t m0 x6c h4f ya34 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span>\u00a0(re)ins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontracts at<span class=\"_ _0\"></span>\u00a0the transit<span class=\"_ _2b\"></span>i<span class=\"wsfa\">on date. </span></div>\n<div class=\"t m0 x6c h4f ya35 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The increa<span class=\"_ _2b\"></span>se in other compreh<span class=\"_ _2b\"></span>ensive income ref<span class=\"_ _0\"></span>lects th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x6c h4f ya36 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">remeasurement o<span class=\"_ _2\"></span>f financial instruments at the<span class=\"_ _2\"></span>\u00a0transition date</div>\n<div class=\"t m0 x6c h4f ya37 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing thei<span class=\"_ _0\"></span>r classif<span class=\"_ _0\"></span>ication <span class=\"_ _2b\"></span>under IFRS 9, n<span class=\"_ _0\"></span>et of th<span class=\"_ _0\"></span>e derecog<span class=\"_ _2b\"></span>nition</div>\n<div class=\"t m0 x6c h4f ya38 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of shadow ac<span class=\"_ _2b\"></span>counting unde<span class=\"_ _0\"></span>r IFRS 4.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 645px; height: 461px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 645px; height: 461px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below inclu<span class=\"_ _0\"></span>des the ma<span class=\"_ _0\"></span>in estimat<span class=\"_ _2b\"></span>ed impacts of the adopt<span class=\"_ _2b\"></span>ion of IFRS 9 &amp; IFRS 17 on 1 Janu<span class=\"_ _2b\"></span>ary 2022 (in rounde<span class=\"_ _0\"></span>d billion<span class=\"_ _0\"></span><span class=\"wsfa\">s of euros<span class=\"_ _2b\"></span>):<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x21b h52 y5ff ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 472px; bottom: 1065px; z-index: 15;\">Balance as at<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x196 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 487px; bottom: 1050px; z-index: 15;\">1 January<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x21f h52 y603 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 494px; bottom: 1035px; z-index: 15;\">2022 as<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 1020px; z-index: 15;\">previously<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 493px; bottom: 1006px; z-index: 15;\">reported<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 1050px; z-index: 15;\">Adjustments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 1035px; z-index: 15;\">due <span class=\"lse7 ws109\">to<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x151 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 550px; bottom: 1020px; z-index: 15;\">adoption of<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y5f4 ff8b fs3c fc1f sc0 lsf0 ws12b\" style=\"left: 566px; bottom: 1006px; z-index: 15;\">IFRS 9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 628px; bottom: 1006px; z-index: 15;\">Transfer<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 680px; bottom: 1050px; z-index: 15;\">Adjustments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff8b fs3c fc1f sc0 lse4 wsf6\" style=\"left: 703px; bottom: 1035px; z-index: 15;\">due to<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 685px; bottom: 1020px; z-index: 15;\">adoption of<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lsf0 ws12b\" style=\"left: 696px; bottom: 1006px; z-index: 15;\">IFRS 17<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19e h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 761px; bottom: 1050px; z-index: 15;\">Restated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x21b h52 y603 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 743px; bottom: 1035px; z-index: 15;\">balance as at<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x196 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 758px; bottom: 1020px; z-index: 15;\">1 January<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1006px; z-index: 15;\">2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 269px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f4 ff8d fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 975px; z-index: 15;\">IFRS4/IAS39 as previously reported<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f4 ff8d fs3c fc1f sc0 lsef ws102\" style=\"left: 269px; bottom: 975px; z-index: 15;\">IFRS 1<span class=\"_ _2\"></span>7/IFRS 9 rest<span class=\"_ _2\"></span>ated <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Cash<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">cash</span>\u00a0</span>equivalents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 960px; z-index: 15;\">Cash<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">cash</span>\u00a0</span>equivalents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 960px; z-index: 15;\">1.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 960px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f2 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f2 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 960px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Financial investments (incl. loans<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 945px; z-index: 15;\">Financial investments (incl. loans<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 945px; z-index: 15;\">74.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 945px; z-index: 15;\">0.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y60e ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 945px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 945px; z-index: 15;\">74.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Investments related to UL contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 931px; z-index: 15;\">UL Financial investments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 931px; z-index: 15;\">18.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 931px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 931px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 931px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 931px; z-index: 15;\">21.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Investment property<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 269px; bottom: 916px; z-index: 15;\">Inv<span class=\"_ _2\"></span>estment <span class=\"_ _2\"></span><span class=\"lse4 wsf4\">property<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 916px; z-index: 15;\">3.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 916px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 916px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 916px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 916px; z-index: 15;\">3.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 901px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y656 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 901px; z-index: 15;\">(1.<span class=\"_ _2\"></span>3)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 901px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 886px; z-index: 15;\">Reinsurance contract assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 716px; bottom: 886px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 886px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 871px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 871px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 871px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Equity<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">accounted investments<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 856px; z-index: 15;\">Equity<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">accounted investments<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 856px; z-index: 15;\">5.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 856px; z-index: 15;\">5.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Property<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0</span>equipment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 842px; z-index: 15;\">Property and<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf4\">equipment<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 842px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 842px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y647 ff8b fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">and</span>\u00a0<span class=\"lse4 wsf4\">other</span>\u00a0<span class=\"lse4 wsf4\">intangible</span>\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y647 ff8b fs3c fc14 sc0 ls109 ws12c\" style=\"left: 269px; bottom: 827px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">and</span>\u00a0<span class=\"lse4 wsf4\">other</span>\u00a0<span class=\"lse4 wsf4\">intangible</span>\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y647 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 827px; z-index: 15;\">1.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y647 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 827px; z-index: 15;\">1.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lsec wsfe\">as<span class=\"_ _2\"></span>sets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 269px; bottom: 812px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lsec wsfe\">as<span class=\"_ _2\"></span>sets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 812px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y603 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 575px; bottom: 812px; z-index: 15;\">(1.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y603 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 812px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 716px; bottom: 812px; z-index: 15;\">2.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 812px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Accrued interests and other a<span class=\"_ _0\"></span>ssets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 797px; z-index: 15;\">Accrued <span class=\"wsf3\">interests and other assets<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 797px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 797px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 797px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y608 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 797px; z-index: 15;\">(0.<span class=\"_ _2\"></span>4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 797px; z-index: 15;\">1.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y603 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h54 y603 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 269px; bottom: 782px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x220 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 782px; z-index: 15;\">111.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 782px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y603 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 782px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 782px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 782px; z-index: 15;\">113.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 752px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Liabilities related to UL con<span class=\"_ _0\"></span>tracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 738px; z-index: 15;\">Investment contract liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 738px; z-index: 15;\">18.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 738px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 738px; z-index: 15;\">3.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5f2 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 738px; z-index: 15;\">(7.<span class=\"_ _2\"></span>7)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 738px; z-index: 15;\">14.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 723px; z-index: 15;\">Life/Non<span class=\"ls0 ws0\">-<span class=\"lsef ws102\">Lif<span class=\"_ _2\"></span>e insuranc<span class=\"_ _2\"></span>e liabilit<span class=\"_ _2\"></span>ies</span>\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 711px; bottom: 723px; z-index: 15;\">80.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 723px; z-index: 15;\">80.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Liabilities from Life/Non<span class=\"ls0 ws0\">-</span>life insurance contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 708px; z-index: 15;\">36.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y5f9 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 642px; bottom: 708px; z-index: 15;\">(3.<span class=\"_ _2\"></span>1)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11c h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 708px; z-index: 15;\">(33.4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 693px; z-index: 15;\">Liabilities from Life investments contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 693px; z-index: 15;\">30.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x11c h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 693px; z-index: 15;\">(30.6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 678px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 678px; z-index: 15;\">3.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 678px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 678px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y5f9 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 678px; z-index: 15;\">(0.<span class=\"_ _2\"></span>1)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 678px; z-index: 15;\">3.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 663px; z-index: 15;\">Provisions<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 663px; z-index: 15;\">Provisions<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 663px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 663px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lse4 wsf4\">liabilities</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 269px; bottom: 648px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lse4 wsf4\">liabilities</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5fc ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 648px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5fc ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 575px; bottom: 648px; z-index: 15;\">(0.<span class=\"_ _2\"></span>6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5fc ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 648px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5fc ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 648px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5fc ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 648px; z-index: 15;\">0.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Subordinated<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 634px; z-index: 15;\">Subordinated<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 634px; z-index: 15;\">2.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 634px; z-index: 15;\">2.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 619px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse6 wsf7\" style=\"left: 269px; bottom: 619px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 619px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 619px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 604px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 604px; z-index: 15;\">2.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 604px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 604px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y601 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 604px; z-index: 15;\">(0.<span class=\"_ _2\"></span>6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 604px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5ff ff8d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 589px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5ff ff8d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 269px; bottom: 589px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 589px; z-index: 15;\">96.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h54 y5ff ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 575px; bottom: 589px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5ff ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 589px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 589px; z-index: 15;\">8.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 589px; z-index: 15;\">104.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Share capital and retained ea<span class=\"_ _0\"></span>rnings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 559px; z-index: 15;\">Share capital and retained ea<span class=\"_ _0\"></span>rnings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 559px; z-index: 15;\">8.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 559px; z-index: 15;\">0.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y603 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 559px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y603 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 559px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 559px; z-index: 15;\">7.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Other comprehensive income<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 544px; z-index: 15;\">Other comprehensive income<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 544px; z-index: 15;\">3.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 544px; z-index: 15;\">1.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y638 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 544px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y638 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 544px; z-index: 15;\">(4.<span class=\"_ _2\"></span>7)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 544px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interest<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x14d h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 530px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interest<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 530px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 530px; z-index: 15;\">0.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y632 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 530px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y632 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 530px; z-index: 15;\">(1.<span class=\"_ _2\"></span>8)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 530px; z-index: 15;\">1.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Total equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc1f sc0 lse8 wsf9\" style=\"left: 269px; bottom: 515px; z-index: 15;\">Total equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 515px; z-index: 15;\">14.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 515px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 515px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h54 y5f2 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 710px; bottom: 515px; z-index: 15;\">(7.<span class=\"_ _2\"></span>0)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 784px; bottom: 515px; z-index: 15;\">9.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x5f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 365px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f9 ff8d fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 485px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span>\u00a0and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f9 ff8d fs3c fc1f sc0 lse7 ws0\" style=\"left: 269px; bottom: 485px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span>\u00a0and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 485px; z-index: 15;\">111.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 485px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5f9 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 485px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 485px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 485px; z-index: 15;\">113.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya62 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya63 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya64 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Lif<span class=\"_ _2b\"></span>e/Non<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">Life ins<span class=\"_ _2\"></span>urance <span class=\"lse0\">liabil<span class=\"_ _0\"></span>ities\u2019 a<span class=\"_ _0\"></span>bove inc<span class=\"_ _2b\"></span>ludes an amount<span class=\"_ _0\"></span>\u00a0of con<span class=\"_ _2b\"></span>tractual servic<span class=\"_ _2b\"></span>e margin of EUR <span class=\"_ _2b\"></span>3 billion.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f ya65 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya66 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya67 ff8b fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">E.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse2 ws103\">Other change<span class=\"_ _2\"></span>s in IFRS standards</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya68 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not expect<span class=\"_ _0\"></span>\u00a0that other f<span class=\"_ _0\"></span>orthcom<span class=\"_ _2b\"></span>ing new or revised IFR<span class=\"_ _2b\"></span>S</div>\n<div class=\"t m0 x7 h4f ya69 ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">standards, in<span class=\"_ _2\"></span>terpretations and amendments<span class=\"_ _2\"></span>\u00a0to IFRS standards and</div>\n<div class=\"t m0 x7 h4f ya6a ff8b fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">interpretation<span class=\"_ _2\"></span>s, that will be<span class=\"_ _2\"></span>come effective for<span class=\"_ _2\"></span>\u00a0annual reporting <span class=\"_ _2\"></span>periods on</div>\n<div class=\"t m0 x7 h4f ya6b ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">1 January 2023 or<span class=\"_ _2\"></span>\u00a0later, will affect the con<span class=\"_ _2\"></span>solidat<span class=\"lse0 wsf0\">ed state<span class=\"_ _0\"></span>ment of </span></div>\n<div class=\"t m0 x7 h4f ya6c ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al posit<span class=\"_ _0\"></span>ion and inc<span class=\"_ _0\"></span>ome statem<span class=\"_ _2b\"></span>ent of Ageas in a signifi<span class=\"_ _0\"></span>cant way.</div>\n<div class=\"t m0 x7 h4f ya6d ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Not all thos<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cha<span class=\"_ _0\"></span>nges have al<span class=\"_ _2b\"></span>ready been endors<span class=\"_ _2b\"></span>ed by the EU. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya6e ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya6f ff8b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Those c<span class=\"_ _0\"></span>hanges <span class=\"_ _0\"></span>relate to:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya70 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 1 \u2018Classi<span class=\"_ _0\"></span>ficati<span class=\"_ _0\"></span>on of liabilit<span class=\"_ _0\"></span>ies as cur<span class=\"_ _0\"></span>rent or non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span></span></span></div>\n<div class=\"t m0 x6c h4f ya71 ff8b fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">current\u2019; <span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya72 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse2 ws103\">A<span class=\"_ _2\"></span>mendments to IAS 1 \u2018Non<span class=\"ls0 ws0\">-</span>cu<span class=\"_ _2\"></span>rrent liabilities with covena<span class=\"_ _2\"></span>nts\u2019;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f ya73 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 1 a<span class=\"_ _0\"></span>nd IFR<span class=\"_ _0\"></span>S practic<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment 2 \u2018D<span class=\"_ _2b\"></span>isclosure of </span></span></div>\n<div class=\"t m0 x6c h4f ya74 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing polic<span class=\"_ _0\"></span>ies\u2019;<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya75 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 8 \u2018<span class=\"_ _0\"></span>Defini<span class=\"lse2\">tion of accounting est<span class=\"_ _2\"></span>imates\u2019;<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f ya76 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 12 \u2018Defe<span class=\"_ _0\"></span>rred tax re<span class=\"_ _0\"></span>lated to ass<span class=\"_ _2b\"></span>ets and liabiliti<span class=\"_ _0\"></span>es </span></span></div>\n<div class=\"t m0 x6c h4f ya77 ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">arising from<span class=\"_ _2\"></span>\u00a0a single transaction\u2019; and <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya78 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse2 ws103\">A<span class=\"_ _2\"></span>mendments to IFRS 16 \u2018Lease li<span class=\"_ _2\"></span>ability in a sale and leaseback<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u2019. </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 238px; height: 868px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 238px; height: 868px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag507": {
   "value": "\n<div class=\"t m0 x1a h4f y7de ff58 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.2.2<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1ef\">\u00a0</span><span class=\"lse2 ws103\">Up<span class=\"_ _2\"></span>coming changes in IFRS <span class=\"wsf1\">Standards</span></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7df ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The follo<span class=\"_ _0\"></span>wing new or r<span class=\"_ _0\"></span>evised IFR<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>stan<span class=\"_ _2b\"></span>dards, interpret<span class=\"_ _2b\"></span>ations, and</div>\n<div class=\"t m0 x1a h4f y7e0 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">amendments <span class=\"_ _2\"></span>to IFRS standards an<span class=\"_ _2\"></span>d <span class=\"lse0 wsf0\">inter<span class=\"_ _0\"></span>pretat<span class=\"_ _0\"></span>ions will be<span class=\"_ _0\"></span>come </span></div>\n<div class=\"t m0 x1a h4f y7e1 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve for an<span class=\"_ _2b\"></span>nual reportin<span class=\"_ _2b\"></span>g periods start<span class=\"_ _0\"></span>ing on 1 J<span class=\"_ _2b\"></span>anuary 2023 or <span class=\"_ _0\"></span>later.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7e2 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7e3 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas h<span class=\"_ _0\"></span>as not ea<span class=\"_ _2b\"></span>rly adopted any I<span class=\"_ _2b\"></span>FRS standard,<span class=\"_ _2b\"></span>\u00a0interpretati<span class=\"_ _2b\"></span>on or</div>\n<div class=\"t m0 x1a h4f y7e4 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ent that has<span class=\"_ _0\"></span>\u00a0been issue<span class=\"_ _0\"></span>d by the IASB b<span class=\"_ _0\"></span>ut that is not<span class=\"_ _0\"></span>\u00a0yet</div>\n<div class=\"t m0 x1a h4f y7e5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve or has not<span class=\"_ _0\"></span>\u00a0ye<span class=\"lse2 wsfa\">t been endor<span class=\"_ _2\"></span>sed by the EU.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y7e6 ff58 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">A.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse2 wsfa\">Extension<span class=\"_ _2\"></span>\u00a0of the temporar<span class=\"_ _2\"></span>y exemption from a<span class=\"_ _2\"></span>pplying IFRS 9</span>\u00a0\u2013<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x1e6 h4f y7e7 ff58 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Amendments to IFR<span class=\"_ _2\"></span>S 4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y7e8 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The IASB iss<span class=\"_ _2b\"></span>ued IFRS 9 \u2018Financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments\u2019 i<span class=\"_ _0\"></span>n July 2014 an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e EU</div>\n<div class=\"t m0 x1a h4f y7e9 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">endors<span class=\"_ _0\"></span>ed IFRS <span class=\"_ _0\"></span>9 in Novem<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>16. Alth<span class=\"_ _2b\"></span>ough IFRS 9 app<span class=\"_ _0\"></span>lies for <span class=\"_ _2b\"></span>annual</div>\n<div class=\"t m0 x1a h4f y7ea ff58 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">repor<span class=\"ws103\">ting period<span class=\"_ _2\"></span>s <span class=\"lse0 wsef\">start<span class=\"_ _2b\"></span>ing<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">on or after 1 January 2<span class=\"_ _2b\"></span>018, Ageas conti<span class=\"_ _0\"></span>nue<span class=\"ls0 ws0\">s </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y7eb ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to apply IA<span class=\"_ _0\"></span>S 39 \u2018Financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsfa\">recognition<span class=\"_ _2\"></span>\u00a0and measurement\u2019<span class=\"lsf4 ws10c\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y7ec ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas will appl<span class=\"_ _2\"></span>y IFRS 9 for the first time as<span class=\"_ _2\"></span>\u00a0from 1 January 2023<span class=\"lse0 wsfa\">. The </span></div>\n<div class=\"t m0 x1a h4f y7ed ff58 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reasons behind<span class=\"_ _2\"></span>\u00a0this derogation are explained<span class=\"_ _2\"></span>\u00a0bel<span class=\"lse0 wsef\">ow<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f y7ee ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7ef ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas co<span class=\"_ _2b\"></span>ntinues to app<span class=\"_ _2b\"></span>ly IAS 39 beca<span class=\"_ _0\"></span>use it is <span class=\"_ _0\"></span>permitt<span class=\"_ _0\"></span>ed to do s<span class=\"_ _2b\"></span>o by</div>\n<div class=\"t m0 x1a h4f y7f0 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to I<span class=\"_ _0\"></span>FRS 4. T<span class=\"_ _0\"></span>he IAS<span class=\"_ _0\"></span>B initiall<span class=\"_ _2b\"></span>y issued amend<span class=\"_ _0\"></span>ments i<span class=\"_ _0\"></span>n this</div>\n<div class=\"t m0 x1a h4f y7f1 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect i<span class=\"_ _0\"></span>n Septembe<span class=\"_ _2b\"></span>r 2016 (which have be<span class=\"_ _0\"></span>en endors<span class=\"_ _0\"></span>ed by the EU in</div>\n<div class=\"t m0 x1a h4f y7f2 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">November 2017<span class=\"_ _2\"></span>) and re<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">confirmed <span class=\"wsf0\">in Ju<span class=\"_ _0\"></span>ne 2020 <span class=\"lsfc ws121\">that i<span class=\"lse2 ws103\">nsu<span class=\"_ _2\"></span>rers can apply </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y7f3 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">both IFRS 9 \u2018F<span class=\"_ _0\"></span>inancia<span class=\"_ _0\"></span>l instru<span class=\"_ _0\"></span>ments\u2019 a<span class=\"_ _0\"></span>nd IFRS 17 \u2018Ins<span class=\"_ _2b\"></span>urance contracts<span class=\"_ _2b\"></span>\u2019</div>\n<div class=\"t m0 x1a h4f y7f4 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">togeth<span class=\"_ _0\"></span>er for the f<span class=\"_ _2b\"></span>irst time by i<span class=\"_ _0\"></span>ssuing a<span class=\"_ _2b\"></span>mendments to IF<span class=\"_ _2b\"></span>RS 4 \u2018Extens<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y7f5 ff58 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the tempo<span class=\"_ _2b\"></span>rary exemption fr<span class=\"_ _0\"></span>om applyi<span class=\"_ _0\"></span>ng IFRS 9\u2019. Th<span class=\"_ _2b\"></span>e EU endorsed</div>\n<div class=\"t m0 x1a h4f y7f6 ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">these amend<span class=\"_ _2\"></span>ments in December 20<span class=\"_ _2\"></span><span class=\"wsf1\">20.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y7f7 ff58 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y7f8 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The ame<span class=\"_ _0\"></span>ndments<span class=\"_ _0\"></span>\u00a0to IFR<span class=\"_ _0\"></span>S 4 fores<span class=\"_ _0\"></span>ee in tw<span class=\"_ _0\"></span>o optio<span class=\"_ _2b\"></span>ns to minimise t<span class=\"_ _2b\"></span>he effect</div>\n<div class=\"t m0 x1a h4f y7f9 ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the d<span class=\"_ _0\"></span>ifferent<span class=\"_ _0\"></span>\u00a0effect<span class=\"_ _0\"></span>ive dat<span class=\"_ _0\"></span>es of IFR<span class=\"_ _2b\"></span>S 9 (2018) and I<span class=\"_ _0\"></span>FRS 17 (<span class=\"_ _0\"></span>2023).</div>\n<div class=\"t m0 x1a h4f y7fa ff58 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These opt<span class=\"_ _2b\"></span>ions are the \u2018<span class=\"_ _0\"></span>overlay<span class=\"_ _0\"></span>\u00a0approa<span class=\"_ _0\"></span>ch\u2019 and t<span class=\"_ _0\"></span>he \u2018tem<span class=\"_ _0\"></span>porary e<span class=\"_ _0\"></span>xempti<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x1a h4f y7fb ff58 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from apply<span class=\"_ _2\"></span>ing IFRS 9\u2019.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 503px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 503px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The temp<span class=\"_ _0\"></span>orary exe<span class=\"_ _0\"></span>mption fr<span class=\"_ _0\"></span>om applyi<span class=\"_ _2b\"></span>ng IFRS 9 is an optional<span class=\"_ _0\"></span>\u00a0tempora<span class=\"_ _0\"></span>ry</div>\n<div class=\"t m0 x7 h4f y803 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exempt<span class=\"_ _0\"></span>ion from apply<span class=\"_ _2b\"></span>ing IFRS 9 no later th<span class=\"_ _0\"></span>an report<span class=\"_ _0\"></span>ing period<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>arting</div>\n<div class=\"t m0 x7 h4f y804 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on or after 1 Ja<span class=\"_ _0\"></span>nuary 202<span class=\"_ _0\"></span>3, for entit<span class=\"_ _0\"></span>ies whos<span class=\"_ _0\"></span>e activit<span class=\"_ _0\"></span>ies are</div>\n<div class=\"t m0 x7 h4f y805 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">predom<span class=\"_ _0\"></span>inantly c<span class=\"_ _0\"></span>onnected w<span class=\"_ _0\"></span>ith issui<span class=\"_ _0\"></span>ng contr<span class=\"_ _0\"></span>acts that a<span class=\"_ _0\"></span>re in the scop<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x7 h4f y806 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 4 \u2018Ins<span class=\"_ _0\"></span>urance co<span class=\"_ _2b\"></span>ntracts\u2019. Ageas p<span class=\"_ _0\"></span>erforme<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>suc<span class=\"_ _0\"></span>h a predomi<span class=\"_ _0\"></span>nance</div>\n<div class=\"t m0 x7 h4f y807 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">analysi<span class=\"_ _0\"></span>s at the refere<span class=\"_ _2b\"></span>nce date of 31 Decemb<span class=\"_ _2b\"></span>er 2015 and conclud<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y808 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">it was el<span class=\"_ _0\"></span>igible t<span class=\"_ _2b\"></span>o apply the tem<span class=\"_ _0\"></span>porary ex<span class=\"_ _2b\"></span>emption<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">from apply<span class=\"_ _0\"></span>ing IFRS 9. </span></div>\n<div class=\"t m0 x7 h4f y809 ff5f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80a ff61 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff62\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff5f lse0 wsf0\">The carrying amou<span class=\"_ _2b\"></span>nt of <span class=\"lse2 wsf1\">Agea<span class=\"_ _2\"></span>s's <span class=\"ws103\">liabilities ar<span class=\"_ _2\"></span>ising from contracts </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y80b ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">within t<span class=\"_ _0\"></span>he scop<span class=\"_ _0\"></span>e of IFR<span class=\"_ _0\"></span>S 4 was s<span class=\"_ _0\"></span>ignifica<span class=\"_ _2b\"></span>nt compared t<span class=\"_ _0\"></span>o the tot<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x43 h4f y80c ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nt of all the liabilit<span class=\"_ _0\"></span>ies of Ageas<span class=\"_ _0\"></span><span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80d ff61 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff62\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff5f lse0 wsf0\">The percentage of<span class=\"_ _0\"></span>\u00a0the total c<span class=\"_ _0\"></span>arrying a<span class=\"_ _0\"></span>mount of <span class=\"lse2 wsf1\">Ageas's <span class=\"ls106 ws124\">liabilitie<span class=\"_ _0\"></span>s </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y80e ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">connect<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>h insura<span class=\"_ _0\"></span>nce rela<span class=\"_ _0\"></span>tive to t<span class=\"_ _2b\"></span>he total carry<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt of all<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x43 h4f y80f ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the liabil<span class=\"_ _2b\"></span>ities of Ageas was g<span class=\"_ _0\"></span>reater than 9<span class=\"_ _2b\"></span>0 per cent.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y810 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y811 ff5f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">No reassessm<span class=\"_ _2\"></span>ent of this predo<span class=\"_ _2\"></span>minance analysis h<span class=\"_ _2\"></span>as been performe<span class=\"lse0 wsf0\">d at </span></div>\n<div class=\"t m0 x1a h4f y812 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a subseq<span class=\"_ _2b\"></span>uent date, bec<span class=\"_ _0\"></span>ause th<span class=\"_ _2b\"></span>ere were no subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>al changes<span class=\"_ _0\"></span>\u00a0in the</div>\n<div class=\"t m0 x1a h4f y813 ff5f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span>\u00a0of Ageas tha<span class=\"_ _0\"></span>t would re<span class=\"_ _0\"></span>quire suc<span class=\"_ _0\"></span>h a reassess<span class=\"_ _2b\"></span>ment.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y814 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y815 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Because <span class=\"_ _0\"></span>Ageas is<span class=\"_ _0\"></span>\u00a0eligibl<span class=\"_ _2b\"></span>e to apply the t<span class=\"_ _2b\"></span>emporary exem<span class=\"_ _2b\"></span>ption from</div>\n<div class=\"t m0 x1a h4f y816 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g IFRS 9,<span class=\"_ _2b\"></span>\u00a0Ageas decide<span class=\"_ _0\"></span>d to do so <span class=\"_ _0\"></span>and deci<span class=\"_ _0\"></span>ded to al<span class=\"_ _0\"></span>ign<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">the </span></span></div>\n<div class=\"t m0 x1a h4f y817 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>ve dates<span class=\"_ _0\"></span>\u00a0of IFR<span class=\"_ _2b\"></span>S 9 and IFRS 17. T<span class=\"_ _2b\"></span>o make the <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsol<span class=\"_ _0\"></span>idate </span></div>\n<div class=\"t m0 x1a h4f y818 ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">f<span class=\"lse2 wsf1\">inancial<span class=\"_ _2\"></span>\u00a0</span>s<span class=\"lse0 wsfa\">tateme<span class=\"_ _0\"></span>nts of A<span class=\"_ _0\"></span>geas mor<span class=\"_ _0\"></span>e compar<span class=\"_ _0\"></span>able to t<span class=\"_ _2b\"></span>hose of comp<span class=\"_ _0\"></span>anies </span></div>\n<div class=\"t m0 x1a h4f y819 ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that alr<span class=\"_ _0\"></span>eady ap<span class=\"_ _0\"></span>ply IFR<span class=\"_ _0\"></span>S 9, Age<span class=\"_ _0\"></span>as discl<span class=\"_ _0\"></span>oses the f<span class=\"_ _2b\"></span>ollowing info<span class=\"_ _2b\"></span>rmation on</div>\n<div class=\"t m0 x1a h4f y81a ff5f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue and c<span class=\"_ _0\"></span>redit ris<span class=\"_ _2b\"></span>k exposure of i<span class=\"_ _0\"></span>ts cons<span class=\"_ _0\"></span>o<span class=\"wsf0\">lidate<span class=\"_ _2b\"></span>d entities.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y81b ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81c ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81d ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y81e ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y81f ff5f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xa3 h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 311px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xbf h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 398px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xbf h52 y5ff ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 559px; bottom: 844px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x144 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 333px; bottom: 830px; z-index: 15;\">Fair Value at 31 De<span class=\"_ _0\"></span>cember 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x144 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 494px; bottom: 830px; z-index: 15;\">Fair Value at 31 De<span class=\"_ _0\"></span>cember 2021<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5ff ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 683px; bottom: 844px; z-index: 15;\">Amount of change<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y608 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 681px; bottom: 830px; z-index: 15;\">in fair value in 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 830px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xa3 h52 y603 ff5f fs3c fc1f sc0 ls0 ws0\" style=\"left: 311px; bottom: 814px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y608 ff5f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 799px; z-index: 15;\">Fair value of financial <span class=\"_ _0\"></span>assets (in Euro million)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 360px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 355px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 426px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 436px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 521px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 516px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 586px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 596px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 681px; bottom: 814px; z-index: 15;\">Do meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 676px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x19e h52 y603 ff5f fs3c fc1f sc0 lse4 wsf6\" style=\"left: 747px; bottom: 814px; z-index: 15;\">Do not meet<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y608 ff5f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 757px; bottom: 799px; z-index: 15;\">SPPI<span class=\"ls0 ws0\">-<span class=\"lsf0 wsf8\">test</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 635px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x44 h52 y603 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 784px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 769px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 371px; bottom: 769px; z-index: 15;\">1,125<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x24 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 769px; z-index: 15;\">27<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 532px; bottom: 769px; z-index: 15;\">1,900<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 624px; bottom: 769px; z-index: 15;\">38<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 769px; z-index: 15;\">(775)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 769px; z-index: 15;\">(11)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 754px; z-index: 15;\">Debt securities, incl. structured <span class=\"_ _2b\"></span>notes<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 754px; z-index: 15;\">42,685<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x24 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 754px; z-index: 15;\">21<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 528px; bottom: 754px; z-index: 15;\">55,905<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 619px; bottom: 754px; z-index: 15;\">127<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 681px; bottom: 754px; z-index: 15;\">(13,220)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f4 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 754px; z-index: 15;\">(106)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 739px; z-index: 15;\">Equity securities and <span class=\"lsec ws100\">other inves<span class=\"_ _2\"></span>tments<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 739px; z-index: 15;\">4,213<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 739px; z-index: 15;\">5,669<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 739px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 739px; z-index: 15;\">(1,456)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 724px; z-index: 15;\">Derivatives held for tra<span class=\"_ _0\"></span>ding<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 724px; z-index: 15;\">126<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 724px; z-index: 15;\">6</div>\n<div class=\"t m0 x44 h52 y60e ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 724px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15e h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 724px; z-index: 15;\">120<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 709px; z-index: 15;\">Derivatives for hedging purpose<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 709px; z-index: 15;\">110<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 624px; bottom: 709px; z-index: 15;\">34<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f9 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 709px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x24 h52 y5f9 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 709px; z-index: 15;\">76<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 694px; z-index: 15;\">Loans<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 366px; bottom: 694px; z-index: 15;\">13,391<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 459px; bottom: 694px; z-index: 15;\">293<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 694px; z-index: 15;\">15,155<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 619px; bottom: 694px; z-index: 15;\">297<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 694px; z-index: 15;\">(1,764)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h52 y60e ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 694px; z-index: 15;\">(4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff5f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 680px; z-index: 15;\">Investments related to unit linked<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 394px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 680px; z-index: 15;\">15,795<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 555px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 680px; z-index: 15;\">18,899<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y656 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 680px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f1 h52 y656 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 680px; z-index: 15;\">(3,104)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 665px; z-index: 15;\">Other receivables <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 378px; bottom: 665px; z-index: 15;\">678<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f7 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 665px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f0 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 665px; z-index: 15;\">802<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x44 h52 y5f7 ff5f fs3c fc14 sc0 ls0 ws0\" style=\"left: 635px; bottom: 665px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x160 h52 y5f7 ff5f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 665px; z-index: 15;\">(124)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 654px; height: 452px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1f4 h52 y647 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 491px; bottom: 1081px; z-index: 15;\">Loss allowance is measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y647 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1081px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x52 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 477px; bottom: 1065px; z-index: 15;\">At an amount equal to lifetime ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 1050px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">IAS 39 for financial a<span class=\"_ _0\"></span>ssets that<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">meet the SPPI test as per <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f8 h52 y605 ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 337px; bottom: 1020px; z-index: 15;\">At an am<span class=\"_ _2\"></span>ount<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 342px; bottom: 1005px; z-index: 15;\">equal to 12<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x11d h52 y638 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 345px; bottom: 990px; z-index: 15;\">month ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y601 ff63 fs3c fc1f sc0 lsef ws10a\" style=\"left: 444px; bottom: 1050px; z-index: 15;\">Sign<span class=\"_ _2\"></span>ificantly<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 453px; bottom: 1035px; z-index: 15;\">increased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19f h52 y605 ff63 fs3c fc1f sc0 lse5 ws10a\" style=\"left: 429px; bottom: 1020px; z-index: 15;\">credit risk sin<span class=\"_ _0\"></span>ce<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 409px; bottom: 1005px; z-index: 15;\">initial recognition but<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 417px; bottom: 990px; z-index: 15;\">not credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x143 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 1050px; z-index: 15;\">Credit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">impaired at the <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x9 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 539px; bottom: 1035px; z-index: 15;\">reporting date<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 522px; bottom: 1020px; z-index: 15;\">but not purchased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 545px; bottom: 1005px; z-index: 15;\">or originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 990px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 1050px; z-index: 15;\">Trade &amp; other <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11e h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 1035px; z-index: 15;\">receivables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 656px; bottom: 1020px; z-index: 15;\">measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 640px; bottom: 1005px; z-index: 15;\">in accordance<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y638 ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 617px; bottom: 990px; z-index: 15;\">with IF<span class=\"_ _2\"></span>RS 9 \u00a75.5.<span class=\"_ _2\"></span>15<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 744px; bottom: 1035px; z-index: 15;\">Purchased or<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x161 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 756px; bottom: 1020px; z-index: 15;\">originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 737px; bottom: 1005px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y638 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 735px; bottom: 990px; z-index: 15;\">financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 960px; z-index: 15;\">AAA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 960px; z-index: 15;\">5,769<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff63 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 945px; z-index: 15;\">AA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 945px; z-index: 15;\">23,022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\">A</div>\n<div class=\"t m0 x9 h52 y5f9 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 930px; z-index: 15;\">10,921<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f9 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 930px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 915px; z-index: 15;\">BBB<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 915px; z-index: 15;\">11,865<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 915px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f9 ff65 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment gra<span class=\"_ _2b\"></span>de<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y5f9 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 900px; z-index: 15;\">51,577<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y5f9 ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 900px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 885px; z-index: 15;\">347<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 885px; z-index: 15;\">66<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5f7 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 885px; z-index: 15;\">20<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1d h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 885px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 885px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Unrated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 871px; z-index: 15;\">6,515<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x45 h52 y5fc ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 487px; bottom: 871px; z-index: 15;\">6</div>\n<div class=\"t m0 x43 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 871px; z-index: 15;\">16<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 871px; z-index: 15;\">730<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y5fc ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 871px; z-index: 15;\">19<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f7 ff65 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 856px; z-index: 15;\">58,439<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 856px; z-index: 15;\">72<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 856px; z-index: 15;\">36<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 856px; z-index: 15;\">730<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y5f7 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 856px; z-index: 15;\">19<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y83f ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y840 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 491px; bottom: 809px; z-index: 15;\">Loss allowance is measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5fc ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 809px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x52 h52 y5f7 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 477px; bottom: 793px; z-index: 15;\">At an amount equal to lifetime ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f7 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 793px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 763px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 748px; z-index: 15;\">IAS 39 for financial a<span class=\"_ _0\"></span>ssets that<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 733px; z-index: 15;\">meet the SPPI test as per <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 718px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x2f h52 y601 ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 390px; bottom: 763px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f8 h52 y5ff ff63 fs3c fc1f sc0 lsec ws100\" style=\"left: 337px; bottom: 748px; z-index: 15;\">At an am<span class=\"_ _2\"></span>ount<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 342px; bottom: 733px; z-index: 15;\">equal to 12<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x11d h52 y603 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 345px; bottom: 718px; z-index: 15;\">month ECL<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19b h52 y5ff ff63 fs3c fc1f sc0 lsef ws10a\" style=\"left: 444px; bottom: 777px; z-index: 15;\">Sign<span class=\"_ _2\"></span>ificantly<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 453px; bottom: 763px; z-index: 15;\">increased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19f h52 y5ff ff63 fs3c fc1f sc0 lse5 ws10a\" style=\"left: 429px; bottom: 748px; z-index: 15;\">credit risk sin<span class=\"_ _0\"></span>ce<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 409px; bottom: 733px; z-index: 15;\">initial recognition but<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 417px; bottom: 718px; z-index: 15;\">not credit<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">impaired<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x143 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 777px; z-index: 15;\">Credit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">impaired at the <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x9 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 539px; bottom: 763px; z-index: 15;\">reporting date<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11d h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 522px; bottom: 748px; z-index: 15;\">but not purchased<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 545px; bottom: 733px; z-index: 15;\">or originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 718px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 777px; z-index: 15;\">Trade &amp; other <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11e h52 y601 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 763px; z-index: 15;\">receivables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a6 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 656px; bottom: 748px; z-index: 15;\">measured<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 640px; bottom: 733px; z-index: 15;\">in accordance<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y603 ff63 fs3c fc1f sc0 ls109 ws125\" style=\"left: 617px; bottom: 718px; z-index: 15;\">with IFRS 9 <span class=\"lsec wsfe\">\u00a75.5.<span class=\"_ _2\"></span>15<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1f4 h52 y5ff ff63 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 777px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y601 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 744px; bottom: 763px; z-index: 15;\">Purchased or<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x161 h52 y5ff ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 756px; bottom: 748px; z-index: 15;\">originated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y605 ff63 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 737px; bottom: 733px; z-index: 15;\">credit<span class=\"ls0 ws0\">-</span>impaired<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y603 ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 735px; bottom: 718px; z-index: 15;\">financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x2f h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y608 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 702px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y603 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 688px; z-index: 15;\">AAA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y603 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 688px; z-index: 15;\">5,289<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y603 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 688px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 673px; z-index: 15;\">AA<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 673px; z-index: 15;\">30,991<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 673px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 658px; z-index: 15;\">A</div>\n<div class=\"t m0 x9 h52 y5f4 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 658px; z-index: 15;\">13,749<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f4 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 658px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff63 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 643px; z-index: 15;\">BBB<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f2 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 643px; z-index: 15;\">14,565<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y5f2 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 643px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y60e ff65 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 628px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment gra<span class=\"_ _2b\"></span>de<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y60e ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 628px; z-index: 15;\">64,594<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 593px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1d h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h54 y60e ff65 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 628px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y70b ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 613px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x160 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 613px; z-index: 15;\">296<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 613px; z-index: 15;\">78<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y70b ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 613px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1d h52 y70b ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 695px; bottom: 613px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1f4 h52 y70b ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 613px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 598px; z-index: 15;\">Unrated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f1 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 368px; bottom: 598px; z-index: 15;\">4,832<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x45 h52 y60e ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 487px; bottom: 598px; z-index: 15;\">4</div>\n<div class=\"t m0 x43 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 598px; z-index: 15;\">18<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 598px; z-index: 15;\">952<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h52 y60e ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 598px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y656 ff65 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 584px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 584px; z-index: 15;\">69,722<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 584px; z-index: 15;\">82<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 583px; bottom: 584px; z-index: 15;\">44<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x52 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 680px; bottom: 584px; z-index: 15;\">952<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h54 y656 ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 584px; z-index: 15;\">26<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y851 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y852 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 536px; z-index: 15;\">Gross carrying amount applying IAS 39 and fair value for financial assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff63 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 522px; z-index: 15;\">that meet the SPPI te<span class=\"_ _0\"></span>st and that do not<span class=\"_ _0\"></span>\u00a0have a low credi<span class=\"_ _0\"></span>t risk as per 31 De<span class=\"_ _0\"></span>cember 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 506px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 xe8 h52 y5f7 ff63 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 506px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 491px; z-index: 15;\">Gross carrying amount appl<span class=\"_ _0\"></span>ying IAS 39<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1fa h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 491px; z-index: 15;\">1,428<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff63 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 476px; z-index: 15;\">Fair value <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1fa h52 y601 ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 476px; z-index: 15;\">1,401<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff63 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 462px; z-index: 15;\">Difference<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x13d h54 y5ff ff65 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 462px; z-index: 15;\">27<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y859 ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y85a ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y85b ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 28 \u2018Inv<span class=\"_ _0\"></span>estment<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>in ass<span class=\"_ _0\"></span>ociates<span class=\"_ _0\"></span>\u00a0and joint v<span class=\"_ _0\"></span>entures\u2019 r<span class=\"_ _2b\"></span>equires an entity</div>\n<div class=\"t m0 x7 h4f y85c ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">to apply uniform<span class=\"_ _2\"></span>\u00a0accounting policies when<span class=\"_ _2\"></span>\u00a0using the equity method.</div>\n<div class=\"t m0 x7 h4f y85d ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas has tempora<span class=\"_ _2\"></span>rily derogated from thi<span class=\"_ _2\"></span>s rule for its associate</div>\n<div class=\"t m0 x7 h4f y85e ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Maybank Agea<span class=\"_ _2\"></span>s Holdings Berhad. <span class=\"_ _2\"></span>This associate appl<span class=\"_ _2\"></span>i<span class=\"lse0\">es I<span class=\"_ _0\"></span>FRS 9 s<span class=\"_ _0\"></span>ince </span></div>\n<div class=\"t m0 x7 h4f y85f ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">2018, while Agea<span class=\"_ _2\"></span>s applied the temporary exemp<span class=\"_ _2\"></span>tion from applying IFRS</div>\n<div class=\"t m0 x7 h4f y860 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">9 over t<span class=\"_ _0\"></span>he same <span class=\"_ _0\"></span>reportin<span class=\"_ _0\"></span>g periods<span class=\"_ _2b\"></span>. This derogat<span class=\"_ _2b\"></span>ion from apply<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x7 h4f y861 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">uniform <span class=\"_ _2b\"></span>accounting pol<span class=\"_ _2b\"></span>icies is permitt<span class=\"_ _2b\"></span>ed by paragrap<span class=\"_ _2b\"></span>h 39I of the</div>\n<div class=\"t m0 x7 h4f y862 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ents to I<span class=\"_ _0\"></span>FRS 4 o<span class=\"_ _0\"></span>n \u2018Extens<span class=\"_ _0\"></span>ion of t<span class=\"_ _2b\"></span>he<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span><span class=\"lse2\">temporary exemption<span class=\"_ _2\"></span>\u00a0from </span></div>\n<div class=\"t m0 x7 h4f y863 ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g IFRS 9<span class=\"_ _0\"></span>\u2019. The fi<span class=\"_ _0\"></span>nancial s<span class=\"_ _2b\"></span>tatements of<span class=\"_ _0\"></span>\u00a0Maybank<span class=\"_ _0\"></span>\u00a0Ageas H<span class=\"_ _2b\"></span>oldings</div>\n<div class=\"t m0 x7 h4f y864 ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Berhad ca<span class=\"_ _0\"></span>n be found on f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g website: <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y865 ff63 fs3a fc10 sc0 ls0 ws0\" style=\"z-index: 15;\">(<span class=\"lsf4 ws10c\">https://myetiqa.com/who</span>-<span class=\"ls104 ws126\">we</span>-<span class=\"lse0 wsef\">are/financia<span class=\"_ _0\"></span>l<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">statement<span class=\"_ _2\"></span><span class=\"lse1 wsf0\">s/</span></span>)<span class=\"fc14\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y877 ff63 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">B.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse0 wsf0\">IFRS 9 \u2018Financ<span class=\"_ _2b\"></span>ial <span class=\"wsef\">instrument<span class=\"_ _0\"></span>s\u2019<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 y878 ff66 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Present<span class=\"_ _2b\"></span>ation of compa<span class=\"_ _0\"></span>rative inf<span class=\"_ _2b\"></span>ormation <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y879 ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas will<span class=\"_ _2\"></span>\u00a0apply both IFRS<span class=\"_ _2\"></span>\u00a09 \u2018Financial ins<span class=\"_ _2\"></span>truments\u2019 and IFRS 1<span class=\"_ _2\"></span>7</div>\n<div class=\"t m0 x1a h4f y87a ff63 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">\u2018Insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>racts\u2019 (see b<span class=\"_ _0\"></span>elow) for<span class=\"_ _2b\"></span>\u00a0the first tim<span class=\"_ _0\"></span>e as from<span class=\"_ _0\"></span>\u00a0the ann<span class=\"_ _0\"></span>ual</div>\n<div class=\"t m0 x1a h4f y87b ff63 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">repo<span class=\"lse0 wsfa\">rting peri<span class=\"_ _2b\"></span>od starting on <span class=\"_ _0\"></span>1 Januar<span class=\"_ _0\"></span>y 2023.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y87c ff63 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y87d ff63 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 req<span class=\"_ _0\"></span>uires an ent<span class=\"_ _2b\"></span>ity to restate info<span class=\"_ _0\"></span>rmation i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>res<span class=\"_ _0\"></span>pect of the ann<span class=\"_ _2b\"></span>ual</div>\n<div class=\"t m0 x1a h4f y87e ff63 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting period<span class=\"_ _2\"></span>\u00a02022 in its financial stat<span class=\"_ _2\"></span>ements for the annual repor<span class=\"_ _2\"></span>ting</div>\n<div class=\"t m0 x1a h4f y87f ff63 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period endin<span class=\"_ _2\"></span>g on 31 December <span class=\"_ _2\"></span>2023.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 246px; height: 844px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In view <span class=\"_ _0\"></span>of the re<span class=\"_ _0\"></span>quirement<span class=\"_ _0\"></span>\u00a0under I<span class=\"_ _0\"></span>FRS 17<span class=\"_ _0\"></span>, Ageas<span class=\"_ _0\"></span>\u00a0decid<span class=\"_ _0\"></span>ed to als<span class=\"_ _0\"></span>o restat<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y803 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the compara<span class=\"_ _2\"></span>tive information on<span class=\"_ _2\"></span>\u00a0financial instrumen<span class=\"_ _2\"></span>ts for the annual<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y804 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>od 2022.<span class=\"_ _0\"></span>\u00a0In prese<span class=\"_ _2b\"></span>nting comparat<span class=\"_ _2b\"></span>ive informati<span class=\"_ _0\"></span>on on</div>\n<div class=\"t m0 x7 h4f y805 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">financial <span class=\"_ _2\"></span><span class=\"ws103\">instruments, Ageas will app<span class=\"_ _2\"></span>ly the requirements in IFRS 9<span class=\"_ _2\"></span>\u00a0on </span></div>\n<div class=\"t m0 x7 h4f y806 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">\u2018classification<span class=\"_ _2\"></span>\u00a0&amp; measurement\u2019 and on \u2018impai<span class=\"_ _2\"></span>rment\u2019 to all its financial<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y807 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets, us<span class=\"_ _2b\"></span>ing reasonable a<span class=\"_ _2b\"></span>nd supportable inf<span class=\"_ _2b\"></span>ormation avail<span class=\"_ _2b\"></span>able on 1</div>\n<div class=\"t m0 x7 h4f y808 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">January <span class=\"_ _2b\"></span>2022. This fol<span class=\"_ _0\"></span>lows fr<span class=\"_ _0\"></span>om the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he \u2018<span class=\"wsef\">class<span class=\"_ _2b\"></span>ification </span></div>\n<div class=\"t m0 x7 h4f y809 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">overlay\u2019 include<span class=\"_ _2\"></span>d in the amendments to IFRS 17<span class=\"_ _2\"></span>\u00a0\u2018Initial application o<span class=\"_ _2\"></span>f</div>\n<div class=\"t m0 x7 h4f y80a ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 and IF<span class=\"_ _0\"></span>RS 9 <span class=\"ls0 ws0\">\u2013 </span>comparativ<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation\u2019, w<span class=\"_ _0\"></span>hich hav<span class=\"_ _0\"></span>e been</div>\n<div class=\"t m0 x7 h4f y80b ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">issued by<span class=\"_ _0\"></span>\u00a0the I<span class=\"_ _0\"></span>ASB in Dec<span class=\"_ _0\"></span>ember 2<span class=\"_ _2b\"></span>021 and have be<span class=\"_ _0\"></span>en endors<span class=\"_ _2b\"></span>ed by the</div>\n<div class=\"t m0 x7 h4f y80c ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EU in Septem<span class=\"_ _2b\"></span>ber 2022.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y882 ff6a fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Main changes broug<span class=\"_ _2\"></span>h<span class=\"lsfc ws0\">t by IF<span class=\"_ _2\"></span>RS 9<span class=\"ls0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y883 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Compar<span class=\"_ _0\"></span>ed to IA<span class=\"_ _0\"></span>S 39, the <span class=\"_ _0\"></span>main ch<span class=\"_ _2b\"></span>anges brought<span class=\"_ _0\"></span>\u00a0by IFRS <span class=\"_ _0\"></span>9 relate t<span class=\"_ _2b\"></span>o:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y884 ff6b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff6c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff68 lse2 wsfa\">T<span class=\"_ _2\"></span>he classification (a<span class=\"_ _2\"></span>nd <span class=\"lse0 wsf0\">result<span class=\"_ _2b\"></span>ing measurement<span class=\"_ _2b\"></span>) of <span class=\"_ _2\"></span>fi<span class=\"_ _0\"></span>nancial ass<span class=\"_ _2b\"></span>ets; </span></span></span></div>\n<div class=\"t m0 x43 h4f y885 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y886 ff6b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff6c\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff68 lse0 wsf0\">The applicatio<span class=\"_ _0\"></span>n of the expect<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">cr<span class=\"_ _2\"></span>edit loss model.</span>\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h55 y887 ff6a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets <span class=\"ls0 ws0\">\u2013 <span class=\"lse2 wsfa\">cl<span class=\"_ _2\"></span>assification &amp; mea<span class=\"_ _2\"></span>surement</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y888 ff68 fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">The cl<span class=\"_ _2\"></span>a<span class=\"lse2 ws103\">ssification and measure<span class=\"_ _2\"></span>ment categories for financial<span class=\"_ _2\"></span>\u00a0instruments </span></div>\n<div class=\"t m0 x7 h4f y889 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">under IAS 3<span class=\"_ _0\"></span>9 (i.e. \u2018hel<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span><span class=\"wsfa\">mat<span class=\"_ _0\"></span>urity\u2019, \u2018<span class=\"_ _2b\"></span>loans and rece<span class=\"_ _2b\"></span>ivables\u2019, \u2018av<span class=\"_ _0\"></span>ailabl<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x7 h4f y88a ff68 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">sale\u2019,<span class=\"_ _2\"></span>\u00a0\u2018held</span>-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">trading\u2019 or financial as<span class=\"_ _2\"></span>sets designated at fair value<span class=\"_ _2\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y88b ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through pr<span class=\"_ _2\"></span>ofit or loss) have<span class=\"_ _2\"></span>\u00a0been replace<span class=\"ws103\">d under<span class=\"_ _2\"></span>\u00a0IFRS 9 by three </span></div>\n<div class=\"t m0 x7 h4f y88c ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">principal me<span class=\"_ _2\"></span>asurement bases (i<span class=\"_ _2\"></span>.e. amortised co<span class=\"_ _2\"></span>st, fair value <span class=\"_ _2\"></span>through</div>\n<div class=\"t m0 x7 h4f y88d ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>omprehe<span class=\"_ _2b\"></span>nsive income an<span class=\"_ _0\"></span>d fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it or loss). T<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y88e ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">classif<span class=\"_ _0\"></span>ication,<span class=\"_ _0\"></span>\u00a0and result<span class=\"_ _2b\"></span>ing measurement<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>of fi<span class=\"_ _2b\"></span>nancial instrum<span class=\"_ _2b\"></span>ents under</div>\n<div class=\"t m0 x7 h4f y88f ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">IFRS 9 i<span class=\"_ _2\"></span>s generall<span class=\"lse0\">y based o<span class=\"_ _2b\"></span>n the business <span class=\"_ _0\"></span>model in w<span class=\"_ _2b\"></span>hich a financ<span class=\"_ _0\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y890 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">asset is<span class=\"_ _0\"></span>\u00a0manage<span class=\"_ _2b\"></span>d and its contr<span class=\"_ _0\"></span>actual c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>\u00a0charact<span class=\"_ _2b\"></span>eristics.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y891 ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y892 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas determine<span class=\"_ _2\"></span>d that the largest part of i<span class=\"_ _2\"></span>ts investments in debt</div>\n<div class=\"t m0 x7 h4f y893 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents will b<span class=\"_ _0\"></span>e measure<span class=\"_ _2b\"></span>d at <span class=\"_ _2\"></span>fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue throug<span class=\"_ _0\"></span>h other com<span class=\"_ _0\"></span>prehens<span class=\"_ _2b\"></span>ive</div>\n<div class=\"t m0 x7 h4f y894 ff68 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">inc<span class=\"lse0 wsfa\">ome af<span class=\"_ _0\"></span>ter the<span class=\"_ _2b\"></span>ir initial reco<span class=\"_ _0\"></span>gnition.<span class=\"_ _2b\"></span>\u00a0This follows<span class=\"_ _0\"></span>\u00a0from t<span class=\"_ _0\"></span>he analy<span class=\"_ _0\"></span>sis that </span></div>\n<div class=\"t m0 x7 h4f y895 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">these inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span>s pass the \u2018s<span class=\"_ _0\"></span>olely paym<span class=\"_ _2b\"></span>ents of principal<span class=\"_ _0\"></span>\u00a0and interes<span class=\"_ _0\"></span>t\u2019</div>\n<div class=\"t m0 x7 h4f y896 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">test and bec<span class=\"_ _2b\"></span>ause those investm<span class=\"_ _2b\"></span>ents are held withi<span class=\"_ _0\"></span>n the \u2018hold to co<span class=\"_ _0\"></span>llect</div>\n<div class=\"t m0 x7 h4f y897 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and sell\u2019 b<span class=\"_ _2\"></span>usiness model. The<span class=\"_ _2\"></span>\u00a0\u2018hold to colle<span class=\"_ _2\"></span>ct and sell\u2019 bus<span class=\"_ _2\"></span>iness model</div>\n<div class=\"t m0 x7 h4f y898 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reflects<span class=\"_ _0\"></span>\u00a0the fac<span class=\"_ _0\"></span>t that <span class=\"lse2 wsf1\">those </span><span class=\"wsf0\">financ<span class=\"_ _0\"></span>ial assets<span class=\"_ _0\"></span>\u00a0are held to ba<span class=\"_ _0\"></span>ck liabil<span class=\"_ _0\"></span>ities </span></div>\n<div class=\"t m0 x7 h4f y899 ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">f<span class=\"lse2 wsf1\">rom</span>\u00a0<span class=\"lse0 wsf0\">(re)insuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent contra<span class=\"_ _0\"></span>cts with dis<span class=\"_ _0\"></span>cretion<span class=\"_ _2b\"></span>ary </span></div>\n<div class=\"t m0 x7 h4f y89a ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _0\"></span>eatures (s<span class=\"_ _2b\"></span>ee section C. \u2018IFR<span class=\"_ _0\"></span>S 17 \u2018Insura<span class=\"_ _2b\"></span>nce contracts\u2019</div>\n<div class=\"t m0 x7 h4f y89b ff68 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">below<span class=\"ls0 ws0\">). </span></div>\n<div class=\"t m0 x7 h4f y89c ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y89d ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Equity inst<span class=\"_ _2\"></span>ruments are always<span class=\"_ _2\"></span>\u00a0measured at fair<span class=\"_ _2\"></span>\u00a0value <span class=\"wsf1\">under<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">IFR<span class=\"_ _2b\"></span>S 9. For </span></span></span></div>\n<div class=\"t m0 x7 h4f y89e ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the larges<span class=\"_ _0\"></span>t part of it<span class=\"_ _0\"></span>s investm<span class=\"_ _0\"></span>ents in equit<span class=\"_ _0\"></span>y instru<span class=\"_ _0\"></span>ments,<span class=\"_ _0\"></span>\u00a0Ageas inte<span class=\"_ _0\"></span>nds</div>\n<div class=\"t m0 x7 h4f y89f ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to apply the ir<span class=\"_ _2b\"></span>revocable elect<span class=\"_ _2b\"></span>ion in IFRS 9 to prese<span class=\"_ _0\"></span>nt subseq<span class=\"_ _0\"></span>uent</div>\n<div class=\"t m0 x7 h4f y8a0 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">changes <span class=\"_ _2b\"></span>in their fair val<span class=\"_ _2b\"></span>ue in other co<span class=\"_ _0\"></span>mprehe<span class=\"_ _0\"></span>nsive inc<span class=\"_ _2b\"></span>ome (rather th<span class=\"_ _0\"></span>an in</div>\n<div class=\"t m0 x7 h4f y8a1 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement). <span class=\"_ _0\"></span>On the d<span class=\"_ _0\"></span>ate of der<span class=\"_ _2b\"></span>ecognition of i<span class=\"_ _2b\"></span>nvestments in<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y8a2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity ins<span class=\"_ _2b\"></span>truments, for whic<span class=\"_ _2b\"></span>h Ageas elected to p<span class=\"_ _0\"></span>resent su<span class=\"_ _0\"></span>bseque<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y8a3 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">changes <span class=\"_ _2b\"></span>in their fair val<span class=\"_ _2b\"></span>ue in other co<span class=\"_ _0\"></span>mprehe<span class=\"_ _0\"></span>nsive inc<span class=\"_ _2b\"></span>ome, Ageas</div>\n<div class=\"t m0 x1a h4f y8a4 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">intends to recl<span class=\"_ _2\"></span>assify the unrealised gain<span class=\"_ _2\"></span>s or losses that were previousl<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x1a h4f y8a5 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recognised in<span class=\"_ _2\"></span>\u00a0other comprehensive income<span class=\"_ _2\"></span>\u00a0from other comprehensive</div>\n<div class=\"t m0 x1a h4f y8a6 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income to r<span class=\"_ _0\"></span>etained ea<span class=\"_ _0\"></span>rnings.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y8a7 ff6a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets <span class=\"ls0 ws0\">\u2013 </span>loss allowanc<span class=\"_ _0\"></span>e for <span class=\"lse2 wsfa\">expected credi<span class=\"_ _2\"></span>t losses<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8a8 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 9 r<span class=\"_ _0\"></span>eplaces t<span class=\"_ _2b\"></span>he \u2018incurred <span class=\"_ _0\"></span>loss\u2019 mod<span class=\"_ _2b\"></span>el in IAS 3<span class=\"lse2 ws103\">9 with a forward </span></div>\n<div class=\"t m0 x1a h4f y8a9 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">looking \u2018e<span class=\"_ _2b\"></span>xpected credit los<span class=\"_ _0\"></span>s\u2019 model.<span class=\"_ _0\"></span>\u00a0The new exp<span class=\"_ _2b\"></span>ected credit loss</div>\n<div class=\"t m0 x1a h4f y8aa ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">model app<span class=\"_ _0\"></span>lies to in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span>s in debt ins<span class=\"_ _0\"></span>trument<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at are meas<span class=\"_ _2b\"></span>ured at</div>\n<div class=\"t m0 x1a h4f y8ab ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost <span class=\"_ _0\"></span>or at fai<span class=\"_ _0\"></span>r value t<span class=\"_ _2b\"></span>hrough other c<span class=\"_ _0\"></span>omprehe<span class=\"_ _2b\"></span>nsive income, t<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x1a h4f y8ac ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">lease recei<span class=\"_ _2\"></span>vables, trade recei<span class=\"_ _2\"></span>v<span class=\"lse0 wsf0\">abl<span class=\"_ _0\"></span>es and cont<span class=\"_ _0\"></span>ract ass<span class=\"_ _0\"></span>ets. Invest<span class=\"_ _2b\"></span>ments in </span></div>\n<div class=\"t m0 x1a h4f y8ad ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">equity <span class=\"_ _0\"></span>instrume<span class=\"_ _2b\"></span>nts are out of sc<span class=\"_ _2b\"></span>ope of the exp<span class=\"_ _0\"></span>ected c<span class=\"_ _0\"></span>redit lo<span class=\"_ _0\"></span>ss mod<span class=\"_ _0\"></span>el.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ae ff68 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8af ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">IFRS 9 requires an e<span class=\"_ _2\"></span>ntity to recognise a lo<span class=\"_ _2\"></span>ss allowance at an amount</div>\n<div class=\"t m0 x1a h4f y8b0 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equal to<span class=\"_ _2\"></span>\u00a012<span class=\"ls0 ws0\">-</span><span class=\"lse0\">month <span class=\"_ _0\"></span>expecte<span class=\"_ _0\"></span>d credit <span class=\"_ _0\"></span>losses f<span class=\"_ _2b\"></span>or investment<span class=\"_ _2b\"></span>s in debt </span></div>\n<div class=\"t m0 x1a h4f y8b1 ff68 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>e<span class=\"wsf0\">nts for whi<span class=\"_ _2b\"></span>ch <span class=\"_ _2\"></span>the c<span class=\"_ _0\"></span>redit ris<span class=\"_ _0\"></span>k has not inc<span class=\"_ _2b\"></span>reased signific<span class=\"_ _0\"></span>antly si<span class=\"_ _0\"></span>nce </span></div>\n<div class=\"t m0 x1a h4f y8b2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">their init<span class=\"_ _0\"></span>ial recog<span class=\"_ _0\"></span>nition (i<span class=\"_ _0\"></span>.e. class<span class=\"_ _0\"></span>ified in St<span class=\"_ _0\"></span>age 1). For in<span class=\"_ _2b\"></span>vestments in</div>\n<div class=\"t m0 x1a h4f y8b3 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">debt instrumen<span class=\"_ _2\"></span>ts for which the credit risk ha<span class=\"_ _2\"></span>s increased significan<span class=\"_ _2\"></span>tly</div>\n<div class=\"t m0 x1a h4f y8b4 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">since their ini<span class=\"_ _2\"></span>tial recognition (i.e.<span class=\"_ _2\"></span>\u00a0clas<span class=\"lse0 wsf0\">sifi<span class=\"_ _2b\"></span>ed in Stage 2) or for inves<span class=\"_ _0\"></span>tments </span></div>\n<div class=\"t m0 x1a h4f y8b5 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in debt i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>at are in <span class=\"_ _2b\"></span>default, for ex<span class=\"_ _2b\"></span>ample becaus<span class=\"_ _0\"></span>e of mat<span class=\"_ _0\"></span>erial</div>\n<div class=\"t m0 x1a h4f y8b6 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">arrears i<span class=\"_ _0\"></span>n contract<span class=\"_ _2b\"></span>ual payments (i.e.<span class=\"_ _0\"></span>\u00a0classif<span class=\"_ _0\"></span>ied in Stag<span class=\"_ _0\"></span>e 3), Ageas<span class=\"_ _0\"></span>\u00a0will</div>\n<div class=\"t m0 x1a h4f y8b7 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>se a loss all<span class=\"_ _0\"></span>owance at a<span class=\"_ _0\"></span>n amount eq<span class=\"_ _2b\"></span>ual to lifetime expec<span class=\"_ _0\"></span>ted</div>\n<div class=\"t m0 x1a h4f y8b8 ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">credi<span class=\"lse1 ws104\">t losses.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y8b9 ff6a fs3a fc1f sc0 ls102 ws115\" style=\"z-index: 15;\">Financial<span class=\"_ _2\"></span>\u00a0liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ba ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 9 will not have a s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>ant impac<span class=\"_ _0\"></span>t on the</div>\n<div class=\"t m0 x1a h4f y8bb ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment and c<span class=\"_ _0\"></span>lassific<span class=\"_ _2b\"></span>ation of <span class=\"lse2 wsf1\">Ageas's <span class=\"_ _2\"></span><span class=\"ws103\">financial liabilities.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h55 y8bc ff6a fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Hedge accoun<span class=\"_ _2\"></span>ting<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8bd ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As from the annual r<span class=\"_ _2\"></span>eporting period starting<span class=\"_ _2\"></span>\u00a0on 1 January 2023, Ageas</div>\n<div class=\"t m0 x1a h4f y8be ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">intends to also<span class=\"_ _2\"></span>\u00a0adopt the requirements on hedg<span class=\"_ _2\"></span>e accounting in IFRS 9.</div>\n<div class=\"t m0 x1a h4f y8bf ff68 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">This <span class=\"wsfa\">is <span class=\"_ _2\"></span>not expected<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span>\u00a0</span></span><span class=\"ws103\">result in a signif<span class=\"_ _2\"></span>icant impact compared to the<span class=\"_ _2\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8c0 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">current<span class=\"_ _0\"></span>\u00a0applicat<span class=\"_ _2b\"></span>ion of the hedge acco<span class=\"_ _0\"></span>unting r<span class=\"lse2 ws103\">equirements in IAS 39.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y8c1 ff6a fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impact asse<span class=\"_ _2\"></span>ssment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8c2 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The estim<span class=\"_ _2b\"></span>ated impact of the ado<span class=\"_ _0\"></span>ption of IF<span class=\"_ _0\"></span>RS 9 by the subsi<span class=\"_ _2b\"></span>diaries of</div>\n<div class=\"t m0 x1a h4f y8c3 ff68 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas at th<span class=\"_ _0\"></span>e transi<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. 1 Janua<span class=\"_ _0\"></span>ry 2022) is c<span class=\"_ _0\"></span>larified b<span class=\"_ _0\"></span>elow in</div>\n<div class=\"t m0 x1a h4f y8c4 ff68 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">secti<span class=\"_ _2\"></span>on<span class=\"ls0 ws0\">\u00a0<span class=\"ls104 ws126\">D.</span>\u00a0\u2018<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Est<span class=\"_ _0\"></span>imated i<span class=\"_ _0\"></span>mpact of th<span class=\"_ _0\"></span>e adoption of I<span class=\"_ _0\"></span>FRS 9 &amp; IFRS 17 o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>1 </span></span></div>\n<div class=\"t m0 x1a h4f y8c5 ff68 fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">Ja<span class=\"lse2 wsfa\">nuary 2022\u2019.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y8c6 ff68 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">C.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1b8\">\u00a0</span><span class=\"lsfa ws114\">IFRS<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">17 \u2018Ins<span class=\"_ _2b\"></span>urance contracts<span class=\"_ _2b\"></span>\u2019<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y8c7 ff68 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The IASB i<span class=\"_ _2\"></span>ssued IFRS 17 \u2018Ins<span class=\"_ _2\"></span>urance contracts\u2019 i<span class=\"_ _2\"></span>n May 2017 and</div>\n<div class=\"t m0 x1a h4f y8c8 ff68 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amended IFRS 17<span class=\"_ _2\"></span>\u00a0in June 2020. IFRS 17 will replace<span class=\"_ _2\"></span>\u00a0IFRS 4 for annual</div>\n<div class=\"t m0 x1a h4f y8c9 ff68 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reporti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>ods start<span class=\"_ _2b\"></span>ing on 1 Janua<span class=\"_ _0\"></span>ry 2023, <span class=\"_ _2b\"></span>which is also t<span class=\"_ _2b\"></span>he date as</div>\n<div class=\"t m0 x1a h4f y8ca ff68 fs3a fc14 sc0 ls104 ws116\" style=\"z-index: 15;\">from wh<span class=\"lse2 wsfa\">en Ageas will<span class=\"_ _2\"></span>\u00a0apply IFRS 17.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 361px; height: 745px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The EU endo<span class=\"_ _0\"></span>rsed IFR<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>17, i<span class=\"_ _0\"></span>ncludin<span class=\"_ _0\"></span>g the June 20<span class=\"_ _0\"></span>20 amendm<span class=\"_ _2b\"></span>ents, in</div>\n<div class=\"t m0 x7 h4f y803 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">November 2021<span class=\"_ _2\"></span>. This endorsemen<span class=\"_ _2\"></span>t includes an (op<span class=\"_ _2\"></span>tional) European</div>\n<div class=\"t m0 x7 h4f y804 ff6d fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">carve<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">out of the annual cohor<span class=\"_ _2\"></span>t requirement in IFRS 17 for grou<span class=\"_ _2\"></span>ps of </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts with di<span class=\"_ _0\"></span>rect part<span class=\"_ _2b\"></span>icipating featur<span class=\"_ _2b\"></span>es and groups of</div>\n<div class=\"t m0 x7 h4f y806 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent contracts<span class=\"_ _0\"></span>\u00a0with dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary part<span class=\"_ _2b\"></span>icipation fe<span class=\"_ _2b\"></span>atures and with</div>\n<div class=\"t m0 x7 h4f y807 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws that<span class=\"_ _0\"></span>\u00a0affect or <span class=\"_ _2b\"></span>are affected <span class=\"_ _0\"></span>by cash fl<span class=\"_ _2b\"></span>ows to policyh<span class=\"_ _0\"></span>olders <span class=\"_ _0\"></span>of</div>\n<div class=\"t m0 x7 h4f y808 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>ontracts<span class=\"_ _0\"></span>. Ageas<span class=\"_ _0\"></span>\u00a0intends t<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">o<span class=\"_ _2\"></span>\u00a0apply this carve<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">out for a limited set<span class=\"_ _0\"></span>\u00a0of </span></span></span></div>\n<div class=\"t m0 x7 h4f y809 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts with di<span class=\"_ _0\"></span>rect part<span class=\"_ _2b\"></span>icipation featur<span class=\"_ _2b\"></span>es, to align with loca<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x7 h4f y80a ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>actice.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y8cd ff6f fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Scope <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y8ce ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 \u2018I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s\u2019 appli<span class=\"_ _0\"></span>es to<span class=\"ls0 ws0\">\u00a0: </span></div>\n<div class=\"t m0 x7 h4f y882 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 ws103\">In<span class=\"_ _2\"></span>surance contracts, includ<span class=\"_ _2\"></span>ing reinsurance contrac<span class=\"_ _2\"></span>ts issued;</span><span class=\"ff6d\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y883 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsf1\">R<span class=\"_ _2\"></span>einsura<span class=\"lse0 wsf0\">nce cont<span class=\"_ _0\"></span>racts hel<span class=\"_ _0\"></span>d; and<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f y884 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts with di<span class=\"_ _0\"></span>scretio<span class=\"_ _0\"></span>nary p<span class=\"_ _0\"></span>articip<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>eatures </span></span></div>\n<div class=\"t m0 x43 h4f y885 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issued. T<span class=\"_ _0\"></span>hese are i<span class=\"_ _0\"></span>n the scope of IF<span class=\"_ _0\"></span>RS 17 only<span class=\"_ _0\"></span>\u00a0if the issuer al<span class=\"_ _2b\"></span>so</div>\n<div class=\"t m0 x43 h4f y886 ff6d fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">issue<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _2b\"></span>acts.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y8cf ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y8d0 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All refere<span class=\"_ _2b\"></span>nces below to \u2018insu<span class=\"_ _0\"></span>rance cont<span class=\"_ _0\"></span>racts\u2019 e<span class=\"_ _2b\"></span>qually apply to</div>\n<div class=\"t m0 x7 h4f y8d1 ff6d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ance<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">cont<span class=\"_ _0\"></span>racts (b<span class=\"_ _0\"></span>oth reinsu<span class=\"_ _2b\"></span>rance contracts<span class=\"_ _0\"></span>\u00a0held and reins<span class=\"_ _2b\"></span>urance </span></div>\n<div class=\"t m0 x7 h4f y8d2 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s issued) and i<span class=\"_ _2b\"></span>nvestment cont<span class=\"_ _2b\"></span>racts with <span class=\"lse2 wsf1\">discretionary </span></div>\n<div class=\"t m0 x7 h4f y8d3 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures, unl<span class=\"_ _0\"></span>ess stat<span class=\"_ _0\"></span>ed other<span class=\"_ _0\"></span>wise.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y88c ff6f fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Separat<span class=\"_ _0\"></span>ing com<span class=\"_ _0\"></span>ponents f<span class=\"_ _2b\"></span>rom an insuranc<span class=\"_ _2b\"></span>e contract<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y88d ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">An insur<span class=\"_ _0\"></span>ance co<span class=\"_ _2b\"></span>ntract may <span class=\"lse2\">include one or<span class=\"_ _2\"></span>\u00a0more components tha<span class=\"_ _2\"></span>t need </span></div>\n<div class=\"t m0 x7 h4f y88e ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to be sep<span class=\"_ _2b\"></span>arated from th<span class=\"_ _0\"></span>e host ins<span class=\"_ _2b\"></span>urance contr<span class=\"_ _0\"></span>act and b<span class=\"_ _0\"></span>e account<span class=\"_ _2b\"></span>ed for</div>\n<div class=\"t m0 x7 h4f y88f ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g anoth<span class=\"_ _0\"></span>er IFRS st<span class=\"_ _2b\"></span>andard than<span class=\"_ _0\"></span>\u00a0IFRS 17. <span class=\"_ _0\"></span>At cont<span class=\"_ _2b\"></span>ract inception,</div>\n<div class=\"t m0 x7 h4f y890 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas assesses on<span class=\"_ _2\"></span>\u00a0a contract<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">by</span>-</span>contra<span class=\"_ _2\"></span>ct basis whether this might be</div>\n<div class=\"t m0 x7 h4f y891 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the case<span class=\"wsfa\">. Examp<span class=\"_ _2\"></span>les of component<span class=\"_ _2\"></span>s that may require<span class=\"_ _2\"></span>\u00a0separation are:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y892 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">Not closely relat<span class=\"_ _0\"></span>ed embed<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>atives;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y893 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">Distinct invest<span class=\"_ _0\"></span>ment comp<span class=\"_ _0\"></span>onents (I<span class=\"_ _2b\"></span>FRS 17 provides the crit<span class=\"_ _2b\"></span>eria to </span></span></div>\n<div class=\"t m0 x43 h4f y894 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ne when a non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">insurance<span class=\"_ _2\"></span>\u00a0component is distinct from<span class=\"_ _2\"></span>\u00a0the </span></span></div>\n<div class=\"t m0 x43 h4f y895 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">host cont<span class=\"_ _0\"></span>ract); an<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y896 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsf1\">Pr<span class=\"_ _2\"></span>omises <span class=\"ws103\">to transfer<span class=\"_ _2\"></span>\u00a0distinct goods or services o<span class=\"_ _2\"></span>ther than insurance </span></span></span></div>\n<div class=\"t m0 x43 h4f y897 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract servi<span class=\"_ _2\"></span>ces to a policyholder.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y898 ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y899 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Separat<span class=\"_ _0\"></span>ed embed<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>atives an<span class=\"_ _0\"></span>d distinct<span class=\"_ _0\"></span>\u00a0investm<span class=\"_ _0\"></span>ent comp<span class=\"_ _0\"></span>onents</div>\n<div class=\"t m0 x7 h4f y89a ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are accou<span class=\"_ _2b\"></span>nted for as if they were sta<span class=\"_ _2b\"></span>nd<span class=\"ls0 ws0\">-</span>alone financial i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y89b ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y89c ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">After th<span class=\"_ _2b\"></span>e above steps,<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">Ageas separates from the hos<span class=\"_ _2\"></span>t insurance contract </span></span></div>\n<div class=\"t m0 x7 h4f y89d ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any promis<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to tr<span class=\"_ _0\"></span>ansfer dis<span class=\"_ _0\"></span>tinct go<span class=\"_ _0\"></span>ods or servic<span class=\"_ _2b\"></span>es other than insur<span class=\"_ _0\"></span>ance</div>\n<div class=\"t m0 x7 h4f y89e ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract servi<span class=\"_ _2\"></span>ces to a policyholder (such as pen<span class=\"_ _2\"></span>sion administration, ri<span class=\"_ _2\"></span>sk</div>\n<div class=\"t m0 x7 h4f y89f ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">management, as<span class=\"_ _2\"></span>sistance, asset management or cu<span class=\"_ _2\"></span>stody services) and</div>\n<div class=\"t m0 x7 h4f y8a0 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>em as se<span class=\"_ _0\"></span>parate c<span class=\"_ _2b\"></span>ontracts with <span class=\"_ _0\"></span>custom<span class=\"_ _0\"></span>ers (i.e. <span class=\"_ _0\"></span>not as</div>\n<div class=\"t m0 x7 h4f y8a1 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontracts), applying <span class=\"_ _2\"></span>IFRS 15<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">\u2018Revenue f<span class=\"_ _2\"></span>rom contracts with </span></div>\n<div class=\"t m0 x7 h4f y8a2 ff6d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">customers\u2019<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h55 y8d4 ff6f fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Level of <span class=\"_ _2\"></span>aggregation<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y8d5 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For prese<span class=\"_ _2b\"></span>ntation and measur<span class=\"_ _2b\"></span>ement purposes,<span class=\"_ _0\"></span>\u00a0Ageas id<span class=\"_ _0\"></span>entifie<span class=\"_ _0\"></span>s portfol<span class=\"_ _2b\"></span>ios</div>\n<div class=\"t m0 x7 h4f y8d6 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and groups<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">of ins<span class=\"_ _2b\"></span>urance contrac<span class=\"_ _0\"></span>ts.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y8d7 ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8d8 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A portfol<span class=\"_ _0\"></span>io of insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts incl<span class=\"_ _2b\"></span>udes contracts th<span class=\"_ _2b\"></span>at are subject to</div>\n<div class=\"t m0 x1a h4f y8d9 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">similar ris<span class=\"_ _2\"></span>k and that are managed together.</div>\n<div class=\"t m0 xad h6b y8da ff71 fs47 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0<span class=\"ff6d fs3a lse2 ws103\">Portfoli<span class=\"_ _2\"></span>os of insurance </span></div>\n<div class=\"t m0 x1a h4f y8db ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s are identif<span class=\"_ _0\"></span>ied at t<span class=\"_ _0\"></span>he level <span class=\"_ _0\"></span>of the iss<span class=\"_ _0\"></span>uing e<span class=\"_ _0\"></span>ntity. E<span class=\"_ _0\"></span>xamples o<span class=\"_ _2b\"></span>f</div>\n<div class=\"t m0 x1a h4f y8dc ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">portfol<span class=\"_ _0\"></span>ios in t<span class=\"lse2 wsf1\">he <span class=\"ls0 ws0\">N</span>on<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life bu<span class=\"_ _2\"></span>siness of Ageas are<span class=\"_ _2\"></span>\u00a0Accident, Health<span class=\"_ _2\"></span>, </span></span></div>\n<div class=\"t m0 x1a h4f y8dd ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Property, Mo<span class=\"_ _2\"></span>tor\u2026 Upon initial<span class=\"_ _2\"></span>\u00a0recognition, insurance<span class=\"_ _2\"></span>\u00a0contracts are</div>\n<div class=\"t m0 x1a h4f y8de ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">added to t<span class=\"_ _2b\"></span>he applicabl<span class=\"_ _0\"></span>e portfol<span class=\"_ _2b\"></span>io.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8df ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8e0 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For measuremen<span class=\"_ _2\"></span>t purposes, Ageas further di<span class=\"_ _2\"></span>vides portfolios of</div>\n<div class=\"t m0 x1a h4f y8e1 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts into g<span class=\"_ _0\"></span>roups of ins<span class=\"_ _0\"></span>urance co<span class=\"_ _2b\"></span>ntracts. A group of</div>\n<div class=\"t m0 x1a h4f y8e2 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts is dete<span class=\"_ _2b\"></span>rmined by first div<span class=\"_ _0\"></span>iding the po<span class=\"_ _0\"></span>rtfolio of<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y8e3 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontracts into annua<span class=\"_ _2\"></span>l cohorts (e.g. b<span class=\"_ _2\"></span>y year of issue),<span class=\"_ _2\"></span>\u00a0to</div>\n<div class=\"t m0 x1a h4f y8e4 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">guarant<span class=\"_ _0\"></span>ee that <span class=\"_ _0\"></span>each coh<span class=\"_ _0\"></span>ort does<span class=\"_ _0\"></span>\u00a0not incl<span class=\"_ _2b\"></span>ude contracts t<span class=\"_ _2b\"></span>hat are issued</div>\n<div class=\"t m0 x1a h4f y8e5 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">more than one year<span class=\"_ _2\"></span>\u00a0ap<span class=\"lse0 wsf0\">art.<span class=\"_ _0\"></span>\u00a0Each annu<span class=\"_ _0\"></span>al cohort is t<span class=\"_ _0\"></span>hen furthe<span class=\"_ _2b\"></span>r divided </span></div>\n<div class=\"t m0 x1a h4f y8e6 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">into (a mini<span class=\"_ _0\"></span>mum of) thr<span class=\"_ _0\"></span>ee groups of in<span class=\"_ _2b\"></span>surance contract<span class=\"_ _2b\"></span>s, based on the</div>\n<div class=\"t m0 x1a h4f y8e7 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">expected pro<span class=\"_ _2\"></span>fitability of the underlying con<span class=\"_ _2\"></span>tracts:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8e8 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0group of insurance<span class=\"_ _2\"></span>\u00a0contracts that<span class=\"_ _2\"></span>\u00a0<span class=\"wsf1\">are</span></span><span class=\"ff6d\">\u00a0<span class=\"lse2 wsfa\">onerous at i<span class=\"_ _2\"></span>nitial </span></span></span></div>\n<div class=\"t m0 x6c h4f y8e9 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, if any; <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ea ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0group of insurance<span class=\"_ _2\"></span>\u00a0contracts that<span class=\"_ _2\"></span>\u00a0at initial recog<span class=\"_ _2\"></span>nition have no </span></span></div>\n<div class=\"t m0 x6c h4f y8eb ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span>\u00a0possibility of be<span class=\"_ _2\"></span>coming onerous sub<span class=\"_ _2\"></span>sequently, if any;<span class=\"_ _2\"></span>\u00a0and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8ec ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">A group of the remain<span class=\"_ _2b\"></span>ing insurance cont<span class=\"_ _2b\"></span>racts, if any.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y8ed ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8ee ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts th<span class=\"_ _2b\"></span>at would fall int<span class=\"_ _2b\"></span>o different gr<span class=\"_ _0\"></span>oups on<span class=\"_ _0\"></span>ly becau<span class=\"_ _2b\"></span>se</div>\n<div class=\"t m0 x1a h4f y8ef ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">law or regu<span class=\"_ _0\"></span>lation s<span class=\"_ _0\"></span>pecific<span class=\"_ _0\"></span>ally const<span class=\"_ _2b\"></span>rains the practic<span class=\"_ _0\"></span>al ability<span class=\"_ _0\"></span>\u00a0of the issui<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y8f0 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">entity t<span class=\"_ _0\"></span>o set a dif<span class=\"_ _0\"></span>ferent<span class=\"_ _2b\"></span>\u00a0price or leve<span class=\"_ _0\"></span>l of benef<span class=\"_ _0\"></span>its for <span class=\"_ _0\"></span>policy<span class=\"_ _0\"></span>holders <span class=\"_ _0\"></span>with</div>\n<div class=\"t m0 x1a h4f y8f1 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nt chara<span class=\"_ _2b\"></span>cteristics are <span class=\"_ _0\"></span>includ<span class=\"_ _0\"></span>ed in the s<span class=\"_ _2b\"></span>ame g<span class=\"lse2 wsf1\">roup<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h55 y8f2 ff6f fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Recognition<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8f3 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rec<span class=\"_ _2b\"></span>ognises groups of<span class=\"_ _0\"></span>\u00a0insuranc<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s and rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y8f4 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s issued (othe<span class=\"_ _0\"></span>r than i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt contracts wit<span class=\"_ _2b\"></span>h <span class=\"wsef\">discretion<span class=\"_ _0\"></span>ary </span></div>\n<div class=\"t m0 x1a h4f y8f5 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse2\">and reinsu<span class=\"_ _2\"></span>rance contracts held)<span class=\"_ _2\"></span>\u00a0on its </span></div>\n<div class=\"t m0 x1a h4f y8f6 ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated st<span class=\"_ _2b\"></span>atement of fin<span class=\"_ _0\"></span>ancial p<span class=\"_ _0\"></span>osition<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">from the<span class=\"_ _2\"></span>\u00a0earliest of:</span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8f7 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsf0\">The beginning of t<span class=\"_ _0\"></span>heir cover<span class=\"_ _0\"></span>age peri<span class=\"_ _0\"></span>od;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y8f8 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse0 wsfa\">The date when t<span class=\"_ _2b\"></span>he first payment<span class=\"_ _0\"></span>\u00a0from a <span class=\"_ _0\"></span>policyh<span class=\"_ _0\"></span>older in t<span class=\"_ _2b\"></span>he group </span></span></div>\n<div class=\"t m0 x6c h4f y8f9 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">becomes<span class=\"_ _0\"></span>\u00a0due, or, wh<span class=\"_ _0\"></span>en there is no d<span class=\"_ _2b\"></span>ue date, when the first p<span class=\"_ _2b\"></span>ayment</div>\n<div class=\"t m0 x6c h4f y8fa ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from the <span class=\"_ _2\"></span>policyholder is re<span class=\"_ _2\"></span>ceived; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8fb ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">W<span class=\"_ _2\"></span>hen facts and circ<span class=\"_ _2\"></span>ums<span class=\"lse0 wsf0\">tanc<span class=\"_ _0\"></span>es indicat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>that<span class=\"_ _0\"></span>\u00a0the group of<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce </span></span></span></div>\n<div class=\"t m0 x6c h4f y8fc ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts becom<span class=\"_ _2\"></span>es onerous.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y8fd ff6d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y8fe ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rec<span class=\"_ _2b\"></span>ognises groups of<span class=\"_ _0\"></span>\u00a0investme<span class=\"_ _0\"></span>nt contrac<span class=\"_ _0\"></span>ts with <span class=\"wsef\">dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary </span></div>\n<div class=\"t m0 x1a h4f y8ff ff6d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf0\">on its cons<span class=\"_ _0\"></span>olidated st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>\u00a0of financi<span class=\"_ _2b\"></span>al position </span></div>\n<div class=\"t m0 x1a h4f y900 ff6d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">when Ageas becom<span class=\"_ _2\"></span>es party to the contract<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h55 y901 ff6f fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Measurement app<span class=\"_ _2\"></span>roaches<span class=\"ls0 ws0\">\u00a0\u00a0</span></div>\n<div class=\"t m0 x1a h4f y902 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas measure<span class=\"_ _2\"></span>s groups of in<span class=\"_ _2\"></span>surance contracts us<span class=\"_ _2\"></span>ing the following<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y903 ff6d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measurement app<span class=\"_ _2\"></span>roaches:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y904 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he General Measurem<span class=\"_ _2\"></span>ent Model (GMM), a<span class=\"_ _2\"></span>lso referred to a<span class=\"_ _2\"></span>s </span></span></div>\n<div class=\"t m0 x6c h4f y905 ff6d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Buildi<span class=\"_ _0\"></span>ng Block App<span class=\"_ _0\"></span>roach (BB<span class=\"_ _0\"></span>A);<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y906 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he Premium Allocat<span class=\"_ _2\"></span>ion Approach (PAA);<span class=\"_ _2\"></span>\u00a0and</span><span class=\"ff6d\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y907 ff70 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff71\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff6d lse2 wsfa\">T<span class=\"_ _2\"></span>he Variabl<span class=\"lse0 wsf0\">e Fee Approa<span class=\"_ _0\"></span>ch (VFA).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">General Mea<span class=\"_ _2\"></span>surement Model <span class=\"ls0 ws0\">\u2013<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">initi<span class=\"_ _2b\"></span>al measurement<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under the <span class=\"lse0 wsf0\">General Meas<span class=\"_ _0\"></span>urement<span class=\"_ _0\"></span>\u00a0Model, gro<span class=\"_ _0\"></span>ups of insu<span class=\"_ _0\"></span>rance c<span class=\"_ _0\"></span>ontracts </span></div>\n<div class=\"t m0 x7 h4f y804 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">are<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">measured on init<span class=\"_ _2b\"></span>ial recognition a<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>the t<span class=\"_ _0\"></span>otal of:<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse0 wsfa\">The present v<span class=\"_ _0\"></span>alue of t<span class=\"_ _2b\"></span>heir estimate<span class=\"_ _0\"></span>d future c<span class=\"_ _2b\"></span>ash flows;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse2 ws103\">An<span class=\"_ _2\"></span>\u00a0explicit <span class=\"lse1 wsf0\">risk </span>adjustment<span class=\"_ _2\"></span>\u00a0for non</span><span class=\"ff72\">-<span class=\"lse2 wsfa\">financial ri<span class=\"_ _2\"></span>sk; and</span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y807 ff75 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff76\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff72 lse2 wsf1\">T<span class=\"_ _2\"></span>he </span><span class=\"ff72\">c<span class=\"lse2 wsf1\">ontractual<span class=\"_ _2\"></span>\u00a0</span>s<span class=\"lse1 wsf0\">ervice </span>m<span class=\"lse2 ws103\">argin<span class=\"_ _2\"></span>\u00a0(CSM), unless the contract is<span class=\"_ _2\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x43 h4f y808 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">onerous. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y809 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The sum of the presen<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsfa\">value of<span class=\"_ _0\"></span>\u00a0<span class=\"lse2 wsf1\">the </span>estimates<span class=\"_ _0\"></span>\u00a0of futu<span class=\"_ _0\"></span>re cash f<span class=\"_ _0\"></span>lows an<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the risk<span class=\"_ _2\"></span>\u00a0adjustment for non<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">financ<span class=\"_ _2b\"></span>ial risk is referred t<span class=\"_ _0\"></span>o as the fulfi<span class=\"_ _0\"></span>lment </span></span></div>\n<div class=\"t m0 x7 h4f y80c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>\u00a0of the grou<span class=\"_ _0\"></span>p of contract<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80d ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80e ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The esti<span class=\"_ _0\"></span>mates of f<span class=\"_ _2b\"></span>uture cash fl<span class=\"_ _0\"></span>ows incl<span class=\"_ _2b\"></span>uded in the meas<span class=\"_ _2b\"></span>urement of a</div>\n<div class=\"t m0 x7 h4f y80f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">group of co<span class=\"_ _0\"></span>ntracts ar<span class=\"_ _2b\"></span>e determined by the gui<span class=\"_ _2b\"></span>dance in IFRS 17 on</div>\n<div class=\"t m0 x7 h4f y810 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contract bounda<span class=\"_ _2\"></span>ries. For some product group<span class=\"_ _2\"></span>s, the guidance on contract<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y90a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">boundaries und<span class=\"_ _2\"></span>er<span class=\"ls0 ws0\">\u00a0</span>IFRS 17 differs from the<span class=\"_ _2\"></span>\u00a0current practice under IFRS<span class=\"_ _2\"></span>\u00a04</div>\n<div class=\"t m0 x7 h4f y90b ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or the (<span class=\"_ _2\"></span>shorter) contract boun<span class=\"_ _2\"></span>daries applicable<span class=\"_ _2\"></span>\u00a0under Solvency I<span class=\"_ _2\"></span>I.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90c ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y90d ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The cash flow and<span class=\"_ _2\"></span>\u00a0valuation modelling methodol<span class=\"_ _2\"></span>ogy used <span class=\"wsf1\">under<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">IF<span class=\"_ _2\"></span>RS </span></span></span></div>\n<div class=\"t m0 x7 h4f y90e ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">17 is si<span class=\"_ _0\"></span>milar to t<span class=\"_ _2b\"></span>he models <span class=\"lse2\">Ageas uses<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf1\">under<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span>Solve<span class=\"_ _2b\"></span>ncy II. For the</div>\n<div class=\"t m0 x7 h4f y90f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span>s in scope of t<span class=\"_ _0\"></span>he G<span class=\"lse2 wsfa\">eneral Measuremen<span class=\"_ _2\"></span>t Model<span class=\"lse0\">, the fix<span class=\"_ _0\"></span>ed cash </span></span></div>\n<div class=\"t m0 x7 h4f y910 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">flows are<span class=\"_ _2\"></span>\u00a0modelled <span class=\"lse0\">on a </span><span class=\"wsf1\">contract<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">by</span>-<span class=\"lse0 wsef\">contract</span>\u00a0<span class=\"ls102 ws11d\">basis<span class=\"lsfc ws121\">. Ne<span class=\"_ _2\"></span>xt,</span></span>\u00a0</span>these </span></div>\n<div class=\"t m0 x7 h4f y911 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">projected <span class=\"_ _2\"></span>cash flows are g<span class=\"_ _2\"></span>rouped in meaningf<span class=\"_ _2\"></span>ul model points.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span><span class=\"lse0\">The c<span class=\"_ _2b\"></span>ash </span></div>\n<div class=\"t m0 x7 h4f y912 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows rel<span class=\"_ _0\"></span>ated to thes<span class=\"_ _0\"></span>e model poi<span class=\"_ _0\"></span>nts are stoc<span class=\"_ _2b\"></span>hastically pro<span class=\"_ _2b\"></span>jected to derive</div>\n<div class=\"t m0 x7 h4f y913 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the varia<span class=\"_ _0\"></span>ble cash fl<span class=\"_ _0\"></span>ows and the o<span class=\"_ _0\"></span>ption adj<span class=\"_ _0\"></span>usted val<span class=\"_ _0\"></span>ue (at total<span class=\"_ _0\"></span>\u00a0portfoli<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x7 h4f y914 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">level or for a<span class=\"_ _2\"></span>\u00a0group of new bu<span class=\"lse0 wsfa\">siness<span class=\"_ _0\"></span>). Both t<span class=\"_ _2b\"></span>he cash flows<span class=\"_ _0\"></span>\u00a0and val<span class=\"_ _0\"></span>uation </span></div>\n<div class=\"t m0 x7 h4f y915 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">captur<span class=\"_ _0\"></span>e the de<span class=\"_ _0\"></span>pendency<span class=\"_ _0\"></span>\u00a0to risk <span class=\"_ _0\"></span>neutral f<span class=\"_ _2b\"></span>inancial vari<span class=\"_ _2b\"></span>able movement<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y916 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(e.g. inte<span class=\"_ _2b\"></span>rest rates, share p<span class=\"_ _0\"></span>rice move<span class=\"_ _0\"></span>ments, rea<span class=\"_ _0\"></span>l estate v<span class=\"_ _0\"></span>aluatio<span class=\"_ _2b\"></span>n).</div>\n<div class=\"t m0 x7 h4f y917 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Finally<span class=\"_ _0\"></span>, the va<span class=\"_ _0\"></span>riable c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s are al<span class=\"_ _0\"></span>located t<span class=\"_ _2b\"></span>o the groups of<span class=\"_ _0\"></span>\u00a0contrac<span class=\"_ _0\"></span>ts</div>\n<div class=\"t m0 x7 h4f y918 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">re<span class=\"lse2 ws103\">cognised under IFRS 17<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y919 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y91a ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The met<span class=\"_ _0\"></span>hods an<span class=\"_ _0\"></span>d proces<span class=\"_ _0\"></span>ses use<span class=\"_ _0\"></span>d for th<span class=\"_ _0\"></span>e project<span class=\"_ _2b\"></span>ion and valuati<span class=\"_ _0\"></span>on <span class=\"lsf4 ws10c\">of </span></div>\n<div class=\"t m0 x7 h4f y91b ff72 fs3a fc14 sc0 lse1 ws104\" style=\"z-index: 15;\">cash flows <span class=\"lse2 wsfa\">are overseen an<span class=\"_ _2\"></span>d validated by the<span class=\"_ _2\"></span>\u00a0Model Control Boar<span class=\"_ _2\"></span>d of </span></div>\n<div class=\"t m0 x7 h4f y91c ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas. Any<span class=\"_ _2\"></span>\u00a0changes in the <span class=\"_ _2\"></span>methods and process<span class=\"_ _2\"></span>es for estimating <span class=\"_ _2\"></span>inputs</div>\n<div class=\"t m0 x7 h4f y91d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">used to m<span class=\"_ _2b\"></span>easure contrac<span class=\"_ _0\"></span>ts,<span class=\"ls0 ws0\">\u00a0</span>the re<span class=\"_ _0\"></span>ason f<span class=\"_ _0\"></span>or each c<span class=\"_ _0\"></span>hange,<span class=\"_ _0\"></span>\u00a0and the t<span class=\"_ _0\"></span>ype of</div>\n<div class=\"t m0 x7 h4f y91e ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>aff<span class=\"_ _0\"></span>ected ar<span class=\"_ _0\"></span>e docume<span class=\"_ _0\"></span>nted and val<span class=\"_ _0\"></span>idated.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91f ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y920 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The subsi<span class=\"_ _0\"></span>diaries of<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>Ageas<span class=\"_ _0\"></span>\u00a0will deter<span class=\"_ _2b\"></span>mine the present val<span class=\"_ _0\"></span>ue of <span class=\"lse2 wsf1\">the </span></div>\n<div class=\"t m0 x7 h4f y921 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es of future cash flo<span class=\"_ _0\"></span>ws using di<span class=\"_ _0\"></span>scount <span class=\"wsef\">cur<span class=\"_ _0\"></span>ves<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">that are det<span class=\"_ _2\"></span>ermined </span></span></span></div>\n<div class=\"t m0 x7 h4f y922 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using a top<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">down metho<span class=\"lse2 wsfa\">dology, aligning to th<span class=\"_ _2\"></span>e methodology used<span class=\"_ _2\"></span>\u00a0under </span></span></span></div>\n<div class=\"t m0 x7 h4f y923 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Solvency <span class=\"_ _2\"></span>II pillar 2.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y924 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y925 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The risk adju<span class=\"_ _2\"></span>stment for non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">financi<span class=\"_ _0\"></span>al risk ref<span class=\"_ _2b\"></span>lects the co<span class=\"_ _0\"></span>mpensat<span class=\"_ _0\"></span>ion that<span class=\"_ _0\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y926 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas req<span class=\"_ _0\"></span>uires fo<span class=\"_ _0\"></span>r bearing un<span class=\"_ _0\"></span>certai<span class=\"_ _0\"></span>nty about t<span class=\"_ _0\"></span>he amount an<span class=\"_ _0\"></span>d timing of</div>\n<div class=\"t m0 x7 h4f y927 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cash f<span class=\"_ _2b\"></span>lows of the gr<span class=\"_ _0\"></span>oup of ins<span class=\"_ _2b\"></span>urance c<span class=\"wsf0\">ontract<span class=\"_ _0\"></span>s that aris<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>fro<span class=\"_ _0\"></span>m non<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x7 h4f y928 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al risk. It c<span class=\"_ _0\"></span>overs ins<span class=\"_ _0\"></span>urance ris<span class=\"_ _2b\"></span>k and other non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">financial risks,<span class=\"_ _2\"></span>\u00a0such </span></span></div>\n<div class=\"t m0 x7 h4f y929 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as lapse and ex<span class=\"_ _2b\"></span>pense risk.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y92a ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y92b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The subsi<span class=\"_ _0\"></span>diaries of<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>Ageas<span class=\"_ _0\"></span>\u00a0will calc<span class=\"_ _0\"></span>ulate the ri<span class=\"_ _0\"></span>sk adjustm<span class=\"_ _2b\"></span>ent for non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y92c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al risk usi<span class=\"_ _0\"></span>ng a confide<span class=\"_ _0\"></span>nce level ap<span class=\"_ _0\"></span>proach,<span class=\"_ _0\"></span>\u00a0target<span class=\"_ _0\"></span>ing the 75</div>\n<div class=\"t m0 x75 h64 y92d ff72 fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">th</div>\n<div class=\"t m0 x215 h4f y92e ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y92f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">percent<span class=\"_ _0\"></span>ile. No gro<span class=\"_ _0\"></span>up divers<span class=\"_ _0\"></span>ificati<span class=\"_ _0\"></span>on effect<span class=\"_ _0\"></span>s are appl<span class=\"_ _0\"></span>ied. Subj<span class=\"_ _0\"></span>ect to</div>\n<div class=\"t m0 x1a h4f y930 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">appropri<span class=\"_ _2b\"></span>ate manageme<span class=\"_ _0\"></span>nt level a<span class=\"_ _2b\"></span>pproval, the ri<span class=\"_ _0\"></span>sk adjus<span class=\"_ _0\"></span>tment s<span class=\"_ _0\"></span>hould</div>\n<div class=\"t m0 x1a h4f y931 ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">include an allow<span class=\"_ _2\"></span>ance to adequately reflect<span class=\"_ _2\"></span>\u00a0emerging risks and</div>\n<div class=\"t m0 x1a h4f y932 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ainties.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y933 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y934 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ls0 ws0\">c</span>on<span class=\"_ _2\"></span>tractual <span class=\"ls0 ws0\">s<span class=\"lse1 wsf0\">ervice <span class=\"_ _2\"></span></span>m<span class=\"lse0 wsef\">ar</span></span><span class=\"wsfa\">gin (</span>CSM<span class=\"ls0 ws0\">) </span><span class=\"wsfa\">rep<span class=\"_ _2\"></span>resents the unearne<span class=\"_ _2\"></span>d profit on </span></div>\n<div class=\"t m0 x1a h4f y935 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">a group o<span class=\"_ _2\"></span>f insurance cont<span class=\"_ _2\"></span>racts.<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">As a direct conseque<span class=\"_ _2\"></span>nce of the </span></div>\n<div class=\"t m0 x1a h4f y936 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion of <span class=\"wsfa\">a contract<span class=\"_ _0\"></span>ual serv<span class=\"_ _0\"></span>ice marg<span class=\"_ _2b\"></span>in<span class=\"wsf0\">, any day one gains in t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f y937 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fulfilm<span class=\"_ _2b\"></span>ent cash flows are def<span class=\"_ _0\"></span>erred. <span class=\"lse2 ws103\">Ageas will recognise th<span class=\"ls0 ws0\">e<span class=\"_ _2\"></span>\u00a0</span><span class=\"wsf1\">unearned </span></span></div>\n<div class=\"t m0 x1a h4f y938 ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">profit <span class=\"lse2 wsf1\">on<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">a group o<span class=\"_ _2\"></span>f insurance contrac<span class=\"_ _2\"></span>ts <span class=\"ls102 ws129\">in its<span class=\"ls0 ws0\">\u00a0</span></span></span>consol<span class=\"_ _2\"></span>idated<span class=\"ls0 ws0\">\u00a0</span></span>income</div>\n<div class=\"t m0 x1a h4f y939 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt over the per<span class=\"_ _2b\"></span>iod that it prov<span class=\"_ _0\"></span>ides ins<span class=\"_ _2b\"></span>urance contra<span class=\"_ _0\"></span>ct serv<span class=\"_ _0\"></span>ices.</div>\n<div class=\"t m0 x1a h4f y93a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Weighted coverage<span class=\"_ _2\"></span>\u00a0units <span class=\"ls106 ws10c\">will be<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"wsfa\">used for multi<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>cover insurance </span></div>\n<div class=\"t m0 x1a h4f y93b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span>s, when rel<span class=\"_ _2b\"></span>evant to have a result p<span class=\"_ _0\"></span>rofile in l<span class=\"_ _0\"></span>ine with the n<span class=\"_ _0\"></span>ature of</div>\n<div class=\"t m0 x1a h4f y93c ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cont<span class=\"_ _0\"></span>ract. Ot<span class=\"_ _2b\"></span>herwise, the m<span class=\"_ _2b\"></span>ost relevant si<span class=\"_ _2b\"></span>ngle covera<span class=\"_ _0\"></span>ge unit <span class=\"ls106 ws115\">w<span class=\"_ _0\"></span>ill be<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y93d ff72 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">used.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y93e ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y93f ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"wsfa\">contra<span class=\"_ _2\"></span>ctual service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">of a grou<span class=\"_ _0\"></span>p of insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cont<span class=\"_ _2b\"></span>racts can </span></span></span></div>\n<div class=\"t m0 x1a h4f y940 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">never b<span class=\"_ _0\"></span>e negativ<span class=\"_ _2b\"></span>e. In such a sit<span class=\"_ _0\"></span>uation,<span class=\"_ _2b\"></span>\u00a0the group of ins<span class=\"_ _2b\"></span>urance contr<span class=\"_ _2b\"></span>acts</div>\n<div class=\"t m0 x1a h4f y941 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is onerou<span class=\"_ _2\"></span>s (i.e. bein<span class=\"lse0 wsf0\">g in a loss positi<span class=\"_ _0\"></span>on), and any l<span class=\"_ _2b\"></span>oss is immediately<span class=\"_ _0\"></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y942 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y943 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">General Mea<span class=\"_ _2\"></span>surement Model <span class=\"ls0 ws0\">\u2013<span class=\"_ _2\"></span>\u00a0</span>subsequent measur<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y944 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The carry<span class=\"_ _2b\"></span>ing amount of a <span class=\"_ _2b\"></span>group of insur<span class=\"_ _0\"></span>ance co<span class=\"_ _0\"></span>ntracts <span class=\"_ _0\"></span>at a rep<span class=\"_ _0\"></span>orting</div>\n<div class=\"t m0 x1a h4f y945 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date is t<span class=\"_ _0\"></span>he sum of<span class=\"_ _0\"></span>\u00a0the lia<span class=\"_ _0\"></span>bility f<span class=\"_ _2b\"></span>or remaining c<span class=\"_ _0\"></span>o<span class=\"lse2\">verage, includi<span class=\"_ _2\"></span>ng any </span></div>\n<div class=\"t m0 x1a h4f y946 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>ual service mar<span class=\"_ _0\"></span>gin or loss co<span class=\"_ _0\"></span>mponent,<span class=\"_ _0\"></span>\u00a0and the liab<span class=\"_ _0\"></span>ility fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f y947 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d claims<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y948 ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y949 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fulfil<span class=\"_ _2b\"></span>ment cash flows are r<span class=\"_ _0\"></span>emeasu<span class=\"_ _0\"></span>red at ever<span class=\"_ _0\"></span>y reporti<span class=\"_ _2b\"></span>ng period using</div>\n<div class=\"t m0 x1a h4f y94a ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">current estima<span class=\"_ _2\"></span>tes of future cash flows, cur<span class=\"_ _2\"></span>rent discount rates and <span class=\"wsf1\">cur<span class=\"_ _2\"></span>rent </span></div>\n<div class=\"t m0 x1a h4f y94b ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es of the risk a<span class=\"_ _2b\"></span>djustment for n<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">financ<span class=\"_ _0\"></span>ial risks.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y94c ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y94d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In remeas<span class=\"_ _2b\"></span>uring the fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows <span class=\"lse2 ws103\">of the liability for rem<span class=\"_ _2\"></span>aining </span></div>\n<div class=\"t m0 x1a h4f y94e ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coverage <span class=\"_ _2\"></span><span class=\"ws103\">in subsequent reporting period<span class=\"_ _2\"></span>s, certain changes in the </span></div>\n<div class=\"t m0 x1a h4f y94f ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fulfilm<span class=\"_ _2b\"></span>ent cash flows are adj<span class=\"_ _0\"></span>usted aga<span class=\"_ _0\"></span>inst the <span class=\"lse2 wsfa\">contractual service ma<span class=\"_ _2\"></span>rgin<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y950 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and will t<span class=\"_ _2b\"></span>herefore be rec<span class=\"_ _2b\"></span>ognised in th<span class=\"_ _0\"></span>e incom<span class=\"_ _2b\"></span>e statement ov<span class=\"_ _0\"></span>er the</div>\n<div class=\"t m0 x1a h4f y951 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>ng period d<span class=\"_ _2b\"></span>uring which Ageas pr<span class=\"_ _0\"></span>ovides i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contr<span class=\"lsf4 ws10c\">act </span></div>\n<div class=\"t m0 x1a h4f y952 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s. Inter<span class=\"_ _0\"></span>est for the pa<span class=\"_ _0\"></span>ssage of tim<span class=\"_ _0\"></span>e is accrete<span class=\"_ _0\"></span>d on the <span class=\"lse2 wsf1\">contractual </span></div>\n<div class=\"t m0 x1a h4f y953 ff72 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"lse0 wsf0\">, using d<span class=\"_ _2b\"></span>iscount rates at<span class=\"_ _0\"></span>\u00a0initial rec<span class=\"_ _0\"></span>ognitio<span class=\"_ _2b\"></span>n of <span class=\"_ _2\"></span>the </span></div>\n<div class=\"t m0 x1a h4f y954 ff72 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">contracts.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y955 ff74 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Premium Alloc<span class=\"_ _2\"></span>ation Approach<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y956 ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>permits<span class=\"_ _0\"></span>\u00a0an entity<span class=\"_ _0\"></span>\u00a0to meas<span class=\"_ _2b\"></span>ure groups of i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e contracts th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x1a h4f y957 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">meet spec<span class=\"_ _0\"></span>ific con<span class=\"_ _0\"></span>ditions, suc<span class=\"_ _2b\"></span>h as insurance cont<span class=\"_ _0\"></span>racts tha<span class=\"_ _2b\"></span>t <span class=\"_ _2\"></span>have a</div>\n<div class=\"t m0 x1a h4f y958 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coverag<span class=\"_ _2b\"></span>e period of one year or le<span class=\"_ _0\"></span>ss, apply<span class=\"_ _2b\"></span>ing the simplified P<span class=\"_ _0\"></span>remium</div>\n<div class=\"t m0 x1a h4f y959 ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Allocat<span class=\"_ _0\"></span>ion Appro<span class=\"_ _2b\"></span>ach (instead of the G<span class=\"lse2 wsfa\">eneral Measurement Model</span><span class=\"wsef\">).<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y95a ff72 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y95b ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In applyi<span class=\"_ _0\"></span>ng the <span class=\"lse2 wsfa\">Premium Allocation<span class=\"_ _2\"></span>\u00a0Approach<span class=\"ws103\">, Ageas </span></span><span class=\"wsef\">intends<span class=\"ls0 ws0\">\u00a0<span class=\"lsfc ws115\">to </span></span></span></div>\n<div class=\"t m0 x1a h4f y95c ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>se any insu<span class=\"_ _0\"></span>rance acq<span class=\"_ _2b\"></span>uisition cash flow<span class=\"_ _0\"></span>s as an expens<span class=\"_ _0\"></span>e when it</div>\n<div class=\"t m0 x1a h4f y95d ff72 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">incurs t<span class=\"_ _0\"></span>hose cos<span class=\"_ _0\"></span>ts, prov<span class=\"_ _2b\"></span>ided that the <span class=\"_ _0\"></span>initial c<span class=\"_ _2b\"></span>overage peri<span class=\"_ _0\"></span>od at th<span class=\"_ _0\"></span>e initial</div>\n<div class=\"t m0 x1a h4f y95e ff72 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion date of the groups of<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts is no mo<span class=\"_ _0\"></span>re than</div>\n<div class=\"t m0 x1a h4f y95f ff72 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">one year. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Applying the <span class=\"wsfa\">Pre<span class=\"_ _2\"></span>mium Allocation Appro<span class=\"_ _2\"></span>ach<span class=\"lse0 wsf0\">, the li<span class=\"_ _0\"></span>ability for r<span class=\"_ _0\"></span>emaini<span class=\"_ _0\"></span>ng </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coverage <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">is<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"ws103\">initially recogn<span class=\"_ _2\"></span>ised as the premiums received a<span class=\"_ _2\"></span>t initial </span></div>\n<div class=\"t m0 x7 h4f y804 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>, if any. Subsequen<span class=\"_ _2\"></span>tly, the carrying amo<span class=\"_ _2\"></span>unt of the liabi<span class=\"_ _2\"></span>lity for</div>\n<div class=\"t m0 x7 h4f y805 ff77 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>n<span class=\"wsfa\">g cove<span class=\"_ _2b\"></span>rage is<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">measured as<span class=\"_ _2\"></span></span>\u00a0</span><span class=\"wsf0\">the car<span class=\"_ _0\"></span>rying amo<span class=\"_ _2b\"></span>unt at the start of </span></span></div>\n<div class=\"t m0 x7 h4f y806 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the repo<span class=\"_ _0\"></span>rting p<span class=\"_ _2b\"></span>eriod, plus the p<span class=\"_ _2b\"></span>remiums receiv<span class=\"_ _2b\"></span>ed in the period <span class=\"_ _2b\"></span>minus the</div>\n<div class=\"t m0 x7 h4f y807 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount r<span class=\"_ _2b\"></span>ecognised as <span class=\"_ _0\"></span>insuran<span class=\"_ _0\"></span>ce reve<span class=\"_ _2b\"></span>nue for covera<span class=\"_ _0\"></span>ge provi<span class=\"_ _0\"></span>ded in th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y808 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period, a<span class=\"_ _0\"></span>nd minus any<span class=\"_ _0\"></span>\u00a0investme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mponent<span class=\"_ _0\"></span>\u00a0paid or t<span class=\"lse2 ws103\">ransferred to the </span></div>\n<div class=\"t m0 x7 h4f y809 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liability<span class=\"_ _2\"></span>\u00a0for incurred claims. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80a ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80b ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If at any time<span class=\"_ _2\"></span>\u00a0before and during the coverage per<span class=\"_ _2\"></span>iod, facts and</div>\n<div class=\"t m0 x7 h4f y80c ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">circumstances<span class=\"_ _2\"></span>\u00a0indicate that a group of ins<span class=\"_ _2\"></span>urance contracts is onerous<span class=\"_ _2\"></span>,</div>\n<div class=\"t m0 x7 h4f y80d ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">then Ageas <span class=\"_ _2\"></span>recognises a lo<span class=\"_ _2\"></span>ss in the income<span class=\"_ _2\"></span>\u00a0statement and in<span class=\"_ _2\"></span>creases the<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80e ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y for re<span class=\"_ _0\"></span>maining <span class=\"_ _0\"></span>covera<span class=\"_ _2b\"></span>ge to the extent<span class=\"_ _2b\"></span>\u00a0that the curre<span class=\"_ _0\"></span>nt estim<span class=\"_ _2b\"></span>ates of</div>\n<div class=\"t m0 x7 h4f y80f ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the fulfi<span class=\"_ _2b\"></span>lment cash flo<span class=\"_ _2b\"></span>ws that relate t<span class=\"_ _2b\"></span>o remaining c<span class=\"_ _0\"></span>overag<span class=\"_ _0\"></span>e exceed t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y810 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amoun<span class=\"_ _2\"></span>t of the liability for remaini<span class=\"_ _2\"></span>ng coverage.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90a ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y90b ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The carryin<span class=\"_ _2\"></span>g amount of the<span class=\"_ _2\"></span>\u00a0liability for inc<span class=\"_ _2\"></span>urred<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">claims of a gr<span class=\"_ _2b\"></span>oup of </span></span></div>\n<div class=\"t m0 x7 h4f y90c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts meas<span class=\"_ _0\"></span>ured apply<span class=\"_ _2b\"></span>ing the Premium Al<span class=\"_ _2b\"></span>location</div>\n<div class=\"t m0 x7 h4f y90d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Approac<span class=\"_ _0\"></span>h includ<span class=\"_ _0\"></span>es the amou<span class=\"_ _0\"></span>nt of the risk<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">adjusted<span class=\"_ _2\"></span>\u00a0discounted fulfil<span class=\"_ _2\"></span>ment </span></span></div>\n<div class=\"t m0 x7 h4f y90e ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws, dis<span class=\"_ _0\"></span>counted <span class=\"_ _0\"></span>at curr<span class=\"_ _0\"></span>ent rate<span class=\"_ _2b\"></span>s, relating to t<span class=\"_ _2b\"></span>he incurred c<span class=\"_ _0\"></span>laims</div>\n<div class=\"t m0 x7 h4f y90f ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the e<span class=\"_ _0\"></span>xpenses<span class=\"_ _0\"></span>\u00a0that h<span class=\"_ _0\"></span>ave n<span class=\"wsf0\">ot yet b<span class=\"_ _2b\"></span>een paid.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y910 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y911 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas intend<span class=\"_ _2\"></span>s to apply the <span class=\"lse0 wsf0\">Premium Allocat<span class=\"_ _0\"></span>ion Appro<span class=\"_ _0\"></span>ach<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">for th<span class=\"_ _0\"></span>e largest<span class=\"_ _0\"></span>\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y912 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">part of the eli<span class=\"_ _2b\"></span>gible groups of cont<span class=\"_ _2b\"></span>racts in its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-<span class=\"lse2 ws103\">li<span class=\"_ _2\"></span>fe and its reinsurance </span></span></div>\n<div class=\"t m0 x7 h4f y913 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business. Ag<span class=\"_ _2\"></span>eas intends to al<span class=\"_ _2\"></span>so apply the<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Pr<span class=\"_ _0\"></span>emium All<span class=\"_ _0\"></span>ocatio<span class=\"_ _0\"></span>n Approac<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y914 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for a limite<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>set of<span class=\"_ _0\"></span>\u00a0eligibl<span class=\"_ _0\"></span>e contract<span class=\"_ _0\"></span>s in its <span class=\"ls0 ws0\">L</span>ife busin<span class=\"_ _2b\"></span>ess, for which the</div>\n<div class=\"t m0 x7 h4f y915 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risks can be re<span class=\"_ _2b\"></span>priced on an annua<span class=\"_ _0\"></span>l basis.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y962 ff79 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Variable Fe<span class=\"_ _2\"></span>e Approach<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y963 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>requires<span class=\"_ _0\"></span>\u00a0an ent<span class=\"_ _0\"></span>ity to me<span class=\"_ _2b\"></span>asure groups of<span class=\"_ _0\"></span>\u00a0insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts</div>\n<div class=\"t m0 x7 h4f y964 ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">with direct par<span class=\"_ _2\"></span>ticipation features applyi<span class=\"_ _2\"></span>ng the<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">Variable Fe<span class=\"_ _2\"></span>e Approach </span></div>\n<div class=\"t m0 x7 h4f y965 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(inste<span class=\"_ _0\"></span>ad of the G<span class=\"lse2 wsfa\">eneral Measurement<span class=\"_ _2\"></span>\u00a0Model<span class=\"lsf4 ws10c\">). <span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y966 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y967 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"wsfa\">Gener<span class=\"_ _2\"></span>al Measurement Mode<span class=\"_ _2\"></span>l<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">and t<span class=\"_ _2b\"></span>he <span class=\"lse2\">Variab<span class=\"_ _2\"></span>le Fee Approach<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f y968 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">measure t<span class=\"_ _2b\"></span>he fulfilment<span class=\"_ _2b\"></span>\u00a0cash flows in t<span class=\"_ _2b\"></span>he same way. T<span class=\"_ _0\"></span>here is <span class=\"_ _0\"></span>however <span class=\"_ _2b\"></span>a</div>\n<div class=\"t m0 x7 h4f y969 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nce in the m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ent of the <span class=\"lse2 wsfa\">contractual service <span class=\"wsf1\">m<span class=\"_ _2\"></span>argin<span class=\"lsfd ws120\">. On </span></span></span></div>\n<div class=\"t m0 x7 h4f y96a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">initial rec<span class=\"_ _2b\"></span>ognition of a gro<span class=\"_ _0\"></span>up of insura<span class=\"_ _2b\"></span>nce contracts wit<span class=\"_ _0\"></span>h direct</div>\n<div class=\"t m0 x7 h4f y96b ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _2b\"></span>eatures, ther<span class=\"_ _0\"></span>e is no dif<span class=\"_ _2b\"></span>ference betw<span class=\"_ _0\"></span>een the <span class=\"_ _0\"></span><span class=\"lse2 wsf1\">contractual<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y96c ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">determined applying<span class=\"_ _2\"></span>\u00a0the General Measurement Model<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf1\">or </span></span></div>\n<div class=\"t m0 x7 h4f y96d ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"wsfa\">Variab<span class=\"_ _2\"></span>le Fee Approach. <span class=\"_ _2\"></span>In subsequent<span class=\"ls0 ws0\">\u00a0</span>repor<span class=\"_ _2\"></span>ting periods, the<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y96e ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contractual<span class=\"_ _2\"></span>\u00a0service margin<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">of a group of i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>h direct </span></div>\n<div class=\"t m0 x7 h4f y96f ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participation<span class=\"_ _2\"></span>\u00a0features, that is measured app<span class=\"_ _2\"></span>lying the Variable Fee</div>\n<div class=\"t m0 x7 h4f y970 ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Approach<span class=\"lse0 wsf0\">, is adjusted wit<span class=\"_ _0\"></span>h the chang<span class=\"_ _0\"></span>es in disco<span class=\"_ _0\"></span>unt rates an<span class=\"_ _2b\"></span>d other </span></div>\n<div class=\"t m0 x7 h4f y971 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al vari<span class=\"_ _0\"></span>ables (i<span class=\"_ _0\"></span>n t<span class=\"wsf0\">he G</span><span class=\"lse2\">eneral Measurement M<span class=\"_ _2\"></span>odel<span class=\"ls0 ws0\">\u00a0</span></span>such c<span class=\"_ _0\"></span>hanges</div>\n<div class=\"t m0 x7 h4f y972 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are report<span class=\"_ _0\"></span>ed in the stat<span class=\"_ _2b\"></span>ement of compreh<span class=\"_ _2b\"></span>ensive income).<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y973 ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y974 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Variabl<span class=\"_ _2\"></span>e Fee Approach<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">cannot be applied to g<span class=\"_ _2b\"></span>roups of Life </span></span></div>\n<div class=\"t m0 x7 h4f y975 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts wit<span class=\"_ _2b\"></span>h fully discret<span class=\"_ _2b\"></span>ionary profit<span class=\"_ _0\"></span>\u00a0sharin<span class=\"_ _0\"></span>g and to g<span class=\"_ _2b\"></span>roups</div>\n<div class=\"t m0 x7 h4f y976 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of reinsuran<span class=\"_ _2\"></span>ce contracts (bo<span class=\"_ _2\"></span>th reinsurance con<span class=\"_ _2\"></span>tracts held and is<span class=\"_ _2\"></span>sued).<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y977 ff79 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Modification<span class=\"_ _2\"></span>\u00a0and derecognition<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y978 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If the te<span class=\"_ _0\"></span>rms of a<span class=\"_ _0\"></span>n insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>ract are modif<span class=\"_ _0\"></span>ied in a s<span class=\"_ _2b\"></span>ubstantive w<span class=\"_ _0\"></span>ay,</div>\n<div class=\"t m0 x1a h4f y979 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas dere<span class=\"_ _2\"></span>cognise<span class=\"ls0 ws0\">s <span class=\"ls102 ws129\">the ini<span class=\"_ _2\"></span>tial</span>\u00a0</span><span class=\"lse0\">contrac<span class=\"_ _0\"></span>t and rec<span class=\"_ _2b\"></span>ognises the mo<span class=\"_ _2b\"></span>dified </span></div>\n<div class=\"t m0 x1a h4f y97a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span>\u00a0as a new contr<span class=\"_ _0\"></span>act, bas<span class=\"_ _0\"></span>ed<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">on speci<span class=\"_ _2\"></span>fic criteria.</span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f y97b ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y97c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 req<span class=\"_ _0\"></span>uires that<span class=\"_ _0\"></span>\u00a0an insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>act is derec<span class=\"_ _2b\"></span>ognised when it is</div>\n<div class=\"t m0 x1a h4f y97d ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">extinguished.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y97e ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Recognit<span class=\"_ _2b\"></span>ion and presentat<span class=\"_ _2b\"></span>ion in the statemen<span class=\"_ _0\"></span>t of financ<span class=\"_ _0\"></span>ial posit<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y97f ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas will<span class=\"_ _2\"></span>\u00a0present separatel<span class=\"_ _2\"></span>y in its <span class=\"lse0 wsef\">consolidat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"wsf0\">st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>\u00a0of financi<span class=\"_ _0\"></span>al </span></span></div>\n<div class=\"t m0 x1a h4f y980 ff77 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">posi<span class=\"_ _2\"></span>ti<span class=\"lse0 wsfa\">on the c<span class=\"_ _2b\"></span>arrying amount<span class=\"_ _0\"></span>\u00a0of port<span class=\"_ _0\"></span>folios<span class=\"_ _2b\"></span>\u00a0of:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y981 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span>\u00a0issued t<span class=\"_ _0\"></span>hat are <span class=\"_ _0\"></span>assets;<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y982 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span>\u00a0issued t<span class=\"_ _0\"></span>hat are <span class=\"_ _0\"></span>liabilit<span class=\"_ _2b\"></span>ies;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y983 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse2 ws103\">R<span class=\"_ _2\"></span>einsurance contracts held<span class=\"_ _2\"></span>\u00a0that are assets; and</span><span class=\"ff77\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y984 ff7a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff7b\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff77 lse2 wsf1\">R<span class=\"_ _2\"></span>einsurance</span><span class=\"ff77\">\u00a0<span class=\"lse0 wsfa\">contracts <span class=\"_ _2b\"></span>held that are l<span class=\"_ _0\"></span>iabilit<span class=\"_ _2b\"></span>ies.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 y985 ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Recognit<span class=\"_ _2b\"></span>ion and presentat<span class=\"_ _2b\"></span>ion in the income stat<span class=\"_ _2b\"></span>ement<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y986 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In its conso<span class=\"_ _0\"></span>lidated i<span class=\"_ _2b\"></span>ncome statement<span class=\"_ _0\"></span>, Ageas wi<span class=\"_ _0\"></span>ll present<span class=\"_ _0\"></span>\u00a0insuran<span class=\"_ _0\"></span>ce</div>\n<div class=\"t m0 x1a h4f y987 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service <span class=\"_ _0\"></span>result<span class=\"_ _0\"></span>s (compri<span class=\"_ _2b\"></span>sing insuranc<span class=\"_ _0\"></span>e reven<span class=\"_ _0\"></span>ue less i<span class=\"_ _2b\"></span>nsurance serv<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x1a h4f y988 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _2b\"></span>) separately<span class=\"_ _0\"></span>\u00a0from ins<span class=\"_ _2b\"></span><span class=\"wsf0\">urance finance inc<span class=\"_ _2b\"></span>ome and expenses<span class=\"_ _0\"></span>. </span></div>\n<div class=\"t m0 x1a h4f y989 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The present<span class=\"_ _2\"></span>ation of insurance<span class=\"_ _2\"></span>\u00a0revenue and in<span class=\"_ _2\"></span>surance service expen<span class=\"_ _2\"></span>ses</div>\n<div class=\"t m0 x1a h4f y98a ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is based on th<span class=\"_ _0\"></span>e concept of<span class=\"_ _0\"></span>\u00a0insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act servic<span class=\"_ _2b\"></span>es provided duri<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y98b ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the repor<span class=\"_ _2\"></span>ting period.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y98c ff77 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y98d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment comp<span class=\"_ _0\"></span>onents, w<span class=\"_ _2b\"></span>hich are amounts th<span class=\"_ _0\"></span>at the policy<span class=\"_ _2b\"></span>h<span class=\"ls102 ws115\">old<span class=\"_ _2\"></span>er will </span></div>\n<div class=\"t m0 x1a h4f y98e ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">always recei<span class=\"_ _2\"></span>ve, regardless o<span class=\"_ _2\"></span>f whether an insured<span class=\"_ _2\"></span>\u00a0event happens, <span class=\"_ _2\"></span>will</div>\n<div class=\"t m0 x1a h4f y98f ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not be pres<span class=\"_ _0\"></span>ented in the<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsef\">co<span class=\"_ _2b\"></span>nsolidated<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">inco<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment but<span class=\"_ _0\"></span>\u00a0will be </span></span></div>\n<div class=\"t m0 x1a h4f y990 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed dir<span class=\"_ _0\"></span>ectly in t<span class=\"_ _2b\"></span>he <span class=\"lse2 wsf1\">consoli<span class=\"_ _2\"></span>dated </span>statem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _2b\"></span>nancial posit<span class=\"_ _0\"></span>ion.</div>\n<div class=\"t m0 x1a h4f y991 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">To deter<span class=\"_ _2b\"></span>mine whether <span class=\"_ _0\"></span>an insu<span class=\"_ _0\"></span>rance con<span class=\"lse2 ws103\">t<span class=\"_ _0\"></span>ract includes an i<span class=\"_ _2\"></span>nvestment </span></div>\n<div class=\"t m0 x1a h4f y992 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">component, Age<span class=\"_ _2\"></span>as assesses at i<span class=\"_ _2\"></span>nception <span class=\"lse0 wsf0\">of the cont<span class=\"_ _0\"></span>ract whet<span class=\"_ _0\"></span>her \u2018a </span></div>\n<div class=\"t m0 x1a h4f y993 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>\u00a0would <span class=\"_ _0\"></span>occur in a<span class=\"_ _0\"></span>ll circ<span class=\"_ _0\"></span>umstanc<span class=\"_ _0\"></span>es\u2019. To i<span class=\"_ _0\"></span>nclude <span class=\"_ _0\"></span>\u2018all</div>\n<div class=\"t m0 x1a h4f y994 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">circumst<span class=\"_ _2b\"></span>ances\u2019 in this<span class=\"_ _2b\"></span>\u00a0assessment, <span class=\"_ _0\"></span>all possi<span class=\"_ _2b\"></span>ble events th<span class=\"_ _0\"></span>at termi<span class=\"_ _0\"></span>nate th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y995 ff77 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contract and<span class=\"_ _2\"></span>\u00a0trigger a pos<span class=\"_ _2\"></span>si<span class=\"lse0\">ble <span class=\"_ _2b\"></span>payment to a pol<span class=\"_ _2b\"></span>icyholder are </span></div>\n<div class=\"t m0 x1a h4f y996 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>red. These possib<span class=\"_ _0\"></span>le events a<span class=\"_ _2b\"></span>re contract canc<span class=\"_ _0\"></span>ellatio<span class=\"_ _0\"></span>n by the</div>\n<div class=\"t m0 x1a h4f y997 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy<span class=\"_ _0\"></span>holder, mat<span class=\"_ _2b\"></span>urity and all insu<span class=\"_ _0\"></span>red events<span class=\"_ _0\"></span>\u00a0(e.g. deat<span class=\"_ _0\"></span>h or surviv<span class=\"_ _0\"></span>al).<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h55 y998 ff79 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce financ<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome and exp<span class=\"_ _0\"></span>enses<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y999 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under IF<span class=\"_ _0\"></span>RS 17, t<span class=\"_ _0\"></span>he fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s and <span class=\"lse2 wsf1\">the </span>contra<span class=\"_ _2b\"></span>ctual service</div>\n<div class=\"t m0 x1a h4f y99a ff77 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">margin<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">are reported on a dis<span class=\"_ _0\"></span>counted ba<span class=\"_ _2b\"></span>sis, reflecting t<span class=\"_ _0\"></span>he timing of<span class=\"_ _0\"></span>\u00a0the </span></span></div>\n<div class=\"t m0 x1a h4f y99b ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>. IFRS 17 pe<span class=\"_ _2b\"></span>rmits an entity to pres<span class=\"_ _2b\"></span>ent the effects of ch<span class=\"_ _2b\"></span>anges</div>\n<div class=\"t m0 x1a h4f y99c ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in discou<span class=\"_ _0\"></span>nt rates and ot<span class=\"_ _2b\"></span>her financial vari<span class=\"_ _2b\"></span>ables either in the inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x1a h4f y99d ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt or partly<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsfa\">in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _2b\"></span>ement and part<span class=\"_ _0\"></span>ly in ot<span class=\"_ _0\"></span>her </span></div>\n<div class=\"t m0 x1a h4f y99e ff77 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">comprehensive in<span class=\"_ _2\"></span>come, depending on the entit<span class=\"_ _2\"></span>y\u2019s accounting policy</div>\n<div class=\"t m0 x1a h4f y99f ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">choice. A<span class=\"_ _0\"></span>geas int<span class=\"_ _0\"></span>ends to dis<span class=\"_ _0\"></span>aggregat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>the ef<span class=\"_ _0\"></span>fects of c<span class=\"_ _0\"></span>hanges i<span class=\"_ _0\"></span>n discount<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y9a0 ff77 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rates betw<span class=\"_ _2b\"></span>een the income stat<span class=\"_ _2b\"></span>ement and other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x1a h4f y9a1 ff77 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">for the l<span class=\"_ _0\"></span>argest p<span class=\"_ _2b\"></span>art of its insur<span class=\"_ _2b\"></span>ance portfoli<span class=\"_ _2b\"></span>os.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 330px; height: 776px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under the Ge<span class=\"_ _2\"></span>neral Measurement<span class=\"_ _2\"></span>\u00a0Model, disaggregation<span class=\"_ _2\"></span>\u00a0means</div>\n<div class=\"t m0 x7 h4f y803 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">presenting in<span class=\"_ _2\"></span>\u00a0the income statement an amount de<span class=\"_ _2\"></span>termined by a</div>\n<div class=\"t m0 x7 h4f y804 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">system<span class=\"_ _0\"></span>atic all<span class=\"_ _0\"></span>ocation <span class=\"_ _0\"></span>of the <span class=\"_ _0\"></span>expecte<span class=\"_ _0\"></span>d total f<span class=\"_ _0\"></span>inance i<span class=\"_ _2b\"></span>ncome <span class=\"wsf0\">or expen<span class=\"_ _0\"></span>ses </span></div>\n<div class=\"t m0 x7 h4f y805 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">over the d<span class=\"_ _2\"></span>uration of the gro<span class=\"_ _2\"></span>up of insurance<span class=\"_ _2\"></span>\u00a0contracts. On derecog<span class=\"_ _2\"></span>nition</div>\n<div class=\"t m0 x7 h4f y806 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the g<span class=\"_ _0\"></span>roup, am<span class=\"_ _0\"></span>ounts re<span class=\"_ _2b\"></span>maining in ot<span class=\"_ _0\"></span>her comp<span class=\"_ _0\"></span>rehens<span class=\"_ _0\"></span>ive inco<span class=\"_ _2b\"></span>me are</div>\n<div class=\"t m0 x7 h4f y807 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reclass<span class=\"_ _0\"></span>ified t<span class=\"_ _0\"></span>o the inc<span class=\"_ _2b\"></span>ome statement.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y808 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y809 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under the <span class=\"wsfa\">Variabl<span class=\"_ _2\"></span>e Fee Approach<span class=\"lse0 wsf0\">, only where the enti<span class=\"_ _0\"></span>ty holds the </span></span></div>\n<div class=\"t m0 x7 h4f y80a ff7c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">un<span class=\"lse2 ws103\">derlying items, dis<span class=\"_ _2\"></span>aggregation means presenting<span class=\"_ _2\"></span>\u00a0in the income </span></div>\n<div class=\"t m0 x7 h4f y80b ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt as insuranc<span class=\"_ _0\"></span>e financ<span class=\"_ _2b\"></span>e income or exp<span class=\"_ _0\"></span>enses a<span class=\"_ _0\"></span>n amoun<span class=\"_ _0\"></span>t that</div>\n<div class=\"t m0 x7 h4f y80c ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e accounting mism<span class=\"_ _2b\"></span>atches with the fin<span class=\"_ _2b\"></span>ance income or</div>\n<div class=\"t m0 x7 h4f y80d ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span>\u00a0arisi<span class=\"_ _0\"></span>ng on the <span class=\"_ _0\"></span>underly<span class=\"_ _0\"></span>ing ite<span class=\"_ _0\"></span>ms. On d<span class=\"_ _0\"></span>erecog<span class=\"_ _0\"></span>nition,<span class=\"_ _0\"></span>\u00a0the</div>\n<div class=\"t m0 x7 h4f y80e ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">a<span class=\"lse0 wsf0\">mounts prev<span class=\"_ _0\"></span>iously<span class=\"_ _0\"></span>\u00a0recognis<span class=\"_ _0\"></span>ed in other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _2b\"></span>ive income rem<span class=\"_ _0\"></span>ain </span></div>\n<div class=\"t m0 x7 h4f y80f ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">there.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y885 ff7e fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impact asse<span class=\"_ _2\"></span>ssment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y886 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The estim<span class=\"_ _2b\"></span>ated impact of the ado<span class=\"_ _0\"></span>ption of IF<span class=\"_ _0\"></span>RS 17 by the su<span class=\"_ _0\"></span>bsidiar<span class=\"_ _0\"></span>ies of</div>\n<div class=\"t m0 x7 h4f y8cf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas at th<span class=\"_ _0\"></span>e transi<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. 1 Janua<span class=\"_ _0\"></span>ry 2022) is c<span class=\"_ _0\"></span>larified <span class=\"wsfa\">i<span class=\"_ _2b\"></span>n section </span></div>\n<div class=\"t m0 x7 h4f y8d0 ff7c fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">D. <span class=\"lse2 wsf1\">below.<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y889 ff7c fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">D.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _1b8\">\u00a0</span><span class=\"lse0 wsf0\">Estimated i<span class=\"_ _0\"></span>mpact of<span class=\"_ _0\"></span>\u00a0the adoption<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 on<span class=\"_ _0\"></span>\u00a01 </span></span></div>\n<div class=\"t m0 x217 h4f y88a ff7c fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9a4 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">All subs<span class=\"_ _0\"></span>idiarie<span class=\"_ _2b\"></span>s of Ageas have m<span class=\"_ _2b\"></span>aterially fin<span class=\"_ _0\"></span>alised t<span class=\"_ _2b\"></span>heir opening <span class=\"_ _0\"></span>balance</div>\n<div class=\"t m0 x7 h4f y9a5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sheet un<span class=\"_ _0\"></span>der IFRS 9 <span class=\"lse2 wsf1\">and<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">IFRS 17 on 1 January 2022<span class=\"_ _2\"></span>\u00a0and perform </span></span></div>\n<div class=\"t m0 x7 h4f y9a6 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">parallel ru<span class=\"_ _2\"></span>ns for the annual<span class=\"_ _2\"></span>\u00a0reporting period 20<span class=\"_ _2\"></span>22<span class=\"ls102 ws115\">. While the<span class=\"_ _2\"></span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9a7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impleme<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n preparat<span class=\"_ _0\"></span>ions wit<span class=\"_ _0\"></span>hin the Asi<span class=\"_ _0\"></span>an and Turk<span class=\"_ _0\"></span>ish assoc<span class=\"_ _0\"></span>iates of</div>\n<div class=\"t m0 x7 h4f y9a8 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas st<span class=\"_ _0\"></span>arted l<span class=\"_ _0\"></span>ater (fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g local r<span class=\"_ _0\"></span>egulati<span class=\"_ _2b\"></span>on and guidel<span class=\"_ _0\"></span>ines), t<span class=\"_ _0\"></span>he most</div>\n<div class=\"t m0 x7 h4f y9a9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">signifi<span class=\"_ _0\"></span>cant assoc<span class=\"_ _2b\"></span>iates are progres<span class=\"_ _0\"></span>sing well t<span class=\"_ _0\"></span>o comply wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y9aa ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of 1 Janu<span class=\"_ _0\"></span>ary 2023.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9ab ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9ac ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"lse0 wsfa\">geas gave c<span class=\"_ _2b\"></span>areful conside<span class=\"_ _2b\"></span>ration to the d<span class=\"_ _2b\"></span>isclosure req<span class=\"_ _2b\"></span>uirements in I<span class=\"_ _0\"></span>AS </span></div>\n<div class=\"t m0 x7 h4f y9ad ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">8 \u2018Account<span class=\"_ _0\"></span>ing poli<span class=\"_ _0\"></span>cies, cha<span class=\"_ _2b\"></span>nges in accountin<span class=\"_ _0\"></span>g estimat<span class=\"_ _2b\"></span>es and errors\u2019 (to</div>\n<div class=\"t m0 x7 h4f y9ae ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>e known or reas<span class=\"_ _2b\"></span>onabl<span class=\"ls0 ws0\">y </span>estimable inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n relevant to asses<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y9af ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the poss<span class=\"_ _0\"></span>ible im<span class=\"_ _0\"></span>pact th<span class=\"_ _0\"></span>at the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _0\"></span>ion of <span class=\"wsf0\">a n<span class=\"_ _0\"></span>ew IFRS stan<span class=\"_ _0\"></span>dard will </span></div>\n<div class=\"t m0 x7 h4f y9b0 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have on the ent<span class=\"_ _0\"></span>ity\u2019s fi<span class=\"_ _0\"></span>nancial st<span class=\"_ _2b\"></span>atements in the peri<span class=\"_ _0\"></span>od of initi<span class=\"_ _2b\"></span>al</div>\n<div class=\"t m0 x7 h4f y9b1 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">application)<span class=\"_ _2\"></span>\u00a0and <span class=\"lsfc ws115\">to<span class=\"ls0 ws0\">\u00a0</span></span>the <span class=\"_ _2\"></span>ESMA Public Statemen<span class=\"_ _2\"></span>t on \u2018Transparen<span class=\"_ _2\"></span>cy on</div>\n<div class=\"t m0 x7 h4f y9b2 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">implementation<span class=\"_ _2\"></span>\u00a0of IFRS 17 insurance contracts\u2019<span class=\"_ _2\"></span>, considering the</div>\n<div class=\"t m0 x7 h4f y9b3 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impleme<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n status wit<span class=\"_ _2b\"></span>hin its subsidiari<span class=\"_ _2b\"></span>es and associates<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9b4 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9b5 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The paragraph<span class=\"_ _2\"></span>s below clarify the impact of the<span class=\"_ _2\"></span>\u00a0adoption of IFRS 9 &amp;</div>\n<div class=\"t m0 x7 h4f y9b6 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>by the s<span class=\"_ _0\"></span>ubsidia<span class=\"_ _0\"></span>ries of A<span class=\"_ _2b\"></span>geas at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date (<span class=\"_ _0\"></span>i.e. 1</div>\n<div class=\"t m0 x7 h4f y9b7 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2022)<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9b8 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9b9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Althoug<span class=\"_ _0\"></span>h Ageas ack<span class=\"_ _0\"></span>nowled<span class=\"_ _0\"></span>ges that pr<span class=\"_ _0\"></span>esenti<span class=\"_ _0\"></span>ng quantit<span class=\"_ _2b\"></span>ative informati<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x7 h4f y9ba ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">on its sub<span class=\"_ _2\"></span>sidiaries only pr<span class=\"_ _2\"></span>ovides a partial <span class=\"_ _2\"></span>view of the estima<span class=\"_ _2\"></span>ted</div>\n<div class=\"t m0 x7 h4f y9bb ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated i<span class=\"_ _0\"></span>mpact of <span class=\"_ _0\"></span>adoptin<span class=\"_ _2b\"></span>g IFRS 9 &amp; IFRS <span class=\"_ _0\"></span>17, it c<span class=\"_ _0\"></span>onclude<span class=\"_ _0\"></span>d that</div>\n<div class=\"t m0 x7 h4f y8d4 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span>ing qua<span class=\"_ _0\"></span>ntitati<span class=\"_ _0\"></span>ve infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n on the i<span class=\"_ _0\"></span>mpleme<span class=\"_ _0\"></span>ntation<span class=\"_ _0\"></span>\u00a0of IFRS 9 <span class=\"_ _0\"></span>&amp;</div>\n<div class=\"t m0 x7 h4f y8d5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 by its as<span class=\"_ _0\"></span>sociat<span class=\"_ _0\"></span>es would cu<span class=\"_ _0\"></span>rrently<span class=\"_ _0\"></span>\u00a0not be in line wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x7 h4f y8d6 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ure requi<span class=\"_ _0\"></span>rements i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>IAS 8. A<span class=\"_ _2b\"></span>geas intends to pre<span class=\"_ _0\"></span>sent the im<span class=\"_ _2b\"></span>pact of</div>\n<div class=\"t m0 x7 h4f y8d7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adoptin<span class=\"_ _0\"></span>g IFRS 9 &amp; IFRS 17 at<span class=\"_ _0\"></span>\u00a0the tran<span class=\"_ _0\"></span>sition dat<span class=\"_ _0\"></span>e by both its sub<span class=\"_ _0\"></span>sidiari<span class=\"_ _2b\"></span>es</div>\n<div class=\"t m0 x1a h4f y8d8 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and its ass<span class=\"_ _0\"></span>ociates du<span class=\"_ _0\"></span>ring a sepa<span class=\"_ _0\"></span>rate inves<span class=\"_ _0\"></span>tor relat<span class=\"_ _2b\"></span>ions presentat<span class=\"_ _0\"></span>ion mid<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y8d9 ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2023. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9bc ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9bd ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas does also<span class=\"_ _2\"></span>\u00a0not present estimates of the im<span class=\"_ _2\"></span>pacts on 30 June 2022</div>\n<div class=\"t m0 x1a h4f y9be ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or on 31 Decem<span class=\"_ _2b\"></span>ber 2022, as these est<span class=\"_ _0\"></span>imates ar<span class=\"_ _0\"></span>e currentl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>not y<span class=\"_ _0\"></span>et</div>\n<div class=\"t m0 x1a h4f y9bf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reason<span class=\"_ _0\"></span>ably relia<span class=\"_ _0\"></span>ble or know<span class=\"_ _0\"></span>n. The impac<span class=\"_ _0\"></span>ts on the cons<span class=\"_ _2b\"></span>olidated</div>\n<div class=\"t m0 x1a h4f y9c0 ff7c fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">state<span class=\"lse2 wsfa\">ment of fina<span class=\"_ _2\"></span>ncial position and<span class=\"_ _2\"></span>\u00a0on the consolidat<span class=\"_ _2\"></span>ed income </span></div>\n<div class=\"t m0 x1a h4f y9c1 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt at those dates wil<span class=\"_ _0\"></span>l be presente<span class=\"_ _0\"></span>d in the <span class=\"ls0 ws0\">i</span><span class=\"wsef\">nterim <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial </span></span></span></div>\n<div class=\"t m0 x1a h4f y97e ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsf0\">tatements or t<span class=\"_ _0\"></span>he <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolidat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"ls0 ws0\">f</span>inanc<span class=\"_ _2b\"></span>ial <span class=\"ls0 ws0\">s<span class=\"_ _2\"></span></span><span class=\"wsf0\">tate<span class=\"_ _0\"></span>ments of 20<span class=\"_ _2b\"></span>23.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y97f ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y980 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Compared to the am<span class=\"_ _2\"></span>ounts recognised in the con<span class=\"_ _2\"></span>solidated statement of</div>\n<div class=\"t m0 x1a h4f y981 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">financial p<span class=\"_ _2\"></span>osition of Ageas on<span class=\"_ _2\"></span>\u00a01 January 2022 a<span class=\"_ _2\"></span>pplying the standar<span class=\"_ _2\"></span>ds</div>\n<div class=\"t m0 x1a h4f y982 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 39 &amp; IFRS 4,<span class=\"_ _0\"></span>\u00a0the adopt<span class=\"_ _0\"></span>ion of IFRS 9 &amp; IFR<span class=\"_ _2b\"></span>S 17 within the</div>\n<div class=\"t m0 x1a h4f y983 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiaries <span class=\"_ _2\"></span>of Ageas resulted<span class=\"_ _2\"></span>\u00a0in:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y984 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse2 wsf1\">An<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsf0\">increas<span class=\"_ _2b\"></span>e in the total assets;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f y9c2 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse0 wsf0\">An increase in the tot<span class=\"_ _2b\"></span>al liabilities; an<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9c3 ff7f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff80\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff7c lse2 wsfa\">A<span class=\"_ _2\"></span>\u00a0decrease</span><span class=\"ff7c\">\u00a0<span class=\"lsfc ws121\">in<span class=\"_ _2\"></span>\u00a0to<span class=\"lse2 ws103\">tal equity.</span></span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9c4 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9c5 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The main <span class=\"_ _0\"></span>impacts<span class=\"_ _0\"></span>\u00a0of the a<span class=\"_ _0\"></span>doption <span class=\"_ _0\"></span>of IFR<span class=\"_ _0\"></span>S 9 &amp; IFRS <span class=\"_ _2b\"></span>17 on the</div>\n<div class=\"t m0 x1a h4f y9c6 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidated s<span class=\"_ _2\"></span>tatement of financial po<span class=\"_ _2\"></span>sition of Ageas on 1 January 2022<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x1a h4f y9c7 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(also ref<span class=\"_ _2b\"></span>erred to as <span class=\"ls0 ws0\">\u2018</span><span class=\"wsf0\">open<span class=\"_ _0\"></span>ing balanc<span class=\"_ _2b\"></span>e sheet<span class=\"ls0 ws0\">\u2019<span class=\"lse2 ws103\">) are fur<span class=\"_ _2\"></span>ther clarified below.</span>\u00a0</span></span></div>\n<div class=\"t m0 x1a h55 y98b ff7e fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>ed impact on assets<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y98c ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The incre<span class=\"lse0 wsf0\">ase in total ass<span class=\"_ _0\"></span>ets mainl<span class=\"_ _0\"></span>y relates<span class=\"_ _0\"></span>\u00a0to the appli<span class=\"_ _0\"></span>cation of the </span></div>\n<div class=\"t m0 x1a h4f y98d ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _2b\"></span>RS 9 on classificati<span class=\"_ _2b\"></span>on &amp; measurement<span class=\"_ _0\"></span>. Compar<span class=\"_ _0\"></span>ed to</div>\n<div class=\"t m0 x1a h4f y98e ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IAS 39, a lar<span class=\"_ _0\"></span>ger part of <span class=\"lse2 wsf1\">Ageas's </span>invest<span class=\"_ _0\"></span>ments in fi<span class=\"_ _0\"></span>nancial i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y98f ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r value u<span class=\"_ _0\"></span>nder IFR<span class=\"_ _2b\"></span>S 9.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y990 ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y991 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under IA<span class=\"_ _2b\"></span>S 39, Ageas cla<span class=\"_ _0\"></span>ssified<span class=\"_ _2b\"></span>\u00a0a part of its inv<span class=\"_ _2b\"></span>estments in de<span class=\"_ _0\"></span>bt</div>\n<div class=\"t m0 x1a h4f y992 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span>\u00a0as \u2018held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>maturity\u2019 or \u2018<span class=\"_ _2\"></span>loans and receivables<span class=\"_ _2\"></span>\u2019 and</div>\n<div class=\"t m0 x1a h4f y993 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consequ<span class=\"_ _2b\"></span>ently measured th<span class=\"_ _0\"></span>ose invest<span class=\"_ _2b\"></span>ments at amortise<span class=\"_ _0\"></span>d cost. Foll<span class=\"_ _2b\"></span>owing</div>\n<div class=\"t m0 x1a h4f y994 ff7c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the outcome of<span class=\"_ _2\"></span>\u00a0the<span class=\"ls0 ws0\">\u00a0</span>business model asse<span class=\"_ _2\"></span>ssment under IFRS 9, <span class=\"wsf1\">and </span></div>\n<div class=\"t m0 x1a h4f y995 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">because t<span class=\"_ _2b\"></span>hose instrum<span class=\"_ _0\"></span>ents pas<span class=\"_ _0\"></span>s the \u2018<span class=\"_ _0\"></span>solely pa<span class=\"_ _0\"></span>yments <span class=\"_ _2b\"></span>of principal a<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x1a h4f y996 ff7c fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">interest\u2019 test, <span class=\"lse2 wsfa\">a large <span class=\"_ _2\"></span>part of these inv<span class=\"_ _2\"></span>estments <span class=\"ls106 ws124\">is</span></span><span class=\"ls0\">\u00a0<span class=\"lse2 ws103\">measured<span class=\"_ _2\"></span>\u00a0at fair value </span></span></div>\n<div class=\"t m0 x1a h4f y997 ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through o<span class=\"_ _2\"></span>ther comprehensive inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\">\u00a0</span>under IFRS 9<span class=\"lse0 wsf0\">. At the transition<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9c8 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date, the c<span class=\"_ _0\"></span>umulativ<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>unr<span class=\"_ _2b\"></span>ealised gain or loss s<span class=\"_ _0\"></span>ince the i<span class=\"_ _0\"></span>nitial rec<span class=\"_ _2b\"></span>ognition</div>\n<div class=\"t m0 x1a h4f y9c9 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of thos<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ments <span class=\"lse2 wsfa\">has been<span class=\"ls0 ws0\">\u00a0</span>recognise<span class=\"_ _2\"></span>d in other comprehen<span class=\"_ _2\"></span>sive </span></div>\n<div class=\"t m0 x1a h4f y9ca ff7c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">income.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9cb ff7c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9cc ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A part of <span class=\"lse2 wsf1\">Ageas's </span>investme<span class=\"_ _0\"></span>nts in debt<span class=\"_ _0\"></span>\u00a0instrume<span class=\"_ _0\"></span>nts, mainl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in</div>\n<div class=\"t m0 x1a h4f y9cd ff7c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unquoted inv<span class=\"_ _2\"></span>estment funds or <span class=\"_ _2\"></span><span class=\"ws103\">exchange traded funds, do no<span class=\"_ _2\"></span>t pass the </span></div>\n<div class=\"t m0 x1a h4f y9ce ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">\u2018solely<span class=\"_ _0\"></span>\u00a0payments<span class=\"_ _2b\"></span>\u00a0of principal a<span class=\"_ _2b\"></span>nd interest\u2019 te<span class=\"_ _0\"></span>st unde<span class=\"_ _0\"></span>r IFRS 9.<span class=\"_ _0\"></span>\u00a0At the</div>\n<div class=\"t m0 x1a h4f y9cf ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on date, Ageas <span class=\"lse2 wsf1\">has<span class=\"ls0 ws0\">\u00a0</span></span><span class=\"wsfa\">mandat<span class=\"_ _0\"></span>orily rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span><span class=\"lse2 wsf1\">ied<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">and measure</span>d <span class=\"lse0 wsef\">those </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y9d0 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents at fair val<span class=\"_ _2b\"></span>ue through prof<span class=\"_ _2b\"></span>it or loss, whi<span class=\"_ _2b\"></span>le those invest<span class=\"_ _2b\"></span>ments</div>\n<div class=\"t m0 x1a h4f y9d1 ff7c fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">we<span class=\"lse0 wsfa\">re me<span class=\"_ _0\"></span>asured at<span class=\"_ _0\"></span>\u00a0amortis<span class=\"_ _2b\"></span>ed cost or at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh other </span></div>\n<div class=\"t m0 x1a h4f y9d2 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income und<span class=\"_ _0\"></span>er IAS 39.<span class=\"_ _0\"></span>\u00a0Furthermo<span class=\"_ _2b\"></span>re, Ageas designat<span class=\"_ _2b\"></span>ed at</div>\n<div class=\"t m0 x1a h4f y9d3 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the transit<span class=\"_ _2b\"></span>ion date some inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span>s in debt inst<span class=\"_ _2b\"></span>ruments, that cov<span class=\"_ _2b\"></span>er</div>\n<div class=\"t m0 x1a h4f y9d4 ff7c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked cont<span class=\"_ _0\"></span>racts,<span class=\"_ _0\"></span>\u00a0as measu<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh p<span class=\"wsf0\">rofit<span class=\"_ _0\"></span>\u00a0or loss, </span></span></span></div>\n<div class=\"t m0 x1a h4f y9d5 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because s<span class=\"_ _0\"></span>uch design<span class=\"_ _2b\"></span>ation reduces mea<span class=\"_ _2b\"></span>surement incons<span class=\"_ _2b\"></span>istencies or</div>\n<div class=\"t m0 x1a h4f y9d6 ff7c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mism<span class=\"_ _2b\"></span>atches with t<span class=\"_ _0\"></span>he measu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span>\u00a0the co<span class=\"_ _2b\"></span>rresponding</div>\n<div class=\"t m0 x1a h4f y9d7 ff7c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce or invest<span class=\"_ _2b\"></span>ment contract lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of the \u2018expected cr<span class=\"_ _0\"></span>e<span class=\"ls106 ws10c\">dit loss\u2019 m<span class=\"_ _0\"></span>odel <span class=\"lse0 wsfa\">in IFR<span class=\"_ _0\"></span>S 9 <span class=\"lse2 wsf1\">resulted<span class=\"lsf4 ws114\">, at </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the tra<span class=\"_ _0\"></span>nsition d<span class=\"_ _2b\"></span>ate, in the rec<span class=\"_ _0\"></span>ognitio<span class=\"_ _2b\"></span>n of a loss allo<span class=\"_ _0\"></span>wance f<span class=\"_ _0\"></span>or expect<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f y804 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit losses on<span class=\"_ _2\"></span>\u00a0<span class=\"wsf1\">Ageas's <span class=\"lse0 wsfa\">investm<span class=\"_ _0\"></span>ents in d<span class=\"_ _0\"></span>ebt inst<span class=\"_ _0\"></span>ruments<span class=\"_ _0\"></span>\u00a0that is </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">marginally h<span class=\"_ _2\"></span>igher<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">than the amou<span class=\"_ _2b\"></span>nt of impairments<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">that Agea<span class=\"_ _2\"></span>s</span>\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised u<span class=\"_ _2\"></span>nder IA<span class=\"ws103\">S 39 for the<span class=\"ls0 ws0\">\u00a0<span class=\"_ _2\"></span></span></span><span class=\"lsfb\">same<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">instrume<span class=\"_ _0\"></span>nts. Th<span class=\"_ _0\"></span>is follow<span class=\"_ _0\"></span>s from t<span class=\"_ _2b\"></span>he </span></span></div>\n<div class=\"t m0 x7 h4f y807 ff81 fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">fact that the majority of <span class=\"lse2 wsf1\">Ageas's <span class=\"lse0 wsf0\">investments i<span class=\"_ _0\"></span>n debt instr<span class=\"_ _0\"></span>uments ar<span class=\"_ _0\"></span>e </span></span></div>\n<div class=\"t m0 x7 h4f y808 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">\u2018invest<span class=\"_ _0\"></span>ment gra<span class=\"_ _0\"></span>de\u2019 (i.e. ha<span class=\"_ _0\"></span>ving a credit<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>risk<span class=\"_ _0\"></span>\u00a0rating of Baa<span class=\"_ _2b\"></span>3 or BBB<span class=\"ls0 ws0\">- <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">or </span></span></div>\n<div class=\"t m0 x7 h4f y809 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">above) an<span class=\"_ _0\"></span>d are conseq<span class=\"_ _2b\"></span>uently not chara<span class=\"_ _0\"></span>cteris<span class=\"_ _0\"></span>ed by a <span class=\"wsfa\">signif<span class=\"_ _0\"></span>icant i<span class=\"_ _0\"></span>ncrease </span></div>\n<div class=\"t m0 x7 h4f y80a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in credit ri<span class=\"_ _0\"></span>sk since the<span class=\"_ _0\"></span>ir initial<span class=\"_ _0\"></span>\u00a0recogni<span class=\"_ _0\"></span>tion date (i<span class=\"_ _0\"></span>.e. class<span class=\"_ _2b\"></span>ified in Stage 1).</div>\n<div class=\"t m0 x7 h4f y80b ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For those i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nts, Ageas recogn<span class=\"_ _0\"></span>ise<span class=\"ls0 ws0\">s </span><span class=\"wsfa\">a loss al<span class=\"_ _0\"></span>lowance f<span class=\"_ _2b\"></span>or expected </span></div>\n<div class=\"t m0 x7 h4f y80c ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit losses a<span class=\"_ _2\"></span>t an amount equal to 12<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">month expect<span class=\"_ _0\"></span>ed credit los<span class=\"_ _0\"></span>ses.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x7 h4f y80d ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y80e ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under IAS 39<span class=\"_ _2\"></span>,<span class=\"ls0 ws0\">\u00a0</span><span class=\"ws103\">Ageas classifie<span class=\"_ _2\"></span>d the largest part of its investme<span class=\"_ _2\"></span>nts in </span></div>\n<div class=\"t m0 x7 h4f y80f ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity ins<span class=\"_ _2b\"></span>truments as \u2018avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">for</span>-<span class=\"lse2 ws103\">sale\u2019 and consequen<span class=\"_ _2\"></span>tly measured </span></span></div>\n<div class=\"t m0 x7 h4f y810 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">those i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throug<span class=\"_ _0\"></span>h other c<span class=\"_ _2b\"></span>omprehensive i<span class=\"_ _0\"></span>ncome.</div>\n<div class=\"t m0 x7 h4f y90a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Adoptin<span class=\"_ _0\"></span>g IFRS 9, Age<span class=\"_ _2b\"></span>as decided to conti<span class=\"_ _2b\"></span>nue to measure the l<span class=\"_ _0\"></span>argest part<span class=\"_ _0\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y90b ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of its inv<span class=\"_ _2b\"></span>estments in eq<span class=\"_ _2b\"></span>uity instrume<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh other</div>\n<div class=\"t m0 x7 h4f y90c ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income, by a<span class=\"_ _0\"></span>pplying t<span class=\"_ _0\"></span>he irrevoc<span class=\"_ _2b\"></span>able election in IFR<span class=\"_ _0\"></span>S 9 to</div>\n<div class=\"t m0 x7 h4f y90d ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">present subseque<span class=\"_ _2\"></span>nt change<span class=\"ls0 ws0\">s <span class=\"lse0 wsfa\">in the fair val<span class=\"_ _2b\"></span>ue of those inv<span class=\"_ _0\"></span>estments<span class=\"_ _0\"></span>\u00a0in </span></span></div>\n<div class=\"t m0 x7 h4f y90e ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equity in<span class=\"_ _2\"></span>struments in other<span class=\"_ _2\"></span>\u00a0comprehen<span class=\"lse0 wsf0\">sive incom<span class=\"_ _2b\"></span>e. <span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y90f ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y910 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As invest<span class=\"_ _0\"></span>ments in eq<span class=\"_ _0\"></span>uity instr<span class=\"_ _2b\"></span>uments are out of scop<span class=\"_ _0\"></span>e of the \u2018expe<span class=\"_ _2b\"></span>cted</div>\n<div class=\"t m0 x7 h4f y911 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit loss mod<span class=\"_ _2\"></span>el\u2019<span class=\"ls0 ws0\">\u00a0<span class=\"ls105 ws12a\">in IFRS 9<span class=\"_ _2\"></span></span></span>, and the requirements in IFRS<span class=\"_ _2\"></span>\u00a09 are to be</div>\n<div class=\"t m0 x7 h4f y912 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applie<span class=\"_ _0\"></span>d retrosp<span class=\"_ _0\"></span>ectivel<span class=\"_ _2b\"></span>y, the main tra<span class=\"_ _0\"></span>nsitio<span class=\"_ _0\"></span>n impact<span class=\"_ _0\"></span>\u00a0relate<span class=\"_ _0\"></span>s to the</div>\n<div class=\"t m0 x7 h4f y913 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">derecognition<span class=\"_ _2\"></span>\u00a0of the impairments<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">that Ageas recog<span class=\"_ _0\"></span>nised on thos<span class=\"_ _2b\"></span>e </span></span></div>\n<div class=\"t m0 x7 h4f y914 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents under IAS 39. <span class=\"lse2 ws103\">At the transition date, th<span class=\"_ _2\"></span>is had a positive </span></div>\n<div class=\"t m0 x7 h4f y915 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact on tot<span class=\"_ _2b\"></span>al equity<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">(EUR 0.3 bil<span class=\"_ _2\"></span>lion).</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f y916 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y917 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Under IAS 39, pol<span class=\"_ _2\"></span>icyholder loans were recogn<span class=\"_ _2\"></span>ised as financial assets.<span class=\"_ _2\"></span>\u00a0In</div>\n<div class=\"t m0 x7 h4f y918 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">line with th<span class=\"_ _0\"></span>e requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _0\"></span>RS 17,<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">Ageas included the poli<span class=\"_ _2\"></span>cyholder </span></span></div>\n<div class=\"t m0 x7 h4f y919 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loans in t<span class=\"_ _2b\"></span>he measurem<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _2b\"></span>ract liabili<span class=\"_ _0\"></span>ties at t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y91a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on date.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91b ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y91c ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 17 result<span class=\"_ _0\"></span>ed in the dere<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of any am<span class=\"_ _0\"></span>ounts</div>\n<div class=\"t m0 x7 h4f y91d ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that wer<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nised u<span class=\"_ _0\"></span>nder IFR<span class=\"_ _2b\"></span>S 4 for deferre<span class=\"_ _0\"></span>d <span class=\"lse1 ws11d\">acquisition costs (DAC) </span></div>\n<div class=\"t m0 x7 h4f y91e ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and value of<span class=\"_ _0\"></span>\u00a0business<span class=\"_ _0\"></span>\u00a0acquir<span class=\"_ _0\"></span>ed (VOBA<span class=\"_ _0\"></span>):<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y91f ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsf0\">The amounts relat<span class=\"_ _2b\"></span>ing to DAC (EUR 0.4 <span class=\"lse2 wsfa\">billion) have be<span class=\"_ _2\"></span>en </span></span></span></div>\n<div class=\"t m0 x43 h4f y920 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised at t<span class=\"_ _2b\"></span>he transitio<span class=\"_ _0\"></span>n date t<span class=\"_ _0\"></span>o IFRS <span class=\"_ _0\"></span>17, reflec<span class=\"_ _0\"></span>ting t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x43 h4f y921 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing policy<span class=\"_ _0\"></span>\u00a0choice of<span class=\"_ _0\"></span>\u00a0Ageas to ex<span class=\"_ _0\"></span>pense insu<span class=\"_ _2b\"></span>rance acquisiti<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x43 h4f y922 ff81 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">costs a<span class=\"lse0 wsf0\">s incurred i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-</span>life busin<span class=\"_ _2b\"></span>ess measured appl<span class=\"_ _2b\"></span>ying the </span></div>\n<div class=\"t m0 x43 h4f y923 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">P<span class=\"lse2 wsfa\">remium A<span class=\"_ _2\"></span>llocation Approach</span>;<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y924 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsf0\">The amounts relat<span class=\"_ _2b\"></span>ing to VOBA (EUR 0.0 bil<span class=\"_ _2b\"></span>lion) have been </span></span></div>\n<div class=\"t m0 x43 h4f y925 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised bec<span class=\"_ _2b\"></span>ause they are inclu<span class=\"_ _0\"></span>ded in the mea<span class=\"_ _0\"></span>sureme<span class=\"_ _2b\"></span>nt of the<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x43 h4f y926 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance c<span class=\"_ _2\"></span>ontract liabilities <span class=\"_ _2\"></span>under IFRS 17.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h55 y973 ff85 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">E<span class=\"lse0 wsf0\">stimated im<span class=\"_ _0\"></span>pact on liab<span class=\"_ _2b\"></span>ilities<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y974 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The adopti<span class=\"_ _2b\"></span>on of IFRS 9 did not resu<span class=\"_ _0\"></span>lt in any recl<span class=\"_ _2b\"></span>assification of <span class=\"lse2 wsf1\">Ageas's </span></div>\n<div class=\"t m0 x7 h4f y975 ff81 fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">financial<span class=\"_ _2\"></span>\u00a0liabilities.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y976 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9da ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The increa<span class=\"_ _2b\"></span>se in total liabilit<span class=\"_ _2b\"></span>ies mainly relate<span class=\"_ _0\"></span>s to the reme<span class=\"_ _2b\"></span>asurement of</div>\n<div class=\"t m0 x7 h4f y9db ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts, rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e contra<span class=\"_ _0\"></span>cts and inve<span class=\"_ _2b\"></span>stme<span class=\"lse1 ws104\">nt contracts </span></div>\n<div class=\"t m0 x7 h4f y9dc ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with disc<span class=\"_ _0\"></span>retion<span class=\"_ _0\"></span>ary partic<span class=\"_ _0\"></span>ipatio<span class=\"_ _0\"></span>n featur<span class=\"_ _0\"></span>es, applyi<span class=\"_ _0\"></span>ng the curr<span class=\"_ _0\"></span>ent value</div>\n<div class=\"t m0 x7 h4f y9dd ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mode<span class=\"_ _0\"></span>l requirem<span class=\"_ _0\"></span>ents in IFR<span class=\"_ _2b\"></span>S 17.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y9de ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y9df ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">At the <span class=\"_ _2\"></span>transition date, Agea<span class=\"_ _2\"></span>s identified, rec<span class=\"_ _2\"></span>ognised and measured<span class=\"_ _2\"></span>\u00a0each</div>\n<div class=\"t m0 x7 h4f y9e0 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">group of insuran<span class=\"_ _2\"></span>ce contracts, reinsurance con<span class=\"_ _2\"></span>tracts and inv<span class=\"lse0 wsef\">estment </span></div>\n<div class=\"t m0 x7 h4f y9e1 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h discret<span class=\"_ _0\"></span>ionary p<span class=\"_ _0\"></span>artici<span class=\"_ _0\"></span>pation fe<span class=\"_ _0\"></span>atures ret<span class=\"_ _0\"></span>rospect<span class=\"_ _2b\"></span>ively (also</div>\n<div class=\"t m0 x7 h4f y9e2 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">referre<span class=\"_ _0\"></span>d to as the \u2018ful<span class=\"_ _0\"></span>l retros<span class=\"_ _0\"></span>pective a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h\u2019), as if the r<span class=\"_ _0\"></span>equirem<span class=\"_ _0\"></span>ents of</div>\n<div class=\"t m0 x1a h4f y9e3 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">IFRS 17 <span class=\"_ _0\"></span>applied t<span class=\"_ _2b\"></span>o those groups<span class=\"_ _0\"></span>\u00a0of cont<span class=\"_ _0\"></span>racts si<span class=\"_ _2b\"></span>nce their initi<span class=\"_ _2b\"></span>al</div>\n<div class=\"t m0 x1a h4f y9e4 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>. This includes the <span class=\"_ _2\"></span>i<span class=\"ws103\">dentification, measurem<span class=\"_ _2\"></span>ent and </span></div>\n<div class=\"t m0 x1a h4f y9e5 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>\u00a0of any (asset for)<span class=\"_ _2\"></span>\u00a0insurance acquisi<span class=\"_ _2\"></span>tion cash flows.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9e6 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9e7 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In some sit<span class=\"_ _0\"></span>uations<span class=\"_ _0\"></span>, Ageas was<span class=\"_ _0\"></span>\u00a0not able to me<span class=\"_ _0\"></span>asure a gro<span class=\"_ _0\"></span>up of insura<span class=\"_ _2b\"></span>nce</div>\n<div class=\"t m0 x1a h4f y9e8 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s at the transi<span class=\"_ _0\"></span>tion dat<span class=\"_ _2b\"></span>e applying the f<span class=\"_ _2b\"></span>ull retrospect<span class=\"_ _0\"></span>ive app<span class=\"_ _0\"></span>roach.</div>\n<div class=\"t m0 x1a h4f y9e9 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This was the <span class=\"lse0 wsf0\">case whereas:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f y9ea ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsf0\">inform<span class=\"_ _2b\"></span>ation in the existi<span class=\"_ _0\"></span>ng reporti<span class=\"_ _0\"></span>ng system<span class=\"_ _0\"></span>s of Ageas abo<span class=\"_ _2b\"></span>ut </span></span></span></div>\n<div class=\"t m0 x6c h4f y9eb ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">histori<span class=\"_ _0\"></span>cal cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>\u00a0was base<span class=\"_ _2b\"></span>d on assumptions<span class=\"_ _2b\"></span>\u00a0that were</div>\n<div class=\"t m0 x6c h4f y9ec ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ed using hi<span class=\"_ _0\"></span>ndsight<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9ed ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsfa\">Some reasonab<span class=\"_ _2b\"></span>le and support<span class=\"_ _0\"></span>able inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n about historic<span class=\"_ _2b\"></span>al cash </span></span></div>\n<div class=\"t m0 x6c h4f y9ee ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows was<span class=\"_ _0\"></span>\u00a0not availab<span class=\"_ _2b\"></span>le in <span class=\"lse2 ws103\">the e<span class=\"_ _2\"></span>xisting reporting systems<span class=\"_ _2\"></span>\u00a0of Ageas, </span></div>\n<div class=\"t m0 x6c h4f y9ef ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or only avai<span class=\"_ _0\"></span>lable at<span class=\"_ _0\"></span>\u00a0a higher or at diff<span class=\"_ _2b\"></span>erent levels of agg<span class=\"_ _0\"></span>regati<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x6c h4f y9f0 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">than the re<span class=\"_ _0\"></span>quireme<span class=\"_ _2b\"></span>nt on grouping of cont<span class=\"_ _0\"></span>racts un<span class=\"_ _0\"></span>der IFRS 17;<span class=\"_ _0\"></span>\u00a0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9f1 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse0 wsfa\">The informati<span class=\"_ _0\"></span>on in the<span class=\"_ _0\"></span>\u00a0existi<span class=\"_ _0\"></span>ng repo<span class=\"_ _0\"></span>rting syst<span class=\"_ _2b\"></span>ems did not per<span class=\"_ _2b\"></span>mit </span></span></div>\n<div class=\"t m0 x6c h4f y9f2 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas to ap<span class=\"_ _2\"></span>propriate<span class=\"lse0\">ly estimat<span class=\"_ _2b\"></span>e the moveme<span class=\"_ _0\"></span>nt of the <span class=\"lse2 wsf1\">c<span class=\"_ _0\"></span>ontractual </span></span></div>\n<div class=\"t m0 x6c h4f y9f3 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">service margi<span class=\"_ _2\"></span>n<span class=\"ls0 ws0\">\u00a0</span><span class=\"lse0\">before t<span class=\"_ _2b\"></span>he transitio<span class=\"_ _0\"></span>n date. T<span class=\"_ _2b\"></span>hese movements<span class=\"_ _0\"></span>\u00a0had a<span class=\"wsef\">n </span></span></div>\n<div class=\"t m0 x6c h4f y9f4 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact on th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>ntractua<span class=\"_ _0\"></span>l service m<span class=\"_ _0\"></span>argin<span class=\"ls0 ws0\">\u00a0<span class=\"lsf4 ws10c\">at </span></span><span class=\"wsef\">the <span class=\"lse2 ws103\">transition date<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9f5 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9f6 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In these ins<span class=\"_ _0\"></span>tances,<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>those g<span class=\"_ _0\"></span>roups of in<span class=\"_ _0\"></span>surance c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s were meas<span class=\"_ _2b\"></span>ured</div>\n<div class=\"t m0 x1a h4f y9f7 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the tr<span class=\"_ _2b\"></span>ansition date <span class=\"lse2\">applying the \u2018modified<span class=\"_ _2\"></span>\u00a0retrospective approach\u2019<span class=\"_ _2\"></span>\u00a0or </span></div>\n<div class=\"t m0 x1a h4f y9f8 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applying the<span class=\"_ _2\"></span>\u00a0\u2018fair value approach\u2019 (see bel<span class=\"_ _2\"></span>ow). The objective of tho<span class=\"_ _2\"></span>se</div>\n<div class=\"t m0 x1a h4f y9f9 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">alternative tran<span class=\"_ _2\"></span>sition measurement approa<span class=\"_ _2\"></span>c<span class=\"lse0 wsfa\">h<span class=\"_ _0\"></span>es is to ac<span class=\"_ _2b\"></span>hieve the clos<span class=\"_ _2b\"></span>est </span></div>\n<div class=\"t m0 x1a h4f y9fa ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outcom<span class=\"_ _0\"></span>e possibl<span class=\"_ _2b\"></span>e to the full r<span class=\"_ _0\"></span>etrospec<span class=\"_ _0\"></span>tive ap<span class=\"_ _2b\"></span>proach, using r<span class=\"_ _0\"></span>easona<span class=\"_ _0\"></span>ble</div>\n<div class=\"t m0 x1a h4f y9fb ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and suppo<span class=\"_ _0\"></span>rtable inf<span class=\"_ _2b\"></span>ormation that is av<span class=\"_ _0\"></span>ailable<span class=\"_ _0\"></span>\u00a0without un<span class=\"_ _0\"></span>due cost or ef<span class=\"_ _0\"></span>fort</div>\n<div class=\"t m0 x1a h4f y9fc ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the tr<span class=\"_ _2b\"></span>ansition date.<span class=\"_ _0\"></span>\u00a0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f y9fd ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f y9fe ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For group<span class=\"_ _0\"></span>s of insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts in its <span class=\"ls0 ws0\">N<span class=\"lse2 wsf1\">on</span>-<span class=\"ls102 ws129\">life busin<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">ess, Ageas applied<span class=\"_ _2\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f y9ff ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the full retro<span class=\"_ _2\"></span>spective approach to measure<span class=\"_ _2\"></span>\u00a0the liability for remaining</div>\n<div class=\"t m0 x1a h4f ya00 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coverag<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>thos<span class=\"_ _2b\"></span>e groups of insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>acts. The li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span>\u00a0for</div>\n<div class=\"t m0 x1a h4f ya01 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d claims of t<span class=\"_ _0\"></span>hose grou<span class=\"_ _0\"></span>ps of insur<span class=\"_ _2b\"></span>ance contracts h<span class=\"_ _0\"></span>as been</div>\n<div class=\"t m0 x1a h4f ya02 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measured appl<span class=\"_ _2\"></span>ying the full re<span class=\"_ _2\"></span>trospe<span class=\"lse0\">ctive <span class=\"_ _0\"></span>approa<span class=\"_ _0\"></span>ch for th<span class=\"_ _0\"></span>e most r<span class=\"_ _0\"></span>ecent </span></div>\n<div class=\"t m0 x1a h4f ya03 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">accident years and a<span class=\"_ _2\"></span>pplying the modified re<span class=\"_ _2\"></span>trospective approach for</div>\n<div class=\"t m0 x1a h4f ya04 ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">claims pri<span class=\"_ _2\"></span>or to 2016.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya05 ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya06 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For group<span class=\"_ _0\"></span>s of insuran<span class=\"_ _0\"></span>ce contr<span class=\"_ _0\"></span>acts in its Lif<span class=\"_ _0\"></span>e busines<span class=\"_ _0\"></span>s, Ageas<span class=\"_ _0\"></span>\u00a0applied th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f ya07 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing transit<span class=\"_ _2b\"></span>ion measurement<span class=\"_ _0\"></span>\u00a0approac<span class=\"_ _0\"></span>hes:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya08 ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">Gr<span class=\"_ _2\"></span>oups <span class=\"lsf4 ws114\">of L<span class=\"lse0 wsfa\">ife insura<span class=\"_ _2b\"></span>nce contracts<span class=\"_ _0\"></span>\u00a0that we<span class=\"_ _0\"></span>re issue<span class=\"_ _0\"></span>d in 20<span class=\"_ _0\"></span>18 or lat<span class=\"_ _0\"></span>er </span></span></span></span></div>\n<div class=\"t m0 x6c h4f ya09 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have gene<span class=\"_ _0\"></span>rally bee<span class=\"_ _0\"></span>n measure<span class=\"_ _2b\"></span>d applying the full ret<span class=\"_ _0\"></span>rospec<span class=\"_ _0\"></span>tive</div>\n<div class=\"t m0 x6c h4f ya0a ff81 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">approach;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya0b ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 ws103\">Gr<span class=\"_ _2\"></span>oups of Life insurance con<span class=\"_ _2\"></span>tracts that were issued be<span class=\"_ _2\"></span>fore 2018 </span></span></div>\n<div class=\"t m0 x6c h4f ya0c ff81 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">have been<span class=\"_ _2\"></span>\u00a0measured applying <span class=\"_ _2\"></span>the fair value a<span class=\"_ _2\"></span>pproach; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya0d ff83 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff84\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff81 lse2 wsf1\">Gr<span class=\"_ _2\"></span>oups</span><span class=\"ff81\">\u00a0<span class=\"lsf4 ws114\">of L<span class=\"lsfc ws115\">ife<span class=\"_ _2\"></span>\u00a0<span class=\"lse0 wsfa\">insura<span class=\"_ _2b\"></span>nce contracts<span class=\"_ _0\"></span>\u00a0with di<span class=\"_ _0\"></span>rect pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion feat<span class=\"_ _2b\"></span>ures </span></span></span></span></span></div>\n<div class=\"t m0 x6c h4f ya0e ff81 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">have<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">been measured a<span class=\"_ _2b\"></span>pplying the modif<span class=\"_ _0\"></span>ied retros<span class=\"_ _2b\"></span>pective approa<span class=\"_ _0\"></span>ch.<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f ya0f ff81 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya10 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For the g<span class=\"_ _2b\"></span>roups of insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts t<span class=\"_ _0\"></span>hat have <span class=\"_ _2b\"></span>been measure<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x1a h4f ya11 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g the modif<span class=\"_ _0\"></span>ied retro<span class=\"_ _2b\"></span>spective appro<span class=\"_ _0\"></span>ach, Ageas<span class=\"_ _0\"></span>\u00a0estimat<span class=\"_ _0\"></span>ed th<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f ya12 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">future cas<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>flo<span class=\"_ _0\"></span>ws at the dat<span class=\"_ _0\"></span>e of initial r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion of the gr<span class=\"_ _0\"></span>oup of</div>\n<div class=\"t m0 x1a h4f ya13 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts as t<span class=\"_ _2b\"></span>he future cas<span class=\"_ _2b\"></span>h flows at the t<span class=\"_ _0\"></span>ransiti<span class=\"_ _0\"></span>on date,</div>\n<div class=\"t m0 x1a h4f ya14 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed by the actua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>cas<span class=\"_ _0\"></span>h flows that<span class=\"_ _0\"></span>\u00a0have occu<span class=\"_ _0\"></span>rred bet<span class=\"_ _0\"></span>ween the d<span class=\"_ _0\"></span>ate</div>\n<div class=\"t m0 x1a h4f ya15 ff81 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of initial reco<span class=\"_ _2\"></span>gnition and the transition d<span class=\"_ _2\"></span>ate<span class=\"lse0 wsf0\">. A simila<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>sim<span class=\"_ _0\"></span>plificat<span class=\"_ _2b\"></span>ion was </span></div>\n<div class=\"t m0 x1a h4f ya16 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applie<span class=\"_ _0\"></span>d to the es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es of th<span class=\"_ _0\"></span>e risk adj<span class=\"_ _2b\"></span>ustment for no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">financial ri<span class=\"_ _2\"></span>sk</span>, </span></div>\n<div class=\"t m0 x1a h4f ya17 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">which hav<span class=\"_ _2b\"></span>e been estimat<span class=\"_ _2b\"></span>ed at the transi<span class=\"_ _2b\"></span>tion date and <span class=\"_ _0\"></span>have bee<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f ya18 ff81 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed for the <span class=\"_ _2b\"></span>expected rele<span class=\"_ _0\"></span>ase of r<span class=\"_ _0\"></span>isk bef<span class=\"_ _0\"></span>ore the tr<span class=\"_ _2b\"></span>ansition date.<span class=\"_ _0\"></span>\u00a0In</div>\n<div class=\"t m0 x1a h4f ya19 ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _0\"></span>ing the rel<span class=\"_ _0\"></span>ease of risk,<span class=\"_ _0\"></span>\u00a0referen<span class=\"_ _0\"></span>ce was made t<span class=\"_ _0\"></span>o the releas<span class=\"_ _2b\"></span>e of risk</div>\n<div class=\"t m0 x1a h4f ya1a ff81 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for simil<span class=\"_ _0\"></span>ar contra<span class=\"_ _0\"></span>cts.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 188px; height: 918px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For the g<span class=\"_ _2b\"></span>roups of insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts t<span class=\"_ _0\"></span>hat have <span class=\"_ _2b\"></span>been measure<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y803 ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">applying <span class=\"_ _2\"></span>the fair value a<span class=\"_ _2\"></span>pproach, Ageas deter<span class=\"_ _2\"></span>mined the contractua<span class=\"_ _2\"></span>l</div>\n<div class=\"t m0 x7 h4f y804 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service <span class=\"_ _0\"></span>margin <span class=\"_ _0\"></span>at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date a<span class=\"_ _0\"></span>s the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _0\"></span>n the fa<span class=\"_ _0\"></span>ir</div>\n<div class=\"t m0 x7 h4f y805 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the g<span class=\"_ _2b\"></span>roup of <span class=\"wsef\">insurance <span class=\"wsfa\">co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>\u00a0at that <span class=\"_ _0\"></span>date<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 ws103\">and the fulfilmen<span class=\"_ _2\"></span>t </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash flows<span class=\"_ _0\"></span>\u00a0of the same gr<span class=\"_ _2b\"></span>oup measured apply<span class=\"_ _2b\"></span>ing the requirem<span class=\"_ _0\"></span>ents in</div>\n<div class=\"t m0 x7 h4f y807 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 17 at th<span class=\"_ _0\"></span>at date. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y808 ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y809 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In determ<span class=\"_ _0\"></span>ining the f<span class=\"_ _0\"></span>air value of<span class=\"_ _0\"></span>\u00a0a group of insur<span class=\"_ _0\"></span>ance co<span class=\"_ _0\"></span>ntracts,<span class=\"_ _0\"></span>\u00a0Ageas</div>\n<div class=\"t m0 x7 h4f y80a ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">applied the<span class=\"_ _2\"></span>\u00a0requirements in <span class=\"_ _2\"></span>IFRS 13 \u2018Fair v<span class=\"_ _2\"></span>alue measurement\u2019, w<span class=\"_ _2\"></span>ith the</div>\n<div class=\"t m0 x7 h4f y80b ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">fol<span class=\"lse2 ws103\">lowing consider<span class=\"_ _2\"></span>ations:<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x7 h4f y80c ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse2 ws103\">A<span class=\"_ _2\"></span>ssumptions about expected <span class=\"lse0 wsf0\">future cash flow<span class=\"_ _0\"></span>s and risk al<span class=\"_ _0\"></span>lowances<span class=\"_ _0\"></span>\u00a0</span></span></span></div>\n<div class=\"t m0 x43 h4f y80d ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are adjus<span class=\"_ _0\"></span>ted to t<span class=\"_ _2b\"></span>he view of the m<span class=\"_ _2b\"></span>arket particip<span class=\"_ _0\"></span>ant, in <span class=\"_ _0\"></span>line wit<span class=\"_ _2b\"></span>h the</div>\n<div class=\"t m0 x43 h4f y80e ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ements in IF<span class=\"_ _2b\"></span>RS 13;<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y80f ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsfa\">Discount rates<span class=\"_ _0\"></span>\u00a0used i<span class=\"_ _0\"></span>n measu<span class=\"_ _0\"></span>ring the <span class=\"_ _0\"></span>cash flo<span class=\"_ _2b\"></span>ws assume a ma<span class=\"_ _0\"></span>rket </span></span></div>\n<div class=\"t m0 x43 h4f y810 ff86 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">consistent<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsfa\">remuner<span class=\"_ _2b\"></span>ation for the c<span class=\"_ _0\"></span>ost of c<span class=\"_ _0\"></span>apital a<span class=\"_ _0\"></span>nd are ad<span class=\"_ _2b\"></span>justed to </span></span></div>\n<div class=\"t m0 x43 h4f y90a ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflect t<span class=\"_ _0\"></span>he risk of non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">performa<span class=\"_ _0\"></span>nce by Ageas<span class=\"_ _0\"></span>, as issuer o<span class=\"_ _2b\"></span>f <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x43 h4f y90b ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts; and<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90c ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsfa\">The cash flows<span class=\"_ _0\"></span>\u00a0are adj<span class=\"_ _0\"></span>usted to <span class=\"_ _0\"></span>reflect<span class=\"_ _0\"></span>\u00a0profit m<span class=\"_ _2b\"></span>argins that a m<span class=\"_ _0\"></span>arket </span></span></div>\n<div class=\"t m0 x43 h4f y90d ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participant wou<span class=\"_ _2\"></span>ld require for<span class=\"ls0 ws0\">\u00a0<span class=\"lse0 wsf0\">acceptin<span class=\"_ _0\"></span>g the obligat<span class=\"_ _2b\"></span>i<span class=\"wsfa\">ons under the </span></span></span></div>\n<div class=\"t m0 x43 h4f y90e ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">group of co<span class=\"_ _0\"></span>ntracts an<span class=\"_ _0\"></span>d include t<span class=\"_ _0\"></span>he non<span class=\"ls0 ws0\">-</span>direct<span class=\"_ _2b\"></span>ly attributable c<span class=\"_ _0\"></span>osts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y90f ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y910 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The result<span class=\"_ _0\"></span>s of the calc<span class=\"_ _2b\"></span>ulated fair value<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>have b<span class=\"_ _0\"></span>een compa<span class=\"_ _0\"></span>red agains<span class=\"_ _0\"></span>t</div>\n<div class=\"t m0 x7 h4f y911 ff86 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">commonly u<span class=\"_ _2\"></span>sed market metrics<span class=\"_ _2\"></span>\u00a0to provide addition<span class=\"_ _2\"></span>al comfort.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f y912 ff86 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f y913 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In determ<span class=\"_ _0\"></span>ining the f<span class=\"_ _0\"></span>ulfilment<span class=\"_ _0\"></span>\u00a0cash flow<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>of a gro<span class=\"_ _2b\"></span>up of insurance contr<span class=\"_ _2b\"></span>acts</div>\n<div class=\"t m0 x7 h4f y914 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that has <span class=\"_ _0\"></span>been me<span class=\"_ _0\"></span>asured <span class=\"_ _0\"></span>at the tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on date a<span class=\"_ _0\"></span>pplyin<span class=\"_ _0\"></span>g the fai<span class=\"_ _0\"></span>r value</div>\n<div class=\"t m0 x7 h4f y915 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">approach, Ageas<span class=\"_ _2\"></span>\u00a0estimated the fulfilmen<span class=\"_ _2\"></span>t cash flows prospectively and<span class=\"_ _2\"></span>\u00a0</div>\n<div class=\"t m0 x7 h4f y916 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed those fulf<span class=\"_ _0\"></span>ilment c<span class=\"_ _0\"></span>ash flow<span class=\"_ _2b\"></span>s using the appl<span class=\"_ _2b\"></span>icable discou<span class=\"_ _2b\"></span>nt</div>\n<div class=\"t m0 x7 h4f y917 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rates at t<span class=\"_ _2b\"></span>he tra<span class=\"lse2\">nsition da<span class=\"_ _2\"></span>te. Furthermore, Age<span class=\"_ _2\"></span>as grouped contrac<span class=\"_ _2\"></span>ts from </span></div>\n<div class=\"t m0 x1a h4f ya1d ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">multip<span class=\"_ _0\"></span>le annual c<span class=\"_ _0\"></span>ohorts int<span class=\"_ _0\"></span>o a single un<span class=\"_ _0\"></span>it of accou<span class=\"_ _0\"></span>nt for meas<span class=\"_ _2b\"></span>ur<span class=\"wsef\">ement<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x1a h4f ya1e ff86 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">purposes<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span>\u00a0</span><span class=\"ws103\">as its reporting syste<span class=\"_ _2\"></span>ms did not have reasonable and </span></div>\n<div class=\"t m0 x1a h4f ya1f ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">support<span class=\"_ _2b\"></span>able informati<span class=\"_ _2b\"></span>on to provide t<span class=\"_ _2b\"></span>he required inf<span class=\"_ _2b\"></span>ormation by gr<span class=\"_ _0\"></span>ou<span class=\"lse1 wsf0\">ps <span class=\"lsf4 ws10c\">of </span></span></div>\n<div class=\"t m0 x1a h4f ya20 ff86 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">contracts <span class=\"lse2 wsfa\">that includ<span class=\"_ _2\"></span>e only <span class=\"lse0 wsef\">insuranc<span class=\"_ _0\"></span>e <span class=\"wsfa\">contract<span class=\"_ _2b\"></span>s issued withi<span class=\"_ _0\"></span>n one ye<span class=\"_ _0\"></span>ar.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h55 ya21 ff8a fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>ed impact on share<span class=\"_ _0\"></span>holders<span class=\"_ _0\"></span>\u2019 equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya22 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In analysi<span class=\"_ _2b\"></span>ng <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he decrea<span class=\"_ _0\"></span>se in shareh<span class=\"_ _0\"></span>olders<span class=\"_ _0\"></span>\u2019 equity at<span class=\"_ _0\"></span>\u00a0the transiti<span class=\"_ _2b\"></span>on date,</div>\n<div class=\"t m0 x1a h4f ya23 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a disti<span class=\"_ _0\"></span>nction s<span class=\"_ _0\"></span>hould be m<span class=\"_ _2b\"></span>ade between the<span class=\"_ _2b\"></span>\u00a0impact of the <span class=\"wsf0\">a<span class=\"_ _0\"></span>doption of<span class=\"_ _0\"></span>\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya24 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS 9 &amp; IFRS 1<span class=\"_ _0\"></span>7 on shareh<span class=\"_ _0\"></span>olders\u2019 e<span class=\"_ _0\"></span>quity exc<span class=\"_ _0\"></span>luding ot<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x1a h4f ya25 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income and o<span class=\"_ _0\"></span>n other com<span class=\"_ _0\"></span>prehens<span class=\"_ _2b\"></span>ive income:<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya26 ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsf0\">The adoption of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 by th<span class=\"_ _0\"></span>e subsidia<span class=\"_ _2b\"></span>ries of Ageas </span></span></div>\n<div class=\"t m0 x6c h4f ya27 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in a non<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">significant</span>\u00a0<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">net</span>\u00a0</span><span class=\"wsfa\">decre<span class=\"_ _0\"></span>ase of <span class=\"lse2\">shareholders\u2019 equity </span></span></div>\n<div class=\"t m0 x6c h4f ya28 ff86 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">ex<span class=\"lse2 wsfa\">cluding other <span class=\"_ _2\"></span>comprehensive income<span class=\"_ _2\"></span>. This decrease main<span class=\"_ _2\"></span>ly </span></div>\n<div class=\"t m0 x6c h4f ya29 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">relates to the<span class=\"_ _2\"></span>\u00a0derecognition of any amounts<span class=\"_ _2\"></span>\u00a0that were recognised</div>\n<div class=\"t m0 x6c h4f ya2a ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">under IFR<span class=\"_ _0\"></span>S 4 for deferr<span class=\"_ _2b\"></span>ed acquisition cost<span class=\"_ _0\"></span>s and val<span class=\"_ _0\"></span>ue of busines<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x6c h4f ya2b ff86 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>d, <span class=\"wsf0\">partly co<span class=\"_ _2b\"></span>mpensated by<span class=\"ls0 ws0\">\u00a0</span>the der<span class=\"_ _2b\"></span>ecognition of im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nts </span></div>\n<div class=\"t m0 x6c h4f ya2c ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">tha<span class=\"lse2 wsfa\">t Ageas r<span class=\"_ _2\"></span>ecognised under <span class=\"_ _2\"></span>IAS 39 for its inv<span class=\"_ _2\"></span>estments in equity </span></div>\n<div class=\"t m0 x6c h4f ya2d ff86 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">instruments. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya2e ff88 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff89\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff86 lse0 wsf0\">The adoption of IF<span class=\"_ _0\"></span>RS 9 &amp; IFRS 17 by th<span class=\"_ _0\"></span>e subsidia<span class=\"_ _2b\"></span>ries of Ageas </span></span></div>\n<div class=\"t m0 x6c h4f ya2f ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in a materi<span class=\"_ _0\"></span>al net decr<span class=\"_ _0\"></span>ease of othe<span class=\"_ _0\"></span>r compreh<span class=\"_ _0\"></span>ensive inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x6c h4f ya30 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">measured in shar<span class=\"_ _2\"></span>eholders\u2019 equity. This is<span class=\"_ _2\"></span>\u00a0the part o<span class=\"ls0 ws0\">f </span>equity t<span class=\"_ _2\"></span>hat</div>\n<div class=\"t m0 x6c h4f ya31 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">relates<span class=\"_ _0\"></span>\u00a0to unre<span class=\"_ _0\"></span>alised g<span class=\"_ _0\"></span>ains or <span class=\"_ _0\"></span>losses <span class=\"_ _0\"></span>on invest<span class=\"_ _2b\"></span>ments in financ<span class=\"_ _2b\"></span>ial</div>\n<div class=\"t m0 x6c h4f ya32 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents and on<span class=\"_ _2b\"></span>\u00a0<span class=\"_ _2\"></span>(re)i<span class=\"_ _2b\"></span>nsurance<span class=\"ls0 ws0\">\u00a0<span class=\"lse2 wsfa\">contract liabi<span class=\"_ _2\"></span>lities. The decrea<span class=\"_ _2\"></span>se </span></span></div>\n<div class=\"t m0 x6c h4f ya33 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of othe<span class=\"_ _0\"></span>r compre<span class=\"_ _0\"></span>hensive <span class=\"_ _0\"></span>income <span class=\"_ _2b\"></span>mainly relates<span class=\"_ _0\"></span>\u00a0to the</div>\n<div class=\"t m0 x6c h4f ya34 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span>\u00a0(re)ins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontracts at<span class=\"_ _0\"></span>\u00a0the transit<span class=\"_ _2b\"></span>i<span class=\"wsfa\">on date. </span></div>\n<div class=\"t m0 x6c h4f ya35 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The increa<span class=\"_ _2b\"></span>se in other compreh<span class=\"_ _2b\"></span>ensive income ref<span class=\"_ _0\"></span>lects th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x6c h4f ya36 ff86 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">remeasurement o<span class=\"_ _2\"></span>f financial instruments at the<span class=\"_ _2\"></span>\u00a0transition date</div>\n<div class=\"t m0 x6c h4f ya37 ff86 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing thei<span class=\"_ _0\"></span>r classif<span class=\"_ _0\"></span>ication <span class=\"_ _2b\"></span>under IFRS 9, n<span class=\"_ _0\"></span>et of th<span class=\"_ _0\"></span>e derecog<span class=\"_ _2b\"></span>nition</div>\n<div class=\"t m0 x6c h4f ya38 ff86 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of shadow ac<span class=\"_ _2b\"></span>counting unde<span class=\"_ _0\"></span>r IFRS 4.<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 645px; height: 461px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below inclu<span class=\"_ _0\"></span>des the ma<span class=\"_ _0\"></span>in estimat<span class=\"_ _2b\"></span>ed impacts of the adopt<span class=\"_ _2b\"></span>ion of IFRS 9 &amp; IFRS 17 on 1 Janu<span class=\"_ _2b\"></span>ary 2022 (in rounde<span class=\"_ _0\"></span>d billion<span class=\"_ _0\"></span><span class=\"wsfa\">s of euros<span class=\"_ _2b\"></span>):<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x21b h52 y5ff ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 472px; bottom: 1065px; z-index: 15;\">Balance as at<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x196 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 487px; bottom: 1050px; z-index: 15;\">1 January<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x21f h52 y603 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 494px; bottom: 1035px; z-index: 15;\">2022 as<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x198 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 1020px; z-index: 15;\">previously<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 493px; bottom: 1006px; z-index: 15;\">reported<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 1050px; z-index: 15;\">Adjustments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 1035px; z-index: 15;\">due <span class=\"lse7 ws109\">to<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x151 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 550px; bottom: 1020px; z-index: 15;\">adoption of<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1f9 h52 y5f4 ff8b fs3c fc1f sc0 lsf0 ws12b\" style=\"left: 566px; bottom: 1006px; z-index: 15;\">IFRS 9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 628px; bottom: 1006px; z-index: 15;\">Transfer<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x142 h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 680px; bottom: 1050px; z-index: 15;\">Adjustments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x163 h52 y603 ff8b fs3c fc1f sc0 lse4 wsf6\" style=\"left: 703px; bottom: 1035px; z-index: 15;\">due to<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x151 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 685px; bottom: 1020px; z-index: 15;\">adoption of<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19a h52 y5f4 ff8b fs3c fc1f sc0 lsf0 ws12b\" style=\"left: 696px; bottom: 1006px; z-index: 15;\">IFRS 17<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19e h52 y601 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 761px; bottom: 1050px; z-index: 15;\">Restated<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x21b h52 y603 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 743px; bottom: 1035px; z-index: 15;\">balance as at<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x196 h52 y608 ff8b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 758px; bottom: 1020px; z-index: 15;\">1 January<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x9 h52 y5f4 ff8b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1006px; z-index: 15;\">2022<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 269px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 990px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f4 ff8d fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 975px; z-index: 15;\">IFRS4/IAS39 as previously reported<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f4 ff8d fs3c fc1f sc0 lsef ws102\" style=\"left: 269px; bottom: 975px; z-index: 15;\">IFRS 1<span class=\"_ _2\"></span>7/IFRS 9 rest<span class=\"_ _2\"></span>ated <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 975px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Cash<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">cash</span>\u00a0</span>equivalents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 960px; z-index: 15;\">Cash<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">cash</span>\u00a0</span>equivalents<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 960px; z-index: 15;\">1.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 960px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f2 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f2 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 960px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 960px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Financial investments (incl. loans<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 945px; z-index: 15;\">Financial investments (incl. loans<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 945px; z-index: 15;\">74.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 945px; z-index: 15;\">0.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 945px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y60e ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 945px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 945px; z-index: 15;\">74.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Investments related to UL contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 931px; z-index: 15;\">UL Financial investments<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 931px; z-index: 15;\">18.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 931px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 931px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 931px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 931px; z-index: 15;\">21.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Investment property<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 269px; bottom: 916px; z-index: 15;\">Inv<span class=\"_ _2\"></span>estment <span class=\"_ _2\"></span><span class=\"lse4 wsf4\">property<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 916px; z-index: 15;\">3.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 916px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 916px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 916px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 916px; z-index: 15;\">3.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 901px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 901px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y656 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 901px; z-index: 15;\">(1.<span class=\"_ _2\"></span>3)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 901px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 886px; z-index: 15;\">Reinsurance contract assets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 886px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 716px; bottom: 886px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 886px; z-index: 15;\">0.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 871px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0<span class=\"lse5 wsf5\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 871px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y656 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 871px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y656 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 871px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Equity<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">accounted investments<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 856px; z-index: 15;\">Equity<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">accounted investments<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 856px; z-index: 15;\">5.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 856px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 856px; z-index: 15;\">5.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Property<span class=\"ls0 ws0\">\u00a0</span>and<span class=\"ls0 ws0\">\u00a0</span>equipment<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 842px; z-index: 15;\">Property and<span class=\"ls0 ws0\">\u00a0</span><span class=\"wsf4\">equipment<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 842px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 842px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 842px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y647 ff8b fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">and</span>\u00a0<span class=\"lse4 wsf4\">other</span>\u00a0<span class=\"lse4 wsf4\">intangible</span>\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y647 ff8b fs3c fc14 sc0 ls109 ws12c\" style=\"left: 269px; bottom: 827px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">and</span>\u00a0<span class=\"lse4 wsf4\">other</span>\u00a0<span class=\"lse4 wsf4\">intangible</span>\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y647 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 827px; z-index: 15;\">1.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y647 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 827px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y647 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 827px; z-index: 15;\">1.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lsec wsfe\">as<span class=\"_ _2\"></span>sets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 269px; bottom: 812px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lsec wsfe\">as<span class=\"_ _2\"></span>sets</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 812px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y603 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 575px; bottom: 812px; z-index: 15;\">(1.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y603 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 812px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 716px; bottom: 812px; z-index: 15;\">2.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 812px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Accrued interests and other a<span class=\"_ _0\"></span>ssets<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 797px; z-index: 15;\">Accrued <span class=\"wsf3\">interests and other assets<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 797px; z-index: 15;\">2.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 797px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y608 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 797px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y608 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 797px; z-index: 15;\">(0.<span class=\"_ _2\"></span>4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y608 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 797px; z-index: 15;\">1.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y603 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x14d h54 y603 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 269px; bottom: 782px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0<span class=\"lse4 wsf4\">assets</span>\u00a0</span></div>\n<div class=\"t m0 x220 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 782px; z-index: 15;\">111.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 782px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y603 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 782px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 782px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y603 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 782px; z-index: 15;\">113.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 767px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 752px; z-index: 15;\">Current<span class=\"ls0 ws0\">\u00a0</span>tax<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 752px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Liabilities related to UL con<span class=\"_ _0\"></span>tracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 738px; z-index: 15;\">Investment contract liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 738px; z-index: 15;\">18.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 738px; z-index: 15;\">0.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 738px; z-index: 15;\">3.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5f2 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 738px; z-index: 15;\">(7.<span class=\"_ _2\"></span>7)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f2 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 738px; z-index: 15;\">14.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 723px; z-index: 15;\">Life/Non<span class=\"ls0 ws0\">-<span class=\"lsef ws102\">Lif<span class=\"_ _2\"></span>e insuranc<span class=\"_ _2\"></span>e liabilit<span class=\"_ _2\"></span>ies</span>\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 723px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 711px; bottom: 723px; z-index: 15;\">80.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h52 y5f4 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 723px; z-index: 15;\">80.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Liabilities from Life/Non<span class=\"ls0 ws0\">-</span>life insurance contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 708px; z-index: 15;\">36.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y5f9 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 642px; bottom: 708px; z-index: 15;\">(3.<span class=\"_ _2\"></span>1)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x11c h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 708px; z-index: 15;\">(33.4)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 708px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 693px; z-index: 15;\">Liabilities from Life investments contracts<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x19d h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 693px; z-index: 15;\">30.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x11c h52 y60e ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 693px; z-index: 15;\">(30.6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y60e ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 693px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 678px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 678px; z-index: 15;\">3.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 678px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f9 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 678px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y5f9 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 678px; z-index: 15;\">(0.<span class=\"_ _2\"></span>1)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f9 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 678px; z-index: 15;\">3.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 663px; z-index: 15;\">Provisions<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 663px; z-index: 15;\">Provisions<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 663px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 663px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 663px; z-index: 15;\">0.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lse4 wsf4\">liabilities</span>\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5fc ff8b fs3c fc14 sc0 lsed ws12d\" style=\"left: 269px; bottom: 648px; z-index: 15;\">Deferred<span class=\"ls0 ws0\">\u00a0<span class=\"lsec wsfe\">tax</span>\u00a0<span class=\"lse4 wsf4\">liabilities</span>\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5fc ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 648px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h52 y5fc ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 575px; bottom: 648px; z-index: 15;\">(0.<span class=\"_ _2\"></span>6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5fc ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 648px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5fc ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 648px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5fc ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 648px; z-index: 15;\">0.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Subordinated<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 634px; z-index: 15;\">Subordinated<span class=\"ls0 ws0\">\u00a0</span>liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 634px; z-index: 15;\">2.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f7 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 634px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5f7 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 634px; z-index: 15;\">2.7<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 619px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5ff ff8b fs3c fc14 sc0 lse6 wsf7\" style=\"left: 269px; bottom: 619px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 619px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5ff ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 619px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h52 y5ff ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 619px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y601 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 604px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 604px; z-index: 15;\">2.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 604px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y601 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 604px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y601 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 604px; z-index: 15;\">(0.<span class=\"_ _2\"></span>6)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y601 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 604px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5ff ff8d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 589px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5ff ff8d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 269px; bottom: 589px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 589px; z-index: 15;\">96.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x164 h54 y5ff ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 575px; bottom: 589px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5ff ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 589px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 589px; z-index: 15;\">8.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5ff ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 589px; z-index: 15;\">104.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 269px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 526px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 594px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 729px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h54 y605 ff8d fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 574px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Share capital and retained ea<span class=\"_ _0\"></span>rnings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y603 ff8b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 269px; bottom: 559px; z-index: 15;\">Share capital and retained ea<span class=\"_ _0\"></span>rnings<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 559px; z-index: 15;\">8.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 559px; z-index: 15;\">0.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y603 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 559px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y603 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 559px; z-index: 15;\">(0.<span class=\"_ _2\"></span>5)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y603 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 559px; z-index: 15;\">7.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Other comprehensive income<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y638 ff8b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 269px; bottom: 544px; z-index: 15;\">Other comprehensive income<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 544px; z-index: 15;\">3.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 544px; z-index: 15;\">1.4<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y638 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 544px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y638 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 544px; z-index: 15;\">(4.<span class=\"_ _2\"></span>7)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y638 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 544px; z-index: 15;\">0.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interest<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x14d h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 530px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interest<span class=\"ls0 ws0\">\u00a0</span></span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 530px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 581px; bottom: 530px; z-index: 15;\">0.6<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h52 y632 ff8b fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 530px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h52 y632 ff8b fs3c fc14 sc0 lsec wsfe\" style=\"left: 710px; bottom: 530px; z-index: 15;\">(1.<span class=\"_ _2\"></span>8)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h52 y632 ff8b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 530px; z-index: 15;\">1.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Total equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f2 ff8d fs3c fc1f sc0 lse8 wsf9\" style=\"left: 269px; bottom: 515px; z-index: 15;\">Total equity<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x19d h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 508px; bottom: 515px; z-index: 15;\">14.2<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 515px; z-index: 15;\">2.3<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5f2 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 515px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x164 h54 y5f2 ff8d fs3c fc1f sc0 lsec wsfe\" style=\"left: 710px; bottom: 515px; z-index: 15;\">(7.<span class=\"_ _2\"></span>0)<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f2 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 784px; bottom: 515px; z-index: 15;\">9.5<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x14d h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x5f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 365px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 526px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 594px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 729px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x15f h52 y5f4 ff8b fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 500px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x14d h54 y5f9 ff8d fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 485px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span>\u00a0and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\">\u00a0</span></div>\n<div class=\"t m0 x14d h54 y5f9 ff8d fs3c fc1f sc0 lse7 ws0\" style=\"left: 269px; bottom: 485px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span>\u00a0and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 485px; z-index: 15;\">111.1<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x162 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 485px; z-index: 15;\">1.8<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x15f h54 y5f9 ff8d fs3c fc1f sc0 ls0 ws0\" style=\"left: 661px; bottom: 485px; z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x162 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 485px; z-index: 15;\">1.0<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x220 h54 y5f9 ff8d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 485px; z-index: 15;\">113.9<span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya62 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya63 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya64 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Lif<span class=\"_ _2b\"></span>e/Non<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">Life ins<span class=\"_ _2\"></span>urance <span class=\"lse0\">liabil<span class=\"_ _0\"></span>ities\u2019 a<span class=\"_ _0\"></span>bove inc<span class=\"_ _2b\"></span>ludes an amount<span class=\"_ _0\"></span>\u00a0of con<span class=\"_ _2b\"></span>tractual servic<span class=\"_ _2b\"></span>e margin of EUR <span class=\"_ _2b\"></span>3 billion.<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x7 h4f ya65 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya66 ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x7 h4f ya67 ff8b fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">E.<span class=\"ls0 ws0\">\u00a0<span class=\"_ _5d\">\u00a0</span><span class=\"lse2 ws103\">Other change<span class=\"_ _2\"></span>s in IFRS standards</span>\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya68 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not expect<span class=\"_ _0\"></span>\u00a0that other f<span class=\"_ _0\"></span>orthcom<span class=\"_ _2b\"></span>ing new or revised IFR<span class=\"_ _2b\"></span>S</div>\n<div class=\"t m0 x7 h4f ya69 ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">standards, in<span class=\"_ _2\"></span>terpretations and amendments<span class=\"_ _2\"></span>\u00a0to IFRS standards and</div>\n<div class=\"t m0 x7 h4f ya6a ff8b fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">interpretation<span class=\"_ _2\"></span>s, that will be<span class=\"_ _2\"></span>come effective for<span class=\"_ _2\"></span>\u00a0annual reporting <span class=\"_ _2\"></span>periods on</div>\n<div class=\"t m0 x7 h4f ya6b ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">1 January 2023 or<span class=\"_ _2\"></span>\u00a0later, will affect the con<span class=\"_ _2\"></span>solidat<span class=\"lse0 wsf0\">ed state<span class=\"_ _0\"></span>ment of </span></div>\n<div class=\"t m0 x7 h4f ya6c ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al posit<span class=\"_ _0\"></span>ion and inc<span class=\"_ _0\"></span>ome statem<span class=\"_ _2b\"></span>ent of Ageas in a signifi<span class=\"_ _0\"></span>cant way.</div>\n<div class=\"t m0 x7 h4f ya6d ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Not all thos<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cha<span class=\"_ _0\"></span>nges have al<span class=\"_ _2b\"></span>ready been endors<span class=\"_ _2b\"></span>ed by the EU. <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x7 h4f ya6e ff8b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u00a0</div>\n<div class=\"t m0 x1a h4f ya6f ff8b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Those c<span class=\"_ _0\"></span>hanges <span class=\"_ _0\"></span>relate to:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya70 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 1 \u2018Classi<span class=\"_ _0\"></span>ficati<span class=\"_ _0\"></span>on of liabilit<span class=\"_ _0\"></span>ies as cur<span class=\"_ _0\"></span>rent or non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span></span></span></div>\n<div class=\"t m0 x6c h4f ya71 ff8b fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">current\u2019; <span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya72 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse2 ws103\">A<span class=\"_ _2\"></span>mendments to IAS 1 \u2018Non<span class=\"ls0 ws0\">-</span>cu<span class=\"_ _2\"></span>rrent liabilities with covena<span class=\"_ _2\"></span>nts\u2019;<span class=\"ls0 ws0\">\u00a0</span></span></span></div>\n<div class=\"t m0 x1a h4f ya73 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 1 a<span class=\"_ _0\"></span>nd IFR<span class=\"_ _0\"></span>S practic<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment 2 \u2018D<span class=\"_ _2b\"></span>isclosure of </span></span></div>\n<div class=\"t m0 x6c h4f ya74 ff8b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing polic<span class=\"_ _0\"></span>ies\u2019;<span class=\"_ _0\"></span><span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya75 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsfa\">Amendments t<span class=\"_ _0\"></span>o IAS 8 \u2018<span class=\"_ _0\"></span>Defini<span class=\"lse2\">tion of accounting est<span class=\"_ _2\"></span>imates\u2019;<span class=\"ls0 ws0\">\u00a0</span></span></span></span></div>\n<div class=\"t m0 x1a h4f ya76 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse0 wsf0\">Amendments to I<span class=\"_ _0\"></span>AS 12 \u2018Defe<span class=\"_ _0\"></span>rred tax re<span class=\"_ _0\"></span>lated to ass<span class=\"_ _2b\"></span>ets and liabiliti<span class=\"_ _0\"></span>es </span></span></div>\n<div class=\"t m0 x6c h4f ya77 ff8b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">arising from<span class=\"_ _2\"></span>\u00a0a single transaction\u2019; and <span class=\"ls0 ws0\">\u00a0</span></div>\n<div class=\"t m0 x1a h4f ya78 ff8e fs3a fc1a sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff8f\">\u00a0<span class=\"_ _46\">\u00a0</span><span class=\"ff8b fc14 lse2 ws103\">A<span class=\"_ _2\"></span>mendments to IFRS 16 \u2018Lease li<span class=\"_ _2\"></span>ability in a sale and leaseback<span class=\"_ _2\"></span><span class=\"ls0 ws0\">\u2019. </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 238px; height: 868px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag418": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff92 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">2.3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff92 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Accounting es<span class=\"ls10c ws12f\">timates<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79e ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In preparing<span class=\"_ _2\"></span> these <span class=\"ls0 ws0\">c<span class=\"lse0 wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inanci<span class=\"_ _2\"></span>al </span>s<span class=\"lse2 wsfa\">tatements,<span class=\"_ _2\"></span> Ageas used </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y79f ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n judgement<span class=\"_ _0\"></span>s, estim<span class=\"_ _0\"></span>ates and as<span class=\"_ _0\"></span>sumpti<span class=\"_ _0\"></span>ons, which a<span class=\"_ _2b\"></span>re reflected in</div>\n<div class=\"t m0 x7 h4f y7a0 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the report<span class=\"_ _2b\"></span>ed amounts of assets<span class=\"_ _0\"></span> and liabi<span class=\"_ _0\"></span>lities, rev<span class=\"_ _2b\"></span>enues and expense<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y7a1 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and in the amo<span class=\"_ _2b\"></span>unts reported in th<span class=\"_ _0\"></span>e notes to<span class=\"ls0 ws0\"> </span><span class=\"wsef\">thes<span class=\"_ _0\"></span>e <span class=\"ls0 ws0\">c</span>onsolidate<span class=\"_ _0\"></span>d <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inanc<span class=\"_ _2\"></span>ial </span></span></span></div>\n<div class=\"t m0 x7 h4f ya7f ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsfa\">tatements.<span class=\"_ _0\"></span> The ju<span class=\"_ _0\"></span>dgements<span class=\"_ _0\"></span>, esti<span class=\"_ _0\"></span>mates an<span class=\"_ _0\"></span>d assumpt<span class=\"_ _2b\"></span>ions used are </span></div>\n<div class=\"t m0 x7 h4f ya80 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>experience and on <span class=\"_ _2\"></span>information that i<span class=\"_ _2\"></span>s reasonably avail<span class=\"_ _2\"></span>able at</div>\n<div class=\"t m0 x7 h4f ya81 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the time t<span class=\"_ _2b\"></span>hese <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial<span class=\"_ _2\"></span> </span>s</span><span class=\"wsf0\">tateme<span class=\"_ _0\"></span>nts are prepa<span class=\"_ _2b\"></span>red. Each </span></span></div>\n<div class=\"t m0 x7 h4f ya82 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgem<span class=\"_ _0\"></span>ent, est<span class=\"_ _0\"></span>imate an<span class=\"_ _0\"></span>d <span class=\"wsf0\">assum<span class=\"_ _0\"></span>ption carr<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>by its n<span class=\"_ _0\"></span>ature so<span class=\"_ _0\"></span>me degree of </span></div>\n<div class=\"t m0 x7 h4f ya83 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ainty and a ri<span class=\"_ _2b\"></span>sk of material adju<span class=\"_ _2b\"></span>stment (positiv<span class=\"_ _0\"></span>e or negativ<span class=\"_ _0\"></span>e) to the</div>\n<div class=\"t m0 x7 h4f ya84 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nts of assets and lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span> during fut<span class=\"_ _2b\"></span>ure reporting</div>\n<div class=\"t m0 x1a h4f ya85 ff90 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">period(s). Po<span class=\"_ _2\"></span>tential revisions are recogni<span class=\"_ _2\"></span>sed in the reporting peri<span class=\"lse0 wsf0\">od in </span></div>\n<div class=\"t m0 x1a h4f ya86 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which the j<span class=\"_ _0\"></span>udgeme<span class=\"_ _0\"></span>nt, estim<span class=\"_ _0\"></span>ate or assum<span class=\"_ _0\"></span>ption is rev<span class=\"_ _2b\"></span>ised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya87 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ya88 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas is no<span class=\"_ _2\"></span>t active in U<span class=\"_ _2\"></span>kraine and Russia, <span class=\"_ _2\"></span>but carefully monit<span class=\"_ _2\"></span>ors the</div>\n<div class=\"t m0 x1a h4f ya89 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">evolvi<span class=\"_ _0\"></span>ng geo<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">politi<span class=\"_ _0\"></span>cal tens<span class=\"_ _2b\"></span>ions in those r<span class=\"_ _0\"></span>egions,<span class=\"_ _0\"></span> in part<span class=\"_ _0\"></span>icular w<span class=\"_ _0\"></span>ith </span></div>\n<div class=\"t m0 x1a h4f ya8a ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">regards to<span class=\"_ _2\"></span> indirect macro<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">eco<span class=\"_ _0\"></span>nomic ef<span class=\"_ _0\"></span>fects such as<span class=\"_ _0\"></span> the<span class=\"ls0 ws0\"> </span>future ev<span class=\"_ _2b\"></span>olution </span></span></div>\n<div class=\"t m0 x1a h4f ya8b ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of interest<span class=\"_ _0\"></span> rates and i<span class=\"_ _0\"></span>nflation i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the m<span class=\"_ _0\"></span>arkets in wh<span class=\"_ _2b\"></span>ich Ageas is active.<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ya8c ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas cu<span class=\"_ _2b\"></span>rrently assess<span class=\"_ _2b\"></span>es the direct i<span class=\"_ _0\"></span>mpact to <span class=\"_ _2b\"></span>be immaterial. I<span class=\"_ _0\"></span>f</div>\n<div class=\"t m0 x1a h4f ya8d ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applica<span class=\"_ _0\"></span>ble, esti<span class=\"_ _0\"></span>mates and as<span class=\"_ _0\"></span>sumpt<span class=\"_ _0\"></span>ions have be<span class=\"_ _0\"></span>en revie<span class=\"_ _0\"></span>wed and are</div>\n<div class=\"t m0 x1a h4f ya8e ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflect<span class=\"_ _2b\"></span>ed in the amounts repo<span class=\"_ _2b\"></span>rted in<span class=\"ls0 ws0\"> </span><span class=\"wsef\">these <span class=\"ls0 ws0\">c<span class=\"lse2 wsf1\">onsolidat<span class=\"_ _2\"></span>ed </span>f<span class=\"lse2 wsf1\">inancial </span></span></span></div>\n<div class=\"t m0 x1a h4f ya8f ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsef\">tatements.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ya90 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ya91 ff90 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">The table below inc<span class=\"_ _2b\"></span>ludes the estimation uncertai<span class=\"_ _0\"></span>nty of the key <span class=\"ws130\">judg<span class=\"_ _0\"></span>ements, </span></div>\n<div class=\"t m0 x1a h4f ya92 ff90 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">estimates and as<span class=\"_ _0\"></span>sumptions:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya93 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya94 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya95 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f ya96 ff90 fs3a fc1f sc0 lse1 wsf0\" style=\"z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ya97 ff93 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Financial i<span class=\"_ _2\"></span>nstruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya98 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 2:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya99 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 wsf1\">The <span class=\"ws103\">valuation<span class=\"_ _2\"></span> model</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9a ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Inact<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f ya9b ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 3:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9c ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 ws103\">The valuation model</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9d ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The us<span class=\"_ _0\"></span>e of non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">market o<span class=\"_ _0\"></span>bservab<span class=\"_ _2b\"></span>le input<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x43 h4f ya9e ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Inact<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 ya9f ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment prop<span class=\"_ _0\"></span>erty: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa0 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The determinat<span class=\"_ _0\"></span>ion of the usef<span class=\"_ _2b\"></span>ul life and residua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yaa1 ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Loans: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa2 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">T<span class=\"_ _2\"></span>he valuation model</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaa3 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The use of para<span class=\"_ _0\"></span>meters s<span class=\"_ _2b\"></span>uch as <span class=\"lse2\">credit spread<span class=\"_ _2\"></span>, maturity and<span class=\"_ _2\"></span> interest </span></span></span></div>\n<div class=\"t m0 x43 h4f yaa4 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yaa5 ff93 fs3a fc1f sc0 lsfb wsfa\" style=\"z-index: 15;\">Asso<span class=\"_ _2\"></span>ciates:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Uncertainties<span class=\"_ _0\"></span> dependi<span class=\"_ _0\"></span>ng on the asset<span class=\"_ _0\"></span> mix, oper<span class=\"_ _0\"></span>ations an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>mark<span class=\"_ _2b\"></span>et </span></span></div>\n<div class=\"t m0 x43 h4f yaa7 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa8 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">Ap<span class=\"_ _2\"></span>plication of the requirem<span class=\"_ _2\"></span>ents for hyperinflationar<span class=\"_ _2\"></span>y economies and </span></span></div>\n<div class=\"t m0 x43 h4f yaa9 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment unit<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y7c5 ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span><span class=\"ws103\">i<span class=\"_ _2\"></span>mpairment testing<span class=\"ls0 ws0\">: </span></span></div>\n<div class=\"t m0 x7 h4f y7c6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The valuat<span class=\"lse2 ws103\">ion model</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h4f y7c7 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Financial and eco<span class=\"_ _2b\"></span>nomic variables<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c8 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The discount rat<span class=\"_ _0\"></span>e used<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c9 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">T<span class=\"_ _2\"></span>he inherent risk<span class=\"_ _2\"></span> premium of the en<span class=\"_ _2\"></span>tity</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h55 yaaa ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaab ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The determinat<span class=\"_ _0\"></span>ion of the usef<span class=\"_ _2b\"></span>ul life and residua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yaac ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>tax as<span class=\"_ _0\"></span>sets:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaad ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">Interpretatio<span class=\"_ _2b\"></span>n of tax regulat<span class=\"_ _2b\"></span>ions<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yaae ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">A<span class=\"_ _2\"></span>mount and timing of future tax<span class=\"_ _2\"></span>able income</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yaaf ff90 fs3a fc1f sc0 ls102 ws11d\" style=\"z-index: 15;\">Liabili<span class=\"_ _2\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yab0 ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act liabil<span class=\"_ _0\"></span>ities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yab1 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsef\">Life:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x6c h4f yab2 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 ws103\">The actuarial assump<span class=\"_ _2\"></span>tions used</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x6c h4f yab3 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The yie<span class=\"_ _0\"></span>ld curve us<span class=\"_ _0\"></span>ed in the Liab<span class=\"_ _0\"></span>ility Ade<span class=\"_ _0\"></span>quacy Test<span class=\"_ _0\"></span> (LAT<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">test)</span> </span></span></span></div>\n<div class=\"t m0 x6c h4f yab4 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The rein<span class=\"_ _2b\"></span>vestment prof<span class=\"_ _0\"></span>ile of the inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span> portfoli<span class=\"_ _2b\"></span>o, <span class=\"_ _2\"></span>cre<span class=\"_ _2b\"></span>dit risk </span></span></div>\n<div class=\"t m0 x1e6 h4f yab5 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">spread and<span class=\"_ _2\"></span> <span class=\"lse0\">mat<span class=\"_ _0\"></span>urity, w<span class=\"_ _2b\"></span>hen determinin<span class=\"_ _2b\"></span>g the shadow L<span class=\"_ _0\"></span>AT </span></div>\n<div class=\"t m0 x1e6 h4f yab6 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yab7 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsf1\">N<span class=\"_ _2\"></span>on</span><span class=\"ff90\">-<span class=\"ls102 ws11d\">life:</span> </span></span></div>\n<div class=\"t m0 x6c h4f yab8 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsfa\">The ex<span class=\"_ _2b\"></span>pected ultimate<span class=\"_ _2b\"></span> cost of claims <span class=\"_ _2b\"></span>reported at th<span class=\"_ _0\"></span>e reporti<span class=\"_ _2b\"></span>ng </span></span></div>\n<div class=\"t m0 x1e6 h4f yab9 ff90 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yaba ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The ex<span class=\"_ _0\"></span>pected ult<span class=\"_ _0\"></span>imate cost<span class=\"_ _0\"></span> of claims i<span class=\"_ _0\"></span>ncurred b<span class=\"_ _0\"></span>ut not yet </span></span></div>\n<div class=\"t m0 x1e6 h4f yabb ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reporte<span class=\"_ _0\"></span>d at the report<span class=\"_ _2b\"></span>ing date<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yabc ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Claim<span class=\"_ _0\"></span> adjustm<span class=\"_ _0\"></span>ent expens<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 yabd ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Pension obl<span class=\"_ _2\"></span>igations:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yabe ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">T<span class=\"_ _2\"></span>he actuarial assumptions used</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yabf ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The discount rat<span class=\"_ _0\"></span>e used<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yac0 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Inflation and sal<span class=\"_ _2b\"></span>ary evolutions<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 yac1 ff93 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yac2 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The likelihoo<span class=\"_ _0\"></span>d of a pres<span class=\"_ _2b\"></span>ent obligatio<span class=\"_ _0\"></span>n due to <span class=\"_ _0\"></span>events i<span class=\"_ _0\"></span>n the pas<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yac3 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The calculati<span class=\"_ _0\"></span>on <span class=\"wsef\">of<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">the best es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ed amount<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h55 yac4 ff93 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax liabilit<span class=\"_ _0\"></span>ies:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yac5 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsef\">Interpret<span class=\"lse2 ws103\">ation of tax regulations</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yac6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90\">A<span class=\"_ _2\"></span><span class=\"lse2 ws103\">mount and timing of future<span class=\"_ _2\"></span> taxable income</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 378px; height: 404px; width: 352px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 378px; height: 404px; width: 326px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 236px; height: 577px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yac7 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yac8 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yac9 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The notes<span class=\"_ _0\"></span> to th<span class=\"_ _0\"></span>ese <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolid<span class=\"_ _2b\"></span>ated <span class=\"ls0 ws0\">f<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">inancial </span>s<span class=\"_ _2\"></span></span><span class=\"wsf0\">tat<span class=\"_ _2b\"></span>ements provide a det<span class=\"_ _2b\"></span>ailed descript<span class=\"_ _0\"></span>ion on the app<span class=\"_ _0\"></span>licati<span class=\"_ _0\"></span>on of these es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es and assum<span class=\"_ _2b\"></span>ptions and their eff<span class=\"_ _2b\"></span>ect </span></span></div>\n<div class=\"t m0 x7 h4f yaca ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the repo<span class=\"_ _0\"></span>rted figur<span class=\"_ _0\"></span>es. Note <span class=\"ls0 ws0\">4 <span class=\"lse2 wsfa\">\u2018Risk Managem<span class=\"_ _2\"></span>ent\u2019 of these <span class=\"_ _2\"></span></span>c</span><span class=\"wsef\">onsol<span class=\"_ _0\"></span>idated <span class=\"ls0 ws0\">f</span>inanc<span class=\"_ _2b\"></span>ial <span class=\"_ _2\"></span><span class=\"ls0 ws0\">s</span><span class=\"wsfa\">tate<span class=\"_ _0\"></span>ments de<span class=\"_ _0\"></span>scribes<span class=\"_ _0\"></span> the way<span class=\"_ _2b\"></span> Ageas mitigat<span class=\"_ _0\"></span>es the v<span class=\"_ _0\"></span>arious r<span class=\"_ _0\"></span>isks<span class=\"ls0 ws0\"> </span>of the </span></span></div>\n<div class=\"t m0 x7 h4f yacb ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance op<span class=\"_ _2\"></span>erations.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 157px; height: 949px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 157px; height: 949px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yc51 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The maxim<span class=\"_ _0\"></span>um useful lif<span class=\"_ _2b\"></span>e of components is as f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc52 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 yc53 ffc0 fs3c fc14 sc0 lsed ws12d\" style=\"z-index: 15;\">Structure<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc54 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">50 years for <span class=\"wsf3\">offices and retail<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 yc56 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 682px; z-index: 15;\">70 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc57 ffc0 fs3c fc14 sc0 ls109 ws12c\" style=\"z-index: 15;\">Closing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc58 ffc0 fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">30 years for offices an<span class=\"_ _0\"></span>d retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc74 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 641px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc5b ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Techniques and equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5c ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">15 years for car parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5d ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">20 years for offices<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5e ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">25 years for retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc60 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 568px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc61 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Heavy finishing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc62 ffc0 fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">15 years <span class=\"lsec\">for car<span class=\"_ _2\"></span> parks<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1df h52 yc63 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">20 years for offices<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc64 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">25 years for retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc66 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 495px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc68 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 470px; z-index: 15;\">Light finishing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc68 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 470px; z-index: 15;\">10 years for offices, retail and residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc69 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc6a ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc6b ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Land has an unlimi<span class=\"_ _0\"></span>ted useful<span class=\"_ _0\"></span> life and is ther<span class=\"_ _2b\"></span>efore not depreci<span class=\"_ _2b\"></span>ated<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f yc6c ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 wsfa\">A<span class=\"_ _2\"></span>s a general rul<span class=\"_ _2\"></span>e, residual value<span class=\"_ _2\"></span>s are <span class=\"lse0 wsf0\">consid<span class=\"_ _2b\"></span>ered to be zero<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yc6d ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Repairs and maint<span class=\"_ _2b\"></span>enance expenses<span class=\"_ _0\"></span> are charg<span class=\"_ _0\"></span>ed to the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _2b\"></span>ent when the expend<span class=\"_ _0\"></span>iture is inc<span class=\"_ _0\"></span>urred. Ex<span class=\"_ _2b\"></span>penditures that e<span class=\"_ _2b\"></span>nha<span class=\"lse2 ws103\">nce or ext<span class=\"_ _2\"></span>end the </span></span></span></div>\n<div class=\"t m0 x43 h4f yc6e ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s of real <span class=\"_ _2b\"></span>estate or fixe<span class=\"_ _0\"></span>d assets <span class=\"_ _0\"></span>beyond t<span class=\"_ _2b\"></span>heir original <span class=\"_ _0\"></span>use are c<span class=\"_ _2b\"></span>apitalised an<span class=\"_ _0\"></span>d subs<span class=\"lse2\">equently depreciated<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f yc6f ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 ws103\">Bo<span class=\"_ _2\"></span>rrowing costs to finance<span class=\"_ _2\"></span> the construction of proper<span class=\"_ _2\"></span>ty, plant and equipment are trea<span class=\"_ _2\"></span>ted in the same way as borrowing c<span class=\"_ _2\"></span>osts o<span class=\"lse0 wsf0\">n inve<span class=\"_ _0\"></span>stment pro<span class=\"_ _2b\"></span>perty<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 344px; height: 400px; width: 86%; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag399": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff92 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">2.3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff92 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Accounting es<span class=\"ls10c ws12f\">timates<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79e ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In preparing<span class=\"_ _2\"></span> these <span class=\"ls0 ws0\">c<span class=\"lse0 wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inanci<span class=\"_ _2\"></span>al </span>s<span class=\"lse2 wsfa\">tatements,<span class=\"_ _2\"></span> Ageas used </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y79f ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n judgement<span class=\"_ _0\"></span>s, estim<span class=\"_ _0\"></span>ates and as<span class=\"_ _0\"></span>sumpti<span class=\"_ _0\"></span>ons, which a<span class=\"_ _2b\"></span>re reflected in</div>\n<div class=\"t m0 x7 h4f y7a0 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the report<span class=\"_ _2b\"></span>ed amounts of assets<span class=\"_ _0\"></span> and liabi<span class=\"_ _0\"></span>lities, rev<span class=\"_ _2b\"></span>enues and expense<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y7a1 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and in the amo<span class=\"_ _2b\"></span>unts reported in th<span class=\"_ _0\"></span>e notes to<span class=\"ls0 ws0\"> </span><span class=\"wsef\">thes<span class=\"_ _0\"></span>e <span class=\"ls0 ws0\">c</span>onsolidate<span class=\"_ _0\"></span>d <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inanc<span class=\"_ _2\"></span>ial </span></span></span></div>\n<div class=\"t m0 x7 h4f ya7f ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsfa\">tatements.<span class=\"_ _0\"></span> The ju<span class=\"_ _0\"></span>dgements<span class=\"_ _0\"></span>, esti<span class=\"_ _0\"></span>mates an<span class=\"_ _0\"></span>d assumpt<span class=\"_ _2b\"></span>ions used are </span></div>\n<div class=\"t m0 x7 h4f ya80 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>experience and on <span class=\"_ _2\"></span>information that i<span class=\"_ _2\"></span>s reasonably avail<span class=\"_ _2\"></span>able at</div>\n<div class=\"t m0 x7 h4f ya81 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the time t<span class=\"_ _2b\"></span>hese <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial<span class=\"_ _2\"></span> </span>s</span><span class=\"wsf0\">tateme<span class=\"_ _0\"></span>nts are prepa<span class=\"_ _2b\"></span>red. Each </span></span></div>\n<div class=\"t m0 x7 h4f ya82 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgem<span class=\"_ _0\"></span>ent, est<span class=\"_ _0\"></span>imate an<span class=\"_ _0\"></span>d <span class=\"wsf0\">assum<span class=\"_ _0\"></span>ption carr<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>by its n<span class=\"_ _0\"></span>ature so<span class=\"_ _0\"></span>me degree of </span></div>\n<div class=\"t m0 x7 h4f ya83 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ainty and a ri<span class=\"_ _2b\"></span>sk of material adju<span class=\"_ _2b\"></span>stment (positiv<span class=\"_ _0\"></span>e or negativ<span class=\"_ _0\"></span>e) to the</div>\n<div class=\"t m0 x7 h4f ya84 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nts of assets and lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span> during fut<span class=\"_ _2b\"></span>ure reporting</div>\n<div class=\"t m0 x1a h4f ya85 ff90 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">period(s). Po<span class=\"_ _2\"></span>tential revisions are recogni<span class=\"_ _2\"></span>sed in the reporting peri<span class=\"lse0 wsf0\">od in </span></div>\n<div class=\"t m0 x1a h4f ya86 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which the j<span class=\"_ _0\"></span>udgeme<span class=\"_ _0\"></span>nt, estim<span class=\"_ _0\"></span>ate or assum<span class=\"_ _0\"></span>ption is rev<span class=\"_ _2b\"></span>ised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya87 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ya88 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas is no<span class=\"_ _2\"></span>t active in U<span class=\"_ _2\"></span>kraine and Russia, <span class=\"_ _2\"></span>but carefully monit<span class=\"_ _2\"></span>ors the</div>\n<div class=\"t m0 x1a h4f ya89 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">evolvi<span class=\"_ _0\"></span>ng geo<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">politi<span class=\"_ _0\"></span>cal tens<span class=\"_ _2b\"></span>ions in those r<span class=\"_ _0\"></span>egions,<span class=\"_ _0\"></span> in part<span class=\"_ _0\"></span>icular w<span class=\"_ _0\"></span>ith </span></div>\n<div class=\"t m0 x1a h4f ya8a ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">regards to<span class=\"_ _2\"></span> indirect macro<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">eco<span class=\"_ _0\"></span>nomic ef<span class=\"_ _0\"></span>fects such as<span class=\"_ _0\"></span> the<span class=\"ls0 ws0\"> </span>future ev<span class=\"_ _2b\"></span>olution </span></span></div>\n<div class=\"t m0 x1a h4f ya8b ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of interest<span class=\"_ _0\"></span> rates and i<span class=\"_ _0\"></span>nflation i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the m<span class=\"_ _0\"></span>arkets in wh<span class=\"_ _2b\"></span>ich Ageas is active.<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ya8c ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas cu<span class=\"_ _2b\"></span>rrently assess<span class=\"_ _2b\"></span>es the direct i<span class=\"_ _0\"></span>mpact to <span class=\"_ _2b\"></span>be immaterial. I<span class=\"_ _0\"></span>f</div>\n<div class=\"t m0 x1a h4f ya8d ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applica<span class=\"_ _0\"></span>ble, esti<span class=\"_ _0\"></span>mates and as<span class=\"_ _0\"></span>sumpt<span class=\"_ _0\"></span>ions have be<span class=\"_ _0\"></span>en revie<span class=\"_ _0\"></span>wed and are</div>\n<div class=\"t m0 x1a h4f ya8e ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflect<span class=\"_ _2b\"></span>ed in the amounts repo<span class=\"_ _2b\"></span>rted in<span class=\"ls0 ws0\"> </span><span class=\"wsef\">these <span class=\"ls0 ws0\">c<span class=\"lse2 wsf1\">onsolidat<span class=\"_ _2\"></span>ed </span>f<span class=\"lse2 wsf1\">inancial </span></span></span></div>\n<div class=\"t m0 x1a h4f ya8f ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsef\">tatements.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ya90 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ya91 ff90 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">The table below inc<span class=\"_ _2b\"></span>ludes the estimation uncertai<span class=\"_ _0\"></span>nty of the key <span class=\"ws130\">judg<span class=\"_ _0\"></span>ements, </span></div>\n<div class=\"t m0 x1a h4f ya92 ff90 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">estimates and as<span class=\"_ _0\"></span>sumptions:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya93 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya94 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya95 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f ya96 ff90 fs3a fc1f sc0 lse1 wsf0\" style=\"z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ya97 ff93 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Financial i<span class=\"_ _2\"></span>nstruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya98 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 2:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya99 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 wsf1\">The <span class=\"ws103\">valuation<span class=\"_ _2\"></span> model</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9a ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Inact<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f ya9b ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 3:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9c ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 ws103\">The valuation model</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9d ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The us<span class=\"_ _0\"></span>e of non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">market o<span class=\"_ _0\"></span>bservab<span class=\"_ _2b\"></span>le input<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x43 h4f ya9e ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Inact<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 ya9f ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment prop<span class=\"_ _0\"></span>erty: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa0 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The determinat<span class=\"_ _0\"></span>ion of the usef<span class=\"_ _2b\"></span>ul life and residua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yaa1 ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Loans: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa2 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">T<span class=\"_ _2\"></span>he valuation model</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaa3 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The use of para<span class=\"_ _0\"></span>meters s<span class=\"_ _2b\"></span>uch as <span class=\"lse2\">credit spread<span class=\"_ _2\"></span>, maturity and<span class=\"_ _2\"></span> interest </span></span></span></div>\n<div class=\"t m0 x43 h4f yaa4 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yaa5 ff93 fs3a fc1f sc0 lsfb wsfa\" style=\"z-index: 15;\">Asso<span class=\"_ _2\"></span>ciates:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Uncertainties<span class=\"_ _0\"></span> dependi<span class=\"_ _0\"></span>ng on the asset<span class=\"_ _0\"></span> mix, oper<span class=\"_ _0\"></span>ations an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>mark<span class=\"_ _2b\"></span>et </span></span></div>\n<div class=\"t m0 x43 h4f yaa7 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa8 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">Ap<span class=\"_ _2\"></span>plication of the requirem<span class=\"_ _2\"></span>ents for hyperinflationar<span class=\"_ _2\"></span>y economies and </span></span></div>\n<div class=\"t m0 x43 h4f yaa9 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment unit<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y7c5 ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span><span class=\"ws103\">i<span class=\"_ _2\"></span>mpairment testing<span class=\"ls0 ws0\">: </span></span></div>\n<div class=\"t m0 x7 h4f y7c6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The valuat<span class=\"lse2 ws103\">ion model</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h4f y7c7 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Financial and eco<span class=\"_ _2b\"></span>nomic variables<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c8 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The discount rat<span class=\"_ _0\"></span>e used<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c9 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">T<span class=\"_ _2\"></span>he inherent risk<span class=\"_ _2\"></span> premium of the en<span class=\"_ _2\"></span>tity</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h55 yaaa ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaab ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The determinat<span class=\"_ _0\"></span>ion of the usef<span class=\"_ _2b\"></span>ul life and residua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yaac ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>tax as<span class=\"_ _0\"></span>sets:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaad ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">Interpretatio<span class=\"_ _2b\"></span>n of tax regulat<span class=\"_ _2b\"></span>ions<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yaae ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">A<span class=\"_ _2\"></span>mount and timing of future tax<span class=\"_ _2\"></span>able income</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yaaf ff90 fs3a fc1f sc0 ls102 ws11d\" style=\"z-index: 15;\">Liabili<span class=\"_ _2\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yab0 ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act liabil<span class=\"_ _0\"></span>ities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yab1 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsef\">Life:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x6c h4f yab2 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 ws103\">The actuarial assump<span class=\"_ _2\"></span>tions used</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x6c h4f yab3 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The yie<span class=\"_ _0\"></span>ld curve us<span class=\"_ _0\"></span>ed in the Liab<span class=\"_ _0\"></span>ility Ade<span class=\"_ _0\"></span>quacy Test<span class=\"_ _0\"></span> (LAT<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">test)</span> </span></span></span></div>\n<div class=\"t m0 x6c h4f yab4 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The rein<span class=\"_ _2b\"></span>vestment prof<span class=\"_ _0\"></span>ile of the inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span> portfoli<span class=\"_ _2b\"></span>o, <span class=\"_ _2\"></span>cre<span class=\"_ _2b\"></span>dit risk </span></span></div>\n<div class=\"t m0 x1e6 h4f yab5 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">spread and<span class=\"_ _2\"></span> <span class=\"lse0\">mat<span class=\"_ _0\"></span>urity, w<span class=\"_ _2b\"></span>hen determinin<span class=\"_ _2b\"></span>g the shadow L<span class=\"_ _0\"></span>AT </span></div>\n<div class=\"t m0 x1e6 h4f yab6 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yab7 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsf1\">N<span class=\"_ _2\"></span>on</span><span class=\"ff90\">-<span class=\"ls102 ws11d\">life:</span> </span></span></div>\n<div class=\"t m0 x6c h4f yab8 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsfa\">The ex<span class=\"_ _2b\"></span>pected ultimate<span class=\"_ _2b\"></span> cost of claims <span class=\"_ _2b\"></span>reported at th<span class=\"_ _0\"></span>e reporti<span class=\"_ _2b\"></span>ng </span></span></div>\n<div class=\"t m0 x1e6 h4f yab9 ff90 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yaba ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The ex<span class=\"_ _0\"></span>pected ult<span class=\"_ _0\"></span>imate cost<span class=\"_ _0\"></span> of claims i<span class=\"_ _0\"></span>ncurred b<span class=\"_ _0\"></span>ut not yet </span></span></div>\n<div class=\"t m0 x1e6 h4f yabb ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reporte<span class=\"_ _0\"></span>d at the report<span class=\"_ _2b\"></span>ing date<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yabc ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Claim<span class=\"_ _0\"></span> adjustm<span class=\"_ _0\"></span>ent expens<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 yabd ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Pension obl<span class=\"_ _2\"></span>igations:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yabe ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">T<span class=\"_ _2\"></span>he actuarial assumptions used</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yabf ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The discount rat<span class=\"_ _0\"></span>e used<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yac0 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Inflation and sal<span class=\"_ _2b\"></span>ary evolutions<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 yac1 ff93 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yac2 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The likelihoo<span class=\"_ _0\"></span>d of a pres<span class=\"_ _2b\"></span>ent obligatio<span class=\"_ _0\"></span>n due to <span class=\"_ _0\"></span>events i<span class=\"_ _0\"></span>n the pas<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yac3 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The calculati<span class=\"_ _0\"></span>on <span class=\"wsef\">of<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">the best es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ed amount<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h55 yac4 ff93 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax liabilit<span class=\"_ _0\"></span>ies:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yac5 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsef\">Interpret<span class=\"lse2 ws103\">ation of tax regulations</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yac6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90\">A<span class=\"_ _2\"></span><span class=\"lse2 ws103\">mount and timing of future<span class=\"_ _2\"></span> taxable income</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 378px; height: 404px; width: 352px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 378px; height: 404px; width: 326px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 236px; height: 577px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yac7 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yac8 ff90 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yac9 ff90 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The notes<span class=\"_ _0\"></span> to th<span class=\"_ _0\"></span>ese <span class=\"ls0 ws0\">c</span><span class=\"wsef\">onsolid<span class=\"_ _2b\"></span>ated <span class=\"ls0 ws0\">f<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">inancial </span>s<span class=\"_ _2\"></span></span><span class=\"wsf0\">tat<span class=\"_ _2b\"></span>ements provide a det<span class=\"_ _2b\"></span>ailed descript<span class=\"_ _0\"></span>ion on the app<span class=\"_ _0\"></span>licati<span class=\"_ _0\"></span>on of these es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es and assum<span class=\"_ _2b\"></span>ptions and their eff<span class=\"_ _2b\"></span>ect </span></span></div>\n<div class=\"t m0 x7 h4f yaca ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the repo<span class=\"_ _0\"></span>rted figur<span class=\"_ _0\"></span>es. Note <span class=\"ls0 ws0\">4 <span class=\"lse2 wsfa\">\u2018Risk Managem<span class=\"_ _2\"></span>ent\u2019 of these <span class=\"_ _2\"></span></span>c</span><span class=\"wsef\">onsol<span class=\"_ _0\"></span>idated <span class=\"ls0 ws0\">f</span>inanc<span class=\"_ _2b\"></span>ial <span class=\"_ _2\"></span><span class=\"ls0 ws0\">s</span><span class=\"wsfa\">tate<span class=\"_ _0\"></span>ments de<span class=\"_ _0\"></span>scribes<span class=\"_ _0\"></span> the way<span class=\"_ _2b\"></span> Ageas mitigat<span class=\"_ _0\"></span>es the v<span class=\"_ _0\"></span>arious r<span class=\"_ _0\"></span>isks<span class=\"ls0 ws0\"> </span>of the </span></span></div>\n<div class=\"t m0 x7 h4f yacb ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance op<span class=\"_ _2\"></span>erations.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 157px; height: 949px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag386": {
   "value": "\n<div class=\"t m0 x7 h4f ya96 ff90 fs3a fc1f sc0 lse1 wsf0\" style=\"z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ya97 ff93 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Financial i<span class=\"_ _2\"></span>nstruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya98 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 2:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya99 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 wsf1\">The <span class=\"ws103\">valuation<span class=\"_ _2\"></span> model</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9a ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Inact<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f ya9b ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 3:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9c ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 ws103\">The valuation model</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x43 h4f ya9d ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The us<span class=\"_ _0\"></span>e of non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">market o<span class=\"_ _0\"></span>bservab<span class=\"_ _2b\"></span>le input<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x43 h4f ya9e ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Inact<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 ya9f ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment prop<span class=\"_ _0\"></span>erty: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa0 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The determinat<span class=\"_ _0\"></span>ion of the usef<span class=\"_ _2b\"></span>ul life and residua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yaa1 ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Loans: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa2 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">T<span class=\"_ _2\"></span>he valuation model</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaa3 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The use of para<span class=\"_ _0\"></span>meters s<span class=\"_ _2b\"></span>uch as <span class=\"lse2\">credit spread<span class=\"_ _2\"></span>, maturity and<span class=\"_ _2\"></span> interest </span></span></span></div>\n<div class=\"t m0 x43 h4f yaa4 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yaa5 ff93 fs3a fc1f sc0 lsfb wsfa\" style=\"z-index: 15;\">Asso<span class=\"_ _2\"></span>ciates:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Uncertainties<span class=\"_ _0\"></span> dependi<span class=\"_ _0\"></span>ng on the asset<span class=\"_ _0\"></span> mix, oper<span class=\"_ _0\"></span>ations an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>mark<span class=\"_ _2b\"></span>et </span></span></div>\n<div class=\"t m0 x43 h4f yaa7 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaa8 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">Ap<span class=\"_ _2\"></span>plication of the requirem<span class=\"_ _2\"></span>ents for hyperinflationar<span class=\"_ _2\"></span>y economies and </span></span></div>\n<div class=\"t m0 x43 h4f yaa9 ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment unit<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y7c5 ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span><span class=\"ws103\">i<span class=\"_ _2\"></span>mpairment testing<span class=\"ls0 ws0\">: </span></span></div>\n<div class=\"t m0 x7 h4f y7c6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The valuat<span class=\"lse2 ws103\">ion model</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h4f y7c7 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Financial and eco<span class=\"_ _2b\"></span>nomic variables<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c8 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The discount rat<span class=\"_ _0\"></span>e used<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y7c9 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsfa\">T<span class=\"_ _2\"></span>he inherent risk<span class=\"_ _2\"></span> premium of the en<span class=\"_ _2\"></span>tity</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x7 h55 yaaa ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaab ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The determinat<span class=\"_ _0\"></span>ion of the usef<span class=\"_ _2b\"></span>ul life and residua<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yaac ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>tax as<span class=\"_ _0\"></span>sets:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yaad ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">Interpretatio<span class=\"_ _2b\"></span>n of tax regulat<span class=\"_ _2b\"></span>ions<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yaae ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">A<span class=\"_ _2\"></span>mount and timing of future tax<span class=\"_ _2\"></span>able income</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yaaf ff90 fs3a fc1f sc0 ls102 ws11d\" style=\"z-index: 15;\">Liabili<span class=\"_ _2\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yab0 ff93 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act liabil<span class=\"_ _0\"></span>ities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yab1 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsef\">Life:</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x6c h4f yab2 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse2 ws103\">The actuarial assump<span class=\"_ _2\"></span>tions used</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x6c h4f yab3 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The yie<span class=\"_ _0\"></span>ld curve us<span class=\"_ _0\"></span>ed in the Liab<span class=\"_ _0\"></span>ility Ade<span class=\"_ _0\"></span>quacy Test<span class=\"_ _0\"></span> (LAT<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">test)</span> </span></span></span></div>\n<div class=\"t m0 x6c h4f yab4 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The rein<span class=\"_ _2b\"></span>vestment prof<span class=\"_ _0\"></span>ile of the inve<span class=\"_ _0\"></span>stment<span class=\"_ _0\"></span> portfoli<span class=\"_ _2b\"></span>o, <span class=\"_ _2\"></span>cre<span class=\"_ _2b\"></span>dit risk </span></span></div>\n<div class=\"t m0 x1e6 h4f yab5 ff90 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">spread and<span class=\"_ _2\"></span> <span class=\"lse0\">mat<span class=\"_ _0\"></span>urity, w<span class=\"_ _2b\"></span>hen determinin<span class=\"_ _2b\"></span>g the shadow L<span class=\"_ _0\"></span>AT </span></div>\n<div class=\"t m0 x1e6 h4f yab6 ff90 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yab7 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 wsf1\">N<span class=\"_ _2\"></span>on</span><span class=\"ff90\">-<span class=\"ls102 ws11d\">life:</span> </span></span></div>\n<div class=\"t m0 x6c h4f yab8 ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsfa\">The ex<span class=\"_ _2b\"></span>pected ultimate<span class=\"_ _2b\"></span> cost of claims <span class=\"_ _2b\"></span>reported at th<span class=\"_ _0\"></span>e reporti<span class=\"_ _2b\"></span>ng </span></span></div>\n<div class=\"t m0 x1e6 h4f yab9 ff90 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yaba ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">The ex<span class=\"_ _0\"></span>pected ult<span class=\"_ _0\"></span>imate cost<span class=\"_ _0\"></span> of claims i<span class=\"_ _0\"></span>ncurred b<span class=\"_ _0\"></span>ut not yet </span></span></div>\n<div class=\"t m0 x1e6 h4f yabb ff90 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reporte<span class=\"_ _0\"></span>d at the report<span class=\"_ _2b\"></span>ing date<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yabc ff96 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff95\"> <span class=\"_ _a\"> </span><span class=\"ff90 lse0 wsf0\">Claim<span class=\"_ _0\"></span> adjustm<span class=\"_ _0\"></span>ent expens<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 yabd ff93 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Pension obl<span class=\"_ _2\"></span>igations:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yabe ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse2 ws103\">T<span class=\"_ _2\"></span>he actuarial assumptions used</span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yabf ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">The discount rat<span class=\"_ _0\"></span>e used<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yac0 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsf0\">Inflation and sal<span class=\"_ _2b\"></span>ary evolutions<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 yac1 ff93 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yac2 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The likelihoo<span class=\"_ _0\"></span>d of a pres<span class=\"_ _2b\"></span>ent obligatio<span class=\"_ _0\"></span>n due to <span class=\"_ _0\"></span>events i<span class=\"_ _0\"></span>n the pas<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yac3 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsfa\">The calculati<span class=\"_ _0\"></span>on <span class=\"wsef\">of<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">the best es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ed amount<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h55 yac4 ff93 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax liabilit<span class=\"_ _0\"></span>ies:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yac5 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90 lse0 wsef\">Interpret<span class=\"lse2 ws103\">ation of tax regulations</span></span><span class=\"ff90\"> </span></span></div>\n<div class=\"t m0 x1a h4f yac6 ff94 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff95\"> <span class=\"_ _46\"> </span><span class=\"ff90\">A<span class=\"_ _2\"></span><span class=\"lse2 ws103\">mount and timing of future<span class=\"_ _2\"></span> taxable income</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 378px; height: 404px; width: 352px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 378px; height: 404px; width: 326px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 236px; height: 577px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x14d h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 1018px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 1018px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 1018px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 1018px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 987px; z-index: 15;\">21,723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 987px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y608 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 987px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 972px; z-index: 15;\">12,520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,565<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 972px; z-index: 15;\">626<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 972px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Equity <span class=\"wsf3\">securities, private equities and o<span class=\"_ _0\"></span>ther investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 943px; z-index: 15;\">2,621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 943px; z-index: 15;\">934<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 943px; z-index: 15;\">658<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 928px; z-index: 15;\">36,864<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">2,836<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 928px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 928px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y184e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y184f ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 881px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 881px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 881px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 881px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 850px; z-index: 15;\">30,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 850px; z-index: 15;\">551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 850px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 850px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Corporate debt <span class=\"lsef ws10a\">securitie<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 835px; z-index: 15;\">16,002<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 835px; z-index: 15;\">1,953<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 835px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 835px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Equity securities, private equi<span class=\"_ _0\"></span>ties and other investment<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 806px; z-index: 15;\">3,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 806px; z-index: 15;\">1,547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 806px; z-index: 15;\">936<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 806px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 791px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 791px; z-index: 15;\">49,777<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 791px; z-index: 15;\">4,102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 791px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 791px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 780px; height: 247px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y807 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation at year<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">end is<span class=\"_ _0\"></span> as follow<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 986px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 986px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 986px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 986px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y601 ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 986px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 956px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 941px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 926px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 911px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 896px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 896px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 896px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 896px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 896px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff27c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total Investments held at<span class=\"_ _0\"></span> fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 867px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 867px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 867px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 867px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 867px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18d7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18d8 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 820px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 820px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 820px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 820px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 820px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 789px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 774px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5fc ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 745px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 730px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 730px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 730px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 730px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 730px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27c fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Total Investments held at <span class=\"lsef ws102\">fair valu<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 460px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 633px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 720px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 700px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 700px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 700px; z-index: 15;\">206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 700px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 700px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 689px; height: 338px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t m0 x66 h52 y605 ff2ec fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 765px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff2ec fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 765px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff2ef fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff2ef fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 735px; z-index: 15;\">Liability for future polic<span class=\"_ _0\"></span>yholder benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 735px; z-index: 15;\">25,350<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 735px; z-index: 15;\">26,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ec fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 720px; z-index: 15;\">Reser<span class=\"_ _2\"></span>ve for <span class=\"_ _2\"></span><span class=\"lse4 wsf6\">policyhold<span class=\"_ _0\"></span>er profit sharing<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 720px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 720px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 705px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 705px; z-index: 15;\">(46)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 705px; z-index: 15;\">1,884<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2f0 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 690px; z-index: 15;\">Before<span class=\"_ _2b\"></span> eliminati<span class=\"_ _0\"></span>ons<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f4 ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 690px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f4 ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 690px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 676px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 676px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 676px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2f0 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 661px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 661px; z-index: 15;\">25,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 661px; z-index: 15;\">28,673<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 646px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 646px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 646px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 631px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 631px; z-index: 15;\">25,518<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 631px; z-index: 15;\">28,660<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 620px; height: 154px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x66 h52 y601 ff2f3 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff2f3 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2f6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2f6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Liability for future polic<span class=\"_ _0\"></span>yholder benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1019px; z-index: 15;\">28,356<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">29,256<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Reserve for policyholder profit sharing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1004px; z-index: 15;\">336<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1004px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Shadow <span class=\"lsef ws10a\">acc<span class=\"_ _2\"></span>ounting<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5f2 ff2f3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 989px; z-index: 15;\">8</div>\n<div class=\"t m0 x17 h52 y5f2 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">1,075<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff2f7 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y603 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 974px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y603 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 974px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 963px; height: 95px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x66 h52 y601 ff2f9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff2f9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1019px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1019px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1004px; z-index: 15;\">13,751<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1004px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff2fc fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 989px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 989px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 978px; height: 80px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x66 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1018px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff302 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff302 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Claims reserves<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 987px; z-index: 15;\">7,783<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 987px; z-index: 15;\">7,620<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Unearned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,611<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 972px; z-index: 15;\">1,730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Reserve for policyholder profit sharing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 958px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 958px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 943px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 943px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff303 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Before<span class=\"_ _2b\"></span> eliminati<span class=\"_ _0\"></span>ons<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">9,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 928px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 913px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff303 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 898px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 898px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 883px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 883px; z-index: 15;\">(818)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 883px; z-index: 15;\">(789)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 869px; z-index: 15;\">7,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 869px; z-index: 15;\">7,100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 858px; height: 169px; width: 86%; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag389": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a yad5 ff99 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">2.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yad6 ff99 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Information<span class=\"_ _0\"></span> on operating segments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yad7 ff97 fs3a fc14 sc0 ls110 ws103\" style=\"z-index: 15;\">Ageas's <span class=\"ls10d wsfa\">reportable operat<span class=\"_ _0\"></span>ing segments<span class=\"_ _2b\"></span> are primarily based on </span></div>\n<div class=\"t m0 x7 h4f yad8 ff97 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">geographical <span class=\"_ _0\"></span>areas<span class=\"wsfa\">. The reg<span class=\"_ _0\"></span>ional split is<span class=\"_ _0\"></span> based on the fact t<span class=\"_ _0\"></span>hat the </span></div>\n<div class=\"t m0 x7 h4f yad9 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">activities in thes<span class=\"_ _0\"></span>e <span class=\"ls111 ws12a\">areas<span class=\"ls0 ws0\"> </span></span>share the same nature a<span class=\"_ _0\"></span>nd economic</div>\n<div class=\"t m0 x7 h4f yada ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">characteristic<span class=\"_ _0\"></span>s and are managed <span class=\"_ _0\"></span>as such.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yadb ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yadc ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">End 2020, Ageas<span class=\"_ _0\"></span> appointed Fili<span class=\"_ _0\"></span>p Coremans as Ma<span class=\"_ _0\"></span>naging Director <span class=\"_ _0\"></span>Asia</div>\n<div class=\"t m0 x7 h4f yadd ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">and Antonio Cano <span class=\"_ _2b\"></span>as Managing Director Europe.<span class=\"_ _0\"></span> This change in</div>\n<div class=\"t m0 x7 h4f yade ff97 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">respo<span class=\"wsfa\">nsibilit<span class=\"_ _0\"></span>ies of two members of<span class=\"_ _0\"></span> the Executive C<span class=\"_ _2b\"></span>ommittee of Ageas </span></div>\n<div class=\"t m0 x7 h4f yadf ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reflects the grow<span class=\"_ _0\"></span>ing importanc<span class=\"_ _0\"></span>e of a dedicated regi<span class=\"_ _2b\"></span>onal focus and the</div>\n<div class=\"t m0 x7 h4f yae0 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">specific chall<span class=\"_ _0\"></span>enges and opport<span class=\"_ _0\"></span>unities bet<span class=\"_ _0\"></span>ween the regions.<span class=\"_ _2b\"></span> As a direct</div>\n<div class=\"t m0 x7 h4f yae1 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">consequence of<span class=\"_ _0\"></span> this change, wit<span class=\"_ _0\"></span>h effect of it<span class=\"_ _0\"></span>s new t<span class=\"ws130\">hree<span class=\"ls0 ws0\">-</span></span>year strat<span class=\"_ _0\"></span>egic plan</div>\n<div class=\"t m0 x7 h4f yae2 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">\u2018Impact 24\u2019, Ageas<span class=\"_ _0\"></span> decided to cha<span class=\"_ _0\"></span>nge its reportable o<span class=\"_ _2b\"></span>perating segments by</div>\n<div class=\"t m0 x7 h4f yae3 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">including the prev<span class=\"_ _2b\"></span>ious operating segment \u2018<span class=\"_ _0\"></span>United Kingdom\u2019<span class=\"_ _2b\"></span> into the</div>\n<div class=\"t m0 x7 h4f yae4 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">previous oper<span class=\"_ _0\"></span>ating segment \u2018C<span class=\"_ _0\"></span>ontinental Eu<span class=\"_ _0\"></span>rope\u2019, which has bee<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x7 h4f yae5 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">renamed to \u2018Eur<span class=\"_ _0\"></span>ope\u2019. This chang<span class=\"_ _2b\"></span>e applies for the annual reportin<span class=\"_ _2b\"></span>g period</div>\n<div class=\"t m0 x7 h4f yae6 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">starting on 1 Janu<span class=\"_ _0\"></span>ary 2022.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yae7 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yae8 ff97 fs3a fc14 sc0 ls110 ws103\" style=\"z-index: 15;\">Ageas's <span class=\"ls10d wsfa\">operating segment<span class=\"_ _0\"></span>s are:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yae9 ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 ls102 ws11d\">Be<span class=\"_ _2\"></span>lgium;</span><span class=\"ff97\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaea ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse2 wsf1\">Eu<span class=\"_ _2\"></span>rope</span><span class=\"ff97\"> <span class=\"lse0 wsf0\">(exclud<span class=\"_ _0\"></span>ing Belgi<span class=\"_ _0\"></span>um)<span class=\"ls0 ws0\">;  </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yaeb ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lsfb wsfa\">A<span class=\"_ _2\"></span>sia;</span><span class=\"ff97\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaec ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse2 wsf1\">R<span class=\"_ _2\"></span>einsurance</span><span class=\"ff97\">; <span class=\"lse2 wsf1\">and<span class=\"_ _2\"></span> </span> </span></span></div>\n<div class=\"t m0 x7 h4f yaed ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse0 wsf0\">General account.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yaee ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yaef ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Activities not rel<span class=\"_ _2b\"></span>ated to insurance and group eli<span class=\"_ _0\"></span>mination di<span class=\"_ _0\"></span>fferences are</div>\n<div class=\"t m0 x7 h4f yaf0 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reported separ<span class=\"_ _0\"></span>ately from the core i<span class=\"_ _2b\"></span>nsurance activities. Those non<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f yaf1 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">insurance activit<span class=\"_ _0\"></span>ies are report<span class=\"_ _0\"></span>ed in the operatin<span class=\"_ _0\"></span>g segment \u2018Gen<span class=\"_ _0\"></span>eral</div>\n<div class=\"t m0 x7 h4f yaf2 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">account\u2019, whic<span class=\"_ _0\"></span>h includes items suc<span class=\"_ _0\"></span>h as group financi<span class=\"_ _2b\"></span>ng and other holding</div>\n<div class=\"t m0 x7 h4f yaf3 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">activities. I<span class=\"_ _0\"></span>n addition, the oper<span class=\"_ _0\"></span>ating segment \u2018<span class=\"_ _2b\"></span>G<span class=\"_ _2\"></span>ener<span class=\"_ _0\"></span>al account\u2019 als<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yaf4 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">includes the inv<span class=\"_ _0\"></span>estment in Royal Pa<span class=\"_ _2b\"></span>rk Investments and the liabilit<span class=\"_ _0\"></span>ies</div>\n<div class=\"t m0 x1a h4f yaf5 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">related to CASHE<span class=\"_ _2b\"></span>S/RPN(I).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yaf6 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yaf7 ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Transactions<span class=\"_ _2\"></span> or transfers between the opera<span class=\"_ _2\"></span>ting segments occur u<span class=\"wsf1\">nder<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yaf8 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">normal c<span class=\"_ _2b\"></span>ommercial term<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>nditio<span class=\"_ _0\"></span>ns that w<span class=\"_ _2b\"></span>ould be availab<span class=\"_ _2b\"></span>le to</div>\n<div class=\"t m0 x1a h4f yaf9 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unrelat<span class=\"_ _0\"></span>ed third <span class=\"_ _2b\"></span>parties. Elim<span class=\"_ _0\"></span>inations <span class=\"_ _2b\"></span>are reported s<span class=\"_ _2b\"></span>eparately.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 99px; width: 351px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 236px; height: 508px; width: 351px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 104px; width: 351px; z-index: 3;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 236px; height: 513px; width: 351px; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag391": {
   "value": "\n<div class=\"t m0 x7 h6a yad5 ff99 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">2.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yad6 ff99 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Information<span class=\"_ _0\"></span> on operating segments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yad7 ff97 fs3a fc14 sc0 ls110 ws103\" style=\"z-index: 15;\">Ageas's <span class=\"ls10d wsfa\">reportable operat<span class=\"_ _0\"></span>ing segments<span class=\"_ _2b\"></span> are primarily based on </span></div>\n<div class=\"t m0 x7 h4f yad8 ff97 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">geographical <span class=\"_ _0\"></span>areas<span class=\"wsfa\">. The reg<span class=\"_ _0\"></span>ional split is<span class=\"_ _0\"></span> based on the fact t<span class=\"_ _0\"></span>hat the </span></div>\n<div class=\"t m0 x7 h4f yad9 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">activities in thes<span class=\"_ _0\"></span>e <span class=\"ls111 ws12a\">areas<span class=\"ls0 ws0\"> </span></span>share the same nature a<span class=\"_ _0\"></span>nd economic</div>\n<div class=\"t m0 x7 h4f yada ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">characteristic<span class=\"_ _0\"></span>s and are managed <span class=\"_ _0\"></span>as such.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yadb ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yadc ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">End 2020, Ageas<span class=\"_ _0\"></span> appointed Fili<span class=\"_ _0\"></span>p Coremans as Ma<span class=\"_ _0\"></span>naging Director <span class=\"_ _0\"></span>Asia</div>\n<div class=\"t m0 x7 h4f yadd ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">and Antonio Cano <span class=\"_ _2b\"></span>as Managing Director Europe.<span class=\"_ _0\"></span> This change in</div>\n<div class=\"t m0 x7 h4f yade ff97 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">respo<span class=\"wsfa\">nsibilit<span class=\"_ _0\"></span>ies of two members of<span class=\"_ _0\"></span> the Executive C<span class=\"_ _2b\"></span>ommittee of Ageas </span></div>\n<div class=\"t m0 x7 h4f yadf ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reflects the grow<span class=\"_ _0\"></span>ing importanc<span class=\"_ _0\"></span>e of a dedicated regi<span class=\"_ _2b\"></span>onal focus and the</div>\n<div class=\"t m0 x7 h4f yae0 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">specific chall<span class=\"_ _0\"></span>enges and opport<span class=\"_ _0\"></span>unities bet<span class=\"_ _0\"></span>ween the regions.<span class=\"_ _2b\"></span> As a direct</div>\n<div class=\"t m0 x7 h4f yae1 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">consequence of<span class=\"_ _0\"></span> this change, wit<span class=\"_ _0\"></span>h effect of it<span class=\"_ _0\"></span>s new t<span class=\"ws130\">hree<span class=\"ls0 ws0\">-</span></span>year strat<span class=\"_ _0\"></span>egic plan</div>\n<div class=\"t m0 x7 h4f yae2 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">\u2018Impact 24\u2019, Ageas<span class=\"_ _0\"></span> decided to cha<span class=\"_ _0\"></span>nge its reportable o<span class=\"_ _2b\"></span>perating segments by</div>\n<div class=\"t m0 x7 h4f yae3 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">including the prev<span class=\"_ _2b\"></span>ious operating segment \u2018<span class=\"_ _0\"></span>United Kingdom\u2019<span class=\"_ _2b\"></span> into the</div>\n<div class=\"t m0 x7 h4f yae4 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">previous oper<span class=\"_ _0\"></span>ating segment \u2018C<span class=\"_ _0\"></span>ontinental Eu<span class=\"_ _0\"></span>rope\u2019, which has bee<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x7 h4f yae5 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">renamed to \u2018Eur<span class=\"_ _0\"></span>ope\u2019. This chang<span class=\"_ _2b\"></span>e applies for the annual reportin<span class=\"_ _2b\"></span>g period</div>\n<div class=\"t m0 x7 h4f yae6 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">starting on 1 Janu<span class=\"_ _0\"></span>ary 2022.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yae7 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yae8 ff97 fs3a fc14 sc0 ls110 ws103\" style=\"z-index: 15;\">Ageas's <span class=\"ls10d wsfa\">operating segment<span class=\"_ _0\"></span>s are:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yae9 ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 ls102 ws11d\">Be<span class=\"_ _2\"></span>lgium;</span><span class=\"ff97\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaea ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse2 wsf1\">Eu<span class=\"_ _2\"></span>rope</span><span class=\"ff97\"> <span class=\"lse0 wsf0\">(exclud<span class=\"_ _0\"></span>ing Belgi<span class=\"_ _0\"></span>um)<span class=\"ls0 ws0\">;  </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yaeb ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lsfb wsfa\">A<span class=\"_ _2\"></span>sia;</span><span class=\"ff97\"> </span></span></div>\n<div class=\"t m0 x7 h4f yaec ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse2 wsf1\">R<span class=\"_ _2\"></span>einsurance</span><span class=\"ff97\">; <span class=\"lse2 wsf1\">and<span class=\"_ _2\"></span> </span> </span></span></div>\n<div class=\"t m0 x7 h4f yaed ff9a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9b\"> <span class=\"_ _46\"> </span><span class=\"ff97 lse0 wsf0\">General account.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yaee ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yaef ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Activities not rel<span class=\"_ _2b\"></span>ated to insurance and group eli<span class=\"_ _0\"></span>mination di<span class=\"_ _0\"></span>fferences are</div>\n<div class=\"t m0 x7 h4f yaf0 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reported separ<span class=\"_ _0\"></span>ately from the core i<span class=\"_ _2b\"></span>nsurance activities. Those non<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f yaf1 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">insurance activit<span class=\"_ _0\"></span>ies are report<span class=\"_ _0\"></span>ed in the operatin<span class=\"_ _0\"></span>g segment \u2018Gen<span class=\"_ _0\"></span>eral</div>\n<div class=\"t m0 x7 h4f yaf2 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">account\u2019, whic<span class=\"_ _0\"></span>h includes items suc<span class=\"_ _0\"></span>h as group financi<span class=\"_ _2b\"></span>ng and other holding</div>\n<div class=\"t m0 x7 h4f yaf3 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">activities. I<span class=\"_ _0\"></span>n addition, the oper<span class=\"_ _0\"></span>ating segment \u2018<span class=\"_ _2b\"></span>G<span class=\"_ _2\"></span>ener<span class=\"_ _0\"></span>al account\u2019 als<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yaf4 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">includes the inv<span class=\"_ _0\"></span>estment in Royal Pa<span class=\"_ _2b\"></span>rk Investments and the liabilit<span class=\"_ _0\"></span>ies</div>\n<div class=\"t m0 x1a h4f yaf5 ff97 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">related to CASHE<span class=\"_ _2b\"></span>S/RPN(I).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yaf6 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yaf7 ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Transactions<span class=\"_ _2\"></span> or transfers between the opera<span class=\"_ _2\"></span>ting segments occur u<span class=\"wsf1\">nder<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yaf8 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">normal c<span class=\"_ _2b\"></span>ommercial term<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>nditio<span class=\"_ _0\"></span>ns that w<span class=\"_ _2b\"></span>ould be availab<span class=\"_ _2b\"></span>le to</div>\n<div class=\"t m0 x1a h4f yaf9 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unrelat<span class=\"_ _0\"></span>ed third <span class=\"_ _2b\"></span>parties. Elim<span class=\"_ _0\"></span>inations <span class=\"_ _2b\"></span>are reported s<span class=\"_ _2b\"></span>eparately.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 99px; width: 351px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 236px; height: 508px; width: 351px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yb15 ff97 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb16 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries a<span class=\"_ _0\"></span>re thos<span class=\"_ _0\"></span>e entities<span class=\"_ _0\"></span> over w<span class=\"_ _0\"></span>hich Ag<span class=\"_ _0\"></span>eas, eit<span class=\"_ _2b\"></span>her directly or</div>\n<div class=\"t m0 x1a h4f yb17 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">indirect<span class=\"_ _2b\"></span>ly, has the power to gov<span class=\"_ _2b\"></span>ern <span class=\"lse2 ws103\">the f<span class=\"_ _2\"></span>inancial and operating poli<span class=\"_ _2\"></span>cies <span class=\"lsf4 ws10c\">to </span></span></div>\n<div class=\"t m0 x1a h4f yb18 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">obtain b<span class=\"_ _0\"></span>enefits f<span class=\"_ _2b\"></span>rom the activ<span class=\"_ _0\"></span>ities (\u2018c<span class=\"_ _2b\"></span>ontrol\u2019). In a<span class=\"_ _0\"></span>ssess<span class=\"_ _0\"></span>ing wheth<span class=\"_ _0\"></span>er Ageas<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yb19 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>ls another e<span class=\"_ _2b\"></span>ntity, the existen<span class=\"_ _0\"></span>ce and effec<span class=\"_ _0\"></span>t of potent<span class=\"_ _0\"></span>ial voti<span class=\"_ _0\"></span>ng rights</div>\n<div class=\"t m0 x1a h4f yb1a ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that are <span class=\"_ _2\"></span>substantive in nat<span class=\"_ _2\"></span>ure, presently exer<span class=\"_ _2\"></span>cisable or presen<span class=\"lsfc ws115\">tl<span class=\"_ _2\"></span>y </span></div>\n<div class=\"t m0 x1a h4f yb1b ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">convert<span class=\"_ _0\"></span>ible, are c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>red. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb1c ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb1d ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries are c<span class=\"_ _0\"></span>onsolid<span class=\"_ _0\"></span>ated as of the dat<span class=\"_ _2b\"></span>e on which effecti<span class=\"_ _0\"></span>ve contr<span class=\"_ _0\"></span>ol is</div>\n<div class=\"t m0 x1a h4f yb1e ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">transferred <span class=\"_ _2\"></span>to Ageas and are<span class=\"_ _2\"></span> no longer consolida<span class=\"_ _2\"></span>ted from the dat<span class=\"_ _2\"></span>e on</div>\n<div class=\"t m0 x1a h4f yb1f ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which cont<span class=\"_ _2b\"></span>rol ceases. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb20 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb21 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries ac<span class=\"_ _2b\"></span>quired exclus<span class=\"_ _0\"></span>ively wit<span class=\"_ _2b\"></span>h a view to res<span class=\"_ _0\"></span>a<span class=\"lse2 ws103\">le are accounted for<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yb22 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">curre<span class=\"_ _0\"></span>nt asset<span class=\"_ _0\"></span>s held f<span class=\"_ _2b\"></span>or sale. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yb23 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb24 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Interco<span class=\"_ _0\"></span>mpany t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions (b<span class=\"_ _0\"></span>alances<span class=\"_ _2b\"></span> and gains or los<span class=\"_ _0\"></span>ses on</div>\n<div class=\"t m0 x1a h4f yb25 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions between <span class=\"wsf0\">t<span class=\"_ _0\"></span>he parent<span class=\"_ _0\"></span> company a<span class=\"_ _0\"></span>nd a subsidi<span class=\"_ _2b\"></span>ary) are </span></div>\n<div class=\"t m0 x1a h4f yb26 ff97 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 221px; height: 282px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Informat<span class=\"_ _2\"></span>ion on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">opera<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ing<span class=\"_ _0\"></span> se<span class=\"_ _0\"></span>gments</div>\n<div class=\"t m0 x7 h6a y724 ff20f fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x7 h6a ydeb ff20f fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">General informat<span class=\"_ _2b\"></span>i<span class=\"_ _2\"></span>on <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16a2 ff20d fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Operati<span class=\"_ _0\"></span>ng seg<span class=\"lsfc ws115\">ments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a3 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas is o<span class=\"_ _2\"></span>rganised in <span class=\"lsfc ws115\">fi<span class=\"_ _2\"></span>ve<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">operating s<span class=\"_ _2b\"></span>egments:<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y16a4 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d ls102 ws11d\">Be<span class=\"_ _2\"></span>lgium;</span><span class=\"ff20d\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a5 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d lse0 wsf0\">Europe (exclud<span class=\"_ _0\"></span>ing Belgiu<span class=\"_ _2b\"></span>m);<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y16a6 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d lsfb wsfa\">A<span class=\"_ _2\"></span>sia;</span><span class=\"ff20d\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a7 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d lse2 ws103\">R<span class=\"_ _2\"></span>einsurance; and</span><span class=\"ff20d\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a8 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d lse2 wsfa\">Ge<span class=\"_ _2\"></span>neral Account.</span><span class=\"ff20d\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a9 ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16aa ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas has d<span class=\"_ _2\"></span>ecided that the<span class=\"_ _2\"></span> most appropriate w<span class=\"_ _2\"></span>ay of reporting <span class=\"_ _2\"></span>operating</div>\n<div class=\"t m0 x7 h4f y16ab ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">segments under<span class=\"_ _2\"></span> IFRS is per<span class=\"_ _2\"></span> region in which A<span class=\"_ _2\"></span>geas opera<span class=\"lsf4 ws114\">tes, i.e. </span></div>\n<div class=\"t m0 x7 h4f y16ac ff20d fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Belgium, <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">Europe (excluding<span class=\"_ _2\"></span> Belgium),<span class=\"ls0 ws0\"> </span><span class=\"lse0\">Asia and R<span class=\"_ _2b\"></span>einsurance. I<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x7 h4f y16ad ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">additio<span class=\"_ _2b\"></span>n, Ageas reports act<span class=\"_ _0\"></span>ivities t<span class=\"_ _0\"></span>hat are not re<span class=\"_ _2b\"></span>lated to the core</div>\n<div class=\"t m0 x7 h4f y16ae ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce busin<span class=\"_ _0\"></span>ess, such as G<span class=\"_ _0\"></span>roup fina<span class=\"_ _0\"></span>ncing an<span class=\"_ _0\"></span>d other hol<span class=\"_ _0\"></span>ding</div>\n<div class=\"t m0 x7 h4f y16af ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">activit<span class=\"_ _0\"></span>ies, in the Ge<span class=\"_ _0\"></span>neral Acc<span class=\"_ _0\"></span>ount, wh<span class=\"_ _0\"></span>ich is treat<span class=\"_ _2b\"></span>ed as a <span class=\"_ _2\"></span>sep<span class=\"_ _0\"></span>arate</div>\n<div class=\"t m0 x7 h4f y16b0 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ng segm<span class=\"_ _2b\"></span>ent. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16b1 ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16b2 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This segm<span class=\"_ _0\"></span>ent approa<span class=\"_ _0\"></span>ch is cons<span class=\"_ _0\"></span>istent wit<span class=\"_ _0\"></span>h the scopes of<span class=\"_ _0\"></span> manage<span class=\"_ _0\"></span>ment</div>\n<div class=\"t m0 x7 h4f y16b3 ff20d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">responsibili<span class=\"_ _2\"></span>ties.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16b4 ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16b5 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Transac<span class=\"_ _0\"></span>tions bet<span class=\"_ _0\"></span>ween the di<span class=\"_ _0\"></span>fferent<span class=\"_ _0\"></span> business<span class=\"_ _2b\"></span>es are executed un<span class=\"_ _0\"></span>der</div>\n<div class=\"t m0 x7 h4f y16b6 ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">standard commer<span class=\"_ _2\"></span>cial terms and conditions.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16b7 ff20d fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Allocation rul<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16b8 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In accord<span class=\"_ _0\"></span>ance<span class=\"ls0 ws0\"> </span>with Age<span class=\"_ _2b\"></span>as\u2019s business mod<span class=\"_ _2b\"></span>el, insurance com<span class=\"_ _0\"></span>panies</div>\n<div class=\"t m0 x7 h4f y16b9 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">report sup<span class=\"_ _2b\"></span>port activities d<span class=\"_ _2b\"></span>irectly in the<span class=\"lse2 wsfa\">ir operating segmen<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f y16ba ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16bb ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When al<span class=\"_ _0\"></span>locating <span class=\"_ _2b\"></span>items from the <span class=\"_ _2b\"></span>statement of fi<span class=\"_ _2b\"></span>nancial positi<span class=\"_ _2b\"></span>on to</div>\n<div class=\"t m0 x7 h4f y16bc ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ng segm<span class=\"_ _2b\"></span>ents, a bottom<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">up approach is us<span class=\"_ _2b\"></span>ed based on the </span></span></div>\n<div class=\"t m0 x7 h4f y16bd ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">products sold<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse1 ws11d\">to external customers. </span> </span></div>\n<div class=\"t m0 x7 h4f y16be ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16bf ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For the it<span class=\"_ _2b\"></span>ems in the state<span class=\"_ _2b\"></span>ment of financi<span class=\"_ _2b\"></span>al position no<span class=\"_ _0\"></span>t relat<span class=\"_ _0\"></span>ed to</div>\n<div class=\"t m0 x7 h4f y16c0 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span>s sold t<span class=\"_ _0\"></span>o custo<span class=\"_ _0\"></span>mers, a t<span class=\"_ _0\"></span>ailor<span class=\"ls0 ws0\">-</span><span class=\"lse2\">made methodology <span class=\"_ _2\"></span>adapted to the<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y16c1 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">specific bu<span class=\"_ _2\"></span>siness model of ea<span class=\"_ _2\"></span>ch reportable seg<span class=\"_ _2\"></span>ment is applied.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y724 ff20f fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls100 ws11a\">.2</span> </div>\n<div class=\"t m0 x1a h6a ydeb ff20f fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Belgiu<span class=\"_ _2\"></span>m<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y16a2 ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The Belgian in<span class=\"_ _2\"></span>surance activities, opera<span class=\"_ _2\"></span>ting under the name of</div>\n<div class=\"t m0 x1a h4f y16a3 ff20d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">AG<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">Insurance,<span class=\"_ _0\"></span> have a l<span class=\"_ _0\"></span>ongsta<span class=\"_ _0\"></span>nding hi<span class=\"_ _0\"></span>story. <span class=\"_ _0\"></span>AG<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Insurance <span class=\"_ _2\"></span><span class=\"lsfa ws114\">owns</span></span> </span><span class=\"wsef\">100%<span class=\"ls0 ws0\"> </span>of<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y16a4 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Real Est<span class=\"_ _0\"></span>ate, which m<span class=\"_ _2b\"></span>anages <span class=\"ls102 ws11d\">AG\u2019s<span class=\"ls0 ws0\"> </span></span>real estate activ<span class=\"_ _0\"></span>ities<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y16a5 ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y16a6 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance targets <span class=\"_ _0\"></span>private i<span class=\"_ _2b\"></span>ndividuals as w<span class=\"_ _2b\"></span>ell as small, m<span class=\"_ _0\"></span>edium<span class=\"ls0 ws0\">-</span><span class=\"lsfb\">sized </span></div>\n<div class=\"t m0 x1a h4f y16a7 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and larg<span class=\"_ _0\"></span>e compani<span class=\"_ _0\"></span>es. It offer<span class=\"_ _0\"></span>s its cust<span class=\"_ _0\"></span>omers a comp<span class=\"_ _2b\"></span>rehensive rang<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x1a h4f y16a8 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life and Non<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">life in<span class=\"_ _0\"></span>surance t<span class=\"_ _0\"></span>hrough v<span class=\"_ _0\"></span>arious cha<span class=\"_ _2b\"></span>nnels such as </span></span></div>\n<div class=\"t m0 x1a h4f y16a9 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">independent<span class=\"_ _2\"></span> brokers and via <span class=\"_ _2\"></span>the bank channels <span class=\"_ _2\"></span>of BNP Paribas</div>\n<div class=\"t m0 x1a h4f y16aa ff20d fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Fortis<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 ws103\">SA/NV and its subsidiarie<span class=\"_ _2\"></span>s. AG</span> <span class=\"lse2 wsfa\">Employee Bene<span class=\"_ _2\"></span>fits i<span class=\"lse0\">s the </span></span></span></div>\n<div class=\"t m0 x1a h4f y16ab ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dedicat<span class=\"_ _0\"></span>ed busin<span class=\"_ _0\"></span>ess unit off<span class=\"_ _0\"></span>ering gr<span class=\"_ _0\"></span>oup pensio<span class=\"_ _0\"></span>n and healt<span class=\"_ _0\"></span>h care</div>\n<div class=\"t m0 x1a h4f y16ac ff20d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">solutio<span class=\"_ _0\"></span>ns<span class=\"lse2 ws103\">, mainly to larger enterp<span class=\"_ _2\"></span>rises.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h6a y16c2 ff20f fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls10b ws12e\">.3</span> </div>\n<div class=\"t m0 x1a h6a y16c3 ff20f fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y16c4 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Europe co<span class=\"_ _0\"></span>nsists of t<span class=\"_ _0\"></span>he insura<span class=\"_ _0\"></span>nce activ<span class=\"_ _2b\"></span>ities of Ageas in Euro<span class=\"_ _0\"></span>pe,</div>\n<div class=\"t m0 x1a h4f y16c5 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">excluding Be<span class=\"_ _2\"></span>lgium. Ageas is a<span class=\"_ _2\"></span>ctive in Portugal<span class=\"_ _2\"></span>, <span class=\"lsf4 ws10c\">UK, </span><span class=\"wsf1\">France<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">and </span></span></span><span class=\"lsfb\">T\u00fcr<span class=\"_ _2\"></span>kiye<span class=\"lsf4 ws10c\">. </span></span></div>\n<div class=\"t m0 x1a h4f y16c6 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The product<span class=\"_ _2\"></span> range includes<span class=\"_ _2\"></span> Life (in Portuga<span class=\"ls0 ws0\">l<span class=\"_ _2\"></span>, </span><span class=\"wsf1\">France<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">and </span></span></span><span class=\"lsfb\">T<span class=\"_ _2\"></span>\u00fcrkiye<span class=\"lse0 wsf0\">) and </span></span></div>\n<div class=\"t m0 x1a h4f y16c7 ff20d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life<span class=\"_ _2\"></span> (in Portugal<span class=\"lsfa ws136\">, UK<span class=\"_ _2\"></span> </span></span>and <span class=\"lse1 wsf0\">T\u00fcrkiye<span class=\"ws11d\">). Access to <span class=\"lse0 wsfa\">markets is f<span class=\"_ _2b\"></span>acilitated </span></span></span></div>\n<div class=\"t m0 x1a h4f y16c8 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by a number of<span class=\"_ _0\"></span> key partn<span class=\"_ _0\"></span>erships w<span class=\"_ _0\"></span>ith compa<span class=\"_ _2b\"></span>nies having a sizea<span class=\"_ _0\"></span>ble</div>\n<div class=\"t m0 x1a h4f y16c9 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n in their res<span class=\"_ _2b\"></span>pective markets.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y16ca ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y16cb ff20d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span></span><span class=\"wsfa\">UK business is<span class=\"_ _2\"></span> one of the establi<span class=\"_ _2\"></span>shed general insur<span class=\"_ _2\"></span>ers in the </span></div>\n<div class=\"t m0 x1a h4f y16cc ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">UK, adopt<span class=\"_ _0\"></span>ing a mult<span class=\"_ _0\"></span>i<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">channel <span class=\"_ _2\"></span>distribution stra<span class=\"_ _2\"></span>tegy across b<span class=\"wsf1\">rokers<span class=\"_ _2\"></span>, </span></span></span></div>\n<div class=\"t m0 x1a h4f y16cd ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">affinity par<span class=\"_ _2\"></span>tners and direct distribution. T<span class=\"_ _2\"></span>he vision is to profitably<span class=\"_ _2\"></span> grow in</div>\n<div class=\"t m0 x1a h4f y16ce ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the UK ge<span class=\"_ _2b\"></span>neral insuranc<span class=\"_ _2b\"></span>e market thro<span class=\"_ _0\"></span>ugh the d<span class=\"_ _0\"></span>elivery <span class=\"_ _2b\"></span>of a wide range <span class=\"_ _2b\"></span>of</div>\n<div class=\"t m0 x1a h4f y16cf ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">insurance solu<span class=\"_ _2\"></span>tions, focusing on personal lin<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h6a y16d0 ff20f fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8.<span class=\"_ _2\"></span>4</div>\n<div class=\"t m0 x1a h6a y16d1 ff20f fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y16d2 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas is act<span class=\"_ _2b\"></span>ive in a number of count<span class=\"_ _2b\"></span>rie<span class=\"ls102 ws115\">s in<span class=\"_ _2\"></span> Asia<span class=\"lsf4 ws114\">. It has a<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">regional office </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y16d3 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">based in <span class=\"_ _0\"></span>Hong Kon<span class=\"_ _2b\"></span>g. The activiti<span class=\"_ _0\"></span>es are o<span class=\"_ _0\"></span>rganis<span class=\"_ _0\"></span>ed in the f<span class=\"_ _2b\"></span>orm of joint</div>\n<div class=\"t m0 x1a h4f y16d4 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>es with lea<span class=\"_ _0\"></span>ding local p<span class=\"_ _0\"></span>artners a<span class=\"_ _2b\"></span>nd financial instit<span class=\"_ _2b\"></span>utions in China<span class=\"ls0 ws0\">, </span></div>\n<div class=\"t m0 x1a h4f y16d5 ff20d fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Malay<span class=\"_ _2\"></span>sia<span class=\"lsf4 ws10c\">, <span class=\"lse2 wsf1\">Thailan<span class=\"_ _2\"></span>d</span>, <span class=\"ls102 ws11d\">India<span class=\"ls105 ws12a\">, The<span class=\"_ _2\"></span> </span>Philippines<span class=\"ls0 ws0\"> </span></span></span><span class=\"lse2\">and<span class=\"_ _2\"></span> Vietnam<span class=\"lsf4 ws114\">. T<span class=\"lse0 wsef\">hese <span class=\"ls106 ws124\">activitie<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y16d6 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are accou<span class=\"_ _2b\"></span>nted for as equity assoc<span class=\"_ _2b\"></span>iates<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">under IFRS<span class=\"_ _2\"></span></span></span><span class=\"wsfa\">, e<span class=\"_ _0\"></span>xcept fo<span class=\"_ _0\"></span>r AFLI<span class=\"ls0 ws0\">C </span></span></div>\n<div class=\"t m0 x1a h4f y16d7 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">which is<span class=\"_ _0\"></span> fully c<span class=\"_ _0\"></span>onsoli<span class=\"_ _2b\"></span>dated<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">since 2022<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 176px; height: 785px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff216 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8.<span class=\"_ _2\"></span>5</div>\n<div class=\"t m0 x7 h6a y79d ff216 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff214 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse2 wsfa\">he rei<span class=\"_ _2\"></span>nsurance activitie<span class=\"_ _2\"></span>s of </span>A<span class=\"lse2 wsf1\">geas SA<span class=\"_ _2\"></span>/<span class=\"lse0 wsf0\">NV are r<span class=\"_ _2b\"></span>eported in the </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff214 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Reinsurance Seg<span class=\"_ _2\"></span>ment<span class=\"ls105 ws12a\">. The<span class=\"lse0 wsfa\">se activit<span class=\"_ _0\"></span>ies com<span class=\"_ _2b\"></span>prise intra<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">group in<span class=\"_ _0\"></span>ward </span></span></span></div>\n<div class=\"t m0 x7 h4f y7a0 ff214 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ance and re<span class=\"_ _0\"></span>insuran<span class=\"_ _0\"></span>ce of third p<span class=\"_ _2b\"></span>arties. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y79c ff216 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8.<span class=\"_ _2\"></span>6</div>\n<div class=\"t m0 x1a h6a y79d ff216 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">General Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y79e ff214 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The General Accou<span class=\"_ _2\"></span>nt comprises activities not<span class=\"_ _2\"></span> related to the core</div>\n<div class=\"t m0 x1a h4f y79f ff214 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">insurance<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">bus<span class=\"_ _2b\"></span>iness, such as Group f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>ng and othe<span class=\"_ _0\"></span>r holdin<span class=\"_ _0\"></span>g </span></span></div>\n<div class=\"t m0 x1a h4f y7a0 ff214 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">activit<span class=\"_ _0\"></span>ies. In a<span class=\"_ _0\"></span>ddit<span class=\"wsf0\">io<span class=\"_ _2b\"></span>n, General Accoun<span class=\"_ _0\"></span>t also inclu<span class=\"_ _2b\"></span>des the investme<span class=\"_ _0\"></span>nt in </span></div>\n<div class=\"t m0 x1a h4f y7a1 ff214 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Royal Park<span class=\"_ _0\"></span> Investm<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> <span class=\"ls106 ws10c\">the liabilit</span>y </span>relat<span class=\"_ _0\"></span>ed to RPN(<span class=\"_ _0\"></span>I).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya7f ff214 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya80 ff214 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h6a yafc ff216 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8.<span class=\"_ _2\"></span>7</div>\n<div class=\"t m0 x7 h6a yda3 ff216 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Statement of financial<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>position<span class=\"_ _0\"></span> by operating segment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 861px; z-index: 15;\">31 <span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x142 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 315px; bottom: 861px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 369px; bottom: 861px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y605 ff214 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 433px; bottom: 861px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 458px; bottom: 861px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x144 h52 y603 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 876px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 520px; bottom: 861px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y603 ff214 fs3c fc1f sc0 lse7 ws109\" style=\"left: 606px; bottom: 876px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 587px; bottom: 861px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 876px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 861px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff214 fs3c fc1f sc0 lsef ws10a\" style=\"left: 721px; bottom: 876px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 697px; bottom: 861px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y605 ff214 fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 861px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff214 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 69px; bottom: 846px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 831px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 831px; z-index: 15;\">576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 831px; z-index: 15;\">288<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 831px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 831px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 831px; z-index: 15;\">994<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 831px; z-index: 15;\">159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 831px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 816px; z-index: 15;\">38,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 816px; z-index: 15;\">6,334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 427px; bottom: 816px; z-index: 15;\">1,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 485px; bottom: 816px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 816px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 816px; z-index: 15;\">46,810<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 816px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 816px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 816px; z-index: 15;\">46,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 801px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 801px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 801px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 801px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 786px; z-index: 15;\">14,528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 786px; z-index: 15;\">293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 786px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 786px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 786px; z-index: 15;\">14,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 786px; z-index: 15;\">1,465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 786px; z-index: 15;\">(864)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 786px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Investments related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 771px; z-index: 15;\">11,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 771px; z-index: 15;\">4,274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 771px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 771px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 771px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 756px; z-index: 15;\">446<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 756px; z-index: 15;\">271<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 427px; bottom: 756px; z-index: 15;\">4,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 756px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y60e ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 756px; z-index: 15;\">1</div>\n<div class=\"t m0 x164 h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 756px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 742px; z-index: 15;\">1,500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 742px; z-index: 15;\">1,971<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 742px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 742px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 742px; z-index: 15;\">(1,632)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 742px; z-index: 15;\">2,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 742px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 742px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 742px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Current tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 727px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 727px; z-index: 15;\">96<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 727px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f7 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f7 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 727px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 727px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f7 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Deferred tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 712px; z-index: 15;\">820<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 712px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 445px; bottom: 712px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 712px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 712px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 697px; z-index: 15;\">1,423<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 697px; z-index: 15;\">250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 697px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 697px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 697px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 697px; z-index: 15;\">1,851<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 697px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 697px; z-index: 15;\">(107)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 697px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 682px; z-index: 15;\">2,080<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 682px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 682px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 682px; z-index: 15;\">2,200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 682px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 682px; z-index: 15;\">1</div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 682px; z-index: 15;\">2,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 667px; z-index: 15;\">724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 667px; z-index: 15;\">703<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 667px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y601 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 667px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y601 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 667px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Assets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 652px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 652px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 652px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff217 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Total assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 638px; z-index: 15;\">73,917<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 638px; z-index: 15;\">19,233<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 638px; z-index: 15;\">6,090<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 638px; z-index: 15;\">1,746<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 638px; z-index: 15;\">(1,634)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 638px; z-index: 15;\">99,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 638px; z-index: 15;\">2,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 638px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 638px; z-index: 15;\">100,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Liabilities arising from <span class=\"_ _0\"></span>Life insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 593px; z-index: 15;\">23,855<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 593px; z-index: 15;\">574<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 427px; bottom: 593px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 503px; bottom: 593px; z-index: 15;\">2</div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 593px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 593px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 593px; z-index: 15;\">25,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Liabilities arising from Life investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y638 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 578px; z-index: 15;\">24,524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y638 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 578px; z-index: 15;\">4,176<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y638 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 578px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y638 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 578px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Liabilities related to <span class=\"wsf4\">unit<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">linked contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 563px; z-index: 15;\">11,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 563px; z-index: 15;\">4,280<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 563px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 563px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 563px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Liabilities arising from Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 549px; z-index: 15;\">4,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 549px; z-index: 15;\">3,317<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 485px; bottom: 549px; z-index: 15;\">1,712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 549px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 549px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 549px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 534px; z-index: 15;\">1,144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 534px; z-index: 15;\">255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 ydd0 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 ydd0 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 ydd0 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 534px; z-index: 15;\">1,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 534px; z-index: 15;\">1,887<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 534px; z-index: 15;\">(769)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 534px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 519px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 519px; z-index: 15;\">3,803<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 519px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 445px; bottom: 519px; z-index: 15;\">2</div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 519px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 519px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 519px; z-index: 15;\">3,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 519px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 519px; z-index: 15;\">(39)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 519px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 504px; z-index: 15;\">Current tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 504px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 504px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 504px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 504px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 504px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 489px; z-index: 15;\">Deferred tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 489px; z-index: 15;\">337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 489px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 445px; bottom: 489px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 489px; z-index: 15;\">376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 489px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 489px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff214 fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 474px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 399px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 474px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 474px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 459px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 459px; z-index: 15;\">2,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 459px; z-index: 15;\">439<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 459px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 459px; z-index: 15;\">135<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 459px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 459px; z-index: 15;\">2,615<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 459px; z-index: 15;\">272<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 459px; z-index: 15;\">(203)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 459px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 445px; z-index: 15;\">Provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 445px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 445px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 445px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 445px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 445px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Liabilities related to as<span class=\"_ _0\"></span>sets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 430px; z-index: 15;\">3,982<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 430px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 430px; z-index: 15;\">3,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 430px; z-index: 15;\">(55)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 430px; z-index: 15;\">3,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff217 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 415px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 415px; z-index: 15;\">71,270<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 415px; z-index: 15;\">17,108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 415px; z-index: 15;\">1,629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 415px; z-index: 15;\">1,849<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 415px; z-index: 15;\">(1,633)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 415px; z-index: 15;\">90,223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 415px; z-index: 15;\">2,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 415px; z-index: 15;\">(1,084)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 415px; z-index: 15;\">91,672<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 399px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 385px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 385px; z-index: 15;\">1,747<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 385px; z-index: 15;\">2,043<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 427px; bottom: 385px; z-index: 15;\">4,394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 385px; z-index: 15;\">(103)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 385px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 385px; z-index: 15;\">8,080<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 664px; bottom: 385px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 385px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 385px; z-index: 15;\">7,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 370px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 370px; z-index: 15;\">900<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 370px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 370px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 370px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 370px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 370px; z-index: 15;\">1,049<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 370px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 370px; z-index: 15;\">1</div>\n<div class=\"t m0 x196 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 370px; z-index: 15;\">1,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff217 fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 355px; z-index: 15;\">Total equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 355px; z-index: 15;\">2,647<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 355px; z-index: 15;\">2,125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 355px; z-index: 15;\">4,461<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 355px; z-index: 15;\">(103)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 558px; bottom: 355px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 355px; z-index: 15;\">9,129<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 664px; bottom: 355px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 735px; bottom: 355px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 355px; z-index: 15;\">8,632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff217 fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 326px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span> and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x151 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 326px; z-index: 15;\">73,917<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 326px; z-index: 15;\">19,233<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 326px; z-index: 15;\">6,090<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 326px; z-index: 15;\">1,746<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 326px; z-index: 15;\">(1,634)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 326px; z-index: 15;\">99,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 326px; z-index: 15;\">2,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 326px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 326px; z-index: 15;\">100,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff217 fs3c fc1f sc0 lsef ws15f\" style=\"left: 69px; bottom: 296px; z-index: 15;\">Numb<span class=\"_ _2\"></span>er of <span class=\"ws10a\">emplo<span class=\"_ _2\"></span>yees<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 296px; z-index: 15;\">7,369<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 296px; z-index: 15;\">3,583<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 296px; z-index: 15;\">2,251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y70b ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 296px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 296px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 296px; z-index: 15;\">13,203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 670px; bottom: 296px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y70b ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 296px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 296px; z-index: 15;\">13,388<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 285px; height: 821px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 315px; bottom: 1034px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 369px; bottom: 1034px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff219 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 432px; bottom: 1034px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 458px; bottom: 1034px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y601 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 520px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff219 fs3c fc1f sc0 lse7 ws109\" style=\"left: 606px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 587px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y601 ff219 fs3c fc1f sc0 lsef ws10a\" style=\"left: 721px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 697px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff219 fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff219 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 1004px; z-index: 15;\">655<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 1004px; z-index: 15;\">405<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 1004px; z-index: 15;\">4</div>\n<div class=\"t m0 x11c h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 1004px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1004px; z-index: 15;\">1,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 1004px; z-index: 15;\">724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1004px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 989px; z-index: 15;\">47,331<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 989px; z-index: 15;\">11,161<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 989px; z-index: 15;\">1,458<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 989px; z-index: 15;\">59,950<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 989px; z-index: 15;\">5</div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 989px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 989px; z-index: 15;\">59,952<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 974px; z-index: 15;\">2,850<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 974px; z-index: 15;\">268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 974px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 974px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 974px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 959px; z-index: 15;\">13,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 959px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 959px; z-index: 15;\">85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 959px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 959px; z-index: 15;\">14,047<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 959px; z-index: 15;\">1,315<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 959px; z-index: 15;\">(870)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 959px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Investments related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 945px; z-index: 15;\">12,387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 945px; z-index: 15;\">6,512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 930px; z-index: 15;\">370<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 930px; z-index: 15;\">146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 426px; bottom: 930px; z-index: 15;\">4,811<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 930px; z-index: 15;\">5,327<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 930px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 930px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 930px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 915px; z-index: 15;\">1,353<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 915px; z-index: 15;\">2,119<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 915px; z-index: 15;\">9</div>\n<div class=\"t m0 x11c h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 915px; z-index: 15;\">151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 915px; z-index: 15;\">(1,575)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 915px; z-index: 15;\">2,057<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 915px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 915px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 915px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Current tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 900px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 900px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Deferred tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 885px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 885px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 885px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Accrued <span class=\"wsf3\">interest and other assets<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 870px; z-index: 15;\">1,493<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 870px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 870px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 870px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 870px; z-index: 15;\">1,987<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 870px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 870px; z-index: 15;\">(102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 870px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 855px; z-index: 15;\">1,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 855px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 855px; z-index: 15;\">2</div>\n<div class=\"t m0 x160 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 855px; z-index: 15;\">1,724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 855px; z-index: 15;\">8</div>\n<div class=\"t m0 x160 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 855px; z-index: 15;\">1,732<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 841px; z-index: 15;\">604<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 841px; z-index: 15;\">718<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 841px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 841px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Assets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 811px; z-index: 15;\">82,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 811px; z-index: 15;\">22,290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 426px; bottom: 811px; z-index: 15;\">4,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 811px; z-index: 15;\">1,996<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 811px; z-index: 15;\">(1,590)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 811px; z-index: 15;\">109,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 811px; z-index: 15;\">2,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 811px; z-index: 15;\">(1,087)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 811px; z-index: 15;\">111,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Liabilities arising from <span class=\"_ _0\"></span>Life insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 766px; z-index: 15;\">25,008<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 766px; z-index: 15;\">3,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 766px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 766px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 766px; z-index: 15;\">28,688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 730px; bottom: 766px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 766px; z-index: 15;\">28,673<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Liabilities arising from Life investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 752px; z-index: 15;\">25,609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 752px; z-index: 15;\">5,008<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Liabilities related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 737px; z-index: 15;\">12,387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 737px; z-index: 15;\">6,515<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 737px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Liabilities arising from Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 722px; z-index: 15;\">4,345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 722px; z-index: 15;\">3,449<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y632 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 722px; z-index: 15;\">1,643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 722px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y632 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y632 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 707px; z-index: 15;\">1,143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 707px; z-index: 15;\">317<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 707px; z-index: 15;\">1,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 707px; z-index: 15;\">2,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 707px; z-index: 15;\">(830)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 707px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 692px; z-index: 15;\">3,608<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 692px; z-index: 15;\">45<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 ydd0 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 692px; z-index: 15;\">2</div>\n<div class=\"t m0 x160 h52 ydd0 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 692px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 692px; z-index: 15;\">3,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 ydd0 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 692px; z-index: 15;\">6</div>\n<div class=\"t m0 x11c h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 730px; bottom: 692px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 692px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Current tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 677px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 677px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 677px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 677px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Deferred tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 662px; z-index: 15;\">878<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 662px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y63a ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 662px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 662px; z-index: 15;\">956<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 662px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y63a ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 662px; z-index: 15;\">971<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff219 fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 648px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 648px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 648px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 633px; z-index: 15;\">2,250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 633px; z-index: 15;\">509<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 633px; z-index: 15;\">9</div>\n<div class=\"t m0 x11c h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 633px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 633px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 633px; z-index: 15;\">2,903<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 633px; z-index: 15;\">131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 633px; z-index: 15;\">(200)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 633px; z-index: 15;\">2,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 618px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 618px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 618px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 618px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 618px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff21c fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 603px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 603px; z-index: 15;\">75,299<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 603px; z-index: 15;\">19,602<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 439px; bottom: 603px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 603px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 603px; z-index: 15;\">(1,590)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 603px; z-index: 15;\">95,148<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 603px; z-index: 15;\">2,904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 603px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 603px; z-index: 15;\">96,967<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 573px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 573px; z-index: 15;\">5,025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 573px; z-index: 15;\">2,400<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 426px; bottom: 573px; z-index: 15;\">4,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 573px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 573px; z-index: 15;\">3</div>\n<div class=\"t m0 x19e h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 573px; z-index: 15;\">12,413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 664px; bottom: 573px; z-index: 15;\">(493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 573px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 573px; z-index: 15;\">11,914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 558px; z-index: 15;\">1,969<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 558px; z-index: 15;\">288<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 558px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 558px; z-index: 15;\">2,254<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 558px; z-index: 15;\">4</div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 558px; z-index: 15;\">2,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff21c fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Total equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 544px; z-index: 15;\">6,994<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 544px; z-index: 15;\">2,688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 426px; bottom: 544px; z-index: 15;\">4,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 493px; bottom: 544px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 544px; z-index: 15;\">14,667<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 664px; bottom: 544px; z-index: 15;\">(493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 735px; bottom: 544px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 544px; z-index: 15;\">14,172<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff21c fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 514px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span> and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x151 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 514px; z-index: 15;\">82,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 514px; z-index: 15;\">22,290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 426px; bottom: 514px; z-index: 15;\">4,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 514px; z-index: 15;\">1,996<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 514px; z-index: 15;\">(1,590)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 514px; z-index: 15;\">109,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 514px; z-index: 15;\">2,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 514px; z-index: 15;\">(1,087)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 514px; z-index: 15;\">111,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff21c fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Number<span class=\"_ _0\"></span> of empl<span class=\"_ _0\"></span>oyees<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 484px; z-index: 15;\">6,111<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 484px; z-index: 15;\">3,752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 439px; bottom: 484px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y638 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y638 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 484px; z-index: 15;\">9,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 670px; bottom: 484px; z-index: 15;\">169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y638 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 484px; z-index: 15;\">10,101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 473px; height: 570px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff220 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">8.9<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff220 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Income <span class=\"ls101 ws11b\">statement by operating segment<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 316px; bottom: 1034px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 1034px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff21e fs3c fc1f sc0 lse5 wsf5\" style=\"left: 444px; bottom: 1034px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 467px; bottom: 1034px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 526px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff21e fs3c fc1f sc0 lse7 ws109\" style=\"left: 609px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 590px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 652px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff21e fs3c fc1f sc0 lsef ws10a\" style=\"left: 717px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff21e fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff21e fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 629px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 742px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lsed wsff\">Gross pre<span class=\"_ _0\"></span>mium inco<span class=\"_ _2b\"></span>me<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 1004px; z-index: 15;\">5,831<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 1004px; z-index: 15;\">2,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 1004px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 1004px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 1004px; z-index: 15;\">(1,497)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 1004px; z-index: 15;\">8,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 1004px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 1004px; z-index: 15;\">8,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 989px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Change in unearned premiums</span> </div>\n<div class=\"t m0 x163 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 989px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 395px; bottom: 989px; z-index: 15;\">79<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 507px; bottom: 989px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 989px; z-index: 15;\">(27)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 989px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 989px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 989px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Ceded earned premiums</span> </div>\n<div class=\"t m0 x152 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 974px; z-index: 15;\">(853)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 376px; bottom: 974px; z-index: 15;\">(1,013)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 974px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 974px; z-index: 15;\">(91)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 974px; z-index: 15;\">1,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 974px; z-index: 15;\">(466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 974px; z-index: 15;\">(466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 959px; z-index: 15;\">4,955<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 959px; z-index: 15;\">2,017<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 959px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 959px; z-index: 15;\">1,500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 959px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 959px; z-index: 15;\">8,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 959px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 959px; z-index: 15;\">8,507<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Interest, dividend and othe<span class=\"_ _0\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">investment income</span> </div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 930px; z-index: 15;\">2,386<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 930px; z-index: 15;\">208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 930px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 507px; bottom: 930px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 930px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 930px; z-index: 15;\">2,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 930px; z-index: 15;\">45<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 726px; bottom: 930px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 930px; z-index: 15;\">2,648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Unrealised gain (loss) <span class=\"_ _0\"></span>on RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 915px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 915px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Result on sales and re<span class=\"_ _0\"></span>valuations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 900px; z-index: 15;\">313<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 900px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 900px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 900px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 900px; z-index: 15;\">465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 900px; z-index: 15;\">155<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 737px; bottom: 900px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 900px; z-index: 15;\">621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff21e fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome relate<span class=\"_ _2\"></span>d to invest<span class=\"_ _2\"></span>ments fo<span class=\"_ _2\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 870px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">unit</span>-<span class=\"lse4 wsf6\">link<span class=\"_ _2\"></span>ed contrac<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 321px; bottom: 870px; z-index: 15;\">(1,844)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 870px; z-index: 15;\">(697)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 870px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 870px; z-index: 15;\">1</div>\n<div class=\"t m0 x11d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 870px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 870px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 855px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 855px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 855px; z-index: 15;\">253<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 855px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 855px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 841px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 841px; z-index: 15;\">436<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5ff ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 457px; bottom: 841px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f1 h52 y5ff ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 511px; bottom: 841px; z-index: 15;\">7</div>\n<div class=\"t m0 x152 h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 841px; z-index: 15;\">(507)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 841px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 841px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 826px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 395px; bottom: 826px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 826px; z-index: 15;\">309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 826px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 726px; bottom: 826px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 826px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff221 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 327px; bottom: 811px; z-index: 15;\">6,563<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 811px; z-index: 15;\">2,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 811px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 494px; bottom: 811px; z-index: 15;\">1,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 553px; bottom: 811px; z-index: 15;\">(539)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 811px; z-index: 15;\">10,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 811px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 726px; bottom: 811px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 771px; bottom: 811px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff222 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 629px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 742px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 629px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 742px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 766px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 321px; bottom: 766px; z-index: 15;\">(5,468)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 376px; bottom: 766px; z-index: 15;\">(2,110)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 766px; z-index: 15;\">(87)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 766px; z-index: 15;\">(993)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 559px; bottom: 766px; z-index: 15;\">923<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 766px; z-index: 15;\">(7,735)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y605 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y605 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 737px; bottom: 766px; z-index: 15;\">3</div>\n<div class=\"t m0 x11d h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 766px; z-index: 15;\">(7,732)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, ce<span class=\"_ _0\"></span>ded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11c h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 752px; z-index: 15;\">536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 752px; z-index: 15;\">570<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 752px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 507px; bottom: 752px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 752px; z-index: 15;\">(896)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 752px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 752px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Insurance claims and benefits,<span class=\"_ _0\"></span> net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 321px; bottom: 737px; z-index: 15;\">(4,932)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 376px; bottom: 737px; z-index: 15;\">(1,540)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 737px; z-index: 15;\">(88)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 737px; z-index: 15;\">(954)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 737px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 737px; z-index: 15;\">(7,487)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 737px; bottom: 737px; z-index: 15;\">3</div>\n<div class=\"t m0 x11d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 737px; z-index: 15;\">(7,484)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Charges related to unit<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked contracts</span> </span></div>\n<div class=\"t m0 x21f h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 722px; z-index: 15;\">1,721<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 722px; z-index: 15;\">655<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 722px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 722px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 722px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Financing costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 707px; z-index: 15;\">(134)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 707px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 707px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 707px; z-index: 15;\">(154)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 669px; bottom: 707px; z-index: 15;\">(72)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 707px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 707px; z-index: 15;\">(187)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Change in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 692px; z-index: 15;\">(119)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 692px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 692px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 692px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 692px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Change in provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 345px; bottom: 677px; z-index: 15;\">2</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 677px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 677px; z-index: 15;\">4</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 677px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y63a ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 662px; z-index: 15;\">(704)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 662px; z-index: 15;\">(406)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 662px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 662px; z-index: 15;\">(530)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 559px; bottom: 662px; z-index: 15;\">506<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 662px; z-index: 15;\">(1,138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 662px; z-index: 15;\">(1,138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 648px; z-index: 15;\">(622)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 648px; z-index: 15;\">(234)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 648px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 648px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 648px; z-index: 15;\">(889)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 669px; bottom: 648px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 737px; bottom: 648px; z-index: 15;\">3</div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 648px; z-index: 15;\">(922)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 633px; z-index: 15;\">(967)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 633px; z-index: 15;\">(375)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 633px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 633px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 633px; z-index: 15;\">6</div>\n<div class=\"t m0 x11d h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 633px; z-index: 15;\">(1,360)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 669px; bottom: 633px; z-index: 15;\">(74)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 633px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 633px; z-index: 15;\">(1,412)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Total expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 321px; bottom: 618px; z-index: 15;\">(5,755)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 376px; bottom: 618px; z-index: 15;\">(1,939)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 441px; bottom: 618px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 618px; z-index: 15;\">(1,498)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 559px; bottom: 618px; z-index: 15;\">539<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 618px; z-index: 15;\">(8,820)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 618px; z-index: 15;\">(178)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 733px; bottom: 618px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 618px; z-index: 15;\">(8,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 629px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 742px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 588px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 390px; bottom: 588px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 588px; z-index: 15;\">246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 588px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 607px; bottom: 588px; z-index: 15;\">1,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 588px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5ff ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 737px; bottom: 588px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 588px; z-index: 15;\">1,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff221 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff21e fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Tax inc<span class=\"_ _2\"></span>ome (expe<span class=\"_ _2\"></span>nses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 558px; z-index: 15;\">(169)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 558px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 558px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 558px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 669px; bottom: 558px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 558px; z-index: 15;\">(229)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff221 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Net result for the period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 529px; z-index: 15;\">639<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 390px; bottom: 529px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 529px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 529px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 607px; bottom: 529px; z-index: 15;\">1,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 529px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 737px; bottom: 529px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 529px; z-index: 15;\">1,223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 514px; z-index: 15;\">Attributable to <span class=\"lsec wsfe\">non<span class=\"ls0 ws0\">-</span></span>controlling interests<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 514px; z-index: 15;\">175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 395px; bottom: 514px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y638 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 514px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y638 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 514px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o shareholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 499px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 390px; bottom: 499px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 499px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 499px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 615px; bottom: 499px; z-index: 15;\">857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 499px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5f4 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 737px; bottom: 499px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 499px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Total income from external<span class=\"_ _0\"></span> customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 469px; z-index: 15;\">6,917<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 469px; z-index: 15;\">2,739<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 469px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 469px; z-index: 15;\">10,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 469px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 469px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">Total income internal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 454px; z-index: 15;\">(354)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 454px; z-index: 15;\">(608)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 454px; z-index: 15;\">1,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 454px; z-index: 15;\">(539)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 454px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 454px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 726px; bottom: 454px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff221 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 440px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 327px; bottom: 440px; z-index: 15;\">6,563<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 440px; z-index: 15;\">2,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 440px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 494px; bottom: 440px; z-index: 15;\">1,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 553px; bottom: 440px; z-index: 15;\">(539)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 440px; z-index: 15;\">10,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 440px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 726px; bottom: 440px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 771px; bottom: 440px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y172b ff21e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y172c ff21e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y172d ff21e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Gross inflow (s<span class=\"_ _2\"></span>um of gross written premiums and<span class=\"_ _2\"></span> premium inflow from investmen<span class=\"_ _2\"></span>t contracts without discre<span class=\"_ _2\"></span>tionary participation <span class=\"lse0 wsf0\">features) can b<span class=\"_ _0\"></span>e <span class=\"wsef\">present<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y172e ff21e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y172f ff21e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 460px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 330px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 316px; bottom: 330px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 330px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff21e fs3c fc1f sc0 lse5 wsf5\" style=\"left: 443px; bottom: 330px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 467px; bottom: 330px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5f7 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 345px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 526px; bottom: 330px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff21e fs3c fc1f sc0 lse7 ws109\" style=\"left: 609px; bottom: 345px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 590px; bottom: 330px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 345px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 652px; bottom: 330px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f7 ff21e fs3c fc1f sc0 lsef ws10a\" style=\"left: 717px; bottom: 345px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 330px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 330px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff221 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 460px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 300px; z-index: 15;\">Gross pre<span class=\"_ _2b\"></span>mium income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 300px; z-index: 15;\">5,831<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 300px; z-index: 15;\">2,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 300px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 300px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 300px; z-index: 15;\">(1,497)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 300px; z-index: 15;\">8,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 300px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 300px; z-index: 15;\">8,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 285px; z-index: 15;\">Inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y647 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 285px; z-index: 15;\">778<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y647 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 285px; z-index: 15;\">561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 460px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y647 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 285px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y647 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 285px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff221 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 270px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 327px; bottom: 270px; z-index: 15;\">6,609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 270px; z-index: 15;\">3,512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 451px; bottom: 270px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 494px; bottom: 270px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 270px; z-index: 15;\">(1,497)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 270px; z-index: 15;\">10,271<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 731px; bottom: 270px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 270px; z-index: 15;\">10,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 259px; height: 847px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 321px; bottom: 1034px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 380px; bottom: 1034px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y603 ff224 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 446px; bottom: 1034px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 471px; bottom: 1034px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 536px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 526px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff224 fs3c fc1f sc0 lse7 ws109\" style=\"left: 612px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 593px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y601 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff224 fs3c fc1f sc0 lsef ws10a\" style=\"left: 719px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff224 fs3c fc1f sc0 lse7 ws109\" style=\"left: 778px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff224 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 744px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lsed wsff\">Gross pre<span class=\"_ _0\"></span>mium inco<span class=\"_ _2b\"></span>me<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 1004px; z-index: 15;\">5,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 1004px; z-index: 15;\">3,181<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 1004px; z-index: 15;\">1,623<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 1004px; z-index: 15;\">(1,571)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 1004px; z-index: 15;\">8,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 1004px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1004px; z-index: 15;\">8,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 989px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Change in unearned premiums</span> </div>\n<div class=\"t m0 x9 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 343px; bottom: 989px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 989px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 503px; bottom: 989px; z-index: 15;\">(61)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 566px; bottom: 989px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 623px; bottom: 989px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 989px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 989px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Ceded earned premiums</span> </div>\n<div class=\"t m0 x152 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 974px; z-index: 15;\">(806)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 974px; z-index: 15;\">(1,050)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 503px; bottom: 974px; z-index: 15;\">(83)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 974px; z-index: 15;\">1,479<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 974px; z-index: 15;\">(460)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 974px; z-index: 15;\">(460)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 959px; z-index: 15;\">4,934<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 959px; z-index: 15;\">2,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 959px; z-index: 15;\">1,479<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 959px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 959px; z-index: 15;\">8,536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 959px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 959px; z-index: 15;\">8,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Interest, dividend and othe<span class=\"_ _0\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">investment income</span> </div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 930px; z-index: 15;\">2,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 930px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 930px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 930px; z-index: 15;\">2,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 930px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 930px; z-index: 15;\">(37)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 930px; z-index: 15;\">2,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Unrealised gain <span class=\"lsf0 wsff\">(loss) on RPN(I<span class=\"_ _2\"></span>)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 667px; bottom: 915px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 915px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Result on sales and re<span class=\"_ _0\"></span>valuations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 900px; z-index: 15;\">240<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 515px; bottom: 900px; z-index: 15;\">3</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 900px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 900px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 900px; z-index: 15;\">2</div>\n<div class=\"t m0 x163 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 900px; z-index: 15;\">294<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff224 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome relate<span class=\"_ _2\"></span>d to invest<span class=\"_ _2\"></span>ments fo<span class=\"_ _2\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 870px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">unit</span>-<span class=\"lse4 wsf6\">link<span class=\"_ _2\"></span>ed contrac<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 870px; z-index: 15;\">1,062<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 870px; z-index: 15;\">344<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 870px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 870px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 345px; bottom: 855px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 855px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 448px; bottom: 855px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 855px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 855px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 855px; z-index: 15;\">1</div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 855px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 841px; z-index: 15;\">506<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 841px; z-index: 15;\">488<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5ff ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 515px; bottom: 841px; z-index: 15;\">7</div>\n<div class=\"t m0 x152 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 841px; z-index: 15;\">(534)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 841px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 841px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 826px; z-index: 15;\">234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 826px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 826px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 826px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y601 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 826px; z-index: 15;\">8</div>\n<div class=\"t m0 x31c h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 826px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 826px; z-index: 15;\">282<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff224 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 811px; z-index: 15;\">9,176<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 811px; z-index: 15;\">3,341<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 811px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 811px; z-index: 15;\">1,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 555px; bottom: 811px; z-index: 15;\">(566)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 811px; z-index: 15;\">13,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 670px; bottom: 811px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 811px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 770px; bottom: 811px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 744px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 744px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 766px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 766px; z-index: 15;\">(5,574)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 766px; z-index: 15;\">(2,121)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y605 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 766px; z-index: 15;\">(892)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 559px; bottom: 766px; z-index: 15;\">827<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 766px; z-index: 15;\">(7,760)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y605 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y605 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 766px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 766px; z-index: 15;\">(7,757)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, ce<span class=\"_ _0\"></span>ded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x163 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 752px; z-index: 15;\">513<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 752px; z-index: 15;\">539<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 752px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 752px; z-index: 15;\">(801)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 752px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 752px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Insurance claims and benefits,<span class=\"_ _0\"></span> net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 737px; z-index: 15;\">(5,061)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 737px; z-index: 15;\">(1,582)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 737px; z-index: 15;\">(857)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 566px; bottom: 737px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 737px; z-index: 15;\">(7,474)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 737px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 737px; z-index: 15;\">(7,471)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Charges related to unit<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked contracts</span> </span></div>\n<div class=\"t m0 x196 h52 y632 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 722px; z-index: 15;\">(1,167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y632 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 722px; z-index: 15;\">(405)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y632 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 722px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y632 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 722px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Financing costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 707px; z-index: 15;\">(88)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 707px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 707px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 570px; bottom: 707px; z-index: 15;\">1</div>\n<div class=\"t m0 x152 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 707px; z-index: 15;\">(106)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 707px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 707px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 707px; z-index: 15;\">(138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Change in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 692px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 398px; bottom: 692px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 692px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 692px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Change in provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 677px; z-index: 15;\">2</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 677px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 677px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 677px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 662px; z-index: 15;\">(718)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 662px; z-index: 15;\">(472)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 662px; z-index: 15;\">(558)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 559px; bottom: 662px; z-index: 15;\">535<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 662px; z-index: 15;\">(1,213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 662px; z-index: 15;\">(1,213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 648px; z-index: 15;\">(560)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 648px; z-index: 15;\">(237)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 648px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 648px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 570px; bottom: 648px; z-index: 15;\">0</div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 648px; z-index: 15;\">(821)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 648px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 648px; z-index: 15;\">4</div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 648px; z-index: 15;\">(852)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 633px; z-index: 15;\">(872)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 633px; z-index: 15;\">(351)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 453px; bottom: 633px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 633px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 570px; bottom: 633px; z-index: 15;\">4</div>\n<div class=\"t m0 x196 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 633px; z-index: 15;\">(1,228)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 633px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 633px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 633px; z-index: 15;\">(1,269)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Total expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 618px; z-index: 15;\">(8,502)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 380px; bottom: 618px; z-index: 15;\">(3,068)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 618px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 618px; z-index: 15;\">(1,423)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 559px; bottom: 618px; z-index: 15;\">566<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 618px; z-index: 15;\">(12,453)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 667px; bottom: 618px; z-index: 15;\">(150)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 735px; bottom: 618px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 618px; z-index: 15;\">(12,541)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 744px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 338px; bottom: 588px; z-index: 15;\">674<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 393px; bottom: 588px; z-index: 15;\">273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 588px; z-index: 15;\">403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 588px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 588px; z-index: 15;\">1,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 667px; bottom: 588px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5ff ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 739px; bottom: 588px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 588px; z-index: 15;\">1,231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Tax inc<span class=\"_ _2\"></span>ome (expe<span class=\"_ _2\"></span>nses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 558px; z-index: 15;\">(136)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 558px; z-index: 15;\">(59)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 558px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 558px; z-index: 15;\">(196)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 558px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 558px; z-index: 15;\">(215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff227 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Net result for the period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 338px; bottom: 529px; z-index: 15;\">538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 393px; bottom: 529px; z-index: 15;\">214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 529px; z-index: 15;\">403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 529px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 564px; bottom: 529px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 529px; z-index: 15;\">1,241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 667px; bottom: 529px; z-index: 15;\">(227)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 739px; bottom: 529px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 529px; z-index: 15;\">1,016<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 514px; z-index: 15;\">Attributable to non<span class=\"ls0 ws0\">-</span>controlling interests<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 514px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 514px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 514px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 514px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 514px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o shareholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 338px; bottom: 499px; z-index: 15;\">400<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 393px; bottom: 499px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 499px; z-index: 15;\">403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 499px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 499px; z-index: 15;\">1,070<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 667px; bottom: 499px; z-index: 15;\">(227)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5f4 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 739px; bottom: 499px; z-index: 15;\">2</div>\n<div class=\"t m0 x163 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 499px; z-index: 15;\">845<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Total income from external<span class=\"_ _0\"></span> customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 469px; z-index: 15;\">9,502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 469px; z-index: 15;\">3,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 448px; bottom: 469px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 570px; bottom: 469px; z-index: 15;\">0</div>\n<div class=\"t m0 x11d h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 469px; z-index: 15;\">13,868<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 469px; z-index: 15;\">(96)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 469px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">Total income internal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 454px; z-index: 15;\">(326)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 454px; z-index: 15;\">(596)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 454px; z-index: 15;\">1,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 454px; z-index: 15;\">(566)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 623px; bottom: 454px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 454px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 454px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff227 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 440px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 440px; z-index: 15;\">9,176<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 440px; z-index: 15;\">3,341<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 440px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 440px; z-index: 15;\">1,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 555px; bottom: 440px; z-index: 15;\">(566)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 440px; z-index: 15;\">13,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 670px; bottom: 440px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 440px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 770px; bottom: 440px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y172b ff224 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y172c ff224 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y172d ff224 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Gross inflow (s<span class=\"_ _2\"></span>um of gross written premiums and<span class=\"_ _2\"></span> premium inflow from investmen<span class=\"_ _2\"></span>t contracts without discre<span class=\"_ _2\"></span>tionary participation <span class=\"lse0 wsf0\">features) can b<span class=\"_ _0\"></span>e <span class=\"wsef\">present<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y172e ff224 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y172f ff224 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 330px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 321px; bottom: 330px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 380px; bottom: 330px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff224 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 446px; bottom: 330px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 471px; bottom: 330px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5f7 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 536px; bottom: 345px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 526px; bottom: 330px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff224 fs3c fc1f sc0 lse7 ws109\" style=\"left: 612px; bottom: 345px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 593px; bottom: 330px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f7 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 345px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 330px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f7 ff224 fs3c fc1f sc0 lsef ws10a\" style=\"left: 719px; bottom: 345px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 330px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc1f sc0 lse7 ws109\" style=\"left: 778px; bottom: 330px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 300px; z-index: 15;\">Gross pre<span class=\"_ _2b\"></span>mium income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 300px; z-index: 15;\">5,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 300px; z-index: 15;\">3,181<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 300px; z-index: 15;\">1,623<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 300px; z-index: 15;\">(1,571)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 300px; z-index: 15;\">8,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 300px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 300px; z-index: 15;\">8,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 285px; z-index: 15;\">Inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 285px; z-index: 15;\">927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 285px; z-index: 15;\">900<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 285px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 285px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 285px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff227 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 270px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 270px; z-index: 15;\">6,675<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 270px; z-index: 15;\">4,081<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 270px; z-index: 15;\">1,623<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 546px; bottom: 270px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 270px; z-index: 15;\">10,807<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 733px; bottom: 270px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 770px; bottom: 270px; z-index: 15;\">10,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 259px; height: 784px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff22c fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls103 ws11f\">.10</span> </div>\n<div class=\"t m0 x7 h6a y79d ff22c fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">State<span class=\"_ _2\"></span>ment of <span class=\"_ _2\"></span>financi<span class=\"_ _2\"></span>al posit<span class=\"_ _2\"></span>ion spli<span class=\"_ _2\"></span>t into <span class=\"_ _2\"></span>Life a<span class=\"_ _2\"></span>nd Non<span class=\"ls0 ws0\">-<span class=\"ls112 ws133\">li<span class=\"_ _2\"></span>fe</span> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1034px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 1034px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x154 h52 y601 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y601 ff22a fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff22a fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1049px; z-index: 15;\"> </div>\n<div id=\"fs_U3AFMDVOA800000000000000000000\"><br/></div>\n<div class=\"t m0 x152 h52 y603 ff22a fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff22a fs3c fc1f sc0 lse5 wsf5\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1004px; z-index: 15;\">680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 1004px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 1004px; z-index: 15;\">994<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 1004px; z-index: 15;\">159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1004px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 989px; z-index: 15;\">40,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 989px; z-index: 15;\">6,170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 989px; z-index: 15;\">46,810<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 989px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 989px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 989px; z-index: 15;\">46,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 974px; z-index: 15;\">2,799<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 974px; z-index: 15;\">231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 974px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 974px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 959px; z-index: 15;\">13,693<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 959px; z-index: 15;\">1,279<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 959px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 959px; z-index: 15;\">14,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 959px; z-index: 15;\">1,465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 959px; z-index: 15;\">(864)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 959px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Investments related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 945px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 945px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 945px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Equity accounted <span class=\"wsf4\">investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 930px; z-index: 15;\">4,098<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 930px; z-index: 15;\">810<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 930px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 930px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 930px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 930px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 915px; z-index: 15;\">419<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 915px; z-index: 15;\">1,882<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 915px; z-index: 15;\">(291)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 915px; z-index: 15;\">2,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 915px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 915px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 915px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Current tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 900px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 900px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 900px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 900px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Deferred tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 885px; z-index: 15;\">683<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 885px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 885px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 870px; z-index: 15;\">1,296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 870px; z-index: 15;\">558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 870px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 870px; z-index: 15;\">1,851<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 870px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 870px; z-index: 15;\">(107)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 870px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 855px; z-index: 15;\">1,858<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 855px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 855px; z-index: 15;\">2,200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 855px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 855px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 855px; z-index: 15;\">2,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 841px; z-index: 15;\">1,190<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 841px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 841px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 841px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Assets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 826px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 826px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 826px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 811px; z-index: 15;\">87,459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 463px; bottom: 811px; z-index: 15;\">12,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 811px; z-index: 15;\">(334)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 811px; z-index: 15;\">99,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 811px; z-index: 15;\">2,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 811px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 811px; z-index: 15;\">100,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Liabilities arising from <span class=\"_ _0\"></span>Life insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 766px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 766px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 766px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 766px; z-index: 15;\">25,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Liabilities arising from Life investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 752px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 752px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 752px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Liabilities related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 737px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 737px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 737px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Liabilities arising from Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y632 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 722px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y632 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y632 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 722px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 722px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 707px; z-index: 15;\">1,052<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 707px; z-index: 15;\">388<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 707px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 707px; z-index: 15;\">1,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 707px; z-index: 15;\">1,887<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 707px; z-index: 15;\">(769)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 707px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 692px; z-index: 15;\">3,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 692px; z-index: 15;\">397<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 692px; z-index: 15;\">3,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 692px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 692px; z-index: 15;\">(39)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 692px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Current tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 677px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 677px; z-index: 15;\">6</div>\n<div class=\"t m0 x19b h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 677px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 677px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 677px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff22a fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Defer<span class=\"_ _2\"></span>red tax<span class=\"_ _2\"></span> <span class=\"lse4 wsf4\">liabilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11c h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 662px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 662px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 662px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 662px; z-index: 15;\">376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 662px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 662px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22a fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 648px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 648px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 648px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 633px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 633px; z-index: 15;\">855<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 633px; z-index: 15;\">(290)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 633px; z-index: 15;\">2,615<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 633px; z-index: 15;\">272<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 633px; z-index: 15;\">(203)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 633px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 618px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 618px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 618px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 618px; z-index: 15;\">1</div>\n<div class=\"t m0 x1a3 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 618px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 603px; z-index: 15;\">Liabilities related to as<span class=\"_ _0\"></span>sets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 603px; z-index: 15;\">3,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 603px; z-index: 15;\">3,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 603px; z-index: 15;\">(55)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 603px; z-index: 15;\">3,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff22d fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse7 ws109\">liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19e h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 588px; z-index: 15;\">80,839<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 588px; z-index: 15;\">9,717<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 588px; z-index: 15;\">(333)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 588px; z-index: 15;\">90,223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 588px; z-index: 15;\">2,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 588px; z-index: 15;\">(1,084)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 588px; z-index: 15;\">91,672<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 558px; z-index: 15;\">5,692<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 558px; z-index: 15;\">2,393<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 558px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 558px; z-index: 15;\">8,080<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 558px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 558px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 558px; z-index: 15;\">7,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11c h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 544px; z-index: 15;\">928<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 544px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 544px; z-index: 15;\">4</div>\n<div class=\"t m0 x163 h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 544px; z-index: 15;\">1,049<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 544px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 544px; z-index: 15;\">1,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff22d fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Total equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 529px; z-index: 15;\">6,620<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 529px; z-index: 15;\">2,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 529px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 529px; z-index: 15;\">9,129<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 529px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 529px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 529px; z-index: 15;\">8,632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff22d fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse7 ws0\">liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span> and eq<span class=\"_ _0\"></span>uity<span class=\"ls0\"> </span></span></div>\n<div class=\"t m0 x19e h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 499px; z-index: 15;\">87,459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 463px; bottom: 499px; z-index: 15;\">12,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 499px; z-index: 15;\">(334)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 499px; z-index: 15;\">99,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 499px; z-index: 15;\">2,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 499px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 499px; z-index: 15;\">100,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff22d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Number<span class=\"_ _0\"></span> of empl<span class=\"_ _0\"></span>oyees<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 469px; z-index: 15;\">7,305<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 469px; z-index: 15;\">5,898<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y60e ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 469px; z-index: 15;\">13,203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 469px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y60e ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 469px; z-index: 15;\">13,388<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 458px; height: 648px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1034px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 1034px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x154 h52 y601 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y601 ff22f fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff22f fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff22f fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff22f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1004px; z-index: 15;\">773<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 1004px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 1004px; z-index: 15;\">1,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 1004px; z-index: 15;\">724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1004px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 989px; z-index: 15;\">52,720<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 989px; z-index: 15;\">7,229<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 989px; z-index: 15;\">1</div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 989px; z-index: 15;\">59,950<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 989px; z-index: 15;\">5</div>\n<div class=\"t m0 x9 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 989px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 989px; z-index: 15;\">59,952<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 974px; z-index: 15;\">2,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 974px; z-index: 15;\">209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 974px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 974px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 959px; z-index: 15;\">12,704<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 959px; z-index: 15;\">1,382<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 959px; z-index: 15;\">(39)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 959px; z-index: 15;\">14,047<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 959px; z-index: 15;\">1,315<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 959px; z-index: 15;\">(870)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 959px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Investments related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 930px; z-index: 15;\">4,535<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 930px; z-index: 15;\">792<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 930px; z-index: 15;\">5,327<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 930px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 930px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 930px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 915px; z-index: 15;\">457<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 915px; z-index: 15;\">1,959<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 915px; z-index: 15;\">(359)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 915px; z-index: 15;\">2,057<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 915px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 915px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 915px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Current tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 900px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 900px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff22f fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Defer<span class=\"_ _2\"></span>red tax<span class=\"_ _2\"></span> <span class=\"wsfe\">assets<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 885px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 885px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 885px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 870px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 870px; z-index: 15;\">836<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 870px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 870px; z-index: 15;\">1,987<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 870px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 870px; z-index: 15;\">(102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 870px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 855px; z-index: 15;\">1,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 855px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 855px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 855px; z-index: 15;\">1,724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 855px; z-index: 15;\">8</div>\n<div class=\"t m0 x1a3 h52 y5f7 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 855px; z-index: 15;\">1,732<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 841px; z-index: 15;\">968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 841px; z-index: 15;\">353<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 841px; z-index: 15;\">1</div>\n<div class=\"t m0 x163 h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 841px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 841px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Assets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 826px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y601 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 826px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y601 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 826px; z-index: 15;\">1</div>\n<div class=\"t m0 x162 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 811px; z-index: 15;\">96,610<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 463px; bottom: 811px; z-index: 15;\">13,603<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 811px; z-index: 15;\">(398)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 811px; z-index: 15;\">109,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 811px; z-index: 15;\">2,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 811px; z-index: 15;\">(1,087)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 811px; z-index: 15;\">111,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Liabilities arising from <span class=\"_ _0\"></span>Life insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 766px; z-index: 15;\">28,688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y605 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 766px; z-index: 15;\">28,688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y605 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 766px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 766px; z-index: 15;\">28,673<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Liabilities arising from Life investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Liabilities related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Liabilities arising from Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y632 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y632 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y632 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 707px; z-index: 15;\">1,101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 707px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 707px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 707px; z-index: 15;\">1,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 707px; z-index: 15;\">2,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 707px; z-index: 15;\">(830)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 707px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 692px; z-index: 15;\">3,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 692px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 692px; z-index: 15;\">3,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 ydd0 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 692px; z-index: 15;\">6</div>\n<div class=\"t m0 x163 h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 692px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 692px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Current tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 677px; z-index: 15;\">7</div>\n<div class=\"t m0 x1f1 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 677px; z-index: 15;\">9</div>\n<div class=\"t m0 x1f0 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 677px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 677px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Deferred tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 662px; z-index: 15;\">768<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 662px; z-index: 15;\">188<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y63a ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 662px; z-index: 15;\">956<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 662px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 662px; z-index: 15;\">971<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22f fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 648px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 648px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 648px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 633px; z-index: 15;\">2,239<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 633px; z-index: 15;\">1,021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 633px; z-index: 15;\">(357)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 633px; z-index: 15;\">2,903<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 633px; z-index: 15;\">131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 633px; z-index: 15;\">(200)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 633px; z-index: 15;\">2,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 618px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 618px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 618px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 618px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 618px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff232 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 603px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 603px; z-index: 15;\">85,619<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 603px; z-index: 15;\">9,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 603px; z-index: 15;\">(397)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 603px; z-index: 15;\">95,148<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 603px; z-index: 15;\">2,904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 603px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 603px; z-index: 15;\">96,967<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 573px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 573px; z-index: 15;\">9,076<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 573px; z-index: 15;\">3,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 573px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 573px; z-index: 15;\">12,413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 573px; z-index: 15;\">(493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 573px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 573px; z-index: 15;\">11,914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 558px; z-index: 15;\">1,915<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 558px; z-index: 15;\">339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 558px; z-index: 15;\">2,254<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 558px; z-index: 15;\">4</div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 558px; z-index: 15;\">2,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff232 fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Total equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 544px; z-index: 15;\">10,991<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 544px; z-index: 15;\">3,677<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 544px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 544px; z-index: 15;\">14,667<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 544px; z-index: 15;\">(493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 544px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 544px; z-index: 15;\">14,172<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff232 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 514px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse7 ws0\">liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span> and eq<span class=\"_ _0\"></span>uity<span class=\"ls0\"> </span></span></div>\n<div class=\"t m0 x19e h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 514px; z-index: 15;\">96,610<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 463px; bottom: 514px; z-index: 15;\">13,603<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 514px; z-index: 15;\">(398)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 514px; z-index: 15;\">109,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 514px; z-index: 15;\">2,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 514px; z-index: 15;\">(1,087)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 514px; z-index: 15;\">111,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff232 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Number<span class=\"_ _0\"></span> of empl<span class=\"_ _0\"></span>oyees<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 484px; z-index: 15;\">3,969<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 484px; z-index: 15;\">5,962<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y638 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 484px; z-index: 15;\">9,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 484px; z-index: 15;\">169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 484px; z-index: 15;\">10,101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 473px; height: 570px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff236 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls10b ws12e\">.1</span>1</div>\n<div class=\"t m0 x7 h6a y79d ff236 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Income statement split into Life<span class=\"ls0 ws0\"> <span class=\"ls126 ws14b\">and</span> <span class=\"ls103 ws11f\">N<span class=\"_ _2\"></span>on</span>-<span class=\"ls112 ws133\">life</span> </span></div>\n<div class=\"t m0 x14d h54 y601 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1034px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 1034px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x154 h52 y601 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y601 ff234 fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff234 fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1049px; z-index: 15;\"> </div>\n<div id=\"fs_YPVQYNBMI800000000000000000000\"><br/></div>\n<div class=\"t m0 x152 h52 y603 ff234 fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff234 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lsed wsff\">Gross pre<span class=\"_ _0\"></span>mium inco<span class=\"_ _2b\"></span>me<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 1004px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 1004px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 1004px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 1004px; z-index: 15;\">8,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 1004px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1004px; z-index: 15;\">8,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 989px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Change in unearned premiums</span> </div>\n<div class=\"t m0 x1a3 h54 y5f2 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f2 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 989px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h54 y5f2 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 989px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5f2 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 989px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 989px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Ceded earned premiums</span> </div>\n<div class=\"t m0 x163 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 417px; bottom: 974px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 974px; z-index: 15;\">(450)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 974px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 974px; z-index: 15;\">(466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 974px; z-index: 15;\">(466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 959px; z-index: 15;\">4,276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 959px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 959px; z-index: 15;\">8,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 959px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 959px; z-index: 15;\">8,507<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Interest, dividend and othe<span class=\"_ _0\"></span>r investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 945px; z-index: 15;\">2,377<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 945px; z-index: 15;\">281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 945px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 945px; z-index: 15;\">2,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 945px; z-index: 15;\">45<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 945px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 945px; z-index: 15;\">2,648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Unrealised gain (loss) <span class=\"_ _0\"></span>on RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 930px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 930px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Result on sales and re<span class=\"_ _0\"></span>valuations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 915px; z-index: 15;\">353<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 915px; z-index: 15;\">112<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 915px; z-index: 15;\">465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 915px; z-index: 15;\">155<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 915px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 915px; z-index: 15;\">621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff234 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome relate<span class=\"_ _2\"></span>d to invest<span class=\"_ _2\"></span>ments fo<span class=\"_ _2\"></span>r <span class=\"lse4 wsf4\">unit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">linked contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x11d h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 900px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 900px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 900px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 885px; z-index: 15;\">254<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 885px; z-index: 15;\">7</div>\n<div class=\"t m0 x1f0 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 885px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 870px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 870px; z-index: 15;\">135<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 870px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 870px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 855px; z-index: 15;\">214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 855px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 855px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 855px; z-index: 15;\">309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 855px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 855px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 855px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff237 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 841px; z-index: 15;\">5,250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 841px; z-index: 15;\">4,866<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 540px; bottom: 841px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 841px; z-index: 15;\">10,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 841px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 722px; bottom: 841px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 841px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12f h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 374px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h54 y601 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 796px; z-index: 15;\">(4,822)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y601 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 796px; z-index: 15;\">(2,913)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y601 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y601 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 796px; z-index: 15;\">(7,735)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y601 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y601 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 796px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h54 y601 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 796px; z-index: 15;\">(7,732)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 781px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, ce<span class=\"_ _0\"></span>ded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 781px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 781px; z-index: 15;\">232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 781px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 781px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 781px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Insurance claims and benefits,<span class=\"_ _0\"></span> net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 766px; z-index: 15;\">(4,805)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 766px; z-index: 15;\">(2,681)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 766px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 766px; z-index: 15;\">(7,487)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 766px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 766px; z-index: 15;\">(7,484)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Charges related to unit<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked contracts</span> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 752px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 752px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 752px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Financing costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 737px; z-index: 15;\">(128)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 737px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 737px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 737px; z-index: 15;\">(154)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 737px; z-index: 15;\">(72)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 737px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 737px; z-index: 15;\">(187)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Change in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y632 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 722px; z-index: 15;\">(123)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y632 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 722px; z-index: 15;\">(44)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y632 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y632 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 722px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y632 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 722px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Change in provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 707px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 707px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 616px; bottom: 707px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 707px; z-index: 15;\">4</div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 707px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 692px; z-index: 15;\">(349)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 692px; z-index: 15;\">(789)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 692px; z-index: 15;\">(1,138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 692px; z-index: 15;\">(1,138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 677px; z-index: 15;\">(485)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 677px; z-index: 15;\">(404)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 677px; z-index: 15;\">(889)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 677px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 677px; z-index: 15;\">3</div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 677px; z-index: 15;\">(922)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 662px; z-index: 15;\">(801)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 662px; z-index: 15;\">(577)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 662px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 662px; z-index: 15;\">(1,360)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 662px; z-index: 15;\">(74)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 662px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 662px; z-index: 15;\">(1,412)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Total expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 405px; bottom: 648px; z-index: 15;\">(4,317)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 462px; bottom: 648px; z-index: 15;\">(4,522)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 546px; bottom: 648px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 648px; z-index: 15;\">(8,820)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 648px; z-index: 15;\">(178)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 729px; bottom: 648px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 648px; z-index: 15;\">(8,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 618px; z-index: 15;\">933<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 618px; z-index: 15;\">344<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 618px; z-index: 15;\">1,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 618px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 618px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 618px; z-index: 15;\">1,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff234 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Tax <span class=\"_ _2\"></span><span class=\"lsec ws100\">income (ex<span class=\"_ _2\"></span>penses)<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x152 h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 588px; z-index: 15;\">(140)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 588px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 588px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 588px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 588px; z-index: 15;\">(229)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff237 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Net result for the period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 558px; z-index: 15;\">793<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 558px; z-index: 15;\">276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 558px; z-index: 15;\">1,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 558px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 558px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 558px; z-index: 15;\">1,223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Attributable to non<span class=\"ls0 ws0\">-</span>controlling interests<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 544px; z-index: 15;\">161<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 544px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 544px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 544px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff237 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o shareholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 529px; z-index: 15;\">632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 529px; z-index: 15;\">225<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 529px; z-index: 15;\">857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 529px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 529px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 529px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Total income from external<span class=\"_ _0\"></span> customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 499px; z-index: 15;\">5,220<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 499px; z-index: 15;\">4,863<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 499px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 499px; z-index: 15;\">10,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 499px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 499px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Total income internal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 484px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 484px; z-index: 15;\">3</div>\n<div class=\"t m0 x19b h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 484px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 484px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 484px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 484px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff237 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 469px; z-index: 15;\">5,250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 469px; z-index: 15;\">4,866<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 540px; bottom: 469px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 469px; z-index: 15;\">10,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 469px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 722px; bottom: 469px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 469px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y173f ff234 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1740 ff234 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1741 ff234 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Gross inf<span class=\"_ _0\"></span>low (sum of gr<span class=\"_ _0\"></span>oss writt<span class=\"_ _2b\"></span>en premiums and pre<span class=\"_ _2b\"></span>mium inflow of inv<span class=\"_ _0\"></span>estment cont<span class=\"_ _2b\"></span>racts without D<span class=\"_ _0\"></span>iscreti<span class=\"_ _0\"></span>onary Pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _2b\"></span>ion Features) can b<span class=\"_ _2b\"></span>e <span class=\"lse2 wsf1\">p<span class=\"_ _2\"></span>resented<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1742 ff234 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 360px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1743 ff234 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 360px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 360px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y60e ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 375px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 360px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y60e ff234 fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 375px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 360px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 375px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 360px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y60e ff234 fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 375px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 360px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 360px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff234 fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 330px; z-index: 15;\">Gross pre<span class=\"_ _2b\"></span>mium income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 330px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 330px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 330px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 330px; z-index: 15;\">8,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 330px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 330px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 330px; z-index: 15;\">8,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 315px; z-index: 15;\">Inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 315px; z-index: 15;\">1,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 315px; z-index: 15;\">1</div>\n<div class=\"t m0 x163 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 315px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 315px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff237 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 300px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 300px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 300px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 300px; z-index: 15;\">10,271<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 300px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 300px; z-index: 15;\">10,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 289px; height: 817px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1034px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 1034px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x154 h52 y601 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y601 ff23a fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff23a fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff23a fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff23a fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lsed wsff\">Gross pre<span class=\"_ _0\"></span>mium inco<span class=\"_ _2b\"></span>me<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 1004px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 1004px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 1004px; z-index: 15;\">8,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 1004px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1004px; z-index: 15;\">8,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 989px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Change in unearned premiums</span> </div>\n<div class=\"t m0 x1a3 h54 y5f2 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f2 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 989px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f2 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 989px; z-index: 15;\">1</div>\n<div class=\"t m0 x162 h54 y5f2 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 989px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5f2 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 989px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 989px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Ceded earned premiums</span> </div>\n<div class=\"t m0 x163 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 417px; bottom: 974px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 974px; z-index: 15;\">(432)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 974px; z-index: 15;\">(460)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 974px; z-index: 15;\">(460)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 959px; z-index: 15;\">4,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 959px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 959px; z-index: 15;\">1</div>\n<div class=\"t m0 x163 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 959px; z-index: 15;\">8,536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 959px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 959px; z-index: 15;\">8,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Interest, dividend and othe<span class=\"_ _0\"></span>r investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 945px; z-index: 15;\">2,179<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 945px; z-index: 15;\">263<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 945px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 945px; z-index: 15;\">2,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 945px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 945px; z-index: 15;\">(37)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 945px; z-index: 15;\">2,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Unrealised gain (loss) <span class=\"_ _0\"></span>on RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 930px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 930px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Result on sales and re<span class=\"_ _0\"></span>valuations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 915px; z-index: 15;\">246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 915px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 915px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 915px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 915px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 915px; z-index: 15;\">294<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff23a fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome relate<span class=\"_ _2\"></span>d to invest<span class=\"_ _2\"></span>ments fo<span class=\"_ _2\"></span>r <span class=\"lse4 wsf4\">unit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">linked contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x21f h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 900px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 900px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 900px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 885px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 885px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 885px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 885px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 885px; z-index: 15;\">1</div>\n<div class=\"t m0 x1a3 h52 y60e ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 870px; z-index: 15;\">339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 870px; z-index: 15;\">127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 870px; z-index: 15;\">1</div>\n<div class=\"t m0 x19d h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 870px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 870px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 855px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 855px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 855px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 855px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 855px; z-index: 15;\">8</div>\n<div class=\"t m0 x163 h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 855px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 855px; z-index: 15;\">282<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff23d fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 841px; z-index: 15;\">9,150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 841px; z-index: 15;\">4,756<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 540px; bottom: 841px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 841px; z-index: 15;\">13,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 663px; bottom: 841px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 722px; bottom: 841px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 841px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12f h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 374px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h54 y601 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 796px; z-index: 15;\">(4,914)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y601 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 796px; z-index: 15;\">(2,847)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y601 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 796px; z-index: 15;\">1</div>\n<div class=\"t m0 x152 h54 y601 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 796px; z-index: 15;\">(7,760)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y601 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y601 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 796px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h54 y601 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 796px; z-index: 15;\">(7,757)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 781px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, ce<span class=\"_ _0\"></span>ded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 781px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 781px; z-index: 15;\">269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 781px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 781px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Insurance claims and benefits,<span class=\"_ _0\"></span> net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 766px; z-index: 15;\">(4,897)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 766px; z-index: 15;\">(2,578)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 766px; z-index: 15;\">1</div>\n<div class=\"t m0 x152 h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 766px; z-index: 15;\">(7,474)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 766px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 766px; z-index: 15;\">(7,471)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Charges related to unit<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked contracts</span> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 752px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 752px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 752px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Financing costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 417px; bottom: 737px; z-index: 15;\">(82)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 737px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 737px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 737px; z-index: 15;\">(106)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 737px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 737px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 737px; z-index: 15;\">(138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Change in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y632 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 417px; bottom: 722px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y632 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 722px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y632 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 722px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Change in provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 707px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 707px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 707px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 616px; bottom: 707px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 707px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 707px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 692px; z-index: 15;\">(410)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 692px; z-index: 15;\">(803)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 692px; z-index: 15;\">(1,213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 692px; z-index: 15;\">(1,213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 677px; z-index: 15;\">(417)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 677px; z-index: 15;\">(404)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 677px; z-index: 15;\">(821)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 677px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 677px; z-index: 15;\">4</div>\n<div class=\"t m0 x152 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 677px; z-index: 15;\">(852)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 662px; z-index: 15;\">(700)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 662px; z-index: 15;\">(541)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 662px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 662px; z-index: 15;\">(1,228)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 662px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 662px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 662px; z-index: 15;\">(1,269)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Total expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 405px; bottom: 648px; z-index: 15;\">(8,117)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 462px; bottom: 648px; z-index: 15;\">(4,351)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 546px; bottom: 648px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 648px; z-index: 15;\">(12,453)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 648px; z-index: 15;\">(150)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 729px; bottom: 648px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 648px; z-index: 15;\">(12,541)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 618px; z-index: 15;\">1,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 618px; z-index: 15;\">405<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 618px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 618px; z-index: 15;\">1,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 618px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 618px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 618px; z-index: 15;\">1,231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff23a fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Tax <span class=\"_ _2\"></span><span class=\"lsec ws100\">income (ex<span class=\"_ _2\"></span>penses)<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x152 h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 588px; z-index: 15;\">(145)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 588px; z-index: 15;\">(51)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 588px; z-index: 15;\">(196)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 588px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 588px; z-index: 15;\">(215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff23d fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Net result for the period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 558px; z-index: 15;\">888<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 558px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 558px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 558px; z-index: 15;\">1,241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 558px; z-index: 15;\">(227)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 558px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 558px; z-index: 15;\">1,016<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Attributable to non<span class=\"ls0 ws0\">-</span>controlling interests<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 544px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 544px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 544px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 544px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff23d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o shareholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 529px; z-index: 15;\">743<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 529px; z-index: 15;\">328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 529px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 529px; z-index: 15;\">1,070<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 529px; z-index: 15;\">(227)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 529px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 529px; z-index: 15;\">845<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Total income from external<span class=\"_ _0\"></span> customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 499px; z-index: 15;\">9,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 499px; z-index: 15;\">4,754<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 499px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 499px; z-index: 15;\">13,868<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 499px; z-index: 15;\">(96)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 499px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Total income internal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 484px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 484px; z-index: 15;\">2</div>\n<div class=\"t m0 x19b h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 484px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 484px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 484px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 484px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff23d fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 469px; z-index: 15;\">9,150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 469px; z-index: 15;\">4,756<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 540px; bottom: 469px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 469px; z-index: 15;\">13,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 663px; bottom: 469px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 722px; bottom: 469px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 469px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y173f ff23a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1740 ff23a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1741 ff23a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Gross inf<span class=\"_ _0\"></span>low (sum of gr<span class=\"_ _0\"></span>oss writt<span class=\"_ _2b\"></span>en premiums and pre<span class=\"_ _2b\"></span>mium inflow of inv<span class=\"_ _0\"></span>estment cont<span class=\"_ _2b\"></span>racts without D<span class=\"_ _0\"></span>iscreti<span class=\"_ _0\"></span>onary Pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _2b\"></span>ion Features) can b<span class=\"_ _2b\"></span>e <span class=\"lse2 wsf1\">p<span class=\"_ _2\"></span>resented<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1742 ff23a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1743 ff23a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 360px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 360px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 360px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x14d h52 y60e ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 442px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y60e ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 375px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 360px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y60e ff23a fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 375px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 360px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 375px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 360px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y60e ff23a fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 375px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 360px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 375px; z-index: 15;\"> </div>\n<div id=\"fs_AKPE6M29W000000000000000000000\"><br/></div>\n<div class=\"t m0 x152 h52 y5f9 ff23a fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 360px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff23a fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 330px; z-index: 15;\">Gross pre<span class=\"_ _2b\"></span>mium income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 330px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 330px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 330px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 330px; z-index: 15;\">8,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 330px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 330px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 330px; z-index: 15;\">8,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 315px; z-index: 15;\">Inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 315px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y63a ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 315px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 315px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff23d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 300px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 300px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 300px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 300px; z-index: 15;\">10,807<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 300px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 300px; z-index: 15;\">10,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 289px; height: 754px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff242 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls103 ws11f\">.12</span> </div>\n<div class=\"t m0 x7 h6a y79d ff242 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Operating result i<span class=\"_ _2\"></span>nsuranc<span class=\"ls0 ws0\">e </span></div>\n<div class=\"t m0 x7 h4f y79e ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">To analyse the in<span class=\"_ _2\"></span>surance results, Ageas uses t<span class=\"_ _2\"></span>he concept of operating</div>\n<div class=\"t m0 x7 h4f y79f ff240 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">result.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7a0 ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7a1 ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Operating re<span class=\"_ _2\"></span>sult includes net earned premium<span class=\"_ _2\"></span>s, fees and allocated</div>\n<div class=\"t m0 x7 h4f ya7f ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent income and reali<span class=\"_ _0\"></span>sed capit<span class=\"_ _0\"></span>al gains or los<span class=\"_ _0\"></span>ses min<span class=\"_ _0\"></span>us net claims<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f ya80 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and benef<span class=\"_ _0\"></span>its and all op<span class=\"_ _0\"></span>erating ex<span class=\"_ _2b\"></span>penses, includ<span class=\"_ _0\"></span>ing claim<span class=\"_ _0\"></span> handling</div>\n<div class=\"t m0 x7 h4f ya81 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span>, invest<span class=\"_ _0\"></span>ment expe<span class=\"_ _2b\"></span>nses, commissio<span class=\"_ _0\"></span>ns and othe<span class=\"_ _0\"></span>r expenses<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f ya82 ff240 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">allocat<span class=\"_ _0\"></span>ed to ins<span class=\"_ _2b\"></span>urance and/or i<span class=\"_ _2b\"></span>nvestment cont<span class=\"_ _2b\"></span>ract<span class=\"ls0 ws0\">s<span class=\"lsf4 ws10c\">. <span class=\"_ _2\"></span></span></span><span class=\"wsf0\">The dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f ya83 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">between o<span class=\"_ _2b\"></span>perating result an<span class=\"_ _2b\"></span>d result before tax<span class=\"_ _2b\"></span>ation consists of a<span class=\"_ _0\"></span>ll</div>\n<div class=\"t m0 x7 h4f ya84 ff240 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">inc<span class=\"lse0 wsf0\">ome an<span class=\"_ _0\"></span>d costs not all<span class=\"_ _0\"></span>ocated to i<span class=\"_ _2b\"></span>nsurance and/or i<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ent contracts </span></div>\n<div class=\"t m0 x7 h4f yacd ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and thus not r<span class=\"_ _0\"></span>eported i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the o<span class=\"_ _0\"></span>peratin<span class=\"_ _0\"></span>g result or r<span class=\"_ _0\"></span>esult fro<span class=\"_ _0\"></span>m non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y174c ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidated par<span class=\"_ _2\"></span>tnerships. The definition<span class=\"_ _2\"></span>s of the alternative performan<span class=\"_ _2\"></span>ce</div>\n<div class=\"t m0 x1a h4f y174d ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">measures are expla<span class=\"_ _2\"></span>ined below the tables. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y174e ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y174f ff240 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">Withi<span class=\"lse2 wsfa\">n its insurance <span class=\"_ _2\"></span>operating segments, Ag<span class=\"_ _2\"></span>eas manages its L<span class=\"_ _2\"></span>ife and </span></div>\n<div class=\"t m0 x1a h4f y1750 ff240 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"ws103\">life<span class=\"_ _2\"></span> businesses separately. Li<span class=\"_ _2\"></span>fe business includes insur<span class=\"_ _2\"></span>ance </span></div>\n<div class=\"t m0 x1a h4f y1751 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>cov<span class=\"_ _2b\"></span>ering risks relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to the lif<span class=\"_ _2b\"></span>e and death of indivi<span class=\"_ _0\"></span>duals. Lif<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y1752 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> also incl<span class=\"_ _0\"></span>udes inves<span class=\"_ _0\"></span>tment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> with and<span class=\"ls0 ws0\"> </span><span class=\"wsef\">wit<span class=\"_ _0\"></span>hout </span></div>\n<div class=\"t m0 x1a h4f y1753 ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">discretionary<span class=\"_ _2\"></span> participation features (DP<span class=\"_ _2\"></span>F). Non<span class=\"ls0 ws0\">-</span>life comprises<span class=\"_ _2\"></span> four lines</div>\n<div class=\"t m0 x1a h4f y1754 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of busine<span class=\"_ _0\"></span>ss: Acci<span class=\"_ _0\"></span>dent<span class=\"ls0 ws0\"> &amp; </span>Health, Mot<span class=\"_ _0\"></span>or, Fire and Ot<span class=\"_ _2b\"></span>her damage to</div>\n<div class=\"t m0 x1a h4f y1755 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">property<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>(cov<span class=\"_ _0\"></span>ering the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>risk of<span class=\"_ _0\"></span> property<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>losse<span class=\"_ _0\"></span>s or claims li<span class=\"_ _2b\"></span>abilities), and</div>\n<div class=\"t m0 x1a h4f y1756 ff240 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Other.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1757 ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1758 ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1759 ff240 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The ope<span class=\"_ _0\"></span>rating m<span class=\"_ _0\"></span>argin for t<span class=\"_ _2b\"></span>he different<span class=\"_ _0\"></span> segment<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>nes of bu<span class=\"_ _2b\"></span>siness and the r<span class=\"_ _2b\"></span>econciliation t<span class=\"_ _2b\"></span>o profit befo<span class=\"_ _2b\"></span>re taxation ar<span class=\"_ _0\"></span>e sh<span class=\"lse2 ws103\">own below.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y175a ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 798px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f8 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 318px; bottom: 798px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 350px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 373px; bottom: 798px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 402px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff240 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 436px; bottom: 798px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 454px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 798px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f8 h52 y603 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 813px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21b h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 521px; bottom: 798px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff240 fs3c fc1f sc0 lse7 ws109\" style=\"left: 608px; bottom: 813px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 798px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 655px; bottom: 813px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 655px; bottom: 798px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff240 fs3c fc1f sc0 lsef ws10a\" style=\"left: 724px; bottom: 813px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21b h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 798px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff240 fs3c fc1f sc0 lse7 ws109\" style=\"left: 778px; bottom: 813px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 798px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div id=\"fs_51TKU8DQ1S00000000000000000000\"><br/></div>\n<div class=\"t m0 x14d h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff240 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 768px; z-index: 15;\">Gross inflow Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 328px; bottom: 768px; z-index: 15;\">4,206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 768px; z-index: 15;\">1,355<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 444px; bottom: 768px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 768px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 768px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 768px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y638 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y638 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 768px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff240 fs3c fc14 sc0 ls109 ws125\" style=\"left: 69px; bottom: 753px; z-index: 15;\">Gross inflow Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 328px; bottom: 753px; z-index: 15;\">2,403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 753px; z-index: 15;\">2,157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 753px; z-index: 15;\">1,546<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 753px; z-index: 15;\">(1,466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 753px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 736px; bottom: 753px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 753px; z-index: 15;\">4,638<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Operating costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 738px; z-index: 15;\">(642)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 738px; z-index: 15;\">(447)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 438px; bottom: 738px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 738px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 564px; bottom: 738px; z-index: 15;\">3</div>\n<div class=\"t m0 x153 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 738px; z-index: 15;\">(1,102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 738px; z-index: 15;\">(1,102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 708px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Guaranteed products</span> </div>\n<div class=\"t m0 x19f h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 708px; z-index: 15;\">414<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 708px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 708px; z-index: 15;\">2</div>\n<div class=\"t m0 x1a3 h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 708px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 708px; z-index: 15;\">496<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 708px; z-index: 15;\">496<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 693px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Unit linked products</span> </div>\n<div class=\"t m0 x11c h54 ydd0 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 693px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 693px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 ydd0 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 693px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 ydd0 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 693px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 679px; z-index: 15;\">Life operating result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 679px; z-index: 15;\">469<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 679px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 679px; z-index: 15;\">2</div>\n<div class=\"t m0 x1a3 h52 y5fc ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 679px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 679px; z-index: 15;\">570<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5fc ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 679px; z-index: 15;\">570<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y63a ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 649px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Accident &amp; Health</span> </div>\n<div class=\"t m0 x11c h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 649px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 649px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 504px; bottom: 649px; z-index: 15;\">7</div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 649px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 649px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 634px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Motor</span> </div>\n<div class=\"t m0 x11c h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 634px; z-index: 15;\">76<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 634px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 504px; bottom: 634px; z-index: 15;\">6</div>\n<div class=\"t m0 x220 h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 634px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 634px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 634px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 619px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Fire <span class=\"wsf3\">and other damage to property</span></span> </div>\n<div class=\"t m0 x11c h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 619px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 386px; bottom: 619px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 619px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 504px; bottom: 619px; z-index: 15;\">8</div>\n<div class=\"t m0 x11e h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 564px; bottom: 619px; z-index: 15;\">3</div>\n<div class=\"t m0 x304 h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 619px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 619px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 619px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 619px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 604px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x11c h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 604px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 604px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 604px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 564px; bottom: 604px; z-index: 15;\">5</div>\n<div class=\"t m0 x304 h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 604px; z-index: 15;\">46<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 743px; bottom: 604px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 604px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 589px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsec ws100\">lif<span class=\"_ _2\"></span>e operati<span class=\"_ _2\"></span>ng result<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x19f h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 589px; z-index: 15;\">227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 589px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 589px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y603 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 589px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 589px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y603 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 589px; z-index: 15;\">287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 589px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y603 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 743px; bottom: 589px; z-index: 15;\">2</div>\n<div class=\"t m0 x19f h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 589px; z-index: 15;\">289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff244 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Operating result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 575px; z-index: 15;\">696<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 575px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y605 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 449px; bottom: 575px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 500px; bottom: 575px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 552px; bottom: 575px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 575px; z-index: 15;\">857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y605 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y605 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 743px; bottom: 575px; z-index: 15;\">2</div>\n<div class=\"t m0 x19f h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 784px; bottom: 575px; z-index: 15;\">859<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted<span class=\"ff244 ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 545px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">investments non <span class=\"wsf4\">allocated</span></span> </div>\n<div class=\"t m0 x19b h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y605 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 386px; bottom: 545px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y605 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 439px; bottom: 545px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y605 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 545px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h52 y605 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 545px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Other result, including brokerage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 530px; z-index: 15;\">112<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 530px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 530px; z-index: 15;\">9</div>\n<div class=\"t m0 x1a3 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 530px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 530px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 673px; bottom: 530px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 736px; bottom: 530px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 530px; z-index: 15;\">374<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff244 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 515px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 515px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 439px; bottom: 515px; z-index: 15;\">246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 500px; bottom: 515px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y638 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 568px; bottom: 515px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 515px; z-index: 15;\">1,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 673px; bottom: 515px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y638 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 743px; bottom: 515px; z-index: 15;\">1</div>\n<div class=\"t m0 x19e h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 515px; z-index: 15;\">1,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 350px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 402px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 454px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 568px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 799px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff244 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 486px; z-index: 15;\">Key performance indicators Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 350px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 402px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 454px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 568px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 799px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 471px; z-index: 15;\">Net underwriting margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 471px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.01%</span> </div>\n<div class=\"t m0 x154 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 471px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.33%</span> </div>\n<div class=\"t m0 x1f8 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 422px; bottom: 471px; z-index: 15;\">(4.92%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 478px; bottom: 471px; z-index: 15;\">(3.01%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 597px; bottom: 471px; z-index: 15;\">(0.04%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f8 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 471px; z-index: 15;\">(0.04%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff240 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 456px; z-index: 15;\">Investment margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.77%</span> </div>\n<div class=\"t m0 x154 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.39%</span> </div>\n<div class=\"t m0 x154 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 425px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">5.29%</span> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.80%</span> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.80%</span> </div>\n<div class=\"t m0 x14d h52 y63a ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 441px; z-index: 15;\">Operating margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.78%</span> </div>\n<div class=\"t m0 x154 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.72%</span> </div>\n<div class=\"t m0 x154 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 425px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.37%</span> </div>\n<div class=\"t m0 x198 h52 y63a ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 478px; bottom: 441px; z-index: 15;\">(3.01%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.76%</span> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.76%</span> </div>\n<div class=\"t m0 x14d h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 426px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf3\">O<span class=\"_ _2\"></span>perating<span class=\"_ _0\"></span> margin Guaranteed products<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x198 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.89%</span> </div>\n<div class=\"t m0 x154 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">1.05%</span> </div>\n<div class=\"t m0 x154 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 425px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.61%</span> </div>\n<div class=\"t m0 x198 h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 478px; bottom: 426px; z-index: 15;\">(3.01%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.91%</span> </div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.91%</span> </div>\n<div class=\"t m0 x14d h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 411px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf3\">O<span class=\"_ _2\"></span>perating<span class=\"_ _0\"></span> margin<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 396px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unit linked products</span> </div>\n<div class=\"t m0 x198 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 396px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.41%</span> </div>\n<div class=\"t m0 x154 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 396px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.31%</span> </div>\n<div class=\"t m0 x1f8 h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 422px; bottom: 396px; z-index: 15;\">(0.19%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 396px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.36%</span> </div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 396px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.36%</span> </div>\n<div class=\"t m0 x14d h52 y647 ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Life cost ratio in %<span class=\"_ _0\"></span> of Life technical<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 367px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">liabilities (annualised)</span> </div>\n<div class=\"t m0 x198 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.43%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.57%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 425px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">2.68%</span> </div>\n<div class=\"t m0 x11d h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">9.82%</span> </div>\n<div class=\"t m0 x161 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 367px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.51%</span> </div>\n<div class=\"t m0 x161 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 367px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 367px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.51%</span> </div>\n<div class=\"t m0 x14d h54 y608 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 337px; z-index: 15;\">Key performance indicators Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 322px; z-index: 15;\">Expe<span class=\"_ _2\"></span>nse ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.0%</span> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">32.0%</span> </div>\n<div class=\"t m0 x19b h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">36.4%</span> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.3%</span> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.3%</span> </div>\n<div class=\"t m0 x14d h52 y5f4 ff240 fs3c fc14 sc0 ls109 ws125\" style=\"left: 69px; bottom: 307px; z-index: 15;\">Claims ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">58.0%</span> </div>\n<div class=\"t m0 x154 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">66.4%</span> </div>\n<div class=\"t m0 x19b h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">62.9%</span> </div>\n<div class=\"t m0 x161 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">62.2%</span> </div>\n<div class=\"t m0 x161 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">62.2%</span> </div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 292px; z-index: 15;\">Combined ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">92.0%</span> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">98.4%</span> </div>\n<div class=\"t m0 x19b h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 292px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">99.3%</span> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 292px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">96.5%</span> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 292px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 292px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">96.5%</span> </div>\n<div class=\"t m0 x14d h52 y60e ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 278px; z-index: 15;\">Operating margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 278px; z-index: 15;\"> <span class=\"lse4 wsf4\">14.8%</span> </div>\n<div class=\"t m0 x19e h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 380px; bottom: 278px; z-index: 15;\"> <span class=\"lsec wsfe\">4.1<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x19b h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 278px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 278px; z-index: 15;\"> <span class=\"lsec wsfe\">2.1<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 278px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 606px; bottom: 278px; z-index: 15;\"> <span class=\"lsec wsfe\">6.8<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 278px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 278px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 775px; bottom: 278px; z-index: 15;\"> <span class=\"lsec wsfe\">6.8<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x14d h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff240 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 248px; z-index: 15;\">Technical Insurance liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 323px; bottom: 248px; z-index: 15;\">63,860<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 248px; z-index: 15;\">12,347<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 432px; bottom: 248px; z-index: 15;\">1,575<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 248px; z-index: 15;\">1,714<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 248px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 248px; z-index: 15;\">77,917<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 248px; z-index: 15;\"> </div>\n<div class=\"t m0 x220 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 248px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 248px; z-index: 15;\">77,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 237px; height: 869px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1066px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 315px; bottom: 1066px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 369px; bottom: 1066px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff246 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 433px; bottom: 1066px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 458px; bottom: 1066px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y647 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 1081px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 520px; bottom: 1066px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y647 ff246 fs3c fc1f sc0 lse7 ws109\" style=\"left: 606px; bottom: 1081px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 587px; bottom: 1066px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 1081px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 1066px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y647 ff246 fs3c fc1f sc0 lsef ws10a\" style=\"left: 721px; bottom: 1081px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 697px; bottom: 1066px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y647 ff246 fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 1081px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 770px; bottom: 1066px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Gross inflow Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 1035px; z-index: 15;\">4,366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 1035px; z-index: 15;\">1,853<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 1035px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 1035px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 1035px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1035px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff246 fs3c fc14 sc0 ls109 ws125\" style=\"left: 69px; bottom: 1021px; z-index: 15;\">Gross inflow Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x196 h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 1021px; z-index: 15;\">2,309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 1021px; z-index: 15;\">2,228<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y605 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 1021px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 485px; bottom: 1021px; z-index: 15;\">1,579<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 1021px; z-index: 15;\">(1,527)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 1021px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 1021px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 1021px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1021px; z-index: 15;\">4,587<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1006px; z-index: 15;\">Operating costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 326px; bottom: 1006px; z-index: 15;\">(623)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 376px; bottom: 1006px; z-index: 15;\">(437)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 1006px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 1006px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 1006px; z-index: 15;\">2</div>\n<div class=\"t m0 x11d h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 597px; bottom: 1006px; z-index: 15;\">(1,061)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 1006px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 1006px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1006px; z-index: 15;\">(1,061)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 976px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Guaranteed products</span> </div>\n<div class=\"t m0 x21f h54 y5f4 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 976px; z-index: 15;\">448<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5f4 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 976px; z-index: 15;\">89<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 503px; bottom: 976px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 976px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h54 y5f4 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 976px; z-index: 15;\">539<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5f4 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 976px; z-index: 15;\">539<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 961px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Unit linked products</span> </div>\n<div class=\"t m0 x31c h54 y70b ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 961px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y70b ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 961px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y70b ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 961px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h54 y70b ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 961px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 946px; z-index: 15;\">Life operating result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 946px; z-index: 15;\">497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 946px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 503px; bottom: 946px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 946px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y60e ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 946px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y60e ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y60e ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 946px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 917px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Accident &amp; Health</span> </div>\n<div class=\"t m0 x31c h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 917px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 917px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 917px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 503px; bottom: 917px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 917px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 917px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 917px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 917px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 917px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 902px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Motor</span> </div>\n<div class=\"t m0 x21f h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 902px; z-index: 15;\">157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 902px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y5fc ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 902px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 902px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 902px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 902px; z-index: 15;\">264<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5fc ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 902px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5fc ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 902px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 902px; z-index: 15;\">264<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 887px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Fire and other damage to p<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>operty<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 326px; bottom: 887px; z-index: 15;\">(142)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 887px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y63a ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 887px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 887px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 887px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 887px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y63a ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 887px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y63a ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 887px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 887px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 872px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x31c h54 y5ff ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 872px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 393px; bottom: 872px; z-index: 15;\">1</div>\n<div class=\"t m0 x304 h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 872px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5ff ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 872px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 872px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 y5ff ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 872px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 872px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 872px; z-index: 15;\">2</div>\n<div class=\"t m0 x31c h54 y5ff ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 872px; z-index: 15;\">99<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 857px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsec wsfe\">lif<span class=\"_ _2\"></span>e <span class=\"ws100\">oper<span class=\"_ _2\"></span>ating res<span class=\"_ _2\"></span>ult</span></span> </span></div>\n<div class=\"t m0 x21f h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 857px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 857px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y647 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 857px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 857px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 857px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 857px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y647 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 857px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 857px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 857px; z-index: 15;\">336<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff249 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Operating result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 842px; z-index: 15;\">622<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 842px; z-index: 15;\">255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y5ff ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 449px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 842px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 553px; bottom: 842px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 611px; bottom: 842px; z-index: 15;\">943<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5ff ff248 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5ff ff246 fs3c fc1f sc0 ls0 ws0\" style=\"left: 740px; bottom: 842px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 842px; z-index: 15;\">945<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 828px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted<span class=\"ff249 ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 813px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">investments non allocated</span> </div>\n<div class=\"t m0 x304 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 813px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 813px; z-index: 15;\">427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 813px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 813px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 813px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 813px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff246 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 798px; z-index: 15;\">Other result, including brokerage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 798px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 393px; bottom: 798px; z-index: 15;\">7</div>\n<div class=\"t m0 x21f h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 798px; z-index: 15;\">(24)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 798px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 798px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 664px; bottom: 798px; z-index: 15;\">(209)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 798px; z-index: 15;\">(152)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 783px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 783px; z-index: 15;\">674<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 783px; z-index: 15;\">273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 434px; bottom: 783px; z-index: 15;\">403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 783px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 783px; z-index: 15;\">1,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 664px; bottom: 783px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 740px; bottom: 783px; z-index: 15;\">2</div>\n<div class=\"t m0 x196 h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 783px; z-index: 15;\">1,231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 449px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 753px; z-index: 15;\">Key performance indicators Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 449px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Net underwriting margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.01%</span> </div>\n<div class=\"t m0 x302 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.40%</span> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 476px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">13.29%</span> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.10%</span> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.10%</span> </div>\n<div class=\"t m0 x14d h52 y60e ff246 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 724px; z-index: 15;\">Investment margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 724px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.82%</span> </div>\n<div class=\"t m0 x302 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 724px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.35%</span> </div>\n<div class=\"t m0 x304 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 724px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.72%</span> </div>\n<div class=\"t m0 x160 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 724px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.72%</span> </div>\n<div class=\"t m0 x14d h52 y70b ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 709px; z-index: 15;\">Operating <span class=\"lsed ws12d\">margin<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x302 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.83%</span> </div>\n<div class=\"t m0 x302 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.75%</span> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 476px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">13.29%</span> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.82%</span> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.82%</span> </div>\n<div class=\"t m0 x14d h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 694px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Operating margin Guaranteed produ<span class=\"_ _0\"></span>cts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.97%</span> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">1.08%</span> </div>\n<div class=\"t m0 x304 h52 y5f7 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 476px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">13.29%</span> </div>\n<div class=\"t m0 x160 h52 y5f7 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.99%</span> </div>\n<div class=\"t m0 x160 h52 y5f7 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.99%</span> </div>\n<div class=\"t m0 x14d h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 679px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Operating margin</span> </div>\n<div class=\"t m0 x304 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 664px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unit linked products</span> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 664px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.37%</span> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 664px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.32%</span> </div>\n<div class=\"t m0 x304 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 664px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.35%</span> </div>\n<div class=\"t m0 x160 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 664px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.35%</span> </div>\n<div class=\"t m0 x14d h52 y5fc ff246 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 649px; z-index: 15;\">Life c<span class=\"_ _2\"></span>ost ratio in % o<span class=\"_ _2\"></span>f Life <span class=\"lse4 wsf4\">technical<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x304 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 634px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">liabilities (annualised)</span> </div>\n<div class=\"t m0 x302 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.41%</span> </div>\n<div class=\"t m0 x302 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.49%</span> </div>\n<div class=\"t m0 x304 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">6.40%</span> </div>\n<div class=\"t m0 x160 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.43%</span> </div>\n<div class=\"t m0 x160 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.43%</span> </div>\n<div class=\"t m0 x14d h54 y5ff ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 605px; z-index: 15;\">Key performance indicators Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff246 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Expe<span class=\"_ _2\"></span>nse ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">33.2%</span> </div>\n<div class=\"t m0 x302 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">61.6%</span> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">38.4%</span> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.8%</span> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.8%</span> </div>\n<div class=\"t m0 x14d h52 y608 ff246 fs3c fc14 sc0 ls109 ws125\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Claims ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">65.0%</span> </div>\n<div class=\"t m0 x142 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 365px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">118.3%</span> </div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">57.2%</span> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">60.6%</span> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">60.6%</span> </div>\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Combined ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">98.2%</span> </div>\n<div class=\"t m0 x142 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 365px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">179.9%</span> </div>\n<div class=\"t m0 x304 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">95.6%</span> </div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">95.4%</span> </div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">95.4%</span> </div>\n<div class=\"t m0 x14d h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Operating margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 545px; z-index: 15;\"> <span class=\"lsec wsfe\">8.3<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x302 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 545px; z-index: 15;\"> <span class=\"lse4 wsf4\">25.8%</span> </div>\n<div class=\"t m0 x304 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 485px; bottom: 545px; z-index: 15;\"> <span class=\"lsec wsfe\">6.0<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x160 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 545px; z-index: 15;\"> <span class=\"lsec wsfe\">8.0<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x160 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 774px; bottom: 545px; z-index: 15;\"> <span class=\"lsec wsfe\">8.1<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x14d h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Technical Insurance liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 516px; z-index: 15;\">67,349<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 516px; z-index: 15;\">18,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 485px; bottom: 516px; z-index: 15;\">1,656<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 516px; z-index: 15;\">(1,551)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 516px; z-index: 15;\">86,095<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 516px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 516px; z-index: 15;\">86,080<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 505px; height: 570px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff24b fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Definit<span class=\"_ _0\"></span>ions of alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _2b\"></span>e performance <span class=\"wsfa\">me<span class=\"_ _0\"></span>asures i<span class=\"_ _2b\"></span>n the tables:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h52 y8da ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net underwriting result<span class=\"ls0 ws0\"> <span class=\"_ _c3\"> </span>: <span class=\"_ _212\"> </span></span>The difference between <span class=\"_ _0\"></span>the net earned premiums and<span class=\"_ _2b\"></span> the sum of the actual claim payment<span class=\"_ _0\"></span>s and the change in<span class=\"_ _0\"></span> insurance liabilities, both <span class=\"_ _2b\"></span>net of</div>\n<div class=\"t m0 xf2 h52 y17b9 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">reinsurance. The result is p<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>esented net<span class=\"_ _0\"></span> of allocated claim handlin<span class=\"_ _0\"></span>g expenses, general expenses<span class=\"_ _0\"></span>, commissions and reinsurance<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17ba ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net underwriting margin<span class=\"ls0 ws0\"> <span class=\"_ _ae\"> </span>: <span class=\"_ _212\"> </span></span>For Life the net <span class=\"_ _0\"></span>annualised underwriting result div<span class=\"_ _0\"></span>ided by the average ne<span class=\"_ _2b\"></span>t Life insurance liabilities during the reporting<span class=\"_ _0\"></span> pe<span class=\"wsf6\">riod. For Non<span class=\"ls0 ws0\">-</span>life the net </span></div>\n<div class=\"t m0 xf2 h52 y17bb ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">underwriting resu<span class=\"wsf6\">lt divided by the net earned premium.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h52 y17bc ff24b fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Net investment result<span class=\"ls0 ws0\"> <span class=\"_ _bf\"> </span>: <span class=\"_ _212\"> </span></span><span class=\"wsf3\">The sum of investment inc<span class=\"_ _0\"></span>ome and realised capital gain<span class=\"_ _2b\"></span>s or losses on assets covering insurance<span class=\"_ _0\"></span> liabilities, after deduction o<span class=\"wsf6\">f rela<span class=\"_ _0\"></span>ted investment </span></span></div>\n<div class=\"t m0 xf2 h52 y17bd ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">expenses. The investment re<span class=\"_ _0\"></span>sults in Life is als<span class=\"_ _0\"></span>o<span class=\"ls0 ws0\"> </span>adjusted for the amount that is <span class=\"_ _0\"></span>allocated to the poli<span class=\"_ _0\"></span>cyholders as technical inte<span class=\"_ _0\"></span>rest and profit sharing<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 xf2 h52 y17be ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">The investment results in<span class=\"_ _0\"></span> Accident &amp; Life (par<span class=\"_ _0\"></span>t of Non<span class=\"ls0 ws0\">-</span>life) is also corrected <span class=\"_ _0\"></span>for the technical interest tha<span class=\"_ _0\"></span>t has been accrued<span class=\"_ _0\"></span> to the insurance</div>\n<div class=\"t m0 xf2 h52 y17bf ff24b fs3c fc14 sc0 lse4 wsf4\" style=\"z-index: 15;\">liabilities. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c0 ff24b fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Net investment margin<span class=\"ls0 ws0\"> <span class=\"_ _b2\"> </span>: <span class=\"_ _212\"> </span></span><span class=\"wsf3\">For Life the annual<span class=\"_ _0\"></span>ised investment result di<span class=\"_ _0\"></span>vided by the average <span class=\"_ _0\"></span>net Life insurance liabilities du<span class=\"_ _0\"></span>ring the reporting period<span class=\"_ _0\"></span>. For Non<span class=\"ls0 ws0\">-</span>life the investment </span></div>\n<div class=\"t m0 xf2 h52 y17c1 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">result divided by the n<span class=\"_ _2b\"></span>et ear<span class=\"_ _2\"></span>ned <span class=\"_ _0\"></span>premium.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c2 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net operating result<span class=\"ls0 ws0\"> <span class=\"_ _17a\"> </span>:<span class=\"_ _2\"></span> <span class=\"_ _1af\"> </span></span>T<span class=\"_ _2\"></span>he sum<span class=\"_ _0\"></span> of net underwriting result<span class=\"_ _0\"></span>, investment result and o<span class=\"_ _0\"></span>ther result allocated to<span class=\"_ _0\"></span> the insurance and/or in<span class=\"_ _0\"></span>vestment contracts<span class=\"wsf6\">. The difference </span></div>\n<div class=\"t m0 xf2 h52 y17c3 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">between operating result and<span class=\"_ _0\"></span> result before taxation <span class=\"_ _0\"></span>consists of all income and<span class=\"_ _0\"></span> costs not allocated <span class=\"_ _0\"></span>to the insurance and/or i<span class=\"_ _0\"></span>nvestment contracts and</div>\n<div class=\"t m0 xf2 h52 y17c4 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">thus not reported in <span class=\"_ _0\"></span>the operating result or<span class=\"_ _0\"></span> result from non<span class=\"ls0 ws0\">-</span>consolidated partnerships.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c5 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net operating margin<span class=\"ls0 ws0\"> <span class=\"_ _b7\"> </span>: <span class=\"_ _212\"> </span></span>For Life the annualised ope<span class=\"_ _0\"></span>rating result of the <span class=\"_ _2b\"></span>per<span class=\"_ _2\"></span>iod di<span class=\"_ _0\"></span>vided by the average ne<span class=\"_ _0\"></span>t Life insurance liabilities. <span class=\"_ _0\"></span>For Non<span class=\"ls0 ws0\">-</span>life the operating result <span class=\"_ _0\"></span>divided by</div>\n<div class=\"t m0 xf2 h52 y17c6 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">the net earned premiu<span class=\"_ _0\"></span>m.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c7 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net earned premium<span class=\"ls0 ws0\"> <span class=\"_ _bb\"> </span>: <span class=\"_ _1af\"> </span></span>T<span class=\"_ _2\"></span>he written p<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>emiums <span class=\"_ _0\"></span>of Non<span class=\"ls0 ws0\">-</span>life covering the risks fo<span class=\"_ _0\"></span>r the current period ne<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ted for <span class=\"_ _0\"></span>the premiums paid to <span class=\"_ _0\"></span>reinsurers and the chan<span class=\"_ _0\"></span>ge in unearned</div>\n<div class=\"t m0 xf2 h52 y17c8 ff24b fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">premiums reserves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c9 ff24b fs3c fc14 sc0 lse5 wsf5\" style=\"z-index: 15;\">Exp<span class=\"lsec ws100\">ense rat<span class=\"_ _2\"></span>io<span class=\"ls0 ws0\"> <span class=\"_ _141\"> </span>: <span class=\"_ _212\"> </span><span class=\"lse4 wsf3\">The expenses as a<span class=\"_ _0\"></span> percentage of net ea<span class=\"_ _0\"></span>rned premiums. Included in<span class=\"_ _2b\"></span> expenses are internal costs of claims h<span class=\"_ _0\"></span>andling commissions, <span class=\"wsf6\">net of reinsurance<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h52 y17ca ff24b fs3c fc14 sc0 ls109 ws125\" style=\"z-index: 15;\">Claims ratio<span class=\"ls0 ws0\"> <span class=\"_ _1f2\"> </span>: <span class=\"_ _1af\"> </span><span class=\"lse4 wsf3\">The cost of claims, net of reinsurance,<span class=\"_ _0\"></span> as a percentage of<span class=\"_ _0\"></span> net earned premiums.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h52 y17cb ff24b fs3c fc14 sc0 lse4 wsf4\" style=\"z-index: 15;\">Com<span class=\"wsf6\">bined ratio<span class=\"ls0 ws0\"> <span class=\"_ _13f\"> </span>: <span class=\"_ _212\"> </span></span><span class=\"wsf3\">A measure of profitability in Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">life which is the ratio b<span class=\"_ _0\"></span>etween the insurer\u2019s <span class=\"_ _0\"></span>total expenses and net ea<span class=\"_ _0\"></span>rned premiums. This is in<span class=\"_ _0\"></span>surer\u2019s total </span></span></span></span></div>\n<div class=\"t m0 xf2 h52 y17cc ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">expenses as a percentage o<span class=\"_ _2b\"></span>f net earned premiums. This is the sum<span class=\"_ _0\"></span> of the claims ratio and<span class=\"_ _2b\"></span> the expen<span class=\"lsec ws100\">se r<span class=\"_ _2\"></span>atio.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 755px; height: 351px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag398": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x1a h6a yafa ff99 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">2.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a yafb ff99 fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Cons<span class=\"_ _2\"></span>olidation <span class=\"_ _2\"></span>princip<span class=\"_ _2\"></span>les<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yafc ff97 fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">Th<span class=\"ls0 ws0\">e<span class=\"lsfb wsfa\">se</span> <span class=\"_ _2\"></span>c<span class=\"lse2 wsf1\">onsolidated </span>f<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">inancial </span>s<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">tat<span class=\"_ _0\"></span>ements<span class=\"_ _0\"></span> includ<span class=\"_ _0\"></span>e the fi<span class=\"_ _0\"></span>nancia<span class=\"_ _0\"></span>l statem<span class=\"_ _2b\"></span>ents </span></span></div>\n<div class=\"t m0 x1a h4f yafd ff97 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">of <span class=\"ls0 ws0\">Ageas SA/NV<span class=\"lse0 wsfa\"> (t<span class=\"_ _2b\"></span>he parent comp<span class=\"_ _0\"></span>any) an<span class=\"_ _0\"></span>d its sub<span class=\"_ _0\"></span>sidiari<span class=\"_ _2b\"></span>es.<span class=\"ls0 ws0\"> </span></span></span></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yafe ff97 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Business comb<span class=\"_ _2\"></span>inations <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yaff ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When a set of ac<span class=\"_ _0\"></span>quired act<span class=\"_ _2b\"></span>ivities and assets m<span class=\"_ _2b\"></span>eets the definiti<span class=\"_ _0\"></span>on of a</div>\n<div class=\"t m0 x1a h4f yb00 ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business an<span class=\"_ _2\"></span>d control is tran<span class=\"_ _2\"></span>sferred to Ageas,<span class=\"_ _2\"></span> Ageas accounts <span class=\"lse0 wsf0\">for a </span></div>\n<div class=\"t m0 x1a h4f yb01 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> combinat<span class=\"_ _2b\"></span>ion using the acqu<span class=\"_ _0\"></span>isitio<span class=\"_ _0\"></span>n method. Fo<span class=\"_ _0\"></span>r the acquis<span class=\"_ _0\"></span>ition</div>\n<div class=\"t m0 x1a h4f yb02 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to be cons<span class=\"_ _2b\"></span>idered a busi<span class=\"_ _0\"></span>ness, th<span class=\"_ _2b\"></span>e acquired set of<span class=\"_ _0\"></span> activ<span class=\"_ _0\"></span>ities a<span class=\"_ _0\"></span>nd asset<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f yb03 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shall inc<span class=\"_ _0\"></span>lude an input<span class=\"_ _0\"></span> and a substa<span class=\"_ _0\"></span>ntive pr<span class=\"_ _0\"></span>ocess appl<span class=\"_ _2b\"></span>ied to the input,</div>\n<div class=\"t m0 x1a h4f yb04 ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">that together<span class=\"_ _2\"></span> significantly contribut<span class=\"lse0 wsfa\">e to the abilit<span class=\"_ _0\"></span>y to cre<span class=\"_ _0\"></span>ate outp<span class=\"_ _2b\"></span>uts. The </span></div>\n<div class=\"t m0 x1a h4f yb05 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>d process<span class=\"_ _0\"></span> (or group of pr<span class=\"_ _0\"></span>ocesses<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>is sub<span class=\"_ _0\"></span>stantiv<span class=\"_ _2b\"></span>e if it is critical to</div>\n<div class=\"t m0 x1a h4f yb06 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the abilit<span class=\"_ _0\"></span>y to devel<span class=\"_ _0\"></span>op or convert<span class=\"_ _0\"></span> an acquir<span class=\"_ _0\"></span>ed input int<span class=\"_ _0\"></span>o output o<span class=\"_ _0\"></span>r if it is</div>\n<div class=\"t m0 x1a h4f yb07 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">critical<span class=\"_ _2b\"></span> to the ability<span class=\"_ _0\"></span> to conti<span class=\"_ _2b\"></span>nue producing <span class=\"_ _0\"></span>outputs.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb08 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb09 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The cost <span class=\"_ _2b\"></span>of an acquisit<span class=\"_ _0\"></span>ion is me<span class=\"_ _0\"></span>asured a<span class=\"_ _0\"></span>s the agg<span class=\"_ _2b\"></span>regate of the</div>\n<div class=\"t m0 x1a h4f yb0a ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consideration<span class=\"_ _2\"></span> transferred, measured at <span class=\"wsf1\">the<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">fair v<span class=\"_ _2b\"></span>alue <span class=\"lsf4 ws10c\">at </span><span class=\"wsf0\">acquisition dat<span class=\"_ _2b\"></span>e </span></span></span></div>\n<div class=\"t m0 x1a h4f yb0b ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the amount<span class=\"_ _2\"></span> of any non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">control<span class=\"_ _0\"></span>ling int<span class=\"_ _2b\"></span>erest in the ac<span class=\"_ _0\"></span>quiree. <span class=\"_ _0\"></span>For eac<span class=\"_ _0\"></span>h </span></span></div>\n<div class=\"t m0 x1a h4f yb0c ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> combinat<span class=\"_ _2b\"></span>ion, Ageas has an opt<span class=\"_ _0\"></span>ion to m<span class=\"lse2 wsfa\">easure any non<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f yb0d ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>lling inte<span class=\"_ _0\"></span>rests in th<span class=\"_ _0\"></span>e acquire<span class=\"_ _0\"></span>e either at fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue or at the non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yb0e ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">controlling<span class=\"_ _2\"></span> interest\u2019s proportiona<span class=\"_ _2\"></span>te share of the acquiree\u2019s identi<span class=\"_ _2\"></span>fiable</div>\n<div class=\"t m0 x1a h4f yb0f ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">net asset<span class=\"_ _2b\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb10 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb11 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the busi<span class=\"_ _0\"></span>ness comb<span class=\"_ _0\"></span>ination is<span class=\"_ _0\"></span> achieved i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>stag<span class=\"_ _0\"></span>es, the prev<span class=\"_ _0\"></span>iously<span class=\"_ _0\"></span> held</div>\n<div class=\"t m0 x1a h4f yb12 ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equity in<span class=\"_ _2\"></span>t<span class=\"ws103\">erest in the acquiree is remea<span class=\"_ _2\"></span>sured at the fair value <span class=\"lsfc ws115\">a<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f yb13 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">acquisi<span class=\"_ _0\"></span>tion dat<span class=\"_ _2b\"></span>e and any result<span class=\"_ _0\"></span>ing gai<span class=\"_ _0\"></span>n or loss i<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n profit<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x1a h4f yb14 ff97 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 361px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 366px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yb15 ff97 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb16 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries a<span class=\"_ _0\"></span>re thos<span class=\"_ _0\"></span>e entities<span class=\"_ _0\"></span> over w<span class=\"_ _0\"></span>hich Ag<span class=\"_ _0\"></span>eas, eit<span class=\"_ _2b\"></span>her directly or</div>\n<div class=\"t m0 x1a h4f yb17 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">indirect<span class=\"_ _2b\"></span>ly, has the power to gov<span class=\"_ _2b\"></span>ern <span class=\"lse2 ws103\">the f<span class=\"_ _2\"></span>inancial and operating poli<span class=\"_ _2\"></span>cies <span class=\"lsf4 ws10c\">to </span></span></div>\n<div class=\"t m0 x1a h4f yb18 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">obtain b<span class=\"_ _0\"></span>enefits f<span class=\"_ _2b\"></span>rom the activ<span class=\"_ _0\"></span>ities (\u2018c<span class=\"_ _2b\"></span>ontrol\u2019). In a<span class=\"_ _0\"></span>ssess<span class=\"_ _0\"></span>ing wheth<span class=\"_ _0\"></span>er Ageas<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yb19 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>ls another e<span class=\"_ _2b\"></span>ntity, the existen<span class=\"_ _0\"></span>ce and effec<span class=\"_ _0\"></span>t of potent<span class=\"_ _0\"></span>ial voti<span class=\"_ _0\"></span>ng rights</div>\n<div class=\"t m0 x1a h4f yb1a ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that are <span class=\"_ _2\"></span>substantive in nat<span class=\"_ _2\"></span>ure, presently exer<span class=\"_ _2\"></span>cisable or presen<span class=\"lsfc ws115\">tl<span class=\"_ _2\"></span>y </span></div>\n<div class=\"t m0 x1a h4f yb1b ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">convert<span class=\"_ _0\"></span>ible, are c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>red. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb1c ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb1d ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries are c<span class=\"_ _0\"></span>onsolid<span class=\"_ _0\"></span>ated as of the dat<span class=\"_ _2b\"></span>e on which effecti<span class=\"_ _0\"></span>ve contr<span class=\"_ _0\"></span>ol is</div>\n<div class=\"t m0 x1a h4f yb1e ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">transferred <span class=\"_ _2\"></span>to Ageas and are<span class=\"_ _2\"></span> no longer consolida<span class=\"_ _2\"></span>ted from the dat<span class=\"_ _2\"></span>e on</div>\n<div class=\"t m0 x1a h4f yb1f ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which cont<span class=\"_ _2b\"></span>rol ceases. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb20 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb21 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries ac<span class=\"_ _2b\"></span>quired exclus<span class=\"_ _0\"></span>ively wit<span class=\"_ _2b\"></span>h a view to res<span class=\"_ _0\"></span>a<span class=\"lse2 ws103\">le are accounted for<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yb22 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">curre<span class=\"_ _0\"></span>nt asset<span class=\"_ _0\"></span>s held f<span class=\"_ _2b\"></span>or sale. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yb23 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb24 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Interco<span class=\"_ _0\"></span>mpany t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions (b<span class=\"_ _0\"></span>alances<span class=\"_ _2b\"></span> and gains or los<span class=\"_ _0\"></span>ses on</div>\n<div class=\"t m0 x1a h4f yb25 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions between <span class=\"wsf0\">t<span class=\"_ _0\"></span>he parent<span class=\"_ _0\"></span> company a<span class=\"_ _0\"></span>nd a subsidi<span class=\"_ _2b\"></span>ary) are </span></div>\n<div class=\"t m0 x1a h4f yb26 ff97 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 221px; height: 282px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 221px; height: 287px; width: 354px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 221px; height: 765px; width: 354px; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff9c fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Sale of a port<span class=\"_ _0\"></span>ion of <span class=\"wsfa\">owner<span class=\"_ _0\"></span>ship int<span class=\"_ _2b\"></span>erest in a subs<span class=\"_ _0\"></span>idiary<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Gains o<span class=\"_ _0\"></span>r losses <span class=\"_ _0\"></span>on the sa<span class=\"_ _2b\"></span>le of a portio<span class=\"_ _0\"></span>n of owne<span class=\"_ _0\"></span>rship int<span class=\"_ _2b\"></span>erest in a</div>\n<div class=\"t m0 x7 h4f y804 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiary<span class=\"_ _2\"></span> are recognised as <span class=\"_ _2\"></span>follow<span class=\"ls0 ws0\">s: </span></div>\n<div class=\"t m0 x7 h4f y805 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">If there is no loss of cont<span class=\"_ _0\"></span>rol, the tr<span class=\"_ _2b\"></span>ansaction is acc<span class=\"_ _0\"></span>ounted f<span class=\"_ _0\"></span>or as an </span></span></div>\n<div class=\"t m0 x43 h4f y806 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">equity t<span class=\"_ _2b\"></span>ransaction (i.<span class=\"_ _0\"></span>e. tran<span class=\"_ _0\"></span>sactio<span class=\"_ _0\"></span>n with ow<span class=\"_ _2b\"></span><span class=\"wsf0\">ners in their capac<span class=\"_ _0\"></span>ity as </span></div>\n<div class=\"t m0 x43 h4f y807 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">owner)<span class=\"ls0 ws0\">; <span class=\"_ _2\"></span><span class=\"lse0 wsef\">or</span> </span></div>\n<div class=\"t m0 x7 h4f y808 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">If there is a loss of contr<span class=\"_ _0\"></span>ol, the tr<span class=\"_ _0\"></span>ansact<span class=\"_ _0\"></span>ion is accou<span class=\"_ _0\"></span>nted for in th<span class=\"_ _0\"></span>e </span></span></div>\n<div class=\"t m0 x43 h4f y809 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement, calcul<span class=\"_ _0\"></span>ated on the tot<span class=\"_ _0\"></span>al partici<span class=\"_ _2b\"></span>pation. Any inte<span class=\"_ _0\"></span>rest</div>\n<div class=\"t m0 x43 h4f y80a ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">retaine<span class=\"_ _0\"></span>d in the f<span class=\"_ _0\"></span>ormer s<span class=\"_ _0\"></span>ubsidia<span class=\"_ _2b\"></span>ry is measured <span class=\"_ _0\"></span>at fair v<span class=\"_ _2b\"></span>alue at the</div>\n<div class=\"t m0 x43 h4f y80b ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">time of los<span class=\"lse2 ws103\">s of control. However, if the loss<span class=\"_ _2\"></span> of control results from a </span></div>\n<div class=\"t m0 x43 h4f y80c ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">monetary co<span class=\"_ _0\"></span>ntribut<span class=\"_ _0\"></span>ion of a s<span class=\"_ _2b\"></span>ubsidiary to an <span class=\"_ _2b\"></span>associate or <span class=\"_ _0\"></span>joint </span></span></div>\n<div class=\"t m0 x43 h4f y80d ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e, the gai<span class=\"_ _2b\"></span>n or loss is rec<span class=\"_ _2b\"></span>ognised only t<span class=\"_ _2b\"></span>o the extent of t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x43 h4f y80e ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">portion <span class=\"_ _0\"></span>of owner<span class=\"_ _2b\"></span>ship interest t<span class=\"_ _2b\"></span>hat has been t<span class=\"_ _2b\"></span>ransferred to<span class=\"_ _0\"></span> oth<span class=\"lse2 wsf1\">er </span></div>\n<div class=\"t m0 x43 h4f y80f ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">investors, re<span class=\"_ _2\"></span>sulting in a pa<span class=\"_ _2\"></span>rtial gain recog<span class=\"_ _2\"></span>nition.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 882px; height: 225px; width: 344px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y885 ff9c fs3a fc1f sc0 lsfb wsfa\" style=\"z-index: 15;\">Asso<span class=\"_ _2\"></span>ciates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y886 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments in a<span class=\"_ _2b\"></span>ssociates are t<span class=\"_ _2b\"></span>hose investme<span class=\"_ _2b\"></span>nts over which <span class=\"_ _0\"></span>Ageas h<span class=\"_ _0\"></span>as</div>\n<div class=\"t m0 x7 h4f y8cf ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">a significant<span class=\"_ _2\"></span> influence, i.e. power to part<span class=\"_ _2\"></span>icipate in the financial and<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y8d0 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operating poli<span class=\"_ _2\"></span>cy decisions of the investe<span class=\"_ _2\"></span>e, but i<span class=\"lse0 wsf0\">s not in co<span class=\"_ _0\"></span>ntrol or joi<span class=\"_ _2b\"></span>nt </span></div>\n<div class=\"t m0 x7 h4f y8d1 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">control.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d2 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d3 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments in ass<span class=\"_ _2b\"></span>ociates are accou<span class=\"_ _2b\"></span>nted for using the equ<span class=\"_ _0\"></span>ity metho<span class=\"_ _2b\"></span>d. At</div>\n<div class=\"t m0 x7 h4f yb28 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial recog<span class=\"_ _2\"></span>nition, the investment is rec<span class=\"_ _2\"></span>ognised at cost, which inc<span class=\"_ _2\"></span>ludes</div>\n<div class=\"t m0 x7 h4f yb29 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion costs. At subs<span class=\"_ _0\"></span>equent me<span class=\"_ _2b\"></span>asurement, the s<span class=\"_ _0\"></span>hare of net inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x7 h4f yb2a ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">for <span class=\"wsf0\">the year is r<span class=\"_ _2b\"></span>ecognised in the inc<span class=\"_ _0\"></span>ome state<span class=\"_ _0\"></span>ment as \u2018S<span class=\"_ _0\"></span>hare in resu<span class=\"_ _0\"></span>lt of </span></div>\n<div class=\"t m0 x7 h4f yb2b ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">associat<span class=\"_ _2b\"></span>es\u2019. <span class=\"lse2 wsf1\">Ageas<span class=\"_ _2\"></span>'s <span class=\"wsfa\">share in the<span class=\"_ _2\"></span> associate\u2019s post<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span></span><span class=\"wsf0\">acqui<span class=\"_ _2b\"></span>sition direct </span></div>\n<div class=\"t m0 x7 h4f yb2c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">equity movemen<span class=\"_ _2\"></span>ts is recognised in other compreh<span class=\"_ _2\"></span>ensive income.</div>\n<div class=\"t m0 x7 h4f yb2d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Distrib<span class=\"_ _0\"></span>utions r<span class=\"_ _0\"></span>eceived fr<span class=\"_ _0\"></span>om associ<span class=\"_ _0\"></span>ates red<span class=\"_ _0\"></span>uce the car<span class=\"_ _0\"></span>r<span class=\"wsfa\">ying am<span class=\"_ _0\"></span>ount of t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y962 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y963 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y964 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span>s in joint ve<span class=\"_ _0\"></span>ntures, w<span class=\"_ _0\"></span>hereby j<span class=\"_ _0\"></span>oint contr<span class=\"_ _0\"></span>ol of an arran<span class=\"_ _0\"></span>geme<span class=\"lsf4 ws10c\">nt </span></div>\n<div class=\"t m0 x7 h4f y965 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provide<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Ageas ri<span class=\"_ _0\"></span>ghts to t<span class=\"_ _2b\"></span>he net assets of<span class=\"_ _0\"></span> that j<span class=\"_ _0\"></span>oint arr<span class=\"_ _0\"></span>angem<span class=\"_ _0\"></span>ent, are </span></div>\n<div class=\"t m0 x7 h4f y966 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for as in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span>s in assoc<span class=\"_ _0\"></span>iates.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 41px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y967 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y968 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Gains on transa<span class=\"_ _2\"></span>ctions between Ageas and<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">investments acc<span class=\"_ _2b\"></span>ounted for </span></span></div>\n<div class=\"t m0 x7 h4f y969 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using the e<span class=\"_ _0\"></span>quity meth<span class=\"_ _0\"></span>od are elim<span class=\"_ _0\"></span>inated t<span class=\"_ _0\"></span>o the extent<span class=\"_ _0\"></span> of <span class=\"lse2 wsf1\">Ageas's <span class=\"_ _2\"></span></span><span class=\"wsef\">int<span class=\"_ _0\"></span>erest. </span></div>\n<div class=\"t m0 x7 h4f y96a ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Losses ar<span class=\"_ _0\"></span>e also elimi<span class=\"_ _2b\"></span>nated unless the<span class=\"_ _0\"></span> transact<span class=\"_ _0\"></span>ion provi<span class=\"_ _0\"></span>des evide<span class=\"_ _0\"></span>nce of</div>\n<div class=\"t m0 x7 h4f y96b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">an impa<span class=\"_ _0\"></span>irment of<span class=\"_ _0\"></span> the ass<span class=\"_ _0\"></span>et trans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d. Losse<span class=\"_ _0\"></span>s are rec<span class=\"_ _2b\"></span>ognised until t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y96c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amo<span class=\"lse0 wsfa\">unt of the inv<span class=\"_ _2b\"></span>estment is red<span class=\"_ _0\"></span>uced t<span class=\"_ _0\"></span>o zero. A<span class=\"_ _0\"></span>ddition<span class=\"_ _2b\"></span>al losses </span></div>\n<div class=\"t m0 x7 h4f y96d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are only rec<span class=\"_ _2b\"></span>ognised to the ext<span class=\"_ _0\"></span>ent that Age<span class=\"_ _0\"></span>as has incu<span class=\"_ _0\"></span>rred legal<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x7 h4f y96e ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ctive obl<span class=\"_ _2b\"></span>igations or made pay<span class=\"_ _2b\"></span>ments on behalf of an as<span class=\"_ _0\"></span>sociat<span class=\"_ _0\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96f ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y970 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">te<span class=\"_ _0\"></span>rm inter<span class=\"_ _0\"></span>ests (e.g. i<span class=\"_ _0\"></span>nter<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">company loans) <span class=\"_ _2\"></span>in an </span></span>associat<span class=\"_ _0\"></span>e or </span></span></div>\n<div class=\"t m0 x7 h4f y971 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">joint v<span class=\"_ _0\"></span>enture th<span class=\"_ _2b\"></span>at form part of t<span class=\"_ _2b\"></span>he net invest<span class=\"_ _0\"></span>ment in t<span class=\"_ _0\"></span>he assoc<span class=\"_ _2b\"></span>iate or joint</div>\n<div class=\"t m0 x7 h4f y972 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e, but to whic<span class=\"_ _0\"></span>h the equity m<span class=\"_ _2b\"></span>ethod is not appli<span class=\"_ _0\"></span>ed, IAS 39 is ap<span class=\"_ _0\"></span>plied.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 41px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 472px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 477px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y8a3 ff9c fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Dispos<span class=\"_ _0\"></span>al of subsid<span class=\"_ _0\"></span>iaries,<span class=\"_ _0\"></span> business<span class=\"_ _2b\"></span>es and non<span class=\"ls0 ws0\">-</span>current as<span class=\"_ _0\"></span>sets <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2e ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">A non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">cur<span class=\"_ _2b\"></span>rent asset (or <span class=\"_ _0\"></span>disposa<span class=\"_ _0\"></span>l group, s<span class=\"_ _2b\"></span>uch as subsidi<span class=\"_ _0\"></span>aries) i<span class=\"_ _0\"></span>s </span></div>\n<div class=\"t m0 x7 h4f yb2f ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">classif<span class=\"_ _0\"></span>ied as \u2018hel<span class=\"_ _0\"></span>d for sale\u2019 if it is<span class=\"_ _0\"></span> availab<span class=\"_ _0\"></span>le for imm<span class=\"_ _0\"></span>ediate sale in<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>its</div>\n<div class=\"t m0 x7 h4f yb30 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> conditio<span class=\"_ _2b\"></span>n and if its sale is high<span class=\"_ _0\"></span>ly probab<span class=\"_ _0\"></span>le. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y977 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">A sale i<span class=\"_ _2\"></span>s highly probable i<span class=\"_ _2\"></span>f:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y978 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 wsfa\">T<span class=\"_ _2\"></span>here is evidence o<span class=\"_ _2\"></span>f managemen<span class=\"lsf4 ws0\">t commitment;<span class=\"ls0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y979 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">There is an act<span class=\"_ _0\"></span>ive pro<span class=\"_ _0\"></span>gramme t<span class=\"_ _2b\"></span>o locate a buye<span class=\"_ _0\"></span>r and co<span class=\"_ _0\"></span>mplete t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x6c h4f y97a ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">plan;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97b ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">T<span class=\"_ _2\"></span>he asset is actively marketed<span class=\"_ _2\"></span> for sale at a reasonable pric<span class=\"_ _2\"></span>e </span></span></div>\n<div class=\"t m0 x6c h4f y97c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compared to i<span class=\"_ _2\"></span>ts fair value;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97d ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">The sale is expect<span class=\"_ _0\"></span>ed to be comp<span class=\"_ _0\"></span>leted wit<span class=\"_ _0\"></span>hin 12 month<span class=\"_ _2b\"></span>s of the date </span></span></div>\n<div class=\"t m0 x6c h4f yb32 ff9c fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">of cla<span class=\"_ _2\"></span>ssificat<span class=\"_ _2\"></span>io<span class=\"ls0 ws0\">n; <span class=\"lse2 wsf1\">a<span class=\"_ _2\"></span>nd</span> </span></div>\n<div class=\"t m0 x1a h4f yb33 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">A<span class=\"_ _2\"></span>ctions required to complete<span class=\"_ _2\"></span> the plan indicate that it is<span class=\"_ _2\"></span> unlikely that </span></span></div>\n<div class=\"t m0 x6c h4f yb34 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">there wi<span class=\"_ _0\"></span>ll be si<span class=\"_ _0\"></span>gnifica<span class=\"_ _2b\"></span>nt changes to th<span class=\"_ _2b\"></span>e plan or that it <span class=\"_ _2b\"></span>will be</div>\n<div class=\"t m0 x6c h4f yb35 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">withdr<span class=\"_ _0\"></span>awn.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb36 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb37 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">current asset<span class=\"_ _2b\"></span>s (or disposal grou<span class=\"_ _0\"></span>ps) class<span class=\"_ _0\"></span>ified as hel<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>for sa<span class=\"_ _0\"></span>le are </span></span></div>\n<div class=\"t m0 x1a h4f yb38 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at the lowe<span class=\"_ _2b\"></span>r of <span class=\"_ _2\"></span>the<span class=\"_ _2b\"></span>ir carrying amount a<span class=\"_ _2b\"></span>nd their fair value les<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f yb39 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">costs to s<span class=\"_ _2b\"></span>ell. Further<span class=\"_ _0\"></span>more, fol<span class=\"_ _2b\"></span>lowing charact<span class=\"_ _2b\"></span>eristic apply:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3a ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">Measurement at<span class=\"_ _0\"></span> the lo<span class=\"_ _0\"></span>wer of th<span class=\"_ _0\"></span>e carry<span class=\"_ _2b\"></span>ing amount an<span class=\"_ _0\"></span>d fair val<span class=\"_ _2b\"></span>ue less </span></span></div>\n<div class=\"t m0 x6c h4f yb3b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">costs to s<span class=\"_ _2b\"></span>ell does not ap<span class=\"_ _0\"></span>ply to as<span class=\"_ _0\"></span>sets t<span class=\"_ _0\"></span>hat are e<span class=\"_ _0\"></span>xempt fr<span class=\"_ _2b\"></span>om this rule,</div>\n<div class=\"t m0 x6c h4f yb3c ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">such as (re<span class=\"_ _0\"></span>)<span class=\"wsfa\">insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>ract li<span class=\"_ _0\"></span>abiliti<span class=\"_ _0\"></span>es withi<span class=\"_ _0\"></span>n the sc<span class=\"_ _0\"></span>ope of IF<span class=\"_ _2b\"></span>RS 4, </span></div>\n<div class=\"t m0 x6c h4f yb3d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets w<span class=\"_ _0\"></span>ithin the<span class=\"_ _0\"></span> scope of IAS 39,<span class=\"_ _0\"></span> deferr<span class=\"_ _0\"></span>ed tax assets</div>\n<div class=\"t m0 x6c h4f yb3e ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">within t<span class=\"_ _0\"></span>he scop<span class=\"_ _0\"></span>e of IAS <span class=\"_ _0\"></span>12 and as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>ising f<span class=\"_ _0\"></span>rom emp<span class=\"_ _0\"></span>loyee</div>\n<div class=\"t m0 x6c h4f yb3f ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s withi<span class=\"_ _0\"></span>n the sco<span class=\"_ _0\"></span>pe of IAS <span class=\"_ _2b\"></span>19;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb40 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Current assets a<span class=\"_ _0\"></span>nd all liabil<span class=\"_ _0\"></span>ities <span class=\"lse2 ws103\">are measured applying the<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x6c h4f yb41 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applicable IFRS<span class=\"_ _2\"></span> standard;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb42 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Not depreciate<span class=\"_ _0\"></span>d or amortis<span class=\"_ _0\"></span>ed; and<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb43 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">Presented sep<span class=\"_ _0\"></span>arately<span class=\"_ _0\"></span> in the co<span class=\"_ _2b\"></span>nsolidated sta<span class=\"_ _0\"></span>tement <span class=\"_ _0\"></span>of finan<span class=\"_ _0\"></span>cial </span></span></div>\n<div class=\"t m0 x6c h4f yb44 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n, witho<span class=\"_ _0\"></span>ut offsett<span class=\"_ _0\"></span>ing of asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilities.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb45 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb46 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The date of dis<span class=\"_ _2b\"></span>posal of a subsidia<span class=\"_ _0\"></span>ry or disp<span class=\"_ _0\"></span>osal <span class=\"lse2 ws103\">group is the date on </span></div>\n<div class=\"t m0 x1a h4f yb47 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which cont<span class=\"_ _2b\"></span>rol passes. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb48 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb49 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed incom<span class=\"_ _2b\"></span>e statement inc<span class=\"_ _0\"></span>ludes t<span class=\"_ _2b\"></span>he results of <span class=\"_ _0\"></span>a subsidi<span class=\"_ _0\"></span>ary</div>\n<div class=\"t m0 x1a h4f yb4a ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or a disposa<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>grou<span class=\"_ _2b\"></span>p up to <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e date of disp<span class=\"_ _2b\"></span>osal. The gain or loss o<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x1a h4f yb4b ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span> is the diff<span class=\"_ _0\"></span>erence bet<span class=\"_ _0\"></span>ween:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4c ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">The proceeds of<span class=\"_ _0\"></span> the sal<span class=\"_ _2b\"></span>e; and <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb4d ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">T<span class=\"_ _2\"></span>he c<span class=\"lse0 wsf0\">arry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of the net ass<span class=\"_ _2b\"></span>ets plus any attribut<span class=\"_ _2b\"></span>able goodwill </span></span></span></div>\n<div class=\"t m0 x6c h4f yb4e ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and amou<span class=\"_ _0\"></span>nts accumu<span class=\"_ _2b\"></span>lated in other comp<span class=\"_ _0\"></span>rehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e (for</div>\n<div class=\"t m0 x6c h4f yb4f ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">example,<span class=\"_ _0\"></span> foreign t<span class=\"_ _0\"></span>ranslati<span class=\"_ _2b\"></span>on adjustments an<span class=\"_ _0\"></span>d availab<span class=\"_ _2b\"></span>le<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-<span class=\"lsfb wsfa\">sal<span class=\"_ _2\"></span>e </span></span></div>\n<div class=\"t m0 x6c h4f yb50 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reserves<span class=\"_ _2b\"></span>).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb51 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f yb52 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A discont<span class=\"_ _0\"></span>inued op<span class=\"_ _0\"></span>eration is a pa<span class=\"_ _2b\"></span>rt of Ageas that has be<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\"> </span>dispos<span class=\"_ _0\"></span>ed of or</div>\n<div class=\"t m0 x1a h4f yb53 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is classif<span class=\"_ _2b\"></span>ied as held for sale and:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb54 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 wsfa\">R<span class=\"_ _2\"></span>epresents a separ<span class=\"_ _2\"></span>ate major line of<span class=\"_ _2\"></span> business or geog<span class=\"_ _2\"></span>raphical area </span></span></div>\n<div class=\"t m0 x6c h4f yb55 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of operat<span class=\"_ _0\"></span>ions;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb56 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">Is<span class=\"_ _2\"></span> part of a single co</span><span class=\"ff9c\">-<span class=\"lse2 ws103\">ord<span class=\"_ _2\"></span>inated plan to dispose of a<span class=\"_ _2\"></span> separate major </span></span></span></div>\n<div class=\"t m0 x6c h4f yb57 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">line of bu<span class=\"_ _2\"></span>siness or geograph<span class=\"_ _2\"></span>ical area of oper<span class=\"_ _2\"></span>ations<span class=\"ls0 ws0\">; o<span class=\"lse0 wsef\">r </span> </span></div>\n<div class=\"t m0 x1a h4f yb58 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Is a <span class=\"_ _2\"></span>su<span class=\"_ _0\"></span>bsidiary<span class=\"_ _0\"></span> acquir<span class=\"_ _0\"></span>ed exclus<span class=\"_ _0\"></span>ively with a v<span class=\"_ _0\"></span>iew to resa<span class=\"_ _0\"></span>le.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb59 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb5a ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Results on<span class=\"_ _2\"></span> discontinued operat<span class=\"_ _2\"></span>ions are presented<span class=\"_ _2\"></span> separately in t<span class=\"_ _2\"></span>he</div>\n<div class=\"t m0 x1a h4f yb5b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 152px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 62px; width: 321px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 776px; width: 354px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 67px; width: 321px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yb31 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag417": {
   "value": "Ageas SA/NV",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag402": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yafe ff97 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Business comb<span class=\"_ _2\"></span>inations <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yaff ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When a set of ac<span class=\"_ _0\"></span>quired act<span class=\"_ _2b\"></span>ivities and assets m<span class=\"_ _2b\"></span>eets the definiti<span class=\"_ _0\"></span>on of a</div>\n<div class=\"t m0 x1a h4f yb00 ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business an<span class=\"_ _2\"></span>d control is tran<span class=\"_ _2\"></span>sferred to Ageas,<span class=\"_ _2\"></span> Ageas accounts <span class=\"lse0 wsf0\">for a </span></div>\n<div class=\"t m0 x1a h4f yb01 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> combinat<span class=\"_ _2b\"></span>ion using the acqu<span class=\"_ _0\"></span>isitio<span class=\"_ _0\"></span>n method. Fo<span class=\"_ _0\"></span>r the acquis<span class=\"_ _0\"></span>ition</div>\n<div class=\"t m0 x1a h4f yb02 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to be cons<span class=\"_ _2b\"></span>idered a busi<span class=\"_ _0\"></span>ness, th<span class=\"_ _2b\"></span>e acquired set of<span class=\"_ _0\"></span> activ<span class=\"_ _0\"></span>ities a<span class=\"_ _0\"></span>nd asset<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f yb03 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shall inc<span class=\"_ _0\"></span>lude an input<span class=\"_ _0\"></span> and a substa<span class=\"_ _0\"></span>ntive pr<span class=\"_ _0\"></span>ocess appl<span class=\"_ _2b\"></span>ied to the input,</div>\n<div class=\"t m0 x1a h4f yb04 ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">that together<span class=\"_ _2\"></span> significantly contribut<span class=\"lse0 wsfa\">e to the abilit<span class=\"_ _0\"></span>y to cre<span class=\"_ _0\"></span>ate outp<span class=\"_ _2b\"></span>uts. The </span></div>\n<div class=\"t m0 x1a h4f yb05 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>d process<span class=\"_ _0\"></span> (or group of pr<span class=\"_ _0\"></span>ocesses<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>is sub<span class=\"_ _0\"></span>stantiv<span class=\"_ _2b\"></span>e if it is critical to</div>\n<div class=\"t m0 x1a h4f yb06 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the abilit<span class=\"_ _0\"></span>y to devel<span class=\"_ _0\"></span>op or convert<span class=\"_ _0\"></span> an acquir<span class=\"_ _0\"></span>ed input int<span class=\"_ _0\"></span>o output o<span class=\"_ _0\"></span>r if it is</div>\n<div class=\"t m0 x1a h4f yb07 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">critical<span class=\"_ _2b\"></span> to the ability<span class=\"_ _0\"></span> to conti<span class=\"_ _2b\"></span>nue producing <span class=\"_ _0\"></span>outputs.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb08 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb09 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The cost <span class=\"_ _2b\"></span>of an acquisit<span class=\"_ _0\"></span>ion is me<span class=\"_ _0\"></span>asured a<span class=\"_ _0\"></span>s the agg<span class=\"_ _2b\"></span>regate of the</div>\n<div class=\"t m0 x1a h4f yb0a ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consideration<span class=\"_ _2\"></span> transferred, measured at <span class=\"wsf1\">the<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">fair v<span class=\"_ _2b\"></span>alue <span class=\"lsf4 ws10c\">at </span><span class=\"wsf0\">acquisition dat<span class=\"_ _2b\"></span>e </span></span></span></div>\n<div class=\"t m0 x1a h4f yb0b ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the amount<span class=\"_ _2\"></span> of any non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">control<span class=\"_ _0\"></span>ling int<span class=\"_ _2b\"></span>erest in the ac<span class=\"_ _0\"></span>quiree. <span class=\"_ _0\"></span>For eac<span class=\"_ _0\"></span>h </span></span></div>\n<div class=\"t m0 x1a h4f yb0c ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> combinat<span class=\"_ _2b\"></span>ion, Ageas has an opt<span class=\"_ _0\"></span>ion to m<span class=\"lse2 wsfa\">easure any non<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f yb0d ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>lling inte<span class=\"_ _0\"></span>rests in th<span class=\"_ _0\"></span>e acquire<span class=\"_ _0\"></span>e either at fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue or at the non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yb0e ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">controlling<span class=\"_ _2\"></span> interest\u2019s proportiona<span class=\"_ _2\"></span>te share of the acquiree\u2019s identi<span class=\"_ _2\"></span>fiable</div>\n<div class=\"t m0 x1a h4f yb0f ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">net asset<span class=\"_ _2b\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb10 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb11 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the busi<span class=\"_ _0\"></span>ness comb<span class=\"_ _0\"></span>ination is<span class=\"_ _0\"></span> achieved i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>stag<span class=\"_ _0\"></span>es, the prev<span class=\"_ _0\"></span>iously<span class=\"_ _0\"></span> held</div>\n<div class=\"t m0 x1a h4f yb12 ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equity in<span class=\"_ _2\"></span>t<span class=\"ws103\">erest in the acquiree is remea<span class=\"_ _2\"></span>sured at the fair value <span class=\"lsfc ws115\">a<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f yb13 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">acquisi<span class=\"_ _0\"></span>tion dat<span class=\"_ _2b\"></span>e and any result<span class=\"_ _0\"></span>ing gai<span class=\"_ _0\"></span>n or loss i<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n profit<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x1a h4f yb14 ff97 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 361px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 366px; width: 354px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yca7 ffca fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yca8 ffcc fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Goodwill from<span class=\"_ _2\"></span> business combinations from<span class=\"_ _2\"></span> 1 January 2010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yca9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">At initi<span class=\"_ _0\"></span>al reco<span class=\"_ _0\"></span>gnition,<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill is me<span class=\"_ _2b\"></span>asured at cost,<span class=\"_ _0\"></span> being t<span class=\"_ _0\"></span>he exces<span class=\"_ _0\"></span>s of</div>\n<div class=\"t m0 x1a h4f ycaa ffca fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">th<span class=\"lse2 ws103\">e fair value<span class=\"_ _2\"></span> of the consideration transferred<span class=\"_ _2\"></span> over: <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ycab ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas's <span class=\"ws103\">share in the ne<span class=\"_ _2\"></span>t identifiable assets acquired<span class=\"_ _2\"></span> and liabilities </span></span></span></div>\n<div class=\"t m0 x6c h4f ycac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assume<span class=\"_ _0\"></span>d; and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycad ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">Net of the fai<span class=\"_ _0\"></span>r value o<span class=\"_ _0\"></span>f any pre<span class=\"_ _2b\"></span>viously held e<span class=\"_ _0\"></span>quity i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> in the </span></span></div>\n<div class=\"t m0 x6c h4f ycae ffca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>e. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycaf ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">After init<span class=\"_ _2b\"></span>ial recognition,<span class=\"_ _0\"></span> goodwi<span class=\"_ _0\"></span>ll is measur<span class=\"_ _0\"></span>ed at cost les<span class=\"_ _0\"></span>s any</div>\n<div class=\"t m0 x1a h4f ycb1 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">accumu<span class=\"_ _0\"></span>lated im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt losses<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 178px; width: 354px; z-index: 7;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ffd1 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll from b<span class=\"_ _0\"></span>usiness c<span class=\"_ _2b\"></span>ombinations pr<span class=\"_ _2b\"></span>ior to <span class=\"lse2\">1 January<span class=\"_ _2\"></span> 2010<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">In comparison wi<span class=\"_ _2\"></span>th the above<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">mentioned<span class=\"_ _2\"></span> requirements, th<span class=\"_ _2\"></span>e following </span></div>\n<div class=\"t m0 x7 h4f y804 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nces apply<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> were acco<span class=\"_ _2b\"></span>unted for using the pu<span class=\"_ _0\"></span>rchase </span></span></div>\n<div class=\"t m0 x43 h4f y806 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">method.<span class=\"_ _0\"></span> Transac<span class=\"_ _0\"></span>tion co<span class=\"_ _2b\"></span>sts directly at<span class=\"_ _2b\"></span>tributable to t<span class=\"_ _0\"></span>he acqu<span class=\"_ _0\"></span>isitio<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x43 h4f y807 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">formed pa<span class=\"_ _2b\"></span>rt <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e acquisit<span class=\"_ _0\"></span>ion costs<span class=\"_ _0\"></span>. The non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">controlling interest </span></span></div>\n<div class=\"t m0 x43 h4f y808 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(formerly known<span class=\"_ _2\"></span> as minority interest) wa<span class=\"_ _2\"></span>s measured at the</div>\n<div class=\"t m0 x43 h4f y809 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ionate s<span class=\"_ _2b\"></span>hare of the ac<span class=\"_ _0\"></span>quiree\u2019s<span class=\"_ _0\"></span> identif<span class=\"_ _2b\"></span>iable net asset<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> achieve<span class=\"_ _0\"></span>d in stages w<span class=\"_ _0\"></span>ere account<span class=\"_ _2b\"></span>ed for as </span></span></div>\n<div class=\"t m0 x43 h4f y80b ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separate steps.<span class=\"_ _2\"></span> Any additional ac<span class=\"lse0 wsf0\">quired shar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>of int<span class=\"_ _0\"></span>erest did n<span class=\"_ _0\"></span>ot </span></div>\n<div class=\"t m0 x43 h4f y80c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">affect pre<span class=\"_ _2\"></span>viously recognised good<span class=\"_ _2\"></span>will.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80d ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsfa\">A contingent c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>ration w<span class=\"_ _2b\"></span>as recognised i<span class=\"_ _2b\"></span>f, and only if<span class=\"_ _0\"></span>, Ageas </span></span></div>\n<div class=\"t m0 x43 h4f y80e ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">had a prese<span class=\"_ _0\"></span>nt obligat<span class=\"_ _0\"></span>ion, eco<span class=\"_ _0\"></span>nomic ou<span class=\"_ _0\"></span>tflow was m<span class=\"_ _0\"></span>ore likely<span class=\"_ _0\"></span> than not</div>\n<div class=\"t m0 x43 h4f y80f ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and a relia<span class=\"_ _0\"></span>ble estim<span class=\"_ _0\"></span>ate was <span class=\"lse2 wsfa\">determinable. Subseq<span class=\"_ _2\"></span>uent adjustments </span></div>\n<div class=\"t m0 x43 h4f y810 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to the cont<span class=\"_ _0\"></span>ingent con<span class=\"_ _2b\"></span>sideration aff<span class=\"_ _0\"></span>ected go<span class=\"_ _0\"></span>odwill.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 y886 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll is an inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _2b\"></span>et <span class=\"_ _2\"></span>wit<span class=\"_ _2b\"></span>h an indefinite lif<span class=\"_ _0\"></span>e and, like al<span class=\"_ _0\"></span>l other</div>\n<div class=\"t m0 x7 h4f y8d0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e lives, the ca<span class=\"_ _0\"></span>rrying val<span class=\"_ _2b\"></span>ue of those</div>\n<div class=\"t m0 x7 h4f y8d1 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e life is assess<span class=\"_ _2b\"></span>ed annually, or mor<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y8d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">frequent<span class=\"_ _2b\"></span>ly, if events o<span class=\"_ _2b\"></span>r changes in ci<span class=\"_ _0\"></span>rcumst<span class=\"_ _2b\"></span>ances indicat<span class=\"_ _0\"></span>e that suc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x7 h4f y8d3 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> value may not b<span class=\"_ _2b\"></span>e recoverabl<span class=\"_ _0\"></span>e. If suc<span class=\"_ _0\"></span>h indicat<span class=\"_ _2b\"></span>ion exists, t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yb28 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt is determined for the c<span class=\"_ _2\"></span>ash<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">ge<span class=\"lse0 wsfa\">nerati<span class=\"_ _0\"></span>ng unit t<span class=\"_ _2b\"></span>o which </span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">goodwil<span class=\"_ _0\"></span>l belongs.<span class=\"_ _0\"></span> This amount<span class=\"_ _0\"></span> is then com<span class=\"_ _2b\"></span>pared to the carryi<span class=\"_ _0\"></span>ng amount</div>\n<div class=\"t m0 x7 h4f yb2a ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the cash<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generati<span class=\"_ _2\"></span>ng unit and an<span class=\"_ _2\"></span> impairment loss i<span class=\"_ _2\"></span>s recognised if <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recover<span class=\"_ _2b\"></span>able amount is l<span class=\"_ _0\"></span>ess tha<span class=\"_ _2b\"></span>n the carrying <span class=\"_ _0\"></span>amount.<span class=\"_ _0\"></span> Impairm<span class=\"_ _2b\"></span>ent losses</div>\n<div class=\"t m0 x7 h4f yb2c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are recogn<span class=\"_ _2\"></span>ised immed<span class=\"ws103\">iately in the inc<span class=\"_ _2\"></span>ome statement.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yb2d ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y962 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the event<span class=\"_ _0\"></span> of an impair<span class=\"_ _2b\"></span>ment loss, Ageas fi<span class=\"_ _0\"></span>rst reduc<span class=\"_ _0\"></span>es the carry<span class=\"_ _2b\"></span>ing</div>\n<div class=\"t m0 x7 h4f y963 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill all<span class=\"_ _0\"></span>ocated t<span class=\"_ _0\"></span>o the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span><span class=\"lse2\">generating<span class=\"_ _2\"></span> unit and then<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y964 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reduces t<span class=\"_ _0\"></span>he other ass<span class=\"_ _0\"></span>ets in the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generating un<span class=\"_ _2\"></span>it pro</span>-</span>rata on the</div>\n<div class=\"t m0 x7 h4f y965 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">basis of t<span class=\"_ _2b\"></span>he carrying a<span class=\"_ _0\"></span>mount of<span class=\"_ _0\"></span> each as<span class=\"_ _0\"></span>set in t<span class=\"_ _2b\"></span>he cash generat<span class=\"_ _0\"></span>ing un<span class=\"_ _0\"></span>it.</div>\n<div class=\"t m0 x7 h4f y966 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Previou<span class=\"_ _0\"></span>sly reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _2b\"></span>pairment losses r<span class=\"_ _0\"></span>elating t<span class=\"_ _0\"></span>o goodwil<span class=\"_ _0\"></span>l are not</div>\n<div class=\"t m0 x7 h4f y967 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reversed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 268px; width: 349px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 525px; width: 349px; z-index: 7;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag423": {
   "value": "\n<div class=\"t m0 x1a h4f yafe ff97 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Business comb<span class=\"_ _2\"></span>inations <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yaff ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When a set of ac<span class=\"_ _0\"></span>quired act<span class=\"_ _2b\"></span>ivities and assets m<span class=\"_ _2b\"></span>eets the definiti<span class=\"_ _0\"></span>on of a</div>\n<div class=\"t m0 x1a h4f yb00 ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business an<span class=\"_ _2\"></span>d control is tran<span class=\"_ _2\"></span>sferred to Ageas,<span class=\"_ _2\"></span> Ageas accounts <span class=\"lse0 wsf0\">for a </span></div>\n<div class=\"t m0 x1a h4f yb01 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> combinat<span class=\"_ _2b\"></span>ion using the acqu<span class=\"_ _0\"></span>isitio<span class=\"_ _0\"></span>n method. Fo<span class=\"_ _0\"></span>r the acquis<span class=\"_ _0\"></span>ition</div>\n<div class=\"t m0 x1a h4f yb02 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to be cons<span class=\"_ _2b\"></span>idered a busi<span class=\"_ _0\"></span>ness, th<span class=\"_ _2b\"></span>e acquired set of<span class=\"_ _0\"></span> activ<span class=\"_ _0\"></span>ities a<span class=\"_ _0\"></span>nd asset<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f yb03 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shall inc<span class=\"_ _0\"></span>lude an input<span class=\"_ _0\"></span> and a substa<span class=\"_ _0\"></span>ntive pr<span class=\"_ _0\"></span>ocess appl<span class=\"_ _2b\"></span>ied to the input,</div>\n<div class=\"t m0 x1a h4f yb04 ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">that together<span class=\"_ _2\"></span> significantly contribut<span class=\"lse0 wsfa\">e to the abilit<span class=\"_ _0\"></span>y to cre<span class=\"_ _0\"></span>ate outp<span class=\"_ _2b\"></span>uts. The </span></div>\n<div class=\"t m0 x1a h4f yb05 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>d process<span class=\"_ _0\"></span> (or group of pr<span class=\"_ _0\"></span>ocesses<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>is sub<span class=\"_ _0\"></span>stantiv<span class=\"_ _2b\"></span>e if it is critical to</div>\n<div class=\"t m0 x1a h4f yb06 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the abilit<span class=\"_ _0\"></span>y to devel<span class=\"_ _0\"></span>op or convert<span class=\"_ _0\"></span> an acquir<span class=\"_ _0\"></span>ed input int<span class=\"_ _0\"></span>o output o<span class=\"_ _0\"></span>r if it is</div>\n<div class=\"t m0 x1a h4f yb07 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">critical<span class=\"_ _2b\"></span> to the ability<span class=\"_ _0\"></span> to conti<span class=\"_ _2b\"></span>nue producing <span class=\"_ _0\"></span>outputs.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb08 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb09 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The cost <span class=\"_ _2b\"></span>of an acquisit<span class=\"_ _0\"></span>ion is me<span class=\"_ _0\"></span>asured a<span class=\"_ _0\"></span>s the agg<span class=\"_ _2b\"></span>regate of the</div>\n<div class=\"t m0 x1a h4f yb0a ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consideration<span class=\"_ _2\"></span> transferred, measured at <span class=\"wsf1\">the<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">fair v<span class=\"_ _2b\"></span>alue <span class=\"lsf4 ws10c\">at </span><span class=\"wsf0\">acquisition dat<span class=\"_ _2b\"></span>e </span></span></span></div>\n<div class=\"t m0 x1a h4f yb0b ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the amount<span class=\"_ _2\"></span> of any non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">control<span class=\"_ _0\"></span>ling int<span class=\"_ _2b\"></span>erest in the ac<span class=\"_ _0\"></span>quiree. <span class=\"_ _0\"></span>For eac<span class=\"_ _0\"></span>h </span></span></div>\n<div class=\"t m0 x1a h4f yb0c ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> combinat<span class=\"_ _2b\"></span>ion, Ageas has an opt<span class=\"_ _0\"></span>ion to m<span class=\"lse2 wsfa\">easure any non<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f yb0d ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>lling inte<span class=\"_ _0\"></span>rests in th<span class=\"_ _0\"></span>e acquire<span class=\"_ _0\"></span>e either at fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue or at the non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yb0e ff97 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">controlling<span class=\"_ _2\"></span> interest\u2019s proportiona<span class=\"_ _2\"></span>te share of the acquiree\u2019s identi<span class=\"_ _2\"></span>fiable</div>\n<div class=\"t m0 x1a h4f yb0f ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">net asset<span class=\"_ _2b\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb10 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb11 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the busi<span class=\"_ _0\"></span>ness comb<span class=\"_ _0\"></span>ination is<span class=\"_ _0\"></span> achieved i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>stag<span class=\"_ _0\"></span>es, the prev<span class=\"_ _0\"></span>iously<span class=\"_ _0\"></span> held</div>\n<div class=\"t m0 x1a h4f yb12 ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">equity in<span class=\"_ _2\"></span>t<span class=\"ws103\">erest in the acquiree is remea<span class=\"_ _2\"></span>sured at the fair value <span class=\"lsfc ws115\">a<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f yb13 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">acquisi<span class=\"_ _0\"></span>tion dat<span class=\"_ _2b\"></span>e and any result<span class=\"_ _0\"></span>ing gai<span class=\"_ _0\"></span>n or loss i<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n profit<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x1a h4f yb14 ff97 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 361px; width: 354px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag384": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yb15 ff97 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb16 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries a<span class=\"_ _0\"></span>re thos<span class=\"_ _0\"></span>e entities<span class=\"_ _0\"></span> over w<span class=\"_ _0\"></span>hich Ag<span class=\"_ _0\"></span>eas, eit<span class=\"_ _2b\"></span>her directly or</div>\n<div class=\"t m0 x1a h4f yb17 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">indirect<span class=\"_ _2b\"></span>ly, has the power to gov<span class=\"_ _2b\"></span>ern <span class=\"lse2 ws103\">the f<span class=\"_ _2\"></span>inancial and operating poli<span class=\"_ _2\"></span>cies <span class=\"lsf4 ws10c\">to </span></span></div>\n<div class=\"t m0 x1a h4f yb18 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">obtain b<span class=\"_ _0\"></span>enefits f<span class=\"_ _2b\"></span>rom the activ<span class=\"_ _0\"></span>ities (\u2018c<span class=\"_ _2b\"></span>ontrol\u2019). In a<span class=\"_ _0\"></span>ssess<span class=\"_ _0\"></span>ing wheth<span class=\"_ _0\"></span>er Ageas<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yb19 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>ls another e<span class=\"_ _2b\"></span>ntity, the existen<span class=\"_ _0\"></span>ce and effec<span class=\"_ _0\"></span>t of potent<span class=\"_ _0\"></span>ial voti<span class=\"_ _0\"></span>ng rights</div>\n<div class=\"t m0 x1a h4f yb1a ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that are <span class=\"_ _2\"></span>substantive in nat<span class=\"_ _2\"></span>ure, presently exer<span class=\"_ _2\"></span>cisable or presen<span class=\"lsfc ws115\">tl<span class=\"_ _2\"></span>y </span></div>\n<div class=\"t m0 x1a h4f yb1b ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">convert<span class=\"_ _0\"></span>ible, are c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>red. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb1c ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb1d ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries are c<span class=\"_ _0\"></span>onsolid<span class=\"_ _0\"></span>ated as of the dat<span class=\"_ _2b\"></span>e on which effecti<span class=\"_ _0\"></span>ve contr<span class=\"_ _0\"></span>ol is</div>\n<div class=\"t m0 x1a h4f yb1e ff97 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">transferred <span class=\"_ _2\"></span>to Ageas and are<span class=\"_ _2\"></span> no longer consolida<span class=\"_ _2\"></span>ted from the dat<span class=\"_ _2\"></span>e on</div>\n<div class=\"t m0 x1a h4f yb1f ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which cont<span class=\"_ _2b\"></span>rol ceases. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb20 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb21 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries ac<span class=\"_ _2b\"></span>quired exclus<span class=\"_ _0\"></span>ively wit<span class=\"_ _2b\"></span>h a view to res<span class=\"_ _0\"></span>a<span class=\"lse2 ws103\">le are accounted for<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yb22 ff97 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">curre<span class=\"_ _0\"></span>nt asset<span class=\"_ _0\"></span>s held f<span class=\"_ _2b\"></span>or sale. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yb23 ff97 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb24 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Interco<span class=\"_ _0\"></span>mpany t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions (b<span class=\"_ _0\"></span>alances<span class=\"_ _2b\"></span> and gains or los<span class=\"_ _0\"></span>ses on</div>\n<div class=\"t m0 x1a h4f yb25 ff97 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions between <span class=\"wsf0\">t<span class=\"_ _0\"></span>he parent<span class=\"_ _0\"></span> company a<span class=\"_ _0\"></span>nd a subsidi<span class=\"_ _2b\"></span>ary) are </span></div>\n<div class=\"t m0 x1a h4f yb26 ff97 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 221px; height: 282px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 221px; height: 287px; width: 354px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag382": {
   "value": "\n<div class=\"t m0 x7 h4f y802 ff9c fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Sale of a port<span class=\"_ _0\"></span>ion of <span class=\"wsfa\">owner<span class=\"_ _0\"></span>ship int<span class=\"_ _2b\"></span>erest in a subs<span class=\"_ _0\"></span>idiary<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Gains o<span class=\"_ _0\"></span>r losses <span class=\"_ _0\"></span>on the sa<span class=\"_ _2b\"></span>le of a portio<span class=\"_ _0\"></span>n of owne<span class=\"_ _0\"></span>rship int<span class=\"_ _2b\"></span>erest in a</div>\n<div class=\"t m0 x7 h4f y804 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiary<span class=\"_ _2\"></span> are recognised as <span class=\"_ _2\"></span>follow<span class=\"ls0 ws0\">s: </span></div>\n<div class=\"t m0 x7 h4f y805 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">If there is no loss of cont<span class=\"_ _0\"></span>rol, the tr<span class=\"_ _2b\"></span>ansaction is acc<span class=\"_ _0\"></span>ounted f<span class=\"_ _0\"></span>or as an </span></span></div>\n<div class=\"t m0 x43 h4f y806 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">equity t<span class=\"_ _2b\"></span>ransaction (i.<span class=\"_ _0\"></span>e. tran<span class=\"_ _0\"></span>sactio<span class=\"_ _0\"></span>n with ow<span class=\"_ _2b\"></span><span class=\"wsf0\">ners in their capac<span class=\"_ _0\"></span>ity as </span></div>\n<div class=\"t m0 x43 h4f y807 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">owner)<span class=\"ls0 ws0\">; <span class=\"_ _2\"></span><span class=\"lse0 wsef\">or</span> </span></div>\n<div class=\"t m0 x7 h4f y808 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">If there is a loss of contr<span class=\"_ _0\"></span>ol, the tr<span class=\"_ _0\"></span>ansact<span class=\"_ _0\"></span>ion is accou<span class=\"_ _0\"></span>nted for in th<span class=\"_ _0\"></span>e </span></span></div>\n<div class=\"t m0 x43 h4f y809 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement, calcul<span class=\"_ _0\"></span>ated on the tot<span class=\"_ _0\"></span>al partici<span class=\"_ _2b\"></span>pation. Any inte<span class=\"_ _0\"></span>rest</div>\n<div class=\"t m0 x43 h4f y80a ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">retaine<span class=\"_ _0\"></span>d in the f<span class=\"_ _0\"></span>ormer s<span class=\"_ _0\"></span>ubsidia<span class=\"_ _2b\"></span>ry is measured <span class=\"_ _0\"></span>at fair v<span class=\"_ _2b\"></span>alue at the</div>\n<div class=\"t m0 x43 h4f y80b ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">time of los<span class=\"lse2 ws103\">s of control. However, if the loss<span class=\"_ _2\"></span> of control results from a </span></div>\n<div class=\"t m0 x43 h4f y80c ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">monetary co<span class=\"_ _0\"></span>ntribut<span class=\"_ _0\"></span>ion of a s<span class=\"_ _2b\"></span>ubsidiary to an <span class=\"_ _2b\"></span>associate or <span class=\"_ _0\"></span>joint </span></span></div>\n<div class=\"t m0 x43 h4f y80d ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e, the gai<span class=\"_ _2b\"></span>n or loss is rec<span class=\"_ _2b\"></span>ognised only t<span class=\"_ _2b\"></span>o the extent of t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x43 h4f y80e ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">portion <span class=\"_ _0\"></span>of owner<span class=\"_ _2b\"></span>ship interest t<span class=\"_ _2b\"></span>hat has been t<span class=\"_ _2b\"></span>ransferred to<span class=\"_ _0\"></span> oth<span class=\"lse2 wsf1\">er </span></div>\n<div class=\"t m0 x43 h4f y80f ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">investors, re<span class=\"_ _2\"></span>sulting in a pa<span class=\"_ _2\"></span>rtial gain recog<span class=\"_ _2\"></span>nition.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 882px; height: 225px; width: 344px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag394": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y885 ff9c fs3a fc1f sc0 lsfb wsfa\" style=\"z-index: 15;\">Asso<span class=\"_ _2\"></span>ciates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y886 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments in a<span class=\"_ _2b\"></span>ssociates are t<span class=\"_ _2b\"></span>hose investme<span class=\"_ _2b\"></span>nts over which <span class=\"_ _0\"></span>Ageas h<span class=\"_ _0\"></span>as</div>\n<div class=\"t m0 x7 h4f y8cf ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">a significant<span class=\"_ _2\"></span> influence, i.e. power to part<span class=\"_ _2\"></span>icipate in the financial and<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y8d0 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operating poli<span class=\"_ _2\"></span>cy decisions of the investe<span class=\"_ _2\"></span>e, but i<span class=\"lse0 wsf0\">s not in co<span class=\"_ _0\"></span>ntrol or joi<span class=\"_ _2b\"></span>nt </span></div>\n<div class=\"t m0 x7 h4f y8d1 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">control.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d2 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d3 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments in ass<span class=\"_ _2b\"></span>ociates are accou<span class=\"_ _2b\"></span>nted for using the equ<span class=\"_ _0\"></span>ity metho<span class=\"_ _2b\"></span>d. At</div>\n<div class=\"t m0 x7 h4f yb28 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial recog<span class=\"_ _2\"></span>nition, the investment is rec<span class=\"_ _2\"></span>ognised at cost, which inc<span class=\"_ _2\"></span>ludes</div>\n<div class=\"t m0 x7 h4f yb29 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion costs. At subs<span class=\"_ _0\"></span>equent me<span class=\"_ _2b\"></span>asurement, the s<span class=\"_ _0\"></span>hare of net inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x7 h4f yb2a ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">for <span class=\"wsf0\">the year is r<span class=\"_ _2b\"></span>ecognised in the inc<span class=\"_ _0\"></span>ome state<span class=\"_ _0\"></span>ment as \u2018S<span class=\"_ _0\"></span>hare in resu<span class=\"_ _0\"></span>lt of </span></div>\n<div class=\"t m0 x7 h4f yb2b ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">associat<span class=\"_ _2b\"></span>es\u2019. <span class=\"lse2 wsf1\">Ageas<span class=\"_ _2\"></span>'s <span class=\"wsfa\">share in the<span class=\"_ _2\"></span> associate\u2019s post<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span></span><span class=\"wsf0\">acqui<span class=\"_ _2b\"></span>sition direct </span></div>\n<div class=\"t m0 x7 h4f yb2c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">equity movemen<span class=\"_ _2\"></span>ts is recognised in other compreh<span class=\"_ _2\"></span>ensive income.</div>\n<div class=\"t m0 x7 h4f yb2d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Distrib<span class=\"_ _0\"></span>utions r<span class=\"_ _0\"></span>eceived fr<span class=\"_ _0\"></span>om associ<span class=\"_ _0\"></span>ates red<span class=\"_ _0\"></span>uce the car<span class=\"_ _0\"></span>r<span class=\"wsfa\">ying am<span class=\"_ _0\"></span>ount of t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y962 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y963 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y964 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span>s in joint ve<span class=\"_ _0\"></span>ntures, w<span class=\"_ _0\"></span>hereby j<span class=\"_ _0\"></span>oint contr<span class=\"_ _0\"></span>ol of an arran<span class=\"_ _0\"></span>geme<span class=\"lsf4 ws10c\">nt </span></div>\n<div class=\"t m0 x7 h4f y965 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provide<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Ageas ri<span class=\"_ _0\"></span>ghts to t<span class=\"_ _2b\"></span>he net assets of<span class=\"_ _0\"></span> that j<span class=\"_ _0\"></span>oint arr<span class=\"_ _0\"></span>angem<span class=\"_ _0\"></span>ent, are </span></div>\n<div class=\"t m0 x7 h4f y966 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for as in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span>s in assoc<span class=\"_ _0\"></span>iates.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 41px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y967 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y968 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Gains on transa<span class=\"_ _2\"></span>ctions between Ageas and<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">investments acc<span class=\"_ _2b\"></span>ounted for </span></span></div>\n<div class=\"t m0 x7 h4f y969 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using the e<span class=\"_ _0\"></span>quity meth<span class=\"_ _0\"></span>od are elim<span class=\"_ _0\"></span>inated t<span class=\"_ _0\"></span>o the extent<span class=\"_ _0\"></span> of <span class=\"lse2 wsf1\">Ageas's <span class=\"_ _2\"></span></span><span class=\"wsef\">int<span class=\"_ _0\"></span>erest. </span></div>\n<div class=\"t m0 x7 h4f y96a ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Losses ar<span class=\"_ _0\"></span>e also elimi<span class=\"_ _2b\"></span>nated unless the<span class=\"_ _0\"></span> transact<span class=\"_ _0\"></span>ion provi<span class=\"_ _0\"></span>des evide<span class=\"_ _0\"></span>nce of</div>\n<div class=\"t m0 x7 h4f y96b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">an impa<span class=\"_ _0\"></span>irment of<span class=\"_ _0\"></span> the ass<span class=\"_ _0\"></span>et trans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d. Losse<span class=\"_ _0\"></span>s are rec<span class=\"_ _2b\"></span>ognised until t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y96c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amo<span class=\"lse0 wsfa\">unt of the inv<span class=\"_ _2b\"></span>estment is red<span class=\"_ _0\"></span>uced t<span class=\"_ _0\"></span>o zero. A<span class=\"_ _0\"></span>ddition<span class=\"_ _2b\"></span>al losses </span></div>\n<div class=\"t m0 x7 h4f y96d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are only rec<span class=\"_ _2b\"></span>ognised to the ext<span class=\"_ _0\"></span>ent that Age<span class=\"_ _0\"></span>as has incu<span class=\"_ _0\"></span>rred legal<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x7 h4f y96e ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ctive obl<span class=\"_ _2b\"></span>igations or made pay<span class=\"_ _2b\"></span>ments on behalf of an as<span class=\"_ _0\"></span>sociat<span class=\"_ _0\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96f ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y970 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">te<span class=\"_ _0\"></span>rm inter<span class=\"_ _0\"></span>ests (e.g. i<span class=\"_ _0\"></span>nter<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">company loans) <span class=\"_ _2\"></span>in an </span></span>associat<span class=\"_ _0\"></span>e or </span></span></div>\n<div class=\"t m0 x7 h4f y971 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">joint v<span class=\"_ _0\"></span>enture th<span class=\"_ _2b\"></span>at form part of t<span class=\"_ _2b\"></span>he net invest<span class=\"_ _0\"></span>ment in t<span class=\"_ _0\"></span>he assoc<span class=\"_ _2b\"></span>iate or joint</div>\n<div class=\"t m0 x7 h4f y972 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e, but to whic<span class=\"_ _0\"></span>h the equity m<span class=\"_ _2b\"></span>ethod is not appli<span class=\"_ _0\"></span>ed, IAS 39 is ap<span class=\"_ _0\"></span>plied.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 41px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 472px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 477px; width: 354px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag419": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y885 ff9c fs3a fc1f sc0 lsfb wsfa\" style=\"z-index: 15;\">Asso<span class=\"_ _2\"></span>ciates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y886 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments in a<span class=\"_ _2b\"></span>ssociates are t<span class=\"_ _2b\"></span>hose investme<span class=\"_ _2b\"></span>nts over which <span class=\"_ _0\"></span>Ageas h<span class=\"_ _0\"></span>as</div>\n<div class=\"t m0 x7 h4f y8cf ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">a significant<span class=\"_ _2\"></span> influence, i.e. power to part<span class=\"_ _2\"></span>icipate in the financial and<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y8d0 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operating poli<span class=\"_ _2\"></span>cy decisions of the investe<span class=\"_ _2\"></span>e, but i<span class=\"lse0 wsf0\">s not in co<span class=\"_ _0\"></span>ntrol or joi<span class=\"_ _2b\"></span>nt </span></div>\n<div class=\"t m0 x7 h4f y8d1 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">control.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d2 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d3 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments in ass<span class=\"_ _2b\"></span>ociates are accou<span class=\"_ _2b\"></span>nted for using the equ<span class=\"_ _0\"></span>ity metho<span class=\"_ _2b\"></span>d. At</div>\n<div class=\"t m0 x7 h4f yb28 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial recog<span class=\"_ _2\"></span>nition, the investment is rec<span class=\"_ _2\"></span>ognised at cost, which inc<span class=\"_ _2\"></span>ludes</div>\n<div class=\"t m0 x7 h4f yb29 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion costs. At subs<span class=\"_ _0\"></span>equent me<span class=\"_ _2b\"></span>asurement, the s<span class=\"_ _0\"></span>hare of net inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x7 h4f yb2a ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">for <span class=\"wsf0\">the year is r<span class=\"_ _2b\"></span>ecognised in the inc<span class=\"_ _0\"></span>ome state<span class=\"_ _0\"></span>ment as \u2018S<span class=\"_ _0\"></span>hare in resu<span class=\"_ _0\"></span>lt of </span></div>\n<div class=\"t m0 x7 h4f yb2b ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">associat<span class=\"_ _2b\"></span>es\u2019. <span class=\"lse2 wsf1\">Ageas<span class=\"_ _2\"></span>'s <span class=\"wsfa\">share in the<span class=\"_ _2\"></span> associate\u2019s post<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span></span><span class=\"wsf0\">acqui<span class=\"_ _2b\"></span>sition direct </span></div>\n<div class=\"t m0 x7 h4f yb2c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">equity movemen<span class=\"_ _2\"></span>ts is recognised in other compreh<span class=\"_ _2\"></span>ensive income.</div>\n<div class=\"t m0 x7 h4f yb2d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Distrib<span class=\"_ _0\"></span>utions r<span class=\"_ _0\"></span>eceived fr<span class=\"_ _0\"></span>om associ<span class=\"_ _0\"></span>ates red<span class=\"_ _0\"></span>uce the car<span class=\"_ _0\"></span>r<span class=\"wsfa\">ying am<span class=\"_ _0\"></span>ount of t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y962 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y963 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y964 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span>s in joint ve<span class=\"_ _0\"></span>ntures, w<span class=\"_ _0\"></span>hereby j<span class=\"_ _0\"></span>oint contr<span class=\"_ _0\"></span>ol of an arran<span class=\"_ _0\"></span>geme<span class=\"lsf4 ws10c\">nt </span></div>\n<div class=\"t m0 x7 h4f y965 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provide<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Ageas ri<span class=\"_ _0\"></span>ghts to t<span class=\"_ _2b\"></span>he net assets of<span class=\"_ _0\"></span> that j<span class=\"_ _0\"></span>oint arr<span class=\"_ _0\"></span>angem<span class=\"_ _0\"></span>ent, are </span></div>\n<div class=\"t m0 x7 h4f y966 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for as in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span>s in assoc<span class=\"_ _0\"></span>iates.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 41px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y967 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y968 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Gains on transa<span class=\"_ _2\"></span>ctions between Ageas and<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">investments acc<span class=\"_ _2b\"></span>ounted for </span></span></div>\n<div class=\"t m0 x7 h4f y969 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using the e<span class=\"_ _0\"></span>quity meth<span class=\"_ _0\"></span>od are elim<span class=\"_ _0\"></span>inated t<span class=\"_ _0\"></span>o the extent<span class=\"_ _0\"></span> of <span class=\"lse2 wsf1\">Ageas's <span class=\"_ _2\"></span></span><span class=\"wsef\">int<span class=\"_ _0\"></span>erest. </span></div>\n<div class=\"t m0 x7 h4f y96a ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Losses ar<span class=\"_ _0\"></span>e also elimi<span class=\"_ _2b\"></span>nated unless the<span class=\"_ _0\"></span> transact<span class=\"_ _0\"></span>ion provi<span class=\"_ _0\"></span>des evide<span class=\"_ _0\"></span>nce of</div>\n<div class=\"t m0 x7 h4f y96b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">an impa<span class=\"_ _0\"></span>irment of<span class=\"_ _0\"></span> the ass<span class=\"_ _0\"></span>et trans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d. Losse<span class=\"_ _0\"></span>s are rec<span class=\"_ _2b\"></span>ognised until t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y96c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amo<span class=\"lse0 wsfa\">unt of the inv<span class=\"_ _2b\"></span>estment is red<span class=\"_ _0\"></span>uced t<span class=\"_ _0\"></span>o zero. A<span class=\"_ _0\"></span>ddition<span class=\"_ _2b\"></span>al losses </span></div>\n<div class=\"t m0 x7 h4f y96d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are only rec<span class=\"_ _2b\"></span>ognised to the ext<span class=\"_ _0\"></span>ent that Age<span class=\"_ _0\"></span>as has incu<span class=\"_ _0\"></span>rred legal<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x7 h4f y96e ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ctive obl<span class=\"_ _2b\"></span>igations or made pay<span class=\"_ _2b\"></span>ments on behalf of an as<span class=\"_ _0\"></span>sociat<span class=\"_ _0\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96f ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y970 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">te<span class=\"_ _0\"></span>rm inter<span class=\"_ _0\"></span>ests (e.g. i<span class=\"_ _0\"></span>nter<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">company loans) <span class=\"_ _2\"></span>in an </span></span>associat<span class=\"_ _0\"></span>e or </span></span></div>\n<div class=\"t m0 x7 h4f y971 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">joint v<span class=\"_ _0\"></span>enture th<span class=\"_ _2b\"></span>at form part of t<span class=\"_ _2b\"></span>he net invest<span class=\"_ _0\"></span>ment in t<span class=\"_ _0\"></span>he assoc<span class=\"_ _2b\"></span>iate or joint</div>\n<div class=\"t m0 x7 h4f y972 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e, but to whic<span class=\"_ _0\"></span>h the equity m<span class=\"_ _2b\"></span>ethod is not appli<span class=\"_ _0\"></span>ed, IAS 39 is ap<span class=\"_ _0\"></span>plied.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 41px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 472px; width: 354px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag406": {
   "value": "\n<div class=\"t m0 x7 h4f y964 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span>s in joint ve<span class=\"_ _0\"></span>ntures, w<span class=\"_ _0\"></span>hereby j<span class=\"_ _0\"></span>oint contr<span class=\"_ _0\"></span>ol of an arran<span class=\"_ _0\"></span>geme<span class=\"lsf4 ws10c\">nt </span></div>\n<div class=\"t m0 x7 h4f y965 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provide<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Ageas ri<span class=\"_ _0\"></span>ghts to t<span class=\"_ _2b\"></span>he net assets of<span class=\"_ _0\"></span> that j<span class=\"_ _0\"></span>oint arr<span class=\"_ _0\"></span>angem<span class=\"_ _0\"></span>ent, are </span></div>\n<div class=\"t m0 x7 h4f y966 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for as in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span>s in assoc<span class=\"_ _0\"></span>iates.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 41px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y970 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">te<span class=\"_ _0\"></span>rm inter<span class=\"_ _0\"></span>ests (e.g. i<span class=\"_ _0\"></span>nter<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">company loans) <span class=\"_ _2\"></span>in an </span></span>associat<span class=\"_ _0\"></span>e or </span></span></div>\n<div class=\"t m0 x7 h4f y971 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">joint v<span class=\"_ _0\"></span>enture th<span class=\"_ _2b\"></span>at form part of t<span class=\"_ _2b\"></span>he net invest<span class=\"_ _0\"></span>ment in t<span class=\"_ _0\"></span>he assoc<span class=\"_ _2b\"></span>iate or joint</div>\n<div class=\"t m0 x7 h4f y972 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e, but to whic<span class=\"_ _0\"></span>h the equity m<span class=\"_ _2b\"></span>ethod is not appli<span class=\"_ _0\"></span>ed, IAS 39 is ap<span class=\"_ _0\"></span>plied.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 394px; height: 41px; width: 354px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag405": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y8a3 ff9c fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Dispos<span class=\"_ _0\"></span>al of subsid<span class=\"_ _0\"></span>iaries,<span class=\"_ _0\"></span> business<span class=\"_ _2b\"></span>es and non<span class=\"ls0 ws0\">-</span>current as<span class=\"_ _0\"></span>sets <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2e ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">A non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">cur<span class=\"_ _2b\"></span>rent asset (or <span class=\"_ _0\"></span>disposa<span class=\"_ _0\"></span>l group, s<span class=\"_ _2b\"></span>uch as subsidi<span class=\"_ _0\"></span>aries) i<span class=\"_ _0\"></span>s </span></div>\n<div class=\"t m0 x7 h4f yb2f ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">classif<span class=\"_ _0\"></span>ied as \u2018hel<span class=\"_ _0\"></span>d for sale\u2019 if it is<span class=\"_ _0\"></span> availab<span class=\"_ _0\"></span>le for imm<span class=\"_ _0\"></span>ediate sale in<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>its</div>\n<div class=\"t m0 x7 h4f yb30 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> conditio<span class=\"_ _2b\"></span>n and if its sale is high<span class=\"_ _0\"></span>ly probab<span class=\"_ _0\"></span>le. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y977 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">A sale i<span class=\"_ _2\"></span>s highly probable i<span class=\"_ _2\"></span>f:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y978 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 wsfa\">T<span class=\"_ _2\"></span>here is evidence o<span class=\"_ _2\"></span>f managemen<span class=\"lsf4 ws0\">t commitment;<span class=\"ls0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y979 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">There is an act<span class=\"_ _0\"></span>ive pro<span class=\"_ _0\"></span>gramme t<span class=\"_ _2b\"></span>o locate a buye<span class=\"_ _0\"></span>r and co<span class=\"_ _0\"></span>mplete t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x6c h4f y97a ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">plan;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97b ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">T<span class=\"_ _2\"></span>he asset is actively marketed<span class=\"_ _2\"></span> for sale at a reasonable pric<span class=\"_ _2\"></span>e </span></span></div>\n<div class=\"t m0 x6c h4f y97c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compared to i<span class=\"_ _2\"></span>ts fair value;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97d ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">The sale is expect<span class=\"_ _0\"></span>ed to be comp<span class=\"_ _0\"></span>leted wit<span class=\"_ _0\"></span>hin 12 month<span class=\"_ _2b\"></span>s of the date </span></span></div>\n<div class=\"t m0 x6c h4f yb32 ff9c fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">of cla<span class=\"_ _2\"></span>ssificat<span class=\"_ _2\"></span>io<span class=\"ls0 ws0\">n; <span class=\"lse2 wsf1\">a<span class=\"_ _2\"></span>nd</span> </span></div>\n<div class=\"t m0 x1a h4f yb33 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">A<span class=\"_ _2\"></span>ctions required to complete<span class=\"_ _2\"></span> the plan indicate that it is<span class=\"_ _2\"></span> unlikely that </span></span></div>\n<div class=\"t m0 x6c h4f yb34 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">there wi<span class=\"_ _0\"></span>ll be si<span class=\"_ _0\"></span>gnifica<span class=\"_ _2b\"></span>nt changes to th<span class=\"_ _2b\"></span>e plan or that it <span class=\"_ _2b\"></span>will be</div>\n<div class=\"t m0 x6c h4f yb35 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">withdr<span class=\"_ _0\"></span>awn.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb36 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb37 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">current asset<span class=\"_ _2b\"></span>s (or disposal grou<span class=\"_ _0\"></span>ps) class<span class=\"_ _0\"></span>ified as hel<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>for sa<span class=\"_ _0\"></span>le are </span></span></div>\n<div class=\"t m0 x1a h4f yb38 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at the lowe<span class=\"_ _2b\"></span>r of <span class=\"_ _2\"></span>the<span class=\"_ _2b\"></span>ir carrying amount a<span class=\"_ _2b\"></span>nd their fair value les<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f yb39 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">costs to s<span class=\"_ _2b\"></span>ell. Further<span class=\"_ _0\"></span>more, fol<span class=\"_ _2b\"></span>lowing charact<span class=\"_ _2b\"></span>eristic apply:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3a ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">Measurement at<span class=\"_ _0\"></span> the lo<span class=\"_ _0\"></span>wer of th<span class=\"_ _0\"></span>e carry<span class=\"_ _2b\"></span>ing amount an<span class=\"_ _0\"></span>d fair val<span class=\"_ _2b\"></span>ue less </span></span></div>\n<div class=\"t m0 x6c h4f yb3b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">costs to s<span class=\"_ _2b\"></span>ell does not ap<span class=\"_ _0\"></span>ply to as<span class=\"_ _0\"></span>sets t<span class=\"_ _0\"></span>hat are e<span class=\"_ _0\"></span>xempt fr<span class=\"_ _2b\"></span>om this rule,</div>\n<div class=\"t m0 x6c h4f yb3c ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">such as (re<span class=\"_ _0\"></span>)<span class=\"wsfa\">insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>ract li<span class=\"_ _0\"></span>abiliti<span class=\"_ _0\"></span>es withi<span class=\"_ _0\"></span>n the sc<span class=\"_ _0\"></span>ope of IF<span class=\"_ _2b\"></span>RS 4, </span></div>\n<div class=\"t m0 x6c h4f yb3d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets w<span class=\"_ _0\"></span>ithin the<span class=\"_ _0\"></span> scope of IAS 39,<span class=\"_ _0\"></span> deferr<span class=\"_ _0\"></span>ed tax assets</div>\n<div class=\"t m0 x6c h4f yb3e ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">within t<span class=\"_ _0\"></span>he scop<span class=\"_ _0\"></span>e of IAS <span class=\"_ _0\"></span>12 and as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>ising f<span class=\"_ _0\"></span>rom emp<span class=\"_ _0\"></span>loyee</div>\n<div class=\"t m0 x6c h4f yb3f ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s withi<span class=\"_ _0\"></span>n the sco<span class=\"_ _0\"></span>pe of IAS <span class=\"_ _2b\"></span>19;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb40 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Current assets a<span class=\"_ _0\"></span>nd all liabil<span class=\"_ _0\"></span>ities <span class=\"lse2 ws103\">are measured applying the<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x6c h4f yb41 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applicable IFRS<span class=\"_ _2\"></span> standard;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb42 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Not depreciate<span class=\"_ _0\"></span>d or amortis<span class=\"_ _0\"></span>ed; and<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb43 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">Presented sep<span class=\"_ _0\"></span>arately<span class=\"_ _0\"></span> in the co<span class=\"_ _2b\"></span>nsolidated sta<span class=\"_ _0\"></span>tement <span class=\"_ _0\"></span>of finan<span class=\"_ _0\"></span>cial </span></span></div>\n<div class=\"t m0 x6c h4f yb44 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n, witho<span class=\"_ _0\"></span>ut offsett<span class=\"_ _0\"></span>ing of asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilities.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb45 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb46 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The date of dis<span class=\"_ _2b\"></span>posal of a subsidia<span class=\"_ _0\"></span>ry or disp<span class=\"_ _0\"></span>osal <span class=\"lse2 ws103\">group is the date on </span></div>\n<div class=\"t m0 x1a h4f yb47 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which cont<span class=\"_ _2b\"></span>rol passes. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb48 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb49 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed incom<span class=\"_ _2b\"></span>e statement inc<span class=\"_ _0\"></span>ludes t<span class=\"_ _2b\"></span>he results of <span class=\"_ _0\"></span>a subsidi<span class=\"_ _0\"></span>ary</div>\n<div class=\"t m0 x1a h4f yb4a ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or a disposa<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>grou<span class=\"_ _2b\"></span>p up to <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e date of disp<span class=\"_ _2b\"></span>osal. The gain or loss o<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x1a h4f yb4b ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span> is the diff<span class=\"_ _0\"></span>erence bet<span class=\"_ _0\"></span>ween:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4c ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">The proceeds of<span class=\"_ _0\"></span> the sal<span class=\"_ _2b\"></span>e; and <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb4d ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">T<span class=\"_ _2\"></span>he c<span class=\"lse0 wsf0\">arry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of the net ass<span class=\"_ _2b\"></span>ets plus any attribut<span class=\"_ _2b\"></span>able goodwill </span></span></span></div>\n<div class=\"t m0 x6c h4f yb4e ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and amou<span class=\"_ _0\"></span>nts accumu<span class=\"_ _2b\"></span>lated in other comp<span class=\"_ _0\"></span>rehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e (for</div>\n<div class=\"t m0 x6c h4f yb4f ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">example,<span class=\"_ _0\"></span> foreign t<span class=\"_ _0\"></span>ranslati<span class=\"_ _2b\"></span>on adjustments an<span class=\"_ _0\"></span>d availab<span class=\"_ _2b\"></span>le<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-<span class=\"lsfb wsfa\">sal<span class=\"_ _2\"></span>e </span></span></div>\n<div class=\"t m0 x6c h4f yb50 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reserves<span class=\"_ _2b\"></span>).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb51 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f yb52 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A discont<span class=\"_ _0\"></span>inued op<span class=\"_ _0\"></span>eration is a pa<span class=\"_ _2b\"></span>rt of Ageas that has be<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\"> </span>dispos<span class=\"_ _0\"></span>ed of or</div>\n<div class=\"t m0 x1a h4f yb53 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is classif<span class=\"_ _2b\"></span>ied as held for sale and:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb54 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 wsfa\">R<span class=\"_ _2\"></span>epresents a separ<span class=\"_ _2\"></span>ate major line of<span class=\"_ _2\"></span> business or geog<span class=\"_ _2\"></span>raphical area </span></span></div>\n<div class=\"t m0 x6c h4f yb55 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of operat<span class=\"_ _0\"></span>ions;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb56 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">Is<span class=\"_ _2\"></span> part of a single co</span><span class=\"ff9c\">-<span class=\"lse2 ws103\">ord<span class=\"_ _2\"></span>inated plan to dispose of a<span class=\"_ _2\"></span> separate major </span></span></span></div>\n<div class=\"t m0 x6c h4f yb57 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">line of bu<span class=\"_ _2\"></span>siness or geograph<span class=\"_ _2\"></span>ical area of oper<span class=\"_ _2\"></span>ations<span class=\"ls0 ws0\">; o<span class=\"lse0 wsef\">r </span> </span></div>\n<div class=\"t m0 x1a h4f yb58 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Is a <span class=\"_ _2\"></span>su<span class=\"_ _0\"></span>bsidiary<span class=\"_ _0\"></span> acquir<span class=\"_ _0\"></span>ed exclus<span class=\"_ _0\"></span>ively with a v<span class=\"_ _0\"></span>iew to resa<span class=\"_ _0\"></span>le.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb59 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb5a ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Results on<span class=\"_ _2\"></span> discontinued operat<span class=\"_ _2\"></span>ions are presented<span class=\"_ _2\"></span> separately in t<span class=\"_ _2\"></span>he</div>\n<div class=\"t m0 x1a h4f yb5b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 152px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 62px; width: 321px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 776px; width: 354px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 67px; width: 321px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag400": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x7 h4f y8a3 ff9c fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Dispos<span class=\"_ _0\"></span>al of subsid<span class=\"_ _0\"></span>iaries,<span class=\"_ _0\"></span> business<span class=\"_ _2b\"></span>es and non<span class=\"ls0 ws0\">-</span>current as<span class=\"_ _0\"></span>sets <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2e ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">A non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">cur<span class=\"_ _2b\"></span>rent asset (or <span class=\"_ _0\"></span>disposa<span class=\"_ _0\"></span>l group, s<span class=\"_ _2b\"></span>uch as subsidi<span class=\"_ _0\"></span>aries) i<span class=\"_ _0\"></span>s </span></div>\n<div class=\"t m0 x7 h4f yb2f ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">classif<span class=\"_ _0\"></span>ied as \u2018hel<span class=\"_ _0\"></span>d for sale\u2019 if it is<span class=\"_ _0\"></span> availab<span class=\"_ _0\"></span>le for imm<span class=\"_ _0\"></span>ediate sale in<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>its</div>\n<div class=\"t m0 x7 h4f yb30 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> conditio<span class=\"_ _2b\"></span>n and if its sale is high<span class=\"_ _0\"></span>ly probab<span class=\"_ _0\"></span>le. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y977 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">A sale i<span class=\"_ _2\"></span>s highly probable i<span class=\"_ _2\"></span>f:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y978 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 wsfa\">T<span class=\"_ _2\"></span>here is evidence o<span class=\"_ _2\"></span>f managemen<span class=\"lsf4 ws0\">t commitment;<span class=\"ls0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y979 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">There is an act<span class=\"_ _0\"></span>ive pro<span class=\"_ _0\"></span>gramme t<span class=\"_ _2b\"></span>o locate a buye<span class=\"_ _0\"></span>r and co<span class=\"_ _0\"></span>mplete t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x6c h4f y97a ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">plan;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97b ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">T<span class=\"_ _2\"></span>he asset is actively marketed<span class=\"_ _2\"></span> for sale at a reasonable pric<span class=\"_ _2\"></span>e </span></span></div>\n<div class=\"t m0 x6c h4f y97c ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compared to i<span class=\"_ _2\"></span>ts fair value;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97d ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">The sale is expect<span class=\"_ _0\"></span>ed to be comp<span class=\"_ _0\"></span>leted wit<span class=\"_ _0\"></span>hin 12 month<span class=\"_ _2b\"></span>s of the date </span></span></div>\n<div class=\"t m0 x6c h4f yb32 ff9c fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">of cla<span class=\"_ _2\"></span>ssificat<span class=\"_ _2\"></span>io<span class=\"ls0 ws0\">n; <span class=\"lse2 wsf1\">a<span class=\"_ _2\"></span>nd</span> </span></div>\n<div class=\"t m0 x1a h4f yb33 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">A<span class=\"_ _2\"></span>ctions required to complete<span class=\"_ _2\"></span> the plan indicate that it is<span class=\"_ _2\"></span> unlikely that </span></span></div>\n<div class=\"t m0 x6c h4f yb34 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">there wi<span class=\"_ _0\"></span>ll be si<span class=\"_ _0\"></span>gnifica<span class=\"_ _2b\"></span>nt changes to th<span class=\"_ _2b\"></span>e plan or that it <span class=\"_ _2b\"></span>will be</div>\n<div class=\"t m0 x6c h4f yb35 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">withdr<span class=\"_ _0\"></span>awn.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb36 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb37 ff9c fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">current asset<span class=\"_ _2b\"></span>s (or disposal grou<span class=\"_ _0\"></span>ps) class<span class=\"_ _0\"></span>ified as hel<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>for sa<span class=\"_ _0\"></span>le are </span></span></div>\n<div class=\"t m0 x1a h4f yb38 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at the lowe<span class=\"_ _2b\"></span>r of <span class=\"_ _2\"></span>the<span class=\"_ _2b\"></span>ir carrying amount a<span class=\"_ _2b\"></span>nd their fair value les<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f yb39 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">costs to s<span class=\"_ _2b\"></span>ell. Further<span class=\"_ _0\"></span>more, fol<span class=\"_ _2b\"></span>lowing charact<span class=\"_ _2b\"></span>eristic apply:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3a ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">Measurement at<span class=\"_ _0\"></span> the lo<span class=\"_ _0\"></span>wer of th<span class=\"_ _0\"></span>e carry<span class=\"_ _2b\"></span>ing amount an<span class=\"_ _0\"></span>d fair val<span class=\"_ _2b\"></span>ue less </span></span></div>\n<div class=\"t m0 x6c h4f yb3b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">costs to s<span class=\"_ _2b\"></span>ell does not ap<span class=\"_ _0\"></span>ply to as<span class=\"_ _0\"></span>sets t<span class=\"_ _0\"></span>hat are e<span class=\"_ _0\"></span>xempt fr<span class=\"_ _2b\"></span>om this rule,</div>\n<div class=\"t m0 x6c h4f yb3c ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">such as (re<span class=\"_ _0\"></span>)<span class=\"wsfa\">insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>ract li<span class=\"_ _0\"></span>abiliti<span class=\"_ _0\"></span>es withi<span class=\"_ _0\"></span>n the sc<span class=\"_ _0\"></span>ope of IF<span class=\"_ _2b\"></span>RS 4, </span></div>\n<div class=\"t m0 x6c h4f yb3d ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets w<span class=\"_ _0\"></span>ithin the<span class=\"_ _0\"></span> scope of IAS 39,<span class=\"_ _0\"></span> deferr<span class=\"_ _0\"></span>ed tax assets</div>\n<div class=\"t m0 x6c h4f yb3e ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">within t<span class=\"_ _0\"></span>he scop<span class=\"_ _0\"></span>e of IAS <span class=\"_ _0\"></span>12 and as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>ising f<span class=\"_ _0\"></span>rom emp<span class=\"_ _0\"></span>loyee</div>\n<div class=\"t m0 x6c h4f yb3f ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s withi<span class=\"_ _0\"></span>n the sco<span class=\"_ _0\"></span>pe of IAS <span class=\"_ _2b\"></span>19;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb40 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Current assets a<span class=\"_ _0\"></span>nd all liabil<span class=\"_ _0\"></span>ities <span class=\"lse2 ws103\">are measured applying the<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x6c h4f yb41 ff9c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applicable IFRS<span class=\"_ _2\"></span> standard;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb42 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Not depreciate<span class=\"_ _0\"></span>d or amortis<span class=\"_ _0\"></span>ed; and<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb43 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">Presented sep<span class=\"_ _0\"></span>arately<span class=\"_ _0\"></span> in the co<span class=\"_ _2b\"></span>nsolidated sta<span class=\"_ _0\"></span>tement <span class=\"_ _0\"></span>of finan<span class=\"_ _0\"></span>cial </span></span></div>\n<div class=\"t m0 x6c h4f yb44 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n, witho<span class=\"_ _0\"></span>ut offsett<span class=\"_ _0\"></span>ing of asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilities.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb45 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb46 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The date of dis<span class=\"_ _2b\"></span>posal of a subsidia<span class=\"_ _0\"></span>ry or disp<span class=\"_ _0\"></span>osal <span class=\"lse2 ws103\">group is the date on </span></div>\n<div class=\"t m0 x1a h4f yb47 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which cont<span class=\"_ _2b\"></span>rol passes. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb48 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb49 ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed incom<span class=\"_ _2b\"></span>e statement inc<span class=\"_ _0\"></span>ludes t<span class=\"_ _2b\"></span>he results of <span class=\"_ _0\"></span>a subsidi<span class=\"_ _0\"></span>ary</div>\n<div class=\"t m0 x1a h4f yb4a ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or a disposa<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>grou<span class=\"_ _2b\"></span>p up to <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e date of disp<span class=\"_ _2b\"></span>osal. The gain or loss o<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x1a h4f yb4b ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span> is the diff<span class=\"_ _0\"></span>erence bet<span class=\"_ _0\"></span>ween:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4c ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsfa\">The proceeds of<span class=\"_ _0\"></span> the sal<span class=\"_ _2b\"></span>e; and <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb4d ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">T<span class=\"_ _2\"></span>he c<span class=\"lse0 wsf0\">arry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of the net ass<span class=\"_ _2b\"></span>ets plus any attribut<span class=\"_ _2b\"></span>able goodwill </span></span></span></div>\n<div class=\"t m0 x6c h4f yb4e ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and amou<span class=\"_ _0\"></span>nts accumu<span class=\"_ _2b\"></span>lated in other comp<span class=\"_ _0\"></span>rehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e (for</div>\n<div class=\"t m0 x6c h4f yb4f ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">example,<span class=\"_ _0\"></span> foreign t<span class=\"_ _0\"></span>ranslati<span class=\"_ _2b\"></span>on adjustments an<span class=\"_ _0\"></span>d availab<span class=\"_ _2b\"></span>le<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-<span class=\"lsfb wsfa\">sal<span class=\"_ _2\"></span>e </span></span></div>\n<div class=\"t m0 x6c h4f yb50 ff9c fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reserves<span class=\"_ _2b\"></span>).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb51 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f yb52 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A discont<span class=\"_ _0\"></span>inued op<span class=\"_ _0\"></span>eration is a pa<span class=\"_ _2b\"></span>rt of Ageas that has be<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\"> </span>dispos<span class=\"_ _0\"></span>ed of or</div>\n<div class=\"t m0 x1a h4f yb53 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is classif<span class=\"_ _2b\"></span>ied as held for sale and:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb54 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 wsfa\">R<span class=\"_ _2\"></span>epresents a separ<span class=\"_ _2\"></span>ate major line of<span class=\"_ _2\"></span> business or geog<span class=\"_ _2\"></span>raphical area </span></span></div>\n<div class=\"t m0 x6c h4f yb55 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of operat<span class=\"_ _0\"></span>ions;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb56 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">Is<span class=\"_ _2\"></span> part of a single co</span><span class=\"ff9c\">-<span class=\"lse2 ws103\">ord<span class=\"_ _2\"></span>inated plan to dispose of a<span class=\"_ _2\"></span> separate major </span></span></span></div>\n<div class=\"t m0 x6c h4f yb57 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">line of bu<span class=\"_ _2\"></span>siness or geograph<span class=\"_ _2\"></span>ical area of oper<span class=\"_ _2\"></span>ations<span class=\"ls0 ws0\">; o<span class=\"lse0 wsef\">r </span> </span></div>\n<div class=\"t m0 x1a h4f yb58 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Is a <span class=\"_ _2\"></span>su<span class=\"_ _0\"></span>bsidiary<span class=\"_ _0\"></span> acquir<span class=\"_ _0\"></span>ed exclus<span class=\"_ _0\"></span>ively with a v<span class=\"_ _0\"></span>iew to resa<span class=\"_ _0\"></span>le.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb59 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb5a ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Results on<span class=\"_ _2\"></span> discontinued operat<span class=\"_ _2\"></span>ions are presented<span class=\"_ _2\"></span> separately in t<span class=\"_ _2\"></span>he</div>\n<div class=\"t m0 x1a h4f yb5b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 152px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 62px; width: 321px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag411": {
   "value": "\n<div class=\"t m0 x1a h4f yb52 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A discont<span class=\"_ _0\"></span>inued op<span class=\"_ _0\"></span>eration is a pa<span class=\"_ _2b\"></span>rt of Ageas that has be<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\"> </span>dispos<span class=\"_ _0\"></span>ed of or</div>\n<div class=\"t m0 x1a h4f yb53 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is classif<span class=\"_ _2b\"></span>ied as held for sale and:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb54 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 wsfa\">R<span class=\"_ _2\"></span>epresents a separ<span class=\"_ _2\"></span>ate major line of<span class=\"_ _2\"></span> business or geog<span class=\"_ _2\"></span>raphical area </span></span></div>\n<div class=\"t m0 x6c h4f yb55 ff9c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of operat<span class=\"_ _0\"></span>ions;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb56 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse2 ws103\">Is<span class=\"_ _2\"></span> part of a single co</span><span class=\"ff9c\">-<span class=\"lse2 ws103\">ord<span class=\"_ _2\"></span>inated plan to dispose of a<span class=\"_ _2\"></span> separate major </span></span></span></div>\n<div class=\"t m0 x6c h4f yb57 ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">line of bu<span class=\"_ _2\"></span>siness or geograph<span class=\"_ _2\"></span>ical area of oper<span class=\"_ _2\"></span>ations<span class=\"ls0 ws0\">; o<span class=\"lse0 wsef\">r </span> </span></div>\n<div class=\"t m0 x1a h4f yb58 ff9e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff9f\"> <span class=\"_ _46\"> </span><span class=\"ff9c lse0 wsf0\">Is a <span class=\"_ _2\"></span>su<span class=\"_ _0\"></span>bsidiary<span class=\"_ _0\"></span> acquir<span class=\"_ _0\"></span>ed exclus<span class=\"_ _0\"></span>ively with a v<span class=\"_ _0\"></span>iew to resa<span class=\"_ _0\"></span>le.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb59 ff9c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb5a ff9c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Results on<span class=\"_ _2\"></span> discontinued operat<span class=\"_ _2\"></span>ions are presented<span class=\"_ _2\"></span> separately in t<span class=\"_ _2\"></span>he</div>\n<div class=\"t m0 x1a h4f yb5b ff9c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 152px; width: 354px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag401": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ffa2 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ffa2 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Foreign currency<span class=\"ls0 ws0\"> <span class=\"ls10f ws132\">transactions<span class=\"_ _0\"></span> and balances<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y79e ffa0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Individual <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">ent<span class=\"_ _0\"></span>ities of<span class=\"_ _0\"></span> Ageas ac<span class=\"_ _2b\"></span>count for for<span class=\"_ _0\"></span>eign cur<span class=\"_ _0\"></span>rency t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions </span></div>\n<div class=\"t m0 x7 h4f y79f ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">using t<span class=\"_ _0\"></span>he excha<span class=\"_ _0\"></span>nge rat<span class=\"_ _0\"></span>e at the <span class=\"_ _0\"></span>date of t<span class=\"_ _0\"></span>he trans<span class=\"_ _2b\"></span>action.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7a0 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7a1 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At the end of a rep<span class=\"_ _2b\"></span>orting period, outs<span class=\"_ _0\"></span>tandin<span class=\"_ _0\"></span>g balanc<span class=\"_ _0\"></span>es in foreig<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f ya7f ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">currenci<span class=\"_ _2b\"></span>es on monetary items<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>e translat<span class=\"_ _0\"></span>ed at the exc<span class=\"_ _0\"></span>hange rat<span class=\"_ _0\"></span>e at the</div>\n<div class=\"t m0 x7 h4f ya80 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"lse2 ws103\">nd of the rep<span class=\"_ _2\"></span>orting period. Foreign<span class=\"_ _2\"></span> exchange differences ari<span class=\"_ _2\"></span>sing from </span></div>\n<div class=\"t m0 x7 h4f ya81 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">monetary<span class=\"_ _0\"></span> assets th<span class=\"_ _0\"></span>at are class<span class=\"_ _0\"></span>ified as av<span class=\"_ _0\"></span>ailable<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for<span class=\"_ _2\"></span></span>-<span class=\"lse2 wsfa\">sale are re<span class=\"_ _2\"></span>cognised </span></span></div>\n<div class=\"t m0 x7 h4f ya82 ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> for the <span class=\"_ _2b\"></span>exchange diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s result<span class=\"_ _0\"></span>ing from</div>\n<div class=\"t m0 x7 h4f ya83 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes in a<span class=\"_ _2b\"></span>mortised cost. Ot<span class=\"_ _0\"></span>her fair val<span class=\"_ _2b\"></span>ue gains and losses o<span class=\"_ _0\"></span>n those</div>\n<div class=\"t m0 x7 h4f ya84 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents are re<span class=\"_ _2b\"></span>cognised in other c<span class=\"_ _0\"></span>ompreh<span class=\"_ _0\"></span>ensive inc<span class=\"_ _2b\"></span>ome.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yacd ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yace ffa0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">monetary ite<span class=\"_ _0\"></span>ms that are me<span class=\"_ _2b\"></span>asured in terms of his<span class=\"_ _0\"></span>torical<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>cost<span class=\"_ _0\"></span> are </span></span></div>\n<div class=\"t m0 x7 h4f yacf ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ated usin<span class=\"_ _2b\"></span>g the historic<span class=\"_ _0\"></span>al excha<span class=\"_ _2b\"></span>nge rate that ex<span class=\"_ _2b\"></span>isted at the dat<span class=\"_ _2b\"></span>e of</div>\n<div class=\"t m0 x7 h4f yad0 ffa0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the transaction<span class=\"_ _2\"></span>. Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">moneta<span class=\"_ _0\"></span>ry<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">items t<span class=\"_ _0\"></span>hat are m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r value a<span class=\"_ _0\"></span>re </span></span></span></div>\n<div class=\"t m0 x7 h4f yad1 ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ated usin<span class=\"_ _0\"></span>g the ex<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e rate at<span class=\"_ _2b\"></span> the date that t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue is</div>\n<div class=\"t m0 x7 h4f yad2 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned. The resulting<span class=\"_ _0\"></span> exchange g<span class=\"_ _2b\"></span>ains or losses are rec<span class=\"_ _0\"></span>ognised i<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f yad3 ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement as <span class=\"_ _0\"></span>change <span class=\"_ _0\"></span>in forei<span class=\"_ _0\"></span>gn curre<span class=\"_ _0\"></span>ncy diff<span class=\"_ _2b\"></span>erences, exce<span class=\"_ _0\"></span>pt</div>\n<div class=\"t m0 x7 h4f yad4 ffa0 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">those non</span>-<span class=\"lse0 wsfa\">mon<span class=\"_ _0\"></span>etary it<span class=\"_ _0\"></span>ems whos<span class=\"_ _0\"></span>e fair val<span class=\"_ _2b\"></span>ue change is r<span class=\"_ _0\"></span>ecorded <span class=\"_ _0\"></span>in </span></span></div>\n<div class=\"t m0 x7 h4f yb5e ffa0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">other compre<span class=\"_ _2\"></span>hensive income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7b1 ffa0 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Foreign curre<span class=\"_ _2\"></span>ncy translation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7b2 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Upon consolidat<span class=\"_ _0\"></span>ion, Ageas tra<span class=\"_ _0\"></span>nslates the st<span class=\"_ _0\"></span>atement of financ<span class=\"_ _0\"></span>ial position of</div>\n<div class=\"t m0 x7 h4f y7b3 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">foreign entities,<span class=\"_ _0\"></span> whose function<span class=\"_ _0\"></span>al currency is<span class=\"_ _0\"></span> not denominated i<span class=\"_ _0\"></span>n euro, and</div>\n<div class=\"t m0 x7 h4f y7b4 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">whose economy i<span class=\"_ _0\"></span>s not considered hy<span class=\"_ _0\"></span>perinflation<span class=\"_ _0\"></span>ary at the report<span class=\"_ _0\"></span>ing date,</div>\n<div class=\"t m0 x7 h4f y7b5 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">using the excha<span class=\"_ _0\"></span>nge rate prevaili<span class=\"_ _0\"></span>ng at the date of the s<span class=\"_ _0\"></span>tatement of f<span class=\"_ _0\"></span>inancial</div>\n<div class=\"t m0 x7 h4f y7b6 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">position. The inc<span class=\"_ _0\"></span>ome statement<span class=\"_ _0\"></span> and cash flow s<span class=\"_ _0\"></span>tatement of t<span class=\"_ _0\"></span>hose foreign</div>\n<div class=\"t m0 x7 h4f y7b7 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">entities is transl<span class=\"_ _2b\"></span>ated at the average daily exc<span class=\"_ _0\"></span>hange rates for t<span class=\"_ _0\"></span>he current</div>\n<div class=\"t m0 x7 h4f y7b8 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reporting period (<span class=\"_ _2b\"></span>or exceptionally at the exchang<span class=\"_ _2b\"></span>e rate at the date of the</div>\n<div class=\"t m0 x7 h4f y7b9 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">transaction if<span class=\"_ _0\"></span> exchange rates f<span class=\"_ _0\"></span>luctuate signif<span class=\"_ _0\"></span>icantly).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7ba ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7bb ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Ageas recognis<span class=\"_ _0\"></span>es exchange dif<span class=\"_ _0\"></span>ferences on f<span class=\"_ _0\"></span>oreign entities in ot<span class=\"_ _0\"></span>he<span class=\"ws130\">r </span></div>\n<div class=\"t m0 x7 h4f y7bc ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">comprehensive i<span class=\"_ _2b\"></span>ncome. On disposal of a foreign e<span class=\"_ _0\"></span>ntity, previously</div>\n<div class=\"t m0 x7 h4f y7bd ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">recognised exc<span class=\"_ _0\"></span>hange differenc<span class=\"_ _0\"></span>es are recycl<span class=\"_ _0\"></span>ed and are reclass<span class=\"_ _0\"></span>ified from</div>\n<div class=\"t m0 x7 h4f y7be ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">other comprehe<span class=\"_ _0\"></span>nsive income t<span class=\"_ _0\"></span>o the income stat<span class=\"_ _0\"></span>ement as part of<span class=\"_ _0\"></span> the gain</div>\n<div class=\"t m0 x7 h4f y7bf ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">or loss on the sale. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7c0 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7c1 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Exchange diff<span class=\"_ _0\"></span>erences arising on m<span class=\"_ _2b\"></span>onetary items, borrowings<span class=\"_ _0\"></span> and other</div>\n<div class=\"t m0 x7 h4f y7c2 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">currency instrum<span class=\"_ _2b\"></span>ents, designated as hedges of a net<span class=\"_ _0\"></span> investment in a</div>\n<div class=\"t m0 x7 h4f y7c3 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">foreign entity,<span class=\"_ _0\"></span> are recognised in ot<span class=\"_ _0\"></span>her comprehens<span class=\"_ _0\"></span>ive income, until t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f yb5f ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">disposal of the net<span class=\"_ _0\"></span> investment, ex<span class=\"_ _0\"></span>cept for any hedg<span class=\"_ _0\"></span>e ineffectivenes<span class=\"_ _0\"></span>s that is</div>\n<div class=\"t m0 x1a h4f yb60 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">immediately rec<span class=\"_ _0\"></span>ognised in the i<span class=\"_ _0\"></span>ncome statement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb61 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb62 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Goodwill and fai<span class=\"_ _0\"></span>r value adjustme<span class=\"_ _2b\"></span>nts arising on the acquisiti<span class=\"_ _0\"></span>on of a foreign</div>\n<div class=\"t m0 x1a h4f yb63 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">entity are treat<span class=\"_ _0\"></span>ed as assets and lia<span class=\"_ _0\"></span>bilities of the f<span class=\"_ _0\"></span>oreign entity and are</div>\n<div class=\"t m0 x1a h4f yb64 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">translated at t<span class=\"_ _0\"></span>he closing exchang<span class=\"_ _2b\"></span>e rate on the date of the statement of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yb65 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">financial positi<span class=\"_ _2b\"></span>on. Ageas recognises all result<span class=\"_ _0\"></span>ing exchange dif<span class=\"_ _0\"></span>ferences in</div>\n<div class=\"t m0 x1a h4f yb66 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">other comprehe<span class=\"_ _0\"></span>nsive income unt<span class=\"_ _0\"></span>il disposal of t<span class=\"_ _0\"></span>he foreign entit<span class=\"_ _0\"></span>y. At that</div>\n<div class=\"t m0 x1a h4f yb67 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">moment, a recyc<span class=\"_ _0\"></span>ling to the incom<span class=\"_ _0\"></span>e statement takes pl<span class=\"_ _2b\"></span>ace. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb68 ffa0 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Hyperinf<span class=\"_ _2b\"></span>lation in T\u00fcrkiye<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb69 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"ls10d wsfa\">onsidering the crit<span class=\"_ _2b\"></span>eria in IAS 29 \u2018Financial repo<span class=\"_ _0\"></span>rting in hyperinf<span class=\"_ _0\"></span>lationary </span></div>\n<div class=\"t m0 x1a h4f yb6a ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">economies\u2019, the T<span class=\"_ _0\"></span>urkish econ<span class=\"_ _0\"></span>omy is considered to b<span class=\"_ _2b\"></span>e hyperinflationary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb6b ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">on 31 December 2<span class=\"_ _0\"></span>022. At that date,<span class=\"_ _0\"></span> the three<span class=\"ls0 ws0\">-</span>year c<span class=\"_ _0\"></span>umulative inf<span class=\"_ _0\"></span>lation in</div>\n<div class=\"t m0 x1a h4f yb6c ffa0 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">T\u00fcrk<span class=\"ls110 ws103\">iye<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">exceeds 10<span class=\"_ _2b\"></span>0% (<span class=\"ws130\">156<span class=\"wsf0\">%), based o</span></span>n the consumer pric<span class=\"_ _0\"></span>e index </span></div>\n<div class=\"t m0 x1a h4f yb6d ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">published by the T<span class=\"_ _0\"></span>urkish Statist<span class=\"_ _0\"></span>ical Instit<span class=\"_ _0\"></span>ute. Consequently,<span class=\"_ _2b\"></span> Ageas applied</div>\n<div class=\"t m0 x1a h4f yb6e ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">in these <span class=\"ls0 ws0\">c</span><span class=\"ws130\">onsoli<span class=\"_ _0\"></span>dated <span class=\"ls0 ws0\">f<span class=\"ls113 ws104\">inancial </span>s</span><span class=\"wsfa\">t<span class=\"_ _0\"></span>atements for t<span class=\"_ _0\"></span>he first time the </span></span></div>\n<div class=\"t m0 x1a h4f yb6f ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">requirements in I<span class=\"_ _0\"></span>AS 29 to the financ<span class=\"_ _0\"></span>ial statement<span class=\"_ _0\"></span>s of its Turkish as<span class=\"_ _0\"></span>sociates</div>\n<div class=\"t m0 x1a h4f yb70 ffa0 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">\u2018Aksigorta<span class=\"ls111 ws103\">\u2019 and \u2018AgeSA\u2019.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yb71 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb72 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">An entity that is req<span class=\"_ _2b\"></span>uired to apply IAS 29 shall state t<span class=\"_ _0\"></span>he financial</div>\n<div class=\"t m0 x1a h4f yb73 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">statements that<span class=\"_ _0\"></span> are prepared in the c<span class=\"_ _0\"></span>urrency of a hyp<span class=\"_ _2b\"></span>erinflationary</div>\n<div class=\"t m0 x1a h4f yb74 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">economy in the ter<span class=\"_ _0\"></span>ms of their purchas<span class=\"_ _0\"></span>ing power at the r<span class=\"_ _0\"></span>eporting date. T<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yb75 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">calculate its sha<span class=\"_ _0\"></span>re in the net asset<span class=\"_ _0\"></span>s and results of t<span class=\"_ _0\"></span>hese Turkish</div>\n<div class=\"t m0 x1a h4f yb76 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">associates, Ag<span class=\"_ _0\"></span>eas adjusts no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-</span>monetary as<span class=\"_ _0\"></span>sets and liabilit<span class=\"_ _2b\"></span>ies stated at</div>\n<div class=\"t m0 x1a h4f yb77 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">historical cost<span class=\"_ _0\"></span>, equity and items<span class=\"_ _0\"></span> in the income stat<span class=\"_ _0\"></span>ement for chan<span class=\"_ _2b\"></span>ges in</div>\n<div class=\"t m0 x1a h4f yb78 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">purchasing pow<span class=\"_ _0\"></span>er, using the consum<span class=\"_ _2b\"></span>er price index published by the</div>\n<div class=\"t m0 x1a h4f yb79 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Turkish Statisti<span class=\"_ _0\"></span>cal Institut<span class=\"_ _0\"></span>e. In a second st<span class=\"_ _0\"></span>ep, the adjusted<span class=\"_ _0\"></span> financial</div>\n<div class=\"t m0 x1a h4f yb7a ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">statements ar<span class=\"_ _0\"></span>e translated into e<span class=\"_ _0\"></span>uros at the excha<span class=\"_ _0\"></span>nge rate on 31 Dec<span class=\"_ _0\"></span>ember</div>\n<div class=\"t m0 x1a h4f yb7b ffa0 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">2022. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb7c ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb7d ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">In line with the req<span class=\"_ _0\"></span>uirements in I<span class=\"_ _0\"></span>AS 21 \u2018The effec<span class=\"_ _0\"></span>ts of changes in f<span class=\"_ _0\"></span>oreign</div>\n<div class=\"t m0 x1a h4f yb7e ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">exchange rates<span class=\"_ _0\"></span>\u2019, the comparative i<span class=\"_ _2b\"></span>nformation for the annual rep<span class=\"_ _0\"></span>orting</div>\n<div class=\"t m0 x1a h4f yb7f ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">period 2021 has no<span class=\"_ _0\"></span>t been restated.<span class=\"_ _0\"></span> Ageas recognis<span class=\"_ _0\"></span>ed the impact res<span class=\"_ _0\"></span>ulting</div>\n<div class=\"t m0 x1a h4f yb80 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">from the first<span class=\"ls0 ws0\">-</span>ti<span class=\"_ _0\"></span>me application of I<span class=\"_ _0\"></span>AS 29 in its cons<span class=\"_ _0\"></span>olidated equity on <span class=\"_ _2b\"></span>1</div>\n<div class=\"t m0 x1a h4f yb81 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">January 2022.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb82 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb83 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">The application of<span class=\"_ _0\"></span> IAS 29 resulted i<span class=\"_ _0\"></span>n an impact of EUR (<span class=\"_ _0\"></span>27) million in t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f yb84 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">consolidated inc<span class=\"_ _0\"></span>ome statement<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"ls10d wsfa\">and an impact of<span class=\"_ _0\"></span> EUR 149 millio<span class=\"_ _0\"></span>n in the </span></span></div>\n<div class=\"t m0 x1a h4f yb85 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">consolidated s<span class=\"_ _0\"></span>tatement of chan<span class=\"_ _0\"></span>ges in equity<span class=\"ls0 ws0\"> </span>ove<span class=\"_ _0\"></span>r the annual repo<span class=\"_ _2b\"></span>rting</div>\n<div class=\"t m0 x1a h4f yb86 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">period 2022.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 440px; height: 666px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 440px; height: 666px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffa4 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Exchang<span class=\"_ _2b\"></span>e rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the exchang<span class=\"lse0 wsf0\">e rates of the most<span class=\"_ _0\"></span> relevant c<span class=\"_ _0\"></span>urrenci<span class=\"_ _0\"></span>es for Ageas<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">1 euro =<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 341px; bottom: 1034px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ffa4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 456px; bottom: 1049px; z-index: 15;\">Rates at <span class=\"wsf3\">end of period<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19d h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 468px; bottom: 1034px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 1034px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ffa4 fs3c fc1f sc0 lsec wsfe\" style=\"left: 741px; bottom: 1049px; z-index: 15;\">Aver<span class=\"_ _2\"></span>age <span class=\"lsef ws10a\">rat<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x13c h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 1034px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ffa4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ffa4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 300px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ffa6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 427px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ffa6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 552px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ffa6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Pound sterling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 1004px; z-index: 15;\">0.89<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 1004px; z-index: 15;\">0.84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 1004px; z-index: 15;\">0.85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 1004px; z-index: 15;\">0.86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">US dollar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 989px; z-index: 15;\">1.07<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 989px; z-index: 15;\">1.13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 989px; z-index: 15;\">1.05<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 989px; z-index: 15;\">1.18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Hong Kong dollar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 974px; z-index: 15;\">8.32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 974px; z-index: 15;\">8.83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 974px; z-index: 15;\">8.24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 974px; z-index: 15;\">9.19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ffa4 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 959px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> <span class=\"lsef ws10a\">lira</span> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 959px; z-index: 15;\">19.96<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 959px; z-index: 15;\">15.23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 959px; z-index: 15;\">17.42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 959px; z-index: 15;\">10.51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">China yuan renminbi<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 945px; z-index: 15;\">7.36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 945px; z-index: 15;\">7.19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 945px; z-index: 15;\">7.08<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 945px; z-index: 15;\">7.63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Indian Rupee<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 930px; z-index: 15;\">88.17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 930px; z-index: 15;\">84.23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 930px; z-index: 15;\">82.68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 930px; z-index: 15;\">87.44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Malaysia ringgit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 915px; z-index: 15;\">4.70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 915px; z-index: 15;\">4.72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 915px; z-index: 15;\">4.63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 915px; z-index: 15;\">4.90<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Philippines Peso<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 900px; z-index: 15;\">59.32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 900px; z-index: 15;\">57.76<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 900px; z-index: 15;\">57.31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 900px; z-index: 15;\">58.30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Thailand baht<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 885px; z-index: 15;\">36.84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 885px; z-index: 15;\">37.65<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 885px; z-index: 15;\">36.85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 885px; z-index: 15;\">37.84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Vietnamese Dong<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 870px; z-index: 15;\">25,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 870px; z-index: 15;\">25,989<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 641px; bottom: 870px; z-index: 15;\">24,613<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 870px; z-index: 15;\">27,105<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 859px; height: 247px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 859px; height: 247px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag420": {
   "value": "\n<div class=\"t m0 x7 h6a y79c ffa2 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ffa2 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Foreign currency<span class=\"ls0 ws0\"> <span class=\"ls10f ws132\">transactions<span class=\"_ _0\"></span> and balances<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y79e ffa0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Individual <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">ent<span class=\"_ _0\"></span>ities of<span class=\"_ _0\"></span> Ageas ac<span class=\"_ _2b\"></span>count for for<span class=\"_ _0\"></span>eign cur<span class=\"_ _0\"></span>rency t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions </span></div>\n<div class=\"t m0 x7 h4f y79f ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">using t<span class=\"_ _0\"></span>he excha<span class=\"_ _0\"></span>nge rat<span class=\"_ _0\"></span>e at the <span class=\"_ _0\"></span>date of t<span class=\"_ _0\"></span>he trans<span class=\"_ _2b\"></span>action.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7a0 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7a1 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At the end of a rep<span class=\"_ _2b\"></span>orting period, outs<span class=\"_ _0\"></span>tandin<span class=\"_ _0\"></span>g balanc<span class=\"_ _0\"></span>es in foreig<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f ya7f ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">currenci<span class=\"_ _2b\"></span>es on monetary items<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>e translat<span class=\"_ _0\"></span>ed at the exc<span class=\"_ _0\"></span>hange rat<span class=\"_ _0\"></span>e at the</div>\n<div class=\"t m0 x7 h4f ya80 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"lse2 ws103\">nd of the rep<span class=\"_ _2\"></span>orting period. Foreign<span class=\"_ _2\"></span> exchange differences ari<span class=\"_ _2\"></span>sing from </span></div>\n<div class=\"t m0 x7 h4f ya81 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">monetary<span class=\"_ _0\"></span> assets th<span class=\"_ _0\"></span>at are class<span class=\"_ _0\"></span>ified as av<span class=\"_ _0\"></span>ailable<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for<span class=\"_ _2\"></span></span>-<span class=\"lse2 wsfa\">sale are re<span class=\"_ _2\"></span>cognised </span></span></div>\n<div class=\"t m0 x7 h4f ya82 ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> for the <span class=\"_ _2b\"></span>exchange diff<span class=\"_ _0\"></span>erence<span class=\"_ _0\"></span>s result<span class=\"_ _0\"></span>ing from</div>\n<div class=\"t m0 x7 h4f ya83 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes in a<span class=\"_ _2b\"></span>mortised cost. Ot<span class=\"_ _0\"></span>her fair val<span class=\"_ _2b\"></span>ue gains and losses o<span class=\"_ _0\"></span>n those</div>\n<div class=\"t m0 x7 h4f ya84 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents are re<span class=\"_ _2b\"></span>cognised in other c<span class=\"_ _0\"></span>ompreh<span class=\"_ _0\"></span>ensive inc<span class=\"_ _2b\"></span>ome.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yacd ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yace ffa0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">monetary ite<span class=\"_ _0\"></span>ms that are me<span class=\"_ _2b\"></span>asured in terms of his<span class=\"_ _0\"></span>torical<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>cost<span class=\"_ _0\"></span> are </span></span></div>\n<div class=\"t m0 x7 h4f yacf ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ated usin<span class=\"_ _2b\"></span>g the historic<span class=\"_ _0\"></span>al excha<span class=\"_ _2b\"></span>nge rate that ex<span class=\"_ _2b\"></span>isted at the dat<span class=\"_ _2b\"></span>e of</div>\n<div class=\"t m0 x7 h4f yad0 ffa0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the transaction<span class=\"_ _2\"></span>. Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">moneta<span class=\"_ _0\"></span>ry<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">items t<span class=\"_ _0\"></span>hat are m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r value a<span class=\"_ _0\"></span>re </span></span></span></div>\n<div class=\"t m0 x7 h4f yad1 ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ated usin<span class=\"_ _0\"></span>g the ex<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e rate at<span class=\"_ _2b\"></span> the date that t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue is</div>\n<div class=\"t m0 x7 h4f yad2 ffa0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned. The resulting<span class=\"_ _0\"></span> exchange g<span class=\"_ _2b\"></span>ains or losses are rec<span class=\"_ _0\"></span>ognised i<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f yad3 ffa0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement as <span class=\"_ _0\"></span>change <span class=\"_ _0\"></span>in forei<span class=\"_ _0\"></span>gn curre<span class=\"_ _0\"></span>ncy diff<span class=\"_ _2b\"></span>erences, exce<span class=\"_ _0\"></span>pt</div>\n<div class=\"t m0 x7 h4f yad4 ffa0 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">those non</span>-<span class=\"lse0 wsfa\">mon<span class=\"_ _0\"></span>etary it<span class=\"_ _0\"></span>ems whos<span class=\"_ _0\"></span>e fair val<span class=\"_ _2b\"></span>ue change is r<span class=\"_ _0\"></span>ecorded <span class=\"_ _0\"></span>in </span></span></div>\n<div class=\"t m0 x7 h4f yb5e ffa0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">other compre<span class=\"_ _2\"></span>hensive income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7b1 ffa0 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Foreign curre<span class=\"_ _2\"></span>ncy translation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7b2 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Upon consolidat<span class=\"_ _0\"></span>ion, Ageas tra<span class=\"_ _0\"></span>nslates the st<span class=\"_ _0\"></span>atement of financ<span class=\"_ _0\"></span>ial position of</div>\n<div class=\"t m0 x7 h4f y7b3 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">foreign entities,<span class=\"_ _0\"></span> whose function<span class=\"_ _0\"></span>al currency is<span class=\"_ _0\"></span> not denominated i<span class=\"_ _0\"></span>n euro, and</div>\n<div class=\"t m0 x7 h4f y7b4 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">whose economy i<span class=\"_ _0\"></span>s not considered hy<span class=\"_ _0\"></span>perinflation<span class=\"_ _0\"></span>ary at the report<span class=\"_ _0\"></span>ing date,</div>\n<div class=\"t m0 x7 h4f y7b5 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">using the excha<span class=\"_ _0\"></span>nge rate prevaili<span class=\"_ _0\"></span>ng at the date of the s<span class=\"_ _0\"></span>tatement of f<span class=\"_ _0\"></span>inancial</div>\n<div class=\"t m0 x7 h4f y7b6 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">position. The inc<span class=\"_ _0\"></span>ome statement<span class=\"_ _0\"></span> and cash flow s<span class=\"_ _0\"></span>tatement of t<span class=\"_ _0\"></span>hose foreign</div>\n<div class=\"t m0 x7 h4f y7b7 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">entities is transl<span class=\"_ _2b\"></span>ated at the average daily exc<span class=\"_ _0\"></span>hange rates for t<span class=\"_ _0\"></span>he current</div>\n<div class=\"t m0 x7 h4f y7b8 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reporting period (<span class=\"_ _2b\"></span>or exceptionally at the exchang<span class=\"_ _2b\"></span>e rate at the date of the</div>\n<div class=\"t m0 x7 h4f y7b9 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">transaction if<span class=\"_ _0\"></span> exchange rates f<span class=\"_ _0\"></span>luctuate signif<span class=\"_ _0\"></span>icantly).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7ba ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7bb ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Ageas recognis<span class=\"_ _0\"></span>es exchange dif<span class=\"_ _0\"></span>ferences on f<span class=\"_ _0\"></span>oreign entities in ot<span class=\"_ _0\"></span>he<span class=\"ws130\">r </span></div>\n<div class=\"t m0 x7 h4f y7bc ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">comprehensive i<span class=\"_ _2b\"></span>ncome. On disposal of a foreign e<span class=\"_ _0\"></span>ntity, previously</div>\n<div class=\"t m0 x7 h4f y7bd ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">recognised exc<span class=\"_ _0\"></span>hange differenc<span class=\"_ _0\"></span>es are recycl<span class=\"_ _0\"></span>ed and are reclass<span class=\"_ _0\"></span>ified from</div>\n<div class=\"t m0 x7 h4f y7be ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">other comprehe<span class=\"_ _0\"></span>nsive income t<span class=\"_ _0\"></span>o the income stat<span class=\"_ _0\"></span>ement as part of<span class=\"_ _0\"></span> the gain</div>\n<div class=\"t m0 x7 h4f y7bf ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">or loss on the sale. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7c0 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7c1 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Exchange diff<span class=\"_ _0\"></span>erences arising on m<span class=\"_ _2b\"></span>onetary items, borrowings<span class=\"_ _0\"></span> and other</div>\n<div class=\"t m0 x7 h4f y7c2 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">currency instrum<span class=\"_ _2b\"></span>ents, designated as hedges of a net<span class=\"_ _0\"></span> investment in a</div>\n<div class=\"t m0 x7 h4f y7c3 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">foreign entity,<span class=\"_ _0\"></span> are recognised in ot<span class=\"_ _0\"></span>her comprehens<span class=\"_ _0\"></span>ive income, until t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f yb5f ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">disposal of the net<span class=\"_ _0\"></span> investment, ex<span class=\"_ _0\"></span>cept for any hedg<span class=\"_ _0\"></span>e ineffectivenes<span class=\"_ _0\"></span>s that is</div>\n<div class=\"t m0 x1a h4f yb60 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">immediately rec<span class=\"_ _0\"></span>ognised in the i<span class=\"_ _0\"></span>ncome statement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb61 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb62 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Goodwill and fai<span class=\"_ _0\"></span>r value adjustme<span class=\"_ _2b\"></span>nts arising on the acquisiti<span class=\"_ _0\"></span>on of a foreign</div>\n<div class=\"t m0 x1a h4f yb63 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">entity are treat<span class=\"_ _0\"></span>ed as assets and lia<span class=\"_ _0\"></span>bilities of the f<span class=\"_ _0\"></span>oreign entity and are</div>\n<div class=\"t m0 x1a h4f yb64 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">translated at t<span class=\"_ _0\"></span>he closing exchang<span class=\"_ _2b\"></span>e rate on the date of the statement of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yb65 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">financial positi<span class=\"_ _2b\"></span>on. Ageas recognises all result<span class=\"_ _0\"></span>ing exchange dif<span class=\"_ _0\"></span>ferences in</div>\n<div class=\"t m0 x1a h4f yb66 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">other comprehe<span class=\"_ _0\"></span>nsive income unt<span class=\"_ _0\"></span>il disposal of t<span class=\"_ _0\"></span>he foreign entit<span class=\"_ _0\"></span>y. At that</div>\n<div class=\"t m0 x1a h4f yb67 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">moment, a recyc<span class=\"_ _0\"></span>ling to the incom<span class=\"_ _0\"></span>e statement takes pl<span class=\"_ _2b\"></span>ace. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb68 ffa0 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Hyperinf<span class=\"_ _2b\"></span>lation in T\u00fcrkiye<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb69 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"ls10d wsfa\">onsidering the crit<span class=\"_ _2b\"></span>eria in IAS 29 \u2018Financial repo<span class=\"_ _0\"></span>rting in hyperinf<span class=\"_ _0\"></span>lationary </span></div>\n<div class=\"t m0 x1a h4f yb6a ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">economies\u2019, the T<span class=\"_ _0\"></span>urkish econ<span class=\"_ _0\"></span>omy is considered to b<span class=\"_ _2b\"></span>e hyperinflationary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb6b ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">on 31 December 2<span class=\"_ _0\"></span>022. At that date,<span class=\"_ _0\"></span> the three<span class=\"ls0 ws0\">-</span>year c<span class=\"_ _0\"></span>umulative inf<span class=\"_ _0\"></span>lation in</div>\n<div class=\"t m0 x1a h4f yb6c ffa0 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">T\u00fcrk<span class=\"ls110 ws103\">iye<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">exceeds 10<span class=\"_ _2b\"></span>0% (<span class=\"ws130\">156<span class=\"wsf0\">%), based o</span></span>n the consumer pric<span class=\"_ _0\"></span>e index </span></div>\n<div class=\"t m0 x1a h4f yb6d ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">published by the T<span class=\"_ _0\"></span>urkish Statist<span class=\"_ _0\"></span>ical Instit<span class=\"_ _0\"></span>ute. Consequently,<span class=\"_ _2b\"></span> Ageas applied</div>\n<div class=\"t m0 x1a h4f yb6e ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">in these <span class=\"ls0 ws0\">c</span><span class=\"ws130\">onsoli<span class=\"_ _0\"></span>dated <span class=\"ls0 ws0\">f<span class=\"ls113 ws104\">inancial </span>s</span><span class=\"wsfa\">t<span class=\"_ _0\"></span>atements for t<span class=\"_ _0\"></span>he first time the </span></span></div>\n<div class=\"t m0 x1a h4f yb6f ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">requirements in I<span class=\"_ _0\"></span>AS 29 to the financ<span class=\"_ _0\"></span>ial statement<span class=\"_ _0\"></span>s of its Turkish as<span class=\"_ _0\"></span>sociates</div>\n<div class=\"t m0 x1a h4f yb70 ffa0 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">\u2018Aksigorta<span class=\"ls111 ws103\">\u2019 and \u2018AgeSA\u2019.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yb71 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb72 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">An entity that is req<span class=\"_ _2b\"></span>uired to apply IAS 29 shall state t<span class=\"_ _0\"></span>he financial</div>\n<div class=\"t m0 x1a h4f yb73 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">statements that<span class=\"_ _0\"></span> are prepared in the c<span class=\"_ _0\"></span>urrency of a hyp<span class=\"_ _2b\"></span>erinflationary</div>\n<div class=\"t m0 x1a h4f yb74 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">economy in the ter<span class=\"_ _0\"></span>ms of their purchas<span class=\"_ _0\"></span>ing power at the r<span class=\"_ _0\"></span>eporting date. T<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yb75 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">calculate its sha<span class=\"_ _0\"></span>re in the net asset<span class=\"_ _0\"></span>s and results of t<span class=\"_ _0\"></span>hese Turkish</div>\n<div class=\"t m0 x1a h4f yb76 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">associates, Ag<span class=\"_ _0\"></span>eas adjusts no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-</span>monetary as<span class=\"_ _0\"></span>sets and liabilit<span class=\"_ _2b\"></span>ies stated at</div>\n<div class=\"t m0 x1a h4f yb77 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">historical cost<span class=\"_ _0\"></span>, equity and items<span class=\"_ _0\"></span> in the income stat<span class=\"_ _0\"></span>ement for chan<span class=\"_ _2b\"></span>ges in</div>\n<div class=\"t m0 x1a h4f yb78 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">purchasing pow<span class=\"_ _0\"></span>er, using the consum<span class=\"_ _2b\"></span>er price index published by the</div>\n<div class=\"t m0 x1a h4f yb79 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Turkish Statisti<span class=\"_ _0\"></span>cal Institut<span class=\"_ _0\"></span>e. In a second st<span class=\"_ _0\"></span>ep, the adjusted<span class=\"_ _0\"></span> financial</div>\n<div class=\"t m0 x1a h4f yb7a ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">statements ar<span class=\"_ _0\"></span>e translated into e<span class=\"_ _0\"></span>uros at the excha<span class=\"_ _0\"></span>nge rate on 31 Dec<span class=\"_ _0\"></span>ember</div>\n<div class=\"t m0 x1a h4f yb7b ffa0 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">2022. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb7c ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb7d ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">In line with the req<span class=\"_ _0\"></span>uirements in I<span class=\"_ _0\"></span>AS 21 \u2018The effec<span class=\"_ _0\"></span>ts of changes in f<span class=\"_ _0\"></span>oreign</div>\n<div class=\"t m0 x1a h4f yb7e ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">exchange rates<span class=\"_ _0\"></span>\u2019, the comparative i<span class=\"_ _2b\"></span>nformation for the annual rep<span class=\"_ _0\"></span>orting</div>\n<div class=\"t m0 x1a h4f yb7f ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">period 2021 has no<span class=\"_ _0\"></span>t been restated.<span class=\"_ _0\"></span> Ageas recognis<span class=\"_ _0\"></span>ed the impact res<span class=\"_ _0\"></span>ulting</div>\n<div class=\"t m0 x1a h4f yb80 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">from the first<span class=\"ls0 ws0\">-</span>ti<span class=\"_ _0\"></span>me application of I<span class=\"_ _0\"></span>AS 29 in its cons<span class=\"_ _0\"></span>olidated equity on <span class=\"_ _2b\"></span>1</div>\n<div class=\"t m0 x1a h4f yb81 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">January 2022.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb82 ffa0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb83 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">The application of<span class=\"_ _0\"></span> IAS 29 resulted i<span class=\"_ _0\"></span>n an impact of EUR (<span class=\"_ _0\"></span>27) million in t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f yb84 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">consolidated inc<span class=\"_ _0\"></span>ome statement<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"ls10d wsfa\">and an impact of<span class=\"_ _0\"></span> EUR 149 millio<span class=\"_ _0\"></span>n in the </span></span></div>\n<div class=\"t m0 x1a h4f yb85 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">consolidated s<span class=\"_ _0\"></span>tatement of chan<span class=\"_ _0\"></span>ges in equity<span class=\"ls0 ws0\"> </span>ove<span class=\"_ _0\"></span>r the annual repo<span class=\"_ _2b\"></span>rting</div>\n<div class=\"t m0 x1a h4f yb86 ffa0 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">period 2022.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 440px; height: 666px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffa4 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Exchang<span class=\"_ _2b\"></span>e rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the exchang<span class=\"lse0 wsf0\">e rates of the most<span class=\"_ _0\"></span> relevant c<span class=\"_ _0\"></span>urrenci<span class=\"_ _0\"></span>es for Ageas<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">1 euro =<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 341px; bottom: 1034px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ffa4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 456px; bottom: 1049px; z-index: 15;\">Rates at <span class=\"wsf3\">end of period<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19d h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 468px; bottom: 1034px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 650px; bottom: 1034px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ffa4 fs3c fc1f sc0 lsec wsfe\" style=\"left: 741px; bottom: 1049px; z-index: 15;\">Aver<span class=\"_ _2\"></span>age <span class=\"lsef ws10a\">rat<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x13c h52 y603 ffa4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 1034px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ffa4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ffa4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 300px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ffa6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 427px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ffa6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 552px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ffa6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Pound sterling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 1004px; z-index: 15;\">0.89<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 1004px; z-index: 15;\">0.84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 1004px; z-index: 15;\">0.85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 1004px; z-index: 15;\">0.86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">US dollar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 989px; z-index: 15;\">1.07<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 989px; z-index: 15;\">1.13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 989px; z-index: 15;\">1.05<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 989px; z-index: 15;\">1.18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Hong Kong dollar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 974px; z-index: 15;\">8.32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 974px; z-index: 15;\">8.83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 974px; z-index: 15;\">8.24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 974px; z-index: 15;\">9.19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ffa4 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 959px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> <span class=\"lsef ws10a\">lira</span> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 959px; z-index: 15;\">19.96<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 959px; z-index: 15;\">15.23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 959px; z-index: 15;\">17.42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 959px; z-index: 15;\">10.51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">China yuan renminbi<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 945px; z-index: 15;\">7.36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 945px; z-index: 15;\">7.19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 945px; z-index: 15;\">7.08<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f4 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 945px; z-index: 15;\">7.63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Indian Rupee<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 930px; z-index: 15;\">88.17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 930px; z-index: 15;\">84.23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 930px; z-index: 15;\">82.68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 930px; z-index: 15;\">87.44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Malaysia ringgit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 915px; z-index: 15;\">4.70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 915px; z-index: 15;\">4.72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 915px; z-index: 15;\">4.63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 915px; z-index: 15;\">4.90<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Philippines Peso<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 900px; z-index: 15;\">59.32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 900px; z-index: 15;\">57.76<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 900px; z-index: 15;\">57.31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f9 ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 900px; z-index: 15;\">58.30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Thailand baht<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 885px; z-index: 15;\">36.84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 523px; bottom: 885px; z-index: 15;\">37.65<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 885px; z-index: 15;\">36.85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 885px; z-index: 15;\">37.84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Vietnamese Dong<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 870px; z-index: 15;\">25,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 870px; z-index: 15;\">25,989<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 641px; bottom: 870px; z-index: 15;\">24,613<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5fc ffa4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 870px; z-index: 15;\">27,105<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 859px; height: 247px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfHyperinflationaryReportingExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag413": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x7 h6a yb95 ffa7 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">2.8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yb96 ffa7 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Measure<span class=\"_ _0\"></span>ment base<span class=\"_ _0\"></span>s used in preparin<span class=\"_ _2b\"></span>g <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yb97 ffa7 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">the financia<span class=\"_ _2\"></span>l statements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb98 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The classif<span class=\"_ _2b\"></span>ication and mea<span class=\"_ _0\"></span>sureme<span class=\"_ _0\"></span>nt of assets<span class=\"_ _0\"></span> and liabi<span class=\"_ _0\"></span>lities <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> </span></span>bas<span class=\"_ _0\"></span>ed on</div>\n<div class=\"t m0 x7 h4f yb99 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the nat<span class=\"_ _0\"></span>ure of the <span class=\"_ _2b\"></span>underlying tr<span class=\"_ _0\"></span>ansact<span class=\"_ _0\"></span>ions. <span class=\"ls0 ws0\"> </span></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yb9a ffa4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Financial asset<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yb9b ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A financi<span class=\"_ _0\"></span>al instrum<span class=\"_ _2b\"></span>ent is any contract tha<span class=\"_ _2b\"></span>t <span class=\"_ _2\"></span>giv<span class=\"_ _2b\"></span>es rise to a financial as<span class=\"_ _0\"></span>set</div>\n<div class=\"t m0 x7 h4f yb9c ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of one entity<span class=\"_ _0\"></span> and a financ<span class=\"_ _0\"></span>ial liabi<span class=\"_ _0\"></span>lity or equ<span class=\"_ _2b\"></span>ity instrument o<span class=\"_ _0\"></span>f another</div>\n<div class=\"t m0 x7 h4f yb9d ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">entity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb9e ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb9f ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas clas<span class=\"_ _0\"></span>sifies a<span class=\"_ _0\"></span>nd measur<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>fin<span class=\"_ _2b\"></span>ancial assets and <span class=\"ls102 ws11d\">financial liabi<span class=\"_ _2\"></span>lities </span></div>\n<div class=\"t m0 x7 h4f yba0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on th<span class=\"_ _0\"></span>e nature of th<span class=\"_ _0\"></span>e underly<span class=\"_ _0\"></span>ing trans<span class=\"_ _0\"></span>actions<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yba1 ffa6 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication of<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">financial<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">asset<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yba2 ffa4 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Management det<span class=\"_ _0\"></span>ermines the app<span class=\"_ _0\"></span>ropriate clas<span class=\"_ _0\"></span>sification of it<span class=\"_ _0\"></span>s financial</div>\n<div class=\"t m0 x7 h4f yba3 ffa4 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">instruments at<span class=\"_ _0\"></span> the acquisitio<span class=\"_ _0\"></span>n date:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yba4 ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse2 wsf1\">H<span class=\"_ _2\"></span>eld</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">to</span>-<span class=\"lse0 wsf0\">maturity: inclu<span class=\"_ _2b\"></span>des debt securit<span class=\"_ _2b\"></span>ies with a fixed matur<span class=\"_ _0\"></span>ity of </span></span></span></div>\n<div class=\"t m0 x43 h4f yba5 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">which management ha<span class=\"_ _2\"></span>s both the intention and<span class=\"_ _2\"></span> the ability to hold the</div>\n<div class=\"t m0 x43 h4f yba6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents to mat<span class=\"_ _0\"></span>urity;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yba7 ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse0 wsf0\">Loans and rece<span class=\"wsfa\">iva<span class=\"_ _2b\"></span>bles: includes<span class=\"_ _0\"></span> debt sec<span class=\"_ _2b\"></span>urities with f<span class=\"_ _0\"></span>ixed or </span></span></span></div>\n<div class=\"t m0 x43 h4f yba8 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>nable payments th<span class=\"_ _0\"></span>at are not q<span class=\"_ _0\"></span>uoted in an act<span class=\"_ _0\"></span>ive mark<span class=\"_ _0\"></span>et and</div>\n<div class=\"t m0 x43 h4f yba9 ffa4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that, upon <span class=\"_ _2\"></span>initial recognition<span class=\"_ _2\"></span>, are not designa<span class=\"_ _2\"></span>ted as held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-</span><span class=\"wsf1\">trading </span></div>\n<div class=\"t m0 x43 h4f ybaa ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">nor as avail<span class=\"_ _2b\"></span>able<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-</span><span class=\"wsef\">sale;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f ybab ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 ls102 ws11d\">A<span class=\"_ _2\"></span>vailable</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsfa\">sale: inc<span class=\"_ _0\"></span>ludes s<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>ies to b<span class=\"wsf0\">e h<span class=\"_ _2b\"></span>eld for an indefinit<span class=\"_ _0\"></span>e </span></span></span></span></div>\n<div class=\"t m0 x43 h4f ybac ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">period of<span class=\"_ _0\"></span> time, w<span class=\"_ _2b\"></span>hich may be sol<span class=\"_ _2b\"></span>d in response t<span class=\"_ _0\"></span>o needs f<span class=\"_ _2b\"></span>or liquidity</div>\n<div class=\"t m0 x43 h4f ybad ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or to changes<span class=\"_ _0\"></span> in interes<span class=\"_ _0\"></span>t rates,<span class=\"_ _0\"></span> exchange r<span class=\"_ _0\"></span>ates or equi<span class=\"_ _0\"></span>ty prices<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x7 h4f ybae ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse0 wsf0\">Financial asset<span class=\"_ _0\"></span>s held at fai<span class=\"_ _0\"></span>r value throu<span class=\"_ _2b\"></span>gh profit or loss:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x43 h4f ybaf ffaa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffa9\"> <span class=\"_ _a\"> </span><span class=\"ffa4 lse2 wsf1\">Held</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">for<span class=\"_ _2\"></span></span>-<span class=\"lse2 wsfa\">trading: include<span class=\"_ _2\"></span>s secur<span class=\"lse0 wsf0\">ities th<span class=\"_ _0\"></span>at are acqui<span class=\"_ _2b\"></span>red for the </span></span></span></span></div>\n<div class=\"t m0 x217 h4f ybb0 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">purpose of genera<span class=\"_ _2\"></span>ting short<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term profi<span class=\"_ _0\"></span>ts;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x43 h4f ybb1 ffaa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffa9\"> <span class=\"_ _a\"> </span><span class=\"ffa4 lse0 wsfa\">Financ<span class=\"_ _2b\"></span>ial securiti<span class=\"_ _0\"></span>es desig<span class=\"_ _2b\"></span>nated at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it or </span></span></div>\n<div class=\"t m0 x217 h4f ybb2 ffa4 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 ybb3 ffa6 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Measure<span class=\"_ _0\"></span>ment of fi<span class=\"_ _0\"></span>nancial ass<span class=\"_ _2b\"></span>ets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ybb4 ffa4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"lse0 wsf0\">maturit<span class=\"_ _0\"></span>y invest<span class=\"_ _0\"></span>ments ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d at amortis<span class=\"_ _2b\"></span>ed cost less any </span></span></div>\n<div class=\"t m0 x7 h4f ybb5 ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">allowan<span class=\"_ _0\"></span>ces <span class=\"wsfa\">for im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt. Any <span class=\"_ _0\"></span>differen<span class=\"_ _2b\"></span>ce with the fai<span class=\"_ _2b\"></span>r value at initi<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x1a h4f ybb6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, resulting fr<span class=\"_ _2b\"></span>om transaction c<span class=\"_ _0\"></span>osts, init<span class=\"_ _0\"></span>ial premi<span class=\"_ _2b\"></span>ums or</div>\n<div class=\"t m0 x1a h4f ybb7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _0\"></span>s, is amo<span class=\"_ _0\"></span>rtised ov<span class=\"_ _0\"></span>er the life of<span class=\"_ _0\"></span> the invest<span class=\"_ _0\"></span>ment usi<span class=\"_ _0\"></span>ng the effec<span class=\"_ _0\"></span>tive</div>\n<div class=\"t m0 x1a h4f ybb8 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t metho<span class=\"_ _0\"></span>d. If a he<span class=\"_ _0\"></span>ld<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>mat<span class=\"_ _2b\"></span>urity asset is d<span class=\"_ _0\"></span>etermi<span class=\"_ _0\"></span>ned to b<span class=\"_ _0\"></span>e impaire<span class=\"_ _2b\"></span>d,</div>\n<div class=\"t m0 x1a h4f ybb9 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the allo<span class=\"_ _2b\"></span>wance for impa<span class=\"_ _0\"></span>irment <span class=\"_ _0\"></span>is recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _2b\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 766px; height: 58px; width: 352px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 42px; width: 342px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f ybba ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f ybbb ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans and r<span class=\"_ _0\"></span>eceivabl<span class=\"_ _2b\"></span>es are measured at am<span class=\"_ _0\"></span>ortised c<span class=\"_ _0\"></span>ost less any<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ybbc ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">allowances for<span class=\"_ _2\"></span> impairment. At initial reco<span class=\"_ _2\"></span>gnition, loans and receiv<span class=\"_ _2\"></span>ables</div>\n<div class=\"t m0 x1a h4f ybbd ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are measu<span class=\"_ _0\"></span>red at fair va<span class=\"_ _2b\"></span>lue i<span class=\"lse2 ws103\">ncluding<span class=\"_ _2\"></span> transaction costs and ini<span class=\"_ _2\"></span>tial </span></div>\n<div class=\"t m0 x1a h4f ybbe ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms or disco<span class=\"_ _0\"></span>unts. Amo<span class=\"_ _2b\"></span>rtised cost is calc<span class=\"_ _0\"></span>ulated us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _0\"></span>ective</div>\n<div class=\"t m0 x1a h4f ybbf ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate m<span class=\"_ _0\"></span>ethod (<span class=\"_ _0\"></span>EIR), ta<span class=\"_ _2b\"></span>king into acc<span class=\"_ _0\"></span>ount any <span class=\"_ _0\"></span>disco<span class=\"_ _0\"></span>unt or pr<span class=\"_ _0\"></span>emium</div>\n<div class=\"t m0 x1a h4f ybc0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on acquisi<span class=\"_ _0\"></span>tion and fee<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>or cost<span class=\"_ _0\"></span>s that are an in<span class=\"_ _0\"></span>tegral pa<span class=\"_ _0\"></span>rt of the EIR.<span class=\"_ _0\"></span> The<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybc1 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EIR amo<span class=\"_ _0\"></span>rtisati<span class=\"_ _0\"></span>on is reco<span class=\"_ _2b\"></span>gnised in the i<span class=\"_ _0\"></span>ncome st<span class=\"_ _2b\"></span>atement. Gains<span class=\"_ _0\"></span> and</div>\n<div class=\"t m0 x1a h4f ybc2 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">losses a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> when th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ments</div>\n<div class=\"t m0 x1a h4f ybc3 ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">are <span class=\"lse2 wsf1\">de<span class=\"wsfa\">recognised o<span class=\"_ _2\"></span>r impaired. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 609px; height: 136px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f ybc4 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybc5 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For floati<span class=\"_ _2b\"></span>ng rate instrume<span class=\"_ _0\"></span>nts, the cas<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>flo<span class=\"_ _0\"></span>ws are perio<span class=\"_ _0\"></span>dically<span class=\"_ _0\"></span> re<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f ybc6 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed to reflect mo<span class=\"_ _2b\"></span>vements in ma<span class=\"_ _0\"></span>rket int<span class=\"_ _0\"></span>erest rat<span class=\"_ _2b\"></span>es. If the flo<span class=\"_ _0\"></span>ating</div>\n<div class=\"t m0 x1a h4f ybc7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate instr<span class=\"_ _2b\"></span>ument is initially rec<span class=\"_ _2b\"></span>ognised at an amo<span class=\"_ _0\"></span>unt (almost<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>eq<span class=\"_ _0\"></span>ual to the</div>\n<div class=\"t m0 x1a h4f ybc8 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">principal repa<span class=\"_ _2\"></span>yable, the re<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">estimation ha<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>no si<span class=\"_ _0\"></span>gnifica<span class=\"_ _0\"></span>nt effect on t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f ybc9 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> amount of th<span class=\"_ _0\"></span>e instrum<span class=\"_ _2b\"></span>ent and there w<span class=\"_ _2b\"></span>ill be no adjust<span class=\"_ _0\"></span>ment to t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f ybca ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>int<span class=\"_ _0\"></span>erest, rep<span class=\"_ _0\"></span>orted on an ac<span class=\"_ _2b\"></span>crual basis. How<span class=\"_ _0\"></span>ever, if a fl<span class=\"_ _0\"></span>oating</div>\n<div class=\"t m0 x1a h4f ybcb ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate instr<span class=\"_ _2b\"></span>ument is acquir<span class=\"_ _0\"></span>ed at a<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">significan<span class=\"_ _2\"></span>t premium or discount,</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">this </span></span></div>\n<div class=\"t m0 x1a h4f ybcc ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>m or disco<span class=\"_ _2b\"></span>unt is amortis<span class=\"_ _2b\"></span>ed over the exp<span class=\"_ _0\"></span>ected lif<span class=\"_ _0\"></span>e of the</div>\n<div class=\"t m0 x1a h4f ybcd ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent and is i<span class=\"_ _0\"></span>ncluded i<span class=\"_ _0\"></span>n the calcul<span class=\"_ _0\"></span>ation of the EI<span class=\"_ _2b\"></span>R. The carrying</div>\n<div class=\"t m0 x1a h4f ybce ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount is r<span class=\"_ _0\"></span>ecalcul<span class=\"_ _2b\"></span>ated each period b<span class=\"_ _0\"></span>y computi<span class=\"_ _0\"></span>ng the pres<span class=\"_ _0\"></span>ent value of</div>\n<div class=\"t m0 x1a h4f ybcf ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fut<span class=\"_ _2b\"></span>ure cash flows at the act<span class=\"_ _2b\"></span>ual effective inte<span class=\"_ _2b\"></span>rest rate. Any</div>\n<div class=\"t m0 x1a h4f ybd0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ments are re<span class=\"_ _2b\"></span>cognised in profi<span class=\"_ _0\"></span>t or loss.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybd1 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f ybd2 ffa4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsf0\">trading i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts, deriv<span class=\"_ _2b\"></span>atives and assets<span class=\"_ _0\"></span> design<span class=\"_ _0\"></span>ated as held </span></span></div>\n<div class=\"t m0 x1a h4f ybd3 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _2b\"></span>ough profit or l<span class=\"_ _0\"></span>oss are <span class=\"_ _2b\"></span>measured at fai<span class=\"_ _2b\"></span>r value. Chang<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x1a h4f ybd4 ffa4 fs3a fc14 sc0 lsfc ws121\" style=\"z-index: 15;\">in the<span class=\"_ _2\"></span><span class=\"ls102 ws11d\">ir<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">fair value a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e income stat<span class=\"_ _2b\"></span>ement. The (real<span class=\"_ _0\"></span>ised </span></span></span></div>\n<div class=\"t m0 x1a h4f ybd5 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and unre<span class=\"_ _2b\"></span>alised) resul<span class=\"_ _0\"></span>ts are inc<span class=\"_ _2b\"></span>luded in \u2018Resu<span class=\"_ _0\"></span>lt on sa<span class=\"_ _0\"></span>les and</div>\n<div class=\"t m0 x1a h4f ybd6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">revaluat<span class=\"_ _2b\"></span>ions\u2019. Interest re<span class=\"_ _2b\"></span>ceived (paid) on as<span class=\"_ _0\"></span>sets (lia<span class=\"_ _2b\"></span>bilities) held fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f ybd7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">trading is<span class=\"_ _0\"></span> reporte<span class=\"_ _0\"></span>d as intere<span class=\"_ _0\"></span>st income (e<span class=\"_ _0\"></span>xpense).<span class=\"_ _0\"></span> Divide<span class=\"lse2 wsfa\">nds received are </span></div>\n<div class=\"t m0 x1a h4f ybd8 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in \u2018Inter<span class=\"_ _0\"></span>est, divi<span class=\"_ _0\"></span>dend and ot<span class=\"_ _0\"></span>her invest<span class=\"_ _0\"></span>ment inc<span class=\"_ _0\"></span>ome\u2019.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 100px; width: 352px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 105px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 472px; width: 352px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 551px; width: 352px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 472px; width: 343px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 477px; width: 352px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 556px; width: 352px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 477px; width: 343px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 245px; height: 587px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The majority of Ageas's financial investments (being bonds and equity<span class=\"ws103\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">instruments) are classified as available-for-sale and are measured at fair<span class=\"wsf0\"><span class=\"wsef\"> </span></span></div>\n<div class=\"t m0 x7 h4f y804 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">value. Changes in their fair value are recognised in other<span class=\"wsf1\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">comprehensive income until the investment is sold.<span class=\"lse0 wsf0\"> At the mo<span class=\"_ _0\"></span>ment of </span></div>\n<div class=\"t m0 x7 h4f y806 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span>, the accu<span class=\"_ _2b\"></span>mulated fair valu<span class=\"_ _0\"></span>e changes in ot<span class=\"_ _2b\"></span>her comprehe<span class=\"_ _0\"></span>nsive</div>\n<div class=\"t m0 x7 h4f y807 ffab fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">income<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are recycled throu<span class=\"_ _2\"></span>gh the income statement. Reve<span class=\"_ _2\"></span>nue o<span class=\"lse0 wsef\">n </span></span></span></div>\n<div class=\"t m0 x7 h4f y808 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"ws103\">sale<span class=\"_ _2\"></span> debt securities is recogni<span class=\"_ _2\"></span>sed using the effective </span></div>\n<div class=\"t m0 x7 h4f y809 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t metho<span class=\"_ _0\"></span>d. Peri<span class=\"_ _0\"></span>odic amo<span class=\"_ _0\"></span>rtisati<span class=\"_ _2b\"></span>on and impairm<span class=\"_ _0\"></span>ent loss<span class=\"_ _0\"></span>es are</div>\n<div class=\"t m0 x7 h4f y80a ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recognised in<span class=\"_ _2\"></span> the income statement and dividen<span class=\"_ _2\"></span>ds are recognised as</div>\n<div class=\"t m0 x7 h4f y80b ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income up<span class=\"_ _0\"></span>on receipt<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 945px; height: 152px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y80c ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80d ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For thos<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance po<span class=\"_ _0\"></span>rtfolio<span class=\"_ _0\"></span>s,<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">where unr<span class=\"_ _2b\"></span>ealised gains and l<span class=\"_ _0\"></span>osses on </span></div>\n<div class=\"t m0 x7 h4f y80e ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">bonds hav<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>a direc<span class=\"_ _2b\"></span>t impact on the measur<span class=\"_ _0\"></span>ement of t<span class=\"_ _0\"></span>he insura<span class=\"_ _0\"></span>nce</div>\n<div class=\"t m0 x7 h4f y80f ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities,<span class=\"_ _2\"></span> Ageas applies shado<span class=\"_ _2\"></span>w accounting in <span class=\"_ _2\"></span>accordance with IF<span class=\"_ _2\"></span>RS<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">4. </span></span></div>\n<div class=\"t m0 x7 h4f y810 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t the changes in the unrealised<span class=\"_ _2\"></span> gains and losses will</div>\n<div class=\"t m0 x7 h4f y90a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">affect the m<span class=\"_ _2b\"></span>eas<span class=\"lse2 wsfa\">urement<span class=\"_ _2\"></span> of the insurance <span class=\"_ _2\"></span>liabilities, implyi<span class=\"_ _2\"></span>ng why those </span></div>\n<div class=\"t m0 x7 h4f y90b ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes w<span class=\"_ _0\"></span>ill theref<span class=\"_ _2b\"></span>ore not be part of equit<span class=\"_ _0\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y8d0 ffad fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f <span class=\"wsf1\">financial<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">assets</span> </span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A financial asse<span class=\"_ _2\"></span>t (or group of financial as<span class=\"_ _2\"></span>sets) classified as either</div>\n<div class=\"t m0 x7 h4f y8d2 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span>, loans and receiv<span class=\"_ _2\"></span>ables or held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-</span><span class=\"ws103\">maturity is dee<span class=\"_ _2\"></span>med </span></span></div>\n<div class=\"t m0 x7 h4f y8d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be impai<span class=\"_ _0\"></span>red if:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb28 ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 wsfa\">T<span class=\"_ _2\"></span>here is objective e<span class=\"_ _2\"></span>vidence of impairm<span class=\"_ _2\"></span>ent</span><span class=\"ffab\"> <span class=\"lse0 wsf0\">as a result of<span class=\"_ _0\"></span> one or more </span></span></span></div>\n<div class=\"t m0 x43 h4f yb29 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss eve<span class=\"_ _0\"></span>nts or t<span class=\"_ _0\"></span>rigger<span class=\"_ _0\"></span>s (e.g. s<span class=\"_ _2b\"></span>ignificant fin<span class=\"_ _2b\"></span>ancial diffic<span class=\"_ _0\"></span>ulty of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x43 h4f yb2a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issuer) t<span class=\"_ _0\"></span>hat have o<span class=\"_ _0\"></span>ccurred af<span class=\"_ _0\"></span>ter the ini<span class=\"_ _0\"></span>tial recog<span class=\"_ _2b\"></span>nition of the asset;<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x43 h4f yb2b ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lsf3 ws11c\">Th<span class=\"lse0 wsf0\">at loss event (or ev<span class=\"_ _0\"></span>ents) has (o<span class=\"_ _0\"></span>r have) an im<span class=\"_ _0\"></span>pact on the </span></span></span></div>\n<div class=\"t m0 x43 h4f yb2d ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed future cash f<span class=\"_ _2b\"></span>lows of the fina<span class=\"_ _2b\"></span>ncial asset (o<span class=\"_ _0\"></span>r group o<span class=\"_ _0\"></span>f</div>\n<div class=\"t m0 x43 h4f y962 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>that c<span class=\"_ _0\"></span>an be reliabl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>est<span class=\"_ _0\"></span>imated.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y963 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y964 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For equit<span class=\"_ _0\"></span>y securiti<span class=\"_ _2b\"></span>es, the triggers us<span class=\"_ _0\"></span>ed to dete<span class=\"_ _0\"></span>rmine whet<span class=\"_ _2b\"></span>her <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is</div>\n<div class=\"t m0 x7 h4f y965 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve evide<span class=\"_ _0\"></span>nce of i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent inclu<span class=\"_ _2b\"></span>de, amongst ot<span class=\"_ _0\"></span>hers, th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y966 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration whether t<span class=\"_ _2b\"></span>he fair value is<span class=\"_ _2b\"></span> significantl<span class=\"_ _0\"></span>y (25%)<span class=\"_ _2b\"></span> below the</div>\n<div class=\"t m0 x7 h4f y967 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">carrying v<span class=\"_ _2\"></span>alue or has been b<span class=\"_ _2\"></span>elow the carrying <span class=\"_ _2\"></span>value for a prol<span class=\"_ _2\"></span>onged</div>\n<div class=\"t m0 x7 h4f y968 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period (<span class=\"_ _0\"></span>365 consec<span class=\"_ _2b\"></span>utive days) on the dat<span class=\"_ _0\"></span>e of the state<span class=\"_ _2b\"></span>me<span class=\"wsfa\">nt of financ<span class=\"_ _0\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y969 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Depend<span class=\"_ _0\"></span>ing on th<span class=\"_ _0\"></span>e type of <span class=\"_ _0\"></span>financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _0\"></span>, the r<span class=\"_ _0\"></span>ecovera<span class=\"_ _0\"></span>ble amo<span class=\"_ _0\"></span>unt can</div>\n<div class=\"t m0 x7 h4f y96c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">be estimat<span class=\"_ _2b\"></span>ed as follows: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair <span class=\"wsf0\">value us<span class=\"_ _0\"></span>ing an obs<span class=\"_ _0\"></span>ervable m<span class=\"_ _2b\"></span>arket price;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair value <span class=\"_ _2b\"></span>using non<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">data<span class=\"_ _2\"></span></span>; </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96f ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsf0\">Based on the</span><span class=\"ffab\"> <span class=\"lse0 wsfa\">fair val<span class=\"_ _2b\"></span>ue of the coll<span class=\"_ _0\"></span>ateral. <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y970 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y971 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If an available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-</span></span>sale asset<span class=\"_ _2\"></span> is determined to be impaired, t<span class=\"_ _2\"></span>he allowance</div>\n<div class=\"t m0 x7 h4f y972 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for impai<span class=\"_ _0\"></span>rment is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _0\"></span>ent. For imp<span class=\"_ _0\"></span>aired</div>\n<div class=\"t m0 x7 h4f y973 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span> assets, unrealised<span class=\"_ _2\"></span> losses previousl<span class=\"_ _2\"></span>y recognised in </span></div>\n<div class=\"t m0 x7 h4f y974 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other compr<span class=\"lse0 wsf0\">ehensive inco<span class=\"_ _0\"></span>me<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are transferred<span class=\"_ _2\"></span> to the income statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y975 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">when the i<span class=\"_ _2\"></span>mpairment occurs. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y977 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If, in a s<span class=\"_ _0\"></span>ubsequ<span class=\"_ _0\"></span>ent per<span class=\"_ _0\"></span>iod, th<span class=\"_ _0\"></span>e fair val<span class=\"_ _2b\"></span>ue of a debt inst<span class=\"_ _2b\"></span>rument classi<span class=\"_ _0\"></span>fied</div>\n<div class=\"t m0 x1a h4f y978 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as availa<span class=\"_ _0\"></span>ble<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span><span class=\"wsfa\">sal<span class=\"_ _2b\"></span>e increases an<span class=\"_ _0\"></span>d the inc<span class=\"_ _2b\"></span>rease object<span class=\"_ _0\"></span>ively rel<span class=\"_ _2b\"></span>ates to an </span></div>\n<div class=\"t m0 x1a h4f y979 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event occu<span class=\"_ _2b\"></span>rring after the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _2b\"></span>on of any allowance for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _2b\"></span>nt in</div>\n<div class=\"t m0 x1a h4f y97a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the incom<span class=\"_ _0\"></span>e statement<span class=\"_ _2b\"></span>, the allowance f<span class=\"_ _0\"></span>or impair<span class=\"_ _0\"></span>ment is rev<span class=\"_ _0\"></span>ersed, wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f y97b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the rev<span class=\"_ _2b\"></span>ersal <span class=\"lse2 wsf1\">being </span><span class=\"wsf0\">recognised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>. </span></div>\n<div class=\"t m0 x1a h4f y97c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Further po<span class=\"_ _2b\"></span>sitive revaluat<span class=\"_ _0\"></span>ions of debt<span class=\"_ _0\"></span> instru<span class=\"_ _0\"></span>ments clas<span class=\"_ _2b\"></span>sified as a<span class=\"ls102 ws11d\">vailable<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f y97d ffab fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\">-<span class=\"lsfb wsfa\">sal<span class=\"_ _2\"></span>e <span class=\"lse2\">is recognise<span class=\"_ _2\"></span>d</span></span> <span class=\"lse0 wsfa\">in oth<span class=\"_ _0\"></span>er comp<span class=\"_ _0\"></span>rehensiv<span class=\"_ _2b\"></span>e income.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb32 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb33 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments on<span class=\"_ _2\"></span> an equity instrument class<span class=\"_ _2\"></span>ified as available<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">sale ar<span class=\"_ _0\"></span>e </span></span></span></div>\n<div class=\"t m0 x1a h4f yb34 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rev<span class=\"_ _0\"></span>ersed th<span class=\"_ _0\"></span>rough th<span class=\"_ _0\"></span>e income<span class=\"_ _2b\"></span> statement; i<span class=\"_ _0\"></span>ncrease<span class=\"_ _0\"></span>s in the<span class=\"_ _0\"></span>ir fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yb35 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">after imp<span class=\"_ _0\"></span>airment ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d directly<span class=\"_ _0\"></span> in ot<span class=\"lse2 wsfa\">her comprehensi<span class=\"_ _2\"></span>ve income.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 157px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 456px; width: 354px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 162px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 461px; width: 354px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 167px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 466px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y976 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h55 y982 ffad fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Trade and <span class=\"wsef\">set<span class=\"_ _0\"></span>tlement<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">date</span> </span></span></div>\n<div class=\"t m0 x1a h4f y983 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All purch<span class=\"_ _0\"></span>ases and sal<span class=\"_ _0\"></span>es of financ<span class=\"_ _2b\"></span>ial assets requi<span class=\"_ _2b\"></span>ring delivery wit<span class=\"_ _0\"></span>hin the</div>\n<div class=\"t m0 x1a h4f y984 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">timefra<span class=\"_ _0\"></span>me esta<span class=\"_ _0\"></span>blished <span class=\"_ _0\"></span>by regu<span class=\"_ _0\"></span>lation o<span class=\"_ _0\"></span>r market<span class=\"_ _0\"></span> convent<span class=\"_ _2b\"></span>ion are</div>\n<div class=\"t m0 x1a h4f y9c2 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed on th<span class=\"_ _2b\"></span>e trade date, w<span class=\"_ _0\"></span>hich is<span class=\"_ _2b\"></span> the date when A<span class=\"_ _0\"></span>geas bec<span class=\"_ _0\"></span>omes a</div>\n<div class=\"t m0 x1a h4f y9c3 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">party to t<span class=\"_ _2b\"></span>he contractu<span class=\"_ _0\"></span>al provis<span class=\"_ _2b\"></span>ions of the fin<span class=\"_ _2b\"></span>ancial assets.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c4 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c5 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Forward p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>es and sales,<span class=\"_ _0\"></span> other than th<span class=\"_ _2b\"></span>ose requiring del<span class=\"_ _2b\"></span>ivery within</div>\n<div class=\"t m0 x1a h4f y9c6 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the timef<span class=\"_ _0\"></span>rame esta<span class=\"_ _2b\"></span>blished by regulat<span class=\"_ _2b\"></span>ion or market conv<span class=\"_ _0\"></span>ention,<span class=\"_ _0\"></span> are</div>\n<div class=\"t m0 x1a h4f y9c7 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised a<span class=\"_ _2\"></span>s derivative forward<span class=\"_ _2\"></span> transactions until<span class=\"_ _2\"></span> set<span class=\"wsf1\">tlement. <span class=\"ls0 ws0\"> </span></span></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h55 y98b ffad fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"wsef\">financi<span class=\"_ _2b\"></span>al<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">liabilities</span> </span></span></div>\n<div class=\"t m0 x1a h4f y98c ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The IFRS classi<span class=\"_ _2\"></span>fication of financial liabil<span class=\"_ _2\"></span>ities determines their<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y98d ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment and re<span class=\"_ _2b\"></span>cognition in the i<span class=\"_ _0\"></span>ncome stat<span class=\"_ _2b\"></span>ement as follows<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">Financial liabilities at fair value through profit or loss include:<span class=\"wsef\"><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y98f ffab fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">i)  Financial liabilities held-for-trading<span class=\"ls102 ws115\"><span class=\"lsfc\"><span class=\"ls0 ws0\"><span class=\"lse2 wsfa\">, including<span class=\"_ _2\"></span> derivative </span></span></span></span></div>\n<div class=\"t m0 x1e6 h4f y990 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> that do not qualify for hedge<span class=\"_ _2\"></span> accounting; and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f y991 ffab fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">ii)<span class=\"ffaf ls0 ws0\"> <span class=\"_ _22\"> </span></span><span class=\"lse2 wsfa\">Financial l<span class=\"_ _2\"></span>iabilities that Agea<span class=\"_ _2\"></span>s has irrevocabl<span class=\"_ _2\"></span>y designated at </span></div>\n<div class=\"t m0 x1e6 h4f y992 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initial re<span class=\"_ _2\"></span>cognition or at f<span class=\"_ _2\"></span>irst<span class=\"ls0 ws0\">-</span><span class=\"ws103\">time adoption<span class=\"_ _2\"></span> of IFRS as held at f<span class=\"lse0 wsef\">air </span></span></div>\n<div class=\"t m0 x1e6 h4f y993 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss, b<span class=\"_ _0\"></span>ecause:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1e6 h4f y994 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lse0 wsf0\">The host contrac<span class=\"_ _0\"></span>t inclu<span class=\"_ _0\"></span>des an embe<span class=\"_ _0\"></span>dded deri<span class=\"_ _0\"></span>vative th<span class=\"_ _2b\"></span>at </span></span></div>\n<div class=\"t m0 x23 h4f y995 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">would othe<span class=\"_ _2b\"></span>rwise require se<span class=\"_ _0\"></span>paratio<span class=\"_ _2b\"></span>n;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1e6 h4f y996 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lse0 wsf0\">It eliminates o<span class=\"_ _0\"></span>r signific<span class=\"_ _0\"></span>antly red<span class=\"_ _0\"></span>uces a meas<span class=\"_ _0\"></span>urement o<span class=\"_ _2b\"></span>r </span></span></div>\n<div class=\"t m0 x23 h4f y997 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion inconsiste<span class=\"_ _0\"></span>ncy (\u2018acc<span class=\"_ _0\"></span>ountin<span class=\"_ _0\"></span>g mismatch<span class=\"_ _2b\"></span>\u2019)<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">or</span> </span></div>\n<div class=\"t m0 x1e6 h4f y9c8 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lsf4 ws10c\">It <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">rel<span class=\"_ _0\"></span>ates to a <span class=\"_ _0\"></span>group of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _2b\"></span>s and/or liabi<span class=\"_ _0\"></span>lities t<span class=\"_ _2b\"></span>hat </span></span></span></div>\n<div class=\"t m0 x23 h4f y9c9 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are mana<span class=\"_ _0\"></span>ged and of whic<span class=\"_ _0\"></span>h the perfo<span class=\"_ _2b\"></span>rmance is evaluat<span class=\"_ _0\"></span>ed on a</div>\n<div class=\"t m0 x23 h4f y9ca ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e basis.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cb ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 ws103\">O<span class=\"_ _2\"></span>ther financial liabili<span class=\"_ _2\"></span>ties are initially recognised<span class=\"_ _2\"></span> at fair value less </span></span></div>\n<div class=\"t m0 x6c h4f y9cc ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion costs. Subse<span class=\"_ _0\"></span>quently<span class=\"_ _0\"></span>, other fi<span class=\"_ _0\"></span>nan<span class=\"ls102 ws115\">cial liabili<span class=\"_ _2\"></span>ties are </span></div>\n<div class=\"t m0 x6c h4f y9cd ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at amort<span class=\"_ _0\"></span>ised cost us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _2b\"></span>ective interest met<span class=\"_ _2b\"></span>hod,</div>\n<div class=\"t m0 x6c h4f y9ce ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with the per<span class=\"_ _0\"></span>iodic am<span class=\"_ _0\"></span>ortisat<span class=\"_ _0\"></span>ion reco<span class=\"_ _0\"></span>rded in the inc<span class=\"_ _0\"></span>ome state<span class=\"_ _0\"></span>ment.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cf ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d0 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Subordinated lia<span class=\"_ _2\"></span>bilities and borrowings ar<span class=\"_ _2\"></span>e initially recognised at fa<span class=\"_ _2\"></span>ir</div>\n<div class=\"t m0 x1a h4f y9d1 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value les<span class=\"_ _2b\"></span>s <span class=\"wsf0\">transacti<span class=\"_ _0\"></span>on costs and a<span class=\"_ _0\"></span>re subse<span class=\"_ _0\"></span>quently me<span class=\"_ _2b\"></span>asured at </span></div>\n<div class=\"t m0 x1a h4f y9d2 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost usi<span class=\"_ _2b\"></span>ng the effective int<span class=\"_ _2b\"></span>erest method, wit<span class=\"_ _2b\"></span>h the periodic</div>\n<div class=\"t m0 x1a h4f y9d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ation rec<span class=\"_ _2b\"></span>orded in the income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 388px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 388px; width: 334px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 330px; height: 776px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 330px; height: 776px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 330px; height: 776px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffb3 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Transaction co<span class=\"_ _2\"></span>sts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Transac<span class=\"_ _0\"></span>tion cost<span class=\"_ _0\"></span>s on financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span><span class=\"wsfa\">uments r<span class=\"_ _2b\"></span>efer to the inc<span class=\"_ _0\"></span>rementa<span class=\"_ _0\"></span>l costs </span></div>\n<div class=\"t m0 x7 h4f y804 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">directl<span class=\"_ _0\"></span>y attribut<span class=\"_ _2b\"></span>able to the acquisit<span class=\"_ _2b\"></span>ion or disposal of a fi<span class=\"_ _0\"></span>nancial as<span class=\"_ _0\"></span>set or</div>\n<div class=\"t m0 x7 h4f y805 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y. They inc<span class=\"_ _2b\"></span>lude fees and commi<span class=\"_ _0\"></span>ssions pa<span class=\"_ _0\"></span>id to agents,<span class=\"_ _0\"></span> advisers<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y806 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">brokers an<span class=\"_ _2b\"></span>d dealers, levies im<span class=\"_ _0\"></span>posed by<span class=\"_ _0\"></span> regulato<span class=\"_ _0\"></span>ry agenci<span class=\"_ _2b\"></span>es and</div>\n<div class=\"t m0 x7 h4f y807 ffb1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span><span class=\"lse2 ws103\">ies exchanges as<span class=\"_ _2\"></span> well as transfer taxes and duties. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Those tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _0\"></span>n costs ar<span class=\"_ _0\"></span>e include<span class=\"_ _0\"></span>d in the initi<span class=\"_ _0\"></span>al measure<span class=\"_ _0\"></span>ment of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y80a ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial asse<span class=\"_ _2\"></span>t or liability, except if<span class=\"_ _2\"></span> the financial asset or liab<span class=\"_ _2\"></span>ility is</div>\n<div class=\"t m0 x7 h4f y80b ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss, in w<span class=\"_ _2b\"></span>hich<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">ca<span class=\"_ _2b\"></span>se transaction </span></div>\n<div class=\"t m0 x7 h4f y80c ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">costs are <span class=\"_ _2\"></span>directly expensed.<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 929px; height: 163px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 929px; height: 168px; width: 351px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y882 ffb3 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Fair val<span class=\"_ _0\"></span>ue of financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y883 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value i<span class=\"_ _0\"></span>s the amou<span class=\"_ _2b\"></span>nt for which an<span class=\"_ _0\"></span> asset o<span class=\"_ _0\"></span>r grant<span class=\"_ _0\"></span>ed equit<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x7 h4f y884 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent could b<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>exc<span class=\"_ _0\"></span>hanged a<span class=\"_ _0\"></span>nd a liability<span class=\"_ _0\"></span> could be set<span class=\"_ _0\"></span>tled bet<span class=\"_ _0\"></span>ween</div>\n<div class=\"t m0 x7 h4f y885 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">knowledgeable<span class=\"_ _2\"></span>, willing parties<span class=\"_ _2\"></span> in a<span class=\"lse0 wsf0\">n arm\u2019s len<span class=\"_ _0\"></span>gth trans<span class=\"_ _0\"></span>action.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y886 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8cf ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value pr<span class=\"_ _2b\"></span>esented is the <span class=\"_ _0\"></span>\u2018clean\u2019<span class=\"_ _0\"></span> fair val<span class=\"_ _0\"></span>ue, whic<span class=\"_ _2b\"></span>h is the total f<span class=\"_ _0\"></span>air</div>\n<div class=\"t m0 x7 h4f y8d0 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value or \u2018di<span class=\"_ _0\"></span>rty\u2019 fai<span class=\"_ _0\"></span>r value less<span class=\"_ _0\"></span> interest acc<span class=\"_ _2b\"></span>ruals and trans<span class=\"_ _0\"></span>action cost<span class=\"_ _0\"></span>s.</div>\n<div class=\"t m0 x7 h4f y8d1 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Accrued i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> are classif<span class=\"_ _2b\"></span>ied separately.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d2 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d3 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fair val<span class=\"_ _0\"></span>ue of a liabil<span class=\"_ _2b\"></span>ity or<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">own<span class=\"_ _2\"></span> equity instrument reflec<span class=\"_ _2\"></span>ts the effect of </span></span></div>\n<div class=\"t m0 x7 h4f yb28 ffb1 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">performanc<span class=\"_ _0\"></span>e risk. Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">performance<span class=\"_ _2\"></span> risk includes, but <span class=\"_ _2\"></span>may not be </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limite<span class=\"_ _0\"></span>d to, the entit<span class=\"_ _2b\"></span>y\u2019s own risk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2a ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f yb2b ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An asset or liabil<span class=\"_ _2\"></span>ity is initially measured<span class=\"_ _2\"></span> at fair value. If the tran<span class=\"_ _2\"></span>saction</div>\n<div class=\"t m0 x7 h4f yb2c ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">price dif<span class=\"_ _0\"></span>fers f<span class=\"_ _0\"></span>rom this<span class=\"_ _0\"></span> fair<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">value,<span class=\"_ _0\"></span> the result<span class=\"_ _2b\"></span>ing gain or loss is reco<span class=\"_ _2b\"></span>gnised </span></div>\n<div class=\"t m0 x7 h4f yb2d ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> unless I<span class=\"_ _2b\"></span>FRS specify ot<span class=\"_ _2b\"></span>herwise.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 36px; width: 353px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y962 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y963 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The basic p<span class=\"_ _0\"></span>rincipl<span class=\"_ _0\"></span>es used for es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ing fair val<span class=\"_ _2b\"></span>ue are as follows:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y964 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse2 wsfa\">M<span class=\"_ _2\"></span>aximisation of the <span class=\"_ _2\"></span>use or relevant<span class=\"_ _2\"></span> observable (market) i<span class=\"_ _2\"></span>nputs and </span></span></div>\n<div class=\"t m0 x43 h4f y965 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">minimis<span class=\"_ _0\"></span>ation of <span class=\"wsfa\">th<span class=\"_ _0\"></span>e use of<span class=\"_ _0\"></span> unobse<span class=\"_ _0\"></span>rvable <span class=\"_ _0\"></span>inputs (s<span class=\"_ _2b\"></span>uch as internal<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x43 h4f y966 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es and assumptions<span class=\"_ _2b\"></span>);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y967 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Only change in esti<span class=\"_ _0\"></span>mating tec<span class=\"_ _2b\"></span>hniques if an impro<span class=\"_ _2b\"></span>vement can be </span></span></div>\n<div class=\"t m0 x43 h4f y968 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rated or if<span class=\"_ _0\"></span> a change is nec<span class=\"_ _2b\"></span>essary because of<span class=\"_ _0\"></span> changes in</div>\n<div class=\"t m0 x43 h4f y969 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market co<span class=\"_ _0\"></span>nditio<span class=\"_ _0\"></span>ns or in the avai<span class=\"_ _0\"></span>labilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>of inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span><span class=\"wsef\">n.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y96a ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In dete<span class=\"_ _0\"></span>rmining t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue, follow<span class=\"_ _0\"></span>ing hiera<span class=\"_ _2b\"></span>rchy for dete<span class=\"_ _0\"></span>rminin<span class=\"_ _0\"></span>g and</div>\n<div class=\"t m0 x7 h4f y96c ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ing the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue is use<span class=\"_ _2b\"></span>d, in the orde<span class=\"_ _0\"></span>r listed:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsfa\">Level 1: fair v<span class=\"_ _0\"></span>alues me<span class=\"_ _2b\"></span>asured using (<span class=\"_ _2b\"></span>unadjusted) q<span class=\"_ _0\"></span>uoted p<span class=\"_ _0\"></span>rices i<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x43 h4f y96e ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an active ma<span class=\"_ _2b\"></span>rket for identical<span class=\"_ _0\"></span> assets or <span class=\"lse2 wsfa\">liabilities, which m<span class=\"_ _2\"></span>eans that </span></div>\n<div class=\"t m0 x43 h4f y96f ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quoted prices are<span class=\"_ _2\"></span> readily available and re<span class=\"_ _2\"></span>flect actual and regularly</div>\n<div class=\"t m0 x43 h4f y970 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occurri<span class=\"_ _0\"></span>ng market t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions on an a<span class=\"_ _0\"></span>rm\u2019s lengt<span class=\"_ _0\"></span>h basis;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y971 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Level 2: fair values<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>meas<span class=\"_ _0\"></span>ured usin<span class=\"_ _0\"></span>g inputs oth<span class=\"_ _2b\"></span>er than quoted prices<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x43 h4f y972 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in leve<span class=\"_ _0\"></span>l 1 that<span class=\"_ _0\"></span> are obs<span class=\"_ _0\"></span>e<span class=\"wsf0\">rvabl<span class=\"_ _0\"></span>e (in the mark<span class=\"_ _0\"></span>et), eithe<span class=\"_ _0\"></span>r direct<span class=\"_ _0\"></span>ly </span></div>\n<div class=\"t m0 x43 h4f y973 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(i.e. pric<span class=\"_ _2b\"></span>es) or indirectly (i.<span class=\"_ _2b\"></span>e. derived from pric<span class=\"_ _2b\"></span>es, such as interest<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x43 h4f y974 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exchang<span class=\"_ _2b\"></span>e rates);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Level 3: fair values<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>meas<span class=\"_ _0\"></span>ured usin<span class=\"_ _0\"></span>g inputs that<span class=\"_ _0\"></span> are not (c<span class=\"_ _0\"></span>omplete<span class=\"_ _0\"></span>ly) </span></span></div>\n<div class=\"t m0 x43 h4f y976 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>observable data;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lsfc ws115\">C<span class=\"_ _2\"></span>ost.</span><span class=\"ffb1\"> </span></span></div>\n<div class=\"t m0 x1a h4f ybdc ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leve<span class=\"_ _2b\"></span>l in the fair <span class=\"wsf0\">va<span class=\"_ _0\"></span>lue hierarc<span class=\"_ _2b\"></span>hy within which the f<span class=\"_ _0\"></span>air value </span></div>\n<div class=\"t m0 x1a h4f ybdd ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measurement i<span class=\"_ _2\"></span>s categorised <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">determined <span class=\"wsf0\">base<span class=\"_ _0\"></span>d on<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">the lowes<span class=\"_ _2\"></span>t level </span></span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybde ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">input t<span class=\"_ _0\"></span>hat is si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant to th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue me<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent in it<span class=\"_ _0\"></span>s entiret<span class=\"_ _0\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybdf ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe0 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Level 2 and lev<span class=\"_ _2b\"></span>el 3 fair value measu<span class=\"_ _0\"></span>rements us<span class=\"_ _0\"></span>ually req<span class=\"_ _0\"></span>uire the us<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x1a h4f ybe1 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on techn<span class=\"_ _2b\"></span>iques.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybe2 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe3 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A financ<span class=\"_ _0\"></span>ial inst<span class=\"_ _2b\"></span>rument is rega<span class=\"_ _0\"></span>rded as <span class=\"_ _0\"></span>quoted i<span class=\"_ _0\"></span>n an acti<span class=\"_ _0\"></span>ve mark<span class=\"_ _0\"></span>et whe<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f ybe4 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quoted prices are<span class=\"_ _2\"></span> readily and regularly ava<span class=\"_ _2\"></span>ilable from an exchange,</div>\n<div class=\"t m0 x1a h4f ybe5 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">dealer, brok<span class=\"_ _2\"></span>er, industry grou<span class=\"_ _2\"></span>p, pricing service<span class=\"_ _2\"></span> or regulatory agen<span class=\"_ _2\"></span>cy, and</div>\n<div class=\"t m0 x1a h4f ybe6 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">those prices<span class=\"_ _2\"></span> reflect actual a<span class=\"_ _2\"></span>nd regularly occurrin<span class=\"_ _2\"></span>g market transa<span class=\"_ _2\"></span>ctions</div>\n<div class=\"t m0 x1a h4f ybe7 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on an arm\u2019s le<span class=\"_ _2b\"></span>ngth basis. When a fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _2b\"></span>rument is trade<span class=\"_ _0\"></span>d in an</div>\n<div class=\"t m0 x1a h4f ybe8 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active an<span class=\"_ _0\"></span>d liquid mar<span class=\"_ _0\"></span>ket, its q<span class=\"_ _0\"></span>uoted mar<span class=\"_ _0\"></span>ket price o<span class=\"_ _0\"></span>r value prov<span class=\"_ _2b\"></span>ides the</div>\n<div class=\"t m0 x1a h4f ybe9 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">best evide<span class=\"_ _2\"></span>nce of its fair<span class=\"_ _2\"></span> value. No adjus<span class=\"_ _2\"></span>tment is made <span class=\"ws103\">to the<span class=\"_ _2\"></span> fair value of </span></div>\n<div class=\"t m0 x1a h4f ybea ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">large hol<span class=\"_ _2b\"></span>dings of shares<span class=\"_ _0\"></span>, unless<span class=\"_ _0\"></span> there<span class=\"_ _0\"></span> is a bind<span class=\"_ _0\"></span>ing agr<span class=\"_ _0\"></span>eement t<span class=\"_ _2b\"></span>o sell the</div>\n<div class=\"t m0 x1a h4f ybeb ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">shares at<span class=\"_ _0\"></span> a pric<span class=\"_ _0\"></span>e other t<span class=\"_ _2b\"></span>han the marke<span class=\"_ _0\"></span>t price. T<span class=\"_ _2b\"></span>he appropriat<span class=\"_ _2b\"></span>e quoted</div>\n<div class=\"t m0 x1a h4f ybec ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market <span class=\"_ _0\"></span>price for <span class=\"_ _2b\"></span>an asset held o<span class=\"_ _0\"></span>r a lia<span class=\"_ _0\"></span>bility to <span class=\"_ _0\"></span>be iss<span class=\"_ _0\"></span>ued is th<span class=\"_ _0\"></span>e curre<span class=\"_ _0\"></span>nt bid</div>\n<div class=\"t m0 x1a h4f ybed ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">price, an<span class=\"_ _0\"></span>d fo<span class=\"wsfa\">r an a<span class=\"_ _0\"></span>sset to be<span class=\"_ _2b\"></span> acquired or a <span class=\"_ _0\"></span>liabilit<span class=\"_ _2b\"></span>y held, the ask p<span class=\"_ _2b\"></span>rice. </span></div>\n<div class=\"t m0 x1a h4f ybee ffb1 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Mid<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">market prices<span class=\"_ _0\"></span> are used as a bas<span class=\"_ _2b\"></span>is for establish<span class=\"_ _0\"></span>ing the fair va<span class=\"_ _0\"></span>lue of </span></span></div>\n<div class=\"t m0 x1a h4f ybef ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets and l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies with of<span class=\"_ _0\"></span>fsetti<span class=\"_ _0\"></span>ng market r<span class=\"_ _0\"></span>isks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf0 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybf1 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If there <span class=\"_ _2b\"></span>is a significant<span class=\"_ _2b\"></span> decrease in th<span class=\"_ _0\"></span>e volum<span class=\"_ _2b\"></span>e or level of act<span class=\"_ _2b\"></span>ivi<span class=\"lsfc ws121\">ty<span class=\"_ _2\"></span> for the </span></div>\n<div class=\"t m0 x1a h4f ybf2 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset or lia<span class=\"_ _0\"></span>bility,<span class=\"_ _0\"></span> the trans<span class=\"_ _0\"></span>actions o<span class=\"_ _0\"></span>r quoted pr<span class=\"_ _0\"></span>ices are r<span class=\"_ _0\"></span>eviewed a<span class=\"_ _0\"></span>nd an</div>\n<div class=\"t m0 x1a h4f ybf3 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">alternat<span class=\"_ _2b\"></span>ive valuatio<span class=\"_ _0\"></span>n techniq<span class=\"_ _2b\"></span>ue or multipl<span class=\"_ _0\"></span>e valuati<span class=\"_ _2b\"></span>on techniques (<span class=\"_ _2b\"></span>e.g.</div>\n<div class=\"t m0 x1a h4f ybf4 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value tec<span class=\"_ _0\"></span>hniques<span class=\"_ _0\"></span>) may be appl<span class=\"_ _0\"></span>ied.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf5 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybf6 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If no act<span class=\"_ _0\"></span>ive mark<span class=\"_ _2b\"></span>et price is ava<span class=\"_ _0\"></span>ilable, f<span class=\"_ _2b\"></span>air values are <span class=\"_ _0\"></span>e<span class=\"wsf0\">stimat<span class=\"_ _2b\"></span>ed using </span></div>\n<div class=\"t m0 x1a h4f ybf7 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value or <span class=\"_ _2b\"></span>other valuatio<span class=\"_ _2b\"></span>n techniques <span class=\"_ _0\"></span>based o<span class=\"_ _0\"></span>n market<span class=\"_ _0\"></span> observ<span class=\"_ _2b\"></span>able</div>\n<div class=\"t m0 x1a h4f ybf8 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">inputs, ex<span class=\"_ _2b\"></span>isting at the report<span class=\"_ _2b\"></span>ing date. Inputs ca<span class=\"_ _0\"></span>n be either<span class=\"_ _0\"></span> directly</div>\n<div class=\"t m0 x1a h4f ybf9 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">observa<span class=\"_ _2b\"></span>ble (i.e. prices) or i<span class=\"_ _0\"></span>ndirect<span class=\"_ _0\"></span>ly observ<span class=\"_ _0\"></span>able (i.e.<span class=\"_ _0\"></span> derive<span class=\"_ _0\"></span>d from pric<span class=\"_ _0\"></span>es,</div>\n<div class=\"t m0 x1a h4f ybfa ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">such as int<span class=\"_ _0\"></span>erest or exc<span class=\"_ _0\"></span>hange rat<span class=\"_ _0\"></span>es). <span class=\"lse2 wsf1\">When<span class=\"ls0 ws0\"> </span></span>Ageas uses<span class=\"_ _0\"></span> quantit<span class=\"_ _0\"></span>ative</div>\n<div class=\"t m0 x1a h4f ybfb ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unobse<span class=\"_ _0\"></span>rvable i<span class=\"_ _0\"></span>nputs i<span class=\"_ _0\"></span>n measur<span class=\"_ _0\"></span>ing fair <span class=\"_ _0\"></span>value, t<span class=\"_ _2b\"></span>hose are not d<span class=\"_ _0\"></span>evelope<span class=\"_ _0\"></span>d in</div>\n<div class=\"t m0 x1a h4f ybfc ffb1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">house.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfd ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfe ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If there is a val<span class=\"_ _2b\"></span>uation techniq<span class=\"_ _0\"></span>ue common<span class=\"_ _0\"></span>ly used by mar<span class=\"_ _2b\"></span>ket participants<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ybff ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to pric<span class=\"_ _0\"></span>e an instr<span class=\"_ _2b\"></span>ument and that<span class=\"_ _0\"></span> valuat<span class=\"_ _0\"></span>ion tec<span class=\"_ _0\"></span>hnique d<span class=\"_ _2b\"></span>emonstrated t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yc00 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide r<span class=\"_ _0\"></span>eliabl<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>es of prices<span class=\"_ _0\"></span> obtained i<span class=\"_ _0\"></span>n actual ma<span class=\"_ _0\"></span>rket</div>\n<div class=\"t m0 x1a h4f yc01 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transactions,<span class=\"_ _2\"></span> Ageas applies that valuation<span class=\"_ _2\"></span> technique. Well established<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc02 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on techni<span class=\"_ _2b\"></span>ques in financial ma<span class=\"_ _0\"></span>rkets incl<span class=\"_ _2b\"></span>ude recent market<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc03 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions, discount<span class=\"_ _2b\"></span>ed cash flows <span class=\"_ _0\"></span>(includi<span class=\"_ _2b\"></span>ng optio<span class=\"ls0 ws0\">n-</span><span class=\"lse2\">pricing<span class=\"_ _2\"></span> models) </span></div>\n<div class=\"t m0 x1a h4f yc04 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and curr<span class=\"_ _0\"></span>ent rep<span class=\"_ _0\"></span>laceme<span class=\"_ _2b\"></span>nt cost. An acc<span class=\"_ _0\"></span>eptable v<span class=\"_ _2b\"></span>aluation tec<span class=\"_ _0\"></span>hnique</div>\n<div class=\"t m0 x1a h4f yc05 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">incorporates all<span class=\"_ _2\"></span> factors that market parti<span class=\"_ _2\"></span>cipants would consider when</div>\n<div class=\"t m0 x1a h4f yc06 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">setting <span class=\"_ _0\"></span>a price,<span class=\"_ _0\"></span> and sh<span class=\"_ _0\"></span>ould be c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>ent with <span class=\"_ _0\"></span>accept<span class=\"_ _0\"></span>ed econo<span class=\"_ _0\"></span>mic</div>\n<div class=\"t m0 x1a h4f yc07 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">methodologies<span class=\"_ _2\"></span> for pricing financial in<span class=\"_ _2\"></span>s<span class=\"lse0 wsef\">tru<span class=\"_ _0\"></span>ments.<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">These techniques are </span></span></span></div>\n<div class=\"t m0 x1a h4f yc08 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subject t<span class=\"_ _0\"></span>o inherent<span class=\"_ _0\"></span> limitati<span class=\"_ _2b\"></span>ons, such as estimat<span class=\"_ _0\"></span>ion of the a<span class=\"_ _0\"></span>ppropria<span class=\"_ _2b\"></span>te risk<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yc09 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed discount<span class=\"_ _0\"></span> rate. The us<span class=\"_ _2b\"></span>e of different assum<span class=\"_ _2b\"></span>ptions and inputs</div>\n<div class=\"t m0 x1a h4f yc0a ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">would yi<span class=\"_ _2b\"></span>eld different r<span class=\"_ _0\"></span>esults.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc0b ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc0c ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The level 3 pos<span class=\"_ _2b\"></span>itions are mainly s<span class=\"_ _0\"></span>ensitiv<span class=\"_ _0\"></span>e to a c<span class=\"wsfa\">hange<span class=\"_ _0\"></span> in the l<span class=\"_ _0\"></span>evel of </span></div>\n<div class=\"t m0 x1a h4f yc0d ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d futur<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows and,<span class=\"_ _0\"></span> accord<span class=\"_ _0\"></span>ingly, t<span class=\"_ _2b\"></span>he fair value of<span class=\"ls0 ws0\"> </span><span class=\"wsef\">th<span class=\"_ _2b\"></span>ose </span></div>\n<div class=\"t m0 x1a h4f yc0e ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">positions v<span class=\"_ _2\"></span>aries<span class=\"ls0 ws0\"> </span><span class=\"lse0\">in prop<span class=\"_ _0\"></span>ortion t<span class=\"_ _0\"></span>o change<span class=\"_ _0\"></span>s of thes<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows. T<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x1a h4f yc0f ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes i<span class=\"_ _0\"></span>n value of th<span class=\"_ _0\"></span>e level 3 instr<span class=\"_ _0\"></span>uments a<span class=\"_ _0\"></span>re account<span class=\"_ _2b\"></span>ed for in other</div>\n<div class=\"t m0 x1a h4f yc10 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 268px; height: 829px; width: 353px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 593px; width: 350px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y9db ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 267px; height: 839px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 267px; height: 839px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 267px; height: 839px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Methods and assum<span class=\"_ _2\"></span>ptions used in determining<span class=\"_ _2\"></span> the fair value are largely</div>\n<div class=\"t m0 x7 h4f y803 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">depende<span class=\"_ _2b\"></span>nt on whether the inst<span class=\"_ _0\"></span>rument is<span class=\"_ _0\"></span> traded on fi<span class=\"_ _0\"></span>nancial m<span class=\"_ _0\"></span>arkets an<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y804 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the info<span class=\"_ _0\"></span>rmation t<span class=\"_ _0\"></span>hat is avail<span class=\"_ _0\"></span>able to be inc<span class=\"_ _2b\"></span>orporated into t<span class=\"_ _0\"></span>he valuat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x7 h4f y805 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">models<span class=\"ws103\">. A summary o<span class=\"_ _2\"></span>f different financial in<span class=\"_ _2\"></span>strument types along with </span></div>\n<div class=\"t m0 x7 h4f y806 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e treat<span class=\"_ _0\"></span>ment is i<span class=\"_ _0\"></span>nclude<span class=\"_ _0\"></span>d below:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ffb6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">i)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _13b\"> </span></span><span class=\"lse0 wsf0\">Fair values<span class=\"_ _0\"></span> for securit<span class=\"_ _0\"></span>ies class<span class=\"_ _2b\"></span>ified at availab<span class=\"_ _0\"></span>le<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span>sale o<span class=\"_ _0\"></span>r at fair </span></div>\n<div class=\"t m0 x45 h4f y808 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss are d<span class=\"_ _0\"></span>etermin<span class=\"_ _2b\"></span>ed using market pric<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x45 h4f y809 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from activ<span class=\"_ _2\"></span>e <span class=\"lse0\">mark<span class=\"_ _0\"></span>ets. If n<span class=\"_ _0\"></span>o quote<span class=\"_ _0\"></span>d prices<span class=\"_ _0\"></span> are avai<span class=\"_ _2b\"></span>lable from an </span></div>\n<div class=\"t m0 x45 h4f y80a ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active mar<span class=\"_ _2b\"></span>ket, the fair value is<span class=\"_ _0\"></span> determi<span class=\"_ _0\"></span>ned using di<span class=\"_ _0\"></span>scount<span class=\"_ _0\"></span>ed cash</div>\n<div class=\"t m0 x45 h4f y80b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flow models.<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">In par<span class=\"_ _0\"></span>ticular fo<span class=\"_ _2b\"></span>r asset<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">backed<span class=\"_ _2\"></span> securities, the expected<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x45 h4f y80c ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws used <span class=\"_ _0\"></span>in the d<span class=\"_ _0\"></span>iscount<span class=\"_ _0\"></span>ed cash f<span class=\"_ _0\"></span>low mo<span class=\"_ _0\"></span>del tak<span class=\"_ _0\"></span>e into</div>\n<div class=\"t m0 x45 h4f y80d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account o<span class=\"_ _0\"></span>r<span class=\"wsfa\">igina<span class=\"_ _0\"></span>l underw<span class=\"_ _0\"></span>riting c<span class=\"_ _2b\"></span>riteria, borr<span class=\"_ _0\"></span>ower att<span class=\"_ _0\"></span>ributes<span class=\"_ _2b\"></span> (such as </span></div>\n<div class=\"t m0 x45 h4f y80e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">age and cre<span class=\"_ _0\"></span>dit scores<span class=\"_ _2b\"></span>), <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>an<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>val<span class=\"_ _2b\"></span>ue ratios, expect<span class=\"_ _0\"></span>ed house pr<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x45 h4f y80f ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">movements and exp<span class=\"_ _2\"></span>ected prepayment rates.<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Dis<span class=\"_ _0\"></span>count fa<span class=\"_ _0\"></span>ctors are </span></span></div>\n<div class=\"t m0 x45 h4f y810 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on a sw<span class=\"_ _0\"></span>ap curve plu<span class=\"_ _0\"></span>s a spread ref<span class=\"_ _2b\"></span>lecting the risk</div>\n<div class=\"t m0 x45 h4f y90a ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">characterist<span class=\"lse0 wsfa\">ics of the inst<span class=\"_ _0\"></span>rument. <span class=\"_ _0\"></span>Fair va<span class=\"_ _2b\"></span>lues for secur<span class=\"_ _0\"></span>ities </span></div>\n<div class=\"t m0 x45 h4f y90b ffb6 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">classified at held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">maturity (only n<span class=\"_ _2\"></span>ecessary for dis<span class=\"_ _2\"></span>closures) are </span></span></div>\n<div class=\"t m0 x45 h4f y90c ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned in the same way.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ffb6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">ii)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _1ae\"> </span></span><span class=\"lse0 wsf0\">Fair values for de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive financ<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>ruments<span class=\"_ _0\"></span> are obtain<span class=\"_ _0\"></span>ed from </span></div>\n<div class=\"t m0 x45 h4f y90e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active mar<span class=\"_ _2b\"></span>kets or are determi<span class=\"_ _0\"></span>ned usin<span class=\"_ _0\"></span>g, as <span class=\"lse2 wsf1\">appropriate, </span></div>\n<div class=\"t m0 x45 h4f y90f ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash flow model<span class=\"_ _0\"></span>s and option pr<span class=\"_ _2b\"></span>icing models.<span class=\"_ _0\"></span> Quoted</div>\n<div class=\"t m0 x45 h4f y910 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>ices prov<span class=\"_ _0\"></span>ide the mos<span class=\"_ _0\"></span>t reliabl<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e for derivat<span class=\"_ _2b\"></span>ives</div>\n<div class=\"t m0 x45 h4f y911 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">traded on a rec<span class=\"_ _2b\"></span>ognised excha<span class=\"_ _2b\"></span>nge. Fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es not</div>\n<div class=\"t m0 x45 h4f y912 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">traded on<span class=\"_ _2\"></span> a recognised exchan<span class=\"_ _2\"></span>ge is considered <span class=\"_ _2\"></span>to be<span class=\"ls0 ws0\"> </span><span class=\"lse0\">the valu<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x45 h4f y913 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that could <span class=\"_ _2\"></span>be realised thro<span class=\"_ _2\"></span>ugh termination o<span class=\"_ _2\"></span>r assignment of the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x45 h4f y914 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">derivative.<span class=\"_ _2\"></span> Factors that influence the va<span class=\"_ _2\"></span>luation of an individual<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x45 h4f y915 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ive inclu<span class=\"_ _2b\"></span>de <span class=\"_ _2\"></span>the co<span class=\"_ _0\"></span>unterp<span class=\"_ _2b\"></span>arty\u2019s credit rat<span class=\"_ _0\"></span>ing and the<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x45 h4f y916 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complex<span class=\"_ _0\"></span>ity of t<span class=\"_ _0\"></span>he deriv<span class=\"_ _2b\"></span>ative. If thes<span class=\"_ _0\"></span>e factor<span class=\"_ _0\"></span>s differ f<span class=\"_ _2b\"></span><span class=\"wsf0\">rom the basic </span></div>\n<div class=\"t m0 x45 h4f y917 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">factors<span class=\"_ _0\"></span> underly<span class=\"_ _2b\"></span>ing the quote, <span class=\"_ _0\"></span>an adjus<span class=\"_ _0\"></span>tment t<span class=\"_ _2b\"></span>o the quoted pr<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x45 h4f y918 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">may be considered.<span class=\"_ _2\"></span> Common valuation methodol<span class=\"_ _2\"></span>ogies for an</div>\n<div class=\"t m0 x45 h4f y919 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate s<span class=\"_ _0\"></span>wap inc<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>e a comp<span class=\"_ _2b\"></span>arison of the y<span class=\"_ _0\"></span>ield of t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x45 h4f y91a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">swap wit<span class=\"_ _0\"></span>h the cu<span class=\"_ _0\"></span>rrent sw<span class=\"_ _2b\"></span>ap yield curve.<span class=\"_ _0\"></span> The sw<span class=\"_ _0\"></span>ap yiel<span class=\"_ _0\"></span>d curve is<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x45 h4f y91b ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derived f<span class=\"_ _0\"></span>rom quote<span class=\"_ _0\"></span>d swap rates.<span class=\"_ _0\"></span> Dealer b<span class=\"_ _0\"></span>id and offe<span class=\"_ _0\"></span>r quotes are</div>\n<div class=\"t m0 x45 h4f y91c ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">generally avai<span class=\"_ _2\"></span>lable for basic interest ra<span class=\"_ _2\"></span>te swaps involving</div>\n<div class=\"t m0 x45 h4f y91d ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">counte<span class=\"_ _0\"></span>rparties <span class=\"_ _0\"></span>whose s<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>ies are i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">grade.</span> </span></div>\n<div class=\"t m0 x7 h4f y91e ffb6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">iii)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _c2\"> </span></span><span class=\"lse0 wsf0\">Fair values<span class=\"_ _0\"></span> for unquot<span class=\"_ _0\"></span>ed privat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>equit<span class=\"_ _2b\"></span>y investments ar<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>ed </span></div>\n<div class=\"t m0 x45 h4f y91f ffb6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">using<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">applicable mar<span class=\"_ _0\"></span>ket mult<span class=\"_ _0\"></span>iples (e.g<span class=\"_ _2b\"></span>. <span class=\"_ _2\"></span>pric<span class=\"_ _0\"></span>e/earni<span class=\"_ _2b\"></span>ngs or price/cash </span></span></div>\n<div class=\"t m0 x45 h4f y920 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flow ratios)<span class=\"_ _2\"></span>, refined to reflect the specific<span class=\"_ _2\"></span> circumstances of the</div>\n<div class=\"t m0 x45 h4f y921 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">issuer.<span class=\"ls0 ws0\"> L</span><span class=\"wsf0\">evel 3 val<span class=\"_ _2b\"></span>uations for privat<span class=\"_ _2b\"></span>e equities and vent<span class=\"_ _0\"></span>ure capit<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x45 h4f y922 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">make <span class=\"lsfb wsfa\">u<span class=\"_ _2\"></span>se<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">of </span></span><span class=\"lse0\">fair valu<span class=\"_ _0\"></span>es discl<span class=\"_ _0\"></span>osed in t<span class=\"_ _2b\"></span>he audited fin<span class=\"_ _0\"></span>ancia<span class=\"ls106 ws124\">l </span></span></span></div>\n<div class=\"t m0 x45 h4f y923 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nts of the relevant pa<span class=\"_ _0\"></span>rticip<span class=\"_ _0\"></span>ations. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y924 ffb6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">iv)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _46\"> </span></span><span class=\"lse0\">Fair values for bor<span class=\"_ _0\"></span>rowings a<span class=\"_ _0\"></span>nd issue<span class=\"_ _0\"></span>d subordi<span class=\"_ _0\"></span>nated loa<span class=\"_ _0\"></span>ns are </span></div>\n<div class=\"t m0 x45 h4f y925 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned using discount<span class=\"_ _2b\"></span>ed cash flow models<span class=\"_ _0\"></span> based upo<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x45 h4f y926 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas's <span class=\"lse0 wsfa\">current incre<span class=\"_ _0\"></span>mental<span class=\"_ _0\"></span> lending <span class=\"_ _0\"></span>rates fo<span class=\"_ _2b\"></span>r similar typ<span class=\"_ _0\"></span>e of </span></div>\n<div class=\"t m0 x45 h4f y927 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">borrowing. For<span class=\"_ _2\"></span> variable<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">rate loans<span class=\"_ _2b\"></span> that re<span class=\"ls0 ws0\">-</span>price fre<span class=\"_ _0\"></span>quentl<span class=\"_ _0\"></span>y and </span></span></div>\n<div class=\"t m0 x45 h4f y928 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have no <span class=\"lse2 ws103\">significant change in cred<span class=\"_ _2\"></span>it risk, fair values are<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x45 h4f y929 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">approxi<span class=\"_ _0\"></span>mated by<span class=\"_ _0\"></span> the car<span class=\"_ _2b\"></span>rying amount.<span class=\"_ _2b\"></span> Option<span class=\"ls0 ws0\">-</span><span class=\"lse2\">pricing <span class=\"_ _2\"></span>models are </span></div>\n<div class=\"t m0 x45 h4f y92a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">used for v<span class=\"_ _2b\"></span>aluing caps an<span class=\"_ _0\"></span>d prep<span class=\"_ _0\"></span>ayment op<span class=\"_ _2b\"></span>tions embedd<span class=\"_ _0\"></span>ed in loa<span class=\"_ _0\"></span>ns</div>\n<div class=\"t m0 x45 h4f y92b ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that hav<span class=\"_ _0\"></span>e been s<span class=\"_ _0\"></span>eparat<span class=\"_ _0\"></span>ed in acc<span class=\"_ _2b\"></span>ordance with I<span class=\"_ _0\"></span>FRS.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y92c ffb6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">v)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _a\"> </span></span><span class=\"lse0\">Fair values<span class=\"_ _0\"></span> for off<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">balance</span> s<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">heet commitments<span class=\"_ _2\"></span> or guarantees are<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x45 h4f yc12 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on fe<span class=\"_ _0\"></span>es current<span class=\"_ _2b\"></span>ly <span class=\"_ _2\"></span>ch<span class=\"_ _2b\"></span>arged to enter into si<span class=\"_ _0\"></span>milar agr<span class=\"_ _0\"></span>eements<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x237 h4f yc13 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">taking int<span class=\"_ _2b\"></span>o account the remain<span class=\"_ _0\"></span>ing terms<span class=\"_ _0\"></span> of the agre<span class=\"_ _0\"></span>ements an<span class=\"_ _0\"></span>d the</div>\n<div class=\"t m0 x237 h4f yc14 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counterpartie<span class=\"_ _2\"></span>s\u2019 credit standings<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc16 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Non exch<span class=\"_ _0\"></span>ange trad<span class=\"_ _0\"></span>ed financi<span class=\"_ _2b\"></span>al instruments are of<span class=\"_ _0\"></span>ten tra<span class=\"_ _0\"></span>ded in over<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">the</span>-</span></div>\n<div class=\"t m0 x1a h4f yc17 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counter (OT<span class=\"_ _2\"></span>C) markets by deale<span class=\"_ _2\"></span>rs or other in<span class=\"_ _2\"></span>termediaries from whom<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc18 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>ices can be o<span class=\"_ _0\"></span>btained.<span class=\"_ _0\"></span> Quotat<span class=\"_ _0\"></span>ions are av<span class=\"_ _0\"></span>ailable f<span class=\"_ _0\"></span>rom vario<span class=\"_ _2b\"></span>us</div>\n<div class=\"t m0 x1a h4f yc19 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">sources for<span class=\"_ _2\"></span> many financial i<span class=\"_ _2\"></span>nstruments traded r<span class=\"_ _2\"></span>egularly in the<span class=\"_ _2\"></span> OTC</div>\n<div class=\"t m0 x1a h4f yc1a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market. T<span class=\"_ _2b\"></span>hose sources i<span class=\"_ _0\"></span>nclude t<span class=\"_ _2b\"></span>he fi<span class=\"lse2\">nancial<span class=\"_ _2\"></span> press, various publ<span class=\"_ _2\"></span>ications </span></div>\n<div class=\"t m0 x1a h4f yc1b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and financial<span class=\"_ _2\"></span> reporting services, and also in<span class=\"_ _2\"></span>dividual market makers<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc1c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1d ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value m<span class=\"_ _0\"></span>ethodol<span class=\"_ _0\"></span>ogy app<span class=\"_ _0\"></span>lied for t<span class=\"_ _2b\"></span>he measurem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _0\"></span>nancial</div>\n<div class=\"t m0 x1a h4f yc1e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents, as d<span class=\"_ _0\"></span>escribe<span class=\"_ _0\"></span>d above, di<span class=\"_ _0\"></span>d not change as<span class=\"_ _0\"></span> a result<span class=\"_ _0\"></span> of the</div>\n<div class=\"t m0 x1a h4f yc1f ffb6 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"lse2\">19 pandem<span class=\"lse0\">ic. If appl<span class=\"_ _0\"></span>icable,<span class=\"_ _0\"></span> additi<span class=\"_ _0\"></span>onal unc<span class=\"_ _2b\"></span>ertainties rel<span class=\"_ _2b\"></span>ated to the </span></span></div>\n<div class=\"t m0 x1a h4f yc20 ffb6 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"lse0\">19 pan<span class=\"_ _0\"></span>demic h<span class=\"_ _2b\"></span>ave been incorp<span class=\"_ _2b\"></span>orated in the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue </span></div>\n<div class=\"t m0 x1a h4f yc21 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">  </div>\n<div class=\"t m0 x1a h4f yc23 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">More detai<span class=\"_ _2b\"></span>led information o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _2b\"></span>ion of these valuati<span class=\"_ _2b\"></span>on methods</div>\n<div class=\"t m0 x1a h4f yc24 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and assum<span class=\"_ _0\"></span>ptions is<span class=\"_ _0\"></span> included in t<span class=\"_ _0\"></span>he applic<span class=\"_ _0\"></span>able not<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">of these<span class=\"_ _2\"></span> Ageas </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Consoli<span class=\"_ _2b\"></span>dated Financial St<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 804px; height: 277px; width: 348px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 798px; width: 348px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h55 ybf0 ffb9 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Offsett<span class=\"_ _2b\"></span>ing of financial ass<span class=\"_ _2b\"></span>ets and liabiliti<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf1 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets and liabil<span class=\"_ _0\"></span>ities are of<span class=\"_ _0\"></span>fset resu<span class=\"_ _2b\"></span>lting in the net amou<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x1a h4f ybf2 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">being re<span class=\"_ _0\"></span>ported on the s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of financ<span class=\"_ _0\"></span>ial positi<span class=\"_ _2b\"></span>on if <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is a lega<span class=\"_ _0\"></span>lly</div>\n<div class=\"t m0 x1a h4f ybf3 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">enforc<span class=\"_ _0\"></span>eabl<span class=\"lse2 ws103\">e right to set off the recogn<span class=\"_ _2\"></span>ised amounts and there is an<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f ybf4 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">intenti<span class=\"_ _0\"></span>on to set<span class=\"_ _0\"></span>tle on a<span class=\"_ _0\"></span> net bas<span class=\"_ _0\"></span>is, or re<span class=\"_ _2b\"></span>alise the asset <span class=\"_ _0\"></span>and sett<span class=\"_ _2b\"></span>le the</div>\n<div class=\"t m0 x1a h4f ybf5 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liability<span class=\"_ _2\"></span> simultaneously.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 693px; height: 89px; width: 348px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yb46 ffb6 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Derivatives</span> <span class=\"lse0 wsf0\">a<span class=\"_ _0\"></span>nd financi<span class=\"_ _2b\"></span>al instruments us<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r hedging<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb47 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Derivat<span class=\"_ _0\"></span>ives are fi<span class=\"_ _0\"></span>nancial i<span class=\"_ _2b\"></span>nstruments s<span class=\"lse2 ws103\">uch as swaps, forward and future<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yb48 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s, and option<span class=\"_ _0\"></span>s (both w<span class=\"_ _2b\"></span>ritten and pu<span class=\"_ _0\"></span>rchased<span class=\"_ _0\"></span>). The v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>hese</div>\n<div class=\"t m0 x1a h4f yb49 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments changes in response<span class=\"_ _2\"></span> to changes in various</div>\n<div class=\"t m0 x1a h4f yb4a ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">underly<span class=\"_ _0\"></span>ing varia<span class=\"_ _0\"></span>bles. Der<span class=\"_ _0\"></span>ivatives<span class=\"_ _0\"></span> require l<span class=\"_ _0\"></span>ittle or no net<span class=\"_ _0\"></span> initial<span class=\"_ _0\"></span> investm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f yb4b ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are sett<span class=\"_ _0\"></span>led at a futu<span class=\"_ _0\"></span>re date. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb4d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All deriv<span class=\"_ _2b\"></span>atives are recogn<span class=\"_ _0\"></span>ised on the s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt of financi<span class=\"_ _2b\"></span>al position at</div>\n<div class=\"t m0 x1a h4f yb4e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e on the trade d<span class=\"_ _2b\"></span>ate. A distinction is<span class=\"_ _0\"></span> made betw<span class=\"_ _0\"></span>een:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4f ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse0 wsfa\">Derivatives h<span class=\"_ _2b\"></span>eld for tradin<span class=\"_ _0\"></span>g;<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb50 ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse2 ws103\">D<span class=\"_ _2\"></span>erivatives for hedging purp<span class=\"_ _2\"></span>oses.</span><span class=\"ffb6\"> </span></span></div>\n<div class=\"t m0 x1a h55 yc26 ffb9 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Embedded <span class=\"lse0 wsef\">derivatives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc27 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets or liabilit<span class=\"_ _2b\"></span>ies can include emb<span class=\"_ _0\"></span>edded der<span class=\"_ _2b\"></span>ivatives. Such</div>\n<div class=\"t m0 x1a h4f yc28 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments are often referred to a<span class=\"_ _2\"></span>s hybrid financial</div>\n<div class=\"t m0 x1a h4f yc29 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents. Hy<span class=\"_ _2b\"></span>brid financia<span class=\"_ _2b\"></span>l instruments i<span class=\"_ _0\"></span>nclude <span class=\"_ _0\"></span>revers<span class=\"_ _0\"></span>e convert<span class=\"_ _2b\"></span>ible</div>\n<div class=\"t m0 x1a h4f yc2a ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">bonds (bond<span class=\"_ _2\"></span>s whose repayment m<span class=\"_ _2\"></span>ay take t<span class=\"lse0 wsf0\">he form of eq<span class=\"_ _0\"></span>uities) or bo<span class=\"_ _2b\"></span>nds </span></div>\n<div class=\"t m0 x1a h4f yc2b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">with indexed int<span class=\"_ _2\"></span>erest payments. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc2d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e through p<span class=\"_ _2b\"></span>rofit or loss or if</div>\n<div class=\"t m0 x1a h4f yc2e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the char<span class=\"_ _0\"></span>acterist<span class=\"_ _2b\"></span>ics and risks of the em<span class=\"_ _0\"></span>bedded de<span class=\"_ _0\"></span>rivativ<span class=\"_ _2b\"></span>e are closely</div>\n<div class=\"t m0 x1a h4f yc2f ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">related<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">to t<span class=\"_ _2b\"></span>hose of the host<span class=\"_ _0\"></span> contra<span class=\"_ _0\"></span>ct, the <span class=\"_ _0\"></span>embe<span class=\"wsf0\">d<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>ative is not<span class=\"_ _0\"></span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc30 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ed, and the hybrid fin<span class=\"_ _0\"></span>ancial ins<span class=\"_ _2b\"></span>trument is measu<span class=\"_ _0\"></span>red as one</div>\n<div class=\"t m0 x1a h4f yc31 ffb6 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">instrument. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 367px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 372px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> not measur<span class=\"_ _2b\"></span>ed at fair value throu<span class=\"_ _0\"></span>gh profit or lo<span class=\"_ _0\"></span>ss</div>\n<div class=\"t m0 x7 h4f y803 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the c<span class=\"_ _2b\"></span>haracteristic<span class=\"_ _0\"></span>s and ris<span class=\"_ _0\"></span>ks of t<span class=\"_ _0\"></span>he embed<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">de<span class=\"_ _2\"></span>d derivative are not </span></div>\n<div class=\"t m0 x7 h4f y804 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">closely r<span class=\"_ _0\"></span>elated to tho<span class=\"_ _2b\"></span>se of the host contract<span class=\"_ _0\"></span>, the emb<span class=\"_ _0\"></span>edded deriv<span class=\"_ _2b\"></span>ative</div>\n<div class=\"t m0 x7 h4f y805 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">should be separa<span class=\"_ _2\"></span>ted from the host contract<span class=\"_ _2\"></span> and measured at fair value</div>\n<div class=\"t m0 x7 h4f y806 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a stand<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">alo<span class=\"_ _0\"></span>ne deriv<span class=\"_ _0\"></span>ative. C<span class=\"_ _2b\"></span>hanges in the f<span class=\"_ _2b\"></span>air value are rec<span class=\"_ _2b\"></span>orded in </span></div>\n<div class=\"t m0 x7 h4f y807 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span>The <span class=\"_ _0\"></span>host co<span class=\"_ _0\"></span>ntract <span class=\"_ _0\"></span>is accou<span class=\"_ _0\"></span>nted fo<span class=\"_ _0\"></span>r and meas<span class=\"_ _2b\"></span>ured</div>\n<div class=\"t m0 x7 h4f y808 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g the rul<span class=\"_ _0\"></span>es of the <span class=\"_ _2b\"></span>relevant cate<span class=\"_ _0\"></span>gory of t<span class=\"_ _0\"></span>he finan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>trumen<span class=\"_ _0\"></span>t.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Embedded der<span class=\"_ _2\"></span>ivatives requiring <span class=\"_ _2\"></span>separation are repo<span class=\"_ _2\"></span>rted as hedging</div>\n<div class=\"t m0 x7 h4f y80b ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ives or deri<span class=\"_ _2b\"></span>vatives held for tr<span class=\"_ _0\"></span>ading as <span class=\"lse2 wsf1\">appropriate.<span class=\"ls0 ws0\"> </span></span></div>\n\n<div class=\"t m0 x7 h55 y8ce ffbd fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Hedging<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y882 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On the date Ag<span class=\"_ _2b\"></span>eas enters into a der<span class=\"_ _0\"></span>ivative c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">and decide<span class=\"_ _2\"></span>s to </span></span></div>\n<div class=\"t m0 x7 h4f y883 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">designat<span class=\"_ _2b\"></span>e the contract<span class=\"_ _0\"></span> for he<span class=\"_ _0\"></span>dging pu<span class=\"_ _0\"></span>rposes<span class=\"_ _0\"></span><span class=\"lse2 ws103\">, this contract is<span class=\"_ _2\"></span> designated </span></div>\n<div class=\"t m0 x7 h4f y884 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as either:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y885 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A fair value he<span class=\"_ _0\"></span>dge: a <span class=\"_ _0\"></span>hedge of t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of a reco<span class=\"_ _2b\"></span>gnised asset </span></span></div>\n<div class=\"t m0 x43 h4f y886 ffbb fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">or liab<span class=\"_ _2\"></span>ility;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb ls107 ws122\">A <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hed<span class=\"_ _0\"></span>ge of a net inves<span class=\"_ _0\"></span>tment i<span class=\"_ _0\"></span>n a foreign enti<span class=\"_ _2b\"></span>ty<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y8d0 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A cash flow he<span class=\"_ _0\"></span>dge: a he<span class=\"_ _0\"></span>dge of fut<span class=\"_ _2b\"></span>ure cash flows<span class=\"_ _0\"></span> attribut<span class=\"_ _2b\"></span>able to a </span></span></div>\n<div class=\"t m0 x43 h4f y8d1 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised a<span class=\"_ _2\"></span>sset or liability<span class=\"_ _2\"></span> or a <span class=\"ws103\">highly probable<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">for<span class=\"_ _0\"></span>ecast </span></span></div>\n<div class=\"t m0 x43 h4f y8d2 ffbb fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d3 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb28 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Hedges of firm<span class=\"_ _2\"></span> commitments are fair value hedge<span class=\"_ _2\"></span>s, except for hedge<span class=\"lsf4 ws114\">s of </span></div>\n<div class=\"t m0 x7 h4f yb29 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the for<span class=\"_ _0\"></span>eign exc<span class=\"_ _2b\"></span>hange risk of a f<span class=\"_ _0\"></span>irm comm<span class=\"_ _2b\"></span>itment, which<span class=\"_ _0\"></span> are acco<span class=\"_ _0\"></span>unted f<span class=\"_ _0\"></span>or</div>\n<div class=\"t m0 x7 h4f yb2a ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">as cash flow hedge<span class=\"_ _2\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2b ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the cont<span class=\"_ _0\"></span>ext of hedge acc<span class=\"_ _2b\"></span>ounting, the fol<span class=\"_ _0\"></span>lowing doc<span class=\"_ _2b\"></span>umentation is</div>\n<div class=\"t m0 x7 h4f yb2d ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">prepared:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y962 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">At the start of the trans<span class=\"_ _0\"></span>action, t<span class=\"_ _0\"></span>he relat<span class=\"_ _0\"></span>ionship b<span class=\"_ _2b\"></span>etween <span class=\"wsef\">the <span class=\"lse2 wsf1\">hedging </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y963 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> and hedged items,<span class=\"_ _2\"></span> as well as its<span class=\"_ _2\"></span> risk management</div>\n<div class=\"t m0 x43 h4f y964 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">objective and s<span class=\"_ _2\"></span>trategy for undertaking va<span class=\"_ _2\"></span>rious hedge transactions,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x43 h4f y965 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are docum<span class=\"_ _0\"></span>ented<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x7 h4f y966 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">Both at the start of the<span class=\"_ _0\"></span> hedge and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, the </span></span></div>\n<div class=\"t m0 x43 h4f y967 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assessm<span class=\"_ _2b\"></span>ent of whether t<span class=\"_ _2b\"></span>he derivatives<span class=\"_ _2b\"></span> that are used <span class=\"_ _0\"></span><span class=\"lse2\">in hedging<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x43 h4f y968 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions are high<span class=\"_ _0\"></span>ly effect<span class=\"_ _2b\"></span>ive in offsett<span class=\"_ _2b\"></span>ing changes in <span class=\"_ _0\"></span>fair valu<span class=\"_ _2b\"></span>es</div>\n<div class=\"t m0 x43 h4f y969 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or cash <span class=\"_ _2\"></span>flows of hedged i<span class=\"_ _2\"></span>tems is documented.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Assets, liabil<span class=\"_ _2\"></span>ities, firm commitments or high<span class=\"_ _2\"></span>ly probable forecast</div>\n<div class=\"t m0 x7 h4f y96c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions that involve a p<span class=\"_ _0\"></span>arty exter<span class=\"_ _2b\"></span>nal to Ageas are desig<span class=\"_ _2b\"></span>nated as</div>\n<div class=\"t m0 x7 h4f y96d ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">hedged it<span class=\"_ _2b\"></span>ems. A hedged i<span class=\"_ _0\"></span>tem can <span class=\"_ _2b\"></span>also be a part<span class=\"_ _0\"></span>icular r<span class=\"_ _0\"></span>isk that i<span class=\"_ _2b\"></span>s a</div>\n<div class=\"t m0 x7 h4f y96e ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">portion of<span class=\"_ _0\"></span> the total ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e hedged i<span class=\"_ _0\"></span>tem. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96f ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y970 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"lse2 wsf1\">hange</span>s<span class=\"_ _2\"></span> <span class=\"ls102 ws11d\">in <span class=\"lse2 wsf1\">the <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fai<span class=\"_ _0\"></span>r value of a hedg<span class=\"_ _2b\"></span>ed item that is attri<span class=\"_ _0\"></span>butabl<span class=\"_ _0\"></span>e to the </span></span></span></div>\n<div class=\"t m0 x7 h4f y971 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged ris<span class=\"_ _2\"></span>k and <span class=\"ls0 ws0\">c</span><span class=\"wsf1\">hange<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span></span><span class=\"lse0\">in the f<span class=\"_ _2b\"></span>air value of the <span class=\"_ _2b\"></span>hedging inst<span class=\"_ _0\"></span><span class=\"wsf0\">rument in a </span></span></div>\n<div class=\"t m0 x7 h4f y972 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">fair value hedge<span class=\"_ _2\"></span> are recognised in the income s<span class=\"_ _2\"></span>tatement. The change in</div>\n<div class=\"t m0 x7 h4f y973 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"lse0 wsf0\">fair value of int<span class=\"_ _2b\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">bearing<span class=\"_ _2\"></span> derivative instrum<span class=\"_ _2\"></span>ents is presented </span></span></span></div>\n<div class=\"t m0 x7 h4f y974 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ely <span class=\"_ _2\"></span>fr<span class=\"_ _2b\"></span>om interest accr<span class=\"_ _0\"></span>uals. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y976 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If the he<span class=\"_ _2b\"></span>dge no longer m<span class=\"_ _0\"></span>eets th<span class=\"_ _0\"></span>e crite<span class=\"_ _0\"></span>ria for h<span class=\"_ _0\"></span>edge acc<span class=\"_ _0\"></span>ounting,<span class=\"_ _2b\"></span> o<span class=\"ls102 ws129\">r is<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9da ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">otherwise di<span class=\"_ _2\"></span>scontinued, the adjustment to<span class=\"_ _2\"></span> the carrying amount of a</div>\n<div class=\"t m0 x7 h4f y9db ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged intere<span class=\"_ _2\"></span>st<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">bearing f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al instrum<span class=\"_ _0\"></span>ent that res<span class=\"_ _2b\"></span>ults from hedge </span></span></div>\n<div class=\"t m0 x7 h4f y9dc ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing is am<span class=\"_ _0\"></span>ortis<span class=\"_ _0\"></span>ed using t<span class=\"_ _2b\"></span>he new effectiv<span class=\"_ _2b\"></span>e interest rate c<span class=\"_ _2b\"></span>alculated</div>\n<div class=\"t m0 x7 h4f y9dd ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the hedg<span class=\"_ _0\"></span>e disconti<span class=\"_ _2b\"></span>nuance date.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc13 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Changes<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in the fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es that are de<span class=\"_ _0\"></span>signat<span class=\"_ _0\"></span>ed and qualif<span class=\"_ _0\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yc14 ffbb fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">as cash<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">flow hedges a<span class=\"_ _2\"></span>re recognised in <span class=\"_ _2\"></span><span class=\"ws103\">other comprehensive in<span class=\"_ _2\"></span>come</span></span> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">under the caption<span class=\"_ _2\"></span> \u2018Unrealised gains and<span class=\"_ _2\"></span> losses\u2019. The amount in <span class=\"lse0 wsef\">other </span></div>\n<div class=\"t m0 x1a h4f yc16 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">comprehensive in<span class=\"_ _2\"></span>come<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">is recl<span class=\"_ _0\"></span>assifie<span class=\"_ _0\"></span>d to the <span class=\"_ _0\"></span>income st<span class=\"_ _2b\"></span>ate<span class=\"wsf0\">ment when the </span></span></span></div>\n<div class=\"t m0 x1a h4f yc17 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedged it<span class=\"_ _0\"></span>em affect<span class=\"_ _0\"></span>s the incom<span class=\"_ _0\"></span>e stateme<span class=\"_ _0\"></span>nt. Any hed<span class=\"_ _0\"></span>ge ineffect<span class=\"_ _2b\"></span>iveness is</div>\n<div class=\"t m0 x1a h4f yc18 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">immediately rec<span class=\"_ _2\"></span>ognised in the income statement<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>hedge <span class=\"_ _0\"></span>of a forec<span class=\"_ _2b\"></span>ast transact<span class=\"_ _0\"></span>ion or fi<span class=\"_ _2b\"></span>rm commitment <span class=\"_ _2b\"></span>results in</div>\n<div class=\"t m0 x1a h4f yc1b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the recognition<span class=\"_ _2\"></span> of a non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">financial <span class=\"_ _2\"></span>asset or of a n<span class=\"_ _2\"></span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-</span></span></span>financial liabi<span class=\"_ _2\"></span>lity, the</div>\n<div class=\"t m0 x1a h4f yc1c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses pre<span class=\"_ _0\"></span>viousl<span class=\"_ _0\"></span>y deferre<span class=\"_ _0\"></span>d in <span class=\"lse2 ws103\">other comprehens<span class=\"_ _2\"></span>ive income<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x1a h4f yc1d ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transferred fr<span class=\"_ _2\"></span>om other comprehensive income<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>and are included in the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1e ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial measurem<span class=\"_ _2\"></span>ent of that non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">financial ass<span class=\"_ _2b\"></span>et or liability. Ot<span class=\"_ _0\"></span>herwise,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc1f ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts deferred<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">in </span></span>other compr<span class=\"_ _2\"></span>ehensive income<span class=\"ls0 ws0\"> </span>ar<span class=\"_ _2\"></span>e transferred to the</div>\n<div class=\"t m0 x1a h4f yc20 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement and <span class=\"wsef\">are </span>class<span class=\"_ _0\"></span>ified as pr<span class=\"_ _0\"></span>ofit or loss<span class=\"_ _0\"></span> in the perio<span class=\"_ _0\"></span>ds</div>\n<div class=\"t m0 x1a h4f yc21 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">during wh<span class=\"_ _0\"></span>ich the hedg<span class=\"_ _2b\"></span>ed firm commitme<span class=\"_ _0\"></span>nt or forec<span class=\"_ _0\"></span>ast transa<span class=\"_ _2b\"></span>ction affects</div>\n<div class=\"t m0 x1a h4f yc22 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc23 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc24 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The above als<span class=\"_ _2b\"></span>o applies if the hed<span class=\"_ _0\"></span>ge no<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">longer meets the cr<span class=\"_ _2\"></span>iteria for </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedge acc<span class=\"_ _2b\"></span>ounting, or is other<span class=\"_ _0\"></span>wise disc<span class=\"_ _2b\"></span>ontinued, but the h<span class=\"_ _2b\"></span>edged forecast</div>\n<div class=\"t m0 x1a h4f yc34 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion or firm co<span class=\"_ _0\"></span>mmitme<span class=\"_ _0\"></span>nt are st<span class=\"_ _2b\"></span>ill expected t<span class=\"_ _0\"></span>o occur.<span class=\"_ _0\"></span> If the h<span class=\"_ _0\"></span>edged</div>\n<div class=\"t m0 x1a h4f yc35 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">forecast trans<span class=\"_ _2\"></span>action or firm commitment are<span class=\"_ _2\"></span> no longer expected to</div>\n<div class=\"t m0 x1a h4f yc36 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occur, th<span class=\"_ _0\"></span>e am<span class=\"lse2 wsfa\">ounts deferred<span class=\"_ _2\"></span> in </span>other com<span class=\"_ _2b\"></span>prehensive inc<span class=\"_ _0\"></span>ome<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are <span class=\"lse2 wsf1\">directly </span></span></div>\n<div class=\"t m0 x1a h4f yc37 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transfe<span class=\"_ _0\"></span>rred to t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 346px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 646px; width: 352px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 335px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 824px; width: 352px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 340px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 829px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y9de ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div id=\"fs_WIILL92SOG00000000000000000000\">\n<div class=\"t m0 x1a h4f ybf4 ffbb fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.3<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"ls102 ws11d\">Sa<span class=\"_ _2\"></span>le</span> <span class=\"lse2 wsfa\">and repurchase<span class=\"_ _2\"></span> agreements and l<span class=\"_ _2\"></span>ending / borrowing<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1e6 h4f ybf5 ffbb fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">securities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf6 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies subjec<span class=\"_ _0\"></span>t to a commit<span class=\"_ _2b\"></span>ment to repurchas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>em (\u2018repo\u2019<span class=\"_ _0\"></span>) are not</div>\n<div class=\"t m0 x1a h4f ybf7 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised fr<span class=\"_ _0\"></span>om the state<span class=\"_ _0\"></span>ment of fina<span class=\"_ _2b\"></span>ncial position as su<span class=\"_ _2b\"></span>bstantially all</div>\n<div class=\"t m0 x1a h4f ybf8 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the risk and r<span class=\"_ _0\"></span>ewards of ow<span class=\"_ _2b\"></span>nership remain w<span class=\"_ _0\"></span>ithin Age<span class=\"_ _0\"></span>as. The pr<span class=\"_ _0\"></span>oceeds</div>\n<div class=\"t m0 x1a h4f ybf9 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">received f<span class=\"_ _2\"></span>rom such sales are <span class=\"_ _2\"></span>neutralised by re<span class=\"_ _2\"></span>cognising a</div>\n<div class=\"t m0 x1a h4f ybfa ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">corresponding<span class=\"_ _2\"></span> financial liability, cla<span class=\"_ _2\"></span>ssified under \u2018Bo<span class=\"wsf1\">rrowings\u2019<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ybfb ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfc ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies purch<span class=\"_ _0\"></span>ased unde<span class=\"_ _0\"></span>r agreem<span class=\"_ _0\"></span>ents to rese<span class=\"_ _2b\"></span>ll (\u2018reverse repos<span class=\"_ _2b\"></span>\u2019) are</div>\n<div class=\"t m0 x1a h4f ybfd ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d on the st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> of finan<span class=\"_ _2b\"></span>cial position.<span class=\"_ _0\"></span> The ri<span class=\"_ _0\"></span>ght to</div>\n<div class=\"t m0 x1a h4f ybfe ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">receive cash from<span class=\"_ _2\"></span> a counterparty is recorded<span class=\"_ _2\"></span> under \u2018Loans\u2019. The</div>\n<div class=\"t m0 x1a h4f ybff ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">difference bet<span class=\"_ _2\"></span>ween the sale and repurchase pri<span class=\"_ _2\"></span>ce is tr<span class=\"lse0 wsf0\">eated as i<span class=\"_ _2b\"></span>nterest </span></div>\n<div class=\"t m0 x1a h4f yc00 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and accru<span class=\"_ _2b\"></span>ed over the life of the ag<span class=\"_ _0\"></span>reements us<span class=\"_ _2b\"></span>ing the effectiv<span class=\"_ _0\"></span>e interest<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc01 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">method. <span class=\"ls0 ws0\"> </span></div>\n</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 349px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yc02 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc03 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies lent t<span class=\"_ _2b\"></span>o counterpart<span class=\"_ _0\"></span>ies rem<span class=\"_ _0\"></span>ain on t<span class=\"_ _0\"></span>he state<span class=\"_ _2b\"></span>ment of financi<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x1a h4f yc04 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">position. Si<span class=\"_ _2\"></span>milarly, securities <span class=\"_ _2\"></span>borrowed are no<span class=\"_ _2\"></span>t recognised on <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f yc05 ffbb fs3a fc14 sc0 lsf4 ws114\" style=\"z-index: 15;\">statement of fina<span class=\"lse2 ws103\">ncial po<span class=\"_ _2\"></span>sition. If borrowed securities are sold to third </span></div>\n<div class=\"t m0 x1a h4f yc06 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">parties, the proceeds from the sale and a liability for the obligation to</div>\n<div class=\"t m0 x1a h4f yc07 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">return the collateral are recorded. The obligation to return the collateral<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc08 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is measured at fair value through profit or loss. Cash advanced or<span class=\"ls0 ws0\"><span class=\"lse2 wsfa\"><span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc09 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">received related to securities borrowing or lending transactions is</div>\n<div class=\"t m0 x1a h4f yc0a ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recorded under \u2018Loans\u2019 or under \u2018Borrowings\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 356px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 356px; width: 349px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h4f yb5b ffbb fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.4<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsf0\">Cash and cash equiv<span class=\"_ _2b\"></span>alents <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb5c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Cash and ca<span class=\"_ _0\"></span>sh equiva<span class=\"_ _2b\"></span>lents comprise<span class=\"_ _0\"></span> cash on hand, f<span class=\"_ _0\"></span>reely ava<span class=\"_ _0\"></span>ilable</div>\n<div class=\"t m0 x1a h4f yc38 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">balances with<span class=\"_ _2\"></span> (central) b<span class=\"lse0 wsfa\">anks a<span class=\"_ _0\"></span>nd other f<span class=\"_ _2b\"></span>inancial instr<span class=\"_ _2b\"></span>uments with l<span class=\"_ _0\"></span>ess </span></div>\n<div class=\"t m0 x1a h4f yc39 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">than thre<span class=\"_ _0\"></span>e months mat<span class=\"_ _2b\"></span>urity from the date<span class=\"_ _0\"></span> of acquisit<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 284px; height: 57px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 251px; height: 855px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 251px; height: 855px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 251px; height: 855px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ffc2 fs3a fc1f sc0 ls104 ws136\" style=\"z-index: 15;\">Cash flow <span class=\"lse0 wsef\">st<span class=\"_ _0\"></span>atement<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rep<span class=\"_ _0\"></span>orts cash fl<span class=\"_ _0\"></span>ows from op<span class=\"_ _0\"></span>erating ac<span class=\"_ _0\"></span>tiviti<span class=\"_ _2b\"></span>es using the indirec<span class=\"_ _0\"></span>t</div>\n<div class=\"t m0 x7 h4f y804 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">method,<span class=\"_ _0\"></span> whereby t<span class=\"_ _0\"></span>he net resu<span class=\"wsfa\">l<span class=\"_ _0\"></span>t is adj<span class=\"_ _2b\"></span>usted for the eff<span class=\"_ _2b\"></span>ects of transac<span class=\"_ _0\"></span>tions </span></div>\n<div class=\"t m0 x7 h4f y805 ffc0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of a non<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span>cash nature, an<span class=\"_ _2\"></span>y deferrals or ac<span class=\"_ _2\"></span>cruals of past or <span class=\"_ _2\"></span>future</div>\n<div class=\"t m0 x7 h4f y806 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ng cash rec<span class=\"_ _0\"></span>eipts or pay<span class=\"_ _0\"></span>ments,<span class=\"_ _0\"></span> and items of in<span class=\"_ _2b\"></span>come or expense</div>\n<div class=\"t m0 x7 h4f y807 ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">associat<span class=\"_ _2b\"></span>ed with invest<span class=\"_ _2b\"></span>ing or financi<span class=\"_ _0\"></span>ng cash fl<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y808 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>erest rec<span class=\"_ _2b\"></span>eived and int<span class=\"_ _0\"></span>erest pai<span class=\"_ _2b\"></span>d are presente<span class=\"_ _0\"></span>d as cash f<span class=\"_ _2b\"></span>lows from</div>\n<div class=\"t m0 x7 h4f y80a ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ng activ<span class=\"_ _2b\"></span>ities in the cas<span class=\"_ _2b\"></span>h flow statem<span class=\"_ _0\"></span>ent. Dividends received are</div>\n<div class=\"t m0 x7 h4f y80b ffc0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">classified as cash flows from operating activities. Dividends paid are</div>\n<div class=\"t m0 x7 h4f y80c ffc0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">classified as cash flows from financing activities.<span class=\"ls0 ws0\"> </span></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h4f yc3c ffc0 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.5<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lsfb wsfa\">In<span class=\"_ _2\"></span>ve<span class=\"lse0 wsf0\">stment pr<span class=\"_ _0\"></span>operty<span class=\"_ _0\"></span> and <span class=\"lse2 wsf1\">property<span class=\"ls0 ws0\"> </span></span>held for own use<span class=\"ls0 ws0\"> </span></span></span></span></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 yc3d ffc2 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">property<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">held for own us<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc3e ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y classif<span class=\"_ _0\"></span>ied as held fo<span class=\"_ _0\"></span>r own use main<span class=\"_ _2b\"></span>ly includes:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc3f ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Office buildin<span class=\"_ _0\"></span>gs that Ageas oc<span class=\"_ _2b\"></span>cupies<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc40 ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 ws103\">C<span class=\"_ _2\"></span>ommercial buildings tha<span class=\"_ _2\"></span>t are used to operate a bus<span class=\"lsfb wsfa\">ine<span class=\"_ _2\"></span>ss.</span></span><span class=\"ffc0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc41 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc42 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All real est<span class=\"_ _0\"></span>ate held f<span class=\"_ _0\"></span>or own use and fi<span class=\"_ _0\"></span>xed asset<span class=\"_ _0\"></span>s are meas<span class=\"_ _0\"></span>ured at cost</div>\n<div class=\"t m0 x1a h4f yc43 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">less accum<span class=\"_ _2b\"></span>ulated depreci<span class=\"_ _0\"></span>ation (ex<span class=\"_ _0\"></span>cept for la<span class=\"_ _0\"></span>nd that is not<span class=\"_ _0\"></span> depreci<span class=\"_ _0\"></span>ated)</div>\n<div class=\"t m0 x1a h4f yc44 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and any acc<span class=\"_ _0\"></span>umulated i<span class=\"_ _2b\"></span>mpairment loss<span class=\"_ _0\"></span>es. Cost is th<span class=\"_ _0\"></span>e amount of cas<span class=\"_ _2b\"></span>h or</div>\n<div class=\"t m0 x1a h4f yc45 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash equi<span class=\"_ _0\"></span>valents<span class=\"_ _0\"></span> paid or the fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>va<span class=\"wsfa\">l<span class=\"_ _0\"></span>ue of the <span class=\"_ _2b\"></span>other consider<span class=\"_ _0\"></span>ation gi<span class=\"_ _2b\"></span>ven </span></div>\n<div class=\"t m0 x1a h4f yc46 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to acquir<span class=\"_ _0\"></span>e an asset<span class=\"_ _0\"></span> at the time of its a<span class=\"_ _0\"></span>cquisit<span class=\"_ _2b\"></span>ion or constructio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc47 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc48 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The depre<span class=\"_ _0\"></span>ciatio<span class=\"_ _0\"></span>n of buildi<span class=\"_ _0\"></span>ngs is calc<span class=\"_ _0\"></span>ulated usin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e straight<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">line metho<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x1a h4f yc49 ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to write <span class=\"_ _0\"></span>down the <span class=\"_ _2b\"></span>cost of such a<span class=\"_ _0\"></span>ssets t<span class=\"_ _0\"></span>o thei<span class=\"lse2\">r residual values <span class=\"_ _2\"></span>over their </span></div>\n<div class=\"t m0 x1a h4f yc4a ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed useful lives. Th<span class=\"_ _0\"></span>e useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>IT, of<span class=\"_ _0\"></span>fice an<span class=\"_ _0\"></span>d equipment<span class=\"_ _0\"></span> is</div>\n<div class=\"t m0 x1a h4f yc4b ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned individuall<span class=\"_ _0\"></span>y for each ass<span class=\"_ _2b\"></span>et. The useful life of<span class=\"_ _0\"></span> the buildi<span class=\"_ _0\"></span>ngs is</div>\n<div class=\"t m0 x1a h4f yc4c ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned for each sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt part s<span class=\"_ _0\"></span>eparate<span class=\"_ _0\"></span>ly (com<span class=\"_ _0\"></span>ponent a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h)</div>\n<div class=\"t m0 x1a h4f yc4d ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and is revi<span class=\"_ _0\"></span>ewed at each y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">end. T<span class=\"_ _2b\"></span>he real estate i<span class=\"_ _2b\"></span>s therefore s<span class=\"_ _0\"></span>plit int<span class=\"_ _0\"></span>o </span></div>\n<div class=\"t m0 x1a h4f ya2f ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the foll<span class=\"_ _0\"></span>owing c<span class=\"_ _2b\"></span>omponents: st<span class=\"_ _0\"></span>ructure,<span class=\"_ _0\"></span> closi<span class=\"_ _2b\"></span>ng, techniques<span class=\"_ _0\"></span> and equ<span class=\"_ _0\"></span>ipment,<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc4e ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">heavy fi<span class=\"_ _0\"></span>nishing <span class=\"_ _0\"></span>and li<span class=\"_ _0\"></span>ght finis<span class=\"_ _0\"></span>hing.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 293px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 298px; width: 353px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 335px; width: 353px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yc4f ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc50 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f yc51 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The maxim<span class=\"_ _0\"></span>um useful lif<span class=\"_ _2b\"></span>e of components is as f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc52 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 yc53 ffc0 fs3c fc14 sc0 lsed ws12d\" style=\"z-index: 15;\">Structure<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc54 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">50 years for <span class=\"wsf3\">offices and retail<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 yc56 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 682px; z-index: 15;\">70 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc57 ffc0 fs3c fc14 sc0 ls109 ws12c\" style=\"z-index: 15;\">Closing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc58 ffc0 fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">30 years for offices an<span class=\"_ _0\"></span>d retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc74 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 641px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc5b ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Techniques and equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5c ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">15 years for car parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5d ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">20 years for offices<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5e ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">25 years for retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc60 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 568px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc61 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Heavy finishing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc62 ffc0 fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">15 years <span class=\"lsec\">for car<span class=\"_ _2\"></span> parks<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1df h52 yc63 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">20 years for offices<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc64 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">25 years for retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc66 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 495px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc68 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 470px; z-index: 15;\">Light finishing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc68 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 470px; z-index: 15;\">10 years for offices, retail and residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc69 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc6a ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc6b ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Land has an unlimi<span class=\"_ _0\"></span>ted useful<span class=\"_ _0\"></span> life and is ther<span class=\"_ _2b\"></span>efore not depreci<span class=\"_ _2b\"></span>ated<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f yc6c ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 wsfa\">A<span class=\"_ _2\"></span>s a general rul<span class=\"_ _2\"></span>e, residual value<span class=\"_ _2\"></span>s are <span class=\"lse0 wsf0\">consid<span class=\"_ _2b\"></span>ered to be zero<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yc6d ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Repairs and maint<span class=\"_ _2b\"></span>enance expenses<span class=\"_ _0\"></span> are charg<span class=\"_ _0\"></span>ed to the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _2b\"></span>ent when the expend<span class=\"_ _0\"></span>iture is inc<span class=\"_ _0\"></span>urred. Ex<span class=\"_ _2b\"></span>penditures that e<span class=\"_ _2b\"></span>nha<span class=\"lse2 ws103\">nce or ext<span class=\"_ _2\"></span>end the </span></span></span></div>\n<div class=\"t m0 x43 h4f yc6e ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s of real <span class=\"_ _2b\"></span>estate or fixe<span class=\"_ _0\"></span>d assets <span class=\"_ _0\"></span>beyond t<span class=\"_ _2b\"></span>heir original <span class=\"_ _0\"></span>use are c<span class=\"_ _2b\"></span>apitalised an<span class=\"_ _0\"></span>d subs<span class=\"lse2\">equently depreciated<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f yc6f ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 ws103\">Bo<span class=\"_ _2\"></span>rrowing costs to finance<span class=\"_ _2\"></span> the construction of proper<span class=\"_ _2\"></span>ty, plant and equipment are trea<span class=\"_ _2\"></span>ted in the same way as borrowing c<span class=\"_ _2\"></span>osts o<span class=\"lse0 wsf0\">n inve<span class=\"_ _0\"></span>stment pro<span class=\"_ _2b\"></span>perty<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 344px; height: 400px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 344px; height: 400px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 344px; height: 400px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 344px; height: 762px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffc7 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"lse2 wsfa\">investment<span class=\"_ _2\"></span> property<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment prop<span class=\"_ _0\"></span>erties ar<span class=\"_ _0\"></span>e those prop<span class=\"_ _0\"></span>erties that<span class=\"_ _0\"></span> Ageas h<span class=\"_ _0\"></span>olds to ear<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y804 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rental inc<span class=\"_ _2b\"></span>ome or for capital app<span class=\"_ _0\"></span>reciat<span class=\"_ _0\"></span>ion. Age<span class=\"_ _0\"></span>as may also use c<span class=\"_ _0\"></span>ertain</div>\n<div class=\"t m0 x7 h4f y805 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent properties for o<span class=\"_ _0\"></span>wn use. If the o<span class=\"_ _0\"></span>wn use porti<span class=\"_ _2b\"></span>ons can be sold</div>\n<div class=\"t m0 x7 h4f y806 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separately or lea<span class=\"_ _2\"></span>sed out separately under a f<span class=\"_ _2\"></span>inance lease, these</div>\n<div class=\"t m0 x7 h4f y807 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">portions are a<span class=\"_ _2\"></span>ccounted for as property, plan<span class=\"_ _2\"></span>t and equipment. If the own</div>\n<div class=\"t m0 x7 h4f y808 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">use portions cann<span class=\"_ _2\"></span>ot be sold separately, the<span class=\"_ _2\"></span> property is treated as</div>\n<div class=\"t m0 x7 h4f y809 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent property only if<span class=\"_ _0\"></span> Ageas hol<span class=\"_ _0\"></span>ds an insignif<span class=\"_ _2b\"></span>icant portion f<span class=\"_ _0\"></span>or own</div>\n<div class=\"t m0 x7 h4f y80a ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">use. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For reasons<span class=\"_ _2\"></span> of comparability,<span class=\"_ _2\"></span> Ageas applies the<span class=\"_ _2\"></span> cost model for bo<span class=\"_ _2\"></span>th</div>\n<div class=\"t m0 x7 h4f y80d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent property and fo<span class=\"_ _0\"></span>r property he<span class=\"_ _2b\"></span>ld for own use. After i<span class=\"_ _0\"></span>nitial</div>\n<div class=\"t m0 x7 h4f y80e ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, all property is m<span class=\"_ _0\"></span>easur<span class=\"_ _0\"></span>ed at its cost les<span class=\"_ _0\"></span>s any accum<span class=\"_ _0\"></span>ulated</div>\n<div class=\"t m0 x7 h4f y80f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">depreci<span class=\"_ _0\"></span>ation (u<span class=\"_ _0\"></span>sing a s<span class=\"_ _0\"></span>traight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">line met<span class=\"_ _2b\"></span>hod) and<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">any accumula<span class=\"_ _2\"></span>ted </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y810 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>ses. As <span class=\"_ _0\"></span>a result<span class=\"_ _0\"></span>, chang<span class=\"_ _2b\"></span>es in the fair v<span class=\"_ _0\"></span>alue of t<span class=\"_ _2b\"></span>he property</div>\n<div class=\"t m0 x7 h4f y90a ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are neit<span class=\"_ _0\"></span>her rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt (exce<span class=\"_ _0\"></span>pt for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y90b ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">losses) nor in<span class=\"_ _2\"></span> other comprehensive income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90c ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90d ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The resi<span class=\"_ _2b\"></span>dual value and t<span class=\"_ _2b\"></span>he useful lif<span class=\"_ _0\"></span>e of <span class=\"wsf0\">inves<span class=\"_ _0\"></span>tment p<span class=\"_ _0\"></span>roperty is </span></div>\n<div class=\"t m0 x7 h4f y90e ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned for each sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt part s<span class=\"_ _0\"></span>eparate<span class=\"_ _0\"></span>ly (com<span class=\"_ _0\"></span>ponent a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h)</div>\n<div class=\"t m0 x7 h4f y90f ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and is revi<span class=\"_ _0\"></span>ewed at each y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">end. For investment<span class=\"_ _2\"></span> property, the same </span></span></div>\n<div class=\"t m0 x7 h4f y910 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">maxima<span class=\"_ _0\"></span>l useful lif<span class=\"_ _0\"></span>e of compon<span class=\"_ _0\"></span>ents is app<span class=\"_ _0\"></span>lied as for p<span class=\"_ _0\"></span>roperty he<span class=\"_ _2b\"></span>ld for own</div>\n<div class=\"t m0 x7 h4f y911 ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">use.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y912 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas r<span class=\"_ _0\"></span>ents its<span class=\"_ _0\"></span> i<span class=\"lse2 ws103\">nvestment proper<span class=\"_ _2\"></span>ty under various non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">canc<span class=\"_ _2\"></span>ellable rental </span></span></div>\n<div class=\"t m0 x7 h4f y913 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contracts. <span class=\"_ _2\"></span>Certain contracts co<span class=\"_ _2\"></span>ntain renewal optio<span class=\"_ _2\"></span>ns for various p<span class=\"_ _2\"></span>eriods</div>\n<div class=\"t m0 x7 h4f y914 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of time.<span class=\"_ _0\"></span> The re<span class=\"_ _0\"></span>ntal inco<span class=\"_ _2b\"></span>me associated<span class=\"_ _0\"></span> with the<span class=\"_ _0\"></span>se cont<span class=\"_ _0\"></span>racts is <span class=\"_ _2b\"></span>recognised</div>\n<div class=\"t m0 x7 h4f y915 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">over time as in<span class=\"_ _2b\"></span>vestment inco<span class=\"_ _0\"></span>me, on a strai<span class=\"_ _0\"></span>ght<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">line bas</span></span>is over the rental</div>\n<div class=\"t m0 x7 h4f y916 ffc5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">term.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y917 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y918 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Transfers to,<span class=\"_ _2\"></span> or from, investment proper<span class=\"_ _2\"></span>ty are only made when there is a</div>\n<div class=\"t m0 x7 h4f y919 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">change in us<span class=\"_ _2b\"></span>e:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y91a ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsf0\">Into investment<span class=\"_ _0\"></span> property at<span class=\"_ _0\"></span> the end of ow<span class=\"_ _0\"></span>ner<span class=\"ls0 ws0\">-</span>occupat<span class=\"_ _2b\"></span>ion, at the start </span></span></div>\n<div class=\"t m0 x43 h4f y91b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of an operat<span class=\"_ _0\"></span>ing leas<span class=\"_ _0\"></span>e to <span class=\"lse2 wsf1\">another<span class=\"ls0 ws0\"> </span></span>party, or at the end of<span class=\"_ _0\"></span> construct<span class=\"_ _2b\"></span>ion</div>\n<div class=\"t m0 x43 h4f y91c ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or<span class=\"ls0 ws0\"> </span>developm<span class=\"_ _2b\"></span>ent<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">an<span class=\"_ _2\"></span>d</span> </span></div>\n<div class=\"t m0 x7 h4f y91d ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">Out of investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>perty at t<span class=\"_ _2b\"></span>he commencem<span class=\"_ _2b\"></span>ent of owner<span class=\"ls0 ws0\">-</span></span></span></div>\n<div class=\"t m0 x43 h4f y91e ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">occupat<span class=\"_ _0\"></span>ion or at<span class=\"_ _0\"></span> the start<span class=\"_ _0\"></span> of dev<span class=\"_ _2b\"></span>elopment with a v<span class=\"_ _2b\"></span>iew to sale.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y91f ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y920 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>outcom<span class=\"_ _0\"></span>e of a cons<span class=\"_ _2b\"></span>truction cont<span class=\"_ _0\"></span>ract ca<span class=\"_ _0\"></span>n be esti<span class=\"_ _2b\"></span>mated reliably,<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y921 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> revenu<span class=\"_ _0\"></span>e and contr<span class=\"_ _0\"></span>act costs a<span class=\"_ _0\"></span>ssociate<span class=\"_ _2b\"></span>d with the constru<span class=\"_ _0\"></span>ction</div>\n<div class=\"t m0 x7 h4f y922 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contract are<span class=\"_ _2\"></span> recognised as rev<span class=\"_ _2\"></span>enue and expense<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"wsf1\">respectively<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>by </span></div>\n<div class=\"t m0 x7 h4f y923 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">referenc<span class=\"_ _2b\"></span>e to the stage <span class=\"_ _0\"></span>of comp<span class=\"_ _0\"></span>letion <span class=\"_ _0\"></span>of the co<span class=\"_ _0\"></span>ntract a<span class=\"_ _2b\"></span>ctivity at the d<span class=\"_ _2b\"></span>ate of</div>\n<div class=\"t m0 x7 h4f y924 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the state<span class=\"_ _0\"></span>ment of finan<span class=\"_ _2b\"></span>cial position. Wh<span class=\"_ _2b\"></span>en it is probable that <span class=\"wsef\">t<span class=\"_ _0\"></span>he <span class=\"lsfc ws115\">tota<span class=\"_ _2\"></span>l </span></span></div>\n<div class=\"t m0 x7 h4f y925 ffc5 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">contract costs will <span class=\"lse0 wsef\">exceed <span class=\"lsfc ws115\">the <span class=\"lse2 ws103\">total<span class=\"_ _2\"></span> contract revenue, the expected<span class=\"_ _2\"></span> loss </span></span></span></div>\n<div class=\"t m0 x7 h4f y926 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is recogni<span class=\"_ _2\"></span>sed immediately in<span class=\"_ _2\"></span> the income sta<span class=\"_ _2\"></span>tement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 410px; height: 687px; width: 354px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y973 ffc7 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f property held<span class=\"_ _2\"></span> for own use and i<span class=\"_ _2\"></span>nvestment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y974 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As for other non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">finan<span class=\"_ _2b\"></span>cial assets, pro<span class=\"_ _0\"></span>perty he<span class=\"_ _0\"></span>ld for own use an<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x7 h4f y975 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment proper<span class=\"_ _2\"></span>ty<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">is </span></span>impaired<span class=\"_ _2\"></span> when its carrying amount exceeds<span class=\"_ _2\"></span> the</div>\n<div class=\"t m0 x7 h4f y976 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9db ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The recoverable<span class=\"_ _2\"></span> amount is measured as the higher<span class=\"_ _2\"></span> of either \u2018fair value</div>\n<div class=\"t m0 x7 h4f y9dc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">less cost<span class=\"_ _0\"></span>s to sel<span class=\"_ _0\"></span>l\u2019 or \u2018va<span class=\"_ _2b\"></span>lue in use\u2019<span class=\"ls0 ws0\">:  </span></div>\n<div class=\"t m0 x7 h4f y9dd ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">The \u2018fair val<span class=\"_ _0\"></span>ue less cos<span class=\"_ _0\"></span>ts to se<span class=\"_ _2b\"></span>ll\u2019 is the pric<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>ould be rec<span class=\"_ _2b\"></span>eived </span></span></div>\n<div class=\"t m0 x43 h4f y9de ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to sell an ass<span class=\"_ _0\"></span>et in an orde<span class=\"_ _0\"></span>rly trans<span class=\"_ _0\"></span>action b<span class=\"_ _0\"></span>etween ma<span class=\"_ _2b\"></span>rket</div>\n<div class=\"t m0 x6c h4f yc13 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participants<span class=\"_ _2\"></span> (based on observable and non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">observable mar<span class=\"_ _0\"></span>ket </span></span></div>\n<div class=\"t m0 x6c h4f yc14 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">data), aft<span class=\"_ _0\"></span>er deduct<span class=\"_ _2b\"></span>ing any direct incr<span class=\"_ _0\"></span>emental d<span class=\"_ _2b\"></span>isposal costs<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc15 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsfa\">\u2018value <span class=\"_ _0\"></span>in use\u2019 i<span class=\"_ _0\"></span>s the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of <span class=\"_ _0\"></span>estimate<span class=\"_ _2b\"></span>d future cash </span></span></span></div>\n<div class=\"t m0 x6c h4f yc16 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">flows ex<span class=\"_ _2b\"></span>pected to aris<span class=\"_ _0\"></span>e from c<span class=\"_ _0\"></span>ontinui<span class=\"_ _0\"></span>ng use of t<span class=\"_ _2b\"></span>he asset and fr<span class=\"_ _0\"></span>om</div>\n<div class=\"t m0 x6c h4f yc17 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">its dispos<span class=\"_ _2b\"></span>al at the end of its usefu<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>lif<span class=\"_ _0\"></span>e, without<span class=\"_ _0\"></span> deducti<span class=\"_ _2b\"></span>on <span class=\"_ _2\"></span>of<span class=\"_ _0\"></span> transfer</div>\n<div class=\"t m0 x6c h4f yc18 ffc5 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">tax.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At the end of eac<span class=\"_ _2b\"></span>h reporting peri<span class=\"_ _0\"></span>od, Ageas as<span class=\"_ _2b\"></span>sess<span class=\"lse2 ws103\">es whether there<span class=\"_ _2\"></span> is </span></div>\n<div class=\"t m0 x1a h4f yc1b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any object<span class=\"_ _0\"></span>ive indic<span class=\"_ _2b\"></span>ation that an asset<span class=\"_ _0\"></span> may be impai<span class=\"_ _0\"></span>red, con<span class=\"_ _0\"></span>sideri<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f yc1c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">various externa<span class=\"_ _2\"></span>l (e.g. significant chang<span class=\"_ _2\"></span>es in the economic environment)<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and inter<span class=\"_ _0\"></span>nal (e.g. p<span class=\"_ _0\"></span>lan to disp<span class=\"_ _0\"></span>ose) sourc<span class=\"_ _2b\"></span>es of information.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>If any<span class=\"_ _0\"></span> such</div>\n<div class=\"t m0 x1a h4f yc1e ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">indication e<span class=\"_ _2\"></span>xists (and o<span class=\"lse0 wsf0\">nly then<span class=\"_ _0\"></span>), Ageas wi<span class=\"_ _0\"></span>ll reduce t<span class=\"_ _0\"></span>he carryi<span class=\"_ _2b\"></span>ng amount </span></div>\n<div class=\"t m0 x1a h4f yc1f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the im<span class=\"_ _0\"></span>paired as<span class=\"_ _2b\"></span>set to its est<span class=\"_ _0\"></span>imated r<span class=\"_ _2b\"></span>ecoverable am<span class=\"_ _0\"></span>ount,<span class=\"_ _0\"></span> and the</div>\n<div class=\"t m0 x1a h4f yc20 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ch<span class=\"_ _0\"></span>ange in the cu<span class=\"_ _2b\"></span>rrent year is recog<span class=\"_ _0\"></span>nised in the inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x1a h4f yc21 ffc5 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc23 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">After th<span class=\"_ _2b\"></span>e recognition o<span class=\"_ _0\"></span>f an imp<span class=\"_ _0\"></span>airment<span class=\"_ _2b\"></span>, the depreciat<span class=\"_ _0\"></span>ion for f<span class=\"_ _2b\"></span>uture</div>\n<div class=\"t m0 x1a h4f yc24 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">periods i<span class=\"_ _2\"></span>s adjusted based on <span class=\"_ _2\"></span>the revised carryi<span class=\"_ _2\"></span>ng amount less <span class=\"_ _2\"></span>its</div>\n<div class=\"t m0 x1a h4f yc25 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value ov<span class=\"_ _0\"></span>er the assets<span class=\"_ _0\"></span> remaini<span class=\"_ _0\"></span>ng useful lif<span class=\"_ _0\"></span>e. For pro<span class=\"_ _0\"></span>perty, the</div>\n<div class=\"t m0 x1a h4f yc34 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>eac<span class=\"_ _2b\"></span>h significant part<span class=\"_ _0\"></span> is determ<span class=\"_ _0\"></span>ined sep<span class=\"_ _0\"></span>arately an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>revi<span class=\"_ _2b\"></span>ewed</div>\n<div class=\"t m0 x1a h4f yc35 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at year<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">end.</span> </span></div>\n<div class=\"t m0 x1a h4f yc36 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc37 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If in a subseq<span class=\"_ _0\"></span>uent p<span class=\"lse2 ws103\">eriod, the amount of the impa<span class=\"_ _2\"></span>irment on non<span class=\"ls0 ws0\">-</span></span><span class=\"wsef\">financial </span></div>\n<div class=\"t m0 x1a h4f yc75 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets ot<span class=\"_ _0\"></span>her than goo<span class=\"_ _0\"></span>dwill dec<span class=\"_ _2b\"></span>reases, due to an eve<span class=\"_ _0\"></span>nt occurr<span class=\"_ _0\"></span>ing after</div>\n<div class=\"t m0 x1a h4f yc76 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the writ<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">down, the pre<span class=\"_ _2\"></span>viously recorded impairment lo<span class=\"_ _2\"></span>ss is reversed in </span></span></div>\n<div class=\"t m0 x1a h4f yc77 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">That i<span class=\"_ _2b\"></span>ncreased amount<span class=\"_ _0\"></span> cannot ex<span class=\"_ _0\"></span>ceed the </span></div>\n<div class=\"t m0 x1a h4f yc78 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>at <span class=\"_ _2\"></span>wo<span class=\"_ _0\"></span>uld have be<span class=\"_ _0\"></span>en determ<span class=\"_ _2b\"></span>ined, net of depreci<span class=\"_ _0\"></span>ation,</div>\n<div class=\"t m0 x1a h4f yc79 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">had no impairmen<span class=\"_ _2\"></span>t loss been recognised for<span class=\"_ _2\"></span> the asset in prior years.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 425px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 126px; width: 348px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 430px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 131px; width: 348px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 435px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 136px; width: 348px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 424px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 850px; width: 354px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 ybf9 ffc7 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Borrowing cos<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfa ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Borrowing <span class=\"_ _2\"></span>costs are generall<span class=\"_ _2\"></span>y expensed as incurre<span class=\"_ _2\"></span>d. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfb ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Borrow<span class=\"_ _0\"></span>ing cost<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e direct<span class=\"_ _0\"></span>ly attr<span class=\"_ _0\"></span>ibutabl<span class=\"_ _0\"></span>e to the<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f ybfd ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ction of an as<span class=\"_ _0\"></span>set are ca<span class=\"_ _0\"></span>pitalis<span class=\"_ _0\"></span>ed while the as<span class=\"_ _0\"></span>set is bei<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f ybfe ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>cted, as p<span class=\"_ _0\"></span>art of the cost<span class=\"_ _0\"></span> of that asset.<span class=\"_ _0\"></span> Capita<span class=\"_ _0\"></span>lisation of<span class=\"_ _0\"></span> borrow<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f ybff ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">costs sho<span class=\"_ _0\"></span>uld commen<span class=\"_ _2b\"></span>ce when: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc00 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 ws103\">E<span class=\"_ _2\"></span>xpenditures for the asset and<span class=\"_ _2\"></span> borrowing costs are being <span class=\"wsf1\">i<span class=\"_ _2\"></span>ncurred</span></span><span class=\"ffc5\">; </span></span></div>\n<div class=\"t m0 x6c h4f yc01 ffc5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc02 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">Activities ne<span class=\"_ _0\"></span>cessar<span class=\"_ _0\"></span>y to prep<span class=\"_ _0\"></span>are the a<span class=\"_ _2b\"></span>sset for its i<span class=\"_ _0\"></span>ntended <span class=\"_ _0\"></span>use or sa<span class=\"_ _0\"></span>le </span></span></div>\n<div class=\"t m0 x6c h4f yc03 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are in pro<span class=\"_ _2\"></span>gress. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc04 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc05 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Capital<span class=\"_ _0\"></span>isation <span class=\"_ _2b\"></span>of borrowing c<span class=\"_ _2b\"></span>osts ceases wh<span class=\"_ _2b\"></span>en the asset is s<span class=\"_ _2b\"></span>ubstantially</div>\n<div class=\"t m0 x1a h4f yc06 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ready f<span class=\"_ _0\"></span>or its int<span class=\"_ _0\"></span>ended us<span class=\"_ _2b\"></span>e or sale. If a<span class=\"_ _0\"></span>ctive dev<span class=\"_ _2b\"></span>elopment is i<span class=\"_ _0\"></span>nterru<span class=\"_ _0\"></span>pted for</div>\n<div class=\"t m0 x1a h4f yc07 ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">an<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">extended period<span class=\"_ _2\"></span>, capitalisation is suspended<span class=\"_ _2\"></span>. Where construction </span></span></div>\n<div class=\"t m0 x1a h4f yc08 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occurs pi<span class=\"_ _0\"></span>ecemeal,<span class=\"_ _0\"></span> and use of eac<span class=\"_ _0\"></span>h part is poss<span class=\"_ _2b\"></span>ible as construct<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f yc09 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ues, cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ation for <span class=\"_ _2b\"></span>each part ceas<span class=\"_ _2b\"></span>es upon substant<span class=\"_ _2b\"></span>ial</div>\n<div class=\"t m0 x1a h4f yc0a ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complet<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>hat part.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc0b ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc0c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For a borrowing asso<span class=\"_ _2\"></span>ciated with a specific ass<span class=\"_ _2\"></span>et, the actual rate on that<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc0d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ing is appli<span class=\"_ _0\"></span>ed. Othe<span class=\"_ _0\"></span>rwise, a wei<span class=\"_ _0\"></span>ghted av<span class=\"_ _0\"></span>erage cost<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of bor<span class=\"_ _0\"></span>rowings</div>\n<div class=\"t m0 x1a h4f yc0e ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is applied<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 340px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 345px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 251px; height: 855px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 251px; height: 855px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For qualif<span class=\"_ _0\"></span>ying ass<span class=\"_ _0\"></span>ets comme<span class=\"_ _0\"></span>ncing on or b<span class=\"_ _0\"></span>efore 1 Jan<span class=\"_ _0\"></span>uary 200<span class=\"_ _0\"></span>8,</div>\n<div class=\"t m0 x7 h4f y803 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowing <span class=\"_ _2\"></span>costs that were di<span class=\"_ _2\"></span>rectly<span class=\"ls0 ws0\"> </span><span class=\"lse0\">attribut<span class=\"_ _2b\"></span>able to the ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on, </span></div>\n<div class=\"t m0 x7 h4f y804 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ction or pr<span class=\"_ _0\"></span>oductio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>of a qua<span class=\"_ _0\"></span>lifyin<span class=\"_ _0\"></span>g asset (i.e.<span class=\"_ _0\"></span> an asset th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y805 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">necess<span class=\"_ _0\"></span>arily took a s<span class=\"_ _0\"></span>ubstant<span class=\"_ _0\"></span>ial peri<span class=\"_ _0\"></span>od of time to get re<span class=\"_ _0\"></span>ady for its<span class=\"_ _0\"></span> intended</div>\n<div class=\"t m0 x7 h4f y806 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">use or <span class=\"_ _2\"></span>sale) were expensed<span class=\"_ _2\"></span> as incurred.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 73px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 78px; width: 349px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yc7b ffca fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.6<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Goodw<span class=\"_ _2\"></span>ill and</span> <span class=\"lse0 wsf0\">other intangi<span class=\"_ _2b\"></span>ble a<span class=\"lsfb wsfa\">sse<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 x7 h55 yc7c ffcc fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7d ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>et is an ident<span class=\"_ _0\"></span>ifiable n<span class=\"_ _2b\"></span>on<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">mon<span class=\"_ _0\"></span>etary as<span class=\"_ _0\"></span>set and <span class=\"_ _0\"></span>is </span></div>\n<div class=\"t m0 x7 h4f yc7e ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span>f, and only if<span class=\"_ _2\"></span>, it will genera<span class=\"_ _2\"></span>te future economic <span class=\"_ _2\"></span>benefits and if</div>\n<div class=\"t m0 x7 h4f yc7f ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the cost of the<span class=\"_ _2\"></span> asset can be measured reliab<span class=\"_ _2\"></span>ly.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc80 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc81 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s are recorde<span class=\"_ _0\"></span>d on the <span class=\"_ _0\"></span>sta<span class=\"wsf0\">teme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition at </span></div>\n<div class=\"t m0 x7 h4f yc82 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cost less an<span class=\"_ _0\"></span>y accumu<span class=\"_ _2b\"></span>lated amortisat<span class=\"_ _0\"></span>ion and any ac<span class=\"_ _2b\"></span>cumulated</div>\n<div class=\"t m0 x7 h4f yc83 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>ses. Th<span class=\"_ _0\"></span>e residu<span class=\"_ _0\"></span>al valu<span class=\"_ _2b\"></span>e and the usefu<span class=\"_ _0\"></span>l life of<span class=\"_ _0\"></span> intang<span class=\"_ _0\"></span>ible</div>\n<div class=\"t m0 x7 h4f yc84 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>re reviewed at e<span class=\"_ _0\"></span>ach year<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">end.</span> </span></div>\n<div class=\"t m0 x7 h4f yc85 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y887 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s with definit<span class=\"_ _0\"></span>e lives<span class=\"_ _0\"></span> are <span class=\"lse2 ws103\">amortised over their estim<span class=\"_ _2\"></span>ated </span></div>\n<div class=\"t m0 x7 h4f y888 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e using the straight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">line m<span class=\"_ _2b\"></span>ethod. Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _2b\"></span>ets with indef<span class=\"_ _0\"></span>inite </span></span></div>\n<div class=\"t m0 x7 h4f y889 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lives, suc<span class=\"_ _0\"></span>h as goodwi<span class=\"_ _2b\"></span>ll, are not amortis<span class=\"_ _0\"></span>ed, but are i<span class=\"_ _0\"></span>nstead test<span class=\"_ _0\"></span>ed for</div>\n<div class=\"t m0 x7 h4f y88a ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent at least<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ann<span class=\"_ _0\"></span>ually. Any<span class=\"_ _0\"></span> impairm<span class=\"_ _0\"></span>ent loss id<span class=\"_ _0\"></span>entifie<span class=\"_ _0\"></span>d is</div>\n<div class=\"t m0 x7 h4f y88b ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span><span class=\"lse0\">n th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h55 y9a5 ffcc fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Value of<span class=\"_ _2\"></span> business acquired (VO<span class=\"_ _2\"></span>BA)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9a6 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Value of <span class=\"_ _0\"></span>busines<span class=\"_ _2b\"></span>s acquired re<span class=\"_ _0\"></span>present<span class=\"_ _0\"></span>s the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _2b\"></span>n the fair</div>\n<div class=\"t m0 x7 h4f y9a7 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value at acq<span class=\"_ _0\"></span>uisiti<span class=\"_ _0\"></span>on date meas<span class=\"_ _0\"></span>ured usi<span class=\"_ _0\"></span>ng the <span class=\"lse2 wsf1\">Ageas's accoun<span class=\"_ _2\"></span>ting </span></div>\n<div class=\"t m0 x7 h4f y9a8 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span> and th<span class=\"_ _0\"></span>e subseq<span class=\"_ _0\"></span>uent c<span class=\"_ _0\"></span>arrying <span class=\"_ _0\"></span>value of a<span class=\"_ _0\"></span> portfo<span class=\"_ _0\"></span>lio of ins<span class=\"_ _2b\"></span><span class=\"wsef\">urance </span></div>\n<div class=\"t m0 x7 h4f y9a9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and inve<span class=\"_ _0\"></span>stment c<span class=\"_ _2b\"></span>ontracts acq<span class=\"_ _0\"></span>uired in <span class=\"_ _2b\"></span>a business or p<span class=\"_ _0\"></span>ortfol<span class=\"_ _0\"></span>io acqui<span class=\"_ _0\"></span>sition.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9aa ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9ab ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">VOBA is re<span class=\"_ _2\"></span>cognised as an i<span class=\"_ _2\"></span>ntangible asset and<span class=\"_ _2\"></span> is amortised ov<span class=\"_ _2\"></span>er the</div>\n<div class=\"t m0 x7 h4f y9ac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income rec<span class=\"_ _2b\"></span>ognition perio<span class=\"_ _0\"></span>d of the portf<span class=\"_ _2b\"></span>olio of contracts ac<span class=\"_ _2b\"></span>quired. Each</div>\n<div class=\"t m0 x7 h4f y9ad ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting date<span class=\"_ _2\"></span>, VOBA is part of the<span class=\"ls0 ws0\"> <span class=\"lse1 ws104\">liability adequacy test to assess </span></span></div>\n<div class=\"t m0 x7 h4f y9ae ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">whether t<span class=\"_ _0\"></span>he liabil<span class=\"_ _0\"></span>ities aris<span class=\"_ _0\"></span>ing from in<span class=\"_ _0\"></span>suranc<span class=\"_ _0\"></span>e and inves<span class=\"_ _0\"></span>tment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y9af ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are adequat<span class=\"_ _2\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yc86 ffcc fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Intern<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>ntangib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc87 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intern<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>ntangib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets are c<span class=\"_ _0\"></span>apitalis<span class=\"_ _2b\"></span>ed when Ageas c<span class=\"_ _2b\"></span>an</div>\n<div class=\"t m0 x7 h4f yc88 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rate all of<span class=\"_ _0\"></span> the fol<span class=\"ls102 ws11d\">lowing:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc89 ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">The technical f<span class=\"_ _2b\"></span>easibility of <span class=\"_ _2b\"></span>completing the<span class=\"_ _2b\"></span> intangible as<span class=\"_ _0\"></span>set so t<span class=\"_ _0\"></span>hat it </span></span></div>\n<div class=\"t m0 x43 h4f yc8a ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">will be availab<span class=\"_ _2\"></span>le for use or sale;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8b ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">Its intention t<span class=\"_ _2b\"></span>o complete the <span class=\"_ _0\"></span>intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span> and us<span class=\"_ _0\"></span>e or sel<span class=\"_ _0\"></span>l it;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yc8c ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsf0\">Its ability to use or sel<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e intangib<span class=\"_ _2b\"></span>le asset;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yc8d ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca ls104 ws136\">How the <span class=\"lse2 ws103\">intangible<span class=\"_ _2\"></span> asset will generate probable<span class=\"_ _2\"></span> future economic </span></span></span></div>\n<div class=\"t m0 x43 h4f yc8e ffca fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8f ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsf0\">The availabilit<span class=\"_ _0\"></span>y of adequat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>tec<span class=\"_ _2b\"></span>hnical, financ<span class=\"_ _2b\"></span>ial and other resour<span class=\"_ _0\"></span>ces </span></span></div>\n<div class=\"t m0 x43 h4f yc90 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to comp<span class=\"_ _0\"></span>lete th<span class=\"_ _0\"></span>e develo<span class=\"_ _0\"></span>pment an<span class=\"_ _0\"></span>d to use <span class=\"_ _2b\"></span>or sell the inta<span class=\"_ _2b\"></span>ngible asset<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x43 h4f yc91 ffca fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc92 ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse2 ws103\">It<span class=\"_ _2\"></span>s ability to measure relia<span class=\"_ _2\"></span>bly the expenditure</span><span class=\"ffca\"> <span class=\"lse0 wsfa\">attributable<span class=\"_ _0\"></span> to the </span></span></span></div>\n<div class=\"t m0 x43 h4f yc93 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset during its dev<span class=\"_ _2b\"></span>elopment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a4 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Only inta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>sets aris<span class=\"_ _2b\"></span>ing from develop<span class=\"_ _0\"></span>ment are ca<span class=\"_ _0\"></span>pitalis<span class=\"_ _0\"></span>ed. All</div>\n<div class=\"t m0 x1a h4f y8a5 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other internal<span class=\"_ _2\"></span>ly generated intangible ass<span class=\"_ _2\"></span>ets are not capitalised<span class=\"_ _2\"></span> and</div>\n<div class=\"t m0 x1a h4f y8a6 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expendit<span class=\"_ _2b\"></span>ure is reflec<span class=\"_ _0\"></span>ted in th<span class=\"_ _2b\"></span>e income statem<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he<span class=\"ls0 ws0\"> </span>year in w<span class=\"_ _2b\"></span>hich the</div>\n<div class=\"t m0 x1a h4f yc95 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">expenditure <span class=\"_ _2\"></span>is incurred.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y8a8 ffcc fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a9 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Software for compu<span class=\"_ _2\"></span>ter hardware that canno<span class=\"_ _2\"></span>t operate without that</div>\n<div class=\"t m0 x1a h4f y8aa ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">specific sof<span class=\"_ _2\"></span>tware, such as the operating s<span class=\"_ _2\"></span>ystem, is an integral part o<span class=\"_ _2\"></span>f the</div>\n<div class=\"t m0 x1a h4f y8ab ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related h<span class=\"_ _0\"></span>ardwar<span class=\"_ _0\"></span>e and is treate<span class=\"_ _2b\"></span>d as property, plant an<span class=\"_ _2b\"></span>d equipmen<span class=\"lsf4 ws0\">t. If the </span></div>\n<div class=\"t m0 x1a h4f y8ac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">softwa<span class=\"_ _0\"></span>re is not an inte<span class=\"_ _0\"></span>gral part of<span class=\"_ _0\"></span> the relat<span class=\"_ _0\"></span>ed hardwar<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>the c<span class=\"_ _0\"></span>osts</div>\n<div class=\"t m0 x1a h4f y8ad ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d during th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>deve<span class=\"_ _2b\"></span>lopment phase,<span class=\"_ _0\"></span> for which A<span class=\"_ _0\"></span>geas can</div>\n<div class=\"t m0 x1a h4f y8ae ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rate all of<span class=\"_ _0\"></span> the above<span class=\"ls0 ws0\">-</span>ment<span class=\"_ _2b\"></span>ioned criteria,<span class=\"_ _0\"></span> are capit<span class=\"_ _0\"></span>alised as an</div>\n<div class=\"t m0 x1a h4f y8af ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset and are amort<span class=\"_ _0\"></span>ised over t<span class=\"_ _0\"></span>heir est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>eful life usi<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y8b0 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the straight<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">line m<span class=\"_ _0\"></span>ethod. In g<span class=\"_ _2b\"></span>eneral, such softw<span class=\"_ _0\"></span>are is amort<span class=\"_ _0\"></span>ised ove<span class=\"_ _0\"></span>r a </span></span></div>\n<div class=\"t m0 x1a h4f y8b1 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">maximum of <span class=\"_ _2\"></span>5 years.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yc96 ffcc fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc97 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es, such as parkin<span class=\"_ _0\"></span>g concess<span class=\"_ _0\"></span>ions,</div>\n<div class=\"t m0 x1a h4f yc98 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">trademarks an<span class=\"_ _2\"></span>d licenses,<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">are generall<span class=\"_ _0\"></span>y amortise<span class=\"_ _0\"></span>d over thei<span class=\"_ _0\"></span>r estimat<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x1a h4f yc99 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful liv<span class=\"_ _2b\"></span>es using the straight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">line <span class=\"_ _0\"></span>method.<span class=\"_ _0\"></span> Intang<span class=\"_ _2b\"></span>ible assets wit<span class=\"_ _2b\"></span>h finite </span></span></div>\n<div class=\"t m0 x1a h4f yc9a ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lives are r<span class=\"_ _0\"></span>eviewed f<span class=\"_ _0\"></span>or indicat<span class=\"_ _2b\"></span>ors of impairment at<span class=\"_ _0\"></span> each report<span class=\"_ _0\"></span>ing date.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc9b ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc9c ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Car park co<span class=\"_ _0\"></span>ncessi<span class=\"_ _0\"></span>ons are reco<span class=\"_ _0\"></span>gnised<span class=\"_ _0\"></span> as intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span>s when <span class=\"lse2 wsf1\">Ageas </span></div>\n<div class=\"t m0 x1a h4f y8b9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has the ri<span class=\"_ _2b\"></span>ght to charge f<span class=\"_ _0\"></span>or the us<span class=\"_ _2b\"></span>age of the conc<span class=\"_ _0\"></span>ession i<span class=\"_ _2b\"></span>nfrastructure.<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x1a h4f y8ba ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _0\"></span>et receiv<span class=\"_ _2b\"></span>ed is measured at fair val<span class=\"_ _2b\"></span>ue at initial</div>\n<div class=\"t m0 x1a h4f y8bb ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>, as consideration <span class=\"_ _2\"></span>for providing cons<span class=\"_ _2\"></span>truction or upgrade<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc9d ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s in a serv<span class=\"_ _2b\"></span>ice concessi<span class=\"_ _0\"></span>on arran<span class=\"_ _0\"></span>gement.<span class=\"_ _0\"></span> The ap<span class=\"_ _0\"></span>plicabl<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yc9e ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is determ<span class=\"_ _0\"></span>ined by ref<span class=\"_ _0\"></span>erence to th<span class=\"_ _0\"></span>e fair value of<span class=\"_ _0\"></span> the const<span class=\"_ _0\"></span>ruction or</div>\n<div class=\"t m0 x1a h4f yc9f ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">upgrade servic<span class=\"_ _2\"></span>es provided. Subsequent to in<span class=\"_ _2\"></span>itial recognition, the car<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yca0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">park conc<span class=\"_ _0\"></span>essions<span class=\"_ _0\"></span> are measu<span class=\"_ _0\"></span>red at cost les<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>any ac<span class=\"_ _2b\"></span>cumulated</div>\n<div class=\"t m0 x1a h4f yca1 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ation and a<span class=\"_ _0\"></span>ny accumu<span class=\"_ _2b\"></span>lated impairme<span class=\"_ _0\"></span>nt losses. T<span class=\"_ _2b\"></span>he estimated</div>\n<div class=\"t m0 x1a h4f yca2 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>an int<span class=\"_ _2b\"></span>angible asset in a se<span class=\"_ _0\"></span>rvice conc<span class=\"_ _2b\"></span>ession arrange<span class=\"_ _0\"></span>ment is</div>\n<div class=\"t m0 x1a h4f yca3 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the peri<span class=\"_ _0\"></span>od that st<span class=\"_ _2b\"></span>arts at the ti<span class=\"_ _2b\"></span>me Ageas is ab<span class=\"_ _0\"></span>le to cha<span class=\"_ _0\"></span>rge for t<span class=\"_ _0\"></span>he use of</div>\n<div class=\"t m0 x1a h4f yca4 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the conces<span class=\"_ _2b\"></span>sion infrastru<span class=\"_ _0\"></span>cture unt<span class=\"_ _2b\"></span>il <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e end of the conc<span class=\"_ _2b\"></span>ession period. T<span class=\"_ _0\"></span>h<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f yca5 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent princ<span class=\"_ _0\"></span>iples app<span class=\"_ _0\"></span>lied to car p<span class=\"_ _0\"></span>ark conce<span class=\"_ _0\"></span>ssions ar<span class=\"_ _0\"></span>e the same as</div>\n<div class=\"t m0 x1a h4f yca6 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">those applicable<span class=\"_ _2\"></span> to investment properties<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 536px; height: 304px; width: 354px; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 536px; height: 561px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 656px; width: 354px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yca7 ffca fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yca8 ffcc fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Goodwill from<span class=\"_ _2\"></span> business combinations from<span class=\"_ _2\"></span> 1 January 2010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yca9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">At initi<span class=\"_ _0\"></span>al reco<span class=\"_ _0\"></span>gnition,<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill is me<span class=\"_ _2b\"></span>asured at cost,<span class=\"_ _0\"></span> being t<span class=\"_ _0\"></span>he exces<span class=\"_ _0\"></span>s of</div>\n<div class=\"t m0 x1a h4f ycaa ffca fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">th<span class=\"lse2 ws103\">e fair value<span class=\"_ _2\"></span> of the consideration transferred<span class=\"_ _2\"></span> over: <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ycab ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas's <span class=\"ws103\">share in the ne<span class=\"_ _2\"></span>t identifiable assets acquired<span class=\"_ _2\"></span> and liabilities </span></span></span></div>\n<div class=\"t m0 x6c h4f ycac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assume<span class=\"_ _0\"></span>d; and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycad ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">Net of the fai<span class=\"_ _0\"></span>r value o<span class=\"_ _0\"></span>f any pre<span class=\"_ _2b\"></span>viously held e<span class=\"_ _0\"></span>quity i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> in the </span></span></div>\n<div class=\"t m0 x6c h4f ycae ffca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>e. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycaf ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">After init<span class=\"_ _2b\"></span>ial recognition,<span class=\"_ _0\"></span> goodwi<span class=\"_ _0\"></span>ll is measur<span class=\"_ _0\"></span>ed at cost les<span class=\"_ _0\"></span>s any</div>\n<div class=\"t m0 x1a h4f ycb1 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">accumu<span class=\"_ _0\"></span>lated im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt losses<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 178px; width: 354px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 183px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 692px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yc94 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ffd1 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll from b<span class=\"_ _0\"></span>usiness c<span class=\"_ _2b\"></span>ombinations pr<span class=\"_ _2b\"></span>ior to <span class=\"lse2\">1 January<span class=\"_ _2\"></span> 2010<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">In comparison wi<span class=\"_ _2\"></span>th the above<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">mentioned<span class=\"_ _2\"></span> requirements, th<span class=\"_ _2\"></span>e following </span></div>\n<div class=\"t m0 x7 h4f y804 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nces apply<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> were acco<span class=\"_ _2b\"></span>unted for using the pu<span class=\"_ _0\"></span>rchase </span></span></div>\n<div class=\"t m0 x43 h4f y806 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">method.<span class=\"_ _0\"></span> Transac<span class=\"_ _0\"></span>tion co<span class=\"_ _2b\"></span>sts directly at<span class=\"_ _2b\"></span>tributable to t<span class=\"_ _0\"></span>he acqu<span class=\"_ _0\"></span>isitio<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x43 h4f y807 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">formed pa<span class=\"_ _2b\"></span>rt <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e acquisit<span class=\"_ _0\"></span>ion costs<span class=\"_ _0\"></span>. The non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">controlling interest </span></span></div>\n<div class=\"t m0 x43 h4f y808 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(formerly known<span class=\"_ _2\"></span> as minority interest) wa<span class=\"_ _2\"></span>s measured at the</div>\n<div class=\"t m0 x43 h4f y809 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ionate s<span class=\"_ _2b\"></span>hare of the ac<span class=\"_ _0\"></span>quiree\u2019s<span class=\"_ _0\"></span> identif<span class=\"_ _2b\"></span>iable net asset<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> achieve<span class=\"_ _0\"></span>d in stages w<span class=\"_ _0\"></span>ere account<span class=\"_ _2b\"></span>ed for as </span></span></div>\n<div class=\"t m0 x43 h4f y80b ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separate steps.<span class=\"_ _2\"></span> Any additional ac<span class=\"lse0 wsf0\">quired shar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>of int<span class=\"_ _0\"></span>erest did n<span class=\"_ _0\"></span>ot </span></div>\n<div class=\"t m0 x43 h4f y80c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">affect pre<span class=\"_ _2\"></span>viously recognised good<span class=\"_ _2\"></span>will.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80d ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsfa\">A contingent c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>ration w<span class=\"_ _2b\"></span>as recognised i<span class=\"_ _2b\"></span>f, and only if<span class=\"_ _0\"></span>, Ageas </span></span></div>\n<div class=\"t m0 x43 h4f y80e ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">had a prese<span class=\"_ _0\"></span>nt obligat<span class=\"_ _0\"></span>ion, eco<span class=\"_ _0\"></span>nomic ou<span class=\"_ _0\"></span>tflow was m<span class=\"_ _0\"></span>ore likely<span class=\"_ _0\"></span> than not</div>\n<div class=\"t m0 x43 h4f y80f ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and a relia<span class=\"_ _0\"></span>ble estim<span class=\"_ _0\"></span>ate was <span class=\"lse2 wsfa\">determinable. Subseq<span class=\"_ _2\"></span>uent adjustments </span></div>\n<div class=\"t m0 x43 h4f y810 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to the cont<span class=\"_ _0\"></span>ingent con<span class=\"_ _2b\"></span>sideration aff<span class=\"_ _0\"></span>ected go<span class=\"_ _0\"></span>odwill.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 y886 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll is an inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _2b\"></span>et <span class=\"_ _2\"></span>wit<span class=\"_ _2b\"></span>h an indefinite lif<span class=\"_ _0\"></span>e and, like al<span class=\"_ _0\"></span>l other</div>\n<div class=\"t m0 x7 h4f y8d0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e lives, the ca<span class=\"_ _0\"></span>rrying val<span class=\"_ _2b\"></span>ue of those</div>\n<div class=\"t m0 x7 h4f y8d1 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e life is assess<span class=\"_ _2b\"></span>ed annually, or mor<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y8d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">frequent<span class=\"_ _2b\"></span>ly, if events o<span class=\"_ _2b\"></span>r changes in ci<span class=\"_ _0\"></span>rcumst<span class=\"_ _2b\"></span>ances indicat<span class=\"_ _0\"></span>e that suc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x7 h4f y8d3 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> value may not b<span class=\"_ _2b\"></span>e recoverabl<span class=\"_ _0\"></span>e. If suc<span class=\"_ _0\"></span>h indicat<span class=\"_ _2b\"></span>ion exists, t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yb28 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt is determined for the c<span class=\"_ _2\"></span>ash<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">ge<span class=\"lse0 wsfa\">nerati<span class=\"_ _0\"></span>ng unit t<span class=\"_ _2b\"></span>o which </span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">goodwil<span class=\"_ _0\"></span>l belongs.<span class=\"_ _0\"></span> This amount<span class=\"_ _0\"></span> is then com<span class=\"_ _2b\"></span>pared to the carryi<span class=\"_ _0\"></span>ng amount</div>\n<div class=\"t m0 x7 h4f yb2a ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the cash<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generati<span class=\"_ _2\"></span>ng unit and an<span class=\"_ _2\"></span> impairment loss i<span class=\"_ _2\"></span>s recognised if <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recover<span class=\"_ _2b\"></span>able amount is l<span class=\"_ _0\"></span>ess tha<span class=\"_ _2b\"></span>n the carrying <span class=\"_ _0\"></span>amount.<span class=\"_ _0\"></span> Impairm<span class=\"_ _2b\"></span>ent losses</div>\n<div class=\"t m0 x7 h4f yb2c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are recogn<span class=\"_ _2\"></span>ised immed<span class=\"ws103\">iately in the inc<span class=\"_ _2\"></span>ome statement.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yb2d ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y962 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the event<span class=\"_ _0\"></span> of an impair<span class=\"_ _2b\"></span>ment loss, Ageas fi<span class=\"_ _0\"></span>rst reduc<span class=\"_ _0\"></span>es the carry<span class=\"_ _2b\"></span>ing</div>\n<div class=\"t m0 x7 h4f y963 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill all<span class=\"_ _0\"></span>ocated t<span class=\"_ _0\"></span>o the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span><span class=\"lse2\">generating<span class=\"_ _2\"></span> unit and then<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y964 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reduces t<span class=\"_ _0\"></span>he other ass<span class=\"_ _0\"></span>ets in the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generating un<span class=\"_ _2\"></span>it pro</span>-</span>rata on the</div>\n<div class=\"t m0 x7 h4f y965 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">basis of t<span class=\"_ _2b\"></span>he carrying a<span class=\"_ _0\"></span>mount of<span class=\"_ _0\"></span> each as<span class=\"_ _0\"></span>set in t<span class=\"_ _2b\"></span>he cash generat<span class=\"_ _0\"></span>ing un<span class=\"_ _0\"></span>it.</div>\n<div class=\"t m0 x7 h4f y966 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Previou<span class=\"_ _0\"></span>sly reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _2b\"></span>pairment losses r<span class=\"_ _0\"></span>elating t<span class=\"_ _0\"></span>o goodwil<span class=\"_ _0\"></span>l are not</div>\n<div class=\"t m0 x7 h4f y967 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reversed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 268px; width: 349px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 525px; width: 349px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 530px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 535px; width: 349px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y898 ffcf fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.7 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Lea<span class=\"_ _2\"></span>sed</span> <span class=\"lse0 wsef\">assets<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 y9b2 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas as a<span class=\"_ _2\"></span> lessor<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9b3 ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Assets leas<span class=\"_ _2\"></span>ed under an oper<span class=\"_ _2\"></span>ating lease are rec<span class=\"_ _2\"></span>orded on <span class=\"wsf1\">the<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y9b4 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of financial po<span class=\"_ _2\"></span>sition under \u2018investment prope<span class=\"_ _2\"></span>rty\u2019 (buildings) and</div>\n<div class=\"t m0 x7 h4f y9b5 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">\u2018prope<span class=\"_ _0\"></span>rty, plant<span class=\"_ _0\"></span> and equipme<span class=\"_ _2b\"></span>nt\u2019 (equipment an<span class=\"_ _0\"></span>d motor veh<span class=\"_ _0\"></span>icles). T<span class=\"_ _2b\"></span>hose</div>\n<div class=\"t m0 x7 h4f y9b6 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>re recorded at<span class=\"_ _0\"></span> cost less<span class=\"_ _2b\"></span> accumulated <span class=\"_ _0\"></span>depreci<span class=\"_ _0\"></span>ation.<span class=\"_ _0\"></span> Rental</div>\n<div class=\"t m0 x7 h4f y9b7 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income,<span class=\"_ _0\"></span> net of any inc<span class=\"_ _0\"></span>entives<span class=\"_ _0\"></span> given to less<span class=\"lse2 wsfa\">ees, is recognised on a<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9b8 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">straight<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">lin<span class=\"_ _0\"></span>e basis ov<span class=\"_ _2b\"></span>er the lease t<span class=\"_ _0\"></span>erm. Init<span class=\"_ _0\"></span>ial dire<span class=\"_ _2b\"></span>ct costs incur<span class=\"_ _2b\"></span>red by </span></span></div>\n<div class=\"t m0 x7 h4f y9b9 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas a<span class=\"_ _0\"></span>re added t<span class=\"_ _2b\"></span>o the carryin<span class=\"_ _0\"></span>g amount<span class=\"_ _0\"></span> of the l<span class=\"_ _0\"></span>eased a<span class=\"_ _0\"></span>sset and a<span class=\"_ _2b\"></span>re</div>\n<div class=\"t m0 x7 h4f y9ba ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as an<span class=\"_ _2b\"></span> expense over t<span class=\"_ _2b\"></span>he lease term o<span class=\"_ _0\"></span>n the sa<span class=\"_ _2b\"></span>me basis as the</div>\n<div class=\"t m0 x7 h4f y9bb ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rental inc<span class=\"_ _2b\"></span>ome.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d4 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d5 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">also entere<span class=\"_ _0\"></span>d into fi<span class=\"_ _0\"></span>nance l<span class=\"_ _0\"></span>ease tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _2b\"></span>ns, in which </span></span></div>\n<div class=\"t m0 x7 h4f y8d6 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">substant<span class=\"_ _2b\"></span>ially all the risks an<span class=\"_ _0\"></span>d rewards re<span class=\"_ _0\"></span>lated to ow<span class=\"_ _0\"></span>nershi<span class=\"_ _2b\"></span>p <span class=\"_ _2\"></span>of the le<span class=\"_ _2b\"></span>ased</div>\n<div class=\"t m0 x7 h4f y8d7 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets, <span class=\"_ _0\"></span>other t<span class=\"_ _0\"></span>han the l<span class=\"_ _0\"></span>egal tit<span class=\"_ _0\"></span>le, are t<span class=\"_ _2b\"></span>ransferred t<span class=\"_ _0\"></span>o the <span class=\"lse2 wsf1\">lessee<span class=\"lsf4 ws114\">. Assets </span></span></div>\n<div class=\"t m0 x1a h4f y8d8 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">leased u<span class=\"_ _0\"></span>nder a f<span class=\"_ _0\"></span>inance l<span class=\"_ _0\"></span>ease ar<span class=\"_ _0\"></span>e present<span class=\"_ _2b\"></span>ed as a rec<span class=\"wsf0\">eiv<span class=\"_ _0\"></span>able at an </span></div>\n<div class=\"t m0 x1a h4f y8d9 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount e<span class=\"_ _2b\"></span>qual to the net <span class=\"_ _2b\"></span>investment in<span class=\"_ _0\"></span> the leas<span class=\"_ _0\"></span>e. The n<span class=\"_ _0\"></span>et invest<span class=\"_ _2b\"></span>ment in</div>\n<div class=\"t m0 x1a h4f y9bc ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the leas<span class=\"_ _0\"></span>e compr<span class=\"_ _0\"></span>ises th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>e of the l<span class=\"_ _2b\"></span>ease payments<span class=\"_ _0\"></span> and any<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y9bd ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value <span class=\"_ _0\"></span>guarant<span class=\"_ _0\"></span>ee. Th<span class=\"_ _0\"></span>e differe<span class=\"_ _2b\"></span>nce between th<span class=\"_ _2b\"></span>e asset and th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y9be ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value of<span class=\"_ _0\"></span> the rec<span class=\"_ _0\"></span>eivabl<span class=\"_ _0\"></span>e is r<span class=\"wsf0\">ecog<span class=\"_ _2b\"></span>nised as unearned f<span class=\"_ _0\"></span>inance </span></div>\n<div class=\"t m0 x1a h4f y9bf ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">income. Finance<span class=\"_ _2\"></span> income is recognised over<span class=\"_ _2\"></span> the term of the lease based</div>\n<div class=\"t m0 x1a h4f y9c0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on a patter<span class=\"_ _0\"></span>n reflect<span class=\"_ _0\"></span>ing a consta<span class=\"_ _0\"></span>nt period<span class=\"_ _2b\"></span>ic rate of return on th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y9c1 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding net <span class=\"_ _0\"></span>invest<span class=\"_ _2b\"></span>ment in the fin<span class=\"_ _0\"></span>ance le<span class=\"_ _0\"></span>ase. Init<span class=\"_ _2b\"></span>ial direct cost<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f y97e ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d by Ageas ar<span class=\"lse2 wsfa\">e included in the i<span class=\"_ _2\"></span>nitial measurement o<span class=\"_ _2\"></span>f the net </span></div>\n<div class=\"t m0 x1a h4f y97f ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent in the lease and redu<span class=\"_ _2b\"></span>ce the amount of inc<span class=\"_ _0\"></span>ome recog<span class=\"_ _0\"></span>nised</div>\n<div class=\"t m0 x1a h4f y980 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">over th<span class=\"_ _0\"></span>e lease t<span class=\"_ _0\"></span>erm.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 ycb4 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas as a<span class=\"_ _2\"></span> lessee<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycb5 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas l<span class=\"_ _0\"></span>eases lan<span class=\"_ _2b\"></span>d, buildings, e<span class=\"_ _2b\"></span>quipment an<span class=\"_ _0\"></span>d motor ve<span class=\"_ _2b\"></span>hicles. The l<span class=\"_ _0\"></span>ease</div>\n<div class=\"t m0 x1a h4f ycb6 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">terms are n<span class=\"_ _0\"></span>egotiat<span class=\"_ _2b\"></span>ed on an individual<span class=\"_ _0\"></span> basis and cont<span class=\"_ _0\"></span>ain a wide ran<span class=\"_ _0\"></span>ge of</div>\n<div class=\"t m0 x1a h4f ycb7 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">different term<span class=\"_ _2\"></span>s and conditions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y985 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y986 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A <span class=\"lse2 ws103\">si<span class=\"_ _2\"></span>ngle measurement model applie<span class=\"_ _2\"></span>s to assets leased under bot<span class=\"_ _2\"></span>h </span></div>\n<div class=\"t m0 x1a h4f y987 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operating and f<span class=\"_ _2\"></span>inance lease transactions, re<span class=\"_ _2\"></span>sulting in the recognition of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y988 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a right<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">use asset and a leas<span class=\"_ _2b\"></span>e liability.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y989 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y98a ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liability com<span class=\"_ _0\"></span>prises t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _2b\"></span>e of followin<span class=\"_ _0\"></span>g lease</div>\n<div class=\"t m0 x1a h4f y98b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s that a<span class=\"_ _0\"></span>re not p<span class=\"_ _0\"></span>aid at t<span class=\"_ _0\"></span>he comme<span class=\"_ _0\"></span>ncement<span class=\"_ _0\"></span> date, <span class=\"_ _0\"></span>includi<span class=\"_ _0\"></span>ng leas<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y98c ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s to be made u<span class=\"_ _0\"></span>nder reaso<span class=\"_ _2b\"></span>nably certain exte<span class=\"_ _2b\"></span>nsion options:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98d ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 ws103\">F<span class=\"_ _2\"></span>ixed payments (including in</span><span class=\"ffcf\">-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">substance fixed pa<span class=\"_ _2\"></span>yments) <span class=\"ws103\">less any </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y98e ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease incentiv<span class=\"_ _2\"></span>es receivable;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98f ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 wsfa\">Va<span class=\"_ _2\"></span>riable lease paym<span class=\"_ _2\"></span>ents that depend <span class=\"_ _2\"></span>on an index or<span class=\"_ _2\"></span> a rate, initiall<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x6c h4f y990 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d using th<span class=\"_ _0\"></span>e index or rate as<span class=\"_ _0\"></span> at the comm<span class=\"_ _0\"></span>encement<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>dat<span class=\"_ _0\"></span>e;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y991 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Amounts expect<span class=\"_ _0\"></span>ed to be payab<span class=\"_ _2b\"></span>le by Ageas under res<span class=\"_ _0\"></span>idual va<span class=\"_ _0\"></span>lue </span></span></div>\n<div class=\"t m0 x6c h4f y992 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">guarantees;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y993 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">The exercise p<span class=\"lse2 wsfa\">rice of a purchas<span class=\"_ _2\"></span>e option if Ageas<span class=\"_ _2\"></span> is reasonably </span></span></span></div>\n<div class=\"t m0 x6c h4f y994 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n to exercis<span class=\"_ _0\"></span>e that opt<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f y995 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 ws103\">Pa<span class=\"_ _2\"></span>yments of penalties for<span class=\"_ _2\"></span> terminating the lease, if the<span class=\"_ _2\"></span> lease term </span></span></div>\n<div class=\"t m0 x6c h4f y996 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflects<span class=\"_ _0\"></span> Ageas exe<span class=\"_ _0\"></span>rcisin<span class=\"_ _0\"></span>g that optio<span class=\"_ _0\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y997 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c8 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liability is<span class=\"_ _0\"></span> discount<span class=\"_ _2b\"></span>ed applying th<span class=\"_ _0\"></span>e intere<span class=\"_ _2b\"></span>st rate implic<span class=\"_ _0\"></span>it in the<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y9c9 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease. If that ra<span class=\"_ _2\"></span>te cannot be readily determi<span class=\"_ _2\"></span>ned, <span class=\"wsf1\">Ageas's <span class=\"lse0 wsef\">increment<span class=\"_ _0\"></span>al </span></span></div>\n<div class=\"t m0 x1a h4f y9ca ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowing r<span class=\"_ _2\"></span>ate is applied. A<span class=\"_ _2\"></span>s incremental borro<span class=\"_ _2\"></span>wing rate, Ageas<span class=\"_ _2\"></span> applies</div>\n<div class=\"t m0 x1a h4f y9cb ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a globa<span class=\"_ _0\"></span>l availa<span class=\"_ _0\"></span>ble comp<span class=\"_ _0\"></span>osite cu<span class=\"_ _0\"></span>rve, whic<span class=\"_ _2b\"></span>h is based on a <span class=\"_ _0\"></span>sample of</div>\n<div class=\"t m0 x1a h4f y9cc ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">existing secondar<span class=\"_ _2\"></span>y bonds from fina<span class=\"lse0 wsf0\">ncial issu<span class=\"_ _0\"></span>ers in the A rang<span class=\"_ _2b\"></span>e, </span></div>\n<div class=\"t m0 x1a h4f y9cd ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed by a risk premium. F<span class=\"_ _0\"></span>or car parks<span class=\"_ _0\"></span>, a risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">free rate equal to the<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f y9ce ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate swap f<span class=\"_ _0\"></span>or a similar du<span class=\"_ _0\"></span>ration,<span class=\"_ _0\"></span> increase<span class=\"_ _2b\"></span>d by a risk premium, is</div>\n<div class=\"t m0 x1a h4f y9cf ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">applied. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9d0 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d1 ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The carryin<span class=\"_ _2\"></span>g amount of the<span class=\"_ _2\"></span> lease liability s<span class=\"_ _2\"></span>ubsequently increases<span class=\"_ _2\"></span> <span class=\"lsf4 ws10c\">to </span></div>\n<div class=\"t m0 x1a h4f y9d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reflect i<span class=\"_ _2b\"></span>nterest on the <span class=\"_ _0\"></span>lease l<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> and red<span class=\"_ _2b\"></span>uces to reflect<span class=\"_ _2b\"></span> the lease</div>\n<div class=\"t m0 x1a h4f y9d3 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s made. The l<span class=\"_ _0\"></span>ease liabi<span class=\"_ _2b\"></span>lity is remeasur<span class=\"_ _0\"></span>ed in order to r<span class=\"_ _2b\"></span>eflect</div>\n<div class=\"t m0 x1a h4f y9d4 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease mod<span class=\"_ _2b\"></span>ifications or chan<span class=\"_ _2b\"></span>ges in the lease payme<span class=\"_ _0\"></span>nts, inc<span class=\"_ _0\"></span>luding a</div>\n<div class=\"t m0 x1a h4f y9d5 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">change i<span class=\"_ _0\"></span>n an inde<span class=\"_ _2b\"></span>x or a rate use<span class=\"_ _0\"></span>d to dete<span class=\"_ _0\"></span>rmin<span class=\"wsf0\">e thos<span class=\"_ _2b\"></span>e payments. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 766px; width: 349px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 247px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 349px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 252px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>erest on t<span class=\"_ _2b\"></span>he lease lia<span class=\"_ _0\"></span>bility i<span class=\"_ _0\"></span>n each per<span class=\"_ _2b\"></span>iod represent<span class=\"_ _0\"></span>s the amo<span class=\"_ _2b\"></span>unt</div>\n<div class=\"t m0 x7 h4f y803 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that pr<span class=\"_ _0\"></span>oduces a c<span class=\"_ _2b\"></span>onstant perio<span class=\"_ _2b\"></span>dic rate of int<span class=\"_ _0\"></span>erest o<span class=\"_ _0\"></span>n the rem<span class=\"_ _0\"></span>aining</div>\n<div class=\"t m0 x7 h4f y804 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">balance of<span class=\"_ _0\"></span> the lease li<span class=\"_ _2b\"></span>ability. The inte<span class=\"_ _0\"></span>rest on the le<span class=\"_ _0\"></span>ase <span class=\"ls106 ws115\">liabi<span class=\"_ _0\"></span>lity is </span></div>\n<div class=\"t m0 x7 h4f y805 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent, together <span class=\"_ _0\"></span>with th<span class=\"_ _0\"></span>e varia<span class=\"_ _0\"></span>ble leas<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y806 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s not inclu<span class=\"_ _0\"></span>ded in the meas<span class=\"_ _2b\"></span>urement of the leas<span class=\"_ _2b\"></span>e liability in the</div>\n<div class=\"t m0 x7 h4f y807 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period in<span class=\"_ _2\"></span> which the event or<span class=\"_ _2\"></span> condition that <span class=\"_ _2\"></span>triggers those p<span class=\"_ _2\"></span>ayments</div>\n<div class=\"t m0 x7 h4f y808 ffd4 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">occurs.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The right<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse1 ws11d\">use asset is <span class=\"_ _2\"></span><span class=\"ls102\">initially <span class=\"lse0 wsfa\">measured at c<span class=\"_ _2b\"></span>ost and compri<span class=\"_ _0\"></span>ses the </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y80b ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">initial l<span class=\"_ _2b\"></span>ease liability<span class=\"_ _2b\"></span> recognised, <span class=\"_ _0\"></span>adjusted <span class=\"_ _0\"></span>for any<span class=\"_ _0\"></span> lease p<span class=\"_ _0\"></span>ayments<span class=\"_ _0\"></span> made</div>\n<div class=\"t m0 x7 h4f y80c ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at or befor<span class=\"_ _0\"></span>e the comme<span class=\"_ _0\"></span>ncement<span class=\"_ _0\"></span> of the lease, any<span class=\"_ _0\"></span> lease ince<span class=\"_ _2b\"></span>ntives</div>\n<div class=\"t m0 x7 h4f y80d ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d, <span class=\"_ _2\"></span>any i<span class=\"_ _2b\"></span>nitial direct costs<span class=\"_ _0\"></span> incurr<span class=\"_ _0\"></span>ed by Ageas an<span class=\"_ _0\"></span>d an estim<span class=\"_ _0\"></span>ate of</div>\n<div class=\"t m0 x7 h4f y80e ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">t<span class=\"lse0 wsfa\">he costs t<span class=\"_ _0\"></span>o be inc<span class=\"_ _0\"></span>urred in <span class=\"_ _0\"></span>dismant<span class=\"_ _0\"></span>ling an<span class=\"_ _0\"></span>d removi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nderly<span class=\"_ _0\"></span>ing </span></div>\n<div class=\"t m0 x7 h4f y80f ffd4 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">asset. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y810 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90a ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subsequently,<span class=\"_ _2\"></span> the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsf0\">use asset is meas<span class=\"_ _0\"></span>ured at cost<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>less<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y90b ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accumu<span class=\"_ _0\"></span>lated dep<span class=\"_ _0\"></span>reciat<span class=\"_ _0\"></span>ion and any i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent losses.<span class=\"_ _0\"></span> The right<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsef\">use </span></span></div>\n<div class=\"t m0 x7 h4f y90c ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">asset is<span class=\"_ _0\"></span> deprec<span class=\"_ _0\"></span>iated o<span class=\"_ _0\"></span>n a strai<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">line basis over the s<span class=\"_ _0\"></span>horter of t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y90d ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset\u2019s<span class=\"_ _0\"></span> useful lif<span class=\"_ _0\"></span>e and the leas<span class=\"_ _0\"></span>e term. Simi<span class=\"_ _0\"></span>lar to othe<span class=\"_ _0\"></span>r non<span class=\"ls0 ws0\">-</span><span class=\"wsef\">financ<span class=\"_ _2b\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y90e ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets, a ri<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">use asset is impaired when<span class=\"_ _2\"></span> its carrying amount </span></span></span></div>\n<div class=\"t m0 x7 h4f y90f ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">exceeds it<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">recov<span class=\"_ _0\"></span>erable a<span class=\"_ _0\"></span>mount. Th<span class=\"_ _0\"></span>e depreci<span class=\"_ _0\"></span>ation of the ri<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">us<span class=\"_ _2\"></span>e </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y910 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset and r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion of any<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">imp<span class=\"_ _0\"></span>airment<span class=\"_ _0\"></span> loss is <span class=\"_ _0\"></span>recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y911 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y912 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y913 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In case of<span class=\"_ _2b\"></span> remeasurem<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e lease l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>y<span class=\"ls0 ws0\">, </span><span class=\"wsf0\">to reflect leas<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y914 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">modification<span class=\"_ _2\"></span>s or changes in the lease payment<span class=\"_ _2\"></span>s, the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsf0\">use asset is </span></span></div>\n<div class=\"t m0 x7 h4f y915 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed for this<span class=\"_ _0\"></span> reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y916 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y917 ffd4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">measurement<span class=\"_ _0\"></span> model abo<span class=\"_ _0\"></span>ve is not app<span class=\"_ _0\"></span>lied to leas<span class=\"_ _0\"></span>es of asset<span class=\"_ _0\"></span> that are </span></div>\n<div class=\"t m0 x7 h4f y918 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of low v<span class=\"_ _0\"></span>alue to A<span class=\"_ _0\"></span>geas or t<span class=\"_ _2b\"></span>o short<span class=\"ls0 ws0\">-</span>term leas<span class=\"_ _0\"></span>es, of wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e lease t<span class=\"_ _0\"></span>erm at</div>\n<div class=\"t m0 x7 h4f y919 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">commenc<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> the lea<span class=\"_ _0\"></span>se is 12 m<span class=\"_ _2b\"></span>onths or less. F<span class=\"_ _2b\"></span>or those leas<span class=\"_ _0\"></span>es, the</div>\n<div class=\"t m0 x7 h4f y91a ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease paym<span class=\"_ _2b\"></span>ents made are rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d as an expe<span class=\"wsfa\">ns<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e income </span></div>\n<div class=\"t m0 x7 h4f y91b ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt on a <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>raight<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">lin<span class=\"_ _0\"></span>e basis ov<span class=\"_ _2b\"></span>er the lease t<span class=\"_ _0\"></span>erm<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 514px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 519px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 524px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x7 h55 y968 ffd6 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Cash flo<span class=\"_ _0\"></span>w statem<span class=\"_ _2b\"></span>ent<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y969 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Lease paym<span class=\"_ _2b\"></span>ents are present<span class=\"_ _0\"></span>ed as cash fl<span class=\"_ _0\"></span>ows from op<span class=\"_ _0\"></span>erating act<span class=\"_ _2b\"></span>ivities in</div>\n<div class=\"t m0 x7 h4f y96a ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cons<span class=\"_ _0\"></span>olidate<span class=\"_ _2b\"></span>d cash flow st<span class=\"_ _0\"></span>atement,<span class=\"_ _0\"></span> as part <span class=\"_ _0\"></span>of \u2018borr<span class=\"_ _0\"></span>owings\u2019.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 520px; height: 51px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y89b ffd4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.8 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Loan<span class=\"_ _2\"></span>s</span> </span></div>\n<div class=\"t m0 x7 h4f y89c ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans to ba<span class=\"_ _0\"></span>nks<span class=\"wsfa\">, lo<span class=\"_ _0\"></span>ans to gov<span class=\"_ _2b\"></span>ernments and l<span class=\"_ _0\"></span>oans to c<span class=\"_ _0\"></span>ustome<span class=\"_ _0\"></span>rs incl<span class=\"_ _0\"></span>ude </span></div>\n<div class=\"t m0 x7 h4f y89d ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">loans originat<span class=\"_ _2\"></span>ed by Ageas by providing money<span class=\"_ _2\"></span> directly to the borrower or<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y89e ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to a sub<span class=\"ls0 ws0\">-</span>partici<span class=\"_ _2b\"></span>pation agent. Tho<span class=\"_ _0\"></span>se loans<span class=\"_ _0\"></span> are measur<span class=\"_ _0\"></span>ed at amort<span class=\"_ _0\"></span>ised</div>\n<div class=\"t m0 x7 h4f y89f ffd4 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">cost. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a0 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a1 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Debt sec<span class=\"_ _2b\"></span>urities acquir<span class=\"_ _2b\"></span>ed on the primar<span class=\"_ _2b\"></span>y market direct<span class=\"_ _2b\"></span>ly from the iss<span class=\"_ _2b\"></span>uer</div>\n<div class=\"t m0 x7 h4f y8a2 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are reco<span class=\"_ _0\"></span>rded as <span class=\"_ _0\"></span>loans, p<span class=\"_ _2b\"></span>rovided ther<span class=\"_ _0\"></span>e is no act<span class=\"_ _2b\"></span>ive market for t<span class=\"_ _2b\"></span>hose</div>\n<div class=\"t m0 x7 h4f y8a3 ffd4 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">securities. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2e ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2f ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans th<span class=\"_ _0\"></span>at are orig<span class=\"_ _0\"></span>inated or pu<span class=\"_ _0\"></span>rchase<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h the intent t<span class=\"_ _0\"></span>o be sold or</div>\n<div class=\"t m0 x7 h4f yb30 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ised in t<span class=\"_ _0\"></span>he short<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">term are classified as<span class=\"_ _2\"></span> assets held for trading.<span class=\"_ _2\"></span> </span> </span></div>\n<div class=\"t m0 x1a h4f y977 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Loans that <span class=\"lse0 wsf0\">are designat<span class=\"_ _0\"></span>ed as held at fai<span class=\"_ _0\"></span>r value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss or </span></div>\n<div class=\"t m0 x1a h4f y978 ffd4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-<span class=\"lse0 wsf0\">sale are classi<span class=\"_ _0\"></span>fied as suc<span class=\"_ _0\"></span>h <span class=\"lse2 wsf1\">on <span class=\"ls106 ws10c\">initial recognit<span class=\"_ _2b\"></span>ion. <span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y979 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y97a ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Loan com<span class=\"_ _0\"></span>mitme<span class=\"_ _0\"></span>nts that<span class=\"_ _0\"></span> allow fo<span class=\"_ _2b\"></span>r a drawdown of <span class=\"_ _2b\"></span>a loan within t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y97b ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">timefra<span class=\"_ _0\"></span>me gene<span class=\"_ _0\"></span>rally est<span class=\"_ _2b\"></span>ablished by r<span class=\"_ _0\"></span>egulati<span class=\"_ _2b\"></span>on or convent<span class=\"_ _0\"></span>ion in th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y97c ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market<span class=\"_ _0\"></span>place ar<span class=\"_ _0\"></span>e not rec<span class=\"_ _0\"></span>ognise<span class=\"_ _2b\"></span>d in the statem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _2b\"></span>nancial posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97d ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb32 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Increm<span class=\"_ _0\"></span>ental cos<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>urred an<span class=\"_ _2b\"></span>d loan originati<span class=\"_ _2b\"></span>on fees earn<span class=\"_ _0\"></span>ed in sec<span class=\"_ _0\"></span>uring</div>\n<div class=\"t m0 x1a h4f yb33 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">a loan are def<span class=\"_ _0\"></span>erred<span class=\"_ _0\"></span> and amortise<span class=\"_ _2b\"></span>d over the life of the loa<span class=\"_ _0\"></span>n, as an</div>\n<div class=\"t m0 x1a h4f yb34 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ment to t<span class=\"_ _0\"></span>he yiel<span class=\"_ _2b\"></span>d.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 y981 ffd6 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments on<span class=\"_ _2\"></span> <span class=\"wsf1\">loans<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y982 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A credit risk for<span class=\"_ _2\"></span> a specific loan impairment<span class=\"_ _2\"></span> is established if there is</div>\n<div class=\"t m0 x1a h4f y983 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve evidenc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>tha<span class=\"_ _0\"></span>t Ageas wil<span class=\"_ _0\"></span>l not be able to col<span class=\"_ _0\"></span>lect all am<span class=\"_ _0\"></span>ounts du<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y984 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in accor<span class=\"_ _2b\"></span>dance with th<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>tual ter<span class=\"_ _2b\"></span>ms. The amount <span class=\"_ _0\"></span>of the i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f y9c2 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is the di<span class=\"_ _2\"></span>fference <span class=\"ws103\">between the<span class=\"_ _2\"></span> carrying amount and the recoverabl<span class=\"_ _2\"></span>e </span></div>\n<div class=\"t m0 x1a h4f y9c3 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount,<span class=\"_ _0\"></span> being t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of ex<span class=\"_ _0\"></span>pected c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws or, a<span class=\"_ _0\"></span>lternativ<span class=\"_ _2b\"></span>ely,</div>\n<div class=\"t m0 x1a h4f y9c4 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the collateral<span class=\"_ _2\"></span> value less costs to sell if the<span class=\"_ _2\"></span> loan is secured.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c5 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c6 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An \u2018incurred bu<span class=\"_ _2\"></span>t not reported\u2019 (IBNR) impai<span class=\"_ _2\"></span>rment on loans is recorded<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">when there is<span class=\"_ _2\"></span> objective evidence<span class=\"ls0 ws0\"> </span>tha<span class=\"_ _2\"></span>t incurred losses are present<span class=\"_ _2\"></span> in</div>\n<div class=\"t m0 x1a h4f ycb9 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compone<span class=\"_ _0\"></span>nts of the lo<span class=\"_ _0\"></span>an portf<span class=\"_ _0\"></span>olio, with<span class=\"_ _0\"></span>out havin<span class=\"_ _0\"></span>g specific<span class=\"_ _2b\"></span>ally identified</div>\n<div class=\"t m0 x1a h4f ycba ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impaire<span class=\"_ _0\"></span>d loans. Th<span class=\"_ _0\"></span>is impair<span class=\"_ _2b\"></span>ment is estimated b<span class=\"_ _0\"></span>ased upon<span class=\"_ _0\"></span> historica<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x1a h4f ycbb ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">patter<span class=\"_ _0\"></span>ns of loss<span class=\"_ _2b\"></span>es in each comp<span class=\"_ _0\"></span>onent,<span class=\"_ _0\"></span> reflecti<span class=\"_ _0\"></span>ng the c<span class=\"_ _0\"></span>urrent<span class=\"_ _0\"></span> econom<span class=\"_ _0\"></span>ic</div>\n<div class=\"t m0 x1a h4f ycbc ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">climate <span class=\"_ _0\"></span>in which t<span class=\"_ _2b\"></span>he borrowers <span class=\"_ _0\"></span>operat<span class=\"_ _0\"></span>e and tak<span class=\"_ _0\"></span>ing int<span class=\"_ _0\"></span>o accou<span class=\"_ _0\"></span>nt the ri<span class=\"_ _0\"></span>sk</div>\n<div class=\"t m0 x1a h4f ycbd ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of diffic<span class=\"_ _0\"></span>ulties in se<span class=\"_ _2b\"></span>rvicing extern<span class=\"_ _0\"></span>al debt in so<span class=\"_ _0\"></span>me foreig<span class=\"_ _0\"></span>n countri<span class=\"_ _0\"></span>es based</div>\n<div class=\"t m0 x1a h4f ycbe ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on an assess<span class=\"_ _2b\"></span>ment of the politica<span class=\"_ _0\"></span>l and econo<span class=\"_ _0\"></span>mic situ<span class=\"_ _0\"></span>ation.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbf ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc0 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments are<span class=\"_ _2\"></span> recorded a<span class=\"lse0 wsfa\">s a decr<span class=\"_ _2b\"></span>ease in the car<span class=\"_ _0\"></span>rying v<span class=\"_ _0\"></span>alue of \u2018<span class=\"_ _0\"></span>loans </span></div>\n<div class=\"t m0 x1a h4f ycc1 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to banks\u2019 an<span class=\"_ _0\"></span>d \u2018loans to cus<span class=\"_ _0\"></span>tomers<span class=\"_ _2b\"></span>\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc2 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc3 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Impairm<span class=\"_ _2b\"></span>ents on loan com<span class=\"_ _2b\"></span>mitments rec<span class=\"_ _0\"></span>orded off t<span class=\"_ _2b\"></span>he statement<span class=\"_ _0\"></span> of</div>\n<div class=\"t m0 x1a h4f ycc4 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">financial p<span class=\"_ _2\"></span>osition are classi<span class=\"_ _2\"></span>fied under \u2018provision<span class=\"_ _2\"></span>s\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc5 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc6 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When a spec<span class=\"_ _0\"></span>ific loan is i<span class=\"_ _0\"></span>dentifi<span class=\"_ _0\"></span>ed as uncol<span class=\"_ _0\"></span>lectibl<span class=\"_ _2b\"></span>e and a<span class=\"lse2 wsfa\">ll <span class=\"_ _2\"></span>legal and </span></div>\n<div class=\"t m0 x1a h4f ycc7 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">proced<span class=\"_ _0\"></span>ural acti<span class=\"_ _0\"></span>ons have be<span class=\"_ _0\"></span>en exhaus<span class=\"_ _0\"></span>ted, the lo<span class=\"_ _0\"></span>an is writt<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">off agains<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f ycc8 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the related charg<span class=\"_ _2\"></span>e for impairment; subsequen<span class=\"_ _2\"></span>t recoveries are credited to<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f ycc9 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">change i<span class=\"_ _0\"></span>n impai<span class=\"_ _0\"></span>rment in t<span class=\"_ _2b\"></span>he income stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 425px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 603px; width: 354px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 193px; width: 354px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yb31 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9cc ffd4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.9 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Reins<span class=\"_ _2\"></span>urance and</span> <span class=\"lse0 wsf0\">other receiva<span class=\"_ _0\"></span>bles<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 y99d ffd6 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y99e ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas assumes<span class=\"_ _2\"></span> and/or cedes r<span class=\"_ _2\"></span>einsurance in the<span class=\"_ _2\"></span> normal course o<span class=\"_ _2\"></span>f</div>\n<div class=\"t m0 x1a h4f y99f ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span>. Reins<span class=\"_ _0\"></span>urance rec<span class=\"_ _2b\"></span>eivables princi<span class=\"_ _2b\"></span>pally include bal<span class=\"_ _0\"></span>ances due</div>\n<div class=\"t m0 x1a h4f y9a0 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">from both i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>and re<span class=\"_ _0\"></span>insura<span class=\"_ _0\"></span>nce comp<span class=\"_ _0\"></span>anies for c<span class=\"_ _0\"></span>eded insur<span class=\"_ _0\"></span>ance</div>\n<div class=\"t m0 x1a h4f y9a1 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities.<span class=\"_ _2\"></span> Amounts recoverable <span class=\"_ _2\"></span>from or due to<span class=\"_ _2\"></span> reinsurers <span class=\"lse0 wsf0\">are estimat<span class=\"_ _0\"></span>ed </span></div>\n<div class=\"t m0 x1a h4f y9a2 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in a man<span class=\"_ _0\"></span>ner cons<span class=\"_ _0\"></span>istent w<span class=\"_ _2b\"></span>ith the amount<span class=\"_ _0\"></span>s assoc<span class=\"_ _0\"></span>iated w<span class=\"_ _0\"></span>ith th<span class=\"_ _0\"></span>e reinsu<span class=\"_ _0\"></span>red</div>\n<div class=\"t m0 x1a h4f ycca ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span> and in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h the reins<span class=\"_ _0\"></span>urance co<span class=\"_ _0\"></span>ntract.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yccb ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yccc ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Reinsurance i<span class=\"_ _2\"></span>s presented on the statement<span class=\"_ _2\"></span> of financial position on a</div>\n<div class=\"t m0 x1a h4f yccd ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">gross bas<span class=\"_ _2b\"></span>is<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span><span class=\"wsf0\">unles<span class=\"_ _0\"></span>s a right to offs<span class=\"_ _2b\"></span>et exist<span class=\"lse1\">s.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other rece<span class=\"_ _2b\"></span>ivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Other re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _2b\"></span>es arising from<span class=\"_ _0\"></span> the no<span class=\"_ _0\"></span>rmal cou<span class=\"_ _0\"></span>rse of bus<span class=\"_ _2b\"></span>iness and</div>\n<div class=\"t m0 x7 h4f y804 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">origin<span class=\"_ _0\"></span>ated by Agea<span class=\"_ _0\"></span>s are initia<span class=\"_ _0\"></span>lly reco<span class=\"_ _0\"></span>rded at fair v<span class=\"_ _0\"></span>alue and sub<span class=\"_ _0\"></span>sequent<span class=\"_ _2b\"></span>ly</div>\n<div class=\"t m0 x7 h4f y805 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at amort<span class=\"_ _0\"></span>ised cost us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _2b\"></span>ective interest met<span class=\"_ _2b\"></span>hod,<span class=\"ls0 ws0\"> </span><span class=\"lse1\">less </span></div>\n<div class=\"t m0 x7 h4f y806 ffd8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ents.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 83px; width: 346px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f yc7b ffd8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.10<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span>Deferred<span class=\"_ _2\"></span> acquisition<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse1 ws11d\">costs (DAC)</span> </span></div>\n<div class=\"t m0 x7 h55 yc7c ffda fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7d ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The costs of<span class=\"_ _0\"></span> new and rene<span class=\"_ _2b\"></span>wed insurance bus<span class=\"_ _0\"></span>iness, al<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>of whic<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>var<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x7 h4f yc7e ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with and pri<span class=\"_ _2b\"></span>marily are related t<span class=\"_ _0\"></span>o the produc<span class=\"_ _0\"></span>tion of new<span class=\"_ _0\"></span> business<span class=\"_ _0\"></span>, are</div>\n<div class=\"t m0 x7 h4f yc7f ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deferre<span class=\"_ _0\"></span>d and amort<span class=\"_ _2b\"></span>ised, resulting in <span class=\"ls0 ws0\">d<span class=\"lse2 wsf1\">eferred </span>a<span class=\"lsfb wsfa\">cqu<span class=\"_ _2\"></span>is<span class=\"ls106 ws124\">ition </span></span>c<span class=\"lsf4 ws114\">osts (DAC). </span></span></div>\n<div class=\"t m0 x7 h4f yc80 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">DAC princ<span class=\"_ _0\"></span>ipally in<span class=\"_ _0\"></span>cludes c<span class=\"_ _0\"></span>ommiss<span class=\"_ _0\"></span>ions, und<span class=\"_ _0\"></span>erwriti<span class=\"_ _0\"></span>ng, agenc<span class=\"_ _0\"></span>y and policy<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yc81 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issue exp<span class=\"_ _0\"></span>enses. The m<span class=\"_ _2b\"></span>ethod for amortisat<span class=\"_ _2b\"></span>ion is based on expect<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f yc82 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earned pre<span class=\"_ _2b\"></span>mium or estimated g<span class=\"_ _2b\"></span>ross profit margin<span class=\"_ _0\"></span>s. DAC are per<span class=\"_ _2b\"></span>iodically</div>\n<div class=\"t m0 x7 h4f yc83 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reviewe<span class=\"_ _2b\"></span>d to ensure thei<span class=\"_ _2b\"></span>r recove<span class=\"lse2 ws103\">rability based on es<span class=\"_ _2\"></span>timates of future </span></div>\n<div class=\"t m0 x7 h4f yc84 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">profits of<span class=\"_ _0\"></span> the under<span class=\"_ _0\"></span>lying cont<span class=\"_ _0\"></span>racts. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yccf ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in pr<span class=\"_ _0\"></span>oportio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>to ant<span class=\"_ _2b\"></span>icipated premiu<span class=\"_ _0\"></span>ms<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycd0 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For life ins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment <span class=\"lse2 wsf1\">products<span class=\"wsfa\">, both wit<span class=\"_ _2\"></span>hout Discretionary </span></span></div>\n<div class=\"t m0 x7 h4f ycd1 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span>eatures, DAC<span class=\"_ _0\"></span> is amort<span class=\"_ _2b\"></span>ised in proport<span class=\"_ _2b\"></span>ion to <span class=\"wsf0\">the antic<span class=\"_ _0\"></span>ipated </span></div>\n<div class=\"t m0 x7 h4f ycd2 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms. Assum<span class=\"_ _0\"></span>ptions as t<span class=\"_ _0\"></span>o anticipa<span class=\"_ _2b\"></span>ted premiums are est<span class=\"_ _2b\"></span>imated at the</div>\n<div class=\"t m0 x7 h4f ycd3 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of pol<span class=\"_ _0\"></span>icy issuanc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d are consis<span class=\"_ _2b\"></span>tently applied du<span class=\"_ _0\"></span>ring the lif<span class=\"_ _0\"></span>e of the</div>\n<div class=\"t m0 x7 h4f y9a4 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s. Deviations f<span class=\"_ _0\"></span>rom estim<span class=\"_ _0\"></span>ated exper<span class=\"_ _2b\"></span>ience are reflect<span class=\"_ _0\"></span>ed in the</div>\n<div class=\"t m0 x7 h4f y9a5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement in the peri<span class=\"_ _0\"></span>od such devi<span class=\"_ _0\"></span>ations oc<span class=\"_ _0\"></span>cur. For thes<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y9a6 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts, DAC i<span class=\"_ _2\"></span>s generally amortised for<span class=\"_ _2\"></span> the total life of the policy.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ycd4 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in lin<span class=\"_ _2b\"></span>e with Estimated Gr<span class=\"_ _2b\"></span>oss Profit (EGP) m<span class=\"_ _0\"></span>argin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycd5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For life ins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">products<span class=\"wsfa\">, both wi<span class=\"_ _2\"></span>th Discretionary </span></span></span></div>\n<div class=\"t m0 x7 h4f ycd6 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">ea<span class=\"_ _2\"></span>tures, DAC is amortised over the<span class=\"_ _2\"></span> expected life of the </span></div>\n<div class=\"t m0 x7 h4f ycd7 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>bas<span class=\"_ _2b\"></span>ed on the present val<span class=\"_ _0\"></span>ue of the estim<span class=\"_ _0\"></span>ated gross<span class=\"_ _0\"></span> profit</div>\n<div class=\"t m0 x7 h4f ycd8 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">margin or p<span class=\"_ _0\"></span>rofit amou<span class=\"_ _0\"></span>nts using t<span class=\"_ _0\"></span>he expect<span class=\"_ _0\"></span>ed invest<span class=\"_ _0\"></span>ment yie<span class=\"_ _0\"></span>ld. Estim<span class=\"_ _2b\"></span>ated</div>\n<div class=\"t m0 x7 h4f ycd9 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">gross profit<span class=\"_ _2\"></span> margin includes anticipated<span class=\"_ _2\"></span> premiums and investm<span class=\"lse0 wsf0\">ent result </span></div>\n<div class=\"t m0 x7 h4f ycda ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">less benef<span class=\"_ _0\"></span>its and adm<span class=\"_ _0\"></span>inistr<span class=\"_ _0\"></span>ative exp<span class=\"_ _0\"></span>enses, ch<span class=\"_ _2b\"></span>anges in the net level</div>\n<div class=\"t m0 x7 h4f ycdb ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">premium reserv<span class=\"_ _2\"></span>e and expected policyholder<span class=\"_ _2\"></span> dividend, as appropriate.</div>\n<div class=\"t m0 x7 h4f ycdc ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deviations of ac<span class=\"_ _2\"></span>tual results from estimated<span class=\"_ _2\"></span> experience are reflected in<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yc86 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement in t<span class=\"_ _2b\"></span>he period in<span class=\"ls0 ws0\"> </span>whic<span class=\"_ _2b\"></span>h such deviati<span class=\"_ _0\"></span>ons occ<span class=\"_ _0\"></span>ur. DAC</div>\n<div class=\"t m0 x7 h4f yc87 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is adjuste<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r the amortis<span class=\"_ _0\"></span>ation eff<span class=\"_ _2b\"></span>ect of unrealised g<span class=\"_ _0\"></span>ains (loss<span class=\"_ _0\"></span>es)</div>\n<div class=\"t m0 x7 h4f yc88 ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recorded i<span class=\"_ _2\"></span>n equity as if t<span class=\"_ _2\"></span>hey were realised w<span class=\"_ _2\"></span>ith the related <span class=\"_ _2\"></span>adjustment to</div>\n<div class=\"t m0 x7 h4f yc89 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unreal<span class=\"_ _0\"></span>ised gains (<span class=\"_ _0\"></span>losses<span class=\"_ _0\"></span>) in equity.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ycdd ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in lin<span class=\"_ _2b\"></span>e with earned premi<span class=\"_ _0\"></span>ums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycde ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For short d<span class=\"_ _0\"></span>uration c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s, DAC is amo<span class=\"_ _0\"></span>rtised ov<span class=\"_ _0\"></span>er the perio<span class=\"_ _0\"></span>d in which</div>\n<div class=\"t m0 x7 h4f ycdf ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the related pre<span class=\"_ _2\"></span>miums written are earned. Fu<span class=\"_ _2\"></span>ture investment income is</div>\n<div class=\"t m0 x7 h4f yce0 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>red (at a risk<span class=\"ls0 ws0\">-</span>free rate of ret<span class=\"_ _2b\"></span>urn) in assessin<span class=\"_ _0\"></span>g the recov<span class=\"_ _0\"></span>erabili<span class=\"_ _0\"></span>ty</div>\n<div class=\"t m0 x7 h4f yce1 ffd8 fs3a fc14 sc0 lsfa ws11e\" style=\"z-index: 15;\">of DAC.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yce2 ffda fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation i<span class=\"_ _0\"></span>n line wit<span class=\"_ _2b\"></span>h <span class=\"lse2\">rel<span class=\"_ _2\"></span>ated revenues of<span class=\"_ _2\"></span> service provided<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yce3 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Some inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>hout Di<span class=\"_ _2b\"></span>scretionary P<span class=\"_ _0\"></span>artici<span class=\"_ _0\"></span>pation F<span class=\"_ _0\"></span>eatures<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yce4 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issued by in<span class=\"_ _0\"></span>suranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>ities inv<span class=\"_ _0\"></span>olve both<span class=\"_ _0\"></span> the origin<span class=\"_ _0\"></span>ation of a fi<span class=\"_ _0\"></span>nancial</div>\n<div class=\"t m0 x1a h4f yce5 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent and t<span class=\"_ _2b\"></span>he provision <span class=\"_ _0\"></span>of invest<span class=\"_ _2b\"></span>ment managem<span class=\"_ _0\"></span>ent servi<span class=\"_ _0\"></span>ces.</div>\n<div class=\"t m0 x1a h4f yce6 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Where clear<span class=\"lse0 wsfa\">ly identifia<span class=\"_ _2b\"></span>ble, the increm<span class=\"_ _2b\"></span>ental costs r<span class=\"_ _0\"></span>elating<span class=\"_ _0\"></span> to the ri<span class=\"_ _0\"></span>ght to </span></div>\n<div class=\"t m0 x1a h4f yce7 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt management se<span class=\"_ _0\"></span>rvices a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised as an asset<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yce8 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are amo<span class=\"_ _0\"></span>rtised as the r<span class=\"_ _2b\"></span>elated revenues a<span class=\"_ _2b\"></span>re recognised. Th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>relat<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f yce9 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset is tested fo<span class=\"_ _0\"></span>r recover<span class=\"_ _2b\"></span>ability at each rep<span class=\"_ _0\"></span>orting dat<span class=\"_ _0\"></span>e. Fee</div>\n<div class=\"t m0 x1a h4f ycea ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">charges fo<span class=\"_ _2\"></span>r managing investment<span class=\"_ _2\"></span>s on these con<span class=\"_ _2\"></span>tracts are recognised<span class=\"_ _2\"></span> as</div>\n<div class=\"t m0 x1a h4f yceb ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">revenue as the<span class=\"_ _2\"></span> services are provided.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 89px; width: 351px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 687px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 94px; width: 351px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 692px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 99px; width: 351px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 697px; width: 351px; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x1a h4f ycec ffd8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.11 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"ls102 ws11d\">Liabilities </span></span>ari<span class=\"_ _2\"></span>sing<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">from (re)ins<span class=\"_ _2\"></span>urance and investmen<span class=\"_ _2\"></span>t contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yced ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The liab<span class=\"_ _0\"></span>ilities <span class=\"_ _0\"></span>arisin<span class=\"_ _0\"></span>g from (r<span class=\"_ _2b\"></span>e)insurance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _2b\"></span>ment <span class=\"wsf0\">contract<span class=\"_ _0\"></span>s relat<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x1a h4f ycee ffd8 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycef ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x1a h4f ycf0 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse2 ws103\">R<span class=\"_ _2\"></span>einsurance contracts</span><span class=\"ffd8\">; </span></span></div>\n<div class=\"t m0 x1a h4f ycf1 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts with Dis<span class=\"_ _2b\"></span>cretionary Pa<span class=\"_ _2b\"></span>rticipation Fe<span class=\"_ _0\"></span>atures </span></span></div>\n<div class=\"t m0 x6c h4f ycf2 ffd8 fs3a fc14 sc0 ls105 ws120\" style=\"z-index: 15;\">(DPF)<span class=\"_ _2\"></span><span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f ycf3 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts witho<span class=\"_ _0\"></span>ut DPF.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 ycf4 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication of<span class=\"_ _0\"></span> contract<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycf5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Policy<span class=\"_ _0\"></span>holder lia<span class=\"_ _2b\"></span>bilities are class<span class=\"_ _2b\"></span>ified based on the <span class=\"lse2 wsfa\">underlying insurance </span></div>\n<div class=\"t m0 x1a h4f ycf6 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> featur<span class=\"_ _2b\"></span>es and the speci<span class=\"_ _0\"></span>fied r<span class=\"_ _0\"></span>isks of t<span class=\"_ _0\"></span>hese cont<span class=\"_ _2b\"></span>racts:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycf7 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span> are thos<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts in w<span class=\"_ _0\"></span>hich Ag<span class=\"_ _0\"></span>eas has </span></span></div>\n<div class=\"t m0 x6c h4f ycf8 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">accepted signi<span class=\"_ _2\"></span>ficant insurance risk from<span class=\"_ _2\"></span> another party (the</div>\n<div class=\"t m0 x6c h4f ycf9 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">policyholder)<span class=\"_ _2\"></span> by agreeing to compensate the<span class=\"_ _2\"></span> policyhold<span class=\"lse0 wsf0\">er if a </span></div>\n<div class=\"t m0 x6c h4f ycfa ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">specifi<span class=\"_ _0\"></span>ed uncert<span class=\"_ _0\"></span>ain fut<span class=\"_ _0\"></span>ure event (t<span class=\"_ _0\"></span>he insure<span class=\"_ _0\"></span>d event) adv<span class=\"_ _2b\"></span>ersely</div>\n<div class=\"t m0 x6c h4f ycfb ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">affects t<span class=\"_ _2b\"></span>he policyhold<span class=\"_ _2b\"></span>er. Insurance <span class=\"_ _0\"></span>risk is s<span class=\"_ _0\"></span>ignifi<span class=\"_ _0\"></span>cant if, a<span class=\"_ _2b\"></span>nd only if,</div>\n<div class=\"t m0 x6c h4f ycfc ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an insure<span class=\"_ _0\"></span>d event cou<span class=\"_ _0\"></span>ld cause an i<span class=\"_ _0\"></span>nsurer to pa<span class=\"_ _0\"></span>y signific<span class=\"_ _2b\"></span>ant additiona<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x6c h4f ycfd ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefits in any<span class=\"_ _2\"></span> scenario, excluding scenar<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">ios t<span class=\"_ _2b\"></span>hat lack comm<span class=\"_ _2b\"></span>ercial </span></div>\n<div class=\"t m0 x6c h4f ycfe ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">substan<span class=\"_ _0\"></span>ce (i.e. hav<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>no di<span class=\"_ _0\"></span>scernib<span class=\"_ _0\"></span>le effect on t<span class=\"_ _0\"></span>he econo<span class=\"_ _0\"></span>mics of the</div>\n<div class=\"t m0 x6c h4f ycff ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion). Insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts ca<span class=\"_ _0\"></span>n also t<span class=\"_ _0\"></span>ransfer f<span class=\"_ _2b\"></span>inancial risk<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd00 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts (with o<span class=\"_ _0\"></span>r without<span class=\"_ _0\"></span> DPF) a<span class=\"_ _0\"></span>re those c<span class=\"_ _2b\"></span>ontracts that<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x6c h4f yd01 ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">transfer si<span class=\"_ _2\"></span>gnificant financi<span class=\"ws103\">al ri<span class=\"_ _2\"></span>sk. Financial risk is the ri<span class=\"_ _2\"></span>sk of a </span></div>\n<div class=\"t m0 x6c h4f yd02 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">possibl<span class=\"_ _0\"></span>e future ch<span class=\"_ _0\"></span>ange in one or m<span class=\"_ _0\"></span>ore of a spec<span class=\"_ _0\"></span>ified int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>e,</div>\n<div class=\"t m0 x6c h4f yd03 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>strument price, commodity pri<span class=\"_ _2\"></span>ce, foreign exchange rate<span class=\"_ _2\"></span>,</div>\n<div class=\"t m0 x6c h4f yd04 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">index of price or<span class=\"_ _2\"></span> rates, credit<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">rating or credit<span class=\"_ _0\"></span> index or oth<span class=\"_ _2b\"></span>er variable, </span></span></div>\n<div class=\"t m0 x6c h4f yd05 ffd8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provi<span class=\"wsfa\">di<span class=\"_ _0\"></span>ng in the <span class=\"_ _0\"></span>case of a<span class=\"_ _0\"></span> non<span class=\"ls0 ws0\">-</span>financ<span class=\"_ _2b\"></span>ial variable t<span class=\"_ _0\"></span>hat the <span class=\"_ _0\"></span>variabl<span class=\"_ _0\"></span>e is </span></div>\n<div class=\"t m0 x6c h4f yd06 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not spec<span class=\"_ _0\"></span>ific to a <span class=\"_ _2b\"></span>party of the co<span class=\"_ _2b\"></span>ntract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd07 ffd8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd08 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Once a co<span class=\"_ _0\"></span>ntract <span class=\"_ _2b\"></span>has been classif<span class=\"_ _0\"></span>ied as a<span class=\"_ _0\"></span>n insura<span class=\"_ _0\"></span>nce co<span class=\"_ _0\"></span>ntract, i<span class=\"_ _0\"></span>t rema<span class=\"_ _0\"></span>ins</div>\n<div class=\"t m0 x1a h4f yd09 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act for the re<span class=\"_ _0\"></span>maind<span class=\"_ _0\"></span>er of its lifeti<span class=\"_ _2b\"></span>me, even if the</div>\n<div class=\"t m0 x1a h4f y8c6 ffd8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">insura<span class=\"wsfa\">nce ri<span class=\"_ _2\"></span>sk reduce<span class=\"ls0 ws0\">d <span class=\"lse0 wsf0\">significantly<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>duri<span class=\"_ _2b\"></span>ng this period, unl<span class=\"_ _0\"></span>ess all right<span class=\"_ _0\"></span>s </span></span></span></div>\n<div class=\"t m0 x1a h4f yd0a ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and oblig<span class=\"_ _0\"></span>ations ar<span class=\"_ _2b\"></span>e extinguished or ex<span class=\"_ _2b\"></span>pired. Investm<span class=\"_ _0\"></span>ent contr<span class=\"_ _0\"></span>acts can,</div>\n<div class=\"t m0 x1a h4f yd0b ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">however,<span class=\"_ _0\"></span> be reclas<span class=\"_ _2b\"></span>sified as insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>racts aft<span class=\"_ _2b\"></span>er inception if</div>\n<div class=\"t m0 x1a h4f yd0c ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce risk bec<span class=\"_ _2b\"></span>omes significant<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd0d ffd8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd0e ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts, r<span class=\"_ _2b\"></span>einsurance co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> and inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> contr<span class=\"_ _0\"></span>acts</div>\n<div class=\"t m0 x1a h4f yd0f ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">with DP<span class=\"_ _0\"></span>F are acc<span class=\"_ _2b\"></span>ounted for in a<span class=\"_ _0\"></span>ccordan<span class=\"_ _2b\"></span>ce to IFRS 4. I<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ent</div>\n<div class=\"t m0 x1a h4f yd10 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s that do not tr<span class=\"_ _0\"></span>ansfer s<span class=\"_ _0\"></span>ignific<span class=\"_ _2b\"></span>ant insurance <span class=\"_ _2b\"></span>risk are account<span class=\"_ _2b\"></span>ed for</div>\n<div class=\"t m0 x1a h4f yd11 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in accor<span class=\"_ _2b\"></span>dance to IAS 39.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 347px; height: 634px; width: 351px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 314px; height: 792px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffdd fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Lif<span class=\"lse2 wsfa\">e insurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h55 yd13 ffdf fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Future pol<span class=\"_ _2b\"></span>icy benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd14 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For Life ins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s, futur<span class=\"_ _0\"></span>e policy benef<span class=\"_ _2b\"></span>it liabilities are</div>\n<div class=\"t m0 x7 h4f yd15 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">calcul<span class=\"_ _0\"></span>ated usin<span class=\"_ _0\"></span>g a net l<span class=\"_ _0\"></span>evel pre<span class=\"_ _0\"></span>mium met<span class=\"_ _2b\"></span>hod (i.e. pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of fut<span class=\"_ _2b\"></span>ure</div>\n<div class=\"t m0 x7 h4f yd16 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">net cash fl<span class=\"_ _0\"></span>ows) base<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>on act<span class=\"_ _0\"></span>uarial as<span class=\"_ _2b\"></span>sumptions as deter<span class=\"_ _2b\"></span>mined by</div>\n<div class=\"t m0 x7 h4f yc7b ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">histori<span class=\"_ _0\"></span>cal expe<span class=\"lse2 wsfa\">rience and industry <span class=\"_ _2\"></span>standards. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yd17 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yd18 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipating p<span class=\"_ _0\"></span>olicies inc<span class=\"_ _0\"></span>lude any ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>nal liabili<span class=\"_ _0\"></span>ties<span class=\"ls0 ws0\">, </span><span class=\"wsfa\">reflect<span class=\"_ _0\"></span>ing any </span></div>\n<div class=\"t m0 x7 h4f yd19 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>ual dividends or ot<span class=\"_ _2b\"></span>her participati<span class=\"_ _0\"></span>on featu<span class=\"_ _0\"></span>res. For some</div>\n<div class=\"t m0 x7 h4f y8cd ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">designated cont<span class=\"_ _2\"></span>racts, the future policy bene<span class=\"_ _2\"></span>fit liabilities have been<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y8ce ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">remeasured t<span class=\"_ _2\"></span>o r<span class=\"lse0\">eflect c<span class=\"_ _2b\"></span>urrent market<span class=\"_ _0\"></span> intere<span class=\"_ _0\"></span>st rates<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y882 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y883 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">part<span class=\"_ _0\"></span>icipat<span class=\"_ _0\"></span>ing insur<span class=\"_ _0\"></span>ance and i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> are primar<span class=\"_ _0\"></span>ily </span></span></div>\n<div class=\"t m0 x7 h4f y884 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">unit<span class=\"ls0 ws0\">-</span><span class=\"ws103\">link<span class=\"_ _2\"></span>ed contracts where Ageas hold<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">the invest<span class=\"_ _2b\"></span>ments on behalf of </span></span></span></div>\n<div class=\"t m0 x7 h4f y885 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the polic<span class=\"_ _0\"></span>yhold<span class=\"_ _0\"></span>er and m<span class=\"_ _0\"></span>easures t<span class=\"_ _2b\"></span>hose investme<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e. Treas<span class=\"_ _0\"></span>ury</div>\n<div class=\"t m0 x7 h4f y886 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">share<span class=\"lse0 wsf0\">s on behalf of pol<span class=\"_ _0\"></span>icyhol<span class=\"_ _0\"></span>ders are el<span class=\"_ _0\"></span>iminate<span class=\"_ _0\"></span>d. Unit<span class=\"ls0 ws0\">-<span class=\"lse1 ws104\">linked contracts </span></span></span></div>\n<div class=\"t m0 x7 h4f y8cf ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are a specif<span class=\"_ _0\"></span>ic type of Lif<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ins<span class=\"_ _0\"></span>urance cont<span class=\"_ _2b\"></span>racts governe<span class=\"_ _0\"></span>d by Articl<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>25 of</div>\n<div class=\"t m0 x7 h4f y8d0 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EU Direc<span class=\"_ _0\"></span>tive 20<span class=\"_ _2b\"></span>02/83/EC. Th<span class=\"_ _0\"></span>e benefit<span class=\"_ _2b\"></span>s of those cont<span class=\"_ _0\"></span>racts a<span class=\"_ _2b\"></span>re linked to</div>\n<div class=\"t m0 x7 h4f y8d1 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">UCITS (\u2018U<span class=\"_ _2b\"></span>ndertakings for Co<span class=\"_ _2b\"></span>llective Invest<span class=\"_ _2b\"></span>ment in Transfera<span class=\"_ _0\"></span>ble</div>\n<div class=\"t m0 x7 h4f y8d2 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies\u2019), a sh<span class=\"_ _0\"></span>are basket<span class=\"_ _0\"></span> or a referen<span class=\"_ _0\"></span>ce value, o<span class=\"_ _0\"></span>r to a combinat<span class=\"_ _2b\"></span>ion of</div>\n<div class=\"t m0 x7 h4f y8d3 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">these val<span class=\"_ _0\"></span>ues or unit<span class=\"_ _0\"></span>s, as laid dow<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>in the co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>. The liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> of unit<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f yb28 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">linked c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at unit<span class=\"_ _2b\"></span> value (i.e. fai<span class=\"_ _2b\"></span>r value of the f<span class=\"_ _0\"></span>und in</div>\n<div class=\"t m0 x7 h4f yb29 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">which the<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">un<span class=\"_ _2\"></span>it<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linke<span class=\"_ _0\"></span>d contrac<span class=\"_ _0\"></span>ts are i<span class=\"_ _2b\"></span>nvested divid<span class=\"_ _0\"></span>ed by the n<span class=\"_ _0\"></span>umber <span class=\"_ _0\"></span>of </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2a ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">units of t<span class=\"_ _2b\"></span>he fund), wit<span class=\"_ _0\"></span>h chang<span class=\"_ _0\"></span>es in fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he income</div>\n<div class=\"t m0 x7 h4f yb2b ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt. Fair value is nev<span class=\"_ _0\"></span>er less than t<span class=\"_ _0\"></span>he amount<span class=\"_ _0\"></span> payable on</div>\n<div class=\"t m0 x7 h4f yb2c ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">surrend<span class=\"_ _0\"></span>er (if appli<span class=\"_ _2b\"></span>cable), disco<span class=\"_ _0\"></span>unted for th<span class=\"_ _0\"></span>e requir<span class=\"_ _0\"></span>ed notic<span class=\"lse2 wsfa\">e period where </span></div>\n<div class=\"t m0 x7 h4f yb2d ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">applicable.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y962 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y963 ffdd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Certain <span class=\"lse2 wsf1\">contract</span><span class=\"wsfa\">s cont<span class=\"_ _0\"></span>ain fin<span class=\"_ _0\"></span>ancial g<span class=\"_ _2b\"></span>uarantees, w<span class=\"_ _0\"></span>hich are a<span class=\"_ _2b\"></span>lso valued at </span></div>\n<div class=\"t m0 x7 h4f y964 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e and are incl<span class=\"_ _0\"></span>uded in lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s related to u<span class=\"_ _2b\"></span>nit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse1 ws104\">linke<span class=\"_ _0\"></span>d contracts, </span></span></div>\n<div class=\"t m0 x7 h4f y965 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">with the <span class=\"_ _0\"></span>change <span class=\"_ _0\"></span>in the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n the inc<span class=\"_ _2b\"></span>ome stateme<span class=\"_ _0\"></span>nt.</div>\n<div class=\"t m0 x7 h4f y966 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce risk<span class=\"_ _0\"></span>s are tak<span class=\"_ _2b\"></span>en into account<span class=\"_ _2b\"></span> based on the <span class=\"wsef\">act<span class=\"_ _2b\"></span>uarial </span></div>\n<div class=\"t m0 x7 h4f y967 ffdd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">assumpt<span class=\"_ _2b\"></span>ions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 78px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y968 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y969 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deposits and wi<span class=\"_ _2\"></span>thdrawals are recorded direc<span class=\"_ _2\"></span>tly in the statement of</div>\n<div class=\"t m0 x7 h4f y96a ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al posit<span class=\"_ _2b\"></span>ion as adjustm<span class=\"_ _2b\"></span>ents to the liab<span class=\"_ _0\"></span>ility, <span class=\"_ _0\"></span>without <span class=\"_ _0\"></span>affect<span class=\"_ _0\"></span>ing the</div>\n<div class=\"t m0 x7 h4f y96b ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y89c ffdf fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Minimum g<span class=\"_ _2b\"></span>uaranteed retur<span class=\"_ _0\"></span>ns<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89d ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For Life ins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s with <span class=\"lse2 wsfa\">minimum guaranteed<span class=\"_ _2\"></span> returns, the </span></div>\n<div class=\"t m0 x7 h4f y89e ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financ<span class=\"_ _0\"></span>e compon<span class=\"_ _0\"></span>ent is m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at amort<span class=\"_ _2b\"></span>ised cost. Add<span class=\"_ _2b\"></span>itional liabil<span class=\"_ _0\"></span>ities</div>\n<div class=\"t m0 x7 h4f y89f ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">have be<span class=\"_ _0\"></span>en set up t<span class=\"_ _2b\"></span>o reflect expec<span class=\"_ _0\"></span>ted lon<span class=\"_ _0\"></span>g<span class=\"ls0 ws0\">-</span>term int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>es. Th<span class=\"_ _0\"></span>ese</div>\n<div class=\"t m0 x7 h4f y8a0 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">additio<span class=\"_ _2b\"></span>nal liabilitie<span class=\"_ _0\"></span>s are ca<span class=\"_ _0\"></span>lculat<span class=\"_ _0\"></span>ed as the d<span class=\"_ _2b\"></span>ifference bet<span class=\"_ _0\"></span>ween th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y8a1 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value a<span class=\"lse2 ws103\">nd the carrying amount of the guara<span class=\"_ _2\"></span>nteed amounts.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y8a2 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a3 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">D<span class=\"lse0 wsf0\">uring the accu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ion period<span class=\"lsf4 ws0\">, t<span class=\"_ _0\"></span><span class=\"lse2 ws103\">he liabilities rel<span class=\"_ _2\"></span>ating to annuity policie<span class=\"_ _2\"></span>s </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2e ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are equal<span class=\"_ _0\"></span> to accumul<span class=\"_ _0\"></span>ated polic<span class=\"_ _0\"></span>yhold<span class=\"_ _0\"></span>er balanc<span class=\"_ _0\"></span>es. Afte<span class=\"_ _0\"></span>r the accum<span class=\"_ _0\"></span>ulation</div>\n<div class=\"t m0 x7 h4f yb2f ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">period, the li<span class=\"_ _2\"></span>abilities are equal to the<span class=\"_ _2\"></span> present value of<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">expected f<span class=\"_ _0\"></span>uture </span></span></div>\n<div class=\"t m0 x7 h4f yb30 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">payments. Changes<span class=\"_ _2\"></span> in mortality tables tha<span class=\"_ _2\"></span>t occurred in previous years<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yb31 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are fully<span class=\"_ _0\"></span> reflect<span class=\"_ _2b\"></span>ed in these lia<span class=\"_ _2b\"></span>bilities.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y977 ffdf fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Discretionary<span class=\"_ _2\"></span> Participation Fea<span class=\"_ _2\"></span>tures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y978 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Most Life insuran<span class=\"_ _2\"></span>ce or investment contrac<span class=\"_ _2\"></span>ts contain a guaranteed</div>\n<div class=\"t m0 x1a h4f y979 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>. Some of<span class=\"_ _0\"></span> those c<span class=\"_ _2b\"></span>o<span class=\"wsf0\">ntracts may also c<span class=\"_ _0\"></span>ontain a Dis<span class=\"_ _0\"></span>cretion<span class=\"_ _2b\"></span>ary </span></div>\n<div class=\"t m0 x1a h4f y97a ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span>eature (DPF)<span class=\"_ _0\"></span>. This fe<span class=\"_ _2b\"></span>ature entitle<span class=\"_ _0\"></span>s the hol<span class=\"_ _0\"></span>der of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y97b ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> to rec<span class=\"_ _0\"></span>eive, as <span class=\"_ _0\"></span>a supple<span class=\"_ _2b\"></span>ment to guara<span class=\"_ _0\"></span>nteed b<span class=\"_ _0\"></span>enefits,<span class=\"_ _0\"></span> additi<span class=\"_ _0\"></span>onal</div>\n<div class=\"t m0 x1a h4f y97c ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">benefits and<span class=\"_ _2\"></span> bonuses:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97d ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse0 wsfa\">That are likel<span class=\"_ _0\"></span>y to be a s<span class=\"_ _0\"></span>ignific<span class=\"_ _2b\"></span>ant portion of t<span class=\"_ _0\"></span>he t<span class=\"lse2 ws103\">otal contractual </span></span></span></div>\n<div class=\"t m0 x6c h4f yb32 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb33 ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse2 ws103\">W<span class=\"_ _2\"></span>hose amount or timing is cont<span class=\"_ _2\"></span>ractually at the discretion o<span class=\"_ _2\"></span>f Ageas;</span><span class=\"ffdd\"> </span></span></div>\n<div class=\"t m0 x1a h4f yb34 ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse0 wsf0\">That are contract<span class=\"_ _0\"></span>ually bas<span class=\"_ _0\"></span>ed on:<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x6c h4f yb35 ffe2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffe1\"> <span class=\"_ _a\"> </span><span class=\"ffdd lse0 wsf0\">The perf<span class=\"_ _2b\"></span>ormance of a specif<span class=\"_ _0\"></span>ied pool o<span class=\"_ _0\"></span>f contract<span class=\"_ _0\"></span>s or a specif<span class=\"_ _0\"></span>ied </span></span></div>\n<div class=\"t m0 x1e6 h4f yb36 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">type of c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yb37 ffe2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffe1\"> <span class=\"_ _a\"> </span><span class=\"ffdd lse0 wsfa\">Realis<span class=\"_ _2b\"></span>ed and/or un<span class=\"_ _0\"></span>realise<span class=\"_ _0\"></span>d invest<span class=\"_ _0\"></span>ment ret<span class=\"_ _0\"></span>urns <span class=\"wsf0\">on a sp<span class=\"_ _0\"></span>ecifie<span class=\"_ _0\"></span>d </span></span></span></div>\n<div class=\"t m0 x1e6 h4f yb38 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">pool of asse<span class=\"_ _2\"></span>ts held by Ageas;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yb39 ffe2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffe1\"> <span class=\"_ _a\"> </span><span class=\"ffdd lse0 wsf0\">The prof<span class=\"_ _2b\"></span>it or loss of Ageas, fun<span class=\"_ _0\"></span>d or other ent<span class=\"_ _0\"></span>ity that iss<span class=\"_ _2b\"></span>ued the </span></span></div>\n<div class=\"t m0 x1e6 h4f yb3a ffdd fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">contract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3b ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb3c ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For Life i<span class=\"_ _2b\"></span>nsurance cont<span class=\"_ _0\"></span>racts a<span class=\"_ _0\"></span>nd inve<span class=\"_ _0\"></span>stment c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s with D<span class=\"_ _0\"></span>PF, curr<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f yb3d ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy<span class=\"_ _0\"></span>holder ben<span class=\"_ _0\"></span>efits are ac<span class=\"_ _2b\"></span>crued based on the co<span class=\"_ _0\"></span>ntract<span class=\"_ _2b\"></span>ual amo<span class=\"lse2 ws103\">unt due </span></div>\n<div class=\"t m0 x1a h4f yb3e ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on st<span class=\"_ _0\"></span>atutory net<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome, rest<span class=\"_ _0\"></span>rictions<span class=\"_ _0\"></span> and payme<span class=\"_ _0\"></span>nt terms. Th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f yb3f ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">DPF component con<span class=\"_ _2\"></span>cerns a conditional promise<span class=\"_ _2\"></span> related to unrealised</div>\n<div class=\"t m0 x1a h4f yb40 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses. Th<span class=\"_ _0\"></span>is promis<span class=\"_ _0\"></span>e remains t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e part of the un<span class=\"_ _0\"></span>realise<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x1a h4f yb41 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses as<span class=\"_ _0\"></span> included in e<span class=\"_ _0\"></span>quity. On<span class=\"lse2 ws103\">ce the promise becomes </span></div>\n<div class=\"t m0 x1a h4f yb42 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unconditional<span class=\"_ _2\"></span>, the related amoun<span class=\"_ _2\"></span>t is transferred<span class=\"_ _2\"></span> to \u2018Liabilities ar<span class=\"_ _2\"></span>ising</div>\n<div class=\"t m0 x1a h4f yb43 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from Life<span class=\"_ _2\"></span> insurance contra<span class=\"_ _2\"></span>cts\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb44 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb45 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment cont<span class=\"_ _0\"></span>racts wi<span class=\"_ _0\"></span>thout D<span class=\"_ _2b\"></span>PF are initially<span class=\"_ _0\"></span> recog<span class=\"_ _0\"></span>nised at f<span class=\"_ _2b\"></span>air value</div>\n<div class=\"t m0 x1a h4f yb46 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are subs<span class=\"_ _2b\"></span>equently measur<span class=\"_ _2b\"></span>ed at amortised cos<span class=\"_ _0\"></span>t and rep<span class=\"lse2 ws103\">orted as a </span></div>\n<div class=\"t m0 x1a h4f yb47 ffdd fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">deposit lia<span class=\"_ _2\"></span>bility. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 ycc2 ffdf fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Embedd<span class=\"_ _0\"></span>ed derivat<span class=\"_ _2b\"></span>ives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc3 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Embedd<span class=\"_ _0\"></span>ed derivat<span class=\"_ _2b\"></span>ives not closely re<span class=\"_ _0\"></span>lated to th<span class=\"_ _0\"></span>e host cont<span class=\"_ _0\"></span>racts are</div>\n<div class=\"t m0 x1a h4f ycc4 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separated from<span class=\"_ _2\"></span> the host contracts and measured<span class=\"_ _2\"></span> at fair value through</div>\n<div class=\"t m0 x1a h4f ycc5 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">profit or lo<span class=\"_ _0\"></span>ss. Actu<span class=\"_ _0\"></span>arial ass<span class=\"_ _0\"></span>umption<span class=\"_ _0\"></span>s are revi<span class=\"_ _0\"></span>sed at each<span class=\"_ _0\"></span> reportin<span class=\"_ _0\"></span>g <span class=\"wsef\">date </span></div>\n<div class=\"t m0 x1a h4f ycc6 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with the res<span class=\"_ _2b\"></span>ulting impact rec<span class=\"_ _2b\"></span>ognised in the incom<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y9c9 ffdf fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Unbundling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9ca ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The depos<span class=\"_ _2b\"></span>it <span class=\"_ _2\"></span>com<span class=\"_ _2b\"></span>ponent of an insura<span class=\"_ _2b\"></span>nce contract is unb<span class=\"_ _0\"></span>undled w<span class=\"_ _0\"></span>hen</div>\n<div class=\"t m0 x1a h4f y9cb ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">both of the fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g conditi<span class=\"_ _0\"></span>ons are met<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cc ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse0 wsf0\">The deposit comp<span class=\"_ _0\"></span>onent (inc<span class=\"_ _2b\"></span>luding any embed<span class=\"_ _0\"></span>ded surr<span class=\"_ _0\"></span>ender </span></span></div>\n<div class=\"t m0 x6c h4f y9cd ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">options<span class=\"_ _0\"></span>) can be meas<span class=\"_ _2b\"></span>ured separately (i.<span class=\"_ _2b\"></span>e. without taking i<span class=\"_ _0\"></span>nto</div>\n<div class=\"t m0 x6c h4f y9ce ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account t<span class=\"_ _2b\"></span>he insuranc<span class=\"_ _0\"></span>e compon<span class=\"_ _0\"></span>ent)<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f y9cf ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas's <span class=\"wsfa\">accounting <span class=\"_ _2\"></span>policies do not<span class=\"_ _2\"></span> otherwise require <span class=\"_ _2\"></span>the recognition </span></span></span></div>\n<div class=\"t m0 x6c h4f y9d0 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of all obl<span class=\"_ _2\"></span>igations and righ<span class=\"_ _2\"></span>ts arising from t<span class=\"_ _2\"></span>he deposit componen<span class=\"_ _2\"></span>t.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9d1 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d2 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Currently, <span class=\"lse0 wsf0\">Ageas has recogni<span class=\"_ _0\"></span>sed all right<span class=\"_ _2b\"></span>s and obligation<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>rel<span class=\"_ _0\"></span>ated to </span></div>\n<div class=\"t m0 x1a h4f y9d3 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">issued insuran<span class=\"_ _2\"></span>ce contracts according to i<span class=\"_ _2\"></span>ts accounting policies. As a</div>\n<div class=\"t m0 x1a h4f y9d4 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">result, Agea<span class=\"_ _2\"></span>s has not recogni<span class=\"_ _2\"></span>sed an unbundled<span class=\"_ _2\"></span> deposit component i<span class=\"_ _2\"></span>n</div>\n<div class=\"t m0 x1a h4f y9d5 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect of<span class=\"_ _0\"></span> its insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffe3 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life insuranc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> </span></span></span></div>\n\n<div class=\"t m0 x7 h55 yd13 ffe5 fs3a fc1f sc0 ls102 ws11d\" style=\"z-index: 15;\">Claims<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd14 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Claims a<span class=\"_ _0\"></span>nd claim adj<span class=\"_ _0\"></span>ustment<span class=\"_ _0\"></span> expense<span class=\"_ _0\"></span>s are charge<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x7 h4f yd15 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt as incurred. Unpa<span class=\"_ _0\"></span>id claims an<span class=\"_ _0\"></span>d claim adj<span class=\"_ _2b\"></span>ustment expenses<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yd16 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es for report<span class=\"_ _2b\"></span>ed claims and provis<span class=\"_ _2b\"></span>ions for claims inc<span class=\"_ _0\"></span><span class=\"lse2 wsf1\">urred </span></div>\n<div class=\"t m0 x7 h4f yc7b ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">but not <span class=\"_ _0\"></span>reporte<span class=\"_ _0\"></span>d. The est<span class=\"_ _2b\"></span>imates for cl<span class=\"_ _0\"></span>aims inc<span class=\"_ _0\"></span>urred b<span class=\"_ _0\"></span>ut not re<span class=\"_ _0\"></span>ported <span class=\"_ _0\"></span>are</div>\n<div class=\"t m0 x7 h4f yd17 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">based on experienc<span class=\"_ _2\"></span>e, current claim trends<span class=\"_ _2\"></span> and the prevailing social,</div>\n<div class=\"t m0 x7 h4f yd18 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">economic and leg<span class=\"_ _2\"></span>al environments. The liabi<span class=\"_ _2\"></span>lity for Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life insura<span class=\"_ _0\"></span>nce </span></span></div>\n<div class=\"t m0 x7 h4f yd19 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">claims <span class=\"_ _0\"></span>and clai<span class=\"_ _0\"></span>m adjust<span class=\"_ _0\"></span>ment ex<span class=\"_ _0\"></span>penses i<span class=\"wsf0\">s<span class=\"_ _0\"></span> based on est<span class=\"_ _0\"></span>imates of </span></div>\n<div class=\"t m0 x7 h4f y8cd ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d losses (a<span class=\"_ _0\"></span>fter taki<span class=\"_ _0\"></span>ng into acc<span class=\"_ _0\"></span>ount reimb<span class=\"_ _2b\"></span>ursements, rec<span class=\"_ _0\"></span>overies<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y8ce ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">salvage and<span class=\"_ _2\"></span> subrogation), ref<span class=\"_ _2\"></span>lecting management\u2019s<span class=\"_ _2\"></span> judgement on</div>\n<div class=\"t m0 x7 h4f y882 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">anticip<span class=\"_ _0\"></span>ated lev<span class=\"_ _2b\"></span>els of inflatio<span class=\"_ _2b\"></span>n, claim handl<span class=\"_ _0\"></span>ing costs<span class=\"_ _0\"></span>, lega<span class=\"_ _0\"></span>l risks <span class=\"_ _0\"></span>and</div>\n<div class=\"t m0 x7 h4f y883 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">trends in co<span class=\"_ _0\"></span>mpensat<span class=\"_ _0\"></span>ory dama<span class=\"_ _0\"></span><span class=\"lse2 wsfa\">ge awards.<span class=\"_ _2\"></span> Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life liab<span class=\"_ _0\"></span>ilities f<span class=\"_ _0\"></span>or workers<span class=\"_ _2b\"></span>\u2019 </span></span></span></div>\n<div class=\"t m0 x7 h4f y884 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compensation bu<span class=\"_ _2\"></span>siness are presented at their<span class=\"_ _2\"></span> net present value. The</div>\n<div class=\"t m0 x7 h4f y885 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies establish<span class=\"_ _0\"></span>ed are a<span class=\"_ _0\"></span>dequat<span class=\"_ _0\"></span>e to cov<span class=\"_ _0\"></span>er the ult<span class=\"_ _2b\"></span>imate cost of c<span class=\"_ _0\"></span>laims</div>\n<div class=\"t m0 x7 h4f y886 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and claim ad<span class=\"_ _2b\"></span>justment expens<span class=\"_ _2b\"></span>es. Resulting adjus<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s are recor<span class=\"_ _0\"></span>ded in</div>\n<div class=\"t m0 x7 h4f y8cf ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement. <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d0 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d1 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not disco<span class=\"_ _2b\"></span>unt its liabiliti<span class=\"_ _0\"></span>es for claims<span class=\"_ _0\"></span> other tha<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>cla<span class=\"_ _0\"></span>ims with</div>\n<div class=\"t m0 x7 h4f y8d2 ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">determinable<span class=\"_ _2\"></span> and period payment<span class=\"_ _2\"></span> terms.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 772px; height: 298px; width: 347px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h55 y88b ffe5 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Liability <span class=\"_ _2\"></span>Adequacy Test<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88c ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas perf<span class=\"_ _2b\"></span>orms <span class=\"wsef\">a <span class=\"wsfa\">Liability Ad<span class=\"_ _2b\"></span>equacy Tests (<span class=\"_ _2b\"></span>LAT) at each re<span class=\"_ _0\"></span>porting </span></span></div>\n<div class=\"t m0 x7 h4f y88d ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">period t<span class=\"_ _0\"></span>o ensur<span class=\"_ _0\"></span>e that t<span class=\"_ _2b\"></span>he rep<span class=\"wsf0\">orted ins<span class=\"_ _0\"></span>urance li<span class=\"_ _0\"></span>abilities<span class=\"_ _0\"></span> are adequ<span class=\"_ _0\"></span>ate.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88e ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y88f ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A separ<span class=\"_ _0\"></span>ate test<span class=\"_ _0\"></span> is perfo<span class=\"_ _2b\"></span>rmed for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y890 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 ls106 ws10c\">Life liabilities and h<span class=\"_ _0\"></span>ealth simil<span class=\"_ _0\"></span>ar<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">life liabilities, in<span class=\"_ _2\"></span>cluding annuities </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y891 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">stemming from<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-<span class=\"ls106 ws124\">life <span class=\"ls102 ws11d\">liabili<span class=\"_ _2\"></span>ties<span class=\"lsf4 ws10c\">; </span></span></span> </span></span></div>\n<div class=\"t m0 x7 h4f y892 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsf0\">(Unearned) pre<span class=\"_ _0\"></span>mium res<span class=\"_ _0\"></span>erves stem<span class=\"_ _2b\"></span>ming from <span class=\"ls0 ws0\">N</span><span class=\"wsef\">on<span class=\"ls0 ws0\">-<span class=\"ls106 ws124\">life <span class=\"ls102 ws11d\">liabil<span class=\"_ _2\"></span>ities</span></span> </span>and </span></span></span></div>\n<div class=\"t m0 x43 h4f y893 ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">health non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls102 ws11d\">similar</span>-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"ls106 ws124\">life <span class=\"ls102 ws11d\">liabilitie<span class=\"_ _2\"></span>s;</span></span> </span><span class=\"wsf1\">and<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y894 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsfa\">Claim provis<span class=\"_ _0\"></span>ions stem<span class=\"_ _0\"></span>ming fro<span class=\"_ _2b\"></span>m <span class=\"ls0 ws0\">N<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">on</span>-<span class=\"ls102 ws11d\">life l<span class=\"_ _2\"></span>iabilities</span> </span><span class=\"wsf0\">and health non<span class=\"ls0 ws0\">-</span></span></span></span></div>\n<div class=\"t m0 x43 h4f y895 ffe3 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">similar<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"lsfc ws115\">li<span class=\"_ _2\"></span>fe </span></span>liabilit<span class=\"_ _0\"></span>ies<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y896 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y897 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For the purp<span class=\"_ _2b\"></span>ose of these LAT<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">tests</span></span>, Ageas conside<span class=\"_ _0\"></span>rs a best est<span class=\"_ _0\"></span>imate</div>\n<div class=\"t m0 x7 h4f y898 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on, bei<span class=\"_ _0\"></span>ng the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of al<span class=\"_ _0\"></span>l contr<span class=\"_ _0\"></span>actual c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws, incl<span class=\"_ _0\"></span>uding</div>\n<div class=\"t m0 x7 h4f y899 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related c<span class=\"_ _0\"></span>ash flows s<span class=\"_ _0\"></span>uch as comm<span class=\"_ _0\"></span>issions an<span class=\"_ _0\"></span>d expense<span class=\"_ _2b\"></span>s. The contract</div>\n<div class=\"t m0 x7 h4f y89a ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">boundaries o<span class=\"_ _2\"></span>f Solvency II are applied, but are<span class=\"_ _2\"></span> limited in <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life to the </span></span></span></div>\n<div class=\"t m0 x7 h4f y89b ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ones in sc<span class=\"_ _2b\"></span>ope of the IFR<span class=\"_ _2b\"></span>S reserves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89c ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y89d ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">For <span class=\"ls0 ws0\">L<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">ife ins<span class=\"_ _2b\"></span>urance liabil<span class=\"_ _0\"></span>ities (an<span class=\"_ _0\"></span>d health si<span class=\"_ _0\"></span>mil<span class=\"lse2 wsf1\">ar<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"ls102 ws115\">life liabilitie<span class=\"_ _2\"></span>s including </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y89e ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">annuities stemmi<span class=\"_ _2\"></span>ng from <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-</span></span>li<span class=\"_ _2\"></span>fe), the LAT also includes ca<span class=\"_ _2\"></span>sh flows</div>\n<div class=\"t m0 x7 h4f y89f ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">resulting <span class=\"_ _2\"></span>from embedded option<span class=\"_ _2\"></span>s and guarantees a<span class=\"_ _2\"></span>nd investment</div>\n<div class=\"t m0 x7 h4f y8a0 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income.<span class=\"_ _0\"></span> Invest<span class=\"_ _0\"></span>ment in<span class=\"_ _0\"></span>come is <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>ned usin<span class=\"_ _0\"></span>g the c<span class=\"_ _0\"></span>urrent b<span class=\"_ _0\"></span>ook yiel<span class=\"_ _2b\"></span>d of</div>\n<div class=\"t m0 x7 h4f y8a1 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the exist<span class=\"_ _0\"></span>ing portf<span class=\"_ _0\"></span>olio, base<span class=\"_ _2b\"></span>d on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e assumpt<span class=\"_ _0\"></span>ion that re<span class=\"_ _0\"></span>invest<span class=\"_ _0\"></span>ments aft<span class=\"_ _0\"></span>er</div>\n<div class=\"t m0 x7 h4f y8a2 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the mat<span class=\"_ _0\"></span>urity of t<span class=\"_ _2b\"></span>he financial ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nts will t<span class=\"_ _2b\"></span>ake place at<span class=\"_ _0\"></span> a risk<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">free rat<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y8a3 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowin<span class=\"_ _0\"></span>g a company<span class=\"_ _0\"></span> specific vo<span class=\"_ _0\"></span>latilit<span class=\"_ _0\"></span>y adjust<span class=\"_ _0\"></span>ment base<span class=\"_ _0\"></span>d on EIOPA</div>\n<div class=\"t m0 x7 h4f yb2e ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy. For direct inv<span class=\"_ _0\"></span>estment<span class=\"_ _2b\"></span>s in real estate, the a<span class=\"_ _0\"></span>ctua<span class=\"lse2 wsfa\">l rental </span></div>\n<div class=\"t m0 x7 h4f yb2f ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income u<span class=\"_ _2b\"></span>p to the next co<span class=\"_ _0\"></span>ntractu<span class=\"_ _2b\"></span>al renewal pe<span class=\"_ _0\"></span>riod is t<span class=\"_ _0\"></span>aken int<span class=\"_ _2b\"></span>o account.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb30 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8d8 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">For <span class=\"ls0 ws0\">N</span>on<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"ls106 ws124\">life</span> </span><span class=\"ws103\">insurance liabilit<span class=\"_ _2\"></span>ies<span class=\"lse0 wsf0\">, the p<span class=\"_ _0\"></span>resent va<span class=\"_ _0\"></span>lue of all cas<span class=\"_ _0\"></span>h flows is </span></span></div>\n<div class=\"t m0 x1a h4f y8d9 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned using a risk<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">free discoun<span class=\"_ _2\"></span>t rate allowing a<span class=\"_ _2\"></span> company specific </span></span></div>\n<div class=\"t m0 x1a h4f y9bc ffe3 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">volatili<span class=\"_ _2\"></span>ty <span class=\"lse2 wsfa\">adjustment ba<span class=\"_ _2\"></span>sed on EIOPA me<span class=\"_ _2\"></span>thodology (after the<span class=\"_ _2\"></span> last liquid </span></div>\n<div class=\"t m0 x1a h4f y9bd ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">point, the s<span class=\"_ _0\"></span>o<span class=\"ls0 ws0\">-</span>called Ult<span class=\"_ _0\"></span>imate For<span class=\"_ _0\"></span>ward Rate ex<span class=\"_ _0\"></span>trapol<span class=\"_ _0\"></span>ation is ap<span class=\"_ _0\"></span>plied).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9be ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9bf ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Any shortf<span class=\"_ _2b\"></span>all in the LAT is recog<span class=\"_ _0\"></span>nised imm<span class=\"_ _0\"></span>ediately i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the i<span class=\"_ _0\"></span>ncome</div>\n<div class=\"t m0 x1a h4f y9c0 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt, either as a DAC or VOB<span class=\"_ _2b\"></span>A <span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>impai<span class=\"_ _0\"></span>rment or as a<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">loss </span></div>\n<div class=\"t m0 x1a h4f y9c1 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion. If, in a s<span class=\"_ _0\"></span>ubsequ<span class=\"_ _0\"></span>ent peri<span class=\"_ _0\"></span>od, th<span class=\"_ _0\"></span>e shortf<span class=\"_ _0\"></span>all decr<span class=\"_ _0\"></span>eases, t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y97e ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">decreas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in sh<span class=\"_ _0\"></span>ortfall is re<span class=\"_ _0\"></span>verse<span class=\"_ _0\"></span>d through pr<span class=\"_ _0\"></span>ofit or loss. A s<span class=\"_ _0\"></span>hortfal<span class=\"_ _0\"></span>l is</div>\n<div class=\"t m0 x1a h4f y97f ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">defined as<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y980 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsf0\">A negative net pre<span class=\"_ _0\"></span>sent valu<span class=\"_ _0\"></span>e of the futur<span class=\"_ _0\"></span>e margin fo<span class=\"_ _0\"></span>r <span class=\"ls0 ws0\">L<span class=\"lsfc ws115\">ife<span class=\"_ _2\"></span> </span></span><span class=\"lse1\">contracts<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y981 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and healt<span class=\"_ _0\"></span>h similar<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"ls106 ws124\">life <span class=\"lse2 wsf1\">contracts<span class=\"lse0 wsfa\">, includi<span class=\"_ _0\"></span>ng annuit<span class=\"_ _2b\"></span>ies stemming </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y982 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">from <span class=\"ls0 ws0\">N<span class=\"_ _2\"></span></span>on<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">life </span></span>con<span class=\"_ _2\"></span>tracts;<span class=\"ls0 ws0\"> </span>and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y983 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsfa\">The positive d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce betw<span class=\"_ _0\"></span>een the <span class=\"_ _0\"></span>net pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of the c<span class=\"_ _0\"></span>ash </span></span></div>\n<div class=\"t m0 x6c h4f y984 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flows and the corres<span class=\"_ _2\"></span>ponding IFRS reserves for<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">life <span class=\"lse0 wsef\">contracts</span></span> </span></span></div>\n<div class=\"t m0 x6c h4f y9c2 ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and health <span class=\"_ _2\"></span>non<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">similar</span>-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">to</span>-<span class=\"ls102 ws11d\">life<span class=\"_ _2\"></span> </span></span><span class=\"wsf1\">contracts<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f y9c3 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c4 ffe3 fs3a fc14 sc0 lsf3 wsf1\" style=\"z-index: 15;\">The LAT tests<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">take into acc<span class=\"_ _2b\"></span>ount the effect of re<span class=\"_ _2b\"></span>insurance and <span class=\"lse2 wsf1\">include, </span></span></span></div>\n<div class=\"t m0 x1a h4f y9c5 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for direct i<span class=\"_ _2b\"></span>nvestments in rea<span class=\"_ _0\"></span>l <span class=\"wsef\">estate,<span class=\"_ _0\"></span> <span class=\"wsf0\">the actual<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">re<span class=\"_ _0\"></span>ntal inc<span class=\"_ _0\"></span>ome up to t<span class=\"_ _2b\"></span>he </span></span></span></div>\n<div class=\"t m0 x1a h4f y9c6 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">next cont<span class=\"_ _0\"></span>ractual r<span class=\"_ _2b\"></span>enewal period. L<span class=\"_ _0\"></span>AT tests are d<span class=\"_ _0\"></span>etermin<span class=\"_ _0\"></span>ed a<span class=\"lse2 wsfa\">t legal entit<span class=\"_ _2\"></span>y </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffe3 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">level. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycb9 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycba ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If a subsidiar<span class=\"_ _2\"></span>y\u2019s local LAT requirements <span class=\"wsfa\">ar<span class=\"_ _2\"></span>e stricter tha<span class=\"ls0 ws0\">n<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">the ones<span class=\"_ _0\"></span> above, </span></span></span></div>\n<div class=\"t m0 x1a h4f ycbb ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">local en<span class=\"_ _2\"></span>tities apply the lo<span class=\"_ _2\"></span>cal requirements.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y98e ffe5 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Shadow accoun<span class=\"_ _2\"></span>ting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98f ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In some of <span class=\"lse2 wsf1\">Ageas's </span>business<span class=\"_ _0\"></span>es, the real<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of gains and l<span class=\"_ _0\"></span>osses has a</div>\n<div class=\"t m0 x1a h4f y990 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">direct impact on<span class=\"_ _2\"></span> the measurement of the insuran<span class=\"_ _2\"></span>ce liabilities and rela<span class=\"_ _2\"></span>ted</div>\n<div class=\"t m0 x1a h4f y991 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deferre<span class=\"_ _0\"></span>d acquis<span class=\"_ _0\"></span>ition costs<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y992 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y993 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In some of the<span class=\"_ _0\"></span>se busines<span class=\"_ _0\"></span>ses, Ag<span class=\"_ _0\"></span>eas appli<span class=\"_ _0\"></span>es \u2018shad<span class=\"_ _0\"></span>ow account<span class=\"_ _0\"></span>ing\u2019 to the</div>\n<div class=\"t m0 x1a h4f y994 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes in f<span class=\"_ _0\"></span>air value of<span class=\"_ _0\"></span> ava<span class=\"ls102 ws11d\">ilable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for<span class=\"_ _2\"></span></span>-</span></span>sale inves<span class=\"_ _0\"></span>tments a<span class=\"_ _2b\"></span>nd of assets and</div>\n<div class=\"t m0 x1a h4f y995 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies that affect<span class=\"_ _2b\"></span> the measurem<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he insur<span class=\"_ _0\"></span>ance lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x1a h4f y996 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Shadow acc<span class=\"_ _2b\"></span>ounting means t<span class=\"_ _0\"></span>hat unreal<span class=\"_ _0\"></span>ised gains<span class=\"_ _0\"></span> or losses<span class=\"_ _0\"></span> on the</div>\n<div class=\"t m0 x1a h4f y997 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-<span class=\"lse0 wsf0\">sale financi<span class=\"_ _0\"></span>al assets, w<span class=\"_ _2b\"></span>hich are recognise<span class=\"_ _2b\"></span>d in <span class=\"lse2 wsf1\">ot<span class=\"_ _2\"></span>her </span></span></span></div>\n<div class=\"t m0 x1a h4f y9c8 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">comprehens<span class=\"lse0 wsfa\">ive income<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">wit<span class=\"_ _0\"></span>hout affec<span class=\"_ _0\"></span>ting the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span>, affect </span></span></div>\n<div class=\"t m0 x1a h4f y9c9 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the measu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span> the insura<span class=\"_ _2b\"></span>nce liabilities (o<span class=\"_ _0\"></span>r deferre<span class=\"_ _0\"></span>d acquisit<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y9ca ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">costs or val<span class=\"_ _0\"></span>ue of busin<span class=\"_ _0\"></span>ess acqui<span class=\"_ _0\"></span>red) in the sa<span class=\"_ _2b\"></span>me way as realised ga<span class=\"_ _0\"></span>ins</div>\n<div class=\"t m0 x1a h4f y9cb ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or losses wo<span class=\"_ _2b\"></span>uld do. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cc ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9cd ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As part of sh<span class=\"_ _0\"></span>adow acco<span class=\"_ _2b\"></span>unting, some <span class=\"lsf4 ws10c\">of <span class=\"lse2 wsf1\">Ageas's </span></span>businesses ext<span class=\"_ _2b\"></span>end <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y9ce ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">standard LAT wit<span class=\"_ _2\"></span>h a shadow LAT test. Under<span class=\"_ _2\"></span> the shadow LAT test, the</div>\n<div class=\"t m0 x1a h4f y9cf ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of u<span class=\"_ _0\"></span>nrealis<span class=\"_ _0\"></span>ed capita<span class=\"_ _0\"></span>l gains, re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d in other com<span class=\"_ _0\"></span>prehens<span class=\"_ _0\"></span>ive</div>\n<div class=\"t m0 x1a h4f y9d0 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income,<span class=\"_ _0\"></span> in excess of t<span class=\"_ _0\"></span>he surplus r<span class=\"_ _0\"></span>esultin<span class=\"_ _0\"></span>g from the st<span class=\"_ _0\"></span>andard LAT<span class=\"_ _0\"></span>, is</div>\n<div class=\"t m0 x1a h4f y9d1 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as a <span class=\"lse2 ws103\">shadow liability.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9d2 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d3 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The remai<span class=\"_ _0\"></span>ning unr<span class=\"_ _0\"></span>ealised ch<span class=\"_ _2b\"></span>anges in fair value of<span class=\"_ _0\"></span> the avail<span class=\"_ _0\"></span>able<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span><span class=\"lsfb wsfa\">sale </span></span></div>\n<div class=\"t m0 x1a h4f y9d4 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets (af<span class=\"_ _2b\"></span>ter applicatio<span class=\"_ _0\"></span>n of shadow ac<span class=\"_ _2b\"></span>counting), that<span class=\"_ _0\"></span> are</div>\n<div class=\"t m0 x1a h4f y9d5 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subject t<span class=\"_ _0\"></span>o discret<span class=\"_ _0\"></span>ionary par<span class=\"_ _0\"></span>ticipat<span class=\"_ _2b\"></span>ion features, are cl<span class=\"_ _2b\"></span>assified as a</div>\n<div class=\"t m0 x1a h4f y9d6 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separate componen<span class=\"_ _2\"></span>t of equit<span class=\"lsf4 ws10c\">y. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 314px; height: 792px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 314px; height: 792px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An additi<span class=\"_ _0\"></span>onal Def<span class=\"_ _0\"></span>erred Prof<span class=\"_ _0\"></span>it sharing L<span class=\"_ _2b\"></span>iability (DPL) is acc<span class=\"_ _2b\"></span>rued based on</div>\n<div class=\"t m0 x7 h4f y803 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">a construct<span class=\"_ _2b\"></span>ive obligation o<span class=\"_ _0\"></span>r on the amou<span class=\"_ _0\"></span>nt legally<span class=\"_ _0\"></span> or contract<span class=\"_ _2b\"></span>ually</div>\n<div class=\"t m0 x7 h4f y804 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ed to be pa<span class=\"_ _2b\"></span>id on differe<span class=\"_ _0\"></span>nces bet<span class=\"_ _0\"></span>ween st<span class=\"_ _0\"></span>atutory <span class=\"_ _0\"></span>and IFR<span class=\"_ _0\"></span>S income</div>\n<div class=\"t m0 x7 h4f y805 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and unreal<span class=\"_ _2b\"></span>ised gains or loss<span class=\"_ _0\"></span>es record<span class=\"_ _2b\"></span>ed in equity.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 yd16 ffea fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7b ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The accou<span class=\"_ _0\"></span>nting tr<span class=\"_ _0\"></span>eatment<span class=\"_ _0\"></span> of reinsur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts de<span class=\"_ _2b\"></span>pends on whether</div>\n<div class=\"t m0 x7 h4f yd17 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk is transferred w<span class=\"_ _2\"></span>ithin the contract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd18 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yd19 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Reinsurance con<span class=\"_ _2\"></span>tracts that transfer signi<span class=\"_ _2\"></span>ficant insurance risk are</div>\n<div class=\"t m0 x7 h4f y8cd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for acco<span class=\"_ _0\"></span>rding <span class=\"lsfc ws115\">to <span class=\"lse2 wsfa\">insurance c<span class=\"_ _2\"></span>ontracts. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y8ce ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y882 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Reinsur<span class=\"_ _2b\"></span>ance contracts<span class=\"_ _0\"></span> that do <span class=\"_ _2b\"></span>not transfer si<span class=\"_ _2b\"></span>gnificant ins<span class=\"_ _0\"></span>urance r<span class=\"_ _0\"></span>isk are</div>\n<div class=\"t m0 x7 h4f y883 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for usi<span class=\"_ _0\"></span>ng the depos<span class=\"_ _0\"></span>it method a<span class=\"_ _0\"></span>nd are incl<span class=\"_ _0\"></span>uded in loa<span class=\"_ _0\"></span>ns or</div>\n<div class=\"t m0 x7 h4f y884 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ings as a finan<span class=\"_ _0\"></span>cial asset<span class=\"_ _0\"></span> or liabil<span class=\"_ _0\"></span>ity. Such f<span class=\"_ _0\"></span>inancia<span class=\"_ _0\"></span>l asset or</div>\n<div class=\"t m0 x7 h4f y885 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y is recog<span class=\"_ _0\"></span>nised bas<span class=\"_ _0\"></span>ed on the co<span class=\"_ _0\"></span>nsiderat<span class=\"_ _2b\"></span>ion paid or receiv<span class=\"_ _0\"></span>ed less</div>\n<div class=\"t m0 x7 h4f y886 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any expli<span class=\"_ _0\"></span>citly ide<span class=\"_ _0\"></span>ntified pr<span class=\"_ _0\"></span>emiums or f<span class=\"_ _0\"></span>ees to be reta<span class=\"_ _2b\"></span>ined by the</div>\n<div class=\"t m0 x7 h4f y8cf ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ed. Amount<span class=\"_ _2b\"></span>s received or paid un<span class=\"_ _0\"></span>der these c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s are</div>\n<div class=\"t m0 x7 h4f y8d0 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for as <span class=\"_ _2b\"></span>deposits usin<span class=\"_ _0\"></span>g the eff<span class=\"_ _0\"></span>ective i<span class=\"_ _2b\"></span>nte<span class=\"lse2\">rest<span class=\"_ _2\"></span> method. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d2 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deposits from rei<span class=\"_ _2\"></span>nsurers under ceded rei<span class=\"_ _2\"></span>nsurance<span class=\"ls0 ws0\">, <span class=\"lse0 wsfa\">that transf<span class=\"_ _0\"></span>er </span></span></div>\n<div class=\"t m0 x7 h4f y8d3 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">equa<span class=\"_ _0\"></span>l the amount<span class=\"_ _0\"></span> due at the date<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of the </span></span></div>\n<div class=\"t m0 x7 h4f yb28 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb29 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2a ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Liabilit<span class=\"_ _2b\"></span>ies relating t<span class=\"_ _2b\"></span>o ceded reins<span class=\"_ _0\"></span>urance b<span class=\"_ _0\"></span>usiness<span class=\"_ _0\"></span><span class=\"ls0 ws0\">, <span class=\"lse0 wsfa\">that do not t<span class=\"_ _0\"></span>ransfer </span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>may be considere<span class=\"_ _2\"></span>d to be financi<span class=\"_ _2\"></span>al liabilities</div>\n<div class=\"t m0 x7 h4f yb2c ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies are <span class=\"_ _0\"></span>account<span class=\"_ _2b\"></span>ed for in the sa<span class=\"_ _0\"></span>me way as <span class=\"_ _2b\"></span>other financia<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x7 h4f yb2d ffe8 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>ies.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 361px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 445px; width: 349px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y892 ffe8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.12<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span>Debt <span class=\"_ _2\"></span><span class=\"lsfb wsfa\">certifi<span class=\"_ _2\"></span>cates<span class=\"lse2\">, subord<span class=\"_ _2\"></span>inated liabilities<span class=\"_ _2\"></span> and other borrowin<span class=\"_ _2\"></span>gs<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y893 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Debt certi<span class=\"_ _2\"></span>ficates, subordinated<span class=\"_ _2\"></span> liabilities and o<span class=\"_ _2\"></span>ther borrowings are<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y894 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">initiall<span class=\"_ _0\"></span>y recog<span class=\"_ _0\"></span>nised at<span class=\"_ _0\"></span> fair val<span class=\"_ _2b\"></span>ue including d<span class=\"_ _0\"></span>irect t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ion cost<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y895 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">incurred. Su<span class=\"_ _2\"></span>bsequently, they are<span class=\"_ _2\"></span> measured at amor<span class=\"_ _2\"></span>tised cost, and <span class=\"_ _2\"></span>any</div>\n<div class=\"t m0 x7 h4f y896 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">difference be<span class=\"_ _2\"></span>tween net proceed<span class=\"_ _2\"></span>s and the redempti<span class=\"lse0 wsf0\">on value is </span></div>\n<div class=\"t m0 x7 h4f y897 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent over the p<span class=\"_ _0\"></span>eriod of t<span class=\"_ _2b\"></span>he borrowing<span class=\"ls0 ws0\">, </span></div>\n<div class=\"t m0 x7 h4f y898 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using the eff<span class=\"_ _2b\"></span>ective interes<span class=\"_ _0\"></span>t method.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y899 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y89a ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Debt tha<span class=\"_ _0\"></span>t can be c<span class=\"_ _2b\"></span>onverted int<span class=\"_ _0\"></span>o a fixe<span class=\"_ _0\"></span>d number <span class=\"_ _0\"></span>of <span class=\"lse2 wsf1\">Ageas's <span class=\"wsfa\">own s<span class=\"_ _2\"></span>hares is </span></span></div>\n<div class=\"t m0 x7 h4f y89b ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">separated in<span class=\"_ _2\"></span>to two components<span class=\"_ _2\"></span> on initial recogni<span class=\"_ _2\"></span>tion: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89c ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 ls102 ws129\">A<span class=\"_ _2\"></span> liabilit<span class=\"lse0 wsf0\">y instrument<span class=\"_ _0\"></span>, determ<span class=\"_ _0\"></span>ined by meas<span class=\"_ _2b\"></span>uring the fair valu<span class=\"_ _0\"></span>e of a </span></span></span></div>\n<div class=\"t m0 x43 h4f y89d ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">similar l<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> (includ<span class=\"_ _0\"></span>ing any emb<span class=\"_ _0\"></span>edded non<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">equity derivative </span></span></div>\n<div class=\"t m0 x43 h4f y89e ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">features) tha<span class=\"_ _2\"></span>t do not have an associated equ<span class=\"_ _2\"></span>ity component; and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89f ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsfa\">An equity inst<span class=\"_ _0\"></span>rument,<span class=\"_ _0\"></span> of whi<span class=\"_ _0\"></span>ch the c<span class=\"_ _0\"></span>arrying <span class=\"_ _0\"></span>amount r<span class=\"_ _0\"></span>eprese<span class=\"_ _0\"></span>nts the </span></span></div>\n<div class=\"t m0 x43 h4f y8a0 ffe8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">optio<span class=\"wsfa\">n t<span class=\"_ _0\"></span>o conve<span class=\"_ _0\"></span>rt the inst<span class=\"_ _2b\"></span>rument into c<span class=\"_ _0\"></span>ommon sh<span class=\"_ _2b\"></span>ares, determi<span class=\"_ _0\"></span>ned </span></div>\n<div class=\"t m0 x43 h4f y8a1 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by deduct<span class=\"_ _0\"></span>ing the car<span class=\"_ _0\"></span>rying amo<span class=\"_ _0\"></span>unt of the fi<span class=\"_ _0\"></span>nancial li<span class=\"_ _2b\"></span>ability from the</div>\n<div class=\"t m0 x43 h4f y8a2 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the com<span class=\"_ _2b\"></span>pound instrum<span class=\"_ _2b\"></span>ent as a whole.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a3 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2e ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">If Ageas<span class=\"_ _2\"></span> redeems the debt<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsef\">cert<span class=\"_ _2b\"></span>ificates<span class=\"lse2 wsfa\">, subordinated<span class=\"_ _2\"></span> liabilities and o<span class=\"_ _2\"></span>ther </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2f ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">borrow<span class=\"lse0 wsf0\">ings, these ar<span class=\"_ _2b\"></span>e removed from the st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> of financi<span class=\"_ _0\"></span>al positi<span class=\"_ _0\"></span>on </span></div>\n<div class=\"t m0 x7 h4f yb30 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce betw<span class=\"_ _2b\"></span>een the carryi<span class=\"_ _2b\"></span>ng amount of t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _0\"></span>y and t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f yb31 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration paid is i<span class=\"_ _0\"></span>nclude<span class=\"_ _0\"></span>d in the i<span class=\"_ _2b\"></span>ncome stateme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 346px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 351px; width: 354px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f y977 ffe8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.13<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span><span class=\"wsfa\">Employ<span class=\"_ _2\"></span>ee benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h55 y9bc ffea fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Pension <span class=\"ls102 ws11d\">li<span class=\"_ _2\"></span>abilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9bd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ope<span class=\"_ _0\"></span>rates a num<span class=\"_ _2b\"></span>ber of defined benef<span class=\"_ _0\"></span>it and def<span class=\"_ _0\"></span>ined contr<span class=\"_ _2b\"></span>ibution</div>\n<div class=\"t m0 x1a h4f y9be ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">pension plans<span class=\"_ _2\"></span> throughout its global activit<span class=\"_ _2\"></span>ies, in accordance with lo<span class=\"_ _2\"></span>cal</div>\n<div class=\"t m0 x1a h4f y9bf ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">conditions or ind<span class=\"_ _2\"></span>ustry practices. The pension<span class=\"_ _2\"></span> plans are generally funded</div>\n<div class=\"t m0 x1a h4f y9c0 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">through p<span class=\"_ _0\"></span>ayments t<span class=\"_ _0\"></span>o insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mpanies or t<span class=\"_ _0\"></span>o trustee ad<span class=\"_ _0\"></span>mini<span class=\"lse2 wsf1\">stered </span></div>\n<div class=\"t m0 x1a h4f y9c1 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">plans. Th<span class=\"_ _0\"></span>e funding is<span class=\"_ _0\"></span> determin<span class=\"_ _0\"></span>ed by peri<span class=\"_ _2b\"></span>odic actuarial ca<span class=\"_ _0\"></span>lculati<span class=\"_ _0\"></span>ons.</div>\n<div class=\"t m0 x1a h4f y97e ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Qualifi<span class=\"_ _0\"></span>ed actua<span class=\"_ _0\"></span>ries calcu<span class=\"_ _0\"></span>late the pe<span class=\"_ _0\"></span>nsion ass<span class=\"_ _0\"></span>ets and liabi<span class=\"_ _2b\"></span>lities at least</div>\n<div class=\"t m0 x1a h4f y97f ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">annually.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y980 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y981 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A defined b<span class=\"_ _0\"></span>enefit pla<span class=\"_ _0\"></span>n is a pensio<span class=\"_ _0\"></span>n plan that de<span class=\"_ _0\"></span>fines an amo<span class=\"_ _2b\"></span>unt of</div>\n<div class=\"t m0 x1a h4f y982 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">pension <span class=\"_ _0\"></span>benefit<span class=\"_ _0\"></span> that an e<span class=\"_ _2b\"></span>mpl<span class=\"wsf0\">oyee will rece<span class=\"_ _2b\"></span>ive on retirement<span class=\"_ _0\"></span>, usually </span></div>\n<div class=\"t m0 x1a h4f y983 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dependa<span class=\"_ _2b\"></span>nt on one or more facto<span class=\"_ _0\"></span>rs such as age a<span class=\"_ _2b\"></span>nd years of service. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y984 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c2 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A defined c<span class=\"_ _0\"></span>ontribu<span class=\"_ _0\"></span>tion pla<span class=\"_ _0\"></span>n is a pension p<span class=\"_ _0\"></span>lan under w<span class=\"_ _0\"></span>hich Age<span class=\"_ _0\"></span>as pays</div>\n<div class=\"t m0 x1a h4f y9c3 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fixed co<span class=\"_ _0\"></span>ntribut<span class=\"_ _0\"></span>ions.<span class=\"_ _0\"></span> However,<span class=\"_ _0\"></span> under I<span class=\"_ _2b\"></span>AS 19, a define<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>ibution <span class=\"_ _0\"></span>plan</div>\n<div class=\"t m0 x1a h4f y9c4 ffe8 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">with<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">a guar<span class=\"_ _0\"></span>anteed <span class=\"_ _0\"></span>return is<span class=\"_ _0\"></span> treate<span class=\"_ _2b\"></span>d as a defined be<span class=\"_ _2b\"></span>nefit plan ins<span class=\"_ _0\"></span>tead of a </span></div>\n<div class=\"t m0 x1a h4f y9c5 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">defined c<span class=\"_ _0\"></span>ontrib<span class=\"_ _0\"></span>ution plan d<span class=\"_ _0\"></span>ue to the (leg<span class=\"_ _0\"></span>ally det<span class=\"_ _0\"></span>ermined) gu<span class=\"_ _2b\"></span>aranteed</div>\n<div class=\"t m0 x1a h4f y9c6 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">return i<span class=\"_ _0\"></span>ncluded<span class=\"_ _0\"></span> in thos<span class=\"_ _0\"></span>e plans.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb9 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For defi<span class=\"_ _0\"></span>ned benefi<span class=\"_ _0\"></span>t plans, t<span class=\"_ _0\"></span>he pensio<span class=\"_ _0\"></span>n costs and re<span class=\"_ _0\"></span>lated pens<span class=\"_ _2b\"></span>ion assets</div>\n<div class=\"t m0 x1a h4f ycba ffe8 fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">or liab<span class=\"_ _2\"></span>iliti<span class=\"lse0 wsf0\">es are est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>ing the <span class=\"ls0 ws0\">P</span><span class=\"wsef\">roject<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"ls0 ws0\">U<span class=\"lsf4 ws10c\">nit </span>C<span class=\"lse2 ws103\">redit m<span class=\"_ _2\"></span>ethod</span> <span class=\"lse2 wsf1\">(PUC)<span class=\"lsf4 ws10c\">. </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f ycbb ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under th<span class=\"_ _2b\"></span>is method:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbc ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse2 ws103\">Ea<span class=\"_ _2\"></span>ch period of service give<span class=\"_ _2\"></span>s rise to an additional unit<span class=\"_ _2\"></span> of benefit </span></span></div>\n<div class=\"t m0 x6c h4f ycbd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">entitle<span class=\"_ _0\"></span>ment and ea<span class=\"_ _0\"></span>ch unit is me<span class=\"_ _0\"></span>asured sep<span class=\"_ _0\"></span>arately<span class=\"_ _0\"></span> in order to b<span class=\"_ _0\"></span>uild</div>\n<div class=\"t m0 x6c h4f ycbe ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">up the final liabi<span class=\"_ _2\"></span>lity;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbf ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The cost of prov<span class=\"lse2 ws103\">iding these benefits is char<span class=\"_ _2\"></span>ged to the income </span></span></span></div>\n<div class=\"t m0 x6c h4f ycc0 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt to spread t<span class=\"_ _0\"></span>he pensi<span class=\"_ _0\"></span>on cost <span class=\"_ _0\"></span>over the s<span class=\"_ _2b\"></span>ervice lives <span class=\"_ _0\"></span>of the</div>\n<div class=\"t m0 x6c h4f ycc1 ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">employees;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc2 ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsfa\">The pension li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> is measu<span class=\"_ _2b\"></span>red at the pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of the </span></span></div>\n<div class=\"t m0 x6c h4f ycc3 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fut<span class=\"_ _2b\"></span>ure cash outflows<span class=\"_ _0\"></span> using inter<span class=\"_ _2b\"></span>est rates determi<span class=\"_ _0\"></span>ned by</div>\n<div class=\"t m0 x6c h4f ycc4 ffe8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">refe<span class=\"wsf0\">renc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to ma<span class=\"_ _0\"></span>rket yiel<span class=\"_ _2b\"></span>ds on high quality co<span class=\"_ _0\"></span>rporate b<span class=\"_ _0\"></span>onds, wh<span class=\"_ _0\"></span>ich </span></div>\n<div class=\"t m0 x6c h4f ycc5 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">have te<span class=\"_ _0\"></span>rms to mat<span class=\"_ _2b\"></span>urity approx<span class=\"_ _0\"></span>imating<span class=\"_ _2b\"></span> the terms of th<span class=\"_ _0\"></span>e relate<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x6c h4f ycc6 ffe8 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">liability. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc7 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc8 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rements, compri<span class=\"_ _2b\"></span>sing actuarial gai<span class=\"_ _2b\"></span>ns and losses, the eff<span class=\"_ _0\"></span>ect of</div>\n<div class=\"t m0 x1a h4f ycc9 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the asset ce<span class=\"_ _0\"></span>iling and th<span class=\"_ _2b\"></span>e return on plan asset<span class=\"_ _0\"></span>s (exclu<span class=\"_ _0\"></span>ding net int<span class=\"_ _0\"></span>erest),</div>\n<div class=\"t m0 x1a h4f yd1a ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are recognised<span class=\"_ _2\"></span> immediately in the statement<span class=\"_ _2\"></span> of financial position throu<span class=\"_ _2\"></span>gh</div>\n<div class=\"t m0 x1a h4f yc26 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">other com<span class=\"_ _0\"></span>prehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e in the repo<span class=\"_ _0\"></span>rting per<span class=\"_ _0\"></span>iod in which t<span class=\"_ _0\"></span>hey occu<span class=\"_ _0\"></span>r.</div>\n<div class=\"t m0 x1a h4f yc27 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rements are n<span class=\"_ _0\"></span>ot recl<span class=\"_ _0\"></span>assifie<span class=\"_ _0\"></span>d to the i<span class=\"_ _2b\"></span>ncome stateme<span class=\"_ _2b\"></span>nt in</div>\n<div class=\"t m0 x1a h4f yc28 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">subsequent per<span class=\"lse0 wsf0\">iods. Net interes<span class=\"_ _0\"></span>t is calcul<span class=\"_ _2b\"></span>ated by applying the d<span class=\"_ _0\"></span>iscount </span></div>\n<div class=\"t m0 x1a h4f yc29 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate to the net<span class=\"_ _0\"></span> defined b<span class=\"_ _0\"></span>enefit li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> or asset.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2a ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc2b ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Past servi<span class=\"_ _0\"></span>ce costs ar<span class=\"_ _2b\"></span>e recognised in prof<span class=\"_ _2b\"></span>it or loss on the earlie<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>of:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2c ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The date of the plan amen<span class=\"_ _2b\"></span>dment or curtail<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc2d ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The date that <span class=\"lse2 ws103\">Ageas recognises res<span class=\"_ _2\"></span>tructuring</span></span><span class=\"ffe8\">-<span class=\"lse0 wsf0\">related co<span class=\"_ _0\"></span>sts.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 739px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 744px; width: 354px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 298px; height: 808px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Assets that support<span class=\"_ _2\"></span> the pension liabilities<span class=\"_ _2\"></span> of an entity, must meet certain<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y803 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">criteri<span class=\"_ _0\"></span>a in order to be cl<span class=\"_ _2b\"></span>assified as \u2018qual<span class=\"_ _0\"></span>ifying p<span class=\"_ _0\"></span>ension pla<span class=\"_ _0\"></span>n assets\u2019.<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These c<span class=\"_ _0\"></span>riteria <span class=\"_ _0\"></span>relate t<span class=\"_ _2b\"></span>o the<span class=\"ls0 ws0\"> </span>fact that th<span class=\"_ _0\"></span>ese ass<span class=\"_ _0\"></span>ets shou<span class=\"_ _0\"></span>ld be leg<span class=\"_ _0\"></span>ally</div>\n<div class=\"t m0 x7 h4f y805 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>e from Ageas or <span class=\"_ _0\"></span>its cre<span class=\"_ _0\"></span>ditors. I<span class=\"_ _2b\"></span>f this is not t<span class=\"_ _0\"></span>he case,<span class=\"_ _0\"></span> the ass<span class=\"_ _0\"></span>ets</div>\n<div class=\"t m0 x7 h4f y806 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are incl<span class=\"_ _0\"></span>uded in t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>evant it<span class=\"_ _0\"></span>em on th<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent of financia<span class=\"_ _0\"></span>l posit<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x7 h4f y807 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(such as inv<span class=\"_ _2b\"></span>estments or prope<span class=\"_ _0\"></span>rty, plant<span class=\"_ _0\"></span> and equip<span class=\"_ _0\"></span>ment). If<span class=\"_ _0\"></span> the asse<span class=\"lsf4 ws10c\">ts </span></div>\n<div class=\"t m0 x7 h4f y808 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">meet th<span class=\"_ _0\"></span>e criter<span class=\"_ _0\"></span>ia, thes<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s are ne<span class=\"_ _0\"></span>tted ag<span class=\"_ _0\"></span>ainst th<span class=\"_ _0\"></span>e pensio<span class=\"_ _0\"></span>n liabil<span class=\"_ _0\"></span>ity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When the fa<span class=\"_ _0\"></span>ir value of<span class=\"_ _0\"></span> the plan ass<span class=\"_ _0\"></span>ets is nette<span class=\"_ _0\"></span>d against<span class=\"_ _0\"></span> the present<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y80b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the o<span class=\"_ _2b\"></span>bligation of a defin<span class=\"_ _0\"></span>ed benefit pl<span class=\"_ _2b\"></span>an, the resulting am<span class=\"_ _2b\"></span>ount</div>\n<div class=\"t m0 x7 h4f y80c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">could be ne<span class=\"_ _0\"></span>gative (<span class=\"_ _0\"></span>an asset). If<span class=\"_ _0\"></span> this<span class=\"ls0 ws0\"> </span>is the cas<span class=\"_ _0\"></span>e, the reco<span class=\"_ _0\"></span>gnised as<span class=\"_ _0\"></span>set</div>\n<div class=\"t m0 x7 h4f y80d ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cannot ex<span class=\"_ _0\"></span>ceed t<span class=\"_ _0\"></span>he prese<span class=\"_ _2b\"></span>nt value of any<span class=\"_ _0\"></span> economi<span class=\"_ _0\"></span>c benef<span class=\"_ _0\"></span>its avai<span class=\"_ _0\"></span>lable i<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y80e ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the form<span class=\"_ _0\"></span> of refu<span class=\"_ _0\"></span>nds from t<span class=\"_ _2b\"></span>he plan or redu<span class=\"_ _2b\"></span>ctions in futur<span class=\"_ _2b\"></span>e contributio<span class=\"_ _0\"></span>ns to</div>\n<div class=\"t m0 x7 h4f y80f ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the plan (\u2018as<span class=\"_ _2b\"></span>set ceiling\u2019).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y810 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90a ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Benefit<span class=\"_ _0\"></span> plans that pr<span class=\"_ _0\"></span>ovide lon<span class=\"_ _0\"></span>g<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term servic<span class=\"_ _2\"></span>e be</span></span>nefits<span class=\"_ _0\"></span>, but that a<span class=\"_ _0\"></span>re not</div>\n<div class=\"t m0 x7 h4f y90b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension p<span class=\"_ _0\"></span>lans, ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d at present<span class=\"_ _0\"></span> value<span class=\"ls0 ws0\">, </span>using the pr<span class=\"_ _0\"></span>ojecte<span class=\"_ _0\"></span>d unit</div>\n<div class=\"t m0 x7 h4f y90c ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">credit m<span class=\"_ _0\"></span>ethod. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90e ffed fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas's <span class=\"lse0 wsfa\">contributions<span class=\"_ _0\"></span> to def<span class=\"_ _0\"></span>ined co<span class=\"_ _0\"></span>ntributi<span class=\"_ _2b\"></span>on pension pla<span class=\"_ _2b\"></span>ns are charged </span></div>\n<div class=\"t m0 x7 h4f y90f ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the i<span class=\"_ _0\"></span>ncome st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> in the y<span class=\"_ _2b\"></span>ear to which t<span class=\"_ _0\"></span>hey relat<span class=\"_ _2b\"></span>e, except for</div>\n<div class=\"t m0 x7 h4f y910 ffed fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">de<span class=\"wsfa\">fined c<span class=\"_ _2b\"></span>ontribution p<span class=\"_ _0\"></span>lans w<span class=\"_ _0\"></span>ith a gua<span class=\"_ _0\"></span>rantee<span class=\"_ _0\"></span>d return, t<span class=\"_ _2b\"></span>hat follow t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y911 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing treat<span class=\"_ _0\"></span>ment of a defi<span class=\"_ _2b\"></span>ned benefit plan.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yb2a ffef fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other post<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">retirement<span class=\"_ _2b\"></span> liabilities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Some of t<span class=\"_ _2\"></span>he Ageas companie<span class=\"_ _2\"></span>s provide post<span class=\"ls0 ws0\">-</span><span class=\"lse0\">retirement e<span class=\"_ _0\"></span>mployee </span></div>\n<div class=\"t m0 x7 h4f yb2c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s to retire<span class=\"_ _0\"></span>es, such as pr<span class=\"_ _0\"></span>eferent<span class=\"_ _2b\"></span>ial int<span class=\"lse2 wsfa\">erest ra<span class=\"_ _2\"></span>te loans and health<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f yb2d ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">care insur<span class=\"_ _2b\"></span>ance. Entitleme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>to th<span class=\"_ _0\"></span>ese benef<span class=\"_ _2b\"></span>its is usually based o<span class=\"_ _0\"></span>n the</div>\n<div class=\"t m0 x7 h4f y962 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">employe<span class=\"_ _2b\"></span>e remaining in s<span class=\"_ _2b\"></span>ervice up to ret<span class=\"_ _0\"></span>irement<span class=\"_ _0\"></span> age and <span class=\"_ _2b\"></span>the completio<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y963 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of a minimu<span class=\"_ _0\"></span>m service pe<span class=\"_ _0\"></span>riod. Ex<span class=\"_ _0\"></span>pected c<span class=\"_ _0\"></span>osts of these b<span class=\"_ _2b\"></span>enefits are</div>\n<div class=\"t m0 x7 h4f y964 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accrued ov<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e period of em<span class=\"_ _2b\"></span>ployment, usin<span class=\"_ _2b\"></span>g a <span class=\"_ _2\"></span>met<span class=\"_ _0\"></span>hodolo<span class=\"_ _0\"></span>gy similar t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x7 h4f y965 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">that for def<span class=\"_ _0\"></span>ined be<span class=\"_ _0\"></span>nefit pens<span class=\"_ _0\"></span>ion plans<span class=\"_ _0\"></span>. These liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> are determi<span class=\"_ _2b\"></span>ned</div>\n<div class=\"t m0 x7 h4f y966 ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>actuarial calculations<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 y897 ffef fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Equity option<span class=\"_ _2\"></span>s and equity p<span class=\"_ _2\"></span>articipation plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y898 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Share options<span class=\"_ _2\"></span> and restricted shares, both equi<span class=\"_ _2\"></span>ty settled<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">and cash sett<span class=\"_ _0\"></span>led </span></span></div>\n<div class=\"t m0 x7 h4f y899 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">plans, ar<span class=\"_ _0\"></span>e granted<span class=\"_ _0\"></span> to directo<span class=\"_ _0\"></span>rs and empl<span class=\"_ _2b\"></span>oyees for services r<span class=\"_ _0\"></span>eceive<span class=\"_ _0\"></span>d. The</div>\n<div class=\"t m0 x7 h4f y89a ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue of the s<span class=\"_ _2b\"></span>ervices rece<span class=\"_ _0\"></span>ived is <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>ned by r<span class=\"_ _0\"></span>eference t<span class=\"_ _2b\"></span>o the fair</div>\n<div class=\"t m0 x7 h4f y89b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the s<span class=\"_ _0\"></span>hare opti<span class=\"_ _0\"></span>ons and rest<span class=\"_ _0\"></span>ricted sh<span class=\"_ _0\"></span>ares gra<span class=\"_ _0\"></span>nted. The ex<span class=\"_ _2b\"></span>pense</div>\n<div class=\"t m0 x7 h4f y89c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of equity opt<span class=\"_ _2b\"></span>ions and equity pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion plans is<span class=\"_ _0\"></span> measure<span class=\"_ _0\"></span>d at the grant</div>\n<div class=\"t m0 x7 h4f y89d ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date bas<span class=\"_ _0\"></span>ed on the fair val<span class=\"_ _0\"></span>ue of the opt<span class=\"_ _0\"></span>ions and res<span class=\"_ _0\"></span>tricte<span class=\"_ _0\"></span>d shares an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>is</div>\n<div class=\"t m0 x7 h4f y89e ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement, eit<span class=\"_ _2b\"></span>her immediately at<span class=\"_ _0\"></span> grant dat<span class=\"_ _0\"></span>e if</div>\n<div class=\"t m0 x7 h4f y89f ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">there is no ves<span class=\"_ _0\"></span>ting per<span class=\"_ _0\"></span>iod, or over t<span class=\"_ _0\"></span>he vesting p<span class=\"_ _0\"></span>eriod of<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">the options and </span></span></div>\n<div class=\"t m0 x7 h4f y8a0 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">restricted share<span class=\"_ _2\"></span>s. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a1 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a2 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Equity set<span class=\"_ _0\"></span>tled pla<span class=\"_ _0\"></span>ns are acco<span class=\"_ _0\"></span>unted for as<span class=\"_ _0\"></span> an increas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in equ<span class=\"_ _2b\"></span>ity and are</div>\n<div class=\"t m0 x7 h4f y8a3 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>red for t<span class=\"_ _2b\"></span>he number of sh<span class=\"_ _2b\"></span>ares until the v<span class=\"_ _0\"></span>esting c<span class=\"_ _0\"></span>onditio<span class=\"_ _0\"></span>ns are</div>\n<div class=\"t m0 x7 h4f yb2e ffed fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">met. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2f ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb30 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Cash sett<span class=\"_ _0\"></span>led plans ar<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>nted for as an inc<span class=\"_ _2b\"></span>rease in liabilitie<span class=\"_ _0\"></span>s and<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x7 h4f yb31 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>red bot<span class=\"_ _2b\"></span>h for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd1b fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsfa\">The number of s<span class=\"_ _2b\"></span>hares until the v<span class=\"_ _2b\"></span>esting conditi<span class=\"_ _2b\"></span>ons are met<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x7 h4f yd1c fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsfa\">The change in t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of the res<span class=\"_ _2b\"></span>tricted shares<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybdc ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>red expenses are re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the incom<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>sta<span class=\"_ _0\"></span>tement du<span class=\"_ _0\"></span>ring</div>\n<div class=\"t m0 x1a h4f ybdd ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the vest<span class=\"_ _0\"></span>ing peri<span class=\"_ _2b\"></span>od. Expenses r<span class=\"_ _2b\"></span>elated to <span class=\"lse2\">current and pa<span class=\"_ _2\"></span>st periods are </span></div>\n<div class=\"t m0 x1a h4f ybde ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">directl<span class=\"_ _0\"></span>y recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he income stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybdf ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe0 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value of<span class=\"_ _0\"></span> the sha<span class=\"_ _0\"></span>re opti<span class=\"_ _0\"></span>ons is det<span class=\"_ _0\"></span>ermine<span class=\"_ _0\"></span>d using a<span class=\"_ _2b\"></span>n option<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">pricing </span></span></div>\n<div class=\"t m0 x1a h4f ybe1 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">model th<span class=\"_ _2b\"></span>at takes into ac<span class=\"_ _0\"></span>count t<span class=\"_ _0\"></span>he follo<span class=\"_ _2b\"></span>wing:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybe2 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The stock price at the g<span class=\"_ _0\"></span>rant dat<span class=\"_ _0\"></span>e;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybe3 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The exercise pric<span class=\"_ _2b\"></span>e;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybe4 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsf0\">expect<span class=\"_ _0\"></span>ed life of<span class=\"_ _0\"></span> the option;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybe5 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The expected volat<span class=\"_ _2b\"></span>ility of the underl<span class=\"_ _0\"></span>ying stock<span class=\"_ _0\"></span> and expe<span class=\"_ _0\"></span>cted </span></span></div>\n<div class=\"t m0 x6c h4f ybe6 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds on it<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and </span> </span></div>\n<div class=\"t m0 x1a h4f ybe7 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The risk</span><span class=\"ffed\">-<span class=\"lse0 wsf0\">free intere<span class=\"_ _2b\"></span>st rate over the expect<span class=\"_ _0\"></span>ed life of the o<span class=\"_ _2b\"></span>ption.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybe8 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe9 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When the opt<span class=\"_ _0\"></span>ions are ex<span class=\"_ _2b\"></span>ercised and new shar<span class=\"_ _2b\"></span>es are issued, the</div>\n<div class=\"t m0 x1a h4f ybea ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceeds recei<span class=\"_ _2\"></span>v<span class=\"lse0 wsfa\">ed,<span class=\"_ _0\"></span> net of a<span class=\"_ _0\"></span>ny trans<span class=\"_ _0\"></span>action c<span class=\"_ _0\"></span>osts, a<span class=\"_ _0\"></span>re credi<span class=\"_ _2b\"></span>ted to share </span></div>\n<div class=\"t m0 x1a h4f ybeb ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">capital (par<span class=\"_ _2\"></span> value) and the surplus to share<span class=\"_ _2\"></span> premium. If for this purpos<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x1a h4f ybec ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">own shar<span class=\"_ _2b\"></span>es have been rep<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>ed, thes<span class=\"_ _0\"></span>e will b<span class=\"_ _0\"></span>e elimi<span class=\"_ _0\"></span>nated fr<span class=\"_ _2b\"></span>om</div>\n<div class=\"t m0 x1a h4f ybed ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">treasu<span class=\"_ _0\"></span>ry stock.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 819px; height: 278px; width: 353px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 293px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h55 yb3e ffef fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee ent<span class=\"_ _2\"></span>itlements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3f ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee ent<span class=\"_ _2\"></span>itlements to<span class=\"ls0 ws0\"> </span><span class=\"ws103\">ann<span class=\"_ _2\"></span>ual leave and long<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">service leav<span class=\"_ _0\"></span>e are </span></span></span></div>\n<div class=\"t m0 x1a h4f yb40 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed when t<span class=\"_ _0\"></span>hey accru<span class=\"_ _0\"></span>e to employ<span class=\"_ _0\"></span>ees. A<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">provision is made for<span class=\"_ _2\"></span> the </span></span></div>\n<div class=\"t m0 x1a h4f yb41 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed liability f<span class=\"_ _0\"></span>or annua<span class=\"_ _0\"></span>l leave a<span class=\"_ _2b\"></span>nd long<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">service lea<span class=\"_ _0\"></span>ve as a result<span class=\"_ _0\"></span> of </span></div>\n<div class=\"t m0 x1a h4f yb42 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s rende<span class=\"_ _0\"></span>red by em<span class=\"_ _0\"></span>ployees <span class=\"_ _2b\"></span>up to the date of<span class=\"_ _0\"></span> the st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>t of</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 725px; height: 361px; width: 353px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 834px; width: 353px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yb43 ffed fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">fina<span class=\"lse0 wsf0\">ncial posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ycbe ffed fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.14 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsef\">Prov<span class=\"_ _2b\"></span>isions <span class=\"lse2 wsf1\">and<span class=\"ls0 ws0\"> </span>cont<span class=\"_ _2\"></span>ingencies<span class=\"ls0 ws0\"> </span></span></span></span></div>\n\n<div class=\"t m0 x1a h55 y991 ffef fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y992 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons are l<span class=\"_ _2b\"></span>iabilities inv<span class=\"_ _2b\"></span>olving uncert<span class=\"_ _0\"></span>ainties i<span class=\"_ _2b\"></span>n the amount o<span class=\"_ _0\"></span>r timin<span class=\"_ _0\"></span>g</div>\n<div class=\"t m0 x1a h4f y993 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of payment. Pro<span class=\"_ _2\"></span>visions are recognised if ther<span class=\"_ _2\"></span>e is a present obligation<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y994 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(legal or co<span class=\"_ _0\"></span>nstruct<span class=\"_ _0\"></span>ive) to tra<span class=\"_ _0\"></span>nsfer eco<span class=\"_ _0\"></span>nomic b<span class=\"lse1 ws104\">enefits, s<span class=\"_ _2b\"></span>uch as cash flows, </span></div>\n<div class=\"t m0 x1a h4f y995 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a result of p<span class=\"_ _0\"></span>ast events<span class=\"_ _0\"></span> and if a reliab<span class=\"_ _0\"></span>le estim<span class=\"_ _0\"></span>ate can be mad<span class=\"_ _0\"></span>e at the</div>\n<div class=\"t m0 x1a h4f y996 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date of t<span class=\"_ _2b\"></span>he statement of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial pos<span class=\"_ _2b\"></span>ition. Provisi<span class=\"_ _0\"></span>ons are e<span class=\"_ _0\"></span>stablis<span class=\"_ _0\"></span>hed for</div>\n<div class=\"t m0 x1a h4f y997 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n guarant<span class=\"_ _0\"></span>ee contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>for w<span class=\"_ _0\"></span>hich Ageas<span class=\"_ _0\"></span> is respons<span class=\"_ _2b\"></span>ible to pay upon</div>\n<div class=\"t m0 x1a h4f y9c8 ffed fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">default<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">of payment.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Provi<span class=\"_ _0\"></span>sions ar<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>ed based on a<span class=\"_ _0\"></span>ll relevant </span></span></div>\n<div class=\"t m0 x1a h4f y9c9 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">factors<span class=\"_ _0\"></span> and inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n existing at th<span class=\"_ _2b\"></span>e date of the stat<span class=\"_ _2b\"></span>ement of fina<span class=\"_ _2b\"></span>ncial</div>\n<div class=\"t m0 x1a h4f y9ca ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n and are typic<span class=\"_ _2b\"></span>ally discounte<span class=\"_ _2b\"></span>d at <span class=\"_ _2\"></span>the ri<span class=\"_ _2b\"></span>sk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">free rate.</span> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 157px; width: 353px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 y99b ffef fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Contingencies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y99c ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Contingencies<span class=\"_ _0\"></span> are those uncertai<span class=\"_ _2b\"></span>nties of which<span class=\"ls0 ws0\"> </span>an amount<span class=\"_ _2b\"></span> cannot be</div>\n<div class=\"t m0 x1a h4f y99d ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reasonably est<span class=\"_ _0\"></span>imated or when it is<span class=\"_ _0\"></span> not probable t<span class=\"_ _0\"></span>hat payment will be</div>\n<div class=\"t m0 x1a h4f y99e ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">required to sett<span class=\"_ _0\"></span>le the obligation.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 57px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 62px; width: 353px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 665px; width: 353px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 839px; width: 353px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yd1d ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd1e ffed fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.15 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span></span>Equity components<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yd1f ffef fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Share cap<span class=\"_ _0\"></span>ital and sh<span class=\"_ _0\"></span>are <span class=\"lsfb wsfa\">issue<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"lse1\">costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd20 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Increm<span class=\"_ _0\"></span>ental cos<span class=\"_ _0\"></span>ts dir<span class=\"_ _0\"></span>ectly att<span class=\"_ _0\"></span>ributa<span class=\"_ _0\"></span>ble to t<span class=\"_ _0\"></span>he issue <span class=\"_ _2b\"></span>of new shares or<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd21 ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">share option<span class=\"_ _2\"></span>s, other than o<span class=\"_ _2\"></span>n a business combin<span class=\"_ _2\"></span>ation, are deduc<span class=\"_ _2\"></span>ted from</div>\n<div class=\"t m0 x1a h4f yd22 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity net<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of any re<span class=\"_ _0\"></span>lated inc<span class=\"_ _0\"></span>ome taxes<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 315px; height: 68px; width: 353px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 251px; height: 855px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 fff4 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Treasury shar<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span><span class=\"ls0 ws0\">p<span class=\"lse2 wsf1\">arent <span class=\"_ _2\"></span></span>c<span class=\"lse0 wsef\">ompan<span class=\"_ _0\"></span><span class=\"ls0 ws0\">y <span class=\"lse2 wsf1\">or<span class=\"_ _2\"></span> <span class=\"lsf4 ws10c\">its</span></span> <span class=\"lse2 wsfa\">subsidiaries <span class=\"_ _2\"></span>purchase Ageas share<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">capital<span class=\"_ _0\"></span> or obtain rig<span class=\"_ _0\"></span>hts to pu<span class=\"wsef\">rc<span class=\"_ _0\"></span>hase <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">share capit<span class=\"_ _2b\"></span>al, the </span></span></div>\n<div class=\"t m0 x7 h4f y805 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration paid includ<span class=\"_ _0\"></span>ing any att<span class=\"_ _2b\"></span>ributable trans<span class=\"_ _2b\"></span>action costs, net of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y806 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income t<span class=\"_ _0\"></span>axes, <span class=\"lse1 wsf0\">is <span class=\"lse2 ws103\">shown as a deduction from equ<span class=\"_ _2\"></span>ity.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y807 fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y808 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Dividen<span class=\"_ _2b\"></span>ds paid on treas<span class=\"_ _0\"></span>ury sh<span class=\"_ _0\"></span>ares hel<span class=\"_ _0\"></span>d by Ageas<span class=\"_ _0\"></span> compa<span class=\"_ _0\"></span>nies are</div>\n<div class=\"t m0 x7 h4f y809 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed when prepa<span class=\"_ _0\"></span>ring the <span class=\"_ _0\"></span><span class=\"ls0 ws0\">c<span class=\"lse0 wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial <span class=\"_ _2\"></span></span>s</span>tateme<span class=\"_ _2b\"></span>nts.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y80a fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80b fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas shares<span class=\"_ _2\"></span> held by Ageas<span class=\"_ _2\"></span>finlux S.A.<span class=\"ls0 ws0\">, <span class=\"_ _2\"></span></span><span class=\"lse0\">in t<span class=\"_ _2b\"></span>he context of F<span class=\"_ _0\"></span>RESH ca<span class=\"_ _2b\"></span>pital </span></div>\n<div class=\"t m0 x7 h4f y80c fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">securities<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>are <span class=\"lse0 wsef\">not<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">entitled t<span class=\"_ _2b\"></span>o dividend or ca<span class=\"_ _2b\"></span>pital. Thes<span class=\"wsf0\">e sha<span class=\"_ _2b\"></span>res are </span></span></span></div>\n<div class=\"t m0 x7 h4f y80d fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed in calculat<span class=\"_ _0\"></span>ing div<span class=\"_ _0\"></span>idend, n<span class=\"_ _0\"></span>et prof<span class=\"_ _0\"></span>it and eq<span class=\"_ _0\"></span>uity per s<span class=\"_ _2b\"></span>hare. The</div>\n<div class=\"t m0 x7 h4f y80e fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cost pric<span class=\"_ _0\"></span>e of the shares is<span class=\"_ _0\"></span> deducte<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>fr<span class=\"_ _0\"></span>om equity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 898px; height: 109px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 898px; height: 209px; width: 349px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h55 y884 fff4 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Compou<span class=\"_ _0\"></span>nd financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y885 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Compon<span class=\"_ _0\"></span>ents of c<span class=\"_ _0\"></span>ompound f<span class=\"_ _2b\"></span>inancial inst<span class=\"_ _2b\"></span>ruments (lia<span class=\"_ _0\"></span>bility a<span class=\"_ _0\"></span>nd equity</div>\n<div class=\"t m0 x7 h4f y886 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">parts) ar<span class=\"_ _0\"></span>e classifi<span class=\"_ _2b\"></span>ed <span class=\"wsfa\">in their resp<span class=\"_ _0\"></span>ective a<span class=\"_ _0\"></span>rea of t<span class=\"_ _0\"></span>he stat<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> financi<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x7 h4f y8cf fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y888 fff4 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Other equi<span class=\"_ _2\"></span>ty components<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y889 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other ele<span class=\"_ _0\"></span>ments rec<span class=\"_ _2b\"></span>orded in equity rel<span class=\"_ _0\"></span>ate to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88a fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 ws103\">D<span class=\"_ _2\"></span>irect equity movements of as<span class=\"_ _2\"></span>sociates (see paragraph 2.6<span class=\"_ _2\"></span>);</span><span class=\"fff2\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88b fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 wsfa\">F<span class=\"_ _2\"></span>oreign currency (s<span class=\"_ _2\"></span>ee paragraph 2.7);</span><span class=\"fff2\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88c fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 ls102 ws11d\">A<span class=\"_ _2\"></span>vailable</span><span class=\"fff2\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsfa\">sale inv<span class=\"_ _0\"></span>est<span class=\"lse2 ws103\">ments (see paragraph 2<span class=\"_ _2\"></span>.8.1);<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y88d fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse0 wsf0\">Cash flow hedges (s<span class=\"_ _2b\"></span>ee paragraph 2.8.<span class=\"_ _0\"></span>2);<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y88e fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 wsfa\">D<span class=\"_ _2\"></span>iscretionary partici<span class=\"_ _2\"></span>pation features (<span class=\"_ _2\"></span>see paragraph 2.8<span class=\"_ _2\"></span>.11);</span><span class=\"fff2\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88f fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 wsfa\">A<span class=\"_ _2\"></span>ctuarial gains and <span class=\"_ _2\"></span>losses on define<span class=\"_ _2\"></span>d benefit plan<span class=\"_ _2\"></span>s (see paragraph </span></span></div>\n<div class=\"t m0 x43 h4f y890 fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.13);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y891 fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 wsfa\">Sh<span class=\"_ _2\"></span>are options and r<span class=\"_ _2\"></span>estricted share plan<span class=\"_ _2\"></span>s (see paragraph 2<span class=\"_ _2\"></span>.8.13)</span><span class=\"fff2\">; </span></span></div>\n<div class=\"t m0 x43 h4f y892 fff2 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y893 fff5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff6\"> <span class=\"_ _46\"> </span><span class=\"fff2 lse2 ws103\">D<span class=\"_ _2\"></span>ividend, treasury shares<span class=\"_ _2\"></span> and cancellation of shares.</span><span class=\"fff2\"> </span></span></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y9ad fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.16 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse1 wsf0\">Gross <span class=\"lse0 wsef\">prem<span class=\"_ _0\"></span>ium<span class=\"ls0 ws0\"> </span>incom<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h55 ycdb fff4 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Short<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">dura<span class=\"_ _2\"></span>tion versus long<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span></span>duration cont<span class=\"_ _2\"></span>racts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycdc fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A short<span class=\"ls0 ws0\">-</span>dur<span class=\"_ _0\"></span>ation in<span class=\"_ _2b\"></span>surance contr<span class=\"_ _0\"></span>act is a c<span class=\"_ _2b\"></span>ontract that pr<span class=\"_ _2b\"></span>ovides insura<span class=\"_ _0\"></span>nce</div>\n<div class=\"t m0 x7 h4f yc86 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">protect<span class=\"_ _0\"></span>ion for a f<span class=\"_ _2b\"></span>ixed <span class=\"wsf0\">period of s<span class=\"_ _0\"></span>hort durat<span class=\"_ _2b\"></span>ion and that enables<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x7 h4f yc87 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insurer t<span class=\"_ _2b\"></span>o cancel the c<span class=\"_ _0\"></span>ontract <span class=\"_ _0\"></span>or to adj<span class=\"_ _0\"></span>ust the t<span class=\"_ _0\"></span>erms of<span class=\"_ _0\"></span> the cont<span class=\"_ _0\"></span>ract at t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yc88 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">end of any cont<span class=\"_ _2b\"></span>ract period.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc89 fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc8a fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A long<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">duration contr<span class=\"_ _0\"></span>act is a contr<span class=\"_ _2b\"></span>act that generally<span class=\"_ _0\"></span> is not subject<span class=\"_ _0\"></span> to </span></span></div>\n<div class=\"t m0 x7 h4f yc8b fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unilateral <span class=\"_ _2\"></span>changes in its <span class=\"_ _2\"></span>terms,<span class=\"ls0 ws0\"> </span>such as a<span class=\"_ _2\"></span> non<span class=\"ls0 ws0\">-</span>cancellable <span class=\"_ _2\"></span>or guaranteed</div>\n<div class=\"t m0 x7 h4f yc8c fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">renewable cont<span class=\"_ _2\"></span>ract, and that requires the per<span class=\"_ _2\"></span>formance of various</div>\n<div class=\"t m0 x7 h4f yc8d fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">functio<span class=\"_ _2b\"></span>ns and services (inc<span class=\"_ _2b\"></span>luding insuranc<span class=\"_ _2b\"></span>e protection) for a<span class=\"_ _2b\"></span>n extended</div>\n<div class=\"t m0 x7 h4f yc8e fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">period.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yd24 fff4 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Premiu<span class=\"_ _0\"></span>m income w<span class=\"_ _0\"></span>hen receiv<span class=\"_ _0\"></span>ed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd25 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Premiums from <span class=\"ls0 ws0\">L<span class=\"_ _2\"></span></span>ife insurance contracts<span class=\"_ _2\"></span> an<span class=\"lse0 wsfa\">d lo<span class=\"_ _0\"></span>ng<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">duration i<span class=\"_ _2b\"></span>nvestment </span></span></div>\n<div class=\"t m0 x7 h4f yd26 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h Discret<span class=\"_ _2b\"></span>ionary Particip<span class=\"_ _2b\"></span>ation Features a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised as</div>\n<div class=\"t m0 x7 h4f yd27 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">revenue when due<span class=\"_ _2\"></span> from the policyholder<span class=\"_ _2\"></span>. Estimated future benefits and<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yd28 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span> are off<span class=\"_ _2b\"></span>set against suc<span class=\"_ _2b\"></span>h revenue in or<span class=\"_ _2b\"></span>der to recognis<span class=\"_ _2b\"></span>e profits</div>\n<div class=\"t m0 x7 h4f yd29 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">over the est<span class=\"_ _0\"></span>imated<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">life of the poli<span class=\"_ _2\"></span>cies. This matchi<span class=\"_ _2\"></span>ng is accomplished b<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yd2a fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the establ<span class=\"_ _2b\"></span>ishment of liabil<span class=\"_ _0\"></span>ities ari<span class=\"_ _0\"></span>sing from<span class=\"_ _0\"></span> insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts and</div>\n<div class=\"t m0 x1a h4f yd2b fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent contracts<span class=\"_ _0\"></span> with Dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary Pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion Fea<span class=\"_ _0\"></span>tures, a<span class=\"_ _0\"></span>nd by</div>\n<div class=\"t m0 x1a h4f yd2c fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the defer<span class=\"_ _0\"></span>ral and su<span class=\"_ _0\"></span>bseque<span class=\"_ _0\"></span>nt amortis<span class=\"_ _0\"></span>ation of upf<span class=\"_ _2b\"></span>ront expenses suc<span class=\"_ _2b\"></span>h as</div>\n<div class=\"t m0 x1a h4f yd2d fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on costs.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yd2e fff4 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Premium in<span class=\"_ _2\"></span>come when earned<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd2f fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For short<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">duration type contract<span class=\"_ _2\"></span>s (principally in </span>N<span class=\"lse2 wsf1\">on</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">life), premiums <span class=\"_ _2\"></span>are </span></span></div>\n<div class=\"t m0 x1a h4f yd30 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recorde<span class=\"_ _0\"></span>d as writt<span class=\"_ _0\"></span>en upon ince<span class=\"_ _0\"></span>ption of the co<span class=\"_ _2b\"></span>ntract. Premium<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f yd31 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent as earned o<span class=\"_ _2b\"></span>n a pro<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">rata basis over </span></div>\n<div class=\"t m0 x1a h4f yd32 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the term of the rel<span class=\"_ _2\"></span>ated policy coverage. The unea<span class=\"_ _2\"></span>rned premium reserve</div>\n<div class=\"t m0 x1a h4f yd33 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">represe<span class=\"_ _0\"></span>nts the port<span class=\"_ _2b\"></span>ion of the premium<span class=\"_ _0\"></span>s written rel<span class=\"_ _2b\"></span>ating to the unexpi<span class=\"_ _0\"></span>red</div>\n<div class=\"t m0 x1a h4f yd34 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">terms of the cov<span class=\"_ _2\"></span>erage.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 914px; height: 188px; width: 351px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 284px; height: 314px; width: 350px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h4f yd35 fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.17<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span><span class=\"lsf4 ws10c\">Interest, <span class=\"ls102 ws11d\">d<span class=\"_ _2\"></span>ividend</span></span> <span class=\"lse0 wsf0\">and other inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> income<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd36 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For all int<span class=\"_ _0\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">bea</span></span><span class=\"wsfa\">ring ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nts (whet<span class=\"_ _2b\"></span>her classifie<span class=\"_ _0\"></span>d as hel<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-</span></span></div>\n<div class=\"t m0 x1a h4f yd37 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">maturity, avai<span class=\"_ _2\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">for</span>-<span class=\"lse0 wsf0\">sale, held at f<span class=\"_ _0\"></span>air value thr<span class=\"_ _2b\"></span>ough profit or loss,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd38 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ives or oth<span class=\"_ _0\"></span>er assets o<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>liab<span class=\"_ _2b\"></span>ilities), interes<span class=\"_ _0\"></span>t incom<span class=\"_ _0\"></span>e and inter<span class=\"_ _0\"></span>est</div>\n<div class=\"t m0 x1a h4f yd39 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expense is<span class=\"_ _0\"></span> recogni<span class=\"_ _0\"></span>sed in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement on an ac<span class=\"_ _2b\"></span>crual b<span class=\"lse2 wsf1\">asis<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd3a fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">using t<span class=\"_ _0\"></span>he effect<span class=\"_ _2b\"></span>ive interest m<span class=\"_ _0\"></span>ethod b<span class=\"_ _0\"></span>ased on t<span class=\"_ _2b\"></span>he actual purch<span class=\"_ _2b\"></span>ase price</div>\n<div class=\"t m0 x1a h4f yd3b fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">includi<span class=\"_ _0\"></span>ng direct<span class=\"_ _0\"></span> trans<span class=\"_ _2b\"></span>action costs. I<span class=\"_ _0\"></span>nterest <span class=\"_ _0\"></span>income i<span class=\"_ _2b\"></span>ncludes coup<span class=\"_ _0\"></span>ons</div>\n<div class=\"t m0 x1a h4f yd3c fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earned on fi<span class=\"_ _0\"></span>xed and fl<span class=\"_ _0\"></span>oating rat<span class=\"_ _2b\"></span>e income instrum<span class=\"_ _0\"></span>ents and the ac<span class=\"_ _0\"></span>cretio<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x1a h4f yd3d fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">or amort<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of the tr<span class=\"_ _2b\"></span>ansaction cost<span class=\"_ _2b\"></span><span class=\"wsf0\">s, premium or disc<span class=\"_ _0\"></span>ount. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd3e fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd3f fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Once a fi<span class=\"_ _2b\"></span>nancial asset <span class=\"_ _0\"></span>has bee<span class=\"_ _0\"></span>n writte<span class=\"_ _0\"></span>n down to <span class=\"_ _0\"></span>its est<span class=\"_ _0\"></span>imated</div>\n<div class=\"t m0 x1a h4f yd40 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt, interest income is sub<span class=\"_ _2\"></span>sequently recognised based</div>\n<div class=\"t m0 x1a h4f yd41 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the effec<span class=\"_ _0\"></span>tive int<span class=\"_ _0\"></span>erest rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>that w<span class=\"_ _0\"></span>as used to di<span class=\"_ _0\"></span>scount th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>futu<span class=\"_ _2b\"></span>re cash</div>\n<div class=\"t m0 x1a h4f yd42 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows for th<span class=\"_ _0\"></span>e <span class=\"wsfa\">purpo<span class=\"_ _0\"></span>se of meas<span class=\"_ _2b\"></span>uring the recov<span class=\"_ _2b\"></span>erable amount<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y8bc fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f y8bd fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Dividen<span class=\"_ _2b\"></span>ds are recognised in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt when they a<span class=\"_ _0\"></span>re</div>\n<div class=\"t m0 x1a h4f y8be fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 630px; height: 21px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x1a h4f y8bf fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c0 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas act<span class=\"_ _0\"></span>s as a lessor un<span class=\"_ _2b\"></span>der non<span class=\"ls0 ws0\">-</span>cancellabl<span class=\"_ _0\"></span>e lease con<span class=\"_ _0\"></span>tracts that<span class=\"_ _0\"></span> may</div>\n<div class=\"t m0 x1a h4f yd43 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contain renewa<span class=\"_ _2\"></span>l options for investment prope<span class=\"_ _2\"></span>rty and certain proper<span class=\"lsfc ws115\">ti<span class=\"_ _2\"></span>es </span></div>\n<div class=\"t m0 x1a h4f yd44 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">held for own us<span class=\"_ _2b\"></span>e. Rental incom<span class=\"_ _0\"></span>e and other inc<span class=\"_ _0\"></span>ome is rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d, net of</div>\n<div class=\"t m0 x1a h4f yd45 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease incentiv<span class=\"_ _2\"></span>es granted to lessees, on a st<span class=\"_ _2\"></span>raight line basis, unless<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd46 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">there is compell<span class=\"_ _2\"></span>ing evidence that benefi<span class=\"_ _2\"></span>ts do not accrue evenly over the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd47 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period of t<span class=\"_ _0\"></span>he lease.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 372px; width: 351px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h4f yd48 fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.18 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span></span>Realised<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and unrea<span class=\"_ _2\"></span>lised gains and los<span class=\"_ _2\"></span>ses<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yca8 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For fin<span class=\"_ _0\"></span>ancial i<span class=\"_ _0\"></span>nstrume<span class=\"_ _0\"></span>nts class<span class=\"_ _2b\"></span>ified as avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-</span><span class=\"lse2\">sal<span class=\"_ _2\"></span>e, realised gains </span></div>\n<div class=\"t m0 x1a h4f yca9 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or losses o<span class=\"_ _0\"></span>n sales and div<span class=\"_ _0\"></span>estme<span class=\"_ _0\"></span>nts repres<span class=\"_ _0\"></span>ent the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e between</div>\n<div class=\"t m0 x1a h4f ycaa fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the proc<span class=\"_ _2b\"></span>eeds received a<span class=\"_ _0\"></span>nd the i<span class=\"_ _2b\"></span>nitial book val<span class=\"_ _2b\"></span>ue of the asset s<span class=\"_ _0\"></span>old, min<span class=\"_ _0\"></span>us</div>\n<div class=\"t m0 x1a h4f ycab fff2 fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">any im<span class=\"lse0 wsf0\">pairment los<span class=\"_ _0\"></span>ses recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>, and after </span></div>\n<div class=\"t m0 x1a h4f ycac fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">adjustment <span class=\"_ _2\"></span>for the impact of<span class=\"_ _2\"></span> any hedge accounti<span class=\"_ _2\"></span>ng. Realised gains <span class=\"_ _2\"></span>and</div>\n<div class=\"t m0 x1a h4f ycad fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">losses on sales<span class=\"_ _2\"></span> are included in the income sta<span class=\"_ _2\"></span>tement under \u2018Result on</div>\n<div class=\"t m0 x1a h4f ycae fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">sales and <span class=\"_ _2\"></span>revaluations\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycaf fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb0 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For financial in<span class=\"_ _2\"></span>struments me<span class=\"lse0 wsfa\">asured at<span class=\"_ _2b\"></span> fair value thro<span class=\"_ _2b\"></span>ugh profit or lo<span class=\"_ _0\"></span>ss, </span></div>\n<div class=\"t m0 x1a h4f ycb1 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>arrying v<span class=\"_ _0\"></span>alue at t<span class=\"_ _2b\"></span>he end of the c<span class=\"_ _0\"></span>urrent</div>\n<div class=\"t m0 x1a h4f ycb2 fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">reporting per<span class=\"_ _2\"></span>iod versus the pre<span class=\"_ _2\"></span>vious reporting p<span class=\"_ _2\"></span>eriod is included<span class=\"_ _2\"></span> in the</div>\n<div class=\"t m0 x1a h4f yd49 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement under \u2018Res<span class=\"_ _0\"></span>ult on sal<span class=\"_ _0\"></span>es and reval<span class=\"_ _0\"></span>uations<span class=\"_ _0\"></span>\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 199px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 597px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 807px; width: 351px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 284px; height: 319px; width: 350px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 283px; height: 823px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For deri<span class=\"_ _0\"></span>vatives,<span class=\"_ _0\"></span> the dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _2b\"></span>e between the c<span class=\"_ _2b\"></span>arrying clea<span class=\"_ _0\"></span>n fair val<span class=\"_ _2b\"></span>ue (i.e.</div>\n<div class=\"t m0 x7 h4f y803 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">excludi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nrealis<span class=\"_ _2b\"></span>ed portion of t<span class=\"_ _0\"></span>he inter<span class=\"_ _0\"></span>est accr<span class=\"_ _2b\"></span>uals) at the en<span class=\"_ _2b\"></span>d of</div>\n<div class=\"t m0 x7 h4f y804 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the current repor<span class=\"_ _2\"></span>ting period versus the pre<span class=\"_ _2\"></span>vious reporting period<span class=\"_ _2\"></span> is</div>\n<div class=\"t m0 x7 h4f y805 fff7 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">inclu<span class=\"_ _2\"></span><span class=\"lse0\">ded i<span class=\"_ _2b\"></span>n the income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> under \u2018R<span class=\"_ _2b\"></span>esults on sal<span class=\"_ _0\"></span>es and </span></div>\n<div class=\"t m0 x7 h4f y806 fff7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">revaluat<span class=\"_ _2b\"></span>ions\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Upon de<span class=\"_ _0\"></span>recogni<span class=\"_ _0\"></span>tion or <span class=\"_ _0\"></span>upon im<span class=\"_ _0\"></span>pairment<span class=\"_ _0\"></span> of a fin<span class=\"_ _0\"></span>ancial <span class=\"_ _0\"></span>asset, t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y809 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unreal<span class=\"_ _0\"></span>ised gains a<span class=\"_ _0\"></span>nd losses p<span class=\"_ _0\"></span>revious<span class=\"_ _0\"></span>ly recogn<span class=\"_ _0\"></span>ised direc<span class=\"_ _0\"></span>tly in equ<span class=\"_ _0\"></span>ity are</div>\n<div class=\"t m0 x7 h4f y80a fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recycled throug<span class=\"_ _2\"></span>h the income statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 961px; height: 136px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 961px; height: 141px; width: 351px; z-index: 5;\"><br/></div>\n\n\n<div class=\"t m0 x7 h4f y8cd fff7 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.19 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsf0\">Fe<span class=\"_ _0\"></span>e and commis<span class=\"_ _0\"></span>sion inc<span class=\"_ _2b\"></span>ome<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yc80 fff9 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Fees as i<span class=\"_ _2\"></span>ntegral <span class=\"wsf1\">part<span class=\"ls0 ws0\"> </span></span><span class=\"lse0\">of effective i<span class=\"_ _2b\"></span>nterest rate<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc81 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Fees th<span class=\"_ _0\"></span>at are an <span class=\"_ _0\"></span>integr<span class=\"_ _0\"></span>al part of<span class=\"_ _0\"></span> the ef<span class=\"_ _2b\"></span>fective inter<span class=\"_ _0\"></span>est rate<span class=\"_ _0\"></span> of a fin<span class=\"_ _0\"></span>ancial</div>\n<div class=\"t m0 x7 h4f yc82 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent are gen<span class=\"_ _0\"></span>erally tr<span class=\"_ _0\"></span>eated as an<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>adjus<span class=\"_ _0\"></span>tment to t<span class=\"_ _0\"></span>he effecti<span class=\"_ _0\"></span>ve</div>\n<div class=\"t m0 x7 h4f yc83 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate. T<span class=\"_ _2b\"></span>his is the case f<span class=\"_ _0\"></span>or o<span class=\"wsf0\">rigi<span class=\"_ _0\"></span>nation fe<span class=\"_ _0\"></span>es, receiv<span class=\"_ _2b\"></span>ed as </span></div>\n<div class=\"t m0 x7 h4f yc84 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compens<span class=\"_ _2b\"></span>ation for activit<span class=\"_ _0\"></span>ies such as ev<span class=\"_ _2b\"></span>aluating the borr<span class=\"_ _0\"></span>ower\u2019s fin<span class=\"_ _0\"></span>ancial</div>\n<div class=\"t m0 x7 h4f yc85 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conditi<span class=\"_ _0\"></span>on, evalu<span class=\"_ _2b\"></span>ating and recordi<span class=\"_ _0\"></span>ng guarant<span class=\"_ _0\"></span>ees, etc. a<span class=\"_ _2b\"></span>nd also for</div>\n<div class=\"t m0 x7 h4f y887 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">origin<span class=\"_ _0\"></span>ation fees r<span class=\"_ _0\"></span>eceived on i<span class=\"_ _0\"></span>ssuing f<span class=\"_ _0\"></span>inancial l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies measur<span class=\"_ _2b\"></span>ed at</div>\n<div class=\"t m0 x7 h4f y888 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost. Bo<span class=\"_ _2b\"></span>th <span class=\"_ _2\"></span>ty<span class=\"_ _0\"></span>pes of fees a<span class=\"_ _0\"></span>re deferre<span class=\"_ _0\"></span>d and are rec<span class=\"_ _0\"></span>ognised as</div>\n<div class=\"t m0 x7 h4f y889 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an adjust<span class=\"_ _0\"></span>ment to the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _0\"></span>e interest<span class=\"_ _0\"></span> rate of the un<span class=\"_ _0\"></span>derlying f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x7 h4f y88a fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent, meas<span class=\"_ _2b\"></span>ured at amortise<span class=\"_ _0\"></span>d cost. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88b fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y88c fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the f<span class=\"_ _2b\"></span>inancial inst<span class=\"_ _0\"></span>rument <span class=\"_ _0\"></span>is meas<span class=\"_ _0\"></span>ured at f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it or</div>\n<div class=\"t m0 x7 h4f y88d fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss, t<span class=\"_ _0\"></span>he fees <span class=\"wsf0\">ar<span class=\"_ _2b\"></span>e recognised as rev<span class=\"_ _2b\"></span>enue when the inst<span class=\"_ _0\"></span>rument is<span class=\"_ _0\"></span> initially<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y88e fff7 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">recognised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y9a8 fff9 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Fees recogn<span class=\"_ _2\"></span>ised as services a<span class=\"_ _2\"></span>re provided<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9a9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fees are gen<span class=\"_ _2b\"></span>erally recogni<span class=\"_ _0\"></span>sed as rev<span class=\"_ _0\"></span>enue as the se<span class=\"_ _0\"></span>rvices ar<span class=\"_ _0\"></span>e provide<span class=\"_ _0\"></span>d.</div>\n<div class=\"t m0 x7 h4f y9aa fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">If it i<span class=\"_ _2\"></span>s unlikely that a<span class=\"_ _2\"></span> specific lending<span class=\"_ _2\"></span> arrangement wil<span class=\"_ _2\"></span>l be <span class=\"lse0 wsf0\">enter<span class=\"_ _0\"></span>ed into </span></div>\n<div class=\"t m0 x7 h4f y9ab fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the loan commit<span class=\"_ _2\"></span>ment is not considered a de<span class=\"_ _2\"></span>rivative, the commitment</div>\n<div class=\"t m0 x7 h4f y9ac fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fee is recog<span class=\"_ _0\"></span>nised as<span class=\"_ _0\"></span> revenue on a tim<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>pro<span class=\"_ _2b\"></span>portion basis ov<span class=\"_ _0\"></span>er the</div>\n<div class=\"t m0 x7 h4f y9ad fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">commitment per<span class=\"_ _2\"></span>iod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9ae fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9af fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Reinsurance <span class=\"_ _2\"></span>commissions are rec<span class=\"_ _2\"></span>ognised as earned<span class=\"_ _2\"></span>, reinsurance</div>\n<div class=\"t m0 x7 h4f y9b0 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _0\"></span>eatures ar<span class=\"_ _2b\"></span>e recognised as reve<span class=\"_ _2b\"></span>nue upon receipt.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yc87 fff9 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Fees recognised<span class=\"_ _2\"></span> upon completion of the underly<span class=\"_ _2\"></span>ing transaction<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc88 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fees aris<span class=\"_ _0\"></span>ing from neg<span class=\"_ _2b\"></span>otiating or parti<span class=\"_ _0\"></span>cipating i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the n<span class=\"_ _0\"></span>egotiat<span class=\"_ _0\"></span>ion of a</div>\n<div class=\"t m0 x7 h4f yc89 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion for a third party,<span class=\"_ _0\"></span> are recog<span class=\"_ _0\"></span>nised upo<span class=\"_ _0\"></span>n complet<span class=\"_ _0\"></span>ion of the</div>\n<div class=\"t m0 x7 h4f yc8a fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">underly<span class=\"_ _0\"></span>ing tran<span class=\"_ _0\"></span>sactio<span class=\"_ _2b\"></span>n. Commission <span class=\"_ _0\"></span>revenu<span class=\"_ _0\"></span>e is reco<span class=\"_ _2b\"></span>gnised when th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f yc8b fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">perform<span class=\"_ _2b\"></span>ance obligati<span class=\"_ _0\"></span>on is com<span class=\"_ _2b\"></span>plete. Loan sy<span class=\"_ _0\"></span>ndicat<span class=\"_ _0\"></span>ion fees a<span class=\"_ _0\"></span>re</div>\n<div class=\"t m0 x7 h4f yc8c fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as reve<span class=\"_ _0\"></span>nue when the s<span class=\"_ _0\"></span>yndicat<span class=\"_ _0\"></span>ion has bee<span class=\"_ _0\"></span>n complet<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yce0 fff9 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Fee from<span class=\"_ _0\"></span> invest<span class=\"_ _0\"></span>ment c<span class=\"_ _0\"></span>ontracts<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yce1 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Revenues from in<span class=\"_ _2\"></span>vestment contracts,<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">of which the c<span class=\"_ _0\"></span>overed <span class=\"_ _0\"></span>insura<span class=\"_ _0\"></span>nce </span></span></div>\n<div class=\"t m0 x7 h4f yd24 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">risk is n<span class=\"_ _0\"></span>ot sign<span class=\"_ _0\"></span>ificant,<span class=\"_ _0\"></span> consis<span class=\"_ _0\"></span>t of fees<span class=\"_ _0\"></span> for the c<span class=\"_ _2b\"></span>overage of ins<span class=\"_ _2b\"></span>urance,</div>\n<div class=\"t m0 x7 h4f yd25 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">administ<span class=\"_ _2b\"></span>ration fees and sur<span class=\"_ _2b\"></span>render charges. F<span class=\"_ _0\"></span>ees are rec<span class=\"_ _0\"></span>ognised as</div>\n<div class=\"t m0 x7 h4f yd26 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">revenu<span class=\"_ _0\"></span>e as the s<span class=\"_ _0\"></span>ervic<span class=\"_ _0\"></span>es are prov<span class=\"_ _2b\"></span>ided. Expens<span class=\"_ _0\"></span>es inclu<span class=\"_ _0\"></span>de mort<span class=\"_ _2b\"></span>ality claims</div>\n<div class=\"t m0 x7 h4f yd27 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and inter<span class=\"_ _0\"></span>est c<span class=\"lse2 wsf1\">redited.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 629px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 792px; width: 351px; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h4f yd4c fff7 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.20 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsef\">Inc<span class=\"_ _2b\"></span>ome<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">tax</span> </span></span></span></div>\n<div class=\"t m0 x1a h55 yce7 fff9 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Current <span class=\"_ _2\"></span><span class=\"lsfc ws115\">tax<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yce8 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Current t<span class=\"_ _2b\"></span>ax is the amou<span class=\"_ _0\"></span>nt of inc<span class=\"_ _0\"></span>ome tax<span class=\"_ _0\"></span>es payab<span class=\"_ _2b\"></span>le (recovera<span class=\"_ _0\"></span>ble) in</div>\n<div class=\"t m0 x1a h4f yce9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect of<span class=\"_ _0\"></span> the taxabl<span class=\"_ _0\"></span>e profit (tax<span class=\"_ _0\"></span> loss) for a p<span class=\"_ _0\"></span>eriod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycea fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yceb fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Income tax<span class=\"_ _0\"></span> payabl<span class=\"_ _0\"></span>e on profits is<span class=\"_ _0\"></span> recognis<span class=\"_ _2b\"></span>ed as an expense base<span class=\"_ _2b\"></span>d on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f yd4d fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applicable ta<span class=\"_ _2\"></span>x laws in<span class=\"ls0 ws0\"> </span>each jurisdi<span class=\"_ _2\"></span>ction in the period in which pro<span class=\"_ _2\"></span>fits</div>\n<div class=\"t m0 x1a h4f yd4e fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">arise. T<span class=\"_ _0\"></span>he tax <span class=\"_ _0\"></span>effects<span class=\"_ _0\"></span> of incom<span class=\"_ _2b\"></span>e tax losses av<span class=\"_ _0\"></span>ailabl<span class=\"_ _0\"></span>e for car<span class=\"_ _0\"></span>ry<span class=\"ls0 ws0\">-</span><span class=\"wsef\">forwar<span class=\"_ _0\"></span>d </span></div>\n<div class=\"t m0 x1a h4f yd4f fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are reco<span class=\"_ _0\"></span>gnised <span class=\"_ _0\"></span>as a defe<span class=\"_ _2b\"></span>rred tax asset if<span class=\"_ _0\"></span> it is p<span class=\"_ _0\"></span>robable t<span class=\"_ _2b\"></span>hat future</div>\n<div class=\"t m0 x1a h4f yd50 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">taxabl<span class=\"_ _0\"></span>e profit w<span class=\"_ _0\"></span>ill be a<span class=\"_ _0\"></span>vailabl<span class=\"_ _0\"></span>e agains<span class=\"_ _0\"></span>t whic<span class=\"_ _0\"></span>h those lo<span class=\"_ _2b\"></span>sses can b<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f yd51 fff7 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">utilised<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd52 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd35 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If a leg<span class=\"_ _0\"></span>al entity <span class=\"_ _0\"></span>assess<span class=\"_ _2b\"></span>es that it is not<span class=\"_ _0\"></span> prob<span class=\"_ _0\"></span>able that t<span class=\"_ _2b\"></span>he relevant ta<span class=\"_ _0\"></span>xation</div>\n<div class=\"t m0 x1a h4f yd36 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">authorit<span class=\"_ _0\"></span>y will acce<span class=\"_ _2b\"></span>pt the tax treatment<span class=\"_ _0\"></span> applie<span class=\"_ _0\"></span>d, that lega<span class=\"_ _0\"></span>l entity ref<span class=\"_ _0\"></span>lects</div>\n<div class=\"t m0 x1a h4f yd37 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the effect of<span class=\"_ _0\"></span> uncert<span class=\"_ _0\"></span>ainty for eac<span class=\"_ _2b\"></span>h uncertain tax tre<span class=\"_ _2b\"></span>atment by using eit<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x1a h4f yd38 fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the most l<span class=\"_ _2\"></span>ikel<span class=\"lse0 wsf0\">y amount o<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>the ex<span class=\"_ _0\"></span>pected va<span class=\"_ _0\"></span>lue base<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>on a ran<span class=\"_ _0\"></span>ge of </span></div>\n<div class=\"t m0 x1a h4f yd39 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">possibl<span class=\"_ _0\"></span>e outcomes<span class=\"_ _2b\"></span>, depending on whi<span class=\"_ _0\"></span>ch method<span class=\"_ _0\"></span> better pre<span class=\"_ _0\"></span>dicts the</div>\n<div class=\"t m0 x1a h4f yd3a fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">resolut<span class=\"_ _0\"></span>ion of th<span class=\"_ _2b\"></span>e uncertainty.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yd53 fff9 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd54 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred tax lia<span class=\"_ _2\"></span>bilities are the amounts of<span class=\"_ _2\"></span> income taxes payable in future</div>\n<div class=\"t m0 x1a h4f yd55 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">periods i<span class=\"_ _0\"></span>n respect of<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">taxable temp<span class=\"_ _2\"></span>orary differences. Deferred t<span class=\"_ _2\"></span>ax assets </span></span></div>\n<div class=\"t m0 x1a h4f yd56 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are the amount<span class=\"_ _2\"></span>s of income taxes recoverable<span class=\"_ _2\"></span> in future periods in respec<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x1a h4f yd57 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of deducti<span class=\"_ _2b\"></span>ble temporary dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _0\"></span>es, the car<span class=\"_ _0\"></span>ry forwar<span class=\"_ _0\"></span>d of unused t<span class=\"_ _0\"></span>ax</div>\n<div class=\"t m0 x1a h4f yd58 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">losses an<span class=\"_ _0\"></span>d of unused tax<span class=\"_ _0\"></span> credits<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd59 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd5a fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred tax is prov<span class=\"_ _2\"></span>ided in<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">full, using t<span class=\"_ _0\"></span>he statem<span class=\"_ _2b\"></span>ent of financial pos<span class=\"_ _0\"></span>ition </span></span></div>\n<div class=\"t m0 x1a h4f yd5b fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y method,<span class=\"_ _0\"></span> on tempora<span class=\"_ _2b\"></span>ry differences ari<span class=\"_ _0\"></span>sing betw<span class=\"_ _2b\"></span>een the tax bases</div>\n<div class=\"t m0 x1a h4f yd5c fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of assets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties and the<span class=\"_ _2b\"></span>ir carrying amou<span class=\"_ _0\"></span>nts in the Co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f yd5d fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al Statements.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd5e fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd5f fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The rates e<span class=\"_ _0\"></span>nacted or su<span class=\"_ _0\"></span>bstanti<span class=\"_ _2b\"></span>vely ena<span class=\"wsfa\">cted at t<span class=\"_ _2b\"></span>he date of th<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent </span></div>\n<div class=\"t m0 x1a h4f y8c1 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of fina<span class=\"_ _0\"></span>ncial pos<span class=\"_ _2b\"></span>ition are use<span class=\"_ _0\"></span>d to deter<span class=\"_ _2b\"></span>mine the defer<span class=\"_ _0\"></span>red tax<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8c2 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c3 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax assets a<span class=\"_ _0\"></span>re recog<span class=\"_ _0\"></span>nised to<span class=\"_ _0\"></span> the exte<span class=\"_ _2b\"></span>nt that it is pr<span class=\"_ _0\"></span>obable t<span class=\"_ _0\"></span>hat</div>\n<div class=\"t m0 x1a h4f y8c4 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">suffici<span class=\"_ _0\"></span>ent futu<span class=\"_ _0\"></span>re tax<span class=\"_ _0\"></span>able prof<span class=\"_ _0\"></span>it wil<span class=\"_ _0\"></span>l be avai<span class=\"_ _0\"></span>lable t<span class=\"_ _0\"></span>o allow t<span class=\"_ _0\"></span>he benef<span class=\"_ _0\"></span>it of part<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y8c5 fff7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or <span class=\"wsf0\">the entire d<span class=\"_ _0\"></span>eferred t<span class=\"_ _0\"></span>ax asset to b<span class=\"_ _0\"></span>e utilise<span class=\"_ _0\"></span>d.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd48 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yca8 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax liabilit<span class=\"_ _0\"></span>ies are p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>d on taxab<span class=\"_ _2b\"></span>le temporary<span class=\"_ _0\"></span> differe<span class=\"_ _0\"></span>nces</div>\n<div class=\"t m0 x1a h4f yca9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">arising f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tments i<span class=\"_ _0\"></span>n subsidi<span class=\"_ _0\"></span>aries, ass<span class=\"_ _2b\"></span>ociates, and joint<span class=\"_ _0\"></span> ventures<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x1a h4f ycaa fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">except w<span class=\"_ _2b\"></span>here the timin<span class=\"_ _0\"></span>g of the <span class=\"_ _0\"></span>reversal <span class=\"_ _0\"></span>of the t<span class=\"_ _0\"></span>emporar<span class=\"_ _2b\"></span>y difference c<span class=\"_ _0\"></span>an</div>\n<div class=\"t m0 x1a h4f ycab fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">be contr<span class=\"_ _2b\"></span>olled and it is <span class=\"_ _0\"></span>probable t<span class=\"_ _2b\"></span>hat the diff<span class=\"_ _0\"></span>erence w<span class=\"_ _0\"></span>ill not re<span class=\"_ _2b\"></span>verse in the</div>\n<div class=\"t m0 x1a h4f ycac fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">foreseeable fu<span class=\"_ _2\"></span>ture.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycad fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycae fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Current <span class=\"_ _2b\"></span>and deferred t<span class=\"_ _0\"></span>ax relat<span class=\"_ _0\"></span>ed to fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e remeas<span class=\"_ _2b\"></span>urement of ite<span class=\"_ _0\"></span>ms in</div>\n<div class=\"t m0 x1a h4f ycaf fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the stat<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> financi<span class=\"_ _2b\"></span>al position wh<span class=\"_ _2b\"></span>ich are c<span class=\"lse2\">harged or cre<span class=\"_ _2\"></span>dited directly </span></div>\n<div class=\"t m0 x1a h4f ycb0 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to equity (s<span class=\"_ _0\"></span>uch as avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-</span>sale investme<span class=\"_ _0\"></span>nts and cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span>flow hedges<span class=\"_ _2b\"></span>)</div>\n<div class=\"t m0 x1a h4f ycb1 fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is also <span class=\"_ _2\"></span>credited or charged <span class=\"_ _2\"></span>directly to equi<span class=\"_ _2\"></span>ty and is subsequen<span class=\"_ _2\"></span>tly</div>\n<div class=\"t m0 x1a h4f ycb2 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent together wi<span class=\"_ _0\"></span>th the d<span class=\"_ _2b\"></span>eferred gain o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f yd49 fff7 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 482px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 802px; width: 352px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 807px; width: 352px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 299px; height: 807px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 fffb fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.21 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span></span>Ear<span class=\"wsfa\">nings per share<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Basic earnin<span class=\"_ _2\"></span>gs per share are<span class=\"_ _2\"></span> calculated by di<span class=\"_ _2\"></span>viding net resul<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x7 h4f y804 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">attribut<span class=\"_ _2b\"></span>able to ordinary sh<span class=\"_ _2b\"></span>areholders by the w<span class=\"_ _2b\"></span>eighted averag<span class=\"_ _0\"></span>e number of</div>\n<div class=\"t m0 x7 h4f y805 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">ordinary <span class=\"_ _2\"></span>shares in issue d<span class=\"_ _2\"></span>uring the year, e<span class=\"_ _2\"></span>xcluding the average<span class=\"_ _2\"></span> number</div>\n<div class=\"t m0 x7 h4f y806 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of ordina<span class=\"_ _0\"></span>ry shares pu<span class=\"_ _0\"></span>rchased<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>by Ag<span class=\"_ _0\"></span>eas and hel<span class=\"_ _0\"></span>d as treasu<span class=\"_ _0\"></span>ry shares.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 fffb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For the dil<span class=\"_ _0\"></span>uted earni<span class=\"_ _0\"></span>ngs per shar<span class=\"_ _0\"></span>e, the weig<span class=\"_ _2b\"></span>hted average numb<span class=\"_ _0\"></span>er of</div>\n<div class=\"t m0 x7 h4f y809 fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">ordinary share<span class=\"_ _2\"></span>s in issue is adjusted to assum<span class=\"_ _2\"></span>e conversion of all dilutiv<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x7 h4f y80a fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">potenti<span class=\"_ _0\"></span>al ordina<span class=\"_ _2b\"></span>ry <span class=\"_ _2\"></span>sha<span class=\"_ _0\"></span>res, suc<span class=\"_ _0\"></span>h as convert<span class=\"_ _0\"></span>ible debt,<span class=\"_ _0\"></span> preferr<span class=\"_ _0\"></span>ed shares<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y80b fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">share opti<span class=\"lse0 wsf0\">ons and restrict<span class=\"_ _0\"></span>ed shares g<span class=\"_ _0\"></span>ranted to e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es. Potent<span class=\"_ _2b\"></span>ial or </span></div>\n<div class=\"t m0 x1a h4f yc3c fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contingent shar<span class=\"_ _2\"></span>e issuances are treated as dil<span class=\"_ _2\"></span>utive when their conversion<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd61 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">to shares<span class=\"_ _2\"></span> would decrease net<span class=\"_ _2\"></span> earnings per shar<span class=\"_ _2\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd62 fffb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd63 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The impact <span class=\"_ _2\"></span>of discontinued o<span class=\"_ _2\"></span>perations on the ba<span class=\"_ _2\"></span>sic and diluted e<span class=\"_ _2\"></span>arnings</div>\n<div class=\"t m0 x1a h4f yd64 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">per share is s<span class=\"_ _0\"></span>hown by div<span class=\"_ _0\"></span>iding net r<span class=\"_ _0\"></span>esult bef<span class=\"_ _2b\"></span>ore discontinued o<span class=\"_ _2b\"></span>perations</div>\n<div class=\"t m0 x1a h4f yd65 fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">by the weighted<span class=\"_ _2\"></span> average number of ordinary share<span class=\"_ _2\"></span>s in issue during the</div>\n<div class=\"t m0 x1a h4f yd66 fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">year, excluding<span class=\"_ _2\"></span> the average number of ord<span class=\"wsfa\">i<span class=\"_ _2\"></span>nary shares purcha<span class=\"_ _2\"></span>sed by </span></div>\n<div class=\"t m0 x1a h4f yd67 fffb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas a<span class=\"_ _0\"></span>nd held as<span class=\"_ _2b\"></span> treasury shar<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 944px; height: 162px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 944px; height: 162px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag395": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yb9a ffa4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Financial asset<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yb9b ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A financi<span class=\"_ _0\"></span>al instrum<span class=\"_ _2b\"></span>ent is any contract tha<span class=\"_ _2b\"></span>t <span class=\"_ _2\"></span>giv<span class=\"_ _2b\"></span>es rise to a financial as<span class=\"_ _0\"></span>set</div>\n<div class=\"t m0 x7 h4f yb9c ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of one entity<span class=\"_ _0\"></span> and a financ<span class=\"_ _0\"></span>ial liabi<span class=\"_ _0\"></span>lity or equ<span class=\"_ _2b\"></span>ity instrument o<span class=\"_ _0\"></span>f another</div>\n<div class=\"t m0 x7 h4f yb9d ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">entity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb9e ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb9f ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas clas<span class=\"_ _0\"></span>sifies a<span class=\"_ _0\"></span>nd measur<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>fin<span class=\"_ _2b\"></span>ancial assets and <span class=\"ls102 ws11d\">financial liabi<span class=\"_ _2\"></span>lities </span></div>\n<div class=\"t m0 x7 h4f yba0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on th<span class=\"_ _0\"></span>e nature of th<span class=\"_ _0\"></span>e underly<span class=\"_ _0\"></span>ing trans<span class=\"_ _0\"></span>actions<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yba1 ffa6 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication of<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">financial<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">asset<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yba2 ffa4 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Management det<span class=\"_ _0\"></span>ermines the app<span class=\"_ _0\"></span>ropriate clas<span class=\"_ _0\"></span>sification of it<span class=\"_ _0\"></span>s financial</div>\n<div class=\"t m0 x7 h4f yba3 ffa4 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">instruments at<span class=\"_ _0\"></span> the acquisitio<span class=\"_ _0\"></span>n date:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yba4 ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse2 wsf1\">H<span class=\"_ _2\"></span>eld</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">to</span>-<span class=\"lse0 wsf0\">maturity: inclu<span class=\"_ _2b\"></span>des debt securit<span class=\"_ _2b\"></span>ies with a fixed matur<span class=\"_ _0\"></span>ity of </span></span></span></div>\n<div class=\"t m0 x43 h4f yba5 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">which management ha<span class=\"_ _2\"></span>s both the intention and<span class=\"_ _2\"></span> the ability to hold the</div>\n<div class=\"t m0 x43 h4f yba6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents to mat<span class=\"_ _0\"></span>urity;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yba7 ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse0 wsf0\">Loans and rece<span class=\"wsfa\">iva<span class=\"_ _2b\"></span>bles: includes<span class=\"_ _0\"></span> debt sec<span class=\"_ _2b\"></span>urities with f<span class=\"_ _0\"></span>ixed or </span></span></span></div>\n<div class=\"t m0 x43 h4f yba8 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>nable payments th<span class=\"_ _0\"></span>at are not q<span class=\"_ _0\"></span>uoted in an act<span class=\"_ _0\"></span>ive mark<span class=\"_ _0\"></span>et and</div>\n<div class=\"t m0 x43 h4f yba9 ffa4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that, upon <span class=\"_ _2\"></span>initial recognition<span class=\"_ _2\"></span>, are not designa<span class=\"_ _2\"></span>ted as held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-</span><span class=\"wsf1\">trading </span></div>\n<div class=\"t m0 x43 h4f ybaa ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">nor as avail<span class=\"_ _2b\"></span>able<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-</span><span class=\"wsef\">sale;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f ybab ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 ls102 ws11d\">A<span class=\"_ _2\"></span>vailable</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsfa\">sale: inc<span class=\"_ _0\"></span>ludes s<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>ies to b<span class=\"wsf0\">e h<span class=\"_ _2b\"></span>eld for an indefinit<span class=\"_ _0\"></span>e </span></span></span></span></div>\n<div class=\"t m0 x43 h4f ybac ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">period of<span class=\"_ _0\"></span> time, w<span class=\"_ _2b\"></span>hich may be sol<span class=\"_ _2b\"></span>d in response t<span class=\"_ _0\"></span>o needs f<span class=\"_ _2b\"></span>or liquidity</div>\n<div class=\"t m0 x43 h4f ybad ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or to changes<span class=\"_ _0\"></span> in interes<span class=\"_ _0\"></span>t rates,<span class=\"_ _0\"></span> exchange r<span class=\"_ _0\"></span>ates or equi<span class=\"_ _0\"></span>ty prices<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x7 h4f ybae ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse0 wsf0\">Financial asset<span class=\"_ _0\"></span>s held at fai<span class=\"_ _0\"></span>r value throu<span class=\"_ _2b\"></span>gh profit or loss:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x43 h4f ybaf ffaa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffa9\"> <span class=\"_ _a\"> </span><span class=\"ffa4 lse2 wsf1\">Held</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">for<span class=\"_ _2\"></span></span>-<span class=\"lse2 wsfa\">trading: include<span class=\"_ _2\"></span>s secur<span class=\"lse0 wsf0\">ities th<span class=\"_ _0\"></span>at are acqui<span class=\"_ _2b\"></span>red for the </span></span></span></span></div>\n<div class=\"t m0 x217 h4f ybb0 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">purpose of genera<span class=\"_ _2\"></span>ting short<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term profi<span class=\"_ _0\"></span>ts;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x43 h4f ybb1 ffaa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffa9\"> <span class=\"_ _a\"> </span><span class=\"ffa4 lse0 wsfa\">Financ<span class=\"_ _2b\"></span>ial securiti<span class=\"_ _0\"></span>es desig<span class=\"_ _2b\"></span>nated at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it or </span></span></div>\n<div class=\"t m0 x217 h4f ybb2 ffa4 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 ybb3 ffa6 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Measure<span class=\"_ _0\"></span>ment of fi<span class=\"_ _0\"></span>nancial ass<span class=\"_ _2b\"></span>ets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ybb4 ffa4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"lse0 wsf0\">maturit<span class=\"_ _0\"></span>y invest<span class=\"_ _0\"></span>ments ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d at amortis<span class=\"_ _2b\"></span>ed cost less any </span></span></div>\n<div class=\"t m0 x7 h4f ybb5 ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">allowan<span class=\"_ _0\"></span>ces <span class=\"wsfa\">for im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt. Any <span class=\"_ _0\"></span>differen<span class=\"_ _2b\"></span>ce with the fai<span class=\"_ _2b\"></span>r value at initi<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x1a h4f ybb6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, resulting fr<span class=\"_ _2b\"></span>om transaction c<span class=\"_ _0\"></span>osts, init<span class=\"_ _0\"></span>ial premi<span class=\"_ _2b\"></span>ums or</div>\n<div class=\"t m0 x1a h4f ybb7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _0\"></span>s, is amo<span class=\"_ _0\"></span>rtised ov<span class=\"_ _0\"></span>er the life of<span class=\"_ _0\"></span> the invest<span class=\"_ _0\"></span>ment usi<span class=\"_ _0\"></span>ng the effec<span class=\"_ _0\"></span>tive</div>\n<div class=\"t m0 x1a h4f ybb8 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t metho<span class=\"_ _0\"></span>d. If a he<span class=\"_ _0\"></span>ld<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>mat<span class=\"_ _2b\"></span>urity asset is d<span class=\"_ _0\"></span>etermi<span class=\"_ _0\"></span>ned to b<span class=\"_ _0\"></span>e impaire<span class=\"_ _2b\"></span>d,</div>\n<div class=\"t m0 x1a h4f ybb9 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the allo<span class=\"_ _2b\"></span>wance for impa<span class=\"_ _0\"></span>irment <span class=\"_ _0\"></span>is recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _2b\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 766px; height: 58px; width: 352px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 42px; width: 342px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f ybba ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f ybbb ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans and r<span class=\"_ _0\"></span>eceivabl<span class=\"_ _2b\"></span>es are measured at am<span class=\"_ _0\"></span>ortised c<span class=\"_ _0\"></span>ost less any<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ybbc ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">allowances for<span class=\"_ _2\"></span> impairment. At initial reco<span class=\"_ _2\"></span>gnition, loans and receiv<span class=\"_ _2\"></span>ables</div>\n<div class=\"t m0 x1a h4f ybbd ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are measu<span class=\"_ _0\"></span>red at fair va<span class=\"_ _2b\"></span>lue i<span class=\"lse2 ws103\">ncluding<span class=\"_ _2\"></span> transaction costs and ini<span class=\"_ _2\"></span>tial </span></div>\n<div class=\"t m0 x1a h4f ybbe ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms or disco<span class=\"_ _0\"></span>unts. Amo<span class=\"_ _2b\"></span>rtised cost is calc<span class=\"_ _0\"></span>ulated us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _0\"></span>ective</div>\n<div class=\"t m0 x1a h4f ybbf ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate m<span class=\"_ _0\"></span>ethod (<span class=\"_ _0\"></span>EIR), ta<span class=\"_ _2b\"></span>king into acc<span class=\"_ _0\"></span>ount any <span class=\"_ _0\"></span>disco<span class=\"_ _0\"></span>unt or pr<span class=\"_ _0\"></span>emium</div>\n<div class=\"t m0 x1a h4f ybc0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on acquisi<span class=\"_ _0\"></span>tion and fee<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>or cost<span class=\"_ _0\"></span>s that are an in<span class=\"_ _0\"></span>tegral pa<span class=\"_ _0\"></span>rt of the EIR.<span class=\"_ _0\"></span> The<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybc1 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EIR amo<span class=\"_ _0\"></span>rtisati<span class=\"_ _0\"></span>on is reco<span class=\"_ _2b\"></span>gnised in the i<span class=\"_ _0\"></span>ncome st<span class=\"_ _2b\"></span>atement. Gains<span class=\"_ _0\"></span> and</div>\n<div class=\"t m0 x1a h4f ybc2 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">losses a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> when th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ments</div>\n<div class=\"t m0 x1a h4f ybc3 ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">are <span class=\"lse2 wsf1\">de<span class=\"wsfa\">recognised o<span class=\"_ _2\"></span>r impaired. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 609px; height: 136px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f ybc4 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybc5 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For floati<span class=\"_ _2b\"></span>ng rate instrume<span class=\"_ _0\"></span>nts, the cas<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>flo<span class=\"_ _0\"></span>ws are perio<span class=\"_ _0\"></span>dically<span class=\"_ _0\"></span> re<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f ybc6 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed to reflect mo<span class=\"_ _2b\"></span>vements in ma<span class=\"_ _0\"></span>rket int<span class=\"_ _0\"></span>erest rat<span class=\"_ _2b\"></span>es. If the flo<span class=\"_ _0\"></span>ating</div>\n<div class=\"t m0 x1a h4f ybc7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate instr<span class=\"_ _2b\"></span>ument is initially rec<span class=\"_ _2b\"></span>ognised at an amo<span class=\"_ _0\"></span>unt (almost<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>eq<span class=\"_ _0\"></span>ual to the</div>\n<div class=\"t m0 x1a h4f ybc8 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">principal repa<span class=\"_ _2\"></span>yable, the re<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">estimation ha<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>no si<span class=\"_ _0\"></span>gnifica<span class=\"_ _0\"></span>nt effect on t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f ybc9 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> amount of th<span class=\"_ _0\"></span>e instrum<span class=\"_ _2b\"></span>ent and there w<span class=\"_ _2b\"></span>ill be no adjust<span class=\"_ _0\"></span>ment to t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f ybca ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>int<span class=\"_ _0\"></span>erest, rep<span class=\"_ _0\"></span>orted on an ac<span class=\"_ _2b\"></span>crual basis. How<span class=\"_ _0\"></span>ever, if a fl<span class=\"_ _0\"></span>oating</div>\n<div class=\"t m0 x1a h4f ybcb ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate instr<span class=\"_ _2b\"></span>ument is acquir<span class=\"_ _0\"></span>ed at a<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">significan<span class=\"_ _2\"></span>t premium or discount,</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">this </span></span></div>\n<div class=\"t m0 x1a h4f ybcc ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>m or disco<span class=\"_ _2b\"></span>unt is amortis<span class=\"_ _2b\"></span>ed over the exp<span class=\"_ _0\"></span>ected lif<span class=\"_ _0\"></span>e of the</div>\n<div class=\"t m0 x1a h4f ybcd ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent and is i<span class=\"_ _0\"></span>ncluded i<span class=\"_ _0\"></span>n the calcul<span class=\"_ _0\"></span>ation of the EI<span class=\"_ _2b\"></span>R. The carrying</div>\n<div class=\"t m0 x1a h4f ybce ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount is r<span class=\"_ _0\"></span>ecalcul<span class=\"_ _2b\"></span>ated each period b<span class=\"_ _0\"></span>y computi<span class=\"_ _0\"></span>ng the pres<span class=\"_ _0\"></span>ent value of</div>\n<div class=\"t m0 x1a h4f ybcf ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fut<span class=\"_ _2b\"></span>ure cash flows at the act<span class=\"_ _2b\"></span>ual effective inte<span class=\"_ _2b\"></span>rest rate. Any</div>\n<div class=\"t m0 x1a h4f ybd0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ments are re<span class=\"_ _2b\"></span>cognised in profi<span class=\"_ _0\"></span>t or loss.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybd1 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f ybd2 ffa4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsf0\">trading i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts, deriv<span class=\"_ _2b\"></span>atives and assets<span class=\"_ _0\"></span> design<span class=\"_ _0\"></span>ated as held </span></span></div>\n<div class=\"t m0 x1a h4f ybd3 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _2b\"></span>ough profit or l<span class=\"_ _0\"></span>oss are <span class=\"_ _2b\"></span>measured at fai<span class=\"_ _2b\"></span>r value. Chang<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x1a h4f ybd4 ffa4 fs3a fc14 sc0 lsfc ws121\" style=\"z-index: 15;\">in the<span class=\"_ _2\"></span><span class=\"ls102 ws11d\">ir<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">fair value a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e income stat<span class=\"_ _2b\"></span>ement. The (real<span class=\"_ _0\"></span>ised </span></span></span></div>\n<div class=\"t m0 x1a h4f ybd5 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and unre<span class=\"_ _2b\"></span>alised) resul<span class=\"_ _0\"></span>ts are inc<span class=\"_ _2b\"></span>luded in \u2018Resu<span class=\"_ _0\"></span>lt on sa<span class=\"_ _0\"></span>les and</div>\n<div class=\"t m0 x1a h4f ybd6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">revaluat<span class=\"_ _2b\"></span>ions\u2019. Interest re<span class=\"_ _2b\"></span>ceived (paid) on as<span class=\"_ _0\"></span>sets (lia<span class=\"_ _2b\"></span>bilities) held fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f ybd7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">trading is<span class=\"_ _0\"></span> reporte<span class=\"_ _0\"></span>d as intere<span class=\"_ _0\"></span>st income (e<span class=\"_ _0\"></span>xpense).<span class=\"_ _0\"></span> Divide<span class=\"lse2 wsfa\">nds received are </span></div>\n<div class=\"t m0 x1a h4f ybd8 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in \u2018Inter<span class=\"_ _0\"></span>est, divi<span class=\"_ _0\"></span>dend and ot<span class=\"_ _0\"></span>her invest<span class=\"_ _0\"></span>ment inc<span class=\"_ _0\"></span>ome\u2019.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 100px; width: 352px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 105px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 472px; width: 352px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 551px; width: 352px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 472px; width: 343px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 477px; width: 352px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 556px; width: 352px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 477px; width: 343px; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The majority of Ageas's financial investments (being bonds and equity<span class=\"ws103\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">instruments) are classified as available-for-sale and are measured at fair<span class=\"wsf0\"><span class=\"wsef\"> </span></span></div>\n<div class=\"t m0 x7 h4f y804 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">value. Changes in their fair value are recognised in other<span class=\"wsf1\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">comprehensive income until the investment is sold.<span class=\"lse0 wsf0\"> At the mo<span class=\"_ _0\"></span>ment of </span></div>\n<div class=\"t m0 x7 h4f y806 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span>, the accu<span class=\"_ _2b\"></span>mulated fair valu<span class=\"_ _0\"></span>e changes in ot<span class=\"_ _2b\"></span>her comprehe<span class=\"_ _0\"></span>nsive</div>\n<div class=\"t m0 x7 h4f y807 ffab fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">income<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are recycled throu<span class=\"_ _2\"></span>gh the income statement. Reve<span class=\"_ _2\"></span>nue o<span class=\"lse0 wsef\">n </span></span></span></div>\n<div class=\"t m0 x7 h4f y808 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"ws103\">sale<span class=\"_ _2\"></span> debt securities is recogni<span class=\"_ _2\"></span>sed using the effective </span></div>\n<div class=\"t m0 x7 h4f y809 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t metho<span class=\"_ _0\"></span>d. Peri<span class=\"_ _0\"></span>odic amo<span class=\"_ _0\"></span>rtisati<span class=\"_ _2b\"></span>on and impairm<span class=\"_ _0\"></span>ent loss<span class=\"_ _0\"></span>es are</div>\n<div class=\"t m0 x7 h4f y80a ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recognised in<span class=\"_ _2\"></span> the income statement and dividen<span class=\"_ _2\"></span>ds are recognised as</div>\n<div class=\"t m0 x7 h4f y80b ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income up<span class=\"_ _0\"></span>on receipt<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 945px; height: 152px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y80c ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80d ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For thos<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance po<span class=\"_ _0\"></span>rtfolio<span class=\"_ _0\"></span>s,<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">where unr<span class=\"_ _2b\"></span>ealised gains and l<span class=\"_ _0\"></span>osses on </span></div>\n<div class=\"t m0 x7 h4f y80e ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">bonds hav<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>a direc<span class=\"_ _2b\"></span>t impact on the measur<span class=\"_ _0\"></span>ement of t<span class=\"_ _0\"></span>he insura<span class=\"_ _0\"></span>nce</div>\n<div class=\"t m0 x7 h4f y80f ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities,<span class=\"_ _2\"></span> Ageas applies shado<span class=\"_ _2\"></span>w accounting in <span class=\"_ _2\"></span>accordance with IF<span class=\"_ _2\"></span>RS<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">4. </span></span></div>\n<div class=\"t m0 x7 h4f y810 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t the changes in the unrealised<span class=\"_ _2\"></span> gains and losses will</div>\n<div class=\"t m0 x7 h4f y90a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">affect the m<span class=\"_ _2b\"></span>eas<span class=\"lse2 wsfa\">urement<span class=\"_ _2\"></span> of the insurance <span class=\"_ _2\"></span>liabilities, implyi<span class=\"_ _2\"></span>ng why those </span></div>\n<div class=\"t m0 x7 h4f y90b ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes w<span class=\"_ _0\"></span>ill theref<span class=\"_ _2b\"></span>ore not be part of equit<span class=\"_ _0\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y8d0 ffad fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f <span class=\"wsf1\">financial<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">assets</span> </span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A financial asse<span class=\"_ _2\"></span>t (or group of financial as<span class=\"_ _2\"></span>sets) classified as either</div>\n<div class=\"t m0 x7 h4f y8d2 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span>, loans and receiv<span class=\"_ _2\"></span>ables or held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-</span><span class=\"ws103\">maturity is dee<span class=\"_ _2\"></span>med </span></span></div>\n<div class=\"t m0 x7 h4f y8d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be impai<span class=\"_ _0\"></span>red if:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb28 ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 wsfa\">T<span class=\"_ _2\"></span>here is objective e<span class=\"_ _2\"></span>vidence of impairm<span class=\"_ _2\"></span>ent</span><span class=\"ffab\"> <span class=\"lse0 wsf0\">as a result of<span class=\"_ _0\"></span> one or more </span></span></span></div>\n<div class=\"t m0 x43 h4f yb29 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss eve<span class=\"_ _0\"></span>nts or t<span class=\"_ _0\"></span>rigger<span class=\"_ _0\"></span>s (e.g. s<span class=\"_ _2b\"></span>ignificant fin<span class=\"_ _2b\"></span>ancial diffic<span class=\"_ _0\"></span>ulty of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x43 h4f yb2a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issuer) t<span class=\"_ _0\"></span>hat have o<span class=\"_ _0\"></span>ccurred af<span class=\"_ _0\"></span>ter the ini<span class=\"_ _0\"></span>tial recog<span class=\"_ _2b\"></span>nition of the asset;<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x43 h4f yb2b ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lsf3 ws11c\">Th<span class=\"lse0 wsf0\">at loss event (or ev<span class=\"_ _0\"></span>ents) has (o<span class=\"_ _0\"></span>r have) an im<span class=\"_ _0\"></span>pact on the </span></span></span></div>\n<div class=\"t m0 x43 h4f yb2d ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed future cash f<span class=\"_ _2b\"></span>lows of the fina<span class=\"_ _2b\"></span>ncial asset (o<span class=\"_ _0\"></span>r group o<span class=\"_ _0\"></span>f</div>\n<div class=\"t m0 x43 h4f y962 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>that c<span class=\"_ _0\"></span>an be reliabl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>est<span class=\"_ _0\"></span>imated.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y963 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y964 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For equit<span class=\"_ _0\"></span>y securiti<span class=\"_ _2b\"></span>es, the triggers us<span class=\"_ _0\"></span>ed to dete<span class=\"_ _0\"></span>rmine whet<span class=\"_ _2b\"></span>her <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is</div>\n<div class=\"t m0 x7 h4f y965 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve evide<span class=\"_ _0\"></span>nce of i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent inclu<span class=\"_ _2b\"></span>de, amongst ot<span class=\"_ _0\"></span>hers, th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y966 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration whether t<span class=\"_ _2b\"></span>he fair value is<span class=\"_ _2b\"></span> significantl<span class=\"_ _0\"></span>y (25%)<span class=\"_ _2b\"></span> below the</div>\n<div class=\"t m0 x7 h4f y967 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">carrying v<span class=\"_ _2\"></span>alue or has been b<span class=\"_ _2\"></span>elow the carrying <span class=\"_ _2\"></span>value for a prol<span class=\"_ _2\"></span>onged</div>\n<div class=\"t m0 x7 h4f y968 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period (<span class=\"_ _0\"></span>365 consec<span class=\"_ _2b\"></span>utive days) on the dat<span class=\"_ _0\"></span>e of the state<span class=\"_ _2b\"></span>me<span class=\"wsfa\">nt of financ<span class=\"_ _0\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y969 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Depend<span class=\"_ _0\"></span>ing on th<span class=\"_ _0\"></span>e type of <span class=\"_ _0\"></span>financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _0\"></span>, the r<span class=\"_ _0\"></span>ecovera<span class=\"_ _0\"></span>ble amo<span class=\"_ _0\"></span>unt can</div>\n<div class=\"t m0 x7 h4f y96c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">be estimat<span class=\"_ _2b\"></span>ed as follows: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair <span class=\"wsf0\">value us<span class=\"_ _0\"></span>ing an obs<span class=\"_ _0\"></span>ervable m<span class=\"_ _2b\"></span>arket price;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair value <span class=\"_ _2b\"></span>using non<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">data<span class=\"_ _2\"></span></span>; </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96f ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsf0\">Based on the</span><span class=\"ffab\"> <span class=\"lse0 wsfa\">fair val<span class=\"_ _2b\"></span>ue of the coll<span class=\"_ _0\"></span>ateral. <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y970 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y971 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If an available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-</span></span>sale asset<span class=\"_ _2\"></span> is determined to be impaired, t<span class=\"_ _2\"></span>he allowance</div>\n<div class=\"t m0 x7 h4f y972 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for impai<span class=\"_ _0\"></span>rment is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _0\"></span>ent. For imp<span class=\"_ _0\"></span>aired</div>\n<div class=\"t m0 x7 h4f y973 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span> assets, unrealised<span class=\"_ _2\"></span> losses previousl<span class=\"_ _2\"></span>y recognised in </span></div>\n<div class=\"t m0 x7 h4f y974 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other compr<span class=\"lse0 wsf0\">ehensive inco<span class=\"_ _0\"></span>me<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are transferred<span class=\"_ _2\"></span> to the income statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y975 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">when the i<span class=\"_ _2\"></span>mpairment occurs. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y977 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If, in a s<span class=\"_ _0\"></span>ubsequ<span class=\"_ _0\"></span>ent per<span class=\"_ _0\"></span>iod, th<span class=\"_ _0\"></span>e fair val<span class=\"_ _2b\"></span>ue of a debt inst<span class=\"_ _2b\"></span>rument classi<span class=\"_ _0\"></span>fied</div>\n<div class=\"t m0 x1a h4f y978 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as availa<span class=\"_ _0\"></span>ble<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span><span class=\"wsfa\">sal<span class=\"_ _2b\"></span>e increases an<span class=\"_ _0\"></span>d the inc<span class=\"_ _2b\"></span>rease object<span class=\"_ _0\"></span>ively rel<span class=\"_ _2b\"></span>ates to an </span></div>\n<div class=\"t m0 x1a h4f y979 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event occu<span class=\"_ _2b\"></span>rring after the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _2b\"></span>on of any allowance for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _2b\"></span>nt in</div>\n<div class=\"t m0 x1a h4f y97a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the incom<span class=\"_ _0\"></span>e statement<span class=\"_ _2b\"></span>, the allowance f<span class=\"_ _0\"></span>or impair<span class=\"_ _0\"></span>ment is rev<span class=\"_ _0\"></span>ersed, wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f y97b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the rev<span class=\"_ _2b\"></span>ersal <span class=\"lse2 wsf1\">being </span><span class=\"wsf0\">recognised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>. </span></div>\n<div class=\"t m0 x1a h4f y97c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Further po<span class=\"_ _2b\"></span>sitive revaluat<span class=\"_ _0\"></span>ions of debt<span class=\"_ _0\"></span> instru<span class=\"_ _0\"></span>ments clas<span class=\"_ _2b\"></span>sified as a<span class=\"ls102 ws11d\">vailable<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f y97d ffab fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\">-<span class=\"lsfb wsfa\">sal<span class=\"_ _2\"></span>e <span class=\"lse2\">is recognise<span class=\"_ _2\"></span>d</span></span> <span class=\"lse0 wsfa\">in oth<span class=\"_ _0\"></span>er comp<span class=\"_ _0\"></span>rehensiv<span class=\"_ _2b\"></span>e income.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb32 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb33 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments on<span class=\"_ _2\"></span> an equity instrument class<span class=\"_ _2\"></span>ified as available<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">sale ar<span class=\"_ _0\"></span>e </span></span></span></div>\n<div class=\"t m0 x1a h4f yb34 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rev<span class=\"_ _0\"></span>ersed th<span class=\"_ _0\"></span>rough th<span class=\"_ _0\"></span>e income<span class=\"_ _2b\"></span> statement; i<span class=\"_ _0\"></span>ncrease<span class=\"_ _0\"></span>s in the<span class=\"_ _0\"></span>ir fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yb35 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">after imp<span class=\"_ _0\"></span>airment ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d directly<span class=\"_ _0\"></span> in ot<span class=\"lse2 wsfa\">her comprehensi<span class=\"_ _2\"></span>ve income.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 157px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 456px; width: 354px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 162px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 461px; width: 354px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 167px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 466px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y976 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h55 y982 ffad fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Trade and <span class=\"wsef\">set<span class=\"_ _0\"></span>tlement<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">date</span> </span></span></div>\n<div class=\"t m0 x1a h4f y983 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All purch<span class=\"_ _0\"></span>ases and sal<span class=\"_ _0\"></span>es of financ<span class=\"_ _2b\"></span>ial assets requi<span class=\"_ _2b\"></span>ring delivery wit<span class=\"_ _0\"></span>hin the</div>\n<div class=\"t m0 x1a h4f y984 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">timefra<span class=\"_ _0\"></span>me esta<span class=\"_ _0\"></span>blished <span class=\"_ _0\"></span>by regu<span class=\"_ _0\"></span>lation o<span class=\"_ _0\"></span>r market<span class=\"_ _0\"></span> convent<span class=\"_ _2b\"></span>ion are</div>\n<div class=\"t m0 x1a h4f y9c2 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed on th<span class=\"_ _2b\"></span>e trade date, w<span class=\"_ _0\"></span>hich is<span class=\"_ _2b\"></span> the date when A<span class=\"_ _0\"></span>geas bec<span class=\"_ _0\"></span>omes a</div>\n<div class=\"t m0 x1a h4f y9c3 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">party to t<span class=\"_ _2b\"></span>he contractu<span class=\"_ _0\"></span>al provis<span class=\"_ _2b\"></span>ions of the fin<span class=\"_ _2b\"></span>ancial assets.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c4 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c5 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Forward p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>es and sales,<span class=\"_ _0\"></span> other than th<span class=\"_ _2b\"></span>ose requiring del<span class=\"_ _2b\"></span>ivery within</div>\n<div class=\"t m0 x1a h4f y9c6 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the timef<span class=\"_ _0\"></span>rame esta<span class=\"_ _2b\"></span>blished by regulat<span class=\"_ _2b\"></span>ion or market conv<span class=\"_ _0\"></span>ention,<span class=\"_ _0\"></span> are</div>\n<div class=\"t m0 x1a h4f y9c7 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised a<span class=\"_ _2\"></span>s derivative forward<span class=\"_ _2\"></span> transactions until<span class=\"_ _2\"></span> set<span class=\"wsf1\">tlement. <span class=\"ls0 ws0\"> </span></span></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h55 y98b ffad fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"wsef\">financi<span class=\"_ _2b\"></span>al<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">liabilities</span> </span></span></div>\n<div class=\"t m0 x1a h4f y98c ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The IFRS classi<span class=\"_ _2\"></span>fication of financial liabil<span class=\"_ _2\"></span>ities determines their<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y98d ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment and re<span class=\"_ _2b\"></span>cognition in the i<span class=\"_ _0\"></span>ncome stat<span class=\"_ _2b\"></span>ement as follows<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">Financial liabilities at fair value through profit or loss include:<span class=\"wsef\"><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y98f ffab fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">i)  Financial liabilities held-for-trading<span class=\"ls102 ws115\"><span class=\"lsfc\"><span class=\"ls0 ws0\"><span class=\"lse2 wsfa\">, including<span class=\"_ _2\"></span> derivative </span></span></span></span></div>\n<div class=\"t m0 x1e6 h4f y990 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> that do not qualify for hedge<span class=\"_ _2\"></span> accounting; and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f y991 ffab fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">ii)<span class=\"ffaf ls0 ws0\"> <span class=\"_ _22\"> </span></span><span class=\"lse2 wsfa\">Financial l<span class=\"_ _2\"></span>iabilities that Agea<span class=\"_ _2\"></span>s has irrevocabl<span class=\"_ _2\"></span>y designated at </span></div>\n<div class=\"t m0 x1e6 h4f y992 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initial re<span class=\"_ _2\"></span>cognition or at f<span class=\"_ _2\"></span>irst<span class=\"ls0 ws0\">-</span><span class=\"ws103\">time adoption<span class=\"_ _2\"></span> of IFRS as held at f<span class=\"lse0 wsef\">air </span></span></div>\n<div class=\"t m0 x1e6 h4f y993 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss, b<span class=\"_ _0\"></span>ecause:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1e6 h4f y994 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lse0 wsf0\">The host contrac<span class=\"_ _0\"></span>t inclu<span class=\"_ _0\"></span>des an embe<span class=\"_ _0\"></span>dded deri<span class=\"_ _0\"></span>vative th<span class=\"_ _2b\"></span>at </span></span></div>\n<div class=\"t m0 x23 h4f y995 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">would othe<span class=\"_ _2b\"></span>rwise require se<span class=\"_ _0\"></span>paratio<span class=\"_ _2b\"></span>n;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1e6 h4f y996 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lse0 wsf0\">It eliminates o<span class=\"_ _0\"></span>r signific<span class=\"_ _0\"></span>antly red<span class=\"_ _0\"></span>uces a meas<span class=\"_ _0\"></span>urement o<span class=\"_ _2b\"></span>r </span></span></div>\n<div class=\"t m0 x23 h4f y997 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion inconsiste<span class=\"_ _0\"></span>ncy (\u2018acc<span class=\"_ _0\"></span>ountin<span class=\"_ _0\"></span>g mismatch<span class=\"_ _2b\"></span>\u2019)<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">or</span> </span></div>\n<div class=\"t m0 x1e6 h4f y9c8 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lsf4 ws10c\">It <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">rel<span class=\"_ _0\"></span>ates to a <span class=\"_ _0\"></span>group of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _2b\"></span>s and/or liabi<span class=\"_ _0\"></span>lities t<span class=\"_ _2b\"></span>hat </span></span></span></div>\n<div class=\"t m0 x23 h4f y9c9 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are mana<span class=\"_ _0\"></span>ged and of whic<span class=\"_ _0\"></span>h the perfo<span class=\"_ _2b\"></span>rmance is evaluat<span class=\"_ _0\"></span>ed on a</div>\n<div class=\"t m0 x23 h4f y9ca ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e basis.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cb ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 ws103\">O<span class=\"_ _2\"></span>ther financial liabili<span class=\"_ _2\"></span>ties are initially recognised<span class=\"_ _2\"></span> at fair value less </span></span></div>\n<div class=\"t m0 x6c h4f y9cc ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion costs. Subse<span class=\"_ _0\"></span>quently<span class=\"_ _0\"></span>, other fi<span class=\"_ _0\"></span>nan<span class=\"ls102 ws115\">cial liabili<span class=\"_ _2\"></span>ties are </span></div>\n<div class=\"t m0 x6c h4f y9cd ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at amort<span class=\"_ _0\"></span>ised cost us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _2b\"></span>ective interest met<span class=\"_ _2b\"></span>hod,</div>\n<div class=\"t m0 x6c h4f y9ce ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with the per<span class=\"_ _0\"></span>iodic am<span class=\"_ _0\"></span>ortisat<span class=\"_ _0\"></span>ion reco<span class=\"_ _0\"></span>rded in the inc<span class=\"_ _0\"></span>ome state<span class=\"_ _0\"></span>ment.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cf ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d0 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Subordinated lia<span class=\"_ _2\"></span>bilities and borrowings ar<span class=\"_ _2\"></span>e initially recognised at fa<span class=\"_ _2\"></span>ir</div>\n<div class=\"t m0 x1a h4f y9d1 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value les<span class=\"_ _2b\"></span>s <span class=\"wsf0\">transacti<span class=\"_ _0\"></span>on costs and a<span class=\"_ _0\"></span>re subse<span class=\"_ _0\"></span>quently me<span class=\"_ _2b\"></span>asured at </span></div>\n<div class=\"t m0 x1a h4f y9d2 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost usi<span class=\"_ _2b\"></span>ng the effective int<span class=\"_ _2b\"></span>erest method, wit<span class=\"_ _2b\"></span>h the periodic</div>\n<div class=\"t m0 x1a h4f y9d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ation rec<span class=\"_ _2b\"></span>orded in the income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 388px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 388px; width: 334px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 330px; height: 776px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 330px; height: 776px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffb3 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Transaction co<span class=\"_ _2\"></span>sts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Transac<span class=\"_ _0\"></span>tion cost<span class=\"_ _0\"></span>s on financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span><span class=\"wsfa\">uments r<span class=\"_ _2b\"></span>efer to the inc<span class=\"_ _0\"></span>rementa<span class=\"_ _0\"></span>l costs </span></div>\n<div class=\"t m0 x7 h4f y804 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">directl<span class=\"_ _0\"></span>y attribut<span class=\"_ _2b\"></span>able to the acquisit<span class=\"_ _2b\"></span>ion or disposal of a fi<span class=\"_ _0\"></span>nancial as<span class=\"_ _0\"></span>set or</div>\n<div class=\"t m0 x7 h4f y805 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y. They inc<span class=\"_ _2b\"></span>lude fees and commi<span class=\"_ _0\"></span>ssions pa<span class=\"_ _0\"></span>id to agents,<span class=\"_ _0\"></span> advisers<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y806 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">brokers an<span class=\"_ _2b\"></span>d dealers, levies im<span class=\"_ _0\"></span>posed by<span class=\"_ _0\"></span> regulato<span class=\"_ _0\"></span>ry agenci<span class=\"_ _2b\"></span>es and</div>\n<div class=\"t m0 x7 h4f y807 ffb1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span><span class=\"lse2 ws103\">ies exchanges as<span class=\"_ _2\"></span> well as transfer taxes and duties. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Those tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _0\"></span>n costs ar<span class=\"_ _0\"></span>e include<span class=\"_ _0\"></span>d in the initi<span class=\"_ _0\"></span>al measure<span class=\"_ _0\"></span>ment of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y80a ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial asse<span class=\"_ _2\"></span>t or liability, except if<span class=\"_ _2\"></span> the financial asset or liab<span class=\"_ _2\"></span>ility is</div>\n<div class=\"t m0 x7 h4f y80b ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss, in w<span class=\"_ _2b\"></span>hich<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">ca<span class=\"_ _2b\"></span>se transaction </span></div>\n<div class=\"t m0 x7 h4f y80c ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">costs are <span class=\"_ _2\"></span>directly expensed.<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 929px; height: 163px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 929px; height: 168px; width: 351px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y882 ffb3 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Fair val<span class=\"_ _0\"></span>ue of financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y883 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value i<span class=\"_ _0\"></span>s the amou<span class=\"_ _2b\"></span>nt for which an<span class=\"_ _0\"></span> asset o<span class=\"_ _0\"></span>r grant<span class=\"_ _0\"></span>ed equit<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x7 h4f y884 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent could b<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>exc<span class=\"_ _0\"></span>hanged a<span class=\"_ _0\"></span>nd a liability<span class=\"_ _0\"></span> could be set<span class=\"_ _0\"></span>tled bet<span class=\"_ _0\"></span>ween</div>\n<div class=\"t m0 x7 h4f y885 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">knowledgeable<span class=\"_ _2\"></span>, willing parties<span class=\"_ _2\"></span> in a<span class=\"lse0 wsf0\">n arm\u2019s len<span class=\"_ _0\"></span>gth trans<span class=\"_ _0\"></span>action.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y886 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8cf ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value pr<span class=\"_ _2b\"></span>esented is the <span class=\"_ _0\"></span>\u2018clean\u2019<span class=\"_ _0\"></span> fair val<span class=\"_ _0\"></span>ue, whic<span class=\"_ _2b\"></span>h is the total f<span class=\"_ _0\"></span>air</div>\n<div class=\"t m0 x7 h4f y8d0 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value or \u2018di<span class=\"_ _0\"></span>rty\u2019 fai<span class=\"_ _0\"></span>r value less<span class=\"_ _0\"></span> interest acc<span class=\"_ _2b\"></span>ruals and trans<span class=\"_ _0\"></span>action cost<span class=\"_ _0\"></span>s.</div>\n<div class=\"t m0 x7 h4f y8d1 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Accrued i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> are classif<span class=\"_ _2b\"></span>ied separately.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d2 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d3 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fair val<span class=\"_ _0\"></span>ue of a liabil<span class=\"_ _2b\"></span>ity or<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">own<span class=\"_ _2\"></span> equity instrument reflec<span class=\"_ _2\"></span>ts the effect of </span></span></div>\n<div class=\"t m0 x7 h4f yb28 ffb1 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">performanc<span class=\"_ _0\"></span>e risk. Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">performance<span class=\"_ _2\"></span> risk includes, but <span class=\"_ _2\"></span>may not be </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limite<span class=\"_ _0\"></span>d to, the entit<span class=\"_ _2b\"></span>y\u2019s own risk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2a ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f yb2b ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An asset or liabil<span class=\"_ _2\"></span>ity is initially measured<span class=\"_ _2\"></span> at fair value. If the tran<span class=\"_ _2\"></span>saction</div>\n<div class=\"t m0 x7 h4f yb2c ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">price dif<span class=\"_ _0\"></span>fers f<span class=\"_ _0\"></span>rom this<span class=\"_ _0\"></span> fair<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">value,<span class=\"_ _0\"></span> the result<span class=\"_ _2b\"></span>ing gain or loss is reco<span class=\"_ _2b\"></span>gnised </span></div>\n<div class=\"t m0 x7 h4f yb2d ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> unless I<span class=\"_ _2b\"></span>FRS specify ot<span class=\"_ _2b\"></span>herwise.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 36px; width: 353px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y962 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y963 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The basic p<span class=\"_ _0\"></span>rincipl<span class=\"_ _0\"></span>es used for es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ing fair val<span class=\"_ _2b\"></span>ue are as follows:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y964 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse2 wsfa\">M<span class=\"_ _2\"></span>aximisation of the <span class=\"_ _2\"></span>use or relevant<span class=\"_ _2\"></span> observable (market) i<span class=\"_ _2\"></span>nputs and </span></span></div>\n<div class=\"t m0 x43 h4f y965 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">minimis<span class=\"_ _0\"></span>ation of <span class=\"wsfa\">th<span class=\"_ _0\"></span>e use of<span class=\"_ _0\"></span> unobse<span class=\"_ _0\"></span>rvable <span class=\"_ _0\"></span>inputs (s<span class=\"_ _2b\"></span>uch as internal<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x43 h4f y966 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es and assumptions<span class=\"_ _2b\"></span>);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y967 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Only change in esti<span class=\"_ _0\"></span>mating tec<span class=\"_ _2b\"></span>hniques if an impro<span class=\"_ _2b\"></span>vement can be </span></span></div>\n<div class=\"t m0 x43 h4f y968 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rated or if<span class=\"_ _0\"></span> a change is nec<span class=\"_ _2b\"></span>essary because of<span class=\"_ _0\"></span> changes in</div>\n<div class=\"t m0 x43 h4f y969 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market co<span class=\"_ _0\"></span>nditio<span class=\"_ _0\"></span>ns or in the avai<span class=\"_ _0\"></span>labilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>of inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span><span class=\"wsef\">n.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y96a ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In dete<span class=\"_ _0\"></span>rmining t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue, follow<span class=\"_ _0\"></span>ing hiera<span class=\"_ _2b\"></span>rchy for dete<span class=\"_ _0\"></span>rminin<span class=\"_ _0\"></span>g and</div>\n<div class=\"t m0 x7 h4f y96c ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ing the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue is use<span class=\"_ _2b\"></span>d, in the orde<span class=\"_ _0\"></span>r listed:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsfa\">Level 1: fair v<span class=\"_ _0\"></span>alues me<span class=\"_ _2b\"></span>asured using (<span class=\"_ _2b\"></span>unadjusted) q<span class=\"_ _0\"></span>uoted p<span class=\"_ _0\"></span>rices i<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x43 h4f y96e ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an active ma<span class=\"_ _2b\"></span>rket for identical<span class=\"_ _0\"></span> assets or <span class=\"lse2 wsfa\">liabilities, which m<span class=\"_ _2\"></span>eans that </span></div>\n<div class=\"t m0 x43 h4f y96f ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quoted prices are<span class=\"_ _2\"></span> readily available and re<span class=\"_ _2\"></span>flect actual and regularly</div>\n<div class=\"t m0 x43 h4f y970 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occurri<span class=\"_ _0\"></span>ng market t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions on an a<span class=\"_ _0\"></span>rm\u2019s lengt<span class=\"_ _0\"></span>h basis;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y971 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Level 2: fair values<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>meas<span class=\"_ _0\"></span>ured usin<span class=\"_ _0\"></span>g inputs oth<span class=\"_ _2b\"></span>er than quoted prices<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x43 h4f y972 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in leve<span class=\"_ _0\"></span>l 1 that<span class=\"_ _0\"></span> are obs<span class=\"_ _0\"></span>e<span class=\"wsf0\">rvabl<span class=\"_ _0\"></span>e (in the mark<span class=\"_ _0\"></span>et), eithe<span class=\"_ _0\"></span>r direct<span class=\"_ _0\"></span>ly </span></div>\n<div class=\"t m0 x43 h4f y973 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(i.e. pric<span class=\"_ _2b\"></span>es) or indirectly (i.<span class=\"_ _2b\"></span>e. derived from pric<span class=\"_ _2b\"></span>es, such as interest<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x43 h4f y974 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exchang<span class=\"_ _2b\"></span>e rates);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Level 3: fair values<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>meas<span class=\"_ _0\"></span>ured usin<span class=\"_ _0\"></span>g inputs that<span class=\"_ _0\"></span> are not (c<span class=\"_ _0\"></span>omplete<span class=\"_ _0\"></span>ly) </span></span></div>\n<div class=\"t m0 x43 h4f y976 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>observable data;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lsfc ws115\">C<span class=\"_ _2\"></span>ost.</span><span class=\"ffb1\"> </span></span></div>\n<div class=\"t m0 x1a h4f ybdc ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leve<span class=\"_ _2b\"></span>l in the fair <span class=\"wsf0\">va<span class=\"_ _0\"></span>lue hierarc<span class=\"_ _2b\"></span>hy within which the f<span class=\"_ _0\"></span>air value </span></div>\n<div class=\"t m0 x1a h4f ybdd ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measurement i<span class=\"_ _2\"></span>s categorised <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">determined <span class=\"wsf0\">base<span class=\"_ _0\"></span>d on<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">the lowes<span class=\"_ _2\"></span>t level </span></span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybde ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">input t<span class=\"_ _0\"></span>hat is si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant to th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue me<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent in it<span class=\"_ _0\"></span>s entiret<span class=\"_ _0\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybdf ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe0 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Level 2 and lev<span class=\"_ _2b\"></span>el 3 fair value measu<span class=\"_ _0\"></span>rements us<span class=\"_ _0\"></span>ually req<span class=\"_ _0\"></span>uire the us<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x1a h4f ybe1 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on techn<span class=\"_ _2b\"></span>iques.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybe2 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe3 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A financ<span class=\"_ _0\"></span>ial inst<span class=\"_ _2b\"></span>rument is rega<span class=\"_ _0\"></span>rded as <span class=\"_ _0\"></span>quoted i<span class=\"_ _0\"></span>n an acti<span class=\"_ _0\"></span>ve mark<span class=\"_ _0\"></span>et whe<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f ybe4 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quoted prices are<span class=\"_ _2\"></span> readily and regularly ava<span class=\"_ _2\"></span>ilable from an exchange,</div>\n<div class=\"t m0 x1a h4f ybe5 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">dealer, brok<span class=\"_ _2\"></span>er, industry grou<span class=\"_ _2\"></span>p, pricing service<span class=\"_ _2\"></span> or regulatory agen<span class=\"_ _2\"></span>cy, and</div>\n<div class=\"t m0 x1a h4f ybe6 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">those prices<span class=\"_ _2\"></span> reflect actual a<span class=\"_ _2\"></span>nd regularly occurrin<span class=\"_ _2\"></span>g market transa<span class=\"_ _2\"></span>ctions</div>\n<div class=\"t m0 x1a h4f ybe7 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on an arm\u2019s le<span class=\"_ _2b\"></span>ngth basis. When a fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _2b\"></span>rument is trade<span class=\"_ _0\"></span>d in an</div>\n<div class=\"t m0 x1a h4f ybe8 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active an<span class=\"_ _0\"></span>d liquid mar<span class=\"_ _0\"></span>ket, its q<span class=\"_ _0\"></span>uoted mar<span class=\"_ _0\"></span>ket price o<span class=\"_ _0\"></span>r value prov<span class=\"_ _2b\"></span>ides the</div>\n<div class=\"t m0 x1a h4f ybe9 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">best evide<span class=\"_ _2\"></span>nce of its fair<span class=\"_ _2\"></span> value. No adjus<span class=\"_ _2\"></span>tment is made <span class=\"ws103\">to the<span class=\"_ _2\"></span> fair value of </span></div>\n<div class=\"t m0 x1a h4f ybea ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">large hol<span class=\"_ _2b\"></span>dings of shares<span class=\"_ _0\"></span>, unless<span class=\"_ _0\"></span> there<span class=\"_ _0\"></span> is a bind<span class=\"_ _0\"></span>ing agr<span class=\"_ _0\"></span>eement t<span class=\"_ _2b\"></span>o sell the</div>\n<div class=\"t m0 x1a h4f ybeb ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">shares at<span class=\"_ _0\"></span> a pric<span class=\"_ _0\"></span>e other t<span class=\"_ _2b\"></span>han the marke<span class=\"_ _0\"></span>t price. T<span class=\"_ _2b\"></span>he appropriat<span class=\"_ _2b\"></span>e quoted</div>\n<div class=\"t m0 x1a h4f ybec ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market <span class=\"_ _0\"></span>price for <span class=\"_ _2b\"></span>an asset held o<span class=\"_ _0\"></span>r a lia<span class=\"_ _0\"></span>bility to <span class=\"_ _0\"></span>be iss<span class=\"_ _0\"></span>ued is th<span class=\"_ _0\"></span>e curre<span class=\"_ _0\"></span>nt bid</div>\n<div class=\"t m0 x1a h4f ybed ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">price, an<span class=\"_ _0\"></span>d fo<span class=\"wsfa\">r an a<span class=\"_ _0\"></span>sset to be<span class=\"_ _2b\"></span> acquired or a <span class=\"_ _0\"></span>liabilit<span class=\"_ _2b\"></span>y held, the ask p<span class=\"_ _2b\"></span>rice. </span></div>\n<div class=\"t m0 x1a h4f ybee ffb1 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Mid<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">market prices<span class=\"_ _0\"></span> are used as a bas<span class=\"_ _2b\"></span>is for establish<span class=\"_ _0\"></span>ing the fair va<span class=\"_ _0\"></span>lue of </span></span></div>\n<div class=\"t m0 x1a h4f ybef ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets and l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies with of<span class=\"_ _0\"></span>fsetti<span class=\"_ _0\"></span>ng market r<span class=\"_ _0\"></span>isks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf0 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybf1 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If there <span class=\"_ _2b\"></span>is a significant<span class=\"_ _2b\"></span> decrease in th<span class=\"_ _0\"></span>e volum<span class=\"_ _2b\"></span>e or level of act<span class=\"_ _2b\"></span>ivi<span class=\"lsfc ws121\">ty<span class=\"_ _2\"></span> for the </span></div>\n<div class=\"t m0 x1a h4f ybf2 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset or lia<span class=\"_ _0\"></span>bility,<span class=\"_ _0\"></span> the trans<span class=\"_ _0\"></span>actions o<span class=\"_ _0\"></span>r quoted pr<span class=\"_ _0\"></span>ices are r<span class=\"_ _0\"></span>eviewed a<span class=\"_ _0\"></span>nd an</div>\n<div class=\"t m0 x1a h4f ybf3 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">alternat<span class=\"_ _2b\"></span>ive valuatio<span class=\"_ _0\"></span>n techniq<span class=\"_ _2b\"></span>ue or multipl<span class=\"_ _0\"></span>e valuati<span class=\"_ _2b\"></span>on techniques (<span class=\"_ _2b\"></span>e.g.</div>\n<div class=\"t m0 x1a h4f ybf4 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value tec<span class=\"_ _0\"></span>hniques<span class=\"_ _0\"></span>) may be appl<span class=\"_ _0\"></span>ied.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf5 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybf6 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If no act<span class=\"_ _0\"></span>ive mark<span class=\"_ _2b\"></span>et price is ava<span class=\"_ _0\"></span>ilable, f<span class=\"_ _2b\"></span>air values are <span class=\"_ _0\"></span>e<span class=\"wsf0\">stimat<span class=\"_ _2b\"></span>ed using </span></div>\n<div class=\"t m0 x1a h4f ybf7 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value or <span class=\"_ _2b\"></span>other valuatio<span class=\"_ _2b\"></span>n techniques <span class=\"_ _0\"></span>based o<span class=\"_ _0\"></span>n market<span class=\"_ _0\"></span> observ<span class=\"_ _2b\"></span>able</div>\n<div class=\"t m0 x1a h4f ybf8 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">inputs, ex<span class=\"_ _2b\"></span>isting at the report<span class=\"_ _2b\"></span>ing date. Inputs ca<span class=\"_ _0\"></span>n be either<span class=\"_ _0\"></span> directly</div>\n<div class=\"t m0 x1a h4f ybf9 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">observa<span class=\"_ _2b\"></span>ble (i.e. prices) or i<span class=\"_ _0\"></span>ndirect<span class=\"_ _0\"></span>ly observ<span class=\"_ _0\"></span>able (i.e.<span class=\"_ _0\"></span> derive<span class=\"_ _0\"></span>d from pric<span class=\"_ _0\"></span>es,</div>\n<div class=\"t m0 x1a h4f ybfa ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">such as int<span class=\"_ _0\"></span>erest or exc<span class=\"_ _0\"></span>hange rat<span class=\"_ _0\"></span>es). <span class=\"lse2 wsf1\">When<span class=\"ls0 ws0\"> </span></span>Ageas uses<span class=\"_ _0\"></span> quantit<span class=\"_ _0\"></span>ative</div>\n<div class=\"t m0 x1a h4f ybfb ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unobse<span class=\"_ _0\"></span>rvable i<span class=\"_ _0\"></span>nputs i<span class=\"_ _0\"></span>n measur<span class=\"_ _0\"></span>ing fair <span class=\"_ _0\"></span>value, t<span class=\"_ _2b\"></span>hose are not d<span class=\"_ _0\"></span>evelope<span class=\"_ _0\"></span>d in</div>\n<div class=\"t m0 x1a h4f ybfc ffb1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">house.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfd ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfe ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If there is a val<span class=\"_ _2b\"></span>uation techniq<span class=\"_ _0\"></span>ue common<span class=\"_ _0\"></span>ly used by mar<span class=\"_ _2b\"></span>ket participants<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ybff ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to pric<span class=\"_ _0\"></span>e an instr<span class=\"_ _2b\"></span>ument and that<span class=\"_ _0\"></span> valuat<span class=\"_ _0\"></span>ion tec<span class=\"_ _0\"></span>hnique d<span class=\"_ _2b\"></span>emonstrated t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yc00 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide r<span class=\"_ _0\"></span>eliabl<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>es of prices<span class=\"_ _0\"></span> obtained i<span class=\"_ _0\"></span>n actual ma<span class=\"_ _0\"></span>rket</div>\n<div class=\"t m0 x1a h4f yc01 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transactions,<span class=\"_ _2\"></span> Ageas applies that valuation<span class=\"_ _2\"></span> technique. Well established<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc02 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on techni<span class=\"_ _2b\"></span>ques in financial ma<span class=\"_ _0\"></span>rkets incl<span class=\"_ _2b\"></span>ude recent market<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc03 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions, discount<span class=\"_ _2b\"></span>ed cash flows <span class=\"_ _0\"></span>(includi<span class=\"_ _2b\"></span>ng optio<span class=\"ls0 ws0\">n-</span><span class=\"lse2\">pricing<span class=\"_ _2\"></span> models) </span></div>\n<div class=\"t m0 x1a h4f yc04 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and curr<span class=\"_ _0\"></span>ent rep<span class=\"_ _0\"></span>laceme<span class=\"_ _2b\"></span>nt cost. An acc<span class=\"_ _0\"></span>eptable v<span class=\"_ _2b\"></span>aluation tec<span class=\"_ _0\"></span>hnique</div>\n<div class=\"t m0 x1a h4f yc05 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">incorporates all<span class=\"_ _2\"></span> factors that market parti<span class=\"_ _2\"></span>cipants would consider when</div>\n<div class=\"t m0 x1a h4f yc06 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">setting <span class=\"_ _0\"></span>a price,<span class=\"_ _0\"></span> and sh<span class=\"_ _0\"></span>ould be c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>ent with <span class=\"_ _0\"></span>accept<span class=\"_ _0\"></span>ed econo<span class=\"_ _0\"></span>mic</div>\n<div class=\"t m0 x1a h4f yc07 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">methodologies<span class=\"_ _2\"></span> for pricing financial in<span class=\"_ _2\"></span>s<span class=\"lse0 wsef\">tru<span class=\"_ _0\"></span>ments.<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">These techniques are </span></span></span></div>\n<div class=\"t m0 x1a h4f yc08 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subject t<span class=\"_ _0\"></span>o inherent<span class=\"_ _0\"></span> limitati<span class=\"_ _2b\"></span>ons, such as estimat<span class=\"_ _0\"></span>ion of the a<span class=\"_ _0\"></span>ppropria<span class=\"_ _2b\"></span>te risk<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yc09 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed discount<span class=\"_ _0\"></span> rate. The us<span class=\"_ _2b\"></span>e of different assum<span class=\"_ _2b\"></span>ptions and inputs</div>\n<div class=\"t m0 x1a h4f yc0a ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">would yi<span class=\"_ _2b\"></span>eld different r<span class=\"_ _0\"></span>esults.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc0b ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc0c ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The level 3 pos<span class=\"_ _2b\"></span>itions are mainly s<span class=\"_ _0\"></span>ensitiv<span class=\"_ _0\"></span>e to a c<span class=\"wsfa\">hange<span class=\"_ _0\"></span> in the l<span class=\"_ _0\"></span>evel of </span></div>\n<div class=\"t m0 x1a h4f yc0d ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d futur<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows and,<span class=\"_ _0\"></span> accord<span class=\"_ _0\"></span>ingly, t<span class=\"_ _2b\"></span>he fair value of<span class=\"ls0 ws0\"> </span><span class=\"wsef\">th<span class=\"_ _2b\"></span>ose </span></div>\n<div class=\"t m0 x1a h4f yc0e ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">positions v<span class=\"_ _2\"></span>aries<span class=\"ls0 ws0\"> </span><span class=\"lse0\">in prop<span class=\"_ _0\"></span>ortion t<span class=\"_ _0\"></span>o change<span class=\"_ _0\"></span>s of thes<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows. T<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x1a h4f yc0f ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes i<span class=\"_ _0\"></span>n value of th<span class=\"_ _0\"></span>e level 3 instr<span class=\"_ _0\"></span>uments a<span class=\"_ _0\"></span>re account<span class=\"_ _2b\"></span>ed for in other</div>\n<div class=\"t m0 x1a h4f yc10 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 268px; height: 829px; width: 353px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 593px; width: 350px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y9db ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 267px; height: 839px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 267px; height: 839px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Methods and assum<span class=\"_ _2\"></span>ptions used in determining<span class=\"_ _2\"></span> the fair value are largely</div>\n<div class=\"t m0 x7 h4f y803 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">depende<span class=\"_ _2b\"></span>nt on whether the inst<span class=\"_ _0\"></span>rument is<span class=\"_ _0\"></span> traded on fi<span class=\"_ _0\"></span>nancial m<span class=\"_ _0\"></span>arkets an<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y804 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the info<span class=\"_ _0\"></span>rmation t<span class=\"_ _0\"></span>hat is avail<span class=\"_ _0\"></span>able to be inc<span class=\"_ _2b\"></span>orporated into t<span class=\"_ _0\"></span>he valuat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x7 h4f y805 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">models<span class=\"ws103\">. A summary o<span class=\"_ _2\"></span>f different financial in<span class=\"_ _2\"></span>strument types along with </span></div>\n<div class=\"t m0 x7 h4f y806 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e treat<span class=\"_ _0\"></span>ment is i<span class=\"_ _0\"></span>nclude<span class=\"_ _0\"></span>d below:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ffb6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">i)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _13b\"> </span></span><span class=\"lse0 wsf0\">Fair values<span class=\"_ _0\"></span> for securit<span class=\"_ _0\"></span>ies class<span class=\"_ _2b\"></span>ified at availab<span class=\"_ _0\"></span>le<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span>sale o<span class=\"_ _0\"></span>r at fair </span></div>\n<div class=\"t m0 x45 h4f y808 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss are d<span class=\"_ _0\"></span>etermin<span class=\"_ _2b\"></span>ed using market pric<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x45 h4f y809 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from activ<span class=\"_ _2\"></span>e <span class=\"lse0\">mark<span class=\"_ _0\"></span>ets. If n<span class=\"_ _0\"></span>o quote<span class=\"_ _0\"></span>d prices<span class=\"_ _0\"></span> are avai<span class=\"_ _2b\"></span>lable from an </span></div>\n<div class=\"t m0 x45 h4f y80a ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active mar<span class=\"_ _2b\"></span>ket, the fair value is<span class=\"_ _0\"></span> determi<span class=\"_ _0\"></span>ned using di<span class=\"_ _0\"></span>scount<span class=\"_ _0\"></span>ed cash</div>\n<div class=\"t m0 x45 h4f y80b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flow models.<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">In par<span class=\"_ _0\"></span>ticular fo<span class=\"_ _2b\"></span>r asset<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">backed<span class=\"_ _2\"></span> securities, the expected<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x45 h4f y80c ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws used <span class=\"_ _0\"></span>in the d<span class=\"_ _0\"></span>iscount<span class=\"_ _0\"></span>ed cash f<span class=\"_ _0\"></span>low mo<span class=\"_ _0\"></span>del tak<span class=\"_ _0\"></span>e into</div>\n<div class=\"t m0 x45 h4f y80d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account o<span class=\"_ _0\"></span>r<span class=\"wsfa\">igina<span class=\"_ _0\"></span>l underw<span class=\"_ _0\"></span>riting c<span class=\"_ _2b\"></span>riteria, borr<span class=\"_ _0\"></span>ower att<span class=\"_ _0\"></span>ributes<span class=\"_ _2b\"></span> (such as </span></div>\n<div class=\"t m0 x45 h4f y80e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">age and cre<span class=\"_ _0\"></span>dit scores<span class=\"_ _2b\"></span>), <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>an<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>val<span class=\"_ _2b\"></span>ue ratios, expect<span class=\"_ _0\"></span>ed house pr<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x45 h4f y80f ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">movements and exp<span class=\"_ _2\"></span>ected prepayment rates.<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Dis<span class=\"_ _0\"></span>count fa<span class=\"_ _0\"></span>ctors are </span></span></div>\n<div class=\"t m0 x45 h4f y810 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on a sw<span class=\"_ _0\"></span>ap curve plu<span class=\"_ _0\"></span>s a spread ref<span class=\"_ _2b\"></span>lecting the risk</div>\n<div class=\"t m0 x45 h4f y90a ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">characterist<span class=\"lse0 wsfa\">ics of the inst<span class=\"_ _0\"></span>rument. <span class=\"_ _0\"></span>Fair va<span class=\"_ _2b\"></span>lues for secur<span class=\"_ _0\"></span>ities </span></div>\n<div class=\"t m0 x45 h4f y90b ffb6 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">classified at held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">maturity (only n<span class=\"_ _2\"></span>ecessary for dis<span class=\"_ _2\"></span>closures) are </span></span></div>\n<div class=\"t m0 x45 h4f y90c ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned in the same way.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ffb6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">ii)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _1ae\"> </span></span><span class=\"lse0 wsf0\">Fair values for de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive financ<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>ruments<span class=\"_ _0\"></span> are obtain<span class=\"_ _0\"></span>ed from </span></div>\n<div class=\"t m0 x45 h4f y90e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active mar<span class=\"_ _2b\"></span>kets or are determi<span class=\"_ _0\"></span>ned usin<span class=\"_ _0\"></span>g, as <span class=\"lse2 wsf1\">appropriate, </span></div>\n<div class=\"t m0 x45 h4f y90f ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash flow model<span class=\"_ _0\"></span>s and option pr<span class=\"_ _2b\"></span>icing models.<span class=\"_ _0\"></span> Quoted</div>\n<div class=\"t m0 x45 h4f y910 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>ices prov<span class=\"_ _0\"></span>ide the mos<span class=\"_ _0\"></span>t reliabl<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e for derivat<span class=\"_ _2b\"></span>ives</div>\n<div class=\"t m0 x45 h4f y911 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">traded on a rec<span class=\"_ _2b\"></span>ognised excha<span class=\"_ _2b\"></span>nge. Fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es not</div>\n<div class=\"t m0 x45 h4f y912 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">traded on<span class=\"_ _2\"></span> a recognised exchan<span class=\"_ _2\"></span>ge is considered <span class=\"_ _2\"></span>to be<span class=\"ls0 ws0\"> </span><span class=\"lse0\">the valu<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x45 h4f y913 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that could <span class=\"_ _2\"></span>be realised thro<span class=\"_ _2\"></span>ugh termination o<span class=\"_ _2\"></span>r assignment of the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x45 h4f y914 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">derivative.<span class=\"_ _2\"></span> Factors that influence the va<span class=\"_ _2\"></span>luation of an individual<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x45 h4f y915 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ive inclu<span class=\"_ _2b\"></span>de <span class=\"_ _2\"></span>the co<span class=\"_ _0\"></span>unterp<span class=\"_ _2b\"></span>arty\u2019s credit rat<span class=\"_ _0\"></span>ing and the<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x45 h4f y916 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complex<span class=\"_ _0\"></span>ity of t<span class=\"_ _0\"></span>he deriv<span class=\"_ _2b\"></span>ative. If thes<span class=\"_ _0\"></span>e factor<span class=\"_ _0\"></span>s differ f<span class=\"_ _2b\"></span><span class=\"wsf0\">rom the basic </span></div>\n<div class=\"t m0 x45 h4f y917 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">factors<span class=\"_ _0\"></span> underly<span class=\"_ _2b\"></span>ing the quote, <span class=\"_ _0\"></span>an adjus<span class=\"_ _0\"></span>tment t<span class=\"_ _2b\"></span>o the quoted pr<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x45 h4f y918 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">may be considered.<span class=\"_ _2\"></span> Common valuation methodol<span class=\"_ _2\"></span>ogies for an</div>\n<div class=\"t m0 x45 h4f y919 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate s<span class=\"_ _0\"></span>wap inc<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>e a comp<span class=\"_ _2b\"></span>arison of the y<span class=\"_ _0\"></span>ield of t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x45 h4f y91a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">swap wit<span class=\"_ _0\"></span>h the cu<span class=\"_ _0\"></span>rrent sw<span class=\"_ _2b\"></span>ap yield curve.<span class=\"_ _0\"></span> The sw<span class=\"_ _0\"></span>ap yiel<span class=\"_ _0\"></span>d curve is<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x45 h4f y91b ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derived f<span class=\"_ _0\"></span>rom quote<span class=\"_ _0\"></span>d swap rates.<span class=\"_ _0\"></span> Dealer b<span class=\"_ _0\"></span>id and offe<span class=\"_ _0\"></span>r quotes are</div>\n<div class=\"t m0 x45 h4f y91c ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">generally avai<span class=\"_ _2\"></span>lable for basic interest ra<span class=\"_ _2\"></span>te swaps involving</div>\n<div class=\"t m0 x45 h4f y91d ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">counte<span class=\"_ _0\"></span>rparties <span class=\"_ _0\"></span>whose s<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>ies are i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">grade.</span> </span></div>\n<div class=\"t m0 x7 h4f y91e ffb6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">iii)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _c2\"> </span></span><span class=\"lse0 wsf0\">Fair values<span class=\"_ _0\"></span> for unquot<span class=\"_ _0\"></span>ed privat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>equit<span class=\"_ _2b\"></span>y investments ar<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>ed </span></div>\n<div class=\"t m0 x45 h4f y91f ffb6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">using<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">applicable mar<span class=\"_ _0\"></span>ket mult<span class=\"_ _0\"></span>iples (e.g<span class=\"_ _2b\"></span>. <span class=\"_ _2\"></span>pric<span class=\"_ _0\"></span>e/earni<span class=\"_ _2b\"></span>ngs or price/cash </span></span></div>\n<div class=\"t m0 x45 h4f y920 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flow ratios)<span class=\"_ _2\"></span>, refined to reflect the specific<span class=\"_ _2\"></span> circumstances of the</div>\n<div class=\"t m0 x45 h4f y921 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">issuer.<span class=\"ls0 ws0\"> L</span><span class=\"wsf0\">evel 3 val<span class=\"_ _2b\"></span>uations for privat<span class=\"_ _2b\"></span>e equities and vent<span class=\"_ _0\"></span>ure capit<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x45 h4f y922 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">make <span class=\"lsfb wsfa\">u<span class=\"_ _2\"></span>se<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">of </span></span><span class=\"lse0\">fair valu<span class=\"_ _0\"></span>es discl<span class=\"_ _0\"></span>osed in t<span class=\"_ _2b\"></span>he audited fin<span class=\"_ _0\"></span>ancia<span class=\"ls106 ws124\">l </span></span></span></div>\n<div class=\"t m0 x45 h4f y923 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nts of the relevant pa<span class=\"_ _0\"></span>rticip<span class=\"_ _0\"></span>ations. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y924 ffb6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">iv)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _46\"> </span></span><span class=\"lse0\">Fair values for bor<span class=\"_ _0\"></span>rowings a<span class=\"_ _0\"></span>nd issue<span class=\"_ _0\"></span>d subordi<span class=\"_ _0\"></span>nated loa<span class=\"_ _0\"></span>ns are </span></div>\n<div class=\"t m0 x45 h4f y925 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned using discount<span class=\"_ _2b\"></span>ed cash flow models<span class=\"_ _0\"></span> based upo<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x45 h4f y926 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas's <span class=\"lse0 wsfa\">current incre<span class=\"_ _0\"></span>mental<span class=\"_ _0\"></span> lending <span class=\"_ _0\"></span>rates fo<span class=\"_ _2b\"></span>r similar typ<span class=\"_ _0\"></span>e of </span></div>\n<div class=\"t m0 x45 h4f y927 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">borrowing. For<span class=\"_ _2\"></span> variable<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">rate loans<span class=\"_ _2b\"></span> that re<span class=\"ls0 ws0\">-</span>price fre<span class=\"_ _0\"></span>quentl<span class=\"_ _0\"></span>y and </span></span></div>\n<div class=\"t m0 x45 h4f y928 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have no <span class=\"lse2 ws103\">significant change in cred<span class=\"_ _2\"></span>it risk, fair values are<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x45 h4f y929 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">approxi<span class=\"_ _0\"></span>mated by<span class=\"_ _0\"></span> the car<span class=\"_ _2b\"></span>rying amount.<span class=\"_ _2b\"></span> Option<span class=\"ls0 ws0\">-</span><span class=\"lse2\">pricing <span class=\"_ _2\"></span>models are </span></div>\n<div class=\"t m0 x45 h4f y92a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">used for v<span class=\"_ _2b\"></span>aluing caps an<span class=\"_ _0\"></span>d prep<span class=\"_ _0\"></span>ayment op<span class=\"_ _2b\"></span>tions embedd<span class=\"_ _0\"></span>ed in loa<span class=\"_ _0\"></span>ns</div>\n<div class=\"t m0 x45 h4f y92b ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that hav<span class=\"_ _0\"></span>e been s<span class=\"_ _0\"></span>eparat<span class=\"_ _0\"></span>ed in acc<span class=\"_ _2b\"></span>ordance with I<span class=\"_ _0\"></span>FRS.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y92c ffb6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">v)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _a\"> </span></span><span class=\"lse0\">Fair values<span class=\"_ _0\"></span> for off<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">balance</span> s<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">heet commitments<span class=\"_ _2\"></span> or guarantees are<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x45 h4f yc12 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on fe<span class=\"_ _0\"></span>es current<span class=\"_ _2b\"></span>ly <span class=\"_ _2\"></span>ch<span class=\"_ _2b\"></span>arged to enter into si<span class=\"_ _0\"></span>milar agr<span class=\"_ _0\"></span>eements<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x237 h4f yc13 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">taking int<span class=\"_ _2b\"></span>o account the remain<span class=\"_ _0\"></span>ing terms<span class=\"_ _0\"></span> of the agre<span class=\"_ _0\"></span>ements an<span class=\"_ _0\"></span>d the</div>\n<div class=\"t m0 x237 h4f yc14 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counterpartie<span class=\"_ _2\"></span>s\u2019 credit standings<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc16 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Non exch<span class=\"_ _0\"></span>ange trad<span class=\"_ _0\"></span>ed financi<span class=\"_ _2b\"></span>al instruments are of<span class=\"_ _0\"></span>ten tra<span class=\"_ _0\"></span>ded in over<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">the</span>-</span></div>\n<div class=\"t m0 x1a h4f yc17 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counter (OT<span class=\"_ _2\"></span>C) markets by deale<span class=\"_ _2\"></span>rs or other in<span class=\"_ _2\"></span>termediaries from whom<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc18 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>ices can be o<span class=\"_ _0\"></span>btained.<span class=\"_ _0\"></span> Quotat<span class=\"_ _0\"></span>ions are av<span class=\"_ _0\"></span>ailable f<span class=\"_ _0\"></span>rom vario<span class=\"_ _2b\"></span>us</div>\n<div class=\"t m0 x1a h4f yc19 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">sources for<span class=\"_ _2\"></span> many financial i<span class=\"_ _2\"></span>nstruments traded r<span class=\"_ _2\"></span>egularly in the<span class=\"_ _2\"></span> OTC</div>\n<div class=\"t m0 x1a h4f yc1a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market. T<span class=\"_ _2b\"></span>hose sources i<span class=\"_ _0\"></span>nclude t<span class=\"_ _2b\"></span>he fi<span class=\"lse2\">nancial<span class=\"_ _2\"></span> press, various publ<span class=\"_ _2\"></span>ications </span></div>\n<div class=\"t m0 x1a h4f yc1b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and financial<span class=\"_ _2\"></span> reporting services, and also in<span class=\"_ _2\"></span>dividual market makers<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc1c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1d ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value m<span class=\"_ _0\"></span>ethodol<span class=\"_ _0\"></span>ogy app<span class=\"_ _0\"></span>lied for t<span class=\"_ _2b\"></span>he measurem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _0\"></span>nancial</div>\n<div class=\"t m0 x1a h4f yc1e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents, as d<span class=\"_ _0\"></span>escribe<span class=\"_ _0\"></span>d above, di<span class=\"_ _0\"></span>d not change as<span class=\"_ _0\"></span> a result<span class=\"_ _0\"></span> of the</div>\n<div class=\"t m0 x1a h4f yc1f ffb6 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"lse2\">19 pandem<span class=\"lse0\">ic. If appl<span class=\"_ _0\"></span>icable,<span class=\"_ _0\"></span> additi<span class=\"_ _0\"></span>onal unc<span class=\"_ _2b\"></span>ertainties rel<span class=\"_ _2b\"></span>ated to the </span></span></div>\n<div class=\"t m0 x1a h4f yc20 ffb6 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"lse0\">19 pan<span class=\"_ _0\"></span>demic h<span class=\"_ _2b\"></span>ave been incorp<span class=\"_ _2b\"></span>orated in the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue </span></div>\n<div class=\"t m0 x1a h4f yc21 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">  </div>\n<div class=\"t m0 x1a h4f yc23 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">More detai<span class=\"_ _2b\"></span>led information o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _2b\"></span>ion of these valuati<span class=\"_ _2b\"></span>on methods</div>\n<div class=\"t m0 x1a h4f yc24 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and assum<span class=\"_ _0\"></span>ptions is<span class=\"_ _0\"></span> included in t<span class=\"_ _0\"></span>he applic<span class=\"_ _0\"></span>able not<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">of these<span class=\"_ _2\"></span> Ageas </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Consoli<span class=\"_ _2b\"></span>dated Financial St<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 804px; height: 277px; width: 348px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 798px; width: 348px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h55 ybf0 ffb9 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Offsett<span class=\"_ _2b\"></span>ing of financial ass<span class=\"_ _2b\"></span>ets and liabiliti<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf1 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets and liabil<span class=\"_ _0\"></span>ities are of<span class=\"_ _0\"></span>fset resu<span class=\"_ _2b\"></span>lting in the net amou<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x1a h4f ybf2 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">being re<span class=\"_ _0\"></span>ported on the s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of financ<span class=\"_ _0\"></span>ial positi<span class=\"_ _2b\"></span>on if <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is a lega<span class=\"_ _0\"></span>lly</div>\n<div class=\"t m0 x1a h4f ybf3 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">enforc<span class=\"_ _0\"></span>eabl<span class=\"lse2 ws103\">e right to set off the recogn<span class=\"_ _2\"></span>ised amounts and there is an<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f ybf4 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">intenti<span class=\"_ _0\"></span>on to set<span class=\"_ _0\"></span>tle on a<span class=\"_ _0\"></span> net bas<span class=\"_ _0\"></span>is, or re<span class=\"_ _2b\"></span>alise the asset <span class=\"_ _0\"></span>and sett<span class=\"_ _2b\"></span>le the</div>\n<div class=\"t m0 x1a h4f ybf5 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liability<span class=\"_ _2\"></span> simultaneously.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 693px; height: 89px; width: 348px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yb46 ffb6 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Derivatives</span> <span class=\"lse0 wsf0\">a<span class=\"_ _0\"></span>nd financi<span class=\"_ _2b\"></span>al instruments us<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r hedging<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb47 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Derivat<span class=\"_ _0\"></span>ives are fi<span class=\"_ _0\"></span>nancial i<span class=\"_ _2b\"></span>nstruments s<span class=\"lse2 ws103\">uch as swaps, forward and future<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yb48 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s, and option<span class=\"_ _0\"></span>s (both w<span class=\"_ _2b\"></span>ritten and pu<span class=\"_ _0\"></span>rchased<span class=\"_ _0\"></span>). The v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>hese</div>\n<div class=\"t m0 x1a h4f yb49 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments changes in response<span class=\"_ _2\"></span> to changes in various</div>\n<div class=\"t m0 x1a h4f yb4a ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">underly<span class=\"_ _0\"></span>ing varia<span class=\"_ _0\"></span>bles. Der<span class=\"_ _0\"></span>ivatives<span class=\"_ _0\"></span> require l<span class=\"_ _0\"></span>ittle or no net<span class=\"_ _0\"></span> initial<span class=\"_ _0\"></span> investm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f yb4b ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are sett<span class=\"_ _0\"></span>led at a futu<span class=\"_ _0\"></span>re date. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb4d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All deriv<span class=\"_ _2b\"></span>atives are recogn<span class=\"_ _0\"></span>ised on the s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt of financi<span class=\"_ _2b\"></span>al position at</div>\n<div class=\"t m0 x1a h4f yb4e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e on the trade d<span class=\"_ _2b\"></span>ate. A distinction is<span class=\"_ _0\"></span> made betw<span class=\"_ _0\"></span>een:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4f ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse0 wsfa\">Derivatives h<span class=\"_ _2b\"></span>eld for tradin<span class=\"_ _0\"></span>g;<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb50 ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse2 ws103\">D<span class=\"_ _2\"></span>erivatives for hedging purp<span class=\"_ _2\"></span>oses.</span><span class=\"ffb6\"> </span></span></div>\n<div class=\"t m0 x1a h55 yc26 ffb9 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Embedded <span class=\"lse0 wsef\">derivatives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc27 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets or liabilit<span class=\"_ _2b\"></span>ies can include emb<span class=\"_ _0\"></span>edded der<span class=\"_ _2b\"></span>ivatives. Such</div>\n<div class=\"t m0 x1a h4f yc28 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments are often referred to a<span class=\"_ _2\"></span>s hybrid financial</div>\n<div class=\"t m0 x1a h4f yc29 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents. Hy<span class=\"_ _2b\"></span>brid financia<span class=\"_ _2b\"></span>l instruments i<span class=\"_ _0\"></span>nclude <span class=\"_ _0\"></span>revers<span class=\"_ _0\"></span>e convert<span class=\"_ _2b\"></span>ible</div>\n<div class=\"t m0 x1a h4f yc2a ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">bonds (bond<span class=\"_ _2\"></span>s whose repayment m<span class=\"_ _2\"></span>ay take t<span class=\"lse0 wsf0\">he form of eq<span class=\"_ _0\"></span>uities) or bo<span class=\"_ _2b\"></span>nds </span></div>\n<div class=\"t m0 x1a h4f yc2b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">with indexed int<span class=\"_ _2\"></span>erest payments. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc2d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e through p<span class=\"_ _2b\"></span>rofit or loss or if</div>\n<div class=\"t m0 x1a h4f yc2e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the char<span class=\"_ _0\"></span>acterist<span class=\"_ _2b\"></span>ics and risks of the em<span class=\"_ _0\"></span>bedded de<span class=\"_ _0\"></span>rivativ<span class=\"_ _2b\"></span>e are closely</div>\n<div class=\"t m0 x1a h4f yc2f ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">related<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">to t<span class=\"_ _2b\"></span>hose of the host<span class=\"_ _0\"></span> contra<span class=\"_ _0\"></span>ct, the <span class=\"_ _0\"></span>embe<span class=\"wsf0\">d<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>ative is not<span class=\"_ _0\"></span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc30 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ed, and the hybrid fin<span class=\"_ _0\"></span>ancial ins<span class=\"_ _2b\"></span>trument is measu<span class=\"_ _0\"></span>red as one</div>\n<div class=\"t m0 x1a h4f yc31 ffb6 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">instrument. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 367px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 372px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> not measur<span class=\"_ _2b\"></span>ed at fair value throu<span class=\"_ _0\"></span>gh profit or lo<span class=\"_ _0\"></span>ss</div>\n<div class=\"t m0 x7 h4f y803 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the c<span class=\"_ _2b\"></span>haracteristic<span class=\"_ _0\"></span>s and ris<span class=\"_ _0\"></span>ks of t<span class=\"_ _0\"></span>he embed<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">de<span class=\"_ _2\"></span>d derivative are not </span></div>\n<div class=\"t m0 x7 h4f y804 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">closely r<span class=\"_ _0\"></span>elated to tho<span class=\"_ _2b\"></span>se of the host contract<span class=\"_ _0\"></span>, the emb<span class=\"_ _0\"></span>edded deriv<span class=\"_ _2b\"></span>ative</div>\n<div class=\"t m0 x7 h4f y805 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">should be separa<span class=\"_ _2\"></span>ted from the host contract<span class=\"_ _2\"></span> and measured at fair value</div>\n<div class=\"t m0 x7 h4f y806 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a stand<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">alo<span class=\"_ _0\"></span>ne deriv<span class=\"_ _0\"></span>ative. C<span class=\"_ _2b\"></span>hanges in the f<span class=\"_ _2b\"></span>air value are rec<span class=\"_ _2b\"></span>orded in </span></div>\n<div class=\"t m0 x7 h4f y807 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span>The <span class=\"_ _0\"></span>host co<span class=\"_ _0\"></span>ntract <span class=\"_ _0\"></span>is accou<span class=\"_ _0\"></span>nted fo<span class=\"_ _0\"></span>r and meas<span class=\"_ _2b\"></span>ured</div>\n<div class=\"t m0 x7 h4f y808 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g the rul<span class=\"_ _0\"></span>es of the <span class=\"_ _2b\"></span>relevant cate<span class=\"_ _0\"></span>gory of t<span class=\"_ _0\"></span>he finan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>trumen<span class=\"_ _0\"></span>t.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Embedded der<span class=\"_ _2\"></span>ivatives requiring <span class=\"_ _2\"></span>separation are repo<span class=\"_ _2\"></span>rted as hedging</div>\n<div class=\"t m0 x7 h4f y80b ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ives or deri<span class=\"_ _2b\"></span>vatives held for tr<span class=\"_ _0\"></span>ading as <span class=\"lse2 wsf1\">appropriate.<span class=\"ls0 ws0\"> </span></span></div>\n\n<div class=\"t m0 x7 h55 y8ce ffbd fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Hedging<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y882 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On the date Ag<span class=\"_ _2b\"></span>eas enters into a der<span class=\"_ _0\"></span>ivative c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">and decide<span class=\"_ _2\"></span>s to </span></span></div>\n<div class=\"t m0 x7 h4f y883 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">designat<span class=\"_ _2b\"></span>e the contract<span class=\"_ _0\"></span> for he<span class=\"_ _0\"></span>dging pu<span class=\"_ _0\"></span>rposes<span class=\"_ _0\"></span><span class=\"lse2 ws103\">, this contract is<span class=\"_ _2\"></span> designated </span></div>\n<div class=\"t m0 x7 h4f y884 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as either:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y885 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A fair value he<span class=\"_ _0\"></span>dge: a <span class=\"_ _0\"></span>hedge of t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of a reco<span class=\"_ _2b\"></span>gnised asset </span></span></div>\n<div class=\"t m0 x43 h4f y886 ffbb fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">or liab<span class=\"_ _2\"></span>ility;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb ls107 ws122\">A <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hed<span class=\"_ _0\"></span>ge of a net inves<span class=\"_ _0\"></span>tment i<span class=\"_ _0\"></span>n a foreign enti<span class=\"_ _2b\"></span>ty<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y8d0 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A cash flow he<span class=\"_ _0\"></span>dge: a he<span class=\"_ _0\"></span>dge of fut<span class=\"_ _2b\"></span>ure cash flows<span class=\"_ _0\"></span> attribut<span class=\"_ _2b\"></span>able to a </span></span></div>\n<div class=\"t m0 x43 h4f y8d1 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised a<span class=\"_ _2\"></span>sset or liability<span class=\"_ _2\"></span> or a <span class=\"ws103\">highly probable<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">for<span class=\"_ _0\"></span>ecast </span></span></div>\n<div class=\"t m0 x43 h4f y8d2 ffbb fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d3 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb28 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Hedges of firm<span class=\"_ _2\"></span> commitments are fair value hedge<span class=\"_ _2\"></span>s, except for hedge<span class=\"lsf4 ws114\">s of </span></div>\n<div class=\"t m0 x7 h4f yb29 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the for<span class=\"_ _0\"></span>eign exc<span class=\"_ _2b\"></span>hange risk of a f<span class=\"_ _0\"></span>irm comm<span class=\"_ _2b\"></span>itment, which<span class=\"_ _0\"></span> are acco<span class=\"_ _0\"></span>unted f<span class=\"_ _0\"></span>or</div>\n<div class=\"t m0 x7 h4f yb2a ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">as cash flow hedge<span class=\"_ _2\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2b ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the cont<span class=\"_ _0\"></span>ext of hedge acc<span class=\"_ _2b\"></span>ounting, the fol<span class=\"_ _0\"></span>lowing doc<span class=\"_ _2b\"></span>umentation is</div>\n<div class=\"t m0 x7 h4f yb2d ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">prepared:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y962 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">At the start of the trans<span class=\"_ _0\"></span>action, t<span class=\"_ _0\"></span>he relat<span class=\"_ _0\"></span>ionship b<span class=\"_ _2b\"></span>etween <span class=\"wsef\">the <span class=\"lse2 wsf1\">hedging </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y963 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> and hedged items,<span class=\"_ _2\"></span> as well as its<span class=\"_ _2\"></span> risk management</div>\n<div class=\"t m0 x43 h4f y964 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">objective and s<span class=\"_ _2\"></span>trategy for undertaking va<span class=\"_ _2\"></span>rious hedge transactions,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x43 h4f y965 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are docum<span class=\"_ _0\"></span>ented<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x7 h4f y966 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">Both at the start of the<span class=\"_ _0\"></span> hedge and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, the </span></span></div>\n<div class=\"t m0 x43 h4f y967 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assessm<span class=\"_ _2b\"></span>ent of whether t<span class=\"_ _2b\"></span>he derivatives<span class=\"_ _2b\"></span> that are used <span class=\"_ _0\"></span><span class=\"lse2\">in hedging<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x43 h4f y968 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions are high<span class=\"_ _0\"></span>ly effect<span class=\"_ _2b\"></span>ive in offsett<span class=\"_ _2b\"></span>ing changes in <span class=\"_ _0\"></span>fair valu<span class=\"_ _2b\"></span>es</div>\n<div class=\"t m0 x43 h4f y969 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or cash <span class=\"_ _2\"></span>flows of hedged i<span class=\"_ _2\"></span>tems is documented.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Assets, liabil<span class=\"_ _2\"></span>ities, firm commitments or high<span class=\"_ _2\"></span>ly probable forecast</div>\n<div class=\"t m0 x7 h4f y96c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions that involve a p<span class=\"_ _0\"></span>arty exter<span class=\"_ _2b\"></span>nal to Ageas are desig<span class=\"_ _2b\"></span>nated as</div>\n<div class=\"t m0 x7 h4f y96d ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">hedged it<span class=\"_ _2b\"></span>ems. A hedged i<span class=\"_ _0\"></span>tem can <span class=\"_ _2b\"></span>also be a part<span class=\"_ _0\"></span>icular r<span class=\"_ _0\"></span>isk that i<span class=\"_ _2b\"></span>s a</div>\n<div class=\"t m0 x7 h4f y96e ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">portion of<span class=\"_ _0\"></span> the total ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e hedged i<span class=\"_ _0\"></span>tem. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96f ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y970 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"lse2 wsf1\">hange</span>s<span class=\"_ _2\"></span> <span class=\"ls102 ws11d\">in <span class=\"lse2 wsf1\">the <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fai<span class=\"_ _0\"></span>r value of a hedg<span class=\"_ _2b\"></span>ed item that is attri<span class=\"_ _0\"></span>butabl<span class=\"_ _0\"></span>e to the </span></span></span></div>\n<div class=\"t m0 x7 h4f y971 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged ris<span class=\"_ _2\"></span>k and <span class=\"ls0 ws0\">c</span><span class=\"wsf1\">hange<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span></span><span class=\"lse0\">in the f<span class=\"_ _2b\"></span>air value of the <span class=\"_ _2b\"></span>hedging inst<span class=\"_ _0\"></span><span class=\"wsf0\">rument in a </span></span></div>\n<div class=\"t m0 x7 h4f y972 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">fair value hedge<span class=\"_ _2\"></span> are recognised in the income s<span class=\"_ _2\"></span>tatement. The change in</div>\n<div class=\"t m0 x7 h4f y973 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"lse0 wsf0\">fair value of int<span class=\"_ _2b\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">bearing<span class=\"_ _2\"></span> derivative instrum<span class=\"_ _2\"></span>ents is presented </span></span></span></div>\n<div class=\"t m0 x7 h4f y974 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ely <span class=\"_ _2\"></span>fr<span class=\"_ _2b\"></span>om interest accr<span class=\"_ _0\"></span>uals. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y976 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If the he<span class=\"_ _2b\"></span>dge no longer m<span class=\"_ _0\"></span>eets th<span class=\"_ _0\"></span>e crite<span class=\"_ _0\"></span>ria for h<span class=\"_ _0\"></span>edge acc<span class=\"_ _0\"></span>ounting,<span class=\"_ _2b\"></span> o<span class=\"ls102 ws129\">r is<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9da ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">otherwise di<span class=\"_ _2\"></span>scontinued, the adjustment to<span class=\"_ _2\"></span> the carrying amount of a</div>\n<div class=\"t m0 x7 h4f y9db ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged intere<span class=\"_ _2\"></span>st<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">bearing f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al instrum<span class=\"_ _0\"></span>ent that res<span class=\"_ _2b\"></span>ults from hedge </span></span></div>\n<div class=\"t m0 x7 h4f y9dc ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing is am<span class=\"_ _0\"></span>ortis<span class=\"_ _0\"></span>ed using t<span class=\"_ _2b\"></span>he new effectiv<span class=\"_ _2b\"></span>e interest rate c<span class=\"_ _2b\"></span>alculated</div>\n<div class=\"t m0 x7 h4f y9dd ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the hedg<span class=\"_ _0\"></span>e disconti<span class=\"_ _2b\"></span>nuance date.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc13 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Changes<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in the fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es that are de<span class=\"_ _0\"></span>signat<span class=\"_ _0\"></span>ed and qualif<span class=\"_ _0\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yc14 ffbb fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">as cash<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">flow hedges a<span class=\"_ _2\"></span>re recognised in <span class=\"_ _2\"></span><span class=\"ws103\">other comprehensive in<span class=\"_ _2\"></span>come</span></span> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">under the caption<span class=\"_ _2\"></span> \u2018Unrealised gains and<span class=\"_ _2\"></span> losses\u2019. The amount in <span class=\"lse0 wsef\">other </span></div>\n<div class=\"t m0 x1a h4f yc16 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">comprehensive in<span class=\"_ _2\"></span>come<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">is recl<span class=\"_ _0\"></span>assifie<span class=\"_ _0\"></span>d to the <span class=\"_ _0\"></span>income st<span class=\"_ _2b\"></span>ate<span class=\"wsf0\">ment when the </span></span></span></div>\n<div class=\"t m0 x1a h4f yc17 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedged it<span class=\"_ _0\"></span>em affect<span class=\"_ _0\"></span>s the incom<span class=\"_ _0\"></span>e stateme<span class=\"_ _0\"></span>nt. Any hed<span class=\"_ _0\"></span>ge ineffect<span class=\"_ _2b\"></span>iveness is</div>\n<div class=\"t m0 x1a h4f yc18 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">immediately rec<span class=\"_ _2\"></span>ognised in the income statement<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>hedge <span class=\"_ _0\"></span>of a forec<span class=\"_ _2b\"></span>ast transact<span class=\"_ _0\"></span>ion or fi<span class=\"_ _2b\"></span>rm commitment <span class=\"_ _2b\"></span>results in</div>\n<div class=\"t m0 x1a h4f yc1b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the recognition<span class=\"_ _2\"></span> of a non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">financial <span class=\"_ _2\"></span>asset or of a n<span class=\"_ _2\"></span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-</span></span></span>financial liabi<span class=\"_ _2\"></span>lity, the</div>\n<div class=\"t m0 x1a h4f yc1c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses pre<span class=\"_ _0\"></span>viousl<span class=\"_ _0\"></span>y deferre<span class=\"_ _0\"></span>d in <span class=\"lse2 ws103\">other comprehens<span class=\"_ _2\"></span>ive income<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x1a h4f yc1d ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transferred fr<span class=\"_ _2\"></span>om other comprehensive income<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>and are included in the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1e ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial measurem<span class=\"_ _2\"></span>ent of that non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">financial ass<span class=\"_ _2b\"></span>et or liability. Ot<span class=\"_ _0\"></span>herwise,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc1f ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts deferred<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">in </span></span>other compr<span class=\"_ _2\"></span>ehensive income<span class=\"ls0 ws0\"> </span>ar<span class=\"_ _2\"></span>e transferred to the</div>\n<div class=\"t m0 x1a h4f yc20 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement and <span class=\"wsef\">are </span>class<span class=\"_ _0\"></span>ified as pr<span class=\"_ _0\"></span>ofit or loss<span class=\"_ _0\"></span> in the perio<span class=\"_ _0\"></span>ds</div>\n<div class=\"t m0 x1a h4f yc21 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">during wh<span class=\"_ _0\"></span>ich the hedg<span class=\"_ _2b\"></span>ed firm commitme<span class=\"_ _0\"></span>nt or forec<span class=\"_ _0\"></span>ast transa<span class=\"_ _2b\"></span>ction affects</div>\n<div class=\"t m0 x1a h4f yc22 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc23 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc24 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The above als<span class=\"_ _2b\"></span>o applies if the hed<span class=\"_ _0\"></span>ge no<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">longer meets the cr<span class=\"_ _2\"></span>iteria for </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedge acc<span class=\"_ _2b\"></span>ounting, or is other<span class=\"_ _0\"></span>wise disc<span class=\"_ _2b\"></span>ontinued, but the h<span class=\"_ _2b\"></span>edged forecast</div>\n<div class=\"t m0 x1a h4f yc34 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion or firm co<span class=\"_ _0\"></span>mmitme<span class=\"_ _0\"></span>nt are st<span class=\"_ _2b\"></span>ill expected t<span class=\"_ _0\"></span>o occur.<span class=\"_ _0\"></span> If the h<span class=\"_ _0\"></span>edged</div>\n<div class=\"t m0 x1a h4f yc35 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">forecast trans<span class=\"_ _2\"></span>action or firm commitment are<span class=\"_ _2\"></span> no longer expected to</div>\n<div class=\"t m0 x1a h4f yc36 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occur, th<span class=\"_ _0\"></span>e am<span class=\"lse2 wsfa\">ounts deferred<span class=\"_ _2\"></span> in </span>other com<span class=\"_ _2b\"></span>prehensive inc<span class=\"_ _0\"></span>ome<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are <span class=\"lse2 wsf1\">directly </span></span></div>\n<div class=\"t m0 x1a h4f yc37 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transfe<span class=\"_ _0\"></span>rred to t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 346px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 646px; width: 352px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 335px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 824px; width: 352px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 340px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 829px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y9de ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div id=\"fs_WIILL92SOG00000000000000000000\">\n<div class=\"t m0 x1a h4f ybf4 ffbb fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.3<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"ls102 ws11d\">Sa<span class=\"_ _2\"></span>le</span> <span class=\"lse2 wsfa\">and repurchase<span class=\"_ _2\"></span> agreements and l<span class=\"_ _2\"></span>ending / borrowing<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1e6 h4f ybf5 ffbb fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">securities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf6 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies subjec<span class=\"_ _0\"></span>t to a commit<span class=\"_ _2b\"></span>ment to repurchas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>em (\u2018repo\u2019<span class=\"_ _0\"></span>) are not</div>\n<div class=\"t m0 x1a h4f ybf7 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised fr<span class=\"_ _0\"></span>om the state<span class=\"_ _0\"></span>ment of fina<span class=\"_ _2b\"></span>ncial position as su<span class=\"_ _2b\"></span>bstantially all</div>\n<div class=\"t m0 x1a h4f ybf8 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the risk and r<span class=\"_ _0\"></span>ewards of ow<span class=\"_ _2b\"></span>nership remain w<span class=\"_ _0\"></span>ithin Age<span class=\"_ _0\"></span>as. The pr<span class=\"_ _0\"></span>oceeds</div>\n<div class=\"t m0 x1a h4f ybf9 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">received f<span class=\"_ _2\"></span>rom such sales are <span class=\"_ _2\"></span>neutralised by re<span class=\"_ _2\"></span>cognising a</div>\n<div class=\"t m0 x1a h4f ybfa ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">corresponding<span class=\"_ _2\"></span> financial liability, cla<span class=\"_ _2\"></span>ssified under \u2018Bo<span class=\"wsf1\">rrowings\u2019<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ybfb ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfc ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies purch<span class=\"_ _0\"></span>ased unde<span class=\"_ _0\"></span>r agreem<span class=\"_ _0\"></span>ents to rese<span class=\"_ _2b\"></span>ll (\u2018reverse repos<span class=\"_ _2b\"></span>\u2019) are</div>\n<div class=\"t m0 x1a h4f ybfd ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d on the st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> of finan<span class=\"_ _2b\"></span>cial position.<span class=\"_ _0\"></span> The ri<span class=\"_ _0\"></span>ght to</div>\n<div class=\"t m0 x1a h4f ybfe ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">receive cash from<span class=\"_ _2\"></span> a counterparty is recorded<span class=\"_ _2\"></span> under \u2018Loans\u2019. The</div>\n<div class=\"t m0 x1a h4f ybff ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">difference bet<span class=\"_ _2\"></span>ween the sale and repurchase pri<span class=\"_ _2\"></span>ce is tr<span class=\"lse0 wsf0\">eated as i<span class=\"_ _2b\"></span>nterest </span></div>\n<div class=\"t m0 x1a h4f yc00 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and accru<span class=\"_ _2b\"></span>ed over the life of the ag<span class=\"_ _0\"></span>reements us<span class=\"_ _2b\"></span>ing the effectiv<span class=\"_ _0\"></span>e interest<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc01 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">method. <span class=\"ls0 ws0\"> </span></div>\n</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 349px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yc02 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc03 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies lent t<span class=\"_ _2b\"></span>o counterpart<span class=\"_ _0\"></span>ies rem<span class=\"_ _0\"></span>ain on t<span class=\"_ _0\"></span>he state<span class=\"_ _2b\"></span>ment of financi<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x1a h4f yc04 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">position. Si<span class=\"_ _2\"></span>milarly, securities <span class=\"_ _2\"></span>borrowed are no<span class=\"_ _2\"></span>t recognised on <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f yc05 ffbb fs3a fc14 sc0 lsf4 ws114\" style=\"z-index: 15;\">statement of fina<span class=\"lse2 ws103\">ncial po<span class=\"_ _2\"></span>sition. If borrowed securities are sold to third </span></div>\n<div class=\"t m0 x1a h4f yc06 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">parties, the proceeds from the sale and a liability for the obligation to</div>\n<div class=\"t m0 x1a h4f yc07 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">return the collateral are recorded. The obligation to return the collateral<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc08 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is measured at fair value through profit or loss. Cash advanced or<span class=\"ls0 ws0\"><span class=\"lse2 wsfa\"><span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc09 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">received related to securities borrowing or lending transactions is</div>\n<div class=\"t m0 x1a h4f yc0a ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recorded under \u2018Loans\u2019 or under \u2018Borrowings\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 356px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 356px; width: 349px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h4f yb5b ffbb fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.4<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsf0\">Cash and cash equiv<span class=\"_ _2b\"></span>alents <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb5c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Cash and ca<span class=\"_ _0\"></span>sh equiva<span class=\"_ _2b\"></span>lents comprise<span class=\"_ _0\"></span> cash on hand, f<span class=\"_ _0\"></span>reely ava<span class=\"_ _0\"></span>ilable</div>\n<div class=\"t m0 x1a h4f yc38 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">balances with<span class=\"_ _2\"></span> (central) b<span class=\"lse0 wsfa\">anks a<span class=\"_ _0\"></span>nd other f<span class=\"_ _2b\"></span>inancial instr<span class=\"_ _2b\"></span>uments with l<span class=\"_ _0\"></span>ess </span></div>\n<div class=\"t m0 x1a h4f yc39 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">than thre<span class=\"_ _0\"></span>e months mat<span class=\"_ _2b\"></span>urity from the date<span class=\"_ _0\"></span> of acquisit<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 284px; height: 57px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 251px; height: 855px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 251px; height: 855px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag404": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yb9a ffa4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Financial asset<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yb9b ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A financi<span class=\"_ _0\"></span>al instrum<span class=\"_ _2b\"></span>ent is any contract tha<span class=\"_ _2b\"></span>t <span class=\"_ _2\"></span>giv<span class=\"_ _2b\"></span>es rise to a financial as<span class=\"_ _0\"></span>set</div>\n<div class=\"t m0 x7 h4f yb9c ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of one entity<span class=\"_ _0\"></span> and a financ<span class=\"_ _0\"></span>ial liabi<span class=\"_ _0\"></span>lity or equ<span class=\"_ _2b\"></span>ity instrument o<span class=\"_ _0\"></span>f another</div>\n<div class=\"t m0 x7 h4f yb9d ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">entity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb9e ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb9f ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas clas<span class=\"_ _0\"></span>sifies a<span class=\"_ _0\"></span>nd measur<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>fin<span class=\"_ _2b\"></span>ancial assets and <span class=\"ls102 ws11d\">financial liabi<span class=\"_ _2\"></span>lities </span></div>\n<div class=\"t m0 x7 h4f yba0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on th<span class=\"_ _0\"></span>e nature of th<span class=\"_ _0\"></span>e underly<span class=\"_ _0\"></span>ing trans<span class=\"_ _0\"></span>actions<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yba1 ffa6 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication of<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">financial<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">asset<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yba2 ffa4 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Management det<span class=\"_ _0\"></span>ermines the app<span class=\"_ _0\"></span>ropriate clas<span class=\"_ _0\"></span>sification of it<span class=\"_ _0\"></span>s financial</div>\n<div class=\"t m0 x7 h4f yba3 ffa4 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">instruments at<span class=\"_ _0\"></span> the acquisitio<span class=\"_ _0\"></span>n date:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yba4 ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse2 wsf1\">H<span class=\"_ _2\"></span>eld</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">to</span>-<span class=\"lse0 wsf0\">maturity: inclu<span class=\"_ _2b\"></span>des debt securit<span class=\"_ _2b\"></span>ies with a fixed matur<span class=\"_ _0\"></span>ity of </span></span></span></div>\n<div class=\"t m0 x43 h4f yba5 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">which management ha<span class=\"_ _2\"></span>s both the intention and<span class=\"_ _2\"></span> the ability to hold the</div>\n<div class=\"t m0 x43 h4f yba6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents to mat<span class=\"_ _0\"></span>urity;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yba7 ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse0 wsf0\">Loans and rece<span class=\"wsfa\">iva<span class=\"_ _2b\"></span>bles: includes<span class=\"_ _0\"></span> debt sec<span class=\"_ _2b\"></span>urities with f<span class=\"_ _0\"></span>ixed or </span></span></span></div>\n<div class=\"t m0 x43 h4f yba8 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>nable payments th<span class=\"_ _0\"></span>at are not q<span class=\"_ _0\"></span>uoted in an act<span class=\"_ _0\"></span>ive mark<span class=\"_ _0\"></span>et and</div>\n<div class=\"t m0 x43 h4f yba9 ffa4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that, upon <span class=\"_ _2\"></span>initial recognition<span class=\"_ _2\"></span>, are not designa<span class=\"_ _2\"></span>ted as held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-</span><span class=\"wsf1\">trading </span></div>\n<div class=\"t m0 x43 h4f ybaa ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">nor as avail<span class=\"_ _2b\"></span>able<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-</span><span class=\"wsef\">sale;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f ybab ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 ls102 ws11d\">A<span class=\"_ _2\"></span>vailable</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsfa\">sale: inc<span class=\"_ _0\"></span>ludes s<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>ies to b<span class=\"wsf0\">e h<span class=\"_ _2b\"></span>eld for an indefinit<span class=\"_ _0\"></span>e </span></span></span></span></div>\n<div class=\"t m0 x43 h4f ybac ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">period of<span class=\"_ _0\"></span> time, w<span class=\"_ _2b\"></span>hich may be sol<span class=\"_ _2b\"></span>d in response t<span class=\"_ _0\"></span>o needs f<span class=\"_ _2b\"></span>or liquidity</div>\n<div class=\"t m0 x43 h4f ybad ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or to changes<span class=\"_ _0\"></span> in interes<span class=\"_ _0\"></span>t rates,<span class=\"_ _0\"></span> exchange r<span class=\"_ _0\"></span>ates or equi<span class=\"_ _0\"></span>ty prices<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x7 h4f ybae ffa8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffa9\"> <span class=\"_ _46\"> </span><span class=\"ffa4 lse0 wsf0\">Financial asset<span class=\"_ _0\"></span>s held at fai<span class=\"_ _0\"></span>r value throu<span class=\"_ _2b\"></span>gh profit or loss:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x43 h4f ybaf ffaa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffa9\"> <span class=\"_ _a\"> </span><span class=\"ffa4 lse2 wsf1\">Held</span><span class=\"ffa4\">-<span class=\"lsfc ws115\">for<span class=\"_ _2\"></span></span>-<span class=\"lse2 wsfa\">trading: include<span class=\"_ _2\"></span>s secur<span class=\"lse0 wsf0\">ities th<span class=\"_ _0\"></span>at are acqui<span class=\"_ _2b\"></span>red for the </span></span></span></span></div>\n<div class=\"t m0 x217 h4f ybb0 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">purpose of genera<span class=\"_ _2\"></span>ting short<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term profi<span class=\"_ _0\"></span>ts;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x43 h4f ybb1 ffaa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffa9\"> <span class=\"_ _a\"> </span><span class=\"ffa4 lse0 wsfa\">Financ<span class=\"_ _2b\"></span>ial securiti<span class=\"_ _0\"></span>es desig<span class=\"_ _2b\"></span>nated at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it or </span></span></div>\n<div class=\"t m0 x217 h4f ybb2 ffa4 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 ybb3 ffa6 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Measure<span class=\"_ _0\"></span>ment of fi<span class=\"_ _0\"></span>nancial ass<span class=\"_ _2b\"></span>ets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ybb4 ffa4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"lse0 wsf0\">maturit<span class=\"_ _0\"></span>y invest<span class=\"_ _0\"></span>ments ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d at amortis<span class=\"_ _2b\"></span>ed cost less any </span></span></div>\n<div class=\"t m0 x7 h4f ybb5 ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">allowan<span class=\"_ _0\"></span>ces <span class=\"wsfa\">for im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt. Any <span class=\"_ _0\"></span>differen<span class=\"_ _2b\"></span>ce with the fai<span class=\"_ _2b\"></span>r value at initi<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x1a h4f ybb6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, resulting fr<span class=\"_ _2b\"></span>om transaction c<span class=\"_ _0\"></span>osts, init<span class=\"_ _0\"></span>ial premi<span class=\"_ _2b\"></span>ums or</div>\n<div class=\"t m0 x1a h4f ybb7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _0\"></span>s, is amo<span class=\"_ _0\"></span>rtised ov<span class=\"_ _0\"></span>er the life of<span class=\"_ _0\"></span> the invest<span class=\"_ _0\"></span>ment usi<span class=\"_ _0\"></span>ng the effec<span class=\"_ _0\"></span>tive</div>\n<div class=\"t m0 x1a h4f ybb8 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t metho<span class=\"_ _0\"></span>d. If a he<span class=\"_ _0\"></span>ld<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>mat<span class=\"_ _2b\"></span>urity asset is d<span class=\"_ _0\"></span>etermi<span class=\"_ _0\"></span>ned to b<span class=\"_ _0\"></span>e impaire<span class=\"_ _2b\"></span>d,</div>\n<div class=\"t m0 x1a h4f ybb9 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the allo<span class=\"_ _2b\"></span>wance for impa<span class=\"_ _0\"></span>irment <span class=\"_ _0\"></span>is recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _2b\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 766px; height: 58px; width: 352px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 42px; width: 342px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f ybba ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f ybbb ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans and r<span class=\"_ _0\"></span>eceivabl<span class=\"_ _2b\"></span>es are measured at am<span class=\"_ _0\"></span>ortised c<span class=\"_ _0\"></span>ost less any<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ybbc ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">allowances for<span class=\"_ _2\"></span> impairment. At initial reco<span class=\"_ _2\"></span>gnition, loans and receiv<span class=\"_ _2\"></span>ables</div>\n<div class=\"t m0 x1a h4f ybbd ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are measu<span class=\"_ _0\"></span>red at fair va<span class=\"_ _2b\"></span>lue i<span class=\"lse2 ws103\">ncluding<span class=\"_ _2\"></span> transaction costs and ini<span class=\"_ _2\"></span>tial </span></div>\n<div class=\"t m0 x1a h4f ybbe ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms or disco<span class=\"_ _0\"></span>unts. Amo<span class=\"_ _2b\"></span>rtised cost is calc<span class=\"_ _0\"></span>ulated us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _0\"></span>ective</div>\n<div class=\"t m0 x1a h4f ybbf ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate m<span class=\"_ _0\"></span>ethod (<span class=\"_ _0\"></span>EIR), ta<span class=\"_ _2b\"></span>king into acc<span class=\"_ _0\"></span>ount any <span class=\"_ _0\"></span>disco<span class=\"_ _0\"></span>unt or pr<span class=\"_ _0\"></span>emium</div>\n<div class=\"t m0 x1a h4f ybc0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on acquisi<span class=\"_ _0\"></span>tion and fee<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>or cost<span class=\"_ _0\"></span>s that are an in<span class=\"_ _0\"></span>tegral pa<span class=\"_ _0\"></span>rt of the EIR.<span class=\"_ _0\"></span> The<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybc1 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EIR amo<span class=\"_ _0\"></span>rtisati<span class=\"_ _0\"></span>on is reco<span class=\"_ _2b\"></span>gnised in the i<span class=\"_ _0\"></span>ncome st<span class=\"_ _2b\"></span>atement. Gains<span class=\"_ _0\"></span> and</div>\n<div class=\"t m0 x1a h4f ybc2 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">losses a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> when th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ments</div>\n<div class=\"t m0 x1a h4f ybc3 ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">are <span class=\"lse2 wsf1\">de<span class=\"wsfa\">recognised o<span class=\"_ _2\"></span>r impaired. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 609px; height: 136px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h4f ybc4 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybc5 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For floati<span class=\"_ _2b\"></span>ng rate instrume<span class=\"_ _0\"></span>nts, the cas<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>flo<span class=\"_ _0\"></span>ws are perio<span class=\"_ _0\"></span>dically<span class=\"_ _0\"></span> re<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f ybc6 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed to reflect mo<span class=\"_ _2b\"></span>vements in ma<span class=\"_ _0\"></span>rket int<span class=\"_ _0\"></span>erest rat<span class=\"_ _2b\"></span>es. If the flo<span class=\"_ _0\"></span>ating</div>\n<div class=\"t m0 x1a h4f ybc7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate instr<span class=\"_ _2b\"></span>ument is initially rec<span class=\"_ _2b\"></span>ognised at an amo<span class=\"_ _0\"></span>unt (almost<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>eq<span class=\"_ _0\"></span>ual to the</div>\n<div class=\"t m0 x1a h4f ybc8 ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">principal repa<span class=\"_ _2\"></span>yable, the re<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">estimation ha<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>no si<span class=\"_ _0\"></span>gnifica<span class=\"_ _0\"></span>nt effect on t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f ybc9 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> amount of th<span class=\"_ _0\"></span>e instrum<span class=\"_ _2b\"></span>ent and there w<span class=\"_ _2b\"></span>ill be no adjust<span class=\"_ _0\"></span>ment to t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f ybca ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>int<span class=\"_ _0\"></span>erest, rep<span class=\"_ _0\"></span>orted on an ac<span class=\"_ _2b\"></span>crual basis. How<span class=\"_ _0\"></span>ever, if a fl<span class=\"_ _0\"></span>oating</div>\n<div class=\"t m0 x1a h4f ybcb ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate instr<span class=\"_ _2b\"></span>ument is acquir<span class=\"_ _0\"></span>ed at a<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">significan<span class=\"_ _2\"></span>t premium or discount,</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">this </span></span></div>\n<div class=\"t m0 x1a h4f ybcc ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>m or disco<span class=\"_ _2b\"></span>unt is amortis<span class=\"_ _2b\"></span>ed over the exp<span class=\"_ _0\"></span>ected lif<span class=\"_ _0\"></span>e of the</div>\n<div class=\"t m0 x1a h4f ybcd ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent and is i<span class=\"_ _0\"></span>ncluded i<span class=\"_ _0\"></span>n the calcul<span class=\"_ _0\"></span>ation of the EI<span class=\"_ _2b\"></span>R. The carrying</div>\n<div class=\"t m0 x1a h4f ybce ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount is r<span class=\"_ _0\"></span>ecalcul<span class=\"_ _2b\"></span>ated each period b<span class=\"_ _0\"></span>y computi<span class=\"_ _0\"></span>ng the pres<span class=\"_ _0\"></span>ent value of</div>\n<div class=\"t m0 x1a h4f ybcf ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fut<span class=\"_ _2b\"></span>ure cash flows at the act<span class=\"_ _2b\"></span>ual effective inte<span class=\"_ _2b\"></span>rest rate. Any</div>\n<div class=\"t m0 x1a h4f ybd0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ments are re<span class=\"_ _2b\"></span>cognised in profi<span class=\"_ _0\"></span>t or loss.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybd1 ffa4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f ybd2 ffa4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsf0\">trading i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts, deriv<span class=\"_ _2b\"></span>atives and assets<span class=\"_ _0\"></span> design<span class=\"_ _0\"></span>ated as held </span></span></div>\n<div class=\"t m0 x1a h4f ybd3 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _2b\"></span>ough profit or l<span class=\"_ _0\"></span>oss are <span class=\"_ _2b\"></span>measured at fai<span class=\"_ _2b\"></span>r value. Chang<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x1a h4f ybd4 ffa4 fs3a fc14 sc0 lsfc ws121\" style=\"z-index: 15;\">in the<span class=\"_ _2\"></span><span class=\"ls102 ws11d\">ir<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">fair value a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e income stat<span class=\"_ _2b\"></span>ement. The (real<span class=\"_ _0\"></span>ised </span></span></span></div>\n<div class=\"t m0 x1a h4f ybd5 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and unre<span class=\"_ _2b\"></span>alised) resul<span class=\"_ _0\"></span>ts are inc<span class=\"_ _2b\"></span>luded in \u2018Resu<span class=\"_ _0\"></span>lt on sa<span class=\"_ _0\"></span>les and</div>\n<div class=\"t m0 x1a h4f ybd6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">revaluat<span class=\"_ _2b\"></span>ions\u2019. Interest re<span class=\"_ _2b\"></span>ceived (paid) on as<span class=\"_ _0\"></span>sets (lia<span class=\"_ _2b\"></span>bilities) held fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f ybd7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">trading is<span class=\"_ _0\"></span> reporte<span class=\"_ _0\"></span>d as intere<span class=\"_ _0\"></span>st income (e<span class=\"_ _0\"></span>xpense).<span class=\"_ _0\"></span> Divide<span class=\"lse2 wsfa\">nds received are </span></div>\n<div class=\"t m0 x1a h4f ybd8 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in \u2018Inter<span class=\"_ _0\"></span>est, divi<span class=\"_ _0\"></span>dend and ot<span class=\"_ _0\"></span>her invest<span class=\"_ _0\"></span>ment inc<span class=\"_ _0\"></span>ome\u2019.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 100px; width: 352px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 105px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 472px; width: 352px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 551px; width: 352px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 472px; width: 343px; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The majority of Ageas's financial investments (being bonds and equity<span class=\"ws103\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">instruments) are classified as available-for-sale and are measured at fair<span class=\"wsf0\"><span class=\"wsef\"> </span></span></div>\n<div class=\"t m0 x7 h4f y804 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">value. Changes in their fair value are recognised in other<span class=\"wsf1\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">comprehensive income until the investment is sold.<span class=\"lse0 wsf0\"> At the mo<span class=\"_ _0\"></span>ment of </span></div>\n<div class=\"t m0 x7 h4f y806 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span>, the accu<span class=\"_ _2b\"></span>mulated fair valu<span class=\"_ _0\"></span>e changes in ot<span class=\"_ _2b\"></span>her comprehe<span class=\"_ _0\"></span>nsive</div>\n<div class=\"t m0 x7 h4f y807 ffab fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">income<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are recycled throu<span class=\"_ _2\"></span>gh the income statement. Reve<span class=\"_ _2\"></span>nue o<span class=\"lse0 wsef\">n </span></span></span></div>\n<div class=\"t m0 x7 h4f y808 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"ws103\">sale<span class=\"_ _2\"></span> debt securities is recogni<span class=\"_ _2\"></span>sed using the effective </span></div>\n<div class=\"t m0 x7 h4f y809 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t metho<span class=\"_ _0\"></span>d. Peri<span class=\"_ _0\"></span>odic amo<span class=\"_ _0\"></span>rtisati<span class=\"_ _2b\"></span>on and impairm<span class=\"_ _0\"></span>ent loss<span class=\"_ _0\"></span>es are</div>\n<div class=\"t m0 x7 h4f y80a ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recognised in<span class=\"_ _2\"></span> the income statement and dividen<span class=\"_ _2\"></span>ds are recognised as</div>\n<div class=\"t m0 x7 h4f y80b ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income up<span class=\"_ _0\"></span>on receipt<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 945px; height: 152px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y80c ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80d ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For thos<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance po<span class=\"_ _0\"></span>rtfolio<span class=\"_ _0\"></span>s,<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">where unr<span class=\"_ _2b\"></span>ealised gains and l<span class=\"_ _0\"></span>osses on </span></div>\n<div class=\"t m0 x7 h4f y80e ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">bonds hav<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>a direc<span class=\"_ _2b\"></span>t impact on the measur<span class=\"_ _0\"></span>ement of t<span class=\"_ _0\"></span>he insura<span class=\"_ _0\"></span>nce</div>\n<div class=\"t m0 x7 h4f y80f ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities,<span class=\"_ _2\"></span> Ageas applies shado<span class=\"_ _2\"></span>w accounting in <span class=\"_ _2\"></span>accordance with IF<span class=\"_ _2\"></span>RS<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">4. </span></span></div>\n<div class=\"t m0 x7 h4f y810 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t the changes in the unrealised<span class=\"_ _2\"></span> gains and losses will</div>\n<div class=\"t m0 x7 h4f y90a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">affect the m<span class=\"_ _2b\"></span>eas<span class=\"lse2 wsfa\">urement<span class=\"_ _2\"></span> of the insurance <span class=\"_ _2\"></span>liabilities, implyi<span class=\"_ _2\"></span>ng why those </span></div>\n<div class=\"t m0 x7 h4f y90b ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes w<span class=\"_ _0\"></span>ill theref<span class=\"_ _2b\"></span>ore not be part of equit<span class=\"_ _0\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y8d0 ffad fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f <span class=\"wsf1\">financial<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">assets</span> </span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A financial asse<span class=\"_ _2\"></span>t (or group of financial as<span class=\"_ _2\"></span>sets) classified as either</div>\n<div class=\"t m0 x7 h4f y8d2 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span>, loans and receiv<span class=\"_ _2\"></span>ables or held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-</span><span class=\"ws103\">maturity is dee<span class=\"_ _2\"></span>med </span></span></div>\n<div class=\"t m0 x7 h4f y8d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be impai<span class=\"_ _0\"></span>red if:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb28 ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 wsfa\">T<span class=\"_ _2\"></span>here is objective e<span class=\"_ _2\"></span>vidence of impairm<span class=\"_ _2\"></span>ent</span><span class=\"ffab\"> <span class=\"lse0 wsf0\">as a result of<span class=\"_ _0\"></span> one or more </span></span></span></div>\n<div class=\"t m0 x43 h4f yb29 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss eve<span class=\"_ _0\"></span>nts or t<span class=\"_ _0\"></span>rigger<span class=\"_ _0\"></span>s (e.g. s<span class=\"_ _2b\"></span>ignificant fin<span class=\"_ _2b\"></span>ancial diffic<span class=\"_ _0\"></span>ulty of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x43 h4f yb2a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issuer) t<span class=\"_ _0\"></span>hat have o<span class=\"_ _0\"></span>ccurred af<span class=\"_ _0\"></span>ter the ini<span class=\"_ _0\"></span>tial recog<span class=\"_ _2b\"></span>nition of the asset;<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x43 h4f yb2b ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lsf3 ws11c\">Th<span class=\"lse0 wsf0\">at loss event (or ev<span class=\"_ _0\"></span>ents) has (o<span class=\"_ _0\"></span>r have) an im<span class=\"_ _0\"></span>pact on the </span></span></span></div>\n<div class=\"t m0 x43 h4f yb2d ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed future cash f<span class=\"_ _2b\"></span>lows of the fina<span class=\"_ _2b\"></span>ncial asset (o<span class=\"_ _0\"></span>r group o<span class=\"_ _0\"></span>f</div>\n<div class=\"t m0 x43 h4f y962 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>that c<span class=\"_ _0\"></span>an be reliabl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>est<span class=\"_ _0\"></span>imated.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y963 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y964 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For equit<span class=\"_ _0\"></span>y securiti<span class=\"_ _2b\"></span>es, the triggers us<span class=\"_ _0\"></span>ed to dete<span class=\"_ _0\"></span>rmine whet<span class=\"_ _2b\"></span>her <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is</div>\n<div class=\"t m0 x7 h4f y965 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve evide<span class=\"_ _0\"></span>nce of i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent inclu<span class=\"_ _2b\"></span>de, amongst ot<span class=\"_ _0\"></span>hers, th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y966 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration whether t<span class=\"_ _2b\"></span>he fair value is<span class=\"_ _2b\"></span> significantl<span class=\"_ _0\"></span>y (25%)<span class=\"_ _2b\"></span> below the</div>\n<div class=\"t m0 x7 h4f y967 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">carrying v<span class=\"_ _2\"></span>alue or has been b<span class=\"_ _2\"></span>elow the carrying <span class=\"_ _2\"></span>value for a prol<span class=\"_ _2\"></span>onged</div>\n<div class=\"t m0 x7 h4f y968 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period (<span class=\"_ _0\"></span>365 consec<span class=\"_ _2b\"></span>utive days) on the dat<span class=\"_ _0\"></span>e of the state<span class=\"_ _2b\"></span>me<span class=\"wsfa\">nt of financ<span class=\"_ _0\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y969 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Depend<span class=\"_ _0\"></span>ing on th<span class=\"_ _0\"></span>e type of <span class=\"_ _0\"></span>financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _0\"></span>, the r<span class=\"_ _0\"></span>ecovera<span class=\"_ _0\"></span>ble amo<span class=\"_ _0\"></span>unt can</div>\n<div class=\"t m0 x7 h4f y96c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">be estimat<span class=\"_ _2b\"></span>ed as follows: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair <span class=\"wsf0\">value us<span class=\"_ _0\"></span>ing an obs<span class=\"_ _0\"></span>ervable m<span class=\"_ _2b\"></span>arket price;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair value <span class=\"_ _2b\"></span>using non<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">data<span class=\"_ _2\"></span></span>; </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96f ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsf0\">Based on the</span><span class=\"ffab\"> <span class=\"lse0 wsfa\">fair val<span class=\"_ _2b\"></span>ue of the coll<span class=\"_ _0\"></span>ateral. <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y970 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y971 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If an available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-</span></span>sale asset<span class=\"_ _2\"></span> is determined to be impaired, t<span class=\"_ _2\"></span>he allowance</div>\n<div class=\"t m0 x7 h4f y972 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for impai<span class=\"_ _0\"></span>rment is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _0\"></span>ent. For imp<span class=\"_ _0\"></span>aired</div>\n<div class=\"t m0 x7 h4f y973 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span> assets, unrealised<span class=\"_ _2\"></span> losses previousl<span class=\"_ _2\"></span>y recognised in </span></div>\n<div class=\"t m0 x7 h4f y974 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other compr<span class=\"lse0 wsf0\">ehensive inco<span class=\"_ _0\"></span>me<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are transferred<span class=\"_ _2\"></span> to the income statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y975 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">when the i<span class=\"_ _2\"></span>mpairment occurs. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y977 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If, in a s<span class=\"_ _0\"></span>ubsequ<span class=\"_ _0\"></span>ent per<span class=\"_ _0\"></span>iod, th<span class=\"_ _0\"></span>e fair val<span class=\"_ _2b\"></span>ue of a debt inst<span class=\"_ _2b\"></span>rument classi<span class=\"_ _0\"></span>fied</div>\n<div class=\"t m0 x1a h4f y978 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as availa<span class=\"_ _0\"></span>ble<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span><span class=\"wsfa\">sal<span class=\"_ _2b\"></span>e increases an<span class=\"_ _0\"></span>d the inc<span class=\"_ _2b\"></span>rease object<span class=\"_ _0\"></span>ively rel<span class=\"_ _2b\"></span>ates to an </span></div>\n<div class=\"t m0 x1a h4f y979 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event occu<span class=\"_ _2b\"></span>rring after the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _2b\"></span>on of any allowance for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _2b\"></span>nt in</div>\n<div class=\"t m0 x1a h4f y97a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the incom<span class=\"_ _0\"></span>e statement<span class=\"_ _2b\"></span>, the allowance f<span class=\"_ _0\"></span>or impair<span class=\"_ _0\"></span>ment is rev<span class=\"_ _0\"></span>ersed, wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f y97b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the rev<span class=\"_ _2b\"></span>ersal <span class=\"lse2 wsf1\">being </span><span class=\"wsf0\">recognised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>. </span></div>\n<div class=\"t m0 x1a h4f y97c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Further po<span class=\"_ _2b\"></span>sitive revaluat<span class=\"_ _0\"></span>ions of debt<span class=\"_ _0\"></span> instru<span class=\"_ _0\"></span>ments clas<span class=\"_ _2b\"></span>sified as a<span class=\"ls102 ws11d\">vailable<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f y97d ffab fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\">-<span class=\"lsfb wsfa\">sal<span class=\"_ _2\"></span>e <span class=\"lse2\">is recognise<span class=\"_ _2\"></span>d</span></span> <span class=\"lse0 wsfa\">in oth<span class=\"_ _0\"></span>er comp<span class=\"_ _0\"></span>rehensiv<span class=\"_ _2b\"></span>e income.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb32 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb33 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments on<span class=\"_ _2\"></span> an equity instrument class<span class=\"_ _2\"></span>ified as available<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">sale ar<span class=\"_ _0\"></span>e </span></span></span></div>\n<div class=\"t m0 x1a h4f yb34 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rev<span class=\"_ _0\"></span>ersed th<span class=\"_ _0\"></span>rough th<span class=\"_ _0\"></span>e income<span class=\"_ _2b\"></span> statement; i<span class=\"_ _0\"></span>ncrease<span class=\"_ _0\"></span>s in the<span class=\"_ _0\"></span>ir fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yb35 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">after imp<span class=\"_ _0\"></span>airment ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d directly<span class=\"_ _0\"></span> in ot<span class=\"lse2 wsfa\">her comprehensi<span class=\"_ _2\"></span>ve income.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 157px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 456px; width: 354px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 162px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 461px; width: 354px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 167px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 466px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y976 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h55 y982 ffad fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Trade and <span class=\"wsef\">set<span class=\"_ _0\"></span>tlement<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">date</span> </span></span></div>\n<div class=\"t m0 x1a h4f y983 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All purch<span class=\"_ _0\"></span>ases and sal<span class=\"_ _0\"></span>es of financ<span class=\"_ _2b\"></span>ial assets requi<span class=\"_ _2b\"></span>ring delivery wit<span class=\"_ _0\"></span>hin the</div>\n<div class=\"t m0 x1a h4f y984 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">timefra<span class=\"_ _0\"></span>me esta<span class=\"_ _0\"></span>blished <span class=\"_ _0\"></span>by regu<span class=\"_ _0\"></span>lation o<span class=\"_ _0\"></span>r market<span class=\"_ _0\"></span> convent<span class=\"_ _2b\"></span>ion are</div>\n<div class=\"t m0 x1a h4f y9c2 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed on th<span class=\"_ _2b\"></span>e trade date, w<span class=\"_ _0\"></span>hich is<span class=\"_ _2b\"></span> the date when A<span class=\"_ _0\"></span>geas bec<span class=\"_ _0\"></span>omes a</div>\n<div class=\"t m0 x1a h4f y9c3 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">party to t<span class=\"_ _2b\"></span>he contractu<span class=\"_ _0\"></span>al provis<span class=\"_ _2b\"></span>ions of the fin<span class=\"_ _2b\"></span>ancial assets.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c4 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c5 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Forward p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>es and sales,<span class=\"_ _0\"></span> other than th<span class=\"_ _2b\"></span>ose requiring del<span class=\"_ _2b\"></span>ivery within</div>\n<div class=\"t m0 x1a h4f y9c6 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the timef<span class=\"_ _0\"></span>rame esta<span class=\"_ _2b\"></span>blished by regulat<span class=\"_ _2b\"></span>ion or market conv<span class=\"_ _0\"></span>ention,<span class=\"_ _0\"></span> are</div>\n<div class=\"t m0 x1a h4f y9c7 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised a<span class=\"_ _2\"></span>s derivative forward<span class=\"_ _2\"></span> transactions until<span class=\"_ _2\"></span> set<span class=\"wsf1\">tlement. <span class=\"ls0 ws0\"> </span></span></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h55 y98b ffad fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"wsef\">financi<span class=\"_ _2b\"></span>al<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">liabilities</span> </span></span></div>\n<div class=\"t m0 x1a h4f y98c ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The IFRS classi<span class=\"_ _2\"></span>fication of financial liabil<span class=\"_ _2\"></span>ities determines their<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y98d ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment and re<span class=\"_ _2b\"></span>cognition in the i<span class=\"_ _0\"></span>ncome stat<span class=\"_ _2b\"></span>ement as follows<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">Financial liabilities at fair value through profit or loss include:<span class=\"wsef\"><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y98f ffab fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">i)  Financial liabilities held-for-trading<span class=\"ls102 ws115\"><span class=\"lsfc\"><span class=\"ls0 ws0\"><span class=\"lse2 wsfa\">, including<span class=\"_ _2\"></span> derivative </span></span></span></span></div>\n<div class=\"t m0 x1e6 h4f y990 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> that do not qualify for hedge<span class=\"_ _2\"></span> accounting; and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f y991 ffab fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">ii)<span class=\"ffaf ls0 ws0\"> <span class=\"_ _22\"> </span></span><span class=\"lse2 wsfa\">Financial l<span class=\"_ _2\"></span>iabilities that Agea<span class=\"_ _2\"></span>s has irrevocabl<span class=\"_ _2\"></span>y designated at </span></div>\n<div class=\"t m0 x1e6 h4f y992 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initial re<span class=\"_ _2\"></span>cognition or at f<span class=\"_ _2\"></span>irst<span class=\"ls0 ws0\">-</span><span class=\"ws103\">time adoption<span class=\"_ _2\"></span> of IFRS as held at f<span class=\"lse0 wsef\">air </span></span></div>\n<div class=\"t m0 x1e6 h4f y993 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss, b<span class=\"_ _0\"></span>ecause:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1e6 h4f y994 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lse0 wsf0\">The host contrac<span class=\"_ _0\"></span>t inclu<span class=\"_ _0\"></span>des an embe<span class=\"_ _0\"></span>dded deri<span class=\"_ _0\"></span>vative th<span class=\"_ _2b\"></span>at </span></span></div>\n<div class=\"t m0 x23 h4f y995 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">would othe<span class=\"_ _2b\"></span>rwise require se<span class=\"_ _0\"></span>paratio<span class=\"_ _2b\"></span>n;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1e6 h4f y996 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lse0 wsf0\">It eliminates o<span class=\"_ _0\"></span>r signific<span class=\"_ _0\"></span>antly red<span class=\"_ _0\"></span>uces a meas<span class=\"_ _0\"></span>urement o<span class=\"_ _2b\"></span>r </span></span></div>\n<div class=\"t m0 x23 h4f y997 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion inconsiste<span class=\"_ _0\"></span>ncy (\u2018acc<span class=\"_ _0\"></span>ountin<span class=\"_ _0\"></span>g mismatch<span class=\"_ _2b\"></span>\u2019)<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">or</span> </span></div>\n<div class=\"t m0 x1e6 h4f y9c8 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lsf4 ws10c\">It <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">rel<span class=\"_ _0\"></span>ates to a <span class=\"_ _0\"></span>group of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _2b\"></span>s and/or liabi<span class=\"_ _0\"></span>lities t<span class=\"_ _2b\"></span>hat </span></span></span></div>\n<div class=\"t m0 x23 h4f y9c9 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are mana<span class=\"_ _0\"></span>ged and of whic<span class=\"_ _0\"></span>h the perfo<span class=\"_ _2b\"></span>rmance is evaluat<span class=\"_ _0\"></span>ed on a</div>\n<div class=\"t m0 x23 h4f y9ca ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e basis.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cb ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 ws103\">O<span class=\"_ _2\"></span>ther financial liabili<span class=\"_ _2\"></span>ties are initially recognised<span class=\"_ _2\"></span> at fair value less </span></span></div>\n<div class=\"t m0 x6c h4f y9cc ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion costs. Subse<span class=\"_ _0\"></span>quently<span class=\"_ _0\"></span>, other fi<span class=\"_ _0\"></span>nan<span class=\"ls102 ws115\">cial liabili<span class=\"_ _2\"></span>ties are </span></div>\n<div class=\"t m0 x6c h4f y9cd ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at amort<span class=\"_ _0\"></span>ised cost us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _2b\"></span>ective interest met<span class=\"_ _2b\"></span>hod,</div>\n<div class=\"t m0 x6c h4f y9ce ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with the per<span class=\"_ _0\"></span>iodic am<span class=\"_ _0\"></span>ortisat<span class=\"_ _0\"></span>ion reco<span class=\"_ _0\"></span>rded in the inc<span class=\"_ _0\"></span>ome state<span class=\"_ _0\"></span>ment.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cf ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d0 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Subordinated lia<span class=\"_ _2\"></span>bilities and borrowings ar<span class=\"_ _2\"></span>e initially recognised at fa<span class=\"_ _2\"></span>ir</div>\n<div class=\"t m0 x1a h4f y9d1 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value les<span class=\"_ _2b\"></span>s <span class=\"wsf0\">transacti<span class=\"_ _0\"></span>on costs and a<span class=\"_ _0\"></span>re subse<span class=\"_ _0\"></span>quently me<span class=\"_ _2b\"></span>asured at </span></div>\n<div class=\"t m0 x1a h4f y9d2 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost usi<span class=\"_ _2b\"></span>ng the effective int<span class=\"_ _2b\"></span>erest method, wit<span class=\"_ _2b\"></span>h the periodic</div>\n<div class=\"t m0 x1a h4f y9d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ation rec<span class=\"_ _2b\"></span>orded in the income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 388px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 388px; width: 334px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 330px; height: 776px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffb3 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Transaction co<span class=\"_ _2\"></span>sts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Transac<span class=\"_ _0\"></span>tion cost<span class=\"_ _0\"></span>s on financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span><span class=\"wsfa\">uments r<span class=\"_ _2b\"></span>efer to the inc<span class=\"_ _0\"></span>rementa<span class=\"_ _0\"></span>l costs </span></div>\n<div class=\"t m0 x7 h4f y804 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">directl<span class=\"_ _0\"></span>y attribut<span class=\"_ _2b\"></span>able to the acquisit<span class=\"_ _2b\"></span>ion or disposal of a fi<span class=\"_ _0\"></span>nancial as<span class=\"_ _0\"></span>set or</div>\n<div class=\"t m0 x7 h4f y805 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y. They inc<span class=\"_ _2b\"></span>lude fees and commi<span class=\"_ _0\"></span>ssions pa<span class=\"_ _0\"></span>id to agents,<span class=\"_ _0\"></span> advisers<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y806 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">brokers an<span class=\"_ _2b\"></span>d dealers, levies im<span class=\"_ _0\"></span>posed by<span class=\"_ _0\"></span> regulato<span class=\"_ _0\"></span>ry agenci<span class=\"_ _2b\"></span>es and</div>\n<div class=\"t m0 x7 h4f y807 ffb1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span><span class=\"lse2 ws103\">ies exchanges as<span class=\"_ _2\"></span> well as transfer taxes and duties. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Those tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _0\"></span>n costs ar<span class=\"_ _0\"></span>e include<span class=\"_ _0\"></span>d in the initi<span class=\"_ _0\"></span>al measure<span class=\"_ _0\"></span>ment of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y80a ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial asse<span class=\"_ _2\"></span>t or liability, except if<span class=\"_ _2\"></span> the financial asset or liab<span class=\"_ _2\"></span>ility is</div>\n<div class=\"t m0 x7 h4f y80b ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss, in w<span class=\"_ _2b\"></span>hich<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">ca<span class=\"_ _2b\"></span>se transaction </span></div>\n<div class=\"t m0 x7 h4f y80c ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">costs are <span class=\"_ _2\"></span>directly expensed.<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 929px; height: 163px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 929px; height: 168px; width: 351px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y882 ffb3 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Fair val<span class=\"_ _0\"></span>ue of financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y883 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value i<span class=\"_ _0\"></span>s the amou<span class=\"_ _2b\"></span>nt for which an<span class=\"_ _0\"></span> asset o<span class=\"_ _0\"></span>r grant<span class=\"_ _0\"></span>ed equit<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x7 h4f y884 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent could b<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>exc<span class=\"_ _0\"></span>hanged a<span class=\"_ _0\"></span>nd a liability<span class=\"_ _0\"></span> could be set<span class=\"_ _0\"></span>tled bet<span class=\"_ _0\"></span>ween</div>\n<div class=\"t m0 x7 h4f y885 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">knowledgeable<span class=\"_ _2\"></span>, willing parties<span class=\"_ _2\"></span> in a<span class=\"lse0 wsf0\">n arm\u2019s len<span class=\"_ _0\"></span>gth trans<span class=\"_ _0\"></span>action.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y886 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8cf ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value pr<span class=\"_ _2b\"></span>esented is the <span class=\"_ _0\"></span>\u2018clean\u2019<span class=\"_ _0\"></span> fair val<span class=\"_ _0\"></span>ue, whic<span class=\"_ _2b\"></span>h is the total f<span class=\"_ _0\"></span>air</div>\n<div class=\"t m0 x7 h4f y8d0 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value or \u2018di<span class=\"_ _0\"></span>rty\u2019 fai<span class=\"_ _0\"></span>r value less<span class=\"_ _0\"></span> interest acc<span class=\"_ _2b\"></span>ruals and trans<span class=\"_ _0\"></span>action cost<span class=\"_ _0\"></span>s.</div>\n<div class=\"t m0 x7 h4f y8d1 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Accrued i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> are classif<span class=\"_ _2b\"></span>ied separately.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d2 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d3 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fair val<span class=\"_ _0\"></span>ue of a liabil<span class=\"_ _2b\"></span>ity or<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">own<span class=\"_ _2\"></span> equity instrument reflec<span class=\"_ _2\"></span>ts the effect of </span></span></div>\n<div class=\"t m0 x7 h4f yb28 ffb1 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">performanc<span class=\"_ _0\"></span>e risk. Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">performance<span class=\"_ _2\"></span> risk includes, but <span class=\"_ _2\"></span>may not be </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limite<span class=\"_ _0\"></span>d to, the entit<span class=\"_ _2b\"></span>y\u2019s own risk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2a ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f yb2b ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An asset or liabil<span class=\"_ _2\"></span>ity is initially measured<span class=\"_ _2\"></span> at fair value. If the tran<span class=\"_ _2\"></span>saction</div>\n<div class=\"t m0 x7 h4f yb2c ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">price dif<span class=\"_ _0\"></span>fers f<span class=\"_ _0\"></span>rom this<span class=\"_ _0\"></span> fair<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">value,<span class=\"_ _0\"></span> the result<span class=\"_ _2b\"></span>ing gain or loss is reco<span class=\"_ _2b\"></span>gnised </span></div>\n<div class=\"t m0 x7 h4f yb2d ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> unless I<span class=\"_ _2b\"></span>FRS specify ot<span class=\"_ _2b\"></span>herwise.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 36px; width: 353px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y962 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y963 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The basic p<span class=\"_ _0\"></span>rincipl<span class=\"_ _0\"></span>es used for es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ing fair val<span class=\"_ _2b\"></span>ue are as follows:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y964 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse2 wsfa\">M<span class=\"_ _2\"></span>aximisation of the <span class=\"_ _2\"></span>use or relevant<span class=\"_ _2\"></span> observable (market) i<span class=\"_ _2\"></span>nputs and </span></span></div>\n<div class=\"t m0 x43 h4f y965 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">minimis<span class=\"_ _0\"></span>ation of <span class=\"wsfa\">th<span class=\"_ _0\"></span>e use of<span class=\"_ _0\"></span> unobse<span class=\"_ _0\"></span>rvable <span class=\"_ _0\"></span>inputs (s<span class=\"_ _2b\"></span>uch as internal<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x43 h4f y966 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es and assumptions<span class=\"_ _2b\"></span>);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y967 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Only change in esti<span class=\"_ _0\"></span>mating tec<span class=\"_ _2b\"></span>hniques if an impro<span class=\"_ _2b\"></span>vement can be </span></span></div>\n<div class=\"t m0 x43 h4f y968 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rated or if<span class=\"_ _0\"></span> a change is nec<span class=\"_ _2b\"></span>essary because of<span class=\"_ _0\"></span> changes in</div>\n<div class=\"t m0 x43 h4f y969 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market co<span class=\"_ _0\"></span>nditio<span class=\"_ _0\"></span>ns or in the avai<span class=\"_ _0\"></span>labilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>of inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span><span class=\"wsef\">n.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y96a ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In dete<span class=\"_ _0\"></span>rmining t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue, follow<span class=\"_ _0\"></span>ing hiera<span class=\"_ _2b\"></span>rchy for dete<span class=\"_ _0\"></span>rminin<span class=\"_ _0\"></span>g and</div>\n<div class=\"t m0 x7 h4f y96c ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ing the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue is use<span class=\"_ _2b\"></span>d, in the orde<span class=\"_ _0\"></span>r listed:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsfa\">Level 1: fair v<span class=\"_ _0\"></span>alues me<span class=\"_ _2b\"></span>asured using (<span class=\"_ _2b\"></span>unadjusted) q<span class=\"_ _0\"></span>uoted p<span class=\"_ _0\"></span>rices i<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x43 h4f y96e ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an active ma<span class=\"_ _2b\"></span>rket for identical<span class=\"_ _0\"></span> assets or <span class=\"lse2 wsfa\">liabilities, which m<span class=\"_ _2\"></span>eans that </span></div>\n<div class=\"t m0 x43 h4f y96f ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quoted prices are<span class=\"_ _2\"></span> readily available and re<span class=\"_ _2\"></span>flect actual and regularly</div>\n<div class=\"t m0 x43 h4f y970 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occurri<span class=\"_ _0\"></span>ng market t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions on an a<span class=\"_ _0\"></span>rm\u2019s lengt<span class=\"_ _0\"></span>h basis;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y971 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Level 2: fair values<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>meas<span class=\"_ _0\"></span>ured usin<span class=\"_ _0\"></span>g inputs oth<span class=\"_ _2b\"></span>er than quoted prices<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x43 h4f y972 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in leve<span class=\"_ _0\"></span>l 1 that<span class=\"_ _0\"></span> are obs<span class=\"_ _0\"></span>e<span class=\"wsf0\">rvabl<span class=\"_ _0\"></span>e (in the mark<span class=\"_ _0\"></span>et), eithe<span class=\"_ _0\"></span>r direct<span class=\"_ _0\"></span>ly </span></div>\n<div class=\"t m0 x43 h4f y973 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(i.e. pric<span class=\"_ _2b\"></span>es) or indirectly (i.<span class=\"_ _2b\"></span>e. derived from pric<span class=\"_ _2b\"></span>es, such as interest<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x43 h4f y974 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exchang<span class=\"_ _2b\"></span>e rates);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Level 3: fair values<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>meas<span class=\"_ _0\"></span>ured usin<span class=\"_ _0\"></span>g inputs that<span class=\"_ _0\"></span> are not (c<span class=\"_ _0\"></span>omplete<span class=\"_ _0\"></span>ly) </span></span></div>\n<div class=\"t m0 x43 h4f y976 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>observable data;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lsfc ws115\">C<span class=\"_ _2\"></span>ost.</span><span class=\"ffb1\"> </span></span></div>\n<div class=\"t m0 x1a h4f ybdc ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leve<span class=\"_ _2b\"></span>l in the fair <span class=\"wsf0\">va<span class=\"_ _0\"></span>lue hierarc<span class=\"_ _2b\"></span>hy within which the f<span class=\"_ _0\"></span>air value </span></div>\n<div class=\"t m0 x1a h4f ybdd ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measurement i<span class=\"_ _2\"></span>s categorised <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">determined <span class=\"wsf0\">base<span class=\"_ _0\"></span>d on<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">the lowes<span class=\"_ _2\"></span>t level </span></span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybde ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">input t<span class=\"_ _0\"></span>hat is si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant to th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue me<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent in it<span class=\"_ _0\"></span>s entiret<span class=\"_ _0\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybdf ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe0 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Level 2 and lev<span class=\"_ _2b\"></span>el 3 fair value measu<span class=\"_ _0\"></span>rements us<span class=\"_ _0\"></span>ually req<span class=\"_ _0\"></span>uire the us<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x1a h4f ybe1 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on techn<span class=\"_ _2b\"></span>iques.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybe2 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe3 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A financ<span class=\"_ _0\"></span>ial inst<span class=\"_ _2b\"></span>rument is rega<span class=\"_ _0\"></span>rded as <span class=\"_ _0\"></span>quoted i<span class=\"_ _0\"></span>n an acti<span class=\"_ _0\"></span>ve mark<span class=\"_ _0\"></span>et whe<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f ybe4 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quoted prices are<span class=\"_ _2\"></span> readily and regularly ava<span class=\"_ _2\"></span>ilable from an exchange,</div>\n<div class=\"t m0 x1a h4f ybe5 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">dealer, brok<span class=\"_ _2\"></span>er, industry grou<span class=\"_ _2\"></span>p, pricing service<span class=\"_ _2\"></span> or regulatory agen<span class=\"_ _2\"></span>cy, and</div>\n<div class=\"t m0 x1a h4f ybe6 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">those prices<span class=\"_ _2\"></span> reflect actual a<span class=\"_ _2\"></span>nd regularly occurrin<span class=\"_ _2\"></span>g market transa<span class=\"_ _2\"></span>ctions</div>\n<div class=\"t m0 x1a h4f ybe7 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on an arm\u2019s le<span class=\"_ _2b\"></span>ngth basis. When a fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _2b\"></span>rument is trade<span class=\"_ _0\"></span>d in an</div>\n<div class=\"t m0 x1a h4f ybe8 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active an<span class=\"_ _0\"></span>d liquid mar<span class=\"_ _0\"></span>ket, its q<span class=\"_ _0\"></span>uoted mar<span class=\"_ _0\"></span>ket price o<span class=\"_ _0\"></span>r value prov<span class=\"_ _2b\"></span>ides the</div>\n<div class=\"t m0 x1a h4f ybe9 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">best evide<span class=\"_ _2\"></span>nce of its fair<span class=\"_ _2\"></span> value. No adjus<span class=\"_ _2\"></span>tment is made <span class=\"ws103\">to the<span class=\"_ _2\"></span> fair value of </span></div>\n<div class=\"t m0 x1a h4f ybea ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">large hol<span class=\"_ _2b\"></span>dings of shares<span class=\"_ _0\"></span>, unless<span class=\"_ _0\"></span> there<span class=\"_ _0\"></span> is a bind<span class=\"_ _0\"></span>ing agr<span class=\"_ _0\"></span>eement t<span class=\"_ _2b\"></span>o sell the</div>\n<div class=\"t m0 x1a h4f ybeb ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">shares at<span class=\"_ _0\"></span> a pric<span class=\"_ _0\"></span>e other t<span class=\"_ _2b\"></span>han the marke<span class=\"_ _0\"></span>t price. T<span class=\"_ _2b\"></span>he appropriat<span class=\"_ _2b\"></span>e quoted</div>\n<div class=\"t m0 x1a h4f ybec ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market <span class=\"_ _0\"></span>price for <span class=\"_ _2b\"></span>an asset held o<span class=\"_ _0\"></span>r a lia<span class=\"_ _0\"></span>bility to <span class=\"_ _0\"></span>be iss<span class=\"_ _0\"></span>ued is th<span class=\"_ _0\"></span>e curre<span class=\"_ _0\"></span>nt bid</div>\n<div class=\"t m0 x1a h4f ybed ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">price, an<span class=\"_ _0\"></span>d fo<span class=\"wsfa\">r an a<span class=\"_ _0\"></span>sset to be<span class=\"_ _2b\"></span> acquired or a <span class=\"_ _0\"></span>liabilit<span class=\"_ _2b\"></span>y held, the ask p<span class=\"_ _2b\"></span>rice. </span></div>\n<div class=\"t m0 x1a h4f ybee ffb1 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Mid<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">market prices<span class=\"_ _0\"></span> are used as a bas<span class=\"_ _2b\"></span>is for establish<span class=\"_ _0\"></span>ing the fair va<span class=\"_ _0\"></span>lue of </span></span></div>\n<div class=\"t m0 x1a h4f ybef ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets and l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies with of<span class=\"_ _0\"></span>fsetti<span class=\"_ _0\"></span>ng market r<span class=\"_ _0\"></span>isks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf0 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybf1 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If there <span class=\"_ _2b\"></span>is a significant<span class=\"_ _2b\"></span> decrease in th<span class=\"_ _0\"></span>e volum<span class=\"_ _2b\"></span>e or level of act<span class=\"_ _2b\"></span>ivi<span class=\"lsfc ws121\">ty<span class=\"_ _2\"></span> for the </span></div>\n<div class=\"t m0 x1a h4f ybf2 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset or lia<span class=\"_ _0\"></span>bility,<span class=\"_ _0\"></span> the trans<span class=\"_ _0\"></span>actions o<span class=\"_ _0\"></span>r quoted pr<span class=\"_ _0\"></span>ices are r<span class=\"_ _0\"></span>eviewed a<span class=\"_ _0\"></span>nd an</div>\n<div class=\"t m0 x1a h4f ybf3 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">alternat<span class=\"_ _2b\"></span>ive valuatio<span class=\"_ _0\"></span>n techniq<span class=\"_ _2b\"></span>ue or multipl<span class=\"_ _0\"></span>e valuati<span class=\"_ _2b\"></span>on techniques (<span class=\"_ _2b\"></span>e.g.</div>\n<div class=\"t m0 x1a h4f ybf4 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value tec<span class=\"_ _0\"></span>hniques<span class=\"_ _0\"></span>) may be appl<span class=\"_ _0\"></span>ied.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf5 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybf6 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If no act<span class=\"_ _0\"></span>ive mark<span class=\"_ _2b\"></span>et price is ava<span class=\"_ _0\"></span>ilable, f<span class=\"_ _2b\"></span>air values are <span class=\"_ _0\"></span>e<span class=\"wsf0\">stimat<span class=\"_ _2b\"></span>ed using </span></div>\n<div class=\"t m0 x1a h4f ybf7 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value or <span class=\"_ _2b\"></span>other valuatio<span class=\"_ _2b\"></span>n techniques <span class=\"_ _0\"></span>based o<span class=\"_ _0\"></span>n market<span class=\"_ _0\"></span> observ<span class=\"_ _2b\"></span>able</div>\n<div class=\"t m0 x1a h4f ybf8 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">inputs, ex<span class=\"_ _2b\"></span>isting at the report<span class=\"_ _2b\"></span>ing date. Inputs ca<span class=\"_ _0\"></span>n be either<span class=\"_ _0\"></span> directly</div>\n<div class=\"t m0 x1a h4f ybf9 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">observa<span class=\"_ _2b\"></span>ble (i.e. prices) or i<span class=\"_ _0\"></span>ndirect<span class=\"_ _0\"></span>ly observ<span class=\"_ _0\"></span>able (i.e.<span class=\"_ _0\"></span> derive<span class=\"_ _0\"></span>d from pric<span class=\"_ _0\"></span>es,</div>\n<div class=\"t m0 x1a h4f ybfa ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">such as int<span class=\"_ _0\"></span>erest or exc<span class=\"_ _0\"></span>hange rat<span class=\"_ _0\"></span>es). <span class=\"lse2 wsf1\">When<span class=\"ls0 ws0\"> </span></span>Ageas uses<span class=\"_ _0\"></span> quantit<span class=\"_ _0\"></span>ative</div>\n<div class=\"t m0 x1a h4f ybfb ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unobse<span class=\"_ _0\"></span>rvable i<span class=\"_ _0\"></span>nputs i<span class=\"_ _0\"></span>n measur<span class=\"_ _0\"></span>ing fair <span class=\"_ _0\"></span>value, t<span class=\"_ _2b\"></span>hose are not d<span class=\"_ _0\"></span>evelope<span class=\"_ _0\"></span>d in</div>\n<div class=\"t m0 x1a h4f ybfc ffb1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">house.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfd ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfe ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If there is a val<span class=\"_ _2b\"></span>uation techniq<span class=\"_ _0\"></span>ue common<span class=\"_ _0\"></span>ly used by mar<span class=\"_ _2b\"></span>ket participants<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ybff ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to pric<span class=\"_ _0\"></span>e an instr<span class=\"_ _2b\"></span>ument and that<span class=\"_ _0\"></span> valuat<span class=\"_ _0\"></span>ion tec<span class=\"_ _0\"></span>hnique d<span class=\"_ _2b\"></span>emonstrated t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yc00 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide r<span class=\"_ _0\"></span>eliabl<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>es of prices<span class=\"_ _0\"></span> obtained i<span class=\"_ _0\"></span>n actual ma<span class=\"_ _0\"></span>rket</div>\n<div class=\"t m0 x1a h4f yc01 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transactions,<span class=\"_ _2\"></span> Ageas applies that valuation<span class=\"_ _2\"></span> technique. Well established<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc02 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on techni<span class=\"_ _2b\"></span>ques in financial ma<span class=\"_ _0\"></span>rkets incl<span class=\"_ _2b\"></span>ude recent market<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc03 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions, discount<span class=\"_ _2b\"></span>ed cash flows <span class=\"_ _0\"></span>(includi<span class=\"_ _2b\"></span>ng optio<span class=\"ls0 ws0\">n-</span><span class=\"lse2\">pricing<span class=\"_ _2\"></span> models) </span></div>\n<div class=\"t m0 x1a h4f yc04 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and curr<span class=\"_ _0\"></span>ent rep<span class=\"_ _0\"></span>laceme<span class=\"_ _2b\"></span>nt cost. An acc<span class=\"_ _0\"></span>eptable v<span class=\"_ _2b\"></span>aluation tec<span class=\"_ _0\"></span>hnique</div>\n<div class=\"t m0 x1a h4f yc05 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">incorporates all<span class=\"_ _2\"></span> factors that market parti<span class=\"_ _2\"></span>cipants would consider when</div>\n<div class=\"t m0 x1a h4f yc06 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">setting <span class=\"_ _0\"></span>a price,<span class=\"_ _0\"></span> and sh<span class=\"_ _0\"></span>ould be c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>ent with <span class=\"_ _0\"></span>accept<span class=\"_ _0\"></span>ed econo<span class=\"_ _0\"></span>mic</div>\n<div class=\"t m0 x1a h4f yc07 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">methodologies<span class=\"_ _2\"></span> for pricing financial in<span class=\"_ _2\"></span>s<span class=\"lse0 wsef\">tru<span class=\"_ _0\"></span>ments.<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">These techniques are </span></span></span></div>\n<div class=\"t m0 x1a h4f yc08 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subject t<span class=\"_ _0\"></span>o inherent<span class=\"_ _0\"></span> limitati<span class=\"_ _2b\"></span>ons, such as estimat<span class=\"_ _0\"></span>ion of the a<span class=\"_ _0\"></span>ppropria<span class=\"_ _2b\"></span>te risk<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yc09 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed discount<span class=\"_ _0\"></span> rate. The us<span class=\"_ _2b\"></span>e of different assum<span class=\"_ _2b\"></span>ptions and inputs</div>\n<div class=\"t m0 x1a h4f yc0a ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">would yi<span class=\"_ _2b\"></span>eld different r<span class=\"_ _0\"></span>esults.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc0b ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc0c ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The level 3 pos<span class=\"_ _2b\"></span>itions are mainly s<span class=\"_ _0\"></span>ensitiv<span class=\"_ _0\"></span>e to a c<span class=\"wsfa\">hange<span class=\"_ _0\"></span> in the l<span class=\"_ _0\"></span>evel of </span></div>\n<div class=\"t m0 x1a h4f yc0d ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d futur<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows and,<span class=\"_ _0\"></span> accord<span class=\"_ _0\"></span>ingly, t<span class=\"_ _2b\"></span>he fair value of<span class=\"ls0 ws0\"> </span><span class=\"wsef\">th<span class=\"_ _2b\"></span>ose </span></div>\n<div class=\"t m0 x1a h4f yc0e ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">positions v<span class=\"_ _2\"></span>aries<span class=\"ls0 ws0\"> </span><span class=\"lse0\">in prop<span class=\"_ _0\"></span>ortion t<span class=\"_ _0\"></span>o change<span class=\"_ _0\"></span>s of thes<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows. T<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x1a h4f yc0f ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes i<span class=\"_ _0\"></span>n value of th<span class=\"_ _0\"></span>e level 3 instr<span class=\"_ _0\"></span>uments a<span class=\"_ _0\"></span>re account<span class=\"_ _2b\"></span>ed for in other</div>\n<div class=\"t m0 x1a h4f yc10 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 268px; height: 829px; width: 353px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 593px; width: 350px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y9db ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 267px; height: 839px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Methods and assum<span class=\"_ _2\"></span>ptions used in determining<span class=\"_ _2\"></span> the fair value are largely</div>\n<div class=\"t m0 x7 h4f y803 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">depende<span class=\"_ _2b\"></span>nt on whether the inst<span class=\"_ _0\"></span>rument is<span class=\"_ _0\"></span> traded on fi<span class=\"_ _0\"></span>nancial m<span class=\"_ _0\"></span>arkets an<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y804 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the info<span class=\"_ _0\"></span>rmation t<span class=\"_ _0\"></span>hat is avail<span class=\"_ _0\"></span>able to be inc<span class=\"_ _2b\"></span>orporated into t<span class=\"_ _0\"></span>he valuat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x7 h4f y805 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">models<span class=\"ws103\">. A summary o<span class=\"_ _2\"></span>f different financial in<span class=\"_ _2\"></span>strument types along with </span></div>\n<div class=\"t m0 x7 h4f y806 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e treat<span class=\"_ _0\"></span>ment is i<span class=\"_ _0\"></span>nclude<span class=\"_ _0\"></span>d below:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ffb6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">i)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _13b\"> </span></span><span class=\"lse0 wsf0\">Fair values<span class=\"_ _0\"></span> for securit<span class=\"_ _0\"></span>ies class<span class=\"_ _2b\"></span>ified at availab<span class=\"_ _0\"></span>le<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span>sale o<span class=\"_ _0\"></span>r at fair </span></div>\n<div class=\"t m0 x45 h4f y808 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss are d<span class=\"_ _0\"></span>etermin<span class=\"_ _2b\"></span>ed using market pric<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x45 h4f y809 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from activ<span class=\"_ _2\"></span>e <span class=\"lse0\">mark<span class=\"_ _0\"></span>ets. If n<span class=\"_ _0\"></span>o quote<span class=\"_ _0\"></span>d prices<span class=\"_ _0\"></span> are avai<span class=\"_ _2b\"></span>lable from an </span></div>\n<div class=\"t m0 x45 h4f y80a ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active mar<span class=\"_ _2b\"></span>ket, the fair value is<span class=\"_ _0\"></span> determi<span class=\"_ _0\"></span>ned using di<span class=\"_ _0\"></span>scount<span class=\"_ _0\"></span>ed cash</div>\n<div class=\"t m0 x45 h4f y80b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flow models.<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">In par<span class=\"_ _0\"></span>ticular fo<span class=\"_ _2b\"></span>r asset<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">backed<span class=\"_ _2\"></span> securities, the expected<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x45 h4f y80c ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws used <span class=\"_ _0\"></span>in the d<span class=\"_ _0\"></span>iscount<span class=\"_ _0\"></span>ed cash f<span class=\"_ _0\"></span>low mo<span class=\"_ _0\"></span>del tak<span class=\"_ _0\"></span>e into</div>\n<div class=\"t m0 x45 h4f y80d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account o<span class=\"_ _0\"></span>r<span class=\"wsfa\">igina<span class=\"_ _0\"></span>l underw<span class=\"_ _0\"></span>riting c<span class=\"_ _2b\"></span>riteria, borr<span class=\"_ _0\"></span>ower att<span class=\"_ _0\"></span>ributes<span class=\"_ _2b\"></span> (such as </span></div>\n<div class=\"t m0 x45 h4f y80e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">age and cre<span class=\"_ _0\"></span>dit scores<span class=\"_ _2b\"></span>), <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>an<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>val<span class=\"_ _2b\"></span>ue ratios, expect<span class=\"_ _0\"></span>ed house pr<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x45 h4f y80f ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">movements and exp<span class=\"_ _2\"></span>ected prepayment rates.<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Dis<span class=\"_ _0\"></span>count fa<span class=\"_ _0\"></span>ctors are </span></span></div>\n<div class=\"t m0 x45 h4f y810 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on a sw<span class=\"_ _0\"></span>ap curve plu<span class=\"_ _0\"></span>s a spread ref<span class=\"_ _2b\"></span>lecting the risk</div>\n<div class=\"t m0 x45 h4f y90a ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">characterist<span class=\"lse0 wsfa\">ics of the inst<span class=\"_ _0\"></span>rument. <span class=\"_ _0\"></span>Fair va<span class=\"_ _2b\"></span>lues for secur<span class=\"_ _0\"></span>ities </span></div>\n<div class=\"t m0 x45 h4f y90b ffb6 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">classified at held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">maturity (only n<span class=\"_ _2\"></span>ecessary for dis<span class=\"_ _2\"></span>closures) are </span></span></div>\n<div class=\"t m0 x45 h4f y90c ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned in the same way.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ffb6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">ii)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _1ae\"> </span></span><span class=\"lse0 wsf0\">Fair values for de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive financ<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>ruments<span class=\"_ _0\"></span> are obtain<span class=\"_ _0\"></span>ed from </span></div>\n<div class=\"t m0 x45 h4f y90e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active mar<span class=\"_ _2b\"></span>kets or are determi<span class=\"_ _0\"></span>ned usin<span class=\"_ _0\"></span>g, as <span class=\"lse2 wsf1\">appropriate, </span></div>\n<div class=\"t m0 x45 h4f y90f ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash flow model<span class=\"_ _0\"></span>s and option pr<span class=\"_ _2b\"></span>icing models.<span class=\"_ _0\"></span> Quoted</div>\n<div class=\"t m0 x45 h4f y910 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>ices prov<span class=\"_ _0\"></span>ide the mos<span class=\"_ _0\"></span>t reliabl<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e for derivat<span class=\"_ _2b\"></span>ives</div>\n<div class=\"t m0 x45 h4f y911 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">traded on a rec<span class=\"_ _2b\"></span>ognised excha<span class=\"_ _2b\"></span>nge. Fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es not</div>\n<div class=\"t m0 x45 h4f y912 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">traded on<span class=\"_ _2\"></span> a recognised exchan<span class=\"_ _2\"></span>ge is considered <span class=\"_ _2\"></span>to be<span class=\"ls0 ws0\"> </span><span class=\"lse0\">the valu<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x45 h4f y913 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that could <span class=\"_ _2\"></span>be realised thro<span class=\"_ _2\"></span>ugh termination o<span class=\"_ _2\"></span>r assignment of the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x45 h4f y914 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">derivative.<span class=\"_ _2\"></span> Factors that influence the va<span class=\"_ _2\"></span>luation of an individual<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x45 h4f y915 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ive inclu<span class=\"_ _2b\"></span>de <span class=\"_ _2\"></span>the co<span class=\"_ _0\"></span>unterp<span class=\"_ _2b\"></span>arty\u2019s credit rat<span class=\"_ _0\"></span>ing and the<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x45 h4f y916 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complex<span class=\"_ _0\"></span>ity of t<span class=\"_ _0\"></span>he deriv<span class=\"_ _2b\"></span>ative. If thes<span class=\"_ _0\"></span>e factor<span class=\"_ _0\"></span>s differ f<span class=\"_ _2b\"></span><span class=\"wsf0\">rom the basic </span></div>\n<div class=\"t m0 x45 h4f y917 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">factors<span class=\"_ _0\"></span> underly<span class=\"_ _2b\"></span>ing the quote, <span class=\"_ _0\"></span>an adjus<span class=\"_ _0\"></span>tment t<span class=\"_ _2b\"></span>o the quoted pr<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x45 h4f y918 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">may be considered.<span class=\"_ _2\"></span> Common valuation methodol<span class=\"_ _2\"></span>ogies for an</div>\n<div class=\"t m0 x45 h4f y919 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate s<span class=\"_ _0\"></span>wap inc<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>e a comp<span class=\"_ _2b\"></span>arison of the y<span class=\"_ _0\"></span>ield of t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x45 h4f y91a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">swap wit<span class=\"_ _0\"></span>h the cu<span class=\"_ _0\"></span>rrent sw<span class=\"_ _2b\"></span>ap yield curve.<span class=\"_ _0\"></span> The sw<span class=\"_ _0\"></span>ap yiel<span class=\"_ _0\"></span>d curve is<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x45 h4f y91b ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derived f<span class=\"_ _0\"></span>rom quote<span class=\"_ _0\"></span>d swap rates.<span class=\"_ _0\"></span> Dealer b<span class=\"_ _0\"></span>id and offe<span class=\"_ _0\"></span>r quotes are</div>\n<div class=\"t m0 x45 h4f y91c ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">generally avai<span class=\"_ _2\"></span>lable for basic interest ra<span class=\"_ _2\"></span>te swaps involving</div>\n<div class=\"t m0 x45 h4f y91d ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">counte<span class=\"_ _0\"></span>rparties <span class=\"_ _0\"></span>whose s<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>ies are i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">grade.</span> </span></div>\n<div class=\"t m0 x7 h4f y91e ffb6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">iii)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _c2\"> </span></span><span class=\"lse0 wsf0\">Fair values<span class=\"_ _0\"></span> for unquot<span class=\"_ _0\"></span>ed privat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>equit<span class=\"_ _2b\"></span>y investments ar<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>ed </span></div>\n<div class=\"t m0 x45 h4f y91f ffb6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">using<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">applicable mar<span class=\"_ _0\"></span>ket mult<span class=\"_ _0\"></span>iples (e.g<span class=\"_ _2b\"></span>. <span class=\"_ _2\"></span>pric<span class=\"_ _0\"></span>e/earni<span class=\"_ _2b\"></span>ngs or price/cash </span></span></div>\n<div class=\"t m0 x45 h4f y920 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flow ratios)<span class=\"_ _2\"></span>, refined to reflect the specific<span class=\"_ _2\"></span> circumstances of the</div>\n<div class=\"t m0 x45 h4f y921 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">issuer.<span class=\"ls0 ws0\"> L</span><span class=\"wsf0\">evel 3 val<span class=\"_ _2b\"></span>uations for privat<span class=\"_ _2b\"></span>e equities and vent<span class=\"_ _0\"></span>ure capit<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x45 h4f y922 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">make <span class=\"lsfb wsfa\">u<span class=\"_ _2\"></span>se<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">of </span></span><span class=\"lse0\">fair valu<span class=\"_ _0\"></span>es discl<span class=\"_ _0\"></span>osed in t<span class=\"_ _2b\"></span>he audited fin<span class=\"_ _0\"></span>ancia<span class=\"ls106 ws124\">l </span></span></span></div>\n<div class=\"t m0 x45 h4f y923 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nts of the relevant pa<span class=\"_ _0\"></span>rticip<span class=\"_ _0\"></span>ations. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y924 ffb6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">iv)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _46\"> </span></span><span class=\"lse0\">Fair values for bor<span class=\"_ _0\"></span>rowings a<span class=\"_ _0\"></span>nd issue<span class=\"_ _0\"></span>d subordi<span class=\"_ _0\"></span>nated loa<span class=\"_ _0\"></span>ns are </span></div>\n<div class=\"t m0 x45 h4f y925 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned using discount<span class=\"_ _2b\"></span>ed cash flow models<span class=\"_ _0\"></span> based upo<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x45 h4f y926 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas's <span class=\"lse0 wsfa\">current incre<span class=\"_ _0\"></span>mental<span class=\"_ _0\"></span> lending <span class=\"_ _0\"></span>rates fo<span class=\"_ _2b\"></span>r similar typ<span class=\"_ _0\"></span>e of </span></div>\n<div class=\"t m0 x45 h4f y927 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">borrowing. For<span class=\"_ _2\"></span> variable<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">rate loans<span class=\"_ _2b\"></span> that re<span class=\"ls0 ws0\">-</span>price fre<span class=\"_ _0\"></span>quentl<span class=\"_ _0\"></span>y and </span></span></div>\n<div class=\"t m0 x45 h4f y928 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have no <span class=\"lse2 ws103\">significant change in cred<span class=\"_ _2\"></span>it risk, fair values are<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x45 h4f y929 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">approxi<span class=\"_ _0\"></span>mated by<span class=\"_ _0\"></span> the car<span class=\"_ _2b\"></span>rying amount.<span class=\"_ _2b\"></span> Option<span class=\"ls0 ws0\">-</span><span class=\"lse2\">pricing <span class=\"_ _2\"></span>models are </span></div>\n<div class=\"t m0 x45 h4f y92a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">used for v<span class=\"_ _2b\"></span>aluing caps an<span class=\"_ _0\"></span>d prep<span class=\"_ _0\"></span>ayment op<span class=\"_ _2b\"></span>tions embedd<span class=\"_ _0\"></span>ed in loa<span class=\"_ _0\"></span>ns</div>\n<div class=\"t m0 x45 h4f y92b ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that hav<span class=\"_ _0\"></span>e been s<span class=\"_ _0\"></span>eparat<span class=\"_ _0\"></span>ed in acc<span class=\"_ _2b\"></span>ordance with I<span class=\"_ _0\"></span>FRS.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y92c ffb6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">v)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _a\"> </span></span><span class=\"lse0\">Fair values<span class=\"_ _0\"></span> for off<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">balance</span> s<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">heet commitments<span class=\"_ _2\"></span> or guarantees are<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x45 h4f yc12 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on fe<span class=\"_ _0\"></span>es current<span class=\"_ _2b\"></span>ly <span class=\"_ _2\"></span>ch<span class=\"_ _2b\"></span>arged to enter into si<span class=\"_ _0\"></span>milar agr<span class=\"_ _0\"></span>eements<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x237 h4f yc13 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">taking int<span class=\"_ _2b\"></span>o account the remain<span class=\"_ _0\"></span>ing terms<span class=\"_ _0\"></span> of the agre<span class=\"_ _0\"></span>ements an<span class=\"_ _0\"></span>d the</div>\n<div class=\"t m0 x237 h4f yc14 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counterpartie<span class=\"_ _2\"></span>s\u2019 credit standings<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc16 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Non exch<span class=\"_ _0\"></span>ange trad<span class=\"_ _0\"></span>ed financi<span class=\"_ _2b\"></span>al instruments are of<span class=\"_ _0\"></span>ten tra<span class=\"_ _0\"></span>ded in over<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">the</span>-</span></div>\n<div class=\"t m0 x1a h4f yc17 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counter (OT<span class=\"_ _2\"></span>C) markets by deale<span class=\"_ _2\"></span>rs or other in<span class=\"_ _2\"></span>termediaries from whom<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc18 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>ices can be o<span class=\"_ _0\"></span>btained.<span class=\"_ _0\"></span> Quotat<span class=\"_ _0\"></span>ions are av<span class=\"_ _0\"></span>ailable f<span class=\"_ _0\"></span>rom vario<span class=\"_ _2b\"></span>us</div>\n<div class=\"t m0 x1a h4f yc19 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">sources for<span class=\"_ _2\"></span> many financial i<span class=\"_ _2\"></span>nstruments traded r<span class=\"_ _2\"></span>egularly in the<span class=\"_ _2\"></span> OTC</div>\n<div class=\"t m0 x1a h4f yc1a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market. T<span class=\"_ _2b\"></span>hose sources i<span class=\"_ _0\"></span>nclude t<span class=\"_ _2b\"></span>he fi<span class=\"lse2\">nancial<span class=\"_ _2\"></span> press, various publ<span class=\"_ _2\"></span>ications </span></div>\n<div class=\"t m0 x1a h4f yc1b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and financial<span class=\"_ _2\"></span> reporting services, and also in<span class=\"_ _2\"></span>dividual market makers<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc1c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1d ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value m<span class=\"_ _0\"></span>ethodol<span class=\"_ _0\"></span>ogy app<span class=\"_ _0\"></span>lied for t<span class=\"_ _2b\"></span>he measurem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _0\"></span>nancial</div>\n<div class=\"t m0 x1a h4f yc1e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents, as d<span class=\"_ _0\"></span>escribe<span class=\"_ _0\"></span>d above, di<span class=\"_ _0\"></span>d not change as<span class=\"_ _0\"></span> a result<span class=\"_ _0\"></span> of the</div>\n<div class=\"t m0 x1a h4f yc1f ffb6 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"lse2\">19 pandem<span class=\"lse0\">ic. If appl<span class=\"_ _0\"></span>icable,<span class=\"_ _0\"></span> additi<span class=\"_ _0\"></span>onal unc<span class=\"_ _2b\"></span>ertainties rel<span class=\"_ _2b\"></span>ated to the </span></span></div>\n<div class=\"t m0 x1a h4f yc20 ffb6 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"lse0\">19 pan<span class=\"_ _0\"></span>demic h<span class=\"_ _2b\"></span>ave been incorp<span class=\"_ _2b\"></span>orated in the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue </span></div>\n<div class=\"t m0 x1a h4f yc21 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">  </div>\n<div class=\"t m0 x1a h4f yc23 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">More detai<span class=\"_ _2b\"></span>led information o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _2b\"></span>ion of these valuati<span class=\"_ _2b\"></span>on methods</div>\n<div class=\"t m0 x1a h4f yc24 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and assum<span class=\"_ _0\"></span>ptions is<span class=\"_ _0\"></span> included in t<span class=\"_ _0\"></span>he applic<span class=\"_ _0\"></span>able not<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">of these<span class=\"_ _2\"></span> Ageas </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Consoli<span class=\"_ _2b\"></span>dated Financial St<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 804px; height: 277px; width: 348px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 798px; width: 348px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h55 ybf0 ffb9 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Offsett<span class=\"_ _2b\"></span>ing of financial ass<span class=\"_ _2b\"></span>ets and liabiliti<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf1 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets and liabil<span class=\"_ _0\"></span>ities are of<span class=\"_ _0\"></span>fset resu<span class=\"_ _2b\"></span>lting in the net amou<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x1a h4f ybf2 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">being re<span class=\"_ _0\"></span>ported on the s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of financ<span class=\"_ _0\"></span>ial positi<span class=\"_ _2b\"></span>on if <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is a lega<span class=\"_ _0\"></span>lly</div>\n<div class=\"t m0 x1a h4f ybf3 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">enforc<span class=\"_ _0\"></span>eabl<span class=\"lse2 ws103\">e right to set off the recogn<span class=\"_ _2\"></span>ised amounts and there is an<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f ybf4 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">intenti<span class=\"_ _0\"></span>on to set<span class=\"_ _0\"></span>tle on a<span class=\"_ _0\"></span> net bas<span class=\"_ _0\"></span>is, or re<span class=\"_ _2b\"></span>alise the asset <span class=\"_ _0\"></span>and sett<span class=\"_ _2b\"></span>le the</div>\n<div class=\"t m0 x1a h4f ybf5 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liability<span class=\"_ _2\"></span> simultaneously.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 693px; height: 89px; width: 348px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yb46 ffb6 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Derivatives</span> <span class=\"lse0 wsf0\">a<span class=\"_ _0\"></span>nd financi<span class=\"_ _2b\"></span>al instruments us<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r hedging<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb47 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Derivat<span class=\"_ _0\"></span>ives are fi<span class=\"_ _0\"></span>nancial i<span class=\"_ _2b\"></span>nstruments s<span class=\"lse2 ws103\">uch as swaps, forward and future<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yb48 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s, and option<span class=\"_ _0\"></span>s (both w<span class=\"_ _2b\"></span>ritten and pu<span class=\"_ _0\"></span>rchased<span class=\"_ _0\"></span>). The v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>hese</div>\n<div class=\"t m0 x1a h4f yb49 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments changes in response<span class=\"_ _2\"></span> to changes in various</div>\n<div class=\"t m0 x1a h4f yb4a ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">underly<span class=\"_ _0\"></span>ing varia<span class=\"_ _0\"></span>bles. Der<span class=\"_ _0\"></span>ivatives<span class=\"_ _0\"></span> require l<span class=\"_ _0\"></span>ittle or no net<span class=\"_ _0\"></span> initial<span class=\"_ _0\"></span> investm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f yb4b ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are sett<span class=\"_ _0\"></span>led at a futu<span class=\"_ _0\"></span>re date. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb4d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All deriv<span class=\"_ _2b\"></span>atives are recogn<span class=\"_ _0\"></span>ised on the s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt of financi<span class=\"_ _2b\"></span>al position at</div>\n<div class=\"t m0 x1a h4f yb4e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e on the trade d<span class=\"_ _2b\"></span>ate. A distinction is<span class=\"_ _0\"></span> made betw<span class=\"_ _0\"></span>een:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4f ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse0 wsfa\">Derivatives h<span class=\"_ _2b\"></span>eld for tradin<span class=\"_ _0\"></span>g;<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb50 ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse2 ws103\">D<span class=\"_ _2\"></span>erivatives for hedging purp<span class=\"_ _2\"></span>oses.</span><span class=\"ffb6\"> </span></span></div>\n<div class=\"t m0 x1a h55 yc26 ffb9 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Embedded <span class=\"lse0 wsef\">derivatives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc27 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets or liabilit<span class=\"_ _2b\"></span>ies can include emb<span class=\"_ _0\"></span>edded der<span class=\"_ _2b\"></span>ivatives. Such</div>\n<div class=\"t m0 x1a h4f yc28 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments are often referred to a<span class=\"_ _2\"></span>s hybrid financial</div>\n<div class=\"t m0 x1a h4f yc29 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents. Hy<span class=\"_ _2b\"></span>brid financia<span class=\"_ _2b\"></span>l instruments i<span class=\"_ _0\"></span>nclude <span class=\"_ _0\"></span>revers<span class=\"_ _0\"></span>e convert<span class=\"_ _2b\"></span>ible</div>\n<div class=\"t m0 x1a h4f yc2a ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">bonds (bond<span class=\"_ _2\"></span>s whose repayment m<span class=\"_ _2\"></span>ay take t<span class=\"lse0 wsf0\">he form of eq<span class=\"_ _0\"></span>uities) or bo<span class=\"_ _2b\"></span>nds </span></div>\n<div class=\"t m0 x1a h4f yc2b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">with indexed int<span class=\"_ _2\"></span>erest payments. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc2d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e through p<span class=\"_ _2b\"></span>rofit or loss or if</div>\n<div class=\"t m0 x1a h4f yc2e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the char<span class=\"_ _0\"></span>acterist<span class=\"_ _2b\"></span>ics and risks of the em<span class=\"_ _0\"></span>bedded de<span class=\"_ _0\"></span>rivativ<span class=\"_ _2b\"></span>e are closely</div>\n<div class=\"t m0 x1a h4f yc2f ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">related<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">to t<span class=\"_ _2b\"></span>hose of the host<span class=\"_ _0\"></span> contra<span class=\"_ _0\"></span>ct, the <span class=\"_ _0\"></span>embe<span class=\"wsf0\">d<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>ative is not<span class=\"_ _0\"></span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc30 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ed, and the hybrid fin<span class=\"_ _0\"></span>ancial ins<span class=\"_ _2b\"></span>trument is measu<span class=\"_ _0\"></span>red as one</div>\n<div class=\"t m0 x1a h4f yc31 ffb6 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">instrument. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 367px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 372px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 298px; height: 808px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> not measur<span class=\"_ _2b\"></span>ed at fair value throu<span class=\"_ _0\"></span>gh profit or lo<span class=\"_ _0\"></span>ss</div>\n<div class=\"t m0 x7 h4f y803 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the c<span class=\"_ _2b\"></span>haracteristic<span class=\"_ _0\"></span>s and ris<span class=\"_ _0\"></span>ks of t<span class=\"_ _0\"></span>he embed<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">de<span class=\"_ _2\"></span>d derivative are not </span></div>\n<div class=\"t m0 x7 h4f y804 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">closely r<span class=\"_ _0\"></span>elated to tho<span class=\"_ _2b\"></span>se of the host contract<span class=\"_ _0\"></span>, the emb<span class=\"_ _0\"></span>edded deriv<span class=\"_ _2b\"></span>ative</div>\n<div class=\"t m0 x7 h4f y805 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">should be separa<span class=\"_ _2\"></span>ted from the host contract<span class=\"_ _2\"></span> and measured at fair value</div>\n<div class=\"t m0 x7 h4f y806 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a stand<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">alo<span class=\"_ _0\"></span>ne deriv<span class=\"_ _0\"></span>ative. C<span class=\"_ _2b\"></span>hanges in the f<span class=\"_ _2b\"></span>air value are rec<span class=\"_ _2b\"></span>orded in </span></div>\n<div class=\"t m0 x7 h4f y807 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span>The <span class=\"_ _0\"></span>host co<span class=\"_ _0\"></span>ntract <span class=\"_ _0\"></span>is accou<span class=\"_ _0\"></span>nted fo<span class=\"_ _0\"></span>r and meas<span class=\"_ _2b\"></span>ured</div>\n<div class=\"t m0 x7 h4f y808 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g the rul<span class=\"_ _0\"></span>es of the <span class=\"_ _2b\"></span>relevant cate<span class=\"_ _0\"></span>gory of t<span class=\"_ _0\"></span>he finan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>trumen<span class=\"_ _0\"></span>t.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Embedded der<span class=\"_ _2\"></span>ivatives requiring <span class=\"_ _2\"></span>separation are repo<span class=\"_ _2\"></span>rted as hedging</div>\n<div class=\"t m0 x7 h4f y80b ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ives or deri<span class=\"_ _2b\"></span>vatives held for tr<span class=\"_ _0\"></span>ading as <span class=\"lse2 wsf1\">appropriate.<span class=\"ls0 ws0\"> </span></span></div>\n\n<div class=\"t m0 x7 h55 y8ce ffbd fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Hedging<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y882 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On the date Ag<span class=\"_ _2b\"></span>eas enters into a der<span class=\"_ _0\"></span>ivative c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">and decide<span class=\"_ _2\"></span>s to </span></span></div>\n<div class=\"t m0 x7 h4f y883 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">designat<span class=\"_ _2b\"></span>e the contract<span class=\"_ _0\"></span> for he<span class=\"_ _0\"></span>dging pu<span class=\"_ _0\"></span>rposes<span class=\"_ _0\"></span><span class=\"lse2 ws103\">, this contract is<span class=\"_ _2\"></span> designated </span></div>\n<div class=\"t m0 x7 h4f y884 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as either:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y885 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A fair value he<span class=\"_ _0\"></span>dge: a <span class=\"_ _0\"></span>hedge of t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of a reco<span class=\"_ _2b\"></span>gnised asset </span></span></div>\n<div class=\"t m0 x43 h4f y886 ffbb fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">or liab<span class=\"_ _2\"></span>ility;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb ls107 ws122\">A <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hed<span class=\"_ _0\"></span>ge of a net inves<span class=\"_ _0\"></span>tment i<span class=\"_ _0\"></span>n a foreign enti<span class=\"_ _2b\"></span>ty<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y8d0 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A cash flow he<span class=\"_ _0\"></span>dge: a he<span class=\"_ _0\"></span>dge of fut<span class=\"_ _2b\"></span>ure cash flows<span class=\"_ _0\"></span> attribut<span class=\"_ _2b\"></span>able to a </span></span></div>\n<div class=\"t m0 x43 h4f y8d1 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised a<span class=\"_ _2\"></span>sset or liability<span class=\"_ _2\"></span> or a <span class=\"ws103\">highly probable<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">for<span class=\"_ _0\"></span>ecast </span></span></div>\n<div class=\"t m0 x43 h4f y8d2 ffbb fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d3 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb28 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Hedges of firm<span class=\"_ _2\"></span> commitments are fair value hedge<span class=\"_ _2\"></span>s, except for hedge<span class=\"lsf4 ws114\">s of </span></div>\n<div class=\"t m0 x7 h4f yb29 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the for<span class=\"_ _0\"></span>eign exc<span class=\"_ _2b\"></span>hange risk of a f<span class=\"_ _0\"></span>irm comm<span class=\"_ _2b\"></span>itment, which<span class=\"_ _0\"></span> are acco<span class=\"_ _0\"></span>unted f<span class=\"_ _0\"></span>or</div>\n<div class=\"t m0 x7 h4f yb2a ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">as cash flow hedge<span class=\"_ _2\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2b ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the cont<span class=\"_ _0\"></span>ext of hedge acc<span class=\"_ _2b\"></span>ounting, the fol<span class=\"_ _0\"></span>lowing doc<span class=\"_ _2b\"></span>umentation is</div>\n<div class=\"t m0 x7 h4f yb2d ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">prepared:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y962 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">At the start of the trans<span class=\"_ _0\"></span>action, t<span class=\"_ _0\"></span>he relat<span class=\"_ _0\"></span>ionship b<span class=\"_ _2b\"></span>etween <span class=\"wsef\">the <span class=\"lse2 wsf1\">hedging </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y963 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> and hedged items,<span class=\"_ _2\"></span> as well as its<span class=\"_ _2\"></span> risk management</div>\n<div class=\"t m0 x43 h4f y964 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">objective and s<span class=\"_ _2\"></span>trategy for undertaking va<span class=\"_ _2\"></span>rious hedge transactions,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x43 h4f y965 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are docum<span class=\"_ _0\"></span>ented<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x7 h4f y966 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">Both at the start of the<span class=\"_ _0\"></span> hedge and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, the </span></span></div>\n<div class=\"t m0 x43 h4f y967 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assessm<span class=\"_ _2b\"></span>ent of whether t<span class=\"_ _2b\"></span>he derivatives<span class=\"_ _2b\"></span> that are used <span class=\"_ _0\"></span><span class=\"lse2\">in hedging<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x43 h4f y968 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions are high<span class=\"_ _0\"></span>ly effect<span class=\"_ _2b\"></span>ive in offsett<span class=\"_ _2b\"></span>ing changes in <span class=\"_ _0\"></span>fair valu<span class=\"_ _2b\"></span>es</div>\n<div class=\"t m0 x43 h4f y969 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or cash <span class=\"_ _2\"></span>flows of hedged i<span class=\"_ _2\"></span>tems is documented.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Assets, liabil<span class=\"_ _2\"></span>ities, firm commitments or high<span class=\"_ _2\"></span>ly probable forecast</div>\n<div class=\"t m0 x7 h4f y96c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions that involve a p<span class=\"_ _0\"></span>arty exter<span class=\"_ _2b\"></span>nal to Ageas are desig<span class=\"_ _2b\"></span>nated as</div>\n<div class=\"t m0 x7 h4f y96d ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">hedged it<span class=\"_ _2b\"></span>ems. A hedged i<span class=\"_ _0\"></span>tem can <span class=\"_ _2b\"></span>also be a part<span class=\"_ _0\"></span>icular r<span class=\"_ _0\"></span>isk that i<span class=\"_ _2b\"></span>s a</div>\n<div class=\"t m0 x7 h4f y96e ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">portion of<span class=\"_ _0\"></span> the total ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e hedged i<span class=\"_ _0\"></span>tem. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96f ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y970 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"lse2 wsf1\">hange</span>s<span class=\"_ _2\"></span> <span class=\"ls102 ws11d\">in <span class=\"lse2 wsf1\">the <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fai<span class=\"_ _0\"></span>r value of a hedg<span class=\"_ _2b\"></span>ed item that is attri<span class=\"_ _0\"></span>butabl<span class=\"_ _0\"></span>e to the </span></span></span></div>\n<div class=\"t m0 x7 h4f y971 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged ris<span class=\"_ _2\"></span>k and <span class=\"ls0 ws0\">c</span><span class=\"wsf1\">hange<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span></span><span class=\"lse0\">in the f<span class=\"_ _2b\"></span>air value of the <span class=\"_ _2b\"></span>hedging inst<span class=\"_ _0\"></span><span class=\"wsf0\">rument in a </span></span></div>\n<div class=\"t m0 x7 h4f y972 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">fair value hedge<span class=\"_ _2\"></span> are recognised in the income s<span class=\"_ _2\"></span>tatement. The change in</div>\n<div class=\"t m0 x7 h4f y973 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"lse0 wsf0\">fair value of int<span class=\"_ _2b\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">bearing<span class=\"_ _2\"></span> derivative instrum<span class=\"_ _2\"></span>ents is presented </span></span></span></div>\n<div class=\"t m0 x7 h4f y974 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ely <span class=\"_ _2\"></span>fr<span class=\"_ _2b\"></span>om interest accr<span class=\"_ _0\"></span>uals. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y976 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If the he<span class=\"_ _2b\"></span>dge no longer m<span class=\"_ _0\"></span>eets th<span class=\"_ _0\"></span>e crite<span class=\"_ _0\"></span>ria for h<span class=\"_ _0\"></span>edge acc<span class=\"_ _0\"></span>ounting,<span class=\"_ _2b\"></span> o<span class=\"ls102 ws129\">r is<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9da ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">otherwise di<span class=\"_ _2\"></span>scontinued, the adjustment to<span class=\"_ _2\"></span> the carrying amount of a</div>\n<div class=\"t m0 x7 h4f y9db ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged intere<span class=\"_ _2\"></span>st<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">bearing f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al instrum<span class=\"_ _0\"></span>ent that res<span class=\"_ _2b\"></span>ults from hedge </span></span></div>\n<div class=\"t m0 x7 h4f y9dc ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing is am<span class=\"_ _0\"></span>ortis<span class=\"_ _0\"></span>ed using t<span class=\"_ _2b\"></span>he new effectiv<span class=\"_ _2b\"></span>e interest rate c<span class=\"_ _2b\"></span>alculated</div>\n<div class=\"t m0 x7 h4f y9dd ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the hedg<span class=\"_ _0\"></span>e disconti<span class=\"_ _2b\"></span>nuance date.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc13 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Changes<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in the fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es that are de<span class=\"_ _0\"></span>signat<span class=\"_ _0\"></span>ed and qualif<span class=\"_ _0\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yc14 ffbb fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">as cash<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">flow hedges a<span class=\"_ _2\"></span>re recognised in <span class=\"_ _2\"></span><span class=\"ws103\">other comprehensive in<span class=\"_ _2\"></span>come</span></span> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">under the caption<span class=\"_ _2\"></span> \u2018Unrealised gains and<span class=\"_ _2\"></span> losses\u2019. The amount in <span class=\"lse0 wsef\">other </span></div>\n<div class=\"t m0 x1a h4f yc16 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">comprehensive in<span class=\"_ _2\"></span>come<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">is recl<span class=\"_ _0\"></span>assifie<span class=\"_ _0\"></span>d to the <span class=\"_ _0\"></span>income st<span class=\"_ _2b\"></span>ate<span class=\"wsf0\">ment when the </span></span></span></div>\n<div class=\"t m0 x1a h4f yc17 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedged it<span class=\"_ _0\"></span>em affect<span class=\"_ _0\"></span>s the incom<span class=\"_ _0\"></span>e stateme<span class=\"_ _0\"></span>nt. Any hed<span class=\"_ _0\"></span>ge ineffect<span class=\"_ _2b\"></span>iveness is</div>\n<div class=\"t m0 x1a h4f yc18 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">immediately rec<span class=\"_ _2\"></span>ognised in the income statement<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>hedge <span class=\"_ _0\"></span>of a forec<span class=\"_ _2b\"></span>ast transact<span class=\"_ _0\"></span>ion or fi<span class=\"_ _2b\"></span>rm commitment <span class=\"_ _2b\"></span>results in</div>\n<div class=\"t m0 x1a h4f yc1b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the recognition<span class=\"_ _2\"></span> of a non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">financial <span class=\"_ _2\"></span>asset or of a n<span class=\"_ _2\"></span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-</span></span></span>financial liabi<span class=\"_ _2\"></span>lity, the</div>\n<div class=\"t m0 x1a h4f yc1c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses pre<span class=\"_ _0\"></span>viousl<span class=\"_ _0\"></span>y deferre<span class=\"_ _0\"></span>d in <span class=\"lse2 ws103\">other comprehens<span class=\"_ _2\"></span>ive income<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x1a h4f yc1d ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transferred fr<span class=\"_ _2\"></span>om other comprehensive income<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>and are included in the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1e ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial measurem<span class=\"_ _2\"></span>ent of that non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">financial ass<span class=\"_ _2b\"></span>et or liability. Ot<span class=\"_ _0\"></span>herwise,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc1f ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts deferred<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">in </span></span>other compr<span class=\"_ _2\"></span>ehensive income<span class=\"ls0 ws0\"> </span>ar<span class=\"_ _2\"></span>e transferred to the</div>\n<div class=\"t m0 x1a h4f yc20 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement and <span class=\"wsef\">are </span>class<span class=\"_ _0\"></span>ified as pr<span class=\"_ _0\"></span>ofit or loss<span class=\"_ _0\"></span> in the perio<span class=\"_ _0\"></span>ds</div>\n<div class=\"t m0 x1a h4f yc21 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">during wh<span class=\"_ _0\"></span>ich the hedg<span class=\"_ _2b\"></span>ed firm commitme<span class=\"_ _0\"></span>nt or forec<span class=\"_ _0\"></span>ast transa<span class=\"_ _2b\"></span>ction affects</div>\n<div class=\"t m0 x1a h4f yc22 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc23 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc24 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The above als<span class=\"_ _2b\"></span>o applies if the hed<span class=\"_ _0\"></span>ge no<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">longer meets the cr<span class=\"_ _2\"></span>iteria for </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedge acc<span class=\"_ _2b\"></span>ounting, or is other<span class=\"_ _0\"></span>wise disc<span class=\"_ _2b\"></span>ontinued, but the h<span class=\"_ _2b\"></span>edged forecast</div>\n<div class=\"t m0 x1a h4f yc34 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion or firm co<span class=\"_ _0\"></span>mmitme<span class=\"_ _0\"></span>nt are st<span class=\"_ _2b\"></span>ill expected t<span class=\"_ _0\"></span>o occur.<span class=\"_ _0\"></span> If the h<span class=\"_ _0\"></span>edged</div>\n<div class=\"t m0 x1a h4f yc35 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">forecast trans<span class=\"_ _2\"></span>action or firm commitment are<span class=\"_ _2\"></span> no longer expected to</div>\n<div class=\"t m0 x1a h4f yc36 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occur, th<span class=\"_ _0\"></span>e am<span class=\"lse2 wsfa\">ounts deferred<span class=\"_ _2\"></span> in </span>other com<span class=\"_ _2b\"></span>prehensive inc<span class=\"_ _0\"></span>ome<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are <span class=\"lse2 wsf1\">directly </span></span></div>\n<div class=\"t m0 x1a h4f yc37 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transfe<span class=\"_ _0\"></span>rred to t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 346px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 646px; width: 352px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 335px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 824px; width: 352px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 340px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 829px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y9de ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div id=\"fs_WIILL92SOG00000000000000000000\">\n<div class=\"t m0 x1a h4f ybf4 ffbb fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.3<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"ls102 ws11d\">Sa<span class=\"_ _2\"></span>le</span> <span class=\"lse2 wsfa\">and repurchase<span class=\"_ _2\"></span> agreements and l<span class=\"_ _2\"></span>ending / borrowing<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1e6 h4f ybf5 ffbb fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">securities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf6 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies subjec<span class=\"_ _0\"></span>t to a commit<span class=\"_ _2b\"></span>ment to repurchas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>em (\u2018repo\u2019<span class=\"_ _0\"></span>) are not</div>\n<div class=\"t m0 x1a h4f ybf7 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised fr<span class=\"_ _0\"></span>om the state<span class=\"_ _0\"></span>ment of fina<span class=\"_ _2b\"></span>ncial position as su<span class=\"_ _2b\"></span>bstantially all</div>\n<div class=\"t m0 x1a h4f ybf8 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the risk and r<span class=\"_ _0\"></span>ewards of ow<span class=\"_ _2b\"></span>nership remain w<span class=\"_ _0\"></span>ithin Age<span class=\"_ _0\"></span>as. The pr<span class=\"_ _0\"></span>oceeds</div>\n<div class=\"t m0 x1a h4f ybf9 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">received f<span class=\"_ _2\"></span>rom such sales are <span class=\"_ _2\"></span>neutralised by re<span class=\"_ _2\"></span>cognising a</div>\n<div class=\"t m0 x1a h4f ybfa ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">corresponding<span class=\"_ _2\"></span> financial liability, cla<span class=\"_ _2\"></span>ssified under \u2018Bo<span class=\"wsf1\">rrowings\u2019<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ybfb ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfc ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies purch<span class=\"_ _0\"></span>ased unde<span class=\"_ _0\"></span>r agreem<span class=\"_ _0\"></span>ents to rese<span class=\"_ _2b\"></span>ll (\u2018reverse repos<span class=\"_ _2b\"></span>\u2019) are</div>\n<div class=\"t m0 x1a h4f ybfd ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d on the st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> of finan<span class=\"_ _2b\"></span>cial position.<span class=\"_ _0\"></span> The ri<span class=\"_ _0\"></span>ght to</div>\n<div class=\"t m0 x1a h4f ybfe ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">receive cash from<span class=\"_ _2\"></span> a counterparty is recorded<span class=\"_ _2\"></span> under \u2018Loans\u2019. The</div>\n<div class=\"t m0 x1a h4f ybff ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">difference bet<span class=\"_ _2\"></span>ween the sale and repurchase pri<span class=\"_ _2\"></span>ce is tr<span class=\"lse0 wsf0\">eated as i<span class=\"_ _2b\"></span>nterest </span></div>\n<div class=\"t m0 x1a h4f yc00 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and accru<span class=\"_ _2b\"></span>ed over the life of the ag<span class=\"_ _0\"></span>reements us<span class=\"_ _2b\"></span>ing the effectiv<span class=\"_ _0\"></span>e interest<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc01 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">method. <span class=\"ls0 ws0\"> </span></div>\n</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 349px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yc02 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc03 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies lent t<span class=\"_ _2b\"></span>o counterpart<span class=\"_ _0\"></span>ies rem<span class=\"_ _0\"></span>ain on t<span class=\"_ _0\"></span>he state<span class=\"_ _2b\"></span>ment of financi<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x1a h4f yc04 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">position. Si<span class=\"_ _2\"></span>milarly, securities <span class=\"_ _2\"></span>borrowed are no<span class=\"_ _2\"></span>t recognised on <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f yc05 ffbb fs3a fc14 sc0 lsf4 ws114\" style=\"z-index: 15;\">statement of fina<span class=\"lse2 ws103\">ncial po<span class=\"_ _2\"></span>sition. If borrowed securities are sold to third </span></div>\n<div class=\"t m0 x1a h4f yc06 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">parties, the proceeds from the sale and a liability for the obligation to</div>\n<div class=\"t m0 x1a h4f yc07 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">return the collateral are recorded. The obligation to return the collateral<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc08 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is measured at fair value through profit or loss. Cash advanced or<span class=\"ls0 ws0\"><span class=\"lse2 wsfa\"><span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc09 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">received related to securities borrowing or lending transactions is</div>\n<div class=\"t m0 x1a h4f yc0a ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recorded under \u2018Loans\u2019 or under \u2018Borrowings\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 356px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 356px; width: 349px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h4f yb5b ffbb fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.4<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsf0\">Cash and cash equiv<span class=\"_ _2b\"></span>alents <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb5c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Cash and ca<span class=\"_ _0\"></span>sh equiva<span class=\"_ _2b\"></span>lents comprise<span class=\"_ _0\"></span> cash on hand, f<span class=\"_ _0\"></span>reely ava<span class=\"_ _0\"></span>ilable</div>\n<div class=\"t m0 x1a h4f yc38 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">balances with<span class=\"_ _2\"></span> (central) b<span class=\"lse0 wsfa\">anks a<span class=\"_ _0\"></span>nd other f<span class=\"_ _2b\"></span>inancial instr<span class=\"_ _2b\"></span>uments with l<span class=\"_ _0\"></span>ess </span></div>\n<div class=\"t m0 x1a h4f yc39 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">than thre<span class=\"_ _0\"></span>e months mat<span class=\"_ _2b\"></span>urity from the date<span class=\"_ _0\"></span> of acquisit<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 284px; height: 57px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 251px; height: 855px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y89b ffd4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.8 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Loan<span class=\"_ _2\"></span>s</span> </span></div>\n<div class=\"t m0 x7 h4f y89c ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans to ba<span class=\"_ _0\"></span>nks<span class=\"wsfa\">, lo<span class=\"_ _0\"></span>ans to gov<span class=\"_ _2b\"></span>ernments and l<span class=\"_ _0\"></span>oans to c<span class=\"_ _0\"></span>ustome<span class=\"_ _0\"></span>rs incl<span class=\"_ _0\"></span>ude </span></div>\n<div class=\"t m0 x7 h4f y89d ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">loans originat<span class=\"_ _2\"></span>ed by Ageas by providing money<span class=\"_ _2\"></span> directly to the borrower or<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y89e ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to a sub<span class=\"ls0 ws0\">-</span>partici<span class=\"_ _2b\"></span>pation agent. Tho<span class=\"_ _0\"></span>se loans<span class=\"_ _0\"></span> are measur<span class=\"_ _0\"></span>ed at amort<span class=\"_ _0\"></span>ised</div>\n<div class=\"t m0 x7 h4f y89f ffd4 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">cost. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a0 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a1 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Debt sec<span class=\"_ _2b\"></span>urities acquir<span class=\"_ _2b\"></span>ed on the primar<span class=\"_ _2b\"></span>y market direct<span class=\"_ _2b\"></span>ly from the iss<span class=\"_ _2b\"></span>uer</div>\n<div class=\"t m0 x7 h4f y8a2 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are reco<span class=\"_ _0\"></span>rded as <span class=\"_ _0\"></span>loans, p<span class=\"_ _2b\"></span>rovided ther<span class=\"_ _0\"></span>e is no act<span class=\"_ _2b\"></span>ive market for t<span class=\"_ _2b\"></span>hose</div>\n<div class=\"t m0 x7 h4f y8a3 ffd4 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">securities. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2e ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2f ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans th<span class=\"_ _0\"></span>at are orig<span class=\"_ _0\"></span>inated or pu<span class=\"_ _0\"></span>rchase<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h the intent t<span class=\"_ _0\"></span>o be sold or</div>\n<div class=\"t m0 x7 h4f yb30 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ised in t<span class=\"_ _0\"></span>he short<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">term are classified as<span class=\"_ _2\"></span> assets held for trading.<span class=\"_ _2\"></span> </span> </span></div>\n<div class=\"t m0 x1a h4f y977 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Loans that <span class=\"lse0 wsf0\">are designat<span class=\"_ _0\"></span>ed as held at fai<span class=\"_ _0\"></span>r value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss or </span></div>\n<div class=\"t m0 x1a h4f y978 ffd4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-<span class=\"lse0 wsf0\">sale are classi<span class=\"_ _0\"></span>fied as suc<span class=\"_ _0\"></span>h <span class=\"lse2 wsf1\">on <span class=\"ls106 ws10c\">initial recognit<span class=\"_ _2b\"></span>ion. <span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y979 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y97a ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Loan com<span class=\"_ _0\"></span>mitme<span class=\"_ _0\"></span>nts that<span class=\"_ _0\"></span> allow fo<span class=\"_ _2b\"></span>r a drawdown of <span class=\"_ _2b\"></span>a loan within t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y97b ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">timefra<span class=\"_ _0\"></span>me gene<span class=\"_ _0\"></span>rally est<span class=\"_ _2b\"></span>ablished by r<span class=\"_ _0\"></span>egulati<span class=\"_ _2b\"></span>on or convent<span class=\"_ _0\"></span>ion in th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y97c ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market<span class=\"_ _0\"></span>place ar<span class=\"_ _0\"></span>e not rec<span class=\"_ _0\"></span>ognise<span class=\"_ _2b\"></span>d in the statem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _2b\"></span>nancial posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97d ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb32 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Increm<span class=\"_ _0\"></span>ental cos<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>urred an<span class=\"_ _2b\"></span>d loan originati<span class=\"_ _2b\"></span>on fees earn<span class=\"_ _0\"></span>ed in sec<span class=\"_ _0\"></span>uring</div>\n<div class=\"t m0 x1a h4f yb33 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">a loan are def<span class=\"_ _0\"></span>erred<span class=\"_ _0\"></span> and amortise<span class=\"_ _2b\"></span>d over the life of the loa<span class=\"_ _0\"></span>n, as an</div>\n<div class=\"t m0 x1a h4f yb34 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ment to t<span class=\"_ _0\"></span>he yiel<span class=\"_ _2b\"></span>d.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 y981 ffd6 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments on<span class=\"_ _2\"></span> <span class=\"wsf1\">loans<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y982 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A credit risk for<span class=\"_ _2\"></span> a specific loan impairment<span class=\"_ _2\"></span> is established if there is</div>\n<div class=\"t m0 x1a h4f y983 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve evidenc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>tha<span class=\"_ _0\"></span>t Ageas wil<span class=\"_ _0\"></span>l not be able to col<span class=\"_ _0\"></span>lect all am<span class=\"_ _0\"></span>ounts du<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y984 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in accor<span class=\"_ _2b\"></span>dance with th<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>tual ter<span class=\"_ _2b\"></span>ms. The amount <span class=\"_ _0\"></span>of the i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f y9c2 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is the di<span class=\"_ _2\"></span>fference <span class=\"ws103\">between the<span class=\"_ _2\"></span> carrying amount and the recoverabl<span class=\"_ _2\"></span>e </span></div>\n<div class=\"t m0 x1a h4f y9c3 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount,<span class=\"_ _0\"></span> being t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of ex<span class=\"_ _0\"></span>pected c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws or, a<span class=\"_ _0\"></span>lternativ<span class=\"_ _2b\"></span>ely,</div>\n<div class=\"t m0 x1a h4f y9c4 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the collateral<span class=\"_ _2\"></span> value less costs to sell if the<span class=\"_ _2\"></span> loan is secured.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c5 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c6 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An \u2018incurred bu<span class=\"_ _2\"></span>t not reported\u2019 (IBNR) impai<span class=\"_ _2\"></span>rment on loans is recorded<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">when there is<span class=\"_ _2\"></span> objective evidence<span class=\"ls0 ws0\"> </span>tha<span class=\"_ _2\"></span>t incurred losses are present<span class=\"_ _2\"></span> in</div>\n<div class=\"t m0 x1a h4f ycb9 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compone<span class=\"_ _0\"></span>nts of the lo<span class=\"_ _0\"></span>an portf<span class=\"_ _0\"></span>olio, with<span class=\"_ _0\"></span>out havin<span class=\"_ _0\"></span>g specific<span class=\"_ _2b\"></span>ally identified</div>\n<div class=\"t m0 x1a h4f ycba ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impaire<span class=\"_ _0\"></span>d loans. Th<span class=\"_ _0\"></span>is impair<span class=\"_ _2b\"></span>ment is estimated b<span class=\"_ _0\"></span>ased upon<span class=\"_ _0\"></span> historica<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x1a h4f ycbb ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">patter<span class=\"_ _0\"></span>ns of loss<span class=\"_ _2b\"></span>es in each comp<span class=\"_ _0\"></span>onent,<span class=\"_ _0\"></span> reflecti<span class=\"_ _0\"></span>ng the c<span class=\"_ _0\"></span>urrent<span class=\"_ _0\"></span> econom<span class=\"_ _0\"></span>ic</div>\n<div class=\"t m0 x1a h4f ycbc ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">climate <span class=\"_ _0\"></span>in which t<span class=\"_ _2b\"></span>he borrowers <span class=\"_ _0\"></span>operat<span class=\"_ _0\"></span>e and tak<span class=\"_ _0\"></span>ing int<span class=\"_ _0\"></span>o accou<span class=\"_ _0\"></span>nt the ri<span class=\"_ _0\"></span>sk</div>\n<div class=\"t m0 x1a h4f ycbd ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of diffic<span class=\"_ _0\"></span>ulties in se<span class=\"_ _2b\"></span>rvicing extern<span class=\"_ _0\"></span>al debt in so<span class=\"_ _0\"></span>me foreig<span class=\"_ _0\"></span>n countri<span class=\"_ _0\"></span>es based</div>\n<div class=\"t m0 x1a h4f ycbe ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on an assess<span class=\"_ _2b\"></span>ment of the politica<span class=\"_ _0\"></span>l and econo<span class=\"_ _0\"></span>mic situ<span class=\"_ _0\"></span>ation.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbf ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc0 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments are<span class=\"_ _2\"></span> recorded a<span class=\"lse0 wsfa\">s a decr<span class=\"_ _2b\"></span>ease in the car<span class=\"_ _0\"></span>rying v<span class=\"_ _0\"></span>alue of \u2018<span class=\"_ _0\"></span>loans </span></div>\n<div class=\"t m0 x1a h4f ycc1 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to banks\u2019 an<span class=\"_ _0\"></span>d \u2018loans to cus<span class=\"_ _0\"></span>tomers<span class=\"_ _2b\"></span>\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc2 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc3 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Impairm<span class=\"_ _2b\"></span>ents on loan com<span class=\"_ _2b\"></span>mitments rec<span class=\"_ _0\"></span>orded off t<span class=\"_ _2b\"></span>he statement<span class=\"_ _0\"></span> of</div>\n<div class=\"t m0 x1a h4f ycc4 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">financial p<span class=\"_ _2\"></span>osition are classi<span class=\"_ _2\"></span>fied under \u2018provision<span class=\"_ _2\"></span>s\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc5 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc6 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When a spec<span class=\"_ _0\"></span>ific loan is i<span class=\"_ _0\"></span>dentifi<span class=\"_ _0\"></span>ed as uncol<span class=\"_ _0\"></span>lectibl<span class=\"_ _2b\"></span>e and a<span class=\"lse2 wsfa\">ll <span class=\"_ _2\"></span>legal and </span></div>\n<div class=\"t m0 x1a h4f ycc7 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">proced<span class=\"_ _0\"></span>ural acti<span class=\"_ _0\"></span>ons have be<span class=\"_ _0\"></span>en exhaus<span class=\"_ _0\"></span>ted, the lo<span class=\"_ _0\"></span>an is writt<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">off agains<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f ycc8 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the related charg<span class=\"_ _2\"></span>e for impairment; subsequen<span class=\"_ _2\"></span>t recoveries are credited to<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f ycc9 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">change i<span class=\"_ _0\"></span>n impai<span class=\"_ _0\"></span>rment in t<span class=\"_ _2b\"></span>he income stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 425px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 603px; width: 354px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 193px; width: 354px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag383": {
   "value": "\n<div class=\"t m0 x7 h55 ybb3 ffa6 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Measure<span class=\"_ _0\"></span>ment of fi<span class=\"_ _0\"></span>nancial ass<span class=\"_ _2b\"></span>ets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ybb4 ffa4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"lse0 wsf0\">maturit<span class=\"_ _0\"></span>y invest<span class=\"_ _0\"></span>ments ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d at amortis<span class=\"_ _2b\"></span>ed cost less any </span></span></div>\n<div class=\"t m0 x7 h4f ybb5 ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">allowan<span class=\"_ _0\"></span>ces <span class=\"wsfa\">for im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt. Any <span class=\"_ _0\"></span>differen<span class=\"_ _2b\"></span>ce with the fai<span class=\"_ _2b\"></span>r value at initi<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x1a h4f ybb6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, resulting fr<span class=\"_ _2b\"></span>om transaction c<span class=\"_ _0\"></span>osts, init<span class=\"_ _0\"></span>ial premi<span class=\"_ _2b\"></span>ums or</div>\n<div class=\"t m0 x1a h4f ybb7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _0\"></span>s, is amo<span class=\"_ _0\"></span>rtised ov<span class=\"_ _0\"></span>er the life of<span class=\"_ _0\"></span> the invest<span class=\"_ _0\"></span>ment usi<span class=\"_ _0\"></span>ng the effec<span class=\"_ _0\"></span>tive</div>\n<div class=\"t m0 x1a h4f ybb8 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t metho<span class=\"_ _0\"></span>d. If a he<span class=\"_ _0\"></span>ld<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>mat<span class=\"_ _2b\"></span>urity asset is d<span class=\"_ _0\"></span>etermi<span class=\"_ _0\"></span>ned to b<span class=\"_ _0\"></span>e impaire<span class=\"_ _2b\"></span>d,</div>\n<div class=\"t m0 x1a h4f ybb9 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the allo<span class=\"_ _2b\"></span>wance for impa<span class=\"_ _0\"></span>irment <span class=\"_ _0\"></span>is recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _2b\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 766px; height: 58px; width: 352px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 246px; height: 42px; width: 342px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHeldtomaturityInvestmentsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag408": {
   "value": "\n<div class=\"t m0 x1a h4f ybbb ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Loans and r<span class=\"_ _0\"></span>eceivabl<span class=\"_ _2b\"></span>es are measured at am<span class=\"_ _0\"></span>ortised c<span class=\"_ _0\"></span>ost less any<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ybbc ffa4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">allowances for<span class=\"_ _2\"></span> impairment. At initial reco<span class=\"_ _2\"></span>gnition, loans and receiv<span class=\"_ _2\"></span>ables</div>\n<div class=\"t m0 x1a h4f ybbd ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are measu<span class=\"_ _0\"></span>red at fair va<span class=\"_ _2b\"></span>lue i<span class=\"lse2 ws103\">ncluding<span class=\"_ _2\"></span> transaction costs and ini<span class=\"_ _2\"></span>tial </span></div>\n<div class=\"t m0 x1a h4f ybbe ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms or disco<span class=\"_ _0\"></span>unts. Amo<span class=\"_ _2b\"></span>rtised cost is calc<span class=\"_ _0\"></span>ulated us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _0\"></span>ective</div>\n<div class=\"t m0 x1a h4f ybbf ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate m<span class=\"_ _0\"></span>ethod (<span class=\"_ _0\"></span>EIR), ta<span class=\"_ _2b\"></span>king into acc<span class=\"_ _0\"></span>ount any <span class=\"_ _0\"></span>disco<span class=\"_ _0\"></span>unt or pr<span class=\"_ _0\"></span>emium</div>\n<div class=\"t m0 x1a h4f ybc0 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on acquisi<span class=\"_ _0\"></span>tion and fee<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>or cost<span class=\"_ _0\"></span>s that are an in<span class=\"_ _0\"></span>tegral pa<span class=\"_ _0\"></span>rt of the EIR.<span class=\"_ _0\"></span> The<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybc1 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EIR amo<span class=\"_ _0\"></span>rtisati<span class=\"_ _0\"></span>on is reco<span class=\"_ _2b\"></span>gnised in the i<span class=\"_ _0\"></span>ncome st<span class=\"_ _2b\"></span>atement. Gains<span class=\"_ _0\"></span> and</div>\n<div class=\"t m0 x1a h4f ybc2 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">losses a<span class=\"_ _0\"></span>re reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> when th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ments</div>\n<div class=\"t m0 x1a h4f ybc3 ffa4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">are <span class=\"lse2 wsf1\">de<span class=\"wsfa\">recognised o<span class=\"_ _2\"></span>r impaired. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 609px; height: 136px; width: 352px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag397": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f ybd2 ffa4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsf0\">trading i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts, deriv<span class=\"_ _2b\"></span>atives and assets<span class=\"_ _0\"></span> design<span class=\"_ _0\"></span>ated as held </span></span></div>\n<div class=\"t m0 x1a h4f ybd3 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _2b\"></span>ough profit or l<span class=\"_ _0\"></span>oss are <span class=\"_ _2b\"></span>measured at fai<span class=\"_ _2b\"></span>r value. Chang<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x1a h4f ybd4 ffa4 fs3a fc14 sc0 lsfc ws121\" style=\"z-index: 15;\">in the<span class=\"_ _2\"></span><span class=\"ls102 ws11d\">ir<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">fair value a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e income stat<span class=\"_ _2b\"></span>ement. The (real<span class=\"_ _0\"></span>ised </span></span></span></div>\n<div class=\"t m0 x1a h4f ybd5 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and unre<span class=\"_ _2b\"></span>alised) resul<span class=\"_ _0\"></span>ts are inc<span class=\"_ _2b\"></span>luded in \u2018Resu<span class=\"_ _0\"></span>lt on sa<span class=\"_ _0\"></span>les and</div>\n<div class=\"t m0 x1a h4f ybd6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">revaluat<span class=\"_ _2b\"></span>ions\u2019. Interest re<span class=\"_ _2b\"></span>ceived (paid) on as<span class=\"_ _0\"></span>sets (lia<span class=\"_ _2b\"></span>bilities) held fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f ybd7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">trading is<span class=\"_ _0\"></span> reporte<span class=\"_ _0\"></span>d as intere<span class=\"_ _0\"></span>st income (e<span class=\"_ _0\"></span>xpense).<span class=\"_ _0\"></span> Divide<span class=\"lse2 wsfa\">nds received are </span></div>\n<div class=\"t m0 x1a h4f ybd8 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in \u2018Inter<span class=\"_ _0\"></span>est, divi<span class=\"_ _0\"></span>dend and ot<span class=\"_ _0\"></span>her invest<span class=\"_ _0\"></span>ment inc<span class=\"_ _0\"></span>ome\u2019.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 100px; width: 352px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 105px; width: 352px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag385": {
   "value": "\n<div class=\"t m0 x1a h4f ybd2 ffa4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">fo<span class=\"_ _2\"></span>r</span>-<span class=\"lse0 wsf0\">trading i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts, deriv<span class=\"_ _2b\"></span>atives and assets<span class=\"_ _0\"></span> design<span class=\"_ _0\"></span>ated as held </span></span></div>\n<div class=\"t m0 x1a h4f ybd3 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _2b\"></span>ough profit or l<span class=\"_ _0\"></span>oss are <span class=\"_ _2b\"></span>measured at fai<span class=\"_ _2b\"></span>r value. Chang<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x1a h4f ybd4 ffa4 fs3a fc14 sc0 lsfc ws121\" style=\"z-index: 15;\">in the<span class=\"_ _2\"></span><span class=\"ls102 ws11d\">ir<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">fair value a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e income stat<span class=\"_ _2b\"></span>ement. The (real<span class=\"_ _0\"></span>ised </span></span></span></div>\n<div class=\"t m0 x1a h4f ybd5 ffa4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and unre<span class=\"_ _2b\"></span>alised) resul<span class=\"_ _0\"></span>ts are inc<span class=\"_ _2b\"></span>luded in \u2018Resu<span class=\"_ _0\"></span>lt on sa<span class=\"_ _0\"></span>les and</div>\n<div class=\"t m0 x1a h4f ybd6 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">revaluat<span class=\"_ _2b\"></span>ions\u2019. Interest re<span class=\"_ _2b\"></span>ceived (paid) on as<span class=\"_ _0\"></span>sets (lia<span class=\"_ _2b\"></span>bilities) held fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f ybd7 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">trading is<span class=\"_ _0\"></span> reporte<span class=\"_ _0\"></span>d as intere<span class=\"_ _0\"></span>st income (e<span class=\"_ _0\"></span>xpense).<span class=\"_ _0\"></span> Divide<span class=\"lse2 wsfa\">nds received are </span></div>\n<div class=\"t m0 x1a h4f ybd8 ffa4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in \u2018Inter<span class=\"_ _0\"></span>est, divi<span class=\"_ _0\"></span>dend and ot<span class=\"_ _0\"></span>her invest<span class=\"_ _0\"></span>ment inc<span class=\"_ _0\"></span>ome\u2019.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 278px; height: 100px; width: 352px; z-index: 7;\"><br/></div>\nFinancial liabilities at fair value through profit or loss include:i)  Financial liabilities held-for-trading",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradingIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag403": {
   "value": "\n<div class=\"t m0 x7 h4f y802 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The majority of Ageas's financial investments (being bonds and equity<span class=\"ws103\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">instruments) are classified as available-for-sale and are measured at fair<span class=\"wsf0\"><span class=\"wsef\"> </span></span></div>\n<div class=\"t m0 x7 h4f y804 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">value. Changes in their fair value are recognised in other<span class=\"wsf1\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">comprehensive income until the investment is sold.<span class=\"lse0 wsf0\"> At the mo<span class=\"_ _0\"></span>ment of </span></div>\n<div class=\"t m0 x7 h4f y806 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span>, the accu<span class=\"_ _2b\"></span>mulated fair valu<span class=\"_ _0\"></span>e changes in ot<span class=\"_ _2b\"></span>her comprehe<span class=\"_ _0\"></span>nsive</div>\n<div class=\"t m0 x7 h4f y807 ffab fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">income<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are recycled throu<span class=\"_ _2\"></span>gh the income statement. Reve<span class=\"_ _2\"></span>nue o<span class=\"lse0 wsef\">n </span></span></span></div>\n<div class=\"t m0 x7 h4f y808 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"ws103\">sale<span class=\"_ _2\"></span> debt securities is recogni<span class=\"_ _2\"></span>sed using the effective </span></div>\n<div class=\"t m0 x7 h4f y809 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t metho<span class=\"_ _0\"></span>d. Peri<span class=\"_ _0\"></span>odic amo<span class=\"_ _0\"></span>rtisati<span class=\"_ _2b\"></span>on and impairm<span class=\"_ _0\"></span>ent loss<span class=\"_ _0\"></span>es are</div>\n<div class=\"t m0 x7 h4f y80a ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recognised in<span class=\"_ _2\"></span> the income statement and dividen<span class=\"_ _2\"></span>ds are recognised as</div>\n<div class=\"t m0 x7 h4f y80b ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income up<span class=\"_ _0\"></span>on receipt<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 945px; height: 152px; width: 354px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag393": {
   "value": "The majority of Ageas's financial investments (being bonds and equityinstruments) are classified as available-for-sale and are measured at fairvalue. Changes in their fair value are recognised in othercomprehensive income until the investment is sold.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag416": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y8d0 ffad fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f <span class=\"wsf1\">financial<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">assets</span> </span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A financial asse<span class=\"_ _2\"></span>t (or group of financial as<span class=\"_ _2\"></span>sets) classified as either</div>\n<div class=\"t m0 x7 h4f y8d2 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span>, loans and receiv<span class=\"_ _2\"></span>ables or held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-</span><span class=\"ws103\">maturity is dee<span class=\"_ _2\"></span>med </span></span></div>\n<div class=\"t m0 x7 h4f y8d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be impai<span class=\"_ _0\"></span>red if:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb28 ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 wsfa\">T<span class=\"_ _2\"></span>here is objective e<span class=\"_ _2\"></span>vidence of impairm<span class=\"_ _2\"></span>ent</span><span class=\"ffab\"> <span class=\"lse0 wsf0\">as a result of<span class=\"_ _0\"></span> one or more </span></span></span></div>\n<div class=\"t m0 x43 h4f yb29 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss eve<span class=\"_ _0\"></span>nts or t<span class=\"_ _0\"></span>rigger<span class=\"_ _0\"></span>s (e.g. s<span class=\"_ _2b\"></span>ignificant fin<span class=\"_ _2b\"></span>ancial diffic<span class=\"_ _0\"></span>ulty of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x43 h4f yb2a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issuer) t<span class=\"_ _0\"></span>hat have o<span class=\"_ _0\"></span>ccurred af<span class=\"_ _0\"></span>ter the ini<span class=\"_ _0\"></span>tial recog<span class=\"_ _2b\"></span>nition of the asset;<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x43 h4f yb2b ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lsf3 ws11c\">Th<span class=\"lse0 wsf0\">at loss event (or ev<span class=\"_ _0\"></span>ents) has (o<span class=\"_ _0\"></span>r have) an im<span class=\"_ _0\"></span>pact on the </span></span></span></div>\n<div class=\"t m0 x43 h4f yb2d ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed future cash f<span class=\"_ _2b\"></span>lows of the fina<span class=\"_ _2b\"></span>ncial asset (o<span class=\"_ _0\"></span>r group o<span class=\"_ _0\"></span>f</div>\n<div class=\"t m0 x43 h4f y962 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>that c<span class=\"_ _0\"></span>an be reliabl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>est<span class=\"_ _0\"></span>imated.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y963 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y964 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For equit<span class=\"_ _0\"></span>y securiti<span class=\"_ _2b\"></span>es, the triggers us<span class=\"_ _0\"></span>ed to dete<span class=\"_ _0\"></span>rmine whet<span class=\"_ _2b\"></span>her <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is</div>\n<div class=\"t m0 x7 h4f y965 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve evide<span class=\"_ _0\"></span>nce of i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent inclu<span class=\"_ _2b\"></span>de, amongst ot<span class=\"_ _0\"></span>hers, th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y966 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration whether t<span class=\"_ _2b\"></span>he fair value is<span class=\"_ _2b\"></span> significantl<span class=\"_ _0\"></span>y (25%)<span class=\"_ _2b\"></span> below the</div>\n<div class=\"t m0 x7 h4f y967 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">carrying v<span class=\"_ _2\"></span>alue or has been b<span class=\"_ _2\"></span>elow the carrying <span class=\"_ _2\"></span>value for a prol<span class=\"_ _2\"></span>onged</div>\n<div class=\"t m0 x7 h4f y968 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period (<span class=\"_ _0\"></span>365 consec<span class=\"_ _2b\"></span>utive days) on the dat<span class=\"_ _0\"></span>e of the state<span class=\"_ _2b\"></span>me<span class=\"wsfa\">nt of financ<span class=\"_ _0\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y969 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Depend<span class=\"_ _0\"></span>ing on th<span class=\"_ _0\"></span>e type of <span class=\"_ _0\"></span>financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _0\"></span>, the r<span class=\"_ _0\"></span>ecovera<span class=\"_ _0\"></span>ble amo<span class=\"_ _0\"></span>unt can</div>\n<div class=\"t m0 x7 h4f y96c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">be estimat<span class=\"_ _2b\"></span>ed as follows: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair <span class=\"wsf0\">value us<span class=\"_ _0\"></span>ing an obs<span class=\"_ _0\"></span>ervable m<span class=\"_ _2b\"></span>arket price;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair value <span class=\"_ _2b\"></span>using non<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">data<span class=\"_ _2\"></span></span>; </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96f ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsf0\">Based on the</span><span class=\"ffab\"> <span class=\"lse0 wsfa\">fair val<span class=\"_ _2b\"></span>ue of the coll<span class=\"_ _0\"></span>ateral. <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y970 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y971 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If an available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-</span></span>sale asset<span class=\"_ _2\"></span> is determined to be impaired, t<span class=\"_ _2\"></span>he allowance</div>\n<div class=\"t m0 x7 h4f y972 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for impai<span class=\"_ _0\"></span>rment is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _0\"></span>ent. For imp<span class=\"_ _0\"></span>aired</div>\n<div class=\"t m0 x7 h4f y973 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span> assets, unrealised<span class=\"_ _2\"></span> losses previousl<span class=\"_ _2\"></span>y recognised in </span></div>\n<div class=\"t m0 x7 h4f y974 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other compr<span class=\"lse0 wsf0\">ehensive inco<span class=\"_ _0\"></span>me<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are transferred<span class=\"_ _2\"></span> to the income statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y975 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">when the i<span class=\"_ _2\"></span>mpairment occurs. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y977 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If, in a s<span class=\"_ _0\"></span>ubsequ<span class=\"_ _0\"></span>ent per<span class=\"_ _0\"></span>iod, th<span class=\"_ _0\"></span>e fair val<span class=\"_ _2b\"></span>ue of a debt inst<span class=\"_ _2b\"></span>rument classi<span class=\"_ _0\"></span>fied</div>\n<div class=\"t m0 x1a h4f y978 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as availa<span class=\"_ _0\"></span>ble<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span><span class=\"wsfa\">sal<span class=\"_ _2b\"></span>e increases an<span class=\"_ _0\"></span>d the inc<span class=\"_ _2b\"></span>rease object<span class=\"_ _0\"></span>ively rel<span class=\"_ _2b\"></span>ates to an </span></div>\n<div class=\"t m0 x1a h4f y979 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event occu<span class=\"_ _2b\"></span>rring after the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _2b\"></span>on of any allowance for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _2b\"></span>nt in</div>\n<div class=\"t m0 x1a h4f y97a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the incom<span class=\"_ _0\"></span>e statement<span class=\"_ _2b\"></span>, the allowance f<span class=\"_ _0\"></span>or impair<span class=\"_ _0\"></span>ment is rev<span class=\"_ _0\"></span>ersed, wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f y97b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the rev<span class=\"_ _2b\"></span>ersal <span class=\"lse2 wsf1\">being </span><span class=\"wsf0\">recognised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>. </span></div>\n<div class=\"t m0 x1a h4f y97c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Further po<span class=\"_ _2b\"></span>sitive revaluat<span class=\"_ _0\"></span>ions of debt<span class=\"_ _0\"></span> instru<span class=\"_ _0\"></span>ments clas<span class=\"_ _2b\"></span>sified as a<span class=\"ls102 ws11d\">vailable<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f y97d ffab fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\">-<span class=\"lsfb wsfa\">sal<span class=\"_ _2\"></span>e <span class=\"lse2\">is recognise<span class=\"_ _2\"></span>d</span></span> <span class=\"lse0 wsfa\">in oth<span class=\"_ _0\"></span>er comp<span class=\"_ _0\"></span>rehensiv<span class=\"_ _2b\"></span>e income.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb32 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb33 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments on<span class=\"_ _2\"></span> an equity instrument class<span class=\"_ _2\"></span>ified as available<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">sale ar<span class=\"_ _0\"></span>e </span></span></span></div>\n<div class=\"t m0 x1a h4f yb34 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rev<span class=\"_ _0\"></span>ersed th<span class=\"_ _0\"></span>rough th<span class=\"_ _0\"></span>e income<span class=\"_ _2b\"></span> statement; i<span class=\"_ _0\"></span>ncrease<span class=\"_ _0\"></span>s in the<span class=\"_ _0\"></span>ir fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yb35 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">after imp<span class=\"_ _0\"></span>airment ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d directly<span class=\"_ _0\"></span> in ot<span class=\"lse2 wsfa\">her comprehensi<span class=\"_ _2\"></span>ve income.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 157px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 456px; width: 354px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 162px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 461px; width: 354px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 167px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 466px; width: 354px; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffb3 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Transaction co<span class=\"_ _2\"></span>sts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Transac<span class=\"_ _0\"></span>tion cost<span class=\"_ _0\"></span>s on financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span><span class=\"wsfa\">uments r<span class=\"_ _2b\"></span>efer to the inc<span class=\"_ _0\"></span>rementa<span class=\"_ _0\"></span>l costs </span></div>\n<div class=\"t m0 x7 h4f y804 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">directl<span class=\"_ _0\"></span>y attribut<span class=\"_ _2b\"></span>able to the acquisit<span class=\"_ _2b\"></span>ion or disposal of a fi<span class=\"_ _0\"></span>nancial as<span class=\"_ _0\"></span>set or</div>\n<div class=\"t m0 x7 h4f y805 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y. They inc<span class=\"_ _2b\"></span>lude fees and commi<span class=\"_ _0\"></span>ssions pa<span class=\"_ _0\"></span>id to agents,<span class=\"_ _0\"></span> advisers<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y806 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">brokers an<span class=\"_ _2b\"></span>d dealers, levies im<span class=\"_ _0\"></span>posed by<span class=\"_ _0\"></span> regulato<span class=\"_ _0\"></span>ry agenci<span class=\"_ _2b\"></span>es and</div>\n<div class=\"t m0 x7 h4f y807 ffb1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span><span class=\"lse2 ws103\">ies exchanges as<span class=\"_ _2\"></span> well as transfer taxes and duties. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Those tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _0\"></span>n costs ar<span class=\"_ _0\"></span>e include<span class=\"_ _0\"></span>d in the initi<span class=\"_ _0\"></span>al measure<span class=\"_ _0\"></span>ment of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y80a ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial asse<span class=\"_ _2\"></span>t or liability, except if<span class=\"_ _2\"></span> the financial asset or liab<span class=\"_ _2\"></span>ility is</div>\n<div class=\"t m0 x7 h4f y80b ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss, in w<span class=\"_ _2b\"></span>hich<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">ca<span class=\"_ _2b\"></span>se transaction </span></div>\n<div class=\"t m0 x7 h4f y80c ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">costs are <span class=\"_ _2\"></span>directly expensed.<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 929px; height: 163px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 929px; height: 168px; width: 351px; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h4f yc3c ffc0 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.5<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lsfb wsfa\">In<span class=\"_ _2\"></span>ve<span class=\"lse0 wsf0\">stment pr<span class=\"_ _0\"></span>operty<span class=\"_ _0\"></span> and <span class=\"lse2 wsf1\">property<span class=\"ls0 ws0\"> </span></span>held for own use<span class=\"ls0 ws0\"> </span></span></span></span></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 yc3d ffc2 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">property<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">held for own us<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc3e ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y classif<span class=\"_ _0\"></span>ied as held fo<span class=\"_ _0\"></span>r own use main<span class=\"_ _2b\"></span>ly includes:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc3f ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Office buildin<span class=\"_ _0\"></span>gs that Ageas oc<span class=\"_ _2b\"></span>cupies<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc40 ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 ws103\">C<span class=\"_ _2\"></span>ommercial buildings tha<span class=\"_ _2\"></span>t are used to operate a bus<span class=\"lsfb wsfa\">ine<span class=\"_ _2\"></span>ss.</span></span><span class=\"ffc0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc41 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc42 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All real est<span class=\"_ _0\"></span>ate held f<span class=\"_ _0\"></span>or own use and fi<span class=\"_ _0\"></span>xed asset<span class=\"_ _0\"></span>s are meas<span class=\"_ _0\"></span>ured at cost</div>\n<div class=\"t m0 x1a h4f yc43 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">less accum<span class=\"_ _2b\"></span>ulated depreci<span class=\"_ _0\"></span>ation (ex<span class=\"_ _0\"></span>cept for la<span class=\"_ _0\"></span>nd that is not<span class=\"_ _0\"></span> depreci<span class=\"_ _0\"></span>ated)</div>\n<div class=\"t m0 x1a h4f yc44 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and any acc<span class=\"_ _0\"></span>umulated i<span class=\"_ _2b\"></span>mpairment loss<span class=\"_ _0\"></span>es. Cost is th<span class=\"_ _0\"></span>e amount of cas<span class=\"_ _2b\"></span>h or</div>\n<div class=\"t m0 x1a h4f yc45 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash equi<span class=\"_ _0\"></span>valents<span class=\"_ _0\"></span> paid or the fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>va<span class=\"wsfa\">l<span class=\"_ _0\"></span>ue of the <span class=\"_ _2b\"></span>other consider<span class=\"_ _0\"></span>ation gi<span class=\"_ _2b\"></span>ven </span></div>\n<div class=\"t m0 x1a h4f yc46 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to acquir<span class=\"_ _0\"></span>e an asset<span class=\"_ _0\"></span> at the time of its a<span class=\"_ _0\"></span>cquisit<span class=\"_ _2b\"></span>ion or constructio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc47 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc48 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The depre<span class=\"_ _0\"></span>ciatio<span class=\"_ _0\"></span>n of buildi<span class=\"_ _0\"></span>ngs is calc<span class=\"_ _0\"></span>ulated usin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e straight<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">line metho<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x1a h4f yc49 ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to write <span class=\"_ _0\"></span>down the <span class=\"_ _2b\"></span>cost of such a<span class=\"_ _0\"></span>ssets t<span class=\"_ _0\"></span>o thei<span class=\"lse2\">r residual values <span class=\"_ _2\"></span>over their </span></div>\n<div class=\"t m0 x1a h4f yc4a ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed useful lives. Th<span class=\"_ _0\"></span>e useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>IT, of<span class=\"_ _0\"></span>fice an<span class=\"_ _0\"></span>d equipment<span class=\"_ _0\"></span> is</div>\n<div class=\"t m0 x1a h4f yc4b ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned individuall<span class=\"_ _0\"></span>y for each ass<span class=\"_ _2b\"></span>et. The useful life of<span class=\"_ _0\"></span> the buildi<span class=\"_ _0\"></span>ngs is</div>\n<div class=\"t m0 x1a h4f yc4c ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned for each sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt part s<span class=\"_ _0\"></span>eparate<span class=\"_ _0\"></span>ly (com<span class=\"_ _0\"></span>ponent a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h)</div>\n<div class=\"t m0 x1a h4f yc4d ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and is revi<span class=\"_ _0\"></span>ewed at each y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">end. T<span class=\"_ _2b\"></span>he real estate i<span class=\"_ _2b\"></span>s therefore s<span class=\"_ _0\"></span>plit int<span class=\"_ _0\"></span>o </span></div>\n<div class=\"t m0 x1a h4f ya2f ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the foll<span class=\"_ _0\"></span>owing c<span class=\"_ _2b\"></span>omponents: st<span class=\"_ _0\"></span>ructure,<span class=\"_ _0\"></span> closi<span class=\"_ _2b\"></span>ng, techniques<span class=\"_ _0\"></span> and equ<span class=\"_ _0\"></span>ipment,<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc4e ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">heavy fi<span class=\"_ _0\"></span>nishing <span class=\"_ _0\"></span>and li<span class=\"_ _0\"></span>ght finis<span class=\"_ _0\"></span>hing.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 293px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 298px; width: 353px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 335px; width: 353px; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f yc51 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The maxim<span class=\"_ _0\"></span>um useful lif<span class=\"_ _2b\"></span>e of components is as f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc52 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 yc53 ffc0 fs3c fc14 sc0 lsed ws12d\" style=\"z-index: 15;\">Structure<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc54 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">50 years for <span class=\"wsf3\">offices and retail<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 yc56 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 682px; z-index: 15;\">70 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc57 ffc0 fs3c fc14 sc0 ls109 ws12c\" style=\"z-index: 15;\">Closing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc58 ffc0 fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">30 years for offices an<span class=\"_ _0\"></span>d retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc74 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 641px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc5b ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Techniques and equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5c ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">15 years for car parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5d ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">20 years for offices<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5e ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">25 years for retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc60 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 568px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc61 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Heavy finishing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc62 ffc0 fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">15 years <span class=\"lsec\">for car<span class=\"_ _2\"></span> parks<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1df h52 yc63 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">20 years for offices<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc64 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">25 years for retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc66 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 495px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc68 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 470px; z-index: 15;\">Light finishing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc68 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 470px; z-index: 15;\">10 years for offices, retail and residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc69 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc6a ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc6b ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Land has an unlimi<span class=\"_ _0\"></span>ted useful<span class=\"_ _0\"></span> life and is ther<span class=\"_ _2b\"></span>efore not depreci<span class=\"_ _2b\"></span>ated<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f yc6c ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 wsfa\">A<span class=\"_ _2\"></span>s a general rul<span class=\"_ _2\"></span>e, residual value<span class=\"_ _2\"></span>s are <span class=\"lse0 wsf0\">consid<span class=\"_ _2b\"></span>ered to be zero<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yc6d ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Repairs and maint<span class=\"_ _2b\"></span>enance expenses<span class=\"_ _0\"></span> are charg<span class=\"_ _0\"></span>ed to the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _2b\"></span>ent when the expend<span class=\"_ _0\"></span>iture is inc<span class=\"_ _0\"></span>urred. Ex<span class=\"_ _2b\"></span>penditures that e<span class=\"_ _2b\"></span>nha<span class=\"lse2 ws103\">nce or ext<span class=\"_ _2\"></span>end the </span></span></span></div>\n<div class=\"t m0 x43 h4f yc6e ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s of real <span class=\"_ _2b\"></span>estate or fixe<span class=\"_ _0\"></span>d assets <span class=\"_ _0\"></span>beyond t<span class=\"_ _2b\"></span>heir original <span class=\"_ _0\"></span>use are c<span class=\"_ _2b\"></span>apitalised an<span class=\"_ _0\"></span>d subs<span class=\"lse2\">equently depreciated<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f yc6f ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 ws103\">Bo<span class=\"_ _2\"></span>rrowing costs to finance<span class=\"_ _2\"></span> the construction of proper<span class=\"_ _2\"></span>ty, plant and equipment are trea<span class=\"_ _2\"></span>ted in the same way as borrowing c<span class=\"_ _2\"></span>osts o<span class=\"lse0 wsf0\">n inve<span class=\"_ _0\"></span>stment pro<span class=\"_ _2b\"></span>perty<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 344px; height: 400px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 344px; height: 400px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 344px; height: 400px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffc7 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"lse2 wsfa\">investment<span class=\"_ _2\"></span> property<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment prop<span class=\"_ _0\"></span>erties ar<span class=\"_ _0\"></span>e those prop<span class=\"_ _0\"></span>erties that<span class=\"_ _0\"></span> Ageas h<span class=\"_ _0\"></span>olds to ear<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y804 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rental inc<span class=\"_ _2b\"></span>ome or for capital app<span class=\"_ _0\"></span>reciat<span class=\"_ _0\"></span>ion. Age<span class=\"_ _0\"></span>as may also use c<span class=\"_ _0\"></span>ertain</div>\n<div class=\"t m0 x7 h4f y805 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent properties for o<span class=\"_ _0\"></span>wn use. If the o<span class=\"_ _0\"></span>wn use porti<span class=\"_ _2b\"></span>ons can be sold</div>\n<div class=\"t m0 x7 h4f y806 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separately or lea<span class=\"_ _2\"></span>sed out separately under a f<span class=\"_ _2\"></span>inance lease, these</div>\n<div class=\"t m0 x7 h4f y807 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">portions are a<span class=\"_ _2\"></span>ccounted for as property, plan<span class=\"_ _2\"></span>t and equipment. If the own</div>\n<div class=\"t m0 x7 h4f y808 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">use portions cann<span class=\"_ _2\"></span>ot be sold separately, the<span class=\"_ _2\"></span> property is treated as</div>\n<div class=\"t m0 x7 h4f y809 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent property only if<span class=\"_ _0\"></span> Ageas hol<span class=\"_ _0\"></span>ds an insignif<span class=\"_ _2b\"></span>icant portion f<span class=\"_ _0\"></span>or own</div>\n<div class=\"t m0 x7 h4f y80a ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">use. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For reasons<span class=\"_ _2\"></span> of comparability,<span class=\"_ _2\"></span> Ageas applies the<span class=\"_ _2\"></span> cost model for bo<span class=\"_ _2\"></span>th</div>\n<div class=\"t m0 x7 h4f y80d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent property and fo<span class=\"_ _0\"></span>r property he<span class=\"_ _2b\"></span>ld for own use. After i<span class=\"_ _0\"></span>nitial</div>\n<div class=\"t m0 x7 h4f y80e ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, all property is m<span class=\"_ _0\"></span>easur<span class=\"_ _0\"></span>ed at its cost les<span class=\"_ _0\"></span>s any accum<span class=\"_ _0\"></span>ulated</div>\n<div class=\"t m0 x7 h4f y80f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">depreci<span class=\"_ _0\"></span>ation (u<span class=\"_ _0\"></span>sing a s<span class=\"_ _0\"></span>traight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">line met<span class=\"_ _2b\"></span>hod) and<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">any accumula<span class=\"_ _2\"></span>ted </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y810 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>ses. As <span class=\"_ _0\"></span>a result<span class=\"_ _0\"></span>, chang<span class=\"_ _2b\"></span>es in the fair v<span class=\"_ _0\"></span>alue of t<span class=\"_ _2b\"></span>he property</div>\n<div class=\"t m0 x7 h4f y90a ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are neit<span class=\"_ _0\"></span>her rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt (exce<span class=\"_ _0\"></span>pt for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y90b ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">losses) nor in<span class=\"_ _2\"></span> other comprehensive income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90c ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90d ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The resi<span class=\"_ _2b\"></span>dual value and t<span class=\"_ _2b\"></span>he useful lif<span class=\"_ _0\"></span>e of <span class=\"wsf0\">inves<span class=\"_ _0\"></span>tment p<span class=\"_ _0\"></span>roperty is </span></div>\n<div class=\"t m0 x7 h4f y90e ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned for each sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt part s<span class=\"_ _0\"></span>eparate<span class=\"_ _0\"></span>ly (com<span class=\"_ _0\"></span>ponent a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h)</div>\n<div class=\"t m0 x7 h4f y90f ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and is revi<span class=\"_ _0\"></span>ewed at each y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">end. For investment<span class=\"_ _2\"></span> property, the same </span></span></div>\n<div class=\"t m0 x7 h4f y910 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">maxima<span class=\"_ _0\"></span>l useful lif<span class=\"_ _0\"></span>e of compon<span class=\"_ _0\"></span>ents is app<span class=\"_ _0\"></span>lied as for p<span class=\"_ _0\"></span>roperty he<span class=\"_ _2b\"></span>ld for own</div>\n<div class=\"t m0 x7 h4f y911 ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">use.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y912 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas r<span class=\"_ _0\"></span>ents its<span class=\"_ _0\"></span> i<span class=\"lse2 ws103\">nvestment proper<span class=\"_ _2\"></span>ty under various non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">canc<span class=\"_ _2\"></span>ellable rental </span></span></div>\n<div class=\"t m0 x7 h4f y913 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contracts. <span class=\"_ _2\"></span>Certain contracts co<span class=\"_ _2\"></span>ntain renewal optio<span class=\"_ _2\"></span>ns for various p<span class=\"_ _2\"></span>eriods</div>\n<div class=\"t m0 x7 h4f y914 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of time.<span class=\"_ _0\"></span> The re<span class=\"_ _0\"></span>ntal inco<span class=\"_ _2b\"></span>me associated<span class=\"_ _0\"></span> with the<span class=\"_ _0\"></span>se cont<span class=\"_ _0\"></span>racts is <span class=\"_ _2b\"></span>recognised</div>\n<div class=\"t m0 x7 h4f y915 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">over time as in<span class=\"_ _2b\"></span>vestment inco<span class=\"_ _0\"></span>me, on a strai<span class=\"_ _0\"></span>ght<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">line bas</span></span>is over the rental</div>\n<div class=\"t m0 x7 h4f y916 ffc5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">term.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y917 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y918 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Transfers to,<span class=\"_ _2\"></span> or from, investment proper<span class=\"_ _2\"></span>ty are only made when there is a</div>\n<div class=\"t m0 x7 h4f y919 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">change in us<span class=\"_ _2b\"></span>e:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y91a ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsf0\">Into investment<span class=\"_ _0\"></span> property at<span class=\"_ _0\"></span> the end of ow<span class=\"_ _0\"></span>ner<span class=\"ls0 ws0\">-</span>occupat<span class=\"_ _2b\"></span>ion, at the start </span></span></div>\n<div class=\"t m0 x43 h4f y91b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of an operat<span class=\"_ _0\"></span>ing leas<span class=\"_ _0\"></span>e to <span class=\"lse2 wsf1\">another<span class=\"ls0 ws0\"> </span></span>party, or at the end of<span class=\"_ _0\"></span> construct<span class=\"_ _2b\"></span>ion</div>\n<div class=\"t m0 x43 h4f y91c ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or<span class=\"ls0 ws0\"> </span>developm<span class=\"_ _2b\"></span>ent<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">an<span class=\"_ _2\"></span>d</span> </span></div>\n<div class=\"t m0 x7 h4f y91d ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">Out of investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>perty at t<span class=\"_ _2b\"></span>he commencem<span class=\"_ _2b\"></span>ent of owner<span class=\"ls0 ws0\">-</span></span></span></div>\n<div class=\"t m0 x43 h4f y91e ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">occupat<span class=\"_ _0\"></span>ion or at<span class=\"_ _0\"></span> the start<span class=\"_ _0\"></span> of dev<span class=\"_ _2b\"></span>elopment with a v<span class=\"_ _2b\"></span>iew to sale.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y91f ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y920 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>outcom<span class=\"_ _0\"></span>e of a cons<span class=\"_ _2b\"></span>truction cont<span class=\"_ _0\"></span>ract ca<span class=\"_ _0\"></span>n be esti<span class=\"_ _2b\"></span>mated reliably,<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y921 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> revenu<span class=\"_ _0\"></span>e and contr<span class=\"_ _0\"></span>act costs a<span class=\"_ _0\"></span>ssociate<span class=\"_ _2b\"></span>d with the constru<span class=\"_ _0\"></span>ction</div>\n<div class=\"t m0 x7 h4f y922 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contract are<span class=\"_ _2\"></span> recognised as rev<span class=\"_ _2\"></span>enue and expense<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"wsf1\">respectively<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>by </span></div>\n<div class=\"t m0 x7 h4f y923 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">referenc<span class=\"_ _2b\"></span>e to the stage <span class=\"_ _0\"></span>of comp<span class=\"_ _0\"></span>letion <span class=\"_ _0\"></span>of the co<span class=\"_ _0\"></span>ntract a<span class=\"_ _2b\"></span>ctivity at the d<span class=\"_ _2b\"></span>ate of</div>\n<div class=\"t m0 x7 h4f y924 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the state<span class=\"_ _0\"></span>ment of finan<span class=\"_ _2b\"></span>cial position. Wh<span class=\"_ _2b\"></span>en it is probable that <span class=\"wsef\">t<span class=\"_ _0\"></span>he <span class=\"lsfc ws115\">tota<span class=\"_ _2\"></span>l </span></span></div>\n<div class=\"t m0 x7 h4f y925 ffc5 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">contract costs will <span class=\"lse0 wsef\">exceed <span class=\"lsfc ws115\">the <span class=\"lse2 ws103\">total<span class=\"_ _2\"></span> contract revenue, the expected<span class=\"_ _2\"></span> loss </span></span></span></div>\n<div class=\"t m0 x7 h4f y926 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is recogni<span class=\"_ _2\"></span>sed immediately in<span class=\"_ _2\"></span> the income sta<span class=\"_ _2\"></span>tement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 410px; height: 687px; width: 354px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y973 ffc7 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f property held<span class=\"_ _2\"></span> for own use and i<span class=\"_ _2\"></span>nvestment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y974 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As for other non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">finan<span class=\"_ _2b\"></span>cial assets, pro<span class=\"_ _0\"></span>perty he<span class=\"_ _0\"></span>ld for own use an<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x7 h4f y975 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment proper<span class=\"_ _2\"></span>ty<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">is </span></span>impaired<span class=\"_ _2\"></span> when its carrying amount exceeds<span class=\"_ _2\"></span> the</div>\n<div class=\"t m0 x7 h4f y976 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9db ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The recoverable<span class=\"_ _2\"></span> amount is measured as the higher<span class=\"_ _2\"></span> of either \u2018fair value</div>\n<div class=\"t m0 x7 h4f y9dc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">less cost<span class=\"_ _0\"></span>s to sel<span class=\"_ _0\"></span>l\u2019 or \u2018va<span class=\"_ _2b\"></span>lue in use\u2019<span class=\"ls0 ws0\">:  </span></div>\n<div class=\"t m0 x7 h4f y9dd ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">The \u2018fair val<span class=\"_ _0\"></span>ue less cos<span class=\"_ _0\"></span>ts to se<span class=\"_ _2b\"></span>ll\u2019 is the pric<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>ould be rec<span class=\"_ _2b\"></span>eived </span></span></div>\n<div class=\"t m0 x43 h4f y9de ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to sell an ass<span class=\"_ _0\"></span>et in an orde<span class=\"_ _0\"></span>rly trans<span class=\"_ _0\"></span>action b<span class=\"_ _0\"></span>etween ma<span class=\"_ _2b\"></span>rket</div>\n<div class=\"t m0 x6c h4f yc13 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participants<span class=\"_ _2\"></span> (based on observable and non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">observable mar<span class=\"_ _0\"></span>ket </span></span></div>\n<div class=\"t m0 x6c h4f yc14 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">data), aft<span class=\"_ _0\"></span>er deduct<span class=\"_ _2b\"></span>ing any direct incr<span class=\"_ _0\"></span>emental d<span class=\"_ _2b\"></span>isposal costs<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc15 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsfa\">\u2018value <span class=\"_ _0\"></span>in use\u2019 i<span class=\"_ _0\"></span>s the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of <span class=\"_ _0\"></span>estimate<span class=\"_ _2b\"></span>d future cash </span></span></span></div>\n<div class=\"t m0 x6c h4f yc16 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">flows ex<span class=\"_ _2b\"></span>pected to aris<span class=\"_ _0\"></span>e from c<span class=\"_ _0\"></span>ontinui<span class=\"_ _0\"></span>ng use of t<span class=\"_ _2b\"></span>he asset and fr<span class=\"_ _0\"></span>om</div>\n<div class=\"t m0 x6c h4f yc17 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">its dispos<span class=\"_ _2b\"></span>al at the end of its usefu<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>lif<span class=\"_ _0\"></span>e, without<span class=\"_ _0\"></span> deducti<span class=\"_ _2b\"></span>on <span class=\"_ _2\"></span>of<span class=\"_ _0\"></span> transfer</div>\n<div class=\"t m0 x6c h4f yc18 ffc5 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">tax.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At the end of eac<span class=\"_ _2b\"></span>h reporting peri<span class=\"_ _0\"></span>od, Ageas as<span class=\"_ _2b\"></span>sess<span class=\"lse2 ws103\">es whether there<span class=\"_ _2\"></span> is </span></div>\n<div class=\"t m0 x1a h4f yc1b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any object<span class=\"_ _0\"></span>ive indic<span class=\"_ _2b\"></span>ation that an asset<span class=\"_ _0\"></span> may be impai<span class=\"_ _0\"></span>red, con<span class=\"_ _0\"></span>sideri<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f yc1c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">various externa<span class=\"_ _2\"></span>l (e.g. significant chang<span class=\"_ _2\"></span>es in the economic environment)<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and inter<span class=\"_ _0\"></span>nal (e.g. p<span class=\"_ _0\"></span>lan to disp<span class=\"_ _0\"></span>ose) sourc<span class=\"_ _2b\"></span>es of information.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>If any<span class=\"_ _0\"></span> such</div>\n<div class=\"t m0 x1a h4f yc1e ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">indication e<span class=\"_ _2\"></span>xists (and o<span class=\"lse0 wsf0\">nly then<span class=\"_ _0\"></span>), Ageas wi<span class=\"_ _0\"></span>ll reduce t<span class=\"_ _0\"></span>he carryi<span class=\"_ _2b\"></span>ng amount </span></div>\n<div class=\"t m0 x1a h4f yc1f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the im<span class=\"_ _0\"></span>paired as<span class=\"_ _2b\"></span>set to its est<span class=\"_ _0\"></span>imated r<span class=\"_ _2b\"></span>ecoverable am<span class=\"_ _0\"></span>ount,<span class=\"_ _0\"></span> and the</div>\n<div class=\"t m0 x1a h4f yc20 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ch<span class=\"_ _0\"></span>ange in the cu<span class=\"_ _2b\"></span>rrent year is recog<span class=\"_ _0\"></span>nised in the inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x1a h4f yc21 ffc5 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc23 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">After th<span class=\"_ _2b\"></span>e recognition o<span class=\"_ _0\"></span>f an imp<span class=\"_ _0\"></span>airment<span class=\"_ _2b\"></span>, the depreciat<span class=\"_ _0\"></span>ion for f<span class=\"_ _2b\"></span>uture</div>\n<div class=\"t m0 x1a h4f yc24 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">periods i<span class=\"_ _2\"></span>s adjusted based on <span class=\"_ _2\"></span>the revised carryi<span class=\"_ _2\"></span>ng amount less <span class=\"_ _2\"></span>its</div>\n<div class=\"t m0 x1a h4f yc25 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value ov<span class=\"_ _0\"></span>er the assets<span class=\"_ _0\"></span> remaini<span class=\"_ _0\"></span>ng useful lif<span class=\"_ _0\"></span>e. For pro<span class=\"_ _0\"></span>perty, the</div>\n<div class=\"t m0 x1a h4f yc34 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>eac<span class=\"_ _2b\"></span>h significant part<span class=\"_ _0\"></span> is determ<span class=\"_ _0\"></span>ined sep<span class=\"_ _0\"></span>arately an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>revi<span class=\"_ _2b\"></span>ewed</div>\n<div class=\"t m0 x1a h4f yc35 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at year<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">end.</span> </span></div>\n<div class=\"t m0 x1a h4f yc36 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc37 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If in a subseq<span class=\"_ _0\"></span>uent p<span class=\"lse2 ws103\">eriod, the amount of the impa<span class=\"_ _2\"></span>irment on non<span class=\"ls0 ws0\">-</span></span><span class=\"wsef\">financial </span></div>\n<div class=\"t m0 x1a h4f yc75 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets ot<span class=\"_ _0\"></span>her than goo<span class=\"_ _0\"></span>dwill dec<span class=\"_ _2b\"></span>reases, due to an eve<span class=\"_ _0\"></span>nt occurr<span class=\"_ _0\"></span>ing after</div>\n<div class=\"t m0 x1a h4f yc76 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the writ<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">down, the pre<span class=\"_ _2\"></span>viously recorded impairment lo<span class=\"_ _2\"></span>ss is reversed in </span></span></div>\n<div class=\"t m0 x1a h4f yc77 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">That i<span class=\"_ _2b\"></span>ncreased amount<span class=\"_ _0\"></span> cannot ex<span class=\"_ _0\"></span>ceed the </span></div>\n<div class=\"t m0 x1a h4f yc78 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>at <span class=\"_ _2\"></span>wo<span class=\"_ _0\"></span>uld have be<span class=\"_ _0\"></span>en determ<span class=\"_ _2b\"></span>ined, net of depreci<span class=\"_ _0\"></span>ation,</div>\n<div class=\"t m0 x1a h4f yc79 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">had no impairmen<span class=\"_ _2\"></span>t loss been recognised for<span class=\"_ _2\"></span> the asset in prior years.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 425px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 126px; width: 348px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 430px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 131px; width: 348px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 435px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 136px; width: 348px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 424px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 850px; width: 354px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 ybf9 ffc7 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Borrowing cos<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfa ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Borrowing <span class=\"_ _2\"></span>costs are generall<span class=\"_ _2\"></span>y expensed as incurre<span class=\"_ _2\"></span>d. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfb ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Borrow<span class=\"_ _0\"></span>ing cost<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e direct<span class=\"_ _0\"></span>ly attr<span class=\"_ _0\"></span>ibutabl<span class=\"_ _0\"></span>e to the<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f ybfd ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ction of an as<span class=\"_ _0\"></span>set are ca<span class=\"_ _0\"></span>pitalis<span class=\"_ _0\"></span>ed while the as<span class=\"_ _0\"></span>set is bei<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f ybfe ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>cted, as p<span class=\"_ _0\"></span>art of the cost<span class=\"_ _0\"></span> of that asset.<span class=\"_ _0\"></span> Capita<span class=\"_ _0\"></span>lisation of<span class=\"_ _0\"></span> borrow<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f ybff ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">costs sho<span class=\"_ _0\"></span>uld commen<span class=\"_ _2b\"></span>ce when: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc00 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 ws103\">E<span class=\"_ _2\"></span>xpenditures for the asset and<span class=\"_ _2\"></span> borrowing costs are being <span class=\"wsf1\">i<span class=\"_ _2\"></span>ncurred</span></span><span class=\"ffc5\">; </span></span></div>\n<div class=\"t m0 x6c h4f yc01 ffc5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc02 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">Activities ne<span class=\"_ _0\"></span>cessar<span class=\"_ _0\"></span>y to prep<span class=\"_ _0\"></span>are the a<span class=\"_ _2b\"></span>sset for its i<span class=\"_ _0\"></span>ntended <span class=\"_ _0\"></span>use or sa<span class=\"_ _0\"></span>le </span></span></div>\n<div class=\"t m0 x6c h4f yc03 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are in pro<span class=\"_ _2\"></span>gress. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc04 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc05 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Capital<span class=\"_ _0\"></span>isation <span class=\"_ _2b\"></span>of borrowing c<span class=\"_ _2b\"></span>osts ceases wh<span class=\"_ _2b\"></span>en the asset is s<span class=\"_ _2b\"></span>ubstantially</div>\n<div class=\"t m0 x1a h4f yc06 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ready f<span class=\"_ _0\"></span>or its int<span class=\"_ _0\"></span>ended us<span class=\"_ _2b\"></span>e or sale. If a<span class=\"_ _0\"></span>ctive dev<span class=\"_ _2b\"></span>elopment is i<span class=\"_ _0\"></span>nterru<span class=\"_ _0\"></span>pted for</div>\n<div class=\"t m0 x1a h4f yc07 ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">an<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">extended period<span class=\"_ _2\"></span>, capitalisation is suspended<span class=\"_ _2\"></span>. Where construction </span></span></div>\n<div class=\"t m0 x1a h4f yc08 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occurs pi<span class=\"_ _0\"></span>ecemeal,<span class=\"_ _0\"></span> and use of eac<span class=\"_ _0\"></span>h part is poss<span class=\"_ _2b\"></span>ible as construct<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f yc09 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ues, cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ation for <span class=\"_ _2b\"></span>each part ceas<span class=\"_ _2b\"></span>es upon substant<span class=\"_ _2b\"></span>ial</div>\n<div class=\"t m0 x1a h4f yc0a ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complet<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>hat part.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc0b ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc0c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For a borrowing asso<span class=\"_ _2\"></span>ciated with a specific ass<span class=\"_ _2\"></span>et, the actual rate on that<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc0d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ing is appli<span class=\"_ _0\"></span>ed. Othe<span class=\"_ _0\"></span>rwise, a wei<span class=\"_ _0\"></span>ghted av<span class=\"_ _0\"></span>erage cost<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of bor<span class=\"_ _0\"></span>rowings</div>\n<div class=\"t m0 x1a h4f yc0e ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is applied<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 340px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 345px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 251px; height: 855px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For qualif<span class=\"_ _0\"></span>ying ass<span class=\"_ _0\"></span>ets comme<span class=\"_ _0\"></span>ncing on or b<span class=\"_ _0\"></span>efore 1 Jan<span class=\"_ _0\"></span>uary 200<span class=\"_ _0\"></span>8,</div>\n<div class=\"t m0 x7 h4f y803 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowing <span class=\"_ _2\"></span>costs that were di<span class=\"_ _2\"></span>rectly<span class=\"ls0 ws0\"> </span><span class=\"lse0\">attribut<span class=\"_ _2b\"></span>able to the ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on, </span></div>\n<div class=\"t m0 x7 h4f y804 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ction or pr<span class=\"_ _0\"></span>oductio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>of a qua<span class=\"_ _0\"></span>lifyin<span class=\"_ _0\"></span>g asset (i.e.<span class=\"_ _0\"></span> an asset th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y805 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">necess<span class=\"_ _0\"></span>arily took a s<span class=\"_ _0\"></span>ubstant<span class=\"_ _0\"></span>ial peri<span class=\"_ _0\"></span>od of time to get re<span class=\"_ _0\"></span>ady for its<span class=\"_ _0\"></span> intended</div>\n<div class=\"t m0 x7 h4f y806 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">use or <span class=\"_ _2\"></span>sale) were expensed<span class=\"_ _2\"></span> as incurred.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 73px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 78px; width: 349px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yc7b ffca fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.6<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Goodw<span class=\"_ _2\"></span>ill and</span> <span class=\"lse0 wsf0\">other intangi<span class=\"_ _2b\"></span>ble a<span class=\"lsfb wsfa\">sse<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 x7 h55 yc7c ffcc fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7d ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>et is an ident<span class=\"_ _0\"></span>ifiable n<span class=\"_ _2b\"></span>on<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">mon<span class=\"_ _0\"></span>etary as<span class=\"_ _0\"></span>set and <span class=\"_ _0\"></span>is </span></div>\n<div class=\"t m0 x7 h4f yc7e ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span>f, and only if<span class=\"_ _2\"></span>, it will genera<span class=\"_ _2\"></span>te future economic <span class=\"_ _2\"></span>benefits and if</div>\n<div class=\"t m0 x7 h4f yc7f ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the cost of the<span class=\"_ _2\"></span> asset can be measured reliab<span class=\"_ _2\"></span>ly.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc80 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc81 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s are recorde<span class=\"_ _0\"></span>d on the <span class=\"_ _0\"></span>sta<span class=\"wsf0\">teme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition at </span></div>\n<div class=\"t m0 x7 h4f yc82 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cost less an<span class=\"_ _0\"></span>y accumu<span class=\"_ _2b\"></span>lated amortisat<span class=\"_ _0\"></span>ion and any ac<span class=\"_ _2b\"></span>cumulated</div>\n<div class=\"t m0 x7 h4f yc83 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>ses. Th<span class=\"_ _0\"></span>e residu<span class=\"_ _0\"></span>al valu<span class=\"_ _2b\"></span>e and the usefu<span class=\"_ _0\"></span>l life of<span class=\"_ _0\"></span> intang<span class=\"_ _0\"></span>ible</div>\n<div class=\"t m0 x7 h4f yc84 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>re reviewed at e<span class=\"_ _0\"></span>ach year<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">end.</span> </span></div>\n<div class=\"t m0 x7 h4f yc85 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y887 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s with definit<span class=\"_ _0\"></span>e lives<span class=\"_ _0\"></span> are <span class=\"lse2 ws103\">amortised over their estim<span class=\"_ _2\"></span>ated </span></div>\n<div class=\"t m0 x7 h4f y888 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e using the straight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">line m<span class=\"_ _2b\"></span>ethod. Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _2b\"></span>ets with indef<span class=\"_ _0\"></span>inite </span></span></div>\n<div class=\"t m0 x7 h4f y889 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lives, suc<span class=\"_ _0\"></span>h as goodwi<span class=\"_ _2b\"></span>ll, are not amortis<span class=\"_ _0\"></span>ed, but are i<span class=\"_ _0\"></span>nstead test<span class=\"_ _0\"></span>ed for</div>\n<div class=\"t m0 x7 h4f y88a ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent at least<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ann<span class=\"_ _0\"></span>ually. Any<span class=\"_ _0\"></span> impairm<span class=\"_ _0\"></span>ent loss id<span class=\"_ _0\"></span>entifie<span class=\"_ _0\"></span>d is</div>\n<div class=\"t m0 x7 h4f y88b ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span><span class=\"lse0\">n th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h55 y9a5 ffcc fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Value of<span class=\"_ _2\"></span> business acquired (VO<span class=\"_ _2\"></span>BA)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9a6 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Value of <span class=\"_ _0\"></span>busines<span class=\"_ _2b\"></span>s acquired re<span class=\"_ _0\"></span>present<span class=\"_ _0\"></span>s the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _2b\"></span>n the fair</div>\n<div class=\"t m0 x7 h4f y9a7 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value at acq<span class=\"_ _0\"></span>uisiti<span class=\"_ _0\"></span>on date meas<span class=\"_ _0\"></span>ured usi<span class=\"_ _0\"></span>ng the <span class=\"lse2 wsf1\">Ageas's accoun<span class=\"_ _2\"></span>ting </span></div>\n<div class=\"t m0 x7 h4f y9a8 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span> and th<span class=\"_ _0\"></span>e subseq<span class=\"_ _0\"></span>uent c<span class=\"_ _0\"></span>arrying <span class=\"_ _0\"></span>value of a<span class=\"_ _0\"></span> portfo<span class=\"_ _0\"></span>lio of ins<span class=\"_ _2b\"></span><span class=\"wsef\">urance </span></div>\n<div class=\"t m0 x7 h4f y9a9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and inve<span class=\"_ _0\"></span>stment c<span class=\"_ _2b\"></span>ontracts acq<span class=\"_ _0\"></span>uired in <span class=\"_ _2b\"></span>a business or p<span class=\"_ _0\"></span>ortfol<span class=\"_ _0\"></span>io acqui<span class=\"_ _0\"></span>sition.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9aa ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9ab ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">VOBA is re<span class=\"_ _2\"></span>cognised as an i<span class=\"_ _2\"></span>ntangible asset and<span class=\"_ _2\"></span> is amortised ov<span class=\"_ _2\"></span>er the</div>\n<div class=\"t m0 x7 h4f y9ac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income rec<span class=\"_ _2b\"></span>ognition perio<span class=\"_ _0\"></span>d of the portf<span class=\"_ _2b\"></span>olio of contracts ac<span class=\"_ _2b\"></span>quired. Each</div>\n<div class=\"t m0 x7 h4f y9ad ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting date<span class=\"_ _2\"></span>, VOBA is part of the<span class=\"ls0 ws0\"> <span class=\"lse1 ws104\">liability adequacy test to assess </span></span></div>\n<div class=\"t m0 x7 h4f y9ae ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">whether t<span class=\"_ _0\"></span>he liabil<span class=\"_ _0\"></span>ities aris<span class=\"_ _0\"></span>ing from in<span class=\"_ _0\"></span>suranc<span class=\"_ _0\"></span>e and inves<span class=\"_ _0\"></span>tment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y9af ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are adequat<span class=\"_ _2\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yc86 ffcc fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Intern<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>ntangib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc87 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intern<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>ntangib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets are c<span class=\"_ _0\"></span>apitalis<span class=\"_ _2b\"></span>ed when Ageas c<span class=\"_ _2b\"></span>an</div>\n<div class=\"t m0 x7 h4f yc88 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rate all of<span class=\"_ _0\"></span> the fol<span class=\"ls102 ws11d\">lowing:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc89 ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">The technical f<span class=\"_ _2b\"></span>easibility of <span class=\"_ _2b\"></span>completing the<span class=\"_ _2b\"></span> intangible as<span class=\"_ _0\"></span>set so t<span class=\"_ _0\"></span>hat it </span></span></div>\n<div class=\"t m0 x43 h4f yc8a ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">will be availab<span class=\"_ _2\"></span>le for use or sale;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8b ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">Its intention t<span class=\"_ _2b\"></span>o complete the <span class=\"_ _0\"></span>intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span> and us<span class=\"_ _0\"></span>e or sel<span class=\"_ _0\"></span>l it;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yc8c ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsf0\">Its ability to use or sel<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e intangib<span class=\"_ _2b\"></span>le asset;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yc8d ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca ls104 ws136\">How the <span class=\"lse2 ws103\">intangible<span class=\"_ _2\"></span> asset will generate probable<span class=\"_ _2\"></span> future economic </span></span></span></div>\n<div class=\"t m0 x43 h4f yc8e ffca fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8f ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsf0\">The availabilit<span class=\"_ _0\"></span>y of adequat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>tec<span class=\"_ _2b\"></span>hnical, financ<span class=\"_ _2b\"></span>ial and other resour<span class=\"_ _0\"></span>ces </span></span></div>\n<div class=\"t m0 x43 h4f yc90 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to comp<span class=\"_ _0\"></span>lete th<span class=\"_ _0\"></span>e develo<span class=\"_ _0\"></span>pment an<span class=\"_ _0\"></span>d to use <span class=\"_ _2b\"></span>or sell the inta<span class=\"_ _2b\"></span>ngible asset<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x43 h4f yc91 ffca fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc92 ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse2 ws103\">It<span class=\"_ _2\"></span>s ability to measure relia<span class=\"_ _2\"></span>bly the expenditure</span><span class=\"ffca\"> <span class=\"lse0 wsfa\">attributable<span class=\"_ _0\"></span> to the </span></span></span></div>\n<div class=\"t m0 x43 h4f yc93 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset during its dev<span class=\"_ _2b\"></span>elopment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a4 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Only inta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>sets aris<span class=\"_ _2b\"></span>ing from develop<span class=\"_ _0\"></span>ment are ca<span class=\"_ _0\"></span>pitalis<span class=\"_ _0\"></span>ed. All</div>\n<div class=\"t m0 x1a h4f y8a5 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other internal<span class=\"_ _2\"></span>ly generated intangible ass<span class=\"_ _2\"></span>ets are not capitalised<span class=\"_ _2\"></span> and</div>\n<div class=\"t m0 x1a h4f y8a6 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expendit<span class=\"_ _2b\"></span>ure is reflec<span class=\"_ _0\"></span>ted in th<span class=\"_ _2b\"></span>e income statem<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he<span class=\"ls0 ws0\"> </span>year in w<span class=\"_ _2b\"></span>hich the</div>\n<div class=\"t m0 x1a h4f yc95 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">expenditure <span class=\"_ _2\"></span>is incurred.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y8a8 ffcc fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a9 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Software for compu<span class=\"_ _2\"></span>ter hardware that canno<span class=\"_ _2\"></span>t operate without that</div>\n<div class=\"t m0 x1a h4f y8aa ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">specific sof<span class=\"_ _2\"></span>tware, such as the operating s<span class=\"_ _2\"></span>ystem, is an integral part o<span class=\"_ _2\"></span>f the</div>\n<div class=\"t m0 x1a h4f y8ab ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related h<span class=\"_ _0\"></span>ardwar<span class=\"_ _0\"></span>e and is treate<span class=\"_ _2b\"></span>d as property, plant an<span class=\"_ _2b\"></span>d equipmen<span class=\"lsf4 ws0\">t. If the </span></div>\n<div class=\"t m0 x1a h4f y8ac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">softwa<span class=\"_ _0\"></span>re is not an inte<span class=\"_ _0\"></span>gral part of<span class=\"_ _0\"></span> the relat<span class=\"_ _0\"></span>ed hardwar<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>the c<span class=\"_ _0\"></span>osts</div>\n<div class=\"t m0 x1a h4f y8ad ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d during th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>deve<span class=\"_ _2b\"></span>lopment phase,<span class=\"_ _0\"></span> for which A<span class=\"_ _0\"></span>geas can</div>\n<div class=\"t m0 x1a h4f y8ae ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rate all of<span class=\"_ _0\"></span> the above<span class=\"ls0 ws0\">-</span>ment<span class=\"_ _2b\"></span>ioned criteria,<span class=\"_ _0\"></span> are capit<span class=\"_ _0\"></span>alised as an</div>\n<div class=\"t m0 x1a h4f y8af ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset and are amort<span class=\"_ _0\"></span>ised over t<span class=\"_ _0\"></span>heir est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>eful life usi<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y8b0 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the straight<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">line m<span class=\"_ _0\"></span>ethod. In g<span class=\"_ _2b\"></span>eneral, such softw<span class=\"_ _0\"></span>are is amort<span class=\"_ _0\"></span>ised ove<span class=\"_ _0\"></span>r a </span></span></div>\n<div class=\"t m0 x1a h4f y8b1 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">maximum of <span class=\"_ _2\"></span>5 years.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yc96 ffcc fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc97 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es, such as parkin<span class=\"_ _0\"></span>g concess<span class=\"_ _0\"></span>ions,</div>\n<div class=\"t m0 x1a h4f yc98 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">trademarks an<span class=\"_ _2\"></span>d licenses,<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">are generall<span class=\"_ _0\"></span>y amortise<span class=\"_ _0\"></span>d over thei<span class=\"_ _0\"></span>r estimat<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x1a h4f yc99 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful liv<span class=\"_ _2b\"></span>es using the straight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">line <span class=\"_ _0\"></span>method.<span class=\"_ _0\"></span> Intang<span class=\"_ _2b\"></span>ible assets wit<span class=\"_ _2b\"></span>h finite </span></span></div>\n<div class=\"t m0 x1a h4f yc9a ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lives are r<span class=\"_ _0\"></span>eviewed f<span class=\"_ _0\"></span>or indicat<span class=\"_ _2b\"></span>ors of impairment at<span class=\"_ _0\"></span> each report<span class=\"_ _0\"></span>ing date.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc9b ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc9c ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Car park co<span class=\"_ _0\"></span>ncessi<span class=\"_ _0\"></span>ons are reco<span class=\"_ _0\"></span>gnised<span class=\"_ _0\"></span> as intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span>s when <span class=\"lse2 wsf1\">Ageas </span></div>\n<div class=\"t m0 x1a h4f y8b9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has the ri<span class=\"_ _2b\"></span>ght to charge f<span class=\"_ _0\"></span>or the us<span class=\"_ _2b\"></span>age of the conc<span class=\"_ _0\"></span>ession i<span class=\"_ _2b\"></span>nfrastructure.<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x1a h4f y8ba ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _0\"></span>et receiv<span class=\"_ _2b\"></span>ed is measured at fair val<span class=\"_ _2b\"></span>ue at initial</div>\n<div class=\"t m0 x1a h4f y8bb ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>, as consideration <span class=\"_ _2\"></span>for providing cons<span class=\"_ _2\"></span>truction or upgrade<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc9d ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s in a serv<span class=\"_ _2b\"></span>ice concessi<span class=\"_ _0\"></span>on arran<span class=\"_ _0\"></span>gement.<span class=\"_ _0\"></span> The ap<span class=\"_ _0\"></span>plicabl<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yc9e ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is determ<span class=\"_ _0\"></span>ined by ref<span class=\"_ _0\"></span>erence to th<span class=\"_ _0\"></span>e fair value of<span class=\"_ _0\"></span> the const<span class=\"_ _0\"></span>ruction or</div>\n<div class=\"t m0 x1a h4f yc9f ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">upgrade servic<span class=\"_ _2\"></span>es provided. Subsequent to in<span class=\"_ _2\"></span>itial recognition, the car<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yca0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">park conc<span class=\"_ _0\"></span>essions<span class=\"_ _0\"></span> are measu<span class=\"_ _0\"></span>red at cost les<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>any ac<span class=\"_ _2b\"></span>cumulated</div>\n<div class=\"t m0 x1a h4f yca1 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ation and a<span class=\"_ _0\"></span>ny accumu<span class=\"_ _2b\"></span>lated impairme<span class=\"_ _0\"></span>nt losses. T<span class=\"_ _2b\"></span>he estimated</div>\n<div class=\"t m0 x1a h4f yca2 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>an int<span class=\"_ _2b\"></span>angible asset in a se<span class=\"_ _0\"></span>rvice conc<span class=\"_ _2b\"></span>ession arrange<span class=\"_ _0\"></span>ment is</div>\n<div class=\"t m0 x1a h4f yca3 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the peri<span class=\"_ _0\"></span>od that st<span class=\"_ _2b\"></span>arts at the ti<span class=\"_ _2b\"></span>me Ageas is ab<span class=\"_ _0\"></span>le to cha<span class=\"_ _0\"></span>rge for t<span class=\"_ _0\"></span>he use of</div>\n<div class=\"t m0 x1a h4f yca4 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the conces<span class=\"_ _2b\"></span>sion infrastru<span class=\"_ _0\"></span>cture unt<span class=\"_ _2b\"></span>il <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e end of the conc<span class=\"_ _2b\"></span>ession period. T<span class=\"_ _0\"></span>h<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f yca5 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent princ<span class=\"_ _0\"></span>iples app<span class=\"_ _0\"></span>lied to car p<span class=\"_ _0\"></span>ark conce<span class=\"_ _0\"></span>ssions ar<span class=\"_ _0\"></span>e the same as</div>\n<div class=\"t m0 x1a h4f yca6 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">those applicable<span class=\"_ _2\"></span> to investment properties<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 536px; height: 304px; width: 354px; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 536px; height: 561px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 656px; width: 354px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yca7 ffca fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yca8 ffcc fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Goodwill from<span class=\"_ _2\"></span> business combinations from<span class=\"_ _2\"></span> 1 January 2010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yca9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">At initi<span class=\"_ _0\"></span>al reco<span class=\"_ _0\"></span>gnition,<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill is me<span class=\"_ _2b\"></span>asured at cost,<span class=\"_ _0\"></span> being t<span class=\"_ _0\"></span>he exces<span class=\"_ _0\"></span>s of</div>\n<div class=\"t m0 x1a h4f ycaa ffca fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">th<span class=\"lse2 ws103\">e fair value<span class=\"_ _2\"></span> of the consideration transferred<span class=\"_ _2\"></span> over: <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ycab ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas's <span class=\"ws103\">share in the ne<span class=\"_ _2\"></span>t identifiable assets acquired<span class=\"_ _2\"></span> and liabilities </span></span></span></div>\n<div class=\"t m0 x6c h4f ycac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assume<span class=\"_ _0\"></span>d; and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycad ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">Net of the fai<span class=\"_ _0\"></span>r value o<span class=\"_ _0\"></span>f any pre<span class=\"_ _2b\"></span>viously held e<span class=\"_ _0\"></span>quity i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> in the </span></span></div>\n<div class=\"t m0 x6c h4f ycae ffca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>e. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycaf ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">After init<span class=\"_ _2b\"></span>ial recognition,<span class=\"_ _0\"></span> goodwi<span class=\"_ _0\"></span>ll is measur<span class=\"_ _0\"></span>ed at cost les<span class=\"_ _0\"></span>s any</div>\n<div class=\"t m0 x1a h4f ycb1 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">accumu<span class=\"_ _0\"></span>lated im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt losses<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 178px; width: 354px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 183px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 692px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f yc94 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ffd1 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll from b<span class=\"_ _0\"></span>usiness c<span class=\"_ _2b\"></span>ombinations pr<span class=\"_ _2b\"></span>ior to <span class=\"lse2\">1 January<span class=\"_ _2\"></span> 2010<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">In comparison wi<span class=\"_ _2\"></span>th the above<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">mentioned<span class=\"_ _2\"></span> requirements, th<span class=\"_ _2\"></span>e following </span></div>\n<div class=\"t m0 x7 h4f y804 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nces apply<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> were acco<span class=\"_ _2b\"></span>unted for using the pu<span class=\"_ _0\"></span>rchase </span></span></div>\n<div class=\"t m0 x43 h4f y806 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">method.<span class=\"_ _0\"></span> Transac<span class=\"_ _0\"></span>tion co<span class=\"_ _2b\"></span>sts directly at<span class=\"_ _2b\"></span>tributable to t<span class=\"_ _0\"></span>he acqu<span class=\"_ _0\"></span>isitio<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x43 h4f y807 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">formed pa<span class=\"_ _2b\"></span>rt <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e acquisit<span class=\"_ _0\"></span>ion costs<span class=\"_ _0\"></span>. The non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">controlling interest </span></span></div>\n<div class=\"t m0 x43 h4f y808 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(formerly known<span class=\"_ _2\"></span> as minority interest) wa<span class=\"_ _2\"></span>s measured at the</div>\n<div class=\"t m0 x43 h4f y809 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ionate s<span class=\"_ _2b\"></span>hare of the ac<span class=\"_ _0\"></span>quiree\u2019s<span class=\"_ _0\"></span> identif<span class=\"_ _2b\"></span>iable net asset<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> achieve<span class=\"_ _0\"></span>d in stages w<span class=\"_ _0\"></span>ere account<span class=\"_ _2b\"></span>ed for as </span></span></div>\n<div class=\"t m0 x43 h4f y80b ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separate steps.<span class=\"_ _2\"></span> Any additional ac<span class=\"lse0 wsf0\">quired shar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>of int<span class=\"_ _0\"></span>erest did n<span class=\"_ _0\"></span>ot </span></div>\n<div class=\"t m0 x43 h4f y80c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">affect pre<span class=\"_ _2\"></span>viously recognised good<span class=\"_ _2\"></span>will.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80d ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsfa\">A contingent c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>ration w<span class=\"_ _2b\"></span>as recognised i<span class=\"_ _2b\"></span>f, and only if<span class=\"_ _0\"></span>, Ageas </span></span></div>\n<div class=\"t m0 x43 h4f y80e ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">had a prese<span class=\"_ _0\"></span>nt obligat<span class=\"_ _0\"></span>ion, eco<span class=\"_ _0\"></span>nomic ou<span class=\"_ _0\"></span>tflow was m<span class=\"_ _0\"></span>ore likely<span class=\"_ _0\"></span> than not</div>\n<div class=\"t m0 x43 h4f y80f ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and a relia<span class=\"_ _0\"></span>ble estim<span class=\"_ _0\"></span>ate was <span class=\"lse2 wsfa\">determinable. Subseq<span class=\"_ _2\"></span>uent adjustments </span></div>\n<div class=\"t m0 x43 h4f y810 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to the cont<span class=\"_ _0\"></span>ingent con<span class=\"_ _2b\"></span>sideration aff<span class=\"_ _0\"></span>ected go<span class=\"_ _0\"></span>odwill.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 y886 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll is an inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _2b\"></span>et <span class=\"_ _2\"></span>wit<span class=\"_ _2b\"></span>h an indefinite lif<span class=\"_ _0\"></span>e and, like al<span class=\"_ _0\"></span>l other</div>\n<div class=\"t m0 x7 h4f y8d0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e lives, the ca<span class=\"_ _0\"></span>rrying val<span class=\"_ _2b\"></span>ue of those</div>\n<div class=\"t m0 x7 h4f y8d1 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e life is assess<span class=\"_ _2b\"></span>ed annually, or mor<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y8d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">frequent<span class=\"_ _2b\"></span>ly, if events o<span class=\"_ _2b\"></span>r changes in ci<span class=\"_ _0\"></span>rcumst<span class=\"_ _2b\"></span>ances indicat<span class=\"_ _0\"></span>e that suc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x7 h4f y8d3 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> value may not b<span class=\"_ _2b\"></span>e recoverabl<span class=\"_ _0\"></span>e. If suc<span class=\"_ _0\"></span>h indicat<span class=\"_ _2b\"></span>ion exists, t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yb28 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt is determined for the c<span class=\"_ _2\"></span>ash<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">ge<span class=\"lse0 wsfa\">nerati<span class=\"_ _0\"></span>ng unit t<span class=\"_ _2b\"></span>o which </span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">goodwil<span class=\"_ _0\"></span>l belongs.<span class=\"_ _0\"></span> This amount<span class=\"_ _0\"></span> is then com<span class=\"_ _2b\"></span>pared to the carryi<span class=\"_ _0\"></span>ng amount</div>\n<div class=\"t m0 x7 h4f yb2a ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the cash<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generati<span class=\"_ _2\"></span>ng unit and an<span class=\"_ _2\"></span> impairment loss i<span class=\"_ _2\"></span>s recognised if <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recover<span class=\"_ _2b\"></span>able amount is l<span class=\"_ _0\"></span>ess tha<span class=\"_ _2b\"></span>n the carrying <span class=\"_ _0\"></span>amount.<span class=\"_ _0\"></span> Impairm<span class=\"_ _2b\"></span>ent losses</div>\n<div class=\"t m0 x7 h4f yb2c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are recogn<span class=\"_ _2\"></span>ised immed<span class=\"ws103\">iately in the inc<span class=\"_ _2\"></span>ome statement.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yb2d ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y962 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the event<span class=\"_ _0\"></span> of an impair<span class=\"_ _2b\"></span>ment loss, Ageas fi<span class=\"_ _0\"></span>rst reduc<span class=\"_ _0\"></span>es the carry<span class=\"_ _2b\"></span>ing</div>\n<div class=\"t m0 x7 h4f y963 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill all<span class=\"_ _0\"></span>ocated t<span class=\"_ _0\"></span>o the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span><span class=\"lse2\">generating<span class=\"_ _2\"></span> unit and then<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y964 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reduces t<span class=\"_ _0\"></span>he other ass<span class=\"_ _0\"></span>ets in the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generating un<span class=\"_ _2\"></span>it pro</span>-</span>rata on the</div>\n<div class=\"t m0 x7 h4f y965 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">basis of t<span class=\"_ _2b\"></span>he carrying a<span class=\"_ _0\"></span>mount of<span class=\"_ _0\"></span> each as<span class=\"_ _0\"></span>set in t<span class=\"_ _2b\"></span>he cash generat<span class=\"_ _0\"></span>ing un<span class=\"_ _0\"></span>it.</div>\n<div class=\"t m0 x7 h4f y966 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Previou<span class=\"_ _0\"></span>sly reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _2b\"></span>pairment losses r<span class=\"_ _0\"></span>elating t<span class=\"_ _0\"></span>o goodwil<span class=\"_ _0\"></span>l are not</div>\n<div class=\"t m0 x7 h4f y967 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reversed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 268px; width: 349px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 525px; width: 349px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 530px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 535px; width: 349px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y898 ffcf fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.7 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Lea<span class=\"_ _2\"></span>sed</span> <span class=\"lse0 wsef\">assets<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 y9b2 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas as a<span class=\"_ _2\"></span> lessor<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9b3 ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Assets leas<span class=\"_ _2\"></span>ed under an oper<span class=\"_ _2\"></span>ating lease are rec<span class=\"_ _2\"></span>orded on <span class=\"wsf1\">the<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y9b4 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of financial po<span class=\"_ _2\"></span>sition under \u2018investment prope<span class=\"_ _2\"></span>rty\u2019 (buildings) and</div>\n<div class=\"t m0 x7 h4f y9b5 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">\u2018prope<span class=\"_ _0\"></span>rty, plant<span class=\"_ _0\"></span> and equipme<span class=\"_ _2b\"></span>nt\u2019 (equipment an<span class=\"_ _0\"></span>d motor veh<span class=\"_ _0\"></span>icles). T<span class=\"_ _2b\"></span>hose</div>\n<div class=\"t m0 x7 h4f y9b6 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>re recorded at<span class=\"_ _0\"></span> cost less<span class=\"_ _2b\"></span> accumulated <span class=\"_ _0\"></span>depreci<span class=\"_ _0\"></span>ation.<span class=\"_ _0\"></span> Rental</div>\n<div class=\"t m0 x7 h4f y9b7 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income,<span class=\"_ _0\"></span> net of any inc<span class=\"_ _0\"></span>entives<span class=\"_ _0\"></span> given to less<span class=\"lse2 wsfa\">ees, is recognised on a<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9b8 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">straight<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">lin<span class=\"_ _0\"></span>e basis ov<span class=\"_ _2b\"></span>er the lease t<span class=\"_ _0\"></span>erm. Init<span class=\"_ _0\"></span>ial dire<span class=\"_ _2b\"></span>ct costs incur<span class=\"_ _2b\"></span>red by </span></span></div>\n<div class=\"t m0 x7 h4f y9b9 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas a<span class=\"_ _0\"></span>re added t<span class=\"_ _2b\"></span>o the carryin<span class=\"_ _0\"></span>g amount<span class=\"_ _0\"></span> of the l<span class=\"_ _0\"></span>eased a<span class=\"_ _0\"></span>sset and a<span class=\"_ _2b\"></span>re</div>\n<div class=\"t m0 x7 h4f y9ba ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as an<span class=\"_ _2b\"></span> expense over t<span class=\"_ _2b\"></span>he lease term o<span class=\"_ _0\"></span>n the sa<span class=\"_ _2b\"></span>me basis as the</div>\n<div class=\"t m0 x7 h4f y9bb ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rental inc<span class=\"_ _2b\"></span>ome.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d4 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d5 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">also entere<span class=\"_ _0\"></span>d into fi<span class=\"_ _0\"></span>nance l<span class=\"_ _0\"></span>ease tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _2b\"></span>ns, in which </span></span></div>\n<div class=\"t m0 x7 h4f y8d6 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">substant<span class=\"_ _2b\"></span>ially all the risks an<span class=\"_ _0\"></span>d rewards re<span class=\"_ _0\"></span>lated to ow<span class=\"_ _0\"></span>nershi<span class=\"_ _2b\"></span>p <span class=\"_ _2\"></span>of the le<span class=\"_ _2b\"></span>ased</div>\n<div class=\"t m0 x7 h4f y8d7 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets, <span class=\"_ _0\"></span>other t<span class=\"_ _0\"></span>han the l<span class=\"_ _0\"></span>egal tit<span class=\"_ _0\"></span>le, are t<span class=\"_ _2b\"></span>ransferred t<span class=\"_ _0\"></span>o the <span class=\"lse2 wsf1\">lessee<span class=\"lsf4 ws114\">. Assets </span></span></div>\n<div class=\"t m0 x1a h4f y8d8 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">leased u<span class=\"_ _0\"></span>nder a f<span class=\"_ _0\"></span>inance l<span class=\"_ _0\"></span>ease ar<span class=\"_ _0\"></span>e present<span class=\"_ _2b\"></span>ed as a rec<span class=\"wsf0\">eiv<span class=\"_ _0\"></span>able at an </span></div>\n<div class=\"t m0 x1a h4f y8d9 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount e<span class=\"_ _2b\"></span>qual to the net <span class=\"_ _2b\"></span>investment in<span class=\"_ _0\"></span> the leas<span class=\"_ _0\"></span>e. The n<span class=\"_ _0\"></span>et invest<span class=\"_ _2b\"></span>ment in</div>\n<div class=\"t m0 x1a h4f y9bc ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the leas<span class=\"_ _0\"></span>e compr<span class=\"_ _0\"></span>ises th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>e of the l<span class=\"_ _2b\"></span>ease payments<span class=\"_ _0\"></span> and any<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y9bd ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value <span class=\"_ _0\"></span>guarant<span class=\"_ _0\"></span>ee. Th<span class=\"_ _0\"></span>e differe<span class=\"_ _2b\"></span>nce between th<span class=\"_ _2b\"></span>e asset and th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y9be ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value of<span class=\"_ _0\"></span> the rec<span class=\"_ _0\"></span>eivabl<span class=\"_ _0\"></span>e is r<span class=\"wsf0\">ecog<span class=\"_ _2b\"></span>nised as unearned f<span class=\"_ _0\"></span>inance </span></div>\n<div class=\"t m0 x1a h4f y9bf ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">income. Finance<span class=\"_ _2\"></span> income is recognised over<span class=\"_ _2\"></span> the term of the lease based</div>\n<div class=\"t m0 x1a h4f y9c0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on a patter<span class=\"_ _0\"></span>n reflect<span class=\"_ _0\"></span>ing a consta<span class=\"_ _0\"></span>nt period<span class=\"_ _2b\"></span>ic rate of return on th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y9c1 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding net <span class=\"_ _0\"></span>invest<span class=\"_ _2b\"></span>ment in the fin<span class=\"_ _0\"></span>ance le<span class=\"_ _0\"></span>ase. Init<span class=\"_ _2b\"></span>ial direct cost<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f y97e ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d by Ageas ar<span class=\"lse2 wsfa\">e included in the i<span class=\"_ _2\"></span>nitial measurement o<span class=\"_ _2\"></span>f the net </span></div>\n<div class=\"t m0 x1a h4f y97f ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent in the lease and redu<span class=\"_ _2b\"></span>ce the amount of inc<span class=\"_ _0\"></span>ome recog<span class=\"_ _0\"></span>nised</div>\n<div class=\"t m0 x1a h4f y980 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">over th<span class=\"_ _0\"></span>e lease t<span class=\"_ _0\"></span>erm.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 ycb4 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas as a<span class=\"_ _2\"></span> lessee<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycb5 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas l<span class=\"_ _0\"></span>eases lan<span class=\"_ _2b\"></span>d, buildings, e<span class=\"_ _2b\"></span>quipment an<span class=\"_ _0\"></span>d motor ve<span class=\"_ _2b\"></span>hicles. The l<span class=\"_ _0\"></span>ease</div>\n<div class=\"t m0 x1a h4f ycb6 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">terms are n<span class=\"_ _0\"></span>egotiat<span class=\"_ _2b\"></span>ed on an individual<span class=\"_ _0\"></span> basis and cont<span class=\"_ _0\"></span>ain a wide ran<span class=\"_ _0\"></span>ge of</div>\n<div class=\"t m0 x1a h4f ycb7 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">different term<span class=\"_ _2\"></span>s and conditions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y985 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y986 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A <span class=\"lse2 ws103\">si<span class=\"_ _2\"></span>ngle measurement model applie<span class=\"_ _2\"></span>s to assets leased under bot<span class=\"_ _2\"></span>h </span></div>\n<div class=\"t m0 x1a h4f y987 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operating and f<span class=\"_ _2\"></span>inance lease transactions, re<span class=\"_ _2\"></span>sulting in the recognition of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y988 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a right<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">use asset and a leas<span class=\"_ _2b\"></span>e liability.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y989 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y98a ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liability com<span class=\"_ _0\"></span>prises t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _2b\"></span>e of followin<span class=\"_ _0\"></span>g lease</div>\n<div class=\"t m0 x1a h4f y98b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s that a<span class=\"_ _0\"></span>re not p<span class=\"_ _0\"></span>aid at t<span class=\"_ _0\"></span>he comme<span class=\"_ _0\"></span>ncement<span class=\"_ _0\"></span> date, <span class=\"_ _0\"></span>includi<span class=\"_ _0\"></span>ng leas<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y98c ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s to be made u<span class=\"_ _0\"></span>nder reaso<span class=\"_ _2b\"></span>nably certain exte<span class=\"_ _2b\"></span>nsion options:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98d ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 ws103\">F<span class=\"_ _2\"></span>ixed payments (including in</span><span class=\"ffcf\">-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">substance fixed pa<span class=\"_ _2\"></span>yments) <span class=\"ws103\">less any </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y98e ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease incentiv<span class=\"_ _2\"></span>es receivable;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98f ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 wsfa\">Va<span class=\"_ _2\"></span>riable lease paym<span class=\"_ _2\"></span>ents that depend <span class=\"_ _2\"></span>on an index or<span class=\"_ _2\"></span> a rate, initiall<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x6c h4f y990 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d using th<span class=\"_ _0\"></span>e index or rate as<span class=\"_ _0\"></span> at the comm<span class=\"_ _0\"></span>encement<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>dat<span class=\"_ _0\"></span>e;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y991 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Amounts expect<span class=\"_ _0\"></span>ed to be payab<span class=\"_ _2b\"></span>le by Ageas under res<span class=\"_ _0\"></span>idual va<span class=\"_ _0\"></span>lue </span></span></div>\n<div class=\"t m0 x6c h4f y992 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">guarantees;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y993 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">The exercise p<span class=\"lse2 wsfa\">rice of a purchas<span class=\"_ _2\"></span>e option if Ageas<span class=\"_ _2\"></span> is reasonably </span></span></span></div>\n<div class=\"t m0 x6c h4f y994 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n to exercis<span class=\"_ _0\"></span>e that opt<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f y995 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 ws103\">Pa<span class=\"_ _2\"></span>yments of penalties for<span class=\"_ _2\"></span> terminating the lease, if the<span class=\"_ _2\"></span> lease term </span></span></div>\n<div class=\"t m0 x6c h4f y996 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflects<span class=\"_ _0\"></span> Ageas exe<span class=\"_ _0\"></span>rcisin<span class=\"_ _0\"></span>g that optio<span class=\"_ _0\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y997 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c8 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liability is<span class=\"_ _0\"></span> discount<span class=\"_ _2b\"></span>ed applying th<span class=\"_ _0\"></span>e intere<span class=\"_ _2b\"></span>st rate implic<span class=\"_ _0\"></span>it in the<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y9c9 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease. If that ra<span class=\"_ _2\"></span>te cannot be readily determi<span class=\"_ _2\"></span>ned, <span class=\"wsf1\">Ageas's <span class=\"lse0 wsef\">increment<span class=\"_ _0\"></span>al </span></span></div>\n<div class=\"t m0 x1a h4f y9ca ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowing r<span class=\"_ _2\"></span>ate is applied. A<span class=\"_ _2\"></span>s incremental borro<span class=\"_ _2\"></span>wing rate, Ageas<span class=\"_ _2\"></span> applies</div>\n<div class=\"t m0 x1a h4f y9cb ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a globa<span class=\"_ _0\"></span>l availa<span class=\"_ _0\"></span>ble comp<span class=\"_ _0\"></span>osite cu<span class=\"_ _0\"></span>rve, whic<span class=\"_ _2b\"></span>h is based on a <span class=\"_ _0\"></span>sample of</div>\n<div class=\"t m0 x1a h4f y9cc ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">existing secondar<span class=\"_ _2\"></span>y bonds from fina<span class=\"lse0 wsf0\">ncial issu<span class=\"_ _0\"></span>ers in the A rang<span class=\"_ _2b\"></span>e, </span></div>\n<div class=\"t m0 x1a h4f y9cd ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed by a risk premium. F<span class=\"_ _0\"></span>or car parks<span class=\"_ _0\"></span>, a risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">free rate equal to the<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f y9ce ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate swap f<span class=\"_ _0\"></span>or a similar du<span class=\"_ _0\"></span>ration,<span class=\"_ _0\"></span> increase<span class=\"_ _2b\"></span>d by a risk premium, is</div>\n<div class=\"t m0 x1a h4f y9cf ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">applied. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9d0 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d1 ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The carryin<span class=\"_ _2\"></span>g amount of the<span class=\"_ _2\"></span> lease liability s<span class=\"_ _2\"></span>ubsequently increases<span class=\"_ _2\"></span> <span class=\"lsf4 ws10c\">to </span></div>\n<div class=\"t m0 x1a h4f y9d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reflect i<span class=\"_ _2b\"></span>nterest on the <span class=\"_ _0\"></span>lease l<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> and red<span class=\"_ _2b\"></span>uces to reflect<span class=\"_ _2b\"></span> the lease</div>\n<div class=\"t m0 x1a h4f y9d3 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s made. The l<span class=\"_ _0\"></span>ease liabi<span class=\"_ _2b\"></span>lity is remeasur<span class=\"_ _0\"></span>ed in order to r<span class=\"_ _2b\"></span>eflect</div>\n<div class=\"t m0 x1a h4f y9d4 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease mod<span class=\"_ _2b\"></span>ifications or chan<span class=\"_ _2b\"></span>ges in the lease payme<span class=\"_ _0\"></span>nts, inc<span class=\"_ _0\"></span>luding a</div>\n<div class=\"t m0 x1a h4f y9d5 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">change i<span class=\"_ _0\"></span>n an inde<span class=\"_ _2b\"></span>x or a rate use<span class=\"_ _0\"></span>d to dete<span class=\"_ _0\"></span>rmin<span class=\"wsf0\">e thos<span class=\"_ _2b\"></span>e payments. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 766px; width: 349px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 247px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 349px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 252px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>erest on t<span class=\"_ _2b\"></span>he lease lia<span class=\"_ _0\"></span>bility i<span class=\"_ _0\"></span>n each per<span class=\"_ _2b\"></span>iod represent<span class=\"_ _0\"></span>s the amo<span class=\"_ _2b\"></span>unt</div>\n<div class=\"t m0 x7 h4f y803 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that pr<span class=\"_ _0\"></span>oduces a c<span class=\"_ _2b\"></span>onstant perio<span class=\"_ _2b\"></span>dic rate of int<span class=\"_ _0\"></span>erest o<span class=\"_ _0\"></span>n the rem<span class=\"_ _0\"></span>aining</div>\n<div class=\"t m0 x7 h4f y804 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">balance of<span class=\"_ _0\"></span> the lease li<span class=\"_ _2b\"></span>ability. The inte<span class=\"_ _0\"></span>rest on the le<span class=\"_ _0\"></span>ase <span class=\"ls106 ws115\">liabi<span class=\"_ _0\"></span>lity is </span></div>\n<div class=\"t m0 x7 h4f y805 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent, together <span class=\"_ _0\"></span>with th<span class=\"_ _0\"></span>e varia<span class=\"_ _0\"></span>ble leas<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y806 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s not inclu<span class=\"_ _0\"></span>ded in the meas<span class=\"_ _2b\"></span>urement of the leas<span class=\"_ _2b\"></span>e liability in the</div>\n<div class=\"t m0 x7 h4f y807 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period in<span class=\"_ _2\"></span> which the event or<span class=\"_ _2\"></span> condition that <span class=\"_ _2\"></span>triggers those p<span class=\"_ _2\"></span>ayments</div>\n<div class=\"t m0 x7 h4f y808 ffd4 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">occurs.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The right<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse1 ws11d\">use asset is <span class=\"_ _2\"></span><span class=\"ls102\">initially <span class=\"lse0 wsfa\">measured at c<span class=\"_ _2b\"></span>ost and compri<span class=\"_ _0\"></span>ses the </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y80b ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">initial l<span class=\"_ _2b\"></span>ease liability<span class=\"_ _2b\"></span> recognised, <span class=\"_ _0\"></span>adjusted <span class=\"_ _0\"></span>for any<span class=\"_ _0\"></span> lease p<span class=\"_ _0\"></span>ayments<span class=\"_ _0\"></span> made</div>\n<div class=\"t m0 x7 h4f y80c ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at or befor<span class=\"_ _0\"></span>e the comme<span class=\"_ _0\"></span>ncement<span class=\"_ _0\"></span> of the lease, any<span class=\"_ _0\"></span> lease ince<span class=\"_ _2b\"></span>ntives</div>\n<div class=\"t m0 x7 h4f y80d ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d, <span class=\"_ _2\"></span>any i<span class=\"_ _2b\"></span>nitial direct costs<span class=\"_ _0\"></span> incurr<span class=\"_ _0\"></span>ed by Ageas an<span class=\"_ _0\"></span>d an estim<span class=\"_ _0\"></span>ate of</div>\n<div class=\"t m0 x7 h4f y80e ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">t<span class=\"lse0 wsfa\">he costs t<span class=\"_ _0\"></span>o be inc<span class=\"_ _0\"></span>urred in <span class=\"_ _0\"></span>dismant<span class=\"_ _0\"></span>ling an<span class=\"_ _0\"></span>d removi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nderly<span class=\"_ _0\"></span>ing </span></div>\n<div class=\"t m0 x7 h4f y80f ffd4 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">asset. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y810 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90a ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subsequently,<span class=\"_ _2\"></span> the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsf0\">use asset is meas<span class=\"_ _0\"></span>ured at cost<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>less<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y90b ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accumu<span class=\"_ _0\"></span>lated dep<span class=\"_ _0\"></span>reciat<span class=\"_ _0\"></span>ion and any i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent losses.<span class=\"_ _0\"></span> The right<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsef\">use </span></span></div>\n<div class=\"t m0 x7 h4f y90c ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">asset is<span class=\"_ _0\"></span> deprec<span class=\"_ _0\"></span>iated o<span class=\"_ _0\"></span>n a strai<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">line basis over the s<span class=\"_ _0\"></span>horter of t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y90d ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset\u2019s<span class=\"_ _0\"></span> useful lif<span class=\"_ _0\"></span>e and the leas<span class=\"_ _0\"></span>e term. Simi<span class=\"_ _0\"></span>lar to othe<span class=\"_ _0\"></span>r non<span class=\"ls0 ws0\">-</span><span class=\"wsef\">financ<span class=\"_ _2b\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y90e ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets, a ri<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">use asset is impaired when<span class=\"_ _2\"></span> its carrying amount </span></span></span></div>\n<div class=\"t m0 x7 h4f y90f ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">exceeds it<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">recov<span class=\"_ _0\"></span>erable a<span class=\"_ _0\"></span>mount. Th<span class=\"_ _0\"></span>e depreci<span class=\"_ _0\"></span>ation of the ri<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">us<span class=\"_ _2\"></span>e </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y910 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset and r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion of any<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">imp<span class=\"_ _0\"></span>airment<span class=\"_ _0\"></span> loss is <span class=\"_ _0\"></span>recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y911 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y912 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y913 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In case of<span class=\"_ _2b\"></span> remeasurem<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e lease l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>y<span class=\"ls0 ws0\">, </span><span class=\"wsf0\">to reflect leas<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y914 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">modification<span class=\"_ _2\"></span>s or changes in the lease payment<span class=\"_ _2\"></span>s, the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsf0\">use asset is </span></span></div>\n<div class=\"t m0 x7 h4f y915 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed for this<span class=\"_ _0\"></span> reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y916 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y917 ffd4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">measurement<span class=\"_ _0\"></span> model abo<span class=\"_ _0\"></span>ve is not app<span class=\"_ _0\"></span>lied to leas<span class=\"_ _0\"></span>es of asset<span class=\"_ _0\"></span> that are </span></div>\n<div class=\"t m0 x7 h4f y918 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of low v<span class=\"_ _0\"></span>alue to A<span class=\"_ _0\"></span>geas or t<span class=\"_ _2b\"></span>o short<span class=\"ls0 ws0\">-</span>term leas<span class=\"_ _0\"></span>es, of wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e lease t<span class=\"_ _0\"></span>erm at</div>\n<div class=\"t m0 x7 h4f y919 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">commenc<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> the lea<span class=\"_ _0\"></span>se is 12 m<span class=\"_ _2b\"></span>onths or less. F<span class=\"_ _2b\"></span>or those leas<span class=\"_ _0\"></span>es, the</div>\n<div class=\"t m0 x7 h4f y91a ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease paym<span class=\"_ _2b\"></span>ents made are rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d as an expe<span class=\"wsfa\">ns<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e income </span></div>\n<div class=\"t m0 x7 h4f y91b ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt on a <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>raight<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">lin<span class=\"_ _0\"></span>e basis ov<span class=\"_ _2b\"></span>er the lease t<span class=\"_ _0\"></span>erm<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 514px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 519px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 524px; width: 354px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1a h55 y981 ffd6 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments on<span class=\"_ _2\"></span> <span class=\"wsf1\">loans<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y982 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A credit risk for<span class=\"_ _2\"></span> a specific loan impairment<span class=\"_ _2\"></span> is established if there is</div>\n<div class=\"t m0 x1a h4f y983 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve evidenc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>tha<span class=\"_ _0\"></span>t Ageas wil<span class=\"_ _0\"></span>l not be able to col<span class=\"_ _0\"></span>lect all am<span class=\"_ _0\"></span>ounts du<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y984 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in accor<span class=\"_ _2b\"></span>dance with th<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>tual ter<span class=\"_ _2b\"></span>ms. The amount <span class=\"_ _0\"></span>of the i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f y9c2 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is the di<span class=\"_ _2\"></span>fference <span class=\"ws103\">between the<span class=\"_ _2\"></span> carrying amount and the recoverabl<span class=\"_ _2\"></span>e </span></div>\n<div class=\"t m0 x1a h4f y9c3 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount,<span class=\"_ _0\"></span> being t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of ex<span class=\"_ _0\"></span>pected c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws or, a<span class=\"_ _0\"></span>lternativ<span class=\"_ _2b\"></span>ely,</div>\n<div class=\"t m0 x1a h4f y9c4 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the collateral<span class=\"_ _2\"></span> value less costs to sell if the<span class=\"_ _2\"></span> loan is secured.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c5 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c6 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An \u2018incurred bu<span class=\"_ _2\"></span>t not reported\u2019 (IBNR) impai<span class=\"_ _2\"></span>rment on loans is recorded<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">when there is<span class=\"_ _2\"></span> objective evidence<span class=\"ls0 ws0\"> </span>tha<span class=\"_ _2\"></span>t incurred losses are present<span class=\"_ _2\"></span> in</div>\n<div class=\"t m0 x1a h4f ycb9 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compone<span class=\"_ _0\"></span>nts of the lo<span class=\"_ _0\"></span>an portf<span class=\"_ _0\"></span>olio, with<span class=\"_ _0\"></span>out havin<span class=\"_ _0\"></span>g specific<span class=\"_ _2b\"></span>ally identified</div>\n<div class=\"t m0 x1a h4f ycba ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impaire<span class=\"_ _0\"></span>d loans. Th<span class=\"_ _0\"></span>is impair<span class=\"_ _2b\"></span>ment is estimated b<span class=\"_ _0\"></span>ased upon<span class=\"_ _0\"></span> historica<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x1a h4f ycbb ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">patter<span class=\"_ _0\"></span>ns of loss<span class=\"_ _2b\"></span>es in each comp<span class=\"_ _0\"></span>onent,<span class=\"_ _0\"></span> reflecti<span class=\"_ _0\"></span>ng the c<span class=\"_ _0\"></span>urrent<span class=\"_ _0\"></span> econom<span class=\"_ _0\"></span>ic</div>\n<div class=\"t m0 x1a h4f ycbc ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">climate <span class=\"_ _0\"></span>in which t<span class=\"_ _2b\"></span>he borrowers <span class=\"_ _0\"></span>operat<span class=\"_ _0\"></span>e and tak<span class=\"_ _0\"></span>ing int<span class=\"_ _0\"></span>o accou<span class=\"_ _0\"></span>nt the ri<span class=\"_ _0\"></span>sk</div>\n<div class=\"t m0 x1a h4f ycbd ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of diffic<span class=\"_ _0\"></span>ulties in se<span class=\"_ _2b\"></span>rvicing extern<span class=\"_ _0\"></span>al debt in so<span class=\"_ _0\"></span>me foreig<span class=\"_ _0\"></span>n countri<span class=\"_ _0\"></span>es based</div>\n<div class=\"t m0 x1a h4f ycbe ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on an assess<span class=\"_ _2b\"></span>ment of the politica<span class=\"_ _0\"></span>l and econo<span class=\"_ _0\"></span>mic situ<span class=\"_ _0\"></span>ation.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbf ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc0 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments are<span class=\"_ _2\"></span> recorded a<span class=\"lse0 wsfa\">s a decr<span class=\"_ _2b\"></span>ease in the car<span class=\"_ _0\"></span>rying v<span class=\"_ _0\"></span>alue of \u2018<span class=\"_ _0\"></span>loans </span></div>\n<div class=\"t m0 x1a h4f ycc1 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to banks\u2019 an<span class=\"_ _0\"></span>d \u2018loans to cus<span class=\"_ _0\"></span>tomers<span class=\"_ _2b\"></span>\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc2 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc3 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Impairm<span class=\"_ _2b\"></span>ents on loan com<span class=\"_ _2b\"></span>mitments rec<span class=\"_ _0\"></span>orded off t<span class=\"_ _2b\"></span>he statement<span class=\"_ _0\"></span> of</div>\n<div class=\"t m0 x1a h4f ycc4 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">financial p<span class=\"_ _2\"></span>osition are classi<span class=\"_ _2\"></span>fied under \u2018provision<span class=\"_ _2\"></span>s\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc5 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc6 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When a spec<span class=\"_ _0\"></span>ific loan is i<span class=\"_ _0\"></span>dentifi<span class=\"_ _0\"></span>ed as uncol<span class=\"_ _0\"></span>lectibl<span class=\"_ _2b\"></span>e and a<span class=\"lse2 wsfa\">ll <span class=\"_ _2\"></span>legal and </span></div>\n<div class=\"t m0 x1a h4f ycc7 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">proced<span class=\"_ _0\"></span>ural acti<span class=\"_ _0\"></span>ons have be<span class=\"_ _0\"></span>en exhaus<span class=\"_ _0\"></span>ted, the lo<span class=\"_ _0\"></span>an is writt<span class=\"_ _0\"></span>en<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">off agains<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f ycc8 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the related charg<span class=\"_ _2\"></span>e for impairment; subsequen<span class=\"_ _2\"></span>t recoveries are credited to<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f ycc9 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">change i<span class=\"_ _0\"></span>n impai<span class=\"_ _0\"></span>rment in t<span class=\"_ _2b\"></span>he income stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 425px; width: 354px; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f yc7b ffd8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.10<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span>Deferred<span class=\"_ _2\"></span> acquisition<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse1 ws11d\">costs (DAC)</span> </span></div>\n<div class=\"t m0 x7 h55 yc7c ffda fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7d ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The costs of<span class=\"_ _0\"></span> new and rene<span class=\"_ _2b\"></span>wed insurance bus<span class=\"_ _0\"></span>iness, al<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>of whic<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>var<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x7 h4f yc7e ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with and pri<span class=\"_ _2b\"></span>marily are related t<span class=\"_ _0\"></span>o the produc<span class=\"_ _0\"></span>tion of new<span class=\"_ _0\"></span> business<span class=\"_ _0\"></span>, are</div>\n<div class=\"t m0 x7 h4f yc7f ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deferre<span class=\"_ _0\"></span>d and amort<span class=\"_ _2b\"></span>ised, resulting in <span class=\"ls0 ws0\">d<span class=\"lse2 wsf1\">eferred </span>a<span class=\"lsfb wsfa\">cqu<span class=\"_ _2\"></span>is<span class=\"ls106 ws124\">ition </span></span>c<span class=\"lsf4 ws114\">osts (DAC). </span></span></div>\n<div class=\"t m0 x7 h4f yc80 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">DAC princ<span class=\"_ _0\"></span>ipally in<span class=\"_ _0\"></span>cludes c<span class=\"_ _0\"></span>ommiss<span class=\"_ _0\"></span>ions, und<span class=\"_ _0\"></span>erwriti<span class=\"_ _0\"></span>ng, agenc<span class=\"_ _0\"></span>y and policy<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yc81 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issue exp<span class=\"_ _0\"></span>enses. The m<span class=\"_ _2b\"></span>ethod for amortisat<span class=\"_ _2b\"></span>ion is based on expect<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f yc82 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earned pre<span class=\"_ _2b\"></span>mium or estimated g<span class=\"_ _2b\"></span>ross profit margin<span class=\"_ _0\"></span>s. DAC are per<span class=\"_ _2b\"></span>iodically</div>\n<div class=\"t m0 x7 h4f yc83 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reviewe<span class=\"_ _2b\"></span>d to ensure thei<span class=\"_ _2b\"></span>r recove<span class=\"lse2 ws103\">rability based on es<span class=\"_ _2\"></span>timates of future </span></div>\n<div class=\"t m0 x7 h4f yc84 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">profits of<span class=\"_ _0\"></span> the under<span class=\"_ _0\"></span>lying cont<span class=\"_ _0\"></span>racts. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yccf ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in pr<span class=\"_ _0\"></span>oportio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>to ant<span class=\"_ _2b\"></span>icipated premiu<span class=\"_ _0\"></span>ms<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycd0 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For life ins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment <span class=\"lse2 wsf1\">products<span class=\"wsfa\">, both wit<span class=\"_ _2\"></span>hout Discretionary </span></span></div>\n<div class=\"t m0 x7 h4f ycd1 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span>eatures, DAC<span class=\"_ _0\"></span> is amort<span class=\"_ _2b\"></span>ised in proport<span class=\"_ _2b\"></span>ion to <span class=\"wsf0\">the antic<span class=\"_ _0\"></span>ipated </span></div>\n<div class=\"t m0 x7 h4f ycd2 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms. Assum<span class=\"_ _0\"></span>ptions as t<span class=\"_ _0\"></span>o anticipa<span class=\"_ _2b\"></span>ted premiums are est<span class=\"_ _2b\"></span>imated at the</div>\n<div class=\"t m0 x7 h4f ycd3 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of pol<span class=\"_ _0\"></span>icy issuanc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d are consis<span class=\"_ _2b\"></span>tently applied du<span class=\"_ _0\"></span>ring the lif<span class=\"_ _0\"></span>e of the</div>\n<div class=\"t m0 x7 h4f y9a4 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s. Deviations f<span class=\"_ _0\"></span>rom estim<span class=\"_ _0\"></span>ated exper<span class=\"_ _2b\"></span>ience are reflect<span class=\"_ _0\"></span>ed in the</div>\n<div class=\"t m0 x7 h4f y9a5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement in the peri<span class=\"_ _0\"></span>od such devi<span class=\"_ _0\"></span>ations oc<span class=\"_ _0\"></span>cur. For thes<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y9a6 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts, DAC i<span class=\"_ _2\"></span>s generally amortised for<span class=\"_ _2\"></span> the total life of the policy.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ycd4 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in lin<span class=\"_ _2b\"></span>e with Estimated Gr<span class=\"_ _2b\"></span>oss Profit (EGP) m<span class=\"_ _0\"></span>argin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycd5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For life ins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">products<span class=\"wsfa\">, both wi<span class=\"_ _2\"></span>th Discretionary </span></span></span></div>\n<div class=\"t m0 x7 h4f ycd6 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">ea<span class=\"_ _2\"></span>tures, DAC is amortised over the<span class=\"_ _2\"></span> expected life of the </span></div>\n<div class=\"t m0 x7 h4f ycd7 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>bas<span class=\"_ _2b\"></span>ed on the present val<span class=\"_ _0\"></span>ue of the estim<span class=\"_ _0\"></span>ated gross<span class=\"_ _0\"></span> profit</div>\n<div class=\"t m0 x7 h4f ycd8 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">margin or p<span class=\"_ _0\"></span>rofit amou<span class=\"_ _0\"></span>nts using t<span class=\"_ _0\"></span>he expect<span class=\"_ _0\"></span>ed invest<span class=\"_ _0\"></span>ment yie<span class=\"_ _0\"></span>ld. Estim<span class=\"_ _2b\"></span>ated</div>\n<div class=\"t m0 x7 h4f ycd9 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">gross profit<span class=\"_ _2\"></span> margin includes anticipated<span class=\"_ _2\"></span> premiums and investm<span class=\"lse0 wsf0\">ent result </span></div>\n<div class=\"t m0 x7 h4f ycda ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">less benef<span class=\"_ _0\"></span>its and adm<span class=\"_ _0\"></span>inistr<span class=\"_ _0\"></span>ative exp<span class=\"_ _0\"></span>enses, ch<span class=\"_ _2b\"></span>anges in the net level</div>\n<div class=\"t m0 x7 h4f ycdb ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">premium reserv<span class=\"_ _2\"></span>e and expected policyholder<span class=\"_ _2\"></span> dividend, as appropriate.</div>\n<div class=\"t m0 x7 h4f ycdc ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deviations of ac<span class=\"_ _2\"></span>tual results from estimated<span class=\"_ _2\"></span> experience are reflected in<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yc86 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement in t<span class=\"_ _2b\"></span>he period in<span class=\"ls0 ws0\"> </span>whic<span class=\"_ _2b\"></span>h such deviati<span class=\"_ _0\"></span>ons occ<span class=\"_ _0\"></span>ur. DAC</div>\n<div class=\"t m0 x7 h4f yc87 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is adjuste<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r the amortis<span class=\"_ _0\"></span>ation eff<span class=\"_ _2b\"></span>ect of unrealised g<span class=\"_ _0\"></span>ains (loss<span class=\"_ _0\"></span>es)</div>\n<div class=\"t m0 x7 h4f yc88 ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recorded i<span class=\"_ _2\"></span>n equity as if t<span class=\"_ _2\"></span>hey were realised w<span class=\"_ _2\"></span>ith the related <span class=\"_ _2\"></span>adjustment to</div>\n<div class=\"t m0 x7 h4f yc89 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unreal<span class=\"_ _0\"></span>ised gains (<span class=\"_ _0\"></span>losses<span class=\"_ _0\"></span>) in equity.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ycdd ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in lin<span class=\"_ _2b\"></span>e with earned premi<span class=\"_ _0\"></span>ums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycde ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For short d<span class=\"_ _0\"></span>uration c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s, DAC is amo<span class=\"_ _0\"></span>rtised ov<span class=\"_ _0\"></span>er the perio<span class=\"_ _0\"></span>d in which</div>\n<div class=\"t m0 x7 h4f ycdf ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the related pre<span class=\"_ _2\"></span>miums written are earned. Fu<span class=\"_ _2\"></span>ture investment income is</div>\n<div class=\"t m0 x7 h4f yce0 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>red (at a risk<span class=\"ls0 ws0\">-</span>free rate of ret<span class=\"_ _2b\"></span>urn) in assessin<span class=\"_ _0\"></span>g the recov<span class=\"_ _0\"></span>erabili<span class=\"_ _0\"></span>ty</div>\n<div class=\"t m0 x7 h4f yce1 ffd8 fs3a fc14 sc0 lsfa ws11e\" style=\"z-index: 15;\">of DAC.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yce2 ffda fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation i<span class=\"_ _0\"></span>n line wit<span class=\"_ _2b\"></span>h <span class=\"lse2\">rel<span class=\"_ _2\"></span>ated revenues of<span class=\"_ _2\"></span> service provided<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yce3 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Some inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>hout Di<span class=\"_ _2b\"></span>scretionary P<span class=\"_ _0\"></span>artici<span class=\"_ _0\"></span>pation F<span class=\"_ _0\"></span>eatures<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yce4 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issued by in<span class=\"_ _0\"></span>suranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>ities inv<span class=\"_ _0\"></span>olve both<span class=\"_ _0\"></span> the origin<span class=\"_ _0\"></span>ation of a fi<span class=\"_ _0\"></span>nancial</div>\n<div class=\"t m0 x1a h4f yce5 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent and t<span class=\"_ _2b\"></span>he provision <span class=\"_ _0\"></span>of invest<span class=\"_ _2b\"></span>ment managem<span class=\"_ _0\"></span>ent servi<span class=\"_ _0\"></span>ces.</div>\n<div class=\"t m0 x1a h4f yce6 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Where clear<span class=\"lse0 wsfa\">ly identifia<span class=\"_ _2b\"></span>ble, the increm<span class=\"_ _2b\"></span>ental costs r<span class=\"_ _0\"></span>elating<span class=\"_ _0\"></span> to the ri<span class=\"_ _0\"></span>ght to </span></div>\n<div class=\"t m0 x1a h4f yce7 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt management se<span class=\"_ _0\"></span>rvices a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised as an asset<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yce8 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are amo<span class=\"_ _0\"></span>rtised as the r<span class=\"_ _2b\"></span>elated revenues a<span class=\"_ _2b\"></span>re recognised. Th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>relat<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f yce9 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset is tested fo<span class=\"_ _0\"></span>r recover<span class=\"_ _2b\"></span>ability at each rep<span class=\"_ _0\"></span>orting dat<span class=\"_ _0\"></span>e. Fee</div>\n<div class=\"t m0 x1a h4f ycea ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">charges fo<span class=\"_ _2\"></span>r managing investment<span class=\"_ _2\"></span>s on these con<span class=\"_ _2\"></span>tracts are recognised<span class=\"_ _2\"></span> as</div>\n<div class=\"t m0 x1a h4f yceb ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">revenue as the<span class=\"_ _2\"></span> services are provided.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 89px; width: 351px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 687px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 94px; width: 351px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 692px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 99px; width: 351px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 697px; width: 351px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h55 yd13 ffe5 fs3a fc1f sc0 ls102 ws11d\" style=\"z-index: 15;\">Claims<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd14 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Claims a<span class=\"_ _0\"></span>nd claim adj<span class=\"_ _0\"></span>ustment<span class=\"_ _0\"></span> expense<span class=\"_ _0\"></span>s are charge<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x7 h4f yd15 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt as incurred. Unpa<span class=\"_ _0\"></span>id claims an<span class=\"_ _0\"></span>d claim adj<span class=\"_ _2b\"></span>ustment expenses<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yd16 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es for report<span class=\"_ _2b\"></span>ed claims and provis<span class=\"_ _2b\"></span>ions for claims inc<span class=\"_ _0\"></span><span class=\"lse2 wsf1\">urred </span></div>\n<div class=\"t m0 x7 h4f yc7b ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">but not <span class=\"_ _0\"></span>reporte<span class=\"_ _0\"></span>d. The est<span class=\"_ _2b\"></span>imates for cl<span class=\"_ _0\"></span>aims inc<span class=\"_ _0\"></span>urred b<span class=\"_ _0\"></span>ut not re<span class=\"_ _0\"></span>ported <span class=\"_ _0\"></span>are</div>\n<div class=\"t m0 x7 h4f yd17 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">based on experienc<span class=\"_ _2\"></span>e, current claim trends<span class=\"_ _2\"></span> and the prevailing social,</div>\n<div class=\"t m0 x7 h4f yd18 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">economic and leg<span class=\"_ _2\"></span>al environments. The liabi<span class=\"_ _2\"></span>lity for Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life insura<span class=\"_ _0\"></span>nce </span></span></div>\n<div class=\"t m0 x7 h4f yd19 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">claims <span class=\"_ _0\"></span>and clai<span class=\"_ _0\"></span>m adjust<span class=\"_ _0\"></span>ment ex<span class=\"_ _0\"></span>penses i<span class=\"wsf0\">s<span class=\"_ _0\"></span> based on est<span class=\"_ _0\"></span>imates of </span></div>\n<div class=\"t m0 x7 h4f y8cd ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d losses (a<span class=\"_ _0\"></span>fter taki<span class=\"_ _0\"></span>ng into acc<span class=\"_ _0\"></span>ount reimb<span class=\"_ _2b\"></span>ursements, rec<span class=\"_ _0\"></span>overies<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y8ce ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">salvage and<span class=\"_ _2\"></span> subrogation), ref<span class=\"_ _2\"></span>lecting management\u2019s<span class=\"_ _2\"></span> judgement on</div>\n<div class=\"t m0 x7 h4f y882 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">anticip<span class=\"_ _0\"></span>ated lev<span class=\"_ _2b\"></span>els of inflatio<span class=\"_ _2b\"></span>n, claim handl<span class=\"_ _0\"></span>ing costs<span class=\"_ _0\"></span>, lega<span class=\"_ _0\"></span>l risks <span class=\"_ _0\"></span>and</div>\n<div class=\"t m0 x7 h4f y883 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">trends in co<span class=\"_ _0\"></span>mpensat<span class=\"_ _0\"></span>ory dama<span class=\"_ _0\"></span><span class=\"lse2 wsfa\">ge awards.<span class=\"_ _2\"></span> Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life liab<span class=\"_ _0\"></span>ilities f<span class=\"_ _0\"></span>or workers<span class=\"_ _2b\"></span>\u2019 </span></span></span></div>\n<div class=\"t m0 x7 h4f y884 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compensation bu<span class=\"_ _2\"></span>siness are presented at their<span class=\"_ _2\"></span> net present value. The</div>\n<div class=\"t m0 x7 h4f y885 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies establish<span class=\"_ _0\"></span>ed are a<span class=\"_ _0\"></span>dequat<span class=\"_ _0\"></span>e to cov<span class=\"_ _0\"></span>er the ult<span class=\"_ _2b\"></span>imate cost of c<span class=\"_ _0\"></span>laims</div>\n<div class=\"t m0 x7 h4f y886 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and claim ad<span class=\"_ _2b\"></span>justment expens<span class=\"_ _2b\"></span>es. Resulting adjus<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s are recor<span class=\"_ _0\"></span>ded in</div>\n<div class=\"t m0 x7 h4f y8cf ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement. <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d0 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d1 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not disco<span class=\"_ _2b\"></span>unt its liabiliti<span class=\"_ _0\"></span>es for claims<span class=\"_ _0\"></span> other tha<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>cla<span class=\"_ _0\"></span>ims with</div>\n<div class=\"t m0 x7 h4f y8d2 ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">determinable<span class=\"_ _2\"></span> and period payment<span class=\"_ _2\"></span> terms.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 772px; height: 298px; width: 347px; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f y977 ffe8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.13<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span><span class=\"wsfa\">Employ<span class=\"_ _2\"></span>ee benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h55 y9bc ffea fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Pension <span class=\"ls102 ws11d\">li<span class=\"_ _2\"></span>abilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9bd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ope<span class=\"_ _0\"></span>rates a num<span class=\"_ _2b\"></span>ber of defined benef<span class=\"_ _0\"></span>it and def<span class=\"_ _0\"></span>ined contr<span class=\"_ _2b\"></span>ibution</div>\n<div class=\"t m0 x1a h4f y9be ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">pension plans<span class=\"_ _2\"></span> throughout its global activit<span class=\"_ _2\"></span>ies, in accordance with lo<span class=\"_ _2\"></span>cal</div>\n<div class=\"t m0 x1a h4f y9bf ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">conditions or ind<span class=\"_ _2\"></span>ustry practices. The pension<span class=\"_ _2\"></span> plans are generally funded</div>\n<div class=\"t m0 x1a h4f y9c0 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">through p<span class=\"_ _0\"></span>ayments t<span class=\"_ _0\"></span>o insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mpanies or t<span class=\"_ _0\"></span>o trustee ad<span class=\"_ _0\"></span>mini<span class=\"lse2 wsf1\">stered </span></div>\n<div class=\"t m0 x1a h4f y9c1 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">plans. Th<span class=\"_ _0\"></span>e funding is<span class=\"_ _0\"></span> determin<span class=\"_ _0\"></span>ed by peri<span class=\"_ _2b\"></span>odic actuarial ca<span class=\"_ _0\"></span>lculati<span class=\"_ _0\"></span>ons.</div>\n<div class=\"t m0 x1a h4f y97e ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Qualifi<span class=\"_ _0\"></span>ed actua<span class=\"_ _0\"></span>ries calcu<span class=\"_ _0\"></span>late the pe<span class=\"_ _0\"></span>nsion ass<span class=\"_ _0\"></span>ets and liabi<span class=\"_ _2b\"></span>lities at least</div>\n<div class=\"t m0 x1a h4f y97f ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">annually.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y980 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y981 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A defined b<span class=\"_ _0\"></span>enefit pla<span class=\"_ _0\"></span>n is a pensio<span class=\"_ _0\"></span>n plan that de<span class=\"_ _0\"></span>fines an amo<span class=\"_ _2b\"></span>unt of</div>\n<div class=\"t m0 x1a h4f y982 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">pension <span class=\"_ _0\"></span>benefit<span class=\"_ _0\"></span> that an e<span class=\"_ _2b\"></span>mpl<span class=\"wsf0\">oyee will rece<span class=\"_ _2b\"></span>ive on retirement<span class=\"_ _0\"></span>, usually </span></div>\n<div class=\"t m0 x1a h4f y983 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dependa<span class=\"_ _2b\"></span>nt on one or more facto<span class=\"_ _0\"></span>rs such as age a<span class=\"_ _2b\"></span>nd years of service. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y984 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c2 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A defined c<span class=\"_ _0\"></span>ontribu<span class=\"_ _0\"></span>tion pla<span class=\"_ _0\"></span>n is a pension p<span class=\"_ _0\"></span>lan under w<span class=\"_ _0\"></span>hich Age<span class=\"_ _0\"></span>as pays</div>\n<div class=\"t m0 x1a h4f y9c3 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fixed co<span class=\"_ _0\"></span>ntribut<span class=\"_ _0\"></span>ions.<span class=\"_ _0\"></span> However,<span class=\"_ _0\"></span> under I<span class=\"_ _2b\"></span>AS 19, a define<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>ibution <span class=\"_ _0\"></span>plan</div>\n<div class=\"t m0 x1a h4f y9c4 ffe8 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">with<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">a guar<span class=\"_ _0\"></span>anteed <span class=\"_ _0\"></span>return is<span class=\"_ _0\"></span> treate<span class=\"_ _2b\"></span>d as a defined be<span class=\"_ _2b\"></span>nefit plan ins<span class=\"_ _0\"></span>tead of a </span></div>\n<div class=\"t m0 x1a h4f y9c5 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">defined c<span class=\"_ _0\"></span>ontrib<span class=\"_ _0\"></span>ution plan d<span class=\"_ _0\"></span>ue to the (leg<span class=\"_ _0\"></span>ally det<span class=\"_ _0\"></span>ermined) gu<span class=\"_ _2b\"></span>aranteed</div>\n<div class=\"t m0 x1a h4f y9c6 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">return i<span class=\"_ _0\"></span>ncluded<span class=\"_ _0\"></span> in thos<span class=\"_ _0\"></span>e plans.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb9 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For defi<span class=\"_ _0\"></span>ned benefi<span class=\"_ _0\"></span>t plans, t<span class=\"_ _0\"></span>he pensio<span class=\"_ _0\"></span>n costs and re<span class=\"_ _0\"></span>lated pens<span class=\"_ _2b\"></span>ion assets</div>\n<div class=\"t m0 x1a h4f ycba ffe8 fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">or liab<span class=\"_ _2\"></span>iliti<span class=\"lse0 wsf0\">es are est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>ing the <span class=\"ls0 ws0\">P</span><span class=\"wsef\">roject<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"ls0 ws0\">U<span class=\"lsf4 ws10c\">nit </span>C<span class=\"lse2 ws103\">redit m<span class=\"_ _2\"></span>ethod</span> <span class=\"lse2 wsf1\">(PUC)<span class=\"lsf4 ws10c\">. </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f ycbb ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under th<span class=\"_ _2b\"></span>is method:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbc ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse2 ws103\">Ea<span class=\"_ _2\"></span>ch period of service give<span class=\"_ _2\"></span>s rise to an additional unit<span class=\"_ _2\"></span> of benefit </span></span></div>\n<div class=\"t m0 x6c h4f ycbd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">entitle<span class=\"_ _0\"></span>ment and ea<span class=\"_ _0\"></span>ch unit is me<span class=\"_ _0\"></span>asured sep<span class=\"_ _0\"></span>arately<span class=\"_ _0\"></span> in order to b<span class=\"_ _0\"></span>uild</div>\n<div class=\"t m0 x6c h4f ycbe ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">up the final liabi<span class=\"_ _2\"></span>lity;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbf ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The cost of prov<span class=\"lse2 ws103\">iding these benefits is char<span class=\"_ _2\"></span>ged to the income </span></span></span></div>\n<div class=\"t m0 x6c h4f ycc0 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt to spread t<span class=\"_ _0\"></span>he pensi<span class=\"_ _0\"></span>on cost <span class=\"_ _0\"></span>over the s<span class=\"_ _2b\"></span>ervice lives <span class=\"_ _0\"></span>of the</div>\n<div class=\"t m0 x6c h4f ycc1 ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">employees;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc2 ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsfa\">The pension li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> is measu<span class=\"_ _2b\"></span>red at the pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of the </span></span></div>\n<div class=\"t m0 x6c h4f ycc3 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fut<span class=\"_ _2b\"></span>ure cash outflows<span class=\"_ _0\"></span> using inter<span class=\"_ _2b\"></span>est rates determi<span class=\"_ _0\"></span>ned by</div>\n<div class=\"t m0 x6c h4f ycc4 ffe8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">refe<span class=\"wsf0\">renc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to ma<span class=\"_ _0\"></span>rket yiel<span class=\"_ _2b\"></span>ds on high quality co<span class=\"_ _0\"></span>rporate b<span class=\"_ _0\"></span>onds, wh<span class=\"_ _0\"></span>ich </span></div>\n<div class=\"t m0 x6c h4f ycc5 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">have te<span class=\"_ _0\"></span>rms to mat<span class=\"_ _2b\"></span>urity approx<span class=\"_ _0\"></span>imating<span class=\"_ _2b\"></span> the terms of th<span class=\"_ _0\"></span>e relate<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x6c h4f ycc6 ffe8 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">liability. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc7 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc8 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rements, compri<span class=\"_ _2b\"></span>sing actuarial gai<span class=\"_ _2b\"></span>ns and losses, the eff<span class=\"_ _0\"></span>ect of</div>\n<div class=\"t m0 x1a h4f ycc9 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the asset ce<span class=\"_ _0\"></span>iling and th<span class=\"_ _2b\"></span>e return on plan asset<span class=\"_ _0\"></span>s (exclu<span class=\"_ _0\"></span>ding net int<span class=\"_ _0\"></span>erest),</div>\n<div class=\"t m0 x1a h4f yd1a ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are recognised<span class=\"_ _2\"></span> immediately in the statement<span class=\"_ _2\"></span> of financial position throu<span class=\"_ _2\"></span>gh</div>\n<div class=\"t m0 x1a h4f yc26 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">other com<span class=\"_ _0\"></span>prehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e in the repo<span class=\"_ _0\"></span>rting per<span class=\"_ _0\"></span>iod in which t<span class=\"_ _0\"></span>hey occu<span class=\"_ _0\"></span>r.</div>\n<div class=\"t m0 x1a h4f yc27 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rements are n<span class=\"_ _0\"></span>ot recl<span class=\"_ _0\"></span>assifie<span class=\"_ _0\"></span>d to the i<span class=\"_ _2b\"></span>ncome stateme<span class=\"_ _2b\"></span>nt in</div>\n<div class=\"t m0 x1a h4f yc28 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">subsequent per<span class=\"lse0 wsf0\">iods. Net interes<span class=\"_ _0\"></span>t is calcul<span class=\"_ _2b\"></span>ated by applying the d<span class=\"_ _0\"></span>iscount </span></div>\n<div class=\"t m0 x1a h4f yc29 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate to the net<span class=\"_ _0\"></span> defined b<span class=\"_ _0\"></span>enefit li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> or asset.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2a ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc2b ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Past servi<span class=\"_ _0\"></span>ce costs ar<span class=\"_ _2b\"></span>e recognised in prof<span class=\"_ _2b\"></span>it or loss on the earlie<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>of:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2c ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The date of the plan amen<span class=\"_ _2b\"></span>dment or curtail<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc2d ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The date that <span class=\"lse2 ws103\">Ageas recognises res<span class=\"_ _2\"></span>tructuring</span></span><span class=\"ffe8\">-<span class=\"lse0 wsf0\">related co<span class=\"_ _0\"></span>sts.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 739px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 744px; width: 354px; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Assets that support<span class=\"_ _2\"></span> the pension liabilities<span class=\"_ _2\"></span> of an entity, must meet certain<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y803 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">criteri<span class=\"_ _0\"></span>a in order to be cl<span class=\"_ _2b\"></span>assified as \u2018qual<span class=\"_ _0\"></span>ifying p<span class=\"_ _0\"></span>ension pla<span class=\"_ _0\"></span>n assets\u2019.<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These c<span class=\"_ _0\"></span>riteria <span class=\"_ _0\"></span>relate t<span class=\"_ _2b\"></span>o the<span class=\"ls0 ws0\"> </span>fact that th<span class=\"_ _0\"></span>ese ass<span class=\"_ _0\"></span>ets shou<span class=\"_ _0\"></span>ld be leg<span class=\"_ _0\"></span>ally</div>\n<div class=\"t m0 x7 h4f y805 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>e from Ageas or <span class=\"_ _0\"></span>its cre<span class=\"_ _0\"></span>ditors. I<span class=\"_ _2b\"></span>f this is not t<span class=\"_ _0\"></span>he case,<span class=\"_ _0\"></span> the ass<span class=\"_ _0\"></span>ets</div>\n<div class=\"t m0 x7 h4f y806 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are incl<span class=\"_ _0\"></span>uded in t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>evant it<span class=\"_ _0\"></span>em on th<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent of financia<span class=\"_ _0\"></span>l posit<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x7 h4f y807 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(such as inv<span class=\"_ _2b\"></span>estments or prope<span class=\"_ _0\"></span>rty, plant<span class=\"_ _0\"></span> and equip<span class=\"_ _0\"></span>ment). If<span class=\"_ _0\"></span> the asse<span class=\"lsf4 ws10c\">ts </span></div>\n<div class=\"t m0 x7 h4f y808 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">meet th<span class=\"_ _0\"></span>e criter<span class=\"_ _0\"></span>ia, thes<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s are ne<span class=\"_ _0\"></span>tted ag<span class=\"_ _0\"></span>ainst th<span class=\"_ _0\"></span>e pensio<span class=\"_ _0\"></span>n liabil<span class=\"_ _0\"></span>ity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When the fa<span class=\"_ _0\"></span>ir value of<span class=\"_ _0\"></span> the plan ass<span class=\"_ _0\"></span>ets is nette<span class=\"_ _0\"></span>d against<span class=\"_ _0\"></span> the present<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y80b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the o<span class=\"_ _2b\"></span>bligation of a defin<span class=\"_ _0\"></span>ed benefit pl<span class=\"_ _2b\"></span>an, the resulting am<span class=\"_ _2b\"></span>ount</div>\n<div class=\"t m0 x7 h4f y80c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">could be ne<span class=\"_ _0\"></span>gative (<span class=\"_ _0\"></span>an asset). If<span class=\"_ _0\"></span> this<span class=\"ls0 ws0\"> </span>is the cas<span class=\"_ _0\"></span>e, the reco<span class=\"_ _0\"></span>gnised as<span class=\"_ _0\"></span>set</div>\n<div class=\"t m0 x7 h4f y80d ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cannot ex<span class=\"_ _0\"></span>ceed t<span class=\"_ _0\"></span>he prese<span class=\"_ _2b\"></span>nt value of any<span class=\"_ _0\"></span> economi<span class=\"_ _0\"></span>c benef<span class=\"_ _0\"></span>its avai<span class=\"_ _0\"></span>lable i<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y80e ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the form<span class=\"_ _0\"></span> of refu<span class=\"_ _0\"></span>nds from t<span class=\"_ _2b\"></span>he plan or redu<span class=\"_ _2b\"></span>ctions in futur<span class=\"_ _2b\"></span>e contributio<span class=\"_ _0\"></span>ns to</div>\n<div class=\"t m0 x7 h4f y80f ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the plan (\u2018as<span class=\"_ _2b\"></span>set ceiling\u2019).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y810 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90a ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Benefit<span class=\"_ _0\"></span> plans that pr<span class=\"_ _0\"></span>ovide lon<span class=\"_ _0\"></span>g<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term servic<span class=\"_ _2\"></span>e be</span></span>nefits<span class=\"_ _0\"></span>, but that a<span class=\"_ _0\"></span>re not</div>\n<div class=\"t m0 x7 h4f y90b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension p<span class=\"_ _0\"></span>lans, ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d at present<span class=\"_ _0\"></span> value<span class=\"ls0 ws0\">, </span>using the pr<span class=\"_ _0\"></span>ojecte<span class=\"_ _0\"></span>d unit</div>\n<div class=\"t m0 x7 h4f y90c ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">credit m<span class=\"_ _0\"></span>ethod. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90e ffed fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas's <span class=\"lse0 wsfa\">contributions<span class=\"_ _0\"></span> to def<span class=\"_ _0\"></span>ined co<span class=\"_ _0\"></span>ntributi<span class=\"_ _2b\"></span>on pension pla<span class=\"_ _2b\"></span>ns are charged </span></div>\n<div class=\"t m0 x7 h4f y90f ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the i<span class=\"_ _0\"></span>ncome st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> in the y<span class=\"_ _2b\"></span>ear to which t<span class=\"_ _0\"></span>hey relat<span class=\"_ _2b\"></span>e, except for</div>\n<div class=\"t m0 x7 h4f y910 ffed fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">de<span class=\"wsfa\">fined c<span class=\"_ _2b\"></span>ontribution p<span class=\"_ _0\"></span>lans w<span class=\"_ _0\"></span>ith a gua<span class=\"_ _0\"></span>rantee<span class=\"_ _0\"></span>d return, t<span class=\"_ _2b\"></span>hat follow t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y911 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing treat<span class=\"_ _0\"></span>ment of a defi<span class=\"_ _2b\"></span>ned benefit plan.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yb2a ffef fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other post<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">retirement<span class=\"_ _2b\"></span> liabilities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Some of t<span class=\"_ _2\"></span>he Ageas companie<span class=\"_ _2\"></span>s provide post<span class=\"ls0 ws0\">-</span><span class=\"lse0\">retirement e<span class=\"_ _0\"></span>mployee </span></div>\n<div class=\"t m0 x7 h4f yb2c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s to retire<span class=\"_ _0\"></span>es, such as pr<span class=\"_ _0\"></span>eferent<span class=\"_ _2b\"></span>ial int<span class=\"lse2 wsfa\">erest ra<span class=\"_ _2\"></span>te loans and health<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f yb2d ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">care insur<span class=\"_ _2b\"></span>ance. Entitleme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>to th<span class=\"_ _0\"></span>ese benef<span class=\"_ _2b\"></span>its is usually based o<span class=\"_ _0\"></span>n the</div>\n<div class=\"t m0 x7 h4f y962 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">employe<span class=\"_ _2b\"></span>e remaining in s<span class=\"_ _2b\"></span>ervice up to ret<span class=\"_ _0\"></span>irement<span class=\"_ _0\"></span> age and <span class=\"_ _2b\"></span>the completio<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y963 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of a minimu<span class=\"_ _0\"></span>m service pe<span class=\"_ _0\"></span>riod. Ex<span class=\"_ _0\"></span>pected c<span class=\"_ _0\"></span>osts of these b<span class=\"_ _2b\"></span>enefits are</div>\n<div class=\"t m0 x7 h4f y964 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accrued ov<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e period of em<span class=\"_ _2b\"></span>ployment, usin<span class=\"_ _2b\"></span>g a <span class=\"_ _2\"></span>met<span class=\"_ _0\"></span>hodolo<span class=\"_ _0\"></span>gy similar t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x7 h4f y965 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">that for def<span class=\"_ _0\"></span>ined be<span class=\"_ _0\"></span>nefit pens<span class=\"_ _0\"></span>ion plans<span class=\"_ _0\"></span>. These liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> are determi<span class=\"_ _2b\"></span>ned</div>\n<div class=\"t m0 x7 h4f y966 ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>actuarial calculations<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 y897 ffef fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Equity option<span class=\"_ _2\"></span>s and equity p<span class=\"_ _2\"></span>articipation plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y898 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Share options<span class=\"_ _2\"></span> and restricted shares, both equi<span class=\"_ _2\"></span>ty settled<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">and cash sett<span class=\"_ _0\"></span>led </span></span></div>\n<div class=\"t m0 x7 h4f y899 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">plans, ar<span class=\"_ _0\"></span>e granted<span class=\"_ _0\"></span> to directo<span class=\"_ _0\"></span>rs and empl<span class=\"_ _2b\"></span>oyees for services r<span class=\"_ _0\"></span>eceive<span class=\"_ _0\"></span>d. The</div>\n<div class=\"t m0 x7 h4f y89a ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue of the s<span class=\"_ _2b\"></span>ervices rece<span class=\"_ _0\"></span>ived is <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>ned by r<span class=\"_ _0\"></span>eference t<span class=\"_ _2b\"></span>o the fair</div>\n<div class=\"t m0 x7 h4f y89b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the s<span class=\"_ _0\"></span>hare opti<span class=\"_ _0\"></span>ons and rest<span class=\"_ _0\"></span>ricted sh<span class=\"_ _0\"></span>ares gra<span class=\"_ _0\"></span>nted. The ex<span class=\"_ _2b\"></span>pense</div>\n<div class=\"t m0 x7 h4f y89c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of equity opt<span class=\"_ _2b\"></span>ions and equity pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion plans is<span class=\"_ _0\"></span> measure<span class=\"_ _0\"></span>d at the grant</div>\n<div class=\"t m0 x7 h4f y89d ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date bas<span class=\"_ _0\"></span>ed on the fair val<span class=\"_ _0\"></span>ue of the opt<span class=\"_ _0\"></span>ions and res<span class=\"_ _0\"></span>tricte<span class=\"_ _0\"></span>d shares an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>is</div>\n<div class=\"t m0 x7 h4f y89e ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement, eit<span class=\"_ _2b\"></span>her immediately at<span class=\"_ _0\"></span> grant dat<span class=\"_ _0\"></span>e if</div>\n<div class=\"t m0 x7 h4f y89f ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">there is no ves<span class=\"_ _0\"></span>ting per<span class=\"_ _0\"></span>iod, or over t<span class=\"_ _0\"></span>he vesting p<span class=\"_ _0\"></span>eriod of<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">the options and </span></span></div>\n<div class=\"t m0 x7 h4f y8a0 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">restricted share<span class=\"_ _2\"></span>s. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a1 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a2 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Equity set<span class=\"_ _0\"></span>tled pla<span class=\"_ _0\"></span>ns are acco<span class=\"_ _0\"></span>unted for as<span class=\"_ _0\"></span> an increas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in equ<span class=\"_ _2b\"></span>ity and are</div>\n<div class=\"t m0 x7 h4f y8a3 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>red for t<span class=\"_ _2b\"></span>he number of sh<span class=\"_ _2b\"></span>ares until the v<span class=\"_ _0\"></span>esting c<span class=\"_ _0\"></span>onditio<span class=\"_ _0\"></span>ns are</div>\n<div class=\"t m0 x7 h4f yb2e ffed fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">met. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2f ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb30 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Cash sett<span class=\"_ _0\"></span>led plans ar<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>nted for as an inc<span class=\"_ _2b\"></span>rease in liabilitie<span class=\"_ _0\"></span>s and<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x7 h4f yb31 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>red bot<span class=\"_ _2b\"></span>h for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd1b fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsfa\">The number of s<span class=\"_ _2b\"></span>hares until the v<span class=\"_ _2b\"></span>esting conditi<span class=\"_ _2b\"></span>ons are met<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x7 h4f yd1c fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsfa\">The change in t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of the res<span class=\"_ _2b\"></span>tricted shares<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybdc ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>red expenses are re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the incom<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>sta<span class=\"_ _0\"></span>tement du<span class=\"_ _0\"></span>ring</div>\n<div class=\"t m0 x1a h4f ybdd ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the vest<span class=\"_ _0\"></span>ing peri<span class=\"_ _2b\"></span>od. Expenses r<span class=\"_ _2b\"></span>elated to <span class=\"lse2\">current and pa<span class=\"_ _2\"></span>st periods are </span></div>\n<div class=\"t m0 x1a h4f ybde ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">directl<span class=\"_ _0\"></span>y recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he income stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybdf ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe0 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value of<span class=\"_ _0\"></span> the sha<span class=\"_ _0\"></span>re opti<span class=\"_ _0\"></span>ons is det<span class=\"_ _0\"></span>ermine<span class=\"_ _0\"></span>d using a<span class=\"_ _2b\"></span>n option<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">pricing </span></span></div>\n<div class=\"t m0 x1a h4f ybe1 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">model th<span class=\"_ _2b\"></span>at takes into ac<span class=\"_ _0\"></span>count t<span class=\"_ _0\"></span>he follo<span class=\"_ _2b\"></span>wing:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybe2 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The stock price at the g<span class=\"_ _0\"></span>rant dat<span class=\"_ _0\"></span>e;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybe3 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The exercise pric<span class=\"_ _2b\"></span>e;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybe4 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsf0\">expect<span class=\"_ _0\"></span>ed life of<span class=\"_ _0\"></span> the option;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybe5 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The expected volat<span class=\"_ _2b\"></span>ility of the underl<span class=\"_ _0\"></span>ying stock<span class=\"_ _0\"></span> and expe<span class=\"_ _0\"></span>cted </span></span></div>\n<div class=\"t m0 x6c h4f ybe6 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds on it<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and </span> </span></div>\n<div class=\"t m0 x1a h4f ybe7 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The risk</span><span class=\"ffed\">-<span class=\"lse0 wsf0\">free intere<span class=\"_ _2b\"></span>st rate over the expect<span class=\"_ _0\"></span>ed life of the o<span class=\"_ _2b\"></span>ption.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybe8 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe9 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When the opt<span class=\"_ _0\"></span>ions are ex<span class=\"_ _2b\"></span>ercised and new shar<span class=\"_ _2b\"></span>es are issued, the</div>\n<div class=\"t m0 x1a h4f ybea ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceeds recei<span class=\"_ _2\"></span>v<span class=\"lse0 wsfa\">ed,<span class=\"_ _0\"></span> net of a<span class=\"_ _0\"></span>ny trans<span class=\"_ _0\"></span>action c<span class=\"_ _0\"></span>osts, a<span class=\"_ _0\"></span>re credi<span class=\"_ _2b\"></span>ted to share </span></div>\n<div class=\"t m0 x1a h4f ybeb ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">capital (par<span class=\"_ _2\"></span> value) and the surplus to share<span class=\"_ _2\"></span> premium. If for this purpos<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x1a h4f ybec ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">own shar<span class=\"_ _2b\"></span>es have been rep<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>ed, thes<span class=\"_ _0\"></span>e will b<span class=\"_ _0\"></span>e elimi<span class=\"_ _0\"></span>nated fr<span class=\"_ _2b\"></span>om</div>\n<div class=\"t m0 x1a h4f ybed ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">treasu<span class=\"_ _0\"></span>ry stock.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 819px; height: 278px; width: 353px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 293px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h55 yb3e ffef fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee ent<span class=\"_ _2\"></span>itlements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3f ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee ent<span class=\"_ _2\"></span>itlements to<span class=\"ls0 ws0\"> </span><span class=\"ws103\">ann<span class=\"_ _2\"></span>ual leave and long<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">service leav<span class=\"_ _0\"></span>e are </span></span></span></div>\n<div class=\"t m0 x1a h4f yb40 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed when t<span class=\"_ _0\"></span>hey accru<span class=\"_ _0\"></span>e to employ<span class=\"_ _0\"></span>ees. A<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">provision is made for<span class=\"_ _2\"></span> the </span></span></div>\n<div class=\"t m0 x1a h4f yb41 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed liability f<span class=\"_ _0\"></span>or annua<span class=\"_ _0\"></span>l leave a<span class=\"_ _2b\"></span>nd long<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">service lea<span class=\"_ _0\"></span>ve as a result<span class=\"_ _0\"></span> of </span></div>\n<div class=\"t m0 x1a h4f yb42 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s rende<span class=\"_ _0\"></span>red by em<span class=\"_ _0\"></span>ployees <span class=\"_ _2b\"></span>up to the date of<span class=\"_ _0\"></span> the st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>t of</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 725px; height: 361px; width: 353px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 834px; width: 353px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yb43 ffed fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">fina<span class=\"lse0 wsf0\">ncial posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ycbe ffed fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.14 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsef\">Prov<span class=\"_ _2b\"></span>isions <span class=\"lse2 wsf1\">and<span class=\"ls0 ws0\"> </span>cont<span class=\"_ _2\"></span>ingencies<span class=\"ls0 ws0\"> </span></span></span></span></div>\n\n<div class=\"t m0 x1a h55 y991 ffef fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y992 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons are l<span class=\"_ _2b\"></span>iabilities inv<span class=\"_ _2b\"></span>olving uncert<span class=\"_ _0\"></span>ainties i<span class=\"_ _2b\"></span>n the amount o<span class=\"_ _0\"></span>r timin<span class=\"_ _0\"></span>g</div>\n<div class=\"t m0 x1a h4f y993 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of payment. Pro<span class=\"_ _2\"></span>visions are recognised if ther<span class=\"_ _2\"></span>e is a present obligation<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y994 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(legal or co<span class=\"_ _0\"></span>nstruct<span class=\"_ _0\"></span>ive) to tra<span class=\"_ _0\"></span>nsfer eco<span class=\"_ _0\"></span>nomic b<span class=\"lse1 ws104\">enefits, s<span class=\"_ _2b\"></span>uch as cash flows, </span></div>\n<div class=\"t m0 x1a h4f y995 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a result of p<span class=\"_ _0\"></span>ast events<span class=\"_ _0\"></span> and if a reliab<span class=\"_ _0\"></span>le estim<span class=\"_ _0\"></span>ate can be mad<span class=\"_ _0\"></span>e at the</div>\n<div class=\"t m0 x1a h4f y996 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date of t<span class=\"_ _2b\"></span>he statement of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial pos<span class=\"_ _2b\"></span>ition. Provisi<span class=\"_ _0\"></span>ons are e<span class=\"_ _0\"></span>stablis<span class=\"_ _0\"></span>hed for</div>\n<div class=\"t m0 x1a h4f y997 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n guarant<span class=\"_ _0\"></span>ee contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>for w<span class=\"_ _0\"></span>hich Ageas<span class=\"_ _0\"></span> is respons<span class=\"_ _2b\"></span>ible to pay upon</div>\n<div class=\"t m0 x1a h4f y9c8 ffed fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">default<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">of payment.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Provi<span class=\"_ _0\"></span>sions ar<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>ed based on a<span class=\"_ _0\"></span>ll relevant </span></span></div>\n<div class=\"t m0 x1a h4f y9c9 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">factors<span class=\"_ _0\"></span> and inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n existing at th<span class=\"_ _2b\"></span>e date of the stat<span class=\"_ _2b\"></span>ement of fina<span class=\"_ _2b\"></span>ncial</div>\n<div class=\"t m0 x1a h4f y9ca ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n and are typic<span class=\"_ _2b\"></span>ally discounte<span class=\"_ _2b\"></span>d at <span class=\"_ _2\"></span>the ri<span class=\"_ _2b\"></span>sk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">free rate.</span> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 157px; width: 353px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 y99b ffef fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Contingencies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y99c ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Contingencies<span class=\"_ _0\"></span> are those uncertai<span class=\"_ _2b\"></span>nties of which<span class=\"ls0 ws0\"> </span>an amount<span class=\"_ _2b\"></span> cannot be</div>\n<div class=\"t m0 x1a h4f y99d ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reasonably est<span class=\"_ _0\"></span>imated or when it is<span class=\"_ _0\"></span> not probable t<span class=\"_ _0\"></span>hat payment will be</div>\n<div class=\"t m0 x1a h4f y99e ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">required to sett<span class=\"_ _0\"></span>le the obligation.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 57px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 62px; width: 353px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 665px; width: 353px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 839px; width: 353px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yd48 fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.18 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span></span>Realised<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and unrea<span class=\"_ _2\"></span>lised gains and los<span class=\"_ _2\"></span>ses<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yca8 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For fin<span class=\"_ _0\"></span>ancial i<span class=\"_ _0\"></span>nstrume<span class=\"_ _0\"></span>nts class<span class=\"_ _2b\"></span>ified as avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-</span><span class=\"lse2\">sal<span class=\"_ _2\"></span>e, realised gains </span></div>\n<div class=\"t m0 x1a h4f yca9 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or losses o<span class=\"_ _0\"></span>n sales and div<span class=\"_ _0\"></span>estme<span class=\"_ _0\"></span>nts repres<span class=\"_ _0\"></span>ent the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e between</div>\n<div class=\"t m0 x1a h4f ycaa fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the proc<span class=\"_ _2b\"></span>eeds received a<span class=\"_ _0\"></span>nd the i<span class=\"_ _2b\"></span>nitial book val<span class=\"_ _2b\"></span>ue of the asset s<span class=\"_ _0\"></span>old, min<span class=\"_ _0\"></span>us</div>\n<div class=\"t m0 x1a h4f ycab fff2 fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">any im<span class=\"lse0 wsf0\">pairment los<span class=\"_ _0\"></span>ses recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>, and after </span></div>\n<div class=\"t m0 x1a h4f ycac fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">adjustment <span class=\"_ _2\"></span>for the impact of<span class=\"_ _2\"></span> any hedge accounti<span class=\"_ _2\"></span>ng. Realised gains <span class=\"_ _2\"></span>and</div>\n<div class=\"t m0 x1a h4f ycad fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">losses on sales<span class=\"_ _2\"></span> are included in the income sta<span class=\"_ _2\"></span>tement under \u2018Result on</div>\n<div class=\"t m0 x1a h4f ycae fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">sales and <span class=\"_ _2\"></span>revaluations\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycaf fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb0 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For financial in<span class=\"_ _2\"></span>struments me<span class=\"lse0 wsfa\">asured at<span class=\"_ _2b\"></span> fair value thro<span class=\"_ _2b\"></span>ugh profit or lo<span class=\"_ _0\"></span>ss, </span></div>\n<div class=\"t m0 x1a h4f ycb1 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>arrying v<span class=\"_ _0\"></span>alue at t<span class=\"_ _2b\"></span>he end of the c<span class=\"_ _0\"></span>urrent</div>\n<div class=\"t m0 x1a h4f ycb2 fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">reporting per<span class=\"_ _2\"></span>iod versus the pre<span class=\"_ _2\"></span>vious reporting p<span class=\"_ _2\"></span>eriod is included<span class=\"_ _2\"></span> in the</div>\n<div class=\"t m0 x1a h4f yd49 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement under \u2018Res<span class=\"_ _0\"></span>ult on sal<span class=\"_ _0\"></span>es and reval<span class=\"_ _0\"></span>uations<span class=\"_ _0\"></span>\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 199px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For deri<span class=\"_ _0\"></span>vatives,<span class=\"_ _0\"></span> the dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _2b\"></span>e between the c<span class=\"_ _2b\"></span>arrying clea<span class=\"_ _0\"></span>n fair val<span class=\"_ _2b\"></span>ue (i.e.</div>\n<div class=\"t m0 x7 h4f y803 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">excludi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nrealis<span class=\"_ _2b\"></span>ed portion of t<span class=\"_ _0\"></span>he inter<span class=\"_ _0\"></span>est accr<span class=\"_ _2b\"></span>uals) at the en<span class=\"_ _2b\"></span>d of</div>\n<div class=\"t m0 x7 h4f y804 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the current repor<span class=\"_ _2\"></span>ting period versus the pre<span class=\"_ _2\"></span>vious reporting period<span class=\"_ _2\"></span> is</div>\n<div class=\"t m0 x7 h4f y805 fff7 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">inclu<span class=\"_ _2\"></span><span class=\"lse0\">ded i<span class=\"_ _2b\"></span>n the income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> under \u2018R<span class=\"_ _2b\"></span>esults on sal<span class=\"_ _0\"></span>es and </span></div>\n<div class=\"t m0 x7 h4f y806 fff7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">revaluat<span class=\"_ _2b\"></span>ions\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Upon de<span class=\"_ _0\"></span>recogni<span class=\"_ _0\"></span>tion or <span class=\"_ _0\"></span>upon im<span class=\"_ _0\"></span>pairment<span class=\"_ _0\"></span> of a fin<span class=\"_ _0\"></span>ancial <span class=\"_ _0\"></span>asset, t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y809 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unreal<span class=\"_ _0\"></span>ised gains a<span class=\"_ _0\"></span>nd losses p<span class=\"_ _0\"></span>revious<span class=\"_ _0\"></span>ly recogn<span class=\"_ _0\"></span>ised direc<span class=\"_ _0\"></span>tly in equ<span class=\"_ _0\"></span>ity are</div>\n<div class=\"t m0 x7 h4f y80a fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recycled throug<span class=\"_ _2\"></span>h the income statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 961px; height: 136px; width: 351px; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h4f yd4c fff7 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.20 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsef\">Inc<span class=\"_ _2b\"></span>ome<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">tax</span> </span></span></span></div>\n<div class=\"t m0 x1a h55 yce7 fff9 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Current <span class=\"_ _2\"></span><span class=\"lsfc ws115\">tax<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yce8 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Current t<span class=\"_ _2b\"></span>ax is the amou<span class=\"_ _0\"></span>nt of inc<span class=\"_ _0\"></span>ome tax<span class=\"_ _0\"></span>es payab<span class=\"_ _2b\"></span>le (recovera<span class=\"_ _0\"></span>ble) in</div>\n<div class=\"t m0 x1a h4f yce9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect of<span class=\"_ _0\"></span> the taxabl<span class=\"_ _0\"></span>e profit (tax<span class=\"_ _0\"></span> loss) for a p<span class=\"_ _0\"></span>eriod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycea fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yceb fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Income tax<span class=\"_ _0\"></span> payabl<span class=\"_ _0\"></span>e on profits is<span class=\"_ _0\"></span> recognis<span class=\"_ _2b\"></span>ed as an expense base<span class=\"_ _2b\"></span>d on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f yd4d fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applicable ta<span class=\"_ _2\"></span>x laws in<span class=\"ls0 ws0\"> </span>each jurisdi<span class=\"_ _2\"></span>ction in the period in which pro<span class=\"_ _2\"></span>fits</div>\n<div class=\"t m0 x1a h4f yd4e fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">arise. T<span class=\"_ _0\"></span>he tax <span class=\"_ _0\"></span>effects<span class=\"_ _0\"></span> of incom<span class=\"_ _2b\"></span>e tax losses av<span class=\"_ _0\"></span>ailabl<span class=\"_ _0\"></span>e for car<span class=\"_ _0\"></span>ry<span class=\"ls0 ws0\">-</span><span class=\"wsef\">forwar<span class=\"_ _0\"></span>d </span></div>\n<div class=\"t m0 x1a h4f yd4f fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are reco<span class=\"_ _0\"></span>gnised <span class=\"_ _0\"></span>as a defe<span class=\"_ _2b\"></span>rred tax asset if<span class=\"_ _0\"></span> it is p<span class=\"_ _0\"></span>robable t<span class=\"_ _2b\"></span>hat future</div>\n<div class=\"t m0 x1a h4f yd50 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">taxabl<span class=\"_ _0\"></span>e profit w<span class=\"_ _0\"></span>ill be a<span class=\"_ _0\"></span>vailabl<span class=\"_ _0\"></span>e agains<span class=\"_ _0\"></span>t whic<span class=\"_ _0\"></span>h those lo<span class=\"_ _2b\"></span>sses can b<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f yd51 fff7 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">utilised<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd52 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd35 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If a leg<span class=\"_ _0\"></span>al entity <span class=\"_ _0\"></span>assess<span class=\"_ _2b\"></span>es that it is not<span class=\"_ _0\"></span> prob<span class=\"_ _0\"></span>able that t<span class=\"_ _2b\"></span>he relevant ta<span class=\"_ _0\"></span>xation</div>\n<div class=\"t m0 x1a h4f yd36 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">authorit<span class=\"_ _0\"></span>y will acce<span class=\"_ _2b\"></span>pt the tax treatment<span class=\"_ _0\"></span> applie<span class=\"_ _0\"></span>d, that lega<span class=\"_ _0\"></span>l entity ref<span class=\"_ _0\"></span>lects</div>\n<div class=\"t m0 x1a h4f yd37 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the effect of<span class=\"_ _0\"></span> uncert<span class=\"_ _0\"></span>ainty for eac<span class=\"_ _2b\"></span>h uncertain tax tre<span class=\"_ _2b\"></span>atment by using eit<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x1a h4f yd38 fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the most l<span class=\"_ _2\"></span>ikel<span class=\"lse0 wsf0\">y amount o<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>the ex<span class=\"_ _0\"></span>pected va<span class=\"_ _0\"></span>lue base<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>on a ran<span class=\"_ _0\"></span>ge of </span></div>\n<div class=\"t m0 x1a h4f yd39 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">possibl<span class=\"_ _0\"></span>e outcomes<span class=\"_ _2b\"></span>, depending on whi<span class=\"_ _0\"></span>ch method<span class=\"_ _0\"></span> better pre<span class=\"_ _0\"></span>dicts the</div>\n<div class=\"t m0 x1a h4f yd3a fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">resolut<span class=\"_ _0\"></span>ion of th<span class=\"_ _2b\"></span>e uncertainty.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yd53 fff9 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd54 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred tax lia<span class=\"_ _2\"></span>bilities are the amounts of<span class=\"_ _2\"></span> income taxes payable in future</div>\n<div class=\"t m0 x1a h4f yd55 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">periods i<span class=\"_ _0\"></span>n respect of<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">taxable temp<span class=\"_ _2\"></span>orary differences. Deferred t<span class=\"_ _2\"></span>ax assets </span></span></div>\n<div class=\"t m0 x1a h4f yd56 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are the amount<span class=\"_ _2\"></span>s of income taxes recoverable<span class=\"_ _2\"></span> in future periods in respec<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x1a h4f yd57 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of deducti<span class=\"_ _2b\"></span>ble temporary dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _0\"></span>es, the car<span class=\"_ _0\"></span>ry forwar<span class=\"_ _0\"></span>d of unused t<span class=\"_ _0\"></span>ax</div>\n<div class=\"t m0 x1a h4f yd58 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">losses an<span class=\"_ _0\"></span>d of unused tax<span class=\"_ _0\"></span> credits<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd59 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd5a fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred tax is prov<span class=\"_ _2\"></span>ided in<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">full, using t<span class=\"_ _0\"></span>he statem<span class=\"_ _2b\"></span>ent of financial pos<span class=\"_ _0\"></span>ition </span></span></div>\n<div class=\"t m0 x1a h4f yd5b fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y method,<span class=\"_ _0\"></span> on tempora<span class=\"_ _2b\"></span>ry differences ari<span class=\"_ _0\"></span>sing betw<span class=\"_ _2b\"></span>een the tax bases</div>\n<div class=\"t m0 x1a h4f yd5c fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of assets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties and the<span class=\"_ _2b\"></span>ir carrying amou<span class=\"_ _0\"></span>nts in the Co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f yd5d fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al Statements.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd5e fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd5f fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The rates e<span class=\"_ _0\"></span>nacted or su<span class=\"_ _0\"></span>bstanti<span class=\"_ _2b\"></span>vely ena<span class=\"wsfa\">cted at t<span class=\"_ _2b\"></span>he date of th<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent </span></div>\n<div class=\"t m0 x1a h4f y8c1 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of fina<span class=\"_ _0\"></span>ncial pos<span class=\"_ _2b\"></span>ition are use<span class=\"_ _0\"></span>d to deter<span class=\"_ _2b\"></span>mine the defer<span class=\"_ _0\"></span>red tax<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8c2 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c3 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax assets a<span class=\"_ _0\"></span>re recog<span class=\"_ _0\"></span>nised to<span class=\"_ _0\"></span> the exte<span class=\"_ _2b\"></span>nt that it is pr<span class=\"_ _0\"></span>obable t<span class=\"_ _0\"></span>hat</div>\n<div class=\"t m0 x1a h4f y8c4 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">suffici<span class=\"_ _0\"></span>ent futu<span class=\"_ _0\"></span>re tax<span class=\"_ _0\"></span>able prof<span class=\"_ _0\"></span>it wil<span class=\"_ _0\"></span>l be avai<span class=\"_ _0\"></span>lable t<span class=\"_ _0\"></span>o allow t<span class=\"_ _0\"></span>he benef<span class=\"_ _0\"></span>it of part<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y8c5 fff7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or <span class=\"wsf0\">the entire d<span class=\"_ _0\"></span>eferred t<span class=\"_ _0\"></span>ax asset to b<span class=\"_ _0\"></span>e utilise<span class=\"_ _0\"></span>d.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd48 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yca8 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax liabilit<span class=\"_ _0\"></span>ies are p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>d on taxab<span class=\"_ _2b\"></span>le temporary<span class=\"_ _0\"></span> differe<span class=\"_ _0\"></span>nces</div>\n<div class=\"t m0 x1a h4f yca9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">arising f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tments i<span class=\"_ _0\"></span>n subsidi<span class=\"_ _0\"></span>aries, ass<span class=\"_ _2b\"></span>ociates, and joint<span class=\"_ _0\"></span> ventures<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x1a h4f ycaa fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">except w<span class=\"_ _2b\"></span>here the timin<span class=\"_ _0\"></span>g of the <span class=\"_ _0\"></span>reversal <span class=\"_ _0\"></span>of the t<span class=\"_ _0\"></span>emporar<span class=\"_ _2b\"></span>y difference c<span class=\"_ _0\"></span>an</div>\n<div class=\"t m0 x1a h4f ycab fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">be contr<span class=\"_ _2b\"></span>olled and it is <span class=\"_ _0\"></span>probable t<span class=\"_ _2b\"></span>hat the diff<span class=\"_ _0\"></span>erence w<span class=\"_ _0\"></span>ill not re<span class=\"_ _2b\"></span>verse in the</div>\n<div class=\"t m0 x1a h4f ycac fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">foreseeable fu<span class=\"_ _2\"></span>ture.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycad fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycae fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Current <span class=\"_ _2b\"></span>and deferred t<span class=\"_ _0\"></span>ax relat<span class=\"_ _0\"></span>ed to fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e remeas<span class=\"_ _2b\"></span>urement of ite<span class=\"_ _0\"></span>ms in</div>\n<div class=\"t m0 x1a h4f ycaf fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the stat<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> financi<span class=\"_ _2b\"></span>al position wh<span class=\"_ _2b\"></span>ich are c<span class=\"lse2\">harged or cre<span class=\"_ _2\"></span>dited directly </span></div>\n<div class=\"t m0 x1a h4f ycb0 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to equity (s<span class=\"_ _0\"></span>uch as avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-</span>sale investme<span class=\"_ _0\"></span>nts and cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span>flow hedges<span class=\"_ _2b\"></span>)</div>\n<div class=\"t m0 x1a h4f ycb1 fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is also <span class=\"_ _2\"></span>credited or charged <span class=\"_ _2\"></span>directly to equi<span class=\"_ _2\"></span>ty and is subsequen<span class=\"_ _2\"></span>tly</div>\n<div class=\"t m0 x1a h4f ycb2 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent together wi<span class=\"_ _0\"></span>th the d<span class=\"_ _2b\"></span>eferred gain o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f yd49 fff7 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 482px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 802px; width: 352px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 807px; width: 352px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag410": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y8d0 ffad fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f <span class=\"wsf1\">financial<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">assets</span> </span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A financial asse<span class=\"_ _2\"></span>t (or group of financial as<span class=\"_ _2\"></span>sets) classified as either</div>\n<div class=\"t m0 x7 h4f y8d2 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span>, loans and receiv<span class=\"_ _2\"></span>ables or held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-</span><span class=\"ws103\">maturity is dee<span class=\"_ _2\"></span>med </span></span></div>\n<div class=\"t m0 x7 h4f y8d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be impai<span class=\"_ _0\"></span>red if:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb28 ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 wsfa\">T<span class=\"_ _2\"></span>here is objective e<span class=\"_ _2\"></span>vidence of impairm<span class=\"_ _2\"></span>ent</span><span class=\"ffab\"> <span class=\"lse0 wsf0\">as a result of<span class=\"_ _0\"></span> one or more </span></span></span></div>\n<div class=\"t m0 x43 h4f yb29 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss eve<span class=\"_ _0\"></span>nts or t<span class=\"_ _0\"></span>rigger<span class=\"_ _0\"></span>s (e.g. s<span class=\"_ _2b\"></span>ignificant fin<span class=\"_ _2b\"></span>ancial diffic<span class=\"_ _0\"></span>ulty of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x43 h4f yb2a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issuer) t<span class=\"_ _0\"></span>hat have o<span class=\"_ _0\"></span>ccurred af<span class=\"_ _0\"></span>ter the ini<span class=\"_ _0\"></span>tial recog<span class=\"_ _2b\"></span>nition of the asset;<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x43 h4f yb2b ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lsf3 ws11c\">Th<span class=\"lse0 wsf0\">at loss event (or ev<span class=\"_ _0\"></span>ents) has (o<span class=\"_ _0\"></span>r have) an im<span class=\"_ _0\"></span>pact on the </span></span></span></div>\n<div class=\"t m0 x43 h4f yb2d ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed future cash f<span class=\"_ _2b\"></span>lows of the fina<span class=\"_ _2b\"></span>ncial asset (o<span class=\"_ _0\"></span>r group o<span class=\"_ _0\"></span>f</div>\n<div class=\"t m0 x43 h4f y962 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>that c<span class=\"_ _0\"></span>an be reliabl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>est<span class=\"_ _0\"></span>imated.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y963 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y964 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For equit<span class=\"_ _0\"></span>y securiti<span class=\"_ _2b\"></span>es, the triggers us<span class=\"_ _0\"></span>ed to dete<span class=\"_ _0\"></span>rmine whet<span class=\"_ _2b\"></span>her <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is</div>\n<div class=\"t m0 x7 h4f y965 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve evide<span class=\"_ _0\"></span>nce of i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent inclu<span class=\"_ _2b\"></span>de, amongst ot<span class=\"_ _0\"></span>hers, th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y966 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration whether t<span class=\"_ _2b\"></span>he fair value is<span class=\"_ _2b\"></span> significantl<span class=\"_ _0\"></span>y (25%)<span class=\"_ _2b\"></span> below the</div>\n<div class=\"t m0 x7 h4f y967 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">carrying v<span class=\"_ _2\"></span>alue or has been b<span class=\"_ _2\"></span>elow the carrying <span class=\"_ _2\"></span>value for a prol<span class=\"_ _2\"></span>onged</div>\n<div class=\"t m0 x7 h4f y968 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period (<span class=\"_ _0\"></span>365 consec<span class=\"_ _2b\"></span>utive days) on the dat<span class=\"_ _0\"></span>e of the state<span class=\"_ _2b\"></span>me<span class=\"wsfa\">nt of financ<span class=\"_ _0\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y969 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Depend<span class=\"_ _0\"></span>ing on th<span class=\"_ _0\"></span>e type of <span class=\"_ _0\"></span>financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _0\"></span>, the r<span class=\"_ _0\"></span>ecovera<span class=\"_ _0\"></span>ble amo<span class=\"_ _0\"></span>unt can</div>\n<div class=\"t m0 x7 h4f y96c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">be estimat<span class=\"_ _2b\"></span>ed as follows: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair <span class=\"wsf0\">value us<span class=\"_ _0\"></span>ing an obs<span class=\"_ _0\"></span>ervable m<span class=\"_ _2b\"></span>arket price;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair value <span class=\"_ _2b\"></span>using non<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">data<span class=\"_ _2\"></span></span>; </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96f ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsf0\">Based on the</span><span class=\"ffab\"> <span class=\"lse0 wsfa\">fair val<span class=\"_ _2b\"></span>ue of the coll<span class=\"_ _0\"></span>ateral. <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y970 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y971 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If an available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-</span></span>sale asset<span class=\"_ _2\"></span> is determined to be impaired, t<span class=\"_ _2\"></span>he allowance</div>\n<div class=\"t m0 x7 h4f y972 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for impai<span class=\"_ _0\"></span>rment is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _0\"></span>ent. For imp<span class=\"_ _0\"></span>aired</div>\n<div class=\"t m0 x7 h4f y973 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span> assets, unrealised<span class=\"_ _2\"></span> losses previousl<span class=\"_ _2\"></span>y recognised in </span></div>\n<div class=\"t m0 x7 h4f y974 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other compr<span class=\"lse0 wsf0\">ehensive inco<span class=\"_ _0\"></span>me<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are transferred<span class=\"_ _2\"></span> to the income statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y975 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">when the i<span class=\"_ _2\"></span>mpairment occurs. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y977 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If, in a s<span class=\"_ _0\"></span>ubsequ<span class=\"_ _0\"></span>ent per<span class=\"_ _0\"></span>iod, th<span class=\"_ _0\"></span>e fair val<span class=\"_ _2b\"></span>ue of a debt inst<span class=\"_ _2b\"></span>rument classi<span class=\"_ _0\"></span>fied</div>\n<div class=\"t m0 x1a h4f y978 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as availa<span class=\"_ _0\"></span>ble<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span><span class=\"wsfa\">sal<span class=\"_ _2b\"></span>e increases an<span class=\"_ _0\"></span>d the inc<span class=\"_ _2b\"></span>rease object<span class=\"_ _0\"></span>ively rel<span class=\"_ _2b\"></span>ates to an </span></div>\n<div class=\"t m0 x1a h4f y979 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event occu<span class=\"_ _2b\"></span>rring after the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _2b\"></span>on of any allowance for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _2b\"></span>nt in</div>\n<div class=\"t m0 x1a h4f y97a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the incom<span class=\"_ _0\"></span>e statement<span class=\"_ _2b\"></span>, the allowance f<span class=\"_ _0\"></span>or impair<span class=\"_ _0\"></span>ment is rev<span class=\"_ _0\"></span>ersed, wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f y97b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the rev<span class=\"_ _2b\"></span>ersal <span class=\"lse2 wsf1\">being </span><span class=\"wsf0\">recognised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>. </span></div>\n<div class=\"t m0 x1a h4f y97c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Further po<span class=\"_ _2b\"></span>sitive revaluat<span class=\"_ _0\"></span>ions of debt<span class=\"_ _0\"></span> instru<span class=\"_ _0\"></span>ments clas<span class=\"_ _2b\"></span>sified as a<span class=\"ls102 ws11d\">vailable<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f y97d ffab fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\">-<span class=\"lsfb wsfa\">sal<span class=\"_ _2\"></span>e <span class=\"lse2\">is recognise<span class=\"_ _2\"></span>d</span></span> <span class=\"lse0 wsfa\">in oth<span class=\"_ _0\"></span>er comp<span class=\"_ _0\"></span>rehensiv<span class=\"_ _2b\"></span>e income.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb32 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb33 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments on<span class=\"_ _2\"></span> an equity instrument class<span class=\"_ _2\"></span>ified as available<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">sale ar<span class=\"_ _0\"></span>e </span></span></span></div>\n<div class=\"t m0 x1a h4f yb34 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rev<span class=\"_ _0\"></span>ersed th<span class=\"_ _0\"></span>rough th<span class=\"_ _0\"></span>e income<span class=\"_ _2b\"></span> statement; i<span class=\"_ _0\"></span>ncrease<span class=\"_ _0\"></span>s in the<span class=\"_ _0\"></span>ir fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yb35 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">after imp<span class=\"_ _0\"></span>airment ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d directly<span class=\"_ _0\"></span> in ot<span class=\"lse2 wsfa\">her comprehensi<span class=\"_ _2\"></span>ve income.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 157px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 456px; width: 354px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 162px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 461px; width: 354px; z-index: 7;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y973 ffc7 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f property held<span class=\"_ _2\"></span> for own use and i<span class=\"_ _2\"></span>nvestment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y974 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As for other non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">finan<span class=\"_ _2b\"></span>cial assets, pro<span class=\"_ _0\"></span>perty he<span class=\"_ _0\"></span>ld for own use an<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x7 h4f y975 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment proper<span class=\"_ _2\"></span>ty<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">is </span></span>impaired<span class=\"_ _2\"></span> when its carrying amount exceeds<span class=\"_ _2\"></span> the</div>\n<div class=\"t m0 x7 h4f y976 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9db ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The recoverable<span class=\"_ _2\"></span> amount is measured as the higher<span class=\"_ _2\"></span> of either \u2018fair value</div>\n<div class=\"t m0 x7 h4f y9dc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">less cost<span class=\"_ _0\"></span>s to sel<span class=\"_ _0\"></span>l\u2019 or \u2018va<span class=\"_ _2b\"></span>lue in use\u2019<span class=\"ls0 ws0\">:  </span></div>\n<div class=\"t m0 x7 h4f y9dd ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">The \u2018fair val<span class=\"_ _0\"></span>ue less cos<span class=\"_ _0\"></span>ts to se<span class=\"_ _2b\"></span>ll\u2019 is the pric<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>ould be rec<span class=\"_ _2b\"></span>eived </span></span></div>\n<div class=\"t m0 x43 h4f y9de ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to sell an ass<span class=\"_ _0\"></span>et in an orde<span class=\"_ _0\"></span>rly trans<span class=\"_ _0\"></span>action b<span class=\"_ _0\"></span>etween ma<span class=\"_ _2b\"></span>rket</div>\n<div class=\"t m0 x6c h4f yc13 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participants<span class=\"_ _2\"></span> (based on observable and non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">observable mar<span class=\"_ _0\"></span>ket </span></span></div>\n<div class=\"t m0 x6c h4f yc14 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">data), aft<span class=\"_ _0\"></span>er deduct<span class=\"_ _2b\"></span>ing any direct incr<span class=\"_ _0\"></span>emental d<span class=\"_ _2b\"></span>isposal costs<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc15 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsfa\">\u2018value <span class=\"_ _0\"></span>in use\u2019 i<span class=\"_ _0\"></span>s the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of <span class=\"_ _0\"></span>estimate<span class=\"_ _2b\"></span>d future cash </span></span></span></div>\n<div class=\"t m0 x6c h4f yc16 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">flows ex<span class=\"_ _2b\"></span>pected to aris<span class=\"_ _0\"></span>e from c<span class=\"_ _0\"></span>ontinui<span class=\"_ _0\"></span>ng use of t<span class=\"_ _2b\"></span>he asset and fr<span class=\"_ _0\"></span>om</div>\n<div class=\"t m0 x6c h4f yc17 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">its dispos<span class=\"_ _2b\"></span>al at the end of its usefu<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>lif<span class=\"_ _0\"></span>e, without<span class=\"_ _0\"></span> deducti<span class=\"_ _2b\"></span>on <span class=\"_ _2\"></span>of<span class=\"_ _0\"></span> transfer</div>\n<div class=\"t m0 x6c h4f yc18 ffc5 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">tax.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At the end of eac<span class=\"_ _2b\"></span>h reporting peri<span class=\"_ _0\"></span>od, Ageas as<span class=\"_ _2b\"></span>sess<span class=\"lse2 ws103\">es whether there<span class=\"_ _2\"></span> is </span></div>\n<div class=\"t m0 x1a h4f yc1b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any object<span class=\"_ _0\"></span>ive indic<span class=\"_ _2b\"></span>ation that an asset<span class=\"_ _0\"></span> may be impai<span class=\"_ _0\"></span>red, con<span class=\"_ _0\"></span>sideri<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f yc1c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">various externa<span class=\"_ _2\"></span>l (e.g. significant chang<span class=\"_ _2\"></span>es in the economic environment)<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and inter<span class=\"_ _0\"></span>nal (e.g. p<span class=\"_ _0\"></span>lan to disp<span class=\"_ _0\"></span>ose) sourc<span class=\"_ _2b\"></span>es of information.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>If any<span class=\"_ _0\"></span> such</div>\n<div class=\"t m0 x1a h4f yc1e ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">indication e<span class=\"_ _2\"></span>xists (and o<span class=\"lse0 wsf0\">nly then<span class=\"_ _0\"></span>), Ageas wi<span class=\"_ _0\"></span>ll reduce t<span class=\"_ _0\"></span>he carryi<span class=\"_ _2b\"></span>ng amount </span></div>\n<div class=\"t m0 x1a h4f yc1f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the im<span class=\"_ _0\"></span>paired as<span class=\"_ _2b\"></span>set to its est<span class=\"_ _0\"></span>imated r<span class=\"_ _2b\"></span>ecoverable am<span class=\"_ _0\"></span>ount,<span class=\"_ _0\"></span> and the</div>\n<div class=\"t m0 x1a h4f yc20 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ch<span class=\"_ _0\"></span>ange in the cu<span class=\"_ _2b\"></span>rrent year is recog<span class=\"_ _0\"></span>nised in the inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x1a h4f yc21 ffc5 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc23 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">After th<span class=\"_ _2b\"></span>e recognition o<span class=\"_ _0\"></span>f an imp<span class=\"_ _0\"></span>airment<span class=\"_ _2b\"></span>, the depreciat<span class=\"_ _0\"></span>ion for f<span class=\"_ _2b\"></span>uture</div>\n<div class=\"t m0 x1a h4f yc24 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">periods i<span class=\"_ _2\"></span>s adjusted based on <span class=\"_ _2\"></span>the revised carryi<span class=\"_ _2\"></span>ng amount less <span class=\"_ _2\"></span>its</div>\n<div class=\"t m0 x1a h4f yc25 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value ov<span class=\"_ _0\"></span>er the assets<span class=\"_ _0\"></span> remaini<span class=\"_ _0\"></span>ng useful lif<span class=\"_ _0\"></span>e. For pro<span class=\"_ _0\"></span>perty, the</div>\n<div class=\"t m0 x1a h4f yc34 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>eac<span class=\"_ _2b\"></span>h significant part<span class=\"_ _0\"></span> is determ<span class=\"_ _0\"></span>ined sep<span class=\"_ _0\"></span>arately an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>revi<span class=\"_ _2b\"></span>ewed</div>\n<div class=\"t m0 x1a h4f yc35 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at year<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">end.</span> </span></div>\n<div class=\"t m0 x1a h4f yc36 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc37 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If in a subseq<span class=\"_ _0\"></span>uent p<span class=\"lse2 ws103\">eriod, the amount of the impa<span class=\"_ _2\"></span>irment on non<span class=\"ls0 ws0\">-</span></span><span class=\"wsef\">financial </span></div>\n<div class=\"t m0 x1a h4f yc75 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets ot<span class=\"_ _0\"></span>her than goo<span class=\"_ _0\"></span>dwill dec<span class=\"_ _2b\"></span>reases, due to an eve<span class=\"_ _0\"></span>nt occurr<span class=\"_ _0\"></span>ing after</div>\n<div class=\"t m0 x1a h4f yc76 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the writ<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">down, the pre<span class=\"_ _2\"></span>viously recorded impairment lo<span class=\"_ _2\"></span>ss is reversed in </span></span></div>\n<div class=\"t m0 x1a h4f yc77 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">That i<span class=\"_ _2b\"></span>ncreased amount<span class=\"_ _0\"></span> cannot ex<span class=\"_ _0\"></span>ceed the </span></div>\n<div class=\"t m0 x1a h4f yc78 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>at <span class=\"_ _2\"></span>wo<span class=\"_ _0\"></span>uld have be<span class=\"_ _0\"></span>en determ<span class=\"_ _2b\"></span>ined, net of depreci<span class=\"_ _0\"></span>ation,</div>\n<div class=\"t m0 x1a h4f yc79 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">had no impairmen<span class=\"_ _2\"></span>t loss been recognised for<span class=\"_ _2\"></span> the asset in prior years.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 425px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 126px; width: 348px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 430px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 131px; width: 348px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 435px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 136px; width: 348px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h55 y886 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll is an inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _2b\"></span>et <span class=\"_ _2\"></span>wit<span class=\"_ _2b\"></span>h an indefinite lif<span class=\"_ _0\"></span>e and, like al<span class=\"_ _0\"></span>l other</div>\n<div class=\"t m0 x7 h4f y8d0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e lives, the ca<span class=\"_ _0\"></span>rrying val<span class=\"_ _2b\"></span>ue of those</div>\n<div class=\"t m0 x7 h4f y8d1 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e life is assess<span class=\"_ _2b\"></span>ed annually, or mor<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y8d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">frequent<span class=\"_ _2b\"></span>ly, if events o<span class=\"_ _2b\"></span>r changes in ci<span class=\"_ _0\"></span>rcumst<span class=\"_ _2b\"></span>ances indicat<span class=\"_ _0\"></span>e that suc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x7 h4f y8d3 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> value may not b<span class=\"_ _2b\"></span>e recoverabl<span class=\"_ _0\"></span>e. If suc<span class=\"_ _0\"></span>h indicat<span class=\"_ _2b\"></span>ion exists, t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yb28 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt is determined for the c<span class=\"_ _2\"></span>ash<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">ge<span class=\"lse0 wsfa\">nerati<span class=\"_ _0\"></span>ng unit t<span class=\"_ _2b\"></span>o which </span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">goodwil<span class=\"_ _0\"></span>l belongs.<span class=\"_ _0\"></span> This amount<span class=\"_ _0\"></span> is then com<span class=\"_ _2b\"></span>pared to the carryi<span class=\"_ _0\"></span>ng amount</div>\n<div class=\"t m0 x7 h4f yb2a ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the cash<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generati<span class=\"_ _2\"></span>ng unit and an<span class=\"_ _2\"></span> impairment loss i<span class=\"_ _2\"></span>s recognised if <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recover<span class=\"_ _2b\"></span>able amount is l<span class=\"_ _0\"></span>ess tha<span class=\"_ _2b\"></span>n the carrying <span class=\"_ _0\"></span>amount.<span class=\"_ _0\"></span> Impairm<span class=\"_ _2b\"></span>ent losses</div>\n<div class=\"t m0 x7 h4f yb2c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are recogn<span class=\"_ _2\"></span>ised immed<span class=\"ws103\">iately in the inc<span class=\"_ _2\"></span>ome statement.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yb2d ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y962 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the event<span class=\"_ _0\"></span> of an impair<span class=\"_ _2b\"></span>ment loss, Ageas fi<span class=\"_ _0\"></span>rst reduc<span class=\"_ _0\"></span>es the carry<span class=\"_ _2b\"></span>ing</div>\n<div class=\"t m0 x7 h4f y963 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill all<span class=\"_ _0\"></span>ocated t<span class=\"_ _0\"></span>o the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span><span class=\"lse2\">generating<span class=\"_ _2\"></span> unit and then<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y964 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reduces t<span class=\"_ _0\"></span>he other ass<span class=\"_ _0\"></span>ets in the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generating un<span class=\"_ _2\"></span>it pro</span>-</span>rata on the</div>\n<div class=\"t m0 x7 h4f y965 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">basis of t<span class=\"_ _2b\"></span>he carrying a<span class=\"_ _0\"></span>mount of<span class=\"_ _0\"></span> each as<span class=\"_ _0\"></span>set in t<span class=\"_ _2b\"></span>he cash generat<span class=\"_ _0\"></span>ing un<span class=\"_ _0\"></span>it.</div>\n<div class=\"t m0 x7 h4f y966 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Previou<span class=\"_ _0\"></span>sly reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _2b\"></span>pairment losses r<span class=\"_ _0\"></span>elating t<span class=\"_ _0\"></span>o goodwil<span class=\"_ _0\"></span>l are not</div>\n<div class=\"t m0 x7 h4f y967 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reversed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 268px; width: 349px; z-index: 8;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag388": {
   "value": "\n<div class=\"t m0 x7 h55 y8d0 ffad fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f <span class=\"wsf1\">financial<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">assets</span> </span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A financial asse<span class=\"_ _2\"></span>t (or group of financial as<span class=\"_ _2\"></span>sets) classified as either</div>\n<div class=\"t m0 x7 h4f y8d2 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span>, loans and receiv<span class=\"_ _2\"></span>ables or held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-</span><span class=\"ws103\">maturity is dee<span class=\"_ _2\"></span>med </span></span></div>\n<div class=\"t m0 x7 h4f y8d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be impai<span class=\"_ _0\"></span>red if:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb28 ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 wsfa\">T<span class=\"_ _2\"></span>here is objective e<span class=\"_ _2\"></span>vidence of impairm<span class=\"_ _2\"></span>ent</span><span class=\"ffab\"> <span class=\"lse0 wsf0\">as a result of<span class=\"_ _0\"></span> one or more </span></span></span></div>\n<div class=\"t m0 x43 h4f yb29 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss eve<span class=\"_ _0\"></span>nts or t<span class=\"_ _0\"></span>rigger<span class=\"_ _0\"></span>s (e.g. s<span class=\"_ _2b\"></span>ignificant fin<span class=\"_ _2b\"></span>ancial diffic<span class=\"_ _0\"></span>ulty of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x43 h4f yb2a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issuer) t<span class=\"_ _0\"></span>hat have o<span class=\"_ _0\"></span>ccurred af<span class=\"_ _0\"></span>ter the ini<span class=\"_ _0\"></span>tial recog<span class=\"_ _2b\"></span>nition of the asset;<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x43 h4f yb2b ffab fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lsf3 ws11c\">Th<span class=\"lse0 wsf0\">at loss event (or ev<span class=\"_ _0\"></span>ents) has (o<span class=\"_ _0\"></span>r have) an im<span class=\"_ _0\"></span>pact on the </span></span></span></div>\n<div class=\"t m0 x43 h4f yb2d ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed future cash f<span class=\"_ _2b\"></span>lows of the fina<span class=\"_ _2b\"></span>ncial asset (o<span class=\"_ _0\"></span>r group o<span class=\"_ _0\"></span>f</div>\n<div class=\"t m0 x43 h4f y962 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span>that c<span class=\"_ _0\"></span>an be reliabl<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>est<span class=\"_ _0\"></span>imated.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y963 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y964 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For equit<span class=\"_ _0\"></span>y securiti<span class=\"_ _2b\"></span>es, the triggers us<span class=\"_ _0\"></span>ed to dete<span class=\"_ _0\"></span>rmine whet<span class=\"_ _2b\"></span>her <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is</div>\n<div class=\"t m0 x7 h4f y965 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve evide<span class=\"_ _0\"></span>nce of i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent inclu<span class=\"_ _2b\"></span>de, amongst ot<span class=\"_ _0\"></span>hers, th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y966 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration whether t<span class=\"_ _2b\"></span>he fair value is<span class=\"_ _2b\"></span> significantl<span class=\"_ _0\"></span>y (25%)<span class=\"_ _2b\"></span> below the</div>\n<div class=\"t m0 x7 h4f y967 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">carrying v<span class=\"_ _2\"></span>alue or has been b<span class=\"_ _2\"></span>elow the carrying <span class=\"_ _2\"></span>value for a prol<span class=\"_ _2\"></span>onged</div>\n<div class=\"t m0 x7 h4f y968 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period (<span class=\"_ _0\"></span>365 consec<span class=\"_ _2b\"></span>utive days) on the dat<span class=\"_ _0\"></span>e of the state<span class=\"_ _2b\"></span>me<span class=\"wsfa\">nt of financ<span class=\"_ _0\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y969 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Depend<span class=\"_ _0\"></span>ing on th<span class=\"_ _0\"></span>e type of <span class=\"_ _0\"></span>financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _0\"></span>, the r<span class=\"_ _0\"></span>ecovera<span class=\"_ _0\"></span>ble amo<span class=\"_ _0\"></span>unt can</div>\n<div class=\"t m0 x7 h4f y96c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">be estimat<span class=\"_ _2b\"></span>ed as follows: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair <span class=\"wsf0\">value us<span class=\"_ _0\"></span>ing an obs<span class=\"_ _0\"></span>ervable m<span class=\"_ _2b\"></span>arket price;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">The fair value <span class=\"_ _2b\"></span>using non<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">data<span class=\"_ _2\"></span></span>; </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y96f ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsf0\">Based on the</span><span class=\"ffab\"> <span class=\"lse0 wsfa\">fair val<span class=\"_ _2b\"></span>ue of the coll<span class=\"_ _0\"></span>ateral. <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y970 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y971 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If an available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-</span></span>sale asset<span class=\"_ _2\"></span> is determined to be impaired, t<span class=\"_ _2\"></span>he allowance</div>\n<div class=\"t m0 x7 h4f y972 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for impai<span class=\"_ _0\"></span>rment is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _0\"></span>ent. For imp<span class=\"_ _0\"></span>aired</div>\n<div class=\"t m0 x7 h4f y973 ffab fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-</span><span class=\"wsfa\">sale<span class=\"_ _2\"></span> assets, unrealised<span class=\"_ _2\"></span> losses previousl<span class=\"_ _2\"></span>y recognised in </span></div>\n<div class=\"t m0 x7 h4f y974 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other compr<span class=\"lse0 wsf0\">ehensive inco<span class=\"_ _0\"></span>me<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are transferred<span class=\"_ _2\"></span> to the income statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y975 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">when the i<span class=\"_ _2\"></span>mpairment occurs. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y977 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If, in a s<span class=\"_ _0\"></span>ubsequ<span class=\"_ _0\"></span>ent per<span class=\"_ _0\"></span>iod, th<span class=\"_ _0\"></span>e fair val<span class=\"_ _2b\"></span>ue of a debt inst<span class=\"_ _2b\"></span>rument classi<span class=\"_ _0\"></span>fied</div>\n<div class=\"t m0 x1a h4f y978 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as availa<span class=\"_ _0\"></span>ble<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span><span class=\"wsfa\">sal<span class=\"_ _2b\"></span>e increases an<span class=\"_ _0\"></span>d the inc<span class=\"_ _2b\"></span>rease object<span class=\"_ _0\"></span>ively rel<span class=\"_ _2b\"></span>ates to an </span></div>\n<div class=\"t m0 x1a h4f y979 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event occu<span class=\"_ _2b\"></span>rring after the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _2b\"></span>on of any allowance for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _2b\"></span>nt in</div>\n<div class=\"t m0 x1a h4f y97a ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the incom<span class=\"_ _0\"></span>e statement<span class=\"_ _2b\"></span>, the allowance f<span class=\"_ _0\"></span>or impair<span class=\"_ _0\"></span>ment is rev<span class=\"_ _0\"></span>ersed, wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f y97b ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the rev<span class=\"_ _2b\"></span>ersal <span class=\"lse2 wsf1\">being </span><span class=\"wsf0\">recognised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>. </span></div>\n<div class=\"t m0 x1a h4f y97c ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Further po<span class=\"_ _2b\"></span>sitive revaluat<span class=\"_ _0\"></span>ions of debt<span class=\"_ _0\"></span> instru<span class=\"_ _0\"></span>ments clas<span class=\"_ _2b\"></span>sified as a<span class=\"ls102 ws11d\">vailable<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f y97d ffab fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">for<span class=\"ls0 ws0\">-<span class=\"lsfb wsfa\">sal<span class=\"_ _2\"></span>e <span class=\"lse2\">is recognise<span class=\"_ _2\"></span>d</span></span> <span class=\"lse0 wsfa\">in oth<span class=\"_ _0\"></span>er comp<span class=\"_ _0\"></span>rehensiv<span class=\"_ _2b\"></span>e income.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb32 ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb33 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments on<span class=\"_ _2\"></span> an equity instrument class<span class=\"_ _2\"></span>ified as available<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">for<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">sale ar<span class=\"_ _0\"></span>e </span></span></span></div>\n<div class=\"t m0 x1a h4f yb34 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rev<span class=\"_ _0\"></span>ersed th<span class=\"_ _0\"></span>rough th<span class=\"_ _0\"></span>e income<span class=\"_ _2b\"></span> statement; i<span class=\"_ _0\"></span>ncrease<span class=\"_ _0\"></span>s in the<span class=\"_ _0\"></span>ir fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yb35 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">after imp<span class=\"_ _0\"></span>airment ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d directly<span class=\"_ _0\"></span> in ot<span class=\"lse2 wsfa\">her comprehensi<span class=\"_ _2\"></span>ve income.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 930px; height: 157px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 347px; height: 456px; width: 354px; z-index: 8;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag392": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x1a h55 y98b ffad fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"wsef\">financi<span class=\"_ _2b\"></span>al<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">liabilities</span> </span></span></div>\n<div class=\"t m0 x1a h4f y98c ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The IFRS classi<span class=\"_ _2\"></span>fication of financial liabil<span class=\"_ _2\"></span>ities determines their<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y98d ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment and re<span class=\"_ _2b\"></span>cognition in the i<span class=\"_ _0\"></span>ncome stat<span class=\"_ _2b\"></span>ement as follows<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98e ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse0 wsfa\">Financial liabilities at fair value through profit or loss include:<span class=\"wsef\"><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y98f ffab fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">i)  Financial liabilities held-for-trading<span class=\"ls102 ws115\"><span class=\"lsfc\"><span class=\"ls0 ws0\"><span class=\"lse2 wsfa\">, including<span class=\"_ _2\"></span> derivative </span></span></span></span></div>\n<div class=\"t m0 x1e6 h4f y990 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> that do not qualify for hedge<span class=\"_ _2\"></span> accounting; and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f y991 ffab fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">ii)<span class=\"ffaf ls0 ws0\"> <span class=\"_ _22\"> </span></span><span class=\"lse2 wsfa\">Financial l<span class=\"_ _2\"></span>iabilities that Agea<span class=\"_ _2\"></span>s has irrevocabl<span class=\"_ _2\"></span>y designated at </span></div>\n<div class=\"t m0 x1e6 h4f y992 ffab fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initial re<span class=\"_ _2\"></span>cognition or at f<span class=\"_ _2\"></span>irst<span class=\"ls0 ws0\">-</span><span class=\"ws103\">time adoption<span class=\"_ _2\"></span> of IFRS as held at f<span class=\"lse0 wsef\">air </span></span></div>\n<div class=\"t m0 x1e6 h4f y993 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss, b<span class=\"_ _0\"></span>ecause:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1e6 h4f y994 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lse0 wsf0\">The host contrac<span class=\"_ _0\"></span>t inclu<span class=\"_ _0\"></span>des an embe<span class=\"_ _0\"></span>dded deri<span class=\"_ _0\"></span>vative th<span class=\"_ _2b\"></span>at </span></span></div>\n<div class=\"t m0 x23 h4f y995 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">would othe<span class=\"_ _2b\"></span>rwise require se<span class=\"_ _0\"></span>paratio<span class=\"_ _2b\"></span>n;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1e6 h4f y996 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lse0 wsf0\">It eliminates o<span class=\"_ _0\"></span>r signific<span class=\"_ _0\"></span>antly red<span class=\"_ _0\"></span>uces a meas<span class=\"_ _0\"></span>urement o<span class=\"_ _2b\"></span>r </span></span></div>\n<div class=\"t m0 x23 h4f y997 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion inconsiste<span class=\"_ _0\"></span>ncy (\u2018acc<span class=\"_ _0\"></span>ountin<span class=\"_ _0\"></span>g mismatch<span class=\"_ _2b\"></span>\u2019)<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">or</span> </span></div>\n<div class=\"t m0 x1e6 h4f y9c8 ffb0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffaf\"> <span class=\"_ _5b\"> </span><span class=\"ffab lsf4 ws10c\">It <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">rel<span class=\"_ _0\"></span>ates to a <span class=\"_ _0\"></span>group of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial asset<span class=\"_ _2b\"></span>s and/or liabi<span class=\"_ _0\"></span>lities t<span class=\"_ _2b\"></span>hat </span></span></span></div>\n<div class=\"t m0 x23 h4f y9c9 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are mana<span class=\"_ _0\"></span>ged and of whic<span class=\"_ _0\"></span>h the perfo<span class=\"_ _2b\"></span>rmance is evaluat<span class=\"_ _0\"></span>ed on a</div>\n<div class=\"t m0 x23 h4f y9ca ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e basis.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cb ffae fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffaf\"> <span class=\"_ _46\"> </span><span class=\"ffab lse2 ws103\">O<span class=\"_ _2\"></span>ther financial liabili<span class=\"_ _2\"></span>ties are initially recognised<span class=\"_ _2\"></span> at fair value less </span></span></div>\n<div class=\"t m0 x6c h4f y9cc ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion costs. Subse<span class=\"_ _0\"></span>quently<span class=\"_ _0\"></span>, other fi<span class=\"_ _0\"></span>nan<span class=\"ls102 ws115\">cial liabili<span class=\"_ _2\"></span>ties are </span></div>\n<div class=\"t m0 x6c h4f y9cd ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at amort<span class=\"_ _0\"></span>ised cost us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _2b\"></span>ective interest met<span class=\"_ _2b\"></span>hod,</div>\n<div class=\"t m0 x6c h4f y9ce ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with the per<span class=\"_ _0\"></span>iodic am<span class=\"_ _0\"></span>ortisat<span class=\"_ _0\"></span>ion reco<span class=\"_ _0\"></span>rded in the inc<span class=\"_ _0\"></span>ome state<span class=\"_ _0\"></span>ment.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cf ffab fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d0 ffab fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Subordinated lia<span class=\"_ _2\"></span>bilities and borrowings ar<span class=\"_ _2\"></span>e initially recognised at fa<span class=\"_ _2\"></span>ir</div>\n<div class=\"t m0 x1a h4f y9d1 ffab fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value les<span class=\"_ _2b\"></span>s <span class=\"wsf0\">transacti<span class=\"_ _0\"></span>on costs and a<span class=\"_ _0\"></span>re subse<span class=\"_ _0\"></span>quently me<span class=\"_ _2b\"></span>asured at </span></div>\n<div class=\"t m0 x1a h4f y9d2 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost usi<span class=\"_ _2b\"></span>ng the effective int<span class=\"_ _2b\"></span>erest method, wit<span class=\"_ _2b\"></span>h the periodic</div>\n<div class=\"t m0 x1a h4f y9d3 ffab fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ation rec<span class=\"_ _2b\"></span>orded in the income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 388px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 388px; width: 334px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y892 ffe8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.12<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span>Debt <span class=\"_ _2\"></span><span class=\"lsfb wsfa\">certifi<span class=\"_ _2\"></span>cates<span class=\"lse2\">, subord<span class=\"_ _2\"></span>inated liabilities<span class=\"_ _2\"></span> and other borrowin<span class=\"_ _2\"></span>gs<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y893 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Debt certi<span class=\"_ _2\"></span>ficates, subordinated<span class=\"_ _2\"></span> liabilities and o<span class=\"_ _2\"></span>ther borrowings are<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y894 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">initiall<span class=\"_ _0\"></span>y recog<span class=\"_ _0\"></span>nised at<span class=\"_ _0\"></span> fair val<span class=\"_ _2b\"></span>ue including d<span class=\"_ _0\"></span>irect t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ion cost<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y895 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">incurred. Su<span class=\"_ _2\"></span>bsequently, they are<span class=\"_ _2\"></span> measured at amor<span class=\"_ _2\"></span>tised cost, and <span class=\"_ _2\"></span>any</div>\n<div class=\"t m0 x7 h4f y896 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">difference be<span class=\"_ _2\"></span>tween net proceed<span class=\"_ _2\"></span>s and the redempti<span class=\"lse0 wsf0\">on value is </span></div>\n<div class=\"t m0 x7 h4f y897 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent over the p<span class=\"_ _0\"></span>eriod of t<span class=\"_ _2b\"></span>he borrowing<span class=\"ls0 ws0\">, </span></div>\n<div class=\"t m0 x7 h4f y898 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using the eff<span class=\"_ _2b\"></span>ective interes<span class=\"_ _0\"></span>t method.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y899 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y89a ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Debt tha<span class=\"_ _0\"></span>t can be c<span class=\"_ _2b\"></span>onverted int<span class=\"_ _0\"></span>o a fixe<span class=\"_ _0\"></span>d number <span class=\"_ _0\"></span>of <span class=\"lse2 wsf1\">Ageas's <span class=\"wsfa\">own s<span class=\"_ _2\"></span>hares is </span></span></div>\n<div class=\"t m0 x7 h4f y89b ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">separated in<span class=\"_ _2\"></span>to two components<span class=\"_ _2\"></span> on initial recogni<span class=\"_ _2\"></span>tion: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89c ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 ls102 ws129\">A<span class=\"_ _2\"></span> liabilit<span class=\"lse0 wsf0\">y instrument<span class=\"_ _0\"></span>, determ<span class=\"_ _0\"></span>ined by meas<span class=\"_ _2b\"></span>uring the fair valu<span class=\"_ _0\"></span>e of a </span></span></span></div>\n<div class=\"t m0 x43 h4f y89d ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">similar l<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> (includ<span class=\"_ _0\"></span>ing any emb<span class=\"_ _0\"></span>edded non<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">equity derivative </span></span></div>\n<div class=\"t m0 x43 h4f y89e ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">features) tha<span class=\"_ _2\"></span>t do not have an associated equ<span class=\"_ _2\"></span>ity component; and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89f ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsfa\">An equity inst<span class=\"_ _0\"></span>rument,<span class=\"_ _0\"></span> of whi<span class=\"_ _0\"></span>ch the c<span class=\"_ _0\"></span>arrying <span class=\"_ _0\"></span>amount r<span class=\"_ _0\"></span>eprese<span class=\"_ _0\"></span>nts the </span></span></div>\n<div class=\"t m0 x43 h4f y8a0 ffe8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">optio<span class=\"wsfa\">n t<span class=\"_ _0\"></span>o conve<span class=\"_ _0\"></span>rt the inst<span class=\"_ _2b\"></span>rument into c<span class=\"_ _0\"></span>ommon sh<span class=\"_ _2b\"></span>ares, determi<span class=\"_ _0\"></span>ned </span></div>\n<div class=\"t m0 x43 h4f y8a1 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by deduct<span class=\"_ _0\"></span>ing the car<span class=\"_ _0\"></span>rying amo<span class=\"_ _0\"></span>unt of the fi<span class=\"_ _0\"></span>nancial li<span class=\"_ _2b\"></span>ability from the</div>\n<div class=\"t m0 x43 h4f y8a2 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the com<span class=\"_ _2b\"></span>pound instrum<span class=\"_ _2b\"></span>ent as a whole.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a3 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2e ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">If Ageas<span class=\"_ _2\"></span> redeems the debt<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsef\">cert<span class=\"_ _2b\"></span>ificates<span class=\"lse2 wsfa\">, subordinated<span class=\"_ _2\"></span> liabilities and o<span class=\"_ _2\"></span>ther </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2f ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">borrow<span class=\"lse0 wsf0\">ings, these ar<span class=\"_ _2b\"></span>e removed from the st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> of financi<span class=\"_ _0\"></span>al positi<span class=\"_ _0\"></span>on </span></div>\n<div class=\"t m0 x7 h4f yb30 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce betw<span class=\"_ _2b\"></span>een the carryi<span class=\"_ _2b\"></span>ng amount of t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _0\"></span>y and t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f yb31 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration paid is i<span class=\"_ _0\"></span>nclude<span class=\"_ _0\"></span>d in the i<span class=\"_ _2b\"></span>ncome stateme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 346px; width: 354px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag409": {
   "value": "\n<div class=\"t m0 x7 h55 y802 ffb3 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Transaction co<span class=\"_ _2\"></span>sts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Transac<span class=\"_ _0\"></span>tion cost<span class=\"_ _0\"></span>s on financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span><span class=\"wsfa\">uments r<span class=\"_ _2b\"></span>efer to the inc<span class=\"_ _0\"></span>rementa<span class=\"_ _0\"></span>l costs </span></div>\n<div class=\"t m0 x7 h4f y804 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">directl<span class=\"_ _0\"></span>y attribut<span class=\"_ _2b\"></span>able to the acquisit<span class=\"_ _2b\"></span>ion or disposal of a fi<span class=\"_ _0\"></span>nancial as<span class=\"_ _0\"></span>set or</div>\n<div class=\"t m0 x7 h4f y805 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y. They inc<span class=\"_ _2b\"></span>lude fees and commi<span class=\"_ _0\"></span>ssions pa<span class=\"_ _0\"></span>id to agents,<span class=\"_ _0\"></span> advisers<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y806 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">brokers an<span class=\"_ _2b\"></span>d dealers, levies im<span class=\"_ _0\"></span>posed by<span class=\"_ _0\"></span> regulato<span class=\"_ _0\"></span>ry agenci<span class=\"_ _2b\"></span>es and</div>\n<div class=\"t m0 x7 h4f y807 ffb1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span><span class=\"lse2 ws103\">ies exchanges as<span class=\"_ _2\"></span> well as transfer taxes and duties. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Those tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _0\"></span>n costs ar<span class=\"_ _0\"></span>e include<span class=\"_ _0\"></span>d in the initi<span class=\"_ _0\"></span>al measure<span class=\"_ _0\"></span>ment of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y80a ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial asse<span class=\"_ _2\"></span>t or liability, except if<span class=\"_ _2\"></span> the financial asset or liab<span class=\"_ _2\"></span>ility is</div>\n<div class=\"t m0 x7 h4f y80b ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss, in w<span class=\"_ _2b\"></span>hich<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">ca<span class=\"_ _2b\"></span>se transaction </span></div>\n<div class=\"t m0 x7 h4f y80c ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">costs are <span class=\"_ _2\"></span>directly expensed.<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 929px; height: 163px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x1a h55 ybf9 ffc7 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Borrowing cos<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfa ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Borrowing <span class=\"_ _2\"></span>costs are generall<span class=\"_ _2\"></span>y expensed as incurre<span class=\"_ _2\"></span>d. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfb ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Borrow<span class=\"_ _0\"></span>ing cost<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e direct<span class=\"_ _0\"></span>ly attr<span class=\"_ _0\"></span>ibutabl<span class=\"_ _0\"></span>e to the<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f ybfd ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ction of an as<span class=\"_ _0\"></span>set are ca<span class=\"_ _0\"></span>pitalis<span class=\"_ _0\"></span>ed while the as<span class=\"_ _0\"></span>set is bei<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f ybfe ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>cted, as p<span class=\"_ _0\"></span>art of the cost<span class=\"_ _0\"></span> of that asset.<span class=\"_ _0\"></span> Capita<span class=\"_ _0\"></span>lisation of<span class=\"_ _0\"></span> borrow<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f ybff ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">costs sho<span class=\"_ _0\"></span>uld commen<span class=\"_ _2b\"></span>ce when: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc00 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 ws103\">E<span class=\"_ _2\"></span>xpenditures for the asset and<span class=\"_ _2\"></span> borrowing costs are being <span class=\"wsf1\">i<span class=\"_ _2\"></span>ncurred</span></span><span class=\"ffc5\">; </span></span></div>\n<div class=\"t m0 x6c h4f yc01 ffc5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc02 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">Activities ne<span class=\"_ _0\"></span>cessar<span class=\"_ _0\"></span>y to prep<span class=\"_ _0\"></span>are the a<span class=\"_ _2b\"></span>sset for its i<span class=\"_ _0\"></span>ntended <span class=\"_ _0\"></span>use or sa<span class=\"_ _0\"></span>le </span></span></div>\n<div class=\"t m0 x6c h4f yc03 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are in pro<span class=\"_ _2\"></span>gress. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc04 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc05 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Capital<span class=\"_ _0\"></span>isation <span class=\"_ _2b\"></span>of borrowing c<span class=\"_ _2b\"></span>osts ceases wh<span class=\"_ _2b\"></span>en the asset is s<span class=\"_ _2b\"></span>ubstantially</div>\n<div class=\"t m0 x1a h4f yc06 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ready f<span class=\"_ _0\"></span>or its int<span class=\"_ _0\"></span>ended us<span class=\"_ _2b\"></span>e or sale. If a<span class=\"_ _0\"></span>ctive dev<span class=\"_ _2b\"></span>elopment is i<span class=\"_ _0\"></span>nterru<span class=\"_ _0\"></span>pted for</div>\n<div class=\"t m0 x1a h4f yc07 ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">an<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">extended period<span class=\"_ _2\"></span>, capitalisation is suspended<span class=\"_ _2\"></span>. Where construction </span></span></div>\n<div class=\"t m0 x1a h4f yc08 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occurs pi<span class=\"_ _0\"></span>ecemeal,<span class=\"_ _0\"></span> and use of eac<span class=\"_ _0\"></span>h part is poss<span class=\"_ _2b\"></span>ible as construct<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f yc09 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ues, cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ation for <span class=\"_ _2b\"></span>each part ceas<span class=\"_ _2b\"></span>es upon substant<span class=\"_ _2b\"></span>ial</div>\n<div class=\"t m0 x1a h4f yc0a ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complet<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>hat part.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc0b ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc0c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For a borrowing asso<span class=\"_ _2\"></span>ciated with a specific ass<span class=\"_ _2\"></span>et, the actual rate on that<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc0d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ing is appli<span class=\"_ _0\"></span>ed. Othe<span class=\"_ _0\"></span>rwise, a wei<span class=\"_ _0\"></span>ghted av<span class=\"_ _0\"></span>erage cost<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of bor<span class=\"_ _0\"></span>rowings</div>\n<div class=\"t m0 x1a h4f yc0e ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is applied<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 340px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For qualif<span class=\"_ _0\"></span>ying ass<span class=\"_ _0\"></span>ets comme<span class=\"_ _0\"></span>ncing on or b<span class=\"_ _0\"></span>efore 1 Jan<span class=\"_ _0\"></span>uary 200<span class=\"_ _0\"></span>8,</div>\n<div class=\"t m0 x7 h4f y803 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowing <span class=\"_ _2\"></span>costs that were di<span class=\"_ _2\"></span>rectly<span class=\"ls0 ws0\"> </span><span class=\"lse0\">attribut<span class=\"_ _2b\"></span>able to the ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on, </span></div>\n<div class=\"t m0 x7 h4f y804 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ction or pr<span class=\"_ _0\"></span>oductio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>of a qua<span class=\"_ _0\"></span>lifyin<span class=\"_ _0\"></span>g asset (i.e.<span class=\"_ _0\"></span> an asset th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y805 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">necess<span class=\"_ _0\"></span>arily took a s<span class=\"_ _0\"></span>ubstant<span class=\"_ _0\"></span>ial peri<span class=\"_ _0\"></span>od of time to get re<span class=\"_ _0\"></span>ady for its<span class=\"_ _0\"></span> intended</div>\n<div class=\"t m0 x7 h4f y806 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">use or <span class=\"_ _2\"></span>sale) were expensed<span class=\"_ _2\"></span> as incurred.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 73px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y898 ffcf fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.7 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Lea<span class=\"_ _2\"></span>sed</span> <span class=\"lse0 wsef\">assets<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 y9b2 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas as a<span class=\"_ _2\"></span> lessor<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9b3 ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Assets leas<span class=\"_ _2\"></span>ed under an oper<span class=\"_ _2\"></span>ating lease are rec<span class=\"_ _2\"></span>orded on <span class=\"wsf1\">the<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y9b4 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of financial po<span class=\"_ _2\"></span>sition under \u2018investment prope<span class=\"_ _2\"></span>rty\u2019 (buildings) and</div>\n<div class=\"t m0 x7 h4f y9b5 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">\u2018prope<span class=\"_ _0\"></span>rty, plant<span class=\"_ _0\"></span> and equipme<span class=\"_ _2b\"></span>nt\u2019 (equipment an<span class=\"_ _0\"></span>d motor veh<span class=\"_ _0\"></span>icles). T<span class=\"_ _2b\"></span>hose</div>\n<div class=\"t m0 x7 h4f y9b6 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>re recorded at<span class=\"_ _0\"></span> cost less<span class=\"_ _2b\"></span> accumulated <span class=\"_ _0\"></span>depreci<span class=\"_ _0\"></span>ation.<span class=\"_ _0\"></span> Rental</div>\n<div class=\"t m0 x7 h4f y9b7 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income,<span class=\"_ _0\"></span> net of any inc<span class=\"_ _0\"></span>entives<span class=\"_ _0\"></span> given to less<span class=\"lse2 wsfa\">ees, is recognised on a<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9b8 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">straight<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">lin<span class=\"_ _0\"></span>e basis ov<span class=\"_ _2b\"></span>er the lease t<span class=\"_ _0\"></span>erm. Init<span class=\"_ _0\"></span>ial dire<span class=\"_ _2b\"></span>ct costs incur<span class=\"_ _2b\"></span>red by </span></span></div>\n<div class=\"t m0 x7 h4f y9b9 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas a<span class=\"_ _0\"></span>re added t<span class=\"_ _2b\"></span>o the carryin<span class=\"_ _0\"></span>g amount<span class=\"_ _0\"></span> of the l<span class=\"_ _0\"></span>eased a<span class=\"_ _0\"></span>sset and a<span class=\"_ _2b\"></span>re</div>\n<div class=\"t m0 x7 h4f y9ba ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as an<span class=\"_ _2b\"></span> expense over t<span class=\"_ _2b\"></span>he lease term o<span class=\"_ _0\"></span>n the sa<span class=\"_ _2b\"></span>me basis as the</div>\n<div class=\"t m0 x7 h4f y9bb ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rental inc<span class=\"_ _2b\"></span>ome.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d4 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d5 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">also entere<span class=\"_ _0\"></span>d into fi<span class=\"_ _0\"></span>nance l<span class=\"_ _0\"></span>ease tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _2b\"></span>ns, in which </span></span></div>\n<div class=\"t m0 x7 h4f y8d6 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">substant<span class=\"_ _2b\"></span>ially all the risks an<span class=\"_ _0\"></span>d rewards re<span class=\"_ _0\"></span>lated to ow<span class=\"_ _0\"></span>nershi<span class=\"_ _2b\"></span>p <span class=\"_ _2\"></span>of the le<span class=\"_ _2b\"></span>ased</div>\n<div class=\"t m0 x7 h4f y8d7 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets, <span class=\"_ _0\"></span>other t<span class=\"_ _0\"></span>han the l<span class=\"_ _0\"></span>egal tit<span class=\"_ _0\"></span>le, are t<span class=\"_ _2b\"></span>ransferred t<span class=\"_ _0\"></span>o the <span class=\"lse2 wsf1\">lessee<span class=\"lsf4 ws114\">. Assets </span></span></div>\n<div class=\"t m0 x1a h4f y8d8 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">leased u<span class=\"_ _0\"></span>nder a f<span class=\"_ _0\"></span>inance l<span class=\"_ _0\"></span>ease ar<span class=\"_ _0\"></span>e present<span class=\"_ _2b\"></span>ed as a rec<span class=\"wsf0\">eiv<span class=\"_ _0\"></span>able at an </span></div>\n<div class=\"t m0 x1a h4f y8d9 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount e<span class=\"_ _2b\"></span>qual to the net <span class=\"_ _2b\"></span>investment in<span class=\"_ _0\"></span> the leas<span class=\"_ _0\"></span>e. The n<span class=\"_ _0\"></span>et invest<span class=\"_ _2b\"></span>ment in</div>\n<div class=\"t m0 x1a h4f y9bc ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the leas<span class=\"_ _0\"></span>e compr<span class=\"_ _0\"></span>ises th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>e of the l<span class=\"_ _2b\"></span>ease payments<span class=\"_ _0\"></span> and any<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y9bd ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value <span class=\"_ _0\"></span>guarant<span class=\"_ _0\"></span>ee. Th<span class=\"_ _0\"></span>e differe<span class=\"_ _2b\"></span>nce between th<span class=\"_ _2b\"></span>e asset and th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y9be ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value of<span class=\"_ _0\"></span> the rec<span class=\"_ _0\"></span>eivabl<span class=\"_ _0\"></span>e is r<span class=\"wsf0\">ecog<span class=\"_ _2b\"></span>nised as unearned f<span class=\"_ _0\"></span>inance </span></div>\n<div class=\"t m0 x1a h4f y9bf ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">income. Finance<span class=\"_ _2\"></span> income is recognised over<span class=\"_ _2\"></span> the term of the lease based</div>\n<div class=\"t m0 x1a h4f y9c0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on a patter<span class=\"_ _0\"></span>n reflect<span class=\"_ _0\"></span>ing a consta<span class=\"_ _0\"></span>nt period<span class=\"_ _2b\"></span>ic rate of return on th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y9c1 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding net <span class=\"_ _0\"></span>invest<span class=\"_ _2b\"></span>ment in the fin<span class=\"_ _0\"></span>ance le<span class=\"_ _0\"></span>ase. Init<span class=\"_ _2b\"></span>ial direct cost<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f y97e ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d by Ageas ar<span class=\"lse2 wsfa\">e included in the i<span class=\"_ _2\"></span>nitial measurement o<span class=\"_ _2\"></span>f the net </span></div>\n<div class=\"t m0 x1a h4f y97f ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent in the lease and redu<span class=\"_ _2b\"></span>ce the amount of inc<span class=\"_ _0\"></span>ome recog<span class=\"_ _0\"></span>nised</div>\n<div class=\"t m0 x1a h4f y980 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">over th<span class=\"_ _0\"></span>e lease t<span class=\"_ _0\"></span>erm.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 ycb4 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas as a<span class=\"_ _2\"></span> lessee<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycb5 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas l<span class=\"_ _0\"></span>eases lan<span class=\"_ _2b\"></span>d, buildings, e<span class=\"_ _2b\"></span>quipment an<span class=\"_ _0\"></span>d motor ve<span class=\"_ _2b\"></span>hicles. The l<span class=\"_ _0\"></span>ease</div>\n<div class=\"t m0 x1a h4f ycb6 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">terms are n<span class=\"_ _0\"></span>egotiat<span class=\"_ _2b\"></span>ed on an individual<span class=\"_ _0\"></span> basis and cont<span class=\"_ _0\"></span>ain a wide ran<span class=\"_ _0\"></span>ge of</div>\n<div class=\"t m0 x1a h4f ycb7 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">different term<span class=\"_ _2\"></span>s and conditions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y985 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y986 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A <span class=\"lse2 ws103\">si<span class=\"_ _2\"></span>ngle measurement model applie<span class=\"_ _2\"></span>s to assets leased under bot<span class=\"_ _2\"></span>h </span></div>\n<div class=\"t m0 x1a h4f y987 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operating and f<span class=\"_ _2\"></span>inance lease transactions, re<span class=\"_ _2\"></span>sulting in the recognition of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y988 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a right<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">use asset and a leas<span class=\"_ _2b\"></span>e liability.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y989 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y98a ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liability com<span class=\"_ _0\"></span>prises t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _2b\"></span>e of followin<span class=\"_ _0\"></span>g lease</div>\n<div class=\"t m0 x1a h4f y98b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s that a<span class=\"_ _0\"></span>re not p<span class=\"_ _0\"></span>aid at t<span class=\"_ _0\"></span>he comme<span class=\"_ _0\"></span>ncement<span class=\"_ _0\"></span> date, <span class=\"_ _0\"></span>includi<span class=\"_ _0\"></span>ng leas<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y98c ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s to be made u<span class=\"_ _0\"></span>nder reaso<span class=\"_ _2b\"></span>nably certain exte<span class=\"_ _2b\"></span>nsion options:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98d ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 ws103\">F<span class=\"_ _2\"></span>ixed payments (including in</span><span class=\"ffcf\">-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">substance fixed pa<span class=\"_ _2\"></span>yments) <span class=\"ws103\">less any </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y98e ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease incentiv<span class=\"_ _2\"></span>es receivable;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98f ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 wsfa\">Va<span class=\"_ _2\"></span>riable lease paym<span class=\"_ _2\"></span>ents that depend <span class=\"_ _2\"></span>on an index or<span class=\"_ _2\"></span> a rate, initiall<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x6c h4f y990 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d using th<span class=\"_ _0\"></span>e index or rate as<span class=\"_ _0\"></span> at the comm<span class=\"_ _0\"></span>encement<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>dat<span class=\"_ _0\"></span>e;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y991 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Amounts expect<span class=\"_ _0\"></span>ed to be payab<span class=\"_ _2b\"></span>le by Ageas under res<span class=\"_ _0\"></span>idual va<span class=\"_ _0\"></span>lue </span></span></div>\n<div class=\"t m0 x6c h4f y992 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">guarantees;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y993 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">The exercise p<span class=\"lse2 wsfa\">rice of a purchas<span class=\"_ _2\"></span>e option if Ageas<span class=\"_ _2\"></span> is reasonably </span></span></span></div>\n<div class=\"t m0 x6c h4f y994 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n to exercis<span class=\"_ _0\"></span>e that opt<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f y995 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 ws103\">Pa<span class=\"_ _2\"></span>yments of penalties for<span class=\"_ _2\"></span> terminating the lease, if the<span class=\"_ _2\"></span> lease term </span></span></div>\n<div class=\"t m0 x6c h4f y996 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflects<span class=\"_ _0\"></span> Ageas exe<span class=\"_ _0\"></span>rcisin<span class=\"_ _0\"></span>g that optio<span class=\"_ _0\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y997 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c8 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liability is<span class=\"_ _0\"></span> discount<span class=\"_ _2b\"></span>ed applying th<span class=\"_ _0\"></span>e intere<span class=\"_ _2b\"></span>st rate implic<span class=\"_ _0\"></span>it in the<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y9c9 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease. If that ra<span class=\"_ _2\"></span>te cannot be readily determi<span class=\"_ _2\"></span>ned, <span class=\"wsf1\">Ageas's <span class=\"lse0 wsef\">increment<span class=\"_ _0\"></span>al </span></span></div>\n<div class=\"t m0 x1a h4f y9ca ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowing r<span class=\"_ _2\"></span>ate is applied. A<span class=\"_ _2\"></span>s incremental borro<span class=\"_ _2\"></span>wing rate, Ageas<span class=\"_ _2\"></span> applies</div>\n<div class=\"t m0 x1a h4f y9cb ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a globa<span class=\"_ _0\"></span>l availa<span class=\"_ _0\"></span>ble comp<span class=\"_ _0\"></span>osite cu<span class=\"_ _0\"></span>rve, whic<span class=\"_ _2b\"></span>h is based on a <span class=\"_ _0\"></span>sample of</div>\n<div class=\"t m0 x1a h4f y9cc ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">existing secondar<span class=\"_ _2\"></span>y bonds from fina<span class=\"lse0 wsf0\">ncial issu<span class=\"_ _0\"></span>ers in the A rang<span class=\"_ _2b\"></span>e, </span></div>\n<div class=\"t m0 x1a h4f y9cd ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed by a risk premium. F<span class=\"_ _0\"></span>or car parks<span class=\"_ _0\"></span>, a risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">free rate equal to the<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f y9ce ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate swap f<span class=\"_ _0\"></span>or a similar du<span class=\"_ _0\"></span>ration,<span class=\"_ _0\"></span> increase<span class=\"_ _2b\"></span>d by a risk premium, is</div>\n<div class=\"t m0 x1a h4f y9cf ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">applied. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9d0 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d1 ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The carryin<span class=\"_ _2\"></span>g amount of the<span class=\"_ _2\"></span> lease liability s<span class=\"_ _2\"></span>ubsequently increases<span class=\"_ _2\"></span> <span class=\"lsf4 ws10c\">to </span></div>\n<div class=\"t m0 x1a h4f y9d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reflect i<span class=\"_ _2b\"></span>nterest on the <span class=\"_ _0\"></span>lease l<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> and red<span class=\"_ _2b\"></span>uces to reflect<span class=\"_ _2b\"></span> the lease</div>\n<div class=\"t m0 x1a h4f y9d3 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s made. The l<span class=\"_ _0\"></span>ease liabi<span class=\"_ _2b\"></span>lity is remeasur<span class=\"_ _0\"></span>ed in order to r<span class=\"_ _2b\"></span>eflect</div>\n<div class=\"t m0 x1a h4f y9d4 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease mod<span class=\"_ _2b\"></span>ifications or chan<span class=\"_ _2b\"></span>ges in the lease payme<span class=\"_ _0\"></span>nts, inc<span class=\"_ _0\"></span>luding a</div>\n<div class=\"t m0 x1a h4f y9d5 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">change i<span class=\"_ _0\"></span>n an inde<span class=\"_ _2b\"></span>x or a rate use<span class=\"_ _0\"></span>d to dete<span class=\"_ _0\"></span>rmin<span class=\"wsf0\">e thos<span class=\"_ _2b\"></span>e payments. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 766px; width: 349px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 247px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>erest on t<span class=\"_ _2b\"></span>he lease lia<span class=\"_ _0\"></span>bility i<span class=\"_ _0\"></span>n each per<span class=\"_ _2b\"></span>iod represent<span class=\"_ _0\"></span>s the amo<span class=\"_ _2b\"></span>unt</div>\n<div class=\"t m0 x7 h4f y803 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that pr<span class=\"_ _0\"></span>oduces a c<span class=\"_ _2b\"></span>onstant perio<span class=\"_ _2b\"></span>dic rate of int<span class=\"_ _0\"></span>erest o<span class=\"_ _0\"></span>n the rem<span class=\"_ _0\"></span>aining</div>\n<div class=\"t m0 x7 h4f y804 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">balance of<span class=\"_ _0\"></span> the lease li<span class=\"_ _2b\"></span>ability. The inte<span class=\"_ _0\"></span>rest on the le<span class=\"_ _0\"></span>ase <span class=\"ls106 ws115\">liabi<span class=\"_ _0\"></span>lity is </span></div>\n<div class=\"t m0 x7 h4f y805 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent, together <span class=\"_ _0\"></span>with th<span class=\"_ _0\"></span>e varia<span class=\"_ _0\"></span>ble leas<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y806 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s not inclu<span class=\"_ _0\"></span>ded in the meas<span class=\"_ _2b\"></span>urement of the leas<span class=\"_ _2b\"></span>e liability in the</div>\n<div class=\"t m0 x7 h4f y807 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period in<span class=\"_ _2\"></span> which the event or<span class=\"_ _2\"></span> condition that <span class=\"_ _2\"></span>triggers those p<span class=\"_ _2\"></span>ayments</div>\n<div class=\"t m0 x7 h4f y808 ffd4 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">occurs.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The right<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse1 ws11d\">use asset is <span class=\"_ _2\"></span><span class=\"ls102\">initially <span class=\"lse0 wsfa\">measured at c<span class=\"_ _2b\"></span>ost and compri<span class=\"_ _0\"></span>ses the </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y80b ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">initial l<span class=\"_ _2b\"></span>ease liability<span class=\"_ _2b\"></span> recognised, <span class=\"_ _0\"></span>adjusted <span class=\"_ _0\"></span>for any<span class=\"_ _0\"></span> lease p<span class=\"_ _0\"></span>ayments<span class=\"_ _0\"></span> made</div>\n<div class=\"t m0 x7 h4f y80c ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at or befor<span class=\"_ _0\"></span>e the comme<span class=\"_ _0\"></span>ncement<span class=\"_ _0\"></span> of the lease, any<span class=\"_ _0\"></span> lease ince<span class=\"_ _2b\"></span>ntives</div>\n<div class=\"t m0 x7 h4f y80d ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d, <span class=\"_ _2\"></span>any i<span class=\"_ _2b\"></span>nitial direct costs<span class=\"_ _0\"></span> incurr<span class=\"_ _0\"></span>ed by Ageas an<span class=\"_ _0\"></span>d an estim<span class=\"_ _0\"></span>ate of</div>\n<div class=\"t m0 x7 h4f y80e ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">t<span class=\"lse0 wsfa\">he costs t<span class=\"_ _0\"></span>o be inc<span class=\"_ _0\"></span>urred in <span class=\"_ _0\"></span>dismant<span class=\"_ _0\"></span>ling an<span class=\"_ _0\"></span>d removi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nderly<span class=\"_ _0\"></span>ing </span></div>\n<div class=\"t m0 x7 h4f y80f ffd4 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">asset. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y810 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90a ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subsequently,<span class=\"_ _2\"></span> the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsf0\">use asset is meas<span class=\"_ _0\"></span>ured at cost<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>less<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y90b ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accumu<span class=\"_ _0\"></span>lated dep<span class=\"_ _0\"></span>reciat<span class=\"_ _0\"></span>ion and any i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent losses.<span class=\"_ _0\"></span> The right<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsef\">use </span></span></div>\n<div class=\"t m0 x7 h4f y90c ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">asset is<span class=\"_ _0\"></span> deprec<span class=\"_ _0\"></span>iated o<span class=\"_ _0\"></span>n a strai<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">line basis over the s<span class=\"_ _0\"></span>horter of t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y90d ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset\u2019s<span class=\"_ _0\"></span> useful lif<span class=\"_ _0\"></span>e and the leas<span class=\"_ _0\"></span>e term. Simi<span class=\"_ _0\"></span>lar to othe<span class=\"_ _0\"></span>r non<span class=\"ls0 ws0\">-</span><span class=\"wsef\">financ<span class=\"_ _2b\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y90e ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets, a ri<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">use asset is impaired when<span class=\"_ _2\"></span> its carrying amount </span></span></span></div>\n<div class=\"t m0 x7 h4f y90f ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">exceeds it<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">recov<span class=\"_ _0\"></span>erable a<span class=\"_ _0\"></span>mount. Th<span class=\"_ _0\"></span>e depreci<span class=\"_ _0\"></span>ation of the ri<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">us<span class=\"_ _2\"></span>e </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y910 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset and r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion of any<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">imp<span class=\"_ _0\"></span>airment<span class=\"_ _0\"></span> loss is <span class=\"_ _0\"></span>recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y911 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y912 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y913 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In case of<span class=\"_ _2b\"></span> remeasurem<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e lease l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>y<span class=\"ls0 ws0\">, </span><span class=\"wsf0\">to reflect leas<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y914 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">modification<span class=\"_ _2\"></span>s or changes in the lease payment<span class=\"_ _2\"></span>s, the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsf0\">use asset is </span></span></div>\n<div class=\"t m0 x7 h4f y915 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed for this<span class=\"_ _0\"></span> reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y916 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y917 ffd4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">measurement<span class=\"_ _0\"></span> model abo<span class=\"_ _0\"></span>ve is not app<span class=\"_ _0\"></span>lied to leas<span class=\"_ _0\"></span>es of asset<span class=\"_ _0\"></span> that are </span></div>\n<div class=\"t m0 x7 h4f y918 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of low v<span class=\"_ _0\"></span>alue to A<span class=\"_ _0\"></span>geas or t<span class=\"_ _2b\"></span>o short<span class=\"ls0 ws0\">-</span>term leas<span class=\"_ _0\"></span>es, of wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e lease t<span class=\"_ _0\"></span>erm at</div>\n<div class=\"t m0 x7 h4f y919 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">commenc<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> the lea<span class=\"_ _0\"></span>se is 12 m<span class=\"_ _2b\"></span>onths or less. F<span class=\"_ _2b\"></span>or those leas<span class=\"_ _0\"></span>es, the</div>\n<div class=\"t m0 x7 h4f y91a ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease paym<span class=\"_ _2b\"></span>ents made are rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d as an expe<span class=\"wsfa\">ns<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e income </span></div>\n<div class=\"t m0 x7 h4f y91b ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt on a <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>raight<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">lin<span class=\"_ _0\"></span>e basis ov<span class=\"_ _2b\"></span>er the lease t<span class=\"_ _0\"></span>erm<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 514px; width: 354px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag415": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x7 h55 y882 ffb3 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Fair val<span class=\"_ _0\"></span>ue of financ<span class=\"_ _0\"></span>ial instr<span class=\"_ _0\"></span>uments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y883 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value i<span class=\"_ _0\"></span>s the amou<span class=\"_ _2b\"></span>nt for which an<span class=\"_ _0\"></span> asset o<span class=\"_ _0\"></span>r grant<span class=\"_ _0\"></span>ed equit<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x7 h4f y884 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent could b<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>exc<span class=\"_ _0\"></span>hanged a<span class=\"_ _0\"></span>nd a liability<span class=\"_ _0\"></span> could be set<span class=\"_ _0\"></span>tled bet<span class=\"_ _0\"></span>ween</div>\n<div class=\"t m0 x7 h4f y885 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">knowledgeable<span class=\"_ _2\"></span>, willing parties<span class=\"_ _2\"></span> in a<span class=\"lse0 wsf0\">n arm\u2019s len<span class=\"_ _0\"></span>gth trans<span class=\"_ _0\"></span>action.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y886 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8cf ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value pr<span class=\"_ _2b\"></span>esented is the <span class=\"_ _0\"></span>\u2018clean\u2019<span class=\"_ _0\"></span> fair val<span class=\"_ _0\"></span>ue, whic<span class=\"_ _2b\"></span>h is the total f<span class=\"_ _0\"></span>air</div>\n<div class=\"t m0 x7 h4f y8d0 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value or \u2018di<span class=\"_ _0\"></span>rty\u2019 fai<span class=\"_ _0\"></span>r value less<span class=\"_ _0\"></span> interest acc<span class=\"_ _2b\"></span>ruals and trans<span class=\"_ _0\"></span>action cost<span class=\"_ _0\"></span>s.</div>\n<div class=\"t m0 x7 h4f y8d1 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Accrued i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> are classif<span class=\"_ _2b\"></span>ied separately.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d2 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d3 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fair val<span class=\"_ _0\"></span>ue of a liabil<span class=\"_ _2b\"></span>ity or<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">own<span class=\"_ _2\"></span> equity instrument reflec<span class=\"_ _2\"></span>ts the effect of </span></span></div>\n<div class=\"t m0 x7 h4f yb28 ffb1 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">performanc<span class=\"_ _0\"></span>e risk. Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">performance<span class=\"_ _2\"></span> risk includes, but <span class=\"_ _2\"></span>may not be </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limite<span class=\"_ _0\"></span>d to, the entit<span class=\"_ _2b\"></span>y\u2019s own risk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2a ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f yb2b ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An asset or liabil<span class=\"_ _2\"></span>ity is initially measured<span class=\"_ _2\"></span> at fair value. If the tran<span class=\"_ _2\"></span>saction</div>\n<div class=\"t m0 x7 h4f yb2c ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">price dif<span class=\"_ _0\"></span>fers f<span class=\"_ _0\"></span>rom this<span class=\"_ _0\"></span> fair<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">value,<span class=\"_ _0\"></span> the result<span class=\"_ _2b\"></span>ing gain or loss is reco<span class=\"_ _2b\"></span>gnised </span></div>\n<div class=\"t m0 x7 h4f yb2d ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> unless I<span class=\"_ _2b\"></span>FRS specify ot<span class=\"_ _2b\"></span>herwise.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 36px; width: 353px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y962 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y963 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The basic p<span class=\"_ _0\"></span>rincipl<span class=\"_ _0\"></span>es used for es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ing fair val<span class=\"_ _2b\"></span>ue are as follows:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y964 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse2 wsfa\">M<span class=\"_ _2\"></span>aximisation of the <span class=\"_ _2\"></span>use or relevant<span class=\"_ _2\"></span> observable (market) i<span class=\"_ _2\"></span>nputs and </span></span></div>\n<div class=\"t m0 x43 h4f y965 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">minimis<span class=\"_ _0\"></span>ation of <span class=\"wsfa\">th<span class=\"_ _0\"></span>e use of<span class=\"_ _0\"></span> unobse<span class=\"_ _0\"></span>rvable <span class=\"_ _0\"></span>inputs (s<span class=\"_ _2b\"></span>uch as internal<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x43 h4f y966 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>es and assumptions<span class=\"_ _2b\"></span>);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y967 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Only change in esti<span class=\"_ _0\"></span>mating tec<span class=\"_ _2b\"></span>hniques if an impro<span class=\"_ _2b\"></span>vement can be </span></span></div>\n<div class=\"t m0 x43 h4f y968 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rated or if<span class=\"_ _0\"></span> a change is nec<span class=\"_ _2b\"></span>essary because of<span class=\"_ _0\"></span> changes in</div>\n<div class=\"t m0 x43 h4f y969 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market co<span class=\"_ _0\"></span>nditio<span class=\"_ _0\"></span>ns or in the avai<span class=\"_ _0\"></span>labilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>of inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span><span class=\"wsef\">n.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y96a ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In dete<span class=\"_ _0\"></span>rmining t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue, follow<span class=\"_ _0\"></span>ing hiera<span class=\"_ _2b\"></span>rchy for dete<span class=\"_ _0\"></span>rminin<span class=\"_ _0\"></span>g and</div>\n<div class=\"t m0 x7 h4f y96c ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ing the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue is use<span class=\"_ _2b\"></span>d, in the orde<span class=\"_ _0\"></span>r listed:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96d ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsfa\">Level 1: fair v<span class=\"_ _0\"></span>alues me<span class=\"_ _2b\"></span>asured using (<span class=\"_ _2b\"></span>unadjusted) q<span class=\"_ _0\"></span>uoted p<span class=\"_ _0\"></span>rices i<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x43 h4f y96e ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an active ma<span class=\"_ _2b\"></span>rket for identical<span class=\"_ _0\"></span> assets or <span class=\"lse2 wsfa\">liabilities, which m<span class=\"_ _2\"></span>eans that </span></div>\n<div class=\"t m0 x43 h4f y96f ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quoted prices are<span class=\"_ _2\"></span> readily available and re<span class=\"_ _2\"></span>flect actual and regularly</div>\n<div class=\"t m0 x43 h4f y970 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occurri<span class=\"_ _0\"></span>ng market t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions on an a<span class=\"_ _0\"></span>rm\u2019s lengt<span class=\"_ _0\"></span>h basis;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y971 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Level 2: fair values<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>meas<span class=\"_ _0\"></span>ured usin<span class=\"_ _0\"></span>g inputs oth<span class=\"_ _2b\"></span>er than quoted prices<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x43 h4f y972 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in leve<span class=\"_ _0\"></span>l 1 that<span class=\"_ _0\"></span> are obs<span class=\"_ _0\"></span>e<span class=\"wsf0\">rvabl<span class=\"_ _0\"></span>e (in the mark<span class=\"_ _0\"></span>et), eithe<span class=\"_ _0\"></span>r direct<span class=\"_ _0\"></span>ly </span></div>\n<div class=\"t m0 x43 h4f y973 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(i.e. pric<span class=\"_ _2b\"></span>es) or indirectly (i.<span class=\"_ _2b\"></span>e. derived from pric<span class=\"_ _2b\"></span>es, such as interest<span class=\"_ _0\"></span> or</div>\n<div class=\"t m0 x43 h4f y974 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exchang<span class=\"_ _2b\"></span>e rates);<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lse0 wsf0\">Level 3: fair values<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>meas<span class=\"_ _0\"></span>ured usin<span class=\"_ _0\"></span>g inputs that<span class=\"_ _0\"></span> are not (c<span class=\"_ _0\"></span>omplete<span class=\"_ _0\"></span>ly) </span></span></div>\n<div class=\"t m0 x43 h4f y976 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>observable data;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffb4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb5\"> <span class=\"_ _46\"> </span><span class=\"ffb1 lsfc ws115\">C<span class=\"_ _2\"></span>ost.</span><span class=\"ffb1\"> </span></span></div>\n<div class=\"t m0 x1a h4f ybdc ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leve<span class=\"_ _2b\"></span>l in the fair <span class=\"wsf0\">va<span class=\"_ _0\"></span>lue hierarc<span class=\"_ _2b\"></span>hy within which the f<span class=\"_ _0\"></span>air value </span></div>\n<div class=\"t m0 x1a h4f ybdd ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">measurement i<span class=\"_ _2\"></span>s categorised <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">determined <span class=\"wsf0\">base<span class=\"_ _0\"></span>d on<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">the lowes<span class=\"_ _2\"></span>t level </span></span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybde ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">input t<span class=\"_ _0\"></span>hat is si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant to th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue me<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent in it<span class=\"_ _0\"></span>s entiret<span class=\"_ _0\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybdf ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe0 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Level 2 and lev<span class=\"_ _2b\"></span>el 3 fair value measu<span class=\"_ _0\"></span>rements us<span class=\"_ _0\"></span>ually req<span class=\"_ _0\"></span>uire the us<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x1a h4f ybe1 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on techn<span class=\"_ _2b\"></span>iques.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybe2 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe3 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A financ<span class=\"_ _0\"></span>ial inst<span class=\"_ _2b\"></span>rument is rega<span class=\"_ _0\"></span>rded as <span class=\"_ _0\"></span>quoted i<span class=\"_ _0\"></span>n an acti<span class=\"_ _0\"></span>ve mark<span class=\"_ _0\"></span>et whe<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f ybe4 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quoted prices are<span class=\"_ _2\"></span> readily and regularly ava<span class=\"_ _2\"></span>ilable from an exchange,</div>\n<div class=\"t m0 x1a h4f ybe5 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">dealer, brok<span class=\"_ _2\"></span>er, industry grou<span class=\"_ _2\"></span>p, pricing service<span class=\"_ _2\"></span> or regulatory agen<span class=\"_ _2\"></span>cy, and</div>\n<div class=\"t m0 x1a h4f ybe6 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">those prices<span class=\"_ _2\"></span> reflect actual a<span class=\"_ _2\"></span>nd regularly occurrin<span class=\"_ _2\"></span>g market transa<span class=\"_ _2\"></span>ctions</div>\n<div class=\"t m0 x1a h4f ybe7 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on an arm\u2019s le<span class=\"_ _2b\"></span>ngth basis. When a fin<span class=\"_ _0\"></span>ancial inst<span class=\"_ _2b\"></span>rument is trade<span class=\"_ _0\"></span>d in an</div>\n<div class=\"t m0 x1a h4f ybe8 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active an<span class=\"_ _0\"></span>d liquid mar<span class=\"_ _0\"></span>ket, its q<span class=\"_ _0\"></span>uoted mar<span class=\"_ _0\"></span>ket price o<span class=\"_ _0\"></span>r value prov<span class=\"_ _2b\"></span>ides the</div>\n<div class=\"t m0 x1a h4f ybe9 ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">best evide<span class=\"_ _2\"></span>nce of its fair<span class=\"_ _2\"></span> value. No adjus<span class=\"_ _2\"></span>tment is made <span class=\"ws103\">to the<span class=\"_ _2\"></span> fair value of </span></div>\n<div class=\"t m0 x1a h4f ybea ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">large hol<span class=\"_ _2b\"></span>dings of shares<span class=\"_ _0\"></span>, unless<span class=\"_ _0\"></span> there<span class=\"_ _0\"></span> is a bind<span class=\"_ _0\"></span>ing agr<span class=\"_ _0\"></span>eement t<span class=\"_ _2b\"></span>o sell the</div>\n<div class=\"t m0 x1a h4f ybeb ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">shares at<span class=\"_ _0\"></span> a pric<span class=\"_ _0\"></span>e other t<span class=\"_ _2b\"></span>han the marke<span class=\"_ _0\"></span>t price. T<span class=\"_ _2b\"></span>he appropriat<span class=\"_ _2b\"></span>e quoted</div>\n<div class=\"t m0 x1a h4f ybec ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market <span class=\"_ _0\"></span>price for <span class=\"_ _2b\"></span>an asset held o<span class=\"_ _0\"></span>r a lia<span class=\"_ _0\"></span>bility to <span class=\"_ _0\"></span>be iss<span class=\"_ _0\"></span>ued is th<span class=\"_ _0\"></span>e curre<span class=\"_ _0\"></span>nt bid</div>\n<div class=\"t m0 x1a h4f ybed ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">price, an<span class=\"_ _0\"></span>d fo<span class=\"wsfa\">r an a<span class=\"_ _0\"></span>sset to be<span class=\"_ _2b\"></span> acquired or a <span class=\"_ _0\"></span>liabilit<span class=\"_ _2b\"></span>y held, the ask p<span class=\"_ _2b\"></span>rice. </span></div>\n<div class=\"t m0 x1a h4f ybee ffb1 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Mid<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">market prices<span class=\"_ _0\"></span> are used as a bas<span class=\"_ _2b\"></span>is for establish<span class=\"_ _0\"></span>ing the fair va<span class=\"_ _0\"></span>lue of </span></span></div>\n<div class=\"t m0 x1a h4f ybef ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets and l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies with of<span class=\"_ _0\"></span>fsetti<span class=\"_ _0\"></span>ng market r<span class=\"_ _0\"></span>isks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf0 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybf1 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If there <span class=\"_ _2b\"></span>is a significant<span class=\"_ _2b\"></span> decrease in th<span class=\"_ _0\"></span>e volum<span class=\"_ _2b\"></span>e or level of act<span class=\"_ _2b\"></span>ivi<span class=\"lsfc ws121\">ty<span class=\"_ _2\"></span> for the </span></div>\n<div class=\"t m0 x1a h4f ybf2 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset or lia<span class=\"_ _0\"></span>bility,<span class=\"_ _0\"></span> the trans<span class=\"_ _0\"></span>actions o<span class=\"_ _0\"></span>r quoted pr<span class=\"_ _0\"></span>ices are r<span class=\"_ _0\"></span>eviewed a<span class=\"_ _0\"></span>nd an</div>\n<div class=\"t m0 x1a h4f ybf3 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">alternat<span class=\"_ _2b\"></span>ive valuatio<span class=\"_ _0\"></span>n techniq<span class=\"_ _2b\"></span>ue or multipl<span class=\"_ _0\"></span>e valuati<span class=\"_ _2b\"></span>on techniques (<span class=\"_ _2b\"></span>e.g.</div>\n<div class=\"t m0 x1a h4f ybf4 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value tec<span class=\"_ _0\"></span>hniques<span class=\"_ _0\"></span>) may be appl<span class=\"_ _0\"></span>ied.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf5 ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybf6 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If no act<span class=\"_ _0\"></span>ive mark<span class=\"_ _2b\"></span>et price is ava<span class=\"_ _0\"></span>ilable, f<span class=\"_ _2b\"></span>air values are <span class=\"_ _0\"></span>e<span class=\"wsf0\">stimat<span class=\"_ _2b\"></span>ed using </span></div>\n<div class=\"t m0 x1a h4f ybf7 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value or <span class=\"_ _2b\"></span>other valuatio<span class=\"_ _2b\"></span>n techniques <span class=\"_ _0\"></span>based o<span class=\"_ _0\"></span>n market<span class=\"_ _0\"></span> observ<span class=\"_ _2b\"></span>able</div>\n<div class=\"t m0 x1a h4f ybf8 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">inputs, ex<span class=\"_ _2b\"></span>isting at the report<span class=\"_ _2b\"></span>ing date. Inputs ca<span class=\"_ _0\"></span>n be either<span class=\"_ _0\"></span> directly</div>\n<div class=\"t m0 x1a h4f ybf9 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">observa<span class=\"_ _2b\"></span>ble (i.e. prices) or i<span class=\"_ _0\"></span>ndirect<span class=\"_ _0\"></span>ly observ<span class=\"_ _0\"></span>able (i.e.<span class=\"_ _0\"></span> derive<span class=\"_ _0\"></span>d from pric<span class=\"_ _0\"></span>es,</div>\n<div class=\"t m0 x1a h4f ybfa ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">such as int<span class=\"_ _0\"></span>erest or exc<span class=\"_ _0\"></span>hange rat<span class=\"_ _0\"></span>es). <span class=\"lse2 wsf1\">When<span class=\"ls0 ws0\"> </span></span>Ageas uses<span class=\"_ _0\"></span> quantit<span class=\"_ _0\"></span>ative</div>\n<div class=\"t m0 x1a h4f ybfb ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unobse<span class=\"_ _0\"></span>rvable i<span class=\"_ _0\"></span>nputs i<span class=\"_ _0\"></span>n measur<span class=\"_ _0\"></span>ing fair <span class=\"_ _0\"></span>value, t<span class=\"_ _2b\"></span>hose are not d<span class=\"_ _0\"></span>evelope<span class=\"_ _0\"></span>d in</div>\n<div class=\"t m0 x1a h4f ybfc ffb1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">house.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfd ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfe ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If there is a val<span class=\"_ _2b\"></span>uation techniq<span class=\"_ _0\"></span>ue common<span class=\"_ _0\"></span>ly used by mar<span class=\"_ _2b\"></span>ket participants<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ybff ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to pric<span class=\"_ _0\"></span>e an instr<span class=\"_ _2b\"></span>ument and that<span class=\"_ _0\"></span> valuat<span class=\"_ _0\"></span>ion tec<span class=\"_ _0\"></span>hnique d<span class=\"_ _2b\"></span>emonstrated t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yc00 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide r<span class=\"_ _0\"></span>eliabl<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>es of prices<span class=\"_ _0\"></span> obtained i<span class=\"_ _0\"></span>n actual ma<span class=\"_ _0\"></span>rket</div>\n<div class=\"t m0 x1a h4f yc01 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transactions,<span class=\"_ _2\"></span> Ageas applies that valuation<span class=\"_ _2\"></span> technique. Well established<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc02 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on techni<span class=\"_ _2b\"></span>ques in financial ma<span class=\"_ _0\"></span>rkets incl<span class=\"_ _2b\"></span>ude recent market<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc03 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions, discount<span class=\"_ _2b\"></span>ed cash flows <span class=\"_ _0\"></span>(includi<span class=\"_ _2b\"></span>ng optio<span class=\"ls0 ws0\">n-</span><span class=\"lse2\">pricing<span class=\"_ _2\"></span> models) </span></div>\n<div class=\"t m0 x1a h4f yc04 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and curr<span class=\"_ _0\"></span>ent rep<span class=\"_ _0\"></span>laceme<span class=\"_ _2b\"></span>nt cost. An acc<span class=\"_ _0\"></span>eptable v<span class=\"_ _2b\"></span>aluation tec<span class=\"_ _0\"></span>hnique</div>\n<div class=\"t m0 x1a h4f yc05 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">incorporates all<span class=\"_ _2\"></span> factors that market parti<span class=\"_ _2\"></span>cipants would consider when</div>\n<div class=\"t m0 x1a h4f yc06 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">setting <span class=\"_ _0\"></span>a price,<span class=\"_ _0\"></span> and sh<span class=\"_ _0\"></span>ould be c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>ent with <span class=\"_ _0\"></span>accept<span class=\"_ _0\"></span>ed econo<span class=\"_ _0\"></span>mic</div>\n<div class=\"t m0 x1a h4f yc07 ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">methodologies<span class=\"_ _2\"></span> for pricing financial in<span class=\"_ _2\"></span>s<span class=\"lse0 wsef\">tru<span class=\"_ _0\"></span>ments.<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">These techniques are </span></span></span></div>\n<div class=\"t m0 x1a h4f yc08 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subject t<span class=\"_ _0\"></span>o inherent<span class=\"_ _0\"></span> limitati<span class=\"_ _2b\"></span>ons, such as estimat<span class=\"_ _0\"></span>ion of the a<span class=\"_ _0\"></span>ppropria<span class=\"_ _2b\"></span>te risk<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yc09 ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed discount<span class=\"_ _0\"></span> rate. The us<span class=\"_ _2b\"></span>e of different assum<span class=\"_ _2b\"></span>ptions and inputs</div>\n<div class=\"t m0 x1a h4f yc0a ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">would yi<span class=\"_ _2b\"></span>eld different r<span class=\"_ _0\"></span>esults.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc0b ffb1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc0c ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The level 3 pos<span class=\"_ _2b\"></span>itions are mainly s<span class=\"_ _0\"></span>ensitiv<span class=\"_ _0\"></span>e to a c<span class=\"wsfa\">hange<span class=\"_ _0\"></span> in the l<span class=\"_ _0\"></span>evel of </span></div>\n<div class=\"t m0 x1a h4f yc0d ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d futur<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows and,<span class=\"_ _0\"></span> accord<span class=\"_ _0\"></span>ingly, t<span class=\"_ _2b\"></span>he fair value of<span class=\"ls0 ws0\"> </span><span class=\"wsef\">th<span class=\"_ _2b\"></span>ose </span></div>\n<div class=\"t m0 x1a h4f yc0e ffb1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">positions v<span class=\"_ _2\"></span>aries<span class=\"ls0 ws0\"> </span><span class=\"lse0\">in prop<span class=\"_ _0\"></span>ortion t<span class=\"_ _0\"></span>o change<span class=\"_ _0\"></span>s of thes<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows. T<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x1a h4f yc0f ffb1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes i<span class=\"_ _0\"></span>n value of th<span class=\"_ _0\"></span>e level 3 instr<span class=\"_ _0\"></span>uments a<span class=\"_ _0\"></span>re account<span class=\"_ _2b\"></span>ed for in other</div>\n<div class=\"t m0 x1a h4f yc10 ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 268px; height: 829px; width: 353px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 593px; width: 350px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Methods and assum<span class=\"_ _2\"></span>ptions used in determining<span class=\"_ _2\"></span> the fair value are largely</div>\n<div class=\"t m0 x7 h4f y803 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">depende<span class=\"_ _2b\"></span>nt on whether the inst<span class=\"_ _0\"></span>rument is<span class=\"_ _0\"></span> traded on fi<span class=\"_ _0\"></span>nancial m<span class=\"_ _0\"></span>arkets an<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y804 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the info<span class=\"_ _0\"></span>rmation t<span class=\"_ _0\"></span>hat is avail<span class=\"_ _0\"></span>able to be inc<span class=\"_ _2b\"></span>orporated into t<span class=\"_ _0\"></span>he valuat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x7 h4f y805 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">models<span class=\"ws103\">. A summary o<span class=\"_ _2\"></span>f different financial in<span class=\"_ _2\"></span>strument types along with </span></div>\n<div class=\"t m0 x7 h4f y806 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e treat<span class=\"_ _0\"></span>ment is i<span class=\"_ _0\"></span>nclude<span class=\"_ _0\"></span>d below:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ffb6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">i)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _13b\"> </span></span><span class=\"lse0 wsf0\">Fair values<span class=\"_ _0\"></span> for securit<span class=\"_ _0\"></span>ies class<span class=\"_ _2b\"></span>ified at availab<span class=\"_ _0\"></span>le<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span></span>sale o<span class=\"_ _0\"></span>r at fair </span></div>\n<div class=\"t m0 x45 h4f y808 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _0\"></span>it or loss are d<span class=\"_ _0\"></span>etermin<span class=\"_ _2b\"></span>ed using market pric<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x45 h4f y809 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from activ<span class=\"_ _2\"></span>e <span class=\"lse0\">mark<span class=\"_ _0\"></span>ets. If n<span class=\"_ _0\"></span>o quote<span class=\"_ _0\"></span>d prices<span class=\"_ _0\"></span> are avai<span class=\"_ _2b\"></span>lable from an </span></div>\n<div class=\"t m0 x45 h4f y80a ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active mar<span class=\"_ _2b\"></span>ket, the fair value is<span class=\"_ _0\"></span> determi<span class=\"_ _0\"></span>ned using di<span class=\"_ _0\"></span>scount<span class=\"_ _0\"></span>ed cash</div>\n<div class=\"t m0 x45 h4f y80b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flow models.<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">In par<span class=\"_ _0\"></span>ticular fo<span class=\"_ _2b\"></span>r asset<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">backed<span class=\"_ _2\"></span> securities, the expected<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x45 h4f y80c ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cash flo<span class=\"_ _0\"></span>ws used <span class=\"_ _0\"></span>in the d<span class=\"_ _0\"></span>iscount<span class=\"_ _0\"></span>ed cash f<span class=\"_ _0\"></span>low mo<span class=\"_ _0\"></span>del tak<span class=\"_ _0\"></span>e into</div>\n<div class=\"t m0 x45 h4f y80d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account o<span class=\"_ _0\"></span>r<span class=\"wsfa\">igina<span class=\"_ _0\"></span>l underw<span class=\"_ _0\"></span>riting c<span class=\"_ _2b\"></span>riteria, borr<span class=\"_ _0\"></span>ower att<span class=\"_ _0\"></span>ributes<span class=\"_ _2b\"></span> (such as </span></div>\n<div class=\"t m0 x45 h4f y80e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">age and cre<span class=\"_ _0\"></span>dit scores<span class=\"_ _2b\"></span>), <span class=\"_ _2\"></span>lo<span class=\"_ _0\"></span>an<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span></span>val<span class=\"_ _2b\"></span>ue ratios, expect<span class=\"_ _0\"></span>ed house pr<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x45 h4f y80f ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">movements and exp<span class=\"_ _2\"></span>ected prepayment rates.<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Dis<span class=\"_ _0\"></span>count fa<span class=\"_ _0\"></span>ctors are </span></span></div>\n<div class=\"t m0 x45 h4f y810 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on a sw<span class=\"_ _0\"></span>ap curve plu<span class=\"_ _0\"></span>s a spread ref<span class=\"_ _2b\"></span>lecting the risk</div>\n<div class=\"t m0 x45 h4f y90a ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">characterist<span class=\"lse0 wsfa\">ics of the inst<span class=\"_ _0\"></span>rument. <span class=\"_ _0\"></span>Fair va<span class=\"_ _2b\"></span>lues for secur<span class=\"_ _0\"></span>ities </span></div>\n<div class=\"t m0 x45 h4f y90b ffb6 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">classified at held<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">maturity (only n<span class=\"_ _2\"></span>ecessary for dis<span class=\"_ _2\"></span>closures) are </span></span></div>\n<div class=\"t m0 x45 h4f y90c ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned in the same way.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ffb6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">ii)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _1ae\"> </span></span><span class=\"lse0 wsf0\">Fair values for de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive financ<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>ruments<span class=\"_ _0\"></span> are obtain<span class=\"_ _0\"></span>ed from </span></div>\n<div class=\"t m0 x45 h4f y90e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">active mar<span class=\"_ _2b\"></span>kets or are determi<span class=\"_ _0\"></span>ned usin<span class=\"_ _0\"></span>g, as <span class=\"lse2 wsf1\">appropriate, </span></div>\n<div class=\"t m0 x45 h4f y90f ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash flow model<span class=\"_ _0\"></span>s and option pr<span class=\"_ _2b\"></span>icing models.<span class=\"_ _0\"></span> Quoted</div>\n<div class=\"t m0 x45 h4f y910 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>ices prov<span class=\"_ _0\"></span>ide the mos<span class=\"_ _0\"></span>t reliabl<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e for derivat<span class=\"_ _2b\"></span>ives</div>\n<div class=\"t m0 x45 h4f y911 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">traded on a rec<span class=\"_ _2b\"></span>ognised excha<span class=\"_ _2b\"></span>nge. Fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es not</div>\n<div class=\"t m0 x45 h4f y912 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">traded on<span class=\"_ _2\"></span> a recognised exchan<span class=\"_ _2\"></span>ge is considered <span class=\"_ _2\"></span>to be<span class=\"ls0 ws0\"> </span><span class=\"lse0\">the valu<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x45 h4f y913 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that could <span class=\"_ _2\"></span>be realised thro<span class=\"_ _2\"></span>ugh termination o<span class=\"_ _2\"></span>r assignment of the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x45 h4f y914 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">derivative.<span class=\"_ _2\"></span> Factors that influence the va<span class=\"_ _2\"></span>luation of an individual<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x45 h4f y915 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ive inclu<span class=\"_ _2b\"></span>de <span class=\"_ _2\"></span>the co<span class=\"_ _0\"></span>unterp<span class=\"_ _2b\"></span>arty\u2019s credit rat<span class=\"_ _0\"></span>ing and the<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x45 h4f y916 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complex<span class=\"_ _0\"></span>ity of t<span class=\"_ _0\"></span>he deriv<span class=\"_ _2b\"></span>ative. If thes<span class=\"_ _0\"></span>e factor<span class=\"_ _0\"></span>s differ f<span class=\"_ _2b\"></span><span class=\"wsf0\">rom the basic </span></div>\n<div class=\"t m0 x45 h4f y917 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">factors<span class=\"_ _0\"></span> underly<span class=\"_ _2b\"></span>ing the quote, <span class=\"_ _0\"></span>an adjus<span class=\"_ _0\"></span>tment t<span class=\"_ _2b\"></span>o the quoted pr<span class=\"_ _0\"></span>ice</div>\n<div class=\"t m0 x45 h4f y918 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">may be considered.<span class=\"_ _2\"></span> Common valuation methodol<span class=\"_ _2\"></span>ogies for an</div>\n<div class=\"t m0 x45 h4f y919 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate s<span class=\"_ _0\"></span>wap inc<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>e a comp<span class=\"_ _2b\"></span>arison of the y<span class=\"_ _0\"></span>ield of t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x45 h4f y91a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">swap wit<span class=\"_ _0\"></span>h the cu<span class=\"_ _0\"></span>rrent sw<span class=\"_ _2b\"></span>ap yield curve.<span class=\"_ _0\"></span> The sw<span class=\"_ _0\"></span>ap yiel<span class=\"_ _0\"></span>d curve is<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x45 h4f y91b ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derived f<span class=\"_ _0\"></span>rom quote<span class=\"_ _0\"></span>d swap rates.<span class=\"_ _0\"></span> Dealer b<span class=\"_ _0\"></span>id and offe<span class=\"_ _0\"></span>r quotes are</div>\n<div class=\"t m0 x45 h4f y91c ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">generally avai<span class=\"_ _2\"></span>lable for basic interest ra<span class=\"_ _2\"></span>te swaps involving</div>\n<div class=\"t m0 x45 h4f y91d ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">counte<span class=\"_ _0\"></span>rparties <span class=\"_ _0\"></span>whose s<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>ies are i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">grade.</span> </span></div>\n<div class=\"t m0 x7 h4f y91e ffb6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">iii)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _c2\"> </span></span><span class=\"lse0 wsf0\">Fair values<span class=\"_ _0\"></span> for unquot<span class=\"_ _0\"></span>ed privat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>equit<span class=\"_ _2b\"></span>y investments ar<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>ed </span></div>\n<div class=\"t m0 x45 h4f y91f ffb6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">using<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">applicable mar<span class=\"_ _0\"></span>ket mult<span class=\"_ _0\"></span>iples (e.g<span class=\"_ _2b\"></span>. <span class=\"_ _2\"></span>pric<span class=\"_ _0\"></span>e/earni<span class=\"_ _2b\"></span>ngs or price/cash </span></span></div>\n<div class=\"t m0 x45 h4f y920 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flow ratios)<span class=\"_ _2\"></span>, refined to reflect the specific<span class=\"_ _2\"></span> circumstances of the</div>\n<div class=\"t m0 x45 h4f y921 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">issuer.<span class=\"ls0 ws0\"> L</span><span class=\"wsf0\">evel 3 val<span class=\"_ _2b\"></span>uations for privat<span class=\"_ _2b\"></span>e equities and vent<span class=\"_ _0\"></span>ure capit<span class=\"_ _2b\"></span>al </span></div>\n<div class=\"t m0 x45 h4f y922 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">make <span class=\"lsfb wsfa\">u<span class=\"_ _2\"></span>se<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">of </span></span><span class=\"lse0\">fair valu<span class=\"_ _0\"></span>es discl<span class=\"_ _0\"></span>osed in t<span class=\"_ _2b\"></span>he audited fin<span class=\"_ _0\"></span>ancia<span class=\"ls106 ws124\">l </span></span></span></div>\n<div class=\"t m0 x45 h4f y923 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nts of the relevant pa<span class=\"_ _0\"></span>rticip<span class=\"_ _0\"></span>ations. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y924 ffb6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">iv)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _46\"> </span></span><span class=\"lse0\">Fair values for bor<span class=\"_ _0\"></span>rowings a<span class=\"_ _0\"></span>nd issue<span class=\"_ _0\"></span>d subordi<span class=\"_ _0\"></span>nated loa<span class=\"_ _0\"></span>ns are </span></div>\n<div class=\"t m0 x45 h4f y925 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned using discount<span class=\"_ _2b\"></span>ed cash flow models<span class=\"_ _0\"></span> based upo<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x45 h4f y926 ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas's <span class=\"lse0 wsfa\">current incre<span class=\"_ _0\"></span>mental<span class=\"_ _0\"></span> lending <span class=\"_ _0\"></span>rates fo<span class=\"_ _2b\"></span>r similar typ<span class=\"_ _0\"></span>e of </span></div>\n<div class=\"t m0 x45 h4f y927 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">borrowing. For<span class=\"_ _2\"></span> variable<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">rate loans<span class=\"_ _2b\"></span> that re<span class=\"ls0 ws0\">-</span>price fre<span class=\"_ _0\"></span>quentl<span class=\"_ _0\"></span>y and </span></span></div>\n<div class=\"t m0 x45 h4f y928 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have no <span class=\"lse2 ws103\">significant change in cred<span class=\"_ _2\"></span>it risk, fair values are<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x45 h4f y929 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">approxi<span class=\"_ _0\"></span>mated by<span class=\"_ _0\"></span> the car<span class=\"_ _2b\"></span>rying amount.<span class=\"_ _2b\"></span> Option<span class=\"ls0 ws0\">-</span><span class=\"lse2\">pricing <span class=\"_ _2\"></span>models are </span></div>\n<div class=\"t m0 x45 h4f y92a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">used for v<span class=\"_ _2b\"></span>aluing caps an<span class=\"_ _0\"></span>d prep<span class=\"_ _0\"></span>ayment op<span class=\"_ _2b\"></span>tions embedd<span class=\"_ _0\"></span>ed in loa<span class=\"_ _0\"></span>ns</div>\n<div class=\"t m0 x45 h4f y92b ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that hav<span class=\"_ _0\"></span>e been s<span class=\"_ _0\"></span>eparat<span class=\"_ _0\"></span>ed in acc<span class=\"_ _2b\"></span>ordance with I<span class=\"_ _0\"></span>FRS.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y92c ffb6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">v)<span class=\"ffb8 ls0 ws0\"> <span class=\"_ _a\"> </span></span><span class=\"lse0\">Fair values<span class=\"_ _0\"></span> for off<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">balance</span> s<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">heet commitments<span class=\"_ _2\"></span> or guarantees are<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x45 h4f yc12 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on fe<span class=\"_ _0\"></span>es current<span class=\"_ _2b\"></span>ly <span class=\"_ _2\"></span>ch<span class=\"_ _2b\"></span>arged to enter into si<span class=\"_ _0\"></span>milar agr<span class=\"_ _0\"></span>eements<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x237 h4f yc13 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">taking int<span class=\"_ _2b\"></span>o account the remain<span class=\"_ _0\"></span>ing terms<span class=\"_ _0\"></span> of the agre<span class=\"_ _0\"></span>ements an<span class=\"_ _0\"></span>d the</div>\n<div class=\"t m0 x237 h4f yc14 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counterpartie<span class=\"_ _2\"></span>s\u2019 credit standings<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc16 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Non exch<span class=\"_ _0\"></span>ange trad<span class=\"_ _0\"></span>ed financi<span class=\"_ _2b\"></span>al instruments are of<span class=\"_ _0\"></span>ten tra<span class=\"_ _0\"></span>ded in over<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">the</span>-</span></div>\n<div class=\"t m0 x1a h4f yc17 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counter (OT<span class=\"_ _2\"></span>C) markets by deale<span class=\"_ _2\"></span>rs or other in<span class=\"_ _2\"></span>termediaries from whom<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc18 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market pr<span class=\"_ _0\"></span>ices can be o<span class=\"_ _0\"></span>btained.<span class=\"_ _0\"></span> Quotat<span class=\"_ _0\"></span>ions are av<span class=\"_ _0\"></span>ailable f<span class=\"_ _0\"></span>rom vario<span class=\"_ _2b\"></span>us</div>\n<div class=\"t m0 x1a h4f yc19 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">sources for<span class=\"_ _2\"></span> many financial i<span class=\"_ _2\"></span>nstruments traded r<span class=\"_ _2\"></span>egularly in the<span class=\"_ _2\"></span> OTC</div>\n<div class=\"t m0 x1a h4f yc1a ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">market. T<span class=\"_ _2b\"></span>hose sources i<span class=\"_ _0\"></span>nclude t<span class=\"_ _2b\"></span>he fi<span class=\"lse2\">nancial<span class=\"_ _2\"></span> press, various publ<span class=\"_ _2\"></span>ications </span></div>\n<div class=\"t m0 x1a h4f yc1b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and financial<span class=\"_ _2\"></span> reporting services, and also in<span class=\"_ _2\"></span>dividual market makers<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc1c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1d ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value m<span class=\"_ _0\"></span>ethodol<span class=\"_ _0\"></span>ogy app<span class=\"_ _0\"></span>lied for t<span class=\"_ _2b\"></span>he measurem<span class=\"_ _0\"></span>ent of fi<span class=\"_ _0\"></span>nancial</div>\n<div class=\"t m0 x1a h4f yc1e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents, as d<span class=\"_ _0\"></span>escribe<span class=\"_ _0\"></span>d above, di<span class=\"_ _0\"></span>d not change as<span class=\"_ _0\"></span> a result<span class=\"_ _0\"></span> of the</div>\n<div class=\"t m0 x1a h4f yc1f ffb6 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"lse2\">19 pandem<span class=\"lse0\">ic. If appl<span class=\"_ _0\"></span>icable,<span class=\"_ _0\"></span> additi<span class=\"_ _0\"></span>onal unc<span class=\"_ _2b\"></span>ertainties rel<span class=\"_ _2b\"></span>ated to the </span></span></div>\n<div class=\"t m0 x1a h4f yc20 ffb6 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"lse0\">19 pan<span class=\"_ _0\"></span>demic h<span class=\"_ _2b\"></span>ave been incorp<span class=\"_ _2b\"></span>orated in the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue </span></div>\n<div class=\"t m0 x1a h4f yc21 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>ment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">  </div>\n<div class=\"t m0 x1a h4f yc23 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">More detai<span class=\"_ _2b\"></span>led information o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the a<span class=\"_ _0\"></span>pplicat<span class=\"_ _2b\"></span>ion of these valuati<span class=\"_ _2b\"></span>on methods</div>\n<div class=\"t m0 x1a h4f yc24 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and assum<span class=\"_ _0\"></span>ptions is<span class=\"_ _0\"></span> included in t<span class=\"_ _0\"></span>he applic<span class=\"_ _0\"></span>able not<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">of these<span class=\"_ _2\"></span> Ageas </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Consoli<span class=\"_ _2b\"></span>dated Financial St<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 804px; height: 277px; width: 348px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 798px; width: 348px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag407": {
   "value": "\n<div class=\"t m0 x7 h4f yb2b ffb1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An asset or liabil<span class=\"_ _2\"></span>ity is initially measured<span class=\"_ _2\"></span> at fair value. If the tran<span class=\"_ _2\"></span>saction</div>\n<div class=\"t m0 x7 h4f yb2c ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">price dif<span class=\"_ _0\"></span>fers f<span class=\"_ _0\"></span>rom this<span class=\"_ _0\"></span> fair<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">value,<span class=\"_ _0\"></span> the result<span class=\"_ _2b\"></span>ing gain or loss is reco<span class=\"_ _2b\"></span>gnised </span></div>\n<div class=\"t m0 x7 h4f yb2d ffb1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> unless I<span class=\"_ _2b\"></span>FRS specify ot<span class=\"_ _2b\"></span>herwise.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 36px; width: 353px; z-index: 7;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognisingDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationTechniqueExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag387": {
   "value": "\n<div class=\"t m0 x1a h55 ybf0 ffb9 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Offsett<span class=\"_ _2b\"></span>ing of financial ass<span class=\"_ _2b\"></span>ets and liabiliti<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf1 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets and liabil<span class=\"_ _0\"></span>ities are of<span class=\"_ _0\"></span>fset resu<span class=\"_ _2b\"></span>lting in the net amou<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x1a h4f ybf2 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">being re<span class=\"_ _0\"></span>ported on the s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of financ<span class=\"_ _0\"></span>ial positi<span class=\"_ _2b\"></span>on if <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>here is a lega<span class=\"_ _0\"></span>lly</div>\n<div class=\"t m0 x1a h4f ybf3 ffb6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">enforc<span class=\"_ _0\"></span>eabl<span class=\"lse2 ws103\">e right to set off the recogn<span class=\"_ _2\"></span>ised amounts and there is an<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f ybf4 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">intenti<span class=\"_ _0\"></span>on to set<span class=\"_ _0\"></span>tle on a<span class=\"_ _0\"></span> net bas<span class=\"_ _0\"></span>is, or re<span class=\"_ _2b\"></span>alise the asset <span class=\"_ _0\"></span>and sett<span class=\"_ _2b\"></span>le the</div>\n<div class=\"t m0 x1a h4f ybf5 ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liability<span class=\"_ _2\"></span> simultaneously.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 693px; height: 89px; width: 348px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag424": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yb46 ffb6 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Derivatives</span> <span class=\"lse0 wsf0\">a<span class=\"_ _0\"></span>nd financi<span class=\"_ _2b\"></span>al instruments us<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r hedging<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb47 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Derivat<span class=\"_ _0\"></span>ives are fi<span class=\"_ _0\"></span>nancial i<span class=\"_ _2b\"></span>nstruments s<span class=\"lse2 ws103\">uch as swaps, forward and future<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yb48 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s, and option<span class=\"_ _0\"></span>s (both w<span class=\"_ _2b\"></span>ritten and pu<span class=\"_ _0\"></span>rchased<span class=\"_ _0\"></span>). The v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>hese</div>\n<div class=\"t m0 x1a h4f yb49 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments changes in response<span class=\"_ _2\"></span> to changes in various</div>\n<div class=\"t m0 x1a h4f yb4a ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">underly<span class=\"_ _0\"></span>ing varia<span class=\"_ _0\"></span>bles. Der<span class=\"_ _0\"></span>ivatives<span class=\"_ _0\"></span> require l<span class=\"_ _0\"></span>ittle or no net<span class=\"_ _0\"></span> initial<span class=\"_ _0\"></span> investm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f yb4b ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are sett<span class=\"_ _0\"></span>led at a futu<span class=\"_ _0\"></span>re date. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb4d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All deriv<span class=\"_ _2b\"></span>atives are recogn<span class=\"_ _0\"></span>ised on the s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt of financi<span class=\"_ _2b\"></span>al position at</div>\n<div class=\"t m0 x1a h4f yb4e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e on the trade d<span class=\"_ _2b\"></span>ate. A distinction is<span class=\"_ _0\"></span> made betw<span class=\"_ _0\"></span>een:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4f ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse0 wsfa\">Derivatives h<span class=\"_ _2b\"></span>eld for tradin<span class=\"_ _0\"></span>g;<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb50 ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse2 ws103\">D<span class=\"_ _2\"></span>erivatives for hedging purp<span class=\"_ _2\"></span>oses.</span><span class=\"ffb6\"> </span></span></div>\n<div class=\"t m0 x1a h55 yc26 ffb9 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Embedded <span class=\"lse0 wsef\">derivatives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc27 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets or liabilit<span class=\"_ _2b\"></span>ies can include emb<span class=\"_ _0\"></span>edded der<span class=\"_ _2b\"></span>ivatives. Such</div>\n<div class=\"t m0 x1a h4f yc28 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments are often referred to a<span class=\"_ _2\"></span>s hybrid financial</div>\n<div class=\"t m0 x1a h4f yc29 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents. Hy<span class=\"_ _2b\"></span>brid financia<span class=\"_ _2b\"></span>l instruments i<span class=\"_ _0\"></span>nclude <span class=\"_ _0\"></span>revers<span class=\"_ _0\"></span>e convert<span class=\"_ _2b\"></span>ible</div>\n<div class=\"t m0 x1a h4f yc2a ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">bonds (bond<span class=\"_ _2\"></span>s whose repayment m<span class=\"_ _2\"></span>ay take t<span class=\"lse0 wsf0\">he form of eq<span class=\"_ _0\"></span>uities) or bo<span class=\"_ _2b\"></span>nds </span></div>\n<div class=\"t m0 x1a h4f yc2b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">with indexed int<span class=\"_ _2\"></span>erest payments. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc2d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e through p<span class=\"_ _2b\"></span>rofit or loss or if</div>\n<div class=\"t m0 x1a h4f yc2e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the char<span class=\"_ _0\"></span>acterist<span class=\"_ _2b\"></span>ics and risks of the em<span class=\"_ _0\"></span>bedded de<span class=\"_ _0\"></span>rivativ<span class=\"_ _2b\"></span>e are closely</div>\n<div class=\"t m0 x1a h4f yc2f ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">related<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">to t<span class=\"_ _2b\"></span>hose of the host<span class=\"_ _0\"></span> contra<span class=\"_ _0\"></span>ct, the <span class=\"_ _0\"></span>embe<span class=\"wsf0\">d<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>ative is not<span class=\"_ _0\"></span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc30 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ed, and the hybrid fin<span class=\"_ _0\"></span>ancial ins<span class=\"_ _2b\"></span>trument is measu<span class=\"_ _0\"></span>red as one</div>\n<div class=\"t m0 x1a h4f yc31 ffb6 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">instrument. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 367px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 372px; width: 351px; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> not measur<span class=\"_ _2b\"></span>ed at fair value throu<span class=\"_ _0\"></span>gh profit or lo<span class=\"_ _0\"></span>ss</div>\n<div class=\"t m0 x7 h4f y803 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the c<span class=\"_ _2b\"></span>haracteristic<span class=\"_ _0\"></span>s and ris<span class=\"_ _0\"></span>ks of t<span class=\"_ _0\"></span>he embed<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">de<span class=\"_ _2\"></span>d derivative are not </span></div>\n<div class=\"t m0 x7 h4f y804 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">closely r<span class=\"_ _0\"></span>elated to tho<span class=\"_ _2b\"></span>se of the host contract<span class=\"_ _0\"></span>, the emb<span class=\"_ _0\"></span>edded deriv<span class=\"_ _2b\"></span>ative</div>\n<div class=\"t m0 x7 h4f y805 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">should be separa<span class=\"_ _2\"></span>ted from the host contract<span class=\"_ _2\"></span> and measured at fair value</div>\n<div class=\"t m0 x7 h4f y806 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a stand<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">alo<span class=\"_ _0\"></span>ne deriv<span class=\"_ _0\"></span>ative. C<span class=\"_ _2b\"></span>hanges in the f<span class=\"_ _2b\"></span>air value are rec<span class=\"_ _2b\"></span>orded in </span></div>\n<div class=\"t m0 x7 h4f y807 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span>The <span class=\"_ _0\"></span>host co<span class=\"_ _0\"></span>ntract <span class=\"_ _0\"></span>is accou<span class=\"_ _0\"></span>nted fo<span class=\"_ _0\"></span>r and meas<span class=\"_ _2b\"></span>ured</div>\n<div class=\"t m0 x7 h4f y808 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g the rul<span class=\"_ _0\"></span>es of the <span class=\"_ _2b\"></span>relevant cate<span class=\"_ _0\"></span>gory of t<span class=\"_ _0\"></span>he finan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>trumen<span class=\"_ _0\"></span>t.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Embedded der<span class=\"_ _2\"></span>ivatives requiring <span class=\"_ _2\"></span>separation are repo<span class=\"_ _2\"></span>rted as hedging</div>\n<div class=\"t m0 x7 h4f y80b ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ives or deri<span class=\"_ _2b\"></span>vatives held for tr<span class=\"_ _0\"></span>ading as <span class=\"lse2 wsf1\">appropriate.<span class=\"ls0 ws0\"> </span></span></div>\n\n<div class=\"t m0 x7 h55 y8ce ffbd fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Hedging<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y882 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On the date Ag<span class=\"_ _2b\"></span>eas enters into a der<span class=\"_ _0\"></span>ivative c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">and decide<span class=\"_ _2\"></span>s to </span></span></div>\n<div class=\"t m0 x7 h4f y883 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">designat<span class=\"_ _2b\"></span>e the contract<span class=\"_ _0\"></span> for he<span class=\"_ _0\"></span>dging pu<span class=\"_ _0\"></span>rposes<span class=\"_ _0\"></span><span class=\"lse2 ws103\">, this contract is<span class=\"_ _2\"></span> designated </span></div>\n<div class=\"t m0 x7 h4f y884 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as either:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y885 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A fair value he<span class=\"_ _0\"></span>dge: a <span class=\"_ _0\"></span>hedge of t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of a reco<span class=\"_ _2b\"></span>gnised asset </span></span></div>\n<div class=\"t m0 x43 h4f y886 ffbb fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">or liab<span class=\"_ _2\"></span>ility;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb ls107 ws122\">A <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hed<span class=\"_ _0\"></span>ge of a net inves<span class=\"_ _0\"></span>tment i<span class=\"_ _0\"></span>n a foreign enti<span class=\"_ _2b\"></span>ty<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y8d0 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A cash flow he<span class=\"_ _0\"></span>dge: a he<span class=\"_ _0\"></span>dge of fut<span class=\"_ _2b\"></span>ure cash flows<span class=\"_ _0\"></span> attribut<span class=\"_ _2b\"></span>able to a </span></span></div>\n<div class=\"t m0 x43 h4f y8d1 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised a<span class=\"_ _2\"></span>sset or liability<span class=\"_ _2\"></span> or a <span class=\"ws103\">highly probable<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">for<span class=\"_ _0\"></span>ecast </span></span></div>\n<div class=\"t m0 x43 h4f y8d2 ffbb fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d3 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb28 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Hedges of firm<span class=\"_ _2\"></span> commitments are fair value hedge<span class=\"_ _2\"></span>s, except for hedge<span class=\"lsf4 ws114\">s of </span></div>\n<div class=\"t m0 x7 h4f yb29 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the for<span class=\"_ _0\"></span>eign exc<span class=\"_ _2b\"></span>hange risk of a f<span class=\"_ _0\"></span>irm comm<span class=\"_ _2b\"></span>itment, which<span class=\"_ _0\"></span> are acco<span class=\"_ _0\"></span>unted f<span class=\"_ _0\"></span>or</div>\n<div class=\"t m0 x7 h4f yb2a ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">as cash flow hedge<span class=\"_ _2\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2b ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the cont<span class=\"_ _0\"></span>ext of hedge acc<span class=\"_ _2b\"></span>ounting, the fol<span class=\"_ _0\"></span>lowing doc<span class=\"_ _2b\"></span>umentation is</div>\n<div class=\"t m0 x7 h4f yb2d ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">prepared:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y962 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">At the start of the trans<span class=\"_ _0\"></span>action, t<span class=\"_ _0\"></span>he relat<span class=\"_ _0\"></span>ionship b<span class=\"_ _2b\"></span>etween <span class=\"wsef\">the <span class=\"lse2 wsf1\">hedging </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y963 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> and hedged items,<span class=\"_ _2\"></span> as well as its<span class=\"_ _2\"></span> risk management</div>\n<div class=\"t m0 x43 h4f y964 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">objective and s<span class=\"_ _2\"></span>trategy for undertaking va<span class=\"_ _2\"></span>rious hedge transactions,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x43 h4f y965 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are docum<span class=\"_ _0\"></span>ented<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x7 h4f y966 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">Both at the start of the<span class=\"_ _0\"></span> hedge and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, the </span></span></div>\n<div class=\"t m0 x43 h4f y967 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assessm<span class=\"_ _2b\"></span>ent of whether t<span class=\"_ _2b\"></span>he derivatives<span class=\"_ _2b\"></span> that are used <span class=\"_ _0\"></span><span class=\"lse2\">in hedging<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x43 h4f y968 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions are high<span class=\"_ _0\"></span>ly effect<span class=\"_ _2b\"></span>ive in offsett<span class=\"_ _2b\"></span>ing changes in <span class=\"_ _0\"></span>fair valu<span class=\"_ _2b\"></span>es</div>\n<div class=\"t m0 x43 h4f y969 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or cash <span class=\"_ _2\"></span>flows of hedged i<span class=\"_ _2\"></span>tems is documented.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Assets, liabil<span class=\"_ _2\"></span>ities, firm commitments or high<span class=\"_ _2\"></span>ly probable forecast</div>\n<div class=\"t m0 x7 h4f y96c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions that involve a p<span class=\"_ _0\"></span>arty exter<span class=\"_ _2b\"></span>nal to Ageas are desig<span class=\"_ _2b\"></span>nated as</div>\n<div class=\"t m0 x7 h4f y96d ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">hedged it<span class=\"_ _2b\"></span>ems. A hedged i<span class=\"_ _0\"></span>tem can <span class=\"_ _2b\"></span>also be a part<span class=\"_ _0\"></span>icular r<span class=\"_ _0\"></span>isk that i<span class=\"_ _2b\"></span>s a</div>\n<div class=\"t m0 x7 h4f y96e ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">portion of<span class=\"_ _0\"></span> the total ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e hedged i<span class=\"_ _0\"></span>tem. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96f ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y970 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"lse2 wsf1\">hange</span>s<span class=\"_ _2\"></span> <span class=\"ls102 ws11d\">in <span class=\"lse2 wsf1\">the <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fai<span class=\"_ _0\"></span>r value of a hedg<span class=\"_ _2b\"></span>ed item that is attri<span class=\"_ _0\"></span>butabl<span class=\"_ _0\"></span>e to the </span></span></span></div>\n<div class=\"t m0 x7 h4f y971 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged ris<span class=\"_ _2\"></span>k and <span class=\"ls0 ws0\">c</span><span class=\"wsf1\">hange<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span></span><span class=\"lse0\">in the f<span class=\"_ _2b\"></span>air value of the <span class=\"_ _2b\"></span>hedging inst<span class=\"_ _0\"></span><span class=\"wsf0\">rument in a </span></span></div>\n<div class=\"t m0 x7 h4f y972 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">fair value hedge<span class=\"_ _2\"></span> are recognised in the income s<span class=\"_ _2\"></span>tatement. The change in</div>\n<div class=\"t m0 x7 h4f y973 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"lse0 wsf0\">fair value of int<span class=\"_ _2b\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">bearing<span class=\"_ _2\"></span> derivative instrum<span class=\"_ _2\"></span>ents is presented </span></span></span></div>\n<div class=\"t m0 x7 h4f y974 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ely <span class=\"_ _2\"></span>fr<span class=\"_ _2b\"></span>om interest accr<span class=\"_ _0\"></span>uals. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y976 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If the he<span class=\"_ _2b\"></span>dge no longer m<span class=\"_ _0\"></span>eets th<span class=\"_ _0\"></span>e crite<span class=\"_ _0\"></span>ria for h<span class=\"_ _0\"></span>edge acc<span class=\"_ _0\"></span>ounting,<span class=\"_ _2b\"></span> o<span class=\"ls102 ws129\">r is<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9da ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">otherwise di<span class=\"_ _2\"></span>scontinued, the adjustment to<span class=\"_ _2\"></span> the carrying amount of a</div>\n<div class=\"t m0 x7 h4f y9db ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged intere<span class=\"_ _2\"></span>st<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">bearing f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al instrum<span class=\"_ _0\"></span>ent that res<span class=\"_ _2b\"></span>ults from hedge </span></span></div>\n<div class=\"t m0 x7 h4f y9dc ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing is am<span class=\"_ _0\"></span>ortis<span class=\"_ _0\"></span>ed using t<span class=\"_ _2b\"></span>he new effectiv<span class=\"_ _2b\"></span>e interest rate c<span class=\"_ _2b\"></span>alculated</div>\n<div class=\"t m0 x7 h4f y9dd ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the hedg<span class=\"_ _0\"></span>e disconti<span class=\"_ _2b\"></span>nuance date.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc13 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Changes<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in the fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es that are de<span class=\"_ _0\"></span>signat<span class=\"_ _0\"></span>ed and qualif<span class=\"_ _0\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yc14 ffbb fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">as cash<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">flow hedges a<span class=\"_ _2\"></span>re recognised in <span class=\"_ _2\"></span><span class=\"ws103\">other comprehensive in<span class=\"_ _2\"></span>come</span></span> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">under the caption<span class=\"_ _2\"></span> \u2018Unrealised gains and<span class=\"_ _2\"></span> losses\u2019. The amount in <span class=\"lse0 wsef\">other </span></div>\n<div class=\"t m0 x1a h4f yc16 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">comprehensive in<span class=\"_ _2\"></span>come<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">is recl<span class=\"_ _0\"></span>assifie<span class=\"_ _0\"></span>d to the <span class=\"_ _0\"></span>income st<span class=\"_ _2b\"></span>ate<span class=\"wsf0\">ment when the </span></span></span></div>\n<div class=\"t m0 x1a h4f yc17 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedged it<span class=\"_ _0\"></span>em affect<span class=\"_ _0\"></span>s the incom<span class=\"_ _0\"></span>e stateme<span class=\"_ _0\"></span>nt. Any hed<span class=\"_ _0\"></span>ge ineffect<span class=\"_ _2b\"></span>iveness is</div>\n<div class=\"t m0 x1a h4f yc18 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">immediately rec<span class=\"_ _2\"></span>ognised in the income statement<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>hedge <span class=\"_ _0\"></span>of a forec<span class=\"_ _2b\"></span>ast transact<span class=\"_ _0\"></span>ion or fi<span class=\"_ _2b\"></span>rm commitment <span class=\"_ _2b\"></span>results in</div>\n<div class=\"t m0 x1a h4f yc1b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the recognition<span class=\"_ _2\"></span> of a non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">financial <span class=\"_ _2\"></span>asset or of a n<span class=\"_ _2\"></span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-</span></span></span>financial liabi<span class=\"_ _2\"></span>lity, the</div>\n<div class=\"t m0 x1a h4f yc1c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses pre<span class=\"_ _0\"></span>viousl<span class=\"_ _0\"></span>y deferre<span class=\"_ _0\"></span>d in <span class=\"lse2 ws103\">other comprehens<span class=\"_ _2\"></span>ive income<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x1a h4f yc1d ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transferred fr<span class=\"_ _2\"></span>om other comprehensive income<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>and are included in the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1e ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial measurem<span class=\"_ _2\"></span>ent of that non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">financial ass<span class=\"_ _2b\"></span>et or liability. Ot<span class=\"_ _0\"></span>herwise,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc1f ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts deferred<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">in </span></span>other compr<span class=\"_ _2\"></span>ehensive income<span class=\"ls0 ws0\"> </span>ar<span class=\"_ _2\"></span>e transferred to the</div>\n<div class=\"t m0 x1a h4f yc20 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement and <span class=\"wsef\">are </span>class<span class=\"_ _0\"></span>ified as pr<span class=\"_ _0\"></span>ofit or loss<span class=\"_ _0\"></span> in the perio<span class=\"_ _0\"></span>ds</div>\n<div class=\"t m0 x1a h4f yc21 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">during wh<span class=\"_ _0\"></span>ich the hedg<span class=\"_ _2b\"></span>ed firm commitme<span class=\"_ _0\"></span>nt or forec<span class=\"_ _0\"></span>ast transa<span class=\"_ _2b\"></span>ction affects</div>\n<div class=\"t m0 x1a h4f yc22 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc23 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc24 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The above als<span class=\"_ _2b\"></span>o applies if the hed<span class=\"_ _0\"></span>ge no<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">longer meets the cr<span class=\"_ _2\"></span>iteria for </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedge acc<span class=\"_ _2b\"></span>ounting, or is other<span class=\"_ _0\"></span>wise disc<span class=\"_ _2b\"></span>ontinued, but the h<span class=\"_ _2b\"></span>edged forecast</div>\n<div class=\"t m0 x1a h4f yc34 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion or firm co<span class=\"_ _0\"></span>mmitme<span class=\"_ _0\"></span>nt are st<span class=\"_ _2b\"></span>ill expected t<span class=\"_ _0\"></span>o occur.<span class=\"_ _0\"></span> If the h<span class=\"_ _0\"></span>edged</div>\n<div class=\"t m0 x1a h4f yc35 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">forecast trans<span class=\"_ _2\"></span>action or firm commitment are<span class=\"_ _2\"></span> no longer expected to</div>\n<div class=\"t m0 x1a h4f yc36 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occur, th<span class=\"_ _0\"></span>e am<span class=\"lse2 wsfa\">ounts deferred<span class=\"_ _2\"></span> in </span>other com<span class=\"_ _2b\"></span>prehensive inc<span class=\"_ _0\"></span>ome<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are <span class=\"lse2 wsf1\">directly </span></span></div>\n<div class=\"t m0 x1a h4f yc37 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transfe<span class=\"_ _0\"></span>rred to t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 346px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 646px; width: 352px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 335px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 824px; width: 352px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 340px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 829px; width: 352px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag421": {
   "value": "\n<div class=\"t m0 x1a h4f yb46 ffb6 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Derivatives</span> <span class=\"lse0 wsf0\">a<span class=\"_ _0\"></span>nd financi<span class=\"_ _2b\"></span>al instruments us<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r hedging<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb47 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Derivat<span class=\"_ _0\"></span>ives are fi<span class=\"_ _0\"></span>nancial i<span class=\"_ _2b\"></span>nstruments s<span class=\"lse2 ws103\">uch as swaps, forward and future<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f yb48 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s, and option<span class=\"_ _0\"></span>s (both w<span class=\"_ _2b\"></span>ritten and pu<span class=\"_ _0\"></span>rchased<span class=\"_ _0\"></span>). The v<span class=\"_ _0\"></span>alue of t<span class=\"_ _0\"></span>hese</div>\n<div class=\"t m0 x1a h4f yb49 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments changes in response<span class=\"_ _2\"></span> to changes in various</div>\n<div class=\"t m0 x1a h4f yb4a ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">underly<span class=\"_ _0\"></span>ing varia<span class=\"_ _0\"></span>bles. Der<span class=\"_ _0\"></span>ivatives<span class=\"_ _0\"></span> require l<span class=\"_ _0\"></span>ittle or no net<span class=\"_ _0\"></span> initial<span class=\"_ _0\"></span> investm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f yb4b ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are sett<span class=\"_ _0\"></span>led at a futu<span class=\"_ _0\"></span>re date. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb4d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All deriv<span class=\"_ _2b\"></span>atives are recogn<span class=\"_ _0\"></span>ised on the s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt of financi<span class=\"_ _2b\"></span>al position at</div>\n<div class=\"t m0 x1a h4f yb4e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e on the trade d<span class=\"_ _2b\"></span>ate. A distinction is<span class=\"_ _0\"></span> made betw<span class=\"_ _0\"></span>een:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb4f ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse0 wsfa\">Derivatives h<span class=\"_ _2b\"></span>eld for tradin<span class=\"_ _0\"></span>g;<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb50 ffba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffb8\"> <span class=\"_ _46\"> </span><span class=\"ffb6 lse2 ws103\">D<span class=\"_ _2\"></span>erivatives for hedging purp<span class=\"_ _2\"></span>oses.</span><span class=\"ffb6\"> </span></span></div>\n<div class=\"t m0 x1a h55 yc26 ffb9 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Embedded <span class=\"lse0 wsef\">derivatives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc27 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al assets or liabilit<span class=\"_ _2b\"></span>ies can include emb<span class=\"_ _0\"></span>edded der<span class=\"_ _2b\"></span>ivatives. Such</div>\n<div class=\"t m0 x1a h4f yc28 ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments are often referred to a<span class=\"_ _2\"></span>s hybrid financial</div>\n<div class=\"t m0 x1a h4f yc29 ffb6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ents. Hy<span class=\"_ _2b\"></span>brid financia<span class=\"_ _2b\"></span>l instruments i<span class=\"_ _0\"></span>nclude <span class=\"_ _0\"></span>revers<span class=\"_ _0\"></span>e convert<span class=\"_ _2b\"></span>ible</div>\n<div class=\"t m0 x1a h4f yc2a ffb6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">bonds (bond<span class=\"_ _2\"></span>s whose repayment m<span class=\"_ _2\"></span>ay take t<span class=\"lse0 wsf0\">he form of eq<span class=\"_ _0\"></span>uities) or bo<span class=\"_ _2b\"></span>nds </span></div>\n<div class=\"t m0 x1a h4f yc2b ffb6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">with indexed int<span class=\"_ _2\"></span>erest payments. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2c ffb6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc2d ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> measure<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e through p<span class=\"_ _2b\"></span>rofit or loss or if</div>\n<div class=\"t m0 x1a h4f yc2e ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the char<span class=\"_ _0\"></span>acterist<span class=\"_ _2b\"></span>ics and risks of the em<span class=\"_ _0\"></span>bedded de<span class=\"_ _0\"></span>rivativ<span class=\"_ _2b\"></span>e are closely</div>\n<div class=\"t m0 x1a h4f yc2f ffb6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">related<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">to t<span class=\"_ _2b\"></span>hose of the host<span class=\"_ _0\"></span> contra<span class=\"_ _0\"></span>ct, the <span class=\"_ _0\"></span>embe<span class=\"wsf0\">d<span class=\"_ _0\"></span>ded deriv<span class=\"_ _0\"></span>ative is not<span class=\"_ _0\"></span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc30 ffb6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ed, and the hybrid fin<span class=\"_ _0\"></span>ancial ins<span class=\"_ _2b\"></span>trument is measu<span class=\"_ _0\"></span>red as one</div>\n<div class=\"t m0 x1a h4f yc31 ffb6 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">instrument. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 367px; width: 351px; z-index: 7;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If the host co<span class=\"_ _0\"></span>ntract is<span class=\"_ _0\"></span> not measur<span class=\"_ _2b\"></span>ed at fair value throu<span class=\"_ _0\"></span>gh profit or lo<span class=\"_ _0\"></span>ss</div>\n<div class=\"t m0 x7 h4f y803 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the c<span class=\"_ _2b\"></span>haracteristic<span class=\"_ _0\"></span>s and ris<span class=\"_ _0\"></span>ks of t<span class=\"_ _0\"></span>he embed<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">de<span class=\"_ _2\"></span>d derivative are not </span></div>\n<div class=\"t m0 x7 h4f y804 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">closely r<span class=\"_ _0\"></span>elated to tho<span class=\"_ _2b\"></span>se of the host contract<span class=\"_ _0\"></span>, the emb<span class=\"_ _0\"></span>edded deriv<span class=\"_ _2b\"></span>ative</div>\n<div class=\"t m0 x7 h4f y805 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">should be separa<span class=\"_ _2\"></span>ted from the host contract<span class=\"_ _2\"></span> and measured at fair value</div>\n<div class=\"t m0 x7 h4f y806 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a stand<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">alo<span class=\"_ _0\"></span>ne deriv<span class=\"_ _0\"></span>ative. C<span class=\"_ _2b\"></span>hanges in the f<span class=\"_ _2b\"></span>air value are rec<span class=\"_ _2b\"></span>orded in </span></div>\n<div class=\"t m0 x7 h4f y807 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span>The <span class=\"_ _0\"></span>host co<span class=\"_ _0\"></span>ntract <span class=\"_ _0\"></span>is accou<span class=\"_ _0\"></span>nted fo<span class=\"_ _0\"></span>r and meas<span class=\"_ _2b\"></span>ured</div>\n<div class=\"t m0 x7 h4f y808 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">applyin<span class=\"_ _0\"></span>g the rul<span class=\"_ _0\"></span>es of the <span class=\"_ _2b\"></span>relevant cate<span class=\"_ _0\"></span>gory of t<span class=\"_ _0\"></span>he finan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>trumen<span class=\"_ _0\"></span>t.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Embedded der<span class=\"_ _2\"></span>ivatives requiring <span class=\"_ _2\"></span>separation are repo<span class=\"_ _2\"></span>rted as hedging</div>\n<div class=\"t m0 x7 h4f y80b ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ives or deri<span class=\"_ _2b\"></span>vatives held for tr<span class=\"_ _0\"></span>ading as <span class=\"lse2 wsf1\">appropriate.<span class=\"ls0 ws0\"> </span></span></div>\n\n<div class=\"t m0 x7 h55 y8ce ffbd fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Hedging<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y882 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On the date Ag<span class=\"_ _2b\"></span>eas enters into a der<span class=\"_ _0\"></span>ivative c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">and decide<span class=\"_ _2\"></span>s to </span></span></div>\n<div class=\"t m0 x7 h4f y883 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">designat<span class=\"_ _2b\"></span>e the contract<span class=\"_ _0\"></span> for he<span class=\"_ _0\"></span>dging pu<span class=\"_ _0\"></span>rposes<span class=\"_ _0\"></span><span class=\"lse2 ws103\">, this contract is<span class=\"_ _2\"></span> designated </span></div>\n<div class=\"t m0 x7 h4f y884 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as either:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y885 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A fair value he<span class=\"_ _0\"></span>dge: a <span class=\"_ _0\"></span>hedge of t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of a reco<span class=\"_ _2b\"></span>gnised asset </span></span></div>\n<div class=\"t m0 x43 h4f y886 ffbb fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">or liab<span class=\"_ _2\"></span>ility;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb ls107 ws122\">A <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hed<span class=\"_ _0\"></span>ge of a net inves<span class=\"_ _0\"></span>tment i<span class=\"_ _0\"></span>n a foreign enti<span class=\"_ _2b\"></span>ty<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y8d0 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A cash flow he<span class=\"_ _0\"></span>dge: a he<span class=\"_ _0\"></span>dge of fut<span class=\"_ _2b\"></span>ure cash flows<span class=\"_ _0\"></span> attribut<span class=\"_ _2b\"></span>able to a </span></span></div>\n<div class=\"t m0 x43 h4f y8d1 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised a<span class=\"_ _2\"></span>sset or liability<span class=\"_ _2\"></span> or a <span class=\"ws103\">highly probable<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">for<span class=\"_ _0\"></span>ecast </span></span></div>\n<div class=\"t m0 x43 h4f y8d2 ffbb fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d3 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb28 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Hedges of firm<span class=\"_ _2\"></span> commitments are fair value hedge<span class=\"_ _2\"></span>s, except for hedge<span class=\"lsf4 ws114\">s of </span></div>\n<div class=\"t m0 x7 h4f yb29 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the for<span class=\"_ _0\"></span>eign exc<span class=\"_ _2b\"></span>hange risk of a f<span class=\"_ _0\"></span>irm comm<span class=\"_ _2b\"></span>itment, which<span class=\"_ _0\"></span> are acco<span class=\"_ _0\"></span>unted f<span class=\"_ _0\"></span>or</div>\n<div class=\"t m0 x7 h4f yb2a ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">as cash flow hedge<span class=\"_ _2\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2b ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the cont<span class=\"_ _0\"></span>ext of hedge acc<span class=\"_ _2b\"></span>ounting, the fol<span class=\"_ _0\"></span>lowing doc<span class=\"_ _2b\"></span>umentation is</div>\n<div class=\"t m0 x7 h4f yb2d ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">prepared:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y962 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">At the start of the trans<span class=\"_ _0\"></span>action, t<span class=\"_ _0\"></span>he relat<span class=\"_ _0\"></span>ionship b<span class=\"_ _2b\"></span>etween <span class=\"wsef\">the <span class=\"lse2 wsf1\">hedging </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y963 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> and hedged items,<span class=\"_ _2\"></span> as well as its<span class=\"_ _2\"></span> risk management</div>\n<div class=\"t m0 x43 h4f y964 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">objective and s<span class=\"_ _2\"></span>trategy for undertaking va<span class=\"_ _2\"></span>rious hedge transactions,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x43 h4f y965 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are docum<span class=\"_ _0\"></span>ented<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x7 h4f y966 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">Both at the start of the<span class=\"_ _0\"></span> hedge and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, the </span></span></div>\n<div class=\"t m0 x43 h4f y967 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assessm<span class=\"_ _2b\"></span>ent of whether t<span class=\"_ _2b\"></span>he derivatives<span class=\"_ _2b\"></span> that are used <span class=\"_ _0\"></span><span class=\"lse2\">in hedging<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x43 h4f y968 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions are high<span class=\"_ _0\"></span>ly effect<span class=\"_ _2b\"></span>ive in offsett<span class=\"_ _2b\"></span>ing changes in <span class=\"_ _0\"></span>fair valu<span class=\"_ _2b\"></span>es</div>\n<div class=\"t m0 x43 h4f y969 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or cash <span class=\"_ _2\"></span>flows of hedged i<span class=\"_ _2\"></span>tems is documented.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Assets, liabil<span class=\"_ _2\"></span>ities, firm commitments or high<span class=\"_ _2\"></span>ly probable forecast</div>\n<div class=\"t m0 x7 h4f y96c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions that involve a p<span class=\"_ _0\"></span>arty exter<span class=\"_ _2b\"></span>nal to Ageas are desig<span class=\"_ _2b\"></span>nated as</div>\n<div class=\"t m0 x7 h4f y96d ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">hedged it<span class=\"_ _2b\"></span>ems. A hedged i<span class=\"_ _0\"></span>tem can <span class=\"_ _2b\"></span>also be a part<span class=\"_ _0\"></span>icular r<span class=\"_ _0\"></span>isk that i<span class=\"_ _2b\"></span>s a</div>\n<div class=\"t m0 x7 h4f y96e ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">portion of<span class=\"_ _0\"></span> the total ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e hedged i<span class=\"_ _0\"></span>tem. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96f ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y970 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"lse2 wsf1\">hange</span>s<span class=\"_ _2\"></span> <span class=\"ls102 ws11d\">in <span class=\"lse2 wsf1\">the <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fai<span class=\"_ _0\"></span>r value of a hedg<span class=\"_ _2b\"></span>ed item that is attri<span class=\"_ _0\"></span>butabl<span class=\"_ _0\"></span>e to the </span></span></span></div>\n<div class=\"t m0 x7 h4f y971 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged ris<span class=\"_ _2\"></span>k and <span class=\"ls0 ws0\">c</span><span class=\"wsf1\">hange<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span></span><span class=\"lse0\">in the f<span class=\"_ _2b\"></span>air value of the <span class=\"_ _2b\"></span>hedging inst<span class=\"_ _0\"></span><span class=\"wsf0\">rument in a </span></span></div>\n<div class=\"t m0 x7 h4f y972 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">fair value hedge<span class=\"_ _2\"></span> are recognised in the income s<span class=\"_ _2\"></span>tatement. The change in</div>\n<div class=\"t m0 x7 h4f y973 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"lse0 wsf0\">fair value of int<span class=\"_ _2b\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">bearing<span class=\"_ _2\"></span> derivative instrum<span class=\"_ _2\"></span>ents is presented </span></span></span></div>\n<div class=\"t m0 x7 h4f y974 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ely <span class=\"_ _2\"></span>fr<span class=\"_ _2b\"></span>om interest accr<span class=\"_ _0\"></span>uals. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y976 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If the he<span class=\"_ _2b\"></span>dge no longer m<span class=\"_ _0\"></span>eets th<span class=\"_ _0\"></span>e crite<span class=\"_ _0\"></span>ria for h<span class=\"_ _0\"></span>edge acc<span class=\"_ _0\"></span>ounting,<span class=\"_ _2b\"></span> o<span class=\"ls102 ws129\">r is<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9da ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">otherwise di<span class=\"_ _2\"></span>scontinued, the adjustment to<span class=\"_ _2\"></span> the carrying amount of a</div>\n<div class=\"t m0 x7 h4f y9db ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged intere<span class=\"_ _2\"></span>st<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">bearing f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al instrum<span class=\"_ _0\"></span>ent that res<span class=\"_ _2b\"></span>ults from hedge </span></span></div>\n<div class=\"t m0 x7 h4f y9dc ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing is am<span class=\"_ _0\"></span>ortis<span class=\"_ _0\"></span>ed using t<span class=\"_ _2b\"></span>he new effectiv<span class=\"_ _2b\"></span>e interest rate c<span class=\"_ _2b\"></span>alculated</div>\n<div class=\"t m0 x7 h4f y9dd ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the hedg<span class=\"_ _0\"></span>e disconti<span class=\"_ _2b\"></span>nuance date.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc13 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Changes<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in the fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es that are de<span class=\"_ _0\"></span>signat<span class=\"_ _0\"></span>ed and qualif<span class=\"_ _0\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yc14 ffbb fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">as cash<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">flow hedges a<span class=\"_ _2\"></span>re recognised in <span class=\"_ _2\"></span><span class=\"ws103\">other comprehensive in<span class=\"_ _2\"></span>come</span></span> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">under the caption<span class=\"_ _2\"></span> \u2018Unrealised gains and<span class=\"_ _2\"></span> losses\u2019. The amount in <span class=\"lse0 wsef\">other </span></div>\n<div class=\"t m0 x1a h4f yc16 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">comprehensive in<span class=\"_ _2\"></span>come<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">is recl<span class=\"_ _0\"></span>assifie<span class=\"_ _0\"></span>d to the <span class=\"_ _0\"></span>income st<span class=\"_ _2b\"></span>ate<span class=\"wsf0\">ment when the </span></span></span></div>\n<div class=\"t m0 x1a h4f yc17 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedged it<span class=\"_ _0\"></span>em affect<span class=\"_ _0\"></span>s the incom<span class=\"_ _0\"></span>e stateme<span class=\"_ _0\"></span>nt. Any hed<span class=\"_ _0\"></span>ge ineffect<span class=\"_ _2b\"></span>iveness is</div>\n<div class=\"t m0 x1a h4f yc18 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">immediately rec<span class=\"_ _2\"></span>ognised in the income statement<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>hedge <span class=\"_ _0\"></span>of a forec<span class=\"_ _2b\"></span>ast transact<span class=\"_ _0\"></span>ion or fi<span class=\"_ _2b\"></span>rm commitment <span class=\"_ _2b\"></span>results in</div>\n<div class=\"t m0 x1a h4f yc1b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the recognition<span class=\"_ _2\"></span> of a non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">financial <span class=\"_ _2\"></span>asset or of a n<span class=\"_ _2\"></span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-</span></span></span>financial liabi<span class=\"_ _2\"></span>lity, the</div>\n<div class=\"t m0 x1a h4f yc1c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses pre<span class=\"_ _0\"></span>viousl<span class=\"_ _0\"></span>y deferre<span class=\"_ _0\"></span>d in <span class=\"lse2 ws103\">other comprehens<span class=\"_ _2\"></span>ive income<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x1a h4f yc1d ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transferred fr<span class=\"_ _2\"></span>om other comprehensive income<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>and are included in the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1e ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial measurem<span class=\"_ _2\"></span>ent of that non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">financial ass<span class=\"_ _2b\"></span>et or liability. Ot<span class=\"_ _0\"></span>herwise,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc1f ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts deferred<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">in </span></span>other compr<span class=\"_ _2\"></span>ehensive income<span class=\"ls0 ws0\"> </span>ar<span class=\"_ _2\"></span>e transferred to the</div>\n<div class=\"t m0 x1a h4f yc20 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement and <span class=\"wsef\">are </span>class<span class=\"_ _0\"></span>ified as pr<span class=\"_ _0\"></span>ofit or loss<span class=\"_ _0\"></span> in the perio<span class=\"_ _0\"></span>ds</div>\n<div class=\"t m0 x1a h4f yc21 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">during wh<span class=\"_ _0\"></span>ich the hedg<span class=\"_ _2b\"></span>ed firm commitme<span class=\"_ _0\"></span>nt or forec<span class=\"_ _0\"></span>ast transa<span class=\"_ _2b\"></span>ction affects</div>\n<div class=\"t m0 x1a h4f yc22 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc23 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc24 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The above als<span class=\"_ _2b\"></span>o applies if the hed<span class=\"_ _0\"></span>ge no<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">longer meets the cr<span class=\"_ _2\"></span>iteria for </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedge acc<span class=\"_ _2b\"></span>ounting, or is other<span class=\"_ _0\"></span>wise disc<span class=\"_ _2b\"></span>ontinued, but the h<span class=\"_ _2b\"></span>edged forecast</div>\n<div class=\"t m0 x1a h4f yc34 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion or firm co<span class=\"_ _0\"></span>mmitme<span class=\"_ _0\"></span>nt are st<span class=\"_ _2b\"></span>ill expected t<span class=\"_ _0\"></span>o occur.<span class=\"_ _0\"></span> If the h<span class=\"_ _0\"></span>edged</div>\n<div class=\"t m0 x1a h4f yc35 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">forecast trans<span class=\"_ _2\"></span>action or firm commitment are<span class=\"_ _2\"></span> no longer expected to</div>\n<div class=\"t m0 x1a h4f yc36 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occur, th<span class=\"_ _0\"></span>e am<span class=\"lse2 wsfa\">ounts deferred<span class=\"_ _2\"></span> in </span>other com<span class=\"_ _2b\"></span>prehensive inc<span class=\"_ _0\"></span>ome<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are <span class=\"lse2 wsf1\">directly </span></span></div>\n<div class=\"t m0 x1a h4f yc37 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transfe<span class=\"_ _0\"></span>rred to t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 346px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 646px; width: 352px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 335px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 824px; width: 352px; z-index: 7;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag396": {
   "value": "\n<div class=\"t m0 x7 h55 y8ce ffbd fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Hedging<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y882 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On the date Ag<span class=\"_ _2b\"></span>eas enters into a der<span class=\"_ _0\"></span>ivative c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">and decide<span class=\"_ _2\"></span>s to </span></span></div>\n<div class=\"t m0 x7 h4f y883 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">designat<span class=\"_ _2b\"></span>e the contract<span class=\"_ _0\"></span> for he<span class=\"_ _0\"></span>dging pu<span class=\"_ _0\"></span>rposes<span class=\"_ _0\"></span><span class=\"lse2 ws103\">, this contract is<span class=\"_ _2\"></span> designated </span></div>\n<div class=\"t m0 x7 h4f y884 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as either:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y885 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A fair value he<span class=\"_ _0\"></span>dge: a <span class=\"_ _0\"></span>hedge of t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of a reco<span class=\"_ _2b\"></span>gnised asset </span></span></div>\n<div class=\"t m0 x43 h4f y886 ffbb fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">or liab<span class=\"_ _2\"></span>ility;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb ls107 ws122\">A <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hed<span class=\"_ _0\"></span>ge of a net inves<span class=\"_ _0\"></span>tment i<span class=\"_ _0\"></span>n a foreign enti<span class=\"_ _2b\"></span>ty<span class=\"ls0 ws0\">;<span class=\"_ _2\"></span> </span><span class=\"wsef\">or<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y8d0 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsfa\">A cash flow he<span class=\"_ _0\"></span>dge: a he<span class=\"_ _0\"></span>dge of fut<span class=\"_ _2b\"></span>ure cash flows<span class=\"_ _0\"></span> attribut<span class=\"_ _2b\"></span>able to a </span></span></div>\n<div class=\"t m0 x43 h4f y8d1 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised a<span class=\"_ _2\"></span>sset or liability<span class=\"_ _2\"></span> or a <span class=\"ws103\">highly probable<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">for<span class=\"_ _0\"></span>ecast </span></span></div>\n<div class=\"t m0 x43 h4f y8d2 ffbb fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d3 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb28 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Hedges of firm<span class=\"_ _2\"></span> commitments are fair value hedge<span class=\"_ _2\"></span>s, except for hedge<span class=\"lsf4 ws114\">s of </span></div>\n<div class=\"t m0 x7 h4f yb29 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the for<span class=\"_ _0\"></span>eign exc<span class=\"_ _2b\"></span>hange risk of a f<span class=\"_ _0\"></span>irm comm<span class=\"_ _2b\"></span>itment, which<span class=\"_ _0\"></span> are acco<span class=\"_ _0\"></span>unted f<span class=\"_ _0\"></span>or</div>\n<div class=\"t m0 x7 h4f yb2a ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">as cash flow hedge<span class=\"_ _2\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2b ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the cont<span class=\"_ _0\"></span>ext of hedge acc<span class=\"_ _2b\"></span>ounting, the fol<span class=\"_ _0\"></span>lowing doc<span class=\"_ _2b\"></span>umentation is</div>\n<div class=\"t m0 x7 h4f yb2d ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">prepared:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y962 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">At the start of the trans<span class=\"_ _0\"></span>action, t<span class=\"_ _0\"></span>he relat<span class=\"_ _0\"></span>ionship b<span class=\"_ _2b\"></span>etween <span class=\"wsef\">the <span class=\"lse2 wsf1\">hedging </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y963 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">instruments<span class=\"_ _2\"></span> and hedged items,<span class=\"_ _2\"></span> as well as its<span class=\"_ _2\"></span> risk management</div>\n<div class=\"t m0 x43 h4f y964 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">objective and s<span class=\"_ _2\"></span>trategy for undertaking va<span class=\"_ _2\"></span>rious hedge transactions,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x43 h4f y965 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are docum<span class=\"_ _0\"></span>ented<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x7 h4f y966 ffbe fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffbf\"> <span class=\"_ _46\"> </span><span class=\"ffbb lse0 wsf0\">Both at the start of the<span class=\"_ _0\"></span> hedge and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, the </span></span></div>\n<div class=\"t m0 x43 h4f y967 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assessm<span class=\"_ _2b\"></span>ent of whether t<span class=\"_ _2b\"></span>he derivatives<span class=\"_ _2b\"></span> that are used <span class=\"_ _0\"></span><span class=\"lse2\">in hedging<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x43 h4f y968 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions are high<span class=\"_ _0\"></span>ly effect<span class=\"_ _2b\"></span>ive in offsett<span class=\"_ _2b\"></span>ing changes in <span class=\"_ _0\"></span>fair valu<span class=\"_ _2b\"></span>es</div>\n<div class=\"t m0 x43 h4f y969 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or cash <span class=\"_ _2\"></span>flows of hedged i<span class=\"_ _2\"></span>tems is documented.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96a ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Assets, liabil<span class=\"_ _2\"></span>ities, firm commitments or high<span class=\"_ _2\"></span>ly probable forecast</div>\n<div class=\"t m0 x7 h4f y96c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ions that involve a p<span class=\"_ _0\"></span>arty exter<span class=\"_ _2b\"></span>nal to Ageas are desig<span class=\"_ _2b\"></span>nated as</div>\n<div class=\"t m0 x7 h4f y96d ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">hedged it<span class=\"_ _2b\"></span>ems. A hedged i<span class=\"_ _0\"></span>tem can <span class=\"_ _2b\"></span>also be a part<span class=\"_ _0\"></span>icular r<span class=\"_ _0\"></span>isk that i<span class=\"_ _2b\"></span>s a</div>\n<div class=\"t m0 x7 h4f y96e ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">portion of<span class=\"_ _0\"></span> the total ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e hedged i<span class=\"_ _0\"></span>tem. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y96f ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y970 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"lse2 wsf1\">hange</span>s<span class=\"_ _2\"></span> <span class=\"ls102 ws11d\">in <span class=\"lse2 wsf1\">the <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fai<span class=\"_ _0\"></span>r value of a hedg<span class=\"_ _2b\"></span>ed item that is attri<span class=\"_ _0\"></span>butabl<span class=\"_ _0\"></span>e to the </span></span></span></div>\n<div class=\"t m0 x7 h4f y971 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged ris<span class=\"_ _2\"></span>k and <span class=\"ls0 ws0\">c</span><span class=\"wsf1\">hange<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span></span><span class=\"lse0\">in the f<span class=\"_ _2b\"></span>air value of the <span class=\"_ _2b\"></span>hedging inst<span class=\"_ _0\"></span><span class=\"wsf0\">rument in a </span></span></div>\n<div class=\"t m0 x7 h4f y972 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">fair value hedge<span class=\"_ _2\"></span> are recognised in the income s<span class=\"_ _2\"></span>tatement. The change in</div>\n<div class=\"t m0 x7 h4f y973 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"lse0 wsf0\">fair value of int<span class=\"_ _2b\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">bearing<span class=\"_ _2\"></span> derivative instrum<span class=\"_ _2\"></span>ents is presented </span></span></span></div>\n<div class=\"t m0 x7 h4f y974 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>ely <span class=\"_ _2\"></span>fr<span class=\"_ _2b\"></span>om interest accr<span class=\"_ _0\"></span>uals. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y975 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y976 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If the he<span class=\"_ _2b\"></span>dge no longer m<span class=\"_ _0\"></span>eets th<span class=\"_ _0\"></span>e crite<span class=\"_ _0\"></span>ria for h<span class=\"_ _0\"></span>edge acc<span class=\"_ _0\"></span>ounting,<span class=\"_ _2b\"></span> o<span class=\"ls102 ws129\">r is<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9da ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">otherwise di<span class=\"_ _2\"></span>scontinued, the adjustment to<span class=\"_ _2\"></span> the carrying amount of a</div>\n<div class=\"t m0 x7 h4f y9db ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">hedged intere<span class=\"_ _2\"></span>st<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">bearing f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al instrum<span class=\"_ _0\"></span>ent that res<span class=\"_ _2b\"></span>ults from hedge </span></span></div>\n<div class=\"t m0 x7 h4f y9dc ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing is am<span class=\"_ _0\"></span>ortis<span class=\"_ _0\"></span>ed using t<span class=\"_ _2b\"></span>he new effectiv<span class=\"_ _2b\"></span>e interest rate c<span class=\"_ _2b\"></span>alculated</div>\n<div class=\"t m0 x7 h4f y9dd ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the hedg<span class=\"_ _0\"></span>e disconti<span class=\"_ _2b\"></span>nuance date.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc13 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Changes<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in the fair value of de<span class=\"_ _0\"></span>rivativ<span class=\"_ _0\"></span>es that are de<span class=\"_ _0\"></span>signat<span class=\"_ _0\"></span>ed and qualif<span class=\"_ _0\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yc14 ffbb fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">as cash<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">flow hedges a<span class=\"_ _2\"></span>re recognised in <span class=\"_ _2\"></span><span class=\"ws103\">other comprehensive in<span class=\"_ _2\"></span>come</span></span> </span></div>\n<div class=\"t m0 x1a h4f yc15 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">under the caption<span class=\"_ _2\"></span> \u2018Unrealised gains and<span class=\"_ _2\"></span> losses\u2019. The amount in <span class=\"lse0 wsef\">other </span></div>\n<div class=\"t m0 x1a h4f yc16 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">comprehensive in<span class=\"_ _2\"></span>come<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">is recl<span class=\"_ _0\"></span>assifie<span class=\"_ _0\"></span>d to the <span class=\"_ _0\"></span>income st<span class=\"_ _2b\"></span>ate<span class=\"wsf0\">ment when the </span></span></span></div>\n<div class=\"t m0 x1a h4f yc17 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedged it<span class=\"_ _0\"></span>em affect<span class=\"_ _0\"></span>s the incom<span class=\"_ _0\"></span>e stateme<span class=\"_ _0\"></span>nt. Any hed<span class=\"_ _0\"></span>ge ineffect<span class=\"_ _2b\"></span>iveness is</div>\n<div class=\"t m0 x1a h4f yc18 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">immediately rec<span class=\"_ _2\"></span>ognised in the income statement<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>hedge <span class=\"_ _0\"></span>of a forec<span class=\"_ _2b\"></span>ast transact<span class=\"_ _0\"></span>ion or fi<span class=\"_ _2b\"></span>rm commitment <span class=\"_ _2b\"></span>results in</div>\n<div class=\"t m0 x1a h4f yc1b ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the recognition<span class=\"_ _2\"></span> of a non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">financial <span class=\"_ _2\"></span>asset or of a n<span class=\"_ _2\"></span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-</span></span></span>financial liabi<span class=\"_ _2\"></span>lity, the</div>\n<div class=\"t m0 x1a h4f yc1c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses pre<span class=\"_ _0\"></span>viousl<span class=\"_ _0\"></span>y deferre<span class=\"_ _0\"></span>d in <span class=\"lse2 ws103\">other comprehens<span class=\"_ _2\"></span>ive income<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x1a h4f yc1d ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">transferred fr<span class=\"_ _2\"></span>om other comprehensive income<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>and are included in the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1e ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial measurem<span class=\"_ _2\"></span>ent of that non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">financial ass<span class=\"_ _2b\"></span>et or liability. Ot<span class=\"_ _0\"></span>herwise,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc1f ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts deferred<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">in </span></span>other compr<span class=\"_ _2\"></span>ehensive income<span class=\"ls0 ws0\"> </span>ar<span class=\"_ _2\"></span>e transferred to the</div>\n<div class=\"t m0 x1a h4f yc20 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement and <span class=\"wsef\">are </span>class<span class=\"_ _0\"></span>ified as pr<span class=\"_ _0\"></span>ofit or loss<span class=\"_ _0\"></span> in the perio<span class=\"_ _0\"></span>ds</div>\n<div class=\"t m0 x1a h4f yc21 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">during wh<span class=\"_ _0\"></span>ich the hedg<span class=\"_ _2b\"></span>ed firm commitme<span class=\"_ _0\"></span>nt or forec<span class=\"_ _0\"></span>ast transa<span class=\"_ _2b\"></span>ction affects</div>\n<div class=\"t m0 x1a h4f yc22 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc23 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc24 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The above als<span class=\"_ _2b\"></span>o applies if the hed<span class=\"_ _0\"></span>ge no<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">longer meets the cr<span class=\"_ _2\"></span>iteria for </span></span></div>\n<div class=\"t m0 x1a h4f yc25 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hedge acc<span class=\"_ _2b\"></span>ounting, or is other<span class=\"_ _0\"></span>wise disc<span class=\"_ _2b\"></span>ontinued, but the h<span class=\"_ _2b\"></span>edged forecast</div>\n<div class=\"t m0 x1a h4f yc34 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion or firm co<span class=\"_ _0\"></span>mmitme<span class=\"_ _0\"></span>nt are st<span class=\"_ _2b\"></span>ill expected t<span class=\"_ _0\"></span>o occur.<span class=\"_ _0\"></span> If the h<span class=\"_ _0\"></span>edged</div>\n<div class=\"t m0 x1a h4f yc35 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">forecast trans<span class=\"_ _2\"></span>action or firm commitment are<span class=\"_ _2\"></span> no longer expected to</div>\n<div class=\"t m0 x1a h4f yc36 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occur, th<span class=\"_ _0\"></span>e am<span class=\"lse2 wsfa\">ounts deferred<span class=\"_ _2\"></span> in </span>other com<span class=\"_ _2b\"></span>prehensive inc<span class=\"_ _0\"></span>ome<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are <span class=\"lse2 wsf1\">directly </span></span></div>\n<div class=\"t m0 x1a h4f yc37 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transfe<span class=\"_ _0\"></span>rred to t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 741px; height: 346px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 646px; width: 352px; z-index: 8;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag414": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div id=\"fs_WIILL92SOG00000000000000000000\">\n<div class=\"t m0 x1a h4f ybf4 ffbb fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.3<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"ls102 ws11d\">Sa<span class=\"_ _2\"></span>le</span> <span class=\"lse2 wsfa\">and repurchase<span class=\"_ _2\"></span> agreements and l<span class=\"_ _2\"></span>ending / borrowing<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1e6 h4f ybf5 ffbb fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">securities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf6 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies subjec<span class=\"_ _0\"></span>t to a commit<span class=\"_ _2b\"></span>ment to repurchas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>em (\u2018repo\u2019<span class=\"_ _0\"></span>) are not</div>\n<div class=\"t m0 x1a h4f ybf7 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised fr<span class=\"_ _0\"></span>om the state<span class=\"_ _0\"></span>ment of fina<span class=\"_ _2b\"></span>ncial position as su<span class=\"_ _2b\"></span>bstantially all</div>\n<div class=\"t m0 x1a h4f ybf8 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the risk and r<span class=\"_ _0\"></span>ewards of ow<span class=\"_ _2b\"></span>nership remain w<span class=\"_ _0\"></span>ithin Age<span class=\"_ _0\"></span>as. The pr<span class=\"_ _0\"></span>oceeds</div>\n<div class=\"t m0 x1a h4f ybf9 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">received f<span class=\"_ _2\"></span>rom such sales are <span class=\"_ _2\"></span>neutralised by re<span class=\"_ _2\"></span>cognising a</div>\n<div class=\"t m0 x1a h4f ybfa ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">corresponding<span class=\"_ _2\"></span> financial liability, cla<span class=\"_ _2\"></span>ssified under \u2018Bo<span class=\"wsf1\">rrowings\u2019<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ybfb ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfc ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies purch<span class=\"_ _0\"></span>ased unde<span class=\"_ _0\"></span>r agreem<span class=\"_ _0\"></span>ents to rese<span class=\"_ _2b\"></span>ll (\u2018reverse repos<span class=\"_ _2b\"></span>\u2019) are</div>\n<div class=\"t m0 x1a h4f ybfd ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d on the st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> of finan<span class=\"_ _2b\"></span>cial position.<span class=\"_ _0\"></span> The ri<span class=\"_ _0\"></span>ght to</div>\n<div class=\"t m0 x1a h4f ybfe ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">receive cash from<span class=\"_ _2\"></span> a counterparty is recorded<span class=\"_ _2\"></span> under \u2018Loans\u2019. The</div>\n<div class=\"t m0 x1a h4f ybff ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">difference bet<span class=\"_ _2\"></span>ween the sale and repurchase pri<span class=\"_ _2\"></span>ce is tr<span class=\"lse0 wsf0\">eated as i<span class=\"_ _2b\"></span>nterest </span></div>\n<div class=\"t m0 x1a h4f yc00 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and accru<span class=\"_ _2b\"></span>ed over the life of the ag<span class=\"_ _0\"></span>reements us<span class=\"_ _2b\"></span>ing the effectiv<span class=\"_ _0\"></span>e interest<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc01 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">method. <span class=\"ls0 ws0\"> </span></div>\n</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 349px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x1a h4f yc02 ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc03 ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies lent t<span class=\"_ _2b\"></span>o counterpart<span class=\"_ _0\"></span>ies rem<span class=\"_ _0\"></span>ain on t<span class=\"_ _0\"></span>he state<span class=\"_ _2b\"></span>ment of financi<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x1a h4f yc04 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">position. Si<span class=\"_ _2\"></span>milarly, securities <span class=\"_ _2\"></span>borrowed are no<span class=\"_ _2\"></span>t recognised on <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x1a h4f yc05 ffbb fs3a fc14 sc0 lsf4 ws114\" style=\"z-index: 15;\">statement of fina<span class=\"lse2 ws103\">ncial po<span class=\"_ _2\"></span>sition. If borrowed securities are sold to third </span></div>\n<div class=\"t m0 x1a h4f yc06 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">parties, the proceeds from the sale and a liability for the obligation to</div>\n<div class=\"t m0 x1a h4f yc07 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">return the collateral are recorded. The obligation to return the collateral<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc08 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is measured at fair value through profit or loss. Cash advanced or<span class=\"ls0 ws0\"><span class=\"lse2 wsfa\"><span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yc09 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">received related to securities borrowing or lending transactions is</div>\n<div class=\"t m0 x1a h4f yc0a ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recorded under \u2018Loans\u2019 or under \u2018Borrowings\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 356px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 356px; width: 349px; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y892 ffe8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.12<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span>Debt <span class=\"_ _2\"></span><span class=\"lsfb wsfa\">certifi<span class=\"_ _2\"></span>cates<span class=\"lse2\">, subord<span class=\"_ _2\"></span>inated liabilities<span class=\"_ _2\"></span> and other borrowin<span class=\"_ _2\"></span>gs<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y893 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Debt certi<span class=\"_ _2\"></span>ficates, subordinated<span class=\"_ _2\"></span> liabilities and o<span class=\"_ _2\"></span>ther borrowings are<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y894 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">initiall<span class=\"_ _0\"></span>y recog<span class=\"_ _0\"></span>nised at<span class=\"_ _0\"></span> fair val<span class=\"_ _2b\"></span>ue including d<span class=\"_ _0\"></span>irect t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ion cost<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y895 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">incurred. Su<span class=\"_ _2\"></span>bsequently, they are<span class=\"_ _2\"></span> measured at amor<span class=\"_ _2\"></span>tised cost, and <span class=\"_ _2\"></span>any</div>\n<div class=\"t m0 x7 h4f y896 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">difference be<span class=\"_ _2\"></span>tween net proceed<span class=\"_ _2\"></span>s and the redempti<span class=\"lse0 wsf0\">on value is </span></div>\n<div class=\"t m0 x7 h4f y897 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent over the p<span class=\"_ _0\"></span>eriod of t<span class=\"_ _2b\"></span>he borrowing<span class=\"ls0 ws0\">, </span></div>\n<div class=\"t m0 x7 h4f y898 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">using the eff<span class=\"_ _2b\"></span>ective interes<span class=\"_ _0\"></span>t method.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y899 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y89a ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Debt tha<span class=\"_ _0\"></span>t can be c<span class=\"_ _2b\"></span>onverted int<span class=\"_ _0\"></span>o a fixe<span class=\"_ _0\"></span>d number <span class=\"_ _0\"></span>of <span class=\"lse2 wsf1\">Ageas's <span class=\"wsfa\">own s<span class=\"_ _2\"></span>hares is </span></span></div>\n<div class=\"t m0 x7 h4f y89b ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">separated in<span class=\"_ _2\"></span>to two components<span class=\"_ _2\"></span> on initial recogni<span class=\"_ _2\"></span>tion: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89c ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 ls102 ws129\">A<span class=\"_ _2\"></span> liabilit<span class=\"lse0 wsf0\">y instrument<span class=\"_ _0\"></span>, determ<span class=\"_ _0\"></span>ined by meas<span class=\"_ _2b\"></span>uring the fair valu<span class=\"_ _0\"></span>e of a </span></span></span></div>\n<div class=\"t m0 x43 h4f y89d ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">similar l<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> (includ<span class=\"_ _0\"></span>ing any emb<span class=\"_ _0\"></span>edded non<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">equity derivative </span></span></div>\n<div class=\"t m0 x43 h4f y89e ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">features) tha<span class=\"_ _2\"></span>t do not have an associated equ<span class=\"_ _2\"></span>ity component; and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89f ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsfa\">An equity inst<span class=\"_ _0\"></span>rument,<span class=\"_ _0\"></span> of whi<span class=\"_ _0\"></span>ch the c<span class=\"_ _0\"></span>arrying <span class=\"_ _0\"></span>amount r<span class=\"_ _0\"></span>eprese<span class=\"_ _0\"></span>nts the </span></span></div>\n<div class=\"t m0 x43 h4f y8a0 ffe8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">optio<span class=\"wsfa\">n t<span class=\"_ _0\"></span>o conve<span class=\"_ _0\"></span>rt the inst<span class=\"_ _2b\"></span>rument into c<span class=\"_ _0\"></span>ommon sh<span class=\"_ _2b\"></span>ares, determi<span class=\"_ _0\"></span>ned </span></div>\n<div class=\"t m0 x43 h4f y8a1 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by deduct<span class=\"_ _0\"></span>ing the car<span class=\"_ _0\"></span>rying amo<span class=\"_ _0\"></span>unt of the fi<span class=\"_ _0\"></span>nancial li<span class=\"_ _2b\"></span>ability from the</div>\n<div class=\"t m0 x43 h4f y8a2 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the com<span class=\"_ _2b\"></span>pound instrum<span class=\"_ _2b\"></span>ent as a whole.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a3 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2e ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">If Ageas<span class=\"_ _2\"></span> redeems the debt<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsef\">cert<span class=\"_ _2b\"></span>ificates<span class=\"lse2 wsfa\">, subordinated<span class=\"_ _2\"></span> liabilities and o<span class=\"_ _2\"></span>ther </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2f ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">borrow<span class=\"lse0 wsf0\">ings, these ar<span class=\"_ _2b\"></span>e removed from the st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> of financi<span class=\"_ _0\"></span>al positi<span class=\"_ _0\"></span>on </span></div>\n<div class=\"t m0 x7 h4f yb30 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce betw<span class=\"_ _2b\"></span>een the carryi<span class=\"_ _2b\"></span>ng amount of t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _0\"></span>y and t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f yb31 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration paid is i<span class=\"_ _0\"></span>nclude<span class=\"_ _0\"></span>d in the i<span class=\"_ _2b\"></span>ncome stateme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 346px; width: 354px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 351px; width: 354px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag412": {
   "value": "\n<div><br/></div>\n<div id=\"fs_WIILL92SOG00000000000000000000\">\n<div class=\"t m0 x1a h4f ybf4 ffbb fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.3<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"ls102 ws11d\">Sa<span class=\"_ _2\"></span>le</span> <span class=\"lse2 wsfa\">and repurchase<span class=\"_ _2\"></span> agreements and l<span class=\"_ _2\"></span>ending / borrowing<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1e6 h4f ybf5 ffbb fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">securities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybf6 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies subjec<span class=\"_ _0\"></span>t to a commit<span class=\"_ _2b\"></span>ment to repurchas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>em (\u2018repo\u2019<span class=\"_ _0\"></span>) are not</div>\n<div class=\"t m0 x1a h4f ybf7 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dereco<span class=\"_ _0\"></span>gnised fr<span class=\"_ _0\"></span>om the state<span class=\"_ _0\"></span>ment of fina<span class=\"_ _2b\"></span>ncial position as su<span class=\"_ _2b\"></span>bstantially all</div>\n<div class=\"t m0 x1a h4f ybf8 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the risk and r<span class=\"_ _0\"></span>ewards of ow<span class=\"_ _2b\"></span>nership remain w<span class=\"_ _0\"></span>ithin Age<span class=\"_ _0\"></span>as. The pr<span class=\"_ _0\"></span>oceeds</div>\n<div class=\"t m0 x1a h4f ybf9 ffbb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">received f<span class=\"_ _2\"></span>rom such sales are <span class=\"_ _2\"></span>neutralised by re<span class=\"_ _2\"></span>cognising a</div>\n<div class=\"t m0 x1a h4f ybfa ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">corresponding<span class=\"_ _2\"></span> financial liability, cla<span class=\"_ _2\"></span>ssified under \u2018Bo<span class=\"wsf1\">rrowings\u2019<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ybfb ffbb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfc ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies purch<span class=\"_ _0\"></span>ased unde<span class=\"_ _0\"></span>r agreem<span class=\"_ _0\"></span>ents to rese<span class=\"_ _2b\"></span>ll (\u2018reverse repos<span class=\"_ _2b\"></span>\u2019) are</div>\n<div class=\"t m0 x1a h4f ybfd ffbb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d on the st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> of finan<span class=\"_ _2b\"></span>cial position.<span class=\"_ _0\"></span> The ri<span class=\"_ _0\"></span>ght to</div>\n<div class=\"t m0 x1a h4f ybfe ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">receive cash from<span class=\"_ _2\"></span> a counterparty is recorded<span class=\"_ _2\"></span> under \u2018Loans\u2019. The</div>\n<div class=\"t m0 x1a h4f ybff ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">difference bet<span class=\"_ _2\"></span>ween the sale and repurchase pri<span class=\"_ _2\"></span>ce is tr<span class=\"lse0 wsf0\">eated as i<span class=\"_ _2b\"></span>nterest </span></div>\n<div class=\"t m0 x1a h4f yc00 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and accru<span class=\"_ _2b\"></span>ed over the life of the ag<span class=\"_ _0\"></span>reements us<span class=\"_ _2b\"></span>ing the effectiv<span class=\"_ _0\"></span>e interest<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc01 ffbb fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">method. <span class=\"ls0 ws0\"> </span></div>\n</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 210px; width: 349px; z-index: 7;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepurchaseAndReverseRepurchaseAgreementsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag422": {
   "value": "If borrowed securities are sold to thirdparties, the proceeds from the sale and a liability for the obligation toreturn the collateral are recorded. The obligation to return the collateralis measured at fair value through profit or loss. Cash advanced orreceived related to securities borrowing or lending transactions isrecorded under \u2018Loans\u2019 or under \u2018Borrowings\u2019.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCollateralExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag390": {
   "value": "\n<div class=\"t m0 x1a h4f yb5b ffbb fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.4<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsf0\">Cash and cash equiv<span class=\"_ _2b\"></span>alents <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yb5c ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Cash and ca<span class=\"_ _0\"></span>sh equiva<span class=\"_ _2b\"></span>lents comprise<span class=\"_ _0\"></span> cash on hand, f<span class=\"_ _0\"></span>reely ava<span class=\"_ _0\"></span>ilable</div>\n<div class=\"t m0 x1a h4f yc38 ffbb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">balances with<span class=\"_ _2\"></span> (central) b<span class=\"lse0 wsfa\">anks a<span class=\"_ _0\"></span>nd other f<span class=\"_ _2b\"></span>inancial instr<span class=\"_ _2b\"></span>uments with l<span class=\"_ _0\"></span>ess </span></div>\n<div class=\"t m0 x1a h4f yc39 ffbb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">than thre<span class=\"_ _0\"></span>e months mat<span class=\"_ _2b\"></span>urity from the date<span class=\"_ _0\"></span> of acquisit<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 284px; height: 57px; width: 354px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag489": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 yc3d ffc2 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">property<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">held for own us<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc3e ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y classif<span class=\"_ _0\"></span>ied as held fo<span class=\"_ _0\"></span>r own use main<span class=\"_ _2b\"></span>ly includes:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc3f ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Office buildin<span class=\"_ _0\"></span>gs that Ageas oc<span class=\"_ _2b\"></span>cupies<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc40 ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 ws103\">C<span class=\"_ _2\"></span>ommercial buildings tha<span class=\"_ _2\"></span>t are used to operate a bus<span class=\"lsfb wsfa\">ine<span class=\"_ _2\"></span>ss.</span></span><span class=\"ffc0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc41 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc42 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All real est<span class=\"_ _0\"></span>ate held f<span class=\"_ _0\"></span>or own use and fi<span class=\"_ _0\"></span>xed asset<span class=\"_ _0\"></span>s are meas<span class=\"_ _0\"></span>ured at cost</div>\n<div class=\"t m0 x1a h4f yc43 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">less accum<span class=\"_ _2b\"></span>ulated depreci<span class=\"_ _0\"></span>ation (ex<span class=\"_ _0\"></span>cept for la<span class=\"_ _0\"></span>nd that is not<span class=\"_ _0\"></span> depreci<span class=\"_ _0\"></span>ated)</div>\n<div class=\"t m0 x1a h4f yc44 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and any acc<span class=\"_ _0\"></span>umulated i<span class=\"_ _2b\"></span>mpairment loss<span class=\"_ _0\"></span>es. Cost is th<span class=\"_ _0\"></span>e amount of cas<span class=\"_ _2b\"></span>h or</div>\n<div class=\"t m0 x1a h4f yc45 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash equi<span class=\"_ _0\"></span>valents<span class=\"_ _0\"></span> paid or the fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>va<span class=\"wsfa\">l<span class=\"_ _0\"></span>ue of the <span class=\"_ _2b\"></span>other consider<span class=\"_ _0\"></span>ation gi<span class=\"_ _2b\"></span>ven </span></div>\n<div class=\"t m0 x1a h4f yc46 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to acquir<span class=\"_ _0\"></span>e an asset<span class=\"_ _0\"></span> at the time of its a<span class=\"_ _0\"></span>cquisit<span class=\"_ _2b\"></span>ion or constructio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc47 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc48 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The depre<span class=\"_ _0\"></span>ciatio<span class=\"_ _0\"></span>n of buildi<span class=\"_ _0\"></span>ngs is calc<span class=\"_ _0\"></span>ulated usin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e straight<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">line metho<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x1a h4f yc49 ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to write <span class=\"_ _0\"></span>down the <span class=\"_ _2b\"></span>cost of such a<span class=\"_ _0\"></span>ssets t<span class=\"_ _0\"></span>o thei<span class=\"lse2\">r residual values <span class=\"_ _2\"></span>over their </span></div>\n<div class=\"t m0 x1a h4f yc4a ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed useful lives. Th<span class=\"_ _0\"></span>e useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>IT, of<span class=\"_ _0\"></span>fice an<span class=\"_ _0\"></span>d equipment<span class=\"_ _0\"></span> is</div>\n<div class=\"t m0 x1a h4f yc4b ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned individuall<span class=\"_ _0\"></span>y for each ass<span class=\"_ _2b\"></span>et. The useful life of<span class=\"_ _0\"></span> the buildi<span class=\"_ _0\"></span>ngs is</div>\n<div class=\"t m0 x1a h4f yc4c ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned for each sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt part s<span class=\"_ _0\"></span>eparate<span class=\"_ _0\"></span>ly (com<span class=\"_ _0\"></span>ponent a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h)</div>\n<div class=\"t m0 x1a h4f yc4d ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and is revi<span class=\"_ _0\"></span>ewed at each y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">end. T<span class=\"_ _2b\"></span>he real estate i<span class=\"_ _2b\"></span>s therefore s<span class=\"_ _0\"></span>plit int<span class=\"_ _0\"></span>o </span></div>\n<div class=\"t m0 x1a h4f ya2f ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the foll<span class=\"_ _0\"></span>owing c<span class=\"_ _2b\"></span>omponents: st<span class=\"_ _0\"></span>ructure,<span class=\"_ _0\"></span> closi<span class=\"_ _2b\"></span>ng, techniques<span class=\"_ _0\"></span> and equ<span class=\"_ _0\"></span>ipment,<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc4e ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">heavy fi<span class=\"_ _0\"></span>nishing <span class=\"_ _0\"></span>and li<span class=\"_ _0\"></span>ght finis<span class=\"_ _0\"></span>hing.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 293px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 298px; width: 353px; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f yc51 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The maxim<span class=\"_ _0\"></span>um useful lif<span class=\"_ _2b\"></span>e of components is as f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc52 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 yc53 ffc0 fs3c fc14 sc0 lsed ws12d\" style=\"z-index: 15;\">Structure<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc54 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">50 years for <span class=\"wsf3\">offices and retail<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 yc56 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 682px; z-index: 15;\">70 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc57 ffc0 fs3c fc14 sc0 ls109 ws12c\" style=\"z-index: 15;\">Closing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc58 ffc0 fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">30 years for offices an<span class=\"_ _0\"></span>d retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc74 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 641px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc5b ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Techniques and equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5c ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">15 years for car parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5d ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">20 years for offices<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc5e ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">25 years for retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc60 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 568px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 yc61 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Heavy finishing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc62 ffc0 fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">15 years <span class=\"lsec\">for car<span class=\"_ _2\"></span> parks<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1df h52 yc63 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">20 years for offices<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 yc64 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">25 years for retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc66 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 495px; z-index: 15;\">40 years for residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc68 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 470px; z-index: 15;\">Light finishing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 yc68 ffc0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 294px; bottom: 470px; z-index: 15;\">10 years for offices, retail and residential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc69 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc6a ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc6b ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Land has an unlimi<span class=\"_ _0\"></span>ted useful<span class=\"_ _0\"></span> life and is ther<span class=\"_ _2b\"></span>efore not depreci<span class=\"_ _2b\"></span>ated<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f yc6c ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 wsfa\">A<span class=\"_ _2\"></span>s a general rul<span class=\"_ _2\"></span>e, residual value<span class=\"_ _2\"></span>s are <span class=\"lse0 wsf0\">consid<span class=\"_ _2b\"></span>ered to be zero<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yc6d ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Repairs and maint<span class=\"_ _2b\"></span>enance expenses<span class=\"_ _0\"></span> are charg<span class=\"_ _0\"></span>ed to the inco<span class=\"_ _0\"></span>me statem<span class=\"_ _2b\"></span>ent when the expend<span class=\"_ _0\"></span>iture is inc<span class=\"_ _0\"></span>urred. Ex<span class=\"_ _2b\"></span>penditures that e<span class=\"_ _2b\"></span>nha<span class=\"lse2 ws103\">nce or ext<span class=\"_ _2\"></span>end the </span></span></span></div>\n<div class=\"t m0 x43 h4f yc6e ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s of real <span class=\"_ _2b\"></span>estate or fixe<span class=\"_ _0\"></span>d assets <span class=\"_ _0\"></span>beyond t<span class=\"_ _2b\"></span>heir original <span class=\"_ _0\"></span>use are c<span class=\"_ _2b\"></span>apitalised an<span class=\"_ _0\"></span>d subs<span class=\"lse2\">equently depreciated<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f yc6f ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 ws103\">Bo<span class=\"_ _2\"></span>rrowing costs to finance<span class=\"_ _2\"></span> the construction of proper<span class=\"_ _2\"></span>ty, plant and equipment are trea<span class=\"_ _2\"></span>ted in the same way as borrowing c<span class=\"_ _2\"></span>osts o<span class=\"lse0 wsf0\">n inve<span class=\"_ _0\"></span>stment pro<span class=\"_ _2b\"></span>perty<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 344px; height: 400px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 344px; height: 400px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag491": {
   "value": "\n<div class=\"t m0 x1a h55 yc3d ffc2 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">property<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">held for own us<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc3e ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y classif<span class=\"_ _0\"></span>ied as held fo<span class=\"_ _0\"></span>r own use main<span class=\"_ _2b\"></span>ly includes:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc3f ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse0 wsf0\">Office buildin<span class=\"_ _0\"></span>gs that Ageas oc<span class=\"_ _2b\"></span>cupies<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc40 ffc3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc4\"> <span class=\"_ _46\"> </span><span class=\"ffc0 lse2 ws103\">C<span class=\"_ _2\"></span>ommercial buildings tha<span class=\"_ _2\"></span>t are used to operate a bus<span class=\"lsfb wsfa\">ine<span class=\"_ _2\"></span>ss.</span></span><span class=\"ffc0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yc41 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc42 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">All real est<span class=\"_ _0\"></span>ate held f<span class=\"_ _0\"></span>or own use and fi<span class=\"_ _0\"></span>xed asset<span class=\"_ _0\"></span>s are meas<span class=\"_ _0\"></span>ured at cost</div>\n<div class=\"t m0 x1a h4f yc43 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">less accum<span class=\"_ _2b\"></span>ulated depreci<span class=\"_ _0\"></span>ation (ex<span class=\"_ _0\"></span>cept for la<span class=\"_ _0\"></span>nd that is not<span class=\"_ _0\"></span> depreci<span class=\"_ _0\"></span>ated)</div>\n<div class=\"t m0 x1a h4f yc44 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and any acc<span class=\"_ _0\"></span>umulated i<span class=\"_ _2b\"></span>mpairment loss<span class=\"_ _0\"></span>es. Cost is th<span class=\"_ _0\"></span>e amount of cas<span class=\"_ _2b\"></span>h or</div>\n<div class=\"t m0 x1a h4f yc45 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash equi<span class=\"_ _0\"></span>valents<span class=\"_ _0\"></span> paid or the fai<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>va<span class=\"wsfa\">l<span class=\"_ _0\"></span>ue of the <span class=\"_ _2b\"></span>other consider<span class=\"_ _0\"></span>ation gi<span class=\"_ _2b\"></span>ven </span></div>\n<div class=\"t m0 x1a h4f yc46 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to acquir<span class=\"_ _0\"></span>e an asset<span class=\"_ _0\"></span> at the time of its a<span class=\"_ _0\"></span>cquisit<span class=\"_ _2b\"></span>ion or constructio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc47 ffc0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc48 ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The depre<span class=\"_ _0\"></span>ciatio<span class=\"_ _0\"></span>n of buildi<span class=\"_ _0\"></span>ngs is calc<span class=\"_ _0\"></span>ulated usin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e straight<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">line metho<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x1a h4f yc49 ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to write <span class=\"_ _0\"></span>down the <span class=\"_ _2b\"></span>cost of such a<span class=\"_ _0\"></span>ssets t<span class=\"_ _0\"></span>o thei<span class=\"lse2\">r residual values <span class=\"_ _2\"></span>over their </span></div>\n<div class=\"t m0 x1a h4f yc4a ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed useful lives. Th<span class=\"_ _0\"></span>e useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>IT, of<span class=\"_ _0\"></span>fice an<span class=\"_ _0\"></span>d equipment<span class=\"_ _0\"></span> is</div>\n<div class=\"t m0 x1a h4f yc4b ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned individuall<span class=\"_ _0\"></span>y for each ass<span class=\"_ _2b\"></span>et. The useful life of<span class=\"_ _0\"></span> the buildi<span class=\"_ _0\"></span>ngs is</div>\n<div class=\"t m0 x1a h4f yc4c ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned for each sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt part s<span class=\"_ _0\"></span>eparate<span class=\"_ _0\"></span>ly (com<span class=\"_ _0\"></span>ponent a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h)</div>\n<div class=\"t m0 x1a h4f yc4d ffc0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and is revi<span class=\"_ _0\"></span>ewed at each y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">end. T<span class=\"_ _2b\"></span>he real estate i<span class=\"_ _2b\"></span>s therefore s<span class=\"_ _0\"></span>plit int<span class=\"_ _0\"></span>o </span></div>\n<div class=\"t m0 x1a h4f ya2f ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the foll<span class=\"_ _0\"></span>owing c<span class=\"_ _2b\"></span>omponents: st<span class=\"_ _0\"></span>ructure,<span class=\"_ _0\"></span> closi<span class=\"_ _2b\"></span>ng, techniques<span class=\"_ _0\"></span> and equ<span class=\"_ _0\"></span>ipment,<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc4e ffc0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">heavy fi<span class=\"_ _0\"></span>nishing <span class=\"_ _0\"></span>and li<span class=\"_ _0\"></span>ght finis<span class=\"_ _0\"></span>hing.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 772px; height: 293px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h55 y973 ffc7 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f property held<span class=\"_ _2\"></span> for own use and i<span class=\"_ _2\"></span>nvestment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y974 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As for other non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">finan<span class=\"_ _2b\"></span>cial assets, pro<span class=\"_ _0\"></span>perty he<span class=\"_ _0\"></span>ld for own use an<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x7 h4f y975 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment proper<span class=\"_ _2\"></span>ty<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">is </span></span>impaired<span class=\"_ _2\"></span> when its carrying amount exceeds<span class=\"_ _2\"></span> the</div>\n<div class=\"t m0 x7 h4f y976 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9db ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The recoverable<span class=\"_ _2\"></span> amount is measured as the higher<span class=\"_ _2\"></span> of either \u2018fair value</div>\n<div class=\"t m0 x7 h4f y9dc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">less cost<span class=\"_ _0\"></span>s to sel<span class=\"_ _0\"></span>l\u2019 or \u2018va<span class=\"_ _2b\"></span>lue in use\u2019<span class=\"ls0 ws0\">:  </span></div>\n<div class=\"t m0 x7 h4f y9dd ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">The \u2018fair val<span class=\"_ _0\"></span>ue less cos<span class=\"_ _0\"></span>ts to se<span class=\"_ _2b\"></span>ll\u2019 is the pric<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>ould be rec<span class=\"_ _2b\"></span>eived </span></span></div>\n<div class=\"t m0 x43 h4f y9de ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to sell an ass<span class=\"_ _0\"></span>et in an orde<span class=\"_ _0\"></span>rly trans<span class=\"_ _0\"></span>action b<span class=\"_ _0\"></span>etween ma<span class=\"_ _2b\"></span>rket</div>\n<div class=\"t m0 x6c h4f yc13 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participants<span class=\"_ _2\"></span> (based on observable and non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">observable mar<span class=\"_ _0\"></span>ket </span></span></div>\n<div class=\"t m0 x6c h4f yc14 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">data), aft<span class=\"_ _0\"></span>er deduct<span class=\"_ _2b\"></span>ing any direct incr<span class=\"_ _0\"></span>emental d<span class=\"_ _2b\"></span>isposal costs<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc15 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsfa\">\u2018value <span class=\"_ _0\"></span>in use\u2019 i<span class=\"_ _0\"></span>s the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of <span class=\"_ _0\"></span>estimate<span class=\"_ _2b\"></span>d future cash </span></span></span></div>\n<div class=\"t m0 x6c h4f yc16 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">flows ex<span class=\"_ _2b\"></span>pected to aris<span class=\"_ _0\"></span>e from c<span class=\"_ _0\"></span>ontinui<span class=\"_ _0\"></span>ng use of t<span class=\"_ _2b\"></span>he asset and fr<span class=\"_ _0\"></span>om</div>\n<div class=\"t m0 x6c h4f yc17 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">its dispos<span class=\"_ _2b\"></span>al at the end of its usefu<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>lif<span class=\"_ _0\"></span>e, without<span class=\"_ _0\"></span> deducti<span class=\"_ _2b\"></span>on <span class=\"_ _2\"></span>of<span class=\"_ _0\"></span> transfer</div>\n<div class=\"t m0 x6c h4f yc18 ffc5 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">tax.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At the end of eac<span class=\"_ _2b\"></span>h reporting peri<span class=\"_ _0\"></span>od, Ageas as<span class=\"_ _2b\"></span>sess<span class=\"lse2 ws103\">es whether there<span class=\"_ _2\"></span> is </span></div>\n<div class=\"t m0 x1a h4f yc1b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any object<span class=\"_ _0\"></span>ive indic<span class=\"_ _2b\"></span>ation that an asset<span class=\"_ _0\"></span> may be impai<span class=\"_ _0\"></span>red, con<span class=\"_ _0\"></span>sideri<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f yc1c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">various externa<span class=\"_ _2\"></span>l (e.g. significant chang<span class=\"_ _2\"></span>es in the economic environment)<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and inter<span class=\"_ _0\"></span>nal (e.g. p<span class=\"_ _0\"></span>lan to disp<span class=\"_ _0\"></span>ose) sourc<span class=\"_ _2b\"></span>es of information.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>If any<span class=\"_ _0\"></span> such</div>\n<div class=\"t m0 x1a h4f yc1e ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">indication e<span class=\"_ _2\"></span>xists (and o<span class=\"lse0 wsf0\">nly then<span class=\"_ _0\"></span>), Ageas wi<span class=\"_ _0\"></span>ll reduce t<span class=\"_ _0\"></span>he carryi<span class=\"_ _2b\"></span>ng amount </span></div>\n<div class=\"t m0 x1a h4f yc1f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the im<span class=\"_ _0\"></span>paired as<span class=\"_ _2b\"></span>set to its est<span class=\"_ _0\"></span>imated r<span class=\"_ _2b\"></span>ecoverable am<span class=\"_ _0\"></span>ount,<span class=\"_ _0\"></span> and the</div>\n<div class=\"t m0 x1a h4f yc20 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ch<span class=\"_ _0\"></span>ange in the cu<span class=\"_ _2b\"></span>rrent year is recog<span class=\"_ _0\"></span>nised in the inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x1a h4f yc21 ffc5 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc23 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">After th<span class=\"_ _2b\"></span>e recognition o<span class=\"_ _0\"></span>f an imp<span class=\"_ _0\"></span>airment<span class=\"_ _2b\"></span>, the depreciat<span class=\"_ _0\"></span>ion for f<span class=\"_ _2b\"></span>uture</div>\n<div class=\"t m0 x1a h4f yc24 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">periods i<span class=\"_ _2\"></span>s adjusted based on <span class=\"_ _2\"></span>the revised carryi<span class=\"_ _2\"></span>ng amount less <span class=\"_ _2\"></span>its</div>\n<div class=\"t m0 x1a h4f yc25 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value ov<span class=\"_ _0\"></span>er the assets<span class=\"_ _0\"></span> remaini<span class=\"_ _0\"></span>ng useful lif<span class=\"_ _0\"></span>e. For pro<span class=\"_ _0\"></span>perty, the</div>\n<div class=\"t m0 x1a h4f yc34 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>eac<span class=\"_ _2b\"></span>h significant part<span class=\"_ _0\"></span> is determ<span class=\"_ _0\"></span>ined sep<span class=\"_ _0\"></span>arately an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>revi<span class=\"_ _2b\"></span>ewed</div>\n<div class=\"t m0 x1a h4f yc35 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at year<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">end.</span> </span></div>\n<div class=\"t m0 x1a h4f yc36 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc37 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If in a subseq<span class=\"_ _0\"></span>uent p<span class=\"lse2 ws103\">eriod, the amount of the impa<span class=\"_ _2\"></span>irment on non<span class=\"ls0 ws0\">-</span></span><span class=\"wsef\">financial </span></div>\n<div class=\"t m0 x1a h4f yc75 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets ot<span class=\"_ _0\"></span>her than goo<span class=\"_ _0\"></span>dwill dec<span class=\"_ _2b\"></span>reases, due to an eve<span class=\"_ _0\"></span>nt occurr<span class=\"_ _0\"></span>ing after</div>\n<div class=\"t m0 x1a h4f yc76 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the writ<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">down, the pre<span class=\"_ _2\"></span>viously recorded impairment lo<span class=\"_ _2\"></span>ss is reversed in </span></span></div>\n<div class=\"t m0 x1a h4f yc77 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">That i<span class=\"_ _2b\"></span>ncreased amount<span class=\"_ _0\"></span> cannot ex<span class=\"_ _0\"></span>ceed the </span></div>\n<div class=\"t m0 x1a h4f yc78 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>at <span class=\"_ _2\"></span>wo<span class=\"_ _0\"></span>uld have be<span class=\"_ _0\"></span>en determ<span class=\"_ _2b\"></span>ined, net of depreci<span class=\"_ _0\"></span>ation,</div>\n<div class=\"t m0 x1a h4f yc79 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">had no impairmen<span class=\"_ _2\"></span>t loss been recognised for<span class=\"_ _2\"></span> the asset in prior years.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 425px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 126px; width: 348px; z-index: 8;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag502": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ffc7 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"lse2 wsfa\">investment<span class=\"_ _2\"></span> property<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment prop<span class=\"_ _0\"></span>erties ar<span class=\"_ _0\"></span>e those prop<span class=\"_ _0\"></span>erties that<span class=\"_ _0\"></span> Ageas h<span class=\"_ _0\"></span>olds to ear<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y804 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rental inc<span class=\"_ _2b\"></span>ome or for capital app<span class=\"_ _0\"></span>reciat<span class=\"_ _0\"></span>ion. Age<span class=\"_ _0\"></span>as may also use c<span class=\"_ _0\"></span>ertain</div>\n<div class=\"t m0 x7 h4f y805 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent properties for o<span class=\"_ _0\"></span>wn use. If the o<span class=\"_ _0\"></span>wn use porti<span class=\"_ _2b\"></span>ons can be sold</div>\n<div class=\"t m0 x7 h4f y806 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separately or lea<span class=\"_ _2\"></span>sed out separately under a f<span class=\"_ _2\"></span>inance lease, these</div>\n<div class=\"t m0 x7 h4f y807 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">portions are a<span class=\"_ _2\"></span>ccounted for as property, plan<span class=\"_ _2\"></span>t and equipment. If the own</div>\n<div class=\"t m0 x7 h4f y808 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">use portions cann<span class=\"_ _2\"></span>ot be sold separately, the<span class=\"_ _2\"></span> property is treated as</div>\n<div class=\"t m0 x7 h4f y809 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent property only if<span class=\"_ _0\"></span> Ageas hol<span class=\"_ _0\"></span>ds an insignif<span class=\"_ _2b\"></span>icant portion f<span class=\"_ _0\"></span>or own</div>\n<div class=\"t m0 x7 h4f y80a ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">use. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For reasons<span class=\"_ _2\"></span> of comparability,<span class=\"_ _2\"></span> Ageas applies the<span class=\"_ _2\"></span> cost model for bo<span class=\"_ _2\"></span>th</div>\n<div class=\"t m0 x7 h4f y80d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent property and fo<span class=\"_ _0\"></span>r property he<span class=\"_ _2b\"></span>ld for own use. After i<span class=\"_ _0\"></span>nitial</div>\n<div class=\"t m0 x7 h4f y80e ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, all property is m<span class=\"_ _0\"></span>easur<span class=\"_ _0\"></span>ed at its cost les<span class=\"_ _0\"></span>s any accum<span class=\"_ _0\"></span>ulated</div>\n<div class=\"t m0 x7 h4f y80f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">depreci<span class=\"_ _0\"></span>ation (u<span class=\"_ _0\"></span>sing a s<span class=\"_ _0\"></span>traight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">line met<span class=\"_ _2b\"></span>hod) and<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">any accumula<span class=\"_ _2\"></span>ted </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y810 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>ses. As <span class=\"_ _0\"></span>a result<span class=\"_ _0\"></span>, chang<span class=\"_ _2b\"></span>es in the fair v<span class=\"_ _0\"></span>alue of t<span class=\"_ _2b\"></span>he property</div>\n<div class=\"t m0 x7 h4f y90a ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are neit<span class=\"_ _0\"></span>her rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt (exce<span class=\"_ _0\"></span>pt for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y90b ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">losses) nor in<span class=\"_ _2\"></span> other comprehensive income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90c ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90d ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The resi<span class=\"_ _2b\"></span>dual value and t<span class=\"_ _2b\"></span>he useful lif<span class=\"_ _0\"></span>e of <span class=\"wsf0\">inves<span class=\"_ _0\"></span>tment p<span class=\"_ _0\"></span>roperty is </span></div>\n<div class=\"t m0 x7 h4f y90e ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned for each sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt part s<span class=\"_ _0\"></span>eparate<span class=\"_ _0\"></span>ly (com<span class=\"_ _0\"></span>ponent a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h)</div>\n<div class=\"t m0 x7 h4f y90f ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and is revi<span class=\"_ _0\"></span>ewed at each y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">end. For investment<span class=\"_ _2\"></span> property, the same </span></span></div>\n<div class=\"t m0 x7 h4f y910 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">maxima<span class=\"_ _0\"></span>l useful lif<span class=\"_ _0\"></span>e of compon<span class=\"_ _0\"></span>ents is app<span class=\"_ _0\"></span>lied as for p<span class=\"_ _0\"></span>roperty he<span class=\"_ _2b\"></span>ld for own</div>\n<div class=\"t m0 x7 h4f y911 ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">use.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y912 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas r<span class=\"_ _0\"></span>ents its<span class=\"_ _0\"></span> i<span class=\"lse2 ws103\">nvestment proper<span class=\"_ _2\"></span>ty under various non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">canc<span class=\"_ _2\"></span>ellable rental </span></span></div>\n<div class=\"t m0 x7 h4f y913 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contracts. <span class=\"_ _2\"></span>Certain contracts co<span class=\"_ _2\"></span>ntain renewal optio<span class=\"_ _2\"></span>ns for various p<span class=\"_ _2\"></span>eriods</div>\n<div class=\"t m0 x7 h4f y914 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of time.<span class=\"_ _0\"></span> The re<span class=\"_ _0\"></span>ntal inco<span class=\"_ _2b\"></span>me associated<span class=\"_ _0\"></span> with the<span class=\"_ _0\"></span>se cont<span class=\"_ _0\"></span>racts is <span class=\"_ _2b\"></span>recognised</div>\n<div class=\"t m0 x7 h4f y915 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">over time as in<span class=\"_ _2b\"></span>vestment inco<span class=\"_ _0\"></span>me, on a strai<span class=\"_ _0\"></span>ght<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">line bas</span></span>is over the rental</div>\n<div class=\"t m0 x7 h4f y916 ffc5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">term.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y917 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y918 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Transfers to,<span class=\"_ _2\"></span> or from, investment proper<span class=\"_ _2\"></span>ty are only made when there is a</div>\n<div class=\"t m0 x7 h4f y919 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">change in us<span class=\"_ _2b\"></span>e:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y91a ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsf0\">Into investment<span class=\"_ _0\"></span> property at<span class=\"_ _0\"></span> the end of ow<span class=\"_ _0\"></span>ner<span class=\"ls0 ws0\">-</span>occupat<span class=\"_ _2b\"></span>ion, at the start </span></span></div>\n<div class=\"t m0 x43 h4f y91b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of an operat<span class=\"_ _0\"></span>ing leas<span class=\"_ _0\"></span>e to <span class=\"lse2 wsf1\">another<span class=\"ls0 ws0\"> </span></span>party, or at the end of<span class=\"_ _0\"></span> construct<span class=\"_ _2b\"></span>ion</div>\n<div class=\"t m0 x43 h4f y91c ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or<span class=\"ls0 ws0\"> </span>developm<span class=\"_ _2b\"></span>ent<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">an<span class=\"_ _2\"></span>d</span> </span></div>\n<div class=\"t m0 x7 h4f y91d ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">Out of investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>perty at t<span class=\"_ _2b\"></span>he commencem<span class=\"_ _2b\"></span>ent of owner<span class=\"ls0 ws0\">-</span></span></span></div>\n<div class=\"t m0 x43 h4f y91e ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">occupat<span class=\"_ _0\"></span>ion or at<span class=\"_ _0\"></span> the start<span class=\"_ _0\"></span> of dev<span class=\"_ _2b\"></span>elopment with a v<span class=\"_ _2b\"></span>iew to sale.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y91f ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y920 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>outcom<span class=\"_ _0\"></span>e of a cons<span class=\"_ _2b\"></span>truction cont<span class=\"_ _0\"></span>ract ca<span class=\"_ _0\"></span>n be esti<span class=\"_ _2b\"></span>mated reliably,<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y921 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> revenu<span class=\"_ _0\"></span>e and contr<span class=\"_ _0\"></span>act costs a<span class=\"_ _0\"></span>ssociate<span class=\"_ _2b\"></span>d with the constru<span class=\"_ _0\"></span>ction</div>\n<div class=\"t m0 x7 h4f y922 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contract are<span class=\"_ _2\"></span> recognised as rev<span class=\"_ _2\"></span>enue and expense<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"wsf1\">respectively<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>by </span></div>\n<div class=\"t m0 x7 h4f y923 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">referenc<span class=\"_ _2b\"></span>e to the stage <span class=\"_ _0\"></span>of comp<span class=\"_ _0\"></span>letion <span class=\"_ _0\"></span>of the co<span class=\"_ _0\"></span>ntract a<span class=\"_ _2b\"></span>ctivity at the d<span class=\"_ _2b\"></span>ate of</div>\n<div class=\"t m0 x7 h4f y924 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the state<span class=\"_ _0\"></span>ment of finan<span class=\"_ _2b\"></span>cial position. Wh<span class=\"_ _2b\"></span>en it is probable that <span class=\"wsef\">t<span class=\"_ _0\"></span>he <span class=\"lsfc ws115\">tota<span class=\"_ _2\"></span>l </span></span></div>\n<div class=\"t m0 x7 h4f y925 ffc5 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">contract costs will <span class=\"lse0 wsef\">exceed <span class=\"lsfc ws115\">the <span class=\"lse2 ws103\">total<span class=\"_ _2\"></span> contract revenue, the expected<span class=\"_ _2\"></span> loss </span></span></span></div>\n<div class=\"t m0 x7 h4f y926 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is recogni<span class=\"_ _2\"></span>sed immediately in<span class=\"_ _2\"></span> the income sta<span class=\"_ _2\"></span>tement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 410px; height: 687px; width: 354px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y973 ffc7 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f property held<span class=\"_ _2\"></span> for own use and i<span class=\"_ _2\"></span>nvestment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y974 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As for other non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">finan<span class=\"_ _2b\"></span>cial assets, pro<span class=\"_ _0\"></span>perty he<span class=\"_ _0\"></span>ld for own use an<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x7 h4f y975 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment proper<span class=\"_ _2\"></span>ty<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">is </span></span>impaired<span class=\"_ _2\"></span> when its carrying amount exceeds<span class=\"_ _2\"></span> the</div>\n<div class=\"t m0 x7 h4f y976 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9db ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The recoverable<span class=\"_ _2\"></span> amount is measured as the higher<span class=\"_ _2\"></span> of either \u2018fair value</div>\n<div class=\"t m0 x7 h4f y9dc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">less cost<span class=\"_ _0\"></span>s to sel<span class=\"_ _0\"></span>l\u2019 or \u2018va<span class=\"_ _2b\"></span>lue in use\u2019<span class=\"ls0 ws0\">:  </span></div>\n<div class=\"t m0 x7 h4f y9dd ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">The \u2018fair val<span class=\"_ _0\"></span>ue less cos<span class=\"_ _0\"></span>ts to se<span class=\"_ _2b\"></span>ll\u2019 is the pric<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>ould be rec<span class=\"_ _2b\"></span>eived </span></span></div>\n<div class=\"t m0 x43 h4f y9de ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to sell an ass<span class=\"_ _0\"></span>et in an orde<span class=\"_ _0\"></span>rly trans<span class=\"_ _0\"></span>action b<span class=\"_ _0\"></span>etween ma<span class=\"_ _2b\"></span>rket</div>\n<div class=\"t m0 x6c h4f yc13 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participants<span class=\"_ _2\"></span> (based on observable and non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">observable mar<span class=\"_ _0\"></span>ket </span></span></div>\n<div class=\"t m0 x6c h4f yc14 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">data), aft<span class=\"_ _0\"></span>er deduct<span class=\"_ _2b\"></span>ing any direct incr<span class=\"_ _0\"></span>emental d<span class=\"_ _2b\"></span>isposal costs<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc15 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsfa\">\u2018value <span class=\"_ _0\"></span>in use\u2019 i<span class=\"_ _0\"></span>s the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of <span class=\"_ _0\"></span>estimate<span class=\"_ _2b\"></span>d future cash </span></span></span></div>\n<div class=\"t m0 x6c h4f yc16 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">flows ex<span class=\"_ _2b\"></span>pected to aris<span class=\"_ _0\"></span>e from c<span class=\"_ _0\"></span>ontinui<span class=\"_ _0\"></span>ng use of t<span class=\"_ _2b\"></span>he asset and fr<span class=\"_ _0\"></span>om</div>\n<div class=\"t m0 x6c h4f yc17 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">its dispos<span class=\"_ _2b\"></span>al at the end of its usefu<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>lif<span class=\"_ _0\"></span>e, without<span class=\"_ _0\"></span> deducti<span class=\"_ _2b\"></span>on <span class=\"_ _2\"></span>of<span class=\"_ _0\"></span> transfer</div>\n<div class=\"t m0 x6c h4f yc18 ffc5 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">tax.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At the end of eac<span class=\"_ _2b\"></span>h reporting peri<span class=\"_ _0\"></span>od, Ageas as<span class=\"_ _2b\"></span>sess<span class=\"lse2 ws103\">es whether there<span class=\"_ _2\"></span> is </span></div>\n<div class=\"t m0 x1a h4f yc1b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any object<span class=\"_ _0\"></span>ive indic<span class=\"_ _2b\"></span>ation that an asset<span class=\"_ _0\"></span> may be impai<span class=\"_ _0\"></span>red, con<span class=\"_ _0\"></span>sideri<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f yc1c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">various externa<span class=\"_ _2\"></span>l (e.g. significant chang<span class=\"_ _2\"></span>es in the economic environment)<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and inter<span class=\"_ _0\"></span>nal (e.g. p<span class=\"_ _0\"></span>lan to disp<span class=\"_ _0\"></span>ose) sourc<span class=\"_ _2b\"></span>es of information.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>If any<span class=\"_ _0\"></span> such</div>\n<div class=\"t m0 x1a h4f yc1e ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">indication e<span class=\"_ _2\"></span>xists (and o<span class=\"lse0 wsf0\">nly then<span class=\"_ _0\"></span>), Ageas wi<span class=\"_ _0\"></span>ll reduce t<span class=\"_ _0\"></span>he carryi<span class=\"_ _2b\"></span>ng amount </span></div>\n<div class=\"t m0 x1a h4f yc1f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the im<span class=\"_ _0\"></span>paired as<span class=\"_ _2b\"></span>set to its est<span class=\"_ _0\"></span>imated r<span class=\"_ _2b\"></span>ecoverable am<span class=\"_ _0\"></span>ount,<span class=\"_ _0\"></span> and the</div>\n<div class=\"t m0 x1a h4f yc20 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ch<span class=\"_ _0\"></span>ange in the cu<span class=\"_ _2b\"></span>rrent year is recog<span class=\"_ _0\"></span>nised in the inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x1a h4f yc21 ffc5 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc23 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">After th<span class=\"_ _2b\"></span>e recognition o<span class=\"_ _0\"></span>f an imp<span class=\"_ _0\"></span>airment<span class=\"_ _2b\"></span>, the depreciat<span class=\"_ _0\"></span>ion for f<span class=\"_ _2b\"></span>uture</div>\n<div class=\"t m0 x1a h4f yc24 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">periods i<span class=\"_ _2\"></span>s adjusted based on <span class=\"_ _2\"></span>the revised carryi<span class=\"_ _2\"></span>ng amount less <span class=\"_ _2\"></span>its</div>\n<div class=\"t m0 x1a h4f yc25 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value ov<span class=\"_ _0\"></span>er the assets<span class=\"_ _0\"></span> remaini<span class=\"_ _0\"></span>ng useful lif<span class=\"_ _0\"></span>e. For pro<span class=\"_ _0\"></span>perty, the</div>\n<div class=\"t m0 x1a h4f yc34 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>eac<span class=\"_ _2b\"></span>h significant part<span class=\"_ _0\"></span> is determ<span class=\"_ _0\"></span>ined sep<span class=\"_ _0\"></span>arately an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>revi<span class=\"_ _2b\"></span>ewed</div>\n<div class=\"t m0 x1a h4f yc35 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at year<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">end.</span> </span></div>\n<div class=\"t m0 x1a h4f yc36 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc37 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If in a subseq<span class=\"_ _0\"></span>uent p<span class=\"lse2 ws103\">eriod, the amount of the impa<span class=\"_ _2\"></span>irment on non<span class=\"ls0 ws0\">-</span></span><span class=\"wsef\">financial </span></div>\n<div class=\"t m0 x1a h4f yc75 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets ot<span class=\"_ _0\"></span>her than goo<span class=\"_ _0\"></span>dwill dec<span class=\"_ _2b\"></span>reases, due to an eve<span class=\"_ _0\"></span>nt occurr<span class=\"_ _0\"></span>ing after</div>\n<div class=\"t m0 x1a h4f yc76 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the writ<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">down, the pre<span class=\"_ _2\"></span>viously recorded impairment lo<span class=\"_ _2\"></span>ss is reversed in </span></span></div>\n<div class=\"t m0 x1a h4f yc77 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">That i<span class=\"_ _2b\"></span>ncreased amount<span class=\"_ _0\"></span> cannot ex<span class=\"_ _0\"></span>ceed the </span></div>\n<div class=\"t m0 x1a h4f yc78 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>at <span class=\"_ _2\"></span>wo<span class=\"_ _0\"></span>uld have be<span class=\"_ _0\"></span>en determ<span class=\"_ _2b\"></span>ined, net of depreci<span class=\"_ _0\"></span>ation,</div>\n<div class=\"t m0 x1a h4f yc79 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">had no impairmen<span class=\"_ _2\"></span>t loss been recognised for<span class=\"_ _2\"></span> the asset in prior years.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 425px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 126px; width: 348px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 430px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 131px; width: 348px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 435px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 136px; width: 348px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 424px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 850px; width: 354px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag497": {
   "value": "\n<div class=\"t m0 x7 h55 y802 ffc7 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication a<span class=\"_ _2b\"></span>nd measurement of<span class=\"_ _0\"></span> <span class=\"lse2 wsfa\">investment<span class=\"_ _2\"></span> property<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment prop<span class=\"_ _0\"></span>erties ar<span class=\"_ _0\"></span>e those prop<span class=\"_ _0\"></span>erties that<span class=\"_ _0\"></span> Ageas h<span class=\"_ _0\"></span>olds to ear<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y804 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rental inc<span class=\"_ _2b\"></span>ome or for capital app<span class=\"_ _0\"></span>reciat<span class=\"_ _0\"></span>ion. Age<span class=\"_ _0\"></span>as may also use c<span class=\"_ _0\"></span>ertain</div>\n<div class=\"t m0 x7 h4f y805 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent properties for o<span class=\"_ _0\"></span>wn use. If the o<span class=\"_ _0\"></span>wn use porti<span class=\"_ _2b\"></span>ons can be sold</div>\n<div class=\"t m0 x7 h4f y806 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separately or lea<span class=\"_ _2\"></span>sed out separately under a f<span class=\"_ _2\"></span>inance lease, these</div>\n<div class=\"t m0 x7 h4f y807 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">portions are a<span class=\"_ _2\"></span>ccounted for as property, plan<span class=\"_ _2\"></span>t and equipment. If the own</div>\n<div class=\"t m0 x7 h4f y808 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">use portions cann<span class=\"_ _2\"></span>ot be sold separately, the<span class=\"_ _2\"></span> property is treated as</div>\n<div class=\"t m0 x7 h4f y809 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent property only if<span class=\"_ _0\"></span> Ageas hol<span class=\"_ _0\"></span>ds an insignif<span class=\"_ _2b\"></span>icant portion f<span class=\"_ _0\"></span>or own</div>\n<div class=\"t m0 x7 h4f y80a ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">use. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For reasons<span class=\"_ _2\"></span> of comparability,<span class=\"_ _2\"></span> Ageas applies the<span class=\"_ _2\"></span> cost model for bo<span class=\"_ _2\"></span>th</div>\n<div class=\"t m0 x7 h4f y80d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent property and fo<span class=\"_ _0\"></span>r property he<span class=\"_ _2b\"></span>ld for own use. After i<span class=\"_ _0\"></span>nitial</div>\n<div class=\"t m0 x7 h4f y80e ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion, all property is m<span class=\"_ _0\"></span>easur<span class=\"_ _0\"></span>ed at its cost les<span class=\"_ _0\"></span>s any accum<span class=\"_ _0\"></span>ulated</div>\n<div class=\"t m0 x7 h4f y80f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">depreci<span class=\"_ _0\"></span>ation (u<span class=\"_ _0\"></span>sing a s<span class=\"_ _0\"></span>traight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">line met<span class=\"_ _2b\"></span>hod) and<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">any accumula<span class=\"_ _2\"></span>ted </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y810 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>ses. As <span class=\"_ _0\"></span>a result<span class=\"_ _0\"></span>, chang<span class=\"_ _2b\"></span>es in the fair v<span class=\"_ _0\"></span>alue of t<span class=\"_ _2b\"></span>he property</div>\n<div class=\"t m0 x7 h4f y90a ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are neit<span class=\"_ _0\"></span>her rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt (exce<span class=\"_ _0\"></span>pt for i<span class=\"_ _0\"></span>mpairme<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y90b ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">losses) nor in<span class=\"_ _2\"></span> other comprehensive income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90c ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90d ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The resi<span class=\"_ _2b\"></span>dual value and t<span class=\"_ _2b\"></span>he useful lif<span class=\"_ _0\"></span>e of <span class=\"wsf0\">inves<span class=\"_ _0\"></span>tment p<span class=\"_ _0\"></span>roperty is </span></div>\n<div class=\"t m0 x7 h4f y90e ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned for each sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt part s<span class=\"_ _0\"></span>eparate<span class=\"_ _0\"></span>ly (com<span class=\"_ _0\"></span>ponent a<span class=\"_ _0\"></span>pproac<span class=\"_ _0\"></span>h)</div>\n<div class=\"t m0 x7 h4f y90f ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and is revi<span class=\"_ _0\"></span>ewed at each y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">end. For investment<span class=\"_ _2\"></span> property, the same </span></span></div>\n<div class=\"t m0 x7 h4f y910 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">maxima<span class=\"_ _0\"></span>l useful lif<span class=\"_ _0\"></span>e of compon<span class=\"_ _0\"></span>ents is app<span class=\"_ _0\"></span>lied as for p<span class=\"_ _0\"></span>roperty he<span class=\"_ _2b\"></span>ld for own</div>\n<div class=\"t m0 x7 h4f y911 ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">use.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y912 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas r<span class=\"_ _0\"></span>ents its<span class=\"_ _0\"></span> i<span class=\"lse2 ws103\">nvestment proper<span class=\"_ _2\"></span>ty under various non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">canc<span class=\"_ _2\"></span>ellable rental </span></span></div>\n<div class=\"t m0 x7 h4f y913 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contracts. <span class=\"_ _2\"></span>Certain contracts co<span class=\"_ _2\"></span>ntain renewal optio<span class=\"_ _2\"></span>ns for various p<span class=\"_ _2\"></span>eriods</div>\n<div class=\"t m0 x7 h4f y914 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of time.<span class=\"_ _0\"></span> The re<span class=\"_ _0\"></span>ntal inco<span class=\"_ _2b\"></span>me associated<span class=\"_ _0\"></span> with the<span class=\"_ _0\"></span>se cont<span class=\"_ _0\"></span>racts is <span class=\"_ _2b\"></span>recognised</div>\n<div class=\"t m0 x7 h4f y915 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">over time as in<span class=\"_ _2b\"></span>vestment inco<span class=\"_ _0\"></span>me, on a strai<span class=\"_ _0\"></span>ght<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">line bas</span></span>is over the rental</div>\n<div class=\"t m0 x7 h4f y916 ffc5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">term.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y917 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y918 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Transfers to,<span class=\"_ _2\"></span> or from, investment proper<span class=\"_ _2\"></span>ty are only made when there is a</div>\n<div class=\"t m0 x7 h4f y919 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">change in us<span class=\"_ _2b\"></span>e:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y91a ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsf0\">Into investment<span class=\"_ _0\"></span> property at<span class=\"_ _0\"></span> the end of ow<span class=\"_ _0\"></span>ner<span class=\"ls0 ws0\">-</span>occupat<span class=\"_ _2b\"></span>ion, at the start </span></span></div>\n<div class=\"t m0 x43 h4f y91b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of an operat<span class=\"_ _0\"></span>ing leas<span class=\"_ _0\"></span>e to <span class=\"lse2 wsf1\">another<span class=\"ls0 ws0\"> </span></span>party, or at the end of<span class=\"_ _0\"></span> construct<span class=\"_ _2b\"></span>ion</div>\n<div class=\"t m0 x43 h4f y91c ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or<span class=\"ls0 ws0\"> </span>developm<span class=\"_ _2b\"></span>ent<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">an<span class=\"_ _2\"></span>d</span> </span></div>\n<div class=\"t m0 x7 h4f y91d ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">Out of investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>perty at t<span class=\"_ _2b\"></span>he commencem<span class=\"_ _2b\"></span>ent of owner<span class=\"ls0 ws0\">-</span></span></span></div>\n<div class=\"t m0 x43 h4f y91e ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">occupat<span class=\"_ _0\"></span>ion or at<span class=\"_ _0\"></span> the start<span class=\"_ _0\"></span> of dev<span class=\"_ _2b\"></span>elopment with a v<span class=\"_ _2b\"></span>iew to sale.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y91f ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y920 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span>outcom<span class=\"_ _0\"></span>e of a cons<span class=\"_ _2b\"></span>truction cont<span class=\"_ _0\"></span>ract ca<span class=\"_ _0\"></span>n be esti<span class=\"_ _2b\"></span>mated reliably,<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y921 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> revenu<span class=\"_ _0\"></span>e and contr<span class=\"_ _0\"></span>act costs a<span class=\"_ _0\"></span>ssociate<span class=\"_ _2b\"></span>d with the constru<span class=\"_ _0\"></span>ction</div>\n<div class=\"t m0 x7 h4f y922 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">contract are<span class=\"_ _2\"></span> recognised as rev<span class=\"_ _2\"></span>enue and expense<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"wsf1\">respectively<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>by </span></div>\n<div class=\"t m0 x7 h4f y923 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">referenc<span class=\"_ _2b\"></span>e to the stage <span class=\"_ _0\"></span>of comp<span class=\"_ _0\"></span>letion <span class=\"_ _0\"></span>of the co<span class=\"_ _0\"></span>ntract a<span class=\"_ _2b\"></span>ctivity at the d<span class=\"_ _2b\"></span>ate of</div>\n<div class=\"t m0 x7 h4f y924 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the state<span class=\"_ _0\"></span>ment of finan<span class=\"_ _2b\"></span>cial position. Wh<span class=\"_ _2b\"></span>en it is probable that <span class=\"wsef\">t<span class=\"_ _0\"></span>he <span class=\"lsfc ws115\">tota<span class=\"_ _2\"></span>l </span></span></div>\n<div class=\"t m0 x7 h4f y925 ffc5 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">contract costs will <span class=\"lse0 wsef\">exceed <span class=\"lsfc ws115\">the <span class=\"lse2 ws103\">total<span class=\"_ _2\"></span> contract revenue, the expected<span class=\"_ _2\"></span> loss </span></span></span></div>\n<div class=\"t m0 x7 h4f y926 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is recogni<span class=\"_ _2\"></span>sed immediately in<span class=\"_ _2\"></span> the income sta<span class=\"_ _2\"></span>tement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 410px; height: 687px; width: 354px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForConstructionInProgressExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag500": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y973 ffc7 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f property held<span class=\"_ _2\"></span> for own use and i<span class=\"_ _2\"></span>nvestment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y974 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As for other non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">finan<span class=\"_ _2b\"></span>cial assets, pro<span class=\"_ _0\"></span>perty he<span class=\"_ _0\"></span>ld for own use an<span class=\"_ _2b\"></span>d </span></span></div>\n<div class=\"t m0 x7 h4f y975 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment proper<span class=\"_ _2\"></span>ty<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">is </span></span>impaired<span class=\"_ _2\"></span> when its carrying amount exceeds<span class=\"_ _2\"></span> the</div>\n<div class=\"t m0 x7 h4f y976 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9da ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9db ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The recoverable<span class=\"_ _2\"></span> amount is measured as the higher<span class=\"_ _2\"></span> of either \u2018fair value</div>\n<div class=\"t m0 x7 h4f y9dc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">less cost<span class=\"_ _0\"></span>s to sel<span class=\"_ _0\"></span>l\u2019 or \u2018va<span class=\"_ _2b\"></span>lue in use\u2019<span class=\"ls0 ws0\">:  </span></div>\n<div class=\"t m0 x7 h4f y9dd ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">The \u2018fair val<span class=\"_ _0\"></span>ue less cos<span class=\"_ _0\"></span>ts to se<span class=\"_ _2b\"></span>ll\u2019 is the pric<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>ould be rec<span class=\"_ _2b\"></span>eived </span></span></div>\n<div class=\"t m0 x43 h4f y9de ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to sell an ass<span class=\"_ _0\"></span>et in an orde<span class=\"_ _0\"></span>rly trans<span class=\"_ _0\"></span>action b<span class=\"_ _0\"></span>etween ma<span class=\"_ _2b\"></span>rket</div>\n<div class=\"t m0 x6c h4f yc13 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">participants<span class=\"_ _2\"></span> (based on observable and non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">observable mar<span class=\"_ _0\"></span>ket </span></span></div>\n<div class=\"t m0 x6c h4f yc14 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">data), aft<span class=\"_ _0\"></span>er deduct<span class=\"_ _2b\"></span>ing any direct incr<span class=\"_ _0\"></span>emental d<span class=\"_ _2b\"></span>isposal costs<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yc15 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsfa\">\u2018value <span class=\"_ _0\"></span>in use\u2019 i<span class=\"_ _0\"></span>s the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of <span class=\"_ _0\"></span>estimate<span class=\"_ _2b\"></span>d future cash </span></span></span></div>\n<div class=\"t m0 x6c h4f yc16 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">flows ex<span class=\"_ _2b\"></span>pected to aris<span class=\"_ _0\"></span>e from c<span class=\"_ _0\"></span>ontinui<span class=\"_ _0\"></span>ng use of t<span class=\"_ _2b\"></span>he asset and fr<span class=\"_ _0\"></span>om</div>\n<div class=\"t m0 x6c h4f yc17 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">its dispos<span class=\"_ _2b\"></span>al at the end of its usefu<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>lif<span class=\"_ _0\"></span>e, without<span class=\"_ _0\"></span> deducti<span class=\"_ _2b\"></span>on <span class=\"_ _2\"></span>of<span class=\"_ _0\"></span> transfer</div>\n<div class=\"t m0 x6c h4f yc18 ffc5 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">tax.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc19 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc1a ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At the end of eac<span class=\"_ _2b\"></span>h reporting peri<span class=\"_ _0\"></span>od, Ageas as<span class=\"_ _2b\"></span>sess<span class=\"lse2 ws103\">es whether there<span class=\"_ _2\"></span> is </span></div>\n<div class=\"t m0 x1a h4f yc1b ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any object<span class=\"_ _0\"></span>ive indic<span class=\"_ _2b\"></span>ation that an asset<span class=\"_ _0\"></span> may be impai<span class=\"_ _0\"></span>red, con<span class=\"_ _0\"></span>sideri<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f yc1c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">various externa<span class=\"_ _2\"></span>l (e.g. significant chang<span class=\"_ _2\"></span>es in the economic environment)<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc1d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and inter<span class=\"_ _0\"></span>nal (e.g. p<span class=\"_ _0\"></span>lan to disp<span class=\"_ _0\"></span>ose) sourc<span class=\"_ _2b\"></span>es of information.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>If any<span class=\"_ _0\"></span> such</div>\n<div class=\"t m0 x1a h4f yc1e ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">indication e<span class=\"_ _2\"></span>xists (and o<span class=\"lse0 wsf0\">nly then<span class=\"_ _0\"></span>), Ageas wi<span class=\"_ _0\"></span>ll reduce t<span class=\"_ _0\"></span>he carryi<span class=\"_ _2b\"></span>ng amount </span></div>\n<div class=\"t m0 x1a h4f yc1f ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the im<span class=\"_ _0\"></span>paired as<span class=\"_ _2b\"></span>set to its est<span class=\"_ _0\"></span>imated r<span class=\"_ _2b\"></span>ecoverable am<span class=\"_ _0\"></span>ount,<span class=\"_ _0\"></span> and the</div>\n<div class=\"t m0 x1a h4f yc20 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ch<span class=\"_ _0\"></span>ange in the cu<span class=\"_ _2b\"></span>rrent year is recog<span class=\"_ _0\"></span>nised in the inc<span class=\"_ _2b\"></span>ome</div>\n<div class=\"t m0 x1a h4f yc21 ffc5 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc22 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc23 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">After th<span class=\"_ _2b\"></span>e recognition o<span class=\"_ _0\"></span>f an imp<span class=\"_ _0\"></span>airment<span class=\"_ _2b\"></span>, the depreciat<span class=\"_ _0\"></span>ion for f<span class=\"_ _2b\"></span>uture</div>\n<div class=\"t m0 x1a h4f yc24 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">periods i<span class=\"_ _2\"></span>s adjusted based on <span class=\"_ _2\"></span>the revised carryi<span class=\"_ _2\"></span>ng amount less <span class=\"_ _2\"></span>its</div>\n<div class=\"t m0 x1a h4f yc25 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value ov<span class=\"_ _0\"></span>er the assets<span class=\"_ _0\"></span> remaini<span class=\"_ _0\"></span>ng useful lif<span class=\"_ _0\"></span>e. For pro<span class=\"_ _0\"></span>perty, the</div>\n<div class=\"t m0 x1a h4f yc34 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>eac<span class=\"_ _2b\"></span>h significant part<span class=\"_ _0\"></span> is determ<span class=\"_ _0\"></span>ined sep<span class=\"_ _0\"></span>arately an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>revi<span class=\"_ _2b\"></span>ewed</div>\n<div class=\"t m0 x1a h4f yc35 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at year<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">end.</span> </span></div>\n<div class=\"t m0 x1a h4f yc36 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc37 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">If in a subseq<span class=\"_ _0\"></span>uent p<span class=\"lse2 ws103\">eriod, the amount of the impa<span class=\"_ _2\"></span>irment on non<span class=\"ls0 ws0\">-</span></span><span class=\"wsef\">financial </span></div>\n<div class=\"t m0 x1a h4f yc75 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets ot<span class=\"_ _0\"></span>her than goo<span class=\"_ _0\"></span>dwill dec<span class=\"_ _2b\"></span>reases, due to an eve<span class=\"_ _0\"></span>nt occurr<span class=\"_ _0\"></span>ing after</div>\n<div class=\"t m0 x1a h4f yc76 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the writ<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">down, the pre<span class=\"_ _2\"></span>viously recorded impairment lo<span class=\"_ _2\"></span>ss is reversed in </span></span></div>\n<div class=\"t m0 x1a h4f yc77 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement.<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">That i<span class=\"_ _2b\"></span>ncreased amount<span class=\"_ _0\"></span> cannot ex<span class=\"_ _0\"></span>ceed the </span></div>\n<div class=\"t m0 x1a h4f yc78 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>amou<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>at <span class=\"_ _2\"></span>wo<span class=\"_ _0\"></span>uld have be<span class=\"_ _0\"></span>en determ<span class=\"_ _2b\"></span>ined, net of depreci<span class=\"_ _0\"></span>ation,</div>\n<div class=\"t m0 x1a h4f yc79 ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">had no impairmen<span class=\"_ _2\"></span>t loss been recognised for<span class=\"_ _2\"></span> the asset in prior years.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 425px; width: 354px; z-index: 8;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 126px; width: 348px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 662px; height: 430px; width: 354px; z-index: 7;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 252px; height: 131px; width: 348px; z-index: 7;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag493": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 ybf9 ffc7 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Borrowing cos<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfa ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Borrowing <span class=\"_ _2\"></span>costs are generall<span class=\"_ _2\"></span>y expensed as incurre<span class=\"_ _2\"></span>d. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybfb ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybfc ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Borrow<span class=\"_ _0\"></span>ing cost<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e direct<span class=\"_ _0\"></span>ly attr<span class=\"_ _0\"></span>ibutabl<span class=\"_ _0\"></span>e to the<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f ybfd ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ction of an as<span class=\"_ _0\"></span>set are ca<span class=\"_ _0\"></span>pitalis<span class=\"_ _0\"></span>ed while the as<span class=\"_ _0\"></span>set is bei<span class=\"_ _0\"></span>ng</div>\n<div class=\"t m0 x1a h4f ybfe ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>cted, as p<span class=\"_ _0\"></span>art of the cost<span class=\"_ _0\"></span> of that asset.<span class=\"_ _0\"></span> Capita<span class=\"_ _0\"></span>lisation of<span class=\"_ _0\"></span> borrow<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f ybff ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">costs sho<span class=\"_ _0\"></span>uld commen<span class=\"_ _2b\"></span>ce when: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc00 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse2 ws103\">E<span class=\"_ _2\"></span>xpenditures for the asset and<span class=\"_ _2\"></span> borrowing costs are being <span class=\"wsf1\">i<span class=\"_ _2\"></span>ncurred</span></span><span class=\"ffc5\">; </span></span></div>\n<div class=\"t m0 x6c h4f yc01 ffc5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc02 ffc8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffc9\"> <span class=\"_ _46\"> </span><span class=\"ffc5 lse0 wsfa\">Activities ne<span class=\"_ _0\"></span>cessar<span class=\"_ _0\"></span>y to prep<span class=\"_ _0\"></span>are the a<span class=\"_ _2b\"></span>sset for its i<span class=\"_ _0\"></span>ntended <span class=\"_ _0\"></span>use or sa<span class=\"_ _0\"></span>le </span></span></div>\n<div class=\"t m0 x6c h4f yc03 ffc5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are in pro<span class=\"_ _2\"></span>gress. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc04 ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc05 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Capital<span class=\"_ _0\"></span>isation <span class=\"_ _2b\"></span>of borrowing c<span class=\"_ _2b\"></span>osts ceases wh<span class=\"_ _2b\"></span>en the asset is s<span class=\"_ _2b\"></span>ubstantially</div>\n<div class=\"t m0 x1a h4f yc06 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ready f<span class=\"_ _0\"></span>or its int<span class=\"_ _0\"></span>ended us<span class=\"_ _2b\"></span>e or sale. If a<span class=\"_ _0\"></span>ctive dev<span class=\"_ _2b\"></span>elopment is i<span class=\"_ _0\"></span>nterru<span class=\"_ _0\"></span>pted for</div>\n<div class=\"t m0 x1a h4f yc07 ffc5 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">an<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">extended period<span class=\"_ _2\"></span>, capitalisation is suspended<span class=\"_ _2\"></span>. Where construction </span></span></div>\n<div class=\"t m0 x1a h4f yc08 ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">occurs pi<span class=\"_ _0\"></span>ecemeal,<span class=\"_ _0\"></span> and use of eac<span class=\"_ _0\"></span>h part is poss<span class=\"_ _2b\"></span>ible as construct<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f yc09 ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ues, cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ation for <span class=\"_ _2b\"></span>each part ceas<span class=\"_ _2b\"></span>es upon substant<span class=\"_ _2b\"></span>ial</div>\n<div class=\"t m0 x1a h4f yc0a ffc5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complet<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>hat part.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc0b ffc5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc0c ffc5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For a borrowing asso<span class=\"_ _2\"></span>ciated with a specific ass<span class=\"_ _2\"></span>et, the actual rate on that<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc0d ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ing is appli<span class=\"_ _0\"></span>ed. Othe<span class=\"_ _0\"></span>rwise, a wei<span class=\"_ _0\"></span>ghted av<span class=\"_ _0\"></span>erage cost<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of bor<span class=\"_ _0\"></span>rowings</div>\n<div class=\"t m0 x1a h4f yc0e ffc5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is applied<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 340px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 345px; width: 354px; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For qualif<span class=\"_ _0\"></span>ying ass<span class=\"_ _0\"></span>ets comme<span class=\"_ _0\"></span>ncing on or b<span class=\"_ _0\"></span>efore 1 Jan<span class=\"_ _0\"></span>uary 200<span class=\"_ _0\"></span>8,</div>\n<div class=\"t m0 x7 h4f y803 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowing <span class=\"_ _2\"></span>costs that were di<span class=\"_ _2\"></span>rectly<span class=\"ls0 ws0\"> </span><span class=\"lse0\">attribut<span class=\"_ _2b\"></span>able to the ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on, </span></div>\n<div class=\"t m0 x7 h4f y804 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">constru<span class=\"_ _0\"></span>ction or pr<span class=\"_ _0\"></span>oductio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>of a qua<span class=\"_ _0\"></span>lifyin<span class=\"_ _0\"></span>g asset (i.e.<span class=\"_ _0\"></span> an asset th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x7 h4f y805 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">necess<span class=\"_ _0\"></span>arily took a s<span class=\"_ _0\"></span>ubstant<span class=\"_ _0\"></span>ial peri<span class=\"_ _0\"></span>od of time to get re<span class=\"_ _0\"></span>ady for its<span class=\"_ _0\"></span> intended</div>\n<div class=\"t m0 x7 h4f y806 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">use or <span class=\"_ _2\"></span>sale) were expensed<span class=\"_ _2\"></span> as incurred.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 73px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 78px; width: 349px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag496": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yc7b ffca fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.6<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Goodw<span class=\"_ _2\"></span>ill and</span> <span class=\"lse0 wsf0\">other intangi<span class=\"_ _2b\"></span>ble a<span class=\"lsfb wsfa\">sse<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 x7 h55 yc7c ffcc fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7d ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>et is an ident<span class=\"_ _0\"></span>ifiable n<span class=\"_ _2b\"></span>on<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">mon<span class=\"_ _0\"></span>etary as<span class=\"_ _0\"></span>set and <span class=\"_ _0\"></span>is </span></div>\n<div class=\"t m0 x7 h4f yc7e ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span>f, and only if<span class=\"_ _2\"></span>, it will genera<span class=\"_ _2\"></span>te future economic <span class=\"_ _2\"></span>benefits and if</div>\n<div class=\"t m0 x7 h4f yc7f ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the cost of the<span class=\"_ _2\"></span> asset can be measured reliab<span class=\"_ _2\"></span>ly.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc80 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc81 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s are recorde<span class=\"_ _0\"></span>d on the <span class=\"_ _0\"></span>sta<span class=\"wsf0\">teme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition at </span></div>\n<div class=\"t m0 x7 h4f yc82 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cost less an<span class=\"_ _0\"></span>y accumu<span class=\"_ _2b\"></span>lated amortisat<span class=\"_ _0\"></span>ion and any ac<span class=\"_ _2b\"></span>cumulated</div>\n<div class=\"t m0 x7 h4f yc83 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>ses. Th<span class=\"_ _0\"></span>e residu<span class=\"_ _0\"></span>al valu<span class=\"_ _2b\"></span>e and the usefu<span class=\"_ _0\"></span>l life of<span class=\"_ _0\"></span> intang<span class=\"_ _0\"></span>ible</div>\n<div class=\"t m0 x7 h4f yc84 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>re reviewed at e<span class=\"_ _0\"></span>ach year<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">end.</span> </span></div>\n<div class=\"t m0 x7 h4f yc85 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y887 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s with definit<span class=\"_ _0\"></span>e lives<span class=\"_ _0\"></span> are <span class=\"lse2 ws103\">amortised over their estim<span class=\"_ _2\"></span>ated </span></div>\n<div class=\"t m0 x7 h4f y888 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e using the straight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">line m<span class=\"_ _2b\"></span>ethod. Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _2b\"></span>ets with indef<span class=\"_ _0\"></span>inite </span></span></div>\n<div class=\"t m0 x7 h4f y889 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lives, suc<span class=\"_ _0\"></span>h as goodwi<span class=\"_ _2b\"></span>ll, are not amortis<span class=\"_ _0\"></span>ed, but are i<span class=\"_ _0\"></span>nstead test<span class=\"_ _0\"></span>ed for</div>\n<div class=\"t m0 x7 h4f y88a ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent at least<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ann<span class=\"_ _0\"></span>ually. Any<span class=\"_ _0\"></span> impairm<span class=\"_ _0\"></span>ent loss id<span class=\"_ _0\"></span>entifie<span class=\"_ _0\"></span>d is</div>\n<div class=\"t m0 x7 h4f y88b ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span><span class=\"lse0\">n th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h55 y9a5 ffcc fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Value of<span class=\"_ _2\"></span> business acquired (VO<span class=\"_ _2\"></span>BA)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9a6 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Value of <span class=\"_ _0\"></span>busines<span class=\"_ _2b\"></span>s acquired re<span class=\"_ _0\"></span>present<span class=\"_ _0\"></span>s the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _2b\"></span>n the fair</div>\n<div class=\"t m0 x7 h4f y9a7 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value at acq<span class=\"_ _0\"></span>uisiti<span class=\"_ _0\"></span>on date meas<span class=\"_ _0\"></span>ured usi<span class=\"_ _0\"></span>ng the <span class=\"lse2 wsf1\">Ageas's accoun<span class=\"_ _2\"></span>ting </span></div>\n<div class=\"t m0 x7 h4f y9a8 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span> and th<span class=\"_ _0\"></span>e subseq<span class=\"_ _0\"></span>uent c<span class=\"_ _0\"></span>arrying <span class=\"_ _0\"></span>value of a<span class=\"_ _0\"></span> portfo<span class=\"_ _0\"></span>lio of ins<span class=\"_ _2b\"></span><span class=\"wsef\">urance </span></div>\n<div class=\"t m0 x7 h4f y9a9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and inve<span class=\"_ _0\"></span>stment c<span class=\"_ _2b\"></span>ontracts acq<span class=\"_ _0\"></span>uired in <span class=\"_ _2b\"></span>a business or p<span class=\"_ _0\"></span>ortfol<span class=\"_ _0\"></span>io acqui<span class=\"_ _0\"></span>sition.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9aa ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9ab ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">VOBA is re<span class=\"_ _2\"></span>cognised as an i<span class=\"_ _2\"></span>ntangible asset and<span class=\"_ _2\"></span> is amortised ov<span class=\"_ _2\"></span>er the</div>\n<div class=\"t m0 x7 h4f y9ac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income rec<span class=\"_ _2b\"></span>ognition perio<span class=\"_ _0\"></span>d of the portf<span class=\"_ _2b\"></span>olio of contracts ac<span class=\"_ _2b\"></span>quired. Each</div>\n<div class=\"t m0 x7 h4f y9ad ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting date<span class=\"_ _2\"></span>, VOBA is part of the<span class=\"ls0 ws0\"> <span class=\"lse1 ws104\">liability adequacy test to assess </span></span></div>\n<div class=\"t m0 x7 h4f y9ae ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">whether t<span class=\"_ _0\"></span>he liabil<span class=\"_ _0\"></span>ities aris<span class=\"_ _0\"></span>ing from in<span class=\"_ _0\"></span>suranc<span class=\"_ _0\"></span>e and inves<span class=\"_ _0\"></span>tment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y9af ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are adequat<span class=\"_ _2\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yc86 ffcc fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Intern<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>ntangib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc87 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intern<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>ntangib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets are c<span class=\"_ _0\"></span>apitalis<span class=\"_ _2b\"></span>ed when Ageas c<span class=\"_ _2b\"></span>an</div>\n<div class=\"t m0 x7 h4f yc88 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rate all of<span class=\"_ _0\"></span> the fol<span class=\"ls102 ws11d\">lowing:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc89 ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">The technical f<span class=\"_ _2b\"></span>easibility of <span class=\"_ _2b\"></span>completing the<span class=\"_ _2b\"></span> intangible as<span class=\"_ _0\"></span>set so t<span class=\"_ _0\"></span>hat it </span></span></div>\n<div class=\"t m0 x43 h4f yc8a ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">will be availab<span class=\"_ _2\"></span>le for use or sale;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8b ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">Its intention t<span class=\"_ _2b\"></span>o complete the <span class=\"_ _0\"></span>intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span> and us<span class=\"_ _0\"></span>e or sel<span class=\"_ _0\"></span>l it;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yc8c ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsf0\">Its ability to use or sel<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e intangib<span class=\"_ _2b\"></span>le asset;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yc8d ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca ls104 ws136\">How the <span class=\"lse2 ws103\">intangible<span class=\"_ _2\"></span> asset will generate probable<span class=\"_ _2\"></span> future economic </span></span></span></div>\n<div class=\"t m0 x43 h4f yc8e ffca fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8f ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsf0\">The availabilit<span class=\"_ _0\"></span>y of adequat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>tec<span class=\"_ _2b\"></span>hnical, financ<span class=\"_ _2b\"></span>ial and other resour<span class=\"_ _0\"></span>ces </span></span></div>\n<div class=\"t m0 x43 h4f yc90 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to comp<span class=\"_ _0\"></span>lete th<span class=\"_ _0\"></span>e develo<span class=\"_ _0\"></span>pment an<span class=\"_ _0\"></span>d to use <span class=\"_ _2b\"></span>or sell the inta<span class=\"_ _2b\"></span>ngible asset<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x43 h4f yc91 ffca fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc92 ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse2 ws103\">It<span class=\"_ _2\"></span>s ability to measure relia<span class=\"_ _2\"></span>bly the expenditure</span><span class=\"ffca\"> <span class=\"lse0 wsfa\">attributable<span class=\"_ _0\"></span> to the </span></span></span></div>\n<div class=\"t m0 x43 h4f yc93 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset during its dev<span class=\"_ _2b\"></span>elopment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a4 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Only inta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>sets aris<span class=\"_ _2b\"></span>ing from develop<span class=\"_ _0\"></span>ment are ca<span class=\"_ _0\"></span>pitalis<span class=\"_ _0\"></span>ed. All</div>\n<div class=\"t m0 x1a h4f y8a5 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other internal<span class=\"_ _2\"></span>ly generated intangible ass<span class=\"_ _2\"></span>ets are not capitalised<span class=\"_ _2\"></span> and</div>\n<div class=\"t m0 x1a h4f y8a6 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expendit<span class=\"_ _2b\"></span>ure is reflec<span class=\"_ _0\"></span>ted in th<span class=\"_ _2b\"></span>e income statem<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he<span class=\"ls0 ws0\"> </span>year in w<span class=\"_ _2b\"></span>hich the</div>\n<div class=\"t m0 x1a h4f yc95 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">expenditure <span class=\"_ _2\"></span>is incurred.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y8a8 ffcc fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a9 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Software for compu<span class=\"_ _2\"></span>ter hardware that canno<span class=\"_ _2\"></span>t operate without that</div>\n<div class=\"t m0 x1a h4f y8aa ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">specific sof<span class=\"_ _2\"></span>tware, such as the operating s<span class=\"_ _2\"></span>ystem, is an integral part o<span class=\"_ _2\"></span>f the</div>\n<div class=\"t m0 x1a h4f y8ab ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related h<span class=\"_ _0\"></span>ardwar<span class=\"_ _0\"></span>e and is treate<span class=\"_ _2b\"></span>d as property, plant an<span class=\"_ _2b\"></span>d equipmen<span class=\"lsf4 ws0\">t. If the </span></div>\n<div class=\"t m0 x1a h4f y8ac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">softwa<span class=\"_ _0\"></span>re is not an inte<span class=\"_ _0\"></span>gral part of<span class=\"_ _0\"></span> the relat<span class=\"_ _0\"></span>ed hardwar<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>the c<span class=\"_ _0\"></span>osts</div>\n<div class=\"t m0 x1a h4f y8ad ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d during th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>deve<span class=\"_ _2b\"></span>lopment phase,<span class=\"_ _0\"></span> for which A<span class=\"_ _0\"></span>geas can</div>\n<div class=\"t m0 x1a h4f y8ae ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rate all of<span class=\"_ _0\"></span> the above<span class=\"ls0 ws0\">-</span>ment<span class=\"_ _2b\"></span>ioned criteria,<span class=\"_ _0\"></span> are capit<span class=\"_ _0\"></span>alised as an</div>\n<div class=\"t m0 x1a h4f y8af ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset and are amort<span class=\"_ _0\"></span>ised over t<span class=\"_ _0\"></span>heir est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>eful life usi<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y8b0 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the straight<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">line m<span class=\"_ _0\"></span>ethod. In g<span class=\"_ _2b\"></span>eneral, such softw<span class=\"_ _0\"></span>are is amort<span class=\"_ _0\"></span>ised ove<span class=\"_ _0\"></span>r a </span></span></div>\n<div class=\"t m0 x1a h4f y8b1 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">maximum of <span class=\"_ _2\"></span>5 years.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yc96 ffcc fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc97 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es, such as parkin<span class=\"_ _0\"></span>g concess<span class=\"_ _0\"></span>ions,</div>\n<div class=\"t m0 x1a h4f yc98 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">trademarks an<span class=\"_ _2\"></span>d licenses,<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">are generall<span class=\"_ _0\"></span>y amortise<span class=\"_ _0\"></span>d over thei<span class=\"_ _0\"></span>r estimat<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x1a h4f yc99 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful liv<span class=\"_ _2b\"></span>es using the straight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">line <span class=\"_ _0\"></span>method.<span class=\"_ _0\"></span> Intang<span class=\"_ _2b\"></span>ible assets wit<span class=\"_ _2b\"></span>h finite </span></span></div>\n<div class=\"t m0 x1a h4f yc9a ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lives are r<span class=\"_ _0\"></span>eviewed f<span class=\"_ _0\"></span>or indicat<span class=\"_ _2b\"></span>ors of impairment at<span class=\"_ _0\"></span> each report<span class=\"_ _0\"></span>ing date.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc9b ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc9c ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Car park co<span class=\"_ _0\"></span>ncessi<span class=\"_ _0\"></span>ons are reco<span class=\"_ _0\"></span>gnised<span class=\"_ _0\"></span> as intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span>s when <span class=\"lse2 wsf1\">Ageas </span></div>\n<div class=\"t m0 x1a h4f y8b9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has the ri<span class=\"_ _2b\"></span>ght to charge f<span class=\"_ _0\"></span>or the us<span class=\"_ _2b\"></span>age of the conc<span class=\"_ _0\"></span>ession i<span class=\"_ _2b\"></span>nfrastructure.<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x1a h4f y8ba ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _0\"></span>et receiv<span class=\"_ _2b\"></span>ed is measured at fair val<span class=\"_ _2b\"></span>ue at initial</div>\n<div class=\"t m0 x1a h4f y8bb ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>, as consideration <span class=\"_ _2\"></span>for providing cons<span class=\"_ _2\"></span>truction or upgrade<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc9d ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s in a serv<span class=\"_ _2b\"></span>ice concessi<span class=\"_ _0\"></span>on arran<span class=\"_ _0\"></span>gement.<span class=\"_ _0\"></span> The ap<span class=\"_ _0\"></span>plicabl<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yc9e ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is determ<span class=\"_ _0\"></span>ined by ref<span class=\"_ _0\"></span>erence to th<span class=\"_ _0\"></span>e fair value of<span class=\"_ _0\"></span> the const<span class=\"_ _0\"></span>ruction or</div>\n<div class=\"t m0 x1a h4f yc9f ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">upgrade servic<span class=\"_ _2\"></span>es provided. Subsequent to in<span class=\"_ _2\"></span>itial recognition, the car<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yca0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">park conc<span class=\"_ _0\"></span>essions<span class=\"_ _0\"></span> are measu<span class=\"_ _0\"></span>red at cost les<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>any ac<span class=\"_ _2b\"></span>cumulated</div>\n<div class=\"t m0 x1a h4f yca1 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ation and a<span class=\"_ _0\"></span>ny accumu<span class=\"_ _2b\"></span>lated impairme<span class=\"_ _0\"></span>nt losses. T<span class=\"_ _2b\"></span>he estimated</div>\n<div class=\"t m0 x1a h4f yca2 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>an int<span class=\"_ _2b\"></span>angible asset in a se<span class=\"_ _0\"></span>rvice conc<span class=\"_ _2b\"></span>ession arrange<span class=\"_ _0\"></span>ment is</div>\n<div class=\"t m0 x1a h4f yca3 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the peri<span class=\"_ _0\"></span>od that st<span class=\"_ _2b\"></span>arts at the ti<span class=\"_ _2b\"></span>me Ageas is ab<span class=\"_ _0\"></span>le to cha<span class=\"_ _0\"></span>rge for t<span class=\"_ _0\"></span>he use of</div>\n<div class=\"t m0 x1a h4f yca4 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the conces<span class=\"_ _2b\"></span>sion infrastru<span class=\"_ _0\"></span>cture unt<span class=\"_ _2b\"></span>il <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e end of the conc<span class=\"_ _2b\"></span>ession period. T<span class=\"_ _0\"></span>h<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f yca5 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent princ<span class=\"_ _0\"></span>iples app<span class=\"_ _0\"></span>lied to car p<span class=\"_ _0\"></span>ark conce<span class=\"_ _0\"></span>ssions ar<span class=\"_ _0\"></span>e the same as</div>\n<div class=\"t m0 x1a h4f yca6 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">those applicable<span class=\"_ _2\"></span> to investment properties<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 536px; height: 304px; width: 354px; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 536px; height: 561px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 656px; width: 354px; z-index: 6;\"><br/></div>\n\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yca7 ffca fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yca8 ffcc fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Goodwill from<span class=\"_ _2\"></span> business combinations from<span class=\"_ _2\"></span> 1 January 2010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yca9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">At initi<span class=\"_ _0\"></span>al reco<span class=\"_ _0\"></span>gnition,<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill is me<span class=\"_ _2b\"></span>asured at cost,<span class=\"_ _0\"></span> being t<span class=\"_ _0\"></span>he exces<span class=\"_ _0\"></span>s of</div>\n<div class=\"t m0 x1a h4f ycaa ffca fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">th<span class=\"lse2 ws103\">e fair value<span class=\"_ _2\"></span> of the consideration transferred<span class=\"_ _2\"></span> over: <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ycab ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas's <span class=\"ws103\">share in the ne<span class=\"_ _2\"></span>t identifiable assets acquired<span class=\"_ _2\"></span> and liabilities </span></span></span></div>\n<div class=\"t m0 x6c h4f ycac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assume<span class=\"_ _0\"></span>d; and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycad ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">Net of the fai<span class=\"_ _0\"></span>r value o<span class=\"_ _0\"></span>f any pre<span class=\"_ _2b\"></span>viously held e<span class=\"_ _0\"></span>quity i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> in the </span></span></div>\n<div class=\"t m0 x6c h4f ycae ffca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>e. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycaf ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">After init<span class=\"_ _2b\"></span>ial recognition,<span class=\"_ _0\"></span> goodwi<span class=\"_ _0\"></span>ll is measur<span class=\"_ _0\"></span>ed at cost les<span class=\"_ _0\"></span>s any</div>\n<div class=\"t m0 x1a h4f ycb1 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">accumu<span class=\"_ _0\"></span>lated im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt losses<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 178px; width: 354px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 183px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 354px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 692px; width: 354px; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ffd1 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll from b<span class=\"_ _0\"></span>usiness c<span class=\"_ _2b\"></span>ombinations pr<span class=\"_ _2b\"></span>ior to <span class=\"lse2\">1 January<span class=\"_ _2\"></span> 2010<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">In comparison wi<span class=\"_ _2\"></span>th the above<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">mentioned<span class=\"_ _2\"></span> requirements, th<span class=\"_ _2\"></span>e following </span></div>\n<div class=\"t m0 x7 h4f y804 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nces apply<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> were acco<span class=\"_ _2b\"></span>unted for using the pu<span class=\"_ _0\"></span>rchase </span></span></div>\n<div class=\"t m0 x43 h4f y806 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">method.<span class=\"_ _0\"></span> Transac<span class=\"_ _0\"></span>tion co<span class=\"_ _2b\"></span>sts directly at<span class=\"_ _2b\"></span>tributable to t<span class=\"_ _0\"></span>he acqu<span class=\"_ _0\"></span>isitio<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x43 h4f y807 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">formed pa<span class=\"_ _2b\"></span>rt <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e acquisit<span class=\"_ _0\"></span>ion costs<span class=\"_ _0\"></span>. The non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">controlling interest </span></span></div>\n<div class=\"t m0 x43 h4f y808 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(formerly known<span class=\"_ _2\"></span> as minority interest) wa<span class=\"_ _2\"></span>s measured at the</div>\n<div class=\"t m0 x43 h4f y809 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ionate s<span class=\"_ _2b\"></span>hare of the ac<span class=\"_ _0\"></span>quiree\u2019s<span class=\"_ _0\"></span> identif<span class=\"_ _2b\"></span>iable net asset<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> achieve<span class=\"_ _0\"></span>d in stages w<span class=\"_ _0\"></span>ere account<span class=\"_ _2b\"></span>ed for as </span></span></div>\n<div class=\"t m0 x43 h4f y80b ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separate steps.<span class=\"_ _2\"></span> Any additional ac<span class=\"lse0 wsf0\">quired shar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>of int<span class=\"_ _0\"></span>erest did n<span class=\"_ _0\"></span>ot </span></div>\n<div class=\"t m0 x43 h4f y80c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">affect pre<span class=\"_ _2\"></span>viously recognised good<span class=\"_ _2\"></span>will.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80d ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsfa\">A contingent c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>ration w<span class=\"_ _2b\"></span>as recognised i<span class=\"_ _2b\"></span>f, and only if<span class=\"_ _0\"></span>, Ageas </span></span></div>\n<div class=\"t m0 x43 h4f y80e ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">had a prese<span class=\"_ _0\"></span>nt obligat<span class=\"_ _0\"></span>ion, eco<span class=\"_ _0\"></span>nomic ou<span class=\"_ _0\"></span>tflow was m<span class=\"_ _0\"></span>ore likely<span class=\"_ _0\"></span> than not</div>\n<div class=\"t m0 x43 h4f y80f ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and a relia<span class=\"_ _0\"></span>ble estim<span class=\"_ _0\"></span>ate was <span class=\"lse2 wsfa\">determinable. Subseq<span class=\"_ _2\"></span>uent adjustments </span></div>\n<div class=\"t m0 x43 h4f y810 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to the cont<span class=\"_ _0\"></span>ingent con<span class=\"_ _2b\"></span>sideration aff<span class=\"_ _0\"></span>ected go<span class=\"_ _0\"></span>odwill.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 y886 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll is an inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _2b\"></span>et <span class=\"_ _2\"></span>wit<span class=\"_ _2b\"></span>h an indefinite lif<span class=\"_ _0\"></span>e and, like al<span class=\"_ _0\"></span>l other</div>\n<div class=\"t m0 x7 h4f y8d0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e lives, the ca<span class=\"_ _0\"></span>rrying val<span class=\"_ _2b\"></span>ue of those</div>\n<div class=\"t m0 x7 h4f y8d1 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e life is assess<span class=\"_ _2b\"></span>ed annually, or mor<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y8d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">frequent<span class=\"_ _2b\"></span>ly, if events o<span class=\"_ _2b\"></span>r changes in ci<span class=\"_ _0\"></span>rcumst<span class=\"_ _2b\"></span>ances indicat<span class=\"_ _0\"></span>e that suc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x7 h4f y8d3 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> value may not b<span class=\"_ _2b\"></span>e recoverabl<span class=\"_ _0\"></span>e. If suc<span class=\"_ _0\"></span>h indicat<span class=\"_ _2b\"></span>ion exists, t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yb28 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt is determined for the c<span class=\"_ _2\"></span>ash<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">ge<span class=\"lse0 wsfa\">nerati<span class=\"_ _0\"></span>ng unit t<span class=\"_ _2b\"></span>o which </span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">goodwil<span class=\"_ _0\"></span>l belongs.<span class=\"_ _0\"></span> This amount<span class=\"_ _0\"></span> is then com<span class=\"_ _2b\"></span>pared to the carryi<span class=\"_ _0\"></span>ng amount</div>\n<div class=\"t m0 x7 h4f yb2a ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the cash<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generati<span class=\"_ _2\"></span>ng unit and an<span class=\"_ _2\"></span> impairment loss i<span class=\"_ _2\"></span>s recognised if <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recover<span class=\"_ _2b\"></span>able amount is l<span class=\"_ _0\"></span>ess tha<span class=\"_ _2b\"></span>n the carrying <span class=\"_ _0\"></span>amount.<span class=\"_ _0\"></span> Impairm<span class=\"_ _2b\"></span>ent losses</div>\n<div class=\"t m0 x7 h4f yb2c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are recogn<span class=\"_ _2\"></span>ised immed<span class=\"ws103\">iately in the inc<span class=\"_ _2\"></span>ome statement.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yb2d ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y962 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the event<span class=\"_ _0\"></span> of an impair<span class=\"_ _2b\"></span>ment loss, Ageas fi<span class=\"_ _0\"></span>rst reduc<span class=\"_ _0\"></span>es the carry<span class=\"_ _2b\"></span>ing</div>\n<div class=\"t m0 x7 h4f y963 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill all<span class=\"_ _0\"></span>ocated t<span class=\"_ _0\"></span>o the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span><span class=\"lse2\">generating<span class=\"_ _2\"></span> unit and then<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y964 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reduces t<span class=\"_ _0\"></span>he other ass<span class=\"_ _0\"></span>ets in the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generating un<span class=\"_ _2\"></span>it pro</span>-</span>rata on the</div>\n<div class=\"t m0 x7 h4f y965 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">basis of t<span class=\"_ _2b\"></span>he carrying a<span class=\"_ _0\"></span>mount of<span class=\"_ _0\"></span> each as<span class=\"_ _0\"></span>set in t<span class=\"_ _2b\"></span>he cash generat<span class=\"_ _0\"></span>ing un<span class=\"_ _0\"></span>it.</div>\n<div class=\"t m0 x7 h4f y966 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Previou<span class=\"_ _0\"></span>sly reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _2b\"></span>pairment losses r<span class=\"_ _0\"></span>elating t<span class=\"_ _0\"></span>o goodwil<span class=\"_ _0\"></span>l are not</div>\n<div class=\"t m0 x7 h4f y967 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reversed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 268px; width: 349px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 525px; width: 349px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 530px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 535px; width: 349px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag490": {
   "value": "\n<div></div>\n<div class=\"t m0 x7 h55 yc7c ffcc fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7d ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>et is an ident<span class=\"_ _0\"></span>ifiable n<span class=\"_ _2b\"></span>on<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">mon<span class=\"_ _0\"></span>etary as<span class=\"_ _0\"></span>set and <span class=\"_ _0\"></span>is </span></div>\n<div class=\"t m0 x7 h4f yc7e ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span>f, and only if<span class=\"_ _2\"></span>, it will genera<span class=\"_ _2\"></span>te future economic <span class=\"_ _2\"></span>benefits and if</div>\n<div class=\"t m0 x7 h4f yc7f ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the cost of the<span class=\"_ _2\"></span> asset can be measured reliab<span class=\"_ _2\"></span>ly.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc80 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc81 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s are recorde<span class=\"_ _0\"></span>d on the <span class=\"_ _0\"></span>sta<span class=\"wsf0\">teme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition at </span></div>\n<div class=\"t m0 x7 h4f yc82 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cost less an<span class=\"_ _0\"></span>y accumu<span class=\"_ _2b\"></span>lated amortisat<span class=\"_ _0\"></span>ion and any ac<span class=\"_ _2b\"></span>cumulated</div>\n<div class=\"t m0 x7 h4f yc83 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>ses. Th<span class=\"_ _0\"></span>e residu<span class=\"_ _0\"></span>al valu<span class=\"_ _2b\"></span>e and the usefu<span class=\"_ _0\"></span>l life of<span class=\"_ _0\"></span> intang<span class=\"_ _0\"></span>ible</div>\n<div class=\"t m0 x7 h4f yc84 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>re reviewed at e<span class=\"_ _0\"></span>ach year<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">end.</span> </span></div>\n<div class=\"t m0 x7 h4f yc85 ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y887 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s with definit<span class=\"_ _0\"></span>e lives<span class=\"_ _0\"></span> are <span class=\"lse2 ws103\">amortised over their estim<span class=\"_ _2\"></span>ated </span></div>\n<div class=\"t m0 x7 h4f y888 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e using the straight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">line m<span class=\"_ _2b\"></span>ethod. Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _2b\"></span>ets with indef<span class=\"_ _0\"></span>inite </span></span></div>\n<div class=\"t m0 x7 h4f y889 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lives, suc<span class=\"_ _0\"></span>h as goodwi<span class=\"_ _2b\"></span>ll, are not amortis<span class=\"_ _0\"></span>ed, but are i<span class=\"_ _0\"></span>nstead test<span class=\"_ _0\"></span>ed for</div>\n<div class=\"t m0 x7 h4f y88a ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent at least<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ann<span class=\"_ _0\"></span>ually. Any<span class=\"_ _0\"></span> impairm<span class=\"_ _0\"></span>ent loss id<span class=\"_ _0\"></span>entifie<span class=\"_ _0\"></span>d is</div>\n<div class=\"t m0 x7 h4f y88b ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognised i<span class=\"_ _2\"></span><span class=\"lse0\">n th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h55 y9a5 ffcc fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Value of<span class=\"_ _2\"></span> business acquired (VO<span class=\"_ _2\"></span>BA)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9a6 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Value of <span class=\"_ _0\"></span>busines<span class=\"_ _2b\"></span>s acquired re<span class=\"_ _0\"></span>present<span class=\"_ _0\"></span>s the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _2b\"></span>n the fair</div>\n<div class=\"t m0 x7 h4f y9a7 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value at acq<span class=\"_ _0\"></span>uisiti<span class=\"_ _0\"></span>on date meas<span class=\"_ _0\"></span>ured usi<span class=\"_ _0\"></span>ng the <span class=\"lse2 wsf1\">Ageas's accoun<span class=\"_ _2\"></span>ting </span></div>\n<div class=\"t m0 x7 h4f y9a8 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span> and th<span class=\"_ _0\"></span>e subseq<span class=\"_ _0\"></span>uent c<span class=\"_ _0\"></span>arrying <span class=\"_ _0\"></span>value of a<span class=\"_ _0\"></span> portfo<span class=\"_ _0\"></span>lio of ins<span class=\"_ _2b\"></span><span class=\"wsef\">urance </span></div>\n<div class=\"t m0 x7 h4f y9a9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and inve<span class=\"_ _0\"></span>stment c<span class=\"_ _2b\"></span>ontracts acq<span class=\"_ _0\"></span>uired in <span class=\"_ _2b\"></span>a business or p<span class=\"_ _0\"></span>ortfol<span class=\"_ _0\"></span>io acqui<span class=\"_ _0\"></span>sition.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9aa ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9ab ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">VOBA is re<span class=\"_ _2\"></span>cognised as an i<span class=\"_ _2\"></span>ntangible asset and<span class=\"_ _2\"></span> is amortised ov<span class=\"_ _2\"></span>er the</div>\n<div class=\"t m0 x7 h4f y9ac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income rec<span class=\"_ _2b\"></span>ognition perio<span class=\"_ _0\"></span>d of the portf<span class=\"_ _2b\"></span>olio of contracts ac<span class=\"_ _2b\"></span>quired. Each</div>\n<div class=\"t m0 x7 h4f y9ad ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reporting date<span class=\"_ _2\"></span>, VOBA is part of the<span class=\"ls0 ws0\"> <span class=\"lse1 ws104\">liability adequacy test to assess </span></span></div>\n<div class=\"t m0 x7 h4f y9ae ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">whether t<span class=\"_ _0\"></span>he liabil<span class=\"_ _0\"></span>ities aris<span class=\"_ _0\"></span>ing from in<span class=\"_ _0\"></span>suranc<span class=\"_ _0\"></span>e and inves<span class=\"_ _0\"></span>tment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y9af ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are adequat<span class=\"_ _2\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yc86 ffcc fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Intern<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>ntangib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc87 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intern<span class=\"_ _0\"></span>ally gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>ntangib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets are c<span class=\"_ _0\"></span>apitalis<span class=\"_ _2b\"></span>ed when Ageas c<span class=\"_ _2b\"></span>an</div>\n<div class=\"t m0 x7 h4f yc88 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rate all of<span class=\"_ _0\"></span> the fol<span class=\"ls102 ws11d\">lowing:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc89 ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">The technical f<span class=\"_ _2b\"></span>easibility of <span class=\"_ _2b\"></span>completing the<span class=\"_ _2b\"></span> intangible as<span class=\"_ _0\"></span>set so t<span class=\"_ _0\"></span>hat it </span></span></div>\n<div class=\"t m0 x43 h4f yc8a ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">will be availab<span class=\"_ _2\"></span>le for use or sale;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8b ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">Its intention t<span class=\"_ _2b\"></span>o complete the <span class=\"_ _0\"></span>intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span> and us<span class=\"_ _0\"></span>e or sel<span class=\"_ _0\"></span>l it;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yc8c ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsf0\">Its ability to use or sel<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e intangib<span class=\"_ _2b\"></span>le asset;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yc8d ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca ls104 ws136\">How the <span class=\"lse2 ws103\">intangible<span class=\"_ _2\"></span> asset will generate probable<span class=\"_ _2\"></span> future economic </span></span></span></div>\n<div class=\"t m0 x43 h4f yc8e ffca fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8f ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsf0\">The availabilit<span class=\"_ _0\"></span>y of adequat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>tec<span class=\"_ _2b\"></span>hnical, financ<span class=\"_ _2b\"></span>ial and other resour<span class=\"_ _0\"></span>ces </span></span></div>\n<div class=\"t m0 x43 h4f yc90 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to comp<span class=\"_ _0\"></span>lete th<span class=\"_ _0\"></span>e develo<span class=\"_ _0\"></span>pment an<span class=\"_ _0\"></span>d to use <span class=\"_ _2b\"></span>or sell the inta<span class=\"_ _2b\"></span>ngible asset<span class=\"ls0 ws0\">; </span></div>\n<div class=\"t m0 x43 h4f yc91 ffca fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc92 ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse2 ws103\">It<span class=\"_ _2\"></span>s ability to measure relia<span class=\"_ _2\"></span>bly the expenditure</span><span class=\"ffca\"> <span class=\"lse0 wsfa\">attributable<span class=\"_ _0\"></span> to the </span></span></span></div>\n<div class=\"t m0 x43 h4f yc93 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset during its dev<span class=\"_ _2b\"></span>elopment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a4 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Only inta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>sets aris<span class=\"_ _2b\"></span>ing from develop<span class=\"_ _0\"></span>ment are ca<span class=\"_ _0\"></span>pitalis<span class=\"_ _0\"></span>ed. All</div>\n<div class=\"t m0 x1a h4f y8a5 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other internal<span class=\"_ _2\"></span>ly generated intangible ass<span class=\"_ _2\"></span>ets are not capitalised<span class=\"_ _2\"></span> and</div>\n<div class=\"t m0 x1a h4f y8a6 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expendit<span class=\"_ _2b\"></span>ure is reflec<span class=\"_ _0\"></span>ted in th<span class=\"_ _2b\"></span>e income statem<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he<span class=\"ls0 ws0\"> </span>year in w<span class=\"_ _2b\"></span>hich the</div>\n<div class=\"t m0 x1a h4f yc95 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">expenditure <span class=\"_ _2\"></span>is incurred.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y8a8 ffcc fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a9 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Software for compu<span class=\"_ _2\"></span>ter hardware that canno<span class=\"_ _2\"></span>t operate without that</div>\n<div class=\"t m0 x1a h4f y8aa ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">specific sof<span class=\"_ _2\"></span>tware, such as the operating s<span class=\"_ _2\"></span>ystem, is an integral part o<span class=\"_ _2\"></span>f the</div>\n<div class=\"t m0 x1a h4f y8ab ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related h<span class=\"_ _0\"></span>ardwar<span class=\"_ _0\"></span>e and is treate<span class=\"_ _2b\"></span>d as property, plant an<span class=\"_ _2b\"></span>d equipmen<span class=\"lsf4 ws0\">t. If the </span></div>\n<div class=\"t m0 x1a h4f y8ac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">softwa<span class=\"_ _0\"></span>re is not an inte<span class=\"_ _0\"></span>gral part of<span class=\"_ _0\"></span> the relat<span class=\"_ _0\"></span>ed hardwar<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>the c<span class=\"_ _0\"></span>osts</div>\n<div class=\"t m0 x1a h4f y8ad ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d during th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>deve<span class=\"_ _2b\"></span>lopment phase,<span class=\"_ _0\"></span> for which A<span class=\"_ _0\"></span>geas can</div>\n<div class=\"t m0 x1a h4f y8ae ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">demonst<span class=\"_ _0\"></span>rate all of<span class=\"_ _0\"></span> the above<span class=\"ls0 ws0\">-</span>ment<span class=\"_ _2b\"></span>ioned criteria,<span class=\"_ _0\"></span> are capit<span class=\"_ _0\"></span>alised as an</div>\n<div class=\"t m0 x1a h4f y8af ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset and are amort<span class=\"_ _0\"></span>ised over t<span class=\"_ _0\"></span>heir est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>eful life usi<span class=\"_ _2b\"></span>ng</div>\n<div class=\"t m0 x1a h4f y8b0 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the straight<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">line m<span class=\"_ _0\"></span>ethod. In g<span class=\"_ _2b\"></span>eneral, such softw<span class=\"_ _0\"></span>are is amort<span class=\"_ _0\"></span>ised ove<span class=\"_ _0\"></span>r a </span></span></div>\n<div class=\"t m0 x1a h4f y8b1 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">maximum of <span class=\"_ _2\"></span>5 years.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yc96 ffcc fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc97 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es, such as parkin<span class=\"_ _0\"></span>g concess<span class=\"_ _0\"></span>ions,</div>\n<div class=\"t m0 x1a h4f yc98 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">trademarks an<span class=\"_ _2\"></span>d licenses,<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">are generall<span class=\"_ _0\"></span>y amortise<span class=\"_ _0\"></span>d over thei<span class=\"_ _0\"></span>r estimat<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x1a h4f yc99 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful liv<span class=\"_ _2b\"></span>es using the straight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">line <span class=\"_ _0\"></span>method.<span class=\"_ _0\"></span> Intang<span class=\"_ _2b\"></span>ible assets wit<span class=\"_ _2b\"></span>h finite </span></span></div>\n<div class=\"t m0 x1a h4f yc9a ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lives are r<span class=\"_ _0\"></span>eviewed f<span class=\"_ _0\"></span>or indicat<span class=\"_ _2b\"></span>ors of impairment at<span class=\"_ _0\"></span> each report<span class=\"_ _0\"></span>ing date.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc9b ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc9c ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Car park co<span class=\"_ _0\"></span>ncessi<span class=\"_ _0\"></span>ons are reco<span class=\"_ _0\"></span>gnised<span class=\"_ _0\"></span> as intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span>s when <span class=\"lse2 wsf1\">Ageas </span></div>\n<div class=\"t m0 x1a h4f y8b9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has the ri<span class=\"_ _2b\"></span>ght to charge f<span class=\"_ _0\"></span>or the us<span class=\"_ _2b\"></span>age of the conc<span class=\"_ _0\"></span>ession i<span class=\"_ _2b\"></span>nfrastructure.<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x1a h4f y8ba ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _0\"></span>et receiv<span class=\"_ _2b\"></span>ed is measured at fair val<span class=\"_ _2b\"></span>ue at initial</div>\n<div class=\"t m0 x1a h4f y8bb ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>, as consideration <span class=\"_ _2\"></span>for providing cons<span class=\"_ _2\"></span>truction or upgrade<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc9d ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s in a serv<span class=\"_ _2b\"></span>ice concessi<span class=\"_ _0\"></span>on arran<span class=\"_ _0\"></span>gement.<span class=\"_ _0\"></span> The ap<span class=\"_ _0\"></span>plicabl<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yc9e ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is determ<span class=\"_ _0\"></span>ined by ref<span class=\"_ _0\"></span>erence to th<span class=\"_ _0\"></span>e fair value of<span class=\"_ _0\"></span> the const<span class=\"_ _0\"></span>ruction or</div>\n<div class=\"t m0 x1a h4f yc9f ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">upgrade servic<span class=\"_ _2\"></span>es provided. Subsequent to in<span class=\"_ _2\"></span>itial recognition, the car<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yca0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">park conc<span class=\"_ _0\"></span>essions<span class=\"_ _0\"></span> are measu<span class=\"_ _0\"></span>red at cost les<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>any ac<span class=\"_ _2b\"></span>cumulated</div>\n<div class=\"t m0 x1a h4f yca1 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ation and a<span class=\"_ _0\"></span>ny accumu<span class=\"_ _2b\"></span>lated impairme<span class=\"_ _0\"></span>nt losses. T<span class=\"_ _2b\"></span>he estimated</div>\n<div class=\"t m0 x1a h4f yca2 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>an int<span class=\"_ _2b\"></span>angible asset in a se<span class=\"_ _0\"></span>rvice conc<span class=\"_ _2b\"></span>ession arrange<span class=\"_ _0\"></span>ment is</div>\n<div class=\"t m0 x1a h4f yca3 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the peri<span class=\"_ _0\"></span>od that st<span class=\"_ _2b\"></span>arts at the ti<span class=\"_ _2b\"></span>me Ageas is ab<span class=\"_ _0\"></span>le to cha<span class=\"_ _0\"></span>rge for t<span class=\"_ _0\"></span>he use of</div>\n<div class=\"t m0 x1a h4f yca4 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the conces<span class=\"_ _2b\"></span>sion infrastru<span class=\"_ _0\"></span>cture unt<span class=\"_ _2b\"></span>il <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e end of the conc<span class=\"_ _2b\"></span>ession period. T<span class=\"_ _0\"></span>h<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f yca5 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent princ<span class=\"_ _0\"></span>iples app<span class=\"_ _0\"></span>lied to car p<span class=\"_ _0\"></span>ark conce<span class=\"_ _0\"></span>ssions ar<span class=\"_ _0\"></span>e the same as</div>\n<div class=\"t m0 x1a h4f yca6 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">those applicable<span class=\"_ _2\"></span> to investment properties<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 536px; height: 304px; width: 354px; z-index: 7;\"></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 536px; height: 561px; width: 354px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 656px; width: 354px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag494": {
   "value": "\n<div class=\"t m0 x1a h55 yc96 ffcc fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc97 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other int<span class=\"_ _0\"></span>angible as<span class=\"_ _2b\"></span>sets with finite liv<span class=\"_ _2b\"></span>es, such as parkin<span class=\"_ _0\"></span>g concess<span class=\"_ _0\"></span>ions,</div>\n<div class=\"t m0 x1a h4f yc98 ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">trademarks an<span class=\"_ _2\"></span>d licenses,<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">are generall<span class=\"_ _0\"></span>y amortise<span class=\"_ _0\"></span>d over thei<span class=\"_ _0\"></span>r estimat<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x1a h4f yc99 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful liv<span class=\"_ _2b\"></span>es using the straight<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">line <span class=\"_ _0\"></span>method.<span class=\"_ _0\"></span> Intang<span class=\"_ _2b\"></span>ible assets wit<span class=\"_ _2b\"></span>h finite </span></span></div>\n<div class=\"t m0 x1a h4f yc9a ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lives are r<span class=\"_ _0\"></span>eviewed f<span class=\"_ _0\"></span>or indicat<span class=\"_ _2b\"></span>ors of impairment at<span class=\"_ _0\"></span> each report<span class=\"_ _0\"></span>ing date.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc9b ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc9c ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Car park co<span class=\"_ _0\"></span>ncessi<span class=\"_ _0\"></span>ons are reco<span class=\"_ _0\"></span>gnised<span class=\"_ _0\"></span> as intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span>s when <span class=\"lse2 wsf1\">Ageas </span></div>\n<div class=\"t m0 x1a h4f y8b9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has the ri<span class=\"_ _2b\"></span>ght to charge f<span class=\"_ _0\"></span>or the us<span class=\"_ _2b\"></span>age of the conc<span class=\"_ _0\"></span>ession i<span class=\"_ _2b\"></span>nfrastructure.<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x1a h4f y8ba ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _0\"></span>et receiv<span class=\"_ _2b\"></span>ed is measured at fair val<span class=\"_ _2b\"></span>ue at initial</div>\n<div class=\"t m0 x1a h4f y8bb ffca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recognition<span class=\"_ _2\"></span>, as consideration <span class=\"_ _2\"></span>for providing cons<span class=\"_ _2\"></span>truction or upgrade<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yc9d ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s in a serv<span class=\"_ _2b\"></span>ice concessi<span class=\"_ _0\"></span>on arran<span class=\"_ _0\"></span>gement.<span class=\"_ _0\"></span> The ap<span class=\"_ _0\"></span>plicabl<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x1a h4f yc9e ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is determ<span class=\"_ _0\"></span>ined by ref<span class=\"_ _0\"></span>erence to th<span class=\"_ _0\"></span>e fair value of<span class=\"_ _0\"></span> the const<span class=\"_ _0\"></span>ruction or</div>\n<div class=\"t m0 x1a h4f yc9f ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">upgrade servic<span class=\"_ _2\"></span>es provided. Subsequent to in<span class=\"_ _2\"></span>itial recognition, the car<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yca0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">park conc<span class=\"_ _0\"></span>essions<span class=\"_ _0\"></span> are measu<span class=\"_ _0\"></span>red at cost les<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>any ac<span class=\"_ _2b\"></span>cumulated</div>\n<div class=\"t m0 x1a h4f yca1 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ation and a<span class=\"_ _0\"></span>ny accumu<span class=\"_ _2b\"></span>lated impairme<span class=\"_ _0\"></span>nt losses. T<span class=\"_ _2b\"></span>he estimated</div>\n<div class=\"t m0 x1a h4f yca2 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">useful lif<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>an int<span class=\"_ _2b\"></span>angible asset in a se<span class=\"_ _0\"></span>rvice conc<span class=\"_ _2b\"></span>ession arrange<span class=\"_ _0\"></span>ment is</div>\n<div class=\"t m0 x1a h4f yca3 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the peri<span class=\"_ _0\"></span>od that st<span class=\"_ _2b\"></span>arts at the ti<span class=\"_ _2b\"></span>me Ageas is ab<span class=\"_ _0\"></span>le to cha<span class=\"_ _0\"></span>rge for t<span class=\"_ _0\"></span>he use of</div>\n<div class=\"t m0 x1a h4f yca4 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the conces<span class=\"_ _2b\"></span>sion infrastru<span class=\"_ _0\"></span>cture unt<span class=\"_ _2b\"></span>il <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e end of the conc<span class=\"_ _2b\"></span>ession period. T<span class=\"_ _0\"></span>h<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f yca5 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ent princ<span class=\"_ _0\"></span>iples app<span class=\"_ _0\"></span>lied to car p<span class=\"_ _0\"></span>ark conce<span class=\"_ _0\"></span>ssions ar<span class=\"_ _0\"></span>e the same as</div>\n<div class=\"t m0 x1a h4f yca6 ffca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">those applicable<span class=\"_ _2\"></span> to investment properties<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 536px; height: 304px; width: 354px; z-index: 7;\"></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForServiceConcessionArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag504": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1a h4f yca7 ffca fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yca8 ffcc fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Goodwill from<span class=\"_ _2\"></span> business combinations from<span class=\"_ _2\"></span> 1 January 2010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yca9 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">At initi<span class=\"_ _0\"></span>al reco<span class=\"_ _0\"></span>gnition,<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill is me<span class=\"_ _2b\"></span>asured at cost,<span class=\"_ _0\"></span> being t<span class=\"_ _0\"></span>he exces<span class=\"_ _0\"></span>s of</div>\n<div class=\"t m0 x1a h4f ycaa ffca fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">th<span class=\"lse2 ws103\">e fair value<span class=\"_ _2\"></span> of the consideration transferred<span class=\"_ _2\"></span> over: <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ycab ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas's <span class=\"ws103\">share in the ne<span class=\"_ _2\"></span>t identifiable assets acquired<span class=\"_ _2\"></span> and liabilities </span></span></span></div>\n<div class=\"t m0 x6c h4f ycac ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assume<span class=\"_ _0\"></span>d; and <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycad ffcd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffce\"> <span class=\"_ _46\"> </span><span class=\"ffca lse0 wsfa\">Net of the fai<span class=\"_ _0\"></span>r value o<span class=\"_ _0\"></span>f any pre<span class=\"_ _2b\"></span>viously held e<span class=\"_ _0\"></span>quity i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> in the </span></span></div>\n<div class=\"t m0 x6c h4f ycae ffca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>e. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycaf ffca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb0 ffca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">After init<span class=\"_ _2b\"></span>ial recognition,<span class=\"_ _0\"></span> goodwi<span class=\"_ _0\"></span>ll is measur<span class=\"_ _0\"></span>ed at cost les<span class=\"_ _0\"></span>s any</div>\n<div class=\"t m0 x1a h4f ycb1 ffca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">accumu<span class=\"_ _0\"></span>lated im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt losses<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 178px; width: 354px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 183px; width: 354px; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ffd1 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll from b<span class=\"_ _0\"></span>usiness c<span class=\"_ _2b\"></span>ombinations pr<span class=\"_ _2b\"></span>ior to <span class=\"lse2\">1 January<span class=\"_ _2\"></span> 2010<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">In comparison wi<span class=\"_ _2\"></span>th the above<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">mentioned<span class=\"_ _2\"></span> requirements, th<span class=\"_ _2\"></span>e following </span></div>\n<div class=\"t m0 x7 h4f y804 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nces apply<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> were acco<span class=\"_ _2b\"></span>unted for using the pu<span class=\"_ _0\"></span>rchase </span></span></div>\n<div class=\"t m0 x43 h4f y806 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">method.<span class=\"_ _0\"></span> Transac<span class=\"_ _0\"></span>tion co<span class=\"_ _2b\"></span>sts directly at<span class=\"_ _2b\"></span>tributable to t<span class=\"_ _0\"></span>he acqu<span class=\"_ _0\"></span>isitio<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x43 h4f y807 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">formed pa<span class=\"_ _2b\"></span>rt <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e acquisit<span class=\"_ _0\"></span>ion costs<span class=\"_ _0\"></span>. The non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">controlling interest </span></span></div>\n<div class=\"t m0 x43 h4f y808 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(formerly known<span class=\"_ _2\"></span> as minority interest) wa<span class=\"_ _2\"></span>s measured at the</div>\n<div class=\"t m0 x43 h4f y809 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ionate s<span class=\"_ _2b\"></span>hare of the ac<span class=\"_ _0\"></span>quiree\u2019s<span class=\"_ _0\"></span> identif<span class=\"_ _2b\"></span>iable net asset<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Business combi<span class=\"_ _0\"></span>nations<span class=\"_ _0\"></span> achieve<span class=\"_ _0\"></span>d in stages w<span class=\"_ _0\"></span>ere account<span class=\"_ _2b\"></span>ed for as </span></span></div>\n<div class=\"t m0 x43 h4f y80b ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separate steps.<span class=\"_ _2\"></span> Any additional ac<span class=\"lse0 wsf0\">quired shar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>of int<span class=\"_ _0\"></span>erest did n<span class=\"_ _0\"></span>ot </span></div>\n<div class=\"t m0 x43 h4f y80c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">affect pre<span class=\"_ _2\"></span>viously recognised good<span class=\"_ _2\"></span>will.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80d ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsfa\">A contingent c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>ration w<span class=\"_ _2b\"></span>as recognised i<span class=\"_ _2b\"></span>f, and only if<span class=\"_ _0\"></span>, Ageas </span></span></div>\n<div class=\"t m0 x43 h4f y80e ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">had a prese<span class=\"_ _0\"></span>nt obligat<span class=\"_ _0\"></span>ion, eco<span class=\"_ _0\"></span>nomic ou<span class=\"_ _0\"></span>tflow was m<span class=\"_ _0\"></span>ore likely<span class=\"_ _0\"></span> than not</div>\n<div class=\"t m0 x43 h4f y80f ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and a relia<span class=\"_ _0\"></span>ble estim<span class=\"_ _0\"></span>ate was <span class=\"lse2 wsfa\">determinable. Subseq<span class=\"_ _2\"></span>uent adjustments </span></div>\n<div class=\"t m0 x43 h4f y810 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to the cont<span class=\"_ _0\"></span>ingent con<span class=\"_ _2b\"></span>sideration aff<span class=\"_ _0\"></span>ected go<span class=\"_ _0\"></span>odwill.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 y886 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8cf ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Goodwi<span class=\"_ _0\"></span>ll is an inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _2b\"></span>et <span class=\"_ _2\"></span>wit<span class=\"_ _2b\"></span>h an indefinite lif<span class=\"_ _0\"></span>e and, like al<span class=\"_ _0\"></span>l other</div>\n<div class=\"t m0 x7 h4f y8d0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e lives, the ca<span class=\"_ _0\"></span>rrying val<span class=\"_ _2b\"></span>ue of those</div>\n<div class=\"t m0 x7 h4f y8d1 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets with ind<span class=\"_ _0\"></span>efinit<span class=\"_ _0\"></span>e life is assess<span class=\"_ _2b\"></span>ed annually, or mor<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y8d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">frequent<span class=\"_ _2b\"></span>ly, if events o<span class=\"_ _2b\"></span>r changes in ci<span class=\"_ _0\"></span>rcumst<span class=\"_ _2b\"></span>ances indicat<span class=\"_ _0\"></span>e that suc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x7 h4f y8d3 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">carrying<span class=\"_ _2b\"></span> value may not b<span class=\"_ _2b\"></span>e recoverabl<span class=\"_ _0\"></span>e. If suc<span class=\"_ _0\"></span>h indicat<span class=\"_ _2b\"></span>ion exists, t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yb28 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt is determined for the c<span class=\"_ _2\"></span>ash<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">ge<span class=\"lse0 wsfa\">nerati<span class=\"_ _0\"></span>ng unit t<span class=\"_ _2b\"></span>o which </span></span></div>\n<div class=\"t m0 x7 h4f yb29 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">goodwil<span class=\"_ _0\"></span>l belongs.<span class=\"_ _0\"></span> This amount<span class=\"_ _0\"></span> is then com<span class=\"_ _2b\"></span>pared to the carryi<span class=\"_ _0\"></span>ng amount</div>\n<div class=\"t m0 x7 h4f yb2a ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the cash<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generati<span class=\"_ _2\"></span>ng unit and an<span class=\"_ _2\"></span> impairment loss i<span class=\"_ _2\"></span>s recognised if <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recover<span class=\"_ _2b\"></span>able amount is l<span class=\"_ _0\"></span>ess tha<span class=\"_ _2b\"></span>n the carrying <span class=\"_ _0\"></span>amount.<span class=\"_ _0\"></span> Impairm<span class=\"_ _2b\"></span>ent losses</div>\n<div class=\"t m0 x7 h4f yb2c ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are recogn<span class=\"_ _2\"></span>ised immed<span class=\"ws103\">iately in the inc<span class=\"_ _2\"></span>ome statement.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yb2d ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y962 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the event<span class=\"_ _0\"></span> of an impair<span class=\"_ _2b\"></span>ment loss, Ageas fi<span class=\"_ _0\"></span>rst reduc<span class=\"_ _0\"></span>es the carry<span class=\"_ _2b\"></span>ing</div>\n<div class=\"t m0 x7 h4f y963 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> goodw<span class=\"_ _0\"></span>ill all<span class=\"_ _0\"></span>ocated t<span class=\"_ _0\"></span>o the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span><span class=\"lse2\">generating<span class=\"_ _2\"></span> unit and then<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y964 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reduces t<span class=\"_ _0\"></span>he other ass<span class=\"_ _0\"></span>ets in the cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generating un<span class=\"_ _2\"></span>it pro</span>-</span>rata on the</div>\n<div class=\"t m0 x7 h4f y965 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">basis of t<span class=\"_ _2b\"></span>he carrying a<span class=\"_ _0\"></span>mount of<span class=\"_ _0\"></span> each as<span class=\"_ _0\"></span>set in t<span class=\"_ _2b\"></span>he cash generat<span class=\"_ _0\"></span>ing un<span class=\"_ _0\"></span>it.</div>\n<div class=\"t m0 x7 h4f y966 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Previou<span class=\"_ _0\"></span>sly reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _2b\"></span>pairment losses r<span class=\"_ _0\"></span>elating t<span class=\"_ _0\"></span>o goodwil<span class=\"_ _0\"></span>l are not</div>\n<div class=\"t m0 x7 h4f y967 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reversed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 268px; width: 349px; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 525px; width: 349px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 530px; width: 349px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag499": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y898 ffcf fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">2.8.7 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Lea<span class=\"_ _2\"></span>sed</span> <span class=\"lse0 wsef\">assets<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 y9b2 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas as a<span class=\"_ _2\"></span> lessor<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9b3 ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Assets leas<span class=\"_ _2\"></span>ed under an oper<span class=\"_ _2\"></span>ating lease are rec<span class=\"_ _2\"></span>orded on <span class=\"wsf1\">the<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">statement </span></span></span></div>\n<div class=\"t m0 x7 h4f y9b4 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of financial po<span class=\"_ _2\"></span>sition under \u2018investment prope<span class=\"_ _2\"></span>rty\u2019 (buildings) and</div>\n<div class=\"t m0 x7 h4f y9b5 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">\u2018prope<span class=\"_ _0\"></span>rty, plant<span class=\"_ _0\"></span> and equipme<span class=\"_ _2b\"></span>nt\u2019 (equipment an<span class=\"_ _0\"></span>d motor veh<span class=\"_ _0\"></span>icles). T<span class=\"_ _2b\"></span>hose</div>\n<div class=\"t m0 x7 h4f y9b6 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>re recorded at<span class=\"_ _0\"></span> cost less<span class=\"_ _2b\"></span> accumulated <span class=\"_ _0\"></span>depreci<span class=\"_ _0\"></span>ation.<span class=\"_ _0\"></span> Rental</div>\n<div class=\"t m0 x7 h4f y9b7 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income,<span class=\"_ _0\"></span> net of any inc<span class=\"_ _0\"></span>entives<span class=\"_ _0\"></span> given to less<span class=\"lse2 wsfa\">ees, is recognised on a<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y9b8 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">straight<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">lin<span class=\"_ _0\"></span>e basis ov<span class=\"_ _2b\"></span>er the lease t<span class=\"_ _0\"></span>erm. Init<span class=\"_ _0\"></span>ial dire<span class=\"_ _2b\"></span>ct costs incur<span class=\"_ _2b\"></span>red by </span></span></div>\n<div class=\"t m0 x7 h4f y9b9 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas a<span class=\"_ _0\"></span>re added t<span class=\"_ _2b\"></span>o the carryin<span class=\"_ _0\"></span>g amount<span class=\"_ _0\"></span> of the l<span class=\"_ _0\"></span>eased a<span class=\"_ _0\"></span>sset and a<span class=\"_ _2b\"></span>re</div>\n<div class=\"t m0 x7 h4f y9ba ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as an<span class=\"_ _2b\"></span> expense over t<span class=\"_ _2b\"></span>he lease term o<span class=\"_ _0\"></span>n the sa<span class=\"_ _2b\"></span>me basis as the</div>\n<div class=\"t m0 x7 h4f y9bb ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rental inc<span class=\"_ _2b\"></span>ome.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d4 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d5 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">also entere<span class=\"_ _0\"></span>d into fi<span class=\"_ _0\"></span>nance l<span class=\"_ _0\"></span>ease tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _2b\"></span>ns, in which </span></span></div>\n<div class=\"t m0 x7 h4f y8d6 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">substant<span class=\"_ _2b\"></span>ially all the risks an<span class=\"_ _0\"></span>d rewards re<span class=\"_ _0\"></span>lated to ow<span class=\"_ _0\"></span>nershi<span class=\"_ _2b\"></span>p <span class=\"_ _2\"></span>of the le<span class=\"_ _2b\"></span>ased</div>\n<div class=\"t m0 x7 h4f y8d7 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets, <span class=\"_ _0\"></span>other t<span class=\"_ _0\"></span>han the l<span class=\"_ _0\"></span>egal tit<span class=\"_ _0\"></span>le, are t<span class=\"_ _2b\"></span>ransferred t<span class=\"_ _0\"></span>o the <span class=\"lse2 wsf1\">lessee<span class=\"lsf4 ws114\">. Assets </span></span></div>\n<div class=\"t m0 x1a h4f y8d8 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">leased u<span class=\"_ _0\"></span>nder a f<span class=\"_ _0\"></span>inance l<span class=\"_ _0\"></span>ease ar<span class=\"_ _0\"></span>e present<span class=\"_ _2b\"></span>ed as a rec<span class=\"wsf0\">eiv<span class=\"_ _0\"></span>able at an </span></div>\n<div class=\"t m0 x1a h4f y8d9 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount e<span class=\"_ _2b\"></span>qual to the net <span class=\"_ _2b\"></span>investment in<span class=\"_ _0\"></span> the leas<span class=\"_ _0\"></span>e. The n<span class=\"_ _0\"></span>et invest<span class=\"_ _2b\"></span>ment in</div>\n<div class=\"t m0 x1a h4f y9bc ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the leas<span class=\"_ _0\"></span>e compr<span class=\"_ _0\"></span>ises th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>e of the l<span class=\"_ _2b\"></span>ease payments<span class=\"_ _0\"></span> and any<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y9bd ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">residua<span class=\"_ _0\"></span>l value <span class=\"_ _0\"></span>guarant<span class=\"_ _0\"></span>ee. Th<span class=\"_ _0\"></span>e differe<span class=\"_ _2b\"></span>nce between th<span class=\"_ _2b\"></span>e asset and th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y9be ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">present<span class=\"_ _0\"></span> value of<span class=\"_ _0\"></span> the rec<span class=\"_ _0\"></span>eivabl<span class=\"_ _0\"></span>e is r<span class=\"wsf0\">ecog<span class=\"_ _2b\"></span>nised as unearned f<span class=\"_ _0\"></span>inance </span></div>\n<div class=\"t m0 x1a h4f y9bf ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">income. Finance<span class=\"_ _2\"></span> income is recognised over<span class=\"_ _2\"></span> the term of the lease based</div>\n<div class=\"t m0 x1a h4f y9c0 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on a patter<span class=\"_ _0\"></span>n reflect<span class=\"_ _0\"></span>ing a consta<span class=\"_ _0\"></span>nt period<span class=\"_ _2b\"></span>ic rate of return on th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y9c1 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding net <span class=\"_ _0\"></span>invest<span class=\"_ _2b\"></span>ment in the fin<span class=\"_ _0\"></span>ance le<span class=\"_ _0\"></span>ase. Init<span class=\"_ _2b\"></span>ial direct cost<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f y97e ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">incurre<span class=\"_ _0\"></span>d by Ageas ar<span class=\"lse2 wsfa\">e included in the i<span class=\"_ _2\"></span>nitial measurement o<span class=\"_ _2\"></span>f the net </span></div>\n<div class=\"t m0 x1a h4f y97f ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent in the lease and redu<span class=\"_ _2b\"></span>ce the amount of inc<span class=\"_ _0\"></span>ome recog<span class=\"_ _0\"></span>nised</div>\n<div class=\"t m0 x1a h4f y980 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">over th<span class=\"_ _0\"></span>e lease t<span class=\"_ _0\"></span>erm.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 ycb4 ffd1 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas as a<span class=\"_ _2\"></span> lessee<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycb5 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas l<span class=\"_ _0\"></span>eases lan<span class=\"_ _2b\"></span>d, buildings, e<span class=\"_ _2b\"></span>quipment an<span class=\"_ _0\"></span>d motor ve<span class=\"_ _2b\"></span>hicles. The l<span class=\"_ _0\"></span>ease</div>\n<div class=\"t m0 x1a h4f ycb6 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">terms are n<span class=\"_ _0\"></span>egotiat<span class=\"_ _2b\"></span>ed on an individual<span class=\"_ _0\"></span> basis and cont<span class=\"_ _0\"></span>ain a wide ran<span class=\"_ _0\"></span>ge of</div>\n<div class=\"t m0 x1a h4f ycb7 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">different term<span class=\"_ _2\"></span>s and conditions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y985 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y986 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A <span class=\"lse2 ws103\">si<span class=\"_ _2\"></span>ngle measurement model applie<span class=\"_ _2\"></span>s to assets leased under bot<span class=\"_ _2\"></span>h </span></div>\n<div class=\"t m0 x1a h4f y987 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operating and f<span class=\"_ _2\"></span>inance lease transactions, re<span class=\"_ _2\"></span>sulting in the recognition of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y988 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a right<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">use asset and a leas<span class=\"_ _2b\"></span>e liability.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y989 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y98a ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liability com<span class=\"_ _0\"></span>prises t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _2b\"></span>e of followin<span class=\"_ _0\"></span>g lease</div>\n<div class=\"t m0 x1a h4f y98b ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s that a<span class=\"_ _0\"></span>re not p<span class=\"_ _0\"></span>aid at t<span class=\"_ _0\"></span>he comme<span class=\"_ _0\"></span>ncement<span class=\"_ _0\"></span> date, <span class=\"_ _0\"></span>includi<span class=\"_ _0\"></span>ng leas<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y98c ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s to be made u<span class=\"_ _0\"></span>nder reaso<span class=\"_ _2b\"></span>nably certain exte<span class=\"_ _2b\"></span>nsion options:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98d ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 ws103\">F<span class=\"_ _2\"></span>ixed payments (including in</span><span class=\"ffcf\">-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">substance fixed pa<span class=\"_ _2\"></span>yments) <span class=\"ws103\">less any </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y98e ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease incentiv<span class=\"_ _2\"></span>es receivable;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98f ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 wsfa\">Va<span class=\"_ _2\"></span>riable lease paym<span class=\"_ _2\"></span>ents that depend <span class=\"_ _2\"></span>on an index or<span class=\"_ _2\"></span> a rate, initiall<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x6c h4f y990 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d using th<span class=\"_ _0\"></span>e index or rate as<span class=\"_ _0\"></span> at the comm<span class=\"_ _0\"></span>encement<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>dat<span class=\"_ _0\"></span>e;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y991 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">Amounts expect<span class=\"_ _0\"></span>ed to be payab<span class=\"_ _2b\"></span>le by Ageas under res<span class=\"_ _0\"></span>idual va<span class=\"_ _0\"></span>lue </span></span></div>\n<div class=\"t m0 x6c h4f y992 ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">guarantees;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y993 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse0 wsf0\">The exercise p<span class=\"lse2 wsfa\">rice of a purchas<span class=\"_ _2\"></span>e option if Ageas<span class=\"_ _2\"></span> is reasonably </span></span></span></div>\n<div class=\"t m0 x6c h4f y994 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n to exercis<span class=\"_ _0\"></span>e that opt<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f y995 ffd2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffd3\"> <span class=\"_ _46\"> </span><span class=\"ffcf lse2 ws103\">Pa<span class=\"_ _2\"></span>yments of penalties for<span class=\"_ _2\"></span> terminating the lease, if the<span class=\"_ _2\"></span> lease term </span></span></div>\n<div class=\"t m0 x6c h4f y996 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflects<span class=\"_ _0\"></span> Ageas exe<span class=\"_ _0\"></span>rcisin<span class=\"_ _0\"></span>g that optio<span class=\"_ _0\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y997 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c8 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liability is<span class=\"_ _0\"></span> discount<span class=\"_ _2b\"></span>ed applying th<span class=\"_ _0\"></span>e intere<span class=\"_ _2b\"></span>st rate implic<span class=\"_ _0\"></span>it in the<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y9c9 ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease. If that ra<span class=\"_ _2\"></span>te cannot be readily determi<span class=\"_ _2\"></span>ned, <span class=\"wsf1\">Ageas's <span class=\"lse0 wsef\">increment<span class=\"_ _0\"></span>al </span></span></div>\n<div class=\"t m0 x1a h4f y9ca ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">borrowing r<span class=\"_ _2\"></span>ate is applied. A<span class=\"_ _2\"></span>s incremental borro<span class=\"_ _2\"></span>wing rate, Ageas<span class=\"_ _2\"></span> applies</div>\n<div class=\"t m0 x1a h4f y9cb ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a globa<span class=\"_ _0\"></span>l availa<span class=\"_ _0\"></span>ble comp<span class=\"_ _0\"></span>osite cu<span class=\"_ _0\"></span>rve, whic<span class=\"_ _2b\"></span>h is based on a <span class=\"_ _0\"></span>sample of</div>\n<div class=\"t m0 x1a h4f y9cc ffcf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">existing secondar<span class=\"_ _2\"></span>y bonds from fina<span class=\"lse0 wsf0\">ncial issu<span class=\"_ _0\"></span>ers in the A rang<span class=\"_ _2b\"></span>e, </span></div>\n<div class=\"t m0 x1a h4f y9cd ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed by a risk premium. F<span class=\"_ _0\"></span>or car parks<span class=\"_ _0\"></span>, a risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">free rate equal to the<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f y9ce ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate swap f<span class=\"_ _0\"></span>or a similar du<span class=\"_ _0\"></span>ration,<span class=\"_ _0\"></span> increase<span class=\"_ _2b\"></span>d by a risk premium, is</div>\n<div class=\"t m0 x1a h4f y9cf ffcf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">applied. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9d0 ffcf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d1 ffcf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The carryin<span class=\"_ _2\"></span>g amount of the<span class=\"_ _2\"></span> lease liability s<span class=\"_ _2\"></span>ubsequently increases<span class=\"_ _2\"></span> <span class=\"lsf4 ws10c\">to </span></div>\n<div class=\"t m0 x1a h4f y9d2 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reflect i<span class=\"_ _2b\"></span>nterest on the <span class=\"_ _0\"></span>lease l<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> and red<span class=\"_ _2b\"></span>uces to reflect<span class=\"_ _2b\"></span> the lease</div>\n<div class=\"t m0 x1a h4f y9d3 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s made. The l<span class=\"_ _0\"></span>ease liabi<span class=\"_ _2b\"></span>lity is remeasur<span class=\"_ _0\"></span>ed in order to r<span class=\"_ _2b\"></span>eflect</div>\n<div class=\"t m0 x1a h4f y9d4 ffcf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease mod<span class=\"_ _2b\"></span>ifications or chan<span class=\"_ _2b\"></span>ges in the lease payme<span class=\"_ _0\"></span>nts, inc<span class=\"_ _0\"></span>luding a</div>\n<div class=\"t m0 x1a h4f y9d5 ffcf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">change i<span class=\"_ _0\"></span>n an inde<span class=\"_ _2b\"></span>x or a rate use<span class=\"_ _0\"></span>d to dete<span class=\"_ _0\"></span>rmin<span class=\"wsf0\">e thos<span class=\"_ _2b\"></span>e payments. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 766px; width: 349px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 247px; width: 349px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 331px; height: 771px; width: 349px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 299px; height: 252px; width: 349px; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>erest on t<span class=\"_ _2b\"></span>he lease lia<span class=\"_ _0\"></span>bility i<span class=\"_ _0\"></span>n each per<span class=\"_ _2b\"></span>iod represent<span class=\"_ _0\"></span>s the amo<span class=\"_ _2b\"></span>unt</div>\n<div class=\"t m0 x7 h4f y803 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that pr<span class=\"_ _0\"></span>oduces a c<span class=\"_ _2b\"></span>onstant perio<span class=\"_ _2b\"></span>dic rate of int<span class=\"_ _0\"></span>erest o<span class=\"_ _0\"></span>n the rem<span class=\"_ _0\"></span>aining</div>\n<div class=\"t m0 x7 h4f y804 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">balance of<span class=\"_ _0\"></span> the lease li<span class=\"_ _2b\"></span>ability. The inte<span class=\"_ _0\"></span>rest on the le<span class=\"_ _0\"></span>ase <span class=\"ls106 ws115\">liabi<span class=\"_ _0\"></span>lity is </span></div>\n<div class=\"t m0 x7 h4f y805 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent, together <span class=\"_ _0\"></span>with th<span class=\"_ _0\"></span>e varia<span class=\"_ _0\"></span>ble leas<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y806 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s not inclu<span class=\"_ _0\"></span>ded in the meas<span class=\"_ _2b\"></span>urement of the leas<span class=\"_ _2b\"></span>e liability in the</div>\n<div class=\"t m0 x7 h4f y807 ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period in<span class=\"_ _2\"></span> which the event or<span class=\"_ _2\"></span> condition that <span class=\"_ _2\"></span>triggers those p<span class=\"_ _2\"></span>ayments</div>\n<div class=\"t m0 x7 h4f y808 ffd4 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">occurs.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The right<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse1 ws11d\">use asset is <span class=\"_ _2\"></span><span class=\"ls102\">initially <span class=\"lse0 wsfa\">measured at c<span class=\"_ _2b\"></span>ost and compri<span class=\"_ _0\"></span>ses the </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y80b ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">initial l<span class=\"_ _2b\"></span>ease liability<span class=\"_ _2b\"></span> recognised, <span class=\"_ _0\"></span>adjusted <span class=\"_ _0\"></span>for any<span class=\"_ _0\"></span> lease p<span class=\"_ _0\"></span>ayments<span class=\"_ _0\"></span> made</div>\n<div class=\"t m0 x7 h4f y80c ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at or befor<span class=\"_ _0\"></span>e the comme<span class=\"_ _0\"></span>ncement<span class=\"_ _0\"></span> of the lease, any<span class=\"_ _0\"></span> lease ince<span class=\"_ _2b\"></span>ntives</div>\n<div class=\"t m0 x7 h4f y80d ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d, <span class=\"_ _2\"></span>any i<span class=\"_ _2b\"></span>nitial direct costs<span class=\"_ _0\"></span> incurr<span class=\"_ _0\"></span>ed by Ageas an<span class=\"_ _0\"></span>d an estim<span class=\"_ _0\"></span>ate of</div>\n<div class=\"t m0 x7 h4f y80e ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">t<span class=\"lse0 wsfa\">he costs t<span class=\"_ _0\"></span>o be inc<span class=\"_ _0\"></span>urred in <span class=\"_ _0\"></span>dismant<span class=\"_ _0\"></span>ling an<span class=\"_ _0\"></span>d removi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nderly<span class=\"_ _0\"></span>ing </span></div>\n<div class=\"t m0 x7 h4f y80f ffd4 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">asset. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y810 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90a ffd4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subsequently,<span class=\"_ _2\"></span> the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsf0\">use asset is meas<span class=\"_ _0\"></span>ured at cost<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>less<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y90b ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accumu<span class=\"_ _0\"></span>lated dep<span class=\"_ _0\"></span>reciat<span class=\"_ _0\"></span>ion and any i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent losses.<span class=\"_ _0\"></span> The right<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsef\">use </span></span></div>\n<div class=\"t m0 x7 h4f y90c ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">asset is<span class=\"_ _0\"></span> deprec<span class=\"_ _0\"></span>iated o<span class=\"_ _0\"></span>n a strai<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">line basis over the s<span class=\"_ _0\"></span>horter of t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y90d ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset\u2019s<span class=\"_ _0\"></span> useful lif<span class=\"_ _0\"></span>e and the leas<span class=\"_ _0\"></span>e term. Simi<span class=\"_ _0\"></span>lar to othe<span class=\"_ _0\"></span>r non<span class=\"ls0 ws0\">-</span><span class=\"wsef\">financ<span class=\"_ _2b\"></span>ial </span></div>\n<div class=\"t m0 x7 h4f y90e ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assets, a ri<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">use asset is impaired when<span class=\"_ _2\"></span> its carrying amount </span></span></span></div>\n<div class=\"t m0 x7 h4f y90f ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">exceeds it<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">recov<span class=\"_ _0\"></span>erable a<span class=\"_ _0\"></span>mount. Th<span class=\"_ _0\"></span>e depreci<span class=\"_ _0\"></span>ation of the ri<span class=\"_ _2b\"></span>ght<span class=\"ls0 ws0\">-</span><span class=\"wsef\">of<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">us<span class=\"_ _2\"></span>e </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y910 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset and r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion of any<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">imp<span class=\"_ _0\"></span>airment<span class=\"_ _0\"></span> loss is <span class=\"_ _0\"></span>recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y911 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y912 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y913 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In case of<span class=\"_ _2b\"></span> remeasurem<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e lease l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>y<span class=\"ls0 ws0\">, </span><span class=\"wsf0\">to reflect leas<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y914 ffd4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">modification<span class=\"_ _2\"></span>s or changes in the lease payment<span class=\"_ _2\"></span>s, the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsf0\">use asset is </span></span></div>\n<div class=\"t m0 x7 h4f y915 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed for this<span class=\"_ _0\"></span> reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y916 ffd4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y917 ffd4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">measurement<span class=\"_ _0\"></span> model abo<span class=\"_ _0\"></span>ve is not app<span class=\"_ _0\"></span>lied to leas<span class=\"_ _0\"></span>es of asset<span class=\"_ _0\"></span> that are </span></div>\n<div class=\"t m0 x7 h4f y918 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of low v<span class=\"_ _0\"></span>alue to A<span class=\"_ _0\"></span>geas or t<span class=\"_ _2b\"></span>o short<span class=\"ls0 ws0\">-</span>term leas<span class=\"_ _0\"></span>es, of wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e lease t<span class=\"_ _0\"></span>erm at</div>\n<div class=\"t m0 x7 h4f y919 ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">commenc<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> the lea<span class=\"_ _0\"></span>se is 12 m<span class=\"_ _2b\"></span>onths or less. F<span class=\"_ _2b\"></span>or those leas<span class=\"_ _0\"></span>es, the</div>\n<div class=\"t m0 x7 h4f y91a ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease paym<span class=\"_ _2b\"></span>ents made are rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d as an expe<span class=\"wsfa\">ns<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e income </span></div>\n<div class=\"t m0 x7 h4f y91b ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt on a <span class=\"_ _2\"></span>st<span class=\"_ _0\"></span>raight<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">lin<span class=\"_ _0\"></span>e basis ov<span class=\"_ _2b\"></span>er the lease t<span class=\"_ _0\"></span>erm<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 514px; width: 354px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 519px; width: 354px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag501": {
   "value": "\n<div class=\"t m0 x7 h55 y968 ffd6 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Cash flo<span class=\"_ _0\"></span>w statem<span class=\"_ _2b\"></span>ent<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y969 ffd4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Lease paym<span class=\"_ _2b\"></span>ents are present<span class=\"_ _0\"></span>ed as cash fl<span class=\"_ _0\"></span>ows from op<span class=\"_ _0\"></span>erating act<span class=\"_ _2b\"></span>ivities in</div>\n<div class=\"t m0 x7 h4f y96a ffd4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cons<span class=\"_ _0\"></span>olidate<span class=\"_ _2b\"></span>d cash flow st<span class=\"_ _0\"></span>atement,<span class=\"_ _0\"></span> as part <span class=\"_ _0\"></span>of \u2018borr<span class=\"_ _0\"></span>owings\u2019.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 520px; height: 51px; width: 354px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag505": {
   "value": "\n<div class=\"t m0 x7 h55 y802 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other rece<span class=\"_ _2b\"></span>ivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Other re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _2b\"></span>es arising from<span class=\"_ _0\"></span> the no<span class=\"_ _0\"></span>rmal cou<span class=\"_ _0\"></span>rse of bus<span class=\"_ _2b\"></span>iness and</div>\n<div class=\"t m0 x7 h4f y804 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">origin<span class=\"_ _0\"></span>ated by Agea<span class=\"_ _0\"></span>s are initia<span class=\"_ _0\"></span>lly reco<span class=\"_ _0\"></span>rded at fair v<span class=\"_ _0\"></span>alue and sub<span class=\"_ _0\"></span>sequent<span class=\"_ _2b\"></span>ly</div>\n<div class=\"t m0 x7 h4f y805 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at amort<span class=\"_ _0\"></span>ised cost us<span class=\"_ _0\"></span>ing the eff<span class=\"_ _2b\"></span>ective interest met<span class=\"_ _2b\"></span>hod,<span class=\"ls0 ws0\"> </span><span class=\"lse1\">less </span></div>\n<div class=\"t m0 x7 h4f y806 ffd8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ents.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 1024px; height: 83px; width: 346px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag498": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f yc7b ffd8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.10<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span>Deferred<span class=\"_ _2\"></span> acquisition<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse1 ws11d\">costs (DAC)</span> </span></div>\n<div class=\"t m0 x7 h55 yc7c ffda fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7d ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The costs of<span class=\"_ _0\"></span> new and rene<span class=\"_ _2b\"></span>wed insurance bus<span class=\"_ _0\"></span>iness, al<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>of whic<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>var<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x7 h4f yc7e ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with and pri<span class=\"_ _2b\"></span>marily are related t<span class=\"_ _0\"></span>o the produc<span class=\"_ _0\"></span>tion of new<span class=\"_ _0\"></span> business<span class=\"_ _0\"></span>, are</div>\n<div class=\"t m0 x7 h4f yc7f ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deferre<span class=\"_ _0\"></span>d and amort<span class=\"_ _2b\"></span>ised, resulting in <span class=\"ls0 ws0\">d<span class=\"lse2 wsf1\">eferred </span>a<span class=\"lsfb wsfa\">cqu<span class=\"_ _2\"></span>is<span class=\"ls106 ws124\">ition </span></span>c<span class=\"lsf4 ws114\">osts (DAC). </span></span></div>\n<div class=\"t m0 x7 h4f yc80 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">DAC princ<span class=\"_ _0\"></span>ipally in<span class=\"_ _0\"></span>cludes c<span class=\"_ _0\"></span>ommiss<span class=\"_ _0\"></span>ions, und<span class=\"_ _0\"></span>erwriti<span class=\"_ _0\"></span>ng, agenc<span class=\"_ _0\"></span>y and policy<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yc81 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issue exp<span class=\"_ _0\"></span>enses. The m<span class=\"_ _2b\"></span>ethod for amortisat<span class=\"_ _2b\"></span>ion is based on expect<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f yc82 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earned pre<span class=\"_ _2b\"></span>mium or estimated g<span class=\"_ _2b\"></span>ross profit margin<span class=\"_ _0\"></span>s. DAC are per<span class=\"_ _2b\"></span>iodically</div>\n<div class=\"t m0 x7 h4f yc83 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reviewe<span class=\"_ _2b\"></span>d to ensure thei<span class=\"_ _2b\"></span>r recove<span class=\"lse2 ws103\">rability based on es<span class=\"_ _2\"></span>timates of future </span></div>\n<div class=\"t m0 x7 h4f yc84 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">profits of<span class=\"_ _0\"></span> the under<span class=\"_ _0\"></span>lying cont<span class=\"_ _0\"></span>racts. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yccf ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in pr<span class=\"_ _0\"></span>oportio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>to ant<span class=\"_ _2b\"></span>icipated premiu<span class=\"_ _0\"></span>ms<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycd0 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For life ins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment <span class=\"lse2 wsf1\">products<span class=\"wsfa\">, both wit<span class=\"_ _2\"></span>hout Discretionary </span></span></div>\n<div class=\"t m0 x7 h4f ycd1 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span>eatures, DAC<span class=\"_ _0\"></span> is amort<span class=\"_ _2b\"></span>ised in proport<span class=\"_ _2b\"></span>ion to <span class=\"wsf0\">the antic<span class=\"_ _0\"></span>ipated </span></div>\n<div class=\"t m0 x7 h4f ycd2 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms. Assum<span class=\"_ _0\"></span>ptions as t<span class=\"_ _0\"></span>o anticipa<span class=\"_ _2b\"></span>ted premiums are est<span class=\"_ _2b\"></span>imated at the</div>\n<div class=\"t m0 x7 h4f ycd3 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of pol<span class=\"_ _0\"></span>icy issuanc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d are consis<span class=\"_ _2b\"></span>tently applied du<span class=\"_ _0\"></span>ring the lif<span class=\"_ _0\"></span>e of the</div>\n<div class=\"t m0 x7 h4f y9a4 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s. Deviations f<span class=\"_ _0\"></span>rom estim<span class=\"_ _0\"></span>ated exper<span class=\"_ _2b\"></span>ience are reflect<span class=\"_ _0\"></span>ed in the</div>\n<div class=\"t m0 x7 h4f y9a5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement in the peri<span class=\"_ _0\"></span>od such devi<span class=\"_ _0\"></span>ations oc<span class=\"_ _0\"></span>cur. For thes<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y9a6 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts, DAC i<span class=\"_ _2\"></span>s generally amortised for<span class=\"_ _2\"></span> the total life of the policy.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ycd4 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in lin<span class=\"_ _2b\"></span>e with Estimated Gr<span class=\"_ _2b\"></span>oss Profit (EGP) m<span class=\"_ _0\"></span>argin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycd5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For life ins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">products<span class=\"wsfa\">, both wi<span class=\"_ _2\"></span>th Discretionary </span></span></span></div>\n<div class=\"t m0 x7 h4f ycd6 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">ea<span class=\"_ _2\"></span>tures, DAC is amortised over the<span class=\"_ _2\"></span> expected life of the </span></div>\n<div class=\"t m0 x7 h4f ycd7 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>bas<span class=\"_ _2b\"></span>ed on the present val<span class=\"_ _0\"></span>ue of the estim<span class=\"_ _0\"></span>ated gross<span class=\"_ _0\"></span> profit</div>\n<div class=\"t m0 x7 h4f ycd8 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">margin or p<span class=\"_ _0\"></span>rofit amou<span class=\"_ _0\"></span>nts using t<span class=\"_ _0\"></span>he expect<span class=\"_ _0\"></span>ed invest<span class=\"_ _0\"></span>ment yie<span class=\"_ _0\"></span>ld. Estim<span class=\"_ _2b\"></span>ated</div>\n<div class=\"t m0 x7 h4f ycd9 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">gross profit<span class=\"_ _2\"></span> margin includes anticipated<span class=\"_ _2\"></span> premiums and investm<span class=\"lse0 wsf0\">ent result </span></div>\n<div class=\"t m0 x7 h4f ycda ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">less benef<span class=\"_ _0\"></span>its and adm<span class=\"_ _0\"></span>inistr<span class=\"_ _0\"></span>ative exp<span class=\"_ _0\"></span>enses, ch<span class=\"_ _2b\"></span>anges in the net level</div>\n<div class=\"t m0 x7 h4f ycdb ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">premium reserv<span class=\"_ _2\"></span>e and expected policyholder<span class=\"_ _2\"></span> dividend, as appropriate.</div>\n<div class=\"t m0 x7 h4f ycdc ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deviations of ac<span class=\"_ _2\"></span>tual results from estimated<span class=\"_ _2\"></span> experience are reflected in<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yc86 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement in t<span class=\"_ _2b\"></span>he period in<span class=\"ls0 ws0\"> </span>whic<span class=\"_ _2b\"></span>h such deviati<span class=\"_ _0\"></span>ons occ<span class=\"_ _0\"></span>ur. DAC</div>\n<div class=\"t m0 x7 h4f yc87 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is adjuste<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r the amortis<span class=\"_ _0\"></span>ation eff<span class=\"_ _2b\"></span>ect of unrealised g<span class=\"_ _0\"></span>ains (loss<span class=\"_ _0\"></span>es)</div>\n<div class=\"t m0 x7 h4f yc88 ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recorded i<span class=\"_ _2\"></span>n equity as if t<span class=\"_ _2\"></span>hey were realised w<span class=\"_ _2\"></span>ith the related <span class=\"_ _2\"></span>adjustment to</div>\n<div class=\"t m0 x7 h4f yc89 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unreal<span class=\"_ _0\"></span>ised gains (<span class=\"_ _0\"></span>losses<span class=\"_ _0\"></span>) in equity.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ycdd ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in lin<span class=\"_ _2b\"></span>e with earned premi<span class=\"_ _0\"></span>ums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycde ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For short d<span class=\"_ _0\"></span>uration c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s, DAC is amo<span class=\"_ _0\"></span>rtised ov<span class=\"_ _0\"></span>er the perio<span class=\"_ _0\"></span>d in which</div>\n<div class=\"t m0 x7 h4f ycdf ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the related pre<span class=\"_ _2\"></span>miums written are earned. Fu<span class=\"_ _2\"></span>ture investment income is</div>\n<div class=\"t m0 x7 h4f yce0 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>red (at a risk<span class=\"ls0 ws0\">-</span>free rate of ret<span class=\"_ _2b\"></span>urn) in assessin<span class=\"_ _0\"></span>g the recov<span class=\"_ _0\"></span>erabili<span class=\"_ _0\"></span>ty</div>\n<div class=\"t m0 x7 h4f yce1 ffd8 fs3a fc14 sc0 lsfa ws11e\" style=\"z-index: 15;\">of DAC.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yce2 ffda fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation i<span class=\"_ _0\"></span>n line wit<span class=\"_ _2b\"></span>h <span class=\"lse2\">rel<span class=\"_ _2\"></span>ated revenues of<span class=\"_ _2\"></span> service provided<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yce3 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Some inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>hout Di<span class=\"_ _2b\"></span>scretionary P<span class=\"_ _0\"></span>artici<span class=\"_ _0\"></span>pation F<span class=\"_ _0\"></span>eatures<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yce4 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issued by in<span class=\"_ _0\"></span>suranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>ities inv<span class=\"_ _0\"></span>olve both<span class=\"_ _0\"></span> the origin<span class=\"_ _0\"></span>ation of a fi<span class=\"_ _0\"></span>nancial</div>\n<div class=\"t m0 x1a h4f yce5 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent and t<span class=\"_ _2b\"></span>he provision <span class=\"_ _0\"></span>of invest<span class=\"_ _2b\"></span>ment managem<span class=\"_ _0\"></span>ent servi<span class=\"_ _0\"></span>ces.</div>\n<div class=\"t m0 x1a h4f yce6 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Where clear<span class=\"lse0 wsfa\">ly identifia<span class=\"_ _2b\"></span>ble, the increm<span class=\"_ _2b\"></span>ental costs r<span class=\"_ _0\"></span>elating<span class=\"_ _0\"></span> to the ri<span class=\"_ _0\"></span>ght to </span></div>\n<div class=\"t m0 x1a h4f yce7 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt management se<span class=\"_ _0\"></span>rvices a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised as an asset<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yce8 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are amo<span class=\"_ _0\"></span>rtised as the r<span class=\"_ _2b\"></span>elated revenues a<span class=\"_ _2b\"></span>re recognised. Th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>relat<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f yce9 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset is tested fo<span class=\"_ _0\"></span>r recover<span class=\"_ _2b\"></span>ability at each rep<span class=\"_ _0\"></span>orting dat<span class=\"_ _0\"></span>e. Fee</div>\n<div class=\"t m0 x1a h4f ycea ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">charges fo<span class=\"_ _2\"></span>r managing investment<span class=\"_ _2\"></span>s on these con<span class=\"_ _2\"></span>tracts are recognised<span class=\"_ _2\"></span> as</div>\n<div class=\"t m0 x1a h4f yceb ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">revenue as the<span class=\"_ _2\"></span> services are provided.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 89px; width: 351px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 687px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 94px; width: 351px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 692px; width: 351px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredAcquisitionCostsArisingFromInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag495": {
   "value": "\n<div class=\"t m0 x7 h4f yc7b ffd8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.10<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span>Deferred<span class=\"_ _2\"></span> acquisition<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse1 ws11d\">costs (DAC)</span> </span></div>\n<div class=\"t m0 x7 h55 yc7c ffda fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7d ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The costs of<span class=\"_ _0\"></span> new and rene<span class=\"_ _2b\"></span>wed insurance bus<span class=\"_ _0\"></span>iness, al<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>of whic<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>var<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x7 h4f yc7e ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with and pri<span class=\"_ _2b\"></span>marily are related t<span class=\"_ _0\"></span>o the produc<span class=\"_ _0\"></span>tion of new<span class=\"_ _0\"></span> business<span class=\"_ _0\"></span>, are</div>\n<div class=\"t m0 x7 h4f yc7f ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deferre<span class=\"_ _0\"></span>d and amort<span class=\"_ _2b\"></span>ised, resulting in <span class=\"ls0 ws0\">d<span class=\"lse2 wsf1\">eferred </span>a<span class=\"lsfb wsfa\">cqu<span class=\"_ _2\"></span>is<span class=\"ls106 ws124\">ition </span></span>c<span class=\"lsf4 ws114\">osts (DAC). </span></span></div>\n<div class=\"t m0 x7 h4f yc80 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">DAC princ<span class=\"_ _0\"></span>ipally in<span class=\"_ _0\"></span>cludes c<span class=\"_ _0\"></span>ommiss<span class=\"_ _0\"></span>ions, und<span class=\"_ _0\"></span>erwriti<span class=\"_ _0\"></span>ng, agenc<span class=\"_ _0\"></span>y and policy<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yc81 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issue exp<span class=\"_ _0\"></span>enses. The m<span class=\"_ _2b\"></span>ethod for amortisat<span class=\"_ _2b\"></span>ion is based on expect<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f yc82 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earned pre<span class=\"_ _2b\"></span>mium or estimated g<span class=\"_ _2b\"></span>ross profit margin<span class=\"_ _0\"></span>s. DAC are per<span class=\"_ _2b\"></span>iodically</div>\n<div class=\"t m0 x7 h4f yc83 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reviewe<span class=\"_ _2b\"></span>d to ensure thei<span class=\"_ _2b\"></span>r recove<span class=\"lse2 ws103\">rability based on es<span class=\"_ _2\"></span>timates of future </span></div>\n<div class=\"t m0 x7 h4f yc84 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">profits of<span class=\"_ _0\"></span> the under<span class=\"_ _0\"></span>lying cont<span class=\"_ _0\"></span>racts. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yccf ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in pr<span class=\"_ _0\"></span>oportio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>to ant<span class=\"_ _2b\"></span>icipated premiu<span class=\"_ _0\"></span>ms<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycd0 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For life ins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment <span class=\"lse2 wsf1\">products<span class=\"wsfa\">, both wit<span class=\"_ _2\"></span>hout Discretionary </span></span></div>\n<div class=\"t m0 x7 h4f ycd1 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span>eatures, DAC<span class=\"_ _0\"></span> is amort<span class=\"_ _2b\"></span>ised in proport<span class=\"_ _2b\"></span>ion to <span class=\"wsf0\">the antic<span class=\"_ _0\"></span>ipated </span></div>\n<div class=\"t m0 x7 h4f ycd2 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms. Assum<span class=\"_ _0\"></span>ptions as t<span class=\"_ _0\"></span>o anticipa<span class=\"_ _2b\"></span>ted premiums are est<span class=\"_ _2b\"></span>imated at the</div>\n<div class=\"t m0 x7 h4f ycd3 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date of pol<span class=\"_ _0\"></span>icy issuanc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d are consis<span class=\"_ _2b\"></span>tently applied du<span class=\"_ _0\"></span>ring the lif<span class=\"_ _0\"></span>e of the</div>\n<div class=\"t m0 x7 h4f y9a4 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s. Deviations f<span class=\"_ _0\"></span>rom estim<span class=\"_ _0\"></span>ated exper<span class=\"_ _2b\"></span>ience are reflect<span class=\"_ _0\"></span>ed in the</div>\n<div class=\"t m0 x7 h4f y9a5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement in the peri<span class=\"_ _0\"></span>od such devi<span class=\"_ _0\"></span>ations oc<span class=\"_ _0\"></span>cur. For thes<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y9a6 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts, DAC i<span class=\"_ _2\"></span>s generally amortised for<span class=\"_ _2\"></span> the total life of the policy.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ycd4 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in lin<span class=\"_ _2b\"></span>e with Estimated Gr<span class=\"_ _2b\"></span>oss Profit (EGP) m<span class=\"_ _0\"></span>argin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycd5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For life ins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">products<span class=\"wsfa\">, both wi<span class=\"_ _2\"></span>th Discretionary </span></span></span></div>\n<div class=\"t m0 x7 h4f ycd6 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">ea<span class=\"_ _2\"></span>tures, DAC is amortised over the<span class=\"_ _2\"></span> expected life of the </span></div>\n<div class=\"t m0 x7 h4f ycd7 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>bas<span class=\"_ _2b\"></span>ed on the present val<span class=\"_ _0\"></span>ue of the estim<span class=\"_ _0\"></span>ated gross<span class=\"_ _0\"></span> profit</div>\n<div class=\"t m0 x7 h4f ycd8 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">margin or p<span class=\"_ _0\"></span>rofit amou<span class=\"_ _0\"></span>nts using t<span class=\"_ _0\"></span>he expect<span class=\"_ _0\"></span>ed invest<span class=\"_ _0\"></span>ment yie<span class=\"_ _0\"></span>ld. Estim<span class=\"_ _2b\"></span>ated</div>\n<div class=\"t m0 x7 h4f ycd9 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">gross profit<span class=\"_ _2\"></span> margin includes anticipated<span class=\"_ _2\"></span> premiums and investm<span class=\"lse0 wsf0\">ent result </span></div>\n<div class=\"t m0 x7 h4f ycda ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">less benef<span class=\"_ _0\"></span>its and adm<span class=\"_ _0\"></span>inistr<span class=\"_ _0\"></span>ative exp<span class=\"_ _0\"></span>enses, ch<span class=\"_ _2b\"></span>anges in the net level</div>\n<div class=\"t m0 x7 h4f ycdb ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">premium reserv<span class=\"_ _2\"></span>e and expected policyholder<span class=\"_ _2\"></span> dividend, as appropriate.</div>\n<div class=\"t m0 x7 h4f ycdc ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deviations of ac<span class=\"_ _2\"></span>tual results from estimated<span class=\"_ _2\"></span> experience are reflected in<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yc86 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement in t<span class=\"_ _2b\"></span>he period in<span class=\"ls0 ws0\"> </span>whic<span class=\"_ _2b\"></span>h such deviati<span class=\"_ _0\"></span>ons occ<span class=\"_ _0\"></span>ur. DAC</div>\n<div class=\"t m0 x7 h4f yc87 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">is adjuste<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>fo<span class=\"_ _0\"></span>r the amortis<span class=\"_ _0\"></span>ation eff<span class=\"_ _2b\"></span>ect of unrealised g<span class=\"_ _0\"></span>ains (loss<span class=\"_ _0\"></span>es)</div>\n<div class=\"t m0 x7 h4f yc88 ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">recorded i<span class=\"_ _2\"></span>n equity as if t<span class=\"_ _2\"></span>hey were realised w<span class=\"_ _2\"></span>ith the related <span class=\"_ _2\"></span>adjustment to</div>\n<div class=\"t m0 x7 h4f yc89 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unreal<span class=\"_ _0\"></span>ised gains (<span class=\"_ _0\"></span>losses<span class=\"_ _0\"></span>) in equity.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 ycdd ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation in lin<span class=\"_ _2b\"></span>e with earned premi<span class=\"_ _0\"></span>ums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycde ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For short d<span class=\"_ _0\"></span>uration c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s, DAC is amo<span class=\"_ _0\"></span>rtised ov<span class=\"_ _0\"></span>er the perio<span class=\"_ _0\"></span>d in which</div>\n<div class=\"t m0 x7 h4f ycdf ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the related pre<span class=\"_ _2\"></span>miums written are earned. Fu<span class=\"_ _2\"></span>ture investment income is</div>\n<div class=\"t m0 x7 h4f yce0 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>red (at a risk<span class=\"ls0 ws0\">-</span>free rate of ret<span class=\"_ _2b\"></span>urn) in assessin<span class=\"_ _0\"></span>g the recov<span class=\"_ _0\"></span>erabili<span class=\"_ _0\"></span>ty</div>\n<div class=\"t m0 x7 h4f yce1 ffd8 fs3a fc14 sc0 lsfa ws11e\" style=\"z-index: 15;\">of DAC.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yce2 ffda fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation i<span class=\"_ _0\"></span>n line wit<span class=\"_ _2b\"></span>h <span class=\"lse2\">rel<span class=\"_ _2\"></span>ated revenues of<span class=\"_ _2\"></span> service provided<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yce3 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Some inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> contr<span class=\"_ _0\"></span>acts wit<span class=\"_ _0\"></span>hout Di<span class=\"_ _2b\"></span>scretionary P<span class=\"_ _0\"></span>artici<span class=\"_ _0\"></span>pation F<span class=\"_ _0\"></span>eatures<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yce4 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">issued by in<span class=\"_ _0\"></span>suranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>ities inv<span class=\"_ _0\"></span>olve both<span class=\"_ _0\"></span> the origin<span class=\"_ _0\"></span>ation of a fi<span class=\"_ _0\"></span>nancial</div>\n<div class=\"t m0 x1a h4f yce5 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent and t<span class=\"_ _2b\"></span>he provision <span class=\"_ _0\"></span>of invest<span class=\"_ _2b\"></span>ment managem<span class=\"_ _0\"></span>ent servi<span class=\"_ _0\"></span>ces.</div>\n<div class=\"t m0 x1a h4f yce6 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Where clear<span class=\"lse0 wsfa\">ly identifia<span class=\"_ _2b\"></span>ble, the increm<span class=\"_ _2b\"></span>ental costs r<span class=\"_ _0\"></span>elating<span class=\"_ _0\"></span> to the ri<span class=\"_ _0\"></span>ght to </span></div>\n<div class=\"t m0 x1a h4f yce7 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt management se<span class=\"_ _0\"></span>rvices a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised as an asset<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yce8 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are amo<span class=\"_ _0\"></span>rtised as the r<span class=\"_ _2b\"></span>elated revenues a<span class=\"_ _2b\"></span>re recognised. Th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>relat<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f yce9 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble asset is tested fo<span class=\"_ _0\"></span>r recover<span class=\"_ _2b\"></span>ability at each rep<span class=\"_ _0\"></span>orting dat<span class=\"_ _0\"></span>e. Fee</div>\n<div class=\"t m0 x1a h4f ycea ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">charges fo<span class=\"_ _2\"></span>r managing investment<span class=\"_ _2\"></span>s on these con<span class=\"_ _2\"></span>tracts are recognised<span class=\"_ _2\"></span> as</div>\n<div class=\"t m0 x1a h4f yceb ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">revenue as the<span class=\"_ _2\"></span> services are provided.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 1008px; height: 89px; width: 351px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 687px; width: 351px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCustomerAcquisitionCostsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag503": {
   "value": "\n<div class=\"t m0 x1a h4f ycec ffd8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.11 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"ls102 ws11d\">Liabilities </span></span>ari<span class=\"_ _2\"></span>sing<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">from (re)ins<span class=\"_ _2\"></span>urance and investmen<span class=\"_ _2\"></span>t contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yced ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The liab<span class=\"_ _0\"></span>ilities <span class=\"_ _0\"></span>arisin<span class=\"_ _0\"></span>g from (r<span class=\"_ _2b\"></span>e)insurance a<span class=\"_ _0\"></span>nd invest<span class=\"_ _2b\"></span>ment <span class=\"wsf0\">contract<span class=\"_ _0\"></span>s relat<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x1a h4f ycee ffd8 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycef ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x1a h4f ycf0 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse2 ws103\">R<span class=\"_ _2\"></span>einsurance contracts</span><span class=\"ffd8\">; </span></span></div>\n<div class=\"t m0 x1a h4f ycf1 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts with Dis<span class=\"_ _2b\"></span>cretionary Pa<span class=\"_ _2b\"></span>rticipation Fe<span class=\"_ _0\"></span>atures </span></span></div>\n<div class=\"t m0 x6c h4f ycf2 ffd8 fs3a fc14 sc0 ls105 ws120\" style=\"z-index: 15;\">(DPF)<span class=\"_ _2\"></span><span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f ycf3 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts witho<span class=\"_ _0\"></span>ut DPF.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h55 ycf4 ffda fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Classif<span class=\"_ _0\"></span>ication of<span class=\"_ _0\"></span> contract<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycf5 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Policy<span class=\"_ _0\"></span>holder lia<span class=\"_ _2b\"></span>bilities are class<span class=\"_ _2b\"></span>ified based on the <span class=\"lse2 wsfa\">underlying insurance </span></div>\n<div class=\"t m0 x1a h4f ycf6 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> featur<span class=\"_ _2b\"></span>es and the speci<span class=\"_ _0\"></span>fied r<span class=\"_ _0\"></span>isks of t<span class=\"_ _0\"></span>hese cont<span class=\"_ _2b\"></span>racts:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycf7 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Insurance con<span class=\"_ _0\"></span>tracts<span class=\"_ _0\"></span> are thos<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts in w<span class=\"_ _0\"></span>hich Ag<span class=\"_ _0\"></span>eas has </span></span></div>\n<div class=\"t m0 x6c h4f ycf8 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">accepted signi<span class=\"_ _2\"></span>ficant insurance risk from<span class=\"_ _2\"></span> another party (the</div>\n<div class=\"t m0 x6c h4f ycf9 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">policyholder)<span class=\"_ _2\"></span> by agreeing to compensate the<span class=\"_ _2\"></span> policyhold<span class=\"lse0 wsf0\">er if a </span></div>\n<div class=\"t m0 x6c h4f ycfa ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">specifi<span class=\"_ _0\"></span>ed uncert<span class=\"_ _0\"></span>ain fut<span class=\"_ _0\"></span>ure event (t<span class=\"_ _0\"></span>he insure<span class=\"_ _0\"></span>d event) adv<span class=\"_ _2b\"></span>ersely</div>\n<div class=\"t m0 x6c h4f ycfb ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">affects t<span class=\"_ _2b\"></span>he policyhold<span class=\"_ _2b\"></span>er. Insurance <span class=\"_ _0\"></span>risk is s<span class=\"_ _0\"></span>ignifi<span class=\"_ _0\"></span>cant if, a<span class=\"_ _2b\"></span>nd only if,</div>\n<div class=\"t m0 x6c h4f ycfc ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an insure<span class=\"_ _0\"></span>d event cou<span class=\"_ _0\"></span>ld cause an i<span class=\"_ _0\"></span>nsurer to pa<span class=\"_ _0\"></span>y signific<span class=\"_ _2b\"></span>ant additiona<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x6c h4f ycfd ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefits in any<span class=\"_ _2\"></span> scenario, excluding scenar<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">ios t<span class=\"_ _2b\"></span>hat lack comm<span class=\"_ _2b\"></span>ercial </span></div>\n<div class=\"t m0 x6c h4f ycfe ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">substan<span class=\"_ _0\"></span>ce (i.e. hav<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>no di<span class=\"_ _0\"></span>scernib<span class=\"_ _0\"></span>le effect on t<span class=\"_ _0\"></span>he econo<span class=\"_ _0\"></span>mics of the</div>\n<div class=\"t m0 x6c h4f ycff ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion). Insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>racts ca<span class=\"_ _0\"></span>n also t<span class=\"_ _0\"></span>ransfer f<span class=\"_ _2b\"></span>inancial risk<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd00 ffdb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffdc\"> <span class=\"_ _46\"> </span><span class=\"ffd8 lse0 wsfa\">Investment co<span class=\"_ _2b\"></span>ntracts (with o<span class=\"_ _0\"></span>r without<span class=\"_ _0\"></span> DPF) a<span class=\"_ _0\"></span>re those c<span class=\"_ _2b\"></span>ontracts that<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x6c h4f yd01 ffd8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">transfer si<span class=\"_ _2\"></span>gnificant financi<span class=\"ws103\">al ri<span class=\"_ _2\"></span>sk. Financial risk is the ri<span class=\"_ _2\"></span>sk of a </span></div>\n<div class=\"t m0 x6c h4f yd02 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">possibl<span class=\"_ _0\"></span>e future ch<span class=\"_ _0\"></span>ange in one or m<span class=\"_ _0\"></span>ore of a spec<span class=\"_ _0\"></span>ified int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>e,</div>\n<div class=\"t m0 x6c h4f yd03 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>strument price, commodity pri<span class=\"_ _2\"></span>ce, foreign exchange rate<span class=\"_ _2\"></span>,</div>\n<div class=\"t m0 x6c h4f yd04 ffd8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">index of price or<span class=\"_ _2\"></span> rates, credit<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">rating or credit<span class=\"_ _0\"></span> index or oth<span class=\"_ _2b\"></span>er variable, </span></span></div>\n<div class=\"t m0 x6c h4f yd05 ffd8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provi<span class=\"wsfa\">di<span class=\"_ _0\"></span>ng in the <span class=\"_ _0\"></span>case of a<span class=\"_ _0\"></span> non<span class=\"ls0 ws0\">-</span>financ<span class=\"_ _2b\"></span>ial variable t<span class=\"_ _0\"></span>hat the <span class=\"_ _0\"></span>variabl<span class=\"_ _0\"></span>e is </span></div>\n<div class=\"t m0 x6c h4f yd06 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not spec<span class=\"_ _0\"></span>ific to a <span class=\"_ _2b\"></span>party of the co<span class=\"_ _2b\"></span>ntract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd07 ffd8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd08 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Once a co<span class=\"_ _0\"></span>ntract <span class=\"_ _2b\"></span>has been classif<span class=\"_ _0\"></span>ied as a<span class=\"_ _0\"></span>n insura<span class=\"_ _0\"></span>nce co<span class=\"_ _0\"></span>ntract, i<span class=\"_ _0\"></span>t rema<span class=\"_ _0\"></span>ins</div>\n<div class=\"t m0 x1a h4f yd09 ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an insura<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act for the re<span class=\"_ _0\"></span>maind<span class=\"_ _0\"></span>er of its lifeti<span class=\"_ _2b\"></span>me, even if the</div>\n<div class=\"t m0 x1a h4f y8c6 ffd8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">insura<span class=\"wsfa\">nce ri<span class=\"_ _2\"></span>sk reduce<span class=\"ls0 ws0\">d <span class=\"lse0 wsf0\">significantly<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>duri<span class=\"_ _2b\"></span>ng this period, unl<span class=\"_ _0\"></span>ess all right<span class=\"_ _0\"></span>s </span></span></span></div>\n<div class=\"t m0 x1a h4f yd0a ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and oblig<span class=\"_ _0\"></span>ations ar<span class=\"_ _2b\"></span>e extinguished or ex<span class=\"_ _2b\"></span>pired. Investm<span class=\"_ _0\"></span>ent contr<span class=\"_ _0\"></span>acts can,</div>\n<div class=\"t m0 x1a h4f yd0b ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">however,<span class=\"_ _0\"></span> be reclas<span class=\"_ _2b\"></span>sified as insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>cont<span class=\"_ _0\"></span>racts aft<span class=\"_ _2b\"></span>er inception if</div>\n<div class=\"t m0 x1a h4f yd0c ffd8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce risk bec<span class=\"_ _2b\"></span>omes significant<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd0d ffd8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd0e ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts, r<span class=\"_ _2b\"></span>einsurance co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> and inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> contr<span class=\"_ _0\"></span>acts</div>\n<div class=\"t m0 x1a h4f yd0f ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">with DP<span class=\"_ _0\"></span>F are acc<span class=\"_ _2b\"></span>ounted for in a<span class=\"_ _0\"></span>ccordan<span class=\"_ _2b\"></span>ce to IFRS 4. I<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ent</div>\n<div class=\"t m0 x1a h4f yd10 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s that do not tr<span class=\"_ _0\"></span>ansfer s<span class=\"_ _0\"></span>ignific<span class=\"_ _2b\"></span>ant insurance <span class=\"_ _2b\"></span>risk are account<span class=\"_ _2b\"></span>ed for</div>\n<div class=\"t m0 x1a h4f yd11 ffd8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in accor<span class=\"_ _2b\"></span>dance to IAS 39.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 347px; height: 634px; width: 351px; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffdd fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Lif<span class=\"lse2 wsfa\">e insurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h55 yd13 ffdf fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Future pol<span class=\"_ _2b\"></span>icy benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd14 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For Life ins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s, futur<span class=\"_ _0\"></span>e policy benef<span class=\"_ _2b\"></span>it liabilities are</div>\n<div class=\"t m0 x7 h4f yd15 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">calcul<span class=\"_ _0\"></span>ated usin<span class=\"_ _0\"></span>g a net l<span class=\"_ _0\"></span>evel pre<span class=\"_ _0\"></span>mium met<span class=\"_ _2b\"></span>hod (i.e. pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of fut<span class=\"_ _2b\"></span>ure</div>\n<div class=\"t m0 x7 h4f yd16 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">net cash fl<span class=\"_ _0\"></span>ows) base<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>on act<span class=\"_ _0\"></span>uarial as<span class=\"_ _2b\"></span>sumptions as deter<span class=\"_ _2b\"></span>mined by</div>\n<div class=\"t m0 x7 h4f yc7b ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">histori<span class=\"_ _0\"></span>cal expe<span class=\"lse2 wsfa\">rience and industry <span class=\"_ _2\"></span>standards. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yd17 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yd18 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipating p<span class=\"_ _0\"></span>olicies inc<span class=\"_ _0\"></span>lude any ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>nal liabili<span class=\"_ _0\"></span>ties<span class=\"ls0 ws0\">, </span><span class=\"wsfa\">reflect<span class=\"_ _0\"></span>ing any </span></div>\n<div class=\"t m0 x7 h4f yd19 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>ual dividends or ot<span class=\"_ _2b\"></span>her participati<span class=\"_ _0\"></span>on featu<span class=\"_ _0\"></span>res. For some</div>\n<div class=\"t m0 x7 h4f y8cd ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">designated cont<span class=\"_ _2\"></span>racts, the future policy bene<span class=\"_ _2\"></span>fit liabilities have been<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y8ce ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">remeasured t<span class=\"_ _2\"></span>o r<span class=\"lse0\">eflect c<span class=\"_ _2b\"></span>urrent market<span class=\"_ _0\"></span> intere<span class=\"_ _0\"></span>st rates<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y882 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y883 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">part<span class=\"_ _0\"></span>icipat<span class=\"_ _0\"></span>ing insur<span class=\"_ _0\"></span>ance and i<span class=\"_ _0\"></span>nvestme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> are primar<span class=\"_ _0\"></span>ily </span></span></div>\n<div class=\"t m0 x7 h4f y884 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">unit<span class=\"ls0 ws0\">-</span><span class=\"ws103\">link<span class=\"_ _2\"></span>ed contracts where Ageas hold<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">the invest<span class=\"_ _2b\"></span>ments on behalf of </span></span></span></div>\n<div class=\"t m0 x7 h4f y885 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the polic<span class=\"_ _0\"></span>yhold<span class=\"_ _0\"></span>er and m<span class=\"_ _0\"></span>easures t<span class=\"_ _2b\"></span>hose investme<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air valu<span class=\"_ _0\"></span>e. Treas<span class=\"_ _0\"></span>ury</div>\n<div class=\"t m0 x7 h4f y886 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">share<span class=\"lse0 wsf0\">s on behalf of pol<span class=\"_ _0\"></span>icyhol<span class=\"_ _0\"></span>ders are el<span class=\"_ _0\"></span>iminate<span class=\"_ _0\"></span>d. Unit<span class=\"ls0 ws0\">-<span class=\"lse1 ws104\">linked contracts </span></span></span></div>\n<div class=\"t m0 x7 h4f y8cf ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are a specif<span class=\"_ _0\"></span>ic type of Lif<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ins<span class=\"_ _0\"></span>urance cont<span class=\"_ _2b\"></span>racts governe<span class=\"_ _0\"></span>d by Articl<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>25 of</div>\n<div class=\"t m0 x7 h4f y8d0 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EU Direc<span class=\"_ _0\"></span>tive 20<span class=\"_ _2b\"></span>02/83/EC. Th<span class=\"_ _0\"></span>e benefit<span class=\"_ _2b\"></span>s of those cont<span class=\"_ _0\"></span>racts a<span class=\"_ _2b\"></span>re linked to</div>\n<div class=\"t m0 x7 h4f y8d1 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">UCITS (\u2018U<span class=\"_ _2b\"></span>ndertakings for Co<span class=\"_ _2b\"></span>llective Invest<span class=\"_ _2b\"></span>ment in Transfera<span class=\"_ _0\"></span>ble</div>\n<div class=\"t m0 x7 h4f y8d2 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Securit<span class=\"_ _0\"></span>ies\u2019), a sh<span class=\"_ _0\"></span>are basket<span class=\"_ _0\"></span> or a referen<span class=\"_ _0\"></span>ce value, o<span class=\"_ _0\"></span>r to a combinat<span class=\"_ _2b\"></span>ion of</div>\n<div class=\"t m0 x7 h4f y8d3 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">these val<span class=\"_ _0\"></span>ues or unit<span class=\"_ _0\"></span>s, as laid dow<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>in the co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>. The liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> of unit<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f yb28 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">linked c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at unit<span class=\"_ _2b\"></span> value (i.e. fai<span class=\"_ _2b\"></span>r value of the f<span class=\"_ _0\"></span>und in</div>\n<div class=\"t m0 x7 h4f yb29 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">which the<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">un<span class=\"_ _2\"></span>it<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linke<span class=\"_ _0\"></span>d contrac<span class=\"_ _0\"></span>ts are i<span class=\"_ _2b\"></span>nvested divid<span class=\"_ _0\"></span>ed by the n<span class=\"_ _0\"></span>umber <span class=\"_ _0\"></span>of </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2a ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">units of t<span class=\"_ _2b\"></span>he fund), wit<span class=\"_ _0\"></span>h chang<span class=\"_ _0\"></span>es in fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he income</div>\n<div class=\"t m0 x7 h4f yb2b ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt. Fair value is nev<span class=\"_ _0\"></span>er less than t<span class=\"_ _0\"></span>he amount<span class=\"_ _0\"></span> payable on</div>\n<div class=\"t m0 x7 h4f yb2c ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">surrend<span class=\"_ _0\"></span>er (if appli<span class=\"_ _2b\"></span>cable), disco<span class=\"_ _0\"></span>unted for th<span class=\"_ _0\"></span>e requir<span class=\"_ _0\"></span>ed notic<span class=\"lse2 wsfa\">e period where </span></div>\n<div class=\"t m0 x7 h4f yb2d ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">applicable.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y962 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y963 ffdd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Certain <span class=\"lse2 wsf1\">contract</span><span class=\"wsfa\">s cont<span class=\"_ _0\"></span>ain fin<span class=\"_ _0\"></span>ancial g<span class=\"_ _2b\"></span>uarantees, w<span class=\"_ _0\"></span>hich are a<span class=\"_ _2b\"></span>lso valued at </span></div>\n<div class=\"t m0 x7 h4f y964 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e and are incl<span class=\"_ _0\"></span>uded in lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s related to u<span class=\"_ _2b\"></span>nit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse1 ws104\">linke<span class=\"_ _0\"></span>d contracts, </span></span></div>\n<div class=\"t m0 x7 h4f y965 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">with the <span class=\"_ _0\"></span>change <span class=\"_ _0\"></span>in the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n the inc<span class=\"_ _2b\"></span>ome stateme<span class=\"_ _0\"></span>nt.</div>\n<div class=\"t m0 x7 h4f y966 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce risk<span class=\"_ _0\"></span>s are tak<span class=\"_ _2b\"></span>en into account<span class=\"_ _2b\"></span> based on the <span class=\"wsef\">act<span class=\"_ _2b\"></span>uarial </span></div>\n<div class=\"t m0 x7 h4f y967 ffdd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">assumpt<span class=\"_ _2b\"></span>ions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 78px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y968 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y969 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deposits and wi<span class=\"_ _2\"></span>thdrawals are recorded direc<span class=\"_ _2\"></span>tly in the statement of</div>\n<div class=\"t m0 x7 h4f y96a ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al posit<span class=\"_ _2b\"></span>ion as adjustm<span class=\"_ _2b\"></span>ents to the liab<span class=\"_ _0\"></span>ility, <span class=\"_ _0\"></span>without <span class=\"_ _0\"></span>affect<span class=\"_ _0\"></span>ing the</div>\n<div class=\"t m0 x7 h4f y96b ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y89c ffdf fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Minimum g<span class=\"_ _2b\"></span>uaranteed retur<span class=\"_ _0\"></span>ns<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89d ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For Life ins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s with <span class=\"lse2 wsfa\">minimum guaranteed<span class=\"_ _2\"></span> returns, the </span></div>\n<div class=\"t m0 x7 h4f y89e ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financ<span class=\"_ _0\"></span>e compon<span class=\"_ _0\"></span>ent is m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at amort<span class=\"_ _2b\"></span>ised cost. Add<span class=\"_ _2b\"></span>itional liabil<span class=\"_ _0\"></span>ities</div>\n<div class=\"t m0 x7 h4f y89f ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">have be<span class=\"_ _0\"></span>en set up t<span class=\"_ _2b\"></span>o reflect expec<span class=\"_ _0\"></span>ted lon<span class=\"_ _0\"></span>g<span class=\"ls0 ws0\">-</span>term int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>es. Th<span class=\"_ _0\"></span>ese</div>\n<div class=\"t m0 x7 h4f y8a0 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">additio<span class=\"_ _2b\"></span>nal liabilitie<span class=\"_ _0\"></span>s are ca<span class=\"_ _0\"></span>lculat<span class=\"_ _0\"></span>ed as the d<span class=\"_ _2b\"></span>ifference bet<span class=\"_ _0\"></span>ween th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y8a1 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value a<span class=\"lse2 ws103\">nd the carrying amount of the guara<span class=\"_ _2\"></span>nteed amounts.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y8a2 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a3 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">D<span class=\"lse0 wsf0\">uring the accu<span class=\"_ _0\"></span>mulat<span class=\"_ _0\"></span>ion period<span class=\"lsf4 ws0\">, t<span class=\"_ _0\"></span><span class=\"lse2 ws103\">he liabilities rel<span class=\"_ _2\"></span>ating to annuity policie<span class=\"_ _2\"></span>s </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2e ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are equal<span class=\"_ _0\"></span> to accumul<span class=\"_ _0\"></span>ated polic<span class=\"_ _0\"></span>yhold<span class=\"_ _0\"></span>er balanc<span class=\"_ _0\"></span>es. Afte<span class=\"_ _0\"></span>r the accum<span class=\"_ _0\"></span>ulation</div>\n<div class=\"t m0 x7 h4f yb2f ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">period, the li<span class=\"_ _2\"></span>abilities are equal to the<span class=\"_ _2\"></span> present value of<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">expected f<span class=\"_ _0\"></span>uture </span></span></div>\n<div class=\"t m0 x7 h4f yb30 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">payments. Changes<span class=\"_ _2\"></span> in mortality tables tha<span class=\"_ _2\"></span>t occurred in previous years<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yb31 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are fully<span class=\"_ _0\"></span> reflect<span class=\"_ _2b\"></span>ed in these lia<span class=\"_ _2b\"></span>bilities.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y977 ffdf fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Discretionary<span class=\"_ _2\"></span> Participation Fea<span class=\"_ _2\"></span>tures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y978 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Most Life insuran<span class=\"_ _2\"></span>ce or investment contrac<span class=\"_ _2\"></span>ts contain a guaranteed</div>\n<div class=\"t m0 x1a h4f y979 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>. Some of<span class=\"_ _0\"></span> those c<span class=\"_ _2b\"></span>o<span class=\"wsf0\">ntracts may also c<span class=\"_ _0\"></span>ontain a Dis<span class=\"_ _0\"></span>cretion<span class=\"_ _2b\"></span>ary </span></div>\n<div class=\"t m0 x1a h4f y97a ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Partic<span class=\"_ _0\"></span>ipation F<span class=\"_ _2b\"></span>eature (DPF)<span class=\"_ _0\"></span>. This fe<span class=\"_ _2b\"></span>ature entitle<span class=\"_ _0\"></span>s the hol<span class=\"_ _0\"></span>der of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y97b ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contract<span class=\"_ _0\"></span> to rec<span class=\"_ _0\"></span>eive, as <span class=\"_ _0\"></span>a supple<span class=\"_ _2b\"></span>ment to guara<span class=\"_ _0\"></span>nteed b<span class=\"_ _0\"></span>enefits,<span class=\"_ _0\"></span> additi<span class=\"_ _0\"></span>onal</div>\n<div class=\"t m0 x1a h4f y97c ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">benefits and<span class=\"_ _2\"></span> bonuses:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97d ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse0 wsfa\">That are likel<span class=\"_ _0\"></span>y to be a s<span class=\"_ _0\"></span>ignific<span class=\"_ _2b\"></span>ant portion of t<span class=\"_ _0\"></span>he t<span class=\"lse2 ws103\">otal contractual </span></span></span></div>\n<div class=\"t m0 x6c h4f yb32 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb33 ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse2 ws103\">W<span class=\"_ _2\"></span>hose amount or timing is cont<span class=\"_ _2\"></span>ractually at the discretion o<span class=\"_ _2\"></span>f Ageas;</span><span class=\"ffdd\"> </span></span></div>\n<div class=\"t m0 x1a h4f yb34 ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse0 wsf0\">That are contract<span class=\"_ _0\"></span>ually bas<span class=\"_ _0\"></span>ed on:<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x6c h4f yb35 ffe2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffe1\"> <span class=\"_ _a\"> </span><span class=\"ffdd lse0 wsf0\">The perf<span class=\"_ _2b\"></span>ormance of a specif<span class=\"_ _0\"></span>ied pool o<span class=\"_ _0\"></span>f contract<span class=\"_ _0\"></span>s or a specif<span class=\"_ _0\"></span>ied </span></span></div>\n<div class=\"t m0 x1e6 h4f yb36 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">type of c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yb37 ffe2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffe1\"> <span class=\"_ _a\"> </span><span class=\"ffdd lse0 wsfa\">Realis<span class=\"_ _2b\"></span>ed and/or un<span class=\"_ _0\"></span>realise<span class=\"_ _0\"></span>d invest<span class=\"_ _0\"></span>ment ret<span class=\"_ _0\"></span>urns <span class=\"wsf0\">on a sp<span class=\"_ _0\"></span>ecifie<span class=\"_ _0\"></span>d </span></span></span></div>\n<div class=\"t m0 x1e6 h4f yb38 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">pool of asse<span class=\"_ _2\"></span>ts held by Ageas;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yb39 ffe2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ffe1\"> <span class=\"_ _a\"> </span><span class=\"ffdd lse0 wsf0\">The prof<span class=\"_ _2b\"></span>it or loss of Ageas, fun<span class=\"_ _0\"></span>d or other ent<span class=\"_ _0\"></span>ity that iss<span class=\"_ _2b\"></span>ued the </span></span></div>\n<div class=\"t m0 x1e6 h4f yb3a ffdd fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">contract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3b ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb3c ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For Life i<span class=\"_ _2b\"></span>nsurance cont<span class=\"_ _0\"></span>racts a<span class=\"_ _0\"></span>nd inve<span class=\"_ _0\"></span>stment c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s with D<span class=\"_ _0\"></span>PF, curr<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x1a h4f yb3d ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy<span class=\"_ _0\"></span>holder ben<span class=\"_ _0\"></span>efits are ac<span class=\"_ _2b\"></span>crued based on the co<span class=\"_ _0\"></span>ntract<span class=\"_ _2b\"></span>ual amo<span class=\"lse2 ws103\">unt due </span></div>\n<div class=\"t m0 x1a h4f yb3e ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">based on st<span class=\"_ _0\"></span>atutory net<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome, rest<span class=\"_ _0\"></span>rictions<span class=\"_ _0\"></span> and payme<span class=\"_ _0\"></span>nt terms. Th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f yb3f ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">DPF component con<span class=\"_ _2\"></span>cerns a conditional promise<span class=\"_ _2\"></span> related to unrealised</div>\n<div class=\"t m0 x1a h4f yb40 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses. Th<span class=\"_ _0\"></span>is promis<span class=\"_ _0\"></span>e remains t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e part of the un<span class=\"_ _0\"></span>realise<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x1a h4f yb41 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses as<span class=\"_ _0\"></span> included in e<span class=\"_ _0\"></span>quity. On<span class=\"lse2 ws103\">ce the promise becomes </span></div>\n<div class=\"t m0 x1a h4f yb42 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unconditional<span class=\"_ _2\"></span>, the related amoun<span class=\"_ _2\"></span>t is transferred<span class=\"_ _2\"></span> to \u2018Liabilities ar<span class=\"_ _2\"></span>ising</div>\n<div class=\"t m0 x1a h4f yb43 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">from Life<span class=\"_ _2\"></span> insurance contra<span class=\"_ _2\"></span>cts\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb44 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yb45 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment cont<span class=\"_ _0\"></span>racts wi<span class=\"_ _0\"></span>thout D<span class=\"_ _2b\"></span>PF are initially<span class=\"_ _0\"></span> recog<span class=\"_ _0\"></span>nised at f<span class=\"_ _2b\"></span>air value</div>\n<div class=\"t m0 x1a h4f yb46 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and are subs<span class=\"_ _2b\"></span>equently measur<span class=\"_ _2b\"></span>ed at amortised cos<span class=\"_ _0\"></span>t and rep<span class=\"lse2 ws103\">orted as a </span></div>\n<div class=\"t m0 x1a h4f yb47 ffdd fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">deposit lia<span class=\"_ _2\"></span>bility. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 ycc2 ffdf fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Embedd<span class=\"_ _0\"></span>ed derivat<span class=\"_ _2b\"></span>ives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc3 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Embedd<span class=\"_ _0\"></span>ed derivat<span class=\"_ _2b\"></span>ives not closely re<span class=\"_ _0\"></span>lated to th<span class=\"_ _0\"></span>e host cont<span class=\"_ _0\"></span>racts are</div>\n<div class=\"t m0 x1a h4f ycc4 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separated from<span class=\"_ _2\"></span> the host contracts and measured<span class=\"_ _2\"></span> at fair value through</div>\n<div class=\"t m0 x1a h4f ycc5 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">profit or lo<span class=\"_ _0\"></span>ss. Actu<span class=\"_ _0\"></span>arial ass<span class=\"_ _0\"></span>umption<span class=\"_ _0\"></span>s are revi<span class=\"_ _0\"></span>sed at each<span class=\"_ _0\"></span> reportin<span class=\"_ _0\"></span>g <span class=\"wsef\">date </span></div>\n<div class=\"t m0 x1a h4f ycc6 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with the res<span class=\"_ _2b\"></span>ulting impact rec<span class=\"_ _2b\"></span>ognised in the incom<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y9c9 ffdf fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Unbundling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9ca ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The depos<span class=\"_ _2b\"></span>it <span class=\"_ _2\"></span>com<span class=\"_ _2b\"></span>ponent of an insura<span class=\"_ _2b\"></span>nce contract is unb<span class=\"_ _0\"></span>undled w<span class=\"_ _0\"></span>hen</div>\n<div class=\"t m0 x1a h4f y9cb ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">both of the fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g conditi<span class=\"_ _0\"></span>ons are met<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cc ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse0 wsf0\">The deposit comp<span class=\"_ _0\"></span>onent (inc<span class=\"_ _2b\"></span>luding any embed<span class=\"_ _0\"></span>ded surr<span class=\"_ _0\"></span>ender </span></span></div>\n<div class=\"t m0 x6c h4f y9cd ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">options<span class=\"_ _0\"></span>) can be meas<span class=\"_ _2b\"></span>ured separately (i.<span class=\"_ _2b\"></span>e. without taking i<span class=\"_ _0\"></span>nto</div>\n<div class=\"t m0 x6c h4f y9ce ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account t<span class=\"_ _2b\"></span>he insuranc<span class=\"_ _0\"></span>e compon<span class=\"_ _0\"></span>ent)<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></div>\n<div class=\"t m0 x1a h4f y9cf ffe0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe1\"> <span class=\"_ _46\"> </span><span class=\"ffdd lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas's <span class=\"wsfa\">accounting <span class=\"_ _2\"></span>policies do not<span class=\"_ _2\"></span> otherwise require <span class=\"_ _2\"></span>the recognition </span></span></span></div>\n<div class=\"t m0 x6c h4f y9d0 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of all obl<span class=\"_ _2\"></span>igations and righ<span class=\"_ _2\"></span>ts arising from t<span class=\"_ _2\"></span>he deposit componen<span class=\"_ _2\"></span>t.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9d1 ffdd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d2 ffdd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Currently, <span class=\"lse0 wsf0\">Ageas has recogni<span class=\"_ _0\"></span>sed all right<span class=\"_ _2b\"></span>s and obligation<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>rel<span class=\"_ _0\"></span>ated to </span></div>\n<div class=\"t m0 x1a h4f y9d3 ffdd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">issued insuran<span class=\"_ _2\"></span>ce contracts according to i<span class=\"_ _2\"></span>ts accounting policies. As a</div>\n<div class=\"t m0 x1a h4f y9d4 ffdd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">result, Agea<span class=\"_ _2\"></span>s has not recogni<span class=\"_ _2\"></span>sed an unbundled<span class=\"_ _2\"></span> deposit component i<span class=\"_ _2\"></span>n</div>\n<div class=\"t m0 x1a h4f y9d5 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect of<span class=\"_ _0\"></span> its insur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 298px; height: 808px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffe3 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life insuranc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> </span></span></span></div>\n\n<div class=\"t m0 x7 h55 yd13 ffe5 fs3a fc1f sc0 ls102 ws11d\" style=\"z-index: 15;\">Claims<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd14 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Claims a<span class=\"_ _0\"></span>nd claim adj<span class=\"_ _0\"></span>ustment<span class=\"_ _0\"></span> expense<span class=\"_ _0\"></span>s are charge<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>inc<span class=\"_ _0\"></span>ome</div>\n<div class=\"t m0 x7 h4f yd15 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt as incurred. Unpa<span class=\"_ _0\"></span>id claims an<span class=\"_ _0\"></span>d claim adj<span class=\"_ _2b\"></span>ustment expenses<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f yd16 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>es for report<span class=\"_ _2b\"></span>ed claims and provis<span class=\"_ _2b\"></span>ions for claims inc<span class=\"_ _0\"></span><span class=\"lse2 wsf1\">urred </span></div>\n<div class=\"t m0 x7 h4f yc7b ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">but not <span class=\"_ _0\"></span>reporte<span class=\"_ _0\"></span>d. The est<span class=\"_ _2b\"></span>imates for cl<span class=\"_ _0\"></span>aims inc<span class=\"_ _0\"></span>urred b<span class=\"_ _0\"></span>ut not re<span class=\"_ _0\"></span>ported <span class=\"_ _0\"></span>are</div>\n<div class=\"t m0 x7 h4f yd17 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">based on experienc<span class=\"_ _2\"></span>e, current claim trends<span class=\"_ _2\"></span> and the prevailing social,</div>\n<div class=\"t m0 x7 h4f yd18 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">economic and leg<span class=\"_ _2\"></span>al environments. The liabi<span class=\"_ _2\"></span>lity for Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life insura<span class=\"_ _0\"></span>nce </span></span></div>\n<div class=\"t m0 x7 h4f yd19 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">claims <span class=\"_ _0\"></span>and clai<span class=\"_ _0\"></span>m adjust<span class=\"_ _0\"></span>ment ex<span class=\"_ _0\"></span>penses i<span class=\"wsf0\">s<span class=\"_ _0\"></span> based on est<span class=\"_ _0\"></span>imates of </span></div>\n<div class=\"t m0 x7 h4f y8cd ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d losses (a<span class=\"_ _0\"></span>fter taki<span class=\"_ _0\"></span>ng into acc<span class=\"_ _0\"></span>ount reimb<span class=\"_ _2b\"></span>ursements, rec<span class=\"_ _0\"></span>overies<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y8ce ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">salvage and<span class=\"_ _2\"></span> subrogation), ref<span class=\"_ _2\"></span>lecting management\u2019s<span class=\"_ _2\"></span> judgement on</div>\n<div class=\"t m0 x7 h4f y882 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">anticip<span class=\"_ _0\"></span>ated lev<span class=\"_ _2b\"></span>els of inflatio<span class=\"_ _2b\"></span>n, claim handl<span class=\"_ _0\"></span>ing costs<span class=\"_ _0\"></span>, lega<span class=\"_ _0\"></span>l risks <span class=\"_ _0\"></span>and</div>\n<div class=\"t m0 x7 h4f y883 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">trends in co<span class=\"_ _0\"></span>mpensat<span class=\"_ _0\"></span>ory dama<span class=\"_ _0\"></span><span class=\"lse2 wsfa\">ge awards.<span class=\"_ _2\"></span> Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life liab<span class=\"_ _0\"></span>ilities f<span class=\"_ _0\"></span>or workers<span class=\"_ _2b\"></span>\u2019 </span></span></span></div>\n<div class=\"t m0 x7 h4f y884 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compensation bu<span class=\"_ _2\"></span>siness are presented at their<span class=\"_ _2\"></span> net present value. The</div>\n<div class=\"t m0 x7 h4f y885 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies establish<span class=\"_ _0\"></span>ed are a<span class=\"_ _0\"></span>dequat<span class=\"_ _0\"></span>e to cov<span class=\"_ _0\"></span>er the ult<span class=\"_ _2b\"></span>imate cost of c<span class=\"_ _0\"></span>laims</div>\n<div class=\"t m0 x7 h4f y886 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and claim ad<span class=\"_ _2b\"></span>justment expens<span class=\"_ _2b\"></span>es. Resulting adjus<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s are recor<span class=\"_ _0\"></span>ded in</div>\n<div class=\"t m0 x7 h4f y8cf ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement. <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d0 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d1 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not disco<span class=\"_ _2b\"></span>unt its liabiliti<span class=\"_ _0\"></span>es for claims<span class=\"_ _0\"></span> other tha<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>cla<span class=\"_ _0\"></span>ims with</div>\n<div class=\"t m0 x7 h4f y8d2 ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">determinable<span class=\"_ _2\"></span> and period payment<span class=\"_ _2\"></span> terms.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 772px; height: 298px; width: 347px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h55 y88b ffe5 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Liability <span class=\"_ _2\"></span>Adequacy Test<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88c ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas perf<span class=\"_ _2b\"></span>orms <span class=\"wsef\">a <span class=\"wsfa\">Liability Ad<span class=\"_ _2b\"></span>equacy Tests (<span class=\"_ _2b\"></span>LAT) at each re<span class=\"_ _0\"></span>porting </span></span></div>\n<div class=\"t m0 x7 h4f y88d ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">period t<span class=\"_ _0\"></span>o ensur<span class=\"_ _0\"></span>e that t<span class=\"_ _2b\"></span>he rep<span class=\"wsf0\">orted ins<span class=\"_ _0\"></span>urance li<span class=\"_ _0\"></span>abilities<span class=\"_ _0\"></span> are adequ<span class=\"_ _0\"></span>ate.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88e ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y88f ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A separ<span class=\"_ _0\"></span>ate test<span class=\"_ _0\"></span> is perfo<span class=\"_ _2b\"></span>rmed for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y890 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 ls106 ws10c\">Life liabilities and h<span class=\"_ _0\"></span>ealth simil<span class=\"_ _0\"></span>ar<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">life liabilities, in<span class=\"_ _2\"></span>cluding annuities </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y891 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">stemming from<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-<span class=\"ls106 ws124\">life <span class=\"ls102 ws11d\">liabili<span class=\"_ _2\"></span>ties<span class=\"lsf4 ws10c\">; </span></span></span> </span></span></div>\n<div class=\"t m0 x7 h4f y892 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsf0\">(Unearned) pre<span class=\"_ _0\"></span>mium res<span class=\"_ _0\"></span>erves stem<span class=\"_ _2b\"></span>ming from <span class=\"ls0 ws0\">N</span><span class=\"wsef\">on<span class=\"ls0 ws0\">-<span class=\"ls106 ws124\">life <span class=\"ls102 ws11d\">liabil<span class=\"_ _2\"></span>ities</span></span> </span>and </span></span></span></div>\n<div class=\"t m0 x43 h4f y893 ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">health non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls102 ws11d\">similar</span>-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"ls106 ws124\">life <span class=\"ls102 ws11d\">liabilitie<span class=\"_ _2\"></span>s;</span></span> </span><span class=\"wsf1\">and<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y894 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsfa\">Claim provis<span class=\"_ _0\"></span>ions stem<span class=\"_ _0\"></span>ming fro<span class=\"_ _2b\"></span>m <span class=\"ls0 ws0\">N<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">on</span>-<span class=\"ls102 ws11d\">life l<span class=\"_ _2\"></span>iabilities</span> </span><span class=\"wsf0\">and health non<span class=\"ls0 ws0\">-</span></span></span></span></div>\n<div class=\"t m0 x43 h4f y895 ffe3 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">similar<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"lsfc ws115\">li<span class=\"_ _2\"></span>fe </span></span>liabilit<span class=\"_ _0\"></span>ies<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y896 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y897 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For the purp<span class=\"_ _2b\"></span>ose of these LAT<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">tests</span></span>, Ageas conside<span class=\"_ _0\"></span>rs a best est<span class=\"_ _0\"></span>imate</div>\n<div class=\"t m0 x7 h4f y898 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on, bei<span class=\"_ _0\"></span>ng the pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue of al<span class=\"_ _0\"></span>l contr<span class=\"_ _0\"></span>actual c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws, incl<span class=\"_ _0\"></span>uding</div>\n<div class=\"t m0 x7 h4f y899 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related c<span class=\"_ _0\"></span>ash flows s<span class=\"_ _0\"></span>uch as comm<span class=\"_ _0\"></span>issions an<span class=\"_ _0\"></span>d expense<span class=\"_ _2b\"></span>s. The contract</div>\n<div class=\"t m0 x7 h4f y89a ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">boundaries o<span class=\"_ _2\"></span>f Solvency II are applied, but are<span class=\"_ _2\"></span> limited in <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life to the </span></span></span></div>\n<div class=\"t m0 x7 h4f y89b ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ones in sc<span class=\"_ _2b\"></span>ope of the IFR<span class=\"_ _2b\"></span>S reserves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y89c ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y89d ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">For <span class=\"ls0 ws0\">L<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">ife ins<span class=\"_ _2b\"></span>urance liabil<span class=\"_ _0\"></span>ities (an<span class=\"_ _0\"></span>d health si<span class=\"_ _0\"></span>mil<span class=\"lse2 wsf1\">ar<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-<span class=\"_ _2\"></span><span class=\"ls102 ws115\">life liabilitie<span class=\"_ _2\"></span>s including </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y89e ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">annuities stemmi<span class=\"_ _2\"></span>ng from <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-</span></span>li<span class=\"_ _2\"></span>fe), the LAT also includes ca<span class=\"_ _2\"></span>sh flows</div>\n<div class=\"t m0 x7 h4f y89f ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">resulting <span class=\"_ _2\"></span>from embedded option<span class=\"_ _2\"></span>s and guarantees a<span class=\"_ _2\"></span>nd investment</div>\n<div class=\"t m0 x7 h4f y8a0 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income.<span class=\"_ _0\"></span> Invest<span class=\"_ _0\"></span>ment in<span class=\"_ _0\"></span>come is <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>ned usin<span class=\"_ _0\"></span>g the c<span class=\"_ _0\"></span>urrent b<span class=\"_ _0\"></span>ook yiel<span class=\"_ _2b\"></span>d of</div>\n<div class=\"t m0 x7 h4f y8a1 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the exist<span class=\"_ _0\"></span>ing portf<span class=\"_ _0\"></span>olio, base<span class=\"_ _2b\"></span>d on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e assumpt<span class=\"_ _0\"></span>ion that re<span class=\"_ _0\"></span>invest<span class=\"_ _0\"></span>ments aft<span class=\"_ _0\"></span>er</div>\n<div class=\"t m0 x7 h4f y8a2 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the mat<span class=\"_ _0\"></span>urity of t<span class=\"_ _2b\"></span>he financial ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nts will t<span class=\"_ _2b\"></span>ake place at<span class=\"_ _0\"></span> a risk<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">free rat<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y8a3 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowin<span class=\"_ _0\"></span>g a company<span class=\"_ _0\"></span> specific vo<span class=\"_ _0\"></span>latilit<span class=\"_ _0\"></span>y adjust<span class=\"_ _0\"></span>ment base<span class=\"_ _0\"></span>d on EIOPA</div>\n<div class=\"t m0 x7 h4f yb2e ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy. For direct inv<span class=\"_ _0\"></span>estment<span class=\"_ _2b\"></span>s in real estate, the a<span class=\"_ _0\"></span>ctua<span class=\"lse2 wsfa\">l rental </span></div>\n<div class=\"t m0 x7 h4f yb2f ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income u<span class=\"_ _2b\"></span>p to the next co<span class=\"_ _0\"></span>ntractu<span class=\"_ _2b\"></span>al renewal pe<span class=\"_ _0\"></span>riod is t<span class=\"_ _0\"></span>aken int<span class=\"_ _2b\"></span>o account.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb30 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8d8 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">For <span class=\"ls0 ws0\">N</span>on<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"ls106 ws124\">life</span> </span><span class=\"ws103\">insurance liabilit<span class=\"_ _2\"></span>ies<span class=\"lse0 wsf0\">, the p<span class=\"_ _0\"></span>resent va<span class=\"_ _0\"></span>lue of all cas<span class=\"_ _0\"></span>h flows is </span></span></div>\n<div class=\"t m0 x1a h4f y8d9 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ned using a risk<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">free discoun<span class=\"_ _2\"></span>t rate allowing a<span class=\"_ _2\"></span> company specific </span></span></div>\n<div class=\"t m0 x1a h4f y9bc ffe3 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">volatili<span class=\"_ _2\"></span>ty <span class=\"lse2 wsfa\">adjustment ba<span class=\"_ _2\"></span>sed on EIOPA me<span class=\"_ _2\"></span>thodology (after the<span class=\"_ _2\"></span> last liquid </span></div>\n<div class=\"t m0 x1a h4f y9bd ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">point, the s<span class=\"_ _0\"></span>o<span class=\"ls0 ws0\">-</span>called Ult<span class=\"_ _0\"></span>imate For<span class=\"_ _0\"></span>ward Rate ex<span class=\"_ _0\"></span>trapol<span class=\"_ _0\"></span>ation is ap<span class=\"_ _0\"></span>plied).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9be ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9bf ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Any shortf<span class=\"_ _2b\"></span>all in the LAT is recog<span class=\"_ _0\"></span>nised imm<span class=\"_ _0\"></span>ediately i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the i<span class=\"_ _0\"></span>ncome</div>\n<div class=\"t m0 x1a h4f y9c0 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt, either as a DAC or VOB<span class=\"_ _2b\"></span>A <span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>impai<span class=\"_ _0\"></span>rment or as a<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">loss </span></div>\n<div class=\"t m0 x1a h4f y9c1 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recognit<span class=\"_ _2b\"></span>ion. If, in a s<span class=\"_ _0\"></span>ubsequ<span class=\"_ _0\"></span>ent peri<span class=\"_ _0\"></span>od, th<span class=\"_ _0\"></span>e shortf<span class=\"_ _0\"></span>all decr<span class=\"_ _0\"></span>eases, t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y97e ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">decreas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in sh<span class=\"_ _0\"></span>ortfall is re<span class=\"_ _0\"></span>verse<span class=\"_ _0\"></span>d through pr<span class=\"_ _0\"></span>ofit or loss. A s<span class=\"_ _0\"></span>hortfal<span class=\"_ _0\"></span>l is</div>\n<div class=\"t m0 x1a h4f y97f ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">defined as<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y980 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsf0\">A negative net pre<span class=\"_ _0\"></span>sent valu<span class=\"_ _0\"></span>e of the futur<span class=\"_ _0\"></span>e margin fo<span class=\"_ _0\"></span>r <span class=\"ls0 ws0\">L<span class=\"lsfc ws115\">ife<span class=\"_ _2\"></span> </span></span><span class=\"lse1\">contracts<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y981 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and healt<span class=\"_ _0\"></span>h similar<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to<span class=\"_ _2\"></span></span>-<span class=\"ls106 ws124\">life <span class=\"lse2 wsf1\">contracts<span class=\"lse0 wsfa\">, includi<span class=\"_ _0\"></span>ng annuit<span class=\"_ _2b\"></span>ies stemming </span></span></span></span></div>\n<div class=\"t m0 x6c h4f y982 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">from <span class=\"ls0 ws0\">N<span class=\"_ _2\"></span></span>on<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">life </span></span>con<span class=\"_ _2\"></span>tracts;<span class=\"ls0 ws0\"> </span>and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y983 ffe6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffe7\"> <span class=\"_ _46\"> </span><span class=\"ffe3 lse0 wsfa\">The positive d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce betw<span class=\"_ _0\"></span>een the <span class=\"_ _0\"></span>net pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of the c<span class=\"_ _0\"></span>ash </span></span></div>\n<div class=\"t m0 x6c h4f y984 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">flows and the corres<span class=\"_ _2\"></span>ponding IFRS reserves for<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">on<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">life <span class=\"lse0 wsef\">contracts</span></span> </span></span></div>\n<div class=\"t m0 x6c h4f y9c2 ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and health <span class=\"_ _2\"></span>non<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">similar</span>-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">to</span>-<span class=\"ls102 ws11d\">life<span class=\"_ _2\"></span> </span></span><span class=\"wsf1\">contracts<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f y9c3 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c4 ffe3 fs3a fc14 sc0 lsf3 wsf1\" style=\"z-index: 15;\">The LAT tests<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">take into acc<span class=\"_ _2b\"></span>ount the effect of re<span class=\"_ _2b\"></span>insurance and <span class=\"lse2 wsf1\">include, </span></span></span></div>\n<div class=\"t m0 x1a h4f y9c5 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for direct i<span class=\"_ _2b\"></span>nvestments in rea<span class=\"_ _0\"></span>l <span class=\"wsef\">estate,<span class=\"_ _0\"></span> <span class=\"wsf0\">the actual<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">re<span class=\"_ _0\"></span>ntal inc<span class=\"_ _0\"></span>ome up to t<span class=\"_ _2b\"></span>he </span></span></span></div>\n<div class=\"t m0 x1a h4f y9c6 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">next cont<span class=\"_ _0\"></span>ractual r<span class=\"_ _2b\"></span>enewal period. L<span class=\"_ _0\"></span>AT tests are d<span class=\"_ _0\"></span>etermin<span class=\"_ _0\"></span>ed a<span class=\"lse2 wsfa\">t legal entit<span class=\"_ _2\"></span>y </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffe3 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">level. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycb9 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycba ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">If a subsidiar<span class=\"_ _2\"></span>y\u2019s local LAT requirements <span class=\"wsfa\">ar<span class=\"_ _2\"></span>e stricter tha<span class=\"ls0 ws0\">n<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">the ones<span class=\"_ _0\"></span> above, </span></span></span></div>\n<div class=\"t m0 x1a h4f ycbb ffe3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">local en<span class=\"_ _2\"></span>tities apply the lo<span class=\"_ _2\"></span>cal requirements.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y98e ffe5 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Shadow accoun<span class=\"_ _2\"></span>ting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98f ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In some of <span class=\"lse2 wsf1\">Ageas's </span>business<span class=\"_ _0\"></span>es, the real<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of gains and l<span class=\"_ _0\"></span>osses has a</div>\n<div class=\"t m0 x1a h4f y990 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">direct impact on<span class=\"_ _2\"></span> the measurement of the insuran<span class=\"_ _2\"></span>ce liabilities and rela<span class=\"_ _2\"></span>ted</div>\n<div class=\"t m0 x1a h4f y991 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deferre<span class=\"_ _0\"></span>d acquis<span class=\"_ _0\"></span>ition costs<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y992 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y993 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In some of the<span class=\"_ _0\"></span>se busines<span class=\"_ _0\"></span>ses, Ag<span class=\"_ _0\"></span>eas appli<span class=\"_ _0\"></span>es \u2018shad<span class=\"_ _0\"></span>ow account<span class=\"_ _0\"></span>ing\u2019 to the</div>\n<div class=\"t m0 x1a h4f y994 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes in f<span class=\"_ _0\"></span>air value of<span class=\"_ _0\"></span> ava<span class=\"ls102 ws11d\">ilable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for<span class=\"_ _2\"></span></span>-</span></span>sale inves<span class=\"_ _0\"></span>tments a<span class=\"_ _2b\"></span>nd of assets and</div>\n<div class=\"t m0 x1a h4f y995 ffe3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies that affect<span class=\"_ _2b\"></span> the measurem<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he insur<span class=\"_ _0\"></span>ance lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x1a h4f y996 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Shadow acc<span class=\"_ _2b\"></span>ounting means t<span class=\"_ _0\"></span>hat unreal<span class=\"_ _0\"></span>ised gains<span class=\"_ _0\"></span> or losses<span class=\"_ _0\"></span> on the</div>\n<div class=\"t m0 x1a h4f y997 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">available<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">for</span>-<span class=\"lse0 wsf0\">sale financi<span class=\"_ _0\"></span>al assets, w<span class=\"_ _2b\"></span>hich are recognise<span class=\"_ _2b\"></span>d in <span class=\"lse2 wsf1\">ot<span class=\"_ _2\"></span>her </span></span></span></div>\n<div class=\"t m0 x1a h4f y9c8 ffe3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">comprehens<span class=\"lse0 wsfa\">ive income<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">wit<span class=\"_ _0\"></span>hout affec<span class=\"_ _0\"></span>ting the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span>, affect </span></span></div>\n<div class=\"t m0 x1a h4f y9c9 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the measu<span class=\"_ _0\"></span>rement of<span class=\"_ _0\"></span> the insura<span class=\"_ _2b\"></span>nce liabilities (o<span class=\"_ _0\"></span>r deferre<span class=\"_ _0\"></span>d acquisit<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y9ca ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">costs or val<span class=\"_ _0\"></span>ue of busin<span class=\"_ _0\"></span>ess acqui<span class=\"_ _0\"></span>red) in the sa<span class=\"_ _2b\"></span>me way as realised ga<span class=\"_ _0\"></span>ins</div>\n<div class=\"t m0 x1a h4f y9cb ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or losses wo<span class=\"_ _2b\"></span>uld do. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9cc ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9cd ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As part of sh<span class=\"_ _0\"></span>adow acco<span class=\"_ _2b\"></span>unting, some <span class=\"lsf4 ws10c\">of <span class=\"lse2 wsf1\">Ageas's </span></span>businesses ext<span class=\"_ _2b\"></span>end <span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y9ce ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">standard LAT wit<span class=\"_ _2\"></span>h a shadow LAT test. Under<span class=\"_ _2\"></span> the shadow LAT test, the</div>\n<div class=\"t m0 x1a h4f y9cf ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of u<span class=\"_ _0\"></span>nrealis<span class=\"_ _0\"></span>ed capita<span class=\"_ _0\"></span>l gains, re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d in other com<span class=\"_ _0\"></span>prehens<span class=\"_ _0\"></span>ive</div>\n<div class=\"t m0 x1a h4f y9d0 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income,<span class=\"_ _0\"></span> in excess of t<span class=\"_ _0\"></span>he surplus r<span class=\"_ _0\"></span>esultin<span class=\"_ _0\"></span>g from the st<span class=\"_ _0\"></span>andard LAT<span class=\"_ _0\"></span>, is</div>\n<div class=\"t m0 x1a h4f y9d1 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as a <span class=\"lse2 ws103\">shadow liability.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9d2 ffe3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9d3 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The remai<span class=\"_ _0\"></span>ning unr<span class=\"_ _0\"></span>ealised ch<span class=\"_ _2b\"></span>anges in fair value of<span class=\"_ _0\"></span> the avail<span class=\"_ _0\"></span>able<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-<span class=\"_ _2\"></span><span class=\"lsfb wsfa\">sale </span></span></div>\n<div class=\"t m0 x1a h4f y9d4 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al assets (af<span class=\"_ _2b\"></span>ter applicatio<span class=\"_ _0\"></span>n of shadow ac<span class=\"_ _2b\"></span>counting), that<span class=\"_ _0\"></span> are</div>\n<div class=\"t m0 x1a h4f y9d5 ffe3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subject t<span class=\"_ _0\"></span>o discret<span class=\"_ _0\"></span>ionary par<span class=\"_ _0\"></span>ticipat<span class=\"_ _2b\"></span>ion features, are cl<span class=\"_ _2b\"></span>assified as a</div>\n<div class=\"t m0 x1a h4f y9d6 ffe3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">separate componen<span class=\"_ _2\"></span>t of equit<span class=\"lsf4 ws10c\">y. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 314px; height: 792px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An additi<span class=\"_ _0\"></span>onal Def<span class=\"_ _0\"></span>erred Prof<span class=\"_ _0\"></span>it sharing L<span class=\"_ _2b\"></span>iability (DPL) is acc<span class=\"_ _2b\"></span>rued based on</div>\n<div class=\"t m0 x7 h4f y803 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">a construct<span class=\"_ _2b\"></span>ive obligation o<span class=\"_ _0\"></span>r on the amou<span class=\"_ _0\"></span>nt legally<span class=\"_ _0\"></span> or contract<span class=\"_ _2b\"></span>ually</div>\n<div class=\"t m0 x7 h4f y804 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ed to be pa<span class=\"_ _2b\"></span>id on differe<span class=\"_ _0\"></span>nces bet<span class=\"_ _0\"></span>ween st<span class=\"_ _0\"></span>atutory <span class=\"_ _0\"></span>and IFR<span class=\"_ _0\"></span>S income</div>\n<div class=\"t m0 x7 h4f y805 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and unreal<span class=\"_ _2b\"></span>ised gains or loss<span class=\"_ _0\"></span>es record<span class=\"_ _2b\"></span>ed in equity.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 yd16 ffea fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7b ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The accou<span class=\"_ _0\"></span>nting tr<span class=\"_ _0\"></span>eatment<span class=\"_ _0\"></span> of reinsur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts de<span class=\"_ _2b\"></span>pends on whether</div>\n<div class=\"t m0 x7 h4f yd17 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk is transferred w<span class=\"_ _2\"></span>ithin the contract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd18 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yd19 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Reinsurance con<span class=\"_ _2\"></span>tracts that transfer signi<span class=\"_ _2\"></span>ficant insurance risk are</div>\n<div class=\"t m0 x7 h4f y8cd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for acco<span class=\"_ _0\"></span>rding <span class=\"lsfc ws115\">to <span class=\"lse2 wsfa\">insurance c<span class=\"_ _2\"></span>ontracts. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y8ce ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y882 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Reinsur<span class=\"_ _2b\"></span>ance contracts<span class=\"_ _0\"></span> that do <span class=\"_ _2b\"></span>not transfer si<span class=\"_ _2b\"></span>gnificant ins<span class=\"_ _0\"></span>urance r<span class=\"_ _0\"></span>isk are</div>\n<div class=\"t m0 x7 h4f y883 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for usi<span class=\"_ _0\"></span>ng the depos<span class=\"_ _0\"></span>it method a<span class=\"_ _0\"></span>nd are incl<span class=\"_ _0\"></span>uded in loa<span class=\"_ _0\"></span>ns or</div>\n<div class=\"t m0 x7 h4f y884 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ings as a finan<span class=\"_ _0\"></span>cial asset<span class=\"_ _0\"></span> or liabil<span class=\"_ _0\"></span>ity. Such f<span class=\"_ _0\"></span>inancia<span class=\"_ _0\"></span>l asset or</div>\n<div class=\"t m0 x7 h4f y885 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y is recog<span class=\"_ _0\"></span>nised bas<span class=\"_ _0\"></span>ed on the co<span class=\"_ _0\"></span>nsiderat<span class=\"_ _2b\"></span>ion paid or receiv<span class=\"_ _0\"></span>ed less</div>\n<div class=\"t m0 x7 h4f y886 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any expli<span class=\"_ _0\"></span>citly ide<span class=\"_ _0\"></span>ntified pr<span class=\"_ _0\"></span>emiums or f<span class=\"_ _0\"></span>ees to be reta<span class=\"_ _2b\"></span>ined by the</div>\n<div class=\"t m0 x7 h4f y8cf ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ed. Amount<span class=\"_ _2b\"></span>s received or paid un<span class=\"_ _0\"></span>der these c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s are</div>\n<div class=\"t m0 x7 h4f y8d0 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for as <span class=\"_ _2b\"></span>deposits usin<span class=\"_ _0\"></span>g the eff<span class=\"_ _0\"></span>ective i<span class=\"_ _2b\"></span>nte<span class=\"lse2\">rest<span class=\"_ _2\"></span> method. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d2 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deposits from rei<span class=\"_ _2\"></span>nsurers under ceded rei<span class=\"_ _2\"></span>nsurance<span class=\"ls0 ws0\">, <span class=\"lse0 wsfa\">that transf<span class=\"_ _0\"></span>er </span></span></div>\n<div class=\"t m0 x7 h4f y8d3 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">equa<span class=\"_ _0\"></span>l the amount<span class=\"_ _0\"></span> due at the date<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of the </span></span></div>\n<div class=\"t m0 x7 h4f yb28 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb29 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2a ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Liabilit<span class=\"_ _2b\"></span>ies relating t<span class=\"_ _2b\"></span>o ceded reins<span class=\"_ _0\"></span>urance b<span class=\"_ _0\"></span>usiness<span class=\"_ _0\"></span><span class=\"ls0 ws0\">, <span class=\"lse0 wsfa\">that do not t<span class=\"_ _0\"></span>ransfer </span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>may be considere<span class=\"_ _2\"></span>d to be financi<span class=\"_ _2\"></span>al liabilities</div>\n<div class=\"t m0 x7 h4f yb2c ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies are <span class=\"_ _0\"></span>account<span class=\"_ _2b\"></span>ed for in the sa<span class=\"_ _0\"></span>me way as <span class=\"_ _2b\"></span>other financia<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x7 h4f yb2d ffe8 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>ies.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 361px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 445px; width: 349px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y9ad fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.16 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse1 wsf0\">Gross <span class=\"lse0 wsef\">prem<span class=\"_ _0\"></span>ium<span class=\"ls0 ws0\"> </span>incom<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h55 ycdb fff4 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Short<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">dura<span class=\"_ _2\"></span>tion versus long<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span></span>duration cont<span class=\"_ _2\"></span>racts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycdc fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A short<span class=\"ls0 ws0\">-</span>dur<span class=\"_ _0\"></span>ation in<span class=\"_ _2b\"></span>surance contr<span class=\"_ _0\"></span>act is a c<span class=\"_ _2b\"></span>ontract that pr<span class=\"_ _2b\"></span>ovides insura<span class=\"_ _0\"></span>nce</div>\n<div class=\"t m0 x7 h4f yc86 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">protect<span class=\"_ _0\"></span>ion for a f<span class=\"_ _2b\"></span>ixed <span class=\"wsf0\">period of s<span class=\"_ _0\"></span>hort durat<span class=\"_ _2b\"></span>ion and that enables<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x7 h4f yc87 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insurer t<span class=\"_ _2b\"></span>o cancel the c<span class=\"_ _0\"></span>ontract <span class=\"_ _0\"></span>or to adj<span class=\"_ _0\"></span>ust the t<span class=\"_ _0\"></span>erms of<span class=\"_ _0\"></span> the cont<span class=\"_ _0\"></span>ract at t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yc88 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">end of any cont<span class=\"_ _2b\"></span>ract period.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc89 fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc8a fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A long<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">duration contr<span class=\"_ _0\"></span>act is a contr<span class=\"_ _2b\"></span>act that generally<span class=\"_ _0\"></span> is not subject<span class=\"_ _0\"></span> to </span></span></div>\n<div class=\"t m0 x7 h4f yc8b fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unilateral <span class=\"_ _2\"></span>changes in its <span class=\"_ _2\"></span>terms,<span class=\"ls0 ws0\"> </span>such as a<span class=\"_ _2\"></span> non<span class=\"ls0 ws0\">-</span>cancellable <span class=\"_ _2\"></span>or guaranteed</div>\n<div class=\"t m0 x7 h4f yc8c fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">renewable cont<span class=\"_ _2\"></span>ract, and that requires the per<span class=\"_ _2\"></span>formance of various</div>\n<div class=\"t m0 x7 h4f yc8d fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">functio<span class=\"_ _2b\"></span>ns and services (inc<span class=\"_ _2b\"></span>luding insuranc<span class=\"_ _2b\"></span>e protection) for a<span class=\"_ _2b\"></span>n extended</div>\n<div class=\"t m0 x7 h4f yc8e fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">period.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yd24 fff4 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Premiu<span class=\"_ _0\"></span>m income w<span class=\"_ _0\"></span>hen receiv<span class=\"_ _0\"></span>ed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd25 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Premiums from <span class=\"ls0 ws0\">L<span class=\"_ _2\"></span></span>ife insurance contracts<span class=\"_ _2\"></span> an<span class=\"lse0 wsfa\">d lo<span class=\"_ _0\"></span>ng<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">duration i<span class=\"_ _2b\"></span>nvestment </span></span></div>\n<div class=\"t m0 x7 h4f yd26 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h Discret<span class=\"_ _2b\"></span>ionary Particip<span class=\"_ _2b\"></span>ation Features a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised as</div>\n<div class=\"t m0 x7 h4f yd27 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">revenue when due<span class=\"_ _2\"></span> from the policyholder<span class=\"_ _2\"></span>. Estimated future benefits and<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yd28 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span> are off<span class=\"_ _2b\"></span>set against suc<span class=\"_ _2b\"></span>h revenue in or<span class=\"_ _2b\"></span>der to recognis<span class=\"_ _2b\"></span>e profits</div>\n<div class=\"t m0 x7 h4f yd29 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">over the est<span class=\"_ _0\"></span>imated<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">life of the poli<span class=\"_ _2\"></span>cies. This matchi<span class=\"_ _2\"></span>ng is accomplished b<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yd2a fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the establ<span class=\"_ _2b\"></span>ishment of liabil<span class=\"_ _0\"></span>ities ari<span class=\"_ _0\"></span>sing from<span class=\"_ _0\"></span> insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts and</div>\n<div class=\"t m0 x1a h4f yd2b fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent contracts<span class=\"_ _0\"></span> with Dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary Pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion Fea<span class=\"_ _0\"></span>tures, a<span class=\"_ _0\"></span>nd by</div>\n<div class=\"t m0 x1a h4f yd2c fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the defer<span class=\"_ _0\"></span>ral and su<span class=\"_ _0\"></span>bseque<span class=\"_ _0\"></span>nt amortis<span class=\"_ _0\"></span>ation of upf<span class=\"_ _2b\"></span>ront expenses suc<span class=\"_ _2b\"></span>h as</div>\n<div class=\"t m0 x1a h4f yd2d fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on costs.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yd2e fff4 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Premium in<span class=\"_ _2\"></span>come when earned<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd2f fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For short<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">duration type contract<span class=\"_ _2\"></span>s (principally in </span>N<span class=\"lse2 wsf1\">on</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">life), premiums <span class=\"_ _2\"></span>are </span></span></div>\n<div class=\"t m0 x1a h4f yd30 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recorde<span class=\"_ _0\"></span>d as writt<span class=\"_ _0\"></span>en upon ince<span class=\"_ _0\"></span>ption of the co<span class=\"_ _2b\"></span>ntract. Premium<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f yd31 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent as earned o<span class=\"_ _2b\"></span>n a pro<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">rata basis over </span></div>\n<div class=\"t m0 x1a h4f yd32 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the term of the rel<span class=\"_ _2\"></span>ated policy coverage. The unea<span class=\"_ _2\"></span>rned premium reserve</div>\n<div class=\"t m0 x1a h4f yd33 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">represe<span class=\"_ _0\"></span>nts the port<span class=\"_ _2b\"></span>ion of the premium<span class=\"_ _0\"></span>s written rel<span class=\"_ _2b\"></span>ating to the unexpi<span class=\"_ _0\"></span>red</div>\n<div class=\"t m0 x1a h4f yd34 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">terms of the cov<span class=\"_ _2\"></span>erage.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 914px; height: 188px; width: 351px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 284px; height: 314px; width: 350px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInsuranceContracts",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag492": {
   "value": "\n<div class=\"t m0 x7 h4f y963 ffdd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Certain <span class=\"lse2 wsf1\">contract</span><span class=\"wsfa\">s cont<span class=\"_ _0\"></span>ain fin<span class=\"_ _0\"></span>ancial g<span class=\"_ _2b\"></span>uarantees, w<span class=\"_ _0\"></span>hich are a<span class=\"_ _2b\"></span>lso valued at </span></div>\n<div class=\"t m0 x7 h4f y964 ffdd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fair valu<span class=\"_ _0\"></span>e and are incl<span class=\"_ _0\"></span>uded in lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s related to u<span class=\"_ _2b\"></span>nit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse1 ws104\">linke<span class=\"_ _0\"></span>d contracts, </span></span></div>\n<div class=\"t m0 x7 h4f y965 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">with the <span class=\"_ _0\"></span>change <span class=\"_ _0\"></span>in the f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>n the inc<span class=\"_ _2b\"></span>ome stateme<span class=\"_ _0\"></span>nt.</div>\n<div class=\"t m0 x7 h4f y966 ffdd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce risk<span class=\"_ _0\"></span>s are tak<span class=\"_ _2b\"></span>en into account<span class=\"_ _2b\"></span> based on the <span class=\"wsef\">act<span class=\"_ _2b\"></span>uarial </span></div>\n<div class=\"t m0 x7 h4f y967 ffdd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">assumpt<span class=\"_ _2b\"></span>ions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 567px; height: 78px; width: 349px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag430": {
   "value": "\n<div class=\"t m0 x7 h55 yd16 ffea fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7b ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The accou<span class=\"_ _0\"></span>nting tr<span class=\"_ _0\"></span>eatment<span class=\"_ _0\"></span> of reinsur<span class=\"_ _0\"></span>ance cont<span class=\"_ _0\"></span>racts de<span class=\"_ _2b\"></span>pends on whether</div>\n<div class=\"t m0 x7 h4f yd17 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk is transferred w<span class=\"_ _2\"></span>ithin the contract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd18 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yd19 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Reinsurance con<span class=\"_ _2\"></span>tracts that transfer signi<span class=\"_ _2\"></span>ficant insurance risk are</div>\n<div class=\"t m0 x7 h4f y8cd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for acco<span class=\"_ _0\"></span>rding <span class=\"lsfc ws115\">to <span class=\"lse2 wsfa\">insurance c<span class=\"_ _2\"></span>ontracts. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y8ce ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y882 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Reinsur<span class=\"_ _2b\"></span>ance contracts<span class=\"_ _0\"></span> that do <span class=\"_ _2b\"></span>not transfer si<span class=\"_ _2b\"></span>gnificant ins<span class=\"_ _0\"></span>urance r<span class=\"_ _0\"></span>isk are</div>\n<div class=\"t m0 x7 h4f y883 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for usi<span class=\"_ _0\"></span>ng the depos<span class=\"_ _0\"></span>it method a<span class=\"_ _0\"></span>nd are incl<span class=\"_ _0\"></span>uded in loa<span class=\"_ _0\"></span>ns or</div>\n<div class=\"t m0 x7 h4f y884 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ings as a finan<span class=\"_ _0\"></span>cial asset<span class=\"_ _0\"></span> or liabil<span class=\"_ _0\"></span>ity. Such f<span class=\"_ _0\"></span>inancia<span class=\"_ _0\"></span>l asset or</div>\n<div class=\"t m0 x7 h4f y885 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y is recog<span class=\"_ _0\"></span>nised bas<span class=\"_ _0\"></span>ed on the co<span class=\"_ _0\"></span>nsiderat<span class=\"_ _2b\"></span>ion paid or receiv<span class=\"_ _0\"></span>ed less</div>\n<div class=\"t m0 x7 h4f y886 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any expli<span class=\"_ _0\"></span>citly ide<span class=\"_ _0\"></span>ntified pr<span class=\"_ _0\"></span>emiums or f<span class=\"_ _0\"></span>ees to be reta<span class=\"_ _2b\"></span>ined by the</div>\n<div class=\"t m0 x7 h4f y8cf ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ed. Amount<span class=\"_ _2b\"></span>s received or paid un<span class=\"_ _0\"></span>der these c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>s are</div>\n<div class=\"t m0 x7 h4f y8d0 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ed for as <span class=\"_ _2b\"></span>deposits usin<span class=\"_ _0\"></span>g the eff<span class=\"_ _0\"></span>ective i<span class=\"_ _2b\"></span>nte<span class=\"lse2\">rest<span class=\"_ _2\"></span> method. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d2 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deposits from rei<span class=\"_ _2\"></span>nsurers under ceded rei<span class=\"_ _2\"></span>nsurance<span class=\"ls0 ws0\">, <span class=\"lse0 wsfa\">that transf<span class=\"_ _0\"></span>er </span></span></div>\n<div class=\"t m0 x7 h4f y8d3 ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">equa<span class=\"_ _0\"></span>l the amount<span class=\"_ _0\"></span> due at the date<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of the </span></span></div>\n<div class=\"t m0 x7 h4f yb28 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb29 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2a ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Liabilit<span class=\"_ _2b\"></span>ies relating t<span class=\"_ _2b\"></span>o ceded reins<span class=\"_ _0\"></span>urance b<span class=\"_ _0\"></span>usiness<span class=\"_ _0\"></span><span class=\"ls0 ws0\">, <span class=\"lse0 wsfa\">that do not t<span class=\"_ _0\"></span>ransfer </span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffe8 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> insurance risk<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>may be considere<span class=\"_ _2\"></span>d to be financi<span class=\"_ _2\"></span>al liabilities</div>\n<div class=\"t m0 x7 h4f yb2c ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies are <span class=\"_ _0\"></span>account<span class=\"_ _2b\"></span>ed for in the sa<span class=\"_ _0\"></span>me way as <span class=\"_ _2b\"></span>other financia<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x7 h4f yb2d ffe8 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>ies.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 662px; height: 361px; width: 349px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForReinsuranceExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag425": {
   "value": "\n<div class=\"t m0 x1a h4f y977 ffe8 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.13<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span></span><span class=\"wsfa\">Employ<span class=\"_ _2\"></span>ee benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h55 y9bc ffea fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Pension <span class=\"ls102 ws11d\">li<span class=\"_ _2\"></span>abilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9bd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ope<span class=\"_ _0\"></span>rates a num<span class=\"_ _2b\"></span>ber of defined benef<span class=\"_ _0\"></span>it and def<span class=\"_ _0\"></span>ined contr<span class=\"_ _2b\"></span>ibution</div>\n<div class=\"t m0 x1a h4f y9be ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">pension plans<span class=\"_ _2\"></span> throughout its global activit<span class=\"_ _2\"></span>ies, in accordance with lo<span class=\"_ _2\"></span>cal</div>\n<div class=\"t m0 x1a h4f y9bf ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">conditions or ind<span class=\"_ _2\"></span>ustry practices. The pension<span class=\"_ _2\"></span> plans are generally funded</div>\n<div class=\"t m0 x1a h4f y9c0 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">through p<span class=\"_ _0\"></span>ayments t<span class=\"_ _0\"></span>o insuranc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>mpanies or t<span class=\"_ _0\"></span>o trustee ad<span class=\"_ _0\"></span>mini<span class=\"lse2 wsf1\">stered </span></div>\n<div class=\"t m0 x1a h4f y9c1 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">plans. Th<span class=\"_ _0\"></span>e funding is<span class=\"_ _0\"></span> determin<span class=\"_ _0\"></span>ed by peri<span class=\"_ _2b\"></span>odic actuarial ca<span class=\"_ _0\"></span>lculati<span class=\"_ _0\"></span>ons.</div>\n<div class=\"t m0 x1a h4f y97e ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Qualifi<span class=\"_ _0\"></span>ed actua<span class=\"_ _0\"></span>ries calcu<span class=\"_ _0\"></span>late the pe<span class=\"_ _0\"></span>nsion ass<span class=\"_ _0\"></span>ets and liabi<span class=\"_ _2b\"></span>lities at least</div>\n<div class=\"t m0 x1a h4f y97f ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">annually.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y980 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y981 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A defined b<span class=\"_ _0\"></span>enefit pla<span class=\"_ _0\"></span>n is a pensio<span class=\"_ _0\"></span>n plan that de<span class=\"_ _0\"></span>fines an amo<span class=\"_ _2b\"></span>unt of</div>\n<div class=\"t m0 x1a h4f y982 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">pension <span class=\"_ _0\"></span>benefit<span class=\"_ _0\"></span> that an e<span class=\"_ _2b\"></span>mpl<span class=\"wsf0\">oyee will rece<span class=\"_ _2b\"></span>ive on retirement<span class=\"_ _0\"></span>, usually </span></div>\n<div class=\"t m0 x1a h4f y983 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dependa<span class=\"_ _2b\"></span>nt on one or more facto<span class=\"_ _0\"></span>rs such as age a<span class=\"_ _2b\"></span>nd years of service. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y984 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c2 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A defined c<span class=\"_ _0\"></span>ontribu<span class=\"_ _0\"></span>tion pla<span class=\"_ _0\"></span>n is a pension p<span class=\"_ _0\"></span>lan under w<span class=\"_ _0\"></span>hich Age<span class=\"_ _0\"></span>as pays</div>\n<div class=\"t m0 x1a h4f y9c3 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fixed co<span class=\"_ _0\"></span>ntribut<span class=\"_ _0\"></span>ions.<span class=\"_ _0\"></span> However,<span class=\"_ _0\"></span> under I<span class=\"_ _2b\"></span>AS 19, a define<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>ibution <span class=\"_ _0\"></span>plan</div>\n<div class=\"t m0 x1a h4f y9c4 ffe8 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">with<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">a guar<span class=\"_ _0\"></span>anteed <span class=\"_ _0\"></span>return is<span class=\"_ _0\"></span> treate<span class=\"_ _2b\"></span>d as a defined be<span class=\"_ _2b\"></span>nefit plan ins<span class=\"_ _0\"></span>tead of a </span></div>\n<div class=\"t m0 x1a h4f y9c5 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">defined c<span class=\"_ _0\"></span>ontrib<span class=\"_ _0\"></span>ution plan d<span class=\"_ _0\"></span>ue to the (leg<span class=\"_ _0\"></span>ally det<span class=\"_ _0\"></span>ermined) gu<span class=\"_ _2b\"></span>aranteed</div>\n<div class=\"t m0 x1a h4f y9c6 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">return i<span class=\"_ _0\"></span>ncluded<span class=\"_ _0\"></span> in thos<span class=\"_ _0\"></span>e plans.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9c7 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb9 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For defi<span class=\"_ _0\"></span>ned benefi<span class=\"_ _0\"></span>t plans, t<span class=\"_ _0\"></span>he pensio<span class=\"_ _0\"></span>n costs and re<span class=\"_ _0\"></span>lated pens<span class=\"_ _2b\"></span>ion assets</div>\n<div class=\"t m0 x1a h4f ycba ffe8 fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">or liab<span class=\"_ _2\"></span>iliti<span class=\"lse0 wsf0\">es are est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>ing the <span class=\"ls0 ws0\">P</span><span class=\"wsef\">roject<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span><span class=\"ls0 ws0\">U<span class=\"lsf4 ws10c\">nit </span>C<span class=\"lse2 ws103\">redit m<span class=\"_ _2\"></span>ethod</span> <span class=\"lse2 wsf1\">(PUC)<span class=\"lsf4 ws10c\">. </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f ycbb ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Under th<span class=\"_ _2b\"></span>is method:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbc ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse2 ws103\">Ea<span class=\"_ _2\"></span>ch period of service give<span class=\"_ _2\"></span>s rise to an additional unit<span class=\"_ _2\"></span> of benefit </span></span></div>\n<div class=\"t m0 x6c h4f ycbd ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">entitle<span class=\"_ _0\"></span>ment and ea<span class=\"_ _0\"></span>ch unit is me<span class=\"_ _0\"></span>asured sep<span class=\"_ _0\"></span>arately<span class=\"_ _0\"></span> in order to b<span class=\"_ _0\"></span>uild</div>\n<div class=\"t m0 x6c h4f ycbe ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">up the final liabi<span class=\"_ _2\"></span>lity;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycbf ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The cost of prov<span class=\"lse2 ws103\">iding these benefits is char<span class=\"_ _2\"></span>ged to the income </span></span></span></div>\n<div class=\"t m0 x6c h4f ycc0 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt to spread t<span class=\"_ _0\"></span>he pensi<span class=\"_ _0\"></span>on cost <span class=\"_ _0\"></span>over the s<span class=\"_ _2b\"></span>ervice lives <span class=\"_ _0\"></span>of the</div>\n<div class=\"t m0 x6c h4f ycc1 ffe8 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">employees;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc2 ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsfa\">The pension li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> is measu<span class=\"_ _2b\"></span>red at the pres<span class=\"_ _0\"></span>ent val<span class=\"_ _0\"></span>ue of the </span></span></div>\n<div class=\"t m0 x6c h4f ycc3 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>fut<span class=\"_ _2b\"></span>ure cash outflows<span class=\"_ _0\"></span> using inter<span class=\"_ _2b\"></span>est rates determi<span class=\"_ _0\"></span>ned by</div>\n<div class=\"t m0 x6c h4f ycc4 ffe8 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">refe<span class=\"wsf0\">renc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to ma<span class=\"_ _0\"></span>rket yiel<span class=\"_ _2b\"></span>ds on high quality co<span class=\"_ _0\"></span>rporate b<span class=\"_ _0\"></span>onds, wh<span class=\"_ _0\"></span>ich </span></div>\n<div class=\"t m0 x6c h4f ycc5 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">have te<span class=\"_ _0\"></span>rms to mat<span class=\"_ _2b\"></span>urity approx<span class=\"_ _0\"></span>imating<span class=\"_ _2b\"></span> the terms of th<span class=\"_ _0\"></span>e relate<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x6c h4f ycc6 ffe8 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">liability. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycc7 ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycc8 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rements, compri<span class=\"_ _2b\"></span>sing actuarial gai<span class=\"_ _2b\"></span>ns and losses, the eff<span class=\"_ _0\"></span>ect of</div>\n<div class=\"t m0 x1a h4f ycc9 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the asset ce<span class=\"_ _0\"></span>iling and th<span class=\"_ _2b\"></span>e return on plan asset<span class=\"_ _0\"></span>s (exclu<span class=\"_ _0\"></span>ding net int<span class=\"_ _0\"></span>erest),</div>\n<div class=\"t m0 x1a h4f yd1a ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are recognised<span class=\"_ _2\"></span> immediately in the statement<span class=\"_ _2\"></span> of financial position throu<span class=\"_ _2\"></span>gh</div>\n<div class=\"t m0 x1a h4f yc26 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">other com<span class=\"_ _0\"></span>prehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e in the repo<span class=\"_ _0\"></span>rting per<span class=\"_ _0\"></span>iod in which t<span class=\"_ _0\"></span>hey occu<span class=\"_ _0\"></span>r.</div>\n<div class=\"t m0 x1a h4f yc27 ffe8 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rements are n<span class=\"_ _0\"></span>ot recl<span class=\"_ _0\"></span>assifie<span class=\"_ _0\"></span>d to the i<span class=\"_ _2b\"></span>ncome stateme<span class=\"_ _2b\"></span>nt in</div>\n<div class=\"t m0 x1a h4f yc28 ffe8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">subsequent per<span class=\"lse0 wsf0\">iods. Net interes<span class=\"_ _0\"></span>t is calcul<span class=\"_ _2b\"></span>ated by applying the d<span class=\"_ _0\"></span>iscount </span></div>\n<div class=\"t m0 x1a h4f yc29 ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate to the net<span class=\"_ _0\"></span> defined b<span class=\"_ _0\"></span>enefit li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> or asset.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2a ffe8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc2b ffe8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Past servi<span class=\"_ _0\"></span>ce costs ar<span class=\"_ _2b\"></span>e recognised in prof<span class=\"_ _2b\"></span>it or loss on the earlie<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>of:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc2c ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The date of the plan amen<span class=\"_ _2b\"></span>dment or curtail<span class=\"_ _0\"></span>ment<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc2d ffeb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ffec\"> <span class=\"_ _46\"> </span><span class=\"ffe8 lse0 wsf0\">The date that <span class=\"lse2 ws103\">Ageas recognises res<span class=\"_ _2\"></span>tructuring</span></span><span class=\"ffe8\">-<span class=\"lse0 wsf0\">related co<span class=\"_ _0\"></span>sts.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 363px; height: 739px; width: 354px; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Assets that support<span class=\"_ _2\"></span> the pension liabilities<span class=\"_ _2\"></span> of an entity, must meet certain<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y803 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">criteri<span class=\"_ _0\"></span>a in order to be cl<span class=\"_ _2b\"></span>assified as \u2018qual<span class=\"_ _0\"></span>ifying p<span class=\"_ _0\"></span>ension pla<span class=\"_ _0\"></span>n assets\u2019.<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These c<span class=\"_ _0\"></span>riteria <span class=\"_ _0\"></span>relate t<span class=\"_ _2b\"></span>o the<span class=\"ls0 ws0\"> </span>fact that th<span class=\"_ _0\"></span>ese ass<span class=\"_ _0\"></span>ets shou<span class=\"_ _0\"></span>ld be leg<span class=\"_ _0\"></span>ally</div>\n<div class=\"t m0 x7 h4f y805 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">separat<span class=\"_ _2b\"></span>e from Ageas or <span class=\"_ _0\"></span>its cre<span class=\"_ _0\"></span>ditors. I<span class=\"_ _2b\"></span>f this is not t<span class=\"_ _0\"></span>he case,<span class=\"_ _0\"></span> the ass<span class=\"_ _0\"></span>ets</div>\n<div class=\"t m0 x7 h4f y806 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are incl<span class=\"_ _0\"></span>uded in t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>evant it<span class=\"_ _0\"></span>em on th<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent of financia<span class=\"_ _0\"></span>l posit<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x7 h4f y807 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(such as inv<span class=\"_ _2b\"></span>estments or prope<span class=\"_ _0\"></span>rty, plant<span class=\"_ _0\"></span> and equip<span class=\"_ _0\"></span>ment). If<span class=\"_ _0\"></span> the asse<span class=\"lsf4 ws10c\">ts </span></div>\n<div class=\"t m0 x7 h4f y808 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">meet th<span class=\"_ _0\"></span>e criter<span class=\"_ _0\"></span>ia, thes<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s are ne<span class=\"_ _0\"></span>tted ag<span class=\"_ _0\"></span>ainst th<span class=\"_ _0\"></span>e pensio<span class=\"_ _0\"></span>n liabil<span class=\"_ _0\"></span>ity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When the fa<span class=\"_ _0\"></span>ir value of<span class=\"_ _0\"></span> the plan ass<span class=\"_ _0\"></span>ets is nette<span class=\"_ _0\"></span>d against<span class=\"_ _0\"></span> the present<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y80b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the o<span class=\"_ _2b\"></span>bligation of a defin<span class=\"_ _0\"></span>ed benefit pl<span class=\"_ _2b\"></span>an, the resulting am<span class=\"_ _2b\"></span>ount</div>\n<div class=\"t m0 x7 h4f y80c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">could be ne<span class=\"_ _0\"></span>gative (<span class=\"_ _0\"></span>an asset). If<span class=\"_ _0\"></span> this<span class=\"ls0 ws0\"> </span>is the cas<span class=\"_ _0\"></span>e, the reco<span class=\"_ _0\"></span>gnised as<span class=\"_ _0\"></span>set</div>\n<div class=\"t m0 x7 h4f y80d ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">cannot ex<span class=\"_ _0\"></span>ceed t<span class=\"_ _0\"></span>he prese<span class=\"_ _2b\"></span>nt value of any<span class=\"_ _0\"></span> economi<span class=\"_ _0\"></span>c benef<span class=\"_ _0\"></span>its avai<span class=\"_ _0\"></span>lable i<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y80e ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the form<span class=\"_ _0\"></span> of refu<span class=\"_ _0\"></span>nds from t<span class=\"_ _2b\"></span>he plan or redu<span class=\"_ _2b\"></span>ctions in futur<span class=\"_ _2b\"></span>e contributio<span class=\"_ _0\"></span>ns to</div>\n<div class=\"t m0 x7 h4f y80f ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the plan (\u2018as<span class=\"_ _2b\"></span>set ceiling\u2019).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y810 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90a ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Benefit<span class=\"_ _0\"></span> plans that pr<span class=\"_ _0\"></span>ovide lon<span class=\"_ _0\"></span>g<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term servic<span class=\"_ _2\"></span>e be</span></span>nefits<span class=\"_ _0\"></span>, but that a<span class=\"_ _0\"></span>re not</div>\n<div class=\"t m0 x7 h4f y90b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension p<span class=\"_ _0\"></span>lans, ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d at present<span class=\"_ _0\"></span> value<span class=\"ls0 ws0\">, </span>using the pr<span class=\"_ _0\"></span>ojecte<span class=\"_ _0\"></span>d unit</div>\n<div class=\"t m0 x7 h4f y90c ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">credit m<span class=\"_ _0\"></span>ethod. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90e ffed fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas's <span class=\"lse0 wsfa\">contributions<span class=\"_ _0\"></span> to def<span class=\"_ _0\"></span>ined co<span class=\"_ _0\"></span>ntributi<span class=\"_ _2b\"></span>on pension pla<span class=\"_ _2b\"></span>ns are charged </span></div>\n<div class=\"t m0 x7 h4f y90f ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the i<span class=\"_ _0\"></span>ncome st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> in the y<span class=\"_ _2b\"></span>ear to which t<span class=\"_ _0\"></span>hey relat<span class=\"_ _2b\"></span>e, except for</div>\n<div class=\"t m0 x7 h4f y910 ffed fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">de<span class=\"wsfa\">fined c<span class=\"_ _2b\"></span>ontribution p<span class=\"_ _0\"></span>lans w<span class=\"_ _0\"></span>ith a gua<span class=\"_ _0\"></span>rantee<span class=\"_ _0\"></span>d return, t<span class=\"_ _2b\"></span>hat follow t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x7 h4f y911 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing treat<span class=\"_ _0\"></span>ment of a defi<span class=\"_ _2b\"></span>ned benefit plan.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yb2a ffef fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Other post<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">retirement<span class=\"_ _2b\"></span> liabilities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yb2b ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Some of t<span class=\"_ _2\"></span>he Ageas companie<span class=\"_ _2\"></span>s provide post<span class=\"ls0 ws0\">-</span><span class=\"lse0\">retirement e<span class=\"_ _0\"></span>mployee </span></div>\n<div class=\"t m0 x7 h4f yb2c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s to retire<span class=\"_ _0\"></span>es, such as pr<span class=\"_ _0\"></span>eferent<span class=\"_ _2b\"></span>ial int<span class=\"lse2 wsfa\">erest ra<span class=\"_ _2\"></span>te loans and health<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f yb2d ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">care insur<span class=\"_ _2b\"></span>ance. Entitleme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>to th<span class=\"_ _0\"></span>ese benef<span class=\"_ _2b\"></span>its is usually based o<span class=\"_ _0\"></span>n the</div>\n<div class=\"t m0 x7 h4f y962 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">employe<span class=\"_ _2b\"></span>e remaining in s<span class=\"_ _2b\"></span>ervice up to ret<span class=\"_ _0\"></span>irement<span class=\"_ _0\"></span> age and <span class=\"_ _2b\"></span>the completio<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y963 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of a minimu<span class=\"_ _0\"></span>m service pe<span class=\"_ _0\"></span>riod. Ex<span class=\"_ _0\"></span>pected c<span class=\"_ _0\"></span>osts of these b<span class=\"_ _2b\"></span>enefits are</div>\n<div class=\"t m0 x7 h4f y964 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accrued ov<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e period of em<span class=\"_ _2b\"></span>ployment, usin<span class=\"_ _2b\"></span>g a <span class=\"_ _2\"></span>met<span class=\"_ _0\"></span>hodolo<span class=\"_ _0\"></span>gy similar t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x7 h4f y965 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">that for def<span class=\"_ _0\"></span>ined be<span class=\"_ _0\"></span>nefit pens<span class=\"_ _0\"></span>ion plans<span class=\"_ _0\"></span>. These liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> are determi<span class=\"_ _2b\"></span>ned</div>\n<div class=\"t m0 x7 h4f y966 ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">based on <span class=\"_ _2\"></span>actuarial calculations<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h55 y897 ffef fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Equity option<span class=\"_ _2\"></span>s and equity p<span class=\"_ _2\"></span>articipation plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y898 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Share options<span class=\"_ _2\"></span> and restricted shares, both equi<span class=\"_ _2\"></span>ty settled<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">and cash sett<span class=\"_ _0\"></span>led </span></span></div>\n<div class=\"t m0 x7 h4f y899 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">plans, ar<span class=\"_ _0\"></span>e granted<span class=\"_ _0\"></span> to directo<span class=\"_ _0\"></span>rs and empl<span class=\"_ _2b\"></span>oyees for services r<span class=\"_ _0\"></span>eceive<span class=\"_ _0\"></span>d. The</div>\n<div class=\"t m0 x7 h4f y89a ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue of the s<span class=\"_ _2b\"></span>ervices rece<span class=\"_ _0\"></span>ived is <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>ned by r<span class=\"_ _0\"></span>eference t<span class=\"_ _2b\"></span>o the fair</div>\n<div class=\"t m0 x7 h4f y89b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the s<span class=\"_ _0\"></span>hare opti<span class=\"_ _0\"></span>ons and rest<span class=\"_ _0\"></span>ricted sh<span class=\"_ _0\"></span>ares gra<span class=\"_ _0\"></span>nted. The ex<span class=\"_ _2b\"></span>pense</div>\n<div class=\"t m0 x7 h4f y89c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of equity opt<span class=\"_ _2b\"></span>ions and equity pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion plans is<span class=\"_ _0\"></span> measure<span class=\"_ _0\"></span>d at the grant</div>\n<div class=\"t m0 x7 h4f y89d ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date bas<span class=\"_ _0\"></span>ed on the fair val<span class=\"_ _0\"></span>ue of the opt<span class=\"_ _0\"></span>ions and res<span class=\"_ _0\"></span>tricte<span class=\"_ _0\"></span>d shares an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>is</div>\n<div class=\"t m0 x7 h4f y89e ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement, eit<span class=\"_ _2b\"></span>her immediately at<span class=\"_ _0\"></span> grant dat<span class=\"_ _0\"></span>e if</div>\n<div class=\"t m0 x7 h4f y89f ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">there is no ves<span class=\"_ _0\"></span>ting per<span class=\"_ _0\"></span>iod, or over t<span class=\"_ _0\"></span>he vesting p<span class=\"_ _0\"></span>eriod of<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">the options and </span></span></div>\n<div class=\"t m0 x7 h4f y8a0 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">restricted share<span class=\"_ _2\"></span>s. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a1 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a2 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Equity set<span class=\"_ _0\"></span>tled pla<span class=\"_ _0\"></span>ns are acco<span class=\"_ _0\"></span>unted for as<span class=\"_ _0\"></span> an increas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in equ<span class=\"_ _2b\"></span>ity and are</div>\n<div class=\"t m0 x7 h4f y8a3 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>red for t<span class=\"_ _2b\"></span>he number of sh<span class=\"_ _2b\"></span>ares until the v<span class=\"_ _0\"></span>esting c<span class=\"_ _0\"></span>onditio<span class=\"_ _0\"></span>ns are</div>\n<div class=\"t m0 x7 h4f yb2e ffed fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">met. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2f ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb30 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Cash sett<span class=\"_ _0\"></span>led plans ar<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>nted for as an inc<span class=\"_ _2b\"></span>rease in liabilitie<span class=\"_ _0\"></span>s and<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x7 h4f yb31 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>red bot<span class=\"_ _2b\"></span>h for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd1b fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsfa\">The number of s<span class=\"_ _2b\"></span>hares until the v<span class=\"_ _2b\"></span>esting conditi<span class=\"_ _2b\"></span>ons are met<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x7 h4f yd1c fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsfa\">The change in t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of the res<span class=\"_ _2b\"></span>tricted shares<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybdc ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>red expenses are re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the incom<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>sta<span class=\"_ _0\"></span>tement du<span class=\"_ _0\"></span>ring</div>\n<div class=\"t m0 x1a h4f ybdd ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the vest<span class=\"_ _0\"></span>ing peri<span class=\"_ _2b\"></span>od. Expenses r<span class=\"_ _2b\"></span>elated to <span class=\"lse2\">current and pa<span class=\"_ _2\"></span>st periods are </span></div>\n<div class=\"t m0 x1a h4f ybde ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">directl<span class=\"_ _0\"></span>y recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he income stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybdf ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe0 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value of<span class=\"_ _0\"></span> the sha<span class=\"_ _0\"></span>re opti<span class=\"_ _0\"></span>ons is det<span class=\"_ _0\"></span>ermine<span class=\"_ _0\"></span>d using a<span class=\"_ _2b\"></span>n option<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">pricing </span></span></div>\n<div class=\"t m0 x1a h4f ybe1 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">model th<span class=\"_ _2b\"></span>at takes into ac<span class=\"_ _0\"></span>count t<span class=\"_ _0\"></span>he follo<span class=\"_ _2b\"></span>wing:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybe2 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The stock price at the g<span class=\"_ _0\"></span>rant dat<span class=\"_ _0\"></span>e;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybe3 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The exercise pric<span class=\"_ _2b\"></span>e;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybe4 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsf0\">expect<span class=\"_ _0\"></span>ed life of<span class=\"_ _0\"></span> the option;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybe5 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The expected volat<span class=\"_ _2b\"></span>ility of the underl<span class=\"_ _0\"></span>ying stock<span class=\"_ _0\"></span> and expe<span class=\"_ _0\"></span>cted </span></span></div>\n<div class=\"t m0 x6c h4f ybe6 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds on it<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and </span> </span></div>\n<div class=\"t m0 x1a h4f ybe7 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The risk</span><span class=\"ffed\">-<span class=\"lse0 wsf0\">free intere<span class=\"_ _2b\"></span>st rate over the expect<span class=\"_ _0\"></span>ed life of the o<span class=\"_ _2b\"></span>ption.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybe8 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe9 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When the opt<span class=\"_ _0\"></span>ions are ex<span class=\"_ _2b\"></span>ercised and new shar<span class=\"_ _2b\"></span>es are issued, the</div>\n<div class=\"t m0 x1a h4f ybea ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceeds recei<span class=\"_ _2\"></span>v<span class=\"lse0 wsfa\">ed,<span class=\"_ _0\"></span> net of a<span class=\"_ _0\"></span>ny trans<span class=\"_ _0\"></span>action c<span class=\"_ _0\"></span>osts, a<span class=\"_ _0\"></span>re credi<span class=\"_ _2b\"></span>ted to share </span></div>\n<div class=\"t m0 x1a h4f ybeb ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">capital (par<span class=\"_ _2\"></span> value) and the surplus to share<span class=\"_ _2\"></span> premium. If for this purpos<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x1a h4f ybec ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">own shar<span class=\"_ _2b\"></span>es have been rep<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>ed, thes<span class=\"_ _0\"></span>e will b<span class=\"_ _0\"></span>e elimi<span class=\"_ _0\"></span>nated fr<span class=\"_ _2b\"></span>om</div>\n<div class=\"t m0 x1a h4f ybed ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">treasu<span class=\"_ _0\"></span>ry stock.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 819px; height: 278px; width: 353px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 293px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x1a h55 yb3e ffef fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee ent<span class=\"_ _2\"></span>itlements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yb3f ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee ent<span class=\"_ _2\"></span>itlements to<span class=\"ls0 ws0\"> </span><span class=\"ws103\">ann<span class=\"_ _2\"></span>ual leave and long<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">service leav<span class=\"_ _0\"></span>e are </span></span></span></div>\n<div class=\"t m0 x1a h4f yb40 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed when t<span class=\"_ _0\"></span>hey accru<span class=\"_ _0\"></span>e to employ<span class=\"_ _0\"></span>ees. A<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">provision is made for<span class=\"_ _2\"></span> the </span></span></div>\n<div class=\"t m0 x1a h4f yb41 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estimat<span class=\"_ _2b\"></span>ed liability f<span class=\"_ _0\"></span>or annua<span class=\"_ _0\"></span>l leave a<span class=\"_ _2b\"></span>nd long<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">service lea<span class=\"_ _0\"></span>ve as a result<span class=\"_ _0\"></span> of </span></div>\n<div class=\"t m0 x1a h4f yb42 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">service<span class=\"_ _0\"></span>s rende<span class=\"_ _0\"></span>red by em<span class=\"_ _0\"></span>ployees <span class=\"_ _2b\"></span>up to the date of<span class=\"_ _0\"></span> the st<span class=\"_ _0\"></span>atemen<span class=\"_ _0\"></span>t of</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 725px; height: 361px; width: 353px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 834px; width: 353px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag428": {
   "value": "\n<div class=\"t m0 x7 h55 y897 ffef fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Equity option<span class=\"_ _2\"></span>s and equity p<span class=\"_ _2\"></span>articipation plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y898 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Share options<span class=\"_ _2\"></span> and restricted shares, both equi<span class=\"_ _2\"></span>ty settled<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">and cash sett<span class=\"_ _0\"></span>led </span></span></div>\n<div class=\"t m0 x7 h4f y899 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">plans, ar<span class=\"_ _0\"></span>e granted<span class=\"_ _0\"></span> to directo<span class=\"_ _0\"></span>rs and empl<span class=\"_ _2b\"></span>oyees for services r<span class=\"_ _0\"></span>eceive<span class=\"_ _0\"></span>d. The</div>\n<div class=\"t m0 x7 h4f y89a ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue of the s<span class=\"_ _2b\"></span>ervices rece<span class=\"_ _0\"></span>ived is <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>ned by r<span class=\"_ _0\"></span>eference t<span class=\"_ _2b\"></span>o the fair</div>\n<div class=\"t m0 x7 h4f y89b ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of the s<span class=\"_ _0\"></span>hare opti<span class=\"_ _0\"></span>ons and rest<span class=\"_ _0\"></span>ricted sh<span class=\"_ _0\"></span>ares gra<span class=\"_ _0\"></span>nted. The ex<span class=\"_ _2b\"></span>pense</div>\n<div class=\"t m0 x7 h4f y89c ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of equity opt<span class=\"_ _2b\"></span>ions and equity pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion plans is<span class=\"_ _0\"></span> measure<span class=\"_ _0\"></span>d at the grant</div>\n<div class=\"t m0 x7 h4f y89d ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date bas<span class=\"_ _0\"></span>ed on the fair val<span class=\"_ _0\"></span>ue of the opt<span class=\"_ _0\"></span>ions and res<span class=\"_ _0\"></span>tricte<span class=\"_ _0\"></span>d shares an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>is</div>\n<div class=\"t m0 x7 h4f y89e ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement, eit<span class=\"_ _2b\"></span>her immediately at<span class=\"_ _0\"></span> grant dat<span class=\"_ _0\"></span>e if</div>\n<div class=\"t m0 x7 h4f y89f ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">there is no ves<span class=\"_ _0\"></span>ting per<span class=\"_ _0\"></span>iod, or over t<span class=\"_ _0\"></span>he vesting p<span class=\"_ _0\"></span>eriod of<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">the options and </span></span></div>\n<div class=\"t m0 x7 h4f y8a0 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">restricted share<span class=\"_ _2\"></span>s. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8a1 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8a2 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Equity set<span class=\"_ _0\"></span>tled pla<span class=\"_ _0\"></span>ns are acco<span class=\"_ _0\"></span>unted for as<span class=\"_ _0\"></span> an increas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in equ<span class=\"_ _2b\"></span>ity and are</div>\n<div class=\"t m0 x7 h4f y8a3 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>red for t<span class=\"_ _2b\"></span>he number of sh<span class=\"_ _2b\"></span>ares until the v<span class=\"_ _0\"></span>esting c<span class=\"_ _0\"></span>onditio<span class=\"_ _0\"></span>ns are</div>\n<div class=\"t m0 x7 h4f yb2e ffed fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">met. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2f ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb30 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Cash sett<span class=\"_ _0\"></span>led plans ar<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>nted for as an inc<span class=\"_ _2b\"></span>rease in liabilitie<span class=\"_ _0\"></span>s and<span class=\"ls0 ws0\"> </span><span class=\"wsef\">are </span></div>\n<div class=\"t m0 x7 h4f yb31 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remeasu<span class=\"_ _0\"></span>red bot<span class=\"_ _2b\"></span>h for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd1b fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsfa\">The number of s<span class=\"_ _2b\"></span>hares until the v<span class=\"_ _2b\"></span>esting conditi<span class=\"_ _2b\"></span>ons are met<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and</span> </span></span></span></div>\n<div class=\"t m0 x7 h4f yd1c fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsfa\">The change in t<span class=\"_ _2b\"></span>he fair value <span class=\"_ _0\"></span>of the res<span class=\"_ _2b\"></span>tricted shares<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybdc ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>red expenses are re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the incom<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>sta<span class=\"_ _0\"></span>tement du<span class=\"_ _0\"></span>ring</div>\n<div class=\"t m0 x1a h4f ybdd ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the vest<span class=\"_ _0\"></span>ing peri<span class=\"_ _2b\"></span>od. Expenses r<span class=\"_ _2b\"></span>elated to <span class=\"lse2\">current and pa<span class=\"_ _2\"></span>st periods are </span></div>\n<div class=\"t m0 x1a h4f ybde ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">directl<span class=\"_ _0\"></span>y recogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _2b\"></span>he income stat<span class=\"_ _2b\"></span>ement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybdf ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe0 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value of<span class=\"_ _0\"></span> the sha<span class=\"_ _0\"></span>re opti<span class=\"_ _0\"></span>ons is det<span class=\"_ _0\"></span>ermine<span class=\"_ _0\"></span>d using a<span class=\"_ _2b\"></span>n option<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">pricing </span></span></div>\n<div class=\"t m0 x1a h4f ybe1 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">model th<span class=\"_ _2b\"></span>at takes into ac<span class=\"_ _0\"></span>count t<span class=\"_ _0\"></span>he follo<span class=\"_ _2b\"></span>wing:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ybe2 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The stock price at the g<span class=\"_ _0\"></span>rant dat<span class=\"_ _0\"></span>e;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybe3 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The exercise pric<span class=\"_ _2b\"></span>e;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ybe4 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse2 wsf1\">T<span class=\"_ _2\"></span>he <span class=\"lse0 wsf0\">expect<span class=\"_ _0\"></span>ed life of<span class=\"_ _0\"></span> the option;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybe5 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The expected volat<span class=\"_ _2b\"></span>ility of the underl<span class=\"_ _0\"></span>ying stock<span class=\"_ _0\"></span> and expe<span class=\"_ _0\"></span>cted </span></span></div>\n<div class=\"t m0 x6c h4f ybe6 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds on it<span class=\"ls0 ws0\">; <span class=\"lse2 wsf1\">and </span> </span></div>\n<div class=\"t m0 x1a h4f ybe7 fff0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"fff1\"> <span class=\"_ _46\"> </span><span class=\"ffed lse0 wsf0\">The risk</span><span class=\"ffed\">-<span class=\"lse0 wsf0\">free intere<span class=\"_ _2b\"></span>st rate over the expect<span class=\"_ _0\"></span>ed life of the o<span class=\"_ _2b\"></span>ption.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f ybe8 ffed fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ybe9 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">When the opt<span class=\"_ _0\"></span>ions are ex<span class=\"_ _2b\"></span>ercised and new shar<span class=\"_ _2b\"></span>es are issued, the</div>\n<div class=\"t m0 x1a h4f ybea ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceeds recei<span class=\"_ _2\"></span>v<span class=\"lse0 wsfa\">ed,<span class=\"_ _0\"></span> net of a<span class=\"_ _0\"></span>ny trans<span class=\"_ _0\"></span>action c<span class=\"_ _0\"></span>osts, a<span class=\"_ _0\"></span>re credi<span class=\"_ _2b\"></span>ted to share </span></div>\n<div class=\"t m0 x1a h4f ybeb ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">capital (par<span class=\"_ _2\"></span> value) and the surplus to share<span class=\"_ _2\"></span> premium. If for this purpos<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x1a h4f ybec ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">own shar<span class=\"_ _2b\"></span>es have been rep<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>ed, thes<span class=\"_ _0\"></span>e will b<span class=\"_ _0\"></span>e elimi<span class=\"_ _0\"></span>nated fr<span class=\"_ _2b\"></span>om</div>\n<div class=\"t m0 x1a h4f ybed ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">treasu<span class=\"_ _0\"></span>ry stock.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 819px; height: 278px; width: 353px; z-index: 6;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 268px; height: 293px; width: 353px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag434": {
   "value": "\n<div class=\"t m0 x1a h55 y991 ffef fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y992 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Provisi<span class=\"_ _0\"></span>ons are l<span class=\"_ _2b\"></span>iabilities inv<span class=\"_ _2b\"></span>olving uncert<span class=\"_ _0\"></span>ainties i<span class=\"_ _2b\"></span>n the amount o<span class=\"_ _0\"></span>r timin<span class=\"_ _0\"></span>g</div>\n<div class=\"t m0 x1a h4f y993 ffed fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">of payment. Pro<span class=\"_ _2\"></span>visions are recognised if ther<span class=\"_ _2\"></span>e is a present obligation<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y994 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(legal or co<span class=\"_ _0\"></span>nstruct<span class=\"_ _0\"></span>ive) to tra<span class=\"_ _0\"></span>nsfer eco<span class=\"_ _0\"></span>nomic b<span class=\"lse1 ws104\">enefits, s<span class=\"_ _2b\"></span>uch as cash flows, </span></div>\n<div class=\"t m0 x1a h4f y995 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a result of p<span class=\"_ _0\"></span>ast events<span class=\"_ _0\"></span> and if a reliab<span class=\"_ _0\"></span>le estim<span class=\"_ _0\"></span>ate can be mad<span class=\"_ _0\"></span>e at the</div>\n<div class=\"t m0 x1a h4f y996 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date of t<span class=\"_ _2b\"></span>he statement of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial pos<span class=\"_ _2b\"></span>ition. Provisi<span class=\"_ _0\"></span>ons are e<span class=\"_ _0\"></span>stablis<span class=\"_ _0\"></span>hed for</div>\n<div class=\"t m0 x1a h4f y997 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n guarant<span class=\"_ _0\"></span>ee contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>for w<span class=\"_ _0\"></span>hich Ageas<span class=\"_ _0\"></span> is respons<span class=\"_ _2b\"></span>ible to pay upon</div>\n<div class=\"t m0 x1a h4f y9c8 ffed fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">default<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">of payment.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Provi<span class=\"_ _0\"></span>sions ar<span class=\"_ _0\"></span>e estimat<span class=\"_ _0\"></span>ed based on a<span class=\"_ _0\"></span>ll relevant </span></span></div>\n<div class=\"t m0 x1a h4f y9c9 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">factors<span class=\"_ _0\"></span> and inf<span class=\"_ _0\"></span>ormatio<span class=\"_ _2b\"></span>n existing at th<span class=\"_ _2b\"></span>e date of the stat<span class=\"_ _2b\"></span>ement of fina<span class=\"_ _2b\"></span>ncial</div>\n<div class=\"t m0 x1a h4f y9ca ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n and are typic<span class=\"_ _2b\"></span>ally discounte<span class=\"_ _2b\"></span>d at <span class=\"_ _2\"></span>the ri<span class=\"_ _2b\"></span>sk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">free rate.</span> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 504px; height: 157px; width: 353px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag439": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 y99b ffef fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Contingencies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y99c ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Contingencies<span class=\"_ _0\"></span> are those uncertai<span class=\"_ _2b\"></span>nties of which<span class=\"ls0 ws0\"> </span>an amount<span class=\"_ _2b\"></span> cannot be</div>\n<div class=\"t m0 x1a h4f y99d ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reasonably est<span class=\"_ _0\"></span>imated or when it is<span class=\"_ _0\"></span> not probable t<span class=\"_ _0\"></span>hat payment will be</div>\n<div class=\"t m0 x1a h4f y99e ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">required to sett<span class=\"_ _0\"></span>le the obligation.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 57px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 62px; width: 353px; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Commitments</div>\n<div class=\"t m0 x7 h63 y17d6 ff35d fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Commitments receiv<span class=\"lsf8 ws16a\">ed and given</span><span class=\"ls0\"> </span></div>\n<div class=\"t m0 x7 h63 y17d7 ff35d fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">are detailed <span class=\"ws113\">as follows.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y724 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff35b fs3c fc10 sc0 lsef ws10a\" style=\"left: 324px; bottom: 816px; z-index: 15;\">Commit<span class=\"_ _2\"></span>ments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y1550 ff35b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 607px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y1550 ff35b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 718px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff35e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y608 ff35e fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y608 ff35e fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff35b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Commitment Received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5f4 ff35b fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h52 y5f4 ff35b fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Credit lines<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 771px; z-index: 15;\">1,527<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 771px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Collateral and guarantees re<span class=\"_ _0\"></span>ceived<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 756px; z-index: 15;\">4,574<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 756px; z-index: 15;\">4,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff35b fs3c fc14 sc0 lse8 wsf9\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Other off<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">balance sheet rights</span> </span></div>\n<div class=\"t m0 x1d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 673px; bottom: 741px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 741px; z-index: 15;\">207<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff35f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Total received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 727px; z-index: 15;\">6,122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 727px; z-index: 15;\">5,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y5fc ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y5fc ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff35b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 697px; z-index: 15;\">Commitment Given<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h54 y601 ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y601 ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff35b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 682px; z-index: 15;\">Guarantees, Financial and Performance Letters of Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5fc ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 682px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5fc ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 682px; z-index: 15;\">199<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 667px; z-index: 15;\">Available credit lines<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y601 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 667px; z-index: 15;\">523<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 667px; z-index: 15;\">1,024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 652px; z-index: 15;\">Collateral and guarantees given<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y180c ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 652px; z-index: 15;\">2,287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y180c ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 652px; z-index: 15;\">2,184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 637px; z-index: 15;\">Entrusted assets and r<span class=\"_ _0\"></span>eceivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 637px; z-index: 15;\">691<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 637px; z-index: 15;\">738<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff35b fs3c fc14 sc0 lsec wsf3\" style=\"left: 324px; bottom: 623px; z-index: 15;\">Capi<span class=\"_ _2\"></span>tal right<span class=\"_ _2\"></span>s &amp; comm<span class=\"_ _2\"></span>itments<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 623px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 623px; z-index: 15;\">292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff35b fs3c fc14 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 608px; z-index: 15;\">Real Es<span class=\"_ _0\"></span>tate com<span class=\"_ _2b\"></span>mitments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 608px; z-index: 15;\">345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 608px; z-index: 15;\">531<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff35b fs3c fc14 sc0 lse8 wsf9\" style=\"left: 324px; bottom: 593px; z-index: 15;\">Other off<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">balance sheet commitments</span> </span></div>\n<div class=\"t m0 x45 h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 593px; z-index: 15;\">776<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 593px; z-index: 15;\">1,297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff35f fs3c fc10 sc0 lse8 ws0\" style=\"left: 324px; bottom: 578px; z-index: 15;\">Total given<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f2 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 578px; z-index: 15;\">5,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f2 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 578px; z-index: 15;\">6,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1ddd ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1dde ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1ddf ff35b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The collat<span class=\"_ _0\"></span>eral and<span class=\"_ _0\"></span> guarant<span class=\"_ _0\"></span>ees receiv<span class=\"_ _2b\"></span>ed relate mainly<span class=\"_ _0\"></span> to resident<span class=\"_ _0\"></span>ial mortg<span class=\"_ _2b\"></span>ages and to a lesser ext<span class=\"_ _2b\"></span>ent</div>\n<div class=\"t m0 x26 h4f y1de0 ff35b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">on policyholder<span class=\"_ _2\"></span> loans and commercial loans. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1de1 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1de2 ff35b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other off<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">balance<span class=\"_ _2\"></span> sheet commitments as at 31</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsf1\">2022</span> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">inc<span class=\"_ _0\"></span>lude EUR<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">250</span> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion</span> <span class=\"ls102 ws11d\">in </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1de3 ff35b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding cred<span class=\"_ _0\"></span>it bids<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">(31</span> </span><span class=\"wsef\">Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2021<span class=\"lsfa ws136\">: EUR<span class=\"_ _2\"></span></span></span> <span class=\"lse2 wsf1\">521</span> <span class=\"ls102 ws11d\">millio<span class=\"_ _2\"></span>n</span></span>).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y1de4 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1de5 ff35b fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In December<span class=\"_ _2\"></span> 2021, Ageas SA/NV<span class=\"_ _2\"></span> put two<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Revolving C<span class=\"_ _0\"></span>redit Fac<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> in place, EU<span class=\"_ _0\"></span>R 250 millio<span class=\"_ _0\"></span>n with a </span></span></div>\n<div class=\"t m0 x26 h4f y1de6 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">3-<span class=\"lse0 wsf0\">year tenor, and EU<span class=\"_ _0\"></span>R 250 milli<span class=\"_ _2b\"></span>on with a 5<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">ye<span class=\"_ _2b\"></span>ar tenor,<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">each with the opt<span class=\"_ _2\"></span>ion to request two one</span>-</span><span class=\"wsef\">year </span></span></span></div>\n<div class=\"t m0 x26 h4f y1de7 ff35b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">extensi<span class=\"_ _0\"></span>ons of th<span class=\"_ _2b\"></span>e expiration <span class=\"_ _0\"></span>date. Th<span class=\"_ _0\"></span>is is inc<span class=\"_ _0\"></span>luded in t<span class=\"_ _2b\"></span>he line \u2018cred<span class=\"_ _0\"></span>it lines<span class=\"_ _0\"></span> receive<span class=\"_ _2b\"></span>d\u2019. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 394px; height: 567px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 394px; height: 567px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 394px; height: 567px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Contingent</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">liabilit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h6a y724 ff3c5 fs46 fc10 sc0 ls10b ws12e\" style=\"z-index: 15;\">43.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a ydeb ff3c5 fs46 fc10 sc0 ls10e ws131\" style=\"z-index: 15;\">Contingent liab<span class=\"_ _2\"></span>ilities related to</div>\n<div class=\"t m0 x7 h6a y1f07 ff3c5 fs46 fc10 sc0 ls10e ws131\" style=\"z-index: 15;\">legal proc<span class=\"_ _2\"></span>eedings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 y1a8b ff3c6 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Like any other financial g<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>oup,</div>\n<div class=\"t m0 x7 h63 y1f08 ff3c6 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Ageas group<span class=\"ls0 ws0\"> <span class=\"lsf6\">is involved as a </span></span></div>\n<div class=\"t m0 x7 h63 y1f09 ff3c6 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">defendant in various claim<span class=\"_ _0\"></span>s,</div>\n<div class=\"t m0 x7 h63 y1f0a ff3c6 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">disputes and legal proceed<span class=\"_ _0\"></span>ings</div>\n<div class=\"t m0 x7 h63 y1f0b ff3c6 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">arising in the ordinary course of its</div>\n<div class=\"t m0 x7 h63 y1f0c ff3c6 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">business.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1f0d ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f0e ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In addit<span class=\"_ _0\"></span>ion, as a <span class=\"_ _2b\"></span>result of the <span class=\"_ _0\"></span>events a<span class=\"_ _0\"></span>nd devel<span class=\"_ _0\"></span>opments<span class=\"_ _0\"></span> surro<span class=\"_ _0\"></span>unding t<span class=\"_ _0\"></span>he forme<span class=\"_ _0\"></span>r Forti<span class=\"_ _0\"></span>s group b<span class=\"_ _2b\"></span>etween</div>\n<div class=\"t m0 x26 h4f y1f0f ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">May 2007<span class=\"_ _2\"></span> and October 2008 <span class=\"_ _2\"></span>(e<span class=\"lse0\">.g. t<span class=\"_ _2b\"></span>he acquisitio<span class=\"_ _0\"></span>n of part<span class=\"_ _2b\"></span>s of ABN AMRO a<span class=\"_ _0\"></span>nd the c<span class=\"_ _0\"></span>apital i<span class=\"_ _0\"></span>ncrease i<span class=\"_ _2b\"></span>n </span></div>\n<div class=\"t m0 x26 h4f y1f10 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">September/Octo<span class=\"_ _2\"></span>ber 2007, the an<span class=\"_ _2\"></span>nouncement of the s<span class=\"_ _2\"></span>olvency plan in <span class=\"_ _2\"></span>June 2008, the<span class=\"_ _2\"></span> divestment of</div>\n<div class=\"t m0 x26 h4f y1f11 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">banking act<span class=\"_ _2b\"></span>ivities and Dutc<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>ins<span class=\"_ _0\"></span>urance act<span class=\"_ _0\"></span>ivitie<span class=\"_ _0\"></span>s in Septemb<span class=\"_ _2b\"></span>er/October 2008<span class=\"_ _0\"></span>), Ageas h<span class=\"_ _0\"></span>as becom<span class=\"_ _0\"></span><span class=\"wsef\">e </span></div>\n<div class=\"t m0 x26 h4f y1f12 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">involv<span class=\"_ _0\"></span>ed in legal proc<span class=\"_ _2b\"></span>eedings. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f13 ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f14 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 14 March 2<span class=\"_ _0\"></span>016 Ageas e<span class=\"_ _0\"></span>ntered int<span class=\"_ _2b\"></span>o a EUR<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">1<span class=\"_ _2\"></span>.2</span> </span><span class=\"wsfa\">billion s<span class=\"_ _2b\"></span>ettlement agr<span class=\"_ _0\"></span>eement w<span class=\"_ _2b\"></span>ith several cl<span class=\"_ _0\"></span>aimant </span></div>\n<div class=\"t m0 x26 h4f y1f15 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">organis<span class=\"_ _0\"></span>ations th<span class=\"_ _2b\"></span>at represent a seri<span class=\"_ _0\"></span>es of share<span class=\"_ _0\"></span>holders i<span class=\"_ _0\"></span>n collecti<span class=\"_ _2b\"></span>ve claims before th<span class=\"_ _2b\"></span>e Belgian and</div>\n<div class=\"t m0 x26 h4f y1f16 ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Dutch co<span class=\"_ _2b\"></span>urts. On 23 May <span class=\"_ _0\"></span>2016 th<span class=\"_ _0\"></span>e parties t<span class=\"_ _2b\"></span>o the settlem<span class=\"_ _0\"></span>ent, i.e.<span class=\"_ _0\"></span> Ageas, <span class=\"_ _2b\"></span>Deminor, Stic<span class=\"_ _0\"></span>hting</div>\n<div class=\"t m0 x26 h4f y1f17 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">FortisEf<span class=\"_ _0\"></span>fect, St<span class=\"_ _0\"></span>ichting Inv<span class=\"_ _2b\"></span>estor Claims Aga<span class=\"_ _2b\"></span>inst Fortis, VEB an<span class=\"_ _0\"></span>d Stichti<span class=\"_ _0\"></span>ng FORset<span class=\"_ _0\"></span>tleme<span class=\"_ _0\"></span>nt request<span class=\"_ _0\"></span>ed</div>\n<div class=\"t m0 x26 h4f y1f18 ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the Amst<span class=\"_ _2b\"></span>erdam Court of <span class=\"_ _0\"></span>Appea<span class=\"_ _0\"></span>l to decla<span class=\"_ _2b\"></span>re the settlem<span class=\"_ _0\"></span>ent bin<span class=\"_ _0\"></span>ding for <span class=\"_ _2b\"></span>all eligible F<span class=\"_ _2b\"></span>ortis share<span class=\"wsef\">hol<span class=\"_ _2b\"></span>ders </span></div>\n<div class=\"t m0 x26 h4f y1f19 ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">who woul<span class=\"_ _0\"></span>d not opt<span class=\"_ _0\"></span> out bef<span class=\"_ _2b\"></span>ore the expiry <span class=\"_ _0\"></span>of a giv<span class=\"_ _0\"></span>en perio<span class=\"_ _2b\"></span>d, in accordanc<span class=\"_ _2b\"></span>e with the Dutc<span class=\"_ _0\"></span>h Act on</div>\n<div class=\"t m0 x26 h4f y1f1a ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Collect<span class=\"_ _0\"></span>ive Settl<span class=\"_ _2b\"></span>ement of Mass Claims<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>(Wet Co<span class=\"_ _2b\"></span>llectieve Afwik<span class=\"_ _2b\"></span>keling Massasc<span class=\"_ _0\"></span>hade). Ag<span class=\"_ _0\"></span>eas also</div>\n<div class=\"t m0 x26 h4f y1f1b ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reache<span class=\"_ _0\"></span>d an agreem<span class=\"_ _0\"></span>ent with Mr A<span class=\"_ _0\"></span>rnauts an<span class=\"_ _0\"></span>d Mr Lensse<span class=\"_ _0\"></span>ns, two att<span class=\"_ _0\"></span>o<span class=\"lse2 wsfa\">rneys who l<span class=\"_ _2\"></span>aunched legal action<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x26 h4f y1f1c ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">against Agea<span class=\"_ _2\"></span>s on behalf of a<span class=\"_ _2\"></span> number of clai<span class=\"_ _2\"></span>mants, and in 2017<span class=\"_ _2\"></span> with the Luxem<span class=\"_ _2\"></span>bourg based</div>\n<div class=\"t m0 x26 h4f y1f1d ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">company<span class=\"_ _0\"></span> Archa<span class=\"_ _0\"></span>nd s.\u00e0.<span class=\"_ _0\"></span>r.l. and af<span class=\"_ _0\"></span>filiat<span class=\"_ _0\"></span>ed pers<span class=\"_ _0\"></span>ons, to s<span class=\"_ _2b\"></span>upport the sett<span class=\"_ _2b\"></span>lement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f1e ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f1f ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 16 June 2017, the<span class=\"_ _2\"></span> court took the interim de<span class=\"_ _2\"></span>cision not to<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">declare t<span class=\"_ _0\"></span>he settl<span class=\"_ _2b\"></span>ement binding i<span class=\"_ _2b\"></span>n its </span></span></div>\n<div class=\"t m0 x26 h4f y1f20 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initial f<span class=\"_ _2\"></span>ormat. As per 16<span class=\"_ _2\"></span> October 2017, Agea<span class=\"_ _2\"></span>s decided to make<span class=\"_ _2\"></span> a final additional<span class=\"_ _2\"></span> effort of EUR 1<span class=\"_ _2\"></span>00</div>\n<div class=\"t m0 x26 h4f y1f21 ff3c3 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">million.<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f22 ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f23 ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Per 12 December 2017<span class=\"_ _2\"></span>, the parties submitted<span class=\"_ _2\"></span> an amended and restated settleme<span class=\"_ _2\"></span>nt agreement to the</div>\n<div class=\"t m0 x26 h4f y1f24 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">court. Con<span class=\"_ _2b\"></span>s<span class=\"lse2 ws103\">umen<span class=\"_ _2\"></span>tenclaim, an opponent of the<span class=\"_ _2\"></span> settlement in its initial<span class=\"_ _2\"></span> 2016 format, agreed to suppor<span class=\"_ _2\"></span>t </span></div>\n<div class=\"t m0 x26 h4f y1f25 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the 2017<span class=\"_ _2\"></span> settlement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f26 ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f27 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 13 July 201<span class=\"_ _2b\"></span>8 <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e Amsterda<span class=\"_ _2b\"></span>m Appeal Court decl<span class=\"_ _2b\"></span>ared the settleme<span class=\"_ _0\"></span>nt binding o<span class=\"_ _2b\"></span>n Eligible</div>\n<div class=\"t m0 x26 h4f y1f28 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Shareholders<span class=\"_ _2\"></span> (i.e. persons who<span class=\"_ _2\"></span> held Fortis share<span class=\"_ _2\"></span>s at any <span class=\"lse0 wsf0\">time between c<span class=\"_ _0\"></span>lose of bus<span class=\"_ _0\"></span>iness on 28 </span></div>\n<div class=\"t m0 x26 h4f y1f29 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Februa<span class=\"_ _0\"></span>ry 2007 and<span class=\"_ _0\"></span> close of busi<span class=\"_ _0\"></span>ness on 14 Oct<span class=\"_ _0\"></span>ober 2008).<span class=\"_ _0\"></span> Ageas wa<span class=\"_ _0\"></span>ived its te<span class=\"_ _0\"></span>rminati<span class=\"_ _2b\"></span>on right on 21</div>\n<div class=\"t m0 x26 h4f y1f2a ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">December 2018<span class=\"_ _2\"></span>, effectively making<span class=\"_ _2\"></span> the settlement <span class=\"_ _2\"></span>final.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f2b ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f2c ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t Eligible Shareholders were<span class=\"_ _2\"></span> entitled to compensat<span class=\"lse0 wsfa\">ion for the ev<span class=\"_ _2b\"></span>ents of 2007<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">2008, </span></span></span></div>\n<div class=\"t m0 x26 h4f y1f2d ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subject t<span class=\"_ _2b\"></span>o a full relea<span class=\"_ _0\"></span>se of lia<span class=\"_ _2b\"></span>bility with res<span class=\"_ _2b\"></span>pect to these ev<span class=\"_ _2b\"></span>ents, and in acc<span class=\"_ _2b\"></span>ordance with t<span class=\"_ _0\"></span>he (othe<span class=\"_ _0\"></span>r)</div>\n<div class=\"t m0 x26 h4f y1f2e ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">terms of the sett<span class=\"_ _2\"></span>lement agreement. It further<span class=\"_ _2\"></span> means that Eligible Shareholde<span class=\"_ _2\"></span>rs who did not timely opt</div>\n<div class=\"t m0 x26 h4f y1f2f ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">out (i.e.<span class=\"_ _2b\"></span> at the <span class=\"lse2 ws103\">latest on 31 Decemb<span class=\"_ _2\"></span>er 2018), regardless of whet<span class=\"_ _2\"></span>her or not they timely filed a c<span class=\"_ _2\"></span>laim </span></div>\n<div class=\"t m0 x26 h4f y1f30 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">form, wer<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>by op<span class=\"_ _0\"></span>eration of<span class=\"_ _0\"></span> law, deem<span class=\"_ _2b\"></span>ed to have granted<span class=\"_ _0\"></span> such releas<span class=\"_ _0\"></span>e of liabilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d to have waiv<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x26 h4f y1f31 ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">any rights in con<span class=\"_ _2\"></span>nection with the events.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 270px; height: 691px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The claims <span class=\"_ _2\"></span>filing period star<span class=\"_ _2\"></span>ted on 27 July <span class=\"_ _2\"></span>2018 and ended on<span class=\"_ _2\"></span> 28 July</div>\n<div class=\"t m0 x7 h4f y803 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2019. As at 31 D<span class=\"_ _2b\"></span>ecember 2022, an a<span class=\"_ _0\"></span>mount of EUR<span class=\"_ _0\"></span> 1,309 mil<span class=\"_ _0\"></span>lion had</div>\n<div class=\"t m0 x7 h4f y804 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">already b<span class=\"_ _0\"></span>een paid out<span class=\"_ _0\"></span> to Eligib<span class=\"_ _0\"></span>le Shareho<span class=\"_ _0\"></span>lders and a re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g</div>\n<div class=\"t m0 x7 h4f y805 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provisi<span class=\"_ _0\"></span>on of EUR<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">1.3 million had been recogn<span class=\"_ _2\"></span>ised for the settlement </span></span></div>\n<div class=\"t m0 x7 h4f y806 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(see note 25 P<span class=\"_ _2b\"></span>rovisions).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 23 June 2022 Agea<span class=\"_ _2\"></span>s announced that, except for<span class=\"_ _2\"></span> a limited number of</div>\n<div class=\"t m0 x7 h4f y809 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unresol<span class=\"_ _0\"></span>ved clai<span class=\"_ _2b\"></span>ms, the settl<span class=\"_ _0\"></span>ement wo<span class=\"_ _0\"></span>uld be cl<span class=\"_ _0\"></span>osed. F<span class=\"_ _0\"></span>inal pay<span class=\"_ _2b\"></span>ments</div>\n<div class=\"t m0 x7 h4f y80a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ed at the end of Au<span class=\"_ _0\"></span>gust 2022.<span class=\"_ _0\"></span> The po<span class=\"wsfa\">tent<span class=\"_ _0\"></span>ial cost<span class=\"_ _2b\"></span>s that Ageas <span class=\"_ _0\"></span>has </span></div>\n<div class=\"t m0 x7 h4f y80b ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">agreed to b<span class=\"_ _0\"></span>ear for the rem<span class=\"_ _0\"></span>aining u<span class=\"_ _0\"></span>nresolve<span class=\"_ _0\"></span>d claims ha<span class=\"_ _0\"></span>ve been prov<span class=\"_ _2b\"></span>ided</div>\n<div class=\"t m0 x7 h4f y80c ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for in the pro<span class=\"_ _0\"></span>vision ref<span class=\"_ _0\"></span>erred to ab<span class=\"_ _0\"></span>ove.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1f37 ff3cc fs46 fc10 sc0 ls0 ws0\" style=\"z-index: 15;\">R<span class=\"ls10e ws131\">esidual <span class=\"_ _2\"></span>proceedings</span> </div>\n<div class=\"t m0 x7 h4f y1355 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Now that the sett<span class=\"_ _2\"></span>lement has become final, the par<span class=\"_ _2\"></span>ties who supported the</div>\n<div class=\"t m0 x7 h4f y1356 ff3ca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">settlem<span class=\"_ _2b\"></span>ent <span class=\"lse2 wsfa\">c<span class=\"_ _2\"></span>ommitted to termina<span class=\"_ _2\"></span>te their legal pro<span class=\"_ _2\"></span>ceedings.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1357 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1358 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The parti<span class=\"_ _0\"></span>es who time<span class=\"_ _0\"></span>ly submitt<span class=\"_ _2b\"></span>ed an opt<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">out notice m<span class=\"_ _2b\"></span>ay resume their </span></div>\n<div class=\"t m0 x7 h4f y1359 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">legal pro<span class=\"_ _0\"></span>ceedin<span class=\"_ _0\"></span>gs in the Neth<span class=\"_ _2b\"></span>erlands or, as the cas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ma<span class=\"_ _0\"></span>y be, resume o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x7 h4f y135a ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ue their <span class=\"_ _0\"></span>legal proc<span class=\"_ _2b\"></span>eedings in B<span class=\"_ _0\"></span>elgium.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y135b ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y135c ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the sec<span class=\"_ _2b\"></span>tions below <span class=\"lse2 ws103\">we give a comprehensive update of all<span class=\"_ _2\"></span> residual </span></div>\n<div class=\"t m0 x7 h4f y135d ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings whi<span class=\"_ _2\"></span>ch were either terminated<span class=\"_ _2\"></span> in 2022, or not terminated b<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h4f y135e ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">31 Decemb<span class=\"_ _2b\"></span>er 2022. These const<span class=\"_ _0\"></span>itute co<span class=\"_ _0\"></span>ntingent<span class=\"_ _0\"></span> liabilit<span class=\"_ _2b\"></span>ies without</div>\n<div class=\"t m0 x7 h4f y135f ff3ca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provisi<span class=\"_ _0\"></span>ons.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1f38 ff3ca fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.1<span class=\"ls0 ws0\"> <span class=\"_ _13c\"> </span><span class=\"lse0 wsf0\">In the Netherla<span class=\"_ _2b\"></span>nds <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 y1f39 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.1.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Cebu<span class=\"_ _2\"></span>lon</span> </span></div>\n<div class=\"t m0 x7 h4f y1f3a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 14 July 202<span class=\"_ _2b\"></span>0, Dutch investme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>com<span class=\"_ _2b\"></span>pany Cebulon init<span class=\"_ _2b\"></span>iated legal</div>\n<div class=\"t m0 x7 h4f y1f3b ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings aga<span class=\"_ _2\"></span>inst Ageas and some co<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">de<span class=\"_ _2\"></span>fendants regarding<span class=\"_ _2\"></span> alleged </span></div>\n<div class=\"t m0 x7 h4f y1f3c ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">misleading commun<span class=\"_ _2\"></span>ication in 2007<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">2008. In its cap<span class=\"_ _0\"></span>acity of for<span class=\"_ _2b\"></span>mer Fortis </span></span></div>\n<div class=\"t m0 x7 h4f y1f3d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>older, Ceb<span class=\"_ _2b\"></span>ulon claims a compe<span class=\"_ _0\"></span>nsatio<span class=\"_ _0\"></span>n for the <span class=\"lse2 ws103\">allegedly suffered<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1f3e ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">damages.<span class=\"_ _0\"></span> The fo<span class=\"_ _0\"></span>rum is th<span class=\"_ _0\"></span>e Utrec<span class=\"_ _0\"></span>ht court <span class=\"_ _0\"></span>of first<span class=\"_ _0\"></span> insta<span class=\"_ _0\"></span>nce. An</div>\n<div class=\"t m0 x7 h4f y1f3f ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">introduc<span class=\"_ _0\"></span>tory hea<span class=\"_ _2b\"></span>ring took place on 9 Sept<span class=\"_ _2b\"></span>ember 2020 in Utrec<span class=\"_ _2b\"></span>ht. The</div>\n<div class=\"t m0 x7 h4f y1f40 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">parties are<span class=\"_ _2\"></span> now exchanging wri<span class=\"_ _2\"></span>tten submissions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y1f41 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.1.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsfa\">Du<span class=\"_ _2\"></span>tch individual inves<span class=\"_ _2\"></span>tor</span> </span></div>\n<div class=\"t m0 x7 h4f y1f42 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 29 Ja<span class=\"_ _0\"></span>nuary 2<span class=\"_ _0\"></span>021, a Dut<span class=\"_ _0\"></span>c<span class=\"lse2\">h individual in<span class=\"_ _2\"></span>vestor initiated l<span class=\"_ _2\"></span>egal </span></div>\n<div class=\"t m0 x7 h4f y1f43 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings aga<span class=\"_ _2\"></span>inst Ageas. He claimed a com<span class=\"_ _2\"></span>pensation for the</div>\n<div class=\"t m0 x7 h4f y1f44 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">damages <span class=\"_ _0\"></span>he alle<span class=\"_ _0\"></span>gedly suf<span class=\"_ _2b\"></span>fered pursua<span class=\"_ _0\"></span>nt to the F<span class=\"_ _2b\"></span>ortis crisis<span class=\"_ _0\"></span> in 2007<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1f45 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">2008. The forum i<span class=\"_ _2\"></span>s the Utrecht court of first in<span class=\"_ _2\"></span>stance. An introductory</div>\n<div class=\"t m0 x7 h4f y1f46 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hearin<span class=\"_ _0\"></span>g was held <span class=\"wsfa\">on 1<span class=\"_ _0\"></span>0 March <span class=\"_ _0\"></span>2021. Th<span class=\"_ _2b\"></span>e parties agree<span class=\"_ _2b\"></span>d to terminat<span class=\"_ _0\"></span>e the </span></div>\n<div class=\"t m0 x7 h4f y1f47 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings in<span class=\"_ _2\"></span> June 2022.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1f48 ff3ca fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2<span class=\"ls0 ws0\"> <span class=\"_ _13c\"> </span><span class=\"lse0 wsf0\">In Belgium</span> </span></div>\n<div class=\"t m0 x7 h55 y1f49 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Modr<span class=\"_ _2\"></span>ikamen</span> </span></div>\n<div class=\"t m0 x7 h4f y1f4a ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 28 January 2009<span class=\"_ _2\"></span>, a series of shareholders<span class=\"_ _2\"></span> represented by Mr</div>\n<div class=\"t m0 x7 h4f y1f4b ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Modrikamen br<span class=\"_ _2\"></span>ought an action be<span class=\"_ _2\"></span>fore the Brussels<span class=\"_ _2\"></span> Commercial Court</div>\n<div class=\"t m0 x7 h4f y1f4c ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initially<span class=\"_ _2\"></span> reque<span class=\"lse0\">sting <span class=\"_ _0\"></span>the annu<span class=\"_ _2b\"></span>lment of the sa<span class=\"_ _0\"></span>le of AS<span class=\"_ _0\"></span>R to the <span class=\"_ _0\"></span>Dutch <span class=\"_ _0\"></span>State </span></div>\n<div class=\"t m0 x7 h4f y1f4d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and the sal<span class=\"_ _0\"></span>e of Fortis Ba<span class=\"_ _2b\"></span>nk <span class=\"_ _2\"></span>to SF<span class=\"_ _2b\"></span>PI (and subseque<span class=\"_ _0\"></span>ntly to BN<span class=\"_ _0\"></span>P Paribas<span class=\"_ _0\"></span>),</div>\n<div class=\"t m0 x1a h4f y1f4e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or alternat<span class=\"_ _2\"></span>ively damages. On <span class=\"_ _2\"></span>8 December 2009, <span class=\"_ _2\"></span>the Court inter<span class=\"_ _2\"></span> alia</div>\n<div class=\"t m0 x1a h4f y1f4f ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">decided t<span class=\"_ _2b\"></span>hat it was not c<span class=\"_ _0\"></span>ompete<span class=\"_ _2b\"></span>nt to judge on act<span class=\"_ _2b\"></span>ions against t<span class=\"_ _0\"></span>he Dutc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x1a h4f y1f50 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">defendants.<span class=\"_ _2\"></span> On 17 January 2013<span class=\"_ _2\"></span>, the Brussels Cour<span class=\"_ _2\"></span>t of Appeal</div>\n<div class=\"t m0 x1a h4f y1f51 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">confirmed thi<span class=\"_ _2\"></span>s judgment in this respect. In<span class=\"_ _2\"></span> July 2014, Mr Modrikamen</div>\n<div class=\"t m0 x1a h4f y1f52 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">filed an ap<span class=\"_ _2\"></span>peal before the S<span class=\"_ _2\"></span>upreme Court on <span class=\"_ _2\"></span>this issue. On 23<span class=\"_ _2\"></span> October</div>\n<div class=\"t m0 x1a h4f y1f53 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">2015 the<span class=\"_ _2\"></span> Supreme Court rejec<span class=\"_ _2\"></span>ted this appeal.<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Mr Mod<span class=\"_ _0\"></span>rikame<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>cont<span class=\"_ _2b\"></span>inued </span></span></div>\n<div class=\"t m0 x1a h4f y1f54 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the proc<span class=\"_ _2b\"></span>eedings befor<span class=\"_ _0\"></span>e the com<span class=\"_ _2b\"></span>mercial court<span class=\"_ _0\"></span> regardi<span class=\"_ _2b\"></span>ng the sale of F<span class=\"_ _2b\"></span>ortis</div>\n<div class=\"t m0 x1a h4f y1f55 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Bank, ai<span class=\"_ _0\"></span>ming at t<span class=\"_ _2b\"></span>he payment of <span class=\"_ _0\"></span>a compe<span class=\"_ _0\"></span>nsation b<span class=\"_ _2b\"></span>y BNP Paribas t<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x1a h4f y1f56 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas, as w<span class=\"_ _2b\"></span>ell as by Ageas to the cla<span class=\"_ _0\"></span>imants. I<span class=\"_ _0\"></span>n an interim ju<span class=\"_ _2b\"></span>dgment of 4</div>\n<div class=\"t m0 x1a h4f y1f57 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">November 2014, the<span class=\"_ _2\"></span> co<span class=\"lse0 wsf0\">urt d<span class=\"_ _0\"></span>eclared a<span class=\"_ _0\"></span>bout 50% of th<span class=\"_ _0\"></span>e origin<span class=\"_ _0\"></span>al claimant<span class=\"_ _2b\"></span>s </span></div>\n<div class=\"t m0 x1a h4f y1f58 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not admis<span class=\"_ _2b\"></span>sible. On 29 A<span class=\"_ _0\"></span>pril 20<span class=\"_ _0\"></span>16 the B<span class=\"_ _0\"></span>russels <span class=\"_ _0\"></span>Commerc<span class=\"_ _2b\"></span>ial Court</div>\n<div class=\"t m0 x1a h4f y1f59 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">decided t<span class=\"_ _2b\"></span>o suspend the <span class=\"_ _0\"></span>procee<span class=\"_ _0\"></span>dings aw<span class=\"_ _2b\"></span>aiting the out<span class=\"_ _0\"></span>come of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y1f5a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">crimina<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>proc<span class=\"_ _2b\"></span>edure. The proceed<span class=\"_ _2b\"></span>ings are now reacti<span class=\"_ _0\"></span>vated an<span class=\"_ _0\"></span>d the</div>\n<div class=\"t m0 x1a h4f y1f5b ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">parties<span class=\"_ _0\"></span> are excha<span class=\"wsfa\">n<span class=\"_ _0\"></span>ging writ<span class=\"_ _0\"></span>ten su<span class=\"_ _0\"></span>bmissi<span class=\"_ _0\"></span>ons. Not<span class=\"_ _2b\"></span>hing is claime<span class=\"_ _2b\"></span>d anymore </span></div>\n<div class=\"t m0 x1a h4f y1f5c ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">from Age<span class=\"_ _0\"></span>as in th<span class=\"_ _0\"></span>ese proc<span class=\"_ _0\"></span>eedings<span class=\"_ _0\"></span>. On 7 J<span class=\"_ _0\"></span>une 2020,<span class=\"_ _0\"></span> Ageas e<span class=\"_ _2b\"></span>ntered into a</div>\n<div class=\"t m0 x1a h4f y1f5d ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">settlem<span class=\"_ _2b\"></span>ent agreement w<span class=\"_ _2b\"></span>ith Mr Modrikam<span class=\"_ _2b\"></span>en and his cli<span class=\"_ _0\"></span>ents who t<span class=\"_ _0\"></span>imely</div>\n<div class=\"t m0 x1a h4f y1f5e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">filed an op<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">-</span><span class=\"lse0\">out not<span class=\"_ _0\"></span>ice, purs<span class=\"_ _2b\"></span>uant to which t<span class=\"_ _2b\"></span>hese persons n<span class=\"_ _0\"></span>o longe<span class=\"_ _0\"></span><span class=\"wsef\">r </span></span></div>\n<div class=\"t m0 x1a h4f y1f5f ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ue these pro<span class=\"_ _0\"></span>ceeding<span class=\"_ _0\"></span>s against A<span class=\"_ _2b\"></span>geas SA/NV.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y1f60 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2.2 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Demino<span class=\"_ _2\"></span>r</span> </span></div>\n<div class=\"t m0 x1a h4f y1f61 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 13 January 2010<span class=\"_ _2\"></span>, a series of shareholders<span class=\"_ _2\"></span> associated with Deminor</div>\n<div class=\"t m0 x1a h4f y1f62 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">International<span class=\"_ _2\"></span> (currently named D<span class=\"_ _2\"></span>RS Belgium) brought a<span class=\"_ _2\"></span>n action before<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1f63 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Brussels Commer<span class=\"_ _2\"></span>cial Court, seeking damages<span class=\"_ _2\"></span> based <span class=\"wsfa\">on alleged </span></div>\n<div class=\"t m0 x1a h4f y1f64 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lack of/o<span class=\"_ _0\"></span>r mislead<span class=\"_ _0\"></span>ing infor<span class=\"_ _2b\"></span>mation by Fortis du<span class=\"_ _0\"></span>ring the per<span class=\"_ _0\"></span>iod from Mar<span class=\"_ _2b\"></span>ch</div>\n<div class=\"t m0 x1a h4f y1f65 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2007 to Oct<span class=\"_ _0\"></span>ober 2008.<span class=\"_ _0\"></span> On 28 April<span class=\"_ _0\"></span> 2014, the cou<span class=\"_ _0\"></span>rt declare<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>in an int<span class=\"_ _2b\"></span>erim</div>\n<div class=\"t m0 x1a h4f y1f66 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgme<span class=\"_ _0\"></span>nt about 2<span class=\"_ _2b\"></span>5% of the claim<span class=\"_ _2b\"></span>ants not admis<span class=\"_ _0\"></span>sible. T<span class=\"_ _0\"></span>he parti<span class=\"_ _2b\"></span>es are in</div>\n<div class=\"t m0 x1a h4f y1f67 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the cours<span class=\"_ _0\"></span>e of terminat<span class=\"_ _2b\"></span>ing these proce<span class=\"_ _0\"></span>edings.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y1f68 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2.3 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse0 wsf0\">Other claims on b<span class=\"_ _0\"></span>ehalf of in<span class=\"_ _0\"></span>dividua<span class=\"_ _0\"></span>l shareh<span class=\"_ _0\"></span>olders<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y1f69 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 12 Sept<span class=\"_ _2\"></span>ember 2012, Patripar<span class=\"_ _2\"></span>t, a (former) <span class=\"_ _2\"></span>Fortis shareholder,<span class=\"_ _2\"></span> and its</div>\n<div class=\"t m0 x1a h4f y1f6a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">parent c<span class=\"_ _0\"></span>ompany Patr<span class=\"_ _2b\"></span>invest, brought an ac<span class=\"_ _0\"></span>tion bef<span class=\"_ _2b\"></span>ore the Brussels</div>\n<div class=\"t m0 x1a h4f y1f6b ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Commercial <span class=\"_ _2\"></span>Court, seeking dama<span class=\"_ _2\"></span>ges based on al<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">le<span class=\"_ _0\"></span>ged lack of or </span></div>\n<div class=\"t m0 x1a h4f y1f6c ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">mislead<span class=\"_ _2b\"></span>ing information in t<span class=\"_ _0\"></span>he conte<span class=\"_ _0\"></span>xt of the 2007 ri<span class=\"_ _2b\"></span>ghts issue. On 1</div>\n<div class=\"t m0 x1a h4f y1f6d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Februa<span class=\"_ _0\"></span>ry 2016 the co<span class=\"_ _0\"></span>urt fully rej<span class=\"_ _2b\"></span>ected the claim. O<span class=\"_ _0\"></span>n 16 March 20<span class=\"_ _0\"></span>16,</div>\n<div class=\"t m0 x1a h4f y1f6e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Patrinvest <span class=\"_ _2\"></span>filed an appeal be<span class=\"_ _2\"></span>fore the Brussel<span class=\"_ _2\"></span>s Appeal Court. T<span class=\"_ _2\"></span>he parties</div>\n<div class=\"t m0 x1a h4f y1f6f ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are exchangi<span class=\"_ _2\"></span>ng their last wr<span class=\"_ _2\"></span>i<span class=\"lse0 wsf0\">tte<span class=\"_ _0\"></span>n submiss<span class=\"_ _0\"></span>ions and ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>await<span class=\"_ _2b\"></span>ing a </span></div>\n<div class=\"t m0 x1a h4f y1f70 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">pleadi<span class=\"_ _0\"></span>ng date a<span class=\"_ _0\"></span>nd the co<span class=\"_ _0\"></span>urt\u2019s d<span class=\"_ _0\"></span>ecision<span class=\"_ _2b\"></span>, for which no d<span class=\"_ _0\"></span>ate has y<span class=\"_ _2b\"></span>et been</div>\n<div class=\"t m0 x1a h4f y1f71 ff3ca fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">set.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1f72 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f73 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 29 Apri<span class=\"_ _2\"></span>l 2013, a serie<span class=\"_ _2\"></span>s of shareholder<span class=\"_ _2\"></span>s represented by M<span class=\"_ _2\"></span>r Arnauts</div>\n<div class=\"t m0 x1a h4f y1f74 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">brought an<span class=\"_ _2\"></span> action before the<span class=\"_ _2\"></span> Brussels Commercial<span class=\"_ _2\"></span> Court, seeking</div>\n<div class=\"t m0 x1a h4f y1f75 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">damages ba<span class=\"ws103\">sed<span class=\"_ _2\"></span> on alleged incomplete or mi<span class=\"_ _2\"></span>sleading information by </span></div>\n<div class=\"t m0 x1a h4f y1f76 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Fortis i<span class=\"_ _0\"></span>n 2007 an<span class=\"_ _2b\"></span>d 2008; this act<span class=\"_ _2b\"></span>ion was suspen<span class=\"_ _2b\"></span>ded awaiting t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y1f77 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outcom<span class=\"_ _0\"></span>e of the c<span class=\"_ _0\"></span>riminal <span class=\"_ _0\"></span>procee<span class=\"_ _0\"></span>dings. T<span class=\"_ _0\"></span>he part<span class=\"_ _0\"></span>ies are i<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>urse of</div>\n<div class=\"t m0 x1a h4f y1f78 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">terminating <span class=\"_ _2\"></span>these proceedings.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1f79 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f7a ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 19 Sep<span class=\"_ _0\"></span>tember <span class=\"_ _2b\"></span>2013, certain (f<span class=\"_ _2b\"></span>orm<span class=\"lse2 ws103\">er) Fortis<span class=\"_ _2\"></span> shareholders </span></div>\n<div class=\"t m0 x1a h4f y1f7b ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">represe<span class=\"_ _0\"></span>nted by M<span class=\"_ _2b\"></span>r Lenssens init<span class=\"_ _2b\"></span>iated a simil<span class=\"_ _0\"></span>ar actio<span class=\"_ _2b\"></span>n before the</div>\n<div class=\"t m0 x1a h4f y1f7c ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Brussels Civil Cou<span class=\"_ _2\"></span>rt; this action was susp<span class=\"_ _2\"></span>ended awaiting the outcome of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1f7d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the crimi<span class=\"_ _0\"></span>nal proce<span class=\"_ _0\"></span>edings.<span class=\"_ _0\"></span> The parties<span class=\"_ _2b\"></span> are in the course of ter<span class=\"_ _0\"></span>minatin<span class=\"_ _2b\"></span>g</div>\n<div class=\"t m0 x1a h4f y1f7e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">these proce<span class=\"_ _2\"></span>edings.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 267px; height: 839px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff3d3 fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.3<span class=\"ls0 ws0\"> <span class=\"_ _13c\"> </span><span class=\"lse2 wsfa\">Hold <span class=\"_ _2\"></span>harmless undertakin<span class=\"_ _2\"></span>gs</span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In 2008,<span class=\"_ _0\"></span> Fortis <span class=\"_ _0\"></span>granted c<span class=\"_ _0\"></span>ertain f<span class=\"_ _2b\"></span>ormer executiv<span class=\"_ _2b\"></span>es and direct<span class=\"_ _2b\"></span>ors, at the</div>\n<div class=\"t m0 x7 h4f y804 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">time of the<span class=\"_ _0\"></span>ir depart<span class=\"_ _0\"></span>ure, a contr<span class=\"_ _0\"></span>actual ho<span class=\"_ _0\"></span>ld harml<span class=\"_ _0\"></span>ess protect<span class=\"_ _2b\"></span>ion covering</div>\n<div class=\"t m0 x7 h4f y805 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">legal ex<span class=\"_ _0\"></span>penses a<span class=\"_ _2b\"></span>nd, in certai<span class=\"_ _0\"></span>n cases,<span class=\"_ _0\"></span> also <span class=\"lse2 ws103\">the financial consequence<span class=\"_ _2\"></span>s of </span></div>\n<div class=\"t m0 x7 h4f y806 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">any judicial<span class=\"_ _2\"></span> decisions, in the event that lega<span class=\"_ _2\"></span>l proceedings were brough<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x7 h4f y807 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">against<span class=\"_ _0\"></span> them on t<span class=\"_ _2b\"></span>he basis of the<span class=\"_ _0\"></span>ir mand<span class=\"_ _0\"></span>ates ex<span class=\"_ _0\"></span>ercised <span class=\"_ _0\"></span>within t<span class=\"_ _2b\"></span>he Fortis</div>\n<div class=\"t m0 x7 h4f y808 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">group. Ageas con<span class=\"_ _2\"></span>tests the validity of the con<span class=\"_ _2\"></span>tractual hold harmless</div>\n<div class=\"t m0 x7 h4f y809 ff3d3 fs3a fc14 sc0 lsfa ws11e\" style=\"z-index: 15;\">commitmen<span class=\"_ _2\"></span>ts t<span class=\"lse0 wsfa\">o the exte<span class=\"_ _2b\"></span>nt they relate<span class=\"_ _0\"></span> to the fi<span class=\"_ _2b\"></span>nancial conseq<span class=\"_ _0\"></span>uences <span class=\"_ _2b\"></span>of </span></div>\n<div class=\"t m0 x7 h4f y80a ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any judic<span class=\"_ _0\"></span>ial decisi<span class=\"_ _2b\"></span>ons.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Furtherm<span class=\"_ _2b\"></span>ore, and as st<span class=\"_ _0\"></span>andard m<span class=\"_ _2b\"></span>arket practic<span class=\"_ _0\"></span>e in this k<span class=\"_ _2b\"></span>ind of operati<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x7 h4f y80d ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas e<span class=\"_ _0\"></span>ntered i<span class=\"_ _0\"></span>nto agr<span class=\"_ _0\"></span>eements<span class=\"_ _0\"></span> with c<span class=\"_ _0\"></span>ertain f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al insti<span class=\"_ _0\"></span>tutions<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y80e ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">facilitat<span class=\"_ _2b\"></span>ing the placing of F<span class=\"_ _0\"></span>ortis<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">shar<span class=\"_ _2b\"></span>es in the contex<span class=\"_ _2b\"></span>t of the capital<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y80f ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>es of 2007 and 2008. Th<span class=\"_ _0\"></span>ese agre<span class=\"_ _0\"></span>ements co<span class=\"_ _0\"></span>ntain ind<span class=\"_ _2b\"></span>emnification</div>\n<div class=\"t m0 x7 h4f y810 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">clauses t<span class=\"_ _2b\"></span>hat imply hol<span class=\"_ _2b\"></span>d harmless obl<span class=\"_ _0\"></span>igation<span class=\"_ _0\"></span>s for Age<span class=\"_ _2b\"></span>as subject to c<span class=\"_ _0\"></span>ertain</div>\n<div class=\"t m0 x7 h4f y90a ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">terms and co<span class=\"_ _2b\"></span>nditions. Som<span class=\"_ _0\"></span>e of these fina<span class=\"_ _2b\"></span>ncial instituti<span class=\"_ _0\"></span>ons are inv<span class=\"_ _2b\"></span>olved in</div>\n<div class=\"t m0 x7 h4f y90b ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">certain leg<span class=\"_ _2\"></span>al proceedings men<span class=\"_ _2\"></span>tioned in this chap<span class=\"_ _2\"></span>ter.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90c ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90d ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the cont<span class=\"_ _0\"></span>ext of a sett<span class=\"_ _0\"></span>lement wit<span class=\"_ _0\"></span>h the unde<span class=\"_ _2b\"></span>rwriters of D&amp;O liab<span class=\"_ _0\"></span>ility</div>\n<div class=\"t m0 x7 h4f y90e ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">insurance and Publ<span class=\"_ _2\"></span>ic Offering of Securities<span class=\"_ _2\"></span> Insurance policies relating<span class=\"_ _2\"></span> to</div>\n<div class=\"t m0 x7 h4f y90f ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the eve<span class=\"_ _0\"></span>nts and d<span class=\"_ _0\"></span>evelopm<span class=\"_ _0\"></span>ents su<span class=\"_ _2b\"></span>rrounding the f<span class=\"_ _0\"></span>ormer F<span class=\"_ _0\"></span>ortis<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">Group in </span></span></div>\n<div class=\"t m0 x7 h4f y910 ff3d3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2007 <span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">2008, A<span class=\"_ _2b\"></span>geas grante<span class=\"_ _0\"></span>d a hold h<span class=\"_ _0\"></span>armless<span class=\"_ _0\"></span> undert<span class=\"_ _0\"></span>aking i<span class=\"_ _0\"></span>n favour <span class=\"_ _2b\"></span>of </span></span></div>\n<div class=\"t m0 x7 h4f y911 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the insurers fo<span class=\"_ _2\"></span>r the aggregate amount of cove<span class=\"_ _2\"></span>rage under the policies</div>\n<div class=\"t m0 x7 h4f y912 ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">concerned. <span class=\"_ _2\"></span>In addition, Agea<span class=\"_ _2\"></span>s granted certain ind<span class=\"_ _2\"></span>emnity and hold</div>\n<div class=\"t m0 x7 h4f y913 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">harmless<span class=\"_ _0\"></span> undert<span class=\"_ _2b\"></span>akings in fav<span class=\"_ _0\"></span>our of c<span class=\"_ _0\"></span>ertain f<span class=\"_ _2b\"></span><span class=\"wsf0\">ormer Fortis exec<span class=\"_ _2b\"></span>utives and </span></div>\n<div class=\"t m0 x7 h4f y914 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">directors and of<span class=\"_ _2\"></span> BNP Paribas Fortis relating<span class=\"_ _2\"></span> to future defence costs,<span class=\"_ _2\"></span> as</div>\n<div class=\"t m0 x7 h4f y915 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">well as i<span class=\"_ _2b\"></span>n favour of the d<span class=\"_ _0\"></span>irecto<span class=\"_ _0\"></span>rs of th<span class=\"_ _0\"></span>e two Dut<span class=\"_ _0\"></span>ch foun<span class=\"_ _0\"></span>dations c<span class=\"_ _2b\"></span>reated in</div>\n<div class=\"t m0 x7 h4f y916 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cont<span class=\"_ _0\"></span>ext of t<span class=\"_ _0\"></span>he settl<span class=\"_ _0\"></span>ement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1f85 ff3d5 fs46 fc10 sc0 ls100 ws11a\" style=\"z-index: 15;\">43.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1f86 ff3d5 fs46 fc10 sc0 ls10e ws131\" style=\"z-index: 15;\">Contingent liab<span class=\"_ _2\"></span>ilities for hybrid <span class=\"_ _2\"></span>instrument<span class=\"ls13e ws165\">s of <span class=\"_ _2\"></span></span></div>\n<div class=\"t m0 x7 h6a y1f87 ff3d5 fs46 fc10 sc0 ls10f ws132\" style=\"z-index: 15;\">former subsidiar<span class=\"_ _2b\"></span>i<span class=\"_ _2\"></span>es<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1083 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2007 BNP P<span class=\"_ _2b\"></span>aribas Fortis SA/N<span class=\"_ _2b\"></span>V <span class=\"_ _2\"></span>issu<span class=\"_ _2b\"></span>ed CASHES (Conv<span class=\"_ _0\"></span>ertible A<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x7 h4f y1084 ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subordinated <span class=\"_ _2\"></span>Hybrid Equity<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">linked Securit<span class=\"_ _0\"></span>ies), wit<span class=\"_ _0\"></span>h Ageas SA/<span class=\"_ _0\"></span>NV acting </span></span></div>\n<div class=\"t m0 x7 h4f y1085 ff3d3 fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">as co<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">obli<span class=\"_ _0\"></span>gor (BNP<span class=\"_ _0\"></span> Paribas Fort<span class=\"_ _2b\"></span>is SA/NV was at that <span class=\"wsfa\">p<span class=\"_ _0\"></span>oint in t<span class=\"_ _0\"></span>ime a </span></span></span></div>\n<div class=\"t m0 x7 h4f y1086 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subsidi<span class=\"_ _0\"></span>ary). F<span class=\"_ _0\"></span>rom the o<span class=\"_ _0\"></span>rigina<span class=\"_ _0\"></span>l 12,000 <span class=\"_ _0\"></span>securit<span class=\"_ _0\"></span>ies issu<span class=\"_ _0\"></span>ed, 3,<span class=\"_ _0\"></span>326 secu<span class=\"_ _0\"></span>rities</div>\n<div class=\"t m0 x1a h4f y1f88 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remain out<span class=\"_ _2b\"></span>standing, repr<span class=\"_ _2b\"></span>esenting an aggr<span class=\"_ _0\"></span>egate pri<span class=\"_ _0\"></span>ncipal am<span class=\"_ _2b\"></span>ount of EUR</div>\n<div class=\"t m0 x1a h4f y1f89 ff3d3 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">831.5<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million. </span> </span></div>\n<div class=\"t m0 x1a h4f y1f8a ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f8b ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The secur<span class=\"_ _0\"></span>ities hav<span class=\"_ _0\"></span>e no maturit<span class=\"_ _0\"></span>y date and ca<span class=\"_ _0\"></span>nnot be rep<span class=\"_ _0\"></span>aid in cash, t<span class=\"_ _0\"></span>hey</div>\n<div class=\"t m0 x1a h4f y1f8c ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">can only be ex<span class=\"_ _0\"></span>change<span class=\"_ _0\"></span>d into <span class=\"wsef\">Ageas<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">shares at a pr<span class=\"_ _0\"></span>ice of EUR 239.<span class=\"_ _2b\"></span>40 per </span></span></span></div>\n<div class=\"t m0 x1a h4f y1f8d ff3d3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">share. A mandat<span class=\"_ _2b\"></span>ory exchange tak<span class=\"_ _0\"></span>es place if th<span class=\"_ _0\"></span>e price of the </span></span></div>\n<div class=\"t m0 x1a h4f y1f8e ff3d3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">share is equal to or hi<span class=\"_ _2b\"></span>gher than EUR 359.<span class=\"_ _2b\"></span>10 on twenty </span></span></div>\n<div class=\"t m0 x1a h4f y1f8f ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consec<span class=\"_ _0\"></span>utive stoc<span class=\"_ _0\"></span>k exchan<span class=\"_ _0\"></span>ge busin<span class=\"_ _0\"></span>ess days. BN<span class=\"_ _0\"></span>P Pariba<span class=\"_ _0\"></span>s Fortis SA/<span class=\"_ _0\"></span>NV</div>\n<div class=\"t m0 x1a h4f y1f90 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">owns 3,47<span class=\"_ _0\"></span>3,271<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Ageas</span> </span>shares for t<span class=\"_ _0\"></span>he purpos<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e potential ex<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1f91 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the CASH<span class=\"_ _0\"></span>ES. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1f92 ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f93 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The sole <span class=\"_ _2b\"></span>recourse of t<span class=\"_ _0\"></span>he holder<span class=\"_ _0\"></span>s of the C<span class=\"_ _2b\"></span>ASHES against<span class=\"_ _2b\"></span> any of the co<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1f94 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">obligors with re<span class=\"_ _2\"></span>spect to the principal amount<span class=\"_ _2\"></span> are the Ageas shares that</div>\n<div class=\"t m0 x1a h4f y1f95 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">BNP Pari<span class=\"_ _0\"></span>bas Fortis<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>SA/N<span class=\"_ _0\"></span>V holds, th<span class=\"_ _0\"></span>ese shar<span class=\"_ _0\"></span>es are pled<span class=\"_ _0\"></span>ged in favou<span class=\"_ _0\"></span>r of</div>\n<div class=\"t m0 x1a h4f y1f96 ff3d3 fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">suc<span class=\"lse0 wsf0\">h holders<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1f97 ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f98 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">BNP Paribas Forti<span class=\"_ _2\"></span>s SA/NV pays the coupon on the CASHES<span class=\"_ _2\"></span>, in</div>\n<div class=\"t m0 x1a h4f y1f99 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">quarter<span class=\"_ _0\"></span>ly arrears<span class=\"_ _0\"></span>, at a variab<span class=\"_ _0\"></span>le rate of 3 mo<span class=\"_ _0\"></span>nth Eurib<span class=\"_ _0\"></span>or plus 200 b<span class=\"_ _0\"></span>asis</div>\n<div class=\"t m0 x1a h4f y1f9a ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">points, <span class=\"_ _0\"></span>up to th<span class=\"_ _0\"></span>e exchan<span class=\"_ _2b\"></span>ge of the secu<span class=\"_ _0\"></span>rities fo<span class=\"_ _0\"></span>r Ageas <span class=\"_ _0\"></span>shares. I<span class=\"_ _2b\"></span>n the</div>\n<div class=\"t m0 x1a h4f y1f9b ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event that<span class=\"_ _0\"></span> Ageas decl<span class=\"_ _0\"></span>ares no div<span class=\"_ _0\"></span>idend on i<span class=\"wsfa\">t<span class=\"_ _0\"></span>s shares<span class=\"_ _0\"></span>, or t<span class=\"_ _0\"></span>hat the </span></div>\n<div class=\"t m0 x1a h4f y1f9c ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds to be decla<span class=\"_ _2b\"></span>red are below a thres<span class=\"_ _0\"></span>hold wit<span class=\"_ _0\"></span>h respect to any<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x1a h4f y1f9d ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al year <span class=\"_ _0\"></span>(divide<span class=\"_ _0\"></span>nd yiel<span class=\"_ _0\"></span>d less th<span class=\"_ _0\"></span>an 0.5%<span class=\"_ _0\"></span>), and in<span class=\"_ _0\"></span> certai<span class=\"_ _0\"></span>n other</div>\n<div class=\"t m0 x1a h4f y1f9e ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">circumstances<span class=\"_ _2\"></span>, coupons will manda<span class=\"_ _2\"></span>torily need to<span class=\"_ _2\"></span> be settled by Agea<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y1f9f ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">SA/NV via issuan<span class=\"_ _2\"></span>ce of new sha<span class=\"lse0 wsfa\">res in ac<span class=\"_ _0\"></span>corda<span class=\"_ _0\"></span>nce wit<span class=\"_ _0\"></span>h the so c<span class=\"_ _0\"></span>alled </span></div>\n<div class=\"t m0 x1a h4f y1fa0 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Alternative Cou<span class=\"_ _2\"></span>pon Settlement Method (ACSM), whi<span class=\"_ _2\"></span>le BNP Paribas</div>\n<div class=\"t m0 x1a h4f y1fa1 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Fortis S<span class=\"_ _0\"></span>A/NV w<span class=\"_ _0\"></span>ould nee<span class=\"_ _2b\"></span>d to issue instru<span class=\"_ _0\"></span>ments t<span class=\"_ _0\"></span>hat qua<span class=\"_ _0\"></span>lify as <span class=\"_ _0\"></span>hybrid T<span class=\"_ _0\"></span>ier</div>\n<div class=\"t m0 x1a h4f y1fa2 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">1 instrum<span class=\"_ _0\"></span>ents to Age<span class=\"_ _0\"></span>as as compe<span class=\"_ _0\"></span>nsatio<span class=\"_ _0\"></span>n for the coup<span class=\"_ _0\"></span>ons paid by A<span class=\"_ _2b\"></span>geas</div>\n<div class=\"t m0 x1a h4f y1fa3 ff3d3 fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">SA/NV. If the <span class=\"lse2 ws103\">ACSM is triggered<span class=\"_ _2\"></span> and there is insufficient ava<span class=\"_ _2\"></span>ilable </span></div>\n<div class=\"t m0 x1a h4f y1fa4 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">authoris<span class=\"_ _2b\"></span>ed capital to enabl<span class=\"_ _0\"></span>e Ageas SA/<span class=\"_ _0\"></span>NV to meet th<span class=\"_ _0\"></span>e ACSM obli<span class=\"_ _0\"></span>gation,<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1fa5 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cou<span class=\"_ _0\"></span>pon sett<span class=\"_ _0\"></span>lement w<span class=\"_ _2b\"></span>ill be postpon<span class=\"_ _0\"></span>ed until s<span class=\"_ _2b\"></span>uch time as the <span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> to</div>\n<div class=\"t m0 x1a h4f y1fa6 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">issue shares is<span class=\"_ _2\"></span> restored. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1fa7 ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1fa8 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In an agreem<span class=\"_ _2b\"></span>ent reached in <span class=\"lse2 ws103\">2012, that amongst other<span class=\"_ _2\"></span>s led to the tender </span></div>\n<div class=\"t m0 x1a h4f y1fa9 ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and subsequen<span class=\"_ _2\"></span>t exchange of CAS<span class=\"_ _2\"></span>HES, Ageas agreed <span class=\"_ _2\"></span>to pay an annual</div>\n<div class=\"t m0 x1a h4f y1faa ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">indemn<span class=\"_ _0\"></span>ity to BNP Par<span class=\"_ _2b\"></span>ibas Fortis SA/NV t<span class=\"_ _0\"></span>hat equal<span class=\"_ _0\"></span>s the gross<span class=\"_ _0\"></span>ed up</div>\n<div class=\"t m0 x1a h4f y1fab ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d on the shar<span class=\"_ _0\"></span>es that BNP P<span class=\"_ _0\"></span>aribas Fort<span class=\"_ _2b\"></span>is SA/NV holds.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 503px; height: 603px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag440": {
   "value": "\n<div class=\"t m0 x1a h55 y99b ffef fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Contingencies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y99c ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">Contingencies<span class=\"_ _0\"></span> are those uncertai<span class=\"_ _2b\"></span>nties of which<span class=\"ls0 ws0\"> </span>an amount<span class=\"_ _2b\"></span> cannot be</div>\n<div class=\"t m0 x1a h4f y99d ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">reasonably est<span class=\"_ _0\"></span>imated or when it is<span class=\"_ _0\"></span> not probable t<span class=\"_ _0\"></span>hat payment will be</div>\n<div class=\"t m0 x1a h4f y99e ffed fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">required to sett<span class=\"_ _0\"></span>le the obligation.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 426px; height: 57px; width: 353px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag432": {
   "value": "\n<div class=\"t m0 x1a h55 yd1f ffef fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Share cap<span class=\"_ _0\"></span>ital and sh<span class=\"_ _0\"></span>are <span class=\"lsfb wsfa\">issue<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"lse1\">costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd20 ffed fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Increm<span class=\"_ _0\"></span>ental cos<span class=\"_ _0\"></span>ts dir<span class=\"_ _0\"></span>ectly att<span class=\"_ _0\"></span>ributa<span class=\"_ _0\"></span>ble to t<span class=\"_ _0\"></span>he issue <span class=\"_ _2b\"></span>of new shares or<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd21 ffed fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">share option<span class=\"_ _2\"></span>s, other than o<span class=\"_ _2\"></span>n a business combin<span class=\"_ _2\"></span>ation, are deduc<span class=\"_ _2\"></span>ted from</div>\n<div class=\"t m0 x1a h4f yd22 ffed fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">equity net<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of any re<span class=\"_ _0\"></span>lated inc<span class=\"_ _0\"></span>ome taxes<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 315px; height: 68px; width: 353px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag436": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 fff4 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Treasury shar<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the <span class=\"_ _0\"></span><span class=\"ls0 ws0\">p<span class=\"lse2 wsf1\">arent <span class=\"_ _2\"></span></span>c<span class=\"lse0 wsef\">ompan<span class=\"_ _0\"></span><span class=\"ls0 ws0\">y <span class=\"lse2 wsf1\">or<span class=\"_ _2\"></span> <span class=\"lsf4 ws10c\">its</span></span> <span class=\"lse2 wsfa\">subsidiaries <span class=\"_ _2\"></span>purchase Ageas share<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">capital<span class=\"_ _0\"></span> or obtain rig<span class=\"_ _0\"></span>hts to pu<span class=\"wsef\">rc<span class=\"_ _0\"></span>hase <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">share capit<span class=\"_ _2b\"></span>al, the </span></span></div>\n<div class=\"t m0 x7 h4f y805 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>ration paid includ<span class=\"_ _0\"></span>ing any att<span class=\"_ _2b\"></span>ributable trans<span class=\"_ _2b\"></span>action costs, net of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y806 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">income t<span class=\"_ _0\"></span>axes, <span class=\"lse1 wsf0\">is <span class=\"lse2 ws103\">shown as a deduction from equ<span class=\"_ _2\"></span>ity.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y807 fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y808 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Dividen<span class=\"_ _2b\"></span>ds paid on treas<span class=\"_ _0\"></span>ury sh<span class=\"_ _0\"></span>ares hel<span class=\"_ _0\"></span>d by Ageas<span class=\"_ _0\"></span> compa<span class=\"_ _0\"></span>nies are</div>\n<div class=\"t m0 x7 h4f y809 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed when prepa<span class=\"_ _0\"></span>ring the <span class=\"_ _0\"></span><span class=\"ls0 ws0\">c<span class=\"lse0 wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial <span class=\"_ _2\"></span></span>s</span>tateme<span class=\"_ _2b\"></span>nts.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y80a fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80b fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas shares<span class=\"_ _2\"></span> held by Ageas<span class=\"_ _2\"></span>finlux S.A.<span class=\"ls0 ws0\">, <span class=\"_ _2\"></span></span><span class=\"lse0\">in t<span class=\"_ _2b\"></span>he context of F<span class=\"_ _0\"></span>RESH ca<span class=\"_ _2b\"></span>pital </span></div>\n<div class=\"t m0 x7 h4f y80c fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">securities<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>are <span class=\"lse0 wsef\">not<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">entitled t<span class=\"_ _2b\"></span>o dividend or ca<span class=\"_ _2b\"></span>pital. Thes<span class=\"wsf0\">e sha<span class=\"_ _2b\"></span>res are </span></span></span></div>\n<div class=\"t m0 x7 h4f y80d fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed in calculat<span class=\"_ _0\"></span>ing div<span class=\"_ _0\"></span>idend, n<span class=\"_ _0\"></span>et prof<span class=\"_ _0\"></span>it and eq<span class=\"_ _0\"></span>uity per s<span class=\"_ _2b\"></span>hare. The</div>\n<div class=\"t m0 x7 h4f y80e fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cost pric<span class=\"_ _0\"></span>e of the shares is<span class=\"_ _0\"></span> deducte<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>fr<span class=\"_ _0\"></span>om equity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 898px; height: 109px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 898px; height: 209px; width: 349px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag433": {
   "value": "\n<div class=\"t m0 x7 h4f y808 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Dividen<span class=\"_ _2b\"></span>ds paid on treas<span class=\"_ _0\"></span>ury sh<span class=\"_ _0\"></span>ares hel<span class=\"_ _0\"></span>d by Ageas<span class=\"_ _0\"></span> compa<span class=\"_ _0\"></span>nies are</div>\n<div class=\"t m0 x7 h4f y809 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed when prepa<span class=\"_ _0\"></span>ring the <span class=\"_ _0\"></span><span class=\"ls0 ws0\">c<span class=\"lse0 wsef\">onsolidat<span class=\"_ _0\"></span>ed <span class=\"ls0 ws0\">f<span class=\"lse2 wsf1\">inancial <span class=\"_ _2\"></span></span>s</span>tateme<span class=\"_ _2b\"></span>nts.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y80a fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80b fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas shares<span class=\"_ _2\"></span> held by Ageas<span class=\"_ _2\"></span>finlux S.A.<span class=\"ls0 ws0\">, <span class=\"_ _2\"></span></span><span class=\"lse0\">in t<span class=\"_ _2b\"></span>he context of F<span class=\"_ _0\"></span>RESH ca<span class=\"_ _2b\"></span>pital </span></div>\n<div class=\"t m0 x7 h4f y80c fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">securities<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>are <span class=\"lse0 wsef\">not<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">entitled t<span class=\"_ _2b\"></span>o dividend or ca<span class=\"_ _2b\"></span>pital. Thes<span class=\"wsf0\">e sha<span class=\"_ _2b\"></span>res are </span></span></span></div>\n<div class=\"t m0 x7 h4f y80d fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed in calculat<span class=\"_ _0\"></span>ing div<span class=\"_ _0\"></span>idend, n<span class=\"_ _0\"></span>et prof<span class=\"_ _0\"></span>it and eq<span class=\"_ _0\"></span>uity per s<span class=\"_ _2b\"></span>hare. The</div>\n<div class=\"t m0 x7 h4f y80e fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cost pric<span class=\"_ _0\"></span>e of the shares is<span class=\"_ _0\"></span> deducte<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>fr<span class=\"_ _0\"></span>om equity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 898px; height: 109px; width: 349px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x1a h4f y8bd fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Dividen<span class=\"_ _2b\"></span>ds are recognised in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt when they a<span class=\"_ _0\"></span>re</div>\n<div class=\"t m0 x1a h4f y8be fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 630px; height: 21px; width: 351px; z-index: 7;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag426": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y9ad fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.16 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse1 wsf0\">Gross <span class=\"lse0 wsef\">prem<span class=\"_ _0\"></span>ium<span class=\"ls0 ws0\"> </span>incom<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h55 ycdb fff4 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Short<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">dura<span class=\"_ _2\"></span>tion versus long<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span></span>duration cont<span class=\"_ _2\"></span>racts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ycdc fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A short<span class=\"ls0 ws0\">-</span>dur<span class=\"_ _0\"></span>ation in<span class=\"_ _2b\"></span>surance contr<span class=\"_ _0\"></span>act is a c<span class=\"_ _2b\"></span>ontract that pr<span class=\"_ _2b\"></span>ovides insura<span class=\"_ _0\"></span>nce</div>\n<div class=\"t m0 x7 h4f yc86 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">protect<span class=\"_ _0\"></span>ion for a f<span class=\"_ _2b\"></span>ixed <span class=\"wsf0\">period of s<span class=\"_ _0\"></span>hort durat<span class=\"_ _2b\"></span>ion and that enables<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x7 h4f yc87 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insurer t<span class=\"_ _2b\"></span>o cancel the c<span class=\"_ _0\"></span>ontract <span class=\"_ _0\"></span>or to adj<span class=\"_ _0\"></span>ust the t<span class=\"_ _0\"></span>erms of<span class=\"_ _0\"></span> the cont<span class=\"_ _0\"></span>ract at t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yc88 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">end of any cont<span class=\"_ _2b\"></span>ract period.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc89 fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc8a fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A long<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">duration contr<span class=\"_ _0\"></span>act is a contr<span class=\"_ _2b\"></span>act that generally<span class=\"_ _0\"></span> is not subject<span class=\"_ _0\"></span> to </span></span></div>\n<div class=\"t m0 x7 h4f yc8b fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unilateral <span class=\"_ _2\"></span>changes in its <span class=\"_ _2\"></span>terms,<span class=\"ls0 ws0\"> </span>such as a<span class=\"_ _2\"></span> non<span class=\"ls0 ws0\">-</span>cancellable <span class=\"_ _2\"></span>or guaranteed</div>\n<div class=\"t m0 x7 h4f yc8c fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">renewable cont<span class=\"_ _2\"></span>ract, and that requires the per<span class=\"_ _2\"></span>formance of various</div>\n<div class=\"t m0 x7 h4f yc8d fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">functio<span class=\"_ _2b\"></span>ns and services (inc<span class=\"_ _2b\"></span>luding insuranc<span class=\"_ _2b\"></span>e protection) for a<span class=\"_ _2b\"></span>n extended</div>\n<div class=\"t m0 x7 h4f yc8e fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">period.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yd24 fff4 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Premiu<span class=\"_ _0\"></span>m income w<span class=\"_ _0\"></span>hen receiv<span class=\"_ _0\"></span>ed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd25 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Premiums from <span class=\"ls0 ws0\">L<span class=\"_ _2\"></span></span>ife insurance contracts<span class=\"_ _2\"></span> an<span class=\"lse0 wsfa\">d lo<span class=\"_ _0\"></span>ng<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">duration i<span class=\"_ _2b\"></span>nvestment </span></span></div>\n<div class=\"t m0 x7 h4f yd26 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h Discret<span class=\"_ _2b\"></span>ionary Particip<span class=\"_ _2b\"></span>ation Features a<span class=\"_ _0\"></span>re recogn<span class=\"_ _0\"></span>ised as</div>\n<div class=\"t m0 x7 h4f yd27 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">revenue when due<span class=\"_ _2\"></span> from the policyholder<span class=\"_ _2\"></span>. Estimated future benefits and<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yd28 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span> are off<span class=\"_ _2b\"></span>set against suc<span class=\"_ _2b\"></span>h revenue in or<span class=\"_ _2b\"></span>der to recognis<span class=\"_ _2b\"></span>e profits</div>\n<div class=\"t m0 x7 h4f yd29 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">over the est<span class=\"_ _0\"></span>imated<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">life of the poli<span class=\"_ _2\"></span>cies. This matchi<span class=\"_ _2\"></span>ng is accomplished b<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yd2a fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the establ<span class=\"_ _2b\"></span>ishment of liabil<span class=\"_ _0\"></span>ities ari<span class=\"_ _0\"></span>sing from<span class=\"_ _0\"></span> insuran<span class=\"_ _0\"></span>ce contra<span class=\"_ _0\"></span>cts and</div>\n<div class=\"t m0 x1a h4f yd2b fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent contracts<span class=\"_ _0\"></span> with Dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>nary Pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ion Fea<span class=\"_ _0\"></span>tures, a<span class=\"_ _0\"></span>nd by</div>\n<div class=\"t m0 x1a h4f yd2c fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the defer<span class=\"_ _0\"></span>ral and su<span class=\"_ _0\"></span>bseque<span class=\"_ _0\"></span>nt amortis<span class=\"_ _0\"></span>ation of upf<span class=\"_ _2b\"></span>ront expenses suc<span class=\"_ _2b\"></span>h as</div>\n<div class=\"t m0 x1a h4f yd2d fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policy ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on costs.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yd2e fff4 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Premium in<span class=\"_ _2\"></span>come when earned<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd2f fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For short<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">duration type contract<span class=\"_ _2\"></span>s (principally in </span>N<span class=\"lse2 wsf1\">on</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">life), premiums <span class=\"_ _2\"></span>are </span></span></div>\n<div class=\"t m0 x1a h4f yd30 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recorde<span class=\"_ _0\"></span>d as writt<span class=\"_ _0\"></span>en upon ince<span class=\"_ _0\"></span>ption of the co<span class=\"_ _2b\"></span>ntract. Premium<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f yd31 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent as earned o<span class=\"_ _2b\"></span>n a pro<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">rata basis over </span></div>\n<div class=\"t m0 x1a h4f yd32 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the term of the rel<span class=\"_ _2\"></span>ated policy coverage. The unea<span class=\"_ _2\"></span>rned premium reserve</div>\n<div class=\"t m0 x1a h4f yd33 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">represe<span class=\"_ _0\"></span>nts the port<span class=\"_ _2b\"></span>ion of the premium<span class=\"_ _0\"></span>s written rel<span class=\"_ _2b\"></span>ating to the unexpi<span class=\"_ _0\"></span>red</div>\n<div class=\"t m0 x1a h4f yd34 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">terms of the cov<span class=\"_ _2\"></span>erage.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 914px; height: 188px; width: 351px; z-index: 5;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 284px; height: 314px; width: 350px; z-index: 5;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h4f yd35 fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.17<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span><span class=\"lsf4 ws10c\">Interest, <span class=\"ls102 ws11d\">d<span class=\"_ _2\"></span>ividend</span></span> <span class=\"lse0 wsf0\">and other inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> income<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd36 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For all int<span class=\"_ _0\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">bea</span></span><span class=\"wsfa\">ring ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nts (whet<span class=\"_ _2b\"></span>her classifie<span class=\"_ _0\"></span>d as hel<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-</span></span></div>\n<div class=\"t m0 x1a h4f yd37 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">maturity, avai<span class=\"_ _2\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">for</span>-<span class=\"lse0 wsf0\">sale, held at f<span class=\"_ _0\"></span>air value thr<span class=\"_ _2b\"></span>ough profit or loss,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd38 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ives or oth<span class=\"_ _0\"></span>er assets o<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>liab<span class=\"_ _2b\"></span>ilities), interes<span class=\"_ _0\"></span>t incom<span class=\"_ _0\"></span>e and inter<span class=\"_ _0\"></span>est</div>\n<div class=\"t m0 x1a h4f yd39 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expense is<span class=\"_ _0\"></span> recogni<span class=\"_ _0\"></span>sed in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement on an ac<span class=\"_ _2b\"></span>crual b<span class=\"lse2 wsf1\">asis<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd3a fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">using t<span class=\"_ _0\"></span>he effect<span class=\"_ _2b\"></span>ive interest m<span class=\"_ _0\"></span>ethod b<span class=\"_ _0\"></span>ased on t<span class=\"_ _2b\"></span>he actual purch<span class=\"_ _2b\"></span>ase price</div>\n<div class=\"t m0 x1a h4f yd3b fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">includi<span class=\"_ _0\"></span>ng direct<span class=\"_ _0\"></span> trans<span class=\"_ _2b\"></span>action costs. I<span class=\"_ _0\"></span>nterest <span class=\"_ _0\"></span>income i<span class=\"_ _2b\"></span>ncludes coup<span class=\"_ _0\"></span>ons</div>\n<div class=\"t m0 x1a h4f yd3c fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earned on fi<span class=\"_ _0\"></span>xed and fl<span class=\"_ _0\"></span>oating rat<span class=\"_ _2b\"></span>e income instrum<span class=\"_ _0\"></span>ents and the ac<span class=\"_ _0\"></span>cretio<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x1a h4f yd3d fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">or amort<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of the tr<span class=\"_ _2b\"></span>ansaction cost<span class=\"_ _2b\"></span><span class=\"wsf0\">s, premium or disc<span class=\"_ _0\"></span>ount. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd3e fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd3f fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Once a fi<span class=\"_ _2b\"></span>nancial asset <span class=\"_ _0\"></span>has bee<span class=\"_ _0\"></span>n writte<span class=\"_ _0\"></span>n down to <span class=\"_ _0\"></span>its est<span class=\"_ _0\"></span>imated</div>\n<div class=\"t m0 x1a h4f yd40 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt, interest income is sub<span class=\"_ _2\"></span>sequently recognised based</div>\n<div class=\"t m0 x1a h4f yd41 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the effec<span class=\"_ _0\"></span>tive int<span class=\"_ _0\"></span>erest rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>that w<span class=\"_ _0\"></span>as used to di<span class=\"_ _0\"></span>scount th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>futu<span class=\"_ _2b\"></span>re cash</div>\n<div class=\"t m0 x1a h4f yd42 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows for th<span class=\"_ _0\"></span>e <span class=\"wsfa\">purpo<span class=\"_ _0\"></span>se of meas<span class=\"_ _2b\"></span>uring the recov<span class=\"_ _2b\"></span>erable amount<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y8bc fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f y8bd fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Dividen<span class=\"_ _2b\"></span>ds are recognised in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt when they a<span class=\"_ _0\"></span>re</div>\n<div class=\"t m0 x1a h4f y8be fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 630px; height: 21px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x1a h4f y8bf fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c0 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas act<span class=\"_ _0\"></span>s as a lessor un<span class=\"_ _2b\"></span>der non<span class=\"ls0 ws0\">-</span>cancellabl<span class=\"_ _0\"></span>e lease con<span class=\"_ _0\"></span>tracts that<span class=\"_ _0\"></span> may</div>\n<div class=\"t m0 x1a h4f yd43 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contain renewa<span class=\"_ _2\"></span>l options for investment prope<span class=\"_ _2\"></span>rty and certain proper<span class=\"lsfc ws115\">ti<span class=\"_ _2\"></span>es </span></div>\n<div class=\"t m0 x1a h4f yd44 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">held for own us<span class=\"_ _2b\"></span>e. Rental incom<span class=\"_ _0\"></span>e and other inc<span class=\"_ _0\"></span>ome is rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d, net of</div>\n<div class=\"t m0 x1a h4f yd45 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease incentiv<span class=\"_ _2\"></span>es granted to lessees, on a st<span class=\"_ _2\"></span>raight line basis, unless<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd46 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">there is compell<span class=\"_ _2\"></span>ing evidence that benefi<span class=\"_ _2\"></span>ts do not accrue evenly over the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd47 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period of t<span class=\"_ _0\"></span>he lease.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 372px; width: 351px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h4f yd48 fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.18 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span></span>Realised<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and unrea<span class=\"_ _2\"></span>lised gains and los<span class=\"_ _2\"></span>ses<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yca8 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For fin<span class=\"_ _0\"></span>ancial i<span class=\"_ _0\"></span>nstrume<span class=\"_ _0\"></span>nts class<span class=\"_ _2b\"></span>ified as avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-</span><span class=\"lse2\">sal<span class=\"_ _2\"></span>e, realised gains </span></div>\n<div class=\"t m0 x1a h4f yca9 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or losses o<span class=\"_ _0\"></span>n sales and div<span class=\"_ _0\"></span>estme<span class=\"_ _0\"></span>nts repres<span class=\"_ _0\"></span>ent the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e between</div>\n<div class=\"t m0 x1a h4f ycaa fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the proc<span class=\"_ _2b\"></span>eeds received a<span class=\"_ _0\"></span>nd the i<span class=\"_ _2b\"></span>nitial book val<span class=\"_ _2b\"></span>ue of the asset s<span class=\"_ _0\"></span>old, min<span class=\"_ _0\"></span>us</div>\n<div class=\"t m0 x1a h4f ycab fff2 fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">any im<span class=\"lse0 wsf0\">pairment los<span class=\"_ _0\"></span>ses recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>, and after </span></div>\n<div class=\"t m0 x1a h4f ycac fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">adjustment <span class=\"_ _2\"></span>for the impact of<span class=\"_ _2\"></span> any hedge accounti<span class=\"_ _2\"></span>ng. Realised gains <span class=\"_ _2\"></span>and</div>\n<div class=\"t m0 x1a h4f ycad fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">losses on sales<span class=\"_ _2\"></span> are included in the income sta<span class=\"_ _2\"></span>tement under \u2018Result on</div>\n<div class=\"t m0 x1a h4f ycae fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">sales and <span class=\"_ _2\"></span>revaluations\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycaf fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb0 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For financial in<span class=\"_ _2\"></span>struments me<span class=\"lse0 wsfa\">asured at<span class=\"_ _2b\"></span> fair value thro<span class=\"_ _2b\"></span>ugh profit or lo<span class=\"_ _0\"></span>ss, </span></div>\n<div class=\"t m0 x1a h4f ycb1 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>arrying v<span class=\"_ _0\"></span>alue at t<span class=\"_ _2b\"></span>he end of the c<span class=\"_ _0\"></span>urrent</div>\n<div class=\"t m0 x1a h4f ycb2 fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">reporting per<span class=\"_ _2\"></span>iod versus the pre<span class=\"_ _2\"></span>vious reporting p<span class=\"_ _2\"></span>eriod is included<span class=\"_ _2\"></span> in the</div>\n<div class=\"t m0 x1a h4f yd49 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement under \u2018Res<span class=\"_ _0\"></span>ult on sal<span class=\"_ _0\"></span>es and reval<span class=\"_ _0\"></span>uations<span class=\"_ _0\"></span>\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 199px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 597px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 807px; width: 351px; z-index: 4;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 284px; height: 319px; width: 350px; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For deri<span class=\"_ _0\"></span>vatives,<span class=\"_ _0\"></span> the dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _2b\"></span>e between the c<span class=\"_ _2b\"></span>arrying clea<span class=\"_ _0\"></span>n fair val<span class=\"_ _2b\"></span>ue (i.e.</div>\n<div class=\"t m0 x7 h4f y803 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">excludi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nrealis<span class=\"_ _2b\"></span>ed portion of t<span class=\"_ _0\"></span>he inter<span class=\"_ _0\"></span>est accr<span class=\"_ _2b\"></span>uals) at the en<span class=\"_ _2b\"></span>d of</div>\n<div class=\"t m0 x7 h4f y804 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the current repor<span class=\"_ _2\"></span>ting period versus the pre<span class=\"_ _2\"></span>vious reporting period<span class=\"_ _2\"></span> is</div>\n<div class=\"t m0 x7 h4f y805 fff7 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">inclu<span class=\"_ _2\"></span><span class=\"lse0\">ded i<span class=\"_ _2b\"></span>n the income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> under \u2018R<span class=\"_ _2b\"></span>esults on sal<span class=\"_ _0\"></span>es and </span></div>\n<div class=\"t m0 x7 h4f y806 fff7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">revaluat<span class=\"_ _2b\"></span>ions\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Upon de<span class=\"_ _0\"></span>recogni<span class=\"_ _0\"></span>tion or <span class=\"_ _0\"></span>upon im<span class=\"_ _0\"></span>pairment<span class=\"_ _0\"></span> of a fin<span class=\"_ _0\"></span>ancial <span class=\"_ _0\"></span>asset, t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y809 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unreal<span class=\"_ _0\"></span>ised gains a<span class=\"_ _0\"></span>nd losses p<span class=\"_ _0\"></span>revious<span class=\"_ _0\"></span>ly recogn<span class=\"_ _0\"></span>ised direc<span class=\"_ _0\"></span>tly in equ<span class=\"_ _0\"></span>ity are</div>\n<div class=\"t m0 x7 h4f y80a fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recycled throug<span class=\"_ _2\"></span>h the income statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 961px; height: 136px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 961px; height: 141px; width: 351px; z-index: 5;\"><br/></div>\n\n\n<div class=\"t m0 x7 h4f y8cd fff7 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.19 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsf0\">Fe<span class=\"_ _0\"></span>e and commis<span class=\"_ _0\"></span>sion inc<span class=\"_ _2b\"></span>ome<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yc80 fff9 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Fees as i<span class=\"_ _2\"></span>ntegral <span class=\"wsf1\">part<span class=\"ls0 ws0\"> </span></span><span class=\"lse0\">of effective i<span class=\"_ _2b\"></span>nterest rate<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc81 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Fees th<span class=\"_ _0\"></span>at are an <span class=\"_ _0\"></span>integr<span class=\"_ _0\"></span>al part of<span class=\"_ _0\"></span> the ef<span class=\"_ _2b\"></span>fective inter<span class=\"_ _0\"></span>est rate<span class=\"_ _0\"></span> of a fin<span class=\"_ _0\"></span>ancial</div>\n<div class=\"t m0 x7 h4f yc82 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent are gen<span class=\"_ _0\"></span>erally tr<span class=\"_ _0\"></span>eated as an<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>adjus<span class=\"_ _0\"></span>tment to t<span class=\"_ _0\"></span>he effecti<span class=\"_ _0\"></span>ve</div>\n<div class=\"t m0 x7 h4f yc83 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate. T<span class=\"_ _2b\"></span>his is the case f<span class=\"_ _0\"></span>or o<span class=\"wsf0\">rigi<span class=\"_ _0\"></span>nation fe<span class=\"_ _0\"></span>es, receiv<span class=\"_ _2b\"></span>ed as </span></div>\n<div class=\"t m0 x7 h4f yc84 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compens<span class=\"_ _2b\"></span>ation for activit<span class=\"_ _0\"></span>ies such as ev<span class=\"_ _2b\"></span>aluating the borr<span class=\"_ _0\"></span>ower\u2019s fin<span class=\"_ _0\"></span>ancial</div>\n<div class=\"t m0 x7 h4f yc85 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conditi<span class=\"_ _0\"></span>on, evalu<span class=\"_ _2b\"></span>ating and recordi<span class=\"_ _0\"></span>ng guarant<span class=\"_ _0\"></span>ees, etc. a<span class=\"_ _2b\"></span>nd also for</div>\n<div class=\"t m0 x7 h4f y887 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">origin<span class=\"_ _0\"></span>ation fees r<span class=\"_ _0\"></span>eceived on i<span class=\"_ _0\"></span>ssuing f<span class=\"_ _0\"></span>inancial l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies measur<span class=\"_ _2b\"></span>ed at</div>\n<div class=\"t m0 x7 h4f y888 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost. Bo<span class=\"_ _2b\"></span>th <span class=\"_ _2\"></span>ty<span class=\"_ _0\"></span>pes of fees a<span class=\"_ _0\"></span>re deferre<span class=\"_ _0\"></span>d and are rec<span class=\"_ _0\"></span>ognised as</div>\n<div class=\"t m0 x7 h4f y889 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an adjust<span class=\"_ _0\"></span>ment to the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _0\"></span>e interest<span class=\"_ _0\"></span> rate of the un<span class=\"_ _0\"></span>derlying f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x7 h4f y88a fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent, meas<span class=\"_ _2b\"></span>ured at amortise<span class=\"_ _0\"></span>d cost. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88b fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y88c fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the f<span class=\"_ _2b\"></span>inancial inst<span class=\"_ _0\"></span>rument <span class=\"_ _0\"></span>is meas<span class=\"_ _0\"></span>ured at f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it or</div>\n<div class=\"t m0 x7 h4f y88d fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss, t<span class=\"_ _0\"></span>he fees <span class=\"wsf0\">ar<span class=\"_ _2b\"></span>e recognised as rev<span class=\"_ _2b\"></span>enue when the inst<span class=\"_ _0\"></span>rument is<span class=\"_ _0\"></span> initially<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y88e fff7 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">recognised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y9a8 fff9 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Fees recogn<span class=\"_ _2\"></span>ised as services a<span class=\"_ _2\"></span>re provided<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9a9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fees are gen<span class=\"_ _2b\"></span>erally recogni<span class=\"_ _0\"></span>sed as rev<span class=\"_ _0\"></span>enue as the se<span class=\"_ _0\"></span>rvices ar<span class=\"_ _0\"></span>e provide<span class=\"_ _0\"></span>d.</div>\n<div class=\"t m0 x7 h4f y9aa fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">If it i<span class=\"_ _2\"></span>s unlikely that a<span class=\"_ _2\"></span> specific lending<span class=\"_ _2\"></span> arrangement wil<span class=\"_ _2\"></span>l be <span class=\"lse0 wsf0\">enter<span class=\"_ _0\"></span>ed into </span></div>\n<div class=\"t m0 x7 h4f y9ab fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the loan commit<span class=\"_ _2\"></span>ment is not considered a de<span class=\"_ _2\"></span>rivative, the commitment</div>\n<div class=\"t m0 x7 h4f y9ac fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fee is recog<span class=\"_ _0\"></span>nised as<span class=\"_ _0\"></span> revenue on a tim<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>pro<span class=\"_ _2b\"></span>portion basis ov<span class=\"_ _0\"></span>er the</div>\n<div class=\"t m0 x7 h4f y9ad fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">commitment per<span class=\"_ _2\"></span>iod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9ae fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9af fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Reinsurance <span class=\"_ _2\"></span>commissions are rec<span class=\"_ _2\"></span>ognised as earned<span class=\"_ _2\"></span>, reinsurance</div>\n<div class=\"t m0 x7 h4f y9b0 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _0\"></span>eatures ar<span class=\"_ _2b\"></span>e recognised as reve<span class=\"_ _2b\"></span>nue upon receipt.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yc87 fff9 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Fees recognised<span class=\"_ _2\"></span> upon completion of the underly<span class=\"_ _2\"></span>ing transaction<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc88 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fees aris<span class=\"_ _0\"></span>ing from neg<span class=\"_ _2b\"></span>otiating or parti<span class=\"_ _0\"></span>cipating i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the n<span class=\"_ _0\"></span>egotiat<span class=\"_ _0\"></span>ion of a</div>\n<div class=\"t m0 x7 h4f yc89 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion for a third party,<span class=\"_ _0\"></span> are recog<span class=\"_ _0\"></span>nised upo<span class=\"_ _0\"></span>n complet<span class=\"_ _0\"></span>ion of the</div>\n<div class=\"t m0 x7 h4f yc8a fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">underly<span class=\"_ _0\"></span>ing tran<span class=\"_ _0\"></span>sactio<span class=\"_ _2b\"></span>n. Commission <span class=\"_ _0\"></span>revenu<span class=\"_ _0\"></span>e is reco<span class=\"_ _2b\"></span>gnised when th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f yc8b fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">perform<span class=\"_ _2b\"></span>ance obligati<span class=\"_ _0\"></span>on is com<span class=\"_ _2b\"></span>plete. Loan sy<span class=\"_ _0\"></span>ndicat<span class=\"_ _0\"></span>ion fees a<span class=\"_ _0\"></span>re</div>\n<div class=\"t m0 x7 h4f yc8c fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as reve<span class=\"_ _0\"></span>nue when the s<span class=\"_ _0\"></span>yndicat<span class=\"_ _0\"></span>ion has bee<span class=\"_ _0\"></span>n complet<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yce0 fff9 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Fee from<span class=\"_ _0\"></span> invest<span class=\"_ _0\"></span>ment c<span class=\"_ _0\"></span>ontracts<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yce1 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Revenues from in<span class=\"_ _2\"></span>vestment contracts,<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">of which the c<span class=\"_ _0\"></span>overed <span class=\"_ _0\"></span>insura<span class=\"_ _0\"></span>nce </span></span></div>\n<div class=\"t m0 x7 h4f yd24 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">risk is n<span class=\"_ _0\"></span>ot sign<span class=\"_ _0\"></span>ificant,<span class=\"_ _0\"></span> consis<span class=\"_ _0\"></span>t of fees<span class=\"_ _0\"></span> for the c<span class=\"_ _2b\"></span>overage of ins<span class=\"_ _2b\"></span>urance,</div>\n<div class=\"t m0 x7 h4f yd25 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">administ<span class=\"_ _2b\"></span>ration fees and sur<span class=\"_ _2b\"></span>render charges. F<span class=\"_ _0\"></span>ees are rec<span class=\"_ _0\"></span>ognised as</div>\n<div class=\"t m0 x7 h4f yd26 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">revenu<span class=\"_ _0\"></span>e as the s<span class=\"_ _0\"></span>ervic<span class=\"_ _0\"></span>es are prov<span class=\"_ _2b\"></span>ided. Expens<span class=\"_ _0\"></span>es inclu<span class=\"_ _0\"></span>de mort<span class=\"_ _2b\"></span>ality claims</div>\n<div class=\"t m0 x7 h4f yd27 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and inter<span class=\"_ _0\"></span>est c<span class=\"lse2 wsf1\">redited.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 629px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 792px; width: 351px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag437": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x1a h4f yd35 fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.17<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span><span class=\"lsf4 ws10c\">Interest, <span class=\"ls102 ws11d\">d<span class=\"_ _2\"></span>ividend</span></span> <span class=\"lse0 wsf0\">and other inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> income<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd36 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For all int<span class=\"_ _0\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">bea</span></span><span class=\"wsfa\">ring ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nts (whet<span class=\"_ _2b\"></span>her classifie<span class=\"_ _0\"></span>d as hel<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-</span></span></div>\n<div class=\"t m0 x1a h4f yd37 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">maturity, avai<span class=\"_ _2\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">for</span>-<span class=\"lse0 wsf0\">sale, held at f<span class=\"_ _0\"></span>air value thr<span class=\"_ _2b\"></span>ough profit or loss,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd38 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ives or oth<span class=\"_ _0\"></span>er assets o<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>liab<span class=\"_ _2b\"></span>ilities), interes<span class=\"_ _0\"></span>t incom<span class=\"_ _0\"></span>e and inter<span class=\"_ _0\"></span>est</div>\n<div class=\"t m0 x1a h4f yd39 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expense is<span class=\"_ _0\"></span> recogni<span class=\"_ _0\"></span>sed in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement on an ac<span class=\"_ _2b\"></span>crual b<span class=\"lse2 wsf1\">asis<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd3a fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">using t<span class=\"_ _0\"></span>he effect<span class=\"_ _2b\"></span>ive interest m<span class=\"_ _0\"></span>ethod b<span class=\"_ _0\"></span>ased on t<span class=\"_ _2b\"></span>he actual purch<span class=\"_ _2b\"></span>ase price</div>\n<div class=\"t m0 x1a h4f yd3b fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">includi<span class=\"_ _0\"></span>ng direct<span class=\"_ _0\"></span> trans<span class=\"_ _2b\"></span>action costs. I<span class=\"_ _0\"></span>nterest <span class=\"_ _0\"></span>income i<span class=\"_ _2b\"></span>ncludes coup<span class=\"_ _0\"></span>ons</div>\n<div class=\"t m0 x1a h4f yd3c fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earned on fi<span class=\"_ _0\"></span>xed and fl<span class=\"_ _0\"></span>oating rat<span class=\"_ _2b\"></span>e income instrum<span class=\"_ _0\"></span>ents and the ac<span class=\"_ _0\"></span>cretio<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x1a h4f yd3d fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">or amort<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of the tr<span class=\"_ _2b\"></span>ansaction cost<span class=\"_ _2b\"></span><span class=\"wsf0\">s, premium or disc<span class=\"_ _0\"></span>ount. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd3e fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd3f fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Once a fi<span class=\"_ _2b\"></span>nancial asset <span class=\"_ _0\"></span>has bee<span class=\"_ _0\"></span>n writte<span class=\"_ _0\"></span>n down to <span class=\"_ _0\"></span>its est<span class=\"_ _0\"></span>imated</div>\n<div class=\"t m0 x1a h4f yd40 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt, interest income is sub<span class=\"_ _2\"></span>sequently recognised based</div>\n<div class=\"t m0 x1a h4f yd41 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the effec<span class=\"_ _0\"></span>tive int<span class=\"_ _0\"></span>erest rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>that w<span class=\"_ _0\"></span>as used to di<span class=\"_ _0\"></span>scount th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>futu<span class=\"_ _2b\"></span>re cash</div>\n<div class=\"t m0 x1a h4f yd42 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows for th<span class=\"_ _0\"></span>e <span class=\"wsfa\">purpo<span class=\"_ _0\"></span>se of meas<span class=\"_ _2b\"></span>uring the recov<span class=\"_ _2b\"></span>erable amount<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y8bc fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f y8bd fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Dividen<span class=\"_ _2b\"></span>ds are recognised in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt when they a<span class=\"_ _0\"></span>re</div>\n<div class=\"t m0 x1a h4f y8be fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 630px; height: 21px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x1a h4f y8bf fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c0 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas act<span class=\"_ _0\"></span>s as a lessor un<span class=\"_ _2b\"></span>der non<span class=\"ls0 ws0\">-</span>cancellabl<span class=\"_ _0\"></span>e lease con<span class=\"_ _0\"></span>tracts that<span class=\"_ _0\"></span> may</div>\n<div class=\"t m0 x1a h4f yd43 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contain renewa<span class=\"_ _2\"></span>l options for investment prope<span class=\"_ _2\"></span>rty and certain proper<span class=\"lsfc ws115\">ti<span class=\"_ _2\"></span>es </span></div>\n<div class=\"t m0 x1a h4f yd44 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">held for own us<span class=\"_ _2b\"></span>e. Rental incom<span class=\"_ _0\"></span>e and other inc<span class=\"_ _0\"></span>ome is rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d, net of</div>\n<div class=\"t m0 x1a h4f yd45 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease incentiv<span class=\"_ _2\"></span>es granted to lessees, on a st<span class=\"_ _2\"></span>raight line basis, unless<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd46 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">there is compell<span class=\"_ _2\"></span>ing evidence that benefi<span class=\"_ _2\"></span>ts do not accrue evenly over the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd47 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period of t<span class=\"_ _0\"></span>he lease.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 372px; width: 351px; z-index: 6;\"><br/></div>\n\n\n<div class=\"t m0 x1a h4f yd48 fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.18 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span></span>Realised<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and unrea<span class=\"_ _2\"></span>lised gains and los<span class=\"_ _2\"></span>ses<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yca8 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For fin<span class=\"_ _0\"></span>ancial i<span class=\"_ _0\"></span>nstrume<span class=\"_ _0\"></span>nts class<span class=\"_ _2b\"></span>ified as avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-</span><span class=\"lse2\">sal<span class=\"_ _2\"></span>e, realised gains </span></div>\n<div class=\"t m0 x1a h4f yca9 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or losses o<span class=\"_ _0\"></span>n sales and div<span class=\"_ _0\"></span>estme<span class=\"_ _0\"></span>nts repres<span class=\"_ _0\"></span>ent the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e between</div>\n<div class=\"t m0 x1a h4f ycaa fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the proc<span class=\"_ _2b\"></span>eeds received a<span class=\"_ _0\"></span>nd the i<span class=\"_ _2b\"></span>nitial book val<span class=\"_ _2b\"></span>ue of the asset s<span class=\"_ _0\"></span>old, min<span class=\"_ _0\"></span>us</div>\n<div class=\"t m0 x1a h4f ycab fff2 fs3a fc14 sc0 ls102 ws129\" style=\"z-index: 15;\">any im<span class=\"lse0 wsf0\">pairment los<span class=\"_ _0\"></span>ses recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _0\"></span>he income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>, and after </span></div>\n<div class=\"t m0 x1a h4f ycac fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">adjustment <span class=\"_ _2\"></span>for the impact of<span class=\"_ _2\"></span> any hedge accounti<span class=\"_ _2\"></span>ng. Realised gains <span class=\"_ _2\"></span>and</div>\n<div class=\"t m0 x1a h4f ycad fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">losses on sales<span class=\"_ _2\"></span> are included in the income sta<span class=\"_ _2\"></span>tement under \u2018Result on</div>\n<div class=\"t m0 x1a h4f ycae fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">sales and <span class=\"_ _2\"></span>revaluations\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycaf fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycb0 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For financial in<span class=\"_ _2\"></span>struments me<span class=\"lse0 wsfa\">asured at<span class=\"_ _2b\"></span> fair value thro<span class=\"_ _2b\"></span>ugh profit or lo<span class=\"_ _0\"></span>ss, </span></div>\n<div class=\"t m0 x1a h4f ycb1 fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the diff<span class=\"_ _2b\"></span>erence betwee<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>arrying v<span class=\"_ _0\"></span>alue at t<span class=\"_ _2b\"></span>he end of the c<span class=\"_ _0\"></span>urrent</div>\n<div class=\"t m0 x1a h4f ycb2 fff2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">reporting per<span class=\"_ _2\"></span>iod versus the pre<span class=\"_ _2\"></span>vious reporting p<span class=\"_ _2\"></span>eriod is included<span class=\"_ _2\"></span> in the</div>\n<div class=\"t m0 x1a h4f yd49 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">income st<span class=\"_ _2b\"></span>atement under \u2018Res<span class=\"_ _0\"></span>ult on sal<span class=\"_ _0\"></span>es and reval<span class=\"_ _0\"></span>uations<span class=\"_ _0\"></span>\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 199px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 597px; width: 351px; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For deri<span class=\"_ _0\"></span>vatives,<span class=\"_ _0\"></span> the dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _2b\"></span>e between the c<span class=\"_ _2b\"></span>arrying clea<span class=\"_ _0\"></span>n fair val<span class=\"_ _2b\"></span>ue (i.e.</div>\n<div class=\"t m0 x7 h4f y803 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">excludi<span class=\"_ _0\"></span>ng the u<span class=\"_ _0\"></span>nrealis<span class=\"_ _2b\"></span>ed portion of t<span class=\"_ _0\"></span>he inter<span class=\"_ _0\"></span>est accr<span class=\"_ _2b\"></span>uals) at the en<span class=\"_ _2b\"></span>d of</div>\n<div class=\"t m0 x7 h4f y804 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the current repor<span class=\"_ _2\"></span>ting period versus the pre<span class=\"_ _2\"></span>vious reporting period<span class=\"_ _2\"></span> is</div>\n<div class=\"t m0 x7 h4f y805 fff7 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">inclu<span class=\"_ _2\"></span><span class=\"lse0\">ded i<span class=\"_ _2b\"></span>n the income st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> under \u2018R<span class=\"_ _2b\"></span>esults on sal<span class=\"_ _0\"></span>es and </span></div>\n<div class=\"t m0 x7 h4f y806 fff7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">revaluat<span class=\"_ _2b\"></span>ions\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Upon de<span class=\"_ _0\"></span>recogni<span class=\"_ _0\"></span>tion or <span class=\"_ _0\"></span>upon im<span class=\"_ _0\"></span>pairment<span class=\"_ _0\"></span> of a fin<span class=\"_ _0\"></span>ancial <span class=\"_ _0\"></span>asset, t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y809 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unreal<span class=\"_ _0\"></span>ised gains a<span class=\"_ _0\"></span>nd losses p<span class=\"_ _0\"></span>revious<span class=\"_ _0\"></span>ly recogn<span class=\"_ _0\"></span>ised direc<span class=\"_ _0\"></span>tly in equ<span class=\"_ _0\"></span>ity are</div>\n<div class=\"t m0 x7 h4f y80a fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recycled throug<span class=\"_ _2\"></span>h the income statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 961px; height: 136px; width: 351px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 961px; height: 141px; width: 351px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag435": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x1a h4f yd35 fff2 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.17<span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span><span class=\"lsf4 ws10c\">Interest, <span class=\"ls102 ws11d\">d<span class=\"_ _2\"></span>ividend</span></span> <span class=\"lse0 wsf0\">and other inv<span class=\"_ _0\"></span>estment<span class=\"_ _0\"></span> income<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd36 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For all int<span class=\"_ _0\"></span>erest<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">bea</span></span><span class=\"wsfa\">ring ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nts (whet<span class=\"_ _2b\"></span>her classifie<span class=\"_ _0\"></span>d as hel<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-</span></span></div>\n<div class=\"t m0 x1a h4f yd37 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">maturity, avai<span class=\"_ _2\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">for</span>-<span class=\"lse0 wsf0\">sale, held at f<span class=\"_ _0\"></span>air value thr<span class=\"_ _2b\"></span>ough profit or loss,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd38 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">derivat<span class=\"_ _0\"></span>ives or oth<span class=\"_ _0\"></span>er assets o<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>liab<span class=\"_ _2b\"></span>ilities), interes<span class=\"_ _0\"></span>t incom<span class=\"_ _0\"></span>e and inter<span class=\"_ _0\"></span>est</div>\n<div class=\"t m0 x1a h4f yd39 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expense is<span class=\"_ _0\"></span> recogni<span class=\"_ _0\"></span>sed in the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement on an ac<span class=\"_ _2b\"></span>crual b<span class=\"lse2 wsf1\">asis<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd3a fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">using t<span class=\"_ _0\"></span>he effect<span class=\"_ _2b\"></span>ive interest m<span class=\"_ _0\"></span>ethod b<span class=\"_ _0\"></span>ased on t<span class=\"_ _2b\"></span>he actual purch<span class=\"_ _2b\"></span>ase price</div>\n<div class=\"t m0 x1a h4f yd3b fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">includi<span class=\"_ _0\"></span>ng direct<span class=\"_ _0\"></span> trans<span class=\"_ _2b\"></span>action costs. I<span class=\"_ _0\"></span>nterest <span class=\"_ _0\"></span>income i<span class=\"_ _2b\"></span>ncludes coup<span class=\"_ _0\"></span>ons</div>\n<div class=\"t m0 x1a h4f yd3c fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earned on fi<span class=\"_ _0\"></span>xed and fl<span class=\"_ _0\"></span>oating rat<span class=\"_ _2b\"></span>e income instrum<span class=\"_ _0\"></span>ents and the ac<span class=\"_ _0\"></span>cretio<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x1a h4f yd3d fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">or amort<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of the tr<span class=\"_ _2b\"></span>ansaction cost<span class=\"_ _2b\"></span><span class=\"wsf0\">s, premium or disc<span class=\"_ _0\"></span>ount. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd3e fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd3f fff2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Once a fi<span class=\"_ _2b\"></span>nancial asset <span class=\"_ _0\"></span>has bee<span class=\"_ _0\"></span>n writte<span class=\"_ _0\"></span>n down to <span class=\"_ _0\"></span>its est<span class=\"_ _0\"></span>imated</div>\n<div class=\"t m0 x1a h4f yd40 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">recoverable amo<span class=\"_ _2\"></span>unt, interest income is sub<span class=\"_ _2\"></span>sequently recognised based</div>\n<div class=\"t m0 x1a h4f yd41 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the effec<span class=\"_ _0\"></span>tive int<span class=\"_ _0\"></span>erest rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>that w<span class=\"_ _0\"></span>as used to di<span class=\"_ _0\"></span>scount th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>futu<span class=\"_ _2b\"></span>re cash</div>\n<div class=\"t m0 x1a h4f yd42 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows for th<span class=\"_ _0\"></span>e <span class=\"wsfa\">purpo<span class=\"_ _0\"></span>se of meas<span class=\"_ _2b\"></span>uring the recov<span class=\"_ _2b\"></span>erable amount<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y8bc fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x1a h4f y8bd fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Dividen<span class=\"_ _2b\"></span>ds are recognised in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt when they a<span class=\"_ _0\"></span>re</div>\n<div class=\"t m0 x1a h4f y8be fff2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 630px; height: 21px; width: 351px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x1a h4f y8bf fff2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c0 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas act<span class=\"_ _0\"></span>s as a lessor un<span class=\"_ _2b\"></span>der non<span class=\"ls0 ws0\">-</span>cancellabl<span class=\"_ _0\"></span>e lease con<span class=\"_ _0\"></span>tracts that<span class=\"_ _0\"></span> may</div>\n<div class=\"t m0 x1a h4f yd43 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contain renewa<span class=\"_ _2\"></span>l options for investment prope<span class=\"_ _2\"></span>rty and certain proper<span class=\"lsfc ws115\">ti<span class=\"_ _2\"></span>es </span></div>\n<div class=\"t m0 x1a h4f yd44 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">held for own us<span class=\"_ _2b\"></span>e. Rental incom<span class=\"_ _0\"></span>e and other inc<span class=\"_ _0\"></span>ome is rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d, net of</div>\n<div class=\"t m0 x1a h4f yd45 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lease incentiv<span class=\"_ _2\"></span>es granted to lessees, on a st<span class=\"_ _2\"></span>raight line basis, unless<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd46 fff2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">there is compell<span class=\"_ _2\"></span>ing evidence that benefi<span class=\"_ _2\"></span>ts do not accrue evenly over the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd47 fff2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">period of t<span class=\"_ _0\"></span>he lease.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 520px; height: 372px; width: 351px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag431": {
   "value": "\n<div class=\"t m0 x7 h4f y8cd fff7 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.19 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsf0\">Fe<span class=\"_ _0\"></span>e and commis<span class=\"_ _0\"></span>sion inc<span class=\"_ _2b\"></span>ome<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yc80 fff9 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Fees as i<span class=\"_ _2\"></span>ntegral <span class=\"wsf1\">part<span class=\"ls0 ws0\"> </span></span><span class=\"lse0\">of effective i<span class=\"_ _2b\"></span>nterest rate<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc81 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Fees th<span class=\"_ _0\"></span>at are an <span class=\"_ _0\"></span>integr<span class=\"_ _0\"></span>al part of<span class=\"_ _0\"></span> the ef<span class=\"_ _2b\"></span>fective inter<span class=\"_ _0\"></span>est rate<span class=\"_ _0\"></span> of a fin<span class=\"_ _0\"></span>ancial</div>\n<div class=\"t m0 x7 h4f yc82 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent are gen<span class=\"_ _0\"></span>erally tr<span class=\"_ _0\"></span>eated as an<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>adjus<span class=\"_ _0\"></span>tment to t<span class=\"_ _0\"></span>he effecti<span class=\"_ _0\"></span>ve</div>\n<div class=\"t m0 x7 h4f yc83 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate. T<span class=\"_ _2b\"></span>his is the case f<span class=\"_ _0\"></span>or o<span class=\"wsf0\">rigi<span class=\"_ _0\"></span>nation fe<span class=\"_ _0\"></span>es, receiv<span class=\"_ _2b\"></span>ed as </span></div>\n<div class=\"t m0 x7 h4f yc84 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compens<span class=\"_ _2b\"></span>ation for activit<span class=\"_ _0\"></span>ies such as ev<span class=\"_ _2b\"></span>aluating the borr<span class=\"_ _0\"></span>ower\u2019s fin<span class=\"_ _0\"></span>ancial</div>\n<div class=\"t m0 x7 h4f yc85 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">conditi<span class=\"_ _0\"></span>on, evalu<span class=\"_ _2b\"></span>ating and recordi<span class=\"_ _0\"></span>ng guarant<span class=\"_ _0\"></span>ees, etc. a<span class=\"_ _2b\"></span>nd also for</div>\n<div class=\"t m0 x7 h4f y887 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">origin<span class=\"_ _0\"></span>ation fees r<span class=\"_ _0\"></span>eceived on i<span class=\"_ _0\"></span>ssuing f<span class=\"_ _0\"></span>inancial l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies measur<span class=\"_ _2b\"></span>ed at</div>\n<div class=\"t m0 x7 h4f y888 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amortis<span class=\"_ _0\"></span>ed cost. Bo<span class=\"_ _2b\"></span>th <span class=\"_ _2\"></span>ty<span class=\"_ _0\"></span>pes of fees a<span class=\"_ _0\"></span>re deferre<span class=\"_ _0\"></span>d and are rec<span class=\"_ _0\"></span>ognised as</div>\n<div class=\"t m0 x7 h4f y889 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an adjust<span class=\"_ _0\"></span>ment to the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _0\"></span>e interest<span class=\"_ _0\"></span> rate of the un<span class=\"_ _0\"></span>derlying f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x7 h4f y88a fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">instrum<span class=\"_ _0\"></span>ent, meas<span class=\"_ _2b\"></span>ured at amortise<span class=\"_ _0\"></span>d cost. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88b fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y88c fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When the f<span class=\"_ _2b\"></span>inancial inst<span class=\"_ _0\"></span>rument <span class=\"_ _0\"></span>is meas<span class=\"_ _0\"></span>ured at f<span class=\"_ _0\"></span>air val<span class=\"_ _0\"></span>ue thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it or</div>\n<div class=\"t m0 x7 h4f y88d fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss, t<span class=\"_ _0\"></span>he fees <span class=\"wsf0\">ar<span class=\"_ _2b\"></span>e recognised as rev<span class=\"_ _2b\"></span>enue when the inst<span class=\"_ _0\"></span>rument is<span class=\"_ _0\"></span> initially<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y88e fff7 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">recognised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y9a8 fff9 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Fees recogn<span class=\"_ _2\"></span>ised as services a<span class=\"_ _2\"></span>re provided<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9a9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fees are gen<span class=\"_ _2b\"></span>erally recogni<span class=\"_ _0\"></span>sed as rev<span class=\"_ _0\"></span>enue as the se<span class=\"_ _0\"></span>rvices ar<span class=\"_ _0\"></span>e provide<span class=\"_ _0\"></span>d.</div>\n<div class=\"t m0 x7 h4f y9aa fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">If it i<span class=\"_ _2\"></span>s unlikely that a<span class=\"_ _2\"></span> specific lending<span class=\"_ _2\"></span> arrangement wil<span class=\"_ _2\"></span>l be <span class=\"lse0 wsf0\">enter<span class=\"_ _0\"></span>ed into </span></div>\n<div class=\"t m0 x7 h4f y9ab fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the loan commit<span class=\"_ _2\"></span>ment is not considered a de<span class=\"_ _2\"></span>rivative, the commitment</div>\n<div class=\"t m0 x7 h4f y9ac fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fee is recog<span class=\"_ _0\"></span>nised as<span class=\"_ _0\"></span> revenue on a tim<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>pro<span class=\"_ _2b\"></span>portion basis ov<span class=\"_ _0\"></span>er the</div>\n<div class=\"t m0 x7 h4f y9ad fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">commitment per<span class=\"_ _2\"></span>iod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9ae fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9af fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Reinsurance <span class=\"_ _2\"></span>commissions are rec<span class=\"_ _2\"></span>ognised as earned<span class=\"_ _2\"></span>, reinsurance</div>\n<div class=\"t m0 x7 h4f y9b0 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pation f<span class=\"_ _0\"></span>eatures ar<span class=\"_ _2b\"></span>e recognised as reve<span class=\"_ _2b\"></span>nue upon receipt.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yc87 fff9 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Fees recognised<span class=\"_ _2\"></span> upon completion of the underly<span class=\"_ _2\"></span>ing transaction<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc88 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fees aris<span class=\"_ _0\"></span>ing from neg<span class=\"_ _2b\"></span>otiating or parti<span class=\"_ _0\"></span>cipating i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the n<span class=\"_ _0\"></span>egotiat<span class=\"_ _0\"></span>ion of a</div>\n<div class=\"t m0 x7 h4f yc89 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion for a third party,<span class=\"_ _0\"></span> are recog<span class=\"_ _0\"></span>nised upo<span class=\"_ _0\"></span>n complet<span class=\"_ _0\"></span>ion of the</div>\n<div class=\"t m0 x7 h4f yc8a fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">underly<span class=\"_ _0\"></span>ing tran<span class=\"_ _0\"></span>sactio<span class=\"_ _2b\"></span>n. Commission <span class=\"_ _0\"></span>revenu<span class=\"_ _0\"></span>e is reco<span class=\"_ _2b\"></span>gnised when th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f yc8b fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">perform<span class=\"_ _2b\"></span>ance obligati<span class=\"_ _0\"></span>on is com<span class=\"_ _2b\"></span>plete. Loan sy<span class=\"_ _0\"></span>ndicat<span class=\"_ _0\"></span>ion fees a<span class=\"_ _0\"></span>re</div>\n<div class=\"t m0 x7 h4f yc8c fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed as reve<span class=\"_ _0\"></span>nue when the s<span class=\"_ _0\"></span>yndicat<span class=\"_ _0\"></span>ion has bee<span class=\"_ _0\"></span>n complet<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yce0 fff9 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Fee from<span class=\"_ _0\"></span> invest<span class=\"_ _0\"></span>ment c<span class=\"_ _0\"></span>ontracts<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yce1 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Revenues from in<span class=\"_ _2\"></span>vestment contracts,<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">of which the c<span class=\"_ _0\"></span>overed <span class=\"_ _0\"></span>insura<span class=\"_ _0\"></span>nce </span></span></div>\n<div class=\"t m0 x7 h4f yd24 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">risk is n<span class=\"_ _0\"></span>ot sign<span class=\"_ _0\"></span>ificant,<span class=\"_ _0\"></span> consis<span class=\"_ _0\"></span>t of fees<span class=\"_ _0\"></span> for the c<span class=\"_ _2b\"></span>overage of ins<span class=\"_ _2b\"></span>urance,</div>\n<div class=\"t m0 x7 h4f yd25 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">administ<span class=\"_ _2b\"></span>ration fees and sur<span class=\"_ _2b\"></span>render charges. F<span class=\"_ _0\"></span>ees are rec<span class=\"_ _0\"></span>ognised as</div>\n<div class=\"t m0 x7 h4f yd26 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">revenu<span class=\"_ _0\"></span>e as the s<span class=\"_ _0\"></span>ervic<span class=\"_ _0\"></span>es are prov<span class=\"_ _2b\"></span>ided. Expens<span class=\"_ _0\"></span>es inclu<span class=\"_ _0\"></span>de mort<span class=\"_ _2b\"></span>ality claims</div>\n<div class=\"t m0 x7 h4f yd27 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and inter<span class=\"_ _0\"></span>est c<span class=\"lse2 wsf1\">redited.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 315px; height: 629px; width: 351px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFeeAndCommissionIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag438": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x1a h4f yd4c fff7 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.20 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span><span class=\"lse0 wsef\">Inc<span class=\"_ _2b\"></span>ome<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">tax</span> </span></span></span></div>\n<div class=\"t m0 x1a h55 yce7 fff9 fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Current <span class=\"_ _2\"></span><span class=\"lsfc ws115\">tax<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yce8 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Current t<span class=\"_ _2b\"></span>ax is the amou<span class=\"_ _0\"></span>nt of inc<span class=\"_ _0\"></span>ome tax<span class=\"_ _0\"></span>es payab<span class=\"_ _2b\"></span>le (recovera<span class=\"_ _0\"></span>ble) in</div>\n<div class=\"t m0 x1a h4f yce9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respect of<span class=\"_ _0\"></span> the taxabl<span class=\"_ _0\"></span>e profit (tax<span class=\"_ _0\"></span> loss) for a p<span class=\"_ _0\"></span>eriod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycea fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yceb fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Income tax<span class=\"_ _0\"></span> payabl<span class=\"_ _0\"></span>e on profits is<span class=\"_ _0\"></span> recognis<span class=\"_ _2b\"></span>ed as an expense base<span class=\"_ _2b\"></span>d on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f yd4d fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applicable ta<span class=\"_ _2\"></span>x laws in<span class=\"ls0 ws0\"> </span>each jurisdi<span class=\"_ _2\"></span>ction in the period in which pro<span class=\"_ _2\"></span>fits</div>\n<div class=\"t m0 x1a h4f yd4e fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">arise. T<span class=\"_ _0\"></span>he tax <span class=\"_ _0\"></span>effects<span class=\"_ _0\"></span> of incom<span class=\"_ _2b\"></span>e tax losses av<span class=\"_ _0\"></span>ailabl<span class=\"_ _0\"></span>e for car<span class=\"_ _0\"></span>ry<span class=\"ls0 ws0\">-</span><span class=\"wsef\">forwar<span class=\"_ _0\"></span>d </span></div>\n<div class=\"t m0 x1a h4f yd4f fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are reco<span class=\"_ _0\"></span>gnised <span class=\"_ _0\"></span>as a defe<span class=\"_ _2b\"></span>rred tax asset if<span class=\"_ _0\"></span> it is p<span class=\"_ _0\"></span>robable t<span class=\"_ _2b\"></span>hat future</div>\n<div class=\"t m0 x1a h4f yd50 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">taxabl<span class=\"_ _0\"></span>e profit w<span class=\"_ _0\"></span>ill be a<span class=\"_ _0\"></span>vailabl<span class=\"_ _0\"></span>e agains<span class=\"_ _0\"></span>t whic<span class=\"_ _0\"></span>h those lo<span class=\"_ _2b\"></span>sses can b<span class=\"wsef\">e </span></div>\n<div class=\"t m0 x1a h4f yd51 fff7 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">utilised<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd52 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd35 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">If a leg<span class=\"_ _0\"></span>al entity <span class=\"_ _0\"></span>assess<span class=\"_ _2b\"></span>es that it is not<span class=\"_ _0\"></span> prob<span class=\"_ _0\"></span>able that t<span class=\"_ _2b\"></span>he relevant ta<span class=\"_ _0\"></span>xation</div>\n<div class=\"t m0 x1a h4f yd36 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">authorit<span class=\"_ _0\"></span>y will acce<span class=\"_ _2b\"></span>pt the tax treatment<span class=\"_ _0\"></span> applie<span class=\"_ _0\"></span>d, that lega<span class=\"_ _0\"></span>l entity ref<span class=\"_ _0\"></span>lects</div>\n<div class=\"t m0 x1a h4f yd37 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the effect of<span class=\"_ _0\"></span> uncert<span class=\"_ _0\"></span>ainty for eac<span class=\"_ _2b\"></span>h uncertain tax tre<span class=\"_ _2b\"></span>atment by using eit<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x1a h4f yd38 fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the most l<span class=\"_ _2\"></span>ikel<span class=\"lse0 wsf0\">y amount o<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>the ex<span class=\"_ _0\"></span>pected va<span class=\"_ _0\"></span>lue base<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>on a ran<span class=\"_ _0\"></span>ge of </span></div>\n<div class=\"t m0 x1a h4f yd39 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">possibl<span class=\"_ _0\"></span>e outcomes<span class=\"_ _2b\"></span>, depending on whi<span class=\"_ _0\"></span>ch method<span class=\"_ _0\"></span> better pre<span class=\"_ _0\"></span>dicts the</div>\n<div class=\"t m0 x1a h4f yd3a fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">resolut<span class=\"_ _0\"></span>ion of th<span class=\"_ _2b\"></span>e uncertainty.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x1a h55 yd53 fff9 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd54 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred tax lia<span class=\"_ _2\"></span>bilities are the amounts of<span class=\"_ _2\"></span> income taxes payable in future</div>\n<div class=\"t m0 x1a h4f yd55 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">periods i<span class=\"_ _0\"></span>n respect of<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">taxable temp<span class=\"_ _2\"></span>orary differences. Deferred t<span class=\"_ _2\"></span>ax assets </span></span></div>\n<div class=\"t m0 x1a h4f yd56 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are the amount<span class=\"_ _2\"></span>s of income taxes recoverable<span class=\"_ _2\"></span> in future periods in respec<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x1a h4f yd57 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of deducti<span class=\"_ _2b\"></span>ble temporary dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _0\"></span>es, the car<span class=\"_ _0\"></span>ry forwar<span class=\"_ _0\"></span>d of unused t<span class=\"_ _0\"></span>ax</div>\n<div class=\"t m0 x1a h4f yd58 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">losses an<span class=\"_ _0\"></span>d of unused tax<span class=\"_ _0\"></span> credits<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd59 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd5a fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred tax is prov<span class=\"_ _2\"></span>ided in<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">full, using t<span class=\"_ _0\"></span>he statem<span class=\"_ _2b\"></span>ent of financial pos<span class=\"_ _0\"></span>ition </span></span></div>\n<div class=\"t m0 x1a h4f yd5b fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y method,<span class=\"_ _0\"></span> on tempora<span class=\"_ _2b\"></span>ry differences ari<span class=\"_ _0\"></span>sing betw<span class=\"_ _2b\"></span>een the tax bases</div>\n<div class=\"t m0 x1a h4f yd5c fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of assets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties and the<span class=\"_ _2b\"></span>ir carrying amou<span class=\"_ _0\"></span>nts in the Co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f yd5d fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al Statements.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd5e fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd5f fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The rates e<span class=\"_ _0\"></span>nacted or su<span class=\"_ _0\"></span>bstanti<span class=\"_ _2b\"></span>vely ena<span class=\"wsfa\">cted at t<span class=\"_ _2b\"></span>he date of th<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent </span></div>\n<div class=\"t m0 x1a h4f y8c1 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of fina<span class=\"_ _0\"></span>ncial pos<span class=\"_ _2b\"></span>ition are use<span class=\"_ _0\"></span>d to deter<span class=\"_ _2b\"></span>mine the defer<span class=\"_ _0\"></span>red tax<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8c2 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c3 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax assets a<span class=\"_ _0\"></span>re recog<span class=\"_ _0\"></span>nised to<span class=\"_ _0\"></span> the exte<span class=\"_ _2b\"></span>nt that it is pr<span class=\"_ _0\"></span>obable t<span class=\"_ _0\"></span>hat</div>\n<div class=\"t m0 x1a h4f y8c4 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">suffici<span class=\"_ _0\"></span>ent futu<span class=\"_ _0\"></span>re tax<span class=\"_ _0\"></span>able prof<span class=\"_ _0\"></span>it wil<span class=\"_ _0\"></span>l be avai<span class=\"_ _0\"></span>lable t<span class=\"_ _0\"></span>o allow t<span class=\"_ _0\"></span>he benef<span class=\"_ _0\"></span>it of part<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y8c5 fff7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or <span class=\"wsf0\">the entire d<span class=\"_ _0\"></span>eferred t<span class=\"_ _0\"></span>ax asset to b<span class=\"_ _0\"></span>e utilise<span class=\"_ _0\"></span>d.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd48 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yca8 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax liabilit<span class=\"_ _0\"></span>ies are p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>d on taxab<span class=\"_ _2b\"></span>le temporary<span class=\"_ _0\"></span> differe<span class=\"_ _0\"></span>nces</div>\n<div class=\"t m0 x1a h4f yca9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">arising f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tments i<span class=\"_ _0\"></span>n subsidi<span class=\"_ _0\"></span>aries, ass<span class=\"_ _2b\"></span>ociates, and joint<span class=\"_ _0\"></span> ventures<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x1a h4f ycaa fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">except w<span class=\"_ _2b\"></span>here the timin<span class=\"_ _0\"></span>g of the <span class=\"_ _0\"></span>reversal <span class=\"_ _0\"></span>of the t<span class=\"_ _0\"></span>emporar<span class=\"_ _2b\"></span>y difference c<span class=\"_ _0\"></span>an</div>\n<div class=\"t m0 x1a h4f ycab fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">be contr<span class=\"_ _2b\"></span>olled and it is <span class=\"_ _0\"></span>probable t<span class=\"_ _2b\"></span>hat the diff<span class=\"_ _0\"></span>erence w<span class=\"_ _0\"></span>ill not re<span class=\"_ _2b\"></span>verse in the</div>\n<div class=\"t m0 x1a h4f ycac fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">foreseeable fu<span class=\"_ _2\"></span>ture.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycad fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycae fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Current <span class=\"_ _2b\"></span>and deferred t<span class=\"_ _0\"></span>ax relat<span class=\"_ _0\"></span>ed to fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e remeas<span class=\"_ _2b\"></span>urement of ite<span class=\"_ _0\"></span>ms in</div>\n<div class=\"t m0 x1a h4f ycaf fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the stat<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> financi<span class=\"_ _2b\"></span>al position wh<span class=\"_ _2b\"></span>ich are c<span class=\"lse2\">harged or cre<span class=\"_ _2\"></span>dited directly </span></div>\n<div class=\"t m0 x1a h4f ycb0 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to equity (s<span class=\"_ _0\"></span>uch as avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-</span>sale investme<span class=\"_ _0\"></span>nts and cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span>flow hedges<span class=\"_ _2b\"></span>)</div>\n<div class=\"t m0 x1a h4f ycb1 fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is also <span class=\"_ _2\"></span>credited or charged <span class=\"_ _2\"></span>directly to equi<span class=\"_ _2\"></span>ty and is subsequen<span class=\"_ _2\"></span>tly</div>\n<div class=\"t m0 x1a h4f ycb2 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent together wi<span class=\"_ _0\"></span>th the d<span class=\"_ _2b\"></span>eferred gain o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f yd49 fff7 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 482px; width: 352px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 802px; width: 352px; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag427": {
   "value": "\n<div class=\"t m0 x1a h55 yd53 fff9 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd54 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred tax lia<span class=\"_ _2\"></span>bilities are the amounts of<span class=\"_ _2\"></span> income taxes payable in future</div>\n<div class=\"t m0 x1a h4f yd55 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">periods i<span class=\"_ _0\"></span>n respect of<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">taxable temp<span class=\"_ _2\"></span>orary differences. Deferred t<span class=\"_ _2\"></span>ax assets </span></span></div>\n<div class=\"t m0 x1a h4f yd56 fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are the amount<span class=\"_ _2\"></span>s of income taxes recoverable<span class=\"_ _2\"></span> in future periods in respec<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x1a h4f yd57 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of deducti<span class=\"_ _2b\"></span>ble temporary dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _0\"></span>es, the car<span class=\"_ _0\"></span>ry forwar<span class=\"_ _0\"></span>d of unused t<span class=\"_ _0\"></span>ax</div>\n<div class=\"t m0 x1a h4f yd58 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">losses an<span class=\"_ _0\"></span>d of unused tax<span class=\"_ _0\"></span> credits<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd59 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd5a fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred tax is prov<span class=\"_ _2\"></span>ided in<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">full, using t<span class=\"_ _0\"></span>he statem<span class=\"_ _2b\"></span>ent of financial pos<span class=\"_ _0\"></span>ition </span></span></div>\n<div class=\"t m0 x1a h4f yd5b fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y method,<span class=\"_ _0\"></span> on tempora<span class=\"_ _2b\"></span>ry differences ari<span class=\"_ _0\"></span>sing betw<span class=\"_ _2b\"></span>een the tax bases</div>\n<div class=\"t m0 x1a h4f yd5c fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of assets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties and the<span class=\"_ _2b\"></span>ir carrying amou<span class=\"_ _0\"></span>nts in the Co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f yd5d fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al Statements.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd5e fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd5f fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The rates e<span class=\"_ _0\"></span>nacted or su<span class=\"_ _0\"></span>bstanti<span class=\"_ _2b\"></span>vely ena<span class=\"wsfa\">cted at t<span class=\"_ _2b\"></span>he date of th<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent </span></div>\n<div class=\"t m0 x1a h4f y8c1 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of fina<span class=\"_ _0\"></span>ncial pos<span class=\"_ _2b\"></span>ition are use<span class=\"_ _0\"></span>d to deter<span class=\"_ _2b\"></span>mine the defer<span class=\"_ _0\"></span>red tax<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8c2 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c3 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax assets a<span class=\"_ _0\"></span>re recog<span class=\"_ _0\"></span>nised to<span class=\"_ _0\"></span> the exte<span class=\"_ _2b\"></span>nt that it is pr<span class=\"_ _0\"></span>obable t<span class=\"_ _0\"></span>hat</div>\n<div class=\"t m0 x1a h4f y8c4 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">suffici<span class=\"_ _0\"></span>ent futu<span class=\"_ _0\"></span>re tax<span class=\"_ _0\"></span>able prof<span class=\"_ _0\"></span>it wil<span class=\"_ _0\"></span>l be avai<span class=\"_ _0\"></span>lable t<span class=\"_ _0\"></span>o allow t<span class=\"_ _0\"></span>he benef<span class=\"_ _0\"></span>it of part<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y8c5 fff7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or <span class=\"wsf0\">the entire d<span class=\"_ _0\"></span>eferred t<span class=\"_ _0\"></span>ax asset to b<span class=\"_ _0\"></span>e utilise<span class=\"_ _0\"></span>d.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yd48 fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yca8 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax liabilit<span class=\"_ _0\"></span>ies are p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>d on taxab<span class=\"_ _2b\"></span>le temporary<span class=\"_ _0\"></span> differe<span class=\"_ _0\"></span>nces</div>\n<div class=\"t m0 x1a h4f yca9 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">arising f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tments i<span class=\"_ _0\"></span>n subsidi<span class=\"_ _0\"></span>aries, ass<span class=\"_ _2b\"></span>ociates, and joint<span class=\"_ _0\"></span> ventures<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x1a h4f ycaa fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">except w<span class=\"_ _2b\"></span>here the timin<span class=\"_ _0\"></span>g of the <span class=\"_ _0\"></span>reversal <span class=\"_ _0\"></span>of the t<span class=\"_ _0\"></span>emporar<span class=\"_ _2b\"></span>y difference c<span class=\"_ _0\"></span>an</div>\n<div class=\"t m0 x1a h4f ycab fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">be contr<span class=\"_ _2b\"></span>olled and it is <span class=\"_ _0\"></span>probable t<span class=\"_ _2b\"></span>hat the diff<span class=\"_ _0\"></span>erence w<span class=\"_ _0\"></span>ill not re<span class=\"_ _2b\"></span>verse in the</div>\n<div class=\"t m0 x1a h4f ycac fff7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">foreseeable fu<span class=\"_ _2\"></span>ture.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycad fff7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ycae fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Current <span class=\"_ _2b\"></span>and deferred t<span class=\"_ _0\"></span>ax relat<span class=\"_ _0\"></span>ed to fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e remeas<span class=\"_ _2b\"></span>urement of ite<span class=\"_ _0\"></span>ms in</div>\n<div class=\"t m0 x1a h4f ycaf fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the stat<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> financi<span class=\"_ _2b\"></span>al position wh<span class=\"_ _2b\"></span>ich are c<span class=\"lse2\">harged or cre<span class=\"_ _2\"></span>dited directly </span></div>\n<div class=\"t m0 x1a h4f ycb0 fff7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to equity (s<span class=\"_ _0\"></span>uch as avai<span class=\"_ _0\"></span>lable<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">for</span>-</span>sale investme<span class=\"_ _0\"></span>nts and cas<span class=\"_ _0\"></span>h<span class=\"ls0 ws0\">-</span>flow hedges<span class=\"_ _2b\"></span>)</div>\n<div class=\"t m0 x1a h4f ycb1 fff7 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">is also <span class=\"_ _2\"></span>credited or charged <span class=\"_ _2\"></span>directly to equi<span class=\"_ _2\"></span>ty and is subsequen<span class=\"_ _2\"></span>tly</div>\n<div class=\"t m0 x1a h4f ycb2 fff7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent together wi<span class=\"_ _0\"></span>th the d<span class=\"_ _2b\"></span>eferred gain o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f yd49 fff7 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">loss.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 300px; height: 482px; width: 352px; z-index: 6;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag429": {
   "value": "\n<div class=\"t m0 x7 h4f y802 fffb fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">2.8.21 <span class=\"ls0 ws0\"> <span class=\"_ _ab\"> </span></span>Ear<span class=\"wsfa\">nings per share<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Basic earnin<span class=\"_ _2\"></span>gs per share are<span class=\"_ _2\"></span> calculated by di<span class=\"_ _2\"></span>viding net resul<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x7 h4f y804 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">attribut<span class=\"_ _2b\"></span>able to ordinary sh<span class=\"_ _2b\"></span>areholders by the w<span class=\"_ _2b\"></span>eighted averag<span class=\"_ _0\"></span>e number of</div>\n<div class=\"t m0 x7 h4f y805 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">ordinary <span class=\"_ _2\"></span>shares in issue d<span class=\"_ _2\"></span>uring the year, e<span class=\"_ _2\"></span>xcluding the average<span class=\"_ _2\"></span> number</div>\n<div class=\"t m0 x7 h4f y806 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of ordina<span class=\"_ _0\"></span>ry shares pu<span class=\"_ _0\"></span>rchased<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>by Ag<span class=\"_ _0\"></span>eas and hel<span class=\"_ _0\"></span>d as treasu<span class=\"_ _0\"></span>ry shares.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 fffb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For the dil<span class=\"_ _0\"></span>uted earni<span class=\"_ _0\"></span>ngs per shar<span class=\"_ _0\"></span>e, the weig<span class=\"_ _2b\"></span>hted average numb<span class=\"_ _0\"></span>er of</div>\n<div class=\"t m0 x7 h4f y809 fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">ordinary share<span class=\"_ _2\"></span>s in issue is adjusted to assum<span class=\"_ _2\"></span>e conversion of all dilutiv<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x7 h4f y80a fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">potenti<span class=\"_ _0\"></span>al ordina<span class=\"_ _2b\"></span>ry <span class=\"_ _2\"></span>sha<span class=\"_ _0\"></span>res, suc<span class=\"_ _0\"></span>h as convert<span class=\"_ _0\"></span>ible debt,<span class=\"_ _0\"></span> preferr<span class=\"_ _0\"></span>ed shares<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f y80b fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">share opti<span class=\"lse0 wsf0\">ons and restrict<span class=\"_ _0\"></span>ed shares g<span class=\"_ _0\"></span>ranted to e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es. Potent<span class=\"_ _2b\"></span>ial or </span></div>\n<div class=\"t m0 x1a h4f yc3c fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contingent shar<span class=\"_ _2\"></span>e issuances are treated as dil<span class=\"_ _2\"></span>utive when their conversion<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd61 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">to shares<span class=\"_ _2\"></span> would decrease net<span class=\"_ _2\"></span> earnings per shar<span class=\"_ _2\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd62 fffb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd63 fffb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The impact <span class=\"_ _2\"></span>of discontinued o<span class=\"_ _2\"></span>perations on the ba<span class=\"_ _2\"></span>sic and diluted e<span class=\"_ _2\"></span>arnings</div>\n<div class=\"t m0 x1a h4f yd64 fffb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">per share is s<span class=\"_ _0\"></span>hown by div<span class=\"_ _0\"></span>iding net r<span class=\"_ _0\"></span>esult bef<span class=\"_ _2b\"></span>ore discontinued o<span class=\"_ _2b\"></span>perations</div>\n<div class=\"t m0 x1a h4f yd65 fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">by the weighted<span class=\"_ _2\"></span> average number of ordinary share<span class=\"_ _2\"></span>s in issue during the</div>\n<div class=\"t m0 x1a h4f yd66 fffb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">year, excluding<span class=\"_ _2\"></span> the average number of ord<span class=\"wsfa\">i<span class=\"_ _2\"></span>nary shares purcha<span class=\"_ _2\"></span>sed by </span></div>\n<div class=\"t m0 x1a h4f yd67 fffb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas a<span class=\"_ _0\"></span>nd held as<span class=\"_ _2b\"></span> treasury shar<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 944px; height: 162px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag442": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">A<span class=\"_ _2b\"></span>cquisitions<span class=\"_ _2b\"></span>, disposals and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">disposa<span class=\"_ _2\"></span>l group held for sale</div>\n<div class=\"t m0 x7 h75 yd6c ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">The following significant</div>\n<div class=\"t m0 x7 h75 yd6d ff100 fs49 fc14 sc0 ls11a ws13b\" style=\"z-index: 15;\">acquisitions and <span class=\"ws0\">disposals were </span></div>\n<div class=\"t m0 x7 h75 yd6e ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">made in <span class=\"ls11a ws13c\">2022<span class=\"ls0 ws0\"> </span></span><span class=\"ws13d\">and <span class=\"ls11a ws13c\">2021<span class=\"ws0\">. Details of </span></span></span></div>\n<div class=\"t m0 x7 h75 yd6f ff100 fs49 fc14 sc0 ls11a ws13b\" style=\"z-index: 15;\">acquisitions and disposals, if any,</div>\n<div class=\"t m0 x7 h75 yd70 ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">which took place after the date of</div>\n<div class=\"t m0 x7 h75 yd71 ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">the statement of financial position,</div>\n<div class=\"t m0 x7 h75 yd72 ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">are included in note 4<span class=\"ls0 ws0\">4 <span class=\"_ _2\"></span></span><span class=\"ws13e\">Events after </span></div>\n<div class=\"t m0 x7 h75 yd73 ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">the date of the statement of</div>\n<div class=\"t m0 x7 h75 yd74 ff100 fs49 fc14 sc0 ls119 ws13a\" style=\"z-index: 15;\">financial position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h76 yd75 ff101 fs4a fcf sc0 ls11b ws13f\" style=\"z-index: 15;\">3.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h76 yd76 ff101 fs4a fcf sc0 ls11c ws140\" style=\"z-index: 15;\">Acquisit<span class=\"ls11d ws141\">ions <span class=\"_ _2\"></span>in 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h74 yd77 fffe fs48 fc1f sc0 ls117 ws142\" style=\"z-index: 15;\">Additional i<span class=\"_ _2\"></span>nterest in AFLIC<span class=\"_ _2\"></span> (Asia<span class=\"ls0 ws0\">) </span></div>\n<div class=\"t m0 x26 h74 yd78 fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">On 20 May 202<span class=\"_ _0\"></span>2, Ageas si<span class=\"_ _0\"></span>gned an agr<span class=\"_ _0\"></span>eement to i<span class=\"_ _0\"></span>ncrease it<span class=\"_ _0\"></span>s interest i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e joint vent<span class=\"_ _2b\"></span>ure Ageas</div>\n<div class=\"t m0 x26 h74 yd79 fffe fs48 fc14 sc0 ls11e ws142\" style=\"z-index: 15;\">Federal <span class=\"_ _0\"></span>Life In<span class=\"_ _0\"></span>suranc<span class=\"_ _0\"></span>e Compa<span class=\"_ _0\"></span>ny Ltd (<span class=\"_ _0\"></span>AFLIC) f<span class=\"_ _0\"></span>rom 49% t<span class=\"_ _2b\"></span>o 74% for a cas<span class=\"_ _0\"></span>h consi<span class=\"_ _0\"></span>deratio<span class=\"_ _0\"></span>n of INR 5.<span class=\"_ _2b\"></span>8</div>\n<div class=\"t m0 x26 h74 yd7a fffe fs48 fc14 sc0 ls11f ws143\" style=\"z-index: 15;\">billion<span class=\"_ _2\"></span><span class=\"ls117 ws142\">. This transaction<span class=\"_ _2\"></span> <span class=\"ws138\">was </span><span class=\"ls120\">closed<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> o</span><span class=\"ls11e\">n 19 Septe<span class=\"_ _0\"></span>mber 20<span class=\"_ _0\"></span>22. Unde<span class=\"_ _0\"></span>r IFRS,<span class=\"_ _0\"></span> this tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _0\"></span>n is </span></span></span></div>\n<div class=\"t m0 x26 h74 yd7b fffe fs48 fc14 sc0 ls117 ws144\" style=\"z-index: 15;\">considered a s<span class=\"_ _2\"></span>tep acquisition, hence the prev<span class=\"_ _2\"></span>iously held interest of 49% <span class=\"ls121 ws145\">wa<span class=\"ls118 ws143\">s treated as <span class=\"_ _2\"></span>if it had </span></span></div>\n<div class=\"t m0 x26 h74 yd7c fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">been disp<span class=\"_ _0\"></span>osed of res<span class=\"_ _0\"></span>ulting in<span class=\"ls0 ws0\"> </span>a non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"ls11e ws139\">cash capital g<span class=\"_ _2b\"></span>ain of EUR 50 million.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h74 yd7d fffe fs48 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h74 yd7e fffe fs48 fc14 sc0 ls122 ws146\" style=\"z-index: 15;\">AFLIC <span class=\"_ _2\"></span><span class=\"ls123 ws147\">wa<span class=\"ls117 ws144\">s fully consolida<span class=\"_ _2\"></span>ted by Ageas group <span class=\"ls118 ws139\">as <span class=\"ls11e ws142\">from the l<span class=\"_ _0\"></span>ast quart<span class=\"_ _2b\"></span>er of<span class=\"ls0 ws0\"> <span class=\"ls117 ws138\">2022<span class=\"_ _2\"></span>.</span> </span></span></span></span></span></div>\n<div class=\"t m0 x26 h74 yd7f fffe fs48 fc1f sc0 ls117 ws144\" style=\"z-index: 15;\">Real estate compan<span class=\"_ _2\"></span>ies (Europe<span class=\"ls0 ws0\">)<span class=\"ff102 fc1a\"> </span></span></div>\n<div class=\"t m0 x26 h74 yd80 fffe fs48 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"ls123 ws147\">wo</span> <span class=\"_ _2\"></span><span class=\"ls117 ws142\">real estate companie<span class=\"_ _2\"></span>s were jointly a<span class=\"_ _2\"></span>cquired by several<span class=\"_ _2\"></span> group entities <span class=\"_ _2\"></span>in Portugal. Campol<span class=\"_ _2\"></span>ide </span></div>\n<div class=\"t m0 x26 h74 yd81 fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">XXI was acq<span class=\"_ _2b\"></span>uired at the end of 2021 for a<span class=\"_ _0\"></span>n amount of E<span class=\"_ _0\"></span>UR 30 milli<span class=\"_ _0\"></span>on and SPPP i<span class=\"_ _0\"></span>n the first q<span class=\"_ _0\"></span>uarter</div>\n<div class=\"t m0 x26 h74 yd82 fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">of 2022 for 8<span class=\"_ _0\"></span>2 million.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h74 yd83 fffe fs48 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h74 yd84 fffe fs48 fc14 sc0 ls11f ws143\" style=\"z-index: 15;\">Milleniu<span class=\"_ _2\"></span>mbcp<span class=\"ls0 ws0\"> <span class=\"ls117 ws144\">Ageas holds the maj<span class=\"_ _2\"></span>ority of the shares in both comp<span class=\"_ _2\"></span>anies. These companies are fu<span class=\"_ _2\"></span>lly </span></span></div>\n<div class=\"t m0 x26 h74 yd85 fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated by Ag<span class=\"_ _0\"></span>eas group as p<span class=\"_ _2b\"></span>er 3<span class=\"ls0 ws0\">1<span class=\"_ _2\"></span> <span class=\"ls123 ws147\">December</span> <span class=\"_ _2\"></span><span class=\"ls117 ws138\">2022</span>. </span></div>\n<div class=\"t m0 x26 h74 yd86 fffe fs48 fc1f sc0 ls11e ws142\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance (Belgium)<span class=\"_ _2b\"></span><span class=\"fc1a ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h74 yd87 fffe fs48 fc14 sc0 ls11e ws142\" style=\"z-index: 15;\">In July<span class=\"ls0 ws0\"> <span class=\"ls117 ws138\">2022</span></span><span class=\"ws139\">, AG Insu<span class=\"_ _0\"></span>rance ac<span class=\"_ _0\"></span>quired 100<span class=\"_ _0\"></span>% of the shar<span class=\"_ _0\"></span>es of Anima G<span class=\"_ _0\"></span>roup (5th la<span class=\"_ _0\"></span>rgest Bel<span class=\"_ _0\"></span>gian </span></div>\n<div class=\"t m0 x26 h74 yd88 fffe fs48 fc14 sc0 ls11e ws148\" style=\"z-index: 15;\">nurs<span class=\"ws139\">ing h<span class=\"_ _0\"></span>ome oper<span class=\"_ _0\"></span>ator) for an am<span class=\"_ _2b\"></span>ount of EUR 335 millio<span class=\"_ _2b\"></span>n. <span class=\"_ _2\"></span>Thi<span class=\"_ _0\"></span>s acquisit<span class=\"_ _2b\"></span>ion is <span class=\"ls117 ws138\">consider</span>ed a business </span></div>\n<div class=\"t m0 x26 h74 yd89 fffe fs48 fc14 sc0 ls117 ws138\" style=\"z-index: 15;\">combina<span class=\"ls11e ws139\">tion under IFR<span class=\"_ _2b\"></span>S 3. <span class=\"_ _2\"></span>No go<span class=\"_ _2b\"></span>odwill was recogn<span class=\"_ _2b\"></span>i<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span></span>ed in the o<span class=\"_ _0\"></span>pening bal<span class=\"_ _2b\"></span>ance<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x26 h76 yd8a ff101 fs4a fcf sc0 ls11b ws13f\" style=\"z-index: 15;\">3.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h76 yd8b ff101 fs4a fcf sc0 ls11c ws140\" style=\"z-index: 15;\">Acquisitions in <span class=\"_ _2\"></span><span class=\"ls124 ws149\">2021<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h74 yd8c fffe fs48 fc1f sc0 ls117 ws142\" style=\"z-index: 15;\">AgeSA (formerl<span class=\"_ _2\"></span>y: AvivaSA)<span class=\"ls0 ws0\"> </span><span class=\"ws138\">(Euro<span class=\"_ _2\"></span>pe)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h74 yd8d fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">On 5 May 2021,<span class=\"_ _0\"></span> Ageas anno<span class=\"_ _2b\"></span>unced that it had obt<span class=\"_ _0\"></span>ained all reg<span class=\"_ _2b\"></span>ulatory approv<span class=\"_ _2b\"></span>als and completed it<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x26 h74 yd8e fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">acquisi<span class=\"_ _0\"></span>tion from<span class=\"_ _0\"></span> Aviva plc, a 40%<span class=\"_ _0\"></span> stake in t<span class=\"_ _0\"></span>he Turkis<span class=\"_ _0\"></span>h listed life i<span class=\"_ _2b\"></span>nsurance and pensi<span class=\"_ _0\"></span>ons comp<span class=\"_ _0\"></span>any</div>\n<div class=\"t m0 x26 h74 yd8f fffe fs48 fc14 sc0 ls11e ws142\" style=\"z-index: 15;\">AgeSA. T<span class=\"_ _2b\"></span>he cash consid<span class=\"_ _2b\"></span>eration amount<span class=\"_ _0\"></span>ed to <span class=\"ls117 ws138\">GBP<span class=\"ls0 ws0\"> </span>119<span class=\"ls0 ws0\"> </span><span class=\"ws144\">million (EU<span class=\"_ _2\"></span>R <span class=\"ls0 ws0\">1</span></span></span><span class=\"ws148\">43<span class=\"ls0 ws0\"> </span><span class=\"ws139\">mill<span class=\"_ _0\"></span>ion includ<span class=\"_ _0\"></span>ing trans<span class=\"_ _2b\"></span>action </span></span></div>\n<div class=\"t m0 x26 h74 yd90 fffe fs48 fc14 sc0 ls117 ws142\" style=\"z-index: 15;\">costs). AgeSA<span class=\"_ _2\"></span> is accounted for<span class=\"_ _2\"></span> using the equi<span class=\"_ _2\"></span>ty method.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h74 yd91 fffe fs48 fc1f sc0 ls11e ws142\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance (Belgium)<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h74 yd92 fffe fs48 fc14 sc0 ls117 ws142\" style=\"z-index: 15;\">In 2021, AG<span class=\"_ _2\"></span> Insurance increas<span class=\"_ _2\"></span>ed its interest<span class=\"_ _2\"></span> in <span class=\"ls0 ws0\">CC<span class=\"ls121 ws145\">N <span class=\"ls11e ws139\">(Centre de Comm<span class=\"_ _2b\"></span>unication Nord, m<span class=\"_ _0\"></span>ixed </span></span></span></div>\n<div class=\"t m0 x26 h74 yd93 fffe fs48 fc14 sc0 ls11e ws139\" style=\"z-index: 15;\">redevel<span class=\"_ _0\"></span>opment pr<span class=\"_ _2b\"></span>oject in Brussels<span class=\"_ _2b\"></span>) <span class=\"_ _2\"></span><span class=\"ws142\">fro<span class=\"_ _0\"></span>m 5% to 5<span class=\"_ _0\"></span>0%. This<span class=\"_ _2b\"></span> associate is st<span class=\"_ _2b\"></span>ill accounted f<span class=\"_ _2b\"></span>or using the </span></div>\n<div class=\"t m0 x26 h74 yd94 fffe fs48 fc14 sc0 ls117 ws142\" style=\"z-index: 15;\">equity me<span class=\"_ _2\"></span>thod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 223px; height: 738px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff107 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">3.<span class=\"ls0 ws0\">3 </span></div>\n<div class=\"t m0 x7 h6a y79d ff107 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Disposals <span class=\"_ _2\"></span>in <span class=\"ls10e ws131\">2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79e ff105 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Tesco Underwr<span class=\"_ _2\"></span>iting Ltd. (TU) (Eu<span class=\"_ _2\"></span>rope<span class=\"ls0 ws0\">)<span class=\"fc1a\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 14 Octob<span class=\"_ _0\"></span>er 2020, Age<span class=\"_ _2b\"></span>as announced an ag<span class=\"_ _0\"></span>reement<span class=\"_ _0\"></span> for Tesco Ba<span class=\"_ _0\"></span>nk</div>\n<div class=\"t m0 x7 h4f y7a0 ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to buy Ag<span class=\"_ _2b\"></span>eas\u2019s 50.1% st<span class=\"_ _0\"></span>ake in ass<span class=\"_ _2b\"></span>ociate Tesc<span class=\"_ _0\"></span>o Underw<span class=\"_ _0\"></span>riting L<span class=\"_ _0\"></span>imited.</div>\n<div class=\"t m0 x7 h4f y7a1 ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Accordi<span class=\"_ _2b\"></span>ngly, the carr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount of t<span class=\"_ _2b\"></span>he associate w<span class=\"_ _0\"></span>as pres<span class=\"_ _2b\"></span>ented as</div>\n<div class=\"t m0 x7 h4f ya7f ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">held for s<span class=\"_ _2b\"></span>ale in the 2020 f<span class=\"_ _0\"></span>inanci<span class=\"_ _2b\"></span>al statements<span class=\"_ _0\"></span>. The sal<span class=\"_ _2b\"></span>e <span class=\"wsf0\">was completed </span></div>\n<div class=\"t m0 x7 h4f ya80 ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on 4 May 2021 fo<span class=\"_ _0\"></span>r a cash consi<span class=\"_ _0\"></span>derati<span class=\"_ _2b\"></span>on of GBP 112 million. Th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>im<span class=\"_ _0\"></span>pact</div>\n<div class=\"t m0 x1a h4f yd9c ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the sa<span class=\"_ _0\"></span>le on th<span class=\"_ _2b\"></span>e results of the f<span class=\"_ _0\"></span>irst 6 m<span class=\"_ _0\"></span>onths of<span class=\"_ _0\"></span> 2021 wa<span class=\"_ _2b\"></span>s a profit of</div>\n<div class=\"t m0 x1a h4f yd9d ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EUR 4.2 <span class=\"_ _0\"></span>millio<span class=\"_ _0\"></span>n. This g<span class=\"_ _0\"></span>ain is sp<span class=\"_ _2b\"></span>read over acros<span class=\"_ _0\"></span>s the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yd9e ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">captio<span class=\"_ _0\"></span>ns \u2018Intere<span class=\"_ _0\"></span>st, divi<span class=\"_ _0\"></span>dend <span class=\"wsfa\">and ot<span class=\"_ _2b\"></span>her investmen<span class=\"_ _0\"></span>t incom<span class=\"_ _0\"></span>e\u2019 and \u2018R<span class=\"_ _2b\"></span>esults </span></div>\n<div class=\"t m0 x1a h4f yd9f ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on sales and r<span class=\"_ _2b\"></span>evaluations\u2019. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yda0 ff105 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance (Belgium)<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yda1 ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2021, Tr<span class=\"_ _0\"></span>ansimm<span class=\"_ _0\"></span>o was fully co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed by AG Insurance an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>was n<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yda2 ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">longer acc<span class=\"_ _2b\"></span>ounted for using th<span class=\"_ _0\"></span>e equity met<span class=\"_ _2b\"></span>hod<span class=\"ls0 ws0\">.</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 960px; height: 146px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h6a yafc ff107 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">3.4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yda3 ff107 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Assets<span class=\"_ _0\"></span> and li<span class=\"ls103 ws11f\">abiliti<span class=\"_ _2\"></span>es of <span class=\"_ _2\"></span>acquisiti<span class=\"_ _2\"></span>ons and <span class=\"_ _2\"></span>disposa<span class=\"_ _2\"></span>ls <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yda4 ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es detail<span class=\"_ _2b\"></span>s of the assets <span class=\"_ _2b\"></span>and liabilities<span class=\"_ _0\"></span> result<span class=\"_ _0\"></span>ing from t<span class=\"_ _2b\"></span>he acquisitio<span class=\"_ _0\"></span>n or dis<span class=\"_ _0\"></span>posal of s<span class=\"_ _2b\"></span>ubsidiaries <span class=\"_ _0\"></span>and<span class=\"lsfc ws115\">/or </span>equity acc<span class=\"_ _0\"></span>ounted i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yda5 ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at the date of ac<span class=\"_ _2b\"></span>quisition or dispos<span class=\"_ _2b\"></span>al.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yda6 ff105 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 829px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 829px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y601 ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 829px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 829px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y601 ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 829px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 814px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 492px; bottom: 814px; z-index: 15;\">Acquisitions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 586px; bottom: 814px; z-index: 15;\">Disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 663px; bottom: 814px; z-index: 15;\">Acquisitions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 758px; bottom: 814px; z-index: 15;\">Disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff105 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 798px; z-index: 15;\">Assets and liabilities of acq<span class=\"_ _0\"></span>uisitions and disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 783px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 783px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 769px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f2 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 517px; bottom: 769px; z-index: 15;\">1,151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 769px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 769px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 769px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 754px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 754px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 754px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f4 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 754px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 754px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 739px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 739px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 739px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 739px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 739px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff105 fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 724px; z-index: 15;\">Inv<span class=\"_ _2\"></span>estments <span class=\"_ _2\"></span>relate<span class=\"_ _2\"></span>d to <span class=\"lse4 wsf4\">unit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">linked contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x24 h52 y60e ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 724px; z-index: 15;\">514<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff105 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 709px; z-index: 15;\">Investments in associates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 694px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">including capital (re)payments </span> </div>\n<div class=\"t m0 x2f h52 y60e ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 694px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 694px; z-index: 15;\">(95)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 696px; bottom: 694px; z-index: 15;\">202<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 694px; z-index: 15;\">(171)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 679px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 679px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 665px; z-index: 15;\">Current and deferred tax a<span class=\"_ _0\"></span>ssets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 665px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 665px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 665px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 665px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 650px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 650px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff105 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 635px; z-index: 15;\">Property, plant and <span class=\"wsf4\">equipment<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 635px; z-index: 15;\">433<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 635px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 635px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 635px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 620px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5ff ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 620px; z-index: 15;\">318<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 605px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 605px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Liabilities arising from i<span class=\"_ _0\"></span>nsurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 517px; bottom: 590px; z-index: 15;\">1,187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 576px; z-index: 15;\">Liabilities related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y605 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 576px; z-index: 15;\">514<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 576px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 576px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 576px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 561px; z-index: 15;\">Current and deferred tax l<span class=\"_ _0\"></span>iabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 561px; z-index: 15;\">115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 561px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 561px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 561px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 546px; z-index: 15;\">Accrued <span class=\"wsf3\">interest and other liabilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y638 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 546px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 546px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y638 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 531px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y5f4 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 531px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 531px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 516px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff108 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 501px; z-index: 15;\">Net assets acquired / Net assets disposed of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 ydd0 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 501px; z-index: 15;\">712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 ydd0 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 501px; z-index: 15;\">(95)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 ydd0 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 696px; bottom: 501px; z-index: 15;\">233<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 ydd0 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 501px; z-index: 15;\">(176)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff109 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff109 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff109 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff109 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 472px; z-index: 15;\">Result of disposal, gross<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 472px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 ydd0 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 472px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 472px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 ydd0 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 472px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff105 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 457px; z-index: 15;\">Result on discontinued ope<span class=\"_ _0\"></span>rations, net of taxes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 457px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 457px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 457px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff105 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 457px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff105 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 427px; z-index: 15;\">Cash used for acquisitions / received from disposals:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 427px; z-index: 15;\">  </div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff105 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff105 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 412px; z-index: 15;\">Total purchase consideration / Proceeds from sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 412px; z-index: 15;\">(712)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 412px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 412px; z-index: 15;\">(233)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 412px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 397px; z-index: 15;\">Less: Cash and cash <span class=\"_ _0\"></span>equivalents acquired / di<span class=\"_ _0\"></span>vested<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 397px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 397px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 397px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 397px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff105 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Less: Non<span class=\"ls0 ws0\">-<span class=\"lsec ws100\">cash m<span class=\"_ _2\"></span>ovement</span> </span></div>\n<div class=\"t m0 x24 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 382px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff105 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 382px; z-index: 15;\">(143)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff105 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff108 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 368px; z-index: 15;\">Cash used for <span class=\"lse7 wsf8\">acquis<span class=\"_ _2b\"></span>itions / receiv<span class=\"_ _2b\"></span>ed from disp<span class=\"_ _0\"></span>osals<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f0 h54 y603 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 519px; bottom: 368px; z-index: 15;\">(488)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y603 ff108 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 368px; z-index: 15;\">(233)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y603 ff108 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 368px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 357px; height: 749px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff10d fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">3.5<span class=\"ls0 ws0\"> <span class=\"_ _1ec\"> </span><span class=\"ls112 ws133\">Disposal group held for sale</span></span></div>\n<div class=\"t m0 x7 h4f ydd2 ff10b fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas France<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> (</span><span class=\"wsf1\">Europe<span class=\"ls0 ws0\">) </span></span></div>\n<div class=\"t m0 x7 h4f ydd3 ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">In the last qu<span class=\"_ _0\"></span>arter of 20<span class=\"_ _0\"></span>22, Ageas S<span class=\"_ _0\"></span>A/NV dec<span class=\"_ _0\"></span>ided to eng<span class=\"_ _0\"></span>age in a</div>\n<div class=\"t m0 x7 h4f ydd4 ff10b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">process<span class=\"_ _0\"></span> to dispo<span class=\"_ _2b\"></span>se of its activ<span class=\"_ _0\"></span>ities in F<span class=\"_ _2b\"></span>rance.<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">This dispos<span class=\"_ _2b\"></span>al meets the </span></div>\n<div class=\"t m0 x7 h4f ydd5 ff10b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">criteri<span class=\"_ _0\"></span>a of IFR<span class=\"_ _0\"></span>S 5 to be c<span class=\"_ _0\"></span>lassifi<span class=\"_ _0\"></span>ed as hel<span class=\"_ _0\"></span>d for sal<span class=\"_ _2b\"></span>e. The sale is <span class=\"_ _0\"></span>expecte<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f ydd6 ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">to be compl<span class=\"_ _0\"></span>eted in the<span class=\"_ _0\"></span> course of 20<span class=\"_ _0\"></span>23.<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t m0 x7 h4f ydd7 ff10b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">  </div>\n<div class=\"t m0 x7 h4f ydd8 ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Consequ<span class=\"_ _0\"></span>ently,<span class=\"_ _0\"></span> the assets a<span class=\"_ _0\"></span>nd liabil<span class=\"_ _0\"></span>ities at 31 Dec<span class=\"_ _2b\"></span>ember 2022 relate<span class=\"_ _0\"></span>d to</div>\n<div class=\"t m0 x7 h4f ydd9 ff10b fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"ws103\">Fran<span class=\"_ _2\"></span>ce (and its subsidiaries) were<span class=\"_ _2\"></span> classified as a disposal<span class=\"_ _2\"></span> group </span></div>\n<div class=\"t m0 x7 h4f ydda ff10b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">and are s<span class=\"_ _2\"></span>hown as \u201cAssets he<span class=\"_ _2\"></span>ld for sale\u201d and<span class=\"_ _2\"></span> \u201cLiabilities<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">related to assets<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yddb ff10b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">held for s<span class=\"_ _2b\"></span>ale\u201d in the co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed statement of<span class=\"_ _0\"></span> financ<span class=\"_ _0\"></span>ial posi<span class=\"_ _0\"></span>tion. T<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f yddc ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span> group is r<span class=\"_ _0\"></span>eported i<span class=\"_ _0\"></span>n the segme<span class=\"_ _0\"></span>nt \u2018<span class=\"lse2 wsf1\">Europe\u2019.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yddd ff10b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ydde ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nts of major as<span class=\"_ _0\"></span>sets and li<span class=\"_ _0\"></span>abiliti<span class=\"_ _2b\"></span>es of Ageas France at</div>\n<div class=\"t m0 x1a h4f yddf ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">31 Decemb<span class=\"_ _2b\"></span>er 2022 are summaris<span class=\"_ _0\"></span>ed as foll<span class=\"_ _0\"></span>ows:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yde0 ff10e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff10f\"> <span class=\"_ _46\"> </span><span class=\"ff10b lse0 wsfa\">Available for s<span class=\"_ _2b\"></span>ale <span class=\"wsf0\">investme<span class=\"_ _0\"></span>nts EUR 2.<span class=\"_ _0\"></span>4 billion;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yde1 ff10e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff10f\"> <span class=\"_ _46\"> </span><span class=\"ff10b lse2 wsf1\">U<span class=\"_ _2\"></span>nit</span><span class=\"ff10b\">-<span class=\"lse0 wsf0\">linked inv<span class=\"_ _2b\"></span>estments EUR 1.5 bi<span class=\"_ _2b\"></span>llion<span class=\"ls0 ws0\">; </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yde2 ff10e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff10f\"> <span class=\"_ _46\"> </span><span class=\"ff10b lse0 wsfa\">Insurance li<span class=\"_ _0\"></span>abilities<span class=\"_ _2b\"></span> EUR <span class=\"lsf4 ws10c\">2.4<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">bi<span class=\"_ _2\"></span>llion</span>; </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yde3 ff10e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff10f\"> <span class=\"_ _46\"> </span><span class=\"ff10b lse2 ws103\">L<span class=\"_ _2\"></span>iabilities related to Uni<span class=\"_ _2\"></span>t linked</span><span class=\"ff10b\"> <span class=\"lse2 ws103\">products: EUR<span class=\"_ _2\"></span> <span class=\"lsfc ws115\">1.5</span></span> <span class=\"ls102 ws11d\">billion<span class=\"_ _2\"></span>.</span> </span></span></div>\n<div class=\"t m0 x1a h4f yde4 ff10b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yde5 ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">There is al<span class=\"_ _0\"></span>so an interc<span class=\"_ _0\"></span>ompany su<span class=\"_ _2b\"></span>bordinated liab<span class=\"_ _2b\"></span>ility of EUR 55 milli<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x1a h4f yde6 ff10b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">on the b<span class=\"_ _2\"></span>alance sheet of Agea<span class=\"_ _2\"></span>s France that <span class=\"_ _2\"></span>is eliminated at<span class=\"_ _2\"></span> Ageas group</div>\n<div class=\"t m0 x1a h4f yde7 ff10b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">level. The t<span class=\"wsfa\">o<span class=\"_ _2\"></span>tal net equity of<span class=\"_ _2\"></span> Ageas France<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">at 31 December 2022</span> <span class=\"lsfa ws136\">is EUR </span></span></span></div>\n<div class=\"t m0 x1a h4f yde8 ff10b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">222 milli<span class=\"_ _0\"></span>on.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 881px; height: 225px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag441": {
   "value": "\n<div class=\"t m0 x7 h6a y79c ff107 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">3.<span class=\"ls0 ws0\">3 </span></div>\n<div class=\"t m0 x7 h6a y79d ff107 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Disposals <span class=\"_ _2\"></span>in <span class=\"ls10e ws131\">2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79e ff105 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Tesco Underwr<span class=\"_ _2\"></span>iting Ltd. (TU) (Eu<span class=\"_ _2\"></span>rope<span class=\"ls0 ws0\">)<span class=\"fc1a\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 14 Octob<span class=\"_ _0\"></span>er 2020, Age<span class=\"_ _2b\"></span>as announced an ag<span class=\"_ _0\"></span>reement<span class=\"_ _0\"></span> for Tesco Ba<span class=\"_ _0\"></span>nk</div>\n<div class=\"t m0 x7 h4f y7a0 ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to buy Ag<span class=\"_ _2b\"></span>eas\u2019s 50.1% st<span class=\"_ _0\"></span>ake in ass<span class=\"_ _2b\"></span>ociate Tesc<span class=\"_ _0\"></span>o Underw<span class=\"_ _0\"></span>riting L<span class=\"_ _0\"></span>imited.</div>\n<div class=\"t m0 x7 h4f y7a1 ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Accordi<span class=\"_ _2b\"></span>ngly, the carr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount of t<span class=\"_ _2b\"></span>he associate w<span class=\"_ _0\"></span>as pres<span class=\"_ _2b\"></span>ented as</div>\n<div class=\"t m0 x7 h4f ya7f ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">held for s<span class=\"_ _2b\"></span>ale in the 2020 f<span class=\"_ _0\"></span>inanci<span class=\"_ _2b\"></span>al statements<span class=\"_ _0\"></span>. The sal<span class=\"_ _2b\"></span>e <span class=\"wsf0\">was completed </span></div>\n<div class=\"t m0 x7 h4f ya80 ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on 4 May 2021 fo<span class=\"_ _0\"></span>r a cash consi<span class=\"_ _0\"></span>derati<span class=\"_ _2b\"></span>on of GBP 112 million. Th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>im<span class=\"_ _0\"></span>pact</div>\n<div class=\"t m0 x1a h4f yd9c ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the sa<span class=\"_ _0\"></span>le on th<span class=\"_ _2b\"></span>e results of the f<span class=\"_ _0\"></span>irst 6 m<span class=\"_ _0\"></span>onths of<span class=\"_ _0\"></span> 2021 wa<span class=\"_ _2b\"></span>s a profit of</div>\n<div class=\"t m0 x1a h4f yd9d ff105 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EUR 4.2 <span class=\"_ _0\"></span>millio<span class=\"_ _0\"></span>n. This g<span class=\"_ _0\"></span>ain is sp<span class=\"_ _2b\"></span>read over acros<span class=\"_ _0\"></span>s the inc<span class=\"_ _2b\"></span>ome statement<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yd9e ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">captio<span class=\"_ _0\"></span>ns \u2018Intere<span class=\"_ _0\"></span>st, divi<span class=\"_ _0\"></span>dend <span class=\"wsfa\">and ot<span class=\"_ _2b\"></span>her investmen<span class=\"_ _0\"></span>t incom<span class=\"_ _0\"></span>e\u2019 and \u2018R<span class=\"_ _2b\"></span>esults </span></div>\n<div class=\"t m0 x1a h4f yd9f ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on sales and r<span class=\"_ _2b\"></span>evaluations\u2019. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yda0 ff105 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance (Belgium)<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yda1 ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2021, Tr<span class=\"_ _0\"></span>ansimm<span class=\"_ _0\"></span>o was fully co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed by AG Insurance an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>was n<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x1a h4f yda2 ff105 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">longer acc<span class=\"_ _2b\"></span>ounted for using th<span class=\"_ _0\"></span>e equity met<span class=\"_ _2b\"></span>hod<span class=\"ls0 ws0\">.</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 960px; height: 146px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag443": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls1 ws1\" style=\"z-index: 15;\">Ris<span class=\"_ _2\"></span>k<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">ma<span class=\"_ _2\"></span>nag<span class=\"_ _0\"></span>ement</div>\n<div class=\"t m0 x7 h6a y724 ff112 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">4<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x7 h6a ydeb ff112 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Risk<span class=\"ls0 ws0\"> <span class=\"ls10f ws132\">Management <span class=\"ls10e ws131\">Objectives</span></span> </span></div>\n<div class=\"t m0 x7 h63 ydec ff113 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">As a multinational insuran<span class=\"_ _0\"></span>ce</div>\n<div class=\"t m0 x7 h63 yded ff113 fs40 fc1e sc0 lsf6 ws110\" style=\"z-index: 15;\">provider, <span class=\"ws0\">Ageas creates value </span></div>\n<div class=\"t m0 x7 h63 ydee ff113 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">through the proper and effective</div>\n<div class=\"t m0 x7 h63 ydef ff113 fs40 fc1e sc0 lsf8 ws112\" style=\"z-index: 15;\">managem<span class=\"ws10f\">ent of insurance <span class=\"lsf6 ws0\">risks at </span></span></div>\n<div class=\"t m0 x7 h63 ydf0 ff113 fs40 fc1e sc0 lsf6 ws110\" style=\"z-index: 15;\">an<span class=\"ls0 ws0\"> </span>individual <span class=\"lsf8 ws112\">and <span class=\"ws10f\">over<span class=\"_ _2\"></span>all portfolio </span></span></div>\n<div class=\"t m0 x7 h63 ydf1 ff113 fs40 fc1e sc0 lsf6 ws110\" style=\"z-index: 15;\">level.<span class=\"ls0 ws0\"> </span>Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"lsf8 ws10f\">insur<span class=\"_ _2\"></span>ance operations </span></span></div>\n<div class=\"t m0 x7 h63 ydf2 ff113 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">provide both Life and Non<span class=\"ls0 ws0\">-<span class=\"lsf6 ws110\">life </span></span></div>\n<div class=\"t m0 x7 h63 ydf3 ff113 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">insurances and <span class=\"lsf8 ws112\">consequently </span>face a</div>\n<div class=\"t m0 x7 h63 ydf4 ff113 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">number of risks that may affect <span class=\"ws112\">the </span></div>\n<div class=\"t m0 x7 h63 ydf5 ff113 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">achievement of company<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 ydf6 ff113 fs40 fc1e sc0 lsf6 ws110\" style=\"z-index: 15;\">objectives<span class=\"ls0 ws0\">.  </span></div>\n<div class=\"t m0 x26 h4f y724 ff110 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas only see<span class=\"_ _2\"></span>ks to<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">take on ris<span class=\"_ _2b\"></span>ks:<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y725 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse0 wsf0\">for which it has a good u<span class=\"_ _0\"></span>nderstan<span class=\"_ _0\"></span>ding<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x26 h4f y726 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse0 wsf0\">that can be adequate<span class=\"_ _0\"></span>ly asses<span class=\"_ _0\"></span>sed and ma<span class=\"_ _0\"></span>naged eit<span class=\"_ _0\"></span>her at the ind<span class=\"_ _0\"></span>ividual o<span class=\"_ _0\"></span>r at the overa<span class=\"_ _0\"></span>ll portf<span class=\"_ _0\"></span>olio </span></span></div>\n<div class=\"t m0 xcc h4f y727 ff110 fs3a fc1e sc0 lsfb wsfa\" style=\"z-index: 15;\">level<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x26 h4f y728 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse2 ws103\">th<span class=\"_ _2\"></span>at are affordable (i.e<span class=\"_ _2\"></span>. within the Ageas risk appeti<span class=\"_ _2\"></span>te)</span><span class=\"ff110\">. </span></span></div>\n<div class=\"t m0 x26 h4f y729 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse0 wsf0\">that have an accept<span class=\"_ _0\"></span>able <span class=\"lse2 wsf1\">risk<span class=\"ls0 ws0\">-</span><span class=\"ws103\">reward trade<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">off</span> </span></span></span>(mindf<span class=\"_ _0\"></span>ul of <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\">\u2019s<span class=\"_ _2\"></span> <span class=\"lsf4\">commitment to its </span></span></span></span></span></div>\n<div class=\"t m0 xcc h4f y72a ff110 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">stakeho<span class=\"_ _0\"></span>lders, t<span class=\"_ _2b\"></span>o society, as w<span class=\"_ _0\"></span>ell as <span class=\"lse2 ws103\">corporate and risk culture value<span class=\"_ _2\"></span>s)<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x26 h4f y72b ff110 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y72c ff110 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">The main <span class=\"_ _0\"></span>object<span class=\"_ _0\"></span>ives of <span class=\"_ _0\"></span><span class=\"lse2 wsf1\">Ageas<span class=\"lsfb wsfa\">'s<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"lse2\">risk management <span class=\"_ _2\"></span>are: <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f ydf7 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse1 wsf0\">Ri<span class=\"_ _2\"></span>sk</span><span class=\"ff110\">-<span class=\"lse0 wsfa\">takin<span class=\"_ _2b\"></span>g is consistent<span class=\"_ _0\"></span> with t<span class=\"_ _0\"></span>he strat<span class=\"_ _0\"></span>egy and w<span class=\"_ _2b\"></span>ithin risk <span class=\"lse2 wsf1\">appetite<span class=\"ls0 ws0\">. </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f ydf8 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse0 wsf0\">Appropriate in<span class=\"_ _0\"></span>centiv<span class=\"_ _0\"></span>es are in plac<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to pro<span class=\"_ _0\"></span>mote a comm<span class=\"_ _0\"></span>on unders<span class=\"_ _0\"></span>tandin<span class=\"_ _0\"></span>g of our risk c<span class=\"_ _0\"></span>ulture<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x26 h4f ydf9 ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse2 ws103\">Ap<span class=\"_ _2\"></span>propriate, timely and corr<span class=\"_ _2\"></span>ect information is available<span class=\"_ _2\"></span> to allow appropriate strategi<span class=\"_ _2\"></span>c decision</span><span class=\"ff110\">-</span></span></div>\n<div class=\"t m0 xcc h4f ydfa ff110 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">making<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x26 h4f ydfb ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse2 wsfa\">An<span class=\"_ _2\"></span> appropriate ris<span class=\"_ _2\"></span>k governance is i<span class=\"_ _2\"></span>n place, is ade<span class=\"lse0 wsf0\">quate and effect<span class=\"_ _0\"></span>ive, and can b<span class=\"_ _0\"></span>e evidenc<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\">.<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f ydfc ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse0 wsf0\">An appropriate Ent<span class=\"_ _2b\"></span>erprise Risk Man<span class=\"_ _2b\"></span>agement (ERM) po<span class=\"_ _0\"></span>licy frame<span class=\"_ _2b\"></span>work (including l<span class=\"_ _0\"></span>imits &amp; </span></span></div>\n<div class=\"t m0 xcc h4f ydfd ff110 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">minimum st<span class=\"_ _2b\"></span>andards) is in plac<span class=\"_ _2b\"></span>e, understood and e<span class=\"_ _0\"></span>mbedde<span class=\"_ _0\"></span>d in day<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">to</span>-</span>day business act<span class=\"_ _2b\"></span>ivities<span class=\"ls0 ws0\">.  </span></div>\n<div class=\"t m0 x26 h4f ydfe ff114 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff115\"> <span class=\"_ _46\"> </span><span class=\"ff110 lse2 ws103\">R<span class=\"_ _2\"></span>isk processes are high</span><span class=\"ff110\">-<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">calibre</span> <span class=\"lse2 wsf1\">and <span class=\"lse0 wsf0\">efficient, fac<span class=\"_ _0\"></span>ilitat<span class=\"_ _0\"></span>ing accur<span class=\"_ _2b\"></span>ate and informati<span class=\"_ _0\"></span>ve risk rep<span class=\"_ _0\"></span>orting </span></span></span></span></div>\n<div class=\"t m0 xcc h4f ydff ff110 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">that rei<span class=\"_ _0\"></span>nforces<span class=\"_ _0\"></span> the decis<span class=\"_ _2b\"></span>ion<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">making<span class=\"_ _2\"></span> process</span> </span></div>\n<div class=\"t m0 x26 h4f ye00 ff110 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ye01 ff110 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Risk cult<span class=\"_ _2b\"></span>ure forms an es<span class=\"_ _0\"></span>sentia<span class=\"_ _0\"></span>l part of<span class=\"_ _0\"></span> the ove<span class=\"_ _0\"></span>rall cor<span class=\"_ _0\"></span>porate c<span class=\"_ _0\"></span>ulture t<span class=\"_ _2b\"></span>hat the Ageas B<span class=\"_ _0\"></span>oard of</div>\n<div class=\"t m0 x26 h4f ye02 ff110 fs3a fc1e sc0 lse1 wsf0\" style=\"z-index: 15;\">Directors, <span class=\"lse2 wsf1\">Management <span class=\"ls104 ws126\">Co<span class=\"lsfc ws115\">m<span class=\"_ _2\"></span>mittee<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span></span><span class=\"wsfa\">and Ex<span class=\"lse0 wsef\">ecutiv<span class=\"_ _0\"></span>e <span class=\"lsfa ws114\">Co<span class=\"lsfc ws115\">mmi<span class=\"_ _2\"></span>ttee<span class=\"ls0 ws0\"> </span></span></span><span class=\"wsf0\">seek to promote and e<span class=\"_ _0\"></span>mbed. <span class=\"wsef\">Age<span class=\"_ _2b\"></span>as\u2019<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span></span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f ye03 ff110 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">risk culture<span class=\"_ _2\"></span>, outlined below, stems from <span class=\"wsf1\">t<span class=\"_ _2\"></span>he Ageas<span class=\"ls0 ws0\"> </span></span>corpor<span class=\"_ _2\"></span>ate culture. T<span class=\"lse0 wsfa\">he princi<span class=\"_ _0\"></span>ples of c<span class=\"_ _2b\"></span>orporate </span></div>\n<div class=\"t m0 x26 h4f ye04 ff110 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">culture and key<span class=\"_ _2\"></span> components of risk culture<span class=\"_ _2\"></span> provide guidance to actions<span class=\"_ _2\"></span> and decisions, and reflect the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x26 h4f ye05 ff110 fs3a fc1e sc0 ls102 ws11d\" style=\"z-index: 15;\">mind<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">set<span class=\"_ _0\"></span> and attit<span class=\"_ _2b\"></span>ude expected in <span class=\"wsef\">the <span class=\"lse2 wsf1\">company. <span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m7 xe4 h7b ye0d ff119 fs4d fc22 sc0 ls12a ws14f\" style=\"z-index: 15;\">1. RI<span class=\"ls0 ws0\">S<span class=\"ls12b ws150\">K </span>CU<span class=\"_ _2\"></span>L<span class=\"_ _2b\"></span>TURE</span></div>\n<div class=\"t m8 x9c h7c ye0e ff119 fs19 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">2. RISK STRATEGY, OBJECTIVES &amp; RISK APPETITE</div>\n<div class=\"t m8 x3a h7c ye0f ff119 fs19 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">3. RISK GOVERNANCE, RISK TAXONOMY, ERM POLICY FRAMEWORK &amp; MODEL FRAMEWORK</div>\n<div class=\"t m8 x1e6 h7d ye10 ff119 fs4e fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">4. RISK IN EXECUTION*</div>\n<div class=\"t m8 xf0 h7c ye12 ff119 fs19 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Identification</div>\n<div class=\"t m6 xf0 h7e ye13 ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">- Identify current &amp; emerging risks</div>\n<div class=\"t m6 xf0 h7e ye14 ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">- Covers risk taxonomy</div>\n<div class=\"t m8 x2b h7c ye15 ff119 fs19 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Monitoring &amp; Reporting</div>\n<div class=\"t m6 x2b h7e ye16 ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Continuous monitoring</div>\n<div class=\"t m6 x2b h7e ye17 ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">&amp; follow up on exposure &amp; actions</div>\n<div class=\"t m0 xfe h7f ye18 ff119 fs4f fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">4A. <span class=\"ff11a fc14\">Key Risk &amp; Emerging Risk Reporting</span></div>\n<div class=\"t m0 xfe h7f ye19 ff119 fs4f fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">4B. <span class=\"ff11a fc14\">ORSA Process</span></div>\n<div class=\"t m8 x242 h7c ye1a ff119 fs19 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Assessment &amp; Prioritisation</div>\n<div class=\"t m6 x242 h7e ye1b ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">- Risk likelihood &amp; impact</div>\n<div class=\"t m6 x242 h7e ye1c ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">- Inherent / Residual / Forecasted  Risk</div>\n<div class=\"t m8 x1e6 h7c ye1d ff119 fs19 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Response &amp; Control</div>\n<div class=\"t m6 x1e6 h7e ye1e ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">- Mitigate, avoid, accept or transfer</div>\n<div class=\"t m6 x1e6 h7e ye1f ff11a fs4c fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">- Actions to ensure within risk appetite</div>\n<div class=\"t m8 x7d h7c ye11 ff119 fs19 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">5. DATA, IT &amp; INFRASTRUCTURE</div>\n<div class=\"t m6 x3c h7a ye0b ff118 fs4c fc21 sc0 ls0 ws0\" style=\"z-index: 15;\">Note - Internal Control, Information Security and Data Management are managed as part of the ERM framework.</div>\n<div class=\"t m6 x3c h7a ye0c ff118 fs4c fc21 sc0 ls0 ws0\" style=\"z-index: 15;\">*In addition to 4A &amp; 4B, further risk reports exist and are documented in the Ageas Enterprise Risk Management Framework.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 120px; height: 841px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">The key ele<span class=\"_ _0\"></span>ments of <span class=\"lse2 wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s </span></span><span class=\"wsef\">desired <span class=\"wsfa\">risk (<span class=\"_ _0\"></span>and cor<span class=\"_ _0\"></span>porate<span class=\"_ _0\"></span>) culture <span class=\"_ _2b\"></span>are<span class=\"ls0 ws0\"> </span><span class=\"lse2\">dep<span class=\"_ _2\"></span>icted below.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x2d h80 ye50 ff126 fs50 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">OUR RISK CULTURE VALUES</div>\n<div class=\"t m0 x243 h81 ye52 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">We always act <span class=\"fc19\">ethically</span> and with <span class=\"fc19\">integrity</span></div>\n<div class=\"t m0 x243 h81 ye53 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">We <span class=\"fc19\">share responsibility</span> for maintaining</div>\n<div class=\"t m0 x243 h81 ye54 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">our culture of <span class=\"fc19\">risk awareness at all levels</span></div>\n<div class=\"t m0 x243 h81 ye55 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">We promote an environment of <span class=\"fc19\">open </span></div>\n<div class=\"t m0 x243 h81 ye56 ff127 fs51 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">communication<span class=\"fc14\"> and </span>effective challenge<span class=\"fc14\"> in which </span></div>\n<div class=\"t m0 x243 h81 ye57 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">decision-making processes encourage taking</div>\n<div class=\"t m0 x243 h81 ye58 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">a broad range of views and promote engagement</div>\n<div class=\"t m0 x243 h81 ye59 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">We <span class=\"fc19\">understand</span> both the <span class=\"fc19\">good (upside risk) </span></div>\n<div class=\"t m0 x243 h81 ye5a ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">and the <span class=\"fc19\">harm (downside risk)</span> that can arise <span class=\"fc19\">from</span> </div>\n<div class=\"t m0 x243 h81 ye5b ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">the <span class=\"fc19\">decisions</span> we make</div>\n<div class=\"t m0 x243 h81 ye5c ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">We <span class=\"fc19\">take ownership </span>and<span class=\"fc19\"> individual </span></div>\n<div class=\"t m0 x243 h81 ye5d ff127 fs51 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">accountability<span class=\"fc14\">, making </span>timely decisions<span class=\"fc14\"> </span></div>\n<div class=\"t m0 x243 h81 ye5e ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">and <span class=\"fc19\">openly reporting</span> on the risks we take</div>\n<div class=\"t m0 x243 h81 ye5f ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">We have the <span class=\"fc19\">right people profiles, incentives, </span></div>\n<div class=\"t m0 x243 h81 ye60 ff127 fs51 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">reward<span class=\"fc14\">, and </span>remuneration<span class=\"fc14\"> structure consistent </span></div>\n<div class=\"t m0 x243 h81 ye61 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">with our <span class=\"fc19\">desired risk culture</span></div>\n<div class=\"t m0 x37 h80 ye51 ff126 fs50 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">OUR CORPORATE VALUES</div>\n<div class=\"t m0 x37 h81 ye52 ff128 fs51 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">WE CARE<span class=\"ff127 fc14\"> - showing respect &amp; helping hose </span></div>\n<div class=\"t m0 x37 h81 ye62 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">around us, and staying true to who we are</div>\n<div class=\"t m0 x37 h81 ye63 ff128 fs51 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">WE DARE<span class=\"ff129 fc23\"> <span class=\"ff127 fc14\">- pushing boundaries and </span></span></div>\n<div class=\"t m0 x37 h81 ye64 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">not being afraid to take a chance</div>\n<div class=\"t m0 x37 h81 ye65 ff128 fs51 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">WE DELIVER<span class=\"ff129 fc23\"> <span class=\"ff127 fc14\">- making things happen, </span></span></div>\n<div class=\"t m0 x37 h81 ye66 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">keeping the promisses we make</div>\n<div class=\"t m0 x37 h81 ye67 ff128 fs51 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">WE SHARE<span class=\"ff127 fc14\"> - learning together, inspiring others, </span></div>\n<div class=\"t m0 x37 h81 ye68 ff127 fs51 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">and sharing success with all stakeholders</div>\n<div class=\"t m0 x7 h4f ye20 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">To help pro<span class=\"_ _0\"></span>mote risk aw<span class=\"_ _0\"></span>arenes<span class=\"_ _0\"></span>s and embed <span class=\"lse2 wsf1\">the </span><span class=\"wsfa\">risk c<span class=\"_ _2b\"></span>ulture values ac<span class=\"_ _2b\"></span>ross the organ<span class=\"_ _2b\"></span>isation, regu<span class=\"_ _0\"></span>lar risk t<span class=\"_ _2b\"></span>raining in the f<span class=\"_ _2b\"></span>orm of e<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">learning or<span class=\"_ _2\"></span> classroom</span>-</span></span></div>\n<div class=\"t m0 x7 h4f ye21 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">based ses<span class=\"_ _0\"></span>sions, t<span class=\"_ _0\"></span>akes plac<span class=\"_ _0\"></span>e across the g<span class=\"_ _0\"></span>roup. <span class=\"lse2 wsfa\">There is a mix o<span class=\"_ _2\"></span>f centralised t<span class=\"_ _2\"></span>raining material ca<span class=\"_ _2\"></span>scaded from Corpora<span class=\"_ _2\"></span>te Centre and sub<span class=\"_ _2\"></span>sequently tailored<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f ye22 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">to local ne<span class=\"_ _0\"></span>eds and dece<span class=\"_ _0\"></span>ntralis<span class=\"_ _2b\"></span>ed material that eac<span class=\"_ _0\"></span>h business<span class=\"_ _0\"></span> has devel<span class=\"_ _2b\"></span>oped. Similarly,<span class=\"_ _0\"></span> there is a mix of<span class=\"_ _0\"></span> mandato<span class=\"_ _2b\"></span>ry and volunt<span class=\"lse2 ws103\">ary training.<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">In 2<span class=\"_ _2\"></span>022, risk </span></span></div>\n<div class=\"t m0 x7 h4f ye23 ff11b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">education an<span class=\"_ _2\"></span>d awareness session<span class=\"_ _2\"></span>s included but w<span class=\"_ _2\"></span>ere not limited <span class=\"_ _2\"></span>to; Risk Inciden<span class=\"_ _2\"></span>t Reporting, the<span class=\"_ _2\"></span> Three Lines of D<span class=\"_ _2\"></span>efence model; Anti<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>Fraud training; Co<span class=\"_ _2\"></span>de</div>\n<div class=\"t m0 x7 h4f ye24 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">of Conduct,<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Cy<span class=\"_ _0\"></span>ber Securi<span class=\"_ _0\"></span>ty, GDPR,<span class=\"_ _0\"></span> Inform<span class=\"_ _0\"></span>ation Secu<span class=\"_ _2b\"></span>rity, Internal Co<span class=\"_ _0\"></span>ntrol, B<span class=\"_ _0\"></span>usiness C<span class=\"_ _2b\"></span>ontinuity and Oper<span class=\"_ _0\"></span>ational R<span class=\"_ _0\"></span>isk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ye25 ff11b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ye26 ff11b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h6a ye27 ff11d fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">4.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a ye28 ff11d fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Risk Management Frame<span class=\"_ _0\"></span>work</div>\n<div class=\"t m0 x7 h4f ye29 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas defi<span class=\"_ _2b\"></span>nes risk as the deviat<span class=\"_ _2b\"></span>ion from anticip<span class=\"_ _0\"></span>ated outc<span class=\"_ _0\"></span>omes that<span class=\"_ _0\"></span> may</div>\n<div class=\"t m0 x7 h4f ye2a ff11b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">have an i<span class=\"_ _0\"></span>mpact o<span class=\"_ _0\"></span>n the solv<span class=\"_ _2b\"></span>ency, earni<span class=\"_ _0\"></span>ngs or li<span class=\"_ _0\"></span>quidity of<span class=\"_ _2b\"></span> Ageas, its</div>\n<div class=\"t m0 x7 h4f ye2b ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">business obje<span class=\"_ _2\"></span>ctives or future opportunities<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ye2c ff11b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ye2d ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas has es<span class=\"_ _0\"></span>tablis<span class=\"_ _2b\"></span>hed and implement<span class=\"_ _2b\"></span>ed an Enterprise R<span class=\"_ _0\"></span>isk</div>\n<div class=\"t m0 x7 h4f ye2e ff11b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Management (\u201c<span class=\"_ _2\"></span>ERM\u201d) framework <span class=\"lse0 wsf0\">inspired by <span class=\"lsfd ws116\">COSO</span></span></div>\n<div class=\"t m0 x27 h64 ye2f ff11b fs41 fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">4</div>\n<div class=\"t m0 x1ed h4f ye30 ff11b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse0 wsf0\">ERM and Intern<span class=\"_ _0\"></span>al </span></div>\n<div class=\"t m0 x7 h4f ye31 ff11b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Control f<span class=\"_ _0\"></span>ramewo<span class=\"_ _0\"></span>rks, whic<span class=\"_ _0\"></span>h encompa<span class=\"_ _0\"></span>sses key co<span class=\"_ _2b\"></span>mponents that ac<span class=\"_ _0\"></span>t as a</div>\n<div class=\"t m0 x7 h4f ye32 ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">supporting founda<span class=\"_ _2\"></span>tion of the risk manageme<span class=\"_ _2\"></span>nt system <span class=\"ls0 ws0\">(t<span class=\"ls102 ws129\">his in<span class=\"_ _2\"></span>clude<span class=\"lsf3 ws11c\">s </span></span></span></div>\n<div class=\"t m0 x7 h4f ye33 ff11b fs3a fc1e sc0 lsfa ws114\" style=\"z-index: 15;\">climate<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">relate<span class=\"_ _2b\"></span>d risks).<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f ye34 ff11b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ye35 ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">ERM can be defined as<span class=\"_ _2\"></span> the process of systematical<span class=\"_ _2\"></span>ly and</div>\n<div class=\"t m0 x7 h4f ye36 ff11b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>ely ident<span class=\"_ _2b\"></span>ifying critic<span class=\"_ _0\"></span>al risks<span class=\"_ _0\"></span>, assess<span class=\"_ _2b\"></span>ing their impact<span class=\"_ _2b\"></span> and</div>\n<div class=\"t m0 x7 h4f ye37 ff11b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">implementing<span class=\"_ _2\"></span> integrated strategies<span class=\"_ _2\"></span> to provide re<span class=\"_ _2\"></span>asonable assurance</div>\n<div class=\"t m0 x7 h4f ye38 ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">regarding the ac<span class=\"_ _2\"></span>hievement of the company\u2019s obj<span class=\"_ _2\"></span>ectives. Ageas\u2019s ERM</div>\n<div class=\"t m0 x7 h4f ye39 ff11b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">framew<span class=\"_ _0\"></span>ork (depi<span class=\"_ _0\"></span>cted in t<span class=\"_ _2b\"></span>he diagram abo<span class=\"_ _2b\"></span>ve) sets the f<span class=\"_ _0\"></span>ollowing<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">high<span class=\"ls0 ws0\">-</span></span><span class=\"lsfb\">le<span class=\"_ _2\"></span>vel<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f ye3a ff11b fs3a fc1e sc0 ls102 ws11d\" style=\"z-index: 15;\">objective<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\">: </span></div>\n<div class=\"t m0 x1a h4f ye3b ff11e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff11f\"> <span class=\"_ _46\"> </span><span class=\"ff11b lse0 wsf0\">Defines a <span class=\"ff120 lsfc ws115\">risk<span class=\"_ _2\"></span></span></span><span class=\"ff120\"> <span class=\"lse0 wsef\">appeti<span class=\"_ _2b\"></span>te <span class=\"_ _2\"></span><span class=\"ff11b wsfa\">to e<span class=\"_ _0\"></span>nsure<span class=\"ls0 ws0\"> </span><span class=\"lse2\">that the risk o<span class=\"_ _2\"></span>f insolvency is </span></span></span></span></span></div>\n<div class=\"t m0 x6c h4f ye3c ff11b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">constant<span class=\"_ _2b\"></span>ly managed wit<span class=\"_ _2b\"></span>hin acceptable<span class=\"_ _2b\"></span> levels, and th<span class=\"_ _0\"></span>at the r<span class=\"_ _0\"></span>isk</div>\n<div class=\"t m0 x6c h4f ye3d ff11b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">profile i<span class=\"_ _2b\"></span>s kept within s<span class=\"_ _2b\"></span>et limits<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f ye3e ff11e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff11f\"> <span class=\"_ _46\"> </span><span class=\"ff11b lse2 wsf1\">In<span class=\"_ _2\"></span>fluences <span class=\"ff120 lse0 wsf0\">a strong cult<span class=\"_ _0\"></span>ure <span class=\"lse2 ws103\">of risk<span class=\"ff11b ls0 ws0\"> </span></span><span class=\"wsef\">awareness<span class=\"ff11b ls0 ws0\"> <span class=\"lse2 ws103\">whereby managers </span></span></span></span></span></span></div>\n<div class=\"t m0 x6c h4f ye3f ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">carry out their<span class=\"_ _2\"></span> duty to understand and be aw<span class=\"_ _2\"></span>are of the risks to<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">their </span></span></div>\n<div class=\"t m0 x6c h4f ye40 ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">business, to manag<span class=\"_ _2\"></span>e them adequately, and repor<span class=\"_ _2\"></span>t them</div>\n<div class=\"t m0 x6c h4f ye41 ff11b fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">transparently<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f ye42 ff11e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff11f\"> <span class=\"_ _46\"> </span><span class=\"ff11b lse0 wsef\">Ensures <span class=\"ff120 wsf0\">identifi<span class=\"_ _2b\"></span>cation &amp; validati<span class=\"_ _2b\"></span>on, assessmen<span class=\"_ _0\"></span>t &amp; prioriti<span class=\"_ _2b\"></span>sation, </span></span></span></div>\n<div class=\"t m0 x6c h4f ye43 ff120 fs3a fc1e sc0 lsf3 wsf1\" style=\"z-index: 15;\">recording, monitor<span class=\"_ _0\"></span>ing, and management <span class=\"ff11b lsfb ws127\">of risks<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lsf4\">which affect, or </span></span></span></div>\n<div class=\"t m0 x6c h4f ye44 ff11b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">can affec<span class=\"_ _0\"></span>t, the <span class=\"_ _0\"></span>achievem<span class=\"_ _2b\"></span>ent of strate<span class=\"_ _0\"></span>gic and b<span class=\"_ _0\"></span>usine<span class=\"lse2 ws103\">ss objectives<span class=\"ls0 ws0\">.  </span></span></div>\n<div class=\"t m0 x1a h4f ye45 ff11e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff11f\"> <span class=\"_ _46\"> </span><span class=\"ff11b lse2 ws103\">Su<span class=\"_ _2\"></span>pports the <span class=\"ls102 ws11d\">decision</span></span><span class=\"ff11b\">-<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">making</span> <span class=\"lse2 ws103\">process b<span class=\"_ _2\"></span>y ensuring that <span class=\"ff120 wsf1\">consistent<span class=\"_ _2\"></span>, </span></span></span></span></div>\n<div class=\"t m0 x6c h4f ye46 ff120 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">reliabl<span class=\"_ _2b\"></span>e,<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">and timely<span class=\"ff11b ls0 ws0\"> </span><span class=\"wsfa\">risk inf<span class=\"_ _0\"></span>ormati<span class=\"_ _0\"></span>on<span class=\"ff11b ls0 ws0\"> <span class=\"lse2 wsfa\">is availabl<span class=\"_ _2\"></span>e to decision </span></span></span></span></div>\n<div class=\"t m0 x6c h4f ye47 ff11b fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">makers<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f ye48 ff11e fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff11f\"> <span class=\"_ _46\"> </span><span class=\"ff120 ls105 ws120\">E<span class=\"_ _2\"></span>mbeds <span class=\"lse2 wsfa\">strate<span class=\"_ _2\"></span>gic risk management</span></span><span class=\"ff11b\"> <span class=\"_ _2\"></span><span class=\"lse2 ws103\">into the overall deci<span class=\"_ _2\"></span>sion</span>-</span></span></div>\n<div class=\"t m0 x6c h4f ye49 ff11b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">making process<span class=\"_ _2\"></span><span class=\"ls0 ws0\">.</span></div>\n<div class=\"t m0 x7 h4f ye4a ff11f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"_ _20e\"> </span><span class=\"ff11b\"> </span></div>\n<div class=\"t m0 x2c h4f ye4b ff11b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h5c y74b ff121 fs3f fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">4 <span class=\"_ _1ae\"> </span><span class=\"lsf1 ws107\">Committee of sponsoring organisations of the treadway commission.</span> </div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 118px; height: 988px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff124 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">4<span class=\"ls10b ws12e\">.3</span> </div>\n<div class=\"t m0 x7 h6a y79d ff124 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Risk Management organ<span class=\"_ _0\"></span>isation and governanc<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y79e ff122 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">A strong a<span class=\"_ _2\"></span>nd effective ris<span class=\"_ _2\"></span>k governance framework<span class=\"_ _2\"></span>, underpinned by a<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y79f ff122 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">sound risk<span class=\"_ _0\"></span> culture<span class=\"_ _0\"></span>, is critic<span class=\"_ _0\"></span>al to the over<span class=\"_ _2b\"></span>all effectiven<span class=\"_ _0\"></span>ess of Ageas<span class=\"_ _0\"></span>\u2019s risk</div>\n<div class=\"t m0 x7 h4f y7a0 ff122 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">management arrang<span class=\"_ _2\"></span>ements. The Board is ultimatel<span class=\"_ _2\"></span>y responsible for the</div>\n<div class=\"t m0 x7 h4f y7a1 ff122 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">overall Risk Man<span class=\"_ _2\"></span>agement. It is assisted in<span class=\"_ _2\"></span> the discharge of its duties by<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f ya7f ff122 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">several ke<span class=\"_ _2\"></span>y governance bodies<span class=\"_ _2\"></span> as depicted below<span class=\"_ _2\"></span> and explained fur<span class=\"_ _2\"></span>ther</div>\n<div class=\"t m0 x1a h4f ye4c ff122 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">in this s<span class=\"_ _0\"></span>ection <span class=\"_ _0\"></span>(respons<span class=\"_ _0\"></span>ibilit<span class=\"_ _0\"></span>ies relat<span class=\"_ _2b\"></span>ed to risk ma<span class=\"_ _0\"></span>nagement<span class=\"_ _0\"></span> and int<span class=\"_ _0\"></span>ernal</div>\n<div class=\"t m0 x1a h4f ye4d ff122 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>l are explai<span class=\"_ _0\"></span>ned in this sec<span class=\"_ _2b\"></span>tion <span class=\"ls0 ws0\">\u2013 <span class=\"_ _2\"></span></span><span class=\"wsfa\">pleas<span class=\"_ _2b\"></span>e refer<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">to note \u201cA.<span class=\"ls0 ws0\">6 </span></span></span></div>\n<div class=\"t m0 x1a h4f yda0 ff122 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">Corporate Gover<span class=\"lse0 wsfa\">nance Stateme<span class=\"_ _0\"></span>nt\u201d of t<span class=\"_ _0\"></span>his Ann<span class=\"_ _0\"></span>ual Rep<span class=\"_ _0\"></span>ort for g<span class=\"_ _0\"></span>overna<span class=\"_ _0\"></span>nce </span></div>\n<div class=\"t m0 x1a h4f yda1 ff122 fs3a fc1e sc0 ls106 ws124\" style=\"z-index: 15;\">details <span class=\"lse0 wsf0\">relat<span class=\"_ _2b\"></span>ed to Board level com<span class=\"_ _0\"></span>mittees<span class=\"_ _0\"></span>, Executiv<span class=\"_ _2b\"></span>e Committee, and </span></div>\n<div class=\"t m0 x1a h4f yda2 ff122 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Management C<span class=\"_ _2\"></span>ommittee<span class=\"lse0 wsef\">).<span class=\"ls0 ws0\">  </span></span></div>\n<div class=\"t m0 x247 h85 ye72 ff12b fs54 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">BOARD O<span class=\"_ _2\"></span>F</div>\n<div class=\"t m0 x247 h85 ye73 ff12b fs54 fc19 sc0 ls12c ws151\" style=\"z-index: 15;\">DIRECTORS</div>\n<div class=\"t m0 x247 h86 ye74 ff12c fs54 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">LEV<span class=\"_ _2\"></span>EL 1</div>\n<div class=\"t m0 xf6 h87 ye79 ff12b fs55 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">BOARD OF DIRECTORS</div>\n<div class=\"t m0 x248 h85 ye7a ff12b fs54 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">RISK &amp; CAPITAL COMMITTEE</div>\n<div class=\"t m0 xb5 h85 ye7a ff12b fs54 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">AUDIT COMMITTEE</div>\n<div class=\"t m0 x247 h85 ye70 ff12b fs54 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">GROUP</div>\n<div class=\"t m0 x247 h86 ye71 ff12c fs54 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">LEVEL 2</div>\n<div class=\"t m0 x5 h88 ye7b ff12b fs52 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Executive Committee (CEO, CFO, CRO, MDA &amp; MDE)</div>\n<div class=\"t m0 x249 h88 ye7c ff12b fs52 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Management Committee</div>\n<div class=\"t m0 x87 h84 ye7d ff12b fs53 fc5 sc0 ls12d ws152\" style=\"z-index: 15;\">Agea<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x24a h84 ye7e ff12b fs53 fc5 sc0 ls12e ws153\" style=\"z-index: 15;\">Inv<span class=\"_ _0\"></span>estment</div>\n<div class=\"t m0 x24a h84 ye7f ff12b fs53 fc5 sc0 ls12f ws154\" style=\"z-index: 15;\">Committee</div>\n<div class=\"t m0 x1e0 h84 ye7d ff12b fs53 fc5 sc0 ls12d ws152\" style=\"z-index: 15;\">Agea<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x19 h84 ye7e ff12b fs53 fc5 sc0 ls12e ws153\" style=\"z-index: 15;\">Risk</div>\n<div class=\"t m0 x2a h84 ye7f ff12b fs53 fc5 sc0 ls12f ws154\" style=\"z-index: 15;\">Committee</div>\n<div class=\"t m0 xfd h89 ye8b ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Ageas</div>\n<div class=\"t m0 x1a0 h89 ye8c ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk</div>\n<div class=\"t m0 x250 h89 ye8d ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Forum</div>\n<div class=\"t m0 x24e h89 ye8b ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Model</div>\n<div class=\"t m0 x24f h89 ye8c ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Control</div>\n<div class=\"t m0 x24e h89 ye8d ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Board</div>\n<div class=\"t m8 x2b h89 ye88 ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk specific</div>\n<div class=\"t m8 x24d h89 ye89 ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Technical</div>\n<div class=\"t m8 x119 h89 ye8a ff12c fs56 fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">committees</div>\n<div class=\"t m0 x8e h84 ye80 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Gr<span class=\"_ _2\"></span>oup R<span class=\"_ _2\"></span>isk</div>\n<div class=\"t m0 x222 h84 ye81 ff12b fs53 fc5 sc0 ls130 ws155\" style=\"z-index: 15;\">Func<span class=\"_ _2\"></span>tion</div>\n<div class=\"t m0 x24b h84 ye82 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Gr<span class=\"_ _2\"></span>oup C<span class=\"_ _2\"></span>IS<span class=\"_ _2\"></span>O</div>\n<div class=\"t m0 x9c h84 ye83 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Gr<span class=\"_ _2\"></span>oup Ac<span class=\"_ _2\"></span>tu<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>al</div>\n<div class=\"t m0 x222 h84 ye84 ff12b fs53 fc5 sc0 ls130 ws155\" style=\"z-index: 15;\">Func<span class=\"_ _2\"></span>tion</div>\n<div class=\"t m0 x80 h84 ye85 ff12b fs53 fc5 sc0 ls131 ws156\" style=\"z-index: 15;\">V<span class=\"_ _2b\"></span>alidation</div>\n<div class=\"t m0 x24c h84 ye86 ff12b fs53 fc5 sc0 ls132 ws157\" style=\"z-index: 15;\">Group</div>\n<div class=\"t m0 x246 h84 ye87 ff12b fs53 fc5 sc0 ls133 ws158\" style=\"z-index: 15;\">DPO</div>\n<div class=\"t m0 x23f h84 ye86 ff12b fs53 fc5 sc0 ls132 ws157\" style=\"z-index: 15;\">Group</div>\n<div class=\"t m0 xec h84 ye87 ff12b fs53 fc5 sc0 ls134 ws159\" style=\"z-index: 15;\">Compliance</div>\n<div class=\"t m0 xc8 h84 ye86 ff12b fs53 fc5 sc0 ls132 ws157\" style=\"z-index: 15;\">Group</div>\n<div class=\"t m0 xc9 h84 ye87 ff12b fs53 fc5 sc0 ls12e ws153\" style=\"z-index: 15;\">Audit</div>\n<div class=\"t m0 x247 h85 ye6d ff12b fs54 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">REGIONAL</div>\n<div class=\"t m0 x247 h85 ye6e ff12b fs54 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">&amp; OPCO</div>\n<div class=\"t m0 x247 h86 ye6f ff12c fs54 fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">LEVEL 3</div>\n<div class=\"t m0 x28 h84 ye8e ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Business</div>\n<div class=\"t m0 x29 h84 ye8f ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Management</div>\n<div class=\"t m0 x10c h8a ye92 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Audit, Risk and <span class=\"_ _0\"></span>Asset-Liability</div>\n<div class=\"t m0 x253 h8a ye93 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Management Committees</div>\n<div class=\"t m0 xbc h8a ye94 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Management Network</div>\n<div class=\"t m0 x25 h8a ye95 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">(incl. Regional Risk Coordinators,</div>\n<div class=\"t m0 x40 h8a ye96 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Local Operating Company</div>\n<div class=\"t m0 x254 h8a ye97 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Officers &amp; CISOs*)</div>\n<div class=\"t m0 xee h8a ye98 ff12b fs56 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Local Actuarial Function</div>\n<div class=\"t m0 x1ef h84 ye6b ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Local</div>\n<div class=\"t m0 x246 h84 ye6c ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">DPO</div>\n<div class=\"t m0 xab h84 ye75 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Local</div>\n<div class=\"t m0 xec h84 ye76 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Compliance</div>\n<div class=\"t m0 xc9 h84 ye77 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Local</div>\n<div class=\"t m0 xc9 h84 ye78 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Audit</div>\n<div class=\"t m0 x13b h84 ye90 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Level 1</div>\n<div class=\"t m0 x251 h84 ye91 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk Taking</div>\n<div class=\"t m0 x252 h84 ye90 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Level 2</div>\n<div class=\"t m0 x6a h84 ye91 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Risk / Compliance Control</div>\n<div class=\"t m0 xc8 h84 ye90 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Level 3</div>\n<div class=\"t m0 xd5 h84 ye91 ff12b fs53 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Assurance</div>\n<div class=\"t ma xdb h8b ye99 ff12a fs56 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">*  Local CISOs have a functional reporting line to local risk management</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 424px; height: 682px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The follo<span class=\"_ _0\"></span>wing bod<span class=\"_ _0\"></span>ies provi<span class=\"_ _0\"></span>de advic<span class=\"_ _0\"></span>e <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsfa\">ultimately to t<span class=\"_ _2b\"></span>he Executive </span></div>\n<div class=\"t m0 x7 h4f y803 ff12d fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">Committee<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">an<span class=\"_ _0\"></span>d/or the Boar<span class=\"_ _2b\"></span>d, unless they have b<span class=\"_ _0\"></span>een explic<span class=\"_ _0\"></span>itly mand<span class=\"_ _0\"></span>ated </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">by Exec<span class=\"_ _0\"></span>utive C<span class=\"_ _0\"></span>ommitte<span class=\"_ _0\"></span>e and/or <span class=\"_ _0\"></span>Board t<span class=\"_ _0\"></span>o take dec<span class=\"_ _0\"></span>isions<span class=\"_ _2b\"></span> on specific</div>\n<div class=\"t m0 x7 h4f y805 ff12d fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">tasks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd16 ff12d fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas Inv<span class=\"_ _0\"></span>estment C<span class=\"_ _0\"></span>ommitt<span class=\"_ _0\"></span>ee<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7b ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas Inv<span class=\"_ _2b\"></span>estment Comm<span class=\"_ _0\"></span>ittee (<span class=\"_ _0\"></span>AGICO) a<span class=\"_ _0\"></span>dvises t<span class=\"_ _0\"></span>he Exec<span class=\"_ _0\"></span>utive</div>\n<div class=\"t m0 x7 h4f yd17 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Committ<span class=\"_ _2b\"></span>ee and monitors ov<span class=\"_ _0\"></span>erall asset<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>e<span class=\"lse2 wsf1\">xposures<span class=\"lsf4 ws10c\">. <span class=\"lse1 ws11d\">It advises </span></span></span></div>\n<div class=\"t m0 x7 h4f yd18 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">management on<span class=\"_ _2\"></span> decisions rega<span class=\"_ _2\"></span>rding investments. <span class=\"_ _2\"></span>Its role also in<span class=\"_ _2\"></span>cludes</div>\n<div class=\"t m0 x7 h4f yd19 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">making r<span class=\"_ _2b\"></span>ecommendation<span class=\"_ _0\"></span>s relat<span class=\"_ _0\"></span>ing to t<span class=\"_ _0\"></span>he Strat<span class=\"_ _0\"></span>egic Ass<span class=\"_ _0\"></span>et Alloc<span class=\"_ _2b\"></span>ation and</div>\n<div class=\"t m0 x7 h4f y8cd ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Asset &amp; <span class=\"_ _0\"></span>Liabilit<span class=\"_ _2b\"></span>y management a<span class=\"_ _0\"></span>nd aims t<span class=\"_ _2b\"></span>o optimise the <span class=\"_ _0\"></span>overall</div>\n<div class=\"t m0 x7 h4f y8ce ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment stra<span class=\"_ _2\"></span>tegy<span class=\"ls0 ws0\"> </span>in accordance<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">wit<span class=\"_ _0\"></span>h the risk<span class=\"_ _0\"></span> framew<span class=\"_ _2b\"></span>ork and withi<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x7 h4f y882 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">agreed lim<span class=\"_ _2\"></span>its. <span class=\"wsf1\">Group <span class=\"lse0 wsf0\">Risk partic<span class=\"_ _0\"></span>ipates to <span class=\"lse2 wsfa\">ensure risk mitigat<span class=\"ls102 ws11d\">ing<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></span><span class=\"lse1\">actions </span></span></span></div>\n<div class=\"t m0 x7 h4f y883 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are tak<span class=\"_ _0\"></span>en when n<span class=\"_ _0\"></span>ecessa<span class=\"_ _0\"></span>ry. This<span class=\"_ _0\"></span> committ<span class=\"_ _2b\"></span>ee is split int<span class=\"_ _0\"></span>o an Asi<span class=\"_ _0\"></span>an part a<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x7 h4f y884 ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">a European part<span class=\"_ _2\"></span> to ensure relevant regional focu<span class=\"_ _2\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc84 ff12d fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas Risk Committee<span class=\"_ _2\"></span> (A<span class=\"lsfa ws114\">RC)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc85 ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas Risk Committee<span class=\"_ _2\"></span> (ARC)<span class=\"ls0 ws0\"> </span>advises the Exec<span class=\"_ _2\"></span>utive Committee on all</div>\n<div class=\"t m0 x7 h4f y887 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">risk re<span class=\"_ _0\"></span>lated top<span class=\"_ _2b\"></span>ics ensuring t<span class=\"_ _0\"></span>hat all r<span class=\"_ _0\"></span>isks th<span class=\"_ _0\"></span>at affect<span class=\"_ _0\"></span> the achi<span class=\"_ _2b\"></span>evement of</div>\n<div class=\"t m0 x7 h4f y888 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">strategic, o<span class=\"_ _2\"></span>perational and fina<span class=\"_ _2\"></span>ncial objectives <span class=\"_ _2\"></span>are promptly identif<span class=\"_ _2\"></span>ied,</div>\n<div class=\"t m0 x7 h4f y889 ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">measured, manage<span class=\"_ _2\"></span>d, reported and monito<span class=\"wsfa\">red (<span class=\"_ _2\"></span>through adequate ri<span class=\"_ _2\"></span>sk </span></div>\n<div class=\"t m0 x7 h4f y88a ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">appetite l<span class=\"_ _2\"></span>imits) and that ade<span class=\"_ _2\"></span>quate risk managem<span class=\"_ _2\"></span>ent governance and</div>\n<div class=\"t m0 x7 h4f y88b ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">organis<span class=\"_ _0\"></span>ations <span class=\"_ _0\"></span>are in pl<span class=\"_ _0\"></span>ace and f<span class=\"_ _2b\"></span>ollowed (as st<span class=\"_ _0\"></span>ipulate<span class=\"_ _0\"></span>d in the c<span class=\"_ _0\"></span>ontext <span class=\"_ _0\"></span>of</div>\n<div class=\"t m0 x7 h4f y88c ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the ERM <span class=\"_ _0\"></span>Framew<span class=\"_ _0\"></span>ork). T<span class=\"_ _0\"></span>he <span class=\"wsf0\">Group,<span class=\"_ _0\"></span> regional a<span class=\"_ _2b\"></span>nd local <span class=\"lse1 ws11d\">Chief Risk Officers </span></span></div>\n<div class=\"t m0 x7 h4f y88d ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and Chief <span class=\"_ _2\"></span>Financial <span class=\"ws103\">Officers<span class=\"_ _2\"></span> from the regions are members<span class=\"_ _2\"></span> of the ARC, </span></div>\n<div class=\"t m0 x7 h4f y88e ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">which ensures th<span class=\"_ _2\"></span>at decisions or recommenda<span class=\"_ _2\"></span>tions made by the ARC</div>\n<div class=\"t m0 x7 h4f y88f ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">take int<span class=\"_ _2b\"></span>o account the vi<span class=\"_ _0\"></span>ews and <span class=\"_ _0\"></span>expertis<span class=\"_ _2b\"></span>e of the operat<span class=\"_ _2b\"></span>ions. The most</div>\n<div class=\"t m0 x7 h4f y890 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">significant<span class=\"_ _2\"></span> risk issues and<span class=\"_ _2\"></span> methodologies are<span class=\"_ _2\"></span> also reviewed and<span class=\"_ _2\"></span> decided</div>\n<div class=\"t m0 x7 h4f y891 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">upon by the Ex<span class=\"_ _0\"></span>ecutiv<span class=\"_ _0\"></span>e Committ<span class=\"_ _0\"></span>ee and by the Bo<span class=\"_ _0\"></span>ard. The AR<span class=\"_ _0\"></span>C is itself</div>\n<div class=\"t m0 x7 h4f y892 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">advised <span class=\"_ _2b\"></span>by the Ageas Ris<span class=\"_ _0\"></span>k Foru<span class=\"_ _0\"></span>m on topi<span class=\"_ _0\"></span>cs relat<span class=\"_ _2b\"></span>ed to th<span class=\"lsfb ws127\">e risk </span></div>\n<div class=\"t m0 x7 h4f y893 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">management <span class=\"_ _2\"></span>framework and by <span class=\"_ _2\"></span>the Ageas Model Cont<span class=\"_ _2\"></span>rol Board that</div>\n<div class=\"t m0 x7 h4f y894 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">makes su<span class=\"_ _0\"></span>re the m<span class=\"_ _2b\"></span>odels used ar<span class=\"_ _0\"></span>e approp<span class=\"_ _0\"></span>riate a<span class=\"_ _0\"></span>nd suit<span class=\"_ _0\"></span>ed to the t<span class=\"_ _0\"></span>a<span class=\"lse1 ws104\">sk they </span></div>\n<div class=\"t m0 x7 h4f y895 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are used for.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9af ff12d fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas Risk <span class=\"_ _2\"></span>Forum (ARF)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9b0 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas Risk <span class=\"_ _2\"></span>Forum (ARF<span class=\"lse0\">) advises<span class=\"_ _0\"></span> the Age<span class=\"_ _0\"></span>as Risk C<span class=\"_ _2b\"></span>ommittee on t<span class=\"_ _0\"></span>opics </span></div>\n<div class=\"t m0 x7 h4f y9b1 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related t<span class=\"_ _0\"></span>o the enterpr<span class=\"_ _2b\"></span>ise risk<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">management<span class=\"_ _2\"></span> framework. <span class=\"wsfa\">Group, r<span class=\"wsf1\">egiona<span class=\"_ _2\"></span>l </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y9b2 ff12d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"lse2 wsf1\">local </span><span class=\"wsf0\">Risk Officers<span class=\"_ _0\"></span> are membe<span class=\"_ _0\"></span>rs of the ARF, e<span class=\"_ _0\"></span>nsuring k<span class=\"_ _0\"></span>nowle<span class=\"_ _0\"></span>dge </span></div>\n<div class=\"t m0 x7 h4f y9b3 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and best <span class=\"wsfa\">pr<span class=\"_ _0\"></span>actice s<span class=\"_ _0\"></span>haring t<span class=\"_ _2b\"></span>o further devel<span class=\"_ _2b\"></span>op and contin<span class=\"_ _0\"></span>uously i<span class=\"_ _0\"></span>mprove </span></div>\n<div class=\"t m0 x7 h4f y9b4 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the Group\u2019<span class=\"_ _2\"></span>s ERM framework. The<span class=\"_ _2\"></span> ARF itself is<span class=\"_ _2\"></span> advised by Risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf1\">Specific </span></div>\n<div class=\"t m0 x7 h4f y9b5 ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Technical Commi<span class=\"_ _2\"></span>ttees where appropriate.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8c ff12d fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas Model <span class=\"_ _2\"></span>Control Board (<span class=\"_ _2\"></span>MCB)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc8d ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas Mod<span class=\"_ _0\"></span>el Contr<span class=\"_ _0\"></span>ol Board (MC<span class=\"_ _2b\"></span>B) <span class=\"lse2 wsf1\">adv<span class=\"_ _2\"></span>ises<span class=\"ls0 ws0\"> </span></span>(and escal<span class=\"_ _2b\"></span>ates when</div>\n<div class=\"t m0 x7 h4f yc8e ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">appropri<span class=\"_ _2b\"></span>ate to) the Age<span class=\"_ _2b\"></span>as Risk Commi<span class=\"_ _0\"></span>ttee on t<span class=\"_ _2b\"></span>opics related t<span class=\"_ _0\"></span>o the</div>\n<div class=\"t m0 x7 h4f yc8f ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">models and methodolo<span class=\"_ _2\"></span>gy. The MCB is composed of Grou<span class=\"_ _2\"></span>p Risk Model</div>\n<div class=\"t m0 x7 h4f yc90 ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Managers<span class=\"ws103\">, regio<span class=\"_ _2\"></span>nal and local <span class=\"lse0 wsf0\">represe<span class=\"_ _2b\"></span>ntatives, allow<span class=\"_ _0\"></span>ing for the pr<span class=\"_ _0\"></span>oper </span></span></div>\n<div class=\"t m0 x1a h4f yd4c ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interac<span class=\"_ _0\"></span>tions w<span class=\"_ _0\"></span>ith the l<span class=\"_ _0\"></span>ocal Mo<span class=\"_ _0\"></span>del Cont<span class=\"_ _0\"></span>rol Boa<span class=\"_ _0\"></span>rds. Th<span class=\"_ _0\"></span>e MCB ens<span class=\"_ _0\"></span>ures that<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ye9a ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the models used<span class=\"_ _2\"></span> are appropriate and <span class=\"wsfa\">fit for<span class=\"_ _2\"></span> purpose<span class=\"lsf4 ws10c\">. <span class=\"lse1 ws104\">The MCB is itself </span></span></span></div>\n<div class=\"t m0 x1a h4f ye9b ff12d fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">advised by Risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">Specific<span class=\"_ _2\"></span> Technical Committees where ap<span class=\"_ _2\"></span>propriate.</span> <span class=\"ls107 ws122\">A </span></span></div>\n<div class=\"t m0 x1a h4f ye9c ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">dedicated M<span class=\"_ _2\"></span>odel Control Board<span class=\"_ _2\"></span> is organised for<span class=\"_ _2\"></span> model<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">related to<span class=\"_ _2b\"></span>pics </span></span></div>\n<div class=\"t m0 x1a h4f ye9d ff12d fs3a fc14 sc0 lse1 ws104\" style=\"z-index: 15;\">specific to <span class=\"ls0 ws0\">A<span class=\"lse0 wsef\">ge<span class=\"wsf0\">as SA/N<span class=\"_ _0\"></span>V, focuss<span class=\"_ _0\"></span>ing on holdi<span class=\"_ _2b\"></span>ng specific activ<span class=\"_ _0\"></span>ities and </span></span></span></div>\n<div class=\"t m0 x1a h4f yd2e ff12d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ance.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd4d ff12d fs3a fc1f sc0 lse1 wsf0\" style=\"z-index: 15;\">Risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">specifi<span class=\"_ _2\"></span>c technical committees</span> </span></div>\n<div class=\"t m0 x1a h4f yd4e ff12d fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">Risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">specifi<span class=\"_ _2\"></span>c technical committees,</span> </span><span class=\"lse0\">such as the Ageas Fi<span class=\"_ _0\"></span>nancial Ris<span class=\"_ _2b\"></span>k </span></div>\n<div class=\"t m0 x1a h4f yd4f ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Technic<span class=\"_ _0\"></span>al Commit<span class=\"_ _0\"></span>tee, Ag<span class=\"_ _0\"></span>eas Life Tec<span class=\"_ _0\"></span>hnical Com<span class=\"_ _2b\"></span>mittee, Ageas N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">life<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yd50 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Technical <span class=\"_ _2\"></span>Committee and Ageas Op<span class=\"_ _2\"></span>erational Risk T<span class=\"_ _2\"></span>echnical Committee</div>\n<div class=\"t m0 x1a h4f yd51 ff12d fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">act <span class=\"lse0 wsf0\">as technical ex<span class=\"_ _2b\"></span>pert bodies. They as<span class=\"_ _0\"></span>sure cons<span class=\"_ _2b\"></span>istency of meth<span class=\"_ _0\"></span>odology </span></div>\n<div class=\"t m0 x1a h4f yd52 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and modelli<span class=\"_ _2\"></span>ng approaches acros<span class=\"_ _2\"></span>s Ageas\u2019s local ope<span class=\"_ _2\"></span>rating companies.</div>\n<div class=\"t m0 x1a h4f yd35 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">They fac<span class=\"_ _2b\"></span>ilitate the col<span class=\"_ _0\"></span>lectio<span class=\"_ _0\"></span>n of busi<span class=\"_ _2b\"></span>ness requirem<span class=\"_ _0\"></span>ents and a<span class=\"_ _2b\"></span>lign Ageas</div>\n<div class=\"t m0 x1a h4f yd36 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Group plat<span class=\"_ _0\"></span>forms su<span class=\"_ _2b\"></span>pporting the relev<span class=\"_ _2b\"></span>ant risk asses<span class=\"lse1 ws11d\">sments with business </span></div>\n<div class=\"t m0 x1a h4f yd37 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">requirements<span class=\"_ _2\"></span> and overall regul<span class=\"_ _2\"></span>atory requirements.<span class=\"_ _2\"></span> They act as adv<span class=\"_ _2\"></span>isory</div>\n<div class=\"t m0 x1a h4f yd38 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">bodies to<span class=\"_ _2\"></span> the ARF and MCB.<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ye9e ff12d fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Group Risk<span class=\"_ _0\"></span> Functi<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ye9f ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Group <span class=\"_ _2\"></span>Risk Function <span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> </span>headed by th<span class=\"_ _2\"></span>e Group <span class=\"lse0 wsef\">Chief <span class=\"lse1 ws104\">Risk Officer<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd53 ff12d fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">(CRO)<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span>- <span class=\"lse2 wsfa\">is respon<span class=\"_ _2\"></span>sible for monitoring<span class=\"_ _2\"></span> and reporting</span> <span class=\"_ _2\"></span><span class=\"lse2 ws103\">on the overall risk </span></span></div>\n<div class=\"t m0 x1a h4f yd54 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">profile <span class=\"_ _0\"></span>of the G<span class=\"_ _0\"></span>roup inc<span class=\"_ _0\"></span>luding t<span class=\"_ _0\"></span>he aggre<span class=\"_ _2b\"></span>gate risk prof<span class=\"_ _0\"></span>ile of t<span class=\"_ _0\"></span>he insur<span class=\"_ _0\"></span>ance</div>\n<div class=\"t m0 x1a h4f yd55 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">companies. <span class=\"_ _2\"></span>It develops, propose<span class=\"_ _2\"></span>s and implements<span class=\"_ _2\"></span> the ERM framework</div>\n<div class=\"t m0 x1a h4f yd56 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">that it do<span class=\"_ _2\"></span>cuments through re<span class=\"_ _2\"></span>gularly updated ERM <span class=\"_ _2\"></span>policies. It ensure<span class=\"_ _2\"></span>s the</div>\n<div class=\"t m0 x1a h4f yd57 ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">appropriatenes<span class=\"_ _2\"></span>s of th<span class=\"lse0 wsf0\">e overall mo<span class=\"_ _2b\"></span>del governance tak<span class=\"_ _2b\"></span>ing into account </span></div>\n<div class=\"t m0 x1a h4f yd58 ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">remarks made by Agea<span class=\"_ _2\"></span>s\u2019<span class=\"ls0 ws0\">s </span>independen<span class=\"_ _2\"></span>t Model Validation team.<span class=\"_ _2\"></span> It also</div>\n<div class=\"t m0 x1a h4f yd59 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coordin<span class=\"_ _0\"></span>ates maj<span class=\"_ _0\"></span>or risk relat<span class=\"_ _0\"></span>ed project<span class=\"_ _2b\"></span>s.<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">Gro<span class=\"_ _2\"></span>up Risk </span>(<span class=\"lse2 wsf1\">als<span class=\"_ _2\"></span>o </span></span><span class=\"wsef\">being <span class=\"lse2 ws103\">part of </span></span></div>\n<div class=\"t m0 x1a h4f yd5a ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"wsfa\">Sus<span class=\"_ _2\"></span>tainability N<span class=\"lse0 wsef\">etwork<span class=\"wsfa\">) f<span class=\"_ _2b\"></span>ollows<span class=\"ls0 ws0\"> </span>the topic <span class=\"_ _0\"></span>of sust<span class=\"_ _0\"></span>ainabilit<span class=\"_ _2b\"></span>y, <span class=\"lse2 wsf1\">and </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yd5b ff12d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">m<span class=\"lse2 wsf1\">onitors<span class=\"_ _2\"></span></span> <span class=\"lse0 wsef\">devel<span class=\"_ _2b\"></span>opments <span class=\"ls0 ws0\">- <span class=\"lse2 wsfa\">s<span class=\"_ _2\"></span>uch as European Commi<span class=\"_ _2\"></span>ssion action plans<span class=\"_ _2\"></span>, </span></span></span></div>\n<div class=\"t m0 x1a h4f yd5c ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EIOPA (E<span class=\"_ _0\"></span>uropean I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e and Occupat<span class=\"_ _2b\"></span>ional Pensions<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Auth<span class=\"_ _0\"></span>ority)</div>\n<div class=\"t m0 x1a h4f yd5d ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">opinio<span class=\"_ _0\"></span>ns, Regul<span class=\"_ _0\"></span>atory stat<span class=\"_ _2b\"></span>ements and chang<span class=\"_ _0\"></span>es in regul<span class=\"_ _0\"></span>ation <span class=\"ls0 ws0\">- </span><span class=\"wsef\">and </span></div>\n<div class=\"t m0 x1a h4f yd5e ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">prepares ap<span class=\"_ _2\"></span>propriate <span class=\"lse0 wsef\">actions<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f yd5f ff12d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8c1 ff12d fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">Inf<span class=\"lse0 wsfa\">ormati<span class=\"_ _0\"></span>on Securit<span class=\"_ _2b\"></span>y is part of the<span class=\"_ _0\"></span> ERM fr<span class=\"_ _0\"></span>amework<span class=\"ls0 ws0\"> \u2013 </span>the Ex<span class=\"_ _0\"></span>ecutive </span></div>\n<div class=\"t m0 x1a h4f y8c2 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Committ<span class=\"_ _2b\"></span>ee (ExCo) is ultimat<span class=\"_ _2b\"></span>ely accountable f<span class=\"_ _0\"></span>or the info<span class=\"_ _0\"></span>rmation s<span class=\"_ _0\"></span>ecurity<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y8c3 ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">policy <span class=\"_ _0\"></span>and the d<span class=\"_ _0\"></span>esign, i<span class=\"_ _2b\"></span>mplementation<span class=\"_ _2b\"></span> and correct op<span class=\"_ _0\"></span>eration <span class=\"_ _2b\"></span>of the</div>\n<div class=\"t m0 x1a h4f y8c4 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related c<span class=\"_ _0\"></span>ontrols.<span class=\"_ _0\"></span> The ExCo ass<span class=\"_ _2b\"></span>igns day<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-<span class=\"lse2 ws103\">day<span class=\"_ _2\"></span> responsibility for these </span></span></div>\n<div class=\"t m0 x1a h4f y8c5 ff12d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">arrangements<span class=\"_ _2\"></span> to<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">the Gro<span class=\"_ _2b\"></span>up Chief Informat<span class=\"_ _0\"></span>ion Secu<span class=\"_ _0\"></span>rity Office<span class=\"_ _0\"></span>r (CISO)<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd48 ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">who<span class=\"ls0 ws0\"> </span><span class=\"ws103\">report<span class=\"_ _2\"></span>s to Senior Management within<span class=\"_ _2\"></span> the Group Risk organisation<span class=\"_ _2\"></span>. </span></div>\n<div class=\"t m0 x1a h4f yca8 ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ws103\">Group<span class=\"_ _2\"></span> (and local) <span class=\"lsfc ws115\">CISO</span>s de<span class=\"_ _2\"></span>velop and maintain<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">the informatio<span class=\"_ _0\"></span>n </span></span></span></div>\n<div class=\"t m0 x1a h4f yca9 ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">security<span class=\"_ _0\"></span> strate<span class=\"_ _0\"></span>gy and policy<span class=\"_ _0\"></span> that supp<span class=\"_ _0\"></span>orts infor<span class=\"_ _2b\"></span>mation security<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f ycaa ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">gover<span class=\"wsfa\">nance <span class=\"_ _2\"></span>framework, and coordin<span class=\"_ _2\"></span>ate<span class=\"ls0 ws0\"> </span><span class=\"lse0\">inform<span class=\"_ _0\"></span>ation sec<span class=\"_ _2b\"></span>urity across t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f ycab ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">organisation<span class=\"_ _2\"></span>. <span class=\"lse0 wsfa\">Grou<span class=\"_ _0\"></span>p (and loc<span class=\"_ _2b\"></span>al) <span class=\"wsf0\">CISOs overs<span class=\"_ _0\"></span>ee informat<span class=\"_ _2b\"></span>ion security </span></span></div>\n<div class=\"t m0 x1a h4f ycac ff12d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">program<span class=\"_ _0\"></span>mes and rel<span class=\"_ _0\"></span>ated init<span class=\"_ _0\"></span>iatives<span class=\"lse2 wsfa\">, and<span class=\"ls0 ws0\"> </span></span>at leas<span class=\"_ _0\"></span>t twice per ye<span class=\"_ _0\"></span>ar <span class=\"lse2 wsfa\">report on </span></div>\n<div class=\"t m0 x1a h4f ycad ff12d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">informat<span class=\"_ _2b\"></span>ion security r<span class=\"_ _2b\"></span>elated risks a<span class=\"_ _0\"></span>nd leve<span class=\"_ _0\"></span>l of mat<span class=\"_ _0\"></span>urity to <span class=\"_ _0\"></span>appropri<span class=\"_ _2b\"></span>ate</div>\n<div class=\"t m0 x1a h4f ycae ff12d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Steering <span class=\"_ _2\"></span>/ Risk Committees, Ex<span class=\"_ _2\"></span>ecutive Management a<span class=\"_ _2\"></span>nd Board of</div>\n<div class=\"t m0 x1a h4f ycaf ff12d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Directors<span class=\"ls0 ws0\">.</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 361px; height: 745px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff130 fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Group D<span class=\"_ _0\"></span>ata Prot<span class=\"_ _0\"></span>ection F<span class=\"_ _2b\"></span>unction<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Data Pr<span class=\"_ _0\"></span>otectio<span class=\"_ _0\"></span>n Officer (D<span class=\"_ _2b\"></span>PO) is an ind<span class=\"lse2 ws103\">ependent func<span class=\"_ _2\"></span>tion that<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">provides adequa<span class=\"_ _2\"></span>te support to <span class=\"wsf1\">the managem<span class=\"_ _2\"></span>ent <span class=\"lsfc ws115\">team<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">with<span class=\"_ _0\"></span> regard t<span class=\"_ _0\"></span>o their </span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> for ensuri<span class=\"_ _2b\"></span>ng compliance wit<span class=\"_ _0\"></span>h GDPR. The DP<span class=\"_ _2b\"></span>O<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">monitors </span></div>\n<div class=\"t m0 x7 h4f y806 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compliance with<span class=\"_ _2\"></span> GDPR and any relevant data pro<span class=\"_ _2\"></span>tection laws and</div>\n<div class=\"t m0 x7 h4f y807 ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">regulations<span class=\"_ _2\"></span> (including Ageas<span class=\"lse1 wsf0\">'s<span class=\"ls0 ws0\"> <span class=\"ls106 ws124\">in</span></span></span><span class=\"ws103\">ter<span class=\"_ _2\"></span>nal policies)<span class=\"ls0 ws0\"> </span></span>through<span class=\"_ _2\"></span> appropriate</div>\n<div class=\"t m0 x7 h4f y808 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">manage<span class=\"_ _0\"></span>ment struc<span class=\"_ _0\"></span>tures an<span class=\"_ _0\"></span>d controls,<span class=\"_ _2b\"></span> and performs anal<span class=\"_ _2b\"></span>ysis of security,</div>\n<div class=\"t m0 x7 h4f y809 ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">privacy and<span class=\"_ _2\"></span> data protection <span class=\"_ _2\"></span>risks; The results<span class=\"_ _2\"></span> of these analyses<span class=\"_ _2\"></span> are</div>\n<div class=\"t m0 x7 h4f y80a ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reporte<span class=\"_ _0\"></span>d to the Boar<span class=\"_ _0\"></span>d of Directo<span class=\"_ _2b\"></span>rs on at least a yearly ba<span class=\"_ _0\"></span>sis. <span class=\"lse2 ws103\">The DPO </span></div>\n<div class=\"t m0 x7 h4f y80b ff130 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"lse0 wsef\">scalate<span class=\"wsf0\">s iss<span class=\"_ _2b\"></span>ues to the local Data P<span class=\"_ _0\"></span>rotect<span class=\"_ _0\"></span>ion Autho<span class=\"_ _0\"></span>rity (DP<span class=\"_ _0\"></span>A) <span class=\"ls106 ws10c\">when it is </span></span></span></div>\n<div class=\"t m0 x7 h4f y80c ff130 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">clear t<span class=\"_ _0\"></span>hat the ent<span class=\"_ _2b\"></span>ity <span class=\"ls102 ws11d\">will<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span>start<span class=\"_ _0\"></span> process<span class=\"_ _2b\"></span>ing persona<span class=\"_ _0\"></span>l data th<span class=\"_ _2b\"></span>at could cause</div>\n<div class=\"t m0 x7 h4f y80d ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">damage a<span class=\"_ _0\"></span>nd/or dist<span class=\"_ _0\"></span>ress to the d<span class=\"_ _0\"></span>ata subjects<span class=\"_ _0\"></span>. The DP<span class=\"_ _0\"></span>O also organi<span class=\"_ _0\"></span>ses</div>\n<div class=\"t m0 x7 h4f y80e ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">educat<span class=\"_ _0\"></span>ional prog<span class=\"_ _2b\"></span>rammes to staff mak<span class=\"_ _0\"></span>ing sure t<span class=\"_ _0\"></span>hat<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">accountabilit<span class=\"_ _2\"></span>ies and </span></span></div>\n<div class=\"t m0 x7 h4f y80f ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">respons<span class=\"_ _2b\"></span>ibilities within t<span class=\"_ _0\"></span>he entity ar<span class=\"_ _2b\"></span>e understood.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y885 ff130 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Group Actuari<span class=\"_ _2\"></span>al Function<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y886 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An independent fun<span class=\"_ _2\"></span>ction directly reporting to<span class=\"_ _2\"></span> the CRO <span class=\"lsfc ws115\">to<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">facilitat<span class=\"_ _0\"></span>e the </span></span></span></div>\n<div class=\"t m0 x7 h4f y8cf ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">collabo<span class=\"_ _0\"></span>ration w<span class=\"_ _0\"></span>ith the Risk Ma<span class=\"_ _0\"></span>nagem<span class=\"_ _0\"></span>ent System<span class=\"_ _0\"></span>. The main ro<span class=\"_ _2b\"></span>le of the</div>\n<div class=\"t m0 x7 h4f y8d0 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Actuarial func<span class=\"_ _2\"></span>tion<span class=\"ls0 ws0\"> </span>is to issue Actuar<span class=\"_ _2\"></span>ial Opinions on three key subje<span class=\"_ _2\"></span>cts</div>\n<div class=\"t m0 x7 h4f y8d1 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(Technic<span class=\"_ _2b\"></span>al Provisions, U<span class=\"_ _0\"></span>nderwri<span class=\"_ _0\"></span>ting and R<span class=\"_ _0\"></span>einsura<span class=\"_ _0\"></span>nce), and a<span class=\"_ _0\"></span>ddition<span class=\"_ _0\"></span>ally,</div>\n<div class=\"t m0 x7 h4f y8d2 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">coordin<span class=\"_ _0\"></span>ates the c<span class=\"_ _0\"></span>alculatio<span class=\"_ _2b\"></span>n of <span class=\"_ _2\"></span>tec<span class=\"_ _2b\"></span>hnical provisi<span class=\"_ _0\"></span>ons and ass<span class=\"_ _0\"></span>ures a level of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y8d3 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consistency throu<span class=\"_ _2\"></span>ghout the Group.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y88c ff130 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Group Compliance F<span class=\"_ _2\"></span>unc<span class=\"lsfc ws115\">tion<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88d ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An independent con<span class=\"_ _2\"></span>trol function within Ageas<span class=\"_ _2\"></span> that aims to provide</div>\n<div class=\"t m0 x7 h4f y88e ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reasonable a<span class=\"_ _2\"></span>ssurance that the company and its<span class=\"_ _2\"></span> employees comply with</div>\n<div class=\"t m0 x7 h4f y88f ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">laws, regu<span class=\"_ _2\"></span>lations, internal ru<span class=\"_ _2\"></span>les and ethical <span class=\"_ _2\"></span>standards. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9a9 ff130 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Group Internal<span class=\"_ _2\"></span> Audit Function<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9aa ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The internal aud<span class=\"_ _2\"></span>it function c<span class=\"lse0 wsfa\">ontribut<span class=\"_ _2b\"></span>es to the achiev<span class=\"_ _0\"></span>ement of<span class=\"_ _0\"></span> <span class=\"lse2 wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s </span></span></span></div>\n<div class=\"t m0 x7 h4f y9ab ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">objectives by pro<span class=\"_ _2\"></span>viding professional and<span class=\"_ _2\"></span> independent assurance on the</div>\n<div class=\"t m0 x7 h4f y9ac ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">effectivenes<span class=\"_ _2\"></span>s of governance, <span class=\"_ _2\"></span>risk management and<span class=\"_ _2\"></span> control processes. <span class=\"_ _2\"></span>If</div>\n<div class=\"t m0 x7 h4f y9ad ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and when appropr<span class=\"_ _2\"></span>iate, Audit formulates<span class=\"_ _2\"></span> recommendations to optimize<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y9ae ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">these p<span class=\"wsef\">roc<span class=\"_ _2b\"></span>esses.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yea1 ff130 fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Local Opera<span class=\"_ _2\"></span>ting Companies (OpCo<span class=\"_ _2\"></span>s)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yea2 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Each OpCo<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">is responsible f<span class=\"_ _0\"></span>or ensuri<span class=\"_ _0\"></span>ng that it has<span class=\"_ _0\"></span> a compreh<span class=\"_ _0\"></span>ensive ris<span class=\"_ _2b\"></span>k </span></span></div>\n<div class=\"t m0 x1a h4f yea3 ff130 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">manage<span class=\"_ _0\"></span>ment fr<span class=\"_ _0\"></span>amework i<span class=\"_ _2b\"></span>n place, and f<span class=\"_ _0\"></span>or mana<span class=\"_ _0\"></span>ging its <span class=\"_ _2b\"></span>risks within t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f yea4 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limits, p<span class=\"_ _0\"></span>olicies an<span class=\"_ _2b\"></span>d guidelines set by R<span class=\"_ _2b\"></span>egulators, Ageas<span class=\"_ _0\"></span> Group and it<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f yea5 ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">local Boar<span class=\"_ _2\"></span>d of Directors.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya21 ff130 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f ya22 ff130 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Furtherm<span class=\"_ _2b\"></span>ore, each OpC<span class=\"_ _0\"></span>o is req<span class=\"_ _0\"></span>uired to h<span class=\"_ _2b\"></span>ave the follow<span class=\"_ _0\"></span>ing in pl<span class=\"_ _2b\"></span>ace:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya23 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsf0\">a Board level Risk Co<span class=\"_ _2b\"></span>mmittee and Audit C<span class=\"_ _0\"></span>ommitte<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to ass<span class=\"_ _0\"></span>ist the </span></span></div>\n<div class=\"t m0 x6c h4f ya24 ff130 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Board in f<span class=\"_ _2b\"></span>ulfilling it<span class=\"_ _0\"></span>s <span class=\"lse2 wsf1\">supervision.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ya25 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse2 ws103\">a<span class=\"_ _2\"></span> Management Risk Committee,<span class=\"_ _2\"></span> which supports its management<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x6c h4f ya26 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">team in ens<span class=\"_ _0\"></span>uring that<span class=\"_ _0\"></span> key risks ar<span class=\"_ _0\"></span>e well <span class=\"lse2 wsf1\">understood,<span class=\"ls0 ws0\"> </span>and<span class=\"_ _2\"></span> </span><span class=\"wsef\">appr<span class=\"_ _0\"></span>opriate </span></div>\n<div class=\"t m0 x6c h4f ya27 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risk mana<span class=\"_ _0\"></span>gement p<span class=\"_ _0\"></span>rocedur<span class=\"_ _0\"></span>es are in plac<span class=\"_ _2b\"></span>e;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya28 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsfa\">an ALM Committ<span class=\"_ _0\"></span>ee whos<span class=\"_ _2b\"></span>e role includes<span class=\"_ _0\"></span> the mo<span class=\"_ _0\"></span>nitoring <span class=\"_ _0\"></span>of mark<span class=\"_ _0\"></span>et </span></span></div>\n<div class=\"t m0 x6c h4f ya29 ff130 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">risks t<span class=\"_ _0\"></span>o ensure t<span class=\"_ _0\"></span>hey are <span class=\"_ _0\"></span>manag<span class=\"_ _0\"></span>ed in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with th<span class=\"_ _0\"></span>e risk</div>\n<div class=\"t m0 x6c h4f ya2a ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">framew<span class=\"_ _0\"></span>ork and wit<span class=\"_ _0\"></span>hin agreed li<span class=\"_ _2b\"></span>mits and to make spec<span class=\"_ _2b\"></span>ific decisions</div>\n<div class=\"t m0 x6c h4f ya2b ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or recomm<span class=\"_ _2b\"></span>endations relat<span class=\"_ _0\"></span>ing to <span class=\"lse2 wsf1\">ALM.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f ya2c ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsfa\">a local Model C<span class=\"_ _0\"></span>ontrol <span class=\"_ _0\"></span>Board w<span class=\"_ _0\"></span>hich coor<span class=\"_ _2b\"></span>dinates with t<span class=\"_ _2b\"></span>he Ageas </span></span></div>\n<div class=\"t m0 x6c h4f ya2d ff130 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">MCB<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yea6 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsfa\">a Risk Functi<span class=\"_ _0\"></span>on (or Ris<span class=\"_ _0\"></span>k Offic<span class=\"_ _0\"></span>er) to su<span class=\"_ _2b\"></span>pport the work of<span class=\"_ _0\"></span> the Ris<span class=\"_ _0\"></span>k </span></span></div>\n<div class=\"t m0 x6c h4f yea7 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Committ<span class=\"_ _2b\"></span>ee and to provide risk re<span class=\"_ _0\"></span>porting a<span class=\"_ _2b\"></span>nd opinions to the loc<span class=\"_ _0\"></span>al</div>\n<div class=\"t m0 x6c h4f ya30 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">CEO, loc<span class=\"_ _0\"></span>al Board and t<span class=\"_ _0\"></span>o Group man<span class=\"_ _2b\"></span>age<span class=\"lse2 wsf1\">ment<span class=\"ls0 ws0\">.<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f yea8 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsf0\">an Actuarial Func<span class=\"_ _0\"></span>tion in line w<span class=\"_ _0\"></span>ith Solven<span class=\"_ _2b\"></span>cy II regulatory </span></span></div>\n<div class=\"t m0 x6c h4f yea9 ff130 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">requirements<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yeaa ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsfa\">a Compliance F<span class=\"_ _2b\"></span>unction that <span class=\"_ _0\"></span>advises t<span class=\"_ _2b\"></span>he administrat<span class=\"_ _0\"></span>ive or </span></span></div>\n<div class=\"t m0 x6c h4f yeab ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">manage<span class=\"_ _0\"></span>ment body<span class=\"_ _0\"></span> on compli<span class=\"_ _0\"></span>ance with<span class=\"_ _0\"></span> laws, regul<span class=\"_ _0\"></span>ations an<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x6c h4f yeac ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">administra<span class=\"_ _2\"></span>tive requirements and<span class=\"_ _2\"></span> Group and local <span class=\"_ _2\"></span>policies <span class=\"wsf1\">where </span></div>\n<div class=\"t m0 x6c h4f yead ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">these se<span class=\"_ _2\"></span>t additional requireme<span class=\"_ _2\"></span>nts. Compliance asse<span class=\"_ _2\"></span>sses the</div>\n<div class=\"t m0 x6c h4f yeae ff130 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">possible im<span class=\"_ _2\"></span>pact of any change<span class=\"_ _2\"></span>s in the legal<span class=\"_ _2\"></span> environment on the<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x6c h4f yeaf ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operations of t<span class=\"_ _2\"></span>he undertaking concerned and<span class=\"_ _2\"></span> identifies any</div>\n<div class=\"t m0 x6c h4f yeb0 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">compliance ri<span class=\"_ _2\"></span>sk<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yeb1 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsfa\">a Chief Inform<span class=\"_ _2b\"></span>ation Security<span class=\"_ _0\"></span> Offic<span class=\"_ _0\"></span>er (CISO)<span class=\"_ _0\"></span> support<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>loc<span class=\"_ _0\"></span>al Senior </span></span></div>\n<div class=\"t m0 x6c h4f yeb2 ff130 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Management<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yeb3 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse0 wsf0\">a <span class=\"_ _2\"></span>Dat<span class=\"_ _2b\"></span>a Protection Offic<span class=\"_ _0\"></span>er (DPO<span class=\"_ _0\"></span>) that report<span class=\"_ _0\"></span>s to the high<span class=\"_ _0\"></span>est local </span></span></div>\n<div class=\"t m0 x6c h4f yeb4 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">manage<span class=\"_ _0\"></span>ment leve<span class=\"_ _0\"></span>l and is conta<span class=\"_ _0\"></span>ct person f<span class=\"_ _0\"></span>or the local D<span class=\"_ _2b\"></span>PA<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yeb5 ff132 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff133\"> <span class=\"_ _46\"> </span><span class=\"ff130 lse2 wsfa\">a<span class=\"_ _2\"></span>n Internal Audit <span class=\"_ _2\"></span>Function assessing <span class=\"_ _2\"></span>the adequacy and </span></span></div>\n<div class=\"t m0 x6c h4f yeb6 ff130 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">effecti<span class=\"_ _0\"></span>veness of t<span class=\"_ _0\"></span>he intern<span class=\"_ _0\"></span>al contr<span class=\"_ _0\"></span>ol system an<span class=\"_ _0\"></span>d other elem<span class=\"_ _0\"></span>ents of</div>\n<div class=\"t m0 x6c h4f yeb7 ff130 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the risk governa<span class=\"_ _2\"></span>nce system. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 519px; height: 587px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff134 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.3.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsf0\">Three Lines of Def<span class=\"_ _0\"></span>ence<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas has im<span class=\"_ _2b\"></span>plemented a 3 lines of<span class=\"_ _0\"></span> defenc<span class=\"_ _0\"></span>e model <span class=\"ls0 ws0\">- </span><span class=\"wsfa\">the thre<span class=\"_ _0\"></span>e lines s<span class=\"_ _2b\"></span>hare the ultim<span class=\"_ _2b\"></span>ate aim of helpi<span class=\"_ _0\"></span>ng the o<span class=\"_ _0\"></span>rganis<span class=\"_ _0\"></span>ation t<span class=\"_ _0\"></span>o achieve <span class=\"_ _2b\"></span>its objectives<span class=\"_ _0\"></span> whil<span class=\"wsef\">e </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff134 fs3a fc1e sc0 lse1 ws11d\" style=\"z-index: 15;\">effectively managing risk. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x243 h8e yf4a ff141 fs59 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">FIRST LINE OF DEFENCE</div>\n<div class=\"t m0 x12 h8f yf4b ff141 fs5a fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">(Business Owner)</div>\n<div class=\"t m0 x49 h8c yf28 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Implements the enterprise risk management framework  </div>\n<div class=\"t m0 x49 h8c yf29 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Embeds an appropriate risk culture</div>\n<div class=\"t m0 x49 h8c yf2a ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Identifies, owns, measures and manages risks in the</div>\n<div class=\"t m0 x49 h8c yf2b ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">business, ensuring Ageas does not suffer from</div>\n<div class=\"t m0 x49 h8c yf2c ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">unexpected events</div>\n<div class=\"t m0 x49 h8c yf2d ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Implements policies and controls to manage risks (in</div>\n<div class=\"t m0 x49 h8c yf2e ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">line with Group requirements and risk appetite) and</div>\n<div class=\"t m0 x49 h8c yf2f ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">ensure that these are operating effectively on a day to</div>\n<div class=\"t m0 x49 h8c yf30 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">day basis</div>\n<div class=\"t m0 x49 h8c yf31 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Identifies and implements actions to manage existing</div>\n<div class=\"t m0 x49 h8c yf32 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">and emerging risks</div>\n<div class=\"t m0 x49 h8c yf33 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Reports on risk management including analysing</div>\n<div class=\"t m0 x49 h8c yf34 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">whether key business objectives are likely to be</div>\n<div class=\"t m0 x49 h8c yf35 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">achieved</div>\n<div class=\"t m0 x49 h8c yf36 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Demonstrate to the Board of Directors and Regulator</div>\n<div class=\"t m0 x49 h8c yf37 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">that risk controls are adequate and effective</div>\n<div class=\"t m0 x49 h8c yf38 ff140 fs57 fc17 sc0 ls0 ws0\" style=\"z-index: 15;\">Operating in line with regulations</div>\n<div class=\"t m0 x256 h8e yf4c ff141 fs59 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">SECOND LINE OF DEFENCE</div>\n<div class=\"t m0 x9c h8f yf4d ff141 fs5a fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">(Risk Management, Compliance, DPO, CISO and Actuarial Functions)</div>\n<div class=\"t m0 x33 h8c yf28 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Advises Senior Management and the Board of Directors</div>\n<div class=\"t m0 x33 h8c yf3b ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">on the setting of high level strategies and risk appetite</div>\n<div class=\"t m0 x33 h8c yf3c ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">aggregation</div>\n<div class=\"t m0 x33 h8c yf3d ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Establishes and maintains the enterprise risk</div>\n<div class=\"t m0 x33 h8c yf3e ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">management framework</div>\n<div class=\"t m0 x33 h8c yf3f ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Facilitates, assesses and monitors the effective</div>\n<div class=\"t m0 x33 h8c yf40 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">operation of the risk management system</div>\n<div class=\"t m0 x33 h8c yf2f ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Provides risk education and training</div>\n<div class=\"t m0 x33 h8c yf41 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Acts as an independent risk advisor</div>\n<div class=\"t m0 x33 h8c yf42 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Oversight &amp; challenge of key risks and how they are</div>\n<div class=\"t m0 x33 h8c yf43 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">measured and managed</div>\n<div class=\"t m0 x33 h8c yf44 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Monitors adherence with risk appetite and policies</div>\n<div class=\"t m0 x33 h8c yf45 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Oversees effective use of risk processes and controls</div>\n<div class=\"t m0 x33 h8c yf46 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Monitors compliance with regulations and informs</div>\n<div class=\"t m0 x33 h8c yf47 ff140 fs57 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">business of requirements</div>\n<div class=\"t m0 x243 h8e yf48 ff141 fs59 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">THIRD LINE OF DEFENCE</div>\n<div class=\"t m0 x12 h8f yf49 ff141 fs5a fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">(Internal Audit)</div>\n<div class=\"t m0 x49 h8d yf39 ff140 fs58 fc16 sc0 ls0 ws0\" style=\"z-index: 15;\">Provides a reasonable level of independent assurance to Senior Management and Board of Directors on the adequacy</div>\n<div class=\"t m0 x49 h8d yf3a ff140 fs58 fc16 sc0 ls0 ws0\" style=\"z-index: 15;\">&amp; effectiveness of governance, risk management and controls</div>\n\n<div class=\"t m0 x7 h6a yeba ff136 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">4<span class=\"ls100 ws11a\">.4</span> </div>\n<div class=\"t m0 x7 h6a yebb ff136 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Capital Management Objectives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yebc ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Capital<span class=\"_ _0\"></span> is a sc<span class=\"_ _0\"></span>arce and st<span class=\"_ _2b\"></span>rategic resou<span class=\"_ _2b\"></span>rce, which requ<span class=\"_ _2b\"></span>ires a clearly</div>\n<div class=\"t m0 x7 h4f yebd ff134 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">defined, r<span class=\"_ _2\"></span>igorous and discipli<span class=\"_ _2\"></span>ned management approa<span class=\"_ _2\"></span>ch in order to</div>\n<div class=\"t m0 x7 h4f yebe ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">ensure ef<span class=\"_ _0\"></span>ficient a<span class=\"_ _0\"></span>nd <span class=\"lse2 wsfa\">effective depl<span class=\"_ _2\"></span>oyment. The Capital<span class=\"_ _2\"></span> Management </span></div>\n<div class=\"t m0 x7 h4f yebf ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">approac<span class=\"_ _0\"></span>h that Age<span class=\"_ _0\"></span>as follows a<span class=\"_ _0\"></span>ims to balan<span class=\"_ _0\"></span>ce the nee<span class=\"_ _0\"></span>ds and</div>\n<div class=\"t m0 x7 h4f yec0 ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ements of al<span class=\"_ _0\"></span>l stakeho<span class=\"_ _2b\"></span>lders includin<span class=\"_ _0\"></span>g shareho<span class=\"_ _0\"></span>lders, debt<span class=\"_ _0\"></span> investo<span class=\"_ _0\"></span>rs,</div>\n<div class=\"t m0 x7 h4f yec1 ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ors, ratin<span class=\"_ _2b\"></span>g agencies and cust<span class=\"_ _0\"></span>omers.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yec2 ff134 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yec3 ff134 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">The main objec<span class=\"_ _2\"></span>tives of capital manag<span class=\"lse0 wsf0\">ement at Ageas<span class=\"_ _0\"></span> are:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yec4 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsfa\">to optimise the <span class=\"_ _2b\"></span>capital struct<span class=\"_ _0\"></span>ure, c<span class=\"_ _0\"></span>omposit<span class=\"_ _0\"></span>ion and a<span class=\"_ _0\"></span>llocat<span class=\"_ _0\"></span>ion of </span></span></div>\n<div class=\"t m0 x43 h4f yec5 ff134 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">capital within<span class=\"_ _2\"></span> Ageas;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yec6 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">to ensure value cre<span class=\"_ _0\"></span>ation by fun<span class=\"_ _0\"></span>ding profit<span class=\"_ _2b\"></span>able growth, as we<span class=\"_ _0\"></span>ll as </span></span></div>\n<div class=\"t m0 x43 h4f yec7 ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">protect<span class=\"_ _0\"></span>ing the v<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> and pr<span class=\"_ _0\"></span>ofitabi<span class=\"_ _0\"></span>lity of<span class=\"_ _0\"></span> the bus<span class=\"_ _0\"></span>iness;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yec8 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">to ensure optimal d<span class=\"_ _0\"></span>ividend le<span class=\"_ _0\"></span>vels, bot<span class=\"_ _0\"></span>h for the Gro<span class=\"_ _0\"></span>up as well as its<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x43 h4f yec9 ff134 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">subsidiaries.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yeca ff134 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.4.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 ws103\">Cap<span class=\"_ _2\"></span>ital Management Framework</span> </span></div>\n<div class=\"t m0 x7 h4f yecb ff134 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">obj<span class=\"_ _0\"></span>ectives<span class=\"_ _0\"></span> with res<span class=\"_ _0\"></span>pect to c<span class=\"_ _2b\"></span>apital manag<span class=\"_ _0\"></span>ement ar<span class=\"_ _0\"></span>e to be </span></span></div>\n<div class=\"t m0 x7 h4f yecc ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">achieve<span class=\"_ _2b\"></span>d by adhering t<span class=\"_ _0\"></span>o clear<span class=\"_ _0\"></span>ly define<span class=\"_ _2b\"></span>d processes. Th<span class=\"_ _2b\"></span>ese are gover<span class=\"_ _0\"></span>ned</div>\n<div class=\"t m0 x7 h4f yecd ff134 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">by clearly defi<span class=\"_ _2\"></span>ned policies<span class=\"ls0 ws0\"> </span>and proced<span class=\"_ _2\"></span>ures to ensure that capital<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yece ff134 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">management prac<span class=\"_ _2\"></span>tices throughout the Group and<span class=\"_ _2\"></span> the OpCos are</div>\n<div class=\"t m0 x1a h4f yecf ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">underst<span class=\"_ _2b\"></span>ood, documente<span class=\"_ _0\"></span>d and monito<span class=\"_ _0\"></span>red (wit<span class=\"_ _0\"></span>h correct<span class=\"_ _0\"></span>ive actio<span class=\"_ _0\"></span>ns taken if</div>\n<div class=\"t m0 x1a h4f yed0 ff134 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">necess<span class=\"_ _0\"></span>ary).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yed1 ff134 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yed2 ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">The Capit<span class=\"_ _0\"></span>al Manag<span class=\"_ _0\"></span>ement Fram<span class=\"_ _2b\"></span>ework at Ageas defi<span class=\"_ _2b\"></span>nes rules and</div>\n<div class=\"t m0 x1a h4f yed3 ff134 fs3a fc1e sc0 ls102 ws129\" style=\"z-index: 15;\">principle<span class=\"_ _2\"></span>s in<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">respect of the f<span class=\"_ _2\"></span>ollowing:</span> </span></div>\n<div class=\"t m0 x1a h4f yed4 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">Capital plannin<span class=\"_ _0\"></span>g, i.e. def<span class=\"_ _2b\"></span>ining the capital l<span class=\"_ _0\"></span>evel the Gro<span class=\"_ _0\"></span>up wants to </span></span></div>\n<div class=\"t m0 x6c h4f yed5 ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">hold, wh<span class=\"_ _2b\"></span>ich is a functi<span class=\"_ _2b\"></span>on of:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yed6 ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse2 wsfa\">Legal requiremen<span class=\"_ _2\"></span>ts and anticipated<span class=\"_ _2\"></span> changes</span><span class=\"ff134\">; </span></span></div>\n<div class=\"t m0 x6c h4f yed7 ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse2 ws103\">Regulatory requirem<span class=\"_ _2\"></span>ents and anticipated changes</span><span class=\"ff134\">;<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x6c h4f yed8 ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse0 wsfa\">Growt<span class=\"_ _2b\"></span>h ambitions and f<span class=\"_ _2b\"></span>uture capita<span class=\"_ _0\"></span>l commit<span class=\"_ _0\"></span>ments<span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x6c h4f yed9 ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134\">T<span class=\"lse0 wsf0\">he Risk Appet<span class=\"_ _2b\"></span>ite Policy<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yeda ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">Capital allocat<span class=\"_ _2b\"></span>ion, i.e. determi<span class=\"_ _2b\"></span>ning the capital use t<span class=\"_ _0\"></span>hat Ageas </span></span></div>\n<div class=\"t m0 x6c h4f yedb ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">forese<span class=\"_ _0\"></span>es, whic<span class=\"_ _0\"></span>h is a f<span class=\"_ _0\"></span>unction of<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yedc ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse0 wsf0\">Optim<span class=\"_ _0\"></span>isation of<span class=\"_ _0\"></span> risk rew<span class=\"_ _0\"></span>ard<span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x6c h4f yedd ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse2 ws103\">The Dividen<span class=\"lse0 wsfa\">d Policy (<span class=\"_ _0\"></span>and futur<span class=\"_ _2b\"></span>e capital raisi<span class=\"_ _2b\"></span>ng)<span class=\"ls0 ws0\">; </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yede ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse2 ws103\">C<span class=\"_ _2\"></span>apital structuring, i.e<span class=\"_ _2\"></span>. mainta<span class=\"lse0 wsf0\">ining an<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>effic<span class=\"_ _0\"></span>ient bala<span class=\"_ _2b\"></span>nce between </span></span></span></div>\n<div class=\"t m0 x6c h4f yedf ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">equity an<span class=\"_ _0\"></span>d debt; <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yee0 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">Capital Manage<span class=\"_ _0\"></span>ment gove<span class=\"_ _0\"></span>rnance,<span class=\"_ _0\"></span> i.e. settin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>cl<span class=\"_ _0\"></span>ear roles an<span class=\"_ _0\"></span>d </span></span></div>\n<div class=\"t m0 x6c h4f yee1 ff134 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">responsibili<span class=\"_ _2\"></span>ties on people and<span class=\"_ _2\"></span> decisional bodies<span class=\"_ _2\"></span> involved in Capi<span class=\"_ _2\"></span>tal</div>\n<div class=\"t m0 x6c h4f yee2 ff134 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Management Pro<span class=\"_ _2\"></span>cesses.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 189px; height: 351px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 189px; height: 917px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff13c fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">4.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff13c fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Assessing <span class=\"_ _2\"></span>Solven<span class=\"ls101 ws11b\">cy &amp; Capital<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79e ff13a fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.5.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsfa\">Mea<span class=\"_ _2\"></span>suring capital adequ<span class=\"_ _2\"></span>acy</span> </span></div>\n<div class=\"t m0 x7 h4f y79f ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Under Sol<span class=\"_ _0\"></span>vency II,<span class=\"_ _0\"></span> Ageas uses a P<span class=\"_ _2b\"></span>artial Internal M<span class=\"_ _0\"></span>odel (PIM) t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x7 h4f y7a0 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">measure it<span class=\"_ _0\"></span>s Solv<span class=\"lse2 wsfa\">ency Capital Requiremen<span class=\"_ _2\"></span>t under P<span class=\"ls102 ws129\">illar 1. </span>T<span class=\"_ _2\"></span>he PIM </span></div>\n<div class=\"t m0 x7 h4f y7a1 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">combines<span class=\"_ _0\"></span> the Solven<span class=\"_ _2b\"></span>cy II Standard For<span class=\"_ _0\"></span>mula wit<span class=\"_ _0\"></span>h the Intern<span class=\"_ _0\"></span>al Model for</div>\n<div class=\"t m0 x7 h4f ya7f ff13a fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life Underwri<span class=\"_ _2b\"></span>ting Risk for the mai<span class=\"_ _0\"></span>n entities e<span class=\"_ _2b\"></span>ngaging in Non<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">life </span></span></span></span></div>\n<div class=\"t m0 x7 h4f ya80 ff13a fs3a fc1e sc0 lse1 wsf0\" style=\"z-index: 15;\">business. <span class=\"lse2 wsfa\">Ageas suppl<span class=\"_ _2\"></span>ements the<span class=\"ls0 ws0\"> <span class=\"ls102 ws129\">Pilla<span class=\"_ _2\"></span>r I</span> </span><span class=\"lse0\">PIM wit<span class=\"_ _2b\"></span>h its own inter<span class=\"_ _0\"></span>nal view </span></span></div>\n<div class=\"t m0 x7 h4f ya81 ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">to meas<span class=\"_ _0\"></span>ure its S<span class=\"_ _0\"></span>olvency C<span class=\"_ _2b\"></span>apital Requ<span class=\"wsf0\">i<span class=\"_ _0\"></span>rements<span class=\"_ _0\"></span> (called SC<span class=\"_ _0\"></span>R</span></div>\n<div class=\"t m0 x3a h64 yee4 ff13a fs41 fc1e sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 x1e0 h4f yee5 ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">) under</div>\n<div class=\"t m0 x7 h4f yee6 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">P<span class=\"lse0 wsf0\">illar 2. On top of t<span class=\"_ _0\"></span>he Partia<span class=\"_ _0\"></span>l Interna<span class=\"_ _0\"></span>l Model Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws121\">li<span class=\"_ _2\"></span>fe, the S<span class=\"_ _2\"></span>CR</span></span></span></div>\n<div class=\"t m0 x119 h64 yee7 ff13a fs41 fc1e sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 x215 h4f yee8 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yee9 ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">enhanc<span class=\"_ _0\"></span>es the <span class=\"ls0 ws0\">S<span class=\"lse2 wsf1\">tandard </span>F</span><span class=\"wsef\">ormula </span>with the<span class=\"_ _0\"></span> follow<span class=\"_ _0\"></span>ing elem<span class=\"_ _2b\"></span>ents:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yeea ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsfa\">Reviewed spre<span class=\"_ _2b\"></span>ad risk treatme<span class=\"_ _0\"></span>nt;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yeeb ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse2 wsfa\">In<span class=\"_ _2\"></span>clusion of fundam<span class=\"_ _2\"></span>ental spread for E<span class=\"_ _2\"></span>U sovereign (&amp;</span><span class=\"ff13a\"> <span class=\"lse2 wsf1\">eq<span class=\"_ _2\"></span>uivalent<span class=\"lse0 wsef\">) </span></span></span></span></div>\n<div class=\"t m0 x43 h4f yeec ff13a fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">exposures;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yeed ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse2 wsfa\">E<span class=\"_ _2\"></span>xclusion of non</span><span class=\"ff13a\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fund<span class=\"_ _0\"></span>amental<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>spr<span class=\"_ _0\"></span>ead on other d<span class=\"_ _0\"></span>ebt;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yeee ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsf0\">Internal model fo<span class=\"_ _2b\"></span>r Real Estate<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yeef ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsfa\">Inflation risk<span class=\"_ _0\"></span> charg<span class=\"_ _0\"></span>e for Wor<span class=\"_ _0\"></span>ker\u2019s C<span class=\"_ _0\"></span>ompens<span class=\"_ _0\"></span>ation<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yef0 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse2 wsfa\">E<span class=\"_ _2\"></span>xclusion of transi<span class=\"_ _2\"></span>tional measures.</span><span class=\"ff13a\"> </span></span></div>\n<div class=\"t m0 x7 h4f yef1 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yef2 ff13a fs3a fc1e sc0 lsfa ws136\" style=\"z-index: 15;\">This S<span class=\"_ _2\"></span>CR</div>\n<div class=\"t m0 x4f h64 yef3 ff13a fs41 fc1e sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 x243 h4f yef4 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse2 ws103\">is then<span class=\"_ _2\"></span> compared with qualifying own<span class=\"_ _2\"></span> funds to determine </span></div>\n<div class=\"t m0 x7 h4f yef5 ff13a fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">the Group\u2019s ove<span class=\"_ _2\"></span>rall capital adequacy,<span class=\"_ _2\"></span> providing the Solvency II</div>\n<div class=\"t m0 x24d h64 yef6 ff13a fs41 fc1e sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 xc h4f yef7 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse0 wsef\">ratio.</span> </div>\n<div class=\"t m0 x7 h4f yef8 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yef9 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">For more inf<span class=\"_ _2b\"></span>ormation on Solve<span class=\"_ _2b\"></span>ncy II, please see als<span class=\"_ _0\"></span>o note <span class=\"ls0 ws0\">5 <span class=\"lse2 wsf1\">Regulator<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x7 h4f yefa ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">supervision an<span class=\"_ _2\"></span>d solvency.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yefb ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yefc ff13a fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">Overall capital<span class=\"_ _2\"></span> adequacy is verified on<span class=\"_ _2\"></span> a Group<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">wide basis,<span class=\"_ _2\"></span> quarterly </span></div>\n<div class=\"t m0 x7 h4f yefd ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">and annuall<span class=\"_ _2\"></span>y:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yefe ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse2 ws103\">T<span class=\"_ _2\"></span>hrough a quarterly Solven<span class=\"_ _2\"></span>cy and Capital report, Ageas\u2019s Boa<span class=\"_ _2\"></span>rd of </span></span></div>\n<div class=\"t m0 x43 h4f yeff ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Directo<span class=\"_ _0\"></span>rs ensures<span class=\"_ _0\"></span> that capit<span class=\"_ _0\"></span>al adequa<span class=\"_ _2b\"></span>cy continues to be met o<span class=\"_ _0\"></span>n a</div>\n<div class=\"t m0 x43 h4f yf00 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">current<span class=\"_ _0\"></span> basis;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yf01 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsf0\">Ageas\u2019s Board als<span class=\"_ _2b\"></span>o <span class=\"_ _2\"></span>pro<span class=\"_ _0\"></span>actively<span class=\"_ _0\"></span> assesses<span class=\"_ _0\"></span> and steers<span class=\"_ _0\"></span> the Grou<span class=\"_ _0\"></span>p\u2019s </span></span></div>\n<div class=\"t m0 x43 h4f yf02 ff13a fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">capital adequa<span class=\"_ _2\"></span>cy on a multi<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">year basis,<span class=\"_ _0\"></span> taking into ac<span class=\"_ _2b\"></span>count strategy </span></span></div>\n<div class=\"t m0 x43 h4f yf03 ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">and forecas<span class=\"_ _2\"></span>ted business and <span class=\"_ _2\"></span>risk assumptions. Th<span class=\"_ _2\"></span>is is done through<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x43 h4f yf04 ff13a fs3a fc1e sc0 lse1 ws11d\" style=\"z-index: 15;\">a process called Own Risk &amp; Solvency Assessment, which is</div>\n<div class=\"t m0 x43 h4f yf05 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">embedd<span class=\"_ _0\"></span>ed into Agea<span class=\"_ _0\"></span>s\u2019s multi<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">year budg<span class=\"_ _2b\"></span>eting and planning p<span class=\"_ _2b\"></span>rocess.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yf06 ff13a fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.5.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 ws103\">Ri<span class=\"_ _2\"></span>sk Appetite Framework</span> </span></div>\n<div class=\"t m0 x7 h4f yf07 ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">The Risk App<span class=\"_ _2\"></span>et<span class=\"lse0 wsf0\">ite Fr<span class=\"_ _0\"></span>amework c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>s of criteri<span class=\"_ _0\"></span>a which are us<span class=\"_ _2b\"></span>ed to </span></div>\n<div class=\"t m0 x7 h4f yf08 ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">formulat<span class=\"_ _2b\"></span>e the willingn<span class=\"_ _2b\"></span>ess of managem<span class=\"_ _2b\"></span>ent to take on r<span class=\"_ _0\"></span>isk in a s<span class=\"_ _0\"></span>pecif<span class=\"_ _0\"></span>ic</div>\n<div class=\"t m0 x7 h4f yf09 ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">area. Agea<span class=\"_ _2\"></span>s\u2019s Risk Appetite<span class=\"_ _2\"></span> Framework applies <span class=\"_ _2\"></span>to all <span class=\"wsf1\">OpCos<span class=\"ls0 ws0\"> </span></span>o<span class=\"_ _2\"></span>f Ageas</div>\n<div class=\"t m0 x1a h4f yf0a ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">(define<span class=\"_ _0\"></span>d as ent<span class=\"_ _0\"></span>ities of w<span class=\"_ _2b\"></span>hich Ageas, di<span class=\"_ _0\"></span>rectly o<span class=\"_ _0\"></span>r indir<span class=\"_ _0\"></span>ectly is<span class=\"_ _0\"></span> a</div>\n<div class=\"t m0 x1a h4f yf0b ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>older, and h<span class=\"_ _0\"></span>olds oper<span class=\"_ _0\"></span>ational<span class=\"_ _0\"></span> control),<span class=\"_ _0\"></span> and on a best eff<span class=\"_ _2b\"></span>ort basis to</div>\n<div class=\"t m0 x1a h4f yf0c ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">affiliat<span class=\"_ _2b\"></span>es (defined as entit<span class=\"_ _2b\"></span>ies of which Ageas, d<span class=\"_ _0\"></span>irectly or i<span class=\"_ _2b\"></span>ndirectly is a</div>\n<div class=\"t m0 x1a h4f yf0d ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">shareholder<span class=\"_ _2\"></span>, but does not ho<span class=\"_ _2\"></span>ld operational con<span class=\"_ _2\"></span>trol).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf0e ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yf0f ff13a fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">The main objec<span class=\"_ _2\"></span>tives of the risk appetite framewo<span class=\"_ _2\"></span>rk are to ensure that: <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf10 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsf0\">The exposure to a num<span class=\"_ _0\"></span>ber of key ris<span class=\"_ _0\"></span>ks of each Op<span class=\"_ _0\"></span>Co and the Gr<span class=\"_ _0\"></span>oup </span></span></div>\n<div class=\"t m0 x6c h4f yf11 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">as a whole rem<span class=\"_ _2b\"></span>ain within known, ac<span class=\"_ _0\"></span>ceptab<span class=\"_ _2b\"></span>le and controlled l<span class=\"_ _0\"></span>evels;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf12 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsf0\">Risk Appetite crit<span class=\"_ _2b\"></span>eria are clearly d<span class=\"_ _0\"></span>efined,<span class=\"_ _0\"></span> so that actua<span class=\"_ _0\"></span>l expos<span class=\"_ _0\"></span>ures </span></span></div>\n<div class=\"t m0 x6c h4f yf13 ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">and acti<span class=\"_ _0\"></span>vities c<span class=\"_ _2b\"></span>an be compared t<span class=\"_ _2b\"></span>o t<span class=\"wsf0\">he criteria agr<span class=\"_ _0\"></span>eed at Boar<span class=\"_ _0\"></span>d level, </span></div>\n<div class=\"t m0 x6c h4f yf14 ff13a fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">allowing moni<span class=\"_ _2\"></span>toring and posi<span class=\"_ _2\"></span>tive confirmation <span class=\"_ _2\"></span>that risks are</div>\n<div class=\"t m0 x6c h4f yf15 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">contro<span class=\"_ _0\"></span>lled and that t<span class=\"_ _0\"></span>he Board is ab<span class=\"_ _0\"></span>le and wil<span class=\"_ _0\"></span>ling to acce<span class=\"_ _2b\"></span>pt these</div>\n<div class=\"t m0 x6c h4f yf16 ff13a fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">exposures;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf17 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse0 wsf0\">Risks limits are li<span class=\"_ _0\"></span>nked to the act<span class=\"_ _0\"></span>ual risk<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">taking capacity of an OpCo<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x6c h4f yf18 ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">and Grou<span class=\"_ _0\"></span>p in a tra<span class=\"_ _2b\"></span>nsparent and st<span class=\"_ _2b\"></span>raightforwar<span class=\"_ _2b\"></span>d way.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf19 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yf1a ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Due to t<span class=\"_ _0\"></span>heir imp<span class=\"_ _0\"></span>ortance f<span class=\"_ _2b\"></span>or the contin<span class=\"_ _0\"></span>ued oper<span class=\"_ _2b\"></span>ation of Ageas, <span class=\"_ _0\"></span>and its</div>\n<div class=\"t m0 x1a h4f yf1b ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">ability t<span class=\"_ _2b\"></span>o adhere to its c<span class=\"_ _2b\"></span>ommitments t<span class=\"_ _0\"></span>o its st<span class=\"_ _0\"></span>akehold<span class=\"_ _0\"></span>ers, the <span class=\"_ _0\"></span>follow<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f yf1c ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">criteri<span class=\"_ _0\"></span>a are <span class=\"lse1\">set<span class=\"lsf4 ws10c\">: <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yf1d ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yf1e ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse2 wsf1\">So<span class=\"_ _2\"></span>lvency</span><span class=\"ff13a\"> </span></span></div>\n<div class=\"t m0 x6c h4f yf1f ff13f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff13e\"> <span class=\"_ _a\"> </span><span class=\"ff13a lsfb wsfa\">Risk <span class=\"lse0 wsf0\">Consumption (R<span class=\"_ _2b\"></span>C<span class=\"lse2 ws103\">, bei<span class=\"_ _2\"></span>ng the level of buffer capi<span class=\"_ _2\"></span>tal </span></span></span></span></div>\n<div class=\"t m0 x1e6 h4f yf20 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">consum<span class=\"_ _0\"></span>ed by the curr<span class=\"_ _0\"></span>ent risk prof<span class=\"_ _2b\"></span>ile, consistent w<span class=\"_ _0\"></span>ith a 1 in 30</div>\n<div class=\"t m0 x1e6 h4f yf21 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">year loss<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">remains belo<span class=\"_ _2\"></span>w the Risk Appetite (RA) budge<span class=\"_ _2\"></span>t, set at </span></span></div>\n<div class=\"t m0 x1e6 h4f yf22 ff13a fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">40% of Own Funds, ne<span class=\"_ _2\"></span>t of expected dividends.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yf23 ff13f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff13e\"> <span class=\"_ _a\"> </span><span class=\"ff13a lse0 wsf0\">Capit<span class=\"_ _0\"></span>al Consum<span class=\"_ _2b\"></span>ption (CC) remai<span class=\"_ _2b\"></span>ns <span class=\"lse2 ws103\">be<span class=\"_ _2\"></span>low the Target Capital<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1e6 h4f yf24 ff13a fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">(TC), set at 1<span class=\"_ _2b\"></span>75% of SCR</div>\n<div class=\"t m0 x101 h64 yf25 ff13a fs41 fc1e sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 xfa h4f yad7 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">.</div>\n<div class=\"t m0 x1a h4f yad8 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yad9 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a lse2 wsf1\">Ea<span class=\"_ _2\"></span>rnings</span><span class=\"ff13a\"> </span></span></div>\n<div class=\"t m0 x6c h4f yada ff13f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff13e\"> <span class=\"_ _a\"> </span><span class=\"ff13a lse0 wsfa\">The de<span class=\"_ _0\"></span>viatio<span class=\"_ _0\"></span>n from y<span class=\"_ _0\"></span>ear<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">end budg<span class=\"_ _0\"></span>eted IFR<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>earn<span class=\"_ _0\"></span>ings due to a </span></span></span></div>\n<div class=\"t m0 x1e6 h4f yadb ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">combine<span class=\"_ _2b\"></span>d 1/10 financia<span class=\"_ _2b\"></span>l loss event is l<span class=\"_ _2b\"></span>imited to 100%. <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yadc ff13f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff13e\"> <span class=\"_ _a\"> </span><span class=\"ff13a lse2 ws103\">With the following earl<span class=\"_ _2\"></span>y warning mechanism: The devia<span class=\"_ _2\"></span>tion </span></span></div>\n<div class=\"t m0 x1e6 h4f yadd ff13a fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">from year end forec<span class=\"_ _2\"></span>asted IFRS earnings (or budg<span class=\"_ _2\"></span>eted IFRS</div>\n<div class=\"t m0 x1e6 h4f yade ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">earnin<span class=\"_ _0\"></span>gs shoul<span class=\"_ _0\"></span>d the f<span class=\"_ _0\"></span>orecast <span class=\"_ _0\"></span>be lowe<span class=\"_ _0\"></span>r than th<span class=\"_ _2b\"></span>e budget) due to <span class=\"_ _2b\"></span>a</div>\n<div class=\"t m0 x1e6 h4f yadf ff13a fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">combine<span class=\"_ _2b\"></span>d 1/10 financia<span class=\"_ _2b\"></span>l loss event is l<span class=\"_ _2b\"></span>imited to 100%. <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yae0 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yae1 ff13d fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff13e\"> <span class=\"_ _46\"> </span><span class=\"ff13a ls102 ws11d\">L<span class=\"_ _2\"></span>iquidity </span><span class=\"ff13a\"> </span></span></div>\n<div class=\"t m0 x6c h4f yae2 ff13f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff13e\"> <span class=\"_ _a\"> </span><span class=\"ff13a lse0 wsf0\">The bas<span class=\"_ _0\"></span>e liquid<span class=\"_ _0\"></span>ity ratio is<span class=\"_ _0\"></span> at least 100<span class=\"_ _0\"></span>%.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x6c h4f yae3 ff13a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">- <span class=\"_ _1ae\"> </span><span class=\"lse2 wsfa\">The str<span class=\"_ _2\"></span>essed liquidity ra<span class=\"_ _2\"></span>tio is at lea<span class=\"lse1 ws11d\">st 1<span class=\"_ _2\"></span>00%.</span></span> </div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 456px; height: 650px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff145 fs46 fcf sc0 ls10b ws12e\" style=\"z-index: 15;\">4.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff145 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Risk <span class=\"ls0 ws0\">T<span class=\"_ _2\"></span><span class=\"ls10f ws132\">axono<span class=\"_ _0\"></span>my<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y79e ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">In order to e<span class=\"_ _0\"></span>nsure a cons<span class=\"_ _0\"></span>istent an<span class=\"_ _0\"></span>d compreh<span class=\"_ _0\"></span>ensive a<span class=\"_ _0\"></span>pproach to ri<span class=\"_ _0\"></span>sk identif<span class=\"_ _2b\"></span>ication, Ageas<span class=\"_ _0\"></span> has define<span class=\"_ _0\"></span>d a<span class=\"ls0 ws0\"> R</span><span class=\"lse1\">isk <span class=\"ls0 ws0\">T<span class=\"_ _2\"></span><span class=\"lse2 ws103\">axonomy encompassing the k<span class=\"_ _2\"></span>ey risks that </span></span></span></div>\n<div class=\"t m0 x7 h4f y79f ff143 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">can impac<span class=\"_ _2b\"></span>t the Group. T<span class=\"_ _0\"></span>he <span class=\"ls0 ws0\">R<span class=\"lse1 wsf0\">isk </span>T</span>axonomy (bel<span class=\"_ _2b\"></span>ow) is aligned w<span class=\"_ _0\"></span>ith Solv<span class=\"_ _2b\"></span>ency II risk c<span class=\"_ _0\"></span>ategori<span class=\"_ _0\"></span>es, whic<span class=\"_ _2b\"></span>h facilitates t<span class=\"_ _0\"></span>he alig<span class=\"_ _0\"></span>nment of<span class=\"_ _0\"></span> inter<span class=\"_ _0\"></span>nal and ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x7 h4f y7a0 ff143 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">reporting. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24f h91 yf78 ff14c fs5c fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">TOTAL RISK</div>\n<div class=\"t mb xd6 h91 yf79 ff14c fs5c fc22 sc0 ls0 ws0\" style=\"z-index: 15;\">RISK TAXONOMY</div>\n<div class=\"t mc x1 h92 yf7a ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">FINANCIAL</div>\n<div class=\"t mc x60 h92 yf7b ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">RISKS</div>\n<div class=\"t m0 x258 h93 yf7e ff14d fs5d fc25 sc0 ls0 ws0\" style=\"z-index: 15;\">Market risk</div>\n<div class=\"t m0 x258 h93 yf7f ff14d fs5d fc25 sc0 ls0 ws0\" style=\"z-index: 15;\">Default risk</div>\n<div class=\"t m0 x79 h93 yf80 ff14d fs5d fc25 sc0 ls0 ws0\" style=\"z-index: 15;\">Liquidity risk</div>\n<div class=\"t m0 x78 h93 yf81 ff14d fs5d fc25 sc0 ls0 ws0\" style=\"z-index: 15;\">(assets &amp; liabilities)</div>\n<div class=\"t m0 xb8 h93 yf82 ff14d fs5d fc25 sc0 ls0 ws0\" style=\"z-index: 15;\">Intangible assets risk</div>\n<div class=\"t mc xcc h92 yf7a ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">INSURANCE</div>\n<div class=\"t mc x158 h92 yf7b ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">RISKS</div>\n<div class=\"t m0 xef h93 yf9e ff14d fs5d fc27 sc0 ls0 ws0\" style=\"z-index: 15;\">Life risk</div>\n<div class=\"t m0 x108 h93 yf9f ff14d fs5d fc27 sc0 ls0 ws0\" style=\"z-index: 15;\">Non-life risk</div>\n<div class=\"t m0 xfe h93 yfa0 ff14d fs5d fc27 sc0 ls0 ws0\" style=\"z-index: 15;\">Health risk</div>\n<div class=\"t mc x131 h92 yf7a ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">OPERATIONAL</div>\n<div class=\"t mc x241 h92 yf7b ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">RISKS</div>\n<div class=\"t m0 x222 h93 yf7e ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Employment practices &amp;</div>\n<div class=\"t m0 x7c h93 yf83 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">workplace safety</div>\n<div class=\"t m0 x6a h93 yf84 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Execution, delivery &amp;</div>\n<div class=\"t m0 x6a h93 yf85 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">process management</div>\n<div class=\"t m0 x1e6 h93 yf86 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Technology</div>\n<div class=\"t m0 xe2 h93 yf87 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Internal fraud</div>\n<div class=\"t m0 x10f h93 yf88 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">External fraud</div>\n<div class=\"t m0 x8e h93 yf89 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Damage to physical assets</div>\n<div class=\"t m0 x7b h93 yf8a ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">(incl. physical security)</div>\n<div class=\"t m0 x24b h93 yf8b ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Clients, products, business</div>\n<div class=\"t m0 x259 h93 yf8c ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">&amp; legal practices</div>\n<div class=\"t m0 xcd h93 yf8d ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Conduct</div>\n<div class=\"t m0 x7b h93 yf8e ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Regulatory compliance</div>\n<div class=\"t m0 x1e6 h93 yf8f ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Third party</div>\n<div class=\"t m0 x25a h93 yf90 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Statutory reporting,</div>\n<div class=\"t m0 x7d h93 yf91 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">disclosure &amp; tax</div>\n<div class=\"t m0 x6e h93 yf92 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Business continuity,</div>\n<div class=\"t m0 x6e h93 yf93 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">crisis management &amp;</div>\n<div class=\"t m0 x6b h93 yf94 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\"> operational resilience</div>\n<div class=\"t m0 x1ee h93 yf95 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Data management</div>\n<div class=\"t m0 x6e h93 yf96 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Information Security</div>\n<div class=\"t m0 x1e6 h93 yf97 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">(incl. cyber)</div>\n<div class=\"t m0 x241 h93 yf98 ff14d fs5d fc23 sc0 ls0 ws0\" style=\"z-index: 15;\">Model</div>\n<div class=\"t mc x97 h92 yf7c ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">STRATEGIC &amp;</div>\n<div class=\"t mc x257 h92 yf7d ff14c fs5d fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">BUSINESS RISKS</div>\n<div class=\"t m0 x97 h93 yf99 ff14d fs5d fc26 sc0 ls0 ws0\" style=\"z-index: 15;\">Strategic risk</div>\n<div class=\"t m0 xa0 h93 yf9a ff14d fs5d fc26 sc0 ls0 ws0\" style=\"z-index: 15;\">Change risk</div>\n<div class=\"t m0 xfb h93 yf9b ff14d fs5d fc26 sc0 ls0 ws0\" style=\"z-index: 15;\">Industry risk</div>\n<div class=\"t m0 x97 h93 yf9c ff14d fs5d fc26 sc0 ls0 ws0\" style=\"z-index: 15;\">Systemic risk</div>\n<div class=\"t m0 x9f h93 yf9d ff14d fs5d fc26 sc0 ls0 ws0\" style=\"z-index: 15;\">Sustainability risk</div>\n<div class=\"t m0 x7 h4f yf51 ff143 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">The Taxonomy was up<span class=\"_ _2\"></span>dated<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in 2020 to exp<span class=\"_ _0\"></span>licitly in<span class=\"_ _0\"></span>clude Sus<span class=\"_ _0\"></span>tainab<span class=\"_ _0\"></span>ility </span></span></div>\n<div class=\"t m0 x7 h4f yf52 ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Risk, tha<span class=\"_ _2\"></span>t itself includes<span class=\"_ _2\"></span> environmental risk an<span class=\"_ _2\"></span>d climate change,<span class=\"_ _2\"></span> as part</div>\n<div class=\"t m0 x7 h4f yf53 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">of an updat<span class=\"_ _0\"></span>e to <span class=\"lse2 wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span></span>Risk P<span class=\"_ _0\"></span>olicy, one of<span class=\"_ _0\"></span> the overarc<span class=\"_ _2b\"></span>hing policies</div>\n<div class=\"t m0 x7 h4f yf54 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">within o<span class=\"_ _0\"></span>ur suite of risk<span class=\"_ _0\"></span> policies<span class=\"_ _0\"></span>. Other ris<span class=\"_ _0\"></span>k police<span class=\"_ _0\"></span>s that have be<span class=\"_ _0\"></span>e<span class=\"wsef\">n </span></div>\n<div class=\"t m0 x7 h4f yf55 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">updated t<span class=\"_ _0\"></span>o incorp<span class=\"_ _0\"></span>orate ES<span class=\"_ _0\"></span>G consider<span class=\"_ _0\"></span>ations inc<span class=\"_ _0\"></span>lude the P<span class=\"_ _2b\"></span>roduct</div>\n<div class=\"t m0 x7 h4f yf56 ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Approval Po<span class=\"_ _2\"></span>licy, the Outsourci<span class=\"_ _2\"></span>ng Policy and the<span class=\"_ _2\"></span> Procurement Policy<span class=\"_ _2\"></span> and</div>\n<div class=\"t m0 x7 h4f yf57 ff143 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">a Respon<span class=\"_ _2b\"></span>sible Investm<span class=\"_ _2b\"></span>ent Framework<span class=\"_ _0\"></span> has bee<span class=\"_ _2b\"></span>n created. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yf58 ff143 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yf59 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">As part of our a<span class=\"_ _0\"></span>pproach t<span class=\"_ _0\"></span>o respons<span class=\"_ _0\"></span>ible insu<span class=\"_ _2b\"></span>rance we actively se<span class=\"_ _0\"></span>ek <span class=\"lsfc ws115\">to </span></div>\n<div class=\"t m0 x7 h4f yf5a ff143 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">provide transpare<span class=\"_ _2\"></span>nt product offerings<span class=\"_ _2\"></span> and services that evidence</div>\n<div class=\"t m0 x7 h4f yf5b ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">consideration<span class=\"_ _2\"></span> of ESG risk fa<span class=\"_ _2\"></span>ctors including chang<span class=\"_ _2\"></span>ing customer</div>\n<div class=\"t m0 x7 h4f yf5c ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">behaviours, p<span class=\"_ _2\"></span>romote economic in<span class=\"_ _2\"></span>clusion and encou<span class=\"_ _2\"></span>rage environmentally</div>\n<div class=\"t m0 x7 h4f yf5d ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">and social<span class=\"_ _2b\"></span>ly responsible be<span class=\"_ _2b\"></span>haviours by cust<span class=\"_ _0\"></span>omers. W<span class=\"_ _0\"></span>e also<span class=\"ls0 ws0\"> <span class=\"ls102 ws129\">seek to limi<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x7 h4f yf5e ff143 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">our net exposur<span class=\"_ _2\"></span>e to physical risks that may<span class=\"_ _2\"></span> occur should the Paris</div>\n<div class=\"t m0 x7 h4f yf5f ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Agreem<span class=\"_ _0\"></span>ent target<span class=\"_ _0\"></span> not be met. Th<span class=\"_ _0\"></span>rough res<span class=\"_ _0\"></span>ponsib<span class=\"_ _0\"></span>le inves<span class=\"_ _0\"></span>tment, we s<span class=\"_ _0\"></span>eek</div>\n<div class=\"t m0 x7 h4f yf60 ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">to manage p<span class=\"_ _2\"></span>otential vulnerabili<span class=\"_ _2\"></span>ties and take ad<span class=\"_ _2\"></span>vantage of opportunit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h4f yf61 ff143 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">arising f<span class=\"_ _2b\"></span>rom the transi<span class=\"_ _0\"></span>tion to <span class=\"_ _0\"></span>a <span class=\"lse2\">low carbon<span class=\"_ _2\"></span> economy.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yf62 ff143 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yf63 ff143 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ls102 ws11d\">pol<span class=\"_ _2\"></span>ic<span class=\"ls0 ws0\">i<span class=\"lse0 wsef\">es</span> </span></span><span class=\"wsfa\">require tha<span class=\"_ _2\"></span>t; processes and con<span class=\"_ _2\"></span>trols will continue<span class=\"_ _2\"></span> to be </span></div>\n<div class=\"t m0 x1a h4f yf64 ff143 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">updated <span class=\"_ _0\"></span>and ass<span class=\"_ _2b\"></span>urance provid<span class=\"_ _0\"></span>ed on the<span class=\"_ _0\"></span>ir desi<span class=\"_ _0\"></span>gn and eff<span class=\"_ _2b\"></span>ectiveness;</div>\n<div class=\"t m0 x1a h4f yf65 ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Products an<span class=\"_ _2\"></span>d services will con<span class=\"_ _2\"></span>tinue to be adju<span class=\"_ _2\"></span>sted<span class=\"ls0 ws0\"> </span>through formal<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yf66 ff143 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">governance s<span class=\"_ _2\"></span>tructure<span class=\"ls0 ws0\">s</span>, evidencing<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">env<span class=\"_ _0\"></span>ironme<span class=\"_ _0\"></span>ntal (not le<span class=\"_ _2b\"></span>ast climate </span></span></div>\n<div class=\"t m0 x1a h4f yf67 ff143 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">change<span class=\"ls0 ws0\">) <span class=\"_ _2\"></span><span class=\"lse0 wsef\">cons<span class=\"_ _0\"></span>iderat<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">s<span class=\"lse2 wsfa\">, and respondin<span class=\"_ _2\"></span>g to changing c<span class=\"_ _2\"></span>ustomer demands </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yf68 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">and needs;<span class=\"_ _0\"></span> Limits ar<span class=\"_ _0\"></span>e set and tar<span class=\"_ _0\"></span>gets evolv<span class=\"_ _2b\"></span>e; Third party man<span class=\"_ _0\"></span>agement</div>\n<div class=\"t m0 x1a h4f yf69 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">must inclu<span class=\"_ _2b\"></span>de appropriate ES<span class=\"_ _0\"></span>G consid<span class=\"_ _0\"></span>eration a<span class=\"_ _0\"></span>nd eviden<span class=\"_ _0\"></span>ce. On an</div>\n<div class=\"t m0 x1a h4f yf6a ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">annual bas<span class=\"_ _2\"></span>is, an exerc<span class=\"lse0 wsf0\">ise is perform<span class=\"_ _2b\"></span>ed to assess adhere<span class=\"_ _0\"></span>nce to all risk<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x1a h4f yf6b ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">policy re<span class=\"_ _0\"></span>quireme<span class=\"_ _2b\"></span>nts and action plans ar<span class=\"_ _2b\"></span>e drawn up for any gaps th<span class=\"_ _0\"></span>at are</div>\n<div class=\"t m0 x1a h4f yf6c ff143 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">identif<span class=\"_ _0\"></span>ied.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf6d ff143 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yf6e ff143 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">The risk <span class=\"_ _2\"></span>in execution cycle<span class=\"_ _2\"></span> (depicted in the E<span class=\"_ _2\"></span>RM framework visual<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">\u2013 </span></div>\n<div class=\"t m0 x1a h4f yf6f ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">section 4.<span class=\"_ _2b\"></span>1) and the Risk T<span class=\"lse2 ws103\">axonomy are fundamen<span class=\"_ _2\"></span>tal to </span>our Key Ri<span class=\"_ _0\"></span>sk</div>\n<div class=\"t m0 x1a h4f yf70 ff143 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Reporti<span class=\"_ _2b\"></span>ng (KRR) and Emergi<span class=\"_ _0\"></span>ng Risk Re<span class=\"_ _0\"></span>porting (<span class=\"_ _0\"></span>ERR) proce<span class=\"_ _2b\"></span>sses.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 172px; height: 934px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff147 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.6.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 ws103\">Key<span class=\"_ _2\"></span> Risk Reporting (KRR)</span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff147 fs3a fc1e sc0 lse1 ws104\" style=\"z-index: 15;\">KRR consists of a systematic appro<span class=\"_ _0\"></span>ach to identify and mitigate key</div>\n<div class=\"t m0 x7 h4f y804 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">(existi<span class=\"_ _0\"></span>ng) risk<span class=\"_ _0\"></span>s that<span class=\"_ _0\"></span> threat<span class=\"_ _0\"></span>en the re<span class=\"_ _0\"></span>alisatio<span class=\"_ _2b\"></span>n of <span class=\"lse2 wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"ws103\">business and </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">strateg<span class=\"_ _0\"></span>ic objecti<span class=\"_ _2b\"></span>ves. The process c<span class=\"_ _0\"></span>onside<span class=\"_ _0\"></span>rs all types of r<span class=\"_ _0\"></span>isks in our ri<span class=\"_ _0\"></span>sk</div>\n<div class=\"t m0 x7 h4f y806 ff147 fs3a fc1e sc0 lse1 ws11d\" style=\"z-index: 15;\">taxonomy to identify key risks, analyses ri<span class=\"lse2 ws103\">sk causes and <span class=\"wsf1\">depl<span class=\"_ _2\"></span>oys </span></span></div>\n<div class=\"t m0 x7 h4f y807 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">appropri<span class=\"_ _2b\"></span>ate risk response s<span class=\"_ _0\"></span>trate<span class=\"_ _0\"></span>gies<span class=\"wsfa\">. Du<span class=\"_ _0\"></span>ring this <span class=\"_ _2b\"></span>process, ide<span class=\"_ _0\"></span>ntified r<span class=\"_ _2b\"></span>isks </span></div>\n<div class=\"t m0 x7 h4f y808 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">are asses<span class=\"_ _0\"></span>sed and man<span class=\"_ _0\"></span>aged usin<span class=\"_ _0\"></span>g <span class=\"lse2 wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span></span><span class=\"wsfa\">risk rating methodo<span class=\"_ _2\"></span>logy. </span></span></div>\n<div class=\"t m0 x7 h4f y809 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Likelih<span class=\"_ _0\"></span>ood and imp<span class=\"_ _0\"></span>act crite<span class=\"_ _0\"></span>ria (fina<span class=\"_ _0\"></span>ncial and no<span class=\"_ _2b\"></span>n<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>fina<span class=\"_ _0\"></span>ncial) a<span class=\"_ _0\"></span>re used to</div>\n<div class=\"t m0 x7 h4f y80a ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>ne a level of <span class=\"lse2 ws103\">concern, whi<span class=\"_ _2\"></span>ch guides when actions need to be<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y80b ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">taken. Eac<span class=\"_ _2b\"></span>h region<span class=\"ls0 ws0\"> </span>(set of OpCos<span class=\"_ _0\"></span> and/or Joi<span class=\"_ _2b\"></span>nt Ventures with com<span class=\"_ _0\"></span>mon</div>\n<div class=\"t m0 x7 h4f y80c ff147 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">regional o<span class=\"_ _2\"></span>versight)<span class=\"ls0 ws0\"> </span>and/or OpCo<span class=\"_ _2\"></span> re<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">evaluat<span class=\"_ _0\"></span>es key risk<span class=\"_ _0\"></span>s on at least a </span></span></div>\n<div class=\"t m0 x7 h4f y80d ff147 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">quarterly ba<span class=\"_ _2\"></span>sis, and the mo<span class=\"_ _2\"></span>st significant ri<span class=\"_ _2\"></span>sks are also moni<span class=\"_ _2\"></span>tored and</div>\n<div class=\"t m0 x7 h4f y80e ff147 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">rep<span class=\"lse0 wsf0\">orted on at Gr<span class=\"_ _0\"></span>oup level. T<span class=\"_ _0\"></span>he key outp<span class=\"_ _0\"></span>uts of the pr<span class=\"_ _0\"></span>ocess<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">are</span> </span></span></div>\n<div class=\"t m0 x7 h4f y80f ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">document<span class=\"_ _2b\"></span>ed in a quarte<span class=\"_ _2b\"></span>rly Group Top R<span class=\"_ _0\"></span>isk Rep<span class=\"_ _0\"></span>ort. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y810 ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90a ff147 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">In Q1 202<span class=\"_ _2\"></span>2, Ageas first per<span class=\"_ _2\"></span>formed an in<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">depth assessm<span class=\"_ _2b\"></span>ent of the </span></span></div>\n<div class=\"t m0 x7 h4f y90b ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">consequ<span class=\"_ _2b\"></span>ences of Russia<span class=\"_ _2b\"></span>\u2019s aggression <span class=\"_ _0\"></span>toward<span class=\"_ _0\"></span>s Ukrain<span class=\"_ _2b\"></span>e, covering (a) t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y90c ff147 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">geopolitica<span class=\"lse0 wsf0\">l <span class=\"_ _2\"></span>cont<span class=\"_ _2b\"></span>ext and sequence of<span class=\"_ _0\"></span> events, int<span class=\"_ _2b\"></span>ernational react<span class=\"_ _2b\"></span>ion and </span></div>\n<div class=\"t m0 x7 h4f y90d ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">potenti<span class=\"_ _0\"></span>al escal<span class=\"_ _2b\"></span>ation scenario<span class=\"_ _2b\"></span>s, (b) a brief ov<span class=\"_ _0\"></span>erview <span class=\"_ _0\"></span>of the m<span class=\"_ _0\"></span>ain lega<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x7 h4f y90e ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">consequ<span class=\"_ _2b\"></span>ences of the i<span class=\"_ _0\"></span>nvasion,<span class=\"_ _0\"></span> focuss<span class=\"_ _2b\"></span>ing on EU law, (<span class=\"_ _0\"></span>c) Ageas<span class=\"lsfb\">'s<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">direct<span class=\"_ _2b\"></span> </span></div>\n<div class=\"t m0 x7 h4f y90f ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">exposur<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>(inv<span class=\"_ _2b\"></span>estments an underw<span class=\"_ _2b\"></span>riting, and (d) mac<span class=\"_ _0\"></span>ro<span class=\"ls0 ws0\">-e<span class=\"lse2 wsf1\">conomic </span></span></div>\n<div class=\"t m0 x7 h4f y910 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">impacts of<span class=\"_ _0\"></span> the conflic<span class=\"_ _0\"></span>t. The ass<span class=\"_ _0\"></span>essme<span class=\"_ _0\"></span>nt conclu<span class=\"_ _0\"></span>ded that Age<span class=\"_ _2b\"></span>as operating</div>\n<div class=\"t m0 x7 h4f y911 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">compani<span class=\"_ _2b\"></span>es have negligibl<span class=\"_ _0\"></span>e direct exp<span class=\"_ _0\"></span>osure to bot<span class=\"_ _0\"></span>h Russia a<span class=\"_ _0\"></span>nd Ukrain<span class=\"_ _0\"></span>e,</div>\n<div class=\"t m0 x7 h4f y912 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">and no ident<span class=\"_ _0\"></span>ified <span class=\"lse2 ws103\">exposures to sanctioned individu<span class=\"_ _2\"></span>als or entities. Ageas </span></div>\n<div class=\"t m0 x7 h4f y913 ff147 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">has increas<span class=\"_ _2\"></span>ed its alert le<span class=\"_ _2\"></span>vel regarding cyber <span class=\"_ _2\"></span>security. Ageas</div>\n<div class=\"t m0 x7 h4f y914 ff147 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">continuously<span class=\"_ _2\"></span> reviews this assessment consider<span class=\"_ _2\"></span>ing new risk insights.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y915 ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y916 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">The top key ris<span class=\"_ _0\"></span>ks that<span class=\"_ _0\"></span> Ageas fac<span class=\"_ _0\"></span>ed during 20<span class=\"_ _0\"></span>2<span class=\"ls0 ws0\">2 </span><span class=\"wsef\">are:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y917 ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse0 wsf0\">Interest Rate Ris<span class=\"_ _0\"></span>k.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y918 ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse0 wsfa\">Higher Inflat<span class=\"_ _0\"></span>ion Ris<span class=\"_ _0\"></span>k.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y919 ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse0 wsf0\">IFRS 9/17 executi<span class=\"_ _2b\"></span>on.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y91a ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse0 wsfa\">Volatile / unf<span class=\"_ _0\"></span>avourab<span class=\"_ _0\"></span>le mark<span class=\"_ _0\"></span>et move<span class=\"_ _0\"></span>ments. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 y967 ff14b fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span> Rate Risk<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y968 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>erest rat<span class=\"_ _2b\"></span>e volatility t<span class=\"_ _0\"></span>hat had b<span class=\"_ _0\"></span>een anti<span class=\"_ _2b\"></span>cipated by the <span class=\"_ _0\"></span>markets<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y969 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">material<span class=\"_ _2b\"></span>ised with the incre<span class=\"_ _2b\"></span>ase in interest rat<span class=\"_ _0\"></span>es raisin<span class=\"_ _0\"></span>g the questio<span class=\"_ _2b\"></span>n of</div>\n<div class=\"t m0 x7 h4f y96a ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">higher cli<span class=\"_ _0\"></span>ent retu<span class=\"_ _0\"></span>rn in the Life Sa<span class=\"_ _0\"></span>vings and P<span class=\"_ _0\"></span>ension bus<span class=\"_ _2b\"></span>iness. After</div>\n<div class=\"t m0 x7 h4f y96b ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">some rel<span class=\"_ _0\"></span>uctanc<span class=\"_ _0\"></span>e, inter<span class=\"_ _0\"></span>est rate <span class=\"_ _0\"></span>increa<span class=\"_ _0\"></span>ses sta<span class=\"_ _0\"></span>rted to b<span class=\"_ _2b\"></span>e reflected in</div>\n<div class=\"t m0 x7 h4f y96c ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">deposit<span class=\"_ _0\"></span> rates offer<span class=\"_ _2b\"></span>ed by retail banks. Ra<span class=\"_ _0\"></span>pidly ris<span class=\"_ _0\"></span>ing rates<span class=\"_ _0\"></span> demand an</div>\n<div class=\"t m0 x7 h4f y96d ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed re<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">activity in Lif<span class=\"_ _2b\"></span>e Savings in or<span class=\"_ _2b\"></span>der to avoid l<span class=\"_ _0\"></span>osing sig<span class=\"_ _0\"></span>nificant<span class=\"_ _2b\"></span> </span></div>\n<div class=\"t m0 x7 h4f y96e ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">inflow. H<span class=\"_ _0\"></span>owever, a<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>rate<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">i<span class=\"_ _0\"></span>ncreases<span class=\"_ _0\"></span> are f<span class=\"_ _0\"></span>actored i<span class=\"_ _2b\"></span>n the short term <span class=\"_ _0\"></span>and the </span></div>\n<div class=\"t m0 x7 h4f y96f ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">10yr rat<span class=\"_ _0\"></span>e has seen app<span class=\"_ _0\"></span>rox. 30 bps dr<span class=\"_ _0\"></span>op since the b<span class=\"_ _0\"></span>eginni<span class=\"_ _0\"></span>ng of 2022, th<span class=\"_ _0\"></span>is</div>\n<div class=\"t m0 x7 h4f y970 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">makes inc<span class=\"_ _0\"></span>reasing r<span class=\"_ _0\"></span>ates for pro<span class=\"_ _2b\"></span>ducts more complic<span class=\"_ _2b\"></span>ated.<span class=\"ls0 ws0\"> </span>In the current<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y971 ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">situati<span class=\"_ _2b\"></span>on <span class=\"_ _2\"></span>of<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">rising interest ra<span class=\"_ _2\"></span>tes</span>, <span class=\"lse2 ws103\">more al<span class=\"_ _2\"></span>ternative banking <span class=\"wsf1\">product</span></span>s<span class=\"_ _2\"></span> <span class=\"lsfc ws115\">with </span></span></div>\n<div class=\"t m0 x7 h4f y972 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">attract<span class=\"_ _0\"></span>ive yiel<span class=\"_ _2b\"></span>ds have become a<span class=\"_ _0\"></span>vailab<span class=\"_ _2b\"></span>le leading to pot<span class=\"_ _2b\"></span>ential risk t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x7 h4f y973 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">volumes<span class=\"_ _0\"></span> in bancass<span class=\"_ _0\"></span>urance<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y974 ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h55 y8d8 ff14b fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Higher <span class=\"lsfc ws115\">In<span class=\"_ _2\"></span>flati<span class=\"lsfb ws127\">o<span class=\"_ _2\"></span>n Risk<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y8d9 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Inflati<span class=\"_ _0\"></span>on start<span class=\"_ _0\"></span>ed to sh<span class=\"_ _0\"></span>ow sign<span class=\"_ _0\"></span>s of eas<span class=\"_ _0\"></span>ing towa<span class=\"_ _0\"></span>rds th<span class=\"_ _0\"></span>e end of <span class=\"_ _0\"></span>2022,</div>\n<div class=\"t m0 x1a h4f y9bc ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing the h<span class=\"_ _0\"></span>ighs ob<span class=\"_ _0\"></span>served i<span class=\"_ _2b\"></span>n<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"lse2\">many countries <span class=\"_ _2\"></span><span class=\"wsf1\">post<span class=\"ls0 ws0\">-</span></span><span class=\"lsfb\">Covid<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span></span></span><span class=\"wsef\">19<span class=\"ls0 ws0\"> </span>moneta<span class=\"_ _2b\"></span>ry </span></div>\n<div class=\"t m0 x1a h4f y9bd ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">and fisc<span class=\"_ _0\"></span>al resp<span class=\"_ _0\"></span>onse, <span class=\"_ _0\"></span>as well as<span class=\"_ _0\"></span> Russia\u2019s<span class=\"_ _2b\"></span> invasion of Uk<span class=\"_ _2b\"></span>raine. Both th<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y9be ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">ECB and t<span class=\"_ _2b\"></span>he BoE have exp<span class=\"_ _0\"></span>ressed t<span class=\"_ _0\"></span>heir int<span class=\"_ _2b\"></span>ention to cont<span class=\"_ _0\"></span>inue wit<span class=\"_ _2b\"></span>h</div>\n<div class=\"t m0 x1a h4f y9bf ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t rate incr<span class=\"_ _0\"></span>eases unt<span class=\"_ _0\"></span>il the me<span class=\"_ _0\"></span>dium<span class=\"ls0 ws0\">-</span>term inf<span class=\"_ _0\"></span>lation o<span class=\"_ _2b\"></span>utlook</div>\n<div class=\"t m0 x1a h4f y9c0 ff147 fs3a fc1e sc0 lse1 ws104\" style=\"z-index: 15;\">is consis<span class=\"lse0 wsfa\">tent w<span class=\"_ _0\"></span>ith thei<span class=\"_ _2b\"></span>r policy target<span class=\"_ _0\"></span>s and a<span class=\"_ _0\"></span>re expect<span class=\"_ _2b\"></span>ed to raise rat<span class=\"_ _2b\"></span>es </span></div>\n<div class=\"t m0 x1a h4f y9c1 ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">furthe<span class=\"_ _0\"></span>r.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y97e ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y97f ff147 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">Although the dir<span class=\"_ _2\"></span>ect consequences from infla<span class=\"_ _2\"></span>tion from non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">Life bu<span class=\"_ _2\"></span>siness </span></div>\n<div class=\"t m0 x1a h4f y980 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">on the B<span class=\"_ _0\"></span>alance S<span class=\"_ _0\"></span>heet ar<span class=\"_ _0\"></span>e deeme<span class=\"_ _0\"></span>d lower t<span class=\"_ _0\"></span>han for t<span class=\"_ _0\"></span>he Life b<span class=\"_ _0\"></span>usiness<span class=\"_ _0\"></span>, a</div>\n<div class=\"t m0 x1a h4f y981 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">specific<span class=\"_ _0\"></span> attenti<span class=\"_ _0\"></span>on point for n<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-</span>life relat<span class=\"_ _0\"></span>e<span class=\"lse2 ws103\">s to tariff markets wh<span class=\"_ _2\"></span>ere non<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">life </span></span></span></div>\n<div class=\"t m0 x1a h4f y982 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>m rate ad<span class=\"_ _0\"></span>justment<span class=\"_ _2b\"></span>s to inflation<span class=\"_ _2b\"></span> significantly<span class=\"_ _0\"></span> tend to l<span class=\"_ _2b\"></span>ack claims</div>\n<div class=\"t m0 x1a h4f y983 ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">inflati<span class=\"_ _0\"></span>on. <span class=\"lse2 ws103\">Ageas is <span class=\"wsfa\">closely mo<span class=\"_ _2\"></span>nitor<span class=\"wsf1\">ing<span class=\"ls0 ws0\"> </span></span></span></span><span class=\"wsf0\">all aspects of<span class=\"_ _0\"></span> the busines<span class=\"_ _0\"></span>s durin<span class=\"_ _0\"></span>g </span></div>\n<div class=\"t m0 x1a h4f y984 ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">such <span class=\"wsf0\">volat<span class=\"_ _0\"></span>ile market<span class=\"_ _0\"></span> inflati<span class=\"_ _0\"></span>on condit<span class=\"_ _0\"></span>ions, ant<span class=\"_ _0\"></span>icipat<span class=\"_ _0\"></span>ing P&amp;L impa<span class=\"_ _2b\"></span>cts, and<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9c2 ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">es<span class=\"lse2 ws103\">pecially considering<span class=\"_ _2\"></span>: <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9c3 ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse2 ws103\">R<span class=\"_ _2\"></span>eserve risk: impact on out<span class=\"_ _2\"></span>standing claims of high infla<span class=\"_ _2\"></span>tion</span><span class=\"ff147\"> </span></span></div>\n<div class=\"t m0 x1a h4f y9c4 ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse2 ws103\">Pr<span class=\"_ _2\"></span>emium risk: heightened need<span class=\"_ _2\"></span> for Business agility (the<span class=\"_ _2\"></span> speed of </span></span></div>\n<div class=\"t m0 x25a h4f y9c5 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">taking de<span class=\"_ _0\"></span>cisions<span class=\"_ _0\"></span> is increasi<span class=\"_ _0\"></span>ngly cruc<span class=\"_ _0\"></span>ial, such as<span class=\"_ _0\"></span> reprici<span class=\"_ _0\"></span>ng,<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">but also </span></span></div>\n<div class=\"t m0 x25a h4f y9c6 ff147 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">the agilit<span class=\"_ _2\"></span>y of key busines<span class=\"_ _2\"></span>s areas, such as P<span class=\"_ _2\"></span>roduct, Commercial a<span class=\"_ _2\"></span>nd</div>\n<div class=\"t m0 x25a h4f y9c7 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Sales, \u2026<span class=\"_ _2b\"></span>). The volatil<span class=\"_ _0\"></span>e conditi<span class=\"_ _2b\"></span>ons may increas<span class=\"_ _2b\"></span>e competition<span class=\"ls0 ws0\"> <span class=\"ls106 ws124\">in </span></span></div>\n<div class=\"t m0 x25a h4f ycb9 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">market s<span class=\"_ _2b\"></span>hare. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycba ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse2 ws103\">Im<span class=\"_ _2\"></span>pacts on the financial purcha<span class=\"_ _2\"></span>sing power of households.</span><span class=\"ff147\"> </span></span></div>\n<div class=\"t m0 x1a h4f ycbb ff149 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff14a\"> <span class=\"_ _46\"> </span><span class=\"ff147 lse2 ws103\">In<span class=\"_ _2\"></span>creased likelihood rela<span class=\"_ _2\"></span>ted to fraud (including cyber f<span class=\"_ _2\"></span>raud). </span><span class=\"ff147\"> </span></span></div>\n<div class=\"t m0 x1a h55 y98e ff14b fs3a fc1f sc0 lsf4 ws114\" style=\"z-index: 15;\">IFRS 9/17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98f ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">The new acc<span class=\"_ _0\"></span>ounting st<span class=\"_ _2b\"></span>andards introd<span class=\"_ _0\"></span>uce a numbe<span class=\"_ _0\"></span>r of <span class=\"lse1 ws11d\">execution risks </span></div>\n<div class=\"t m0 x1a h4f y990 ff147 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">linked t<span class=\"_ _0\"></span>o the int<span class=\"_ _2b\"></span>erpretation a<span class=\"_ _0\"></span>nd impl<span class=\"_ _0\"></span>ementat<span class=\"_ _0\"></span>ion of IF<span class=\"_ _0\"></span>RS 9/17<span class=\"lsfc ws115\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y991 ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y992 ff147 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Whilst very<span class=\"_ _2\"></span> good progress h<span class=\"_ _2\"></span>as been made and<span class=\"_ _2\"></span> no significant i<span class=\"_ _2\"></span>ssues</div>\n<div class=\"t m0 x1a h4f y993 ff147 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">were reported by<span class=\"_ _2\"></span> external audi<span class=\"lse0 wsf0\">tors, Ageas<span class=\"_ _0\"></span> takes a pru<span class=\"_ _0\"></span>dent app<span class=\"_ _0\"></span>roach to </span></div>\n<div class=\"t m0 x1a h4f y994 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">closely m<span class=\"_ _2b\"></span>onitor IFRS 9/17 ex<span class=\"_ _0\"></span>ecution as<span class=\"_ _0\"></span> a key risk giv<span class=\"_ _0\"></span>en resou<span class=\"_ _0\"></span>rce</div>\n<div class=\"t m0 x1a h4f y995 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">capacity<span class=\"_ _0\"></span> and Joint V<span class=\"_ _0\"></span>enture ali<span class=\"_ _2b\"></span>gnment. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 yf75 ff14b fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Volatil<span class=\"_ _2b\"></span>e / unfavourabl<span class=\"_ _2b\"></span>e market movem<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t m0 x1a h4f yf76 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on to medium<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">term ris<span class=\"_ _2b\"></span>ks (e.g. post<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">Brexit EU/UK trade<span class=\"_ _2\"></span> tension<span class=\"lsf4 ws10c\">s, </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y998 ff147 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">US/China tensio<span class=\"_ _2\"></span>ns, Russia/Ukraine war\u2026), the rema<span class=\"_ _2\"></span>ining post<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y999 ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">p<span class=\"lse2 wsf1\">andemic<span class=\"_ _2\"></span></span> e<span class=\"lsf4 ws10c\">ffects, <span class=\"lse0 wsf0\">coupled wit<span class=\"_ _0\"></span>h <span class=\"lse2 ws103\">volatile market<span class=\"_ _2\"></span> movements<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">leads to </span></span></span></div>\n<div class=\"t m0 x1a h4f y99a ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">potenti<span class=\"_ _0\"></span>al advers<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>impac<span class=\"_ _0\"></span>ts <span class=\"lse2 wsfa\">on earnings, sol<span class=\"_ _2\"></span>vency and liquidi<span class=\"_ _2\"></span>ty.<span class=\"ls0 ws0\">  </span></span></div>\n<div class=\"t m0 x1a h4f y99b ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y99c ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas clos<span class=\"_ _2b\"></span>ely monitors thi<span class=\"_ _0\"></span>s risk throu<span class=\"_ _2b\"></span>gh regular monit<span class=\"_ _0\"></span>oring proc<span class=\"_ _2b\"></span>esses</div>\n<div class=\"t m0 x1a h4f y99d ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"lse2 wsf1\">subsequent <span class=\"_ _2\"></span><span class=\"wsfa\">reporting, as well<span class=\"_ _2\"></span> as through gove<span class=\"_ _2\"></span>rnance bodies such<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f y99e ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">as the Ageas<span class=\"_ _0\"></span> Investm<span class=\"_ _0\"></span>ent Comm<span class=\"_ _0\"></span>ittee. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y99f ff147 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9a0 ff147 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">For all key ris<span class=\"_ _0\"></span>ks, Age<span class=\"_ _0\"></span>as has proces<span class=\"_ _2b\"></span>ses to closely moni<span class=\"_ _0\"></span>tor risk ev<span class=\"_ _0\"></span>olution<span class=\"_ _2b\"></span>s</div>\n<div class=\"t m0 x1a h4f y9a1 ff147 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">and <span class=\"lse2 wsf1\">has<span class=\"ls0 ws0\"> </span></span><span class=\"wsf0\">defined act<span class=\"_ _0\"></span>ions to mitig<span class=\"_ _2b\"></span>ate risk exposures<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 361px; height: 745px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff14e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.6.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsfa\">Emerg<span class=\"_ _2\"></span>ing Risk Reporti<span class=\"_ _2\"></span>ng</span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas has als<span class=\"_ _2b\"></span>o implemented an Em<span class=\"_ _2b\"></span>erging Risk Proc<span class=\"_ _0\"></span>ess. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y805 ff14e fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">(Re)<span class=\"lse2 ws103\">Insure<span class=\"_ _2\"></span>rs face a degree of change and<span class=\"_ _2\"></span> uncertainty that appears<span class=\"_ _2\"></span> to be </span></div>\n<div class=\"t m0 x7 h4f y806 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">evolvi<span class=\"_ _0\"></span>ng at an ever<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">quickening pace. Unders<span class=\"_ _2\"></span>tanding these changes can </span></span></div>\n<div class=\"t m0 x7 h4f y807 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">help to eit<span class=\"_ _0\"></span>her enable Ag<span class=\"_ _2b\"></span>eas to explore new opp<span class=\"_ _2b\"></span>ortunities or dev<span class=\"_ _0\"></span>elop</div>\n<div class=\"t m0 x7 h4f y808 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>s to mitig<span class=\"_ _0\"></span>ate the pot<span class=\"_ _0\"></span>ential ass<span class=\"_ _2b\"></span>ociated risks. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Emerging risk<span class=\"_ _2\"></span>s are derived from emerging trend<span class=\"_ _2\"></span>s (current and future</div>\n<div class=\"t m0 x7 h4f y80b ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ments l<span class=\"_ _0\"></span>in<span class=\"wsf0\">ked to th<span class=\"_ _0\"></span>e internal a<span class=\"_ _2b\"></span>nd external enviro<span class=\"_ _2b\"></span>nment, includi<span class=\"_ _0\"></span>ng </span></div>\n<div class=\"t m0 x7 h4f y80c ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">strateg<span class=\"_ _0\"></span>ic objec<span class=\"_ _0\"></span>tives<span class=\"_ _0\"></span>) that co<span class=\"_ _0\"></span>uld bec<span class=\"_ _0\"></span>ome a poss<span class=\"_ _2b\"></span>ible threat or <span class=\"_ _0\"></span>risk fo<span class=\"_ _2b\"></span>r the</div>\n<div class=\"t m0 x7 h4f y80d ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> and that, by<span class=\"_ _0\"></span> their nat<span class=\"_ _0\"></span>ure, are unce<span class=\"_ _0\"></span>rtain and d<span class=\"_ _2b\"></span>ifficult to quantif<span class=\"_ _0\"></span>y.</div>\n<div class=\"t m0 x7 h4f y80e ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Emerging risk<span class=\"_ _2\"></span>s can also include those trend<span class=\"_ _2\"></span>s that<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">are not yet we<span class=\"_ _0\"></span>ll </span></span></div>\n<div class=\"t m0 x7 h4f y80f ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">underst<span class=\"_ _2b\"></span>ood (and which ul<span class=\"_ _2b\"></span>timately, wit<span class=\"_ _2b\"></span>h greater know<span class=\"_ _0\"></span>ledge, c<span class=\"_ _2b\"></span>ould be</div>\n<div class=\"t m0 x7 h4f y810 ff14e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">opportunitie<span class=\"_ _2\"></span>s). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90a ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90b ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Group Stra<span class=\"_ _2\"></span>tegy has a well<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"ws103\">established annual Hor<span class=\"_ _2\"></span>izon Scan process, </span></div>\n<div class=\"t m0 x7 h4f y90c ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">whereby,<span class=\"_ _0\"></span> identif<span class=\"_ _0\"></span>ied eme<span class=\"_ _0\"></span>rging tre<span class=\"_ _0\"></span>nds are scor<span class=\"_ _0\"></span>ed, on the one h<span class=\"_ _2b\"></span>and, based</div>\n<div class=\"t m0 x7 h4f y90d ff14e fs3a fc14 sc0 ls106 ws10c\" style=\"z-index: 15;\">on artificia<span class=\"_ _0\"></span>l i<span class=\"lse2 wsfa\">ntelligence <span class=\"_ _2\"></span>analysis, and on t<span class=\"_ _2\"></span>he other hand, res<span class=\"_ _2\"></span>ulting from </span></div>\n<div class=\"t m0 x7 h4f y90e ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the opinion<span class=\"_ _2\"></span> of <span class=\"wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span></span></span><span class=\"lse0\">empl<span class=\"_ _0\"></span>oyees f<span class=\"_ _0\"></span>rom acros<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>roup (us<span class=\"_ _0\"></span>ing a </span></div>\n<div class=\"t m0 x7 h4f y90f ff14e fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">survey<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">based approach). The Horiz<span class=\"_ _2\"></span>on Scan process is further rei<span class=\"_ _2\"></span>nforced </span></span></div>\n<div class=\"t m0 x7 h4f y910 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by a Think2<span class=\"_ _0\"></span>030 workin<span class=\"_ _0\"></span>g group <span class=\"ls0 ws0\">- <span class=\"lse2 ws103\">a forward loo<span class=\"_ _2\"></span>king strategically focu<span class=\"_ _2\"></span>sed </span></span></div>\n<div class=\"t m0 x7 h4f y911 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">group com<span class=\"_ _0\"></span>prised of<span class=\"_ _0\"></span> stakehol<span class=\"_ _0\"></span>ders spann<span class=\"_ _2b\"></span>ing the Ageas Group ent<span class=\"_ _2b\"></span>ities.</div>\n<div class=\"t m0 x7 h94 yad5 ff14e fs5e fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"fs3a lse2 wsfa\">hese<span class=\"_ _2\"></span> components support <span class=\"_ _2\"></span>in building the <span class=\"_ _2\"></span>Horizon Scan radar<span class=\"_ _2\"></span> to define </span></div>\n<div class=\"t m0 x7 h4f yfa1 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">focus and p<span class=\"_ _0\"></span>rioritie<span class=\"_ _2b\"></span>s in an Horizon Scan re<span class=\"_ _2b\"></span>port. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yfa2 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yfa3 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Whilst nume<span class=\"_ _2\"></span>rous external source<span class=\"_ _2\"></span>s (insurance indus<span class=\"_ _2\"></span>try report<span class=\"lse1 ws104\">s, forums, </span></div>\n<div class=\"t m0 x7 h4f yfa4 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">peer repor<span class=\"_ _2\"></span>ts\u2026) provide inputs<span class=\"_ _2\"></span> into the Emerging <span class=\"_ _2\"></span>Risk Reporting</div>\n<div class=\"t m0 x7 h4f yfa5 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Process, the<span class=\"_ _2\"></span> Horizon Scan repor<span class=\"_ _2\"></span>t and Regional <span class=\"_ _2\"></span>/ Operating Companies<span class=\"_ _2\"></span>\u2019</div>\n<div class=\"t m0 x7 h4f yfa6 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">emergi<span class=\"_ _0\"></span>ng risk repo<span class=\"_ _2b\"></span>rts are the main source of<span class=\"_ _0\"></span> inputs to t<span class=\"_ _0\"></span>he Group</div>\n<div class=\"t m0 x7 h4f yfa7 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Emerging Ri<span class=\"_ _2\"></span>sk Report. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yfa8 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yfa9 ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas follows s<span class=\"_ _2\"></span>ix dimens<span class=\"lse0 wsf0\">ions (PE<span class=\"_ _0\"></span>STLE) in id<span class=\"_ _0\"></span>entifyi<span class=\"_ _0\"></span>ng possi<span class=\"_ _0\"></span>ble emergi<span class=\"_ _2b\"></span>ng </span></div>\n<div class=\"t m0 x7 h4f yfaa ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risks, cr<span class=\"_ _0\"></span>eating a cl<span class=\"_ _0\"></span>ear link wit<span class=\"_ _0\"></span>h its strate<span class=\"_ _2b\"></span>gy (most of the time the s<span class=\"_ _0\"></span>ix</div>\n<div class=\"t m0 x7 h4f yfab ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">dimensions are<span class=\"_ _2\"></span> inextricably intertwined)<span class=\"_ _2\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yfac ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">Po<span class=\"_ _2\"></span>litical</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x7 h4f yfad ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">E<span class=\"_ _2\"></span>conomic</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x7 h4f yfae ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">So<span class=\"_ _2\"></span>cial</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x7 h4f yfaf ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse0 wsef\">Technological<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f yfb0 ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">L<span class=\"_ _2\"></span>egal</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x7 h4f yfb1 ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">En<span class=\"_ _2\"></span>vironmental</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x7 h4f yfb2 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yfb3 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas has de<span class=\"_ _2b\"></span>veloped an emergi<span class=\"_ _2b\"></span>ng risk rating metho<span class=\"_ _0\"></span>dology us<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x7 h4f yfb4 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">proximit<span class=\"_ _0\"></span>y and impa<span class=\"_ _2b\"></span>ct criteria to guid<span class=\"_ _0\"></span>e the most app<span class=\"_ _0\"></span>ropriat<span class=\"_ _0\"></span>e course of</div>\n<div class=\"t m0 x7 h4f yfb5 ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">action. Each rel<span class=\"_ _2\"></span>evant trend (and associat<span class=\"_ _2\"></span>ed risks) <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">assess<span class=\"_ _0\"></span>ed to </span></span></span></div>\n<div class=\"t m0 x7 h4f yfb6 ff14e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">conclude <span class=\"_ _2\"></span><span class=\"ws103\">management\u2019s response, and<span class=\"_ _2\"></span> prioritized into three<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsef\">cat<span class=\"_ _2b\"></span>egories: <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yfb7 ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lsfa ws114\">A<span class=\"_ _2\"></span>CT </span><span class=\"ff14e\">- <span class=\"lse1 ws104\">risks the <span class=\"lse2 wsf1\">organi<span class=\"_ _2\"></span></span></span>s<span class=\"ls102 ws11d\">ation</span> <span class=\"lse2 ws103\">should<span class=\"_ _2\"></span> mitigate</span> </span></span></div>\n<div class=\"t m0 x7 h4f yfb8 ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">A<span class=\"_ _2\"></span>NALYSE </span><span class=\"ff14e\">- <span class=\"lse2 ws103\">r<span class=\"_ _2\"></span>isks that require further anal<span class=\"_ _2\"></span>ysis (highly uncertain or<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x43 h4f yfb9 ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">risks frequen<span class=\"_ _2\"></span>tly mentioned by external sou<span class=\"_ _2\"></span>rces whose impact for the</div>\n<div class=\"t m0 x43 h4f yfba ff14e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">organi<span class=\"ls0 ws0\">s<span class=\"lsfc ws115\">a<span class=\"_ _2\"></span>tion</span> <span class=\"lse1 ws11d\">is di<span class=\"_ _2\"></span>fficult to assess)</span> </span></div>\n<div class=\"t m0 x7 h4f yfbb ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 wsf1\">AW<span class=\"_ _2\"></span>ARE </span><span class=\"ff14e\">- <span class=\"lse2 ws103\">ris<span class=\"_ _2\"></span>ks that should</span> <span class=\"lse0 wsf0\">be monitored.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yfbc ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfbd ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The annual<span class=\"_ _2\"></span> Group Emerging Ris<span class=\"_ _2\"></span>k Report is pre<span class=\"_ _2\"></span>sented at risk go<span class=\"_ _2\"></span>verning</div>\n<div class=\"t m0 x1a h4f yfbe ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">bodies in<span class=\"_ _2\"></span>cluding the Board o<span class=\"_ _2\"></span>f Directors. Ac<span class=\"_ _2\"></span>tions and emerging ri<span class=\"_ _2\"></span>sk</div>\n<div class=\"t m0 x1a h4f yfbf ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">evoluti<span class=\"_ _0\"></span>ons are t<span class=\"_ _0\"></span>hen fol<span class=\"_ _2b\"></span>lowed up on a q<span class=\"_ _0\"></span>uarterly <span class=\"_ _2b\"></span>basis within t<span class=\"_ _2b\"></span>he Group</div>\n<div class=\"t m0 x1a h4f yfc0 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Top Risk Re<span class=\"_ _2\"></span>port. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yfc1 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfc2 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The 2022 G<span class=\"_ _2\"></span>roup Emerging Ris<span class=\"_ _2\"></span>k Radar generally re<span class=\"_ _2\"></span>flects areas</div>\n<div class=\"t m0 x1a h4f yfc3 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">conside<span class=\"_ _2b\"></span>red most relev<span class=\"_ _0\"></span>ant to bot<span class=\"_ _2b\"></span>h the industry <span class=\"_ _0\"></span>and <span class=\"lse2 wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s </span></span><span class=\"wsef\">strategy, </span></div>\n<div class=\"t m0 x1a h4f yfc4 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business l<span class=\"_ _2\"></span>ines and model. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yfc5 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfc6 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Compar<span class=\"_ _0\"></span>ed to 202<span class=\"_ _0\"></span>1, the e<span class=\"_ _0\"></span>mergin<span class=\"_ _0\"></span>g trends <span class=\"_ _0\"></span>and risks<span class=\"_ _0\"></span> that a<span class=\"_ _0\"></span>re integ<span class=\"_ _0\"></span>rated</div>\n<div class=\"t m0 x1a h4f yfc7 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">into busi<span class=\"_ _0\"></span>ness<span class=\"ls0 ws0\">-</span><span class=\"wsef\">as<span class=\"ls0 ws0\">-</span></span>usual act<span class=\"_ _2b\"></span>ivities and/or st<span class=\"_ _0\"></span>rategy hav<span class=\"_ _2b\"></span>e been removed</div>\n<div class=\"t m0 x1a h4f yfc8 ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">from the radar<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">\u2013 <span class=\"lse0 wsf0\">where the<span class=\"_ _0\"></span>se trends ha<span class=\"_ _0\"></span>ve mater<span class=\"_ _0\"></span>ialised as<span class=\"_ _0\"></span> key risk, the<span class=\"_ _2b\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f yfc9 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are report<span class=\"_ _2\"></span>ed and monitored <span class=\"_ _2\"></span>through the Ageas Gr<span class=\"_ _2\"></span>oup Top Risk Repor<span class=\"_ _2\"></span>t. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yfca ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfcb ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The top (hi<span class=\"_ _0\"></span>gh proxi<span class=\"_ _0\"></span>mity, mode<span class=\"_ _2b\"></span>rate to major impact<span class=\"_ _2b\"></span>) Emerging Risks fo<span class=\"_ _2b\"></span>r</div>\n<div class=\"t m0 x1a h4f yfcc ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas as at e<span class=\"_ _0\"></span>nd 2022 ar<span class=\"wsef\">e:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yfcd ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lsfd ws116\">Ge<span class=\"_ _2\"></span>o</span><span class=\"ff14e\">-<span class=\"lse2 ws103\">political instabili<span class=\"_ _2\"></span>ty / trade Wars</span> </span></span></div>\n<div class=\"t m0 x1a h4f yfce ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 ws103\">D<span class=\"_ _2\"></span>riving Technology</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x1a h4f yfcf ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse0 wsf0\">New customer Ne<span class=\"_ _0\"></span>eds &amp; Expect<span class=\"_ _0\"></span>ations<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yfd0 ff150 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff151\"> <span class=\"_ _46\"> </span><span class=\"ff14e lse2 ws103\">R<span class=\"_ _2\"></span>obotics / AI / Technology</span><span class=\"ff14e\"> </span></span></div>\n<div class=\"t m0 x1a h55 yfd1 ff152 fs3a fc1f sc0 lsfd ws116\" style=\"z-index: 15;\">Geo<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">politi<span class=\"_ _2\"></span>cal instability / trade wars<span class=\"_ _2\"></span> (PESTLE category </span>\u2013 <span class=\"ls106 ws124\">Political)</span> </span></div>\n<div class=\"t m0 x1a h4f yfd2 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Politic<span class=\"_ _0\"></span>al insta<span class=\"_ _0\"></span>bility and u<span class=\"_ _2b\"></span>ncertainties a<span class=\"_ _0\"></span>re growin<span class=\"_ _0\"></span>g worldwi<span class=\"_ _0\"></span>de. Follo<span class=\"_ _0\"></span>wing</div>\n<div class=\"t m0 x1a h4f yfd3 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the height<span class=\"_ _0\"></span> of the Covid<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">19 pandemic, m<span class=\"_ _2\"></span>any economies reboun<span class=\"_ _2\"></span>ded as </span></span></div>\n<div class=\"t m0 x1a h4f yfd4 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">trade reco<span class=\"_ _2\"></span>vered and business r<span class=\"_ _2\"></span>eturned to norma<span class=\"_ _2\"></span>lity across geographi<span class=\"_ _2\"></span>cal</div>\n<div class=\"t m0 x1a h4f yfd5 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">locatio<span class=\"_ _0\"></span>ns. Eve<span class=\"_ _0\"></span>n befor<span class=\"_ _0\"></span>e the Rus<span class=\"_ _0\"></span>sia<span class=\"ls0 ws0\">-</span>Ukrai<span class=\"_ _2b\"></span>ne confl<span class=\"wsf0\">ict, ene<span class=\"_ _2b\"></span>rgy prices were </span></div>\n<div class=\"t m0 x1a h4f yfd6 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the rise (<span class=\"_ _0\"></span>unreso<span class=\"_ _0\"></span>lved supply<span class=\"_ _0\"></span> chain bott<span class=\"_ _0\"></span>leneck<span class=\"_ _0\"></span>s) howev<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e invasion</div>\n<div class=\"t m0 x1a h4f yfd7 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of Ukrai<span class=\"_ _0\"></span>ne furt<span class=\"_ _0\"></span>her gen<span class=\"_ _0\"></span>erated i<span class=\"_ _0\"></span>nternat<span class=\"_ _2b\"></span>ional trade c<span class=\"_ _2b\"></span>onflicts and g<span class=\"_ _0\"></span>eopoliti<span class=\"_ _2b\"></span>cal</div>\n<div class=\"t m0 x1a h4f yfd8 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">friction<span class=\"_ _2b\"></span>s. Countries<span class=\"_ _0\"></span>, states <span class=\"_ _2b\"></span>and companies <span class=\"_ _0\"></span>have be<span class=\"_ _0\"></span>en asses<span class=\"_ _0\"></span>sing ar<span class=\"_ _2b\"></span>eas in</div>\n<div class=\"t m0 x1a h4f yfd9 ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">which the<span class=\"_ _2\"></span>y ar<span class=\"ws103\">e dependent from a speci<span class=\"_ _2\"></span>fic country/ partner and </span></div>\n<div class=\"t m0 x1a h4f yfda ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">considering wa<span class=\"_ _2\"></span>ys to \u201cdetach\u201d or reduce thei<span class=\"_ _2\"></span>r dependency on those</div>\n<div class=\"t m0 x1a h4f yfdb ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">countr<span class=\"_ _0\"></span>ies/ part<span class=\"_ _2b\"></span>ners (e.g. ons<span class=\"_ _0\"></span>horing, <span class=\"_ _2b\"></span>diversifying, et<span class=\"_ _2b\"></span>c.). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yfdc ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfdd ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Economi<span class=\"_ _2b\"></span>es across Europe, E<span class=\"_ _0\"></span>ast and Sout<span class=\"_ _2b\"></span>h<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">East Asia fac<span class=\"_ _0\"></span>e a perio<span class=\"_ _0\"></span>d of </span></div>\n<div class=\"t m0 x1a h4f yfde ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">high inf<span class=\"_ _0\"></span>lation,<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">g<span class=\"_ _0\"></span>rowing int<span class=\"_ _2b\"></span>erest rates and cons<span class=\"_ _2b\"></span>umer uncertaint<span class=\"_ _0\"></span>y. Wheth<span class=\"_ _0\"></span>er </span></div>\n<div class=\"t m0 x1a h4f yfdf ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or not a recess<span class=\"_ _2b\"></span>ion (or even a depres<span class=\"_ _0\"></span>sion) is at o<span class=\"_ _0\"></span>ur doorstep<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span><span class=\"ls106 ws10c\">it is<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">beyond </span></span></span></div>\n<div class=\"t m0 x1a h4f yfe0 ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">argument tha<span class=\"_ _2\"></span>t negative sentiment and times of har<span class=\"_ _2\"></span>dship loom. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yfe1 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfe2 ff14e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Major demograph<span class=\"_ _2\"></span>ic, environmental and econo<span class=\"_ _2\"></span>mic trends are lik<span class=\"lsfc ws121\">el<span class=\"_ _2\"></span>y to </span></div>\n<div class=\"t m0 x1a h4f yfe3 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ue to driv<span class=\"_ _0\"></span>e migr<span class=\"_ _0\"></span>ation du<span class=\"_ _0\"></span>ring the <span class=\"_ _2b\"></span>next decade, w<span class=\"_ _0\"></span>hich in t<span class=\"_ _2b\"></span>urn may</div>\n<div class=\"t m0 x1a h4f yfe4 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">furthe<span class=\"_ _0\"></span>r contrib<span class=\"_ _2b\"></span>ute to politic<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> in count<span class=\"_ _2b\"></span>ries affected.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yfe5 ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfe6 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Increas<span class=\"_ _0\"></span>ed migr<span class=\"_ _0\"></span>ation fl<span class=\"_ _0\"></span>ows in s<span class=\"_ _0\"></span>ome Euro<span class=\"_ _0\"></span>pean co<span class=\"_ _0\"></span>untries<span class=\"_ _0\"></span> might l<span class=\"_ _0\"></span>ead to</div>\n<div class=\"t m0 x1a h4f yfe7 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed social tensions.<span class=\"_ _0\"></span> Given th<span class=\"_ _0\"></span>at the r<span class=\"wsfa\">ise of<span class=\"_ _0\"></span> ident<span class=\"_ _0\"></span>ity polit<span class=\"_ _0\"></span>ics has t<span class=\"_ _2b\"></span>he </span></div>\n<div class=\"t m0 x1a h4f yfe8 ff14e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">migrati<span class=\"_ _0\"></span>on crisis<span class=\"_ _0\"></span> as one of its root<span class=\"_ _0\"></span> causes, nat<span class=\"_ _2b\"></span>ionalist and po<span class=\"_ _0\"></span>pulist part<span class=\"_ _2b\"></span>ies</div>\n<div class=\"t m0 x1a h4f yfe9 ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">appear t<span class=\"_ _0\"></span>o be tak<span class=\"_ _0\"></span>ing cent<span class=\"_ _0\"></span>re<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">stage in ma<span class=\"_ _0\"></span>ny natio<span class=\"_ _0\"></span>ns across Eu<span class=\"_ _0\"></span>rope. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yfea ff14e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yfeb ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ramific<span class=\"_ _2b\"></span>ations of the R<span class=\"_ _0\"></span>ussia<span class=\"ls0 ws0\">-</span>Ukra<span class=\"_ _2b\"></span>ine conflict i<span class=\"_ _0\"></span>nclude t<span class=\"_ _2b\"></span>he impact of</div>\n<div class=\"t m0 x1a h4f yfec ff14e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">countries\u2019 de<span class=\"_ _2\"></span>fault risk, inf<span class=\"_ _2\"></span>low of refugees; <span class=\"_ _2\"></span>scaled back ambition<span class=\"_ _2\"></span>s on</div>\n<div class=\"t m0 x1a h4f yfed ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">green tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on, dest<span class=\"_ _0\"></span>abilizat<span class=\"_ _2b\"></span>ion of fragil<span class=\"_ _0\"></span>e countri<span class=\"_ _0\"></span>es (MEN<span class=\"_ _0\"></span>A, West<span class=\"_ _0\"></span>ern</div>\n<div class=\"t m0 x1a h4f yfee ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Balkans<span class=\"_ _2b\"></span>). Concerns ov<span class=\"_ _0\"></span>er the s<span class=\"_ _0\"></span>cale of at<span class=\"_ _0\"></span>tacks m<span class=\"_ _2b\"></span>eans that (re<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">)insurers </span></span></div>\n<div class=\"t m0 x1a h4f yfef ff14e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are mor<span class=\"_ _0\"></span>e proacti<span class=\"_ _2b\"></span>vely looking at<span class=\"_ _0\"></span> ways t<span class=\"_ _0\"></span>o mitig<span class=\"_ _0\"></span>ate risk<span class=\"_ _0\"></span>s. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 283px; height: 823px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">China coul<span class=\"_ _2b\"></span>d emerge the ultimat<span class=\"_ _2b\"></span>e \u201cbeneficiar<span class=\"_ _0\"></span>y\u201d of this con<span class=\"_ _0\"></span>flict, abs<span class=\"_ _2b\"></span>orbing</div>\n<div class=\"t m0 x7 h4f y803 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the best of Rus<span class=\"_ _2b\"></span>sia\u2019s economy (<span class=\"_ _0\"></span>oil &amp; gas, whe<span class=\"_ _0\"></span>at, milit<span class=\"_ _0\"></span>ary equip<span class=\"_ _0\"></span>ment). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y805 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Risk scenar<span class=\"_ _2\"></span>ios and corresponding<span class=\"_ _2\"></span> mitigation actions<span class=\"_ _2\"></span> are monitored a<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x7 h4f y806 ff153 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Board<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">le<span class=\"_ _2\"></span>v</span></span><span class=\"wsfa\">el. Monitoring is<span class=\"_ _2\"></span> also performed th<span class=\"_ _2\"></span>rough the Group Top<span class=\"_ _2\"></span> Risk </span></div>\n<div class=\"t m0 x7 h4f y807 ff153 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Report<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y808 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Whilst geo<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">po<span class=\"_ _0\"></span>litical<span class=\"_ _0\"></span> develop<span class=\"_ _0\"></span>ments ar<span class=\"_ _2b\"></span>e outside of Ag<span class=\"_ _0\"></span>eas\u2019<span class=\"ls0 ws0\">s </span><span class=\"lse2\">control, Agea<span class=\"_ _2\"></span>s </span></span></span></div>\n<div class=\"t m0 x7 h4f y80a ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Group and it<span class=\"_ _0\"></span>s local<span class=\"_ _0\"></span> entities cont<span class=\"_ _2b\"></span>inue to closely mo<span class=\"_ _0\"></span>nitor evol<span class=\"_ _2b\"></span>utions of</div>\n<div class=\"t m0 x7 h4f y80b ff153 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">geo<span class=\"ls0 ws0\">-<span class=\"ls106 ws10c\">political conflic<span class=\"_ _2b\"></span>ts and instability<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> <span class=\"lse0 wsf0\">the potent<span class=\"_ _0\"></span>ial<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">impacts on <span class=\"_ _2\"></span>the </span></span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y80c ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> and strat<span class=\"_ _0\"></span>egy to prep<span class=\"_ _0\"></span>are respo<span class=\"_ _0\"></span>nse plans wh<span class=\"_ _2b\"></span>ere appropriate.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y882 ff155 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Driving Technolo<span class=\"_ _2\"></span>gy<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">(PESTLE c<span class=\"wsf1\">a<span class=\"_ _2\"></span>tegory <span class=\"ls0 ws0\">\u2013 </span>Techno<span class=\"_ _2\"></span>logical)<span class=\"ff156 ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y883 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The way <span class=\"_ _0\"></span>we own a<span class=\"_ _0\"></span>nd use ca<span class=\"_ _0\"></span>rs is bei<span class=\"_ _2b\"></span>ng redefined t<span class=\"_ _0\"></span>hrough a<span class=\"_ _2b\"></span>dvancements</div>\n<div class=\"t m0 x7 h4f y884 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in tech<span class=\"_ _0\"></span>nology. T<span class=\"_ _2b\"></span>he introduct<span class=\"_ _0\"></span>ion of th<span class=\"_ _2b\"></span>ese technologi<span class=\"_ _0\"></span>es is li<span class=\"_ _0\"></span>kely to l<span class=\"_ _0\"></span>ead to</div>\n<div class=\"t m0 x7 h4f y885 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an increas<span class=\"_ _2b\"></span>e in partially, and ev<span class=\"_ _2b\"></span>entually, fully a<span class=\"_ _0\"></span>utonomo<span class=\"_ _0\"></span>us vehicl<span class=\"_ _0\"></span>es on the</div>\n<div class=\"t m0 x7 h4f y886 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">roads. Thi<span class=\"_ _2\"></span>s i<span class=\"lse0 wsf0\">s expec<span class=\"_ _0\"></span>ted to have a ma<span class=\"_ _2b\"></span>jor impact on the in<span class=\"_ _0\"></span>surance </span></div>\n<div class=\"t m0 x7 h4f y8cf ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">indust<span class=\"_ _0\"></span>ry, part<span class=\"_ _0\"></span>icularl<span class=\"_ _0\"></span>y in relat<span class=\"_ _2b\"></span>ion to how th<span class=\"_ _0\"></span>e freque<span class=\"_ _0\"></span>ncy and<span class=\"_ _0\"></span> cost of c<span class=\"_ _0\"></span>laims</div>\n<div class=\"t m0 x7 h4f y8d0 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">is likel<span class=\"_ _0\"></span>y to dev<span class=\"_ _0\"></span>elop. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d1 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8d2 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">It is expected<span class=\"_ _2\"></span> that while claims frequency<span class=\"_ _2\"></span> is likely to improve due to new<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y8d3 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">safety f<span class=\"_ _2b\"></span>eatures, the cos<span class=\"_ _0\"></span>ts of r<span class=\"_ _0\"></span>epairing <span class=\"_ _2b\"></span>and replacing s<span class=\"_ _2b\"></span>uch vehicles w<span class=\"_ _0\"></span>ith</div>\n<div class=\"t m0 x7 h4f yb28 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">complic<span class=\"_ _0\"></span>ated t<span class=\"_ _0\"></span>echnical<span class=\"_ _0\"></span> featur<span class=\"_ _0\"></span>es is goi<span class=\"_ _2b\"></span>ng to be signifi<span class=\"_ _2b\"></span>cantly higher.<span class=\"_ _0\"></span> This i<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f yb29 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">already b<span class=\"_ _0\"></span>eing expe<span class=\"_ _0\"></span>rienced i<span class=\"_ _0\"></span>n Ageas\u2019<span class=\"ls0 ws0\">s </span>moto<span class=\"_ _0\"></span>r book of busi<span class=\"_ _0\"></span>ness. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2a ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2b ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Alongsi<span class=\"_ _0\"></span>de the a<span class=\"_ _0\"></span>dvancem<span class=\"_ _2b\"></span>ents in the te<span class=\"_ _2b\"></span>chnology itse<span class=\"_ _0\"></span>lf, will<span class=\"_ _0\"></span> be the ab<span class=\"_ _0\"></span>ility of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">manufacturers<span class=\"_ _2\"></span> to collect an increasing amo<span class=\"_ _2\"></span>unt of valuable data on</div>\n<div class=\"t m0 x7 h4f yb2d ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">individuals<span class=\"_ _2\"></span> and their driv<span class=\"_ _2\"></span>ing habits, which <span class=\"_ _2\"></span>could be exploi<span class=\"_ _2\"></span>ted to change</div>\n<div class=\"t m0 x7 h4f y962 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">existing suppl<span class=\"_ _2\"></span>y chain dynamics. <span class=\"lse0 wsf0\">For insure<span class=\"_ _0\"></span>rs, acces<span class=\"_ _0\"></span>s to such dat<span class=\"_ _0\"></span>a could </span></div>\n<div class=\"t m0 x7 h4f y963 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">lead to changes in<span class=\"_ _2\"></span> underwriting, increasing<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">the a<span class=\"_ _0\"></span>bility to of<span class=\"_ _0\"></span>fer hyper<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x7 h4f y964 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">person<span class=\"_ _0\"></span>alised pro<span class=\"_ _0\"></span>ducts,<span class=\"_ _0\"></span> services a<span class=\"_ _0\"></span>nd conte<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y965 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y966 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Whilst f<span class=\"_ _0\"></span>ully auton<span class=\"_ _2b\"></span>omous vehicles m<span class=\"_ _0\"></span>ay still be so<span class=\"_ _0\"></span>me time aw<span class=\"_ _0\"></span>ay, advan<span class=\"_ _0\"></span>ced</div>\n<div class=\"t m0 x7 h4f y967 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">driver ass<span class=\"_ _2\"></span>istance systems (ADAS<span class=\"_ _2\"></span>) are already in <span class=\"_ _2\"></span>existence and are<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y968 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d to becom<span class=\"_ _0\"></span>e more sophi<span class=\"_ _0\"></span>sticat<span class=\"_ _0\"></span>ed and prev<span class=\"_ _0\"></span><span class=\"lse2 wsfa\">alent over <span class=\"_ _2\"></span>the near </span></div>\n<div class=\"t m0 x7 h4f y969 ff153 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">term. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yff2 ff155 fs3a fc14 sc0 ls10d wsfa\" style=\"z-index: 15;\">NB: Fully autonom<span class=\"_ _2b\"></span>ous vehicles are still likely<span class=\"_ _0\"></span> to be at least 5 years<span class=\"_ _0\"></span> away or</div>\n<div class=\"t m0 x7 h4f yff3 ff155 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">longer. <span class=\"ff153 ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yff4 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yff5 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Numerous ac<span class=\"_ _2\"></span>tions are ongoing a<span class=\"_ _2\"></span>cross the Group<span class=\"_ _2\"></span>, such as electric<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yff6 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">vehicle ec<span class=\"_ _2\"></span>osystem, monitoring<span class=\"_ _2\"></span> and interpretation o<span class=\"_ _2\"></span>f legislation su<span class=\"_ _2\"></span>ch as</div>\n<div class=\"t m0 x7 h4f yff7 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Automated La<span class=\"_ _2\"></span>ne Keeping Systems (ALK<span class=\"_ _2\"></span>S), deep dives <span class=\"_ _2\"></span>into new driving</div>\n<div class=\"t m0 x7 h4f yff8 ff153 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">technology <span class=\"_ _2\"></span><span class=\"ws103\">and capabilities, tracki<span class=\"_ _2\"></span>ng vehicle repair costs, op<span class=\"_ _2\"></span>erational </span></div>\n<div class=\"t m0 x7 h4f yff9 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">readiness di<span class=\"_ _2\"></span>scussions across <span class=\"wsf1\">Agea<span class=\"_ _2\"></span>s</span><span class=\"lsfb\">'s<span class=\"ls0 ws0\"> </span></span>repair ne<span class=\"_ _2\"></span>twork\u2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yffa ff155 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">New customer need<span class=\"_ _2\"></span>s &amp; <span class=\"lse0 wsef\">ex<span class=\"_ _0\"></span>pectati<span class=\"_ _0\"></span>ons<span class=\"ls0 ws0\">  </span></span></div>\n<div class=\"t m0 x7 h55 yffb ff155 fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">(PESTLE categor<span class=\"_ _2\"></span>y <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsf1\">Environmental<span class=\"_ _2\"></span>)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yffc ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Shifting consu<span class=\"_ _2\"></span>mer needs and the more recent in<span class=\"_ _2\"></span>flationary environment</div>\n<div class=\"t m0 x7 h4f yffd ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">invite ins<span class=\"_ _2b\"></span>urers to innovate in p<span class=\"_ _0\"></span>ursuit of<span class=\"_ _0\"></span> grow<span class=\"lse2 wsfa\">th and to stay <span class=\"_ _2\"></span>ahead of new </span></div>\n<div class=\"t m0 x7 h4f yffe ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">competitive th<span class=\"_ _2\"></span>reats. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yfff ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1000 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Custome<span class=\"_ _0\"></span>r and market<span class=\"_ _0\"></span> expectat<span class=\"_ _2b\"></span>ions with respect<span class=\"_ _0\"></span> to sustai<span class=\"_ _0\"></span>nability a<span class=\"_ _2b\"></span>nd</div>\n<div class=\"t m0 x7 h4f y1001 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">social <span class=\"_ _0\"></span>respons<span class=\"_ _0\"></span>ibility<span class=\"_ _0\"></span> are cha<span class=\"_ _0\"></span>nging w<span class=\"_ _0\"></span>here co<span class=\"_ _0\"></span>mpanies <span class=\"_ _0\"></span>have to m<span class=\"_ _2b\"></span>ake the</div>\n<div class=\"t m0 x1a h4f y977 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">appropri<span class=\"_ _2b\"></span>ate choices i<span class=\"_ _0\"></span>n integr<span class=\"_ _0\"></span>ating s<span class=\"_ _0\"></span>ustainab<span class=\"_ _2b\"></span>ility aspects <span class=\"_ _0\"></span>in their <span class=\"_ _0\"></span>st<span class=\"lse2 wsf1\">rategy. </span></div>\n<div class=\"t m0 x1a h4f y978 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Howeve<span class=\"_ _0\"></span>r, it is not only<span class=\"_ _0\"></span> about defi<span class=\"_ _0\"></span>ning a strat<span class=\"_ _2b\"></span>egy but also about act<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f y979 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">upon it.<span class=\"_ _0\"></span> The re<span class=\"_ _0\"></span>gulatio<span class=\"_ _0\"></span>n and ex<span class=\"_ _0\"></span>pectati<span class=\"_ _0\"></span>ons wit<span class=\"_ _0\"></span>h respect<span class=\"_ _0\"></span> to sust<span class=\"_ _2b\"></span>ainability</div>\n<div class=\"t m0 x1a h4f y97a ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are increasing<span class=\"_ _2\"></span> which could drive up operationa<span class=\"_ _2\"></span>l costs and reputational</div>\n<div class=\"t m0 x1a h4f y97b ff153 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">risk. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1002 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1003 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Disrupt<span class=\"_ _0\"></span>ive busi<span class=\"_ _0\"></span>ness mode<span class=\"_ _0\"></span>ls disrupt<span class=\"_ _0\"></span> certain b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s markets by<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1004 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">address<span class=\"_ _2b\"></span>ing unmet custome<span class=\"_ _2b\"></span>r needs or new demands w<span class=\"_ _2b\"></span>hich have been</div>\n<div class=\"t m0 x1a h4f y1005 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">ignore<span class=\"_ _0\"></span>d by the leadin<span class=\"_ _2b\"></span>g providers. Disr<span class=\"_ _0\"></span>uptive bu<span class=\"_ _0\"></span>siness m<span class=\"_ _0\"></span>odels are of<span class=\"_ _0\"></span>ten</div>\n<div class=\"t m0 x1a h4f y1006 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">powere<span class=\"_ _0\"></span>d by produc<span class=\"_ _0\"></span>t/servi<span class=\"_ _0\"></span>ce innovat<span class=\"_ _2b\"></span>ion which helps the<span class=\"_ _2b\"></span>m <span class=\"_ _2\"></span>cre<span class=\"_ _0\"></span>ate a new</div>\n<div class=\"t m0 x1a h4f y1007 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">niche wit<span class=\"_ _0\"></span>hin an exis<span class=\"_ _0\"></span>ting mark<span class=\"_ _0\"></span>et or create<span class=\"_ _0\"></span> a new market a<span class=\"_ _0\"></span>ltogeth<span class=\"_ _0\"></span>er. This</div>\n<div class=\"t m0 x1a h4f y1008 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">could be <span class=\"_ _0\"></span>in the f<span class=\"_ _0\"></span>orm of o<span class=\"_ _0\"></span>ne of th<span class=\"_ _0\"></span>e big (GA<span class=\"_ _0\"></span>FA) tec<span class=\"_ _0\"></span>h compan<span class=\"_ _0\"></span>ies ent<span class=\"_ _0\"></span>ering</div>\n<div class=\"t m0 x1a h4f y1009 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the direc<span class=\"_ _0\"></span>t insur<span class=\"_ _2b\"></span>ance market, u<span class=\"_ _0\"></span>tilisi<span class=\"_ _0\"></span>ng the wea<span class=\"_ _0\"></span>lth of d<span class=\"_ _0\"></span>ata the<span class=\"_ _0\"></span>y have</div>\n<div class=\"t m0 x1a h4f y100a ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">acquire<span class=\"_ _0\"></span>d on indivi<span class=\"_ _0\"></span>duals to de<span class=\"_ _0\"></span>termine t<span class=\"_ _2b\"></span>he level of risk and pri<span class=\"_ _0\"></span><span class=\"lsfb wsfa\">ce </span></div>\n<div class=\"t m0 x1a h4f y100b ff153 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">accordingly<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y100c ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y100d ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce comp<span class=\"_ _0\"></span>anies s<span class=\"_ _0\"></span>hould int<span class=\"_ _2b\"></span>egrate effect<span class=\"_ _0\"></span>ive &amp; r<span class=\"_ _0\"></span>egular<span class=\"_ _0\"></span> custome<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f y100e ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">communication<span class=\"_ _2\"></span>/touchpoint strategies (whils<span class=\"_ _2\"></span>t data can help to understand</div>\n<div class=\"t m0 x1a h4f y100f ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">custome<span class=\"_ _2b\"></span>r needs &amp; tailor comm<span class=\"_ _0\"></span>unicati<span class=\"_ _2b\"></span>ons respectively<span class=\"_ _0\"></span>, adopti<span class=\"_ _0\"></span>ng the right</div>\n<div class=\"t m0 x1a h4f y1010 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">tone of comm<span class=\"_ _2b\"></span>unication, usin<span class=\"_ _2b\"></span>g relevant media de<span class=\"_ _0\"></span>pendin<span class=\"_ _0\"></span>g on the target<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1011 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">audience, <span class=\"_ _2\"></span>simplifying communications<span class=\"_ _2\"></span>/messages, and in<span class=\"_ _2\"></span>tegrating</div>\n<div class=\"t m0 x1a h4f y1012 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reliabl<span class=\"_ _0\"></span>e custo<span class=\"_ _0\"></span>mer supp<span class=\"_ _0\"></span>ort syst<span class=\"_ _0\"></span>ems ca<span class=\"_ _0\"></span>n further <span class=\"_ _2b\"></span>strengthen t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y1013 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">communication<span class=\"_ _2\"></span> / touchpoint strategy).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1014 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1015 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A more recent trend<span class=\"_ _2\"></span> is \u201cadjacent innovation\u201d<span class=\"_ _2\"></span> where existing financial</div>\n<div class=\"t m0 x1a h4f y1016 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">services companies<span class=\"_ _2\"></span> adapt their current produc<span class=\"_ _2\"></span>ts to take them to new</div>\n<div class=\"t m0 x1a h4f y1017 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">markets and digi<span class=\"_ _2\"></span>tal channels or create new<span class=\"_ _2\"></span> digital products for exis<span class=\"_ _2\"></span>ting</div>\n<div class=\"t m0 x1a h4f y1018 ff153 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">markets. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1019 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y101a ff153 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Hyper<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">personalizat<span class=\"_ _2b\"></span>ion is that part of the cus<span class=\"_ _0\"></span>tomer ex<span class=\"_ _0\"></span>perienc<span class=\"_ _0\"></span>e that </span></span></div>\n<div class=\"t m0 x1a h4f y101b ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">relates<span class=\"_ _0\"></span> to the us<span class=\"_ _2b\"></span>e of data to prov<span class=\"_ _0\"></span>ide cus<span class=\"_ _0\"></span>tomers w<span class=\"_ _0\"></span>ith hig<span class=\"_ _0\"></span>hly perso<span class=\"_ _2b\"></span>nalised,</div>\n<div class=\"t m0 x1a h4f y101c ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">target<span class=\"_ _0\"></span>ed and relev<span class=\"_ _0\"></span>ant product<span class=\"_ _2b\"></span>s, services, and co<span class=\"_ _2b\"></span>ntent. Through hy<span class=\"_ _0\"></span>per<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y101d ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">person<span class=\"_ _0\"></span>alisati<span class=\"_ _0\"></span>on, com<span class=\"_ _0\"></span>panies <span class=\"_ _0\"></span>identify<span class=\"_ _0\"></span> the subt<span class=\"_ _2b\"></span>le details a<span class=\"_ _0\"></span>bout the<span class=\"_ _2b\"></span>ir</div>\n<div class=\"t m0 x1a h4f y101e ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">customers that t<span class=\"_ _2\"></span>raditional levels of personal<span class=\"_ _2\"></span>i<span class=\"lse0 wsf0\">satio<span class=\"_ _2b\"></span>n are yet to capture. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y101f ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1020 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Numerous Group t<span class=\"_ _2\"></span>ransversal initiatives ar<span class=\"_ _2\"></span>e underway to explore</div>\n<div class=\"t m0 x1a h4f y1021 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">opportu<span class=\"_ _0\"></span>nities a<span class=\"_ _0\"></span>nd mitigat<span class=\"_ _0\"></span>e risks. Th<span class=\"_ _0\"></span>ese incl<span class=\"_ _0\"></span>ude, but are not<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>lim<span class=\"_ _0\"></span>ited to,</div>\n<div class=\"t m0 x1a h4f y1022 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">custome<span class=\"_ _2b\"></span>r experience platf<span class=\"_ _2b\"></span>orm, health ecos<span class=\"_ _0\"></span>ystem,<span class=\"_ _0\"></span> digital pl<span class=\"_ _0\"></span>atforms n<span class=\"_ _2b\"></span>ew</div>\n<div class=\"t m0 x1a h4f y1023 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">engine, Impact24\u2026<span class=\"_ _2\"></span>A<span class=\"wsf1\">ddi<span class=\"wsfa\">tionally, many<span class=\"_ _2\"></span> local actions are<span class=\"_ _2\"></span> underway across </span></span></div>\n<div class=\"t m0 x1a h4f y1024 ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas opera<span class=\"_ _2\"></span>ting companies. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y1025 ff155 fs3a fc1f sc0 lsf4 ws0\" style=\"z-index: 15;\">Robotics / AI / <span class=\"lse2 wsf1\">Technology</span><span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">(PESTLE category </span>\u2013<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">Techno<span class=\"_ _2b\"></span>logical)<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y1026 ff153 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Robotics, AI &amp; tec<span class=\"_ _2\"></span>hnology allow companies,<span class=\"_ _2\"></span> among others, to reduce</div>\n<div class=\"t m0 x1a h4f y1027 ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cost<span class=\"_ _0\"></span> spent o<span class=\"_ _0\"></span>n routine <span class=\"_ _2b\"></span>work and refoc<span class=\"_ _2b\"></span>us certain empl<span class=\"_ _2b\"></span>oyees to more</div>\n<div class=\"t m0 x1a h4f y1028 ff153 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">creativ<span class=\"_ _0\"></span>e tasks (re<span class=\"_ _0\"></span>skillin<span class=\"_ _2b\"></span>g &amp; <span class=\"_ _2\"></span>ups<span class=\"_ _0\"></span>killing<span class=\"_ _0\"></span>).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1029 ff153 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y102a ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">AI has been<span class=\"_ _2\"></span> hailed as revolu<span class=\"_ _2\"></span>tionary and world <span class=\"_ _2\"></span>changing, but i<span class=\"_ _2\"></span>t is not</div>\n<div class=\"t m0 x1a h4f y102b ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">without it<span class=\"_ _2\"></span>s drawbacks. Concern<span class=\"_ _2\"></span>s of the macro <span class=\"_ _2\"></span>risks around A<span class=\"_ _2\"></span>I include</div>\n<div class=\"t m0 x1a h4f y102c ff153 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">privacy <span class=\"_ _0\"></span>violat<span class=\"_ _0\"></span>ions, \u2018D<span class=\"_ _0\"></span>eep Fak<span class=\"_ _0\"></span>es\u2019, al<span class=\"_ _0\"></span>gorithmi<span class=\"_ _2b\"></span>c bias, job <span class=\"lse2 ws103\">losses through </span></div>\n<div class=\"t m0 x1a h4f y102d ff153 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">automation, <span class=\"_ _2\"></span>socioeconomic inequali<span class=\"_ _2\"></span>ty and even weapon<span class=\"_ _2\"></span> automation.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 265px; height: 841px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1030 ff158 fs3a fc1e sc0 ls10d wsfa\" style=\"z-index: 15;\">That said, the list<span class=\"_ _0\"></span> of new upcoming t<span class=\"_ _0\"></span>echnologies and s<span class=\"_ _0\"></span>cientific</div>\n<div class=\"t m0 x7 h4f y1031 ff158 fs3a fc1e sc0 ls10d wsfa\" style=\"z-index: 15;\">breakthroughs is<span class=\"_ _0\"></span> relentless an<span class=\"_ _0\"></span>d unfolding on m<span class=\"_ _0\"></span>any fronts and is eve<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x7 h4f y1032 ff158 fs3a fc1e sc0 ls10d wsfa\" style=\"z-index: 15;\">further acceler<span class=\"_ _0\"></span>ated by the Covid<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls10d wsfa\">19 sanit<span class=\"_ _0\"></span>ary crisis. Alth<span class=\"_ _0\"></span>ough not all </span></span></div>\n<div class=\"t m0 x7 h4f y1033 ff158 fs3a fc1e sc0 ls10d wsfa\" style=\"z-index: 15;\">advances can be bi<span class=\"_ _2b\"></span>lled as a breakthrough, some t<span class=\"_ _0\"></span>echnologies m<span class=\"_ _0\"></span>ay have</div>\n<div class=\"t m0 x7 h4f y1034 ff158 fs3a fc1e sc0 ls10d wsfa\" style=\"z-index: 15;\">the potential to alt<span class=\"_ _0\"></span>er the way people liv<span class=\"_ _2b\"></span>e and work and lead to entirely n<span class=\"_ _0\"></span>ew</div>\n<div class=\"t m0 x7 h4f y1035 ff158 fs3a fc1e sc0 ls10d wsfa\" style=\"z-index: 15;\">products and se<span class=\"_ _0\"></span>rvices.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h65 y1036 ff15a fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1037 ff158 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">Group transver<span class=\"_ _2\"></span>sa<span class=\"lse0 wsf0\">l init<span class=\"_ _2b\"></span>iatives are under<span class=\"_ _2b\"></span>way to explore opport<span class=\"_ _2b\"></span>unities and </span></div>\n<div class=\"t m0 x1a h4f y1038 ff158 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">mitigat<span class=\"_ _0\"></span>e risks. Th<span class=\"_ _0\"></span>ese incl<span class=\"_ _0\"></span>ude, but are not<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>lim<span class=\"_ _0\"></span>ited to, AI a<span class=\"_ _2b\"></span>nd Robotics</div>\n<div class=\"t m0 x1a h4f yd13 ff158 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">communi<span class=\"_ _0\"></span>ties, Dat<span class=\"_ _2b\"></span>a Management and<span class=\"_ _0\"></span> Govern<span class=\"_ _0\"></span>ance Taskf<span class=\"_ _2b\"></span>orce, Smart</div>\n<div class=\"t m0 x1a h4f yd14 ff158 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">automation, crea<span class=\"_ _2\"></span>ting business value with<span class=\"_ _2\"></span> technology training progr<span class=\"_ _2\"></span>am<span class=\"lsf4 ws10c\">, </span></div>\n<div class=\"t m0 x1a h4f yd15 ff158 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Data robot<span class=\"_ _2\"></span> project\u2026<span class=\"ls0 ws0\"> </span>Additionall<span class=\"_ _2\"></span>y, Ageas operating<span class=\"_ _2\"></span> companies are</div>\n<div class=\"t m0 x1a h4f yd16 ff158 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">monitoring thi<span class=\"_ _2\"></span>s trend through local governance<span class=\"_ _2\"></span>, within external forums</div>\n<div class=\"t m0 x1a h4f yc7b ff158 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">and confer<span class=\"_ _2b\"></span>ences, and in some cas<span class=\"_ _2b\"></span>es, AI and new techno<span class=\"_ _0\"></span>logy is alr<span class=\"_ _0\"></span>eady</div>\n<div class=\"t m0 x1a h4f yd17 ff158 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">integrat<span class=\"_ _2b\"></span>ed as part of busines<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">as</span>-</span>usual activit<span class=\"_ _0\"></span>ies<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f yd18 ff158 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yd19 ff158 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8cd ff158 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8ce ff158 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">The Grou<span class=\"_ _0\"></span>p Emergi<span class=\"_ _0\"></span>ng Risk Rad<span class=\"_ _0\"></span>ar below refl<span class=\"_ _2b\"></span>ects the emergin<span class=\"_ _0\"></span>g risks most r<span class=\"_ _2b\"></span>elevant to business<span class=\"_ _0\"></span> activit<span class=\"_ _0\"></span>ies that hav<span class=\"_ _2b\"></span>e been identified as pa<span class=\"_ _2b\"></span>rt of the <span class=\"lse2 wsf1\">202<span class=\"ls0 ws0\">2<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y882 ff158 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Emerging Ri<span class=\"_ _2\"></span>sk Process:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m2 x126 h95 y106f ff15f fs5f fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Proximity</div>\n<div class=\"t m2 x8c h95 y106c ff15f fs5f fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">0-3 Years<span class=\"_ _1f2\"> </span>3 to 5 Years<span class=\"_ _18e\"> </span>More than 5 Years</div>\n<div class=\"t m2 x25b h95 y1064 ff15f fs5f fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">High<span class=\"_ _12e\"> </span>Medium<span class=\"_ _17d\"> </span>Low</div>\n<div class=\"t m0 xa4 h95 y106b ff15f fs5f fc16 sc0 ls0 ws0\" style=\"z-index: 15;\">Analyse</div>\n<div class=\"t m0 x242 h95 y1069 ff15f fs5f fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Aware<span class=\"_ _20f\"></span>Aware</div>\n<div class=\"t m0 x24b h97 y1071 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Mobility as a Service</div>\n<div class=\"t m0 x29 h97 y1073 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Demographic change</div>\n<div class=\"t m0 xd3 h97 y1072 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Internet of Things</div>\n<div class=\"t m0 xb3 h95 y1067 ff15f fs5f fc15 sc0 ls0 ws0\" style=\"z-index: 15;\">Act</div>\n<div class=\"t m0 x9e h97 y1078 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Big Data / Data accessibility,</div>\n<div class=\"t m0 xfc h97 y1079 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> availability &amp; ethical use</div>\n<div class=\"t m0 xb3 h97 y107a ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Reskilling &amp; Upskilling</div>\n<div class=\"t m0 x25c h95 y106a ff15f fs5f fc16 sc0 ls0 ws0\" style=\"z-index: 15;\">Analyse</div>\n<div class=\"t m0 x25c h97 y1070 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Future of health</div>\n<div class=\"t m0 x242 h95 y1068 ff15f fs5f fc18 sc0 ls0 ws0\" style=\"z-index: 15;\">Aware</div>\n<div class=\"t m0 xb3 h95 y1066 ff15f fs5f fc15 sc0 ls0 ws0\" style=\"z-index: 15;\">Act</div>\n<div class=\"t m0 x9c h95 y1066 ff15f fs5f fc15 sc0 ls0 ws0\" style=\"z-index: 15;\">Act<span class=\"_ _1a6\"> </span><span class=\"fc16\">Analyse</span></div>\n<div class=\"t md xf3 h97 y1074 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Geo-political instability / Trade wars<span class=\"_ _bb\"> </span>Driving Technology</div>\n<div class=\"t md x25e h97 y1075 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">New customer needs &amp;</div>\n<div class=\"t md x25e h97 y1076 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">expectations</div>\n<div class=\"t md x25e h97 y1077 ff160 fs61 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Robotics / AI  / Technology</div>\n<div class=\"t m0 x6 h95 y1065 ff15f fs5f fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Major</div>\n<div class=\"t m0 xff h95 y1065 ff15f fs5f fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Moderate<span class=\"_ _12a\"> </span>Minor</div>\n<div class=\"t m0 x25d h96 y106d ff160 fs60 fc19 sc0 ls0 ws0\" style=\"z-index: 15;\">Political<span class=\"_ _ae\"> </span><span class=\"fc14\">E<span class=\"_ _0\"></span>conomic<span class=\"_ _1b8\"> </span><span class=\"fc15\">S<span class=\"_ _2\"></span>ocial<span class=\"_ _1b8\"> </span><span class=\"fc18\">T<span class=\"_ _0\"></span>echnology<span class=\"_ _5d\"> </span><span class=\"fc17\">Legal<span class=\"_ _ae\"> </span><span class=\"fc16\">Environmental</span></span></span></span></span></div>\n<div class=\"t m0 x59 h95 y106e ff15f fs5f fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Impact</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 239px; height: 867px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff15b fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.6.3<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"ff15d ls105 ws120\">S<span class=\"_ _2\"></span>potlight:<span class=\"_ _2\"></span></span>  </span></div>\n<div class=\"t m0 x7 h4f y803 ff15b fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Climat<span class=\"_ _0\"></span>e Chang<span class=\"_ _0\"></span>e Risk As<span class=\"_ _0\"></span>sessme<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y804 ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">The main risks<span class=\"_ _2\"></span> that Ageas <span class=\"wsf1\">are<span class=\"ls0 ws0\"> </span></span>exposed to from<span class=\"_ _2\"></span> climate change are</div>\n<div class=\"t m0 x7 h4f y805 ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">credit risk, mar<span class=\"_ _2\"></span>ket risk, general insurance<span class=\"_ _2\"></span> and life insurance risk<span class=\"_ _2\"></span><span class=\"wsfa\">, and </span></div>\n<div class=\"t m0 x7 h4f y806 ff15b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">m<span class=\"lse0 wsfa\">odelling t<span class=\"_ _2b\"></span>he effects of cli<span class=\"_ _2b\"></span>mate risk on o<span class=\"_ _0\"></span>ur portf<span class=\"_ _0\"></span>olios is<span class=\"_ _0\"></span> an impo<span class=\"_ _0\"></span>rtant </span></div>\n<div class=\"t m0 x7 h4f y807 ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">focus are<span class=\"_ _0\"></span>a as underst<span class=\"_ _2b\"></span>anding and manag<span class=\"_ _0\"></span>ing climat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>im<span class=\"_ _0\"></span>pacts will be</div>\n<div class=\"t m0 x7 h4f y808 ff15b fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">essenti<span class=\"_ _0\"></span>al <span class=\"ls102 ws11d\">in </span><span class=\"wsfa\">forming st<span class=\"_ _0\"></span>rategic r<span class=\"_ _2b\"></span>esponses and <span class=\"_ _0\"></span><span class=\"lse2\">maintaining o<span class=\"_ _2\"></span>ur long<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">term </span></span></span></div>\n<div class=\"t m0 x7 h4f y809 ff15b fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">resilie<span class=\"_ _0\"></span>nce. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y103a ff15b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y103b ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">Followi<span class=\"_ _2b\"></span>ng <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e first incl<span class=\"_ _0\"></span>usion of dif<span class=\"_ _0\"></span>ferent<span class=\"_ _0\"></span> climate cha<span class=\"_ _2b\"></span>nge scenarios in ou<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x1a h4f y103c ff15b fs3a fc1e sc0 lse1 ws104\" style=\"z-index: 15;\">2021 ORSA, this activity <span class=\"lse2 wsf1\">has <span class=\"lse0 wsef\">continu<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\">d<span class=\"_ _2\"></span> </span><span class=\"wsf0\">to be refi<span class=\"_ _0\"></span>ned<span class=\"ls0 ws0\">. <span class=\"lse2 ws103\">The s<span class=\"wsf1\">cenari<span class=\"_ _2\"></span>os, </span></span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y103d ff15b fs3a fc1e sc0 lsf4 ws0\" style=\"z-index: 15;\">that co<span class=\"lse2 wsf1\">ver <span class=\"wsfa\">medium<span class=\"_ _2\"></span> to <span class=\"ws103\">longer term time h<span class=\"_ _2\"></span>orizons, seek to better </span></span></span></div>\n<div class=\"t m0 x1a h4f y103e ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">underst<span class=\"_ _2b\"></span>and potential imp<span class=\"_ _2b\"></span>acts of both Transit<span class=\"_ _0\"></span>ion <span class=\"ls0 ws0\">R<span class=\"lse1 ws11d\">isk and Physical Risk </span></span></div>\n<div class=\"t m0 x1a h4f y103f ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">on our asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilities<span class=\"ls0 ws0\">.</span></div>\n<div class=\"t m0 x7 h4f y1040 ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">For the p<span class=\"_ _2b\"></span>urposes of th<span class=\"_ _0\"></span>e ORSA, t<span class=\"_ _2b\"></span>he focus Group<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">wide was t<span class=\"_ _2\"></span>he following two transmis<span class=\"_ _2\"></span>sion channels:</span> </span></div>\n<div class=\"t m0 x49 h98 y107b ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"_ _1\"></span>ransition Risk</div>\n<div class=\"t m0 xe6 h98 y107c ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">&amp; Phy<span class=\"_ _2b\"></span>sical Risk</div>\n<div class=\"t m0 x130 h98 y107b ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Changing</div>\n<div class=\"t m0 x24f h98 y107c ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">econom<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 xed h98 y107b ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Inv<span class=\"_ _2b\"></span>estments</div>\n<div class=\"t m0 x65 h98 y107c ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">&amp; ALM</div>\n<div class=\"t m0 x25f h98 y107f ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Phy<span class=\"_ _2b\"></span>sical Risk</div>\n<div class=\"t m0 xbc h99 y107d ff161 fs63 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Changing</div>\n<div class=\"t m0 xc4 h99 y107e ff161 fs63 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">weather patt<span class=\"_ _0\"></span>erns</div>\n<div class=\"t m0 x117 h98 y1080 ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Natural</div>\n<div class=\"t m0 xf h98 y1081 ff161 fs62 fc5 sc0 ls0 ws0\" style=\"z-index: 15;\">Catastrop<span class=\"_ _2b\"></span>he Risk</div>\n<div class=\"t m0 x7 h4f y1044 ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">For an insur<span class=\"_ _2b\"></span>ance group like Age<span class=\"_ _0\"></span>as, <span class=\"ls0 ws0\">T<span class=\"lse2 wsf1\">ransition<span class=\"_ _2\"></span> </span>R</span><span class=\"wsfa\">isk, lik<span class=\"_ _2b\"></span>ely to arise fr<span class=\"_ _0\"></span>om </span></div>\n<div class=\"t m0 x7 h4f y1045 ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">extensive poli<span class=\"_ _2\"></span>cy, technology, market, and<span class=\"_ _2\"></span> customer behaviour changes,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y1046 ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">lies pre<span class=\"_ _0\"></span>domina<span class=\"_ _0\"></span>ntly on t<span class=\"_ _0\"></span>he asset<span class=\"_ _0\"></span> side o<span class=\"_ _0\"></span>f the ba<span class=\"_ _0\"></span>lance sh<span class=\"_ _0\"></span>eet via m<span class=\"_ _0\"></span>aterial</div>\n<div class=\"t m0 x7 h4f y1047 ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on c<span class=\"lse2 ws103\">hanges, stranded assets and<span class=\"_ _2\"></span> changes in default rates as a<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1048 ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">result of the<span class=\"_ _2\"></span> shift towards a low<span class=\"ls0 ws0\">-</span>carbon<span class=\"_ _2\"></span> economy. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1049 ff15b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y104a ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">For investmen<span class=\"_ _2\"></span>ts, Ageas integrates sustainab<span class=\"_ _2\"></span>ility (environment, social<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y104b ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">and gov<span class=\"_ _0\"></span>ernance<span class=\"_ _0\"></span>) criteri<span class=\"_ _2b\"></span>a in its researc<span class=\"_ _2b\"></span>h and investm<span class=\"_ _0\"></span>ent proce<span class=\"_ _2b\"></span>sses. It</div>\n<div class=\"t m0 x7 h4f y104c ff15b fs3a fc1e sc0 ls102 ws129\" style=\"z-index: 15;\">has im<span class=\"lse0 wsfa\">plemented a<span class=\"_ _2b\"></span> Responsible I<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nt Fram<span class=\"_ _0\"></span>ework (<span class=\"_ _0\"></span>RIF) to </span></div>\n<div class=\"t m0 x7 h4f y104d ff15b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">integrate <span class=\"_ _2\"></span>sustainability risks <span class=\"_ _2\"></span>in investment decisio<span class=\"_ _2\"></span>ns based on bo<span class=\"_ _2\"></span>th</div>\n<div class=\"t m0 x7 h4f y104e ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">exclusions pol<span class=\"_ _2\"></span>icies and ESG scoring methodol<span class=\"_ _2\"></span>ogies that focus</div>\n<div class=\"t m0 x7 h4f y104f ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent on assets with an ov<span class=\"_ _0\"></span>erall bett<span class=\"_ _0\"></span>er ESG perfo<span class=\"_ _2b\"></span>rmance and lower</div>\n<div class=\"t m0 x7 h4f y1050 ff15b fs3a fc1e sc0 lse1 wsf0\" style=\"z-index: 15;\">su<span class=\"lse0 wsfa\">staina<span class=\"_ _0\"></span>bility r<span class=\"_ _0\"></span>isks. Th<span class=\"_ _0\"></span>e RIF cov<span class=\"_ _2b\"></span>ers ESG integr<span class=\"_ _0\"></span>ation, <span class=\"_ _0\"></span>impact i<span class=\"_ _0\"></span>nvestin<span class=\"_ _0\"></span>g, </span></div>\n<div class=\"t m0 x7 h4f y1051 ff15b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">exclusion <span class=\"_ _2\"></span>screening, net zero<span class=\"_ _2\"></span> targets, and en<span class=\"_ _2\"></span>gagement. In 2022 A<span class=\"_ _2\"></span>geas</div>\n<div class=\"t m0 x1a h4f y1052 ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">also becam<span class=\"_ _2b\"></span>e a <span class=\"_ _2\"></span>me<span class=\"_ _0\"></span>mber of the Net<span class=\"_ _0\"></span> Zero Asset<span class=\"_ _0\"></span> Owner All<span class=\"_ _0\"></span>iance</div>\n<div class=\"t m0 x1a h4f y1053 ff15b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">committing <span class=\"_ _2\"></span>to reducing finan<span class=\"_ _2\"></span>ced emissions by 50<span class=\"_ _2\"></span>% by 2030 an<span class=\"ls106 ws115\">d fully </span></div>\n<div class=\"t m0 x1a h4f y1054 ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">decarbonising<span class=\"_ _2\"></span> the portfolio by 2050.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1055 ff15b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1056 ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Acute a<span class=\"_ _0\"></span>nd <span class=\"ls0 ws0\">c</span><span class=\"wsf0\">hronic P<span class=\"_ _0\"></span>hysical Ris<span class=\"_ _2b\"></span>k<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> </span>associ<span class=\"_ _2b\"></span>ated with an incre<span class=\"_ _0\"></span>ase in claim<span class=\"_ _0\"></span>s </span></div>\n<div class=\"t m0 x1a h4f y1057 ff15b fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">and losses, imp<span class=\"_ _2\"></span>acts our underwriting liabili<span class=\"_ _2\"></span>ties through changes in</div>\n<div class=\"t m0 x1a h4f y1058 ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">demand f<span class=\"_ _2b\"></span>or products and <span class=\"_ _0\"></span>servic<span class=\"_ _0\"></span>es and c<span class=\"_ _2b\"></span>hanges in loss <span class=\"_ _0\"></span>ratios / <span class=\"_ _0\"></span>profits.<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1059 ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">The clim<span class=\"_ _0\"></span>ate<span class=\"ls0 ws0\">-</span><span class=\"lse2\">related peril<span class=\"_ _2\"></span>s most relevant t<span class=\"_ _2\"></span>o Ageas\u2019s underwriting<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y105a ff15b fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">portfol<span class=\"_ _0\"></span>ios are f<span class=\"_ _2b\"></span>lood, windsto<span class=\"_ _0\"></span>rm, sub<span class=\"_ _0\"></span>sidence,<span class=\"_ _0\"></span> wildfi<span class=\"_ _2b\"></span>re, heatwave a<span class=\"_ _2b\"></span>nd, to a</div>\n<div class=\"t m0 x1a h4f y105b ff15b fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">lesser degre<span class=\"_ _2\"></span>e, airborne pollu<span class=\"_ _2\"></span>tion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y105c ff15b fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y105d ff15b fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ls0 ws0\">c<span class=\"lsfc ws115\">l<span class=\"_ _2\"></span>imate</span>-<span class=\"_ _2\"></span></span><span class=\"ws103\">related stress tests<span class=\"_ _2\"></span> performed as part of the ORSA loo<span class=\"_ _2\"></span>k at a </span></div>\n<div class=\"t m0 x1a h4f y105e ff15b fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">number o<span class=\"lsf4 ws10c\">f <span class=\"lsfc ws115\">these<span class=\"ls0 ws0\"> </span></span></span><span class=\"wsfa\">perils to bett<span class=\"_ _0\"></span>er unders<span class=\"_ _0\"></span>tand me<span class=\"_ _0\"></span>dium t<span class=\"_ _0\"></span>o long te<span class=\"_ _0\"></span>rm<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y105f ff15b fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">potenti<span class=\"_ _0\"></span>al <span class=\"lse2 wsfa\">impacts and<span class=\"_ _2\"></span> identify appropriate <span class=\"_ _2\"></span>actions.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 331px; height: 775px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The first tr<span class=\"_ _2b\"></span>ansmission cha<span class=\"_ _0\"></span>nnel relat<span class=\"_ _0\"></span>es to the (m<span class=\"_ _0\"></span>acro<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">)economic impact of<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">climate <span class=\"_ _0\"></span>change t<span class=\"_ _2b\"></span>hrough its eff<span class=\"_ _0\"></span>ects on <span class=\"_ _0\"></span>the pric<span class=\"_ _0\"></span>es of fi<span class=\"_ _0\"></span>nancial <span class=\"_ _0\"></span>assets an<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x7 h4f y804 ff162 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">macro<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">economic vari<span class=\"_ _0\"></span>ables suc<span class=\"_ _0\"></span>h as interest<span class=\"_ _0\"></span> rates and inf<span class=\"_ _2b\"></span>lation. </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Furtherm<span class=\"_ _2b\"></span>ore, specific ty<span class=\"_ _0\"></span>pes of asset<span class=\"_ _0\"></span>s could be se<span class=\"_ _0\"></span>e a signific<span class=\"_ _2b\"></span>ant</div>\n<div class=\"t m0 x7 h4f y806 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">decreas<span class=\"_ _2b\"></span>e in value, eit<span class=\"_ _0\"></span>her thr<span class=\"_ _0\"></span>ough a hi<span class=\"_ _0\"></span>gher cos<span class=\"_ _0\"></span>t of ca<span class=\"_ _0\"></span>pi<span class=\"wsf0\">tal or a high<span class=\"_ _0\"></span>er </span></div>\n<div class=\"t m0 x7 h4f y807 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">perceiv<span class=\"_ _2b\"></span>ed risk by the nature of t<span class=\"_ _0\"></span>heir activ<span class=\"_ _0\"></span>ities or the<span class=\"_ _2b\"></span>ir location. This c<span class=\"_ _0\"></span>ould</div>\n<div class=\"t m0 x7 h4f y808 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">directly impa<span class=\"_ _2\"></span>ct Ageas and its subsidiarie<span class=\"_ _2\"></span>s through changes in value in i<span class=\"_ _2\"></span>ts</div>\n<div class=\"t m0 x7 h4f y809 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment port<span class=\"_ _2\"></span>folio, as well the economic val<span class=\"_ _2\"></span>ue of its insurance</div>\n<div class=\"t m0 x7 h4f y80a ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities,<span class=\"_ _2\"></span> on long<span class=\"ws103\">er time hori<span class=\"_ _2\"></span>zons.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The second trans<span class=\"_ _2\"></span>mission channel relates to<span class=\"_ _2\"></span> geophysical changes</div>\n<div class=\"t m0 x7 h4f y80d ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">triggered <span class=\"_ _2\"></span>by changing clima<span class=\"_ _2\"></span>te conditions. Agea<span class=\"_ _2\"></span>s and its subsidiar<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h4f y80e ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">underwrite insura<span class=\"_ _2\"></span>nce covers related to sp<span class=\"_ _2\"></span>ecific perils, whose frequen<span class=\"_ _2\"></span>cy</div>\n<div class=\"t m0 x7 h4f y80f ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and/or severit<span class=\"_ _2\"></span>y can be <span class=\"wsfa\">adversely impacted<span class=\"_ _2\"></span>. These perils a<span class=\"_ _2\"></span>re mainly </span></div>\n<div class=\"t m0 x7 h4f y810 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">covered by<span class=\"_ _0\"></span> Non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life ins<span class=\"_ _2b\"></span>urance contr<span class=\"_ _0\"></span>acts, how<span class=\"_ _2b\"></span>ever changes i<span class=\"_ _2b\"></span>n mortality </span></div>\n<div class=\"t m0 x7 h4f y90a ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rates mig<span class=\"_ _0\"></span>ht also impa<span class=\"_ _0\"></span>ct Life ins<span class=\"_ _0\"></span>urance<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90b ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90c ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Based on the a<span class=\"_ _2b\"></span>bove, two series of st<span class=\"_ _2b\"></span>udies were perfor<span class=\"_ _0\"></span>med for the 2<span class=\"_ _0\"></span>022</div>\n<div class=\"t m0 x7 h4f y90d ff162 fs3a fc14 sc0 ls107 ws122\" style=\"z-index: 15;\">ORSA:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90e ff164 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff165\"> <span class=\"_ _46\"> </span><span class=\"ff162 lse2 wsfa\">A<span class=\"_ _2\"></span> Group</span><span class=\"ff162\">-<span class=\"lse1 ws104\">wide stress test <span class=\"lse0 wsf0\">for the Eu<span class=\"_ _0\"></span>ropean co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed entities, </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y90f ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">whereby a l<span class=\"_ _2\"></span>ong<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term proj<span class=\"_ _0\"></span>ection of in<span class=\"_ _2b\"></span>vestment asset<span class=\"_ _0\"></span>s and the ALM </span></span></div>\n<div class=\"t m0 x43 h4f y910 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">position w<span class=\"_ _2\"></span>as performed under <span class=\"_ _2\"></span>different climate<span class=\"_ _2\"></span> scenarios.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y911 ff164 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff165\"> <span class=\"_ _46\"> </span><span class=\"ff162 lse0 wsf0\">A number of specific<span class=\"_ _0\"></span> analyses<span class=\"_ _0\"></span>, both qua<span class=\"_ _0\"></span>ntitativ<span class=\"_ _2b\"></span>e and qualitative,<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x43 h4f y912 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">relating t<span class=\"_ _2\"></span>o underwriting lia<span class=\"lse0 wsf0\">bility exposu<span class=\"_ _0\"></span>res.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h55 yb2b ff166 fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Scenari<span class=\"_ _0\"></span>o Definit<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The stress<span class=\"_ _0\"></span> test rela<span class=\"_ _0\"></span>ted to Invest<span class=\"_ _2b\"></span>ments and ALM is <span class=\"ls0 ws0\">a </span>further d<span class=\"_ _0\"></span>evelopm<span class=\"_ _0\"></span>ent</div>\n<div class=\"t m0 x7 h4f yb2d ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the Cl<span class=\"_ _0\"></span>imate st<span class=\"_ _2b\"></span>ress test perf<span class=\"_ _0\"></span>ormed f<span class=\"_ _2b\"></span>or the 2021 ORS<span class=\"_ _0\"></span>A, whic<span class=\"_ _0\"></span>h itself w<span class=\"_ _2b\"></span>as</div>\n<div class=\"t m0 x7 h4f y962 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">inspired b<span class=\"_ _2\"></span>y the PRA\u2019s 2021 <span class=\"_ _2\"></span>Biennial Exploratory<span class=\"_ _2\"></span> Scenario. Whereas <span class=\"_ _2\"></span>the</div>\n<div class=\"t m0 x7 h4f y963 ff162 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">202<span class=\"lse0 wsfa\">1 ORSA st<span class=\"_ _0\"></span>ress test<span class=\"_ _0\"></span> took t<span class=\"_ _0\"></span>he PRA\u2019s<span class=\"_ _0\"></span> stress f<span class=\"_ _2b\"></span>actors as a sta<span class=\"_ _2b\"></span>rting point, </span></div>\n<div class=\"t m0 x7 h4f y964 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for the 202<span class=\"_ _0\"></span>2 ORSA, Age<span class=\"_ _0\"></span>as used mac<span class=\"_ _0\"></span>ro<span class=\"ls0 ws0\">-</span>econom<span class=\"_ _0\"></span>ic and finan<span class=\"_ _0\"></span>cial</div>\n<div class=\"t m0 x7 h4f y965 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">projections p<span class=\"_ _2\"></span>rovided by Moody<span class=\"_ _2\"></span>\u2019s Analytics. The<span class=\"_ _2\"></span> initial input us<span class=\"_ _2\"></span>ed was</div>\n<div class=\"t m0 x7 h4f y966 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">enhanc<span class=\"_ _0\"></span>ed using in<span class=\"ls0 ws0\">-</span>hous<span class=\"_ _2b\"></span>e methodology to ar<span class=\"_ _0\"></span>rive at more gr<span class=\"_ _2b\"></span>a<span class=\"lse2 ws103\">nula<span class=\"_ _2\"></span>r stress </span></div>\n<div class=\"t m0 x7 h4f y967 ff162 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">factors.</div>\n<div class=\"t m0 x13c h9a y1082 ff165 fs46 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1083 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1084 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The stre<span class=\"_ _0\"></span>ss test c<span class=\"_ _2b\"></span>onsisted of t<span class=\"_ _0\"></span>hree alt<span class=\"_ _0\"></span>ernate c<span class=\"_ _2b\"></span>limate scenari<span class=\"_ _2b\"></span>os which</div>\n<div class=\"t m0 x7 h4f y1085 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">were compared to a ba<span class=\"_ _2\"></span>seline scenario. The time hor<span class=\"_ _2\"></span>izon considered was</div>\n<div class=\"t m0 x7 h4f y1086 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">2045. (<span class=\"_ _0\"></span>One pote<span class=\"_ _0\"></span>ntial f<span class=\"_ _0\"></span>uture d<span class=\"_ _0\"></span>evelopm<span class=\"_ _0\"></span>ent woul<span class=\"_ _2b\"></span>d be to lengthe<span class=\"_ _0\"></span>n the</div>\n<div class=\"t m0 x7 h4f y1087 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">project<span class=\"_ _0\"></span>ion horiz<span class=\"_ _0\"></span>on, noti<span class=\"_ _0\"></span>ng th<span class=\"wsfa\">at thi<span class=\"_ _0\"></span>s would <span class=\"_ _2b\"></span>however furt<span class=\"_ _0\"></span>her comp<span class=\"_ _0\"></span>ound </span></div>\n<div class=\"t m0 x7 h4f y1088 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ainties r<span class=\"_ _2b\"></span>elated to the s<span class=\"_ _0\"></span>cenari<span class=\"_ _0\"></span>o). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1089 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y108a ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The nar<span class=\"_ _0\"></span>rative un<span class=\"_ _2b\"></span>derlying the t<span class=\"_ _2b\"></span>hree scenario<span class=\"_ _0\"></span>s was th<span class=\"_ _0\"></span>e follow<span class=\"_ _0\"></span>ing:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y108b ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y108c ff164 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff165\"> <span class=\"_ _46\"> </span><span class=\"ff167 lse0 wsf0\">Early Policy Scen<span class=\"_ _2b\"></span>ario:<span class=\"ff162 ls0 ws0\"> <span class=\"lse2 ws103\">Policy<span class=\"_ _2\"></span> changes to shift to carbon neu<span class=\"_ _2\"></span>trality </span></span></span></span></div>\n<div class=\"t m0 x43 h4f y108d ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in 2050 are e<span class=\"_ _0\"></span>nacted imm<span class=\"_ _2b\"></span>ediately. The<span class=\"_ _0\"></span>se pol<span class=\"wsfa\">icy c<span class=\"_ _2b\"></span>hanges (such a<span class=\"_ _0\"></span>s </span></div>\n<div class=\"t m0 x43 h4f y108e ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">carbon pr<span class=\"_ _0\"></span>icing) ar<span class=\"_ _0\"></span>e reflect<span class=\"_ _2b\"></span>ed in asset prices and m<span class=\"_ _2b\"></span>acro<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">econom<span class=\"_ _2\"></span>ic </span></span></div>\n<div class=\"t m0 x43 h4f y108f ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">variabl<span class=\"_ _0\"></span>es and are gra<span class=\"_ _0\"></span>dually ab<span class=\"_ _0\"></span>sorbed ov<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e project<span class=\"_ _0\"></span>ion horiz<span class=\"_ _2b\"></span>on.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h4f y1090 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1091 ff164 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff165\"> <span class=\"_ _46\"> </span><span class=\"ff167 lse2 wsfa\">L<span class=\"_ _2\"></span>ate Policy Scenario:<span class=\"_ _2\"></span></span><span class=\"ff162\"> <span class=\"lse2 wsfa\">Policy changes <span class=\"_ _2\"></span>to shift to carb<span class=\"_ _2\"></span>on neutrality </span></span></span></div>\n<div class=\"t m0 x43 h4f y1092 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in 2050 are d<span class=\"_ _0\"></span>elayed till<span class=\"_ _0\"></span> 2031. The d<span class=\"_ _0\"></span><span class=\"wsfa\">elay caus<span class=\"_ _2b\"></span>es the transit<span class=\"_ _0\"></span>ion to </span></div>\n<div class=\"t m0 x43 h4f y1093 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">occur les<span class=\"_ _0\"></span>s grad<span class=\"_ _0\"></span>ually a<span class=\"_ _0\"></span>nd in a m<span class=\"_ _0\"></span>ore dis<span class=\"_ _0\"></span>orderly f<span class=\"_ _2b\"></span>ashion. This<span class=\"_ _0\"></span> leads to</div>\n<div class=\"t m0 x43 h4f y1094 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">a more abru<span class=\"_ _0\"></span>pt repricin<span class=\"_ _2b\"></span>g of assets and a more seve<span class=\"_ _2b\"></span>re shock to</div>\n<div class=\"t m0 x43 h4f y1095 ff162 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">macro<span class=\"ls0 ws0\">-</span><span class=\"ws103\">econo<span class=\"_ _2\"></span>mic variables. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1096 ff164 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff165\"> <span class=\"_ _46\"> </span><span class=\"ff167 lse0 wsf0\">Current Polic<span class=\"_ _0\"></span>y Scenario<span class=\"_ _0\"></span>:<span class=\"ff162 ls0 ws0\"> </span><span class=\"ff162\">No furthe<span class=\"_ _0\"></span>r policy act<span class=\"_ _2b\"></span>ions are taken, and </span></span></span></div>\n<div class=\"t m0 x25a h4f y1097 ff162 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">the<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">transition t<span class=\"_ _2b\"></span>o carbon neut<span class=\"_ _2b\"></span>rality does no<span class=\"_ _0\"></span>t occur.<span class=\"_ _0\"></span> Focus i<span class=\"_ _2b\"></span>s on </span></span></div>\n<div class=\"t m0 x25a h4f y1098 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">physical r<span class=\"_ _2\"></span>isks as climate <span class=\"_ _2\"></span>change continues un<span class=\"_ _2\"></span>challenged.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1099 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y109a ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The three scenari<span class=\"_ _2\"></span>os described above give ris<span class=\"_ _2\"></span>e to alternate trajectori<span class=\"_ _2\"></span>es of</div>\n<div class=\"t m0 x1a h4f y109b ff162 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">macro<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">economic var<span class=\"_ _0\"></span>iable s<span class=\"_ _0\"></span>uch as GD<span class=\"_ _2b\"></span>P, interest rat<span class=\"_ _2b\"></span>es, and infla<span class=\"wsf0\">t<span class=\"_ _2b\"></span>ion, as </span></span></span></div>\n<div class=\"t m0 x1a h4f y109c ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">well as asset<span class=\"_ _0\"></span> values<span class=\"_ _0\"></span> and other fina<span class=\"_ _2b\"></span>ncial variables.<span class=\"_ _0\"></span> These are t<span class=\"_ _0\"></span>hen</div>\n<div class=\"t m0 x1a h4f y109d ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">compared wi<span class=\"_ _2\"></span>th a so<span class=\"ls0 ws0\">-</span><span class=\"lse0\">called \u201cref<span class=\"_ _2b\"></span>erence scenar<span class=\"_ _2b\"></span>io\u201d, in which n<span class=\"_ _0\"></span>o climat<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x1a h4f y109e ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">change ef<span class=\"_ _0\"></span>fects exi<span class=\"_ _0\"></span>st. This all<span class=\"_ _0\"></span>ows for expr<span class=\"_ _2b\"></span>essing the climat<span class=\"_ _0\"></span>e effects as<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y109f ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">shocks t<span class=\"_ _0\"></span>o be appl<span class=\"_ _2b\"></span>ied to the exis<span class=\"_ _0\"></span>ting bal<span class=\"_ _0\"></span>ance she<span class=\"_ _2b\"></span>et. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10a0 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y10a1 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The scenarios ch<span class=\"_ _2\"></span>osen are inspired by the so<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>called Phase 2 scenario<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y10a2 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">publish<span class=\"_ _0\"></span>ed by the Net<span class=\"_ _0\"></span>work for Gr<span class=\"_ _2b\"></span>eenish the Financ<span class=\"_ _0\"></span>ial Syst<span class=\"_ _0\"></span>em (NGFS).<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y10a3 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Moody\u2019s<span class=\"_ _0\"></span> Analyti<span class=\"_ _0\"></span>cs used thes<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>sce<span class=\"_ _0\"></span>narios as<span class=\"_ _0\"></span> a starting p<span class=\"_ _0\"></span>oint for thei<span class=\"_ _2b\"></span>r</div>\n<div class=\"t m0 x1a h4f y10a4 ff162 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">macro<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">economic proj<span class=\"_ _0\"></span>ections,<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>usi<span class=\"_ _0\"></span>ng its own pro<span class=\"_ _0\"></span>prieta<span class=\"lse2 wsfa\">ry methodology. </span></span></span></div>\n<div class=\"t m0 x1a h4f y10a5 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas then enri<span class=\"_ _2\"></span>ched the scenarios produced<span class=\"_ _2\"></span> by Moody\u2019s with more</div>\n<div class=\"t m0 x1a h4f y10a6 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">granul<span class=\"_ _0\"></span>ar shocks,<span class=\"_ _0\"></span> in particul<span class=\"_ _2b\"></span>ar with regards to e<span class=\"_ _0\"></span>quities &amp; c<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>e bonds,</div>\n<div class=\"t m0 x1a h4f y10a7 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as well as<span class=\"_ _0\"></span> real es<span class=\"_ _0\"></span>tate. T<span class=\"_ _2b\"></span>his internal ov<span class=\"_ _2b\"></span>erlay was desig<span class=\"_ _2b\"></span>ned to better</div>\n<div class=\"t m0 x1a h4f y10a8 ff162 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reflect <span class=\"wsf0\">the c<span class=\"_ _0\"></span>limate s<span class=\"_ _0\"></span>ensitiv<span class=\"_ _0\"></span>ity of invest<span class=\"_ _2b\"></span>ment assets bas<span class=\"_ _0\"></span>ed on sector (f<span class=\"_ _2b\"></span>or </span></div>\n<div class=\"t m0 x1a h4f y10a9 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">equities and<span class=\"_ _2\"></span> corporate bonds) and physica<span class=\"_ _2\"></span>l characteristics (for real<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y10aa ff162 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">estate).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10ab ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y10ac ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The shocks<span class=\"_ _0\"></span> describe<span class=\"_ _0\"></span>d above wer<span class=\"_ _2b\"></span>e applied to the invest<span class=\"_ _2b\"></span>ment portfolio at<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y10ad ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a granul<span class=\"_ _2b\"></span>ar level. Furth<span class=\"_ _0\"></span>ermore, t<span class=\"_ _2b\"></span>he insurance l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>ies wer<span class=\"_ _0\"></span>e re<span class=\"lse2 wsf1\">valued </span></div>\n<div class=\"t m0 x1a h4f y10ae ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">through t<span class=\"_ _2b\"></span>he forecaste<span class=\"_ _0\"></span>d impact<span class=\"_ _0\"></span>s on the r<span class=\"_ _2b\"></span>isk<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">free curve. Loc<span class=\"_ _0\"></span>al entiti<span class=\"_ _0\"></span>es also </span></div>\n<div class=\"t m0 x1a h4f y10af ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reflect<span class=\"_ _2b\"></span>ed these shock<span class=\"_ _0\"></span>s in the<span class=\"_ _0\"></span>ir Solv<span class=\"_ _0\"></span>ency Cap<span class=\"_ _2b\"></span>ital Require<span class=\"_ _0\"></span>ment. Al<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x1a h4f y10b0 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">project<span class=\"_ _0\"></span>ions we<span class=\"_ _0\"></span>re done as<span class=\"_ _0\"></span>sumin<span class=\"_ _0\"></span>g a stati<span class=\"_ _2b\"></span>c balance sheet<span class=\"_ _0\"></span>, i.e. t<span class=\"_ _0\"></span>he same</div>\n<div class=\"t m0 x1a h4f y10b1 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">assets and<span class=\"_ _2\"></span> liabilities were <span class=\"_ _2\"></span>considered <span class=\"lse0 wsf0\">througho<span class=\"_ _0\"></span>ut the proj<span class=\"_ _0\"></span>ection ho<span class=\"_ _0\"></span>rizon.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y10b2 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y10b3 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">In the early poli<span class=\"_ _2\"></span>cy scenario, the climate t<span class=\"_ _2\"></span>ransition is considered<span class=\"_ _2\"></span> to be an</div>\n<div class=\"t m0 x1a h4f y10b4 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">exogen<span class=\"_ _0\"></span>ous shoc<span class=\"_ _0\"></span>k to inf<span class=\"_ _0\"></span>lation r<span class=\"_ _2b\"></span>ates. This so<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">call<span class=\"_ _0\"></span>ed \u201cgreenf<span class=\"_ _2b\"></span>lation\u201d causes </span></div>\n<div class=\"t m0 x1a h4f y10b5 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">central banks<span class=\"_ _2\"></span> to keep interest rates higher<span class=\"_ _2\"></span>, in order to anchor inflati<span class=\"wsf1\">on<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y10b6 ff162 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">expectat<span class=\"_ _2b\"></span>ions.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10b7 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y10b8 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Starting in 2026<span class=\"_ _2\"></span>, this exogenous shock push<span class=\"_ _2\"></span>es risk<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">free rates<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y10b9 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">substant<span class=\"_ _2b\"></span>ially higher, t<span class=\"_ _0\"></span>hrough t<span class=\"_ _2b\"></span>he transitio<span class=\"_ _0\"></span>n perio<span class=\"_ _0\"></span>d up to 2<span class=\"_ _0\"></span>035. In 20<span class=\"_ _0\"></span>45,</div>\n<div class=\"t m0 x1a h4f y10ba ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the shock is<span class=\"_ _2\"></span> considered to be absorbed and interes<span class=\"_ _2\"></span>t rates come down</div>\n<div class=\"t m0 x1a h4f y10bb ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">again to t<span class=\"_ _2b\"></span>heir equilibr<span class=\"_ _2b\"></span>ium state.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10bc ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y10bd ff162 fs3a fc14 sc0 ls137 ws129\" style=\"z-index: 15;\">In <span class=\"lse0 wsf0\">the late pol<span class=\"_ _0\"></span>icy scena<span class=\"_ _0\"></span>rio, ther<span class=\"_ _0\"></span>e is no shift in 20<span class=\"_ _0\"></span>26 as climat<span class=\"_ _2b\"></span>e policies </span></div>\n<div class=\"t m0 x1a h4f y10be ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are not y<span class=\"_ _2b\"></span>et into effect.<span class=\"_ _0\"></span> In 203<span class=\"_ _0\"></span>5, the i<span class=\"_ _0\"></span>nitial re<span class=\"_ _0\"></span>action <span class=\"_ _0\"></span>of cent<span class=\"_ _0\"></span>ral bank<span class=\"_ _0\"></span>s is to</div>\n<div class=\"t m0 x1a h4f y10bf ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">lower poli<span class=\"_ _2\"></span>cy rates, as the<span class=\"_ _2\"></span> sudden transition <span class=\"_ _2\"></span>shock prompts the n<span class=\"_ _2\"></span>eed for</div>\n<div class=\"t m0 x1a h4f y10c0 ff162 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">monetary suppo<span class=\"_ _2\"></span>rt. Afterwards, i<span class=\"_ _2\"></span><span class=\"ws103\">nterest rates rise as the imple<span class=\"_ _2\"></span>mented </span></div>\n<div class=\"t m0 x1a h4f y10c1 ff162 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">climate <span class=\"_ _0\"></span>policie<span class=\"_ _0\"></span>s result <span class=\"_ _2b\"></span>in increased i<span class=\"_ _0\"></span>nflati<span class=\"_ _0\"></span>on press<span class=\"_ _0\"></span>ures an<span class=\"_ _0\"></span>d increa<span class=\"_ _0\"></span>sed</div>\n<div class=\"t m0 x1a h4f y10c2 ff162 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financing cos<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y10c3 ff162 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y10c4 ff162 fs3a fc14 sc0 ls10d ws130\" style=\"z-index: 15;\">The <span class=\"lse0 wsfa\">curr<span class=\"_ _0\"></span>ent policy<span class=\"_ _0\"></span> scenar<span class=\"_ _2b\"></span>io assumes tha<span class=\"_ _0\"></span>t no subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>al shift i<span class=\"_ _0\"></span>n climat<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x1a h4f y10c5 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span> occurs ov<span class=\"_ _0\"></span>er the proj<span class=\"_ _0\"></span>ection ho<span class=\"_ _0\"></span>rizon.<span class=\"ls0 ws0\"> </span>Int<span class=\"_ _2b\"></span>erest ra<span class=\"wsfa\">tes refl<span class=\"_ _2b\"></span>ect this fact, </span></div>\n<div class=\"t m0 x1a h4f y10c6 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with no addi<span class=\"_ _0\"></span>tional i<span class=\"_ _0\"></span>nflatio<span class=\"_ _0\"></span>n<span class=\"lse2 wsf1\">ary<span class=\"ls0 ws0\"> </span><span class=\"ws103\">pressure ma<span class=\"_ _2\"></span>terializing and no subsequen<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f y10c7 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">centra<span class=\"_ _0\"></span>l bank react<span class=\"_ _0\"></span>ion. Inte<span class=\"_ _0\"></span>rest rates<span class=\"_ _0\"></span> remain at e<span class=\"_ _2b\"></span>quilibrium lev<span class=\"_ _0\"></span>el and do</div>\n<div class=\"t m0 x1a h4f y10c8 ff162 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not mater<span class=\"_ _0\"></span>ially evo<span class=\"_ _0\"></span>lve.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 267px; height: 839px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ff16a fs3a fc1f sc0 lse2 wsf1\" style=\"z-index: 15;\">Conclusion<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff168 fs3a fc14 sc0 lse1 ws11d\" style=\"z-index: 15;\">The risks <span class=\"lse0 wsf0\">that are faced a<span class=\"_ _0\"></span>re both<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">uncertain and yet totally f<span class=\"_ _2\"></span>oreseeable. </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff168 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The exact <span class=\"_ _2\"></span>combination of phy<span class=\"_ _2\"></span>sical and transit<span class=\"_ _2\"></span>ion risks that <span class=\"_ _2\"></span>will emerge is</div>\n<div class=\"t m0 x7 h4f y805 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">uncert<span class=\"_ _0\"></span>ain, but we wi<span class=\"_ _0\"></span>ll eithe<span class=\"_ _0\"></span>r continue ou<span class=\"_ _0\"></span>r current<span class=\"_ _0\"></span> emissio<span class=\"_ _0\"></span>ns pathway<span class=\"_ _0\"></span> and</div>\n<div class=\"t m0 x7 h4f y806 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">face gre<span class=\"_ _0\"></span>ater physi<span class=\"_ _0\"></span>cal risks o<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>we ch<span class=\"_ _0\"></span>ange our pat<span class=\"_ _0\"></span>hway by red<span class=\"_ _0\"></span>ucing</div>\n<div class=\"t m0 x7 h4f y807 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">emissions and f<span class=\"_ _2\"></span>ace greater transition risks<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y808 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Althoug<span class=\"_ _0\"></span>h no attem<span class=\"_ _0\"></span>pt has been m<span class=\"_ _0\"></span>ade to attac<span class=\"_ _0\"></span>h a probabil<span class=\"_ _2b\"></span>ity to any of the</div>\n<div class=\"t m0 x7 h4f y80a ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">scenari<span class=\"_ _2b\"></span>os considered,<span class=\"_ _0\"></span> the curr<span class=\"_ _2b\"></span>ent global foc<span class=\"_ _2b\"></span>us on limiting <span class=\"lsfa ws114\">CO</span></div>\n<div class=\"t m0 x158 h64 y10cb ff168 fs41 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">2</div>\n<div class=\"t m0 x105 h4f yafa ff168 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">emissions,</div>\n<div class=\"t m0 x7 h4f y10cc ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">support<span class=\"_ _2b\"></span>ed by initiative<span class=\"_ _0\"></span>s such a<span class=\"_ _0\"></span>s th<span class=\"lse2\">e Paris Agreement<span class=\"_ _2\"></span> and governments </span></div>\n<div class=\"t m0 x7 h4f y10cd ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">commitm<span class=\"_ _2b\"></span>ents to achiev<span class=\"_ _2b\"></span>ing net<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">zero stat<span class=\"_ _2\"></span>us by 2050, indicates tran<span class=\"_ _2\"></span>sition </span></span></div>\n<div class=\"t m0 x7 h4f y10ce ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">risk from a move t<span class=\"_ _2\"></span>o a lower<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">carbon econ<span class=\"_ _0\"></span>omy is likel<span class=\"_ _2b\"></span>y. Notwithsta<span class=\"_ _0\"></span>nding, </span></span></div>\n<div class=\"t m0 x7 h4f y10cf ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">there is<span class=\"_ _0\"></span> consid<span class=\"_ _0\"></span>erable <span class=\"_ _0\"></span>uncerta<span class=\"_ _2b\"></span>inty regardi<span class=\"_ _0\"></span>ng the ext<span class=\"_ _2b\"></span>ent of the trans<span class=\"_ _0\"></span>ition</div>\n<div class=\"t m0 x7 h4f y10d0 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the<span class=\"ls0 ws0\"> </span>as<span class=\"_ _2\"></span>sociated timescale.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10d1 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y10d2 ff168 fs3a fc14 sc0 ls106 ws10c\" style=\"z-index: 15;\">Whilst A<span class=\"lse2 wsf1\">geas\u2019s <span class=\"lse0 wsfa\">investme<span class=\"_ _2b\"></span>nt strategy<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">of foc<span class=\"_ _0\"></span>using mor<span class=\"_ _0\"></span>e on sectors res<span class=\"_ _2b\"></span>ilient </span></span></span></div>\n<div class=\"t m0 x7 h4f y10d3 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to climat<span class=\"_ _0\"></span>e risks <span class=\"wsfa\">is a<span class=\"_ _0\"></span> key miti<span class=\"_ _2b\"></span>gant for transi<span class=\"_ _0\"></span>tion ris<span class=\"_ _0\"></span>k, a co<span class=\"_ _0\"></span>ntinuing <span class=\"_ _0\"></span>strate<span class=\"_ _2b\"></span>gic </span></div>\n<div class=\"t m0 x7 h4f y10d4 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">response to cli<span class=\"_ _2\"></span>mate change will be required<span class=\"_ _2\"></span> as our customers\u2019 demands</div>\n<div class=\"t m0 x7 h4f y10d5 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and expect<span class=\"_ _2b\"></span><span class=\"lse1\">ations <span class=\"lse0 wsfa\">evolve. Based <span class=\"_ _2b\"></span>on the relativel<span class=\"_ _2b\"></span>y modest imp<span class=\"_ _0\"></span>acts on o<span class=\"_ _0\"></span>ur </span></span></div>\n<div class=\"t m0 x7 h4f y10d6 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets a<span class=\"_ _2b\"></span>nd liabilitie<span class=\"_ _0\"></span>s in the t<span class=\"_ _0\"></span>esting <span class=\"_ _0\"></span>results<span class=\"_ _0\"></span>, and ou<span class=\"_ _0\"></span>r confid<span class=\"_ _2b\"></span>ence in the</div>\n<div class=\"t m0 x7 h4f y10d7 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">executi<span class=\"_ _0\"></span>on of ou<span class=\"_ _0\"></span>r Impact<span class=\"_ _0\"></span>24 sust<span class=\"_ _0\"></span>ainabilit<span class=\"_ _2b\"></span>y initiatives,<span class=\"_ _0\"></span> <span class=\"wsf0\">we do not env<span class=\"_ _2b\"></span>isage </span></div>\n<div class=\"t m0 x7 h4f y10d8 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on risk posing <span class=\"_ _0\"></span>a materi<span class=\"_ _2b\"></span>al threat to s<span class=\"_ _0\"></span>olve<span class=\"lse1 wsf0\">ncy.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y10d9 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y10da ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The sam<span class=\"_ _0\"></span>e can be s<span class=\"_ _2b\"></span>aid for<span class=\"fc1a ls0 ws0\"> <span class=\"lsfb ws104\">phy<span class=\"_ _2\"></span>sical ri<span class=\"_ _2\"></span>sks</span><span class=\"fc14\"> </span></span><span class=\"fc1a\">with the fo<span class=\"_ _2b\"></span>recast incre<span class=\"_ _0\"></span>ase in </span></div>\n<div class=\"t m0 x7 h4f y10db ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">those <span class=\"fc1a lse2 wsf1\">perils </span><span class=\"wsfa\">most relev<span class=\"_ _0\"></span>ant to o<span class=\"_ _0\"></span>ur busi<span class=\"_ _0\"></span>nesses <span class=\"_ _0\"></span><span class=\"fc1a lse2 ws103\">adjudged as be<span class=\"_ _2\"></span>ing </span></span></div>\n<div class=\"t m0 x7 h4f y10dc ff168 fs3a fc1a sc0 lse2 wsf1\" style=\"z-index: 15;\">manageable<span class=\"fc14 lse0 wsf0\">, particularly<span class=\"_ _0\"></span> in non<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">life business <span class=\"_ _2\"></span>through pricing a<span class=\"_ _2\"></span>nd re</span>-</span></span></div>\n<div class=\"t m0 x7 h4f y10dd ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce. That<span class=\"_ _0\"></span> said, t<span class=\"_ _2b\"></span>hese two mitig<span class=\"_ _2b\"></span>ants may have s<span class=\"_ _2b\"></span>ome limitati<span class=\"_ _0\"></span>ons as</div>\n<div class=\"t m0 x7 h4f y10de ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">certain region<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span>may be <span class=\"lse0 wsfa\">disprop<span class=\"_ _0\"></span>ortiona<span class=\"_ _2b\"></span>tely affected <span class=\"_ _0\"></span>by the ph<span class=\"_ _0\"></span>ysical <span class=\"_ _0\"></span>risks </span></div>\n<div class=\"t m0 x7 h4f y10df ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of climat<span class=\"_ _2b\"></span>e change <span class=\"lse2\">and issues ma<span class=\"_ _2\"></span>y emerge around </span><span class=\"wsf0\">the affordabil<span class=\"_ _0\"></span>ity and </span></div>\n<div class=\"t m0 x7 h4f y10e0 ff168 fs3a fc14 sc0 ls106 ws10c\" style=\"z-index: 15;\">availabil<span class=\"_ _0\"></span>ity of <span class=\"lse0 wsef\">re<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">insura<span class=\"_ _0\"></span>nce risk cov<span class=\"_ _2b\"></span>erage<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y10e1 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y10e2 ff168 fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">It i<span class=\"lse1 wsf0\">s <span class=\"lse0 wsfa\">very import<span class=\"_ _2b\"></span>ant to re<span class=\"lsfb\">cognise<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lsf4\">that th</span></span></span><span class=\"wsef\">ese <span class=\"ls102 ws11d\">view</span></span><span class=\"lse2\">s are<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf0\">fo<span class=\"_ _0\"></span>rmed with </span></span></span></div>\n<div class=\"t m0 x7 h4f y10e3 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">relianc<span class=\"_ _0\"></span>e on the info<span class=\"_ _0\"></span>rmation av<span class=\"_ _2b\"></span>ailable at the time of as<span class=\"_ _0\"></span>sessm<span class=\"_ _0\"></span>ent and the</div>\n<div class=\"t m0 x7 h4f y10e4 ff168 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">inherent unc<span class=\"_ _2\"></span>ertainty of modell<span class=\"_ _2\"></span>ing climate change<span class=\"_ _2\"></span>. We acknowledge tha<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x7 h4f y10e5 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">climate m<span class=\"_ _0\"></span>odellin<span class=\"_ _0\"></span>g is in its relat<span class=\"_ _2b\"></span>ive infancy and th<span class=\"_ _0\"></span>is view will<span class=\"_ _0\"></span> be regular<span class=\"_ _0\"></span>ly</div>\n<div class=\"t m0 x7 h4f y10e6 ff168 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">dee<span class=\"wsfa\">pened and<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">updat<span class=\"_ _0\"></span>ed as <span class=\"wsef\">more <span class=\"lse2 ws103\">information and recognised mod<span class=\"_ _2\"></span>els </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y10e7 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">become availab<span class=\"_ _2\"></span>le.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y10e8 ff16a fs3a fc1f sc0 lse2 wsfa\" style=\"z-index: 15;\">Actions and<span class=\"_ _2\"></span> outlook<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10e9 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Climate change ana<span class=\"_ _2\"></span>lysis <span class=\"lse0 wsf0\">contin<span class=\"_ _2b\"></span>ues to be <span class=\"lse1\">actively <span class=\"lse2 wsf1\">develope<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\"> </span>and<span class=\"ls0 ws0\"> a</span></span>ctions </span></span></div>\n<div class=\"t m0 x7 h4f y10ea ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">identif<span class=\"_ _0\"></span>ied <span class=\"wsf0\">from act<span class=\"_ _0\"></span>ivity to dat<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">include</span>: </span></span></div>\n<div class=\"t m0 x7 h4f y10eb ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse0 wsf0\">Ongoing develo<span class=\"_ _2b\"></span>pment &amp; challenge of<span class=\"_ _0\"></span> the <span class=\"lse2 ws103\">scenarios for meas<span class=\"_ _2\"></span>uring </span></span></span></div>\n<div class=\"t m0 x43 h4f y10ec ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transiti<span class=\"_ _2b\"></span>on and physical ris<span class=\"_ _0\"></span>k impacts<span class=\"_ _0\"></span> on investm<span class=\"_ _0\"></span>ents &amp; ALM.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10ed ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse0 wsf0\">Continued refi<span class=\"_ _0\"></span>nement of i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nt portfo<span class=\"_ _2b\"></span>lio granularity i<span class=\"_ _0\"></span>n terms of </span></span></div>\n<div class=\"t m0 x43 h4f y10ee ff168 fs3a fc14 sc0 lse1 ws104\" style=\"z-index: 15;\">sensitivity to climate risks. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10ef ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse2 ws103\">F<span class=\"_ _2\"></span>urther develop peril analy<span class=\"_ _2\"></span>sis in those entities where<span class=\"_ _2\"></span> perils may </span></span></div>\n<div class=\"t m0 x43 h4f y10f0 ff168 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">become <span class=\"lse0 wsfa\">more relevant<span class=\"_ _0\"></span> in the l<span class=\"_ _2b\"></span>onger term and i<span class=\"_ _2b\"></span>mprove peril an<span class=\"_ _2b\"></span>alysis </span></div>\n<div class=\"t m0 x43 h4f y10f1 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for those ent<span class=\"_ _2b\"></span>ities where data is<span class=\"_ _0\"></span> more limit<span class=\"_ _2b\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f2 ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse0 wsf0\">Development of c<span class=\"_ _0\"></span>apacity f<span class=\"_ _0\"></span>or perfor<span class=\"_ _0\"></span>ming simi<span class=\"_ _2b\"></span>lar studies for Ag<span class=\"_ _0\"></span>eas\u2019s </span></span></div>\n<div class=\"t m0 x43 h4f y10f3 ff168 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Asian par<span class=\"_ _2\"></span>ticipations.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f4 ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse1 ws104\">In<span class=\"_ _2\"></span>vestigat<span class=\"_ _0\"></span>e how to best assess Liability risk. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h6a y79c ff16d fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">4.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y79d ff16d fs46 fcf sc0 ls138 ws15c\" style=\"z-index: 15;\">Detai<span class=\"_ _2\"></span>ls<span class=\"ls0 ws0\"> <span class=\"ls112 ws133\">of various <span class=\"_ _2\"></span>risk exposures</span> </span></div>\n<div class=\"t m0 x1a h4f y79e ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing s<span class=\"_ _0\"></span>ection<span class=\"_ _0\"></span>s explai<span class=\"_ _2b\"></span>n Ageas\u2019s risk t<span class=\"_ _0\"></span>ypes an<span class=\"_ _2b\"></span>d various risk</div>\n<div class=\"t m0 x1a h4f y79f ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exposur<span class=\"_ _2b\"></span>es in more detail.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10f5 ff168 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsf0\">Financial risk<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y10f6 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al risk encompasses<span class=\"_ _0\"></span> all risks r<span class=\"_ _0\"></span>elating t<span class=\"_ _0\"></span>o the value<span class=\"_ _0\"></span> and</div>\n<div class=\"t m0 x1a h4f y7a2 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">perform<span class=\"_ _2b\"></span>ance of assets and lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span> that may aff<span class=\"_ _2b\"></span>ect solvency, ear<span class=\"_ _2b\"></span>nings</div>\n<div class=\"t m0 x1a h4f y7a3 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and liqui<span class=\"_ _0\"></span>dity due to<span class=\"_ _0\"></span> changes in fi<span class=\"_ _0\"></span>nancial c<span class=\"_ _0\"></span>ircumst<span class=\"_ _0\"></span>ances. T<span class=\"_ _0\"></span>hese incl<span class=\"_ _0\"></span>ude:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y7a4 ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse0 wsf0\">Market risk;</span><span class=\"ff168\"> </span></span></div>\n<div class=\"t m0 x1a h4f y7a5 ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse0 wsf0\">Default risk;</span><span class=\"ff168\"> </span></span></div>\n<div class=\"t m0 x1a h4f y7a6 ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse1 ws104\">L<span class=\"_ _2\"></span>iquidity risk;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y7a7 ff16b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff16c\"> <span class=\"_ _46\"> </span><span class=\"ff168 lse0 wsfa\">Intangible as<span class=\"_ _0\"></span>sets ri<span class=\"_ _0\"></span>sk.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y7a8 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y7a9 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Financi<span class=\"_ _2b\"></span>al risk is the mo<span class=\"_ _0\"></span>st mat<span class=\"_ _0\"></span>erial ris<span class=\"_ _0\"></span>k for man<span class=\"_ _2b\"></span>y of Ageas\u2019s o<span class=\"_ _0\"></span>peratio<span class=\"_ _0\"></span>ns.</div>\n<div class=\"t m0 x1a h4f y7aa ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The risk framew<span class=\"_ _2\"></span>ork in <span class=\"wsfa\">place at all<span class=\"_ _2\"></span> operations combine<span class=\"_ _2\"></span>s investment </span></div>\n<div class=\"t m0 x1a h4f y7ab ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span>, limit<span class=\"_ _0\"></span>s, stre<span class=\"_ _0\"></span>ss tests a<span class=\"_ _0\"></span>nd reg<span class=\"_ _0\"></span>ular moni<span class=\"_ _0\"></span>torin<span class=\"_ _0\"></span>g in order t<span class=\"_ _2b\"></span>o control the</div>\n<div class=\"t m0 x1a h4f y7ac ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">nature a<span class=\"_ _0\"></span>nd leve<span class=\"_ _0\"></span>l of fina<span class=\"_ _0\"></span>ncial ris<span class=\"_ _0\"></span>ks and t<span class=\"_ _2b\"></span>o ensure that <span class=\"_ _0\"></span>risks be<span class=\"_ _0\"></span>ing take<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f y7ad ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are approp<span class=\"_ _2b\"></span>riate for both cust<span class=\"_ _0\"></span>omer and<span class=\"_ _0\"></span> sharehol<span class=\"_ _0\"></span>der and are ap<span class=\"_ _2b\"></span>p<span class=\"lse2 wsf1\">rop<span class=\"_ _2\"></span>riately </span></div>\n<div class=\"t m0 x1a h4f y7ae ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reward<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y7af ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y7b0 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The overal<span class=\"_ _2b\"></span>l asset mix is determ<span class=\"_ _0\"></span>ined by loca<span class=\"_ _0\"></span>l busines<span class=\"_ _0\"></span>ses bas<span class=\"_ _0\"></span>ed on asset</div>\n<div class=\"t m0 x1a h4f y7b1 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">mix studies to<span class=\"_ _2\"></span> identify the appropriate st<span class=\"_ _2\"></span>rategic assets, their adeq<span class=\"_ _2\"></span>uacy</div>\n<div class=\"t m0 x1a h4f y7b2 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">from an ALM<span class=\"_ _0\"></span> perspect<span class=\"_ _2b\"></span>ive and on regular m<span class=\"_ _0\"></span>onitori<span class=\"_ _0\"></span>ng of the mark<span class=\"_ _2b\"></span>et</div>\n<div class=\"t m0 x1a h4f y7b3 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">situati<span class=\"_ _2b\"></span>on and prospects to<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">de<span class=\"_ _0\"></span>cide on t<span class=\"_ _2b\"></span>he tactical all<span class=\"_ _0\"></span>ocatio<span class=\"_ _0\"></span>n. The dec<span class=\"_ _2b\"></span>ision </span></div>\n<div class=\"t m0 x1a h4f y7b4 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">process needs t<span class=\"_ _2\"></span>o balance risk appetite, capi<span class=\"_ _2\"></span>tal requirements, long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">term </span></span></div>\n<div class=\"t m0 x1a h4f y7b5 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risks and r<span class=\"_ _0\"></span>eturn, pol<span class=\"_ _0\"></span>icyhold<span class=\"_ _2b\"></span>er expectations,<span class=\"_ _0\"></span> profit sha<span class=\"_ _2b\"></span>ring requireme<span class=\"_ _0\"></span>nts,</div>\n<div class=\"t m0 x1a h4f y7b6 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">tax and liq<span class=\"_ _0\"></span>uidity iss<span class=\"_ _2b\"></span>ues to arrive at an appr<span class=\"_ _0\"></span>opriate t<span class=\"_ _0\"></span>arget m<span class=\"lse2 wsfa\">ix. The </span></div>\n<div class=\"t m0 x1a h4f y7b7 ff168 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">mission o<span class=\"_ _2\"></span>f the Group Risk <span class=\"_ _2\"></span>function includes<span class=\"_ _2\"></span> monitoring aggregate<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y7b8 ff168 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">exposures a<span class=\"_ _2\"></span>gainst risk appeti<span class=\"_ _2\"></span>te regarding financ<span class=\"_ _2\"></span>ial risks and<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">working </span></span></div>\n<div class=\"t m0 x1a h4f y7b9 ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with the loc<span class=\"_ _2b\"></span>al businesses to dev<span class=\"_ _0\"></span>elop pol<span class=\"_ _0\"></span>icies and bes<span class=\"_ _0\"></span>t pract<span class=\"_ _0\"></span>ice, which</div>\n<div class=\"t m0 x1a h4f y7ba ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">must be <span class=\"_ _0\"></span>adopted <span class=\"_ _0\"></span>by the loc<span class=\"_ _2b\"></span>al Boards to e<span class=\"_ _0\"></span>nsure t<span class=\"_ _0\"></span>hey bec<span class=\"_ _0\"></span>ome part <span class=\"_ _2b\"></span>of the</div>\n<div class=\"t m0 x1a h4f y7bb ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">local regular ac<span class=\"_ _2\"></span>tivity. <span class=\"ls0 ws0\"> </span></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 y10f7 ff16a fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.1.1 <span class=\"ls0 ws0\"> <span class=\"_\"> </span></span><span class=\"wsf0\">Market risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y10f8 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Market <span class=\"_ _0\"></span>risk aris<span class=\"_ _2b\"></span>es from advers<span class=\"_ _0\"></span>e chang<span class=\"_ _0\"></span>e in the f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al situ<span class=\"lse2 wsf1\">ation </span></div>\n<div class=\"t m0 x1a h4f y10f9 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">resulti<span class=\"_ _0\"></span>ng, dir<span class=\"_ _0\"></span>ectly or i<span class=\"_ _0\"></span>ndirect<span class=\"_ _0\"></span>ly, fro<span class=\"_ _0\"></span>m fluct<span class=\"_ _0\"></span>uations <span class=\"_ _2b\"></span>in the level and <span class=\"_ _0\"></span>in the</div>\n<div class=\"t m0 x1a h4f y10fa ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of mark<span class=\"_ _0\"></span>et prices of<span class=\"_ _0\"></span> assets an<span class=\"_ _0\"></span>d liabilit<span class=\"_ _0\"></span>ies. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10fb ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">It is com<span class=\"_ _0\"></span>posed of<span class=\"_ _0\"></span> the foll<span class=\"_ _2b\"></span>owing sub<span class=\"ls0 ws0\">-<span class=\"lse1 wsf0\">risks:</span> </span></div>\n<div class=\"t m0 x1a h4f y10fc ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">a.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span></span><span class=\"wsf0\">interes<span class=\"_ _0\"></span>t rate risk<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y10fd ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">b.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span><span class=\"lse2 wsfa\">equity ri<span class=\"_ _2\"></span>sk;</span> </span></div>\n<div class=\"t m0 x1a h4f y10fe ff168 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">c.<span class=\"ls0 ws0\"> <span class=\"_ _185\"> </span><span class=\"lse2 ws103\">spread ri<span class=\"_ _2\"></span>sk.</span> </span></div>\n<div class=\"t m0 x1a h4f y10ff ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">d.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span><span class=\"lse1 ws11d\">currency risk;</span> </span></div>\n<div class=\"t m0 x1a h4f y1100 ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">e.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span><span class=\"lse2 ws103\">property risk<span class=\"_ _2\"></span>;</span> </span></div>\n<div class=\"t m0 x1a h4f y1101 ff168 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">f.<span class=\"ls0 ws0\"> <span class=\"_ _1f1\"> </span><span class=\"lse0 wsf0\">mark<span class=\"_ _0\"></span>et risk conc<span class=\"_ _0\"></span>entrat<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x1a h4f y1102 ff168 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">g. <span class=\"ls0 ws0\"> <span class=\"_ _13b\"> </span><span class=\"lse0 wsfa\">inflat<span class=\"_ _0\"></span>ion risk<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y1103 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1104 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The sensitivit<span class=\"_ _2\"></span>ies presented in this note exc<span class=\"_ _2\"></span>lude the impact in non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yaaa ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">controlled par<span class=\"_ _2\"></span>ticipations.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 315px; height: 241px; width: 335px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 315px; height: 246px; width: 335px; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 298px; height: 808px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff16e fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">A.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span></span><span class=\"ws11c\">INTER<span class=\"_ _0\"></span>EST RAT<span class=\"_ _0\"></span>E RISK<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span> rate risk ex<span class=\"_ _2b\"></span>ists for all <span class=\"wsfa\">assets a<span class=\"_ _0\"></span>nd liab<span class=\"_ _0\"></span>ilities s<span class=\"_ _2b\"></span>ensitive to cha<span class=\"_ _2b\"></span>nges </span></div>\n<div class=\"t m0 x7 h4f y804 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the t<span class=\"_ _0\"></span>erm stru<span class=\"_ _0\"></span>cture of<span class=\"_ _0\"></span> interest<span class=\"_ _0\"></span> rates<span class=\"_ _0\"></span> or inte<span class=\"_ _0\"></span>rest rat<span class=\"_ _0\"></span>e volati<span class=\"_ _2b\"></span>lity. This</div>\n<div class=\"t m0 x7 h4f y805 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applies t<span class=\"_ _0\"></span>o both real<span class=\"_ _0\"></span> and nomina<span class=\"_ _0\"></span>l term struc<span class=\"_ _0\"></span>tures. Th<span class=\"_ _2b\"></span>e risk arises as a</div>\n<div class=\"t m0 x7 h4f y806 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result of a mi<span class=\"_ _0\"></span>smatch bet<span class=\"_ _2b\"></span>ween the sensitiv<span class=\"_ _0\"></span>ity of asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilit<span class=\"wsfa\">ies t<span class=\"_ _2b\"></span>o </span></div>\n<div class=\"t m0 x7 h4f y807 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes i<span class=\"_ _0\"></span>n interest<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>rates<span class=\"_ _0\"></span> and associ<span class=\"_ _2b\"></span>ated volatility<span class=\"_ _0\"></span>, which can adv<span class=\"_ _2b\"></span>ersely</div>\n<div class=\"t m0 x7 h4f y808 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">impact the<span class=\"_ _2\"></span> earnings and sol<span class=\"_ _2\"></span>vency position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas mea<span class=\"_ _0\"></span>sures, mo<span class=\"_ _2b\"></span>nitors and contr<span class=\"_ _0\"></span>ols its inte<span class=\"_ _0\"></span>rest rate ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>usi<span class=\"_ _2b\"></span>ng a</div>\n<div class=\"t m0 x7 h4f y80b ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">number of in<span class=\"_ _2b\"></span>dicators includ<span class=\"_ _0\"></span>ing cash fl<span class=\"_ _0\"></span>ow mismat<span class=\"_ _0\"></span>ch analy<span class=\"_ _0\"></span>sis and <span class=\"lse1\">stress </span></div>\n<div class=\"t m0 x1a h4f yc3c ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">testing. <span class=\"_ _2\"></span>The investment and<span class=\"_ _2\"></span> ALM policies usual<span class=\"_ _2\"></span>ly require close ma<span class=\"_ _2\"></span>tching</div>\n<div class=\"t m0 x1a h4f yd61 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unless sp<span class=\"_ _0\"></span>ecifica<span class=\"_ _0\"></span>lly approv<span class=\"_ _2b\"></span>ed otherwise. Lon<span class=\"_ _0\"></span>ger<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term busine<span class=\"_ _2\"></span>ss can be </span></span></div>\n<div class=\"t m0 x1a h4f yd62 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">difficult<span class=\"_ _0\"></span> to match due t<span class=\"_ _0\"></span>o lack of ava<span class=\"_ _0\"></span>ilabilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>of su<span class=\"_ _0\"></span>itable as<span class=\"_ _2b\"></span>sets. The</div>\n<div class=\"t m0 x1a h4f yd63 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">matchi<span class=\"_ _0\"></span>ng strateg<span class=\"_ _0\"></span>y will be det<span class=\"_ _2b\"></span>ermined taking int<span class=\"_ _2b\"></span>o account risk appet<span class=\"_ _0\"></span>ite,</div>\n<div class=\"t m0 x1a h4f yd64 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">availab<span class=\"_ _0\"></span>ility of (l<span class=\"_ _0\"></span>ong<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">term) as<span class=\"_ _2b\"></span>sets, current<span class=\"_ _0\"></span> and pros<span class=\"_ _2b\"></span>pective mark<span class=\"_ _0\"></span>et rates </span></div>\n<div class=\"t m0 x1a h4f yd65 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and level<span class=\"_ _2\"></span>s of guarantee. Deri<span class=\"_ _2\"></span>vatives are sometime<span class=\"_ _2\"></span>s used to hedge<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd66 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate risk.<span class=\"_ _0\"></span> Note that lo<span class=\"_ _0\"></span>w interes<span class=\"_ _0\"></span>t rates have be<span class=\"_ _2b\"></span>en defined as a</div>\n<div class=\"t m0 x1a h4f yd67 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">strategic r<span class=\"_ _2\"></span>i<span class=\"lse0\">sk w<span class=\"_ _0\"></span>ith focus<span class=\"_ _0\"></span> on fixe<span class=\"_ _2b\"></span>d/variable cos<span class=\"_ _0\"></span>t struct<span class=\"_ _2b\"></span>ure.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc45 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc46 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc47 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below shows t<span class=\"_ _0\"></span>he gros<span class=\"_ _0\"></span>s impact <span class=\"_ _0\"></span>on the IF<span class=\"_ _0\"></span>RS inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement an<span class=\"_ _0\"></span>d IFRS <span class=\"_ _0\"></span>equity <span class=\"_ _0\"></span>as a result<span class=\"_ _0\"></span> of a dec<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span> in the int<span class=\"_ _2b\"></span>erest<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">rates for<span class=\"_ _2\"></span> consolidated </span></span></div>\n<div class=\"t m0 x7 h4f yc48 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">entitie<span class=\"_ _0\"></span>s. An upwa<span class=\"_ _0\"></span>rds/dow<span class=\"_ _0\"></span>nw<span class=\"lse2 wsfa\">ards shock is<span class=\"_ _2\"></span> applied, correspond<span class=\"_ _2\"></span>ing to a 1/30 <span class=\"_ _2\"></span>years return peri<span class=\"_ _2\"></span>od (around 75bps on<span class=\"_ _2\"></span> average). Some en<span class=\"_ _2\"></span>tities use a <span class=\"_ _2\"></span>simplified </span></div>\n<div class=\"t m0 x7 h4f yc49 ff16e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">method <span class=\"ls0 ws0\">w<span class=\"_ _2\"></span>h</span>ere<span class=\"ls0 ws0\"> </span><span class=\"ws103\">a paral<span class=\"_ _2\"></span>lel stress of 100bps is consid<span class=\"_ _2\"></span>ered.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws10a\" style=\"left: 501px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">on</span> </span></div>\n<div class=\"t m0 x261 h52 y603 ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 815px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span>statement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 844px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws10a\" style=\"left: 586px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t <span class=\"ls0 ws0\">on </span></div>\n<div class=\"t m0 x152 h52 y603 ff16e fs3c fc1f sc0 lse8 ws10b\" style=\"left: 577px; bottom: 815px; z-index: 15;\">IFRS<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">Equity</span> </span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws10a\" style=\"left: 672px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">on</span> </span></div>\n<div class=\"t m0 x261 h52 y603 ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 640px; bottom: 815px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span>statement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 844px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws102\" style=\"left: 758px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t o<span class=\"ls0 ws0\">n </span></div>\n<div class=\"t m0 x152 h52 y603 ff16e fs3c fc1f sc0 lse8 ws10b\" style=\"left: 749px; bottom: 815px; z-index: 15;\">IFRS<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">Equity</span> </span></div>\n<div class=\"t m0 x14d h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff16e fs3c fc14 sc0 lse7 ws109\" style=\"left: 69px; bottom: 784px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st <span class=\"ls0 ws0\">- <span class=\"lsef ws102\">r<span class=\"_ _2\"></span>ate down</span> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 784px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 784px; z-index: 15;\">1,841<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 784px; z-index: 15;\">4</div>\n<div class=\"t m0 x24 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 784px; z-index: 15;\">396<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff16e fs3c fc14 sc0 lse7 ws109\" style=\"left: 69px; bottom: 770px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st <span class=\"ls0 ws0\">- <span class=\"lsef ws102\">r<span class=\"_ _2\"></span>ate up</span> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 770px; z-index: 15;\">(67)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f2 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 770px; z-index: 15;\">(2,224)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 770px; z-index: 15;\">2</div>\n<div class=\"t m0 x11e h52 y5f2 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 770px; z-index: 15;\">(1,407)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y110c ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y110d ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y110e ff16e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">B. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"lsfc ws121\">EQUITY<span class=\"_ _2\"></span> RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y110f ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Equity ri<span class=\"_ _0\"></span>sk arises f<span class=\"_ _0\"></span>rom the se<span class=\"_ _0\"></span>nsitivit<span class=\"_ _0\"></span>y of assets a<span class=\"_ _0\"></span>nd liabil<span class=\"_ _0\"></span>ities and</div>\n<div class=\"t m0 x7 h4f y1110 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s to chan<span class=\"_ _0\"></span>ges in th<span class=\"_ _2b\"></span>e level or volat<span class=\"_ _2b\"></span>ility of market<span class=\"_ _0\"></span> prices</div>\n<div class=\"t m0 x7 h4f y1111 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">for equit<span class=\"_ _2b\"></span>ies or their y<span class=\"_ _0\"></span>ield, wh<span class=\"_ _2b\"></span>ich can impact <span class=\"_ _0\"></span>earnings<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>he solven<span class=\"_ _2b\"></span>cy</div>\n<div class=\"t m0 x7 h4f y1112 ff16e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position. <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1113 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1114 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This risk is c<span class=\"_ _0\"></span>ontrol<span class=\"_ _0\"></span>led t<span class=\"lse2 ws103\">hrough limit setting b<span class=\"_ _2\"></span>ased on the risk appetite and<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1115 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by invest<span class=\"_ _0\"></span>ment polic<span class=\"_ _2b\"></span>ies that require a ran<span class=\"_ _0\"></span>ge of contr<span class=\"_ _0\"></span>ols to be in plac<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1116 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">includi<span class=\"_ _0\"></span>ng the acti<span class=\"_ _0\"></span>on that will b<span class=\"_ _0\"></span>e taken in the ev<span class=\"_ _2b\"></span>ent of significan<span class=\"_ _0\"></span>t</div>\n<div class=\"t m0 x1a h4f y1117 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">decreases i<span class=\"_ _2\"></span>n value. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1118 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1119 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For risk<span class=\"_ _2\"></span> management purposes<span class=\"_ _2\"></span>, Ageas bases i<span class=\"lsf4 ws114\">ts definition<span class=\"_ _2\"></span> of equity </span></div>\n<div class=\"t m0 x1a h4f y111a ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exposur<span class=\"_ _2b\"></span>e on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e economi<span class=\"_ _0\"></span>c reality of<span class=\"_ _0\"></span> underly<span class=\"_ _0\"></span>ing asset<span class=\"_ _0\"></span>s and risks<span class=\"_ _0\"></span>. Takin<span class=\"_ _0\"></span>g</div>\n<div class=\"t m0 x1a h4f y111b ff16e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">a risk<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">based appro<span class=\"_ _0\"></span>ach; the t<span class=\"_ _2b\"></span>otal economic<span class=\"_ _0\"></span> exposu<span class=\"_ _0\"></span>re to equ<span class=\"_ _0\"></span>ities at<span class=\"_ _0\"></span> fair </span></span></div>\n<div class=\"t m0 x1a h4f y111c ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value is<span class=\"_ _0\"></span> given i<span class=\"_ _0\"></span>n the tab<span class=\"_ _2b\"></span>le below toget<span class=\"_ _2b\"></span>her with the rec<span class=\"_ _2b\"></span>onciliation t<span class=\"_ _0\"></span>o the</div>\n<div class=\"t m0 x1a h4f y111d ff16e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">IFRS reported f<span class=\"_ _2\"></span><span class=\"wsf1\">igures.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y111e ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y111f ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x130 h52 y60e ff16e fs3c fc1f sc0 ls0 ws0\" style=\"left: 453px; bottom: 565px; z-index: 15;\"> </div>\n<div class=\"t m0 x25f h52 y60e ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 565px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 565px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff16e fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Type of a<span class=\"_ _0\"></span>sset<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5f9 ff16e fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f9 ff171 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Direct equity investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 534px; z-index: 15;\">2,799<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 534px; z-index: 15;\">3,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Equity funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 520px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 520px; z-index: 15;\">916<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Private equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 505px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 505px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 490px; z-index: 15;\">Asset allocation funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 490px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 490px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff170 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 475px; z-index: 15;\">Total Economic equity exposure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 475px; z-index: 15;\">3,622<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 475px; z-index: 15;\">4,204<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 460px; z-index: 15;\">Debt funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 460px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 460px; z-index: 15;\">424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 445px; z-index: 15;\">Money market funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y647 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 445px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 445px; z-index: 15;\">221<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Real estate funds (SIC<span class=\"_ _0\"></span>AFI/REITS)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 430px; z-index: 15;\">619<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 430px; z-index: 15;\">1,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff170 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Total IFRS equity exposure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y608 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 416px; z-index: 15;\">4,461<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y608 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 416px; z-index: 15;\">5,872<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff16e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 401px; z-index: 15;\">of which:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y603 ff170 fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y603 ff16e fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 386px; z-index: 15;\">Available for Sale (see no<span class=\"_ _0\"></span>te 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 386px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 386px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 371px; z-index: 15;\">Held at Fair Value (see<span class=\"_ _0\"></span> note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 371px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 371px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 360px; height: 746px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 360px; height: 746px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 360px; height: 746px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ff175 fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _2b\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> shows <span class=\"lse0 wsf0\">the gr<span class=\"_ _0\"></span>oss impact<span class=\"_ _0\"></span> on the IFRS inc<span class=\"_ _2b\"></span>ome statement and<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>IFR<span class=\"_ _0\"></span>S equity as the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>resul<span class=\"_ _0\"></span>t of an equity<span class=\"_ _0\"></span> shock corr<span class=\"_ _0\"></span>espond<span class=\"_ _0\"></span>ing to a 1/30 ye<span class=\"_ _0\"></span>ars </span></div>\n<div class=\"t m0 x7 h4f y804 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">return period dow<span class=\"_ _2\"></span>n (around 30% for EAA listed equ<span class=\"_ _2\"></span>ities) for consolidat<span class=\"_ _2\"></span>ed entities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 501px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y608 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 501px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 586px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 577px; bottom: 1004px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 672px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y608 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 672px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 758px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 749px; bottom: 1004px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 973px; z-index: 15;\">Equity risk downwards<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 973px; z-index: 15;\">(340)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 973px; z-index: 15;\">(967)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 973px; z-index: 15;\">(281)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 973px; z-index: 15;\">(1,262)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1135 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1136 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1137 ff173 fs3a fc28 sc0 ls104 ws126\" style=\"z-index: 15;\">C.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lsfd ws120\">SPREAD RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1138 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Spread r<span class=\"_ _2b\"></span>isk results fro<span class=\"_ _0\"></span>m the s<span class=\"_ _0\"></span>ensitivit<span class=\"_ _2b\"></span>y of the value of<span class=\"_ _0\"></span> assets <span class=\"_ _0\"></span>and</div>\n<div class=\"t m0 x7 h4f y1139 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liabilities and<span class=\"_ _2\"></span> financial instruments to<span class=\"_ _2\"></span> changes in the level or in th<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x7 h4f y113a ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of s<span class=\"_ _0\"></span>preads ov<span class=\"_ _2b\"></span>er the risk<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">free int<span class=\"_ _0\"></span>erest r<span class=\"_ _0\"></span>ate term st<span class=\"_ _0\"></span>ructure.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y113b ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y113c ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A significant<span class=\"_ _2\"></span> portion of Ageas\u2019s liabili<span class=\"_ _2\"></span>ties are relatively illiquid<span class=\"_ _2\"></span>. Ageas</div>\n<div class=\"t m0 x7 h4f y113d ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">generally aims<span class=\"_ _2\"></span> to hold credit assets<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">to<span class=\"_ _0\"></span> maturit<span class=\"_ _0\"></span>y. This l<span class=\"_ _2b\"></span>imits the long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">ter<span class=\"_ _2\"></span>m </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y113e ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact of<span class=\"_ _0\"></span> spread ri<span class=\"_ _0\"></span>sk signific<span class=\"_ _2b\"></span>antly because Ag<span class=\"_ _0\"></span>eas typic<span class=\"_ _0\"></span>ally hold<span class=\"_ _0\"></span>s these</div>\n<div class=\"t m0 x7 h4f y113f ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets t<span class=\"_ _0\"></span>o maturi<span class=\"_ _0\"></span>ty in li<span class=\"_ _2b\"></span>ne with its lon<span class=\"_ _0\"></span>g<span class=\"ls0 ws0\">-<span class=\"ls102 ws115\">term i<span class=\"_ _2\"></span>lliquid liabi<span class=\"_ _2\"></span>lities. Althoug<span class=\"_ _2\"></span>h </span></span></div>\n<div class=\"t m0 x7 h4f y1140 ff173 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">short<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">term v<span class=\"_ _2b\"></span>olatility can b<span class=\"_ _2b\"></span>e significant,<span class=\"_ _2b\"></span> it is unlikely t<span class=\"_ _0\"></span>hat Age<span class=\"_ _0\"></span>as<span class=\"ls0 ws0\"> </span>would b<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y1141 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">forced t<span class=\"_ _0\"></span>o sell at<span class=\"_ _0\"></span> distre<span class=\"_ _0\"></span>ssed pri<span class=\"_ _0\"></span>ces, eve<span class=\"_ _2b\"></span>n though Ageas<span class=\"_ _0\"></span> can cho<span class=\"_ _0\"></span>ose to</div>\n<div class=\"t m0 x7 h4f y1142 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liquida<span class=\"_ _0\"></span>te thes<span class=\"_ _0\"></span>e assets <span class=\"_ _2b\"></span>if it considers<span class=\"_ _0\"></span> this th<span class=\"_ _0\"></span>e best c<span class=\"_ _0\"></span>ourse of <span class=\"_ _2b\"></span>action.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1143 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1144 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For interna<span class=\"_ _2\"></span>l risk management <span class=\"_ _2\"></span>purposes, Ageas consi<span class=\"_ _2\"></span>ders the sensitivit<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h4f y1145 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to long<span class=\"ls0 ws0\">-</span><span class=\"lse2\">term fundamental s<span class=\"_ _2\"></span>pread ri<span class=\"lse1 ws104\">sk, similar to the Solvency II \u201c<span class=\"_ _0\"></span>Volatility </span></span></div>\n<div class=\"t m0 x7 h4f y1146 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Adjust<span class=\"_ _0\"></span>ment\u201d conc<span class=\"_ _0\"></span>ept, but tak<span class=\"_ _2b\"></span>ing into account its<span class=\"_ _0\"></span> specific<span class=\"_ _0\"></span> portfoli<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x1a h4f y1147 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">characteristi<span class=\"_ _2\"></span>cs. This is considered <span class=\"wsf1\">mor<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in line wit<span class=\"_ _2b\"></span>h <span class=\"lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas\u2019<span class=\"ls0 ws0\">s </span>busine<span class=\"_ _2\"></span>ss<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1148 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">model, where rea<span class=\"_ _2\"></span>lising capital losses is<span class=\"_ _2\"></span> generally avoided, compared<span class=\"_ _2\"></span> to</div>\n<div class=\"t m0 x1a h4f y1149 ff173 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">a <span class=\"lse2 ws103\">pure mark<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">to</span>-</span>market approach.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y114a ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas\u2019s s<span class=\"_ _2b\"></span>pread risk tr<span class=\"_ _0\"></span>eatment<span class=\"_ _0\"></span> in the SC<span class=\"_ _0\"></span>R</div>\n<div class=\"t m0 xaf h64 y114b ff173 fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 xb6 h4f y114c ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lsfb ws127\">is a<span class=\"_ _2\"></span>s follows:<span class=\"_ _2\"></span></span> </div>\n<div class=\"t m0 x1a h4f y114d ff177 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff178\"> <span class=\"_ _46\"> </span><span class=\"ff173 lse2 wsfa\">In<span class=\"_ _2\"></span>clusion of fundam<span class=\"_ _2\"></span>ental spread for E<span class=\"_ _2\"></span>U sovereign and e<span class=\"_ _2\"></span>quivalent </span></span></div>\n<div class=\"t m0 x25a h4f y114e ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">exposures; <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y114f ff177 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff178\"> <span class=\"_ _46\"> </span><span class=\"ff173 lse2 wsfa\">E<span class=\"_ _2\"></span>xclusion of non</span><span class=\"ff173\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fund<span class=\"_ _0\"></span>amental<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>spr<span class=\"_ _0\"></span>ead for other d<span class=\"_ _2b\"></span>ebt.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h55 y1150 ff175 fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _2b\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1151 ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ws103\">sensi<span class=\"_ _2\"></span>tivities considered for the<span class=\"_ _2\"></span> impact of credit spread widen<span class=\"_ _2\"></span>ing on </span></div>\n<div class=\"t m0 x1a h4f y1152 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement an<span class=\"_ _2b\"></span>d IFRS equity d<span class=\"_ _0\"></span>epend on t<span class=\"_ _2b\"></span>he credit rat<span class=\"_ _0\"></span>ing and</div>\n<div class=\"t m0 x1a h4f y1153 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">duratio<span class=\"_ _0\"></span>n of the <span class=\"_ _0\"></span>asset con<span class=\"_ _2b\"></span>sidered. The<span class=\"_ _0\"></span>se stres<span class=\"_ _0\"></span>ses corr<span class=\"_ _2b\"></span>espond to a 1/3<span class=\"_ _0\"></span>0</div>\n<div class=\"t m0 x1a h4f y1154 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">return per<span class=\"_ _2\"></span>iod, and range be<span class=\"_ _2\"></span>tween +70bps for AAA<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">rate<span class=\"_ _2b\"></span>d assets to </span></div>\n<div class=\"t m0 x1a h4f y1155 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">+200bps <span class=\"_ _2\"></span>for BBB rated asset<span class=\"_ _2\"></span>s. Some operating <span class=\"_ _2\"></span>entities apply a</div>\n<div class=\"t m0 x1a h4f y1156 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">simplif<span class=\"_ _0\"></span>ied meth<span class=\"_ _0\"></span>od where th<span class=\"_ _0\"></span>e entire cr<span class=\"_ _0\"></span>edit portf<span class=\"_ _0\"></span>olio is sho<span class=\"_ _0\"></span>cked by</div>\n<div class=\"t m0 x1a h4f y1157 ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">+100bps.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1158 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1159 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y115a ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below shows t<span class=\"_ _0\"></span>he gros<span class=\"_ _0\"></span>s impact <span class=\"_ _0\"></span>on the IF<span class=\"_ _0\"></span>RS inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement an<span class=\"_ _0\"></span><span class=\"lse2 ws103\">d IFRS equity as th<span class=\"_ _2\"></span>e result of a spread sensi<span class=\"_ _2\"></span>tivity shock.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h52 y638 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 492px; bottom: 611px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 596px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 492px; bottom: 581px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y638 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 600px; bottom: 611px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 580px; bottom: 596px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y70b ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 571px; bottom: 581px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 668px; bottom: 611px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 679px; bottom: 596px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 668px; bottom: 581px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y638 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 611px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 757px; bottom: 596px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y70b ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 748px; bottom: 581px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff176 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 708px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 551px; z-index: 15;\">Spread risk <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsf3\">Credit spread widening<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x15a h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 551px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 591px; bottom: 551px; z-index: 15;\">(1,004)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 551px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 551px; z-index: 15;\">(1,291)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h9b y1161 ff173 fs64 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1162 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1163 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1164 ff173 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">D.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lsfa ws11e\">CURRENCY<span class=\"_ _2\"></span> RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1165 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Currency<span class=\"_ _0\"></span> risk aris<span class=\"_ _0\"></span>es from the s<span class=\"_ _0\"></span>ensitiv<span class=\"_ _0\"></span>ity of asset<span class=\"_ _0\"></span>s and liabi<span class=\"_ _0\"></span>lities t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x7 h4f y1166 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes in t<span class=\"_ _0\"></span>he level of cu<span class=\"_ _2b\"></span>rrency exchange rat<span class=\"_ _2b\"></span>es when there is a</div>\n<div class=\"t m0 x7 h4f y1167 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">mismatc<span class=\"_ _2b\"></span>h between the r<span class=\"_ _2b\"></span>elevant curre<span class=\"_ _0\"></span>ncy of t<span class=\"_ _0\"></span>he asset<span class=\"_ _0\"></span>s and lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span>. At</div>\n<div class=\"t m0 x7 h4f y1168 ff173 fs3a fc14 sc0 lsfd ws116\" style=\"z-index: 15;\">Gr<span class=\"lse0 wsf0\">oup level,<span class=\"_ _0\"></span> this includ<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>sit<span class=\"_ _2b\"></span>uations where Age<span class=\"_ _2b\"></span>as has assets (in </span></div>\n<div class=\"t m0 x7 h4f y1169 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">subsidiaries and<span class=\"_ _2\"></span> equity associates) or liabi<span class=\"_ _2\"></span>lities (from funding) that<span class=\"_ _2\"></span> are</div>\n<div class=\"t m0 x7 h4f y116a ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-</span><span class=\"ws103\">euro deno<span class=\"_ _2\"></span>minated.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y116b ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y116c ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019s<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">i<span class=\"_ _2\"></span>nvestment policy lim<span class=\"_ _2\"></span>its this risk b<span class=\"_ _2\"></span>y requiring the cur<span class=\"_ _2\"></span>rency </span></div>\n<div class=\"t m0 x1a h4f y116d ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">mismatch between a<span class=\"_ _2\"></span>ssets an<span class=\"ls102 ws115\">d liabilit<span class=\"_ _2\"></span>ies <span class=\"lsfc\">with<span class=\"_ _2\"></span>in<span class=\"ls0 ws0\"> </span></span></span>subsidiaries<span class=\"_ _2\"></span> to be</div>\n<div class=\"t m0 x1a h4f y116e ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">minimis<span class=\"_ _0\"></span>ed and in mos<span class=\"_ _0\"></span>t cases<span class=\"ls0 ws0\">, </span>it is elimi<span class=\"_ _2b\"></span>nated entirely. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y116f ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1170 ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019s<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">policy is not to hedg<span class=\"_ _0\"></span>e equity i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts and pe<span class=\"_ _0\"></span>rmanent </span></span></div>\n<div class=\"t m0 x1a h4f y1171 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">funding f<span class=\"_ _0\"></span>or subsidi<span class=\"_ _2b\"></span>aries and equity as<span class=\"_ _0\"></span>sociates i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>ency. Ag<span class=\"_ _0\"></span>eas</div>\n<div class=\"t m0 x1a h4f y1172 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accepts t<span class=\"_ _0\"></span>he misma<span class=\"_ _0\"></span>tch arisin<span class=\"_ _0\"></span>g from owne<span class=\"_ _0\"></span>rship of loc<span class=\"_ _0\"></span>al operat<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f y1173 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">companies i<span class=\"_ _2\"></span>n non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">euro curre<span class=\"_ _0\"></span>ncies as a cons<span class=\"_ _0\"></span>equenc<span class=\"_ _0\"></span>e of being an </span></span></div>\n<div class=\"t m0 x1a h4f y1174 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">internationa<span class=\"_ _2\"></span>l group.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 366px; height: 740px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 366px; height: 740px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 366px; height: 740px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff179 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The main curren<span class=\"_ _2\"></span>cy risk exposures to foreign curren<span class=\"_ _2\"></span>cies as at 31<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">December</span> <span class=\"lse0 wsfa\">are st<span class=\"_ _2b\"></span>ated in the fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g table. T<span class=\"_ _2b\"></span>he exposures s<span class=\"_ _0\"></span>hown ar<span class=\"_ _2b\"></span>e net (assets mi<span class=\"_ _2b\"></span>nus </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities)<span class=\"_ _2\"></span>, after any hedgi<span class=\"_ _2\"></span>ng denominated in <span class=\"_ _2\"></span>euros<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff179 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1049px; z-index: 15;\">At 31 December 2022<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 259px; bottom: 1049px; z-index: 15;\">HKD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 307px; bottom: 1049px; z-index: 15;\">GBP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 354px; bottom: 1049px; z-index: 15;\">USD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 401px; bottom: 1049px; z-index: 15;\">CNY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 450px; bottom: 1049px; z-index: 15;\">INR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff179 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 492px; bottom: 1049px; z-index: 15;\">MYR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 542px; bottom: 1049px; z-index: 15;\">PHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 589px; bottom: 1049px; z-index: 15;\">THB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 636px; bottom: 1049px; z-index: 15;\">VND<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 682px; bottom: 1049px; z-index: 15;\">RON<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 731px; bottom: 1049px; z-index: 15;\">TRY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y601 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1049px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff179 fs3c fc14 sc0 lse7 ws0\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Total a<span class=\"_ _0\"></span>ssets<span class=\"_ _0\"></span><span class=\"ls0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 1019px; z-index: 15;\">199<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 1019px; z-index: 15;\">3,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 1019px; z-index: 15;\">913<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 1019px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 443px; bottom: 1019px; z-index: 15;\">1,875<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 1019px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 1019px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 1019px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 1019px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 1019px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 1019px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 1019px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Total liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 268px; bottom: 1004px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 1004px; z-index: 15;\">2,596<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 367px; bottom: 1004px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 443px; bottom: 1004px; z-index: 15;\">1,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 697px; bottom: 1004px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 1004px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Total assets minus liabilities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 989px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 989px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 989px; z-index: 15;\">911<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 989px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 989px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 989px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 989px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 989px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 989px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 989px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 989px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 989px; z-index: 15;\">46<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc14 sc0 lse8 ws10b\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Off <span class=\"lse4 wsf4\">balance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 974px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 352px; bottom: 974px; z-index: 15;\">(435)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 959px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 959px; z-index: 15;\">589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 959px; z-index: 15;\">476<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 959px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 959px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 959px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 959px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 959px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 959px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 959px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 959px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 959px; z-index: 15;\">46<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Of which invested in subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">and equity associates</span> </div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 930px; z-index: 15;\">199<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 930px; z-index: 15;\">730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 363px; bottom: 930px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 930px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 930px; z-index: 15;\">420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 930px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 930px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 930px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 930px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 930px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 930px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff179 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 899px; z-index: 15;\">At 31 December 2021<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 259px; bottom: 899px; z-index: 15;\">HKD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 307px; bottom: 899px; z-index: 15;\">GBP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 354px; bottom: 899px; z-index: 15;\">USD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 401px; bottom: 899px; z-index: 15;\">CNY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 450px; bottom: 899px; z-index: 15;\">INR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff179 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 492px; bottom: 899px; z-index: 15;\">MYR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 542px; bottom: 899px; z-index: 15;\">PHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 589px; bottom: 899px; z-index: 15;\">THB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 636px; bottom: 899px; z-index: 15;\">VND<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 682px; bottom: 899px; z-index: 15;\">RON<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 731px; bottom: 899px; z-index: 15;\">TRY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 899px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff179 fs3c fc14 sc0 lse7 ws0\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Total a<span class=\"_ _0\"></span>ssets<span class=\"_ _0\"></span><span class=\"ls0\"> </span></div>\n<div class=\"t m0 x19e h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 869px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 869px; z-index: 15;\">4,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 350px; bottom: 869px; z-index: 15;\">1,343<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 869px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 869px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 869px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 869px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 869px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 869px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 869px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 869px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 869px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Total liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 268px; bottom: 854px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 854px; z-index: 15;\">4,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 367px; bottom: 854px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 697px; bottom: 854px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 854px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 839px; z-index: 15;\">Total assets minus liabilities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 839px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 839px; z-index: 15;\">964<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 350px; bottom: 839px; z-index: 15;\">1,342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 839px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 839px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 839px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 839px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 839px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 839px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 839px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 839px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 839px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">Off balance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 824px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 352px; bottom: 824px; z-index: 15;\">(678)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 809px; z-index: 15;\">Net position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 809px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 809px; z-index: 15;\">942<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 809px; z-index: 15;\">664<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 809px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 809px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 809px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 809px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 809px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 809px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 809px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 809px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 809px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 795px; z-index: 15;\">Of which invested in subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 780px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">and equity associates</span> </div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 780px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 780px; z-index: 15;\">939<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 363px; bottom: 780px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 780px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 780px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 780px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 780px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 780px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 780px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 780px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 780px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 780px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1185 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1186 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1187 ff179 fs3a fc28 sc0 lsf4 ws10c\" style=\"z-index: 15;\">E. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"lsfd ws160\">PROPERTY RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1188 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y risk aris<span class=\"_ _0\"></span>es as a result of<span class=\"_ _0\"></span> sensitiv<span class=\"_ _0\"></span>ity of assets<span class=\"_ _0\"></span> and liab<span class=\"_ _0\"></span>ilities to</div>\n<div class=\"t m0 x7 h4f y1189 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the level o<span class=\"_ _0\"></span>r volatili<span class=\"_ _0\"></span>ty of market<span class=\"_ _0\"></span> prices of pr<span class=\"_ _2b\"></span>operty or their yiel<span class=\"_ _0\"></span>d.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y118a ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y118b ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For risk man<span class=\"_ _0\"></span>agement<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>purp<span class=\"_ _0\"></span>oses, Ag<span class=\"_ _0\"></span>eas defi<span class=\"_ _0\"></span>nes the exp<span class=\"_ _0\"></span>osure to rea<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x7 h4f y118c ff179 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estate b<span class=\"_ _0\"></span>ased on t<span class=\"_ _2b\"></span>he market val<span class=\"_ _0\"></span>ue of the<span class=\"_ _2b\"></span>se as<span class=\"wsf0\">sets, inclu<span class=\"_ _0\"></span>ding ass<span class=\"_ _0\"></span>ets held </span></div>\n<div class=\"t m0 x7 h4f y118d ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for own use a<span class=\"_ _0\"></span>nd IFRS 16 le<span class=\"_ _0\"></span>ase asset<span class=\"_ _0\"></span>s. The exp<span class=\"_ _0\"></span>osure consi<span class=\"_ _2b\"></span>dered differs</div>\n<div class=\"t m0 x7 h4f y118e ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">from the exp<span class=\"_ _2b\"></span>osure reported un<span class=\"_ _0\"></span>der IFRS def<span class=\"_ _2b\"></span>initions, whic<span class=\"_ _0\"></span>h exclud<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x1a h4f y118f ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unrealised ga<span class=\"_ _2\"></span>ins or losses. <span class=\"_ _2\"></span>The table below i<span class=\"_ _2\"></span>dentifies what Agea<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y1190 ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">considers e<span class=\"_ _2\"></span>conomic exposur<span class=\"ws103\">e to rea<span class=\"_ _2\"></span>l estate and how this is reconci<span class=\"_ _2\"></span>led </span></div>\n<div class=\"t m0 x1a h4f y1191 ff179 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the fi<span class=\"_ _2b\"></span>gures reported<span class=\"_ _0\"></span> under I<span class=\"_ _0\"></span>FRS.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1192 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1193 ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For interna<span class=\"_ _2\"></span>l risk management <span class=\"_ _2\"></span>purposes, Ageas appli<span class=\"_ _2\"></span>es an internal</div>\n<div class=\"t m0 x1a h4f y1194 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">model for re<span class=\"_ _2b\"></span>al estate in its main subs<span class=\"_ _2b\"></span>idiaries, in whic<span class=\"_ _2b\"></span>h real estate risk is</div>\n<div class=\"t m0 x1a h4f y1195 ff179 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">treate<span class=\"_ _0\"></span>d accordi<span class=\"_ _0\"></span>ng to t<span class=\"_ _0\"></span>he underl<span class=\"_ _2b\"></span>yi<span class=\"lse2 ws103\">ng econom<span class=\"_ _2\"></span>ic exposure, rather than </span></div>\n<div class=\"t m0 x1a h4f y1196 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS clas<span class=\"_ _0\"></span>sificat<span class=\"_ _0\"></span>ion of the ass<span class=\"_ _2b\"></span>ets.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1197 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1198 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff179 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x25f h52 y608 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 575px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y608 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 575px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Type of a<span class=\"_ _0\"></span>sset<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y603 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y603 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff17b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y608 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y608 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Investment properties (see not<span class=\"_ _0\"></span>e 11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 530px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 530px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 515px; z-index: 15;\">PP&amp;E: land and buildin<span class=\"_ _0\"></span>gs for own use and <span class=\"_ _2b\"></span>C<span class=\"_ _2\"></span>ar park<span class=\"_ _0\"></span>s (see note 16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 515px; z-index: 15;\">2,038<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 515px; z-index: 15;\">1,592<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 500px; z-index: 15;\">Property intended for sale (see note 15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 500px; z-index: 15;\">240<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 500px; z-index: 15;\">323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff17c fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 485px; z-index: 15;\">Total<span class=\"_ _2\"></span> (at amorti<span class=\"_ _2\"></span>sed cost)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 485px; z-index: 15;\">5,308<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 485px; z-index: 15;\">5,032<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 470px; z-index: 15;\">Real estate funds (at fair value)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 470px; z-index: 15;\">619<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 470px; z-index: 15;\">1,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff17c fs3c fc1f sc0 lsec ws100\" style=\"left: 69px; bottom: 455px; z-index: 15;\">Total<span class=\"_ _2\"></span> IFRS real<span class=\"_ _2\"></span> estate exp<span class=\"_ _2\"></span>osure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 455px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 455px; z-index: 15;\">6,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f7 ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f7 ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff17b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 426px; z-index: 15;\">Unrealised capital gain (<span class=\"_ _0\"></span>Economic exposure)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y5fc ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5fc ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 411px; z-index: 15;\">Investment properties (see not<span class=\"_ _0\"></span>e 11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 411px; z-index: 15;\">1,237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 411px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 396px; z-index: 15;\">PP&amp;E: land and buildin<span class=\"_ _0\"></span>gs for own use <span class=\"_ _0\"></span>(see note 16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 396px; z-index: 15;\">763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 396px; z-index: 15;\">723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff17c fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 381px; z-index: 15;\">Total Economic real <span class=\"_ _0\"></span>estate exposure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 381px; z-index: 15;\">7,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 381px; z-index: 15;\">8,027<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 370px; height: 736px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 370px; height: 736px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 370px; height: 736px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ff180 fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _2b\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff17e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">sh<span class=\"_ _2b\"></span>ows the gross i<span class=\"_ _0\"></span>mpact on t<span class=\"_ _0\"></span>he IFR<span class=\"_ _0\"></span>S income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent and<span class=\"_ _0\"></span> IFRS equ<span class=\"_ _2b\"></span>ity as the result<span class=\"_ _0\"></span> of a pr<span class=\"_ _0\"></span>operty<span class=\"_ _0\"></span> stress c<span class=\"_ _0\"></span>orrespo<span class=\"_ _2b\"></span>nding to a 1/3<span class=\"lse2 ws103\">0 return </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period (on<span class=\"_ _2\"></span> average 14%).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 501px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff17e fs3c fc1f sc0 lsef ws10a\" style=\"left: 501px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y608 ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 586px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff17e fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 577px; bottom: 1004px; z-index: 15;\">IFRS <span class=\"lse4 wsf4\">Equity<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19d h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 674px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 684px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff17e fs3c fc1f sc0 lsef ws10a\" style=\"left: 674px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y608 ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 758px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff17e fs3c fc1f sc0 lse4 wsf6\" style=\"left: 749px; bottom: 1004px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 713px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 973px; z-index: 15;\">Property risk downwards<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 973px; z-index: 15;\">(142)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 973px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 973px; z-index: 15;\">(203)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 973px; z-index: 15;\">(307)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1135 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1136 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1137 ff17e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">F. <span class=\"ls0 ws0\"> <span class=\"_ _46\"> </span><span class=\"ls104 ws116\">MARK<span class=\"_ _0\"></span>ET CONCENTRATI<span class=\"_ _2b\"></span>O<span class=\"_ _2\"></span>N RISK<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1138 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Market ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>centrat<span class=\"_ _0\"></span>ion refer<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>to ris<span class=\"_ _2b\"></span>ks stemming from a l<span class=\"_ _0\"></span>ack of</div>\n<div class=\"t m0 x7 h4f y1139 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">diversi<span class=\"_ _0\"></span>ficatio<span class=\"_ _0\"></span>n in the asset<span class=\"_ _0\"></span> portfoli<span class=\"_ _0\"></span>o stemmi<span class=\"_ _0\"></span>ng from a lar<span class=\"_ _0\"></span>ge expos<span class=\"_ _0\"></span>ure by a</div>\n<div class=\"t m0 x7 h4f y113a ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">single is<span class=\"_ _2\"></span>suer of securities<span class=\"_ _2\"></span> or a group of r<span class=\"_ _2\"></span>elated issuers.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y113b ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y113c ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Concentration<span class=\"_ _2\"></span> risk can arise <span class=\"_ _2\"></span>due to large aggrega<span class=\"_ _2\"></span>te exposures to<span class=\"_ _2\"></span> single</div>\n<div class=\"t m0 x7 h4f y113d ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">counte<span class=\"_ _0\"></span>rparties o<span class=\"_ _2b\"></span>r an aggregate of exp<span class=\"_ _0\"></span>osures to a nu<span class=\"_ _0\"></span>mber of pos<span class=\"_ _0\"></span>itively</div>\n<div class=\"t m0 x7 h4f y113e ff17e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">correlat<span class=\"ws103\">ed coun<span class=\"_ _2\"></span>terparties (i.e. tendency t<span class=\"_ _2\"></span>o default under similar </span></div>\n<div class=\"t m0 x7 h4f y113f ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">circumst<span class=\"_ _2b\"></span>ances) with t<span class=\"_ _2b\"></span>he potential t<span class=\"_ _0\"></span>o produc<span class=\"_ _2b\"></span>e a significa<span class=\"_ _0\"></span>nt <span class=\"lse2 wsf1\">number<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">of </span></span></span></div>\n<div class=\"t m0 x7 h4f y1140 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ents due to<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>a bankr<span class=\"_ _2b\"></span>uptcy or failure to p<span class=\"_ _0\"></span>ay. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1141 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1142 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Avoida<span class=\"_ _0\"></span>nce of co<span class=\"_ _0\"></span>ncentr<span class=\"_ _0\"></span>ation is t<span class=\"_ _0\"></span>herefo<span class=\"_ _0\"></span>re funda<span class=\"_ _0\"></span>mental<span class=\"_ _0\"></span> to <span class=\"lse2 wsf1\">Ageas</span><span class=\"lsfb\">'s<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">c<span class=\"_ _2\"></span>redit </span></span></span></div>\n<div class=\"t m0 x7 h4f y1143 ff17e fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">risk s<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">trat<span class=\"_ _0\"></span>egy of m<span class=\"_ _0\"></span>aintai<span class=\"_ _0\"></span>ning gr<span class=\"_ _0\"></span>anular, <span class=\"_ _0\"></span>liquid a<span class=\"_ _0\"></span>nd dive<span class=\"_ _0\"></span>rsified p<span class=\"_ _2b\"></span>ortfolios. </span></div>\n<div class=\"t m0 x7 h4f y1144 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Each loc<span class=\"_ _2b\"></span>al business is <span class=\"_ _0\"></span>respons<span class=\"_ _0\"></span>ible for<span class=\"_ _2b\"></span> its own counte<span class=\"_ _0\"></span>rparty<span class=\"_ _0\"></span> limits, t<span class=\"_ _2b\"></span>aking</div>\n<div class=\"t m0 x7 h4f y1145 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">into acco<span class=\"_ _0\"></span>unt its part<span class=\"_ _0\"></span>icular sit<span class=\"_ _2b\"></span>uation and any Gro<span class=\"_ _0\"></span>up requirem<span class=\"_ _2b\"></span>ents. Each</div>\n<div class=\"t m0 x7 h4f y1146 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">local bus<span class=\"_ _2b\"></span>iness is in ch<span class=\"_ _0\"></span>arge of c<span class=\"_ _2b\"></span>ontinuous <span class=\"lse2\">monitoring. Periodi<span class=\"_ _2\"></span>c reporting </span></div>\n<div class=\"t m0 x7 h4f y11a9 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">allows t<span class=\"_ _0\"></span>he Grou<span class=\"_ _2b\"></span>p to check thes<span class=\"_ _0\"></span>e limit<span class=\"_ _0\"></span>s and mon<span class=\"_ _2b\"></span>itor the overa<span class=\"_ _0\"></span>ll posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y11aa ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11ab ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">To mana<span class=\"_ _0\"></span>ge the c<span class=\"_ _0\"></span>oncentr<span class=\"_ _0\"></span>ation of<span class=\"_ _0\"></span> credi<span class=\"_ _0\"></span>t risk, <span class=\"_ _0\"></span>Ageas\u2019s i<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ent limits</div>\n<div class=\"t m0 x7 h4f y11ac ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">aim to s<span class=\"_ _0\"></span>pread th<span class=\"_ _0\"></span>e credit<span class=\"_ _0\"></span> risk ac<span class=\"_ _0\"></span>ross dif<span class=\"_ _2b\"></span>ferent secto<span class=\"_ _0\"></span>rs and co<span class=\"_ _0\"></span>untries<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x7 h4f y11ad ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas monit<span class=\"ws103\">o<span class=\"_ _2\"></span>rs its largest exposures to<span class=\"_ _2\"></span> individual entities, group<span class=\"_ _2\"></span>s of </span></div>\n<div class=\"t m0 x7 h4f y11ae ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compani<span class=\"_ _2b\"></span>es (Total One Oblig<span class=\"_ _0\"></span>or) and othe<span class=\"_ _0\"></span>r potent<span class=\"_ _0\"></span>ial concent<span class=\"_ _2b\"></span>rations such</div>\n<div class=\"t m0 x7 h4f y11af ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as sectors<span class=\"_ _0\"></span> and geogra<span class=\"_ _2b\"></span>phic areas to ensur<span class=\"_ _0\"></span>e adequat<span class=\"_ _0\"></span>e diversif<span class=\"_ _2b\"></span>ication and</div>\n<div class=\"t m0 x7 h4f y11b0 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">identif<span class=\"_ _0\"></span>icatio<span class=\"_ _0\"></span>n of signific<span class=\"_ _2b\"></span>ant concentrat<span class=\"_ _0\"></span>ion risk.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 554px; height: 377px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x1a h4f y11b1 ff17e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">G. <span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span>I<span class=\"ls104 ws116\">NFLATION RISK</span> </span></div>\n<div class=\"t m0 x1a h4f y11b2 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Inflati<span class=\"_ _0\"></span>on risk a<span class=\"_ _0\"></span>rises t<span class=\"_ _0\"></span>hrough t<span class=\"_ _0\"></span>he impa<span class=\"_ _0\"></span>ct of t<span class=\"_ _0\"></span>he level <span class=\"_ _0\"></span>or volati<span class=\"_ _2b\"></span>lity of inflat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y11b3 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rates on the v<span class=\"_ _0\"></span>alue of ass<span class=\"_ _0\"></span>ets &amp; liabil<span class=\"_ _0\"></span>ities.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11b4 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y11b5 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not activ<span class=\"_ _0\"></span>ely seek to tak<span class=\"_ _2b\"></span>e on inflation risk<span class=\"_ _0\"></span>; however,<span class=\"_ _0\"></span> it may</div>\n<div class=\"t m0 x1a h4f y11b6 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">choose to h<span class=\"_ _0\"></span>old assets<span class=\"_ _0\"></span> whose retu<span class=\"_ _2b\"></span>rns are expl<span class=\"wsfa\">icitly<span class=\"_ _0\"></span> linke<span class=\"_ _0\"></span>d to infl<span class=\"_ _0\"></span>ation. </span></div>\n<div class=\"t m0 x1a h4f y11b7 ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Moreover, <span class=\"_ _2\"></span>some insurance liabil<span class=\"_ _2\"></span>ities are expli<span class=\"_ _2\"></span>citly or implicitly<span class=\"_ _2\"></span> dependent</div>\n<div class=\"t m0 x1a h4f y11b8 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on inflat<span class=\"_ _0\"></span>ion rates.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Inflatio<span class=\"_ _0\"></span>n risk can man<span class=\"_ _2b\"></span>ifest in differen<span class=\"_ _0\"></span>t ways, suc<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>as </span></span></div>\n<div class=\"t m0 x1a h4f y11b9 ff17e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">higher than ant<span class=\"_ _2\"></span>icipated expenses and claims<span class=\"_ _2\"></span> costs. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11ba ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y11bb ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life insu<span class=\"_ _0\"></span>rance obl<span class=\"_ _0\"></span>igatio<span class=\"lse2 ws103\">ns are typically expressed in nom<span class=\"_ _2\"></span>inal terms, </span></div>\n<div class=\"t m0 x1a h4f y11bc ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">however f<span class=\"_ _2b\"></span>or Non<span class=\"ls0 ws0\">-</span>Life and H<span class=\"_ _0\"></span>ealth li<span class=\"_ _2b\"></span>nes inflation c<span class=\"_ _2b\"></span>an result in cl<span class=\"_ _0\"></span>aims th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x1a h4f y11bd ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are high<span class=\"_ _2b\"></span>er than assumed <span class=\"_ _2b\"></span>in terms of pric<span class=\"_ _0\"></span>ing. Th<span class=\"_ _0\"></span>is can b<span class=\"_ _0\"></span>e mitig<span class=\"_ _0\"></span>ated</div>\n<div class=\"t m0 x1a h4f y11be ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through pe<span class=\"_ _2\"></span>riodic review of prod<span class=\"_ _2\"></span>uct pricing and<span class=\"_ _2\"></span> through controls <span class=\"_ _2\"></span>in the<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11bf ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">claims mana<span class=\"_ _2\"></span>gement process.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11c0 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y11c1 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Where A<span class=\"_ _0\"></span>geas co<span class=\"_ _0\"></span>nsiders<span class=\"_ _0\"></span> that th<span class=\"_ _0\"></span>e inflat<span class=\"_ _0\"></span>ion risk <span class=\"_ _2b\"></span>is not adequate<span class=\"_ _0\"></span>ly cove<span class=\"_ _0\"></span>red</div>\n<div class=\"t m0 x1a h4f y11c2 ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">in under <span class=\"_ _2\"></span>the regulatory capi<span class=\"_ _2\"></span>tal regime<span class=\"ls0 ws0\"> </span><span class=\"ws103\">or through<span class=\"_ _2\"></span> indirect methods<span class=\"lsf4 ws0\">, it </span></span></div>\n<div class=\"t m0 x1a h4f y11c3 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">may consi<span class=\"_ _0\"></span>der an <span class=\"lse2 wsfa\">explicit add<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span>on fo<span class=\"_ _0\"></span>r inflati<span class=\"_ _0\"></span>on risk unde<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>Pill<span class=\"_ _2b\"></span>ar II.<span class=\"ls0 ws0\"> T<span class=\"_ _2\"></span><span class=\"ls106 ws10c\">his is </span></span></div>\n<div class=\"t m0 x1a h4f y11c4 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">current<span class=\"_ _0\"></span>ly done in cou<span class=\"_ _0\"></span>ntries wit<span class=\"_ _2b\"></span>h material inflat<span class=\"_ _2b\"></span>ion risk related to an<span class=\"_ _0\"></span>nuities<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y11c5 ff17e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">stemming from<span class=\"_ _2\"></span> Workmen\u2019s Compensation policies<span class=\"_ _2\"></span>.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 553px; height: 553px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 553px; height: 553px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 553px; height: 553px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff183 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he concent<span class=\"_ _2b\"></span>ration of credit ri<span class=\"_ _0\"></span>sk as at 31 Dec<span class=\"_ _0\"></span>ember by typ<span class=\"_ _0\"></span>e and by<span class=\"ls0 ws0\"> </span>locat<span class=\"_ _0\"></span>ion of the Ageas<span class=\"_ _0\"></span> entity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 1065px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 1050px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 1035px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 1050px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 1035px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 1050px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 1035px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 1050px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x164 h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 1035px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 1035px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y603 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 1035px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 1005px; z-index: 15;\">27,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 1005px; z-index: 15;\">12,865<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 1005px; z-index: 15;\">9,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 1005px; z-index: 15;\">1,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 1005px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1005px; z-index: 15;\">50,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 990px; z-index: 15;\">3,832<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 990px; z-index: 15;\">2,246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 990px; z-index: 15;\">2,211<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 990px; z-index: 15;\">119<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">8,408<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 975px; z-index: 15;\">3,504<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 975px; z-index: 15;\">1,402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 975px; z-index: 15;\">653<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f4 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 975px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">5,645<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 960px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 960px; z-index: 15;\">328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 960px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 960px; z-index: 15;\">1,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f2 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 960px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">2,763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 945px; z-index: 15;\">766<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 945px; z-index: 15;\">417<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 513px; bottom: 945px; z-index: 15;\">7</div>\n<div class=\"t m0 x52 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 606px; bottom: 945px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 945px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,204<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 931px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 931px; z-index: 15;\">756<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 931px; z-index: 15;\">226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f9 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f9 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 931px; z-index: 15;\">1,445<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">General Account and elimina<span class=\"_ _0\"></span>tions*<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 916px; z-index: 15;\">693<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 916px; z-index: 15;\">(1,570)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 916px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 916px; z-index: 15;\">(800)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y656 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 901px; z-index: 15;\">32,214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 901px; z-index: 15;\">16,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 901px; z-index: 15;\">10,001<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 901px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 901px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 901px; z-index: 15;\">61,208<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y63a ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 ydd0 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 854px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 839px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 290px; bottom: 824px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 839px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 824px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 839px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 824px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 839px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 824px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 824px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 824px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 794px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 794px; z-index: 15;\">33,435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 794px; z-index: 15;\">15,281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 794px; z-index: 15;\">7,924<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 794px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 794px; z-index: 15;\">78<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 794px; z-index: 15;\">58,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 779px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 779px; z-index: 15;\">6,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 779px; z-index: 15;\">3,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 779px; z-index: 15;\">2,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 779px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 779px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 779px; z-index: 15;\">12,925<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 764px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 764px; z-index: 15;\">4,330<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 764px; z-index: 15;\">1,747<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 764px; z-index: 15;\">661<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y605 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 764px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 764px; z-index: 15;\">60<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 764px; z-index: 15;\">6,798<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 749px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 749px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 749px; z-index: 15;\">1,142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 749px; z-index: 15;\">1,708<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y603 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 749px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 749px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 749px; z-index: 15;\">3,228<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 734px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 734px; z-index: 15;\">2,014<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 734px; z-index: 15;\">792<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 734px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 734px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 734px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 734px; z-index: 15;\">2,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 719px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 719px; z-index: 15;\">4</div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 719px; z-index: 15;\">8</div>\n<div class=\"t m0 x30 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 719px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 705px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 705px; z-index: 15;\">522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 705px; z-index: 15;\">979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 705px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 705px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f2 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 705px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 705px; z-index: 15;\">1,737<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 690px; z-index: 15;\">General Account and elimina<span class=\"_ _0\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 690px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 690px; z-index: 15;\">1,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 690px; z-index: 15;\">(1,516)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 690px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 690px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 690px; z-index: 15;\">(313)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 675px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 675px; z-index: 15;\">40,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 675px; z-index: 15;\">21,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 496px; bottom: 675px; z-index: 15;\">9,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 675px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 675px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 675px; z-index: 15;\">72,760<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y11dc ff185 fs3f fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">* <span class=\"_ _1af\"> </span><span class=\"lsf1 ws107\">The line \u2018General Account and eliminations\u2019 is mainly linked to the reinsurance programme</span> <span class=\"lsf1 ws107\">and Group Treasur<span class=\"_ _2\"></span>y.</span> </div>\n<div class=\"t m0 x7 h4f y11dd ff183 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11de ff183 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y11df ff183 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es inform<span class=\"_ _2b\"></span>ation on the co<span class=\"_ _2b\"></span>ncentration of<span class=\"_ _0\"></span> credit r<span class=\"_ _2b\"></span>isk as at 31 Dec<span class=\"_ _2b\"></span>ember by type an<span class=\"_ _2b\"></span>d location of <span class=\"lse2 wsf1\">counterparty.<span class=\"ls0 ws0\"> </span></span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 550px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 580px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff183 fs3c fc1f sc0 ls0 ws0\" style=\"left: 287px; bottom: 565px; z-index: 15;\"> <span class=\"lse4 wsf3\">and official </span> </div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 550px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 565px; z-index: 15;\">Credit <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 383px; bottom: 550px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 565px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 550px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 565px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 550px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 550px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f9 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 550px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 520px; z-index: 15;\">16,534<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 520px; z-index: 15;\">1,769<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 520px; z-index: 15;\">2,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 520px; z-index: 15;\">1,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 520px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 520px; z-index: 15;\">22,833<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 505px; z-index: 15;\">14,857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 505px; z-index: 15;\">11,864<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 505px; z-index: 15;\">7,212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 505px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 505px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 505px; z-index: 15;\">34,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 490px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 490px; z-index: 15;\">4,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 490px; z-index: 15;\">3,009<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 490px; z-index: 15;\">1,428<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 490px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 490px; z-index: 15;\">1</div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 490px; z-index: 15;\">8,715<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 475px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 475px; z-index: 15;\">1,580<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 475px; z-index: 15;\">324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 475px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 475px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 475px; z-index: 15;\">2,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 460px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 460px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 460px; z-index: 15;\">1,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 460px; z-index: 15;\">803<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 460px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 460px; z-index: 15;\">2,303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 445px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 445px; z-index: 15;\">8,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 445px; z-index: 15;\">7,273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 445px; z-index: 15;\">4,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y647 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 606px; bottom: 445px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 445px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 445px; z-index: 15;\">20,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 430px; z-index: 15;\">764<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 430px; z-index: 15;\">818<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 430px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 430px; z-index: 15;\">4</div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 430px; z-index: 15;\">1,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Other countries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 323px; bottom: 416px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 416px; z-index: 15;\">2,526<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 416px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 416px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 416px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 416px; z-index: 15;\">2,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 401px; z-index: 15;\">32,214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 401px; z-index: 15;\">16,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 401px; z-index: 15;\">10,001<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 401px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 401px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 401px; z-index: 15;\">61,208<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 324px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y608 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 354px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 339px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 324px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 339px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 324px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 339px; z-index: 15;\">Corporate <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 324px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 339px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 324px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 324px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f2 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 324px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 293px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 293px; z-index: 15;\">20,604<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 293px; z-index: 15;\">2,308<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 293px; z-index: 15;\">2,343<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 293px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 293px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 293px; z-index: 15;\">27,102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 279px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 279px; z-index: 15;\">19,935<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 279px; z-index: 15;\">14,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 279px; z-index: 15;\">6,635<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 279px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 279px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 279px; z-index: 15;\">41,600<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 264px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 264px; z-index: 15;\">6,193<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 264px; z-index: 15;\">4,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 264px; z-index: 15;\">1,362<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 264px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 264px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 264px; z-index: 15;\">11,862<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 249px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 249px; z-index: 15;\">2,530<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 249px; z-index: 15;\">255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 249px; z-index: 15;\">241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 249px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 249px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 249px; z-index: 15;\">3,047<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 234px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 234px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 234px; z-index: 15;\">1,415<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 234px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 234px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 234px; z-index: 15;\">2,592<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 219px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 219px; z-index: 15;\">10,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 219px; z-index: 15;\">8,992<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 219px; z-index: 15;\">4,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 219px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 219px; z-index: 15;\">24,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 204px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 204px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 204px; z-index: 15;\">493<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 204px; z-index: 15;\">65<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 204px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 204px; z-index: 15;\">2</div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 204px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 190px; z-index: 15;\">Other countries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 190px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 190px; z-index: 15;\">3,323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 190px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y601 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 190px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 190px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 190px; z-index: 15;\">3,498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 175px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 175px; z-index: 15;\">40,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 175px; z-index: 15;\">21,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 496px; bottom: 175px; z-index: 15;\">9,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 175px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 175px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 175px; z-index: 15;\">72,760<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 164px; height: 942px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 164px; height: 942px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 164px; height: 942px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 164px; height: 942px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below shows t<span class=\"_ _0\"></span>he highe<span class=\"_ _2b\"></span>st exposures t<span class=\"_ _2b\"></span>o ultimate par<span class=\"_ _2b\"></span>ents measured<span class=\"_ _2b\"></span> at fair value an<span class=\"_ _2b\"></span>d nominal val<span class=\"_ _0\"></span>ue with t<span class=\"_ _2b\"></span>heir ratings.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1065px; z-index: 15;\">Highest Exposure Top 10<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19a h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 487px; bottom: 1065px; z-index: 15;\">Group Rating<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 1065px; z-index: 15;\">Fair Value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 739px; bottom: 1065px; z-index: 15;\">Nominal Value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 513px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff188 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Kingdom of Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5ff ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 506px; bottom: 1035px; z-index: 15;\">AA<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x52 h52 y5ff ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1035px; z-index: 15;\">14,849<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y5ff ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1035px; z-index: 15;\">15,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">French Republic<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 507px; bottom: 1020px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 1020px; z-index: 15;\">4,862<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1020px; z-index: 15;\">4,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Portuguese Republic<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 1005px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 1005px; z-index: 15;\">2,599<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1005px; z-index: 15;\">2,591<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff188 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Kingdom of Spain<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 502px; bottom: 990px; z-index: 15;\">BBB+<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 990px; z-index: 15;\">2,208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">2,296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Republic of Austria<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 975px; z-index: 15;\">AA+<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 975px; z-index: 15;\">1,656<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">1,569<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Republic of Italy<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 502px; bottom: 960px; z-index: 15;\">BBB<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 960px; z-index: 15;\">1,216<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">1,553<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Federal Republic of Germany<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 945px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 945px; z-index: 15;\">1,151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 931px; z-index: 15;\">European <span class=\"wsf6\">Investment Bank<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 931px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f9 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 931px; z-index: 15;\">904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f9 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 931px; z-index: 15;\">899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Republic of India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 502px; bottom: 916px; z-index: 15;\">BBB<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x5c h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 916px; z-index: 15;\">743<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">731<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff188 fs3c fc14 sc0 lsf0 wsff\" style=\"left: 69px; bottom: 901px; z-index: 15;\">BNP Par<span class=\"_ _2\"></span>ibas SA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y656 ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 507px; bottom: 901px; z-index: 15;\">A+<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 901px; z-index: 15;\">736<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff18a fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5f7 ff18a fs3c fc1f sc0 ls0 ws0\" style=\"left: 513px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h54 y5f7 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 886px; z-index: 15;\">30,924<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f7 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 886px; z-index: 15;\">31,423<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y11f6 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11f7 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The Kin<span class=\"_ _0\"></span>gdom of B<span class=\"_ _0\"></span>elgium <span class=\"_ _0\"></span>remains t<span class=\"_ _2b\"></span>he top count<span class=\"_ _0\"></span>erparty.<span class=\"_ _0\"></span> Large ex<span class=\"_ _2b\"></span>posures in Lif<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance sub<span class=\"_ _0\"></span>sidiari<span class=\"_ _2b\"></span>es typically res<span class=\"_ _2b\"></span>ult from the pr<span class=\"_ _0\"></span>actice of<span class=\"_ _0\"></span> <span class=\"lse2\">holding large </span></div>\n<div class=\"t m0 x7 h4f y11f8 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">domest<span class=\"_ _0\"></span>ic sover<span class=\"_ _0\"></span>eign pos<span class=\"_ _0\"></span>itions.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 828px; height: 278px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 828px; height: 278px; width: 92%; z-index: 3;\"><br/></div>\n\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y11f9 ff18b fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.1.2 <span class=\"ls0 ws0\"> <span class=\"_\"> </span></span><span class=\"wsf0\">Default risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y11fa ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Default ri<span class=\"_ _2b\"></span>sk is composed of two su<span class=\"_ _0\"></span>b<span class=\"ls0 ws0\">-</span><span class=\"lse1\">risks:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y11fb ff188 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">a.<span class=\"ls0 ws0\"> <span class=\"_ _22\"> </span></span><span class=\"wsf0\">investm<span class=\"_ _0\"></span>ent defau<span class=\"_ _0\"></span>lt risk;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y11fc ff188 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">b.<span class=\"ls0 ws0\"> <span class=\"_ _22\"> </span><span class=\"lse2 wsfa\">counterpart<span class=\"_ _2\"></span>y default risk.</span> </span></div>\n<div class=\"t m0 x7 h4f y11fd ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11fe ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The credit<span class=\"_ _0\"></span> exposur<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>n be found in not<span class=\"_ _0\"></span>e 9 Cash and c<span class=\"_ _0\"></span>ash equiva<span class=\"_ _0\"></span>lents; not<span class=\"_ _0\"></span>e 12 Loans; N<span class=\"_ _0\"></span>o<span class=\"lse2 ws103\">te 27 Derivatives held<span class=\"_ _2\"></span> for Trading and note 28 Commit<span class=\"_ _2\"></span>ments.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y11ff ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1200 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he impai<span class=\"_ _0\"></span>red credit ris<span class=\"_ _2b\"></span>k exposure as at 31 De<span class=\"_ _0\"></span>cember<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1201 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 415px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 492px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 549px; bottom: 666px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 642px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 720px; bottom: 666px; z-index: 15;\">  </div>\n<div><br/></div>\n<div class=\"t m0 x11e h52 y63a ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 666px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 381px; bottom: 636px; z-index: 15;\">Impaired<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 368px; bottom: 621px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 443px; bottom: 651px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 449px; bottom: 636px; z-index: 15;\">for specific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff188 fs3c fc1f sc0 lsef ws102\" style=\"left: 454px; bottom: 621px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 530px; bottom: 636px; z-index: 15;\">Coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff188 fs3c fc1f sc0 lsef ws10a\" style=\"left: 550px; bottom: 621px; z-index: 15;\">ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 636px; z-index: 15;\">Impaired<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 596px; bottom: 621px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 672px; bottom: 651px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y647 ff188 fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 678px; bottom: 636px; z-index: 15;\">for <span class=\"lsef ws10a\">s<span class=\"_ _2\"></span>pecific<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x152 h52 y603 ff188 fs3c fc1f sc0 lsef ws102\" style=\"left: 683px; bottom: 621px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 758px; bottom: 636px; z-index: 15;\">Coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff188 fs3c fc1f sc0 lsef ws10a\" style=\"left: 778px; bottom: 621px; z-index: 15;\">ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 415px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y601 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 492px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h54 y601 ff18b fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff18b fs3c fc14 sc0 ls0 ws0\" style=\"left: 642px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff18b fs3c fc14 sc0 ls0 ws0\" style=\"left: 720px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h54 y601 ff18b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 591px; z-index: 15;\">Interest bearing investments (<span class=\"_ _0\"></span>see note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 591px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 591px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 537px; bottom: 591px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 638px; bottom: 591px; z-index: 15;\">6</div>\n<div class=\"t m0 x160 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 591px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 591px; z-index: 15;\">350.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 576px; z-index: 15;\">Loans (see note 12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 576px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 576px; z-index: 15;\">(24)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 542px; bottom: 576px; z-index: 15;\">57.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 576px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 576px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 576px; z-index: 15;\">58.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 561px; z-index: 15;\">Other receivables (see no<span class=\"_ _0\"></span>te 14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 561px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 561px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 542px; bottom: 561px; z-index: 15;\">58.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 561px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 561px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 561px; z-index: 15;\">162.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 415px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 492px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 642px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 720px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y632 ff18a fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 531px; z-index: 15;\">Total im<span class=\"_ _2b\"></span>paired credi<span class=\"_ _0\"></span>t expos<span class=\"_ _2b\"></span>ure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 400px; bottom: 531px; z-index: 15;\">140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 531px; z-index: 15;\">(87)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 542px; bottom: 531px; z-index: 15;\">62.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 633px; bottom: 531px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 705px; bottom: 531px; z-index: 15;\">(98)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 765px; bottom: 531px; z-index: 15;\">121.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y120c ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y120d ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y120e ff188 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">A. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"lse2 ws103\">INVESTMENT DEFAULT RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y120f ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The inves<span class=\"_ _0\"></span>tment <span class=\"_ _0\"></span>default<span class=\"_ _0\"></span> risk re<span class=\"_ _0\"></span>present<span class=\"_ _0\"></span>s the r<span class=\"lse1 ws11d\">isk of actual default of </span></div>\n<div class=\"t m0 x7 h4f y1210 ff188 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">inves<span class=\"_ _2b\"></span>tments. Valu<span class=\"_ _2b\"></span>e movements d<span class=\"_ _0\"></span>ue to mark<span class=\"_ _0\"></span>et short<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">term </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1211 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity are cove<span class=\"_ _2b\"></span>red under market ri<span class=\"_ _0\"></span>sk. This do<span class=\"_ _0\"></span>es not inclu<span class=\"_ _2b\"></span>de contracts</div>\n<div class=\"t m0 x7 h4f y1212 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">covered <span class=\"_ _2b\"></span>under counter<span class=\"_ _0\"></span>party def<span class=\"_ _2b\"></span>ault risk (see s<span class=\"_ _2b\"></span>ection B).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1213 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1214 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This risk is m<span class=\"_ _2b\"></span>anaged through lim<span class=\"_ _2b\"></span>its which take int<span class=\"_ _0\"></span>o account<span class=\"_ _0\"></span> the type of</div>\n<div class=\"t m0 x7 h4f y1215 ff188 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit exposure<span class=\"_ _2\"></span>, credit quality and, where<span class=\"_ _2\"></span> needed, maturity, and throu<span class=\"_ _2\"></span>gh</div>\n<div class=\"t m0 x7 h4f y1216 ff188 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">regular mon<span class=\"_ _2\"></span>itoring and early w<span class=\"_ _2\"></span>arning systems. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1217 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1218 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment expos<span class=\"_ _0\"></span>ures are mo<span class=\"_ _0\"></span>nitored t<span class=\"_ _0\"></span>hrough a qua<span class=\"_ _2b\"></span>rterly Limit Br<span class=\"wsef\">ea<span class=\"_ _0\"></span>ch </span></div>\n<div class=\"t m0 x7 h4f y1219 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Report. L<span class=\"_ _0\"></span>imits are mo<span class=\"_ _2b\"></span>nitored on fair val<span class=\"_ _0\"></span>ues based o<span class=\"_ _0\"></span>n asset</div>\n<div class=\"t m0 x7 h4f y121a ff188 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">classificati<span class=\"_ _2\"></span>on. The limits are defined<span class=\"_ _2\"></span> by the following categories.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y121b ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y121c ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Limits on g<span class=\"_ _0\"></span>overnment<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>bond<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>e defined by c<span class=\"_ _0\"></span>ountry in m<span class=\"_ _0\"></span>ultiple w<span class=\"_ _2b\"></span>ays:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y121d ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse0 wsf0\">\u2018macro limits\u2019, d<span class=\"_ _0\"></span>efined as p<span class=\"_ _0\"></span>ercenta<span class=\"_ _2b\"></span>ges of gross <span class=\"lse2 wsfa\">domestic produ<span class=\"_ _2\"></span>ct </span></span></span></div>\n<div class=\"t m0 x25a h4f y121e ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(GDP), g<span class=\"_ _0\"></span>overnm<span class=\"_ _2b\"></span>ent debt and inv<span class=\"_ _2b\"></span>estment asset<span class=\"_ _0\"></span>s;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y121f ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 ws103\">T<span class=\"_ _2\"></span>otal One Obligor (TOO) limi<span class=\"_ _2\"></span>ts defined as maximum exposu<span class=\"_ _2\"></span>re to </span></span></div>\n<div class=\"t m0 x25a h4f y1220 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">one oblig<span class=\"_ _0\"></span>or based on cr<span class=\"_ _0\"></span>edit rati<span class=\"_ _0\"></span>ngs;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1221 ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 wsf1\">(<span class=\"_ _2\"></span>re</span><span class=\"ff188\">-<span class=\"lse0 wsfa\">)invest<span class=\"_ _0\"></span>ment re<span class=\"_ _2b\"></span>strictions: I<span class=\"_ _2b\"></span>ncreases in ex<span class=\"_ _0\"></span>posure t<span class=\"_ _0\"></span>o <span class=\"lse2 wsf1\">sovereigns<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x25a h4f y1222 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rated B<span class=\"_ _0\"></span>BB are on<span class=\"_ _2b\"></span>ly allowed o<span class=\"wsf0\">n the<span class=\"_ _0\"></span> conditio<span class=\"_ _0\"></span>n of having a st<span class=\"_ _0\"></span>able </span></div>\n<div class=\"t m0 x25a h4f y1223 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outlook<span class=\"_ _0\"></span>. No new <span class=\"_ _0\"></span>investm<span class=\"_ _2b\"></span>ents in soverei<span class=\"_ _0\"></span>gn debt w<span class=\"_ _2b\"></span>ith a rating be<span class=\"_ _0\"></span>low</div>\n<div class=\"t m0 x25a h4f y1224 ff188 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">BBB without the<span class=\"_ _2\"></span> approval of the A<span class=\"wsf1\">geas <span class=\"ls0 ws0\">R<span class=\"_ _2\"></span><span class=\"lse1 wsf0\">isk </span>C</span>ommittee<span class=\"lsf4 ws10c\">. <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y1225 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1226 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Limits o<span class=\"_ _0\"></span>n corpo<span class=\"_ _0\"></span>rate bon<span class=\"_ _0\"></span>ds are a<span class=\"_ _0\"></span>lso defi<span class=\"_ _0\"></span>ned on m<span class=\"_ _2b\"></span>ultiple criter<span class=\"_ _0\"></span>ia:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1227 ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 wsfa\">T<span class=\"_ _2\"></span>otal corporate bon<span class=\"_ _2\"></span>ds exposure as <span class=\"lse0 wsf0\">a percentage of the po<span class=\"_ _0\"></span>rtfoli<span class=\"_ _0\"></span>o;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1228 ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 ws103\">L<span class=\"_ _2\"></span>imits in function of the so<span class=\"_ _2\"></span>lvency capital required<span class=\"_ _2\"></span> for spread risk;</span><span class=\"ff188\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1229 ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 ws103\">L<span class=\"_ _2\"></span>imits by sector based on the cr<span class=\"_ _2\"></span>edit ratings;</span><span class=\"ff188\"> </span></span></div>\n<div class=\"t m0 x1a h4f y122a ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse0 wsf0\">Monitoring of con<span class=\"_ _0\"></span>centr<span class=\"_ _0\"></span>ated expos<span class=\"_ _2b\"></span>ure;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y122b ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 wsfa\">T<span class=\"_ _2\"></span>otal One Obligor.</span><span class=\"ff188\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 253px; height: 564px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 253px; height: 853px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff18e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The credit ra<span class=\"_ _2\"></span>ting ap<span class=\"wsfa\">plied by Ageas<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">is base<span class=\"_ _2b\"></span>d on the second<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">best availabl<span class=\"_ _2\"></span>e rating</span> </span>from Moody\u2019<span class=\"_ _0\"></span>s, Fitch an<span class=\"_ _0\"></span>d Standa<span class=\"_ _0\"></span>rd &amp; Poor\u2019s. F<span class=\"_ _2b\"></span>or <span class=\"_ _2\"></span>sp<span class=\"_ _0\"></span>ecific exp<span class=\"_ _2b\"></span>osure types, </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff18e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">other rat<span class=\"_ _0\"></span>ing agenc<span class=\"_ _0\"></span>ies can be us<span class=\"_ _0\"></span>ed, for exam<span class=\"_ _0\"></span>ple AM Best<span class=\"_ _0\"></span> for reins<span class=\"_ _0\"></span>urance co<span class=\"_ _0\"></span>unterpa<span class=\"_ _0\"></span>rties. In t<span class=\"_ _0\"></span>he paragr<span class=\"_ _0\"></span>aphs her<span class=\"_ _0\"></span>eafter, m<span class=\"_ _0\"></span>ore det<span class=\"lse2 wsfa\">ail is provided on<span class=\"_ _2\"></span> the credit </span></div>\n<div class=\"t m0 x7 h4f y804 ff18e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quality of <span class=\"lse0 wsf0\">loans; interes<span class=\"_ _0\"></span>t beari<span class=\"_ _0\"></span>ng inves<span class=\"_ _0\"></span>tments<span class=\"lse2 wsfa\">; government bonds; <span class=\"_ _2\"></span>corporate bonds; bank<span class=\"_ _2\"></span>s and other finan<span class=\"_ _2\"></span>cials.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yd15 ff190 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">1 <span class=\"_ _1ac\"> </span><span class=\"lse2 wsf1\">Loans </span> </div>\n<div class=\"t m0 x7 h4f yd16 ff18e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he credit qu<span class=\"_ _2b\"></span>ality of loans.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7b ff18e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 986px; z-index: 15;\"> </div>\n<div class=\"t m0 x18 h52 y601 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 608px; bottom: 986px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y601 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 986px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 x236 h52 y603 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 570px; bottom: 971px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y603 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 737px; bottom: 971px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 956px; z-index: 15;\">Investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y605 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y605 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff18e fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 941px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 941px; z-index: 15;\">1,359<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 941px; z-index: 15;\">1,402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff18e fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 926px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f2 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 926px; z-index: 15;\">2,225<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f2 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 926px; z-index: 15;\">2,335<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff18e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 911px; z-index: 15;\">A</div>\n<div class=\"t m0 x2a2 h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 911px; z-index: 15;\">2,429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 911px; z-index: 15;\">2,262<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff18e fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 896px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f2 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 896px; z-index: 15;\">617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f2 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 896px; z-index: 15;\">331<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y60e ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 882px; z-index: 15;\">6,630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y60e ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 882px; z-index: 15;\">6,330<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff18e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 867px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5f9 ff18e fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 867px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f9 ff18e fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 867px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 852px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y60e ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 852px; z-index: 15;\">7,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y60e ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 852px; z-index: 15;\">7,016<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 837px; z-index: 15;\">Residential mortgages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 837px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 837px; z-index: 15;\">1,175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 822px; z-index: 15;\">Total investments in lo<span class=\"_ _0\"></span>ans, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f7 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 822px; z-index: 15;\">15,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f7 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 822px; z-index: 15;\">14,521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 807px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 807px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 807px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff191 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 792px; z-index: 15;\">Total investments in loans, net (see note 12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y601 ff191 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 792px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y601 ff191 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 792px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1245 ff18e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h55 y1246 ff190 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">2 <span class=\"_ _1ac\"> </span><span class=\"lse2 wsfa\">Interest bearing i<span class=\"_ _2\"></span>nvestments</span> </div>\n<div class=\"t m0 x7 h4f y1247 ff18e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below outli<span class=\"_ _2b\"></span>nes the credit qual<span class=\"_ _0\"></span>ity of inte<span class=\"_ _0\"></span>rest<span class=\"ls0 ws0\">-</span>bearin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>inves<span class=\"_ _0\"></span>tments a<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>at 31<span class=\"ls0 ws0\"> </span><span class=\"wsef\">Dec<span class=\"_ _2b\"></span>ember.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1248 ff18e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x18 h52 y647 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 608px; bottom: 698px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y647 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 698px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 683px; z-index: 15;\"> </div>\n<div class=\"t m0 x236 h52 y5ff ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 570px; bottom: 683px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5ff ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 737px; bottom: 683px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y601 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y601 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff18e fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 653px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 653px; z-index: 15;\">3,239<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 653px; z-index: 15;\">4,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff18e fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 638px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y605 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 638px; z-index: 15;\">20,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y605 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 638px; z-index: 15;\">27,883<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff18e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\">A</div>\n<div class=\"t m0 x2a2 h52 y603 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 623px; z-index: 15;\">4,787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 623px; z-index: 15;\">6,432<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff18e fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 608px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y605 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 608px; z-index: 15;\">10,940<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y605 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 608px; z-index: 15;\">13,820<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f4 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 593px; z-index: 15;\">39,667<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f4 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 593px; z-index: 15;\">52,145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff18e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 579px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y638 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 579px; z-index: 15;\">229<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y638 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 579px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 564px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 564px; z-index: 15;\">2,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 564px; z-index: 15;\">1,734<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Total investments in interest<span class=\"_ _0\"></span> bearing securities, net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f9 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 549px; z-index: 15;\">42,316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f9 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 549px; z-index: 15;\">54,074<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 ydd0 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 534px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 ydd0 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 534px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff191 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 519px; z-index: 15;\">Total investments in interest bearing securities,<span class=\"ls0 ws0\"> </span>gross (see note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f9 ff191 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 519px; z-index: 15;\">42,330<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f9 ff191 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 519px; z-index: 15;\">54,095<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 508px; height: 598px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 508px; height: 598px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ff195 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">3 <span class=\"_ _1ac\"> </span><span class=\"lse2 wsfa\">Government bonds</span> </div>\n<div class=\"t m0 x7 h4f y803 ff193 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he credit qu<span class=\"_ _2b\"></span>ality of governme<span class=\"_ _0\"></span>nt bonds.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff193 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y603 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 552px; bottom: 1034px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 719px; bottom: 1034px; z-index: 15;\">31 December <span class=\"wsf4\">2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y605 ff193 fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">By IFRS cl<span class=\"_ _0\"></span>assificatio<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h54 y605 ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h54 y605 ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Available for sale<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 1004px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1004px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Held at fair value <span class=\"_ _0\"></span>through profit or loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5f2 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f2 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 974px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 974px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff196 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Total government bonds (<span class=\"_ _2\"></span>see note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f2 ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 959px; z-index: 15;\">27,125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f2 ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 959px; z-index: 15;\">35,491<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 947px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 947px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 947px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff193 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 932px; z-index: 15;\">By rat<span class=\"_ _2\"></span>ing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5f9 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f9 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 918px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f7 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 918px; z-index: 15;\">2,024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f7 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 918px; z-index: 15;\">2,251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 903px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 903px; z-index: 15;\">19,188<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 903px; z-index: 15;\">25,546<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 888px; z-index: 15;\">A</div>\n<div class=\"t m0 xd7 h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 888px; z-index: 15;\">571<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 888px; z-index: 15;\">1,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 873px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 873px; z-index: 15;\">4,913<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 873px; z-index: 15;\">6,381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 858px; z-index: 15;\">Total investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y601 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 858px; z-index: 15;\">26,696<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y601 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 858px; z-index: 15;\">35,447<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 843px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5fc ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 843px; z-index: 15;\"> </div>\n<div class=\"t m0 x4a h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 843px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 829px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 829px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 829px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 814px; z-index: 15;\">Total non<span class=\"ls0 ws0\">-</span>investment grade and unrate<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 814px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 785px; bottom: 814px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f2 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f2 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff196 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 787px; z-index: 15;\">Total government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y60e ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 787px; z-index: 15;\">27,125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y60e ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 787px; z-index: 15;\">35,491<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y1264 ff195 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">4 <span class=\"_ _1ac\"> </span><span class=\"lse2 ws103\">Corporate bonds </span> </div>\n<div class=\"t m0 x7 h4f y1265 ff193 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> provides <span class=\"lse0 wsf0\">inform<span class=\"_ _0\"></span>ation on th<span class=\"_ _0\"></span>e credit qua<span class=\"_ _2b\"></span>lity of corporate b<span class=\"_ _0\"></span>onds.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 552px; bottom: 724px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 719px; bottom: 724px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff193 fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 708px; z-index: 15;\">By IFRS cl<span class=\"_ _0\"></span>assificatio<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h54 y5f9 ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h54 y5f9 ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff193 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 693px; z-index: 15;\">Available for sale<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 693px; z-index: 15;\">9,145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 693px; z-index: 15;\">11,680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 679px; z-index: 15;\">Held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 679px; z-index: 15;\">123<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5fc ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff196 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 664px; z-index: 15;\">Total corporate bonds (see note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y63a ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 664px; z-index: 15;\">9,268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y63a ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 664px; z-index: 15;\">11,680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5ff ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5ff ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 637px; z-index: 15;\">By rat<span class=\"_ _2\"></span>ing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 622px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 622px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 622px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff193 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 607px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y605 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 607px; z-index: 15;\">430<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y605 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 607px; z-index: 15;\">648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 592px; z-index: 15;\">A</div>\n<div class=\"t m0 x2a2 h52 y5f4 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 592px; z-index: 15;\">2,746<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 592px; z-index: 15;\">3,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 577px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y638 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 577px; z-index: 15;\">4,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y638 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 577px; z-index: 15;\">6,368<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Total investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 563px; z-index: 15;\">8,141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 563px; z-index: 15;\">10,674<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f2 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 548px; z-index: 15;\">228<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f2 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 548px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 533px; z-index: 15;\">899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 533px; z-index: 15;\">843<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 518px; z-index: 15;\">Total non<span class=\"ls0 ws0\">-</span>investment grade and unrate<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f9 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 518px; z-index: 15;\">1,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f9 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 518px; z-index: 15;\">1,006<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 506px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f7 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 506px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f7 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 506px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff196 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 491px; z-index: 15;\">Total corporate bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y5ff ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 491px; z-index: 15;\">9,268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5ff ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 491px; z-index: 15;\">11,680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y1277 ff195 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">5 <span class=\"_ _1ac\"> </span><span class=\"lse2 wsfa\">Banks and other <span class=\"_ _2\"></span><span class=\"lse0 wsef\">fina<span class=\"_ _2b\"></span>ncials<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1278 ff193 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he credit qu<span class=\"_ _2b\"></span>ality of banks and oth<span class=\"_ _0\"></span>er financ<span class=\"_ _0\"></span>ial instit<span class=\"_ _2b\"></span>utions.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1279 ff193 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 413px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y601 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 552px; bottom: 413px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y601 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 719px; bottom: 413px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff193 fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 397px; z-index: 15;\">By IFRS cl<span class=\"_ _0\"></span>assificatio<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h54 y5ff ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 397px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h54 y5ff ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 397px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff193 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Available for sale<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y647 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 382px; z-index: 15;\">5,566<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y647 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 382px; z-index: 15;\">6,715<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 367px; z-index: 15;\">Held at fair value <span class=\"_ _0\"></span>through profit or loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 367px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 367px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff193 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 352px; z-index: 15;\">Held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y608 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 352px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y608 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff196 fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 338px; z-index: 15;\">Total <span class=\"_ _2b\"></span>banking and<span class=\"_ _0\"></span> other<span class=\"_ _0\"></span> financ<span class=\"_ _2b\"></span>ials (see <span class=\"_ _0\"></span>note 1<span class=\"_ _0\"></span>0)<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y603 ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 338px; z-index: 15;\">5,881<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y603 ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 338px; z-index: 15;\">6,849<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y638 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y638 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff193 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 311px; z-index: 15;\">By rat<span class=\"_ _2\"></span>ing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 296px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y70b ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 296px; z-index: 15;\">1,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y70b ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 296px; z-index: 15;\">1,719<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff193 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 281px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f7 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 281px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f7 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 281px; z-index: 15;\">1,674<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 266px; z-index: 15;\">A</div>\n<div class=\"t m0 x2a2 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 266px; z-index: 15;\">1,470<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 266px; z-index: 15;\">1,544<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 251px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y63a ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 251px; z-index: 15;\">1,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y63a ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 251px; z-index: 15;\">1,070<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 236px; z-index: 15;\">Total investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 236px; z-index: 15;\">4,818<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 236px; z-index: 15;\">6,007<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 222px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a6 h52 y647 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 222px; z-index: 15;\">1</div>\n<div class=\"t m0 x2a6 h52 y647 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 222px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 207px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 207px; z-index: 15;\">1,062<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 207px; z-index: 15;\">835<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 192px; z-index: 15;\">Total non<span class=\"ls0 ws0\">-</span>investment grade and unrate<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y647 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 192px; z-index: 15;\">1,063<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y647 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 192px; z-index: 15;\">842<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 180px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f4 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 180px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f4 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 180px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff196 fs3c fc28 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 165px; z-index: 15;\">Total ba<span class=\"_ _2b\"></span>nks and othe<span class=\"_ _0\"></span>r financ<span class=\"_ _2b\"></span>ials<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y638 ff196 fs3c fc28 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 165px; z-index: 15;\">5,881<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y638 ff196 fs3c fc28 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 165px; z-index: 15;\">6,849<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 154px; height: 952px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 154px; height: 952px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff198 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">B. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"ls107 ws11c\">COUN<span class=\"_ _0\"></span>TERPAR<span class=\"_ _2b\"></span>TY DEFAULT RI<span class=\"_ _2b\"></span>SK<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"lse0 wsf0\">ounterpart<span class=\"_ _0\"></span>y default<span class=\"_ _0\"></span> risk refl<span class=\"_ _2b\"></span>ects possible loss<span class=\"_ _0\"></span>es due to unex<span class=\"_ _2b\"></span>pected </span></div>\n<div class=\"t m0 x7 h4f y804 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">default<span class=\"_ _0\"></span>, or dete<span class=\"_ _2b\"></span>rioration in t<span class=\"_ _0\"></span>he credit<span class=\"_ _2b\"></span> standing, of c<span class=\"_ _2b\"></span>ounterpartie<span class=\"_ _2b\"></span>s and</div>\n<div class=\"t m0 x7 h4f y805 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">debtors. The scope<span class=\"_ _2\"></span> of the counterparty defaul<span class=\"_ _2\"></span>t risk category includes</div>\n<div class=\"t m0 x7 h4f y806 ff198 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">miti<span class=\"_ _0\"></span>gating cont<span class=\"_ _2b\"></span>racts (such as rein<span class=\"_ _2b\"></span>surance<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">arrangemen<span class=\"_ _2\"></span>ts, </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y807 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">securitisation<span class=\"_ _2\"></span>s and derivatives), cash<span class=\"_ _2\"></span>, receivables from intermediari<span class=\"_ _2\"></span>es,</div>\n<div class=\"t m0 x7 h4f y808 ff198 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">diver<span class=\"_ _2\"></span>sified<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 ws103\">mortgage portfolios, and<span class=\"_ _2\"></span> other credit exposure not <span class=\"lse0 wsef\">covered </span></span></span></div>\n<div class=\"t m0 x7 h4f y809 ff198 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">elsewhere<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y80a ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80b ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Counterpart<span class=\"_ _2\"></span>y default risk can arise due<span class=\"_ _2\"></span> to the purchase of reinsurance</div>\n<div class=\"t m0 x7 h4f y80c ff198 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or <span class=\"lse2 wsfa\">other ris<span class=\"_ _2\"></span>k mitigation<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">cont<span class=\"_ _2\"></span>racts</span>. Ageas minimis<span class=\"_ _2\"></span>es this risk thro<span class=\"_ _2\"></span>ugh </span></div>\n<div class=\"t m0 x7 h4f y80d ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">policies on<span class=\"_ _2\"></span> counterparty selec<span class=\"_ _2\"></span>tion, collateral req<span class=\"_ _2\"></span>uirements and</div>\n<div class=\"t m0 x7 h4f y80e ff198 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">diversific<span class=\"_ _2b\"></span>ation.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80f ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y810 ff198 fs3a fc14 sc0 ls106 ws10c\" style=\"z-index: 15;\">Within Agea<span class=\"_ _0\"></span>s, this risk is miti<span class=\"_ _2b\"></span>ga<span class=\"lse2 ws103\">ted<span class=\"_ _2\"></span> through the application of Agea<span class=\"_ _2\"></span>s\u2019s </span></div>\n<div class=\"t m0 x7 h4f y90a ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Default Ri<span class=\"_ _2b\"></span>sk Policy and clos<span class=\"_ _0\"></span>e monitori<span class=\"_ _2b\"></span>ng of outstanding cou<span class=\"_ _2b\"></span>nterparty</div>\n<div class=\"t m0 x7 h4f y90b ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">default<span class=\"_ _0\"></span> positio<span class=\"_ _0\"></span>ns. Divers<span class=\"_ _2b\"></span>ification and avoi<span class=\"_ _0\"></span>dance of l<span class=\"_ _0\"></span>ow rated ex<span class=\"_ _0\"></span>posures</div>\n<div class=\"t m0 x7 h4f y90c ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are key e<span class=\"_ _2b\"></span>lements in the <span class=\"_ _0\"></span>mitigat<span class=\"_ _0\"></span>ion of this<span class=\"_ _2b\"></span> risk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90e ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairment for<span class=\"_ _2\"></span> specific cr<span class=\"lse0 wsfa\">edit risk<span class=\"_ _0\"></span> is est<span class=\"_ _0\"></span>ablishe<span class=\"_ _0\"></span>d if the<span class=\"_ _0\"></span>re is obj<span class=\"_ _0\"></span>ective </span></div>\n<div class=\"t m0 x7 h4f y90f ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">evidenc<span class=\"_ _2b\"></span>e that Ageas w<span class=\"_ _0\"></span>ill not b<span class=\"_ _0\"></span>e able t<span class=\"_ _0\"></span>o collec<span class=\"_ _0\"></span>t all am<span class=\"_ _0\"></span>ounts d<span class=\"_ _0\"></span>ue in</div>\n<div class=\"t m0 x7 h4f y910 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accorda<span class=\"_ _2b\"></span>nce with contract<span class=\"_ _0\"></span>ual terms.<span class=\"_ _0\"></span> The amou<span class=\"_ _0\"></span>nt of the impa<span class=\"_ _2b\"></span>irment is the</div>\n<div class=\"t m0 x7 h4f y911 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nce betw<span class=\"_ _2b\"></span>een the carryin<span class=\"_ _2b\"></span>g amount and t<span class=\"_ _0\"></span>he recov<span class=\"_ _2b\"></span>erable amount. I<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x7 h4f y912 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">t<span class=\"lse0 wsf0\">he case of market<span class=\"_ _0\"></span> traded sec<span class=\"_ _2b\"></span>urities, the recov<span class=\"_ _2b\"></span>erable amount is th<span class=\"_ _0\"></span>e fair </span></div>\n<div class=\"t m0 x7 h4f y913 ff198 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">value.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y914 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y915 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments are<span class=\"_ _2\"></span> based on <span class=\"wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s </span></span>l<span class=\"_ _2\"></span>atest estimate of the recov<span class=\"_ _2\"></span>erable</div>\n<div class=\"t m0 x7 h4f y916 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount a<span class=\"_ _2b\"></span>nd represent th<span class=\"_ _0\"></span>e loss t<span class=\"_ _0\"></span>hat Ageas<span class=\"_ _0\"></span> consi<span class=\"_ _0\"></span>ders it w<span class=\"_ _0\"></span>ill incu<span class=\"_ _2b\"></span>r.</div>\n<div class=\"t m0 x7 h4f y917 ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Conditions<span class=\"_ _2\"></span> for write<span class=\"ls0 ws0\">-</span><span class=\"lse0\">off may be t<span class=\"_ _2b\"></span>hat the o<span class=\"lse2\">bligor\u2019s bankrup<span class=\"_ _2\"></span>tcy proceedings </span></span></div>\n<div class=\"t m0 x7 h4f y918 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">have been final<span class=\"_ _2\"></span>ised and securities have been<span class=\"_ _2\"></span> exhausted, the obligor</div>\n<div class=\"t m0 x7 h4f y919 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and/or gu<span class=\"_ _0\"></span>arantor<span class=\"_ _0\"></span>s are inso<span class=\"_ _0\"></span>lvent, all n<span class=\"_ _0\"></span>ormal rec<span class=\"_ _2b\"></span>overy efforts have b<span class=\"_ _2b\"></span>een</div>\n<div class=\"t m0 x7 h4f y91a ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exhaust<span class=\"_ _0\"></span>ed, or the ec<span class=\"_ _0\"></span>onomic l<span class=\"_ _0\"></span>oss period (<span class=\"_ _0\"></span>i.e. the pe<span class=\"_ _0\"></span>riod withi<span class=\"_ _2b\"></span>n which all</div>\n<div class=\"t m0 x7 h4f y91b ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span> wil<span class=\"lse2 wsfa\">l exceed the r<span class=\"_ _2\"></span>ecoverable amount) ha<span class=\"_ _2\"></span>s been reached.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 529px; width: 354px; z-index: 3;\"><br/></div>\n\n\n<div class=\"t m0 x7 h55 y968 ff19a fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.1.3<span class=\"ls0 ws0\"> <span class=\"_ _211\"> </span><span class=\"ls102 ws129\">Liquidity<span class=\"_ _2\"></span> risk</span> </span></div>\n<div class=\"t m0 x7 h4f y969 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Liquidi<span class=\"_ _0\"></span>ty risk is<span class=\"_ _0\"></span> the ris<span class=\"_ _2b\"></span>k of being una<span class=\"_ _0\"></span>ble to liq<span class=\"_ _0\"></span>uidate i<span class=\"_ _2b\"></span>nvestments an<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x7 h4f y96a ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other assets in<span class=\"_ _2\"></span> order to settle financial obliga<span class=\"_ _2\"></span>tions when they fall due.</div>\n<div class=\"t m0 x7 h4f y96b ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For exam<span class=\"_ _0\"></span>ple, this can oc<span class=\"_ _2b\"></span>cur when unexpec<span class=\"_ _0\"></span>ted cash d<span class=\"_ _0\"></span>emands of</div>\n<div class=\"t m0 x7 h4f y96c ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">policyholder<span class=\"_ _2\"></span>s, and other contra<span class=\"_ _2\"></span>ct holders, cannot<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">be met<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>with<span class=\"_ _2b\"></span>out </span></div>\n<div class=\"t m0 x7 h4f y96d ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sufferi<span class=\"_ _2b\"></span>ng losses or without<span class=\"_ _0\"></span> endange<span class=\"_ _0\"></span>ring the bus<span class=\"_ _0\"></span>iness fr<span class=\"_ _0\"></span>anchise d<span class=\"_ _2b\"></span>ue to</div>\n<div class=\"t m0 x7 h4f y96e ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">constra<span class=\"_ _0\"></span>ints on <span class=\"_ _0\"></span>liquidat<span class=\"_ _0\"></span>ing asset<span class=\"_ _2b\"></span>s. These cons<span class=\"_ _0\"></span>traint<span class=\"_ _0\"></span>s may be s<span class=\"_ _0\"></span>tructu<span class=\"_ _0\"></span>ral or</div>\n<div class=\"t m0 x7 h4f y96f ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">due to mark<span class=\"_ _0\"></span>et disrupt<span class=\"_ _0\"></span>ion. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a4 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fina<span class=\"_ _0\"></span>ncial comm<span class=\"_ _0\"></span>itments of<span class=\"_ _0\"></span> Ageas and its<span class=\"_ _0\"></span> local bus<span class=\"_ _0\"></span>inesses<span class=\"_ _0\"></span> are often<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a5 ff198 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">long<span class=\"ls0 ws0\">-</span><span class=\"ws103\">ter<span class=\"_ _2\"></span>m, and generally assets held<span class=\"_ _2\"></span> to back these would be long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span>term</div>\n<div class=\"t m0 x1a h4f y8a6 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and may not b<span class=\"_ _0\"></span>e liquid. Cl<span class=\"_ _2b\"></span>aims and other outfl<span class=\"_ _2b\"></span>ows can be unpredict<span class=\"_ _2b\"></span>able</div>\n<div class=\"t m0 x1a h4f yc95 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and may differ<span class=\"_ _2\"></span> significantly from expected amo<span class=\"_ _2\"></span>unts. If liquid resource<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y129f ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are not availab<span class=\"_ _2\"></span>le to meet a financial commi<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">tm<span class=\"_ _2b\"></span>ent as it falls due, liq<span class=\"_ _0\"></span>uid </span></div>\n<div class=\"t m0 x1a h4f y12a0 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">funds wi<span class=\"_ _0\"></span>ll need<span class=\"_ _0\"></span> to be borr<span class=\"_ _2b\"></span>owed and/or i<span class=\"_ _0\"></span>lliquid a<span class=\"_ _2b\"></span>ssets sold (whi<span class=\"_ _0\"></span>ch may</div>\n<div class=\"t m0 x1a h4f y12a1 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">trigger a signi<span class=\"_ _2\"></span>ficant loss in value) in ord<span class=\"_ _2\"></span>er to meet the commitment.</div>\n<div class=\"t m0 x1a h4f y12a2 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Losses wo<span class=\"_ _0\"></span>uld arise<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>from an<span class=\"_ _0\"></span>y discou<span class=\"_ _0\"></span>nt that wou<span class=\"_ _0\"></span>ld need to be off<span class=\"_ _0\"></span>ered to</div>\n<div class=\"t m0 x1a h4f y12a3 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liquida<span class=\"_ _0\"></span>te assets<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y12a4 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y12a5 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As an insura<span class=\"_ _2b\"></span>nce group, Ageas is n<span class=\"_ _0\"></span>ormally c<span class=\"_ _0\"></span>ash accret<span class=\"_ _0\"></span>ive and henc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">this </span></span></div>\n<div class=\"t m0 x1a h4f y12a6 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risk is relat<span class=\"_ _2b\"></span>ively remote. A<span class=\"_ _0\"></span>geas keeps<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>a cash pos<span class=\"_ _2b\"></span>ition in order to be abl<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f ycb4 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to withs<span class=\"_ _0\"></span>tand<span class=\"ls0 ws0\"> </span><span class=\"lse2\">adverse liquidi<span class=\"_ _2\"></span>ty conditions if and<span class=\"_ _2\"></span> when arising. Sp<span class=\"_ _2\"></span>ecial </span></div>\n<div class=\"t m0 x1a h4f ycb5 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">attenti<span class=\"_ _2b\"></span>on is paid to the messa<span class=\"_ _0\"></span>ges fr<span class=\"lsfa ws114\">om <span class=\"lse2 ws103\">central bank<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">on potential </span></span></span></div>\n<div class=\"t m0 x1a h4f ycb6 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">changes <span class=\"_ _2b\"></span>in monetary po<span class=\"_ _0\"></span>licy sta<span class=\"_ _2b\"></span>nce. Dividen<span class=\"_ _0\"></span>d payment<span class=\"_ _2b\"></span>s to sharehol<span class=\"_ _2b\"></span>ders</div>\n<div class=\"t m0 x1a h4f ycb7 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">togeth<span class=\"_ _0\"></span>er with holdi<span class=\"_ _2b\"></span>ng costs are financ<span class=\"_ _0\"></span>ed by divide<span class=\"_ _2b\"></span>nd upstream from</div>\n<div class=\"t m0 x1a h4f y985 ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas opera<span class=\"_ _2\"></span>ting insurance enti<span class=\"_ _2\"></span>ties.<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Reinsu<span class=\"_ _0\"></span>rance ope<span class=\"_ _0\"></span>rations at t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f y986 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">holdin<span class=\"_ _0\"></span>g level are al<span class=\"_ _0\"></span>so m<span class=\"lse2 ws103\">anaged separately<span class=\"_ _2\"></span> from a liquidity perspecti<span class=\"_ _2\"></span>ve.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y987 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y988 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Causes <span class=\"_ _0\"></span>of liqui<span class=\"_ _0\"></span>dity ris<span class=\"_ _0\"></span>k can be s<span class=\"_ _2b\"></span>plit into elem<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>at can c<span class=\"_ _2b\"></span>reate a</div>\n<div class=\"t m0 x1a h4f y989 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sudden inc<span class=\"_ _2b\"></span>rease in the need for c<span class=\"_ _0\"></span>ash and ele<span class=\"_ _0\"></span>ments that<span class=\"_ _0\"></span> can reduc<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y98a ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unexpect<span class=\"_ _2b\"></span>edly the avai<span class=\"_ _0\"></span>lability<span class=\"_ _0\"></span> of exp<span class=\"_ _0\"></span>ected r<span class=\"_ _0\"></span>esources<span class=\"_ _0\"></span> to cov<span class=\"_ _0\"></span>er cash n<span class=\"_ _0\"></span>eeds<span class=\"lsf4 ws10c\">. </span></div>\n<div class=\"t m0 x1a h4f y98b ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Types of <span class=\"_ _2b\"></span>liquidity ris<span class=\"_ _0\"></span>k are the f<span class=\"_ _2b\"></span>ollowing:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98c ff19b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff19c\"> <span class=\"_ _46\"> </span><span class=\"ff19a lse0 wsf0\">Underwriting li<span class=\"_ _2b\"></span>quidity risk<span class=\"ff198 ls0 ws0\"> </span><span class=\"ff198\">is the risk<span class=\"_ _0\"></span> that Ageas<span class=\"_ _0\"></span> or a local bus<span class=\"_ _0\"></span>iness </span></span></span></div>\n<div class=\"t m0 x25a h4f y98d ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">needs to pay<span class=\"_ _0\"></span> a material am<span class=\"_ _2b\"></span>ount to cover unant<span class=\"_ _2b\"></span>icipated chan<span class=\"_ _0\"></span>ges in</div>\n<div class=\"t m0 x25a h4f y98e ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">customer behavi<span class=\"_ _2\"></span>our (lapse risk), sudden<span class=\"_ _2\"></span> rise in frequency claims or</div>\n<div class=\"t m0 x25a h4f y98f ff198 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">sudden <span class=\"lse0 wsf0\">large claims res<span class=\"_ _2b\"></span>ulting from large or c<span class=\"_ _0\"></span>atastro<span class=\"_ _0\"></span>phic ev<span class=\"_ _0\"></span>ents </span></div>\n<div class=\"t m0 x25a h4f y990 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">such as w<span class=\"_ _0\"></span>indsto<span class=\"_ _0\"></span>rms, as<span class=\"_ _0\"></span>h clouds<span class=\"_ _0\"></span>, flu pan<span class=\"_ _2b\"></span>demic, etc.;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y991 ff19b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff19c\"> <span class=\"_ _46\"> </span><span class=\"ff19a lse0 wsfa\">Market liquidi<span class=\"_ _0\"></span>ty risk<span class=\"_ _0\"></span><span class=\"ff198 ls0 ws0\"> <span class=\"lse0 wsfa\">is the risk t<span class=\"_ _2b\"></span>hat the proces<span class=\"_ _2b\"></span>s of selling in it<span class=\"_ _2b\"></span>self </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y992 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">results <span class=\"_ _0\"></span>in loss<span class=\"_ _0\"></span>es due t<span class=\"_ _0\"></span>o market<span class=\"_ _0\"></span> condit<span class=\"_ _0\"></span>ions or <span class=\"_ _0\"></span>high co<span class=\"_ _0\"></span>ncentrat<span class=\"_ _0\"></span>ions;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y993 ff19b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff19c\"> <span class=\"_ _46\"> </span><span class=\"ff19a lse2 wsf1\">F<span class=\"_ _2\"></span>unding <span class=\"wsfa\">liquidity<span class=\"_ _2\"></span> risk</span></span><span class=\"ff198\"> <span class=\"lse0 wsf0\">is the risk that<span class=\"_ _0\"></span> Ageas or a loc<span class=\"_ _2b\"></span>al business will </span></span></span></div>\n<div class=\"t m0 x25a h4f y994 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not be ab<span class=\"_ _0\"></span>le to obt<span class=\"_ _2b\"></span>ain sufficient<span class=\"_ _0\"></span> outsi<span class=\"_ _0\"></span>de fundin<span class=\"_ _0\"></span>g, in c<span class=\"_ _0\"></span>ase its ass<span class=\"_ _2b\"></span>ets</div>\n<div class=\"t m0 x25a h4f y995 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are illi<span class=\"_ _0\"></span>quid, at<span class=\"_ _0\"></span> the tim<span class=\"_ _0\"></span>e it is ne<span class=\"_ _2b\"></span>eded (for exam<span class=\"_ _2b\"></span>ple, to meet an<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x25a h4f y996 ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unanticipated<span class=\"_ _2\"></span> large claim). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y997 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c8 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Each bus<span class=\"_ _2b\"></span>iness has to ens<span class=\"_ _0\"></span>ure th<span class=\"lse2\">ey can meet all <span class=\"_ _2\"></span>liquidity requiremen<span class=\"_ _2\"></span>ts by </span></div>\n<div class=\"t m0 x1a h4f y9c9 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">identifying and<span class=\"_ _2\"></span> monitoring liquidity risk,<span class=\"_ _2\"></span> so that the circumstances<span class=\"_ _2\"></span> under</div>\n<div class=\"t m0 x1a h4f y9ca ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which liqu<span class=\"_ _2b\"></span>idity issues coul<span class=\"_ _0\"></span>d be possi<span class=\"_ _0\"></span>ble are know<span class=\"_ _0\"></span>n and unders<span class=\"_ _0\"></span>tood (i.<span class=\"_ _0\"></span>e.</div>\n<div class=\"t m0 x1a h4f y9cb ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unexpect<span class=\"_ _2b\"></span>ed adverse c<span class=\"_ _0\"></span>hange in l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>y run<span class=\"ls0 ws0\">-</span>off p<span class=\"_ _0\"></span>rofile,<span class=\"_ _0\"></span> mass lap<span class=\"_ _2b\"></span>se <span class=\"lsf4 ws10c\">event, </span></div>\n<div class=\"t m0 x1a h4f y9cc ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">slowdow<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>in new<span class=\"_ _0\"></span> business<span class=\"_ _0\"></span>, change i<span class=\"_ _2b\"></span>n rating), as well as the<span class=\"_ _0\"></span> busines<span class=\"_ _0\"></span>s\u2019s</div>\n<div class=\"t m0 x1a h4f y9cd ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ability t<span class=\"_ _2b\"></span>o respond to s<span class=\"_ _0\"></span>uch issu<span class=\"_ _0\"></span>es (i.e. <span class=\"_ _2b\"></span>liquidity of as<span class=\"_ _0\"></span>sets in<span class=\"_ _0\"></span> a crisis<span class=\"_ _0\"></span>) is</div>\n<div class=\"t m0 x1a h4f y9ce ff198 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">clear. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 441px; height: 671px; width: 354px; z-index: 3;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 441px; height: 135px; width: 348px; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y970 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 424px; height: 682px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An overview of ex<span class=\"_ _2\"></span>pected outflows stemming<span class=\"_ _2\"></span> from insurance li<span class=\"wsfa\">abilities<span class=\"_ _2\"></span> (other than <span class=\"ls0 ws0\">U<span class=\"_ _2\"></span></span><span class=\"wsf1\">nit<span class=\"ls0 ws0\">-L</span></span></span>inked) can be<span class=\"_ _2\"></span> found below. These cash flows re<span class=\"_ _2\"></span>flect an actuarial</div>\n<div class=\"t m0 x7 h4f y803 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Best Estima<span class=\"_ _2\"></span>te using Solvency <span class=\"_ _2\"></span>II contract boundari<span class=\"_ _2\"></span>es. Note that the<span class=\"_ _2\"></span> Group aggregate l<span class=\"_ _2\"></span>iability outflows<span class=\"_ _2\"></span> are not used <span class=\"_ _2\"></span>for manage<span class=\"lse0 wsf0\">ment purp<span class=\"_ _0\"></span>oses, as li<span class=\"_ _0\"></span>quidity </span></div>\n<div class=\"t m0 x7 h4f y804 ff19d fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">is <span class=\"lse2 ws103\">managed wi<span class=\"_ _2\"></span>thin the individual insura<span class=\"_ _2\"></span>nce companies<span class=\"ls0 ws0\"> </span></span><span class=\"lse0\">and at holding lev<span class=\"_ _2b\"></span>el<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff19d fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1033px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 493px; bottom: 1033px; z-index: 15;\">Year 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 561px; bottom: 1033px; z-index: 15;\">Year 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 630px; bottom: 1033px; z-index: 15;\">Year 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 699px; bottom: 1033px; z-index: 15;\">Year 4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 768px; bottom: 1033px; z-index: 15;\">Year 5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Net cash outflows from ins<span class=\"_ _0\"></span>urance liabilities as a<span class=\"_ _0\"></span>t 31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 499px; bottom: 1019px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 569px; bottom: 1019px; z-index: 15;\">2024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 638px; bottom: 1019px; z-index: 15;\">2025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 707px; bottom: 1019px; z-index: 15;\">2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1019px; z-index: 15;\">2027<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 588px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 657px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 726px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff19d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 988px; z-index: 15;\">Policyholder liabilities, excluding <span class=\"ls0 ws0\">U<span class=\"lsef ws10a\">nit</span>-<span class=\"_ _2\"></span>L</span>inked business, net of reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 988px; z-index: 15;\">8,142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 566px; bottom: 988px; z-index: 15;\">7,024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 635px; bottom: 988px; z-index: 15;\">5,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 704px; bottom: 988px; z-index: 15;\">5,382<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 988px; z-index: 15;\">5,911<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12a9 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12aa ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff19d fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 493px; bottom: 941px; z-index: 15;\">Year 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 561px; bottom: 941px; z-index: 15;\">Year 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 630px; bottom: 941px; z-index: 15;\">Year 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 699px; bottom: 941px; z-index: 15;\">Year 4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 768px; bottom: 941px; z-index: 15;\">Year 5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 926px; z-index: 15;\">Net cash outflows from ins<span class=\"_ _0\"></span>urance liabilities as a<span class=\"_ _0\"></span>t 31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 499px; bottom: 926px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 569px; bottom: 926px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 638px; bottom: 926px; z-index: 15;\">2024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 707px; bottom: 926px; z-index: 15;\">2025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 926px; z-index: 15;\">2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 588px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 657px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 726px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff19d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 896px; z-index: 15;\">Policyholder liabilities, excluding <span class=\"ls0 ws0\">U<span class=\"lsef ws10a\">nit</span>-<span class=\"_ _2\"></span>L</span>inked business, net of reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 896px; z-index: 15;\">8,098<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 566px; bottom: 896px; z-index: 15;\">6,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 635px; bottom: 896px; z-index: 15;\">6,275<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 704px; bottom: 896px; z-index: 15;\">4,759<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 896px; z-index: 15;\">4,863<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 885px; height: 221px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y12af ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12b0 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h55 y12b1 ff19f fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.1.4<span class=\"ls0 ws0\"> <span class=\"_ _211\"> </span><span class=\"lse0 wsfa\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s risk<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y12b2 ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _2b\"></span>s risk is the r<span class=\"_ _0\"></span>isk of l<span class=\"_ _0\"></span>oss or adv<span class=\"_ _2b\"></span>erse change i<span class=\"_ _0\"></span>n the v<span class=\"_ _0\"></span>alue</div>\n<div class=\"t m0 x7 h4f y12b3 ff19d fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">of <span class=\"lse0 wsfa\">intangibl<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s due to a c<span class=\"_ _2b\"></span>hange in expect<span class=\"_ _2b\"></span>ed future ben<span class=\"_ _0\"></span>efits t<span class=\"_ _0\"></span>o be </span></div>\n<div class=\"t m0 x7 h4f y12b4 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">gained from the in<span class=\"_ _2\"></span>tangible assets. Intangible<span class=\"_ _2\"></span> assets can consist among</div>\n<div class=\"t m0 x7 h4f y12b5 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">others of v<span class=\"_ _0\"></span>alue of busin<span class=\"_ _2b\"></span>ess acquired, pa<span class=\"_ _0\"></span>rking conc<span class=\"_ _2b\"></span>essions and</div>\n<div class=\"t m0 x7 h4f y12b6 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intellec<span class=\"_ _0\"></span>tual pro<span class=\"_ _0\"></span>perty.<span class=\"ls0 ws0\"> </span>Ass<span class=\"_ _0\"></span>ets that are c<span class=\"_ _2b\"></span>lassified as inta<span class=\"_ _0\"></span>ngible ass<span class=\"_ _2b\"></span>ets</div>\n<div class=\"t m0 x7 h4f y12b7 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">under IFRS but eco<span class=\"_ _2\"></span>nomically are subject to<span class=\"_ _2\"></span> specific risks (e.g. proper<span class=\"_ _2\"></span>ty)</div>\n<div class=\"t m0 x7 h4f y12b8 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are included<span class=\"_ _2\"></span> in the internal<span class=\"_ _2\"></span> capital view und<span class=\"_ _2\"></span>er Pillar 2.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12b9 ff19d fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsf0\">Insurance liab<span class=\"_ _2b\"></span>ility risks<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y12ba ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce liab<span class=\"_ _0\"></span>ility r<span class=\"_ _0\"></span>isks refe<span class=\"_ _0\"></span>r to all i<span class=\"_ _2b\"></span>nsurance under<span class=\"_ _2b\"></span>writing risks d<span class=\"_ _2b\"></span>ue to</div>\n<div class=\"t m0 x7 h4f y12bb ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">d<span class=\"lse0 wsf0\">eviations in c<span class=\"_ _0\"></span>laims aris<span class=\"_ _2b\"></span>ing from uncerta<span class=\"_ _0\"></span>inty and tim<span class=\"_ _2b\"></span>ing of the claims as </span></div>\n<div class=\"t m0 x7 h4f y12bc ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">well as dev<span class=\"_ _0\"></span>iations<span class=\"_ _0\"></span> in expenses<span class=\"_ _0\"></span> and laps<span class=\"_ _0\"></span>es, compa<span class=\"_ _0\"></span>red to unde<span class=\"_ _0\"></span>rlying</div>\n<div class=\"t m0 x7 h4f y12bd ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">assumpt<span class=\"_ _2b\"></span>ions made at the point of<span class=\"_ _0\"></span> underw<span class=\"_ _0\"></span>riting of the p<span class=\"_ _0\"></span>olicy.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12be ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12bf ff19d fs3a fc14 sc0 ls106 ws10c\" style=\"z-index: 15;\">Life risks inc<span class=\"_ _0\"></span>lude morta<span class=\"_ _0\"></span>lity risk, lon<span class=\"_ _0\"></span>gevity risk<span class=\"_ _0\"></span>, disa<span class=\"lse2 wsfa\">bility, morbid<span class=\"_ _2\"></span>ity risk </span></div>\n<div class=\"t m0 x7 h4f y12c0 ff19d fs3a fc14 sc0 lse1 ws104\" style=\"z-index: 15;\">(i.e. critical illness risk), lapse an<span class=\"_ _0\"></span>d persistency risk, expense risk,</div>\n<div class=\"t m0 x7 h4f y12c1 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">catastrophe <span class=\"_ _2\"></span>risk and revision<span class=\"_ _2\"></span> risk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12c2 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12c3 ff19d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life risks incl<span class=\"_ _0\"></span>ude reser<span class=\"_ _0\"></span>ve risk, pr<span class=\"_ _2b\"></span>emium risk and catas<span class=\"_ _0\"></span>troph<span class=\"_ _0\"></span>e risks. </span></span></div>\n<div class=\"t m0 x7 h4f y12c4 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Reserve risk i<span class=\"_ _2\"></span>s related to outstanding <span class=\"lse1 ws11d\">claims, while premium risk is </span></div>\n<div class=\"t m0 x7 h4f y12c5 ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">related t<span class=\"_ _2b\"></span>o future clai<span class=\"_ _0\"></span>ms from <span class=\"_ _0\"></span>which c<span class=\"_ _0\"></span>atastro<span class=\"_ _0\"></span>phe clai<span class=\"_ _0\"></span>ms are exc<span class=\"_ _2b\"></span>luded.</div>\n<div class=\"t m0 x7 h4f y12c6 ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Catastr<span class=\"_ _2b\"></span>ophe risk is rel<span class=\"_ _2b\"></span>ated to claims <span class=\"_ _0\"></span>arising f<span class=\"_ _2b\"></span>rom catastro<span class=\"_ _2b\"></span>phic events,</div>\n<div class=\"t m0 x7 h4f y12c7 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">either natu<span class=\"_ _2\"></span>ral disasters or<span class=\"_ _2\"></span> man<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">made ev<span class=\"_ _0\"></span>ents.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y12c8 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12c9 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Each business man<span class=\"_ _2\"></span>ages insurance risks through<span class=\"_ _2\"></span> a combination of</div>\n<div class=\"t m0 x7 h4f y12ca ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Underwriting<span class=\"_ _2\"></span> Policy, Product App<span class=\"_ _2\"></span>roval Policy, Reser<span class=\"_ _2\"></span>ving Policy, Claim<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x7 h4f y12cb ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Manage<span class=\"_ _0\"></span>ment Polic<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>and R<span class=\"_ _0\"></span>einsura<span class=\"_ _0\"></span>nce Polic<span class=\"_ _0\"></span>y. Partic<span class=\"_ _2b\"></span>ular attention is p<span class=\"_ _0\"></span>aid</div>\n<div class=\"t m0 x7 h4f y12cc ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to ensuri<span class=\"_ _2b\"></span>ng that the cus<span class=\"_ _0\"></span>tomer s<span class=\"_ _2b\"></span>egment that buy<span class=\"_ _0\"></span>s the pr<span class=\"_ _2b\"></span>oduct is</div>\n<div class=\"t m0 x7 h4f y12cd ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">consistent w<span class=\"_ _2\"></span>ith the underly<span class=\"lse0 wsf0\">ing assumpt<span class=\"_ _0\"></span>ions made ab<span class=\"_ _0\"></span>out the cus<span class=\"_ _0\"></span>tomers </span></div>\n<div class=\"t m0 x7 h4f y12ce ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">when the pr<span class=\"_ _2\"></span>oduct was designed<span class=\"_ _2\"></span> and priced.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12cf ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12d0 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Underw<span class=\"_ _0\"></span>riting pol<span class=\"_ _2b\"></span>icies are adopted as<span class=\"_ _0\"></span> part of the ov<span class=\"_ _0\"></span>erall Ent<span class=\"_ _0\"></span>erpris<span class=\"_ _0\"></span>e Risk</div>\n<div class=\"t m0 x7 h4f y12d1 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Management frame<span class=\"_ _2\"></span>work and are revised by act<span class=\"_ _2\"></span>uarial staff, who examine</div>\n<div class=\"t m0 x7 h4f y12d2 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the actual<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>loss ex<span class=\"_ _2b\"></span>perience. A <span class=\"lse2 wsfa\">range of indicat<span class=\"_ _2\"></span>ors and statistic<span class=\"_ _2\"></span>al analysis </span></div>\n<div class=\"t m0 x7 h4f y12d3 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">tools are e<span class=\"_ _0\"></span>mployed<span class=\"_ _0\"></span> to refine und<span class=\"_ _0\"></span>erwriti<span class=\"_ _2b\"></span>ng standards in orde<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>to im<span class=\"_ _0\"></span>prove</div>\n<div class=\"t m0 x7 h4f y12d4 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">loss expe<span class=\"_ _0\"></span>rience an<span class=\"_ _0\"></span>d/or ens<span class=\"_ _0\"></span>ure pricin<span class=\"_ _0\"></span>g is adjust<span class=\"_ _0\"></span>ed approp<span class=\"_ _2b\"></span>riately.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y12d5 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y12d6 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas and <span class=\"_ _2\"></span>its subsidiaries<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>aim to set prem<span class=\"_ _2\"></span>iums at a level <span class=\"_ _2\"></span>that will</div>\n<div class=\"t m0 x1a h4f y12d7 ff19d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">ensur<span class=\"lse0 wsf0\">e that premiu<span class=\"_ _0\"></span>ms receiv<span class=\"_ _0\"></span>ed plus the i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nt income e<span class=\"_ _0\"></span>arned on </span></div>\n<div class=\"t m0 x1a h4f y12d8 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">them exce<span class=\"_ _2b\"></span>ed <span class=\"_ _2\"></span>tot<span class=\"_ _0\"></span>al claim<span class=\"_ _0\"></span>s, costs of h<span class=\"_ _0\"></span>andlin<span class=\"_ _0\"></span>g those clai<span class=\"_ _0\"></span>ms and the cos<span class=\"_ _0\"></span>t of</div>\n<div class=\"t m0 x1a h4f y12d9 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">managi<span class=\"_ _0\"></span>ng the busine<span class=\"_ _2b\"></span>ss. The appropri<span class=\"_ _0\"></span>ateness of p<span class=\"_ _2b\"></span>ricing is tested usi<span class=\"_ _0\"></span>ng a</div>\n<div class=\"t m0 x1a h4f y12da ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">range of techniques<span class=\"_ _2\"></span> and key performance indica<span class=\"_ _2\"></span>tor<span class=\"lse0 wsfa\">s ap<span class=\"_ _0\"></span>propri<span class=\"_ _0\"></span>ate to a </span></div>\n<div class=\"t m0 x1a h4f y12db ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">partic<span class=\"_ _0\"></span>ular port<span class=\"_ _0\"></span>folio,<span class=\"_ _0\"></span> on both a<span class=\"_ _0\"></span> priori b<span class=\"_ _2b\"></span>asis (e.g. prof<span class=\"_ _2b\"></span>it testing) a<span class=\"_ _0\"></span>nd a</div>\n<div class=\"t m0 x1a h4f y12dc ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">poster<span class=\"_ _0\"></span>iori basis (e.<span class=\"_ _2b\"></span>g. embedded val<span class=\"_ _0\"></span>ue, combine<span class=\"_ _2b\"></span>d ratios, risks acc<span class=\"_ _0\"></span>epted</div>\n<div class=\"t m0 x1a h4f y12dd ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">during perio<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\">) </span></div>\n<div class=\"t m0 x1a h4f y12de ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y12df ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fact<span class=\"_ _2b\"></span>ors taken into<span class=\"_ _0\"></span> conside<span class=\"_ _2b\"></span>ration when p<span class=\"_ _0\"></span>ricing i<span class=\"_ _0\"></span>nsuran<span class=\"_ _0\"></span>ce vary by<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y12e0 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span> accordin<span class=\"_ _0\"></span>g to the cove<span class=\"_ _0\"></span>r and benef<span class=\"_ _0\"></span>its offer<span class=\"_ _0\"></span>ed. In gene<span class=\"_ _2b\"></span>ral<span class=\"ls0 ws0\">,<span class=\"_ _2\"></span> <span class=\"lsfc ws115\">they </span></span></div>\n<div class=\"t m0 x1a h4f y12e1 ff19d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">include:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y12e2 ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse0 wsf0\">expected claims<span class=\"_ _0\"></span> by policy<span class=\"_ _0\"></span>holders a<span class=\"_ _0\"></span>nd relate<span class=\"_ _0\"></span>d expect<span class=\"_ _0\"></span>ed pay<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">outs </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y12e3 ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and thei<span class=\"_ _0\"></span>r timin<span class=\"_ _0\"></span>g;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y12e4 ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse0 wsfa\">the level and n<span class=\"_ _0\"></span>ature of<span class=\"_ _0\"></span> variab<span class=\"_ _0\"></span>ility ass<span class=\"_ _2b\"></span>ociated with t<span class=\"_ _2b\"></span>he expected </span></span></div>\n<div class=\"t m0 x25a h4f y12e5 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefits. This<span class=\"_ _2\"></span> includes analysi<span class=\"lse1 ws104\">s of claims statistics as well as </span></div>\n<div class=\"t m0 x25a h4f y12e6 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consideration<span class=\"_ _2\"></span> of the evolution of court rul<span class=\"_ _2\"></span>ings, the economic climate</div>\n<div class=\"t m0 x25a h4f y12e7 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and demograph<span class=\"_ _2\"></span>ic trends;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y12e8 ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse0 wsf0\">other costs of prod<span class=\"_ _0\"></span>ucing the r<span class=\"_ _0\"></span>elevant pr<span class=\"_ _2b\"></span>oduct, such as dist<span class=\"_ _0\"></span>ributio<span class=\"_ _2b\"></span>n, </span></span></div>\n<div class=\"t m0 x25a h4f y12e9 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">marketi<span class=\"_ _0\"></span>ng, polic<span class=\"_ _0\"></span>y adminis<span class=\"_ _0\"></span>tratio<span class=\"_ _2b\"></span>n, and claim adminis<span class=\"_ _0\"></span>tratio<span class=\"_ _0\"></span>n <span class=\"lsf3 ws11c\">costs;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y12ea ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse2 ws103\">fi<span class=\"_ _2\"></span>nancial conditions, re<span class=\"_ _2\"></span>flecting the time value of mone<span class=\"_ _2\"></span>y;</span><span class=\"ff19d\"> </span></span></div>\n<div class=\"t m0 x1a h4f y12eb ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse0 wsf0\">solvency capit<span class=\"_ _0\"></span>al requi<span class=\"_ _0\"></span>rements;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y12ec ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse2 ws103\">ta<span class=\"_ _2\"></span>rget levels of profitabili<span class=\"_ _2\"></span>ty;</span><span class=\"ff19d\"> </span></span></div>\n<div class=\"t m0 x1a h4f y12ed ff1a0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1a1\"> <span class=\"_ _46\"> </span><span class=\"ff19d lse0 wsf0\">insurance mark<span class=\"_ _0\"></span>et condit<span class=\"_ _0\"></span>ions, not<span class=\"_ _0\"></span>ably co<span class=\"_ _0\"></span>mpetito<span class=\"_ _0\"></span>r pricing of<span class=\"_ _0\"></span> similar </span></span></div>\n<div class=\"t m0 x25a h4f y12ee ff19d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">products.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y12ef ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y12f0 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">In its exposures<span class=\"_ _2\"></span> to the above<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">mentioned ris<span class=\"_ _0\"></span>ks, Agea<span class=\"_ _0\"></span>s benefits<span class=\"_ _0\"></span> from </span></span></div>\n<div class=\"t m0 x1a h4f y12f1 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">diversifica<span class=\"_ _2\"></span>tion across geographica<span class=\"_ _2\"></span>l regions, product<span class=\"_ _2\"></span> lines and even<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y12f2 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">across the diff<span class=\"_ _2\"></span>erent insurance risk factors<span class=\"_ _2\"></span> so that Ageas is not exposed</div>\n<div class=\"t m0 x1a h4f y12f3 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">to significan<span class=\"_ _2\"></span>t concentrations of insurance<span class=\"_ _2\"></span> risks. Moreover, Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsf1\">an<span class=\"lsf4 ws0\">d its </span></span></div>\n<div class=\"t m0 x1a h4f y12f4 ff19d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">subsidiaries<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">have bu<span class=\"_ _0\"></span>ilt in specif<span class=\"_ _2b\"></span>ic mitigation m<span class=\"_ _0\"></span>easures in<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>orde<span class=\"_ _0\"></span>r to </span></span></div>\n<div class=\"t m0 x1a h4f y12f5 ff19d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">minimis<span class=\"_ _0\"></span>e their risk<span class=\"_ _0\"></span> exposur<span class=\"_ _2b\"></span>es. Examples are, l<span class=\"_ _0\"></span>apse sup<span class=\"_ _0\"></span>ported pr<span class=\"_ _0\"></span>oducts</div>\n<div class=\"t m0 x1a h4f y12f6 ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">via laps<span class=\"_ _0\"></span>e penalt<span class=\"_ _0\"></span>ies and/<span class=\"_ _2b\"></span>or market valu<span class=\"_ _2b\"></span>e adjustments <span class=\"_ _0\"></span>mitigat<span class=\"_ _0\"></span>e the los<span class=\"_ _0\"></span>s to</div>\n<div class=\"t m0 x1a h4f y12f7 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the insurance co<span class=\"_ _2\"></span>mpany and reinsurance treat<span class=\"_ _2\"></span>ies leading to limited</div>\n<div class=\"t m0 x1a h4f y12f8 ff19d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">exposur<span class=\"_ _2b\"></span>e to large loss<span class=\"_ _0\"></span>es.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 255px; height: 851px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For risk monito<span class=\"_ _2\"></span>ring Ageas considers the<span class=\"_ _2\"></span> Solvency II Solvency Capital Req<span class=\"_ _2\"></span>uirement (SCR) per sub<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">risk. In the ta<span class=\"_ _0\"></span>ble belo<span class=\"_ _0\"></span>w, the S<span class=\"_ _0\"></span>CR for eac<span class=\"_ _2b\"></span>h type of </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Underw<span class=\"_ _0\"></span>riting R<span class=\"_ _0\"></span>isk is d<span class=\"_ _0\"></span>isplayed,<span class=\"_ _0\"></span> indic<span class=\"_ _0\"></span>ating t<span class=\"_ _0\"></span>he relat<span class=\"_ _0\"></span>iv<span class=\"wsf0\">e levels<span class=\"_ _0\"></span> of risk and ca<span class=\"_ _0\"></span>pital cons<span class=\"_ _0\"></span>umption.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff1a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1a2 fs3c fc1f sc0 lsef ws15f\" style=\"left: 69px; bottom: 1049px; z-index: 15;\">Comp<span class=\"_ _2\"></span>osition of<span class=\"_ _2\"></span> SCR <span class=\"lsec wsf3\">rela<span class=\"_ _2\"></span>ted to i<span class=\"_ _2\"></span>nsurance<span class=\"_ _2\"></span> risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x225 h52 y601 ff1a2 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 535px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y601 ff1a2 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 721px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1a2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">Life Underwriting Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5ff ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 588px; bottom: 1034px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5ff ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 1034px; z-index: 15;\">944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1a2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Health Underwriting Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y605 ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 597px; bottom: 1019px; z-index: 15;\">322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y605 ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 1019px; z-index: 15;\">338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Life Underwriting Risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x16 h52 y603 ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 597px; bottom: 1004px; z-index: 15;\">966<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y603 ff1a2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 1004px; z-index: 15;\">875<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12fc ff1a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12fd ff1a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h55 y12fe ff1a4 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.2.1<span class=\"ls0 ws0\"> <span class=\"_ _211\"> </span><span class=\"lse0 wsf0\">Life unde<span class=\"_ _0\"></span>rwriti<span class=\"_ _0\"></span>ng risks<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y12ff ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life unde<span class=\"_ _0\"></span>rwriti<span class=\"_ _0\"></span>ng risk refl<span class=\"_ _0\"></span>ects the ri<span class=\"_ _0\"></span>sk arisin<span class=\"_ _0\"></span>g from Life in<span class=\"_ _0\"></span>surance</div>\n<div class=\"t m0 x7 h4f y1300 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">obligat<span class=\"_ _2b\"></span>ions, in relatio<span class=\"_ _2b\"></span>n to the perils c<span class=\"_ _2b\"></span>overed and th<span class=\"_ _0\"></span>e process<span class=\"_ _2b\"></span>es used in</div>\n<div class=\"t m0 x7 h4f y1301 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the conduct of bu<span class=\"_ _2\"></span>siness.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1302 ff1a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1303 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life unde<span class=\"_ _0\"></span>rwriti<span class=\"_ _0\"></span>ng risks ar<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">mainly compo<span class=\"_ _2\"></span>sed of mortality/longev<span class=\"_ _2\"></span>ity, </span></span></div>\n<div class=\"t m0 x7 h4f y1304 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disabil<span class=\"_ _0\"></span>ity/mo<span class=\"_ _0\"></span>rbidity<span class=\"_ _0\"></span>, lapse and p<span class=\"_ _0\"></span>ersiste<span class=\"_ _2b\"></span>ncy, life expense, r<span class=\"_ _2b\"></span>evision as well</div>\n<div class=\"t m0 x7 h4f y1305 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as catast<span class=\"_ _2b\"></span>rophe risks. T<span class=\"_ _0\"></span>his sect<span class=\"_ _2b\"></span>ion will first<span class=\"_ _0\"></span> describ<span class=\"_ _2b\"></span>e these risks <span class=\"_ _0\"></span>(sub<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1306 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">sections<span class=\"_ _0\"></span> A to F).<span class=\"_ _0\"></span> It will t<span class=\"_ _2b\"></span>hen provide an o<span class=\"_ _0\"></span>vervi<span class=\"_ _0\"></span>ew of the<span class=\"_ _0\"></span>ir manag<span class=\"_ _2b\"></span>em<span class=\"lse2 wsf1\">ent<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1307 ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">within Agea<span class=\"_ _2\"></span>s operating companie<span class=\"_ _2\"></span>s (sub<span class=\"ls0 ws0\">-<span class=\"lse1 ws11d\">section G).</span> </span></div>\n<div class=\"t m0 x7 h4f y1308 ff1a2 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">A.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span><span class=\"ls105 ws12a\">MORTAL<span class=\"_ _2\"></span>ITY/LONGEV<span class=\"_ _2\"></span>ITY RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1309 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Mortali<span class=\"_ _0\"></span>ty risk is the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>risk of l<span class=\"_ _0\"></span>oss, or of adv<span class=\"_ _0\"></span>erse chang<span class=\"_ _2b\"></span>e in the value of</div>\n<div class=\"t m0 x7 h4f y130a ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">insurance liab<span class=\"_ _2\"></span>ilities, resulting from chan<span class=\"_ _2\"></span>ges in the level, trend, or</div>\n<div class=\"t m0 x7 h4f y130b ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of mo<span class=\"_ _2b\"></span>rtality rates<span class=\"_ _0\"></span>, <span class=\"wsf0\">where a<span class=\"_ _0\"></span>n increase i<span class=\"_ _0\"></span>n the mort<span class=\"_ _0\"></span>ality rate l<span class=\"_ _0\"></span>eads </span></div>\n<div class=\"t m0 x7 h4f y130c ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to an incr<span class=\"_ _2b\"></span>ease in the val<span class=\"_ _2b\"></span>ue of insuranc<span class=\"_ _0\"></span>e liabil<span class=\"_ _0\"></span>ities. T<span class=\"_ _2b\"></span>he mortality t<span class=\"_ _0\"></span>ables</div>\n<div class=\"t m0 x7 h4f y130d ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">used in pric<span class=\"_ _0\"></span>ing incl<span class=\"_ _0\"></span>ude prude<span class=\"_ _0\"></span>ntial mar<span class=\"_ _0\"></span>gins. As pe<span class=\"_ _0\"></span>r indust<span class=\"_ _0\"></span>ry practic<span class=\"_ _0\"></span>e,</div>\n<div class=\"t m0 x7 h4f y130e ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas and <span class=\"_ _2\"></span>its subsidiaries<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"ws103\">use the population exper<span class=\"_ _2\"></span>ience tables w<span class=\"lsfc ws115\">ith </span></span></div>\n<div class=\"t m0 x7 h4f y130f ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adequat<span class=\"_ _0\"></span>e safety lo<span class=\"_ _0\"></span>adings. Ye<span class=\"_ _2b\"></span>arly review of the as<span class=\"_ _0\"></span>sumpti<span class=\"_ _0\"></span>ons is</div>\n<div class=\"t m0 x7 h4f y1310 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">necess<span class=\"_ _0\"></span>ary to co<span class=\"_ _0\"></span>mpare t<span class=\"_ _0\"></span>he expec<span class=\"_ _0\"></span>ted mo<span class=\"_ _0\"></span>rtality <span class=\"_ _0\"></span>of the p<span class=\"_ _0\"></span>ortfoli<span class=\"_ _0\"></span>o with th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y1311 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">experie<span class=\"_ _0\"></span>nce. Th<span class=\"_ _0\"></span>is analy<span class=\"_ _0\"></span>sis tak<span class=\"_ _0\"></span>es a numb<span class=\"_ _0\"></span>er of cr<span class=\"_ _0\"></span>iteria i<span class=\"_ _0\"></span>nto acc<span class=\"_ _0\"></span>ount suc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x7 h4f y1312 ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">as age, po<span class=\"_ _2\"></span>licy year, sum as<span class=\"_ _2\"></span>sured and other u<span class=\"_ _2\"></span>nderw<span class=\"lse0 wsf0\">ritin<span class=\"_ _0\"></span>g criteri<span class=\"_ _0\"></span>a. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1313 ff1a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1314 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Longevit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>risk<span class=\"_ _0\"></span> is the risk of lo<span class=\"_ _2b\"></span>ss, or of adverse chan<span class=\"_ _0\"></span>ge in the val<span class=\"_ _0\"></span>ue of</div>\n<div class=\"t m0 x7 h4f y1315 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">insurance liab<span class=\"_ _2\"></span>ilities, resulting from chan<span class=\"_ _2\"></span>ges in the level, trend, or</div>\n<div class=\"t m0 x7 h4f y1316 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of mort<span class=\"_ _0\"></span>ality rate<span class=\"_ _2b\"></span>s, where a decrease i<span class=\"_ _0\"></span>n the mortal<span class=\"_ _0\"></span>ity rate lea<span class=\"_ _2b\"></span>ds</div>\n<div class=\"t m0 x7 h4f y1317 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to an incre<span class=\"_ _0\"></span>ase in <span class=\"wsfa\">the v<span class=\"_ _0\"></span>alue of i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e liabilities. <span class=\"_ _0\"></span>This ris<span class=\"_ _2b\"></span>k is managed </span></div>\n<div class=\"t m0 x7 h4f y1318 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">through yearl<span class=\"_ _2\"></span>y revision of the mortality e<span class=\"_ _2\"></span>xperience within the portf<span class=\"_ _2\"></span>olio.</div>\n<div class=\"t m0 x7 h4f y1319 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Where l<span class=\"_ _0\"></span>ongevity<span class=\"_ _0\"></span> is foun<span class=\"_ _2b\"></span>d to be rising f<span class=\"_ _2b\"></span>aster than ass<span class=\"_ _0\"></span>umed in t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x7 h4f y131a ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">mortality <span class=\"_ _2\"></span>tables, additional pro<span class=\"_ _2\"></span>visions are set<span class=\"_ _2\"></span> up and prici<span class=\"lse0 wsf0\">ng of new </span></div>\n<div class=\"t m0 x7 h4f y131b ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">products is<span class=\"_ _2\"></span> adjusted accordingl<span class=\"_ _2\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y131c ff1a2 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">B.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span><span class=\"lsfc ws121\">DISAB<span class=\"_ _2\"></span>ILITY/M<span class=\"_ _2\"></span>ORBIDITY<span class=\"_ _2\"></span> RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y131d ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Disabil<span class=\"_ _0\"></span>ity/mo<span class=\"_ _0\"></span>rbidity<span class=\"_ _0\"></span> risk is t<span class=\"_ _0\"></span>he risk of<span class=\"_ _0\"></span> loss, <span class=\"_ _0\"></span>or of adv<span class=\"_ _0\"></span>erse ch<span class=\"_ _2b\"></span>ange in the</div>\n<div class=\"t m0 x7 h4f y131e ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value of<span class=\"_ _0\"></span> insura<span class=\"_ _0\"></span>nce lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span>, result<span class=\"_ _0\"></span>ing fro<span class=\"_ _0\"></span>m chang<span class=\"_ _2b\"></span>es in the level,<span class=\"_ _0\"></span> trend o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x7 h4f y131f ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of dis<span class=\"_ _2b\"></span>ability, sickn<span class=\"_ _2b\"></span>ess and morbi<span class=\"_ _0\"></span>dity rat<span class=\"_ _0\"></span>es. This c<span class=\"_ _2b\"></span>an, for</div>\n<div class=\"t m0 x7 h4f y1320 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">example,<span class=\"_ _0\"></span> arise in t<span class=\"_ _0\"></span>he disabil<span class=\"_ _0\"></span>ity <span class=\"lse2 ws103\">business, health bus<span class=\"_ _2\"></span>iness and <span class=\"wsf1\">worker\u2019s<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1321 ff1a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">compensation.<span class=\"_ _2\"></span> <span class=\"wsfa\">Ageas and its <span class=\"_ _2\"></span>subsidiaries<span class=\"ls0 ws0\"> </span><span class=\"ws103\">mi<span class=\"_ _2\"></span>tigate disability risk thro<span class=\"_ _2\"></span>ugh </span></span></div>\n<div class=\"t m0 x7 h4f y1322 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">medical s<span class=\"_ _2b\"></span>election strat<span class=\"_ _2b\"></span>egies and ap<span class=\"_ _0\"></span>propriat<span class=\"_ _0\"></span>e reins<span class=\"_ _0\"></span>urance c<span class=\"_ _2b\"></span>over.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1323 ff1a2 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">C.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lsfd ws120\">LAPSE AND PERSISTENCY <span class=\"_ _2\"></span>RISKS</span> </span></div>\n<div class=\"t m0 x7 h4f y1324 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Lapse risk<span class=\"_ _0\"></span> is the risk of los<span class=\"_ _0\"></span>s, or of adve<span class=\"_ _2b\"></span>rse ch<span class=\"wsfa\">ange in th<span class=\"_ _0\"></span>e value of<span class=\"_ _2b\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1325 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span>, resulti<span class=\"_ _2b\"></span>ng from chang<span class=\"_ _0\"></span>es in th<span class=\"_ _0\"></span>e level <span class=\"_ _0\"></span>or volatil<span class=\"_ _2b\"></span>ity of the</div>\n<div class=\"t m0 x7 h4f y1326 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rates of pol<span class=\"_ _2b\"></span>icy lapses and persis<span class=\"_ _0\"></span>tency<span class=\"_ _0\"></span>, which incl<span class=\"_ _2b\"></span>ude renewals,</div>\n<div class=\"t m0 x1a h4f y1327 ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">surrenders,<span class=\"_ _2\"></span> premium reductions a<span class=\"_ _2\"></span>nd other premium <span class=\"_ _2\"></span>reducing factors.</div>\n<div class=\"t m0 x1a h4f y1328 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Note that persis<span class=\"_ _2\"></span>tency ri<span class=\"lse0 wsf0\">sk is anot<span class=\"_ _0\"></span>her name so<span class=\"_ _0\"></span>metimes us<span class=\"_ _2b\"></span>ed to describe </span></div>\n<div class=\"t m0 x1a h4f y1329 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the vol<span class=\"_ _0\"></span>atility i<span class=\"_ _2b\"></span>n the policy pre<span class=\"_ _0\"></span>mium la<span class=\"_ _2b\"></span>pses and reinst<span class=\"_ _2b\"></span>atements of la<span class=\"_ _0\"></span>psed</div>\n<div class=\"t m0 x1a h4f y132a ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">policies, fre<span class=\"_ _2\"></span>e look cancellations or surre<span class=\"_ _2\"></span>nders.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y132b ff1a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y132c ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">When designing and<span class=\"_ _2\"></span> pricing insurance polic<span class=\"_ _2\"></span>ies, assumptions also need<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y132d ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be made rel<span class=\"_ _2b\"></span>atin<span class=\"wsfa\">g to the cost<span class=\"_ _0\"></span>s of se<span class=\"_ _0\"></span>lling a<span class=\"_ _0\"></span>nd then a<span class=\"_ _0\"></span>dminist<span class=\"_ _0\"></span>ering t<span class=\"_ _0\"></span>he </span></div>\n<div class=\"t m0 x1a h4f y132e ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">policies<span class=\"_ _0\"></span> until t<span class=\"_ _2b\"></span>hey lapse or mat<span class=\"_ _2b\"></span>ure and relati<span class=\"_ _2b\"></span>ng to the rate of<span class=\"_ _0\"></span> persis<span class=\"_ _0\"></span>tency</div>\n<div class=\"t m0 x1a h4f y132f ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">that will be ex<span class=\"_ _2b\"></span>perienced. The r<span class=\"_ _0\"></span>isks that<span class=\"_ _0\"></span> in actual exp<span class=\"_ _0\"></span>erience ma<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>be</div>\n<div class=\"t m0 x1a h4f y1330 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nt from the pot<span class=\"_ _0\"></span>ential im<span class=\"_ _2b\"></span>pact are identifi<span class=\"_ _2b\"></span>ed during <span class=\"lse2 ws103\">the product </span></div>\n<div class=\"t m0 x1a h4f y1331 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">development<span class=\"_ _2\"></span> stage and can be mitigated by thorough<span class=\"_ _2\"></span> product design.</div>\n<div class=\"t m0 x1a h4f y1332 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">For example, the<span class=\"_ _2\"></span> use of early redemption pena<span class=\"_ _2\"></span>lties/loyalty bonuses,</div>\n<div class=\"t m0 x1a h4f y1333 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial charg<span class=\"_ _2\"></span>es or spreading the commissi<span class=\"_ _2\"></span>on paid to distributors to<span class=\"_ _2\"></span> align</div>\n<div class=\"t m0 x1a h4f y1334 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>ts or a market<span class=\"_ _0\"></span> value<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">adjustment</span> </span>where the risks ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>com<span class=\"_ _0\"></span>pletely<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1335 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">born by t<span class=\"_ _2b\"></span>he policyhold<span class=\"_ _0\"></span>ers in cas<span class=\"_ _2b\"></span>e of lapse.<span class=\"ls0 ws0\"> </span>In som<span class=\"_ _2b\"></span>e markets, fisc<span class=\"_ _2b\"></span>al</div>\n<div class=\"t m0 x1a h4f y1336 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">incenti<span class=\"_ _0\"></span>ves als<span class=\"_ _0\"></span>o mitigat<span class=\"_ _2b\"></span>e the lapse ris<span class=\"_ _0\"></span>k<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1337 ff1a2 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">D.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"ls105 ws120\">LIFE</span>-<span class=\"lse2 wsfa\">E<span class=\"_ _2\"></span>XPENSE RISK</span> </span></div>\n<div class=\"t m0 x1a h4f y1338 ff1a2 fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">Life<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">expense risk is the ri<span class=\"_ _2\"></span>sk of loss, or of adverse change<span class=\"_ _2\"></span> in the value of </span></span></div>\n<div class=\"t m0 x1a h4f y1339 ff1a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance l<span class=\"_ _2\"></span>iabi<span class=\"ws103\">lities, resulting from<span class=\"_ _2\"></span> changes in the level, trend<span class=\"_ _2\"></span>, or </span></div>\n<div class=\"t m0 x1a h4f y133a ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of the exp<span class=\"_ _0\"></span>enses inc<span class=\"_ _0\"></span>urred in ser<span class=\"_ _0\"></span>vicing i<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e or reinsurance</div>\n<div class=\"t m0 x1a h4f y133b ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts. Expen<span class=\"_ _2\"></span>se risk arises if the expenses<span class=\"_ _2\"></span> anticipated when pricing</div>\n<div class=\"t m0 x1a h4f y133c ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a guarant<span class=\"_ _2b\"></span>ee are insuff<span class=\"_ _0\"></span>icient t<span class=\"_ _2b\"></span>o cover the actu<span class=\"_ _0\"></span>al costs<span class=\"_ _0\"></span> <span class=\"wsf0\">accrui<span class=\"_ _0\"></span>ng in the </span></div>\n<div class=\"t m0 x1a h4f y133d ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing year.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y133e ff1a2 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">E.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span><span class=\"lsfc ws121\">REVIS<span class=\"_ _2\"></span>ION RISK<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x1a h4f y133f ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Revisio<span class=\"_ _0\"></span>n risk is the<span class=\"_ _0\"></span> risk of loss, or of a<span class=\"_ _0\"></span>dverse ch<span class=\"_ _0\"></span>ange in the v<span class=\"_ _0\"></span>alue of</div>\n<div class=\"t m0 x1a h4f y1340 ff1a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">insurance liab<span class=\"_ _2\"></span>ilities, resulting from fl<span class=\"_ _2\"></span>uctuations in the level, trend<span class=\"_ _2\"></span>, or</div>\n<div class=\"t m0 x1a h4f y1341 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of t<span class=\"_ _0\"></span>he revi<span class=\"_ _0\"></span>sion rate<span class=\"_ _2b\"></span>s applied to an<span class=\"_ _0\"></span>nuities<span class=\"_ _0\"></span>, due t<span class=\"wsf0\">o c<span class=\"_ _0\"></span>hanges in th<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x1a h4f y1342 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">legal envi<span class=\"_ _2b\"></span>ronment or in the stat<span class=\"_ _2b\"></span>e of health of the pers<span class=\"_ _0\"></span>on insur<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1343 ff1a2 fs3a fc1f sc0 lsf3 ws11c\" style=\"z-index: 15;\">F.<span class=\"ls0 ws0\"> <span class=\"_ _a\"> </span><span class=\"lsfd ws120\">CATASTROPHE RISK </span> </span></div>\n<div class=\"t m0 x1a h4f y1344 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life\u2019s cat<span class=\"_ _2b\"></span>astrophe risk ste<span class=\"_ _2b\"></span>ms <span class=\"_ _2\"></span>fro<span class=\"_ _2b\"></span>m extreme or irregul<span class=\"_ _2b\"></span>ar events that are</div>\n<div class=\"t m0 x1a h4f y1345 ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">life thr<span class=\"_ _0\"></span>eatenin<span class=\"_ _0\"></span>g, for<span class=\"_ _0\"></span> example <span class=\"_ _0\"></span>nuclea<span class=\"_ _0\"></span>r explos<span class=\"_ _0\"></span>ion, new <span class=\"_ _0\"></span>infec<span class=\"_ _0\"></span>tious <span class=\"lse2 wsf1\">pandemic </span></div>\n<div class=\"t m0 x1a h4f y1346 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">disease,<span class=\"_ _0\"></span> terroris<span class=\"_ _2b\"></span>m, or natural disas<span class=\"_ _0\"></span>ters.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1347 ff1a2 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">G.<span class=\"ls0 ws0\"> <span class=\"_ _c2\"> </span><span class=\"lsfa ws136\">MA<span class=\"_ _2\"></span>NAGEMENT OF <span class=\"_ _2\"></span>LIFE RISKS <span class=\"_ _2\"></span>AT AGEAS INS<span class=\"_ _2\"></span>URANCE </span></span></div>\n<div class=\"t m0 x237 h4f y1348 ff1a2 fs3a fc1f sc0 lsfd ws116\" style=\"z-index: 15;\">COMPANIES <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1349 ff1a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life unde<span class=\"_ _0\"></span>rwriti<span class=\"_ _0\"></span>ng risks ar<span class=\"_ _0\"></span>e monitor<span class=\"_ _0\"></span>ed via inter<span class=\"_ _0\"></span>nal quart<span class=\"_ _0\"></span>erly risk re<span class=\"_ _2b\"></span>porting</div>\n<div class=\"t m0 x1a h4f y134a ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in order t<span class=\"_ _2b\"></span>o better unders<span class=\"_ _0\"></span>tand t<span class=\"_ _0\"></span>heir ex<span class=\"_ _0\"></span>posure t<span class=\"_ _0\"></span>o certa<span class=\"_ _0\"></span>in events<span class=\"_ _0\"></span> and th<span class=\"_ _0\"></span>ei<span class=\"wsef\">r </span></div>\n<div class=\"t m0 x1a h4f y134b ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">evoluti<span class=\"_ _0\"></span>on. Most<span class=\"_ _0\"></span> of the L<span class=\"_ _0\"></span>ife ins<span class=\"_ _0\"></span>urance o<span class=\"_ _2b\"></span>perating comp<span class=\"_ _0\"></span>anies a<span class=\"_ _0\"></span>re expos<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x1a h4f y134c ff1a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to simil<span class=\"_ _0\"></span>ar event<span class=\"_ _0\"></span>s, suc<span class=\"_ _0\"></span>h as (mas<span class=\"_ _0\"></span>s) laps<span class=\"_ _2b\"></span>e events, expe<span class=\"_ _0\"></span>nses or</div>\n<div class=\"t m0 x1a h4f y134d ff1a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">mortality/long<span class=\"_ _2\"></span>evity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 269px; height: 837px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1a6 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">H.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"ls107 ws120\">SENSIT<span class=\"_ _2b\"></span>IVITIES ON T<span class=\"_ _2b\"></span>ECHNICAL P<span class=\"_ _0\"></span>ROVIS<span class=\"_ _0\"></span>IONS <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1a6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span></span><span class=\"ws103\">main tool for monit<span class=\"lse0 wsf0\">oring the sensit<span class=\"_ _2b\"></span>ivity of the life insu<span class=\"_ _2b\"></span>rance </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies to underwrit<span class=\"_ _0\"></span>ing risks is<span class=\"_ _0\"></span> the quarte<span class=\"_ _2b\"></span>rly risk reporting,<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>whic<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x7 h4f y805 ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contains the<span class=\"_ _2\"></span> capital requirements by sub<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse1 wsf0\">risk. <span class=\"lse0\">For con<span class=\"_ _0\"></span>solidate<span class=\"_ _2b\"></span>d entities </span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subject t<span class=\"_ _2b\"></span>o Solvency II<span class=\"_ _0\"></span> or equiv<span class=\"_ _0\"></span>alent r<span class=\"_ _0\"></span>egimes,<span class=\"_ _0\"></span> t<span class=\"lse2\">hese capital re<span class=\"_ _2\"></span>quir<span class=\"wsf1\">ements </span></span></div>\n<div class=\"t m0 x7 h4f y807 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reflect t<span class=\"_ _0\"></span>he impact o<span class=\"_ _0\"></span>n Solvency<span class=\"_ _0\"></span> II Own Funds<span class=\"_ _0\"></span> under high<span class=\"_ _0\"></span>ly stress<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f y808 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">underw<span class=\"_ _0\"></span>riting ass<span class=\"_ _0\"></span>umption<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>(e.<span class=\"_ _0\"></span>g. lapse rat<span class=\"_ _0\"></span>es, mort<span class=\"_ _0\"></span>ality rat<span class=\"_ _0\"></span>es, disabi<span class=\"_ _0\"></span>lity and</div>\n<div class=\"t m0 x7 h4f y809 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">morbidit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>rat<span class=\"_ _2b\"></span>es, expenses, \u2026)<span class=\"ls0 ws0\"> </span>cor<span class=\"_ _2b\"></span>responding to a 1 in 200 st<span class=\"_ _0\"></span>ress.<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t m0 x7 h4f y80a ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80b ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The majority of<span class=\"_ _2\"></span> Life technical provisio<span class=\"lse0 wsf0\">ns at Ageas relat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>to Sa<span class=\"_ _0\"></span>vings &amp; </span></div>\n<div class=\"t m0 x7 h4f y80c ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Pensio<span class=\"_ _0\"></span>n business<span class=\"_ _0\"></span>. As a result<span class=\"_ _0\"></span>, the main u<span class=\"_ _0\"></span>ncertaint<span class=\"_ _2b\"></span>ies to Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"ls106 ws124\">life </span></span></div>\n<div class=\"t m0 x7 h4f y80d ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce liabilit<span class=\"_ _2b\"></span>ies are<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">related t<span class=\"_ _0\"></span>o<span class=\"ls0 ws0\"> <span class=\"lse1 ws11d\">market risks suc</span>h <span class=\"lse1 ws104\">a<span class=\"_ _2\"></span>s t</span></span>h<span class=\"_ _0\"></span>e level of f<span class=\"_ _2b\"></span>ixed </span></div>\n<div class=\"t m0 x7 h4f y80e ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">income spread<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">lev<span class=\"_ _0\"></span>els, risk ass<span class=\"_ _2b\"></span>et returns, and th<span class=\"_ _0\"></span>e term struct<span class=\"_ _0\"></span>ure of </span></span></div>\n<div class=\"t m0 x7 h4f y80f ff1a6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">interest <span class=\"_ _2\"></span><span class=\"ws103\">rates, rather than underw<span class=\"_ _2\"></span>riting risks such as lapse, mor<span class=\"_ _2\"></span>tality or </span></div>\n<div class=\"t m0 x7 h4f y810 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expense ri<span class=\"_ _2b\"></span>sks. <span class=\"wsfa\">For Protect<span class=\"_ _2b\"></span>ion, Annuity<span class=\"_ _0\"></span> or Healt<span class=\"_ _0\"></span>h produc<span class=\"_ _0\"></span>ts, th<span class=\"_ _0\"></span>e relativ<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y90a ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">importa<span class=\"_ _2b\"></span>nce of underwrit<span class=\"_ _0\"></span>ing risks ca<span class=\"_ _0\"></span>n be more imp<span class=\"_ _2b\"></span>ortant for individ<span class=\"_ _0\"></span>ual</div>\n<div class=\"t m0 x7 h4f y90b ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">entitie<span class=\"_ _0\"></span>s, howev<span class=\"_ _2b\"></span>er these are not<span class=\"_ _0\"></span> the mai<span class=\"_ _2b\"></span>n risks a<span class=\"wsf0\">t the Gro<span class=\"_ _0\"></span>up level.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y90c ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90d ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Based on thi<span class=\"_ _0\"></span>s, Ageas<span class=\"_ _0\"></span> does not reg<span class=\"_ _0\"></span>ularly re<span class=\"_ _2b\"></span>port quantitati<span class=\"_ _0\"></span>ve first or<span class=\"_ _0\"></span>der</div>\n<div class=\"t m0 x7 h4f y90e ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sensitiv<span class=\"_ _2b\"></span>ities on a Group<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">wide basis. <span class=\"_ _2\"></span>Instead, these ri<span class=\"_ _2\"></span>sks are monitored </span></span></div>\n<div class=\"t m0 x7 h4f y90f ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as part of the r<span class=\"_ _0\"></span>egular ris<span class=\"_ _0\"></span>k report<span class=\"_ _0\"></span>ing which<span class=\"_ _0\"></span> takes an econ<span class=\"_ _2b\"></span>omic view.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 yb28 ff1a8 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.2.2<span class=\"ls0 ws0\"> <span class=\"_ _211\"> </span><span class=\"lse2 wsf1\">Non</span>-<span class=\"ls102 ws11d\">lif<span class=\"_ _2\"></span>e <span class=\"lse2 wsfa\">underwriting ri<span class=\"_ _2\"></span>sks</span></span> </span></div>\n<div class=\"t m0 x7 h4f yb29 ff1a6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life<span class=\"_ _2\"></span> underwriting ris<span class=\"_ _2\"></span>ks are mainly compo<span class=\"_ _2\"></span>sed of reserve, pre<span class=\"_ _2\"></span>mium, </span></div>\n<div class=\"t m0 x7 h4f yb2a ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">catast<span class=\"_ _0\"></span>rophe an<span class=\"_ _0\"></span>d lapse r<span class=\"_ _0\"></span>isks. T<span class=\"_ _0\"></span>his sect<span class=\"_ _2b\"></span>ion will first d<span class=\"_ _2b\"></span>escribe these <span class=\"_ _0\"></span>risks</div>\n<div class=\"t m0 x7 h4f yb2b ff1a6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">(sub<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">sectio<span class=\"_ _2b\"></span>ns A <span class=\"_ _2\"></span>to D<span class=\"_ _0\"></span>). It will the<span class=\"_ _0\"></span>n provide an ov<span class=\"_ _2b\"></span>erview of their </span></div>\n<div class=\"t m0 x7 h4f yb2c ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">management w<span class=\"_ _2\"></span>ithin Ageas operating<span class=\"_ _2\"></span> companies (sub<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">se<span class=\"_ _0\"></span>ction E) and </span></span></div>\n<div class=\"t m0 x7 h4f yb2d ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">loss ratios (sub<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">secti<span class=\"_ _2b\"></span>on F), Non<span class=\"ls0 ws0\">-<span class=\"lse1 ws104\">life risk sensitivities (sub</span>-</span>section G) a<span class=\"_ _0\"></span>nd </span></span></div>\n<div class=\"t m0 x7 h4f y962 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">loss res<span class=\"_ _0\"></span>erve ta<span class=\"_ _0\"></span>bles (s<span class=\"_ _0\"></span>ub<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">section H).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y893 ff1a6 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">A.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span><span class=\"lsfd ws120\">RESERVE RISK </span> </span></div>\n<div class=\"t m0 x7 h4f y894 ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Reserve ri<span class=\"_ _2\"></span>sk is related to<span class=\"_ _2\"></span> outstanding claims<span class=\"_ _2\"></span> and represents th<span class=\"_ _2\"></span>e risk of</div>\n<div class=\"t m0 x7 h4f y895 ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">adverse change<span class=\"_ _2\"></span> in<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">the val<span class=\"_ _0\"></span>ue of insura<span class=\"_ _2b\"></span>nce liabilities r<span class=\"_ _0\"></span>esulting f<span class=\"_ _0\"></span>rom </span></span></div>\n<div class=\"t m0 x7 h4f y896 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fluctuat<span class=\"_ _2b\"></span>ions in the timing and a<span class=\"_ _2b\"></span>mount of claim sett<span class=\"_ _0\"></span>lement<span class=\"_ _0\"></span>s and claims</div>\n<div class=\"t m0 x7 h4f y897 ff1a6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9b1 ff1a6 fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">B.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span><span class=\"ls104 ws136\">PREMIUM RI<span class=\"_ _0\"></span>SK<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y9b2 ff1a6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"ws103\">life<span class=\"_ _2\"></span> premium risk is the risk tha<span class=\"_ _2\"></span>t the premium will not be suffi<span class=\"_ _2\"></span>cient to </span></div>\n<div class=\"t m0 x7 h4f y9b3 ff1a6 fs3a fc14 sc0 ls102 ws115\" style=\"z-index: 15;\">cover al<span class=\"_ _2\"></span>l liabilities<span class=\"_ _2\"></span> including<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">cl<span class=\"_ _2\"></span>aims and expenses r<span class=\"_ _2\"></span>esulting from </span></span></div>\n<div class=\"t m0 x7 h4f y9b4 ff1a6 fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">fluctuations in frequency, severity of claims, timing of claim settlements,</div>\n<div class=\"t m0 x7 h4f y9b5 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or adverse c<span class=\"_ _0\"></span>hanges<span class=\"_ _0\"></span> in expenses<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y9b6 ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y9b7 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Claims lo<span class=\"_ _0\"></span>sses can dif<span class=\"_ _0\"></span>fer fro<span class=\"_ _0\"></span>m the expect<span class=\"_ _2b\"></span>ed outcome for a ran<span class=\"_ _0\"></span>ge of</div>\n<div class=\"t m0 x7 h4f y9b8 ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">reasons. Analy<span class=\"_ _2\"></span>sis of claims will generall<span class=\"_ _2\"></span>y tr<span class=\"wsfa\">eat differently <span class=\"_ _2\"></span>short and long<span class=\"ls0 ws0\">-</span></span></div>\n<div class=\"t m0 x1a h4f yd4c ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">tail clai<span class=\"_ _2\"></span>ms. Short<span class=\"ls0 ws0\">-</span><span class=\"ws103\">tail cla<span class=\"_ _2\"></span>ims, such as motor damage and prope<span class=\"_ _2\"></span>rty </span></div>\n<div class=\"t m0 x1a h4f ye9a ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">damage cl<span class=\"_ _0\"></span>aims, are ge<span class=\"_ _0\"></span>nerally r<span class=\"_ _2b\"></span>eported within a fe<span class=\"_ _0\"></span>w days or wee<span class=\"_ _0\"></span>ks and</div>\n<div class=\"t m0 x1a h4f ye9b ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are sett<span class=\"_ _0\"></span>led soo<span class=\"_ _0\"></span>n afterw<span class=\"_ _0\"></span>ards. Th<span class=\"_ _0\"></span>e resol<span class=\"_ _0\"></span>ution of<span class=\"_ _0\"></span> long<span class=\"ls0 ws0\">-</span>tail c<span class=\"_ _2b\"></span>laims, such as<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ye9c ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">bodily inj<span class=\"_ _2b\"></span>ury or <span class=\"wsfa\">liability c<span class=\"_ _0\"></span>laims, c<span class=\"_ _2b\"></span>an take years to c<span class=\"_ _2b\"></span>omplete. In t<span class=\"_ _0\"></span>he case <span class=\"_ _0\"></span>of </span></div>\n<div class=\"t m0 x1a h4f ye9d ff1a6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">long<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">tail claims, <span class=\"_ _0\"></span>inform<span class=\"_ _0\"></span>ation con<span class=\"_ _2b\"></span>cerning the ev<span class=\"_ _0\"></span>ent, suc<span class=\"_ _2b\"></span>h as medical </span></span></div>\n<div class=\"t m0 x1a h4f yd2e ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">treatment re<span class=\"_ _2\"></span>quired, may, due <span class=\"_ _2\"></span>to its very na<span class=\"_ _2\"></span>ture, not be rea<span class=\"_ _2\"></span>dily</div>\n<div class=\"t m0 x1a h4f yd2f ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">obtainable.<span class=\"_ _2\"></span> Analysis of long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls106 ws10c\">tail loss<span class=\"_ _2b\"></span>es is also more difficult<span class=\"lse2 wsfa\">, requires </span></span></span></div>\n<div class=\"t m0 x1a h4f yd30 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">more det<span class=\"_ _2b\"></span>ailed work and <span class=\"_ _2b\"></span>is subject to g<span class=\"_ _2b\"></span>reater uncerta<span class=\"_ _0\"></span>inties<span class=\"_ _0\"></span> than an<span class=\"_ _0\"></span>alysis</div>\n<div class=\"t m0 x1a h4f yd31 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of short<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">tail losses<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd32 ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yd33 ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas and <span class=\"_ _2\"></span>its subsidiaries<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>take into accoun<span class=\"_ _2\"></span>t experience with <span class=\"_ _2\"></span>similar</div>\n<div class=\"t m0 x1a h4f yd34 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cases and h<span class=\"_ _0\"></span>istoric<span class=\"_ _0\"></span>al trends, s<span class=\"_ _0\"></span>uch as res<span class=\"_ _0\"></span>erving pat<span class=\"_ _0\"></span>terns,<span class=\"_ _0\"></span> exposur<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1350 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">growth, l<span class=\"_ _0\"></span>oss p<span class=\"wsfa\">ayment<span class=\"_ _2b\"></span>s, pending lev<span class=\"_ _2b\"></span>els of unpaid c<span class=\"_ _0\"></span>laims,<span class=\"_ _0\"></span> as well as <span class=\"_ _2b\"></span>court </span></div>\n<div class=\"t m0 x1a h4f y1351 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">decisi<span class=\"_ _0\"></span>ons and ec<span class=\"_ _2b\"></span>onomic condit<span class=\"_ _0\"></span>ions. I<span class=\"_ _2b\"></span>n the event that <span class=\"_ _2b\"></span>experience is</div>\n<div class=\"t m0 x1a h4f y1352 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">either de<span class=\"_ _0\"></span>emed insu<span class=\"_ _2b\"></span>fficient or lackin<span class=\"_ _2b\"></span>g altogether due to t<span class=\"_ _0\"></span>he specif<span class=\"_ _0\"></span>ic</div>\n<div class=\"t m0 x1a h4f y1353 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">nature of<span class=\"_ _0\"></span> the cla<span class=\"_ _2b\"></span>im event</div>\n<div class=\"t m0 x2b2 h9f y1354 ff1a9 fs41 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">5</div>\n<div class=\"t m0 x1e1 h4f y1355 ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">, Ageas draws fro<span class=\"_ _2\"></span>m <span class=\"wsfa\">reliable (external<span class=\"_ _2\"></span> or other) </span></div>\n<div class=\"t m0 x1a h4f y1356 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">sources<span class=\"_ _0\"></span> and ass<span class=\"_ _2b\"></span>essments whil<span class=\"_ _0\"></span>e respec<span class=\"_ _0\"></span>ting its<span class=\"_ _0\"></span> Risk p<span class=\"_ _0\"></span>osition.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1357 ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1358 ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">To mitigate the c<span class=\"_ _2\"></span>laims risk, Ageas and its subs<span class=\"_ _2\"></span>idiaries<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">adopt acc<span class=\"_ _0\"></span>eptanc<span class=\"_ _2b\"></span>e </span></span></div>\n<div class=\"t m0 x1a h4f y1359 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rules and u<span class=\"_ _0\"></span>nderwrit<span class=\"_ _2b\"></span>ing policies. The p<span class=\"_ _0\"></span>ricing is<span class=\"_ _0\"></span> defined by c<span class=\"_ _0\"></span>lient seg<span class=\"_ _0\"></span>ment</div>\n<div class=\"t m0 x1a h4f y135a ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and class of<span class=\"_ _0\"></span> business<span class=\"_ _0\"></span> based on kn<span class=\"_ _0\"></span>owledge o<span class=\"_ _0\"></span>r expectat<span class=\"_ _2b\"></span>ions of future</div>\n<div class=\"t m0 x1a h4f y135b ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">movements in claim<span class=\"_ _2\"></span>s frequency and severity<span class=\"_ _2\"></span>. <span class=\"lse0 wsfa\">Ag<span class=\"_ _2b\"></span>eas and its subs<span class=\"_ _0\"></span>idiari<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y135c ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">also benef<span class=\"_ _2b\"></span>it from diversific<span class=\"_ _2b\"></span>ation effects by en<span class=\"_ _0\"></span>gagin<span class=\"_ _0\"></span>g in a wide range of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y135d ff1a6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life<span class=\"_ _2\"></span> insurance classes a<span class=\"_ _2\"></span>nd geographies. Th<span class=\"_ _2\"></span>is does not reduc<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y135e ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">averag<span class=\"_ _0\"></span>e claims, <span class=\"_ _2b\"></span>although it d<span class=\"_ _0\"></span>oes signi<span class=\"_ _2b\"></span>ficantly reduc<span class=\"_ _2b\"></span>e the variation i<span class=\"_ _2b\"></span>n the</div>\n<div class=\"t m0 x1a h4f y135f ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">total clai<span class=\"_ _2b\"></span>ms book and therefo<span class=\"_ _0\"></span>re the risk.<span class=\"_ _0\"></span> The risk of unex<span class=\"_ _2b\"></span>pectedly large</div>\n<div class=\"t m0 x1a h4f y1360 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">claims is c<span class=\"_ _0\"></span>ontaine<span class=\"_ _0\"></span>d by policy li<span class=\"_ _2b\"></span>mits, concentrat<span class=\"_ _0\"></span>ion risk m<span class=\"_ _0\"></span>anageme<span class=\"_ _2b\"></span>nt and</div>\n<div class=\"t m0 x1a h4f y1361 ff1a6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ance.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1362 ff1a6 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">C.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lsfd ws120\">CATASTROPHE RISK</span> </span></div>\n<div class=\"t m0 x1a h4f y1363 ff1a6 fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">Ca<span class=\"lse0 wsfa\">tastr<span class=\"_ _0\"></span>ophe risk<span class=\"_ _2b\"></span> is related to c<span class=\"_ _0\"></span>laims g<span class=\"_ _2b\"></span>enerated by cat<span class=\"_ _2b\"></span>astrophic eve<span class=\"_ _0\"></span>nts, </span></div>\n<div class=\"t m0 x1a h4f y1364 ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">natural disast<span class=\"_ _2\"></span>ers such as storms, floods, ear<span class=\"_ _2\"></span>thquakes, freezes, tsunami<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y1365 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or man<span class=\"ls0 ws0\">-</span>made ev<span class=\"_ _0\"></span>ents such as t<span class=\"_ _0\"></span>errorist<span class=\"_ _2b\"></span> attacks, explos<span class=\"_ _0\"></span>ions or cas<span class=\"_ _0\"></span>ualty</div>\n<div class=\"t m0 x1a h4f y1366 ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">claims wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>a lot of<span class=\"_ _0\"></span> victims i<span class=\"_ _0\"></span>nvolved or w<span class=\"_ _0\"></span>it<span class=\"lse1 ws11d\">h collateral impacts such as </span></div>\n<div class=\"t m0 x1a h4f y1367 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">polluti<span class=\"_ _2b\"></span>on or business i<span class=\"_ _0\"></span>nterrupt<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1368 ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1369 ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The miti<span class=\"_ _0\"></span>gation <span class=\"_ _0\"></span>of the c<span class=\"_ _0\"></span>atastro<span class=\"_ _2b\"></span>phe risk is don<span class=\"_ _0\"></span>e via c<span class=\"_ _0\"></span>oncentrat<span class=\"_ _2b\"></span>ion risk</div>\n<div class=\"t m0 x1a h4f y136a ff1a6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">management an<span class=\"_ _2\"></span>d reinsurance. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y136b ff1a6 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">D.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lse2 wsfa\">LAPSE RISK</span> </span></div>\n<div class=\"t m0 x1a h4f y136c ff1a6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Lapse ri<span class=\"_ _0\"></span>sk is re<span class=\"_ _0\"></span>lated t<span class=\"_ _0\"></span>o future p<span class=\"_ _2b\"></span>remiums includ<span class=\"_ _2b\"></span>ed in the premi<span class=\"_ _2b\"></span>um</div>\n<div class=\"t m0 x1a h4f y136d ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provisi<span class=\"_ _0\"></span>on wh<span class=\"lse2 ws103\">ere an expected profit is<span class=\"_ _2\"></span> foreseen. Lapse risk is the ri<span class=\"_ _2\"></span>sk that </span></div>\n<div class=\"t m0 x1a h4f y136e ff1a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">more laps<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>wil<span class=\"_ _0\"></span>l occur tha<span class=\"_ _0\"></span>n the expect<span class=\"_ _2b\"></span>ed ones, generat<span class=\"_ _0\"></span>ing less pr<span class=\"_ _0\"></span>ofit</div>\n<div class=\"t m0 x1a h4f y136f ff1a6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">than foreseen.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1370 ff1a9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"_ _20e\"> </span><span class=\"ff1a6\"> </span></div>\n<div class=\"t m0 x2c h4f y1371 ff1a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h5c y74b ff1a8 fs3f fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">5  <span class=\"_ _c2\"> </span><span class=\"lsf1 ws107\">E.<span class=\"_ _2\"></span>g. ENID (Events not in data<span class=\"_ _0\"></span>) events.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 118px; height: 988px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1aa fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">E.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span><span class=\"lsfa ws136\">MANAGEME<span class=\"_ _2\"></span>NT OF NON</span>-<span class=\"lsfd ws120\">L<span class=\"_ _2\"></span>IFE RISKS AT AGEAS </span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The management<span class=\"_ _2\"></span> of Non<span class=\"ls0 ws0\">-<span class=\"lse1 ws11d\">life risk </span></span>at Ageas follows<span class=\"_ _2\"></span> underwriting and risk<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y804 ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">taking mana<span class=\"_ _2\"></span>gement instructions<span class=\"_ _2\"></span> and guidance is<span class=\"_ _2\"></span>sued at each Non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls106 ws124\">life </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">entity of t<span class=\"_ _0\"></span>he Group. Th<span class=\"_ _0\"></span>is includ<span class=\"_ _0\"></span>es, amongs<span class=\"_ _0\"></span>t other th<span class=\"_ _0\"></span>ings, risk<span class=\"_ _0\"></span> accepta<span class=\"_ _0\"></span>nce</div>\n<div class=\"t m0 x7 h4f y806 ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">rules, claim<span class=\"_ _2\"></span>s guidance, reins<span class=\"_ _2\"></span>urance taking ac<span class=\"_ _2\"></span>tivity and management.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 ff1aa fs3a fc14 sc0 lsfd ws120\" style=\"z-index: 15;\">At Gro<span class=\"lse0 wsf0\">up level a number of<span class=\"_ _0\"></span> reporti<span class=\"_ _2b\"></span>ng schemes relat<span class=\"_ _0\"></span>ed to the abov<span class=\"_ _0\"></span>e are </span></div>\n<div class=\"t m0 x7 h4f y809 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in place e.<span class=\"_ _0\"></span>g. KPI report<span class=\"_ _0\"></span>s and ade<span class=\"_ _0\"></span>quacy test<span class=\"_ _0\"></span>ing both on c<span class=\"_ _0\"></span>laims<span class=\"ls0 ws0\">- <span class=\"lse2 wsf1\">and </span></span></div>\n<div class=\"t m0 x7 h4f y80a ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">premium reserv<span class=\"_ _2\"></span>es. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In addition<span class=\"_ _2\"></span>, an internal mode<span class=\"_ _2\"></span>l has been bui<span class=\"_ _2\"></span>lt in order to be<span class=\"_ _2\"></span>tter manage</div>\n<div class=\"t m0 x7 h4f y80d ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life underwrit<span class=\"_ _0\"></span>ing risks of<span class=\"_ _0\"></span> the entiti<span class=\"_ _0\"></span>es and of the gr<span class=\"_ _2b\"></span>oup, The </span></span></div>\n<div class=\"t m0 x7 h4f y80e ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">model is us<span class=\"_ _0\"></span>ed to find the opt<span class=\"_ _2b\"></span>imal reinsura<span class=\"_ _0\"></span>nce prog<span class=\"_ _0\"></span>rams to miti<span class=\"_ _0\"></span>gate the</div>\n<div class=\"t m0 x7 h4f y80f ff1aa fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-</span><span class=\"ws103\">life<span class=\"_ _2\"></span> risks of the entities but also<span class=\"_ _2\"></span> to <span class=\"lse0 wsf0\">avoi<span class=\"_ _0\"></span>d risk conc<span class=\"_ _0\"></span>entrati<span class=\"_ _2b\"></span>on across </span></span></div>\n<div class=\"t m0 x7 h4f y810 ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the Group<span class=\"_ _2\"></span>. Weather<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">related cl<span class=\"_ _0\"></span>aims is a typic<span class=\"_ _0\"></span>al exampl<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>con<span class=\"_ _2b\"></span>centration </span></span></div>\n<div class=\"t m0 x7 h4f y90a ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of risks<span class=\"_ _0\"></span> for the g<span class=\"_ _2b\"></span>roup. Climate c<span class=\"_ _2b\"></span>hange has a part<span class=\"_ _2b\"></span>icular focus i<span class=\"_ _2b\"></span>n this</div>\n<div class=\"t m0 x7 h4f y90b ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">context. For<span class=\"_ _2\"></span> the modelling o<span class=\"_ _2\"></span>f natural events, <span class=\"_ _2\"></span>external models are<span class=\"_ _2\"></span> used.</div>\n<div class=\"t m0 x7 h4f y90c ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas ensure<span class=\"_ _2\"></span>s a permanent foll<span class=\"_ _2\"></span>ow<span class=\"ls0 ws0\">-</span><span class=\"lse0\">up of t<span class=\"_ _0\"></span>he implic<span class=\"_ _0\"></span>ation of<span class=\"_ _0\"></span> climat<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x1a h4f y1372 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">change on th<span class=\"_ _2b\"></span>ose models and a perma<span class=\"_ _0\"></span>nent disc<span class=\"_ _2b\"></span>ussion takes plac<span class=\"_ _0\"></span>e with</div>\n<div class=\"t m0 x1a h4f y1373 ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the providers of<span class=\"_ _2\"></span> the models.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y814 ff1aa fs3a fc1f sc0 lsf3 ws11c\" style=\"z-index: 15;\">F.<span class=\"ls0 ws0\"> <span class=\"_ _a\"> </span></span><span class=\"ls107\">LOSS RA<span class=\"_ _0\"></span>TIOS<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y815 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">A loss rat<span class=\"_ _2b\"></span>io is the sing<span class=\"_ _0\"></span>le measu<span class=\"_ _2b\"></span>re used for asses<span class=\"_ _2b\"></span>sing the</div>\n<div class=\"t m0 x1a h4f y816 ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">appropriatenes<span class=\"_ _2\"></span>s of the part of <span class=\"lse0 wsfa\">premium r<span class=\"_ _2b\"></span>ates marketed t<span class=\"_ _2b\"></span>o cover </span></div>\n<div class=\"t m0 x1a h4f y817 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce clai<span class=\"_ _0\"></span>ms. It is <span class=\"_ _0\"></span>defined <span class=\"_ _2b\"></span>as the ratio of t<span class=\"_ _2b\"></span>otal claim cost<span class=\"_ _0\"></span> (estim<span class=\"_ _0\"></span>ated)</div>\n<div class=\"t m0 x1a h4f y818 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">divided by<span class=\"_ _0\"></span> premium<span class=\"_ _0\"></span>s earned. C<span class=\"_ _0\"></span>ombined r<span class=\"_ _2b\"></span>atio is the sum of loss rati<span class=\"_ _2b\"></span>o and</div>\n<div class=\"t m0 x1a h4f y819 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expense r<span class=\"_ _2b\"></span>atio (including co<span class=\"_ _2b\"></span>mmissions).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y81a ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y81b ff1aa fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Generally <span class=\"_ _2\"></span><span class=\"lse0 wsef\">spe<span class=\"_ _0\"></span>aking,<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">on<span class=\"_ _0\"></span>e may expect<span class=\"_ _0\"></span> to experie<span class=\"_ _2b\"></span>nce a combined rati<span class=\"_ _2b\"></span>o </span></span></div>\n<div class=\"t m0 x1a h4f y81c ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">below 100 p<span class=\"_ _0\"></span>ercent<span class=\"lsfc ws115\">. </span><span class=\"wsfa\">For re<span class=\"_ _2b\"></span>asons of intr<span class=\"_ _0\"></span>insic va<span class=\"_ _0\"></span>riabili<span class=\"_ _0\"></span>ty of the <span class=\"_ _2b\"></span>claims </span></div>\n<div class=\"t m0 x1a h4f y81d ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">process<span class=\"_ _0\"></span> and/or <span class=\"_ _0\"></span>premium <span class=\"_ _0\"></span>ineffic<span class=\"_ _0\"></span>iency o<span class=\"_ _0\"></span>ne might f<span class=\"_ _2b\"></span>rom time to tim<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y81e ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">observe a c<span class=\"_ _0\"></span>ombine<span class=\"_ _0\"></span>d ratio abov<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>100 pe<span class=\"_ _0\"></span>rcent. T<span class=\"_ _0\"></span>he latter sit<span class=\"_ _2b\"></span>uation is</div>\n<div class=\"t m0 x1a h4f y1374 ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">tackled in <span class=\"_ _2\"></span>the manageme<span class=\"lse0\">nt of the No<span class=\"_ _2b\"></span>n<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf0\">life ri<span class=\"_ _0\"></span>sks (see po<span class=\"_ _2b\"></span>int E. above). <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y1375 ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1376 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The com<span class=\"_ _0\"></span>bined rat<span class=\"_ _2b\"></span>io and loss rat<span class=\"_ _2b\"></span>io can be found <span class=\"_ _0\"></span>in the n<span class=\"_ _0\"></span>ote 8 Se<span class=\"_ _0\"></span>gment</div>\n<div class=\"t m0 x1a h4f y1377 ff1aa fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reporting.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1378 ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1379 ff1aa fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">G.<span class=\"ls0 ws0\"> <span class=\"_ _c2\"> </span></span><span class=\"ws120\">SENSITIVI<span class=\"_ _0\"></span>TIES O<span class=\"_ _0\"></span>N TECHN<span class=\"_ _0\"></span>ICAL <span class=\"_ _0\"></span>PROVI<span class=\"_ _2b\"></span>SIONS<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y137a ff1aa fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life sensitiv<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span> shown in the tab<span class=\"_ _0\"></span>le below as<span class=\"_ _0\"></span>sume<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">the impact on the pre</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">taxation result <span class=\"_ _2\"></span>considering a decreas<span class=\"_ _2\"></span>e in expenses, <span class=\"_ _2\"></span>as included in <span class=\"_ _2\"></span>the </span></span></span></span></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y137b ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consoli<span class=\"_ _0\"></span>dated inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement, of 1<span class=\"_ _2b\"></span>0%, and an increase in cl<span class=\"_ _2b\"></span>aims cost, as inclu<span class=\"_ _0\"></span>ded in the cons<span class=\"_ _0\"></span>olidat<span class=\"_ _0\"></span>ed income st<span class=\"_ _2b\"></span>atement, of 5<span class=\"ls13b ws136\">%.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y638 ff1aa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 704px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1aa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 689px; z-index: 15;\">Sensitivities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y603 ff1aa fs3c fc1f sc0 lsef ws10a\" style=\"left: 584px; bottom: 718px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">on</span> </span></div>\n<div class=\"t m0 x2b3 h52 y638 ff1aa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 542px; bottom: 704px; z-index: 15;\">pre<span class=\"ls0 ws0\">-</span>taxation<span class=\"ls0 ws0\"> <span class=\"lsef ws10a\">res<span class=\"_ _2\"></span>ult</span> <span class=\"lsec wsfe\">at<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff1aa fs3c fc1f sc0 lse4 wsf3\" style=\"left: 548px; bottom: 689px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y603 ff1aa fs3c fc1f sc0 lsef ws10a\" style=\"left: 756px; bottom: 718px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">on</span> </span></div>\n<div class=\"t m0 x2b3 h52 y638 ff1aa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 714px; bottom: 704px; z-index: 15;\">pre<span class=\"ls0 ws0\">-</span>taxation<span class=\"ls0 ws0\"> <span class=\"lsef ws10a\">res<span class=\"_ _2\"></span>ult</span> <span class=\"lsec wsfe\">at<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff1aa fs3c fc1f sc0 lse4 wsf3\" style=\"left: 720px; bottom: 689px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1aa fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 673px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1aa fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 673px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1aa fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 673px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1aa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 658px; z-index: 15;\">Expenses <span class=\"ls0 ws0\">-</span>10%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff1aa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 658px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff1aa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 658px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1aa fs3c fc14 sc0 lse5 ws10a\" style=\"left: 69px; bottom: 643px; z-index: 15;\">Claims costs 5<span class=\"_ _0\"></span>%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff1aa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 643px; z-index: 15;\">(132)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff1aa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 643px; z-index: 15;\">(126)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1383 ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1384 ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1385 ff1aa fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">H.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lse2 wsfa\">LOSS RESERVE TABLES<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x7 h4f y1386 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The reserv<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>or claims and c<span class=\"_ _0\"></span>laim <span class=\"wsfa\">expe<span class=\"_ _2b\"></span>nses that appe<span class=\"_ _2b\"></span>ar in the </span></div>\n<div class=\"t m0 x7 h4f y1387 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition are a<span class=\"_ _0\"></span>nalysed by t<span class=\"_ _0\"></span>he actuar<span class=\"_ _0\"></span>ies and cla<span class=\"_ _0\"></span>ims</div>\n<div class=\"t m0 x7 h4f y1388 ff1aa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">management de<span class=\"_ _2\"></span>partments by acci<span class=\"_ _2\"></span>dent year. Payments <span class=\"_ _2\"></span>and loss</div>\n<div class=\"t m0 x7 h4f y1389 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reserves<span class=\"_ _0\"></span> are th<span class=\"_ _0\"></span>erefore <span class=\"_ _0\"></span>repres<span class=\"_ _0\"></span>ented in <span class=\"_ _0\"></span>a two tim<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsf0\">relat<span class=\"_ _2b\"></span>ed dimension </span></div>\n<div class=\"t m0 x7 h4f y138a ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">table: <span class=\"_ _0\"></span>accident<span class=\"_ _0\"></span> year (ye<span class=\"_ _2b\"></span>ar of<span class=\"ls0 ws0\"> </span>loss occurre<span class=\"_ _2b\"></span>nce, in the col<span class=\"_ _0\"></span>umns) a<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x7 h4f y138b ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">calenda<span class=\"_ _0\"></span>r year (<span class=\"_ _0\"></span>or devel<span class=\"_ _0\"></span>opment y<span class=\"_ _2b\"></span>ear, in the rows<span class=\"_ _2b\"></span>). This so<span class=\"ls0 ws0\">-</span><span class=\"lse2\">called run<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">off </span></span></span></div>\n<div class=\"t m0 x7 h4f y138c ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">triangl<span class=\"_ _2b\"></span>e shows how los<span class=\"_ _0\"></span>s reserv<span class=\"_ _2b\"></span>e develops ove<span class=\"_ _0\"></span>r time du<span class=\"_ _2b\"></span>e to payments</div>\n<div class=\"t m0 x7 h4f y138d ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">made an<span class=\"_ _0\"></span>d new esti<span class=\"_ _2b\"></span>mates of the ult<span class=\"_ _0\"></span>imate l<span class=\"_ _2b\"></span>oss at the resp<span class=\"_ _2b\"></span>ective date of</div>\n<div class=\"t m0 x7 h4f y138e ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the stat<span class=\"lse0 wsf0\">ement of financ<span class=\"_ _0\"></span>ial posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y138f ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1390 ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">All claims conc<span class=\"_ _2\"></span>erned are resulting from insu<span class=\"_ _2\"></span>rance contracts as defined</div>\n<div class=\"t m0 x1a h4f y1391 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by IFRS, inc<span class=\"_ _2b\"></span>luding all accide<span class=\"_ _0\"></span>nt &amp; health, pr<span class=\"_ _2b\"></span>operty and casualty<span class=\"_ _0\"></span> contrac<span class=\"_ _0\"></span>ts</div>\n<div class=\"t m0 x1a h4f y1392 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">whose re<span class=\"_ _0\"></span>serves c<span class=\"_ _2b\"></span>an be reported <span class=\"_ _0\"></span>in a tria<span class=\"_ _2b\"></span>ngular format.<span class=\"_ _0\"></span> All mat<span class=\"_ _0\"></span>erial</div>\n<div class=\"t m0 x1a h4f y1393 ff1aa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">figures quote<span class=\"lse0 wsf0\">d are undiscount<span class=\"_ _2b\"></span>ed. Claim reserv<span class=\"_ _0\"></span>es that are he<span class=\"_ _0\"></span>ld on a </span></div>\n<div class=\"t m0 x1a h4f y1394 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed basis with s<span class=\"_ _0\"></span>imilar t<span class=\"_ _2b\"></span>o life techniq<span class=\"_ _2b\"></span>ues (e.g. perm<span class=\"_ _0\"></span>anent d<span class=\"_ _0\"></span>isabilit<span class=\"_ _0\"></span>y</div>\n<div class=\"t m0 x1a h4f y1395 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or death an<span class=\"_ _0\"></span>nuities de<span class=\"_ _0\"></span>riving f<span class=\"_ _0\"></span>rom lines suc<span class=\"_ _2b\"></span>h as Workmen\u2019s Com<span class=\"_ _2b\"></span>pensation</div>\n<div class=\"t m0 x1a h4f y1396 ff1aa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or Motor Lia<span class=\"_ _2b\"></span>bility) are inclu<span class=\"_ _0\"></span>ded in the rec<span class=\"_ _2b\"></span>onciliation l<span class=\"ls102 ws11d\">ines.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1397 ff1aa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1398 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">All amo<span class=\"_ _0\"></span>unts in t<span class=\"_ _0\"></span>he tabl<span class=\"_ _0\"></span>e are cal<span class=\"_ _2b\"></span>culated at the <span class=\"_ _0\"></span>applic<span class=\"_ _0\"></span>able exch<span class=\"_ _2b\"></span>ange rates</div>\n<div class=\"t m0 x1a h4f y1399 ff1aa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at year<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">end 2022. </span> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 431px; height: 675px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The loss<span class=\"_ _0\"></span> reserv<span class=\"_ _2b\"></span>e development ta<span class=\"_ _2b\"></span>ble per accid<span class=\"_ _0\"></span>ent year i<span class=\"_ _2b\"></span>s as follows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1065px; z-index: 15;\">Accident Year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 1065px; z-index: 15;\">2013<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 383px; bottom: 1065px; z-index: 15;\">2014<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 432px; bottom: 1065px; z-index: 15;\">2015<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 481px; bottom: 1065px; z-index: 15;\">2016<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 531px; bottom: 1065px; z-index: 15;\">2017<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 580px; bottom: 1065px; z-index: 15;\">2018<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 628px; bottom: 1065px; z-index: 15;\">2019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 678px; bottom: 1065px; z-index: 15;\">2020<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 1065px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1065px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 355px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 403px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 452px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 501px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 600px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 648px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 698px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ad fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Payme<span class=\"_ _2\"></span>nts at:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 355px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 403px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 452px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 501px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 600px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 648px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 698px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">N</div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 341px; bottom: 1020px; z-index: 15;\">969<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 1020px; z-index: 15;\">1,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 438px; bottom: 1020px; z-index: 15;\">954<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 1020px; z-index: 15;\">1,179<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 1020px; z-index: 15;\">1,083<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 578px; bottom: 1020px; z-index: 15;\">1,084<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 1020px; z-index: 15;\">1,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 1020px; z-index: 15;\">1,024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 725px; bottom: 1020px; z-index: 15;\">1,253<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1020px; z-index: 15;\">1,479<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">N + 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 341px; bottom: 1005px; z-index: 15;\">482<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 1005px; z-index: 15;\">472<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 438px; bottom: 1005px; z-index: 15;\">477<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 1005px; z-index: 15;\">465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 537px; bottom: 1005px; z-index: 15;\">475<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 586px; bottom: 1005px; z-index: 15;\">485<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 634px; bottom: 1005px; z-index: 15;\">447<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 684px; bottom: 1005px; z-index: 15;\">400<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 1005px; z-index: 15;\">562<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 990px; z-index: 15;\">N + 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 341px; bottom: 990px; z-index: 15;\">109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 990px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 438px; bottom: 990px; z-index: 15;\">127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 990px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 537px; bottom: 990px; z-index: 15;\">112<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 586px; bottom: 990px; z-index: 15;\">122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 634px; bottom: 990px; z-index: 15;\">122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 684px; bottom: 990px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 975px; z-index: 15;\">N + 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 345px; bottom: 975px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 975px; z-index: 15;\">78<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 442px; bottom: 975px; z-index: 15;\">96<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 975px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 541px; bottom: 975px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 975px; z-index: 15;\">79<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 975px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 960px; z-index: 15;\">N + 4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 345px; bottom: 960px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 960px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 442px; bottom: 960px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 960px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 541px; bottom: 960px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 960px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 945px; z-index: 15;\">N + 5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 345px; bottom: 945px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 945px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 442px; bottom: 945px; z-index: 15;\">45<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 945px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 541px; bottom: 945px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 931px; z-index: 15;\">N + 6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f9 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 345px; bottom: 931px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f9 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 931px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f9 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 442px; bottom: 931px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f9 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 931px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 916px; z-index: 15;\">N + 7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 345px; bottom: 916px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 398px; bottom: 916px; z-index: 15;\">4</div>\n<div class=\"t m0 x11c h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 447px; bottom: 916px; z-index: 15;\">9</div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 901px; z-index: 15;\">N + 8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 901px; z-index: 15;\">8</div>\n<div class=\"t m0 x19f h52 y656 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 901px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 886px; z-index: 15;\">N + 9<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 886px; z-index: 15;\">9</div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f7 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y656 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Cost of claims: (Cumulative Payments +<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 355px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 403px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 452px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 501px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 600px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 648px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 698px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 842px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">Outstanding claims reserves)</span> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 355px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 403px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 452px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 501px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 600px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 648px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 698px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 827px; z-index: 15;\">N</div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 827px; z-index: 15;\">2,021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 827px; z-index: 15;\">2,090<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 827px; z-index: 15;\">1,966<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 827px; z-index: 15;\">2,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 827px; z-index: 15;\">2,146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 578px; bottom: 827px; z-index: 15;\">2,121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 827px; z-index: 15;\">2,169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 827px; z-index: 15;\">1,990<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 725px; bottom: 827px; z-index: 15;\">2,379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 827px; z-index: 15;\">2,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 812px; z-index: 15;\">N + 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 812px; z-index: 15;\">1,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 812px; z-index: 15;\">2,054<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 812px; z-index: 15;\">1,955<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 812px; z-index: 15;\">2,387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 812px; z-index: 15;\">2,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 578px; bottom: 812px; z-index: 15;\">2,166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 812px; z-index: 15;\">2,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 812px; z-index: 15;\">1,936<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 725px; bottom: 812px; z-index: 15;\">2,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 797px; z-index: 15;\">N + 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 797px; z-index: 15;\">1,896<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 797px; z-index: 15;\">2,061<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 797px; z-index: 15;\">2,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 797px; z-index: 15;\">2,290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 797px; z-index: 15;\">2,105<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 578px; bottom: 797px; z-index: 15;\">2,137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 797px; z-index: 15;\">2,147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 797px; z-index: 15;\">1,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 782px; z-index: 15;\">N + 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 782px; z-index: 15;\">1,882<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 782px; z-index: 15;\">2,075<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 782px; z-index: 15;\">1,948<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 782px; z-index: 15;\">2,183<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 782px; z-index: 15;\">2,048<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 578px; bottom: 782px; z-index: 15;\">2,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 782px; z-index: 15;\">2,100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 767px; z-index: 15;\">N + 4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 767px; z-index: 15;\">1,915<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 767px; z-index: 15;\">2,038<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 767px; z-index: 15;\">1,900<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 767px; z-index: 15;\">2,169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 767px; z-index: 15;\">2,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 578px; bottom: 767px; z-index: 15;\">2,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 752px; z-index: 15;\">N + 5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 752px; z-index: 15;\">1,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 752px; z-index: 15;\">1,997<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 752px; z-index: 15;\">1,906<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 752px; z-index: 15;\">2,145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 752px; z-index: 15;\">1,994<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 738px; z-index: 15;\">N + 6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 738px; z-index: 15;\">1,874<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 738px; z-index: 15;\">1,988<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 738px; z-index: 15;\">1,903<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 738px; z-index: 15;\">2,135<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 723px; z-index: 15;\">N + 7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 723px; z-index: 15;\">1,866<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 723px; z-index: 15;\">1,963<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 723px; z-index: 15;\">1,893<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 708px; z-index: 15;\">N + 8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 708px; z-index: 15;\">1,861<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 708px; z-index: 15;\">1,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1ad fs3c fc14 sc0 ls13c ws163\" style=\"left: 69px; bottom: 693px; z-index: 15;\">N + 9<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 693px; z-index: 15;\">1,833<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 663px; z-index: 15;\">Ultimate loss, estimated at <span class=\"_ _0\"></span>initial date<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 333px; bottom: 663px; z-index: 15;\">2,021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 381px; bottom: 663px; z-index: 15;\">2,090<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 430px; bottom: 663px; z-index: 15;\">1,966<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 663px; z-index: 15;\">2,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 663px; z-index: 15;\">2,146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 578px; bottom: 663px; z-index: 15;\">2,121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 626px; bottom: 663px; z-index: 15;\">2,169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 676px; bottom: 663px; z-index: 15;\">1,990<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 725px; bottom: 663px; z-index: 15;\">2,379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 663px; z-index: 15;\">2,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1ad fs3c fc1f sc0 lsec ws100\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Ultim<span class=\"_ _2\"></span>ate loss<span class=\"_ _2\"></span>, estimat<span class=\"_ _2\"></span>ed at prior<span class=\"_ _2\"></span> year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 333px; bottom: 648px; z-index: 15;\">1,861<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 381px; bottom: 648px; z-index: 15;\">1,963<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 430px; bottom: 648px; z-index: 15;\">1,903<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 648px; z-index: 15;\">2,145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 648px; z-index: 15;\">2,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 578px; bottom: 648px; z-index: 15;\">2,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 626px; bottom: 648px; z-index: 15;\">2,147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 676px; bottom: 648px; z-index: 15;\">1,936<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 725px; bottom: 648px; z-index: 15;\">2,379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1ad fs3c fc1f sc0 lsec ws100\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Ultim<span class=\"_ _2\"></span>ate loss<span class=\"_ _2\"></span>, estimat<span class=\"_ _2\"></span>ed at curr<span class=\"_ _2\"></span>ent year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 333px; bottom: 634px; z-index: 15;\">1,833<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 381px; bottom: 634px; z-index: 15;\">1,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 430px; bottom: 634px; z-index: 15;\">1,893<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 634px; z-index: 15;\">2,135<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 634px; z-index: 15;\">1,994<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 578px; bottom: 634px; z-index: 15;\">2,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 626px; bottom: 634px; z-index: 15;\">2,100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 676px; bottom: 634px; z-index: 15;\">1,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 725px; bottom: 634px; z-index: 15;\">2,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 634px; z-index: 15;\">2,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1ad fs3c fc1f sc0 lsec ws100\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Surp<span class=\"_ _2\"></span>lus (defi<span class=\"_ _2\"></span>ciency)<span class=\"_ _2\"></span> current y<span class=\"_ _2\"></span>ear <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 341px; bottom: 603px; z-index: 15;\">188<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 389px; bottom: 603px; z-index: 15;\">115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 442px; bottom: 603px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 603px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 537px; bottom: 603px; z-index: 15;\">152<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 586px; bottom: 603px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 638px; bottom: 603px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 688px; bottom: 603px; z-index: 15;\">89<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 731px; bottom: 603px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> <span class=\"_ _8\"> </span>v<span class=\"lse4 wsf3\">s initial accident year</span> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\">  </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 355px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 403px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 452px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 501px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 600px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 648px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 698px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 573px; z-index: 15;\">Surplus (deficiency) current yea<span class=\"_ _0\"></span>r vs prior year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 345px; bottom: 573px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 573px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 442px; bottom: 573px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 573px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 541px; bottom: 573px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 590px; bottom: 573px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 638px; bottom: 573px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 688px; bottom: 573px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff1ad fs3c fc1f sc0 lse4 wsf4\" style=\"left: 731px; bottom: 573px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Outstanding claims reserves prior to <span class=\"wsf4\">2013<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 543px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 543px; z-index: 15;\">523<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 528px; z-index: 15;\">Outstanding claims reserves from 2013 to 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 528px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 528px; z-index: 15;\">3,311<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Other claims liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 498px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">(not included in table)</span> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y5f4 ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 498px; z-index: 15;\">2,295<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 484px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">Claims with regard to workers' compensation</span> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 469px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">and health care</span> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 355px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 403px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 452px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 600px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 698px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y60e ff1ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y60e ff1ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 469px; z-index: 15;\">1,698<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1ad fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">Total claims reserves in <span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>he statement o<span class=\"_ _2b\"></span>f financial position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 355px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 403px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 452px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 501px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 600px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 648px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff1ad fs3c fc1f sc0 ls0 ws0\" style=\"left: 698px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f9 ff1af fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h54 y5f9 ff1af fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 454px; z-index: 15;\">7,827<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13a8 ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13a9 ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13aa ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The loss<span class=\"_ _0\"></span> reserv<span class=\"_ _2b\"></span>e development ta<span class=\"_ _2b\"></span>ble per accid<span class=\"_ _0\"></span>ent year s<span class=\"_ _2b\"></span>hows the</div>\n<div class=\"t m0 x7 h4f y13ab ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">develop<span class=\"_ _0\"></span>ment of t<span class=\"_ _2b\"></span>he ultimate t<span class=\"_ _0\"></span>otal los<span class=\"_ _0\"></span>s (as pay<span class=\"_ _2b\"></span>ments made an<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y13ac ff1ad fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">outstanding cl<span class=\"_ _2\"></span>aims <span class=\"lse0 wsf0\">rese<span class=\"_ _0\"></span>rves) for e<span class=\"_ _0\"></span>ach indiv<span class=\"_ _0\"></span>idual acc<span class=\"_ _2b\"></span>ident year (as </span></div>\n<div class=\"t m0 x7 h4f y13ad ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">indicat<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e column<span class=\"_ _0\"></span>), for e<span class=\"_ _0\"></span>ach devel<span class=\"_ _2b\"></span>opment year (<span class=\"_ _0\"></span>as indicat<span class=\"_ _2b\"></span>ed in the</div>\n<div class=\"t m0 x7 h4f y13ae ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">row) sinc<span class=\"_ _2b\"></span>e the year of <span class=\"_ _0\"></span>occurre<span class=\"_ _0\"></span>nce thr<span class=\"_ _0\"></span>ough to t<span class=\"_ _2b\"></span>he reporting y<span class=\"_ _0\"></span>ear 202<span class=\"ls0 ws0\">2. </span></div>\n<div class=\"t m0 x7 h4f y13af ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13b0 ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tri<span class=\"_ _0\"></span>angle rel<span class=\"_ _0\"></span>ated t<span class=\"_ _0\"></span>o \u2018Payme<span class=\"_ _0\"></span>nts\u2018 re<span class=\"_ _0\"></span>ports<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">the am<span class=\"_ _0\"></span>ount of clai<span class=\"_ _0\"></span>m payment<span class=\"_ _0\"></span>s </span></div>\n<div class=\"t m0 x7 h4f y13b1 ff1ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">net of re<span class=\"_ _2\"></span>coveries, gross of <span class=\"_ _2\"></span>reinsurance.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13b2 ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13b3 ff1ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The secon<span class=\"_ _0\"></span>d triangl<span class=\"_ _0\"></span>e, \u2018Cost of cl<span class=\"_ _0\"></span>aims\u2019, re<span class=\"_ _0\"></span>ports the su<span class=\"_ _2b\"></span>m of cumulative</div>\n<div class=\"t m0 x7 h4f y13b4 ff1ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span>s and outs<span class=\"_ _0\"></span>tanding cl<span class=\"_ _2b\"></span>aims reserve incl<span class=\"_ _0\"></span>uding IBN<span class=\"_ _2b\"></span>(E)R for each</div>\n<div class=\"t m0 x7 h4f y13b5 ff1ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accident<span class=\"_ _0\"></span> year. This<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>is gross<span class=\"_ _0\"></span> of reins<span class=\"_ _0\"></span>urance. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13b6 ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y13b7 ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse0 wsfa\">he Ultimat<span class=\"_ _0\"></span>e loss li<span class=\"_ _2b\"></span>ne items, esti<span class=\"_ _0\"></span>mated at<span class=\"_ _0\"></span> the initi<span class=\"_ _2b\"></span>al date of occ<span class=\"_ _0\"></span>urrence, </span></div>\n<div class=\"t m0 x1a h4f y13b8 ff1ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at prior rep<span class=\"_ _0\"></span>orting y<span class=\"_ _0\"></span>ear and at curr<span class=\"_ _2b\"></span>ent reporting ye<span class=\"_ _2b\"></span>ar, reflect the fact t<span class=\"_ _0\"></span>hat</div>\n<div class=\"t m0 x1a h4f y13b9 ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the esti<span class=\"_ _2b\"></span>mate fluctuate<span class=\"_ _0\"></span>s with th<span class=\"_ _2b\"></span>e knowledge an<span class=\"_ _2b\"></span>d information <span class=\"_ _0\"></span>gaine<span class=\"_ _0\"></span>d on</div>\n<div class=\"t m0 x1a h4f y13ba ff1ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the claim<span class=\"_ _2\"></span>s. The longer the<span class=\"_ _2\"></span> period of<span class=\"ls0 ws0\"> </span><span class=\"lse0\">development<span class=\"_ _0\"></span> of the c<span class=\"_ _0\"></span>laims, t<span class=\"_ _2b\"></span>he more </span></div>\n<div class=\"t m0 x1a h4f y13bb ff1ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accurat<span class=\"_ _0\"></span>e is the esti<span class=\"_ _0\"></span>mate of the ult<span class=\"_ _0\"></span>imat<span class=\"_ _0\"></span>e loss.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13bc ff1ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y13bd ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The amo<span class=\"_ _0\"></span>unt of tot<span class=\"_ _2b\"></span>al claims res<span class=\"_ _0\"></span>erves in<span class=\"_ _2b\"></span> the statement <span class=\"_ _0\"></span>of fina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>osition</div>\n<div class=\"t m0 x1a h4f y13be ff1ad fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">is furth<span class=\"_ _2b\"></span>er disclosed in <span class=\"_ _0\"></span>sectio<span class=\"_ _0\"></span>n 19.4 Li<span class=\"_ _2b\"></span>abilities aris<span class=\"_ _2b\"></span>ing from Non<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">life </span></span></div>\n<div class=\"t m0 x1a h4f y13bf ff1ad fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">insurance <span class=\"_ _2\"></span><span class=\"lse1 wsf0\">contract<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 207px; height: 899px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ff1b3 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.2.3<span class=\"ls0 ws0\"> <span class=\"_ _211\"> </span><span class=\"ls102 ws115\">Health R<span class=\"_ _2\"></span>isk</span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Health und<span class=\"_ _2b\"></span>erwriting risk r<span class=\"_ _0\"></span>eflects<span class=\"_ _0\"></span> the risk arisi<span class=\"_ _2b\"></span>ng from the underwrit<span class=\"_ _2b\"></span>ing of</div>\n<div class=\"t m0 x7 h4f y804 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">health ins<span class=\"_ _2b\"></span>urance obligat<span class=\"_ _0\"></span>ions, whe<span class=\"_ _0\"></span>ther it is p<span class=\"_ _0\"></span>ursued on a sim<span class=\"_ _2b\"></span>ilar technical</div>\n<div class=\"t m0 x7 h4f y805 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">basis to t<span class=\"_ _2b\"></span>hat of life insu<span class=\"_ _2b\"></span>rance or not, f<span class=\"_ _0\"></span>ollowin<span class=\"_ _0\"></span>g from bo<span class=\"_ _0\"></span>th the p<span class=\"_ _0\"></span>erils</div>\n<div class=\"t m0 x7 h4f y806 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">covered a<span class=\"_ _2b\"></span>nd <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e process<span class=\"_ _0\"></span>es used in th<span class=\"_ _0\"></span>e conduct of bu<span class=\"_ _2b\"></span>siness. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ff1b1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The com<span class=\"_ _0\"></span>ponents <span class=\"_ _0\"></span>of healt<span class=\"_ _0\"></span>h insur<span class=\"_ _0\"></span>ance ri<span class=\"_ _0\"></span>sk are to <span class=\"_ _0\"></span>split d<span class=\"_ _0\"></span>epending <span class=\"_ _0\"></span>on the</div>\n<div class=\"t m0 x7 h4f y809 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">type of <span class=\"_ _2\"></span>liabilities: if si<span class=\"_ _2\"></span>milar to life ri<span class=\"_ _2\"></span>sk or modelled b<span class=\"_ _2\"></span>ased on similar</div>\n<div class=\"t m0 x7 h4f y80a ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">techni<span class=\"_ _0\"></span>ques as for <span class=\"ls102 ws129\">life liabilitie<span class=\"_ _2\"></span>s <span class=\"ls0 ws0\">\u2013 </span></span><span class=\"wsfa\">please r<span class=\"_ _0\"></span>efer to s<span class=\"_ _0\"></span>ectio<span class=\"_ _0\"></span>n 4.7.2.1 <span class=\"_ _0\"></span>Life </span></div>\n<div class=\"t m0 x7 h4f y80b ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">underw<span class=\"_ _0\"></span>riting ris<span class=\"_ _0\"></span>ks. For liab<span class=\"_ _2b\"></span>ilities simila<span class=\"_ _0\"></span>r to Non<span class=\"ls0 ws0\">-</span>life liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es or modell<span class=\"_ _0\"></span>ed</div>\n<div class=\"t m0 x7 h4f y80c ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">on a simi<span class=\"_ _2b\"></span>lar way, please <span class=\"_ _2b\"></span>refer to secti<span class=\"_ _2b\"></span>on 4.7.2.2 No<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-</span><span class=\"lse2\">life un<span class=\"_ _2\"></span>derwriting </span></div>\n<div class=\"t m0 x7 h4f y80d ff1b1 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">risks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y883 ff1b1 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.3<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsfa\">Opera<span class=\"_ _2\"></span>tional risks</span> </span></div>\n<div class=\"t m0 x7 h4f y884 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Operational r<span class=\"_ _2\"></span>isk <span class=\"lse0 wsf0\">is define<span class=\"_ _2b\"></span>d as <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>risk of<span class=\"_ _0\"></span> losses ari<span class=\"_ _0\"></span>sing from i<span class=\"_ _0\"></span>nadequat<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y885 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or failed int<span class=\"_ _2b\"></span>ernal process<span class=\"_ _0\"></span>es, perso<span class=\"_ _0\"></span>nnel, syst<span class=\"_ _0\"></span>ems, or ext<span class=\"_ _0\"></span>ernal ev<span class=\"_ _0\"></span>ents. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y886 ff1b1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y8cf ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas view<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>op<span class=\"_ _0\"></span>eration<span class=\"_ _0\"></span>al risk as an \u2018u<span class=\"_ _2b\"></span>mbrella\u2019 risk, enc<span class=\"_ _2b\"></span>ompassing a</div>\n<div class=\"t m0 x7 h4f y8d0 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">number of s<span class=\"_ _0\"></span>ub<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">risks: Emplo<span class=\"_ _2\"></span>yment Practices a<span class=\"_ _2\"></span>nd Workplace Safe<span class=\"lsfc ws115\">ty<span class=\"_ _2\"></span>, </span></span></span></div>\n<div class=\"t m0 x7 h4f y8d1 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Execution, <span class=\"_ _2\"></span>Delivery and Proces<span class=\"_ _2\"></span>s Management, Technolog<span class=\"_ _2\"></span>y, Internal</div>\n<div class=\"t m0 x7 h4f y8d2 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fraud, Ext<span class=\"_ _2b\"></span>ernal Fraud, Dam<span class=\"_ _2b\"></span>age to Physical Ass<span class=\"_ _0\"></span>ets (incl<span class=\"_ _0\"></span>uding phys<span class=\"_ _2b\"></span>ical</div>\n<div class=\"t m0 x7 h4f y8d3 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">security), C<span class=\"_ _2\"></span>lients, Products<span class=\"_ _2\"></span> Business &amp; Legal<span class=\"_ _2\"></span> Practice, Conduct,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f yb28 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Regulat<span class=\"_ _2b\"></span>ory Compliance, T<span class=\"_ _2b\"></span>hird Party, Statut<span class=\"_ _0\"></span>ory Report<span class=\"_ _2b\"></span>i<span class=\"lse2 wsfa\">ng, <span class=\"_ _2\"></span>Disclosure &amp; </span></div>\n<div class=\"t m0 x7 h4f yb29 ff1b1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Tax, Business Conti<span class=\"_ _2\"></span>nuity, Crisis Managemen<span class=\"_ _2\"></span>t &amp; Operational Resilience<span class=\"_ _2\"></span>,</div>\n<div class=\"t m0 x7 h4f yb2a ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Data Ma<span class=\"_ _0\"></span>nagement<span class=\"_ _0\"></span>, Infor<span class=\"_ _2b\"></span>mation Securi<span class=\"_ _0\"></span>ty (incl<span class=\"_ _0\"></span>uding Cy<span class=\"_ _2b\"></span>ber), and Model</div>\n<div class=\"t m0 x7 h4f yb2b ff1b1 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">risk. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yb2c ff1b1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yb2d ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In order<span class=\"_ _2\"></span> to ensure adequa<span class=\"_ _2\"></span>te management of o<span class=\"_ _2\"></span>perational risks, <span class=\"_ _2\"></span>Ageas</div>\n<div class=\"t m0 x7 h4f y962 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has impl<span class=\"_ _2b\"></span>emented <span class=\"lse2 wsf1\">Group<span class=\"ls0 ws0\">-</span></span><span class=\"wsf0\">wide policie<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>and pr<span class=\"_ _2b\"></span>ocesses, which <span class=\"lsfb wsfa\">covers </span></span></div>\n<div class=\"t m0 x7 h4f y963 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">topics,<span class=\"_ _0\"></span> amongst<span class=\"_ _0\"></span> others,<span class=\"_ _0\"></span> that <span class=\"wsef\">inc<span class=\"_ _2b\"></span>lude: <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y964 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse0 wsf0\">Business Conti<span class=\"_ _2b\"></span>nuity Management<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y965 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse2 wsfa\">F<span class=\"_ _2\"></span>raud Risk Managemen<span class=\"_ _2\"></span>t</span><span class=\"ff1b1\">. </span></span></div>\n<div class=\"t m0 x7 h4f y966 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse0 wsfa\">Information S<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>y<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y967 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse2 wsfa\">D<span class=\"_ _2\"></span>ata Mana<span class=\"wsf1\">gement</span></span><span class=\"ff1b1\">. </span></span></div>\n<div class=\"t m0 x7 h4f y968 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse0 wsef\">Outsourcing</span><span class=\"ff1b1\"> <span class=\"lse0 wsf0\">&amp; Pro<span class=\"_ _0\"></span>curement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y969 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse0 wsfa\">Treat Your Cus<span class=\"_ _0\"></span>tomer F<span class=\"_ _0\"></span>airly<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y96a ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse0 wsfa\">Incident Mana<span class=\"_ _0\"></span>gement<span class=\"_ _0\"></span> and Los<span class=\"_ _0\"></span>s Data <span class=\"_ _0\"></span>Collect<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">.  </span></span></span></div>\n<div class=\"t m0 x7 h4f y96b ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse2 wsfa\">In<span class=\"_ _2\"></span>ternal Control Ade<span class=\"_ _2\"></span>quacy Assessment</span><span class=\"ff1b1\">. </span></span></div>\n<div class=\"t m0 x7 h4f y96c ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b1 lse0 wsf0\">Key Risk Identif<span class=\"_ _0\"></span>ication an<span class=\"_ _2b\"></span>d Reporting proc<span class=\"_ _0\"></span>ess.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y96d ff1b1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y96e ff1b1 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">oper<span class=\"_ _2b\"></span>ational risk mit<span class=\"_ _0\"></span>igating st<span class=\"_ _0\"></span>rategy is t<span class=\"_ _0\"></span>o minimise <span class=\"lse2 wsf1\">operational </span></span></span></div>\n<div class=\"t m0 x7 h4f y96f ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">failures<span class=\"_ _0\"></span> or dis<span class=\"_ _0\"></span>ruptio<span class=\"_ _0\"></span>n, wheth<span class=\"_ _0\"></span>er caus<span class=\"_ _2b\"></span>ed by internal o<span class=\"_ _0\"></span>r externa<span class=\"_ _0\"></span>l factor<span class=\"_ _2b\"></span>s</div>\n<div class=\"t m0 x7 h4f y970 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">which may<span class=\"_ _2\"></span> damage our reputation<span class=\"_ _2\"></span> and/or incur <span class=\"_ _2\"></span>financial losses v<span class=\"_ _2\"></span>ia a</div>\n<div class=\"t m0 x7 h4f y971 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">strong a<span class=\"_ _0\"></span>nd robust I<span class=\"_ _0\"></span>nternal Co<span class=\"_ _2b\"></span>ntrol System (ICS<span class=\"_ _0\"></span>). <span class=\"lse2 ws103\">Risk awareness </span></div>\n<div class=\"t m0 x7 h4f y972 ff1b1 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">trainin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span><span class=\"wsf0\">and educ<span class=\"_ _2b\"></span>ation initiativ<span class=\"_ _2b\"></span>es are part of Ageas ent<span class=\"_ _2b\"></span>ities\u2019 activit<span class=\"_ _0\"></span>ies </span></div>\n<div class=\"t m0 x7 h4f y973 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">since they<span class=\"_ _0\"></span> are vital to ens<span class=\"_ _2b\"></span>ure that employe<span class=\"_ _0\"></span>es have an ade<span class=\"_ _0\"></span>quate</div>\n<div class=\"t m0 x1a h4f y8d8 ff1b1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">understanding<span class=\"_ _2\"></span> of their roles and responsib<span class=\"_ _2\"></span>ilities towards risk</div>\n<div class=\"t m0 x1a h4f y8d9 ff1b1 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">management.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9bc ff1b1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9bd ff1b1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas applie<span class=\"_ _2\"></span>s the standard formula to calcula<span class=\"_ _2\"></span>te operational risk capit<span class=\"_ _2\"></span>al<span class=\"lsf4 ws10c\">. </span></div>\n<div class=\"t m0 x1a h4f y9be ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas has als<span class=\"_ _2b\"></span>o implemented a <span class=\"lse2 wsf1\">scenario<span class=\"ls0 ws0\">-</span><span class=\"ws103\">based approa<span class=\"_ _2\"></span>ch </span></span>whi<span class=\"_ _0\"></span>ch uses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y9bf ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">expert judge<span class=\"_ _2\"></span>ment<span class=\"ls0 ws0\">, </span>internal<span class=\"_ _2\"></span> and external da<span class=\"_ _2\"></span>ta. The estimated <span class=\"_ _2\"></span>frequency</div>\n<div class=\"t m0 x1a h4f y9c0 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and seve<span class=\"_ _2b\"></span>rity are tr<span class=\"wsf0\">ansl<span class=\"_ _0\"></span>ated into th<span class=\"_ _2b\"></span>e most likely pote<span class=\"_ _0\"></span>ntial loss a<span class=\"_ _0\"></span>nd the </span></div>\n<div class=\"t m0 x1a h4f y9c1 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">worst cas<span class=\"_ _0\"></span>e potenti<span class=\"_ _2b\"></span>al loss for each operat<span class=\"_ _2b\"></span>ional risk scenar<span class=\"_ _0\"></span>io. The</div>\n<div class=\"t m0 x1a h4f y97e ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">scenari<span class=\"_ _2b\"></span>o outputs are us<span class=\"_ _0\"></span>ed to det<span class=\"_ _2b\"></span>ermine wheth<span class=\"_ _0\"></span>er or not<span class=\"_ _0\"></span> the<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">operational </span></span></div>\n<div class=\"t m0 x1a h4f y97f ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">risk cap<span class=\"_ _0\"></span>ital bas<span class=\"_ _2b\"></span>ed on standard f<span class=\"_ _2b\"></span>ormula is suffic<span class=\"_ _2b\"></span>ient to cover o<span class=\"_ _0\"></span>ur k<span class=\"lse1 wsf0\">ey </span></div>\n<div class=\"t m0 x1a h4f y980 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">operational r<span class=\"_ _2\"></span>isks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ycb4 ff1b1 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.4<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsfa\">Strategic &amp; B<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s risks<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f ycb5 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This risk c<span class=\"_ _0\"></span>ategory<span class=\"_ _0\"></span> covers ext<span class=\"_ _2b\"></span>ernal and intern<span class=\"_ _0\"></span>al factors t<span class=\"_ _0\"></span>hat can imp<span class=\"_ _0\"></span>act</div>\n<div class=\"t m0 x1a h4f ycb6 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas\u2019s abil<span class=\"_ _2\"></span>ity to meet it<span class=\"_ _2\"></span>s current business <span class=\"_ _2\"></span>plan and obje<span class=\"_ _2\"></span>ctives and also</div>\n<div class=\"t m0 x1a h4f ycb7 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to positio<span class=\"_ _2b\"></span>n itself for achiev<span class=\"_ _0\"></span>ing ongo<span class=\"_ _0\"></span>ing growth a<span class=\"_ _0\"></span>nd value c<span class=\"_ _0\"></span>reation.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y985 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Two of the top st<span class=\"_ _0\"></span>rategic<span class=\"_ _0\"></span> and busin<span class=\"_ _0\"></span>ess risks<span class=\"_ _0\"></span> faced by Ag<span class=\"_ _0\"></span>eas Group in</div>\n<div class=\"t m0 x1a h4f y986 ff1b1 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2022 were<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">Inte<span class=\"_ _0\"></span>rest Rate R<span class=\"_ _0\"></span>isk <span class=\"lse2 ws103\">and higher inflation<span class=\"_ _2\"></span> risk. </span><span class=\"wsfa\">Furth<span class=\"_ _2b\"></span>er details </span></span></div>\n<div class=\"t m0 x1a h4f y987 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are provi<span class=\"_ _0\"></span>ded in sect<span class=\"_ _0\"></span>ion 4.6.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y8b7 ff1b3 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.4.1 <span class=\"ls0 ws0\"> <span class=\"_\"> </span><span class=\"lse1 ws104\">S<span class=\"_ _2\"></span>trategic r<span class=\"_ _0\"></span>isk <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y8b8 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Risks to <span class=\"_ _2\"></span>the organisation a<span class=\"_ _2\"></span>rising from unclea<span class=\"_ _2\"></span>r u<span class=\"ws103\">nderstanding and </span></div>\n<div class=\"t m0 x1a h4f y13c5 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ation of t<span class=\"_ _0\"></span>he strat<span class=\"_ _0\"></span>egy, in<span class=\"_ _0\"></span>adequat<span class=\"_ _2b\"></span>ely determin<span class=\"_ _0\"></span>ed level<span class=\"_ _0\"></span>s of unce<span class=\"_ _0\"></span>rtainty</div>\n<div class=\"t m0 x1a h4f y13c6 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(risk) as<span class=\"_ _0\"></span>sociat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he strat<span class=\"_ _0\"></span>egy, and/<span class=\"_ _2b\"></span>or challenges f<span class=\"_ _2b\"></span>aced during</div>\n<div class=\"t m0 x1a h4f y13c7 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">impleme<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n stages<span class=\"_ _0\"></span>. It inc<span class=\"_ _0\"></span>ludes:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13c8 ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b3 lse2 wsfa\">Bu<span class=\"_ _2\"></span>siness Model Risk:</span><span class=\"ff1b1\"> <span class=\"_ _2\"></span><span class=\"lse2 ws103\">risk to the organisa<span class=\"_ _2\"></span>tion arising from our</span> </span></span></div>\n<div class=\"t m0 x25a h4f y13c9 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business mode<span class=\"_ _2\"></span>l (and that has<span class=\"_ _2\"></span> an influence on <span class=\"_ _2\"></span>the business</div>\n<div class=\"t m0 x25a h4f y13ca ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">decisions <span class=\"_ _2\"></span>that we make).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13cb ff1b4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1b5\"> <span class=\"_ _46\"> </span><span class=\"ff1b3 lse2 ws103\">Pa<span class=\"_ _2\"></span>rtnership Risk:</span><span class=\"ff1b1\"> <span class=\"lse2 ws103\">ris<span class=\"_ _2\"></span>k to the organisation<span class=\"_ _2\"></span> arising from partnerships, </span></span></span></div>\n<div class=\"t m0 x25a h4f y13cc ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">dependence o<span class=\"_ _2\"></span>n partner<span class=\"ls0 ws0\">-</span><span class=\"ws103\">related di<span class=\"_ _2\"></span>stribution channels,<span class=\"_ _2\"></span> limited </span></div>\n<div class=\"t m0 x25a h4f y13cd ff1b1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">operational con<span class=\"_ _2\"></span>trol inherent for joint vent<span class=\"_ _2\"></span>ures, the offering of</div>\n<div class=\"t m0 x25a h4f y13ce ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce servic<span class=\"_ _2b\"></span>es as part of a broader \u2018pa<span class=\"_ _0\"></span>rtnersh<span class=\"_ _2b\"></span>ip eco<span class=\"ls0 ws0\">-</span><span class=\"lse1\">system\u2019 </span></div>\n<div class=\"t m0 x25a h4f y13cf ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(e.g. coupli<span class=\"_ _2\"></span>ng insurance produ<span class=\"_ _2\"></span>cts with service<span class=\"_ _2\"></span> providers such as<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x25a h4f y13d0 ff1b1 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Amazon,<span class=\"_ _0\"></span> utility<span class=\"_ _0\"></span> playe<span class=\"_ _2b\"></span>rs in the connec<span class=\"_ _0\"></span>ted hom<span class=\"_ _0\"></span>e space\u2026<span class=\"_ _2b\"></span>).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yf75 ff1b1 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yf76 ff1b1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas Group has a s<span class=\"_ _2\"></span>trong strategic risk manage<span class=\"_ _2\"></span>ment framework to</div>\n<div class=\"t m0 x1a h4f y998 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">anticip<span class=\"_ _0\"></span>ate, repo<span class=\"_ _2b\"></span>rt <span class=\"_ _2\"></span>on, an<span class=\"_ _2b\"></span>d mitigate these ris<span class=\"_ _0\"></span>ks.<span class=\"ls0 ws0\"> </span>The ORS<span class=\"_ _0\"></span>A report</div>\n<div class=\"t m0 x1a h4f y999 ff1b1 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provide<span class=\"_ _0\"></span>s an assess<span class=\"_ _0\"></span>ment on the ov<span class=\"_ _0\"></span>erall ad<span class=\"_ _0\"></span>equacy of so<span class=\"_ _2b\"></span>lvency for the 3</div>\n<div class=\"t m0 x1a h4f y99a ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">year budge<span class=\"_ _2\"></span>ted period (Multi<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"ws103\">Year Budget or MYB), which compr<span class=\"_ _2\"></span>ises </span></div>\n<div class=\"t m0 x1a h4f y99b ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">strategic r<span class=\"_ _2\"></span>isks.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y13d1 ff1b3 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.4.2 <span class=\"ls0 ws0\"> <span class=\"_\"> </span><span class=\"lse2 wsfa\">C<span class=\"_ _2\"></span>hange risk </span> </span></div>\n<div class=\"t m0 x1a h4f y13d2 ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Risks to <span class=\"_ _2\"></span>the organisation a<span class=\"_ _2\"></span>rising from managin<span class=\"_ _2\"></span>g change (e.g.</div>\n<div class=\"t m0 x1a h4f y13d3 ff1b1 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">programmes and pr<span class=\"_ _2\"></span>ojects) or an inability to adap<span class=\"_ _2\"></span>t sufficiently quickly to<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd1e ff1b1 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">industry and<span class=\"_ _2\"></span> market changes (e<span class=\"_ _2\"></span>.g. regulations an<span class=\"_ _2\"></span>d products). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 377px; height: 729px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ff1b8 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.4.3 <span class=\"ls0 ws0\"> <span class=\"_\"> </span><span class=\"lse1 ws11d\">In<span class=\"_ _2\"></span>dustry risk </span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Risks arising<span class=\"_ _2\"></span> from internal and/or external<span class=\"_ _2\"></span> environmental factors, su<span class=\"_ _2\"></span>ch</div>\n<div class=\"t m0 x7 h4f y804 ff1b6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">as:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsf1\">M<span class=\"_ _2\"></span>acro</span><span class=\"ff1b6\">-<span class=\"lse0 wsf0\">econom<span class=\"_ _0\"></span>ic arisin<span class=\"_ _0\"></span>g from econom<span class=\"_ _2b\"></span>ic factors (e.g. inf<span class=\"_ _2b\"></span>lation, </span></span></span></div>\n<div class=\"t m0 x43 h4f y806 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deflati<span class=\"_ _0\"></span>on, unemp<span class=\"_ _2b\"></span>loyment, chang<span class=\"_ _0\"></span>ing consu<span class=\"_ _2b\"></span>mer confidenc<span class=\"_ _0\"></span>e /</div>\n<div class=\"t m0 x43 h4f y807 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">behavio<span class=\"_ _0\"></span>ur\u2026) th<span class=\"_ _0\"></span>at can im<span class=\"_ _0\"></span>pact th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss. Inte<span class=\"_ _0\"></span>rest r<span class=\"_ _0\"></span>ates / Inf<span class=\"_ _0\"></span>lation /<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x43 h4f y808 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deflati<span class=\"_ _0\"></span>on can also m<span class=\"_ _0\"></span>aterial<span class=\"_ _0\"></span>ise thro<span class=\"_ _0\"></span>ugh financ<span class=\"_ _0\"></span>ial and/or i<span class=\"_ _2b\"></span>nsurance</div>\n<div class=\"t m0 x43 h4f y809 ff1b6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">risks. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse0 wsfa\">Geopolitical t<span class=\"_ _2b\"></span>hat may impact<span class=\"_ _0\"></span> our abil<span class=\"_ _0\"></span>ity to m<span class=\"_ _0\"></span>aintai<span class=\"_ _0\"></span>n / develo<span class=\"_ _2b\"></span>p </span></span></div>\n<div class=\"t m0 x43 h4f y80b ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> in differ<span class=\"_ _0\"></span>ent count<span class=\"_ _0\"></span>ries wher<span class=\"_ _2b\"></span>e we operate / intend<span class=\"_ _0\"></span> to operate; <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80c ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsfa\">Pr<span class=\"_ _2\"></span>opensity / Changing<span class=\"_ _2\"></span> client behaviour<span class=\"_ _2\"></span>s</span><span class=\"ff1b6\">; </span></span></div>\n<div class=\"t m0 x7 h4f y80d ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsfa\">In<span class=\"_ _2\"></span>novation from inte<span class=\"_ _2\"></span>rnal (own insurance<span class=\"_ _2\"></span> services &amp; produ<span class=\"_ _2\"></span>cts </span></span></div>\n<div class=\"t m0 x43 h4f y80e ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">launche<span class=\"_ _0\"></span>d\u2026) and ex<span class=\"_ _0\"></span>ternal (e.<span class=\"_ _2b\"></span>g. blockchain, s<span class=\"_ _0\"></span>elf<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">driving cars\u2026) </span></span></div>\n<div class=\"t m0 x43 h4f y80f ff1b6 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">factors;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13d4 ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 ws103\">C<span class=\"_ _2\"></span>ompetition risks arisin<span class=\"_ _2\"></span>g from changes within the compet<span class=\"_ _2\"></span>itor </span></span></div>\n<div class=\"t m0 x43 h4f y13d5 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">landsca<span class=\"_ _2b\"></span>pe or market positio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y13d6 ff1b8 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.4.4 <span class=\"ls0 ws0\"> <span class=\"_\"> </span><span class=\"lse1 ws11d\">S<span class=\"_ _2\"></span>ystemic risk </span> </span></div>\n<div class=\"t m0 x7 h4f y13d7 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The risk<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">of disruption to finan<span class=\"_ _2\"></span>cial services organisation<span class=\"_ _2\"></span>s that has the </span></span></div>\n<div class=\"t m0 x7 h4f y13d8 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">potenti<span class=\"_ _0\"></span>al to hav<span class=\"_ _2b\"></span>e serious cons<span class=\"_ _0\"></span>equences<span class=\"_ _0\"></span> for th<span class=\"_ _0\"></span>e financi<span class=\"_ _2b\"></span>al system and/<span class=\"_ _2b\"></span>or <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13d9 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the real<span class=\"_ _2\"></span> economy. Systemic ri<span class=\"_ _2\"></span>sk events can orig<span class=\"_ _2\"></span>inate in, propaga<span class=\"_ _2\"></span>te</div>\n<div class=\"t m0 x7 h4f y13da ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">through, or rem<span class=\"_ _2\"></span>ain outside of Ageas.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y13db ff1b8 fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.4.5 <span class=\"ls0 ws0\"> <span class=\"_\"> </span></span>Sustain<span class=\"lse1 ws11d\">ability risk <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y13dc ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A sustain<span class=\"_ _0\"></span>ability r<span class=\"_ _0\"></span>isk is an unc<span class=\"_ _0\"></span>ertain en<span class=\"_ _0\"></span>vironme<span class=\"_ _0\"></span>ntal, soc<span class=\"_ _0\"></span>ial or gove<span class=\"_ _0\"></span>rnance</div>\n<div class=\"t m0 x7 h4f y13dd ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(ESG) ev<span class=\"_ _0\"></span>ent that, if<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>it occ<span class=\"_ _0\"></span>urs, can cau<span class=\"_ _2b\"></span>se a <span class=\"_ _2\"></span>sig<span class=\"_ _0\"></span>nifica<span class=\"_ _0\"></span>nt negativ<span class=\"_ _0\"></span>e impact on</div>\n<div class=\"t m0 x7 h4f y13de ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas. It include<span class=\"_ _2\"></span>s the opportunities tha<span class=\"_ _2\"></span>t may be available to Ageas</div>\n<div class=\"t m0 x7 h4f y13df ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because of<span class=\"_ _0\"></span> changi<span class=\"_ _0\"></span>ng envir<span class=\"lse2 ws103\">onmental or social factors. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y13e0 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13e1 ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Environmental<span class=\"_ _2\"></span> relates to the quality and<span class=\"_ _2\"></span> functioning of the natural</div>\n<div class=\"t m0 x7 h4f y13e2 ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">environment<span class=\"_ _2\"></span> and natural systems, and our p<span class=\"_ _2\"></span>ositive contribution towar<span class=\"_ _2\"></span>ds</div>\n<div class=\"t m0 x7 h4f y13e3 ff1b6 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">it.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13e4 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13e5 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Social r<span class=\"_ _0\"></span>elates t<span class=\"_ _2b\"></span>o the rights, w<span class=\"_ _2b\"></span>ell<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse2\">being and interest<span class=\"_ _2\"></span>s of people and<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y13e6 ff1b6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">communities. <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13e7 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13e8 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Governance re<span class=\"_ _2\"></span>lates to element<span class=\"_ _2\"></span>s such as Board <span class=\"_ _2\"></span>structure, size,</div>\n<div class=\"t m0 x7 h4f y13e9 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Executive pa<span class=\"_ _2\"></span>y, shareholder righ<span class=\"_ _2\"></span>ts, stakeholder i<span class=\"_ _2\"></span>nteraction\u2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y13ea ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13eb ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The impac<span class=\"_ _0\"></span>ts of ESG risk<span class=\"_ _0\"></span>s are consi<span class=\"_ _0\"></span>dered &amp; rep<span class=\"_ _0\"></span>orted alon<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>two <span class=\"wsef\">ax<span class=\"_ _2b\"></span>es<span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y13ec ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse0 wsfa\">Physical Risk<span class=\"_ _0\"></span> (risks<span class=\"_ _0\"></span> that aris<span class=\"_ _2b\"></span>e from the phys<span class=\"_ _0\"></span>ical eff<span class=\"_ _0\"></span>ects of<span class=\"_ _0\"></span> climate </span></span></div>\n<div class=\"t m0 x43 h4f y13ed ff1b6 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">change) <span class=\"ls0 ws0\">\u2013<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">assess t<span class=\"_ _0\"></span>he impact o<span class=\"_ _0\"></span>n the busines<span class=\"_ _0\"></span>s due to phy<span class=\"_ _0\"></span>sical risk<span class=\"_ _0\"></span>s </span></span></div>\n<div class=\"t m0 x43 h4f y13ee ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">material<span class=\"_ _2b\"></span>ising (e.g. damag<span class=\"_ _0\"></span>e to real est<span class=\"_ _0\"></span>ate portfo<span class=\"_ _2b\"></span>lio, people well<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">being </span></span></div>\n<div class=\"t m0 x43 h4f y13ef ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">due to p<span class=\"_ _2\"></span>rolonged confinements <span class=\"_ _2\"></span>/ rapid changes i<span class=\"_ _2\"></span>n w<span class=\"lse0\">ork c<span class=\"_ _0\"></span>ulture, </span></div>\n<div class=\"t m0 x43 h4f y13f0 ff1b6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">techno<span class=\"_ _0\"></span>logy\u2026). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a4 ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse0 wsf0\">Transition risk<span class=\"_ _0\"></span> <span class=\"ls0 ws0\">\u2013 <span class=\"_ _2\"></span></span>(r<span class=\"_ _0\"></span>isks that a<span class=\"_ _0\"></span>rise from t<span class=\"_ _0\"></span>he transit<span class=\"_ _0\"></span>ion to a low<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">carbon </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y8a5 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and clim<span class=\"_ _2b\"></span>ate<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">resilient econ<span class=\"_ _0\"></span>omy) <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsfa\">assess th<span class=\"_ _0\"></span>e impact<span class=\"_ _0\"></span> on the b<span class=\"_ _0\"></span>usiness<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x25a h4f y8a6 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">due to t<span class=\"_ _0\"></span>he transit<span class=\"_ _2b\"></span>ion measures t<span class=\"_ _2b\"></span>aken / being d<span class=\"_ _2b\"></span>eployed towar<span class=\"_ _0\"></span>ds an</div>\n<div class=\"t m0 x25a h4f yc95 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">ESG supported<span class=\"_ _2\"></span> economy.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a8 ff1b6 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">4<span class=\"lsf4 ws10c\">.7.5</span> <span class=\"_ _1af\"> </span><span class=\"lse2 wsf1\">Reinsurance</span> </div>\n<div class=\"t m0 x1a h4f y8a9 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Where appropr<span class=\"_ _2\"></span>iate, Ageas\u2019s insura<span class=\"_ _2\"></span>nce companies en<span class=\"_ _2\"></span>ter into reinsurance</div>\n<div class=\"t m0 x1a h4f y8aa ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts to<span class=\"_ _2\"></span> limit their exposure to underw<span class=\"_ _2\"></span>riting losses. This reinsuran<span class=\"_ _2\"></span>ce</div>\n<div class=\"t m0 x1a h4f y8ab ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">may be o<span class=\"_ _2\"></span>n a policy<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">by<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">polic<span class=\"_ _0\"></span>y basis (p<span class=\"_ _0\"></span>er risk), or o<span class=\"_ _0\"></span>n a portfol<span class=\"_ _0\"></span>io basis (pe<span class=\"_ _0\"></span>r </span></span></span></div>\n<div class=\"t m0 x1a h4f y8ac ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event). T<span class=\"_ _0\"></span>he <span class=\"lse2 ws103\">latter events<span class=\"_ _2\"></span> are mostly weather related (e<span class=\"_ _2\"></span>.g. hurricanes, </span></div>\n<div class=\"t m0 x1a h4f y8ad ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">earthqu<span class=\"_ _0\"></span>akes and fl<span class=\"_ _0\"></span>oods) or ma<span class=\"_ _2b\"></span>n<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">made,<span class=\"_ _0\"></span> multipl<span class=\"_ _2b\"></span>e claims trig<span class=\"_ _0\"></span>gered by<span class=\"_ _0\"></span> a </span></div>\n<div class=\"t m0 x1a h4f y8ae ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">single e<span class=\"_ _2\"></span>vent. Reinsurance compan<span class=\"_ _2\"></span>ies are selected ba<span class=\"_ _2\"></span>sed primarily on<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y8af ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pricing a<span class=\"_ _0\"></span>nd count<span class=\"_ _0\"></span>erparty def<span class=\"_ _2b\"></span>ault risk consid<span class=\"_ _0\"></span>erations<span class=\"_ _0\"></span>. The man<span class=\"lse2 wsfa\">agement of </span></div>\n<div class=\"t m0 x1a h4f y8b0 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">counterparty<span class=\"_ _2\"></span> default risk i<span class=\"_ _2\"></span>s integrated into <span class=\"_ _2\"></span>the overall manage<span class=\"_ _2\"></span>ment of</div>\n<div class=\"t m0 x1a h4f y8b1 ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">credit ri<span class=\"_ _2\"></span>sk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8b2 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8b3 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2018, Ag<span class=\"_ _0\"></span>eas obtai<span class=\"_ _2b\"></span>ned a life and non<span class=\"ls0 ws0\">-</span>life lic<span class=\"_ _0\"></span>ence for <span class=\"ls0 ws0\">A<span class=\"ls107 ws11c\">geas<span class=\"_ _0\"></span> SA/NV in </span></span></div>\n<div class=\"t m0 x1a h4f y8b4 ff1b6 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Belgium.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8b5 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y8b6 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The rati<span class=\"_ _0\"></span>onale of ob<span class=\"_ _0\"></span>taining a lic<span class=\"_ _2b\"></span>ence for <span class=\"ls0 ws0\">A<span class=\"lse2 wsfa\">geas<span class=\"_ _2\"></span> SA/NV was to o<span class=\"_ _2\"></span>ptimise </span></span></div>\n<div class=\"t m0 x1a h4f y8b7 ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Ageas <span class=\"wsfa\">Group <span class=\"_ _2\"></span>reinsurance program<span class=\"_ _2\"></span>me by harmonising<span class=\"_ _2\"></span> risk profiles </span></div>\n<div class=\"t m0 x1a h4f y8b8 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">among co<span class=\"_ _0\"></span>ntrolle<span class=\"_ _2b\"></span>d limits/entit<span class=\"_ _0\"></span>ies and t<span class=\"_ _2b\"></span>o improve capit<span class=\"_ _2b\"></span>al fungibilit<span class=\"_ _2b\"></span>y.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13c5 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y13c6 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The comp<span class=\"_ _0\"></span>anies wit<span class=\"_ _0\"></span>hin the scop<span class=\"_ _0\"></span>e of internal<span class=\"_ _0\"></span> reinsu<span class=\"_ _0\"></span>rance are:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13c7 ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse0 wsf0\">AG Insurance, Be<span class=\"_ _0\"></span>lgium;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y13c8 ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse0 wsf0\">Ageas Insuranc<span class=\"_ _0\"></span>e Limited,<span class=\"_ _0\"></span> UK;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y13c9 ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse0 wsf0\">Ageas Ocidental V<span class=\"_ _2b\"></span><span class=\"lse2 ws103\">id<span class=\"_ _2\"></span>a, Portugal; <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y13ca ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsfa\">Ag<span class=\"_ _2\"></span>eas Seguros Non</span><span class=\"ff1b6\">-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">Life, Portugal;</span> </span></span></div>\n<div class=\"t m0 x1a h4f y13cb ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsfa\">M<span class=\"_ _2\"></span>edis, Portugal;</span><span class=\"ff1b6\"> </span></span></div>\n<div class=\"t m0 x1a h4f y13cc ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsfa\">Ag<span class=\"_ _2\"></span>eas France;</span><span class=\"ff1b6\"> </span></span></div>\n<div class=\"t m0 x1a h4f y13cd ff1b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1ba\"> <span class=\"_ _46\"> </span><span class=\"ff1b6 lse2 wsfa\">Sp<span class=\"_ _2\"></span>ecific NCPs (non</span><span class=\"ff1b6\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">cont<span class=\"_ _0\"></span>rolled pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _0\"></span>ions), e.<span class=\"_ _2b\"></span>g. <span class=\"_ _2\"></span>Ch<span class=\"_ _0\"></span>ina, Thai<span class=\"_ _0\"></span>land, </span></span></span></div>\n<div class=\"t m0 x25a h4f y13ce ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Malays<span class=\"_ _0\"></span>ia, T\u00fcrkiy<span class=\"_ _2b\"></span>e and India.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13cf ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y13d0 ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">As of Jan 1st 2023, <span class=\"ls0 ws0\">A<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">geas S<span class=\"_ _0\"></span>A/NV has <span class=\"lse1\">start<span class=\"lse2 wsf1\">ed<span class=\"ls0 ws0\"> </span><span class=\"ws103\">underwriting non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>life third </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f yf75 ff1b6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">part<span class=\"lse2 ws103\">y business under the brand name<span class=\"_ _2\"></span> \u201cAgeas Re\u201d.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f yf76 ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y998 ff1b6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In line w<span class=\"_ _0\"></span>ith its R<span class=\"_ _0\"></span>isk App<span class=\"_ _0\"></span>etite, <span class=\"ls0 ws0\">A</span><span class=\"lse2\">geas SA/NV mitigate<span class=\"_ _2\"></span>s part of its ri<span class=\"_ _2\"></span>sk on </span></div>\n<div class=\"t m0 x1a h4f y999 ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the assum<span class=\"_ _2b\"></span>ed business throu<span class=\"_ _0\"></span>gh the acquis<span class=\"_ _2b\"></span>ition of group retr<span class=\"_ _0\"></span>ocessi<span class=\"_ _0\"></span>on</div>\n<div class=\"t m0 x1a h4f y99a ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">covers an<span class=\"_ _0\"></span>d/or cove<span class=\"_ _0\"></span>rs protect<span class=\"_ _2b\"></span>ing its own balance sh<span class=\"_ _2b\"></span>eet. <span class=\"ls0 ws0\">A</span>geas SA/NV</div>\n<div class=\"t m0 x1a h4f y99b ff1b6 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">als<span class=\"lse2 ws103\">o underwrites proport<span class=\"_ _2\"></span>ional treaties, covering a<span class=\"_ _2\"></span> share of the non<span class=\"ls0 ws0\">-</span></span>life</div>\n<div class=\"t m0 x1a h4f y99c ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business o<span class=\"_ _2\"></span>f the controlled <span class=\"_ _2\"></span>participations.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y99d ff1b6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y99e ff1b6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The gover<span class=\"_ _2b\"></span>nance of the reinsu<span class=\"_ _0\"></span>rance busi<span class=\"_ _2b\"></span>ness respects and o<span class=\"_ _2b\"></span>perates</div>\n<div class=\"t m0 x1a h4f y99f ff1b6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">within the <span class=\"_ _2\"></span>Ageas Risk Manageme<span class=\"_ _2\"></span>nt Framework and<span class=\"_ _2\"></span> <span class=\"ws103\">controls on </span></div>\n<div class=\"t m0 x1a h4f y9a0 ff1b6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">processes follow<span class=\"_ _2\"></span> Group standards.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 392px; height: 714px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1bb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> provides details of risk re<span class=\"_ _2\"></span>tention by product line of<span class=\"_ _2\"></span> Ageas (in EUR mio)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1bb fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5ff ff1bb fs3c fc1f sc0 lse4 wsf6\" style=\"left: 525px; bottom: 1065px; z-index: 15;\">Probable Maximum Loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y601 ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 593px; bottom: 1050px; z-index: 15;\"> <span class=\"lsf0 wsff\">per r<span class=\"_ _2\"></span>isk</span> </div>\n<div class=\"t m0 x48 h52 y5ff ff1bb fs3c fc1f sc0 lse4 wsf6\" style=\"left: 697px; bottom: 1065px; z-index: 15;\">Probable Maximum Loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y601 ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 756px; bottom: 1050px; z-index: 15;\"> <span class=\"lse4 wsf3\">per event</span> </div>\n<div class=\"t m0 x14d h52 y5ff ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff1bd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Product<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1bb fs3c fc1f sc0 ls0 ws0\" style=\"left: 633px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1bb fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Motor, Third Party <span class=\"wsf4\">liability<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y603 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 1005px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y603 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 1005px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y608 ff1bb fs3c fc14 sc0 lsed ws12d\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Terrorism<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y608 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 990px; z-index: 15;\">4</div>\n<div class=\"t m0 xd2 h52 y608 ff1bb fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 990px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1bb fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 975px; z-index: 15;\">4</div>\n<div class=\"t m0 x107 h52 y5f4 ff1bb fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 975px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1bb fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 960px; z-index: 15;\">General Third Party Liability<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f2 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 960px; z-index: 15;\">5</div>\n<div class=\"t m0 x78 h52 y5f2 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1bb fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Workmen\u2019s Compensation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 945px; z-index: 15;\">3</div>\n<div class=\"t m0 xb8 h52 y60e ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 945px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5f9 ff1bb fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Personal Accident<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 931px; z-index: 15;\">3</div>\n<div class=\"t m0 xb8 h52 y5f9 ff1bb fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 931px; z-index: 15;\">3</div>\n<div class=\"t m0 x7 h4f y13f4 ff1bb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13f5 ff1bb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y13f6 ff1bb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table shows<span class=\"_ _2\"></span> the highest amount (capped at a<span class=\"_ _2\"></span> 200 years return</div>\n<div class=\"t m0 x7 h4f y13f7 ff1bb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">period<span class=\"_ _0\"></span>) per risk<span class=\"_ _0\"></span> across <span class=\"_ _0\"></span>all entit<span class=\"_ _2b\"></span>ies of the Gro<span class=\"_ _0\"></span>up for sim<span class=\"_ _2b\"></span>ilar covers fo<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x7 h4f y13f8 ff1bb fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">which Ageas<span class=\"_ _2\"></span> Group assumes resp<span class=\"_ _2\"></span>onsibility for mi<span class=\"_ _2\"></span>tigating emerging r<span class=\"_ _2\"></span>isks;</div>\n<div class=\"t m0 x7 h4f y13f9 ff1bb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">any amou<span class=\"_ _0\"></span>nt high<span class=\"_ _2b\"></span>er than those in t<span class=\"_ _2b\"></span>he table will<span class=\"ls0 ws0\"> </span>be t<span class=\"_ _0\"></span>ransfe<span class=\"_ _0\"></span>rred to th<span class=\"_ _2b\"></span>ird</div>\n<div class=\"t m0 x7 h4f y13fa ff1bb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">party rei<span class=\"_ _2b\"></span>nsurers for c<span class=\"_ _0\"></span>over. T<span class=\"_ _0\"></span>he measu<span class=\"_ _0\"></span>rement d<span class=\"_ _0\"></span>epends <span class=\"_ _0\"></span>on the t<span class=\"_ _0\"></span>ype of</div>\n<div class=\"t m0 x7 h4f y13fb ff1bb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event cove<span class=\"_ _2b\"></span>red by these reins<span class=\"_ _0\"></span>urance a<span class=\"_ _0\"></span>greement<span class=\"_ _0\"></span>s: eithe<span class=\"_ _2b\"></span>r per single risk or</div>\n<div class=\"t m0 x7 h4f y13fc ff1bb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">alternativel<span class=\"_ _2\"></span>y per event. Additionally,<span class=\"_ _2\"></span> as the catastrophe covers for<span class=\"_ _2\"></span> Motor</div>\n<div class=\"t m0 x1a h4f y13fd ff1bb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Hull have been i<span class=\"lse0 wsf0\">ntegrated into th<span class=\"_ _2b\"></span>e property reinsur<span class=\"_ _2b\"></span>ance treaty, the </span></div>\n<div class=\"t m0 x1a h4f y13fe ff1bb fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">retention men<span class=\"_ _2\"></span>tioned is the maximum that Ageas<span class=\"_ _2\"></span> Group is exposed to.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y13ff ff1bb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1400 ff1bb fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For rete<span class=\"_ _2b\"></span>ntion per eve<span class=\"_ _0\"></span>nt, we tak<span class=\"_ _2b\"></span>e into account t<span class=\"_ _2b\"></span>he maximum c<span class=\"_ _0\"></span>ombined</div>\n<div class=\"t m0 x1a h4f y1401 ff1bb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exposur<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>AIL,<span class=\"_ _0\"></span> AGI and <span class=\"ls0 ws0\">A</span>geas SA/<span class=\"_ _2b\"></span>NV held in retentio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1402 ff1bb fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1403 ff1bb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The premi<span class=\"_ _0\"></span>ums ceded to r<span class=\"_ _2b\"></span>einsurers by prod<span class=\"_ _0\"></span>uct line ar<span class=\"_ _0\"></span>e presente<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>in Not<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1404 ff1bb fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">30 \u201cInsu<span class=\"_ _0\"></span>rance prem<span class=\"_ _0\"></span>iums\u201d.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 763px; height: 343px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag444": {
   "value": "\n<div class=\"t m0 x7 h6a yeba ff136 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">4<span class=\"ls100 ws11a\">.4</span> </div>\n<div class=\"t m0 x7 h6a yebb ff136 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Capital Management Objectives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yebc ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Capital<span class=\"_ _0\"></span> is a sc<span class=\"_ _0\"></span>arce and st<span class=\"_ _2b\"></span>rategic resou<span class=\"_ _2b\"></span>rce, which requ<span class=\"_ _2b\"></span>ires a clearly</div>\n<div class=\"t m0 x7 h4f yebd ff134 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">defined, r<span class=\"_ _2\"></span>igorous and discipli<span class=\"_ _2\"></span>ned management approa<span class=\"_ _2\"></span>ch in order to</div>\n<div class=\"t m0 x7 h4f yebe ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">ensure ef<span class=\"_ _0\"></span>ficient a<span class=\"_ _0\"></span>nd <span class=\"lse2 wsfa\">effective depl<span class=\"_ _2\"></span>oyment. The Capital<span class=\"_ _2\"></span> Management </span></div>\n<div class=\"t m0 x7 h4f yebf ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">approac<span class=\"_ _0\"></span>h that Age<span class=\"_ _0\"></span>as follows a<span class=\"_ _0\"></span>ims to balan<span class=\"_ _0\"></span>ce the nee<span class=\"_ _0\"></span>ds and</div>\n<div class=\"t m0 x7 h4f yec0 ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">requir<span class=\"_ _0\"></span>ements of al<span class=\"_ _0\"></span>l stakeho<span class=\"_ _2b\"></span>lders includin<span class=\"_ _0\"></span>g shareho<span class=\"_ _0\"></span>lders, debt<span class=\"_ _0\"></span> investo<span class=\"_ _0\"></span>rs,</div>\n<div class=\"t m0 x7 h4f yec1 ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ors, ratin<span class=\"_ _2b\"></span>g agencies and cust<span class=\"_ _0\"></span>omers.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yec2 ff134 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yec3 ff134 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">The main objec<span class=\"_ _2\"></span>tives of capital manag<span class=\"lse0 wsf0\">ement at Ageas<span class=\"_ _0\"></span> are:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yec4 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsfa\">to optimise the <span class=\"_ _2b\"></span>capital struct<span class=\"_ _0\"></span>ure, c<span class=\"_ _0\"></span>omposit<span class=\"_ _0\"></span>ion and a<span class=\"_ _0\"></span>llocat<span class=\"_ _0\"></span>ion of </span></span></div>\n<div class=\"t m0 x43 h4f yec5 ff134 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">capital within<span class=\"_ _2\"></span> Ageas;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yec6 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">to ensure value cre<span class=\"_ _0\"></span>ation by fun<span class=\"_ _0\"></span>ding profit<span class=\"_ _2b\"></span>able growth, as we<span class=\"_ _0\"></span>ll as </span></span></div>\n<div class=\"t m0 x43 h4f yec7 ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">protect<span class=\"_ _0\"></span>ing the v<span class=\"_ _0\"></span>iability<span class=\"_ _0\"></span> and pr<span class=\"_ _0\"></span>ofitabi<span class=\"_ _0\"></span>lity of<span class=\"_ _0\"></span> the bus<span class=\"_ _0\"></span>iness;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yec8 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">to ensure optimal d<span class=\"_ _0\"></span>ividend le<span class=\"_ _0\"></span>vels, bot<span class=\"_ _0\"></span>h for the Gro<span class=\"_ _0\"></span>up as well as its<span class=\"_ _0\"></span> </span></span></div>\n<div class=\"t m0 x43 h4f yec9 ff134 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">subsidiaries.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yeca ff134 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.4.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 ws103\">Cap<span class=\"_ _2\"></span>ital Management Framework</span> </span></div>\n<div class=\"t m0 x7 h4f yecb ff134 fs3a fc1e sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">obj<span class=\"_ _0\"></span>ectives<span class=\"_ _0\"></span> with res<span class=\"_ _0\"></span>pect to c<span class=\"_ _2b\"></span>apital manag<span class=\"_ _0\"></span>ement ar<span class=\"_ _0\"></span>e to be </span></span></div>\n<div class=\"t m0 x7 h4f yecc ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">achieve<span class=\"_ _2b\"></span>d by adhering t<span class=\"_ _0\"></span>o clear<span class=\"_ _0\"></span>ly define<span class=\"_ _2b\"></span>d processes. Th<span class=\"_ _2b\"></span>ese are gover<span class=\"_ _0\"></span>ned</div>\n<div class=\"t m0 x7 h4f yecd ff134 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">by clearly defi<span class=\"_ _2\"></span>ned policies<span class=\"ls0 ws0\"> </span>and proced<span class=\"_ _2\"></span>ures to ensure that capital<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yece ff134 fs3a fc1e sc0 lse2 ws103\" style=\"z-index: 15;\">management prac<span class=\"_ _2\"></span>tices throughout the Group and<span class=\"_ _2\"></span> the OpCos are</div>\n<div class=\"t m0 x1a h4f yecf ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">underst<span class=\"_ _2b\"></span>ood, documente<span class=\"_ _0\"></span>d and monito<span class=\"_ _0\"></span>red (wit<span class=\"_ _0\"></span>h correct<span class=\"_ _0\"></span>ive actio<span class=\"_ _0\"></span>ns taken if</div>\n<div class=\"t m0 x1a h4f yed0 ff134 fs3a fc1e sc0 lse0 wsef\" style=\"z-index: 15;\">necess<span class=\"_ _0\"></span>ary).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yed1 ff134 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yed2 ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">The Capit<span class=\"_ _0\"></span>al Manag<span class=\"_ _0\"></span>ement Fram<span class=\"_ _2b\"></span>ework at Ageas defi<span class=\"_ _2b\"></span>nes rules and</div>\n<div class=\"t m0 x1a h4f yed3 ff134 fs3a fc1e sc0 ls102 ws129\" style=\"z-index: 15;\">principle<span class=\"_ _2\"></span>s in<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">respect of the f<span class=\"_ _2\"></span>ollowing:</span> </span></div>\n<div class=\"t m0 x1a h4f yed4 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">Capital plannin<span class=\"_ _0\"></span>g, i.e. def<span class=\"_ _2b\"></span>ining the capital l<span class=\"_ _0\"></span>evel the Gro<span class=\"_ _0\"></span>up wants to </span></span></div>\n<div class=\"t m0 x6c h4f yed5 ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">hold, wh<span class=\"_ _2b\"></span>ich is a functi<span class=\"_ _2b\"></span>on of:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yed6 ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse2 wsfa\">Legal requiremen<span class=\"_ _2\"></span>ts and anticipated<span class=\"_ _2\"></span> changes</span><span class=\"ff134\">; </span></span></div>\n<div class=\"t m0 x6c h4f yed7 ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse2 ws103\">Regulatory requirem<span class=\"_ _2\"></span>ents and anticipated changes</span><span class=\"ff134\">;<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x6c h4f yed8 ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse0 wsfa\">Growt<span class=\"_ _2b\"></span>h ambitions and f<span class=\"_ _2b\"></span>uture capita<span class=\"_ _0\"></span>l commit<span class=\"_ _0\"></span>ments<span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x6c h4f yed9 ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134\">T<span class=\"lse0 wsf0\">he Risk Appet<span class=\"_ _2b\"></span>ite Policy<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yeda ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">Capital allocat<span class=\"_ _2b\"></span>ion, i.e. determi<span class=\"_ _2b\"></span>ning the capital use t<span class=\"_ _0\"></span>hat Ageas </span></span></div>\n<div class=\"t m0 x6c h4f yedb ff134 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">forese<span class=\"_ _0\"></span>es, whic<span class=\"_ _0\"></span>h is a f<span class=\"_ _0\"></span>unction of<span class=\"_ _0\"></span>:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x6c h4f yedc ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse0 wsf0\">Optim<span class=\"_ _0\"></span>isation of<span class=\"_ _0\"></span> risk rew<span class=\"_ _0\"></span>ard<span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x6c h4f yedd ff139 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">-<span class=\"ff138\"> <span class=\"_ _a\"> </span><span class=\"ff134 lse2 ws103\">The Dividen<span class=\"lse0 wsfa\">d Policy (<span class=\"_ _0\"></span>and futur<span class=\"_ _2b\"></span>e capital raisi<span class=\"_ _2b\"></span>ng)<span class=\"ls0 ws0\">; </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yede ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse2 ws103\">C<span class=\"_ _2\"></span>apital structuring, i.e<span class=\"_ _2\"></span>. mainta<span class=\"lse0 wsf0\">ining an<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>effic<span class=\"_ _0\"></span>ient bala<span class=\"_ _2b\"></span>nce between </span></span></span></div>\n<div class=\"t m0 x6c h4f yedf ff134 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">equity an<span class=\"_ _0\"></span>d debt; <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yee0 ff137 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff138\"> <span class=\"_ _46\"> </span><span class=\"ff134 lse0 wsf0\">Capital Manage<span class=\"_ _0\"></span>ment gove<span class=\"_ _0\"></span>rnance,<span class=\"_ _0\"></span> i.e. settin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>cl<span class=\"_ _0\"></span>ear roles an<span class=\"_ _0\"></span>d </span></span></div>\n<div class=\"t m0 x6c h4f yee1 ff134 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">responsibili<span class=\"_ _2\"></span>ties on people and<span class=\"_ _2\"></span> decisional bodies<span class=\"_ _2\"></span> involved in Capi<span class=\"_ _2\"></span>tal</div>\n<div class=\"t m0 x6c h4f yee2 ff134 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">Management Pro<span class=\"_ _2\"></span>cesses.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 189px; height: 351px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag446": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1a h55 y10f7 ff16a fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.1.1 <span class=\"ls0 ws0\"> <span class=\"_\"> </span></span><span class=\"wsf0\">Market risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y10f8 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Market <span class=\"_ _0\"></span>risk aris<span class=\"_ _2b\"></span>es from advers<span class=\"_ _0\"></span>e chang<span class=\"_ _0\"></span>e in the f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al situ<span class=\"lse2 wsf1\">ation </span></div>\n<div class=\"t m0 x1a h4f y10f9 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">resulti<span class=\"_ _0\"></span>ng, dir<span class=\"_ _0\"></span>ectly or i<span class=\"_ _0\"></span>ndirect<span class=\"_ _0\"></span>ly, fro<span class=\"_ _0\"></span>m fluct<span class=\"_ _0\"></span>uations <span class=\"_ _2b\"></span>in the level and <span class=\"_ _0\"></span>in the</div>\n<div class=\"t m0 x1a h4f y10fa ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of mark<span class=\"_ _0\"></span>et prices of<span class=\"_ _0\"></span> assets an<span class=\"_ _0\"></span>d liabilit<span class=\"_ _0\"></span>ies. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10fb ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">It is com<span class=\"_ _0\"></span>posed of<span class=\"_ _0\"></span> the foll<span class=\"_ _2b\"></span>owing sub<span class=\"ls0 ws0\">-<span class=\"lse1 wsf0\">risks:</span> </span></div>\n<div class=\"t m0 x1a h4f y10fc ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">a.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span></span><span class=\"wsf0\">interes<span class=\"_ _0\"></span>t rate risk<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y10fd ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">b.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span><span class=\"lse2 wsfa\">equity ri<span class=\"_ _2\"></span>sk;</span> </span></div>\n<div class=\"t m0 x1a h4f y10fe ff168 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">c.<span class=\"ls0 ws0\"> <span class=\"_ _185\"> </span><span class=\"lse2 ws103\">spread ri<span class=\"_ _2\"></span>sk.</span> </span></div>\n<div class=\"t m0 x1a h4f y10ff ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">d.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span><span class=\"lse1 ws11d\">currency risk;</span> </span></div>\n<div class=\"t m0 x1a h4f y1100 ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">e.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span><span class=\"lse2 ws103\">property risk<span class=\"_ _2\"></span>;</span> </span></div>\n<div class=\"t m0 x1a h4f y1101 ff168 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">f.<span class=\"ls0 ws0\"> <span class=\"_ _1f1\"> </span><span class=\"lse0 wsf0\">mark<span class=\"_ _0\"></span>et risk conc<span class=\"_ _0\"></span>entrat<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x1a h4f y1102 ff168 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">g. <span class=\"ls0 ws0\"> <span class=\"_ _13b\"> </span><span class=\"lse0 wsfa\">inflat<span class=\"_ _0\"></span>ion risk<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y1103 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1104 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The sensitivit<span class=\"_ _2\"></span>ies presented in this note exc<span class=\"_ _2\"></span>lude the impact in non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yaaa ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">controlled par<span class=\"_ _2\"></span>ticipations.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 315px; height: 241px; width: 335px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 315px; height: 246px; width: 335px; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff16e fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">A.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span></span><span class=\"ws11c\">INTER<span class=\"_ _0\"></span>EST RAT<span class=\"_ _0\"></span>E RISK<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span> rate risk ex<span class=\"_ _2b\"></span>ists for all <span class=\"wsfa\">assets a<span class=\"_ _0\"></span>nd liab<span class=\"_ _0\"></span>ilities s<span class=\"_ _2b\"></span>ensitive to cha<span class=\"_ _2b\"></span>nges </span></div>\n<div class=\"t m0 x7 h4f y804 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the t<span class=\"_ _0\"></span>erm stru<span class=\"_ _0\"></span>cture of<span class=\"_ _0\"></span> interest<span class=\"_ _0\"></span> rates<span class=\"_ _0\"></span> or inte<span class=\"_ _0\"></span>rest rat<span class=\"_ _0\"></span>e volati<span class=\"_ _2b\"></span>lity. This</div>\n<div class=\"t m0 x7 h4f y805 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applies t<span class=\"_ _0\"></span>o both real<span class=\"_ _0\"></span> and nomina<span class=\"_ _0\"></span>l term struc<span class=\"_ _0\"></span>tures. Th<span class=\"_ _2b\"></span>e risk arises as a</div>\n<div class=\"t m0 x7 h4f y806 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result of a mi<span class=\"_ _0\"></span>smatch bet<span class=\"_ _2b\"></span>ween the sensitiv<span class=\"_ _0\"></span>ity of asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilit<span class=\"wsfa\">ies t<span class=\"_ _2b\"></span>o </span></div>\n<div class=\"t m0 x7 h4f y807 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes i<span class=\"_ _0\"></span>n interest<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>rates<span class=\"_ _0\"></span> and associ<span class=\"_ _2b\"></span>ated volatility<span class=\"_ _0\"></span>, which can adv<span class=\"_ _2b\"></span>ersely</div>\n<div class=\"t m0 x7 h4f y808 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">impact the<span class=\"_ _2\"></span> earnings and sol<span class=\"_ _2\"></span>vency position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas mea<span class=\"_ _0\"></span>sures, mo<span class=\"_ _2b\"></span>nitors and contr<span class=\"_ _0\"></span>ols its inte<span class=\"_ _0\"></span>rest rate ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>usi<span class=\"_ _2b\"></span>ng a</div>\n<div class=\"t m0 x7 h4f y80b ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">number of in<span class=\"_ _2b\"></span>dicators includ<span class=\"_ _0\"></span>ing cash fl<span class=\"_ _0\"></span>ow mismat<span class=\"_ _0\"></span>ch analy<span class=\"_ _0\"></span>sis and <span class=\"lse1\">stress </span></div>\n<div class=\"t m0 x1a h4f yc3c ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">testing. <span class=\"_ _2\"></span>The investment and<span class=\"_ _2\"></span> ALM policies usual<span class=\"_ _2\"></span>ly require close ma<span class=\"_ _2\"></span>tching</div>\n<div class=\"t m0 x1a h4f yd61 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unless sp<span class=\"_ _0\"></span>ecifica<span class=\"_ _0\"></span>lly approv<span class=\"_ _2b\"></span>ed otherwise. Lon<span class=\"_ _0\"></span>ger<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term busine<span class=\"_ _2\"></span>ss can be </span></span></div>\n<div class=\"t m0 x1a h4f yd62 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">difficult<span class=\"_ _0\"></span> to match due t<span class=\"_ _0\"></span>o lack of ava<span class=\"_ _0\"></span>ilabilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>of su<span class=\"_ _0\"></span>itable as<span class=\"_ _2b\"></span>sets. The</div>\n<div class=\"t m0 x1a h4f yd63 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">matchi<span class=\"_ _0\"></span>ng strateg<span class=\"_ _0\"></span>y will be det<span class=\"_ _2b\"></span>ermined taking int<span class=\"_ _2b\"></span>o account risk appet<span class=\"_ _0\"></span>ite,</div>\n<div class=\"t m0 x1a h4f yd64 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">availab<span class=\"_ _0\"></span>ility of (l<span class=\"_ _0\"></span>ong<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">term) as<span class=\"_ _2b\"></span>sets, current<span class=\"_ _0\"></span> and pros<span class=\"_ _2b\"></span>pective mark<span class=\"_ _0\"></span>et rates </span></div>\n<div class=\"t m0 x1a h4f yd65 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and level<span class=\"_ _2\"></span>s of guarantee. Deri<span class=\"_ _2\"></span>vatives are sometime<span class=\"_ _2\"></span>s used to hedge<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd66 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate risk.<span class=\"_ _0\"></span> Note that lo<span class=\"_ _0\"></span>w interes<span class=\"_ _0\"></span>t rates have be<span class=\"_ _2b\"></span>en defined as a</div>\n<div class=\"t m0 x1a h4f yd67 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">strategic r<span class=\"_ _2\"></span>i<span class=\"lse0\">sk w<span class=\"_ _0\"></span>ith focus<span class=\"_ _0\"></span> on fixe<span class=\"_ _2b\"></span>d/variable cos<span class=\"_ _0\"></span>t struct<span class=\"_ _2b\"></span>ure.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc45 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc46 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc47 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below shows t<span class=\"_ _0\"></span>he gros<span class=\"_ _0\"></span>s impact <span class=\"_ _0\"></span>on the IF<span class=\"_ _0\"></span>RS inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement an<span class=\"_ _0\"></span>d IFRS <span class=\"_ _0\"></span>equity <span class=\"_ _0\"></span>as a result<span class=\"_ _0\"></span> of a dec<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span> in the int<span class=\"_ _2b\"></span>erest<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">rates for<span class=\"_ _2\"></span> consolidated </span></span></div>\n<div class=\"t m0 x7 h4f yc48 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">entitie<span class=\"_ _0\"></span>s. An upwa<span class=\"_ _0\"></span>rds/dow<span class=\"_ _0\"></span>nw<span class=\"lse2 wsfa\">ards shock is<span class=\"_ _2\"></span> applied, correspond<span class=\"_ _2\"></span>ing to a 1/30 <span class=\"_ _2\"></span>years return peri<span class=\"_ _2\"></span>od (around 75bps on<span class=\"_ _2\"></span> average). Some en<span class=\"_ _2\"></span>tities use a <span class=\"_ _2\"></span>simplified </span></div>\n<div class=\"t m0 x7 h4f yc49 ff16e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">method <span class=\"ls0 ws0\">w<span class=\"_ _2\"></span>h</span>ere<span class=\"ls0 ws0\"> </span><span class=\"ws103\">a paral<span class=\"_ _2\"></span>lel stress of 100bps is consid<span class=\"_ _2\"></span>ered.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws10a\" style=\"left: 501px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">on</span> </span></div>\n<div class=\"t m0 x261 h52 y603 ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 815px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span>statement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 844px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws10a\" style=\"left: 586px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t <span class=\"ls0 ws0\">on </span></div>\n<div class=\"t m0 x152 h52 y603 ff16e fs3c fc1f sc0 lse8 ws10b\" style=\"left: 577px; bottom: 815px; z-index: 15;\">IFRS<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">Equity</span> </span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws10a\" style=\"left: 672px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">on</span> </span></div>\n<div class=\"t m0 x261 h52 y603 ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 640px; bottom: 815px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span>statement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 844px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws102\" style=\"left: 758px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t o<span class=\"ls0 ws0\">n </span></div>\n<div class=\"t m0 x152 h52 y603 ff16e fs3c fc1f sc0 lse8 ws10b\" style=\"left: 749px; bottom: 815px; z-index: 15;\">IFRS<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">Equity</span> </span></div>\n<div class=\"t m0 x14d h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff16e fs3c fc14 sc0 lse7 ws109\" style=\"left: 69px; bottom: 784px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st <span class=\"ls0 ws0\">- <span class=\"lsef ws102\">r<span class=\"_ _2\"></span>ate down</span> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 784px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 784px; z-index: 15;\">1,841<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 784px; z-index: 15;\">4</div>\n<div class=\"t m0 x24 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 784px; z-index: 15;\">396<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff16e fs3c fc14 sc0 lse7 ws109\" style=\"left: 69px; bottom: 770px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st <span class=\"ls0 ws0\">- <span class=\"lsef ws102\">r<span class=\"_ _2\"></span>ate up</span> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 770px; z-index: 15;\">(67)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f2 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 770px; z-index: 15;\">(2,224)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 770px; z-index: 15;\">2</div>\n<div class=\"t m0 x11e h52 y5f2 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 770px; z-index: 15;\">(1,407)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y110c ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y110d ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y110e ff16e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">B. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"lsfc ws121\">EQUITY<span class=\"_ _2\"></span> RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y110f ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Equity ri<span class=\"_ _0\"></span>sk arises f<span class=\"_ _0\"></span>rom the se<span class=\"_ _0\"></span>nsitivit<span class=\"_ _0\"></span>y of assets a<span class=\"_ _0\"></span>nd liabil<span class=\"_ _0\"></span>ities and</div>\n<div class=\"t m0 x7 h4f y1110 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s to chan<span class=\"_ _0\"></span>ges in th<span class=\"_ _2b\"></span>e level or volat<span class=\"_ _2b\"></span>ility of market<span class=\"_ _0\"></span> prices</div>\n<div class=\"t m0 x7 h4f y1111 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">for equit<span class=\"_ _2b\"></span>ies or their y<span class=\"_ _0\"></span>ield, wh<span class=\"_ _2b\"></span>ich can impact <span class=\"_ _0\"></span>earnings<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>he solven<span class=\"_ _2b\"></span>cy</div>\n<div class=\"t m0 x7 h4f y1112 ff16e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position. <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1113 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1114 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This risk is c<span class=\"_ _0\"></span>ontrol<span class=\"_ _0\"></span>led t<span class=\"lse2 ws103\">hrough limit setting b<span class=\"_ _2\"></span>ased on the risk appetite and<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1115 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by invest<span class=\"_ _0\"></span>ment polic<span class=\"_ _2b\"></span>ies that require a ran<span class=\"_ _0\"></span>ge of contr<span class=\"_ _0\"></span>ols to be in plac<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1116 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">includi<span class=\"_ _0\"></span>ng the acti<span class=\"_ _0\"></span>on that will b<span class=\"_ _0\"></span>e taken in the ev<span class=\"_ _2b\"></span>ent of significan<span class=\"_ _0\"></span>t</div>\n<div class=\"t m0 x1a h4f y1117 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">decreases i<span class=\"_ _2\"></span>n value. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1118 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1119 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For risk<span class=\"_ _2\"></span> management purposes<span class=\"_ _2\"></span>, Ageas bases i<span class=\"lsf4 ws114\">ts definition<span class=\"_ _2\"></span> of equity </span></div>\n<div class=\"t m0 x1a h4f y111a ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exposur<span class=\"_ _2b\"></span>e on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e economi<span class=\"_ _0\"></span>c reality of<span class=\"_ _0\"></span> underly<span class=\"_ _0\"></span>ing asset<span class=\"_ _0\"></span>s and risks<span class=\"_ _0\"></span>. Takin<span class=\"_ _0\"></span>g</div>\n<div class=\"t m0 x1a h4f y111b ff16e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">a risk<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">based appro<span class=\"_ _0\"></span>ach; the t<span class=\"_ _2b\"></span>otal economic<span class=\"_ _0\"></span> exposu<span class=\"_ _0\"></span>re to equ<span class=\"_ _0\"></span>ities at<span class=\"_ _0\"></span> fair </span></span></div>\n<div class=\"t m0 x1a h4f y111c ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value is<span class=\"_ _0\"></span> given i<span class=\"_ _0\"></span>n the tab<span class=\"_ _2b\"></span>le below toget<span class=\"_ _2b\"></span>her with the rec<span class=\"_ _2b\"></span>onciliation t<span class=\"_ _0\"></span>o the</div>\n<div class=\"t m0 x1a h4f y111d ff16e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">IFRS reported f<span class=\"_ _2\"></span><span class=\"wsf1\">igures.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y111e ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y111f ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x130 h52 y60e ff16e fs3c fc1f sc0 ls0 ws0\" style=\"left: 453px; bottom: 565px; z-index: 15;\"> </div>\n<div class=\"t m0 x25f h52 y60e ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 565px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 565px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff16e fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Type of a<span class=\"_ _0\"></span>sset<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5f9 ff16e fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f9 ff171 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Direct equity investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 534px; z-index: 15;\">2,799<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 534px; z-index: 15;\">3,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Equity funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 520px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 520px; z-index: 15;\">916<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Private equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 505px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 505px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 490px; z-index: 15;\">Asset allocation funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 490px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 490px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff170 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 475px; z-index: 15;\">Total Economic equity exposure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 475px; z-index: 15;\">3,622<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 475px; z-index: 15;\">4,204<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 460px; z-index: 15;\">Debt funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 460px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 460px; z-index: 15;\">424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 445px; z-index: 15;\">Money market funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y647 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 445px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 445px; z-index: 15;\">221<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Real estate funds (SIC<span class=\"_ _0\"></span>AFI/REITS)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 430px; z-index: 15;\">619<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 430px; z-index: 15;\">1,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff170 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Total IFRS equity exposure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y608 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 416px; z-index: 15;\">4,461<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y608 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 416px; z-index: 15;\">5,872<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff16e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 401px; z-index: 15;\">of which:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y603 ff170 fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y603 ff16e fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 386px; z-index: 15;\">Available for Sale (see no<span class=\"_ _0\"></span>te 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 386px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 386px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 371px; z-index: 15;\">Held at Fair Value (see<span class=\"_ _0\"></span> note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 371px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 371px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 360px; height: 746px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 360px; height: 746px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ff175 fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _2b\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> shows <span class=\"lse0 wsf0\">the gr<span class=\"_ _0\"></span>oss impact<span class=\"_ _0\"></span> on the IFRS inc<span class=\"_ _2b\"></span>ome statement and<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>IFR<span class=\"_ _0\"></span>S equity as the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>resul<span class=\"_ _0\"></span>t of an equity<span class=\"_ _0\"></span> shock corr<span class=\"_ _0\"></span>espond<span class=\"_ _0\"></span>ing to a 1/30 ye<span class=\"_ _0\"></span>ars </span></div>\n<div class=\"t m0 x7 h4f y804 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">return period dow<span class=\"_ _2\"></span>n (around 30% for EAA listed equ<span class=\"_ _2\"></span>ities) for consolidat<span class=\"_ _2\"></span>ed entities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 501px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y608 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 501px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 586px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 577px; bottom: 1004px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 672px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y608 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 672px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 758px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 749px; bottom: 1004px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 973px; z-index: 15;\">Equity risk downwards<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 973px; z-index: 15;\">(340)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 973px; z-index: 15;\">(967)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 973px; z-index: 15;\">(281)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 973px; z-index: 15;\">(1,262)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1135 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1136 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1137 ff173 fs3a fc28 sc0 ls104 ws126\" style=\"z-index: 15;\">C.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lsfd ws120\">SPREAD RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1138 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Spread r<span class=\"_ _2b\"></span>isk results fro<span class=\"_ _0\"></span>m the s<span class=\"_ _0\"></span>ensitivit<span class=\"_ _2b\"></span>y of the value of<span class=\"_ _0\"></span> assets <span class=\"_ _0\"></span>and</div>\n<div class=\"t m0 x7 h4f y1139 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liabilities and<span class=\"_ _2\"></span> financial instruments to<span class=\"_ _2\"></span> changes in the level or in th<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x7 h4f y113a ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of s<span class=\"_ _0\"></span>preads ov<span class=\"_ _2b\"></span>er the risk<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">free int<span class=\"_ _0\"></span>erest r<span class=\"_ _0\"></span>ate term st<span class=\"_ _0\"></span>ructure.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y113b ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y113c ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A significant<span class=\"_ _2\"></span> portion of Ageas\u2019s liabili<span class=\"_ _2\"></span>ties are relatively illiquid<span class=\"_ _2\"></span>. Ageas</div>\n<div class=\"t m0 x7 h4f y113d ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">generally aims<span class=\"_ _2\"></span> to hold credit assets<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">to<span class=\"_ _0\"></span> maturit<span class=\"_ _0\"></span>y. This l<span class=\"_ _2b\"></span>imits the long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">ter<span class=\"_ _2\"></span>m </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y113e ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact of<span class=\"_ _0\"></span> spread ri<span class=\"_ _0\"></span>sk signific<span class=\"_ _2b\"></span>antly because Ag<span class=\"_ _0\"></span>eas typic<span class=\"_ _0\"></span>ally hold<span class=\"_ _0\"></span>s these</div>\n<div class=\"t m0 x7 h4f y113f ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets t<span class=\"_ _0\"></span>o maturi<span class=\"_ _0\"></span>ty in li<span class=\"_ _2b\"></span>ne with its lon<span class=\"_ _0\"></span>g<span class=\"ls0 ws0\">-<span class=\"ls102 ws115\">term i<span class=\"_ _2\"></span>lliquid liabi<span class=\"_ _2\"></span>lities. Althoug<span class=\"_ _2\"></span>h </span></span></div>\n<div class=\"t m0 x7 h4f y1140 ff173 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">short<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">term v<span class=\"_ _2b\"></span>olatility can b<span class=\"_ _2b\"></span>e significant,<span class=\"_ _2b\"></span> it is unlikely t<span class=\"_ _0\"></span>hat Age<span class=\"_ _0\"></span>as<span class=\"ls0 ws0\"> </span>would b<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y1141 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">forced t<span class=\"_ _0\"></span>o sell at<span class=\"_ _0\"></span> distre<span class=\"_ _0\"></span>ssed pri<span class=\"_ _0\"></span>ces, eve<span class=\"_ _2b\"></span>n though Ageas<span class=\"_ _0\"></span> can cho<span class=\"_ _0\"></span>ose to</div>\n<div class=\"t m0 x7 h4f y1142 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liquida<span class=\"_ _0\"></span>te thes<span class=\"_ _0\"></span>e assets <span class=\"_ _2b\"></span>if it considers<span class=\"_ _0\"></span> this th<span class=\"_ _0\"></span>e best c<span class=\"_ _0\"></span>ourse of <span class=\"_ _2b\"></span>action.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1143 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1144 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For interna<span class=\"_ _2\"></span>l risk management <span class=\"_ _2\"></span>purposes, Ageas consi<span class=\"_ _2\"></span>ders the sensitivit<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h4f y1145 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to long<span class=\"ls0 ws0\">-</span><span class=\"lse2\">term fundamental s<span class=\"_ _2\"></span>pread ri<span class=\"lse1 ws104\">sk, similar to the Solvency II \u201c<span class=\"_ _0\"></span>Volatility </span></span></div>\n<div class=\"t m0 x7 h4f y1146 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Adjust<span class=\"_ _0\"></span>ment\u201d conc<span class=\"_ _0\"></span>ept, but tak<span class=\"_ _2b\"></span>ing into account its<span class=\"_ _0\"></span> specific<span class=\"_ _0\"></span> portfoli<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x1a h4f y1147 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">characteristi<span class=\"_ _2\"></span>cs. This is considered <span class=\"wsf1\">mor<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in line wit<span class=\"_ _2b\"></span>h <span class=\"lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas\u2019<span class=\"ls0 ws0\">s </span>busine<span class=\"_ _2\"></span>ss<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1148 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">model, where rea<span class=\"_ _2\"></span>lising capital losses is<span class=\"_ _2\"></span> generally avoided, compared<span class=\"_ _2\"></span> to</div>\n<div class=\"t m0 x1a h4f y1149 ff173 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">a <span class=\"lse2 ws103\">pure mark<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">to</span>-</span>market approach.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y114a ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas\u2019s s<span class=\"_ _2b\"></span>pread risk tr<span class=\"_ _0\"></span>eatment<span class=\"_ _0\"></span> in the SC<span class=\"_ _0\"></span>R</div>\n<div class=\"t m0 xaf h64 y114b ff173 fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 xb6 h4f y114c ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lsfb ws127\">is a<span class=\"_ _2\"></span>s follows:<span class=\"_ _2\"></span></span> </div>\n<div class=\"t m0 x1a h4f y114d ff177 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff178\"> <span class=\"_ _46\"> </span><span class=\"ff173 lse2 wsfa\">In<span class=\"_ _2\"></span>clusion of fundam<span class=\"_ _2\"></span>ental spread for E<span class=\"_ _2\"></span>U sovereign and e<span class=\"_ _2\"></span>quivalent </span></span></div>\n<div class=\"t m0 x25a h4f y114e ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">exposures; <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y114f ff177 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff178\"> <span class=\"_ _46\"> </span><span class=\"ff173 lse2 wsfa\">E<span class=\"_ _2\"></span>xclusion of non</span><span class=\"ff173\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fund<span class=\"_ _0\"></span>amental<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>spr<span class=\"_ _0\"></span>ead for other d<span class=\"_ _2b\"></span>ebt.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h55 y1150 ff175 fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _2b\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1151 ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ws103\">sensi<span class=\"_ _2\"></span>tivities considered for the<span class=\"_ _2\"></span> impact of credit spread widen<span class=\"_ _2\"></span>ing on </span></div>\n<div class=\"t m0 x1a h4f y1152 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement an<span class=\"_ _2b\"></span>d IFRS equity d<span class=\"_ _0\"></span>epend on t<span class=\"_ _2b\"></span>he credit rat<span class=\"_ _0\"></span>ing and</div>\n<div class=\"t m0 x1a h4f y1153 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">duratio<span class=\"_ _0\"></span>n of the <span class=\"_ _0\"></span>asset con<span class=\"_ _2b\"></span>sidered. The<span class=\"_ _0\"></span>se stres<span class=\"_ _0\"></span>ses corr<span class=\"_ _2b\"></span>espond to a 1/3<span class=\"_ _0\"></span>0</div>\n<div class=\"t m0 x1a h4f y1154 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">return per<span class=\"_ _2\"></span>iod, and range be<span class=\"_ _2\"></span>tween +70bps for AAA<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">rate<span class=\"_ _2b\"></span>d assets to </span></div>\n<div class=\"t m0 x1a h4f y1155 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">+200bps <span class=\"_ _2\"></span>for BBB rated asset<span class=\"_ _2\"></span>s. Some operating <span class=\"_ _2\"></span>entities apply a</div>\n<div class=\"t m0 x1a h4f y1156 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">simplif<span class=\"_ _0\"></span>ied meth<span class=\"_ _0\"></span>od where th<span class=\"_ _0\"></span>e entire cr<span class=\"_ _0\"></span>edit portf<span class=\"_ _0\"></span>olio is sho<span class=\"_ _0\"></span>cked by</div>\n<div class=\"t m0 x1a h4f y1157 ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">+100bps.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1158 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1159 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y115a ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below shows t<span class=\"_ _0\"></span>he gros<span class=\"_ _0\"></span>s impact <span class=\"_ _0\"></span>on the IF<span class=\"_ _0\"></span>RS inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement an<span class=\"_ _0\"></span><span class=\"lse2 ws103\">d IFRS equity as th<span class=\"_ _2\"></span>e result of a spread sensi<span class=\"_ _2\"></span>tivity shock.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h52 y638 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 492px; bottom: 611px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 596px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 492px; bottom: 581px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y638 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 600px; bottom: 611px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 580px; bottom: 596px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y70b ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 571px; bottom: 581px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 668px; bottom: 611px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 679px; bottom: 596px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 668px; bottom: 581px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y638 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 611px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 757px; bottom: 596px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y70b ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 748px; bottom: 581px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff176 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 708px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 551px; z-index: 15;\">Spread risk <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsf3\">Credit spread widening<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x15a h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 551px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 591px; bottom: 551px; z-index: 15;\">(1,004)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 551px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 551px; z-index: 15;\">(1,291)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h9b y1161 ff173 fs64 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1162 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1163 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1164 ff173 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">D.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lsfa ws11e\">CURRENCY<span class=\"_ _2\"></span> RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1165 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Currency<span class=\"_ _0\"></span> risk aris<span class=\"_ _0\"></span>es from the s<span class=\"_ _0\"></span>ensitiv<span class=\"_ _0\"></span>ity of asset<span class=\"_ _0\"></span>s and liabi<span class=\"_ _0\"></span>lities t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x7 h4f y1166 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes in t<span class=\"_ _0\"></span>he level of cu<span class=\"_ _2b\"></span>rrency exchange rat<span class=\"_ _2b\"></span>es when there is a</div>\n<div class=\"t m0 x7 h4f y1167 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">mismatc<span class=\"_ _2b\"></span>h between the r<span class=\"_ _2b\"></span>elevant curre<span class=\"_ _0\"></span>ncy of t<span class=\"_ _0\"></span>he asset<span class=\"_ _0\"></span>s and lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span>. At</div>\n<div class=\"t m0 x7 h4f y1168 ff173 fs3a fc14 sc0 lsfd ws116\" style=\"z-index: 15;\">Gr<span class=\"lse0 wsf0\">oup level,<span class=\"_ _0\"></span> this includ<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>sit<span class=\"_ _2b\"></span>uations where Age<span class=\"_ _2b\"></span>as has assets (in </span></div>\n<div class=\"t m0 x7 h4f y1169 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">subsidiaries and<span class=\"_ _2\"></span> equity associates) or liabi<span class=\"_ _2\"></span>lities (from funding) that<span class=\"_ _2\"></span> are</div>\n<div class=\"t m0 x7 h4f y116a ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-</span><span class=\"ws103\">euro deno<span class=\"_ _2\"></span>minated.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y116b ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y116c ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019s<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">i<span class=\"_ _2\"></span>nvestment policy lim<span class=\"_ _2\"></span>its this risk b<span class=\"_ _2\"></span>y requiring the cur<span class=\"_ _2\"></span>rency </span></div>\n<div class=\"t m0 x1a h4f y116d ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">mismatch between a<span class=\"_ _2\"></span>ssets an<span class=\"ls102 ws115\">d liabilit<span class=\"_ _2\"></span>ies <span class=\"lsfc\">with<span class=\"_ _2\"></span>in<span class=\"ls0 ws0\"> </span></span></span>subsidiaries<span class=\"_ _2\"></span> to be</div>\n<div class=\"t m0 x1a h4f y116e ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">minimis<span class=\"_ _0\"></span>ed and in mos<span class=\"_ _0\"></span>t cases<span class=\"ls0 ws0\">, </span>it is elimi<span class=\"_ _2b\"></span>nated entirely. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y116f ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1170 ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019s<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">policy is not to hedg<span class=\"_ _0\"></span>e equity i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts and pe<span class=\"_ _0\"></span>rmanent </span></span></div>\n<div class=\"t m0 x1a h4f y1171 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">funding f<span class=\"_ _0\"></span>or subsidi<span class=\"_ _2b\"></span>aries and equity as<span class=\"_ _0\"></span>sociates i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>ency. Ag<span class=\"_ _0\"></span>eas</div>\n<div class=\"t m0 x1a h4f y1172 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accepts t<span class=\"_ _0\"></span>he misma<span class=\"_ _0\"></span>tch arisin<span class=\"_ _0\"></span>g from owne<span class=\"_ _0\"></span>rship of loc<span class=\"_ _0\"></span>al operat<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f y1173 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">companies i<span class=\"_ _2\"></span>n non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">euro curre<span class=\"_ _0\"></span>ncies as a cons<span class=\"_ _0\"></span>equenc<span class=\"_ _0\"></span>e of being an </span></span></div>\n<div class=\"t m0 x1a h4f y1174 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">internationa<span class=\"_ _2\"></span>l group.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 366px; height: 740px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 366px; height: 740px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff179 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The main curren<span class=\"_ _2\"></span>cy risk exposures to foreign curren<span class=\"_ _2\"></span>cies as at 31<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">December</span> <span class=\"lse0 wsfa\">are st<span class=\"_ _2b\"></span>ated in the fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g table. T<span class=\"_ _2b\"></span>he exposures s<span class=\"_ _0\"></span>hown ar<span class=\"_ _2b\"></span>e net (assets mi<span class=\"_ _2b\"></span>nus </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities)<span class=\"_ _2\"></span>, after any hedgi<span class=\"_ _2\"></span>ng denominated in <span class=\"_ _2\"></span>euros<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff179 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1049px; z-index: 15;\">At 31 December 2022<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 259px; bottom: 1049px; z-index: 15;\">HKD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 307px; bottom: 1049px; z-index: 15;\">GBP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 354px; bottom: 1049px; z-index: 15;\">USD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 401px; bottom: 1049px; z-index: 15;\">CNY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 450px; bottom: 1049px; z-index: 15;\">INR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff179 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 492px; bottom: 1049px; z-index: 15;\">MYR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 542px; bottom: 1049px; z-index: 15;\">PHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 589px; bottom: 1049px; z-index: 15;\">THB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 636px; bottom: 1049px; z-index: 15;\">VND<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 682px; bottom: 1049px; z-index: 15;\">RON<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 731px; bottom: 1049px; z-index: 15;\">TRY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y601 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1049px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff179 fs3c fc14 sc0 lse7 ws0\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Total a<span class=\"_ _0\"></span>ssets<span class=\"_ _0\"></span><span class=\"ls0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 1019px; z-index: 15;\">199<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 1019px; z-index: 15;\">3,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 1019px; z-index: 15;\">913<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 1019px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 443px; bottom: 1019px; z-index: 15;\">1,875<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 1019px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 1019px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 1019px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 1019px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 1019px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 1019px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 1019px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Total liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 268px; bottom: 1004px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 1004px; z-index: 15;\">2,596<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 367px; bottom: 1004px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 443px; bottom: 1004px; z-index: 15;\">1,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 697px; bottom: 1004px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 1004px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Total assets minus liabilities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 989px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 989px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 989px; z-index: 15;\">911<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 989px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 989px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 989px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 989px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 989px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 989px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 989px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 989px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 989px; z-index: 15;\">46<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc14 sc0 lse8 ws10b\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Off <span class=\"lse4 wsf4\">balance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 974px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 352px; bottom: 974px; z-index: 15;\">(435)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 959px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 959px; z-index: 15;\">589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 959px; z-index: 15;\">476<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 959px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 959px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 959px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 959px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 959px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 959px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 959px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 959px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 959px; z-index: 15;\">46<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Of which invested in subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">and equity associates</span> </div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 930px; z-index: 15;\">199<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 930px; z-index: 15;\">730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 363px; bottom: 930px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 930px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 930px; z-index: 15;\">420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 930px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 930px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 930px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 930px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 930px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 930px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff179 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 899px; z-index: 15;\">At 31 December 2021<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 259px; bottom: 899px; z-index: 15;\">HKD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 307px; bottom: 899px; z-index: 15;\">GBP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 354px; bottom: 899px; z-index: 15;\">USD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 401px; bottom: 899px; z-index: 15;\">CNY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 450px; bottom: 899px; z-index: 15;\">INR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff179 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 492px; bottom: 899px; z-index: 15;\">MYR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 542px; bottom: 899px; z-index: 15;\">PHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 589px; bottom: 899px; z-index: 15;\">THB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 636px; bottom: 899px; z-index: 15;\">VND<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 682px; bottom: 899px; z-index: 15;\">RON<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 731px; bottom: 899px; z-index: 15;\">TRY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 899px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff179 fs3c fc14 sc0 lse7 ws0\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Total a<span class=\"_ _0\"></span>ssets<span class=\"_ _0\"></span><span class=\"ls0\"> </span></div>\n<div class=\"t m0 x19e h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 869px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 869px; z-index: 15;\">4,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 350px; bottom: 869px; z-index: 15;\">1,343<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 869px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 869px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 869px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 869px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 869px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 869px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 869px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 869px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 869px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Total liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 268px; bottom: 854px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 854px; z-index: 15;\">4,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 367px; bottom: 854px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 697px; bottom: 854px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 854px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 839px; z-index: 15;\">Total assets minus liabilities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 839px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 839px; z-index: 15;\">964<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 350px; bottom: 839px; z-index: 15;\">1,342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 839px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 839px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 839px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 839px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 839px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 839px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 839px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 839px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 839px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">Off balance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 824px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 352px; bottom: 824px; z-index: 15;\">(678)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 809px; z-index: 15;\">Net position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 809px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 809px; z-index: 15;\">942<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 809px; z-index: 15;\">664<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 809px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 809px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 809px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 809px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 809px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 809px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 809px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 809px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 809px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 795px; z-index: 15;\">Of which invested in subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 780px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">and equity associates</span> </div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 780px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 780px; z-index: 15;\">939<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 363px; bottom: 780px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 780px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 780px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 780px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 780px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 780px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 780px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 780px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 780px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 780px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1185 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1186 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1187 ff179 fs3a fc28 sc0 lsf4 ws10c\" style=\"z-index: 15;\">E. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"lsfd ws160\">PROPERTY RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1188 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y risk aris<span class=\"_ _0\"></span>es as a result of<span class=\"_ _0\"></span> sensitiv<span class=\"_ _0\"></span>ity of assets<span class=\"_ _0\"></span> and liab<span class=\"_ _0\"></span>ilities to</div>\n<div class=\"t m0 x7 h4f y1189 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the level o<span class=\"_ _0\"></span>r volatili<span class=\"_ _0\"></span>ty of market<span class=\"_ _0\"></span> prices of pr<span class=\"_ _2b\"></span>operty or their yiel<span class=\"_ _0\"></span>d.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y118a ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y118b ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For risk man<span class=\"_ _0\"></span>agement<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>purp<span class=\"_ _0\"></span>oses, Ag<span class=\"_ _0\"></span>eas defi<span class=\"_ _0\"></span>nes the exp<span class=\"_ _0\"></span>osure to rea<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x7 h4f y118c ff179 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estate b<span class=\"_ _0\"></span>ased on t<span class=\"_ _2b\"></span>he market val<span class=\"_ _0\"></span>ue of the<span class=\"_ _2b\"></span>se as<span class=\"wsf0\">sets, inclu<span class=\"_ _0\"></span>ding ass<span class=\"_ _0\"></span>ets held </span></div>\n<div class=\"t m0 x7 h4f y118d ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for own use a<span class=\"_ _0\"></span>nd IFRS 16 le<span class=\"_ _0\"></span>ase asset<span class=\"_ _0\"></span>s. The exp<span class=\"_ _0\"></span>osure consi<span class=\"_ _2b\"></span>dered differs</div>\n<div class=\"t m0 x7 h4f y118e ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">from the exp<span class=\"_ _2b\"></span>osure reported un<span class=\"_ _0\"></span>der IFRS def<span class=\"_ _2b\"></span>initions, whic<span class=\"_ _0\"></span>h exclud<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x1a h4f y118f ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unrealised ga<span class=\"_ _2\"></span>ins or losses. <span class=\"_ _2\"></span>The table below i<span class=\"_ _2\"></span>dentifies what Agea<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y1190 ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">considers e<span class=\"_ _2\"></span>conomic exposur<span class=\"ws103\">e to rea<span class=\"_ _2\"></span>l estate and how this is reconci<span class=\"_ _2\"></span>led </span></div>\n<div class=\"t m0 x1a h4f y1191 ff179 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the fi<span class=\"_ _2b\"></span>gures reported<span class=\"_ _0\"></span> under I<span class=\"_ _0\"></span>FRS.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1192 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1193 ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For interna<span class=\"_ _2\"></span>l risk management <span class=\"_ _2\"></span>purposes, Ageas appli<span class=\"_ _2\"></span>es an internal</div>\n<div class=\"t m0 x1a h4f y1194 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">model for re<span class=\"_ _2b\"></span>al estate in its main subs<span class=\"_ _2b\"></span>idiaries, in whic<span class=\"_ _2b\"></span>h real estate risk is</div>\n<div class=\"t m0 x1a h4f y1195 ff179 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">treate<span class=\"_ _0\"></span>d accordi<span class=\"_ _0\"></span>ng to t<span class=\"_ _0\"></span>he underl<span class=\"_ _2b\"></span>yi<span class=\"lse2 ws103\">ng econom<span class=\"_ _2\"></span>ic exposure, rather than </span></div>\n<div class=\"t m0 x1a h4f y1196 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS clas<span class=\"_ _0\"></span>sificat<span class=\"_ _0\"></span>ion of the ass<span class=\"_ _2b\"></span>ets.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1197 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1198 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff179 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x25f h52 y608 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 575px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y608 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 575px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Type of a<span class=\"_ _0\"></span>sset<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y603 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y603 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff17b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y608 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y608 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Investment properties (see not<span class=\"_ _0\"></span>e 11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 530px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 530px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 515px; z-index: 15;\">PP&amp;E: land and buildin<span class=\"_ _0\"></span>gs for own use and <span class=\"_ _2b\"></span>C<span class=\"_ _2\"></span>ar park<span class=\"_ _0\"></span>s (see note 16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 515px; z-index: 15;\">2,038<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 515px; z-index: 15;\">1,592<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 500px; z-index: 15;\">Property intended for sale (see note 15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 500px; z-index: 15;\">240<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 500px; z-index: 15;\">323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff17c fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 485px; z-index: 15;\">Total<span class=\"_ _2\"></span> (at amorti<span class=\"_ _2\"></span>sed cost)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 485px; z-index: 15;\">5,308<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 485px; z-index: 15;\">5,032<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 470px; z-index: 15;\">Real estate funds (at fair value)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 470px; z-index: 15;\">619<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 470px; z-index: 15;\">1,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff17c fs3c fc1f sc0 lsec ws100\" style=\"left: 69px; bottom: 455px; z-index: 15;\">Total<span class=\"_ _2\"></span> IFRS real<span class=\"_ _2\"></span> estate exp<span class=\"_ _2\"></span>osure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 455px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 455px; z-index: 15;\">6,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f7 ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f7 ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff17b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 426px; z-index: 15;\">Unrealised capital gain (<span class=\"_ _0\"></span>Economic exposure)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y5fc ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5fc ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 411px; z-index: 15;\">Investment properties (see not<span class=\"_ _0\"></span>e 11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 411px; z-index: 15;\">1,237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 411px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 396px; z-index: 15;\">PP&amp;E: land and buildin<span class=\"_ _0\"></span>gs for own use <span class=\"_ _0\"></span>(see note 16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 396px; z-index: 15;\">763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 396px; z-index: 15;\">723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff17c fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 381px; z-index: 15;\">Total Economic real <span class=\"_ _0\"></span>estate exposure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 381px; z-index: 15;\">7,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 381px; z-index: 15;\">8,027<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 370px; height: 736px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 370px; height: 736px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ff180 fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _2b\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff17e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">sh<span class=\"_ _2b\"></span>ows the gross i<span class=\"_ _0\"></span>mpact on t<span class=\"_ _0\"></span>he IFR<span class=\"_ _0\"></span>S income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent and<span class=\"_ _0\"></span> IFRS equ<span class=\"_ _2b\"></span>ity as the result<span class=\"_ _0\"></span> of a pr<span class=\"_ _0\"></span>operty<span class=\"_ _0\"></span> stress c<span class=\"_ _0\"></span>orrespo<span class=\"_ _2b\"></span>nding to a 1/3<span class=\"lse2 ws103\">0 return </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period (on<span class=\"_ _2\"></span> average 14%).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 501px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff17e fs3c fc1f sc0 lsef ws10a\" style=\"left: 501px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y608 ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 586px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff17e fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 577px; bottom: 1004px; z-index: 15;\">IFRS <span class=\"lse4 wsf4\">Equity<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19d h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 674px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 684px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff17e fs3c fc1f sc0 lsef ws10a\" style=\"left: 674px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y608 ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 758px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff17e fs3c fc1f sc0 lse4 wsf6\" style=\"left: 749px; bottom: 1004px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 713px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 973px; z-index: 15;\">Property risk downwards<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 973px; z-index: 15;\">(142)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 973px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 973px; z-index: 15;\">(203)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 973px; z-index: 15;\">(307)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1135 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1136 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1137 ff17e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">F. <span class=\"ls0 ws0\"> <span class=\"_ _46\"> </span><span class=\"ls104 ws116\">MARK<span class=\"_ _0\"></span>ET CONCENTRATI<span class=\"_ _2b\"></span>O<span class=\"_ _2\"></span>N RISK<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1138 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Market ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>centrat<span class=\"_ _0\"></span>ion refer<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>to ris<span class=\"_ _2b\"></span>ks stemming from a l<span class=\"_ _0\"></span>ack of</div>\n<div class=\"t m0 x7 h4f y1139 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">diversi<span class=\"_ _0\"></span>ficatio<span class=\"_ _0\"></span>n in the asset<span class=\"_ _0\"></span> portfoli<span class=\"_ _0\"></span>o stemmi<span class=\"_ _0\"></span>ng from a lar<span class=\"_ _0\"></span>ge expos<span class=\"_ _0\"></span>ure by a</div>\n<div class=\"t m0 x7 h4f y113a ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">single is<span class=\"_ _2\"></span>suer of securities<span class=\"_ _2\"></span> or a group of r<span class=\"_ _2\"></span>elated issuers.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y113b ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y113c ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Concentration<span class=\"_ _2\"></span> risk can arise <span class=\"_ _2\"></span>due to large aggrega<span class=\"_ _2\"></span>te exposures to<span class=\"_ _2\"></span> single</div>\n<div class=\"t m0 x7 h4f y113d ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">counte<span class=\"_ _0\"></span>rparties o<span class=\"_ _2b\"></span>r an aggregate of exp<span class=\"_ _0\"></span>osures to a nu<span class=\"_ _0\"></span>mber of pos<span class=\"_ _0\"></span>itively</div>\n<div class=\"t m0 x7 h4f y113e ff17e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">correlat<span class=\"ws103\">ed coun<span class=\"_ _2\"></span>terparties (i.e. tendency t<span class=\"_ _2\"></span>o default under similar </span></div>\n<div class=\"t m0 x7 h4f y113f ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">circumst<span class=\"_ _2b\"></span>ances) with t<span class=\"_ _2b\"></span>he potential t<span class=\"_ _0\"></span>o produc<span class=\"_ _2b\"></span>e a significa<span class=\"_ _0\"></span>nt <span class=\"lse2 wsf1\">number<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">of </span></span></span></div>\n<div class=\"t m0 x7 h4f y1140 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ents due to<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>a bankr<span class=\"_ _2b\"></span>uptcy or failure to p<span class=\"_ _0\"></span>ay. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1141 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1142 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Avoida<span class=\"_ _0\"></span>nce of co<span class=\"_ _0\"></span>ncentr<span class=\"_ _0\"></span>ation is t<span class=\"_ _0\"></span>herefo<span class=\"_ _0\"></span>re funda<span class=\"_ _0\"></span>mental<span class=\"_ _0\"></span> to <span class=\"lse2 wsf1\">Ageas</span><span class=\"lsfb\">'s<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">c<span class=\"_ _2\"></span>redit </span></span></span></div>\n<div class=\"t m0 x7 h4f y1143 ff17e fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">risk s<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">trat<span class=\"_ _0\"></span>egy of m<span class=\"_ _0\"></span>aintai<span class=\"_ _0\"></span>ning gr<span class=\"_ _0\"></span>anular, <span class=\"_ _0\"></span>liquid a<span class=\"_ _0\"></span>nd dive<span class=\"_ _0\"></span>rsified p<span class=\"_ _2b\"></span>ortfolios. </span></div>\n<div class=\"t m0 x7 h4f y1144 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Each loc<span class=\"_ _2b\"></span>al business is <span class=\"_ _0\"></span>respons<span class=\"_ _0\"></span>ible for<span class=\"_ _2b\"></span> its own counte<span class=\"_ _0\"></span>rparty<span class=\"_ _0\"></span> limits, t<span class=\"_ _2b\"></span>aking</div>\n<div class=\"t m0 x7 h4f y1145 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">into acco<span class=\"_ _0\"></span>unt its part<span class=\"_ _0\"></span>icular sit<span class=\"_ _2b\"></span>uation and any Gro<span class=\"_ _0\"></span>up requirem<span class=\"_ _2b\"></span>ents. Each</div>\n<div class=\"t m0 x7 h4f y1146 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">local bus<span class=\"_ _2b\"></span>iness is in ch<span class=\"_ _0\"></span>arge of c<span class=\"_ _2b\"></span>ontinuous <span class=\"lse2\">monitoring. Periodi<span class=\"_ _2\"></span>c reporting </span></div>\n<div class=\"t m0 x7 h4f y11a9 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">allows t<span class=\"_ _0\"></span>he Grou<span class=\"_ _2b\"></span>p to check thes<span class=\"_ _0\"></span>e limit<span class=\"_ _0\"></span>s and mon<span class=\"_ _2b\"></span>itor the overa<span class=\"_ _0\"></span>ll posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y11aa ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11ab ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">To mana<span class=\"_ _0\"></span>ge the c<span class=\"_ _0\"></span>oncentr<span class=\"_ _0\"></span>ation of<span class=\"_ _0\"></span> credi<span class=\"_ _0\"></span>t risk, <span class=\"_ _0\"></span>Ageas\u2019s i<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ent limits</div>\n<div class=\"t m0 x7 h4f y11ac ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">aim to s<span class=\"_ _0\"></span>pread th<span class=\"_ _0\"></span>e credit<span class=\"_ _0\"></span> risk ac<span class=\"_ _0\"></span>ross dif<span class=\"_ _2b\"></span>ferent secto<span class=\"_ _0\"></span>rs and co<span class=\"_ _0\"></span>untries<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x7 h4f y11ad ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas monit<span class=\"ws103\">o<span class=\"_ _2\"></span>rs its largest exposures to<span class=\"_ _2\"></span> individual entities, group<span class=\"_ _2\"></span>s of </span></div>\n<div class=\"t m0 x7 h4f y11ae ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compani<span class=\"_ _2b\"></span>es (Total One Oblig<span class=\"_ _0\"></span>or) and othe<span class=\"_ _0\"></span>r potent<span class=\"_ _0\"></span>ial concent<span class=\"_ _2b\"></span>rations such</div>\n<div class=\"t m0 x7 h4f y11af ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as sectors<span class=\"_ _0\"></span> and geogra<span class=\"_ _2b\"></span>phic areas to ensur<span class=\"_ _0\"></span>e adequat<span class=\"_ _0\"></span>e diversif<span class=\"_ _2b\"></span>ication and</div>\n<div class=\"t m0 x7 h4f y11b0 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">identif<span class=\"_ _0\"></span>icatio<span class=\"_ _0\"></span>n of signific<span class=\"_ _2b\"></span>ant concentrat<span class=\"_ _0\"></span>ion risk.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 554px; height: 377px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x1a h4f y11b1 ff17e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">G. <span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span>I<span class=\"ls104 ws116\">NFLATION RISK</span> </span></div>\n<div class=\"t m0 x1a h4f y11b2 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Inflati<span class=\"_ _0\"></span>on risk a<span class=\"_ _0\"></span>rises t<span class=\"_ _0\"></span>hrough t<span class=\"_ _0\"></span>he impa<span class=\"_ _0\"></span>ct of t<span class=\"_ _0\"></span>he level <span class=\"_ _0\"></span>or volati<span class=\"_ _2b\"></span>lity of inflat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y11b3 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rates on the v<span class=\"_ _0\"></span>alue of ass<span class=\"_ _0\"></span>ets &amp; liabil<span class=\"_ _0\"></span>ities.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11b4 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y11b5 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not activ<span class=\"_ _0\"></span>ely seek to tak<span class=\"_ _2b\"></span>e on inflation risk<span class=\"_ _0\"></span>; however,<span class=\"_ _0\"></span> it may</div>\n<div class=\"t m0 x1a h4f y11b6 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">choose to h<span class=\"_ _0\"></span>old assets<span class=\"_ _0\"></span> whose retu<span class=\"_ _2b\"></span>rns are expl<span class=\"wsfa\">icitly<span class=\"_ _0\"></span> linke<span class=\"_ _0\"></span>d to infl<span class=\"_ _0\"></span>ation. </span></div>\n<div class=\"t m0 x1a h4f y11b7 ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Moreover, <span class=\"_ _2\"></span>some insurance liabil<span class=\"_ _2\"></span>ities are expli<span class=\"_ _2\"></span>citly or implicitly<span class=\"_ _2\"></span> dependent</div>\n<div class=\"t m0 x1a h4f y11b8 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on inflat<span class=\"_ _0\"></span>ion rates.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Inflatio<span class=\"_ _0\"></span>n risk can man<span class=\"_ _2b\"></span>ifest in differen<span class=\"_ _0\"></span>t ways, suc<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>as </span></span></div>\n<div class=\"t m0 x1a h4f y11b9 ff17e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">higher than ant<span class=\"_ _2\"></span>icipated expenses and claims<span class=\"_ _2\"></span> costs. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11ba ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y11bb ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life insu<span class=\"_ _0\"></span>rance obl<span class=\"_ _0\"></span>igatio<span class=\"lse2 ws103\">ns are typically expressed in nom<span class=\"_ _2\"></span>inal terms, </span></div>\n<div class=\"t m0 x1a h4f y11bc ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">however f<span class=\"_ _2b\"></span>or Non<span class=\"ls0 ws0\">-</span>Life and H<span class=\"_ _0\"></span>ealth li<span class=\"_ _2b\"></span>nes inflation c<span class=\"_ _2b\"></span>an result in cl<span class=\"_ _0\"></span>aims th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x1a h4f y11bd ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are high<span class=\"_ _2b\"></span>er than assumed <span class=\"_ _2b\"></span>in terms of pric<span class=\"_ _0\"></span>ing. Th<span class=\"_ _0\"></span>is can b<span class=\"_ _0\"></span>e mitig<span class=\"_ _0\"></span>ated</div>\n<div class=\"t m0 x1a h4f y11be ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through pe<span class=\"_ _2\"></span>riodic review of prod<span class=\"_ _2\"></span>uct pricing and<span class=\"_ _2\"></span> through controls <span class=\"_ _2\"></span>in the<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11bf ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">claims mana<span class=\"_ _2\"></span>gement process.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11c0 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y11c1 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Where A<span class=\"_ _0\"></span>geas co<span class=\"_ _0\"></span>nsiders<span class=\"_ _0\"></span> that th<span class=\"_ _0\"></span>e inflat<span class=\"_ _0\"></span>ion risk <span class=\"_ _2b\"></span>is not adequate<span class=\"_ _0\"></span>ly cove<span class=\"_ _0\"></span>red</div>\n<div class=\"t m0 x1a h4f y11c2 ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">in under <span class=\"_ _2\"></span>the regulatory capi<span class=\"_ _2\"></span>tal regime<span class=\"ls0 ws0\"> </span><span class=\"ws103\">or through<span class=\"_ _2\"></span> indirect methods<span class=\"lsf4 ws0\">, it </span></span></div>\n<div class=\"t m0 x1a h4f y11c3 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">may consi<span class=\"_ _0\"></span>der an <span class=\"lse2 wsfa\">explicit add<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span>on fo<span class=\"_ _0\"></span>r inflati<span class=\"_ _0\"></span>on risk unde<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>Pill<span class=\"_ _2b\"></span>ar II.<span class=\"ls0 ws0\"> T<span class=\"_ _2\"></span><span class=\"ls106 ws10c\">his is </span></span></div>\n<div class=\"t m0 x1a h4f y11c4 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">current<span class=\"_ _0\"></span>ly done in cou<span class=\"_ _0\"></span>ntries wit<span class=\"_ _2b\"></span>h material inflat<span class=\"_ _2b\"></span>ion risk related to an<span class=\"_ _0\"></span>nuities<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y11c5 ff17e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">stemming from<span class=\"_ _2\"></span> Workmen\u2019s Compensation policies<span class=\"_ _2\"></span>.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 553px; height: 553px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 553px; height: 553px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff183 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he concent<span class=\"_ _2b\"></span>ration of credit ri<span class=\"_ _0\"></span>sk as at 31 Dec<span class=\"_ _0\"></span>ember by typ<span class=\"_ _0\"></span>e and by<span class=\"ls0 ws0\"> </span>locat<span class=\"_ _0\"></span>ion of the Ageas<span class=\"_ _0\"></span> entity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 1065px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 1050px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 1035px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 1050px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 1035px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 1050px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 1035px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 1050px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x164 h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 1035px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 1035px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y603 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 1035px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 1005px; z-index: 15;\">27,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 1005px; z-index: 15;\">12,865<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 1005px; z-index: 15;\">9,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 1005px; z-index: 15;\">1,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 1005px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1005px; z-index: 15;\">50,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 990px; z-index: 15;\">3,832<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 990px; z-index: 15;\">2,246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 990px; z-index: 15;\">2,211<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 990px; z-index: 15;\">119<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">8,408<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 975px; z-index: 15;\">3,504<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 975px; z-index: 15;\">1,402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 975px; z-index: 15;\">653<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f4 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 975px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">5,645<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 960px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 960px; z-index: 15;\">328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 960px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 960px; z-index: 15;\">1,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f2 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 960px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">2,763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 945px; z-index: 15;\">766<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 945px; z-index: 15;\">417<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 513px; bottom: 945px; z-index: 15;\">7</div>\n<div class=\"t m0 x52 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 606px; bottom: 945px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 945px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,204<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 931px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 931px; z-index: 15;\">756<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 931px; z-index: 15;\">226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f9 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f9 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 931px; z-index: 15;\">1,445<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">General Account and elimina<span class=\"_ _0\"></span>tions*<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 916px; z-index: 15;\">693<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 916px; z-index: 15;\">(1,570)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 916px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 916px; z-index: 15;\">(800)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y656 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 901px; z-index: 15;\">32,214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 901px; z-index: 15;\">16,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 901px; z-index: 15;\">10,001<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 901px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 901px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 901px; z-index: 15;\">61,208<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y63a ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 ydd0 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 854px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 839px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 290px; bottom: 824px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 839px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 824px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 839px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 824px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 839px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 824px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 824px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 824px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 794px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 794px; z-index: 15;\">33,435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 794px; z-index: 15;\">15,281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 794px; z-index: 15;\">7,924<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 794px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 794px; z-index: 15;\">78<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 794px; z-index: 15;\">58,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 779px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 779px; z-index: 15;\">6,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 779px; z-index: 15;\">3,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 779px; z-index: 15;\">2,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 779px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 779px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 779px; z-index: 15;\">12,925<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 764px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 764px; z-index: 15;\">4,330<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 764px; z-index: 15;\">1,747<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 764px; z-index: 15;\">661<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y605 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 764px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 764px; z-index: 15;\">60<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 764px; z-index: 15;\">6,798<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 749px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 749px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 749px; z-index: 15;\">1,142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 749px; z-index: 15;\">1,708<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y603 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 749px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 749px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 749px; z-index: 15;\">3,228<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 734px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 734px; z-index: 15;\">2,014<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 734px; z-index: 15;\">792<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 734px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 734px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 734px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 734px; z-index: 15;\">2,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 719px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 719px; z-index: 15;\">4</div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 719px; z-index: 15;\">8</div>\n<div class=\"t m0 x30 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 719px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 705px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 705px; z-index: 15;\">522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 705px; z-index: 15;\">979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 705px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 705px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f2 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 705px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 705px; z-index: 15;\">1,737<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 690px; z-index: 15;\">General Account and elimina<span class=\"_ _0\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 690px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 690px; z-index: 15;\">1,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 690px; z-index: 15;\">(1,516)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 690px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 690px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 690px; z-index: 15;\">(313)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 675px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 675px; z-index: 15;\">40,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 675px; z-index: 15;\">21,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 496px; bottom: 675px; z-index: 15;\">9,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 675px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 675px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 675px; z-index: 15;\">72,760<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y11dc ff185 fs3f fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">* <span class=\"_ _1af\"> </span><span class=\"lsf1 ws107\">The line \u2018General Account and eliminations\u2019 is mainly linked to the reinsurance programme</span> <span class=\"lsf1 ws107\">and Group Treasur<span class=\"_ _2\"></span>y.</span> </div>\n<div class=\"t m0 x7 h4f y11dd ff183 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11de ff183 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y11df ff183 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es inform<span class=\"_ _2b\"></span>ation on the co<span class=\"_ _2b\"></span>ncentration of<span class=\"_ _0\"></span> credit r<span class=\"_ _2b\"></span>isk as at 31 Dec<span class=\"_ _2b\"></span>ember by type an<span class=\"_ _2b\"></span>d location of <span class=\"lse2 wsf1\">counterparty.<span class=\"ls0 ws0\"> </span></span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 550px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 580px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff183 fs3c fc1f sc0 ls0 ws0\" style=\"left: 287px; bottom: 565px; z-index: 15;\"> <span class=\"lse4 wsf3\">and official </span> </div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 550px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 565px; z-index: 15;\">Credit <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 383px; bottom: 550px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 565px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 550px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 565px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 550px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 550px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f9 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 550px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 520px; z-index: 15;\">16,534<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 520px; z-index: 15;\">1,769<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 520px; z-index: 15;\">2,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 520px; z-index: 15;\">1,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 520px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 520px; z-index: 15;\">22,833<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 505px; z-index: 15;\">14,857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 505px; z-index: 15;\">11,864<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 505px; z-index: 15;\">7,212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 505px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 505px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 505px; z-index: 15;\">34,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 490px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 490px; z-index: 15;\">4,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 490px; z-index: 15;\">3,009<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 490px; z-index: 15;\">1,428<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 490px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 490px; z-index: 15;\">1</div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 490px; z-index: 15;\">8,715<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 475px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 475px; z-index: 15;\">1,580<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 475px; z-index: 15;\">324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 475px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 475px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 475px; z-index: 15;\">2,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 460px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 460px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 460px; z-index: 15;\">1,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 460px; z-index: 15;\">803<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 460px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 460px; z-index: 15;\">2,303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 445px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 445px; z-index: 15;\">8,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 445px; z-index: 15;\">7,273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 445px; z-index: 15;\">4,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y647 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 606px; bottom: 445px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 445px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 445px; z-index: 15;\">20,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 430px; z-index: 15;\">764<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 430px; z-index: 15;\">818<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 430px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 430px; z-index: 15;\">4</div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 430px; z-index: 15;\">1,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Other countries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 323px; bottom: 416px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 416px; z-index: 15;\">2,526<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 416px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 416px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 416px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 416px; z-index: 15;\">2,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 401px; z-index: 15;\">32,214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 401px; z-index: 15;\">16,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 401px; z-index: 15;\">10,001<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 401px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 401px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 401px; z-index: 15;\">61,208<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 324px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y608 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 354px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 339px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 324px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 339px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 324px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 339px; z-index: 15;\">Corporate <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 324px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 339px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 324px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 324px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f2 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 324px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 293px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 293px; z-index: 15;\">20,604<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 293px; z-index: 15;\">2,308<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 293px; z-index: 15;\">2,343<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 293px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 293px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 293px; z-index: 15;\">27,102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 279px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 279px; z-index: 15;\">19,935<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 279px; z-index: 15;\">14,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 279px; z-index: 15;\">6,635<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 279px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 279px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 279px; z-index: 15;\">41,600<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 264px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 264px; z-index: 15;\">6,193<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 264px; z-index: 15;\">4,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 264px; z-index: 15;\">1,362<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 264px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 264px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 264px; z-index: 15;\">11,862<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 249px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 249px; z-index: 15;\">2,530<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 249px; z-index: 15;\">255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 249px; z-index: 15;\">241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 249px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 249px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 249px; z-index: 15;\">3,047<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 234px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 234px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 234px; z-index: 15;\">1,415<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 234px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 234px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 234px; z-index: 15;\">2,592<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 219px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 219px; z-index: 15;\">10,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 219px; z-index: 15;\">8,992<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 219px; z-index: 15;\">4,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 219px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 219px; z-index: 15;\">24,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 204px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 204px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 204px; z-index: 15;\">493<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 204px; z-index: 15;\">65<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 204px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 204px; z-index: 15;\">2</div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 204px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 190px; z-index: 15;\">Other countries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 190px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 190px; z-index: 15;\">3,323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 190px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y601 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 190px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 190px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 190px; z-index: 15;\">3,498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 175px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 175px; z-index: 15;\">40,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 175px; z-index: 15;\">21,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 496px; bottom: 175px; z-index: 15;\">9,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 175px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 175px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 175px; z-index: 15;\">72,760<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 164px; height: 942px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 164px; height: 942px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 164px; height: 942px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag445": {
   "value": "\n<div class=\"t m0 x1a h55 y10f7 ff16a fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.1.1 <span class=\"ls0 ws0\"> <span class=\"_\"> </span></span><span class=\"wsf0\">Market risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y10f8 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Market <span class=\"_ _0\"></span>risk aris<span class=\"_ _2b\"></span>es from advers<span class=\"_ _0\"></span>e chang<span class=\"_ _0\"></span>e in the f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al situ<span class=\"lse2 wsf1\">ation </span></div>\n<div class=\"t m0 x1a h4f y10f9 ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">resulti<span class=\"_ _0\"></span>ng, dir<span class=\"_ _0\"></span>ectly or i<span class=\"_ _0\"></span>ndirect<span class=\"_ _0\"></span>ly, fro<span class=\"_ _0\"></span>m fluct<span class=\"_ _0\"></span>uations <span class=\"_ _2b\"></span>in the level and <span class=\"_ _0\"></span>in the</div>\n<div class=\"t m0 x1a h4f y10fa ff168 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of mark<span class=\"_ _0\"></span>et prices of<span class=\"_ _0\"></span> assets an<span class=\"_ _0\"></span>d liabilit<span class=\"_ _0\"></span>ies. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y10fb ff168 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">It is com<span class=\"_ _0\"></span>posed of<span class=\"_ _0\"></span> the foll<span class=\"_ _2b\"></span>owing sub<span class=\"ls0 ws0\">-<span class=\"lse1 wsf0\">risks:</span> </span></div>\n<div class=\"t m0 x1a h4f y10fc ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">a.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span></span><span class=\"wsf0\">interes<span class=\"_ _0\"></span>t rate risk<span class=\"_ _0\"></span>;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y10fd ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">b.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span><span class=\"lse2 wsfa\">equity ri<span class=\"_ _2\"></span>sk;</span> </span></div>\n<div class=\"t m0 x1a h4f y10fe ff168 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">c.<span class=\"ls0 ws0\"> <span class=\"_ _185\"> </span><span class=\"lse2 ws103\">spread ri<span class=\"_ _2\"></span>sk.</span> </span></div>\n<div class=\"t m0 x1a h4f y10ff ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">d.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span><span class=\"lse1 ws11d\">currency risk;</span> </span></div>\n<div class=\"t m0 x1a h4f y1100 ff168 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">e.<span class=\"ls0 ws0\"> <span class=\"_ _175\"> </span><span class=\"lse2 ws103\">property risk<span class=\"_ _2\"></span>;</span> </span></div>\n<div class=\"t m0 x1a h4f y1101 ff168 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">f.<span class=\"ls0 ws0\"> <span class=\"_ _1f1\"> </span><span class=\"lse0 wsf0\">mark<span class=\"_ _0\"></span>et risk conc<span class=\"_ _0\"></span>entrat<span class=\"_ _0\"></span>ion<span class=\"ls0 ws0\">; </span></span></span></div>\n<div class=\"t m0 x1a h4f y1102 ff168 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">g. <span class=\"ls0 ws0\"> <span class=\"_ _13b\"> </span><span class=\"lse0 wsfa\">inflat<span class=\"_ _0\"></span>ion risk<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x1a h4f y1103 ff168 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1104 ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The sensitivit<span class=\"_ _2\"></span>ies presented in this note exc<span class=\"_ _2\"></span>lude the impact in non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f yaaa ff168 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">controlled par<span class=\"_ _2\"></span>ticipations.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 315px; height: 241px; width: 335px; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff16e fs3a fc1f sc0 ls107 ws122\" style=\"z-index: 15;\">A.<span class=\"ls0 ws0\"> <span class=\"_ _210\"> </span></span><span class=\"ws11c\">INTER<span class=\"_ _0\"></span>EST RAT<span class=\"_ _0\"></span>E RISK<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span> rate risk ex<span class=\"_ _2b\"></span>ists for all <span class=\"wsfa\">assets a<span class=\"_ _0\"></span>nd liab<span class=\"_ _0\"></span>ilities s<span class=\"_ _2b\"></span>ensitive to cha<span class=\"_ _2b\"></span>nges </span></div>\n<div class=\"t m0 x7 h4f y804 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the t<span class=\"_ _0\"></span>erm stru<span class=\"_ _0\"></span>cture of<span class=\"_ _0\"></span> interest<span class=\"_ _0\"></span> rates<span class=\"_ _0\"></span> or inte<span class=\"_ _0\"></span>rest rat<span class=\"_ _0\"></span>e volati<span class=\"_ _2b\"></span>lity. This</div>\n<div class=\"t m0 x7 h4f y805 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">applies t<span class=\"_ _0\"></span>o both real<span class=\"_ _0\"></span> and nomina<span class=\"_ _0\"></span>l term struc<span class=\"_ _0\"></span>tures. Th<span class=\"_ _2b\"></span>e risk arises as a</div>\n<div class=\"t m0 x7 h4f y806 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result of a mi<span class=\"_ _0\"></span>smatch bet<span class=\"_ _2b\"></span>ween the sensitiv<span class=\"_ _0\"></span>ity of asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilit<span class=\"wsfa\">ies t<span class=\"_ _2b\"></span>o </span></div>\n<div class=\"t m0 x7 h4f y807 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes i<span class=\"_ _0\"></span>n interest<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>rates<span class=\"_ _0\"></span> and associ<span class=\"_ _2b\"></span>ated volatility<span class=\"_ _0\"></span>, which can adv<span class=\"_ _2b\"></span>ersely</div>\n<div class=\"t m0 x7 h4f y808 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">impact the<span class=\"_ _2\"></span> earnings and sol<span class=\"_ _2\"></span>vency position.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80a ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas mea<span class=\"_ _0\"></span>sures, mo<span class=\"_ _2b\"></span>nitors and contr<span class=\"_ _0\"></span>ols its inte<span class=\"_ _0\"></span>rest rate ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>usi<span class=\"_ _2b\"></span>ng a</div>\n<div class=\"t m0 x7 h4f y80b ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">number of in<span class=\"_ _2b\"></span>dicators includ<span class=\"_ _0\"></span>ing cash fl<span class=\"_ _0\"></span>ow mismat<span class=\"_ _0\"></span>ch analy<span class=\"_ _0\"></span>sis and <span class=\"lse1\">stress </span></div>\n<div class=\"t m0 x1a h4f yc3c ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">testing. <span class=\"_ _2\"></span>The investment and<span class=\"_ _2\"></span> ALM policies usual<span class=\"_ _2\"></span>ly require close ma<span class=\"_ _2\"></span>tching</div>\n<div class=\"t m0 x1a h4f yd61 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">unless sp<span class=\"_ _0\"></span>ecifica<span class=\"_ _0\"></span>lly approv<span class=\"_ _2b\"></span>ed otherwise. Lon<span class=\"_ _0\"></span>ger<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term busine<span class=\"_ _2\"></span>ss can be </span></span></div>\n<div class=\"t m0 x1a h4f yd62 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">difficult<span class=\"_ _0\"></span> to match due t<span class=\"_ _0\"></span>o lack of ava<span class=\"_ _0\"></span>ilabilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>of su<span class=\"_ _0\"></span>itable as<span class=\"_ _2b\"></span>sets. The</div>\n<div class=\"t m0 x1a h4f yd63 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">matchi<span class=\"_ _0\"></span>ng strateg<span class=\"_ _0\"></span>y will be det<span class=\"_ _2b\"></span>ermined taking int<span class=\"_ _2b\"></span>o account risk appet<span class=\"_ _0\"></span>ite,</div>\n<div class=\"t m0 x1a h4f yd64 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">availab<span class=\"_ _0\"></span>ility of (l<span class=\"_ _0\"></span>ong<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">term) as<span class=\"_ _2b\"></span>sets, current<span class=\"_ _0\"></span> and pros<span class=\"_ _2b\"></span>pective mark<span class=\"_ _0\"></span>et rates </span></div>\n<div class=\"t m0 x1a h4f yd65 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and level<span class=\"_ _2\"></span>s of guarantee. Deri<span class=\"_ _2\"></span>vatives are sometime<span class=\"_ _2\"></span>s used to hedge<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f yd66 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rate risk.<span class=\"_ _0\"></span> Note that lo<span class=\"_ _0\"></span>w interes<span class=\"_ _0\"></span>t rates have be<span class=\"_ _2b\"></span>en defined as a</div>\n<div class=\"t m0 x1a h4f yd67 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">strategic r<span class=\"_ _2\"></span>i<span class=\"lse0\">sk w<span class=\"_ _0\"></span>ith focus<span class=\"_ _0\"></span> on fixe<span class=\"_ _2b\"></span>d/variable cos<span class=\"_ _0\"></span>t struct<span class=\"_ _2b\"></span>ure.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yc45 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc46 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc47 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below shows t<span class=\"_ _0\"></span>he gros<span class=\"_ _0\"></span>s impact <span class=\"_ _0\"></span>on the IF<span class=\"_ _0\"></span>RS inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement an<span class=\"_ _0\"></span>d IFRS <span class=\"_ _0\"></span>equity <span class=\"_ _0\"></span>as a result<span class=\"_ _0\"></span> of a dec<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span> in the int<span class=\"_ _2b\"></span>erest<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">rates for<span class=\"_ _2\"></span> consolidated </span></span></div>\n<div class=\"t m0 x7 h4f yc48 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">entitie<span class=\"_ _0\"></span>s. An upwa<span class=\"_ _0\"></span>rds/dow<span class=\"_ _0\"></span>nw<span class=\"lse2 wsfa\">ards shock is<span class=\"_ _2\"></span> applied, correspond<span class=\"_ _2\"></span>ing to a 1/30 <span class=\"_ _2\"></span>years return peri<span class=\"_ _2\"></span>od (around 75bps on<span class=\"_ _2\"></span> average). Some en<span class=\"_ _2\"></span>tities use a <span class=\"_ _2\"></span>simplified </span></div>\n<div class=\"t m0 x7 h4f yc49 ff16e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">method <span class=\"ls0 ws0\">w<span class=\"_ _2\"></span>h</span>ere<span class=\"ls0 ws0\"> </span><span class=\"ws103\">a paral<span class=\"_ _2\"></span>lel stress of 100bps is consid<span class=\"_ _2\"></span>ered.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws10a\" style=\"left: 501px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">on</span> </span></div>\n<div class=\"t m0 x261 h52 y603 ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 815px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span>statement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 844px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws10a\" style=\"left: 586px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t <span class=\"ls0 ws0\">on </span></div>\n<div class=\"t m0 x152 h52 y603 ff16e fs3c fc1f sc0 lse8 ws10b\" style=\"left: 577px; bottom: 815px; z-index: 15;\">IFRS<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">Equity</span> </span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws10a\" style=\"left: 672px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">on</span> </span></div>\n<div class=\"t m0 x261 h52 y603 ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 640px; bottom: 815px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span>statement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 844px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff16e fs3c fc1f sc0 lsef ws102\" style=\"left: 758px; bottom: 830px; z-index: 15;\">Impac<span class=\"_ _2\"></span>t o<span class=\"ls0 ws0\">n </span></div>\n<div class=\"t m0 x152 h52 y603 ff16e fs3c fc1f sc0 lse8 ws10b\" style=\"left: 749px; bottom: 815px; z-index: 15;\">IFRS<span class=\"ls0 ws0\"> <span class=\"lse4 wsf4\">Equity</span> </span></div>\n<div class=\"t m0 x14d h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 799px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff16e fs3c fc14 sc0 lse7 ws109\" style=\"left: 69px; bottom: 784px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st <span class=\"ls0 ws0\">- <span class=\"lsef ws102\">r<span class=\"_ _2\"></span>ate down</span> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 784px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 784px; z-index: 15;\">1,841<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 784px; z-index: 15;\">4</div>\n<div class=\"t m0 x24 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 784px; z-index: 15;\">396<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff16e fs3c fc14 sc0 lse7 ws109\" style=\"left: 69px; bottom: 770px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st <span class=\"ls0 ws0\">- <span class=\"lsef ws102\">r<span class=\"_ _2\"></span>ate up</span> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 770px; z-index: 15;\">(67)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f2 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 770px; z-index: 15;\">(2,224)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff16e fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 770px; z-index: 15;\">2</div>\n<div class=\"t m0 x11e h52 y5f2 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 770px; z-index: 15;\">(1,407)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y110c ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y110d ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y110e ff16e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">B. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"lsfc ws121\">EQUITY<span class=\"_ _2\"></span> RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y110f ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Equity ri<span class=\"_ _0\"></span>sk arises f<span class=\"_ _0\"></span>rom the se<span class=\"_ _0\"></span>nsitivit<span class=\"_ _0\"></span>y of assets a<span class=\"_ _0\"></span>nd liabil<span class=\"_ _0\"></span>ities and</div>\n<div class=\"t m0 x7 h4f y1110 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s to chan<span class=\"_ _0\"></span>ges in th<span class=\"_ _2b\"></span>e level or volat<span class=\"_ _2b\"></span>ility of market<span class=\"_ _0\"></span> prices</div>\n<div class=\"t m0 x7 h4f y1111 ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">for equit<span class=\"_ _2b\"></span>ies or their y<span class=\"_ _0\"></span>ield, wh<span class=\"_ _2b\"></span>ich can impact <span class=\"_ _0\"></span>earnings<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>he solven<span class=\"_ _2b\"></span>cy</div>\n<div class=\"t m0 x7 h4f y1112 ff16e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">position. <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1113 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1114 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This risk is c<span class=\"_ _0\"></span>ontrol<span class=\"_ _0\"></span>led t<span class=\"lse2 ws103\">hrough limit setting b<span class=\"_ _2\"></span>ased on the risk appetite and<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1115 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by invest<span class=\"_ _0\"></span>ment polic<span class=\"_ _2b\"></span>ies that require a ran<span class=\"_ _0\"></span>ge of contr<span class=\"_ _0\"></span>ols to be in plac<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1116 ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">includi<span class=\"_ _0\"></span>ng the acti<span class=\"_ _0\"></span>on that will b<span class=\"_ _0\"></span>e taken in the ev<span class=\"_ _2b\"></span>ent of significan<span class=\"_ _0\"></span>t</div>\n<div class=\"t m0 x1a h4f y1117 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">decreases i<span class=\"_ _2\"></span>n value. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1118 ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1119 ff16e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For risk<span class=\"_ _2\"></span> management purposes<span class=\"_ _2\"></span>, Ageas bases i<span class=\"lsf4 ws114\">ts definition<span class=\"_ _2\"></span> of equity </span></div>\n<div class=\"t m0 x1a h4f y111a ff16e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exposur<span class=\"_ _2b\"></span>e on <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e economi<span class=\"_ _0\"></span>c reality of<span class=\"_ _0\"></span> underly<span class=\"_ _0\"></span>ing asset<span class=\"_ _0\"></span>s and risks<span class=\"_ _0\"></span>. Takin<span class=\"_ _0\"></span>g</div>\n<div class=\"t m0 x1a h4f y111b ff16e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">a risk<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">based appro<span class=\"_ _0\"></span>ach; the t<span class=\"_ _2b\"></span>otal economic<span class=\"_ _0\"></span> exposu<span class=\"_ _0\"></span>re to equ<span class=\"_ _0\"></span>ities at<span class=\"_ _0\"></span> fair </span></span></div>\n<div class=\"t m0 x1a h4f y111c ff16e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value is<span class=\"_ _0\"></span> given i<span class=\"_ _0\"></span>n the tab<span class=\"_ _2b\"></span>le below toget<span class=\"_ _2b\"></span>her with the rec<span class=\"_ _2b\"></span>onciliation t<span class=\"_ _0\"></span>o the</div>\n<div class=\"t m0 x1a h4f y111d ff16e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">IFRS reported f<span class=\"_ _2\"></span><span class=\"wsf1\">igures.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y111e ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y111f ff16e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x130 h52 y60e ff16e fs3c fc1f sc0 ls0 ws0\" style=\"left: 453px; bottom: 565px; z-index: 15;\"> </div>\n<div class=\"t m0 x25f h52 y60e ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 565px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff16e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 565px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff16e fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Type of a<span class=\"_ _0\"></span>sset<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5f9 ff16e fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f9 ff171 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Direct equity investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 534px; z-index: 15;\">2,799<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 534px; z-index: 15;\">3,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Equity funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 520px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 520px; z-index: 15;\">916<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Private equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 505px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 505px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 490px; z-index: 15;\">Asset allocation funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 490px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 490px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff170 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 475px; z-index: 15;\">Total Economic equity exposure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 475px; z-index: 15;\">3,622<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 475px; z-index: 15;\">4,204<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 460px; z-index: 15;\">Debt funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 460px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 460px; z-index: 15;\">424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff16e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 445px; z-index: 15;\">Money market funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y647 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 445px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 445px; z-index: 15;\">221<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Real estate funds (SIC<span class=\"_ _0\"></span>AFI/REITS)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 430px; z-index: 15;\">619<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 430px; z-index: 15;\">1,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff170 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Total IFRS equity exposure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y608 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 416px; z-index: 15;\">4,461<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y608 ff170 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 416px; z-index: 15;\">5,872<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff16e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 401px; z-index: 15;\">of which:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y603 ff170 fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y603 ff16e fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 386px; z-index: 15;\">Available for Sale (see no<span class=\"_ _0\"></span>te 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 386px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 386px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 371px; z-index: 15;\">Held at Fair Value (see<span class=\"_ _0\"></span> note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 371px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff16e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 371px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 360px; height: 746px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ff175 fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _2b\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> shows <span class=\"lse0 wsf0\">the gr<span class=\"_ _0\"></span>oss impact<span class=\"_ _0\"></span> on the IFRS inc<span class=\"_ _2b\"></span>ome statement and<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>IFR<span class=\"_ _0\"></span>S equity as the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>resul<span class=\"_ _0\"></span>t of an equity<span class=\"_ _0\"></span> shock corr<span class=\"_ _0\"></span>espond<span class=\"_ _0\"></span>ing to a 1/30 ye<span class=\"_ _0\"></span>ars </span></div>\n<div class=\"t m0 x7 h4f y804 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">return period dow<span class=\"_ _2\"></span>n (around 30% for EAA listed equ<span class=\"_ _2\"></span>ities) for consolidat<span class=\"_ _2\"></span>ed entities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 501px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y608 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 501px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 586px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 577px; bottom: 1004px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 672px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y608 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 672px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 758px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 749px; bottom: 1004px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 973px; z-index: 15;\">Equity risk downwards<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 973px; z-index: 15;\">(340)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 973px; z-index: 15;\">(967)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 973px; z-index: 15;\">(281)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 973px; z-index: 15;\">(1,262)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1135 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1136 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1137 ff173 fs3a fc28 sc0 ls104 ws126\" style=\"z-index: 15;\">C.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lsfd ws120\">SPREAD RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1138 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Spread r<span class=\"_ _2b\"></span>isk results fro<span class=\"_ _0\"></span>m the s<span class=\"_ _0\"></span>ensitivit<span class=\"_ _2b\"></span>y of the value of<span class=\"_ _0\"></span> assets <span class=\"_ _0\"></span>and</div>\n<div class=\"t m0 x7 h4f y1139 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liabilities and<span class=\"_ _2\"></span> financial instruments to<span class=\"_ _2\"></span> changes in the level or in th<span class=\"_ _2\"></span>e</div>\n<div class=\"t m0 x7 h4f y113a ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity of s<span class=\"_ _0\"></span>preads ov<span class=\"_ _2b\"></span>er the risk<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">free int<span class=\"_ _0\"></span>erest r<span class=\"_ _0\"></span>ate term st<span class=\"_ _0\"></span>ructure.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y113b ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y113c ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">A significant<span class=\"_ _2\"></span> portion of Ageas\u2019s liabili<span class=\"_ _2\"></span>ties are relatively illiquid<span class=\"_ _2\"></span>. Ageas</div>\n<div class=\"t m0 x7 h4f y113d ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">generally aims<span class=\"_ _2\"></span> to hold credit assets<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">to<span class=\"_ _0\"></span> maturit<span class=\"_ _0\"></span>y. This l<span class=\"_ _2b\"></span>imits the long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">ter<span class=\"_ _2\"></span>m </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y113e ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impact of<span class=\"_ _0\"></span> spread ri<span class=\"_ _0\"></span>sk signific<span class=\"_ _2b\"></span>antly because Ag<span class=\"_ _0\"></span>eas typic<span class=\"_ _0\"></span>ally hold<span class=\"_ _0\"></span>s these</div>\n<div class=\"t m0 x7 h4f y113f ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">assets t<span class=\"_ _0\"></span>o maturi<span class=\"_ _0\"></span>ty in li<span class=\"_ _2b\"></span>ne with its lon<span class=\"_ _0\"></span>g<span class=\"ls0 ws0\">-<span class=\"ls102 ws115\">term i<span class=\"_ _2\"></span>lliquid liabi<span class=\"_ _2\"></span>lities. Althoug<span class=\"_ _2\"></span>h </span></span></div>\n<div class=\"t m0 x7 h4f y1140 ff173 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">short<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">term v<span class=\"_ _2b\"></span>olatility can b<span class=\"_ _2b\"></span>e significant,<span class=\"_ _2b\"></span> it is unlikely t<span class=\"_ _0\"></span>hat Age<span class=\"_ _0\"></span>as<span class=\"ls0 ws0\"> </span>would b<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y1141 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">forced t<span class=\"_ _0\"></span>o sell at<span class=\"_ _0\"></span> distre<span class=\"_ _0\"></span>ssed pri<span class=\"_ _0\"></span>ces, eve<span class=\"_ _2b\"></span>n though Ageas<span class=\"_ _0\"></span> can cho<span class=\"_ _0\"></span>ose to</div>\n<div class=\"t m0 x7 h4f y1142 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liquida<span class=\"_ _0\"></span>te thes<span class=\"_ _0\"></span>e assets <span class=\"_ _2b\"></span>if it considers<span class=\"_ _0\"></span> this th<span class=\"_ _0\"></span>e best c<span class=\"_ _0\"></span>ourse of <span class=\"_ _2b\"></span>action.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1143 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1144 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For interna<span class=\"_ _2\"></span>l risk management <span class=\"_ _2\"></span>purposes, Ageas consi<span class=\"_ _2\"></span>ders the sensitivit<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h4f y1145 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to long<span class=\"ls0 ws0\">-</span><span class=\"lse2\">term fundamental s<span class=\"_ _2\"></span>pread ri<span class=\"lse1 ws104\">sk, similar to the Solvency II \u201c<span class=\"_ _0\"></span>Volatility </span></span></div>\n<div class=\"t m0 x7 h4f y1146 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Adjust<span class=\"_ _0\"></span>ment\u201d conc<span class=\"_ _0\"></span>ept, but tak<span class=\"_ _2b\"></span>ing into account its<span class=\"_ _0\"></span> specific<span class=\"_ _0\"></span> portfoli<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x1a h4f y1147 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">characteristi<span class=\"_ _2\"></span>cs. This is considered <span class=\"wsf1\">mor<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">in line wit<span class=\"_ _2b\"></span>h <span class=\"lse2 wsf1\">Ag<span class=\"_ _2\"></span>eas\u2019<span class=\"ls0 ws0\">s </span>busine<span class=\"_ _2\"></span>ss<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1148 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">model, where rea<span class=\"_ _2\"></span>lising capital losses is<span class=\"_ _2\"></span> generally avoided, compared<span class=\"_ _2\"></span> to</div>\n<div class=\"t m0 x1a h4f y1149 ff173 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">a <span class=\"lse2 ws103\">pure mark<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">to</span>-</span>market approach.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y114a ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas\u2019s s<span class=\"_ _2b\"></span>pread risk tr<span class=\"_ _0\"></span>eatment<span class=\"_ _0\"></span> in the SC<span class=\"_ _0\"></span>R</div>\n<div class=\"t m0 xaf h64 y114b ff173 fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 xb6 h4f y114c ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lsfb ws127\">is a<span class=\"_ _2\"></span>s follows:<span class=\"_ _2\"></span></span> </div>\n<div class=\"t m0 x1a h4f y114d ff177 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff178\"> <span class=\"_ _46\"> </span><span class=\"ff173 lse2 wsfa\">In<span class=\"_ _2\"></span>clusion of fundam<span class=\"_ _2\"></span>ental spread for E<span class=\"_ _2\"></span>U sovereign and e<span class=\"_ _2\"></span>quivalent </span></span></div>\n<div class=\"t m0 x25a h4f y114e ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">exposures; <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y114f ff177 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff178\"> <span class=\"_ _46\"> </span><span class=\"ff173 lse2 wsfa\">E<span class=\"_ _2\"></span>xclusion of non</span><span class=\"ff173\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fund<span class=\"_ _0\"></span>amental<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>spr<span class=\"_ _0\"></span>ead for other d<span class=\"_ _2b\"></span>ebt.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h55 y1150 ff175 fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _2b\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1151 ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"ws103\">sensi<span class=\"_ _2\"></span>tivities considered for the<span class=\"_ _2\"></span> impact of credit spread widen<span class=\"_ _2\"></span>ing on </span></div>\n<div class=\"t m0 x1a h4f y1152 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement an<span class=\"_ _2b\"></span>d IFRS equity d<span class=\"_ _0\"></span>epend on t<span class=\"_ _2b\"></span>he credit rat<span class=\"_ _0\"></span>ing and</div>\n<div class=\"t m0 x1a h4f y1153 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">duratio<span class=\"_ _0\"></span>n of the <span class=\"_ _0\"></span>asset con<span class=\"_ _2b\"></span>sidered. The<span class=\"_ _0\"></span>se stres<span class=\"_ _0\"></span>ses corr<span class=\"_ _2b\"></span>espond to a 1/3<span class=\"_ _0\"></span>0</div>\n<div class=\"t m0 x1a h4f y1154 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">return per<span class=\"_ _2\"></span>iod, and range be<span class=\"_ _2\"></span>tween +70bps for AAA<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">rate<span class=\"_ _2b\"></span>d assets to </span></div>\n<div class=\"t m0 x1a h4f y1155 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">+200bps <span class=\"_ _2\"></span>for BBB rated asset<span class=\"_ _2\"></span>s. Some operating <span class=\"_ _2\"></span>entities apply a</div>\n<div class=\"t m0 x1a h4f y1156 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">simplif<span class=\"_ _0\"></span>ied meth<span class=\"_ _0\"></span>od where th<span class=\"_ _0\"></span>e entire cr<span class=\"_ _0\"></span>edit portf<span class=\"_ _0\"></span>olio is sho<span class=\"_ _0\"></span>cked by</div>\n<div class=\"t m0 x1a h4f y1157 ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">+100bps.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1158 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1159 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y115a ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below shows t<span class=\"_ _0\"></span>he gros<span class=\"_ _0\"></span>s impact <span class=\"_ _0\"></span>on the IF<span class=\"_ _0\"></span>RS inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement an<span class=\"_ _0\"></span><span class=\"lse2 ws103\">d IFRS equity as th<span class=\"_ _2\"></span>e result of a spread sensi<span class=\"_ _2\"></span>tivity shock.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h52 y638 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 492px; bottom: 611px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 503px; bottom: 596px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 492px; bottom: 581px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y638 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 600px; bottom: 611px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 580px; bottom: 596px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y70b ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 571px; bottom: 581px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 668px; bottom: 611px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 679px; bottom: 596px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff173 fs3c fc1f sc0 lsef ws10a\" style=\"left: 668px; bottom: 581px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y638 ff173 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 611px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff173 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 757px; bottom: 596px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y70b ff173 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 748px; bottom: 581px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff176 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 708px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y60e ff175 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 551px; z-index: 15;\">Spread risk <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsf3\">Credit spread widening<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x15a h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 551px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 591px; bottom: 551px; z-index: 15;\">(1,004)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 551px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff173 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 551px; z-index: 15;\">(1,291)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h9b y1161 ff173 fs64 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1162 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1163 ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1164 ff173 fs3a fc1f sc0 ls104 ws126\" style=\"z-index: 15;\">D.<span class=\"ls0 ws0\"> <span class=\"_ _ee\"> </span><span class=\"lsfa ws11e\">CURRENCY<span class=\"_ _2\"></span> RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1165 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Currency<span class=\"_ _0\"></span> risk aris<span class=\"_ _0\"></span>es from the s<span class=\"_ _0\"></span>ensitiv<span class=\"_ _0\"></span>ity of asset<span class=\"_ _0\"></span>s and liabi<span class=\"_ _0\"></span>lities t<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x7 h4f y1166 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">changes in t<span class=\"_ _0\"></span>he level of cu<span class=\"_ _2b\"></span>rrency exchange rat<span class=\"_ _2b\"></span>es when there is a</div>\n<div class=\"t m0 x7 h4f y1167 ff173 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">mismatc<span class=\"_ _2b\"></span>h between the r<span class=\"_ _2b\"></span>elevant curre<span class=\"_ _0\"></span>ncy of t<span class=\"_ _0\"></span>he asset<span class=\"_ _0\"></span>s and lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span>. At</div>\n<div class=\"t m0 x7 h4f y1168 ff173 fs3a fc14 sc0 lsfd ws116\" style=\"z-index: 15;\">Gr<span class=\"lse0 wsf0\">oup level,<span class=\"_ _0\"></span> this includ<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>sit<span class=\"_ _2b\"></span>uations where Age<span class=\"_ _2b\"></span>as has assets (in </span></div>\n<div class=\"t m0 x7 h4f y1169 ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">subsidiaries and<span class=\"_ _2\"></span> equity associates) or liabi<span class=\"_ _2\"></span>lities (from funding) that<span class=\"_ _2\"></span> are</div>\n<div class=\"t m0 x7 h4f y116a ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-</span><span class=\"ws103\">euro deno<span class=\"_ _2\"></span>minated.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y116b ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y116c ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019s<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">i<span class=\"_ _2\"></span>nvestment policy lim<span class=\"_ _2\"></span>its this risk b<span class=\"_ _2\"></span>y requiring the cur<span class=\"_ _2\"></span>rency </span></div>\n<div class=\"t m0 x1a h4f y116d ff173 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">mismatch between a<span class=\"_ _2\"></span>ssets an<span class=\"ls102 ws115\">d liabilit<span class=\"_ _2\"></span>ies <span class=\"lsfc\">with<span class=\"_ _2\"></span>in<span class=\"ls0 ws0\"> </span></span></span>subsidiaries<span class=\"_ _2\"></span> to be</div>\n<div class=\"t m0 x1a h4f y116e ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">minimis<span class=\"_ _0\"></span>ed and in mos<span class=\"_ _0\"></span>t cases<span class=\"ls0 ws0\">, </span>it is elimi<span class=\"_ _2b\"></span>nated entirely. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y116f ff173 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1170 ff173 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019s<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">policy is not to hedg<span class=\"_ _0\"></span>e equity i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts and pe<span class=\"_ _0\"></span>rmanent </span></span></div>\n<div class=\"t m0 x1a h4f y1171 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">funding f<span class=\"_ _0\"></span>or subsidi<span class=\"_ _2b\"></span>aries and equity as<span class=\"_ _0\"></span>sociates i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>for<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>ency. Ag<span class=\"_ _0\"></span>eas</div>\n<div class=\"t m0 x1a h4f y1172 ff173 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accepts t<span class=\"_ _0\"></span>he misma<span class=\"_ _0\"></span>tch arisin<span class=\"_ _0\"></span>g from owne<span class=\"_ _0\"></span>rship of loc<span class=\"_ _0\"></span>al operat<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x1a h4f y1173 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">companies i<span class=\"_ _2\"></span>n non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">euro curre<span class=\"_ _0\"></span>ncies as a cons<span class=\"_ _0\"></span>equenc<span class=\"_ _0\"></span>e of being an </span></span></div>\n<div class=\"t m0 x1a h4f y1174 ff173 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">internationa<span class=\"_ _2\"></span>l group.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 366px; height: 740px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff179 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The main curren<span class=\"_ _2\"></span>cy risk exposures to foreign curren<span class=\"_ _2\"></span>cies as at 31<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">December</span> <span class=\"lse0 wsfa\">are st<span class=\"_ _2b\"></span>ated in the fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g table. T<span class=\"_ _2b\"></span>he exposures s<span class=\"_ _0\"></span>hown ar<span class=\"_ _2b\"></span>e net (assets mi<span class=\"_ _2b\"></span>nus </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">liabilities)<span class=\"_ _2\"></span>, after any hedgi<span class=\"_ _2\"></span>ng denominated in <span class=\"_ _2\"></span>euros<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff179 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1049px; z-index: 15;\">At 31 December 2022<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 259px; bottom: 1049px; z-index: 15;\">HKD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 307px; bottom: 1049px; z-index: 15;\">GBP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 354px; bottom: 1049px; z-index: 15;\">USD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 401px; bottom: 1049px; z-index: 15;\">CNY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 450px; bottom: 1049px; z-index: 15;\">INR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff179 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 492px; bottom: 1049px; z-index: 15;\">MYR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 542px; bottom: 1049px; z-index: 15;\">PHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 589px; bottom: 1049px; z-index: 15;\">THB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 636px; bottom: 1049px; z-index: 15;\">VND<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 682px; bottom: 1049px; z-index: 15;\">RON<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 731px; bottom: 1049px; z-index: 15;\">TRY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y601 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1049px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff17b fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff179 fs3c fc14 sc0 lse7 ws0\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Total a<span class=\"_ _0\"></span>ssets<span class=\"_ _0\"></span><span class=\"ls0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 1019px; z-index: 15;\">199<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 1019px; z-index: 15;\">3,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 1019px; z-index: 15;\">913<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 1019px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 443px; bottom: 1019px; z-index: 15;\">1,875<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 1019px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 1019px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 1019px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 1019px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 1019px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 1019px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 1019px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Total liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 268px; bottom: 1004px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 1004px; z-index: 15;\">2,596<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 367px; bottom: 1004px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 443px; bottom: 1004px; z-index: 15;\">1,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 697px; bottom: 1004px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 1004px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Total assets minus liabilities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 989px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 989px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 989px; z-index: 15;\">911<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 989px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 989px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 989px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 989px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 989px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 989px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 989px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 989px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 989px; z-index: 15;\">46<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc14 sc0 lse8 ws10b\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Off <span class=\"lse4 wsf4\">balance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 974px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 352px; bottom: 974px; z-index: 15;\">(435)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 959px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 959px; z-index: 15;\">589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 959px; z-index: 15;\">476<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 959px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 959px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 959px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 959px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 959px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 959px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 959px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 959px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 959px; z-index: 15;\">46<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Of which invested in subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">and equity associates</span> </div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 930px; z-index: 15;\">199<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 930px; z-index: 15;\">730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 363px; bottom: 930px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 930px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 930px; z-index: 15;\">420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 930px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 930px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 930px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 930px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 930px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 930px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f4 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff179 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 899px; z-index: 15;\">At 31 December 2021<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 259px; bottom: 899px; z-index: 15;\">HKD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 307px; bottom: 899px; z-index: 15;\">GBP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 354px; bottom: 899px; z-index: 15;\">USD<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 401px; bottom: 899px; z-index: 15;\">CNY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 450px; bottom: 899px; z-index: 15;\">INR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff179 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 492px; bottom: 899px; z-index: 15;\">MYR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 542px; bottom: 899px; z-index: 15;\">PHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 589px; bottom: 899px; z-index: 15;\">THB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 636px; bottom: 899px; z-index: 15;\">VND<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff179 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 682px; bottom: 899px; z-index: 15;\">RON<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff179 fs3c fc1f sc0 lse6 wsf7\" style=\"left: 731px; bottom: 899px; z-index: 15;\">TRY<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 899px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff179 fs3c fc14 sc0 lse7 ws0\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Total a<span class=\"_ _0\"></span>ssets<span class=\"_ _0\"></span><span class=\"ls0\"> </span></div>\n<div class=\"t m0 x19e h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 869px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 869px; z-index: 15;\">4,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 350px; bottom: 869px; z-index: 15;\">1,343<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 869px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 869px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 869px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 869px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 869px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 869px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 869px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 869px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y70b ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 869px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Total liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 268px; bottom: 854px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 302px; bottom: 854px; z-index: 15;\">4,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 367px; bottom: 854px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 697px; bottom: 854px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 854px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 854px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 839px; z-index: 15;\">Total assets minus liabilities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 839px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 839px; z-index: 15;\">964<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 350px; bottom: 839px; z-index: 15;\">1,342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 839px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 839px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 839px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 839px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 839px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 839px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 839px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 839px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 839px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">Off balance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 824px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 352px; bottom: 824px; z-index: 15;\">(678)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 824px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 809px; z-index: 15;\">Net position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 809px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 809px; z-index: 15;\">942<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 358px; bottom: 809px; z-index: 15;\">664<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 809px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 809px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 809px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 809px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 809px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 809px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 809px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 809px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 809px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 795px; z-index: 15;\">Of which invested in subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 277px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 372px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 419px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 465px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 512px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 607px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 702px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 749px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 780px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">and equity associates</span> </div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 262px; bottom: 780px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 780px; z-index: 15;\">939<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 363px; bottom: 780px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 396px; bottom: 780px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 780px; z-index: 15;\">297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 497px; bottom: 780px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 780px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 780px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 780px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 780px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 734px; bottom: 780px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff179 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 780px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1185 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1186 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1187 ff179 fs3a fc28 sc0 lsf4 ws10c\" style=\"z-index: 15;\">E. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"lsfd ws160\">PROPERTY RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y1188 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y risk aris<span class=\"_ _0\"></span>es as a result of<span class=\"_ _0\"></span> sensitiv<span class=\"_ _0\"></span>ity of assets<span class=\"_ _0\"></span> and liab<span class=\"_ _0\"></span>ilities to</div>\n<div class=\"t m0 x7 h4f y1189 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the level o<span class=\"_ _0\"></span>r volatili<span class=\"_ _0\"></span>ty of market<span class=\"_ _0\"></span> prices of pr<span class=\"_ _2b\"></span>operty or their yiel<span class=\"_ _0\"></span>d.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y118a ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y118b ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For risk man<span class=\"_ _0\"></span>agement<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>purp<span class=\"_ _0\"></span>oses, Ag<span class=\"_ _0\"></span>eas defi<span class=\"_ _0\"></span>nes the exp<span class=\"_ _0\"></span>osure to rea<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x7 h4f y118c ff179 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">estate b<span class=\"_ _0\"></span>ased on t<span class=\"_ _2b\"></span>he market val<span class=\"_ _0\"></span>ue of the<span class=\"_ _2b\"></span>se as<span class=\"wsf0\">sets, inclu<span class=\"_ _0\"></span>ding ass<span class=\"_ _0\"></span>ets held </span></div>\n<div class=\"t m0 x7 h4f y118d ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for own use a<span class=\"_ _0\"></span>nd IFRS 16 le<span class=\"_ _0\"></span>ase asset<span class=\"_ _0\"></span>s. The exp<span class=\"_ _0\"></span>osure consi<span class=\"_ _2b\"></span>dered differs</div>\n<div class=\"t m0 x7 h4f y118e ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">from the exp<span class=\"_ _2b\"></span>osure reported un<span class=\"_ _0\"></span>der IFRS def<span class=\"_ _2b\"></span>initions, whic<span class=\"_ _0\"></span>h exclud<span class=\"_ _0\"></span>es</div>\n<div class=\"t m0 x1a h4f y118f ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unrealised ga<span class=\"_ _2\"></span>ins or losses. <span class=\"_ _2\"></span>The table below i<span class=\"_ _2\"></span>dentifies what Agea<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y1190 ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">considers e<span class=\"_ _2\"></span>conomic exposur<span class=\"ws103\">e to rea<span class=\"_ _2\"></span>l estate and how this is reconci<span class=\"_ _2\"></span>led </span></div>\n<div class=\"t m0 x1a h4f y1191 ff179 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the fi<span class=\"_ _2b\"></span>gures reported<span class=\"_ _0\"></span> under I<span class=\"_ _0\"></span>FRS.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1192 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1193 ff179 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For interna<span class=\"_ _2\"></span>l risk management <span class=\"_ _2\"></span>purposes, Ageas appli<span class=\"_ _2\"></span>es an internal</div>\n<div class=\"t m0 x1a h4f y1194 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">model for re<span class=\"_ _2b\"></span>al estate in its main subs<span class=\"_ _2b\"></span>idiaries, in whic<span class=\"_ _2b\"></span>h real estate risk is</div>\n<div class=\"t m0 x1a h4f y1195 ff179 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">treate<span class=\"_ _0\"></span>d accordi<span class=\"_ _0\"></span>ng to t<span class=\"_ _0\"></span>he underl<span class=\"_ _2b\"></span>yi<span class=\"lse2 ws103\">ng econom<span class=\"_ _2\"></span>ic exposure, rather than </span></div>\n<div class=\"t m0 x1a h4f y1196 ff179 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">IFRS clas<span class=\"_ _0\"></span>sificat<span class=\"_ _0\"></span>ion of the ass<span class=\"_ _2b\"></span>ets.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1197 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1198 ff179 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff179 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x25f h52 y608 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 575px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y608 ff179 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 575px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff179 fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Type of a<span class=\"_ _0\"></span>sset<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y603 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y603 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff17b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y608 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y608 ff17b fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Investment properties (see not<span class=\"_ _0\"></span>e 11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 530px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 530px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 515px; z-index: 15;\">PP&amp;E: land and buildin<span class=\"_ _0\"></span>gs for own use and <span class=\"_ _2b\"></span>C<span class=\"_ _2\"></span>ar park<span class=\"_ _0\"></span>s (see note 16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 515px; z-index: 15;\">2,038<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 515px; z-index: 15;\">1,592<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 500px; z-index: 15;\">Property intended for sale (see note 15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 500px; z-index: 15;\">240<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 500px; z-index: 15;\">323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff17c fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 485px; z-index: 15;\">Total<span class=\"_ _2\"></span> (at amorti<span class=\"_ _2\"></span>sed cost)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 485px; z-index: 15;\">5,308<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 485px; z-index: 15;\">5,032<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff179 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 470px; z-index: 15;\">Real estate funds (at fair value)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 470px; z-index: 15;\">619<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 470px; z-index: 15;\">1,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff17c fs3c fc1f sc0 lsec ws100\" style=\"left: 69px; bottom: 455px; z-index: 15;\">Total<span class=\"_ _2\"></span> IFRS real<span class=\"_ _2\"></span> estate exp<span class=\"_ _2\"></span>osure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 455px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 455px; z-index: 15;\">6,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f7 ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f7 ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff17b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 426px; z-index: 15;\">Unrealised capital gain (<span class=\"_ _0\"></span>Economic exposure)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y5fc ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 623px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5fc ff17c fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 411px; z-index: 15;\">Investment properties (see not<span class=\"_ _0\"></span>e 11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 411px; z-index: 15;\">1,237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 411px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 396px; z-index: 15;\">PP&amp;E: land and buildin<span class=\"_ _0\"></span>gs for own use <span class=\"_ _0\"></span>(see note 16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 396px; z-index: 15;\">763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff179 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 396px; z-index: 15;\">723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff17c fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 381px; z-index: 15;\">Total Economic real <span class=\"_ _0\"></span>estate exposure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 381px; z-index: 15;\">7,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff17c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 381px; z-index: 15;\">8,027<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 370px; height: 736px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h55 y802 ff180 fs3a fc1f sc0 ls106 ws124\" style=\"z-index: 15;\">Sensitivit<span class=\"_ _2b\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff17e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">sh<span class=\"_ _2b\"></span>ows the gross i<span class=\"_ _0\"></span>mpact on t<span class=\"_ _0\"></span>he IFR<span class=\"_ _0\"></span>S income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent and<span class=\"_ _0\"></span> IFRS equ<span class=\"_ _2b\"></span>ity as the result<span class=\"_ _0\"></span> of a pr<span class=\"_ _0\"></span>operty<span class=\"_ _0\"></span> stress c<span class=\"_ _0\"></span>orrespo<span class=\"_ _2b\"></span>nding to a 1/3<span class=\"lse2 ws103\">0 return </span></span></div>\n<div class=\"t m0 x7 h4f y804 ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period (on<span class=\"_ _2\"></span> average 14%).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 501px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff17e fs3c fc1f sc0 lsef ws10a\" style=\"left: 501px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y608 ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 586px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff17e fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 577px; bottom: 1004px; z-index: 15;\">IFRS <span class=\"lse4 wsf4\">Equity<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19d h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 674px; bottom: 1033px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 684px; bottom: 1019px; z-index: 15;\">income <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff17e fs3c fc1f sc0 lsef ws10a\" style=\"left: 674px; bottom: 1004px; z-index: 15;\">stat<span class=\"_ _2\"></span>ement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5ff ff17e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y608 ff17e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 758px; bottom: 1019px; z-index: 15;\">Impact on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff17e fs3c fc1f sc0 lse4 wsf6\" style=\"left: 749px; bottom: 1004px; z-index: 15;\">IFRS Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 713px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y605 ff17e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 973px; z-index: 15;\">Property risk downwards<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 973px; z-index: 15;\">(142)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 973px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 973px; z-index: 15;\">(203)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff17e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 973px; z-index: 15;\">(307)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1135 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1136 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1137 ff17e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">F. <span class=\"ls0 ws0\"> <span class=\"_ _46\"> </span><span class=\"ls104 ws116\">MARK<span class=\"_ _0\"></span>ET CONCENTRATI<span class=\"_ _2b\"></span>O<span class=\"_ _2\"></span>N RISK<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1138 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Market ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>centrat<span class=\"_ _0\"></span>ion refer<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>to ris<span class=\"_ _2b\"></span>ks stemming from a l<span class=\"_ _0\"></span>ack of</div>\n<div class=\"t m0 x7 h4f y1139 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">diversi<span class=\"_ _0\"></span>ficatio<span class=\"_ _0\"></span>n in the asset<span class=\"_ _0\"></span> portfoli<span class=\"_ _0\"></span>o stemmi<span class=\"_ _0\"></span>ng from a lar<span class=\"_ _0\"></span>ge expos<span class=\"_ _0\"></span>ure by a</div>\n<div class=\"t m0 x7 h4f y113a ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">single is<span class=\"_ _2\"></span>suer of securities<span class=\"_ _2\"></span> or a group of r<span class=\"_ _2\"></span>elated issuers.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y113b ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y113c ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Concentration<span class=\"_ _2\"></span> risk can arise <span class=\"_ _2\"></span>due to large aggrega<span class=\"_ _2\"></span>te exposures to<span class=\"_ _2\"></span> single</div>\n<div class=\"t m0 x7 h4f y113d ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">counte<span class=\"_ _0\"></span>rparties o<span class=\"_ _2b\"></span>r an aggregate of exp<span class=\"_ _0\"></span>osures to a nu<span class=\"_ _0\"></span>mber of pos<span class=\"_ _0\"></span>itively</div>\n<div class=\"t m0 x7 h4f y113e ff17e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">correlat<span class=\"ws103\">ed coun<span class=\"_ _2\"></span>terparties (i.e. tendency t<span class=\"_ _2\"></span>o default under similar </span></div>\n<div class=\"t m0 x7 h4f y113f ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">circumst<span class=\"_ _2b\"></span>ances) with t<span class=\"_ _2b\"></span>he potential t<span class=\"_ _0\"></span>o produc<span class=\"_ _2b\"></span>e a significa<span class=\"_ _0\"></span>nt <span class=\"lse2 wsf1\">number<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">of </span></span></span></div>\n<div class=\"t m0 x7 h4f y1140 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ents due to<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>a bankr<span class=\"_ _2b\"></span>uptcy or failure to p<span class=\"_ _0\"></span>ay. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1141 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1142 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Avoida<span class=\"_ _0\"></span>nce of co<span class=\"_ _0\"></span>ncentr<span class=\"_ _0\"></span>ation is t<span class=\"_ _0\"></span>herefo<span class=\"_ _0\"></span>re funda<span class=\"_ _0\"></span>mental<span class=\"_ _0\"></span> to <span class=\"lse2 wsf1\">Ageas</span><span class=\"lsfb\">'s<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">c<span class=\"_ _2\"></span>redit </span></span></span></div>\n<div class=\"t m0 x7 h4f y1143 ff17e fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">risk s<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">trat<span class=\"_ _0\"></span>egy of m<span class=\"_ _0\"></span>aintai<span class=\"_ _0\"></span>ning gr<span class=\"_ _0\"></span>anular, <span class=\"_ _0\"></span>liquid a<span class=\"_ _0\"></span>nd dive<span class=\"_ _0\"></span>rsified p<span class=\"_ _2b\"></span>ortfolios. </span></div>\n<div class=\"t m0 x7 h4f y1144 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Each loc<span class=\"_ _2b\"></span>al business is <span class=\"_ _0\"></span>respons<span class=\"_ _0\"></span>ible for<span class=\"_ _2b\"></span> its own counte<span class=\"_ _0\"></span>rparty<span class=\"_ _0\"></span> limits, t<span class=\"_ _2b\"></span>aking</div>\n<div class=\"t m0 x7 h4f y1145 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">into acco<span class=\"_ _0\"></span>unt its part<span class=\"_ _0\"></span>icular sit<span class=\"_ _2b\"></span>uation and any Gro<span class=\"_ _0\"></span>up requirem<span class=\"_ _2b\"></span>ents. Each</div>\n<div class=\"t m0 x7 h4f y1146 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">local bus<span class=\"_ _2b\"></span>iness is in ch<span class=\"_ _0\"></span>arge of c<span class=\"_ _2b\"></span>ontinuous <span class=\"lse2\">monitoring. Periodi<span class=\"_ _2\"></span>c reporting </span></div>\n<div class=\"t m0 x7 h4f y11a9 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">allows t<span class=\"_ _0\"></span>he Grou<span class=\"_ _2b\"></span>p to check thes<span class=\"_ _0\"></span>e limit<span class=\"_ _0\"></span>s and mon<span class=\"_ _2b\"></span>itor the overa<span class=\"_ _0\"></span>ll posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y11aa ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11ab ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">To mana<span class=\"_ _0\"></span>ge the c<span class=\"_ _0\"></span>oncentr<span class=\"_ _0\"></span>ation of<span class=\"_ _0\"></span> credi<span class=\"_ _0\"></span>t risk, <span class=\"_ _0\"></span>Ageas\u2019s i<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ent limits</div>\n<div class=\"t m0 x7 h4f y11ac ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">aim to s<span class=\"_ _0\"></span>pread th<span class=\"_ _0\"></span>e credit<span class=\"_ _0\"></span> risk ac<span class=\"_ _0\"></span>ross dif<span class=\"_ _2b\"></span>ferent secto<span class=\"_ _0\"></span>rs and co<span class=\"_ _0\"></span>untries<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x7 h4f y11ad ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas monit<span class=\"ws103\">o<span class=\"_ _2\"></span>rs its largest exposures to<span class=\"_ _2\"></span> individual entities, group<span class=\"_ _2\"></span>s of </span></div>\n<div class=\"t m0 x7 h4f y11ae ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compani<span class=\"_ _2b\"></span>es (Total One Oblig<span class=\"_ _0\"></span>or) and othe<span class=\"_ _0\"></span>r potent<span class=\"_ _0\"></span>ial concent<span class=\"_ _2b\"></span>rations such</div>\n<div class=\"t m0 x7 h4f y11af ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as sectors<span class=\"_ _0\"></span> and geogra<span class=\"_ _2b\"></span>phic areas to ensur<span class=\"_ _0\"></span>e adequat<span class=\"_ _0\"></span>e diversif<span class=\"_ _2b\"></span>ication and</div>\n<div class=\"t m0 x7 h4f y11b0 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">identif<span class=\"_ _0\"></span>icatio<span class=\"_ _0\"></span>n of signific<span class=\"_ _2b\"></span>ant concentrat<span class=\"_ _0\"></span>ion risk.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 554px; height: 377px; width: 351px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x1a h4f y11b1 ff17e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">G. <span class=\"ls0 ws0\"> <span class=\"_ _43\"> </span>I<span class=\"ls104 ws116\">NFLATION RISK</span> </span></div>\n<div class=\"t m0 x1a h4f y11b2 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Inflati<span class=\"_ _0\"></span>on risk a<span class=\"_ _0\"></span>rises t<span class=\"_ _0\"></span>hrough t<span class=\"_ _0\"></span>he impa<span class=\"_ _0\"></span>ct of t<span class=\"_ _0\"></span>he level <span class=\"_ _0\"></span>or volati<span class=\"_ _2b\"></span>lity of inflat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y11b3 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rates on the v<span class=\"_ _0\"></span>alue of ass<span class=\"_ _0\"></span>ets &amp; liabil<span class=\"_ _0\"></span>ities.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11b4 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y11b5 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas doe<span class=\"_ _0\"></span>s not activ<span class=\"_ _0\"></span>ely seek to tak<span class=\"_ _2b\"></span>e on inflation risk<span class=\"_ _0\"></span>; however,<span class=\"_ _0\"></span> it may</div>\n<div class=\"t m0 x1a h4f y11b6 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">choose to h<span class=\"_ _0\"></span>old assets<span class=\"_ _0\"></span> whose retu<span class=\"_ _2b\"></span>rns are expl<span class=\"wsfa\">icitly<span class=\"_ _0\"></span> linke<span class=\"_ _0\"></span>d to infl<span class=\"_ _0\"></span>ation. </span></div>\n<div class=\"t m0 x1a h4f y11b7 ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Moreover, <span class=\"_ _2\"></span>some insurance liabil<span class=\"_ _2\"></span>ities are expli<span class=\"_ _2\"></span>citly or implicitly<span class=\"_ _2\"></span> dependent</div>\n<div class=\"t m0 x1a h4f y11b8 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on inflat<span class=\"_ _0\"></span>ion rates.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Inflatio<span class=\"_ _0\"></span>n risk can man<span class=\"_ _2b\"></span>ifest in differen<span class=\"_ _0\"></span>t ways, suc<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>as </span></span></div>\n<div class=\"t m0 x1a h4f y11b9 ff17e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">higher than ant<span class=\"_ _2\"></span>icipated expenses and claims<span class=\"_ _2\"></span> costs. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11ba ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y11bb ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life insu<span class=\"_ _0\"></span>rance obl<span class=\"_ _0\"></span>igatio<span class=\"lse2 ws103\">ns are typically expressed in nom<span class=\"_ _2\"></span>inal terms, </span></div>\n<div class=\"t m0 x1a h4f y11bc ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">however f<span class=\"_ _2b\"></span>or Non<span class=\"ls0 ws0\">-</span>Life and H<span class=\"_ _0\"></span>ealth li<span class=\"_ _2b\"></span>nes inflation c<span class=\"_ _2b\"></span>an result in cl<span class=\"_ _0\"></span>aims th<span class=\"_ _0\"></span>at</div>\n<div class=\"t m0 x1a h4f y11bd ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are high<span class=\"_ _2b\"></span>er than assumed <span class=\"_ _2b\"></span>in terms of pric<span class=\"_ _0\"></span>ing. Th<span class=\"_ _0\"></span>is can b<span class=\"_ _0\"></span>e mitig<span class=\"_ _0\"></span>ated</div>\n<div class=\"t m0 x1a h4f y11be ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">through pe<span class=\"_ _2\"></span>riodic review of prod<span class=\"_ _2\"></span>uct pricing and<span class=\"_ _2\"></span> through controls <span class=\"_ _2\"></span>in the<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11bf ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">claims mana<span class=\"_ _2\"></span>gement process.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y11c0 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y11c1 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Where A<span class=\"_ _0\"></span>geas co<span class=\"_ _0\"></span>nsiders<span class=\"_ _0\"></span> that th<span class=\"_ _0\"></span>e inflat<span class=\"_ _0\"></span>ion risk <span class=\"_ _2b\"></span>is not adequate<span class=\"_ _0\"></span>ly cove<span class=\"_ _0\"></span>red</div>\n<div class=\"t m0 x1a h4f y11c2 ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">in under <span class=\"_ _2\"></span>the regulatory capi<span class=\"_ _2\"></span>tal regime<span class=\"ls0 ws0\"> </span><span class=\"ws103\">or through<span class=\"_ _2\"></span> indirect methods<span class=\"lsf4 ws0\">, it </span></span></div>\n<div class=\"t m0 x1a h4f y11c3 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">may consi<span class=\"_ _0\"></span>der an <span class=\"lse2 wsfa\">explicit add<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span>on fo<span class=\"_ _0\"></span>r inflati<span class=\"_ _0\"></span>on risk unde<span class=\"_ _2b\"></span>r <span class=\"_ _2\"></span>Pill<span class=\"_ _2b\"></span>ar II.<span class=\"ls0 ws0\"> T<span class=\"_ _2\"></span><span class=\"ls106 ws10c\">his is </span></span></div>\n<div class=\"t m0 x1a h4f y11c4 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">current<span class=\"_ _0\"></span>ly done in cou<span class=\"_ _0\"></span>ntries wit<span class=\"_ _2b\"></span>h material inflat<span class=\"_ _2b\"></span>ion risk related to an<span class=\"_ _0\"></span>nuities<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y11c5 ff17e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">stemming from<span class=\"_ _2\"></span> Workmen\u2019s Compensation policies<span class=\"_ _2\"></span>.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 553px; height: 553px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff183 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he concent<span class=\"_ _2b\"></span>ration of credit ri<span class=\"_ _0\"></span>sk as at 31 Dec<span class=\"_ _0\"></span>ember by typ<span class=\"_ _0\"></span>e and by<span class=\"ls0 ws0\"> </span>locat<span class=\"_ _0\"></span>ion of the Ageas<span class=\"_ _0\"></span> entity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 1065px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 1050px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 1035px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 1050px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 1035px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 1050px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 1035px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 1050px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x164 h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 1035px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 1035px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y603 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 1035px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 1005px; z-index: 15;\">27,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 1005px; z-index: 15;\">12,865<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 1005px; z-index: 15;\">9,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 1005px; z-index: 15;\">1,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 1005px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1005px; z-index: 15;\">50,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 990px; z-index: 15;\">3,832<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 990px; z-index: 15;\">2,246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 990px; z-index: 15;\">2,211<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 990px; z-index: 15;\">119<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">8,408<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 975px; z-index: 15;\">3,504<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 975px; z-index: 15;\">1,402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 975px; z-index: 15;\">653<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f4 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 975px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">5,645<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 960px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 960px; z-index: 15;\">328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 960px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 960px; z-index: 15;\">1,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f2 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 960px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">2,763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 945px; z-index: 15;\">766<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 945px; z-index: 15;\">417<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 513px; bottom: 945px; z-index: 15;\">7</div>\n<div class=\"t m0 x52 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 606px; bottom: 945px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 945px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,204<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 931px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 931px; z-index: 15;\">756<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 931px; z-index: 15;\">226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f9 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f9 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 931px; z-index: 15;\">1,445<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">General Account and elimina<span class=\"_ _0\"></span>tions*<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 916px; z-index: 15;\">693<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 916px; z-index: 15;\">(1,570)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 916px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 916px; z-index: 15;\">(800)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y656 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 901px; z-index: 15;\">32,214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 901px; z-index: 15;\">16,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 901px; z-index: 15;\">10,001<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 901px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 901px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 901px; z-index: 15;\">61,208<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y63a ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 ydd0 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 854px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 839px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 290px; bottom: 824px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 839px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 824px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 839px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 824px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 839px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 824px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 824px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 824px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 794px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 794px; z-index: 15;\">33,435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 794px; z-index: 15;\">15,281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 794px; z-index: 15;\">7,924<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 794px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 794px; z-index: 15;\">78<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 794px; z-index: 15;\">58,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 779px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 779px; z-index: 15;\">6,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 779px; z-index: 15;\">3,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 779px; z-index: 15;\">2,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 779px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 779px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 779px; z-index: 15;\">12,925<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 764px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 764px; z-index: 15;\">4,330<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 764px; z-index: 15;\">1,747<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 764px; z-index: 15;\">661<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y605 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 764px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 764px; z-index: 15;\">60<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 764px; z-index: 15;\">6,798<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 749px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 749px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 749px; z-index: 15;\">1,142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 749px; z-index: 15;\">1,708<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y603 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 749px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 749px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 749px; z-index: 15;\">3,228<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 734px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 734px; z-index: 15;\">2,014<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 734px; z-index: 15;\">792<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 734px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 734px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 734px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 734px; z-index: 15;\">2,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 719px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 719px; z-index: 15;\">4</div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 719px; z-index: 15;\">8</div>\n<div class=\"t m0 x30 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 719px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 705px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 705px; z-index: 15;\">522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 705px; z-index: 15;\">979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 705px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 705px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f2 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 705px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 705px; z-index: 15;\">1,737<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 690px; z-index: 15;\">General Account and elimina<span class=\"_ _0\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 690px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 690px; z-index: 15;\">1,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 690px; z-index: 15;\">(1,516)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 690px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 690px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 690px; z-index: 15;\">(313)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 675px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 675px; z-index: 15;\">40,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 675px; z-index: 15;\">21,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 496px; bottom: 675px; z-index: 15;\">9,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 675px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 675px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 675px; z-index: 15;\">72,760<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y11dc ff185 fs3f fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">* <span class=\"_ _1af\"> </span><span class=\"lsf1 ws107\">The line \u2018General Account and eliminations\u2019 is mainly linked to the reinsurance programme</span> <span class=\"lsf1 ws107\">and Group Treasur<span class=\"_ _2\"></span>y.</span> </div>\n<div class=\"t m0 x7 h4f y11dd ff183 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11de ff183 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y11df ff183 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es inform<span class=\"_ _2b\"></span>ation on the co<span class=\"_ _2b\"></span>ncentration of<span class=\"_ _0\"></span> credit r<span class=\"_ _2b\"></span>isk as at 31 Dec<span class=\"_ _2b\"></span>ember by type an<span class=\"_ _2b\"></span>d location of <span class=\"lse2 wsf1\">counterparty.<span class=\"ls0 ws0\"> </span></span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 550px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 580px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff183 fs3c fc1f sc0 ls0 ws0\" style=\"left: 287px; bottom: 565px; z-index: 15;\"> <span class=\"lse4 wsf3\">and official </span> </div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 550px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 565px; z-index: 15;\">Credit <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 383px; bottom: 550px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 565px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 550px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 565px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 550px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 550px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f9 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 550px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 520px; z-index: 15;\">16,534<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 520px; z-index: 15;\">1,769<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 520px; z-index: 15;\">2,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 520px; z-index: 15;\">1,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 520px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 520px; z-index: 15;\">22,833<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 505px; z-index: 15;\">14,857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 505px; z-index: 15;\">11,864<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 505px; z-index: 15;\">7,212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 505px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 505px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 505px; z-index: 15;\">34,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 490px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 490px; z-index: 15;\">4,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 490px; z-index: 15;\">3,009<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 490px; z-index: 15;\">1,428<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 490px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 490px; z-index: 15;\">1</div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 490px; z-index: 15;\">8,715<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 475px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 475px; z-index: 15;\">1,580<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 475px; z-index: 15;\">324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 475px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 475px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 475px; z-index: 15;\">2,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 460px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 460px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 460px; z-index: 15;\">1,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 460px; z-index: 15;\">803<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 460px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 460px; z-index: 15;\">2,303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 445px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 445px; z-index: 15;\">8,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 445px; z-index: 15;\">7,273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 445px; z-index: 15;\">4,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y647 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 606px; bottom: 445px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 445px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 445px; z-index: 15;\">20,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 430px; z-index: 15;\">764<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 430px; z-index: 15;\">818<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 430px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 430px; z-index: 15;\">4</div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 430px; z-index: 15;\">1,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Other countries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 323px; bottom: 416px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 416px; z-index: 15;\">2,526<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 416px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 416px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 416px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 416px; z-index: 15;\">2,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 401px; z-index: 15;\">32,214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 401px; z-index: 15;\">16,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 401px; z-index: 15;\">10,001<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 401px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 401px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 401px; z-index: 15;\">61,208<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 324px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y608 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 354px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 339px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 324px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 339px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 324px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 339px; z-index: 15;\">Corporate <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 324px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 339px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 324px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 324px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f2 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 324px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 293px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 293px; z-index: 15;\">20,604<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 293px; z-index: 15;\">2,308<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 293px; z-index: 15;\">2,343<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 293px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 293px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 293px; z-index: 15;\">27,102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 279px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 279px; z-index: 15;\">19,935<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 279px; z-index: 15;\">14,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 279px; z-index: 15;\">6,635<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 279px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 279px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 279px; z-index: 15;\">41,600<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 264px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 264px; z-index: 15;\">6,193<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 264px; z-index: 15;\">4,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 264px; z-index: 15;\">1,362<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 264px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 264px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 264px; z-index: 15;\">11,862<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 249px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 249px; z-index: 15;\">2,530<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 249px; z-index: 15;\">255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 249px; z-index: 15;\">241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 249px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 249px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 249px; z-index: 15;\">3,047<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 234px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 234px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 234px; z-index: 15;\">1,415<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 234px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 234px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 234px; z-index: 15;\">2,592<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 219px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 219px; z-index: 15;\">10,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 219px; z-index: 15;\">8,992<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 219px; z-index: 15;\">4,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 219px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 219px; z-index: 15;\">24,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 204px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 204px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 204px; z-index: 15;\">493<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 204px; z-index: 15;\">65<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 204px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 204px; z-index: 15;\">2</div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 204px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 190px; z-index: 15;\">Other countries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 190px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 190px; z-index: 15;\">3,323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 190px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y601 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 190px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 190px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 190px; z-index: 15;\">3,498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 175px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 175px; z-index: 15;\">40,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 175px; z-index: 15;\">21,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 496px; bottom: 175px; z-index: 15;\">9,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 175px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 175px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 175px; z-index: 15;\">72,760<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 164px; height: 942px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 164px; height: 942px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below shows t<span class=\"_ _0\"></span>he highe<span class=\"_ _2b\"></span>st exposures t<span class=\"_ _2b\"></span>o ultimate par<span class=\"_ _2b\"></span>ents measured<span class=\"_ _2b\"></span> at fair value an<span class=\"_ _2b\"></span>d nominal val<span class=\"_ _0\"></span>ue with t<span class=\"_ _2b\"></span>heir ratings.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1065px; z-index: 15;\">Highest Exposure Top 10<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19a h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 487px; bottom: 1065px; z-index: 15;\">Group Rating<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 1065px; z-index: 15;\">Fair Value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 739px; bottom: 1065px; z-index: 15;\">Nominal Value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 513px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff188 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Kingdom of Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5ff ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 506px; bottom: 1035px; z-index: 15;\">AA<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x52 h52 y5ff ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1035px; z-index: 15;\">14,849<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y5ff ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1035px; z-index: 15;\">15,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">French Republic<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 507px; bottom: 1020px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 1020px; z-index: 15;\">4,862<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1020px; z-index: 15;\">4,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Portuguese Republic<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 1005px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 1005px; z-index: 15;\">2,599<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1005px; z-index: 15;\">2,591<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff188 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Kingdom of Spain<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 502px; bottom: 990px; z-index: 15;\">BBB+<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 990px; z-index: 15;\">2,208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">2,296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Republic of Austria<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 975px; z-index: 15;\">AA+<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 975px; z-index: 15;\">1,656<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">1,569<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Republic of Italy<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 502px; bottom: 960px; z-index: 15;\">BBB<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 960px; z-index: 15;\">1,216<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">1,553<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Federal Republic of Germany<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 945px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 945px; z-index: 15;\">1,151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 931px; z-index: 15;\">European <span class=\"wsf6\">Investment Bank<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 931px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f9 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 931px; z-index: 15;\">904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f9 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 931px; z-index: 15;\">899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Republic of India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 502px; bottom: 916px; z-index: 15;\">BBB<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x5c h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 916px; z-index: 15;\">743<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">731<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff188 fs3c fc14 sc0 lsf0 wsff\" style=\"left: 69px; bottom: 901px; z-index: 15;\">BNP Par<span class=\"_ _2\"></span>ibas SA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y656 ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 507px; bottom: 901px; z-index: 15;\">A+<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 901px; z-index: 15;\">736<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff18a fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5f7 ff18a fs3c fc1f sc0 ls0 ws0\" style=\"left: 513px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h54 y5f7 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 886px; z-index: 15;\">30,924<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f7 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 886px; z-index: 15;\">31,423<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y11f6 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11f7 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The Kin<span class=\"_ _0\"></span>gdom of B<span class=\"_ _0\"></span>elgium <span class=\"_ _0\"></span>remains t<span class=\"_ _2b\"></span>he top count<span class=\"_ _0\"></span>erparty.<span class=\"_ _0\"></span> Large ex<span class=\"_ _2b\"></span>posures in Lif<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance sub<span class=\"_ _0\"></span>sidiari<span class=\"_ _2b\"></span>es typically res<span class=\"_ _2b\"></span>ult from the pr<span class=\"_ _0\"></span>actice of<span class=\"_ _0\"></span> <span class=\"lse2\">holding large </span></div>\n<div class=\"t m0 x7 h4f y11f8 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">domest<span class=\"_ _0\"></span>ic sover<span class=\"_ _0\"></span>eign pos<span class=\"_ _0\"></span>itions.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 828px; height: 278px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 828px; height: 278px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls5 ws5\" style=\"z-index: 15;\">Cash and cash<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">equiv<span class=\"_ _2b\"></span>alents</div>\n<div class=\"t m0 x7 h63 y17d6 ff251 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">Cash includes cash on han<span class=\"_ _0\"></span>d,</div>\n<div class=\"t m0 x7 h63 y17d7 ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">current accounts and other</div>\n<div class=\"t m0 x7 h63 y17d8 ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">financial instruments with a term of</div>\n<div class=\"t m0 x7 h63 y17d9 ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">less than three months from the</div>\n<div class=\"t m0 x7 h63 y17da ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">date on which they were acquired.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff24f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff24f fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y1550 ff24f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 564px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y1550 ff24f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff252 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xd7 h54 y608 ff252 fs3c fc1e sc0 ls0 ws0\" style=\"left: 639px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xd7 h54 y608 ff252 fs3c fc1e sc0 ls0 ws0\" style=\"left: 795px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff24f fs3c fc1e sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Cash on hand<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f4 ff24f fs3c fc1e sc0 ls0 ws0\" style=\"left: 634px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x2a1 h52 y5f4 ff24f fs3c fc1e sc0 ls0 ws0\" style=\"left: 790px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff24f fs3c fc1e sc0 lse4 wsf6\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Due from banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf4 h52 y5f9 ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 624px; bottom: 771px; z-index: 15;\">976<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y5f9 ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 773px; bottom: 771px; z-index: 15;\">1,750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf4 h52 y60e ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 624px; bottom: 756px; z-index: 15;\">175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf4 h52 y60e ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 780px; bottom: 756px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff253 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Total cash and cash equivalents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h54 y5f9 ff253 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 617px; bottom: 741px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h54 y5f9 ff253 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 741px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 724px; height: 237px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>in<span class=\"_ _2\"></span>ancial<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tments</div>\n<div class=\"t m0 x7 h63 y17d6 ff258 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">The composition of financial</div>\n<div class=\"t m0 x7 h63 y17d7 ff258 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">investments is as follow<span class=\"_ _0\"></span>s.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x348 h52 y1550 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 570px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 y1550 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 612px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y1550 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 729px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 801px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h54 y608 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h54 y608 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 786px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Held to maturity</span> </div>\n<div class=\"t m0 x66 h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 667px; bottom: 786px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 786px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 771px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws15f\">Available for sale</span> </div>\n<div class=\"t m0 x5d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 660px; bottom: 771px; z-index: 15;\">41,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 777px; bottom: 771px; z-index: 15;\">55,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 756px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Held at fair value through profit or <span class=\"lsef ws10a\">loss</span></span> </div>\n<div class=\"t m0 x1d h52 y60e ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 673px; bottom: 756px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y60e ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 790px; bottom: 756px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 741px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Derivatives held for trading</span> </div>\n<div class=\"t m0 x1d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 673px; bottom: 741px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 801px; bottom: 741px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h54 y5f7 ff25a fs3c fc10 sc0 lsee ws15e\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Total, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 727px; z-index: 15;\">47,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 727px; z-index: 15;\">60,279<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Impairm<span class=\"_ _2\"></span>ents:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y5fc ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y5fc ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 697px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">of investments available for sale</span> </div>\n<div class=\"t m0 x66 h52 y601 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 667px; bottom: 697px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 697px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff25a fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 682px; z-index: 15;\">Total im<span class=\"_ _2b\"></span>pairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h54 y5fc ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 667px; bottom: 682px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h54 y5fc ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 682px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y180c ff25a fs3c fc10 sc0 lsec wsfe\" style=\"left: 324px; bottom: 652px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y180c ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 652px; z-index: 15;\">46,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y180c ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 652px; z-index: 15;\">59,952<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y17eb ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y17ec ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y17ed ff256 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Availab<span class=\"_ _0\"></span>le for s<span class=\"_ _0\"></span>ale fina<span class=\"_ _0\"></span>ncial in<span class=\"_ _0\"></span>vestme<span class=\"_ _2b\"></span>nts of EUR <span class=\"lse2 ws103\">2,424 million from Ageas Fra<span class=\"_ _2\"></span>nce were reclassified to </span></div>\n<div class=\"t m0 x26 h4f y17ee ff256 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">the line \u2018<span class=\"_ _2\"></span><span class=\"ls0 ws0\">A<span class=\"lse0 wsf0\">ssets he<span class=\"_ _0\"></span>ld for sale<span class=\"_ _0\"></span>\u2019 as per 31 Decem<span class=\"_ _2b\"></span>ber 2022<span class=\"ls0 ws0\">. </span></span></span></div>\n\n<div class=\"t m0 x26 h6a y17ef ff25b fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x26 h6a y17f0 ff25b fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Investments held <span class=\"_ _2\"></span>to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 575px; bottom: 495px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 480px; z-index: 15;\">bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 649px; bottom: 495px; z-index: 15;\">Corporate debt<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 480px; z-index: 15;\">securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 480px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff256 fs3c fc10 sc0 lse7 ws109\" style=\"left: 774px; bottom: 480px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 450px; z-index: 15;\">Investments held to <span class=\"_ _0\"></span>maturity at 1 January<span class=\"_ _0\"></span> 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 450px; z-index: 15;\">4,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5f2 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 450px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 450px; z-index: 15;\">4,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 435px; z-index: 15;\">Maturities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 608px; bottom: 435px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 778px; bottom: 435px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 420px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 420px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 420px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 420px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 405px; z-index: 15;\">Investments held to maturity at 31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 405px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 ydd0 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 405px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 405px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf6\" style=\"left: 324px; bottom: 390px; z-index: 15;\">Acquisitions/divestment of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 609px; bottom: 390px; z-index: 15;\">789<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 694px; bottom: 390px; z-index: 15;\">341<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 772px; bottom: 390px; z-index: 15;\">1,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 375px; z-index: 15;\">Maturities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 375px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 375px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 361px; z-index: 15;\">Acquisitions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 614px; bottom: 361px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 705px; bottom: 361px; z-index: 15;\">8</div>\n<div class=\"t m0 x2f h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 361px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 346px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 346px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 346px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 346px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf3\" style=\"left: 324px; bottom: 331px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 608px; bottom: 331px; z-index: 15;\">(81)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 693px; bottom: 331px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 774px; bottom: 331px; z-index: 15;\">(116)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff25a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 316px; z-index: 15;\">Investments held to maturity at 31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 316px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 316px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 316px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 286px; z-index: 15;\">Fair value at 31 Dece<span class=\"_ _0\"></span>mber 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 286px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y601 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 286px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 286px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 271px; z-index: 15;\">Fair value at 31 Dece<span class=\"_ _0\"></span>mber 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 271px; z-index: 15;\">5,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 271px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 271px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1801 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1802 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1803 ff256 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value of<span class=\"_ _0\"></span> <span class=\"wsf0\">govern<span class=\"_ _0\"></span>ment bonds<span class=\"_ _0\"></span> classif<span class=\"_ _2b\"></span>ied as investment<span class=\"_ _0\"></span>s held to mat<span class=\"_ _2b\"></span>urity is based on quote<span class=\"_ _2b\"></span>d </span></div>\n<div class=\"t m0 x26 h4f y1804 ff256 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">prices in act<span class=\"_ _2b\"></span>ive markets (lev<span class=\"_ _0\"></span>el 1)<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 198px; height: 353px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 198px; height: 763px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 198px; height: 763px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 198px; height: 763px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 198px; height: 763px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y1030 ff260 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the fo<span class=\"_ _2b\"></span>llowing table t<span class=\"_ _2b\"></span>he government<span class=\"_ _0\"></span> bonds c<span class=\"_ _0\"></span>lassifi<span class=\"_ _2b\"></span>ed as held to m<span class=\"_ _0\"></span>aturity <span class=\"_ _2b\"></span>as at 31<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">December a<span class=\"_ _0\"></span>re <span class=\"lse2 wsfa\">detailed b<span class=\"_ _2\"></span>y country of origin<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1810 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1066px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff260 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 527px; bottom: 1066px; z-index: 15;\">Historical/amortised cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y603 ff260 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 756px; bottom: 1066px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1036px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1036px; z-index: 15;\">4,296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1036px; z-index: 15;\">4,776<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1021px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1021px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1021px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1006px; z-index: 15;\">Indian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1006px; z-index: 15;\">763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1006px; z-index: 15;\">768<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff263 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 991px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 991px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 991px; z-index: 15;\">5,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 946px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 915px; z-index: 15;\">4,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 915px; z-index: 15;\">6,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 900px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 900px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 886px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 886px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y181e ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y181f ff264 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.2</span> </div>\n<div class=\"t m0 x7 h6a y1820 ff264 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Investment<span class=\"_ _0\"></span>s available for sale <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 746px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 776px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 761px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 746px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 746px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 746px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 776px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 761px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f7 ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 761px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 746px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 761px; z-index: 15;\">  </div>\n<div class=\"t m0 x196 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 746px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 761px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 746px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 715px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 715px; z-index: 15;\">596<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 715px; z-index: 15;\">(2,390)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 701px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 701px; z-index: 15;\">16,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 701px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 701px; z-index: 15;\">(1,537)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 701px; z-index: 15;\">14,725<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 701px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 701px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 686px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 686px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 686px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 671px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 671px; z-index: 15;\">40,062<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 671px; z-index: 15;\">650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 671px; z-index: 15;\">(3,927)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 671px; z-index: 15;\">36,785<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 671px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 671px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 641px; z-index: 15;\">366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 641px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 641px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 626px; z-index: 15;\">3,448<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 626px; z-index: 15;\">671<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 626px; z-index: 15;\">(102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 626px; z-index: 15;\">4,017<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 626px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 626px; z-index: 15;\">3,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x67 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y60e ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 597px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 582px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s</span></span> </div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 582px; z-index: 15;\">3,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 582px; z-index: 15;\">714<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 582px; z-index: 15;\">(105)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 582px; z-index: 15;\">4,424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 582px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 582px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 552px; z-index: 15;\">43,877<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 552px; z-index: 15;\">1,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 552px; z-index: 15;\">(4,032)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 552px; z-index: 15;\">41,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 552px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 477px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 507px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 492px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 477px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 477px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 477px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 492px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 492px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 477px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 477px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 492px; z-index: 15;\">  </div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 492px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 477px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 447px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 447px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 447px; z-index: 15;\">5,241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 447px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 432px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 432px; z-index: 15;\">17,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 432px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 432px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 432px; z-index: 15;\">18,415<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 432px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 432px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 417px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 417px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 417px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 417px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 417px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 417px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 402px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt <span class=\"wsf4\">securities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 402px; z-index: 15;\">43,323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 402px; z-index: 15;\">6,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 402px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 402px; z-index: 15;\">49,607<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 402px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 402px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 372px; z-index: 15;\">173<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 372px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 372px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 372px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 357px; z-index: 15;\">4,551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 357px; z-index: 15;\">1,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 357px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 357px; z-index: 15;\">5,781<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 357px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 357px; z-index: 15;\">5,475<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 343px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x67 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 328px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 313px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other investments</span> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 313px; z-index: 15;\">4,726<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 313px; z-index: 15;\">1,278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 313px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 313px; z-index: 15;\">5,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 313px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 313px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 283px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 283px; z-index: 15;\">48,049<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 283px; z-index: 15;\">7,630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 283px; z-index: 15;\">(97)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 283px; z-index: 15;\">55,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 283px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 283px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1842 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1843 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1844 ff260 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> EUR<span class=\"ls0 ws0\"> </span><span class=\"wsef\">1,979<span class=\"ls0 ws0\"> </span></span>mi<span class=\"_ _0\"></span>llion of th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents avail<span class=\"_ _2b\"></span>able for sale has been pl<span class=\"_ _2b\"></span>edged as collate<span class=\"_ _0\"></span>ral (<span class=\"lse2 wsf1\">2021<span class=\"ws103\">: EUR<span class=\"ls0 ws0\"> </span></span>2,032<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">million).</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 225px; height: 20px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 225px; height: 607px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 225px; height: 881px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 225px; height: 881px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 225px; height: 881px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 225px; height: 881px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 225px; height: 881px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments availa<span class=\"_ _0\"></span>ble for sa<span class=\"_ _2b\"></span>le is based on:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsf0\">Level 1: quoted pri<span class=\"_ _0\"></span>ces in activ<span class=\"_ _0\"></span>e markets;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsfa\">Level 2: observ<span class=\"_ _2b\"></span>able market dat<span class=\"_ _2b\"></span>a in active mar<span class=\"_ _0\"></span>kets;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse2 wsf1\">L<span class=\"_ _2\"></span>evel</span><span class=\"ff266\"> <span class=\"lse2 ws103\">3: non</span>-<span class=\"lse0 wsf0\">observable in<span class=\"_ _2b\"></span>puts (counterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _0\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x14d h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 1018px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 1018px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 1018px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 1018px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 987px; z-index: 15;\">21,723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 987px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y608 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 987px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 972px; z-index: 15;\">12,520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,565<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 972px; z-index: 15;\">626<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 972px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Equity <span class=\"wsf3\">securities, private equities and o<span class=\"_ _0\"></span>ther investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 943px; z-index: 15;\">2,621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 943px; z-index: 15;\">934<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 943px; z-index: 15;\">658<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 928px; z-index: 15;\">36,864<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">2,836<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 928px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 928px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y184e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y184f ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 881px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 881px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 881px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 881px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 850px; z-index: 15;\">30,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 850px; z-index: 15;\">551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 850px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 850px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Corporate debt <span class=\"lsef ws10a\">securitie<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 835px; z-index: 15;\">16,002<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 835px; z-index: 15;\">1,953<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 835px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 835px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Equity securities, private equi<span class=\"_ _0\"></span>ties and other investment<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 806px; z-index: 15;\">3,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 806px; z-index: 15;\">1,547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 806px; z-index: 15;\">936<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 806px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 791px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 791px; z-index: 15;\">49,777<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 791px; z-index: 15;\">4,102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 791px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 791px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 780px; height: 247px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1857 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1858 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1859 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The chang<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>in l<span class=\"_ _0\"></span>evel 3 <span class=\"lse2 wsfa\">valuation are<span class=\"_ _2\"></span> as follows.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y185a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 713px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 713px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 713px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 683px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 683px; z-index: 15;\">1,312<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y601 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 668px; z-index: 15;\">(385)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 653px; z-index: 15;\">Acquisitions/divestment of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Maturity/redemption or repayment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 638px; z-index: 15;\">(61)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 638px; z-index: 15;\">(63)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 624px; z-index: 15;\">Acquired<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 624px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 624px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 609px; z-index: 15;\">Proceeds from sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 609px; z-index: 15;\">(129)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 609px; z-index: 15;\">(140)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 594px; z-index: 15;\">Realised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 594px; z-index: 15;\">2</div>\n<div class=\"t m0 xd2 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 594px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 579px; z-index: 15;\">Reversal of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 564px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 564px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e4 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 564px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Unrealised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 549px; z-index: 15;\">(110)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 549px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 535px; z-index: 15;\">Transfers between valuation categories<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 535px; z-index: 15;\">289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 505px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 505px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y186a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186b ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Level 3 v<span class=\"_ _2b\"></span>aluations for p<span class=\"_ _2b\"></span>rivate equities<span class=\"_ _0\"></span> and ve<span class=\"_ _0\"></span>nture ca<span class=\"_ _2b\"></span>pital use fair v<span class=\"_ _2b\"></span>alues</div>\n<div class=\"t m0 x7 h4f y186d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ed in the <span class=\"_ _0\"></span>audite<span class=\"_ _2b\"></span>d financial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s of the <span class=\"_ _0\"></span>relevant<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y186e ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pations.<span class=\"_ _0\"></span> Level 3 val<span class=\"_ _0\"></span>uations f<span class=\"_ _0\"></span>or equiti<span class=\"_ _0\"></span>es and asset<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsef\">back<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x7 h4f y186f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies use a dis<span class=\"_ _0\"></span>coun<span class=\"lse2 ws103\">ted cash flow methodology. Expec<span class=\"_ _2\"></span>ted cash </span></div>\n<div class=\"t m0 x7 h4f y1870 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows tak<span class=\"_ _0\"></span>e into accou<span class=\"_ _0\"></span>nt origin<span class=\"_ _2b\"></span>al underwritin<span class=\"_ _0\"></span>g criteri<span class=\"_ _0\"></span>a, borrow<span class=\"_ _0\"></span>er attrib<span class=\"_ _0\"></span>utes</div>\n<div class=\"t m0 x7 h4f y1871 ff266 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(such as age and<span class=\"_ _2\"></span> credit scores), loan<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">val<span class=\"_ _0\"></span>ue ratios, ex<span class=\"_ _2b\"></span>pected house </span></span></div>\n<div class=\"t m0 x7 h4f y1872 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">price mov<span class=\"_ _0\"></span>ements a<span class=\"_ _0\"></span>nd expect<span class=\"_ _0\"></span>ed prepaym<span class=\"_ _2b\"></span>ent rates etc. Exp<span class=\"_ _0\"></span>ected cash</div>\n<div class=\"t m0 x7 h4f y1873 ff266 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">flow<span class=\"lse0 wsf0\">s are discount<span class=\"_ _2b\"></span>ed at risk<span class=\"ls0 ws0\">-</span>adjusted rat<span class=\"_ _2b\"></span>es. Market parti<span class=\"_ _0\"></span>cipants oft<span class=\"_ _2b\"></span>en use </span></div>\n<div class=\"t m0 x7 h4f y1874 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">such dis<span class=\"_ _0\"></span>counted <span class=\"_ _2b\"></span>cash flow tec<span class=\"_ _0\"></span>hnique<span class=\"_ _0\"></span>s to pric<span class=\"_ _0\"></span>e privat<span class=\"_ _2b\"></span>e equities and</div>\n<div class=\"t m0 x7 h4f y1875 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e capital.<span class=\"_ _0\"></span> We re<span class=\"_ _0\"></span>ly also o<span class=\"_ _0\"></span>n these q<span class=\"_ _0\"></span>uotes t<span class=\"_ _0\"></span>o a certai<span class=\"_ _2b\"></span>n extent when</div>\n<div class=\"t m0 x1a h4f y1876 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuing t<span class=\"_ _2b\"></span>hese instrum<span class=\"_ _0\"></span>ents. Th<span class=\"_ _2b\"></span>ese techniques<span class=\"_ _0\"></span> are<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">subject to inherent </span></span></div>\n<div class=\"t m0 x1a h4f y1877 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limitati<span class=\"_ _2b\"></span>ons, such as estimat<span class=\"_ _0\"></span>ion of the a<span class=\"_ _0\"></span>ppropria<span class=\"_ _2b\"></span>te risk<span class=\"ls0 ws0\">-</span>adjusted dis<span class=\"_ _0\"></span>count</div>\n<div class=\"t m0 x1a h4f y1878 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate, and d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nt assumpt<span class=\"_ _2b\"></span>ions and inputs wou<span class=\"_ _0\"></span>ld yield dif<span class=\"_ _0\"></span>ferent res<span class=\"_ _2b\"></span>ults.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1879 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y187a ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leve<span class=\"_ _2b\"></span>l 3 positions ar<span class=\"_ _2b\"></span>e mainly sensit<span class=\"_ _0\"></span>ive to a c<span class=\"_ _2b\"></span>hange in the l<span class=\"_ _0\"></span>evel of</div>\n<div class=\"t m0 x1a h4f y187b ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d futur<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span>cash flow<span class=\"_ _0\"></span>s and, ac<span class=\"_ _0\"></span>cordi<span class=\"_ _0\"></span>ngly, th<span class=\"_ _0\"></span>eir fair v<span class=\"_ _2b\"></span>alues vary in</div>\n<div class=\"t m0 x1a h4f y187c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ion to c<span class=\"_ _0\"></span>hanges of <span class=\"_ _0\"></span>these c<span class=\"_ _2b\"></span>ash flows. The c<span class=\"_ _2b\"></span>hanges in val<span class=\"_ _0\"></span>ue of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y187d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">level 3 i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents ar<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>nted for<span class=\"_ _0\"></span> in othe<span class=\"_ _0\"></span>r compr<span class=\"_ _0\"></span>ehensive <span class=\"_ _2b\"></span>income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y187e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Q<span class=\"lse0 wsf0\">uantitativ<span class=\"_ _2b\"></span>e unobservable i<span class=\"_ _0\"></span>nputs use<span class=\"_ _0\"></span>d when measu<span class=\"_ _2b\"></span>ring fair value are </span></div>\n<div class=\"t m0 x1a h4f y187f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not devel<span class=\"_ _0\"></span>oped by the ent<span class=\"_ _0\"></span>ity<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 305px; height: 801px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 305px; height: 801px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 305px; height: 801px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 305px; height: 801px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 305px; height: 801px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 305px; height: 801px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff26c fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Govern<span class=\"_ _0\"></span>ment bonds<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>deta<span class=\"_ _0\"></span>iled by cou<span class=\"_ _0\"></span>ntry of ori<span class=\"_ _0\"></span>gin <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff26c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 1065px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 1050px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 1035px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 1065px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 640px; bottom: 1050px; z-index: 15;\">u<span class=\"lse4 wsf4\">nrealised</span> </div>\n<div class=\"t m0 x160 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 1035px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 1050px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1035px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 1005px; z-index: 15;\">10,324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1005px; z-index: 15;\">(1,241)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1005px; z-index: 15;\">9,083<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 990px; z-index: 15;\">3,856<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 990px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">3,855<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Spanish national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 975px; z-index: 15;\">2,287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 661px; bottom: 975px; z-index: 15;\">(338)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">1,949<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 960px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 960px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">1,543<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 945px; z-index: 15;\">1,581<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 945px; z-index: 15;\">(53)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 931px; z-index: 15;\">1,029<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 931px; z-index: 15;\">2</div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 931px; z-index: 15;\">1,031<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 916px; z-index: 15;\">859<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 916px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">920<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 901px; z-index: 15;\">468<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 901px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 886px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 886px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 886px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Polish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 871px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 871px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 871px; z-index: 15;\">232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 856px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 856px; z-index: 15;\">234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 856px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 856px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 842px; z-index: 15;\">158<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 842px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 842px; z-index: 15;\">122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Luxembourg national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 827px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 827px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 827px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 812px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 812px; z-index: 15;\">2</div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 812px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Malta national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 797px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 797px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 797px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 782px; z-index: 15;\">636<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 782px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 782px; z-index: 15;\">601<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 767px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 767px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 767px; z-index: 15;\">(1,794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 767px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 722px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 707px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 692px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 722px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f9 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 640px; bottom: 707px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 692px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 722px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y5f9 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 707px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 692px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 662px; z-index: 15;\">10,891<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 662px; z-index: 15;\">2,203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 662px; z-index: 15;\">13,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 647px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 647px; z-index: 15;\">4,689<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 647px; z-index: 15;\">1,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 647px; z-index: 15;\">5,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 632px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 632px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 632px; z-index: 15;\">357<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 632px; z-index: 15;\">2,481<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 617px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 617px; z-index: 15;\">1,722<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 617px; z-index: 15;\">402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 617px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 602px; z-index: 15;\">Spanish <span class=\"wsf3\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 602px; z-index: 15;\">2,107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 602px; z-index: 15;\">287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 602px; z-index: 15;\">2,394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 588px; z-index: 15;\">1,159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 588px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 588px; z-index: 15;\">1,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 573px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 573px; z-index: 15;\">830<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 573px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 573px; z-index: 15;\">1,065<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 558px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 558px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 558px; z-index: 15;\">521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 543px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 543px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 543px; z-index: 15;\">365<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 528px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 528px; z-index: 15;\">222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 528px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 528px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Polish <span class=\"wsf6\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 513px; z-index: 15;\">274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 513px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 513px; z-index: 15;\">309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 498px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 498px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">244<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Czech Republic national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 469px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 469px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 469px; z-index: 15;\">105<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">US national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 561px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x28a h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 439px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 439px; z-index: 15;\">838<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 439px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 439px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 424px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 424px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 424px; z-index: 15;\">5,196<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 424px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 413px; height: 693px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 413px; height: 693px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 413px; height: 693px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 413px; height: 693px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 413px; height: 693px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 413px; height: 693px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff271 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">table below sh<span class=\"_ _0\"></span>ows net unr<span class=\"_ _0\"></span>ealised<span class=\"_ _0\"></span> gains and los<span class=\"_ _0\"></span>ses on inv<span class=\"_ _0\"></span>estments av<span class=\"_ _2b\"></span>ailable for sale in<span class=\"_ _0\"></span>cluded in e<span class=\"_ _0\"></span>quity<span class=\"lsf4 ws10c\">. </span>Equit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>sec<span class=\"_ _0\"></span>urities a<span class=\"_ _2b\"></span>nd other investment<span class=\"_ _2b\"></span>s also </span></div>\n<div class=\"t m0 x7 h4f y803 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include p<span class=\"_ _0\"></span>rivate eq<span class=\"_ _0\"></span>uities a<span class=\"_ _0\"></span>nd venture c<span class=\"_ _0\"></span>apital.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">Available for sale <span class=\"_ _0\"></span><span class=\"lse4 wsf3\">investments in debt securi<span class=\"_ _0\"></span>ties:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1019px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 989px; z-index: 15;\">(3,277)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">6,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 974px; z-index: 15;\">752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 974px; z-index: 15;\">(1,586)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 959px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 959px; z-index: 15;\">(2,251)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 945px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 945px; z-index: 15;\">652<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 930px; z-index: 15;\">(2,422)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 930px; z-index: 15;\">3,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 884px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 884px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in equity securities and ot<span class=\"_ _0\"></span>her investments:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 854px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 854px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 824px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 824px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 809px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 809px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 809px; z-index: 15;\">(134)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 795px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 795px; z-index: 15;\">(99)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 795px; z-index: 15;\">(756)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 780px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 xd2 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 780px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 780px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 765px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 765px; z-index: 15;\">505<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 765px; z-index: 15;\">477<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18ad ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18ae ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18af ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The chan<span class=\"_ _2b\"></span>ges in impairm<span class=\"_ _0\"></span>ents of i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts ava<span class=\"_ _0\"></span>ilable f<span class=\"_ _2b\"></span>or sale are as fo<span class=\"_ _0\"></span>llows<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18b0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 686px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 686px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff273 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 656px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 656px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 656px; z-index: 15;\">(336)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 641px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y638 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 626px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 611px; z-index: 15;\">(117)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 611px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 596px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 581px; z-index: 15;\">Reversal on sale/disposal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 581px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 581px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 567px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 567px; z-index: 15;\">2</div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 567px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 552px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 541px; height: 565px; width: 84%; z-index: 7;\"><br/></div>\n\n\n<div class=\"t m0 x7 h6a y18b8 ff275 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.3</span> </div>\n<div class=\"t m0 x7 h6a y18b9 ff275 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Investm<span class=\"_ _0\"></span>ents held<span class=\"_ _0\"></span> at fair value throug<span class=\"_ _0\"></span>h profit<span class=\"_ _0\"></span> or loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 457px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 457px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 457px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 427px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 412px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 412px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 412px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 397px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 397px; z-index: 15;\">1</div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 397px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 382px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 382px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 353px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 353px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 353px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 338px; z-index: 15;\">Other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 338px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 338px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 323px; z-index: 15;\">Equity securities and other in<span class=\"_ _2b\"></span>v<span class=\"_ _2\"></span>estments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 323px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 323px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff273 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 308px; z-index: 15;\">Total <span class=\"_ _2b\"></span>investments<span class=\"_ _0\"></span> held<span class=\"_ _0\"></span> at fair<span class=\"_ _2b\"></span> value thr<span class=\"_ _0\"></span>ough <span class=\"_ _0\"></span>profit<span class=\"_ _0\"></span> or los<span class=\"_ _2b\"></span>s<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 308px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 308px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18bf ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c1 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments hel<span class=\"_ _2b\"></span>d at fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh profit o<span class=\"_ _2b\"></span>r loss include <span class=\"_ _0\"></span>primar<span class=\"_ _0\"></span>ily</div>\n<div class=\"t m0 x7 h4f y18c2 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents related t<span class=\"_ _0\"></span>o insura<span class=\"_ _0\"></span>nce liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s where c<span class=\"_ _2b\"></span>ash flows are l<span class=\"_ _0\"></span>inked</div>\n<div class=\"t m0 x7 h4f y18c3 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the p<span class=\"_ _0\"></span>erforma<span class=\"_ _0\"></span>nce of t<span class=\"_ _0\"></span>hese ass<span class=\"_ _0\"></span>ets, ei<span class=\"_ _0\"></span>ther co<span class=\"_ _0\"></span>ntractu<span class=\"_ _0\"></span>ally or o<span class=\"_ _0\"></span>n the bas<span class=\"_ _2b\"></span>is</div>\n<div class=\"t m0 x7 h4f y18c4 ff271 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of discret<span class=\"_ _2\"></span>ionary participation a<span class=\"_ _2\"></span>nd whose measuremen<span class=\"_ _2\"></span>t incorporates</div>\n<div class=\"t m0 x7 h4f y18c5 ff271 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">current informa<span class=\"_ _2\"></span>tion. This measurement signi<span class=\"_ _2\"></span>f<span class=\"lse0 wsf0\">ica<span class=\"_ _0\"></span>ntly reduc<span class=\"_ _2b\"></span>es an </span></div>\n<div class=\"t m0 x7 h4f y18c6 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mism<span class=\"_ _2b\"></span>atch that woul<span class=\"_ _2b\"></span>d otherwise ar<span class=\"_ _0\"></span>ise fro<span class=\"_ _0\"></span>m measur<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>ets</div>\n<div class=\"t m0 x7 h4f y18c7 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and liabi<span class=\"_ _0\"></span>lities an<span class=\"_ _0\"></span>d the relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>gain<span class=\"_ _0\"></span>s and losses<span class=\"_ _0\"></span> on differe<span class=\"_ _2b\"></span>nt bases.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18c8 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Other in<span class=\"_ _0\"></span>vestme<span class=\"_ _2b\"></span>nts held at fair<span class=\"_ _0\"></span> value th<span class=\"_ _2b\"></span>rough profit o<span class=\"_ _0\"></span>r loss rel<span class=\"_ _2b\"></span>ate to</div>\n<div class=\"t m0 x1a h4f y18c9 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents in the pro<span class=\"_ _2b\"></span>perty f<span class=\"lse2 wsf1\">und. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18ca ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The nomin<span class=\"_ _0\"></span>al value of t<span class=\"_ _0\"></span>he debt secu<span class=\"_ _0\"></span>rities hel<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>at fai<span class=\"_ _0\"></span>r value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it</div>\n<div class=\"t m0 x1a h4f y18cb ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or loss as at <span class=\"wsef\">31<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsfa\">2022 is EUR<span class=\"_ _2\"></span></span> <span class=\"lse2 wsfa\">139 million (<span class=\"_ _2\"></span>31</span> </span>Decem<span class=\"_ _2b\"></span>ber<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">202<span class=\"_ _2\"></span>1: </span></span></span></div>\n<div class=\"t m0 x1a h4f y18cc ff271 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">133<span class=\"_ _2\"></span></span> <span class=\"ls102 ws11d\">million).</span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 156px; height: 358px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 156px; height: 950px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 156px; height: 950px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 156px; height: 950px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 156px; height: 950px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 156px; height: 950px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments held at f<span class=\"_ _0\"></span>air valu<span class=\"_ _2b\"></span>e through <span class=\"wsf0\">prof<span class=\"_ _0\"></span>it or loss is ba<span class=\"_ _0\"></span>sed on:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 1</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsfa\">quote<span class=\"_ _0\"></span>d prices i<span class=\"_ _2b\"></span>n active market<span class=\"_ _2b\"></span>s;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 2</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et data in act<span class=\"_ _0\"></span>ive mark<span class=\"_ _0\"></span>ets;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 3</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse2 wsf1\">non</span>-<span class=\"lse0 wsf0\">observabl<span class=\"_ _0\"></span>e inputs (c<span class=\"_ _0\"></span>ounterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _2b\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y807 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation at year<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">end is<span class=\"_ _0\"></span> as follow<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 986px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 986px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 986px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 986px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y601 ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 986px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 956px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 941px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 926px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 911px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 896px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 896px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 896px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 896px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 896px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff27c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total Investments held at<span class=\"_ _0\"></span> fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 867px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 867px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 867px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 867px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 867px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18d7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18d8 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 820px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 820px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 820px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 820px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 820px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 789px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 774px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5fc ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 745px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 730px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 730px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 730px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 730px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 730px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27c fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Total Investments held at <span class=\"lsef ws102\">fair valu<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 460px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 633px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 720px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 700px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 700px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 700px; z-index: 15;\">206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 700px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 700px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 689px; height: 338px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 689px; height: 417px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 689px; height: 417px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y18de ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18df ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h6a y18e0 ff27d fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.4</span> </div>\n<div class=\"t m0 x7 h6a y18e1 ff27d fs46 fcf sc0 ls10c ws12f\" style=\"z-index: 15;\">Deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s held<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>trading<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18e2 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Derivat<span class=\"_ _0\"></span>ives hel<span class=\"_ _2b\"></span>d for trading <span class=\"_ _0\"></span><span class=\"lse2\">are based <span class=\"_ _2\"></span>on <span class=\"lse0 wsef\">level<span class=\"ls0 ws0\"> </span></span><span class=\"ws103\">2 valuation (observable<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y18e3 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market dat<span class=\"_ _2b\"></span>a in<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>act<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s)<span class=\"lsf4 ws114\">. S<span class=\"lse2 wsfa\">ee also note <span class=\"_ _2\"></span><span class=\"wsf1\">27<span class=\"ls0 ws0\"> </span><span class=\"ws103\">Derivatives for<span class=\"_ _2\"></span> further </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y18e4 ff277 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">details<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 533px; height: 89px; width: 346px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y18e5 ff27d fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">10.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y18e6 ff27d fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Securities lending<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18e7 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Under sec<span class=\"_ _0\"></span>urities l<span class=\"_ _0\"></span>ending ag<span class=\"_ _0\"></span>reement<span class=\"_ _0\"></span>s, we have aut<span class=\"_ _2b\"></span>horised third pa<span class=\"_ _0\"></span>rties</div>\n<div class=\"t m0 x7 h4f y18e8 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to use ce<span class=\"_ _0\"></span>rtain of<span class=\"_ _0\"></span> our sec<span class=\"_ _0\"></span>urities f<span class=\"_ _2b\"></span>or a limited p<span class=\"_ _0\"></span>eriod of<span class=\"_ _0\"></span> time, <span class=\"_ _0\"></span>after wh<span class=\"_ _0\"></span>ich</div>\n<div class=\"t m0 x7 h4f y18e9 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">they ret<span class=\"_ _0\"></span>urn the s<span class=\"_ _2b\"></span>ecurities to us<span class=\"_ _0\"></span>. Durin<span class=\"_ _0\"></span>g such ti<span class=\"_ _2b\"></span>me, w<span class=\"wsf0\">e continue to e<span class=\"_ _2b\"></span>arn </span></div>\n<div class=\"t m0 x7 h4f y18ea ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the rev<span class=\"_ _0\"></span>enues th<span class=\"_ _0\"></span>at these <span class=\"_ _2b\"></span>securities g<span class=\"_ _0\"></span>enerat<span class=\"_ _0\"></span>e. We also <span class=\"_ _2b\"></span>benefit from</div>\n<div class=\"t m0 x7 h4f y18eb ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">collate<span class=\"_ _0\"></span>ral under t<span class=\"_ _0\"></span>he form of ot<span class=\"_ _0\"></span>her secu<span class=\"_ _0\"></span>rities wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>a cove<span class=\"_ _2b\"></span>rage rate of at</div>\n<div class=\"t m0 x7 h4f y18ec ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">least 105%.<span class=\"_ _2\"></span> As at year<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">end,<span class=\"_ _0\"></span> such agree<span class=\"_ _0\"></span>ments cov<span class=\"_ _2b\"></span>ered an amount of </span></span></div>\n<div class=\"t m0 x7 h4f y18ed ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 691 mil<span class=\"_ _0\"></span>lion (EUR<span class=\"_ _0\"></span> 738 milli<span class=\"_ _0\"></span>on <span class=\"wsfa\">last ye<span class=\"_ _0\"></span>ar).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y18ee ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h6a y18e0 ff27d fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">10.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y18e1 ff27d fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Interests in unconsolidated<span class=\"_ _0\"></span> structured entities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18e2 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Insura<span class=\"_ _2b\"></span>nce, a subsidiary of<span class=\"_ _0\"></span> Ageas Gro<span class=\"_ _0\"></span>up, <span class=\"ls102 ws11d\">hold</span>s notes <span class=\"lsfb wsfa\">which </span></div>\n<div class=\"t m0 x1a h4f y18e3 ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">represent<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"ws103\">an interest (through<span class=\"_ _2\"></span> the rece<span class=\"lse0 wsf0\">ipt of pri<span class=\"_ _2b\"></span>ncipal and interes<span class=\"_ _0\"></span>t) in<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18e4 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">struct<span class=\"_ _0\"></span>ured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">that <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">it does not </span></span></span></span>consolidat<span class=\"_ _0\"></span>e. The struc<span class=\"_ _0\"></span>tured ent<span class=\"_ _2b\"></span>it<span class=\"ls102 ws11d\">ie<span class=\"_ _2\"></span>s </span></div>\n<div class=\"t m0 x1a h4f y18ef ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">invest<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">in mortgage receivab<span class=\"_ _2\"></span>les </span></span><span class=\"wsf0\">and leas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>eivabl<span class=\"_ _2b\"></span>es and generate<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18f0 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">funds th<span class=\"_ _0\"></span>rough t<span class=\"_ _2b\"></span>he issu<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf0\">of not<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">or units.</span> </span></span></div>\n<div class=\"t m0 x1a h4f y18f1 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f2 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">These structured<span class=\"_ _2\"></span> notes <span class=\"wsfa\">and units <span class=\"lse0 wsf0\">are recorded in \u2019Inv<span class=\"_ _2b\"></span>estments avail<span class=\"_ _0\"></span>able </span></span></div>\n<div class=\"t m0 x1a h4f y18f3 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for sale\u2019.<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Ne<span class=\"_ _2b\"></span>xt to the notes <span class=\"_ _0\"></span>and unit<span class=\"_ _0\"></span>s, AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e does no<span class=\"_ _0\"></span>t <span class=\"lse2\">hold any </span></span></div>\n<div class=\"t m0 x1a h4f y18f4 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other interest<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">in th<span class=\"_ _0\"></span>ese stru<span class=\"_ _0\"></span>ctured <span class=\"_ _0\"></span>entities<span class=\"_ _2b\"></span>. The <span class=\"wsf0\">maximum los<span class=\"_ _2b\"></span>s exposure<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y18f5 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance has is <span class=\"lse2 ws103\">limited to the carrying amoun<span class=\"_ _2\"></span>t of the notes<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">or uni<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18f6 ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">held.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18f7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f8 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e in the Fund of</div>\n<div class=\"t m0 x1a h4f y18f9 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">mortgage loan<span class=\"_ _2\"></span>s amounts to EU<span class=\"_ _2\"></span>R 319 million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR</div>\n<div class=\"t m0 x1a h4f y18fa ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">410 milli<span class=\"_ _0\"></span>on at 31 Decem<span class=\"_ _0\"></span>ber 2021<span class=\"_ _0\"></span>). The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interes<span class=\"_ _0\"></span>t held</div>\n<div class=\"t m0 x1a h4f y18fb ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">by AG Ins<span class=\"_ _2b\"></span>urance in Leas<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">backed rec<span class=\"_ _2b\"></span>eivables amount<span class=\"_ _0\"></span>s to EUR 28 </span></div>\n<div class=\"t m0 x1a h4f y18fc ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">35 millio<span class=\"_ _2b\"></span>n at <span class=\"_ _2\"></span>31 De<span class=\"_ _0\"></span>cember 2<span class=\"_ _0\"></span>021). </span></span></div>\n<div class=\"t m0 x1a h4f y18fd ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG Ins<span class=\"_ _2b\"></span>urance in Privat<span class=\"_ _0\"></span>e Equity</div>\n<div class=\"t m0 x1a h4f y18fe ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts to EUR 173<span class=\"_ _2\"></span> million at 31 December 2022 (EU<span class=\"_ _2\"></span>R 27<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">millio<span class=\"_ _0\"></span>n at 31 </span></span></div>\n<div class=\"t m0 x1a h4f y18ff ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">December <span class=\"lse0 wsef\">2021).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1900 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1901 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Fund of mo<span class=\"_ _0\"></span>rtgage lo<span class=\"_ _2b\"></span>ans is fully detaine<span class=\"_ _2b\"></span>d by AG Insurance, a<span class=\"_ _0\"></span>nd the</div>\n<div class=\"t m0 x1a h4f y1902 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">total ass<span class=\"_ _0\"></span>ets of the Le<span class=\"_ _0\"></span>ase<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">backed receivabl<span class=\"_ _2\"></span>es amounts to E<span class=\"_ _2\"></span>UR 196 </span></span></div>\n<div class=\"t m0 x1a h4f y1903 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>(EUR 339 million <span class=\"_ _2\"></span>at 31 December <span class=\"_ _2\"></span>2021)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 202px; height: 415px; width: 353px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 202px; height: 420px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 201px; height: 905px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 201px; height: 905px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 201px; height: 905px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 201px; height: 905px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls68 ws73\" style=\"z-index: 15;\">Lo<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y608 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Government and official in<span class=\"_ _0\"></span>stitutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">5,020<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">5,120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Commercial loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 771px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 771px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Residential mortgages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Policyholder loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">527<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Interest bearing deposits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">567<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">390<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Loans to banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">325<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 697px; z-index: 15;\">15,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 697px; z-index: 15;\">14,521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Less impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 682px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 682px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Total L<span class=\"_ _2b\"></span>oans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 667px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 667px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y194f ff28e fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">12.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1950 ff28e fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Commercial<span class=\"_ _0\"></span> loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff28a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 573px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 573px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 542px; z-index: 15;\">Real Estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 542px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 542px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff28a fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Infr<span class=\"_ _2\"></span>astruct<span class=\"_ _2\"></span>ure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 527px; z-index: 15;\">1,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 527px; z-index: 15;\">1,624<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 513px; z-index: 15;\">5,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 513px; z-index: 15;\">4,705<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 498px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 483px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 483px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 483px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Total commercial <span class=\"lse7 ws109\">loa<span class=\"_ _2b\"></span>ns<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 468px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 468px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1959 ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195a ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195b ff28a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas has grante<span class=\"_ _2\"></span>d credit lines for a total<span class=\"_ _2\"></span> <span class=\"wsfa\">amount of EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">523<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws115\">million (<span class=\"lse0 wsef\">31</span></span> </span>December<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span>2021</span></span>: EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">1,024</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span>  </span></div>\n<div class=\"t m0 x7 h6a y195c ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">12<span class=\"ls10b ws12e\">.2<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y195d ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Lease Maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 327px; z-index: 15;\">Finance lease receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 327px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 327px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 296px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 296px; z-index: 15;\">7</div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 296px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 281px; z-index: 15;\">1 year to 3 <span class=\"wsf4\">years<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 281px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 281px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 266px; z-index: 15;\">3 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 266px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 266px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 252px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 252px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 252px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 237px; z-index: 15;\">Total Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 237px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 237px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 226px; height: 735px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 226px; height: 735px; width: 86%; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>3</div>\n<div class=\"t m0 x7 h6a y79d ff293 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Collateral on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for loans<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79f ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">Total credit exposure loans<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1018px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1018px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 987px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 987px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 958px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Financial instruments</span> </div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 958px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 958px; z-index: 15;\">386<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 943px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 943px; z-index: 15;\">1,968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">1,999<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">Other collateral and guarantees</span> </div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 928px; z-index: 15;\">116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 928px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 913px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unsecured exposure</span> </div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">13,068<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">12,003<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Collateral amounts in exce<span class=\"_ _0\"></span>ss of credit exposure (1)<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 898px; z-index: 15;\">835<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 898px; z-index: 15;\">919<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y196c ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 870px; height: 236px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 870px; height: 236px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y196d ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>4</div>\n<div class=\"t m0 x7 h6a y196e ff293 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Impairment<span class=\"_ _0\"></span>s on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y60e ff291 fs3c fc10 sc0 lsef ws10a\" style=\"left: 506px; bottom: 787px; z-index: 15;\">Spec<span class=\"_ _2\"></span>ific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff291 fs3c fc10 sc0 lsef ws102\" style=\"left: 498px; bottom: 772px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 787px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff291 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 604px; bottom: 772px; z-index: 15;\">IBNR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y60e ff291 fs3c fc10 sc0 lsef ws10a\" style=\"left: 679px; bottom: 787px; z-index: 15;\">Spec<span class=\"_ _2\"></span>ific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff291 fs3c fc10 sc0 lsef ws102\" style=\"left: 671px; bottom: 772px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 787px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff291 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 776px; bottom: 772px; z-index: 15;\">IBNR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff295 fs3c fc10 sc0 lsec ws100\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Balan<span class=\"_ _2\"></span>ce as at 1 <span class=\"lse4 wsf4\">January<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x74 h54 y5fc ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 742px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 620px; bottom: 742px; z-index: 15;\">4</div>\n<div class=\"t m0 x74 h54 y5fc ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 742px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 792px; bottom: 742px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5f7 ff291 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 727px; z-index: 15;\">4</div>\n<div class=\"t m0 xbf h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 727px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 526px; bottom: 712px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 712px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff291 fs3c fc14 sc0 lsee ws166\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">offs of uncollectible loans</span> </span></div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y63a ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 697px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 683px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5ff ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 620px; bottom: 683px; z-index: 15;\">1</div>\n<div class=\"t m0 x74 h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 683px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5ff ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 792px; bottom: 683px; z-index: 15;\">4</div>\n<div class=\"t m0 x7 h4f y1977 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1978 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1979 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for impa<span class=\"_ _0\"></span>ired loa<span class=\"_ _0\"></span>ns.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y197a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Total impaired credit exposu<span class=\"_ _0\"></span>re on loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 604px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 604px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 574px; z-index: 15;\">Impaired outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 574px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 574px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 544px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 544px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 544px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Collateral and guarantees in <span class=\"_ _2b\"></span>ex<span class=\"_ _2\"></span>cess o<span class=\"_ _0\"></span>f impaired credit exposure (1<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 529px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 529px; z-index: 15;\">8</div>\n<div class=\"t m0 x7 h5c y1981 ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 501px; height: 144px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1982 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1983 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1984 ff291 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span>s in uncons<span class=\"_ _2b\"></span>olidated struct<span class=\"_ _0\"></span>ured ent<span class=\"_ _0\"></span>ities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1985 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance, togethe<span class=\"_ _0\"></span>r with Ag<span class=\"_ _2b\"></span>eas France, Age<span class=\"_ _0\"></span>as Port<span class=\"_ _2b\"></span>ugal and Ageas</div>\n<div class=\"t m0 x7 h4f y1986 ff291 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hold not<span class=\"_ _2b\"></span>es which repres<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\">s </span><span class=\"wsef\">interest<span class=\"ls0 ws0\">s </span><span class=\"wsfa\">(thro<span class=\"_ _0\"></span>ugh the r<span class=\"_ _0\"></span>eceipt </span></span></span></div>\n<div class=\"t m0 x7 h4f y1987 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of princi<span class=\"_ _0\"></span>pal and int<span class=\"_ _0\"></span>erest) in st<span class=\"_ _0\"></span>ructure<span class=\"_ _2b\"></span>d entit<span class=\"lse2 wsf1\">ies<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">that <span class=\"_ _2\"></span></span></span><span class=\"ws103\">Ageas group<span class=\"ls0 ws0\"> </span></span>do</span><span class=\"wsef\">es<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">not<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1988 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidate.<span class=\"_ _2\"></span> The structured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf1\">inves<span class=\"wsfa\">t in mortgag<span class=\"_ _2\"></span>e receivables and<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1989 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are financed<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">through the is<span class=\"_ _2\"></span>su<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">of notes. </span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y198a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y198b ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Next to t<span class=\"_ _0\"></span>he notes<span class=\"_ _0\"></span>, AG Ins<span class=\"_ _2b\"></span>urance, Ageas F<span class=\"_ _2b\"></span>rance<span class=\"lse2\">, Ageas Rei<span class=\"_ _2\"></span>nsurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y198c ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l do not hold any<span class=\"_ _0\"></span> other inte<span class=\"_ _2b\"></span>rest in th<span class=\"ls0 ws0\">ese<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">structured </span></span></div>\n<div class=\"t m0 x1a h4f y198d ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">entit<span class=\"lse2 wsf1\">ies</span><span class=\"wsfa\">. T<span class=\"_ _0\"></span>he maximu<span class=\"_ _0\"></span>m loss e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">AG Insura</span><span class=\"wsf0\">nce, Ageas Fra<span class=\"_ _2b\"></span>nce, </span></span></div>\n<div class=\"t m0 x1a h4f y198e ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas Rei<span class=\"_ _2b\"></span>nsurance and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">have is li<span class=\"_ _0\"></span>mited t<span class=\"_ _0\"></span>o the ca<span class=\"_ _0\"></span>rrying </span></div>\n<div class=\"t m0 x1a h4f y198f ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amount <span class=\"wsf0\">of th<span class=\"_ _0\"></span>e notes hel<span class=\"_ _0\"></span>d (EUR 2,729<span class=\"_ _2b\"></span> million at 31 Dece<span class=\"_ _0\"></span>mber 2022 an<span class=\"_ _2b\"></span>d </span></div>\n<div class=\"t m0 x1a h4f y1990 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 2,35<span class=\"_ _0\"></span>5 million at 31 D<span class=\"_ _0\"></span>ecembe<span class=\"_ _0\"></span>r 2021).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 360px; height: 115px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 360px; height: 746px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">R<span class=\"_ _2b\"></span>einsurance and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">other<span class=\"_ _2\"></span> receiv<span class=\"_ _2b\"></span>a<span class=\"_ _2\"></span>bles</div>\n\n<div class=\"t m0 x66 h52 y1550 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Reinsurers' share of lia<span class=\"_ _0\"></span>bilities arising<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 771px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">from insurance and investment contracts</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">822<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Receivables from policyholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">375<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">409<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Fees and commissions recei<span class=\"_ _0\"></span>vable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Receivables from <span class=\"lsec wsfe\">interm<span class=\"_ _2\"></span>ediarie<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Reinsurance receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 697px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2a9 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 682px; z-index: 15;\">2,042<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 682px; z-index: 15;\">2,201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 667px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 667px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y180c ff2a9 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 652px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 652px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17eb ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ec ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ed ff2a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Ot<span class=\"_ _2b\"></span>her\u2019 includes VAT a<span class=\"_ _2b\"></span>nd other indirect ta<span class=\"_ _0\"></span>xes<span class=\"lse2 ws103\">, as well as <span class=\"wsfa\">the advance<span class=\"_ _2\"></span> payment of EUR<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">0.3</span> <span class=\"ls102 ws11d\">mil<span class=\"_ _2\"></span>lion</span> (</span><span class=\"wsf1\">2021<span class=\"lsfa ws11e\">: E<span class=\"_ _2\"></span>UR<span class=\"ls0 ws0\"> </span></span>109<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">millio<span class=\"_ _2\"></span>n)</span> </span></span></span></span>to Sticht<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x7 h4f y17ee ff2a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Forsett<span class=\"_ _0\"></span>lement (s<span class=\"_ _2b\"></span>ee note<span class=\"ls0 ws0\"> 25<span class=\"_ _2\"></span> <span class=\"lsfb wsfa\">Provi<span class=\"_ _2\"></span>sions).</span> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 579px; height: 246px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y19d0 ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Changes in impairments of<span class=\"_ _0\"></span> reinsurance and other re<span class=\"_ _0\"></span>ceivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 558px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 558px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2a8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2a8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2a9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y603 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 527px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y603 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 527px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 513px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f2 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 513px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 498px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 498px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2a6 fs3c fc14 sc0 lsee ws166\" style=\"left: 69px; bottom: 483px; z-index: 15;\">Write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">offs of uncollectible amounts</span> </span></div>\n<div class=\"t m0 x2e4 h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 483px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 483px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 468px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 468px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2a9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 453px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y5f9 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 453px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y5f9 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 453px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y19d3 ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y19d4 ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 ydd0 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 ydd0 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 391px; z-index: 15;\">Changes in the reinsur<span class=\"_ _0\"></span>er\u2019s share of liabilities arising <span class=\"_ _2b\"></span>f<span class=\"_ _2\"></span>rom insura<span class=\"_ _0\"></span>nce and investment con<span class=\"_ _0\"></span>tracts <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f9 ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 391px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f9 ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 391px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 361px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 361px; z-index: 15;\">801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 361px; z-index: 15;\">720<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 346px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 346px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f7 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 346px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 331px; z-index: 15;\">Change in liabilities curren<span class=\"_ _0\"></span>t year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 331px; z-index: 15;\">176<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 331px; z-index: 15;\">179<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 316px; z-index: 15;\">Change in liabilities prior <span class=\"_ _0\"></span><span class=\"lsec wsfe\">year<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y601 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 316px; z-index: 15;\">1</div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 316px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 301px; z-index: 15;\">Claims paid current ye<span class=\"_ _0\"></span>ar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 301px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 301px; z-index: 15;\">(42)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 287px; z-index: 15;\">Claims paid prior years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 287px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 287px; z-index: 15;\">(39)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 272px; z-index: 15;\">Other net additions thr<span class=\"_ _0\"></span>ough income statement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y603 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 272px; z-index: 15;\">8</div>\n<div class=\"t m0 x145 h52 y603 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 272px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 257px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y608 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 257px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 257px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y1550 ff2a9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 242px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y1550 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 242px; z-index: 15;\">822<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y1550 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 242px; z-index: 15;\">801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 231px; height: 730px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"_ _2b\"></span>ccrued in<span class=\"_ _2b\"></span>terest</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and other asse<span class=\"_ _2b\"></span>ts</div>\n<div class=\"t m0 x66 h52 y5f4 ff2ac fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff2ac fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2ae fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2ae fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2ac fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Defer<span class=\"_ _2\"></span>red acqu<span class=\"_ _2\"></span>isition c<span class=\"_ _2\"></span>ost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Deferred other charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ac fs3c fc14 sc0 lse5 ws15d\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Accrued in<span class=\"_ _0\"></span>come<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,000<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives held for he<span class=\"_ _0\"></span>dging purposes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 726px; z-index: 15;\">Property intended for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 726px; z-index: 15;\">240<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 726px; z-index: 15;\">323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Defined benefit assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 697px; z-index: 15;\">79<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 697px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2af fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 682px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 682px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff2af fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 652px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 652px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y19f0 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y19f1 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y19f2 ff2ac fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Accrued inc<span class=\"_ _2\"></span>ome <span class=\"lse0 wsf0\">consi<span class=\"_ _0\"></span>sts mainl<span class=\"_ _0\"></span>y of accrue<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t income o<span class=\"_ _0\"></span>n </span></div>\n<div class=\"t m0 x7 h4f y19f3 ff2ac fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">government b<span class=\"_ _2\"></span>onds (<span class=\"wsf1\">2022<span class=\"ws103\">: EUR<span class=\"ls0 ws0\"> </span></span>634<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">million; </span></span>2021<span class=\"_ _2\"></span><span class=\"lsfa ws136\">: EUR<span class=\"ls0 ws0\"> </span></span>657<span class=\"ls0 ws0\"> </span></span>mi<span class=\"_ _2\"></span>llion) and</div>\n<div class=\"t m0 x7 h4f y19f4 ff2ac fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">corporat<span class=\"_ _2b\"></span>e bonds (<span class=\"lse2 wsf1\">2022<span class=\"lsfd ws120\">: EUR<span class=\"ls0 ws0\"> </span></span>19<span class=\"_ _2\"></span>8<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million; <span class=\"_ _2\"></span></span></span>2021<span class=\"wsfa\">: EUR<span class=\"ls0 ws0\"> </span></span>212<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion).</span> </span></span></div>\n<div class=\"t m0 x7 h4f y19f5 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y19f6 ff2ac fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Ot<span class=\"_ _2b\"></span>her\u2019 consists ma<span class=\"_ _0\"></span>inly of bui<span class=\"_ _0\"></span>ldings hel<span class=\"_ _0\"></span>d for resale.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y19f7 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y19f8 ff2ac fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Details a<span class=\"_ _0\"></span>bout deriv<span class=\"_ _2b\"></span>atives can be foun<span class=\"_ _0\"></span>d in Note 27 Deri<span class=\"_ _0\"></span>vatives.</div>\n\n<div class=\"t m0 x7 h4f y19f9 ff2ac fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">Deferred <span class=\"lse1 ws104\">acquisition costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y19fa ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ac fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y603 ff2ac fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 495px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff2ac fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 495px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff2ac fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2ae fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2ae fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2af fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 464px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 464px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 464px; z-index: 15;\">408<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 450px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 450px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y638 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 450px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2ac fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 435px; z-index: 15;\">Capi<span class=\"_ _2\"></span>talised d<span class=\"_ _2\"></span>eferred ac<span class=\"_ _2\"></span>quisit<span class=\"_ _2\"></span>ion costs<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 435px; z-index: 15;\">349<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 435px; z-index: 15;\">419<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 420px; z-index: 15;\">Depreciation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 420px; z-index: 15;\">(371)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 420px; z-index: 15;\">(420)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 405px; z-index: 15;\">Other purchases and s<span class=\"_ _0\"></span>ales of activities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 405px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e4 h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 405px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 390px; z-index: 15;\">Other adjustments including exchange<span class=\"_ _2b\"></span> r<span class=\"_ _2\"></span>ate di<span class=\"_ _0\"></span>fferences<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 390px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 390px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2af fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 375px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 375px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 375px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 364px; height: 172px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 364px; height: 597px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 364px; height: 597px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Su<span class=\"_ _2\"></span>bordin<span class=\"_ _2\"></span>a<span class=\"_ _2b\"></span>ted<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">liabilit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x66 h52 y1550 ff30b fs3c fc10 sc0 lsec ws100\" style=\"left: 550px; bottom: 816px; z-index: 15;\">31 Dec<span class=\"_ _2\"></span>em<span class=\"lse4 wsf3\">ber 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y1550 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff30b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Issued by Ageasfinlux S.A.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y608 ff30d fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y608 ff30d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">FRESH Restricted Tier 1 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 786px; z-index: 15;\">151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 786px; z-index: 15;\">384<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Issued by <span class=\"ls0 ws0\">A</span><span class=\"wsf4\">geas <span class=\"lse6 wsf7\">SA/NV<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x16 h52 y5f9 ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5f9 ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Perpetual Subordinated Fixed Rate Resettable Temporary Write<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">Down Restricted<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x16 h52 y60e ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y60e ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsec ws100\">Ti<span class=\"_ _2\"></span>er 1 Notes</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 741px; z-index: 15;\">744<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 741px; z-index: 15;\">744<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Subordinated Fixed to <span class=\"wsf3\">Floating Rate Tie<span class=\"_ _0\"></span>r 2 Notes<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 727px; z-index: 15;\">991<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 727px; z-index: 15;\">989<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff30b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Issued by AG Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5fc ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5fc ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff30b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Subordinated Fixed to <span class=\"_ _0\"></span>Floating Rate Tier 2 Lo<span class=\"_ _0\"></span>an<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 697px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 697px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Fixed Rate Reset Dated Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 682px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 682px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Fixed to Floating Callable Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 667px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 667px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff30b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Issued by Millenniumbcp Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y180c ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y180c ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Fixed to Floating Rate Callable Subordinated Restricted Tier 1 Loan<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 637px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff30e fs3c fc10 sc0 lse8 wsf9\" style=\"left: 69px; bottom: 623px; z-index: 15;\">Total subordinated liabi<span class=\"_ _2\"></span>lities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y603 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 623px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y603 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 623px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c16 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c17 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 576px; z-index: 15;\"> </div>\n<div class=\"t m0 x45 h52 y605 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 549px; bottom: 576px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 576px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff30e fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff30e fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y603 ff30d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff30e fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 545px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y5f2 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 545px; z-index: 15;\">2,758<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Proceeds from <span class=\"lsef ws10a\">issua<span class=\"_ _2\"></span>nce<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y632 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y632 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Redemption<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 515px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5f2 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 515px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 500px; z-index: 15;\">Realised Gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 ydd0 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 ydd0 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 486px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span><span class=\"wsf6\">(see 20.1 below for more details)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 486px; z-index: 15;\">(231)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 486px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff30e fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 471px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 471px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y60e ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 471px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c18 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c19 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c1a ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Most of the out<span class=\"_ _2b\"></span>standing subor<span class=\"_ _2b\"></span>dinated liabil<span class=\"_ _0\"></span>ities as at 31 D<span class=\"_ _0\"></span>ecember 2<span class=\"_ _0\"></span>022 are posit<span class=\"_ _2b\"></span>ions with a maturity<span class=\"_ _0\"></span> of more tha<span class=\"_ _0\"></span>n 5 years.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c1b ff30f fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c1c ff30f fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">FRESH Grandfathere<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\"> <span class=\"ls101 ws11b\">Restricted Tier 1 Notes</span> </span></div>\n<div class=\"t m0 x7 h4f y1c1d ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 7 May 2002,<span class=\"_ _0\"></span> Ageasfi<span class=\"_ _0\"></span>nlux S.A. i<span class=\"_ _0\"></span>ssued und<span class=\"_ _0\"></span>ated Flo<span class=\"_ _0\"></span>ating Rat<span class=\"_ _0\"></span>e Equity<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1c1e ff30b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">linked S<span class=\"_ _0\"></span>ubordi<span class=\"_ _0\"></span>nated Hy<span class=\"_ _2b\"></span>brid capital s<span class=\"_ _2b\"></span>ecurities (FR<span class=\"_ _0\"></span>ESH) for <span class=\"_ _2b\"></span>a to<span class=\"lsfc ws115\">tal<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1c1f ff30b fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">principal am<span class=\"_ _2\"></span>ount of EUR<span class=\"ls0 ws0\"> </span><span class=\"ws103\">1,250<span class=\"_ _2\"></span> million at a floating rate<span class=\"_ _2\"></span> of 3<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">mont<span class=\"_ _0\"></span>h </span></span></span></div>\n<div class=\"t m0 x7 h4f y1c20 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Euribor + 1<span class=\"_ _0\"></span>35 basis poi<span class=\"_ _2b\"></span>nts. The securiti<span class=\"_ _2b\"></span>es have no maturity<span class=\"_ _0\"></span> date, but</div>\n<div class=\"t m0 x7 h4f y1c21 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">may be exch<span class=\"_ _0\"></span>anged<span class=\"_ _0\"></span> for Ageas sha<span class=\"_ _0\"></span>res at a price of E<span class=\"_ _0\"></span>UR 315 per s<span class=\"_ _0\"></span>hare at</div>\n<div class=\"t m0 x7 h4f y1c22 ff30b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the discretion<span class=\"_ _2\"></span> of the holder. The securities<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">wil<span class=\"_ _0\"></span>l automat<span class=\"_ _2b\"></span>ically convert int<span class=\"_ _0\"></span>o </span></div>\n<div class=\"t m0 x7 h4f y1c23 ff30b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas shares i<span class=\"_ _2\"></span>f the price of the Ageas share<span class=\"_ _2\"></span> is equal to or higher than</div>\n<div class=\"t m0 x7 h4f y1c24 ff30b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EUR 472.<span class=\"_ _2b\"></span>50 on twenty c<span class=\"_ _2b\"></span>onsecutive st<span class=\"_ _0\"></span>ock exch<span class=\"_ _0\"></span>ange bus<span class=\"_ _0\"></span>iness da<span class=\"_ _2b\"></span>ys. The</div>\n<div class=\"t m0 x7 h4f y1c25 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies qualif<span class=\"_ _0\"></span>y as Grandf<span class=\"_ _2b\"></span>athered Tier 1 capit<span class=\"_ _2b\"></span>al under Solvency<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">II and </span></span></div>\n<div class=\"t m0 x7 h4f y1c26 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are rated A<span class=\"_ _0\"></span><span class=\"ls0 ws0\">- <span class=\"lse2 wsfa\">by<span class=\"_ _2\"></span> Standard &amp; Poor\u2019<span class=\"_ _2\"></span>s, Baa2 by Moody\u2019<span class=\"_ _2\"></span>s and BBB by Fi<span class=\"_ _2\"></span>tch.</span> </span></div>\n<div class=\"t m0 x7 h4f y1c27 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c28 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The secur<span class=\"_ _0\"></span>ities wer<span class=\"_ _0\"></span>e issued by A<span class=\"_ _0\"></span>geasfinl<span class=\"_ _2b\"></span>ux S.A., with <span class=\"lse2 wsf1\">Ageas <span class=\"ls107 ws122\">SA/NV </span></span></div>\n<div class=\"t m0 x1a h4f y1c29 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">acting as c<span class=\"_ _0\"></span>o<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">obligor. The<span class=\"_ _2\"></span> principal amount of the sec<span class=\"_ _2\"></span>urities will not be </span></span></div>\n<div class=\"t m0 x1a h4f y1c2a ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">repaid in ca<span class=\"_ _0\"></span>sh. The so<span class=\"_ _0\"></span>le recours<span class=\"_ _0\"></span>e of the hold<span class=\"_ _0\"></span>ers of the FR<span class=\"_ _0\"></span>ES<span class=\"lse2 wsfa\">H against </span></div>\n<div class=\"t m0 x1a h4f y1c2b ff30b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the co<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">obligors with res<span class=\"_ _2b\"></span>pect to the princip<span class=\"_ _0\"></span>al amount ar<span class=\"_ _0\"></span>e the <span class=\"lse2 wsf1\">currently </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c2c ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding 1.2 <span class=\"ls102 ws11d\">million<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">Ageas share<span class=\"_ _2\"></span>s that Ageasfinlux</span> </span></span>S.A. pledged in</div>\n<div class=\"t m0 x1a h4f y1c2d ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">favour of s<span class=\"_ _0\"></span>uch hold<span class=\"_ _0\"></span>ers. Pendi<span class=\"_ _2b\"></span>ng the exchange of the F<span class=\"_ _0\"></span>RESH for Ag<span class=\"_ _2b\"></span>eas</div>\n<div class=\"t m0 x1a h4f y1c2e ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shares, t<span class=\"_ _0\"></span>hese Age<span class=\"_ _0\"></span>as shares do not<span class=\"_ _0\"></span> hav<span class=\"wsfa\">e any <span class=\"_ _2b\"></span>dividend right<span class=\"_ _2b\"></span>s or voting </span></div>\n<div class=\"t m0 x1a h4f y1c2f ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rights (th<span class=\"_ _2b\"></span>e reported number of<span class=\"_ _0\"></span> outstan<span class=\"_ _0\"></span>ding Age<span class=\"_ _0\"></span>as shares<span class=\"_ _0\"></span> as at</div>\n<div class=\"t m0 x1a h4f y1c30 ff30b fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span>Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">2022 alrea<span class=\"_ _0\"></span>dy includ<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>the 1.<span class=\"_ _2b\"></span>2<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion</span> <span class=\"lse2 ws103\">Ageas shar<span class=\"_ _2\"></span>es issued </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c31 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for the pur<span class=\"_ _0\"></span>pose of such ex<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 161px; height: 800px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 161px; height: 800px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the ev<span class=\"_ _0\"></span>ent that <span class=\"_ _2b\"></span>dividends ar<span class=\"_ _0\"></span>e not pa<span class=\"_ _0\"></span>id on th<span class=\"_ _0\"></span>e Ageas s<span class=\"_ _0\"></span>hares, <span class=\"_ _0\"></span>or that t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y803 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds to be decla<span class=\"_ _2b\"></span>red are below a thres<span class=\"_ _0\"></span>hold wit<span class=\"_ _0\"></span>h respect to any<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al year (div<span class=\"_ _2b\"></span>idend yield less th<span class=\"_ _0\"></span>an 0.5%) an<span class=\"_ _0\"></span>d in certain ot<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x7 h4f y805 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">exceptional ci<span class=\"_ _2\"></span>rcumstances, payment of coupon<span class=\"_ _2\"></span>s w<span class=\"wsfa\">ill be made in </span></div>\n<div class=\"t m0 x7 h4f y806 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">accorda<span class=\"_ _2b\"></span>nce with the so<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">cal<span class=\"_ _0\"></span>led alte<span class=\"_ _0\"></span>rnative co<span class=\"_ _0\"></span>upon sett<span class=\"_ _0\"></span>lement<span class=\"_ _0\"></span> method </span></div>\n<div class=\"t m0 x7 h4f y807 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(ACSM). The<span class=\"_ _2\"></span> ACSM implies tha<span class=\"_ _2\"></span>t new Ageas shares <span class=\"_ _2\"></span>will be issued <span class=\"_ _2\"></span>and</div>\n<div class=\"t m0 x7 h4f y808 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deliver<span class=\"_ _0\"></span>ed to the hol<span class=\"_ _0\"></span>ders of the FR<span class=\"_ _0\"></span>ESH. To dat<span class=\"_ _0\"></span>e all coupo<span class=\"_ _0\"></span>ns have be<span class=\"_ _0\"></span>en</div>\n<div class=\"t m0 x7 h4f y809 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">paid in c<span class=\"_ _0\"></span>ash. If t<span class=\"_ _2b\"></span>he ACSM is tri<span class=\"_ _2b\"></span>ggered <span class=\"wsf0\">and there is i<span class=\"_ _0\"></span>nsuffi<span class=\"_ _0\"></span>cient avai<span class=\"_ _0\"></span>lable </span></div>\n<div class=\"t m0 x7 h4f y80a ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">authoris<span class=\"_ _2b\"></span>ed capital to e<span class=\"_ _0\"></span>nable <span class=\"lse2 wsf1\">Ageas <span class=\"wsfa\">SA/NV to mee<span class=\"_ _2\"></span>t the ACSM obligation<span class=\"_ _2\"></span>, </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cou<span class=\"_ _0\"></span>pon sett<span class=\"_ _0\"></span>lement w<span class=\"_ _2b\"></span>ill be postpon<span class=\"_ _0\"></span>ed until s<span class=\"_ _2b\"></span>uch time as the <span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> to</div>\n<div class=\"t m0 x7 h4f y80c ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">issue sh<span class=\"_ _0\"></span>ares is r<span class=\"_ _2b\"></span>estor<span class=\"lse2 wsf1\">ed.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y80d ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80e ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 19 No<span class=\"_ _0\"></span>vember <span class=\"_ _0\"></span>2019 Ag<span class=\"_ _0\"></span>eas launc<span class=\"_ _2b\"></span>hed, through <span class=\"_ _0\"></span>its whol<span class=\"_ _0\"></span>ly owne<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y80f ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subsidi<span class=\"_ _0\"></span>ary Agea<span class=\"_ _2b\"></span>sfinlux S.A., <span class=\"_ _0\"></span>an offe<span class=\"_ _0\"></span>r to purc<span class=\"_ _2b\"></span>hase in cash an<span class=\"_ _0\"></span>y and al<span class=\"_ _0\"></span>l of</div>\n<div class=\"t m0 x7 h4f y810 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the outst<span class=\"_ _0\"></span>anding FR<span class=\"_ _0\"></span>ESH secu<span class=\"_ _0\"></span>rities. A<span class=\"_ _0\"></span>geasfi<span class=\"_ _0\"></span>nlux S.A. si<span class=\"_ _2b\"></span>multaneously</div>\n<div class=\"t m0 x7 h4f y90a ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">launched a conse<span class=\"_ _2\"></span>nt solicitation to permit<span class=\"_ _2\"></span> the purchase of the FRESH</div>\n<div class=\"t m0 x7 h4f y90b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies. Co<span class=\"_ _0\"></span>nsent of <span class=\"_ _2b\"></span>at least a majo<span class=\"_ _0\"></span>rity of th<span class=\"_ _2b\"></span>e aggregate pri<span class=\"_ _2b\"></span>ncipal</div>\n<div class=\"t m0 x7 h4f y90c ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the FR<span class=\"_ _2b\"></span>ESH outstand<span class=\"_ _0\"></span>ing was<span class=\"_ _0\"></span> necess<span class=\"_ _0\"></span>ary for t<span class=\"_ _0\"></span>he prop<span class=\"_ _2b\"></span>osed</div>\n<div class=\"t m0 x7 h4f y90d ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ent to th<span class=\"_ _2b\"></span>e conditions of<span class=\"_ _0\"></span> the FRE<span class=\"_ _2b\"></span>SH to be adopt<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90e ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90f ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 3 January 2020,<span class=\"_ _2\"></span> Ageas announced that in to<span class=\"_ _2\"></span>tal 65.50<span class=\"lsfd ws116\">% </span></div>\n<div class=\"t m0 x7 h4f y910 ff312 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">(EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">818<span class=\"_ _2\"></span>,750,000) of the<span class=\"_ _2\"></span> aggregate principal<span class=\"_ _2\"></span> amount of the F<span class=\"_ _2\"></span>RESH </span></span></div>\n<div class=\"t m0 x7 h4f y911 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">securities <span class=\"_ _2\"></span>outstanding were tende<span class=\"_ _2\"></span>red and accepted<span class=\"_ _2\"></span> for purchase.</div>\n<div class=\"t m0 x7 h4f y912 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subsequently<span class=\"_ _2\"></span>, at the beginning<span class=\"_ _2\"></span> of Q2 2020 Agea<span class=\"_ _2\"></span>s purchased FRESH</div>\n<div class=\"t m0 x7 h4f y913 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">securities <span class=\"_ _2\"></span>representing an agg<span class=\"_ _2\"></span>regate principal am<span class=\"_ _2\"></span>ount of EUR</div>\n<div class=\"t m0 x7 h4f y914 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">47,250,<span class=\"_ _0\"></span>000 follo<span class=\"_ _0\"></span>wing a revers<span class=\"_ _2b\"></span>e inquiry by a third<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">part<span class=\"_ _2b\"></span>y holder. All th<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y915 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">purchased F<span class=\"_ _2\"></span>RESH securities in 2<span class=\"_ _2\"></span>020 were exchanged<span class=\"_ _2\"></span> into 2,749,206</div>\n<div class=\"t m0 x7 h4f y916 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">underlying s<span class=\"_ _2\"></span>hares of <span class=\"wsf1\">Ageas </span>SA<span class=\"_ _2\"></span>/NV. These shares <span class=\"_ _2\"></span>are recognised on<span class=\"_ _2\"></span> the</div>\n<div class=\"t m0 x7 h4f y917 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Group\u2019s balan<span class=\"_ _2\"></span>ce sheet as treasury shares<span class=\"_ _2\"></span> and are n<span class=\"lse0 wsf0\">ot entit<span class=\"_ _2b\"></span>led to </span></div>\n<div class=\"t m0 x7 h4f y918 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds or votin<span class=\"_ _0\"></span>g rights.<span class=\"_ _0\"></span> The total n<span class=\"_ _0\"></span>umber of out<span class=\"_ _0\"></span>standi<span class=\"_ _2b\"></span>ng shares of</div>\n<div class=\"t m0 x7 h4f y919 ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV as an effect <span class=\"_ _2\"></span>from the operation<span class=\"_ _2\"></span> remains unchanged.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y91a ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y91b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the co<span class=\"_ _0\"></span>urse of t<span class=\"_ _2b\"></span>he fourth qua<span class=\"_ _0\"></span>rter of 20<span class=\"_ _0\"></span>22, <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span></span><span class=\"wsf0\">SA/NV ac<span class=\"_ _2b\"></span>quired an </span></div>\n<div class=\"t m0 x7 h4f y91c ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">aggregate p<span class=\"_ _2\"></span>rincipal amount o<span class=\"_ _2\"></span>f EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">233.25<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">mil<span class=\"_ _2\"></span>lion of FRESH<span class=\"_ _2\"></span> securities </span></span></span></div>\n<div class=\"t m0 x7 h4f y91d ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which we<span class=\"_ _0\"></span>re issued in 2<span class=\"_ _2b\"></span>002 by Ageasfinlux<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"ls107 ws11c\">S.A. The EU<span class=\"_ _2b\"></span>R<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2<span class=\"_ _2\"></span>33.25</span> <span class=\"ls102 ws11d\">million<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y91e ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of FRESH sec<span class=\"_ _2b\"></span>urities acquir<span class=\"_ _0\"></span>ed are curr<span class=\"_ _0\"></span>ently hel<span class=\"_ _0\"></span>d by <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">SA/NV<span class=\"_ _2\"></span> and </span></span></div>\n<div class=\"t m0 x7 h4f y91f ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have not yet<span class=\"_ _0\"></span> been exch<span class=\"_ _0\"></span>anged int<span class=\"_ _0\"></span>o Ageas shar<span class=\"_ _2b\"></span>es. Therefore as at</div>\n<div class=\"t m0 x7 h4f y920 ff312 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span>Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">2022 EUR</span> <span class=\"lse2 wsf1\">3<span class=\"_ _2\"></span>84</span> m<span class=\"lse2 wsfa\">illion in <span class=\"_ _2\"></span>aggregate principa<span class=\"_ _2\"></span>l amount </span></span></div>\n<div class=\"t m0 x7 h4f y921 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">remains out<span class=\"_ _2\"></span>standing at the l<span class=\"_ _2\"></span>evel of Ageasfin<span class=\"_ _2\"></span>lux<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">S.A. The EU<span class=\"_ _2b\"></span>R 233.25 </span></span></div>\n<div class=\"t m0 x7 h4f y922 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">million is<span class=\"_ _0\"></span> eliminat<span class=\"_ _2b\"></span>ed at Ageas group lev<span class=\"_ _0\"></span>el. Pleas<span class=\"_ _0\"></span>e refer to not<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span>32 for the</div>\n<div class=\"t m0 x7 h4f y923 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">resulti<span class=\"_ _0\"></span>ng impa<span class=\"_ _0\"></span>ct on th<span class=\"_ _0\"></span>e consoli<span class=\"_ _2b\"></span>dated income st<span class=\"_ _2b\"></span>atement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c3f ff314 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">20.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c40 ff314 fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls127 ws14c\">SA/NV Sub<span class=\"ls103 ws11f\">or<span class=\"_ _2\"></span>dinated <span class=\"_ _2\"></span>Fixed t<span class=\"_ _2\"></span>o Floati<span class=\"_ _2\"></span>ng Rate <span class=\"_ _2\"></span></span></span></span></div>\n<div class=\"t m0 x7 h6a y1c41 ff314 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Tier 2 <span class=\"_ _2\"></span>Notes <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c42 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 24 Nov<span class=\"_ _2\"></span>ember 2020 <span class=\"wsf1\">Ageas <span class=\"_ _2\"></span></span><span class=\"lse0\">SA/<span class=\"_ _2b\"></span>NV issued debt<span class=\"_ _0\"></span> securit<span class=\"_ _2b\"></span>ies in the for<span class=\"_ _0\"></span>m </span></div>\n<div class=\"t m0 x7 h4f y1c43 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of EUR 5<span class=\"_ _0\"></span>00 mill<span class=\"_ _0\"></span>ion Subo<span class=\"_ _0\"></span>rdinate<span class=\"_ _2b\"></span>d Fixed to Flo<span class=\"_ _0\"></span>ating Rat<span class=\"_ _2b\"></span>e Tier 2 Notes</div>\n<div class=\"t m0 x7 h4f y1c44 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">maturin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>in 205<span class=\"_ _0\"></span>1. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c45 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c46 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Notes h<span class=\"_ _0\"></span>ave a fixed co<span class=\"_ _0\"></span>upon rate of<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>1.87<span class=\"_ _0\"></span>5% payab<span class=\"_ _0\"></span>le a<span class=\"lse2 wsfa\">nnually until<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1c47 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the first re<span class=\"_ _0\"></span>set date (2<span class=\"_ _0\"></span>4 Novem<span class=\"_ _0\"></span>ber 2031). A<span class=\"_ _0\"></span>s of the first r<span class=\"_ _0\"></span>eset date,<span class=\"_ _0\"></span> the</div>\n<div class=\"t m0 x7 h4f y1c48 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">coupon become<span class=\"_ _2\"></span>s payable quarterly<span class=\"_ _2\"></span> at a 3<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">month Euribo<span class=\"_ _2b\"></span>r floating rate </span></span></div>\n<div class=\"t m0 x7 h4f y1c49 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed with an initial cred<span class=\"_ _0\"></span>it sprea<span class=\"_ _0\"></span>d and a 100 basi<span class=\"_ _0\"></span>s points st<span class=\"_ _0\"></span>ep<span class=\"ls0 ws0\">-</span><span class=\"wsef\">up. </span></div>\n<div class=\"t m0 x1a h4f y1c4a ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Note tha<span class=\"_ _0\"></span>t Ageas<span class=\"_ _0\"></span> at its <span class=\"_ _0\"></span>option<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">may ch<span class=\"_ _2b\"></span>oose to call the instr<span class=\"_ _0\"></span>ument as of<span class=\"_ _0\"></span> 24 </span></div>\n<div class=\"t m0 x1a h4f y1c4b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">May 2031,<span class=\"_ _2b\"></span> which is 6 mo<span class=\"_ _0\"></span>nths prio<span class=\"_ _0\"></span>r to the <span class=\"_ _0\"></span>first re<span class=\"_ _0\"></span>set dat<span class=\"_ _0\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c4c ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c4d ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The instr<span class=\"_ _0\"></span>ument qual<span class=\"_ _2b\"></span>ifies as Tier 2 capita<span class=\"_ _0\"></span>l for both Ag<span class=\"_ _0\"></span>eas Group a<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x1a h4f y1c4e ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV under Solvency I<span class=\"_ _2\"></span>I and is rated A<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> </span>by both S<span class=\"_ _2\"></span>tandard &amp; </span></div>\n<div class=\"t m0 x1a h4f y1c4f ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Poor\u2019s and Fitch<span class=\"_ _2\"></span>. T<span class=\"lse0 wsfa\">he ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span> is lis<span class=\"_ _2b\"></span>ted on the regu<span class=\"_ _0\"></span>lated ma<span class=\"_ _2b\"></span>rket of the </span></div>\n<div class=\"t m0 x1a h4f y1c50 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Luxembourg S<span class=\"_ _2\"></span>tock Exchange.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a yee5 ff314 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c51 ff314 fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls101 ws11b\">SA/NV Perpetual Subord<span class=\"_ _0\"></span>inated Fixed Rate </span></span></div>\n<div class=\"t m0 x1a h6a y1c52 ff314 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Resettable<span class=\"_ _0\"></span> Temporary Write<span class=\"ls0 ws0\">-<span class=\"ls127 ws14c\">Down Restr<span class=\"_ _2\"></span>icted Tier </span></span></div>\n<div class=\"t m0 x1a h6a y1c53 ff314 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">1 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yda4 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 10 Dec<span class=\"_ _2\"></span>ember 2019 <span class=\"wsf1\">Ageas <span class=\"_ _2\"></span><span class=\"ws103\">SA/NV issued subordinated deb<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f yda5 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">securities <span class=\"_ _2\"></span>for an aggregate<span class=\"_ _2\"></span> principal amount of <span class=\"_ _2\"></span>EUR 750 million i<span class=\"_ _2\"></span>n the</div>\n<div class=\"t m0 x1a h4f yda6 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">form of Per<span class=\"_ _0\"></span>petual S<span class=\"_ _0\"></span>ubordi<span class=\"_ _0\"></span>nated Fix<span class=\"_ _0\"></span>ed Rate Res<span class=\"_ _0\"></span>ettabl<span class=\"_ _0\"></span>e Tempora<span class=\"_ _0\"></span>ry Write<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1c54 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Down Rest<span class=\"_ _2b\"></span>ricted Tier 1 Notes. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c55 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c56 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">These not<span class=\"_ _0\"></span>es have a fix<span class=\"_ _0\"></span>ed coupon rat<span class=\"_ _2b\"></span>e of 3.875% payab<span class=\"_ _0\"></span>l<span class=\"lse2 ws103\">e annually with </span></div>\n<div class=\"t m0 x1a h4f y1c57 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reset in Jun<span class=\"_ _0\"></span>e 2030 (no st<span class=\"_ _0\"></span>ep<span class=\"ls0 ws0\">-</span>up) and eve<span class=\"_ _2b\"></span>ry 5 <span class=\"_ _2\"></span>yea<span class=\"_ _0\"></span>rs there<span class=\"_ _0\"></span>after. They<span class=\"_ _0\"></span> have</div>\n<div class=\"t m0 x1a h4f y1c58 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">no sched<span class=\"_ _2b\"></span>uled maturity <span class=\"_ _0\"></span>date an<span class=\"_ _0\"></span>d, exce<span class=\"_ _0\"></span>pt in cert<span class=\"_ _0\"></span>ain lim<span class=\"_ _0\"></span>ited cir<span class=\"_ _0\"></span>cumsta<span class=\"_ _0\"></span>nces,</div>\n<div class=\"t m0 x1a h4f y1c59 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">may not be<span class=\"_ _2\"></span> redeemed by <span class=\"wsf1\">Agea<span class=\"_ _2\"></span>s <span class=\"lse0 wsf0\">SA/NV b<span class=\"_ _0\"></span>efore the<span class=\"_ _0\"></span> six month pe<span class=\"_ _0\"></span>riod </span></span></div>\n<div class=\"t m0 x1a h4f y1c5a ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">precedi<span class=\"_ _0\"></span>ng June 20<span class=\"_ _0\"></span>30.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c5b ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c5c ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">They quali<span class=\"_ _2\"></span><span class=\"lse0\">fy<span class=\"_ _0\"></span> as rest<span class=\"_ _0\"></span>ricted T<span class=\"_ _0\"></span>ier 1 ca<span class=\"_ _0\"></span>pital fo<span class=\"_ _0\"></span>r both Ag<span class=\"_ _2b\"></span>eas Group and </span></div>\n<div class=\"t m0 x1a h4f y1c5d ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">SA/NV under So<span class=\"_ _2b\"></span>lvency II and are rate<span class=\"_ _0\"></span>d BBB+ by St<span class=\"_ _0\"></span>andard &amp; </span></span></div>\n<div class=\"t m0 x1a h4f y1c5e ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Poor\u2019s a<span class=\"_ _0\"></span>nd BBB b<span class=\"_ _2b\"></span>y Fitch. They <span class=\"_ _0\"></span>are list<span class=\"_ _2b\"></span>ed on the regul<span class=\"_ _2b\"></span>ated market of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y1c5f ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Luxembourg S<span class=\"_ _2\"></span>tock Exchange<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1c60 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c61 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The net proc<span class=\"_ _0\"></span>eeds from<span class=\"_ _0\"></span> the issua<span class=\"_ _0\"></span>nce o<span class=\"wsfa\">f this<span class=\"_ _0\"></span> instrum<span class=\"_ _2b\"></span>ent were used f<span class=\"_ _0\"></span>or </span></div>\n<div class=\"t m0 x1a h4f y1c62 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">general<span class=\"_ _0\"></span> corporat<span class=\"_ _2b\"></span>e purposes an<span class=\"_ _0\"></span>d to stre<span class=\"_ _0\"></span>ngthen t<span class=\"_ _2b\"></span>he regulatory <span class=\"_ _0\"></span>solve<span class=\"_ _0\"></span>ncy of</div>\n<div class=\"t m0 x1a h4f y1c63 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Ageas Group an<span class=\"_ _2\"></span>d its operating subsidiari<span class=\"_ _2\"></span>es, including by way of</div>\n<div class=\"t m0 x1a h4f y1c64 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">replacing the<span class=\"_ _2\"></span> FRESH securities that were tendered<span class=\"_ _2\"></span> as part of the offer</div>\n<div class=\"t m0 x1a h4f y1c65 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">launche<span class=\"_ _0\"></span>d by Ageas in 201<span class=\"_ _2b\"></span>9 (see 20.1).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c66 ff314 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">20.4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c67 ff314 fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls103 ws11f\">SA/NV S<span class=\"_ _2\"></span>ubordina<span class=\"_ _2\"></span>ted Fix<span class=\"_ _2\"></span>ed to F<span class=\"_ _2\"></span>loating <span class=\"_ _2\"></span>Rate </span></span></div>\n<div class=\"t m0 x1a h6a y1c68 ff314 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Tier 2 <span class=\"_ _2\"></span>Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c69 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 10 Apr<span class=\"_ _0\"></span>il 2019 <span class=\"_ _0\"></span><span class=\"lse2 wsf1\">Ageas <span class=\"ws103\">SA<span class=\"_ _2\"></span>/NV issued its inaugural debt se<span class=\"_ _2\"></span>curities in </span></span></div>\n<div class=\"t m0 x1a h4f y1c6a ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the form of EU<span class=\"_ _0\"></span>R 500 milli<span class=\"_ _2b\"></span>on Subordinated F<span class=\"_ _0\"></span>ixed to Flo<span class=\"_ _0\"></span>ating Rat<span class=\"_ _0\"></span>e Tier 2</div>\n<div class=\"t m0 x1a h4f y1c6b ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Notes mat<span class=\"_ _0\"></span>uring in 204<span class=\"_ _2b\"></span>9.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c6c ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c6d ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">These not<span class=\"_ _0\"></span>es have a fix<span class=\"_ _0\"></span>ed coupon rat<span class=\"_ _2b\"></span>e of 3.25% payabl<span class=\"_ _0\"></span>e annually<span class=\"_ _0\"></span> until</div>\n<div class=\"t m0 x1a h4f y1c6e ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the first<span class=\"_ _0\"></span> call d<span class=\"_ _0\"></span>ate (2 J<span class=\"_ _0\"></span>uly 202<span class=\"_ _0\"></span>9). As of t<span class=\"_ _2b\"></span>he first call da<span class=\"_ _0\"></span>te, the c<span class=\"_ _2b\"></span>oupon</div>\n<div class=\"t m0 x1a h4f y1c6f ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">becomes<span class=\"_ _0\"></span> payable qu<span class=\"_ _0\"></span>arterly at<span class=\"_ _0\"></span> a 3<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">month Euri<span class=\"_ _0\"></span>bor float<span class=\"_ _2b\"></span>ing rate incre<span class=\"_ _2b\"></span>ased </span></div>\n<div class=\"t m0 x1a h4f y1c70 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with an init<span class=\"_ _2b\"></span>ial credit spread an<span class=\"_ _2b\"></span>d a 100 bas<span class=\"lse1 ws11d\">is points step<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">up.</span> </span></span></div>\n<div class=\"t m0 x1a h4f y1c71 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c72 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This inst<span class=\"_ _0\"></span>rument qu<span class=\"_ _0\"></span>alifies as T<span class=\"_ _0\"></span>ier 2 capita<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>for bo<span class=\"_ _0\"></span>th Ageas Gr<span class=\"_ _2b\"></span>oup and</div>\n<div class=\"t m0 x1a h4f y1c73 ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV under Solvency I<span class=\"_ _2\"></span>I and is rated A<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> </span>by both S<span class=\"_ _2\"></span>tandard &amp; </span></div>\n<div class=\"t m0 x1a h4f y1c74 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Poor\u2019s and Fitch<span class=\"_ _2\"></span>. It is listed on the regulate<span class=\"_ _2\"></span>d market of the Luxembourg</div>\n<div class=\"t m0 x1a h4f y1c75 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Stock Exchan<span class=\"_ _2\"></span>ge<span class=\"ls0 ws0\">.  </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 235px; height: 871px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 235px; height: 871px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff318 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">AG Insurance Subordinated Fixed to Floating Rate</div>\n<div class=\"t m0 x7 h6a y1c77 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Tier 2 <span class=\"_ _2\"></span>Loan<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c78 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 27 June 20<span class=\"_ _0\"></span>19, Ageas a<span class=\"_ _0\"></span>nd BNP Par<span class=\"_ _0\"></span>ibas Card<span class=\"_ _0\"></span>if grant<span class=\"_ _0\"></span>ed a EUR 300</div>\n<div class=\"t m0 x7 h4f y1c79 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million (A<span class=\"_ _2\"></span>geas: EUR 225 million<span class=\"_ _2\"></span>; BNP Paribas Ca<span class=\"_ _2\"></span>rdif: EUR 75 million<span class=\"_ _2\"></span>)</div>\n<div class=\"t m0 x7 h4f y1c7a ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subordi<span class=\"_ _0\"></span>nated loa<span class=\"_ _0\"></span>n to AG Insur<span class=\"_ _0\"></span>ance at an int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>e of 3.25% as a</div>\n<div class=\"t m0 x7 h4f y1c7b ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partial re<span class=\"_ _2b\"></span>placement for the US<span class=\"_ _2b\"></span>D 550 million notes<span class=\"_ _0\"></span> which had bee<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y1c7c ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">redeem<span class=\"_ _0\"></span>ed in Marc<span class=\"_ _2b\"></span>h 2019. The int<span class=\"_ _2b\"></span>ercompany loan <span class=\"_ _0\"></span>betwee<span class=\"_ _0\"></span>n Ageas a<span class=\"_ _2b\"></span>nd</div>\n<div class=\"t m0 x7 h4f y1c7d ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Insura<span class=\"_ _2b\"></span>nce is eliminated at Ag<span class=\"_ _2b\"></span>eas group level. Th<span class=\"_ _0\"></span>e loan may be<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y1c7e ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">repaid at t<span class=\"_ _0\"></span>he opti<span class=\"wsfa\">on o<span class=\"_ _0\"></span>f AG Ins<span class=\"_ _0\"></span>urance,<span class=\"_ _2b\"></span> in whole but n<span class=\"_ _0\"></span>ot in part,<span class=\"_ _0\"></span> on the f<span class=\"_ _2b\"></span>irst </span></div>\n<div class=\"t m0 x7 h4f y1c7f ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">call date at 2<span class=\"_ _2b\"></span>7 <span class=\"_ _2\"></span>Jun<span class=\"_ _0\"></span>e 2029 or at any in<span class=\"_ _0\"></span>terest pay<span class=\"_ _2b\"></span>ment date thereaf<span class=\"_ _0\"></span>ter. On</div>\n<div class=\"t m0 x7 h4f y1c80 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">their first<span class=\"_ _0\"></span> call date<span class=\"_ _0\"></span> the Notes w<span class=\"_ _0\"></span>ill bear inte<span class=\"_ _0\"></span>rest at a flo<span class=\"_ _0\"></span>ating rat<span class=\"_ _0\"></span>e of 3</div>\n<div class=\"t m0 x7 h4f y1c81 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">month Euribor<span class=\"_ _2\"></span> plus 3.800% per<span class=\"_ _2\"></span> annum, payable q<span class=\"_ _2\"></span>uar<span class=\"lsfc ws115\">terly.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y1c82 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c83 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">AG Insuran<span class=\"_ _2\"></span>ce Fixed Rate Reset <span class=\"_ _2\"></span>Dated</div>\n<div class=\"t m0 x7 h6a y1c84 ff318 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yef4 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 31 Marc<span class=\"_ _2b\"></span>h 2015, AG Ins<span class=\"_ _2b\"></span>urance issued E<span class=\"_ _0\"></span>UR 400 m<span class=\"_ _2b\"></span>illion Fixed R<span class=\"_ _0\"></span>ate</div>\n<div class=\"t m0 x7 h4f yef5 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Reset Dat<span class=\"_ _0\"></span>ed Subor<span class=\"_ _2b\"></span>dinated Tier 2 Secur<span class=\"_ _0\"></span>ities du<span class=\"_ _0\"></span>e 2047 at an inte<span class=\"_ _0\"></span>rest rate</div>\n<div class=\"t m0 x7 h4f y1c85 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of 3.5% and w<span class=\"_ _0\"></span>ith a maturit<span class=\"_ _0\"></span>y of 32 year<span class=\"_ _0\"></span>s. The securit<span class=\"_ _2b\"></span>ies may be</div>\n<div class=\"t m0 x7 h4f y1c86 ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">redeemed at the<span class=\"_ _2\"></span> option of AG<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Insuranc<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>in wh<span class=\"_ _0\"></span>ole but not<span class=\"_ _0\"></span> in part, on the </span></span></div>\n<div class=\"t m0 x7 h4f y1c87 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">first cal<span class=\"_ _0\"></span>l date at 30 June 2<span class=\"_ _0\"></span>027 or at any<span class=\"_ _0\"></span> interest pa<span class=\"_ _0\"></span>yment dat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>ereafter.<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y1c88 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On the f<span class=\"_ _0\"></span>irst cal<span class=\"_ _0\"></span>l date an<span class=\"_ _0\"></span>d on eac<span class=\"_ _0\"></span>h fifth an<span class=\"_ _0\"></span>nivers<span class=\"_ _0\"></span>ary of t<span class=\"_ _0\"></span>he first <span class=\"_ _0\"></span>call dat<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y1c89 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the int<span class=\"_ _0\"></span>erest <span class=\"wsf0\">rat<span class=\"_ _0\"></span>e will be reset<span class=\"_ _0\"></span> equal to t<span class=\"_ _0\"></span>he sum of the fiv<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>year e<span class=\"_ _2b\"></span>uro mid </span></div>\n<div class=\"t m0 x7 h4f y1c8a ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">swap rat<span class=\"_ _0\"></span>e plus 3.<span class=\"_ _2b\"></span>875%. The Note<span class=\"_ _0\"></span>s are lis<span class=\"_ _0\"></span>ted on t<span class=\"_ _2b\"></span>he Luxembourg <span class=\"_ _2b\"></span>Stock</div>\n<div class=\"t m0 x7 h4f y1c8b ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Exchange and<span class=\"_ _2\"></span> qualify as Tier<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span><span class=\"lse0\">2 capi<span class=\"_ _0\"></span>tal und<span class=\"_ _0\"></span>er Solv<span class=\"_ _0\"></span>ency II.<span class=\"_ _0\"></span> They are <span class=\"_ _0\"></span>rated </span></div>\n<div class=\"t m0 x7 h4f y1c8c ff316 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A- <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">by both Standard<span class=\"_ _2\"></span> &amp; Poor\u2019s and <span class=\"_ _2\"></span>Fitch.</span> </div>\n<div class=\"t m0 x1a h6a y79c ff318 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">20.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y79d ff318 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2\"></span><span class=\"ls10c ws12f\">ance F<span class=\"_ _2\"></span>ixed<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls101 ws11b\">to Floating Callable<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span></span></span></span></div>\n<div class=\"t m0 x1a h6a y1c77 ff318 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c78 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 18 Dec<span class=\"_ _2\"></span>ember 2013, AG In<span class=\"_ _2\"></span>surance issued EUR 45<span class=\"_ _2\"></span>0 million Fixed<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">to</span>-</span></div>\n<div class=\"t m0 x1a h4f y1c79 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Floati<span class=\"_ _0\"></span>ng Callab<span class=\"_ _0\"></span>le Subordi<span class=\"_ _0\"></span>nated Ti<span class=\"_ _0\"></span>er 2 Notes due 2<span class=\"_ _0\"></span>044 at an inter<span class=\"_ _2b\"></span>est rate</div>\n<div class=\"t m0 x1a h4f y1c7a ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of 5.25% and w<span class=\"_ _0\"></span>ith a matur<span class=\"_ _0\"></span>ity of 31 ye<span class=\"_ _0\"></span>ars. The not<span class=\"_ _0\"></span>es may be <span class=\"lse2 wsf1\">redeemed </span></div>\n<div class=\"t m0 x1a h4f y1c7b ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the o<span class=\"_ _0\"></span>ption of A<span class=\"_ _2b\"></span>G Insurance, i<span class=\"_ _0\"></span>n whole b<span class=\"_ _2b\"></span>ut not in part, <span class=\"_ _0\"></span>on the f<span class=\"_ _0\"></span>irst cal<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x1a h4f y1c7c ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date at 18 Jun<span class=\"_ _0\"></span>e 2024 or at any i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> payment da<span class=\"_ _0\"></span>te there<span class=\"_ _0\"></span>after. On</div>\n<div class=\"t m0 x1a h4f y1c7d ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fi<span class=\"_ _0\"></span>rst call <span class=\"_ _0\"></span>date t<span class=\"_ _0\"></span>he Notes<span class=\"_ _0\"></span> will be<span class=\"_ _0\"></span>ar inter<span class=\"_ _0\"></span>est at a fl<span class=\"_ _2b\"></span>oating rate of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1c7e ff316 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">3 <span class=\"lse0 wsf0\">month Euribor p<span class=\"_ _0\"></span>lus 4.136%<span class=\"_ _0\"></span> per<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">annum, payable<span class=\"_ _2\"></span> quarterly. </span> </span></span></div>\n<div class=\"t m0 x1a h4f y1c7f ff316 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c80 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Notes a<span class=\"_ _2\"></span>re subscribed by <span class=\"wsf1\">A<span class=\"_ _2\"></span>geas <span class=\"lsfa ws136\">SA/NV (<span class=\"_ _2\"></span>EUR<span class=\"ls0 ws0\"> </span></span>350<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">million) and by </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c81 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">BNP Paribas <span class=\"_ _2\"></span>Fortis SA/NV (EUR<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">100 mi<span class=\"_ _0\"></span>llion) an<span class=\"_ _0\"></span>d are listed o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x1a h4f y1c8d ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Luxembourg S<span class=\"_ _2\"></span>tock Exchange. The Notes qualify a<span class=\"_ _2\"></span>s Tier<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">2 capital u<span class=\"_ _2b\"></span>nder </span></span></div>\n<div class=\"t m0 x1a h4f y1c8e ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Solvency II and are<span class=\"_ _2\"></span> rated A<span class=\"ls0 ws0\">- <span class=\"lse0 wsf0\">by both Standar<span class=\"_ _0\"></span>d &amp; Poor\u2019s an<span class=\"_ _0\"></span>d Fitch. Th<span class=\"_ _0\"></span>e </span></span></div>\n<div class=\"t m0 x1a h4f y1c8f ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">part under<span class=\"_ _2\"></span>written by <span class=\"wsf1\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">SA/NV is eliminat<span class=\"_ _0\"></span>ed as inte<span class=\"_ _0\"></span>rcompa<span class=\"_ _0\"></span>ny </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c90 ff316 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a yef4 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c91 ff318 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Millenniumbcp <span class=\"_ _2\"></span>Ageas Fixed<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls101 ws11b\">to</span>-<span class=\"ls112 ws133\">Floating Callable </span></span></div>\n<div class=\"t m0 x1a h6a y1c92 ff318 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Subordinated Grandfathered <span class=\"_ _2\"></span>Restricted Tier 1 Loan<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c93 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 5 Dec<span class=\"_ _0\"></span>ember 2<span class=\"_ _0\"></span>014, Ag<span class=\"_ _0\"></span>eas Ins<span class=\"_ _0\"></span>urance I<span class=\"_ _2b\"></span>nternational N.<span class=\"_ _2b\"></span>V. (51%) (AII)</div>\n<div class=\"t m0 x1a h4f y1c94 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and BCP I<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ents B.V. (49%<span class=\"_ _2b\"></span>) granted a su<span class=\"_ _0\"></span>bordinat<span class=\"_ _2b\"></span>ed loan of</div>\n<div class=\"t m0 x1a h4f y1c95 ff316 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">120 million t<span class=\"_ _0\"></span>o Mille<span class=\"_ _0\"></span>nniumbc<span class=\"_ _0\"></span>p Ageas at<span class=\"_ _0\"></span> 4.75% <span class=\"_ _2b\"></span>per annum up to t<span class=\"_ _2b\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f y1c96 ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">first call da<span class=\"_ _2\"></span>te in December 2019 and 6 month Eur<span class=\"_ _2\"></span>ibor + 475 basis points</div>\n<div class=\"t m0 x1a h4f y1c97 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">per annum <span class=\"_ _2\"></span>thereafter. <span class=\"ls0 ws0\">A<span class=\"lse0 wsf0\">s of Q2 2020 the loan pre<span class=\"_ _0\"></span>viously<span class=\"_ _0\"></span> owned by </span></span></div>\n<div class=\"t m0 x1a h4f y1c98 ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas Insuran<span class=\"_ _2\"></span>ce International has been tran<span class=\"_ _2\"></span>sferred to the balance sheet<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1c99 ff316 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">of <span class=\"lse2 wsf1\">Ageas <span class=\"_ _2\"></span><span class=\"lsfa ws114\">SA/NV.<span class=\"ls0 ws0\"> </span></span><span class=\"ws103\">The par<span class=\"_ _2\"></span>t underwritten by </span>Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV is eliminated </span></span></div>\n<div class=\"t m0 x1a h4f y1c9a ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because i<span class=\"_ _0\"></span>t is an interco<span class=\"_ _2b\"></span>mpany transac<span class=\"_ _0\"></span>tion. The Not<span class=\"_ _2b\"></span>es qualify as</div>\n<div class=\"t m0 x1a h4f y1c9b ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Grandf<span class=\"_ _0\"></span>athered Ti<span class=\"_ _2b\"></span>er<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">1 capital under Sol<span class=\"_ _2\"></span>vency II.</span> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 582px; height: 524px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 582px; height: 524px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Borro<span class=\"_ _2b\"></span>win<span class=\"_ _2\"></span>gs</div>\n<div class=\"t m0 x66 h52 y1550 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Repurchase agreements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">2,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">2,078<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">838<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff31c fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Due to ba<span class=\"_ _2b\"></span>nks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">3,052<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">2,916<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Funds held under reinsurance agreements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Lease liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Other borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff31c fs3c fc10 sc0 lsee ws101\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 697px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 697px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c9e ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c9f ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca0 ff31a fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Repurchase a<span class=\"_ _2\"></span>greements are essen<span class=\"_ _2\"></span>tially secured shor<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term loa<span class=\"_ _2b\"></span>ns <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at </span></span></div>\n<div class=\"t m0 x7 h4f y1ca1 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are used to h<span class=\"_ _0\"></span>edge specif<span class=\"_ _2b\"></span>ic investment<span class=\"_ _0\"></span>s with resett<span class=\"_ _2b\"></span>able interest rat<span class=\"_ _2b\"></span>es and</div>\n<div class=\"t m0 x7 h4f y1ca2 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for cash man<span class=\"_ _2b\"></span>agement purpos<span class=\"_ _0\"></span>es. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1ca3 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca4 ff31a fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas has p<span class=\"_ _2\"></span>ledged <span class=\"ws103\">property as <span class=\"lse0 wsf0\">collateral for l<span class=\"_ _2b\"></span>oans and other with a </span></span></div>\n<div class=\"t m0 x7 h4f y1ca5 ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amoun<span class=\"_ _2\"></span><span class=\"lsfc ws0\">t of EUR<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span><span class=\"wsf1\">159<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">millio<span class=\"_ _2\"></span>n (</span></span>2021<span class=\"ls0 ws0\">: <span class=\"lsfa ws114\">E<span class=\"_ _2\"></span>UR</span> </span>166<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million<span class=\"_ _2\"></span>). </span> </span></span></div>\n<div class=\"t m0 x7 h4f y1ca6 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca7 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing value of<span class=\"_ _0\"></span> the borrow<span class=\"_ _0\"></span>ings is a reas<span class=\"_ _0\"></span>onabl<span class=\"_ _0\"></span>e approxi<span class=\"_ _0\"></span>mation of</div>\n<div class=\"t m0 x7 h4f y1ca8 ff31a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e as cont<span class=\"_ _0\"></span>ract mat<span class=\"_ _2b\"></span>urities are l<span class=\"_ _0\"></span>ess than <span class=\"_ _0\"></span>one ye<span class=\"_ _0\"></span>ar (repu<span class=\"_ _0\"></span>rchase</div>\n<div class=\"t m0 x1a h4f y1ca9 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">agreem<span class=\"_ _0\"></span>ents) and/<span class=\"_ _0\"></span>or contrac<span class=\"_ _0\"></span>ts carry a f<span class=\"_ _0\"></span>loating rat<span class=\"_ _2b\"></span>e (loans<span class=\"ls0 ws0\"> </span>from bank<span class=\"_ _0\"></span>s<span class=\"lsf4 ws10c\">). </span></div>\n<div class=\"t m0 x1a h4f y1caa ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Accordingly<span class=\"_ _2\"></span>, the fair value is based upo<span class=\"lse0 wsf0\">n observable mar<span class=\"_ _2b\"></span>ket data </span></div>\n<div class=\"t m0 x1a h4f y1cab ff31a fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">(level<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2).</span> </span></div>\n<div class=\"t m0 x1a h4f y1cac ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1cad ff31a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liabilities ar<span class=\"_ _2b\"></span>e discounted u<span class=\"_ _0\"></span>sing the <span class=\"_ _2b\"></span>lessee\u2019s incre<span class=\"_ _0\"></span>mental</div>\n<div class=\"t m0 x1a h4f y1cae ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ing rate and<span class=\"_ _0\"></span> the interest<span class=\"_ _0\"></span> expense on t<span class=\"_ _0\"></span>he lease li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> is</div>\n<div class=\"t m0 x1a h4f y1caf ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">presented sepa<span class=\"_ _2\"></span>rately from the depreciation e<span class=\"_ _2\"></span>xpense of the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsef\">use </span></span></div>\n<div class=\"t m0 x1a h4f y1cb0 ff31a fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">asset.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cb1 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cb2 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 477px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 477px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff31c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 446px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 446px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 446px; z-index: 15;\">3,920<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 431px; z-index: 15;\">Transfer to held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 431px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y603 ff31c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 431px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Acquisition/divestments of subsidiarie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 416px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y605 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 416px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Proceeds from issuance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 401px; z-index: 15;\">223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 401px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 387px; z-index: 15;\">Payments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 387px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 387px; z-index: 15;\">(375)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Foreign <span class=\"wsf3\">exchange differences and other c<span class=\"_ _0\"></span>hanges<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 372px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 372px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 357px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 357px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cbc ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbd ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbe ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the undiscounted cash<span class=\"_ _2\"></span> flows of the borrowings, excep<span class=\"_ _2\"></span>t for lease liabilities, cla<span class=\"_ _2\"></span>ssified by relevant<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">mat<span class=\"_ _2\"></span>urity group as at<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1cbf ff31a fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span>Decemb<span class=\"_ _0\"></span>er.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cc0 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y70b ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 263px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y70b ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 263px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 232px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 232px; z-index: 15;\">2,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 232px; z-index: 15;\">2,898<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 217px; z-index: 15;\">1 year to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 217px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 217px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 202px; z-index: 15;\">3 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 202px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 202px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 188px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 188px; z-index: 15;\">624<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 188px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff31c fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 173px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 173px; z-index: 15;\">3,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 173px; z-index: 15;\">3,056<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 162px; height: 799px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As a conseq<span class=\"_ _0\"></span>uence of the C<span class=\"_ _2b\"></span>ovid pandemic, th<span class=\"_ _0\"></span>e Group\u2019s c<span class=\"_ _2b\"></span>ar park</div>\n<div class=\"t m0 x7 h4f y803 ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiary<span class=\"_ _2\"></span> Interparking (51% ow<span class=\"_ _2\"></span>ned by AG Insurance)<span class=\"_ _2\"></span> received waivers</div>\n<div class=\"t m0 x7 h4f y804 ff31f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">related t<span class=\"_ _2b\"></span>o loan covena<span class=\"_ _0\"></span>nts in th<span class=\"_ _0\"></span>e first h<span class=\"_ _2b\"></span>alf of 2021. Co<span class=\"_ _0\"></span>nseque<span class=\"_ _0\"></span>ntly, lo<span class=\"_ _0\"></span>ng<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y805 ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">term bank b<span class=\"_ _0\"></span>orrowi<span class=\"_ _0\"></span>ngs, for whic<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>wa<span class=\"_ _0\"></span>ivers we<span class=\"_ _0\"></span>re obtaine<span class=\"_ _0\"></span>d,<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">were </span></span></div>\n<div class=\"t m0 x1a h4f y1cca ff31f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reclass<span class=\"_ _0\"></span>ified f<span class=\"_ _0\"></span>rom long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">term to sh<span class=\"_ _0\"></span>ort<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">term. Th<span class=\"_ _0\"></span>e activit<span class=\"_ _0\"></span>ies of Inter<span class=\"_ _2b\"></span>parking </span></span></span></div>\n<div class=\"t m0 x1a h4f y1ccb ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">since reco<span class=\"_ _2\"></span>vered<span class=\"lse0\">, resul<span class=\"_ _2b\"></span>ting in Inter<span class=\"_ _0\"></span>parking <span class=\"_ _0\"></span>meetin<span class=\"_ _0\"></span>g its loa<span class=\"_ _0\"></span>n covena<span class=\"_ _2b\"></span>nts. </span></div>\n<div class=\"t m0 x1a h4f y1ccc ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Therefo<span class=\"_ _2b\"></span>re, an amount of long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term <span class=\"_ _2\"></span>bank borrowings <span class=\"ls104 ws116\">of EUR 491</span></span> <span class=\"ls102 ws11d\">mil<span class=\"_ _2\"></span>lion </span></span></div>\n<div class=\"t m0 x1a h4f y1ccd ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">has been <span class=\"_ _2\"></span>reclassified from<span class=\"_ _2\"></span> short<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">ter<span class=\"lse0 wsf0\">m to long<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">term <span class=\"_ _2\"></span></span></span><span class=\"wsfa\">at t<span class=\"_ _0\"></span>he report<span class=\"_ _0\"></span>ing dat<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1cce ff31f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 ff31f fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Lease obl<span class=\"_ _0\"></span>igations<span class=\"_ _0\"></span> as lessee (<span class=\"_ _0\"></span>undisco<span class=\"_ _2b\"></span>unted)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ff31f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff31f fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 x387 h52 y5ff ff31f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 695px; bottom: 970px; z-index: 15;\">Minimum lease <span class=\"wsf4\">payments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y608 ff31f fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y608 ff31f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 956px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y608 ff31f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 956px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 925px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 925px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 925px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 910px; z-index: 15;\">1 year to 2 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 910px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 910px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 896px; z-index: 15;\">2 years to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 896px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 896px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">3 years to 4 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 881px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 881px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 866px; z-index: 15;\">4 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 866px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 866px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 851px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 851px; z-index: 15;\">495<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 851px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff321 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 836px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff321 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 836px; z-index: 15;\">852<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff321 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 836px; z-index: 15;\">766<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Annual rental expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 ydd0 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 821px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 ydd0 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 821px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Future finance charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 806px; z-index: 15;\">222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 806px; z-index: 15;\">206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 795px; height: 311px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">RPN (I)</div>\n<div class=\"t m0 x7 h63 y714 ff32e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">The RPN(I) is a financial <span class=\"_ _0\"></span>in<span class=\"lsf8 ws112\">strument </span></div>\n<div class=\"t m0 x7 h63 y715 ff32e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">that results in quarterly payments</div>\n<div class=\"t m0 x7 h63 y716 ff32e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">being made to, or received f<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>om,</div>\n<div class=\"t m0 x7 h63 y717 ff32e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">BNP Paribas Fortis SA/NV<span class=\"_ _0\"></span>.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">BNP Pa<span class=\"_ _0\"></span>ribas For<span class=\"_ _0\"></span>tis SA/N<span class=\"_ _2b\"></span>V issued CASH<span class=\"_ _0\"></span>ES secu<span class=\"_ _2b\"></span>rities in 2007 w<span class=\"_ _2b\"></span>ith Ageas SA/N<span class=\"_ _2b\"></span>V as co<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">obligo<span class=\"_ _2\"></span>r. </span></span></div>\n<div class=\"t m0 x26 h4f y725 ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">CASHES are <span class=\"_ _2\"></span>exchangeable securities <span class=\"_ _2\"></span>that are exchange<span class=\"_ _2\"></span>d into Age<span class=\"ws103\">as share<span class=\"_ _2\"></span>s at a pre<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">set price of </span></span></span></div>\n<div class=\"t m0 x26 h4f y726 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 239.<span class=\"_ _0\"></span>40 per shar<span class=\"_ _0\"></span>e. BNP Pari<span class=\"_ _0\"></span>bas Forti<span class=\"_ _0\"></span>s SA/NV an<span class=\"_ _0\"></span>d Ageas SA/<span class=\"_ _0\"></span>NV, at that poi<span class=\"_ _2b\"></span>nt in time both part</div>\n<div class=\"t m0 x26 h4f y727 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the Fort<span class=\"_ _0\"></span>is group, int<span class=\"_ _0\"></span>roduce<span class=\"_ _0\"></span>d a Relative<span class=\"_ _0\"></span> Performa<span class=\"_ _2b\"></span>nce Note, design<span class=\"_ _0\"></span>ed to avoid acc<span class=\"_ _2b\"></span>ounting volati<span class=\"_ _0\"></span>lity</div>\n<div class=\"t m0 x26 h4f y728 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the Ageas s<span class=\"_ _0\"></span>hares an<span class=\"_ _0\"></span>d on the CASHE<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>va<span class=\"_ _0\"></span>lued at fair v<span class=\"_ _0\"></span>alue in the bo<span class=\"_ _0\"></span>oks of BNP Par<span class=\"_ _2b\"></span>ibas Fortis</div>\n<div class=\"t m0 x26 h4f y729 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">SA/NV. Up<span class=\"_ _2b\"></span>on the break<span class=\"ls0 ws0\">-</span>up of Fortis in<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>2009,<span class=\"_ _0\"></span> BNP Pariba<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>Fort<span class=\"_ _2b\"></span>is SA/NV and Ageas a<span class=\"_ _0\"></span>greed to pay</div>\n<div class=\"t m0 x26 h4f y72a ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t on a ref<span class=\"_ _0\"></span>erence a<span class=\"_ _0\"></span>mount st<span class=\"_ _2b\"></span>ated in this R<span class=\"_ _0\"></span>elativ<span class=\"_ _0\"></span>e Perfor<span class=\"_ _0\"></span>mance N<span class=\"_ _0\"></span>ote. Th<span class=\"_ _0\"></span>e quarte<span class=\"_ _2b\"></span>rly interest</div>\n<div class=\"t m0 x26 h4f y72b ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span> is value<span class=\"_ _2b\"></span>d as a financial<span class=\"_ _0\"></span> instr<span class=\"_ _0\"></span>ument an<span class=\"_ _0\"></span>d referr<span class=\"_ _0\"></span>ed to as<span class=\"_ _0\"></span> RPN(I).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y72c ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydf7 ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The RPN(I<span class=\"_ _2b\"></span>) exists to the <span class=\"_ _2b\"></span>extent that C<span class=\"_ _0\"></span>ASHES s<span class=\"_ _0\"></span>ecuriti<span class=\"_ _0\"></span>es rema<span class=\"_ _0\"></span>in outst<span class=\"_ _0\"></span>anding.<span class=\"_ _0\"></span> Origin<span class=\"_ _0\"></span>ally, 12,<span class=\"_ _0\"></span>000</div>\n<div class=\"t m0 x26 h4f ydf8 ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">CASHES securi<span class=\"_ _2\"></span>ties were issued i<span class=\"_ _2\"></span>n 2007. In Febr<span class=\"_ _2\"></span>uary 2012 BNP Pariba<span class=\"_ _2\"></span>s launched a pub<span class=\"_ _2\"></span>lic tend<span class=\"ws103\">er on </span></div>\n<div class=\"t m0 x26 h4f ydf9 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">CASHES at<span class=\"_ _0\"></span> a price of 47.<span class=\"_ _0\"></span>5% and exc<span class=\"_ _0\"></span>hanged 7,<span class=\"_ _0\"></span>553 tend<span class=\"_ _0\"></span>ered CAS<span class=\"_ _0\"></span>HES secur<span class=\"_ _2b\"></span>ities into Ageas sha<span class=\"_ _2b\"></span>res;</div>\n<div class=\"t m0 x26 h4f ydfa ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas agreed<span class=\"_ _2\"></span> to pay a EUR <span class=\"_ _2\"></span>287 million indemni<span class=\"_ _2\"></span>ty to BNP Pariba<span class=\"_ _2\"></span>s as the exchange<span class=\"_ _2\"></span> triggered a pro</div>\n<div class=\"t m0 x26 h4f ydfb ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rata ca<span class=\"_ _0\"></span>ncellati<span class=\"_ _2b\"></span>on of the RPN(I<span class=\"_ _0\"></span>) liabil<span class=\"_ _0\"></span>ity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ydfc ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydfd ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In May 2015 A<span class=\"_ _0\"></span>geas and BN<span class=\"_ _0\"></span>P Paribas<span class=\"_ _0\"></span> agreed that<span class=\"_ _0\"></span> BNP Paribas<span class=\"_ _0\"></span> could pu<span class=\"_ _0\"></span>rchase C<span class=\"_ _0\"></span>ASHES fro<span class=\"_ _0\"></span>m</div>\n<div class=\"t m0 x26 h4f ydfe ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">individ<span class=\"_ _2b\"></span>ual investors at any<span class=\"_ _0\"></span> given time, un<span class=\"_ _2b\"></span>der the condition<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>that th<span class=\"_ _0\"></span>e purchas<span class=\"_ _2b\"></span>ed securities wou<span class=\"_ _0\"></span>ld be</div>\n<div class=\"t m0 x26 h4f ydff ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">exchang<span class=\"_ _2b\"></span>ed into Ageas s<span class=\"_ _0\"></span>hares; <span class=\"_ _0\"></span>at such e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e the pr<span class=\"_ _0\"></span>o rata pa<span class=\"_ _0\"></span>rt of the <span class=\"_ _2b\"></span>RPN(I) liabil<span class=\"_ _0\"></span>ity wo<span class=\"lse2 ws103\">uld be </span></div>\n<div class=\"t m0 x26 h4f ye00 ff32c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">paid to BNP Paribas<span class=\"_ _2\"></span>, while Ageas would receive a<span class=\"_ _2\"></span> break<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">up fee w<span class=\"_ _0\"></span>hich was<span class=\"_ _0\"></span> subject<span class=\"_ _0\"></span> to the<span class=\"_ _0\"></span> price at </span></span></div>\n<div class=\"t m0 x26 h4f ye01 ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">which BNP Pa<span class=\"_ _2\"></span>ribas succeeded i<span class=\"_ _2\"></span>n purchasing CASHES<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ye02 ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ye03 ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">BNP Paribas <span class=\"_ _2\"></span>purchased and exch<span class=\"_ _2\"></span>anged 656 CASHES under<span class=\"_ _2\"></span> this agreement <span class=\"_ _2\"></span>in the first n<span class=\"_ _2\"></span>ine months</div>\n<div class=\"t m0 x26 h4f ye04 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of 2016; Ag<span class=\"_ _0\"></span>eas paid EU<span class=\"_ _0\"></span>R<span class=\"ls0 ws0\"> </span>44 million for t<span class=\"_ _0\"></span>he pro rata set<span class=\"_ _0\"></span>tlem<span class=\"_ _0\"></span>ent of the RPN<span class=\"_ _2b\"></span>(I), after the dedu<span class=\"_ _0\"></span>ction of</div>\n<div class=\"t m0 x26 h4f ye05 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the recei<span class=\"_ _0\"></span>ved break<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">up <span class=\"_ _2\"></span>fee. The agreement be<span class=\"_ _2\"></span>tween Ageas and BNP<span class=\"_ _2\"></span> Paribas expired a<span class=\"_ _2\"></span>t year</span>-<span class=\"lse0 wsef\">end </span></span></div>\n<div class=\"t m0 x26 h4f y1d1b ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">2016 and w<span class=\"_ _2\"></span>as not renewed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d1c ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d1d ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the seco<span class=\"_ _0\"></span>nd half of 202<span class=\"_ _2b\"></span>2 Ageas settled part of<span class=\"_ _0\"></span> the RPN(I) f<span class=\"_ _0\"></span>or an amou<span class=\"_ _0\"></span>nt of EUR<span class=\"ls0 ws0\"> </span>46.6 mi<span class=\"_ _2b\"></span>llion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d1e ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d1f ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At 31 Decem<span class=\"_ _0\"></span>ber 2022, 3,<span class=\"_ _2b\"></span>326 CASHES rem<span class=\"_ _0\"></span>ained outst<span class=\"_ _2b\"></span>anding.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 381px; height: 580px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff332 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Referenc<span class=\"_ _2b\"></span>e amount and inte<span class=\"_ _0\"></span>rest paid<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The refere<span class=\"_ _2b\"></span>nce amount is calcul<span class=\"_ _2b\"></span>ated as follows:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff334 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff335\"> <span class=\"_ _46\"> </span><span class=\"ff332 lse2 ws103\">th<span class=\"_ _2\"></span>e difference <span class=\"lse0 wsf0\">between E<span class=\"_ _0\"></span>UR 2,350 mi<span class=\"_ _0\"></span>llion an<span class=\"_ _0\"></span>d the market<span class=\"_ _0\"></span> value of </span></span></span></div>\n<div class=\"t m0 x43 h4f y805 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">13 millio<span class=\"_ _0\"></span>n Ageas shar<span class=\"_ _2b\"></span>es in which the instr<span class=\"_ _0\"></span>ument is exc<span class=\"_ _2b\"></span>hanged, less<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff334 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff335\"> <span class=\"_ _46\"> </span><span class=\"ff332 lse0 wsfa\">the differenc<span class=\"_ _2b\"></span>e between EUR <span class=\"_ _0\"></span>3,000 mi<span class=\"_ _0\"></span>llion is<span class=\"_ _2b\"></span>sued and the ma<span class=\"_ _0\"></span>rket </span></span></div>\n<div class=\"t m0 x43 h4f y807 ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value of<span class=\"_ _0\"></span> the CAS<span class=\"_ _0\"></span>HES as q<span class=\"_ _0\"></span>uoted by t<span class=\"_ _2b\"></span>he Luxembou<span class=\"_ _0\"></span>rg Stock<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x43 h4f y808 ff332 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Exchange, <span class=\"lse0 wsf0\">multiplied by<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y809 ff334 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff335\"> <span class=\"_ _46\"> </span><span class=\"ff332 lse0 wsf0\">the number of CASH<span class=\"_ _0\"></span>ES securit<span class=\"_ _2b\"></span>ies outstanding (<span class=\"_ _2b\"></span>3,326 at </span></span></div>\n<div class=\"t m0 x43 h4f y80a ff332 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">Decemb<span class=\"_ _0\"></span>er 2022) div<span class=\"_ _0\"></span>ided by the n<span class=\"_ _0\"></span>umber of CA<span class=\"_ _0\"></span>SHES sec<span class=\"_ _0\"></span>urities </span></div>\n<div class=\"t m0 x43 h4f y80b ff332 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">originally <span class=\"_ _2\"></span>issued (12,000).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80c ff332 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80d ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas pays<span class=\"_ _0\"></span> interes<span class=\"_ _2b\"></span>t <span class=\"_ _2\"></span>to BN<span class=\"_ _0\"></span>P Paribas<span class=\"_ _0\"></span> Fortis SA/N<span class=\"_ _2b\"></span>V on the average</div>\n<div class=\"t m0 x7 h4f y80e ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">referenc<span class=\"_ _2b\"></span>e amount in the <span class=\"_ _0\"></span>quarte<span class=\"_ _0\"></span>r (if<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">the abov<span class=\"_ _0\"></span>e outcom<span class=\"_ _0\"></span>e becomes<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y80f ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">negativ<span class=\"_ _0\"></span>e BNP Pariba<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>Fort<span class=\"_ _2b\"></span>is SA/NV will pay Age<span class=\"_ _2b\"></span>as); the interest</div>\n<div class=\"t m0 x7 h4f y810 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amounts<span class=\"_ _0\"></span> to 3 month Eur<span class=\"_ _0\"></span>ibor plus 90 b<span class=\"_ _0\"></span>asis point<span class=\"_ _0\"></span>s. Ageas pl<span class=\"_ _0\"></span>edged 5.5%<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y90a ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the tot<span class=\"_ _2b\"></span>al AG Insuranc<span class=\"_ _2b\"></span>e shares outs<span class=\"_ _0\"></span>tanding <span class=\"_ _0\"></span>in favou<span class=\"_ _2b\"></span>r of BNP Paribas<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y90b ff332 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Fortis SA/NV.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d0 ff332 fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">Valuation <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d1 ff332 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ag<span class=\"lse0 wsfa\">eas appl<span class=\"_ _0\"></span>ies a tr<span class=\"_ _0\"></span>ansfer n<span class=\"_ _0\"></span>otion to <span class=\"_ _0\"></span>arrive at<span class=\"_ _0\"></span> the fai<span class=\"_ _2b\"></span>r value of the R<span class=\"_ _2b\"></span>PN(I) </span></div>\n<div class=\"t m0 x7 h4f y8d2 ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y. Fai<span class=\"_ _0\"></span>r value i<span class=\"_ _0\"></span>s defined <span class=\"_ _2b\"></span>in IFRS 13 as th<span class=\"_ _0\"></span>e price t<span class=\"_ _2b\"></span>hat would be</div>\n<div class=\"t m0 x7 h4f y8d3 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to sell<span class=\"_ _0\"></span> an asset or p<span class=\"_ _0\"></span>aid to transf<span class=\"_ _2b\"></span>er a liability in an ord<span class=\"_ _2b\"></span>erly</div>\n<div class=\"t m0 x1a h4f y1372 ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion between m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>articip<span class=\"_ _2b\"></span>ants a<span class=\"lse2\">t the <span class=\"_ _2\"></span>measurement date. T<span class=\"_ _2\"></span>he </span></div>\n<div class=\"t m0 x1a h4f y1373 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">definit<span class=\"_ _0\"></span>ion is expl<span class=\"_ _0\"></span>icitly des<span class=\"_ _2b\"></span>cribed as an exit pri<span class=\"_ _0\"></span>ce, linke<span class=\"_ _0\"></span>d with the pric<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y1d21 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">'paid to tra<span class=\"_ _2b\"></span>nsfer a liability'. W<span class=\"_ _2b\"></span>hen such pricing is not<span class=\"_ _0\"></span> availab<span class=\"_ _0\"></span>le and the</div>\n<div class=\"t m0 x1a h4f y1d22 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y is held by a<span class=\"_ _0\"></span>nother ent<span class=\"_ _2b\"></span>ity as an asset, the liab<span class=\"_ _0\"></span>ility nee<span class=\"_ _0\"></span>ds to be</div>\n<div class=\"t m0 x1a h4f y1d23 ff332 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">val<span class=\"lse0 wsfa\">ued fro<span class=\"_ _0\"></span>m the pe<span class=\"_ _2b\"></span>rspective of t<span class=\"_ _0\"></span>he mark<span class=\"_ _0\"></span>et parti<span class=\"_ _0\"></span>cipant t<span class=\"_ _0\"></span>hat hol<span class=\"_ _2b\"></span>ds the </span></div>\n<div class=\"t m0 x1a h4f y1d24 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset. A<span class=\"_ _0\"></span>geas value<span class=\"_ _0\"></span>s its liabi<span class=\"_ _0\"></span>lity at the refe<span class=\"_ _2b\"></span>rence amount. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1d25 ff332 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d26 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The RPN ref<span class=\"_ _0\"></span>erence am<span class=\"_ _0\"></span>ount is base<span class=\"_ _2b\"></span>d on the CASHES price an<span class=\"_ _0\"></span>d the</div>\n<div class=\"t m0 x1a h4f y1d27 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas sha<span class=\"_ _2b\"></span>re price. The refere<span class=\"_ _0\"></span>nce amount d<span class=\"_ _2b\"></span>ecreased from</div>\n<div class=\"t m0 x1a h4f y1d28 ff332 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">520.4</span> </span>mi<span class=\"lse0 wsf0\">llion at year<span class=\"ls0 ws0\">-</span>end 20<span class=\"_ _0\"></span>21 to EUR<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">334.3 million at </span></span></span></div>\n<div class=\"t m0 x1a h4f y1d29 ff332 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Decemb<span class=\"_ _0\"></span>er 2022,<span class=\"_ _0\"></span> driven b<span class=\"_ _0\"></span>y the part<span class=\"_ _2b\"></span>ial settleme<span class=\"_ _2b\"></span>nt of the RPN(I<span class=\"_ _0\"></span>) and by </span></div>\n<div class=\"t m0 x1a h4f y1d2a ff332 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the decrease<span class=\"_ _2\"></span> in the CASHES price from 95.61% at<span class=\"_ _2\"></span> 31<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">December<span class=\"ls0 ws0\"> </span>2021 </span></div>\n<div class=\"t m0 x1a h4f y1d2b ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to 79.17% at<span class=\"_ _0\"></span> 31<span class=\"ls0 ws0\"> </span><span class=\"wsef\">Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">2022, whi<span class=\"_ _0\"></span>ch was partly<span class=\"_ _0\"></span> offset<span class=\"_ _0\"></span> by the </span></span></div>\n<div class=\"t m0 x1a h4f y1d2c ff332 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">decrease in the Age<span class=\"_ _2\"></span>as share price from EUR<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">45.<span class=\"_ _0\"></span>55 to EUR<span class=\"ls0 ws0\"> </span>41.4<span class=\"_ _0\"></span>2 over </span></span></div>\n<div class=\"t m0 x1a h4f y1d2d ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the same pe<span class=\"_ _0\"></span>riod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1376 ff332 fs3a fc10 sc0 lse0 wsfa\" style=\"z-index: 15;\">Sensit<span class=\"_ _0\"></span>ivity of R<span class=\"_ _2b\"></span>PN(I) value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1377 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At 31 Decem<span class=\"_ _0\"></span>ber 2022, e<span class=\"_ _0\"></span>ach 1% incr<span class=\"_ _2b\"></span>ease in the CASHES pr<span class=\"_ _0\"></span>ice,</div>\n<div class=\"t m0 x1a h4f y1378 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">express<span class=\"_ _0\"></span>ed as a perce<span class=\"_ _2b\"></span>ntage of its nominal v<span class=\"_ _0\"></span>alue, lea<span class=\"_ _0\"></span>ds to an incre<span class=\"_ _0\"></span>ase of</div>\n<div class=\"t m0 x1a h4f y1d2e ff332 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">8.3 million i<span class=\"_ _0\"></span>n the <span class=\"wsf0\">ref<span class=\"_ _2b\"></span>erence amount, wh<span class=\"_ _0\"></span>ile each EUR<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">1.00 i<span class=\"_ _0\"></span>ncrease </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1d2f ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the Ag<span class=\"_ _0\"></span>eas shar<span class=\"_ _2b\"></span>e price decre<span class=\"_ _0\"></span>ases th<span class=\"_ _0\"></span>e refere<span class=\"_ _0\"></span>nce amo<span class=\"_ _0\"></span>unt by</div>\n<div class=\"t m0 x1a h4f y1d30 ff332 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">3.5<span class=\"_ _2\"></span></span> <span class=\"ls102 ws11d\">million.</span> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 755px; height: 351px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"_ _2b\"></span>ccrued in<span class=\"_ _2b\"></span>terest and</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">other liabilities</div>\n<div class=\"t m0 x66 h52 y5f4 ff336 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff336 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Deferred revenues<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">155<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Accrued finance <span class=\"lse5 wsf5\">costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Accrued other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives held for he<span class=\"_ _0\"></span>dging purposes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 726px; z-index: 15;\">Derivatives held for tra<span class=\"_ _0\"></span>ding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 726px; z-index: 15;\">3</div>\n<div class=\"t m0 xd2 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 726px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 711px; z-index: 15;\">Defined benefit pension liabilitie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 711px; z-index: 15;\">576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 711px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Defined benefit liabilities o<span class=\"_ _0\"></span>ther than pension<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 697px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Termination benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5ff ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y601 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Other long<span class=\"ls0 ws0\">-</span>term employee benefit liabili<span class=\"_ _0\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 667px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 667px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Short<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">term employee benefit liabilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 652px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Liabilities related to wri<span class=\"_ _0\"></span>tten put options on NC<span class=\"_ _0\"></span>I<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 637px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 637px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 622px; z-index: 15;\">Accounts payable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 622px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 622px; z-index: 15;\">213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 607px; z-index: 15;\">Due to agents, policyh<span class=\"_ _0\"></span>olders and intermediaries<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 607px; z-index: 15;\">450<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 607px; z-index: 15;\">485<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">VAT and <span class=\"wsf6\">other taxes payable<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 593px; z-index: 15;\">148<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 593px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Dividends payable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 578px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 578px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Due to reinsurers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 563px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 563px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Other liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 548px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 548px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff338 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff338 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 533px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff338 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 533px; z-index: 15;\">2,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d41 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1d42 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1d43 ff336 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Details o<span class=\"_ _2\"></span>f employee benefit<span class=\"_ _2\"></span> liabilities can <span class=\"_ _2\"></span>be found in <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">ote<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">6 <span class=\"lse1 wsf0\">section </span>6<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">.1 </span></span></span></div>\n<div class=\"t m0 x7 h4f y1d44 ff336 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee bene<span class=\"_ _2\"></span>fits. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d45 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d46 ff336 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line it<span class=\"_ _0\"></span>em <span class=\"ls0 ws0\">\u2018<span class=\"lse2 ws103\">Other li<span class=\"_ _2\"></span>abilities</span>\u2019 </span>includes payab<span class=\"_ _2b\"></span>les related to the cl<span class=\"_ _0\"></span>earing</div>\n<div class=\"t m0 x1a h4f y1d47 ff336 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of secur<span class=\"_ _0\"></span>ities tr<span class=\"_ _2b\"></span>ansactions,<span class=\"ls0 ws0\"> </span><span class=\"lse2\">collateral on </span><span class=\"wsf0\">interest rat<span class=\"_ _0\"></span>e swaps,<span class=\"ls0 ws0\"> <span class=\"lsfb wsfa\">cash </span></span></span></div>\n<div class=\"t m0 x1a h4f y1d48 ff336 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">received awai<span class=\"_ _2\"></span>ti<span class=\"lse0 wsf0\">ng al<span class=\"_ _0\"></span>location<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>to inv<span class=\"_ _2b\"></span>estments and sma<span class=\"_ _0\"></span>ll expense<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>to be </span></div>\n<div class=\"t m0 x1a h4f y1d49 ff336 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">paid.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1d4a ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d4b ff336 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Details of<span class=\"_ _0\"></span> derivati<span class=\"_ _0\"></span>ves can be fo<span class=\"_ _0\"></span>und in Note 27 D<span class=\"_ _0\"></span>erivati<span class=\"_ _0\"></span>ves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 397px; height: 428px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 397px; height: 564px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 397px; height: 564px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff33b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred revenu<span class=\"_ _2\"></span>es and accrued amounts are consi<span class=\"_ _2\"></span>dered to be short term liab<span class=\"_ _2\"></span>ilities with a maturity of<span class=\"_ _2\"></span> less than one year. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff33b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y804 ff33b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>bles show the undiscounted cash<span class=\"_ _2\"></span> flows of <span class=\"wsfa\">Accounts payable,<span class=\"_ _2\"></span> Due to agents<span class=\"_ _2\"></span>, policy holders a<span class=\"_ _2\"></span>nd intermediaries<span class=\"_ _2\"></span>, VAT and <span class=\"lse0\">other tax </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff33b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payable,<span class=\"_ _0\"></span> Dividen<span class=\"_ _0\"></span>ds payab<span class=\"_ _0\"></span>le, Due to re<span class=\"_ _0\"></span>insurers<span class=\"_ _0\"></span> and other li<span class=\"_ _2b\"></span>abilities class<span class=\"_ _0\"></span>ified by rel<span class=\"_ _2b\"></span>evant maturity<span class=\"_ _0\"></span> group. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff33b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 1018px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 544px; bottom: 1018px; z-index: 15;\">1 to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 646px; bottom: 1018px; z-index: 15;\">3 to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 725px; bottom: 1018px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff33b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Undiscounted cashflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 987px; z-index: 15;\">1,180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 987px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y608 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 987px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 987px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff33d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 972px; z-index: 15;\">1,180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 972px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h54 y603 ff33d fs3c fc10 sc0 ls0 ws0\" style=\"left: 687px; bottom: 972px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 972px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 927px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 927px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 544px; bottom: 927px; z-index: 15;\">1 to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 646px; bottom: 927px; z-index: 15;\">3 to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 725px; bottom: 927px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Undiscounted cashflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 897px; z-index: 15;\">1,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 897px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f2 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 897px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 897px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff33d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 882px; z-index: 15;\">1,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 882px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h54 ydd0 ff33d fs3c fc10 sc0 ls0 ws0\" style=\"left: 687px; bottom: 882px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 882px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 871px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 871px; height: 235px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Deriv<span class=\"_ _2b\"></span>ativ<span class=\"_ _2b\"></span>e<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x7 h4f y1d9e ff350 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Foreign ex<span class=\"_ _2b\"></span>change contract<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d9f ff350 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Futures a<span class=\"_ _0\"></span>re contra<span class=\"_ _2b\"></span>cts that require set<span class=\"_ _0\"></span>tlement<span class=\"_ _0\"></span> at a specifi<span class=\"_ _2b\"></span>ed price and on</div>\n<div class=\"t m0 x7 h4f y1da0 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a specif<span class=\"_ _0\"></span>ied fut<span class=\"_ _0\"></span>ure date<span class=\"_ _0\"></span> and can <span class=\"_ _0\"></span>be trade<span class=\"_ _0\"></span>d in simi<span class=\"_ _2b\"></span>lar markets. Fo<span class=\"_ _0\"></span>rwards</div>\n<div class=\"t m0 x7 h4f y1da1 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are cust<span class=\"_ _0\"></span>omi<span class=\"ls0 ws0\">s</span>ed cont<span class=\"_ _0\"></span>racts b<span class=\"_ _0\"></span>etwee<span class=\"_ _0\"></span>n two ent<span class=\"_ _0\"></span>ities w<span class=\"_ _0\"></span>here se<span class=\"_ _0\"></span>ttlement t<span class=\"_ _2b\"></span>akes</div>\n<div class=\"t m0 x7 h4f y1da2 ff350 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">pla<span class=\"lse0 wsf0\">ce on a specific dat<span class=\"_ _2b\"></span>e in the future at today<span class=\"_ _2b\"></span>\u2019s pre<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">agreed<span class=\"_ _2\"></span> price. <span class=\"ls105 ws120\">The </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1da3 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">currency<span class=\"_ _0\"></span> futur<span class=\"_ _0\"></span>es and fo<span class=\"_ _0\"></span>rward c<span class=\"_ _2b\"></span>ontracts are m<span class=\"_ _0\"></span>ainly he<span class=\"_ _0\"></span>ld to he<span class=\"_ _0\"></span>dge the</div>\n<div class=\"t m0 x7 h4f y1da4 ff350 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">currency r<span class=\"_ _2\"></span>isk on foreign cu<span class=\"_ _2\"></span>rrency denominated a<span class=\"_ _2\"></span>ssets<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1da5 ff350 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span> rate swa<span class=\"_ _0\"></span>ps and cross<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">currency swa<span class=\"_ _2\"></span>ps</span> </span></div>\n<div class=\"t m0 x1a h4f y1da6 ff350 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Swap contract<span class=\"_ _2\"></span>s are agreements<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">between two p<span class=\"_ _2b\"></span>arties to exchang<span class=\"_ _2b\"></span>e one </span></span></div>\n<div class=\"t m0 x1a h4f y1da7 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">set of c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s for an<span class=\"_ _0\"></span>other s<span class=\"_ _0\"></span>et of ca<span class=\"_ _0\"></span>sh flows.<span class=\"_ _0\"></span> Payme<span class=\"_ _0\"></span>nts are m<span class=\"_ _2b\"></span>ade on</div>\n<div class=\"t m0 x1a h4f y1da8 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the bas<span class=\"_ _0\"></span>is of the <span class=\"_ _0\"></span>swap\u2019s n<span class=\"_ _2b\"></span>otional value<span class=\"_ _0\"></span>. Ageas <span class=\"wsef\">us<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">interest rate sw<span class=\"_ _0\"></span>ap </span></span></div>\n<div class=\"t m0 x1a h4f y1da9 ff350 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">contracts <span class=\"_ _2\"></span>primarily <span class=\"lse0 wsfa\">to manage c<span class=\"_ _2b\"></span>ash flows arisi<span class=\"_ _2b\"></span>ng from interes<span class=\"_ _0\"></span>t recei<span class=\"_ _0\"></span>ved </span></div>\n<div class=\"t m0 x1a h4f y1daa ff350 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or paid and cr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">currency swap con<span class=\"_ _2\"></span>tracts to manage foreign currenc<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f y1dab ff350 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">denomi<span class=\"_ _0\"></span>nated cas<span class=\"_ _0\"></span>h flows<span class=\"ls0 ws0\">.</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 695px; height: 266px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff357 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Trading derivatives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 379px; bottom: 1065px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 634px; bottom: 1065px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y647 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 340px; bottom: 1049px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y647 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 1049px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 595px; bottom: 1049px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y647 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 1049px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 309px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 383px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 438px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 564px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 692px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 988px; z-index: 15;\">Foreign exchange contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 974px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 974px; z-index: 15;\">512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 974px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 974px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 974px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 974px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 974px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 974px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff355 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Swaps<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 345px; bottom: 959px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y605 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 959px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 664px; bottom: 959px; z-index: 15;\">8</div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 944px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 944px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 944px; z-index: 15;\">512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y60e ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 944px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 944px; z-index: 15;\">165<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y60e ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 944px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 944px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 944px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 944px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y632 ff355 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 914px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st rate co<span class=\"_ _0\"></span>ntrac<span class=\"_ _2b\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y632 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y632 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 899px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 899px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff355 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Swaps<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 ydd0 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 885px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 ydd0 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 885px; z-index: 15;\">498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 885px; z-index: 15;\">4</div>\n<div class=\"t m0 x164 h52 ydd0 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 885px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 870px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 870px; z-index: 15;\">498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 870px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 870px; z-index: 15;\">4</div>\n<div class=\"t m0 x164 h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 870px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 840px; z-index: 15;\">Equity/Index contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 825px; z-index: 15;\">Options and warrants<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 825px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 810px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5ff ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 810px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y608 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 781px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 781px; z-index: 15;\">1,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 781px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 781px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 598px; bottom: 781px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 781px; z-index: 15;\">528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 781px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 781px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 751px; z-index: 15;\">Fair values supported by observable market data<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 751px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 751px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 736px; z-index: 15;\">Fair values obtained using a valuation model<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 736px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 736px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 736px; z-index: 15;\">6</div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 736px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 721px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 721px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 721px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 598px; bottom: 721px; z-index: 15;\">6</div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 721px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 691px; z-index: 15;\">Over the counter (OTC)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 691px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 677px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 677px; z-index: 15;\">1,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 677px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 677px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 598px; bottom: 677px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 677px; z-index: 15;\">528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 677px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 677px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 666px; height: 440px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h9b y1dc6 ff355 fs64 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h6a y1dc7 ff357 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Hedging derivatives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 ydd0 ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 379px; bottom: 596px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 ydd0 ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 635px; bottom: 596px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5f9 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 338px; bottom: 581px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 581px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f9 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 594px; bottom: 581px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 581px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 307px; bottom: 550px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 565px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 383px; bottom: 550px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 436px; bottom: 550px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 507px; bottom: 565px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 510px; bottom: 550px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 563px; bottom: 550px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 635px; bottom: 565px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 550px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 692px; bottom: 550px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 565px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 550px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 348px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 540px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 604px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 668px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Foreign exchange <span class=\"wsf4\">contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 348px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 540px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 604px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 668px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 505px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 402px; bottom: 505px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y63a ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 505px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y63a ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 505px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 505px; z-index: 15;\">5</div>\n<div class=\"t m0 x19b h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 505px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 505px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 505px; z-index: 15;\">115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 490px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 490px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 402px; bottom: 490px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 490px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 490px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 490px; z-index: 15;\">5</div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 490px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 490px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 490px; z-index: 15;\">115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff355 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 460px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st rate co<span class=\"_ _0\"></span>ntrac<span class=\"_ _2b\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 348px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 540px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 604px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 668px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 445px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 445px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff355 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 431px; z-index: 15;\">Swaps<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 431px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 431px; z-index: 15;\">758<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 431px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 431px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 431px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 431px; z-index: 15;\">544<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 431px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 431px; z-index: 15;\">689<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 416px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 416px; z-index: 15;\">858<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y608 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 416px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 416px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 416px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 416px; z-index: 15;\">544<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 416px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 416px; z-index: 15;\">689<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 386px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 386px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 386px; z-index: 15;\">914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y608 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 386px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 386px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 386px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 386px; z-index: 15;\">612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 386px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 386px; z-index: 15;\">804<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 356px; z-index: 15;\">Fair values supported by observable market data<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 356px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 356px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 341px; z-index: 15;\">Fair values obtained using a valuation model<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 341px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 341px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 341px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 341px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 327px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 327px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 327px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 327px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 540px; bottom: 327px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 327px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 668px; bottom: 327px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 327px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 327px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 297px; z-index: 15;\">Over the counter (OTC)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 297px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y70b ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 297px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 297px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 297px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 297px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 297px; z-index: 15;\">612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 297px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 297px; z-index: 15;\">804<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 282px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 282px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 282px; z-index: 15;\">914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f7 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 282px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 282px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 282px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 282px; z-index: 15;\">612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 282px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 282px; z-index: 15;\">804<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 271px; height: 835px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>a<span class=\"_ _2\"></span>ir v<span class=\"_ _2b\"></span>a<span class=\"_ _2\"></span>lue of finan<span class=\"_ _2\"></span>cial a<span class=\"_ _2\"></span>sse<span class=\"_ _2b\"></span>ts</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">and fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l liabilities</div>\n<div class=\"t m0 x7 h63 y17d6 ff364 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">The <span class=\"ws10f\">following table s<span class=\"_ _2\"></span>hows the fair </span></div>\n<div class=\"t m0 x7 h63 y17d7 ff364 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">value<span class=\"ls0 ws0\"> <span class=\"lsf6\">of financial assets and </span></span></div>\n<div class=\"t m0 x7 h63 y17d8 ff364 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">liabilities <span class=\"lsf8 ws10f\">measured at<span class=\"ls0 ws0\"> </span><span class=\"ws112\">amortised </span></span></div>\n<div class=\"t m0 x7 h63 y17d9 ff364 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">cost.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y1550 ff362 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 595px; bottom: 816px; z-index: 15;\">31 December <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 629px; bottom: 802px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y1550 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y1550 ff362 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 741px; bottom: 816px; z-index: 15;\">31 December <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 802px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 483px; bottom: 787px; z-index: 15;\">Level<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x261 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 787px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 609px; bottom: 787px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x261 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 664px; bottom: 787px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 755px; bottom: 787px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff362 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5f9 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 648px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff366 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff366 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Cash and cash <span class=\"wsf4\">equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x143 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 756px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 756px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 756px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 756px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 756px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Financial Investments held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f9 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 741px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 741px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 741px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 741px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f7 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 727px; z-index: 15;\">2</div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 549px; bottom: 727px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 727px; z-index: 15;\">13,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 727px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 727px; z-index: 15;\">15,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5fc ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 712px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 712px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 712px; z-index: 15;\">1,991<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 712px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 712px; z-index: 15;\">2,146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff365 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 697px; z-index: 15;\">Total f<span class=\"_ _0\"></span>inancia<span class=\"_ _2b\"></span>l assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y601 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 549px; bottom: 697px; z-index: 15;\">24,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 697px; z-index: 15;\">22,755<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 697px; z-index: 15;\">22,929<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 697px; z-index: 15;\">26,032<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 648px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5fc ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5fc ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 667px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y601 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y601 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 648px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y601 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y601 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 652px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y180c ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 652px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 652px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 652px; z-index: 15;\">2,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 652px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 652px; z-index: 15;\">2,757<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 637px; z-index: 15;\">Borrowings, excluding lease<span class=\"_ _0\"></span> liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y608 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 637px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 637px; z-index: 15;\">3,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 637px; z-index: 15;\">3,177<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 637px; z-index: 15;\">3,056<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 637px; z-index: 15;\">3,056<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff365 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 623px; z-index: 15;\">Total f<span class=\"_ _0\"></span>inancia<span class=\"_ _2b\"></span>l liabilitie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y603 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 623px; z-index: 15;\">5,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 623px; z-index: 15;\">5,359<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 623px; z-index: 15;\">5,804<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 623px; z-index: 15;\">5,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1c16 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1c17 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1e01 ff362 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The fair value (FV<span class=\"_ _2\"></span>) calculation of financial<span class=\"_ _2\"></span> instruments not actively tr<span class=\"_ _2\"></span>aded on financial marke<span class=\"_ _2\"></span>ts can</div>\n<div class=\"t m0 x26 h4f y1e02 ff362 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">be summari<span class=\"_ _2b\"></span>sed as follows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1e03 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 531px; z-index: 15;\">Instrument Type<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 480px; bottom: 531px; z-index: 15;\">Ageas Products<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 531px; z-index: 15;\">Fair Value Calculation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y70b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y70b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y70b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 506px; z-index: 15;\">Instruments with no stated maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 506px; z-index: 15;\">Current accounts, saving accoun<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 506px; z-index: 15;\">Nominal value.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 494px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 494px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 494px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e09 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 482px; z-index: 15;\">Instruments without optional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e0a ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 470px; z-index: 15;\">features</div>\n<div class=\"t m0 x1a0 h52 y1e0b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e09 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 482px; z-index: 15;\">Straight loans, deposits et<span class=\"_ _0\"></span>c.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e09 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 482px; z-index: 15;\">Discounted cash flow methodology;</div>\n<div class=\"t m0 x0 h52 y1e0a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 470px; z-index: 15;\">discounting yield curve is<span class=\"_ _0\"></span> the swap</div>\n<div class=\"t m0 x0 h52 y1e0c ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 458px; z-index: 15;\">curve plus spread (assets) or the swap</div>\n<div class=\"t m0 x0 h52 y1e0d ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 446px; z-index: 15;\">curve minus spread (liabilities); sp<span class=\"_ _0\"></span>read</div>\n<div class=\"t m0 x0 h52 y1e0e ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 434px; z-index: 15;\">is based on commercial m<span class=\"_ _0\"></span>argin</div>\n<div class=\"t m0 x0 h52 y1e0f ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 422px; z-index: 15;\">computed</div>\n<div class=\"t m0 x118 h52 y1e10 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse4 wsf3\">based on the average of new<span class=\"_ _2b\"></span> </span></div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 410px; z-index: 15;\">production during last three<span class=\"_ _0\"></span> months.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 398px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 398px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 398px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e13 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 385px; z-index: 15;\">Instruments with optional <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e14 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 373px; z-index: 15;\">features</div>\n<div class=\"t m0 x1a0 h52 y1e15 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e13 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 385px; z-index: 15;\">Mortgage loans and ot<span class=\"_ _0\"></span>her instruments</div>\n<div class=\"t m0 x0 h52 y1e14 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 480px; bottom: 373px; z-index: 15;\">with option features</div>\n<div class=\"t m0 xdf h52 y1e15 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e13 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 385px; z-index: 15;\">Product is split and lin<span class=\"_ _0\"></span>ear (non<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">optional) </span></div>\n<div class=\"t m0 x0 h52 y1e14 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 373px; z-index: 15;\">component is valued u<span class=\"_ _0\"></span>sing a discounted</div>\n<div class=\"t m0 x0 h52 y1e16 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 361px; z-index: 15;\">cash flow</div>\n<div class=\"t m0 x58 h52 y1e17 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse4 wsf3\">methodology and option </span></div>\n<div class=\"t m0 x0 h52 y1e18 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 349px; z-index: 15;\">component valued based on<span class=\"_ _0\"></span> option</div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 337px; z-index: 15;\">pricing model.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y638 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y638 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y638 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e1a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 320px; bottom: 313px; z-index: 15;\">Subordinated bonds or re<span class=\"_ _0\"></span>ceivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e1a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 313px; z-index: 15;\">Subordinated assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e1a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 313px; z-index: 15;\">Valuation is based on <span class=\"_ _2b\"></span>br<span class=\"_ _2\"></span>oker quo<span class=\"_ _0\"></span>tes in</div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 301px; z-index: 15;\">an in<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">active market (level 3).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x0 h52 y605 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 289px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y605 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 289px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y605 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 289px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e1c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 320px; bottom: 277px; z-index: 15;\">Private equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e1c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 277px; z-index: 15;\">Private equity and <span class=\"wsf4\">non<span class=\"ls0 ws0\">-</span>quoted </span></div>\n<div class=\"t m0 x0 h52 y1e1d ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 265px; z-index: 15;\">participations investments</div>\n<div class=\"t m0 x1e2 h52 y1e1e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e1c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 277px; z-index: 15;\">In general based on <span class=\"_ _0\"></span>the European</div>\n<div class=\"t m0 x0 h52 y1e1d ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 265px; z-index: 15;\">Venture Capital Association's valuation</div>\n<div class=\"t m0 x0 h52 y1e1f ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 253px; z-index: 15;\">guidelines, using enterprise</div>\n<div class=\"t m0 x0 h52 y1e20 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 241px; z-index: 15;\">value/EBITDA, price/cash flow and</div>\n<div class=\"t m0 x0 h52 y5f2 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 229px; z-index: 15;\">price/earnings etc.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 217px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 217px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 217px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e23 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 205px; z-index: 15;\">Preference shares (non<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">quoted)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x0 h52 y1e23 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 480px; bottom: 205px; z-index: 15;\">Preference shares <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e23 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 205px; z-index: 15;\">If the share is cha<span class=\"_ _0\"></span>racterised as a debt</div>\n<div class=\"t m0 x0 h52 y1e24 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 193px; z-index: 15;\">instrument, a discounted cash<span class=\"_ _0\"></span> flow</div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 181px; z-index: 15;\">model is used.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 170px; height: 791px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 170px; height: 791px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff369 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas pursue<span class=\"_ _2\"></span>s a policy aimed <span class=\"_ _2\"></span>at quantifying and<span class=\"_ _2\"></span> monitoring pricing<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y803 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">uncertainties<span class=\"_ _2\"></span> related to the calcula<span class=\"lse0 wsfa\">tion of fai<span class=\"_ _0\"></span>r values <span class=\"_ _0\"></span>using val<span class=\"_ _2b\"></span>uation </span></div>\n<div class=\"t m0 x7 h4f y804 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">techniques and in<span class=\"_ _2\"></span>ternal models. Related un<span class=\"_ _2\"></span>certainties are a feature of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y805 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the \u2018model ris<span class=\"_ _2\"></span>k\u2019 concept.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y807 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Model risk ari<span class=\"_ _2\"></span>ses when the product pricing requi<span class=\"_ _2\"></span>res valuation technique<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x7 h4f y808 ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which are not<span class=\"_ _0\"></span> yet stan<span class=\"_ _0\"></span>dardis<span class=\"_ _0\"></span>ed or for whic<span class=\"_ _0\"></span>h input<span class=\"ls0 ws0\"> </span>data can<span class=\"_ _2b\"></span>not be directly</div>\n<div class=\"t m0 x7 h4f y809 ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">observe<span class=\"_ _2b\"></span>d in the market<span class=\"_ _0\"></span>, leadi<span class=\"_ _0\"></span>ng to ass<span class=\"_ _0\"></span>umptions<span class=\"_ _0\"></span> about t<span class=\"_ _2b\"></span>he input data</div>\n<div class=\"t m0 x7 h4f y80a ff369 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">themselves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>roductio<span class=\"_ _2b\"></span>n of new, sophis<span class=\"_ _0\"></span>ticate<span class=\"_ _0\"></span>d prod<span class=\"_ _0\"></span>ucts in th<span class=\"_ _2b\"></span>e market has</div>\n<div class=\"t m0 x7 h4f y80d ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in the devel<span class=\"_ _2b\"></span>opment of mathemat<span class=\"_ _2b\"></span>ical models to pric<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>m.</div>\n<div class=\"t m0 x7 h4f y80e ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These m<span class=\"_ _0\"></span>odels i<span class=\"_ _0\"></span>n tu<span class=\"lse2\">rn depend on<span class=\"_ _2\"></span> assumptions regard<span class=\"_ _2\"></span>ing the stochastic<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y80f ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">behavio<span class=\"_ _0\"></span>ur of under<span class=\"_ _0\"></span>lying var<span class=\"_ _0\"></span>iables, nu<span class=\"_ _2b\"></span>merical algorit<span class=\"_ _2b\"></span>hms and other</div>\n<div class=\"t m0 x1a h4f y1e27 ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">possibl<span class=\"_ _0\"></span>e approx<span class=\"_ _2b\"></span>imations need<span class=\"_ _0\"></span>ed to rep<span class=\"_ _0\"></span>licate t<span class=\"_ _2b\"></span>he complexit<span class=\"_ _0\"></span>y of the</div>\n<div class=\"t m0 x1a h4f y1e28 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1e29 ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1e2a ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Furthermore, t<span class=\"_ _2\"></span>he underlying hypotheses of a mod<span class=\"_ _2\"></span>el <span class=\"lse0 wsf0\">dep<span class=\"_ _0\"></span>end on the </span></div>\n<div class=\"t m0 x1a h4f y1e2b ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">general<span class=\"_ _0\"></span> market c<span class=\"_ _2b\"></span>onditions (e.<span class=\"_ _0\"></span>g. spec<span class=\"_ _0\"></span>ific int<span class=\"_ _2b\"></span>erest rates, v<span class=\"_ _0\"></span>olatilit<span class=\"_ _0\"></span>ies)</div>\n<div class=\"t m0 x1a h4f y1e2c ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">prevail<span class=\"_ _0\"></span>ing at t<span class=\"_ _0\"></span>he time t<span class=\"_ _0\"></span>he mod<span class=\"_ _0\"></span>el is devel<span class=\"_ _0\"></span>oped. T<span class=\"_ _2b\"></span>here is no guara<span class=\"_ _2b\"></span>ntee that</div>\n<div class=\"t m0 x1a h4f y1e2d ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the model will<span class=\"_ _2\"></span> continue to yield adequate re<span class=\"_ _2\"></span>sults should market</div>\n<div class=\"t m0 x1a h4f y1e2e ff369 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">conditions <span class=\"_ _2\"></span>change drastically<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1e2f ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1e30 ff369 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Any related<span class=\"_ _2\"></span> model uncertaint<span class=\"_ _2\"></span>y is quantified as<span class=\"_ _2\"></span> accurately as p<span class=\"_ _2\"></span>ossible</div>\n<div class=\"t m0 x1a h4f y1e31 ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and is t<span class=\"_ _0\"></span>he basis f<span class=\"_ _2b\"></span>or adjusting t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue calculate<span class=\"_ _2b\"></span>d by the valuat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y1e32 ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">techni<span class=\"_ _0\"></span>ques and int<span class=\"_ _2b\"></span>ernal models.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 881px; height: 225px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 881px; height: 225px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag447": {
   "value": "\n<div class=\"t m0 x7 h4f y1137 ff17e fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">F. <span class=\"ls0 ws0\"> <span class=\"_ _46\"> </span><span class=\"ls104 ws116\">MARK<span class=\"_ _0\"></span>ET CONCENTRATI<span class=\"_ _2b\"></span>O<span class=\"_ _2\"></span>N RISK<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1138 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Market ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>con<span class=\"_ _0\"></span>centrat<span class=\"_ _0\"></span>ion refer<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>to ris<span class=\"_ _2b\"></span>ks stemming from a l<span class=\"_ _0\"></span>ack of</div>\n<div class=\"t m0 x7 h4f y1139 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">diversi<span class=\"_ _0\"></span>ficatio<span class=\"_ _0\"></span>n in the asset<span class=\"_ _0\"></span> portfoli<span class=\"_ _0\"></span>o stemmi<span class=\"_ _0\"></span>ng from a lar<span class=\"_ _0\"></span>ge expos<span class=\"_ _0\"></span>ure by a</div>\n<div class=\"t m0 x7 h4f y113a ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">single is<span class=\"_ _2\"></span>suer of securities<span class=\"_ _2\"></span> or a group of r<span class=\"_ _2\"></span>elated issuers.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y113b ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y113c ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Concentration<span class=\"_ _2\"></span> risk can arise <span class=\"_ _2\"></span>due to large aggrega<span class=\"_ _2\"></span>te exposures to<span class=\"_ _2\"></span> single</div>\n<div class=\"t m0 x7 h4f y113d ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">counte<span class=\"_ _0\"></span>rparties o<span class=\"_ _2b\"></span>r an aggregate of exp<span class=\"_ _0\"></span>osures to a nu<span class=\"_ _0\"></span>mber of pos<span class=\"_ _0\"></span>itively</div>\n<div class=\"t m0 x7 h4f y113e ff17e fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">correlat<span class=\"ws103\">ed coun<span class=\"_ _2\"></span>terparties (i.e. tendency t<span class=\"_ _2\"></span>o default under similar </span></div>\n<div class=\"t m0 x7 h4f y113f ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">circumst<span class=\"_ _2b\"></span>ances) with t<span class=\"_ _2b\"></span>he potential t<span class=\"_ _0\"></span>o produc<span class=\"_ _2b\"></span>e a significa<span class=\"_ _0\"></span>nt <span class=\"lse2 wsf1\">number<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">of </span></span></span></div>\n<div class=\"t m0 x7 h4f y1140 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">impairm<span class=\"_ _0\"></span>ents due to<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>a bankr<span class=\"_ _2b\"></span>uptcy or failure to p<span class=\"_ _0\"></span>ay. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1141 ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1142 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Avoida<span class=\"_ _0\"></span>nce of co<span class=\"_ _0\"></span>ncentr<span class=\"_ _0\"></span>ation is t<span class=\"_ _0\"></span>herefo<span class=\"_ _0\"></span>re funda<span class=\"_ _0\"></span>mental<span class=\"_ _0\"></span> to <span class=\"lse2 wsf1\">Ageas</span><span class=\"lsfb\">'s<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">c<span class=\"_ _2\"></span>redit </span></span></span></div>\n<div class=\"t m0 x7 h4f y1143 ff17e fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">risk s<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">trat<span class=\"_ _0\"></span>egy of m<span class=\"_ _0\"></span>aintai<span class=\"_ _0\"></span>ning gr<span class=\"_ _0\"></span>anular, <span class=\"_ _0\"></span>liquid a<span class=\"_ _0\"></span>nd dive<span class=\"_ _0\"></span>rsified p<span class=\"_ _2b\"></span>ortfolios. </span></div>\n<div class=\"t m0 x7 h4f y1144 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Each loc<span class=\"_ _2b\"></span>al business is <span class=\"_ _0\"></span>respons<span class=\"_ _0\"></span>ible for<span class=\"_ _2b\"></span> its own counte<span class=\"_ _0\"></span>rparty<span class=\"_ _0\"></span> limits, t<span class=\"_ _2b\"></span>aking</div>\n<div class=\"t m0 x7 h4f y1145 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">into acco<span class=\"_ _0\"></span>unt its part<span class=\"_ _0\"></span>icular sit<span class=\"_ _2b\"></span>uation and any Gro<span class=\"_ _0\"></span>up requirem<span class=\"_ _2b\"></span>ents. Each</div>\n<div class=\"t m0 x7 h4f y1146 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">local bus<span class=\"_ _2b\"></span>iness is in ch<span class=\"_ _0\"></span>arge of c<span class=\"_ _2b\"></span>ontinuous <span class=\"lse2\">monitoring. Periodi<span class=\"_ _2\"></span>c reporting </span></div>\n<div class=\"t m0 x7 h4f y11a9 ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">allows t<span class=\"_ _0\"></span>he Grou<span class=\"_ _2b\"></span>p to check thes<span class=\"_ _0\"></span>e limit<span class=\"_ _0\"></span>s and mon<span class=\"_ _2b\"></span>itor the overa<span class=\"_ _0\"></span>ll posit<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y11aa ff17e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11ab ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">To mana<span class=\"_ _0\"></span>ge the c<span class=\"_ _0\"></span>oncentr<span class=\"_ _0\"></span>ation of<span class=\"_ _0\"></span> credi<span class=\"_ _0\"></span>t risk, <span class=\"_ _0\"></span>Ageas\u2019s i<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ent limits</div>\n<div class=\"t m0 x7 h4f y11ac ff17e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">aim to s<span class=\"_ _0\"></span>pread th<span class=\"_ _0\"></span>e credit<span class=\"_ _0\"></span> risk ac<span class=\"_ _0\"></span>ross dif<span class=\"_ _2b\"></span>ferent secto<span class=\"_ _0\"></span>rs and co<span class=\"_ _0\"></span>untries<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x7 h4f y11ad ff17e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas monit<span class=\"ws103\">o<span class=\"_ _2\"></span>rs its largest exposures to<span class=\"_ _2\"></span> individual entities, group<span class=\"_ _2\"></span>s of </span></div>\n<div class=\"t m0 x7 h4f y11ae ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compani<span class=\"_ _2b\"></span>es (Total One Oblig<span class=\"_ _0\"></span>or) and othe<span class=\"_ _0\"></span>r potent<span class=\"_ _0\"></span>ial concent<span class=\"_ _2b\"></span>rations such</div>\n<div class=\"t m0 x7 h4f y11af ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as sectors<span class=\"_ _0\"></span> and geogra<span class=\"_ _2b\"></span>phic areas to ensur<span class=\"_ _0\"></span>e adequat<span class=\"_ _0\"></span>e diversif<span class=\"_ _2b\"></span>ication and</div>\n<div class=\"t m0 x7 h4f y11b0 ff17e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">identif<span class=\"_ _0\"></span>icatio<span class=\"_ _0\"></span>n of signific<span class=\"_ _2b\"></span>ant concentrat<span class=\"_ _0\"></span>ion risk.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 554px; height: 377px; width: 351px; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff183 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he concent<span class=\"_ _2b\"></span>ration of credit ri<span class=\"_ _0\"></span>sk as at 31 Dec<span class=\"_ _0\"></span>ember by typ<span class=\"_ _0\"></span>e and by<span class=\"ls0 ws0\"> </span>locat<span class=\"_ _0\"></span>ion of the Ageas<span class=\"_ _0\"></span> entity.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 1065px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 1050px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 1035px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 1050px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 1035px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 1050px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19d h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 1035px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y601 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 1050px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x164 h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 1035px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 1035px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y603 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 1035px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 1005px; z-index: 15;\">27,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 1005px; z-index: 15;\">12,865<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 1005px; z-index: 15;\">9,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 1005px; z-index: 15;\">1,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 1005px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1005px; z-index: 15;\">50,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 990px; z-index: 15;\">3,832<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 990px; z-index: 15;\">2,246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 990px; z-index: 15;\">2,211<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 990px; z-index: 15;\">119<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">8,408<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 975px; z-index: 15;\">3,504<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 975px; z-index: 15;\">1,402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 975px; z-index: 15;\">653<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f4 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 975px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f4 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">5,645<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 960px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 960px; z-index: 15;\">328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 960px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 960px; z-index: 15;\">1,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f2 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 960px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">2,763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 945px; z-index: 15;\">766<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 945px; z-index: 15;\">417<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 513px; bottom: 945px; z-index: 15;\">7</div>\n<div class=\"t m0 x52 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 606px; bottom: 945px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 945px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,204<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 931px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 931px; z-index: 15;\">756<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 931px; z-index: 15;\">226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f9 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f9 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f9 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 931px; z-index: 15;\">1,445<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">General Account and elimina<span class=\"_ _0\"></span>tions*<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 916px; z-index: 15;\">693<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 916px; z-index: 15;\">(1,570)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 916px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 916px; z-index: 15;\">(800)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y656 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 901px; z-index: 15;\">32,214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 901px; z-index: 15;\">16,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 901px; z-index: 15;\">10,001<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 901px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 901px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h54 y656 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 901px; z-index: 15;\">61,208<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y63a ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 ydd0 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 854px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 839px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 290px; bottom: 824px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 839px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 824px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 839px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 824px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 839px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 824px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y63a ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 824px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y63a ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 824px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 794px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 794px; z-index: 15;\">33,435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 794px; z-index: 15;\">15,281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 794px; z-index: 15;\">7,924<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 794px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 794px; z-index: 15;\">78<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 794px; z-index: 15;\">58,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 779px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 779px; z-index: 15;\">6,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 779px; z-index: 15;\">3,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 779px; z-index: 15;\">2,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 779px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 779px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 779px; z-index: 15;\">12,925<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 764px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 764px; z-index: 15;\">4,330<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 764px; z-index: 15;\">1,747<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 764px; z-index: 15;\">661<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y605 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 764px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 764px; z-index: 15;\">60<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y605 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 764px; z-index: 15;\">6,798<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 749px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 749px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 749px; z-index: 15;\">1,142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 749px; z-index: 15;\">1,708<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y603 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 749px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 749px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 749px; z-index: 15;\">3,228<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 734px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 734px; z-index: 15;\">2,014<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 734px; z-index: 15;\">792<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 734px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 734px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 734px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y608 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 734px; z-index: 15;\">2,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 719px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 719px; z-index: 15;\">4</div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 719px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 719px; z-index: 15;\">8</div>\n<div class=\"t m0 x30 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 719px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 705px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 705px; z-index: 15;\">522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 705px; z-index: 15;\">979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 705px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 705px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f2 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 705px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 705px; z-index: 15;\">1,737<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 690px; z-index: 15;\">General Account and elimina<span class=\"_ _0\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 690px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 690px; z-index: 15;\">1,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 491px; bottom: 690px; z-index: 15;\">(1,516)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 690px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 690px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 690px; z-index: 15;\">(313)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 675px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 675px; z-index: 15;\">40,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 675px; z-index: 15;\">21,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 496px; bottom: 675px; z-index: 15;\">9,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 675px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 675px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 675px; z-index: 15;\">72,760<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y11dc ff185 fs3f fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">* <span class=\"_ _1af\"> </span><span class=\"lsf1 ws107\">The line \u2018General Account and eliminations\u2019 is mainly linked to the reinsurance programme</span> <span class=\"lsf1 ws107\">and Group Treasur<span class=\"_ _2\"></span>y.</span> </div>\n<div class=\"t m0 x7 h4f y11dd ff183 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11de ff183 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y11df ff183 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es inform<span class=\"_ _2b\"></span>ation on the co<span class=\"_ _2b\"></span>ncentration of<span class=\"_ _0\"></span> credit r<span class=\"_ _2b\"></span>isk as at 31 Dec<span class=\"_ _2b\"></span>ember by type an<span class=\"_ _2b\"></span>d location of <span class=\"lse2 wsf1\">counterparty.<span class=\"ls0 ws0\"> </span></span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 550px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 580px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff183 fs3c fc1f sc0 ls0 ws0\" style=\"left: 287px; bottom: 565px; z-index: 15;\"> <span class=\"lse4 wsf3\">and official </span> </div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 550px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 565px; z-index: 15;\">Credit <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 383px; bottom: 550px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 565px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 550px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y60e ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 565px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 550px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 550px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f9 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 550px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 520px; z-index: 15;\">16,534<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 520px; z-index: 15;\">1,769<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 520px; z-index: 15;\">2,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 520px; z-index: 15;\">1,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 520px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 520px; z-index: 15;\">22,833<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 505px; z-index: 15;\">14,857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 505px; z-index: 15;\">11,864<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 505px; z-index: 15;\">7,212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 505px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 505px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 505px; z-index: 15;\">34,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 490px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 490px; z-index: 15;\">4,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 490px; z-index: 15;\">3,009<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 490px; z-index: 15;\">1,428<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 490px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 490px; z-index: 15;\">1</div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 490px; z-index: 15;\">8,715<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 475px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 475px; z-index: 15;\">1,580<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 475px; z-index: 15;\">324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 475px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 475px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 475px; z-index: 15;\">2,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 460px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 460px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 460px; z-index: 15;\">1,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 460px; z-index: 15;\">803<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 460px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 460px; z-index: 15;\">2,303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 445px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 445px; z-index: 15;\">8,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 445px; z-index: 15;\">7,273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 445px; z-index: 15;\">4,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y647 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 606px; bottom: 445px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 445px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 445px; z-index: 15;\">20,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 430px; z-index: 15;\">764<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 430px; z-index: 15;\">818<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 430px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 430px; z-index: 15;\">4</div>\n<div class=\"t m0 x7 h52 y603 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 430px; z-index: 15;\">1,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Other countries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 323px; bottom: 416px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 416px; z-index: 15;\">2,526<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 416px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 416px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 416px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 416px; z-index: 15;\">2,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 401px; z-index: 15;\">32,214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 401px; z-index: 15;\">16,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 401px; z-index: 15;\">10,001<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 401px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 401px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h54 y603 ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 401px; z-index: 15;\">61,208<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 324px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y608 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 284px; bottom: 354px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 290px; bottom: 339px; z-index: 15;\">and official<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 290px; bottom: 324px; z-index: 15;\">institutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 403px; bottom: 339px; z-index: 15;\">Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 384px; bottom: 324px; z-index: 15;\">Institu<span class=\"_ _2b\"></span>tions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 479px; bottom: 339px; z-index: 15;\">Corporate <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 324px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y632 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 339px; z-index: 15;\">Retail<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 324px; z-index: 15;\">Customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 682px; bottom: 324px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f2 ff183 fs3c fc1f sc0 lse7 ws109\" style=\"left: 776px; bottom: 324px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 704px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y5f4 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 308px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 293px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 293px; z-index: 15;\">20,604<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 293px; z-index: 15;\">2,308<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 293px; z-index: 15;\">2,343<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 293px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 293px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 293px; z-index: 15;\">27,102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 279px; z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 279px; z-index: 15;\">19,935<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 399px; bottom: 279px; z-index: 15;\">14,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 279px; z-index: 15;\">6,635<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 279px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 279px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 279px; z-index: 15;\">41,600<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 264px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">France</span> </div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 264px; z-index: 15;\">6,193<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 264px; z-index: 15;\">4,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 264px; z-index: 15;\">1,362<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 264px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 264px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f9 ff185 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 264px; z-index: 15;\">11,862<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 249px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Portugal</span> </div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 249px; z-index: 15;\">2,530<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 249px; z-index: 15;\">255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 249px; z-index: 15;\">241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 249px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 249px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 249px; z-index: 15;\">3,047<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 234px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws12c\">UK</span> </div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 234px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 234px; z-index: 15;\">1,415<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 504px; bottom: 234px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 234px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 234px; z-index: 15;\">2,592<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff185 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 219px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 219px; z-index: 15;\">10,977<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 219px; z-index: 15;\">8,992<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 219px; z-index: 15;\">4,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f7 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 219px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y5f7 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 219px; z-index: 15;\">24,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff183 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 204px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 332px; bottom: 204px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 412px; bottom: 204px; z-index: 15;\">493<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 204px; z-index: 15;\">65<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 204px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5ff ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 699px; bottom: 204px; z-index: 15;\">2</div>\n<div class=\"t m0 x146 h52 y5ff ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 204px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff183 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 190px; z-index: 15;\">Other countries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 318px; bottom: 190px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 190px; z-index: 15;\">3,323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 190px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y601 ff183 fs3c fc14 sc0 ls0 ws0\" style=\"left: 611px; bottom: 190px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 190px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff183 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 190px; z-index: 15;\">3,498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff186 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 175px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 305px; bottom: 175px; z-index: 15;\">40,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 399px; bottom: 175px; z-index: 15;\">21,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 496px; bottom: 175px; z-index: 15;\">9,064<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 175px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 175px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5ff ff186 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 175px; z-index: 15;\">72,760<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 164px; height: 942px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below shows t<span class=\"_ _0\"></span>he highe<span class=\"_ _2b\"></span>st exposures t<span class=\"_ _2b\"></span>o ultimate par<span class=\"_ _2b\"></span>ents measured<span class=\"_ _2b\"></span> at fair value an<span class=\"_ _2b\"></span>d nominal val<span class=\"_ _0\"></span>ue with t<span class=\"_ _2b\"></span>heir ratings.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1065px; z-index: 15;\">Highest Exposure Top 10<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x19a h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 487px; bottom: 1065px; z-index: 15;\">Group Rating<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 640px; bottom: 1065px; z-index: 15;\">Fair Value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 739px; bottom: 1065px; z-index: 15;\">Nominal Value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 513px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y647 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff188 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Kingdom of Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5ff ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 506px; bottom: 1035px; z-index: 15;\">AA<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x52 h52 y5ff ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1035px; z-index: 15;\">14,849<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y5ff ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1035px; z-index: 15;\">15,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">French Republic<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 507px; bottom: 1020px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 1020px; z-index: 15;\">4,862<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1020px; z-index: 15;\">4,662<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Portuguese Republic<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 1005px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 1005px; z-index: 15;\">2,599<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1005px; z-index: 15;\">2,591<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff188 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Kingdom of Spain<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 502px; bottom: 990px; z-index: 15;\">BBB+<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 990px; z-index: 15;\">2,208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">2,296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Republic of Austria<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 975px; z-index: 15;\">AA+<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 975px; z-index: 15;\">1,656<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">1,569<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Republic of Italy<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 502px; bottom: 960px; z-index: 15;\">BBB<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 960px; z-index: 15;\">1,216<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">1,553<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Federal Republic of Germany<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 945px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 945px; z-index: 15;\">1,151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 931px; z-index: 15;\">European <span class=\"wsf6\">Investment Bank<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 505px; bottom: 931px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f9 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 931px; z-index: 15;\">904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f9 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 931px; z-index: 15;\">899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Republic of India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff188 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 502px; bottom: 916px; z-index: 15;\">BBB<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x5c h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 916px; z-index: 15;\">743<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">731<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff188 fs3c fc14 sc0 lsf0 wsff\" style=\"left: 69px; bottom: 901px; z-index: 15;\">BNP Par<span class=\"_ _2\"></span>ibas SA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y656 ff188 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 507px; bottom: 901px; z-index: 15;\">A+<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 901px; z-index: 15;\">736<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff18a fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5f7 ff18a fs3c fc1f sc0 ls0 ws0\" style=\"left: 513px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h54 y5f7 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 886px; z-index: 15;\">30,924<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f7 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 886px; z-index: 15;\">31,423<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y11f6 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11f7 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The Kin<span class=\"_ _0\"></span>gdom of B<span class=\"_ _0\"></span>elgium <span class=\"_ _0\"></span>remains t<span class=\"_ _2b\"></span>he top count<span class=\"_ _0\"></span>erparty.<span class=\"_ _0\"></span> Large ex<span class=\"_ _2b\"></span>posures in Lif<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance sub<span class=\"_ _0\"></span>sidiari<span class=\"_ _2b\"></span>es typically res<span class=\"_ _2b\"></span>ult from the pr<span class=\"_ _0\"></span>actice of<span class=\"_ _0\"></span> <span class=\"lse2\">holding large </span></div>\n<div class=\"t m0 x7 h4f y11f8 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">domest<span class=\"_ _0\"></span>ic sover<span class=\"_ _0\"></span>eign pos<span class=\"_ _0\"></span>itions.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 828px; height: 278px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h55 y11f9 ff18b fs3a fc1f sc0 lse0 wsef\" style=\"z-index: 15;\">4.7.1.2 <span class=\"ls0 ws0\"> <span class=\"_\"> </span></span><span class=\"wsf0\">Default risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y11fa ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Default ri<span class=\"_ _2b\"></span>sk is composed of two su<span class=\"_ _0\"></span>b<span class=\"ls0 ws0\">-</span><span class=\"lse1\">risks:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y11fb ff188 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">a.<span class=\"ls0 ws0\"> <span class=\"_ _22\"> </span></span><span class=\"wsf0\">investm<span class=\"_ _0\"></span>ent defau<span class=\"_ _0\"></span>lt risk;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y11fc ff188 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">b.<span class=\"ls0 ws0\"> <span class=\"_ _22\"> </span><span class=\"lse2 wsfa\">counterpart<span class=\"_ _2\"></span>y default risk.</span> </span></div>\n<div class=\"t m0 x7 h4f y11fd ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y11fe ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The credit<span class=\"_ _0\"></span> exposur<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>ca<span class=\"_ _0\"></span>n be found in not<span class=\"_ _0\"></span>e 9 Cash and c<span class=\"_ _0\"></span>ash equiva<span class=\"_ _0\"></span>lents; not<span class=\"_ _0\"></span>e 12 Loans; N<span class=\"_ _0\"></span>o<span class=\"lse2 ws103\">te 27 Derivatives held<span class=\"_ _2\"></span> for Trading and note 28 Commit<span class=\"_ _2\"></span>ments.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y11ff ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1200 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he impai<span class=\"_ _0\"></span>red credit ris<span class=\"_ _2b\"></span>k exposure as at 31 De<span class=\"_ _0\"></span>cember<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1201 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 415px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 492px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 549px; bottom: 666px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 642px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y63a ff188 fs3c fc1f sc0 ls0 ws0\" style=\"left: 720px; bottom: 666px; z-index: 15;\">  </div>\n<div><br/></div>\n<div class=\"t m0 x11e h52 y63a ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 666px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 381px; bottom: 636px; z-index: 15;\">Impaired<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 368px; bottom: 621px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 443px; bottom: 651px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 449px; bottom: 636px; z-index: 15;\">for specific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff188 fs3c fc1f sc0 lsef ws102\" style=\"left: 454px; bottom: 621px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 530px; bottom: 636px; z-index: 15;\">Coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff188 fs3c fc1f sc0 lsef ws10a\" style=\"left: 550px; bottom: 621px; z-index: 15;\">ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 636px; z-index: 15;\">Impaired<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 596px; bottom: 621px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 672px; bottom: 651px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y647 ff188 fs3c fc1f sc0 lsf0 wsf8\" style=\"left: 678px; bottom: 636px; z-index: 15;\">for <span class=\"lsef ws10a\">s<span class=\"_ _2\"></span>pecific<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x152 h52 y603 ff188 fs3c fc1f sc0 lsef ws102\" style=\"left: 683px; bottom: 621px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y647 ff188 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 758px; bottom: 636px; z-index: 15;\">Coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff188 fs3c fc1f sc0 lsef ws10a\" style=\"left: 778px; bottom: 621px; z-index: 15;\">ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 415px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y601 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 492px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h54 y601 ff18b fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff18b fs3c fc14 sc0 ls0 ws0\" style=\"left: 642px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff18b fs3c fc14 sc0 ls0 ws0\" style=\"left: 720px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h54 y601 ff18b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 606px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 591px; z-index: 15;\">Interest bearing investments (<span class=\"_ _0\"></span>see note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 591px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 591px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 537px; bottom: 591px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 638px; bottom: 591px; z-index: 15;\">6</div>\n<div class=\"t m0 x160 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 591px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y603 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 591px; z-index: 15;\">350.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 576px; z-index: 15;\">Loans (see note 12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 576px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 576px; z-index: 15;\">(24)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 542px; bottom: 576px; z-index: 15;\">57.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 576px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 576px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y605 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 576px; z-index: 15;\">58.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 561px; z-index: 15;\">Other receivables (see no<span class=\"_ _0\"></span>te 14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 561px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 561px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 542px; bottom: 561px; z-index: 15;\">58.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 561px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 705px; bottom: 561px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f4 ff188 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 561px; z-index: 15;\">162.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 415px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 492px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 642px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 720px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff188 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 546px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y632 ff18a fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 531px; z-index: 15;\">Total im<span class=\"_ _2b\"></span>paired credi<span class=\"_ _0\"></span>t expos<span class=\"_ _2b\"></span>ure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 400px; bottom: 531px; z-index: 15;\">140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 476px; bottom: 531px; z-index: 15;\">(87)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 542px; bottom: 531px; z-index: 15;\">62.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 633px; bottom: 531px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 705px; bottom: 531px; z-index: 15;\">(98)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y632 ff18a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 765px; bottom: 531px; z-index: 15;\">121.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y120c ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y120d ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y120e ff188 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">A. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"lse2 ws103\">INVESTMENT DEFAULT RISK</span> </span></div>\n<div class=\"t m0 x7 h4f y120f ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The inves<span class=\"_ _0\"></span>tment <span class=\"_ _0\"></span>default<span class=\"_ _0\"></span> risk re<span class=\"_ _0\"></span>present<span class=\"_ _0\"></span>s the r<span class=\"lse1 ws11d\">isk of actual default of </span></div>\n<div class=\"t m0 x7 h4f y1210 ff188 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">inves<span class=\"_ _2b\"></span>tments. Valu<span class=\"_ _2b\"></span>e movements d<span class=\"_ _0\"></span>ue to mark<span class=\"_ _0\"></span>et short<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">term </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1211 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity are cove<span class=\"_ _2b\"></span>red under market ri<span class=\"_ _0\"></span>sk. This do<span class=\"_ _0\"></span>es not inclu<span class=\"_ _2b\"></span>de contracts</div>\n<div class=\"t m0 x7 h4f y1212 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">covered <span class=\"_ _2b\"></span>under counter<span class=\"_ _0\"></span>party def<span class=\"_ _2b\"></span>ault risk (see s<span class=\"_ _2b\"></span>ection B).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1213 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1214 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This risk is m<span class=\"_ _2b\"></span>anaged through lim<span class=\"_ _2b\"></span>its which take int<span class=\"_ _0\"></span>o account<span class=\"_ _0\"></span> the type of</div>\n<div class=\"t m0 x7 h4f y1215 ff188 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">credit exposure<span class=\"_ _2\"></span>, credit quality and, where<span class=\"_ _2\"></span> needed, maturity, and throu<span class=\"_ _2\"></span>gh</div>\n<div class=\"t m0 x7 h4f y1216 ff188 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">regular mon<span class=\"_ _2\"></span>itoring and early w<span class=\"_ _2\"></span>arning systems. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1217 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1218 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ment expos<span class=\"_ _0\"></span>ures are mo<span class=\"_ _0\"></span>nitored t<span class=\"_ _0\"></span>hrough a qua<span class=\"_ _2b\"></span>rterly Limit Br<span class=\"wsef\">ea<span class=\"_ _0\"></span>ch </span></div>\n<div class=\"t m0 x7 h4f y1219 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Report. L<span class=\"_ _0\"></span>imits are mo<span class=\"_ _2b\"></span>nitored on fair val<span class=\"_ _0\"></span>ues based o<span class=\"_ _0\"></span>n asset</div>\n<div class=\"t m0 x7 h4f y121a ff188 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">classificati<span class=\"_ _2\"></span>on. The limits are defined<span class=\"_ _2\"></span> by the following categories.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y121b ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y121c ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Limits on g<span class=\"_ _0\"></span>overnment<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>bond<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>e defined by c<span class=\"_ _0\"></span>ountry in m<span class=\"_ _0\"></span>ultiple w<span class=\"_ _2b\"></span>ays:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y121d ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse0 wsf0\">\u2018macro limits\u2019, d<span class=\"_ _0\"></span>efined as p<span class=\"_ _0\"></span>ercenta<span class=\"_ _2b\"></span>ges of gross <span class=\"lse2 wsfa\">domestic produ<span class=\"_ _2\"></span>ct </span></span></span></div>\n<div class=\"t m0 x25a h4f y121e ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(GDP), g<span class=\"_ _0\"></span>overnm<span class=\"_ _2b\"></span>ent debt and inv<span class=\"_ _2b\"></span>estment asset<span class=\"_ _0\"></span>s;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y121f ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 ws103\">T<span class=\"_ _2\"></span>otal One Obligor (TOO) limi<span class=\"_ _2\"></span>ts defined as maximum exposu<span class=\"_ _2\"></span>re to </span></span></div>\n<div class=\"t m0 x25a h4f y1220 ff188 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">one oblig<span class=\"_ _0\"></span>or based on cr<span class=\"_ _0\"></span>edit rati<span class=\"_ _0\"></span>ngs;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1221 ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 wsf1\">(<span class=\"_ _2\"></span>re</span><span class=\"ff188\">-<span class=\"lse0 wsfa\">)invest<span class=\"_ _0\"></span>ment re<span class=\"_ _2b\"></span>strictions: I<span class=\"_ _2b\"></span>ncreases in ex<span class=\"_ _0\"></span>posure t<span class=\"_ _0\"></span>o <span class=\"lse2 wsf1\">sovereigns<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x25a h4f y1222 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rated B<span class=\"_ _0\"></span>BB are on<span class=\"_ _2b\"></span>ly allowed o<span class=\"wsf0\">n the<span class=\"_ _0\"></span> conditio<span class=\"_ _0\"></span>n of having a st<span class=\"_ _0\"></span>able </span></div>\n<div class=\"t m0 x25a h4f y1223 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outlook<span class=\"_ _0\"></span>. No new <span class=\"_ _0\"></span>investm<span class=\"_ _2b\"></span>ents in soverei<span class=\"_ _0\"></span>gn debt w<span class=\"_ _2b\"></span>ith a rating be<span class=\"_ _0\"></span>low</div>\n<div class=\"t m0 x25a h4f y1224 ff188 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">BBB without the<span class=\"_ _2\"></span> approval of the A<span class=\"wsf1\">geas <span class=\"ls0 ws0\">R<span class=\"_ _2\"></span><span class=\"lse1 wsf0\">isk </span>C</span>ommittee<span class=\"lsf4 ws10c\">. <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y1225 ff188 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1226 ff188 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Limits o<span class=\"_ _0\"></span>n corpo<span class=\"_ _0\"></span>rate bon<span class=\"_ _0\"></span>ds are a<span class=\"_ _0\"></span>lso defi<span class=\"_ _0\"></span>ned on m<span class=\"_ _2b\"></span>ultiple criter<span class=\"_ _0\"></span>ia:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1227 ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 wsfa\">T<span class=\"_ _2\"></span>otal corporate bon<span class=\"_ _2\"></span>ds exposure as <span class=\"lse0 wsf0\">a percentage of the po<span class=\"_ _0\"></span>rtfoli<span class=\"_ _0\"></span>o;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1228 ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 ws103\">L<span class=\"_ _2\"></span>imits in function of the so<span class=\"_ _2\"></span>lvency capital required<span class=\"_ _2\"></span> for spread risk;</span><span class=\"ff188\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1229 ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 ws103\">L<span class=\"_ _2\"></span>imits by sector based on the cr<span class=\"_ _2\"></span>edit ratings;</span><span class=\"ff188\"> </span></span></div>\n<div class=\"t m0 x1a h4f y122a ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse0 wsf0\">Monitoring of con<span class=\"_ _0\"></span>centr<span class=\"_ _0\"></span>ated expos<span class=\"_ _2b\"></span>ure;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y122b ff18c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff18d\"> <span class=\"_ _46\"> </span><span class=\"ff188 lse2 wsfa\">T<span class=\"_ _2\"></span>otal One Obligor.</span><span class=\"ff188\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 253px; height: 564px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff18e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The credit ra<span class=\"_ _2\"></span>ting ap<span class=\"wsfa\">plied by Ageas<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">is base<span class=\"_ _2b\"></span>d on the second<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">best availabl<span class=\"_ _2\"></span>e rating</span> </span>from Moody\u2019<span class=\"_ _0\"></span>s, Fitch an<span class=\"_ _0\"></span>d Standa<span class=\"_ _0\"></span>rd &amp; Poor\u2019s. F<span class=\"_ _2b\"></span>or <span class=\"_ _2\"></span>sp<span class=\"_ _0\"></span>ecific exp<span class=\"_ _2b\"></span>osure types, </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff18e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">other rat<span class=\"_ _0\"></span>ing agenc<span class=\"_ _0\"></span>ies can be us<span class=\"_ _0\"></span>ed, for exam<span class=\"_ _0\"></span>ple AM Best<span class=\"_ _0\"></span> for reins<span class=\"_ _0\"></span>urance co<span class=\"_ _0\"></span>unterpa<span class=\"_ _0\"></span>rties. In t<span class=\"_ _0\"></span>he paragr<span class=\"_ _0\"></span>aphs her<span class=\"_ _0\"></span>eafter, m<span class=\"_ _0\"></span>ore det<span class=\"lse2 wsfa\">ail is provided on<span class=\"_ _2\"></span> the credit </span></div>\n<div class=\"t m0 x7 h4f y804 ff18e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">quality of <span class=\"lse0 wsf0\">loans; interes<span class=\"_ _0\"></span>t beari<span class=\"_ _0\"></span>ng inves<span class=\"_ _0\"></span>tments<span class=\"lse2 wsfa\">; government bonds; <span class=\"_ _2\"></span>corporate bonds; bank<span class=\"_ _2\"></span>s and other finan<span class=\"_ _2\"></span>cials.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yd15 ff190 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">1 <span class=\"_ _1ac\"> </span><span class=\"lse2 wsf1\">Loans </span> </div>\n<div class=\"t m0 x7 h4f yd16 ff18e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he credit qu<span class=\"_ _2b\"></span>ality of loans.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc7b ff18e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 986px; z-index: 15;\"> </div>\n<div class=\"t m0 x18 h52 y601 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 608px; bottom: 986px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y601 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 986px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 x236 h52 y603 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 570px; bottom: 971px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y603 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 737px; bottom: 971px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 956px; z-index: 15;\">Investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y605 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y605 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff18e fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 941px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 941px; z-index: 15;\">1,359<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 941px; z-index: 15;\">1,402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff18e fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 926px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f2 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 926px; z-index: 15;\">2,225<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f2 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 926px; z-index: 15;\">2,335<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff18e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 911px; z-index: 15;\">A</div>\n<div class=\"t m0 x2a2 h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 911px; z-index: 15;\">2,429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 911px; z-index: 15;\">2,262<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff18e fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 896px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f2 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 896px; z-index: 15;\">617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f2 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 896px; z-index: 15;\">331<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y60e ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 882px; z-index: 15;\">6,630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y60e ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 882px; z-index: 15;\">6,330<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff18e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 867px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5f9 ff18e fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 867px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f9 ff18e fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 867px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 852px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y60e ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 852px; z-index: 15;\">7,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y60e ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 852px; z-index: 15;\">7,016<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 837px; z-index: 15;\">Residential mortgages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 837px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 837px; z-index: 15;\">1,175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 822px; z-index: 15;\">Total investments in lo<span class=\"_ _0\"></span>ans, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f7 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 822px; z-index: 15;\">15,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f7 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 822px; z-index: 15;\">14,521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 807px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 807px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 807px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff191 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 792px; z-index: 15;\">Total investments in loans, net (see note 12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y601 ff191 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 792px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y601 ff191 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 792px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1245 ff18e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h55 y1246 ff190 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">2 <span class=\"_ _1ac\"> </span><span class=\"lse2 wsfa\">Interest bearing i<span class=\"_ _2\"></span>nvestments</span> </div>\n<div class=\"t m0 x7 h4f y1247 ff18e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below outli<span class=\"_ _2b\"></span>nes the credit qual<span class=\"_ _0\"></span>ity of inte<span class=\"_ _0\"></span>rest<span class=\"ls0 ws0\">-</span>bearin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>inves<span class=\"_ _0\"></span>tments a<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>at 31<span class=\"ls0 ws0\"> </span><span class=\"wsef\">Dec<span class=\"_ _2b\"></span>ember.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1248 ff18e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x18 h52 y647 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 608px; bottom: 698px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y647 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 698px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 683px; z-index: 15;\"> </div>\n<div class=\"t m0 x236 h52 y5ff ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 570px; bottom: 683px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5ff ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 737px; bottom: 683px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y601 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y601 ff18e fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff18e fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 653px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 653px; z-index: 15;\">3,239<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 653px; z-index: 15;\">4,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff18e fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 638px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y605 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 638px; z-index: 15;\">20,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y605 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 638px; z-index: 15;\">27,883<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff18e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\">A</div>\n<div class=\"t m0 x2a2 h52 y603 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 623px; z-index: 15;\">4,787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 623px; z-index: 15;\">6,432<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff18e fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 608px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y605 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 608px; z-index: 15;\">10,940<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y605 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 608px; z-index: 15;\">13,820<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f4 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 593px; z-index: 15;\">39,667<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f4 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 593px; z-index: 15;\">52,145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff18e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 579px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y638 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 579px; z-index: 15;\">229<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y638 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 579px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 564px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 564px; z-index: 15;\">2,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 564px; z-index: 15;\">1,734<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff18e fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Total investments in interest<span class=\"_ _0\"></span> bearing securities, net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f9 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 549px; z-index: 15;\">42,316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f9 ff18e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 549px; z-index: 15;\">54,074<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 ydd0 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 534px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 ydd0 ff18e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 534px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff191 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 519px; z-index: 15;\">Total investments in interest bearing securities,<span class=\"ls0 ws0\"> </span>gross (see note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f9 ff191 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 519px; z-index: 15;\">42,330<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f9 ff191 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 519px; z-index: 15;\">54,095<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 508px; height: 598px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h55 y802 ff195 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">3 <span class=\"_ _1ac\"> </span><span class=\"lse2 wsfa\">Government bonds</span> </div>\n<div class=\"t m0 x7 h4f y803 ff193 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he credit qu<span class=\"_ _2b\"></span>ality of governme<span class=\"_ _0\"></span>nt bonds.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff193 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y603 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 552px; bottom: 1034px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 719px; bottom: 1034px; z-index: 15;\">31 December <span class=\"wsf4\">2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y605 ff193 fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">By IFRS cl<span class=\"_ _0\"></span>assificatio<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h54 y605 ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h54 y605 ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Available for sale<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 1004px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1004px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Held at fair value <span class=\"_ _0\"></span>through profit or loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5f2 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f2 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 974px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 974px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff196 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Total government bonds (<span class=\"_ _2\"></span>see note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f2 ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 959px; z-index: 15;\">27,125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f2 ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 959px; z-index: 15;\">35,491<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 947px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 947px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 947px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff193 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 932px; z-index: 15;\">By rat<span class=\"_ _2\"></span>ing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5f9 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f9 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 918px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f7 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 918px; z-index: 15;\">2,024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f7 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 918px; z-index: 15;\">2,251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 903px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 903px; z-index: 15;\">19,188<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 903px; z-index: 15;\">25,546<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 888px; z-index: 15;\">A</div>\n<div class=\"t m0 xd7 h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 888px; z-index: 15;\">571<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 888px; z-index: 15;\">1,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 873px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 873px; z-index: 15;\">4,913<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 873px; z-index: 15;\">6,381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 858px; z-index: 15;\">Total investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y601 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 858px; z-index: 15;\">26,696<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y601 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 858px; z-index: 15;\">35,447<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 843px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5fc ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 843px; z-index: 15;\"> </div>\n<div class=\"t m0 x4a h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 843px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 829px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 829px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y601 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 829px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 814px; z-index: 15;\">Total non<span class=\"ls0 ws0\">-</span>investment grade and unrate<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 814px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 785px; bottom: 814px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f2 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f2 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff196 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 787px; z-index: 15;\">Total government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y60e ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 787px; z-index: 15;\">27,125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y60e ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 787px; z-index: 15;\">35,491<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y1264 ff195 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">4 <span class=\"_ _1ac\"> </span><span class=\"lse2 ws103\">Corporate bonds </span> </div>\n<div class=\"t m0 x7 h4f y1265 ff193 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> provides <span class=\"lse0 wsf0\">inform<span class=\"_ _0\"></span>ation on th<span class=\"_ _0\"></span>e credit qua<span class=\"_ _2b\"></span>lity of corporate b<span class=\"_ _0\"></span>onds.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y60e ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 552px; bottom: 724px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 719px; bottom: 724px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff193 fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 708px; z-index: 15;\">By IFRS cl<span class=\"_ _0\"></span>assificatio<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h54 y5f9 ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h54 y5f9 ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff193 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 693px; z-index: 15;\">Available for sale<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 693px; z-index: 15;\">9,145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 693px; z-index: 15;\">11,680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 679px; z-index: 15;\">Held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 679px; z-index: 15;\">123<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y5fc ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff196 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 664px; z-index: 15;\">Total corporate bonds (see note 10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y63a ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 664px; z-index: 15;\">9,268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y63a ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 664px; z-index: 15;\">11,680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5ff ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5ff ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 637px; z-index: 15;\">By rat<span class=\"_ _2\"></span>ing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 622px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 622px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 622px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff193 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 607px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y605 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 607px; z-index: 15;\">430<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y605 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 607px; z-index: 15;\">648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 592px; z-index: 15;\">A</div>\n<div class=\"t m0 x2a2 h52 y5f4 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 592px; z-index: 15;\">2,746<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 592px; z-index: 15;\">3,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 577px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y638 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 577px; z-index: 15;\">4,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y638 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 577px; z-index: 15;\">6,368<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Total investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 563px; z-index: 15;\">8,141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f4 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 563px; z-index: 15;\">10,674<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f2 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 548px; z-index: 15;\">228<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5f2 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 548px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 533px; z-index: 15;\">899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 ydd0 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 533px; z-index: 15;\">843<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 518px; z-index: 15;\">Total non<span class=\"ls0 ws0\">-</span>investment grade and unrate<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f9 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 518px; z-index: 15;\">1,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f9 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 518px; z-index: 15;\">1,006<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 506px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f7 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 506px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f7 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 506px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff196 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 491px; z-index: 15;\">Total corporate bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y5ff ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 491px; z-index: 15;\">9,268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5ff ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 768px; bottom: 491px; z-index: 15;\">11,680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y1277 ff195 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">5 <span class=\"_ _1ac\"> </span><span class=\"lse2 wsfa\">Banks and other <span class=\"_ _2\"></span><span class=\"lse0 wsef\">fina<span class=\"_ _2b\"></span>ncials<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1278 ff193 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below provi<span class=\"_ _0\"></span>des info<span class=\"_ _0\"></span>rmation on t<span class=\"_ _0\"></span>he credit qu<span class=\"_ _2b\"></span>ality of banks and oth<span class=\"_ _0\"></span>er financ<span class=\"_ _0\"></span>ial instit<span class=\"_ _2b\"></span>utions.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1279 ff193 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 413px; z-index: 15;\"> </div>\n<div class=\"t m0 x77 h52 y601 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 552px; bottom: 413px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y601 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 719px; bottom: 413px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff193 fs3c fc1f sc0 lse5 ws15d\" style=\"left: 69px; bottom: 397px; z-index: 15;\">By IFRS cl<span class=\"_ _0\"></span>assificatio<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h54 y5ff ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 397px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h54 y5ff ff195 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 397px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff193 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Available for sale<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y647 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 382px; z-index: 15;\">5,566<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y647 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 382px; z-index: 15;\">6,715<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 367px; z-index: 15;\">Held at fair value <span class=\"_ _0\"></span>through profit or loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 367px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y603 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 367px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff193 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 352px; z-index: 15;\">Held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y608 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 352px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y608 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff196 fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 338px; z-index: 15;\">Total <span class=\"_ _2b\"></span>banking and<span class=\"_ _0\"></span> other<span class=\"_ _0\"></span> financ<span class=\"_ _2b\"></span>ials (see <span class=\"_ _0\"></span>note 1<span class=\"_ _0\"></span>0)<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y603 ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 338px; z-index: 15;\">5,881<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y603 ff196 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 338px; z-index: 15;\">6,849<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y638 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y638 ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff193 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 311px; z-index: 15;\">By rat<span class=\"_ _2\"></span>ing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1b h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y60e ff193 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 296px; z-index: 15;\">AAA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y70b ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 296px; z-index: 15;\">1,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y70b ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 296px; z-index: 15;\">1,719<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff193 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 281px; z-index: 15;\">AA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f7 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 281px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f7 ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 281px; z-index: 15;\">1,674<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 266px; z-index: 15;\">A</div>\n<div class=\"t m0 x2a2 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 266px; z-index: 15;\">1,470<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 266px; z-index: 15;\">1,544<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff193 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 251px; z-index: 15;\">BBB<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y63a ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 251px; z-index: 15;\">1,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y63a ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 251px; z-index: 15;\">1,070<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 236px; z-index: 15;\">Total investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 236px; z-index: 15;\">4,818<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5fc ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 236px; z-index: 15;\">6,007<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff193 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 222px; z-index: 15;\">Below investment grade<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a6 h52 y647 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 222px; z-index: 15;\">1</div>\n<div class=\"t m0 x2a6 h52 y647 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 222px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 207px; z-index: 15;\">Unrated<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 207px; z-index: 15;\">1,062<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y5ff ff193 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 207px; z-index: 15;\">835<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff193 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 192px; z-index: 15;\">Total non<span class=\"ls0 ws0\">-</span>investment grade and unrate<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y647 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 192px; z-index: 15;\">1,063<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd7 h52 y647 ff193 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 192px; z-index: 15;\">842<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 180px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f4 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 180px; z-index: 15;\"> </div>\n<div class=\"t m0 x1b h52 y5f4 ff193 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 180px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff196 fs3c fc28 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 165px; z-index: 15;\">Total ba<span class=\"_ _2b\"></span>nks and othe<span class=\"_ _0\"></span>r financ<span class=\"_ _2b\"></span>ials<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y638 ff196 fs3c fc28 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 165px; z-index: 15;\">5,881<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h54 y638 ff196 fs3c fc28 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 165px; z-index: 15;\">6,849<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 154px; height: 952px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff198 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">B. <span class=\"ls0 ws0\"> <span class=\"_ _37\"> </span><span class=\"ls107 ws11c\">COUN<span class=\"_ _0\"></span>TERPAR<span class=\"_ _2b\"></span>TY DEFAULT RI<span class=\"_ _2b\"></span>SK<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">C<span class=\"lse0 wsf0\">ounterpart<span class=\"_ _0\"></span>y default<span class=\"_ _0\"></span> risk refl<span class=\"_ _2b\"></span>ects possible loss<span class=\"_ _0\"></span>es due to unex<span class=\"_ _2b\"></span>pected </span></div>\n<div class=\"t m0 x7 h4f y804 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">default<span class=\"_ _0\"></span>, or dete<span class=\"_ _2b\"></span>rioration in t<span class=\"_ _0\"></span>he credit<span class=\"_ _2b\"></span> standing, of c<span class=\"_ _2b\"></span>ounterpartie<span class=\"_ _2b\"></span>s and</div>\n<div class=\"t m0 x7 h4f y805 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">debtors. The scope<span class=\"_ _2\"></span> of the counterparty defaul<span class=\"_ _2\"></span>t risk category includes</div>\n<div class=\"t m0 x7 h4f y806 ff198 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">miti<span class=\"_ _0\"></span>gating cont<span class=\"_ _2b\"></span>racts (such as rein<span class=\"_ _2b\"></span>surance<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">arrangemen<span class=\"_ _2\"></span>ts, </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y807 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">securitisation<span class=\"_ _2\"></span>s and derivatives), cash<span class=\"_ _2\"></span>, receivables from intermediari<span class=\"_ _2\"></span>es,</div>\n<div class=\"t m0 x7 h4f y808 ff198 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">diver<span class=\"_ _2\"></span>sified<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 ws103\">mortgage portfolios, and<span class=\"_ _2\"></span> other credit exposure not <span class=\"lse0 wsef\">covered </span></span></span></div>\n<div class=\"t m0 x7 h4f y809 ff198 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">elsewhere<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y80a ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80b ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Counterpart<span class=\"_ _2\"></span>y default risk can arise due<span class=\"_ _2\"></span> to the purchase of reinsurance</div>\n<div class=\"t m0 x7 h4f y80c ff198 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">or <span class=\"lse2 wsfa\">other ris<span class=\"_ _2\"></span>k mitigation<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">cont<span class=\"_ _2\"></span>racts</span>. Ageas minimis<span class=\"_ _2\"></span>es this risk thro<span class=\"_ _2\"></span>ugh </span></div>\n<div class=\"t m0 x7 h4f y80d ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">policies on<span class=\"_ _2\"></span> counterparty selec<span class=\"_ _2\"></span>tion, collateral req<span class=\"_ _2\"></span>uirements and</div>\n<div class=\"t m0 x7 h4f y80e ff198 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">diversific<span class=\"_ _2b\"></span>ation.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80f ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y810 ff198 fs3a fc14 sc0 ls106 ws10c\" style=\"z-index: 15;\">Within Agea<span class=\"_ _0\"></span>s, this risk is miti<span class=\"_ _2b\"></span>ga<span class=\"lse2 ws103\">ted<span class=\"_ _2\"></span> through the application of Agea<span class=\"_ _2\"></span>s\u2019s </span></div>\n<div class=\"t m0 x7 h4f y90a ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Default Ri<span class=\"_ _2b\"></span>sk Policy and clos<span class=\"_ _0\"></span>e monitori<span class=\"_ _2b\"></span>ng of outstanding cou<span class=\"_ _2b\"></span>nterparty</div>\n<div class=\"t m0 x7 h4f y90b ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">default<span class=\"_ _0\"></span> positio<span class=\"_ _0\"></span>ns. Divers<span class=\"_ _2b\"></span>ification and avoi<span class=\"_ _0\"></span>dance of l<span class=\"_ _0\"></span>ow rated ex<span class=\"_ _0\"></span>posures</div>\n<div class=\"t m0 x7 h4f y90c ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are key e<span class=\"_ _2b\"></span>lements in the <span class=\"_ _0\"></span>mitigat<span class=\"_ _0\"></span>ion of this<span class=\"_ _2b\"></span> risk.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90d ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90e ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairment for<span class=\"_ _2\"></span> specific cr<span class=\"lse0 wsfa\">edit risk<span class=\"_ _0\"></span> is est<span class=\"_ _0\"></span>ablishe<span class=\"_ _0\"></span>d if the<span class=\"_ _0\"></span>re is obj<span class=\"_ _0\"></span>ective </span></div>\n<div class=\"t m0 x7 h4f y90f ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">evidenc<span class=\"_ _2b\"></span>e that Ageas w<span class=\"_ _0\"></span>ill not b<span class=\"_ _0\"></span>e able t<span class=\"_ _0\"></span>o collec<span class=\"_ _0\"></span>t all am<span class=\"_ _0\"></span>ounts d<span class=\"_ _0\"></span>ue in</div>\n<div class=\"t m0 x7 h4f y910 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">accorda<span class=\"_ _2b\"></span>nce with contract<span class=\"_ _0\"></span>ual terms.<span class=\"_ _0\"></span> The amou<span class=\"_ _0\"></span>nt of the impa<span class=\"_ _2b\"></span>irment is the</div>\n<div class=\"t m0 x7 h4f y911 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nce betw<span class=\"_ _2b\"></span>een the carryin<span class=\"_ _2b\"></span>g amount and t<span class=\"_ _0\"></span>he recov<span class=\"_ _2b\"></span>erable amount. I<span class=\"_ _2b\"></span>n</div>\n<div class=\"t m0 x7 h4f y912 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">t<span class=\"lse0 wsf0\">he case of market<span class=\"_ _0\"></span> traded sec<span class=\"_ _2b\"></span>urities, the recov<span class=\"_ _2b\"></span>erable amount is th<span class=\"_ _0\"></span>e fair </span></div>\n<div class=\"t m0 x7 h4f y913 ff198 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">value.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y914 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y915 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Impairments are<span class=\"_ _2\"></span> based on <span class=\"wsf1\">Ageas\u2019<span class=\"ls0 ws0\">s </span></span>l<span class=\"_ _2\"></span>atest estimate of the recov<span class=\"_ _2\"></span>erable</div>\n<div class=\"t m0 x7 h4f y916 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount a<span class=\"_ _2b\"></span>nd represent th<span class=\"_ _0\"></span>e loss t<span class=\"_ _0\"></span>hat Ageas<span class=\"_ _0\"></span> consi<span class=\"_ _0\"></span>ders it w<span class=\"_ _0\"></span>ill incu<span class=\"_ _2b\"></span>r.</div>\n<div class=\"t m0 x7 h4f y917 ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Conditions<span class=\"_ _2\"></span> for write<span class=\"ls0 ws0\">-</span><span class=\"lse0\">off may be t<span class=\"_ _2b\"></span>hat the o<span class=\"lse2\">bligor\u2019s bankrup<span class=\"_ _2\"></span>tcy proceedings </span></span></div>\n<div class=\"t m0 x7 h4f y918 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">have been final<span class=\"_ _2\"></span>ised and securities have been<span class=\"_ _2\"></span> exhausted, the obligor</div>\n<div class=\"t m0 x7 h4f y919 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and/or gu<span class=\"_ _0\"></span>arantor<span class=\"_ _0\"></span>s are inso<span class=\"_ _0\"></span>lvent, all n<span class=\"_ _0\"></span>ormal rec<span class=\"_ _2b\"></span>overy efforts have b<span class=\"_ _2b\"></span>een</div>\n<div class=\"t m0 x7 h4f y91a ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exhaust<span class=\"_ _0\"></span>ed, or the ec<span class=\"_ _0\"></span>onomic l<span class=\"_ _0\"></span>oss period (<span class=\"_ _0\"></span>i.e. the pe<span class=\"_ _0\"></span>riod withi<span class=\"_ _2b\"></span>n which all</div>\n<div class=\"t m0 x7 h4f y91b ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span> wil<span class=\"lse2 wsfa\">l exceed the r<span class=\"_ _2\"></span>ecoverable amount) ha<span class=\"_ _2\"></span>s been reached.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 583px; height: 529px; width: 354px; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag448": {
   "value": "\n<div class=\"t m0 x7 h55 y968 ff19a fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">4.7.1.3<span class=\"ls0 ws0\"> <span class=\"_ _211\"> </span><span class=\"ls102 ws129\">Liquidity<span class=\"_ _2\"></span> risk</span> </span></div>\n<div class=\"t m0 x7 h4f y969 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Liquidi<span class=\"_ _0\"></span>ty risk is<span class=\"_ _0\"></span> the ris<span class=\"_ _2b\"></span>k of being una<span class=\"_ _0\"></span>ble to liq<span class=\"_ _0\"></span>uidate i<span class=\"_ _2b\"></span>nvestments an<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x7 h4f y96a ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other assets in<span class=\"_ _2\"></span> order to settle financial obliga<span class=\"_ _2\"></span>tions when they fall due.</div>\n<div class=\"t m0 x7 h4f y96b ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For exam<span class=\"_ _0\"></span>ple, this can oc<span class=\"_ _2b\"></span>cur when unexpec<span class=\"_ _0\"></span>ted cash d<span class=\"_ _0\"></span>emands of</div>\n<div class=\"t m0 x7 h4f y96c ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">policyholder<span class=\"_ _2\"></span>s, and other contra<span class=\"_ _2\"></span>ct holders, cannot<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">be met<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>with<span class=\"_ _2b\"></span>out </span></div>\n<div class=\"t m0 x7 h4f y96d ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sufferi<span class=\"_ _2b\"></span>ng losses or without<span class=\"_ _0\"></span> endange<span class=\"_ _0\"></span>ring the bus<span class=\"_ _0\"></span>iness fr<span class=\"_ _0\"></span>anchise d<span class=\"_ _2b\"></span>ue to</div>\n<div class=\"t m0 x7 h4f y96e ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">constra<span class=\"_ _0\"></span>ints on <span class=\"_ _0\"></span>liquidat<span class=\"_ _0\"></span>ing asset<span class=\"_ _2b\"></span>s. These cons<span class=\"_ _0\"></span>traint<span class=\"_ _0\"></span>s may be s<span class=\"_ _0\"></span>tructu<span class=\"_ _0\"></span>ral or</div>\n<div class=\"t m0 x7 h4f y96f ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">due to mark<span class=\"_ _0\"></span>et disrupt<span class=\"_ _0\"></span>ion. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a4 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The fina<span class=\"_ _0\"></span>ncial comm<span class=\"_ _0\"></span>itments of<span class=\"_ _0\"></span> Ageas and its<span class=\"_ _0\"></span> local bus<span class=\"_ _0\"></span>inesses<span class=\"_ _0\"></span> are often<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y8a5 ff198 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">long<span class=\"ls0 ws0\">-</span><span class=\"ws103\">ter<span class=\"_ _2\"></span>m, and generally assets held<span class=\"_ _2\"></span> to back these would be long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span>term</div>\n<div class=\"t m0 x1a h4f y8a6 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and may not b<span class=\"_ _0\"></span>e liquid. Cl<span class=\"_ _2b\"></span>aims and other outfl<span class=\"_ _2b\"></span>ows can be unpredict<span class=\"_ _2b\"></span>able</div>\n<div class=\"t m0 x1a h4f yc95 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and may differ<span class=\"_ _2\"></span> significantly from expected amo<span class=\"_ _2\"></span>unts. If liquid resource<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y129f ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are not availab<span class=\"_ _2\"></span>le to meet a financial commi<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">tm<span class=\"_ _2b\"></span>ent as it falls due, liq<span class=\"_ _0\"></span>uid </span></div>\n<div class=\"t m0 x1a h4f y12a0 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">funds wi<span class=\"_ _0\"></span>ll need<span class=\"_ _0\"></span> to be borr<span class=\"_ _2b\"></span>owed and/or i<span class=\"_ _0\"></span>lliquid a<span class=\"_ _2b\"></span>ssets sold (whi<span class=\"_ _0\"></span>ch may</div>\n<div class=\"t m0 x1a h4f y12a1 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">trigger a signi<span class=\"_ _2\"></span>ficant loss in value) in ord<span class=\"_ _2\"></span>er to meet the commitment.</div>\n<div class=\"t m0 x1a h4f y12a2 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Losses wo<span class=\"_ _0\"></span>uld arise<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>from an<span class=\"_ _0\"></span>y discou<span class=\"_ _0\"></span>nt that wou<span class=\"_ _0\"></span>ld need to be off<span class=\"_ _0\"></span>ered to</div>\n<div class=\"t m0 x1a h4f y12a3 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liquida<span class=\"_ _0\"></span>te assets<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y12a4 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y12a5 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As an insura<span class=\"_ _2b\"></span>nce group, Ageas is n<span class=\"_ _0\"></span>ormally c<span class=\"_ _0\"></span>ash accret<span class=\"_ _0\"></span>ive and henc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">this </span></span></div>\n<div class=\"t m0 x1a h4f y12a6 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risk is relat<span class=\"_ _2b\"></span>ively remote. A<span class=\"_ _0\"></span>geas keeps<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>a cash pos<span class=\"_ _2b\"></span>ition in order to be abl<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f ycb4 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to withs<span class=\"_ _0\"></span>tand<span class=\"ls0 ws0\"> </span><span class=\"lse2\">adverse liquidi<span class=\"_ _2\"></span>ty conditions if and<span class=\"_ _2\"></span> when arising. Sp<span class=\"_ _2\"></span>ecial </span></div>\n<div class=\"t m0 x1a h4f ycb5 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">attenti<span class=\"_ _2b\"></span>on is paid to the messa<span class=\"_ _0\"></span>ges fr<span class=\"lsfa ws114\">om <span class=\"lse2 ws103\">central bank<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">on potential </span></span></span></div>\n<div class=\"t m0 x1a h4f ycb6 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">changes <span class=\"_ _2b\"></span>in monetary po<span class=\"_ _0\"></span>licy sta<span class=\"_ _2b\"></span>nce. Dividen<span class=\"_ _0\"></span>d payment<span class=\"_ _2b\"></span>s to sharehol<span class=\"_ _2b\"></span>ders</div>\n<div class=\"t m0 x1a h4f ycb7 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">togeth<span class=\"_ _0\"></span>er with holdi<span class=\"_ _2b\"></span>ng costs are financ<span class=\"_ _0\"></span>ed by divide<span class=\"_ _2b\"></span>nd upstream from</div>\n<div class=\"t m0 x1a h4f y985 ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas opera<span class=\"_ _2\"></span>ting insurance enti<span class=\"_ _2\"></span>ties.<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Reinsu<span class=\"_ _0\"></span>rance ope<span class=\"_ _0\"></span>rations at t<span class=\"_ _0\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f y986 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">holdin<span class=\"_ _0\"></span>g level are al<span class=\"_ _0\"></span>so m<span class=\"lse2 ws103\">anaged separately<span class=\"_ _2\"></span> from a liquidity perspecti<span class=\"_ _2\"></span>ve.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y987 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y988 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Causes <span class=\"_ _0\"></span>of liqui<span class=\"_ _0\"></span>dity ris<span class=\"_ _0\"></span>k can be s<span class=\"_ _2b\"></span>plit into elem<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>at can c<span class=\"_ _2b\"></span>reate a</div>\n<div class=\"t m0 x1a h4f y989 ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sudden inc<span class=\"_ _2b\"></span>rease in the need for c<span class=\"_ _0\"></span>ash and ele<span class=\"_ _0\"></span>ments that<span class=\"_ _0\"></span> can reduc<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y98a ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unexpect<span class=\"_ _2b\"></span>edly the avai<span class=\"_ _0\"></span>lability<span class=\"_ _0\"></span> of exp<span class=\"_ _0\"></span>ected r<span class=\"_ _0\"></span>esources<span class=\"_ _0\"></span> to cov<span class=\"_ _0\"></span>er cash n<span class=\"_ _0\"></span>eeds<span class=\"lsf4 ws10c\">. </span></div>\n<div class=\"t m0 x1a h4f y98b ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Types of <span class=\"_ _2b\"></span>liquidity ris<span class=\"_ _0\"></span>k are the f<span class=\"_ _2b\"></span>ollowing:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y98c ff19b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff19c\"> <span class=\"_ _46\"> </span><span class=\"ff19a lse0 wsf0\">Underwriting li<span class=\"_ _2b\"></span>quidity risk<span class=\"ff198 ls0 ws0\"> </span><span class=\"ff198\">is the risk<span class=\"_ _0\"></span> that Ageas<span class=\"_ _0\"></span> or a local bus<span class=\"_ _0\"></span>iness </span></span></span></div>\n<div class=\"t m0 x25a h4f y98d ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">needs to pay<span class=\"_ _0\"></span> a material am<span class=\"_ _2b\"></span>ount to cover unant<span class=\"_ _2b\"></span>icipated chan<span class=\"_ _0\"></span>ges in</div>\n<div class=\"t m0 x25a h4f y98e ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">customer behavi<span class=\"_ _2\"></span>our (lapse risk), sudden<span class=\"_ _2\"></span> rise in frequency claims or</div>\n<div class=\"t m0 x25a h4f y98f ff198 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">sudden <span class=\"lse0 wsf0\">large claims res<span class=\"_ _2b\"></span>ulting from large or c<span class=\"_ _0\"></span>atastro<span class=\"_ _0\"></span>phic ev<span class=\"_ _0\"></span>ents </span></div>\n<div class=\"t m0 x25a h4f y990 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">such as w<span class=\"_ _0\"></span>indsto<span class=\"_ _0\"></span>rms, as<span class=\"_ _0\"></span>h clouds<span class=\"_ _0\"></span>, flu pan<span class=\"_ _2b\"></span>demic, etc.;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y991 ff19b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff19c\"> <span class=\"_ _46\"> </span><span class=\"ff19a lse0 wsfa\">Market liquidi<span class=\"_ _0\"></span>ty risk<span class=\"_ _0\"></span><span class=\"ff198 ls0 ws0\"> <span class=\"lse0 wsfa\">is the risk t<span class=\"_ _2b\"></span>hat the proces<span class=\"_ _2b\"></span>s of selling in it<span class=\"_ _2b\"></span>self </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y992 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">results <span class=\"_ _0\"></span>in loss<span class=\"_ _0\"></span>es due t<span class=\"_ _0\"></span>o market<span class=\"_ _0\"></span> condit<span class=\"_ _0\"></span>ions or <span class=\"_ _0\"></span>high co<span class=\"_ _0\"></span>ncentrat<span class=\"_ _0\"></span>ions;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y993 ff19b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff19c\"> <span class=\"_ _46\"> </span><span class=\"ff19a lse2 wsf1\">F<span class=\"_ _2\"></span>unding <span class=\"wsfa\">liquidity<span class=\"_ _2\"></span> risk</span></span><span class=\"ff198\"> <span class=\"lse0 wsf0\">is the risk that<span class=\"_ _0\"></span> Ageas or a loc<span class=\"_ _2b\"></span>al business will </span></span></span></div>\n<div class=\"t m0 x25a h4f y994 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not be ab<span class=\"_ _0\"></span>le to obt<span class=\"_ _2b\"></span>ain sufficient<span class=\"_ _0\"></span> outsi<span class=\"_ _0\"></span>de fundin<span class=\"_ _0\"></span>g, in c<span class=\"_ _0\"></span>ase its ass<span class=\"_ _2b\"></span>ets</div>\n<div class=\"t m0 x25a h4f y995 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are illi<span class=\"_ _0\"></span>quid, at<span class=\"_ _0\"></span> the tim<span class=\"_ _0\"></span>e it is ne<span class=\"_ _2b\"></span>eded (for exam<span class=\"_ _2b\"></span>ple, to meet an<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x25a h4f y996 ff198 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">unanticipated<span class=\"_ _2\"></span> large claim). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y997 ff198 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y9c8 ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Each bus<span class=\"_ _2b\"></span>iness has to ens<span class=\"_ _0\"></span>ure th<span class=\"lse2\">ey can meet all <span class=\"_ _2\"></span>liquidity requiremen<span class=\"_ _2\"></span>ts by </span></div>\n<div class=\"t m0 x1a h4f y9c9 ff198 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">identifying and<span class=\"_ _2\"></span> monitoring liquidity risk,<span class=\"_ _2\"></span> so that the circumstances<span class=\"_ _2\"></span> under</div>\n<div class=\"t m0 x1a h4f y9ca ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which liqu<span class=\"_ _2b\"></span>idity issues coul<span class=\"_ _0\"></span>d be possi<span class=\"_ _0\"></span>ble are know<span class=\"_ _0\"></span>n and unders<span class=\"_ _0\"></span>tood (i.<span class=\"_ _0\"></span>e.</div>\n<div class=\"t m0 x1a h4f y9cb ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unexpect<span class=\"_ _2b\"></span>ed adverse c<span class=\"_ _0\"></span>hange in l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>y run<span class=\"ls0 ws0\">-</span>off p<span class=\"_ _0\"></span>rofile,<span class=\"_ _0\"></span> mass lap<span class=\"_ _2b\"></span>se <span class=\"lsf4 ws10c\">event, </span></div>\n<div class=\"t m0 x1a h4f y9cc ff198 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">slowdow<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>in new<span class=\"_ _0\"></span> business<span class=\"_ _0\"></span>, change i<span class=\"_ _2b\"></span>n rating), as well as the<span class=\"_ _0\"></span> busines<span class=\"_ _0\"></span>s\u2019s</div>\n<div class=\"t m0 x1a h4f y9cd ff198 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ability t<span class=\"_ _2b\"></span>o respond to s<span class=\"_ _0\"></span>uch issu<span class=\"_ _0\"></span>es (i.e. <span class=\"_ _2b\"></span>liquidity of as<span class=\"_ _0\"></span>sets in<span class=\"_ _0\"></span> a crisis<span class=\"_ _0\"></span>) is</div>\n<div class=\"t m0 x1a h4f y9ce ff198 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">clear. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 441px; height: 671px; width: 354px; z-index: 3;\"><br/></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 441px; height: 135px; width: 348px; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff19d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An overview of ex<span class=\"_ _2\"></span>pected outflows stemming<span class=\"_ _2\"></span> from insurance li<span class=\"wsfa\">abilities<span class=\"_ _2\"></span> (other than <span class=\"ls0 ws0\">U<span class=\"_ _2\"></span></span><span class=\"wsf1\">nit<span class=\"ls0 ws0\">-L</span></span></span>inked) can be<span class=\"_ _2\"></span> found below. These cash flows re<span class=\"_ _2\"></span>flect an actuarial</div>\n<div class=\"t m0 x7 h4f y803 ff19d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Best Estima<span class=\"_ _2\"></span>te using Solvency <span class=\"_ _2\"></span>II contract boundari<span class=\"_ _2\"></span>es. Note that the<span class=\"_ _2\"></span> Group aggregate l<span class=\"_ _2\"></span>iability outflows<span class=\"_ _2\"></span> are not used <span class=\"_ _2\"></span>for manage<span class=\"lse0 wsf0\">ment purp<span class=\"_ _0\"></span>oses, as li<span class=\"_ _0\"></span>quidity </span></div>\n<div class=\"t m0 x7 h4f y804 ff19d fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">is <span class=\"lse2 ws103\">managed wi<span class=\"_ _2\"></span>thin the individual insura<span class=\"_ _2\"></span>nce companies<span class=\"ls0 ws0\"> </span></span><span class=\"lse0\">and at holding lev<span class=\"_ _2b\"></span>el<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff19d fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1033px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 493px; bottom: 1033px; z-index: 15;\">Year 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 561px; bottom: 1033px; z-index: 15;\">Year 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 630px; bottom: 1033px; z-index: 15;\">Year 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 699px; bottom: 1033px; z-index: 15;\">Year 4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 768px; bottom: 1033px; z-index: 15;\">Year 5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Net cash outflows from ins<span class=\"_ _0\"></span>urance liabilities as a<span class=\"_ _0\"></span>t 31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 499px; bottom: 1019px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 569px; bottom: 1019px; z-index: 15;\">2024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 638px; bottom: 1019px; z-index: 15;\">2025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 707px; bottom: 1019px; z-index: 15;\">2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1019px; z-index: 15;\">2027<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 588px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 657px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 726px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff19d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 988px; z-index: 15;\">Policyholder liabilities, excluding <span class=\"ls0 ws0\">U<span class=\"lsef ws10a\">nit</span>-<span class=\"_ _2\"></span>L</span>inked business, net of reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 988px; z-index: 15;\">8,142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 566px; bottom: 988px; z-index: 15;\">7,024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 635px; bottom: 988px; z-index: 15;\">5,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 704px; bottom: 988px; z-index: 15;\">5,382<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 988px; z-index: 15;\">5,911<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12a9 ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12aa ff19d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff19d fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 493px; bottom: 941px; z-index: 15;\">Year 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 561px; bottom: 941px; z-index: 15;\">Year 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 630px; bottom: 941px; z-index: 15;\">Year 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 699px; bottom: 941px; z-index: 15;\">Year 4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 768px; bottom: 941px; z-index: 15;\">Year 5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 926px; z-index: 15;\">Net cash outflows from ins<span class=\"_ _0\"></span>urance liabilities as a<span class=\"_ _0\"></span>t 31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 499px; bottom: 926px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 569px; bottom: 926px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 638px; bottom: 926px; z-index: 15;\">2024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 707px; bottom: 926px; z-index: 15;\">2025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f2 ff19d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 926px; z-index: 15;\">2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 518px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 588px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 657px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 726px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff19d fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff19d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 896px; z-index: 15;\">Policyholder liabilities, excluding <span class=\"ls0 ws0\">U<span class=\"lsef ws10a\">nit</span>-<span class=\"_ _2\"></span>L</span>inked business, net of reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 896px; z-index: 15;\">8,098<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 566px; bottom: 896px; z-index: 15;\">6,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 635px; bottom: 896px; z-index: 15;\">6,275<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 704px; bottom: 896px; z-index: 15;\">4,759<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y638 ff19d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 896px; z-index: 15;\">4,863<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 885px; height: 221px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag449": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">R<span class=\"_ _2b\"></span>egula<span class=\"_ _0\"></span>to<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>y super<span class=\"_ _2\"></span>vision<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and sol<span class=\"_ _0\"></span>v<span class=\"_ _2b\"></span>enc<span class=\"_ _2b\"></span>y</div>\n<div class=\"t m0 x7 h63 y714 ff1c1 fs40 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"lsf6 ws110\">geas <span class=\"lsf8 ws10f\">S<span class=\"_ _2\"></span>A/NV is the ultimate parent </span></span></div>\n<div class=\"t m0 x7 h63 y715 ff1c1 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">of <span class=\"ws10f\">the Ageas Group.<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsf6 ws113\">The National </span></span></span></div>\n<div class=\"t m0 x7 h63 y716 ff1c1 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Bank of Belgium (NBB) had</div>\n<div class=\"t m0 x7 h63 y717 ff1c1 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">designated <span class=\"ls0 ws0\">A<span class=\"_ _2\"></span><span class=\"lsf6 ws110\">geas SA/NV</span> <span class=\"lsf6\">as an </span></span></div>\n<div class=\"t m0 x7 h63 y718 ff1c1 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Insurance Holding.<span class=\"ls0\"> </span>In June 2018,</div>\n<div class=\"t m0 x7 h63 y719 ff1c1 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">the NBB has granted <span class=\"ls0\">A</span><span class=\"ws110\">geas SA/NV </span></div>\n<div class=\"t m0 x7 h63 y71a ff1c1 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">a license to underwrite <span class=\"_ _0\"></span>life and non<span class=\"ls0\">-</span></div>\n<div class=\"t m0 x7 h63 y71b ff1c1 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">life reinsurance activit<span class=\"_ _2b\"></span>ies. <span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff1bf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The NBB i<span class=\"_ _2\"></span>s the group superv<span class=\"_ _2\"></span>isory autho<span class=\"lse0 wsf0\">rity and in th<span class=\"_ _0\"></span>at capacit<span class=\"_ _0\"></span>y receiv<span class=\"_ _0\"></span>es specific<span class=\"_ _0\"></span> reports w<span class=\"_ _0\"></span>hich form<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x26 h4f y725 ff1bf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the basis of prud<span class=\"_ _2\"></span>ential supervision at group<span class=\"_ _2\"></span> level. In its role as group su<span class=\"_ _2\"></span>pervisory authority the NBB</div>\n<div class=\"t m0 x26 h4f y726 ff1bf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">facilitat<span class=\"_ _2b\"></span>es group supe<span class=\"_ _0\"></span>rvisio<span class=\"_ _0\"></span>n via a co<span class=\"_ _0\"></span>llege of s<span class=\"_ _2b\"></span>upervisors.<span class=\"_ _0\"></span> Supervi<span class=\"_ _0\"></span>sors i<span class=\"_ _0\"></span>n the EEA m<span class=\"_ _2b\"></span>ember <span class=\"wsef\">countri<span class=\"_ _2b\"></span>es </span></div>\n<div class=\"t m0 x26 h4f y727 ff1bf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">where A<span class=\"_ _0\"></span>geas is ac<span class=\"_ _0\"></span>tive ar<span class=\"_ _2b\"></span>e represented i<span class=\"_ _2b\"></span>n this colleg<span class=\"_ _0\"></span>e. The col<span class=\"_ _0\"></span>lege, o<span class=\"_ _0\"></span>perati<span class=\"_ _0\"></span>ng on the <span class=\"_ _0\"></span>basis of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x26 h4f y728 ff1bf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Europea<span class=\"_ _2b\"></span>n regulations, ens<span class=\"_ _0\"></span>ures th<span class=\"_ _0\"></span>at the collab<span class=\"_ _0\"></span>oration,<span class=\"_ _0\"></span> exchang<span class=\"_ _0\"></span>e of inform<span class=\"_ _0\"></span>ation and mut<span class=\"_ _2b\"></span>ual</div>\n<div class=\"t m0 x26 h4f y729 ff1bf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">consult<span class=\"_ _0\"></span>ation bet<span class=\"_ _2b\"></span>ween the supe<span class=\"_ _2b\"></span>rvisory auth<span class=\"_ _0\"></span>orities t<span class=\"_ _0\"></span>akes pl<span class=\"_ _2b\"></span>ace and further<span class=\"_ _2b\"></span>more promotes c<span class=\"_ _2b\"></span>onvergence</div>\n<div class=\"t m0 x26 h4f y72a ff1bf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of superv<span class=\"_ _0\"></span>isory act<span class=\"_ _0\"></span>ivities.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h6a y1407 ff1c2 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">5<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x26 h6a y1408 ff1c2 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Requirements and a<span class=\"_ _2\"></span>vailable capital under Solvency<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls13e ws165\">II </span>- <span class=\"ls10f ws132\">Partial Internal </span></span></div>\n<div class=\"t m0 x26 h6a y1409 ff1c2 fs46 fcf sc0 ls138 ws15c\" style=\"z-index: 15;\">Mode<span class=\"_ _2\"></span>l (Pill<span class=\"_ _2\"></span>ar 1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y140a ff1bf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Since 1 Janu<span class=\"_ _2b\"></span>ary 2016, Ageas is su<span class=\"_ _0\"></span>pervis<span class=\"_ _0\"></span>ed on a conso<span class=\"_ _0\"></span>lidated lev<span class=\"_ _2b\"></span>el based on the Solv<span class=\"_ _0\"></span>ency II</div>\n<div class=\"t m0 x26 h4f y140b ff1bf fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">framew<span class=\"_ _0\"></span>ork,<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">applying a Partial I<span class=\"_ _2\"></span>nternal Model (PIM) for pilla<span class=\"_ _2\"></span>r 1 reporting, where the main par<span class=\"_ _2\"></span>t of the </span></span></div>\n<div class=\"t m0 x26 h4f y140c ff1bf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life risks are mo<span class=\"_ _2b\"></span>delled accordi<span class=\"_ _0\"></span>ng to Ageas s<span class=\"_ _0\"></span>pecific<span class=\"_ _0\"></span> formulas, i<span class=\"_ _2b\"></span>nstead of the standa<span class=\"_ _0\"></span>rd formul<span class=\"_ _2b\"></span>a </span></span></div>\n<div class=\"t m0 x26 h4f y140d ff1bf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">approach.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y140e ff1bf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y140f ff1bf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For ful<span class=\"_ _0\"></span>ly conso<span class=\"_ _0\"></span>lidated <span class=\"_ _0\"></span>entiti<span class=\"_ _0\"></span>es, the c<span class=\"_ _2b\"></span>onsolidation sc<span class=\"_ _2b\"></span>op<span class=\"lse2\">e <span class=\"_ _2\"></span>for Solvency II i<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span><span class=\"ws103\">comparable to the IFRS<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x26 h4f y1410 ff1bf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidation<span class=\"_ _2\"></span> scope<span class=\"lse0 wsfa\">, wit<span class=\"_ _0\"></span>h the exc<span class=\"_ _0\"></span>eption of<span class=\"_ _0\"></span> Inter<span class=\"_ _0\"></span>parkin<span class=\"_ _0\"></span>g, whic<span class=\"_ _0\"></span>h is prop<span class=\"_ _0\"></span>ortion<span class=\"_ _0\"></span>ally cons<span class=\"_ _2b\"></span>olidated in </span></div>\n<div class=\"t m0 x26 h4f y1411 ff1bf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Solvency<span class=\"_ _0\"></span> II an<span class=\"_ _0\"></span>d fully co<span class=\"_ _0\"></span>nsolidat<span class=\"_ _2b\"></span>ed in IFRS<span class=\"ls0 ws0\">. </span><span class=\"wsf0\">Since Q4 2022,<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>the co<span class=\"_ _2b\"></span>nsolidation sc<span class=\"_ _0\"></span>ope inclu<span class=\"_ _0\"></span>des<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Ageas </span></span></span></div>\n<div class=\"t m0 x26 h4f y1412 ff1bf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Federal Li<span class=\"_ _2\"></span>fe Insu<span class=\"lse0 wsf0\">rance Com<span class=\"_ _2b\"></span>pany Ltd. (AFLIC<span class=\"_ _0\"></span>).<span class=\"ls0 ws0\">  </span></span></div>\n<div class=\"t m0 x26 h4f y1413 ff1bf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1414 ff1bf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In Novemb<span class=\"_ _0\"></span>er 2022,<span class=\"_ _0\"></span> Ageas Franc<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>eived the F<span class=\"_ _0\"></span>rench Sup<span class=\"_ _0\"></span>ervisor<span class=\"_ _2b\"></span>\u2019s agreement to set u<span class=\"_ _0\"></span>p Ageas</div>\n<div class=\"t m0 x26 h4f y1415 ff1bf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Retrait<span class=\"_ _0\"></span>e for their p<span class=\"_ _0\"></span>ension bus<span class=\"_ _2b\"></span>iness (Fonds de ret<span class=\"_ _0\"></span>raite prof<span class=\"_ _0\"></span>ession<span class=\"_ _2b\"></span>nelle suppl\u00e9me<span class=\"_ _0\"></span>ntaire). S<span class=\"_ _2b\"></span>ince Q4</div>\n<div class=\"t m0 x26 h4f y1416 ff1bf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">2022, Agea<span class=\"_ _2\"></span>s Retraite is includ<span class=\"_ _2\"></span>ed in the<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Group\u2019s Solve<span class=\"_ _0\"></span>ncy II scope in ac<span class=\"_ _0\"></span>corda<span class=\"_ _0\"></span>nce with the r<span class=\"_ _2b\"></span>elevant </span></span></div>\n<div class=\"t m0 x26 h4f y1417 ff1bf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">sectora<span class=\"_ _0\"></span>l rules.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1418 ff1bf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1419 ff1bf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse2 wsf1\">he n<span class=\"_ _2\"></span>on</span>-<span class=\"lse2 wsf1\">European <span class=\"lse0 wsf0\">equity assoc<span class=\"_ _0\"></span>iates <span class=\"lse2 wsf1\">are<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">excluded <span class=\"_ _2\"></span>from own funds and <span class=\"_ _2\"></span>required solvency,<span class=\"_ _2\"></span> as the </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y141a ff1bf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">applicable sol<span class=\"_ _2\"></span>vency regimes are deemed non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">e<span class=\"_ _2\"></span>quivalent with Sol<span class=\"_ _2\"></span>vency<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">II.</span> <span class=\"lse0 wsef\">Since <span class=\"lsfd ws116\">Q4 </span></span></span><span class=\"wsf1\">2021<span class=\"lsf4 ws10c\">, </span>A<span class=\"_ _2\"></span>geS<span class=\"ls0 ws0\">A<span class=\"lsfc ws115\">, </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y141b ff1bf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the <span class=\"lse0 wsef\">Turkish <span class=\"wsf0\">equity<span class=\"_ _0\"></span> associat<span class=\"_ _2b\"></span>e purchased in May 202<span class=\"_ _2b\"></span>1, <span class=\"ls106 ws10c\">is in<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span>th<span class=\"_ _0\"></span>e scope of gro<span class=\"_ _0\"></span>up Solven<span class=\"_ _0\"></span>cy II<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x26 h4f y141c ff1bf fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">calculatio<span class=\"_ _2\"></span>ns<span class=\"lsf4 ws10c\">. <span class=\"lse0 wsf0\">AgeSA prov<span class=\"_ _2b\"></span>ides Ageas with So<span class=\"_ _0\"></span>lvency II c<span class=\"_ _0\"></span>alculat<span class=\"_ _2b\"></span>ions that are <span class=\"lse2 ws103\">included pro rata, wi<span class=\"_ _2\"></span>thout </span></span></span></div>\n<div class=\"t m0 x26 h4f y141d ff1bf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">any diversi<span class=\"_ _2\"></span>fication. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y141e ff1bf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y141f ff1bf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the P<span class=\"_ _0\"></span>artial Int<span class=\"_ _2b\"></span>ernal Model (<span class=\"_ _0\"></span>PIM), Ag<span class=\"_ _2b\"></span>eas applies tra<span class=\"_ _2b\"></span>nsitional meas<span class=\"_ _2b\"></span>ures relating t<span class=\"_ _2b\"></span>o technical</div>\n<div class=\"t m0 x26 h4f y1420 ff1bf fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">pr<span class=\"lse2 wsfa\">ovisions in Por<span class=\"_ _2\"></span>tugal and France <span class=\"_ _2\"></span>and<span class=\"ls0 ws0\"> </span><span class=\"ws103\">the grandfather<span class=\"_ _2\"></span>ing of issued hybrid debt<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 270px; height: 691px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1c6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The reconc<span class=\"_ _2b\"></span>iliation of the IFR<span class=\"_ _2b\"></span>S <span class=\"lse2 wsf1\">Eq<span class=\"_ _2\"></span>uity<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">to the <span class=\"ls102 ws115\">Eligible O<span class=\"lsfa ws114\">wn <span class=\"ls0 ws0\">F<span class=\"_ _2\"></span></span></span></span></span>unds un<span class=\"_ _0\"></span>der Solv<span class=\"_ _0\"></span>ency II and th<span class=\"_ _0\"></span>e resulti<span class=\"_ _0\"></span>ng solvenc<span class=\"_ _0\"></span>y ratio acc<span class=\"_ _2b\"></span>ording to the Partial<span class=\"_ _0\"></span> Internal M<span class=\"_ _2b\"></span>odel</div>\n<div class=\"t m0 x7 h4f y803 ff1c6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">approac<span class=\"_ _0\"></span>h is as follow<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1c6 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff1c6 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 550px; bottom: 1049px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y601 ff1c6 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 721px; bottom: 1049px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h54 y5ff ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5ff ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 625px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5ff ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff1c8 fs3c fc1f sc0 lsf0 wsff\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">IFRS Equit<span class=\"_ _2\"></span>y<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y605 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 1019px; z-index: 15;\">8,632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y605 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1019px; z-index: 15;\">14,172<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 1004px; z-index: 15;\">7,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1004px; z-index: 15;\">11,914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interest<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2a1 h52 y5f2 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 989px; z-index: 15;\">1,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f2 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">2,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y603 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y603 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff1c8 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Qualify<span class=\"_ _2b\"></span>ing Subordi<span class=\"_ _0\"></span>nated L<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y5f2 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 959px; z-index: 15;\">2,175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y5f2 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 959px; z-index: 15;\">2,807<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f4 ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 625px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5f4 ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff1c8 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Scope changes at IFRS value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 930px; z-index: 15;\">(4,893)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 930px; z-index: 15;\">(5,646)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Exclusion of expected <span class=\"wsf4\">dividend<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h52 y60e ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 915px; z-index: 15;\">(270)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 915px; z-index: 15;\">(495)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Proportional consolidation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 900px; z-index: 15;\">(318)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 900px; z-index: 15;\">(295)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1c6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Derecognition of Equity Associates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 885px; z-index: 15;\">(4,305)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 885px; z-index: 15;\">(4,856)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5fc ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5fc ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff1c8 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Valuation differences <span class=\"ls0 ws0\">- <span class=\"lsee ws166\">(unaudit<span class=\"_ _2\"></span>ed)</span> </span></div>\n<div class=\"t m0 x2a1 h54 y5f7 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 855px; z-index: 15;\">2,210<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f7 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 855px; z-index: 15;\">(2,348)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Revaluation of Property Inves<span class=\"_ _0\"></span>tments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 841px; z-index: 15;\">1,718<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 841px; z-index: 15;\">1,783<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Derecognition of parking <span class=\"lse5 wsf5\">co<span class=\"_ _2b\"></span>ncessions<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h52 y601 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 826px; z-index: 15;\">(576)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y601 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 826px; z-index: 15;\">(407)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Derecognition of goodwill<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 811px; z-index: 15;\">(602)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 811px; z-index: 15;\">(610)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 796px; z-index: 15;\">Revaluation of Insurance rela<span class=\"_ _0\"></span>ted balance sheet item<span class=\"_ _0\"></span>s <span class=\"ls0 ws0\">- </span><span class=\"wsf4\">(unaudited)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x16 h52 y601 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y601 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 781px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">(Technical Provisions, Reinsurance Recoverables, VOBA and DAC)</span> </div>\n<div class=\"t m0 x2a1 h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 781px; z-index: 15;\">3,569<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 781px; z-index: 15;\">(7,036)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Revaluation of assets <span class=\"_ _0\"></span>which, under IFRS <span class=\"wsf6\">are not accounted<span class=\"_ _0\"></span> for at fair value<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x16 h52 y605 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y605 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">(Held to Maturity Bonds, Loans, Mortgages)</span> </div>\n<div class=\"t m0 x49 h52 y5f4 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 752px; z-index: 15;\">(1,256)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f4 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 752px; z-index: 15;\">3,384<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Tax impact on valuation di<span class=\"_ _2b\"></span>ff<span class=\"_ _2\"></span>erences<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 737px; z-index: 15;\">(851)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 737px; z-index: 15;\">521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y632 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 722px; z-index: 15;\">208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y632 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 722px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5f2 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5f2 ff1c6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff1c8 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Total S<span class=\"_ _0\"></span>olvency<span class=\"_ _2b\"></span> II Own Funds <span class=\"ls0 ws0\">- </span><span class=\"ws109\">(unaud<span class=\"_ _2b\"></span>ited)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2a1 h54 ydd0 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 692px; z-index: 15;\">8,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 ydd0 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 692px; z-index: 15;\">8,985<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1c6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Non Transferable Own Funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 677px; z-index: 15;\">(987)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f9 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 677px; z-index: 15;\">(1,029)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff1c8 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Total Eligible Solvency II Own Funds <span class=\"ls0 ws0\">- </span><span class=\"ws166\">(unaudi<span class=\"_ _2\"></span>ted)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2a1 h54 y63a ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 662px; z-index: 15;\">7,137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y63a ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 662px; z-index: 15;\">7,956<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1c6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Group Required Capital unde<span class=\"_ _0\"></span>r Partial Internal Model<span class=\"_ _0\"></span> (SCR) <span class=\"ls0 ws0\">- </span><span class=\"wsf4\">(unaudited)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2a1 h52 y5fc ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 648px; z-index: 15;\">3,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5fc ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 648px; z-index: 15;\">4,226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff1c8 fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Capital Ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f7 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 595px; bottom: 633px; z-index: 15;\">206.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h54 y5f7 ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 633px; z-index: 15;\">188.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1437 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1438 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1c6 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y5fc ff1c6 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 548px; bottom: 586px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y5fc ff1c6 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 720px; bottom: 586px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h54 y647 ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 570px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y647 ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 570px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y647 ff1c8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 570px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff1c8 fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 555px; z-index: 15;\">Total Eligible <span class=\"lsee ws101\">Solvency I<span class=\"_ _2\"></span>I Own Funds,<span class=\"ls0 ws0\"> <span class=\"lse7 wsf8\">of whic<span class=\"_ _2b\"></span>h <span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> </span><span class=\"ws109\">(unau<span class=\"_ _0\"></span>dited):<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x17 h54 y5ff ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 555px; z-index: 15;\">7,137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff1c8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 555px; z-index: 15;\">7,956<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff1c6 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 540px; z-index: 15;\">Tier<span class=\"_ _2\"></span> 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y647 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 540px; z-index: 15;\">5,028<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y647 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 540px; z-index: 15;\">5,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1c6 fs3c fc14 sc0 lsf0 wsff\" style=\"left: 69px; bottom: 525px; z-index: 15;\">Tier 1 re<span class=\"_ _2\"></span>stricted<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 525px; z-index: 15;\">802<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 525px; z-index: 15;\">1,164<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1c6 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 511px; z-index: 15;\">Tier<span class=\"_ _2\"></span> 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 511px; z-index: 15;\">1,254<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 511px; z-index: 15;\">1,524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1c6 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 496px; z-index: 15;\">Tier<span class=\"_ _2\"></span> 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 496px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff1c6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 496px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1440 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1441 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1442 ff1c6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Own Funds <span class=\"lse0 wsef\">de</span><span class=\"wsf1\">creased<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">from EU<span class=\"_ _0\"></span>R 7,956 mil<span class=\"_ _0\"></span>lion at Q4 20<span class=\"_ _0\"></span>21 to EUR 7,1<span class=\"_ _2b\"></span>37 million at Q4 2022<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">explained</span> <span class=\"lse2 wsf1\">mainly<span class=\"_ _2\"></span></span> </span><span class=\"lse1\">by </span>capital t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions (inc<span class=\"_ _2b\"></span>l., the share buy </span></span></div>\n<div class=\"t m0 x7 h4f y1443 ff1c6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">back, the F<span class=\"_ _0\"></span>resh tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _0\"></span>ns and the inte<span class=\"_ _0\"></span>rim divid<span class=\"_ _2b\"></span>end payment)<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> </span><span class=\"wsef\">adverse<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">financial market movements (<span class=\"wsf1\">eq<span class=\"_ _2\"></span>uities, </span></span></span><span class=\"wsfa\">interest r<span class=\"_ _0\"></span>ates<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">and inf<span class=\"_ _0\"></span>lation<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">)<span class=\"_ _2\"></span>. <span class=\"lse1 ws11d\">This was </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1444 ff1c6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partiall<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>off<span class=\"_ _0\"></span>set by the inc<span class=\"_ _0\"></span>lusion of<span class=\"_ _0\"></span> AFLIC in the S<span class=\"_ _0\"></span>olvenc<span class=\"_ _0\"></span>y I<span class=\"lse2 ws103\">I scope and the sol<span class=\"_ _2\"></span>id operational capital genera<span class=\"_ _2\"></span>tion<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f y1445 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1446 ff1c6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">N<span class=\"lse2 wsf1\">on</span>-<span class=\"lse0 wsf0\">transferable O<span class=\"_ _0\"></span>wn Funds re<span class=\"_ _0\"></span>late to thir<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>part<span class=\"_ _0\"></span>y interes<span class=\"_ _0\"></span>ts.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 375px; height: 731px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The composition<span class=\"_ _2\"></span> of the capital solvency re<span class=\"_ _2\"></span>quirements can be summarised<span class=\"_ _2\"></span> as follows:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y804 ff1ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1ca fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x2b3 h52 y601 ff1ca fs3c fc1f sc0 lse4 wsf4\" style=\"left: 554px; bottom: 1049px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2b3 h52 y601 ff1ca fs3c fc1f sc0 lse4 wsf4\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y5ff ff1ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5ff ff1ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5ff ff1ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1ca fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Market<span class=\"_ _2\"></span> <span class=\"ls109 ws12c\">Risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h52 y605 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 1019px; z-index: 15;\">4,263<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1019px; z-index: 15;\">5,000<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1ca fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Counterparty Default Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y603 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 1004px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y603 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1004px; z-index: 15;\">323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Life Underwriting Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 989px; z-index: 15;\">1,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 989px; z-index: 15;\">944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1ca fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Health Underwriting Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y603 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 974px; z-index: 15;\">322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y603 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 974px; z-index: 15;\">338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Life Underwriting Risk<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 959px; z-index: 15;\">966<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 959px; z-index: 15;\">875<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1ca fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Diversification between above mentioned risks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2c6 h52 y5f4 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 945px; z-index: 15;\">(2,001)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2c6 h52 y5f4 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 945px; z-index: 15;\">(1,673)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Non Diversifiable Risks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 930px; z-index: 15;\">575<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 930px; z-index: 15;\">552<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Loss<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Absorption through Technical Provisions<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2c6 h52 y60e ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 915px; z-index: 15;\">(1,922)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2c6 h52 y60e ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 915px; z-index: 15;\">(1,378)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Loss<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Absorption through Deferred Taxes<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2a2 h52 y5f9 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 900px; z-index: 15;\">(624)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f9 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 900px; z-index: 15;\">(755)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff1cc fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Group Required Capital und<span class=\"_ _2\"></span>er<span class=\"ls0 ws0\"> <span class=\"lse7 wsf8\">Part<span class=\"_ _0\"></span>ial Inte<span class=\"_ _0\"></span>rnal M<span class=\"_ _0\"></span>odel (SC<span class=\"_ _0\"></span>R) <span class=\"ls0 ws0\">- <span class=\"lsee ws166\">(unaudited)</span> </span></span></span></div>\n<div class=\"t m0 x49 h54 y60e ff1cc fs3c fc1f sc0 lse4 wsf4\" style=\"left: 608px; bottom: 885px; z-index: 15;\">3,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff1cc fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 885px; z-index: 15;\">4,226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff1ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff1ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1ca fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Impact of Non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Life Internal Model on Non<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">Life </span></span>Underwriting Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f7 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 855px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f7 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 855px; z-index: 15;\">226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1ca fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Impact of Non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Life Internal Model on Diversification and other risks<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h52 y5ff ff1ca fs3c fc14 sc0 lsed ws12d\" style=\"left: 614px; bottom: 841px; z-index: 15;\">(6<span class=\"ls0 ws0\">2) </span></div>\n<div class=\"t m0 x2a2 h52 y5ff ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 841px; z-index: 15;\">(117)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1ca fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Impact of Non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">Life Internal Model on Loss<span class=\"ls0 ws0\">-</span>Absorption through Deferred Taxes<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y601 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 826px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff1ca fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 826px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff1cc fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Group Required Capital under the SII Standard Formula <span class=\"ls0 ws0\">- </span><span class=\"ws166\">(unaudit<span class=\"_ _2\"></span>ed)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h54 y5ff ff1cc fs3c fc1f sc0 lse4 wsf4\" style=\"left: 608px; bottom: 811px; z-index: 15;\">3,<span class=\"ls0 ws0\">5</span>55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5ff ff1cc fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 811px; z-index: 15;\">4,347<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1448 ff1ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1449 ff1ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h6a y144a ff1cd fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">5<span class=\"ls10b ws12e\">.2</span> </div>\n<div class=\"t m0 x7 h6a y144b ff1cd fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Ageas capital management under Solvency<span class=\"ls0 ws0\"> <span class=\"ls13e ws165\">II </span>\u2013 </span></div>\n<div class=\"t m0 x7 h6a y144c ff1cd fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">SCR</div>\n<div class=\"t m0 x1f4 ha1 y144d ff1cd fs41 fcf sc0 ls13f ws167\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 xd6 h6a y144e ff1cd fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"ls112 ws133\">(Pillar 2 <span class=\"_ _2\"></span></span>- <span class=\"ls10c ws12f\">unau<span class=\"_ _2\"></span>dited)</span></div>\n<div class=\"t m0 x7 h4f y144f ff1ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas consi<span class=\"_ _2\"></span>ders a strong cap<span class=\"_ _2\"></span>ital base at th<span class=\"_ _2\"></span>e individual insuran<span class=\"_ _2\"></span>ce</div>\n<div class=\"t m0 x7 h4f y1450 ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ons a neces<span class=\"_ _0\"></span>sity, on the o<span class=\"_ _2b\"></span>ne hand as a competiti<span class=\"_ _0\"></span>ve adva<span class=\"_ _0\"></span>ntage and</div>\n<div class=\"t m0 x7 h4f y1451 ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the othe<span class=\"_ _0\"></span>r <span class=\"lse2 wsf1\">hand </span><span class=\"lse1\">as <span class=\"_ _2\"></span></span><span class=\"wsfa\">sol<span class=\"_ _0\"></span>id fundi<span class=\"_ _0\"></span>ng for<span class=\"ls0 ws0\"> </span><span class=\"lse2\">the planned grow<span class=\"_ _2\"></span>th.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1452 ff1ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1453 ff1ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">For its <span class=\"_ _2\"></span>capital management Age<span class=\"_ _2\"></span>as uses an interna<span class=\"_ _2\"></span>l approach <span class=\"ws103\">based on<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1454 ff1ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the Partial<span class=\"_ _2\"></span> Internal Model w<span class=\"_ _2\"></span>ith an adjusted <span class=\"_ _2\"></span>spread risk, appl<span class=\"_ _2\"></span>ying an</div>\n<div class=\"t m0 x7 h4f y1455 ff1ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Internal M<span class=\"_ _2\"></span>odel fo<span class=\"ws103\">r Real Estate (as f<span class=\"_ _2\"></span>rom 2016),<span class=\"ls0 ws0\"> </span>the remova<span class=\"_ _2\"></span>l of transitional </span></div>\n<div class=\"t m0 x7 h4f y1456 ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>s (with th<span class=\"_ _0\"></span>e excepti<span class=\"_ _0\"></span>on of the gran<span class=\"_ _0\"></span>dfather<span class=\"_ _2b\"></span>ing of issued hybri<span class=\"_ _0\"></span>d debt</div>\n<div class=\"t m0 x7 h4f y1457 ff1ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and the e<span class=\"_ _0\"></span>xtensi<span class=\"_ _0\"></span>on of rep<span class=\"_ _2b\"></span>orting deadline<span class=\"_ _2b\"></span>s)<span class=\"ls0 ws0\"> </span>and an adjustm<span class=\"_ _0\"></span>ent for<span class=\"_ _0\"></span> the fair</div>\n<div class=\"t m0 x7 h4f y1458 ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on of IAS19 re<span class=\"_ _2b\"></span>serves<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1459 ff1ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y145a ff1ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In this a<span class=\"_ _0\"></span>djustm<span class=\"_ _0\"></span>ent, spre<span class=\"_ _2b\"></span>ad risk is calc<span class=\"_ _0\"></span>ulated o<span class=\"_ _2b\"></span>n the fundame<span class=\"_ _0\"></span>ntal part<span class=\"_ _2b\"></span> of</div>\n<div class=\"t m0 x1a h4f y145b ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the spre<span class=\"_ _0\"></span>ad risk for all bo<span class=\"_ _0\"></span>nds. This i<span class=\"_ _0\"></span>ntroduc<span class=\"_ _0\"></span>es an SCR ch<span class=\"_ _0\"></span>arge for EU<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x1a h4f y145c ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and high rat<span class=\"_ _0\"></span>ed gover<span class=\"_ _0\"></span>nment bon<span class=\"_ _2b\"></span>ds and decreases t<span class=\"_ _0\"></span>he spread ris<span class=\"_ _2b\"></span>k <span class=\"_ _2\"></span>cha<span class=\"_ _0\"></span>rge</div>\n<div class=\"t m0 x1a h4f y145d ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for all othe<span class=\"_ _0\"></span>r bonds. Tec<span class=\"_ _2b\"></span>hnical provisio<span class=\"_ _2b\"></span>ns are net present val<span class=\"_ _2b\"></span>ued using an</div>\n<div class=\"t m0 x1a h4f y145e ff1ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">interest cu<span class=\"_ _2\"></span>rve as pre<span class=\"lse0\">scribed b<span class=\"_ _0\"></span>y EIOPA<span class=\"_ _0\"></span>, but inst<span class=\"_ _2b\"></span>ead of using t<span class=\"_ _0\"></span>he stand<span class=\"_ _2b\"></span>ard </span></div>\n<div class=\"t m0 x1a h4f y145f ff1ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">volatil<span class=\"_ _0\"></span>ity adjust<span class=\"_ _2b\"></span><span class=\"lse2 wsf1\">m<span class=\"_ _2\"></span>ent,<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">the companie<span class=\"_ _2\"></span>s apply a company <span class=\"_ _2\"></span>specific volatili<span class=\"_ _2\"></span>ty </span></span></div>\n<div class=\"t m0 x1a h4f y1460 ff1ca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span><span class=\"lse2 wsf1\">ment<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">or use an expecte<span class=\"_ _0\"></span>d loss model, b<span class=\"_ _0\"></span>ased on th<span class=\"_ _0\"></span>e composit<span class=\"_ _0\"></span>ion of </span></span></span></div>\n<div class=\"t m0 x1a h4f y1461 ff1ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their s<span class=\"_ _0\"></span>pecific <span class=\"_ _0\"></span>asset po<span class=\"_ _0\"></span>rtfoli<span class=\"_ _0\"></span>o. This S<span class=\"_ _0\"></span>CR is cal<span class=\"_ _0\"></span>led the <span class=\"_ _0\"></span>SCR</div>\n<div class=\"t m0 xde h64 y1462 ff1ca fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">age<span class=\"ls140 ws168\">as</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 533px; height: 573px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1cf fs3a fc14 sc0 lsfa ws136\" style=\"z-index: 15;\">The SCR</div>\n<div class=\"t m0 x28a h64 y146d ff1cf fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 x2cb h4f y79c ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse0 wsf0\">can be reconci<span class=\"_ _2b\"></span>led to the SCR Partia<span class=\"_ _0\"></span>l Interna<span class=\"_ _0\"></span>l Model as fo<span class=\"_ _0\"></span>llows:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y146e ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y5ff ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 548px; bottom: 1065px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y5ff ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 720px; bottom: 1065px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h54 y647 ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y647 ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y647 ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff1d1 fs3c fc1f sc0 lsef ws15f\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Group<span class=\"_ _2\"></span> Partial I<span class=\"_ _2\"></span>nternal <span class=\"_ _2\"></span>Model SCR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1035px; z-index: 15;\">3,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1035px; z-index: 15;\">4,226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Exclude impact General Accoun<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y608 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 1020px; z-index: 15;\">(79)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y608 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 1020px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1d1 fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Insura<span class=\"_ _2b\"></span>nce Partial <span class=\"_ _2b\"></span>Internal M<span class=\"_ _0\"></span>odel SC<span class=\"_ _2b\"></span>R<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1005px; z-index: 15;\">3,381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1005px; z-index: 15;\">4,125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Impact of Real Estate <span class=\"_ _0\"></span>Internal Model<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y608 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 990px; z-index: 15;\">(125)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y608 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 990px; z-index: 15;\">(184)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Additional Spread Risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 975px; z-index: 15;\">3</div>\n<div class=\"t m0 x107 h52 y5f4 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 975px; z-index: 15;\">252<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Less Diversification<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 960px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f2 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 960px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Less adjustment Technical<span class=\"_ _0\"></span> Provision<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 945px; z-index: 15;\">3</div>\n<div class=\"t m0 x25f h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 945px; z-index: 15;\">(156)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1cf fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Less Deferred Tax Loss Mitigation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 xb8 h52 y5f9 ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 931px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h54 y60e ff1d1 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Insur<span class=\"_ _2\"></span>ance SCR</div>\n<div class=\"t m0 x2f ha2 y146f ff1d1 fs65 fc1f sc0 ls112 ws133\" style=\"left: 135px; bottom: 915px; z-index: 15;\">ageas</div>\n<div class=\"t m0 x2b3 h54 y60e ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 150px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x17 h54 y60e ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 916px; z-index: 15;\">3,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 916px; z-index: 15;\">4,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1470 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1471 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y5f9 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 548px; bottom: 869px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y5f9 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 720px; bottom: 869px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h54 y60e ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 853px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 853px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 853px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff1d1 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 838px; z-index: 15;\">Group E<span class=\"_ _2b\"></span>ligible Solve<span class=\"_ _2b\"></span>ncy II Own Fun<span class=\"_ _0\"></span>ds under<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Par<span class=\"_ _0\"></span>tial In<span class=\"_ _2b\"></span>ternal Model<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 838px; z-index: 15;\">7,137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 838px; z-index: 15;\">7,956<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 823px; z-index: 15;\">Exclusion of General Accoun<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 823px; z-index: 15;\">(103)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 823px; z-index: 15;\">(204)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 808px; z-index: 15;\">Revaluation of Technical Pro<span class=\"_ _0\"></span>vision<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 808px; z-index: 15;\">(127)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 808px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 794px; z-index: 15;\">Recognition of Parking Con<span class=\"_ _0\"></span>cessions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 794px; z-index: 15;\">499<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 794px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 779px; z-index: 15;\">Recalculation of Non Transfe<span class=\"_ _0\"></span>rable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 779px; z-index: 15;\">(171)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 779px; z-index: 15;\">(107)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff1d1 fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 764px; z-index: 15;\">Insura<span class=\"_ _2b\"></span>nce Eligible<span class=\"_ _2b\"></span> Solvency <span class=\"_ _0\"></span>II</div>\n<div class=\"t m0 x2d ha2 y1476 ff1d1 fs65 fc1f sc0 ls112 ws133\" style=\"left: 196px; bottom: 763px; z-index: 15;\">ageas</div>\n<div class=\"t m0 xd7 h54 y605 ff1d1 fs3c fc1f sc0 ls0 ws0\" style=\"left: 214px; bottom: 764px; z-index: 15;\"> <span class=\"lsee ws101\">Own Funds</span> </div>\n<div class=\"t m0 x17 h54 y605 ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 764px; z-index: 15;\">7,235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 764px; z-index: 15;\">7,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1477 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1478 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1479 ff1cf fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Insura<span class=\"_ _0\"></span>nce<span class=\"ls0 ws0\"> <span class=\"lsfa ws114\">SCR</span></span></div>\n<div class=\"t m0 x49 h64 y147a ff1cf fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t m0 xd2 h4f y147b ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse0 wsef\">de<span class=\"lse2 ws103\">creased from EU<span class=\"_ _2\"></span>R </span>4,<span class=\"_ _0\"></span>033<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million</span> <span class=\"_ _2\"></span></span><span class=\"wsfa\">at Q<span class=\"_ _0\"></span>4 <span class=\"lse2 wsf1\">2021<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">to </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y147c ff1cf fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR <span class=\"lse2 ws103\">3,284<span class=\"_ _2\"></span> million<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">at Q4 </span></span><span class=\"wsf1\">2022<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">mainly explai<span class=\"_ _0\"></span>ned by<span class=\"ls0 ws0\"> </span>the fo<span class=\"_ _0\"></span>llowing d<span class=\"_ _0\"></span>rivers<span class=\"ls0 ws0\">: </span></span></span></span></span></div>\n<div class=\"t m0 x7 h4f y147d ff1d2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1d3\"> <span class=\"_ _46\"> </span><span class=\"ff1d1 lse2 wsf1\">M<span class=\"_ _2\"></span>arket</span><span class=\"ff1d1\"> <span class=\"lsfc ws115\">risk<span class=\"_ _2\"></span></span><span class=\"ff1cf\"> <span class=\"lse2 wsf1\">de<span class=\"lse0 wsf0\">creased d<span class=\"_ _2b\"></span>ue to <span class=\"lse2 wsfa\">lo<span class=\"_ _2\"></span>wer equity and real<span class=\"_ _2\"></span> estate risk </span></span></span></span></span></span></div>\n<div class=\"t m0 x43 h4f y147e ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">(<span class=\"lse0 wsef\">reclassifi<span class=\"_ _0\"></span>cations<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">to long</span>-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">term equities and i<span class=\"_ _2\"></span>mproved real estat<span class=\"_ _2\"></span>e </span></span></span></div>\n<div class=\"t m0 x43 h4f y147f ff1cf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">portfolio ri<span class=\"_ _2\"></span>sk profile) and financial mark<span class=\"_ _2\"></span>et moveme<span class=\"lsfc ws115\">nts<span class=\"ls0 ws0\">.</span></span><span class=\"wsf1\">(i<span class=\"_ _2\"></span>ncreased </span></div>\n<div class=\"t m0 x43 h4f y1480 ff1cf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t rates <span class=\"_ _0\"></span>and low<span class=\"_ _0\"></span>er equit<span class=\"_ _0\"></span>y market<span class=\"_ _2b\"></span>s)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1481 ff1d2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1d3\"> <span class=\"_ _46\"> </span><span class=\"ff1d1 lsf3 wsf1\">Life and non</span><span class=\"ff1d1\">-<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">life underwriting ri<span class=\"_ _2\"></span>sks</span><span class=\"ff1cf\"> <span class=\"lse2 wsf1\">increased <span class=\"lsfb wsfa\">m<span class=\"_ _2\"></span>ainly <span class=\"lse0\">due to</span></span></span> </span></span></span></div>\n<div class=\"t m0 x43 h4f y1482 ff1cf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">higher la<span class=\"_ _0\"></span>pserisk<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">(driven<span class=\"_ _2\"></span> by interest rate<span class=\"_ _2\"></span>s), higher non</span>-<span class=\"_ _2\"></span><span class=\"lse1 ws104\">life risk </span></span></div>\n<div class=\"t m0 x43 h4f y1483 ff1cf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">retenti<span class=\"_ _0\"></span>on in th<span class=\"_ _0\"></span>e reins<span class=\"_ _0\"></span>urance <span class=\"_ _0\"></span>program<span class=\"_ _0\"></span>, <span class=\"wsef\">and <span class=\"lse2 ws103\">the development of the </span></span></div>\n<div class=\"t m0 x43 h4f y1484 ff1cf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">new Agea<span class=\"lse1 ws11d\">s Re <span class=\"_ _2\"></span>business. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1485 ff1d2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff1d3\"> <span class=\"_ _46\"> </span><span class=\"ff1cf lse0 wsfa\">These increas<span class=\"_ _0\"></span>es were <span class=\"_ _0\"></span><span class=\"wsef\">partial<span class=\"_ _0\"></span>ly<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">offset <span class=\"lse2 wsfa\">model c<span class=\"_ _2\"></span>hanges as well a<span class=\"_ _2\"></span>s <span class=\"lse1 wsf0\">by </span></span></span></span></span></span></span></div>\n<div class=\"t m0 x43 h4f y1486 ff1cf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the incre<span class=\"_ _0\"></span>ase in the Los<span class=\"_ _0\"></span>s Absorbi<span class=\"_ _0\"></span>ng Capaci<span class=\"_ _0\"></span>ty of Tech<span class=\"_ _0\"></span>nical</div>\n<div class=\"t m0 x43 h4f y1487 ff1cf fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Provi<span class=\"_ _2\"></span>sion<span class=\"ls0 ws0\">s.<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1488 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1489 ff1cf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Since 202<span class=\"_ _0\"></span>1, the <span class=\"lse2 wsfa\">Loss Absorbing Ca<span class=\"_ _2\"></span>pacity of Techni<span class=\"_ _2\"></span>cal Provisions<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y148a ff1cf fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">includes<span class=\"_ _0\"></span> <span class=\"wsf0\">the overfl<span class=\"_ _2b\"></span>ow account<span class=\"lse2 ws103\">. This overflow accoun<span class=\"_ _2\"></span>t was introduced in </span></span></div>\n<div class=\"t m0 x1a h4f y148b ff1cf fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the mode<span class=\"_ _2b\"></span>lling framewo<span class=\"_ _0\"></span>rk to bett<span class=\"_ _2b\"></span>er reflect ho<span class=\"_ _0\"></span>w the fi<span class=\"_ _0\"></span>nancial <span class=\"_ _0\"></span>result i<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f y148c ff1cf fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">managed in<span class=\"_ _2\"></span> going concern. The<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">prev<span class=\"_ _0\"></span>ious<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">model realize</span>d <span class=\"_ _2\"></span><span class=\"lse2 ws103\">capital gains </span></span></span></div>\n<div class=\"t m0 x1a h4f y148d ff1cf fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and losses<span class=\"_ _0\"></span> in a way consis<span class=\"_ _0\"></span>tent wit<span class=\"_ _0\"></span>h Solvency II<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>cont<span class=\"_ _2b\"></span>ract boundarie<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x1a h4f y148e ff1cf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">(run<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">off</span> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">view<span class=\"_ _2b\"></span>), which <span class=\"lsfb\">gave<span class=\"ls0 ws0\"> </span></span><span class=\"wsf0\">a distorted view of t<span class=\"_ _0\"></span>he future fi<span class=\"_ _2b\"></span>nancial margin </span></span></span></div>\n<div class=\"t m0 x1a h4f y148f ff1cf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">realized in going<span class=\"_ _2\"></span> concern<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1490 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1491 ff1cf fs3a fc14 sc0 lsfa ws136\" style=\"z-index: 15;\">The SCR<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">decreased de<span class=\"_ _2\"></span>spite the <span class=\"lse0 wsf0\">addition of <span class=\"wsfa\">AF<span class=\"_ _2b\"></span>LIC into the <span class=\"_ _0\"></span>Solvency<span class=\"_ _0\"></span> II </span></span></span></span></div>\n<div><br/></div>\n<div class=\"t m0 x1a h4f y1492 ff1cf fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">scope<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x19f h52 y603 ff1cf fs3c fc1f sc0 ls109 ws12c\" style=\"left: 493px; bottom: 466px; z-index: 15;\">Own<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x153 h52 y638 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 451px; z-index: 15;\">Funds<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x152 h52 y638 ff1cf fs3c fc1f sc0 ls109 ws12c\" style=\"left: 548px; bottom: 451px; z-index: 15;\">SCR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 550px; bottom: 481px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f8 h52 y603 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 466px; z-index: 15;\">Solvency <span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x21f h52 y638 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 451px; z-index: 15;\">Ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y603 ff1cf fs3c fc1f sc0 ls109 ws12c\" style=\"left: 664px; bottom: 466px; z-index: 15;\">Own<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x153 h52 y638 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 658px; bottom: 451px; z-index: 15;\">Funds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y638 ff1cf fs3c fc1f sc0 ls109 ws12c\" style=\"left: 720px; bottom: 451px; z-index: 15;\">SCR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 721px; bottom: 481px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f8 h52 y603 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 761px; bottom: 466px; z-index: 15;\">Solvency <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y638 ff1cf fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 451px; z-index: 15;\">Ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1493 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1494 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1495 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1496 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 481px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 466px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 567px; bottom: 466px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 739px; bottom: 466px; z-index: 15;\"> </div>\n<div class=\"t m0 x130 h52 y638 ff1cf fs3c fc1f sc0 ls0 ws0\" style=\"left: 453px; bottom: 451px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 511px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff1d1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 420px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 489px; bottom: 420px; z-index: 15;\">5,261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 420px; z-index: 15;\">2,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 420px; z-index: 15;\">241.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 420px; z-index: 15;\">6,116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 717px; bottom: 420px; z-index: 15;\">2,884<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 420px; z-index: 15;\">212.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 406px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 489px; bottom: 406px; z-index: 15;\">1,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 406px; z-index: 15;\">979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 406px; z-index: 15;\">183.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 406px; z-index: 15;\">1,923<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 717px; bottom: 406px; z-index: 15;\">1,159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 406px; z-index: 15;\">165.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 391px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 391px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 391px; z-index: 15;\">441<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 391px; z-index: 15;\">205.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 667px; bottom: 391px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 391px; z-index: 15;\">405<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y70b ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 391px; z-index: 15;\">223.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 376px; z-index: 15;\">General Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 376px; z-index: 15;\">731<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 376px; z-index: 15;\">232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 667px; bottom: 376px; z-index: 15;\">904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 376px; z-index: 15;\">211<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 361px; z-index: 15;\">Elimination / Diversification *<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 483px; bottom: 361px; z-index: 15;\">(1,355)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 361px; z-index: 15;\">(471)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 361px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 361px; z-index: 15;\">(1,713)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff1cf fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 361px; z-index: 15;\">(531)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1cf fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 361px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 346px; z-index: 15;\">Total Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 489px; bottom: 346px; z-index: 15;\">7,337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 346px; z-index: 15;\">3,363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 346px; z-index: 15;\">218.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 660px; bottom: 346px; z-index: 15;\">8,135<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 717px; bottom: 346px; z-index: 15;\">4,128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h54 y63a ff1d1 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 346px; z-index: 15;\">197.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y14a1 ff1d4 fs3f fc14 sc0 ls141 ws169\" style=\"z-index: 15;\">(*)<span class=\"ls0 ws0\"> <span class=\"_ _8\"> </span><span class=\"lsf1 ws107\">Includes India (AFLIC) since Q4 2022</span> </span></div>\n<div class=\"t m0 x7 h4f y14a2 ff1cf fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y14a3 ff1cf fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The Target <span class=\"lse0 wsf0\">capital rati<span class=\"_ _0\"></span>o is set at 175%<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>base<span class=\"_ _0\"></span>d on S<span class=\"lsfa ws114\">CR</span></span></div>\n<div class=\"t m0 x26 h64 y14a4 ff1cf fs41 fc14 sc0 ls10a ws128\" style=\"z-index: 15;\">ageas</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 288px; height: 818px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ags:DisclosureOfRegulatorySupervisionAndSolvencyExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag454": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">R<span class=\"_ _2b\"></span>emuneration<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and benefits</div>\n\n<div class=\"t m0 x7 h6a y724 ff1d7 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">6<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x7 h6a ydeb ff1d7 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Employe<span class=\"ls10e ws131\">e benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h63 ydec ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">This note covers post<span class=\"ls0 ws0\">-</span><span class=\"ws112\">employment </span></div>\n<div class=\"t m0 x7 h63 yded ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">benefits, other long<span class=\"ls0 ws0\">-<span class=\"lsf6\">term employee </span></span></div>\n<div class=\"t m0 x7 h63 ydee ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">benefits and termination benefits.</div>\n<div class=\"t m0 x7 h63 ydef ff1d8 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">Post<span class=\"ls0 ws0\">-</span><span class=\"ws10f\">employment benefits are<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h63 ydf0 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">employee benefits, such <span class=\"_ _0\"></span>as</div>\n<div class=\"t m0 x7 h63 ydf1 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">pensions and post<span class=\"ls0 ws0\">-</span><span class=\"ws112\">employment </span></div>\n<div class=\"t m0 x7 h63 ydf2 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">medical care, which are payab<span class=\"_ _0\"></span>le</div>\n<div class=\"t m0 x7 h63 ydf3 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">after the end of employme<span class=\"ws16a\">nt. Other </span></div>\n<div class=\"t m0 x7 h63 ydf4 ff1d8 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">long<span class=\"ls0 ws0\">-<span class=\"lsf6\">term employee benefits are </span></span></div>\n<div class=\"t m0 x7 h63 ydf5 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">employee benefits that are not</div>\n<div class=\"t m0 x7 h63 ydf6 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(fully) due within twelve months of</div>\n<div class=\"t m0 x7 h63 y14a8 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">the period in which the emp<span class=\"_ _0\"></span>loyees</div>\n<div class=\"t m0 x7 h63 y14a9 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">rendered the related service<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h63 y14aa ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">including long<span class=\"ls0 ws0\">-<span class=\"lsf6 ws113\">service awards and </span></span></div>\n<div class=\"t m0 x7 h63 y14ab ff1d8 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">long<span class=\"ls0 ws0\">-<span class=\"lsf6\">term disability benefits. </span></span></div>\n<div class=\"t m0 x7 h63 y14ac ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Termination benefi<span class=\"lsf6 ws0\">ts are employee </span></div>\n<div class=\"t m0 x7 h63 y14ad ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">benefits payable as a resu<span class=\"_ _0\"></span>lt of the</div>\n<div class=\"t m0 x7 h63 y14ae ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">premature end of the employee\u2019s</div>\n<div class=\"t m0 x7 h63 y14af ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">employment contract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below shows<span class=\"_ _0\"></span> an overvi<span class=\"_ _0\"></span>ew of all the em<span class=\"_ _0\"></span>ployee b<span class=\"_ _0\"></span>enefits<span class=\"_ _0\"></span>\u2019 liabilit<span class=\"_ _0\"></span>ies (ass<span class=\"_ _0\"></span>ets) at Age<span class=\"_ _0\"></span>as.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y725 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1d5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y605 ff1d5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 668px; bottom: 801px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y605 ff1d5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 801px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff1d5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 785px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y632 ff1d9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 688px; bottom: 785px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y632 ff1d9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 785px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1d5 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 770px; z-index: 15;\">Post<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse4 wsf3\">employmen<span class=\"_ _0\"></span>t benefits <span class=\"ls0 ws0\">- </span>defined benefit plans <span class=\"ls0 ws0\">- </span><span class=\"wsf4\">pensions<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x43 h52 y5f2 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 770px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y5f2 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 770px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 755px; z-index: 15;\">Other post<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">employment benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 755px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 755px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1d5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Other long<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">term employee benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y5f9 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 741px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 741px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 726px; z-index: 15;\">Termination benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y60e ff1d5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 726px; z-index: 15;\">5</div>\n<div class=\"t m0 x1f4 h52 y60e ff1d5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 789px; bottom: 726px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h54 y5fc ff1da fs3c fc1f sc0 lse7 wsf8\" style=\"left: 324px; bottom: 711px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t defi<span class=\"_ _0\"></span>ned ben<span class=\"_ _2b\"></span>efits liabili<span class=\"_ _0\"></span>ties (ass<span class=\"_ _2b\"></span>ets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5fc ff1da fs3c fc1f sc0 lse4 wsf4\" style=\"left: 672px; bottom: 711px; z-index: 15;\">631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5fc ff1da fs3c fc1f sc0 lse4 wsf4\" style=\"left: 779px; bottom: 711px; z-index: 15;\">886<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14b7 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14b8 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14b9 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Liabilit<span class=\"_ _2b\"></span>ies and related serv<span class=\"_ _2b\"></span>ice cost are <span class=\"lse2 wsfa\">calculated a<span class=\"_ _2\"></span>ccording to the Proj<span class=\"_ _2\"></span>ected Unit Credi<span class=\"_ _2\"></span>t Method. The </span></div>\n<div class=\"t m0 x26 h4f y14ba ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve of th<span class=\"_ _0\"></span>is metho<span class=\"_ _0\"></span>d is to ex<span class=\"_ _0\"></span>pense e<span class=\"_ _0\"></span>ach part<span class=\"_ _2b\"></span>icipant\u2019s benef<span class=\"_ _2b\"></span>its as they wo<span class=\"_ _0\"></span>uld accr<span class=\"_ _2b\"></span>ue taking int<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x26 h4f y14bb ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account f<span class=\"_ _0\"></span>uture com<span class=\"_ _2b\"></span>pensation incre<span class=\"_ _2b\"></span>ases and the plan\u2019s b<span class=\"_ _0\"></span>enefit al<span class=\"_ _0\"></span>locatio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>prin<span class=\"_ _0\"></span>ciples.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14bc ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14bd ff1d5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">defined benef<span class=\"_ _2b\"></span>it obligation is t<span class=\"_ _0\"></span>he net prese<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue of the parti<span class=\"_ _0\"></span>cipant<span class=\"_ _0\"></span>\u2019s attri<span class=\"_ _0\"></span>buted ben<span class=\"_ _0\"></span>efits </span></div>\n<div class=\"t m0 x26 h4f y14be ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at the repo<span class=\"_ _0\"></span>rting dat<span class=\"_ _0\"></span>e. The cur<span class=\"_ _0\"></span>rent serv<span class=\"_ _0\"></span>ice cost is the n<span class=\"_ _2b\"></span>et present value of th<span class=\"_ _0\"></span>e partici<span class=\"_ _0\"></span>pant\u2019s</div>\n<div class=\"t m0 x26 h4f y14bf ff1d5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefits attri<span class=\"_ _2\"></span>buted to service during the ye<span class=\"_ _2\"></span>ar.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14c0 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14c1 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The pensi<span class=\"_ _2b\"></span>on<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">cost<span class=\"_ _0\"></span> includ<span class=\"_ _2b\"></span>es net interes<span class=\"_ _0\"></span>t expens<span class=\"_ _0\"></span>e, calc<span class=\"_ _0\"></span>ulated by <span class=\"_ _2b\"></span>applying the <span class=\"_ _0\"></span>discount<span class=\"_ _0\"></span> rate to t<span class=\"_ _2b\"></span>he net </span></div>\n<div class=\"t m0 x26 h4f y14c2 ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">pension <span class=\"_ _0\"></span>liabil<span class=\"_ _0\"></span>ity. The d<span class=\"_ _2b\"></span>iscount rate i<span class=\"_ _0\"></span>s a high<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">quality corporate bond rate<span class=\"_ _2\"></span> where there is an active </span></span></div>\n<div class=\"t m0 x26 h4f y14c3 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market in suc<span class=\"_ _2b\"></span>h bonds, and a gover<span class=\"_ _0\"></span>nment bond r<span class=\"_ _0\"></span>ate in othe<span class=\"_ _0\"></span>r markets.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14c4 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14c5 ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Some ass<span class=\"_ _2b\"></span>ets might be r<span class=\"_ _0\"></span>estricte<span class=\"_ _2b\"></span>d to their reco<span class=\"_ _2b\"></span>verable amount<span class=\"_ _0\"></span> in the f<span class=\"_ _2b\"></span>orm of a reduct<span class=\"_ _0\"></span>ion in f<span class=\"_ _0\"></span>uture</div>\n<div class=\"t m0 x26 h4f y14c6 ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contri<span class=\"_ _0\"></span>butions o<span class=\"_ _2b\"></span>r a cash refund <span class=\"_ _0\"></span>(asset c<span class=\"_ _2b\"></span>eiling). Addit<span class=\"_ _0\"></span>ionally<span class=\"_ _2b\"></span>, there might b<span class=\"_ _0\"></span>e recogn<span class=\"_ _0\"></span>ition of a<span class=\"_ _2b\"></span> liability</div>\n<div class=\"t m0 x26 h4f y14c7 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">from a mini<span class=\"_ _0\"></span>mum fundi<span class=\"_ _2b\"></span>ng requirement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14c8 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14c9 ff1d5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The recogni<span class=\"_ _2\"></span>tion of actuarial g<span class=\"_ _2\"></span>ains and losses <span class=\"_ _2\"></span>for post<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">employment b<span class=\"_ _2b\"></span>enefits occurs in ot<span class=\"_ _2b\"></span>her </span></span></div>\n<div class=\"t m0 x26 h4f y14ca ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income, wh<span class=\"_ _0\"></span>ereas thos<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>for ot<span class=\"_ _2b\"></span>her long<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">term employee<span class=\"_ _2\"></span> benefits and termination </span></span></div>\n<div class=\"t m0 x26 h4f y14cb ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s occur <span class=\"_ _0\"></span>in the inc<span class=\"_ _2b\"></span>ome stateme<span class=\"lse2 wsf1\">nt.</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 370px; height: 471px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 370px; height: 591px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 370px; height: 591px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1dd fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.1.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Pos<span class=\"_ _2\"></span>t</span>-<span class=\"lse0 wsf0\">employ<span class=\"_ _2b\"></span>ment benefits<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yd13 ff1df fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Defined be<span class=\"_ _2b\"></span>nefit pension pl<span class=\"_ _0\"></span>ans and othe<span class=\"_ _0\"></span>r post<span class=\"ls0 ws0\">-</span>empl<span class=\"_ _0\"></span>oyment be<span class=\"_ _0\"></span>nefits<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd14 ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas opera<span class=\"_ _2\"></span>tes defined benefi<span class=\"_ _2\"></span>t pension plans c<span class=\"_ _2\"></span>overing the majori<span class=\"_ _2\"></span>ty of</div>\n<div class=\"t m0 x7 h4f yd15 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">its employ<span class=\"_ _2b\"></span>ees. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd16 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc7b ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under defined<span class=\"_ _2\"></span> benefit pension <span class=\"_ _2\"></span>plans, benefits are<span class=\"_ _2\"></span> calculated based<span class=\"_ _2\"></span> on</div>\n<div class=\"t m0 x7 h4f yd17 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">years of se<span class=\"_ _0\"></span>rvice and lev<span class=\"_ _2b\"></span>el of salary. Pensi<span class=\"_ _0\"></span>on obligat<span class=\"_ _0\"></span>ions are d<span class=\"_ _0\"></span>etermin<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f yd18 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the basis of<span class=\"_ _0\"></span> mortalit<span class=\"_ _0\"></span>y <span class=\"lse2 wsfa\">tables, empl<span class=\"_ _2\"></span>oyee turnover, wage <span class=\"_ _2\"></span>drift and </span></div>\n<div class=\"t m0 x7 h4f yd19 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">economic<span class=\"_ _0\"></span> assum<span class=\"_ _2b\"></span>ptions such as i<span class=\"_ _0\"></span>nflatio<span class=\"_ _0\"></span>n and dis<span class=\"_ _0\"></span>count <span class=\"_ _0\"></span>rate. Dis<span class=\"_ _0\"></span>count</div>\n<div class=\"t m0 x7 h4f y8cd ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rates ar<span class=\"_ _2b\"></span>e set per count<span class=\"_ _0\"></span>ry or re<span class=\"_ _0\"></span>gion on t<span class=\"_ _0\"></span>he basis <span class=\"_ _2b\"></span>of the yield (at <span class=\"_ _0\"></span>closing</div>\n<div class=\"t m0 x7 h4f y8ce ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date) of<span class=\"_ _0\"></span> corpor<span class=\"_ _0\"></span>ate AA bo<span class=\"_ _2b\"></span>nds. These defi<span class=\"_ _2b\"></span>ned benefit pl<span class=\"_ _0\"></span>ans exp<span class=\"_ _0\"></span>ose the</div>\n<div class=\"t m0 x7 h4f y882 ff1dd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Group<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">to actuarial<span class=\"_ _0\"></span> risks, s<span class=\"_ _2b\"></span>uch as longevi<span class=\"_ _2b\"></span>ty, currency,<span class=\"_ _0\"></span> interest<span class=\"_ _0\"></span> rate a<span class=\"_ _0\"></span>nd </span></span></div>\n<div class=\"t m0 x7 h4f y883 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market ris<span class=\"_ _2b\"></span>k.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y884 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y885 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on to pensi<span class=\"_ _0\"></span>ons, post<span class=\"ls0 ws0\">-</span>emp<span class=\"_ _2b\"></span>loyment benefits<span class=\"_ _0\"></span> may also inc<span class=\"_ _0\"></span>lude</div>\n<div class=\"t m0 x7 h4f y886 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">other ex<span class=\"_ _0\"></span>penses suc<span class=\"_ _0\"></span>h as reimbu<span class=\"_ _0\"></span>rsement<span class=\"_ _0\"></span> of part of healt<span class=\"_ _2b\"></span>h insurance</div>\n<div class=\"t m0 x7 h4f y8cf ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms, which<span class=\"_ _0\"></span> continue t<span class=\"_ _0\"></span>o be granted to e<span class=\"_ _2b\"></span>mployees after ret<span class=\"_ _0\"></span>ireme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y888 ff1df fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Defined c<span class=\"_ _2b\"></span>ontributio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y889 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ope<span class=\"_ _0\"></span>rates a num<span class=\"_ _2b\"></span>ber of defined contr<span class=\"_ _2b\"></span>ibution plans worl<span class=\"_ _2b\"></span>dwide. The</div>\n<div class=\"t m0 x7 h4f y88a ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">employe<span class=\"_ _2b\"></span>r\u2019s commitment<span class=\"_ _0\"></span> to a def<span class=\"_ _0\"></span>ined cont<span class=\"_ _2b\"></span>ribution pla<span class=\"_ _0\"></span>n is limit<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y88b ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span> of cont<span class=\"_ _0\"></span>ributio<span class=\"_ _2b\"></span>ns calculated <span class=\"_ _0\"></span>in accord<span class=\"_ _0\"></span>ance wit<span class=\"_ _2b\"></span>h the pl<span class=\"lse2 wsf1\">an\u2019s </span></div>\n<div class=\"t m0 x7 h4f y88c ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ions. E<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>r contri<span class=\"_ _0\"></span>butions t<span class=\"_ _2b\"></span>o defined cont<span class=\"_ _2b\"></span>ribution plan<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y88d ff1dd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amounte<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span><span class=\"lsfc ws0\">to EUR<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span>9 <span class=\"lse2 wsfa\">million in 20<span class=\"_ _2\"></span>22 (2021: EUR <span class=\"wsf1\">11 <span class=\"_ _2\"></span></span>million) and<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">are<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y88e ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in staff<span class=\"_ _0\"></span> expens<span class=\"_ _2b\"></span>es (see note <span class=\"lse2 wsf1\">40</span><span class=\"wsef\">).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88f ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y890 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In Belgi<span class=\"_ _0\"></span>um, Age<span class=\"_ _2b\"></span>as has defined c<span class=\"_ _2b\"></span>ontribution p<span class=\"_ _2b\"></span>lans in accord<span class=\"_ _0\"></span>ance wit<span class=\"_ _2b\"></span>h the</div>\n<div class=\"t m0 x7 h4f y891 ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Law o<span class=\"ws103\">f 28 April<span class=\"_ _2\"></span> 2003 regarding occupational<span class=\"_ _2\"></span> pensions (WAP/LPC </span></div>\n<div class=\"t m0 x1a h4f y14d9 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">plans).<span class=\"_ _0\"></span> These p<span class=\"_ _0\"></span>lans com<span class=\"_ _0\"></span>mit the <span class=\"_ _0\"></span>employ<span class=\"_ _0\"></span>er to th<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nt of</div>\n<div class=\"t m0 x1a h4f y14da ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contri<span class=\"_ _0\"></span>butions as<span class=\"_ _0\"></span> the plan\u2019s te<span class=\"_ _0\"></span>rms prov<span class=\"_ _0\"></span>ide, and to gu<span class=\"_ _0\"></span>arantee a mi<span class=\"_ _0\"></span>nimum</div>\n<div class=\"t m0 x1a h4f y14db ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">return l<span class=\"_ _0\"></span>inked t<span class=\"_ _0\"></span>o Belgia<span class=\"_ _2b\"></span>n government b<span class=\"_ _0\"></span>onds yiel<span class=\"_ _2b\"></span>ds, subject t<span class=\"_ _0\"></span>o a floor <span class=\"_ _0\"></span>of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14dc ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">1.75% a<span class=\"_ _0\"></span>nd a cap <span class=\"_ _0\"></span>of 3.75%.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14dd ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y14de ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The law of<span class=\"_ _0\"></span> 18 Dec<span class=\"_ _0\"></span>ember 2<span class=\"_ _0\"></span>015 to e<span class=\"_ _0\"></span>nsure th<span class=\"_ _0\"></span>e sustai<span class=\"_ _2b\"></span>nability and so<span class=\"_ _2b\"></span>cial</div>\n<div class=\"t m0 x1a h4f y14df ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">nature of<span class=\"_ _0\"></span> occup<span class=\"_ _0\"></span>ational <span class=\"_ _2b\"></span>pensions, and t<span class=\"_ _2b\"></span>o ensure the st<span class=\"_ _0\"></span>rengthe<span class=\"_ _0\"></span>ning of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y14e0 ff1dd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">additional cha<span class=\"_ _2\"></span>racter relative to the retir<span class=\"_ _2\"></span>ement pensions, modifie<span class=\"_ _2\"></span>s the</div>\n<div class=\"t m0 x1a h4f y14e1 ff1dd fs3a fc14 sc0 lsf4 ws114\" style=\"z-index: 15;\">commitment of the<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">employer to thes<span class=\"_ _0\"></span>e plans. As of<span class=\"_ _0\"></span> 1<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">January 2016<span class=\"_ _2\"></span>, the </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y14e2 ff1dd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">interest rate<span class=\"_ _2\"></span> guaranteed by the employer i<span class=\"_ _2\"></span>s equal to a percentage (equal<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y14e3 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to 65%) of the av<span class=\"_ _2b\"></span>erage return on th<span class=\"_ _0\"></span>e Belgian l<span class=\"_ _0\"></span>inear bon<span class=\"_ _0\"></span>ds with a ter<span class=\"_ _0\"></span>m of</div>\n<div class=\"t m0 x1a h4f y14e4 ff1dd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">10<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">years over t<span class=\"_ _0\"></span>he 24 months<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>prec<span class=\"_ _2b\"></span>eding to 1<span class=\"ls0 ws0\"> </span>June. This rat<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> <span class=\"ls106 ws115\">will take </span></span></span></div>\n<div class=\"t m0 x1a h4f y14e5 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">effect on 1<span class=\"ls0 ws0\"> </span>Ja<span class=\"_ _0\"></span>nuary of the fo<span class=\"_ _2b\"></span>llowing year. This c<span class=\"_ _0\"></span>alculat<span class=\"_ _2b\"></span>ion results in a</div>\n<div class=\"t m0 x1a h4f y14e6 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">guarant<span class=\"_ _0\"></span>eed int<span class=\"_ _0\"></span>erest<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">rate of<span class=\"_ _0\"></span> 1.75% on 1<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">January 2022 (1<span class=\"_ _2\"></span>.75% on 1 </span></span></span></div>\n<div class=\"t m0 x1a h4f y14e7 ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2021)<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14e8 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y14e9 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Because of<span class=\"_ _0\"></span> these mi<span class=\"_ _0\"></span>nimum ret<span class=\"_ _0\"></span>urn guara<span class=\"_ _0\"></span>ntees, WA<span class=\"_ _2b\"></span>P/LPC plans do not</div>\n<div class=\"t m0 x1a h4f y14ea ff1dd fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">meet, in a strict sense, th<span class=\"lse0 wsf0\">e definit<span class=\"_ _0\"></span>ion of defi<span class=\"_ _2b\"></span>ned contributio<span class=\"_ _0\"></span>n plans of IA<span class=\"_ _0\"></span>S </span></div>\n<div class=\"t m0 x1a h4f y14eb ff1dd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">19. Although IAS<span class=\"_ _2\"></span> 19 does not address the account<span class=\"_ _2\"></span>ing for hybrid plans,</div>\n<div class=\"t m0 x1a h4f y14ec ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the law cha<span class=\"_ _0\"></span>nge as at 1<span class=\"ls0 ws0\"> </span>Januar<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>16 facilit<span class=\"_ _0\"></span>ated acc<span class=\"_ _0\"></span>ounting f<span class=\"_ _0\"></span>or those</div>\n<div class=\"t m0 x1a h4f y14ed ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">plans appl<span class=\"_ _2\"></span>ying the Projected<span class=\"_ _2\"></span> Unit Credit Method<span class=\"_ _2\"></span>. Accordingly, Agea<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14ee ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">has estim<span class=\"_ _2b\"></span>ated the defined obl<span class=\"_ _2b\"></span>igation liabil<span class=\"_ _0\"></span>ities as of 1<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">January</span> <span class=\"lse2 wsf1\">2016 </span></span></div>\n<div class=\"t m0 x1a h4f y14ef ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">under IAS<span class=\"_ _2\"></span> 19.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14f0 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y14f1 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of the a<span class=\"_ _0\"></span>mounts s<span class=\"_ _0\"></span>hown in t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y14f2 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition as at 3<span class=\"_ _0\"></span>1 Decemb<span class=\"_ _0\"></span>er, regar<span class=\"_ _0\"></span>ding defin<span class=\"_ _0\"></span>ed</div>\n<div><br/></div>\n<div class=\"t m0 x1a h4f y14f3 ff1dd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefi<span class=\"lse0 wsf0\">t pension obl<span class=\"_ _0\"></span>igations a<span class=\"_ _2b\"></span>nd other post<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">employment be<span class=\"_ _2\"></span>nefits.</span></span></span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 520px; bottom: 579px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y605 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 565px; bottom: 608px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5f4 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 570px; bottom: 593px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 579px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 579px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y605 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 608px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 714px; bottom: 593px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 579px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y14f4 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y14f5 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Present value of funde<span class=\"_ _0\"></span>d obligations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 548px; z-index: 15;\">190<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 548px; z-index: 15;\">294<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Present value of unfun<span class=\"_ _0\"></span>ded obligations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 533px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 533px; z-index: 15;\">785<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 533px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 533px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff1e0 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 518px; z-index: 15;\">Define<span class=\"_ _2b\"></span>d benefit obli<span class=\"_ _2b\"></span>gation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 518px; z-index: 15;\">750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 518px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 518px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 518px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 504px; z-index: 15;\">Fair value of plan as<span class=\"_ _0\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 504px; z-index: 15;\">(238)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 504px; z-index: 15;\">(363)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff1e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 489px; z-index: 15;\">512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 489px; z-index: 15;\">716<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 489px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 489px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 474px; z-index: 15;\">Asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 474px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 474px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1dd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 459px; z-index: 15;\">Other amounts recognised in the statement of financial position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 459px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 459px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff1e0 fs3c fc1f sc0 lsf0 wsff\" style=\"left: 69px; bottom: 444px; z-index: 15;\">Net defin<span class=\"_ _2\"></span>ed benefit <span class=\"lse4 wsf6\">liabilities (assets)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 444px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 444px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 444px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 444px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1dd fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 414px; z-index: 15;\">Amounts in the statement of financial position:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 400px; z-index: 15;\">Defined benefit liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 400px; z-index: 15;\">576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 400px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 400px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 400px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 385px; z-index: 15;\">Defined benefit assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 385px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 385px; z-index: 15;\">(81)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 385px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 385px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 370px; z-index: 15;\">Net defined benefit liabilities (assets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 370px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 370px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 370px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 370px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 359px; height: 747px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 359px; height: 747px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 359px; height: 747px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Defined be<span class=\"_ _2b\"></span>nefit liabiliti<span class=\"_ _0\"></span>es are class<span class=\"_ _0\"></span>ified un<span class=\"_ _0\"></span>der accru<span class=\"_ _2b\"></span>ed interest and oth<span class=\"_ _0\"></span>er</div>\n<div class=\"t m0 x7 h4f y803 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies (see note 24) and def<span class=\"_ _0\"></span>ined ben<span class=\"_ _0\"></span>efit asset<span class=\"_ _0\"></span>s are class<span class=\"_ _2b\"></span>ified under</div>\n<div class=\"t m0 x7 h4f y804 ff1e2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">accrued interes<span class=\"_ _2\"></span>t and other assets (see note<span class=\"_ _2\"></span> 15).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y806 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">As Ageas i<span class=\"_ _2\"></span>s a financial <span class=\"_ _2\"></span>i<span class=\"ws103\">nstitution specialising<span class=\"_ _2\"></span> in the management of </span></div>\n<div class=\"t m0 x7 h4f y807 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">employee bene<span class=\"_ _2\"></span>fits, some of it<span class=\"_ _2\"></span>s employees\u2019 pension<span class=\"_ _2\"></span> plans are insured<span class=\"_ _2\"></span> by</div>\n<div class=\"t m0 x7 h4f y808 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ins<span class=\"_ _2b\"></span>urance compani<span class=\"_ _0\"></span>es. Under IF<span class=\"_ _0\"></span>RS, the ass<span class=\"_ _0\"></span>ets backi<span class=\"_ _2b\"></span>ng <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>ese</div>\n<div class=\"t m0 x7 h4f y809 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension p<span class=\"_ _0\"></span>lans are no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-</span>qualify<span class=\"_ _0\"></span>ing and co<span class=\"_ _0\"></span>nseque<span class=\"_ _0\"></span>ntly may not<span class=\"_ _0\"></span> be</div>\n<div class=\"t m0 x1a h4f y1506 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">considered p<span class=\"_ _2\"></span>lan<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">assets.<span class=\"_ _0\"></span> For this re<span class=\"_ _0\"></span>ason, thes<span class=\"_ _2b\"></span>e plans are classifi<span class=\"_ _2b\"></span>ed as </span></span></div>\n<div class=\"t m0 x1a h4f y1507 ff1e2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">\u2018unfunded\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc3d ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc3e ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">From an ec<span class=\"_ _0\"></span>onomic poi<span class=\"_ _0\"></span>nt of view, th<span class=\"_ _0\"></span>e net defi<span class=\"_ _0\"></span>ned liabili<span class=\"_ _0\"></span>ty is offset<span class=\"_ _0\"></span> by the</div>\n<div class=\"t m0 x1a h4f yc3f ff1e2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">qualifying <span class=\"_ _0\"></span>plan ass<span class=\"_ _0\"></span>ets that<span class=\"_ _0\"></span> are hel<span class=\"_ _2b\"></span>d within Ageas <span class=\"_ _0\"></span>(2022: E<span class=\"_ _0\"></span>UR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">543 </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yc40 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million; 20<span class=\"_ _2\"></span>21: EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">544<span class=\"ls0 ws0\"> </span></span>m<span class=\"_ _2\"></span>illion), resulting <span class=\"ls106 ws10c\">in a net liability<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">(asset)</span> </span><span class=\"lsf4\">of </span></span></div>\n<div class=\"t m0 x1a h4f yc41 ff1e2 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">(19)<span class=\"_ _2\"></span></span> <span class=\"lse2 ws103\">million in 2022 (2021<span class=\"_ _2\"></span>: EUR</span> <span class=\"lse0 wsf0\">184 milli<span class=\"_ _0\"></span>on) for def<span class=\"_ _0\"></span>ined benef<span class=\"_ _2b\"></span>it </span></span></div>\n<div class=\"t m0 x1a h4f yc42 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension o<span class=\"_ _0\"></span>bligati<span class=\"_ _2b\"></span>ons.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc43 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc44 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yc45 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The follo<span class=\"_ _0\"></span>wing tabl<span class=\"_ _0\"></span>e reflects<span class=\"_ _0\"></span> the chang<span class=\"_ _2b\"></span>es in net defined ben<span class=\"_ _0\"></span>efit liab<span class=\"_ _0\"></span>ilities (<span class=\"_ _0\"></span>assets) as<span class=\"_ _0\"></span> <span class=\"lse2 ws103\">recognised<span class=\"_ _2\"></span> in the statement of financial<span class=\"_ _2\"></span> position.<span class=\"ls0 ws0\"> </span></span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 878px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 562px; bottom: 907px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y608 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 893px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 878px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 878px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x247 h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 907px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y608 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 713px; bottom: 893px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 878px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc46 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff1e4 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 907px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 893px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 878px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 847px; z-index: 15;\">Net defined benefit liabilities<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">(assets) as at 1 January<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 847px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 847px; z-index: 15;\">825<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 847px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 847px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 833px; z-index: 15;\">Total defined benefit e<span class=\"_ _0\"></span>xpense <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 833px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 833px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 833px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 833px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 818px; z-index: 15;\">Employer's contributions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 526px; bottom: 818px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 818px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 818px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 818px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 803px; z-index: 15;\">Participants' contributions paid<span class=\"_ _0\"></span> to the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 803px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 803px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 803px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 803px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 788px; z-index: 15;\">Benefits directly paid by <span class=\"_ _0\"></span>the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 788px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 788px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 788px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 788px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 773px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y656 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 773px; z-index: 15;\">1</div>\n<div class=\"t m0 x2f h52 y656 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 773px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y656 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y656 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 758px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 758px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 758px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 758px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 758px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 743px; z-index: 15;\">Remeasurement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 743px; z-index: 15;\">(213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 743px; z-index: 15;\">(113)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 743px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 743px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 729px; z-index: 15;\">Net defined benefit liabilities<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">(assets) as at 31 Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 729px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 729px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 729px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 729px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1515 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1516 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y1517 ff1e2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> shows the changes in the defined<span class=\"_ _2\"></span> benefit obligation.<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 620px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 562px; bottom: 650px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y647 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 635px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 620px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 620px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x247 h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 650px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y647 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 713px; bottom: 635px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 620px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1518 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 635px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 536px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 709px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff1e4 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Define<span class=\"_ _2b\"></span>d benefit obli<span class=\"_ _2b\"></span>gation<span class=\"ls0 ws0\"> <span class=\"lse4 wsf3\">as at 1 January</span> </span></div>\n<div class=\"t m0 x1a6 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 514px; bottom: 590px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 590px; z-index: 15;\">1,169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 590px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 590px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 575px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 575px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y605 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 575px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y605 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 575px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y603 ff1e2 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st cost<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 560px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y603 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 560px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h52 y603 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 560px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y603 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 560px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y638 ff1e2 fs3c fc14 sc0 lse5 ws15d\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Past servi<span class=\"_ _0\"></span>ce cost <span class=\"ls0 ws0\">- <span class=\"lse4 wsf3\">vested and non</span>-<span class=\"lse4 wsf3\">vested benefits</span> </span></div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Remeasurement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 530px; z-index: 15;\">(320)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 530px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 530px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 530px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Participants' contributions paid<span class=\"_ _0\"></span> to the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 516px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 516px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 501px; z-index: 15;\">Benefits paid<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 501px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 501px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 501px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 501px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 486px; z-index: 15;\">Benefits directly paid by <span class=\"_ _0\"></span>the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 486px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 486px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 486px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 486px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 471px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 471px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 471px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y656 ff1e4 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 456px; z-index: 15;\">Define<span class=\"_ _2b\"></span>d benefit obli<span class=\"_ _2b\"></span>gation<span class=\"ls0 ws0\"> <span class=\"lse4 wsf3\">as at 31 December</span> </span></div>\n<div class=\"t m0 x24 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 456px; z-index: 15;\">750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 456px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 456px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 456px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1527 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1528 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1529 ff1e2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in the fair<span class=\"_ _2\"></span> value of plan assets.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y152a ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1e2 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 378px; z-index: 15;\">Defined benefit pension plan<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 378px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 378px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 362px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5fc ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 362px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5fc ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 362px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 347px; z-index: 15;\">Fair value of plan assets as at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f7 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 347px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f7 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 347px; z-index: 15;\">353<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc14 sc0 lse7 ws0\" style=\"left: 69px; bottom: 332px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st inco<span class=\"_ _2b\"></span>me<span class=\"ls0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 332px; z-index: 15;\">6</div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 332px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y601 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 317px; z-index: 15;\">Remeasurement (return on plan<span class=\"_ _0\"></span> assets, excluding effect o<span class=\"_ _2b\"></span>f<span class=\"_ _2\"></span> <span class=\"wsf6\">interest rate)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y601 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 317px; z-index: 15;\">(107)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y601 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 317px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 302px; z-index: 15;\">Employer's contributions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 302px; z-index: 15;\">3</div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 302px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 288px; z-index: 15;\">Benefits paid<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 288px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 288px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 273px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 273px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 273px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 258px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 258px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 258px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 243px; z-index: 15;\">Fair value of plan assets as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 243px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 243px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 232px; height: 874px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 232px; height: 874px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 232px; height: 874px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1e7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in the asse<span class=\"_ _2\"></span>t ceiling <span class=\"wsfa\">and/or minimum<span class=\"_ _2\"></span> funding requiremen<span class=\"_ _2\"></span>t.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y601 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y601 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1050px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff1e9 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> <span class=\"_ _1\"></span> <span class=\"lse4 wsf3\">as at 1 Ja<span class=\"_ _2b\"></span>nu<span class=\"_ _2\"></span>ary<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 xd2 h54 y608 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1020px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h54 y608 ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 791px; bottom: 1020px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Remeasurement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 xb8 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 1005px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y608 ff1e9 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> <span class=\"lse4 wsf3\">as at 31 December</span> </span></div>\n<div class=\"t m0 xd2 h54 y608 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 990px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y608 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 990px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1545 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1546 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1547 ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The asset c<span class=\"_ _0\"></span>eiling r<span class=\"_ _0\"></span>elates to Ag<span class=\"_ _0\"></span>eas <span class=\"lse2 wsf1\">entities <span class=\"wsfa\">in Por<span class=\"_ _2\"></span>tugal<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y1548 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1549 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the c<span class=\"_ _2b\"></span>omponents aff<span class=\"_ _2b\"></span>ecting the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement t<span class=\"_ _0\"></span>hat relat<span class=\"_ _2b\"></span>e to the defin<span class=\"_ _0\"></span>ed benef<span class=\"_ _0\"></span>it pens<span class=\"_ _0\"></span>ion plans<span class=\"_ _0\"></span> and <span class=\"lse2 ws103\">other post<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">employment </span></span></div>\n<div class=\"t m0 x7 h4f y154a ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>e year en<span class=\"_ _0\"></span>ded 31 D<span class=\"_ _0\"></span>ecembe<span class=\"_ _0\"></span>r.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y154b ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 864px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f2 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 505px; bottom: 864px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">pen<span class=\"_ _2\"></span>sion</span> <span class=\"_ _2\"></span></span>plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f2 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 669px; bottom: 864px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>-<span class=\"lsec wsfe\">empl<span class=\"_ _2\"></span>oyment</span> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 849px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 849px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 849px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 849px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff1e7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 819px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y1550 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 819px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y1550 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 819px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y1550 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 819px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y1550 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 819px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5f9 ff1e7 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 804px; z-index: 15;\">Net interest cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 804px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 804px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 804px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 804px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y63a ff1e7 fs3c fc14 sc0 lse5 ws15d\" style=\"left: 69px; bottom: 789px; z-index: 15;\">Past servi<span class=\"_ _0\"></span>ce cost <span class=\"ls0 ws0\">- <span class=\"lse4 wsf3\">vested and non</span>-<span class=\"lse4 wsf3\">vested benefits</span> </span></div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1e7 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 774px; z-index: 15;\">Sett<span class=\"_ _2\"></span>lements<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff1e9 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Total de<span class=\"_ _0\"></span>fined<span class=\"_ _2b\"></span> benefit expens<span class=\"_ _0\"></span>e <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y63a ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 527px; bottom: 759px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y63a ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 615px; bottom: 759px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y63a ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 705px; bottom: 759px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h54 y63a ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 759px; z-index: 15;\">5</div>\n<div class=\"t m0 x7 h4f y1555 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1556 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1557 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Net inte<span class=\"_ _0\"></span>rest cos<span class=\"_ _0\"></span>t and ot<span class=\"_ _0\"></span>her ar<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>ed in fin<span class=\"_ _0\"></span>ancing c<span class=\"_ _2b\"></span>osts (see note <span class=\"_ _0\"></span><span class=\"wsef\">37<span class=\"wsfa\">). All ot<span class=\"_ _2b\"></span>her items are i<span class=\"_ _2b\"></span>ncluded in staf<span class=\"_ _0\"></span>f exp<span class=\"_ _0\"></span>enses (s<span class=\"_ _0\"></span>ee note 4<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">0<span class=\"_ _2\"></span><span class=\"lse0 wsef\">).</span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1558 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1559 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the c<span class=\"_ _2b\"></span>omposition of <span class=\"_ _0\"></span>remeas<span class=\"_ _0\"></span>urements<span class=\"_ _0\"></span> for the <span class=\"lse2\">y<span class=\"_ _0\"></span>ear ended 31<span class=\"_ _2\"></span> December.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y155a ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5ff ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 505px; bottom: 650px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">pen<span class=\"_ _2\"></span>sion</span> <span class=\"_ _2\"></span></span>plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5ff ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 669px; bottom: 650px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>-<span class=\"lsec wsfe\">empl<span class=\"_ _2\"></span>oyment</span> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 636px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 636px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 636px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 636px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 636px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1e7 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 605px; z-index: 15;\">Return on plan assets, <span class=\"_ _2b\"></span>ex<span class=\"_ _2\"></span>cluding ef<span class=\"_ _0\"></span>fect of interest rate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 605px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y647 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 605px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Remeasurement on asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 590px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1e7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Actuarial (gains) losses with regard to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 561px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">change in demographic assumptions</span> </div>\n<div class=\"t m0 x7 h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 561px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 561px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 561px; z-index: 15;\">5</div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 561px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 546px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">change in financial assumptions</span> </div>\n<div class=\"t m0 x1f0 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 546px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 546px; z-index: 15;\">(86)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 546px; z-index: 15;\">(53)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 546px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 531px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">experience adjustments</span> </div>\n<div class=\"t m0 x44 h52 y5f4 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 531px; z-index: 15;\">0</div>\n<div class=\"t m0 x7 h52 y5f4 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 531px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 531px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 531px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Remeasurement on net defined liability (asset)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 516px; z-index: 15;\">(213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 516px; z-index: 15;\">(113)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 694px; bottom: 516px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 516px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1565 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1566 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1567 ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rement of the net defi<span class=\"_ _0\"></span>ned benef<span class=\"_ _0\"></span>it liabi<span class=\"_ _0\"></span>lity is rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d in other</div>\n<div class=\"t m0 x7 h4f y1568 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _0\"></span> Remea<span class=\"_ _0\"></span>surement<span class=\"_ _2b\"></span>s of plan assets<span class=\"_ _2b\"></span> are mainly the</div>\n<div class=\"t m0 x7 h4f y1569 ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nce betw<span class=\"_ _0\"></span>een actual ret<span class=\"_ _2b\"></span>urn on plan assets an<span class=\"_ _0\"></span>d expect<span class=\"_ _0\"></span>ed disco<span class=\"_ _0\"></span>unt</div>\n<div class=\"t m0 x7 h4f y156a ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rate. Re<span class=\"_ _0\"></span>measur<span class=\"_ _0\"></span>ements of<span class=\"_ _2b\"></span> defined benef<span class=\"_ _0\"></span>it obli<span class=\"_ _2b\"></span>gations reflec<span class=\"_ _0\"></span>t the ch<span class=\"_ _0\"></span>ange</div>\n<div class=\"t m0 x7 h4f y156b ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in actuar<span class=\"_ _0\"></span>ial assum<span class=\"_ _2b\"></span>ptions (i.e. demog<span class=\"_ _2b\"></span>raphic and financ<span class=\"_ _2b\"></span>ial assumptions<span class=\"_ _0\"></span>)</div>\n<div class=\"t m0 x7 h4f y156c ff1e7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the experien<span class=\"_ _2\"></span>ce adjustment. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y156d ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y156e ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Experie<span class=\"_ _0\"></span>nce adjus<span class=\"_ _0\"></span>tments a<span class=\"_ _0\"></span>re actua<span class=\"_ _0\"></span>rial gains an<span class=\"_ _0\"></span>d losses that<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ari<span class=\"_ _0\"></span>se</div>\n<div class=\"t m0 x1a h4f y156f ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because of<span class=\"_ _0\"></span> differe<span class=\"_ _0\"></span>nces betw<span class=\"_ _2b\"></span>een the actuarial as<span class=\"_ _0\"></span>sumpt<span class=\"_ _0\"></span>ions mad<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">at the </span></div>\n<div class=\"t m0 x1a h4f y1570 ff1e7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">beginning of th<span class=\"_ _2\"></span>e year and actual experience<span class=\"_ _2\"></span> during the year.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 364px; height: 742px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 364px; height: 742px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 364px; height: 742px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1ec fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">following tab<span class=\"_ _0\"></span>le reflec<span class=\"_ _0\"></span>ts the weig<span class=\"_ _2b\"></span>hted average dur<span class=\"_ _0\"></span>ation of the d<span class=\"_ _0\"></span>efined be<span class=\"_ _2b\"></span>nefit obligatio<span class=\"_ _0\"></span>n in years.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y601 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 563px; bottom: 1065px; z-index: 15;\">Defined benefit <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y601 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 569px; bottom: 1050px; z-index: 15;\">pension plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x247 h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 751px; bottom: 1065px; z-index: 15;\">Other post<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x5d h52 y601 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 713px; bottom: 1050px; z-index: 15;\">employment benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Weighted average duration o<span class=\"_ _0\"></span>f defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1020px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1020px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1573 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1574 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1575 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the <span class=\"_ _0\"></span>princip<span class=\"_ _0\"></span>al actu<span class=\"_ _0\"></span>arial ass<span class=\"_ _2b\"></span>umptions mad<span class=\"_ _0\"></span>e for th<span class=\"_ _0\"></span>e euroz<span class=\"_ _0\"></span>one count<span class=\"_ _2b\"></span>ries.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1576 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 941px; z-index: 15;\">  </div>\n<div class=\"t m0 x1f1 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 507px; bottom: 941px; z-index: 15;\">Defined benefit pension plan<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 669px; bottom: 941px; z-index: 15;\">Other <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"wsf3\">empl<span class=\"_ _2\"></span>oyment be<span class=\"_ _2\"></span>nefits<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 926px; z-index: 15;\">  </div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 496px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 521px; bottom: 926px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 581px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 926px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 667px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 692px; bottom: 926px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 753px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 926px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 911px; z-index: 15;\">  </div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 481px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 521px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 566px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 606px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 652px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 692px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 738px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 777px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 581px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 667px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 753px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">Disc<span class=\"_ _2\"></span>ount rat<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 881px; z-index: 15;\">3.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 881px; z-index: 15;\">4.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 881px; z-index: 15;\">0.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 881px; z-index: 15;\">1.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 647px; bottom: 881px; z-index: 15;\">3.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 881px; z-index: 15;\">4.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 881px; z-index: 15;\">1.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 881px; z-index: 15;\">1.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 866px; z-index: 15;\">Future salary increases <span class=\"_ _0\"></span>(price inflation included)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 866px; z-index: 15;\">2.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 866px; z-index: 15;\">5.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 866px; z-index: 15;\">1.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 866px; z-index: 15;\">4.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 667px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 753px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1ec fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 851px; z-index: 15;\">Futu<span class=\"_ _2\"></span>re pensio<span class=\"_ _2\"></span>n <span class=\"lse4 wsf3\">increases (price<span class=\"_ _0\"></span> inflation included)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 851px; z-index: 15;\">2.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 851px; z-index: 15;\">3.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 851px; z-index: 15;\">1.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 851px; z-index: 15;\">1.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 667px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 753px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 836px; z-index: 15;\">Medical cost trend rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 581px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 647px; bottom: 836px; z-index: 15;\">2.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 836px; z-index: 15;\">4.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 836px; z-index: 15;\">2.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 836px; z-index: 15;\">3.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y157c ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y157d ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y157e ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate for p<span class=\"_ _0\"></span>ensions<span class=\"_ _0\"></span> is weighte<span class=\"_ _0\"></span>d by the net def<span class=\"_ _0\"></span>ined benef<span class=\"_ _2b\"></span>it</div>\n<div class=\"t m0 x7 h4f y157f ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y (asset<span class=\"_ _0\"></span>) on pension<span class=\"_ _0\"></span>s. The larg<span class=\"_ _0\"></span>est pensi<span class=\"_ _2b\"></span>on schemes are in</div>\n<div class=\"t m0 x7 h4f y1580 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Belgiu<span class=\"_ _0\"></span>m, with d<span class=\"_ _0\"></span>iscount <span class=\"_ _0\"></span>rates v<span class=\"_ _0\"></span>arying f<span class=\"_ _2b\"></span>rom 3.80% to 4.<span class=\"_ _2b\"></span>10%. The futur<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y1581 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">salary i<span class=\"_ _0\"></span>ncreas<span class=\"_ _0\"></span>es varied <span class=\"_ _2b\"></span>in 2022 from 2.<span class=\"_ _0\"></span>90% fo<span class=\"_ _0\"></span>r the <span class=\"lse2 ws103\">older employee </span></div>\n<div class=\"t m0 x7 h4f y1582 ff1ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">group to 5.80% for<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span><span class=\"wsfa\">the younger on<span class=\"_ _2\"></span>es.</span></div>\n<div class=\"t m0 x1a h4f y1583 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the <span class=\"_ _0\"></span>princip<span class=\"_ _0\"></span>al actu<span class=\"_ _0\"></span>arial ass<span class=\"_ _2b\"></span>umptions mad<span class=\"_ _0\"></span>e for</div>\n<div class=\"t m0 x1a h4f y1584 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>ountries<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x7 h4f y1585 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1586 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 679px; z-index: 15;\">Defined benefit pension plan<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y656 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 679px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y656 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 679px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 663px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f7 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 663px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f7 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 663px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 649px; z-index: 15;\">Discount rate <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 649px; z-index: 15;\">4.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 649px; z-index: 15;\">1.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff1ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Future salary increases (price <span class=\"wsf3\">inflation included)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y647 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y647 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y158b ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y158c ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y158d ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The euroz<span class=\"_ _2b\"></span>one represents <span class=\"lse2 wsf1\">83%<span class=\"ls0 ws0\"> </span></span>of Ageas\u2019<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>tot<span class=\"_ _0\"></span>al define<span class=\"_ _2b\"></span>d benefit</div>\n<div class=\"t m0 x7 h4f y158e ff1ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">obligations<span class=\"_ _2\"></span>. Other countries include onl<span class=\"_ _2\"></span>y obligations in the United</div>\n<div class=\"t m0 x7 h4f y158f ff1ec fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Kingdom. Pos<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">employ<span class=\"_ _2b\"></span>ment benefits i<span class=\"_ _0\"></span>n countries<span class=\"_ _0\"></span> outsid<span class=\"_ _0\"></span>e the euro<span class=\"ls0 ws0\">-</span><span class=\"wsef\">zone </span></span></span></div>\n<div class=\"t m0 x7 h4f y1590 ff1ec fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and the <span class=\"_ _2\"></span>United Kingdom are n<span class=\"_ _2\"></span>ot regarded as <span class=\"_ _2\"></span>significant. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1591 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1592 ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A one perce<span class=\"_ _0\"></span>nt change i<span class=\"_ _0\"></span>n the actua<span class=\"_ _0\"></span>rial assu<span class=\"_ _2b\"></span>mptions would hav<span class=\"_ _0\"></span>e the</div>\n<div class=\"t m0 x1a h4f y1593 ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing effect<span class=\"_ _0\"></span> on the define<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>ben<span class=\"_ _0\"></span>efit oblig<span class=\"_ _0\"></span>ation for d<span class=\"_ _0\"></span>efined be<span class=\"_ _0\"></span>nefit</div>\n<div><br/></div>\n<div class=\"t m0 x1a h4f y1594 ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension p<span class=\"_ _0\"></span>lans and ot<span class=\"_ _0\"></span>her post<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">employment benefits.</span></span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 519px; bottom: 462px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 564px; bottom: 492px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y647 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 570px; bottom: 477px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 462px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 462px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 492px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y647 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 714px; bottom: 477px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 462px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1595 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 492px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 462px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 432px; z-index: 15;\">Defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 432px; z-index: 15;\">750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 432px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 432px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 432px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 402px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed discount rate:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 387px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 387px; z-index: 15;\">(11.0%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 387px; z-index: 15;\">(13.0%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 679px; bottom: 387px; z-index: 15;\">(16.8%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 387px; z-index: 15;\">(19.3%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 373px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 373px; z-index: 15;\">12.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 373px; z-index: 15;\">16.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 373px; z-index: 15;\">18.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 373px; z-index: 15;\">25.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 343px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed future salary in<span class=\"_ _0\"></span>crease:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 328px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x160 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 328px; z-index: 15;\">12.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 328px; z-index: 15;\">12.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 313px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x19b h52 y63a ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 313px; z-index: 15;\">(10.6%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 313px; z-index: 15;\">(10.2%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 313px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 313px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 283px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed pension increase:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 269px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 269px; z-index: 15;\">8.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 269px; z-index: 15;\">9.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 269px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 269px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 254px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x160 h52 y647 ff1ec fs3c fc14 sc0 lsec wsfe\" style=\"left: 514px; bottom: 254px; z-index: 15;\">(7.<span class=\"_ _2\"></span>3%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff1ec fs3c fc14 sc0 lsec wsfe\" style=\"left: 599px; bottom: 254px; z-index: 15;\">(7.<span class=\"_ _2\"></span>8%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 243px; height: 863px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 243px; height: 863px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 243px; height: 863px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A one perce<span class=\"_ _0\"></span>nt change i<span class=\"_ _0\"></span>n assumed m<span class=\"_ _2b\"></span>edical cost trend ra<span class=\"_ _2b\"></span>tes would have the fol<span class=\"_ _0\"></span>lowing ef<span class=\"_ _0\"></span>fect on the def<span class=\"_ _2b\"></span>ined benefit obl<span class=\"_ _0\"></span>igation f<span class=\"_ _0\"></span>o<span class=\"lsf3 wsf1\">r medical costs.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y5ff ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 743px; bottom: 1065px; z-index: 15;\">Medical<span class=\"ls0 ws0\"> </span>Care<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y601 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y601 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1050px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1020px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1020px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed medical costs a<span class=\"_ _2b\"></span>nd tr<span class=\"_ _2\"></span>end <span class=\"_ _0\"></span>rates:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x2a2 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 975px; z-index: 15;\">20.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 975px; z-index: 15;\">26.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 960px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x126 h52 y5f2 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 960px; z-index: 15;\">(15.9%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f2 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 960px; z-index: 15;\">(20.0%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15bc ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15bd ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15be ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The ass<span class=\"_ _0\"></span>et mix of t<span class=\"_ _2b\"></span>he plan assets<span class=\"_ _0\"></span> for pen<span class=\"_ _0\"></span>sion ob<span class=\"_ _0\"></span>ligatio<span class=\"_ _2b\"></span>ns is as follows<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15bf ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a7 h52 y60e ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 462px; bottom: 882px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 617px; bottom: 882px; z-index: 15;\">%</div>\n<div class=\"t m0 x1a7 h52 y60e ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 635px; bottom: 882px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 789px; bottom: 882px; z-index: 15;\">%</div>\n<div class=\"t m0 x14d h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f0 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 851px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 851px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 851px; z-index: 15;\">13.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 851px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 851px; z-index: 15;\">11.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 836px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 836px; z-index: 15;\">151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 836px; z-index: 15;\">63.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 836px; z-index: 15;\">230<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 836px; z-index: 15;\">63.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 822px; z-index: 15;\">Insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 822px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 822px; z-index: 15;\">10.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 822px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 822px; z-index: 15;\">7.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1f0 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 807px; z-index: 15;\">Real<span class=\"_ _2\"></span> estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 807px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 807px; z-index: 15;\">10.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 807px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 807px; z-index: 15;\">8.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff1f0 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 792px; z-index: 15;\">Cash <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y63a ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 792px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 792px; z-index: 15;\">1.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y63a ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 792px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f0 h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 792px; z-index: 15;\">1.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 777px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5ff ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 777px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 777px; z-index: 15;\">1.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 777px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 777px; z-index: 15;\">8.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff1f3 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 762px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 762px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 762px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 762px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 762px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15c6 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15c7 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15c8 ff1f0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The plan assets<span class=\"_ _2\"></span> comprise predominantly fix<span class=\"_ _2\"></span>ed income securities,</div>\n<div class=\"t m0 x7 h4f y15c9 ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ed by equi<span class=\"_ _0\"></span>ty sec<span class=\"_ _0\"></span>urities<span class=\"_ _0\"></span>, real est<span class=\"_ _2b\"></span>ate (funds) a<span class=\"_ _0\"></span>nd invest<span class=\"_ _2b\"></span>ment</div>\n<div class=\"t m0 x7 h4f y15ca ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h insura<span class=\"_ _0\"></span>nce comp<span class=\"_ _0\"></span>anies. Age<span class=\"_ _0\"></span>as\u2019s inte<span class=\"_ _2b\"></span>rnal investment p<span class=\"_ _0\"></span>olicy</div>\n<div class=\"t m0 x7 h4f y15cb ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stipula<span class=\"_ _0\"></span>tes that in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span> in derivat<span class=\"_ _2b\"></span>ives and emergin<span class=\"_ _0\"></span>g <span class=\"wsfa\">markets f<span class=\"_ _0\"></span>or the </span></div>\n<div class=\"t m0 x1a h4f y15cc ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">purpos<span class=\"_ _0\"></span>e of fun<span class=\"_ _0\"></span>ding pens<span class=\"_ _2b\"></span>ion plans is t<span class=\"_ _0\"></span>o be avoid<span class=\"_ _2b\"></span>ed. The amount<span class=\"_ _2b\"></span> in</div>\n<div class=\"t m0 x1a h4f y15cd ff1f0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">\u2018Other\u2019 relate<span class=\"_ _2\"></span>s to two diversified funds in<span class=\"_ _2\"></span> the United Kingdom.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y15ce ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y15cf ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The mix <span class=\"_ _0\"></span>of the un<span class=\"_ _0\"></span>qualif<span class=\"_ _0\"></span>ied asset<span class=\"_ _2b\"></span>s for pension o<span class=\"_ _2b\"></span>bligations is as<span class=\"_ _0\"></span> follows<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x7 h4f y15d0 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15d1 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 621px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a7 h52 y5ff ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 462px; bottom: 621px; z-index: 15;\">31 <span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x146 h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 617px; bottom: 621px; z-index: 15;\">%</div>\n<div class=\"t m0 x1a7 h52 y5ff ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 635px; bottom: 621px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 789px; bottom: 621px; z-index: 15;\">%</div>\n<div class=\"t m0 x14d h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1f0 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 590px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 590px; z-index: 15;\">7.<span class=\"ls0 ws0\">4% </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 590px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 590px; z-index: 15;\">7.<span class=\"ls0 ws0\">2% </span></div>\n<div class=\"t m0 x14d h52 y605 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y605 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 575px; z-index: 15;\">43<span class=\"ls0 ws0\">0 </span></div>\n<div class=\"t m0 x160 h52 y605 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 575px; z-index: 15;\">7<span class=\"lse4 wsf4\">9.2</span>%</div>\n<div class=\"t m0 x24 h52 y605 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 575px; z-index: 15;\">431<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 771px; bottom: 575px; z-index: 15;\">7<span class=\"lse4 wsf4\">9.2</span>%</div>\n<div class=\"t m0 x14d h52 y603 ff1f0 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Real<span class=\"_ _2\"></span> estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 560px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 560px; z-index: 15;\">10.1<span class=\"ls0 ws0\">% </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 560px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 560px; z-index: 15;\">10.<span class=\"ls0 ws0\">7% </span></div>\n<div class=\"t m0 x14d h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Convertible bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 545px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 545px; z-index: 15;\">2.<span class=\"ls0 ws0\">6% </span></div>\n<div class=\"t m0 x74 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 545px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 545px; z-index: 15;\">2.<span class=\"ls0 ws0\">4% </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 531px; z-index: 15;\">Cash<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 531px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 531px; z-index: 15;\">0.7%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 531px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 531px; z-index: 15;\">0.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff1f3 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y70b ff1f3 fs3c fc1f sc0 ls0 ws0\" style=\"left: 522px; bottom: 516px; z-index: 15;\">5<span class=\"lse4 wsf4\">43</span> </div>\n<div class=\"t m0 x162 h54 y70b ff1f3 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 516px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y70b ff1f3 fs3c fc1f sc0 ls0 ws0\" style=\"left: 695px; bottom: 516px; z-index: 15;\">5<span class=\"lse4 wsf4\">44</span> </div>\n<div class=\"t m0 x162 h54 y70b ff1f3 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 516px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15da ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15db ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15dc ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas gra<span class=\"_ _0\"></span>dually a<span class=\"_ _0\"></span>djusts its as<span class=\"_ _2b\"></span>set allocatio<span class=\"_ _0\"></span>n policy to ens<span class=\"_ _0\"></span>ure a close</div>\n<div class=\"t m0 x7 h4f y15dd ff1f0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">match between<span class=\"_ _2\"></span> the duration of assets and that of<span class=\"_ _2\"></span> pension liabilities.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15de ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y15df ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The empl<span class=\"_ _0\"></span>oyer\u2019s<span class=\"_ _0\"></span> contribut<span class=\"_ _2b\"></span>ions expecte<span class=\"_ _0\"></span>d to be pa<span class=\"_ _0\"></span>id into <span class=\"_ _2b\"></span>po<span class=\"lse1 wsf0\">st<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span><span class=\"wsef\">empl<span class=\"_ _2b\"></span>oyment </span></div>\n<div class=\"t m0 x1a h4f y15e0 ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span> plans fo<span class=\"_ _2b\"></span>r the year end<span class=\"_ _0\"></span>ing 31 Dec<span class=\"_ _2b\"></span>ember <span class=\"lse2\">2022 are<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span>as fol<span class=\"_ _2b\"></span>lows.</div>\n<div class=\"t m0 x7 h4f y15e1 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x1d h52 y60e ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 736px; bottom: 406px; z-index: 15;\">Defined benefit <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 391px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f4 h52 y5f9 ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 742px; bottom: 391px; z-index: 15;\">pension plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y60e ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 360px; z-index: 15;\">Expected contribution next year to plan assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 360px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 346px; z-index: 15;\">Expected contribution next year to unqualified plan assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 346px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 335px; height: 771px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 335px; height: 771px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 335px; height: 771px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1f5 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.1.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Other <span class=\"lse2 wsf1\">long</span></span>-<span class=\"lse0 wsf0\">term employee ben<span class=\"_ _0\"></span>efits<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1f5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Other long<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term em<span class=\"_ _0\"></span>ployee b<span class=\"_ _0\"></span>enefits i<span class=\"_ _0\"></span>nclude lo<span class=\"_ _2b\"></span>ng<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">serv<span class=\"_ _0\"></span>ice aw<span class=\"_ _0\"></span>ards. Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow s<span class=\"_ _0\"></span>hows net <span class=\"_ _2b\"></span>liabilities. T<span class=\"_ _0\"></span>he liab<span class=\"_ _0\"></span>ilities <span class=\"_ _0\"></span>related t<span class=\"_ _2b\"></span>o other long<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">term em<span class=\"_ _0\"></span>ployee </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s are inc<span class=\"_ _2b\"></span>luded in the stat<span class=\"_ _2b\"></span>ement of fina<span class=\"_ _0\"></span>ncial pos<span class=\"_ _2b\"></span>ition under ac<span class=\"_ _0\"></span>crued<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">in<span class=\"_ _0\"></span>terest an<span class=\"_ _0\"></span>d other liabi<span class=\"_ _2b\"></span>lities (see note 24).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1033px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y5ff ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5ff ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y601 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y601 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1003px; z-index: 15;\">Defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 622px; bottom: 1003px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1003px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff1f8 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 988px; z-index: 15;\">Net defined benefit liabilities (assets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y605 ff1f8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 622px; bottom: 988px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y605 ff1f8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 988px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12a9 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12aa ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15ea ff1f5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties for other long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">ter<span class=\"_ _2b\"></span>m <span class=\"_ _2\"></span>em<span class=\"_ _0\"></span>ployee be<span class=\"_ _0\"></span>nefits dur<span class=\"_ _0\"></span>ing the <span class=\"lse2 wsf1\">year.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y15eb ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y603 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 910px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 910px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y608 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y608 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1f5 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 879px; z-index: 15;\">Net liability as at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f4 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 622px; bottom: 879px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f4 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 879px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 864px; z-index: 15;\">Total expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 864px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 864px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 849px; z-index: 15;\">Benefits directly paid by <span class=\"_ _0\"></span>the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 849px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 849px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1f5 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Net liability as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y608 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 622px; bottom: 835px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y608 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 835px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15f2 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15f3 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15f4 ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es the ra<span class=\"_ _2b\"></span>nge of actuaria<span class=\"_ _0\"></span>l assum<span class=\"_ _0\"></span>ptions a<span class=\"_ _2b\"></span>pplied when <span class=\"lse2 ws103\">calculating the liabiliti<span class=\"_ _2\"></span>es for other long<span class=\"ls0 ws0\">-</span>term emp<span class=\"_ _2\"></span>loyee benefits.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y15f5 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y60e ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 715px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y60e ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 756px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 741px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff1f5 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 616px; bottom: 741px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 699px; bottom: 741px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff1f5 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 778px; bottom: 741px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 634px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1f5 fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 711px; z-index: 15;\">Disc<span class=\"_ _2\"></span>ount rat<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 711px; z-index: 15;\">3.17%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 711px; z-index: 15;\">3.82%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 711px; z-index: 15;\">0.32%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 711px; z-index: 15;\">0.70%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 696px; z-index: 15;\">Future salary increases<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 696px; z-index: 15;\">3.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 696px; z-index: 15;\">5.90%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 696px; z-index: 15;\">2.10%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 696px; z-index: 15;\">4.20%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15fa ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15fb ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15fc ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Expenses<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>ed to ot<span class=\"_ _0\"></span>her long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term empl<span class=\"_ _0\"></span>oyee benef<span class=\"_ _0\"></span>its are sho<span class=\"_ _2b\"></span>wn below. Interest c<span class=\"_ _0\"></span>ost is incl<span class=\"_ _0\"></span>uded in fin<span class=\"_ _0\"></span>ancing cos<span class=\"_ _2b\"></span>ts (see note <span class=\"wsef\">37</span>), all<span class=\"_ _0\"></span> other expens<span class=\"_ _2b\"></span>es are </span></span></div>\n<div class=\"t m0 x7 h4f y15fd ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in staff expe<span class=\"_ _2b\"></span>nses (see note 4<span class=\"ls0 ws0\">0</span><span class=\"wsef\">).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y15fe ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 601px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y5f7 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 601px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f7 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 601px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5fc ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5fc ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1f5 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 571px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y647 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 571px; z-index: 15;\">1</div>\n<div class=\"t m0 x4a h52 y647 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 571px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5ff ff1f5 fs3c fc14 sc0 lse8 ws10b\" style=\"left: 69px; bottom: 556px; z-index: 15;\">Net <span class=\"lse4 wsf3\">actuarial losses (gains) recognised imme<span class=\"_ _0\"></span>diately<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5ff ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 556px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 556px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff1f8 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 541px; z-index: 15;\">Total<span class=\"_ _2\"></span> expense <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y647 ff1f8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 621px; bottom: 541px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y647 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 541px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1604 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1605 ff1f5 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">6<span class=\"lsf4 ws10c\">.1.3</span> <span class=\"_ _1af\"> </span><span class=\"lse0 wsf0\">Termi<span class=\"_ _0\"></span>nation be<span class=\"_ _0\"></span>nefits<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1606 ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Terminat<span class=\"_ _2b\"></span>ion benefits are e<span class=\"_ _0\"></span>mployee b<span class=\"_ _0\"></span>enefits p<span class=\"_ _2b\"></span>ayable as a result of eit<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x7 h4f y1607 ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an enterp<span class=\"_ _0\"></span>rise\u2019s de<span class=\"_ _0\"></span>cision t<span class=\"_ _0\"></span>o terminat<span class=\"_ _0\"></span>e an employ<span class=\"_ _0\"></span>ee\u2019s empl<span class=\"_ _2b\"></span>oyment before</div>\n<div class=\"t m0 x7 h4f y1608 ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the norm<span class=\"_ _2b\"></span>al retirement d<span class=\"_ _0\"></span>ate, or <span class=\"_ _0\"></span>an employ<span class=\"_ _2b\"></span>ee\u2019s decisio<span class=\"_ _0\"></span>n to acc<span class=\"_ _0\"></span>ept</div>\n<div class=\"t m0 x7 h4f y1609 ff1f5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">voluntary <span class=\"_ _2\"></span>redundancy in exchang<span class=\"_ _2\"></span>e for those bene<span class=\"_ _2\"></span>fi<span class=\"lsf4 ws10c\">ts. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y160a ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y160b ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y160c ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below shows<span class=\"_ _0\"></span> liabil<span class=\"_ _0\"></span>ities relat<span class=\"_ _2b\"></span>ed to termination b<span class=\"_ _2b\"></span>enefits include<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x1a h4f y160d ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in the stat<span class=\"_ _0\"></span>ement of fina<span class=\"_ _2b\"></span>ncial position u<span class=\"_ _0\"></span>nder accru<span class=\"_ _0\"></span>ed inter<span class=\"_ _0\"></span>est and othe<span class=\"_ _2b\"></span>r</div>\n<div class=\"t m0 x1a h4f y160e ff1f5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liabilities (s<span class=\"_ _2\"></span>ee note 2<span class=\"ls0 ws0\">4<span class=\"lse0 wsef\">).</span></span></div>\n<div class=\"t m0 x7 h4f y160f ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1610 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 384px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y605 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 384px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 384px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y603 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y603 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 354px; z-index: 15;\">Defined benefit <span class=\"wsf4\">obligation<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x4a h52 y608 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 354px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h52 y608 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 354px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h54 y5f4 ff1f8 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 339px; z-index: 15;\">Net defined benefit liabilities (assets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h54 y5f4 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 339px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h54 y5f4 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 339px; z-index: 15;\">5</div>\n<div class=\"t m0 x7 h4f y1615 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1616 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1617 ff1f5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties for terminatio<span class=\"lse0 wsf0\">n benefits durin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e year.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1618 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 260px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y638 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 260px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y638 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 260px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 244px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5f4 ff1f7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 244px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5f4 ff1f7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 244px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff1f8 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 230px; z-index: 15;\">Net liability as at 1<span class=\"_ _0\"></span> January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h54 y638 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 230px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h54 y638 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 230px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 215px; z-index: 15;\">Total expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 215px; z-index: 15;\">1</div>\n<div class=\"t m0 x4a h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 215px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y70b ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 200px; z-index: 15;\">Benefits directly paid <span class=\"wsf6\">by the employer<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y70b ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 200px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y70b ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 200px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff1f8 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 185px; z-index: 15;\">Net liability as at 31<span class=\"_ _0\"></span> December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h54 y60e ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 185px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h54 y60e ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 185px; z-index: 15;\">5</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 174px; height: 932px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 174px; height: 932px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 174px; height: 932px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Expenses<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>erminati<span class=\"_ _0\"></span>on ben<span class=\"_ _0\"></span>efits ar<span class=\"_ _0\"></span>e shown <span class=\"_ _0\"></span>below.<span class=\"_ _0\"></span> Interes<span class=\"_ _0\"></span>t cost i<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>ed in <span class=\"ls0 ws0\">f</span><span class=\"wsf0\">inanci<span class=\"_ _2b\"></span>ng costs (see <span class=\"ls0 ws0\">n<span class=\"lsfc ws115\">ote</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">37</span></span>). All ot<span class=\"_ _0\"></span>her expen<span class=\"_ _0\"></span>ses are incl<span class=\"_ _0\"></span>uded in<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsf0\">taff expenses<span class=\"_ _0\"></span> (see <span class=\"ls0 ws0\">n</span><span class=\"wsef\">ote 40).<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x25f h52 y601 ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1049px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y601 ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1049px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff1fc fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5ff ff1fc fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5ff ff1fc fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1fa fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h52 y605 ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 1019px; z-index: 15;\">1</div>\n<div class=\"t m0 x8c h52 y605 ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 1019px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y603 ff1fd fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Total<span class=\"_ _2\"></span> expense <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h54 y603 ff1fd fs3c fc1f sc0 ls0 ws0\" style=\"left: 620px; bottom: 1004px; z-index: 15;\">1</div>\n<div class=\"t m0 x8c h54 y603 ff1fd fs3c fc1f sc0 ls0 ws0\" style=\"left: 791px; bottom: 1004px; z-index: 15;\">2</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 993px; height: 113px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y12fc ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12fd ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h6a y162e ff1fe fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">6.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y162f ff1fe fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Employee share and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1630 ff1fe fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">share<span class=\"ls0 ws0\">-</span>linked i<span class=\"_ _2\"></span>ncentive <span class=\"ls13e ws165\">plans<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1631 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas\u2019s re<span class=\"_ _2b\"></span>muneration pa<span class=\"_ _0\"></span>ckage fo<span class=\"_ _0\"></span>r its employe<span class=\"_ _0\"></span>es and Exec<span class=\"_ _2b\"></span>utive<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1632 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Committee and Man<span class=\"_ _2\"></span>agement Committee Members may<span class=\"_ _2\"></span> include share<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1633 ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">related ins<span class=\"_ _2\"></span>truments. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1634 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1635 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These be<span class=\"_ _0\"></span>nefits<span class=\"_ _0\"></span> can tak<span class=\"_ _0\"></span>e the form<span class=\"_ _0\"></span> of:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1636 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse2 wsfa\">R<span class=\"_ _2\"></span>estricted shares;</span><span class=\"ff1fa\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1637 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse2 wsf1\">Sh<span class=\"_ _2\"></span>are</span><span class=\"ff1fa\">-<span class=\"lse0 wsfa\">linked i<span class=\"_ _0\"></span>ncent<span class=\"_ _0\"></span>ives.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1638 ff1fa fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.2.1 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsfa\">Res<span class=\"_ _2\"></span>tricted shares</span> </span></div>\n<div class=\"t m0 x7 h4f y1639 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The membe<span class=\"_ _2b\"></span>rs of the Executive a<span class=\"_ _2b\"></span>nd Management Com<span class=\"_ _0\"></span>mitte<span class=\"_ _0\"></span>e benefit</div>\n<div class=\"t m0 x7 h4f y163a ff1fa fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">fro<span class=\"lse2 wsfa\">m a Long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">term <span class=\"_ _0\"></span>incentiv<span class=\"_ _2b\"></span>e plan (LTI).<span class=\"_ _0\"></span> This pla<span class=\"_ _0\"></span>n consist<span class=\"_ _2b\"></span>s of the grant<span class=\"_ _0\"></span>ing </span></span></div>\n<div class=\"t m0 x7 h4f y163b ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of perfor<span class=\"_ _0\"></span>mance shar<span class=\"_ _2b\"></span>es which vest after a p<span class=\"_ _0\"></span>eriod of 3.<span class=\"_ _0\"></span>5 years<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">afte<span class=\"_ _0\"></span>r grant<span class=\"lsfc ws115\">. </span></span></div>\n<div class=\"t m0 x7 h4f y163c ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The numbe<span class=\"_ _0\"></span>r of shares to b<span class=\"_ _0\"></span>e granted u<span class=\"_ _0\"></span>nder this pl<span class=\"_ _0\"></span>an is based on t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y163d ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">\u201cAgeas Busine<span class=\"_ _2\"></span>ss Score\u201d which <span class=\"_ _2\"></span>is the result o<span class=\"_ _2\"></span><span class=\"lse0\">f t<span class=\"_ _0\"></span>he achi<span class=\"_ _0\"></span>evement<span class=\"_ _0\"></span> on the </span></div>\n<div class=\"t m0 x1a h4f y163e ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">corporat<span class=\"_ _2b\"></span>e KPI's. The vestin<span class=\"_ _0\"></span>g after 3.5 y<span class=\"_ _0\"></span>ears is sub<span class=\"_ _0\"></span>ject to a relat<span class=\"_ _0\"></span>ive total</div>\n<div class=\"t m0 x1a h4f y163f ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>older retu<span class=\"_ _0\"></span>rn (TSR) p<span class=\"_ _2b\"></span>erformance meas<span class=\"_ _2b\"></span>urement as comp<span class=\"_ _0\"></span>ared to a</div>\n<div class=\"t m0 x1a h4f y1640 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">peer group.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Aft<span class=\"_ _0\"></span>er vestin<span class=\"_ _0\"></span>g, the shar<span class=\"_ _2b\"></span>es will have to be held<span class=\"_ _0\"></span> for an</div>\n<div class=\"t m0 x1a h4f y1641 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">additional 1.<span class=\"_ _2\"></span>5 years (5<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">years in tot<span class=\"_ _0\"></span>al as of date of gr<span class=\"_ _0\"></span>ant). Aft<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>is </span></span></div>\n<div class=\"t m0 x1a h4f y1642 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">blocking period<span class=\"_ _2\"></span>, the beneficiaries may sel<span class=\"_ _2\"></span>l the vested shares under<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1643 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n conditi<span class=\"_ _2b\"></span>ons in line with t<span class=\"_ _2b\"></span>he Remunerati<span class=\"_ _2b\"></span>on Policy. You <span class=\"_ _0\"></span>find mor<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y1644 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">details<span class=\"_ _0\"></span> on the p<span class=\"_ _0\"></span>lan in th<span class=\"_ _0\"></span>e Report <span class=\"_ _2b\"></span>of the Remunerat<span class=\"_ _2b\"></span>ion Committe<span class=\"_ _2b\"></span>e sect<span class=\"ls102 ws11d\">ion<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1645 ff1fa fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">A.6.<span class=\"_ _2\"></span>7<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1646 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1647 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For 2018 a tot<span class=\"_ _0\"></span>al of 35<span class=\"ls0 ws0\">,</span><span class=\"wsfa\">612 pe<span class=\"_ _0\"></span>rformanc<span class=\"_ _2b\"></span>e shares were c<span class=\"_ _2b\"></span>ommitted to be </span></div>\n<div class=\"t m0 x1a h4f y1648 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">granted,<span class=\"_ _0\"></span> for 20<span class=\"_ _0\"></span>19 a tot<span class=\"_ _0\"></span>al of 51,3<span class=\"_ _0\"></span>93 per<span class=\"_ _0\"></span>formance <span class=\"_ _2b\"></span>shares were co<span class=\"_ _2b\"></span>mmitted</div>\n<div class=\"t m0 x1a h4f y1649 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be grant<span class=\"_ _0\"></span>ed, for 2020 a t<span class=\"_ _0\"></span>otal of 53,2<span class=\"_ _2b\"></span>69 shares were comm<span class=\"_ _0\"></span>itted to be</div>\n<div class=\"t m0 x1a h4f y164a ff1fa fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">granted <span class=\"lse2 wsf1\">and </span><span class=\"wsf0\">for 2021 a tot<span class=\"_ _2b\"></span>al of <span class=\"lse2 ws103\">53,918<span class=\"_ _2\"></span> performance shares were<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f y164b ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">committ<span class=\"_ _0\"></span>ed to be grant<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y164c ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y164d ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For perfor<span class=\"_ _2b\"></span>mance year 2022 a tot<span class=\"_ _0\"></span>al of <span class=\"lse2 wsf1\">42,530<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">performanc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsf0\">sha<span class=\"_ _0\"></span>res are </span></span></div>\n<div class=\"t m0 x1a h4f y164e ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">committ<span class=\"_ _0\"></span>ed to be <span class=\"_ _0\"></span>grante<span class=\"_ _0\"></span>d to the Ex<span class=\"_ _2b\"></span>ecutive and M<span class=\"_ _0\"></span>anagem<span class=\"_ _2b\"></span>ent Committe<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y164f ff1fa fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Members.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1650 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1651 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1652 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> shows the changes in commitme<span class=\"ls0 ws0\">n<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">ts of res<span class=\"_ _0\"></span>tricte<span class=\"_ _0\"></span>d shares d<span class=\"_ _0\"></span>uring the ye<span class=\"_ _0\"></span>ar for ExCo a<span class=\"_ _0\"></span>nd M<span class=\"lsfb wsfa\">co<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Members.</span> <span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1653 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h4f yc5a ff1fa fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 610px; z-index: 15;\">(number of shares in '<span class=\"wsf4\">0<span class=\"_ _0\"></span>00)<span class=\"fs3a ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x217 h52 yc5a ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 643px; bottom: 610px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 yc5a ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 610px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y1656 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 594px; z-index: 15;\"> </div>\n<div class=\"t m0 x2cb h52 y1656 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 664px; bottom: 594px; z-index: 15;\"> </div>\n<div class=\"t m0 x2cb h52 y1656 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 594px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h4f yc74 ff1fa fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Number of shares newly g<span class=\"_ _0\"></span>ranted<span class=\"fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 xdb h52 yc74 ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 578px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h52 yc74 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 578px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h4f y1656 ff1fd fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 562px; z-index: 15;\">Number of restricted shares committed to be granted as at 1 March<span class=\"ff1fa fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h54 y1656 ff1fd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 649px; bottom: 562px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h54 y1656 ff1fd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 562px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h4f yc5a ff1fa fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 547px; z-index: 15;\">Restricted shares (cancelled) <span class=\"fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h4f yc5a ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 664px; bottom: 547px; z-index: 15;\"> <span class=\"fs3a\"> </span></div>\n<div class=\"t m0 x2cb h52 yc5a ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 547px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h4f y1656 ff1fa fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 531px; z-index: 15;\">Restricted shares vested<span class=\"fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h4f y1656 ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 664px; bottom: 531px; z-index: 15;\"> <span class=\"fs3a\"> </span></div>\n<div class=\"t m0 x2e3 h52 y1656 ff1fa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 531px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h4f yc74 ff1fd fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Number of restricted shares committed to be <span class=\"lsef ws102\">granted a<span class=\"_ _2\"></span>s at 31 Decembe<span class=\"_ _2\"></span>r<span class=\"ff1fa fs3a ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2cb h54 yc74 ff1fd fs3c fc1f sc0 ls0 ws0\" style=\"left: 664px; bottom: 515px; z-index: 15;\">  </div>\n<div class=\"t m0 xd8 h54 yc74 ff1fd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 515px; z-index: 15;\">158<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y165c ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y165d ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y165e ff1fa fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.2.2 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Share<span class=\"_ _2\"></span></span>-<span class=\"lse0 wsfa\">linke<span class=\"_ _2b\"></span>d incentives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y165f ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 20<span class=\"lse2 wsf1\">20<span class=\"lsf4 ws10c\">, </span>20<span class=\"ls0 ws0\">21<span class=\"_ _2\"></span> </span><span class=\"wsfa\">and 2022<span class=\"ls0 ws0\"> </span>Agea<span class=\"_ _2\"></span>s launched a shar<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\">-</span></span></span>linked i<span class=\"_ _2b\"></span>ncentive plan</div>\n<div class=\"t m0 x7 h4f y1660 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">for its senior<span class=\"_ _2\"></span> management. Depend<span class=\"ls102 ws11d\">ing<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">on the relative perf<span class=\"_ _0\"></span>ormanc<span class=\"_ _0\"></span>e of </span></span></span></div>\n<div class=\"t m0 x7 h4f y1661 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Ageas share<span class=\"_ _2\"></span> in relation to a peer group ov<span class=\"_ _2\"></span>er a period of the three</div>\n<div class=\"t m0 x7 h4f y1662 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">years following<span class=\"_ _2\"></span> the launch of each of the plan<span class=\"_ _2\"></span>s and <span class=\"wsf1\">the<span class=\"ls0 ws0\"> </span>condition<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>of </span></div>\n<div class=\"t m0 x7 h4f y1663 ff1fa fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">co<span class=\"lse2 wsfa\">ntinued empl<span class=\"_ _2\"></span>oyment<span class=\"lse0\">, th<span class=\"_ _0\"></span>e senior <span class=\"_ _0\"></span>manager<span class=\"_ _2b\"></span>s will be award<span class=\"_ _0\"></span>ed a cash </span></span></div>\n<div class=\"t m0 x7 h4f y1664 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">payment equal<span class=\"_ _2\"></span> to a value:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1665 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1666 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse0 wsf0\">between 0 and the val<span class=\"_ _0\"></span>ue of 135,<span class=\"_ _0\"></span>480<span class=\"ls0 ws0\"> A<span class=\"lse2 wsfa\">geas share<span class=\"_ _2\"></span>s on 1 April<span class=\"_ _2\"></span> 202</span>3 </span></span></span></div>\n<div class=\"t m0 x25a h4f y1667 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(plan 20<span class=\"_ _0\"></span><span class=\"wsef\">20);<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1668 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse0 wsf0\">between 0 and the val<span class=\"_ _0\"></span>ue of 1<span class=\"lse2 wsf1\">41<span class=\"ls0 ws0\">,</span>400<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Agea<span class=\"_ _2\"></span>s shares on 1 Apri<span class=\"_ _2\"></span>l 202<span class=\"ls0 ws0\">4 </span></span></span></span></span></div>\n<div class=\"t m0 x25a h4f y1669 ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(plan 202<span class=\"ls0 ws0\">1<span class=\"_ _2\"></span>); </span></div>\n<div class=\"t m0 x1a h4f y166a ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa\">b<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">etwee<span class=\"_ _0\"></span>n 0 an<span class=\"lse2 wsfa\">d the value o<span class=\"_ _2\"></span>f 151,200 Ageas s<span class=\"_ _2\"></span>hares on 1 Apri<span class=\"_ _2\"></span>l 202<span class=\"ls0 ws0\">5 </span></span></span></span></span></div>\n<div class=\"t m0 x25a h4f y166b ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(plan 2022)<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y166c ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y166d ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The liab<span class=\"_ _0\"></span>ility of t<span class=\"_ _2b\"></span>hese cash<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">settl<span class=\"_ _0\"></span>ed trans<span class=\"_ _0\"></span>actions is d<span class=\"_ _2b\"></span>etermined at fair val<span class=\"_ _2b\"></span>ue </span></div>\n<div class=\"t m0 x1a h4f y166e ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at each rep<span class=\"_ _0\"></span>orting d<span class=\"_ _0\"></span>ate.<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 330px; height: 636px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 330px; height: 776px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 330px; height: 776px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">Staff<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"_ _2b\"></span>xpenses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3ad fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3ad fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff3af fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Salaries and wages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">653<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">590<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Social security charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">129<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Pension expenses relating to defined benefit pension plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Defined contribution plan expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">9</div>\n<div class=\"t m0 xd2 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Share<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">based compensation<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 727px; z-index: 15;\">3</div>\n<div class=\"t m0 xb8 h52 y5f7 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 727px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff3af fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff3af fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 697px; z-index: 15;\">922<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff3af fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">852<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c9e ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c9f ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca0 ff3ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The line<span class=\"_ _2\"></span> item \u2018Other\u2019 includ<span class=\"_ _2\"></span>es mainly other <span class=\"_ _2\"></span>short<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term empl<span class=\"_ _2b\"></span>oyee </span></span></div>\n<div class=\"t m0 x7 h4f y1ca1 ff3ad fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1ca2 ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1eb1 ff3ad fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Note <span class=\"ls0 ws0\">6 </span>section <span class=\"ls0 ws0\">6<span class=\"lse2 wsfa\">.1 Employee be<span class=\"_ _2\"></span>nefits contains <span class=\"_ _2\"></span>further details of p<span class=\"_ _2\"></span>ost</span>-</span></div>\n<div class=\"t m0 x1a h4f y1eb2 ff3ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">employment <span class=\"_ _2\"></span>benefits and other<span class=\"_ _2\"></span> long<span class=\"ls0 ws0\">-</span>term emplo<span class=\"_ _2\"></span>yee benefits, includi<span class=\"_ _2\"></span>ng</div>\n<div class=\"t m0 x1a h4f y1eb3 ff3ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension co<span class=\"_ _2b\"></span>sts<span class=\"ls0 ws0\"> </span>related to defi<span class=\"_ _0\"></span>ned benef<span class=\"_ _0\"></span>it plans an<span class=\"_ _0\"></span>d defined cont<span class=\"_ _2b\"></span>ribution</div>\n<div class=\"t m0 x1a h4f y1eb4 ff3ad fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">plan<span class=\"lsf4 ws10c\">s. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 592px; height: 369px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 592px; height: 369px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 592px; height: 369px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 592px; height: 369px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag453": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">R<span class=\"_ _2b\"></span>emuneration<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and benefits</div>\n\n<div class=\"t m0 x7 h6a y724 ff1d7 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">6<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x7 h6a ydeb ff1d7 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Employe<span class=\"ls10e ws131\">e benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h63 ydec ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">This note covers post<span class=\"ls0 ws0\">-</span><span class=\"ws112\">employment </span></div>\n<div class=\"t m0 x7 h63 yded ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">benefits, other long<span class=\"ls0 ws0\">-<span class=\"lsf6\">term employee </span></span></div>\n<div class=\"t m0 x7 h63 ydee ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">benefits and termination benefits.</div>\n<div class=\"t m0 x7 h63 ydef ff1d8 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">Post<span class=\"ls0 ws0\">-</span><span class=\"ws10f\">employment benefits are<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h63 ydf0 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">employee benefits, such <span class=\"_ _0\"></span>as</div>\n<div class=\"t m0 x7 h63 ydf1 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">pensions and post<span class=\"ls0 ws0\">-</span><span class=\"ws112\">employment </span></div>\n<div class=\"t m0 x7 h63 ydf2 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">medical care, which are payab<span class=\"_ _0\"></span>le</div>\n<div class=\"t m0 x7 h63 ydf3 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">after the end of employme<span class=\"ws16a\">nt. Other </span></div>\n<div class=\"t m0 x7 h63 ydf4 ff1d8 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">long<span class=\"ls0 ws0\">-<span class=\"lsf6\">term employee benefits are </span></span></div>\n<div class=\"t m0 x7 h63 ydf5 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">employee benefits that are not</div>\n<div class=\"t m0 x7 h63 ydf6 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(fully) due within twelve months of</div>\n<div class=\"t m0 x7 h63 y14a8 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">the period in which the emp<span class=\"_ _0\"></span>loyees</div>\n<div class=\"t m0 x7 h63 y14a9 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">rendered the related service<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h63 y14aa ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">including long<span class=\"ls0 ws0\">-<span class=\"lsf6 ws113\">service awards and </span></span></div>\n<div class=\"t m0 x7 h63 y14ab ff1d8 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">long<span class=\"ls0 ws0\">-<span class=\"lsf6\">term disability benefits. </span></span></div>\n<div class=\"t m0 x7 h63 y14ac ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Termination benefi<span class=\"lsf6 ws0\">ts are employee </span></div>\n<div class=\"t m0 x7 h63 y14ad ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">benefits payable as a resu<span class=\"_ _0\"></span>lt of the</div>\n<div class=\"t m0 x7 h63 y14ae ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">premature end of the employee\u2019s</div>\n<div class=\"t m0 x7 h63 y14af ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">employment contract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below shows<span class=\"_ _0\"></span> an overvi<span class=\"_ _0\"></span>ew of all the em<span class=\"_ _0\"></span>ployee b<span class=\"_ _0\"></span>enefits<span class=\"_ _0\"></span>\u2019 liabilit<span class=\"_ _0\"></span>ies (ass<span class=\"_ _0\"></span>ets) at Age<span class=\"_ _0\"></span>as.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y725 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1d5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y605 ff1d5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 668px; bottom: 801px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y605 ff1d5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 801px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff1d5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 785px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y632 ff1d9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 688px; bottom: 785px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y632 ff1d9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 785px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1d5 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 770px; z-index: 15;\">Post<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse4 wsf3\">employmen<span class=\"_ _0\"></span>t benefits <span class=\"ls0 ws0\">- </span>defined benefit plans <span class=\"ls0 ws0\">- </span><span class=\"wsf4\">pensions<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x43 h52 y5f2 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 770px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y5f2 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 770px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 755px; z-index: 15;\">Other post<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">employment benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 755px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 755px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1d5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Other long<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">term employee benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y5f9 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 741px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 741px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 726px; z-index: 15;\">Termination benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y60e ff1d5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 726px; z-index: 15;\">5</div>\n<div class=\"t m0 x1f4 h52 y60e ff1d5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 789px; bottom: 726px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h54 y5fc ff1da fs3c fc1f sc0 lse7 wsf8\" style=\"left: 324px; bottom: 711px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t defi<span class=\"_ _0\"></span>ned ben<span class=\"_ _2b\"></span>efits liabili<span class=\"_ _0\"></span>ties (ass<span class=\"_ _2b\"></span>ets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5fc ff1da fs3c fc1f sc0 lse4 wsf4\" style=\"left: 672px; bottom: 711px; z-index: 15;\">631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5fc ff1da fs3c fc1f sc0 lse4 wsf4\" style=\"left: 779px; bottom: 711px; z-index: 15;\">886<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14b7 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14b8 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14b9 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Liabilit<span class=\"_ _2b\"></span>ies and related serv<span class=\"_ _2b\"></span>ice cost are <span class=\"lse2 wsfa\">calculated a<span class=\"_ _2\"></span>ccording to the Proj<span class=\"_ _2\"></span>ected Unit Credi<span class=\"_ _2\"></span>t Method. The </span></div>\n<div class=\"t m0 x26 h4f y14ba ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve of th<span class=\"_ _0\"></span>is metho<span class=\"_ _0\"></span>d is to ex<span class=\"_ _0\"></span>pense e<span class=\"_ _0\"></span>ach part<span class=\"_ _2b\"></span>icipant\u2019s benef<span class=\"_ _2b\"></span>its as they wo<span class=\"_ _0\"></span>uld accr<span class=\"_ _2b\"></span>ue taking int<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x26 h4f y14bb ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account f<span class=\"_ _0\"></span>uture com<span class=\"_ _2b\"></span>pensation incre<span class=\"_ _2b\"></span>ases and the plan\u2019s b<span class=\"_ _0\"></span>enefit al<span class=\"_ _0\"></span>locatio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>prin<span class=\"_ _0\"></span>ciples.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14bc ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14bd ff1d5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">defined benef<span class=\"_ _2b\"></span>it obligation is t<span class=\"_ _0\"></span>he net prese<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue of the parti<span class=\"_ _0\"></span>cipant<span class=\"_ _0\"></span>\u2019s attri<span class=\"_ _0\"></span>buted ben<span class=\"_ _0\"></span>efits </span></div>\n<div class=\"t m0 x26 h4f y14be ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at the repo<span class=\"_ _0\"></span>rting dat<span class=\"_ _0\"></span>e. The cur<span class=\"_ _0\"></span>rent serv<span class=\"_ _0\"></span>ice cost is the n<span class=\"_ _2b\"></span>et present value of th<span class=\"_ _0\"></span>e partici<span class=\"_ _0\"></span>pant\u2019s</div>\n<div class=\"t m0 x26 h4f y14bf ff1d5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefits attri<span class=\"_ _2\"></span>buted to service during the ye<span class=\"_ _2\"></span>ar.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14c0 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14c1 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The pensi<span class=\"_ _2b\"></span>on<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">cost<span class=\"_ _0\"></span> includ<span class=\"_ _2b\"></span>es net interes<span class=\"_ _0\"></span>t expens<span class=\"_ _0\"></span>e, calc<span class=\"_ _0\"></span>ulated by <span class=\"_ _2b\"></span>applying the <span class=\"_ _0\"></span>discount<span class=\"_ _0\"></span> rate to t<span class=\"_ _2b\"></span>he net </span></div>\n<div class=\"t m0 x26 h4f y14c2 ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">pension <span class=\"_ _0\"></span>liabil<span class=\"_ _0\"></span>ity. The d<span class=\"_ _2b\"></span>iscount rate i<span class=\"_ _0\"></span>s a high<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">quality corporate bond rate<span class=\"_ _2\"></span> where there is an active </span></span></div>\n<div class=\"t m0 x26 h4f y14c3 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market in suc<span class=\"_ _2b\"></span>h bonds, and a gover<span class=\"_ _0\"></span>nment bond r<span class=\"_ _0\"></span>ate in othe<span class=\"_ _0\"></span>r markets.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14c4 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14c5 ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Some ass<span class=\"_ _2b\"></span>ets might be r<span class=\"_ _0\"></span>estricte<span class=\"_ _2b\"></span>d to their reco<span class=\"_ _2b\"></span>verable amount<span class=\"_ _0\"></span> in the f<span class=\"_ _2b\"></span>orm of a reduct<span class=\"_ _0\"></span>ion in f<span class=\"_ _0\"></span>uture</div>\n<div class=\"t m0 x26 h4f y14c6 ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contri<span class=\"_ _0\"></span>butions o<span class=\"_ _2b\"></span>r a cash refund <span class=\"_ _0\"></span>(asset c<span class=\"_ _2b\"></span>eiling). Addit<span class=\"_ _0\"></span>ionally<span class=\"_ _2b\"></span>, there might b<span class=\"_ _0\"></span>e recogn<span class=\"_ _0\"></span>ition of a<span class=\"_ _2b\"></span> liability</div>\n<div class=\"t m0 x26 h4f y14c7 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">from a mini<span class=\"_ _0\"></span>mum fundi<span class=\"_ _2b\"></span>ng requirement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14c8 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14c9 ff1d5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The recogni<span class=\"_ _2\"></span>tion of actuarial g<span class=\"_ _2\"></span>ains and losses <span class=\"_ _2\"></span>for post<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">employment b<span class=\"_ _2b\"></span>enefits occurs in ot<span class=\"_ _2b\"></span>her </span></span></div>\n<div class=\"t m0 x26 h4f y14ca ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income, wh<span class=\"_ _0\"></span>ereas thos<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>for ot<span class=\"_ _2b\"></span>her long<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">term employee<span class=\"_ _2\"></span> benefits and termination </span></span></div>\n<div class=\"t m0 x26 h4f y14cb ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s occur <span class=\"_ _0\"></span>in the inc<span class=\"_ _2b\"></span>ome stateme<span class=\"lse2 wsf1\">nt.</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 370px; height: 471px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 370px; height: 591px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1dd fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.1.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Pos<span class=\"_ _2\"></span>t</span>-<span class=\"lse0 wsf0\">employ<span class=\"_ _2b\"></span>ment benefits<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yd13 ff1df fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Defined be<span class=\"_ _2b\"></span>nefit pension pl<span class=\"_ _0\"></span>ans and othe<span class=\"_ _0\"></span>r post<span class=\"ls0 ws0\">-</span>empl<span class=\"_ _0\"></span>oyment be<span class=\"_ _0\"></span>nefits<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd14 ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas opera<span class=\"_ _2\"></span>tes defined benefi<span class=\"_ _2\"></span>t pension plans c<span class=\"_ _2\"></span>overing the majori<span class=\"_ _2\"></span>ty of</div>\n<div class=\"t m0 x7 h4f yd15 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">its employ<span class=\"_ _2b\"></span>ees. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd16 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc7b ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under defined<span class=\"_ _2\"></span> benefit pension <span class=\"_ _2\"></span>plans, benefits are<span class=\"_ _2\"></span> calculated based<span class=\"_ _2\"></span> on</div>\n<div class=\"t m0 x7 h4f yd17 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">years of se<span class=\"_ _0\"></span>rvice and lev<span class=\"_ _2b\"></span>el of salary. Pensi<span class=\"_ _0\"></span>on obligat<span class=\"_ _0\"></span>ions are d<span class=\"_ _0\"></span>etermin<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f yd18 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the basis of<span class=\"_ _0\"></span> mortalit<span class=\"_ _0\"></span>y <span class=\"lse2 wsfa\">tables, empl<span class=\"_ _2\"></span>oyee turnover, wage <span class=\"_ _2\"></span>drift and </span></div>\n<div class=\"t m0 x7 h4f yd19 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">economic<span class=\"_ _0\"></span> assum<span class=\"_ _2b\"></span>ptions such as i<span class=\"_ _0\"></span>nflatio<span class=\"_ _0\"></span>n and dis<span class=\"_ _0\"></span>count <span class=\"_ _0\"></span>rate. Dis<span class=\"_ _0\"></span>count</div>\n<div class=\"t m0 x7 h4f y8cd ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rates ar<span class=\"_ _2b\"></span>e set per count<span class=\"_ _0\"></span>ry or re<span class=\"_ _0\"></span>gion on t<span class=\"_ _0\"></span>he basis <span class=\"_ _2b\"></span>of the yield (at <span class=\"_ _0\"></span>closing</div>\n<div class=\"t m0 x7 h4f y8ce ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date) of<span class=\"_ _0\"></span> corpor<span class=\"_ _0\"></span>ate AA bo<span class=\"_ _2b\"></span>nds. These defi<span class=\"_ _2b\"></span>ned benefit pl<span class=\"_ _0\"></span>ans exp<span class=\"_ _0\"></span>ose the</div>\n<div class=\"t m0 x7 h4f y882 ff1dd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Group<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">to actuarial<span class=\"_ _0\"></span> risks, s<span class=\"_ _2b\"></span>uch as longevi<span class=\"_ _2b\"></span>ty, currency,<span class=\"_ _0\"></span> interest<span class=\"_ _0\"></span> rate a<span class=\"_ _0\"></span>nd </span></span></div>\n<div class=\"t m0 x7 h4f y883 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market ris<span class=\"_ _2b\"></span>k.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y884 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y885 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on to pensi<span class=\"_ _0\"></span>ons, post<span class=\"ls0 ws0\">-</span>emp<span class=\"_ _2b\"></span>loyment benefits<span class=\"_ _0\"></span> may also inc<span class=\"_ _0\"></span>lude</div>\n<div class=\"t m0 x7 h4f y886 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">other ex<span class=\"_ _0\"></span>penses suc<span class=\"_ _0\"></span>h as reimbu<span class=\"_ _0\"></span>rsement<span class=\"_ _0\"></span> of part of healt<span class=\"_ _2b\"></span>h insurance</div>\n<div class=\"t m0 x7 h4f y8cf ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms, which<span class=\"_ _0\"></span> continue t<span class=\"_ _0\"></span>o be granted to e<span class=\"_ _2b\"></span>mployees after ret<span class=\"_ _0\"></span>ireme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y888 ff1df fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Defined c<span class=\"_ _2b\"></span>ontributio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y889 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ope<span class=\"_ _0\"></span>rates a num<span class=\"_ _2b\"></span>ber of defined contr<span class=\"_ _2b\"></span>ibution plans worl<span class=\"_ _2b\"></span>dwide. The</div>\n<div class=\"t m0 x7 h4f y88a ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">employe<span class=\"_ _2b\"></span>r\u2019s commitment<span class=\"_ _0\"></span> to a def<span class=\"_ _0\"></span>ined cont<span class=\"_ _2b\"></span>ribution pla<span class=\"_ _0\"></span>n is limit<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y88b ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span> of cont<span class=\"_ _0\"></span>ributio<span class=\"_ _2b\"></span>ns calculated <span class=\"_ _0\"></span>in accord<span class=\"_ _0\"></span>ance wit<span class=\"_ _2b\"></span>h the pl<span class=\"lse2 wsf1\">an\u2019s </span></div>\n<div class=\"t m0 x7 h4f y88c ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ions. E<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>r contri<span class=\"_ _0\"></span>butions t<span class=\"_ _2b\"></span>o defined cont<span class=\"_ _2b\"></span>ribution plan<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y88d ff1dd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amounte<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span><span class=\"lsfc ws0\">to EUR<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span>9 <span class=\"lse2 wsfa\">million in 20<span class=\"_ _2\"></span>22 (2021: EUR <span class=\"wsf1\">11 <span class=\"_ _2\"></span></span>million) and<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">are<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y88e ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in staff<span class=\"_ _0\"></span> expens<span class=\"_ _2b\"></span>es (see note <span class=\"lse2 wsf1\">40</span><span class=\"wsef\">).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88f ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y890 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In Belgi<span class=\"_ _0\"></span>um, Age<span class=\"_ _2b\"></span>as has defined c<span class=\"_ _2b\"></span>ontribution p<span class=\"_ _2b\"></span>lans in accord<span class=\"_ _0\"></span>ance wit<span class=\"_ _2b\"></span>h the</div>\n<div class=\"t m0 x7 h4f y891 ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Law o<span class=\"ws103\">f 28 April<span class=\"_ _2\"></span> 2003 regarding occupational<span class=\"_ _2\"></span> pensions (WAP/LPC </span></div>\n<div class=\"t m0 x1a h4f y14d9 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">plans).<span class=\"_ _0\"></span> These p<span class=\"_ _0\"></span>lans com<span class=\"_ _0\"></span>mit the <span class=\"_ _0\"></span>employ<span class=\"_ _0\"></span>er to th<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nt of</div>\n<div class=\"t m0 x1a h4f y14da ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contri<span class=\"_ _0\"></span>butions as<span class=\"_ _0\"></span> the plan\u2019s te<span class=\"_ _0\"></span>rms prov<span class=\"_ _0\"></span>ide, and to gu<span class=\"_ _0\"></span>arantee a mi<span class=\"_ _0\"></span>nimum</div>\n<div class=\"t m0 x1a h4f y14db ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">return l<span class=\"_ _0\"></span>inked t<span class=\"_ _0\"></span>o Belgia<span class=\"_ _2b\"></span>n government b<span class=\"_ _0\"></span>onds yiel<span class=\"_ _2b\"></span>ds, subject t<span class=\"_ _0\"></span>o a floor <span class=\"_ _0\"></span>of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14dc ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">1.75% a<span class=\"_ _0\"></span>nd a cap <span class=\"_ _0\"></span>of 3.75%.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14dd ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y14de ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The law of<span class=\"_ _0\"></span> 18 Dec<span class=\"_ _0\"></span>ember 2<span class=\"_ _0\"></span>015 to e<span class=\"_ _0\"></span>nsure th<span class=\"_ _0\"></span>e sustai<span class=\"_ _2b\"></span>nability and so<span class=\"_ _2b\"></span>cial</div>\n<div class=\"t m0 x1a h4f y14df ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">nature of<span class=\"_ _0\"></span> occup<span class=\"_ _0\"></span>ational <span class=\"_ _2b\"></span>pensions, and t<span class=\"_ _2b\"></span>o ensure the st<span class=\"_ _0\"></span>rengthe<span class=\"_ _0\"></span>ning of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y14e0 ff1dd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">additional cha<span class=\"_ _2\"></span>racter relative to the retir<span class=\"_ _2\"></span>ement pensions, modifie<span class=\"_ _2\"></span>s the</div>\n<div class=\"t m0 x1a h4f y14e1 ff1dd fs3a fc14 sc0 lsf4 ws114\" style=\"z-index: 15;\">commitment of the<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">employer to thes<span class=\"_ _0\"></span>e plans. As of<span class=\"_ _0\"></span> 1<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">January 2016<span class=\"_ _2\"></span>, the </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y14e2 ff1dd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">interest rate<span class=\"_ _2\"></span> guaranteed by the employer i<span class=\"_ _2\"></span>s equal to a percentage (equal<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y14e3 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to 65%) of the av<span class=\"_ _2b\"></span>erage return on th<span class=\"_ _0\"></span>e Belgian l<span class=\"_ _0\"></span>inear bon<span class=\"_ _0\"></span>ds with a ter<span class=\"_ _0\"></span>m of</div>\n<div class=\"t m0 x1a h4f y14e4 ff1dd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">10<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">years over t<span class=\"_ _0\"></span>he 24 months<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>prec<span class=\"_ _2b\"></span>eding to 1<span class=\"ls0 ws0\"> </span>June. This rat<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> <span class=\"ls106 ws115\">will take </span></span></span></div>\n<div class=\"t m0 x1a h4f y14e5 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">effect on 1<span class=\"ls0 ws0\"> </span>Ja<span class=\"_ _0\"></span>nuary of the fo<span class=\"_ _2b\"></span>llowing year. This c<span class=\"_ _0\"></span>alculat<span class=\"_ _2b\"></span>ion results in a</div>\n<div class=\"t m0 x1a h4f y14e6 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">guarant<span class=\"_ _0\"></span>eed int<span class=\"_ _0\"></span>erest<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">rate of<span class=\"_ _0\"></span> 1.75% on 1<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">January 2022 (1<span class=\"_ _2\"></span>.75% on 1 </span></span></span></div>\n<div class=\"t m0 x1a h4f y14e7 ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2021)<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14e8 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y14e9 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Because of<span class=\"_ _0\"></span> these mi<span class=\"_ _0\"></span>nimum ret<span class=\"_ _0\"></span>urn guara<span class=\"_ _0\"></span>ntees, WA<span class=\"_ _2b\"></span>P/LPC plans do not</div>\n<div class=\"t m0 x1a h4f y14ea ff1dd fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">meet, in a strict sense, th<span class=\"lse0 wsf0\">e definit<span class=\"_ _0\"></span>ion of defi<span class=\"_ _2b\"></span>ned contributio<span class=\"_ _0\"></span>n plans of IA<span class=\"_ _0\"></span>S </span></div>\n<div class=\"t m0 x1a h4f y14eb ff1dd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">19. Although IAS<span class=\"_ _2\"></span> 19 does not address the account<span class=\"_ _2\"></span>ing for hybrid plans,</div>\n<div class=\"t m0 x1a h4f y14ec ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the law cha<span class=\"_ _0\"></span>nge as at 1<span class=\"ls0 ws0\"> </span>Januar<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>16 facilit<span class=\"_ _0\"></span>ated acc<span class=\"_ _0\"></span>ounting f<span class=\"_ _0\"></span>or those</div>\n<div class=\"t m0 x1a h4f y14ed ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">plans appl<span class=\"_ _2\"></span>ying the Projected<span class=\"_ _2\"></span> Unit Credit Method<span class=\"_ _2\"></span>. Accordingly, Agea<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14ee ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">has estim<span class=\"_ _2b\"></span>ated the defined obl<span class=\"_ _2b\"></span>igation liabil<span class=\"_ _0\"></span>ities as of 1<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">January</span> <span class=\"lse2 wsf1\">2016 </span></span></div>\n<div class=\"t m0 x1a h4f y14ef ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">under IAS<span class=\"_ _2\"></span> 19.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14f0 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y14f1 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of the a<span class=\"_ _0\"></span>mounts s<span class=\"_ _0\"></span>hown in t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y14f2 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition as at 3<span class=\"_ _0\"></span>1 Decemb<span class=\"_ _0\"></span>er, regar<span class=\"_ _0\"></span>ding defin<span class=\"_ _0\"></span>ed</div>\n<div><br/></div>\n<div class=\"t m0 x1a h4f y14f3 ff1dd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefi<span class=\"lse0 wsf0\">t pension obl<span class=\"_ _0\"></span>igations a<span class=\"_ _2b\"></span>nd other post<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">employment be<span class=\"_ _2\"></span>nefits.</span></span></span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 520px; bottom: 579px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y605 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 565px; bottom: 608px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5f4 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 570px; bottom: 593px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 579px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 579px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y605 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 608px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 714px; bottom: 593px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 579px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y14f4 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y14f5 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Present value of funde<span class=\"_ _0\"></span>d obligations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 548px; z-index: 15;\">190<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 548px; z-index: 15;\">294<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Present value of unfun<span class=\"_ _0\"></span>ded obligations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 533px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 533px; z-index: 15;\">785<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 533px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 533px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff1e0 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 518px; z-index: 15;\">Define<span class=\"_ _2b\"></span>d benefit obli<span class=\"_ _2b\"></span>gation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 518px; z-index: 15;\">750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 518px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 518px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 518px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 504px; z-index: 15;\">Fair value of plan as<span class=\"_ _0\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 504px; z-index: 15;\">(238)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 504px; z-index: 15;\">(363)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff1e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 489px; z-index: 15;\">512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 489px; z-index: 15;\">716<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 489px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 489px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 474px; z-index: 15;\">Asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 474px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 474px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1dd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 459px; z-index: 15;\">Other amounts recognised in the statement of financial position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 459px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 459px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff1e0 fs3c fc1f sc0 lsf0 wsff\" style=\"left: 69px; bottom: 444px; z-index: 15;\">Net defin<span class=\"_ _2\"></span>ed benefit <span class=\"lse4 wsf6\">liabilities (assets)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 444px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 444px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 444px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 444px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1dd fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 414px; z-index: 15;\">Amounts in the statement of financial position:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 400px; z-index: 15;\">Defined benefit liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 400px; z-index: 15;\">576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 400px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 400px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 400px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 385px; z-index: 15;\">Defined benefit assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 385px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 385px; z-index: 15;\">(81)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 385px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 385px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 370px; z-index: 15;\">Net defined benefit liabilities (assets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 370px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 370px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 370px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 370px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 359px; height: 747px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 359px; height: 747px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Defined be<span class=\"_ _2b\"></span>nefit liabiliti<span class=\"_ _0\"></span>es are class<span class=\"_ _0\"></span>ified un<span class=\"_ _0\"></span>der accru<span class=\"_ _2b\"></span>ed interest and oth<span class=\"_ _0\"></span>er</div>\n<div class=\"t m0 x7 h4f y803 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies (see note 24) and def<span class=\"_ _0\"></span>ined ben<span class=\"_ _0\"></span>efit asset<span class=\"_ _0\"></span>s are class<span class=\"_ _2b\"></span>ified under</div>\n<div class=\"t m0 x7 h4f y804 ff1e2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">accrued interes<span class=\"_ _2\"></span>t and other assets (see note<span class=\"_ _2\"></span> 15).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y806 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">As Ageas i<span class=\"_ _2\"></span>s a financial <span class=\"_ _2\"></span>i<span class=\"ws103\">nstitution specialising<span class=\"_ _2\"></span> in the management of </span></div>\n<div class=\"t m0 x7 h4f y807 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">employee bene<span class=\"_ _2\"></span>fits, some of it<span class=\"_ _2\"></span>s employees\u2019 pension<span class=\"_ _2\"></span> plans are insured<span class=\"_ _2\"></span> by</div>\n<div class=\"t m0 x7 h4f y808 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ins<span class=\"_ _2b\"></span>urance compani<span class=\"_ _0\"></span>es. Under IF<span class=\"_ _0\"></span>RS, the ass<span class=\"_ _0\"></span>ets backi<span class=\"_ _2b\"></span>ng <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>ese</div>\n<div class=\"t m0 x7 h4f y809 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension p<span class=\"_ _0\"></span>lans are no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-</span>qualify<span class=\"_ _0\"></span>ing and co<span class=\"_ _0\"></span>nseque<span class=\"_ _0\"></span>ntly may not<span class=\"_ _0\"></span> be</div>\n<div class=\"t m0 x1a h4f y1506 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">considered p<span class=\"_ _2\"></span>lan<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">assets.<span class=\"_ _0\"></span> For this re<span class=\"_ _0\"></span>ason, thes<span class=\"_ _2b\"></span>e plans are classifi<span class=\"_ _2b\"></span>ed as </span></span></div>\n<div class=\"t m0 x1a h4f y1507 ff1e2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">\u2018unfunded\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc3d ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc3e ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">From an ec<span class=\"_ _0\"></span>onomic poi<span class=\"_ _0\"></span>nt of view, th<span class=\"_ _0\"></span>e net defi<span class=\"_ _0\"></span>ned liabili<span class=\"_ _0\"></span>ty is offset<span class=\"_ _0\"></span> by the</div>\n<div class=\"t m0 x1a h4f yc3f ff1e2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">qualifying <span class=\"_ _0\"></span>plan ass<span class=\"_ _0\"></span>ets that<span class=\"_ _0\"></span> are hel<span class=\"_ _2b\"></span>d within Ageas <span class=\"_ _0\"></span>(2022: E<span class=\"_ _0\"></span>UR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">543 </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yc40 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million; 20<span class=\"_ _2\"></span>21: EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">544<span class=\"ls0 ws0\"> </span></span>m<span class=\"_ _2\"></span>illion), resulting <span class=\"ls106 ws10c\">in a net liability<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">(asset)</span> </span><span class=\"lsf4\">of </span></span></div>\n<div class=\"t m0 x1a h4f yc41 ff1e2 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">(19)<span class=\"_ _2\"></span></span> <span class=\"lse2 ws103\">million in 2022 (2021<span class=\"_ _2\"></span>: EUR</span> <span class=\"lse0 wsf0\">184 milli<span class=\"_ _0\"></span>on) for def<span class=\"_ _0\"></span>ined benef<span class=\"_ _2b\"></span>it </span></span></div>\n<div class=\"t m0 x1a h4f yc42 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension o<span class=\"_ _0\"></span>bligati<span class=\"_ _2b\"></span>ons.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc43 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc44 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yc45 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The follo<span class=\"_ _0\"></span>wing tabl<span class=\"_ _0\"></span>e reflects<span class=\"_ _0\"></span> the chang<span class=\"_ _2b\"></span>es in net defined ben<span class=\"_ _0\"></span>efit liab<span class=\"_ _0\"></span>ilities (<span class=\"_ _0\"></span>assets) as<span class=\"_ _0\"></span> <span class=\"lse2 ws103\">recognised<span class=\"_ _2\"></span> in the statement of financial<span class=\"_ _2\"></span> position.<span class=\"ls0 ws0\"> </span></span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 878px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 562px; bottom: 907px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y608 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 893px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 878px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 878px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x247 h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 907px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y608 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 713px; bottom: 893px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 878px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc46 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff1e4 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 907px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 893px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 878px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 847px; z-index: 15;\">Net defined benefit liabilities<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">(assets) as at 1 January<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 847px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 847px; z-index: 15;\">825<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 847px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 847px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 833px; z-index: 15;\">Total defined benefit e<span class=\"_ _0\"></span>xpense <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 833px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 833px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 833px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 833px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 818px; z-index: 15;\">Employer's contributions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 526px; bottom: 818px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 818px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 818px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 818px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 803px; z-index: 15;\">Participants' contributions paid<span class=\"_ _0\"></span> to the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 803px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 803px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 803px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 803px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 788px; z-index: 15;\">Benefits directly paid by <span class=\"_ _0\"></span>the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 788px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 788px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 788px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 788px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 773px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y656 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 773px; z-index: 15;\">1</div>\n<div class=\"t m0 x2f h52 y656 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 773px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y656 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y656 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 758px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 758px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 758px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 758px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 758px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 743px; z-index: 15;\">Remeasurement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 743px; z-index: 15;\">(213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 743px; z-index: 15;\">(113)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 743px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 743px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 729px; z-index: 15;\">Net defined benefit liabilities<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">(assets) as at 31 Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 729px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 729px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 729px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 729px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1515 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1516 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y1517 ff1e2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> shows the changes in the defined<span class=\"_ _2\"></span> benefit obligation.<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 620px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 562px; bottom: 650px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y647 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 635px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 620px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 620px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x247 h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 650px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y647 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 713px; bottom: 635px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 620px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1518 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 635px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 536px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 709px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff1e4 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Define<span class=\"_ _2b\"></span>d benefit obli<span class=\"_ _2b\"></span>gation<span class=\"ls0 ws0\"> <span class=\"lse4 wsf3\">as at 1 January</span> </span></div>\n<div class=\"t m0 x1a6 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 514px; bottom: 590px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 590px; z-index: 15;\">1,169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 590px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 590px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 575px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 575px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y605 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 575px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y605 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 575px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y603 ff1e2 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st cost<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 560px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y603 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 560px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h52 y603 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 560px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y603 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 560px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y638 ff1e2 fs3c fc14 sc0 lse5 ws15d\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Past servi<span class=\"_ _0\"></span>ce cost <span class=\"ls0 ws0\">- <span class=\"lse4 wsf3\">vested and non</span>-<span class=\"lse4 wsf3\">vested benefits</span> </span></div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Remeasurement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 530px; z-index: 15;\">(320)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 530px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 530px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 530px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Participants' contributions paid<span class=\"_ _0\"></span> to the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 516px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 516px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 501px; z-index: 15;\">Benefits paid<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 501px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 501px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 501px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 501px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 486px; z-index: 15;\">Benefits directly paid by <span class=\"_ _0\"></span>the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 486px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 486px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 486px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 486px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 471px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 471px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 471px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y656 ff1e4 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 456px; z-index: 15;\">Define<span class=\"_ _2b\"></span>d benefit obli<span class=\"_ _2b\"></span>gation<span class=\"ls0 ws0\"> <span class=\"lse4 wsf3\">as at 31 December</span> </span></div>\n<div class=\"t m0 x24 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 456px; z-index: 15;\">750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 456px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 456px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 456px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1527 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1528 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1529 ff1e2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in the fair<span class=\"_ _2\"></span> value of plan assets.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y152a ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1e2 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 378px; z-index: 15;\">Defined benefit pension plan<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 378px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 378px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 362px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5fc ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 362px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5fc ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 362px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 347px; z-index: 15;\">Fair value of plan assets as at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f7 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 347px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f7 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 347px; z-index: 15;\">353<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc14 sc0 lse7 ws0\" style=\"left: 69px; bottom: 332px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st inco<span class=\"_ _2b\"></span>me<span class=\"ls0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 332px; z-index: 15;\">6</div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 332px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y601 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 317px; z-index: 15;\">Remeasurement (return on plan<span class=\"_ _0\"></span> assets, excluding effect o<span class=\"_ _2b\"></span>f<span class=\"_ _2\"></span> <span class=\"wsf6\">interest rate)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y601 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 317px; z-index: 15;\">(107)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y601 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 317px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 302px; z-index: 15;\">Employer's contributions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 302px; z-index: 15;\">3</div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 302px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 288px; z-index: 15;\">Benefits paid<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 288px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 288px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 273px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 273px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 273px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 258px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 258px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 258px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 243px; z-index: 15;\">Fair value of plan assets as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 243px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 243px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 232px; height: 874px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 232px; height: 874px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1e7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in the asse<span class=\"_ _2\"></span>t ceiling <span class=\"wsfa\">and/or minimum<span class=\"_ _2\"></span> funding requiremen<span class=\"_ _2\"></span>t.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y601 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y601 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1050px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff1e9 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> <span class=\"_ _1\"></span> <span class=\"lse4 wsf3\">as at 1 Ja<span class=\"_ _2b\"></span>nu<span class=\"_ _2\"></span>ary<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 xd2 h54 y608 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1020px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h54 y608 ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 791px; bottom: 1020px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Remeasurement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 xb8 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 1005px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y608 ff1e9 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> <span class=\"lse4 wsf3\">as at 31 December</span> </span></div>\n<div class=\"t m0 xd2 h54 y608 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 990px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y608 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 990px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1545 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1546 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1547 ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The asset c<span class=\"_ _0\"></span>eiling r<span class=\"_ _0\"></span>elates to Ag<span class=\"_ _0\"></span>eas <span class=\"lse2 wsf1\">entities <span class=\"wsfa\">in Por<span class=\"_ _2\"></span>tugal<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y1548 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1549 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the c<span class=\"_ _2b\"></span>omponents aff<span class=\"_ _2b\"></span>ecting the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement t<span class=\"_ _0\"></span>hat relat<span class=\"_ _2b\"></span>e to the defin<span class=\"_ _0\"></span>ed benef<span class=\"_ _0\"></span>it pens<span class=\"_ _0\"></span>ion plans<span class=\"_ _0\"></span> and <span class=\"lse2 ws103\">other post<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">employment </span></span></div>\n<div class=\"t m0 x7 h4f y154a ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>e year en<span class=\"_ _0\"></span>ded 31 D<span class=\"_ _0\"></span>ecembe<span class=\"_ _0\"></span>r.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y154b ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 864px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f2 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 505px; bottom: 864px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">pen<span class=\"_ _2\"></span>sion</span> <span class=\"_ _2\"></span></span>plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f2 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 669px; bottom: 864px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>-<span class=\"lsec wsfe\">empl<span class=\"_ _2\"></span>oyment</span> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 849px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 849px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 849px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 849px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff1e7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 819px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y1550 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 819px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y1550 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 819px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y1550 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 819px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y1550 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 819px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5f9 ff1e7 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 804px; z-index: 15;\">Net interest cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 804px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 804px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 804px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 804px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y63a ff1e7 fs3c fc14 sc0 lse5 ws15d\" style=\"left: 69px; bottom: 789px; z-index: 15;\">Past servi<span class=\"_ _0\"></span>ce cost <span class=\"ls0 ws0\">- <span class=\"lse4 wsf3\">vested and non</span>-<span class=\"lse4 wsf3\">vested benefits</span> </span></div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1e7 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 774px; z-index: 15;\">Sett<span class=\"_ _2\"></span>lements<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff1e9 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Total de<span class=\"_ _0\"></span>fined<span class=\"_ _2b\"></span> benefit expens<span class=\"_ _0\"></span>e <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y63a ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 527px; bottom: 759px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y63a ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 615px; bottom: 759px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y63a ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 705px; bottom: 759px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h54 y63a ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 759px; z-index: 15;\">5</div>\n<div class=\"t m0 x7 h4f y1555 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1556 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1557 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Net inte<span class=\"_ _0\"></span>rest cos<span class=\"_ _0\"></span>t and ot<span class=\"_ _0\"></span>her ar<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>ed in fin<span class=\"_ _0\"></span>ancing c<span class=\"_ _2b\"></span>osts (see note <span class=\"_ _0\"></span><span class=\"wsef\">37<span class=\"wsfa\">). All ot<span class=\"_ _2b\"></span>her items are i<span class=\"_ _2b\"></span>ncluded in staf<span class=\"_ _0\"></span>f exp<span class=\"_ _0\"></span>enses (s<span class=\"_ _0\"></span>ee note 4<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">0<span class=\"_ _2\"></span><span class=\"lse0 wsef\">).</span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1558 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1559 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the c<span class=\"_ _2b\"></span>omposition of <span class=\"_ _0\"></span>remeas<span class=\"_ _0\"></span>urements<span class=\"_ _0\"></span> for the <span class=\"lse2\">y<span class=\"_ _0\"></span>ear ended 31<span class=\"_ _2\"></span> December.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y155a ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5ff ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 505px; bottom: 650px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">pen<span class=\"_ _2\"></span>sion</span> <span class=\"_ _2\"></span></span>plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5ff ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 669px; bottom: 650px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>-<span class=\"lsec wsfe\">empl<span class=\"_ _2\"></span>oyment</span> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 636px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 636px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 636px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 636px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 636px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1e7 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 605px; z-index: 15;\">Return on plan assets, <span class=\"_ _2b\"></span>ex<span class=\"_ _2\"></span>cluding ef<span class=\"_ _0\"></span>fect of interest rate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 605px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y647 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 605px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Remeasurement on asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 590px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1e7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Actuarial (gains) losses with regard to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 561px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">change in demographic assumptions</span> </div>\n<div class=\"t m0 x7 h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 561px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 561px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 561px; z-index: 15;\">5</div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 561px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 546px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">change in financial assumptions</span> </div>\n<div class=\"t m0 x1f0 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 546px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 546px; z-index: 15;\">(86)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 546px; z-index: 15;\">(53)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 546px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 531px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">experience adjustments</span> </div>\n<div class=\"t m0 x44 h52 y5f4 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 531px; z-index: 15;\">0</div>\n<div class=\"t m0 x7 h52 y5f4 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 531px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 531px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 531px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Remeasurement on net defined liability (asset)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 516px; z-index: 15;\">(213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 516px; z-index: 15;\">(113)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 694px; bottom: 516px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 516px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1565 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1566 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1567 ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rement of the net defi<span class=\"_ _0\"></span>ned benef<span class=\"_ _0\"></span>it liabi<span class=\"_ _0\"></span>lity is rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d in other</div>\n<div class=\"t m0 x7 h4f y1568 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _0\"></span> Remea<span class=\"_ _0\"></span>surement<span class=\"_ _2b\"></span>s of plan assets<span class=\"_ _2b\"></span> are mainly the</div>\n<div class=\"t m0 x7 h4f y1569 ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nce betw<span class=\"_ _0\"></span>een actual ret<span class=\"_ _2b\"></span>urn on plan assets an<span class=\"_ _0\"></span>d expect<span class=\"_ _0\"></span>ed disco<span class=\"_ _0\"></span>unt</div>\n<div class=\"t m0 x7 h4f y156a ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rate. Re<span class=\"_ _0\"></span>measur<span class=\"_ _0\"></span>ements of<span class=\"_ _2b\"></span> defined benef<span class=\"_ _0\"></span>it obli<span class=\"_ _2b\"></span>gations reflec<span class=\"_ _0\"></span>t the ch<span class=\"_ _0\"></span>ange</div>\n<div class=\"t m0 x7 h4f y156b ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in actuar<span class=\"_ _0\"></span>ial assum<span class=\"_ _2b\"></span>ptions (i.e. demog<span class=\"_ _2b\"></span>raphic and financ<span class=\"_ _2b\"></span>ial assumptions<span class=\"_ _0\"></span>)</div>\n<div class=\"t m0 x7 h4f y156c ff1e7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the experien<span class=\"_ _2\"></span>ce adjustment. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y156d ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y156e ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Experie<span class=\"_ _0\"></span>nce adjus<span class=\"_ _0\"></span>tments a<span class=\"_ _0\"></span>re actua<span class=\"_ _0\"></span>rial gains an<span class=\"_ _0\"></span>d losses that<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ari<span class=\"_ _0\"></span>se</div>\n<div class=\"t m0 x1a h4f y156f ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because of<span class=\"_ _0\"></span> differe<span class=\"_ _0\"></span>nces betw<span class=\"_ _2b\"></span>een the actuarial as<span class=\"_ _0\"></span>sumpt<span class=\"_ _0\"></span>ions mad<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">at the </span></div>\n<div class=\"t m0 x1a h4f y1570 ff1e7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">beginning of th<span class=\"_ _2\"></span>e year and actual experience<span class=\"_ _2\"></span> during the year.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 364px; height: 742px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 364px; height: 742px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1ec fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">following tab<span class=\"_ _0\"></span>le reflec<span class=\"_ _0\"></span>ts the weig<span class=\"_ _2b\"></span>hted average dur<span class=\"_ _0\"></span>ation of the d<span class=\"_ _0\"></span>efined be<span class=\"_ _2b\"></span>nefit obligatio<span class=\"_ _0\"></span>n in years.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y601 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 563px; bottom: 1065px; z-index: 15;\">Defined benefit <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y601 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 569px; bottom: 1050px; z-index: 15;\">pension plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x247 h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 751px; bottom: 1065px; z-index: 15;\">Other post<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x5d h52 y601 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 713px; bottom: 1050px; z-index: 15;\">employment benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Weighted average duration o<span class=\"_ _0\"></span>f defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1020px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1020px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1573 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1574 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1575 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the <span class=\"_ _0\"></span>princip<span class=\"_ _0\"></span>al actu<span class=\"_ _0\"></span>arial ass<span class=\"_ _2b\"></span>umptions mad<span class=\"_ _0\"></span>e for th<span class=\"_ _0\"></span>e euroz<span class=\"_ _0\"></span>one count<span class=\"_ _2b\"></span>ries.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1576 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 941px; z-index: 15;\">  </div>\n<div class=\"t m0 x1f1 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 507px; bottom: 941px; z-index: 15;\">Defined benefit pension plan<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 669px; bottom: 941px; z-index: 15;\">Other <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"wsf3\">empl<span class=\"_ _2\"></span>oyment be<span class=\"_ _2\"></span>nefits<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 926px; z-index: 15;\">  </div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 496px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 521px; bottom: 926px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 581px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 926px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 667px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 692px; bottom: 926px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 753px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 926px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 911px; z-index: 15;\">  </div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 481px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 521px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 566px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 606px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 652px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 692px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 738px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 777px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 581px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 667px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 753px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">Disc<span class=\"_ _2\"></span>ount rat<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 881px; z-index: 15;\">3.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 881px; z-index: 15;\">4.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 881px; z-index: 15;\">0.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 881px; z-index: 15;\">1.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 647px; bottom: 881px; z-index: 15;\">3.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 881px; z-index: 15;\">4.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 881px; z-index: 15;\">1.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 881px; z-index: 15;\">1.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 866px; z-index: 15;\">Future salary increases <span class=\"_ _0\"></span>(price inflation included)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 866px; z-index: 15;\">2.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 866px; z-index: 15;\">5.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 866px; z-index: 15;\">1.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 866px; z-index: 15;\">4.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 667px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 753px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1ec fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 851px; z-index: 15;\">Futu<span class=\"_ _2\"></span>re pensio<span class=\"_ _2\"></span>n <span class=\"lse4 wsf3\">increases (price<span class=\"_ _0\"></span> inflation included)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 851px; z-index: 15;\">2.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 851px; z-index: 15;\">3.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 851px; z-index: 15;\">1.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 851px; z-index: 15;\">1.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 667px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 753px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 836px; z-index: 15;\">Medical cost trend rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 581px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 647px; bottom: 836px; z-index: 15;\">2.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 836px; z-index: 15;\">4.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 836px; z-index: 15;\">2.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 836px; z-index: 15;\">3.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y157c ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y157d ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y157e ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate for p<span class=\"_ _0\"></span>ensions<span class=\"_ _0\"></span> is weighte<span class=\"_ _0\"></span>d by the net def<span class=\"_ _0\"></span>ined benef<span class=\"_ _2b\"></span>it</div>\n<div class=\"t m0 x7 h4f y157f ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y (asset<span class=\"_ _0\"></span>) on pension<span class=\"_ _0\"></span>s. The larg<span class=\"_ _0\"></span>est pensi<span class=\"_ _2b\"></span>on schemes are in</div>\n<div class=\"t m0 x7 h4f y1580 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Belgiu<span class=\"_ _0\"></span>m, with d<span class=\"_ _0\"></span>iscount <span class=\"_ _0\"></span>rates v<span class=\"_ _0\"></span>arying f<span class=\"_ _2b\"></span>rom 3.80% to 4.<span class=\"_ _2b\"></span>10%. The futur<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y1581 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">salary i<span class=\"_ _0\"></span>ncreas<span class=\"_ _0\"></span>es varied <span class=\"_ _2b\"></span>in 2022 from 2.<span class=\"_ _0\"></span>90% fo<span class=\"_ _0\"></span>r the <span class=\"lse2 ws103\">older employee </span></div>\n<div class=\"t m0 x7 h4f y1582 ff1ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">group to 5.80% for<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span><span class=\"wsfa\">the younger on<span class=\"_ _2\"></span>es.</span></div>\n<div class=\"t m0 x1a h4f y1583 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the <span class=\"_ _0\"></span>princip<span class=\"_ _0\"></span>al actu<span class=\"_ _0\"></span>arial ass<span class=\"_ _2b\"></span>umptions mad<span class=\"_ _0\"></span>e for</div>\n<div class=\"t m0 x1a h4f y1584 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>ountries<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x7 h4f y1585 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1586 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 679px; z-index: 15;\">Defined benefit pension plan<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y656 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 679px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y656 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 679px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 663px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f7 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 663px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f7 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 663px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 649px; z-index: 15;\">Discount rate <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 649px; z-index: 15;\">4.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 649px; z-index: 15;\">1.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff1ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Future salary increases (price <span class=\"wsf3\">inflation included)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y647 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y647 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y158b ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y158c ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y158d ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The euroz<span class=\"_ _2b\"></span>one represents <span class=\"lse2 wsf1\">83%<span class=\"ls0 ws0\"> </span></span>of Ageas\u2019<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>tot<span class=\"_ _0\"></span>al define<span class=\"_ _2b\"></span>d benefit</div>\n<div class=\"t m0 x7 h4f y158e ff1ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">obligations<span class=\"_ _2\"></span>. Other countries include onl<span class=\"_ _2\"></span>y obligations in the United</div>\n<div class=\"t m0 x7 h4f y158f ff1ec fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Kingdom. Pos<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">employ<span class=\"_ _2b\"></span>ment benefits i<span class=\"_ _0\"></span>n countries<span class=\"_ _0\"></span> outsid<span class=\"_ _0\"></span>e the euro<span class=\"ls0 ws0\">-</span><span class=\"wsef\">zone </span></span></span></div>\n<div class=\"t m0 x7 h4f y1590 ff1ec fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and the <span class=\"_ _2\"></span>United Kingdom are n<span class=\"_ _2\"></span>ot regarded as <span class=\"_ _2\"></span>significant. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1591 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1592 ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A one perce<span class=\"_ _0\"></span>nt change i<span class=\"_ _0\"></span>n the actua<span class=\"_ _0\"></span>rial assu<span class=\"_ _2b\"></span>mptions would hav<span class=\"_ _0\"></span>e the</div>\n<div class=\"t m0 x1a h4f y1593 ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing effect<span class=\"_ _0\"></span> on the define<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>ben<span class=\"_ _0\"></span>efit oblig<span class=\"_ _0\"></span>ation for d<span class=\"_ _0\"></span>efined be<span class=\"_ _0\"></span>nefit</div>\n<div><br/></div>\n<div class=\"t m0 x1a h4f y1594 ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension p<span class=\"_ _0\"></span>lans and ot<span class=\"_ _0\"></span>her post<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">employment benefits.</span></span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 519px; bottom: 462px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 564px; bottom: 492px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y647 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 570px; bottom: 477px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 462px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 462px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 492px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y647 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 714px; bottom: 477px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 462px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1595 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 492px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 462px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 432px; z-index: 15;\">Defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 432px; z-index: 15;\">750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 432px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 432px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 432px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 402px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed discount rate:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 387px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 387px; z-index: 15;\">(11.0%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 387px; z-index: 15;\">(13.0%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 679px; bottom: 387px; z-index: 15;\">(16.8%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 387px; z-index: 15;\">(19.3%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 373px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 373px; z-index: 15;\">12.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 373px; z-index: 15;\">16.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 373px; z-index: 15;\">18.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 373px; z-index: 15;\">25.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 343px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed future salary in<span class=\"_ _0\"></span>crease:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 328px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x160 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 328px; z-index: 15;\">12.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 328px; z-index: 15;\">12.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 313px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x19b h52 y63a ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 313px; z-index: 15;\">(10.6%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 313px; z-index: 15;\">(10.2%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 313px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 313px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 283px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed pension increase:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 269px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 269px; z-index: 15;\">8.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 269px; z-index: 15;\">9.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 269px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 269px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 254px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x160 h52 y647 ff1ec fs3c fc14 sc0 lsec wsfe\" style=\"left: 514px; bottom: 254px; z-index: 15;\">(7.<span class=\"_ _2\"></span>3%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff1ec fs3c fc14 sc0 lsec wsfe\" style=\"left: 599px; bottom: 254px; z-index: 15;\">(7.<span class=\"_ _2\"></span>8%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 243px; height: 863px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 243px; height: 863px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A one perce<span class=\"_ _0\"></span>nt change i<span class=\"_ _0\"></span>n assumed m<span class=\"_ _2b\"></span>edical cost trend ra<span class=\"_ _2b\"></span>tes would have the fol<span class=\"_ _0\"></span>lowing ef<span class=\"_ _0\"></span>fect on the def<span class=\"_ _2b\"></span>ined benefit obl<span class=\"_ _0\"></span>igation f<span class=\"_ _0\"></span>o<span class=\"lsf3 wsf1\">r medical costs.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y5ff ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 743px; bottom: 1065px; z-index: 15;\">Medical<span class=\"ls0 ws0\"> </span>Care<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y601 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y601 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1050px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1020px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1020px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed medical costs a<span class=\"_ _2b\"></span>nd tr<span class=\"_ _2\"></span>end <span class=\"_ _0\"></span>rates:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x2a2 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 975px; z-index: 15;\">20.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 975px; z-index: 15;\">26.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 960px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x126 h52 y5f2 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 960px; z-index: 15;\">(15.9%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f2 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 960px; z-index: 15;\">(20.0%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15bc ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15bd ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15be ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The ass<span class=\"_ _0\"></span>et mix of t<span class=\"_ _2b\"></span>he plan assets<span class=\"_ _0\"></span> for pen<span class=\"_ _0\"></span>sion ob<span class=\"_ _0\"></span>ligatio<span class=\"_ _2b\"></span>ns is as follows<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15bf ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a7 h52 y60e ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 462px; bottom: 882px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 617px; bottom: 882px; z-index: 15;\">%</div>\n<div class=\"t m0 x1a7 h52 y60e ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 635px; bottom: 882px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 789px; bottom: 882px; z-index: 15;\">%</div>\n<div class=\"t m0 x14d h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f0 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 851px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 851px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 851px; z-index: 15;\">13.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 851px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 851px; z-index: 15;\">11.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 836px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 836px; z-index: 15;\">151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 836px; z-index: 15;\">63.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 836px; z-index: 15;\">230<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 836px; z-index: 15;\">63.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 822px; z-index: 15;\">Insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 822px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 822px; z-index: 15;\">10.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 822px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 822px; z-index: 15;\">7.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1f0 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 807px; z-index: 15;\">Real<span class=\"_ _2\"></span> estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 807px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 807px; z-index: 15;\">10.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 807px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 807px; z-index: 15;\">8.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff1f0 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 792px; z-index: 15;\">Cash <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y63a ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 792px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 792px; z-index: 15;\">1.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y63a ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 792px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f0 h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 792px; z-index: 15;\">1.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 777px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5ff ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 777px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 777px; z-index: 15;\">1.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 777px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 777px; z-index: 15;\">8.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff1f3 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 762px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 762px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 762px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 762px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 762px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15c6 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15c7 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15c8 ff1f0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The plan assets<span class=\"_ _2\"></span> comprise predominantly fix<span class=\"_ _2\"></span>ed income securities,</div>\n<div class=\"t m0 x7 h4f y15c9 ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ed by equi<span class=\"_ _0\"></span>ty sec<span class=\"_ _0\"></span>urities<span class=\"_ _0\"></span>, real est<span class=\"_ _2b\"></span>ate (funds) a<span class=\"_ _0\"></span>nd invest<span class=\"_ _2b\"></span>ment</div>\n<div class=\"t m0 x7 h4f y15ca ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h insura<span class=\"_ _0\"></span>nce comp<span class=\"_ _0\"></span>anies. Age<span class=\"_ _0\"></span>as\u2019s inte<span class=\"_ _2b\"></span>rnal investment p<span class=\"_ _0\"></span>olicy</div>\n<div class=\"t m0 x7 h4f y15cb ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stipula<span class=\"_ _0\"></span>tes that in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span> in derivat<span class=\"_ _2b\"></span>ives and emergin<span class=\"_ _0\"></span>g <span class=\"wsfa\">markets f<span class=\"_ _0\"></span>or the </span></div>\n<div class=\"t m0 x1a h4f y15cc ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">purpos<span class=\"_ _0\"></span>e of fun<span class=\"_ _0\"></span>ding pens<span class=\"_ _2b\"></span>ion plans is t<span class=\"_ _0\"></span>o be avoid<span class=\"_ _2b\"></span>ed. The amount<span class=\"_ _2b\"></span> in</div>\n<div class=\"t m0 x1a h4f y15cd ff1f0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">\u2018Other\u2019 relate<span class=\"_ _2\"></span>s to two diversified funds in<span class=\"_ _2\"></span> the United Kingdom.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y15ce ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y15cf ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The mix <span class=\"_ _0\"></span>of the un<span class=\"_ _0\"></span>qualif<span class=\"_ _0\"></span>ied asset<span class=\"_ _2b\"></span>s for pension o<span class=\"_ _2b\"></span>bligations is as<span class=\"_ _0\"></span> follows<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x7 h4f y15d0 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15d1 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 621px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a7 h52 y5ff ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 462px; bottom: 621px; z-index: 15;\">31 <span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x146 h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 617px; bottom: 621px; z-index: 15;\">%</div>\n<div class=\"t m0 x1a7 h52 y5ff ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 635px; bottom: 621px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 789px; bottom: 621px; z-index: 15;\">%</div>\n<div class=\"t m0 x14d h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1f0 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 590px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 590px; z-index: 15;\">7.<span class=\"ls0 ws0\">4% </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 590px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 590px; z-index: 15;\">7.<span class=\"ls0 ws0\">2% </span></div>\n<div class=\"t m0 x14d h52 y605 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y605 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 575px; z-index: 15;\">43<span class=\"ls0 ws0\">0 </span></div>\n<div class=\"t m0 x160 h52 y605 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 575px; z-index: 15;\">7<span class=\"lse4 wsf4\">9.2</span>%</div>\n<div class=\"t m0 x24 h52 y605 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 575px; z-index: 15;\">431<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 771px; bottom: 575px; z-index: 15;\">7<span class=\"lse4 wsf4\">9.2</span>%</div>\n<div class=\"t m0 x14d h52 y603 ff1f0 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Real<span class=\"_ _2\"></span> estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 560px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 560px; z-index: 15;\">10.1<span class=\"ls0 ws0\">% </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 560px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 560px; z-index: 15;\">10.<span class=\"ls0 ws0\">7% </span></div>\n<div class=\"t m0 x14d h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Convertible bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 545px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 545px; z-index: 15;\">2.<span class=\"ls0 ws0\">6% </span></div>\n<div class=\"t m0 x74 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 545px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 545px; z-index: 15;\">2.<span class=\"ls0 ws0\">4% </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 531px; z-index: 15;\">Cash<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 531px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 531px; z-index: 15;\">0.7%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 531px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 531px; z-index: 15;\">0.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff1f3 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y70b ff1f3 fs3c fc1f sc0 ls0 ws0\" style=\"left: 522px; bottom: 516px; z-index: 15;\">5<span class=\"lse4 wsf4\">43</span> </div>\n<div class=\"t m0 x162 h54 y70b ff1f3 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 516px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y70b ff1f3 fs3c fc1f sc0 ls0 ws0\" style=\"left: 695px; bottom: 516px; z-index: 15;\">5<span class=\"lse4 wsf4\">44</span> </div>\n<div class=\"t m0 x162 h54 y70b ff1f3 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 516px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15da ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15db ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15dc ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas gra<span class=\"_ _0\"></span>dually a<span class=\"_ _0\"></span>djusts its as<span class=\"_ _2b\"></span>set allocatio<span class=\"_ _0\"></span>n policy to ens<span class=\"_ _0\"></span>ure a close</div>\n<div class=\"t m0 x7 h4f y15dd ff1f0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">match between<span class=\"_ _2\"></span> the duration of assets and that of<span class=\"_ _2\"></span> pension liabilities.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15de ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y15df ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The empl<span class=\"_ _0\"></span>oyer\u2019s<span class=\"_ _0\"></span> contribut<span class=\"_ _2b\"></span>ions expecte<span class=\"_ _0\"></span>d to be pa<span class=\"_ _0\"></span>id into <span class=\"_ _2b\"></span>po<span class=\"lse1 wsf0\">st<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span><span class=\"wsef\">empl<span class=\"_ _2b\"></span>oyment </span></div>\n<div class=\"t m0 x1a h4f y15e0 ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span> plans fo<span class=\"_ _2b\"></span>r the year end<span class=\"_ _0\"></span>ing 31 Dec<span class=\"_ _2b\"></span>ember <span class=\"lse2\">2022 are<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span>as fol<span class=\"_ _2b\"></span>lows.</div>\n<div class=\"t m0 x7 h4f y15e1 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x1d h52 y60e ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 736px; bottom: 406px; z-index: 15;\">Defined benefit <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 391px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f4 h52 y5f9 ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 742px; bottom: 391px; z-index: 15;\">pension plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y60e ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 360px; z-index: 15;\">Expected contribution next year to plan assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 360px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 346px; z-index: 15;\">Expected contribution next year to unqualified plan assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 346px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 335px; height: 771px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 335px; height: 771px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1f5 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.1.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Other <span class=\"lse2 wsf1\">long</span></span>-<span class=\"lse0 wsf0\">term employee ben<span class=\"_ _0\"></span>efits<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1f5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Other long<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term em<span class=\"_ _0\"></span>ployee b<span class=\"_ _0\"></span>enefits i<span class=\"_ _0\"></span>nclude lo<span class=\"_ _2b\"></span>ng<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">serv<span class=\"_ _0\"></span>ice aw<span class=\"_ _0\"></span>ards. Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow s<span class=\"_ _0\"></span>hows net <span class=\"_ _2b\"></span>liabilities. T<span class=\"_ _0\"></span>he liab<span class=\"_ _0\"></span>ilities <span class=\"_ _0\"></span>related t<span class=\"_ _2b\"></span>o other long<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">term em<span class=\"_ _0\"></span>ployee </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s are inc<span class=\"_ _2b\"></span>luded in the stat<span class=\"_ _2b\"></span>ement of fina<span class=\"_ _0\"></span>ncial pos<span class=\"_ _2b\"></span>ition under ac<span class=\"_ _0\"></span>crued<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">in<span class=\"_ _0\"></span>terest an<span class=\"_ _0\"></span>d other liabi<span class=\"_ _2b\"></span>lities (see note 24).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1033px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y5ff ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5ff ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y601 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y601 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1003px; z-index: 15;\">Defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 622px; bottom: 1003px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1003px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff1f8 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 988px; z-index: 15;\">Net defined benefit liabilities (assets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y605 ff1f8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 622px; bottom: 988px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y605 ff1f8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 988px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12a9 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12aa ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15ea ff1f5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties for other long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">ter<span class=\"_ _2b\"></span>m <span class=\"_ _2\"></span>em<span class=\"_ _0\"></span>ployee be<span class=\"_ _0\"></span>nefits dur<span class=\"_ _0\"></span>ing the <span class=\"lse2 wsf1\">year.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y15eb ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y603 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 910px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 910px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y608 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y608 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1f5 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 879px; z-index: 15;\">Net liability as at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f4 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 622px; bottom: 879px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f4 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 879px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 864px; z-index: 15;\">Total expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 864px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 864px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 849px; z-index: 15;\">Benefits directly paid by <span class=\"_ _0\"></span>the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 849px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 849px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1f5 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Net liability as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y608 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 622px; bottom: 835px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y608 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 835px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15f2 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15f3 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15f4 ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es the ra<span class=\"_ _2b\"></span>nge of actuaria<span class=\"_ _0\"></span>l assum<span class=\"_ _0\"></span>ptions a<span class=\"_ _2b\"></span>pplied when <span class=\"lse2 ws103\">calculating the liabiliti<span class=\"_ _2\"></span>es for other long<span class=\"ls0 ws0\">-</span>term emp<span class=\"_ _2\"></span>loyee benefits.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y15f5 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y60e ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 715px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y60e ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 756px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 741px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff1f5 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 616px; bottom: 741px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 699px; bottom: 741px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff1f5 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 778px; bottom: 741px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 634px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1f5 fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 711px; z-index: 15;\">Disc<span class=\"_ _2\"></span>ount rat<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 711px; z-index: 15;\">3.17%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 711px; z-index: 15;\">3.82%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 711px; z-index: 15;\">0.32%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 711px; z-index: 15;\">0.70%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 696px; z-index: 15;\">Future salary increases<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 696px; z-index: 15;\">3.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 696px; z-index: 15;\">5.90%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 696px; z-index: 15;\">2.10%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 696px; z-index: 15;\">4.20%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15fa ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15fb ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15fc ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Expenses<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>ed to ot<span class=\"_ _0\"></span>her long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term empl<span class=\"_ _0\"></span>oyee benef<span class=\"_ _0\"></span>its are sho<span class=\"_ _2b\"></span>wn below. Interest c<span class=\"_ _0\"></span>ost is incl<span class=\"_ _0\"></span>uded in fin<span class=\"_ _0\"></span>ancing cos<span class=\"_ _2b\"></span>ts (see note <span class=\"wsef\">37</span>), all<span class=\"_ _0\"></span> other expens<span class=\"_ _2b\"></span>es are </span></span></div>\n<div class=\"t m0 x7 h4f y15fd ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in staff expe<span class=\"_ _2b\"></span>nses (see note 4<span class=\"ls0 ws0\">0</span><span class=\"wsef\">).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y15fe ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 601px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y5f7 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 601px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f7 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 601px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5fc ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5fc ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1f5 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 571px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y647 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 571px; z-index: 15;\">1</div>\n<div class=\"t m0 x4a h52 y647 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 571px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5ff ff1f5 fs3c fc14 sc0 lse8 ws10b\" style=\"left: 69px; bottom: 556px; z-index: 15;\">Net <span class=\"lse4 wsf3\">actuarial losses (gains) recognised imme<span class=\"_ _0\"></span>diately<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5ff ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 556px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 556px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff1f8 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 541px; z-index: 15;\">Total<span class=\"_ _2\"></span> expense <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y647 ff1f8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 621px; bottom: 541px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y647 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 541px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1604 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1605 ff1f5 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">6<span class=\"lsf4 ws10c\">.1.3</span> <span class=\"_ _1af\"> </span><span class=\"lse0 wsf0\">Termi<span class=\"_ _0\"></span>nation be<span class=\"_ _0\"></span>nefits<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1606 ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Terminat<span class=\"_ _2b\"></span>ion benefits are e<span class=\"_ _0\"></span>mployee b<span class=\"_ _0\"></span>enefits p<span class=\"_ _2b\"></span>ayable as a result of eit<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x7 h4f y1607 ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an enterp<span class=\"_ _0\"></span>rise\u2019s de<span class=\"_ _0\"></span>cision t<span class=\"_ _0\"></span>o terminat<span class=\"_ _0\"></span>e an employ<span class=\"_ _0\"></span>ee\u2019s empl<span class=\"_ _2b\"></span>oyment before</div>\n<div class=\"t m0 x7 h4f y1608 ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the norm<span class=\"_ _2b\"></span>al retirement d<span class=\"_ _0\"></span>ate, or <span class=\"_ _0\"></span>an employ<span class=\"_ _2b\"></span>ee\u2019s decisio<span class=\"_ _0\"></span>n to acc<span class=\"_ _0\"></span>ept</div>\n<div class=\"t m0 x7 h4f y1609 ff1f5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">voluntary <span class=\"_ _2\"></span>redundancy in exchang<span class=\"_ _2\"></span>e for those bene<span class=\"_ _2\"></span>fi<span class=\"lsf4 ws10c\">ts. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y160a ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y160b ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y160c ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below shows<span class=\"_ _0\"></span> liabil<span class=\"_ _0\"></span>ities relat<span class=\"_ _2b\"></span>ed to termination b<span class=\"_ _2b\"></span>enefits include<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x1a h4f y160d ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in the stat<span class=\"_ _0\"></span>ement of fina<span class=\"_ _2b\"></span>ncial position u<span class=\"_ _0\"></span>nder accru<span class=\"_ _0\"></span>ed inter<span class=\"_ _0\"></span>est and othe<span class=\"_ _2b\"></span>r</div>\n<div class=\"t m0 x1a h4f y160e ff1f5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liabilities (s<span class=\"_ _2\"></span>ee note 2<span class=\"ls0 ws0\">4<span class=\"lse0 wsef\">).</span></span></div>\n<div class=\"t m0 x7 h4f y160f ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1610 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 384px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y605 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 384px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 384px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y603 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y603 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 354px; z-index: 15;\">Defined benefit <span class=\"wsf4\">obligation<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x4a h52 y608 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 354px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h52 y608 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 354px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h54 y5f4 ff1f8 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 339px; z-index: 15;\">Net defined benefit liabilities (assets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h54 y5f4 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 339px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h54 y5f4 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 339px; z-index: 15;\">5</div>\n<div class=\"t m0 x7 h4f y1615 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1616 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1617 ff1f5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties for terminatio<span class=\"lse0 wsf0\">n benefits durin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e year.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1618 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 260px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y638 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 260px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y638 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 260px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 244px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5f4 ff1f7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 244px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5f4 ff1f7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 244px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff1f8 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 230px; z-index: 15;\">Net liability as at 1<span class=\"_ _0\"></span> January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h54 y638 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 230px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h54 y638 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 230px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 215px; z-index: 15;\">Total expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 215px; z-index: 15;\">1</div>\n<div class=\"t m0 x4a h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 215px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y70b ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 200px; z-index: 15;\">Benefits directly paid <span class=\"wsf6\">by the employer<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y70b ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 200px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y70b ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 200px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff1f8 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 185px; z-index: 15;\">Net liability as at 31<span class=\"_ _0\"></span> December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h54 y60e ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 185px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h54 y60e ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 185px; z-index: 15;\">5</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 174px; height: 932px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 174px; height: 932px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Expenses<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>erminati<span class=\"_ _0\"></span>on ben<span class=\"_ _0\"></span>efits ar<span class=\"_ _0\"></span>e shown <span class=\"_ _0\"></span>below.<span class=\"_ _0\"></span> Interes<span class=\"_ _0\"></span>t cost i<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>ed in <span class=\"ls0 ws0\">f</span><span class=\"wsf0\">inanci<span class=\"_ _2b\"></span>ng costs (see <span class=\"ls0 ws0\">n<span class=\"lsfc ws115\">ote</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">37</span></span>). All ot<span class=\"_ _0\"></span>her expen<span class=\"_ _0\"></span>ses are incl<span class=\"_ _0\"></span>uded in<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsf0\">taff expenses<span class=\"_ _0\"></span> (see <span class=\"ls0 ws0\">n</span><span class=\"wsef\">ote 40).<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x25f h52 y601 ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1049px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y601 ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1049px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff1fc fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5ff ff1fc fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5ff ff1fc fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1fa fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h52 y605 ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 1019px; z-index: 15;\">1</div>\n<div class=\"t m0 x8c h52 y605 ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 1019px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y603 ff1fd fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Total<span class=\"_ _2\"></span> expense <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h54 y603 ff1fd fs3c fc1f sc0 ls0 ws0\" style=\"left: 620px; bottom: 1004px; z-index: 15;\">1</div>\n<div class=\"t m0 x8c h54 y603 ff1fd fs3c fc1f sc0 ls0 ws0\" style=\"left: 791px; bottom: 1004px; z-index: 15;\">2</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 993px; height: 113px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y12fc ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12fd ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h6a y162e ff1fe fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">6.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y162f ff1fe fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Employee share and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1630 ff1fe fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">share<span class=\"ls0 ws0\">-</span>linked i<span class=\"_ _2\"></span>ncentive <span class=\"ls13e ws165\">plans<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1631 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas\u2019s re<span class=\"_ _2b\"></span>muneration pa<span class=\"_ _0\"></span>ckage fo<span class=\"_ _0\"></span>r its employe<span class=\"_ _0\"></span>es and Exec<span class=\"_ _2b\"></span>utive<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1632 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Committee and Man<span class=\"_ _2\"></span>agement Committee Members may<span class=\"_ _2\"></span> include share<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1633 ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">related ins<span class=\"_ _2\"></span>truments. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1634 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1635 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These be<span class=\"_ _0\"></span>nefits<span class=\"_ _0\"></span> can tak<span class=\"_ _0\"></span>e the form<span class=\"_ _0\"></span> of:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1636 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse2 wsfa\">R<span class=\"_ _2\"></span>estricted shares;</span><span class=\"ff1fa\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1637 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse2 wsf1\">Sh<span class=\"_ _2\"></span>are</span><span class=\"ff1fa\">-<span class=\"lse0 wsfa\">linked i<span class=\"_ _0\"></span>ncent<span class=\"_ _0\"></span>ives.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1638 ff1fa fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.2.1 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsfa\">Res<span class=\"_ _2\"></span>tricted shares</span> </span></div>\n<div class=\"t m0 x7 h4f y1639 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The membe<span class=\"_ _2b\"></span>rs of the Executive a<span class=\"_ _2b\"></span>nd Management Com<span class=\"_ _0\"></span>mitte<span class=\"_ _0\"></span>e benefit</div>\n<div class=\"t m0 x7 h4f y163a ff1fa fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">fro<span class=\"lse2 wsfa\">m a Long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">term <span class=\"_ _0\"></span>incentiv<span class=\"_ _2b\"></span>e plan (LTI).<span class=\"_ _0\"></span> This pla<span class=\"_ _0\"></span>n consist<span class=\"_ _2b\"></span>s of the grant<span class=\"_ _0\"></span>ing </span></span></div>\n<div class=\"t m0 x7 h4f y163b ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of perfor<span class=\"_ _0\"></span>mance shar<span class=\"_ _2b\"></span>es which vest after a p<span class=\"_ _0\"></span>eriod of 3.<span class=\"_ _0\"></span>5 years<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">afte<span class=\"_ _0\"></span>r grant<span class=\"lsfc ws115\">. </span></span></div>\n<div class=\"t m0 x7 h4f y163c ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The numbe<span class=\"_ _0\"></span>r of shares to b<span class=\"_ _0\"></span>e granted u<span class=\"_ _0\"></span>nder this pl<span class=\"_ _0\"></span>an is based on t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y163d ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">\u201cAgeas Busine<span class=\"_ _2\"></span>ss Score\u201d which <span class=\"_ _2\"></span>is the result o<span class=\"_ _2\"></span><span class=\"lse0\">f t<span class=\"_ _0\"></span>he achi<span class=\"_ _0\"></span>evement<span class=\"_ _0\"></span> on the </span></div>\n<div class=\"t m0 x1a h4f y163e ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">corporat<span class=\"_ _2b\"></span>e KPI's. The vestin<span class=\"_ _0\"></span>g after 3.5 y<span class=\"_ _0\"></span>ears is sub<span class=\"_ _0\"></span>ject to a relat<span class=\"_ _0\"></span>ive total</div>\n<div class=\"t m0 x1a h4f y163f ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>older retu<span class=\"_ _0\"></span>rn (TSR) p<span class=\"_ _2b\"></span>erformance meas<span class=\"_ _2b\"></span>urement as comp<span class=\"_ _0\"></span>ared to a</div>\n<div class=\"t m0 x1a h4f y1640 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">peer group.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Aft<span class=\"_ _0\"></span>er vestin<span class=\"_ _0\"></span>g, the shar<span class=\"_ _2b\"></span>es will have to be held<span class=\"_ _0\"></span> for an</div>\n<div class=\"t m0 x1a h4f y1641 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">additional 1.<span class=\"_ _2\"></span>5 years (5<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">years in tot<span class=\"_ _0\"></span>al as of date of gr<span class=\"_ _0\"></span>ant). Aft<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>is </span></span></div>\n<div class=\"t m0 x1a h4f y1642 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">blocking period<span class=\"_ _2\"></span>, the beneficiaries may sel<span class=\"_ _2\"></span>l the vested shares under<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1643 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n conditi<span class=\"_ _2b\"></span>ons in line with t<span class=\"_ _2b\"></span>he Remunerati<span class=\"_ _2b\"></span>on Policy. You <span class=\"_ _0\"></span>find mor<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y1644 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">details<span class=\"_ _0\"></span> on the p<span class=\"_ _0\"></span>lan in th<span class=\"_ _0\"></span>e Report <span class=\"_ _2b\"></span>of the Remunerat<span class=\"_ _2b\"></span>ion Committe<span class=\"_ _2b\"></span>e sect<span class=\"ls102 ws11d\">ion<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1645 ff1fa fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">A.6.<span class=\"_ _2\"></span>7<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1646 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1647 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For 2018 a tot<span class=\"_ _0\"></span>al of 35<span class=\"ls0 ws0\">,</span><span class=\"wsfa\">612 pe<span class=\"_ _0\"></span>rformanc<span class=\"_ _2b\"></span>e shares were c<span class=\"_ _2b\"></span>ommitted to be </span></div>\n<div class=\"t m0 x1a h4f y1648 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">granted,<span class=\"_ _0\"></span> for 20<span class=\"_ _0\"></span>19 a tot<span class=\"_ _0\"></span>al of 51,3<span class=\"_ _0\"></span>93 per<span class=\"_ _0\"></span>formance <span class=\"_ _2b\"></span>shares were co<span class=\"_ _2b\"></span>mmitted</div>\n<div class=\"t m0 x1a h4f y1649 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be grant<span class=\"_ _0\"></span>ed, for 2020 a t<span class=\"_ _0\"></span>otal of 53,2<span class=\"_ _2b\"></span>69 shares were comm<span class=\"_ _0\"></span>itted to be</div>\n<div class=\"t m0 x1a h4f y164a ff1fa fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">granted <span class=\"lse2 wsf1\">and </span><span class=\"wsf0\">for 2021 a tot<span class=\"_ _2b\"></span>al of <span class=\"lse2 ws103\">53,918<span class=\"_ _2\"></span> performance shares were<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f y164b ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">committ<span class=\"_ _0\"></span>ed to be grant<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y164c ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y164d ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For perfor<span class=\"_ _2b\"></span>mance year 2022 a tot<span class=\"_ _0\"></span>al of <span class=\"lse2 wsf1\">42,530<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">performanc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsf0\">sha<span class=\"_ _0\"></span>res are </span></span></div>\n<div class=\"t m0 x1a h4f y164e ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">committ<span class=\"_ _0\"></span>ed to be <span class=\"_ _0\"></span>grante<span class=\"_ _0\"></span>d to the Ex<span class=\"_ _2b\"></span>ecutive and M<span class=\"_ _0\"></span>anagem<span class=\"_ _2b\"></span>ent Committe<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y164f ff1fa fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Members.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1650 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1651 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1652 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> shows the changes in commitme<span class=\"ls0 ws0\">n<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">ts of res<span class=\"_ _0\"></span>tricte<span class=\"_ _0\"></span>d shares d<span class=\"_ _0\"></span>uring the ye<span class=\"_ _0\"></span>ar for ExCo a<span class=\"_ _0\"></span>nd M<span class=\"lsfb wsfa\">co<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Members.</span> <span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1653 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h4f yc5a ff1fa fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 610px; z-index: 15;\">(number of shares in '<span class=\"wsf4\">0<span class=\"_ _0\"></span>00)<span class=\"fs3a ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x217 h52 yc5a ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 643px; bottom: 610px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 yc5a ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 610px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y1656 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 594px; z-index: 15;\"> </div>\n<div class=\"t m0 x2cb h52 y1656 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 664px; bottom: 594px; z-index: 15;\"> </div>\n<div class=\"t m0 x2cb h52 y1656 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 594px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h4f yc74 ff1fa fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Number of shares newly g<span class=\"_ _0\"></span>ranted<span class=\"fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 xdb h52 yc74 ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 578px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h52 yc74 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 578px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h4f y1656 ff1fd fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 562px; z-index: 15;\">Number of restricted shares committed to be granted as at 1 March<span class=\"ff1fa fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h54 y1656 ff1fd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 649px; bottom: 562px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h54 y1656 ff1fd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 562px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h4f yc5a ff1fa fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 547px; z-index: 15;\">Restricted shares (cancelled) <span class=\"fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h4f yc5a ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 664px; bottom: 547px; z-index: 15;\"> <span class=\"fs3a\"> </span></div>\n<div class=\"t m0 x2cb h52 yc5a ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 547px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h4f y1656 ff1fa fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 531px; z-index: 15;\">Restricted shares vested<span class=\"fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h4f y1656 ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 664px; bottom: 531px; z-index: 15;\"> <span class=\"fs3a\"> </span></div>\n<div class=\"t m0 x2e3 h52 y1656 ff1fa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 531px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h4f yc74 ff1fd fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Number of restricted shares committed to be <span class=\"lsef ws102\">granted a<span class=\"_ _2\"></span>s at 31 Decembe<span class=\"_ _2\"></span>r<span class=\"ff1fa fs3a ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2cb h54 yc74 ff1fd fs3c fc1f sc0 ls0 ws0\" style=\"left: 664px; bottom: 515px; z-index: 15;\">  </div>\n<div class=\"t m0 xd8 h54 yc74 ff1fd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 515px; z-index: 15;\">158<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y165c ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y165d ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y165e ff1fa fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.2.2 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Share<span class=\"_ _2\"></span></span>-<span class=\"lse0 wsfa\">linke<span class=\"_ _2b\"></span>d incentives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y165f ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 20<span class=\"lse2 wsf1\">20<span class=\"lsf4 ws10c\">, </span>20<span class=\"ls0 ws0\">21<span class=\"_ _2\"></span> </span><span class=\"wsfa\">and 2022<span class=\"ls0 ws0\"> </span>Agea<span class=\"_ _2\"></span>s launched a shar<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\">-</span></span></span>linked i<span class=\"_ _2b\"></span>ncentive plan</div>\n<div class=\"t m0 x7 h4f y1660 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">for its senior<span class=\"_ _2\"></span> management. Depend<span class=\"ls102 ws11d\">ing<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">on the relative perf<span class=\"_ _0\"></span>ormanc<span class=\"_ _0\"></span>e of </span></span></span></div>\n<div class=\"t m0 x7 h4f y1661 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Ageas share<span class=\"_ _2\"></span> in relation to a peer group ov<span class=\"_ _2\"></span>er a period of the three</div>\n<div class=\"t m0 x7 h4f y1662 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">years following<span class=\"_ _2\"></span> the launch of each of the plan<span class=\"_ _2\"></span>s and <span class=\"wsf1\">the<span class=\"ls0 ws0\"> </span>condition<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>of </span></div>\n<div class=\"t m0 x7 h4f y1663 ff1fa fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">co<span class=\"lse2 wsfa\">ntinued empl<span class=\"_ _2\"></span>oyment<span class=\"lse0\">, th<span class=\"_ _0\"></span>e senior <span class=\"_ _0\"></span>manager<span class=\"_ _2b\"></span>s will be award<span class=\"_ _0\"></span>ed a cash </span></span></div>\n<div class=\"t m0 x7 h4f y1664 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">payment equal<span class=\"_ _2\"></span> to a value:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1665 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1666 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse0 wsf0\">between 0 and the val<span class=\"_ _0\"></span>ue of 135,<span class=\"_ _0\"></span>480<span class=\"ls0 ws0\"> A<span class=\"lse2 wsfa\">geas share<span class=\"_ _2\"></span>s on 1 April<span class=\"_ _2\"></span> 202</span>3 </span></span></span></div>\n<div class=\"t m0 x25a h4f y1667 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(plan 20<span class=\"_ _0\"></span><span class=\"wsef\">20);<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1668 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse0 wsf0\">between 0 and the val<span class=\"_ _0\"></span>ue of 1<span class=\"lse2 wsf1\">41<span class=\"ls0 ws0\">,</span>400<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Agea<span class=\"_ _2\"></span>s shares on 1 Apri<span class=\"_ _2\"></span>l 202<span class=\"ls0 ws0\">4 </span></span></span></span></span></div>\n<div class=\"t m0 x25a h4f y1669 ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(plan 202<span class=\"ls0 ws0\">1<span class=\"_ _2\"></span>); </span></div>\n<div class=\"t m0 x1a h4f y166a ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa\">b<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">etwee<span class=\"_ _0\"></span>n 0 an<span class=\"lse2 wsfa\">d the value o<span class=\"_ _2\"></span>f 151,200 Ageas s<span class=\"_ _2\"></span>hares on 1 Apri<span class=\"_ _2\"></span>l 202<span class=\"ls0 ws0\">5 </span></span></span></span></span></div>\n<div class=\"t m0 x25a h4f y166b ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(plan 2022)<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y166c ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y166d ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The liab<span class=\"_ _0\"></span>ility of t<span class=\"_ _2b\"></span>hese cash<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">settl<span class=\"_ _0\"></span>ed trans<span class=\"_ _0\"></span>actions is d<span class=\"_ _2b\"></span>etermined at fair val<span class=\"_ _2b\"></span>ue </span></div>\n<div class=\"t m0 x1a h4f y166e ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at each rep<span class=\"_ _0\"></span>orting d<span class=\"_ _0\"></span>ate.<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 330px; height: 636px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 330px; height: 776px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">Staff<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"_ _2b\"></span>xpenses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3ad fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3ad fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff3af fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Salaries and wages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">653<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">590<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Social security charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">129<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Pension expenses relating to defined benefit pension plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Defined contribution plan expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">9</div>\n<div class=\"t m0 xd2 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Share<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">based compensation<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 727px; z-index: 15;\">3</div>\n<div class=\"t m0 xb8 h52 y5f7 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 727px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff3af fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff3af fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 697px; z-index: 15;\">922<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff3af fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">852<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c9e ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c9f ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca0 ff3ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The line<span class=\"_ _2\"></span> item \u2018Other\u2019 includ<span class=\"_ _2\"></span>es mainly other <span class=\"_ _2\"></span>short<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term empl<span class=\"_ _2b\"></span>oyee </span></span></div>\n<div class=\"t m0 x7 h4f y1ca1 ff3ad fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1ca2 ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1eb1 ff3ad fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Note <span class=\"ls0 ws0\">6 </span>section <span class=\"ls0 ws0\">6<span class=\"lse2 wsfa\">.1 Employee be<span class=\"_ _2\"></span>nefits contains <span class=\"_ _2\"></span>further details of p<span class=\"_ _2\"></span>ost</span>-</span></div>\n<div class=\"t m0 x1a h4f y1eb2 ff3ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">employment <span class=\"_ _2\"></span>benefits and other<span class=\"_ _2\"></span> long<span class=\"ls0 ws0\">-</span>term emplo<span class=\"_ _2\"></span>yee benefits, includi<span class=\"_ _2\"></span>ng</div>\n<div class=\"t m0 x1a h4f y1eb3 ff3ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension co<span class=\"_ _2b\"></span>sts<span class=\"ls0 ws0\"> </span>related to defi<span class=\"_ _0\"></span>ned benef<span class=\"_ _0\"></span>it plans an<span class=\"_ _0\"></span>d defined cont<span class=\"_ _2b\"></span>ribution</div>\n<div class=\"t m0 x1a h4f y1eb4 ff3ad fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">plan<span class=\"lsf4 ws10c\">s. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 592px; height: 369px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 592px; height: 369px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 592px; height: 369px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag451": {
   "value": "\n<div class=\"t m0 x7 h6a y724 ff1d7 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">6<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x7 h6a ydeb ff1d7 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Employe<span class=\"ls10e ws131\">e benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h63 ydec ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">This note covers post<span class=\"ls0 ws0\">-</span><span class=\"ws112\">employment </span></div>\n<div class=\"t m0 x7 h63 yded ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">benefits, other long<span class=\"ls0 ws0\">-<span class=\"lsf6\">term employee </span></span></div>\n<div class=\"t m0 x7 h63 ydee ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">benefits and termination benefits.</div>\n<div class=\"t m0 x7 h63 ydef ff1d8 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">Post<span class=\"ls0 ws0\">-</span><span class=\"ws10f\">employment benefits are<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h63 ydf0 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">employee benefits, such <span class=\"_ _0\"></span>as</div>\n<div class=\"t m0 x7 h63 ydf1 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">pensions and post<span class=\"ls0 ws0\">-</span><span class=\"ws112\">employment </span></div>\n<div class=\"t m0 x7 h63 ydf2 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">medical care, which are payab<span class=\"_ _0\"></span>le</div>\n<div class=\"t m0 x7 h63 ydf3 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">after the end of employme<span class=\"ws16a\">nt. Other </span></div>\n<div class=\"t m0 x7 h63 ydf4 ff1d8 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">long<span class=\"ls0 ws0\">-<span class=\"lsf6\">term employee benefits are </span></span></div>\n<div class=\"t m0 x7 h63 ydf5 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">employee benefits that are not</div>\n<div class=\"t m0 x7 h63 ydf6 ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(fully) due within twelve months of</div>\n<div class=\"t m0 x7 h63 y14a8 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">the period in which the emp<span class=\"_ _0\"></span>loyees</div>\n<div class=\"t m0 x7 h63 y14a9 ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">rendered the related service<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h63 y14aa ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">including long<span class=\"ls0 ws0\">-<span class=\"lsf6 ws113\">service awards and </span></span></div>\n<div class=\"t m0 x7 h63 y14ab ff1d8 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">long<span class=\"ls0 ws0\">-<span class=\"lsf6\">term disability benefits. </span></span></div>\n<div class=\"t m0 x7 h63 y14ac ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Termination benefi<span class=\"lsf6 ws0\">ts are employee </span></div>\n<div class=\"t m0 x7 h63 y14ad ff1d8 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">benefits payable as a resu<span class=\"_ _0\"></span>lt of the</div>\n<div class=\"t m0 x7 h63 y14ae ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">premature end of the employee\u2019s</div>\n<div class=\"t m0 x7 h63 y14af ff1d8 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">employment contract.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below shows<span class=\"_ _0\"></span> an overvi<span class=\"_ _0\"></span>ew of all the em<span class=\"_ _0\"></span>ployee b<span class=\"_ _0\"></span>enefits<span class=\"_ _0\"></span>\u2019 liabilit<span class=\"_ _0\"></span>ies (ass<span class=\"_ _0\"></span>ets) at Age<span class=\"_ _0\"></span>as.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y725 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1d5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y605 ff1d5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 668px; bottom: 801px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y605 ff1d5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 801px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff1d5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 785px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y632 ff1d9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 688px; bottom: 785px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y632 ff1d9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 785px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1d5 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 770px; z-index: 15;\">Post<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse4 wsf3\">employmen<span class=\"_ _0\"></span>t benefits <span class=\"ls0 ws0\">- </span>defined benefit plans <span class=\"ls0 ws0\">- </span><span class=\"wsf4\">pensions<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x43 h52 y5f2 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 770px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y5f2 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 770px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 755px; z-index: 15;\">Other post<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">employment benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 755px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 755px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1d5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Other long<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">term employee benefits<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y5f9 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 741px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff1d5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 741px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1d5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 726px; z-index: 15;\">Termination benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y60e ff1d5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 726px; z-index: 15;\">5</div>\n<div class=\"t m0 x1f4 h52 y60e ff1d5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 789px; bottom: 726px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h54 y5fc ff1da fs3c fc1f sc0 lse7 wsf8\" style=\"left: 324px; bottom: 711px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t defi<span class=\"_ _0\"></span>ned ben<span class=\"_ _2b\"></span>efits liabili<span class=\"_ _0\"></span>ties (ass<span class=\"_ _2b\"></span>ets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5fc ff1da fs3c fc1f sc0 lse4 wsf4\" style=\"left: 672px; bottom: 711px; z-index: 15;\">631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5fc ff1da fs3c fc1f sc0 lse4 wsf4\" style=\"left: 779px; bottom: 711px; z-index: 15;\">886<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14b7 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14b8 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14b9 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Liabilit<span class=\"_ _2b\"></span>ies and related serv<span class=\"_ _2b\"></span>ice cost are <span class=\"lse2 wsfa\">calculated a<span class=\"_ _2\"></span>ccording to the Proj<span class=\"_ _2\"></span>ected Unit Credi<span class=\"_ _2\"></span>t Method. The </span></div>\n<div class=\"t m0 x26 h4f y14ba ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">objecti<span class=\"_ _0\"></span>ve of th<span class=\"_ _0\"></span>is metho<span class=\"_ _0\"></span>d is to ex<span class=\"_ _0\"></span>pense e<span class=\"_ _0\"></span>ach part<span class=\"_ _2b\"></span>icipant\u2019s benef<span class=\"_ _2b\"></span>its as they wo<span class=\"_ _0\"></span>uld accr<span class=\"_ _2b\"></span>ue taking int<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x26 h4f y14bb ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">account f<span class=\"_ _0\"></span>uture com<span class=\"_ _2b\"></span>pensation incre<span class=\"_ _2b\"></span>ases and the plan\u2019s b<span class=\"_ _0\"></span>enefit al<span class=\"_ _0\"></span>locatio<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>prin<span class=\"_ _0\"></span>ciples.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14bc ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14bd ff1d5 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">defined benef<span class=\"_ _2b\"></span>it obligation is t<span class=\"_ _0\"></span>he net prese<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>val<span class=\"_ _0\"></span>ue of the parti<span class=\"_ _0\"></span>cipant<span class=\"_ _0\"></span>\u2019s attri<span class=\"_ _0\"></span>buted ben<span class=\"_ _0\"></span>efits </span></div>\n<div class=\"t m0 x26 h4f y14be ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">measure<span class=\"_ _0\"></span>d at the repo<span class=\"_ _0\"></span>rting dat<span class=\"_ _0\"></span>e. The cur<span class=\"_ _0\"></span>rent serv<span class=\"_ _0\"></span>ice cost is the n<span class=\"_ _2b\"></span>et present value of th<span class=\"_ _0\"></span>e partici<span class=\"_ _0\"></span>pant\u2019s</div>\n<div class=\"t m0 x26 h4f y14bf ff1d5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">benefits attri<span class=\"_ _2\"></span>buted to service during the ye<span class=\"_ _2\"></span>ar.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14c0 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14c1 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The pensi<span class=\"_ _2b\"></span>on<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">cost<span class=\"_ _0\"></span> includ<span class=\"_ _2b\"></span>es net interes<span class=\"_ _0\"></span>t expens<span class=\"_ _0\"></span>e, calc<span class=\"_ _0\"></span>ulated by <span class=\"_ _2b\"></span>applying the <span class=\"_ _0\"></span>discount<span class=\"_ _0\"></span> rate to t<span class=\"_ _2b\"></span>he net </span></div>\n<div class=\"t m0 x26 h4f y14c2 ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">pension <span class=\"_ _0\"></span>liabil<span class=\"_ _0\"></span>ity. The d<span class=\"_ _2b\"></span>iscount rate i<span class=\"_ _0\"></span>s a high<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">quality corporate bond rate<span class=\"_ _2\"></span> where there is an active </span></span></div>\n<div class=\"t m0 x26 h4f y14c3 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market in suc<span class=\"_ _2b\"></span>h bonds, and a gover<span class=\"_ _0\"></span>nment bond r<span class=\"_ _0\"></span>ate in othe<span class=\"_ _0\"></span>r markets.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14c4 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14c5 ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Some ass<span class=\"_ _2b\"></span>ets might be r<span class=\"_ _0\"></span>estricte<span class=\"_ _2b\"></span>d to their reco<span class=\"_ _2b\"></span>verable amount<span class=\"_ _0\"></span> in the f<span class=\"_ _2b\"></span>orm of a reduct<span class=\"_ _0\"></span>ion in f<span class=\"_ _0\"></span>uture</div>\n<div class=\"t m0 x26 h4f y14c6 ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contri<span class=\"_ _0\"></span>butions o<span class=\"_ _2b\"></span>r a cash refund <span class=\"_ _0\"></span>(asset c<span class=\"_ _2b\"></span>eiling). Addit<span class=\"_ _0\"></span>ionally<span class=\"_ _2b\"></span>, there might b<span class=\"_ _0\"></span>e recogn<span class=\"_ _0\"></span>ition of a<span class=\"_ _2b\"></span> liability</div>\n<div class=\"t m0 x26 h4f y14c7 ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">from a mini<span class=\"_ _0\"></span>mum fundi<span class=\"_ _2b\"></span>ng requirement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y14c8 ff1d5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y14c9 ff1d5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The recogni<span class=\"_ _2\"></span>tion of actuarial g<span class=\"_ _2\"></span>ains and losses <span class=\"_ _2\"></span>for post<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">employment b<span class=\"_ _2b\"></span>enefits occurs in ot<span class=\"_ _2b\"></span>her </span></span></div>\n<div class=\"t m0 x26 h4f y14ca ff1d5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income, wh<span class=\"_ _0\"></span>ereas thos<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>for ot<span class=\"_ _2b\"></span>her long<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">term employee<span class=\"_ _2\"></span> benefits and termination </span></span></div>\n<div class=\"t m0 x26 h4f y14cb ff1d5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s occur <span class=\"_ _0\"></span>in the inc<span class=\"_ _2b\"></span>ome stateme<span class=\"lse2 wsf1\">nt.</span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 370px; height: 471px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1dd fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.1.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Pos<span class=\"_ _2\"></span>t</span>-<span class=\"lse0 wsf0\">employ<span class=\"_ _2b\"></span>ment benefits<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 yd13 ff1df fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Defined be<span class=\"_ _2b\"></span>nefit pension pl<span class=\"_ _0\"></span>ans and othe<span class=\"_ _0\"></span>r post<span class=\"ls0 ws0\">-</span>empl<span class=\"_ _0\"></span>oyment be<span class=\"_ _0\"></span>nefits<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd14 ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas opera<span class=\"_ _2\"></span>tes defined benefi<span class=\"_ _2\"></span>t pension plans c<span class=\"_ _2\"></span>overing the majori<span class=\"_ _2\"></span>ty of</div>\n<div class=\"t m0 x7 h4f yd15 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">its employ<span class=\"_ _2b\"></span>ees. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd16 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc7b ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under defined<span class=\"_ _2\"></span> benefit pension <span class=\"_ _2\"></span>plans, benefits are<span class=\"_ _2\"></span> calculated based<span class=\"_ _2\"></span> on</div>\n<div class=\"t m0 x7 h4f yd17 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">years of se<span class=\"_ _0\"></span>rvice and lev<span class=\"_ _2b\"></span>el of salary. Pensi<span class=\"_ _0\"></span>on obligat<span class=\"_ _0\"></span>ions are d<span class=\"_ _0\"></span>etermin<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x7 h4f yd18 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the basis of<span class=\"_ _0\"></span> mortalit<span class=\"_ _0\"></span>y <span class=\"lse2 wsfa\">tables, empl<span class=\"_ _2\"></span>oyee turnover, wage <span class=\"_ _2\"></span>drift and </span></div>\n<div class=\"t m0 x7 h4f yd19 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">economic<span class=\"_ _0\"></span> assum<span class=\"_ _2b\"></span>ptions such as i<span class=\"_ _0\"></span>nflatio<span class=\"_ _0\"></span>n and dis<span class=\"_ _0\"></span>count <span class=\"_ _0\"></span>rate. Dis<span class=\"_ _0\"></span>count</div>\n<div class=\"t m0 x7 h4f y8cd ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rates ar<span class=\"_ _2b\"></span>e set per count<span class=\"_ _0\"></span>ry or re<span class=\"_ _0\"></span>gion on t<span class=\"_ _0\"></span>he basis <span class=\"_ _2b\"></span>of the yield (at <span class=\"_ _0\"></span>closing</div>\n<div class=\"t m0 x7 h4f y8ce ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">date) of<span class=\"_ _0\"></span> corpor<span class=\"_ _0\"></span>ate AA bo<span class=\"_ _2b\"></span>nds. These defi<span class=\"_ _2b\"></span>ned benefit pl<span class=\"_ _0\"></span>ans exp<span class=\"_ _0\"></span>ose the</div>\n<div class=\"t m0 x7 h4f y882 ff1dd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Group<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">to actuarial<span class=\"_ _0\"></span> risks, s<span class=\"_ _2b\"></span>uch as longevi<span class=\"_ _2b\"></span>ty, currency,<span class=\"_ _0\"></span> interest<span class=\"_ _0\"></span> rate a<span class=\"_ _0\"></span>nd </span></span></div>\n<div class=\"t m0 x7 h4f y883 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market ris<span class=\"_ _2b\"></span>k.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y884 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y885 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on to pensi<span class=\"_ _0\"></span>ons, post<span class=\"ls0 ws0\">-</span>emp<span class=\"_ _2b\"></span>loyment benefits<span class=\"_ _0\"></span> may also inc<span class=\"_ _0\"></span>lude</div>\n<div class=\"t m0 x7 h4f y886 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">other ex<span class=\"_ _0\"></span>penses suc<span class=\"_ _0\"></span>h as reimbu<span class=\"_ _0\"></span>rsement<span class=\"_ _0\"></span> of part of healt<span class=\"_ _2b\"></span>h insurance</div>\n<div class=\"t m0 x7 h4f y8cf ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">premiu<span class=\"_ _0\"></span>ms, which<span class=\"_ _0\"></span> continue t<span class=\"_ _0\"></span>o be granted to e<span class=\"_ _2b\"></span>mployees after ret<span class=\"_ _0\"></span>ireme<span class=\"_ _0\"></span>nt.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y888 ff1df fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Defined c<span class=\"_ _2b\"></span>ontributio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y889 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ope<span class=\"_ _0\"></span>rates a num<span class=\"_ _2b\"></span>ber of defined contr<span class=\"_ _2b\"></span>ibution plans worl<span class=\"_ _2b\"></span>dwide. The</div>\n<div class=\"t m0 x7 h4f y88a ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">employe<span class=\"_ _2b\"></span>r\u2019s commitment<span class=\"_ _0\"></span> to a def<span class=\"_ _0\"></span>ined cont<span class=\"_ _2b\"></span>ribution pla<span class=\"_ _0\"></span>n is limit<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y88b ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span> of cont<span class=\"_ _0\"></span>ributio<span class=\"_ _2b\"></span>ns calculated <span class=\"_ _0\"></span>in accord<span class=\"_ _0\"></span>ance wit<span class=\"_ _2b\"></span>h the pl<span class=\"lse2 wsf1\">an\u2019s </span></div>\n<div class=\"t m0 x7 h4f y88c ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ions. E<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>r contri<span class=\"_ _0\"></span>butions t<span class=\"_ _2b\"></span>o defined cont<span class=\"_ _2b\"></span>ribution plan<span class=\"_ _0\"></span>s</div>\n<div class=\"t m0 x7 h4f y88d ff1dd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amounte<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span><span class=\"lsfc ws0\">to EUR<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span>9 <span class=\"lse2 wsfa\">million in 20<span class=\"_ _2\"></span>22 (2021: EUR <span class=\"wsf1\">11 <span class=\"_ _2\"></span></span>million) and<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">are<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y88e ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in staff<span class=\"_ _0\"></span> expens<span class=\"_ _2b\"></span>es (see note <span class=\"lse2 wsf1\">40</span><span class=\"wsef\">).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y88f ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y890 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In Belgi<span class=\"_ _0\"></span>um, Age<span class=\"_ _2b\"></span>as has defined c<span class=\"_ _2b\"></span>ontribution p<span class=\"_ _2b\"></span>lans in accord<span class=\"_ _0\"></span>ance wit<span class=\"_ _2b\"></span>h the</div>\n<div class=\"t m0 x7 h4f y891 ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Law o<span class=\"ws103\">f 28 April<span class=\"_ _2\"></span> 2003 regarding occupational<span class=\"_ _2\"></span> pensions (WAP/LPC </span></div>\n<div class=\"t m0 x1a h4f y14d9 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">plans).<span class=\"_ _0\"></span> These p<span class=\"_ _0\"></span>lans com<span class=\"_ _0\"></span>mit the <span class=\"_ _0\"></span>employ<span class=\"_ _0\"></span>er to th<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nt of</div>\n<div class=\"t m0 x1a h4f y14da ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contri<span class=\"_ _0\"></span>butions as<span class=\"_ _0\"></span> the plan\u2019s te<span class=\"_ _0\"></span>rms prov<span class=\"_ _0\"></span>ide, and to gu<span class=\"_ _0\"></span>arantee a mi<span class=\"_ _0\"></span>nimum</div>\n<div class=\"t m0 x1a h4f y14db ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">return l<span class=\"_ _0\"></span>inked t<span class=\"_ _0\"></span>o Belgia<span class=\"_ _2b\"></span>n government b<span class=\"_ _0\"></span>onds yiel<span class=\"_ _2b\"></span>ds, subject t<span class=\"_ _0\"></span>o a floor <span class=\"_ _0\"></span>of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14dc ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">1.75% a<span class=\"_ _0\"></span>nd a cap <span class=\"_ _0\"></span>of 3.75%.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14dd ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y14de ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The law of<span class=\"_ _0\"></span> 18 Dec<span class=\"_ _0\"></span>ember 2<span class=\"_ _0\"></span>015 to e<span class=\"_ _0\"></span>nsure th<span class=\"_ _0\"></span>e sustai<span class=\"_ _2b\"></span>nability and so<span class=\"_ _2b\"></span>cial</div>\n<div class=\"t m0 x1a h4f y14df ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">nature of<span class=\"_ _0\"></span> occup<span class=\"_ _0\"></span>ational <span class=\"_ _2b\"></span>pensions, and t<span class=\"_ _2b\"></span>o ensure the st<span class=\"_ _0\"></span>rengthe<span class=\"_ _0\"></span>ning of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y14e0 ff1dd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">additional cha<span class=\"_ _2\"></span>racter relative to the retir<span class=\"_ _2\"></span>ement pensions, modifie<span class=\"_ _2\"></span>s the</div>\n<div class=\"t m0 x1a h4f y14e1 ff1dd fs3a fc14 sc0 lsf4 ws114\" style=\"z-index: 15;\">commitment of the<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">employer to thes<span class=\"_ _0\"></span>e plans. As of<span class=\"_ _0\"></span> 1<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">January 2016<span class=\"_ _2\"></span>, the </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y14e2 ff1dd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">interest rate<span class=\"_ _2\"></span> guaranteed by the employer i<span class=\"_ _2\"></span>s equal to a percentage (equal<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y14e3 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to 65%) of the av<span class=\"_ _2b\"></span>erage return on th<span class=\"_ _0\"></span>e Belgian l<span class=\"_ _0\"></span>inear bon<span class=\"_ _0\"></span>ds with a ter<span class=\"_ _0\"></span>m of</div>\n<div class=\"t m0 x1a h4f y14e4 ff1dd fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">10<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">years over t<span class=\"_ _0\"></span>he 24 months<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>prec<span class=\"_ _2b\"></span>eding to 1<span class=\"ls0 ws0\"> </span>June. This rat<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> <span class=\"ls106 ws115\">will take </span></span></span></div>\n<div class=\"t m0 x1a h4f y14e5 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">effect on 1<span class=\"ls0 ws0\"> </span>Ja<span class=\"_ _0\"></span>nuary of the fo<span class=\"_ _2b\"></span>llowing year. This c<span class=\"_ _0\"></span>alculat<span class=\"_ _2b\"></span>ion results in a</div>\n<div class=\"t m0 x1a h4f y14e6 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">guarant<span class=\"_ _0\"></span>eed int<span class=\"_ _0\"></span>erest<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">rate of<span class=\"_ _0\"></span> 1.75% on 1<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">January 2022 (1<span class=\"_ _2\"></span>.75% on 1 </span></span></span></div>\n<div class=\"t m0 x1a h4f y14e7 ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">January 2021)<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14e8 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y14e9 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Because of<span class=\"_ _0\"></span> these mi<span class=\"_ _0\"></span>nimum ret<span class=\"_ _0\"></span>urn guara<span class=\"_ _0\"></span>ntees, WA<span class=\"_ _2b\"></span>P/LPC plans do not</div>\n<div class=\"t m0 x1a h4f y14ea ff1dd fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">meet, in a strict sense, th<span class=\"lse0 wsf0\">e definit<span class=\"_ _0\"></span>ion of defi<span class=\"_ _2b\"></span>ned contributio<span class=\"_ _0\"></span>n plans of IA<span class=\"_ _0\"></span>S </span></div>\n<div class=\"t m0 x1a h4f y14eb ff1dd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">19. Although IAS<span class=\"_ _2\"></span> 19 does not address the account<span class=\"_ _2\"></span>ing for hybrid plans,</div>\n<div class=\"t m0 x1a h4f y14ec ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the law cha<span class=\"_ _0\"></span>nge as at 1<span class=\"ls0 ws0\"> </span>Januar<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>20<span class=\"_ _0\"></span>16 facilit<span class=\"_ _0\"></span>ated acc<span class=\"_ _0\"></span>ounting f<span class=\"_ _0\"></span>or those</div>\n<div class=\"t m0 x1a h4f y14ed ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">plans appl<span class=\"_ _2\"></span>ying the Projected<span class=\"_ _2\"></span> Unit Credit Method<span class=\"_ _2\"></span>. Accordingly, Agea<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14ee ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">has estim<span class=\"_ _2b\"></span>ated the defined obl<span class=\"_ _2b\"></span>igation liabil<span class=\"_ _0\"></span>ities as of 1<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">January</span> <span class=\"lse2 wsf1\">2016 </span></span></div>\n<div class=\"t m0 x1a h4f y14ef ff1dd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">under IAS<span class=\"_ _2\"></span> 19.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y14f0 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y14f1 ff1dd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of the a<span class=\"_ _0\"></span>mounts s<span class=\"_ _0\"></span>hown in t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y14f2 ff1dd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stateme<span class=\"_ _2b\"></span>nt of financial pos<span class=\"_ _0\"></span>ition as at 3<span class=\"_ _0\"></span>1 Decemb<span class=\"_ _0\"></span>er, regar<span class=\"_ _0\"></span>ding defin<span class=\"_ _0\"></span>ed</div>\n<div><br/></div>\n<div class=\"t m0 x1a h4f y14f3 ff1dd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefi<span class=\"lse0 wsf0\">t pension obl<span class=\"_ _0\"></span>igations a<span class=\"_ _2b\"></span>nd other post<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">employment be<span class=\"_ _2\"></span>nefits.</span></span></span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 520px; bottom: 579px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y605 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 565px; bottom: 608px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5f4 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 570px; bottom: 593px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 579px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 579px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y605 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 608px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 714px; bottom: 593px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y638 ff1dd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 579px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y14f4 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y14f5 ff1dd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f4 ff1df fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Present value of funde<span class=\"_ _0\"></span>d obligations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 548px; z-index: 15;\">190<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 548px; z-index: 15;\">294<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Present value of unfun<span class=\"_ _0\"></span>ded obligations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 533px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 533px; z-index: 15;\">785<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 533px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 533px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff1e0 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 518px; z-index: 15;\">Define<span class=\"_ _2b\"></span>d benefit obli<span class=\"_ _2b\"></span>gation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 518px; z-index: 15;\">750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 518px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 518px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 518px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 504px; z-index: 15;\">Fair value of plan as<span class=\"_ _0\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 504px; z-index: 15;\">(238)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 504px; z-index: 15;\">(363)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff1e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 489px; z-index: 15;\">512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 489px; z-index: 15;\">716<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 489px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5fc ff1e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 489px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 474px; z-index: 15;\">Asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 474px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 474px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1dd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 459px; z-index: 15;\">Other amounts recognised in the statement of financial position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 459px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 459px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff1e0 fs3c fc1f sc0 lsf0 wsff\" style=\"left: 69px; bottom: 444px; z-index: 15;\">Net defin<span class=\"_ _2\"></span>ed benefit <span class=\"lse4 wsf6\">liabilities (assets)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 444px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 444px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 444px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y601 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 444px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1dd fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 414px; z-index: 15;\">Amounts in the statement of financial position:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y601 ff1dd fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 400px; z-index: 15;\">Defined benefit liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 400px; z-index: 15;\">576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 400px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 400px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 400px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1dd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 385px; z-index: 15;\">Defined benefit assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 385px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff1dd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 385px; z-index: 15;\">(81)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 385px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 385px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 370px; z-index: 15;\">Net defined benefit liabilities (assets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 525px; bottom: 370px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 370px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 370px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 370px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 359px; height: 747px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Defined be<span class=\"_ _2b\"></span>nefit liabiliti<span class=\"_ _0\"></span>es are class<span class=\"_ _0\"></span>ified un<span class=\"_ _0\"></span>der accru<span class=\"_ _2b\"></span>ed interest and oth<span class=\"_ _0\"></span>er</div>\n<div class=\"t m0 x7 h4f y803 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _2b\"></span>ies (see note 24) and def<span class=\"_ _0\"></span>ined ben<span class=\"_ _0\"></span>efit asset<span class=\"_ _0\"></span>s are class<span class=\"_ _2b\"></span>ified under</div>\n<div class=\"t m0 x7 h4f y804 ff1e2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">accrued interes<span class=\"_ _2\"></span>t and other assets (see note<span class=\"_ _2\"></span> 15).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y806 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">As Ageas i<span class=\"_ _2\"></span>s a financial <span class=\"_ _2\"></span>i<span class=\"ws103\">nstitution specialising<span class=\"_ _2\"></span> in the management of </span></div>\n<div class=\"t m0 x7 h4f y807 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">employee bene<span class=\"_ _2\"></span>fits, some of it<span class=\"_ _2\"></span>s employees\u2019 pension<span class=\"_ _2\"></span> plans are insured<span class=\"_ _2\"></span> by</div>\n<div class=\"t m0 x7 h4f y808 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ins<span class=\"_ _2b\"></span>urance compani<span class=\"_ _0\"></span>es. Under IF<span class=\"_ _0\"></span>RS, the ass<span class=\"_ _0\"></span>ets backi<span class=\"_ _2b\"></span>ng <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>ese</div>\n<div class=\"t m0 x7 h4f y809 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension p<span class=\"_ _0\"></span>lans are no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-</span>qualify<span class=\"_ _0\"></span>ing and co<span class=\"_ _0\"></span>nseque<span class=\"_ _0\"></span>ntly may not<span class=\"_ _0\"></span> be</div>\n<div class=\"t m0 x1a h4f y1506 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">considered p<span class=\"_ _2\"></span>lan<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">assets.<span class=\"_ _0\"></span> For this re<span class=\"_ _0\"></span>ason, thes<span class=\"_ _2b\"></span>e plans are classifi<span class=\"_ _2b\"></span>ed as </span></span></div>\n<div class=\"t m0 x1a h4f y1507 ff1e2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">\u2018unfunded\u2019.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc3d ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc3e ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">From an ec<span class=\"_ _0\"></span>onomic poi<span class=\"_ _0\"></span>nt of view, th<span class=\"_ _0\"></span>e net defi<span class=\"_ _0\"></span>ned liabili<span class=\"_ _0\"></span>ty is offset<span class=\"_ _0\"></span> by the</div>\n<div class=\"t m0 x1a h4f yc3f ff1e2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">non<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">qualifying <span class=\"_ _0\"></span>plan ass<span class=\"_ _0\"></span>ets that<span class=\"_ _0\"></span> are hel<span class=\"_ _2b\"></span>d within Ageas <span class=\"_ _0\"></span>(2022: E<span class=\"_ _0\"></span>UR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">543 </span></span></span></span></div>\n<div class=\"t m0 x1a h4f yc40 ff1e2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million; 20<span class=\"_ _2\"></span>21: EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">544<span class=\"ls0 ws0\"> </span></span>m<span class=\"_ _2\"></span>illion), resulting <span class=\"ls106 ws10c\">in a net liability<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">(asset)</span> </span><span class=\"lsf4\">of </span></span></div>\n<div class=\"t m0 x1a h4f yc41 ff1e2 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">(19)<span class=\"_ _2\"></span></span> <span class=\"lse2 ws103\">million in 2022 (2021<span class=\"_ _2\"></span>: EUR</span> <span class=\"lse0 wsf0\">184 milli<span class=\"_ _0\"></span>on) for def<span class=\"_ _0\"></span>ined benef<span class=\"_ _2b\"></span>it </span></span></div>\n<div class=\"t m0 x1a h4f yc42 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension o<span class=\"_ _0\"></span>bligati<span class=\"_ _2b\"></span>ons.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc43 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc44 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f yc45 ff1e2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The follo<span class=\"_ _0\"></span>wing tabl<span class=\"_ _0\"></span>e reflects<span class=\"_ _0\"></span> the chang<span class=\"_ _2b\"></span>es in net defined ben<span class=\"_ _0\"></span>efit liab<span class=\"_ _0\"></span>ilities (<span class=\"_ _0\"></span>assets) as<span class=\"_ _0\"></span> <span class=\"lse2 ws103\">recognised<span class=\"_ _2\"></span> in the statement of financial<span class=\"_ _2\"></span> position.<span class=\"ls0 ws0\"> </span></span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 878px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 562px; bottom: 907px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y608 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 893px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 878px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 878px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x247 h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 907px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y608 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 713px; bottom: 893px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y603 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 878px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc46 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff1e4 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 907px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 893px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 878px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff1e5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 862px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 847px; z-index: 15;\">Net defined benefit liabilities<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">(assets) as at 1 January<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 847px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 847px; z-index: 15;\">825<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 847px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 847px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 833px; z-index: 15;\">Total defined benefit e<span class=\"_ _0\"></span>xpense <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 833px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 833px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 833px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 833px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 818px; z-index: 15;\">Employer's contributions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 526px; bottom: 818px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 818px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 818px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 818px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 803px; z-index: 15;\">Participants' contributions paid<span class=\"_ _0\"></span> to the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 803px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 803px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 803px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y70b ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 803px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 788px; z-index: 15;\">Benefits directly paid by <span class=\"_ _0\"></span>the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 788px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 788px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 788px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 788px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 773px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y656 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 773px; z-index: 15;\">1</div>\n<div class=\"t m0 x2f h52 y656 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 773px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y656 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y656 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 758px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 758px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 758px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 758px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 758px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 743px; z-index: 15;\">Remeasurement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 743px; z-index: 15;\">(213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 743px; z-index: 15;\">(113)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 743px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 743px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 729px; z-index: 15;\">Net defined benefit liabilities<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">(assets) as at 31 Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x24 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 729px; z-index: 15;\">524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 729px; z-index: 15;\">727<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 729px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y63a ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 729px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1515 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1516 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y1517 ff1e2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> shows the changes in the defined<span class=\"_ _2\"></span> benefit obligation.<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 620px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 562px; bottom: 650px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y647 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 568px; bottom: 635px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 620px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 620px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x247 h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 650px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y647 ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 713px; bottom: 635px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 620px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1518 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 635px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 536px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 709px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff1e4 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Define<span class=\"_ _2b\"></span>d benefit obli<span class=\"_ _2b\"></span>gation<span class=\"ls0 ws0\"> <span class=\"lse4 wsf3\">as at 1 January</span> </span></div>\n<div class=\"t m0 x1a6 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 514px; bottom: 590px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 590px; z-index: 15;\">1,169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 590px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5ff ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 590px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 575px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 575px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y605 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 575px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y605 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 575px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y603 ff1e2 fs3c fc14 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st cost<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 560px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y603 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 560px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h52 y603 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 560px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y603 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 560px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y638 ff1e2 fs3c fc14 sc0 lse5 ws15d\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Past servi<span class=\"_ _0\"></span>ce cost <span class=\"ls0 ws0\">- <span class=\"lse4 wsf3\">vested and non</span>-<span class=\"lse4 wsf3\">vested benefits</span> </span></div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Remeasurement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 530px; z-index: 15;\">(320)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 530px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 530px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 530px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Participants' contributions paid<span class=\"_ _0\"></span> to the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 516px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 516px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 501px; z-index: 15;\">Benefits paid<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 501px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 501px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 501px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 501px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 486px; z-index: 15;\">Benefits directly paid by <span class=\"_ _0\"></span>the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 486px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 486px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 486px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 486px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 471px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 471px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 471px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y656 ff1e4 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 456px; z-index: 15;\">Define<span class=\"_ _2b\"></span>d benefit obli<span class=\"_ _2b\"></span>gation<span class=\"ls0 ws0\"> <span class=\"lse4 wsf3\">as at 31 December</span> </span></div>\n<div class=\"t m0 x24 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 456px; z-index: 15;\">750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 602px; bottom: 456px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 456px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y656 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 456px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1527 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1528 ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1529 ff1e2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in the fair<span class=\"_ _2\"></span> value of plan assets.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y152a ff1e2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1e2 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 378px; z-index: 15;\">Defined benefit pension plan<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 378px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff1e2 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 378px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1e2 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 362px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5fc ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 362px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5fc ff1e5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 362px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 347px; z-index: 15;\">Fair value of plan assets as at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f7 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 347px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f7 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 347px; z-index: 15;\">353<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc14 sc0 lse7 ws0\" style=\"left: 69px; bottom: 332px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st inco<span class=\"_ _2b\"></span>me<span class=\"ls0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 332px; z-index: 15;\">6</div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 332px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y601 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 317px; z-index: 15;\">Remeasurement (return on plan<span class=\"_ _0\"></span> assets, excluding effect o<span class=\"_ _2b\"></span>f<span class=\"_ _2\"></span> <span class=\"wsf6\">interest rate)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y601 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 317px; z-index: 15;\">(107)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y601 ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 317px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5ff ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 302px; z-index: 15;\">Employer's contributions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 302px; z-index: 15;\">3</div>\n<div class=\"t m0 xb8 h52 y5ff ff1e2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 302px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 288px; z-index: 15;\">Benefits paid<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 288px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 288px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 273px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 273px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 273px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 258px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 258px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y605 ff1e2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 258px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1e4 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 243px; z-index: 15;\">Fair value of plan assets as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 243px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff1e4 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 243px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 232px; height: 874px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1e7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in the asse<span class=\"_ _2\"></span>t ceiling <span class=\"wsfa\">and/or minimum<span class=\"_ _2\"></span> funding requiremen<span class=\"_ _2\"></span>t.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y601 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y601 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1050px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff1e9 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> <span class=\"_ _1\"></span> <span class=\"lse4 wsf3\">as at 1 Ja<span class=\"_ _2b\"></span>nu<span class=\"_ _2\"></span>ary<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 xd2 h54 y608 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1020px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h54 y608 ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 791px; bottom: 1020px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Remeasurement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 xb8 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 1005px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y608 ff1e9 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> <span class=\"lse4 wsf3\">as at 31 December</span> </span></div>\n<div class=\"t m0 xd2 h54 y608 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 990px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y608 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 990px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1545 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1546 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1547 ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The asset c<span class=\"_ _0\"></span>eiling r<span class=\"_ _0\"></span>elates to Ag<span class=\"_ _0\"></span>eas <span class=\"lse2 wsf1\">entities <span class=\"wsfa\">in Por<span class=\"_ _2\"></span>tugal<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y1548 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1549 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the c<span class=\"_ _2b\"></span>omponents aff<span class=\"_ _2b\"></span>ecting the inc<span class=\"_ _0\"></span>ome stat<span class=\"_ _0\"></span>ement t<span class=\"_ _0\"></span>hat relat<span class=\"_ _2b\"></span>e to the defin<span class=\"_ _0\"></span>ed benef<span class=\"_ _0\"></span>it pens<span class=\"_ _0\"></span>ion plans<span class=\"_ _0\"></span> and <span class=\"lse2 ws103\">other post<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">employment </span></span></div>\n<div class=\"t m0 x7 h4f y154a ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>e year en<span class=\"_ _0\"></span>ded 31 D<span class=\"_ _0\"></span>ecembe<span class=\"_ _0\"></span>r.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y154b ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 864px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f2 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 505px; bottom: 864px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">pen<span class=\"_ _2\"></span>sion</span> <span class=\"_ _2\"></span></span>plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f2 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 669px; bottom: 864px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>-<span class=\"lsec wsfe\">empl<span class=\"_ _2\"></span>oyment</span> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 849px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 849px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 849px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 849px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff1e7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 819px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y1550 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 819px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y1550 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 819px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y1550 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 819px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y1550 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 819px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5f9 ff1e7 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 804px; z-index: 15;\">Net interest cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 804px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 804px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 804px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 804px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y63a ff1e7 fs3c fc14 sc0 lse5 ws15d\" style=\"left: 69px; bottom: 789px; z-index: 15;\">Past servi<span class=\"_ _0\"></span>ce cost <span class=\"ls0 ws0\">- <span class=\"lse4 wsf3\">vested and non</span>-<span class=\"lse4 wsf3\">vested benefits</span> </span></div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1e7 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 774px; z-index: 15;\">Sett<span class=\"_ _2\"></span>lements<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff1e9 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Total de<span class=\"_ _0\"></span>fined<span class=\"_ _2b\"></span> benefit expens<span class=\"_ _0\"></span>e <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y63a ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 527px; bottom: 759px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y63a ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 615px; bottom: 759px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y63a ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 705px; bottom: 759px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h54 y63a ff1e9 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 759px; z-index: 15;\">5</div>\n<div class=\"t m0 x7 h4f y1555 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1556 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1557 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Net inte<span class=\"_ _0\"></span>rest cos<span class=\"_ _0\"></span>t and ot<span class=\"_ _0\"></span>her ar<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>ed in fin<span class=\"_ _0\"></span>ancing c<span class=\"_ _2b\"></span>osts (see note <span class=\"_ _0\"></span><span class=\"wsef\">37<span class=\"wsfa\">). All ot<span class=\"_ _2b\"></span>her items are i<span class=\"_ _2b\"></span>ncluded in staf<span class=\"_ _0\"></span>f exp<span class=\"_ _0\"></span>enses (s<span class=\"_ _0\"></span>ee note 4<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">0<span class=\"_ _2\"></span><span class=\"lse0 wsef\">).</span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1558 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1559 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the c<span class=\"_ _2b\"></span>omposition of <span class=\"_ _0\"></span>remeas<span class=\"_ _0\"></span>urements<span class=\"_ _0\"></span> for the <span class=\"lse2\">y<span class=\"_ _0\"></span>ear ended 31<span class=\"_ _2\"></span> December.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y155a ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 650px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5ff ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 505px; bottom: 650px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">pen<span class=\"_ _2\"></span>sion</span> <span class=\"_ _2\"></span></span>plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5ff ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 669px; bottom: 650px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>-<span class=\"lsec wsfe\">empl<span class=\"_ _2\"></span>oyment</span> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff1e7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 636px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 517px; bottom: 636px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 636px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 636px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff1e7 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 636px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff1ea fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1e7 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 605px; z-index: 15;\">Return on plan assets, <span class=\"_ _2b\"></span>ex<span class=\"_ _2\"></span>cluding ef<span class=\"_ _0\"></span>fect of interest rate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 605px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y647 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 605px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Remeasurement on asset ceiling / minimum funding requirement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 590px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1e7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Actuarial (gains) losses with regard to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 561px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">change in demographic assumptions</span> </div>\n<div class=\"t m0 x7 h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 561px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 561px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 561px; z-index: 15;\">5</div>\n<div class=\"t m0 xbf h52 y603 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 561px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 546px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">change in financial assumptions</span> </div>\n<div class=\"t m0 x1f0 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 546px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 546px; z-index: 15;\">(86)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 546px; z-index: 15;\">(53)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 546px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 531px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">experience adjustments</span> </div>\n<div class=\"t m0 x44 h52 y5f4 ff1e7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 531px; z-index: 15;\">0</div>\n<div class=\"t m0 x7 h52 y5f4 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 531px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 531px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff1e7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 531px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Remeasurement on net defined liability (asset)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 516px; z-index: 15;\">(213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 516px; z-index: 15;\">(113)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 694px; bottom: 516px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y638 ff1e9 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 516px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1565 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1566 ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1567 ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Remeasu<span class=\"_ _2b\"></span>rement of the net defi<span class=\"_ _0\"></span>ned benef<span class=\"_ _0\"></span>it liabi<span class=\"_ _0\"></span>lity is rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d in other</div>\n<div class=\"t m0 x7 h4f y1568 ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">compreh<span class=\"_ _0\"></span>ensiv<span class=\"_ _0\"></span>e income.<span class=\"_ _0\"></span> Remea<span class=\"_ _0\"></span>surement<span class=\"_ _2b\"></span>s of plan assets<span class=\"_ _2b\"></span> are mainly the</div>\n<div class=\"t m0 x7 h4f y1569 ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">differe<span class=\"_ _0\"></span>nce betw<span class=\"_ _0\"></span>een actual ret<span class=\"_ _2b\"></span>urn on plan assets an<span class=\"_ _0\"></span>d expect<span class=\"_ _0\"></span>ed disco<span class=\"_ _0\"></span>unt</div>\n<div class=\"t m0 x7 h4f y156a ff1e7 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rate. Re<span class=\"_ _0\"></span>measur<span class=\"_ _0\"></span>ements of<span class=\"_ _2b\"></span> defined benef<span class=\"_ _0\"></span>it obli<span class=\"_ _2b\"></span>gations reflec<span class=\"_ _0\"></span>t the ch<span class=\"_ _0\"></span>ange</div>\n<div class=\"t m0 x7 h4f y156b ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in actuar<span class=\"_ _0\"></span>ial assum<span class=\"_ _2b\"></span>ptions (i.e. demog<span class=\"_ _2b\"></span>raphic and financ<span class=\"_ _2b\"></span>ial assumptions<span class=\"_ _0\"></span>)</div>\n<div class=\"t m0 x7 h4f y156c ff1e7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and the experien<span class=\"_ _2\"></span>ce adjustment. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y156d ff1e7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y156e ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Experie<span class=\"_ _0\"></span>nce adjus<span class=\"_ _0\"></span>tments a<span class=\"_ _0\"></span>re actua<span class=\"_ _0\"></span>rial gains an<span class=\"_ _0\"></span>d losses that<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>ari<span class=\"_ _0\"></span>se</div>\n<div class=\"t m0 x1a h4f y156f ff1e7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because of<span class=\"_ _0\"></span> differe<span class=\"_ _0\"></span>nces betw<span class=\"_ _2b\"></span>een the actuarial as<span class=\"_ _0\"></span>sumpt<span class=\"_ _0\"></span>ions mad<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">at the </span></div>\n<div class=\"t m0 x1a h4f y1570 ff1e7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">beginning of th<span class=\"_ _2\"></span>e year and actual experience<span class=\"_ _2\"></span> during the year.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 364px; height: 742px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff1ec fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">following tab<span class=\"_ _0\"></span>le reflec<span class=\"_ _0\"></span>ts the weig<span class=\"_ _2b\"></span>hted average dur<span class=\"_ _0\"></span>ation of the d<span class=\"_ _0\"></span>efined be<span class=\"_ _2b\"></span>nefit obligatio<span class=\"_ _0\"></span>n in years.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y601 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 563px; bottom: 1065px; z-index: 15;\">Defined benefit <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y601 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 569px; bottom: 1050px; z-index: 15;\">pension plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x247 h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 751px; bottom: 1065px; z-index: 15;\">Other post<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x5d h52 y601 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 713px; bottom: 1050px; z-index: 15;\">employment benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Weighted average duration o<span class=\"_ _0\"></span>f defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1020px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1020px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1573 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1574 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1575 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the <span class=\"_ _0\"></span>princip<span class=\"_ _0\"></span>al actu<span class=\"_ _0\"></span>arial ass<span class=\"_ _2b\"></span>umptions mad<span class=\"_ _0\"></span>e for th<span class=\"_ _0\"></span>e euroz<span class=\"_ _0\"></span>one count<span class=\"_ _2b\"></span>ries.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1576 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 941px; z-index: 15;\">  </div>\n<div class=\"t m0 x1f1 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 507px; bottom: 941px; z-index: 15;\">Defined benefit pension plan<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 669px; bottom: 941px; z-index: 15;\">Other <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span><span class=\"wsf3\">empl<span class=\"_ _2\"></span>oyment be<span class=\"_ _2\"></span>nefits<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 926px; z-index: 15;\">  </div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 496px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 521px; bottom: 926px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 581px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 926px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 667px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 692px; bottom: 926px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 753px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 926px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 911px; z-index: 15;\">  </div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 481px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 521px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 566px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 606px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 652px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 692px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 738px; bottom: 911px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff1ec fs3c fc1f sc0 ls109 ws12c\" style=\"left: 777px; bottom: 911px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 581px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 667px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 753px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff1ee fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 896px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">Disc<span class=\"_ _2\"></span>ount rat<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 881px; z-index: 15;\">3.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 881px; z-index: 15;\">4.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 881px; z-index: 15;\">0.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 881px; z-index: 15;\">1.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 647px; bottom: 881px; z-index: 15;\">3.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 881px; z-index: 15;\">4.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 881px; z-index: 15;\">1.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 881px; z-index: 15;\">1.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 866px; z-index: 15;\">Future salary increases <span class=\"_ _0\"></span>(price inflation included)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 866px; z-index: 15;\">2.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 866px; z-index: 15;\">5.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 866px; z-index: 15;\">1.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y70b ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 866px; z-index: 15;\">4.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 667px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 753px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y70b ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1ec fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 851px; z-index: 15;\">Futu<span class=\"_ _2\"></span>re pensio<span class=\"_ _2\"></span>n <span class=\"lse4 wsf3\">increases (price<span class=\"_ _0\"></span> inflation included)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 851px; z-index: 15;\">2.2%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 851px; z-index: 15;\">3.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 851px; z-index: 15;\">1.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y60e ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 851px; z-index: 15;\">1.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 667px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 753px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y60e ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 851px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 836px; z-index: 15;\">Medical cost trend rates<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 581px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 836px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 647px; bottom: 836px; z-index: 15;\">2.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 836px; z-index: 15;\">4.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 836px; z-index: 15;\">2.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 836px; z-index: 15;\">3.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y157c ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y157d ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y157e ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate for p<span class=\"_ _0\"></span>ensions<span class=\"_ _0\"></span> is weighte<span class=\"_ _0\"></span>d by the net def<span class=\"_ _0\"></span>ined benef<span class=\"_ _2b\"></span>it</div>\n<div class=\"t m0 x7 h4f y157f ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y (asset<span class=\"_ _0\"></span>) on pension<span class=\"_ _0\"></span>s. The larg<span class=\"_ _0\"></span>est pensi<span class=\"_ _2b\"></span>on schemes are in</div>\n<div class=\"t m0 x7 h4f y1580 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Belgiu<span class=\"_ _0\"></span>m, with d<span class=\"_ _0\"></span>iscount <span class=\"_ _0\"></span>rates v<span class=\"_ _0\"></span>arying f<span class=\"_ _2b\"></span>rom 3.80% to 4.<span class=\"_ _2b\"></span>10%. The futur<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h4f y1581 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">salary i<span class=\"_ _0\"></span>ncreas<span class=\"_ _0\"></span>es varied <span class=\"_ _2b\"></span>in 2022 from 2.<span class=\"_ _0\"></span>90% fo<span class=\"_ _0\"></span>r the <span class=\"lse2 ws103\">older employee </span></div>\n<div class=\"t m0 x7 h4f y1582 ff1ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">group to 5.80% for<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span><span class=\"wsfa\">the younger on<span class=\"_ _2\"></span>es.</span></div>\n<div class=\"t m0 x1a h4f y1583 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able sh<span class=\"_ _0\"></span>ows the <span class=\"_ _0\"></span>princip<span class=\"_ _0\"></span>al actu<span class=\"_ _0\"></span>arial ass<span class=\"_ _2b\"></span>umptions mad<span class=\"_ _0\"></span>e for</div>\n<div class=\"t m0 x1a h4f y1584 ff1ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">other c<span class=\"_ _0\"></span>ountries<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x7 h4f y1585 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1586 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 679px; z-index: 15;\">Defined benefit pension plan<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y656 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 679px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y656 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 679px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 663px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f7 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 663px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f7 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 663px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 649px; z-index: 15;\">Discount rate <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 649px; z-index: 15;\">4.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 649px; z-index: 15;\">1.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff1ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Future salary increases (price <span class=\"wsf3\">inflation included)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y647 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y647 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y158b ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y158c ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y158d ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The euroz<span class=\"_ _2b\"></span>one represents <span class=\"lse2 wsf1\">83%<span class=\"ls0 ws0\"> </span></span>of Ageas\u2019<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>tot<span class=\"_ _0\"></span>al define<span class=\"_ _2b\"></span>d benefit</div>\n<div class=\"t m0 x7 h4f y158e ff1ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">obligations<span class=\"_ _2\"></span>. Other countries include onl<span class=\"_ _2\"></span>y obligations in the United</div>\n<div class=\"t m0 x7 h4f y158f ff1ec fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Kingdom. Pos<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">employ<span class=\"_ _2b\"></span>ment benefits i<span class=\"_ _0\"></span>n countries<span class=\"_ _0\"></span> outsid<span class=\"_ _0\"></span>e the euro<span class=\"ls0 ws0\">-</span><span class=\"wsef\">zone </span></span></span></div>\n<div class=\"t m0 x7 h4f y1590 ff1ec fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and the <span class=\"_ _2\"></span>United Kingdom are n<span class=\"_ _2\"></span>ot regarded as <span class=\"_ _2\"></span>significant. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1591 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1592 ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A one perce<span class=\"_ _0\"></span>nt change i<span class=\"_ _0\"></span>n the actua<span class=\"_ _0\"></span>rial assu<span class=\"_ _2b\"></span>mptions would hav<span class=\"_ _0\"></span>e the</div>\n<div class=\"t m0 x1a h4f y1593 ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ing effect<span class=\"_ _0\"></span> on the define<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>ben<span class=\"_ _0\"></span>efit oblig<span class=\"_ _0\"></span>ation for d<span class=\"_ _0\"></span>efined be<span class=\"_ _0\"></span>nefit</div>\n<div><br/></div>\n<div class=\"t m0 x1a h4f y1594 ff1ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension p<span class=\"_ _0\"></span>lans and ot<span class=\"_ _0\"></span>her post<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">employment benefits.</span></span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 519px; bottom: 462px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 564px; bottom: 492px; z-index: 15;\">Defined<span class=\"ls0 ws0\"> </span>benefit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y647 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 570px; bottom: 477px; z-index: 15;\">pension<span class=\"ls0 ws0\"> </span>plans<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 462px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 690px; bottom: 462px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 751px; bottom: 492px; z-index: 15;\">Other<span class=\"ls0 ws0\"> <span class=\"lsec wsfe\">post<span class=\"_ _2\"></span></span>- </span></div>\n<div class=\"t m0 x5d h52 y647 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 714px; bottom: 477px; z-index: 15;\">employment<span class=\"ls0 ws0\"> </span>benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1ec fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 462px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1595 ff1ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 492px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 462px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 432px; z-index: 15;\">Defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 432px; z-index: 15;\">750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 432px; z-index: 15;\">1,079<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 432px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 432px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 402px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed discount rate:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 402px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 387px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 387px; z-index: 15;\">(11.0%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 387px; z-index: 15;\">(13.0%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 679px; bottom: 387px; z-index: 15;\">(16.8%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 387px; z-index: 15;\">(19.3%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 373px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 373px; z-index: 15;\">12.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 373px; z-index: 15;\">16.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 373px; z-index: 15;\">18.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 373px; z-index: 15;\">25.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 358px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 343px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed future salary in<span class=\"_ _0\"></span>crease:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 ydd0 ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 328px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x160 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 328px; z-index: 15;\">12.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 328px; z-index: 15;\">12.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 313px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x19b h52 y63a ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 313px; z-index: 15;\">(10.6%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 313px; z-index: 15;\">(10.2%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 313px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 313px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1ec fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 283px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed pension increase:<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 539px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 710px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff1ec fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 283px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 269px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 269px; z-index: 15;\">8.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff1ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 269px; z-index: 15;\">9.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 269px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 269px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 254px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x160 h52 y647 ff1ec fs3c fc14 sc0 lsec wsfe\" style=\"left: 514px; bottom: 254px; z-index: 15;\">(7.<span class=\"_ _2\"></span>3%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff1ec fs3c fc14 sc0 lsec wsfe\" style=\"left: 599px; bottom: 254px; z-index: 15;\">(7.<span class=\"_ _2\"></span>8%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 243px; height: 863px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">A one perce<span class=\"_ _0\"></span>nt change i<span class=\"_ _0\"></span>n assumed m<span class=\"_ _2b\"></span>edical cost trend ra<span class=\"_ _2b\"></span>tes would have the fol<span class=\"_ _0\"></span>lowing ef<span class=\"_ _0\"></span>fect on the def<span class=\"_ _2b\"></span>ined benefit obl<span class=\"_ _0\"></span>igation f<span class=\"_ _0\"></span>o<span class=\"lsf3 wsf1\">r medical costs.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y5ff ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 743px; bottom: 1065px; z-index: 15;\">Medical<span class=\"ls0 ws0\"> </span>Care<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y601 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y601 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1050px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1020px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1020px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Effect of changes in a<span class=\"_ _0\"></span>ssumed medical costs a<span class=\"_ _2b\"></span>nd tr<span class=\"_ _2\"></span>end <span class=\"_ _0\"></span>rates:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent increase</span> </div>\n<div class=\"t m0 x2a2 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 975px; z-index: 15;\">20.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 975px; z-index: 15;\">26.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 960px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">One</span>-<span class=\"lse4 wsf3\">percent decrease</span> </div>\n<div class=\"t m0 x126 h52 y5f2 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 960px; z-index: 15;\">(15.9%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y5f2 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 960px; z-index: 15;\">(20.0%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15bc ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15bd ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15be ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The ass<span class=\"_ _0\"></span>et mix of t<span class=\"_ _2b\"></span>he plan assets<span class=\"_ _0\"></span> for pen<span class=\"_ _0\"></span>sion ob<span class=\"_ _0\"></span>ligatio<span class=\"_ _2b\"></span>ns is as follows<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15bf ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a7 h52 y60e ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 462px; bottom: 882px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 617px; bottom: 882px; z-index: 15;\">%</div>\n<div class=\"t m0 x1a7 h52 y60e ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 635px; bottom: 882px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 789px; bottom: 882px; z-index: 15;\">%</div>\n<div class=\"t m0 x14d h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y70b ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 866px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f0 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 851px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 851px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 851px; z-index: 15;\">13.9%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 851px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 851px; z-index: 15;\">11.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 836px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 836px; z-index: 15;\">151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 836px; z-index: 15;\">63.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 836px; z-index: 15;\">230<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 836px; z-index: 15;\">63.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 822px; z-index: 15;\">Insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 822px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 822px; z-index: 15;\">10.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 822px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 822px; z-index: 15;\">7.4%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff1f0 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 807px; z-index: 15;\">Real<span class=\"_ _2\"></span> estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 807px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 807px; z-index: 15;\">10.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 807px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 807px; z-index: 15;\">8.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff1f0 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 792px; z-index: 15;\">Cash <span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y63a ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 792px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 792px; z-index: 15;\">1.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y63a ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 792px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f0 h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 792px; z-index: 15;\">1.1%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 777px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5ff ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 777px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 777px; z-index: 15;\">1.3%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 777px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 777px; z-index: 15;\">8.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff1f3 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 762px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 522px; bottom: 762px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 762px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 762px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 762px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15c6 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15c7 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15c8 ff1f0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The plan assets<span class=\"_ _2\"></span> comprise predominantly fix<span class=\"_ _2\"></span>ed income securities,</div>\n<div class=\"t m0 x7 h4f y15c9 ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ed by equi<span class=\"_ _0\"></span>ty sec<span class=\"_ _0\"></span>urities<span class=\"_ _0\"></span>, real est<span class=\"_ _2b\"></span>ate (funds) a<span class=\"_ _0\"></span>nd invest<span class=\"_ _2b\"></span>ment</div>\n<div class=\"t m0 x7 h4f y15ca ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>wit<span class=\"_ _0\"></span>h insura<span class=\"_ _0\"></span>nce comp<span class=\"_ _0\"></span>anies. Age<span class=\"_ _0\"></span>as\u2019s inte<span class=\"_ _2b\"></span>rnal investment p<span class=\"_ _0\"></span>olicy</div>\n<div class=\"t m0 x7 h4f y15cb ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">stipula<span class=\"_ _0\"></span>tes that in<span class=\"_ _0\"></span>vestment<span class=\"_ _0\"></span> in derivat<span class=\"_ _2b\"></span>ives and emergin<span class=\"_ _0\"></span>g <span class=\"wsfa\">markets f<span class=\"_ _0\"></span>or the </span></div>\n<div class=\"t m0 x1a h4f y15cc ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">purpos<span class=\"_ _0\"></span>e of fun<span class=\"_ _0\"></span>ding pens<span class=\"_ _2b\"></span>ion plans is t<span class=\"_ _0\"></span>o be avoid<span class=\"_ _2b\"></span>ed. The amount<span class=\"_ _2b\"></span> in</div>\n<div class=\"t m0 x1a h4f y15cd ff1f0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">\u2018Other\u2019 relate<span class=\"_ _2\"></span>s to two diversified funds in<span class=\"_ _2\"></span> the United Kingdom.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y15ce ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y15cf ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The mix <span class=\"_ _0\"></span>of the un<span class=\"_ _0\"></span>qualif<span class=\"_ _0\"></span>ied asset<span class=\"_ _2b\"></span>s for pension o<span class=\"_ _2b\"></span>bligations is as<span class=\"_ _0\"></span> follows<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 x7 h4f y15d0 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15d1 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 621px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a7 h52 y5ff ff1f0 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 462px; bottom: 621px; z-index: 15;\">31 <span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x146 h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 617px; bottom: 621px; z-index: 15;\">%</div>\n<div class=\"t m0 x1a7 h52 y5ff ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 635px; bottom: 621px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5ff ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 789px; bottom: 621px; z-index: 15;\">%</div>\n<div class=\"t m0 x14d h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1f0 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 590px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 590px; z-index: 15;\">7.<span class=\"ls0 ws0\">4% </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 590px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 590px; z-index: 15;\">7.<span class=\"ls0 ws0\">2% </span></div>\n<div class=\"t m0 x14d h52 y605 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y605 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 575px; z-index: 15;\">43<span class=\"ls0 ws0\">0 </span></div>\n<div class=\"t m0 x160 h52 y605 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 575px; z-index: 15;\">7<span class=\"lse4 wsf4\">9.2</span>%</div>\n<div class=\"t m0 x24 h52 y605 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 575px; z-index: 15;\">431<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 771px; bottom: 575px; z-index: 15;\">7<span class=\"lse4 wsf4\">9.2</span>%</div>\n<div class=\"t m0 x14d h52 y603 ff1f0 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Real<span class=\"_ _2\"></span> estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 560px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 560px; z-index: 15;\">10.1<span class=\"ls0 ws0\">% </span></div>\n<div class=\"t m0 x74 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 560px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 560px; z-index: 15;\">10.<span class=\"ls0 ws0\">7% </span></div>\n<div class=\"t m0 x14d h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Convertible bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 545px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 545px; z-index: 15;\">2.<span class=\"ls0 ws0\">6% </span></div>\n<div class=\"t m0 x74 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 545px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 545px; z-index: 15;\">2.<span class=\"ls0 ws0\">4% </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 531px; z-index: 15;\">Cash<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 531px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 531px; z-index: 15;\">0.7%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 531px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y5f4 ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 531px; z-index: 15;\">0.5%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff1f3 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y70b ff1f3 fs3c fc1f sc0 ls0 ws0\" style=\"left: 522px; bottom: 516px; z-index: 15;\">5<span class=\"lse4 wsf4\">43</span> </div>\n<div class=\"t m0 x162 h54 y70b ff1f3 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 516px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y70b ff1f3 fs3c fc1f sc0 ls0 ws0\" style=\"left: 695px; bottom: 516px; z-index: 15;\">5<span class=\"lse4 wsf4\">44</span> </div>\n<div class=\"t m0 x162 h54 y70b ff1f3 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 516px; z-index: 15;\">100.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15da ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15db ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15dc ff1f0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas gra<span class=\"_ _0\"></span>dually a<span class=\"_ _0\"></span>djusts its as<span class=\"_ _2b\"></span>set allocatio<span class=\"_ _0\"></span>n policy to ens<span class=\"_ _0\"></span>ure a close</div>\n<div class=\"t m0 x7 h4f y15dd ff1f0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">match between<span class=\"_ _2\"></span> the duration of assets and that of<span class=\"_ _2\"></span> pension liabilities.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15de ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y15df ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The empl<span class=\"_ _0\"></span>oyer\u2019s<span class=\"_ _0\"></span> contribut<span class=\"_ _2b\"></span>ions expecte<span class=\"_ _0\"></span>d to be pa<span class=\"_ _0\"></span>id into <span class=\"_ _2b\"></span>po<span class=\"lse1 wsf0\">st<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span></span><span class=\"wsef\">empl<span class=\"_ _2b\"></span>oyment </span></div>\n<div class=\"t m0 x1a h4f y15e0 ff1f0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span> plans fo<span class=\"_ _2b\"></span>r the year end<span class=\"_ _0\"></span>ing 31 Dec<span class=\"_ _2b\"></span>ember <span class=\"lse2\">2022 are<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span>as fol<span class=\"_ _2b\"></span>lows.</div>\n<div class=\"t m0 x7 h4f y15e1 ff1f0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x1d h52 y60e ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 736px; bottom: 406px; z-index: 15;\">Defined benefit <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1f0 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 391px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f4 h52 y5f9 ff1f0 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 742px; bottom: 391px; z-index: 15;\">pension plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff1f2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y60e ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff1f0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 360px; z-index: 15;\">Expected contribution next year to plan assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff1f0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 360px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 346px; z-index: 15;\">Expected contribution next year to unqualified plan assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff1f0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 346px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 335px; height: 771px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1f5 fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.1.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse0 wsef\">Other <span class=\"lse2 wsf1\">long</span></span>-<span class=\"lse0 wsf0\">term employee ben<span class=\"_ _0\"></span>efits<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff1f5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Other long<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term em<span class=\"_ _0\"></span>ployee b<span class=\"_ _0\"></span>enefits i<span class=\"_ _0\"></span>nclude lo<span class=\"_ _2b\"></span>ng<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">serv<span class=\"_ _0\"></span>ice aw<span class=\"_ _0\"></span>ards. Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow s<span class=\"_ _0\"></span>hows net <span class=\"_ _2b\"></span>liabilities. T<span class=\"_ _0\"></span>he liab<span class=\"_ _0\"></span>ilities <span class=\"_ _0\"></span>related t<span class=\"_ _2b\"></span>o other long<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">term em<span class=\"_ _0\"></span>ployee </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">benefit<span class=\"_ _0\"></span>s are inc<span class=\"_ _2b\"></span>luded in the stat<span class=\"_ _2b\"></span>ement of fina<span class=\"_ _0\"></span>ncial pos<span class=\"_ _2b\"></span>ition under ac<span class=\"_ _0\"></span>crued<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">in<span class=\"_ _0\"></span>terest an<span class=\"_ _0\"></span>d other liabi<span class=\"_ _2b\"></span>lities (see note 24).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1033px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y5ff ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5ff ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y601 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y601 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1003px; z-index: 15;\">Defined benefit obligation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 622px; bottom: 1003px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1003px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff1f8 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 988px; z-index: 15;\">Net defined benefit liabilities (assets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y605 ff1f8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 622px; bottom: 988px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y605 ff1f8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 988px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y12a9 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y12aa ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15ea ff1f5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties for other long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">ter<span class=\"_ _2b\"></span>m <span class=\"_ _2\"></span>em<span class=\"_ _0\"></span>ployee be<span class=\"_ _0\"></span>nefits dur<span class=\"_ _0\"></span>ing the <span class=\"lse2 wsf1\">year.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y15eb ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y603 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 910px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 910px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y608 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y608 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff1f5 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 879px; z-index: 15;\">Net liability as at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f4 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 622px; bottom: 879px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f4 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 879px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 864px; z-index: 15;\">Total expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 864px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 864px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 849px; z-index: 15;\">Benefits directly paid by <span class=\"_ _0\"></span>the employer<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 849px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 849px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff1f5 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Net liability as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y608 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 622px; bottom: 835px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y608 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 786px; bottom: 835px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15f2 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15f3 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15f4 ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es the ra<span class=\"_ _2b\"></span>nge of actuaria<span class=\"_ _0\"></span>l assum<span class=\"_ _0\"></span>ptions a<span class=\"_ _2b\"></span>pplied when <span class=\"lse2 ws103\">calculating the liabiliti<span class=\"_ _2\"></span>es for other long<span class=\"ls0 ws0\">-</span>term emp<span class=\"_ _2\"></span>loyee benefits.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y15f5 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 551px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y60e ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 715px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y60e ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 756px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 741px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff1f5 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 616px; bottom: 741px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 699px; bottom: 741px; z-index: 15;\">Low<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff1f5 fs3c fc1f sc0 ls109 ws12c\" style=\"left: 778px; bottom: 741px; z-index: 15;\">High<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 634px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 715px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 725px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff1f5 fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 711px; z-index: 15;\">Disc<span class=\"_ _2\"></span>ount rat<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 711px; z-index: 15;\">3.17%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 711px; z-index: 15;\">3.82%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 711px; z-index: 15;\">0.32%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 711px; z-index: 15;\">0.70%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 696px; z-index: 15;\">Future salary increases<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 696px; z-index: 15;\">3.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 696px; z-index: 15;\">5.90%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 696px; z-index: 15;\">2.10%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 696px; z-index: 15;\">4.20%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y15fa ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15fb ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y15fc ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Expenses<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>ed to ot<span class=\"_ _0\"></span>her long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term empl<span class=\"_ _0\"></span>oyee benef<span class=\"_ _0\"></span>its are sho<span class=\"_ _2b\"></span>wn below. Interest c<span class=\"_ _0\"></span>ost is incl<span class=\"_ _0\"></span>uded in fin<span class=\"_ _0\"></span>ancing cos<span class=\"_ _2b\"></span>ts (see note <span class=\"wsef\">37</span>), all<span class=\"_ _0\"></span> other expens<span class=\"_ _2b\"></span>es are </span></span></div>\n<div class=\"t m0 x7 h4f y15fd ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include<span class=\"_ _0\"></span>d in staff expe<span class=\"_ _2b\"></span>nses (see note 4<span class=\"ls0 ws0\">0</span><span class=\"wsef\">).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y15fe ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 601px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y5f7 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 601px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f7 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 601px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5fc ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5fc ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff1f5 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 571px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y647 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 571px; z-index: 15;\">1</div>\n<div class=\"t m0 x4a h52 y647 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 571px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5ff ff1f5 fs3c fc14 sc0 lse8 ws10b\" style=\"left: 69px; bottom: 556px; z-index: 15;\">Net <span class=\"lse4 wsf3\">actuarial losses (gains) recognised imme<span class=\"_ _0\"></span>diately<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5ff ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 556px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 556px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff1f8 fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 541px; z-index: 15;\">Total<span class=\"_ _2\"></span> expense <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y647 ff1f8 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 621px; bottom: 541px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y647 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 541px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1604 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1605 ff1f5 fs3a fc1f sc0 ls0 ws0\" style=\"z-index: 15;\">6<span class=\"lsf4 ws10c\">.1.3</span> <span class=\"_ _1af\"> </span><span class=\"lse0 wsf0\">Termi<span class=\"_ _0\"></span>nation be<span class=\"_ _0\"></span>nefits<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1606 ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Terminat<span class=\"_ _2b\"></span>ion benefits are e<span class=\"_ _0\"></span>mployee b<span class=\"_ _0\"></span>enefits p<span class=\"_ _2b\"></span>ayable as a result of eit<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x7 h4f y1607 ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">an enterp<span class=\"_ _0\"></span>rise\u2019s de<span class=\"_ _0\"></span>cision t<span class=\"_ _0\"></span>o terminat<span class=\"_ _0\"></span>e an employ<span class=\"_ _0\"></span>ee\u2019s empl<span class=\"_ _2b\"></span>oyment before</div>\n<div class=\"t m0 x7 h4f y1608 ff1f5 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the norm<span class=\"_ _2b\"></span>al retirement d<span class=\"_ _0\"></span>ate, or <span class=\"_ _0\"></span>an employ<span class=\"_ _2b\"></span>ee\u2019s decisio<span class=\"_ _0\"></span>n to acc<span class=\"_ _0\"></span>ept</div>\n<div class=\"t m0 x7 h4f y1609 ff1f5 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">voluntary <span class=\"_ _2\"></span>redundancy in exchang<span class=\"_ _2\"></span>e for those bene<span class=\"_ _2\"></span>fi<span class=\"lsf4 ws10c\">ts. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y160a ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y160b ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y160c ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tabl<span class=\"_ _0\"></span>e below shows<span class=\"_ _0\"></span> liabil<span class=\"_ _0\"></span>ities relat<span class=\"_ _2b\"></span>ed to termination b<span class=\"_ _2b\"></span>enefits include<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x1a h4f y160d ff1f5 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">in the stat<span class=\"_ _0\"></span>ement of fina<span class=\"_ _2b\"></span>ncial position u<span class=\"_ _0\"></span>nder accru<span class=\"_ _0\"></span>ed inter<span class=\"_ _0\"></span>est and othe<span class=\"_ _2b\"></span>r</div>\n<div class=\"t m0 x1a h4f y160e ff1f5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liabilities (s<span class=\"_ _2\"></span>ee note 2<span class=\"ls0 ws0\">4<span class=\"lse0 wsef\">).</span></span></div>\n<div class=\"t m0 x7 h4f y160f ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1610 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 384px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y605 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 384px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 384px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y603 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y603 ff1f7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 354px; z-index: 15;\">Defined benefit <span class=\"wsf4\">obligation<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x4a h52 y608 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 354px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h52 y608 ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 354px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h54 y5f4 ff1f8 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 339px; z-index: 15;\">Net defined benefit liabilities (assets)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h54 y5f4 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 339px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h54 y5f4 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 339px; z-index: 15;\">5</div>\n<div class=\"t m0 x7 h4f y1615 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1616 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1617 ff1f5 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties for terminatio<span class=\"lse0 wsf0\">n benefits durin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e year.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1618 ff1f5 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 260px; z-index: 15;\"> </div>\n<div class=\"t m0 x49 h52 y638 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 260px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y638 ff1f5 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 778px; bottom: 260px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff1f5 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 244px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5f4 ff1f7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 244px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h54 y5f4 ff1f7 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 244px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff1f8 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 230px; z-index: 15;\">Net liability as at 1<span class=\"_ _0\"></span> January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h54 y638 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 230px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h54 y638 ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 230px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y60e ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 215px; z-index: 15;\">Total expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 215px; z-index: 15;\">1</div>\n<div class=\"t m0 x4a h52 y60e ff1f5 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 215px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y70b ff1f5 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 200px; z-index: 15;\">Benefits directly paid <span class=\"wsf6\">by the employer<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y70b ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 200px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y70b ff1f5 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 200px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff1f8 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 185px; z-index: 15;\">Net liability as at 31<span class=\"_ _0\"></span> December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4a h54 y60e ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 185px; z-index: 15;\">5</div>\n<div class=\"t m0 x4a h54 y60e ff1f8 fs3c fc1f sc0 ls0 ws0\" style=\"left: 792px; bottom: 185px; z-index: 15;\">5</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 174px; height: 932px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Expenses<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>ed to t<span class=\"_ _0\"></span>erminati<span class=\"_ _0\"></span>on ben<span class=\"_ _0\"></span>efits ar<span class=\"_ _0\"></span>e shown <span class=\"_ _0\"></span>below.<span class=\"_ _0\"></span> Interes<span class=\"_ _0\"></span>t cost i<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>ed in <span class=\"ls0 ws0\">f</span><span class=\"wsf0\">inanci<span class=\"_ _2b\"></span>ng costs (see <span class=\"ls0 ws0\">n<span class=\"lsfc ws115\">ote</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">37</span></span>). All ot<span class=\"_ _0\"></span>her expen<span class=\"_ _0\"></span>ses are incl<span class=\"_ _0\"></span>uded in<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">s<span class=\"lse0 wsf0\">taff expenses<span class=\"_ _0\"></span> (see <span class=\"ls0 ws0\">n</span><span class=\"wsef\">ote 40).<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x25f h52 y601 ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1049px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y601 ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1049px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff1fc fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5ff ff1fc fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y5ff ff1fc fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff1fa fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Current service cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h52 y605 ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 1019px; z-index: 15;\">1</div>\n<div class=\"t m0 x8c h52 y605 ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 1019px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y603 ff1fd fs3c fc1f sc0 lsef ws102\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Total<span class=\"_ _2\"></span> expense <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h54 y603 ff1fd fs3c fc1f sc0 ls0 ws0\" style=\"left: 620px; bottom: 1004px; z-index: 15;\">1</div>\n<div class=\"t m0 x8c h54 y603 ff1fd fs3c fc1f sc0 ls0 ws0\" style=\"left: 791px; bottom: 1004px; z-index: 15;\">2</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 993px; height: 113px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"_ _2b\"></span>ccrued in<span class=\"_ _2b\"></span>terest and</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">other liabilities</div>\n<div class=\"t m0 x66 h52 y5f4 ff336 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff336 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Deferred revenues<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">155<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Accrued finance <span class=\"lse5 wsf5\">costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Accrued other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives held for he<span class=\"_ _0\"></span>dging purposes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 726px; z-index: 15;\">Derivatives held for tra<span class=\"_ _0\"></span>ding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 726px; z-index: 15;\">3</div>\n<div class=\"t m0 xd2 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 726px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 711px; z-index: 15;\">Defined benefit pension liabilitie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 711px; z-index: 15;\">576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 711px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Defined benefit liabilities o<span class=\"_ _0\"></span>ther than pension<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 697px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Termination benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5ff ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y601 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Other long<span class=\"ls0 ws0\">-</span>term employee benefit liabili<span class=\"_ _0\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 667px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 667px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Short<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">term employee benefit liabilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 652px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Liabilities related to wri<span class=\"_ _0\"></span>tten put options on NC<span class=\"_ _0\"></span>I<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 637px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 637px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 622px; z-index: 15;\">Accounts payable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 622px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 622px; z-index: 15;\">213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 607px; z-index: 15;\">Due to agents, policyh<span class=\"_ _0\"></span>olders and intermediaries<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 607px; z-index: 15;\">450<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 607px; z-index: 15;\">485<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">VAT and <span class=\"wsf6\">other taxes payable<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 593px; z-index: 15;\">148<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 593px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Dividends payable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 578px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 578px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Due to reinsurers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 563px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 563px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Other liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 548px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 548px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff338 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff338 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 533px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff338 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 533px; z-index: 15;\">2,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d41 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1d42 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1d43 ff336 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Details o<span class=\"_ _2\"></span>f employee benefit<span class=\"_ _2\"></span> liabilities can <span class=\"_ _2\"></span>be found in <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">ote<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">6 <span class=\"lse1 wsf0\">section </span>6<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">.1 </span></span></span></div>\n<div class=\"t m0 x7 h4f y1d44 ff336 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee bene<span class=\"_ _2\"></span>fits. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d45 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d46 ff336 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line it<span class=\"_ _0\"></span>em <span class=\"ls0 ws0\">\u2018<span class=\"lse2 ws103\">Other li<span class=\"_ _2\"></span>abilities</span>\u2019 </span>includes payab<span class=\"_ _2b\"></span>les related to the cl<span class=\"_ _0\"></span>earing</div>\n<div class=\"t m0 x1a h4f y1d47 ff336 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of secur<span class=\"_ _0\"></span>ities tr<span class=\"_ _2b\"></span>ansactions,<span class=\"ls0 ws0\"> </span><span class=\"lse2\">collateral on </span><span class=\"wsf0\">interest rat<span class=\"_ _0\"></span>e swaps,<span class=\"ls0 ws0\"> <span class=\"lsfb wsfa\">cash </span></span></span></div>\n<div class=\"t m0 x1a h4f y1d48 ff336 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">received awai<span class=\"_ _2\"></span>ti<span class=\"lse0 wsf0\">ng al<span class=\"_ _0\"></span>location<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>to inv<span class=\"_ _2b\"></span>estments and sma<span class=\"_ _0\"></span>ll expense<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>to be </span></div>\n<div class=\"t m0 x1a h4f y1d49 ff336 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">paid.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1d4a ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d4b ff336 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Details of<span class=\"_ _0\"></span> derivati<span class=\"_ _0\"></span>ves can be fo<span class=\"_ _0\"></span>und in Note 27 D<span class=\"_ _0\"></span>erivati<span class=\"_ _0\"></span>ves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 397px; height: 428px; width: 86%; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">Pro<span class=\"_ _1\"></span>vi<span class=\"_ _2\"></span>sions</div>\n<div class=\"t m0 x7 h63 y714 ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">The provisions mainly relat<span class=\"_ _0\"></span>e to</div>\n<div class=\"t m0 x7 h63 y715 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">legal disputes and reorganisations</div>\n<div class=\"t m0 x7 h63 y716 ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">and are based on best estim<span class=\"_ _0\"></span>ates</div>\n<div class=\"t m0 x7 h63 y717 ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">available at period<span class=\"ls0\">-<span class=\"lsf8 ws16a\">end based on </span></span></div>\n<div class=\"t m0 x7 h63 y718 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">management judgement, in most</div>\n<div class=\"t m0 x7 h63 y719 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">cases supported by the opinion of</div>\n<div class=\"t m0 x7 h63 y71a ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">legal advisors. The tim<span class=\"_ _0\"></span>ing of the</div>\n<div class=\"t m0 x7 h63 y71b ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">outflow of cash related to these</div>\n<div class=\"t m0 x7 h63 y71c ff341 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">provisio<span class=\"ws0\">ns is by nature unce<span class=\"_ _0\"></span>rtain </span></div>\n<div class=\"t m0 x7 h63 y71d ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">given the unpredictability of the</div>\n<div class=\"t m0 x7 h63 y71e ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">outcome and the time involved in</div>\n<div class=\"t m0 x7 h63 y71f ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">concluding litigations/disp<span class=\"_ _0\"></span>utes. We</div>\n<div class=\"t m0 x7 h63 y1670 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">refer to note 43 Contingent</div>\n<div class=\"t m0 x7 h63 y1671 ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">liabilities, which<span class=\"_ _0\"></span> describes the</div>\n<div class=\"t m0 x7 h63 y1672 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">various ongoing litigation</div>\n<div class=\"t m0 x7 h63 y1673 ff341 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">proceedings.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff33f fs3a fc10 sc0 lse0 wsfa\" style=\"z-index: 15;\">Global s<span class=\"_ _0\"></span>ettlem<span class=\"_ _0\"></span>ent relat<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\"> </span>to the Fortis ev<span class=\"_ _2b\"></span>ents of 2007 an<span class=\"_ _2b\"></span>d 2008<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y725 ff33f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 14 Marc<span class=\"_ _2b\"></span>h 2016, Ageas <span class=\"_ _0\"></span>and the c<span class=\"_ _2b\"></span>laimant orga<span class=\"_ _0\"></span>nisations<span class=\"_ _2b\"></span> Deminor, Stic<span class=\"_ _2b\"></span>hting FortisEf<span class=\"_ _0\"></span>fect, St<span class=\"_ _2b\"></span>ichting</div>\n<div class=\"t m0 x26 h4f y726 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>or Claims Ag<span class=\"_ _2b\"></span>ainst Fortis (SIC<span class=\"_ _0\"></span>AF) and VEB<span class=\"_ _0\"></span> announc<span class=\"_ _0\"></span>ed a settlem<span class=\"_ _2b\"></span>ent proposal with<span class=\"_ _0\"></span> respect<span class=\"_ _0\"></span> to all</div>\n<div class=\"t m0 x26 h4f y727 ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">civil pro<span class=\"_ _2\"></span>ceedings re<span class=\"lse0 wsf0\">lated to th<span class=\"_ _0\"></span>e former F<span class=\"_ _0\"></span>ortis grou<span class=\"_ _0\"></span>p for events<span class=\"_ _0\"></span> in 2007 and 200<span class=\"_ _2b\"></span>8 <span class=\"_ _2\"></span>for a<span class=\"_ _0\"></span>n amount of </span></div>\n<div class=\"t m0 x26 h4f y728 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 1.2 bil<span class=\"_ _0\"></span>lion. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y729 ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y72a ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on, Ageas an<span class=\"_ _2b\"></span>nounced on 14 Marc<span class=\"_ _0\"></span>h 2016 that it als<span class=\"_ _2b\"></span>o reached an agree<span class=\"_ _2b\"></span>ment with the D&amp;O</div>\n<div class=\"t m0 x26 h4f y72b ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insurers<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>the D<span class=\"_ _0\"></span>&amp;O\u2019s invo<span class=\"_ _0\"></span>lved in lit<span class=\"_ _0\"></span>igation a<span class=\"_ _2b\"></span>nd BNP Paribas Fort<span class=\"_ _2b\"></span>is <span class=\"_ _2\"></span><span class=\"wsfa\">to s<span class=\"_ _2b\"></span>ettle for an am<span class=\"_ _0\"></span>ount of <span class=\"_ _0\"></span>EUR 29<span class=\"_ _0\"></span>0 </span></div>\n<div class=\"t m0 x26 h4f y72c ff33f fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">million.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ydf7 ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydf8 ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 24 Mar<span class=\"_ _2\"></span>ch 2017, the Ams<span class=\"_ _2\"></span>terdam Appeal Cour<span class=\"_ _2\"></span>t held a public hear<span class=\"_ _2\"></span>ing during which<span class=\"_ _2\"></span> it heard the</div>\n<div class=\"t m0 x26 h4f ydf9 ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">request to decla<span class=\"_ _2\"></span>re the settlement binding as<span class=\"_ _2\"></span> well as the arguments that were su<span class=\"_ _2\"></span>bmitted against it.</div>\n<div class=\"t m0 x26 h4f ydfa ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 16 June 2017, th<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">e C<span class=\"_ _0\"></span>ourt to<span class=\"_ _0\"></span>ok the int<span class=\"_ _0\"></span>erim d<span class=\"_ _0\"></span>ecision n<span class=\"_ _2b\"></span>ot to declare t<span class=\"_ _0\"></span>he settl<span class=\"_ _0\"></span>ement bi<span class=\"_ _2b\"></span>nding in its </span></div>\n<div class=\"t m0 x26 h4f ydfb ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial forma<span class=\"_ _2\"></span>t. On 12 December 2017, the petition<span class=\"_ _2\"></span>ers filed an amended and re<span class=\"_ _2\"></span>stated settlement with</div>\n<div class=\"t m0 x26 h4f ydfc ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Amsterdam App<span class=\"_ _2\"></span>eal Court. This amended set<span class=\"_ _2\"></span>tlement took into consideration<span class=\"_ _2\"></span> th<span class=\"lse0 wsfa\">e mai<span class=\"_ _0\"></span>n conce<span class=\"_ _2b\"></span>rns of </span></div>\n<div class=\"t m0 x26 h4f ydfd ff33f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the Court<span class=\"_ _0\"></span> and th<span class=\"_ _0\"></span>e overa<span class=\"_ _0\"></span>ll budg<span class=\"_ _0\"></span>et was rais<span class=\"_ _2b\"></span>ed by EUR 100 m<span class=\"_ _2b\"></span>illion to EUR<span class=\"ls0 ws0\"> </span>1.3 b<span class=\"_ _0\"></span>illion.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ydfe ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydff ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 13 <span class=\"_ _2\"></span>July 2018, the Ams<span class=\"_ _2\"></span>terdam Appeal Court <span class=\"_ _2\"></span>declared the settle<span class=\"_ _2\"></span>ment binding on El<span class=\"_ _2\"></span>igible</div>\n<div class=\"t m0 x26 h4f ye00 ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Shareholders<span class=\"_ _2\"></span> (i.e. persons who<span class=\"_ _2\"></span> held Fortis share<span class=\"_ _2\"></span>s at any time<span class=\"_ _2\"></span> bet<span class=\"lse0 wsf0\">ween c<span class=\"_ _0\"></span>lose of bus<span class=\"_ _0\"></span>iness on 28 </span></div>\n<div class=\"t m0 x26 h4f ye01 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Februa<span class=\"_ _0\"></span>ry 2007 and<span class=\"_ _0\"></span> close of busi<span class=\"_ _0\"></span>ness on 14 Oct<span class=\"_ _0\"></span>ober 2008) i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>acc<span class=\"_ _0\"></span>ordance w<span class=\"_ _2b\"></span>ith <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>Dutc<span class=\"_ _2b\"></span>h Act on</div>\n<div class=\"t m0 x26 h4f ye02 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Collect<span class=\"_ _0\"></span>ive Settl<span class=\"_ _2b\"></span>ement of Mass Claims<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>(Wet Co<span class=\"_ _2b\"></span>llectieve Afwik<span class=\"_ _2b\"></span>keling Massasc<span class=\"_ _0\"></span>hade, \"WC<span class=\"_ _0\"></span>AM\"). In</div>\n<div class=\"t m0 x26 h4f ye03 ff33f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">declari<span class=\"_ _0\"></span>ng the s<span class=\"_ _0\"></span>ettleme<span class=\"_ _0\"></span>nt bindi<span class=\"_ _0\"></span>ng, the <span class=\"_ _0\"></span>Court <span class=\"lse2 ws103\">believed the compensation o<span class=\"_ _2\"></span>ffered under the settlement </span></div>\n<div class=\"t m0 x26 h4f ye04 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">was reas<span class=\"_ _0\"></span>onable and t<span class=\"_ _0\"></span>hat the claim<span class=\"_ _2b\"></span>ant organisati<span class=\"_ _0\"></span>ons Demin<span class=\"_ _0\"></span>or, SICAF<span class=\"_ _0\"></span> and Fortis<span class=\"_ _2b\"></span>Effect were</div>\n<div class=\"t m0 x26 h4f ye05 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">suffici<span class=\"_ _0\"></span>ently re<span class=\"_ _0\"></span>presenta<span class=\"_ _0\"></span>tive of the i<span class=\"_ _0\"></span>nteres<span class=\"_ _0\"></span>ts of the benef<span class=\"_ _0\"></span>iciari<span class=\"_ _2b\"></span>es of the settlement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d1b ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d1c ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 21 Dec<span class=\"_ _2\"></span>ember 2018, Ageas <span class=\"ws103\">ann<span class=\"_ _2\"></span>ounced that it had decided<span class=\"_ _2\"></span> to provide clarity ahead of<span class=\"_ _2\"></span> time by </span></div>\n<div class=\"t m0 x26 h4f y1d1d ff33f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">waiving <span class=\"_ _2b\"></span>its terminatio<span class=\"_ _2b\"></span>n right. As a c<span class=\"_ _0\"></span>onsequ<span class=\"_ _0\"></span>ence of t<span class=\"_ _0\"></span>his the s<span class=\"_ _0\"></span>ettlem<span class=\"_ _0\"></span>ent becam<span class=\"_ _2b\"></span>e final. The cl<span class=\"_ _0\"></span>aims fil<span class=\"_ _2b\"></span>ing</div>\n<div class=\"t m0 x26 h4f y1d1e ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period s<span class=\"_ _2\"></span>tarted on 27 July 201<span class=\"_ _2\"></span>8 and ended on<span class=\"_ _2\"></span> 28 July 2019. A<span class=\"_ _2\"></span>s at 31 December<span class=\"_ _2\"></span> 2022, an am<span class=\"lse0 wsf0\">ount of </span></div>\n<div class=\"t m0 x26 h4f y1d1f ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">EUR 1,309 <span class=\"_ _2\"></span>million had already<span class=\"_ _2\"></span> been paid out <span class=\"_ _2\"></span>to Eligible Sharehol<span class=\"_ _2\"></span>ders.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d20 ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d5e ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 23 June 2022, Agea<span class=\"_ _2\"></span>s announced that, except<span class=\"_ _2\"></span> for a limited number of unresolve<span class=\"_ _2\"></span>d claims, the</div>\n<div class=\"t m0 x26 h4f y1d5f ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">settlem<span class=\"_ _2b\"></span>ent would be closed. F<span class=\"_ _0\"></span>inal pay<span class=\"_ _0\"></span>ments foll<span class=\"_ _2b\"></span>owed at the end of Aug<span class=\"_ _0\"></span>ust 2022. Th<span class=\"_ _2b\"></span>e p<span class=\"lse1 ws11d\">otential costs </span></div>\n<div class=\"t m0 x26 h4f y1d60 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">that Age<span class=\"_ _0\"></span>as has agree<span class=\"_ _0\"></span>d to bear for th<span class=\"_ _2b\"></span>e unresolved clai<span class=\"_ _0\"></span>ms have be<span class=\"_ _0\"></span>en provid<span class=\"_ _0\"></span>ed for in the pr<span class=\"_ _0\"></span>ovision</div>\n<div class=\"t m0 x26 h4f y1d61 ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">mentioned below<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d62 ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d63 ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The main<span class=\"_ _2\"></span> components of the<span class=\"_ _2\"></span> EUR<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">1.3</span> <span class=\"lse0 wsf0\">million provis<span class=\"_ _0\"></span>ion as at 31<span class=\"ls0 ws0\"> </span>Dece<span class=\"_ _0\"></span>mber 2022 (<span class=\"_ _2b\"></span>31<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsef\">Dec<span class=\"_ _2b\"></span>ember </span></span></span></div>\n<div class=\"t m0 x26 h4f y1d64 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2021: EUR<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">114 mill<span class=\"_ _2\"></span>ion)</span> <span class=\"lse0 wsef\">are:</span> </span></div>\n<div class=\"t m0 x26 h4f y1d65 ff342 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff343\"> <span class=\"_ _46\"> </span><span class=\"ff33f lsfa ws114\">E<span class=\"_ _2\"></span>UR</span><span class=\"ff33f\"> <span class=\"lse2 wsf1\">1,309 <span class=\"lse0 wsf0\">million relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to the W<span class=\"_ _2b\"></span>CAM settlement<span class=\"_ _0\"></span> agreeme<span class=\"_ _2b\"></span>nt; <span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1d66 ff342 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff343\"> <span class=\"_ _46\"> </span><span class=\"ff33f lsfa ws114\">E<span class=\"_ _2\"></span>UR</span><span class=\"ff33f\"> 1 <span class=\"lse0 wsfa\">million relat<span class=\"_ _2b\"></span>ed to the tail ri<span class=\"_ _0\"></span>sk;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1d67 ff342 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff343\"> <span class=\"_ _46\"> </span><span class=\"ff33f lse0 wsf0\">minus EUR</span><span class=\"ff33f\"> <span class=\"lse2 wsf1\">1,309 <span class=\"ws103\">milli<span class=\"_ _2\"></span>on already paid to eligible sh<span class=\"_ _2\"></span>areholders.</span></span> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 207px; height: 754px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 207px; height: 754px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff346 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The amounts are pr<span class=\"_ _2\"></span>esented under the line ite<span class=\"_ _2\"></span>m \u2018Provisions\u2019 <span class=\"lse0 wsfa\">in the stat<span class=\"_ _2b\"></span>ement of fina<span class=\"_ _0\"></span>ncial pos<span class=\"_ _2b\"></span>ition and the li<span class=\"_ _2b\"></span>ne item \u2018Chan<span class=\"_ _0\"></span>ge in prov<span class=\"_ _0\"></span>isions\u2019<span class=\"_ _0\"></span> in the i<span class=\"_ _0\"></span>ncome </span></div>\n<div class=\"t m0 x7 h4f y803 ff346 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff346 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y805 ff346 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Changes in provi<span class=\"_ _2\"></span>sions during the year are as<span class=\"_ _2\"></span> follows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff346 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff346 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y647 ff346 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y647 ff346 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1018px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff346 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff346 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff346 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff348 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff348 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 987px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff348 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 987px; z-index: 15;\">322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff346 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Transfer to Held <span class=\"lsec wsf3\">for S<span class=\"_ _2\"></span>ale<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2e4 h52 y603 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 972px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff346 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Acquisition and divestment o<span class=\"_ _0\"></span>f subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff346 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Increase (Decrease) in pro<span class=\"_ _0\"></span>visions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 943px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 943px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff346 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Utilised during the year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 928px; z-index: 15;\">(106)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 928px; z-index: 15;\">(127)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff346 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 913px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 913px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y60e ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 913px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y638 ff348 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y638 ff348 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 898px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff348 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 898px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 887px; height: 219px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 887px; height: 219px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag452": {
   "value": "\n<div class=\"t m0 x7 h6a y162e ff1fe fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">6.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y162f ff1fe fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Employee share and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1630 ff1fe fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">share<span class=\"ls0 ws0\">-</span>linked i<span class=\"_ _2\"></span>ncentive <span class=\"ls13e ws165\">plans<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1631 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas\u2019s re<span class=\"_ _2b\"></span>muneration pa<span class=\"_ _0\"></span>ckage fo<span class=\"_ _0\"></span>r its employe<span class=\"_ _0\"></span>es and Exec<span class=\"_ _2b\"></span>utive<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1632 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Committee and Man<span class=\"_ _2\"></span>agement Committee Members may<span class=\"_ _2\"></span> include share<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1633 ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">related ins<span class=\"_ _2\"></span>truments. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1634 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1635 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These be<span class=\"_ _0\"></span>nefits<span class=\"_ _0\"></span> can tak<span class=\"_ _0\"></span>e the form<span class=\"_ _0\"></span> of:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1636 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse2 wsfa\">R<span class=\"_ _2\"></span>estricted shares;</span><span class=\"ff1fa\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1637 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse2 wsf1\">Sh<span class=\"_ _2\"></span>are</span><span class=\"ff1fa\">-<span class=\"lse0 wsfa\">linked i<span class=\"_ _0\"></span>ncent<span class=\"_ _0\"></span>ives.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1638 ff1fa fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.2.1 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsfa\">Res<span class=\"_ _2\"></span>tricted shares</span> </span></div>\n<div class=\"t m0 x7 h4f y1639 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The membe<span class=\"_ _2b\"></span>rs of the Executive a<span class=\"_ _2b\"></span>nd Management Com<span class=\"_ _0\"></span>mitte<span class=\"_ _0\"></span>e benefit</div>\n<div class=\"t m0 x7 h4f y163a ff1fa fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">fro<span class=\"lse2 wsfa\">m a Long<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">term <span class=\"_ _0\"></span>incentiv<span class=\"_ _2b\"></span>e plan (LTI).<span class=\"_ _0\"></span> This pla<span class=\"_ _0\"></span>n consist<span class=\"_ _2b\"></span>s of the grant<span class=\"_ _0\"></span>ing </span></span></div>\n<div class=\"t m0 x7 h4f y163b ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of perfor<span class=\"_ _0\"></span>mance shar<span class=\"_ _2b\"></span>es which vest after a p<span class=\"_ _0\"></span>eriod of 3.<span class=\"_ _0\"></span>5 years<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">afte<span class=\"_ _0\"></span>r grant<span class=\"lsfc ws115\">. </span></span></div>\n<div class=\"t m0 x7 h4f y163c ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The numbe<span class=\"_ _0\"></span>r of shares to b<span class=\"_ _0\"></span>e granted u<span class=\"_ _0\"></span>nder this pl<span class=\"_ _0\"></span>an is based on t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y163d ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">\u201cAgeas Busine<span class=\"_ _2\"></span>ss Score\u201d which <span class=\"_ _2\"></span>is the result o<span class=\"_ _2\"></span><span class=\"lse0\">f t<span class=\"_ _0\"></span>he achi<span class=\"_ _0\"></span>evement<span class=\"_ _0\"></span> on the </span></div>\n<div class=\"t m0 x1a h4f y163e ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">corporat<span class=\"_ _2b\"></span>e KPI's. The vestin<span class=\"_ _0\"></span>g after 3.5 y<span class=\"_ _0\"></span>ears is sub<span class=\"_ _0\"></span>ject to a relat<span class=\"_ _0\"></span>ive total</div>\n<div class=\"t m0 x1a h4f y163f ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>older retu<span class=\"_ _0\"></span>rn (TSR) p<span class=\"_ _2b\"></span>erformance meas<span class=\"_ _2b\"></span>urement as comp<span class=\"_ _0\"></span>ared to a</div>\n<div class=\"t m0 x1a h4f y1640 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">peer group.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Aft<span class=\"_ _0\"></span>er vestin<span class=\"_ _0\"></span>g, the shar<span class=\"_ _2b\"></span>es will have to be held<span class=\"_ _0\"></span> for an</div>\n<div class=\"t m0 x1a h4f y1641 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">additional 1.<span class=\"_ _2\"></span>5 years (5<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">years in tot<span class=\"_ _0\"></span>al as of date of gr<span class=\"_ _0\"></span>ant). Aft<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>is </span></span></div>\n<div class=\"t m0 x1a h4f y1642 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">blocking period<span class=\"_ _2\"></span>, the beneficiaries may sel<span class=\"_ _2\"></span>l the vested shares under<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1643 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">certai<span class=\"_ _0\"></span>n conditi<span class=\"_ _2b\"></span>ons in line with t<span class=\"_ _2b\"></span>he Remunerati<span class=\"_ _2b\"></span>on Policy. You <span class=\"_ _0\"></span>find mor<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y1644 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">details<span class=\"_ _0\"></span> on the p<span class=\"_ _0\"></span>lan in th<span class=\"_ _0\"></span>e Report <span class=\"_ _2b\"></span>of the Remunerat<span class=\"_ _2b\"></span>ion Committe<span class=\"_ _2b\"></span>e sect<span class=\"ls102 ws11d\">ion<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1645 ff1fa fs3a fc14 sc0 lsfc ws115\" style=\"z-index: 15;\">A.6.<span class=\"_ _2\"></span>7<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1646 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1647 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For 2018 a tot<span class=\"_ _0\"></span>al of 35<span class=\"ls0 ws0\">,</span><span class=\"wsfa\">612 pe<span class=\"_ _0\"></span>rformanc<span class=\"_ _2b\"></span>e shares were c<span class=\"_ _2b\"></span>ommitted to be </span></div>\n<div class=\"t m0 x1a h4f y1648 ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">granted,<span class=\"_ _0\"></span> for 20<span class=\"_ _0\"></span>19 a tot<span class=\"_ _0\"></span>al of 51,3<span class=\"_ _0\"></span>93 per<span class=\"_ _0\"></span>formance <span class=\"_ _2b\"></span>shares were co<span class=\"_ _2b\"></span>mmitted</div>\n<div class=\"t m0 x1a h4f y1649 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to be grant<span class=\"_ _0\"></span>ed, for 2020 a t<span class=\"_ _0\"></span>otal of 53,2<span class=\"_ _2b\"></span>69 shares were comm<span class=\"_ _0\"></span>itted to be</div>\n<div class=\"t m0 x1a h4f y164a ff1fa fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">granted <span class=\"lse2 wsf1\">and </span><span class=\"wsf0\">for 2021 a tot<span class=\"_ _2b\"></span>al of <span class=\"lse2 ws103\">53,918<span class=\"_ _2\"></span> performance shares were<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x1a h4f y164b ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">committ<span class=\"_ _0\"></span>ed to be grant<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y164c ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y164d ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">For perfor<span class=\"_ _2b\"></span>mance year 2022 a tot<span class=\"_ _0\"></span>al of <span class=\"lse2 wsf1\">42,530<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">performanc<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsf0\">sha<span class=\"_ _0\"></span>res are </span></span></div>\n<div class=\"t m0 x1a h4f y164e ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">committ<span class=\"_ _0\"></span>ed to be <span class=\"_ _0\"></span>grante<span class=\"_ _0\"></span>d to the Ex<span class=\"_ _2b\"></span>ecutive and M<span class=\"_ _0\"></span>anagem<span class=\"_ _2b\"></span>ent Committe<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y164f ff1fa fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Members.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1650 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1651 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1652 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> shows the changes in commitme<span class=\"ls0 ws0\">n<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">ts of res<span class=\"_ _0\"></span>tricte<span class=\"_ _0\"></span>d shares d<span class=\"_ _0\"></span>uring the ye<span class=\"_ _0\"></span>ar for ExCo a<span class=\"_ _0\"></span>nd M<span class=\"lsfb wsfa\">co<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Members.</span> <span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1653 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h4f yc5a ff1fa fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 610px; z-index: 15;\">(number of shares in '<span class=\"wsf4\">0<span class=\"_ _0\"></span>00)<span class=\"fs3a ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x217 h52 yc5a ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 643px; bottom: 610px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 yc5a ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 610px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y1656 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 594px; z-index: 15;\"> </div>\n<div class=\"t m0 x2cb h52 y1656 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 664px; bottom: 594px; z-index: 15;\"> </div>\n<div class=\"t m0 x2cb h52 y1656 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 594px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h4f yc74 ff1fa fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Number of shares newly g<span class=\"_ _0\"></span>ranted<span class=\"fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 xdb h52 yc74 ff1fa fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 578px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h52 yc74 ff1fa fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 578px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h4f y1656 ff1fd fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 562px; z-index: 15;\">Number of restricted shares committed to be granted as at 1 March<span class=\"ff1fa fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h54 y1656 ff1fd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 649px; bottom: 562px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h54 y1656 ff1fd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 562px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h4f yc5a ff1fa fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 547px; z-index: 15;\">Restricted shares (cancelled) <span class=\"fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h4f yc5a ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 664px; bottom: 547px; z-index: 15;\"> <span class=\"fs3a\"> </span></div>\n<div class=\"t m0 x2cb h52 yc5a ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 547px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h4f y1656 ff1fa fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 531px; z-index: 15;\">Restricted shares vested<span class=\"fs3a ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h4f y1656 ff1fa fs3c fc14 sc0 ls0 ws0\" style=\"left: 664px; bottom: 531px; z-index: 15;\"> <span class=\"fs3a\"> </span></div>\n<div class=\"t m0 x2e3 h52 y1656 ff1fa fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 531px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h4f yc74 ff1fd fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Number of restricted shares committed to be <span class=\"lsef ws102\">granted a<span class=\"_ _2\"></span>s at 31 Decembe<span class=\"_ _2\"></span>r<span class=\"ff1fa fs3a ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2cb h54 yc74 ff1fd fs3c fc1f sc0 ls0 ws0\" style=\"left: 664px; bottom: 515px; z-index: 15;\">  </div>\n<div class=\"t m0 xd8 h54 yc74 ff1fd fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 515px; z-index: 15;\">158<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y165c ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y165d ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y165e ff1fa fs3a fc1f sc0 lsf4 ws10c\" style=\"z-index: 15;\">6.2.2 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Share<span class=\"_ _2\"></span></span>-<span class=\"lse0 wsfa\">linke<span class=\"_ _2b\"></span>d incentives<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y165f ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 20<span class=\"lse2 wsf1\">20<span class=\"lsf4 ws10c\">, </span>20<span class=\"ls0 ws0\">21<span class=\"_ _2\"></span> </span><span class=\"wsfa\">and 2022<span class=\"ls0 ws0\"> </span>Agea<span class=\"_ _2\"></span>s launched a shar<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\">-</span></span></span>linked i<span class=\"_ _2b\"></span>ncentive plan</div>\n<div class=\"t m0 x7 h4f y1660 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">for its senior<span class=\"_ _2\"></span> management. Depend<span class=\"ls102 ws11d\">ing<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">on the relative perf<span class=\"_ _0\"></span>ormanc<span class=\"_ _0\"></span>e of </span></span></span></div>\n<div class=\"t m0 x7 h4f y1661 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Ageas share<span class=\"_ _2\"></span> in relation to a peer group ov<span class=\"_ _2\"></span>er a period of the three</div>\n<div class=\"t m0 x7 h4f y1662 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">years following<span class=\"_ _2\"></span> the launch of each of the plan<span class=\"_ _2\"></span>s and <span class=\"wsf1\">the<span class=\"ls0 ws0\"> </span>condition<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>of </span></div>\n<div class=\"t m0 x7 h4f y1663 ff1fa fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">co<span class=\"lse2 wsfa\">ntinued empl<span class=\"_ _2\"></span>oyment<span class=\"lse0\">, th<span class=\"_ _0\"></span>e senior <span class=\"_ _0\"></span>manager<span class=\"_ _2b\"></span>s will be award<span class=\"_ _0\"></span>ed a cash </span></span></div>\n<div class=\"t m0 x7 h4f y1664 ff1fa fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">payment equal<span class=\"_ _2\"></span> to a value:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1665 ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1666 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse0 wsf0\">between 0 and the val<span class=\"_ _0\"></span>ue of 135,<span class=\"_ _0\"></span>480<span class=\"ls0 ws0\"> A<span class=\"lse2 wsfa\">geas share<span class=\"_ _2\"></span>s on 1 April<span class=\"_ _2\"></span> 202</span>3 </span></span></span></div>\n<div class=\"t m0 x25a h4f y1667 ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(plan 20<span class=\"_ _0\"></span><span class=\"wsef\">20);<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1668 ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa lse0 wsf0\">between 0 and the val<span class=\"_ _0\"></span>ue of 1<span class=\"lse2 wsf1\">41<span class=\"ls0 ws0\">,</span>400<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Agea<span class=\"_ _2\"></span>s shares on 1 Apri<span class=\"_ _2\"></span>l 202<span class=\"ls0 ws0\">4 </span></span></span></span></span></div>\n<div class=\"t m0 x25a h4f y1669 ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(plan 202<span class=\"ls0 ws0\">1<span class=\"_ _2\"></span>); </span></div>\n<div class=\"t m0 x1a h4f y166a ff1ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff200\"> <span class=\"_ _46\"> </span><span class=\"ff1fa\">b<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">etwee<span class=\"_ _0\"></span>n 0 an<span class=\"lse2 wsfa\">d the value o<span class=\"_ _2\"></span>f 151,200 Ageas s<span class=\"_ _2\"></span>hares on 1 Apri<span class=\"_ _2\"></span>l 202<span class=\"ls0 ws0\">5 </span></span></span></span></span></div>\n<div class=\"t m0 x25a h4f y166b ff1fa fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(plan 2022)<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y166c ff1fa fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y166d ff1fa fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The liab<span class=\"_ _0\"></span>ility of t<span class=\"_ _2b\"></span>hese cash<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">settl<span class=\"_ _0\"></span>ed trans<span class=\"_ _0\"></span>actions is d<span class=\"_ _2b\"></span>etermined at fair val<span class=\"_ _2b\"></span>ue </span></div>\n<div class=\"t m0 x1a h4f y166e ff1fa fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">at each rep<span class=\"_ _0\"></span>orting d<span class=\"_ _0\"></span>ate.<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 330px; height: 636px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag450": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls144 ws16d\" style=\"z-index: 15;\">Re<span class=\"_ _2\"></span>l<span class=\"_ _58\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>d</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">pa<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h63 y714 ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">The law of 28 April 2020</div>\n<div class=\"t m0 x7 h63 y715 ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">implementing Direc<span class=\"lsf6 ws0\">tive 2017/828 of </span></div>\n<div class=\"t m0 x7 h63 y716 ff203 fs40 fc14 sc0 lsf8 ws16a\" style=\"z-index: 15;\">the European Parlia<span class=\"_ _2\"></span>ment and the</div>\n<div class=\"t m0 x7 h63 y717 ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Council (the Second Shareholder</div>\n<div class=\"t m0 x7 h63 y718 ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Rights Directive or SRD II)<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h63 y719 ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">introduced a new regime for related</div>\n<div class=\"t m0 x7 h63 y71a ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">party transactions, which<span class=\"_ _0\"></span> is</div>\n<div class=\"t m0 x7 h63 y71b ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">applicable to all the members of the</div>\n<div class=\"t m0 x7 h63 y71c ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Ageas group and entered into force</div>\n<div class=\"t m0 x7 h63 y71d ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">on 16 May <span class=\"lsf8 ws10f\">2020. Among other </span></div>\n<div class=\"t m0 x7 h63 y71e ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">elements, this new regim<span class=\"_ _0\"></span>e entails a</div>\n<div class=\"t m0 x7 h63 y71f ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">reinforced obligation for Ageas to</div>\n<div class=\"t m0 x7 h63 y1670 ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">report on the application of the</div>\n<div class=\"t m0 x7 h63 y1671 ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">related party transactio<span class=\"_ _0\"></span>ns</div>\n<div class=\"t m0 x7 h63 y1672 ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">procedure, both immediately upon</div>\n<div class=\"t m0 x7 h63 y1673 ff203 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">occurrence of the transact<span class=\"_ _0\"></span>ion as</div>\n<div class=\"t m0 x7 h63 y1674 ff203 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">well as in the annual report for the</div>\n<div class=\"t m0 x7 h63 y1675 ff203 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">rele<span class=\"ws0\">vant financial year. <span class=\"ls0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y724 ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Parties<span class=\"_ _0\"></span> related to A<span class=\"_ _2b\"></span>geas include ass<span class=\"_ _0\"></span>ociates a<span class=\"_ _0\"></span>nd joint vent<span class=\"_ _2b\"></span>ures<span class=\"lse2 ws103\">, pension funds<span class=\"_ _2\"></span>, Board <span class=\"ls0 ws0\">M</span></span>embers (i.<span class=\"_ _0\"></span>e.</div>\n<div class=\"t m0 x26 h4f y725 ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">N<span class=\"lse2 wsf1\">on</span>-E<span class=\"_ _2\"></span><span class=\"lse2 wsfa\">xecutive and </span>E<span class=\"_ _2\"></span><span class=\"lse0 wsef\">xecut<span class=\"_ _0\"></span>ive <span class=\"ls0 ws0\">M</span><span class=\"wsf0\">embers of th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>Age<span class=\"_ _0\"></span>as Board of Di<span class=\"_ _0\"></span>rector<span class=\"_ _0\"></span>s), <span class=\"ls0 ws0\">e<span class=\"lsfb wsfa\">xecu<span class=\"_ _2\"></span>tive </span>m<span class=\"lse2 wsfa\">a<span class=\"_ _2\"></span>nagers, close </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y726 ff201 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">family members<span class=\"_ _2\"></span> of any individual refer<span class=\"lse0 wsfa\">red to abov<span class=\"_ _0\"></span>e, entit<span class=\"_ _0\"></span>ies co<span class=\"_ _0\"></span>ntrolle<span class=\"_ _0\"></span>d or sig<span class=\"_ _0\"></span>nifican<span class=\"_ _0\"></span>tly infl<span class=\"_ _2b\"></span>uenced by </span></div>\n<div class=\"t m0 x26 h4f y727 ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any indiv<span class=\"_ _0\"></span>idual ref<span class=\"_ _0\"></span>erred to ab<span class=\"_ _0\"></span>ove and othe<span class=\"_ _2b\"></span>r related entiti<span class=\"_ _0\"></span>es. Ageas fr<span class=\"_ _2b\"></span>equently enters<span class=\"_ _0\"></span> into tran<span class=\"_ _0\"></span>sactio<span class=\"_ _0\"></span>ns</div>\n<div class=\"t m0 x26 h4f y728 ff201 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">with re<span class=\"_ _0\"></span>lated pa<span class=\"_ _0\"></span>rties in t<span class=\"_ _2b\"></span>he course of i<span class=\"_ _0\"></span>ts busi<span class=\"_ _0\"></span>ness ope<span class=\"_ _0\"></span>rations<span class=\"_ _0\"></span>. Such t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions ma<span class=\"_ _0\"></span>inly <span class=\"lse2\">concern loans, </span></div>\n<div class=\"t m0 x26 h4f y729 ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deposit<span class=\"_ _0\"></span>s and reins<span class=\"_ _0\"></span>urance c<span class=\"_ _0\"></span>ontracts a<span class=\"_ _2b\"></span>nd are entered into<span class=\"_ _0\"></span> under the same c<span class=\"_ _2b\"></span>ommercial and mar<span class=\"_ _2b\"></span>ket</div>\n<div class=\"t m0 x26 h4f y72a ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">terms that<span class=\"_ _0\"></span> apply to no<span class=\"_ _0\"></span>n<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">related p<span class=\"_ _2\"></span>arties.</span> </span></div>\n<div class=\"t m0 x26 h4f y72b ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y72c ff201 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas compani<span class=\"_ _2\"></span>es may grant cred<span class=\"_ _2\"></span>its, loans or guar<span class=\"_ _2\"></span>antees in the no<span class=\"_ _2\"></span>rmal course of bu<span class=\"_ _2\"></span>siness to Board</div>\n<div class=\"t m0 x26 h4f ydf7 ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">M<span class=\"lse0 wsf0\">embers and </span>e<span class=\"lse0 wsef\">xecut<span class=\"_ _0\"></span>ive <span class=\"ls0 ws0\">m<span class=\"lse2 wsfa\">anagers or<span class=\"_ _2\"></span> to close family<span class=\"_ _2\"></span> members of the<span class=\"_ _2\"></span> Board </span>M</span><span class=\"wsf0\">embers or clos<span class=\"_ _2b\"></span>e family </span></span></div>\n<div class=\"t m0 x26 h4f ydf8 ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">members of<span class=\"_ _0\"></span> <span class=\"ls0 ws0\">e<span class=\"lsfb wsfa\">xecu<span class=\"_ _2\"></span>tive </span>m<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">anagers.</span> </span></div>\n<div class=\"t m0 x26 h4f ydf9 ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydfa ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As at 31<span class=\"ls0 ws0\"> </span><span class=\"wsef\">Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2022</span></span><span class=\"wsf0\">, no outst<span class=\"lse2 wsf1\">anding<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">or new<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>loans, credits or <span class=\"_ _2\"></span>bank guarantees ha<span class=\"ls0 ws0\">d<span class=\"_ _2\"></span> </span></span>been </span></span></span></div>\n<div class=\"t m0 x26 h4f ydfb ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">granted t<span class=\"_ _0\"></span>o Board <span class=\"ls0 ws0\">M</span>embers<span class=\"_ _0\"></span> and <span class=\"ls0 ws0\">e</span><span class=\"wsef\">xecutive <span class=\"ls0 ws0\">m<span class=\"lse2 wsfa\">anagers or to <span class=\"_ _2\"></span>close family member<span class=\"_ _2\"></span>s of the Board </span></span></span></div>\n<div class=\"t m0 x26 h4f ydfc ff201 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">members a<span class=\"_ _2b\"></span>nd close family mem<span class=\"_ _0\"></span>bers of exe<span class=\"_ _0\"></span>cutive ma<span class=\"_ _0\"></span>nagers.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ydfd ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydfe ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">D<span class=\"lse2 wsf1\">uring</span> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">fin<span class=\"_ _0\"></span>ancial ye<span class=\"_ _0\"></span>ar 2022, no t<span class=\"_ _0\"></span>ransact<span class=\"_ _0\"></span>ions took pl<span class=\"_ _0\"></span>ace with<span class=\"_ _0\"></span>in the Ageas<span class=\"_ _0\"></span> group w<span class=\"_ _0\"></span>hich trigg<span class=\"_ _2b\"></span>ered the </span></div>\n<div class=\"t m0 x26 h4f ydff ff201 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">application<span class=\"_ _2\"></span> of the procedure.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ye00 ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ye01 ff201 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Transactions<span class=\"_ _2\"></span> and outstanding ba<span class=\"_ _2\"></span>lances between full<span class=\"_ _2\"></span>y<span class=\"ls0 ws0\">-</span>consolidated en<span class=\"_ _2\"></span>tities of Ageas g<span class=\"_ _2\"></span>roup are</div>\n<div class=\"t m0 x26 h4f ye02 ff201 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">eliminat<span class=\"_ _2b\"></span>ed. <span class=\"lse2 ws103\">The<span class=\"_ _2\"></span> tables below show the ou</span><span class=\"wsf0\">tstanding bal<span class=\"_ _2b\"></span>ances with associat<span class=\"_ _2b\"></span>es and joint ventur<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f ye03 ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff204 fs3c fc1f sc0 ls0 ws0\" style=\"left: 324px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f9 ff201 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 668px; bottom: 486px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y5f9 ff201 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 486px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff201 fs3c fc1f sc0 lsec ws100\" style=\"left: 324px; bottom: 470px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent <span class=\"ls0 ws0\">- <span class=\"lse4 wsf3\">related parties</span> </span></div>\n<div class=\"t m0 x13c h52 y60e ff201 fs3c fc1f sc0 ls0 ws0\" style=\"left: 688px; bottom: 470px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y60e ff205 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 470px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff201 fs3c fc14 sc0 lse7 ws0\" style=\"left: 324px; bottom: 455px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st inco<span class=\"_ _2b\"></span>me<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f9 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 455px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f9 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 455px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff201 fs3c fc14 sc0 lsef ws102\" style=\"left: 324px; bottom: 440px; z-index: 15;\">Insur<span class=\"_ _2\"></span>ance prem<span class=\"_ _2\"></span>iums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f7 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 440px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f7 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 440px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 426px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y5fc ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 683px; bottom: 426px; z-index: 15;\">5</div>\n<div class=\"t m0 x1d h52 y5fc ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 426px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5f7 ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 411px; z-index: 15;\">Realised gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f7 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 688px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x45 h52 y5f7 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 411px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 396px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y5ff ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 683px; bottom: 396px; z-index: 15;\">4</div>\n<div class=\"t m0 x1d h52 y5ff ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 396px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y601 ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 381px; z-index: 15;\">Change in provision for<span class=\"_ _0\"></span> insurance and investment con<span class=\"_ _0\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y601 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 381px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y601 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 381px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 366px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5ff ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 366px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5ff ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 366px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y167f ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1680 ff201 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff201 fs3c fc1f sc0 ls0 ws0\" style=\"left: 324px; bottom: 319px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y601 ff201 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 668px; bottom: 319px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y601 ff201 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 319px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff201 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 324px; bottom: 303px; z-index: 15;\">Statement of financial position <span class=\"ls0 ws0\">- </span>related parties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y603 ff205 fs3c fc1f sc0 ls0 ws0\" style=\"left: 688px; bottom: 303px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y603 ff205 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 303px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff201 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 289px; z-index: 15;\">Financial Investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 289px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 289px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff201 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 274px; z-index: 15;\">Reinsurance share, trade and other receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y603 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 274px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y603 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 274px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 259px; z-index: 15;\">Related party <span class=\"wsf4\">loans<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x43 h52 y608 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 259px; z-index: 15;\">488<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y608 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 259px; z-index: 15;\">482<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff201 fs3c fc14 sc0 lse8 wsf9\" style=\"left: 324px; bottom: 244px; z-index: 15;\">Other assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y632 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 244px; z-index: 15;\">9</div>\n<div class=\"t m0 x1f4 h52 y632 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 789px; bottom: 244px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f2 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 229px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y5f2 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 688px; bottom: 229px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y5f2 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 229px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y632 ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 214px; z-index: 15;\">Liabilities arising from i<span class=\"_ _0\"></span>nsurance and investment con<span class=\"_ _0\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y632 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 677px; bottom: 214px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y632 ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 214px; z-index: 15;\">45<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 199px; z-index: 15;\">Debt certificates, subordinated liabili<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ies and o<span class=\"_ _0\"></span>ther borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y5f9 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 199px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f4 h52 y5f9 ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 789px; bottom: 199px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y60e ff201 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 185px; z-index: 15;\">Other liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y60e ff201 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 185px; z-index: 15;\">9</div>\n<div class=\"t m0 x66 h52 y60e ff201 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 185px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 174px; height: 787px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1030 ff208 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The changes in<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">l<span class=\"lse0 wsfa\">oans t<span class=\"_ _2b\"></span>o related part<span class=\"_ _0\"></span>ies duri<span class=\"_ _2b\"></span>ng the year ende<span class=\"_ _2b\"></span>d 31<span class=\"ls0 ws0\"> </span>December are <span class=\"_ _0\"></span>as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x14d h52 y603 ff208 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1069px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y603 ff208 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1069px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff208 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1069px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff208 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1053px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff20a fs3c fc1f sc0 ls0 ws0\" style=\"left: 624px; bottom: 1053px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff20a fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1053px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff20b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1038px; z-index: 15;\">Related party loans a<span class=\"_ _0\"></span>s at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff20b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1038px; z-index: 15;\">482<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff20b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1038px; z-index: 15;\">433<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff208 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1023px; z-index: 15;\">Additions or advances<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff208 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1023px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff208 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1023px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff208 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1009px; z-index: 15;\">Repayments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y632 ff208 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 1009px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y632 ff208 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 1009px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff208 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 994px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff208 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 994px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff208 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 994px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff20b fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 979px; z-index: 15;\">Related party loans a<span class=\"_ _0\"></span>s at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 ydd0 ff20b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 609px; bottom: 979px; z-index: 15;\">488<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 ydd0 ff20b fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 979px; z-index: 15;\">482<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 968px; height: 138px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag455": {
   "value": "\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Informat<span class=\"_ _2\"></span>ion on<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">opera<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ing<span class=\"_ _0\"></span> se<span class=\"_ _0\"></span>gments</div>\n<div class=\"t m0 x7 h6a y724 ff20f fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x7 h6a ydeb ff20f fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">General informat<span class=\"_ _2b\"></span>i<span class=\"_ _2\"></span>on <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16a2 ff20d fs3a fc1f sc0 lse0 wsfa\" style=\"z-index: 15;\">Operati<span class=\"_ _0\"></span>ng seg<span class=\"lsfc ws115\">ments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a3 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas is o<span class=\"_ _2\"></span>rganised in <span class=\"lsfc ws115\">fi<span class=\"_ _2\"></span>ve<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">operating s<span class=\"_ _2b\"></span>egments:<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y16a4 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d ls102 ws11d\">Be<span class=\"_ _2\"></span>lgium;</span><span class=\"ff20d\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a5 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d lse0 wsf0\">Europe (exclud<span class=\"_ _0\"></span>ing Belgiu<span class=\"_ _2b\"></span>m);<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y16a6 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d lsfb wsfa\">A<span class=\"_ _2\"></span>sia;</span><span class=\"ff20d\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a7 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d lse2 ws103\">R<span class=\"_ _2\"></span>einsurance; and</span><span class=\"ff20d\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a8 ff210 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff211\"> <span class=\"_ _46\"> </span><span class=\"ff20d lse2 wsfa\">Ge<span class=\"_ _2\"></span>neral Account.</span><span class=\"ff20d\"> </span></span></div>\n<div class=\"t m0 x7 h4f y16a9 ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16aa ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas has d<span class=\"_ _2\"></span>ecided that the<span class=\"_ _2\"></span> most appropriate w<span class=\"_ _2\"></span>ay of reporting <span class=\"_ _2\"></span>operating</div>\n<div class=\"t m0 x7 h4f y16ab ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">segments under<span class=\"_ _2\"></span> IFRS is per<span class=\"_ _2\"></span> region in which A<span class=\"_ _2\"></span>geas opera<span class=\"lsf4 ws114\">tes, i.e. </span></div>\n<div class=\"t m0 x7 h4f y16ac ff20d fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Belgium, <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">Europe (excluding<span class=\"_ _2\"></span> Belgium),<span class=\"ls0 ws0\"> </span><span class=\"lse0\">Asia and R<span class=\"_ _2b\"></span>einsurance. I<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x7 h4f y16ad ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">additio<span class=\"_ _2b\"></span>n, Ageas reports act<span class=\"_ _0\"></span>ivities t<span class=\"_ _0\"></span>hat are not re<span class=\"_ _2b\"></span>lated to the core</div>\n<div class=\"t m0 x7 h4f y16ae ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce busin<span class=\"_ _0\"></span>ess, such as G<span class=\"_ _0\"></span>roup fina<span class=\"_ _0\"></span>ncing an<span class=\"_ _0\"></span>d other hol<span class=\"_ _0\"></span>ding</div>\n<div class=\"t m0 x7 h4f y16af ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">activit<span class=\"_ _0\"></span>ies, in the Ge<span class=\"_ _0\"></span>neral Acc<span class=\"_ _0\"></span>ount, wh<span class=\"_ _0\"></span>ich is treat<span class=\"_ _2b\"></span>ed as a <span class=\"_ _2\"></span>sep<span class=\"_ _0\"></span>arate</div>\n<div class=\"t m0 x7 h4f y16b0 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ng segm<span class=\"_ _2b\"></span>ent. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16b1 ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16b2 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This segm<span class=\"_ _0\"></span>ent approa<span class=\"_ _0\"></span>ch is cons<span class=\"_ _0\"></span>istent wit<span class=\"_ _0\"></span>h the scopes of<span class=\"_ _0\"></span> manage<span class=\"_ _0\"></span>ment</div>\n<div class=\"t m0 x7 h4f y16b3 ff20d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">responsibili<span class=\"_ _2\"></span>ties.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16b4 ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16b5 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Transac<span class=\"_ _0\"></span>tions bet<span class=\"_ _0\"></span>ween the di<span class=\"_ _0\"></span>fferent<span class=\"_ _0\"></span> business<span class=\"_ _2b\"></span>es are executed un<span class=\"_ _0\"></span>der</div>\n<div class=\"t m0 x7 h4f y16b6 ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">standard commer<span class=\"_ _2\"></span>cial terms and conditions.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16b7 ff20d fs3a fc1f sc0 lse2 ws103\" style=\"z-index: 15;\">Allocation rul<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y16b8 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In accord<span class=\"_ _0\"></span>ance<span class=\"ls0 ws0\"> </span>with Age<span class=\"_ _2b\"></span>as\u2019s business mod<span class=\"_ _2b\"></span>el, insurance com<span class=\"_ _0\"></span>panies</div>\n<div class=\"t m0 x7 h4f y16b9 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">report sup<span class=\"_ _2b\"></span>port activities d<span class=\"_ _2b\"></span>irectly in the<span class=\"lse2 wsfa\">ir operating segmen<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x7 h4f y16ba ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16bb ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">When al<span class=\"_ _0\"></span>locating <span class=\"_ _2b\"></span>items from the <span class=\"_ _2b\"></span>statement of fi<span class=\"_ _2b\"></span>nancial positi<span class=\"_ _2b\"></span>on to</div>\n<div class=\"t m0 x7 h4f y16bc ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">operati<span class=\"_ _0\"></span>ng segm<span class=\"_ _2b\"></span>ents, a bottom<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">up approach is us<span class=\"_ _2b\"></span>ed based on the </span></span></div>\n<div class=\"t m0 x7 h4f y16bd ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">products sold<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse1 ws11d\">to external customers. </span> </span></div>\n<div class=\"t m0 x7 h4f y16be ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y16bf ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">For the it<span class=\"_ _2b\"></span>ems in the state<span class=\"_ _2b\"></span>ment of financi<span class=\"_ _2b\"></span>al position no<span class=\"_ _0\"></span>t relat<span class=\"_ _0\"></span>ed to</div>\n<div class=\"t m0 x7 h4f y16c0 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">product<span class=\"_ _0\"></span>s sold t<span class=\"_ _0\"></span>o custo<span class=\"_ _0\"></span>mers, a t<span class=\"_ _0\"></span>ailor<span class=\"ls0 ws0\">-</span><span class=\"lse2\">made methodology <span class=\"_ _2\"></span>adapted to the<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y16c1 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">specific bu<span class=\"_ _2\"></span>siness model of ea<span class=\"_ _2\"></span>ch reportable seg<span class=\"_ _2\"></span>ment is applied.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y724 ff20f fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls100 ws11a\">.2</span> </div>\n<div class=\"t m0 x1a h6a ydeb ff20f fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Belgiu<span class=\"_ _2\"></span>m<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y16a2 ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The Belgian in<span class=\"_ _2\"></span>surance activities, opera<span class=\"_ _2\"></span>ting under the name of</div>\n<div class=\"t m0 x1a h4f y16a3 ff20d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">AG<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">Insurance,<span class=\"_ _0\"></span> have a l<span class=\"_ _0\"></span>ongsta<span class=\"_ _0\"></span>nding hi<span class=\"_ _0\"></span>story. <span class=\"_ _0\"></span>AG<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Insurance <span class=\"_ _2\"></span><span class=\"lsfa ws114\">owns</span></span> </span><span class=\"wsef\">100%<span class=\"ls0 ws0\"> </span>of<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y16a4 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Real Est<span class=\"_ _0\"></span>ate, which m<span class=\"_ _2b\"></span>anages <span class=\"ls102 ws11d\">AG\u2019s<span class=\"ls0 ws0\"> </span></span>real estate activ<span class=\"_ _0\"></span>ities<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y16a5 ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y16a6 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance targets <span class=\"_ _0\"></span>private i<span class=\"_ _2b\"></span>ndividuals as w<span class=\"_ _2b\"></span>ell as small, m<span class=\"_ _0\"></span>edium<span class=\"ls0 ws0\">-</span><span class=\"lsfb\">sized </span></div>\n<div class=\"t m0 x1a h4f y16a7 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and larg<span class=\"_ _0\"></span>e compani<span class=\"_ _0\"></span>es. It offer<span class=\"_ _0\"></span>s its cust<span class=\"_ _0\"></span>omers a comp<span class=\"_ _2b\"></span>rehensive rang<span class=\"_ _0\"></span>e of</div>\n<div class=\"t m0 x1a h4f y16a8 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Life and Non<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">life in<span class=\"_ _0\"></span>surance t<span class=\"_ _0\"></span>hrough v<span class=\"_ _0\"></span>arious cha<span class=\"_ _2b\"></span>nnels such as </span></span></div>\n<div class=\"t m0 x1a h4f y16a9 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">independent<span class=\"_ _2\"></span> brokers and via <span class=\"_ _2\"></span>the bank channels <span class=\"_ _2\"></span>of BNP Paribas</div>\n<div class=\"t m0 x1a h4f y16aa ff20d fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">Fortis<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 ws103\">SA/NV and its subsidiarie<span class=\"_ _2\"></span>s. AG</span> <span class=\"lse2 wsfa\">Employee Bene<span class=\"_ _2\"></span>fits i<span class=\"lse0\">s the </span></span></span></div>\n<div class=\"t m0 x1a h4f y16ab ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dedicat<span class=\"_ _0\"></span>ed busin<span class=\"_ _0\"></span>ess unit off<span class=\"_ _0\"></span>ering gr<span class=\"_ _0\"></span>oup pensio<span class=\"_ _0\"></span>n and healt<span class=\"_ _0\"></span>h care</div>\n<div class=\"t m0 x1a h4f y16ac ff20d fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">solutio<span class=\"_ _0\"></span>ns<span class=\"lse2 ws103\">, mainly to larger enterp<span class=\"_ _2\"></span>rises.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h6a y16c2 ff20f fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls10b ws12e\">.3</span> </div>\n<div class=\"t m0 x1a h6a y16c3 ff20f fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Europe (excluding Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y16c4 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Europe co<span class=\"_ _0\"></span>nsists of t<span class=\"_ _0\"></span>he insura<span class=\"_ _0\"></span>nce activ<span class=\"_ _2b\"></span>ities of Ageas in Euro<span class=\"_ _0\"></span>pe,</div>\n<div class=\"t m0 x1a h4f y16c5 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">excluding Be<span class=\"_ _2\"></span>lgium. Ageas is a<span class=\"_ _2\"></span>ctive in Portugal<span class=\"_ _2\"></span>, <span class=\"lsf4 ws10c\">UK, </span><span class=\"wsf1\">France<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">and </span></span></span><span class=\"lsfb\">T\u00fcr<span class=\"_ _2\"></span>kiye<span class=\"lsf4 ws10c\">. </span></span></div>\n<div class=\"t m0 x1a h4f y16c6 ff20d fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The product<span class=\"_ _2\"></span> range includes<span class=\"_ _2\"></span> Life (in Portuga<span class=\"ls0 ws0\">l<span class=\"_ _2\"></span>, </span><span class=\"wsf1\">France<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">and </span></span></span><span class=\"lsfb\">T<span class=\"_ _2\"></span>\u00fcrkiye<span class=\"lse0 wsf0\">) and </span></span></div>\n<div class=\"t m0 x1a h4f y16c7 ff20d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">life<span class=\"_ _2\"></span> (in Portugal<span class=\"lsfa ws136\">, UK<span class=\"_ _2\"></span> </span></span>and <span class=\"lse1 wsf0\">T\u00fcrkiye<span class=\"ws11d\">). Access to <span class=\"lse0 wsfa\">markets is f<span class=\"_ _2b\"></span>acilitated </span></span></span></div>\n<div class=\"t m0 x1a h4f y16c8 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">by a number of<span class=\"_ _0\"></span> key partn<span class=\"_ _0\"></span>erships w<span class=\"_ _0\"></span>ith compa<span class=\"_ _2b\"></span>nies having a sizea<span class=\"_ _0\"></span>ble</div>\n<div class=\"t m0 x1a h4f y16c9 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">positio<span class=\"_ _0\"></span>n in their res<span class=\"_ _2b\"></span>pective markets.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y16ca ff20d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y16cb ff20d fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas\u2019<span class=\"ls0 ws0\">s <span class=\"_ _2\"></span></span><span class=\"wsfa\">UK business is<span class=\"_ _2\"></span> one of the establi<span class=\"_ _2\"></span>shed general insur<span class=\"_ _2\"></span>ers in the </span></div>\n<div class=\"t m0 x1a h4f y16cc ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">UK, adopt<span class=\"_ _0\"></span>ing a mult<span class=\"_ _0\"></span>i<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">channel <span class=\"_ _2\"></span>distribution stra<span class=\"_ _2\"></span>tegy across b<span class=\"wsf1\">rokers<span class=\"_ _2\"></span>, </span></span></span></div>\n<div class=\"t m0 x1a h4f y16cd ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">affinity par<span class=\"_ _2\"></span>tners and direct distribution. T<span class=\"_ _2\"></span>he vision is to profitably<span class=\"_ _2\"></span> grow in</div>\n<div class=\"t m0 x1a h4f y16ce ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the UK ge<span class=\"_ _2b\"></span>neral insuranc<span class=\"_ _2b\"></span>e market thro<span class=\"_ _0\"></span>ugh the d<span class=\"_ _0\"></span>elivery <span class=\"_ _2b\"></span>of a wide range <span class=\"_ _2b\"></span>of</div>\n<div class=\"t m0 x1a h4f y16cf ff20d fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">insurance solu<span class=\"_ _2\"></span>tions, focusing on personal lin<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h6a y16d0 ff20f fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8.<span class=\"_ _2\"></span>4</div>\n<div class=\"t m0 x1a h6a y16d1 ff20f fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y16d2 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas is act<span class=\"_ _2b\"></span>ive in a number of count<span class=\"_ _2b\"></span>rie<span class=\"ls102 ws115\">s in<span class=\"_ _2\"></span> Asia<span class=\"lsf4 ws114\">. It has a<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">regional office </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y16d3 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">based in <span class=\"_ _0\"></span>Hong Kon<span class=\"_ _2b\"></span>g. The activiti<span class=\"_ _0\"></span>es are o<span class=\"_ _0\"></span>rganis<span class=\"_ _0\"></span>ed in the f<span class=\"_ _2b\"></span>orm of joint</div>\n<div class=\"t m0 x1a h4f y16d4 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>es with lea<span class=\"_ _0\"></span>ding local p<span class=\"_ _0\"></span>artners a<span class=\"_ _2b\"></span>nd financial instit<span class=\"_ _2b\"></span>utions in China<span class=\"ls0 ws0\">, </span></div>\n<div class=\"t m0 x1a h4f y16d5 ff20d fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">Malay<span class=\"_ _2\"></span>sia<span class=\"lsf4 ws10c\">, <span class=\"lse2 wsf1\">Thailan<span class=\"_ _2\"></span>d</span>, <span class=\"ls102 ws11d\">India<span class=\"ls105 ws12a\">, The<span class=\"_ _2\"></span> </span>Philippines<span class=\"ls0 ws0\"> </span></span></span><span class=\"lse2\">and<span class=\"_ _2\"></span> Vietnam<span class=\"lsf4 ws114\">. T<span class=\"lse0 wsef\">hese <span class=\"ls106 ws124\">activitie<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y16d6 ff20d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are accou<span class=\"_ _2b\"></span>nted for as equity assoc<span class=\"_ _2b\"></span>iates<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">under IFRS<span class=\"_ _2\"></span></span></span><span class=\"wsfa\">, e<span class=\"_ _0\"></span>xcept fo<span class=\"_ _0\"></span>r AFLI<span class=\"ls0 ws0\">C </span></span></div>\n<div class=\"t m0 x1a h4f y16d7 ff20d fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">which is<span class=\"_ _0\"></span> fully c<span class=\"_ _0\"></span>onsoli<span class=\"_ _2b\"></span>dated<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">since 2022<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 176px; height: 785px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 176px; height: 785px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff216 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8.<span class=\"_ _2\"></span>5</div>\n<div class=\"t m0 x7 h6a y79d ff216 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff214 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse2 wsfa\">he rei<span class=\"_ _2\"></span>nsurance activitie<span class=\"_ _2\"></span>s of </span>A<span class=\"lse2 wsf1\">geas SA<span class=\"_ _2\"></span>/<span class=\"lse0 wsf0\">NV are r<span class=\"_ _2b\"></span>eported in the </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff214 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Reinsurance Seg<span class=\"_ _2\"></span>ment<span class=\"ls105 ws12a\">. The<span class=\"lse0 wsfa\">se activit<span class=\"_ _0\"></span>ies com<span class=\"_ _2b\"></span>prise intra<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">group in<span class=\"_ _0\"></span>ward </span></span></span></div>\n<div class=\"t m0 x7 h4f y7a0 ff214 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reinsur<span class=\"_ _0\"></span>ance and re<span class=\"_ _0\"></span>insuran<span class=\"_ _0\"></span>ce of third p<span class=\"_ _2b\"></span>arties. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y79c ff216 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8.<span class=\"_ _2\"></span>6</div>\n<div class=\"t m0 x1a h6a y79d ff216 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">General Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y79e ff214 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The General Accou<span class=\"_ _2\"></span>nt comprises activities not<span class=\"_ _2\"></span> related to the core</div>\n<div class=\"t m0 x1a h4f y79f ff214 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">insurance<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">bus<span class=\"_ _2b\"></span>iness, such as Group f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>ng and othe<span class=\"_ _0\"></span>r holdin<span class=\"_ _0\"></span>g </span></span></div>\n<div class=\"t m0 x1a h4f y7a0 ff214 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">activit<span class=\"_ _0\"></span>ies. In a<span class=\"_ _0\"></span>ddit<span class=\"wsf0\">io<span class=\"_ _2b\"></span>n, General Accoun<span class=\"_ _0\"></span>t also inclu<span class=\"_ _2b\"></span>des the investme<span class=\"_ _0\"></span>nt in </span></div>\n<div class=\"t m0 x1a h4f y7a1 ff214 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Royal Park<span class=\"_ _0\"></span> Investm<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">and</span> <span class=\"ls106 ws10c\">the liabilit</span>y </span>relat<span class=\"_ _0\"></span>ed to RPN(<span class=\"_ _0\"></span>I).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f ya7f ff214 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f ya80 ff214 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h6a yafc ff216 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8.<span class=\"_ _2\"></span>7</div>\n<div class=\"t m0 x7 h6a yda3 ff216 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Statement of financial<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>position<span class=\"_ _0\"></span> by operating segment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 861px; z-index: 15;\">31 <span class=\"wsf3\">December 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x142 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 315px; bottom: 861px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 369px; bottom: 861px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y605 ff214 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 433px; bottom: 861px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 458px; bottom: 861px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x144 h52 y603 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 876px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 520px; bottom: 861px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y603 ff214 fs3c fc1f sc0 lse7 ws109\" style=\"left: 606px; bottom: 876px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 587px; bottom: 861px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 876px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 861px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff214 fs3c fc1f sc0 lsef ws10a\" style=\"left: 721px; bottom: 876px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 697px; bottom: 861px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y605 ff214 fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 861px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff214 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 69px; bottom: 846px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 831px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 831px; z-index: 15;\">576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 831px; z-index: 15;\">288<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 831px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 831px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 831px; z-index: 15;\">994<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 831px; z-index: 15;\">159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 831px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 816px; z-index: 15;\">38,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 816px; z-index: 15;\">6,334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 427px; bottom: 816px; z-index: 15;\">1,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 485px; bottom: 816px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 816px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 816px; z-index: 15;\">46,810<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 816px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 816px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y632 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 816px; z-index: 15;\">46,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 801px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 801px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 801px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f2 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 801px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 786px; z-index: 15;\">14,528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 786px; z-index: 15;\">293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 786px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 786px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 786px; z-index: 15;\">14,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 786px; z-index: 15;\">1,465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 786px; z-index: 15;\">(864)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 786px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Investments related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 771px; z-index: 15;\">11,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 771px; z-index: 15;\">4,274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 771px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 771px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 771px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 756px; z-index: 15;\">446<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 756px; z-index: 15;\">271<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 427px; bottom: 756px; z-index: 15;\">4,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 756px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y60e ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 756px; z-index: 15;\">1</div>\n<div class=\"t m0 x164 h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 756px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 742px; z-index: 15;\">1,500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 742px; z-index: 15;\">1,971<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 742px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 742px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 742px; z-index: 15;\">(1,632)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 742px; z-index: 15;\">2,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 742px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 742px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 742px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Current tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 727px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 727px; z-index: 15;\">96<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 727px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f7 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f7 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 727px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 727px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f7 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f7 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Deferred tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 712px; z-index: 15;\">820<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 712px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 445px; bottom: 712px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 712px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 712px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 697px; z-index: 15;\">1,423<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 697px; z-index: 15;\">250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 697px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 697px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 697px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 697px; z-index: 15;\">1,851<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 697px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 697px; z-index: 15;\">(107)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 697px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 682px; z-index: 15;\">2,080<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 682px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 682px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 682px; z-index: 15;\">2,200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 682px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 682px; z-index: 15;\">1</div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 682px; z-index: 15;\">2,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 667px; z-index: 15;\">724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 667px; z-index: 15;\">703<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 667px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y601 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 667px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y601 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y601 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 667px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Assets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 652px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 652px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 652px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff217 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Total assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 638px; z-index: 15;\">73,917<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 638px; z-index: 15;\">19,233<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 638px; z-index: 15;\">6,090<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 638px; z-index: 15;\">1,746<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 638px; z-index: 15;\">(1,634)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 638px; z-index: 15;\">99,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 638px; z-index: 15;\">2,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 638px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y605 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 638px; z-index: 15;\">100,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Liabilities arising from <span class=\"_ _0\"></span>Life insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 593px; z-index: 15;\">23,855<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 593px; z-index: 15;\">574<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 427px; bottom: 593px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 503px; bottom: 593px; z-index: 15;\">2</div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 593px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 593px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 593px; z-index: 15;\">25,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Liabilities arising from Life investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y638 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 578px; z-index: 15;\">24,524<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y638 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 578px; z-index: 15;\">4,176<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y638 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 578px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 578px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y638 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 578px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Liabilities related to <span class=\"wsf4\">unit<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">linked contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 563px; z-index: 15;\">11,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 563px; z-index: 15;\">4,280<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 563px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 563px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 563px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Liabilities arising from Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 549px; z-index: 15;\">4,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 549px; z-index: 15;\">3,317<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 485px; bottom: 549px; z-index: 15;\">1,712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 549px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 549px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 549px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 549px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 534px; z-index: 15;\">1,144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 534px; z-index: 15;\">255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 ydd0 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 ydd0 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 ydd0 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 534px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 534px; z-index: 15;\">1,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 534px; z-index: 15;\">1,887<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 534px; z-index: 15;\">(769)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 534px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 519px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 519px; z-index: 15;\">3,803<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 519px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 445px; bottom: 519px; z-index: 15;\">2</div>\n<div class=\"t m0 x160 h52 y5f9 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 519px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 519px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 519px; z-index: 15;\">3,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 519px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 519px; z-index: 15;\">(39)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f9 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 519px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 504px; z-index: 15;\">Current tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 504px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 504px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 504px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 504px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 504px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 504px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 489px; z-index: 15;\">Deferred tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 489px; z-index: 15;\">337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 489px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 445px; bottom: 489px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 489px; z-index: 15;\">376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 489px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 489px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff214 fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 474px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 399px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 474px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y63a ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y63a ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 474px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 459px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 459px; z-index: 15;\">2,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 459px; z-index: 15;\">439<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 459px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 459px; z-index: 15;\">135<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 459px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 459px; z-index: 15;\">2,615<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 459px; z-index: 15;\">272<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 459px; z-index: 15;\">(203)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 459px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 445px; z-index: 15;\">Provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 445px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 445px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 445px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 445px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y647 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y647 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 445px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Liabilities related to as<span class=\"_ _0\"></span>sets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 430px; z-index: 15;\">3,982<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 430px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 430px; z-index: 15;\">3,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 430px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 430px; z-index: 15;\">(55)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5ff ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 430px; z-index: 15;\">3,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff217 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 415px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 415px; z-index: 15;\">71,270<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 415px; z-index: 15;\">17,108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 415px; z-index: 15;\">1,629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 415px; z-index: 15;\">1,849<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 415px; z-index: 15;\">(1,633)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 415px; z-index: 15;\">90,223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 415px; z-index: 15;\">2,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 415px; z-index: 15;\">(1,084)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y608 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 415px; z-index: 15;\">91,672<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 399px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 451px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 400px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff214 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 385px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 385px; z-index: 15;\">1,747<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 385px; z-index: 15;\">2,043<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 427px; bottom: 385px; z-index: 15;\">4,394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 385px; z-index: 15;\">(103)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 385px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 385px; z-index: 15;\">8,080<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 664px; bottom: 385px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 385px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 385px; z-index: 15;\">7,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 370px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 370px; z-index: 15;\">900<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 370px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 440px; bottom: 370px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 370px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 370px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 370px; z-index: 15;\">1,049<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 370px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f4 ff214 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 370px; z-index: 15;\">1</div>\n<div class=\"t m0 x196 h52 y5f4 ff214 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 370px; z-index: 15;\">1,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff217 fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 355px; z-index: 15;\">Total equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 355px; z-index: 15;\">2,647<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 355px; z-index: 15;\">2,125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 355px; z-index: 15;\">4,461<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 355px; z-index: 15;\">(103)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 558px; bottom: 355px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 355px; z-index: 15;\">9,129<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 664px; bottom: 355px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 735px; bottom: 355px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 355px; z-index: 15;\">8,632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff214 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff217 fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 326px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span> and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x151 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 326px; z-index: 15;\">73,917<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 326px; z-index: 15;\">19,233<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 326px; z-index: 15;\">6,090<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 485px; bottom: 326px; z-index: 15;\">1,746<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 326px; z-index: 15;\">(1,634)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 326px; z-index: 15;\">99,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 326px; z-index: 15;\">2,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 326px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 326px; z-index: 15;\">100,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 399px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 451px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y60e ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff217 fs3c fc1f sc0 lsef ws15f\" style=\"left: 69px; bottom: 296px; z-index: 15;\">Numb<span class=\"_ _2\"></span>er of <span class=\"ws10a\">emplo<span class=\"_ _2\"></span>yees<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 296px; z-index: 15;\">7,369<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 296px; z-index: 15;\">3,583<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 427px; bottom: 296px; z-index: 15;\">2,251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y70b ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 296px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 296px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 296px; z-index: 15;\">13,203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 670px; bottom: 296px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y70b ff217 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 296px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h54 y70b ff217 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 296px; z-index: 15;\">13,388<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 285px; height: 821px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 285px; height: 821px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 315px; bottom: 1034px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 369px; bottom: 1034px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff219 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 432px; bottom: 1034px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 458px; bottom: 1034px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y601 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 520px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y601 ff219 fs3c fc1f sc0 lse7 ws109\" style=\"left: 606px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 587px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y601 ff219 fs3c fc1f sc0 lsef ws10a\" style=\"left: 721px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 697px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff219 fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff219 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 1004px; z-index: 15;\">655<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 1004px; z-index: 15;\">405<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 1004px; z-index: 15;\">4</div>\n<div class=\"t m0 x11c h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 1004px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 1004px; z-index: 15;\">1,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 1004px; z-index: 15;\">724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1004px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 989px; z-index: 15;\">47,331<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 989px; z-index: 15;\">11,161<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 989px; z-index: 15;\">1,458<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 989px; z-index: 15;\">59,950<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 989px; z-index: 15;\">5</div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 989px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 989px; z-index: 15;\">59,952<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 974px; z-index: 15;\">2,850<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 974px; z-index: 15;\">268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 974px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 974px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 974px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 959px; z-index: 15;\">13,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 959px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 959px; z-index: 15;\">85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 959px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 959px; z-index: 15;\">14,047<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 959px; z-index: 15;\">1,315<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 959px; z-index: 15;\">(870)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 959px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Investments related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 945px; z-index: 15;\">12,387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 945px; z-index: 15;\">6,512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 930px; z-index: 15;\">370<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 930px; z-index: 15;\">146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 426px; bottom: 930px; z-index: 15;\">4,811<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 930px; z-index: 15;\">5,327<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 930px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 930px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 930px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 915px; z-index: 15;\">1,353<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 915px; z-index: 15;\">2,119<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 915px; z-index: 15;\">9</div>\n<div class=\"t m0 x11c h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 915px; z-index: 15;\">151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 915px; z-index: 15;\">(1,575)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 915px; z-index: 15;\">2,057<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 915px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 915px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 915px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Current tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 900px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 900px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Deferred tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 885px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 885px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 885px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y60e ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Accrued <span class=\"wsf3\">interest and other assets<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 870px; z-index: 15;\">1,493<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 870px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 870px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 870px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 870px; z-index: 15;\">1,987<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 870px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 870px; z-index: 15;\">(102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 870px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 855px; z-index: 15;\">1,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 855px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 855px; z-index: 15;\">2</div>\n<div class=\"t m0 x160 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 855px; z-index: 15;\">1,724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 855px; z-index: 15;\">8</div>\n<div class=\"t m0 x160 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 855px; z-index: 15;\">1,732<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 841px; z-index: 15;\">604<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 841px; z-index: 15;\">718<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 841px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5ff ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 841px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Assets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 811px; z-index: 15;\">82,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 811px; z-index: 15;\">22,290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 426px; bottom: 811px; z-index: 15;\">4,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 811px; z-index: 15;\">1,996<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 811px; z-index: 15;\">(1,590)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 811px; z-index: 15;\">109,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 811px; z-index: 15;\">2,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 811px; z-index: 15;\">(1,087)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y5ff ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 811px; z-index: 15;\">111,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y601 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Liabilities arising from <span class=\"_ _0\"></span>Life insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 766px; z-index: 15;\">25,008<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 766px; z-index: 15;\">3,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y605 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 766px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 766px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 766px; z-index: 15;\">28,688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 730px; bottom: 766px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 766px; z-index: 15;\">28,673<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Liabilities arising from Life investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 752px; z-index: 15;\">25,609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 752px; z-index: 15;\">5,008<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f4 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Liabilities related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 737px; z-index: 15;\">12,387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 737px; z-index: 15;\">6,515<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 737px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Liabilities arising from Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 722px; z-index: 15;\">4,345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 722px; z-index: 15;\">3,449<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y632 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 722px; z-index: 15;\">1,643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 722px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y632 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y632 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y632 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 707px; z-index: 15;\">1,143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 707px; z-index: 15;\">317<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 707px; z-index: 15;\">1,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 707px; z-index: 15;\">2,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 707px; z-index: 15;\">(830)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 707px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 692px; z-index: 15;\">3,608<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 692px; z-index: 15;\">45<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 ydd0 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 692px; z-index: 15;\">2</div>\n<div class=\"t m0 x160 h52 ydd0 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 692px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 692px; z-index: 15;\">3,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 ydd0 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 692px; z-index: 15;\">6</div>\n<div class=\"t m0 x11c h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 730px; bottom: 692px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 692px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Current tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 677px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 677px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 677px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f9 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 677px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff219 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Deferred tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 662px; z-index: 15;\">878<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 662px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y63a ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 662px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 662px; z-index: 15;\">956<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 662px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y63a ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y63a ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 662px; z-index: 15;\">971<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff219 fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 648px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 648px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 648px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 633px; z-index: 15;\">2,250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 633px; z-index: 15;\">509<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 444px; bottom: 633px; z-index: 15;\">9</div>\n<div class=\"t m0 x11c h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 633px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 633px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 633px; z-index: 15;\">2,903<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 633px; z-index: 15;\">131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 633px; z-index: 15;\">(200)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f7 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 633px; z-index: 15;\">2,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 618px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 618px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 618px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 618px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 618px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff21c fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 603px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 603px; z-index: 15;\">75,299<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 603px; z-index: 15;\">19,602<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 439px; bottom: 603px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 603px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 603px; z-index: 15;\">(1,590)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 603px; z-index: 15;\">95,148<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 603px; z-index: 15;\">2,904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 603px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y601 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 603px; z-index: 15;\">96,967<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff219 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 573px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 573px; z-index: 15;\">5,025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 573px; z-index: 15;\">2,400<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 426px; bottom: 573px; z-index: 15;\">4,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 493px; bottom: 573px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y601 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 573px; z-index: 15;\">3</div>\n<div class=\"t m0 x19e h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 573px; z-index: 15;\">12,413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 664px; bottom: 573px; z-index: 15;\">(493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 573px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y601 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 573px; z-index: 15;\">11,914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 558px; z-index: 15;\">1,969<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 558px; z-index: 15;\">288<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 448px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 558px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 558px; z-index: 15;\">2,254<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y603 ff219 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 558px; z-index: 15;\">4</div>\n<div class=\"t m0 x196 h52 y603 ff219 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 558px; z-index: 15;\">2,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff21c fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Total equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 544px; z-index: 15;\">6,994<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 544px; z-index: 15;\">2,688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 426px; bottom: 544px; z-index: 15;\">4,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 493px; bottom: 544px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 599px; bottom: 544px; z-index: 15;\">14,667<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 664px; bottom: 544px; z-index: 15;\">(493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 735px; bottom: 544px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 544px; z-index: 15;\">14,172<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff219 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff21c fs3c fc1f sc0 lse7 ws0\" style=\"left: 69px; bottom: 514px; z-index: 15;\">Total <span class=\"_ _2b\"></span>liabilities<span class=\"_ _0\"></span> and eq<span class=\"_ _2b\"></span>uity<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x151 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 320px; bottom: 514px; z-index: 15;\">82,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 370px; bottom: 514px; z-index: 15;\">22,290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 426px; bottom: 514px; z-index: 15;\">4,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 514px; z-index: 15;\">1,996<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 539px; bottom: 514px; z-index: 15;\">(1,590)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 514px; z-index: 15;\">109,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 662px; bottom: 514px; z-index: 15;\">2,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 716px; bottom: 514px; z-index: 15;\">(1,087)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 514px; z-index: 15;\">111,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 448px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff21c fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Number<span class=\"_ _0\"></span> of empl<span class=\"_ _0\"></span>oyees<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 484px; z-index: 15;\">6,111<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 484px; z-index: 15;\">3,752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 439px; bottom: 484px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y638 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y638 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 605px; bottom: 484px; z-index: 15;\">9,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 670px; bottom: 484px; z-index: 15;\">169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y638 ff21c fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x151 h54 y638 ff21c fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 484px; z-index: 15;\">10,101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 473px; height: 570px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 473px; height: 570px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff220 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">8.9<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff220 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Income <span class=\"ls101 ws11b\">statement by operating segment<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 316px; bottom: 1034px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 1034px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff21e fs3c fc1f sc0 lse5 wsf5\" style=\"left: 444px; bottom: 1034px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 467px; bottom: 1034px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 526px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff21e fs3c fc1f sc0 lse7 ws109\" style=\"left: 609px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 590px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 652px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff21e fs3c fc1f sc0 lsef ws10a\" style=\"left: 717px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff21e fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff21e fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 629px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 742px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lsed wsff\">Gross pre<span class=\"_ _0\"></span>mium inco<span class=\"_ _2b\"></span>me<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 1004px; z-index: 15;\">5,831<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 1004px; z-index: 15;\">2,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 1004px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 1004px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 1004px; z-index: 15;\">(1,497)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 1004px; z-index: 15;\">8,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 1004px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 1004px; z-index: 15;\">8,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 989px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Change in unearned premiums</span> </div>\n<div class=\"t m0 x163 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 333px; bottom: 989px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 395px; bottom: 989px; z-index: 15;\">79<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 507px; bottom: 989px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 989px; z-index: 15;\">(27)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 989px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 989px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 788px; bottom: 989px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Ceded earned premiums</span> </div>\n<div class=\"t m0 x152 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 974px; z-index: 15;\">(853)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 376px; bottom: 974px; z-index: 15;\">(1,013)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 974px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 974px; z-index: 15;\">(91)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 974px; z-index: 15;\">1,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 974px; z-index: 15;\">(466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y603 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 974px; z-index: 15;\">(466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 959px; z-index: 15;\">4,955<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 959px; z-index: 15;\">2,017<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 959px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 959px; z-index: 15;\">1,500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 959px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 959px; z-index: 15;\">8,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 959px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 959px; z-index: 15;\">8,507<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Interest, dividend and othe<span class=\"_ _0\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">investment income</span> </div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 930px; z-index: 15;\">2,386<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 930px; z-index: 15;\">208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 930px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 507px; bottom: 930px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 930px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 930px; z-index: 15;\">2,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 930px; z-index: 15;\">45<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 726px; bottom: 930px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 930px; z-index: 15;\">2,648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Unrealised gain (loss) <span class=\"_ _0\"></span>on RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 915px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 915px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Result on sales and re<span class=\"_ _0\"></span>valuations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 900px; z-index: 15;\">313<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 900px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 900px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 900px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 900px; z-index: 15;\">465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 900px; z-index: 15;\">155<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 737px; bottom: 900px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 900px; z-index: 15;\">621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff21e fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome relate<span class=\"_ _2\"></span>d to invest<span class=\"_ _2\"></span>ments fo<span class=\"_ _2\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 870px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">unit</span>-<span class=\"lse4 wsf6\">link<span class=\"_ _2\"></span>ed contrac<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 321px; bottom: 870px; z-index: 15;\">(1,844)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 870px; z-index: 15;\">(697)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 452px; bottom: 870px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 870px; z-index: 15;\">1</div>\n<div class=\"t m0 x11d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 870px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 870px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 855px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 855px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 855px; z-index: 15;\">253<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 855px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 855px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 841px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 841px; z-index: 15;\">436<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5ff ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 457px; bottom: 841px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f1 h52 y5ff ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 511px; bottom: 841px; z-index: 15;\">7</div>\n<div class=\"t m0 x152 h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 841px; z-index: 15;\">(507)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 841px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5ff ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 841px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 826px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 395px; bottom: 826px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 826px; z-index: 15;\">309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 826px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 726px; bottom: 826px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y601 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 826px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff221 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 327px; bottom: 811px; z-index: 15;\">6,563<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 811px; z-index: 15;\">2,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 811px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 494px; bottom: 811px; z-index: 15;\">1,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 553px; bottom: 811px; z-index: 15;\">(539)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 811px; z-index: 15;\">10,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 811px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 726px; bottom: 811px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 771px; bottom: 811px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff222 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 629px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 742px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 629px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 742px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 766px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 321px; bottom: 766px; z-index: 15;\">(5,468)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 376px; bottom: 766px; z-index: 15;\">(2,110)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 766px; z-index: 15;\">(87)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 766px; z-index: 15;\">(993)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 559px; bottom: 766px; z-index: 15;\">923<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 766px; z-index: 15;\">(7,735)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y605 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y605 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 737px; bottom: 766px; z-index: 15;\">3</div>\n<div class=\"t m0 x11d h54 y605 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 766px; z-index: 15;\">(7,732)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, ce<span class=\"_ _0\"></span>ded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11c h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 752px; z-index: 15;\">536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 752px; z-index: 15;\">570<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 752px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 507px; bottom: 752px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 752px; z-index: 15;\">(896)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 752px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y5f4 ff222 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 752px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Insurance claims and benefits,<span class=\"_ _0\"></span> net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 321px; bottom: 737px; z-index: 15;\">(4,932)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 376px; bottom: 737px; z-index: 15;\">(1,540)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 737px; z-index: 15;\">(88)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 737px; z-index: 15;\">(954)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 737px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 737px; z-index: 15;\">(7,487)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 737px; bottom: 737px; z-index: 15;\">3</div>\n<div class=\"t m0 x11d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 737px; z-index: 15;\">(7,484)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Charges related to unit<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked contracts</span> </span></div>\n<div class=\"t m0 x21f h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 722px; z-index: 15;\">1,721<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 722px; z-index: 15;\">655<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 722px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 722px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 722px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Financing costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 707px; z-index: 15;\">(134)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 707px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 707px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 707px; z-index: 15;\">(154)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 669px; bottom: 707px; z-index: 15;\">(72)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 707px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 707px; z-index: 15;\">(187)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Change in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 692px; z-index: 15;\">(119)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 692px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 692px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 692px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 ydd0 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 692px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Change in provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 345px; bottom: 677px; z-index: 15;\">2</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 677px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 677px; z-index: 15;\">4</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 677px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y63a ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 662px; z-index: 15;\">(704)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 662px; z-index: 15;\">(406)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 662px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 662px; z-index: 15;\">(530)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 559px; bottom: 662px; z-index: 15;\">506<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 662px; z-index: 15;\">(1,138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y63a ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 662px; z-index: 15;\">(1,138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 648px; z-index: 15;\">(622)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 648px; z-index: 15;\">(234)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 648px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 648px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 648px; z-index: 15;\">(889)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 669px; bottom: 648px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 737px; bottom: 648px; z-index: 15;\">3</div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 648px; z-index: 15;\">(922)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 633px; z-index: 15;\">(967)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 633px; z-index: 15;\">(375)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 445px; bottom: 633px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 633px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 633px; z-index: 15;\">6</div>\n<div class=\"t m0 x11d h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 633px; z-index: 15;\">(1,360)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 669px; bottom: 633px; z-index: 15;\">(74)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 633px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f7 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 633px; z-index: 15;\">(1,412)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Total expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 321px; bottom: 618px; z-index: 15;\">(5,755)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 376px; bottom: 618px; z-index: 15;\">(1,939)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 441px; bottom: 618px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 487px; bottom: 618px; z-index: 15;\">(1,498)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 559px; bottom: 618px; z-index: 15;\">539<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 601px; bottom: 618px; z-index: 15;\">(8,820)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 618px; z-index: 15;\">(178)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 733px; bottom: 618px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 618px; z-index: 15;\">(8,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 461px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 629px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 742px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 588px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 390px; bottom: 588px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 588px; z-index: 15;\">246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 588px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 607px; bottom: 588px; z-index: 15;\">1,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 588px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5ff ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 737px; bottom: 588px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 588px; z-index: 15;\">1,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff221 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff21e fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Tax inc<span class=\"_ _2\"></span>ome (expe<span class=\"_ _2\"></span>nses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 558px; z-index: 15;\">(169)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 388px; bottom: 558px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 450px; bottom: 558px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 558px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 669px; bottom: 558px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 558px; z-index: 15;\">(229)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff221 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Net result for the period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 529px; z-index: 15;\">639<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 390px; bottom: 529px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 529px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 529px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 607px; bottom: 529px; z-index: 15;\">1,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 529px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 737px; bottom: 529px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y603 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 529px; z-index: 15;\">1,223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 514px; z-index: 15;\">Attributable to <span class=\"lsec wsfe\">non<span class=\"ls0 ws0\">-</span></span>controlling interests<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 514px; z-index: 15;\">175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 395px; bottom: 514px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y638 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 514px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y638 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 514px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o shareholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 499px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 390px; bottom: 499px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 499px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 499px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 573px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 615px; bottom: 499px; z-index: 15;\">857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 499px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5f4 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 737px; bottom: 499px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y5f4 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 775px; bottom: 499px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Total income from external<span class=\"_ _0\"></span> customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 469px; z-index: 15;\">6,917<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 469px; z-index: 15;\">2,739<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 469px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 469px; z-index: 15;\">10,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 469px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y60e ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 469px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">Total income internal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 454px; z-index: 15;\">(354)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 454px; z-index: 15;\">(608)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 454px; z-index: 15;\">1,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 454px; z-index: 15;\">(539)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 454px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 454px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 726px; bottom: 454px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff221 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 440px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 327px; bottom: 440px; z-index: 15;\">6,563<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 440px; z-index: 15;\">2,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 440px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 494px; bottom: 440px; z-index: 15;\">1,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 553px; bottom: 440px; z-index: 15;\">(539)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 440px; z-index: 15;\">10,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 671px; bottom: 440px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 726px; bottom: 440px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 ydd0 ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 771px; bottom: 440px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y172b ff21e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y172c ff21e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y172d ff21e fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Gross inflow (s<span class=\"_ _2\"></span>um of gross written premiums and<span class=\"_ _2\"></span> premium inflow from investmen<span class=\"_ _2\"></span>t contracts without discre<span class=\"_ _2\"></span>tionary participation <span class=\"lse0 wsf0\">features) can b<span class=\"_ _0\"></span>e <span class=\"wsef\">present<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y172e ff21e fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y172f ff21e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 349px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 404px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 460px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 516px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 330px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 316px; bottom: 330px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 375px; bottom: 330px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff21e fs3c fc1f sc0 lse5 wsf5\" style=\"left: 443px; bottom: 330px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 467px; bottom: 330px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5f7 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 534px; bottom: 345px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 526px; bottom: 330px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff21e fs3c fc1f sc0 lse7 ws109\" style=\"left: 609px; bottom: 345px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 590px; bottom: 330px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f7 ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 345px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 652px; bottom: 330px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f7 ff21e fs3c fc1f sc0 lsef ws10a\" style=\"left: 717px; bottom: 345px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y5fc ff21e fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 330px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff21e fs3c fc1f sc0 ls0 ws0\" style=\"left: 797px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5fc ff21e fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 330px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff221 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 404px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 460px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff222 fs3c fc14 sc0 ls0 ws0\" style=\"left: 629px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff21e fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 300px; z-index: 15;\">Gross pre<span class=\"_ _2b\"></span>mium income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 300px; z-index: 15;\">5,831<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 300px; z-index: 15;\">2,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 451px; bottom: 300px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 300px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 300px; z-index: 15;\">(1,497)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 300px; z-index: 15;\">8,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 300px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 300px; z-index: 15;\">8,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff21e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 285px; z-index: 15;\">Inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y647 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 285px; z-index: 15;\">778<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y647 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 285px; z-index: 15;\">561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 460px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 573px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y647 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 285px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 685px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff21e fs3c fc14 sc0 ls0 ws0\" style=\"left: 742px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y647 ff21e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 285px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff221 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 270px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 327px; bottom: 270px; z-index: 15;\">6,609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 270px; z-index: 15;\">3,512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 451px; bottom: 270px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 494px; bottom: 270px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 270px; z-index: 15;\">(1,497)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 270px; z-index: 15;\">10,271<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff221 fs3c fc1f sc0 ls0 ws0\" style=\"left: 685px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 731px; bottom: 270px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff221 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 769px; bottom: 270px; z-index: 15;\">10,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 259px; height: 847px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 259px; height: 847px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 321px; bottom: 1034px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 380px; bottom: 1034px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y603 ff224 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 446px; bottom: 1034px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 471px; bottom: 1034px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 536px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 526px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff224 fs3c fc1f sc0 lse7 ws109\" style=\"left: 612px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 593px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y601 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff224 fs3c fc1f sc0 lsef ws10a\" style=\"left: 719px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff224 fs3c fc1f sc0 lse7 ws109\" style=\"left: 778px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff224 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 744px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lsed wsff\">Gross pre<span class=\"_ _0\"></span>mium inco<span class=\"_ _2b\"></span>me<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 1004px; z-index: 15;\">5,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 1004px; z-index: 15;\">3,181<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 1004px; z-index: 15;\">1,623<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 1004px; z-index: 15;\">(1,571)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 1004px; z-index: 15;\">8,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 1004px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1004px; z-index: 15;\">8,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 989px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Change in unearned premiums</span> </div>\n<div class=\"t m0 x9 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 343px; bottom: 989px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 989px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 503px; bottom: 989px; z-index: 15;\">(61)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 566px; bottom: 989px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 623px; bottom: 989px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 989px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 989px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Ceded earned premiums</span> </div>\n<div class=\"t m0 x152 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 974px; z-index: 15;\">(806)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 974px; z-index: 15;\">(1,050)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 503px; bottom: 974px; z-index: 15;\">(83)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 974px; z-index: 15;\">1,479<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 974px; z-index: 15;\">(460)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y603 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 974px; z-index: 15;\">(460)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 959px; z-index: 15;\">4,934<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 959px; z-index: 15;\">2,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 959px; z-index: 15;\">1,479<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 959px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 959px; z-index: 15;\">8,536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 959px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 959px; z-index: 15;\">8,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Interest, dividend and othe<span class=\"_ _0\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">investment income</span> </div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 930px; z-index: 15;\">2,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 930px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 930px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 930px; z-index: 15;\">2,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 930px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 930px; z-index: 15;\">(37)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 930px; z-index: 15;\">2,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Unrealised gain <span class=\"lsf0 wsff\">(loss) on RPN(I<span class=\"_ _2\"></span>)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 667px; bottom: 915px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 915px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Result on sales and re<span class=\"_ _0\"></span>valuations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 900px; z-index: 15;\">240<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 515px; bottom: 900px; z-index: 15;\">3</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 900px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 676px; bottom: 900px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 900px; z-index: 15;\">2</div>\n<div class=\"t m0 x163 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 900px; z-index: 15;\">294<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff224 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome relate<span class=\"_ _2\"></span>d to invest<span class=\"_ _2\"></span>ments fo<span class=\"_ _2\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 870px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">unit</span>-<span class=\"lse4 wsf6\">link<span class=\"_ _2\"></span>ed contrac<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 870px; z-index: 15;\">1,062<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 870px; z-index: 15;\">344<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 870px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 870px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 345px; bottom: 855px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 855px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 448px; bottom: 855px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 855px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 855px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 855px; z-index: 15;\">1</div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 855px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 841px; z-index: 15;\">506<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 841px; z-index: 15;\">488<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5ff ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 515px; bottom: 841px; z-index: 15;\">7</div>\n<div class=\"t m0 x152 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 841px; z-index: 15;\">(534)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 841px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5ff ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 841px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 826px; z-index: 15;\">234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 826px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 826px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 826px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y601 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 826px; z-index: 15;\">8</div>\n<div class=\"t m0 x31c h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 826px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 826px; z-index: 15;\">282<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff224 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 811px; z-index: 15;\">9,176<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 811px; z-index: 15;\">3,341<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 811px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 811px; z-index: 15;\">1,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 555px; bottom: 811px; z-index: 15;\">(566)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 811px; z-index: 15;\">13,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 670px; bottom: 811px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 811px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 770px; bottom: 811px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 744px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 744px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff228 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 766px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x196 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 766px; z-index: 15;\">(5,574)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 766px; z-index: 15;\">(2,121)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y605 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 766px; z-index: 15;\">(892)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 559px; bottom: 766px; z-index: 15;\">827<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 766px; z-index: 15;\">(7,760)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y605 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y605 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 766px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h54 y605 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 766px; z-index: 15;\">(7,757)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, ce<span class=\"_ _0\"></span>ded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x163 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 752px; z-index: 15;\">513<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 752px; z-index: 15;\">539<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 752px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 752px; z-index: 15;\">(801)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 752px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y5f4 ff228 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 752px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Insurance claims and benefits,<span class=\"_ _0\"></span> net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 737px; z-index: 15;\">(5,061)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 737px; z-index: 15;\">(1,582)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 737px; z-index: 15;\">(857)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 566px; bottom: 737px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 737px; z-index: 15;\">(7,474)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 737px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 737px; z-index: 15;\">(7,471)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Charges related to unit<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked contracts</span> </span></div>\n<div class=\"t m0 x196 h52 y632 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 722px; z-index: 15;\">(1,167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y632 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 722px; z-index: 15;\">(405)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y632 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 722px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y632 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 722px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Financing costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 707px; z-index: 15;\">(88)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 707px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 707px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 570px; bottom: 707px; z-index: 15;\">1</div>\n<div class=\"t m0 x152 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 707px; z-index: 15;\">(106)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 707px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 707px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 707px; z-index: 15;\">(138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Change in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 692px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 398px; bottom: 692px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 692px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 ydd0 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 692px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Change in provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 349px; bottom: 677px; z-index: 15;\">2</div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 677px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 677px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 677px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 662px; z-index: 15;\">(718)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 662px; z-index: 15;\">(472)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 662px; z-index: 15;\">(558)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 559px; bottom: 662px; z-index: 15;\">535<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 662px; z-index: 15;\">(1,213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y63a ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 662px; z-index: 15;\">(1,213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 648px; z-index: 15;\">(560)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 648px; z-index: 15;\">(237)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 447px; bottom: 648px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 648px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 570px; bottom: 648px; z-index: 15;\">0</div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 648px; z-index: 15;\">(821)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 648px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 648px; z-index: 15;\">4</div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 648px; z-index: 15;\">(852)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 633px; z-index: 15;\">(872)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 633px; z-index: 15;\">(351)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 453px; bottom: 633px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 633px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 570px; bottom: 633px; z-index: 15;\">4</div>\n<div class=\"t m0 x196 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 633px; z-index: 15;\">(1,228)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 633px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 633px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f7 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 633px; z-index: 15;\">(1,269)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Total expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 325px; bottom: 618px; z-index: 15;\">(8,502)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 380px; bottom: 618px; z-index: 15;\">(3,068)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 447px; bottom: 618px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 491px; bottom: 618px; z-index: 15;\">(1,423)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 559px; bottom: 618px; z-index: 15;\">566<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 618px; z-index: 15;\">(12,453)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 667px; bottom: 618px; z-index: 15;\">(150)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 735px; bottom: 618px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y5fc ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 764px; bottom: 618px; z-index: 15;\">(12,541)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 632px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 744px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 338px; bottom: 588px; z-index: 15;\">674<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 393px; bottom: 588px; z-index: 15;\">273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 588px; z-index: 15;\">403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 588px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 588px; z-index: 15;\">1,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 667px; bottom: 588px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5ff ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 739px; bottom: 588px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 588px; z-index: 15;\">1,231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff224 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Tax inc<span class=\"_ _2\"></span>ome (expe<span class=\"_ _2\"></span>nses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 558px; z-index: 15;\">(136)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 558px; z-index: 15;\">(59)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 558px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 612px; bottom: 558px; z-index: 15;\">(196)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 558px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y603 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 558px; z-index: 15;\">(215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y605 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff227 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Net result for the period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 338px; bottom: 529px; z-index: 15;\">538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 393px; bottom: 529px; z-index: 15;\">214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 529px; z-index: 15;\">403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 529px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 564px; bottom: 529px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 529px; z-index: 15;\">1,241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 667px; bottom: 529px; z-index: 15;\">(227)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 739px; bottom: 529px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y603 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 776px; bottom: 529px; z-index: 15;\">1,016<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 514px; z-index: 15;\">Attributable to non<span class=\"ls0 ws0\">-</span>controlling interests<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 514px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 400px; bottom: 514px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 514px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 514px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 514px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o shareholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 338px; bottom: 499px; z-index: 15;\">400<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 393px; bottom: 499px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 499px; z-index: 15;\">403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 511px; bottom: 499px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 575px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 610px; bottom: 499px; z-index: 15;\">1,070<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 667px; bottom: 499px; z-index: 15;\">(227)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5f4 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 739px; bottom: 499px; z-index: 15;\">2</div>\n<div class=\"t m0 x163 h54 y5f4 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 782px; bottom: 499px; z-index: 15;\">845<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Total income from external<span class=\"_ _0\"></span> customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 469px; z-index: 15;\">9,502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 469px; z-index: 15;\">3,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 448px; bottom: 469px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 570px; bottom: 469px; z-index: 15;\">0</div>\n<div class=\"t m0 x11d h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 469px; z-index: 15;\">13,868<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 469px; z-index: 15;\">(96)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y60e ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 469px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">Total income internal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 454px; z-index: 15;\">(326)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 454px; z-index: 15;\">(596)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 454px; z-index: 15;\">1,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 454px; z-index: 15;\">(566)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 623px; bottom: 454px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 454px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 454px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff227 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 440px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 440px; z-index: 15;\">9,176<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 440px; z-index: 15;\">3,341<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 448px; bottom: 440px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 440px; z-index: 15;\">1,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 555px; bottom: 440px; z-index: 15;\">(566)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 440px; z-index: 15;\">13,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 670px; bottom: 440px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 440px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 ydd0 ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 770px; bottom: 440px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y172b ff224 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y172c ff224 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y172d ff224 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Gross inflow (s<span class=\"_ _2\"></span>um of gross written premiums and<span class=\"_ _2\"></span> premium inflow from investmen<span class=\"_ _2\"></span>t contracts without discre<span class=\"_ _2\"></span>tionary participation <span class=\"lse0 wsf0\">features) can b<span class=\"_ _0\"></span>e <span class=\"wsef\">present<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y172e ff224 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y172f ff224 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 354px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 409px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 520px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 330px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 321px; bottom: 330px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 380px; bottom: 330px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff224 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 446px; bottom: 330px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 471px; bottom: 330px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5f7 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 536px; bottom: 345px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 526px; bottom: 330px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff224 fs3c fc1f sc0 lse7 ws109\" style=\"left: 612px; bottom: 345px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 593px; bottom: 330px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f7 ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 345px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 654px; bottom: 330px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f7 ff224 fs3c fc1f sc0 lsef ws10a\" style=\"left: 719px; bottom: 345px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 695px; bottom: 330px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff224 fs3c fc1f sc0 ls0 ws0\" style=\"left: 798px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5fc ff224 fs3c fc1f sc0 lse7 ws109\" style=\"left: 778px; bottom: 330px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff227 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 354px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 409px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 575px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff228 fs3c fc14 sc0 ls0 ws0\" style=\"left: 632px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff224 fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 300px; z-index: 15;\">Gross pre<span class=\"_ _2b\"></span>mium income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 300px; z-index: 15;\">5,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 300px; z-index: 15;\">3,181<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 300px; z-index: 15;\">1,623<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 300px; z-index: 15;\">(1,571)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 300px; z-index: 15;\">8,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 733px; bottom: 300px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 300px; z-index: 15;\">8,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff224 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 285px; z-index: 15;\">Inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 338px; bottom: 285px; z-index: 15;\">927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 393px; bottom: 285px; z-index: 15;\">900<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 464px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 520px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 285px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 285px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff224 fs3c fc14 sc0 ls0 ws0\" style=\"left: 744px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y647 ff224 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 285px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff227 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 270px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 270px; z-index: 15;\">6,675<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 270px; z-index: 15;\">4,081<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 464px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 270px; z-index: 15;\">1,623<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 546px; bottom: 270px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 604px; bottom: 270px; z-index: 15;\">10,807<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff227 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 733px; bottom: 270px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff227 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 770px; bottom: 270px; z-index: 15;\">10,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 259px; height: 784px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 259px; height: 784px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff22c fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls103 ws11f\">.10</span> </div>\n<div class=\"t m0 x7 h6a y79d ff22c fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">State<span class=\"_ _2\"></span>ment of <span class=\"_ _2\"></span>financi<span class=\"_ _2\"></span>al posit<span class=\"_ _2\"></span>ion spli<span class=\"_ _2\"></span>t into <span class=\"_ _2\"></span>Life a<span class=\"_ _2\"></span>nd Non<span class=\"ls0 ws0\">-<span class=\"ls112 ws133\">li<span class=\"_ _2\"></span>fe</span> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1034px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 1034px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x154 h52 y601 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y601 ff22a fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff22a fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1049px; z-index: 15;\"> </div>\n<div id=\"fs_U3AFMDVOA800000000000000000000\"><br/></div>\n<div class=\"t m0 x152 h52 y603 ff22a fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff22a fs3c fc1f sc0 lse5 wsf5\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1004px; z-index: 15;\">680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 1004px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 1004px; z-index: 15;\">994<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 1004px; z-index: 15;\">159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1004px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 989px; z-index: 15;\">40,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 989px; z-index: 15;\">6,170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 989px; z-index: 15;\">46,810<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 989px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 989px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 989px; z-index: 15;\">46,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 974px; z-index: 15;\">2,799<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 974px; z-index: 15;\">231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 974px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 974px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 959px; z-index: 15;\">13,693<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 959px; z-index: 15;\">1,279<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 959px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 959px; z-index: 15;\">14,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 959px; z-index: 15;\">1,465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 959px; z-index: 15;\">(864)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 959px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Investments related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 945px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 945px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 945px; z-index: 15;\">15,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Equity accounted <span class=\"wsf4\">investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 930px; z-index: 15;\">4,098<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 930px; z-index: 15;\">810<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 930px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 930px; z-index: 15;\">1</div>\n<div class=\"t m0 x9 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 930px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 930px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 915px; z-index: 15;\">419<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 915px; z-index: 15;\">1,882<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 915px; z-index: 15;\">(291)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 915px; z-index: 15;\">2,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 915px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 915px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 915px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Current tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 900px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 900px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 900px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 900px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Deferred tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 885px; z-index: 15;\">683<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 885px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 885px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 870px; z-index: 15;\">1,296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 870px; z-index: 15;\">558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 870px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 870px; z-index: 15;\">1,851<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 870px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 870px; z-index: 15;\">(107)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 870px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 855px; z-index: 15;\">1,858<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 855px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 855px; z-index: 15;\">2,200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 855px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 855px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 855px; z-index: 15;\">2,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 841px; z-index: 15;\">1,190<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 841px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 841px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5ff ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 841px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Assets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 826px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 826px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 826px; z-index: 15;\">4,205<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 811px; z-index: 15;\">87,459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 463px; bottom: 811px; z-index: 15;\">12,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 811px; z-index: 15;\">(334)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 811px; z-index: 15;\">99,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 811px; z-index: 15;\">2,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 811px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 811px; z-index: 15;\">100,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Liabilities arising from <span class=\"_ _0\"></span>Life insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 766px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 766px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 766px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 766px; z-index: 15;\">25,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Liabilities arising from Life investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 752px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 752px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 752px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Liabilities related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 737px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 737px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 737px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Liabilities arising from Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y632 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 722px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y632 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y632 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 722px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 722px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 707px; z-index: 15;\">1,052<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 707px; z-index: 15;\">388<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 707px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 707px; z-index: 15;\">1,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 707px; z-index: 15;\">1,887<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 707px; z-index: 15;\">(769)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 707px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 692px; z-index: 15;\">3,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 692px; z-index: 15;\">397<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 692px; z-index: 15;\">3,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 692px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 692px; z-index: 15;\">(39)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 692px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Current tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 677px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 677px; z-index: 15;\">6</div>\n<div class=\"t m0 x19b h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 677px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 677px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 677px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff22a fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Defer<span class=\"_ _2\"></span>red tax<span class=\"_ _2\"></span> <span class=\"lse4 wsf4\">liabilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11c h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 662px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 662px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 662px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 662px; z-index: 15;\">376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 662px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y63a ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 662px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22a fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 648px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 648px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 648px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 633px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 633px; z-index: 15;\">855<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 633px; z-index: 15;\">(290)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 633px; z-index: 15;\">2,615<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 633px; z-index: 15;\">272<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 633px; z-index: 15;\">(203)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 633px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 618px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 618px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 618px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 618px; z-index: 15;\">1</div>\n<div class=\"t m0 x1a3 h52 y5fc ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5fc ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 618px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 603px; z-index: 15;\">Liabilities related to as<span class=\"_ _0\"></span>sets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 603px; z-index: 15;\">3,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 603px; z-index: 15;\">3,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 603px; z-index: 15;\">(55)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 603px; z-index: 15;\">3,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff22d fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse7 ws109\">liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19e h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 588px; z-index: 15;\">80,839<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 588px; z-index: 15;\">9,717<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 588px; z-index: 15;\">(333)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 588px; z-index: 15;\">90,223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 588px; z-index: 15;\">2,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 588px; z-index: 15;\">(1,084)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 588px; z-index: 15;\">91,672<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 558px; z-index: 15;\">5,692<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 558px; z-index: 15;\">2,393<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 558px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 558px; z-index: 15;\">8,080<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 558px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 558px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 558px; z-index: 15;\">7,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11c h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 544px; z-index: 15;\">928<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 544px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 544px; z-index: 15;\">4</div>\n<div class=\"t m0 x163 h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 544px; z-index: 15;\">1,049<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff22a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 544px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h52 y605 ff22a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 544px; z-index: 15;\">1,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff22d fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Total equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 529px; z-index: 15;\">6,620<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 529px; z-index: 15;\">2,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 529px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 529px; z-index: 15;\">9,129<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 529px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 529px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 529px; z-index: 15;\">8,632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff22a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff22d fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse7 ws0\">liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span> and eq<span class=\"_ _0\"></span>uity<span class=\"ls0\"> </span></span></div>\n<div class=\"t m0 x19e h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 499px; z-index: 15;\">87,459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 463px; bottom: 499px; z-index: 15;\">12,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 499px; z-index: 15;\">(334)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 499px; z-index: 15;\">99,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 499px; z-index: 15;\">2,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 499px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y5f4 ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 499px; z-index: 15;\">100,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff22d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Number<span class=\"_ _0\"></span> of empl<span class=\"_ _0\"></span>oyees<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 469px; z-index: 15;\">7,305<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 469px; z-index: 15;\">5,898<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y60e ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 469px; z-index: 15;\">13,203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 469px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y60e ff22d fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h54 y60e ff22d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 469px; z-index: 15;\">13,388<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 458px; height: 648px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 458px; height: 648px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1034px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 1034px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x154 h52 y601 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y601 ff22f fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff22f fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff22f fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff22f fs3c fc1f sc0 lse5 wsf5\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Cash and cash equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1004px; z-index: 15;\">773<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 1004px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 1004px; z-index: 15;\">1,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 1004px; z-index: 15;\">724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1004px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 989px; z-index: 15;\">52,720<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 989px; z-index: 15;\">7,229<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 989px; z-index: 15;\">1</div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 989px; z-index: 15;\">59,950<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 989px; z-index: 15;\">5</div>\n<div class=\"t m0 x9 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 989px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 989px; z-index: 15;\">59,952<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 974px; z-index: 15;\">2,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 974px; z-index: 15;\">209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 974px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 974px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 959px; z-index: 15;\">12,704<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 959px; z-index: 15;\">1,382<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 959px; z-index: 15;\">(39)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 959px; z-index: 15;\">14,047<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 959px; z-index: 15;\">1,315<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 959px; z-index: 15;\">(870)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 959px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Investments related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 945px; z-index: 15;\">18,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 930px; z-index: 15;\">4,535<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 930px; z-index: 15;\">792<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 930px; z-index: 15;\">5,327<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 930px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 930px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 930px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 915px; z-index: 15;\">457<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 915px; z-index: 15;\">1,959<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 915px; z-index: 15;\">(359)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 915px; z-index: 15;\">2,057<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 915px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 915px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 915px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Current tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 900px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 900px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 900px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff22f fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Defer<span class=\"_ _2\"></span>red tax<span class=\"_ _2\"></span> <span class=\"wsfe\">assets<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 885px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 885px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 885px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 870px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 870px; z-index: 15;\">836<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 870px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 870px; z-index: 15;\">1,987<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 870px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 870px; z-index: 15;\">(102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 870px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 855px; z-index: 15;\">1,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 855px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 855px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 855px; z-index: 15;\">1,724<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 855px; z-index: 15;\">8</div>\n<div class=\"t m0 x1a3 h52 y5f7 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 855px; z-index: 15;\">1,732<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 841px; z-index: 15;\">968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 841px; z-index: 15;\">353<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 841px; z-index: 15;\">1</div>\n<div class=\"t m0 x163 h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 841px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 841px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5ff ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 841px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 826px; z-index: 15;\">Assets held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 826px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y601 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 826px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y601 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 826px; z-index: 15;\">1</div>\n<div class=\"t m0 x162 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 826px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Total assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 811px; z-index: 15;\">96,610<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 463px; bottom: 811px; z-index: 15;\">13,603<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 811px; z-index: 15;\">(398)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 811px; z-index: 15;\">109,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 811px; z-index: 15;\">2,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 811px; z-index: 15;\">(1,087)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y5ff ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 811px; z-index: 15;\">111,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Liabilities arising from <span class=\"_ _0\"></span>Life insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y605 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 766px; z-index: 15;\">28,688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y605 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 766px; z-index: 15;\">28,688<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y605 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 766px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 766px; z-index: 15;\">28,673<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Liabilities arising from Life investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 752px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Liabilities related to unit<span class=\"ls0 ws0\">-</span>linked contracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 407px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 737px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Liabilities arising from Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y632 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y632 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y632 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y632 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 722px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 707px; z-index: 15;\">1,101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 707px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 707px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 707px; z-index: 15;\">1,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 707px; z-index: 15;\">2,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 707px; z-index: 15;\">(830)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 707px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 692px; z-index: 15;\">3,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 692px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 692px; z-index: 15;\">3,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 ydd0 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 692px; z-index: 15;\">6</div>\n<div class=\"t m0 x163 h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 692px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 ydd0 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 692px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Current tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 677px; z-index: 15;\">7</div>\n<div class=\"t m0 x1f1 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 677px; z-index: 15;\">9</div>\n<div class=\"t m0 x1f0 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 677px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f9 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 677px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff22f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Deferred tax liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 662px; z-index: 15;\">768<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 662px; z-index: 15;\">188<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y63a ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 662px; z-index: 15;\">956<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 662px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y63a ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 662px; z-index: 15;\">971<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22f fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 648px; z-index: 15;\">RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 648px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 648px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 633px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 633px; z-index: 15;\">2,239<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 633px; z-index: 15;\">1,021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 633px; z-index: 15;\">(357)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 633px; z-index: 15;\">2,903<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 633px; z-index: 15;\">131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 633px; z-index: 15;\">(200)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 633px; z-index: 15;\">2,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 618px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 618px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 618px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 618px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 618px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff232 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 603px; z-index: 15;\">Total lia<span class=\"_ _2b\"></span>bilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 603px; z-index: 15;\">85,619<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 603px; z-index: 15;\">9,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 603px; z-index: 15;\">(397)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 603px; z-index: 15;\">95,148<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 603px; z-index: 15;\">2,904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 603px; z-index: 15;\">(1,085)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y601 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 603px; z-index: 15;\">96,967<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff22f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 573px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 573px; z-index: 15;\">9,076<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 573px; z-index: 15;\">3,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 573px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 573px; z-index: 15;\">12,413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 573px; z-index: 15;\">(493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 573px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y601 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 573px; z-index: 15;\">11,914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 558px; z-index: 15;\">1,915<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 558px; z-index: 15;\">339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 558px; z-index: 15;\">2,254<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff22f fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 558px; z-index: 15;\">4</div>\n<div class=\"t m0 x21f h52 y603 ff22f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 558px; z-index: 15;\">2,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff232 fs3c fc1f sc0 lse8 wsf9\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Total equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 544px; z-index: 15;\">10,991<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 544px; z-index: 15;\">3,677<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 544px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 544px; z-index: 15;\">14,667<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 544px; z-index: 15;\">(493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 544px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y605 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 544px; z-index: 15;\">14,172<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff22f fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff232 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 514px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse7 ws0\">liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span> and eq<span class=\"_ _0\"></span>uity<span class=\"ls0\"> </span></span></div>\n<div class=\"t m0 x19e h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 407px; bottom: 514px; z-index: 15;\">96,610<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 463px; bottom: 514px; z-index: 15;\">13,603<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 535px; bottom: 514px; z-index: 15;\">(398)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 514px; z-index: 15;\">109,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 657px; bottom: 514px; z-index: 15;\">2,411<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 710px; bottom: 514px; z-index: 15;\">(1,087)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 514px; z-index: 15;\">111,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff232 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Number<span class=\"_ _0\"></span> of empl<span class=\"_ _0\"></span>oyees<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 484px; z-index: 15;\">3,969<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 484px; z-index: 15;\">5,962<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y638 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 484px; z-index: 15;\">9,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 484px; z-index: 15;\">169<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff232 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h54 y638 ff232 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 484px; z-index: 15;\">10,101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 473px; height: 570px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 473px; height: 570px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff236 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls10b ws12e\">.1</span>1</div>\n<div class=\"t m0 x7 h6a y79d ff236 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Income statement split into Life<span class=\"ls0 ws0\"> <span class=\"ls126 ws14b\">and</span> <span class=\"ls103 ws11f\">N<span class=\"_ _2\"></span>on</span>-<span class=\"ls112 ws133\">life</span> </span></div>\n<div class=\"t m0 x14d h54 y601 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1034px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 1034px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x154 h52 y601 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y601 ff234 fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff234 fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1049px; z-index: 15;\"> </div>\n<div id=\"fs_YPVQYNBMI800000000000000000000\"><br/></div>\n<div class=\"t m0 x152 h52 y603 ff234 fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff234 fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lsed wsff\">Gross pre<span class=\"_ _0\"></span>mium inco<span class=\"_ _2b\"></span>me<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 1004px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 1004px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 1004px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 1004px; z-index: 15;\">8,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 1004px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1004px; z-index: 15;\">8,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 989px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Change in unearned premiums</span> </div>\n<div class=\"t m0 x1a3 h54 y5f2 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f2 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 989px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f2 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h54 y5f2 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 989px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5f2 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 989px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 989px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Ceded earned premiums</span> </div>\n<div class=\"t m0 x163 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 417px; bottom: 974px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 974px; z-index: 15;\">(450)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 974px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 974px; z-index: 15;\">(466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 974px; z-index: 15;\">(466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 959px; z-index: 15;\">4,276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 959px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 959px; z-index: 15;\">8,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 959px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 959px; z-index: 15;\">8,507<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Interest, dividend and othe<span class=\"_ _0\"></span>r investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 945px; z-index: 15;\">2,377<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 945px; z-index: 15;\">281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 945px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 945px; z-index: 15;\">2,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 945px; z-index: 15;\">45<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 945px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 945px; z-index: 15;\">2,648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Unrealised gain (loss) <span class=\"_ _0\"></span>on RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 930px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 930px; z-index: 15;\">139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Result on sales and re<span class=\"_ _0\"></span>valuations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 915px; z-index: 15;\">353<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 915px; z-index: 15;\">112<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 915px; z-index: 15;\">465<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 915px; z-index: 15;\">155<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 915px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 915px; z-index: 15;\">621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff234 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome relate<span class=\"_ _2\"></span>d to invest<span class=\"_ _2\"></span>ments fo<span class=\"_ _2\"></span>r <span class=\"lse4 wsf4\">unit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">linked contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x11d h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 900px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 900px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 900px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 885px; z-index: 15;\">254<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 885px; z-index: 15;\">7</div>\n<div class=\"t m0 x1f0 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 885px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 870px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 870px; z-index: 15;\">135<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 870px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 870px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 855px; z-index: 15;\">214<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 855px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 855px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 855px; z-index: 15;\">309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 855px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 855px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 855px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff237 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 841px; z-index: 15;\">5,250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 841px; z-index: 15;\">4,866<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 540px; bottom: 841px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 841px; z-index: 15;\">10,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 841px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 722px; bottom: 841px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 841px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12f h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 374px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h54 y601 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 796px; z-index: 15;\">(4,822)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y601 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 796px; z-index: 15;\">(2,913)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y601 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y601 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 796px; z-index: 15;\">(7,735)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y601 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y601 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 796px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h54 y601 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 796px; z-index: 15;\">(7,732)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 781px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, ce<span class=\"_ _0\"></span>ded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 781px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 781px; z-index: 15;\">232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 781px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 781px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y603 ff238 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 781px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Insurance claims and benefits,<span class=\"_ _0\"></span> net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 766px; z-index: 15;\">(4,805)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 766px; z-index: 15;\">(2,681)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 766px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 766px; z-index: 15;\">(7,487)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 766px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 766px; z-index: 15;\">(7,484)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Charges related to unit<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked contracts</span> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 752px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 752px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 752px; z-index: 15;\">2,373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Financing costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 737px; z-index: 15;\">(128)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 737px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 737px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 737px; z-index: 15;\">(154)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 737px; z-index: 15;\">(72)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 737px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 737px; z-index: 15;\">(187)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Change in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y632 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 722px; z-index: 15;\">(123)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y632 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 722px; z-index: 15;\">(44)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y632 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y632 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 722px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y632 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 722px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Change in provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 707px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 707px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 616px; bottom: 707px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 707px; z-index: 15;\">4</div>\n<div class=\"t m0 x1a3 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f2 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 707px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 692px; z-index: 15;\">(349)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 692px; z-index: 15;\">(789)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 692px; z-index: 15;\">(1,138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 ydd0 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 692px; z-index: 15;\">(1,138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 677px; z-index: 15;\">(485)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 677px; z-index: 15;\">(404)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 677px; z-index: 15;\">(889)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 677px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 677px; z-index: 15;\">3</div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 677px; z-index: 15;\">(922)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 662px; z-index: 15;\">(801)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 662px; z-index: 15;\">(577)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 662px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 662px; z-index: 15;\">(1,360)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 662px; z-index: 15;\">(74)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 662px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 662px; z-index: 15;\">(1,412)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Total expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 405px; bottom: 648px; z-index: 15;\">(4,317)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 462px; bottom: 648px; z-index: 15;\">(4,522)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 546px; bottom: 648px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 648px; z-index: 15;\">(8,820)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 648px; z-index: 15;\">(178)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 729px; bottom: 648px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 766px; bottom: 648px; z-index: 15;\">(8,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 618px; z-index: 15;\">933<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 618px; z-index: 15;\">344<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 618px; z-index: 15;\">1,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 618px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 618px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 618px; z-index: 15;\">1,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff234 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Tax <span class=\"_ _2\"></span><span class=\"lsec ws100\">income (ex<span class=\"_ _2\"></span>penses)<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x152 h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 588px; z-index: 15;\">(140)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 588px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 588px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 588px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 588px; z-index: 15;\">(229)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff237 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Net result for the period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 558px; z-index: 15;\">793<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 558px; z-index: 15;\">276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 558px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 558px; z-index: 15;\">1,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 558px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 558px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 558px; z-index: 15;\">1,223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Attributable to non<span class=\"ls0 ws0\">-</span>controlling interests<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 544px; z-index: 15;\">161<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 544px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 544px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y605 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 544px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff237 fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o shareholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 529px; z-index: 15;\">632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 529px; z-index: 15;\">225<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 529px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 529px; z-index: 15;\">857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 529px; z-index: 15;\">153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 529px; z-index: 15;\">1</div>\n<div class=\"t m0 x21f h54 y603 ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 529px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Total income from external<span class=\"_ _0\"></span> customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 499px; z-index: 15;\">5,220<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 499px; z-index: 15;\">4,863<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 499px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 499px; z-index: 15;\">10,069<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 499px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 499px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Total income internal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 484px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 484px; z-index: 15;\">3</div>\n<div class=\"t m0 x19b h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 484px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 484px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 484px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 484px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff237 fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 469px; z-index: 15;\">5,250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 469px; z-index: 15;\">4,866<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 540px; bottom: 469px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 469px; z-index: 15;\">10,097<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 665px; bottom: 469px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 722px; bottom: 469px; z-index: 15;\">(66)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y60e ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 469px; z-index: 15;\">10,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y173f ff234 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1740 ff234 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1741 ff234 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Gross inf<span class=\"_ _0\"></span>low (sum of gr<span class=\"_ _0\"></span>oss writt<span class=\"_ _2b\"></span>en premiums and pre<span class=\"_ _2b\"></span>mium inflow of inv<span class=\"_ _0\"></span>estment cont<span class=\"_ _2b\"></span>racts without D<span class=\"_ _0\"></span>iscreti<span class=\"_ _0\"></span>onary Pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _2b\"></span>ion Features) can b<span class=\"_ _2b\"></span>e <span class=\"lse2 wsf1\">p<span class=\"_ _2\"></span>resented<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1742 ff234 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 360px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1743 ff234 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 360px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 360px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y60e ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 375px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 360px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y60e ff234 fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 375px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 360px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 375px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 360px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y60e ff234 fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 375px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y5f9 ff234 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 360px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff234 fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f9 ff234 fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 360px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff237 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff238 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff234 fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 330px; z-index: 15;\">Gross pre<span class=\"_ _2b\"></span>mium income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 330px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 330px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 330px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 330px; z-index: 15;\">8,932<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 330px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 330px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 330px; z-index: 15;\">8,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff234 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 315px; z-index: 15;\">Inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 315px; z-index: 15;\">1,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 315px; z-index: 15;\">1</div>\n<div class=\"t m0 x163 h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 315px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff234 fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y63a ff234 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 315px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff237 fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 300px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 300px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 300px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 300px; z-index: 15;\">10,271<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff237 fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 300px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff237 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 300px; z-index: 15;\">10,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 289px; height: 817px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 289px; height: 817px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x14d h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 1034px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 1034px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x154 h52 y601 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 1049px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y601 ff23a fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 1049px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 1034px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 1049px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 1034px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff23a fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 1049px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1034px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff23a fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 1034px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff23a fs3c fc1f sc0 lsec wsfe\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lsed wsff\">Gross pre<span class=\"_ _0\"></span>mium inco<span class=\"_ _2b\"></span>me<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x21f h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 1004px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 1004px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 1004px; z-index: 15;\">8,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 1004px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1004px; z-index: 15;\">8,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 989px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Change in unearned premiums</span> </div>\n<div class=\"t m0 x1a3 h54 y5f2 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5f2 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 989px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f2 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 989px; z-index: 15;\">1</div>\n<div class=\"t m0 x162 h54 y5f2 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 989px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f2 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 989px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5f2 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 989px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f2 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 989px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Ceded earned premiums</span> </div>\n<div class=\"t m0 x163 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 417px; bottom: 974px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 974px; z-index: 15;\">(432)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 974px; z-index: 15;\">(460)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 974px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 974px; z-index: 15;\">(460)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Net earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 959px; z-index: 15;\">4,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 959px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 959px; z-index: 15;\">1</div>\n<div class=\"t m0 x163 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 959px; z-index: 15;\">8,536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 959px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 959px; z-index: 15;\">8,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Interest, dividend and othe<span class=\"_ _0\"></span>r investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 945px; z-index: 15;\">2,179<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 945px; z-index: 15;\">263<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 945px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 945px; z-index: 15;\">2,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 945px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 945px; z-index: 15;\">(37)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 945px; z-index: 15;\">2,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Unrealised gain (loss) <span class=\"_ _0\"></span>on RPN(I)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 930px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 930px; z-index: 15;\">(101)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Result on sales and re<span class=\"_ _0\"></span>valuations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 915px; z-index: 15;\">246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 915px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 915px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 915px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 915px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 915px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 915px; z-index: 15;\">294<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff23a fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome relate<span class=\"_ _2\"></span>d to invest<span class=\"_ _2\"></span>ments fo<span class=\"_ _2\"></span>r <span class=\"lse4 wsf4\">unit<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">linked contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x21f h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 900px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 900px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 900px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 900px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 885px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 885px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 885px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 885px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y60e ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 885px; z-index: 15;\">1</div>\n<div class=\"t m0 x1a3 h52 y60e ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y60e ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 885px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Fee and commission income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 870px; z-index: 15;\">339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 870px; z-index: 15;\">127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 870px; z-index: 15;\">1</div>\n<div class=\"t m0 x19d h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 870px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 870px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 855px; z-index: 15;\">Other income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 855px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 855px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 855px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 855px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f7 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 674px; bottom: 855px; z-index: 15;\">8</div>\n<div class=\"t m0 x163 h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 855px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 855px; z-index: 15;\">282<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff23d fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 841px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 841px; z-index: 15;\">9,150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 841px; z-index: 15;\">4,756<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 540px; bottom: 841px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 841px; z-index: 15;\">13,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 663px; bottom: 841px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 722px; bottom: 841px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5ff ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 841px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12f h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 374px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 826px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 811px; z-index: 15;\">Expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 811px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 796px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h54 y601 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 796px; z-index: 15;\">(4,914)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y601 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 796px; z-index: 15;\">(2,847)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y601 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 796px; z-index: 15;\">1</div>\n<div class=\"t m0 x152 h54 y601 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 796px; z-index: 15;\">(7,760)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y601 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 796px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y601 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 796px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h54 y601 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 796px; z-index: 15;\">(7,757)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 781px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Insurance claims and benefits, ce<span class=\"_ _0\"></span>ded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x164 h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 781px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 477px; bottom: 781px; z-index: 15;\">269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 781px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 781px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y603 ff23e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 781px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 766px; z-index: 15;\">Insurance claims and benefits,<span class=\"_ _0\"></span> net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 766px; z-index: 15;\">(4,897)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 766px; z-index: 15;\">(2,578)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 766px; z-index: 15;\">1</div>\n<div class=\"t m0 x152 h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 766px; z-index: 15;\">(7,474)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 766px; z-index: 15;\">3</div>\n<div class=\"t m0 x196 h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 766px; z-index: 15;\">(7,471)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Charges related to unit<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked contracts</span> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 752px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 752px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 752px; z-index: 15;\">(1,572)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 737px; z-index: 15;\">Financing costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 417px; bottom: 737px; z-index: 15;\">(82)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 737px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 551px; bottom: 737px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 737px; z-index: 15;\">(106)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 737px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 737px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 737px; z-index: 15;\">(138)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 722px; z-index: 15;\">Change in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y632 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 417px; bottom: 722px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y632 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 722px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y632 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y632 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y632 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 722px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 707px; z-index: 15;\">Change in provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 707px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 707px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 707px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 616px; bottom: 707px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 707px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f2 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 707px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 692px; z-index: 15;\">Fee and commission expense<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 692px; z-index: 15;\">(410)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 692px; z-index: 15;\">(803)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 692px; z-index: 15;\">(1,213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 692px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 ydd0 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 692px; z-index: 15;\">(1,213)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 677px; z-index: 15;\">(417)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 677px; z-index: 15;\">(404)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 677px; z-index: 15;\">(821)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 677px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f9 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 677px; z-index: 15;\">4</div>\n<div class=\"t m0 x152 h52 y5f9 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 677px; z-index: 15;\">(852)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 662px; z-index: 15;\">(700)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 471px; bottom: 662px; z-index: 15;\">(541)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 662px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 662px; z-index: 15;\">(1,228)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 662px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 662px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 662px; z-index: 15;\">(1,269)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 648px; z-index: 15;\">Total expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 405px; bottom: 648px; z-index: 15;\">(8,117)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 462px; bottom: 648px; z-index: 15;\">(4,351)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 546px; bottom: 648px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 588px; bottom: 648px; z-index: 15;\">(12,453)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 648px; z-index: 15;\">(150)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 729px; bottom: 648px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 762px; bottom: 648px; z-index: 15;\">(12,541)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 491px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 621px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 738px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 618px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 618px; z-index: 15;\">1,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 618px; z-index: 15;\">405<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 618px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 618px; z-index: 15;\">1,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 618px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 618px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 618px; z-index: 15;\">1,231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff23a fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Tax <span class=\"_ _2\"></span><span class=\"lsec ws100\">income (ex<span class=\"_ _2\"></span>penses)<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x152 h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 588px; z-index: 15;\">(145)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 475px; bottom: 588px; z-index: 15;\">(51)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 588px; z-index: 15;\">(196)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 588px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 588px; z-index: 15;\">(215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff23d fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Net result for the period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 558px; z-index: 15;\">888<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 558px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 558px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 558px; z-index: 15;\">1,241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 558px; z-index: 15;\">(227)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 558px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 773px; bottom: 558px; z-index: 15;\">1,016<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 544px; z-index: 15;\">Attributable to non<span class=\"ls0 ws0\">-</span>controlling interests<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 544px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 482px; bottom: 544px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 544px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 544px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y605 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 544px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff23d fs3c fc1f sc0 lse4 wsf3\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o shareholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 529px; z-index: 15;\">743<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 477px; bottom: 529px; z-index: 15;\">328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 545px; bottom: 529px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 598px; bottom: 529px; z-index: 15;\">1,070<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 659px; bottom: 529px; z-index: 15;\">(227)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y603 ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 733px; bottom: 529px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h54 y603 ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 529px; z-index: 15;\">845<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y638 ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 514px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 499px; z-index: 15;\">Total income from external<span class=\"_ _0\"></span> customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 499px; z-index: 15;\">9,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 499px; z-index: 15;\">4,754<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 499px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 499px; z-index: 15;\">13,868<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 663px; bottom: 499px; z-index: 15;\">(96)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 499px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 499px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Total income internal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 424px; bottom: 484px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 484px; z-index: 15;\">2</div>\n<div class=\"t m0 x19b h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 545px; bottom: 484px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 484px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 670px; bottom: 484px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 484px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y638 ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff23d fs3c fc1f sc0 lsee ws101\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Total income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 469px; z-index: 15;\">9,150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 469px; z-index: 15;\">4,756<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 540px; bottom: 469px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 469px; z-index: 15;\">13,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 663px; bottom: 469px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 722px; bottom: 469px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y60e ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 469px; z-index: 15;\">13,772<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y173f ff23a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1740 ff23a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1741 ff23a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Gross inf<span class=\"_ _0\"></span>low (sum of gr<span class=\"_ _0\"></span>oss writt<span class=\"_ _2b\"></span>en premiums and pre<span class=\"_ _2b\"></span>mium inflow of inv<span class=\"_ _0\"></span>estment cont<span class=\"_ _2b\"></span>racts without D<span class=\"_ _0\"></span>iscreti<span class=\"_ _0\"></span>onary Pa<span class=\"_ _0\"></span>rticipat<span class=\"_ _2b\"></span>ion Features) can b<span class=\"_ _2b\"></span>e <span class=\"lse2 wsf1\">p<span class=\"_ _2\"></span>resented<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1742 ff23a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1743 ff23a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 360px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 419px; bottom: 360px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 433px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 360px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x14d h52 y60e ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 442px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y60e ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 516px; bottom: 375px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 507px; bottom: 360px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y60e ff23a fs3c fc1f sc0 lse7 ws109\" style=\"left: 601px; bottom: 375px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 581px; bottom: 360px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 648px; bottom: 375px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 646px; bottom: 360px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y60e ff23a fs3c fc1f sc0 lsef ws10a\" style=\"left: 713px; bottom: 375px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y5f9 ff23a fs3c fc1f sc0 lse4 wsf4\" style=\"left: 691px; bottom: 360px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff23a fs3c fc1f sc0 ls0 ws0\" style=\"left: 795px; bottom: 375px; z-index: 15;\"> </div>\n<div id=\"fs_AKPE6M29W000000000000000000000\"><br/></div>\n<div class=\"t m0 x152 h52 y5f9 ff23a fs3c fc1f sc0 lse7 ws109\" style=\"left: 775px; bottom: 360px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff23d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 433px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 621px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y63a ff23e fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 345px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff23a fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 330px; z-index: 15;\">Gross pre<span class=\"_ _2b\"></span>mium income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 330px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 469px; bottom: 330px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 330px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 330px; z-index: 15;\">8,981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 330px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 330px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 330px; z-index: 15;\">8,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff23a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 315px; z-index: 15;\">Inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 411px; bottom: 315px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 491px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y63a ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 315px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 679px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff23a fs3c fc14 sc0 ls0 ws0\" style=\"left: 738px; bottom: 315px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y63a ff23a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 315px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff23d fs3c fc1f sc0 lse7 wsf8\" style=\"left: 69px; bottom: 300px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 411px; bottom: 300px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 469px; bottom: 300px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 556px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 594px; bottom: 300px; z-index: 15;\">10,807<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff23d fs3c fc1f sc0 ls0 ws0\" style=\"left: 679px; bottom: 300px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 727px; bottom: 300px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff23d fs3c fc1f sc0 lse4 wsf4\" style=\"left: 767px; bottom: 300px; z-index: 15;\">10,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 289px; height: 754px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 289px; height: 754px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff242 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">8<span class=\"ls103 ws11f\">.12</span> </div>\n<div class=\"t m0 x7 h6a y79d ff242 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Operating result i<span class=\"_ _2\"></span>nsuranc<span class=\"ls0 ws0\">e </span></div>\n<div class=\"t m0 x7 h4f y79e ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">To analyse the in<span class=\"_ _2\"></span>surance results, Ageas uses t<span class=\"_ _2\"></span>he concept of operating</div>\n<div class=\"t m0 x7 h4f y79f ff240 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">result.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y7a0 ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y7a1 ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Operating re<span class=\"_ _2\"></span>sult includes net earned premium<span class=\"_ _2\"></span>s, fees and allocated</div>\n<div class=\"t m0 x7 h4f ya7f ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ent income and reali<span class=\"_ _0\"></span>sed capit<span class=\"_ _0\"></span>al gains or los<span class=\"_ _0\"></span>ses min<span class=\"_ _0\"></span>us net claims<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f ya80 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and benef<span class=\"_ _0\"></span>its and all op<span class=\"_ _0\"></span>erating ex<span class=\"_ _2b\"></span>penses, includ<span class=\"_ _0\"></span>ing claim<span class=\"_ _0\"></span> handling</div>\n<div class=\"t m0 x7 h4f ya81 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expenses<span class=\"_ _0\"></span>, invest<span class=\"_ _0\"></span>ment expe<span class=\"_ _2b\"></span>nses, commissio<span class=\"_ _0\"></span>ns and othe<span class=\"_ _0\"></span>r expenses<span class=\"_ _0\"></span>,</div>\n<div class=\"t m0 x7 h4f ya82 ff240 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">allocat<span class=\"_ _0\"></span>ed to ins<span class=\"_ _2b\"></span>urance and/or i<span class=\"_ _2b\"></span>nvestment cont<span class=\"_ _2b\"></span>ract<span class=\"ls0 ws0\">s<span class=\"lsf4 ws10c\">. <span class=\"_ _2\"></span></span></span><span class=\"wsf0\">The dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f ya83 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">between o<span class=\"_ _2b\"></span>perating result an<span class=\"_ _2b\"></span>d result before tax<span class=\"_ _2b\"></span>ation consists of a<span class=\"_ _0\"></span>ll</div>\n<div class=\"t m0 x7 h4f ya84 ff240 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">inc<span class=\"lse0 wsf0\">ome an<span class=\"_ _0\"></span>d costs not all<span class=\"_ _0\"></span>ocated to i<span class=\"_ _2b\"></span>nsurance and/or i<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ent contracts </span></div>\n<div class=\"t m0 x7 h4f yacd ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and thus not r<span class=\"_ _0\"></span>eported i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the o<span class=\"_ _0\"></span>peratin<span class=\"_ _0\"></span>g result or r<span class=\"_ _0\"></span>esult fro<span class=\"_ _0\"></span>m non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y174c ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidated par<span class=\"_ _2\"></span>tnerships. The definition<span class=\"_ _2\"></span>s of the alternative performan<span class=\"_ _2\"></span>ce</div>\n<div class=\"t m0 x1a h4f y174d ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">measures are expla<span class=\"_ _2\"></span>ined below the tables. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y174e ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y174f ff240 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">Withi<span class=\"lse2 wsfa\">n its insurance <span class=\"_ _2\"></span>operating segments, Ag<span class=\"_ _2\"></span>eas manages its L<span class=\"_ _2\"></span>ife and </span></div>\n<div class=\"t m0 x1a h4f y1750 ff240 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"ws103\">life<span class=\"_ _2\"></span> businesses separately. Li<span class=\"_ _2\"></span>fe business includes insur<span class=\"_ _2\"></span>ance </span></div>\n<div class=\"t m0 x1a h4f y1751 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contract<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>cov<span class=\"_ _2b\"></span>ering risks relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to the lif<span class=\"_ _2b\"></span>e and death of indivi<span class=\"_ _0\"></span>duals. Lif<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y1752 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">business<span class=\"_ _0\"></span> also incl<span class=\"_ _0\"></span>udes inves<span class=\"_ _0\"></span>tment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span> with and<span class=\"ls0 ws0\"> </span><span class=\"wsef\">wit<span class=\"_ _0\"></span>hout </span></div>\n<div class=\"t m0 x1a h4f y1753 ff240 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">discretionary<span class=\"_ _2\"></span> participation features (DP<span class=\"_ _2\"></span>F). Non<span class=\"ls0 ws0\">-</span>life comprises<span class=\"_ _2\"></span> four lines</div>\n<div class=\"t m0 x1a h4f y1754 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of busine<span class=\"_ _0\"></span>ss: Acci<span class=\"_ _0\"></span>dent<span class=\"ls0 ws0\"> &amp; </span>Health, Mot<span class=\"_ _0\"></span>or, Fire and Ot<span class=\"_ _2b\"></span>her damage to</div>\n<div class=\"t m0 x1a h4f y1755 ff240 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">property<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>(cov<span class=\"_ _0\"></span>ering the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>risk of<span class=\"_ _0\"></span> property<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>losse<span class=\"_ _0\"></span>s or claims li<span class=\"_ _2b\"></span>abilities), and</div>\n<div class=\"t m0 x1a h4f y1756 ff240 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Other.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1757 ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1758 ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1759 ff240 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The ope<span class=\"_ _0\"></span>rating m<span class=\"_ _0\"></span>argin for t<span class=\"_ _2b\"></span>he different<span class=\"_ _0\"></span> segment<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>nes of bu<span class=\"_ _2b\"></span>siness and the r<span class=\"_ _2b\"></span>econciliation t<span class=\"_ _2b\"></span>o profit befo<span class=\"_ _2b\"></span>re taxation ar<span class=\"_ _0\"></span>e sh<span class=\"lse2 ws103\">own below.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y175a ff240 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 798px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f8 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 318px; bottom: 798px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 350px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 373px; bottom: 798px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 402px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff240 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 436px; bottom: 798px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 454px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 460px; bottom: 798px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff240 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f8 h52 y603 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 813px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21b h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 521px; bottom: 798px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff240 fs3c fc1f sc0 lse7 ws109\" style=\"left: 608px; bottom: 813px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 589px; bottom: 798px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 655px; bottom: 813px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 655px; bottom: 798px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff240 fs3c fc1f sc0 lsef ws10a\" style=\"left: 724px; bottom: 813px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21b h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 700px; bottom: 798px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff240 fs3c fc1f sc0 lse7 ws109\" style=\"left: 778px; bottom: 813px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff240 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 798px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div id=\"fs_51TKU8DQ1S00000000000000000000\"><br/></div>\n<div class=\"t m0 x14d h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff240 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 768px; z-index: 15;\">Gross inflow Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 328px; bottom: 768px; z-index: 15;\">4,206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 768px; z-index: 15;\">1,355<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 444px; bottom: 768px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 768px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 768px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 768px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y638 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y638 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y638 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 768px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff240 fs3c fc14 sc0 ls109 ws125\" style=\"left: 69px; bottom: 753px; z-index: 15;\">Gross inflow Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 328px; bottom: 753px; z-index: 15;\">2,403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 753px; z-index: 15;\">2,157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 753px; z-index: 15;\">1,546<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 753px; z-index: 15;\">(1,466)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 606px; bottom: 753px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 736px; bottom: 753px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 753px; z-index: 15;\">4,638<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Operating costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 329px; bottom: 738px; z-index: 15;\">(642)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 381px; bottom: 738px; z-index: 15;\">(447)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 438px; bottom: 738px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 738px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 564px; bottom: 738px; z-index: 15;\">3</div>\n<div class=\"t m0 x153 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 600px; bottom: 738px; z-index: 15;\">(1,102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 738px; z-index: 15;\">(1,102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 ydd0 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 708px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Guaranteed products</span> </div>\n<div class=\"t m0 x19f h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 708px; z-index: 15;\">414<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 708px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 708px; z-index: 15;\">2</div>\n<div class=\"t m0 x1a3 h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 708px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 708px; z-index: 15;\">496<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5f9 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h54 y5f9 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 708px; z-index: 15;\">496<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 693px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Unit linked products</span> </div>\n<div class=\"t m0 x11c h54 ydd0 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 693px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 693px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 ydd0 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 693px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 ydd0 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 ydd0 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 693px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 679px; z-index: 15;\">Life operating result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 679px; z-index: 15;\">469<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 679px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 679px; z-index: 15;\">2</div>\n<div class=\"t m0 x1a3 h52 y5fc ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 679px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 679px; z-index: 15;\">570<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5fc ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h52 y5fc ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 679px; z-index: 15;\">570<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y63a ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 649px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Accident &amp; Health</span> </div>\n<div class=\"t m0 x11c h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 649px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 649px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 504px; bottom: 649px; z-index: 15;\">7</div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 649px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 649px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 634px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Motor</span> </div>\n<div class=\"t m0 x11c h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 634px; z-index: 15;\">76<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 634px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 504px; bottom: 634px; z-index: 15;\">6</div>\n<div class=\"t m0 x220 h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 634px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 634px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h54 y647 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 634px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 619px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Fire <span class=\"wsf3\">and other damage to property</span></span> </div>\n<div class=\"t m0 x11c h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 619px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 386px; bottom: 619px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 619px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 504px; bottom: 619px; z-index: 15;\">8</div>\n<div class=\"t m0 x11e h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 564px; bottom: 619px; z-index: 15;\">3</div>\n<div class=\"t m0 x304 h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 619px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 619px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 619px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 619px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 604px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x11c h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 340px; bottom: 604px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 390px; bottom: 604px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 604px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 564px; bottom: 604px; z-index: 15;\">5</div>\n<div class=\"t m0 x304 h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 618px; bottom: 604px; z-index: 15;\">46<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y601 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 743px; bottom: 604px; z-index: 15;\">2</div>\n<div class=\"t m0 x11c h54 y601 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 789px; bottom: 604px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 589px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsec ws100\">lif<span class=\"_ _2\"></span>e operati<span class=\"_ _2\"></span>ng result<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x19f h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 589px; z-index: 15;\">227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 589px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 589px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y603 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 589px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 589px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y603 ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 589px; z-index: 15;\">287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 589px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y603 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 743px; bottom: 589px; z-index: 15;\">2</div>\n<div class=\"t m0 x19f h52 y603 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 589px; z-index: 15;\">289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff244 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Operating result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 575px; z-index: 15;\">696<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 575px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y605 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 449px; bottom: 575px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 500px; bottom: 575px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 552px; bottom: 575px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 614px; bottom: 575px; z-index: 15;\">857<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y605 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y605 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 743px; bottom: 575px; z-index: 15;\">2</div>\n<div class=\"t m0 x19f h54 y605 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 784px; bottom: 575px; z-index: 15;\">859<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted<span class=\"ff244 ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y603 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 545px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">investments non <span class=\"wsf4\">allocated</span></span> </div>\n<div class=\"t m0 x19b h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y605 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 386px; bottom: 545px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y605 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 439px; bottom: 545px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y605 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 545px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y605 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h52 y605 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 545px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Other result, including brokerage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 335px; bottom: 530px; z-index: 15;\">112<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 392px; bottom: 530px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 530px; z-index: 15;\">9</div>\n<div class=\"t m0 x1a3 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 530px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 530px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 673px; bottom: 530px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 736px; bottom: 530px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f4 ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 530px; z-index: 15;\">374<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff244 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 335px; bottom: 515px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 387px; bottom: 515px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 439px; bottom: 515px; z-index: 15;\">246<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 500px; bottom: 515px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y638 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 568px; bottom: 515px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 606px; bottom: 515px; z-index: 15;\">1,277<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 673px; bottom: 515px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y638 ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 743px; bottom: 515px; z-index: 15;\">1</div>\n<div class=\"t m0 x19e h54 y638 ff244 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 777px; bottom: 515px; z-index: 15;\">1,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 350px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 402px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 454px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 568px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y60e ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 799px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff244 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 486px; z-index: 15;\">Key performance indicators Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 350px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 402px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 454px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 568px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 628px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 687px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 747px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff244 fs3c fc1f sc0 ls0 ws0\" style=\"left: 799px; bottom: 486px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 471px; z-index: 15;\">Net underwriting margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 471px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.01%</span> </div>\n<div class=\"t m0 x154 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 471px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.33%</span> </div>\n<div class=\"t m0 x1f8 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 422px; bottom: 471px; z-index: 15;\">(4.92%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 478px; bottom: 471px; z-index: 15;\">(3.01%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 597px; bottom: 471px; z-index: 15;\">(0.04%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 471px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f8 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 471px; z-index: 15;\">(0.04%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff240 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 456px; z-index: 15;\">Investment margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.77%</span> </div>\n<div class=\"t m0 x154 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.39%</span> </div>\n<div class=\"t m0 x154 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 425px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">5.29%</span> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.80%</span> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 456px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.80%</span> </div>\n<div class=\"t m0 x14d h52 y63a ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 441px; z-index: 15;\">Operating margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.78%</span> </div>\n<div class=\"t m0 x154 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.72%</span> </div>\n<div class=\"t m0 x154 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 425px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.37%</span> </div>\n<div class=\"t m0 x198 h52 y63a ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 478px; bottom: 441px; z-index: 15;\">(3.01%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.76%</span> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 441px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y63a ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 441px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.76%</span> </div>\n<div class=\"t m0 x14d h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 426px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf3\">O<span class=\"_ _2\"></span>perating<span class=\"_ _0\"></span> margin Guaranteed products<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x198 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.89%</span> </div>\n<div class=\"t m0 x154 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">1.05%</span> </div>\n<div class=\"t m0 x154 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 425px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.61%</span> </div>\n<div class=\"t m0 x198 h54 y5fc ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 478px; bottom: 426px; z-index: 15;\">(3.01%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.91%</span> </div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h54 y5fc ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 426px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.91%</span> </div>\n<div class=\"t m0 x14d h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 411px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf3\">O<span class=\"_ _2\"></span>perating<span class=\"_ _0\"></span> margin<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y647 ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 396px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unit linked products</span> </div>\n<div class=\"t m0 x198 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 396px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.41%</span> </div>\n<div class=\"t m0 x154 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 396px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.31%</span> </div>\n<div class=\"t m0 x1f8 h54 y5ff ff243 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 422px; bottom: 396px; z-index: 15;\">(0.19%)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 396px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.36%</span> </div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h54 y5ff ff243 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 396px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.36%</span> </div>\n<div class=\"t m0 x14d h52 y647 ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Life cost ratio in %<span class=\"_ _0\"></span> of Life technical<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 367px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">liabilities (annualised)</span> </div>\n<div class=\"t m0 x198 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.43%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.57%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 425px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">2.68%</span> </div>\n<div class=\"t m0 x11d h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">9.82%</span> </div>\n<div class=\"t m0 x161 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 367px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.51%</span> </div>\n<div class=\"t m0 x161 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 367px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 367px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5ff ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 367px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.51%</span> </div>\n<div class=\"t m0 x14d h54 y608 ff244 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 352px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 337px; z-index: 15;\">Key performance indicators Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y603 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 337px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 322px; z-index: 15;\">Expe<span class=\"_ _2\"></span>nse ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.0%</span> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">32.0%</span> </div>\n<div class=\"t m0 x19b h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">36.4%</span> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.3%</span> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 322px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.3%</span> </div>\n<div class=\"t m0 x14d h52 y5f4 ff240 fs3c fc14 sc0 ls109 ws125\" style=\"left: 69px; bottom: 307px; z-index: 15;\">Claims ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">58.0%</span> </div>\n<div class=\"t m0 x154 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">66.4%</span> </div>\n<div class=\"t m0 x19b h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">62.9%</span> </div>\n<div class=\"t m0 x161 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">62.2%</span> </div>\n<div class=\"t m0 x161 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f4 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 307px; z-index: 15;\"> <span class=\"lse4 wsf4\">62.2%</span> </div>\n<div class=\"t m0 x14d h52 y5f2 ff240 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 292px; z-index: 15;\">Combined ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">92.0%</span> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 373px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">98.4%</span> </div>\n<div class=\"t m0 x19b h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 292px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">99.3%</span> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 292px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 602px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">96.5%</span> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 292px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 292px; z-index: 15;\"> </div>\n<div class=\"t m0 x154 h52 y5f2 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 770px; bottom: 292px; z-index: 15;\"> <span class=\"lse4 wsf4\">96.5%</span> </div>\n<div class=\"t m0 x14d h52 y60e ff240 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 278px; z-index: 15;\">Operating margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 323px; bottom: 278px; z-index: 15;\"> <span class=\"lse4 wsf4\">14.8%</span> </div>\n<div class=\"t m0 x19e h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 380px; bottom: 278px; z-index: 15;\"> <span class=\"lsec wsfe\">4.1<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x19b h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 278px; z-index: 15;\"> </div>\n<div class=\"t m0 x19a h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 278px; z-index: 15;\"> <span class=\"lsec wsfe\">2.1<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 278px; z-index: 15;\"> </div>\n<div class=\"t m0 x19f h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 606px; bottom: 278px; z-index: 15;\"> <span class=\"lsec wsfe\">6.8<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 278px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 278px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 775px; bottom: 278px; z-index: 15;\"> <span class=\"lsec wsfe\">6.8<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x14d h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 402px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 454px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 568px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 628px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 747px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 799px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff240 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 248px; z-index: 15;\">Technical Insurance liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 323px; bottom: 248px; z-index: 15;\">63,860<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 248px; z-index: 15;\">12,347<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 432px; bottom: 248px; z-index: 15;\">1,575<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 487px; bottom: 248px; z-index: 15;\">1,714<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 540px; bottom: 248px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 248px; z-index: 15;\">77,917<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y60e ff240 fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 248px; z-index: 15;\"> </div>\n<div class=\"t m0 x220 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 248px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y60e ff240 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 248px; z-index: 15;\">77,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 237px; height: 869px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 237px; height: 869px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1066px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 315px; bottom: 1066px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 369px; bottom: 1066px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff246 fs3c fc1f sc0 lse5 wsf5\" style=\"left: 433px; bottom: 1066px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 458px; bottom: 1066px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y647 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 529px; bottom: 1081px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 520px; bottom: 1066px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y647 ff246 fs3c fc1f sc0 lse7 ws109\" style=\"left: 606px; bottom: 1081px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 587px; bottom: 1066px; z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y647 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 1081px; z-index: 15;\">General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 653px; bottom: 1066px; z-index: 15;\">Account<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y647 ff246 fs3c fc1f sc0 lsef ws10a\" style=\"left: 721px; bottom: 1081px; z-index: 15;\">Group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 697px; bottom: 1066px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y647 ff246 fs3c fc1f sc0 lse7 ws109\" style=\"left: 777px; bottom: 1081px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff246 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 770px; bottom: 1066px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y605 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Gross inflow Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 1035px; z-index: 15;\">4,366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 1035px; z-index: 15;\">1,853<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 1035px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 1035px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 1035px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1035px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff246 fs3c fc14 sc0 ls109 ws125\" style=\"left: 69px; bottom: 1021px; z-index: 15;\">Gross inflow Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x196 h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 325px; bottom: 1021px; z-index: 15;\">2,309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 375px; bottom: 1021px; z-index: 15;\">2,228<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y605 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 1021px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 485px; bottom: 1021px; z-index: 15;\">1,579<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 1021px; z-index: 15;\">(1,527)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 1021px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 1021px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 735px; bottom: 1021px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y605 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1021px; z-index: 15;\">4,587<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1006px; z-index: 15;\">Operating costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 326px; bottom: 1006px; z-index: 15;\">(623)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 376px; bottom: 1006px; z-index: 15;\">(437)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 1006px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 1006px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 1006px; z-index: 15;\">2</div>\n<div class=\"t m0 x11d h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 597px; bottom: 1006px; z-index: 15;\">(1,061)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 1006px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 1006px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y5f4 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1006px; z-index: 15;\">(1,061)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 991px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 976px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Guaranteed products</span> </div>\n<div class=\"t m0 x21f h54 y5f4 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 976px; z-index: 15;\">448<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5f4 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 976px; z-index: 15;\">89<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 503px; bottom: 976px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 976px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h54 y5f4 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 976px; z-index: 15;\">539<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5f4 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 976px; z-index: 15;\">539<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 961px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Unit linked products</span> </div>\n<div class=\"t m0 x31c h54 y70b ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 961px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y70b ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 961px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y70b ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 961px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h54 y70b ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 961px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 946px; z-index: 15;\">Life operating result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 946px; z-index: 15;\">497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 946px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 503px; bottom: 946px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 946px; z-index: 15;\">1</div>\n<div class=\"t m0 x11c h52 y60e ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 946px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y60e ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y60e ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y60e ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 946px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 932px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 917px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Accident &amp; Health</span> </div>\n<div class=\"t m0 x31c h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 917px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 917px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 917px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 503px; bottom: 917px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 917px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 917px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 917px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 ydd0 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 917px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h54 ydd0 ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 917px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 902px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Motor</span> </div>\n<div class=\"t m0 x21f h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 902px; z-index: 15;\">157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 902px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y5fc ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 902px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 902px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 902px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 902px; z-index: 15;\">264<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5fc ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 902px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5fc ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 902px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5fc ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 902px; z-index: 15;\">264<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 887px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Fire and other damage to p<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>operty<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x11d h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 326px; bottom: 887px; z-index: 15;\">(142)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 887px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y63a ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 887px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 887px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 887px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 887px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y63a ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 887px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y63a ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 887px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h54 y63a ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 887px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 872px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf4\">Other</span> </div>\n<div class=\"t m0 x31c h54 y5ff ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 872px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 393px; bottom: 872px; z-index: 15;\">1</div>\n<div class=\"t m0 x304 h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 872px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5ff ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 872px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 563px; bottom: 872px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 y5ff ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 872px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 872px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5ff ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 872px; z-index: 15;\">2</div>\n<div class=\"t m0 x31c h54 y5ff ff248 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 872px; z-index: 15;\">99<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 857px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsec wsfe\">lif<span class=\"_ _2\"></span>e <span class=\"ws100\">oper<span class=\"_ _2\"></span>ating res<span class=\"_ _2\"></span>ult</span></span> </span></div>\n<div class=\"t m0 x21f h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 857px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 382px; bottom: 857px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y647 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 857px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 498px; bottom: 857px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 553px; bottom: 857px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 857px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y647 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 857px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 857px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h52 y647 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 857px; z-index: 15;\">336<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff249 fs3c fc1f sc0 lsee ws15e\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Operating result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 842px; z-index: 15;\">622<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 842px; z-index: 15;\">255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y5ff ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 449px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 842px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 553px; bottom: 842px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 611px; bottom: 842px; z-index: 15;\">943<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5ff ff248 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5ff ff246 fs3c fc1f sc0 ls0 ws0\" style=\"left: 740px; bottom: 842px; z-index: 15;\">2</div>\n<div class=\"t m0 x21f h54 y5ff ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 781px; bottom: 842px; z-index: 15;\">945<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 828px; z-index: 15;\">Share in result of equi<span class=\"_ _0\"></span>ty accounted<span class=\"ff249 ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 828px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 813px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">investments non allocated</span> </div>\n<div class=\"t m0 x304 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 387px; bottom: 813px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 813px; z-index: 15;\">427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 813px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 813px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 680px; bottom: 813px; z-index: 15;\">1</div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 813px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 813px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff246 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 798px; z-index: 15;\">Other result, including brokerage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 798px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 393px; bottom: 798px; z-index: 15;\">7</div>\n<div class=\"t m0 x21f h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 434px; bottom: 798px; z-index: 15;\">(24)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 558px; bottom: 798px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 616px; bottom: 798px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 664px; bottom: 798px; z-index: 15;\">(209)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 798px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y608 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 798px; z-index: 15;\">(152)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 783px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 332px; bottom: 783px; z-index: 15;\">674<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 382px; bottom: 783px; z-index: 15;\">273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 434px; bottom: 783px; z-index: 15;\">403<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 498px; bottom: 783px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 783px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 603px; bottom: 783px; z-index: 15;\">1,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 664px; bottom: 783px; z-index: 15;\">(208)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 740px; bottom: 783px; z-index: 15;\">2</div>\n<div class=\"t m0 x196 h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf4\" style=\"left: 774px; bottom: 783px; z-index: 15;\">1,231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 69px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 449px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y608 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 768px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff249 fs3c fc1f sc0 lse4 wsf6\" style=\"left: 69px; bottom: 753px; z-index: 15;\">Key performance indicators Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 347px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 397px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 449px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 509px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 569px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 627px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 686px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 746px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y5f4 ff249 fs3c fc1f sc0 ls0 ws0\" style=\"left: 796px; bottom: 753px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Net underwriting margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.01%</span> </div>\n<div class=\"t m0 x302 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.40%</span> </div>\n<div class=\"t m0 x304 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 476px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">13.29%</span> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.10%</span> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y638 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 738px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.10%</span> </div>\n<div class=\"t m0 x14d h52 y60e ff246 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 724px; z-index: 15;\">Investment margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 724px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.82%</span> </div>\n<div class=\"t m0 x302 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 724px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.35%</span> </div>\n<div class=\"t m0 x304 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 724px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.72%</span> </div>\n<div class=\"t m0 x160 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 724px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y60e ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 724px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.72%</span> </div>\n<div class=\"t m0 x14d h52 y70b ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 709px; z-index: 15;\">Operating <span class=\"lsed ws12d\">margin<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x302 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.83%</span> </div>\n<div class=\"t m0 x302 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.75%</span> </div>\n<div class=\"t m0 x304 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 476px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">13.29%</span> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.82%</span> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y70b ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 709px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.82%</span> </div>\n<div class=\"t m0 x14d h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 694px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Operating margin Guaranteed produ<span class=\"_ _0\"></span>cts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.97%</span> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">1.08%</span> </div>\n<div class=\"t m0 x304 h52 y5f7 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x198 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 476px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">13.29%</span> </div>\n<div class=\"t m0 x160 h52 y5f7 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.99%</span> </div>\n<div class=\"t m0 x160 h52 y5f7 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 694px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.99%</span> </div>\n<div class=\"t m0 x14d h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 679px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Operating margin</span> </div>\n<div class=\"t m0 x304 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h54 y656 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 664px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unit linked products</span> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 664px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.37%</span> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 664px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.32%</span> </div>\n<div class=\"t m0 x304 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 664px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.35%</span> </div>\n<div class=\"t m0 x160 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h54 y5f7 ff248 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 664px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.35%</span> </div>\n<div class=\"t m0 x14d h52 y5fc ff246 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 649px; z-index: 15;\">Life c<span class=\"_ _2\"></span>ost ratio in % o<span class=\"_ _2\"></span>f Life <span class=\"lse4 wsf4\">technical<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x304 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 634px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">liabilities (annualised)</span> </div>\n<div class=\"t m0 x302 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.41%</span> </div>\n<div class=\"t m0 x302 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.49%</span> </div>\n<div class=\"t m0 x304 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">6.40%</span> </div>\n<div class=\"t m0 x160 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.43%</span> </div>\n<div class=\"t m0 x160 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y647 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 634px; z-index: 15;\"> <span class=\"lse4 wsf4\">0.43%</span> </div>\n<div class=\"t m0 x14d h54 y5ff ff249 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 620px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 605px; z-index: 15;\">Key performance indicators Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 605px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff246 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 590px; z-index: 15;\">Expe<span class=\"_ _2\"></span>nse ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">33.2%</span> </div>\n<div class=\"t m0 x302 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">61.6%</span> </div>\n<div class=\"t m0 x304 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">38.4%</span> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.8%</span> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 590px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y5ff ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 590px; z-index: 15;\"> <span class=\"lse4 wsf4\">34.8%</span> </div>\n<div class=\"t m0 x14d h52 y608 ff246 fs3c fc14 sc0 ls109 ws125\" style=\"left: 69px; bottom: 575px; z-index: 15;\">Claims ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">65.0%</span> </div>\n<div class=\"t m0 x142 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 365px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">118.3%</span> </div>\n<div class=\"t m0 x304 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">57.2%</span> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">60.6%</span> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 575px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y608 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 575px; z-index: 15;\"> <span class=\"lse4 wsf4\">60.6%</span> </div>\n<div class=\"t m0 x14d h52 y603 ff246 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 560px; z-index: 15;\">Combined ratio<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 319px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">98.2%</span> </div>\n<div class=\"t m0 x142 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 365px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">179.9%</span> </div>\n<div class=\"t m0 x304 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 481px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">95.6%</span> </div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x19e h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">95.4%</span> </div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y603 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 768px; bottom: 560px; z-index: 15;\"> <span class=\"lse4 wsf4\">95.4%</span> </div>\n<div class=\"t m0 x14d h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Operating margin<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 325px; bottom: 545px; z-index: 15;\"> <span class=\"lsec wsfe\">8.3<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x302 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 369px; bottom: 545px; z-index: 15;\"> <span class=\"lse4 wsf4\">25.8%</span> </div>\n<div class=\"t m0 x304 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 485px; bottom: 545px; z-index: 15;\"> <span class=\"lsec wsfe\">6.0<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x160 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 545px; z-index: 15;\"> <span class=\"lsec wsfe\">8.0<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x160 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 545px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 774px; bottom: 545px; z-index: 15;\"> <span class=\"lsec wsfe\">8.1<span class=\"_ _2\"></span>%</span> </div>\n<div class=\"t m0 x14d h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 347px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 397px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 509px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 569px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 627px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 746px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f4 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 531px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 516px; z-index: 15;\">Technical Insurance liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 516px; z-index: 15;\">67,349<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 516px; z-index: 15;\">18,641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 449px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 485px; bottom: 516px; z-index: 15;\">1,656<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 516px; z-index: 15;\">(1,551)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 516px; z-index: 15;\">86,095<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff246 fs3c fc14 sc0 ls0 ws0\" style=\"left: 686px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 516px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f2 ff246 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 516px; z-index: 15;\">86,080<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 505px; height: 570px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 505px; height: 570px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff24b fs3a fc1f sc0 lse0 wsf0\" style=\"z-index: 15;\">Definit<span class=\"_ _0\"></span>ions of alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _2b\"></span>e performance <span class=\"wsfa\">me<span class=\"_ _0\"></span>asures i<span class=\"_ _2b\"></span>n the tables:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h52 y8da ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net underwriting result<span class=\"ls0 ws0\"> <span class=\"_ _c3\"> </span>: <span class=\"_ _212\"> </span></span>The difference between <span class=\"_ _0\"></span>the net earned premiums and<span class=\"_ _2b\"></span> the sum of the actual claim payment<span class=\"_ _0\"></span>s and the change in<span class=\"_ _0\"></span> insurance liabilities, both <span class=\"_ _2b\"></span>net of</div>\n<div class=\"t m0 xf2 h52 y17b9 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">reinsurance. The result is p<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>esented net<span class=\"_ _0\"></span> of allocated claim handlin<span class=\"_ _0\"></span>g expenses, general expenses<span class=\"_ _0\"></span>, commissions and reinsurance<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17ba ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net underwriting margin<span class=\"ls0 ws0\"> <span class=\"_ _ae\"> </span>: <span class=\"_ _212\"> </span></span>For Life the net <span class=\"_ _0\"></span>annualised underwriting result div<span class=\"_ _0\"></span>ided by the average ne<span class=\"_ _2b\"></span>t Life insurance liabilities during the reporting<span class=\"_ _0\"></span> pe<span class=\"wsf6\">riod. For Non<span class=\"ls0 ws0\">-</span>life the net </span></div>\n<div class=\"t m0 xf2 h52 y17bb ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">underwriting resu<span class=\"wsf6\">lt divided by the net earned premium.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h52 y17bc ff24b fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Net investment result<span class=\"ls0 ws0\"> <span class=\"_ _bf\"> </span>: <span class=\"_ _212\"> </span></span><span class=\"wsf3\">The sum of investment inc<span class=\"_ _0\"></span>ome and realised capital gain<span class=\"_ _2b\"></span>s or losses on assets covering insurance<span class=\"_ _0\"></span> liabilities, after deduction o<span class=\"wsf6\">f rela<span class=\"_ _0\"></span>ted investment </span></span></div>\n<div class=\"t m0 xf2 h52 y17bd ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">expenses. The investment re<span class=\"_ _0\"></span>sults in Life is als<span class=\"_ _0\"></span>o<span class=\"ls0 ws0\"> </span>adjusted for the amount that is <span class=\"_ _0\"></span>allocated to the poli<span class=\"_ _0\"></span>cyholders as technical inte<span class=\"_ _0\"></span>rest and profit sharing<span class=\"_ _0\"></span>.</div>\n<div class=\"t m0 xf2 h52 y17be ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">The investment results in<span class=\"_ _0\"></span> Accident &amp; Life (par<span class=\"_ _0\"></span>t of Non<span class=\"ls0 ws0\">-</span>life) is also corrected <span class=\"_ _0\"></span>for the technical interest tha<span class=\"_ _0\"></span>t has been accrued<span class=\"_ _0\"></span> to the insurance</div>\n<div class=\"t m0 xf2 h52 y17bf ff24b fs3c fc14 sc0 lse4 wsf4\" style=\"z-index: 15;\">liabilities. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c0 ff24b fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">Net investment margin<span class=\"ls0 ws0\"> <span class=\"_ _b2\"> </span>: <span class=\"_ _212\"> </span></span><span class=\"wsf3\">For Life the annual<span class=\"_ _0\"></span>ised investment result di<span class=\"_ _0\"></span>vided by the average <span class=\"_ _0\"></span>net Life insurance liabilities du<span class=\"_ _0\"></span>ring the reporting period<span class=\"_ _0\"></span>. For Non<span class=\"ls0 ws0\">-</span>life the investment </span></div>\n<div class=\"t m0 xf2 h52 y17c1 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">result divided by the n<span class=\"_ _2b\"></span>et ear<span class=\"_ _2\"></span>ned <span class=\"_ _0\"></span>premium.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c2 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net operating result<span class=\"ls0 ws0\"> <span class=\"_ _17a\"> </span>:<span class=\"_ _2\"></span> <span class=\"_ _1af\"> </span></span>T<span class=\"_ _2\"></span>he sum<span class=\"_ _0\"></span> of net underwriting result<span class=\"_ _0\"></span>, investment result and o<span class=\"_ _0\"></span>ther result allocated to<span class=\"_ _0\"></span> the insurance and/or in<span class=\"_ _0\"></span>vestment contracts<span class=\"wsf6\">. The difference </span></div>\n<div class=\"t m0 xf2 h52 y17c3 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">between operating result and<span class=\"_ _0\"></span> result before taxation <span class=\"_ _0\"></span>consists of all income and<span class=\"_ _0\"></span> costs not allocated <span class=\"_ _0\"></span>to the insurance and/or i<span class=\"_ _0\"></span>nvestment contracts and</div>\n<div class=\"t m0 xf2 h52 y17c4 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">thus not reported in <span class=\"_ _0\"></span>the operating result or<span class=\"_ _0\"></span> result from non<span class=\"ls0 ws0\">-</span>consolidated partnerships.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c5 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net operating margin<span class=\"ls0 ws0\"> <span class=\"_ _b7\"> </span>: <span class=\"_ _212\"> </span></span>For Life the annualised ope<span class=\"_ _0\"></span>rating result of the <span class=\"_ _2b\"></span>per<span class=\"_ _2\"></span>iod di<span class=\"_ _0\"></span>vided by the average ne<span class=\"_ _0\"></span>t Life insurance liabilities. <span class=\"_ _0\"></span>For Non<span class=\"ls0 ws0\">-</span>life the operating result <span class=\"_ _0\"></span>divided by</div>\n<div class=\"t m0 xf2 h52 y17c6 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">the net earned premiu<span class=\"_ _0\"></span>m.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c7 ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">Net earned premium<span class=\"ls0 ws0\"> <span class=\"_ _bb\"> </span>: <span class=\"_ _1af\"> </span></span>T<span class=\"_ _2\"></span>he written p<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>emiums <span class=\"_ _0\"></span>of Non<span class=\"ls0 ws0\">-</span>life covering the risks fo<span class=\"_ _0\"></span>r the current period ne<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ted for <span class=\"_ _0\"></span>the premiums paid to <span class=\"_ _0\"></span>reinsurers and the chan<span class=\"_ _0\"></span>ge in unearned</div>\n<div class=\"t m0 xf2 h52 y17c8 ff24b fs3c fc14 sc0 lse4 wsf6\" style=\"z-index: 15;\">premiums reserves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y17c9 ff24b fs3c fc14 sc0 lse5 wsf5\" style=\"z-index: 15;\">Exp<span class=\"lsec ws100\">ense rat<span class=\"_ _2\"></span>io<span class=\"ls0 ws0\"> <span class=\"_ _141\"> </span>: <span class=\"_ _212\"> </span><span class=\"lse4 wsf3\">The expenses as a<span class=\"_ _0\"></span> percentage of net ea<span class=\"_ _0\"></span>rned premiums. Included in<span class=\"_ _2b\"></span> expenses are internal costs of claims h<span class=\"_ _0\"></span>andling commissions, <span class=\"wsf6\">net of reinsurance<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x7 h52 y17ca ff24b fs3c fc14 sc0 ls109 ws125\" style=\"z-index: 15;\">Claims ratio<span class=\"ls0 ws0\"> <span class=\"_ _1f2\"> </span>: <span class=\"_ _1af\"> </span><span class=\"lse4 wsf3\">The cost of claims, net of reinsurance,<span class=\"_ _0\"></span> as a percentage of<span class=\"_ _0\"></span> net earned premiums.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h52 y17cb ff24b fs3c fc14 sc0 lse4 wsf4\" style=\"z-index: 15;\">Com<span class=\"wsf6\">bined ratio<span class=\"ls0 ws0\"> <span class=\"_ _13f\"> </span>: <span class=\"_ _212\"> </span></span><span class=\"wsf3\">A measure of profitability in Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">life which is the ratio b<span class=\"_ _0\"></span>etween the insurer\u2019s <span class=\"_ _0\"></span>total expenses and net ea<span class=\"_ _0\"></span>rned premiums. This is in<span class=\"_ _0\"></span>surer\u2019s total </span></span></span></span></div>\n<div class=\"t m0 xf2 h52 y17cc ff24b fs3c fc14 sc0 lse4 wsf3\" style=\"z-index: 15;\">expenses as a percentage o<span class=\"_ _2b\"></span>f net earned premiums. This is the sum<span class=\"_ _0\"></span> of the claims ratio and<span class=\"_ _2b\"></span> the expen<span class=\"lsec ws100\">se r<span class=\"_ _2\"></span>atio.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 755px; height: 351px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 755px; height: 351px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOperatingSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag513": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls5 ws5\" style=\"z-index: 15;\">Cash and cash<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">equiv<span class=\"_ _2b\"></span>alents</div>\n<div class=\"t m0 x7 h63 y17d6 ff251 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">Cash includes cash on han<span class=\"_ _0\"></span>d,</div>\n<div class=\"t m0 x7 h63 y17d7 ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">current accounts and other</div>\n<div class=\"t m0 x7 h63 y17d8 ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">financial instruments with a term of</div>\n<div class=\"t m0 x7 h63 y17d9 ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">less than three months from the</div>\n<div class=\"t m0 x7 h63 y17da ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">date on which they were acquired.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff24f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff24f fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y1550 ff24f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 564px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y1550 ff24f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff252 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xd7 h54 y608 ff252 fs3c fc1e sc0 ls0 ws0\" style=\"left: 639px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xd7 h54 y608 ff252 fs3c fc1e sc0 ls0 ws0\" style=\"left: 795px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff24f fs3c fc1e sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Cash on hand<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f4 ff24f fs3c fc1e sc0 ls0 ws0\" style=\"left: 634px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x2a1 h52 y5f4 ff24f fs3c fc1e sc0 ls0 ws0\" style=\"left: 790px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff24f fs3c fc1e sc0 lse4 wsf6\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Due from banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf4 h52 y5f9 ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 624px; bottom: 771px; z-index: 15;\">976<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y5f9 ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 773px; bottom: 771px; z-index: 15;\">1,750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf4 h52 y60e ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 624px; bottom: 756px; z-index: 15;\">175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf4 h52 y60e ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 780px; bottom: 756px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff253 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Total cash and cash equivalents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h54 y5f9 ff253 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 617px; bottom: 741px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h54 y5f9 ff253 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 741px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 724px; height: 237px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 724px; height: 237px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 724px; height: 237px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag510": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls5 ws5\" style=\"z-index: 15;\">Cash and cash<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">equiv<span class=\"_ _2b\"></span>alents</div>\n<div class=\"t m0 x7 h63 y17d6 ff251 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">Cash includes cash on han<span class=\"_ _0\"></span>d,</div>\n<div class=\"t m0 x7 h63 y17d7 ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">current accounts and other</div>\n<div class=\"t m0 x7 h63 y17d8 ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">financial instruments with a term of</div>\n<div class=\"t m0 x7 h63 y17d9 ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">less than three months from the</div>\n<div class=\"t m0 x7 h63 y17da ff251 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">date on which they were acquired.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff24f fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff24f fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y1550 ff24f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 564px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y1550 ff24f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff252 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xd7 h54 y608 ff252 fs3c fc1e sc0 ls0 ws0\" style=\"left: 639px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xd7 h54 y608 ff252 fs3c fc1e sc0 ls0 ws0\" style=\"left: 795px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff24f fs3c fc1e sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Cash on hand<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f4 ff24f fs3c fc1e sc0 ls0 ws0\" style=\"left: 634px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x2a1 h52 y5f4 ff24f fs3c fc1e sc0 ls0 ws0\" style=\"left: 790px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff24f fs3c fc1e sc0 lse4 wsf6\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Due from banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf4 h52 y5f9 ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 624px; bottom: 771px; z-index: 15;\">976<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y5f9 ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 773px; bottom: 771px; z-index: 15;\">1,750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf4 h52 y60e ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 624px; bottom: 756px; z-index: 15;\">175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf4 h52 y60e ff24f fs3c fc1e sc0 lse4 wsf4\" style=\"left: 780px; bottom: 756px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff253 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Total cash and cash equivalents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h54 y5f9 ff253 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 617px; bottom: 741px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h54 y5f9 ff253 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 741px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 724px; height: 237px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 724px; height: 237px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndBankBalancesAtCentralBanksExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag519": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>in<span class=\"_ _2\"></span>ancial<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tments</div>\n<div class=\"t m0 x7 h63 y17d6 ff258 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">The composition of financial</div>\n<div class=\"t m0 x7 h63 y17d7 ff258 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">investments is as follow<span class=\"_ _0\"></span>s.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x348 h52 y1550 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 570px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 y1550 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 612px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y1550 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 729px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 801px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h54 y608 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h54 y608 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 786px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Held to maturity</span> </div>\n<div class=\"t m0 x66 h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 667px; bottom: 786px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 786px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 771px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws15f\">Available for sale</span> </div>\n<div class=\"t m0 x5d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 660px; bottom: 771px; z-index: 15;\">41,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 777px; bottom: 771px; z-index: 15;\">55,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 756px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Held at fair value through profit or <span class=\"lsef ws10a\">loss</span></span> </div>\n<div class=\"t m0 x1d h52 y60e ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 673px; bottom: 756px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y60e ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 790px; bottom: 756px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 741px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Derivatives held for trading</span> </div>\n<div class=\"t m0 x1d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 673px; bottom: 741px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 801px; bottom: 741px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h54 y5f7 ff25a fs3c fc10 sc0 lsee ws15e\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Total, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 727px; z-index: 15;\">47,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 727px; z-index: 15;\">60,279<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Impairm<span class=\"_ _2\"></span>ents:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y5fc ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y5fc ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 697px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">of investments available for sale</span> </div>\n<div class=\"t m0 x66 h52 y601 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 667px; bottom: 697px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 697px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff25a fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 682px; z-index: 15;\">Total im<span class=\"_ _2b\"></span>pairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h54 y5fc ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 667px; bottom: 682px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h54 y5fc ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 682px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y180c ff25a fs3c fc10 sc0 lsec wsfe\" style=\"left: 324px; bottom: 652px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y180c ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 652px; z-index: 15;\">46,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y180c ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 652px; z-index: 15;\">59,952<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y17eb ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y17ec ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y17ed ff256 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Availab<span class=\"_ _0\"></span>le for s<span class=\"_ _0\"></span>ale fina<span class=\"_ _0\"></span>ncial in<span class=\"_ _0\"></span>vestme<span class=\"_ _2b\"></span>nts of EUR <span class=\"lse2 ws103\">2,424 million from Ageas Fra<span class=\"_ _2\"></span>nce were reclassified to </span></div>\n<div class=\"t m0 x26 h4f y17ee ff256 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">the line \u2018<span class=\"_ _2\"></span><span class=\"ls0 ws0\">A<span class=\"lse0 wsf0\">ssets he<span class=\"_ _0\"></span>ld for sale<span class=\"_ _0\"></span>\u2019 as per 31 Decem<span class=\"_ _2b\"></span>ber 2022<span class=\"ls0 ws0\">. </span></span></span></div>\n\n<div class=\"t m0 x26 h6a y17ef ff25b fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x26 h6a y17f0 ff25b fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Investments held <span class=\"_ _2\"></span>to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 575px; bottom: 495px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 480px; z-index: 15;\">bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 649px; bottom: 495px; z-index: 15;\">Corporate debt<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 480px; z-index: 15;\">securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 480px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff256 fs3c fc10 sc0 lse7 ws109\" style=\"left: 774px; bottom: 480px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 450px; z-index: 15;\">Investments held to <span class=\"_ _0\"></span>maturity at 1 January<span class=\"_ _0\"></span> 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 450px; z-index: 15;\">4,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5f2 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 450px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 450px; z-index: 15;\">4,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 435px; z-index: 15;\">Maturities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 608px; bottom: 435px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 778px; bottom: 435px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 420px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 420px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 420px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 420px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 405px; z-index: 15;\">Investments held to maturity at 31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 405px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 ydd0 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 405px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 405px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf6\" style=\"left: 324px; bottom: 390px; z-index: 15;\">Acquisitions/divestment of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 609px; bottom: 390px; z-index: 15;\">789<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 694px; bottom: 390px; z-index: 15;\">341<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 772px; bottom: 390px; z-index: 15;\">1,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 375px; z-index: 15;\">Maturities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 375px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 375px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 361px; z-index: 15;\">Acquisitions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 614px; bottom: 361px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 705px; bottom: 361px; z-index: 15;\">8</div>\n<div class=\"t m0 x2f h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 361px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 346px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 346px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 346px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 346px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf3\" style=\"left: 324px; bottom: 331px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 608px; bottom: 331px; z-index: 15;\">(81)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 693px; bottom: 331px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 774px; bottom: 331px; z-index: 15;\">(116)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff25a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 316px; z-index: 15;\">Investments held to maturity at 31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 316px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 316px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 316px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 286px; z-index: 15;\">Fair value at 31 Dece<span class=\"_ _0\"></span>mber 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 286px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y601 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 286px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 286px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 271px; z-index: 15;\">Fair value at 31 Dece<span class=\"_ _0\"></span>mber 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 271px; z-index: 15;\">5,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 271px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 271px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1801 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1802 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1803 ff256 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value of<span class=\"_ _0\"></span> <span class=\"wsf0\">govern<span class=\"_ _0\"></span>ment bonds<span class=\"_ _0\"></span> classif<span class=\"_ _2b\"></span>ied as investment<span class=\"_ _0\"></span>s held to mat<span class=\"_ _2b\"></span>urity is based on quote<span class=\"_ _2b\"></span>d </span></div>\n<div class=\"t m0 x26 h4f y1804 ff256 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">prices in act<span class=\"_ _2b\"></span>ive markets (lev<span class=\"_ _0\"></span>el 1)<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 198px; height: 353px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 198px; height: 763px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 198px; height: 763px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 198px; height: 763px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y1030 ff260 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the fo<span class=\"_ _2b\"></span>llowing table t<span class=\"_ _2b\"></span>he government<span class=\"_ _0\"></span> bonds c<span class=\"_ _0\"></span>lassifi<span class=\"_ _2b\"></span>ed as held to m<span class=\"_ _0\"></span>aturity <span class=\"_ _2b\"></span>as at 31<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">December a<span class=\"_ _0\"></span>re <span class=\"lse2 wsfa\">detailed b<span class=\"_ _2\"></span>y country of origin<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1810 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1066px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff260 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 527px; bottom: 1066px; z-index: 15;\">Historical/amortised cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y603 ff260 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 756px; bottom: 1066px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1036px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1036px; z-index: 15;\">4,296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1036px; z-index: 15;\">4,776<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1021px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1021px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1021px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1006px; z-index: 15;\">Indian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1006px; z-index: 15;\">763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1006px; z-index: 15;\">768<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff263 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 991px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 991px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 991px; z-index: 15;\">5,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 946px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 915px; z-index: 15;\">4,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 915px; z-index: 15;\">6,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 900px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 900px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 886px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 886px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y181e ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y181f ff264 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.2</span> </div>\n<div class=\"t m0 x7 h6a y1820 ff264 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Investment<span class=\"_ _0\"></span>s available for sale <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 746px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 776px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 761px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 746px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 746px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 746px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 776px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 761px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f7 ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 761px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 746px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 761px; z-index: 15;\">  </div>\n<div class=\"t m0 x196 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 746px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 761px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 746px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 715px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 715px; z-index: 15;\">596<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 715px; z-index: 15;\">(2,390)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 701px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 701px; z-index: 15;\">16,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 701px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 701px; z-index: 15;\">(1,537)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 701px; z-index: 15;\">14,725<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 701px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 701px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 686px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 686px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 686px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 671px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 671px; z-index: 15;\">40,062<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 671px; z-index: 15;\">650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 671px; z-index: 15;\">(3,927)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 671px; z-index: 15;\">36,785<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 671px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 671px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 641px; z-index: 15;\">366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 641px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 641px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 626px; z-index: 15;\">3,448<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 626px; z-index: 15;\">671<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 626px; z-index: 15;\">(102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 626px; z-index: 15;\">4,017<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 626px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 626px; z-index: 15;\">3,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x67 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y60e ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 597px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 582px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s</span></span> </div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 582px; z-index: 15;\">3,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 582px; z-index: 15;\">714<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 582px; z-index: 15;\">(105)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 582px; z-index: 15;\">4,424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 582px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 582px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 552px; z-index: 15;\">43,877<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 552px; z-index: 15;\">1,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 552px; z-index: 15;\">(4,032)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 552px; z-index: 15;\">41,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 552px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 477px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 507px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 492px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 477px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 477px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 477px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 492px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 492px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 477px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 477px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 492px; z-index: 15;\">  </div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 492px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 477px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 447px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 447px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 447px; z-index: 15;\">5,241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 447px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 432px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 432px; z-index: 15;\">17,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 432px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 432px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 432px; z-index: 15;\">18,415<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 432px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 432px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 417px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 417px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 417px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 417px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 417px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 417px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 402px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt <span class=\"wsf4\">securities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 402px; z-index: 15;\">43,323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 402px; z-index: 15;\">6,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 402px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 402px; z-index: 15;\">49,607<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 402px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 402px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 372px; z-index: 15;\">173<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 372px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 372px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 372px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 357px; z-index: 15;\">4,551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 357px; z-index: 15;\">1,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 357px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 357px; z-index: 15;\">5,781<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 357px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 357px; z-index: 15;\">5,475<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 343px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x67 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 328px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 313px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other investments</span> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 313px; z-index: 15;\">4,726<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 313px; z-index: 15;\">1,278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 313px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 313px; z-index: 15;\">5,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 313px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 313px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 283px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 283px; z-index: 15;\">48,049<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 283px; z-index: 15;\">7,630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 283px; z-index: 15;\">(97)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 283px; z-index: 15;\">55,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 283px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 283px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1842 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1843 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1844 ff260 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> EUR<span class=\"ls0 ws0\"> </span><span class=\"wsef\">1,979<span class=\"ls0 ws0\"> </span></span>mi<span class=\"_ _0\"></span>llion of th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents avail<span class=\"_ _2b\"></span>able for sale has been pl<span class=\"_ _2b\"></span>edged as collate<span class=\"_ _0\"></span>ral (<span class=\"lse2 wsf1\">2021<span class=\"ws103\">: EUR<span class=\"ls0 ws0\"> </span></span>2,032<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">million).</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 225px; height: 20px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 225px; height: 607px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 225px; height: 881px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 225px; height: 881px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 225px; height: 881px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 225px; height: 881px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments availa<span class=\"_ _0\"></span>ble for sa<span class=\"_ _2b\"></span>le is based on:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsf0\">Level 1: quoted pri<span class=\"_ _0\"></span>ces in activ<span class=\"_ _0\"></span>e markets;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsfa\">Level 2: observ<span class=\"_ _2b\"></span>able market dat<span class=\"_ _2b\"></span>a in active mar<span class=\"_ _0\"></span>kets;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse2 wsf1\">L<span class=\"_ _2\"></span>evel</span><span class=\"ff266\"> <span class=\"lse2 ws103\">3: non</span>-<span class=\"lse0 wsf0\">observable in<span class=\"_ _2b\"></span>puts (counterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _0\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x14d h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 1018px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 1018px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 1018px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 1018px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 987px; z-index: 15;\">21,723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 987px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y608 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 987px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 972px; z-index: 15;\">12,520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,565<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 972px; z-index: 15;\">626<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 972px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Equity <span class=\"wsf3\">securities, private equities and o<span class=\"_ _0\"></span>ther investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 943px; z-index: 15;\">2,621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 943px; z-index: 15;\">934<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 943px; z-index: 15;\">658<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 928px; z-index: 15;\">36,864<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">2,836<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 928px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 928px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y184e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y184f ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 881px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 881px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 881px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 881px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 850px; z-index: 15;\">30,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 850px; z-index: 15;\">551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 850px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 850px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Corporate debt <span class=\"lsef ws10a\">securitie<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 835px; z-index: 15;\">16,002<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 835px; z-index: 15;\">1,953<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 835px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 835px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Equity securities, private equi<span class=\"_ _0\"></span>ties and other investment<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 806px; z-index: 15;\">3,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 806px; z-index: 15;\">1,547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 806px; z-index: 15;\">936<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 806px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 791px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 791px; z-index: 15;\">49,777<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 791px; z-index: 15;\">4,102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 791px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 791px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 780px; height: 247px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1857 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1858 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1859 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The chang<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>in l<span class=\"_ _0\"></span>evel 3 <span class=\"lse2 wsfa\">valuation are<span class=\"_ _2\"></span> as follows.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y185a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 713px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 713px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 713px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 683px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 683px; z-index: 15;\">1,312<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y601 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 668px; z-index: 15;\">(385)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 653px; z-index: 15;\">Acquisitions/divestment of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Maturity/redemption or repayment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 638px; z-index: 15;\">(61)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 638px; z-index: 15;\">(63)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 624px; z-index: 15;\">Acquired<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 624px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 624px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 609px; z-index: 15;\">Proceeds from sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 609px; z-index: 15;\">(129)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 609px; z-index: 15;\">(140)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 594px; z-index: 15;\">Realised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 594px; z-index: 15;\">2</div>\n<div class=\"t m0 xd2 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 594px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 579px; z-index: 15;\">Reversal of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 564px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 564px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e4 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 564px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Unrealised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 549px; z-index: 15;\">(110)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 549px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 535px; z-index: 15;\">Transfers between valuation categories<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 535px; z-index: 15;\">289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 505px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 505px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y186a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186b ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Level 3 v<span class=\"_ _2b\"></span>aluations for p<span class=\"_ _2b\"></span>rivate equities<span class=\"_ _0\"></span> and ve<span class=\"_ _0\"></span>nture ca<span class=\"_ _2b\"></span>pital use fair v<span class=\"_ _2b\"></span>alues</div>\n<div class=\"t m0 x7 h4f y186d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ed in the <span class=\"_ _0\"></span>audite<span class=\"_ _2b\"></span>d financial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s of the <span class=\"_ _0\"></span>relevant<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y186e ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pations.<span class=\"_ _0\"></span> Level 3 val<span class=\"_ _0\"></span>uations f<span class=\"_ _0\"></span>or equiti<span class=\"_ _0\"></span>es and asset<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsef\">back<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x7 h4f y186f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies use a dis<span class=\"_ _0\"></span>coun<span class=\"lse2 ws103\">ted cash flow methodology. Expec<span class=\"_ _2\"></span>ted cash </span></div>\n<div class=\"t m0 x7 h4f y1870 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows tak<span class=\"_ _0\"></span>e into accou<span class=\"_ _0\"></span>nt origin<span class=\"_ _2b\"></span>al underwritin<span class=\"_ _0\"></span>g criteri<span class=\"_ _0\"></span>a, borrow<span class=\"_ _0\"></span>er attrib<span class=\"_ _0\"></span>utes</div>\n<div class=\"t m0 x7 h4f y1871 ff266 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(such as age and<span class=\"_ _2\"></span> credit scores), loan<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">val<span class=\"_ _0\"></span>ue ratios, ex<span class=\"_ _2b\"></span>pected house </span></span></div>\n<div class=\"t m0 x7 h4f y1872 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">price mov<span class=\"_ _0\"></span>ements a<span class=\"_ _0\"></span>nd expect<span class=\"_ _0\"></span>ed prepaym<span class=\"_ _2b\"></span>ent rates etc. Exp<span class=\"_ _0\"></span>ected cash</div>\n<div class=\"t m0 x7 h4f y1873 ff266 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">flow<span class=\"lse0 wsf0\">s are discount<span class=\"_ _2b\"></span>ed at risk<span class=\"ls0 ws0\">-</span>adjusted rat<span class=\"_ _2b\"></span>es. Market parti<span class=\"_ _0\"></span>cipants oft<span class=\"_ _2b\"></span>en use </span></div>\n<div class=\"t m0 x7 h4f y1874 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">such dis<span class=\"_ _0\"></span>counted <span class=\"_ _2b\"></span>cash flow tec<span class=\"_ _0\"></span>hnique<span class=\"_ _0\"></span>s to pric<span class=\"_ _0\"></span>e privat<span class=\"_ _2b\"></span>e equities and</div>\n<div class=\"t m0 x7 h4f y1875 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e capital.<span class=\"_ _0\"></span> We re<span class=\"_ _0\"></span>ly also o<span class=\"_ _0\"></span>n these q<span class=\"_ _0\"></span>uotes t<span class=\"_ _0\"></span>o a certai<span class=\"_ _2b\"></span>n extent when</div>\n<div class=\"t m0 x1a h4f y1876 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuing t<span class=\"_ _2b\"></span>hese instrum<span class=\"_ _0\"></span>ents. Th<span class=\"_ _2b\"></span>ese techniques<span class=\"_ _0\"></span> are<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">subject to inherent </span></span></div>\n<div class=\"t m0 x1a h4f y1877 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limitati<span class=\"_ _2b\"></span>ons, such as estimat<span class=\"_ _0\"></span>ion of the a<span class=\"_ _0\"></span>ppropria<span class=\"_ _2b\"></span>te risk<span class=\"ls0 ws0\">-</span>adjusted dis<span class=\"_ _0\"></span>count</div>\n<div class=\"t m0 x1a h4f y1878 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate, and d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nt assumpt<span class=\"_ _2b\"></span>ions and inputs wou<span class=\"_ _0\"></span>ld yield dif<span class=\"_ _0\"></span>ferent res<span class=\"_ _2b\"></span>ults.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1879 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y187a ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leve<span class=\"_ _2b\"></span>l 3 positions ar<span class=\"_ _2b\"></span>e mainly sensit<span class=\"_ _0\"></span>ive to a c<span class=\"_ _2b\"></span>hange in the l<span class=\"_ _0\"></span>evel of</div>\n<div class=\"t m0 x1a h4f y187b ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d futur<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span>cash flow<span class=\"_ _0\"></span>s and, ac<span class=\"_ _0\"></span>cordi<span class=\"_ _0\"></span>ngly, th<span class=\"_ _0\"></span>eir fair v<span class=\"_ _2b\"></span>alues vary in</div>\n<div class=\"t m0 x1a h4f y187c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ion to c<span class=\"_ _0\"></span>hanges of <span class=\"_ _0\"></span>these c<span class=\"_ _2b\"></span>ash flows. The c<span class=\"_ _2b\"></span>hanges in val<span class=\"_ _0\"></span>ue of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y187d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">level 3 i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents ar<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>nted for<span class=\"_ _0\"></span> in othe<span class=\"_ _0\"></span>r compr<span class=\"_ _0\"></span>ehensive <span class=\"_ _2b\"></span>income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y187e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Q<span class=\"lse0 wsf0\">uantitativ<span class=\"_ _2b\"></span>e unobservable i<span class=\"_ _0\"></span>nputs use<span class=\"_ _0\"></span>d when measu<span class=\"_ _2b\"></span>ring fair value are </span></div>\n<div class=\"t m0 x1a h4f y187f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not devel<span class=\"_ _0\"></span>oped by the ent<span class=\"_ _0\"></span>ity<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 305px; height: 801px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 305px; height: 801px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 305px; height: 801px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 305px; height: 801px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 305px; height: 801px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff26c fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Govern<span class=\"_ _0\"></span>ment bonds<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>deta<span class=\"_ _0\"></span>iled by cou<span class=\"_ _0\"></span>ntry of ori<span class=\"_ _0\"></span>gin <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff26c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 1065px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 1050px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 1035px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 1065px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 640px; bottom: 1050px; z-index: 15;\">u<span class=\"lse4 wsf4\">nrealised</span> </div>\n<div class=\"t m0 x160 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 1035px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 1050px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1035px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 1005px; z-index: 15;\">10,324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1005px; z-index: 15;\">(1,241)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1005px; z-index: 15;\">9,083<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 990px; z-index: 15;\">3,856<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 990px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">3,855<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Spanish national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 975px; z-index: 15;\">2,287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 661px; bottom: 975px; z-index: 15;\">(338)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">1,949<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 960px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 960px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">1,543<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 945px; z-index: 15;\">1,581<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 945px; z-index: 15;\">(53)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 931px; z-index: 15;\">1,029<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 931px; z-index: 15;\">2</div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 931px; z-index: 15;\">1,031<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 916px; z-index: 15;\">859<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 916px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">920<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 901px; z-index: 15;\">468<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 901px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 886px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 886px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 886px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Polish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 871px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 871px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 871px; z-index: 15;\">232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 856px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 856px; z-index: 15;\">234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 856px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 856px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 842px; z-index: 15;\">158<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 842px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 842px; z-index: 15;\">122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Luxembourg national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 827px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 827px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 827px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 812px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 812px; z-index: 15;\">2</div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 812px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Malta national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 797px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 797px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 797px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 782px; z-index: 15;\">636<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 782px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 782px; z-index: 15;\">601<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 767px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 767px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 767px; z-index: 15;\">(1,794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 767px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 722px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 707px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 692px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 722px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f9 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 640px; bottom: 707px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 692px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 722px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y5f9 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 707px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 692px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 662px; z-index: 15;\">10,891<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 662px; z-index: 15;\">2,203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 662px; z-index: 15;\">13,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 647px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 647px; z-index: 15;\">4,689<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 647px; z-index: 15;\">1,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 647px; z-index: 15;\">5,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 632px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 632px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 632px; z-index: 15;\">357<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 632px; z-index: 15;\">2,481<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 617px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 617px; z-index: 15;\">1,722<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 617px; z-index: 15;\">402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 617px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 602px; z-index: 15;\">Spanish <span class=\"wsf3\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 602px; z-index: 15;\">2,107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 602px; z-index: 15;\">287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 602px; z-index: 15;\">2,394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 588px; z-index: 15;\">1,159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 588px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 588px; z-index: 15;\">1,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 573px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 573px; z-index: 15;\">830<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 573px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 573px; z-index: 15;\">1,065<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 558px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 558px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 558px; z-index: 15;\">521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 543px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 543px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 543px; z-index: 15;\">365<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 528px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 528px; z-index: 15;\">222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 528px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 528px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Polish <span class=\"wsf6\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 513px; z-index: 15;\">274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 513px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 513px; z-index: 15;\">309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 498px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 498px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">244<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Czech Republic national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 469px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 469px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 469px; z-index: 15;\">105<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">US national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 561px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x28a h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 439px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 439px; z-index: 15;\">838<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 439px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 439px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 424px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 424px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 424px; z-index: 15;\">5,196<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 424px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 413px; height: 693px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 413px; height: 693px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 413px; height: 693px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 413px; height: 693px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 413px; height: 693px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff271 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">table below sh<span class=\"_ _0\"></span>ows net unr<span class=\"_ _0\"></span>ealised<span class=\"_ _0\"></span> gains and los<span class=\"_ _0\"></span>ses on inv<span class=\"_ _0\"></span>estments av<span class=\"_ _2b\"></span>ailable for sale in<span class=\"_ _0\"></span>cluded in e<span class=\"_ _0\"></span>quity<span class=\"lsf4 ws10c\">. </span>Equit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>sec<span class=\"_ _0\"></span>urities a<span class=\"_ _2b\"></span>nd other investment<span class=\"_ _2b\"></span>s also </span></div>\n<div class=\"t m0 x7 h4f y803 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include p<span class=\"_ _0\"></span>rivate eq<span class=\"_ _0\"></span>uities a<span class=\"_ _0\"></span>nd venture c<span class=\"_ _0\"></span>apital.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">Available for sale <span class=\"_ _0\"></span><span class=\"lse4 wsf3\">investments in debt securi<span class=\"_ _0\"></span>ties:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1019px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 989px; z-index: 15;\">(3,277)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">6,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 974px; z-index: 15;\">752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 974px; z-index: 15;\">(1,586)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 959px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 959px; z-index: 15;\">(2,251)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 945px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 945px; z-index: 15;\">652<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 930px; z-index: 15;\">(2,422)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 930px; z-index: 15;\">3,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 884px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 884px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in equity securities and ot<span class=\"_ _0\"></span>her investments:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 854px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 854px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 824px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 824px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 809px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 809px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 809px; z-index: 15;\">(134)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 795px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 795px; z-index: 15;\">(99)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 795px; z-index: 15;\">(756)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 780px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 xd2 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 780px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 780px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 765px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 765px; z-index: 15;\">505<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 765px; z-index: 15;\">477<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18ad ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18ae ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18af ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The chan<span class=\"_ _2b\"></span>ges in impairm<span class=\"_ _0\"></span>ents of i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts ava<span class=\"_ _0\"></span>ilable f<span class=\"_ _2b\"></span>or sale are as fo<span class=\"_ _0\"></span>llows<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18b0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 686px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 686px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff273 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 656px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 656px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 656px; z-index: 15;\">(336)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 641px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y638 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 626px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 611px; z-index: 15;\">(117)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 611px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 596px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 581px; z-index: 15;\">Reversal on sale/disposal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 581px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 581px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 567px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 567px; z-index: 15;\">2</div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 567px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 552px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 541px; height: 565px; width: 84%; z-index: 7;\"><br/></div>\n\n\n<div class=\"t m0 x7 h6a y18b8 ff275 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.3</span> </div>\n<div class=\"t m0 x7 h6a y18b9 ff275 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Investm<span class=\"_ _0\"></span>ents held<span class=\"_ _0\"></span> at fair value throug<span class=\"_ _0\"></span>h profit<span class=\"_ _0\"></span> or loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 457px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 457px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 457px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 427px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 412px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 412px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 412px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 397px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 397px; z-index: 15;\">1</div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 397px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 382px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 382px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 353px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 353px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 353px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 338px; z-index: 15;\">Other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 338px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 338px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 323px; z-index: 15;\">Equity securities and other in<span class=\"_ _2b\"></span>v<span class=\"_ _2\"></span>estments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 323px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 323px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff273 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 308px; z-index: 15;\">Total <span class=\"_ _2b\"></span>investments<span class=\"_ _0\"></span> held<span class=\"_ _0\"></span> at fair<span class=\"_ _2b\"></span> value thr<span class=\"_ _0\"></span>ough <span class=\"_ _0\"></span>profit<span class=\"_ _0\"></span> or los<span class=\"_ _2b\"></span>s<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 308px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 308px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18bf ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c1 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments hel<span class=\"_ _2b\"></span>d at fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh profit o<span class=\"_ _2b\"></span>r loss include <span class=\"_ _0\"></span>primar<span class=\"_ _0\"></span>ily</div>\n<div class=\"t m0 x7 h4f y18c2 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents related t<span class=\"_ _0\"></span>o insura<span class=\"_ _0\"></span>nce liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s where c<span class=\"_ _2b\"></span>ash flows are l<span class=\"_ _0\"></span>inked</div>\n<div class=\"t m0 x7 h4f y18c3 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the p<span class=\"_ _0\"></span>erforma<span class=\"_ _0\"></span>nce of t<span class=\"_ _0\"></span>hese ass<span class=\"_ _0\"></span>ets, ei<span class=\"_ _0\"></span>ther co<span class=\"_ _0\"></span>ntractu<span class=\"_ _0\"></span>ally or o<span class=\"_ _0\"></span>n the bas<span class=\"_ _2b\"></span>is</div>\n<div class=\"t m0 x7 h4f y18c4 ff271 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of discret<span class=\"_ _2\"></span>ionary participation a<span class=\"_ _2\"></span>nd whose measuremen<span class=\"_ _2\"></span>t incorporates</div>\n<div class=\"t m0 x7 h4f y18c5 ff271 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">current informa<span class=\"_ _2\"></span>tion. This measurement signi<span class=\"_ _2\"></span>f<span class=\"lse0 wsf0\">ica<span class=\"_ _0\"></span>ntly reduc<span class=\"_ _2b\"></span>es an </span></div>\n<div class=\"t m0 x7 h4f y18c6 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mism<span class=\"_ _2b\"></span>atch that woul<span class=\"_ _2b\"></span>d otherwise ar<span class=\"_ _0\"></span>ise fro<span class=\"_ _0\"></span>m measur<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>ets</div>\n<div class=\"t m0 x7 h4f y18c7 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and liabi<span class=\"_ _0\"></span>lities an<span class=\"_ _0\"></span>d the relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>gain<span class=\"_ _0\"></span>s and losses<span class=\"_ _0\"></span> on differe<span class=\"_ _2b\"></span>nt bases.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18c8 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Other in<span class=\"_ _0\"></span>vestme<span class=\"_ _2b\"></span>nts held at fair<span class=\"_ _0\"></span> value th<span class=\"_ _2b\"></span>rough profit o<span class=\"_ _0\"></span>r loss rel<span class=\"_ _2b\"></span>ate to</div>\n<div class=\"t m0 x1a h4f y18c9 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents in the pro<span class=\"_ _2b\"></span>perty f<span class=\"lse2 wsf1\">und. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18ca ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The nomin<span class=\"_ _0\"></span>al value of t<span class=\"_ _0\"></span>he debt secu<span class=\"_ _0\"></span>rities hel<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>at fai<span class=\"_ _0\"></span>r value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it</div>\n<div class=\"t m0 x1a h4f y18cb ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or loss as at <span class=\"wsef\">31<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsfa\">2022 is EUR<span class=\"_ _2\"></span></span> <span class=\"lse2 wsfa\">139 million (<span class=\"_ _2\"></span>31</span> </span>Decem<span class=\"_ _2b\"></span>ber<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">202<span class=\"_ _2\"></span>1: </span></span></span></div>\n<div class=\"t m0 x1a h4f y18cc ff271 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">133<span class=\"_ _2\"></span></span> <span class=\"ls102 ws11d\">million).</span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 156px; height: 358px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 156px; height: 950px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 156px; height: 950px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 156px; height: 950px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 156px; height: 950px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments held at f<span class=\"_ _0\"></span>air valu<span class=\"_ _2b\"></span>e through <span class=\"wsf0\">prof<span class=\"_ _0\"></span>it or loss is ba<span class=\"_ _0\"></span>sed on:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 1</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsfa\">quote<span class=\"_ _0\"></span>d prices i<span class=\"_ _2b\"></span>n active market<span class=\"_ _2b\"></span>s;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 2</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et data in act<span class=\"_ _0\"></span>ive mark<span class=\"_ _0\"></span>ets;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 3</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse2 wsf1\">non</span>-<span class=\"lse0 wsf0\">observabl<span class=\"_ _0\"></span>e inputs (c<span class=\"_ _0\"></span>ounterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _2b\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y807 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation at year<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">end is<span class=\"_ _0\"></span> as follow<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 986px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 986px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 986px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 986px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y601 ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 986px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 956px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 941px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 926px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 911px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 896px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 896px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 896px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 896px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 896px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff27c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total Investments held at<span class=\"_ _0\"></span> fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 867px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 867px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 867px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 867px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 867px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18d7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18d8 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 820px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 820px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 820px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 820px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 820px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 789px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 774px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5fc ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 745px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 730px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 730px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 730px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 730px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 730px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27c fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Total Investments held at <span class=\"lsef ws102\">fair valu<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 460px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 633px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 720px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 700px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 700px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 700px; z-index: 15;\">206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 700px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 700px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 689px; height: 338px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 689px; height: 417px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 689px; height: 417px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y18de ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18df ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h6a y18e0 ff27d fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.4</span> </div>\n<div class=\"t m0 x7 h6a y18e1 ff27d fs46 fcf sc0 ls10c ws12f\" style=\"z-index: 15;\">Deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s held<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>trading<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18e2 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Derivat<span class=\"_ _0\"></span>ives hel<span class=\"_ _2b\"></span>d for trading <span class=\"_ _0\"></span><span class=\"lse2\">are based <span class=\"_ _2\"></span>on <span class=\"lse0 wsef\">level<span class=\"ls0 ws0\"> </span></span><span class=\"ws103\">2 valuation (observable<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y18e3 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market dat<span class=\"_ _2b\"></span>a in<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>act<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s)<span class=\"lsf4 ws114\">. S<span class=\"lse2 wsfa\">ee also note <span class=\"_ _2\"></span><span class=\"wsf1\">27<span class=\"ls0 ws0\"> </span><span class=\"ws103\">Derivatives for<span class=\"_ _2\"></span> further </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y18e4 ff277 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">details<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 533px; height: 89px; width: 346px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y18e5 ff27d fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">10.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y18e6 ff27d fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Securities lending<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18e7 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Under sec<span class=\"_ _0\"></span>urities l<span class=\"_ _0\"></span>ending ag<span class=\"_ _0\"></span>reement<span class=\"_ _0\"></span>s, we have aut<span class=\"_ _2b\"></span>horised third pa<span class=\"_ _0\"></span>rties</div>\n<div class=\"t m0 x7 h4f y18e8 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to use ce<span class=\"_ _0\"></span>rtain of<span class=\"_ _0\"></span> our sec<span class=\"_ _0\"></span>urities f<span class=\"_ _2b\"></span>or a limited p<span class=\"_ _0\"></span>eriod of<span class=\"_ _0\"></span> time, <span class=\"_ _0\"></span>after wh<span class=\"_ _0\"></span>ich</div>\n<div class=\"t m0 x7 h4f y18e9 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">they ret<span class=\"_ _0\"></span>urn the s<span class=\"_ _2b\"></span>ecurities to us<span class=\"_ _0\"></span>. Durin<span class=\"_ _0\"></span>g such ti<span class=\"_ _2b\"></span>me, w<span class=\"wsf0\">e continue to e<span class=\"_ _2b\"></span>arn </span></div>\n<div class=\"t m0 x7 h4f y18ea ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the rev<span class=\"_ _0\"></span>enues th<span class=\"_ _0\"></span>at these <span class=\"_ _2b\"></span>securities g<span class=\"_ _0\"></span>enerat<span class=\"_ _0\"></span>e. We also <span class=\"_ _2b\"></span>benefit from</div>\n<div class=\"t m0 x7 h4f y18eb ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">collate<span class=\"_ _0\"></span>ral under t<span class=\"_ _0\"></span>he form of ot<span class=\"_ _0\"></span>her secu<span class=\"_ _0\"></span>rities wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>a cove<span class=\"_ _2b\"></span>rage rate of at</div>\n<div class=\"t m0 x7 h4f y18ec ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">least 105%.<span class=\"_ _2\"></span> As at year<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">end,<span class=\"_ _0\"></span> such agree<span class=\"_ _0\"></span>ments cov<span class=\"_ _2b\"></span>ered an amount of </span></span></div>\n<div class=\"t m0 x7 h4f y18ed ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 691 mil<span class=\"_ _0\"></span>lion (EUR<span class=\"_ _0\"></span> 738 milli<span class=\"_ _0\"></span>on <span class=\"wsfa\">last ye<span class=\"_ _0\"></span>ar).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y18ee ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h6a y18e0 ff27d fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">10.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y18e1 ff27d fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Interests in unconsolidated<span class=\"_ _0\"></span> structured entities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18e2 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Insura<span class=\"_ _2b\"></span>nce, a subsidiary of<span class=\"_ _0\"></span> Ageas Gro<span class=\"_ _0\"></span>up, <span class=\"ls102 ws11d\">hold</span>s notes <span class=\"lsfb wsfa\">which </span></div>\n<div class=\"t m0 x1a h4f y18e3 ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">represent<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"ws103\">an interest (through<span class=\"_ _2\"></span> the rece<span class=\"lse0 wsf0\">ipt of pri<span class=\"_ _2b\"></span>ncipal and interes<span class=\"_ _0\"></span>t) in<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18e4 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">struct<span class=\"_ _0\"></span>ured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">that <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">it does not </span></span></span></span>consolidat<span class=\"_ _0\"></span>e. The struc<span class=\"_ _0\"></span>tured ent<span class=\"_ _2b\"></span>it<span class=\"ls102 ws11d\">ie<span class=\"_ _2\"></span>s </span></div>\n<div class=\"t m0 x1a h4f y18ef ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">invest<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">in mortgage receivab<span class=\"_ _2\"></span>les </span></span><span class=\"wsf0\">and leas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>eivabl<span class=\"_ _2b\"></span>es and generate<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18f0 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">funds th<span class=\"_ _0\"></span>rough t<span class=\"_ _2b\"></span>he issu<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf0\">of not<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">or units.</span> </span></span></div>\n<div class=\"t m0 x1a h4f y18f1 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f2 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">These structured<span class=\"_ _2\"></span> notes <span class=\"wsfa\">and units <span class=\"lse0 wsf0\">are recorded in \u2019Inv<span class=\"_ _2b\"></span>estments avail<span class=\"_ _0\"></span>able </span></span></div>\n<div class=\"t m0 x1a h4f y18f3 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for sale\u2019.<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Ne<span class=\"_ _2b\"></span>xt to the notes <span class=\"_ _0\"></span>and unit<span class=\"_ _0\"></span>s, AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e does no<span class=\"_ _0\"></span>t <span class=\"lse2\">hold any </span></span></div>\n<div class=\"t m0 x1a h4f y18f4 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other interest<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">in th<span class=\"_ _0\"></span>ese stru<span class=\"_ _0\"></span>ctured <span class=\"_ _0\"></span>entities<span class=\"_ _2b\"></span>. The <span class=\"wsf0\">maximum los<span class=\"_ _2b\"></span>s exposure<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y18f5 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance has is <span class=\"lse2 ws103\">limited to the carrying amoun<span class=\"_ _2\"></span>t of the notes<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">or uni<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18f6 ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">held.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18f7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f8 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e in the Fund of</div>\n<div class=\"t m0 x1a h4f y18f9 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">mortgage loan<span class=\"_ _2\"></span>s amounts to EU<span class=\"_ _2\"></span>R 319 million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR</div>\n<div class=\"t m0 x1a h4f y18fa ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">410 milli<span class=\"_ _0\"></span>on at 31 Decem<span class=\"_ _0\"></span>ber 2021<span class=\"_ _0\"></span>). The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interes<span class=\"_ _0\"></span>t held</div>\n<div class=\"t m0 x1a h4f y18fb ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">by AG Ins<span class=\"_ _2b\"></span>urance in Leas<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">backed rec<span class=\"_ _2b\"></span>eivables amount<span class=\"_ _0\"></span>s to EUR 28 </span></div>\n<div class=\"t m0 x1a h4f y18fc ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">35 millio<span class=\"_ _2b\"></span>n at <span class=\"_ _2\"></span>31 De<span class=\"_ _0\"></span>cember 2<span class=\"_ _0\"></span>021). </span></span></div>\n<div class=\"t m0 x1a h4f y18fd ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG Ins<span class=\"_ _2b\"></span>urance in Privat<span class=\"_ _0\"></span>e Equity</div>\n<div class=\"t m0 x1a h4f y18fe ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts to EUR 173<span class=\"_ _2\"></span> million at 31 December 2022 (EU<span class=\"_ _2\"></span>R 27<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">millio<span class=\"_ _0\"></span>n at 31 </span></span></div>\n<div class=\"t m0 x1a h4f y18ff ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">December <span class=\"lse0 wsef\">2021).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1900 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1901 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Fund of mo<span class=\"_ _0\"></span>rtgage lo<span class=\"_ _2b\"></span>ans is fully detaine<span class=\"_ _2b\"></span>d by AG Insurance, a<span class=\"_ _0\"></span>nd the</div>\n<div class=\"t m0 x1a h4f y1902 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">total ass<span class=\"_ _0\"></span>ets of the Le<span class=\"_ _0\"></span>ase<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">backed receivabl<span class=\"_ _2\"></span>es amounts to E<span class=\"_ _2\"></span>UR 196 </span></span></div>\n<div class=\"t m0 x1a h4f y1903 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>(EUR 339 million <span class=\"_ _2\"></span>at 31 December <span class=\"_ _2\"></span>2021)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 202px; height: 415px; width: 353px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 202px; height: 420px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 201px; height: 905px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 201px; height: 905px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 201px; height: 905px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">In<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">propert<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h63 y17d6 ff280 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Investment property mainly</div>\n<div class=\"t m0 x7 h63 y17d7 ff280 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">comprises<span class=\"ls0 ws0\"> <span class=\"lsf8 ws10f\">office buildings and </span></span></div>\n<div class=\"t m0 x7 h63 y17d8 ff280 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">retail space.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x3 h52 y1550 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 538px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y1550 ff27e fs3c fc10 sc0 lse4 wsf3\" style=\"left: 590px; bottom: 816px; z-index: 15;\">31 December <span class=\"wsf4\">2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x304 h52 y1550 ff27e fs3c fc10 sc0 lse4 wsf3\" style=\"left: 717px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x247 h54 y608 ff281 fs3c fc14 sc0 ls0 ws0\" style=\"left: 666px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x247 h54 y608 ff281 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f4 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 646px; bottom: 786px; z-index: 15;\">3,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f4 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 786px; z-index: 15;\">3,120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Impairments of investment p<span class=\"_ _0\"></span>roperty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 771px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 771px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff282 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment pr<span class=\"_ _0\"></span>operty<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 646px; bottom: 756px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 756px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1906 ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1907 ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 xf2 h52 y5f9 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 535px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x225 h52 y5f9 ff27e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 709px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff27e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 709px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y60e ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y60e ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff282 fs3c fc10 sc0 lsef ws102\" style=\"left: 324px; bottom: 679px; z-index: 15;\">Acqui<span class=\"_ _2\"></span>sition cos<span class=\"_ _2\"></span>t as at 1 Janua<span class=\"_ _2\"></span>ry<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5fc ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 679px; z-index: 15;\">3,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5fc ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 679px; z-index: 15;\">3,661<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff27e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 664px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f7 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 649px; bottom: 664px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y5f7 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 649px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 649px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 649px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 634px; z-index: 15;\">Additions/purchases<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 634px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 634px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff27e fs3c fc14 sc0 lsec ws100\" style=\"left: 324px; bottom: 619px; z-index: 15;\">Capi<span class=\"_ _2\"></span>tal impro<span class=\"_ _2\"></span>vements<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5ff ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 619px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5ff ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 619px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 604px; z-index: 15;\">Disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 604px; z-index: 15;\">(350)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 604px; z-index: 15;\">(100)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 590px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y603 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 590px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y603 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 590px; z-index: 15;\">(43)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 575px; z-index: 15;\">Acquisition cost as a<span class=\"_ _0\"></span>t 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y605 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 575px; z-index: 15;\">3,841<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y605 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 575px; z-index: 15;\">3,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y603 ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y603 ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 545px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 545px; z-index: 15;\">(810)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 545px; z-index: 15;\">(770)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff27e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 530px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y632 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 530px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y632 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 515px; z-index: 15;\">Depreciation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f2 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 649px; bottom: 515px; z-index: 15;\">(95)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f2 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 515px; z-index: 15;\">(97)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 500px; z-index: 15;\">Reversal of depreciation due<span class=\"_ _0\"></span> to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 ydd0 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 500px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 ydd0 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 500px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 486px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 649px; bottom: 486px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 486px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 471px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 471px; z-index: 15;\">(805)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 471px; z-index: 15;\">(810)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y5f9 ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y5f9 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff282 fs3c fc10 sc0 lsef ws102\" style=\"left: 324px; bottom: 441px; z-index: 15;\">Accumu<span class=\"_ _2\"></span>lated imp<span class=\"_ _2\"></span>airments a<span class=\"_ _2\"></span>s at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5f7 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 441px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5f7 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 441px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 426px; z-index: 15;\">Increase in <span class=\"lsef ws10a\">impa<span class=\"_ _2\"></span>irment<span class=\"ls0 ws0\">s </span></span></div>\n<div class=\"t m0 x356 h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 426px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y5fc ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 411px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y601 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x356 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 411px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 397px; z-index: 15;\">Accumulated impairments as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 397px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 397px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y601 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y601 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 367px; z-index: 15;\">Net investment property as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 367px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 367px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y191e ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y191f ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x26 h4f y1920 ff27e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As at 31<span class=\"ls0 ws0\"> </span>Decem<span class=\"_ _0\"></span>ber 2022 and 3<span class=\"_ _2b\"></span>1<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">December 2021</span></span>, no property was pl<span class=\"_ _0\"></span>edged as col<span class=\"_ _2b\"></span>lateral (see als<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x26 h4f y1921 ff27e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">note 21 B<span class=\"_ _2\"></span>orrowings). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 294px; height: 31px; width: 471px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 293px; height: 668px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1030 ff285 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Annual appra<span class=\"_ _2\"></span>isals, whereby <span class=\"_ _2\"></span>the independent apprai<span class=\"_ _2\"></span>sers are rotated</div>\n<div class=\"t m0 x7 h4f y192c ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">every thr<span class=\"_ _0\"></span>ee years, c<span class=\"_ _0\"></span>over almost<span class=\"_ _0\"></span> all of the inv<span class=\"_ _2b\"></span>estment propert<span class=\"_ _0\"></span>ies. Fair</div>\n<div class=\"t m0 x7 h4f y192d ff285 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">values (le<span class=\"_ _2\"></span>vel 3) are based<span class=\"_ _2\"></span> on non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">observable m<span class=\"_ _2b\"></span>arket data and/or </span></span></div>\n<div class=\"t m0 x7 h4f y192e ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash flows.<span class=\"_ _2b\"></span> Expected pro<span class=\"_ _0\"></span>perty ca<span class=\"_ _0\"></span>sh flows t<span class=\"_ _2b\"></span>aken into acc<span class=\"_ _0\"></span>ount</div>\n<div class=\"t m0 x7 h4f y192f ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d rental inc<span class=\"_ _2b\"></span>ome growth rates,<span class=\"_ _0\"></span> void peri<span class=\"_ _0\"></span>ods, occ<span class=\"_ _0\"></span>upancy rat<span class=\"_ _2b\"></span>es,</div>\n<div class=\"t m0 x7 h4f y1930 ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease inc<span class=\"_ _0\"></span>entive co<span class=\"_ _0\"></span>sts, such as<span class=\"_ _0\"></span> rent<span class=\"ls0 ws0\">-</span>free peri<span class=\"_ _2b\"></span>ods, and other cost<span class=\"_ _0\"></span>s not paid</div>\n<div class=\"t m0 x1a h4f y1931 ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">by tena<span class=\"_ _0\"></span>nts. Exp<span class=\"_ _0\"></span>ected n<span class=\"_ _0\"></span>et cash fl<span class=\"_ _2b\"></span>ows are then d<span class=\"_ _0\"></span>iscount<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g risk<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1932 ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed discount<span class=\"_ _0\"></span> rates. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1933 ff285 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Among other fact<span class=\"_ _2\"></span>ors, the discount rate estima<span class=\"_ _2\"></span>tion considers the quali<span class=\"_ _2\"></span>ty</div>\n<div class=\"t m0 x1a h4f y1934 ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of a buil<span class=\"_ _0\"></span>ding an<span class=\"_ _0\"></span>d its loc<span class=\"_ _0\"></span>ation (<span class=\"_ _0\"></span>prime v<span class=\"_ _2b\"></span>s secondary), t<span class=\"_ _2b\"></span>enant credit q<span class=\"_ _0\"></span>uality</div>\n<div class=\"t m0 x1a h4f y1935 ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and lease t<span class=\"_ _0\"></span>erms. For d<span class=\"_ _0\"></span>evelopm<span class=\"_ _0\"></span>ent prope<span class=\"_ _0\"></span>rty (i.e. u<span class=\"_ _0\"></span>nder const<span class=\"_ _0\"></span>ructi<span class=\"_ _0\"></span>on), the</div>\n<div class=\"t m0 x1a h4f y1936 ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue is set<span class=\"_ _0\"></span> to cost <span class=\"_ _2b\"></span>until the prop<span class=\"_ _0\"></span>erty is o<span class=\"_ _0\"></span>perati<span class=\"_ _2b\"></span>onal.</div>\n<div class=\"t m0 x7 h4f y1937 ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1938 ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x25 h52 y60e ff285 fs3c fc10 sc0 ls0 ws0\" style=\"left: 452px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y60e ff285 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 946px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y60e ff285 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 946px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Fair values supported by market evidence<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 916px; z-index: 15;\">579<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">483<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Fair value subject to an independent valuation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 901px; z-index: 15;\">3,627<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 901px; z-index: 15;\">3,823<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff287 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue of inv<span class=\"_ _2b\"></span>estment prope<span class=\"_ _0\"></span>rty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 886px; z-index: 15;\">4,206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 886px; z-index: 15;\">4,306<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Total carrying amount (<span class=\"_ _0\"></span>including lease liability)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 871px; z-index: 15;\">2,969<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 871px; z-index: 15;\">3,057<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff287 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Gross u<span class=\"_ _2b\"></span>nrealised gai<span class=\"_ _2b\"></span>ns (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 856px; z-index: 15;\">1,237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 856px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Unrealised gains (losses) to policyholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5ff ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x145 h52 y5ff ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 842px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 827px; z-index: 15;\">(343)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 827px; z-index: 15;\">(342)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff287 fs3c fc10 sc0 lsee ws101\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Net unrealised gains (lo<span class=\"_ _2\"></span>sses) (not recognised in equity)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 812px; z-index: 15;\">894<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 812px; z-index: 15;\">867<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y193a ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y193b ff285 fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">Property<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">rented out under oper<span class=\"_ _2\"></span>ating lease<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y193c ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rent<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">out</span> <span class=\"lse2 ws103\">certain assets<span class=\"_ _2\"></span> </span>\u2013 </span><span class=\"wsfa\">mainly <span class=\"_ _0\"></span>property <span class=\"_ _0\"></span>held for<span class=\"_ _2b\"></span> investment pu<span class=\"_ _0\"></span>rposes <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsf0\">to exter<span class=\"_ _2b\"></span>nal parties based on op<span class=\"_ _2b\"></span>erating lease ag<span class=\"_ _0\"></span>reements<span class=\"_ _0\"></span>. As at </span></span></div>\n<div class=\"t m0 x7 h4f y193d ff285 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Decemb<span class=\"_ _0\"></span>er the mi<span class=\"_ _0\"></span>nimum p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s to be rec<span class=\"_ _2b\"></span>eived from i<span class=\"_ _0\"></span>rrevoca<span class=\"_ _0\"></span>ble leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>ments am<span class=\"_ _2b\"></span>ounted to:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y193e ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff285 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 702px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y605 ff285 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 702px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y605 ff285 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 702px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff288 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff288 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 671px; z-index: 15;\">Less than 3 <span class=\"lsec wsfe\">mont<span class=\"_ _2\"></span>hs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y608 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 671px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 671px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 656px; z-index: 15;\">3 months to 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 656px; z-index: 15;\">156<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 656px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 642px; z-index: 15;\">1 year to 2 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 642px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 642px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 627px; z-index: 15;\">2 years to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 627px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 627px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 612px; z-index: 15;\">3 years to 4 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 612px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 612px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 597px; z-index: 15;\">4 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 597px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 597px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 582px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 582px; z-index: 15;\">635<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 582px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff287 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 567px; z-index: 15;\">Total undiscounted lease payments receivable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 567px; z-index: 15;\">1,391<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 567px; z-index: 15;\">1,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1949 ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y194a ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y194b ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> <span class=\"lsfa ws114\">EUR<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">97<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">mi<span class=\"_ _2\"></span>llion</span> <span class=\"ls102 ws11d\">in <span class=\"lse2 wsf1\">2022<span class=\"_ _2\"></span></span></span> </span><span class=\"wsfa\">of the t<span class=\"_ _2b\"></span>otal minimum p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s to be re<span class=\"_ _2b\"></span>ceived from i<span class=\"_ _0\"></span>rrevocab<span class=\"_ _0\"></span>le leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>ments rel<span class=\"_ _2b\"></span>ates to propert<span class=\"_ _0\"></span>y, pla<span class=\"_ _0\"></span>nt and </span></span></div>\n<div class=\"t m0 x7 h4f y194c ff285 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">equipment (<span class=\"wsf1\">2021<span class=\"_ _2\"></span><span class=\"lsfa ws136\">: EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">66</span> <span class=\"lse0 wsf0\">million). T<span class=\"_ _2b\"></span>he remainder relat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>to inv<span class=\"_ _2b\"></span>estment prope<span class=\"_ _0\"></span>rty<span class=\"ls0 ws0\">. </span></span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 494px; height: 612px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>a<span class=\"_ _2\"></span>ir v<span class=\"_ _2b\"></span>a<span class=\"_ _2\"></span>lue of finan<span class=\"_ _2\"></span>cial a<span class=\"_ _2\"></span>sse<span class=\"_ _2b\"></span>ts</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">and fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l liabilities</div>\n<div class=\"t m0 x7 h63 y17d6 ff364 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">The <span class=\"ws10f\">following table s<span class=\"_ _2\"></span>hows the fair </span></div>\n<div class=\"t m0 x7 h63 y17d7 ff364 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">value<span class=\"ls0 ws0\"> <span class=\"lsf6\">of financial assets and </span></span></div>\n<div class=\"t m0 x7 h63 y17d8 ff364 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">liabilities <span class=\"lsf8 ws10f\">measured at<span class=\"ls0 ws0\"> </span><span class=\"ws112\">amortised </span></span></div>\n<div class=\"t m0 x7 h63 y17d9 ff364 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">cost.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y1550 ff362 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 595px; bottom: 816px; z-index: 15;\">31 December <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 629px; bottom: 802px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y1550 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y1550 ff362 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 741px; bottom: 816px; z-index: 15;\">31 December <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 802px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 483px; bottom: 787px; z-index: 15;\">Level<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x261 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 787px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 609px; bottom: 787px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x261 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 664px; bottom: 787px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 755px; bottom: 787px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff362 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5f9 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 648px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff366 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff366 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Cash and cash <span class=\"wsf4\">equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x143 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 756px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 756px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 756px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 756px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 756px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Financial Investments held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f9 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 741px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 741px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 741px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 741px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f7 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 727px; z-index: 15;\">2</div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 549px; bottom: 727px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 727px; z-index: 15;\">13,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 727px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 727px; z-index: 15;\">15,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5fc ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 712px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 712px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 712px; z-index: 15;\">1,991<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 712px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 712px; z-index: 15;\">2,146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff365 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 697px; z-index: 15;\">Total f<span class=\"_ _0\"></span>inancia<span class=\"_ _2b\"></span>l assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y601 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 549px; bottom: 697px; z-index: 15;\">24,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 697px; z-index: 15;\">22,755<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 697px; z-index: 15;\">22,929<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 697px; z-index: 15;\">26,032<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 648px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5fc ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5fc ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 667px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y601 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y601 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 648px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y601 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y601 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 652px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y180c ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 652px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 652px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 652px; z-index: 15;\">2,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 652px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 652px; z-index: 15;\">2,757<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 637px; z-index: 15;\">Borrowings, excluding lease<span class=\"_ _0\"></span> liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y608 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 637px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 637px; z-index: 15;\">3,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 637px; z-index: 15;\">3,177<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 637px; z-index: 15;\">3,056<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 637px; z-index: 15;\">3,056<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff365 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 623px; z-index: 15;\">Total f<span class=\"_ _0\"></span>inancia<span class=\"_ _2b\"></span>l liabilitie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y603 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 623px; z-index: 15;\">5,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 623px; z-index: 15;\">5,359<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 623px; z-index: 15;\">5,804<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 623px; z-index: 15;\">5,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1c16 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1c17 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1e01 ff362 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The fair value (FV<span class=\"_ _2\"></span>) calculation of financial<span class=\"_ _2\"></span> instruments not actively tr<span class=\"_ _2\"></span>aded on financial marke<span class=\"_ _2\"></span>ts can</div>\n<div class=\"t m0 x26 h4f y1e02 ff362 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">be summari<span class=\"_ _2b\"></span>sed as follows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1e03 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 531px; z-index: 15;\">Instrument Type<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 480px; bottom: 531px; z-index: 15;\">Ageas Products<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 531px; z-index: 15;\">Fair Value Calculation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y70b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y70b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y70b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 506px; z-index: 15;\">Instruments with no stated maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 506px; z-index: 15;\">Current accounts, saving accoun<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 506px; z-index: 15;\">Nominal value.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 494px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 494px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 494px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e09 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 482px; z-index: 15;\">Instruments without optional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e0a ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 470px; z-index: 15;\">features</div>\n<div class=\"t m0 x1a0 h52 y1e0b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e09 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 482px; z-index: 15;\">Straight loans, deposits et<span class=\"_ _0\"></span>c.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e09 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 482px; z-index: 15;\">Discounted cash flow methodology;</div>\n<div class=\"t m0 x0 h52 y1e0a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 470px; z-index: 15;\">discounting yield curve is<span class=\"_ _0\"></span> the swap</div>\n<div class=\"t m0 x0 h52 y1e0c ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 458px; z-index: 15;\">curve plus spread (assets) or the swap</div>\n<div class=\"t m0 x0 h52 y1e0d ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 446px; z-index: 15;\">curve minus spread (liabilities); sp<span class=\"_ _0\"></span>read</div>\n<div class=\"t m0 x0 h52 y1e0e ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 434px; z-index: 15;\">is based on commercial m<span class=\"_ _0\"></span>argin</div>\n<div class=\"t m0 x0 h52 y1e0f ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 422px; z-index: 15;\">computed</div>\n<div class=\"t m0 x118 h52 y1e10 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse4 wsf3\">based on the average of new<span class=\"_ _2b\"></span> </span></div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 410px; z-index: 15;\">production during last three<span class=\"_ _0\"></span> months.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 398px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 398px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 398px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e13 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 385px; z-index: 15;\">Instruments with optional <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e14 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 373px; z-index: 15;\">features</div>\n<div class=\"t m0 x1a0 h52 y1e15 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e13 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 385px; z-index: 15;\">Mortgage loans and ot<span class=\"_ _0\"></span>her instruments</div>\n<div class=\"t m0 x0 h52 y1e14 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 480px; bottom: 373px; z-index: 15;\">with option features</div>\n<div class=\"t m0 xdf h52 y1e15 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e13 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 385px; z-index: 15;\">Product is split and lin<span class=\"_ _0\"></span>ear (non<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">optional) </span></div>\n<div class=\"t m0 x0 h52 y1e14 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 373px; z-index: 15;\">component is valued u<span class=\"_ _0\"></span>sing a discounted</div>\n<div class=\"t m0 x0 h52 y1e16 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 361px; z-index: 15;\">cash flow</div>\n<div class=\"t m0 x58 h52 y1e17 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse4 wsf3\">methodology and option </span></div>\n<div class=\"t m0 x0 h52 y1e18 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 349px; z-index: 15;\">component valued based on<span class=\"_ _0\"></span> option</div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 337px; z-index: 15;\">pricing model.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y638 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y638 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y638 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e1a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 320px; bottom: 313px; z-index: 15;\">Subordinated bonds or re<span class=\"_ _0\"></span>ceivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e1a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 313px; z-index: 15;\">Subordinated assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e1a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 313px; z-index: 15;\">Valuation is based on <span class=\"_ _2b\"></span>br<span class=\"_ _2\"></span>oker quo<span class=\"_ _0\"></span>tes in</div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 301px; z-index: 15;\">an in<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">active market (level 3).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x0 h52 y605 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 289px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y605 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 289px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y605 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 289px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e1c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 320px; bottom: 277px; z-index: 15;\">Private equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e1c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 277px; z-index: 15;\">Private equity and <span class=\"wsf4\">non<span class=\"ls0 ws0\">-</span>quoted </span></div>\n<div class=\"t m0 x0 h52 y1e1d ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 265px; z-index: 15;\">participations investments</div>\n<div class=\"t m0 x1e2 h52 y1e1e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e1c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 277px; z-index: 15;\">In general based on <span class=\"_ _0\"></span>the European</div>\n<div class=\"t m0 x0 h52 y1e1d ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 265px; z-index: 15;\">Venture Capital Association's valuation</div>\n<div class=\"t m0 x0 h52 y1e1f ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 253px; z-index: 15;\">guidelines, using enterprise</div>\n<div class=\"t m0 x0 h52 y1e20 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 241px; z-index: 15;\">value/EBITDA, price/cash flow and</div>\n<div class=\"t m0 x0 h52 y5f2 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 229px; z-index: 15;\">price/earnings etc.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 217px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 217px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 217px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e23 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 205px; z-index: 15;\">Preference shares (non<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">quoted)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x0 h52 y1e23 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 480px; bottom: 205px; z-index: 15;\">Preference shares <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e23 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 205px; z-index: 15;\">If the share is cha<span class=\"_ _0\"></span>racterised as a debt</div>\n<div class=\"t m0 x0 h52 y1e24 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 193px; z-index: 15;\">instrument, a discounted cash<span class=\"_ _0\"></span> flow</div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 181px; z-index: 15;\">model is used.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 170px; height: 791px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff369 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas pursue<span class=\"_ _2\"></span>s a policy aimed <span class=\"_ _2\"></span>at quantifying and<span class=\"_ _2\"></span> monitoring pricing<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y803 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">uncertainties<span class=\"_ _2\"></span> related to the calcula<span class=\"lse0 wsfa\">tion of fai<span class=\"_ _0\"></span>r values <span class=\"_ _0\"></span>using val<span class=\"_ _2b\"></span>uation </span></div>\n<div class=\"t m0 x7 h4f y804 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">techniques and in<span class=\"_ _2\"></span>ternal models. Related un<span class=\"_ _2\"></span>certainties are a feature of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y805 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the \u2018model ris<span class=\"_ _2\"></span>k\u2019 concept.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y807 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Model risk ari<span class=\"_ _2\"></span>ses when the product pricing requi<span class=\"_ _2\"></span>res valuation technique<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x7 h4f y808 ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which are not<span class=\"_ _0\"></span> yet stan<span class=\"_ _0\"></span>dardis<span class=\"_ _0\"></span>ed or for whic<span class=\"_ _0\"></span>h input<span class=\"ls0 ws0\"> </span>data can<span class=\"_ _2b\"></span>not be directly</div>\n<div class=\"t m0 x7 h4f y809 ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">observe<span class=\"_ _2b\"></span>d in the market<span class=\"_ _0\"></span>, leadi<span class=\"_ _0\"></span>ng to ass<span class=\"_ _0\"></span>umptions<span class=\"_ _0\"></span> about t<span class=\"_ _2b\"></span>he input data</div>\n<div class=\"t m0 x7 h4f y80a ff369 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">themselves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>roductio<span class=\"_ _2b\"></span>n of new, sophis<span class=\"_ _0\"></span>ticate<span class=\"_ _0\"></span>d prod<span class=\"_ _0\"></span>ucts in th<span class=\"_ _2b\"></span>e market has</div>\n<div class=\"t m0 x7 h4f y80d ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in the devel<span class=\"_ _2b\"></span>opment of mathemat<span class=\"_ _2b\"></span>ical models to pric<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>m.</div>\n<div class=\"t m0 x7 h4f y80e ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These m<span class=\"_ _0\"></span>odels i<span class=\"_ _0\"></span>n tu<span class=\"lse2\">rn depend on<span class=\"_ _2\"></span> assumptions regard<span class=\"_ _2\"></span>ing the stochastic<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y80f ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">behavio<span class=\"_ _0\"></span>ur of under<span class=\"_ _0\"></span>lying var<span class=\"_ _0\"></span>iables, nu<span class=\"_ _2b\"></span>merical algorit<span class=\"_ _2b\"></span>hms and other</div>\n<div class=\"t m0 x1a h4f y1e27 ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">possibl<span class=\"_ _0\"></span>e approx<span class=\"_ _2b\"></span>imations need<span class=\"_ _0\"></span>ed to rep<span class=\"_ _0\"></span>licate t<span class=\"_ _2b\"></span>he complexit<span class=\"_ _0\"></span>y of the</div>\n<div class=\"t m0 x1a h4f y1e28 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1e29 ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1e2a ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Furthermore, t<span class=\"_ _2\"></span>he underlying hypotheses of a mod<span class=\"_ _2\"></span>el <span class=\"lse0 wsf0\">dep<span class=\"_ _0\"></span>end on the </span></div>\n<div class=\"t m0 x1a h4f y1e2b ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">general<span class=\"_ _0\"></span> market c<span class=\"_ _2b\"></span>onditions (e.<span class=\"_ _0\"></span>g. spec<span class=\"_ _0\"></span>ific int<span class=\"_ _2b\"></span>erest rates, v<span class=\"_ _0\"></span>olatilit<span class=\"_ _0\"></span>ies)</div>\n<div class=\"t m0 x1a h4f y1e2c ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">prevail<span class=\"_ _0\"></span>ing at t<span class=\"_ _0\"></span>he time t<span class=\"_ _0\"></span>he mod<span class=\"_ _0\"></span>el is devel<span class=\"_ _0\"></span>oped. T<span class=\"_ _2b\"></span>here is no guara<span class=\"_ _2b\"></span>ntee that</div>\n<div class=\"t m0 x1a h4f y1e2d ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the model will<span class=\"_ _2\"></span> continue to yield adequate re<span class=\"_ _2\"></span>sults should market</div>\n<div class=\"t m0 x1a h4f y1e2e ff369 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">conditions <span class=\"_ _2\"></span>change drastically<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1e2f ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1e30 ff369 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Any related<span class=\"_ _2\"></span> model uncertaint<span class=\"_ _2\"></span>y is quantified as<span class=\"_ _2\"></span> accurately as p<span class=\"_ _2\"></span>ossible</div>\n<div class=\"t m0 x1a h4f y1e31 ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and is t<span class=\"_ _0\"></span>he basis f<span class=\"_ _2b\"></span>or adjusting t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue calculate<span class=\"_ _2b\"></span>d by the valuat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y1e32 ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">techni<span class=\"_ _0\"></span>ques and int<span class=\"_ _2b\"></span>ernal models.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 881px; height: 225px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag512": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>in<span class=\"_ _2\"></span>ancial<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tments</div>\n<div class=\"t m0 x7 h63 y17d6 ff258 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">The composition of financial</div>\n<div class=\"t m0 x7 h63 y17d7 ff258 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">investments is as follow<span class=\"_ _0\"></span>s.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x348 h52 y1550 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 570px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 y1550 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 612px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y1550 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 729px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 801px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h54 y608 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h54 y608 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 786px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Held to maturity</span> </div>\n<div class=\"t m0 x66 h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 667px; bottom: 786px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 786px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 771px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws15f\">Available for sale</span> </div>\n<div class=\"t m0 x5d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 660px; bottom: 771px; z-index: 15;\">41,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 777px; bottom: 771px; z-index: 15;\">55,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 756px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Held at fair value through profit or <span class=\"lsef ws10a\">loss</span></span> </div>\n<div class=\"t m0 x1d h52 y60e ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 673px; bottom: 756px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y60e ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 790px; bottom: 756px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 741px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Derivatives held for trading</span> </div>\n<div class=\"t m0 x1d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 673px; bottom: 741px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 801px; bottom: 741px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h54 y5f7 ff25a fs3c fc10 sc0 lsee ws15e\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Total, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 727px; z-index: 15;\">47,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 727px; z-index: 15;\">60,279<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Impairm<span class=\"_ _2\"></span>ents:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y5fc ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y5fc ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 697px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">of investments available for sale</span> </div>\n<div class=\"t m0 x66 h52 y601 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 667px; bottom: 697px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 697px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff25a fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 682px; z-index: 15;\">Total im<span class=\"_ _2b\"></span>pairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h54 y5fc ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 667px; bottom: 682px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h54 y5fc ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 682px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y180c ff25a fs3c fc10 sc0 lsec wsfe\" style=\"left: 324px; bottom: 652px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y180c ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 652px; z-index: 15;\">46,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y180c ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 652px; z-index: 15;\">59,952<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y17eb ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y17ec ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y17ed ff256 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Availab<span class=\"_ _0\"></span>le for s<span class=\"_ _0\"></span>ale fina<span class=\"_ _0\"></span>ncial in<span class=\"_ _0\"></span>vestme<span class=\"_ _2b\"></span>nts of EUR <span class=\"lse2 ws103\">2,424 million from Ageas Fra<span class=\"_ _2\"></span>nce were reclassified to </span></div>\n<div class=\"t m0 x26 h4f y17ee ff256 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">the line \u2018<span class=\"_ _2\"></span><span class=\"ls0 ws0\">A<span class=\"lse0 wsf0\">ssets he<span class=\"_ _0\"></span>ld for sale<span class=\"_ _0\"></span>\u2019 as per 31 Decem<span class=\"_ _2b\"></span>ber 2022<span class=\"ls0 ws0\">. </span></span></span></div>\n\n<div class=\"t m0 x26 h6a y17ef ff25b fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x26 h6a y17f0 ff25b fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Investments held <span class=\"_ _2\"></span>to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 575px; bottom: 495px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 480px; z-index: 15;\">bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 649px; bottom: 495px; z-index: 15;\">Corporate debt<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 480px; z-index: 15;\">securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 480px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff256 fs3c fc10 sc0 lse7 ws109\" style=\"left: 774px; bottom: 480px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 450px; z-index: 15;\">Investments held to <span class=\"_ _0\"></span>maturity at 1 January<span class=\"_ _0\"></span> 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 450px; z-index: 15;\">4,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5f2 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 450px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 450px; z-index: 15;\">4,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 435px; z-index: 15;\">Maturities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 608px; bottom: 435px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 778px; bottom: 435px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 420px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 420px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 420px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 420px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 405px; z-index: 15;\">Investments held to maturity at 31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 405px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 ydd0 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 405px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 405px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf6\" style=\"left: 324px; bottom: 390px; z-index: 15;\">Acquisitions/divestment of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 609px; bottom: 390px; z-index: 15;\">789<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 694px; bottom: 390px; z-index: 15;\">341<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 772px; bottom: 390px; z-index: 15;\">1,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 375px; z-index: 15;\">Maturities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 375px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 375px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 361px; z-index: 15;\">Acquisitions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 614px; bottom: 361px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 705px; bottom: 361px; z-index: 15;\">8</div>\n<div class=\"t m0 x2f h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 361px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 346px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 346px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 346px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 346px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf3\" style=\"left: 324px; bottom: 331px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 608px; bottom: 331px; z-index: 15;\">(81)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 693px; bottom: 331px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 774px; bottom: 331px; z-index: 15;\">(116)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff25a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 316px; z-index: 15;\">Investments held to maturity at 31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 316px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 316px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 316px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 286px; z-index: 15;\">Fair value at 31 Dece<span class=\"_ _0\"></span>mber 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 286px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y601 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 286px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 286px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 271px; z-index: 15;\">Fair value at 31 Dece<span class=\"_ _0\"></span>mber 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 271px; z-index: 15;\">5,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 271px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 271px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1801 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1802 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1803 ff256 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value of<span class=\"_ _0\"></span> <span class=\"wsf0\">govern<span class=\"_ _0\"></span>ment bonds<span class=\"_ _0\"></span> classif<span class=\"_ _2b\"></span>ied as investment<span class=\"_ _0\"></span>s held to mat<span class=\"_ _2b\"></span>urity is based on quote<span class=\"_ _2b\"></span>d </span></div>\n<div class=\"t m0 x26 h4f y1804 ff256 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">prices in act<span class=\"_ _2b\"></span>ive markets (lev<span class=\"_ _0\"></span>el 1)<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 198px; height: 353px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 198px; height: 763px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 198px; height: 763px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y1030 ff260 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the fo<span class=\"_ _2b\"></span>llowing table t<span class=\"_ _2b\"></span>he government<span class=\"_ _0\"></span> bonds c<span class=\"_ _0\"></span>lassifi<span class=\"_ _2b\"></span>ed as held to m<span class=\"_ _0\"></span>aturity <span class=\"_ _2b\"></span>as at 31<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">December a<span class=\"_ _0\"></span>re <span class=\"lse2 wsfa\">detailed b<span class=\"_ _2\"></span>y country of origin<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1810 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1066px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff260 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 527px; bottom: 1066px; z-index: 15;\">Historical/amortised cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y603 ff260 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 756px; bottom: 1066px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1036px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1036px; z-index: 15;\">4,296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1036px; z-index: 15;\">4,776<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1021px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1021px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1021px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1006px; z-index: 15;\">Indian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1006px; z-index: 15;\">763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1006px; z-index: 15;\">768<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff263 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 991px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 991px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 991px; z-index: 15;\">5,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 946px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 915px; z-index: 15;\">4,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 915px; z-index: 15;\">6,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 900px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 900px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 886px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 886px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y181e ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y181f ff264 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.2</span> </div>\n<div class=\"t m0 x7 h6a y1820 ff264 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Investment<span class=\"_ _0\"></span>s available for sale <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 746px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 776px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 761px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 746px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 746px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 746px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 776px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 761px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f7 ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 761px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 746px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 761px; z-index: 15;\">  </div>\n<div class=\"t m0 x196 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 746px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 761px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 746px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 715px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 715px; z-index: 15;\">596<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 715px; z-index: 15;\">(2,390)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 701px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 701px; z-index: 15;\">16,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 701px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 701px; z-index: 15;\">(1,537)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 701px; z-index: 15;\">14,725<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 701px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 701px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 686px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 686px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 686px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 671px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 671px; z-index: 15;\">40,062<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 671px; z-index: 15;\">650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 671px; z-index: 15;\">(3,927)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 671px; z-index: 15;\">36,785<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 671px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 671px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 641px; z-index: 15;\">366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 641px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 641px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 626px; z-index: 15;\">3,448<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 626px; z-index: 15;\">671<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 626px; z-index: 15;\">(102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 626px; z-index: 15;\">4,017<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 626px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 626px; z-index: 15;\">3,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x67 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y60e ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 597px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 582px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s</span></span> </div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 582px; z-index: 15;\">3,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 582px; z-index: 15;\">714<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 582px; z-index: 15;\">(105)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 582px; z-index: 15;\">4,424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 582px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 582px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 552px; z-index: 15;\">43,877<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 552px; z-index: 15;\">1,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 552px; z-index: 15;\">(4,032)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 552px; z-index: 15;\">41,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 552px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 477px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 507px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 492px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 477px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 477px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 477px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 492px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 492px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 477px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 477px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 492px; z-index: 15;\">  </div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 492px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 477px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 447px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 447px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 447px; z-index: 15;\">5,241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 447px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 432px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 432px; z-index: 15;\">17,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 432px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 432px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 432px; z-index: 15;\">18,415<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 432px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 432px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 417px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 417px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 417px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 417px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 417px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 417px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 402px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt <span class=\"wsf4\">securities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 402px; z-index: 15;\">43,323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 402px; z-index: 15;\">6,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 402px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 402px; z-index: 15;\">49,607<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 402px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 402px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 372px; z-index: 15;\">173<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 372px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 372px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 372px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 357px; z-index: 15;\">4,551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 357px; z-index: 15;\">1,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 357px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 357px; z-index: 15;\">5,781<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 357px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 357px; z-index: 15;\">5,475<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 343px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x67 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 328px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 313px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other investments</span> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 313px; z-index: 15;\">4,726<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 313px; z-index: 15;\">1,278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 313px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 313px; z-index: 15;\">5,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 313px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 313px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 283px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 283px; z-index: 15;\">48,049<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 283px; z-index: 15;\">7,630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 283px; z-index: 15;\">(97)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 283px; z-index: 15;\">55,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 283px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 283px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1842 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1843 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1844 ff260 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> EUR<span class=\"ls0 ws0\"> </span><span class=\"wsef\">1,979<span class=\"ls0 ws0\"> </span></span>mi<span class=\"_ _0\"></span>llion of th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents avail<span class=\"_ _2b\"></span>able for sale has been pl<span class=\"_ _2b\"></span>edged as collate<span class=\"_ _0\"></span>ral (<span class=\"lse2 wsf1\">2021<span class=\"ws103\">: EUR<span class=\"ls0 ws0\"> </span></span>2,032<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">million).</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 225px; height: 20px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 225px; height: 607px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 225px; height: 881px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 225px; height: 881px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 225px; height: 881px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments availa<span class=\"_ _0\"></span>ble for sa<span class=\"_ _2b\"></span>le is based on:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsf0\">Level 1: quoted pri<span class=\"_ _0\"></span>ces in activ<span class=\"_ _0\"></span>e markets;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsfa\">Level 2: observ<span class=\"_ _2b\"></span>able market dat<span class=\"_ _2b\"></span>a in active mar<span class=\"_ _0\"></span>kets;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse2 wsf1\">L<span class=\"_ _2\"></span>evel</span><span class=\"ff266\"> <span class=\"lse2 ws103\">3: non</span>-<span class=\"lse0 wsf0\">observable in<span class=\"_ _2b\"></span>puts (counterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _0\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x14d h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 1018px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 1018px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 1018px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 1018px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 987px; z-index: 15;\">21,723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 987px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y608 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 987px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 972px; z-index: 15;\">12,520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,565<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 972px; z-index: 15;\">626<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 972px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Equity <span class=\"wsf3\">securities, private equities and o<span class=\"_ _0\"></span>ther investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 943px; z-index: 15;\">2,621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 943px; z-index: 15;\">934<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 943px; z-index: 15;\">658<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 928px; z-index: 15;\">36,864<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">2,836<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 928px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 928px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y184e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y184f ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 881px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 881px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 881px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 881px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 850px; z-index: 15;\">30,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 850px; z-index: 15;\">551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 850px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 850px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Corporate debt <span class=\"lsef ws10a\">securitie<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 835px; z-index: 15;\">16,002<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 835px; z-index: 15;\">1,953<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 835px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 835px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Equity securities, private equi<span class=\"_ _0\"></span>ties and other investment<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 806px; z-index: 15;\">3,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 806px; z-index: 15;\">1,547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 806px; z-index: 15;\">936<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 806px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 791px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 791px; z-index: 15;\">49,777<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 791px; z-index: 15;\">4,102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 791px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 791px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 780px; height: 247px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1857 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1858 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1859 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The chang<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>in l<span class=\"_ _0\"></span>evel 3 <span class=\"lse2 wsfa\">valuation are<span class=\"_ _2\"></span> as follows.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y185a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 713px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 713px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 713px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 683px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 683px; z-index: 15;\">1,312<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y601 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 668px; z-index: 15;\">(385)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 653px; z-index: 15;\">Acquisitions/divestment of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Maturity/redemption or repayment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 638px; z-index: 15;\">(61)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 638px; z-index: 15;\">(63)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 624px; z-index: 15;\">Acquired<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 624px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 624px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 609px; z-index: 15;\">Proceeds from sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 609px; z-index: 15;\">(129)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 609px; z-index: 15;\">(140)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 594px; z-index: 15;\">Realised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 594px; z-index: 15;\">2</div>\n<div class=\"t m0 xd2 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 594px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 579px; z-index: 15;\">Reversal of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 564px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 564px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e4 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 564px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Unrealised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 549px; z-index: 15;\">(110)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 549px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 535px; z-index: 15;\">Transfers between valuation categories<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 535px; z-index: 15;\">289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 505px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 505px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y186a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186b ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Level 3 v<span class=\"_ _2b\"></span>aluations for p<span class=\"_ _2b\"></span>rivate equities<span class=\"_ _0\"></span> and ve<span class=\"_ _0\"></span>nture ca<span class=\"_ _2b\"></span>pital use fair v<span class=\"_ _2b\"></span>alues</div>\n<div class=\"t m0 x7 h4f y186d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ed in the <span class=\"_ _0\"></span>audite<span class=\"_ _2b\"></span>d financial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s of the <span class=\"_ _0\"></span>relevant<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y186e ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pations.<span class=\"_ _0\"></span> Level 3 val<span class=\"_ _0\"></span>uations f<span class=\"_ _0\"></span>or equiti<span class=\"_ _0\"></span>es and asset<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsef\">back<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x7 h4f y186f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies use a dis<span class=\"_ _0\"></span>coun<span class=\"lse2 ws103\">ted cash flow methodology. Expec<span class=\"_ _2\"></span>ted cash </span></div>\n<div class=\"t m0 x7 h4f y1870 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows tak<span class=\"_ _0\"></span>e into accou<span class=\"_ _0\"></span>nt origin<span class=\"_ _2b\"></span>al underwritin<span class=\"_ _0\"></span>g criteri<span class=\"_ _0\"></span>a, borrow<span class=\"_ _0\"></span>er attrib<span class=\"_ _0\"></span>utes</div>\n<div class=\"t m0 x7 h4f y1871 ff266 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(such as age and<span class=\"_ _2\"></span> credit scores), loan<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">val<span class=\"_ _0\"></span>ue ratios, ex<span class=\"_ _2b\"></span>pected house </span></span></div>\n<div class=\"t m0 x7 h4f y1872 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">price mov<span class=\"_ _0\"></span>ements a<span class=\"_ _0\"></span>nd expect<span class=\"_ _0\"></span>ed prepaym<span class=\"_ _2b\"></span>ent rates etc. Exp<span class=\"_ _0\"></span>ected cash</div>\n<div class=\"t m0 x7 h4f y1873 ff266 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">flow<span class=\"lse0 wsf0\">s are discount<span class=\"_ _2b\"></span>ed at risk<span class=\"ls0 ws0\">-</span>adjusted rat<span class=\"_ _2b\"></span>es. Market parti<span class=\"_ _0\"></span>cipants oft<span class=\"_ _2b\"></span>en use </span></div>\n<div class=\"t m0 x7 h4f y1874 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">such dis<span class=\"_ _0\"></span>counted <span class=\"_ _2b\"></span>cash flow tec<span class=\"_ _0\"></span>hnique<span class=\"_ _0\"></span>s to pric<span class=\"_ _0\"></span>e privat<span class=\"_ _2b\"></span>e equities and</div>\n<div class=\"t m0 x7 h4f y1875 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e capital.<span class=\"_ _0\"></span> We re<span class=\"_ _0\"></span>ly also o<span class=\"_ _0\"></span>n these q<span class=\"_ _0\"></span>uotes t<span class=\"_ _0\"></span>o a certai<span class=\"_ _2b\"></span>n extent when</div>\n<div class=\"t m0 x1a h4f y1876 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuing t<span class=\"_ _2b\"></span>hese instrum<span class=\"_ _0\"></span>ents. Th<span class=\"_ _2b\"></span>ese techniques<span class=\"_ _0\"></span> are<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">subject to inherent </span></span></div>\n<div class=\"t m0 x1a h4f y1877 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limitati<span class=\"_ _2b\"></span>ons, such as estimat<span class=\"_ _0\"></span>ion of the a<span class=\"_ _0\"></span>ppropria<span class=\"_ _2b\"></span>te risk<span class=\"ls0 ws0\">-</span>adjusted dis<span class=\"_ _0\"></span>count</div>\n<div class=\"t m0 x1a h4f y1878 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate, and d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nt assumpt<span class=\"_ _2b\"></span>ions and inputs wou<span class=\"_ _0\"></span>ld yield dif<span class=\"_ _0\"></span>ferent res<span class=\"_ _2b\"></span>ults.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1879 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y187a ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leve<span class=\"_ _2b\"></span>l 3 positions ar<span class=\"_ _2b\"></span>e mainly sensit<span class=\"_ _0\"></span>ive to a c<span class=\"_ _2b\"></span>hange in the l<span class=\"_ _0\"></span>evel of</div>\n<div class=\"t m0 x1a h4f y187b ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d futur<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span>cash flow<span class=\"_ _0\"></span>s and, ac<span class=\"_ _0\"></span>cordi<span class=\"_ _0\"></span>ngly, th<span class=\"_ _0\"></span>eir fair v<span class=\"_ _2b\"></span>alues vary in</div>\n<div class=\"t m0 x1a h4f y187c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ion to c<span class=\"_ _0\"></span>hanges of <span class=\"_ _0\"></span>these c<span class=\"_ _2b\"></span>ash flows. The c<span class=\"_ _2b\"></span>hanges in val<span class=\"_ _0\"></span>ue of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y187d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">level 3 i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents ar<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>nted for<span class=\"_ _0\"></span> in othe<span class=\"_ _0\"></span>r compr<span class=\"_ _0\"></span>ehensive <span class=\"_ _2b\"></span>income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y187e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Q<span class=\"lse0 wsf0\">uantitativ<span class=\"_ _2b\"></span>e unobservable i<span class=\"_ _0\"></span>nputs use<span class=\"_ _0\"></span>d when measu<span class=\"_ _2b\"></span>ring fair value are </span></div>\n<div class=\"t m0 x1a h4f y187f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not devel<span class=\"_ _0\"></span>oped by the ent<span class=\"_ _0\"></span>ity<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 305px; height: 801px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 305px; height: 801px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 305px; height: 801px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 305px; height: 801px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff26c fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Govern<span class=\"_ _0\"></span>ment bonds<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>deta<span class=\"_ _0\"></span>iled by cou<span class=\"_ _0\"></span>ntry of ori<span class=\"_ _0\"></span>gin <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff26c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 1065px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 1050px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 1035px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 1065px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 640px; bottom: 1050px; z-index: 15;\">u<span class=\"lse4 wsf4\">nrealised</span> </div>\n<div class=\"t m0 x160 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 1035px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 1050px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1035px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 1005px; z-index: 15;\">10,324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1005px; z-index: 15;\">(1,241)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1005px; z-index: 15;\">9,083<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 990px; z-index: 15;\">3,856<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 990px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">3,855<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Spanish national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 975px; z-index: 15;\">2,287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 661px; bottom: 975px; z-index: 15;\">(338)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">1,949<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 960px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 960px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">1,543<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 945px; z-index: 15;\">1,581<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 945px; z-index: 15;\">(53)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 931px; z-index: 15;\">1,029<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 931px; z-index: 15;\">2</div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 931px; z-index: 15;\">1,031<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 916px; z-index: 15;\">859<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 916px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">920<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 901px; z-index: 15;\">468<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 901px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 886px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 886px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 886px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Polish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 871px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 871px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 871px; z-index: 15;\">232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 856px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 856px; z-index: 15;\">234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 856px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 856px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 842px; z-index: 15;\">158<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 842px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 842px; z-index: 15;\">122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Luxembourg national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 827px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 827px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 827px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 812px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 812px; z-index: 15;\">2</div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 812px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Malta national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 797px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 797px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 797px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 782px; z-index: 15;\">636<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 782px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 782px; z-index: 15;\">601<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 767px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 767px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 767px; z-index: 15;\">(1,794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 767px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 722px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 707px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 692px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 722px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f9 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 640px; bottom: 707px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 692px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 722px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y5f9 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 707px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 692px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 662px; z-index: 15;\">10,891<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 662px; z-index: 15;\">2,203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 662px; z-index: 15;\">13,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 647px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 647px; z-index: 15;\">4,689<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 647px; z-index: 15;\">1,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 647px; z-index: 15;\">5,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 632px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 632px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 632px; z-index: 15;\">357<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 632px; z-index: 15;\">2,481<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 617px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 617px; z-index: 15;\">1,722<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 617px; z-index: 15;\">402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 617px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 602px; z-index: 15;\">Spanish <span class=\"wsf3\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 602px; z-index: 15;\">2,107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 602px; z-index: 15;\">287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 602px; z-index: 15;\">2,394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 588px; z-index: 15;\">1,159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 588px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 588px; z-index: 15;\">1,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 573px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 573px; z-index: 15;\">830<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 573px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 573px; z-index: 15;\">1,065<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 558px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 558px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 558px; z-index: 15;\">521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 543px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 543px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 543px; z-index: 15;\">365<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 528px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 528px; z-index: 15;\">222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 528px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 528px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Polish <span class=\"wsf6\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 513px; z-index: 15;\">274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 513px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 513px; z-index: 15;\">309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 498px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 498px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">244<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Czech Republic national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 469px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 469px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 469px; z-index: 15;\">105<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">US national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 561px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x28a h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 439px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 439px; z-index: 15;\">838<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 439px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 439px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 424px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 424px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 424px; z-index: 15;\">5,196<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 424px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 413px; height: 693px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 413px; height: 693px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 413px; height: 693px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 413px; height: 693px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff271 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">table below sh<span class=\"_ _0\"></span>ows net unr<span class=\"_ _0\"></span>ealised<span class=\"_ _0\"></span> gains and los<span class=\"_ _0\"></span>ses on inv<span class=\"_ _0\"></span>estments av<span class=\"_ _2b\"></span>ailable for sale in<span class=\"_ _0\"></span>cluded in e<span class=\"_ _0\"></span>quity<span class=\"lsf4 ws10c\">. </span>Equit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>sec<span class=\"_ _0\"></span>urities a<span class=\"_ _2b\"></span>nd other investment<span class=\"_ _2b\"></span>s also </span></div>\n<div class=\"t m0 x7 h4f y803 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include p<span class=\"_ _0\"></span>rivate eq<span class=\"_ _0\"></span>uities a<span class=\"_ _0\"></span>nd venture c<span class=\"_ _0\"></span>apital.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">Available for sale <span class=\"_ _0\"></span><span class=\"lse4 wsf3\">investments in debt securi<span class=\"_ _0\"></span>ties:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1019px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 989px; z-index: 15;\">(3,277)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">6,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 974px; z-index: 15;\">752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 974px; z-index: 15;\">(1,586)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 959px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 959px; z-index: 15;\">(2,251)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 945px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 945px; z-index: 15;\">652<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 930px; z-index: 15;\">(2,422)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 930px; z-index: 15;\">3,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 884px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 884px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in equity securities and ot<span class=\"_ _0\"></span>her investments:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 854px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 854px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 824px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 824px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 809px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 809px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 809px; z-index: 15;\">(134)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 795px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 795px; z-index: 15;\">(99)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 795px; z-index: 15;\">(756)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 780px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 xd2 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 780px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 780px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 765px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 765px; z-index: 15;\">505<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 765px; z-index: 15;\">477<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18ad ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18ae ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18af ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The chan<span class=\"_ _2b\"></span>ges in impairm<span class=\"_ _0\"></span>ents of i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts ava<span class=\"_ _0\"></span>ilable f<span class=\"_ _2b\"></span>or sale are as fo<span class=\"_ _0\"></span>llows<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18b0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 686px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 686px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff273 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 656px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 656px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 656px; z-index: 15;\">(336)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 641px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y638 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 626px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 611px; z-index: 15;\">(117)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 611px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 596px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 581px; z-index: 15;\">Reversal on sale/disposal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 581px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 581px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 567px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 567px; z-index: 15;\">2</div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 567px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 552px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 541px; height: 565px; width: 84%; z-index: 7;\"><br/></div>\n\n\n<div class=\"t m0 x7 h6a y18b8 ff275 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.3</span> </div>\n<div class=\"t m0 x7 h6a y18b9 ff275 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Investm<span class=\"_ _0\"></span>ents held<span class=\"_ _0\"></span> at fair value throug<span class=\"_ _0\"></span>h profit<span class=\"_ _0\"></span> or loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 457px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 457px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 457px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 427px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 412px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 412px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 412px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 397px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 397px; z-index: 15;\">1</div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 397px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 382px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 382px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 353px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 353px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 353px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 338px; z-index: 15;\">Other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 338px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 338px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 323px; z-index: 15;\">Equity securities and other in<span class=\"_ _2b\"></span>v<span class=\"_ _2\"></span>estments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 323px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 323px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff273 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 308px; z-index: 15;\">Total <span class=\"_ _2b\"></span>investments<span class=\"_ _0\"></span> held<span class=\"_ _0\"></span> at fair<span class=\"_ _2b\"></span> value thr<span class=\"_ _0\"></span>ough <span class=\"_ _0\"></span>profit<span class=\"_ _0\"></span> or los<span class=\"_ _2b\"></span>s<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 308px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 308px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18bf ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c1 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments hel<span class=\"_ _2b\"></span>d at fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh profit o<span class=\"_ _2b\"></span>r loss include <span class=\"_ _0\"></span>primar<span class=\"_ _0\"></span>ily</div>\n<div class=\"t m0 x7 h4f y18c2 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents related t<span class=\"_ _0\"></span>o insura<span class=\"_ _0\"></span>nce liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s where c<span class=\"_ _2b\"></span>ash flows are l<span class=\"_ _0\"></span>inked</div>\n<div class=\"t m0 x7 h4f y18c3 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the p<span class=\"_ _0\"></span>erforma<span class=\"_ _0\"></span>nce of t<span class=\"_ _0\"></span>hese ass<span class=\"_ _0\"></span>ets, ei<span class=\"_ _0\"></span>ther co<span class=\"_ _0\"></span>ntractu<span class=\"_ _0\"></span>ally or o<span class=\"_ _0\"></span>n the bas<span class=\"_ _2b\"></span>is</div>\n<div class=\"t m0 x7 h4f y18c4 ff271 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of discret<span class=\"_ _2\"></span>ionary participation a<span class=\"_ _2\"></span>nd whose measuremen<span class=\"_ _2\"></span>t incorporates</div>\n<div class=\"t m0 x7 h4f y18c5 ff271 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">current informa<span class=\"_ _2\"></span>tion. This measurement signi<span class=\"_ _2\"></span>f<span class=\"lse0 wsf0\">ica<span class=\"_ _0\"></span>ntly reduc<span class=\"_ _2b\"></span>es an </span></div>\n<div class=\"t m0 x7 h4f y18c6 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mism<span class=\"_ _2b\"></span>atch that woul<span class=\"_ _2b\"></span>d otherwise ar<span class=\"_ _0\"></span>ise fro<span class=\"_ _0\"></span>m measur<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>ets</div>\n<div class=\"t m0 x7 h4f y18c7 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and liabi<span class=\"_ _0\"></span>lities an<span class=\"_ _0\"></span>d the relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>gain<span class=\"_ _0\"></span>s and losses<span class=\"_ _0\"></span> on differe<span class=\"_ _2b\"></span>nt bases.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18c8 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Other in<span class=\"_ _0\"></span>vestme<span class=\"_ _2b\"></span>nts held at fair<span class=\"_ _0\"></span> value th<span class=\"_ _2b\"></span>rough profit o<span class=\"_ _0\"></span>r loss rel<span class=\"_ _2b\"></span>ate to</div>\n<div class=\"t m0 x1a h4f y18c9 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents in the pro<span class=\"_ _2b\"></span>perty f<span class=\"lse2 wsf1\">und. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18ca ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The nomin<span class=\"_ _0\"></span>al value of t<span class=\"_ _0\"></span>he debt secu<span class=\"_ _0\"></span>rities hel<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>at fai<span class=\"_ _0\"></span>r value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it</div>\n<div class=\"t m0 x1a h4f y18cb ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or loss as at <span class=\"wsef\">31<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsfa\">2022 is EUR<span class=\"_ _2\"></span></span> <span class=\"lse2 wsfa\">139 million (<span class=\"_ _2\"></span>31</span> </span>Decem<span class=\"_ _2b\"></span>ber<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">202<span class=\"_ _2\"></span>1: </span></span></span></div>\n<div class=\"t m0 x1a h4f y18cc ff271 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">133<span class=\"_ _2\"></span></span> <span class=\"ls102 ws11d\">million).</span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 156px; height: 358px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 156px; height: 950px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 156px; height: 950px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 156px; height: 950px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments held at f<span class=\"_ _0\"></span>air valu<span class=\"_ _2b\"></span>e through <span class=\"wsf0\">prof<span class=\"_ _0\"></span>it or loss is ba<span class=\"_ _0\"></span>sed on:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 1</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsfa\">quote<span class=\"_ _0\"></span>d prices i<span class=\"_ _2b\"></span>n active market<span class=\"_ _2b\"></span>s;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 2</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et data in act<span class=\"_ _0\"></span>ive mark<span class=\"_ _0\"></span>ets;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 3</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse2 wsf1\">non</span>-<span class=\"lse0 wsf0\">observabl<span class=\"_ _0\"></span>e inputs (c<span class=\"_ _0\"></span>ounterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _2b\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y807 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation at year<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">end is<span class=\"_ _0\"></span> as follow<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 986px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 986px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 986px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 986px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y601 ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 986px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 956px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 941px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 926px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 911px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 896px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 896px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 896px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 896px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 896px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff27c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total Investments held at<span class=\"_ _0\"></span> fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 867px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 867px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 867px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 867px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 867px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18d7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18d8 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 820px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 820px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 820px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 820px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 820px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 789px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 774px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5fc ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 745px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 730px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 730px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 730px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 730px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 730px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27c fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Total Investments held at <span class=\"lsef ws102\">fair valu<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 460px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 633px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 720px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 700px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 700px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 700px; z-index: 15;\">206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 700px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 700px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 689px; height: 338px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 689px; height: 417px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 689px; height: 417px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y18de ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18df ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h6a y18e0 ff27d fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.4</span> </div>\n<div class=\"t m0 x7 h6a y18e1 ff27d fs46 fcf sc0 ls10c ws12f\" style=\"z-index: 15;\">Deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s held<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>trading<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18e2 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Derivat<span class=\"_ _0\"></span>ives hel<span class=\"_ _2b\"></span>d for trading <span class=\"_ _0\"></span><span class=\"lse2\">are based <span class=\"_ _2\"></span>on <span class=\"lse0 wsef\">level<span class=\"ls0 ws0\"> </span></span><span class=\"ws103\">2 valuation (observable<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y18e3 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market dat<span class=\"_ _2b\"></span>a in<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>act<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s)<span class=\"lsf4 ws114\">. S<span class=\"lse2 wsfa\">ee also note <span class=\"_ _2\"></span><span class=\"wsf1\">27<span class=\"ls0 ws0\"> </span><span class=\"ws103\">Derivatives for<span class=\"_ _2\"></span> further </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y18e4 ff277 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">details<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 533px; height: 89px; width: 346px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y18e5 ff27d fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">10.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y18e6 ff27d fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Securities lending<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18e7 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Under sec<span class=\"_ _0\"></span>urities l<span class=\"_ _0\"></span>ending ag<span class=\"_ _0\"></span>reement<span class=\"_ _0\"></span>s, we have aut<span class=\"_ _2b\"></span>horised third pa<span class=\"_ _0\"></span>rties</div>\n<div class=\"t m0 x7 h4f y18e8 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to use ce<span class=\"_ _0\"></span>rtain of<span class=\"_ _0\"></span> our sec<span class=\"_ _0\"></span>urities f<span class=\"_ _2b\"></span>or a limited p<span class=\"_ _0\"></span>eriod of<span class=\"_ _0\"></span> time, <span class=\"_ _0\"></span>after wh<span class=\"_ _0\"></span>ich</div>\n<div class=\"t m0 x7 h4f y18e9 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">they ret<span class=\"_ _0\"></span>urn the s<span class=\"_ _2b\"></span>ecurities to us<span class=\"_ _0\"></span>. Durin<span class=\"_ _0\"></span>g such ti<span class=\"_ _2b\"></span>me, w<span class=\"wsf0\">e continue to e<span class=\"_ _2b\"></span>arn </span></div>\n<div class=\"t m0 x7 h4f y18ea ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the rev<span class=\"_ _0\"></span>enues th<span class=\"_ _0\"></span>at these <span class=\"_ _2b\"></span>securities g<span class=\"_ _0\"></span>enerat<span class=\"_ _0\"></span>e. We also <span class=\"_ _2b\"></span>benefit from</div>\n<div class=\"t m0 x7 h4f y18eb ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">collate<span class=\"_ _0\"></span>ral under t<span class=\"_ _0\"></span>he form of ot<span class=\"_ _0\"></span>her secu<span class=\"_ _0\"></span>rities wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>a cove<span class=\"_ _2b\"></span>rage rate of at</div>\n<div class=\"t m0 x7 h4f y18ec ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">least 105%.<span class=\"_ _2\"></span> As at year<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">end,<span class=\"_ _0\"></span> such agree<span class=\"_ _0\"></span>ments cov<span class=\"_ _2b\"></span>ered an amount of </span></span></div>\n<div class=\"t m0 x7 h4f y18ed ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 691 mil<span class=\"_ _0\"></span>lion (EUR<span class=\"_ _0\"></span> 738 milli<span class=\"_ _0\"></span>on <span class=\"wsfa\">last ye<span class=\"_ _0\"></span>ar).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y18ee ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h6a y18e0 ff27d fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">10.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y18e1 ff27d fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Interests in unconsolidated<span class=\"_ _0\"></span> structured entities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18e2 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Insura<span class=\"_ _2b\"></span>nce, a subsidiary of<span class=\"_ _0\"></span> Ageas Gro<span class=\"_ _0\"></span>up, <span class=\"ls102 ws11d\">hold</span>s notes <span class=\"lsfb wsfa\">which </span></div>\n<div class=\"t m0 x1a h4f y18e3 ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">represent<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"ws103\">an interest (through<span class=\"_ _2\"></span> the rece<span class=\"lse0 wsf0\">ipt of pri<span class=\"_ _2b\"></span>ncipal and interes<span class=\"_ _0\"></span>t) in<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18e4 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">struct<span class=\"_ _0\"></span>ured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">that <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">it does not </span></span></span></span>consolidat<span class=\"_ _0\"></span>e. The struc<span class=\"_ _0\"></span>tured ent<span class=\"_ _2b\"></span>it<span class=\"ls102 ws11d\">ie<span class=\"_ _2\"></span>s </span></div>\n<div class=\"t m0 x1a h4f y18ef ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">invest<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">in mortgage receivab<span class=\"_ _2\"></span>les </span></span><span class=\"wsf0\">and leas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>eivabl<span class=\"_ _2b\"></span>es and generate<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18f0 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">funds th<span class=\"_ _0\"></span>rough t<span class=\"_ _2b\"></span>he issu<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf0\">of not<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">or units.</span> </span></span></div>\n<div class=\"t m0 x1a h4f y18f1 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f2 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">These structured<span class=\"_ _2\"></span> notes <span class=\"wsfa\">and units <span class=\"lse0 wsf0\">are recorded in \u2019Inv<span class=\"_ _2b\"></span>estments avail<span class=\"_ _0\"></span>able </span></span></div>\n<div class=\"t m0 x1a h4f y18f3 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for sale\u2019.<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Ne<span class=\"_ _2b\"></span>xt to the notes <span class=\"_ _0\"></span>and unit<span class=\"_ _0\"></span>s, AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e does no<span class=\"_ _0\"></span>t <span class=\"lse2\">hold any </span></span></div>\n<div class=\"t m0 x1a h4f y18f4 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other interest<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">in th<span class=\"_ _0\"></span>ese stru<span class=\"_ _0\"></span>ctured <span class=\"_ _0\"></span>entities<span class=\"_ _2b\"></span>. The <span class=\"wsf0\">maximum los<span class=\"_ _2b\"></span>s exposure<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y18f5 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance has is <span class=\"lse2 ws103\">limited to the carrying amoun<span class=\"_ _2\"></span>t of the notes<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">or uni<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18f6 ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">held.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18f7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f8 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e in the Fund of</div>\n<div class=\"t m0 x1a h4f y18f9 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">mortgage loan<span class=\"_ _2\"></span>s amounts to EU<span class=\"_ _2\"></span>R 319 million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR</div>\n<div class=\"t m0 x1a h4f y18fa ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">410 milli<span class=\"_ _0\"></span>on at 31 Decem<span class=\"_ _0\"></span>ber 2021<span class=\"_ _0\"></span>). The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interes<span class=\"_ _0\"></span>t held</div>\n<div class=\"t m0 x1a h4f y18fb ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">by AG Ins<span class=\"_ _2b\"></span>urance in Leas<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">backed rec<span class=\"_ _2b\"></span>eivables amount<span class=\"_ _0\"></span>s to EUR 28 </span></div>\n<div class=\"t m0 x1a h4f y18fc ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">35 millio<span class=\"_ _2b\"></span>n at <span class=\"_ _2\"></span>31 De<span class=\"_ _0\"></span>cember 2<span class=\"_ _0\"></span>021). </span></span></div>\n<div class=\"t m0 x1a h4f y18fd ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG Ins<span class=\"_ _2b\"></span>urance in Privat<span class=\"_ _0\"></span>e Equity</div>\n<div class=\"t m0 x1a h4f y18fe ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts to EUR 173<span class=\"_ _2\"></span> million at 31 December 2022 (EU<span class=\"_ _2\"></span>R 27<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">millio<span class=\"_ _0\"></span>n at 31 </span></span></div>\n<div class=\"t m0 x1a h4f y18ff ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">December <span class=\"lse0 wsef\">2021).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1900 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1901 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Fund of mo<span class=\"_ _0\"></span>rtgage lo<span class=\"_ _2b\"></span>ans is fully detaine<span class=\"_ _2b\"></span>d by AG Insurance, a<span class=\"_ _0\"></span>nd the</div>\n<div class=\"t m0 x1a h4f y1902 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">total ass<span class=\"_ _0\"></span>ets of the Le<span class=\"_ _0\"></span>ase<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">backed receivabl<span class=\"_ _2\"></span>es amounts to E<span class=\"_ _2\"></span>UR 196 </span></span></div>\n<div class=\"t m0 x1a h4f y1903 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>(EUR 339 million <span class=\"_ _2\"></span>at 31 December <span class=\"_ _2\"></span>2021)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 202px; height: 415px; width: 353px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 202px; height: 420px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 201px; height: 905px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 201px; height: 905px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>a<span class=\"_ _2\"></span>ir v<span class=\"_ _2b\"></span>a<span class=\"_ _2\"></span>lue of finan<span class=\"_ _2\"></span>cial a<span class=\"_ _2\"></span>sse<span class=\"_ _2b\"></span>ts</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">and fin<span class=\"_ _2\"></span>ancia<span class=\"_ _2\"></span>l liabilities</div>\n<div class=\"t m0 x7 h63 y17d6 ff364 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">The <span class=\"ws10f\">following table s<span class=\"_ _2\"></span>hows the fair </span></div>\n<div class=\"t m0 x7 h63 y17d7 ff364 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">value<span class=\"ls0 ws0\"> <span class=\"lsf6\">of financial assets and </span></span></div>\n<div class=\"t m0 x7 h63 y17d8 ff364 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">liabilities <span class=\"lsf8 ws10f\">measured at<span class=\"ls0 ws0\"> </span><span class=\"ws112\">amortised </span></span></div>\n<div class=\"t m0 x7 h63 y17d9 ff364 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">cost.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y1550 ff362 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 595px; bottom: 816px; z-index: 15;\">31 December <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 629px; bottom: 802px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y1550 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y1550 ff362 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 741px; bottom: 816px; z-index: 15;\">31 December <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 802px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5f2 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 483px; bottom: 787px; z-index: 15;\">Level<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x261 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 787px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 609px; bottom: 787px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x261 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 664px; bottom: 787px; z-index: 15;\">Carrying value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 ydd0 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 755px; bottom: 787px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff362 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5f9 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 648px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff366 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5f9 ff366 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Cash and cash <span class=\"wsf4\">equival<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x143 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 756px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 756px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 756px; z-index: 15;\">1,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 756px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y60e ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 756px; z-index: 15;\">1,937<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Financial Investments held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f9 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 741px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 741px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 741px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 741px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5f7 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 727px; z-index: 15;\">2</div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 549px; bottom: 727px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 727px; z-index: 15;\">13,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 727px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 727px; z-index: 15;\">15,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Reinsurance and other recei<span class=\"_ _0\"></span>vables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5fc ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 712px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 712px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 712px; z-index: 15;\">1,991<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 712px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5fc ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 712px; z-index: 15;\">2,146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff365 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 697px; z-index: 15;\">Total f<span class=\"_ _0\"></span>inancia<span class=\"_ _2b\"></span>l assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y601 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 549px; bottom: 697px; z-index: 15;\">24,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 697px; z-index: 15;\">22,755<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 697px; z-index: 15;\">22,929<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h54 y601 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 697px; z-index: 15;\">26,032<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x142 h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5fc ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 648px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5fc ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y5fc ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff362 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 667px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y601 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 576px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y601 ff362 fs3c fc10 sc0 ls0 ws0\" style=\"left: 648px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y601 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 721px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h54 y601 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 652px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y180c ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 652px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 652px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 652px; z-index: 15;\">2,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 652px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y180c ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 652px; z-index: 15;\">2,757<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 637px; z-index: 15;\">Borrowings, excluding lease<span class=\"_ _0\"></span> liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y608 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 490px; bottom: 637px; z-index: 15;\">2</div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 637px; z-index: 15;\">3,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 637px; z-index: 15;\">3,177<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 637px; z-index: 15;\">3,056<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y608 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 637px; z-index: 15;\">3,056<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff365 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 623px; z-index: 15;\">Total f<span class=\"_ _0\"></span>inancia<span class=\"_ _2b\"></span>l liabilitie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h54 y603 ff365 fs3c fc10 sc0 ls0 ws0\" style=\"left: 493px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 623px; z-index: 15;\">5,699<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 623px; z-index: 15;\">5,359<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 623px; z-index: 15;\">5,804<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h54 y603 ff365 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 623px; z-index: 15;\">5,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1c16 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1c17 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1e01 ff362 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The fair value (FV<span class=\"_ _2\"></span>) calculation of financial<span class=\"_ _2\"></span> instruments not actively tr<span class=\"_ _2\"></span>aded on financial marke<span class=\"_ _2\"></span>ts can</div>\n<div class=\"t m0 x26 h4f y1e02 ff362 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">be summari<span class=\"_ _2b\"></span>sed as follows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1e03 ff362 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 531px; z-index: 15;\">Instrument Type<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 480px; bottom: 531px; z-index: 15;\">Ageas Products<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 531px; z-index: 15;\">Fair Value Calculation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y70b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y70b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y70b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 506px; z-index: 15;\">Instruments with no stated maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 506px; z-index: 15;\">Current accounts, saving accoun<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 506px; z-index: 15;\">Nominal value.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 494px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 494px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 494px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e09 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 482px; z-index: 15;\">Instruments without optional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e0a ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 470px; z-index: 15;\">features</div>\n<div class=\"t m0 x1a0 h52 y1e0b ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e09 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 482px; z-index: 15;\">Straight loans, deposits et<span class=\"_ _0\"></span>c.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e09 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 482px; z-index: 15;\">Discounted cash flow methodology;</div>\n<div class=\"t m0 x0 h52 y1e0a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 470px; z-index: 15;\">discounting yield curve is<span class=\"_ _0\"></span> the swap</div>\n<div class=\"t m0 x0 h52 y1e0c ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 458px; z-index: 15;\">curve plus spread (assets) or the swap</div>\n<div class=\"t m0 x0 h52 y1e0d ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 446px; z-index: 15;\">curve minus spread (liabilities); sp<span class=\"_ _0\"></span>read</div>\n<div class=\"t m0 x0 h52 y1e0e ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 434px; z-index: 15;\">is based on commercial m<span class=\"_ _0\"></span>argin</div>\n<div class=\"t m0 x0 h52 y1e0f ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 422px; z-index: 15;\">computed</div>\n<div class=\"t m0 x118 h52 y1e10 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse4 wsf3\">based on the average of new<span class=\"_ _2b\"></span> </span></div>\n<div class=\"t m0 x0 h52 y5f7 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 410px; z-index: 15;\">production during last three<span class=\"_ _0\"></span> months.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 398px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 398px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 398px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e13 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 385px; z-index: 15;\">Instruments with optional <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e14 ff362 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 373px; z-index: 15;\">features</div>\n<div class=\"t m0 x1a0 h52 y1e15 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e13 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 385px; z-index: 15;\">Mortgage loans and ot<span class=\"_ _0\"></span>her instruments</div>\n<div class=\"t m0 x0 h52 y1e14 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 480px; bottom: 373px; z-index: 15;\">with option features</div>\n<div class=\"t m0 xdf h52 y1e15 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e13 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 385px; z-index: 15;\">Product is split and lin<span class=\"_ _0\"></span>ear (non<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">optional) </span></div>\n<div class=\"t m0 x0 h52 y1e14 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 373px; z-index: 15;\">component is valued u<span class=\"_ _0\"></span>sing a discounted</div>\n<div class=\"t m0 x0 h52 y1e16 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 361px; z-index: 15;\">cash flow</div>\n<div class=\"t m0 x58 h52 y1e17 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> <span class=\"lse4 wsf3\">methodology and option </span></div>\n<div class=\"t m0 x0 h52 y1e18 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 349px; z-index: 15;\">component valued based on<span class=\"_ _0\"></span> option</div>\n<div class=\"t m0 x0 h52 y603 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 337px; z-index: 15;\">pricing model.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y638 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y638 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y638 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 326px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e1a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 320px; bottom: 313px; z-index: 15;\">Subordinated bonds or re<span class=\"_ _0\"></span>ceivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e1a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 313px; z-index: 15;\">Subordinated assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e1a ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 313px; z-index: 15;\">Valuation is based on <span class=\"_ _2b\"></span>br<span class=\"_ _2\"></span>oker quo<span class=\"_ _0\"></span>tes in</div>\n<div class=\"t m0 x0 h52 y5ff ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 301px; z-index: 15;\">an in<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">active market (level 3).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x0 h52 y605 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 289px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y605 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 289px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y605 ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 289px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e1c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 320px; bottom: 277px; z-index: 15;\">Private equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e1c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 277px; z-index: 15;\">Private equity and <span class=\"wsf4\">non<span class=\"ls0 ws0\">-</span>quoted </span></div>\n<div class=\"t m0 x0 h52 y1e1d ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 480px; bottom: 265px; z-index: 15;\">participations investments</div>\n<div class=\"t m0 x1e2 h52 y1e1e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e1c ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 277px; z-index: 15;\">In general based on <span class=\"_ _0\"></span>the European</div>\n<div class=\"t m0 x0 h52 y1e1d ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 265px; z-index: 15;\">Venture Capital Association's valuation</div>\n<div class=\"t m0 x0 h52 y1e1f ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 253px; z-index: 15;\">guidelines, using enterprise</div>\n<div class=\"t m0 x0 h52 y1e20 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 241px; z-index: 15;\">value/EBITDA, price/cash flow and</div>\n<div class=\"t m0 x0 h52 y5f2 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 639px; bottom: 229px; z-index: 15;\">price/earnings etc.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 320px; bottom: 217px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 480px; bottom: 217px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y60e ff362 fs3c fc14 sc0 ls0 ws0\" style=\"left: 639px; bottom: 217px; z-index: 15;\"> </div>\n<div class=\"t m0 x0 h52 y1e23 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 320px; bottom: 205px; z-index: 15;\">Preference shares (non<span class=\"ls0 ws0\">-</span><span class=\"wsf4\">quoted)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x0 h52 y1e23 ff362 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 480px; bottom: 205px; z-index: 15;\">Preference shares <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x0 h52 y1e23 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 205px; z-index: 15;\">If the share is cha<span class=\"_ _0\"></span>racterised as a debt</div>\n<div class=\"t m0 x0 h52 y1e24 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 193px; z-index: 15;\">instrument, a discounted cash<span class=\"_ _0\"></span> flow</div>\n<div class=\"t m0 x0 h52 y5f4 ff362 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 181px; z-index: 15;\">model is used.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 170px; height: 791px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 170px; height: 791px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 170px; height: 791px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff369 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas pursue<span class=\"_ _2\"></span>s a policy aimed <span class=\"_ _2\"></span>at quantifying and<span class=\"_ _2\"></span> monitoring pricing<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y803 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">uncertainties<span class=\"_ _2\"></span> related to the calcula<span class=\"lse0 wsfa\">tion of fai<span class=\"_ _0\"></span>r values <span class=\"_ _0\"></span>using val<span class=\"_ _2b\"></span>uation </span></div>\n<div class=\"t m0 x7 h4f y804 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">techniques and in<span class=\"_ _2\"></span>ternal models. Related un<span class=\"_ _2\"></span>certainties are a feature of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y805 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the \u2018model ris<span class=\"_ _2\"></span>k\u2019 concept.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y807 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Model risk ari<span class=\"_ _2\"></span>ses when the product pricing requi<span class=\"_ _2\"></span>res valuation technique<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x7 h4f y808 ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which are not<span class=\"_ _0\"></span> yet stan<span class=\"_ _0\"></span>dardis<span class=\"_ _0\"></span>ed or for whic<span class=\"_ _0\"></span>h input<span class=\"ls0 ws0\"> </span>data can<span class=\"_ _2b\"></span>not be directly</div>\n<div class=\"t m0 x7 h4f y809 ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">observe<span class=\"_ _2b\"></span>d in the market<span class=\"_ _0\"></span>, leadi<span class=\"_ _0\"></span>ng to ass<span class=\"_ _0\"></span>umptions<span class=\"_ _0\"></span> about t<span class=\"_ _2b\"></span>he input data</div>\n<div class=\"t m0 x7 h4f y80a ff369 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">themselves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The int<span class=\"_ _0\"></span>roductio<span class=\"_ _2b\"></span>n of new, sophis<span class=\"_ _0\"></span>ticate<span class=\"_ _0\"></span>d prod<span class=\"_ _0\"></span>ucts in th<span class=\"_ _2b\"></span>e market has</div>\n<div class=\"t m0 x7 h4f y80d ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result<span class=\"_ _0\"></span>ed in the devel<span class=\"_ _2b\"></span>opment of mathemat<span class=\"_ _2b\"></span>ical models to pric<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>the<span class=\"_ _0\"></span>m.</div>\n<div class=\"t m0 x7 h4f y80e ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">These m<span class=\"_ _0\"></span>odels i<span class=\"_ _0\"></span>n tu<span class=\"lse2\">rn depend on<span class=\"_ _2\"></span> assumptions regard<span class=\"_ _2\"></span>ing the stochastic<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y80f ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">behavio<span class=\"_ _0\"></span>ur of under<span class=\"_ _0\"></span>lying var<span class=\"_ _0\"></span>iables, nu<span class=\"_ _2b\"></span>merical algorit<span class=\"_ _2b\"></span>hms and other</div>\n<div class=\"t m0 x1a h4f y1e27 ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">possibl<span class=\"_ _0\"></span>e approx<span class=\"_ _2b\"></span>imations need<span class=\"_ _0\"></span>ed to rep<span class=\"_ _0\"></span>licate t<span class=\"_ _2b\"></span>he complexit<span class=\"_ _0\"></span>y of the</div>\n<div class=\"t m0 x1a h4f y1e28 ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1e29 ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1e2a ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Furthermore, t<span class=\"_ _2\"></span>he underlying hypotheses of a mod<span class=\"_ _2\"></span>el <span class=\"lse0 wsf0\">dep<span class=\"_ _0\"></span>end on the </span></div>\n<div class=\"t m0 x1a h4f y1e2b ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">general<span class=\"_ _0\"></span> market c<span class=\"_ _2b\"></span>onditions (e.<span class=\"_ _0\"></span>g. spec<span class=\"_ _0\"></span>ific int<span class=\"_ _2b\"></span>erest rates, v<span class=\"_ _0\"></span>olatilit<span class=\"_ _0\"></span>ies)</div>\n<div class=\"t m0 x1a h4f y1e2c ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">prevail<span class=\"_ _0\"></span>ing at t<span class=\"_ _0\"></span>he time t<span class=\"_ _0\"></span>he mod<span class=\"_ _0\"></span>el is devel<span class=\"_ _0\"></span>oped. T<span class=\"_ _2b\"></span>here is no guara<span class=\"_ _2b\"></span>ntee that</div>\n<div class=\"t m0 x1a h4f y1e2d ff369 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the model will<span class=\"_ _2\"></span> continue to yield adequate re<span class=\"_ _2\"></span>sults should market</div>\n<div class=\"t m0 x1a h4f y1e2e ff369 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">conditions <span class=\"_ _2\"></span>change drastically<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1e2f ff369 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1e30 ff369 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Any related<span class=\"_ _2\"></span> model uncertaint<span class=\"_ _2\"></span>y is quantified as<span class=\"_ _2\"></span> accurately as p<span class=\"_ _2\"></span>ossible</div>\n<div class=\"t m0 x1a h4f y1e31 ff369 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and is t<span class=\"_ _0\"></span>he basis f<span class=\"_ _2b\"></span>or adjusting t<span class=\"_ _0\"></span>he fair v<span class=\"_ _2b\"></span>alue calculate<span class=\"_ _2b\"></span>d by the valuat<span class=\"_ _0\"></span>ion</div>\n<div class=\"t m0 x1a h4f y1e32 ff369 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">techni<span class=\"_ _0\"></span>ques and int<span class=\"_ _2b\"></span>ernal models.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 881px; height: 225px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 881px; height: 225px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 881px; height: 225px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag509": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>in<span class=\"_ _2\"></span>ancial<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tments</div>\n<div class=\"t m0 x7 h63 y17d6 ff258 fs40 fc1e sc0 lsf8 ws10f\" style=\"z-index: 15;\">The composition of financial</div>\n<div class=\"t m0 x7 h63 y17d7 ff258 fs40 fc1e sc0 lsf6 ws0\" style=\"z-index: 15;\">investments is as follow<span class=\"_ _0\"></span>s.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x348 h52 y1550 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 570px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x31c h52 y1550 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 612px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y1550 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 729px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 801px; z-index: 15;\">Financial investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h54 y608 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h54 y608 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 786px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Held to maturity</span> </div>\n<div class=\"t m0 x66 h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 667px; bottom: 786px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 786px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 771px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"ls109 ws15f\">Available for sale</span> </div>\n<div class=\"t m0 x5d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 660px; bottom: 771px; z-index: 15;\">41,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 777px; bottom: 771px; z-index: 15;\">55,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 756px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">Held at fair value through profit or <span class=\"lsef ws10a\">loss</span></span> </div>\n<div class=\"t m0 x1d h52 y60e ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 673px; bottom: 756px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y60e ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 790px; bottom: 756px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 741px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">Derivatives held for trading</span> </div>\n<div class=\"t m0 x1d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 673px; bottom: 741px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f9 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 801px; bottom: 741px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h54 y5f7 ff25a fs3c fc10 sc0 lsee ws15e\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Total, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 727px; z-index: 15;\">47,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 727px; z-index: 15;\">60,279<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Impairm<span class=\"_ _2\"></span>ents:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y5fc ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y5fc ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 324px; bottom: 697px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf6\">of investments available for sale</span> </div>\n<div class=\"t m0 x66 h52 y601 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 667px; bottom: 697px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 697px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff25a fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 682px; z-index: 15;\">Total im<span class=\"_ _2b\"></span>pairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h54 y5fc ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 667px; bottom: 682px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h54 y5fc ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 682px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 688px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e3 h52 y601 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 805px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y180c ff25a fs3c fc10 sc0 lsec wsfe\" style=\"left: 324px; bottom: 652px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y180c ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 652px; z-index: 15;\">46,902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y180c ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 652px; z-index: 15;\">59,952<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y17eb ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y17ec ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y17ed ff256 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">Availab<span class=\"_ _0\"></span>le for s<span class=\"_ _0\"></span>ale fina<span class=\"_ _0\"></span>ncial in<span class=\"_ _0\"></span>vestme<span class=\"_ _2b\"></span>nts of EUR <span class=\"lse2 ws103\">2,424 million from Ageas Fra<span class=\"_ _2\"></span>nce were reclassified to </span></div>\n<div class=\"t m0 x26 h4f y17ee ff256 fs3a fc1e sc0 lse2 wsfa\" style=\"z-index: 15;\">the line \u2018<span class=\"_ _2\"></span><span class=\"ls0 ws0\">A<span class=\"lse0 wsf0\">ssets he<span class=\"_ _0\"></span>ld for sale<span class=\"_ _0\"></span>\u2019 as per 31 Decem<span class=\"_ _2b\"></span>ber 2022<span class=\"ls0 ws0\">. </span></span></span></div>\n\n<div class=\"t m0 x26 h6a y17ef ff25b fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x26 h6a y17f0 ff25b fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Investments held <span class=\"_ _2\"></span>to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 575px; bottom: 495px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 480px; z-index: 15;\">bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 649px; bottom: 495px; z-index: 15;\">Corporate debt<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 480px; z-index: 15;\">securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 480px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff256 fs3c fc10 sc0 lse7 ws109\" style=\"left: 774px; bottom: 480px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 450px; z-index: 15;\">Investments held to <span class=\"_ _0\"></span>maturity at 1 January<span class=\"_ _0\"></span> 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 450px; z-index: 15;\">4,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5f2 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 450px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 450px; z-index: 15;\">4,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 435px; z-index: 15;\">Maturities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 608px; bottom: 435px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 778px; bottom: 435px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 420px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 420px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 420px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 420px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 405px; z-index: 15;\">Investments held to maturity at 31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 405px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 ydd0 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 405px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 405px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf6\" style=\"left: 324px; bottom: 390px; z-index: 15;\">Acquisitions/divestment of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 609px; bottom: 390px; z-index: 15;\">789<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 694px; bottom: 390px; z-index: 15;\">341<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 772px; bottom: 390px; z-index: 15;\">1,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 375px; z-index: 15;\">Maturities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 375px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 375px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 361px; z-index: 15;\">Acquisitions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 614px; bottom: 361px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 705px; bottom: 361px; z-index: 15;\">8</div>\n<div class=\"t m0 x2f h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 361px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 346px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 346px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 346px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 346px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf3\" style=\"left: 324px; bottom: 331px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 608px; bottom: 331px; z-index: 15;\">(81)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 693px; bottom: 331px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 774px; bottom: 331px; z-index: 15;\">(116)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff25a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 316px; z-index: 15;\">Investments held to maturity at 31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 316px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 316px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 316px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 286px; z-index: 15;\">Fair value at 31 Dece<span class=\"_ _0\"></span>mber 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 286px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y601 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 286px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 286px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 271px; z-index: 15;\">Fair value at 31 Dece<span class=\"_ _0\"></span>mber 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 271px; z-index: 15;\">5,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 271px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 271px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1801 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1802 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1803 ff256 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value of<span class=\"_ _0\"></span> <span class=\"wsf0\">govern<span class=\"_ _0\"></span>ment bonds<span class=\"_ _0\"></span> classif<span class=\"_ _2b\"></span>ied as investment<span class=\"_ _0\"></span>s held to mat<span class=\"_ _2b\"></span>urity is based on quote<span class=\"_ _2b\"></span>d </span></div>\n<div class=\"t m0 x26 h4f y1804 ff256 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">prices in act<span class=\"_ _2b\"></span>ive markets (lev<span class=\"_ _0\"></span>el 1)<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 198px; height: 353px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 198px; height: 763px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y1030 ff260 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the fo<span class=\"_ _2b\"></span>llowing table t<span class=\"_ _2b\"></span>he government<span class=\"_ _0\"></span> bonds c<span class=\"_ _0\"></span>lassifi<span class=\"_ _2b\"></span>ed as held to m<span class=\"_ _0\"></span>aturity <span class=\"_ _2b\"></span>as at 31<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">December a<span class=\"_ _0\"></span>re <span class=\"lse2 wsfa\">detailed b<span class=\"_ _2\"></span>y country of origin<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1810 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1066px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff260 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 527px; bottom: 1066px; z-index: 15;\">Historical/amortised cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y603 ff260 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 756px; bottom: 1066px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1036px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1036px; z-index: 15;\">4,296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1036px; z-index: 15;\">4,776<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1021px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1021px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1021px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1006px; z-index: 15;\">Indian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1006px; z-index: 15;\">763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1006px; z-index: 15;\">768<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff263 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 991px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 991px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 991px; z-index: 15;\">5,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 946px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 915px; z-index: 15;\">4,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 915px; z-index: 15;\">6,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 900px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 900px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 886px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 886px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y181e ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y181f ff264 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.2</span> </div>\n<div class=\"t m0 x7 h6a y1820 ff264 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Investment<span class=\"_ _0\"></span>s available for sale <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 746px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 776px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 761px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 746px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 746px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 746px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 776px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 761px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f7 ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 761px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 746px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 761px; z-index: 15;\">  </div>\n<div class=\"t m0 x196 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 746px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 761px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 746px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 715px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 715px; z-index: 15;\">596<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 715px; z-index: 15;\">(2,390)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 701px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 701px; z-index: 15;\">16,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 701px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 701px; z-index: 15;\">(1,537)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 701px; z-index: 15;\">14,725<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 701px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 701px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 686px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 686px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 686px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 671px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 671px; z-index: 15;\">40,062<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 671px; z-index: 15;\">650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 671px; z-index: 15;\">(3,927)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 671px; z-index: 15;\">36,785<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 671px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 671px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 641px; z-index: 15;\">366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 641px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 641px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 626px; z-index: 15;\">3,448<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 626px; z-index: 15;\">671<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 626px; z-index: 15;\">(102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 626px; z-index: 15;\">4,017<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 626px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 626px; z-index: 15;\">3,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x67 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y60e ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 597px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 582px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s</span></span> </div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 582px; z-index: 15;\">3,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 582px; z-index: 15;\">714<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 582px; z-index: 15;\">(105)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 582px; z-index: 15;\">4,424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 582px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 582px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 552px; z-index: 15;\">43,877<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 552px; z-index: 15;\">1,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 552px; z-index: 15;\">(4,032)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 552px; z-index: 15;\">41,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 552px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 477px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 507px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 492px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 477px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 477px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 477px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 492px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 492px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 477px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 477px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 492px; z-index: 15;\">  </div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 492px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 477px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 447px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 447px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 447px; z-index: 15;\">5,241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 447px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 432px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 432px; z-index: 15;\">17,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 432px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 432px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 432px; z-index: 15;\">18,415<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 432px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 432px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 417px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 417px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 417px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 417px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 417px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 417px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 402px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt <span class=\"wsf4\">securities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 402px; z-index: 15;\">43,323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 402px; z-index: 15;\">6,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 402px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 402px; z-index: 15;\">49,607<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 402px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 402px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 372px; z-index: 15;\">173<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 372px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 372px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 372px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 357px; z-index: 15;\">4,551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 357px; z-index: 15;\">1,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 357px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 357px; z-index: 15;\">5,781<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 357px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 357px; z-index: 15;\">5,475<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 343px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x67 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 328px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 313px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other investments</span> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 313px; z-index: 15;\">4,726<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 313px; z-index: 15;\">1,278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 313px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 313px; z-index: 15;\">5,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 313px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 313px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 283px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 283px; z-index: 15;\">48,049<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 283px; z-index: 15;\">7,630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 283px; z-index: 15;\">(97)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 283px; z-index: 15;\">55,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 283px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 283px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1842 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1843 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1844 ff260 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> EUR<span class=\"ls0 ws0\"> </span><span class=\"wsef\">1,979<span class=\"ls0 ws0\"> </span></span>mi<span class=\"_ _0\"></span>llion of th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents avail<span class=\"_ _2b\"></span>able for sale has been pl<span class=\"_ _2b\"></span>edged as collate<span class=\"_ _0\"></span>ral (<span class=\"lse2 wsf1\">2021<span class=\"ws103\">: EUR<span class=\"ls0 ws0\"> </span></span>2,032<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">million).</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 225px; height: 20px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 225px; height: 607px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 225px; height: 881px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 225px; height: 881px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments availa<span class=\"_ _0\"></span>ble for sa<span class=\"_ _2b\"></span>le is based on:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsf0\">Level 1: quoted pri<span class=\"_ _0\"></span>ces in activ<span class=\"_ _0\"></span>e markets;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsfa\">Level 2: observ<span class=\"_ _2b\"></span>able market dat<span class=\"_ _2b\"></span>a in active mar<span class=\"_ _0\"></span>kets;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse2 wsf1\">L<span class=\"_ _2\"></span>evel</span><span class=\"ff266\"> <span class=\"lse2 ws103\">3: non</span>-<span class=\"lse0 wsf0\">observable in<span class=\"_ _2b\"></span>puts (counterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _0\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x14d h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 1018px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 1018px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 1018px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 1018px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 987px; z-index: 15;\">21,723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 987px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y608 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 987px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 972px; z-index: 15;\">12,520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,565<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 972px; z-index: 15;\">626<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 972px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Equity <span class=\"wsf3\">securities, private equities and o<span class=\"_ _0\"></span>ther investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 943px; z-index: 15;\">2,621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 943px; z-index: 15;\">934<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 943px; z-index: 15;\">658<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 928px; z-index: 15;\">36,864<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">2,836<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 928px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 928px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y184e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y184f ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 881px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 881px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 881px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 881px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 850px; z-index: 15;\">30,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 850px; z-index: 15;\">551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 850px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 850px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Corporate debt <span class=\"lsef ws10a\">securitie<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 835px; z-index: 15;\">16,002<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 835px; z-index: 15;\">1,953<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 835px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 835px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Equity securities, private equi<span class=\"_ _0\"></span>ties and other investment<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 806px; z-index: 15;\">3,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 806px; z-index: 15;\">1,547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 806px; z-index: 15;\">936<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 806px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 791px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 791px; z-index: 15;\">49,777<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 791px; z-index: 15;\">4,102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 791px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 791px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 780px; height: 247px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1857 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1858 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1859 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The chang<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>in l<span class=\"_ _0\"></span>evel 3 <span class=\"lse2 wsfa\">valuation are<span class=\"_ _2\"></span> as follows.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y185a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 713px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 713px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 713px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 683px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 683px; z-index: 15;\">1,312<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y601 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 668px; z-index: 15;\">(385)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 653px; z-index: 15;\">Acquisitions/divestment of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Maturity/redemption or repayment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 638px; z-index: 15;\">(61)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 638px; z-index: 15;\">(63)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 624px; z-index: 15;\">Acquired<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 624px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 624px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 609px; z-index: 15;\">Proceeds from sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 609px; z-index: 15;\">(129)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 609px; z-index: 15;\">(140)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 594px; z-index: 15;\">Realised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 594px; z-index: 15;\">2</div>\n<div class=\"t m0 xd2 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 594px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 579px; z-index: 15;\">Reversal of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 564px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 564px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e4 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 564px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Unrealised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 549px; z-index: 15;\">(110)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 549px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 535px; z-index: 15;\">Transfers between valuation categories<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 535px; z-index: 15;\">289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 505px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 505px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y186a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186b ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Level 3 v<span class=\"_ _2b\"></span>aluations for p<span class=\"_ _2b\"></span>rivate equities<span class=\"_ _0\"></span> and ve<span class=\"_ _0\"></span>nture ca<span class=\"_ _2b\"></span>pital use fair v<span class=\"_ _2b\"></span>alues</div>\n<div class=\"t m0 x7 h4f y186d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ed in the <span class=\"_ _0\"></span>audite<span class=\"_ _2b\"></span>d financial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s of the <span class=\"_ _0\"></span>relevant<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y186e ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pations.<span class=\"_ _0\"></span> Level 3 val<span class=\"_ _0\"></span>uations f<span class=\"_ _0\"></span>or equiti<span class=\"_ _0\"></span>es and asset<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsef\">back<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x7 h4f y186f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies use a dis<span class=\"_ _0\"></span>coun<span class=\"lse2 ws103\">ted cash flow methodology. Expec<span class=\"_ _2\"></span>ted cash </span></div>\n<div class=\"t m0 x7 h4f y1870 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows tak<span class=\"_ _0\"></span>e into accou<span class=\"_ _0\"></span>nt origin<span class=\"_ _2b\"></span>al underwritin<span class=\"_ _0\"></span>g criteri<span class=\"_ _0\"></span>a, borrow<span class=\"_ _0\"></span>er attrib<span class=\"_ _0\"></span>utes</div>\n<div class=\"t m0 x7 h4f y1871 ff266 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(such as age and<span class=\"_ _2\"></span> credit scores), loan<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">val<span class=\"_ _0\"></span>ue ratios, ex<span class=\"_ _2b\"></span>pected house </span></span></div>\n<div class=\"t m0 x7 h4f y1872 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">price mov<span class=\"_ _0\"></span>ements a<span class=\"_ _0\"></span>nd expect<span class=\"_ _0\"></span>ed prepaym<span class=\"_ _2b\"></span>ent rates etc. Exp<span class=\"_ _0\"></span>ected cash</div>\n<div class=\"t m0 x7 h4f y1873 ff266 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">flow<span class=\"lse0 wsf0\">s are discount<span class=\"_ _2b\"></span>ed at risk<span class=\"ls0 ws0\">-</span>adjusted rat<span class=\"_ _2b\"></span>es. Market parti<span class=\"_ _0\"></span>cipants oft<span class=\"_ _2b\"></span>en use </span></div>\n<div class=\"t m0 x7 h4f y1874 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">such dis<span class=\"_ _0\"></span>counted <span class=\"_ _2b\"></span>cash flow tec<span class=\"_ _0\"></span>hnique<span class=\"_ _0\"></span>s to pric<span class=\"_ _0\"></span>e privat<span class=\"_ _2b\"></span>e equities and</div>\n<div class=\"t m0 x7 h4f y1875 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e capital.<span class=\"_ _0\"></span> We re<span class=\"_ _0\"></span>ly also o<span class=\"_ _0\"></span>n these q<span class=\"_ _0\"></span>uotes t<span class=\"_ _0\"></span>o a certai<span class=\"_ _2b\"></span>n extent when</div>\n<div class=\"t m0 x1a h4f y1876 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuing t<span class=\"_ _2b\"></span>hese instrum<span class=\"_ _0\"></span>ents. Th<span class=\"_ _2b\"></span>ese techniques<span class=\"_ _0\"></span> are<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">subject to inherent </span></span></div>\n<div class=\"t m0 x1a h4f y1877 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limitati<span class=\"_ _2b\"></span>ons, such as estimat<span class=\"_ _0\"></span>ion of the a<span class=\"_ _0\"></span>ppropria<span class=\"_ _2b\"></span>te risk<span class=\"ls0 ws0\">-</span>adjusted dis<span class=\"_ _0\"></span>count</div>\n<div class=\"t m0 x1a h4f y1878 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate, and d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nt assumpt<span class=\"_ _2b\"></span>ions and inputs wou<span class=\"_ _0\"></span>ld yield dif<span class=\"_ _0\"></span>ferent res<span class=\"_ _2b\"></span>ults.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1879 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y187a ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leve<span class=\"_ _2b\"></span>l 3 positions ar<span class=\"_ _2b\"></span>e mainly sensit<span class=\"_ _0\"></span>ive to a c<span class=\"_ _2b\"></span>hange in the l<span class=\"_ _0\"></span>evel of</div>\n<div class=\"t m0 x1a h4f y187b ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d futur<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span>cash flow<span class=\"_ _0\"></span>s and, ac<span class=\"_ _0\"></span>cordi<span class=\"_ _0\"></span>ngly, th<span class=\"_ _0\"></span>eir fair v<span class=\"_ _2b\"></span>alues vary in</div>\n<div class=\"t m0 x1a h4f y187c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ion to c<span class=\"_ _0\"></span>hanges of <span class=\"_ _0\"></span>these c<span class=\"_ _2b\"></span>ash flows. The c<span class=\"_ _2b\"></span>hanges in val<span class=\"_ _0\"></span>ue of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y187d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">level 3 i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents ar<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>nted for<span class=\"_ _0\"></span> in othe<span class=\"_ _0\"></span>r compr<span class=\"_ _0\"></span>ehensive <span class=\"_ _2b\"></span>income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y187e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Q<span class=\"lse0 wsf0\">uantitativ<span class=\"_ _2b\"></span>e unobservable i<span class=\"_ _0\"></span>nputs use<span class=\"_ _0\"></span>d when measu<span class=\"_ _2b\"></span>ring fair value are </span></div>\n<div class=\"t m0 x1a h4f y187f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not devel<span class=\"_ _0\"></span>oped by the ent<span class=\"_ _0\"></span>ity<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 305px; height: 801px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 305px; height: 801px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 305px; height: 801px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff26c fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Govern<span class=\"_ _0\"></span>ment bonds<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>deta<span class=\"_ _0\"></span>iled by cou<span class=\"_ _0\"></span>ntry of ori<span class=\"_ _0\"></span>gin <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff26c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 1065px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 1050px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 1035px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 1065px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 640px; bottom: 1050px; z-index: 15;\">u<span class=\"lse4 wsf4\">nrealised</span> </div>\n<div class=\"t m0 x160 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 1035px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 1050px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1035px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 1005px; z-index: 15;\">10,324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1005px; z-index: 15;\">(1,241)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1005px; z-index: 15;\">9,083<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 990px; z-index: 15;\">3,856<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 990px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">3,855<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Spanish national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 975px; z-index: 15;\">2,287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 661px; bottom: 975px; z-index: 15;\">(338)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">1,949<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 960px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 960px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">1,543<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 945px; z-index: 15;\">1,581<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 945px; z-index: 15;\">(53)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 931px; z-index: 15;\">1,029<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 931px; z-index: 15;\">2</div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 931px; z-index: 15;\">1,031<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 916px; z-index: 15;\">859<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 916px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">920<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 901px; z-index: 15;\">468<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 901px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 886px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 886px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 886px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Polish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 871px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 871px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 871px; z-index: 15;\">232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 856px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 856px; z-index: 15;\">234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 856px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 856px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 842px; z-index: 15;\">158<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 842px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 842px; z-index: 15;\">122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Luxembourg national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 827px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 827px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 827px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 812px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 812px; z-index: 15;\">2</div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 812px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Malta national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 797px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 797px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 797px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 782px; z-index: 15;\">636<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 782px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 782px; z-index: 15;\">601<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 767px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 767px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 767px; z-index: 15;\">(1,794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 767px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 722px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 707px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 692px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 722px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f9 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 640px; bottom: 707px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 692px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 722px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y5f9 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 707px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 692px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 662px; z-index: 15;\">10,891<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 662px; z-index: 15;\">2,203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 662px; z-index: 15;\">13,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 647px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 647px; z-index: 15;\">4,689<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 647px; z-index: 15;\">1,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 647px; z-index: 15;\">5,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 632px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 632px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 632px; z-index: 15;\">357<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 632px; z-index: 15;\">2,481<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 617px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 617px; z-index: 15;\">1,722<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 617px; z-index: 15;\">402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 617px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 602px; z-index: 15;\">Spanish <span class=\"wsf3\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 602px; z-index: 15;\">2,107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 602px; z-index: 15;\">287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 602px; z-index: 15;\">2,394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 588px; z-index: 15;\">1,159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 588px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 588px; z-index: 15;\">1,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 573px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 573px; z-index: 15;\">830<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 573px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 573px; z-index: 15;\">1,065<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 558px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 558px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 558px; z-index: 15;\">521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 543px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 543px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 543px; z-index: 15;\">365<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 528px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 528px; z-index: 15;\">222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 528px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 528px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Polish <span class=\"wsf6\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 513px; z-index: 15;\">274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 513px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 513px; z-index: 15;\">309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 498px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 498px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">244<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Czech Republic national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 469px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 469px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 469px; z-index: 15;\">105<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">US national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 561px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x28a h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 439px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 439px; z-index: 15;\">838<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 439px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 439px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 424px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 424px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 424px; z-index: 15;\">5,196<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 424px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 413px; height: 693px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 413px; height: 693px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 413px; height: 693px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff271 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">table below sh<span class=\"_ _0\"></span>ows net unr<span class=\"_ _0\"></span>ealised<span class=\"_ _0\"></span> gains and los<span class=\"_ _0\"></span>ses on inv<span class=\"_ _0\"></span>estments av<span class=\"_ _2b\"></span>ailable for sale in<span class=\"_ _0\"></span>cluded in e<span class=\"_ _0\"></span>quity<span class=\"lsf4 ws10c\">. </span>Equit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>sec<span class=\"_ _0\"></span>urities a<span class=\"_ _2b\"></span>nd other investment<span class=\"_ _2b\"></span>s also </span></div>\n<div class=\"t m0 x7 h4f y803 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include p<span class=\"_ _0\"></span>rivate eq<span class=\"_ _0\"></span>uities a<span class=\"_ _0\"></span>nd venture c<span class=\"_ _0\"></span>apital.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">Available for sale <span class=\"_ _0\"></span><span class=\"lse4 wsf3\">investments in debt securi<span class=\"_ _0\"></span>ties:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1019px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 989px; z-index: 15;\">(3,277)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">6,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 974px; z-index: 15;\">752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 974px; z-index: 15;\">(1,586)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 959px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 959px; z-index: 15;\">(2,251)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 945px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 945px; z-index: 15;\">652<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 930px; z-index: 15;\">(2,422)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 930px; z-index: 15;\">3,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 884px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 884px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in equity securities and ot<span class=\"_ _0\"></span>her investments:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 854px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 854px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 824px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 824px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 809px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 809px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 809px; z-index: 15;\">(134)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 795px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 795px; z-index: 15;\">(99)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 795px; z-index: 15;\">(756)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 780px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 xd2 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 780px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 780px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 765px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 765px; z-index: 15;\">505<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 765px; z-index: 15;\">477<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18ad ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18ae ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18af ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The chan<span class=\"_ _2b\"></span>ges in impairm<span class=\"_ _0\"></span>ents of i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts ava<span class=\"_ _0\"></span>ilable f<span class=\"_ _2b\"></span>or sale are as fo<span class=\"_ _0\"></span>llows<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18b0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 686px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 686px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff273 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 656px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 656px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 656px; z-index: 15;\">(336)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 641px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y638 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 626px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 611px; z-index: 15;\">(117)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 611px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 596px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 581px; z-index: 15;\">Reversal on sale/disposal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 581px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 581px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 567px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 567px; z-index: 15;\">2</div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 567px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 552px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 541px; height: 565px; width: 84%; z-index: 7;\"><br/></div>\n\n\n<div class=\"t m0 x7 h6a y18b8 ff275 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.3</span> </div>\n<div class=\"t m0 x7 h6a y18b9 ff275 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Investm<span class=\"_ _0\"></span>ents held<span class=\"_ _0\"></span> at fair value throug<span class=\"_ _0\"></span>h profit<span class=\"_ _0\"></span> or loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 457px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 457px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 457px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 427px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 412px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 412px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 412px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 397px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 397px; z-index: 15;\">1</div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 397px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 382px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 382px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 353px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 353px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 353px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 338px; z-index: 15;\">Other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 338px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 338px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 323px; z-index: 15;\">Equity securities and other in<span class=\"_ _2b\"></span>v<span class=\"_ _2\"></span>estments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 323px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 323px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff273 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 308px; z-index: 15;\">Total <span class=\"_ _2b\"></span>investments<span class=\"_ _0\"></span> held<span class=\"_ _0\"></span> at fair<span class=\"_ _2b\"></span> value thr<span class=\"_ _0\"></span>ough <span class=\"_ _0\"></span>profit<span class=\"_ _0\"></span> or los<span class=\"_ _2b\"></span>s<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 308px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 308px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18bf ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c1 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments hel<span class=\"_ _2b\"></span>d at fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh profit o<span class=\"_ _2b\"></span>r loss include <span class=\"_ _0\"></span>primar<span class=\"_ _0\"></span>ily</div>\n<div class=\"t m0 x7 h4f y18c2 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents related t<span class=\"_ _0\"></span>o insura<span class=\"_ _0\"></span>nce liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s where c<span class=\"_ _2b\"></span>ash flows are l<span class=\"_ _0\"></span>inked</div>\n<div class=\"t m0 x7 h4f y18c3 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the p<span class=\"_ _0\"></span>erforma<span class=\"_ _0\"></span>nce of t<span class=\"_ _0\"></span>hese ass<span class=\"_ _0\"></span>ets, ei<span class=\"_ _0\"></span>ther co<span class=\"_ _0\"></span>ntractu<span class=\"_ _0\"></span>ally or o<span class=\"_ _0\"></span>n the bas<span class=\"_ _2b\"></span>is</div>\n<div class=\"t m0 x7 h4f y18c4 ff271 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of discret<span class=\"_ _2\"></span>ionary participation a<span class=\"_ _2\"></span>nd whose measuremen<span class=\"_ _2\"></span>t incorporates</div>\n<div class=\"t m0 x7 h4f y18c5 ff271 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">current informa<span class=\"_ _2\"></span>tion. This measurement signi<span class=\"_ _2\"></span>f<span class=\"lse0 wsf0\">ica<span class=\"_ _0\"></span>ntly reduc<span class=\"_ _2b\"></span>es an </span></div>\n<div class=\"t m0 x7 h4f y18c6 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mism<span class=\"_ _2b\"></span>atch that woul<span class=\"_ _2b\"></span>d otherwise ar<span class=\"_ _0\"></span>ise fro<span class=\"_ _0\"></span>m measur<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>ets</div>\n<div class=\"t m0 x7 h4f y18c7 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and liabi<span class=\"_ _0\"></span>lities an<span class=\"_ _0\"></span>d the relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>gain<span class=\"_ _0\"></span>s and losses<span class=\"_ _0\"></span> on differe<span class=\"_ _2b\"></span>nt bases.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18c8 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Other in<span class=\"_ _0\"></span>vestme<span class=\"_ _2b\"></span>nts held at fair<span class=\"_ _0\"></span> value th<span class=\"_ _2b\"></span>rough profit o<span class=\"_ _0\"></span>r loss rel<span class=\"_ _2b\"></span>ate to</div>\n<div class=\"t m0 x1a h4f y18c9 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents in the pro<span class=\"_ _2b\"></span>perty f<span class=\"lse2 wsf1\">und. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18ca ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The nomin<span class=\"_ _0\"></span>al value of t<span class=\"_ _0\"></span>he debt secu<span class=\"_ _0\"></span>rities hel<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>at fai<span class=\"_ _0\"></span>r value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it</div>\n<div class=\"t m0 x1a h4f y18cb ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or loss as at <span class=\"wsef\">31<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsfa\">2022 is EUR<span class=\"_ _2\"></span></span> <span class=\"lse2 wsfa\">139 million (<span class=\"_ _2\"></span>31</span> </span>Decem<span class=\"_ _2b\"></span>ber<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">202<span class=\"_ _2\"></span>1: </span></span></span></div>\n<div class=\"t m0 x1a h4f y18cc ff271 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">133<span class=\"_ _2\"></span></span> <span class=\"ls102 ws11d\">million).</span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 156px; height: 358px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 156px; height: 950px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 156px; height: 950px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments held at f<span class=\"_ _0\"></span>air valu<span class=\"_ _2b\"></span>e through <span class=\"wsf0\">prof<span class=\"_ _0\"></span>it or loss is ba<span class=\"_ _0\"></span>sed on:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 1</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsfa\">quote<span class=\"_ _0\"></span>d prices i<span class=\"_ _2b\"></span>n active market<span class=\"_ _2b\"></span>s;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 2</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et data in act<span class=\"_ _0\"></span>ive mark<span class=\"_ _0\"></span>ets;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 3</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse2 wsf1\">non</span>-<span class=\"lse0 wsf0\">observabl<span class=\"_ _0\"></span>e inputs (c<span class=\"_ _0\"></span>ounterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _2b\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y807 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation at year<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">end is<span class=\"_ _0\"></span> as follow<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 986px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 986px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 986px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 986px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y601 ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 986px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 956px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 941px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 926px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 911px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 896px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 896px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 896px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 896px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 896px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff27c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total Investments held at<span class=\"_ _0\"></span> fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 867px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 867px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 867px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 867px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 867px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18d7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18d8 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 820px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 820px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 820px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 820px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 820px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 789px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 774px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5fc ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 745px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 730px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 730px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 730px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 730px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 730px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27c fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Total Investments held at <span class=\"lsef ws102\">fair valu<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 460px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 633px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 720px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 700px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 700px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 700px; z-index: 15;\">206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 700px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 700px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 689px; height: 338px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 689px; height: 417px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 689px; height: 417px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y18de ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18df ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h6a y18e0 ff27d fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.4</span> </div>\n<div class=\"t m0 x7 h6a y18e1 ff27d fs46 fcf sc0 ls10c ws12f\" style=\"z-index: 15;\">Deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s held<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>trading<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18e2 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Derivat<span class=\"_ _0\"></span>ives hel<span class=\"_ _2b\"></span>d for trading <span class=\"_ _0\"></span><span class=\"lse2\">are based <span class=\"_ _2\"></span>on <span class=\"lse0 wsef\">level<span class=\"ls0 ws0\"> </span></span><span class=\"ws103\">2 valuation (observable<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y18e3 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market dat<span class=\"_ _2b\"></span>a in<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>act<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s)<span class=\"lsf4 ws114\">. S<span class=\"lse2 wsfa\">ee also note <span class=\"_ _2\"></span><span class=\"wsf1\">27<span class=\"ls0 ws0\"> </span><span class=\"ws103\">Derivatives for<span class=\"_ _2\"></span> further </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y18e4 ff277 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">details<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 533px; height: 89px; width: 346px; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y18e5 ff27d fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">10.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y18e6 ff27d fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Securities lending<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18e7 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Under sec<span class=\"_ _0\"></span>urities l<span class=\"_ _0\"></span>ending ag<span class=\"_ _0\"></span>reement<span class=\"_ _0\"></span>s, we have aut<span class=\"_ _2b\"></span>horised third pa<span class=\"_ _0\"></span>rties</div>\n<div class=\"t m0 x7 h4f y18e8 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to use ce<span class=\"_ _0\"></span>rtain of<span class=\"_ _0\"></span> our sec<span class=\"_ _0\"></span>urities f<span class=\"_ _2b\"></span>or a limited p<span class=\"_ _0\"></span>eriod of<span class=\"_ _0\"></span> time, <span class=\"_ _0\"></span>after wh<span class=\"_ _0\"></span>ich</div>\n<div class=\"t m0 x7 h4f y18e9 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">they ret<span class=\"_ _0\"></span>urn the s<span class=\"_ _2b\"></span>ecurities to us<span class=\"_ _0\"></span>. Durin<span class=\"_ _0\"></span>g such ti<span class=\"_ _2b\"></span>me, w<span class=\"wsf0\">e continue to e<span class=\"_ _2b\"></span>arn </span></div>\n<div class=\"t m0 x7 h4f y18ea ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the rev<span class=\"_ _0\"></span>enues th<span class=\"_ _0\"></span>at these <span class=\"_ _2b\"></span>securities g<span class=\"_ _0\"></span>enerat<span class=\"_ _0\"></span>e. We also <span class=\"_ _2b\"></span>benefit from</div>\n<div class=\"t m0 x7 h4f y18eb ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">collate<span class=\"_ _0\"></span>ral under t<span class=\"_ _0\"></span>he form of ot<span class=\"_ _0\"></span>her secu<span class=\"_ _0\"></span>rities wit<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>a cove<span class=\"_ _2b\"></span>rage rate of at</div>\n<div class=\"t m0 x7 h4f y18ec ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">least 105%.<span class=\"_ _2\"></span> As at year<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">end,<span class=\"_ _0\"></span> such agree<span class=\"_ _0\"></span>ments cov<span class=\"_ _2b\"></span>ered an amount of </span></span></div>\n<div class=\"t m0 x7 h4f y18ed ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 691 mil<span class=\"_ _0\"></span>lion (EUR<span class=\"_ _0\"></span> 738 milli<span class=\"_ _0\"></span>on <span class=\"wsfa\">last ye<span class=\"_ _0\"></span>ar).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y18ee ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n\n<div class=\"t m0 x1a h6a y18e0 ff27d fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">10.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y18e1 ff27d fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Interests in unconsolidated<span class=\"_ _0\"></span> structured entities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18e2 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Insura<span class=\"_ _2b\"></span>nce, a subsidiary of<span class=\"_ _0\"></span> Ageas Gro<span class=\"_ _0\"></span>up, <span class=\"ls102 ws11d\">hold</span>s notes <span class=\"lsfb wsfa\">which </span></div>\n<div class=\"t m0 x1a h4f y18e3 ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">represent<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"ws103\">an interest (through<span class=\"_ _2\"></span> the rece<span class=\"lse0 wsf0\">ipt of pri<span class=\"_ _2b\"></span>ncipal and interes<span class=\"_ _0\"></span>t) in<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18e4 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">struct<span class=\"_ _0\"></span>ured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">that <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">it does not </span></span></span></span>consolidat<span class=\"_ _0\"></span>e. The struc<span class=\"_ _0\"></span>tured ent<span class=\"_ _2b\"></span>it<span class=\"ls102 ws11d\">ie<span class=\"_ _2\"></span>s </span></div>\n<div class=\"t m0 x1a h4f y18ef ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">invest<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">in mortgage receivab<span class=\"_ _2\"></span>les </span></span><span class=\"wsf0\">and leas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>eivabl<span class=\"_ _2b\"></span>es and generate<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18f0 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">funds th<span class=\"_ _0\"></span>rough t<span class=\"_ _2b\"></span>he issu<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf0\">of not<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">or units.</span> </span></span></div>\n<div class=\"t m0 x1a h4f y18f1 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f2 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">These structured<span class=\"_ _2\"></span> notes <span class=\"wsfa\">and units <span class=\"lse0 wsf0\">are recorded in \u2019Inv<span class=\"_ _2b\"></span>estments avail<span class=\"_ _0\"></span>able </span></span></div>\n<div class=\"t m0 x1a h4f y18f3 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for sale\u2019.<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Ne<span class=\"_ _2b\"></span>xt to the notes <span class=\"_ _0\"></span>and unit<span class=\"_ _0\"></span>s, AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e does no<span class=\"_ _0\"></span>t <span class=\"lse2\">hold any </span></span></div>\n<div class=\"t m0 x1a h4f y18f4 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other interest<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">in th<span class=\"_ _0\"></span>ese stru<span class=\"_ _0\"></span>ctured <span class=\"_ _0\"></span>entities<span class=\"_ _2b\"></span>. The <span class=\"wsf0\">maximum los<span class=\"_ _2b\"></span>s exposure<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y18f5 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance has is <span class=\"lse2 ws103\">limited to the carrying amoun<span class=\"_ _2\"></span>t of the notes<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">or uni<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18f6 ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">held.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18f7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f8 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e in the Fund of</div>\n<div class=\"t m0 x1a h4f y18f9 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">mortgage loan<span class=\"_ _2\"></span>s amounts to EU<span class=\"_ _2\"></span>R 319 million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR</div>\n<div class=\"t m0 x1a h4f y18fa ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">410 milli<span class=\"_ _0\"></span>on at 31 Decem<span class=\"_ _0\"></span>ber 2021<span class=\"_ _0\"></span>). The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interes<span class=\"_ _0\"></span>t held</div>\n<div class=\"t m0 x1a h4f y18fb ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">by AG Ins<span class=\"_ _2b\"></span>urance in Leas<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">backed rec<span class=\"_ _2b\"></span>eivables amount<span class=\"_ _0\"></span>s to EUR 28 </span></div>\n<div class=\"t m0 x1a h4f y18fc ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">35 millio<span class=\"_ _2b\"></span>n at <span class=\"_ _2\"></span>31 De<span class=\"_ _0\"></span>cember 2<span class=\"_ _0\"></span>021). </span></span></div>\n<div class=\"t m0 x1a h4f y18fd ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG Ins<span class=\"_ _2b\"></span>urance in Privat<span class=\"_ _0\"></span>e Equity</div>\n<div class=\"t m0 x1a h4f y18fe ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts to EUR 173<span class=\"_ _2\"></span> million at 31 December 2022 (EU<span class=\"_ _2\"></span>R 27<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">millio<span class=\"_ _0\"></span>n at 31 </span></span></div>\n<div class=\"t m0 x1a h4f y18ff ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">December <span class=\"lse0 wsef\">2021).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1900 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1901 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Fund of mo<span class=\"_ _0\"></span>rtgage lo<span class=\"_ _2b\"></span>ans is fully detaine<span class=\"_ _2b\"></span>d by AG Insurance, a<span class=\"_ _0\"></span>nd the</div>\n<div class=\"t m0 x1a h4f y1902 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">total ass<span class=\"_ _0\"></span>ets of the Le<span class=\"_ _0\"></span>ase<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">backed receivabl<span class=\"_ _2\"></span>es amounts to E<span class=\"_ _2\"></span>UR 196 </span></span></div>\n<div class=\"t m0 x1a h4f y1903 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>(EUR 339 million <span class=\"_ _2\"></span>at 31 December <span class=\"_ _2\"></span>2021)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 202px; height: 415px; width: 353px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 202px; height: 420px; width: 353px; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 201px; height: 905px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag515": {
   "value": "\n<div class=\"t m0 x26 h6a y17ef ff25b fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.1</span> </div>\n<div class=\"t m0 x26 h6a y17f0 ff25b fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Investments held <span class=\"_ _2\"></span>to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x21f h52 y603 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 575px; bottom: 495px; z-index: 15;\">Government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 480px; z-index: 15;\">bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff256 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 649px; bottom: 495px; z-index: 15;\">Corporate debt<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff256 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 480px; z-index: 15;\">securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 480px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff256 fs3c fc10 sc0 lse7 ws109\" style=\"left: 774px; bottom: 480px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff256 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y603 ff259 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 464px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 450px; z-index: 15;\">Investments held to <span class=\"_ _0\"></span>maturity at 1 January<span class=\"_ _0\"></span> 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 450px; z-index: 15;\">4,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5f2 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 450px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f2 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 450px; z-index: 15;\">4,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 435px; z-index: 15;\">Maturities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 608px; bottom: 435px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 435px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 778px; bottom: 435px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 420px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 420px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 420px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f2 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 420px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 405px; z-index: 15;\">Investments held to maturity at 31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 405px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 ydd0 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 405px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 ydd0 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 405px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf6\" style=\"left: 324px; bottom: 390px; z-index: 15;\">Acquisitions/divestment of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 609px; bottom: 390px; z-index: 15;\">789<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 694px; bottom: 390px; z-index: 15;\">341<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 772px; bottom: 390px; z-index: 15;\">1,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 375px; z-index: 15;\">Maturities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 375px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 ydd0 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 375px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 ydd0 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 375px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 361px; z-index: 15;\">Acquisitions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 614px; bottom: 361px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 705px; bottom: 361px; z-index: 15;\">8</div>\n<div class=\"t m0 x2f h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 784px; bottom: 361px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 324px; bottom: 346px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 612px; bottom: 346px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f7 ff256 fs3c fc1e sc0 ls0 ws0\" style=\"left: 709px; bottom: 346px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f7 ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 782px; bottom: 346px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf3\" style=\"left: 324px; bottom: 331px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 608px; bottom: 331px; z-index: 15;\">(81)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 693px; bottom: 331px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff256 fs3c fc1e sc0 lse4 wsf4\" style=\"left: 774px; bottom: 331px; z-index: 15;\">(116)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff25a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 316px; z-index: 15;\">Investments held to maturity at 31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 316px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 316px; z-index: 15;\">314<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 316px; z-index: 15;\">5,420<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 301px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 286px; z-index: 15;\">Fair value at 31 Dece<span class=\"_ _0\"></span>mber 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 286px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y601 ff25a fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 286px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y601 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 286px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff25a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 271px; z-index: 15;\">Fair value at 31 Dece<span class=\"_ _0\"></span>mber 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 271px; z-index: 15;\">5,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 271px; z-index: 15;\">315<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff25a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 271px; z-index: 15;\">5,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1801 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1802 ff256 fs3a fc1e sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1803 ff256 fs3a fc1e sc0 lse0 wsfa\" style=\"z-index: 15;\">The fai<span class=\"_ _0\"></span>r value of<span class=\"_ _0\"></span> <span class=\"wsf0\">govern<span class=\"_ _0\"></span>ment bonds<span class=\"_ _0\"></span> classif<span class=\"_ _2b\"></span>ied as investment<span class=\"_ _0\"></span>s held to mat<span class=\"_ _2b\"></span>urity is based on quote<span class=\"_ _2b\"></span>d </span></div>\n<div class=\"t m0 x26 h4f y1804 ff256 fs3a fc1e sc0 lse0 wsf0\" style=\"z-index: 15;\">prices in act<span class=\"_ _2b\"></span>ive markets (lev<span class=\"_ _0\"></span>el 1)<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 198px; height: 353px; width: 86%; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y1030 ff260 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the fo<span class=\"_ _2b\"></span>llowing table t<span class=\"_ _2b\"></span>he government<span class=\"_ _0\"></span> bonds c<span class=\"_ _0\"></span>lassifi<span class=\"_ _2b\"></span>ed as held to m<span class=\"_ _0\"></span>aturity <span class=\"_ _2b\"></span>as at 31<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">December a<span class=\"_ _0\"></span>re <span class=\"lse2 wsfa\">detailed b<span class=\"_ _2\"></span>y country of origin<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1810 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1066px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff260 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 527px; bottom: 1066px; z-index: 15;\">Historical/amortised cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12 h52 y603 ff260 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 756px; bottom: 1066px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1036px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1036px; z-index: 15;\">4,296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1036px; z-index: 15;\">4,776<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1021px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 1021px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1021px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1006px; z-index: 15;\">Indian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1006px; z-index: 15;\">763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1006px; z-index: 15;\">768<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff263 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 991px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 991px; z-index: 15;\">5,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 991px; z-index: 15;\">5,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 976px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y638 ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 961px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 946px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 930px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 915px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 915px; z-index: 15;\">4,304<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 915px; z-index: 15;\">6,399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 900px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 900px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 900px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 886px; z-index: 15;\">4,351<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 886px; z-index: 15;\">6,497<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y181e ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y181f ff264 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.2</span> </div>\n<div class=\"t m0 x7 h6a y1820 ff264 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Investment<span class=\"_ _0\"></span>s available for sale <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 746px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 776px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 761px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 746px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 746px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 746px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 776px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 761px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f7 ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 761px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 746px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 761px; z-index: 15;\">  </div>\n<div class=\"t m0 x196 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 746px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 761px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 746px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 715px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 715px; z-index: 15;\">596<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 715px; z-index: 15;\">(2,390)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 701px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 701px; z-index: 15;\">16,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 701px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 701px; z-index: 15;\">(1,537)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 701px; z-index: 15;\">14,725<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 701px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 701px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 686px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 686px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 686px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 671px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 671px; z-index: 15;\">40,062<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 671px; z-index: 15;\">650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 671px; z-index: 15;\">(3,927)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 671px; z-index: 15;\">36,785<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 671px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 671px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 641px; z-index: 15;\">366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 641px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 641px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 626px; z-index: 15;\">3,448<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 626px; z-index: 15;\">671<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 626px; z-index: 15;\">(102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 626px; z-index: 15;\">4,017<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 626px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 626px; z-index: 15;\">3,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x67 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y60e ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 597px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 582px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s</span></span> </div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 582px; z-index: 15;\">3,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 582px; z-index: 15;\">714<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 582px; z-index: 15;\">(105)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 582px; z-index: 15;\">4,424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 582px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 582px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 552px; z-index: 15;\">43,877<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 552px; z-index: 15;\">1,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 552px; z-index: 15;\">(4,032)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 552px; z-index: 15;\">41,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 552px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 477px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 507px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 492px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 477px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 477px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 477px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 492px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 492px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 477px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 477px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 492px; z-index: 15;\">  </div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 492px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 477px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 447px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 447px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 447px; z-index: 15;\">5,241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 447px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 432px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 432px; z-index: 15;\">17,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 432px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 432px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 432px; z-index: 15;\">18,415<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 432px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 432px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 417px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 417px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 417px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 417px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 417px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 417px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 402px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt <span class=\"wsf4\">securities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 402px; z-index: 15;\">43,323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 402px; z-index: 15;\">6,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 402px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 402px; z-index: 15;\">49,607<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 402px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 402px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 372px; z-index: 15;\">173<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 372px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 372px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 372px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 357px; z-index: 15;\">4,551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 357px; z-index: 15;\">1,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 357px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 357px; z-index: 15;\">5,781<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 357px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 357px; z-index: 15;\">5,475<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 343px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x67 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 328px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 313px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other investments</span> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 313px; z-index: 15;\">4,726<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 313px; z-index: 15;\">1,278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 313px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 313px; z-index: 15;\">5,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 313px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 313px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 283px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 283px; z-index: 15;\">48,049<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 283px; z-index: 15;\">7,630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 283px; z-index: 15;\">(97)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 283px; z-index: 15;\">55,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 283px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 283px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1842 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1843 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1844 ff260 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> EUR<span class=\"ls0 ws0\"> </span><span class=\"wsef\">1,979<span class=\"ls0 ws0\"> </span></span>mi<span class=\"_ _0\"></span>llion of th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents avail<span class=\"_ _2b\"></span>able for sale has been pl<span class=\"_ _2b\"></span>edged as collate<span class=\"_ _0\"></span>ral (<span class=\"lse2 wsf1\">2021<span class=\"ws103\">: EUR<span class=\"ls0 ws0\"> </span></span>2,032<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">million).</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 225px; height: 20px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 225px; height: 607px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 225px; height: 881px; width: 86%; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments availa<span class=\"_ _0\"></span>ble for sa<span class=\"_ _2b\"></span>le is based on:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsf0\">Level 1: quoted pri<span class=\"_ _0\"></span>ces in activ<span class=\"_ _0\"></span>e markets;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsfa\">Level 2: observ<span class=\"_ _2b\"></span>able market dat<span class=\"_ _2b\"></span>a in active mar<span class=\"_ _0\"></span>kets;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse2 wsf1\">L<span class=\"_ _2\"></span>evel</span><span class=\"ff266\"> <span class=\"lse2 ws103\">3: non</span>-<span class=\"lse0 wsf0\">observable in<span class=\"_ _2b\"></span>puts (counterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _0\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x14d h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 1018px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 1018px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 1018px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 1018px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 987px; z-index: 15;\">21,723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 987px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y608 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 987px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 972px; z-index: 15;\">12,520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,565<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 972px; z-index: 15;\">626<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 972px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Equity <span class=\"wsf3\">securities, private equities and o<span class=\"_ _0\"></span>ther investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 943px; z-index: 15;\">2,621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 943px; z-index: 15;\">934<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 943px; z-index: 15;\">658<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 928px; z-index: 15;\">36,864<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">2,836<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 928px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 928px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y184e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y184f ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 881px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 881px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 881px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 881px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 850px; z-index: 15;\">30,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 850px; z-index: 15;\">551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 850px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 850px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Corporate debt <span class=\"lsef ws10a\">securitie<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 835px; z-index: 15;\">16,002<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 835px; z-index: 15;\">1,953<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 835px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 835px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Equity securities, private equi<span class=\"_ _0\"></span>ties and other investment<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 806px; z-index: 15;\">3,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 806px; z-index: 15;\">1,547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 806px; z-index: 15;\">936<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 806px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 791px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 791px; z-index: 15;\">49,777<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 791px; z-index: 15;\">4,102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 791px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 791px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 780px; height: 247px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1857 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1858 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1859 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The chang<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>in l<span class=\"_ _0\"></span>evel 3 <span class=\"lse2 wsfa\">valuation are<span class=\"_ _2\"></span> as follows.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y185a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 713px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 713px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 713px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 683px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 683px; z-index: 15;\">1,312<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y601 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 668px; z-index: 15;\">(385)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 653px; z-index: 15;\">Acquisitions/divestment of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Maturity/redemption or repayment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 638px; z-index: 15;\">(61)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 638px; z-index: 15;\">(63)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 624px; z-index: 15;\">Acquired<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 624px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 624px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 609px; z-index: 15;\">Proceeds from sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 609px; z-index: 15;\">(129)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 609px; z-index: 15;\">(140)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 594px; z-index: 15;\">Realised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 594px; z-index: 15;\">2</div>\n<div class=\"t m0 xd2 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 594px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 579px; z-index: 15;\">Reversal of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 564px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 564px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e4 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 564px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Unrealised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 549px; z-index: 15;\">(110)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 549px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 535px; z-index: 15;\">Transfers between valuation categories<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 535px; z-index: 15;\">289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 505px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 505px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y186a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186b ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Level 3 v<span class=\"_ _2b\"></span>aluations for p<span class=\"_ _2b\"></span>rivate equities<span class=\"_ _0\"></span> and ve<span class=\"_ _0\"></span>nture ca<span class=\"_ _2b\"></span>pital use fair v<span class=\"_ _2b\"></span>alues</div>\n<div class=\"t m0 x7 h4f y186d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ed in the <span class=\"_ _0\"></span>audite<span class=\"_ _2b\"></span>d financial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s of the <span class=\"_ _0\"></span>relevant<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y186e ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pations.<span class=\"_ _0\"></span> Level 3 val<span class=\"_ _0\"></span>uations f<span class=\"_ _0\"></span>or equiti<span class=\"_ _0\"></span>es and asset<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsef\">back<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x7 h4f y186f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies use a dis<span class=\"_ _0\"></span>coun<span class=\"lse2 ws103\">ted cash flow methodology. Expec<span class=\"_ _2\"></span>ted cash </span></div>\n<div class=\"t m0 x7 h4f y1870 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows tak<span class=\"_ _0\"></span>e into accou<span class=\"_ _0\"></span>nt origin<span class=\"_ _2b\"></span>al underwritin<span class=\"_ _0\"></span>g criteri<span class=\"_ _0\"></span>a, borrow<span class=\"_ _0\"></span>er attrib<span class=\"_ _0\"></span>utes</div>\n<div class=\"t m0 x7 h4f y1871 ff266 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(such as age and<span class=\"_ _2\"></span> credit scores), loan<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">val<span class=\"_ _0\"></span>ue ratios, ex<span class=\"_ _2b\"></span>pected house </span></span></div>\n<div class=\"t m0 x7 h4f y1872 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">price mov<span class=\"_ _0\"></span>ements a<span class=\"_ _0\"></span>nd expect<span class=\"_ _0\"></span>ed prepaym<span class=\"_ _2b\"></span>ent rates etc. Exp<span class=\"_ _0\"></span>ected cash</div>\n<div class=\"t m0 x7 h4f y1873 ff266 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">flow<span class=\"lse0 wsf0\">s are discount<span class=\"_ _2b\"></span>ed at risk<span class=\"ls0 ws0\">-</span>adjusted rat<span class=\"_ _2b\"></span>es. Market parti<span class=\"_ _0\"></span>cipants oft<span class=\"_ _2b\"></span>en use </span></div>\n<div class=\"t m0 x7 h4f y1874 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">such dis<span class=\"_ _0\"></span>counted <span class=\"_ _2b\"></span>cash flow tec<span class=\"_ _0\"></span>hnique<span class=\"_ _0\"></span>s to pric<span class=\"_ _0\"></span>e privat<span class=\"_ _2b\"></span>e equities and</div>\n<div class=\"t m0 x7 h4f y1875 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e capital.<span class=\"_ _0\"></span> We re<span class=\"_ _0\"></span>ly also o<span class=\"_ _0\"></span>n these q<span class=\"_ _0\"></span>uotes t<span class=\"_ _0\"></span>o a certai<span class=\"_ _2b\"></span>n extent when</div>\n<div class=\"t m0 x1a h4f y1876 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuing t<span class=\"_ _2b\"></span>hese instrum<span class=\"_ _0\"></span>ents. Th<span class=\"_ _2b\"></span>ese techniques<span class=\"_ _0\"></span> are<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">subject to inherent </span></span></div>\n<div class=\"t m0 x1a h4f y1877 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limitati<span class=\"_ _2b\"></span>ons, such as estimat<span class=\"_ _0\"></span>ion of the a<span class=\"_ _0\"></span>ppropria<span class=\"_ _2b\"></span>te risk<span class=\"ls0 ws0\">-</span>adjusted dis<span class=\"_ _0\"></span>count</div>\n<div class=\"t m0 x1a h4f y1878 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate, and d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nt assumpt<span class=\"_ _2b\"></span>ions and inputs wou<span class=\"_ _0\"></span>ld yield dif<span class=\"_ _0\"></span>ferent res<span class=\"_ _2b\"></span>ults.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1879 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y187a ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leve<span class=\"_ _2b\"></span>l 3 positions ar<span class=\"_ _2b\"></span>e mainly sensit<span class=\"_ _0\"></span>ive to a c<span class=\"_ _2b\"></span>hange in the l<span class=\"_ _0\"></span>evel of</div>\n<div class=\"t m0 x1a h4f y187b ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d futur<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span>cash flow<span class=\"_ _0\"></span>s and, ac<span class=\"_ _0\"></span>cordi<span class=\"_ _0\"></span>ngly, th<span class=\"_ _0\"></span>eir fair v<span class=\"_ _2b\"></span>alues vary in</div>\n<div class=\"t m0 x1a h4f y187c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ion to c<span class=\"_ _0\"></span>hanges of <span class=\"_ _0\"></span>these c<span class=\"_ _2b\"></span>ash flows. The c<span class=\"_ _2b\"></span>hanges in val<span class=\"_ _0\"></span>ue of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y187d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">level 3 i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents ar<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>nted for<span class=\"_ _0\"></span> in othe<span class=\"_ _0\"></span>r compr<span class=\"_ _0\"></span>ehensive <span class=\"_ _2b\"></span>income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y187e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Q<span class=\"lse0 wsf0\">uantitativ<span class=\"_ _2b\"></span>e unobservable i<span class=\"_ _0\"></span>nputs use<span class=\"_ _0\"></span>d when measu<span class=\"_ _2b\"></span>ring fair value are </span></div>\n<div class=\"t m0 x1a h4f y187f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not devel<span class=\"_ _0\"></span>oped by the ent<span class=\"_ _0\"></span>ity<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 305px; height: 801px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 305px; height: 801px; width: 86%; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff26c fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Govern<span class=\"_ _0\"></span>ment bonds<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>deta<span class=\"_ _0\"></span>iled by cou<span class=\"_ _0\"></span>ntry of ori<span class=\"_ _0\"></span>gin <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff26c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 1065px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 1050px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 1035px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 1065px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 640px; bottom: 1050px; z-index: 15;\">u<span class=\"lse4 wsf4\">nrealised</span> </div>\n<div class=\"t m0 x160 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 1035px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 1050px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1035px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 1005px; z-index: 15;\">10,324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1005px; z-index: 15;\">(1,241)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1005px; z-index: 15;\">9,083<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 990px; z-index: 15;\">3,856<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 990px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">3,855<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Spanish national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 975px; z-index: 15;\">2,287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 661px; bottom: 975px; z-index: 15;\">(338)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">1,949<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 960px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 960px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">1,543<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 945px; z-index: 15;\">1,581<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 945px; z-index: 15;\">(53)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 931px; z-index: 15;\">1,029<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 931px; z-index: 15;\">2</div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 931px; z-index: 15;\">1,031<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 916px; z-index: 15;\">859<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 916px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">920<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 901px; z-index: 15;\">468<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 901px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 886px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 886px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 886px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Polish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 871px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 871px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 871px; z-index: 15;\">232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 856px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 856px; z-index: 15;\">234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 856px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 856px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 842px; z-index: 15;\">158<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 842px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 842px; z-index: 15;\">122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Luxembourg national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 827px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 827px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 827px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 812px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 812px; z-index: 15;\">2</div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 812px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Malta national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 797px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 797px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 797px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 782px; z-index: 15;\">636<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 782px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 782px; z-index: 15;\">601<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 767px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 767px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 767px; z-index: 15;\">(1,794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 767px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 722px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 707px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 692px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 722px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f9 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 640px; bottom: 707px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 692px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 722px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y5f9 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 707px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 692px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 662px; z-index: 15;\">10,891<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 662px; z-index: 15;\">2,203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 662px; z-index: 15;\">13,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 647px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 647px; z-index: 15;\">4,689<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 647px; z-index: 15;\">1,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 647px; z-index: 15;\">5,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 632px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 632px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 632px; z-index: 15;\">357<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 632px; z-index: 15;\">2,481<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 617px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 617px; z-index: 15;\">1,722<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 617px; z-index: 15;\">402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 617px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 602px; z-index: 15;\">Spanish <span class=\"wsf3\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 602px; z-index: 15;\">2,107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 602px; z-index: 15;\">287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 602px; z-index: 15;\">2,394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 588px; z-index: 15;\">1,159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 588px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 588px; z-index: 15;\">1,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 573px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 573px; z-index: 15;\">830<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 573px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 573px; z-index: 15;\">1,065<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 558px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 558px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 558px; z-index: 15;\">521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 543px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 543px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 543px; z-index: 15;\">365<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 528px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 528px; z-index: 15;\">222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 528px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 528px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Polish <span class=\"wsf6\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 513px; z-index: 15;\">274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 513px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 513px; z-index: 15;\">309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 498px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 498px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">244<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Czech Republic national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 469px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 469px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 469px; z-index: 15;\">105<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">US national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 561px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x28a h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 439px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 439px; z-index: 15;\">838<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 439px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 439px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 424px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 424px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 424px; z-index: 15;\">5,196<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 424px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 413px; height: 693px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 413px; height: 693px; width: 86%; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff271 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">table below sh<span class=\"_ _0\"></span>ows net unr<span class=\"_ _0\"></span>ealised<span class=\"_ _0\"></span> gains and los<span class=\"_ _0\"></span>ses on inv<span class=\"_ _0\"></span>estments av<span class=\"_ _2b\"></span>ailable for sale in<span class=\"_ _0\"></span>cluded in e<span class=\"_ _0\"></span>quity<span class=\"lsf4 ws10c\">. </span>Equit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>sec<span class=\"_ _0\"></span>urities a<span class=\"_ _2b\"></span>nd other investment<span class=\"_ _2b\"></span>s also </span></div>\n<div class=\"t m0 x7 h4f y803 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include p<span class=\"_ _0\"></span>rivate eq<span class=\"_ _0\"></span>uities a<span class=\"_ _0\"></span>nd venture c<span class=\"_ _0\"></span>apital.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">Available for sale <span class=\"_ _0\"></span><span class=\"lse4 wsf3\">investments in debt securi<span class=\"_ _0\"></span>ties:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1019px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 989px; z-index: 15;\">(3,277)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">6,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 974px; z-index: 15;\">752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 974px; z-index: 15;\">(1,586)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 959px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 959px; z-index: 15;\">(2,251)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 945px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 945px; z-index: 15;\">652<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 930px; z-index: 15;\">(2,422)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 930px; z-index: 15;\">3,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 884px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 884px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in equity securities and ot<span class=\"_ _0\"></span>her investments:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 854px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 854px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 824px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 824px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 809px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 809px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 809px; z-index: 15;\">(134)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 795px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 795px; z-index: 15;\">(99)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 795px; z-index: 15;\">(756)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 780px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 xd2 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 780px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 780px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 765px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 765px; z-index: 15;\">505<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 765px; z-index: 15;\">477<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18ad ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18ae ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18af ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The chan<span class=\"_ _2b\"></span>ges in impairm<span class=\"_ _0\"></span>ents of i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts ava<span class=\"_ _0\"></span>ilable f<span class=\"_ _2b\"></span>or sale are as fo<span class=\"_ _0\"></span>llows<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18b0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 686px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 686px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff273 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 656px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 656px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 656px; z-index: 15;\">(336)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 641px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y638 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 626px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 611px; z-index: 15;\">(117)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 611px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 596px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 581px; z-index: 15;\">Reversal on sale/disposal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 581px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 581px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 567px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 567px; z-index: 15;\">2</div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 567px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 552px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 541px; height: 565px; width: 84%; z-index: 7;\"><br/></div>\n\n\n<div class=\"t m0 x7 h6a y18b8 ff275 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.3</span> </div>\n<div class=\"t m0 x7 h6a y18b9 ff275 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Investm<span class=\"_ _0\"></span>ents held<span class=\"_ _0\"></span> at fair value throug<span class=\"_ _0\"></span>h profit<span class=\"_ _0\"></span> or loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 457px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 457px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 457px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 427px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 412px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 412px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 412px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 397px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 397px; z-index: 15;\">1</div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 397px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 382px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 382px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 353px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 353px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 353px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 338px; z-index: 15;\">Other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 338px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 338px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 323px; z-index: 15;\">Equity securities and other in<span class=\"_ _2b\"></span>v<span class=\"_ _2\"></span>estments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 323px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 323px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff273 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 308px; z-index: 15;\">Total <span class=\"_ _2b\"></span>investments<span class=\"_ _0\"></span> held<span class=\"_ _0\"></span> at fair<span class=\"_ _2b\"></span> value thr<span class=\"_ _0\"></span>ough <span class=\"_ _0\"></span>profit<span class=\"_ _0\"></span> or los<span class=\"_ _2b\"></span>s<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 308px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 308px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18bf ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c1 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments hel<span class=\"_ _2b\"></span>d at fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh profit o<span class=\"_ _2b\"></span>r loss include <span class=\"_ _0\"></span>primar<span class=\"_ _0\"></span>ily</div>\n<div class=\"t m0 x7 h4f y18c2 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents related t<span class=\"_ _0\"></span>o insura<span class=\"_ _0\"></span>nce liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s where c<span class=\"_ _2b\"></span>ash flows are l<span class=\"_ _0\"></span>inked</div>\n<div class=\"t m0 x7 h4f y18c3 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the p<span class=\"_ _0\"></span>erforma<span class=\"_ _0\"></span>nce of t<span class=\"_ _0\"></span>hese ass<span class=\"_ _0\"></span>ets, ei<span class=\"_ _0\"></span>ther co<span class=\"_ _0\"></span>ntractu<span class=\"_ _0\"></span>ally or o<span class=\"_ _0\"></span>n the bas<span class=\"_ _2b\"></span>is</div>\n<div class=\"t m0 x7 h4f y18c4 ff271 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of discret<span class=\"_ _2\"></span>ionary participation a<span class=\"_ _2\"></span>nd whose measuremen<span class=\"_ _2\"></span>t incorporates</div>\n<div class=\"t m0 x7 h4f y18c5 ff271 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">current informa<span class=\"_ _2\"></span>tion. This measurement signi<span class=\"_ _2\"></span>f<span class=\"lse0 wsf0\">ica<span class=\"_ _0\"></span>ntly reduc<span class=\"_ _2b\"></span>es an </span></div>\n<div class=\"t m0 x7 h4f y18c6 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mism<span class=\"_ _2b\"></span>atch that woul<span class=\"_ _2b\"></span>d otherwise ar<span class=\"_ _0\"></span>ise fro<span class=\"_ _0\"></span>m measur<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>ets</div>\n<div class=\"t m0 x7 h4f y18c7 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and liabi<span class=\"_ _0\"></span>lities an<span class=\"_ _0\"></span>d the relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>gain<span class=\"_ _0\"></span>s and losses<span class=\"_ _0\"></span> on differe<span class=\"_ _2b\"></span>nt bases.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18c8 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Other in<span class=\"_ _0\"></span>vestme<span class=\"_ _2b\"></span>nts held at fair<span class=\"_ _0\"></span> value th<span class=\"_ _2b\"></span>rough profit o<span class=\"_ _0\"></span>r loss rel<span class=\"_ _2b\"></span>ate to</div>\n<div class=\"t m0 x1a h4f y18c9 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents in the pro<span class=\"_ _2b\"></span>perty f<span class=\"lse2 wsf1\">und. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18ca ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The nomin<span class=\"_ _0\"></span>al value of t<span class=\"_ _0\"></span>he debt secu<span class=\"_ _0\"></span>rities hel<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>at fai<span class=\"_ _0\"></span>r value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it</div>\n<div class=\"t m0 x1a h4f y18cb ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or loss as at <span class=\"wsef\">31<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsfa\">2022 is EUR<span class=\"_ _2\"></span></span> <span class=\"lse2 wsfa\">139 million (<span class=\"_ _2\"></span>31</span> </span>Decem<span class=\"_ _2b\"></span>ber<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">202<span class=\"_ _2\"></span>1: </span></span></span></div>\n<div class=\"t m0 x1a h4f y18cc ff271 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">133<span class=\"_ _2\"></span></span> <span class=\"ls102 ws11d\">million).</span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 156px; height: 358px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 156px; height: 950px; width: 86%; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments held at f<span class=\"_ _0\"></span>air valu<span class=\"_ _2b\"></span>e through <span class=\"wsf0\">prof<span class=\"_ _0\"></span>it or loss is ba<span class=\"_ _0\"></span>sed on:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 1</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsfa\">quote<span class=\"_ _0\"></span>d prices i<span class=\"_ _2b\"></span>n active market<span class=\"_ _2b\"></span>s;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 2</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et data in act<span class=\"_ _0\"></span>ive mark<span class=\"_ _0\"></span>ets;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 3</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse2 wsf1\">non</span>-<span class=\"lse0 wsf0\">observabl<span class=\"_ _0\"></span>e inputs (c<span class=\"_ _0\"></span>ounterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _2b\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y807 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation at year<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">end is<span class=\"_ _0\"></span> as follow<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 986px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 986px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 986px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 986px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y601 ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 986px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 956px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 941px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 926px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 911px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 896px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 896px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 896px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 896px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 896px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff27c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total Investments held at<span class=\"_ _0\"></span> fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 867px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 867px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 867px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 867px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 867px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18d7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18d8 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 820px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 820px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 820px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 820px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 820px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 789px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 774px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5fc ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 745px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 730px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 730px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 730px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 730px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 730px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27c fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Total Investments held at <span class=\"lsef ws102\">fair valu<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 460px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 633px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 720px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 700px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 700px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 700px; z-index: 15;\">206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 700px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 700px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 689px; height: 338px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 689px; height: 417px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 689px; height: 417px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Su<span class=\"_ _2\"></span>bordin<span class=\"_ _2\"></span>a<span class=\"_ _2b\"></span>ted<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">liabilit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x66 h52 y1550 ff30b fs3c fc10 sc0 lsec ws100\" style=\"left: 550px; bottom: 816px; z-index: 15;\">31 Dec<span class=\"_ _2\"></span>em<span class=\"lse4 wsf3\">ber 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y1550 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff30b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Issued by Ageasfinlux S.A.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y608 ff30d fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y608 ff30d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">FRESH Restricted Tier 1 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 786px; z-index: 15;\">151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 786px; z-index: 15;\">384<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Issued by <span class=\"ls0 ws0\">A</span><span class=\"wsf4\">geas <span class=\"lse6 wsf7\">SA/NV<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x16 h52 y5f9 ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5f9 ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Perpetual Subordinated Fixed Rate Resettable Temporary Write<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">Down Restricted<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x16 h52 y60e ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y60e ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsec ws100\">Ti<span class=\"_ _2\"></span>er 1 Notes</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 741px; z-index: 15;\">744<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 741px; z-index: 15;\">744<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Subordinated Fixed to <span class=\"wsf3\">Floating Rate Tie<span class=\"_ _0\"></span>r 2 Notes<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 727px; z-index: 15;\">991<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 727px; z-index: 15;\">989<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff30b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Issued by AG Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5fc ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5fc ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff30b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Subordinated Fixed to <span class=\"_ _0\"></span>Floating Rate Tier 2 Lo<span class=\"_ _0\"></span>an<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 697px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 697px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Fixed Rate Reset Dated Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 682px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 682px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Fixed to Floating Callable Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 667px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 667px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff30b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Issued by Millenniumbcp Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y180c ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y180c ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Fixed to Floating Rate Callable Subordinated Restricted Tier 1 Loan<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 637px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff30e fs3c fc10 sc0 lse8 wsf9\" style=\"left: 69px; bottom: 623px; z-index: 15;\">Total subordinated liabi<span class=\"_ _2\"></span>lities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y603 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 623px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y603 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 623px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c16 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c17 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 576px; z-index: 15;\"> </div>\n<div class=\"t m0 x45 h52 y605 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 549px; bottom: 576px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 576px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff30e fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff30e fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y603 ff30d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff30e fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 545px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y5f2 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 545px; z-index: 15;\">2,758<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Proceeds from <span class=\"lsef ws10a\">issua<span class=\"_ _2\"></span>nce<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y632 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y632 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Redemption<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 515px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5f2 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 515px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 500px; z-index: 15;\">Realised Gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 ydd0 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 ydd0 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 486px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span><span class=\"wsf6\">(see 20.1 below for more details)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 486px; z-index: 15;\">(231)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 486px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff30e fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 471px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 471px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y60e ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 471px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c18 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c19 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c1a ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Most of the out<span class=\"_ _2b\"></span>standing subor<span class=\"_ _2b\"></span>dinated liabil<span class=\"_ _0\"></span>ities as at 31 D<span class=\"_ _0\"></span>ecember 2<span class=\"_ _0\"></span>022 are posit<span class=\"_ _2b\"></span>ions with a maturity<span class=\"_ _0\"></span> of more tha<span class=\"_ _0\"></span>n 5 years.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c1b ff30f fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c1c ff30f fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">FRESH Grandfathere<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\"> <span class=\"ls101 ws11b\">Restricted Tier 1 Notes</span> </span></div>\n<div class=\"t m0 x7 h4f y1c1d ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 7 May 2002,<span class=\"_ _0\"></span> Ageasfi<span class=\"_ _0\"></span>nlux S.A. i<span class=\"_ _0\"></span>ssued und<span class=\"_ _0\"></span>ated Flo<span class=\"_ _0\"></span>ating Rat<span class=\"_ _0\"></span>e Equity<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1c1e ff30b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">linked S<span class=\"_ _0\"></span>ubordi<span class=\"_ _0\"></span>nated Hy<span class=\"_ _2b\"></span>brid capital s<span class=\"_ _2b\"></span>ecurities (FR<span class=\"_ _0\"></span>ESH) for <span class=\"_ _2b\"></span>a to<span class=\"lsfc ws115\">tal<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1c1f ff30b fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">principal am<span class=\"_ _2\"></span>ount of EUR<span class=\"ls0 ws0\"> </span><span class=\"ws103\">1,250<span class=\"_ _2\"></span> million at a floating rate<span class=\"_ _2\"></span> of 3<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">mont<span class=\"_ _0\"></span>h </span></span></span></div>\n<div class=\"t m0 x7 h4f y1c20 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Euribor + 1<span class=\"_ _0\"></span>35 basis poi<span class=\"_ _2b\"></span>nts. The securiti<span class=\"_ _2b\"></span>es have no maturity<span class=\"_ _0\"></span> date, but</div>\n<div class=\"t m0 x7 h4f y1c21 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">may be exch<span class=\"_ _0\"></span>anged<span class=\"_ _0\"></span> for Ageas sha<span class=\"_ _0\"></span>res at a price of E<span class=\"_ _0\"></span>UR 315 per s<span class=\"_ _0\"></span>hare at</div>\n<div class=\"t m0 x7 h4f y1c22 ff30b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the discretion<span class=\"_ _2\"></span> of the holder. The securities<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">wil<span class=\"_ _0\"></span>l automat<span class=\"_ _2b\"></span>ically convert int<span class=\"_ _0\"></span>o </span></div>\n<div class=\"t m0 x7 h4f y1c23 ff30b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas shares i<span class=\"_ _2\"></span>f the price of the Ageas share<span class=\"_ _2\"></span> is equal to or higher than</div>\n<div class=\"t m0 x7 h4f y1c24 ff30b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EUR 472.<span class=\"_ _2b\"></span>50 on twenty c<span class=\"_ _2b\"></span>onsecutive st<span class=\"_ _0\"></span>ock exch<span class=\"_ _0\"></span>ange bus<span class=\"_ _0\"></span>iness da<span class=\"_ _2b\"></span>ys. The</div>\n<div class=\"t m0 x7 h4f y1c25 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies qualif<span class=\"_ _0\"></span>y as Grandf<span class=\"_ _2b\"></span>athered Tier 1 capit<span class=\"_ _2b\"></span>al under Solvency<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">II and </span></span></div>\n<div class=\"t m0 x7 h4f y1c26 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are rated A<span class=\"_ _0\"></span><span class=\"ls0 ws0\">- <span class=\"lse2 wsfa\">by<span class=\"_ _2\"></span> Standard &amp; Poor\u2019<span class=\"_ _2\"></span>s, Baa2 by Moody\u2019<span class=\"_ _2\"></span>s and BBB by Fi<span class=\"_ _2\"></span>tch.</span> </span></div>\n<div class=\"t m0 x7 h4f y1c27 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c28 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The secur<span class=\"_ _0\"></span>ities wer<span class=\"_ _0\"></span>e issued by A<span class=\"_ _0\"></span>geasfinl<span class=\"_ _2b\"></span>ux S.A., with <span class=\"lse2 wsf1\">Ageas <span class=\"ls107 ws122\">SA/NV </span></span></div>\n<div class=\"t m0 x1a h4f y1c29 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">acting as c<span class=\"_ _0\"></span>o<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">obligor. The<span class=\"_ _2\"></span> principal amount of the sec<span class=\"_ _2\"></span>urities will not be </span></span></div>\n<div class=\"t m0 x1a h4f y1c2a ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">repaid in ca<span class=\"_ _0\"></span>sh. The so<span class=\"_ _0\"></span>le recours<span class=\"_ _0\"></span>e of the hold<span class=\"_ _0\"></span>ers of the FR<span class=\"_ _0\"></span>ES<span class=\"lse2 wsfa\">H against </span></div>\n<div class=\"t m0 x1a h4f y1c2b ff30b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the co<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">obligors with res<span class=\"_ _2b\"></span>pect to the princip<span class=\"_ _0\"></span>al amount ar<span class=\"_ _0\"></span>e the <span class=\"lse2 wsf1\">currently </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c2c ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding 1.2 <span class=\"ls102 ws11d\">million<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">Ageas share<span class=\"_ _2\"></span>s that Ageasfinlux</span> </span></span>S.A. pledged in</div>\n<div class=\"t m0 x1a h4f y1c2d ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">favour of s<span class=\"_ _0\"></span>uch hold<span class=\"_ _0\"></span>ers. Pendi<span class=\"_ _2b\"></span>ng the exchange of the F<span class=\"_ _0\"></span>RESH for Ag<span class=\"_ _2b\"></span>eas</div>\n<div class=\"t m0 x1a h4f y1c2e ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shares, t<span class=\"_ _0\"></span>hese Age<span class=\"_ _0\"></span>as shares do not<span class=\"_ _0\"></span> hav<span class=\"wsfa\">e any <span class=\"_ _2b\"></span>dividend right<span class=\"_ _2b\"></span>s or voting </span></div>\n<div class=\"t m0 x1a h4f y1c2f ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rights (th<span class=\"_ _2b\"></span>e reported number of<span class=\"_ _0\"></span> outstan<span class=\"_ _0\"></span>ding Age<span class=\"_ _0\"></span>as shares<span class=\"_ _0\"></span> as at</div>\n<div class=\"t m0 x1a h4f y1c30 ff30b fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span>Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">2022 alrea<span class=\"_ _0\"></span>dy includ<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>the 1.<span class=\"_ _2b\"></span>2<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion</span> <span class=\"lse2 ws103\">Ageas shar<span class=\"_ _2\"></span>es issued </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c31 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for the pur<span class=\"_ _0\"></span>pose of such ex<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 161px; height: 800px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the ev<span class=\"_ _0\"></span>ent that <span class=\"_ _2b\"></span>dividends ar<span class=\"_ _0\"></span>e not pa<span class=\"_ _0\"></span>id on th<span class=\"_ _0\"></span>e Ageas s<span class=\"_ _0\"></span>hares, <span class=\"_ _0\"></span>or that t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y803 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds to be decla<span class=\"_ _2b\"></span>red are below a thres<span class=\"_ _0\"></span>hold wit<span class=\"_ _0\"></span>h respect to any<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al year (div<span class=\"_ _2b\"></span>idend yield less th<span class=\"_ _0\"></span>an 0.5%) an<span class=\"_ _0\"></span>d in certain ot<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x7 h4f y805 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">exceptional ci<span class=\"_ _2\"></span>rcumstances, payment of coupon<span class=\"_ _2\"></span>s w<span class=\"wsfa\">ill be made in </span></div>\n<div class=\"t m0 x7 h4f y806 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">accorda<span class=\"_ _2b\"></span>nce with the so<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">cal<span class=\"_ _0\"></span>led alte<span class=\"_ _0\"></span>rnative co<span class=\"_ _0\"></span>upon sett<span class=\"_ _0\"></span>lement<span class=\"_ _0\"></span> method </span></div>\n<div class=\"t m0 x7 h4f y807 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(ACSM). The<span class=\"_ _2\"></span> ACSM implies tha<span class=\"_ _2\"></span>t new Ageas shares <span class=\"_ _2\"></span>will be issued <span class=\"_ _2\"></span>and</div>\n<div class=\"t m0 x7 h4f y808 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deliver<span class=\"_ _0\"></span>ed to the hol<span class=\"_ _0\"></span>ders of the FR<span class=\"_ _0\"></span>ESH. To dat<span class=\"_ _0\"></span>e all coupo<span class=\"_ _0\"></span>ns have be<span class=\"_ _0\"></span>en</div>\n<div class=\"t m0 x7 h4f y809 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">paid in c<span class=\"_ _0\"></span>ash. If t<span class=\"_ _2b\"></span>he ACSM is tri<span class=\"_ _2b\"></span>ggered <span class=\"wsf0\">and there is i<span class=\"_ _0\"></span>nsuffi<span class=\"_ _0\"></span>cient avai<span class=\"_ _0\"></span>lable </span></div>\n<div class=\"t m0 x7 h4f y80a ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">authoris<span class=\"_ _2b\"></span>ed capital to e<span class=\"_ _0\"></span>nable <span class=\"lse2 wsf1\">Ageas <span class=\"wsfa\">SA/NV to mee<span class=\"_ _2\"></span>t the ACSM obligation<span class=\"_ _2\"></span>, </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cou<span class=\"_ _0\"></span>pon sett<span class=\"_ _0\"></span>lement w<span class=\"_ _2b\"></span>ill be postpon<span class=\"_ _0\"></span>ed until s<span class=\"_ _2b\"></span>uch time as the <span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> to</div>\n<div class=\"t m0 x7 h4f y80c ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">issue sh<span class=\"_ _0\"></span>ares is r<span class=\"_ _2b\"></span>estor<span class=\"lse2 wsf1\">ed.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y80d ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80e ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 19 No<span class=\"_ _0\"></span>vember <span class=\"_ _0\"></span>2019 Ag<span class=\"_ _0\"></span>eas launc<span class=\"_ _2b\"></span>hed, through <span class=\"_ _0\"></span>its whol<span class=\"_ _0\"></span>ly owne<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y80f ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subsidi<span class=\"_ _0\"></span>ary Agea<span class=\"_ _2b\"></span>sfinlux S.A., <span class=\"_ _0\"></span>an offe<span class=\"_ _0\"></span>r to purc<span class=\"_ _2b\"></span>hase in cash an<span class=\"_ _0\"></span>y and al<span class=\"_ _0\"></span>l of</div>\n<div class=\"t m0 x7 h4f y810 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the outst<span class=\"_ _0\"></span>anding FR<span class=\"_ _0\"></span>ESH secu<span class=\"_ _0\"></span>rities. A<span class=\"_ _0\"></span>geasfi<span class=\"_ _0\"></span>nlux S.A. si<span class=\"_ _2b\"></span>multaneously</div>\n<div class=\"t m0 x7 h4f y90a ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">launched a conse<span class=\"_ _2\"></span>nt solicitation to permit<span class=\"_ _2\"></span> the purchase of the FRESH</div>\n<div class=\"t m0 x7 h4f y90b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies. Co<span class=\"_ _0\"></span>nsent of <span class=\"_ _2b\"></span>at least a majo<span class=\"_ _0\"></span>rity of th<span class=\"_ _2b\"></span>e aggregate pri<span class=\"_ _2b\"></span>ncipal</div>\n<div class=\"t m0 x7 h4f y90c ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the FR<span class=\"_ _2b\"></span>ESH outstand<span class=\"_ _0\"></span>ing was<span class=\"_ _0\"></span> necess<span class=\"_ _0\"></span>ary for t<span class=\"_ _0\"></span>he prop<span class=\"_ _2b\"></span>osed</div>\n<div class=\"t m0 x7 h4f y90d ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ent to th<span class=\"_ _2b\"></span>e conditions of<span class=\"_ _0\"></span> the FRE<span class=\"_ _2b\"></span>SH to be adopt<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90e ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90f ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 3 January 2020,<span class=\"_ _2\"></span> Ageas announced that in to<span class=\"_ _2\"></span>tal 65.50<span class=\"lsfd ws116\">% </span></div>\n<div class=\"t m0 x7 h4f y910 ff312 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">(EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">818<span class=\"_ _2\"></span>,750,000) of the<span class=\"_ _2\"></span> aggregate principal<span class=\"_ _2\"></span> amount of the F<span class=\"_ _2\"></span>RESH </span></span></div>\n<div class=\"t m0 x7 h4f y911 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">securities <span class=\"_ _2\"></span>outstanding were tende<span class=\"_ _2\"></span>red and accepted<span class=\"_ _2\"></span> for purchase.</div>\n<div class=\"t m0 x7 h4f y912 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subsequently<span class=\"_ _2\"></span>, at the beginning<span class=\"_ _2\"></span> of Q2 2020 Agea<span class=\"_ _2\"></span>s purchased FRESH</div>\n<div class=\"t m0 x7 h4f y913 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">securities <span class=\"_ _2\"></span>representing an agg<span class=\"_ _2\"></span>regate principal am<span class=\"_ _2\"></span>ount of EUR</div>\n<div class=\"t m0 x7 h4f y914 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">47,250,<span class=\"_ _0\"></span>000 follo<span class=\"_ _0\"></span>wing a revers<span class=\"_ _2b\"></span>e inquiry by a third<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">part<span class=\"_ _2b\"></span>y holder. All th<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y915 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">purchased F<span class=\"_ _2\"></span>RESH securities in 2<span class=\"_ _2\"></span>020 were exchanged<span class=\"_ _2\"></span> into 2,749,206</div>\n<div class=\"t m0 x7 h4f y916 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">underlying s<span class=\"_ _2\"></span>hares of <span class=\"wsf1\">Ageas </span>SA<span class=\"_ _2\"></span>/NV. These shares <span class=\"_ _2\"></span>are recognised on<span class=\"_ _2\"></span> the</div>\n<div class=\"t m0 x7 h4f y917 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Group\u2019s balan<span class=\"_ _2\"></span>ce sheet as treasury shares<span class=\"_ _2\"></span> and are n<span class=\"lse0 wsf0\">ot entit<span class=\"_ _2b\"></span>led to </span></div>\n<div class=\"t m0 x7 h4f y918 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds or votin<span class=\"_ _0\"></span>g rights.<span class=\"_ _0\"></span> The total n<span class=\"_ _0\"></span>umber of out<span class=\"_ _0\"></span>standi<span class=\"_ _2b\"></span>ng shares of</div>\n<div class=\"t m0 x7 h4f y919 ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV as an effect <span class=\"_ _2\"></span>from the operation<span class=\"_ _2\"></span> remains unchanged.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y91a ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y91b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the co<span class=\"_ _0\"></span>urse of t<span class=\"_ _2b\"></span>he fourth qua<span class=\"_ _0\"></span>rter of 20<span class=\"_ _0\"></span>22, <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span></span><span class=\"wsf0\">SA/NV ac<span class=\"_ _2b\"></span>quired an </span></div>\n<div class=\"t m0 x7 h4f y91c ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">aggregate p<span class=\"_ _2\"></span>rincipal amount o<span class=\"_ _2\"></span>f EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">233.25<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">mil<span class=\"_ _2\"></span>lion of FRESH<span class=\"_ _2\"></span> securities </span></span></span></div>\n<div class=\"t m0 x7 h4f y91d ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which we<span class=\"_ _0\"></span>re issued in 2<span class=\"_ _2b\"></span>002 by Ageasfinlux<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"ls107 ws11c\">S.A. The EU<span class=\"_ _2b\"></span>R<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2<span class=\"_ _2\"></span>33.25</span> <span class=\"ls102 ws11d\">million<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y91e ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of FRESH sec<span class=\"_ _2b\"></span>urities acquir<span class=\"_ _0\"></span>ed are curr<span class=\"_ _0\"></span>ently hel<span class=\"_ _0\"></span>d by <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">SA/NV<span class=\"_ _2\"></span> and </span></span></div>\n<div class=\"t m0 x7 h4f y91f ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have not yet<span class=\"_ _0\"></span> been exch<span class=\"_ _0\"></span>anged int<span class=\"_ _0\"></span>o Ageas shar<span class=\"_ _2b\"></span>es. Therefore as at</div>\n<div class=\"t m0 x7 h4f y920 ff312 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span>Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">2022 EUR</span> <span class=\"lse2 wsf1\">3<span class=\"_ _2\"></span>84</span> m<span class=\"lse2 wsfa\">illion in <span class=\"_ _2\"></span>aggregate principa<span class=\"_ _2\"></span>l amount </span></span></div>\n<div class=\"t m0 x7 h4f y921 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">remains out<span class=\"_ _2\"></span>standing at the l<span class=\"_ _2\"></span>evel of Ageasfin<span class=\"_ _2\"></span>lux<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">S.A. The EU<span class=\"_ _2b\"></span>R 233.25 </span></span></div>\n<div class=\"t m0 x7 h4f y922 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">million is<span class=\"_ _0\"></span> eliminat<span class=\"_ _2b\"></span>ed at Ageas group lev<span class=\"_ _0\"></span>el. Pleas<span class=\"_ _0\"></span>e refer to not<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span>32 for the</div>\n<div class=\"t m0 x7 h4f y923 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">resulti<span class=\"_ _0\"></span>ng impa<span class=\"_ _0\"></span>ct on th<span class=\"_ _0\"></span>e consoli<span class=\"_ _2b\"></span>dated income st<span class=\"_ _2b\"></span>atement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c3f ff314 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">20.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c40 ff314 fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls127 ws14c\">SA/NV Sub<span class=\"ls103 ws11f\">or<span class=\"_ _2\"></span>dinated <span class=\"_ _2\"></span>Fixed t<span class=\"_ _2\"></span>o Floati<span class=\"_ _2\"></span>ng Rate <span class=\"_ _2\"></span></span></span></span></div>\n<div class=\"t m0 x7 h6a y1c41 ff314 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Tier 2 <span class=\"_ _2\"></span>Notes <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c42 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 24 Nov<span class=\"_ _2\"></span>ember 2020 <span class=\"wsf1\">Ageas <span class=\"_ _2\"></span></span><span class=\"lse0\">SA/<span class=\"_ _2b\"></span>NV issued debt<span class=\"_ _0\"></span> securit<span class=\"_ _2b\"></span>ies in the for<span class=\"_ _0\"></span>m </span></div>\n<div class=\"t m0 x7 h4f y1c43 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of EUR 5<span class=\"_ _0\"></span>00 mill<span class=\"_ _0\"></span>ion Subo<span class=\"_ _0\"></span>rdinate<span class=\"_ _2b\"></span>d Fixed to Flo<span class=\"_ _0\"></span>ating Rat<span class=\"_ _2b\"></span>e Tier 2 Notes</div>\n<div class=\"t m0 x7 h4f y1c44 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">maturin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>in 205<span class=\"_ _0\"></span>1. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c45 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c46 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Notes h<span class=\"_ _0\"></span>ave a fixed co<span class=\"_ _0\"></span>upon rate of<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>1.87<span class=\"_ _0\"></span>5% payab<span class=\"_ _0\"></span>le a<span class=\"lse2 wsfa\">nnually until<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1c47 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the first re<span class=\"_ _0\"></span>set date (2<span class=\"_ _0\"></span>4 Novem<span class=\"_ _0\"></span>ber 2031). A<span class=\"_ _0\"></span>s of the first r<span class=\"_ _0\"></span>eset date,<span class=\"_ _0\"></span> the</div>\n<div class=\"t m0 x7 h4f y1c48 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">coupon become<span class=\"_ _2\"></span>s payable quarterly<span class=\"_ _2\"></span> at a 3<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">month Euribo<span class=\"_ _2b\"></span>r floating rate </span></span></div>\n<div class=\"t m0 x7 h4f y1c49 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed with an initial cred<span class=\"_ _0\"></span>it sprea<span class=\"_ _0\"></span>d and a 100 basi<span class=\"_ _0\"></span>s points st<span class=\"_ _0\"></span>ep<span class=\"ls0 ws0\">-</span><span class=\"wsef\">up. </span></div>\n<div class=\"t m0 x1a h4f y1c4a ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Note tha<span class=\"_ _0\"></span>t Ageas<span class=\"_ _0\"></span> at its <span class=\"_ _0\"></span>option<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">may ch<span class=\"_ _2b\"></span>oose to call the instr<span class=\"_ _0\"></span>ument as of<span class=\"_ _0\"></span> 24 </span></div>\n<div class=\"t m0 x1a h4f y1c4b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">May 2031,<span class=\"_ _2b\"></span> which is 6 mo<span class=\"_ _0\"></span>nths prio<span class=\"_ _0\"></span>r to the <span class=\"_ _0\"></span>first re<span class=\"_ _0\"></span>set dat<span class=\"_ _0\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c4c ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c4d ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The instr<span class=\"_ _0\"></span>ument qual<span class=\"_ _2b\"></span>ifies as Tier 2 capita<span class=\"_ _0\"></span>l for both Ag<span class=\"_ _0\"></span>eas Group a<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x1a h4f y1c4e ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV under Solvency I<span class=\"_ _2\"></span>I and is rated A<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> </span>by both S<span class=\"_ _2\"></span>tandard &amp; </span></div>\n<div class=\"t m0 x1a h4f y1c4f ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Poor\u2019s and Fitch<span class=\"_ _2\"></span>. T<span class=\"lse0 wsfa\">he ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span> is lis<span class=\"_ _2b\"></span>ted on the regu<span class=\"_ _0\"></span>lated ma<span class=\"_ _2b\"></span>rket of the </span></div>\n<div class=\"t m0 x1a h4f y1c50 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Luxembourg S<span class=\"_ _2\"></span>tock Exchange.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a yee5 ff314 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c51 ff314 fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls101 ws11b\">SA/NV Perpetual Subord<span class=\"_ _0\"></span>inated Fixed Rate </span></span></div>\n<div class=\"t m0 x1a h6a y1c52 ff314 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Resettable<span class=\"_ _0\"></span> Temporary Write<span class=\"ls0 ws0\">-<span class=\"ls127 ws14c\">Down Restr<span class=\"_ _2\"></span>icted Tier </span></span></div>\n<div class=\"t m0 x1a h6a y1c53 ff314 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">1 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yda4 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 10 Dec<span class=\"_ _2\"></span>ember 2019 <span class=\"wsf1\">Ageas <span class=\"_ _2\"></span><span class=\"ws103\">SA/NV issued subordinated deb<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f yda5 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">securities <span class=\"_ _2\"></span>for an aggregate<span class=\"_ _2\"></span> principal amount of <span class=\"_ _2\"></span>EUR 750 million i<span class=\"_ _2\"></span>n the</div>\n<div class=\"t m0 x1a h4f yda6 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">form of Per<span class=\"_ _0\"></span>petual S<span class=\"_ _0\"></span>ubordi<span class=\"_ _0\"></span>nated Fix<span class=\"_ _0\"></span>ed Rate Res<span class=\"_ _0\"></span>ettabl<span class=\"_ _0\"></span>e Tempora<span class=\"_ _0\"></span>ry Write<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1c54 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Down Rest<span class=\"_ _2b\"></span>ricted Tier 1 Notes. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c55 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c56 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">These not<span class=\"_ _0\"></span>es have a fix<span class=\"_ _0\"></span>ed coupon rat<span class=\"_ _2b\"></span>e of 3.875% payab<span class=\"_ _0\"></span>l<span class=\"lse2 ws103\">e annually with </span></div>\n<div class=\"t m0 x1a h4f y1c57 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reset in Jun<span class=\"_ _0\"></span>e 2030 (no st<span class=\"_ _0\"></span>ep<span class=\"ls0 ws0\">-</span>up) and eve<span class=\"_ _2b\"></span>ry 5 <span class=\"_ _2\"></span>yea<span class=\"_ _0\"></span>rs there<span class=\"_ _0\"></span>after. They<span class=\"_ _0\"></span> have</div>\n<div class=\"t m0 x1a h4f y1c58 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">no sched<span class=\"_ _2b\"></span>uled maturity <span class=\"_ _0\"></span>date an<span class=\"_ _0\"></span>d, exce<span class=\"_ _0\"></span>pt in cert<span class=\"_ _0\"></span>ain lim<span class=\"_ _0\"></span>ited cir<span class=\"_ _0\"></span>cumsta<span class=\"_ _0\"></span>nces,</div>\n<div class=\"t m0 x1a h4f y1c59 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">may not be<span class=\"_ _2\"></span> redeemed by <span class=\"wsf1\">Agea<span class=\"_ _2\"></span>s <span class=\"lse0 wsf0\">SA/NV b<span class=\"_ _0\"></span>efore the<span class=\"_ _0\"></span> six month pe<span class=\"_ _0\"></span>riod </span></span></div>\n<div class=\"t m0 x1a h4f y1c5a ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">precedi<span class=\"_ _0\"></span>ng June 20<span class=\"_ _0\"></span>30.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c5b ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c5c ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">They quali<span class=\"_ _2\"></span><span class=\"lse0\">fy<span class=\"_ _0\"></span> as rest<span class=\"_ _0\"></span>ricted T<span class=\"_ _0\"></span>ier 1 ca<span class=\"_ _0\"></span>pital fo<span class=\"_ _0\"></span>r both Ag<span class=\"_ _2b\"></span>eas Group and </span></div>\n<div class=\"t m0 x1a h4f y1c5d ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">SA/NV under So<span class=\"_ _2b\"></span>lvency II and are rate<span class=\"_ _0\"></span>d BBB+ by St<span class=\"_ _0\"></span>andard &amp; </span></span></div>\n<div class=\"t m0 x1a h4f y1c5e ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Poor\u2019s a<span class=\"_ _0\"></span>nd BBB b<span class=\"_ _2b\"></span>y Fitch. They <span class=\"_ _0\"></span>are list<span class=\"_ _2b\"></span>ed on the regul<span class=\"_ _2b\"></span>ated market of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y1c5f ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Luxembourg S<span class=\"_ _2\"></span>tock Exchange<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1c60 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c61 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The net proc<span class=\"_ _0\"></span>eeds from<span class=\"_ _0\"></span> the issua<span class=\"_ _0\"></span>nce o<span class=\"wsfa\">f this<span class=\"_ _0\"></span> instrum<span class=\"_ _2b\"></span>ent were used f<span class=\"_ _0\"></span>or </span></div>\n<div class=\"t m0 x1a h4f y1c62 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">general<span class=\"_ _0\"></span> corporat<span class=\"_ _2b\"></span>e purposes an<span class=\"_ _0\"></span>d to stre<span class=\"_ _0\"></span>ngthen t<span class=\"_ _2b\"></span>he regulatory <span class=\"_ _0\"></span>solve<span class=\"_ _0\"></span>ncy of</div>\n<div class=\"t m0 x1a h4f y1c63 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Ageas Group an<span class=\"_ _2\"></span>d its operating subsidiari<span class=\"_ _2\"></span>es, including by way of</div>\n<div class=\"t m0 x1a h4f y1c64 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">replacing the<span class=\"_ _2\"></span> FRESH securities that were tendered<span class=\"_ _2\"></span> as part of the offer</div>\n<div class=\"t m0 x1a h4f y1c65 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">launche<span class=\"_ _0\"></span>d by Ageas in 201<span class=\"_ _2b\"></span>9 (see 20.1).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c66 ff314 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">20.4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c67 ff314 fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls103 ws11f\">SA/NV S<span class=\"_ _2\"></span>ubordina<span class=\"_ _2\"></span>ted Fix<span class=\"_ _2\"></span>ed to F<span class=\"_ _2\"></span>loating <span class=\"_ _2\"></span>Rate </span></span></div>\n<div class=\"t m0 x1a h6a y1c68 ff314 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Tier 2 <span class=\"_ _2\"></span>Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c69 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 10 Apr<span class=\"_ _0\"></span>il 2019 <span class=\"_ _0\"></span><span class=\"lse2 wsf1\">Ageas <span class=\"ws103\">SA<span class=\"_ _2\"></span>/NV issued its inaugural debt se<span class=\"_ _2\"></span>curities in </span></span></div>\n<div class=\"t m0 x1a h4f y1c6a ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the form of EU<span class=\"_ _0\"></span>R 500 milli<span class=\"_ _2b\"></span>on Subordinated F<span class=\"_ _0\"></span>ixed to Flo<span class=\"_ _0\"></span>ating Rat<span class=\"_ _0\"></span>e Tier 2</div>\n<div class=\"t m0 x1a h4f y1c6b ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Notes mat<span class=\"_ _0\"></span>uring in 204<span class=\"_ _2b\"></span>9.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c6c ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c6d ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">These not<span class=\"_ _0\"></span>es have a fix<span class=\"_ _0\"></span>ed coupon rat<span class=\"_ _2b\"></span>e of 3.25% payabl<span class=\"_ _0\"></span>e annually<span class=\"_ _0\"></span> until</div>\n<div class=\"t m0 x1a h4f y1c6e ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the first<span class=\"_ _0\"></span> call d<span class=\"_ _0\"></span>ate (2 J<span class=\"_ _0\"></span>uly 202<span class=\"_ _0\"></span>9). As of t<span class=\"_ _2b\"></span>he first call da<span class=\"_ _0\"></span>te, the c<span class=\"_ _2b\"></span>oupon</div>\n<div class=\"t m0 x1a h4f y1c6f ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">becomes<span class=\"_ _0\"></span> payable qu<span class=\"_ _0\"></span>arterly at<span class=\"_ _0\"></span> a 3<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">month Euri<span class=\"_ _0\"></span>bor float<span class=\"_ _2b\"></span>ing rate incre<span class=\"_ _2b\"></span>ased </span></div>\n<div class=\"t m0 x1a h4f y1c70 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with an init<span class=\"_ _2b\"></span>ial credit spread an<span class=\"_ _2b\"></span>d a 100 bas<span class=\"lse1 ws11d\">is points step<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">up.</span> </span></span></div>\n<div class=\"t m0 x1a h4f y1c71 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c72 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This inst<span class=\"_ _0\"></span>rument qu<span class=\"_ _0\"></span>alifies as T<span class=\"_ _0\"></span>ier 2 capita<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>for bo<span class=\"_ _0\"></span>th Ageas Gr<span class=\"_ _2b\"></span>oup and</div>\n<div class=\"t m0 x1a h4f y1c73 ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV under Solvency I<span class=\"_ _2\"></span>I and is rated A<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> </span>by both S<span class=\"_ _2\"></span>tandard &amp; </span></div>\n<div class=\"t m0 x1a h4f y1c74 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Poor\u2019s and Fitch<span class=\"_ _2\"></span>. It is listed on the regulate<span class=\"_ _2\"></span>d market of the Luxembourg</div>\n<div class=\"t m0 x1a h4f y1c75 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Stock Exchan<span class=\"_ _2\"></span>ge<span class=\"ls0 ws0\">.  </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 235px; height: 871px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff318 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">AG Insurance Subordinated Fixed to Floating Rate</div>\n<div class=\"t m0 x7 h6a y1c77 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Tier 2 <span class=\"_ _2\"></span>Loan<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c78 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 27 June 20<span class=\"_ _0\"></span>19, Ageas a<span class=\"_ _0\"></span>nd BNP Par<span class=\"_ _0\"></span>ibas Card<span class=\"_ _0\"></span>if grant<span class=\"_ _0\"></span>ed a EUR 300</div>\n<div class=\"t m0 x7 h4f y1c79 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million (A<span class=\"_ _2\"></span>geas: EUR 225 million<span class=\"_ _2\"></span>; BNP Paribas Ca<span class=\"_ _2\"></span>rdif: EUR 75 million<span class=\"_ _2\"></span>)</div>\n<div class=\"t m0 x7 h4f y1c7a ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subordi<span class=\"_ _0\"></span>nated loa<span class=\"_ _0\"></span>n to AG Insur<span class=\"_ _0\"></span>ance at an int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>e of 3.25% as a</div>\n<div class=\"t m0 x7 h4f y1c7b ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partial re<span class=\"_ _2b\"></span>placement for the US<span class=\"_ _2b\"></span>D 550 million notes<span class=\"_ _0\"></span> which had bee<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y1c7c ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">redeem<span class=\"_ _0\"></span>ed in Marc<span class=\"_ _2b\"></span>h 2019. The int<span class=\"_ _2b\"></span>ercompany loan <span class=\"_ _0\"></span>betwee<span class=\"_ _0\"></span>n Ageas a<span class=\"_ _2b\"></span>nd</div>\n<div class=\"t m0 x7 h4f y1c7d ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Insura<span class=\"_ _2b\"></span>nce is eliminated at Ag<span class=\"_ _2b\"></span>eas group level. Th<span class=\"_ _0\"></span>e loan may be<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y1c7e ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">repaid at t<span class=\"_ _0\"></span>he opti<span class=\"wsfa\">on o<span class=\"_ _0\"></span>f AG Ins<span class=\"_ _0\"></span>urance,<span class=\"_ _2b\"></span> in whole but n<span class=\"_ _0\"></span>ot in part,<span class=\"_ _0\"></span> on the f<span class=\"_ _2b\"></span>irst </span></div>\n<div class=\"t m0 x7 h4f y1c7f ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">call date at 2<span class=\"_ _2b\"></span>7 <span class=\"_ _2\"></span>Jun<span class=\"_ _0\"></span>e 2029 or at any in<span class=\"_ _0\"></span>terest pay<span class=\"_ _2b\"></span>ment date thereaf<span class=\"_ _0\"></span>ter. On</div>\n<div class=\"t m0 x7 h4f y1c80 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">their first<span class=\"_ _0\"></span> call date<span class=\"_ _0\"></span> the Notes w<span class=\"_ _0\"></span>ill bear inte<span class=\"_ _0\"></span>rest at a flo<span class=\"_ _0\"></span>ating rat<span class=\"_ _0\"></span>e of 3</div>\n<div class=\"t m0 x7 h4f y1c81 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">month Euribor<span class=\"_ _2\"></span> plus 3.800% per<span class=\"_ _2\"></span> annum, payable q<span class=\"_ _2\"></span>uar<span class=\"lsfc ws115\">terly.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y1c82 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c83 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">AG Insuran<span class=\"_ _2\"></span>ce Fixed Rate Reset <span class=\"_ _2\"></span>Dated</div>\n<div class=\"t m0 x7 h6a y1c84 ff318 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yef4 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 31 Marc<span class=\"_ _2b\"></span>h 2015, AG Ins<span class=\"_ _2b\"></span>urance issued E<span class=\"_ _0\"></span>UR 400 m<span class=\"_ _2b\"></span>illion Fixed R<span class=\"_ _0\"></span>ate</div>\n<div class=\"t m0 x7 h4f yef5 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Reset Dat<span class=\"_ _0\"></span>ed Subor<span class=\"_ _2b\"></span>dinated Tier 2 Secur<span class=\"_ _0\"></span>ities du<span class=\"_ _0\"></span>e 2047 at an inte<span class=\"_ _0\"></span>rest rate</div>\n<div class=\"t m0 x7 h4f y1c85 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of 3.5% and w<span class=\"_ _0\"></span>ith a maturit<span class=\"_ _0\"></span>y of 32 year<span class=\"_ _0\"></span>s. The securit<span class=\"_ _2b\"></span>ies may be</div>\n<div class=\"t m0 x7 h4f y1c86 ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">redeemed at the<span class=\"_ _2\"></span> option of AG<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Insuranc<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>in wh<span class=\"_ _0\"></span>ole but not<span class=\"_ _0\"></span> in part, on the </span></span></div>\n<div class=\"t m0 x7 h4f y1c87 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">first cal<span class=\"_ _0\"></span>l date at 30 June 2<span class=\"_ _0\"></span>027 or at any<span class=\"_ _0\"></span> interest pa<span class=\"_ _0\"></span>yment dat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>ereafter.<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y1c88 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On the f<span class=\"_ _0\"></span>irst cal<span class=\"_ _0\"></span>l date an<span class=\"_ _0\"></span>d on eac<span class=\"_ _0\"></span>h fifth an<span class=\"_ _0\"></span>nivers<span class=\"_ _0\"></span>ary of t<span class=\"_ _0\"></span>he first <span class=\"_ _0\"></span>call dat<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y1c89 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the int<span class=\"_ _0\"></span>erest <span class=\"wsf0\">rat<span class=\"_ _0\"></span>e will be reset<span class=\"_ _0\"></span> equal to t<span class=\"_ _0\"></span>he sum of the fiv<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>year e<span class=\"_ _2b\"></span>uro mid </span></div>\n<div class=\"t m0 x7 h4f y1c8a ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">swap rat<span class=\"_ _0\"></span>e plus 3.<span class=\"_ _2b\"></span>875%. The Note<span class=\"_ _0\"></span>s are lis<span class=\"_ _0\"></span>ted on t<span class=\"_ _2b\"></span>he Luxembourg <span class=\"_ _2b\"></span>Stock</div>\n<div class=\"t m0 x7 h4f y1c8b ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Exchange and<span class=\"_ _2\"></span> qualify as Tier<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span><span class=\"lse0\">2 capi<span class=\"_ _0\"></span>tal und<span class=\"_ _0\"></span>er Solv<span class=\"_ _0\"></span>ency II.<span class=\"_ _0\"></span> They are <span class=\"_ _0\"></span>rated </span></div>\n<div class=\"t m0 x7 h4f y1c8c ff316 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A- <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">by both Standard<span class=\"_ _2\"></span> &amp; Poor\u2019s and <span class=\"_ _2\"></span>Fitch.</span> </div>\n<div class=\"t m0 x1a h6a y79c ff318 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">20.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y79d ff318 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2\"></span><span class=\"ls10c ws12f\">ance F<span class=\"_ _2\"></span>ixed<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls101 ws11b\">to Floating Callable<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span></span></span></span></div>\n<div class=\"t m0 x1a h6a y1c77 ff318 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c78 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 18 Dec<span class=\"_ _2\"></span>ember 2013, AG In<span class=\"_ _2\"></span>surance issued EUR 45<span class=\"_ _2\"></span>0 million Fixed<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">to</span>-</span></div>\n<div class=\"t m0 x1a h4f y1c79 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Floati<span class=\"_ _0\"></span>ng Callab<span class=\"_ _0\"></span>le Subordi<span class=\"_ _0\"></span>nated Ti<span class=\"_ _0\"></span>er 2 Notes due 2<span class=\"_ _0\"></span>044 at an inter<span class=\"_ _2b\"></span>est rate</div>\n<div class=\"t m0 x1a h4f y1c7a ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of 5.25% and w<span class=\"_ _0\"></span>ith a matur<span class=\"_ _0\"></span>ity of 31 ye<span class=\"_ _0\"></span>ars. The not<span class=\"_ _0\"></span>es may be <span class=\"lse2 wsf1\">redeemed </span></div>\n<div class=\"t m0 x1a h4f y1c7b ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the o<span class=\"_ _0\"></span>ption of A<span class=\"_ _2b\"></span>G Insurance, i<span class=\"_ _0\"></span>n whole b<span class=\"_ _2b\"></span>ut not in part, <span class=\"_ _0\"></span>on the f<span class=\"_ _0\"></span>irst cal<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x1a h4f y1c7c ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date at 18 Jun<span class=\"_ _0\"></span>e 2024 or at any i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> payment da<span class=\"_ _0\"></span>te there<span class=\"_ _0\"></span>after. On</div>\n<div class=\"t m0 x1a h4f y1c7d ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fi<span class=\"_ _0\"></span>rst call <span class=\"_ _0\"></span>date t<span class=\"_ _0\"></span>he Notes<span class=\"_ _0\"></span> will be<span class=\"_ _0\"></span>ar inter<span class=\"_ _0\"></span>est at a fl<span class=\"_ _2b\"></span>oating rate of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1c7e ff316 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">3 <span class=\"lse0 wsf0\">month Euribor p<span class=\"_ _0\"></span>lus 4.136%<span class=\"_ _0\"></span> per<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">annum, payable<span class=\"_ _2\"></span> quarterly. </span> </span></span></div>\n<div class=\"t m0 x1a h4f y1c7f ff316 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c80 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Notes a<span class=\"_ _2\"></span>re subscribed by <span class=\"wsf1\">A<span class=\"_ _2\"></span>geas <span class=\"lsfa ws136\">SA/NV (<span class=\"_ _2\"></span>EUR<span class=\"ls0 ws0\"> </span></span>350<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">million) and by </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c81 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">BNP Paribas <span class=\"_ _2\"></span>Fortis SA/NV (EUR<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">100 mi<span class=\"_ _0\"></span>llion) an<span class=\"_ _0\"></span>d are listed o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x1a h4f y1c8d ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Luxembourg S<span class=\"_ _2\"></span>tock Exchange. The Notes qualify a<span class=\"_ _2\"></span>s Tier<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">2 capital u<span class=\"_ _2b\"></span>nder </span></span></div>\n<div class=\"t m0 x1a h4f y1c8e ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Solvency II and are<span class=\"_ _2\"></span> rated A<span class=\"ls0 ws0\">- <span class=\"lse0 wsf0\">by both Standar<span class=\"_ _0\"></span>d &amp; Poor\u2019s an<span class=\"_ _0\"></span>d Fitch. Th<span class=\"_ _0\"></span>e </span></span></div>\n<div class=\"t m0 x1a h4f y1c8f ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">part under<span class=\"_ _2\"></span>written by <span class=\"wsf1\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">SA/NV is eliminat<span class=\"_ _0\"></span>ed as inte<span class=\"_ _0\"></span>rcompa<span class=\"_ _0\"></span>ny </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c90 ff316 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a yef4 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c91 ff318 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Millenniumbcp <span class=\"_ _2\"></span>Ageas Fixed<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls101 ws11b\">to</span>-<span class=\"ls112 ws133\">Floating Callable </span></span></div>\n<div class=\"t m0 x1a h6a y1c92 ff318 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Subordinated Grandfathered <span class=\"_ _2\"></span>Restricted Tier 1 Loan<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c93 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 5 Dec<span class=\"_ _0\"></span>ember 2<span class=\"_ _0\"></span>014, Ag<span class=\"_ _0\"></span>eas Ins<span class=\"_ _0\"></span>urance I<span class=\"_ _2b\"></span>nternational N.<span class=\"_ _2b\"></span>V. (51%) (AII)</div>\n<div class=\"t m0 x1a h4f y1c94 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and BCP I<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ents B.V. (49%<span class=\"_ _2b\"></span>) granted a su<span class=\"_ _0\"></span>bordinat<span class=\"_ _2b\"></span>ed loan of</div>\n<div class=\"t m0 x1a h4f y1c95 ff316 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">120 million t<span class=\"_ _0\"></span>o Mille<span class=\"_ _0\"></span>nniumbc<span class=\"_ _0\"></span>p Ageas at<span class=\"_ _0\"></span> 4.75% <span class=\"_ _2b\"></span>per annum up to t<span class=\"_ _2b\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f y1c96 ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">first call da<span class=\"_ _2\"></span>te in December 2019 and 6 month Eur<span class=\"_ _2\"></span>ibor + 475 basis points</div>\n<div class=\"t m0 x1a h4f y1c97 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">per annum <span class=\"_ _2\"></span>thereafter. <span class=\"ls0 ws0\">A<span class=\"lse0 wsf0\">s of Q2 2020 the loan pre<span class=\"_ _0\"></span>viously<span class=\"_ _0\"></span> owned by </span></span></div>\n<div class=\"t m0 x1a h4f y1c98 ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas Insuran<span class=\"_ _2\"></span>ce International has been tran<span class=\"_ _2\"></span>sferred to the balance sheet<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1c99 ff316 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">of <span class=\"lse2 wsf1\">Ageas <span class=\"_ _2\"></span><span class=\"lsfa ws114\">SA/NV.<span class=\"ls0 ws0\"> </span></span><span class=\"ws103\">The par<span class=\"_ _2\"></span>t underwritten by </span>Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV is eliminated </span></span></div>\n<div class=\"t m0 x1a h4f y1c9a ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because i<span class=\"_ _0\"></span>t is an interco<span class=\"_ _2b\"></span>mpany transac<span class=\"_ _0\"></span>tion. The Not<span class=\"_ _2b\"></span>es qualify as</div>\n<div class=\"t m0 x1a h4f y1c9b ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Grandf<span class=\"_ _0\"></span>athered Ti<span class=\"_ _2b\"></span>er<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">1 capital under Sol<span class=\"_ _2\"></span>vency II.</span> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 582px; height: 524px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag516": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h6a y181f ff264 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.2</span> </div>\n<div class=\"t m0 x7 h6a y1820 ff264 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Investment<span class=\"_ _0\"></span>s available for sale <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 746px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 776px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 761px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 746px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 746px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5fc ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 776px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5f7 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 761px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 746px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 776px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 761px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5f7 ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 761px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 746px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 761px; z-index: 15;\">  </div>\n<div class=\"t m0 x196 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 746px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 761px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 746px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y647 ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 715px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 715px; z-index: 15;\">596<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 715px; z-index: 15;\">(2,390)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y5ff ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 715px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 701px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 701px; z-index: 15;\">16,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 701px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 701px; z-index: 15;\">(1,537)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 701px; z-index: 15;\">14,725<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 701px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 701px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 686px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 686px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 686px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 686px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 671px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 671px; z-index: 15;\">40,062<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 671px; z-index: 15;\">650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 671px; z-index: 15;\">(3,927)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 671px; z-index: 15;\">36,785<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 671px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 671px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 656px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 641px; z-index: 15;\">366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 641px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 641px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y638 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 641px; z-index: 15;\">406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 626px; z-index: 15;\">3,448<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 626px; z-index: 15;\">671<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 626px; z-index: 15;\">(102)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 626px; z-index: 15;\">4,017<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 626px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 626px; z-index: 15;\">3,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x67 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y70b ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 611px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y60e ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 597px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 597px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 582px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s</span></span> </div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 582px; z-index: 15;\">3,815<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 506px; bottom: 582px; z-index: 15;\">714<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 580px; bottom: 582px; z-index: 15;\">(105)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 582px; z-index: 15;\">4,424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 582px; z-index: 15;\">(211)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y70b ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 582px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f7 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 567px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 552px; z-index: 15;\">43,877<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 552px; z-index: 15;\">1,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 552px; z-index: 15;\">(4,032)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 552px; z-index: 15;\">41,209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y5fc ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 552px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 536px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff263 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 522px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 477px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 400px; bottom: 507px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 492px; z-index: 15;\">amortised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff260 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 425px; bottom: 477px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 498px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 501px; bottom: 477px; z-index: 15;\">gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y63a ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 578px; bottom: 507px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5ff ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 560px; bottom: 492px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff260 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 577px; bottom: 477px; z-index: 15;\">losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x11e h52 y63a ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 507px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 492px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff260 fs3c fc10 sc0 lse7 ws109\" style=\"left: 641px; bottom: 492px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 477px; z-index: 15;\">gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 477px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 492px; z-index: 15;\">  </div>\n<div class=\"t m0 x31c h52 y5ff ff260 fs3c fc10 sc0 lsef ws10a\" style=\"left: 780px; bottom: 492px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y647 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 477px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5ff ff262 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 447px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 447px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 447px; z-index: 15;\">5,241<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 447px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 447px; z-index: 15;\"> </div>\n<div class=\"t m0 x11d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 447px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 432px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 432px; z-index: 15;\">17,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 432px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 432px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 432px; z-index: 15;\">18,415<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 432px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 432px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 417px; z-index: 15;\">Structured credit instruments <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 417px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 417px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y605 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 417px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 417px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 417px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y605 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 417px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 402px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in debt <span class=\"wsf4\">securities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 402px; z-index: 15;\">43,323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 402px; z-index: 15;\">6,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 402px; z-index: 15;\">(68)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 402px; z-index: 15;\">49,607<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 402px; z-index: 15;\">(21)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 402px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 441px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y638 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 387px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Private equities and venture capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 425px; bottom: 372px; z-index: 15;\">173<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 372px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 590px; bottom: 372px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5f4 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 372px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f4 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 372px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 357px; z-index: 15;\">4,551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 357px; z-index: 15;\">1,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 357px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 357px; z-index: 15;\">5,781<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 357px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff260 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 357px; z-index: 15;\">5,475<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 343px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 435px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 522px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 656px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x67 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 739px; bottom: 343px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 ydd0 ff260 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 343px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff260 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 328px; z-index: 15;\">Available for sale in<span class=\"_ _2b\"></span>vestm<span class=\"_ _2\"></span>ent<span class=\"_ _0\"></span>s in <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 328px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 313px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity securities and other investments</span> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 313px; z-index: 15;\">4,726<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 313px; z-index: 15;\">1,278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 313px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 313px; z-index: 15;\">5,975<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 313px; z-index: 15;\">(306)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 ydd0 ff260 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 313px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 441px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 522px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 601px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 660px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 739px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff260 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 298px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 283px; z-index: 15;\">Total investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 413px; bottom: 283px; z-index: 15;\">48,049<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 499px; bottom: 283px; z-index: 15;\">7,630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 283px; z-index: 15;\">(97)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 633px; bottom: 283px; z-index: 15;\">55,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 283px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h54 y63a ff263 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 283px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1842 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1843 ff260 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1844 ff260 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> EUR<span class=\"ls0 ws0\"> </span><span class=\"wsef\">1,979<span class=\"ls0 ws0\"> </span></span>mi<span class=\"_ _0\"></span>llion of th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents avail<span class=\"_ _2b\"></span>able for sale has been pl<span class=\"_ _2b\"></span>edged as collate<span class=\"_ _0\"></span>ral (<span class=\"lse2 wsf1\">2021<span class=\"ws103\">: EUR<span class=\"ls0 ws0\"> </span></span>2,032<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">million).</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 225px; height: 20px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 225px; height: 607px; width: 84%; z-index: 7;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments availa<span class=\"_ _0\"></span>ble for sa<span class=\"_ _2b\"></span>le is based on:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsf0\">Level 1: quoted pri<span class=\"_ _0\"></span>ces in activ<span class=\"_ _0\"></span>e markets;<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse0 wsfa\">Level 2: observ<span class=\"_ _2b\"></span>able market dat<span class=\"_ _2b\"></span>a in active mar<span class=\"_ _0\"></span>kets;<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff268 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff269\"> <span class=\"_ _46\"> </span><span class=\"ff266 lse2 wsf1\">L<span class=\"_ _2\"></span>evel</span><span class=\"ff266\"> <span class=\"lse2 ws103\">3: non</span>-<span class=\"lse0 wsf0\">observable in<span class=\"_ _2b\"></span>puts (counterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _0\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x14d h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 1018px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 1018px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 1018px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 1018px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 987px; z-index: 15;\">21,723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 987px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y608 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 987px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 972px; z-index: 15;\">12,520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,565<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 972px; z-index: 15;\">626<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 972px; z-index: 15;\">14,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5f2 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 958px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Equity <span class=\"wsf3\">securities, private equities and o<span class=\"_ _0\"></span>ther investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 943px; z-index: 15;\">2,621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 943px; z-index: 15;\">934<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 943px; z-index: 15;\">658<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 928px; z-index: 15;\">36,864<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">2,836<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 928px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y638 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 928px; z-index: 15;\">40,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y184e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y184f ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 881px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 881px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff266 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 881px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5f4 ff266 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 881px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff26a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 850px; z-index: 15;\">30,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 850px; z-index: 15;\">551<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 850px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 850px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Corporate debt <span class=\"lsef ws10a\">securitie<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 835px; z-index: 15;\">16,002<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 835px; z-index: 15;\">1,953<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 835px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 835px; z-index: 15;\">18,395<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 821px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 821px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Equity securities, private equi<span class=\"_ _0\"></span>ties and other investment<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 806px; z-index: 15;\">3,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 806px; z-index: 15;\">1,547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 806px; z-index: 15;\">936<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y70b ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 806px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 791px; z-index: 15;\">Total Investments available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 791px; z-index: 15;\">49,777<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 791px; z-index: 15;\">4,102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 791px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 791px; z-index: 15;\">55,255<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 780px; height: 247px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1857 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1858 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1859 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The chang<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>in l<span class=\"_ _0\"></span>evel 3 <span class=\"lse2 wsfa\">valuation are<span class=\"_ _2\"></span> as follows.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y185a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 713px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 713px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff266 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 713px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff26a fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 698px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 683px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 683px; z-index: 15;\">1,312<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y601 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 668px; z-index: 15;\">(385)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 653px; z-index: 15;\">Acquisitions/divestment of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Maturity/redemption or repayment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 638px; z-index: 15;\">(61)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y605 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 638px; z-index: 15;\">(63)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 624px; z-index: 15;\">Acquired<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 624px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 624px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 609px; z-index: 15;\">Proceeds from sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 609px; z-index: 15;\">(129)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 609px; z-index: 15;\">(140)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 594px; z-index: 15;\">Realised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 594px; z-index: 15;\">2</div>\n<div class=\"t m0 xd2 h52 y5f4 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 594px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 579px; z-index: 15;\">Reversal of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y638 ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 579px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 564px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 564px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e4 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 564px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 549px; z-index: 15;\">Unrealised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 549px; z-index: 15;\">(110)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 549px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff266 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 535px; z-index: 15;\">Transfers between valuation categories<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff266 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 535px; z-index: 15;\">289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff266 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff266 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff26b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 505px; z-index: 15;\">1,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y63a ff26b fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 505px; z-index: 15;\">1,376<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y186a ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186b ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y186c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Level 3 v<span class=\"_ _2b\"></span>aluations for p<span class=\"_ _2b\"></span>rivate equities<span class=\"_ _0\"></span> and ve<span class=\"_ _0\"></span>nture ca<span class=\"_ _2b\"></span>pital use fair v<span class=\"_ _2b\"></span>alues</div>\n<div class=\"t m0 x7 h4f y186d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">disclos<span class=\"_ _0\"></span>ed in the <span class=\"_ _0\"></span>audite<span class=\"_ _2b\"></span>d financial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s of the <span class=\"_ _0\"></span>relevant<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y186e ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partici<span class=\"_ _0\"></span>pations.<span class=\"_ _0\"></span> Level 3 val<span class=\"_ _0\"></span>uations f<span class=\"_ _0\"></span>or equiti<span class=\"_ _0\"></span>es and asset<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsef\">back<span class=\"_ _0\"></span>ed </span></span></div>\n<div class=\"t m0 x7 h4f y186f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies use a dis<span class=\"_ _0\"></span>coun<span class=\"lse2 ws103\">ted cash flow methodology. Expec<span class=\"_ _2\"></span>ted cash </span></div>\n<div class=\"t m0 x7 h4f y1870 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">flows tak<span class=\"_ _0\"></span>e into accou<span class=\"_ _0\"></span>nt origin<span class=\"_ _2b\"></span>al underwritin<span class=\"_ _0\"></span>g criteri<span class=\"_ _0\"></span>a, borrow<span class=\"_ _0\"></span>er attrib<span class=\"_ _0\"></span>utes</div>\n<div class=\"t m0 x7 h4f y1871 ff266 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">(such as age and<span class=\"_ _2\"></span> credit scores), loan<span class=\"ls0 ws0\">-<span class=\"lsf4 ws10c\">to</span>-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">val<span class=\"_ _0\"></span>ue ratios, ex<span class=\"_ _2b\"></span>pected house </span></span></div>\n<div class=\"t m0 x7 h4f y1872 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">price mov<span class=\"_ _0\"></span>ements a<span class=\"_ _0\"></span>nd expect<span class=\"_ _0\"></span>ed prepaym<span class=\"_ _2b\"></span>ent rates etc. Exp<span class=\"_ _0\"></span>ected cash</div>\n<div class=\"t m0 x7 h4f y1873 ff266 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">flow<span class=\"lse0 wsf0\">s are discount<span class=\"_ _2b\"></span>ed at risk<span class=\"ls0 ws0\">-</span>adjusted rat<span class=\"_ _2b\"></span>es. Market parti<span class=\"_ _0\"></span>cipants oft<span class=\"_ _2b\"></span>en use </span></div>\n<div class=\"t m0 x7 h4f y1874 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">such dis<span class=\"_ _0\"></span>counted <span class=\"_ _2b\"></span>cash flow tec<span class=\"_ _0\"></span>hnique<span class=\"_ _0\"></span>s to pric<span class=\"_ _0\"></span>e privat<span class=\"_ _2b\"></span>e equities and</div>\n<div class=\"t m0 x7 h4f y1875 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">ventur<span class=\"_ _0\"></span>e capital.<span class=\"_ _0\"></span> We re<span class=\"_ _0\"></span>ly also o<span class=\"_ _0\"></span>n these q<span class=\"_ _0\"></span>uotes t<span class=\"_ _0\"></span>o a certai<span class=\"_ _2b\"></span>n extent when</div>\n<div class=\"t m0 x1a h4f y1876 ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuing t<span class=\"_ _2b\"></span>hese instrum<span class=\"_ _0\"></span>ents. Th<span class=\"_ _2b\"></span>ese techniques<span class=\"_ _0\"></span> are<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">subject to inherent </span></span></div>\n<div class=\"t m0 x1a h4f y1877 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">limitati<span class=\"_ _2b\"></span>ons, such as estimat<span class=\"_ _0\"></span>ion of the a<span class=\"_ _0\"></span>ppropria<span class=\"_ _2b\"></span>te risk<span class=\"ls0 ws0\">-</span>adjusted dis<span class=\"_ _0\"></span>count</div>\n<div class=\"t m0 x1a h4f y1878 ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate, and d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nt assumpt<span class=\"_ _2b\"></span>ions and inputs wou<span class=\"_ _0\"></span>ld yield dif<span class=\"_ _0\"></span>ferent res<span class=\"_ _2b\"></span>ults.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1879 ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y187a ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leve<span class=\"_ _2b\"></span>l 3 positions ar<span class=\"_ _2b\"></span>e mainly sensit<span class=\"_ _0\"></span>ive to a c<span class=\"_ _2b\"></span>hange in the l<span class=\"_ _0\"></span>evel of</div>\n<div class=\"t m0 x1a h4f y187b ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d futur<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span>cash flow<span class=\"_ _0\"></span>s and, ac<span class=\"_ _0\"></span>cordi<span class=\"_ _0\"></span>ngly, th<span class=\"_ _0\"></span>eir fair v<span class=\"_ _2b\"></span>alues vary in</div>\n<div class=\"t m0 x1a h4f y187c ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">proport<span class=\"_ _0\"></span>ion to c<span class=\"_ _0\"></span>hanges of <span class=\"_ _0\"></span>these c<span class=\"_ _2b\"></span>ash flows. The c<span class=\"_ _2b\"></span>hanges in val<span class=\"_ _0\"></span>ue of th<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y187d ff266 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">level 3 i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents ar<span class=\"_ _0\"></span>e accou<span class=\"_ _0\"></span>nted for<span class=\"_ _0\"></span> in othe<span class=\"_ _0\"></span>r compr<span class=\"_ _0\"></span>ehensive <span class=\"_ _2b\"></span>income.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y187e ff266 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">Q<span class=\"lse0 wsf0\">uantitativ<span class=\"_ _2b\"></span>e unobservable i<span class=\"_ _0\"></span>nputs use<span class=\"_ _0\"></span>d when measu<span class=\"_ _2b\"></span>ring fair value are </span></div>\n<div class=\"t m0 x1a h4f y187f ff266 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">not devel<span class=\"_ _0\"></span>oped by the ent<span class=\"_ _0\"></span>ity<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 305px; height: 801px; width: 84%; z-index: 7;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff26c fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Govern<span class=\"_ _0\"></span>ment bonds<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>deta<span class=\"_ _0\"></span>iled by cou<span class=\"_ _0\"></span>ntry of ori<span class=\"_ _0\"></span>gin <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff26c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 1065px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 1050px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 1035px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5ff ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 1065px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 640px; bottom: 1050px; z-index: 15;\">u<span class=\"lse4 wsf4\">nrealised</span> </div>\n<div class=\"t m0 x160 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 1035px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5ff ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 1050px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1035px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y608 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 1005px; z-index: 15;\">10,324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 1005px; z-index: 15;\">(1,241)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1005px; z-index: 15;\">9,083<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 990px; z-index: 15;\">3,856<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 990px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 990px; z-index: 15;\">3,855<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Spanish national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 975px; z-index: 15;\">2,287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 661px; bottom: 975px; z-index: 15;\">(338)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 975px; z-index: 15;\">1,949<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 960px; z-index: 15;\">1,576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 960px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 960px; z-index: 15;\">1,543<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 945px; z-index: 15;\">1,581<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 945px; z-index: 15;\">(53)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 945px; z-index: 15;\">1,528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 931px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 931px; z-index: 15;\">1,029<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 931px; z-index: 15;\">2</div>\n<div class=\"t m0 x77 h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 931px; z-index: 15;\">1,031<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 916px; z-index: 15;\">859<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 916px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">920<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 901px; z-index: 15;\">468<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 901px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 886px; z-index: 15;\">258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 886px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 886px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Polish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 871px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 871px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y656 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 871px; z-index: 15;\">232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 856px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 856px; z-index: 15;\">234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 856px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y601 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 856px; z-index: 15;\">194<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 842px; z-index: 15;\">158<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 842px; z-index: 15;\">(36)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 842px; z-index: 15;\">122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Luxembourg national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 827px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 827px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 827px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 812px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y603 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 676px; bottom: 812px; z-index: 15;\">2</div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 812px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Malta national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 797px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 797px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 797px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 782px; z-index: 15;\">636<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 665px; bottom: 782px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 782px; z-index: 15;\">601<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 767px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 767px; z-index: 15;\">23,813<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 767px; z-index: 15;\">(1,794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f2 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 767px; z-index: 15;\">22,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 737px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 722px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 692px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 527px; bottom: 722px; z-index: 15;\">Histo<span class=\"_ _2\"></span>rical/<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 707px; z-index: 15;\">a<span class=\"lse4 wsf4\">mortised</span> </div>\n<div class=\"t m0 xc7 h52 y60e ff26c fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 550px; bottom: 692px; z-index: 15;\">cost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2b3 h52 y5f4 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 657px; bottom: 722px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y5f9 ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 640px; bottom: 707px; z-index: 15;\">unrealised<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 627px; bottom: 692px; z-index: 15;\">gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f4 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 722px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 707px; z-index: 15;\"> </div>\n<div class=\"t m0 x5c h52 y5f9 ff26c fs3c fc10 sc0 lsef ws10a\" style=\"left: 781px; bottom: 707px; z-index: 15;\">Fair<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 692px; z-index: 15;\">value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff26e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y70b ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 677px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 662px; z-index: 15;\">Belgian national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 662px; z-index: 15;\">10,891<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 662px; z-index: 15;\">2,203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 662px; z-index: 15;\">13,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 647px; z-index: 15;\">French national governmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 647px; z-index: 15;\">4,689<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 647px; z-index: 15;\">1,106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5fc ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 647px; z-index: 15;\">5,795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 632px; z-index: 15;\">Portuguese national government<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 632px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 632px; z-index: 15;\">357<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5f7 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 632px; z-index: 15;\">2,481<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 617px; z-index: 15;\">Austrian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 617px; z-index: 15;\">1,722<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 617px; z-index: 15;\">402<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 617px; z-index: 15;\">2,124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 602px; z-index: 15;\">Spanish <span class=\"wsf3\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 602px; z-index: 15;\">2,107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 602px; z-index: 15;\">287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 602px; z-index: 15;\">2,394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 588px; z-index: 15;\">Italian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 544px; bottom: 588px; z-index: 15;\">1,159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 588px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y5ff ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 588px; z-index: 15;\">1,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 573px; z-index: 15;\">German national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 573px; z-index: 15;\">830<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 666px; bottom: 573px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y647 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 573px; z-index: 15;\">1,065<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Dutch national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 558px; z-index: 15;\">463<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 558px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y603 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 558px; z-index: 15;\">521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Irish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 543px; z-index: 15;\">332<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 543px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 543px; z-index: 15;\">365<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 528px; z-index: 15;\">British national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 528px; z-index: 15;\">222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 528px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 528px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Polish <span class=\"wsf6\">national government<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 513px; z-index: 15;\">274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 513px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y608 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 513px; z-index: 15;\">309<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Slovakian national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 498px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 498px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y5f4 ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">244<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff26c fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 484px; z-index: 15;\">Czech Republic national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5f2 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Finnish national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 469px; z-index: 15;\">91<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 469px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 469px; z-index: 15;\">105<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 454px; z-index: 15;\">US national government<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 561px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x28a h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 682px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x225 h52 y5f9 ff26c fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 454px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y60e ff26c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 439px; z-index: 15;\">Other national governmen<span class=\"_ _0\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 439px; z-index: 15;\">838<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 672px; bottom: 439px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5c h52 y60e ff26c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 439px; z-index: 15;\">905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff26f fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 424px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 424px; z-index: 15;\">25,944<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 659px; bottom: 424px; z-index: 15;\">5,196<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff26f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 424px; z-index: 15;\">31,140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 413px; height: 693px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff271 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">table below sh<span class=\"_ _0\"></span>ows net unr<span class=\"_ _0\"></span>ealised<span class=\"_ _0\"></span> gains and los<span class=\"_ _0\"></span>ses on inv<span class=\"_ _0\"></span>estments av<span class=\"_ _2b\"></span>ailable for sale in<span class=\"_ _0\"></span>cluded in e<span class=\"_ _0\"></span>quity<span class=\"lsf4 ws10c\">. </span>Equit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>sec<span class=\"_ _0\"></span>urities a<span class=\"_ _2b\"></span>nd other investment<span class=\"_ _2b\"></span>s also </span></div>\n<div class=\"t m0 x7 h4f y803 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">include p<span class=\"_ _0\"></span>rivate eq<span class=\"_ _0\"></span>uities a<span class=\"_ _0\"></span>nd venture c<span class=\"_ _0\"></span>apital.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc10 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 1034px; z-index: 15;\">Available for sale <span class=\"_ _0\"></span><span class=\"lse4 wsf3\">investments in debt securi<span class=\"_ _0\"></span>ties:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1019px; z-index: 15;\">36,771<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">49,586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1004px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 989px; z-index: 15;\">(3,277)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">6,284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 974px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 974px; z-index: 15;\">752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 974px; z-index: 15;\">(1,586)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 959px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 959px; z-index: 15;\">(2,251)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 945px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 945px; z-index: 15;\">652<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 930px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 930px; z-index: 15;\">(2,422)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 930px; z-index: 15;\">3,099<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 884px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 884px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y60e ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 884px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Available for sale investments<span class=\"_ _0\"></span> in equity securities and ot<span class=\"_ _0\"></span>her investments:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y70b ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 854px; z-index: 15;\">4,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 854px; z-index: 15;\">5,669<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 839px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 824px; z-index: 15;\">Gross unrealised gains and<span class=\"_ _0\"></span> losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 824px; z-index: 15;\">609<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 824px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 809px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 x145 h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 809px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 809px; z-index: 15;\">(134)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 795px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 795px; z-index: 15;\">(99)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 795px; z-index: 15;\">(756)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 780px; z-index: 15;\">- <span class=\"_ _ab\"> </span><span class=\"lse4 wsf6\">Relat<span class=\"_ _2\"></span>ed tax</span> </div>\n<div class=\"t m0 xd2 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 780px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 780px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 765px; z-index: 15;\">Net unrealised gains and losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 765px; z-index: 15;\">505<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 765px; z-index: 15;\">477<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18ad ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18ae ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18af ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The chan<span class=\"_ _2b\"></span>ges in impairm<span class=\"_ _0\"></span>ents of i<span class=\"_ _0\"></span>nvestme<span class=\"_ _0\"></span>nts ava<span class=\"_ _0\"></span>ilable f<span class=\"_ _2b\"></span>or sale are as fo<span class=\"_ _0\"></span>llows<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18b0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 686px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y603 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 686px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y605 ff274 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 671px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff273 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 656px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 656px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y603 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 656px; z-index: 15;\">(336)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 641px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y638 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 626px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5f4 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 611px; z-index: 15;\">(117)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 611px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 596px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 581px; z-index: 15;\">Reversal on sale/disposal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 581px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y70b ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 581px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 567px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 567px; z-index: 15;\">2</div>\n<div class=\"t m0 xb8 h52 y60e ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 567px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 552px; z-index: 15;\">(225)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5fc ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 552px; z-index: 15;\">(327)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 541px; height: 565px; width: 84%; z-index: 7;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAvailableforsaleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag522": {
   "value": "\n<div class=\"t m0 x7 h4f y1844 ff260 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> EUR<span class=\"ls0 ws0\"> </span><span class=\"wsef\">1,979<span class=\"ls0 ws0\"> </span></span>mi<span class=\"_ _0\"></span>llion of th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents avail<span class=\"_ _2b\"></span>able for sale has been pl<span class=\"_ _2b\"></span>edged as collate<span class=\"_ _0\"></span>ral (<span class=\"lse2 wsf1\">2021<span class=\"ws103\">: EUR<span class=\"ls0 ws0\"> </span></span>2,032<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">million).</span> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 225px; height: 20px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t m0 x26 h4f y1920 ff27e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As at 31<span class=\"ls0 ws0\"> </span>Decem<span class=\"_ _0\"></span>ber 2022 and 3<span class=\"_ _2b\"></span>1<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">December 2021</span></span>, no property was pl<span class=\"_ _0\"></span>edged as col<span class=\"_ _2b\"></span>lateral (see als<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x26 h4f y1921 ff27e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">note 21 B<span class=\"_ _2\"></span>orrowings). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 294px; height: 31px; width: 471px; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>3</div>\n<div class=\"t m0 x7 h6a y79d ff293 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Collateral on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for loans<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79f ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">Total credit exposure loans<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1018px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1018px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 987px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 987px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 958px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Financial instruments</span> </div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 958px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 958px; z-index: 15;\">386<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 943px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 943px; z-index: 15;\">1,968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">1,999<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">Other collateral and guarantees</span> </div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 928px; z-index: 15;\">116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 928px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 913px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unsecured exposure</span> </div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">13,068<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">12,003<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Collateral amounts in exce<span class=\"_ _0\"></span>ss of credit exposure (1)<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 898px; z-index: 15;\">835<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 898px; z-index: 15;\">919<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y196c ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 870px; height: 236px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1979 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for impa<span class=\"_ _0\"></span>ired loa<span class=\"_ _0\"></span>ns.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y197a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Total impaired credit exposu<span class=\"_ _0\"></span>re on loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 604px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 604px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 574px; z-index: 15;\">Impaired outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 574px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 574px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 544px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 544px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 544px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Collateral and guarantees in <span class=\"_ _2b\"></span>ex<span class=\"_ _2\"></span>cess o<span class=\"_ _0\"></span>f impaired credit exposure (1<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 529px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 529px; z-index: 15;\">8</div>\n<div class=\"t m0 x7 h5c y1981 ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 501px; height: 144px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1a3c ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> <span class=\"lsfa ws114\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">159<span class=\"_ _2\"></span></span> <span class=\"ls102 ws11d\">million</span> <span class=\"lsf4 ws10c\">of <span class=\"_ _2\"></span></span>p</span></span>ropert<span class=\"_ _0\"></span>y, plant an<span class=\"_ _0\"></span>d equipme<span class=\"_ _0\"></span>nt has</div>\n<div class=\"t m0 x7 h4f y1a3d ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">been ple<span class=\"_ _0\"></span>dged as coll<span class=\"_ _0\"></span>ateral (31<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsf1\">2021<span class=\"lsfa ws136\">: EUR</span></span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">166</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span>  </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 695px; height: 41px; width: 328px; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Commitments</div>\n<div class=\"t m0 x7 h63 y17d6 ff35d fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Commitments receiv<span class=\"lsf8 ws16a\">ed and given</span><span class=\"ls0\"> </span></div>\n<div class=\"t m0 x7 h63 y17d7 ff35d fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">are detailed <span class=\"ws113\">as follows.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y724 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff35b fs3c fc10 sc0 lsef ws10a\" style=\"left: 324px; bottom: 816px; z-index: 15;\">Commit<span class=\"_ _2\"></span>ments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y1550 ff35b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 607px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y1550 ff35b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 718px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff35e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y608 ff35e fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y608 ff35e fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff35b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Commitment Received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5f4 ff35b fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h52 y5f4 ff35b fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Credit lines<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 771px; z-index: 15;\">1,527<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 771px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Collateral and guarantees re<span class=\"_ _0\"></span>ceived<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 756px; z-index: 15;\">4,574<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 756px; z-index: 15;\">4,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff35b fs3c fc14 sc0 lse8 wsf9\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Other off<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">balance sheet rights</span> </span></div>\n<div class=\"t m0 x1d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 673px; bottom: 741px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 741px; z-index: 15;\">207<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff35f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Total received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 727px; z-index: 15;\">6,122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 727px; z-index: 15;\">5,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y5fc ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y5fc ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff35b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 697px; z-index: 15;\">Commitment Given<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h54 y601 ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y601 ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff35b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 682px; z-index: 15;\">Guarantees, Financial and Performance Letters of Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5fc ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 682px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5fc ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 682px; z-index: 15;\">199<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 667px; z-index: 15;\">Available credit lines<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y601 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 667px; z-index: 15;\">523<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 667px; z-index: 15;\">1,024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 652px; z-index: 15;\">Collateral and guarantees given<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y180c ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 652px; z-index: 15;\">2,287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y180c ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 652px; z-index: 15;\">2,184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 637px; z-index: 15;\">Entrusted assets and r<span class=\"_ _0\"></span>eceivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 637px; z-index: 15;\">691<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 637px; z-index: 15;\">738<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff35b fs3c fc14 sc0 lsec wsf3\" style=\"left: 324px; bottom: 623px; z-index: 15;\">Capi<span class=\"_ _2\"></span>tal right<span class=\"_ _2\"></span>s &amp; comm<span class=\"_ _2\"></span>itments<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 623px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 623px; z-index: 15;\">292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff35b fs3c fc14 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 608px; z-index: 15;\">Real Es<span class=\"_ _0\"></span>tate com<span class=\"_ _2b\"></span>mitments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 608px; z-index: 15;\">345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 608px; z-index: 15;\">531<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff35b fs3c fc14 sc0 lse8 wsf9\" style=\"left: 324px; bottom: 593px; z-index: 15;\">Other off<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">balance sheet commitments</span> </span></div>\n<div class=\"t m0 x45 h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 593px; z-index: 15;\">776<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 593px; z-index: 15;\">1,297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff35f fs3c fc10 sc0 lse8 ws0\" style=\"left: 324px; bottom: 578px; z-index: 15;\">Total given<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f2 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 578px; z-index: 15;\">5,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f2 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 578px; z-index: 15;\">6,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1ddd ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1dde ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1ddf ff35b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The collat<span class=\"_ _0\"></span>eral and<span class=\"_ _0\"></span> guarant<span class=\"_ _0\"></span>ees receiv<span class=\"_ _2b\"></span>ed relate mainly<span class=\"_ _0\"></span> to resident<span class=\"_ _0\"></span>ial mortg<span class=\"_ _2b\"></span>ages and to a lesser ext<span class=\"_ _2b\"></span>ent</div>\n<div class=\"t m0 x26 h4f y1de0 ff35b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">on policyholder<span class=\"_ _2\"></span> loans and commercial loans. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1de1 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1de2 ff35b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other off<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">balance<span class=\"_ _2\"></span> sheet commitments as at 31</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsf1\">2022</span> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">inc<span class=\"_ _0\"></span>lude EUR<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">250</span> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion</span> <span class=\"ls102 ws11d\">in </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1de3 ff35b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding cred<span class=\"_ _0\"></span>it bids<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">(31</span> </span><span class=\"wsef\">Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2021<span class=\"lsfa ws136\">: EUR<span class=\"_ _2\"></span></span></span> <span class=\"lse2 wsf1\">521</span> <span class=\"ls102 ws11d\">millio<span class=\"_ _2\"></span>n</span></span>).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y1de4 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1de5 ff35b fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In December<span class=\"_ _2\"></span> 2021, Ageas SA/NV<span class=\"_ _2\"></span> put two<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Revolving C<span class=\"_ _0\"></span>redit Fac<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> in place, EU<span class=\"_ _0\"></span>R 250 millio<span class=\"_ _0\"></span>n with a </span></span></div>\n<div class=\"t m0 x26 h4f y1de6 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">3-<span class=\"lse0 wsf0\">year tenor, and EU<span class=\"_ _0\"></span>R 250 milli<span class=\"_ _2b\"></span>on with a 5<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">ye<span class=\"_ _2b\"></span>ar tenor,<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">each with the opt<span class=\"_ _2\"></span>ion to request two one</span>-</span><span class=\"wsef\">year </span></span></span></div>\n<div class=\"t m0 x26 h4f y1de7 ff35b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">extensi<span class=\"_ _0\"></span>ons of th<span class=\"_ _2b\"></span>e expiration <span class=\"_ _0\"></span>date. Th<span class=\"_ _0\"></span>is is inc<span class=\"_ _0\"></span>luded in t<span class=\"_ _2b\"></span>he line \u2018cred<span class=\"_ _0\"></span>it lines<span class=\"_ _0\"></span> receive<span class=\"_ _2b\"></span>d\u2019. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 394px; height: 567px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag514": {
   "value": "\n<div class=\"t m0 x7 h6a y18b8 ff275 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.3</span> </div>\n<div class=\"t m0 x7 h6a y18b9 ff275 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Investm<span class=\"_ _0\"></span>ents held<span class=\"_ _0\"></span> at fair value throug<span class=\"_ _0\"></span>h profit<span class=\"_ _0\"></span> or loss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 457px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 457px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5fc ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 457px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff274 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 442px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff271 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 427px; z-index: 15;\">Government bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 427px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 412px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 412px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 412px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff271 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 397px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 397px; z-index: 15;\">1</div>\n<div class=\"t m0 xb8 h52 y5ff ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 397px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y601 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 382px; z-index: 15;\">Debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 382px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 382px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff271 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 368px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff271 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 353px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 353px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 353px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 338px; z-index: 15;\">Other <span class=\"lsec wsfe\">inv<span class=\"_ _2\"></span>estment<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 338px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff271 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 338px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff271 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 323px; z-index: 15;\">Equity securities and other in<span class=\"_ _2b\"></span>v<span class=\"_ _2\"></span>estments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 323px; z-index: 15;\">248<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff271 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 323px; z-index: 15;\">203<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff273 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 308px; z-index: 15;\">Total <span class=\"_ _2b\"></span>investments<span class=\"_ _0\"></span> held<span class=\"_ _0\"></span> at fair<span class=\"_ _2b\"></span> value thr<span class=\"_ _0\"></span>ough <span class=\"_ _0\"></span>profit<span class=\"_ _0\"></span> or los<span class=\"_ _2b\"></span>s<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 308px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff273 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 308px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18bf ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c0 ff271 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18c1 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>ments hel<span class=\"_ _2b\"></span>d at fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh profit o<span class=\"_ _2b\"></span>r loss include <span class=\"_ _0\"></span>primar<span class=\"_ _0\"></span>ily</div>\n<div class=\"t m0 x7 h4f y18c2 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents related t<span class=\"_ _0\"></span>o insura<span class=\"_ _0\"></span>nce liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s where c<span class=\"_ _2b\"></span>ash flows are l<span class=\"_ _0\"></span>inked</div>\n<div class=\"t m0 x7 h4f y18c3 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">to the p<span class=\"_ _0\"></span>erforma<span class=\"_ _0\"></span>nce of t<span class=\"_ _0\"></span>hese ass<span class=\"_ _0\"></span>ets, ei<span class=\"_ _0\"></span>ther co<span class=\"_ _0\"></span>ntractu<span class=\"_ _0\"></span>ally or o<span class=\"_ _0\"></span>n the bas<span class=\"_ _2b\"></span>is</div>\n<div class=\"t m0 x7 h4f y18c4 ff271 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of discret<span class=\"_ _2\"></span>ionary participation a<span class=\"_ _2\"></span>nd whose measuremen<span class=\"_ _2\"></span>t incorporates</div>\n<div class=\"t m0 x7 h4f y18c5 ff271 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">current informa<span class=\"_ _2\"></span>tion. This measurement signi<span class=\"_ _2\"></span>f<span class=\"lse0 wsf0\">ica<span class=\"_ _0\"></span>ntly reduc<span class=\"_ _2b\"></span>es an </span></div>\n<div class=\"t m0 x7 h4f y18c6 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">account<span class=\"_ _0\"></span>ing mism<span class=\"_ _2b\"></span>atch that woul<span class=\"_ _2b\"></span>d otherwise ar<span class=\"_ _0\"></span>ise fro<span class=\"_ _0\"></span>m measur<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>ets</div>\n<div class=\"t m0 x7 h4f y18c7 ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and liabi<span class=\"_ _0\"></span>lities an<span class=\"_ _0\"></span>d the relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>gain<span class=\"_ _0\"></span>s and losses<span class=\"_ _0\"></span> on differe<span class=\"_ _2b\"></span>nt bases.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18c8 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Other in<span class=\"_ _0\"></span>vestme<span class=\"_ _2b\"></span>nts held at fair<span class=\"_ _0\"></span> value th<span class=\"_ _2b\"></span>rough profit o<span class=\"_ _0\"></span>r loss rel<span class=\"_ _2b\"></span>ate to</div>\n<div class=\"t m0 x1a h4f y18c9 ff271 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents in the pro<span class=\"_ _2b\"></span>perty f<span class=\"lse2 wsf1\">und. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18ca ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The nomin<span class=\"_ _0\"></span>al value of t<span class=\"_ _0\"></span>he debt secu<span class=\"_ _0\"></span>rities hel<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>at fai<span class=\"_ _0\"></span>r value thr<span class=\"_ _0\"></span>ough prof<span class=\"_ _2b\"></span>it</div>\n<div class=\"t m0 x1a h4f y18cb ff271 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or loss as at <span class=\"wsef\">31<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsfa\">2022 is EUR<span class=\"_ _2\"></span></span> <span class=\"lse2 wsfa\">139 million (<span class=\"_ _2\"></span>31</span> </span>Decem<span class=\"_ _2b\"></span>ber<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">202<span class=\"_ _2\"></span>1: </span></span></span></div>\n<div class=\"t m0 x1a h4f y18cc ff271 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">133<span class=\"_ _2\"></span></span> <span class=\"ls102 ws11d\">million).</span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 156px; height: 358px; width: 84%; z-index: 7;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation of invest<span class=\"_ _2b\"></span>ments held at f<span class=\"_ _0\"></span>air valu<span class=\"_ _2b\"></span>e through <span class=\"wsf0\">prof<span class=\"_ _0\"></span>it or loss is ba<span class=\"_ _0\"></span>sed on:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y803 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 1</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsfa\">quote<span class=\"_ _0\"></span>d prices i<span class=\"_ _2b\"></span>n active market<span class=\"_ _2b\"></span>s;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 2</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse0 wsf0\">observ<span class=\"_ _0\"></span>able mark<span class=\"_ _0\"></span>et data in act<span class=\"_ _0\"></span>ive mark<span class=\"_ _0\"></span>ets;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff279 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff27a\"> <span class=\"_ _46\"> </span><span class=\"ff277 lse2 wsfa\">L<span class=\"_ _2\"></span>evel 3</span><span class=\"ff277\"> <span class=\"_ _6\"> </span><span class=\"lsf4 ws10c\">: <span class=\"_ _2\"></span></span> <span class=\"_ _c2\"> </span><span class=\"lse2 wsf1\">non</span>-<span class=\"lse0 wsf0\">observabl<span class=\"_ _0\"></span>e inputs (c<span class=\"_ _0\"></span>ounterp<span class=\"_ _0\"></span>arty quot<span class=\"_ _2b\"></span>es).<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y806 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y807 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>ation at year<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">end is<span class=\"_ _0\"></span> as follow<span class=\"_ _0\"></span>s.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y808 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 986px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 986px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 986px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 986px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y601 ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 986px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5ff ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 971px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 956px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 941px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 941px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 941px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 926px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 926px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 926px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 911px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 911px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 911px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 896px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 896px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 896px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 896px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 896px; z-index: 15;\">147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff27c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total Investments held at<span class=\"_ _0\"></span> fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 882px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 867px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 867px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 867px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 867px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 867px; z-index: 15;\">373<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18d7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y18d8 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 820px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 508px; bottom: 820px; z-index: 15;\">Level 1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 596px; bottom: 820px; z-index: 15;\">Level 2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff277 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 681px; bottom: 820px; z-index: 15;\">Level 3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff277 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 820px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff27b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 804px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 789px; z-index: 15;\">Government Bonds<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 789px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 774px; z-index: 15;\">Corporate debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 774px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff277 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Structured credit instruments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 xbf h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y63a ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 759px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5fc ff277 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 745px; z-index: 15;\">Equit<span class=\"_ _2\"></span>y securit<span class=\"_ _2\"></span>ies<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff277 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5fc ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 745px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff277 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 730px; z-index: 15;\">Other investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 730px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 730px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 730px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y647 ff277 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 730px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff27c fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Total Investments held at <span class=\"lsef ws102\">fair valu<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 460px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 633px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff277 fs3c fc10 sc0 ls0 ws0\" style=\"left: 720px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff27c fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 700px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">through pro<span class=\"_ _2\"></span>fit or loss</span> </div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 700px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 700px; z-index: 15;\">206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 700px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y647 ff27c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 700px; z-index: 15;\">340<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 689px; height: 338px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 689px; height: 417px; width: 84%; z-index: 7;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag520": {
   "value": "\n<div class=\"t m0 x7 h6a y18e0 ff27d fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">10<span class=\"ls10b ws12e\">.4</span> </div>\n<div class=\"t m0 x7 h6a y18e1 ff27d fs46 fcf sc0 ls10c ws12f\" style=\"z-index: 15;\">Deri<span class=\"_ _2\"></span>vative<span class=\"_ _2\"></span>s held<span class=\"_ _2\"></span> for <span class=\"_ _2\"></span>trading<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y18e2 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Derivat<span class=\"_ _0\"></span>ives hel<span class=\"_ _2b\"></span>d for trading <span class=\"_ _0\"></span><span class=\"lse2\">are based <span class=\"_ _2\"></span>on <span class=\"lse0 wsef\">level<span class=\"ls0 ws0\"> </span></span><span class=\"ws103\">2 valuation (observable<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y18e3 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">market dat<span class=\"_ _2b\"></span>a in<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>act<span class=\"_ _0\"></span>ive market<span class=\"_ _0\"></span>s)<span class=\"lsf4 ws114\">. S<span class=\"lse2 wsfa\">ee also note <span class=\"_ _2\"></span><span class=\"wsf1\">27<span class=\"ls0 ws0\"> </span><span class=\"ws103\">Derivatives for<span class=\"_ _2\"></span> further </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y18e4 ff277 fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">details<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 533px; height: 89px; width: 346px; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff357 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Trading derivatives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 379px; bottom: 1065px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 634px; bottom: 1065px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y647 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 340px; bottom: 1049px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y647 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 1049px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 595px; bottom: 1049px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y647 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 1049px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 309px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 383px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 438px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 564px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 692px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 988px; z-index: 15;\">Foreign exchange contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 974px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 974px; z-index: 15;\">512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 974px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 974px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 974px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 974px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 974px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 974px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff355 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Swaps<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 345px; bottom: 959px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y605 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 959px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 664px; bottom: 959px; z-index: 15;\">8</div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 944px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 944px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 944px; z-index: 15;\">512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y60e ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 944px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 944px; z-index: 15;\">165<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y60e ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 944px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 944px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 944px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 944px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y632 ff355 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 914px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st rate co<span class=\"_ _0\"></span>ntrac<span class=\"_ _2b\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y632 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y632 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 899px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 899px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff355 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Swaps<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 ydd0 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 885px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 ydd0 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 885px; z-index: 15;\">498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 885px; z-index: 15;\">4</div>\n<div class=\"t m0 x164 h52 ydd0 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 885px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 870px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 870px; z-index: 15;\">498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 870px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 870px; z-index: 15;\">4</div>\n<div class=\"t m0 x164 h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 870px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 840px; z-index: 15;\">Equity/Index contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 825px; z-index: 15;\">Options and warrants<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 825px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 810px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5ff ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 810px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y608 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 781px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 781px; z-index: 15;\">1,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 781px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 781px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 598px; bottom: 781px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 781px; z-index: 15;\">528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 781px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 781px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 751px; z-index: 15;\">Fair values supported by observable market data<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 751px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 751px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 736px; z-index: 15;\">Fair values obtained using a valuation model<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 736px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 736px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 736px; z-index: 15;\">6</div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 736px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 721px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 721px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 721px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 598px; bottom: 721px; z-index: 15;\">6</div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 721px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 691px; z-index: 15;\">Over the counter (OTC)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 691px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 677px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 677px; z-index: 15;\">1,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 677px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 677px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 598px; bottom: 677px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 677px; z-index: 15;\">528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 677px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 677px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 666px; height: 440px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsHeldForTradingExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag511": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x1a h6a y18e0 ff27d fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">10.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y18e1 ff27d fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Interests in unconsolidated<span class=\"_ _0\"></span> structured entities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18e2 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Insura<span class=\"_ _2b\"></span>nce, a subsidiary of<span class=\"_ _0\"></span> Ageas Gro<span class=\"_ _0\"></span>up, <span class=\"ls102 ws11d\">hold</span>s notes <span class=\"lsfb wsfa\">which </span></div>\n<div class=\"t m0 x1a h4f y18e3 ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">represent<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"ws103\">an interest (through<span class=\"_ _2\"></span> the rece<span class=\"lse0 wsf0\">ipt of pri<span class=\"_ _2b\"></span>ncipal and interes<span class=\"_ _0\"></span>t) in<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18e4 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">struct<span class=\"_ _0\"></span>ured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">that <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">it does not </span></span></span></span>consolidat<span class=\"_ _0\"></span>e. The struc<span class=\"_ _0\"></span>tured ent<span class=\"_ _2b\"></span>it<span class=\"ls102 ws11d\">ie<span class=\"_ _2\"></span>s </span></div>\n<div class=\"t m0 x1a h4f y18ef ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">invest<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">in mortgage receivab<span class=\"_ _2\"></span>les </span></span><span class=\"wsf0\">and leas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>eivabl<span class=\"_ _2b\"></span>es and generate<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18f0 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">funds th<span class=\"_ _0\"></span>rough t<span class=\"_ _2b\"></span>he issu<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf0\">of not<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">or units.</span> </span></span></div>\n<div class=\"t m0 x1a h4f y18f1 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f2 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">These structured<span class=\"_ _2\"></span> notes <span class=\"wsfa\">and units <span class=\"lse0 wsf0\">are recorded in \u2019Inv<span class=\"_ _2b\"></span>estments avail<span class=\"_ _0\"></span>able </span></span></div>\n<div class=\"t m0 x1a h4f y18f3 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for sale\u2019.<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Ne<span class=\"_ _2b\"></span>xt to the notes <span class=\"_ _0\"></span>and unit<span class=\"_ _0\"></span>s, AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e does no<span class=\"_ _0\"></span>t <span class=\"lse2\">hold any </span></span></div>\n<div class=\"t m0 x1a h4f y18f4 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other interest<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">in th<span class=\"_ _0\"></span>ese stru<span class=\"_ _0\"></span>ctured <span class=\"_ _0\"></span>entities<span class=\"_ _2b\"></span>. The <span class=\"wsf0\">maximum los<span class=\"_ _2b\"></span>s exposure<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y18f5 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance has is <span class=\"lse2 ws103\">limited to the carrying amoun<span class=\"_ _2\"></span>t of the notes<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">or uni<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18f6 ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">held.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18f7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f8 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e in the Fund of</div>\n<div class=\"t m0 x1a h4f y18f9 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">mortgage loan<span class=\"_ _2\"></span>s amounts to EU<span class=\"_ _2\"></span>R 319 million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR</div>\n<div class=\"t m0 x1a h4f y18fa ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">410 milli<span class=\"_ _0\"></span>on at 31 Decem<span class=\"_ _0\"></span>ber 2021<span class=\"_ _0\"></span>). The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interes<span class=\"_ _0\"></span>t held</div>\n<div class=\"t m0 x1a h4f y18fb ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">by AG Ins<span class=\"_ _2b\"></span>urance in Leas<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">backed rec<span class=\"_ _2b\"></span>eivables amount<span class=\"_ _0\"></span>s to EUR 28 </span></div>\n<div class=\"t m0 x1a h4f y18fc ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">35 millio<span class=\"_ _2b\"></span>n at <span class=\"_ _2\"></span>31 De<span class=\"_ _0\"></span>cember 2<span class=\"_ _0\"></span>021). </span></span></div>\n<div class=\"t m0 x1a h4f y18fd ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG Ins<span class=\"_ _2b\"></span>urance in Privat<span class=\"_ _0\"></span>e Equity</div>\n<div class=\"t m0 x1a h4f y18fe ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts to EUR 173<span class=\"_ _2\"></span> million at 31 December 2022 (EU<span class=\"_ _2\"></span>R 27<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">millio<span class=\"_ _0\"></span>n at 31 </span></span></div>\n<div class=\"t m0 x1a h4f y18ff ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">December <span class=\"lse0 wsef\">2021).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1900 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1901 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Fund of mo<span class=\"_ _0\"></span>rtgage lo<span class=\"_ _2b\"></span>ans is fully detaine<span class=\"_ _2b\"></span>d by AG Insurance, a<span class=\"_ _0\"></span>nd the</div>\n<div class=\"t m0 x1a h4f y1902 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">total ass<span class=\"_ _0\"></span>ets of the Le<span class=\"_ _0\"></span>ase<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">backed receivabl<span class=\"_ _2\"></span>es amounts to E<span class=\"_ _2\"></span>UR 196 </span></span></div>\n<div class=\"t m0 x1a h4f y1903 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>(EUR 339 million <span class=\"_ _2\"></span>at 31 December <span class=\"_ _2\"></span>2021)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 202px; height: 415px; width: 353px; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 202px; height: 420px; width: 353px; z-index: 6;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsf2 ws108\" style=\"z-index: 15;\">Eq<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>ccou<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tments</div>\n<div class=\"t m0 x7 h63 y17d6 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">The following table provides an</div>\n<div class=\"t m0 x7 h63 y17d7 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">overview of the most significant</div>\n<div class=\"t m0 x7 h63 y17d8 ff299 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">associates and joint vent<span class=\"_ _0\"></span>ures<span class=\"ws113\">. The </span></div>\n<div class=\"t m0 x7 h63 y17d9 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">percentage of interest may <span class=\"lsf6 ws0\">vary in </span></div>\n<div class=\"t m0 x7 h63 y17da ff299 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">case there are several asso<span class=\"_ _0\"></span>ciates</div>\n<div class=\"t m0 x7 h63 y1994 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and joint ventures in one country</div>\n<div class=\"t m0 x7 h63 y1995 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">with different shareholdings\u2019</div>\n<div class=\"t m0 x7 h63 y1996 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">percentages held by the<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"ws112\">group.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y724 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 617px; bottom: 802px; z-index: 15;\">%</div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 787px; z-index: 15;\">interest<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h52 y1550 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 802px; z-index: 15;\">Carrying<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 679px; bottom: 787px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y1550 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 760px; bottom: 802px; z-index: 15;\">Carrying<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 787px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Associates and joint ventures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 633px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 718px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 756px; z-index: 15;\">China<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 756px; z-index: 15;\">12.00% <span class=\"ls0 ws0\">- <span class=\"_ _2\"></span></span>24.90%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 756px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 756px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 741px; z-index: 15;\">Thailand<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 741px; z-index: 15;\">7.83% <span class=\"ls0 ws0\">- <span class=\"_ _2\"></span><span class=\"lsec wsfe\">30.87%</span> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 741px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 741px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 727px; z-index: 15;\">Malaysia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 727px; z-index: 15;\">30.95%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 727px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 727px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Taiping Reinsurance Compan<span class=\"_ _0\"></span>y Limited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 712px; z-index: 15;\">China<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 712px; z-index: 15;\">24.99%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 712px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 712px; z-index: 15;\">328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 ls109 ws12c\" style=\"left: 324px; bottom: 697px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 697px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 697px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 697px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 697px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 324px; bottom: 682px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 682px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 682px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 682px; z-index: 15;\">7</div>\n<div class=\"t m0 x2f h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 682px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 667px; z-index: 15;\">Heylen group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 667px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 667px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 667px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 667px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff297 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 652px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 652px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 652px; z-index: 15;\">37.50%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 652px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y180c ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 637px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 494px; bottom: 637px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 637px; z-index: 15;\">40.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 637px; z-index: 15;\">152<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 637px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 623px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 494px; bottom: 623px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 623px; z-index: 15;\">36.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 623px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 623px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse6 wsf7\" style=\"left: 324px; bottom: 608px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 608px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 608px; z-index: 15;\">33.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 608px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 608px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 593px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 593px; z-index: 15;\">Philippines<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 593px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 593px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 593px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 578px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 578px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 578px; z-index: 15;\">56.50%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 578px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 578px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 563px; z-index: 15;\">Ageas Federal Life Insurance Company<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 563px; z-index: 15;\">India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 563px; z-index: 15;\">49.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 563px; z-index: 15;\">90<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 548px; z-index: 15;\">Royal Sundaram<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 494px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 534px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">General Insurance Company Limited</span> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 534px; z-index: 15;\">India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 534px; z-index: 15;\">40.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 534px; z-index: 15;\">157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 534px; z-index: 15;\">207<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 324px; bottom: 519px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 519px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 519px; z-index: 15;\">25.60%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 519px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 519px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 324px; bottom: 504px; z-index: 15;\">MB Ageas Lif<span class=\"_ _2\"></span>e JSC<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 504px; z-index: 15;\">Vietnam<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 504px; z-index: 15;\">32.09%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 504px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 504px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 489px; z-index: 15;\">Royal Park Investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 489px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 489px; z-index: 15;\">44.71%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 489px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 474px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 494px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 548px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 474px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 474px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 lsec wsfe\" style=\"left: 324px; bottom: 459px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5ff ff29a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 459px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5ff ff29a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 459px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y19a5 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19a6 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19a7 ff297 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">In <span class=\"lse2 wsfa\">2022, A<span class=\"_ _2\"></span>geas increase<span class=\"ls0 ws0\">d <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">its int<span class=\"_ _2b\"></span>erest in the joint ve<span class=\"_ _0\"></span>nture Age<span class=\"_ _0\"></span>as Fede<span class=\"_ _0\"></span>ral Life Ins<span class=\"_ _0\"></span>urance Co<span class=\"_ _0\"></span>mpany Ltd </span></span></span></div>\n<div class=\"t m0 x26 h4f y19a8 ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(AFLIC<span class=\"_ _0\"></span>) from 49% to 74%<span class=\"lsf4 ws114\">. T<span class=\"lse2 ws103\">his transaction is considered as a<span class=\"_ _2\"></span> step acquisition, hence the<span class=\"_ _2\"></span> previously </span></span></div>\n<div class=\"t m0 x26 h4f y19a9 ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">held inter<span class=\"_ _2b\"></span>est of 49% is treate<span class=\"_ _0\"></span>d as if it had been di<span class=\"_ _0\"></span>spose<span class=\"_ _0\"></span>d of (see note 3 Ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ions and dis<span class=\"_ _2b\"></span>posals</div>\n<div class=\"t m0 x26 h4f y19aa ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for more det<span class=\"_ _0\"></span>ails).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y19ab ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19ac ff297 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas r<span class=\"_ _0\"></span>ecorded<span class=\"_ _0\"></span> an imp<span class=\"_ _0\"></span>airment l<span class=\"_ _0\"></span>oss of EU<span class=\"_ _2b\"></span>R 29 million in <span class=\"_ _2b\"></span>2022 in relatio<span class=\"_ _2b\"></span>n to its interes<span class=\"_ _0\"></span>t in Roya<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x26 h4f y19ad ff297 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Sundaram Gener<span class=\"_ _2\"></span>al Insurance <span class=\"wsf1\">Compan<span class=\"_ _2\"></span>y <span class=\"lsfc ws115\">Limite<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 307px; height: 654px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 307px; height: 654px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 307px; height: 654px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 307px; height: 654px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff29d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The detai<span class=\"_ _0\"></span>ls of the equit<span class=\"_ _0\"></span>y account<span class=\"_ _0\"></span>ed invest<span class=\"_ _2b\"></span>ments<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are as follo<span class=\"_ _2\"></span>ws.</span> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff29d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 260px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse5 wsf5\" style=\"left: 254px; bottom: 1050px; z-index: 15;\">assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 251px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 318px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 300px; bottom: 1050px; z-index: 15;\"> <span class=\"lse4 wsf4\">liabilities</span> </div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 309px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 1050px; z-index: 15;\">Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 366px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 410px; bottom: 1065px; z-index: 15;\">Share in equity of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 427px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 1020px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 518px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 1050px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 512px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 576px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 1050px; z-index: 15;\">expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 570px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 563px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 1065px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 1050px; z-index: 15;\">result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 627px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19c h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 671px; bottom: 1065px; z-index: 15;\">Share in result of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 680px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 686px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 680px; bottom: 1020px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x11e h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 1035px; z-index: 15;\">Dividend<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 1020px; z-index: 15;\">received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff29f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 990px; z-index: 15;\">131,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 990px; z-index: 15;\">121,692<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 990px; z-index: 15;\">10,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 990px; z-index: 15;\">2,504<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 990px; z-index: 15;\">25,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 990px; z-index: 15;\">(24,454)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 990px; z-index: 15;\">773<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 990px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 990px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 975px; z-index: 15;\">17,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 975px; z-index: 15;\">15,278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 975px; z-index: 15;\">2,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 975px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 975px; z-index: 15;\">2,639<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 975px; z-index: 15;\">(2,438)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 975px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 975px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 975px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 960px; z-index: 15;\">10,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 960px; z-index: 15;\">8,652<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 960px; z-index: 15;\">1,441<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 960px; z-index: 15;\">446<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 960px; z-index: 15;\">1,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 960px; z-index: 15;\">(1,841)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 960px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 960px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 960px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Taiping Reinsurance Co. Lim<span class=\"_ _0\"></span>ited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 945px; z-index: 15;\">6,976<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 945px; z-index: 15;\">6,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 945px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 945px; z-index: 15;\">140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 945px; z-index: 15;\">1,947<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 945px; z-index: 15;\">(1,883)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 945px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 945px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 931px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 931px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 931px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 931px; z-index: 15;\">99<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 931px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 931px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 931px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 931px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 931px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 916px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 916px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 916px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 916px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 916px; z-index: 15;\">7</div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 916px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 916px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 916px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 916px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Heylen<span class=\"ls0 ws0\"> </span>group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 901px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 901px; z-index: 15;\">455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 901px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 901px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 901px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 901px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 901px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 901px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 886px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 886px; z-index: 15;\">1,563<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 886px; z-index: 15;\">1,345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 886px; z-index: 15;\">218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 886px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 886px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 886px; z-index: 15;\">(123)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 886px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 886px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 871px; z-index: 15;\">821<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 871px; z-index: 15;\">538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 871px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 871px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 871px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 871px; z-index: 15;\">(141)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 871px; z-index: 15;\">7</div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 856px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 856px; z-index: 15;\">887<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 856px; z-index: 15;\">713<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 856px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 856px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 856px; z-index: 15;\">78<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 856px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 856px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 856px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 842px; z-index: 15;\">305<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 842px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 842px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 842px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 842px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 842px; z-index: 15;\">(94)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 842px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 842px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 827px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 827px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 827px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 827px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 827px; z-index: 15;\">5</div>\n<div class=\"t m0 x31c h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 827px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 827px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 827px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 812px; z-index: 15;\">680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 812px; z-index: 15;\">572<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 812px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 812px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 812px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 812px; z-index: 15;\">(328)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 812px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 812px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Ageas Federal Life Insurance Co.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 797px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 797px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Royal Sundaram General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Insurance Company Limited</span> </div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 767px; z-index: 15;\">981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 767px; z-index: 15;\">827<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 767px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 767px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 767px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 767px; z-index: 15;\">(338)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 767px; z-index: 15;\">8</div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 767px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 767px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 752px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 752px; z-index: 15;\">532<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 752px; z-index: 15;\">320<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 752px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 752px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 752px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 752px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 752px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 752px; z-index: 15;\">3</div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 738px; z-index: 15;\">MB <span class=\"lse4 wsf3\">Ageas Life JSC<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 738px; z-index: 15;\">380<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 738px; z-index: 15;\">310<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 738px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 738px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 738px; z-index: 15;\">272<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 738px; z-index: 15;\">(269)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 738px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 738px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 723px; z-index: 15;\">Royal Park Investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 275px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Related Goodwill<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">and impairment<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 708px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 693px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 693px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 693px; z-index: 15;\">9</div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 693px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2a0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 678px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 678px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 678px; z-index: 15;\">184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 740px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 740px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 588px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 260px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5fc ff29d fs3c fc10 sc0 lse5 wsf5\" style=\"left: 254px; bottom: 618px; z-index: 15;\">assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 251px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 318px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 300px; bottom: 618px; z-index: 15;\"> <span class=\"lse4 wsf4\">liabilities</span> </div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 309px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 618px; z-index: 15;\">Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 366px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x143 h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 410px; bottom: 633px; z-index: 15;\">Share in equity of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 618px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 427px; bottom: 603px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 588px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 518px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 618px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 512px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 576px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 618px; z-index: 15;\">expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 570px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 563px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 633px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 618px; z-index: 15;\">result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 627px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19c h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 671px; bottom: 633px; z-index: 15;\">Share in <span class=\"lsef ws102\">result of<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x198 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 680px; bottom: 618px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 686px; bottom: 603px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 680px; bottom: 588px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 603px; z-index: 15;\">Dividend<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 588px; z-index: 15;\">received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff29f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 558px; z-index: 15;\">118,344<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 558px; z-index: 15;\">108,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 558px; z-index: 15;\">10,289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 558px; z-index: 15;\">2,525<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 558px; z-index: 15;\">24,424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 558px; z-index: 15;\">(23,277)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 558px; z-index: 15;\">1,147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 558px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 558px; z-index: 15;\">160<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 543px; z-index: 15;\">17,973<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 543px; z-index: 15;\">14,444<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 543px; z-index: 15;\">3,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 543px; z-index: 15;\">1,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 543px; z-index: 15;\">2,666<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 543px; z-index: 15;\">(2,398)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 543px; z-index: 15;\">268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 543px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 543px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 528px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 528px; z-index: 15;\">9,873<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 528px; z-index: 15;\">8,292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 528px; z-index: 15;\">1,581<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 528px; z-index: 15;\">489<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 528px; z-index: 15;\">1,829<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 528px; z-index: 15;\">(1,659)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 528px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 528px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 528px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Taiping Reinsurance Co. Lim<span class=\"_ _0\"></span>ited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 513px; z-index: 15;\">7,183<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 513px; z-index: 15;\">6,068<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 513px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 513px; z-index: 15;\">279<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 513px; z-index: 15;\">1,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 513px; z-index: 15;\">(1,900)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 513px; z-index: 15;\">8</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 513px; z-index: 15;\">2</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 498px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 498px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 498px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 498px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 498px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 498px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 498px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 498px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 498px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 484px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 484px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 484px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 484px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 484px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 484px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 484px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 484px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 484px; z-index: 15;\">8</div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Heylen group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 469px; z-index: 15;\">608<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 469px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 469px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 469px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 469px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 469px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 469px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 469px; z-index: 15;\">6</div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 454px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 454px; z-index: 15;\">1,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 454px; z-index: 15;\">1,735<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 378px; bottom: 454px; z-index: 15;\">(85)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 454px; z-index: 15;\">177<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 454px; z-index: 15;\">(164)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 454px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 454px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 439px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 439px; z-index: 15;\">614<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 439px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 439px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 439px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 439px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 439px; z-index: 15;\">(158)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 439px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 439px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 439px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 424px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 424px; z-index: 15;\">860<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 424px; z-index: 15;\">670<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 424px; z-index: 15;\">190<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 424px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 424px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 424px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 424px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 424px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 424px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 409px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 409px; z-index: 15;\">251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 409px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 409px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 409px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 409px; z-index: 15;\">75<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 409px; z-index: 15;\">(84)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 409px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 409px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 409px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 394px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 394px; z-index: 15;\">249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 394px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 394px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 394px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 394px; z-index: 15;\">3</div>\n<div class=\"t m0 x31c h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 394px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 394px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 394px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 394px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 380px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 380px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 380px; z-index: 15;\">368<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 380px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 380px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 380px; z-index: 15;\">318<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 380px; z-index: 15;\">(288)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 380px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 380px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 380px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 365px; z-index: 15;\">Ageas Federal Life Insurance Co.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 365px; z-index: 15;\">1,740<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 365px; z-index: 15;\">1,583<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 365px; z-index: 15;\">157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 365px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 365px; z-index: 15;\">400<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 365px; z-index: 15;\">(391)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 365px; z-index: 15;\">9</div>\n<div class=\"t m0 x44 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 365px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f1 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 365px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y647 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 350px; z-index: 15;\">Royal Sundaram General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 335px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Insurance Company Limited</span> </div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 335px; z-index: 15;\">968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 335px; z-index: 15;\">777<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 335px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 335px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 335px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 335px; z-index: 15;\">(300)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 335px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 335px; z-index: 15;\">9</div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 335px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 320px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 320px; z-index: 15;\">542<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 320px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 320px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 320px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 320px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 320px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 320px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 320px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 320px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 305px; z-index: 15;\">MB Ageas Lif<span class=\"_ _2\"></span>e JSC<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 305px; z-index: 15;\">278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 305px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 305px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 305px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 305px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 305px; z-index: 15;\">(215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 305px; z-index: 15;\">9</div>\n<div class=\"t m0 x44 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 305px; z-index: 15;\">3</div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 305px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 290px; z-index: 15;\">Royal Park <span class=\"lse8 ws10b\">Investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 275px; bottom: 290px; z-index: 15;\">7</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 290px; z-index: 15;\">7</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 276px; z-index: 15;\">Related Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 276px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 261px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 261px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 261px; z-index: 15;\">5</div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 261px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2a0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 246px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 246px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 246px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 246px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 235px; height: 871px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 235px; height: 871px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 235px; height: 871px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 235px; height: 871px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Equity <span class=\"lse0 wsf0\">associates an<span class=\"_ _0\"></span>d joint vent<span class=\"_ _0\"></span>ures<span class=\"ls0 ws0\"> </span>are su<span class=\"_ _0\"></span>bject to div<span class=\"_ _0\"></span>idend res<span class=\"_ _0\"></span>tricti<span class=\"_ _2b\"></span>ons </span></div>\n<div class=\"t m0 x7 h4f y803 ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">arising <span class=\"_ _2\"></span>from minimum capital a<span class=\"_ _2\"></span>nd solvency require<span class=\"_ _2\"></span>ments imposed by<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ors in t<span class=\"_ _0\"></span>he count<span class=\"_ _2b\"></span>ries in which <span class=\"lse2 wsf1\">they<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">operate. Dividen<span class=\"_ _2\"></span>d payments are </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">sometim<span class=\"_ _0\"></span>es subj<span class=\"_ _0\"></span>ect to s<span class=\"_ _2b\"></span>hareholder agr<span class=\"_ _2b\"></span>eements with t<span class=\"_ _0\"></span>he part<span class=\"_ _0\"></span>ners in t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y806 ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">company. I<span class=\"lse0 wsf0\">n certain situat<span class=\"_ _2b\"></span>ions, consens<span class=\"_ _0\"></span>us is require<span class=\"_ _2b\"></span>d before dividen<span class=\"_ _0\"></span>d is </span></div>\n<div class=\"t m0 x7 h4f y807 ff2a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y808 ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on, shareh<span class=\"_ _2b\"></span>older agreement<span class=\"_ _0\"></span>s (relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to pa<span class=\"_ _0\"></span>rties havi<span class=\"_ _0\"></span>ng an</div>\n<div class=\"t m0 x7 h4f y80a ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t in <span class=\"wsf0\">a comp<span class=\"_ _2b\"></span>any in which Ageas has<span class=\"_ _0\"></span> a non<span class=\"ls0 ws0\">-</span>controll<span class=\"_ _2b\"></span>ing interest<span class=\"wsef\">) </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">may include:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80c ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc3c ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse0 wsf0\">specific articl<span class=\"_ _2b\"></span>es on voting rights or di<span class=\"_ _0\"></span>vidend dist<span class=\"_ _2b\"></span>ribution;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd61 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lsfb wsfa\">l<span class=\"_ _2\"></span>ock</span><span class=\"ff2a2\">-<span class=\"lse2 ws103\">up peri<span class=\"_ _2\"></span>ods during which all parties<span class=\"_ _2\"></span> having shares are not </span></span></span></div>\n<div class=\"t m0 x25a h4f yd62 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowed t<span class=\"_ _0\"></span>o sell shar<span class=\"_ _2b\"></span>es before a certain<span class=\"_ _0\"></span> period or with<span class=\"_ _2b\"></span>out prior</div>\n<div class=\"t m0 x25a h4f yd63 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">approv<span class=\"_ _0\"></span>al of the other p<span class=\"_ _2b\"></span>arties involve<span class=\"_ _0\"></span>d;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd64 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse0 wsfa\">options to sel<span class=\"_ _0\"></span>l or resel<span class=\"_ _2b\"></span>l shares to th<span class=\"_ _0\"></span>e other p<span class=\"_ _0\"></span>arty/pa<span class=\"_ _0\"></span>rties i<span class=\"_ _0\"></span>nvolved i<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x25a h4f yd65 ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the shareholder<span class=\"_ _2\"></span> agreement, including the und<span class=\"_ _2\"></span>erlying calculation</div>\n<div class=\"t m0 x25a h4f yd66 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy to value t<span class=\"_ _0\"></span>he shar<span class=\"_ _0\"></span>es;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd67 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse2 wsf1\">e<span class=\"_ _2\"></span>arn</span><span class=\"ff2a2\">-<span class=\"lse2 ws103\">out mechanisms<span class=\"_ _2\"></span> which allow the party original<span class=\"_ _2\"></span>ly selling the </span></span></span></div>\n<div class=\"t m0 x25a h4f yd68 ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares addi<span class=\"_ _2\"></span>tional revenues when<span class=\"_ _2\"></span> certain objectiv<span class=\"_ _2\"></span>es are realised;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y19ca ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse1 ws104\">e<span class=\"_ _2\"></span>xclusivity c<span class=\"_ _0\"></span>lause<span class=\"lse2 wsfa\">s or non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">com<span class=\"_ _2b\"></span>pete clauses r<span class=\"_ _0\"></span>elated t<span class=\"_ _2b\"></span>o the sales of </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y19cb ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance pr<span class=\"_ _2\"></span>oducts.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y19cc ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc48 ff2a2 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Royal Park<span class=\"_ _0\"></span> Investm<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc49 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">After the dis<span class=\"_ _2b\"></span>posal of the assets a<span class=\"_ _0\"></span>nd settle<span class=\"_ _0\"></span>ment of the li<span class=\"_ _0\"></span>abiliti<span class=\"_ _2b\"></span>es, the remaining act<span class=\"_ _2b\"></span>ivity of RPI is esse<span class=\"_ _0\"></span>ntially li<span class=\"_ _0\"></span>mited to the m<span class=\"_ _2b\"></span>ana<span class=\"wsfa\">gement of l<span class=\"_ _2b\"></span>itigation init<span class=\"_ _0\"></span>iated </span></div>\n<div class=\"t m0 x7 h4f yc4a ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">against a<span class=\"_ _2\"></span> number of US <span class=\"ws103\">finan<span class=\"_ _2\"></span>cial institutions<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 850px; height: 256px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 850px; height: 256px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 850px; height: 256px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 850px; height: 256px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag518": {
   "value": "\n<div class=\"t m0 x1a h6a y18e0 ff27d fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">10.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y18e1 ff27d fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Interests in unconsolidated<span class=\"_ _0\"></span> structured entities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18e2 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Insura<span class=\"_ _2b\"></span>nce, a subsidiary of<span class=\"_ _0\"></span> Ageas Gro<span class=\"_ _0\"></span>up, <span class=\"ls102 ws11d\">hold</span>s notes <span class=\"lsfb wsfa\">which </span></div>\n<div class=\"t m0 x1a h4f y18e3 ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">represent<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> </span><span class=\"ws103\">an interest (through<span class=\"_ _2\"></span> the rece<span class=\"lse0 wsf0\">ipt of pri<span class=\"_ _2b\"></span>ncipal and interes<span class=\"_ _0\"></span>t) in<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18e4 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">struct<span class=\"_ _0\"></span>ured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">that <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">it does not </span></span></span></span>consolidat<span class=\"_ _0\"></span>e. The struc<span class=\"_ _0\"></span>tured ent<span class=\"_ _2b\"></span>it<span class=\"ls102 ws11d\">ie<span class=\"_ _2\"></span>s </span></div>\n<div class=\"t m0 x1a h4f y18ef ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">invest<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">in mortgage receivab<span class=\"_ _2\"></span>les </span></span><span class=\"wsf0\">and leas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>eivabl<span class=\"_ _2b\"></span>es and generate<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y18f0 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">funds th<span class=\"_ _0\"></span>rough t<span class=\"_ _2b\"></span>he issu<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf0\">of not<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">or units.</span> </span></span></div>\n<div class=\"t m0 x1a h4f y18f1 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f2 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">These structured<span class=\"_ _2\"></span> notes <span class=\"wsfa\">and units <span class=\"lse0 wsf0\">are recorded in \u2019Inv<span class=\"_ _2b\"></span>estments avail<span class=\"_ _0\"></span>able </span></span></div>\n<div class=\"t m0 x1a h4f y18f3 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for sale\u2019.<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Ne<span class=\"_ _2b\"></span>xt to the notes <span class=\"_ _0\"></span>and unit<span class=\"_ _0\"></span>s, AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e does no<span class=\"_ _0\"></span>t <span class=\"lse2\">hold any </span></span></div>\n<div class=\"t m0 x1a h4f y18f4 ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other interest<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">in th<span class=\"_ _0\"></span>ese stru<span class=\"_ _0\"></span>ctured <span class=\"_ _0\"></span>entities<span class=\"_ _2b\"></span>. The <span class=\"wsf0\">maximum los<span class=\"_ _2b\"></span>s exposure<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y18f5 ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance has is <span class=\"lse2 ws103\">limited to the carrying amoun<span class=\"_ _2\"></span>t of the notes<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">or uni<span class=\"_ _2\"></span>ts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y18f6 ff277 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">held.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y18f7 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y18f8 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG I<span class=\"_ _0\"></span>nsuranc<span class=\"_ _0\"></span>e in the Fund of</div>\n<div class=\"t m0 x1a h4f y18f9 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">mortgage loan<span class=\"_ _2\"></span>s amounts to EU<span class=\"_ _2\"></span>R 319 million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR</div>\n<div class=\"t m0 x1a h4f y18fa ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">410 milli<span class=\"_ _0\"></span>on at 31 Decem<span class=\"_ _0\"></span>ber 2021<span class=\"_ _0\"></span>). The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interes<span class=\"_ _0\"></span>t held</div>\n<div class=\"t m0 x1a h4f y18fb ff277 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">by AG Ins<span class=\"_ _2b\"></span>urance in Leas<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">backed rec<span class=\"_ _2b\"></span>eivables amount<span class=\"_ _0\"></span>s to EUR 28 </span></div>\n<div class=\"t m0 x1a h4f y18fc ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022 <span class=\"_ _2\"></span>(EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">35 millio<span class=\"_ _2b\"></span>n at <span class=\"_ _2\"></span>31 De<span class=\"_ _0\"></span>cember 2<span class=\"_ _0\"></span>021). </span></span></div>\n<div class=\"t m0 x1a h4f y18fd ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing amou<span class=\"_ _0\"></span>nt of interest<span class=\"_ _0\"></span> held by AG Ins<span class=\"_ _2b\"></span>urance in Privat<span class=\"_ _0\"></span>e Equity</div>\n<div class=\"t m0 x1a h4f y18fe ff277 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">amounts to EUR 173<span class=\"_ _2\"></span> million at 31 December 2022 (EU<span class=\"_ _2\"></span>R 27<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">millio<span class=\"_ _0\"></span>n at 31 </span></span></div>\n<div class=\"t m0 x1a h4f y18ff ff277 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">December <span class=\"lse0 wsef\">2021).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1900 ff277 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1901 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Fund of mo<span class=\"_ _0\"></span>rtgage lo<span class=\"_ _2b\"></span>ans is fully detaine<span class=\"_ _2b\"></span>d by AG Insurance, a<span class=\"_ _0\"></span>nd the</div>\n<div class=\"t m0 x1a h4f y1902 ff277 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">total ass<span class=\"_ _0\"></span>ets of the Le<span class=\"_ _0\"></span>ase<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">backed receivabl<span class=\"_ _2\"></span>es amounts to E<span class=\"_ _2\"></span>UR 196 </span></span></div>\n<div class=\"t m0 x1a h4f y1903 ff277 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million a<span class=\"_ _2\"></span>t 31 December 2022<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span>(EUR 339 million <span class=\"_ _2\"></span>at 31 December <span class=\"_ _2\"></span>2021)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 453px; bottom: 202px; height: 415px; width: 353px; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1984 ff291 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span>s in uncons<span class=\"_ _2b\"></span>olidated struct<span class=\"_ _0\"></span>ured ent<span class=\"_ _0\"></span>ities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1985 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance, togethe<span class=\"_ _0\"></span>r with Ag<span class=\"_ _2b\"></span>eas France, Age<span class=\"_ _0\"></span>as Port<span class=\"_ _2b\"></span>ugal and Ageas</div>\n<div class=\"t m0 x7 h4f y1986 ff291 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hold not<span class=\"_ _2b\"></span>es which repres<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\">s </span><span class=\"wsef\">interest<span class=\"ls0 ws0\">s </span><span class=\"wsfa\">(thro<span class=\"_ _0\"></span>ugh the r<span class=\"_ _0\"></span>eceipt </span></span></span></div>\n<div class=\"t m0 x7 h4f y1987 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of princi<span class=\"_ _0\"></span>pal and int<span class=\"_ _0\"></span>erest) in st<span class=\"_ _0\"></span>ructure<span class=\"_ _2b\"></span>d entit<span class=\"lse2 wsf1\">ies<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">that <span class=\"_ _2\"></span></span></span><span class=\"ws103\">Ageas group<span class=\"ls0 ws0\"> </span></span>do</span><span class=\"wsef\">es<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">not<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1988 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidate.<span class=\"_ _2\"></span> The structured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf1\">inves<span class=\"wsfa\">t in mortgag<span class=\"_ _2\"></span>e receivables and<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1989 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are financed<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">through the is<span class=\"_ _2\"></span>su<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">of notes. </span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y198a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y198b ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Next to t<span class=\"_ _0\"></span>he notes<span class=\"_ _0\"></span>, AG Ins<span class=\"_ _2b\"></span>urance, Ageas F<span class=\"_ _2b\"></span>rance<span class=\"lse2\">, Ageas Rei<span class=\"_ _2\"></span>nsurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y198c ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l do not hold any<span class=\"_ _0\"></span> other inte<span class=\"_ _2b\"></span>rest in th<span class=\"ls0 ws0\">ese<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">structured </span></span></div>\n<div class=\"t m0 x1a h4f y198d ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">entit<span class=\"lse2 wsf1\">ies</span><span class=\"wsfa\">. T<span class=\"_ _0\"></span>he maximu<span class=\"_ _0\"></span>m loss e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">AG Insura</span><span class=\"wsf0\">nce, Ageas Fra<span class=\"_ _2b\"></span>nce, </span></span></div>\n<div class=\"t m0 x1a h4f y198e ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas Rei<span class=\"_ _2b\"></span>nsurance and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">have is li<span class=\"_ _0\"></span>mited t<span class=\"_ _0\"></span>o the ca<span class=\"_ _0\"></span>rrying </span></div>\n<div class=\"t m0 x1a h4f y198f ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amount <span class=\"wsf0\">of th<span class=\"_ _0\"></span>e notes hel<span class=\"_ _0\"></span>d (EUR 2,729<span class=\"_ _2b\"></span> million at 31 Dece<span class=\"_ _0\"></span>mber 2022 an<span class=\"_ _2b\"></span>d </span></div>\n<div class=\"t m0 x1a h4f y1990 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 2,35<span class=\"_ _0\"></span>5 million at 31 D<span class=\"_ _0\"></span>ecembe<span class=\"_ _0\"></span>r 2021).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 360px; height: 115px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsf2 ws108\" style=\"z-index: 15;\">Eq<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>ccou<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tments</div>\n<div class=\"t m0 x7 h63 y17d6 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">The following table provides an</div>\n<div class=\"t m0 x7 h63 y17d7 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">overview of the most significant</div>\n<div class=\"t m0 x7 h63 y17d8 ff299 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">associates and joint vent<span class=\"_ _0\"></span>ures<span class=\"ws113\">. The </span></div>\n<div class=\"t m0 x7 h63 y17d9 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">percentage of interest may <span class=\"lsf6 ws0\">vary in </span></div>\n<div class=\"t m0 x7 h63 y17da ff299 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">case there are several asso<span class=\"_ _0\"></span>ciates</div>\n<div class=\"t m0 x7 h63 y1994 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and joint ventures in one country</div>\n<div class=\"t m0 x7 h63 y1995 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">with different shareholdings\u2019</div>\n<div class=\"t m0 x7 h63 y1996 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">percentages held by the<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"ws112\">group.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y724 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 617px; bottom: 802px; z-index: 15;\">%</div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 787px; z-index: 15;\">interest<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h52 y1550 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 802px; z-index: 15;\">Carrying<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 679px; bottom: 787px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y1550 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 760px; bottom: 802px; z-index: 15;\">Carrying<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 787px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Associates and joint ventures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 633px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 718px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 756px; z-index: 15;\">China<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 756px; z-index: 15;\">12.00% <span class=\"ls0 ws0\">- <span class=\"_ _2\"></span></span>24.90%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 756px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 756px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 741px; z-index: 15;\">Thailand<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 741px; z-index: 15;\">7.83% <span class=\"ls0 ws0\">- <span class=\"_ _2\"></span><span class=\"lsec wsfe\">30.87%</span> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 741px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 741px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 727px; z-index: 15;\">Malaysia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 727px; z-index: 15;\">30.95%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 727px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 727px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Taiping Reinsurance Compan<span class=\"_ _0\"></span>y Limited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 712px; z-index: 15;\">China<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 712px; z-index: 15;\">24.99%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 712px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 712px; z-index: 15;\">328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 ls109 ws12c\" style=\"left: 324px; bottom: 697px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 697px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 697px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 697px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 697px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 324px; bottom: 682px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 682px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 682px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 682px; z-index: 15;\">7</div>\n<div class=\"t m0 x2f h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 682px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 667px; z-index: 15;\">Heylen group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 667px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 667px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 667px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 667px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff297 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 652px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 652px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 652px; z-index: 15;\">37.50%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 652px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y180c ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 637px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 494px; bottom: 637px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 637px; z-index: 15;\">40.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 637px; z-index: 15;\">152<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 637px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 623px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 494px; bottom: 623px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 623px; z-index: 15;\">36.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 623px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 623px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse6 wsf7\" style=\"left: 324px; bottom: 608px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 608px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 608px; z-index: 15;\">33.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 608px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 608px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 593px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 593px; z-index: 15;\">Philippines<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 593px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 593px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 593px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 578px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 578px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 578px; z-index: 15;\">56.50%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 578px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 578px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 563px; z-index: 15;\">Ageas Federal Life Insurance Company<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 563px; z-index: 15;\">India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 563px; z-index: 15;\">49.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 563px; z-index: 15;\">90<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 548px; z-index: 15;\">Royal Sundaram<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 494px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 534px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">General Insurance Company Limited</span> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 534px; z-index: 15;\">India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 534px; z-index: 15;\">40.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 534px; z-index: 15;\">157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 534px; z-index: 15;\">207<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 324px; bottom: 519px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 519px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 519px; z-index: 15;\">25.60%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 519px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 519px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 324px; bottom: 504px; z-index: 15;\">MB Ageas Lif<span class=\"_ _2\"></span>e JSC<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 504px; z-index: 15;\">Vietnam<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 504px; z-index: 15;\">32.09%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 504px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 504px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 489px; z-index: 15;\">Royal Park Investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 489px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 489px; z-index: 15;\">44.71%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 489px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 474px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 494px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 548px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 474px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 474px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 lsec wsfe\" style=\"left: 324px; bottom: 459px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5ff ff29a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 459px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5ff ff29a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 459px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y19a5 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19a6 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19a7 ff297 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">In <span class=\"lse2 wsfa\">2022, A<span class=\"_ _2\"></span>geas increase<span class=\"ls0 ws0\">d <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">its int<span class=\"_ _2b\"></span>erest in the joint ve<span class=\"_ _0\"></span>nture Age<span class=\"_ _0\"></span>as Fede<span class=\"_ _0\"></span>ral Life Ins<span class=\"_ _0\"></span>urance Co<span class=\"_ _0\"></span>mpany Ltd </span></span></span></div>\n<div class=\"t m0 x26 h4f y19a8 ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(AFLIC<span class=\"_ _0\"></span>) from 49% to 74%<span class=\"lsf4 ws114\">. T<span class=\"lse2 ws103\">his transaction is considered as a<span class=\"_ _2\"></span> step acquisition, hence the<span class=\"_ _2\"></span> previously </span></span></div>\n<div class=\"t m0 x26 h4f y19a9 ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">held inter<span class=\"_ _2b\"></span>est of 49% is treate<span class=\"_ _0\"></span>d as if it had been di<span class=\"_ _0\"></span>spose<span class=\"_ _0\"></span>d of (see note 3 Ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ions and dis<span class=\"_ _2b\"></span>posals</div>\n<div class=\"t m0 x26 h4f y19aa ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for more det<span class=\"_ _0\"></span>ails).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y19ab ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19ac ff297 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas r<span class=\"_ _0\"></span>ecorded<span class=\"_ _0\"></span> an imp<span class=\"_ _0\"></span>airment l<span class=\"_ _0\"></span>oss of EU<span class=\"_ _2b\"></span>R 29 million in <span class=\"_ _2b\"></span>2022 in relatio<span class=\"_ _2b\"></span>n to its interes<span class=\"_ _0\"></span>t in Roya<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x26 h4f y19ad ff297 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Sundaram Gener<span class=\"_ _2\"></span>al Insurance <span class=\"wsf1\">Compan<span class=\"_ _2\"></span>y <span class=\"lsfc ws115\">Limite<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 307px; height: 654px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff29d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The detai<span class=\"_ _0\"></span>ls of the equit<span class=\"_ _0\"></span>y account<span class=\"_ _0\"></span>ed invest<span class=\"_ _2b\"></span>ments<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are as follo<span class=\"_ _2\"></span>ws.</span> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff29d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 260px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse5 wsf5\" style=\"left: 254px; bottom: 1050px; z-index: 15;\">assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 251px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 318px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 300px; bottom: 1050px; z-index: 15;\"> <span class=\"lse4 wsf4\">liabilities</span> </div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 309px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 1050px; z-index: 15;\">Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 366px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 410px; bottom: 1065px; z-index: 15;\">Share in equity of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 427px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 1020px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 518px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 1050px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 512px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 576px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 1050px; z-index: 15;\">expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 570px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 563px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 1065px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 1050px; z-index: 15;\">result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 627px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19c h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 671px; bottom: 1065px; z-index: 15;\">Share in result of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 680px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 686px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 680px; bottom: 1020px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x11e h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 1035px; z-index: 15;\">Dividend<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 1020px; z-index: 15;\">received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff29f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 990px; z-index: 15;\">131,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 990px; z-index: 15;\">121,692<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 990px; z-index: 15;\">10,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 990px; z-index: 15;\">2,504<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 990px; z-index: 15;\">25,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 990px; z-index: 15;\">(24,454)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 990px; z-index: 15;\">773<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 990px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 990px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 975px; z-index: 15;\">17,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 975px; z-index: 15;\">15,278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 975px; z-index: 15;\">2,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 975px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 975px; z-index: 15;\">2,639<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 975px; z-index: 15;\">(2,438)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 975px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 975px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 975px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 960px; z-index: 15;\">10,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 960px; z-index: 15;\">8,652<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 960px; z-index: 15;\">1,441<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 960px; z-index: 15;\">446<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 960px; z-index: 15;\">1,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 960px; z-index: 15;\">(1,841)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 960px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 960px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 960px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Taiping Reinsurance Co. Lim<span class=\"_ _0\"></span>ited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 945px; z-index: 15;\">6,976<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 945px; z-index: 15;\">6,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 945px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 945px; z-index: 15;\">140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 945px; z-index: 15;\">1,947<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 945px; z-index: 15;\">(1,883)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 945px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 945px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 931px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 931px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 931px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 931px; z-index: 15;\">99<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 931px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 931px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 931px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 931px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 931px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 916px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 916px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 916px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 916px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 916px; z-index: 15;\">7</div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 916px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 916px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 916px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 916px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Heylen<span class=\"ls0 ws0\"> </span>group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 901px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 901px; z-index: 15;\">455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 901px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 901px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 901px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 901px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 901px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 901px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 886px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 886px; z-index: 15;\">1,563<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 886px; z-index: 15;\">1,345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 886px; z-index: 15;\">218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 886px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 886px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 886px; z-index: 15;\">(123)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 886px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 886px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 871px; z-index: 15;\">821<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 871px; z-index: 15;\">538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 871px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 871px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 871px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 871px; z-index: 15;\">(141)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 871px; z-index: 15;\">7</div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 856px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 856px; z-index: 15;\">887<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 856px; z-index: 15;\">713<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 856px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 856px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 856px; z-index: 15;\">78<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 856px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 856px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 856px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 842px; z-index: 15;\">305<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 842px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 842px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 842px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 842px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 842px; z-index: 15;\">(94)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 842px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 842px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 827px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 827px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 827px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 827px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 827px; z-index: 15;\">5</div>\n<div class=\"t m0 x31c h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 827px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 827px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 827px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 812px; z-index: 15;\">680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 812px; z-index: 15;\">572<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 812px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 812px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 812px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 812px; z-index: 15;\">(328)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 812px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 812px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Ageas Federal Life Insurance Co.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 797px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 797px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Royal Sundaram General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Insurance Company Limited</span> </div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 767px; z-index: 15;\">981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 767px; z-index: 15;\">827<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 767px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 767px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 767px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 767px; z-index: 15;\">(338)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 767px; z-index: 15;\">8</div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 767px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 767px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 752px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 752px; z-index: 15;\">532<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 752px; z-index: 15;\">320<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 752px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 752px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 752px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 752px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 752px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 752px; z-index: 15;\">3</div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 738px; z-index: 15;\">MB <span class=\"lse4 wsf3\">Ageas Life JSC<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 738px; z-index: 15;\">380<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 738px; z-index: 15;\">310<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 738px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 738px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 738px; z-index: 15;\">272<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 738px; z-index: 15;\">(269)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 738px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 738px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 723px; z-index: 15;\">Royal Park Investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 275px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Related Goodwill<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">and impairment<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 708px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 693px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 693px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 693px; z-index: 15;\">9</div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 693px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2a0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 678px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 678px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 678px; z-index: 15;\">184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 740px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 740px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 588px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 260px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5fc ff29d fs3c fc10 sc0 lse5 wsf5\" style=\"left: 254px; bottom: 618px; z-index: 15;\">assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 251px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 318px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 300px; bottom: 618px; z-index: 15;\"> <span class=\"lse4 wsf4\">liabilities</span> </div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 309px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 618px; z-index: 15;\">Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 366px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x143 h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 410px; bottom: 633px; z-index: 15;\">Share in equity of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 618px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 427px; bottom: 603px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 588px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 518px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 618px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 512px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 576px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 618px; z-index: 15;\">expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 570px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 563px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 633px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 618px; z-index: 15;\">result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 627px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19c h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 671px; bottom: 633px; z-index: 15;\">Share in <span class=\"lsef ws102\">result of<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x198 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 680px; bottom: 618px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 686px; bottom: 603px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 680px; bottom: 588px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 603px; z-index: 15;\">Dividend<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 588px; z-index: 15;\">received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff29f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 558px; z-index: 15;\">118,344<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 558px; z-index: 15;\">108,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 558px; z-index: 15;\">10,289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 558px; z-index: 15;\">2,525<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 558px; z-index: 15;\">24,424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 558px; z-index: 15;\">(23,277)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 558px; z-index: 15;\">1,147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 558px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 558px; z-index: 15;\">160<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 543px; z-index: 15;\">17,973<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 543px; z-index: 15;\">14,444<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 543px; z-index: 15;\">3,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 543px; z-index: 15;\">1,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 543px; z-index: 15;\">2,666<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 543px; z-index: 15;\">(2,398)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 543px; z-index: 15;\">268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 543px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 543px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 528px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 528px; z-index: 15;\">9,873<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 528px; z-index: 15;\">8,292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 528px; z-index: 15;\">1,581<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 528px; z-index: 15;\">489<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 528px; z-index: 15;\">1,829<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 528px; z-index: 15;\">(1,659)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 528px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 528px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 528px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Taiping Reinsurance Co. Lim<span class=\"_ _0\"></span>ited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 513px; z-index: 15;\">7,183<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 513px; z-index: 15;\">6,068<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 513px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 513px; z-index: 15;\">279<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 513px; z-index: 15;\">1,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 513px; z-index: 15;\">(1,900)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 513px; z-index: 15;\">8</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 513px; z-index: 15;\">2</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 498px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 498px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 498px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 498px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 498px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 498px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 498px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 498px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 498px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 484px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 484px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 484px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 484px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 484px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 484px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 484px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 484px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 484px; z-index: 15;\">8</div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Heylen group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 469px; z-index: 15;\">608<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 469px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 469px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 469px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 469px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 469px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 469px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 469px; z-index: 15;\">6</div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 454px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 454px; z-index: 15;\">1,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 454px; z-index: 15;\">1,735<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 378px; bottom: 454px; z-index: 15;\">(85)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 454px; z-index: 15;\">177<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 454px; z-index: 15;\">(164)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 454px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 454px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 439px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 439px; z-index: 15;\">614<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 439px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 439px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 439px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 439px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 439px; z-index: 15;\">(158)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 439px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 439px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 439px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 424px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 424px; z-index: 15;\">860<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 424px; z-index: 15;\">670<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 424px; z-index: 15;\">190<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 424px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 424px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 424px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 424px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 424px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 424px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 409px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 409px; z-index: 15;\">251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 409px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 409px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 409px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 409px; z-index: 15;\">75<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 409px; z-index: 15;\">(84)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 409px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 409px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 409px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 394px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 394px; z-index: 15;\">249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 394px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 394px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 394px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 394px; z-index: 15;\">3</div>\n<div class=\"t m0 x31c h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 394px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 394px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 394px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 394px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 380px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 380px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 380px; z-index: 15;\">368<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 380px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 380px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 380px; z-index: 15;\">318<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 380px; z-index: 15;\">(288)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 380px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 380px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 380px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 365px; z-index: 15;\">Ageas Federal Life Insurance Co.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 365px; z-index: 15;\">1,740<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 365px; z-index: 15;\">1,583<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 365px; z-index: 15;\">157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 365px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 365px; z-index: 15;\">400<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 365px; z-index: 15;\">(391)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 365px; z-index: 15;\">9</div>\n<div class=\"t m0 x44 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 365px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f1 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 365px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y647 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 350px; z-index: 15;\">Royal Sundaram General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 335px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Insurance Company Limited</span> </div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 335px; z-index: 15;\">968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 335px; z-index: 15;\">777<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 335px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 335px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 335px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 335px; z-index: 15;\">(300)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 335px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 335px; z-index: 15;\">9</div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 335px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 320px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 320px; z-index: 15;\">542<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 320px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 320px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 320px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 320px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 320px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 320px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 320px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 320px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 305px; z-index: 15;\">MB Ageas Lif<span class=\"_ _2\"></span>e JSC<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 305px; z-index: 15;\">278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 305px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 305px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 305px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 305px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 305px; z-index: 15;\">(215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 305px; z-index: 15;\">9</div>\n<div class=\"t m0 x44 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 305px; z-index: 15;\">3</div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 305px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 290px; z-index: 15;\">Royal Park <span class=\"lse8 ws10b\">Investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 275px; bottom: 290px; z-index: 15;\">7</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 290px; z-index: 15;\">7</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 276px; z-index: 15;\">Related Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 276px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 261px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 261px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 261px; z-index: 15;\">5</div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 261px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2a0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 246px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 246px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 246px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 246px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 235px; height: 871px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Equity <span class=\"lse0 wsf0\">associates an<span class=\"_ _0\"></span>d joint vent<span class=\"_ _0\"></span>ures<span class=\"ls0 ws0\"> </span>are su<span class=\"_ _0\"></span>bject to div<span class=\"_ _0\"></span>idend res<span class=\"_ _0\"></span>tricti<span class=\"_ _2b\"></span>ons </span></div>\n<div class=\"t m0 x7 h4f y803 ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">arising <span class=\"_ _2\"></span>from minimum capital a<span class=\"_ _2\"></span>nd solvency require<span class=\"_ _2\"></span>ments imposed by<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ors in t<span class=\"_ _0\"></span>he count<span class=\"_ _2b\"></span>ries in which <span class=\"lse2 wsf1\">they<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">operate. Dividen<span class=\"_ _2\"></span>d payments are </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">sometim<span class=\"_ _0\"></span>es subj<span class=\"_ _0\"></span>ect to s<span class=\"_ _2b\"></span>hareholder agr<span class=\"_ _2b\"></span>eements with t<span class=\"_ _0\"></span>he part<span class=\"_ _0\"></span>ners in t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y806 ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">company. I<span class=\"lse0 wsf0\">n certain situat<span class=\"_ _2b\"></span>ions, consens<span class=\"_ _0\"></span>us is require<span class=\"_ _2b\"></span>d before dividen<span class=\"_ _0\"></span>d is </span></div>\n<div class=\"t m0 x7 h4f y807 ff2a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y808 ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on, shareh<span class=\"_ _2b\"></span>older agreement<span class=\"_ _0\"></span>s (relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to pa<span class=\"_ _0\"></span>rties havi<span class=\"_ _0\"></span>ng an</div>\n<div class=\"t m0 x7 h4f y80a ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t in <span class=\"wsf0\">a comp<span class=\"_ _2b\"></span>any in which Ageas has<span class=\"_ _0\"></span> a non<span class=\"ls0 ws0\">-</span>controll<span class=\"_ _2b\"></span>ing interest<span class=\"wsef\">) </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">may include:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80c ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc3c ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse0 wsf0\">specific articl<span class=\"_ _2b\"></span>es on voting rights or di<span class=\"_ _0\"></span>vidend dist<span class=\"_ _2b\"></span>ribution;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd61 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lsfb wsfa\">l<span class=\"_ _2\"></span>ock</span><span class=\"ff2a2\">-<span class=\"lse2 ws103\">up peri<span class=\"_ _2\"></span>ods during which all parties<span class=\"_ _2\"></span> having shares are not </span></span></span></div>\n<div class=\"t m0 x25a h4f yd62 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowed t<span class=\"_ _0\"></span>o sell shar<span class=\"_ _2b\"></span>es before a certain<span class=\"_ _0\"></span> period or with<span class=\"_ _2b\"></span>out prior</div>\n<div class=\"t m0 x25a h4f yd63 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">approv<span class=\"_ _0\"></span>al of the other p<span class=\"_ _2b\"></span>arties involve<span class=\"_ _0\"></span>d;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd64 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse0 wsfa\">options to sel<span class=\"_ _0\"></span>l or resel<span class=\"_ _2b\"></span>l shares to th<span class=\"_ _0\"></span>e other p<span class=\"_ _0\"></span>arty/pa<span class=\"_ _0\"></span>rties i<span class=\"_ _0\"></span>nvolved i<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x25a h4f yd65 ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the shareholder<span class=\"_ _2\"></span> agreement, including the und<span class=\"_ _2\"></span>erlying calculation</div>\n<div class=\"t m0 x25a h4f yd66 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy to value t<span class=\"_ _0\"></span>he shar<span class=\"_ _0\"></span>es;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd67 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse2 wsf1\">e<span class=\"_ _2\"></span>arn</span><span class=\"ff2a2\">-<span class=\"lse2 ws103\">out mechanisms<span class=\"_ _2\"></span> which allow the party original<span class=\"_ _2\"></span>ly selling the </span></span></span></div>\n<div class=\"t m0 x25a h4f yd68 ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares addi<span class=\"_ _2\"></span>tional revenues when<span class=\"_ _2\"></span> certain objectiv<span class=\"_ _2\"></span>es are realised;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y19ca ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse1 ws104\">e<span class=\"_ _2\"></span>xclusivity c<span class=\"_ _0\"></span>lause<span class=\"lse2 wsfa\">s or non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">com<span class=\"_ _2b\"></span>pete clauses r<span class=\"_ _0\"></span>elated t<span class=\"_ _2b\"></span>o the sales of </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y19cb ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance pr<span class=\"_ _2\"></span>oducts.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y19cc ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc48 ff2a2 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Royal Park<span class=\"_ _0\"></span> Investm<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc49 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">After the dis<span class=\"_ _2b\"></span>posal of the assets a<span class=\"_ _0\"></span>nd settle<span class=\"_ _0\"></span>ment of the li<span class=\"_ _0\"></span>abiliti<span class=\"_ _2b\"></span>es, the remaining act<span class=\"_ _2b\"></span>ivity of RPI is esse<span class=\"_ _0\"></span>ntially li<span class=\"_ _0\"></span>mited to the m<span class=\"_ _2b\"></span>ana<span class=\"wsfa\">gement of l<span class=\"_ _2b\"></span>itigation init<span class=\"_ _0\"></span>iated </span></div>\n<div class=\"t m0 x7 h4f yc4a ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">against a<span class=\"_ _2\"></span> number of US <span class=\"ws103\">finan<span class=\"_ _2\"></span>cial institutions<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 850px; height: 256px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag517": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">In<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">propert<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h63 y17d6 ff280 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Investment property mainly</div>\n<div class=\"t m0 x7 h63 y17d7 ff280 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">comprises<span class=\"ls0 ws0\"> <span class=\"lsf8 ws10f\">office buildings and </span></span></div>\n<div class=\"t m0 x7 h63 y17d8 ff280 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">retail space.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x3 h52 y1550 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 538px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y1550 ff27e fs3c fc10 sc0 lse4 wsf3\" style=\"left: 590px; bottom: 816px; z-index: 15;\">31 December <span class=\"wsf4\">2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x304 h52 y1550 ff27e fs3c fc10 sc0 lse4 wsf3\" style=\"left: 717px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x247 h54 y608 ff281 fs3c fc14 sc0 ls0 ws0\" style=\"left: 666px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x247 h54 y608 ff281 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f4 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 646px; bottom: 786px; z-index: 15;\">3,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f4 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 786px; z-index: 15;\">3,120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Impairments of investment p<span class=\"_ _0\"></span>roperty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 771px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 771px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff282 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment pr<span class=\"_ _0\"></span>operty<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 646px; bottom: 756px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 756px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1906 ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1907 ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 xf2 h52 y5f9 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 535px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x225 h52 y5f9 ff27e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 709px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff27e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 709px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y60e ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y60e ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff282 fs3c fc10 sc0 lsef ws102\" style=\"left: 324px; bottom: 679px; z-index: 15;\">Acqui<span class=\"_ _2\"></span>sition cos<span class=\"_ _2\"></span>t as at 1 Janua<span class=\"_ _2\"></span>ry<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5fc ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 679px; z-index: 15;\">3,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5fc ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 679px; z-index: 15;\">3,661<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff27e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 664px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f7 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 649px; bottom: 664px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y5f7 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 649px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 649px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 649px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 634px; z-index: 15;\">Additions/purchases<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 634px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 634px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff27e fs3c fc14 sc0 lsec ws100\" style=\"left: 324px; bottom: 619px; z-index: 15;\">Capi<span class=\"_ _2\"></span>tal impro<span class=\"_ _2\"></span>vements<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5ff ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 619px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5ff ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 619px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 604px; z-index: 15;\">Disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 604px; z-index: 15;\">(350)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 604px; z-index: 15;\">(100)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 590px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y603 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 590px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y603 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 590px; z-index: 15;\">(43)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 575px; z-index: 15;\">Acquisition cost as a<span class=\"_ _0\"></span>t 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y605 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 575px; z-index: 15;\">3,841<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y605 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 575px; z-index: 15;\">3,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y603 ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y603 ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 545px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 545px; z-index: 15;\">(810)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 545px; z-index: 15;\">(770)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff27e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 530px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y632 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 530px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y632 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 515px; z-index: 15;\">Depreciation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f2 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 649px; bottom: 515px; z-index: 15;\">(95)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f2 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 515px; z-index: 15;\">(97)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 500px; z-index: 15;\">Reversal of depreciation due<span class=\"_ _0\"></span> to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 ydd0 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 500px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 ydd0 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 500px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 486px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 649px; bottom: 486px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 486px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 471px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 471px; z-index: 15;\">(805)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 471px; z-index: 15;\">(810)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y5f9 ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y5f9 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff282 fs3c fc10 sc0 lsef ws102\" style=\"left: 324px; bottom: 441px; z-index: 15;\">Accumu<span class=\"_ _2\"></span>lated imp<span class=\"_ _2\"></span>airments a<span class=\"_ _2\"></span>s at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5f7 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 441px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5f7 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 441px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 426px; z-index: 15;\">Increase in <span class=\"lsef ws10a\">impa<span class=\"_ _2\"></span>irment<span class=\"ls0 ws0\">s </span></span></div>\n<div class=\"t m0 x356 h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 426px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y5fc ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 411px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y601 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x356 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 411px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 397px; z-index: 15;\">Accumulated impairments as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 397px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 397px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y601 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y601 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 367px; z-index: 15;\">Net investment property as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 367px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 367px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y191e ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y191f ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x26 h4f y1920 ff27e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As at 31<span class=\"ls0 ws0\"> </span>Decem<span class=\"_ _0\"></span>ber 2022 and 3<span class=\"_ _2b\"></span>1<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">December 2021</span></span>, no property was pl<span class=\"_ _0\"></span>edged as col<span class=\"_ _2b\"></span>lateral (see als<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x26 h4f y1921 ff27e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">note 21 B<span class=\"_ _2\"></span>orrowings). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 294px; height: 31px; width: 471px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 293px; height: 668px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 293px; height: 668px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 293px; height: 668px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y1030 ff285 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Annual appra<span class=\"_ _2\"></span>isals, whereby <span class=\"_ _2\"></span>the independent apprai<span class=\"_ _2\"></span>sers are rotated</div>\n<div class=\"t m0 x7 h4f y192c ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">every thr<span class=\"_ _0\"></span>ee years, c<span class=\"_ _0\"></span>over almost<span class=\"_ _0\"></span> all of the inv<span class=\"_ _2b\"></span>estment propert<span class=\"_ _0\"></span>ies. Fair</div>\n<div class=\"t m0 x7 h4f y192d ff285 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">values (le<span class=\"_ _2\"></span>vel 3) are based<span class=\"_ _2\"></span> on non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">observable m<span class=\"_ _2b\"></span>arket data and/or </span></span></div>\n<div class=\"t m0 x7 h4f y192e ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash flows.<span class=\"_ _2b\"></span> Expected pro<span class=\"_ _0\"></span>perty ca<span class=\"_ _0\"></span>sh flows t<span class=\"_ _2b\"></span>aken into acc<span class=\"_ _0\"></span>ount</div>\n<div class=\"t m0 x7 h4f y192f ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d rental inc<span class=\"_ _2b\"></span>ome growth rates,<span class=\"_ _0\"></span> void peri<span class=\"_ _0\"></span>ods, occ<span class=\"_ _0\"></span>upancy rat<span class=\"_ _2b\"></span>es,</div>\n<div class=\"t m0 x7 h4f y1930 ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease inc<span class=\"_ _0\"></span>entive co<span class=\"_ _0\"></span>sts, such as<span class=\"_ _0\"></span> rent<span class=\"ls0 ws0\">-</span>free peri<span class=\"_ _2b\"></span>ods, and other cost<span class=\"_ _0\"></span>s not paid</div>\n<div class=\"t m0 x1a h4f y1931 ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">by tena<span class=\"_ _0\"></span>nts. Exp<span class=\"_ _0\"></span>ected n<span class=\"_ _0\"></span>et cash fl<span class=\"_ _2b\"></span>ows are then d<span class=\"_ _0\"></span>iscount<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g risk<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1932 ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed discount<span class=\"_ _0\"></span> rates. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1933 ff285 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Among other fact<span class=\"_ _2\"></span>ors, the discount rate estima<span class=\"_ _2\"></span>tion considers the quali<span class=\"_ _2\"></span>ty</div>\n<div class=\"t m0 x1a h4f y1934 ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of a buil<span class=\"_ _0\"></span>ding an<span class=\"_ _0\"></span>d its loc<span class=\"_ _0\"></span>ation (<span class=\"_ _0\"></span>prime v<span class=\"_ _2b\"></span>s secondary), t<span class=\"_ _2b\"></span>enant credit q<span class=\"_ _0\"></span>uality</div>\n<div class=\"t m0 x1a h4f y1935 ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and lease t<span class=\"_ _0\"></span>erms. For d<span class=\"_ _0\"></span>evelopm<span class=\"_ _0\"></span>ent prope<span class=\"_ _0\"></span>rty (i.e. u<span class=\"_ _0\"></span>nder const<span class=\"_ _0\"></span>ructi<span class=\"_ _0\"></span>on), the</div>\n<div class=\"t m0 x1a h4f y1936 ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue is set<span class=\"_ _0\"></span> to cost <span class=\"_ _2b\"></span>until the prop<span class=\"_ _0\"></span>erty is o<span class=\"_ _0\"></span>perati<span class=\"_ _2b\"></span>onal.</div>\n<div class=\"t m0 x7 h4f y1937 ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1938 ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x25 h52 y60e ff285 fs3c fc10 sc0 ls0 ws0\" style=\"left: 452px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y60e ff285 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 946px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y60e ff285 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 946px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Fair values supported by market evidence<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 916px; z-index: 15;\">579<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">483<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Fair value subject to an independent valuation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 901px; z-index: 15;\">3,627<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 901px; z-index: 15;\">3,823<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff287 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue of inv<span class=\"_ _2b\"></span>estment prope<span class=\"_ _0\"></span>rty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 886px; z-index: 15;\">4,206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 886px; z-index: 15;\">4,306<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Total carrying amount (<span class=\"_ _0\"></span>including lease liability)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 871px; z-index: 15;\">2,969<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 871px; z-index: 15;\">3,057<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff287 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Gross u<span class=\"_ _2b\"></span>nrealised gai<span class=\"_ _2b\"></span>ns (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 856px; z-index: 15;\">1,237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 856px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Unrealised gains (losses) to policyholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5ff ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x145 h52 y5ff ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 842px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 827px; z-index: 15;\">(343)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 827px; z-index: 15;\">(342)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff287 fs3c fc10 sc0 lsee ws101\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Net unrealised gains (lo<span class=\"_ _2\"></span>sses) (not recognised in equity)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 812px; z-index: 15;\">894<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 812px; z-index: 15;\">867<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y193a ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y193b ff285 fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">Property<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">rented out under oper<span class=\"_ _2\"></span>ating lease<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y193c ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rent<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">out</span> <span class=\"lse2 ws103\">certain assets<span class=\"_ _2\"></span> </span>\u2013 </span><span class=\"wsfa\">mainly <span class=\"_ _0\"></span>property <span class=\"_ _0\"></span>held for<span class=\"_ _2b\"></span> investment pu<span class=\"_ _0\"></span>rposes <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsf0\">to exter<span class=\"_ _2b\"></span>nal parties based on op<span class=\"_ _2b\"></span>erating lease ag<span class=\"_ _0\"></span>reements<span class=\"_ _0\"></span>. As at </span></span></div>\n<div class=\"t m0 x7 h4f y193d ff285 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Decemb<span class=\"_ _0\"></span>er the mi<span class=\"_ _0\"></span>nimum p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s to be rec<span class=\"_ _2b\"></span>eived from i<span class=\"_ _0\"></span>rrevoca<span class=\"_ _0\"></span>ble leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>ments am<span class=\"_ _2b\"></span>ounted to:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y193e ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff285 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 702px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y605 ff285 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 702px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y605 ff285 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 702px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff288 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff288 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 671px; z-index: 15;\">Less than 3 <span class=\"lsec wsfe\">mont<span class=\"_ _2\"></span>hs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y608 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 671px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 671px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 656px; z-index: 15;\">3 months to 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 656px; z-index: 15;\">156<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 656px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 642px; z-index: 15;\">1 year to 2 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 642px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 642px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 627px; z-index: 15;\">2 years to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 627px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 627px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 612px; z-index: 15;\">3 years to 4 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 612px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 612px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 597px; z-index: 15;\">4 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 597px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 597px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 582px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 582px; z-index: 15;\">635<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 582px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff287 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 567px; z-index: 15;\">Total undiscounted lease payments receivable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 567px; z-index: 15;\">1,391<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 567px; z-index: 15;\">1,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1949 ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y194a ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y194b ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> <span class=\"lsfa ws114\">EUR<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">97<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">mi<span class=\"_ _2\"></span>llion</span> <span class=\"ls102 ws11d\">in <span class=\"lse2 wsf1\">2022<span class=\"_ _2\"></span></span></span> </span><span class=\"wsfa\">of the t<span class=\"_ _2b\"></span>otal minimum p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s to be re<span class=\"_ _2b\"></span>ceived from i<span class=\"_ _0\"></span>rrevocab<span class=\"_ _0\"></span>le leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>ments rel<span class=\"_ _2b\"></span>ates to propert<span class=\"_ _0\"></span>y, pla<span class=\"_ _0\"></span>nt and </span></span></div>\n<div class=\"t m0 x7 h4f y194c ff285 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">equipment (<span class=\"wsf1\">2021<span class=\"_ _2\"></span><span class=\"lsfa ws136\">: EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">66</span> <span class=\"lse0 wsf0\">million). T<span class=\"_ _2b\"></span>he remainder relat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>to inv<span class=\"_ _2b\"></span>estment prope<span class=\"_ _0\"></span>rty<span class=\"ls0 ws0\">. </span></span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 494px; height: 612px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 494px; height: 612px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 494px; height: 612px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Int<span class=\"_ _2b\"></span>e<span class=\"_ _2\"></span>res<span class=\"_ _0\"></span>t, dividend a<span class=\"_ _2\"></span>nd</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">other in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>estme<span class=\"_ _2\"></span>n<span class=\"_ _2b\"></span>t in<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>me</div>\n<div class=\"t m0 x2a3 h54 y1550 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y1550 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff37f fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st inco<span class=\"_ _2b\"></span>me<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff37f fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff37f fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Interest income on cas<span class=\"_ _0\"></span>h &amp; cash equivalents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 786px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5f4 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on loans to b<span class=\"_ _2\"></span>anks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Interest income on investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">1,331<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,355<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on loans to cu<span class=\"_ _2\"></span>stomers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on <span class=\"lse4 wsf3\">derivatives held <span class=\"_ _0\"></span>for trading and other<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 727px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h54 y5fc ff381 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total interest income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,734<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,683<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Dividend income from equity securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 682px; z-index: 15;\">164<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 682px; z-index: 15;\">161<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Rental income from inv<span class=\"_ _0\"></span>estment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 667px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 667px; z-index: 15;\">211<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Rental income from pa<span class=\"_ _0\"></span>rking garage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y180c ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">456<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y180c ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 652px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff37f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff381 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 623px; z-index: 15;\">Total interest, dividend <span class=\"_ _2\"></span>and other investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 623px; z-index: 15;\">2,648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 623px; z-index: 15;\">2,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e69 ff37f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Rental i<span class=\"_ _0\"></span>ncome from<span class=\"_ _0\"></span> car parks in 2<span class=\"_ _0\"></span>021 was adver<span class=\"_ _2b\"></span>sely impacted by th<span class=\"_ _0\"></span>e Covid<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">19 pandemic, <span class=\"lse0\">especially f<span class=\"_ _0\"></span>or airp<span class=\"_ _0\"></span>ort and c<span class=\"_ _2b\"></span>ity <span class=\"wsef\">centre<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">car park<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\">. </span></span></span></span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 565px; height: 396px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1c16 ff37f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c17 ff37f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 565px; height: 396px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag521": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">In<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">propert<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h63 y17d6 ff280 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Investment property mainly</div>\n<div class=\"t m0 x7 h63 y17d7 ff280 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">comprises<span class=\"ls0 ws0\"> <span class=\"lsf8 ws10f\">office buildings and </span></span></div>\n<div class=\"t m0 x7 h63 y17d8 ff280 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">retail space.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x3 h52 y1550 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 538px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y1550 ff27e fs3c fc10 sc0 lse4 wsf3\" style=\"left: 590px; bottom: 816px; z-index: 15;\">31 December <span class=\"wsf4\">2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x304 h52 y1550 ff27e fs3c fc10 sc0 lse4 wsf3\" style=\"left: 717px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x247 h54 y608 ff281 fs3c fc14 sc0 ls0 ws0\" style=\"left: 666px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x247 h54 y608 ff281 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f4 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 646px; bottom: 786px; z-index: 15;\">3,037<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f4 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 786px; z-index: 15;\">3,120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Impairments of investment p<span class=\"_ _0\"></span>roperty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 771px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 771px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff282 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Total in<span class=\"_ _2b\"></span>vestment pr<span class=\"_ _0\"></span>operty<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 646px; bottom: 756px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 756px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1906 ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1907 ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 xf2 h52 y5f9 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 535px; bottom: 709px; z-index: 15;\"> </div>\n<div class=\"t m0 x225 h52 y5f9 ff27e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 709px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f9 ff27e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 709px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y60e ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y60e ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff282 fs3c fc10 sc0 lsef ws102\" style=\"left: 324px; bottom: 679px; z-index: 15;\">Acqui<span class=\"_ _2\"></span>sition cos<span class=\"_ _2\"></span>t as at 1 Janua<span class=\"_ _2\"></span>ry<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5fc ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 679px; z-index: 15;\">3,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5fc ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 679px; z-index: 15;\">3,661<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff27e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 664px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f7 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 649px; bottom: 664px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y5f7 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 664px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 649px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 649px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 649px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 634px; z-index: 15;\">Additions/purchases<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 634px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 634px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff27e fs3c fc14 sc0 lsec ws100\" style=\"left: 324px; bottom: 619px; z-index: 15;\">Capi<span class=\"_ _2\"></span>tal impro<span class=\"_ _2\"></span>vements<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5ff ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 619px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5ff ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 619px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 604px; z-index: 15;\">Disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 604px; z-index: 15;\">(350)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 604px; z-index: 15;\">(100)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 590px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y603 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 590px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y603 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 590px; z-index: 15;\">(43)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 575px; z-index: 15;\">Acquisition cost as a<span class=\"_ _0\"></span>t 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y605 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 575px; z-index: 15;\">3,841<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y605 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 575px; z-index: 15;\">3,930<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y603 ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y603 ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 545px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 545px; z-index: 15;\">(810)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 545px; z-index: 15;\">(770)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff27e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 530px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y632 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 530px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y632 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 515px; z-index: 15;\">Depreciation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f2 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 649px; bottom: 515px; z-index: 15;\">(95)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f2 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 515px; z-index: 15;\">(97)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff27e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 500px; z-index: 15;\">Reversal of depreciation due<span class=\"_ _0\"></span> to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 ydd0 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 500px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 ydd0 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 500px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 486px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 649px; bottom: 486px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5f9 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 486px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 471px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 471px; z-index: 15;\">(805)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y60e ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 471px; z-index: 15;\">(810)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff27e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y5f9 ff281 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y5f9 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 456px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff282 fs3c fc10 sc0 lsef ws102\" style=\"left: 324px; bottom: 441px; z-index: 15;\">Accumu<span class=\"_ _2\"></span>lated imp<span class=\"_ _2\"></span>airments a<span class=\"_ _2\"></span>s at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5f7 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 441px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5f7 ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 441px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 426px; z-index: 15;\">Increase in <span class=\"lsef ws10a\">impa<span class=\"_ _2\"></span>irment<span class=\"ls0 ws0\">s </span></span></div>\n<div class=\"t m0 x356 h52 y5fc ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 426px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y5fc ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 426px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 411px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y601 ff27e fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 411px; z-index: 15;\"> </div>\n<div class=\"t m0 x356 h52 y601 ff27e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 411px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 397px; z-index: 15;\">Accumulated impairments as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 397px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x356 h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 397px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y601 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 665px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h54 y601 ff282 fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 382px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 367px; z-index: 15;\">Net investment property as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 367px; z-index: 15;\">3,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5ff ff282 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 367px; z-index: 15;\">3,117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y191e ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y191f ff27e fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x26 h4f y1920 ff27e fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As at 31<span class=\"ls0 ws0\"> </span>Decem<span class=\"_ _0\"></span>ber 2022 and 3<span class=\"_ _2b\"></span>1<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">December 2021</span></span>, no property was pl<span class=\"_ _0\"></span>edged as col<span class=\"_ _2b\"></span>lateral (see als<span class=\"_ _0\"></span>o</div>\n<div class=\"t m0 x26 h4f y1921 ff27e fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">note 21 B<span class=\"_ _2\"></span>orrowings). <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 294px; height: 31px; width: 471px; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 293px; height: 668px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 293px; height: 668px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y1030 ff285 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Annual appra<span class=\"_ _2\"></span>isals, whereby <span class=\"_ _2\"></span>the independent apprai<span class=\"_ _2\"></span>sers are rotated</div>\n<div class=\"t m0 x7 h4f y192c ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">every thr<span class=\"_ _0\"></span>ee years, c<span class=\"_ _0\"></span>over almost<span class=\"_ _0\"></span> all of the inv<span class=\"_ _2b\"></span>estment propert<span class=\"_ _0\"></span>ies. Fair</div>\n<div class=\"t m0 x7 h4f y192d ff285 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">values (le<span class=\"_ _2\"></span>vel 3) are based<span class=\"_ _2\"></span> on non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">observable m<span class=\"_ _2b\"></span>arket data and/or </span></span></div>\n<div class=\"t m0 x7 h4f y192e ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash flows.<span class=\"_ _2b\"></span> Expected pro<span class=\"_ _0\"></span>perty ca<span class=\"_ _0\"></span>sh flows t<span class=\"_ _2b\"></span>aken into acc<span class=\"_ _0\"></span>ount</div>\n<div class=\"t m0 x7 h4f y192f ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d rental inc<span class=\"_ _2b\"></span>ome growth rates,<span class=\"_ _0\"></span> void peri<span class=\"_ _0\"></span>ods, occ<span class=\"_ _0\"></span>upancy rat<span class=\"_ _2b\"></span>es,</div>\n<div class=\"t m0 x7 h4f y1930 ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lease inc<span class=\"_ _0\"></span>entive co<span class=\"_ _0\"></span>sts, such as<span class=\"_ _0\"></span> rent<span class=\"ls0 ws0\">-</span>free peri<span class=\"_ _2b\"></span>ods, and other cost<span class=\"_ _0\"></span>s not paid</div>\n<div class=\"t m0 x1a h4f y1931 ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">by tena<span class=\"_ _0\"></span>nts. Exp<span class=\"_ _0\"></span>ected n<span class=\"_ _0\"></span>et cash fl<span class=\"_ _2b\"></span>ows are then d<span class=\"_ _0\"></span>iscount<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g risk<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1932 ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">adjust<span class=\"_ _0\"></span>ed discount<span class=\"_ _0\"></span> rates. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1933 ff285 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Among other fact<span class=\"_ _2\"></span>ors, the discount rate estima<span class=\"_ _2\"></span>tion considers the quali<span class=\"_ _2\"></span>ty</div>\n<div class=\"t m0 x1a h4f y1934 ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of a buil<span class=\"_ _0\"></span>ding an<span class=\"_ _0\"></span>d its loc<span class=\"_ _0\"></span>ation (<span class=\"_ _0\"></span>prime v<span class=\"_ _2b\"></span>s secondary), t<span class=\"_ _2b\"></span>enant credit q<span class=\"_ _0\"></span>uality</div>\n<div class=\"t m0 x1a h4f y1935 ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and lease t<span class=\"_ _0\"></span>erms. For d<span class=\"_ _0\"></span>evelopm<span class=\"_ _0\"></span>ent prope<span class=\"_ _0\"></span>rty (i.e. u<span class=\"_ _0\"></span>nder const<span class=\"_ _0\"></span>ructi<span class=\"_ _0\"></span>on), the</div>\n<div class=\"t m0 x1a h4f y1936 ff285 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">fair val<span class=\"_ _0\"></span>ue is set<span class=\"_ _0\"></span> to cost <span class=\"_ _2b\"></span>until the prop<span class=\"_ _0\"></span>erty is o<span class=\"_ _0\"></span>perati<span class=\"_ _2b\"></span>onal.</div>\n<div class=\"t m0 x7 h4f y1937 ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1938 ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x25 h52 y60e ff285 fs3c fc10 sc0 ls0 ws0\" style=\"left: 452px; bottom: 946px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y60e ff285 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 946px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y60e ff285 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 946px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Fair values supported by market evidence<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 916px; z-index: 15;\">579<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 916px; z-index: 15;\">483<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Fair value subject to an independent valuation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 901px; z-index: 15;\">3,627<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 901px; z-index: 15;\">3,823<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff287 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Total fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue of inv<span class=\"_ _2b\"></span>estment prope<span class=\"_ _0\"></span>rty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 886px; z-index: 15;\">4,206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f7 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 886px; z-index: 15;\">4,306<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Total carrying amount (<span class=\"_ _0\"></span>including lease liability)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 871px; z-index: 15;\">2,969<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y656 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 871px; z-index: 15;\">3,057<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff287 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Gross u<span class=\"_ _2b\"></span>nrealised gai<span class=\"_ _2b\"></span>ns (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 856px; z-index: 15;\">1,237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 856px; z-index: 15;\">1,249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Unrealised gains (losses) to policyholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5ff ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x145 h52 y5ff ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 842px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 827px; z-index: 15;\">(343)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y647 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 827px; z-index: 15;\">(342)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff287 fs3c fc10 sc0 lsee ws101\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Net unrealised gains (lo<span class=\"_ _2\"></span>sses) (not recognised in equity)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 812px; z-index: 15;\">894<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 812px; z-index: 15;\">867<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y193a ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y193b ff285 fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">Property<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">rented out under oper<span class=\"_ _2\"></span>ating lease<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y193c ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas rent<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">out</span> <span class=\"lse2 ws103\">certain assets<span class=\"_ _2\"></span> </span>\u2013 </span><span class=\"wsfa\">mainly <span class=\"_ _0\"></span>property <span class=\"_ _0\"></span>held for<span class=\"_ _2b\"></span> investment pu<span class=\"_ _0\"></span>rposes <span class=\"ls0 ws0\">\u2013 </span><span class=\"wsf0\">to exter<span class=\"_ _2b\"></span>nal parties based on op<span class=\"_ _2b\"></span>erating lease ag<span class=\"_ _0\"></span>reements<span class=\"_ _0\"></span>. As at </span></span></div>\n<div class=\"t m0 x7 h4f y193d ff285 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Decemb<span class=\"_ _0\"></span>er the mi<span class=\"_ _0\"></span>nimum p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s to be rec<span class=\"_ _2b\"></span>eived from i<span class=\"_ _0\"></span>rrevoca<span class=\"_ _0\"></span>ble leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>ments am<span class=\"_ _2b\"></span>ounted to:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y193e ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff285 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 702px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y605 ff285 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 702px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y605 ff285 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 702px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff285 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff288 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff288 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 686px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 671px; z-index: 15;\">Less than 3 <span class=\"lsec wsfe\">mont<span class=\"_ _2\"></span>hs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y608 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 671px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 671px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 656px; z-index: 15;\">3 months to 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 656px; z-index: 15;\">156<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 656px; z-index: 15;\">145<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff285 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 642px; z-index: 15;\">1 year to 2 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 642px; z-index: 15;\">180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 642px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 627px; z-index: 15;\">2 years to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 627px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 627px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 612px; z-index: 15;\">3 years to 4 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 612px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 612px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 597px; z-index: 15;\">4 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 597px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 597px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 582px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 582px; z-index: 15;\">635<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff285 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 582px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff287 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 567px; z-index: 15;\">Total undiscounted lease payments receivable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 567px; z-index: 15;\">1,391<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff287 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 567px; z-index: 15;\">1,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1949 ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y194a ff285 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y194b ff285 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> <span class=\"lsfa ws114\">EUR<span class=\"ls0 ws0\"> </span></span><span class=\"wsef\">97<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">mi<span class=\"_ _2\"></span>llion</span> <span class=\"ls102 ws11d\">in <span class=\"lse2 wsf1\">2022<span class=\"_ _2\"></span></span></span> </span><span class=\"wsfa\">of the t<span class=\"_ _2b\"></span>otal minimum p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s to be re<span class=\"_ _2b\"></span>ceived from i<span class=\"_ _0\"></span>rrevocab<span class=\"_ _0\"></span>le leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>ments rel<span class=\"_ _2b\"></span>ates to propert<span class=\"_ _0\"></span>y, pla<span class=\"_ _0\"></span>nt and </span></span></div>\n<div class=\"t m0 x7 h4f y194c ff285 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">equipment (<span class=\"wsf1\">2021<span class=\"_ _2\"></span><span class=\"lsfa ws136\">: EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">66</span> <span class=\"lse0 wsf0\">million). T<span class=\"_ _2b\"></span>he remainder relat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>to inv<span class=\"_ _2b\"></span>estment prope<span class=\"_ _0\"></span>rty<span class=\"ls0 ws0\">. </span></span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 494px; height: 612px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 494px; height: 612px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls68 ws73\" style=\"z-index: 15;\">Lo<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y608 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Government and official in<span class=\"_ _0\"></span>stitutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">5,020<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">5,120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Commercial loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 771px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 771px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Residential mortgages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Policyholder loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">527<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Interest bearing deposits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">567<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">390<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Loans to banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">325<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 697px; z-index: 15;\">15,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 697px; z-index: 15;\">14,521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Less impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 682px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 682px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Total L<span class=\"_ _2b\"></span>oans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 667px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 667px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y194f ff28e fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">12.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1950 ff28e fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Commercial<span class=\"_ _0\"></span> loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff28a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 573px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 573px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 542px; z-index: 15;\">Real Estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 542px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 542px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff28a fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Infr<span class=\"_ _2\"></span>astruct<span class=\"_ _2\"></span>ure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 527px; z-index: 15;\">1,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 527px; z-index: 15;\">1,624<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 513px; z-index: 15;\">5,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 513px; z-index: 15;\">4,705<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 498px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 483px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 483px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 483px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Total commercial <span class=\"lse7 ws109\">loa<span class=\"_ _2b\"></span>ns<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 468px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 468px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1959 ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195a ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195b ff28a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas has grante<span class=\"_ _2\"></span>d credit lines for a total<span class=\"_ _2\"></span> <span class=\"wsfa\">amount of EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">523<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws115\">million (<span class=\"lse0 wsef\">31</span></span> </span>December<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span>2021</span></span>: EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">1,024</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span>  </span></div>\n<div class=\"t m0 x7 h6a y195c ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">12<span class=\"ls10b ws12e\">.2<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y195d ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Lease Maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 327px; z-index: 15;\">Finance lease receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 327px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 327px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 296px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 296px; z-index: 15;\">7</div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 296px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 281px; z-index: 15;\">1 year to 3 <span class=\"wsf4\">years<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 281px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 281px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 266px; z-index: 15;\">3 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 266px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 266px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 252px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 252px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 252px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 237px; z-index: 15;\">Total Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 237px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 237px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 226px; height: 735px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 226px; height: 735px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 226px; height: 735px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 226px; height: 735px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 226px; height: 735px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>3</div>\n<div class=\"t m0 x7 h6a y79d ff293 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Collateral on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for loans<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79f ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">Total credit exposure loans<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1018px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1018px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 987px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 987px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 958px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Financial instruments</span> </div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 958px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 958px; z-index: 15;\">386<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 943px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 943px; z-index: 15;\">1,968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">1,999<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">Other collateral and guarantees</span> </div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 928px; z-index: 15;\">116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 928px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 913px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unsecured exposure</span> </div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">13,068<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">12,003<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Collateral amounts in exce<span class=\"_ _0\"></span>ss of credit exposure (1)<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 898px; z-index: 15;\">835<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 898px; z-index: 15;\">919<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y196c ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 870px; height: 236px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 870px; height: 236px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y196d ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>4</div>\n<div class=\"t m0 x7 h6a y196e ff293 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Impairment<span class=\"_ _0\"></span>s on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y60e ff291 fs3c fc10 sc0 lsef ws10a\" style=\"left: 506px; bottom: 787px; z-index: 15;\">Spec<span class=\"_ _2\"></span>ific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff291 fs3c fc10 sc0 lsef ws102\" style=\"left: 498px; bottom: 772px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 787px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff291 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 604px; bottom: 772px; z-index: 15;\">IBNR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y60e ff291 fs3c fc10 sc0 lsef ws10a\" style=\"left: 679px; bottom: 787px; z-index: 15;\">Spec<span class=\"_ _2\"></span>ific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff291 fs3c fc10 sc0 lsef ws102\" style=\"left: 671px; bottom: 772px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 787px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff291 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 776px; bottom: 772px; z-index: 15;\">IBNR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff295 fs3c fc10 sc0 lsec ws100\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Balan<span class=\"_ _2\"></span>ce as at 1 <span class=\"lse4 wsf4\">January<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x74 h54 y5fc ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 742px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 620px; bottom: 742px; z-index: 15;\">4</div>\n<div class=\"t m0 x74 h54 y5fc ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 742px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 792px; bottom: 742px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5f7 ff291 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 727px; z-index: 15;\">4</div>\n<div class=\"t m0 xbf h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 727px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 526px; bottom: 712px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 712px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff291 fs3c fc14 sc0 lsee ws166\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">offs of uncollectible loans</span> </span></div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y63a ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 697px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 683px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5ff ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 620px; bottom: 683px; z-index: 15;\">1</div>\n<div class=\"t m0 x74 h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 683px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5ff ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 792px; bottom: 683px; z-index: 15;\">4</div>\n<div class=\"t m0 x7 h4f y1977 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1978 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1979 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for impa<span class=\"_ _0\"></span>ired loa<span class=\"_ _0\"></span>ns.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y197a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Total impaired credit exposu<span class=\"_ _0\"></span>re on loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 604px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 604px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 574px; z-index: 15;\">Impaired outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 574px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 574px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 544px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 544px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 544px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Collateral and guarantees in <span class=\"_ _2b\"></span>ex<span class=\"_ _2\"></span>cess o<span class=\"_ _0\"></span>f impaired credit exposure (1<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 529px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 529px; z-index: 15;\">8</div>\n<div class=\"t m0 x7 h5c y1981 ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 501px; height: 144px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1982 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1983 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1984 ff291 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span>s in uncons<span class=\"_ _2b\"></span>olidated struct<span class=\"_ _0\"></span>ured ent<span class=\"_ _0\"></span>ities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1985 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance, togethe<span class=\"_ _0\"></span>r with Ag<span class=\"_ _2b\"></span>eas France, Age<span class=\"_ _0\"></span>as Port<span class=\"_ _2b\"></span>ugal and Ageas</div>\n<div class=\"t m0 x7 h4f y1986 ff291 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hold not<span class=\"_ _2b\"></span>es which repres<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\">s </span><span class=\"wsef\">interest<span class=\"ls0 ws0\">s </span><span class=\"wsfa\">(thro<span class=\"_ _0\"></span>ugh the r<span class=\"_ _0\"></span>eceipt </span></span></span></div>\n<div class=\"t m0 x7 h4f y1987 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of princi<span class=\"_ _0\"></span>pal and int<span class=\"_ _0\"></span>erest) in st<span class=\"_ _0\"></span>ructure<span class=\"_ _2b\"></span>d entit<span class=\"lse2 wsf1\">ies<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">that <span class=\"_ _2\"></span></span></span><span class=\"ws103\">Ageas group<span class=\"ls0 ws0\"> </span></span>do</span><span class=\"wsef\">es<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">not<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1988 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidate.<span class=\"_ _2\"></span> The structured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf1\">inves<span class=\"wsfa\">t in mortgag<span class=\"_ _2\"></span>e receivables and<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1989 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are financed<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">through the is<span class=\"_ _2\"></span>su<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">of notes. </span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y198a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y198b ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Next to t<span class=\"_ _0\"></span>he notes<span class=\"_ _0\"></span>, AG Ins<span class=\"_ _2b\"></span>urance, Ageas F<span class=\"_ _2b\"></span>rance<span class=\"lse2\">, Ageas Rei<span class=\"_ _2\"></span>nsurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y198c ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l do not hold any<span class=\"_ _0\"></span> other inte<span class=\"_ _2b\"></span>rest in th<span class=\"ls0 ws0\">ese<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">structured </span></span></div>\n<div class=\"t m0 x1a h4f y198d ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">entit<span class=\"lse2 wsf1\">ies</span><span class=\"wsfa\">. T<span class=\"_ _0\"></span>he maximu<span class=\"_ _0\"></span>m loss e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">AG Insura</span><span class=\"wsf0\">nce, Ageas Fra<span class=\"_ _2b\"></span>nce, </span></span></div>\n<div class=\"t m0 x1a h4f y198e ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas Rei<span class=\"_ _2b\"></span>nsurance and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">have is li<span class=\"_ _0\"></span>mited t<span class=\"_ _0\"></span>o the ca<span class=\"_ _0\"></span>rrying </span></div>\n<div class=\"t m0 x1a h4f y198f ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amount <span class=\"wsf0\">of th<span class=\"_ _0\"></span>e notes hel<span class=\"_ _0\"></span>d (EUR 2,729<span class=\"_ _2b\"></span> million at 31 Dece<span class=\"_ _0\"></span>mber 2022 an<span class=\"_ _2b\"></span>d </span></div>\n<div class=\"t m0 x1a h4f y1990 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 2,35<span class=\"_ _0\"></span>5 million at 31 D<span class=\"_ _0\"></span>ecembe<span class=\"_ _0\"></span>r 2021).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 360px; height: 115px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 360px; height: 746px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 360px; height: 746px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 360px; height: 746px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 360px; height: 746px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Borro<span class=\"_ _2b\"></span>win<span class=\"_ _2\"></span>gs</div>\n<div class=\"t m0 x66 h52 y1550 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Repurchase agreements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">2,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">2,078<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">838<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff31c fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Due to ba<span class=\"_ _2b\"></span>nks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">3,052<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">2,916<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Funds held under reinsurance agreements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Lease liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Other borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff31c fs3c fc10 sc0 lsee ws101\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 697px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 697px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c9e ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c9f ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca0 ff31a fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Repurchase a<span class=\"_ _2\"></span>greements are essen<span class=\"_ _2\"></span>tially secured shor<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term loa<span class=\"_ _2b\"></span>ns <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at </span></span></div>\n<div class=\"t m0 x7 h4f y1ca1 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are used to h<span class=\"_ _0\"></span>edge specif<span class=\"_ _2b\"></span>ic investment<span class=\"_ _0\"></span>s with resett<span class=\"_ _2b\"></span>able interest rat<span class=\"_ _2b\"></span>es and</div>\n<div class=\"t m0 x7 h4f y1ca2 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for cash man<span class=\"_ _2b\"></span>agement purpos<span class=\"_ _0\"></span>es. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1ca3 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca4 ff31a fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas has p<span class=\"_ _2\"></span>ledged <span class=\"ws103\">property as <span class=\"lse0 wsf0\">collateral for l<span class=\"_ _2b\"></span>oans and other with a </span></span></div>\n<div class=\"t m0 x7 h4f y1ca5 ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amoun<span class=\"_ _2\"></span><span class=\"lsfc ws0\">t of EUR<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span><span class=\"wsf1\">159<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">millio<span class=\"_ _2\"></span>n (</span></span>2021<span class=\"ls0 ws0\">: <span class=\"lsfa ws114\">E<span class=\"_ _2\"></span>UR</span> </span>166<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million<span class=\"_ _2\"></span>). </span> </span></span></div>\n<div class=\"t m0 x7 h4f y1ca6 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca7 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing value of<span class=\"_ _0\"></span> the borrow<span class=\"_ _0\"></span>ings is a reas<span class=\"_ _0\"></span>onabl<span class=\"_ _0\"></span>e approxi<span class=\"_ _0\"></span>mation of</div>\n<div class=\"t m0 x7 h4f y1ca8 ff31a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e as cont<span class=\"_ _0\"></span>ract mat<span class=\"_ _2b\"></span>urities are l<span class=\"_ _0\"></span>ess than <span class=\"_ _0\"></span>one ye<span class=\"_ _0\"></span>ar (repu<span class=\"_ _0\"></span>rchase</div>\n<div class=\"t m0 x1a h4f y1ca9 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">agreem<span class=\"_ _0\"></span>ents) and/<span class=\"_ _0\"></span>or contrac<span class=\"_ _0\"></span>ts carry a f<span class=\"_ _0\"></span>loating rat<span class=\"_ _2b\"></span>e (loans<span class=\"ls0 ws0\"> </span>from bank<span class=\"_ _0\"></span>s<span class=\"lsf4 ws10c\">). </span></div>\n<div class=\"t m0 x1a h4f y1caa ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Accordingly<span class=\"_ _2\"></span>, the fair value is based upo<span class=\"lse0 wsf0\">n observable mar<span class=\"_ _2b\"></span>ket data </span></div>\n<div class=\"t m0 x1a h4f y1cab ff31a fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">(level<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2).</span> </span></div>\n<div class=\"t m0 x1a h4f y1cac ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1cad ff31a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liabilities ar<span class=\"_ _2b\"></span>e discounted u<span class=\"_ _0\"></span>sing the <span class=\"_ _2b\"></span>lessee\u2019s incre<span class=\"_ _0\"></span>mental</div>\n<div class=\"t m0 x1a h4f y1cae ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ing rate and<span class=\"_ _0\"></span> the interest<span class=\"_ _0\"></span> expense on t<span class=\"_ _0\"></span>he lease li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> is</div>\n<div class=\"t m0 x1a h4f y1caf ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">presented sepa<span class=\"_ _2\"></span>rately from the depreciation e<span class=\"_ _2\"></span>xpense of the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsef\">use </span></span></div>\n<div class=\"t m0 x1a h4f y1cb0 ff31a fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">asset.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cb1 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cb2 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 477px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 477px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff31c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 446px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 446px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 446px; z-index: 15;\">3,920<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 431px; z-index: 15;\">Transfer to held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 431px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y603 ff31c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 431px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Acquisition/divestments of subsidiarie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 416px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y605 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 416px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Proceeds from issuance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 401px; z-index: 15;\">223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 401px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 387px; z-index: 15;\">Payments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 387px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 387px; z-index: 15;\">(375)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Foreign <span class=\"wsf3\">exchange differences and other c<span class=\"_ _0\"></span>hanges<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 372px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 372px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 357px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 357px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cbc ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbd ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbe ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the undiscounted cash<span class=\"_ _2\"></span> flows of the borrowings, excep<span class=\"_ _2\"></span>t for lease liabilities, cla<span class=\"_ _2\"></span>ssified by relevant<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">mat<span class=\"_ _2\"></span>urity group as at<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1cbf ff31a fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span>Decemb<span class=\"_ _0\"></span>er.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cc0 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y70b ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 263px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y70b ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 263px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 232px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 232px; z-index: 15;\">2,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 232px; z-index: 15;\">2,898<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 217px; z-index: 15;\">1 year to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 217px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 217px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 202px; z-index: 15;\">3 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 202px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 202px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 188px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 188px; z-index: 15;\">624<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 188px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff31c fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 173px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 173px; z-index: 15;\">3,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 173px; z-index: 15;\">3,056<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 162px; height: 799px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 162px; height: 799px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As a conseq<span class=\"_ _0\"></span>uence of the C<span class=\"_ _2b\"></span>ovid pandemic, th<span class=\"_ _0\"></span>e Group\u2019s c<span class=\"_ _2b\"></span>ar park</div>\n<div class=\"t m0 x7 h4f y803 ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiary<span class=\"_ _2\"></span> Interparking (51% ow<span class=\"_ _2\"></span>ned by AG Insurance)<span class=\"_ _2\"></span> received waivers</div>\n<div class=\"t m0 x7 h4f y804 ff31f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">related t<span class=\"_ _2b\"></span>o loan covena<span class=\"_ _0\"></span>nts in th<span class=\"_ _0\"></span>e first h<span class=\"_ _2b\"></span>alf of 2021. Co<span class=\"_ _0\"></span>nseque<span class=\"_ _0\"></span>ntly, lo<span class=\"_ _0\"></span>ng<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y805 ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">term bank b<span class=\"_ _0\"></span>orrowi<span class=\"_ _0\"></span>ngs, for whic<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>wa<span class=\"_ _0\"></span>ivers we<span class=\"_ _0\"></span>re obtaine<span class=\"_ _0\"></span>d,<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">were </span></span></div>\n<div class=\"t m0 x1a h4f y1cca ff31f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reclass<span class=\"_ _0\"></span>ified f<span class=\"_ _0\"></span>rom long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">term to sh<span class=\"_ _0\"></span>ort<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">term. Th<span class=\"_ _0\"></span>e activit<span class=\"_ _0\"></span>ies of Inter<span class=\"_ _2b\"></span>parking </span></span></span></div>\n<div class=\"t m0 x1a h4f y1ccb ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">since reco<span class=\"_ _2\"></span>vered<span class=\"lse0\">, resul<span class=\"_ _2b\"></span>ting in Inter<span class=\"_ _0\"></span>parking <span class=\"_ _0\"></span>meetin<span class=\"_ _0\"></span>g its loa<span class=\"_ _0\"></span>n covena<span class=\"_ _2b\"></span>nts. </span></div>\n<div class=\"t m0 x1a h4f y1ccc ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Therefo<span class=\"_ _2b\"></span>re, an amount of long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term <span class=\"_ _2\"></span>bank borrowings <span class=\"ls104 ws116\">of EUR 491</span></span> <span class=\"ls102 ws11d\">mil<span class=\"_ _2\"></span>lion </span></span></div>\n<div class=\"t m0 x1a h4f y1ccd ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">has been <span class=\"_ _2\"></span>reclassified from<span class=\"_ _2\"></span> short<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">ter<span class=\"lse0 wsf0\">m to long<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">term <span class=\"_ _2\"></span></span></span><span class=\"wsfa\">at t<span class=\"_ _0\"></span>he report<span class=\"_ _0\"></span>ing dat<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1cce ff31f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 ff31f fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Lease obl<span class=\"_ _0\"></span>igations<span class=\"_ _0\"></span> as lessee (<span class=\"_ _0\"></span>undisco<span class=\"_ _2b\"></span>unted)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ff31f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff31f fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 x387 h52 y5ff ff31f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 695px; bottom: 970px; z-index: 15;\">Minimum lease <span class=\"wsf4\">payments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y608 ff31f fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y608 ff31f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 956px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y608 ff31f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 956px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 925px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 925px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 925px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 910px; z-index: 15;\">1 year to 2 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 910px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 910px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 896px; z-index: 15;\">2 years to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 896px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 896px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">3 years to 4 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 881px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 881px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 866px; z-index: 15;\">4 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 866px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 866px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 851px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 851px; z-index: 15;\">495<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 851px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff321 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 836px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff321 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 836px; z-index: 15;\">852<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff321 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 836px; z-index: 15;\">766<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Annual rental expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 ydd0 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 821px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 ydd0 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 821px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Future finance charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 806px; z-index: 15;\">222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 806px; z-index: 15;\">206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 795px; height: 311px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 795px; height: 311px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag529": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls68 ws73\" style=\"z-index: 15;\">Lo<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y608 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Government and official in<span class=\"_ _0\"></span>stitutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">5,020<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">5,120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Commercial loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 771px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 771px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Residential mortgages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Policyholder loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">527<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Interest bearing deposits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">567<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">390<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Loans to banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">325<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 697px; z-index: 15;\">15,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 697px; z-index: 15;\">14,521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Less impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 682px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 682px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Total L<span class=\"_ _2b\"></span>oans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 667px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 667px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y194f ff28e fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">12.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1950 ff28e fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Commercial<span class=\"_ _0\"></span> loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff28a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 573px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 573px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 542px; z-index: 15;\">Real Estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 542px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 542px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff28a fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Infr<span class=\"_ _2\"></span>astruct<span class=\"_ _2\"></span>ure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 527px; z-index: 15;\">1,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 527px; z-index: 15;\">1,624<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 513px; z-index: 15;\">5,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 513px; z-index: 15;\">4,705<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 498px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 483px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 483px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 483px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Total commercial <span class=\"lse7 ws109\">loa<span class=\"_ _2b\"></span>ns<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 468px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 468px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1959 ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195a ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195b ff28a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas has grante<span class=\"_ _2\"></span>d credit lines for a total<span class=\"_ _2\"></span> <span class=\"wsfa\">amount of EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">523<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws115\">million (<span class=\"lse0 wsef\">31</span></span> </span>December<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span>2021</span></span>: EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">1,024</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span>  </span></div>\n<div class=\"t m0 x7 h6a y195c ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">12<span class=\"ls10b ws12e\">.2<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y195d ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Lease Maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 327px; z-index: 15;\">Finance lease receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 327px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 327px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 296px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 296px; z-index: 15;\">7</div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 296px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 281px; z-index: 15;\">1 year to 3 <span class=\"wsf4\">years<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 281px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 281px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 266px; z-index: 15;\">3 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 266px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 266px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 252px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 252px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 252px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 237px; z-index: 15;\">Total Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 237px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 237px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 226px; height: 735px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 226px; height: 735px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 226px; height: 735px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 226px; height: 735px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 226px; height: 735px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 226px; height: 735px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>3</div>\n<div class=\"t m0 x7 h6a y79d ff293 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Collateral on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for loans<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79f ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">Total credit exposure loans<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1018px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1018px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 987px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 987px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 958px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Financial instruments</span> </div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 958px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 958px; z-index: 15;\">386<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 943px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 943px; z-index: 15;\">1,968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">1,999<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">Other collateral and guarantees</span> </div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 928px; z-index: 15;\">116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 928px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 913px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unsecured exposure</span> </div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">13,068<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">12,003<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Collateral amounts in exce<span class=\"_ _0\"></span>ss of credit exposure (1)<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 898px; z-index: 15;\">835<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 898px; z-index: 15;\">919<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y196c ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 870px; height: 236px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 870px; height: 236px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y196d ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>4</div>\n<div class=\"t m0 x7 h6a y196e ff293 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Impairment<span class=\"_ _0\"></span>s on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y60e ff291 fs3c fc10 sc0 lsef ws10a\" style=\"left: 506px; bottom: 787px; z-index: 15;\">Spec<span class=\"_ _2\"></span>ific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff291 fs3c fc10 sc0 lsef ws102\" style=\"left: 498px; bottom: 772px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 787px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff291 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 604px; bottom: 772px; z-index: 15;\">IBNR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y60e ff291 fs3c fc10 sc0 lsef ws10a\" style=\"left: 679px; bottom: 787px; z-index: 15;\">Spec<span class=\"_ _2\"></span>ific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff291 fs3c fc10 sc0 lsef ws102\" style=\"left: 671px; bottom: 772px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 787px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff291 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 776px; bottom: 772px; z-index: 15;\">IBNR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff295 fs3c fc10 sc0 lsec ws100\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Balan<span class=\"_ _2\"></span>ce as at 1 <span class=\"lse4 wsf4\">January<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x74 h54 y5fc ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 742px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 620px; bottom: 742px; z-index: 15;\">4</div>\n<div class=\"t m0 x74 h54 y5fc ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 742px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 792px; bottom: 742px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5f7 ff291 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 727px; z-index: 15;\">4</div>\n<div class=\"t m0 xbf h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 727px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 526px; bottom: 712px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 712px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff291 fs3c fc14 sc0 lsee ws166\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">offs of uncollectible loans</span> </span></div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y63a ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 697px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 683px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5ff ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 620px; bottom: 683px; z-index: 15;\">1</div>\n<div class=\"t m0 x74 h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 683px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5ff ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 792px; bottom: 683px; z-index: 15;\">4</div>\n<div class=\"t m0 x7 h4f y1977 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1978 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1979 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for impa<span class=\"_ _0\"></span>ired loa<span class=\"_ _0\"></span>ns.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y197a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Total impaired credit exposu<span class=\"_ _0\"></span>re on loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 604px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 604px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 574px; z-index: 15;\">Impaired outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 574px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 574px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 544px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 544px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 544px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Collateral and guarantees in <span class=\"_ _2b\"></span>ex<span class=\"_ _2\"></span>cess o<span class=\"_ _0\"></span>f impaired credit exposure (1<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 529px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 529px; z-index: 15;\">8</div>\n<div class=\"t m0 x7 h5c y1981 ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 501px; height: 144px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1982 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1983 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1984 ff291 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span>s in uncons<span class=\"_ _2b\"></span>olidated struct<span class=\"_ _0\"></span>ured ent<span class=\"_ _0\"></span>ities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1985 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance, togethe<span class=\"_ _0\"></span>r with Ag<span class=\"_ _2b\"></span>eas France, Age<span class=\"_ _0\"></span>as Port<span class=\"_ _2b\"></span>ugal and Ageas</div>\n<div class=\"t m0 x7 h4f y1986 ff291 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hold not<span class=\"_ _2b\"></span>es which repres<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\">s </span><span class=\"wsef\">interest<span class=\"ls0 ws0\">s </span><span class=\"wsfa\">(thro<span class=\"_ _0\"></span>ugh the r<span class=\"_ _0\"></span>eceipt </span></span></span></div>\n<div class=\"t m0 x7 h4f y1987 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of princi<span class=\"_ _0\"></span>pal and int<span class=\"_ _0\"></span>erest) in st<span class=\"_ _0\"></span>ructure<span class=\"_ _2b\"></span>d entit<span class=\"lse2 wsf1\">ies<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">that <span class=\"_ _2\"></span></span></span><span class=\"ws103\">Ageas group<span class=\"ls0 ws0\"> </span></span>do</span><span class=\"wsef\">es<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">not<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1988 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidate.<span class=\"_ _2\"></span> The structured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf1\">inves<span class=\"wsfa\">t in mortgag<span class=\"_ _2\"></span>e receivables and<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1989 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are financed<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">through the is<span class=\"_ _2\"></span>su<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">of notes. </span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y198a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y198b ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Next to t<span class=\"_ _0\"></span>he notes<span class=\"_ _0\"></span>, AG Ins<span class=\"_ _2b\"></span>urance, Ageas F<span class=\"_ _2b\"></span>rance<span class=\"lse2\">, Ageas Rei<span class=\"_ _2\"></span>nsurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y198c ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l do not hold any<span class=\"_ _0\"></span> other inte<span class=\"_ _2b\"></span>rest in th<span class=\"ls0 ws0\">ese<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">structured </span></span></div>\n<div class=\"t m0 x1a h4f y198d ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">entit<span class=\"lse2 wsf1\">ies</span><span class=\"wsfa\">. T<span class=\"_ _0\"></span>he maximu<span class=\"_ _0\"></span>m loss e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">AG Insura</span><span class=\"wsf0\">nce, Ageas Fra<span class=\"_ _2b\"></span>nce, </span></span></div>\n<div class=\"t m0 x1a h4f y198e ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas Rei<span class=\"_ _2b\"></span>nsurance and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">have is li<span class=\"_ _0\"></span>mited t<span class=\"_ _0\"></span>o the ca<span class=\"_ _0\"></span>rrying </span></div>\n<div class=\"t m0 x1a h4f y198f ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amount <span class=\"wsf0\">of th<span class=\"_ _0\"></span>e notes hel<span class=\"_ _0\"></span>d (EUR 2,729<span class=\"_ _2b\"></span> million at 31 Dece<span class=\"_ _0\"></span>mber 2022 an<span class=\"_ _2b\"></span>d </span></div>\n<div class=\"t m0 x1a h4f y1990 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 2,35<span class=\"_ _0\"></span>5 million at 31 D<span class=\"_ _0\"></span>ecembe<span class=\"_ _0\"></span>r 2021).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 360px; height: 115px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 360px; height: 746px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 360px; height: 746px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 360px; height: 746px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 360px; height: 746px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 360px; height: 746px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ags:DisclosureOfLoansExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag525": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls68 ws73\" style=\"z-index: 15;\">Lo<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y608 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Government and official in<span class=\"_ _0\"></span>stitutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">5,020<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">5,120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Commercial loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 771px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 771px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Residential mortgages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Policyholder loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">527<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Interest bearing deposits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">567<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">390<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Loans to banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">325<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 697px; z-index: 15;\">15,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 697px; z-index: 15;\">14,521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Less impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 682px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 682px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Total L<span class=\"_ _2b\"></span>oans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 667px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 667px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y194f ff28e fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">12.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1950 ff28e fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Commercial<span class=\"_ _0\"></span> loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff28a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 573px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 573px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 542px; z-index: 15;\">Real Estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 542px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 542px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff28a fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Infr<span class=\"_ _2\"></span>astruct<span class=\"_ _2\"></span>ure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 527px; z-index: 15;\">1,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 527px; z-index: 15;\">1,624<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 513px; z-index: 15;\">5,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 513px; z-index: 15;\">4,705<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 498px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 483px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 483px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 483px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Total commercial <span class=\"lse7 ws109\">loa<span class=\"_ _2b\"></span>ns<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 468px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 468px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1959 ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195a ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195b ff28a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas has grante<span class=\"_ _2\"></span>d credit lines for a total<span class=\"_ _2\"></span> <span class=\"wsfa\">amount of EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">523<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws115\">million (<span class=\"lse0 wsef\">31</span></span> </span>December<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span>2021</span></span>: EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">1,024</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span>  </span></div>\n<div class=\"t m0 x7 h6a y195c ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">12<span class=\"ls10b ws12e\">.2<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y195d ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Lease Maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 327px; z-index: 15;\">Finance lease receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 327px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 327px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 296px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 296px; z-index: 15;\">7</div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 296px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 281px; z-index: 15;\">1 year to 3 <span class=\"wsf4\">years<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 281px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 281px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 266px; z-index: 15;\">3 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 266px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 266px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 252px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 252px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 252px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 237px; z-index: 15;\">Total Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 237px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 237px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 226px; height: 735px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 226px; height: 735px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 226px; height: 735px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 226px; height: 735px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>3</div>\n<div class=\"t m0 x7 h6a y79d ff293 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Collateral on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for loans<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79f ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">Total credit exposure loans<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1018px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1018px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 987px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 987px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 958px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Financial instruments</span> </div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 958px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 958px; z-index: 15;\">386<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 943px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 943px; z-index: 15;\">1,968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">1,999<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">Other collateral and guarantees</span> </div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 928px; z-index: 15;\">116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 928px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 913px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unsecured exposure</span> </div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">13,068<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">12,003<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Collateral amounts in exce<span class=\"_ _0\"></span>ss of credit exposure (1)<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 898px; z-index: 15;\">835<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 898px; z-index: 15;\">919<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y196c ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 870px; height: 236px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 870px; height: 236px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y196d ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>4</div>\n<div class=\"t m0 x7 h6a y196e ff293 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Impairment<span class=\"_ _0\"></span>s on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y60e ff291 fs3c fc10 sc0 lsef ws10a\" style=\"left: 506px; bottom: 787px; z-index: 15;\">Spec<span class=\"_ _2\"></span>ific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff291 fs3c fc10 sc0 lsef ws102\" style=\"left: 498px; bottom: 772px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 787px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff291 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 604px; bottom: 772px; z-index: 15;\">IBNR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y60e ff291 fs3c fc10 sc0 lsef ws10a\" style=\"left: 679px; bottom: 787px; z-index: 15;\">Spec<span class=\"_ _2\"></span>ific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff291 fs3c fc10 sc0 lsef ws102\" style=\"left: 671px; bottom: 772px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 787px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff291 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 776px; bottom: 772px; z-index: 15;\">IBNR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff295 fs3c fc10 sc0 lsec ws100\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Balan<span class=\"_ _2\"></span>ce as at 1 <span class=\"lse4 wsf4\">January<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x74 h54 y5fc ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 742px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 620px; bottom: 742px; z-index: 15;\">4</div>\n<div class=\"t m0 x74 h54 y5fc ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 742px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 792px; bottom: 742px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5f7 ff291 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 727px; z-index: 15;\">4</div>\n<div class=\"t m0 xbf h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 727px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 526px; bottom: 712px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 712px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff291 fs3c fc14 sc0 lsee ws166\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">offs of uncollectible loans</span> </span></div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y63a ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 697px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 683px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5ff ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 620px; bottom: 683px; z-index: 15;\">1</div>\n<div class=\"t m0 x74 h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 683px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5ff ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 792px; bottom: 683px; z-index: 15;\">4</div>\n<div class=\"t m0 x7 h4f y1977 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1978 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1979 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for impa<span class=\"_ _0\"></span>ired loa<span class=\"_ _0\"></span>ns.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y197a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Total impaired credit exposu<span class=\"_ _0\"></span>re on loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 604px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 604px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 574px; z-index: 15;\">Impaired outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 574px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 574px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 544px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 544px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 544px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Collateral and guarantees in <span class=\"_ _2b\"></span>ex<span class=\"_ _2\"></span>cess o<span class=\"_ _0\"></span>f impaired credit exposure (1<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 529px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 529px; z-index: 15;\">8</div>\n<div class=\"t m0 x7 h5c y1981 ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 501px; height: 144px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1982 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1983 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1984 ff291 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span>s in uncons<span class=\"_ _2b\"></span>olidated struct<span class=\"_ _0\"></span>ured ent<span class=\"_ _0\"></span>ities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1985 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance, togethe<span class=\"_ _0\"></span>r with Ag<span class=\"_ _2b\"></span>eas France, Age<span class=\"_ _0\"></span>as Port<span class=\"_ _2b\"></span>ugal and Ageas</div>\n<div class=\"t m0 x7 h4f y1986 ff291 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hold not<span class=\"_ _2b\"></span>es which repres<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\">s </span><span class=\"wsef\">interest<span class=\"ls0 ws0\">s </span><span class=\"wsfa\">(thro<span class=\"_ _0\"></span>ugh the r<span class=\"_ _0\"></span>eceipt </span></span></span></div>\n<div class=\"t m0 x7 h4f y1987 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of princi<span class=\"_ _0\"></span>pal and int<span class=\"_ _0\"></span>erest) in st<span class=\"_ _0\"></span>ructure<span class=\"_ _2b\"></span>d entit<span class=\"lse2 wsf1\">ies<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">that <span class=\"_ _2\"></span></span></span><span class=\"ws103\">Ageas group<span class=\"ls0 ws0\"> </span></span>do</span><span class=\"wsef\">es<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">not<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1988 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidate.<span class=\"_ _2\"></span> The structured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf1\">inves<span class=\"wsfa\">t in mortgag<span class=\"_ _2\"></span>e receivables and<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1989 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are financed<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">through the is<span class=\"_ _2\"></span>su<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">of notes. </span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y198a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y198b ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Next to t<span class=\"_ _0\"></span>he notes<span class=\"_ _0\"></span>, AG Ins<span class=\"_ _2b\"></span>urance, Ageas F<span class=\"_ _2b\"></span>rance<span class=\"lse2\">, Ageas Rei<span class=\"_ _2\"></span>nsurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y198c ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l do not hold any<span class=\"_ _0\"></span> other inte<span class=\"_ _2b\"></span>rest in th<span class=\"ls0 ws0\">ese<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">structured </span></span></div>\n<div class=\"t m0 x1a h4f y198d ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">entit<span class=\"lse2 wsf1\">ies</span><span class=\"wsfa\">. T<span class=\"_ _0\"></span>he maximu<span class=\"_ _0\"></span>m loss e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">AG Insura</span><span class=\"wsf0\">nce, Ageas Fra<span class=\"_ _2b\"></span>nce, </span></span></div>\n<div class=\"t m0 x1a h4f y198e ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas Rei<span class=\"_ _2b\"></span>nsurance and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">have is li<span class=\"_ _0\"></span>mited t<span class=\"_ _0\"></span>o the ca<span class=\"_ _0\"></span>rrying </span></div>\n<div class=\"t m0 x1a h4f y198f ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amount <span class=\"wsf0\">of th<span class=\"_ _0\"></span>e notes hel<span class=\"_ _0\"></span>d (EUR 2,729<span class=\"_ _2b\"></span> million at 31 Dece<span class=\"_ _0\"></span>mber 2022 an<span class=\"_ _2b\"></span>d </span></div>\n<div class=\"t m0 x1a h4f y1990 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 2,35<span class=\"_ _0\"></span>5 million at 31 D<span class=\"_ _0\"></span>ecembe<span class=\"_ _0\"></span>r 2021).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 360px; height: 115px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 360px; height: 746px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 360px; height: 746px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 360px; height: 746px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToBanksExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag526": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls68 ws73\" style=\"z-index: 15;\">Lo<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y608 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Government and official in<span class=\"_ _0\"></span>stitutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">5,020<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">5,120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Commercial loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 771px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 771px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Residential mortgages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Policyholder loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">527<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Interest bearing deposits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">567<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">390<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Loans to banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">325<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 697px; z-index: 15;\">15,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 697px; z-index: 15;\">14,521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Less impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 682px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 682px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Total L<span class=\"_ _2b\"></span>oans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 667px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 667px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y194f ff28e fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">12.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1950 ff28e fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Commercial<span class=\"_ _0\"></span> loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff28a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 573px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 573px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 542px; z-index: 15;\">Real Estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 542px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 542px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff28a fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Infr<span class=\"_ _2\"></span>astruct<span class=\"_ _2\"></span>ure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 527px; z-index: 15;\">1,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 527px; z-index: 15;\">1,624<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 513px; z-index: 15;\">5,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 513px; z-index: 15;\">4,705<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 498px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 483px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 483px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 483px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Total commercial <span class=\"lse7 ws109\">loa<span class=\"_ _2b\"></span>ns<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 468px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 468px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1959 ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195a ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195b ff28a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas has grante<span class=\"_ _2\"></span>d credit lines for a total<span class=\"_ _2\"></span> <span class=\"wsfa\">amount of EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">523<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws115\">million (<span class=\"lse0 wsef\">31</span></span> </span>December<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span>2021</span></span>: EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">1,024</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span>  </span></div>\n<div class=\"t m0 x7 h6a y195c ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">12<span class=\"ls10b ws12e\">.2<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y195d ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Lease Maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 327px; z-index: 15;\">Finance lease receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 327px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 327px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 296px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 296px; z-index: 15;\">7</div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 296px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 281px; z-index: 15;\">1 year to 3 <span class=\"wsf4\">years<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 281px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 281px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 266px; z-index: 15;\">3 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 266px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 266px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 252px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 252px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 252px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 237px; z-index: 15;\">Total Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 237px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 237px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 226px; height: 735px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 226px; height: 735px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 226px; height: 735px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>3</div>\n<div class=\"t m0 x7 h6a y79d ff293 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Collateral on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for loans<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79f ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">Total credit exposure loans<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1018px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1018px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 987px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 987px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 958px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Financial instruments</span> </div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 958px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 958px; z-index: 15;\">386<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 943px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 943px; z-index: 15;\">1,968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">1,999<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">Other collateral and guarantees</span> </div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 928px; z-index: 15;\">116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 928px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 913px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unsecured exposure</span> </div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">13,068<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">12,003<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Collateral amounts in exce<span class=\"_ _0\"></span>ss of credit exposure (1)<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 898px; z-index: 15;\">835<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 898px; z-index: 15;\">919<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y196c ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 870px; height: 236px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 870px; height: 236px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y196d ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>4</div>\n<div class=\"t m0 x7 h6a y196e ff293 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Impairment<span class=\"_ _0\"></span>s on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y60e ff291 fs3c fc10 sc0 lsef ws10a\" style=\"left: 506px; bottom: 787px; z-index: 15;\">Spec<span class=\"_ _2\"></span>ific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff291 fs3c fc10 sc0 lsef ws102\" style=\"left: 498px; bottom: 772px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 787px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff291 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 604px; bottom: 772px; z-index: 15;\">IBNR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y60e ff291 fs3c fc10 sc0 lsef ws10a\" style=\"left: 679px; bottom: 787px; z-index: 15;\">Spec<span class=\"_ _2\"></span>ific<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff291 fs3c fc10 sc0 lsef ws102\" style=\"left: 671px; bottom: 772px; z-index: 15;\">cred<span class=\"_ _2\"></span>it risk<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y60e ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 787px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff291 fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 776px; bottom: 772px; z-index: 15;\">IBNR<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff294 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 757px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff295 fs3c fc10 sc0 lsec ws100\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Balan<span class=\"_ _2\"></span>ce as at 1 <span class=\"lse4 wsf4\">January<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x74 h54 y5fc ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 742px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 620px; bottom: 742px; z-index: 15;\">4</div>\n<div class=\"t m0 x74 h54 y5fc ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 742px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 792px; bottom: 742px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5f7 ff291 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 727px; z-index: 15;\">4</div>\n<div class=\"t m0 xbf h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 727px; z-index: 15;\">2</div>\n<div class=\"t m0 xbf h52 y5f7 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 526px; bottom: 712px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 712px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff291 fs3c fc14 sc0 lsee ws166\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">offs of uncollectible loans</span> </span></div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y63a ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 697px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 683px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5ff ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 620px; bottom: 683px; z-index: 15;\">1</div>\n<div class=\"t m0 x74 h54 y5ff ff295 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 683px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5ff ff295 fs3c fc10 sc0 ls0 ws0\" style=\"left: 792px; bottom: 683px; z-index: 15;\">4</div>\n<div class=\"t m0 x7 h4f y1977 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1978 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1979 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for impa<span class=\"_ _0\"></span>ired loa<span class=\"_ _0\"></span>ns.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y197a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Total impaired credit exposu<span class=\"_ _0\"></span>re on loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 604px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 604px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 588px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 574px; z-index: 15;\">Impaired outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 574px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 574px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 559px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff291 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 544px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 544px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 544px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 529px; z-index: 15;\">Collateral and guarantees in <span class=\"_ _2b\"></span>ex<span class=\"_ _2\"></span>cess o<span class=\"_ _0\"></span>f impaired credit exposure (1<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 529px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 529px; z-index: 15;\">8</div>\n<div class=\"t m0 x7 h5c y1981 ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 501px; height: 144px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1982 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1983 ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1984 ff291 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span>s in uncons<span class=\"_ _2b\"></span>olidated struct<span class=\"_ _0\"></span>ured ent<span class=\"_ _0\"></span>ities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1985 ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2b\"></span>ance, togethe<span class=\"_ _0\"></span>r with Ag<span class=\"_ _2b\"></span>eas France, Age<span class=\"_ _0\"></span>as Port<span class=\"_ _2b\"></span>ugal and Ageas</div>\n<div class=\"t m0 x7 h4f y1986 ff291 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Reinsurance <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">hold not<span class=\"_ _2b\"></span>es which repres<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\">s </span><span class=\"wsef\">interest<span class=\"ls0 ws0\">s </span><span class=\"wsfa\">(thro<span class=\"_ _0\"></span>ugh the r<span class=\"_ _0\"></span>eceipt </span></span></span></div>\n<div class=\"t m0 x7 h4f y1987 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of princi<span class=\"_ _0\"></span>pal and int<span class=\"_ _0\"></span>erest) in st<span class=\"_ _0\"></span>ructure<span class=\"_ _2b\"></span>d entit<span class=\"lse2 wsf1\">ies<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">that <span class=\"_ _2\"></span></span></span><span class=\"ws103\">Ageas group<span class=\"ls0 ws0\"> </span></span>do</span><span class=\"wsef\">es<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">not<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1988 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consolidate.<span class=\"_ _2\"></span> The structured entit<span class=\"ls102 ws11d\">ies<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span></span><span class=\"wsf1\">inves<span class=\"wsfa\">t in mortgag<span class=\"_ _2\"></span>e receivables and<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1989 ff291 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">are financed<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsfa\">through the is<span class=\"_ _2\"></span>su<span class=\"lsfb\">ance<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">of notes. </span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y198a ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y198b ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Next to t<span class=\"_ _0\"></span>he notes<span class=\"_ _0\"></span>, AG Ins<span class=\"_ _2b\"></span>urance, Ageas F<span class=\"_ _2b\"></span>rance<span class=\"lse2\">, Ageas Rei<span class=\"_ _2\"></span>nsurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y198c ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l do not hold any<span class=\"_ _0\"></span> other inte<span class=\"_ _2b\"></span>rest in th<span class=\"ls0 ws0\">ese<span class=\"_ _2\"></span> <span class=\"lse2 wsf1\">structured </span></span></div>\n<div class=\"t m0 x1a h4f y198d ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">entit<span class=\"lse2 wsf1\">ies</span><span class=\"wsfa\">. T<span class=\"_ _0\"></span>he maximu<span class=\"_ _0\"></span>m loss e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">AG Insura</span><span class=\"wsf0\">nce, Ageas Fra<span class=\"_ _2b\"></span>nce, </span></span></div>\n<div class=\"t m0 x1a h4f y198e ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas Rei<span class=\"_ _2b\"></span>nsurance and Ageas<span class=\"_ _0\"></span> Portuga<span class=\"_ _0\"></span>l<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">have is li<span class=\"_ _0\"></span>mited t<span class=\"_ _0\"></span>o the ca<span class=\"_ _0\"></span>rrying </span></div>\n<div class=\"t m0 x1a h4f y198f ff291 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">amount <span class=\"wsf0\">of th<span class=\"_ _0\"></span>e notes hel<span class=\"_ _0\"></span>d (EUR 2,729<span class=\"_ _2b\"></span> million at 31 Dece<span class=\"_ _0\"></span>mber 2022 an<span class=\"_ _2b\"></span>d </span></div>\n<div class=\"t m0 x1a h4f y1990 ff291 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 2,35<span class=\"_ _0\"></span>5 million at 31 D<span class=\"_ _0\"></span>ecembe<span class=\"_ _0\"></span>r 2021).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 360px; height: 115px; width: 84%; z-index: 7;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 7%; bottom: 360px; height: 746px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 360px; height: 746px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToCustomersExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag527": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls68 ws73\" style=\"z-index: 15;\">Lo<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff28a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y608 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Government and official in<span class=\"_ _0\"></span>stitutions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">5,020<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">5,120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Commercial loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 771px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 771px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Residential mortgages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Policyholder loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">586<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">527<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Interest bearing deposits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">567<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">390<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Loans to banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">325<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 697px; z-index: 15;\">15,558<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 697px; z-index: 15;\">14,521<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Less impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 682px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 682px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff28d fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Total L<span class=\"_ _2b\"></span>oans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 667px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y601 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 667px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y194f ff28e fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">12.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1950 ff28e fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Commercial<span class=\"_ _0\"></span> loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff28a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 573px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 573px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 542px; z-index: 15;\">Real Estate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 542px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 542px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff28a fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Infr<span class=\"_ _2\"></span>astruct<span class=\"_ _2\"></span>ure<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 527px; z-index: 15;\">1,951<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 527px; z-index: 15;\">1,624<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Corporate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 513px; z-index: 15;\">5,329<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 513px; z-index: 15;\">4,705<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 498px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 498px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 483px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 483px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y5f2 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 483px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Total commercial <span class=\"lse7 ws109\">loa<span class=\"_ _2b\"></span>ns<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 468px; z-index: 15;\">8,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 468px; z-index: 15;\">6,984<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1959 ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195a ff28a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y195b ff28a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas has grante<span class=\"_ _2\"></span>d credit lines for a total<span class=\"_ _2\"></span> <span class=\"wsfa\">amount of EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">523<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws115\">million (<span class=\"lse0 wsef\">31</span></span> </span>December<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span>2021</span></span>: EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">1,024</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span>  </span></div>\n<div class=\"t m0 x7 h6a y195c ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">12<span class=\"ls10b ws12e\">.2<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y195d ff28e fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Lease Maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 327px; z-index: 15;\">Finance lease receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 327px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f9 ff28a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 327px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff28c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 311px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 296px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 296px; z-index: 15;\">7</div>\n<div class=\"t m0 xb8 h52 y70b ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 296px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 281px; z-index: 15;\">1 year to 3 <span class=\"wsf4\">years<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 281px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff28a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 281px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 266px; z-index: 15;\">3 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 266px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 266px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff28a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 252px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 252px; z-index: 15;\">266<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y63a ff28a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 252px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 237px; z-index: 15;\">Total Finance Lease Receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 237px; z-index: 15;\">316<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5ff ff28d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 237px; z-index: 15;\">163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 226px; height: 735px; width: 84%; z-index: 7;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff293 fs46 fcf sc0 ls0 ws0\" style=\"z-index: 15;\">12.<span class=\"_ _2\"></span>3</div>\n<div class=\"t m0 x7 h6a y79d ff293 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Collateral on loans <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff291 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides d<span class=\"_ _0\"></span>etails <span class=\"_ _0\"></span>of coll<span class=\"_ _0\"></span>ateral a<span class=\"_ _0\"></span>nd guar<span class=\"_ _2b\"></span>antees receiv<span class=\"_ _0\"></span>ed as sec<span class=\"_ _2b\"></span>urity for loans<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79f ff291 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">Total credit exposure loans<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1018px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff291 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1018px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Carrying amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 987px; z-index: 15;\">15,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 987px; z-index: 15;\">14,492<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Collateral received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 461px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 958px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Financial instruments</span> </div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 958px; z-index: 15;\">381<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 958px; z-index: 15;\">386<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 943px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Property, plant and equipment</span> </div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 943px; z-index: 15;\">1,968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 943px; z-index: 15;\">1,999<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">Other collateral and guarantees</span> </div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 928px; z-index: 15;\">116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y638 ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 928px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff291 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 913px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Unsecured exposure</span> </div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">13,068<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff291 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">12,003<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff291 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Collateral amounts in exce<span class=\"_ _0\"></span>ss of credit exposure (1)<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 898px; z-index: 15;\">835<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff294 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 898px; z-index: 15;\">919<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h5c y196c ff294 fs3f fc14 sc0 lsf1 ws106\" style=\"z-index: 15;\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Col<span class=\"_ _2\"></span>lateral amounts in excess of c<span class=\"_ _0\"></span>redit exposure relate to loans for which the collateral is higher than the underlying indivi<span class=\"ws170\">dual loan. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 9%; bottom: 870px; height: 236px; width: 82%; z-index: 8;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 8%; bottom: 870px; height: 236px; width: 84%; z-index: 7;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Borro<span class=\"_ _2b\"></span>win<span class=\"_ _2\"></span>gs</div>\n<div class=\"t m0 x66 h52 y1550 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Repurchase agreements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">2,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">2,078<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">838<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff31c fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Due to ba<span class=\"_ _2b\"></span>nks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">3,052<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">2,916<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Funds held under reinsurance agreements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Lease liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Other borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff31c fs3c fc10 sc0 lsee ws101\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 697px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 697px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c9e ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c9f ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca0 ff31a fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Repurchase a<span class=\"_ _2\"></span>greements are essen<span class=\"_ _2\"></span>tially secured shor<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term loa<span class=\"_ _2b\"></span>ns <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at </span></span></div>\n<div class=\"t m0 x7 h4f y1ca1 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are used to h<span class=\"_ _0\"></span>edge specif<span class=\"_ _2b\"></span>ic investment<span class=\"_ _0\"></span>s with resett<span class=\"_ _2b\"></span>able interest rat<span class=\"_ _2b\"></span>es and</div>\n<div class=\"t m0 x7 h4f y1ca2 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for cash man<span class=\"_ _2b\"></span>agement purpos<span class=\"_ _0\"></span>es. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1ca3 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca4 ff31a fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas has p<span class=\"_ _2\"></span>ledged <span class=\"ws103\">property as <span class=\"lse0 wsf0\">collateral for l<span class=\"_ _2b\"></span>oans and other with a </span></span></div>\n<div class=\"t m0 x7 h4f y1ca5 ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amoun<span class=\"_ _2\"></span><span class=\"lsfc ws0\">t of EUR<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span><span class=\"wsf1\">159<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">millio<span class=\"_ _2\"></span>n (</span></span>2021<span class=\"ls0 ws0\">: <span class=\"lsfa ws114\">E<span class=\"_ _2\"></span>UR</span> </span>166<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million<span class=\"_ _2\"></span>). </span> </span></span></div>\n<div class=\"t m0 x7 h4f y1ca6 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca7 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing value of<span class=\"_ _0\"></span> the borrow<span class=\"_ _0\"></span>ings is a reas<span class=\"_ _0\"></span>onabl<span class=\"_ _0\"></span>e approxi<span class=\"_ _0\"></span>mation of</div>\n<div class=\"t m0 x7 h4f y1ca8 ff31a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e as cont<span class=\"_ _0\"></span>ract mat<span class=\"_ _2b\"></span>urities are l<span class=\"_ _0\"></span>ess than <span class=\"_ _0\"></span>one ye<span class=\"_ _0\"></span>ar (repu<span class=\"_ _0\"></span>rchase</div>\n<div class=\"t m0 x1a h4f y1ca9 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">agreem<span class=\"_ _0\"></span>ents) and/<span class=\"_ _0\"></span>or contrac<span class=\"_ _0\"></span>ts carry a f<span class=\"_ _0\"></span>loating rat<span class=\"_ _2b\"></span>e (loans<span class=\"ls0 ws0\"> </span>from bank<span class=\"_ _0\"></span>s<span class=\"lsf4 ws10c\">). </span></div>\n<div class=\"t m0 x1a h4f y1caa ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Accordingly<span class=\"_ _2\"></span>, the fair value is based upo<span class=\"lse0 wsf0\">n observable mar<span class=\"_ _2b\"></span>ket data </span></div>\n<div class=\"t m0 x1a h4f y1cab ff31a fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">(level<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2).</span> </span></div>\n<div class=\"t m0 x1a h4f y1cac ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1cad ff31a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liabilities ar<span class=\"_ _2b\"></span>e discounted u<span class=\"_ _0\"></span>sing the <span class=\"_ _2b\"></span>lessee\u2019s incre<span class=\"_ _0\"></span>mental</div>\n<div class=\"t m0 x1a h4f y1cae ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ing rate and<span class=\"_ _0\"></span> the interest<span class=\"_ _0\"></span> expense on t<span class=\"_ _0\"></span>he lease li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> is</div>\n<div class=\"t m0 x1a h4f y1caf ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">presented sepa<span class=\"_ _2\"></span>rately from the depreciation e<span class=\"_ _2\"></span>xpense of the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsef\">use </span></span></div>\n<div class=\"t m0 x1a h4f y1cb0 ff31a fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">asset.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cb1 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cb2 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 477px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 477px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff31c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 446px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 446px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 446px; z-index: 15;\">3,920<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 431px; z-index: 15;\">Transfer to held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 431px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y603 ff31c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 431px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Acquisition/divestments of subsidiarie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 416px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y605 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 416px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Proceeds from issuance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 401px; z-index: 15;\">223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 401px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 387px; z-index: 15;\">Payments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 387px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 387px; z-index: 15;\">(375)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Foreign <span class=\"wsf3\">exchange differences and other c<span class=\"_ _0\"></span>hanges<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 372px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 372px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 357px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 357px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cbc ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbd ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbe ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the undiscounted cash<span class=\"_ _2\"></span> flows of the borrowings, excep<span class=\"_ _2\"></span>t for lease liabilities, cla<span class=\"_ _2\"></span>ssified by relevant<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">mat<span class=\"_ _2\"></span>urity group as at<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1cbf ff31a fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span>Decemb<span class=\"_ _0\"></span>er.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cc0 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y70b ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 263px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y70b ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 263px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 232px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 232px; z-index: 15;\">2,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 232px; z-index: 15;\">2,898<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 217px; z-index: 15;\">1 year to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 217px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 217px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 202px; z-index: 15;\">3 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 202px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 202px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 188px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 188px; z-index: 15;\">624<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 188px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff31c fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 173px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 173px; z-index: 15;\">3,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 173px; z-index: 15;\">3,056<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 162px; height: 799px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 162px; height: 799px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 162px; height: 799px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As a conseq<span class=\"_ _0\"></span>uence of the C<span class=\"_ _2b\"></span>ovid pandemic, th<span class=\"_ _0\"></span>e Group\u2019s c<span class=\"_ _2b\"></span>ar park</div>\n<div class=\"t m0 x7 h4f y803 ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiary<span class=\"_ _2\"></span> Interparking (51% ow<span class=\"_ _2\"></span>ned by AG Insurance)<span class=\"_ _2\"></span> received waivers</div>\n<div class=\"t m0 x7 h4f y804 ff31f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">related t<span class=\"_ _2b\"></span>o loan covena<span class=\"_ _0\"></span>nts in th<span class=\"_ _0\"></span>e first h<span class=\"_ _2b\"></span>alf of 2021. Co<span class=\"_ _0\"></span>nseque<span class=\"_ _0\"></span>ntly, lo<span class=\"_ _0\"></span>ng<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y805 ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">term bank b<span class=\"_ _0\"></span>orrowi<span class=\"_ _0\"></span>ngs, for whic<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>wa<span class=\"_ _0\"></span>ivers we<span class=\"_ _0\"></span>re obtaine<span class=\"_ _0\"></span>d,<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">were </span></span></div>\n<div class=\"t m0 x1a h4f y1cca ff31f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reclass<span class=\"_ _0\"></span>ified f<span class=\"_ _0\"></span>rom long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">term to sh<span class=\"_ _0\"></span>ort<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">term. Th<span class=\"_ _0\"></span>e activit<span class=\"_ _0\"></span>ies of Inter<span class=\"_ _2b\"></span>parking </span></span></span></div>\n<div class=\"t m0 x1a h4f y1ccb ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">since reco<span class=\"_ _2\"></span>vered<span class=\"lse0\">, resul<span class=\"_ _2b\"></span>ting in Inter<span class=\"_ _0\"></span>parking <span class=\"_ _0\"></span>meetin<span class=\"_ _0\"></span>g its loa<span class=\"_ _0\"></span>n covena<span class=\"_ _2b\"></span>nts. </span></div>\n<div class=\"t m0 x1a h4f y1ccc ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Therefo<span class=\"_ _2b\"></span>re, an amount of long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term <span class=\"_ _2\"></span>bank borrowings <span class=\"ls104 ws116\">of EUR 491</span></span> <span class=\"ls102 ws11d\">mil<span class=\"_ _2\"></span>lion </span></span></div>\n<div class=\"t m0 x1a h4f y1ccd ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">has been <span class=\"_ _2\"></span>reclassified from<span class=\"_ _2\"></span> short<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">ter<span class=\"lse0 wsf0\">m to long<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">term <span class=\"_ _2\"></span></span></span><span class=\"wsfa\">at t<span class=\"_ _0\"></span>he report<span class=\"_ _0\"></span>ing dat<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1cce ff31f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 ff31f fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Lease obl<span class=\"_ _0\"></span>igations<span class=\"_ _0\"></span> as lessee (<span class=\"_ _0\"></span>undisco<span class=\"_ _2b\"></span>unted)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ff31f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff31f fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 x387 h52 y5ff ff31f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 695px; bottom: 970px; z-index: 15;\">Minimum lease <span class=\"wsf4\">payments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y608 ff31f fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y608 ff31f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 956px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y608 ff31f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 956px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 925px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 925px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 925px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 910px; z-index: 15;\">1 year to 2 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 910px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 910px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 896px; z-index: 15;\">2 years to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 896px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 896px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">3 years to 4 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 881px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 881px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 866px; z-index: 15;\">4 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 866px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 866px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 851px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 851px; z-index: 15;\">495<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 851px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff321 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 836px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff321 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 836px; z-index: 15;\">852<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff321 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 836px; z-index: 15;\">766<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Annual rental expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 ydd0 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 821px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 ydd0 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 821px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Future finance charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 806px; z-index: 15;\">222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 806px; z-index: 15;\">206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 795px; height: 311px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 795px; height: 311px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 795px; height: 311px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag532": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsf2 ws108\" style=\"z-index: 15;\">Eq<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>ccou<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tments</div>\n<div class=\"t m0 x7 h63 y17d6 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">The following table provides an</div>\n<div class=\"t m0 x7 h63 y17d7 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">overview of the most significant</div>\n<div class=\"t m0 x7 h63 y17d8 ff299 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">associates and joint vent<span class=\"_ _0\"></span>ures<span class=\"ws113\">. The </span></div>\n<div class=\"t m0 x7 h63 y17d9 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">percentage of interest may <span class=\"lsf6 ws0\">vary in </span></div>\n<div class=\"t m0 x7 h63 y17da ff299 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">case there are several asso<span class=\"_ _0\"></span>ciates</div>\n<div class=\"t m0 x7 h63 y1994 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and joint ventures in one country</div>\n<div class=\"t m0 x7 h63 y1995 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">with different shareholdings\u2019</div>\n<div class=\"t m0 x7 h63 y1996 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">percentages held by the<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"ws112\">group.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y724 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 617px; bottom: 802px; z-index: 15;\">%</div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 787px; z-index: 15;\">interest<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h52 y1550 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 802px; z-index: 15;\">Carrying<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 679px; bottom: 787px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y1550 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 760px; bottom: 802px; z-index: 15;\">Carrying<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 787px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Associates and joint ventures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 633px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 718px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 756px; z-index: 15;\">China<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 756px; z-index: 15;\">12.00% <span class=\"ls0 ws0\">- <span class=\"_ _2\"></span></span>24.90%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 756px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 756px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 741px; z-index: 15;\">Thailand<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 741px; z-index: 15;\">7.83% <span class=\"ls0 ws0\">- <span class=\"_ _2\"></span><span class=\"lsec wsfe\">30.87%</span> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 741px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 741px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 727px; z-index: 15;\">Malaysia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 727px; z-index: 15;\">30.95%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 727px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 727px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Taiping Reinsurance Compan<span class=\"_ _0\"></span>y Limited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 712px; z-index: 15;\">China<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 712px; z-index: 15;\">24.99%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 712px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 712px; z-index: 15;\">328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 ls109 ws12c\" style=\"left: 324px; bottom: 697px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 697px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 697px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 697px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 697px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 324px; bottom: 682px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 682px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 682px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 682px; z-index: 15;\">7</div>\n<div class=\"t m0 x2f h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 682px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 667px; z-index: 15;\">Heylen group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 667px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 667px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 667px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 667px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff297 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 652px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 652px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 652px; z-index: 15;\">37.50%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 652px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y180c ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 637px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 494px; bottom: 637px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 637px; z-index: 15;\">40.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 637px; z-index: 15;\">152<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 637px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 623px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 494px; bottom: 623px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 623px; z-index: 15;\">36.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 623px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 623px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse6 wsf7\" style=\"left: 324px; bottom: 608px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 608px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 608px; z-index: 15;\">33.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 608px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 608px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 593px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 593px; z-index: 15;\">Philippines<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 593px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 593px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 593px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 578px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 578px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 578px; z-index: 15;\">56.50%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 578px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 578px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 563px; z-index: 15;\">Ageas Federal Life Insurance Company<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 563px; z-index: 15;\">India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 563px; z-index: 15;\">49.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 563px; z-index: 15;\">90<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 548px; z-index: 15;\">Royal Sundaram<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 494px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 534px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">General Insurance Company Limited</span> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 534px; z-index: 15;\">India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 534px; z-index: 15;\">40.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 534px; z-index: 15;\">157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 534px; z-index: 15;\">207<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 324px; bottom: 519px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 519px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 519px; z-index: 15;\">25.60%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 519px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 519px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 324px; bottom: 504px; z-index: 15;\">MB Ageas Lif<span class=\"_ _2\"></span>e JSC<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 504px; z-index: 15;\">Vietnam<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 504px; z-index: 15;\">32.09%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 504px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 504px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 489px; z-index: 15;\">Royal Park Investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 489px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 489px; z-index: 15;\">44.71%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 489px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 474px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 494px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 548px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 474px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 474px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 lsec wsfe\" style=\"left: 324px; bottom: 459px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5ff ff29a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 459px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5ff ff29a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 459px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y19a5 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19a6 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19a7 ff297 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">In <span class=\"lse2 wsfa\">2022, A<span class=\"_ _2\"></span>geas increase<span class=\"ls0 ws0\">d <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">its int<span class=\"_ _2b\"></span>erest in the joint ve<span class=\"_ _0\"></span>nture Age<span class=\"_ _0\"></span>as Fede<span class=\"_ _0\"></span>ral Life Ins<span class=\"_ _0\"></span>urance Co<span class=\"_ _0\"></span>mpany Ltd </span></span></span></div>\n<div class=\"t m0 x26 h4f y19a8 ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(AFLIC<span class=\"_ _0\"></span>) from 49% to 74%<span class=\"lsf4 ws114\">. T<span class=\"lse2 ws103\">his transaction is considered as a<span class=\"_ _2\"></span> step acquisition, hence the<span class=\"_ _2\"></span> previously </span></span></div>\n<div class=\"t m0 x26 h4f y19a9 ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">held inter<span class=\"_ _2b\"></span>est of 49% is treate<span class=\"_ _0\"></span>d as if it had been di<span class=\"_ _0\"></span>spose<span class=\"_ _0\"></span>d of (see note 3 Ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ions and dis<span class=\"_ _2b\"></span>posals</div>\n<div class=\"t m0 x26 h4f y19aa ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for more det<span class=\"_ _0\"></span>ails).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y19ab ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19ac ff297 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas r<span class=\"_ _0\"></span>ecorded<span class=\"_ _0\"></span> an imp<span class=\"_ _0\"></span>airment l<span class=\"_ _0\"></span>oss of EU<span class=\"_ _2b\"></span>R 29 million in <span class=\"_ _2b\"></span>2022 in relatio<span class=\"_ _2b\"></span>n to its interes<span class=\"_ _0\"></span>t in Roya<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x26 h4f y19ad ff297 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Sundaram Gener<span class=\"_ _2\"></span>al Insurance <span class=\"wsf1\">Compan<span class=\"_ _2\"></span>y <span class=\"lsfc ws115\">Limite<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 307px; height: 654px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 307px; height: 654px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 307px; height: 654px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff29d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The detai<span class=\"_ _0\"></span>ls of the equit<span class=\"_ _0\"></span>y account<span class=\"_ _0\"></span>ed invest<span class=\"_ _2b\"></span>ments<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are as follo<span class=\"_ _2\"></span>ws.</span> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff29d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 260px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse5 wsf5\" style=\"left: 254px; bottom: 1050px; z-index: 15;\">assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 251px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 318px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 300px; bottom: 1050px; z-index: 15;\"> <span class=\"lse4 wsf4\">liabilities</span> </div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 309px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 1050px; z-index: 15;\">Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 366px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 410px; bottom: 1065px; z-index: 15;\">Share in equity of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 427px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 1020px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 518px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 1050px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 512px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 576px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 1050px; z-index: 15;\">expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 570px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 563px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 1065px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 1050px; z-index: 15;\">result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 627px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19c h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 671px; bottom: 1065px; z-index: 15;\">Share in result of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 680px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 686px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 680px; bottom: 1020px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x11e h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 1035px; z-index: 15;\">Dividend<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 1020px; z-index: 15;\">received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff29f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 990px; z-index: 15;\">131,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 990px; z-index: 15;\">121,692<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 990px; z-index: 15;\">10,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 990px; z-index: 15;\">2,504<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 990px; z-index: 15;\">25,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 990px; z-index: 15;\">(24,454)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 990px; z-index: 15;\">773<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 990px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 990px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 975px; z-index: 15;\">17,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 975px; z-index: 15;\">15,278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 975px; z-index: 15;\">2,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 975px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 975px; z-index: 15;\">2,639<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 975px; z-index: 15;\">(2,438)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 975px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 975px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 975px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 960px; z-index: 15;\">10,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 960px; z-index: 15;\">8,652<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 960px; z-index: 15;\">1,441<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 960px; z-index: 15;\">446<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 960px; z-index: 15;\">1,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 960px; z-index: 15;\">(1,841)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 960px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 960px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 960px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Taiping Reinsurance Co. Lim<span class=\"_ _0\"></span>ited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 945px; z-index: 15;\">6,976<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 945px; z-index: 15;\">6,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 945px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 945px; z-index: 15;\">140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 945px; z-index: 15;\">1,947<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 945px; z-index: 15;\">(1,883)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 945px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 945px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 931px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 931px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 931px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 931px; z-index: 15;\">99<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 931px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 931px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 931px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 931px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 931px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 916px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 916px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 916px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 916px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 916px; z-index: 15;\">7</div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 916px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 916px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 916px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 916px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Heylen<span class=\"ls0 ws0\"> </span>group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 901px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 901px; z-index: 15;\">455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 901px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 901px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 901px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 901px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 901px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 901px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 886px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 886px; z-index: 15;\">1,563<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 886px; z-index: 15;\">1,345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 886px; z-index: 15;\">218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 886px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 886px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 886px; z-index: 15;\">(123)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 886px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 886px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 871px; z-index: 15;\">821<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 871px; z-index: 15;\">538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 871px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 871px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 871px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 871px; z-index: 15;\">(141)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 871px; z-index: 15;\">7</div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 856px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 856px; z-index: 15;\">887<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 856px; z-index: 15;\">713<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 856px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 856px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 856px; z-index: 15;\">78<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 856px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 856px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 856px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 842px; z-index: 15;\">305<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 842px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 842px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 842px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 842px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 842px; z-index: 15;\">(94)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 842px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 842px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 827px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 827px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 827px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 827px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 827px; z-index: 15;\">5</div>\n<div class=\"t m0 x31c h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 827px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 827px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 827px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 812px; z-index: 15;\">680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 812px; z-index: 15;\">572<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 812px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 812px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 812px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 812px; z-index: 15;\">(328)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 812px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 812px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Ageas Federal Life Insurance Co.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 797px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 797px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Royal Sundaram General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Insurance Company Limited</span> </div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 767px; z-index: 15;\">981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 767px; z-index: 15;\">827<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 767px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 767px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 767px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 767px; z-index: 15;\">(338)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 767px; z-index: 15;\">8</div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 767px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 767px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 752px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 752px; z-index: 15;\">532<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 752px; z-index: 15;\">320<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 752px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 752px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 752px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 752px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 752px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 752px; z-index: 15;\">3</div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 738px; z-index: 15;\">MB <span class=\"lse4 wsf3\">Ageas Life JSC<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 738px; z-index: 15;\">380<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 738px; z-index: 15;\">310<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 738px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 738px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 738px; z-index: 15;\">272<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 738px; z-index: 15;\">(269)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 738px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 738px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 723px; z-index: 15;\">Royal Park Investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 275px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Related Goodwill<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">and impairment<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 708px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 693px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 693px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 693px; z-index: 15;\">9</div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 693px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2a0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 678px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 678px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 678px; z-index: 15;\">184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 740px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 740px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 588px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 260px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5fc ff29d fs3c fc10 sc0 lse5 wsf5\" style=\"left: 254px; bottom: 618px; z-index: 15;\">assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 251px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 318px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 300px; bottom: 618px; z-index: 15;\"> <span class=\"lse4 wsf4\">liabilities</span> </div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 309px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 618px; z-index: 15;\">Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 366px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x143 h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 410px; bottom: 633px; z-index: 15;\">Share in equity of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 618px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 427px; bottom: 603px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 588px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 518px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 618px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 512px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 576px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 618px; z-index: 15;\">expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 570px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 563px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 633px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 618px; z-index: 15;\">result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 627px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19c h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 671px; bottom: 633px; z-index: 15;\">Share in <span class=\"lsef ws102\">result of<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x198 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 680px; bottom: 618px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 686px; bottom: 603px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 680px; bottom: 588px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 603px; z-index: 15;\">Dividend<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 588px; z-index: 15;\">received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff29f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 558px; z-index: 15;\">118,344<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 558px; z-index: 15;\">108,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 558px; z-index: 15;\">10,289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 558px; z-index: 15;\">2,525<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 558px; z-index: 15;\">24,424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 558px; z-index: 15;\">(23,277)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 558px; z-index: 15;\">1,147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 558px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 558px; z-index: 15;\">160<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 543px; z-index: 15;\">17,973<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 543px; z-index: 15;\">14,444<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 543px; z-index: 15;\">3,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 543px; z-index: 15;\">1,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 543px; z-index: 15;\">2,666<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 543px; z-index: 15;\">(2,398)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 543px; z-index: 15;\">268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 543px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 543px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 528px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 528px; z-index: 15;\">9,873<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 528px; z-index: 15;\">8,292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 528px; z-index: 15;\">1,581<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 528px; z-index: 15;\">489<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 528px; z-index: 15;\">1,829<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 528px; z-index: 15;\">(1,659)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 528px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 528px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 528px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Taiping Reinsurance Co. Lim<span class=\"_ _0\"></span>ited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 513px; z-index: 15;\">7,183<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 513px; z-index: 15;\">6,068<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 513px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 513px; z-index: 15;\">279<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 513px; z-index: 15;\">1,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 513px; z-index: 15;\">(1,900)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 513px; z-index: 15;\">8</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 513px; z-index: 15;\">2</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 498px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 498px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 498px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 498px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 498px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 498px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 498px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 498px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 498px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 484px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 484px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 484px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 484px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 484px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 484px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 484px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 484px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 484px; z-index: 15;\">8</div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Heylen group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 469px; z-index: 15;\">608<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 469px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 469px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 469px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 469px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 469px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 469px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 469px; z-index: 15;\">6</div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 454px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 454px; z-index: 15;\">1,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 454px; z-index: 15;\">1,735<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 378px; bottom: 454px; z-index: 15;\">(85)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 454px; z-index: 15;\">177<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 454px; z-index: 15;\">(164)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 454px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 454px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 439px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 439px; z-index: 15;\">614<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 439px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 439px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 439px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 439px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 439px; z-index: 15;\">(158)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 439px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 439px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 439px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 424px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 424px; z-index: 15;\">860<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 424px; z-index: 15;\">670<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 424px; z-index: 15;\">190<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 424px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 424px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 424px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 424px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 424px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 424px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 409px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 409px; z-index: 15;\">251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 409px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 409px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 409px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 409px; z-index: 15;\">75<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 409px; z-index: 15;\">(84)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 409px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 409px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 409px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 394px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 394px; z-index: 15;\">249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 394px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 394px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 394px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 394px; z-index: 15;\">3</div>\n<div class=\"t m0 x31c h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 394px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 394px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 394px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 394px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 380px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 380px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 380px; z-index: 15;\">368<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 380px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 380px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 380px; z-index: 15;\">318<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 380px; z-index: 15;\">(288)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 380px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 380px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 380px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 365px; z-index: 15;\">Ageas Federal Life Insurance Co.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 365px; z-index: 15;\">1,740<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 365px; z-index: 15;\">1,583<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 365px; z-index: 15;\">157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 365px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 365px; z-index: 15;\">400<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 365px; z-index: 15;\">(391)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 365px; z-index: 15;\">9</div>\n<div class=\"t m0 x44 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 365px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f1 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 365px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y647 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 350px; z-index: 15;\">Royal Sundaram General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 335px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Insurance Company Limited</span> </div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 335px; z-index: 15;\">968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 335px; z-index: 15;\">777<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 335px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 335px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 335px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 335px; z-index: 15;\">(300)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 335px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 335px; z-index: 15;\">9</div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 335px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 320px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 320px; z-index: 15;\">542<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 320px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 320px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 320px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 320px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 320px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 320px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 320px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 320px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 305px; z-index: 15;\">MB Ageas Lif<span class=\"_ _2\"></span>e JSC<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 305px; z-index: 15;\">278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 305px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 305px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 305px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 305px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 305px; z-index: 15;\">(215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 305px; z-index: 15;\">9</div>\n<div class=\"t m0 x44 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 305px; z-index: 15;\">3</div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 305px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 290px; z-index: 15;\">Royal Park <span class=\"lse8 ws10b\">Investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 275px; bottom: 290px; z-index: 15;\">7</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 290px; z-index: 15;\">7</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 276px; z-index: 15;\">Related Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 276px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 261px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 261px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 261px; z-index: 15;\">5</div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 261px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2a0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 246px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 246px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 246px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 246px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 235px; height: 871px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 235px; height: 871px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 235px; height: 871px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Equity <span class=\"lse0 wsf0\">associates an<span class=\"_ _0\"></span>d joint vent<span class=\"_ _0\"></span>ures<span class=\"ls0 ws0\"> </span>are su<span class=\"_ _0\"></span>bject to div<span class=\"_ _0\"></span>idend res<span class=\"_ _0\"></span>tricti<span class=\"_ _2b\"></span>ons </span></div>\n<div class=\"t m0 x7 h4f y803 ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">arising <span class=\"_ _2\"></span>from minimum capital a<span class=\"_ _2\"></span>nd solvency require<span class=\"_ _2\"></span>ments imposed by<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ors in t<span class=\"_ _0\"></span>he count<span class=\"_ _2b\"></span>ries in which <span class=\"lse2 wsf1\">they<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">operate. Dividen<span class=\"_ _2\"></span>d payments are </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">sometim<span class=\"_ _0\"></span>es subj<span class=\"_ _0\"></span>ect to s<span class=\"_ _2b\"></span>hareholder agr<span class=\"_ _2b\"></span>eements with t<span class=\"_ _0\"></span>he part<span class=\"_ _0\"></span>ners in t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y806 ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">company. I<span class=\"lse0 wsf0\">n certain situat<span class=\"_ _2b\"></span>ions, consens<span class=\"_ _0\"></span>us is require<span class=\"_ _2b\"></span>d before dividen<span class=\"_ _0\"></span>d is </span></div>\n<div class=\"t m0 x7 h4f y807 ff2a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y808 ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on, shareh<span class=\"_ _2b\"></span>older agreement<span class=\"_ _0\"></span>s (relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to pa<span class=\"_ _0\"></span>rties havi<span class=\"_ _0\"></span>ng an</div>\n<div class=\"t m0 x7 h4f y80a ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t in <span class=\"wsf0\">a comp<span class=\"_ _2b\"></span>any in which Ageas has<span class=\"_ _0\"></span> a non<span class=\"ls0 ws0\">-</span>controll<span class=\"_ _2b\"></span>ing interest<span class=\"wsef\">) </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">may include:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80c ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc3c ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse0 wsf0\">specific articl<span class=\"_ _2b\"></span>es on voting rights or di<span class=\"_ _0\"></span>vidend dist<span class=\"_ _2b\"></span>ribution;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd61 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lsfb wsfa\">l<span class=\"_ _2\"></span>ock</span><span class=\"ff2a2\">-<span class=\"lse2 ws103\">up peri<span class=\"_ _2\"></span>ods during which all parties<span class=\"_ _2\"></span> having shares are not </span></span></span></div>\n<div class=\"t m0 x25a h4f yd62 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowed t<span class=\"_ _0\"></span>o sell shar<span class=\"_ _2b\"></span>es before a certain<span class=\"_ _0\"></span> period or with<span class=\"_ _2b\"></span>out prior</div>\n<div class=\"t m0 x25a h4f yd63 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">approv<span class=\"_ _0\"></span>al of the other p<span class=\"_ _2b\"></span>arties involve<span class=\"_ _0\"></span>d;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd64 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse0 wsfa\">options to sel<span class=\"_ _0\"></span>l or resel<span class=\"_ _2b\"></span>l shares to th<span class=\"_ _0\"></span>e other p<span class=\"_ _0\"></span>arty/pa<span class=\"_ _0\"></span>rties i<span class=\"_ _0\"></span>nvolved i<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x25a h4f yd65 ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the shareholder<span class=\"_ _2\"></span> agreement, including the und<span class=\"_ _2\"></span>erlying calculation</div>\n<div class=\"t m0 x25a h4f yd66 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy to value t<span class=\"_ _0\"></span>he shar<span class=\"_ _0\"></span>es;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd67 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse2 wsf1\">e<span class=\"_ _2\"></span>arn</span><span class=\"ff2a2\">-<span class=\"lse2 ws103\">out mechanisms<span class=\"_ _2\"></span> which allow the party original<span class=\"_ _2\"></span>ly selling the </span></span></span></div>\n<div class=\"t m0 x25a h4f yd68 ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares addi<span class=\"_ _2\"></span>tional revenues when<span class=\"_ _2\"></span> certain objectiv<span class=\"_ _2\"></span>es are realised;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y19ca ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse1 ws104\">e<span class=\"_ _2\"></span>xclusivity c<span class=\"_ _0\"></span>lause<span class=\"lse2 wsfa\">s or non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">com<span class=\"_ _2b\"></span>pete clauses r<span class=\"_ _0\"></span>elated t<span class=\"_ _2b\"></span>o the sales of </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y19cb ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance pr<span class=\"_ _2\"></span>oducts.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y19cc ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc48 ff2a2 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Royal Park<span class=\"_ _0\"></span> Investm<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc49 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">After the dis<span class=\"_ _2b\"></span>posal of the assets a<span class=\"_ _0\"></span>nd settle<span class=\"_ _0\"></span>ment of the li<span class=\"_ _0\"></span>abiliti<span class=\"_ _2b\"></span>es, the remaining act<span class=\"_ _2b\"></span>ivity of RPI is esse<span class=\"_ _0\"></span>ntially li<span class=\"_ _0\"></span>mited to the m<span class=\"_ _2b\"></span>ana<span class=\"wsfa\">gement of l<span class=\"_ _2b\"></span>itigation init<span class=\"_ _0\"></span>iated </span></div>\n<div class=\"t m0 x7 h4f yc4a ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">against a<span class=\"_ _2\"></span> number of US <span class=\"ws103\">finan<span class=\"_ _2\"></span>cial institutions<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 850px; height: 256px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 850px; height: 256px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 850px; height: 256px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag531": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsf2 ws108\" style=\"z-index: 15;\">Eq<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y a<span class=\"_ _2\"></span>ccou<span class=\"_ _2\"></span>nte<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>es<span class=\"_ _0\"></span>tments</div>\n<div class=\"t m0 x7 h63 y17d6 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">The following table provides an</div>\n<div class=\"t m0 x7 h63 y17d7 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">overview of the most significant</div>\n<div class=\"t m0 x7 h63 y17d8 ff299 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">associates and joint vent<span class=\"_ _0\"></span>ures<span class=\"ws113\">. The </span></div>\n<div class=\"t m0 x7 h63 y17d9 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">percentage of interest may <span class=\"lsf6 ws0\">vary in </span></div>\n<div class=\"t m0 x7 h63 y17da ff299 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">case there are several asso<span class=\"_ _0\"></span>ciates</div>\n<div class=\"t m0 x7 h63 y1994 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and joint ventures in one country</div>\n<div class=\"t m0 x7 h63 y1995 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">with different shareholdings\u2019</div>\n<div class=\"t m0 x7 h63 y1996 ff299 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">percentages held by the<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"ws112\">group.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y724 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 617px; bottom: 802px; z-index: 15;\">%</div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 787px; z-index: 15;\">interest<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x1f0 h52 y1550 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 675px; bottom: 802px; z-index: 15;\">Carrying<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 679px; bottom: 787px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y1550 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f2 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 760px; bottom: 802px; z-index: 15;\">Carrying<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 ydd0 ff297 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 787px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Associates and joint ventures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 633px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc10 sc0 ls0 ws0\" style=\"left: 718px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 756px; z-index: 15;\">China<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 555px; bottom: 756px; z-index: 15;\">12.00% <span class=\"ls0 ws0\">- <span class=\"_ _2\"></span></span>24.90%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 756px; z-index: 15;\">2,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 756px; z-index: 15;\">2,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 741px; z-index: 15;\">Thailand<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 741px; z-index: 15;\">7.83% <span class=\"ls0 ws0\">- <span class=\"_ _2\"></span><span class=\"lsec wsfe\">30.87%</span> </span></div>\n<div class=\"t m0 x7 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 741px; z-index: 15;\">787<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 741px; z-index: 15;\">1,072<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 727px; z-index: 15;\">Malaysia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 727px; z-index: 15;\">30.95%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 727px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 727px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Taiping Reinsurance Compan<span class=\"_ _0\"></span>y Limited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 712px; z-index: 15;\">China<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 712px; z-index: 15;\">24.99%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 712px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 712px; z-index: 15;\">328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 ls109 ws12c\" style=\"left: 324px; bottom: 697px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 697px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 697px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 697px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 697px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 324px; bottom: 682px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 682px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 682px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 682px; z-index: 15;\">7</div>\n<div class=\"t m0 x2f h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 682px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 667px; z-index: 15;\">Heylen group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 667px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 667px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 667px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y601 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 667px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff297 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 652px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 652px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 652px; z-index: 15;\">37.50%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y180c ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 652px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y180c ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 637px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 494px; bottom: 637px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 637px; z-index: 15;\">40.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 637px; z-index: 15;\">152<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 637px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 324px; bottom: 623px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 494px; bottom: 623px; z-index: 15;\">T\u00fcrkiye<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 623px; z-index: 15;\">36.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 623px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 623px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse6 wsf7\" style=\"left: 324px; bottom: 608px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 608px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 608px; z-index: 15;\">33.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 608px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 608px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 593px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 593px; z-index: 15;\">Philippines<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 593px; z-index: 15;\">50.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 593px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 593px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 578px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 578px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 578px; z-index: 15;\">56.50%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 578px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 578px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 563px; z-index: 15;\">Ageas Federal Life Insurance Company<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 563px; z-index: 15;\">India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 563px; z-index: 15;\">49.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 563px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f4 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 563px; z-index: 15;\">90<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 548px; z-index: 15;\">Royal Sundaram<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 494px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 548px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 534px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">General Insurance Company Limited</span> </div>\n<div class=\"t m0 x14d h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 534px; z-index: 15;\">India<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 534px; z-index: 15;\">40.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 534px; z-index: 15;\">157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y60e ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 534px; z-index: 15;\">207<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 324px; bottom: 519px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 519px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 519px; z-index: 15;\">25.60%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 519px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 519px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 324px; bottom: 504px; z-index: 15;\">MB Ageas Lif<span class=\"_ _2\"></span>e JSC<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 504px; z-index: 15;\">Vietnam<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 504px; z-index: 15;\">32.09%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 504px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 504px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 489px; z-index: 15;\">Royal Park Investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 489px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5fc ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 489px; z-index: 15;\">44.71%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 489px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5fc ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 489px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 474px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 494px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff297 fs3c fc14 sc0 ls0 ws0\" style=\"left: 548px; bottom: 474px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 694px; bottom: 474px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff297 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 474px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 lsec wsfe\" style=\"left: 324px; bottom: 459px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 ls0 ws0\" style=\"left: 494px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff29a fs3c fc10 sc0 ls0 ws0\" style=\"left: 548px; bottom: 459px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5ff ff29a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 459px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5ff ff29a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 459px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y19a5 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19a6 ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19a7 ff297 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">In <span class=\"lse2 wsfa\">2022, A<span class=\"_ _2\"></span>geas increase<span class=\"ls0 ws0\">d <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">its int<span class=\"_ _2b\"></span>erest in the joint ve<span class=\"_ _0\"></span>nture Age<span class=\"_ _0\"></span>as Fede<span class=\"_ _0\"></span>ral Life Ins<span class=\"_ _0\"></span>urance Co<span class=\"_ _0\"></span>mpany Ltd </span></span></span></div>\n<div class=\"t m0 x26 h4f y19a8 ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(AFLIC<span class=\"_ _0\"></span>) from 49% to 74%<span class=\"lsf4 ws114\">. T<span class=\"lse2 ws103\">his transaction is considered as a<span class=\"_ _2\"></span> step acquisition, hence the<span class=\"_ _2\"></span> previously </span></span></div>\n<div class=\"t m0 x26 h4f y19a9 ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">held inter<span class=\"_ _2b\"></span>est of 49% is treate<span class=\"_ _0\"></span>d as if it had been di<span class=\"_ _0\"></span>spose<span class=\"_ _0\"></span>d of (see note 3 Ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ions and dis<span class=\"_ _2b\"></span>posals</div>\n<div class=\"t m0 x26 h4f y19aa ff297 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for more det<span class=\"_ _0\"></span>ails).<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y19ab ff297 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y19ac ff297 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas r<span class=\"_ _0\"></span>ecorded<span class=\"_ _0\"></span> an imp<span class=\"_ _0\"></span>airment l<span class=\"_ _0\"></span>oss of EU<span class=\"_ _2b\"></span>R 29 million in <span class=\"_ _2b\"></span>2022 in relatio<span class=\"_ _2b\"></span>n to its interes<span class=\"_ _0\"></span>t in Roya<span class=\"_ _2b\"></span>l</div>\n<div class=\"t m0 x26 h4f y19ad ff297 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Sundaram Gener<span class=\"_ _2\"></span>al Insurance <span class=\"wsf1\">Compan<span class=\"_ _2\"></span>y <span class=\"lsfc ws115\">Limite<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 307px; height: 654px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 307px; height: 654px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff29d fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The detai<span class=\"_ _0\"></span>ls of the equit<span class=\"_ _0\"></span>y account<span class=\"_ _0\"></span>ed invest<span class=\"_ _2b\"></span>ments<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">are as follo<span class=\"_ _2\"></span>ws.</span> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff29d fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 260px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse5 wsf5\" style=\"left: 254px; bottom: 1050px; z-index: 15;\">assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 251px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 318px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 300px; bottom: 1050px; z-index: 15;\"> <span class=\"lse4 wsf4\">liabilities</span> </div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 309px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 1050px; z-index: 15;\">Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 366px; bottom: 1035px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x143 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 410px; bottom: 1065px; z-index: 15;\">Share in equity of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 427px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 1020px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 518px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 1050px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 512px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 576px; bottom: 1065px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 1050px; z-index: 15;\">expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 570px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 563px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 1065px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 1050px; z-index: 15;\">result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 627px; bottom: 1035px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 1020px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19c h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 671px; bottom: 1065px; z-index: 15;\">Share in result of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 680px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 686px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y608 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 680px; bottom: 1020px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x11e h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y603 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 1035px; z-index: 15;\">Dividend<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y608 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 1020px; z-index: 15;\">received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff29f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1005px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 990px; z-index: 15;\">131,926<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 990px; z-index: 15;\">121,692<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 990px; z-index: 15;\">10,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 990px; z-index: 15;\">2,504<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 990px; z-index: 15;\">25,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 990px; z-index: 15;\">(24,454)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 990px; z-index: 15;\">773<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 990px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 990px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 975px; z-index: 15;\">17,890<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 975px; z-index: 15;\">15,278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 975px; z-index: 15;\">2,612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 975px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 975px; z-index: 15;\">2,639<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 975px; z-index: 15;\">(2,438)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 975px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 975px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 975px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 960px; z-index: 15;\">10,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 960px; z-index: 15;\">8,652<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 960px; z-index: 15;\">1,441<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 960px; z-index: 15;\">446<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 960px; z-index: 15;\">1,806<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 960px; z-index: 15;\">(1,841)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 960px; z-index: 15;\">(35)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 960px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 960px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Taiping Reinsurance Co. Lim<span class=\"_ _0\"></span>ited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 945px; z-index: 15;\">6,976<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 945px; z-index: 15;\">6,416<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 945px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 945px; z-index: 15;\">140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 945px; z-index: 15;\">1,947<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 945px; z-index: 15;\">(1,883)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 945px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 945px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 931px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 931px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 931px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 931px; z-index: 15;\">99<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 931px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 931px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 931px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 931px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 931px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 916px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 269px; bottom: 916px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 916px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 916px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 916px; z-index: 15;\">7</div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 916px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 916px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 916px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 916px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Heylen<span class=\"ls0 ws0\"> </span>group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 901px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 901px; z-index: 15;\">455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 901px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 901px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 901px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 901px; z-index: 15;\">(23)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 901px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 901px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 886px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 886px; z-index: 15;\">1,563<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 886px; z-index: 15;\">1,345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 886px; z-index: 15;\">218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 886px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 886px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 886px; z-index: 15;\">(123)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 886px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 886px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 871px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 871px; z-index: 15;\">821<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 871px; z-index: 15;\">538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 871px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 871px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 871px; z-index: 15;\">141<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 871px; z-index: 15;\">(141)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 871px; z-index: 15;\">7</div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 856px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 856px; z-index: 15;\">887<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 856px; z-index: 15;\">713<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 856px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 856px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 856px; z-index: 15;\">78<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 856px; z-index: 15;\">(112)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 856px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 856px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y601 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 856px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 842px; z-index: 15;\">305<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 842px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 842px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 842px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 842px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 842px; z-index: 15;\">(94)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 842px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 842px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 827px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 827px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 827px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 827px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 827px; z-index: 15;\">5</div>\n<div class=\"t m0 x31c h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 827px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 827px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y647 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 827px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 812px; z-index: 15;\">680<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 812px; z-index: 15;\">572<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 812px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 812px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 812px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 812px; z-index: 15;\">(328)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 812px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 723px; bottom: 812px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Ageas Federal Life Insurance Co.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 797px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 797px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Royal Sundaram General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Insurance Company Limited</span> </div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 767px; z-index: 15;\">981<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 767px; z-index: 15;\">827<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 767px; z-index: 15;\">154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 767px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 767px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 767px; z-index: 15;\">(338)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 767px; z-index: 15;\">8</div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 767px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 767px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 752px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 752px; z-index: 15;\">532<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 752px; z-index: 15;\">320<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 752px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 752px; z-index: 15;\">55<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 752px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 752px; z-index: 15;\">(20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 752px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 752px; z-index: 15;\">3</div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 738px; z-index: 15;\">MB <span class=\"lse4 wsf3\">Ageas Life JSC<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 738px; z-index: 15;\">380<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 738px; z-index: 15;\">310<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 738px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 738px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 738px; z-index: 15;\">272<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 738px; z-index: 15;\">(269)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 738px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 738px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 723px; z-index: 15;\">Royal Park Investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 275px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 723px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Related Goodwill<span class=\"ls0 ws0\"> </span><span class=\"wsf3\">and impairment<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 708px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 708px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 693px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 693px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 693px; z-index: 15;\">9</div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 693px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2a0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 678px; z-index: 15;\">4,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f9 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 678px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 678px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f9 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 678px; z-index: 15;\">184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 740px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 662px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 740px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 648px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 588px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 260px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5fc ff29d fs3c fc10 sc0 lse5 wsf5\" style=\"left: 254px; bottom: 618px; z-index: 15;\">assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 251px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 318px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 300px; bottom: 618px; z-index: 15;\"> <span class=\"lse4 wsf4\">liabilities</span> </div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 309px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 370px; bottom: 618px; z-index: 15;\">Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 366px; bottom: 603px; z-index: 15;\"> <span class=\"lse4 wsf4\">(100%</span> </div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 362px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x143 h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 410px; bottom: 633px; z-index: 15;\">Share in equity of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 618px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 427px; bottom: 603px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 588px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 518px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 618px; z-index: 15;\">income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 512px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff29d fs3c fc10 sc0 lse7 ws109\" style=\"left: 576px; bottom: 633px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 557px; bottom: 618px; z-index: 15;\">expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 570px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 563px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 633px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 618px; z-index: 15;\">result<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 627px; bottom: 603px; z-index: 15;\">(100%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 620px; bottom: 588px; z-index: 15;\">interest)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19c h52 y5f7 ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 671px; bottom: 633px; z-index: 15;\">Share in <span class=\"lsef ws102\">result of<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x198 h52 y5fc ff29d fs3c fc10 sc0 lse4 wsf3\" style=\"left: 680px; bottom: 618px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y601 ff29d fs3c fc10 sc0 lsec ws100\" style=\"left: 686px; bottom: 603px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5ff ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 680px; bottom: 588px; z-index: 15;\"> <span class=\"lse4 wsf6\">(Ageas share)</span> </div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 633px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5fc ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 618px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 603px; z-index: 15;\"> </div>\n<div class=\"t m0 x302 h52 y601 ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 603px; z-index: 15;\">Dividend<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x302 h52 y5ff ff29d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 762px; bottom: 588px; z-index: 15;\">received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff29f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 573px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Taiping Holdings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 247px; bottom: 558px; z-index: 15;\">118,344<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x154 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 305px; bottom: 558px; z-index: 15;\">108,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 367px; bottom: 558px; z-index: 15;\">10,289<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 558px; z-index: 15;\">2,525<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 558px; z-index: 15;\">24,424<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 558px; z-index: 15;\">(23,277)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 558px; z-index: 15;\">1,147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 558px; z-index: 15;\">283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 558px; z-index: 15;\">160<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 543px; z-index: 15;\">Muang Thai Group Holding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 252px; bottom: 543px; z-index: 15;\">17,973<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 310px; bottom: 543px; z-index: 15;\">14,444<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 543px; z-index: 15;\">3,529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 543px; z-index: 15;\">1,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 543px; z-index: 15;\">2,666<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 543px; z-index: 15;\">(2,398)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 543px; z-index: 15;\">268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 543px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 543px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 528px; z-index: 15;\">Maybank Ageas Holding B<span class=\"_ _0\"></span>erhad<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 528px; z-index: 15;\">9,873<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 528px; z-index: 15;\">8,292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 528px; z-index: 15;\">1,581<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 528px; z-index: 15;\">489<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 528px; z-index: 15;\">1,829<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 528px; z-index: 15;\">(1,659)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 528px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 528px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 528px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Taiping Reinsurance Co. Lim<span class=\"_ _0\"></span>ited<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 513px; z-index: 15;\">7,183<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 513px; z-index: 15;\">6,068<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 372px; bottom: 513px; z-index: 15;\">1,115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 513px; z-index: 15;\">279<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 515px; bottom: 513px; z-index: 15;\">1,908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 513px; z-index: 15;\">(1,900)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 513px; z-index: 15;\">8</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 513px; z-index: 15;\">2</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 513px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 498px; z-index: 15;\">CCN<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 498px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 498px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 498px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 498px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 498px; z-index: 15;\">2</div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 498px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 498px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 498px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 498px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 484px; z-index: 15;\">HEKLA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 484px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 484px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 484px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 484px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 484px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 484px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 484px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 484px; z-index: 15;\">8</div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 484px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 469px; z-index: 15;\">Heylen group<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 469px; z-index: 15;\">608<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 469px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 469px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 469px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 469px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 469px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 469px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 469px; z-index: 15;\">6</div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 469px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 454px; z-index: 15;\">DBFM<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 454px; z-index: 15;\">1,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 454px; z-index: 15;\">1,735<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 378px; bottom: 454px; z-index: 15;\">(85)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 454px; z-index: 15;\">177<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 454px; z-index: 15;\">(164)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 454px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 454px; z-index: 15;\">5</div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 454px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 439px; z-index: 15;\">AgeSA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 439px; z-index: 15;\">614<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 439px; z-index: 15;\">413<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 439px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 439px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 439px; z-index: 15;\">185<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 439px; z-index: 15;\">(158)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 439px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y60e ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 439px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y60e ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 439px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff29d fs3c fc14 sc0 lse6 wsf7\" style=\"left: 69px; bottom: 424px; z-index: 15;\">DTHP<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 424px; z-index: 15;\">860<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 424px; z-index: 15;\">670<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 424px; z-index: 15;\">190<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 424px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 424px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 424px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 424px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f9 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 424px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f9 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 424px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 409px; z-index: 15;\">East West Ageas Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 409px; z-index: 15;\">251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 409px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 409px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 409px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 409px; z-index: 15;\">75<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 409px; z-index: 15;\">(84)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 409px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 409px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f7 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 409px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 394px; z-index: 15;\">Pleyel<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 394px; z-index: 15;\">249<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 394px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 394px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 394px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x304 h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 394px; z-index: 15;\">3</div>\n<div class=\"t m0 x31c h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 394px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 394px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y656 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 728px; bottom: 394px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y656 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 394px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff29d fs3c fc14 sc0 lsf0 wsf8\" style=\"left: 69px; bottom: 380px; z-index: 15;\">Aksigort<span class=\"_ _2\"></span>a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 380px; z-index: 15;\">438<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 380px; z-index: 15;\">368<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 380px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 380px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 380px; z-index: 15;\">318<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 380px; z-index: 15;\">(288)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 380px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 729px; bottom: 380px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y601 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 380px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 365px; z-index: 15;\">Ageas Federal Life Insurance Co.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 257px; bottom: 365px; z-index: 15;\">1,740<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 365px; z-index: 15;\">1,583<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 365px; z-index: 15;\">157<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 365px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 365px; z-index: 15;\">400<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5ff ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 365px; z-index: 15;\">(391)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 365px; z-index: 15;\">9</div>\n<div class=\"t m0 x44 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 365px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f1 h52 y5ff ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 365px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y647 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 350px; z-index: 15;\">Royal Sundaram General<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y647 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 350px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 335px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Insurance Company Limited</span> </div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 335px; z-index: 15;\">968<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 335px; z-index: 15;\">777<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 335px; z-index: 15;\">191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 335px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 335px; z-index: 15;\">321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 335px; z-index: 15;\">(300)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 335px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 335px; z-index: 15;\">9</div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 335px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 320px; z-index: 15;\">EPB NV (Euroc<span class=\"_ _2\"></span>ommercial propert<span class=\"_ _2\"></span>ies)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 320px; z-index: 15;\">542<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 320px; z-index: 15;\">342<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 320px; z-index: 15;\">200<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 320px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 527px; bottom: 320px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y608 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 320px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 320px; z-index: 15;\">2</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 320px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 320px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff29d fs3c fc14 sc0 lsf0 ws12b\" style=\"left: 69px; bottom: 305px; z-index: 15;\">MB Ageas Lif<span class=\"_ _2\"></span>e JSC<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 264px; bottom: 305px; z-index: 15;\">278<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 305px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 384px; bottom: 305px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 305px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 522px; bottom: 305px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 574px; bottom: 305px; z-index: 15;\">(215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 305px; z-index: 15;\">9</div>\n<div class=\"t m0 x44 h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 305px; z-index: 15;\">3</div>\n<div class=\"t m0 x11e h52 y603 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 305px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff29d fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 290px; z-index: 15;\">Royal Park <span class=\"lse8 ws10b\">Investments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 275px; bottom: 290px; z-index: 15;\">7</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 390px; bottom: 290px; z-index: 15;\">7</div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 475px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 290px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f1 h52 y608 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 290px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 276px; z-index: 15;\">Related Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f4 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 276px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 740px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f4 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 276px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 261px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 280px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 337px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 395px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 465px; bottom: 261px; z-index: 15;\">134<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 537px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 596px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 261px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f2 ff29d fs3c fc14 sc0 ls0 ws0\" style=\"left: 734px; bottom: 261px; z-index: 15;\">5</div>\n<div class=\"t m0 x9 h52 y5f2 ff29d fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 261px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2a0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 246px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 280px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 337px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 395px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 457px; bottom: 246px; z-index: 15;\">5,328<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 537px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 596px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h54 y5f4 ff2a0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 246px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 724px; bottom: 246px; z-index: 15;\">464<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h54 y5f4 ff2a0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 246px; z-index: 15;\">219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 235px; height: 871px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 235px; height: 871px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Equity <span class=\"lse0 wsf0\">associates an<span class=\"_ _0\"></span>d joint vent<span class=\"_ _0\"></span>ures<span class=\"ls0 ws0\"> </span>are su<span class=\"_ _0\"></span>bject to div<span class=\"_ _0\"></span>idend res<span class=\"_ _0\"></span>tricti<span class=\"_ _2b\"></span>ons </span></div>\n<div class=\"t m0 x7 h4f y803 ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">arising <span class=\"_ _2\"></span>from minimum capital a<span class=\"_ _2\"></span>nd solvency require<span class=\"_ _2\"></span>ments imposed by<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ors in t<span class=\"_ _0\"></span>he count<span class=\"_ _2b\"></span>ries in which <span class=\"lse2 wsf1\">they<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">operate. Dividen<span class=\"_ _2\"></span>d payments are </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">sometim<span class=\"_ _0\"></span>es subj<span class=\"_ _0\"></span>ect to s<span class=\"_ _2b\"></span>hareholder agr<span class=\"_ _2b\"></span>eements with t<span class=\"_ _0\"></span>he part<span class=\"_ _0\"></span>ners in t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y806 ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">company. I<span class=\"lse0 wsf0\">n certain situat<span class=\"_ _2b\"></span>ions, consens<span class=\"_ _0\"></span>us is require<span class=\"_ _2b\"></span>d before dividen<span class=\"_ _0\"></span>d is </span></div>\n<div class=\"t m0 x7 h4f y807 ff2a2 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y808 ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y809 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on, shareh<span class=\"_ _2b\"></span>older agreement<span class=\"_ _0\"></span>s (relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to pa<span class=\"_ _0\"></span>rties havi<span class=\"_ _0\"></span>ng an</div>\n<div class=\"t m0 x7 h4f y80a ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t in <span class=\"wsf0\">a comp<span class=\"_ _2b\"></span>any in which Ageas has<span class=\"_ _0\"></span> a non<span class=\"ls0 ws0\">-</span>controll<span class=\"_ _2b\"></span>ing interest<span class=\"wsef\">) </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">may include:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80c ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc3c ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse0 wsf0\">specific articl<span class=\"_ _2b\"></span>es on voting rights or di<span class=\"_ _0\"></span>vidend dist<span class=\"_ _2b\"></span>ribution;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yd61 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lsfb wsfa\">l<span class=\"_ _2\"></span>ock</span><span class=\"ff2a2\">-<span class=\"lse2 ws103\">up peri<span class=\"_ _2\"></span>ods during which all parties<span class=\"_ _2\"></span> having shares are not </span></span></span></div>\n<div class=\"t m0 x25a h4f yd62 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowed t<span class=\"_ _0\"></span>o sell shar<span class=\"_ _2b\"></span>es before a certain<span class=\"_ _0\"></span> period or with<span class=\"_ _2b\"></span>out prior</div>\n<div class=\"t m0 x25a h4f yd63 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">approv<span class=\"_ _0\"></span>al of the other p<span class=\"_ _2b\"></span>arties involve<span class=\"_ _0\"></span>d;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd64 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse0 wsfa\">options to sel<span class=\"_ _0\"></span>l or resel<span class=\"_ _2b\"></span>l shares to th<span class=\"_ _0\"></span>e other p<span class=\"_ _0\"></span>arty/pa<span class=\"_ _0\"></span>rties i<span class=\"_ _0\"></span>nvolved i<span class=\"_ _0\"></span>n </span></span></div>\n<div class=\"t m0 x25a h4f yd65 ff2a2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the shareholder<span class=\"_ _2\"></span> agreement, including the und<span class=\"_ _2\"></span>erlying calculation</div>\n<div class=\"t m0 x25a h4f yd66 ff2a2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy to value t<span class=\"_ _0\"></span>he shar<span class=\"_ _0\"></span>es;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yd67 ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse2 wsf1\">e<span class=\"_ _2\"></span>arn</span><span class=\"ff2a2\">-<span class=\"lse2 ws103\">out mechanisms<span class=\"_ _2\"></span> which allow the party original<span class=\"_ _2\"></span>ly selling the </span></span></span></div>\n<div class=\"t m0 x25a h4f yd68 ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares addi<span class=\"_ _2\"></span>tional revenues when<span class=\"_ _2\"></span> certain objectiv<span class=\"_ _2\"></span>es are realised;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y19ca ff2a4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2a5\"> <span class=\"_ _46\"> </span><span class=\"ff2a2 lse1 ws104\">e<span class=\"_ _2\"></span>xclusivity c<span class=\"_ _0\"></span>lause<span class=\"lse2 wsfa\">s or non<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">com<span class=\"_ _2b\"></span>pete clauses r<span class=\"_ _0\"></span>elated t<span class=\"_ _2b\"></span>o the sales of </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y19cb ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">insurance pr<span class=\"_ _2\"></span>oducts.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y19cc ff2a2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc48 ff2a2 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Royal Park<span class=\"_ _0\"></span> Investm<span class=\"_ _0\"></span>ents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc49 ff2a2 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">After the dis<span class=\"_ _2b\"></span>posal of the assets a<span class=\"_ _0\"></span>nd settle<span class=\"_ _0\"></span>ment of the li<span class=\"_ _0\"></span>abiliti<span class=\"_ _2b\"></span>es, the remaining act<span class=\"_ _2b\"></span>ivity of RPI is esse<span class=\"_ _0\"></span>ntially li<span class=\"_ _0\"></span>mited to the m<span class=\"_ _2b\"></span>ana<span class=\"wsfa\">gement of l<span class=\"_ _2b\"></span>itigation init<span class=\"_ _0\"></span>iated </span></div>\n<div class=\"t m0 x7 h4f yc4a ff2a2 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">against a<span class=\"_ _2\"></span> number of US <span class=\"ws103\">finan<span class=\"_ _2\"></span>cial institutions<span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 850px; height: 256px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 850px; height: 256px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag528": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">R<span class=\"_ _2b\"></span>einsurance and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">other<span class=\"_ _2\"></span> receiv<span class=\"_ _2b\"></span>a<span class=\"_ _2\"></span>bles</div>\n\n<div class=\"t m0 x66 h52 y1550 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Reinsurers' share of lia<span class=\"_ _0\"></span>bilities arising<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 771px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">from insurance and investment contracts</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">822<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Receivables from policyholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">375<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">409<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Fees and commissions recei<span class=\"_ _0\"></span>vable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Receivables from <span class=\"lsec wsfe\">interm<span class=\"_ _2\"></span>ediarie<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Reinsurance receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 697px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2a9 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 682px; z-index: 15;\">2,042<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 682px; z-index: 15;\">2,201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 667px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 667px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y180c ff2a9 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 652px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 652px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17eb ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ec ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ed ff2a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Ot<span class=\"_ _2b\"></span>her\u2019 includes VAT a<span class=\"_ _2b\"></span>nd other indirect ta<span class=\"_ _0\"></span>xes<span class=\"lse2 ws103\">, as well as <span class=\"wsfa\">the advance<span class=\"_ _2\"></span> payment of EUR<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">0.3</span> <span class=\"ls102 ws11d\">mil<span class=\"_ _2\"></span>lion</span> (</span><span class=\"wsf1\">2021<span class=\"lsfa ws11e\">: E<span class=\"_ _2\"></span>UR<span class=\"ls0 ws0\"> </span></span>109<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">millio<span class=\"_ _2\"></span>n)</span> </span></span></span></span>to Sticht<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x7 h4f y17ee ff2a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Forsett<span class=\"_ _0\"></span>lement (s<span class=\"_ _2b\"></span>ee note<span class=\"ls0 ws0\"> 25<span class=\"_ _2\"></span> <span class=\"lsfb wsfa\">Provi<span class=\"_ _2\"></span>sions).</span> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 579px; height: 246px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y19d0 ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Changes in impairments of<span class=\"_ _0\"></span> reinsurance and other re<span class=\"_ _0\"></span>ceivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 558px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 558px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2a8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2a8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2a9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y603 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 527px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y603 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 527px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 513px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f2 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 513px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 498px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 498px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2a6 fs3c fc14 sc0 lsee ws166\" style=\"left: 69px; bottom: 483px; z-index: 15;\">Write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">offs of uncollectible amounts</span> </span></div>\n<div class=\"t m0 x2e4 h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 483px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 483px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 468px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 468px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2a9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 453px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y5f9 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 453px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y5f9 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 453px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y19d3 ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y19d4 ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 ydd0 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 ydd0 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 391px; z-index: 15;\">Changes in the reinsur<span class=\"_ _0\"></span>er\u2019s share of liabilities arising <span class=\"_ _2b\"></span>f<span class=\"_ _2\"></span>rom insura<span class=\"_ _0\"></span>nce and investment con<span class=\"_ _0\"></span>tracts <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f9 ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 391px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f9 ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 391px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 361px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 361px; z-index: 15;\">801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 361px; z-index: 15;\">720<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 346px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 346px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f7 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 346px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 331px; z-index: 15;\">Change in liabilities curren<span class=\"_ _0\"></span>t year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 331px; z-index: 15;\">176<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 331px; z-index: 15;\">179<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 316px; z-index: 15;\">Change in liabilities prior <span class=\"_ _0\"></span><span class=\"lsec wsfe\">year<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y601 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 316px; z-index: 15;\">1</div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 316px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 301px; z-index: 15;\">Claims paid current ye<span class=\"_ _0\"></span>ar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 301px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 301px; z-index: 15;\">(42)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 287px; z-index: 15;\">Claims paid prior years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 287px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 287px; z-index: 15;\">(39)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 272px; z-index: 15;\">Other net additions thr<span class=\"_ _0\"></span>ough income statement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y603 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 272px; z-index: 15;\">8</div>\n<div class=\"t m0 x145 h52 y603 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 272px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 257px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y608 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 257px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 257px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y1550 ff2a9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 242px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y1550 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 242px; z-index: 15;\">822<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y1550 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 242px; z-index: 15;\">801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 231px; height: 730px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 231px; height: 730px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 231px; height: 730px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">liabilit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h6a y1b6e ff2ee fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.1<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y1b6f ff2ee fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Lif<span class=\"_ _2\"></span>e insur<span class=\"_ _2\"></span>ance con<span class=\"_ _2\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25 h52 y605 ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 452px; bottom: 765px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y605 ff2ec fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 765px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff2ec fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 765px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff2ef fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff2ef fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 735px; z-index: 15;\">Liability for future polic<span class=\"_ _0\"></span>yholder benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 735px; z-index: 15;\">25,350<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 735px; z-index: 15;\">26,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ec fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 720px; z-index: 15;\">Reser<span class=\"_ _2\"></span>ve for <span class=\"_ _2\"></span><span class=\"lse4 wsf6\">policyhold<span class=\"_ _0\"></span>er profit sharing<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 720px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 720px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 705px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 705px; z-index: 15;\">(46)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 705px; z-index: 15;\">1,884<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2f0 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 690px; z-index: 15;\">Before<span class=\"_ _2b\"></span> eliminati<span class=\"_ _0\"></span>ons<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f4 ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 690px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f4 ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 690px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 676px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 676px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 676px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2f0 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 661px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 661px; z-index: 15;\">25,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 661px; z-index: 15;\">28,673<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 646px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 646px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 646px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 631px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 631px; z-index: 15;\">25,518<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 631px; z-index: 15;\">28,660<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 620px; height: 154px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1b7a ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b7b ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b7c ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Changes i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the li<span class=\"_ _0\"></span>abiliti<span class=\"_ _2b\"></span>es arising from Life in<span class=\"_ _2b\"></span>surance contra<span class=\"_ _0\"></span>cts (gross<span class=\"_ _0\"></span> of reinsur<span class=\"_ _2b\"></span>ance and before <span class=\"lse2 ws103\">eliminations) are shown belo<span class=\"_ _2\"></span>w.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1b7d ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5fc ff2ec fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 552px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff2ec fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 552px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff2ef fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff2ef fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 522px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 522px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 522px; z-index: 15;\">29,990<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 507px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 507px; z-index: 15;\">(3,080)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2ec fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 492px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 492px; z-index: 15;\">2,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 492px; z-index: 15;\">2,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 477px; z-index: 15;\">Acquisitions of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 477px; z-index: 15;\">1,187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 463px; z-index: 15;\">Time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 463px; z-index: 15;\">547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 463px; z-index: 15;\">601<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 448px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 448px; z-index: 15;\">(1,449)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 448px; z-index: 15;\">(1,783)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 433px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 433px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 433px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 418px; z-index: 15;\">Shadow accounting adjustmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 418px; z-index: 15;\">(1,559)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 418px; z-index: 15;\">(1,350)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 403px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 403px; z-index: 15;\">(118)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 403px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 388px; z-index: 15;\">Other <span class=\"wsf3\">changes, including risk coverage<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 388px; z-index: 15;\">(785)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 388px; z-index: 15;\">(711)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 373px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 373px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 373px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b8b ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b8c ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b8d ff2ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The shadow accoun<span class=\"_ _2\"></span>ting adjustment is a reflection<span class=\"_ _2\"></span> of the unrealised</div>\n<div class=\"t m0 x7 h4f y1b8e ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses on t<span class=\"_ _0\"></span>he investm<span class=\"_ _0\"></span>ent portf<span class=\"_ _2b\"></span>olio. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b8f ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b90 ff2ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The line item<span class=\"_ _2\"></span> \u2018Other changes, including ris<span class=\"_ _2\"></span>k coverage\u2019, mainly rela<span class=\"_ _2\"></span>tes to</div>\n<div class=\"t m0 x7 h4f y1b91 ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce and actu<span class=\"_ _0\"></span>arial risk<span class=\"_ _0\"></span> consumpt<span class=\"_ _2b\"></span>ion regarding <span class=\"lse2 wsfa\">guarantees included </span></div>\n<div class=\"t m0 x7 h4f y1b92 ff2ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the c<span class=\"_ _0\"></span>ontracts,<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e vary to<span class=\"_ _0\"></span>gether w<span class=\"_ _2b\"></span>ith the volumes.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">  </span></div>\n<div class=\"t m0 x7 h4f y1b93 ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1b94 ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse2 wsfa\">he eff<span class=\"_ _2\"></span>ect of changes in<span class=\"_ _2\"></span> assumptions used <span class=\"_ _2\"></span>to measure the li<span class=\"_ _2\"></span>abilities </span></div>\n<div class=\"t m0 x1a h4f y1b95 ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related t<span class=\"_ _0\"></span>o Life insu<span class=\"_ _0\"></span>rance cont<span class=\"_ _2b\"></span>racts was immater<span class=\"_ _2b\"></span>ial in both <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>and<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y1b96 ff2ec fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2021<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 221px; height: 740px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 221px; height: 740px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff2f5 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls100 ws11a\">.2<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff2f5 fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Lif<span class=\"_ _2\"></span>e inves<span class=\"_ _2\"></span>tment con<span class=\"_ _2\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y601 ff2f3 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff2f3 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2f6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2f6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Liability for future polic<span class=\"_ _0\"></span>yholder benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1019px; z-index: 15;\">28,356<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">29,256<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Reserve for policyholder profit sharing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1004px; z-index: 15;\">336<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1004px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Shadow <span class=\"lsef ws10a\">acc<span class=\"_ _2\"></span>ounting<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5f2 ff2f3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 989px; z-index: 15;\">8</div>\n<div class=\"t m0 x17 h52 y5f2 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">1,075<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff2f7 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y603 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 974px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y603 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 974px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 963px; height: 95px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1b9e ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b9f ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 927px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y638 ff2f3 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 927px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y638 ff2f3 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 927px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff2f6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff2f6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 897px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 897px; z-index: 15;\">31,629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff2f3 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 882px; z-index: 15;\">1,712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 882px; z-index: 15;\">1,928<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 867px; z-index: 15;\">Time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 867px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 867px; z-index: 15;\">319<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 852px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 852px; z-index: 15;\">(2,034)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 852px; z-index: 15;\">(2,289)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 837px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 837px; z-index: 15;\">(244)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 837px; z-index: 15;\">(255)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 822px; z-index: 15;\">Shadow accounting adjustmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 822px; z-index: 15;\">(1,067)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 822px; z-index: 15;\">(632)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 808px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 808px; z-index: 15;\">(587)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 808px; z-index: 15;\">(83)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 793px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 793px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 793px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1baa ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bab ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bac ff2f3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The shadow accoun<span class=\"_ _2\"></span>ting adjustment is a reflection<span class=\"_ _2\"></span> of the unrealised</div>\n<div class=\"t m0 x7 h4f y1bad ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses in th<span class=\"_ _0\"></span>e investme<span class=\"_ _0\"></span>nt portfol<span class=\"_ _2b\"></span>io. The transfer of li<span class=\"_ _2b\"></span>abilities</div>\n<div class=\"t m0 x7 h4f y1bae ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">mainly rel<span class=\"_ _2b\"></span>ates to internal mov<span class=\"_ _2b\"></span>ements between p<span class=\"_ _2b\"></span>roduct portfoli<span class=\"_ _0\"></span>os. The</div>\n<div class=\"t m0 x7 h4f y1baf ff2f3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">line item \u2018Other<span class=\"_ _2\"></span> changes, including risk cov<span class=\"_ _2\"></span>erage\u2019, mainly relates<span class=\"_ _2\"></span> to</div>\n<div class=\"t m0 x7 h4f y1bb0 ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce and actu<span class=\"_ _0\"></span>arial risk<span class=\"_ _0\"></span> consumpt<span class=\"_ _2b\"></span>ion regarding gua<span class=\"_ _2b\"></span>rantees include<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x7 h4f y1bb1 ff2f3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the c<span class=\"_ _0\"></span>ontracts,<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e vary to<span class=\"_ _0\"></span>gether w<span class=\"_ _2b\"></span>ith the volumes.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bb2 ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1bb3 ff2f3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The effect <span class=\"_ _2\"></span>of changes in a<span class=\"_ _2\"></span>ssumptions used to<span class=\"_ _2\"></span> measure the liabi<span class=\"_ _2\"></span>lities</div>\n<div class=\"t m0 x1a h4f y1bb4 ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related t<span class=\"_ _0\"></span>o Life inve<span class=\"_ _0\"></span>stment<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">cont<span class=\"_ _2b\"></span>racts was immat<span class=\"_ _0\"></span>erial i<span class=\"_ _0\"></span>n <span class=\"wsef\">both <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>and </span></span></span></div>\n<div class=\"t m0 x1a h4f y1bb5 ff2f3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2021<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 640px; height: 466px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 640px; height: 466px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff2fb fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.3<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff2fb fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Liabilities <span class=\"_ _2\"></span>related to unit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls126 ws14b\">linked contracts</span> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y601 ff2f9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff2f9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1019px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1019px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1004px; z-index: 15;\">13,751<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1004px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff2fc fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 989px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 989px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 978px; height: 80px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1bc6 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bc7 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bc8 ff2f9 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties related to unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1bc9 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y1550 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 910px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 910px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 880px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 880px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 880px; z-index: 15;\">2,904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 865px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 865px; z-index: 15;\">(1,620)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 850px; z-index: 15;\">196<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 850px; z-index: 15;\">394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Acquisitions of <span class=\"wsf4\">subsidiaries<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 835px; z-index: 15;\">514<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Changes in fair value / time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 821px; z-index: 15;\">(263)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 821px; z-index: 15;\">280<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 806px; z-index: 15;\">(47)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 806px; z-index: 15;\">(204)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 791px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 791px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 791px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 776px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y656 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 776px; z-index: 15;\">(51)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y656 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 761px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 761px; z-index: 15;\">(75)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 761px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 746px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 746px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 746px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bd0 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bd1 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bd2 ff2f9 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties related to unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked invest<span class=\"_ _0\"></span>ment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y1bd3 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y647 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 668px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 668px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 637px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 637px; z-index: 15;\">14,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 622px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 622px; z-index: 15;\">1,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 622px; z-index: 15;\">1,825<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Changes in fair value / time <span class=\"wsf4\">value<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 608px; z-index: 15;\">(2,215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 608px; z-index: 15;\">1,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 593px; z-index: 15;\">(1,063)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 593px; z-index: 15;\">(1,809)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 578px; z-index: 15;\">265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 578px; z-index: 15;\">367<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 563px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 563px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 548px; z-index: 15;\">(115)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 548px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 533px; z-index: 15;\">13,751<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 533px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bde ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bdf ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be0 ff2f9 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">transfer of lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span> mainly ref<span class=\"_ _0\"></span>lects int<span class=\"_ _0\"></span>ernal mov<span class=\"_ _0\"></span>ements bet<span class=\"_ _2b\"></span>ween different<span class=\"_ _0\"></span> product<span class=\"_ _0\"></span> contract<span class=\"_ _2b\"></span>s. The line item \u2018Othe<span class=\"_ _0\"></span>r changes,<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">including <span class=\"_ _2\"></span>risk coverage\u2019, </span></span></span></div>\n<div class=\"t m0 x7 h4f y1be1 ff2f9 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">mainly r<span class=\"_ _2b\"></span>elates to insu<span class=\"_ _0\"></span>rance a<span class=\"_ _0\"></span>nd actua<span class=\"_ _0\"></span>rial risk<span class=\"_ _0\"></span> consum<span class=\"_ _2b\"></span>ption, for com<span class=\"_ _2b\"></span>plementary gu<span class=\"_ _0\"></span>arantee<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ded in t<span class=\"_ _0\"></span>he<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">contracts.</span> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 460px; height: 646px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 460px; height: 646px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff301 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls100 ws11a\">.4<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff301 fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Non<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"ls101 ws11b\">life insurance contracts</span> </span></div>\n<div class=\"t m0 x7 h4f y79e ff2ff fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides a<span class=\"_ _0\"></span>n overv<span class=\"_ _0\"></span>iew of t<span class=\"_ _0\"></span>he liabil<span class=\"_ _2b\"></span>ities arising f<span class=\"_ _0\"></span>rom Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life insu<span class=\"_ _0\"></span>rance co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y79f ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1018px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff302 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff302 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Claims reserves<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 987px; z-index: 15;\">7,783<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 987px; z-index: 15;\">7,620<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Unearned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,611<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 972px; z-index: 15;\">1,730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Reserve for policyholder profit sharing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 958px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 958px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 943px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 943px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff303 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Before<span class=\"_ _2b\"></span> eliminati<span class=\"_ _0\"></span>ons<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">9,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 928px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 913px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff303 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 898px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 898px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 883px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 883px; z-index: 15;\">(818)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 883px; z-index: 15;\">(789)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 869px; z-index: 15;\">7,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 869px; z-index: 15;\">7,100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 858px; height: 169px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1be4 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be5 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be6 ff2ff fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Changes in <span class=\"_ _2\"></span>the <span class=\"ws103\">liabilities ari<span class=\"_ _2\"></span>sing from insurance contrac<span class=\"_ _2\"></span>ts for Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life insur<span class=\"_ _2b\"></span>ance contracts (g<span class=\"_ _0\"></span>ross of rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e and before elimin<span class=\"_ _0\"></span>ations) ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>show<span class=\"_ _2b\"></span>n below.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1be7 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y60e ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 790px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y60e ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 790px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff302 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff303 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y63a ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y63a ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 759px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y63a ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 759px; z-index: 15;\">8,744<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 745px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 730px; z-index: 15;\">Addition to liabilities cu<span class=\"_ _0\"></span>rrent year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 730px; z-index: 15;\">3,189<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 730px; z-index: 15;\">3,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Claims paid current ye<span class=\"_ _0\"></span>ar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 715px; z-index: 15;\">(1,488)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 715px; z-index: 15;\">(1,481)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 700px; z-index: 15;\">Change in liabilities curren<span class=\"_ _0\"></span>t year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 700px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 700px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 700px; z-index: 15;\">1,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 700px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 685px; z-index: 15;\">Addition to liabilities pri<span class=\"_ _0\"></span>or years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 685px; z-index: 15;\">(276)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 685px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 685px; z-index: 15;\">(285)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 685px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 670px; z-index: 15;\">Claims paid prior years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 670px; z-index: 15;\">(1,217)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 670px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 670px; z-index: 15;\">(1,066)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 670px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 655px; z-index: 15;\">Change in <span class=\"wsf6\">liabilities prior years<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 655px; z-index: 15;\">(1,493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 655px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 655px; z-index: 15;\">(1,351)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 655px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Change in liabilities (current and<span class=\"_ _2b\"></span> prior years)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 641px; z-index: 15;\">208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 641px; z-index: 15;\">300<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 626px; z-index: 15;\">(44)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 626px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 611px; z-index: 15;\">(108)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 611px; z-index: 15;\">(70)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 596px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 596px; z-index: 15;\">(135)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 596px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 581px; z-index: 15;\">Shadow accounting <span class=\"lsec wsfe\">adjustme<span class=\"_ _2\"></span>nt<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y70b ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 581px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 566px; z-index: 15;\">Other changes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 566px; z-index: 15;\">146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 566px; z-index: 15;\">307<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5fc ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 552px; z-index: 15;\">9,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5fc ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 552px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 541px; height: 565px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 541px; height: 565px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div></div>\n<div></div>\n<div></div>\n<div></div>\n<div class=\"t m0 x7 h6a y79c ff307 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.5<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff307 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Insurance Liabilities Adequacy<span class=\"_ _0\"></span> Testing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff305 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tests ca<span class=\"_ _2b\"></span>rried out at <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>year<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"ws103\">end have confirmed tha<span class=\"_ _2\"></span>t the reported <span class=\"wsfa\">insurance l<span class=\"_ _2\"></span>iabilities are<span class=\"_ _2\"></span> adequate.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1bfd ff305 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Overvie<span class=\"_ _2b\"></span>w <span class=\"_ _2\"></span>of ins<span class=\"_ _2b\"></span>urance liabiliti<span class=\"_ _2b\"></span>es by operating se<span class=\"_ _0\"></span>gment <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f5 ff305 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es an ove<span class=\"_ _0\"></span>rview of<span class=\"_ _0\"></span> the lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es by ope<span class=\"_ _0\"></span>rating s<span class=\"_ _2b\"></span>egment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f6 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 xe6 h52 y5ff ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 571px; bottom: 970px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x1f4 h52 y608 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 956px; z-index: 15;\">gross <span class=\"wsf6\">liability split:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x304 h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h52 y5ff ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 970px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x7 h52 y608 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 723px; bottom: 956px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x14d h52 y605 ff305 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 925px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 409px; bottom: 940px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11d h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 398px; bottom: 925px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x9 h52 y603 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 940px; z-index: 15;\">Unearned <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x19d h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 925px; z-index: 15;\">P<span class=\"lsed ws12d\">remium</span> </div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 574px; bottom: 940px; z-index: 15;\">Claims <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 552px; bottom: 925px; z-index: 15;\">O<span class=\"lse4 wsf4\">utstanding</span> </div>\n<div class=\"t m0 x19e h52 y603 ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 633px; bottom: 940px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 925px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 706px; bottom: 940px; z-index: 15;\">Unit<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x220 h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 698px; bottom: 925px; z-index: 15;\">L<span class=\"lse4 wsf4\">inked</span> </div>\n<div class=\"t m0 x11e h52 y603 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 940px; z-index: 15;\">Life <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 748px; bottom: 925px; z-index: 15;\">Guaranteed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 895px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 895px; z-index: 15;\">4,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 895px; z-index: 15;\">387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 895px; z-index: 15;\">4,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 895px; z-index: 15;\">59,434<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 895px; z-index: 15;\">11,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 895px; z-index: 15;\">48,379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 880px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 880px; z-index: 15;\">3,317<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 880px; z-index: 15;\">795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 880px; z-index: 15;\">2,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 880px; z-index: 15;\">9,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 880px; z-index: 15;\">4,280<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 880px; z-index: 15;\">4,750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff305 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 865px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 865px; z-index: 15;\">1,575<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 710px; bottom: 865px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 865px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 850px; z-index: 15;\">1,712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 850px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 850px; z-index: 15;\">1,283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 850px; z-index: 15;\">2</div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 850px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 850px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 835px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y70b ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 572px; bottom: 835px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 835px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y70b ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 835px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 820px; z-index: 15;\">Insurance total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 820px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 820px; z-index: 15;\">1,611<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 820px; z-index: 15;\">6,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 820px; z-index: 15;\">70,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 820px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11c h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 820px; z-index: 15;\">54,222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe6 h52 y656 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 571px; bottom: 773px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x1f4 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 530px; bottom: 759px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y656 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 773px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 723px; bottom: 759px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 728px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 409px; bottom: 743px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11d h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 398px; bottom: 728px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 743px; z-index: 15;\">Unearned<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x304 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 728px; z-index: 15;\">premium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 574px; bottom: 743px; z-index: 15;\">Claims <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f9 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 728px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5fc ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 633px; bottom: 743px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 728px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 706px; bottom: 743px; z-index: 15;\">Unit<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 728px; z-index: 15;\">linked<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 743px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 748px; bottom: 728px; z-index: 15;\">Guaranteed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c08 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c09 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 743px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5fc ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 698px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 698px; z-index: 15;\">4,345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 698px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 698px; z-index: 15;\">3,933<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 698px; z-index: 15;\">63,003<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 698px; z-index: 15;\">12,387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 698px; z-index: 15;\">50,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 683px; z-index: 15;\">3,449<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 683px; z-index: 15;\">908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 683px; z-index: 15;\">2,541<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 683px; z-index: 15;\">15,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 683px; z-index: 15;\">6,515<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 683px; z-index: 15;\">8,676<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 668px; z-index: 15;\">1,643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 668px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 668px; z-index: 15;\">1,184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 668px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 668px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 653px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 653px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 572px; bottom: 653px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 653px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 713px; bottom: 653px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 653px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff309 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Insurance total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 638px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 638px; z-index: 15;\">1,730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 638px; z-index: 15;\">6,110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 638px; z-index: 15;\">78,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 638px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 638px; z-index: 15;\">59,290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 627px; height: 479px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 627px; height: 479px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReinsuranceExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag524": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">R<span class=\"_ _2b\"></span>einsurance and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">other<span class=\"_ _2\"></span> receiv<span class=\"_ _2b\"></span>a<span class=\"_ _2\"></span>bles</div>\n\n<div class=\"t m0 x66 h52 y1550 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Reinsurers' share of lia<span class=\"_ _0\"></span>bilities arising<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 771px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">from insurance and investment contracts</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">822<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Receivables from policyholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">375<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">409<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Fees and commissions recei<span class=\"_ _0\"></span>vable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Receivables from <span class=\"lsec wsfe\">interm<span class=\"_ _2\"></span>ediarie<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Reinsurance receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 697px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2a9 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 682px; z-index: 15;\">2,042<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 682px; z-index: 15;\">2,201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 667px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 667px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y180c ff2a9 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 652px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 652px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17eb ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ec ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ed ff2a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Ot<span class=\"_ _2b\"></span>her\u2019 includes VAT a<span class=\"_ _2b\"></span>nd other indirect ta<span class=\"_ _0\"></span>xes<span class=\"lse2 ws103\">, as well as <span class=\"wsfa\">the advance<span class=\"_ _2\"></span> payment of EUR<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">0.3</span> <span class=\"ls102 ws11d\">mil<span class=\"_ _2\"></span>lion</span> (</span><span class=\"wsf1\">2021<span class=\"lsfa ws11e\">: E<span class=\"_ _2\"></span>UR<span class=\"ls0 ws0\"> </span></span>109<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">millio<span class=\"_ _2\"></span>n)</span> </span></span></span></span>to Sticht<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x7 h4f y17ee ff2a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Forsett<span class=\"_ _0\"></span>lement (s<span class=\"_ _2b\"></span>ee note<span class=\"ls0 ws0\"> 25<span class=\"_ _2\"></span> <span class=\"lsfb wsfa\">Provi<span class=\"_ _2\"></span>sions).</span> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 579px; height: 246px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y19d0 ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 558px; z-index: 15;\">Changes in impairments of<span class=\"_ _0\"></span> reinsurance and other re<span class=\"_ _0\"></span>ceivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 558px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 558px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2a8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2a8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2a9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y603 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 527px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y603 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 527px; z-index: 15;\">54<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 513px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 513px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f2 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 513px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 498px; z-index: 15;\">Release of impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 498px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 498px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2a6 fs3c fc14 sc0 lsee ws166\" style=\"left: 69px; bottom: 483px; z-index: 15;\">Write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">offs of uncollectible amounts</span> </span></div>\n<div class=\"t m0 x2e4 h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 483px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f2 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 483px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 468px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 468px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2a9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 453px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y5f9 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 453px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y5f9 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 453px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y19d3 ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y19d4 ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 ydd0 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 ydd0 ff2a6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 406px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 391px; z-index: 15;\">Changes in the reinsur<span class=\"_ _0\"></span>er\u2019s share of liabilities arising <span class=\"_ _2b\"></span>f<span class=\"_ _2\"></span>rom insura<span class=\"_ _0\"></span>nce and investment con<span class=\"_ _0\"></span>tracts <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f9 ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 391px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f9 ff2a6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 391px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y60e ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 376px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 361px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 361px; z-index: 15;\">801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 361px; z-index: 15;\">720<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 346px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 346px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f7 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 346px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 331px; z-index: 15;\">Change in liabilities curren<span class=\"_ _0\"></span>t year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 331px; z-index: 15;\">176<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 331px; z-index: 15;\">179<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 316px; z-index: 15;\">Change in liabilities prior <span class=\"_ _0\"></span><span class=\"lsec wsfe\">year<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y601 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 316px; z-index: 15;\">1</div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 316px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 301px; z-index: 15;\">Claims paid current ye<span class=\"_ _0\"></span>ar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 301px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 301px; z-index: 15;\">(42)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 287px; z-index: 15;\">Claims paid prior years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 287px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 287px; z-index: 15;\">(39)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 272px; z-index: 15;\">Other net additions thr<span class=\"_ _0\"></span>ough income statement<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y603 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 272px; z-index: 15;\">8</div>\n<div class=\"t m0 x145 h52 y603 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 272px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 257px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other adjustments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y608 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 257px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 257px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y1550 ff2a9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 242px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y1550 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 242px; z-index: 15;\">822<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y1550 ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 242px; z-index: 15;\">801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 231px; height: 730px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 231px; height: 730px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag533": {
   "value": "\n<div class=\"t m0 x66 h52 y1550 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff2a6 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff2a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Reinsurers' share of lia<span class=\"_ _0\"></span>bilities arising<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 771px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">from insurance and investment contracts</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">822<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Receivables from policyholders<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">375<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">409<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Fees and commissions recei<span class=\"_ _0\"></span>vable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Receivables from <span class=\"lsec wsfe\">interm<span class=\"_ _2\"></span>ediarie<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">284<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Reinsurance receivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 697px; z-index: 15;\">302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">366<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2a9 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 682px; z-index: 15;\">2,042<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 682px; z-index: 15;\">2,201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 667px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y601 ff2a6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 667px; z-index: 15;\">(52)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y180c ff2a9 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 652px; z-index: 15;\">1,993<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2a9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 652px; z-index: 15;\">2,149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17eb ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ec ff2a6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ed ff2a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Ot<span class=\"_ _2b\"></span>her\u2019 includes VAT a<span class=\"_ _2b\"></span>nd other indirect ta<span class=\"_ _0\"></span>xes<span class=\"lse2 ws103\">, as well as <span class=\"wsfa\">the advance<span class=\"_ _2\"></span> payment of EUR<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">0.3</span> <span class=\"ls102 ws11d\">mil<span class=\"_ _2\"></span>lion</span> (</span><span class=\"wsf1\">2021<span class=\"lsfa ws11e\">: E<span class=\"_ _2\"></span>UR<span class=\"ls0 ws0\"> </span></span>109<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">millio<span class=\"_ _2\"></span>n)</span> </span></span></span></span>to Sticht<span class=\"_ _0\"></span>ing</div>\n<div class=\"t m0 x7 h4f y17ee ff2a6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Forsett<span class=\"_ _0\"></span>lement (s<span class=\"_ _2b\"></span>ee note<span class=\"ls0 ws0\"> 25<span class=\"_ _2\"></span> <span class=\"lsfb wsfa\">Provi<span class=\"_ _2\"></span>sions).</span> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 579px; height: 246px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"_ _2b\"></span>ccrued in<span class=\"_ _2b\"></span>terest and</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">other liabilities</div>\n<div class=\"t m0 x66 h52 y5f4 ff336 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff336 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Deferred revenues<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">155<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Accrued finance <span class=\"lse5 wsf5\">costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Accrued other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives held for he<span class=\"_ _0\"></span>dging purposes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 726px; z-index: 15;\">Derivatives held for tra<span class=\"_ _0\"></span>ding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 726px; z-index: 15;\">3</div>\n<div class=\"t m0 xd2 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 726px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 711px; z-index: 15;\">Defined benefit pension liabilitie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 711px; z-index: 15;\">576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 711px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Defined benefit liabilities o<span class=\"_ _0\"></span>ther than pension<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 697px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Termination benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5ff ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y601 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Other long<span class=\"ls0 ws0\">-</span>term employee benefit liabili<span class=\"_ _0\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 667px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 667px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Short<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">term employee benefit liabilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 652px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Liabilities related to wri<span class=\"_ _0\"></span>tten put options on NC<span class=\"_ _0\"></span>I<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 637px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 637px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 622px; z-index: 15;\">Accounts payable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 622px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 622px; z-index: 15;\">213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 607px; z-index: 15;\">Due to agents, policyh<span class=\"_ _0\"></span>olders and intermediaries<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 607px; z-index: 15;\">450<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 607px; z-index: 15;\">485<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">VAT and <span class=\"wsf6\">other taxes payable<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 593px; z-index: 15;\">148<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 593px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Dividends payable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 578px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 578px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Due to reinsurers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 563px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 563px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Other liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 548px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 548px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff338 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff338 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 533px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff338 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 533px; z-index: 15;\">2,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d41 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1d42 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1d43 ff336 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Details o<span class=\"_ _2\"></span>f employee benefit<span class=\"_ _2\"></span> liabilities can <span class=\"_ _2\"></span>be found in <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">ote<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">6 <span class=\"lse1 wsf0\">section </span>6<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">.1 </span></span></span></div>\n<div class=\"t m0 x7 h4f y1d44 ff336 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee bene<span class=\"_ _2\"></span>fits. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d45 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d46 ff336 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line it<span class=\"_ _0\"></span>em <span class=\"ls0 ws0\">\u2018<span class=\"lse2 ws103\">Other li<span class=\"_ _2\"></span>abilities</span>\u2019 </span>includes payab<span class=\"_ _2b\"></span>les related to the cl<span class=\"_ _0\"></span>earing</div>\n<div class=\"t m0 x1a h4f y1d47 ff336 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of secur<span class=\"_ _0\"></span>ities tr<span class=\"_ _2b\"></span>ansactions,<span class=\"ls0 ws0\"> </span><span class=\"lse2\">collateral on </span><span class=\"wsf0\">interest rat<span class=\"_ _0\"></span>e swaps,<span class=\"ls0 ws0\"> <span class=\"lsfb wsfa\">cash </span></span></span></div>\n<div class=\"t m0 x1a h4f y1d48 ff336 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">received awai<span class=\"_ _2\"></span>ti<span class=\"lse0 wsf0\">ng al<span class=\"_ _0\"></span>location<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>to inv<span class=\"_ _2b\"></span>estments and sma<span class=\"_ _0\"></span>ll expense<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>to be </span></div>\n<div class=\"t m0 x1a h4f y1d49 ff336 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">paid.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1d4a ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d4b ff336 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Details of<span class=\"_ _0\"></span> derivati<span class=\"_ _0\"></span>ves can be fo<span class=\"_ _0\"></span>und in Note 27 D<span class=\"_ _0\"></span>erivati<span class=\"_ _0\"></span>ves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 397px; height: 428px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 397px; height: 564px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff33b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred revenu<span class=\"_ _2\"></span>es and accrued amounts are consi<span class=\"_ _2\"></span>dered to be short term liab<span class=\"_ _2\"></span>ilities with a maturity of<span class=\"_ _2\"></span> less than one year. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff33b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y804 ff33b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>bles show the undiscounted cash<span class=\"_ _2\"></span> flows of <span class=\"wsfa\">Accounts payable,<span class=\"_ _2\"></span> Due to agents<span class=\"_ _2\"></span>, policy holders a<span class=\"_ _2\"></span>nd intermediaries<span class=\"_ _2\"></span>, VAT and <span class=\"lse0\">other tax </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff33b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payable,<span class=\"_ _0\"></span> Dividen<span class=\"_ _0\"></span>ds payab<span class=\"_ _0\"></span>le, Due to re<span class=\"_ _0\"></span>insurers<span class=\"_ _0\"></span> and other li<span class=\"_ _2b\"></span>abilities class<span class=\"_ _0\"></span>ified by rel<span class=\"_ _2b\"></span>evant maturity<span class=\"_ _0\"></span> group. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff33b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 1018px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 544px; bottom: 1018px; z-index: 15;\">1 to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 646px; bottom: 1018px; z-index: 15;\">3 to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 725px; bottom: 1018px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff33b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Undiscounted cashflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 987px; z-index: 15;\">1,180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 987px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y608 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 987px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 987px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff33d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 972px; z-index: 15;\">1,180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 972px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h54 y603 ff33d fs3c fc10 sc0 ls0 ws0\" style=\"left: 687px; bottom: 972px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 972px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 927px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 927px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 544px; bottom: 927px; z-index: 15;\">1 to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 646px; bottom: 927px; z-index: 15;\">3 to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 725px; bottom: 927px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Undiscounted cashflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 897px; z-index: 15;\">1,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 897px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f2 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 897px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 897px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff33d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 882px; z-index: 15;\">1,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 882px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h54 ydd0 ff33d fs3c fc10 sc0 ls0 ws0\" style=\"left: 687px; bottom: 882px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 882px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 871px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag523": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"_ _2b\"></span>ccrued in<span class=\"_ _2b\"></span>terest</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and other asse<span class=\"_ _2b\"></span>ts</div>\n<div class=\"t m0 x66 h52 y5f4 ff2ac fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff2ac fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2ae fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2ae fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2ac fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Defer<span class=\"_ _2\"></span>red acqu<span class=\"_ _2\"></span>isition c<span class=\"_ _2\"></span>ost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Deferred other charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ac fs3c fc14 sc0 lse5 ws15d\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Accrued in<span class=\"_ _0\"></span>come<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,000<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives held for he<span class=\"_ _0\"></span>dging purposes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 726px; z-index: 15;\">Property intended for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 726px; z-index: 15;\">240<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 726px; z-index: 15;\">323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Defined benefit assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 697px; z-index: 15;\">79<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 697px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2af fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 682px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 682px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff2af fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 652px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 652px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y19f0 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y19f1 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y19f2 ff2ac fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Accrued inc<span class=\"_ _2\"></span>ome <span class=\"lse0 wsf0\">consi<span class=\"_ _0\"></span>sts mainl<span class=\"_ _0\"></span>y of accrue<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t income o<span class=\"_ _0\"></span>n </span></div>\n<div class=\"t m0 x7 h4f y19f3 ff2ac fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">government b<span class=\"_ _2\"></span>onds (<span class=\"wsf1\">2022<span class=\"ws103\">: EUR<span class=\"ls0 ws0\"> </span></span>634<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">million; </span></span>2021<span class=\"_ _2\"></span><span class=\"lsfa ws136\">: EUR<span class=\"ls0 ws0\"> </span></span>657<span class=\"ls0 ws0\"> </span></span>mi<span class=\"_ _2\"></span>llion) and</div>\n<div class=\"t m0 x7 h4f y19f4 ff2ac fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">corporat<span class=\"_ _2b\"></span>e bonds (<span class=\"lse2 wsf1\">2022<span class=\"lsfd ws120\">: EUR<span class=\"ls0 ws0\"> </span></span>19<span class=\"_ _2\"></span>8<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million; <span class=\"_ _2\"></span></span></span>2021<span class=\"wsfa\">: EUR<span class=\"ls0 ws0\"> </span></span>212<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion).</span> </span></span></div>\n<div class=\"t m0 x7 h4f y19f5 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y19f6 ff2ac fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Ot<span class=\"_ _2b\"></span>her\u2019 consists ma<span class=\"_ _0\"></span>inly of bui<span class=\"_ _0\"></span>ldings hel<span class=\"_ _0\"></span>d for resale.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y19f7 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y19f8 ff2ac fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Details a<span class=\"_ _0\"></span>bout deriv<span class=\"_ _2b\"></span>atives can be foun<span class=\"_ _0\"></span>d in Note 27 Deri<span class=\"_ _0\"></span>vatives.</div>\n\n<div class=\"t m0 x7 h4f y19f9 ff2ac fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">Deferred <span class=\"lse1 ws104\">acquisition costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y19fa ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ac fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y603 ff2ac fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 495px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff2ac fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 495px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff2ac fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2ae fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2ae fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2af fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 464px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 464px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 464px; z-index: 15;\">408<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 450px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 450px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y638 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 450px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2ac fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 435px; z-index: 15;\">Capi<span class=\"_ _2\"></span>talised d<span class=\"_ _2\"></span>eferred ac<span class=\"_ _2\"></span>quisit<span class=\"_ _2\"></span>ion costs<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 435px; z-index: 15;\">349<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 435px; z-index: 15;\">419<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 420px; z-index: 15;\">Depreciation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 420px; z-index: 15;\">(371)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 420px; z-index: 15;\">(420)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 405px; z-index: 15;\">Other purchases and s<span class=\"_ _0\"></span>ales of activities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 405px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e4 h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 405px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 390px; z-index: 15;\">Other adjustments including exchange<span class=\"_ _2b\"></span> r<span class=\"_ _2\"></span>ate di<span class=\"_ _0\"></span>fferences<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 390px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 390px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2af fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 375px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 375px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 375px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 364px; height: 172px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 364px; height: 597px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 364px; height: 597px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 364px; height: 597px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag535": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"_ _2b\"></span>ccrued in<span class=\"_ _2b\"></span>terest</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and other asse<span class=\"_ _2b\"></span>ts</div>\n<div class=\"t m0 x66 h52 y5f4 ff2ac fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff2ac fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2ae fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2ae fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2ac fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Defer<span class=\"_ _2\"></span>red acqu<span class=\"_ _2\"></span>isition c<span class=\"_ _2\"></span>ost<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Deferred other charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ac fs3c fc14 sc0 lse5 ws15d\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Accrued in<span class=\"_ _0\"></span>come<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,000<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives held for he<span class=\"_ _0\"></span>dging purposes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 726px; z-index: 15;\">Property intended for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 726px; z-index: 15;\">240<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 726px; z-index: 15;\">323<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Defined benefit assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">81<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 697px; z-index: 15;\">79<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 697px; z-index: 15;\">69<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2af fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 682px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 682px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff2af fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 652px; z-index: 15;\">1,941<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5ff ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 652px; z-index: 15;\">2,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y19f0 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y19f1 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y19f2 ff2ac fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Accrued inc<span class=\"_ _2\"></span>ome <span class=\"lse0 wsf0\">consi<span class=\"_ _0\"></span>sts mainl<span class=\"_ _0\"></span>y of accrue<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t income o<span class=\"_ _0\"></span>n </span></div>\n<div class=\"t m0 x7 h4f y19f3 ff2ac fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">government b<span class=\"_ _2\"></span>onds (<span class=\"wsf1\">2022<span class=\"ws103\">: EUR<span class=\"ls0 ws0\"> </span></span>634<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls102 ws11d\">million; </span></span>2021<span class=\"_ _2\"></span><span class=\"lsfa ws136\">: EUR<span class=\"ls0 ws0\"> </span></span>657<span class=\"ls0 ws0\"> </span></span>mi<span class=\"_ _2\"></span>llion) and</div>\n<div class=\"t m0 x7 h4f y19f4 ff2ac fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">corporat<span class=\"_ _2b\"></span>e bonds (<span class=\"lse2 wsf1\">2022<span class=\"lsfd ws120\">: EUR<span class=\"ls0 ws0\"> </span></span>19<span class=\"_ _2\"></span>8<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million; <span class=\"_ _2\"></span></span></span>2021<span class=\"wsfa\">: EUR<span class=\"ls0 ws0\"> </span></span>212<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion).</span> </span></span></div>\n<div class=\"t m0 x7 h4f y19f5 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y19f6 ff2ac fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line \u2018Ot<span class=\"_ _2b\"></span>her\u2019 consists ma<span class=\"_ _0\"></span>inly of bui<span class=\"_ _0\"></span>ldings hel<span class=\"_ _0\"></span>d for resale.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y19f7 ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y19f8 ff2ac fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Details a<span class=\"_ _0\"></span>bout deriv<span class=\"_ _2b\"></span>atives can be foun<span class=\"_ _0\"></span>d in Note 27 Deri<span class=\"_ _0\"></span>vatives.</div>\n\n<div class=\"t m0 x7 h4f y19f9 ff2ac fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">Deferred <span class=\"lse1 ws104\">acquisition costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y19fa ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ac fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y603 ff2ac fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 495px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff2ac fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 495px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff2ac fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2ae fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2ae fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2af fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 464px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 464px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 464px; z-index: 15;\">408<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 450px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 450px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y638 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 450px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2ac fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 435px; z-index: 15;\">Capi<span class=\"_ _2\"></span>talised d<span class=\"_ _2\"></span>eferred ac<span class=\"_ _2\"></span>quisit<span class=\"_ _2\"></span>ion costs<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 435px; z-index: 15;\">349<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 435px; z-index: 15;\">419<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 420px; z-index: 15;\">Depreciation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 420px; z-index: 15;\">(371)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 420px; z-index: 15;\">(420)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 405px; z-index: 15;\">Other purchases and s<span class=\"_ _0\"></span>ales of activities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 405px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e4 h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 405px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 390px; z-index: 15;\">Other adjustments including exchange<span class=\"_ _2b\"></span> r<span class=\"_ _2\"></span>ate di<span class=\"_ _0\"></span>fferences<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 390px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 390px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2af fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 375px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 375px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 375px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 364px; height: 172px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 364px; height: 597px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag534": {
   "value": "\n<div class=\"t m0 x7 h4f y19f9 ff2ac fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">Deferred <span class=\"lse1 ws104\">acquisition costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y19fa ff2ac fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ac fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 495px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y603 ff2ac fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 495px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff2ac fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 495px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff2ac fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2ae fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y605 ff2ae fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 479px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2af fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 464px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 464px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 464px; z-index: 15;\">408<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 450px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 450px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y638 ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 450px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2ac fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 435px; z-index: 15;\">Capi<span class=\"_ _2\"></span>talised d<span class=\"_ _2\"></span>eferred ac<span class=\"_ _2\"></span>quisit<span class=\"_ _2\"></span>ion costs<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 435px; z-index: 15;\">349<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 435px; z-index: 15;\">419<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 420px; z-index: 15;\">Depreciation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 420px; z-index: 15;\">(371)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 420px; z-index: 15;\">(420)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 405px; z-index: 15;\">Other purchases and s<span class=\"_ _0\"></span>ales of activities <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y60e ff2ac fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 405px; z-index: 15;\"> </div>\n<div class=\"t m0 x2e4 h52 y60e ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 405px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 390px; z-index: 15;\">Other adjustments including exchange<span class=\"_ _2b\"></span> r<span class=\"_ _2\"></span>ate di<span class=\"_ _0\"></span>fferences<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 390px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y70b ff2ac fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 390px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2af fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 375px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 375px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff2af fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 375px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 364px; height: 172px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredAcquisitionCostsArisingFromInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag530": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Pro<span class=\"_ _0\"></span>per<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>y<span class=\"_ _3\"></span>, pl<span class=\"_ _2\"></span>ant</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and equipment</div>\n<div class=\"t m0 x7 h63 y17d6 ff2b4 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Property, plant and equipment</div>\n<div class=\"t m0 x7 h63 y17d7 ff2b4 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">include<span class=\"ls0 ws0\"> </span><span class=\"ws10f\">office buildings<span class=\"_ _2\"></span> and public </span></div>\n<div class=\"t m0 x7 h63 y17d8 ff2b4 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">car parks.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff2b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y1550 ff2b2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 578px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y1550 ff2b2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 718px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xf4 h52 y608 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xf4 h52 y608 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 794px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Car parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 786px; z-index: 15;\">1,430<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 786px; z-index: 15;\">1,383<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Land and buildings hel<span class=\"_ _0\"></span>d for own use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x367 h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 771px; z-index: 15;\">608<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x367 h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 771px; z-index: 15;\">209<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Leasehold improvements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y60e ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 756px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y60e ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 756px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Equipment, motor vehicles and<span class=\"_ _2b\"></span> IT equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x367 h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 741px; z-index: 15;\">142<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x367 h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 741px; z-index: 15;\">112<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff2b5 fs3c fc10 sc0 lsec wsfe\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h54 y5f7 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 727px; z-index: 15;\">2,227<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h54 y5f7 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 727px; z-index: 15;\">1,732<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1a19 ff2b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1a1a ff2b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff2b2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 573px; bottom: 679px; z-index: 15;\">Land &amp; building held<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f7 ff2b2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 551px; bottom: 665px; z-index: 15;\">for own use and car<span class=\"_ _0\"></span> parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5fc ff2b2 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 688px; bottom: 679px; z-index: 15;\">Equipment, motor vehicles<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f7 ff2b2 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 724px; bottom: 665px; z-index: 15;\">and IT equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 665px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5fc ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 584px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5fc ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 649px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y601 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 584px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y601 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 634px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2b2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 619px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x261 h52 y5ff ff2b2 fs3c fc10 sc0 lsec wsf3\" style=\"left: 530px; bottom: 619px; z-index: 15;\">Own P<span class=\"_ _2\"></span>roperty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff2b2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 649px; z-index: 15;\">Leased <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff2b2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 621px; bottom: 634px; z-index: 15;\">Property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5ff ff2b2 fs3c fc10 sc0 lsec ws100\" style=\"left: 604px; bottom: 619px; z-index: 15;\">(rig<span class=\"_ _2\"></span>ht of use)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x261 h52 y5ff ff2b2 fs3c fc10 sc0 lsec wsfe\" style=\"left: 670px; bottom: 619px; z-index: 15;\">Own <span class=\"_ _2\"></span><span class=\"lse4 wsf4\">Property<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f9 h52 y5fc ff2b2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 649px; z-index: 15;\">Leased <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y601 ff2b2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 760px; bottom: 634px; z-index: 15;\">Property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x142 h52 y5ff ff2b2 fs3c fc10 sc0 lsec ws100\" style=\"left: 743px; bottom: 619px; z-index: 15;\">(rig<span class=\"_ _2\"></span>ht of use)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y647 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y647 ff2b6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 584px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y647 ff2b6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 654px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y647 ff2b6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y647 ff2b6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 604px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff2b5 fs3c fc10 sc0 lsef ws102\" style=\"left: 324px; bottom: 589px; z-index: 15;\">Acqui<span class=\"_ _2\"></span>sition cos<span class=\"_ _2\"></span>t as at 1 Janua<span class=\"_ _2\"></span>ry<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5ff ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 589px; z-index: 15;\">1,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5ff ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 589px; z-index: 15;\">641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h54 y5ff ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 710px; bottom: 589px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5ff ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 589px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 574px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y608 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 584px; bottom: 574px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 574px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 713px; bottom: 574px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y608 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 574px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 559px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 570px; bottom: 559px; z-index: 15;\">378<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 559px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 715px; bottom: 559px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y603 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 559px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 544px; z-index: 15;\">Additions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 575px; bottom: 544px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 645px; bottom: 544px; z-index: 15;\">90<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 715px; bottom: 544px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 544px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 529px; z-index: 15;\">Reversal of cost due <span class=\"_ _0\"></span>to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 569px; bottom: 529px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 529px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 709px; bottom: 529px; z-index: 15;\">(19)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 529px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 515px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f2 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 575px; bottom: 515px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f2 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 515px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f2 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 713px; bottom: 515px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f2 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 515px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2b5 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 500px; z-index: 15;\">Acquisition cost as a<span class=\"_ _0\"></span>t 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5f4 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 500px; z-index: 15;\">2,334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f4 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 500px; z-index: 15;\">748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h54 y5f4 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 710px; bottom: 500px; z-index: 15;\">370<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 500px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 485px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f9 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 584px; bottom: 485px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f9 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 654px; bottom: 485px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f9 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 485px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f9 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 485px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2b5 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 470px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 470px; z-index: 15;\">(767)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 634px; bottom: 470px; z-index: 15;\">(171)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 704px; bottom: 470px; z-index: 15;\">(245)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y60e ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 470px; z-index: 15;\">(25)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 455px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f9 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 584px; bottom: 455px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 650px; bottom: 455px; z-index: 15;\">5</div>\n<div class=\"t m0 x1f0 h52 y5f9 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 720px; bottom: 455px; z-index: 15;\">3</div>\n<div class=\"t m0 x15d h52 y5f9 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 455px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 440px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 440px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f7 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 440px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 713px; bottom: 440px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f7 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 440px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 426px; z-index: 15;\">Depreciation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 569px; bottom: 426px; z-index: 15;\">(44)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 426px; z-index: 15;\">(60)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 709px; bottom: 426px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5fc ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 426px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 411px; z-index: 15;\">Reversal of depreciation due<span class=\"_ _0\"></span> to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 580px; bottom: 411px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f0 h52 y5f7 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 650px; bottom: 411px; z-index: 15;\">7</div>\n<div class=\"t m0 x160 h52 y5f7 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 715px; bottom: 411px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 789px; bottom: 411px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5ff ff2b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 396px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 396px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5ff ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 396px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 720px; bottom: 396px; z-index: 15;\">4</div>\n<div class=\"t m0 x1f0 h52 y5ff ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 789px; bottom: 396px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y601 ff2b5 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 381px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y601 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 564px; bottom: 381px; z-index: 15;\">(814)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y601 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 634px; bottom: 381px; z-index: 15;\">(219)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y601 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 704px; bottom: 381px; z-index: 15;\">(257)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 381px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 366px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5ff ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 584px; bottom: 366px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5ff ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 654px; bottom: 366px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5ff ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 366px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5ff ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 366px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff2b5 fs3c fc10 sc0 lsef ws102\" style=\"left: 324px; bottom: 351px; z-index: 15;\">Accumu<span class=\"_ _2\"></span>lated imp<span class=\"_ _2\"></span>airments a<span class=\"_ _2\"></span>s at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 569px; bottom: 351px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h54 y608 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 654px; bottom: 351px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y608 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 351px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y608 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 351px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 336px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff2b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 336px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y603 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 654px; bottom: 336px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 336px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y603 ff2b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 336px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff2b5 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 322px; z-index: 15;\">Accumulated impairments as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 569px; bottom: 322px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h54 y608 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 654px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y608 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h54 y608 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 322px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff2b5 fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 584px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 654px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 724px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2b2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 307px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff2b5 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 292px; z-index: 15;\">Total as at 31 Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h54 y5f2 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 562px; bottom: 292px; z-index: 15;\">1,508<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f2 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 292px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h54 y5f2 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 710px; bottom: 292px; z-index: 15;\">113<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f2 ff2b5 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 292px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 281px; height: 680px; width: 94%; z-index: 2;\"><br/></div>\n\n<div></div>\n<div class=\"t m0 x2b3 h52 y647 ff2b9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 544px; bottom: 1081px; z-index: 15;\">Land &amp; <span class=\"wsf3\">building held<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x15d h52 y603 ff2b9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 523px; bottom: 1066px; z-index: 15;\">for own use and car<span class=\"_ _0\"></span> parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y647 ff2b9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 691px; bottom: 1081px; z-index: 15;\">Equipment, motor vehicles<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y603 ff2b9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 727px; bottom: 1066px; z-index: 15;\">and IT equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2b9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff2b9 fs3c fc10 sc0 lsec wsf3\" style=\"left: 486px; bottom: 1035px; z-index: 15;\">Own P<span class=\"_ _2\"></span>roperty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y605 ff2b9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 559px; bottom: 1050px; z-index: 15;\">Leased Property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff2b9 fs3c fc10 sc0 lsec ws100\" style=\"left: 574px; bottom: 1035px; z-index: 15;\">(rig<span class=\"_ _2\"></span>ht of use)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y603 ff2b9 fs3c fc10 sc0 lsec wsf3\" style=\"left: 657px; bottom: 1035px; z-index: 15;\">Own P<span class=\"_ _2\"></span>roperty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y605 ff2b9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 731px; bottom: 1050px; z-index: 15;\">Leased Property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y603 ff2b9 fs3c fc10 sc0 lsec ws100\" style=\"left: 746px; bottom: 1035px; z-index: 15;\">(rig<span class=\"_ _2\"></span>ht of use)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1066px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 539px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y605 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 710px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff2bc fs3c fc10 sc0 ls0 ws0\" style=\"left: 539px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff2bc fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff2bc fs3c fc10 sc0 ls0 ws0\" style=\"left: 710px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y605 ff2bc fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2bb fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Acqui<span class=\"_ _2\"></span>sition cos<span class=\"_ _2\"></span>t as at 1 Janua<span class=\"_ _2\"></span>ry<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y603 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 517px; bottom: 1005px; z-index: 15;\">1,938<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y603 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 1005px; z-index: 15;\">613<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y603 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 696px; bottom: 1005px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y603 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 1005px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Additions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 990px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 990px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 990px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 990px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Reversal of cost due <span class=\"_ _0\"></span>to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 975px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 975px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f4 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 975px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 975px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 960px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 960px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y638 ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 946px; z-index: 15;\">Acquisition cost as a<span class=\"_ _0\"></span>t 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 517px; bottom: 946px; z-index: 15;\">1,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 946px; z-index: 15;\">641<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 696px; bottom: 946px; z-index: 15;\">334<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 946px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 539px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 710px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 916px; z-index: 15;\">(738)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 916px; z-index: 15;\">(124)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 916px; z-index: 15;\">(247)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h54 y60e ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 916px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 901px; z-index: 15;\">Depreciation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 901px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 901px; z-index: 15;\">(63)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5fc ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 695px; bottom: 901px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5fc ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 901px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Reversal of depreciation due<span class=\"_ _0\"></span> to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y63a ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 886px; z-index: 15;\">6</div>\n<div class=\"t m0 x2f h52 y63a ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 886px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y63a ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 886px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y63a ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 886px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5fc ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5fc ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 871px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h52 y5fc ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 871px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5fc ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 710px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Accumulated depreciation as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 519px; bottom: 856px; z-index: 15;\">(767)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 856px; z-index: 15;\">(171)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 856px; z-index: 15;\">(245)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 856px; z-index: 15;\">(24)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 539px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 710px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff2bb fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Accumu<span class=\"_ _2\"></span>lated imp<span class=\"_ _2\"></span>airments a<span class=\"_ _2\"></span>s at 1 <span class=\"lse4 wsf4\">January<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 827px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 827px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y647 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 827px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y647 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 539px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5ff ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 620px; bottom: 812px; z-index: 15;\">1</div>\n<div class=\"t m0 x44 h52 y5ff ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 812px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5ff ff2b9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff2bb fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Accumulated impairments as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h54 y608 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 797px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y608 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 710px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y608 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 539px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 710px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y603 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff2bb fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 767px; z-index: 15;\">Total as at 31 Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h54 y5f2 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 517px; bottom: 767px; z-index: 15;\">1,122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f2 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 767px; z-index: 15;\">470<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f2 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 700px; bottom: 767px; z-index: 15;\">89<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f2 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 767px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a3a ff2b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a3b ff2b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x7 h4f y1a3c ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">An amount of<span class=\"_ _0\"></span> <span class=\"lsfa ws114\">EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">159<span class=\"_ _2\"></span></span> <span class=\"ls102 ws11d\">million</span> <span class=\"lsf4 ws10c\">of <span class=\"_ _2\"></span></span>p</span></span>ropert<span class=\"_ _0\"></span>y, plant an<span class=\"_ _0\"></span>d equipme<span class=\"_ _0\"></span>nt has</div>\n<div class=\"t m0 x7 h4f y1a3d ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">been ple<span class=\"_ _0\"></span>dged as coll<span class=\"_ _0\"></span>ateral (31<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsf1\">2021<span class=\"lsfa ws136\">: EUR</span></span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">166</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span>  </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 64px; bottom: 695px; height: 41px; width: 328px; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1a3e ff2b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a3f ff2b9 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Property, o<span class=\"_ _2\"></span>ther than car par<span class=\"_ _2\"></span>ks, is externally<span class=\"_ _2\"></span> appraised each year<span class=\"_ _2\"></span>,</div>\n<div class=\"t m0 x7 h4f y1a40 ff2b9 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">whereby the inde<span class=\"_ _2\"></span>pendent appraisers are rota<span class=\"_ _2\"></span>ted every three years. Fair<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y1a41 ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">values are b<span class=\"_ _2b\"></span>ased on level 3 valuat<span class=\"_ _0\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a42 ff2b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a43 ff2b9 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas d<span class=\"_ _0\"></span>etermin<span class=\"_ _0\"></span>es car p<span class=\"_ _0\"></span>ark fair v<span class=\"_ _2b\"></span>alues using in<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">house models<span class=\"_ _0\"></span> that also </span></span></div>\n<div class=\"t m0 x7 h4f y1a44 ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">use unobs<span class=\"_ _2b\"></span>ervable market dat<span class=\"_ _0\"></span>a (level 3).<span class=\"_ _0\"></span> The result<span class=\"_ _2b\"></span>ing fair values ar<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1a45 ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">calibrat<span class=\"_ _2b\"></span>ed based on availa<span class=\"_ _0\"></span>ble market<span class=\"_ _0\"></span> data and/<span class=\"_ _0\"></span>or transa<span class=\"_ _0\"></span>ctions.<span class=\"_ _0\"></span> Level 3</div>\n<div class=\"t m0 x1a h4f y1a46 ff2b9 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">valuati<span class=\"_ _0\"></span>on tec<span class=\"wsf0\">hn<span class=\"_ _2b\"></span>iques are used for meas<span class=\"_ _2b\"></span>uring car parks pri<span class=\"_ _0\"></span>marily us<span class=\"_ _0\"></span>ing </span></div>\n<div class=\"t m0 x1a h4f y1a47 ff2b9 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash flows.<span class=\"_ _2b\"></span> Expected car pa<span class=\"_ _2b\"></span>rk cash flows t<span class=\"_ _0\"></span>ake int<span class=\"_ _0\"></span>o account<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1a48 ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d inflati<span class=\"_ _0\"></span>on, and ec<span class=\"_ _0\"></span>onomic gr<span class=\"_ _0\"></span>owth in indi<span class=\"_ _0\"></span>vidua<span class=\"_ _0\"></span>l car park are<span class=\"_ _0\"></span>as,</div>\n<div class=\"t m0 x1a h4f y1a49 ff2b9 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">among oth<span class=\"_ _2b\"></span>er <span class=\"_ _2\"></span>fact<span class=\"_ _2b\"></span>ors. The expect<span class=\"_ _0\"></span>ed net cash fl<span class=\"_ _0\"></span>ows are dis<span class=\"_ _2b\"></span>counted using</div>\n<div class=\"t m0 x1a h4f y1a4a ff2b9 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse0\">adjust<span class=\"_ _2b\"></span>ed discount r<span class=\"_ _0\"></span>ates. Th<span class=\"_ _2b\"></span>e discount rat<span class=\"_ _0\"></span>e estimat<span class=\"_ _2b\"></span>ion consider<span class=\"_ _2b\"></span>s the </span></div>\n<div class=\"t m0 x1a h4f y1a4b ff2b9 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">quality<span class=\"_ _0\"></span> of the c<span class=\"_ _0\"></span>ar park a<span class=\"_ _0\"></span>nd its l<span class=\"_ _0\"></span>ocation<span class=\"_ _2b\"></span>, among other fac<span class=\"_ _0\"></span>tors.</div>\n<div class=\"t m0 x7 h4f y1a4c ff2b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a4d ff2b9 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Fair val<span class=\"_ _0\"></span>ue of land and b<span class=\"_ _0\"></span>uildin<span class=\"_ _0\"></span>gs held for ow<span class=\"_ _0\"></span>n use and car<span class=\"_ _0\"></span> parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a4e ff2b9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 516px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y638 ff2b9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 516px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y638 ff2b9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 516px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2bb fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff2b9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff2bb fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 485px; z-index: 15;\">Total fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue of La<span class=\"_ _0\"></span>nd and bu<span class=\"_ _2b\"></span>ildings held<span class=\"_ _0\"></span> for own us<span class=\"_ _0\"></span>e and ca<span class=\"_ _2b\"></span>r parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 485px; z-index: 15;\">2,261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 485px; z-index: 15;\">1,837<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2b9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 470px; z-index: 15;\">Total carrying amount (<span class=\"_ _0\"></span>including lease liability)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 470px; z-index: 15;\">1,498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 470px; z-index: 15;\">1,114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2bb fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 455px; z-index: 15;\">Gross u<span class=\"_ _2b\"></span>nrealised gai<span class=\"_ _2b\"></span>ns (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 455px; z-index: 15;\">763<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 455px; z-index: 15;\">723<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 441px; z-index: 15;\">Taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f7 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 441px; z-index: 15;\">(200)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f7 ff2b9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 441px; z-index: 15;\">(176)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2bb fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 426px; z-index: 15;\">Net unrealised gains (losses) (not <span class=\"lsee ws101\">recognised in equity)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h54 y5fc ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 426px; z-index: 15;\">563<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff2bb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 426px; z-index: 15;\">547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 415px; height: 675px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag458": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Goodw<span class=\"_ _2b\"></span>ill a<span class=\"_ _2\"></span>nd o<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>her<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">intangible a<span class=\"_ _2\"></span>sse<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x66 h52 y1550 ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2be fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Public car park service con<span class=\"_ _0\"></span>cessions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2be fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 756px; z-index: 15;\">VOBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other <span class=\"wsf3\">intangible assets<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">210<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2c0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a60 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a61 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a62 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2022, Ag<span class=\"_ _0\"></span>eas incre<span class=\"_ _0\"></span>ased its int<span class=\"_ _2b\"></span>erest in the joint ve<span class=\"_ _0\"></span>nture Age<span class=\"_ _2b\"></span>as Federal</div>\n<div class=\"t m0 x7 h4f y1a63 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Life Ins<span class=\"_ _0\"></span>urance C<span class=\"_ _2b\"></span>ompany Ltd (AF<span class=\"_ _2b\"></span>LIC) from 49% t<span class=\"_ _0\"></span>o 74%.<span class=\"ls0 ws0\"> </span>Foll<span class=\"_ _2b\"></span>owing this</div>\n<div class=\"t m0 x7 h4f y1a64 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion, a goodwill of EU<span class=\"_ _0\"></span>R 5 millio<span class=\"_ _0\"></span>n was recogn<span class=\"_ _2b\"></span>ised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a65 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a66 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Licenses<span class=\"_ _0\"></span> to ope<span class=\"_ _0\"></span>rate we<span class=\"_ _2b\"></span>re acquired as a r<span class=\"_ _2b\"></span>esult of the bu<span class=\"_ _0\"></span>siness</div>\n<div class=\"t m0 x7 h4f y1a67 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">combinat<span class=\"_ _2b\"></span>ion of Anima Group.<span class=\"_ _0\"></span> This intan<span class=\"_ _0\"></span>gible is rec<span class=\"_ _2b\"></span>orded in \u2018Other</div>\n<div class=\"t m0 x1a h4f y1a68 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets\u2019 and has an in<span class=\"_ _0\"></span>definit<span class=\"_ _0\"></span>e lifetime.<span class=\"_ _0\"></span> At <span class=\"lse2 ws103\">31 December 2022, </span></div>\n<div class=\"t m0 x1a h4f y1a69 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">this int<span class=\"_ _2b\"></span>angible was tes<span class=\"_ _0\"></span>ted for i<span class=\"_ _2b\"></span>mpairment an<span class=\"_ _0\"></span>d an amou<span class=\"_ _0\"></span>nt of EU<span class=\"_ _0\"></span>R 0.4</div>\n<div class=\"t m0 x1a h4f y1a6a ff2be fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million impa<span class=\"_ _2\"></span>irment was recorded<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1a6b ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1a6c ff2be fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Changes in <span class=\"_ _2\"></span>goodwill, VOBA and P<span class=\"_ _2\"></span>ublic car park<span class=\"_ _2\"></span> service concessions<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">are </span></div>\n<div class=\"t m0 x1a h4f y1a6d ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shown bel<span class=\"_ _2b\"></span>ow.</div>\n<div class=\"t m0 x7 h4f y1a6e ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a6f ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x17 h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x17 h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 524px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5ff ff2be fs3c fc10 sc0 ls109 ws12c\" style=\"left: 461px; bottom: 524px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff2be fs3c fc10 sc0 lse5 wsf5\" style=\"left: 622px; bottom: 524px; z-index: 15;\">VOBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y63a ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 736px; bottom: 539px; z-index: 15;\">Public Car Park<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff2be fs3c fc10 sc0 lse5 ws15d\" style=\"left: 713px; bottom: 524px; z-index: 15;\">Service Co<span class=\"_ _0\"></span>ncessions<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 508px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff2c0 fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 478px; z-index: 15;\">Acqui<span class=\"_ _2\"></span>sition cos<span class=\"_ _2\"></span>t as at 1 Janua<span class=\"_ _2\"></span>ry<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 478px; z-index: 15;\">648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 478px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 478px; z-index: 15;\">528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 478px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 478px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 478px; z-index: 15;\">726<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 463px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 463px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 463px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 448px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 416px; bottom: 448px; z-index: 15;\">6</div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 448px; z-index: 15;\">144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 433px; z-index: 15;\">Additions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 712px; bottom: 433px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 433px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 418px; z-index: 15;\">Reversal of cost due <span class=\"_ _0\"></span>to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 712px; bottom: 418px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 403px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 403px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 403px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 403px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 403px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 403px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 403px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 389px; z-index: 15;\">Acquisition cost as a<span class=\"_ _0\"></span>t 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 389px; z-index: 15;\">629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 389px; z-index: 15;\">648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 389px; z-index: 15;\">658<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 389px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 389px; z-index: 15;\">828<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 389px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 359px; z-index: 15;\">Accumulated amortisation as at<span class=\"_ _0\"></span> 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 359px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5f9 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 359px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 550px; bottom: 359px; z-index: 15;\">(495)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 359px; z-index: 15;\">(485)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 701px; bottom: 359px; z-index: 15;\">(296)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 359px; z-index: 15;\">(265)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 344px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 566px; bottom: 344px; z-index: 15;\">1</div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 329px; z-index: 15;\">Amortisation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 329px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 329px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 329px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 329px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 329px; z-index: 15;\">(27)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 329px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 314px; z-index: 15;\">Reversal of amortisation due <span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>o disposal<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 717px; bottom: 314px; z-index: 15;\">2</div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 299px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 717px; bottom: 299px; z-index: 15;\">6</div>\n<div class=\"t m0 x1f0 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 299px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 285px; z-index: 15;\">Accumulated amortisation as at<span class=\"_ _0\"></span> 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 550px; bottom: 285px; z-index: 15;\">(508)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 285px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 701px; bottom: 285px; z-index: 15;\">(315)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 285px; z-index: 15;\">(296)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff2c0 fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 255px; z-index: 15;\">Accumu<span class=\"_ _2\"></span>lated imp<span class=\"_ _2\"></span>airments a<span class=\"_ _2\"></span>s at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 255px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 255px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 255px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 255px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 255px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 255px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 240px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 240px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 225px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 416px; bottom: 225px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y605 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 225px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 210px; z-index: 15;\">Accumulated impairments as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 210px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 210px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y603 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 210px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y603 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 210px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 210px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 210px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 181px; z-index: 15;\">Total as at 31 Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 181px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 181px; z-index: 15;\">616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 181px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 181px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 181px; z-index: 15;\">502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 181px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 170px; height: 791px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 170px; height: 791px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 170px; height: 791px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 170px; height: 791px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Impairm<span class=\"_ _2b\"></span>ent testing of <span class=\"_ _0\"></span>goodwil<span class=\"_ _0\"></span>l is perf<span class=\"_ _0\"></span>ormed an<span class=\"_ _2b\"></span>nually at the en<span class=\"_ _2b\"></span>d of the</div>\n<div class=\"t m0 x7 h4f y804 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">year by com<span class=\"_ _0\"></span>paring the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>overabl<span class=\"_ _0\"></span>e amount of<span class=\"_ _0\"></span> cash<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generating un<span class=\"_ _2\"></span>its </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(CGU) wit<span class=\"_ _2b\"></span>h their carry<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ount. Th<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">recoverable amoun<span class=\"_ _2\"></span>t is the higher </span></div>\n<div class=\"t m0 x7 h4f y806 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the va<span class=\"_ _0\"></span>lue in u<span class=\"_ _0\"></span>se and fai<span class=\"_ _0\"></span>r value <span class=\"_ _0\"></span>less cos<span class=\"_ _0\"></span>ts to se<span class=\"_ _2b\"></span>ll. The type of ac<span class=\"_ _2b\"></span>quired</div>\n<div class=\"t m0 x7 h4f y807 ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">entity, the le<span class=\"_ _2\"></span>vel of operational integrati<span class=\"_ _2\"></span>on and common management,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y808 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>nes the definition of<span class=\"_ _0\"></span> the CGU. B<span class=\"_ _0\"></span>ased on thes<span class=\"_ _0\"></span>e criter<span class=\"_ _0\"></span>ia, Ageas</div>\n<div class=\"t m0 x7 h4f y809 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has desi<span class=\"_ _2b\"></span>gnated CGUs on c<span class=\"_ _2b\"></span>ountry level<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1506 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The recov<span class=\"_ _0\"></span>erable am<span class=\"_ _0\"></span>ount of a CGU is as<span class=\"_ _0\"></span>sesse<span class=\"_ _0\"></span>d by means of a</div>\n<div class=\"t m0 x1a h4f y1507 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">flow mode<span class=\"_ _0\"></span>l of the <span class=\"_ _0\"></span>anticip<span class=\"_ _0\"></span>ated fut<span class=\"_ _0\"></span>ure cash f<span class=\"_ _0\"></span>lows of<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x1a h4f yc3d ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">CGU. Th<span class=\"_ _0\"></span>e key ass<span class=\"_ _2b\"></span>umptions used i<span class=\"_ _2b\"></span>n the cash flow <span class=\"_ _0\"></span>model d<span class=\"_ _0\"></span>epend on</div>\n<div class=\"t m0 x1a h4f yc3e ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">input reflect<span class=\"_ _2\"></span>ing various financial and econ<span class=\"_ _2\"></span>omic variables, includin<span class=\"_ _2\"></span>g the</div>\n<div class=\"t m0 x1a h4f yc3f ff2c4 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">free rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in a give<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>untry and a pr<span class=\"_ _0\"></span>emium to r<span class=\"_ _0\"></span>eflect the<span class=\"_ _0\"></span> inherent </span></span></div>\n<div class=\"t m0 x1a h4f yc40 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risk of the ent<span class=\"_ _2b\"></span>ity being evaluat<span class=\"_ _0\"></span>ed. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc41 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc42 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">These var<span class=\"_ _0\"></span>iables ar<span class=\"_ _0\"></span>e determin<span class=\"_ _2b\"></span>ed on the basis of manag<span class=\"_ _0\"></span>ement\u2019s<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc43 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgem<span class=\"_ _0\"></span>ent. If th<span class=\"_ _2b\"></span>e entity is lis<span class=\"_ _0\"></span>ted on a <span class=\"wsf0\">s<span class=\"_ _2b\"></span>tock market, the mar<span class=\"_ _2b\"></span>ket price will </span></div>\n<div class=\"t m0 x1a h4f yc44 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">also be c<span class=\"_ _2b\"></span>onsidered an e<span class=\"_ _0\"></span>lement<span class=\"_ _0\"></span> in the ev<span class=\"_ _0\"></span>aluatio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc45 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc46 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc47 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The bre<span class=\"_ _0\"></span>akdown of<span class=\"_ _0\"></span> goodwil<span class=\"_ _2b\"></span>l and impairme<span class=\"_ _2b\"></span>nts for the mai<span class=\"_ _0\"></span>n cash<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">gene<span class=\"_ _2b\"></span>rating units as at 31<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">December</span> <span class=\"lse2 wsf1\">2022</span> <span class=\"lse0 wsf0\">is as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yc48 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 861px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y603 ff2c4 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 335px; bottom: 876px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 861px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 428px; bottom: 861px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 568px; bottom: 876px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 861px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 861px; z-index: 15;\">Segment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 876px; z-index: 15;\">Method<span class=\"ls0 ws0\"> </span><span class=\"wsf6\">used for<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x198 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 716px; bottom: 861px; z-index: 15;\">recoverable amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 846px; z-index: 15;\">Cash<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">generating unit (CGU)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 370px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 583px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 831px; z-index: 15;\">Ageas Portugal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 831px; z-index: 15;\">337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y605 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 831px; z-index: 15;\">337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 831px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 831px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Ageas (UK)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 816px; z-index: 15;\">265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 467px; bottom: 816px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 816px; z-index: 15;\">237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 816px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 816px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 360px; bottom: 801px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y5f2 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 801px; z-index: 15;\">3</div>\n<div class=\"t m0 x45 h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 801px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f2 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 689px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 801px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2c6 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 786px; z-index: 15;\">629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 467px; bottom: 786px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 786px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f4 ff2c6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y5f4 ff2c6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a8b ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a8c ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas Portuga<span class=\"_ _2\"></span>l<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a8d ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The repor<span class=\"_ _2\"></span>ted goodwill for Agea<span class=\"_ _2\"></span>s Portugal amoun<span class=\"_ _2\"></span>ts to EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">337<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion </span></span></span></div>\n<div class=\"t m0 x7 h4f y1a8e ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">(<span class=\"lse2 wsf1\">2021<span class=\"ws103\">: EUR</span></span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">337</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span> </div>\n<div class=\"t m0 x7 h4f y1a8f ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a90 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>e in use calculat<span class=\"_ _2b\"></span>ion uses expec<span class=\"_ _0\"></span>ted divi<span class=\"_ _2b\"></span>dends, based o<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y1a91 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business p<span class=\"_ _2\"></span>lans approved by lo<span class=\"_ _2\"></span>cal and Ageas\u2019<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">manag<span class=\"_ _2b\"></span>ement over a </span></span></div>\n<div class=\"t m0 x7 h4f y1a92 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period of <span class=\"_ _2\"></span><span class=\"wsf1\">three<span class=\"ls0 ws0\"> </span>years. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1a93 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a94 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>for af<span class=\"_ _0\"></span>ter thi<span class=\"_ _0\"></span>s period hav<span class=\"_ _0\"></span>e been ext<span class=\"_ _0\"></span>rapolat<span class=\"_ _0\"></span>ed using a g<span class=\"_ _0\"></span>rowth</div>\n<div class=\"t m0 x7 h4f y1a95 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate of 2.0 pe<span class=\"_ _2b\"></span>rcent, which repre<span class=\"_ _0\"></span>sents <span class=\"lsfc ws115\">the<span class=\"ls0 ws0\"> </span></span>expected inf<span class=\"_ _0\"></span>lation i<span class=\"_ _0\"></span>n Portuga<span class=\"_ _0\"></span>l.</div>\n<div class=\"t m0 x7 h4f y1a96 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate of 8.<span class=\"_ _0\"></span>6 percent (<span class=\"_ _2b\"></span>2021: 8.9 percent<span class=\"_ _0\"></span>) <span class=\"wsfa\">used is<span class=\"_ _0\"></span> based o<span class=\"wsef\">n </span></span></div>\n<div class=\"t m0 x7 h4f y1a97 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the avera<span class=\"_ _2\"></span>ge <span class=\"lsfb wsfa\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">free i<span class=\"_ _2b\"></span>nterest rate,<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">equity</span> <span class=\"lse2 wsfa\">risk pr<span class=\"_ _2\"></span>emium and </span>a<span class=\"_ _2\"></span> </span><span class=\"wsef\">beta </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1a98 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">coeffic<span class=\"_ _0\"></span>ient. T<span class=\"_ _0\"></span>he impa<span class=\"_ _0\"></span>irment t<span class=\"_ _0\"></span>est sho<span class=\"_ _0\"></span>wed that<span class=\"_ _0\"></span> the rec<span class=\"_ _2b\"></span>overable amou<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y1a99 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exceede<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>the ca<span class=\"_ _0\"></span>rrying v<span class=\"_ _0\"></span>alue of the C<span class=\"_ _0\"></span>GU includi<span class=\"_ _0\"></span>ng good<span class=\"_ _0\"></span>will.</div>\n<div class=\"t m0 x7 h4f y1a9a ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Consequently, good<span class=\"_ _2\"></span>will for Ageas Portugal wa<span class=\"_ _2\"></span>s not impaired.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a9b ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a9c ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Based o<span class=\"_ _0\"></span>n the sens<span class=\"_ _2b\"></span>itivity analy<span class=\"_ _0\"></span>sis wit<span class=\"_ _0\"></span>h regard t<span class=\"_ _2b\"></span>o the assumpti<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x7 h4f y1a9d ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">goodwill <span class=\"_ _2\"></span>for Ageas Portugal woul<span class=\"_ _2\"></span>d not be impaired<span class=\"_ _2\"></span> if the growth<span class=\"_ _2\"></span> rate was</div>\n<div class=\"t m0 x7 h4f y1a9e ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">largely ne<span class=\"_ _2\"></span>gative or the di<span class=\"_ _2\"></span>scount rate increased<span class=\"_ _2\"></span> by more <span class=\"lse0 wsef\">than </span><span class=\"wsf1\">10<span class=\"ls0 ws0\">.6<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1a9f ff2c4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">percent<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1aa0 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aa1 ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas UK<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aa2 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Goodwill <span class=\"_ _2\"></span>for Ageas UK amount<span class=\"_ _2\"></span>s <span class=\"lsfc ws115\">to </span><span class=\"wsf1\">GBP <span class=\"_ _2\"></span>235<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">million (</span></span></span><span class=\"lse0\">2021: GBP </span></div>\n<div class=\"t m0 x1a h4f y1aa3 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">235<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">million). Th<span class=\"_ _0\"></span>e net goodw<span class=\"_ _0\"></span>ill after im<span class=\"_ _2b\"></span>pairment amounts<span class=\"_ _0\"></span> to <span class=\"ls107 ws122\">GBP </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aa4 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">210<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">mil<span class=\"_ _2\"></span>lion (</span></span>2021<span class=\"lsf4 ws10c\">: </span>GBP <span class=\"_ _2\"></span>210<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>. </span> </span></div>\n<div class=\"t m0 x1a h4f y1aa5 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aa6 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>e in use calculat<span class=\"_ _2b\"></span>ion uses expec<span class=\"_ _0\"></span>ted divi<span class=\"_ _2b\"></span>dends based o<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f y1aa7 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business p<span class=\"_ _2\"></span>lans approved by lo<span class=\"_ _2\"></span>cal and Ageas\u2019s <span class=\"_ _2\"></span>management over a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aa8 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period of <span class=\"_ _2\"></span><span class=\"wsf1\">three<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">years. Est<span class=\"_ _2b\"></span>imates for after th<span class=\"_ _0\"></span>is period h<span class=\"_ _0\"></span>ave been </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aa9 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">extrap<span class=\"_ _0\"></span>olated usi<span class=\"_ _2b\"></span>ng a growth rate of 2.0<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">percent, which repre<span class=\"_ _2\"></span>sents <span class=\"lsfc ws115\">the</span></span> </span></div>\n<div class=\"t m0 x1a h4f y1aaa ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d inflati<span class=\"_ _0\"></span>on. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aab ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aac ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate <span class=\"lsf4 ws10c\">of </span>5.9 per<span class=\"_ _0\"></span>cent (20<span class=\"_ _0\"></span>21: 5.9 perc<span class=\"_ _0\"></span>ent) <span class=\"wsfa\">use<span class=\"_ _2b\"></span>d is based on </span></div>\n<div class=\"t m0 x1a h4f y1aad ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the avera<span class=\"_ _2\"></span>ge <span class=\"lsfb wsfa\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse2\">free intere<span class=\"lsf4 ws114\">st rate, </span></span></span>equ<span class=\"_ _2\"></span>ity <span class=\"wsfa\">risk premium<span class=\"_ _2\"></span> and <span class=\"ls0 ws0\">a <span class=\"lse0 wsef\">beta </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aae ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coefficient<span class=\"lsf4 ws10c\">. <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">The im<span class=\"_ _2b\"></span>pairment test <span class=\"wsef\">sho<span class=\"_ _0\"></span>wed <span class=\"lse2 ws103\">that the recoverable amo<span class=\"_ _2\"></span>unt </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1aaf ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exceede<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>the ca<span class=\"_ _0\"></span>rrying v<span class=\"_ _0\"></span>alue of the C<span class=\"_ _0\"></span>GU includi<span class=\"_ _0\"></span>ng good<span class=\"_ _0\"></span>will<span class=\"ls0 ws0\"> </span><span class=\"wsef\">and <span class=\"lse2 wsf1\">goodwill </span></span></div>\n<div class=\"t m0 x1a h4f y1ab0 ff2c4 fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">was<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">therefore</span> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">not impaired.</span> </span></div>\n<div class=\"t m0 x1a h4f y1ab1 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1ab2 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Based o<span class=\"_ _0\"></span>n the sens<span class=\"_ _2b\"></span>itivity analy<span class=\"_ _0\"></span>sis wit<span class=\"_ _0\"></span>h regard t<span class=\"_ _2b\"></span>o the assumpti<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x1a h4f y1ab3 ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">goodwill for<span class=\"_ _2\"></span> the UK business would not be impai<span class=\"_ _2\"></span>red if the long<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">ter<span class=\"_ _2\"></span>m </span></span></div>\n<div class=\"t m0 x1a h4f y1ab4 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">growth rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>was<span class=\"_ _0\"></span> negativ<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and the d<span class=\"_ _0\"></span>iscount <span class=\"_ _0\"></span>rate inc<span class=\"_ _2b\"></span>reased by <span class=\"lse2 ws103\">more than </span></span></div>\n<div class=\"t m0 x1a h4f y1ab5 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">6.2 perc<span class=\"_ _2b\"></span>ent.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 413px; height: 693px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 413px; height: 693px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 413px; height: 693px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 413px; height: 693px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2c8 fs3a fc10 sc0 lsfc ws115\" style=\"z-index: 15;\">Othe<span class=\"_ _2\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff2c8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Other includes<span class=\"_ _2\"></span> goodwill in <span class=\"wsf1\">Belgium<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">and <span class=\"lsfc ws115\">In<span class=\"_ _2\"></span>dia</span></span>. </span></span></div>\n<div class=\"t m0 x7 h4f yd14 ff2c8 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation of V<span class=\"_ _0\"></span>OBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd15 ff2c8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The main co<span class=\"_ _0\"></span>ntribut<span class=\"_ _2b\"></span>or <span class=\"_ _2\"></span>to V<span class=\"_ _0\"></span>OBA <span class=\"ls102 ws11d\">is<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">Ageas Federa<span class=\"_ _2\"></span>l Life Insurance Company Ltd</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">(AFLIC)</span></span></span>. The expect<span class=\"_ _0\"></span>ed amorti<span class=\"_ _2b\"></span>sation expens<span class=\"_ _0\"></span>es <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">as foll<span class=\"_ _0\"></span>ows. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yd16 ff2c8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2c8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x378 h52 y5ff ff2c8 fs3c fc10 sc0 lse7 ws0\" style=\"left: 668px; bottom: 1002px; z-index: 15;\">Estima<span class=\"_ _0\"></span>ted amo<span class=\"_ _2b\"></span>rtisation o<span class=\"_ _2b\"></span>f VOBA<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff2c8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 986px; z-index: 15;\"> </div>\n<div class=\"t m0 x286 h54 y647 ff2ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 986px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 972px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y603 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 972px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 957px; z-index: 15;\">2024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y608 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 957px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 942px; z-index: 15;\">2025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 942px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 927px; z-index: 15;\">2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f2 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 927px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 912px; z-index: 15;\">2027<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 912px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Later<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f9 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 897px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2cb fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37a h54 y60e ff2cb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 882px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 871px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 871px; height: 235px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 871px; height: 235px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 871px; height: 235px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag461": {
   "value": "\n<div><br/></div>\n\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Goodw<span class=\"_ _2b\"></span>ill a<span class=\"_ _2\"></span>nd o<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>her<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">intangible a<span class=\"_ _2\"></span>sse<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x66 h52 y1550 ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2be fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Public car park service con<span class=\"_ _0\"></span>cessions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2be fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 756px; z-index: 15;\">VOBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other <span class=\"wsf3\">intangible assets<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">210<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2c0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a60 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a61 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a62 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2022, Ag<span class=\"_ _0\"></span>eas incre<span class=\"_ _0\"></span>ased its int<span class=\"_ _2b\"></span>erest in the joint ve<span class=\"_ _0\"></span>nture Age<span class=\"_ _2b\"></span>as Federal</div>\n<div class=\"t m0 x7 h4f y1a63 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Life Ins<span class=\"_ _0\"></span>urance C<span class=\"_ _2b\"></span>ompany Ltd (AF<span class=\"_ _2b\"></span>LIC) from 49% t<span class=\"_ _0\"></span>o 74%.<span class=\"ls0 ws0\"> </span>Foll<span class=\"_ _2b\"></span>owing this</div>\n<div class=\"t m0 x7 h4f y1a64 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion, a goodwill of EU<span class=\"_ _0\"></span>R 5 millio<span class=\"_ _0\"></span>n was recogn<span class=\"_ _2b\"></span>ised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a65 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a66 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Licenses<span class=\"_ _0\"></span> to ope<span class=\"_ _0\"></span>rate we<span class=\"_ _2b\"></span>re acquired as a r<span class=\"_ _2b\"></span>esult of the bu<span class=\"_ _0\"></span>siness</div>\n<div class=\"t m0 x7 h4f y1a67 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">combinat<span class=\"_ _2b\"></span>ion of Anima Group.<span class=\"_ _0\"></span> This intan<span class=\"_ _0\"></span>gible is rec<span class=\"_ _2b\"></span>orded in \u2018Other</div>\n<div class=\"t m0 x1a h4f y1a68 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets\u2019 and has an in<span class=\"_ _0\"></span>definit<span class=\"_ _0\"></span>e lifetime.<span class=\"_ _0\"></span> At <span class=\"lse2 ws103\">31 December 2022, </span></div>\n<div class=\"t m0 x1a h4f y1a69 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">this int<span class=\"_ _2b\"></span>angible was tes<span class=\"_ _0\"></span>ted for i<span class=\"_ _2b\"></span>mpairment an<span class=\"_ _0\"></span>d an amou<span class=\"_ _0\"></span>nt of EU<span class=\"_ _0\"></span>R 0.4</div>\n<div class=\"t m0 x1a h4f y1a6a ff2be fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million impa<span class=\"_ _2\"></span>irment was recorded<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1a6b ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1a6c ff2be fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Changes in <span class=\"_ _2\"></span>goodwill, VOBA and P<span class=\"_ _2\"></span>ublic car park<span class=\"_ _2\"></span> service concessions<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">are </span></div>\n<div class=\"t m0 x1a h4f y1a6d ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shown bel<span class=\"_ _2b\"></span>ow.</div>\n<div class=\"t m0 x7 h4f y1a6e ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a6f ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x17 h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x17 h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 524px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5ff ff2be fs3c fc10 sc0 ls109 ws12c\" style=\"left: 461px; bottom: 524px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff2be fs3c fc10 sc0 lse5 wsf5\" style=\"left: 622px; bottom: 524px; z-index: 15;\">VOBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y63a ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 736px; bottom: 539px; z-index: 15;\">Public Car Park<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff2be fs3c fc10 sc0 lse5 ws15d\" style=\"left: 713px; bottom: 524px; z-index: 15;\">Service Co<span class=\"_ _0\"></span>ncessions<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 508px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff2c0 fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 478px; z-index: 15;\">Acqui<span class=\"_ _2\"></span>sition cos<span class=\"_ _2\"></span>t as at 1 Janua<span class=\"_ _2\"></span>ry<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 478px; z-index: 15;\">648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 478px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 478px; z-index: 15;\">528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 478px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 478px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 478px; z-index: 15;\">726<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 463px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 463px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 463px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 448px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 416px; bottom: 448px; z-index: 15;\">6</div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 448px; z-index: 15;\">144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 433px; z-index: 15;\">Additions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 712px; bottom: 433px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 433px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 418px; z-index: 15;\">Reversal of cost due <span class=\"_ _0\"></span>to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 712px; bottom: 418px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 403px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 403px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 403px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 403px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 403px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 403px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 403px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 389px; z-index: 15;\">Acquisition cost as a<span class=\"_ _0\"></span>t 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 389px; z-index: 15;\">629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 389px; z-index: 15;\">648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 389px; z-index: 15;\">658<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 389px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 389px; z-index: 15;\">828<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 389px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 359px; z-index: 15;\">Accumulated amortisation as at<span class=\"_ _0\"></span> 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 359px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5f9 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 359px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 550px; bottom: 359px; z-index: 15;\">(495)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 359px; z-index: 15;\">(485)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 701px; bottom: 359px; z-index: 15;\">(296)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 359px; z-index: 15;\">(265)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 344px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 566px; bottom: 344px; z-index: 15;\">1</div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 329px; z-index: 15;\">Amortisation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 329px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 329px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 329px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 329px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 329px; z-index: 15;\">(27)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 329px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 314px; z-index: 15;\">Reversal of amortisation due <span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>o disposal<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 717px; bottom: 314px; z-index: 15;\">2</div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 299px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 717px; bottom: 299px; z-index: 15;\">6</div>\n<div class=\"t m0 x1f0 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 299px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 285px; z-index: 15;\">Accumulated amortisation as at<span class=\"_ _0\"></span> 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 550px; bottom: 285px; z-index: 15;\">(508)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 285px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 701px; bottom: 285px; z-index: 15;\">(315)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 285px; z-index: 15;\">(296)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff2c0 fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 255px; z-index: 15;\">Accumu<span class=\"_ _2\"></span>lated imp<span class=\"_ _2\"></span>airments a<span class=\"_ _2\"></span>s at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 255px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 255px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 255px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 255px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 255px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 255px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 240px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 240px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 225px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 416px; bottom: 225px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y605 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 225px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 210px; z-index: 15;\">Accumulated impairments as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 210px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 210px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y603 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 210px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y603 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 210px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 210px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 210px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 181px; z-index: 15;\">Total as at 31 Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 181px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 181px; z-index: 15;\">616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 181px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 181px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 181px; z-index: 15;\">502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 181px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 170px; height: 791px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 170px; height: 791px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 170px; height: 791px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Impairm<span class=\"_ _2b\"></span>ent testing of <span class=\"_ _0\"></span>goodwil<span class=\"_ _0\"></span>l is perf<span class=\"_ _0\"></span>ormed an<span class=\"_ _2b\"></span>nually at the en<span class=\"_ _2b\"></span>d of the</div>\n<div class=\"t m0 x7 h4f y804 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">year by com<span class=\"_ _0\"></span>paring the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>overabl<span class=\"_ _0\"></span>e amount of<span class=\"_ _0\"></span> cash<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generating un<span class=\"_ _2\"></span>its </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(CGU) wit<span class=\"_ _2b\"></span>h their carry<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ount. Th<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">recoverable amoun<span class=\"_ _2\"></span>t is the higher </span></div>\n<div class=\"t m0 x7 h4f y806 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the va<span class=\"_ _0\"></span>lue in u<span class=\"_ _0\"></span>se and fai<span class=\"_ _0\"></span>r value <span class=\"_ _0\"></span>less cos<span class=\"_ _0\"></span>ts to se<span class=\"_ _2b\"></span>ll. The type of ac<span class=\"_ _2b\"></span>quired</div>\n<div class=\"t m0 x7 h4f y807 ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">entity, the le<span class=\"_ _2\"></span>vel of operational integrati<span class=\"_ _2\"></span>on and common management,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y808 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>nes the definition of<span class=\"_ _0\"></span> the CGU. B<span class=\"_ _0\"></span>ased on thes<span class=\"_ _0\"></span>e criter<span class=\"_ _0\"></span>ia, Ageas</div>\n<div class=\"t m0 x7 h4f y809 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has desi<span class=\"_ _2b\"></span>gnated CGUs on c<span class=\"_ _2b\"></span>ountry level<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1506 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The recov<span class=\"_ _0\"></span>erable am<span class=\"_ _0\"></span>ount of a CGU is as<span class=\"_ _0\"></span>sesse<span class=\"_ _0\"></span>d by means of a</div>\n<div class=\"t m0 x1a h4f y1507 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">flow mode<span class=\"_ _0\"></span>l of the <span class=\"_ _0\"></span>anticip<span class=\"_ _0\"></span>ated fut<span class=\"_ _0\"></span>ure cash f<span class=\"_ _0\"></span>lows of<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x1a h4f yc3d ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">CGU. Th<span class=\"_ _0\"></span>e key ass<span class=\"_ _2b\"></span>umptions used i<span class=\"_ _2b\"></span>n the cash flow <span class=\"_ _0\"></span>model d<span class=\"_ _0\"></span>epend on</div>\n<div class=\"t m0 x1a h4f yc3e ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">input reflect<span class=\"_ _2\"></span>ing various financial and econ<span class=\"_ _2\"></span>omic variables, includin<span class=\"_ _2\"></span>g the</div>\n<div class=\"t m0 x1a h4f yc3f ff2c4 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">free rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in a give<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>untry and a pr<span class=\"_ _0\"></span>emium to r<span class=\"_ _0\"></span>eflect the<span class=\"_ _0\"></span> inherent </span></span></div>\n<div class=\"t m0 x1a h4f yc40 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risk of the ent<span class=\"_ _2b\"></span>ity being evaluat<span class=\"_ _0\"></span>ed. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc41 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc42 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">These var<span class=\"_ _0\"></span>iables ar<span class=\"_ _0\"></span>e determin<span class=\"_ _2b\"></span>ed on the basis of manag<span class=\"_ _0\"></span>ement\u2019s<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc43 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgem<span class=\"_ _0\"></span>ent. If th<span class=\"_ _2b\"></span>e entity is lis<span class=\"_ _0\"></span>ted on a <span class=\"wsf0\">s<span class=\"_ _2b\"></span>tock market, the mar<span class=\"_ _2b\"></span>ket price will </span></div>\n<div class=\"t m0 x1a h4f yc44 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">also be c<span class=\"_ _2b\"></span>onsidered an e<span class=\"_ _0\"></span>lement<span class=\"_ _0\"></span> in the ev<span class=\"_ _0\"></span>aluatio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc45 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc46 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc47 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The bre<span class=\"_ _0\"></span>akdown of<span class=\"_ _0\"></span> goodwil<span class=\"_ _2b\"></span>l and impairme<span class=\"_ _2b\"></span>nts for the mai<span class=\"_ _0\"></span>n cash<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">gene<span class=\"_ _2b\"></span>rating units as at 31<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">December</span> <span class=\"lse2 wsf1\">2022</span> <span class=\"lse0 wsf0\">is as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yc48 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 861px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y603 ff2c4 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 335px; bottom: 876px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 861px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 428px; bottom: 861px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 568px; bottom: 876px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 861px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 861px; z-index: 15;\">Segment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 876px; z-index: 15;\">Method<span class=\"ls0 ws0\"> </span><span class=\"wsf6\">used for<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x198 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 716px; bottom: 861px; z-index: 15;\">recoverable amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 846px; z-index: 15;\">Cash<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">generating unit (CGU)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 370px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 583px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 831px; z-index: 15;\">Ageas Portugal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 831px; z-index: 15;\">337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y605 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 831px; z-index: 15;\">337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 831px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 831px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Ageas (UK)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 816px; z-index: 15;\">265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 467px; bottom: 816px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 816px; z-index: 15;\">237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 816px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 816px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 360px; bottom: 801px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y5f2 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 801px; z-index: 15;\">3</div>\n<div class=\"t m0 x45 h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 801px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f2 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 689px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 801px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2c6 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 786px; z-index: 15;\">629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 467px; bottom: 786px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 786px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f4 ff2c6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y5f4 ff2c6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a8b ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a8c ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas Portuga<span class=\"_ _2\"></span>l<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a8d ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The repor<span class=\"_ _2\"></span>ted goodwill for Agea<span class=\"_ _2\"></span>s Portugal amoun<span class=\"_ _2\"></span>ts to EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">337<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion </span></span></span></div>\n<div class=\"t m0 x7 h4f y1a8e ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">(<span class=\"lse2 wsf1\">2021<span class=\"ws103\">: EUR</span></span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">337</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span> </div>\n<div class=\"t m0 x7 h4f y1a8f ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a90 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>e in use calculat<span class=\"_ _2b\"></span>ion uses expec<span class=\"_ _0\"></span>ted divi<span class=\"_ _2b\"></span>dends, based o<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y1a91 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business p<span class=\"_ _2\"></span>lans approved by lo<span class=\"_ _2\"></span>cal and Ageas\u2019<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">manag<span class=\"_ _2b\"></span>ement over a </span></span></div>\n<div class=\"t m0 x7 h4f y1a92 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period of <span class=\"_ _2\"></span><span class=\"wsf1\">three<span class=\"ls0 ws0\"> </span>years. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1a93 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a94 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>for af<span class=\"_ _0\"></span>ter thi<span class=\"_ _0\"></span>s period hav<span class=\"_ _0\"></span>e been ext<span class=\"_ _0\"></span>rapolat<span class=\"_ _0\"></span>ed using a g<span class=\"_ _0\"></span>rowth</div>\n<div class=\"t m0 x7 h4f y1a95 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate of 2.0 pe<span class=\"_ _2b\"></span>rcent, which repre<span class=\"_ _0\"></span>sents <span class=\"lsfc ws115\">the<span class=\"ls0 ws0\"> </span></span>expected inf<span class=\"_ _0\"></span>lation i<span class=\"_ _0\"></span>n Portuga<span class=\"_ _0\"></span>l.</div>\n<div class=\"t m0 x7 h4f y1a96 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate of 8.<span class=\"_ _0\"></span>6 percent (<span class=\"_ _2b\"></span>2021: 8.9 percent<span class=\"_ _0\"></span>) <span class=\"wsfa\">used is<span class=\"_ _0\"></span> based o<span class=\"wsef\">n </span></span></div>\n<div class=\"t m0 x7 h4f y1a97 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the avera<span class=\"_ _2\"></span>ge <span class=\"lsfb wsfa\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">free i<span class=\"_ _2b\"></span>nterest rate,<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">equity</span> <span class=\"lse2 wsfa\">risk pr<span class=\"_ _2\"></span>emium and </span>a<span class=\"_ _2\"></span> </span><span class=\"wsef\">beta </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1a98 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">coeffic<span class=\"_ _0\"></span>ient. T<span class=\"_ _0\"></span>he impa<span class=\"_ _0\"></span>irment t<span class=\"_ _0\"></span>est sho<span class=\"_ _0\"></span>wed that<span class=\"_ _0\"></span> the rec<span class=\"_ _2b\"></span>overable amou<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y1a99 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exceede<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>the ca<span class=\"_ _0\"></span>rrying v<span class=\"_ _0\"></span>alue of the C<span class=\"_ _0\"></span>GU includi<span class=\"_ _0\"></span>ng good<span class=\"_ _0\"></span>will.</div>\n<div class=\"t m0 x7 h4f y1a9a ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Consequently, good<span class=\"_ _2\"></span>will for Ageas Portugal wa<span class=\"_ _2\"></span>s not impaired.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a9b ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a9c ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Based o<span class=\"_ _0\"></span>n the sens<span class=\"_ _2b\"></span>itivity analy<span class=\"_ _0\"></span>sis wit<span class=\"_ _0\"></span>h regard t<span class=\"_ _2b\"></span>o the assumpti<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x7 h4f y1a9d ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">goodwill <span class=\"_ _2\"></span>for Ageas Portugal woul<span class=\"_ _2\"></span>d not be impaired<span class=\"_ _2\"></span> if the growth<span class=\"_ _2\"></span> rate was</div>\n<div class=\"t m0 x7 h4f y1a9e ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">largely ne<span class=\"_ _2\"></span>gative or the di<span class=\"_ _2\"></span>scount rate increased<span class=\"_ _2\"></span> by more <span class=\"lse0 wsef\">than </span><span class=\"wsf1\">10<span class=\"ls0 ws0\">.6<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1a9f ff2c4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">percent<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1aa0 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aa1 ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas UK<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aa2 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Goodwill <span class=\"_ _2\"></span>for Ageas UK amount<span class=\"_ _2\"></span>s <span class=\"lsfc ws115\">to </span><span class=\"wsf1\">GBP <span class=\"_ _2\"></span>235<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">million (</span></span></span><span class=\"lse0\">2021: GBP </span></div>\n<div class=\"t m0 x1a h4f y1aa3 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">235<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">million). Th<span class=\"_ _0\"></span>e net goodw<span class=\"_ _0\"></span>ill after im<span class=\"_ _2b\"></span>pairment amounts<span class=\"_ _0\"></span> to <span class=\"ls107 ws122\">GBP </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aa4 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">210<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">mil<span class=\"_ _2\"></span>lion (</span></span>2021<span class=\"lsf4 ws10c\">: </span>GBP <span class=\"_ _2\"></span>210<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>. </span> </span></div>\n<div class=\"t m0 x1a h4f y1aa5 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aa6 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>e in use calculat<span class=\"_ _2b\"></span>ion uses expec<span class=\"_ _0\"></span>ted divi<span class=\"_ _2b\"></span>dends based o<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f y1aa7 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business p<span class=\"_ _2\"></span>lans approved by lo<span class=\"_ _2\"></span>cal and Ageas\u2019s <span class=\"_ _2\"></span>management over a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aa8 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period of <span class=\"_ _2\"></span><span class=\"wsf1\">three<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">years. Est<span class=\"_ _2b\"></span>imates for after th<span class=\"_ _0\"></span>is period h<span class=\"_ _0\"></span>ave been </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aa9 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">extrap<span class=\"_ _0\"></span>olated usi<span class=\"_ _2b\"></span>ng a growth rate of 2.0<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">percent, which repre<span class=\"_ _2\"></span>sents <span class=\"lsfc ws115\">the</span></span> </span></div>\n<div class=\"t m0 x1a h4f y1aaa ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d inflati<span class=\"_ _0\"></span>on. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aab ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aac ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate <span class=\"lsf4 ws10c\">of </span>5.9 per<span class=\"_ _0\"></span>cent (20<span class=\"_ _0\"></span>21: 5.9 perc<span class=\"_ _0\"></span>ent) <span class=\"wsfa\">use<span class=\"_ _2b\"></span>d is based on </span></div>\n<div class=\"t m0 x1a h4f y1aad ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the avera<span class=\"_ _2\"></span>ge <span class=\"lsfb wsfa\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse2\">free intere<span class=\"lsf4 ws114\">st rate, </span></span></span>equ<span class=\"_ _2\"></span>ity <span class=\"wsfa\">risk premium<span class=\"_ _2\"></span> and <span class=\"ls0 ws0\">a <span class=\"lse0 wsef\">beta </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aae ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coefficient<span class=\"lsf4 ws10c\">. <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">The im<span class=\"_ _2b\"></span>pairment test <span class=\"wsef\">sho<span class=\"_ _0\"></span>wed <span class=\"lse2 ws103\">that the recoverable amo<span class=\"_ _2\"></span>unt </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1aaf ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exceede<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>the ca<span class=\"_ _0\"></span>rrying v<span class=\"_ _0\"></span>alue of the C<span class=\"_ _0\"></span>GU includi<span class=\"_ _0\"></span>ng good<span class=\"_ _0\"></span>will<span class=\"ls0 ws0\"> </span><span class=\"wsef\">and <span class=\"lse2 wsf1\">goodwill </span></span></div>\n<div class=\"t m0 x1a h4f y1ab0 ff2c4 fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">was<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">therefore</span> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">not impaired.</span> </span></div>\n<div class=\"t m0 x1a h4f y1ab1 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1ab2 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Based o<span class=\"_ _0\"></span>n the sens<span class=\"_ _2b\"></span>itivity analy<span class=\"_ _0\"></span>sis wit<span class=\"_ _0\"></span>h regard t<span class=\"_ _2b\"></span>o the assumpti<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x1a h4f y1ab3 ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">goodwill for<span class=\"_ _2\"></span> the UK business would not be impai<span class=\"_ _2\"></span>red if the long<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">ter<span class=\"_ _2\"></span>m </span></span></div>\n<div class=\"t m0 x1a h4f y1ab4 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">growth rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>was<span class=\"_ _0\"></span> negativ<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and the d<span class=\"_ _0\"></span>iscount <span class=\"_ _0\"></span>rate inc<span class=\"_ _2b\"></span>reased by <span class=\"lse2 ws103\">more than </span></span></div>\n<div class=\"t m0 x1a h4f y1ab5 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">6.2 perc<span class=\"_ _2b\"></span>ent.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 413px; height: 693px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 413px; height: 693px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 413px; height: 693px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2c8 fs3a fc10 sc0 lsfc ws115\" style=\"z-index: 15;\">Othe<span class=\"_ _2\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff2c8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Other includes<span class=\"_ _2\"></span> goodwill in <span class=\"wsf1\">Belgium<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">and <span class=\"lsfc ws115\">In<span class=\"_ _2\"></span>dia</span></span>. </span></span></div>\n<div class=\"t m0 x7 h4f yd14 ff2c8 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation of V<span class=\"_ _0\"></span>OBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd15 ff2c8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The main co<span class=\"_ _0\"></span>ntribut<span class=\"_ _2b\"></span>or <span class=\"_ _2\"></span>to V<span class=\"_ _0\"></span>OBA <span class=\"ls102 ws11d\">is<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">Ageas Federa<span class=\"_ _2\"></span>l Life Insurance Company Ltd</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">(AFLIC)</span></span></span>. The expect<span class=\"_ _0\"></span>ed amorti<span class=\"_ _2b\"></span>sation expens<span class=\"_ _0\"></span>es <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">as foll<span class=\"_ _0\"></span>ows. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yd16 ff2c8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2c8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x378 h52 y5ff ff2c8 fs3c fc10 sc0 lse7 ws0\" style=\"left: 668px; bottom: 1002px; z-index: 15;\">Estima<span class=\"_ _0\"></span>ted amo<span class=\"_ _2b\"></span>rtisation o<span class=\"_ _2b\"></span>f VOBA<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff2c8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 986px; z-index: 15;\"> </div>\n<div class=\"t m0 x286 h54 y647 ff2ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 986px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 972px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y603 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 972px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 957px; z-index: 15;\">2024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y608 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 957px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 942px; z-index: 15;\">2025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 942px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 927px; z-index: 15;\">2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f2 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 927px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 912px; z-index: 15;\">2027<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 912px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Later<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f9 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 897px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2cb fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37a h54 y60e ff2cb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 882px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 871px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 871px; height: 235px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 871px; height: 235px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag456": {
   "value": "\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Goodw<span class=\"_ _2b\"></span>ill a<span class=\"_ _2\"></span>nd o<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>her<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">intangible a<span class=\"_ _2\"></span>sse<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x66 h52 y1550 ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2be fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Public car park service con<span class=\"_ _0\"></span>cessions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2be fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 756px; z-index: 15;\">VOBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other <span class=\"wsf3\">intangible assets<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">210<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2c0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a60 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a61 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a62 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2022, Ag<span class=\"_ _0\"></span>eas incre<span class=\"_ _0\"></span>ased its int<span class=\"_ _2b\"></span>erest in the joint ve<span class=\"_ _0\"></span>nture Age<span class=\"_ _2b\"></span>as Federal</div>\n<div class=\"t m0 x7 h4f y1a63 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Life Ins<span class=\"_ _0\"></span>urance C<span class=\"_ _2b\"></span>ompany Ltd (AF<span class=\"_ _2b\"></span>LIC) from 49% t<span class=\"_ _0\"></span>o 74%.<span class=\"ls0 ws0\"> </span>Foll<span class=\"_ _2b\"></span>owing this</div>\n<div class=\"t m0 x7 h4f y1a64 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion, a goodwill of EU<span class=\"_ _0\"></span>R 5 millio<span class=\"_ _0\"></span>n was recogn<span class=\"_ _2b\"></span>ised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a65 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a66 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Licenses<span class=\"_ _0\"></span> to ope<span class=\"_ _0\"></span>rate we<span class=\"_ _2b\"></span>re acquired as a r<span class=\"_ _2b\"></span>esult of the bu<span class=\"_ _0\"></span>siness</div>\n<div class=\"t m0 x7 h4f y1a67 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">combinat<span class=\"_ _2b\"></span>ion of Anima Group.<span class=\"_ _0\"></span> This intan<span class=\"_ _0\"></span>gible is rec<span class=\"_ _2b\"></span>orded in \u2018Other</div>\n<div class=\"t m0 x1a h4f y1a68 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets\u2019 and has an in<span class=\"_ _0\"></span>definit<span class=\"_ _0\"></span>e lifetime.<span class=\"_ _0\"></span> At <span class=\"lse2 ws103\">31 December 2022, </span></div>\n<div class=\"t m0 x1a h4f y1a69 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">this int<span class=\"_ _2b\"></span>angible was tes<span class=\"_ _0\"></span>ted for i<span class=\"_ _2b\"></span>mpairment an<span class=\"_ _0\"></span>d an amou<span class=\"_ _0\"></span>nt of EU<span class=\"_ _0\"></span>R 0.4</div>\n<div class=\"t m0 x1a h4f y1a6a ff2be fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million impa<span class=\"_ _2\"></span>irment was recorded<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1a6b ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1a6c ff2be fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Changes in <span class=\"_ _2\"></span>goodwill, VOBA and P<span class=\"_ _2\"></span>ublic car park<span class=\"_ _2\"></span> service concessions<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">are </span></div>\n<div class=\"t m0 x1a h4f y1a6d ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shown bel<span class=\"_ _2b\"></span>ow.</div>\n<div class=\"t m0 x7 h4f y1a6e ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a6f ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x17 h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x17 h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 524px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5ff ff2be fs3c fc10 sc0 ls109 ws12c\" style=\"left: 461px; bottom: 524px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff2be fs3c fc10 sc0 lse5 wsf5\" style=\"left: 622px; bottom: 524px; z-index: 15;\">VOBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y63a ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 736px; bottom: 539px; z-index: 15;\">Public Car Park<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff2be fs3c fc10 sc0 lse5 ws15d\" style=\"left: 713px; bottom: 524px; z-index: 15;\">Service Co<span class=\"_ _0\"></span>ncessions<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 508px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff2c0 fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 478px; z-index: 15;\">Acqui<span class=\"_ _2\"></span>sition cos<span class=\"_ _2\"></span>t as at 1 Janua<span class=\"_ _2\"></span>ry<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 478px; z-index: 15;\">648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 478px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 478px; z-index: 15;\">528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 478px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 478px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 478px; z-index: 15;\">726<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 463px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 463px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 463px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 448px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 416px; bottom: 448px; z-index: 15;\">6</div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 448px; z-index: 15;\">144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 433px; z-index: 15;\">Additions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 712px; bottom: 433px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 433px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 418px; z-index: 15;\">Reversal of cost due <span class=\"_ _0\"></span>to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 712px; bottom: 418px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 403px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 403px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 403px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 403px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 403px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 403px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 403px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 389px; z-index: 15;\">Acquisition cost as a<span class=\"_ _0\"></span>t 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 389px; z-index: 15;\">629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 389px; z-index: 15;\">648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 389px; z-index: 15;\">658<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 389px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 389px; z-index: 15;\">828<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 389px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 359px; z-index: 15;\">Accumulated amortisation as at<span class=\"_ _0\"></span> 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 359px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5f9 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 359px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 550px; bottom: 359px; z-index: 15;\">(495)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 359px; z-index: 15;\">(485)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 701px; bottom: 359px; z-index: 15;\">(296)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 359px; z-index: 15;\">(265)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 344px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 566px; bottom: 344px; z-index: 15;\">1</div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 329px; z-index: 15;\">Amortisation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 329px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 329px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 329px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 329px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 329px; z-index: 15;\">(27)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 329px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 314px; z-index: 15;\">Reversal of amortisation due <span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>o disposal<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 717px; bottom: 314px; z-index: 15;\">2</div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 299px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 717px; bottom: 299px; z-index: 15;\">6</div>\n<div class=\"t m0 x1f0 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 299px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 285px; z-index: 15;\">Accumulated amortisation as at<span class=\"_ _0\"></span> 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 550px; bottom: 285px; z-index: 15;\">(508)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 285px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 701px; bottom: 285px; z-index: 15;\">(315)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 285px; z-index: 15;\">(296)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff2c0 fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 255px; z-index: 15;\">Accumu<span class=\"_ _2\"></span>lated imp<span class=\"_ _2\"></span>airments a<span class=\"_ _2\"></span>s at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 255px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 255px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 255px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 255px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 255px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 255px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 240px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 240px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 225px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 416px; bottom: 225px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y605 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 225px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 210px; z-index: 15;\">Accumulated impairments as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 210px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 210px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y603 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 210px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y603 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 210px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 210px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 210px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 181px; z-index: 15;\">Total as at 31 Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 181px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 181px; z-index: 15;\">616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 181px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 181px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 181px; z-index: 15;\">502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 181px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 170px; height: 791px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 170px; height: 791px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Impairm<span class=\"_ _2b\"></span>ent testing of <span class=\"_ _0\"></span>goodwil<span class=\"_ _0\"></span>l is perf<span class=\"_ _0\"></span>ormed an<span class=\"_ _2b\"></span>nually at the en<span class=\"_ _2b\"></span>d of the</div>\n<div class=\"t m0 x7 h4f y804 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">year by com<span class=\"_ _0\"></span>paring the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>overabl<span class=\"_ _0\"></span>e amount of<span class=\"_ _0\"></span> cash<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generating un<span class=\"_ _2\"></span>its </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(CGU) wit<span class=\"_ _2b\"></span>h their carry<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ount. Th<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">recoverable amoun<span class=\"_ _2\"></span>t is the higher </span></div>\n<div class=\"t m0 x7 h4f y806 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the va<span class=\"_ _0\"></span>lue in u<span class=\"_ _0\"></span>se and fai<span class=\"_ _0\"></span>r value <span class=\"_ _0\"></span>less cos<span class=\"_ _0\"></span>ts to se<span class=\"_ _2b\"></span>ll. The type of ac<span class=\"_ _2b\"></span>quired</div>\n<div class=\"t m0 x7 h4f y807 ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">entity, the le<span class=\"_ _2\"></span>vel of operational integrati<span class=\"_ _2\"></span>on and common management,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y808 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>nes the definition of<span class=\"_ _0\"></span> the CGU. B<span class=\"_ _0\"></span>ased on thes<span class=\"_ _0\"></span>e criter<span class=\"_ _0\"></span>ia, Ageas</div>\n<div class=\"t m0 x7 h4f y809 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has desi<span class=\"_ _2b\"></span>gnated CGUs on c<span class=\"_ _2b\"></span>ountry level<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1506 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The recov<span class=\"_ _0\"></span>erable am<span class=\"_ _0\"></span>ount of a CGU is as<span class=\"_ _0\"></span>sesse<span class=\"_ _0\"></span>d by means of a</div>\n<div class=\"t m0 x1a h4f y1507 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">flow mode<span class=\"_ _0\"></span>l of the <span class=\"_ _0\"></span>anticip<span class=\"_ _0\"></span>ated fut<span class=\"_ _0\"></span>ure cash f<span class=\"_ _0\"></span>lows of<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x1a h4f yc3d ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">CGU. Th<span class=\"_ _0\"></span>e key ass<span class=\"_ _2b\"></span>umptions used i<span class=\"_ _2b\"></span>n the cash flow <span class=\"_ _0\"></span>model d<span class=\"_ _0\"></span>epend on</div>\n<div class=\"t m0 x1a h4f yc3e ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">input reflect<span class=\"_ _2\"></span>ing various financial and econ<span class=\"_ _2\"></span>omic variables, includin<span class=\"_ _2\"></span>g the</div>\n<div class=\"t m0 x1a h4f yc3f ff2c4 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">free rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in a give<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>untry and a pr<span class=\"_ _0\"></span>emium to r<span class=\"_ _0\"></span>eflect the<span class=\"_ _0\"></span> inherent </span></span></div>\n<div class=\"t m0 x1a h4f yc40 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risk of the ent<span class=\"_ _2b\"></span>ity being evaluat<span class=\"_ _0\"></span>ed. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc41 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc42 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">These var<span class=\"_ _0\"></span>iables ar<span class=\"_ _0\"></span>e determin<span class=\"_ _2b\"></span>ed on the basis of manag<span class=\"_ _0\"></span>ement\u2019s<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc43 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgem<span class=\"_ _0\"></span>ent. If th<span class=\"_ _2b\"></span>e entity is lis<span class=\"_ _0\"></span>ted on a <span class=\"wsf0\">s<span class=\"_ _2b\"></span>tock market, the mar<span class=\"_ _2b\"></span>ket price will </span></div>\n<div class=\"t m0 x1a h4f yc44 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">also be c<span class=\"_ _2b\"></span>onsidered an e<span class=\"_ _0\"></span>lement<span class=\"_ _0\"></span> in the ev<span class=\"_ _0\"></span>aluatio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc45 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc46 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc47 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The bre<span class=\"_ _0\"></span>akdown of<span class=\"_ _0\"></span> goodwil<span class=\"_ _2b\"></span>l and impairme<span class=\"_ _2b\"></span>nts for the mai<span class=\"_ _0\"></span>n cash<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">gene<span class=\"_ _2b\"></span>rating units as at 31<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">December</span> <span class=\"lse2 wsf1\">2022</span> <span class=\"lse0 wsf0\">is as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yc48 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 861px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y603 ff2c4 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 335px; bottom: 876px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 861px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 428px; bottom: 861px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 568px; bottom: 876px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 861px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 861px; z-index: 15;\">Segment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 876px; z-index: 15;\">Method<span class=\"ls0 ws0\"> </span><span class=\"wsf6\">used for<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x198 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 716px; bottom: 861px; z-index: 15;\">recoverable amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 846px; z-index: 15;\">Cash<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">generating unit (CGU)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 370px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 583px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 831px; z-index: 15;\">Ageas Portugal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 831px; z-index: 15;\">337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y605 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 831px; z-index: 15;\">337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 831px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 831px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Ageas (UK)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 816px; z-index: 15;\">265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 467px; bottom: 816px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 816px; z-index: 15;\">237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 816px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 816px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 360px; bottom: 801px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y5f2 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 801px; z-index: 15;\">3</div>\n<div class=\"t m0 x45 h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 801px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f2 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 689px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 801px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2c6 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 786px; z-index: 15;\">629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 467px; bottom: 786px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 786px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f4 ff2c6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y5f4 ff2c6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a8b ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a8c ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas Portuga<span class=\"_ _2\"></span>l<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a8d ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The repor<span class=\"_ _2\"></span>ted goodwill for Agea<span class=\"_ _2\"></span>s Portugal amoun<span class=\"_ _2\"></span>ts to EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">337<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion </span></span></span></div>\n<div class=\"t m0 x7 h4f y1a8e ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">(<span class=\"lse2 wsf1\">2021<span class=\"ws103\">: EUR</span></span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">337</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span> </div>\n<div class=\"t m0 x7 h4f y1a8f ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a90 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>e in use calculat<span class=\"_ _2b\"></span>ion uses expec<span class=\"_ _0\"></span>ted divi<span class=\"_ _2b\"></span>dends, based o<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y1a91 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business p<span class=\"_ _2\"></span>lans approved by lo<span class=\"_ _2\"></span>cal and Ageas\u2019<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">manag<span class=\"_ _2b\"></span>ement over a </span></span></div>\n<div class=\"t m0 x7 h4f y1a92 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period of <span class=\"_ _2\"></span><span class=\"wsf1\">three<span class=\"ls0 ws0\"> </span>years. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1a93 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a94 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>for af<span class=\"_ _0\"></span>ter thi<span class=\"_ _0\"></span>s period hav<span class=\"_ _0\"></span>e been ext<span class=\"_ _0\"></span>rapolat<span class=\"_ _0\"></span>ed using a g<span class=\"_ _0\"></span>rowth</div>\n<div class=\"t m0 x7 h4f y1a95 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate of 2.0 pe<span class=\"_ _2b\"></span>rcent, which repre<span class=\"_ _0\"></span>sents <span class=\"lsfc ws115\">the<span class=\"ls0 ws0\"> </span></span>expected inf<span class=\"_ _0\"></span>lation i<span class=\"_ _0\"></span>n Portuga<span class=\"_ _0\"></span>l.</div>\n<div class=\"t m0 x7 h4f y1a96 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate of 8.<span class=\"_ _0\"></span>6 percent (<span class=\"_ _2b\"></span>2021: 8.9 percent<span class=\"_ _0\"></span>) <span class=\"wsfa\">used is<span class=\"_ _0\"></span> based o<span class=\"wsef\">n </span></span></div>\n<div class=\"t m0 x7 h4f y1a97 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the avera<span class=\"_ _2\"></span>ge <span class=\"lsfb wsfa\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">free i<span class=\"_ _2b\"></span>nterest rate,<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">equity</span> <span class=\"lse2 wsfa\">risk pr<span class=\"_ _2\"></span>emium and </span>a<span class=\"_ _2\"></span> </span><span class=\"wsef\">beta </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1a98 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">coeffic<span class=\"_ _0\"></span>ient. T<span class=\"_ _0\"></span>he impa<span class=\"_ _0\"></span>irment t<span class=\"_ _0\"></span>est sho<span class=\"_ _0\"></span>wed that<span class=\"_ _0\"></span> the rec<span class=\"_ _2b\"></span>overable amou<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y1a99 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exceede<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>the ca<span class=\"_ _0\"></span>rrying v<span class=\"_ _0\"></span>alue of the C<span class=\"_ _0\"></span>GU includi<span class=\"_ _0\"></span>ng good<span class=\"_ _0\"></span>will.</div>\n<div class=\"t m0 x7 h4f y1a9a ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Consequently, good<span class=\"_ _2\"></span>will for Ageas Portugal wa<span class=\"_ _2\"></span>s not impaired.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a9b ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a9c ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Based o<span class=\"_ _0\"></span>n the sens<span class=\"_ _2b\"></span>itivity analy<span class=\"_ _0\"></span>sis wit<span class=\"_ _0\"></span>h regard t<span class=\"_ _2b\"></span>o the assumpti<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x7 h4f y1a9d ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">goodwill <span class=\"_ _2\"></span>for Ageas Portugal woul<span class=\"_ _2\"></span>d not be impaired<span class=\"_ _2\"></span> if the growth<span class=\"_ _2\"></span> rate was</div>\n<div class=\"t m0 x7 h4f y1a9e ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">largely ne<span class=\"_ _2\"></span>gative or the di<span class=\"_ _2\"></span>scount rate increased<span class=\"_ _2\"></span> by more <span class=\"lse0 wsef\">than </span><span class=\"wsf1\">10<span class=\"ls0 ws0\">.6<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1a9f ff2c4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">percent<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1aa0 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aa1 ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas UK<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aa2 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Goodwill <span class=\"_ _2\"></span>for Ageas UK amount<span class=\"_ _2\"></span>s <span class=\"lsfc ws115\">to </span><span class=\"wsf1\">GBP <span class=\"_ _2\"></span>235<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">million (</span></span></span><span class=\"lse0\">2021: GBP </span></div>\n<div class=\"t m0 x1a h4f y1aa3 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">235<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">million). Th<span class=\"_ _0\"></span>e net goodw<span class=\"_ _0\"></span>ill after im<span class=\"_ _2b\"></span>pairment amounts<span class=\"_ _0\"></span> to <span class=\"ls107 ws122\">GBP </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aa4 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">210<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">mil<span class=\"_ _2\"></span>lion (</span></span>2021<span class=\"lsf4 ws10c\">: </span>GBP <span class=\"_ _2\"></span>210<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>. </span> </span></div>\n<div class=\"t m0 x1a h4f y1aa5 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aa6 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>e in use calculat<span class=\"_ _2b\"></span>ion uses expec<span class=\"_ _0\"></span>ted divi<span class=\"_ _2b\"></span>dends based o<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f y1aa7 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business p<span class=\"_ _2\"></span>lans approved by lo<span class=\"_ _2\"></span>cal and Ageas\u2019s <span class=\"_ _2\"></span>management over a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aa8 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period of <span class=\"_ _2\"></span><span class=\"wsf1\">three<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">years. Est<span class=\"_ _2b\"></span>imates for after th<span class=\"_ _0\"></span>is period h<span class=\"_ _0\"></span>ave been </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aa9 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">extrap<span class=\"_ _0\"></span>olated usi<span class=\"_ _2b\"></span>ng a growth rate of 2.0<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">percent, which repre<span class=\"_ _2\"></span>sents <span class=\"lsfc ws115\">the</span></span> </span></div>\n<div class=\"t m0 x1a h4f y1aaa ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d inflati<span class=\"_ _0\"></span>on. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aab ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aac ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate <span class=\"lsf4 ws10c\">of </span>5.9 per<span class=\"_ _0\"></span>cent (20<span class=\"_ _0\"></span>21: 5.9 perc<span class=\"_ _0\"></span>ent) <span class=\"wsfa\">use<span class=\"_ _2b\"></span>d is based on </span></div>\n<div class=\"t m0 x1a h4f y1aad ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the avera<span class=\"_ _2\"></span>ge <span class=\"lsfb wsfa\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse2\">free intere<span class=\"lsf4 ws114\">st rate, </span></span></span>equ<span class=\"_ _2\"></span>ity <span class=\"wsfa\">risk premium<span class=\"_ _2\"></span> and <span class=\"ls0 ws0\">a <span class=\"lse0 wsef\">beta </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aae ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coefficient<span class=\"lsf4 ws10c\">. <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">The im<span class=\"_ _2b\"></span>pairment test <span class=\"wsef\">sho<span class=\"_ _0\"></span>wed <span class=\"lse2 ws103\">that the recoverable amo<span class=\"_ _2\"></span>unt </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1aaf ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exceede<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>the ca<span class=\"_ _0\"></span>rrying v<span class=\"_ _0\"></span>alue of the C<span class=\"_ _0\"></span>GU includi<span class=\"_ _0\"></span>ng good<span class=\"_ _0\"></span>will<span class=\"ls0 ws0\"> </span><span class=\"wsef\">and <span class=\"lse2 wsf1\">goodwill </span></span></div>\n<div class=\"t m0 x1a h4f y1ab0 ff2c4 fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">was<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">therefore</span> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">not impaired.</span> </span></div>\n<div class=\"t m0 x1a h4f y1ab1 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1ab2 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Based o<span class=\"_ _0\"></span>n the sens<span class=\"_ _2b\"></span>itivity analy<span class=\"_ _0\"></span>sis wit<span class=\"_ _0\"></span>h regard t<span class=\"_ _2b\"></span>o the assumpti<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x1a h4f y1ab3 ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">goodwill for<span class=\"_ _2\"></span> the UK business would not be impai<span class=\"_ _2\"></span>red if the long<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">ter<span class=\"_ _2\"></span>m </span></span></div>\n<div class=\"t m0 x1a h4f y1ab4 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">growth rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>was<span class=\"_ _0\"></span> negativ<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and the d<span class=\"_ _0\"></span>iscount <span class=\"_ _0\"></span>rate inc<span class=\"_ _2b\"></span>reased by <span class=\"lse2 ws103\">more than </span></span></div>\n<div class=\"t m0 x1a h4f y1ab5 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">6.2 perc<span class=\"_ _2b\"></span>ent.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 413px; height: 693px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 413px; height: 693px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2c8 fs3a fc10 sc0 lsfc ws115\" style=\"z-index: 15;\">Othe<span class=\"_ _2\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff2c8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Other includes<span class=\"_ _2\"></span> goodwill in <span class=\"wsf1\">Belgium<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">and <span class=\"lsfc ws115\">In<span class=\"_ _2\"></span>dia</span></span>. </span></span></div>\n<div class=\"t m0 x7 h4f yd14 ff2c8 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation of V<span class=\"_ _0\"></span>OBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd15 ff2c8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The main co<span class=\"_ _0\"></span>ntribut<span class=\"_ _2b\"></span>or <span class=\"_ _2\"></span>to V<span class=\"_ _0\"></span>OBA <span class=\"ls102 ws11d\">is<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">Ageas Federa<span class=\"_ _2\"></span>l Life Insurance Company Ltd</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">(AFLIC)</span></span></span>. The expect<span class=\"_ _0\"></span>ed amorti<span class=\"_ _2b\"></span>sation expens<span class=\"_ _0\"></span>es <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">as foll<span class=\"_ _0\"></span>ows. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yd16 ff2c8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2c8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x378 h52 y5ff ff2c8 fs3c fc10 sc0 lse7 ws0\" style=\"left: 668px; bottom: 1002px; z-index: 15;\">Estima<span class=\"_ _0\"></span>ted amo<span class=\"_ _2b\"></span>rtisation o<span class=\"_ _2b\"></span>f VOBA<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff2c8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 986px; z-index: 15;\"> </div>\n<div class=\"t m0 x286 h54 y647 ff2ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 986px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 972px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y603 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 972px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 957px; z-index: 15;\">2024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y608 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 957px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 942px; z-index: 15;\">2025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 942px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 927px; z-index: 15;\">2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f2 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 927px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 912px; z-index: 15;\">2027<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 912px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Later<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f9 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 897px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2cb fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37a h54 y60e ff2cb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 882px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 871px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 5%; bottom: 871px; height: 235px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag466": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Goodw<span class=\"_ _2b\"></span>ill a<span class=\"_ _2\"></span>nd o<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>her<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">intangible a<span class=\"_ _2\"></span>sse<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x66 h52 y1550 ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2be fs3c fc14 sc0 ls109 ws12c\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Public car park service con<span class=\"_ _0\"></span>cessions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2be fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 756px; z-index: 15;\">VOBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other <span class=\"wsf3\">intangible assets<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">210<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2c0 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a60 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a61 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a62 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2022, Ag<span class=\"_ _0\"></span>eas incre<span class=\"_ _0\"></span>ased its int<span class=\"_ _2b\"></span>erest in the joint ve<span class=\"_ _0\"></span>nture Age<span class=\"_ _2b\"></span>as Federal</div>\n<div class=\"t m0 x7 h4f y1a63 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Life Ins<span class=\"_ _0\"></span>urance C<span class=\"_ _2b\"></span>ompany Ltd (AF<span class=\"_ _2b\"></span>LIC) from 49% t<span class=\"_ _0\"></span>o 74%.<span class=\"ls0 ws0\"> </span>Foll<span class=\"_ _2b\"></span>owing this</div>\n<div class=\"t m0 x7 h4f y1a64 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion, a goodwill of EU<span class=\"_ _0\"></span>R 5 millio<span class=\"_ _0\"></span>n was recogn<span class=\"_ _2b\"></span>ised.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a65 ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a66 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Licenses<span class=\"_ _0\"></span> to ope<span class=\"_ _0\"></span>rate we<span class=\"_ _2b\"></span>re acquired as a r<span class=\"_ _2b\"></span>esult of the bu<span class=\"_ _0\"></span>siness</div>\n<div class=\"t m0 x7 h4f y1a67 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">combinat<span class=\"_ _2b\"></span>ion of Anima Group.<span class=\"_ _0\"></span> This intan<span class=\"_ _0\"></span>gible is rec<span class=\"_ _2b\"></span>orded in \u2018Other</div>\n<div class=\"t m0 x1a h4f y1a68 ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">intangi<span class=\"_ _2b\"></span>ble assets\u2019 and has an in<span class=\"_ _0\"></span>definit<span class=\"_ _0\"></span>e lifetime.<span class=\"_ _0\"></span> At <span class=\"lse2 ws103\">31 December 2022, </span></div>\n<div class=\"t m0 x1a h4f y1a69 ff2be fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">this int<span class=\"_ _2b\"></span>angible was tes<span class=\"_ _0\"></span>ted for i<span class=\"_ _2b\"></span>mpairment an<span class=\"_ _0\"></span>d an amou<span class=\"_ _0\"></span>nt of EU<span class=\"_ _0\"></span>R 0.4</div>\n<div class=\"t m0 x1a h4f y1a6a ff2be fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million impa<span class=\"_ _2\"></span>irment was recorded<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1a6b ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1a6c ff2be fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Changes in <span class=\"_ _2\"></span>goodwill, VOBA and P<span class=\"_ _2\"></span>ublic car park<span class=\"_ _2\"></span> service concessions<span class=\"_ _2\"></span> <span class=\"lse0 wsef\">are </span></div>\n<div class=\"t m0 x1a h4f y1a6d ff2be fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shown bel<span class=\"_ _2b\"></span>ow.</div>\n<div class=\"t m0 x7 h4f y1a6e ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a6f ff2be fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x17 h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x17 h52 y63a ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 539px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 524px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y5ff ff2be fs3c fc10 sc0 ls109 ws12c\" style=\"left: 461px; bottom: 524px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff2be fs3c fc10 sc0 lse5 wsf5\" style=\"left: 622px; bottom: 524px; z-index: 15;\">VOBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y63a ff2be fs3c fc10 sc0 lse4 wsf3\" style=\"left: 736px; bottom: 539px; z-index: 15;\">Public Car Park<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15e h52 y5ff ff2be fs3c fc10 sc0 lse5 ws15d\" style=\"left: 713px; bottom: 524px; z-index: 15;\">Service Co<span class=\"_ _0\"></span>ncessions<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 508px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 626px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 508px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y601 ff2be fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 508px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5ff ff2c1 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 493px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff2c0 fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 478px; z-index: 15;\">Acqui<span class=\"_ _2\"></span>sition cos<span class=\"_ _2\"></span>t as at 1 Janua<span class=\"_ _2\"></span>ry<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 478px; z-index: 15;\">648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 478px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 478px; z-index: 15;\">528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 478px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 478px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y605 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 478px; z-index: 15;\">726<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 463px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 463px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 561px; bottom: 463px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 463px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 448px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 416px; bottom: 448px; z-index: 15;\">6</div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 448px; z-index: 15;\">144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y608 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 448px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 433px; z-index: 15;\">Additions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 433px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 712px; bottom: 433px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 433px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 418px; z-index: 15;\">Reversal of cost due <span class=\"_ _0\"></span>to disposals<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f2 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 712px; bottom: 418px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f2 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 418px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 403px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 403px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 403px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 403px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 403px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 403px; z-index: 15;\">(38)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 403px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 389px; z-index: 15;\">Acquisition cost as a<span class=\"_ _0\"></span>t 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 389px; z-index: 15;\">629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 389px; z-index: 15;\">648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 389px; z-index: 15;\">658<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 389px; z-index: 15;\">529<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 389px; z-index: 15;\">828<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 389px; z-index: 15;\">844<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 374px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 359px; z-index: 15;\">Accumulated amortisation as at<span class=\"_ _0\"></span> 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 359px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y5f9 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 359px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 550px; bottom: 359px; z-index: 15;\">(495)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 359px; z-index: 15;\">(485)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 701px; bottom: 359px; z-index: 15;\">(296)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f9 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 359px; z-index: 15;\">(265)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 344px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 566px; bottom: 344px; z-index: 15;\">1</div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 344px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 329px; z-index: 15;\">Amortisation expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 329px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 329px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 329px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 631px; bottom: 329px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 329px; z-index: 15;\">(27)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 329px; z-index: 15;\">(26)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 314px; z-index: 15;\">Reversal of amortisation due <span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>o disposal<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 717px; bottom: 314px; z-index: 15;\">2</div>\n<div class=\"t m0 x2f h52 y5f7 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 314px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 299px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 496px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 299px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5fc ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 717px; bottom: 299px; z-index: 15;\">6</div>\n<div class=\"t m0 x1f0 h52 y5fc ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 299px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 285px; z-index: 15;\">Accumulated amortisation as at<span class=\"_ _0\"></span> 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 285px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 550px; bottom: 285px; z-index: 15;\">(508)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 285px; z-index: 15;\">(496)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 701px; bottom: 285px; z-index: 15;\">(315)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 285px; z-index: 15;\">(296)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5ff ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 270px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff2c0 fs3c fc10 sc0 lsef ws102\" style=\"left: 69px; bottom: 255px; z-index: 15;\">Accumu<span class=\"_ _2\"></span>lated imp<span class=\"_ _2\"></span>airments a<span class=\"_ _2\"></span>s at 1 January<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 255px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 255px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 255px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y601 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 255px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 255px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y601 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 255px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2be fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 240px; z-index: 15;\">Increase in impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 421px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 240px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y603 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 240px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2be fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 225px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 416px; bottom: 225px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y605 ff2be fs3c fc14 sc0 lse4 wsf4\" style=\"left: 486px; bottom: 225px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 571px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 646px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 722px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y605 ff2be fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 225px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 210px; z-index: 15;\">Accumulated impairments as<span class=\"_ _0\"></span> at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 404px; bottom: 210px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 210px; z-index: 15;\">(32)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y603 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 210px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h54 y603 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 210px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 210px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y603 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 210px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff2c0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 421px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 496px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 571px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 646px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 722px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2be fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 196px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 181px; z-index: 15;\">Total as at 31 Decem<span class=\"_ _0\"></span>ber<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 181px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 181px; z-index: 15;\">616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 556px; bottom: 181px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 181px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 707px; bottom: 181px; z-index: 15;\">502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f4 ff2c0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 181px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 170px; height: 791px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Impairment o<span class=\"_ _2\"></span>f goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Impairm<span class=\"_ _2b\"></span>ent testing of <span class=\"_ _0\"></span>goodwil<span class=\"_ _0\"></span>l is perf<span class=\"_ _0\"></span>ormed an<span class=\"_ _2b\"></span>nually at the en<span class=\"_ _2b\"></span>d of the</div>\n<div class=\"t m0 x7 h4f y804 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">year by com<span class=\"_ _0\"></span>paring the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>rec<span class=\"_ _0\"></span>overabl<span class=\"_ _0\"></span>e amount of<span class=\"_ _0\"></span> cash<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">generating un<span class=\"_ _2\"></span>its </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(CGU) wit<span class=\"_ _2b\"></span>h their carry<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ount. Th<span class=\"_ _0\"></span>e <span class=\"lse2 ws103\">recoverable amoun<span class=\"_ _2\"></span>t is the higher </span></div>\n<div class=\"t m0 x7 h4f y806 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the va<span class=\"_ _0\"></span>lue in u<span class=\"_ _0\"></span>se and fai<span class=\"_ _0\"></span>r value <span class=\"_ _0\"></span>less cos<span class=\"_ _0\"></span>ts to se<span class=\"_ _2b\"></span>ll. The type of ac<span class=\"_ _2b\"></span>quired</div>\n<div class=\"t m0 x7 h4f y807 ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">entity, the le<span class=\"_ _2\"></span>vel of operational integrati<span class=\"_ _2\"></span>on and common management,<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y808 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">determi<span class=\"_ _2b\"></span>nes the definition of<span class=\"_ _0\"></span> the CGU. B<span class=\"_ _0\"></span>ased on thes<span class=\"_ _0\"></span>e criter<span class=\"_ _0\"></span>ia, Ageas</div>\n<div class=\"t m0 x7 h4f y809 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">has desi<span class=\"_ _2b\"></span>gnated CGUs on c<span class=\"_ _2b\"></span>ountry level<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80a ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1506 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The recov<span class=\"_ _0\"></span>erable am<span class=\"_ _0\"></span>ount of a CGU is as<span class=\"_ _0\"></span>sesse<span class=\"_ _0\"></span>d by means of a</div>\n<div class=\"t m0 x1a h4f y1507 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">discount<span class=\"_ _2b\"></span>ed cash<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">flow mode<span class=\"_ _0\"></span>l of the <span class=\"_ _0\"></span>anticip<span class=\"_ _0\"></span>ated fut<span class=\"_ _0\"></span>ure cash f<span class=\"_ _0\"></span>lows of<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x1a h4f yc3d ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">CGU. Th<span class=\"_ _0\"></span>e key ass<span class=\"_ _2b\"></span>umptions used i<span class=\"_ _2b\"></span>n the cash flow <span class=\"_ _0\"></span>model d<span class=\"_ _0\"></span>epend on</div>\n<div class=\"t m0 x1a h4f yc3e ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">input reflect<span class=\"_ _2\"></span>ing various financial and econ<span class=\"_ _2\"></span>omic variables, includin<span class=\"_ _2\"></span>g the</div>\n<div class=\"t m0 x1a h4f yc3f ff2c4 fs3a fc14 sc0 lsfb wsfa\" style=\"z-index: 15;\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">free rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>in a give<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>untry and a pr<span class=\"_ _0\"></span>emium to r<span class=\"_ _0\"></span>eflect the<span class=\"_ _0\"></span> inherent </span></span></div>\n<div class=\"t m0 x1a h4f yc40 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">risk of the ent<span class=\"_ _2b\"></span>ity being evaluat<span class=\"_ _0\"></span>ed. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yc41 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f yc42 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">These var<span class=\"_ _0\"></span>iables ar<span class=\"_ _0\"></span>e determin<span class=\"_ _2b\"></span>ed on the basis of manag<span class=\"_ _0\"></span>ement\u2019s<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f yc43 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgem<span class=\"_ _0\"></span>ent. If th<span class=\"_ _2b\"></span>e entity is lis<span class=\"_ _0\"></span>ted on a <span class=\"wsf0\">s<span class=\"_ _2b\"></span>tock market, the mar<span class=\"_ _2b\"></span>ket price will </span></div>\n<div class=\"t m0 x1a h4f yc44 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">also be c<span class=\"_ _2b\"></span>onsidered an e<span class=\"_ _0\"></span>lement<span class=\"_ _0\"></span> in the ev<span class=\"_ _0\"></span>aluatio<span class=\"_ _2b\"></span>n.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yc45 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc46 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f yc47 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The bre<span class=\"_ _0\"></span>akdown of<span class=\"_ _0\"></span> goodwil<span class=\"_ _2b\"></span>l and impairme<span class=\"_ _2b\"></span>nts for the mai<span class=\"_ _0\"></span>n cash<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">gene<span class=\"_ _2b\"></span>rating units as at 31<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">December</span> <span class=\"lse2 wsf1\">2022</span> <span class=\"lse0 wsf0\">is as foll<span class=\"_ _0\"></span>ows.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f yc48 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 861px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y603 ff2c4 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 335px; bottom: 876px; z-index: 15;\">Goodwill<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 861px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 428px; bottom: 861px; z-index: 15;\">Impairments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 568px; bottom: 876px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x74 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 552px; bottom: 861px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 861px; z-index: 15;\">Segment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 731px; bottom: 876px; z-index: 15;\">Method<span class=\"ls0 ws0\"> </span><span class=\"wsf6\">used for<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x198 h52 y605 ff2c4 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 716px; bottom: 861px; z-index: 15;\">recoverable amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2c4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 846px; z-index: 15;\">Cash<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">generating unit (CGU)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 370px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 583px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h52 y603 ff2c4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 831px; z-index: 15;\">Ageas Portugal<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 831px; z-index: 15;\">337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y605 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 831px; z-index: 15;\">337<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 831px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y605 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 831px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Ageas (UK)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 816px; z-index: 15;\">265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 467px; bottom: 816px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 816px; z-index: 15;\">237<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 816px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y632 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 816px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 360px; bottom: 801px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1d h52 y5f2 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 801px; z-index: 15;\">3</div>\n<div class=\"t m0 x45 h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 573px; bottom: 801px; z-index: 15;\">24<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h52 y5f2 ff2c4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 689px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x11e h52 y5f2 ff2c4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 746px; bottom: 801px; z-index: 15;\">Value in use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2c6 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 354px; bottom: 786px; z-index: 15;\">629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 467px; bottom: 786px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h54 y5f4 ff2c6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 567px; bottom: 786px; z-index: 15;\">598<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f4 ff2c6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 689px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x13c h54 y5f4 ff2c6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a8b ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a8c ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas Portuga<span class=\"_ _2\"></span>l<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a8d ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The repor<span class=\"_ _2\"></span>ted goodwill for Agea<span class=\"_ _2\"></span>s Portugal amoun<span class=\"_ _2\"></span>ts to EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">337<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion </span></span></span></div>\n<div class=\"t m0 x7 h4f y1a8e ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">(<span class=\"lse2 wsf1\">2021<span class=\"ws103\">: EUR</span></span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">337</span> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>.</span> </div>\n<div class=\"t m0 x7 h4f y1a8f ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a90 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>e in use calculat<span class=\"_ _2b\"></span>ion uses expec<span class=\"_ _0\"></span>ted divi<span class=\"_ _2b\"></span>dends, based o<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y1a91 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business p<span class=\"_ _2\"></span>lans approved by lo<span class=\"_ _2\"></span>cal and Ageas\u2019<span class=\"ls0 ws0\">s<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">manag<span class=\"_ _2b\"></span>ement over a </span></span></div>\n<div class=\"t m0 x7 h4f y1a92 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period of <span class=\"_ _2\"></span><span class=\"wsf1\">three<span class=\"ls0 ws0\"> </span>years. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1a93 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a94 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Estimat<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>for af<span class=\"_ _0\"></span>ter thi<span class=\"_ _0\"></span>s period hav<span class=\"_ _0\"></span>e been ext<span class=\"_ _0\"></span>rapolat<span class=\"_ _0\"></span>ed using a g<span class=\"_ _0\"></span>rowth</div>\n<div class=\"t m0 x7 h4f y1a95 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rate of 2.0 pe<span class=\"_ _2b\"></span>rcent, which repre<span class=\"_ _0\"></span>sents <span class=\"lsfc ws115\">the<span class=\"ls0 ws0\"> </span></span>expected inf<span class=\"_ _0\"></span>lation i<span class=\"_ _0\"></span>n Portuga<span class=\"_ _0\"></span>l.</div>\n<div class=\"t m0 x7 h4f y1a96 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate of 8.<span class=\"_ _0\"></span>6 percent (<span class=\"_ _2b\"></span>2021: 8.9 percent<span class=\"_ _0\"></span>) <span class=\"wsfa\">used is<span class=\"_ _0\"></span> based o<span class=\"wsef\">n </span></span></div>\n<div class=\"t m0 x7 h4f y1a97 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the avera<span class=\"_ _2\"></span>ge <span class=\"lsfb wsfa\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">free i<span class=\"_ _2b\"></span>nterest rate,<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">equity</span> <span class=\"lse2 wsfa\">risk pr<span class=\"_ _2\"></span>emium and </span>a<span class=\"_ _2\"></span> </span><span class=\"wsef\">beta </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1a98 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">coeffic<span class=\"_ _0\"></span>ient. T<span class=\"_ _0\"></span>he impa<span class=\"_ _0\"></span>irment t<span class=\"_ _0\"></span>est sho<span class=\"_ _0\"></span>wed that<span class=\"_ _0\"></span> the rec<span class=\"_ _2b\"></span>overable amou<span class=\"_ _0\"></span>nt</div>\n<div class=\"t m0 x7 h4f y1a99 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exceede<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>the ca<span class=\"_ _0\"></span>rrying v<span class=\"_ _0\"></span>alue of the C<span class=\"_ _0\"></span>GU includi<span class=\"_ _0\"></span>ng good<span class=\"_ _0\"></span>will.</div>\n<div class=\"t m0 x7 h4f y1a9a ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Consequently, good<span class=\"_ _2\"></span>will for Ageas Portugal wa<span class=\"_ _2\"></span>s not impaired.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a9b ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a9c ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Based o<span class=\"_ _0\"></span>n the sens<span class=\"_ _2b\"></span>itivity analy<span class=\"_ _0\"></span>sis wit<span class=\"_ _0\"></span>h regard t<span class=\"_ _2b\"></span>o the assumpti<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x7 h4f y1a9d ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">goodwill <span class=\"_ _2\"></span>for Ageas Portugal woul<span class=\"_ _2\"></span>d not be impaired<span class=\"_ _2\"></span> if the growth<span class=\"_ _2\"></span> rate was</div>\n<div class=\"t m0 x7 h4f y1a9e ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">largely ne<span class=\"_ _2\"></span>gative or the di<span class=\"_ _2\"></span>scount rate increased<span class=\"_ _2\"></span> by more <span class=\"lse0 wsef\">than </span><span class=\"wsf1\">10<span class=\"ls0 ws0\">.6<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1a9f ff2c4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">percent<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1aa0 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aa1 ff2c4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas UK<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aa2 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Goodwill <span class=\"_ _2\"></span>for Ageas UK amount<span class=\"_ _2\"></span>s <span class=\"lsfc ws115\">to </span><span class=\"wsf1\">GBP <span class=\"_ _2\"></span>235<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">million (</span></span></span><span class=\"lse0\">2021: GBP </span></div>\n<div class=\"t m0 x1a h4f y1aa3 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">235<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">million). Th<span class=\"_ _0\"></span>e net goodw<span class=\"_ _0\"></span>ill after im<span class=\"_ _2b\"></span>pairment amounts<span class=\"_ _0\"></span> to <span class=\"ls107 ws122\">GBP </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aa4 ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">210<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">mil<span class=\"_ _2\"></span>lion (</span></span>2021<span class=\"lsf4 ws10c\">: </span>GBP <span class=\"_ _2\"></span>210<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million)<span class=\"_ _2\"></span>. </span> </span></div>\n<div class=\"t m0 x1a h4f y1aa5 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aa6 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The valu<span class=\"_ _2b\"></span>e in use calculat<span class=\"_ _2b\"></span>ion uses expec<span class=\"_ _0\"></span>ted divi<span class=\"_ _2b\"></span>dends based o<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x1a h4f y1aa7 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">business p<span class=\"_ _2\"></span>lans approved by lo<span class=\"_ _2\"></span>cal and Ageas\u2019s <span class=\"_ _2\"></span>management over a<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aa8 ff2c4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period of <span class=\"_ _2\"></span><span class=\"wsf1\">three<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">years. Est<span class=\"_ _2b\"></span>imates for after th<span class=\"_ _0\"></span>is period h<span class=\"_ _0\"></span>ave been </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aa9 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">extrap<span class=\"_ _0\"></span>olated usi<span class=\"_ _2b\"></span>ng a growth rate of 2.0<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">percent, which repre<span class=\"_ _2\"></span>sents <span class=\"lsfc ws115\">the</span></span> </span></div>\n<div class=\"t m0 x1a h4f y1aaa ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d inflati<span class=\"_ _0\"></span>on. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1aab ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1aac ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The disco<span class=\"_ _0\"></span>unt rate <span class=\"lsf4 ws10c\">of </span>5.9 per<span class=\"_ _0\"></span>cent (20<span class=\"_ _0\"></span>21: 5.9 perc<span class=\"_ _0\"></span>ent) <span class=\"wsfa\">use<span class=\"_ _2b\"></span>d is based on </span></div>\n<div class=\"t m0 x1a h4f y1aad ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">the avera<span class=\"_ _2\"></span>ge <span class=\"lsfb wsfa\">risk<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"lse2\">free intere<span class=\"lsf4 ws114\">st rate, </span></span></span>equ<span class=\"_ _2\"></span>ity <span class=\"wsfa\">risk premium<span class=\"_ _2\"></span> and <span class=\"ls0 ws0\">a <span class=\"lse0 wsef\">beta </span></span></span></div>\n<div class=\"t m0 x1a h4f y1aae ff2c4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">coefficient<span class=\"lsf4 ws10c\">. <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">The im<span class=\"_ _2b\"></span>pairment test <span class=\"wsef\">sho<span class=\"_ _0\"></span>wed <span class=\"lse2 ws103\">that the recoverable amo<span class=\"_ _2\"></span>unt </span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1aaf ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exceede<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>the ca<span class=\"_ _0\"></span>rrying v<span class=\"_ _0\"></span>alue of the C<span class=\"_ _0\"></span>GU includi<span class=\"_ _0\"></span>ng good<span class=\"_ _0\"></span>will<span class=\"ls0 ws0\"> </span><span class=\"wsef\">and <span class=\"lse2 wsf1\">goodwill </span></span></div>\n<div class=\"t m0 x1a h4f y1ab0 ff2c4 fs3a fc14 sc0 ls104 ws126\" style=\"z-index: 15;\">was<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">therefore</span> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">not impaired.</span> </span></div>\n<div class=\"t m0 x1a h4f y1ab1 ff2c4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1ab2 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Based o<span class=\"_ _0\"></span>n the sens<span class=\"_ _2b\"></span>itivity analy<span class=\"_ _0\"></span>sis wit<span class=\"_ _0\"></span>h regard t<span class=\"_ _2b\"></span>o the assumpti<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x1a h4f y1ab3 ff2c4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">goodwill for<span class=\"_ _2\"></span> the UK business would not be impai<span class=\"_ _2\"></span>red if the long<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">ter<span class=\"_ _2\"></span>m </span></span></div>\n<div class=\"t m0 x1a h4f y1ab4 ff2c4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">growth rat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>was<span class=\"_ _0\"></span> negativ<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and the d<span class=\"_ _0\"></span>iscount <span class=\"_ _0\"></span>rate inc<span class=\"_ _2b\"></span>reased by <span class=\"lse2 ws103\">more than </span></span></div>\n<div class=\"t m0 x1a h4f y1ab5 ff2c4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">6.2 perc<span class=\"_ _2b\"></span>ent.</div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 413px; height: 693px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2c8 fs3a fc10 sc0 lsfc ws115\" style=\"z-index: 15;\">Othe<span class=\"_ _2\"></span>r<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff2c8 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Other includes<span class=\"_ _2\"></span> goodwill in <span class=\"wsf1\">Belgium<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">and <span class=\"lsfc ws115\">In<span class=\"_ _2\"></span>dia</span></span>. </span></span></div>\n<div class=\"t m0 x7 h4f yd14 ff2c8 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Amortis<span class=\"_ _0\"></span>ation of V<span class=\"_ _0\"></span>OBA<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yd15 ff2c8 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The main co<span class=\"_ _0\"></span>ntribut<span class=\"_ _2b\"></span>or <span class=\"_ _2\"></span>to V<span class=\"_ _0\"></span>OBA <span class=\"ls102 ws11d\">is<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">Ageas Federa<span class=\"_ _2\"></span>l Life Insurance Company Ltd</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">(AFLIC)</span></span></span>. The expect<span class=\"_ _0\"></span>ed amorti<span class=\"_ _2b\"></span>sation expens<span class=\"_ _0\"></span>es <span class=\"ls106 ws124\">is<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">as foll<span class=\"_ _0\"></span>ows. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f yd16 ff2c8 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2c8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x378 h52 y5ff ff2c8 fs3c fc10 sc0 lse7 ws0\" style=\"left: 668px; bottom: 1002px; z-index: 15;\">Estima<span class=\"_ _0\"></span>ted amo<span class=\"_ _2b\"></span>rtisation o<span class=\"_ _2b\"></span>f VOBA<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff2c8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 986px; z-index: 15;\"> </div>\n<div class=\"t m0 x286 h54 y647 ff2ca fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 986px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 972px; z-index: 15;\">2023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y603 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 972px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 957px; z-index: 15;\">2024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y608 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 957px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 942px; z-index: 15;\">2025<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 942px; z-index: 15;\">22<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 927px; z-index: 15;\">2026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f2 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 927px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 912px; z-index: 15;\">2027<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f4 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 912px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Later<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x379 h52 y5f9 ff2c8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 897px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2cb fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37a h54 y60e ff2cb fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 882px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 6%; bottom: 871px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfServiceConcessionArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag459": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">Sh<span class=\"_ _2\"></span>areh<span class=\"_ _2\"></span>olders\u2019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">equit<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h63 y17d6 ff2cf fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">The <span class=\"ws10f\">following table s<span class=\"_ _2\"></span>hows the<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h63 y17d7 ff2cf fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">composition of shareholders\u2019 equity <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 y17d8 ff2cf fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">as at 31<span class=\"ls0\"> </span>December 2022. <span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff2cd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x14d h52 y1550 ff2cd fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 816px; z-index: 15;\">Share capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf5 h52 y1550 ff2cd fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2cd fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xf5 h52 y608 ff2cd fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2cd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Ordinary shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h52 y5f4 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 786px; z-index: 15;\">1,502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2cd fs3c fc14 sc0 lsed wsf7\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Share pre<span class=\"_ _0\"></span>mium reserv<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h52 y5f9 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 771px; z-index: 15;\">2,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2cd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Other reserves<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h52 y60e ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 756px; z-index: 15;\">3,752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2cd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Currency translation reserve<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe8 h52 y5f9 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 741px; z-index: 15;\">60<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2cd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o <span class=\"wsf4\">shareholders<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x248 h52 y5f7 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 727px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2cd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Unrealised gains and l<span class=\"_ _0\"></span>osses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 y5fc ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 712px; z-index: 15;\">(794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2d0 fs3c fc10 sc0 lsee ws15e\" style=\"left: 324px; bottom: 697px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h54 y601 ff2d0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 697px; z-index: 15;\">7,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 323px; bottom: 687px; height: 139px; width: 475px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x26 h6a y1aca ff2d1 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h6a y1acb ff2d1 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Shares<span class=\"_ _0\"></span> issued and poten<span class=\"_ _0\"></span>tial number<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of share<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1acc ff2cd fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">To<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">the extent<span class=\"_ _2\"></span></span> <span class=\"lse0 wsfa\">rules<span class=\"_ _2b\"></span> and<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">regul<span class=\"_ _2\"></span>ations permit, and in the<span class=\"_ _2\"></span> interest of the Company</span>, <span class=\"_ _2\"></span></span><span class=\"lse2\">the Board of Age<span class=\"_ _2\"></span>as </span></span></span></div>\n<div class=\"t m0 x26 h4f y1acd ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">was autho<span class=\"_ _0\"></span>rised fo<span class=\"_ _0\"></span>r a period of thr<span class=\"_ _2b\"></span>ee years (202<span class=\"ls0 ws0\">2-<span class=\"lse2 wsf1\">202</span>4<span class=\"lse2 wsfa\">)<span class=\"_ _2\"></span> by the General <span class=\"_ _2\"></span>Meeting of Shareholders<span class=\"_ _2\"></span></span> <span class=\"lsf4 ws10c\">of </span></span></div>\n<div class=\"t m0 x26 h4f y1ace ff2cd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">18<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">May 20<span class=\"_ _0\"></span>2<span class=\"ls0 ws0\">2 </span><span class=\"wsfa\">to increase t<span class=\"_ _2b\"></span>he share capit<span class=\"_ _2b\"></span>al by a maximu<span class=\"_ _2b\"></span>m amount of EUR<span class=\"ls0 ws0\"> </span><span class=\"lse2\">150,000,000 for genera<span class=\"_ _2\"></span>l </span></span></span></div>\n<div class=\"t m0 x26 h4f y1acf ff2cd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">purposes. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1ad0 ff2cd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1ad1 ff2cd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Applie<span class=\"_ _0\"></span>d to a frac<span class=\"_ _0\"></span>tion val<span class=\"_ _2b\"></span>ue of EUR<span class=\"ls0 ws0\"> </span><span class=\"wsef\">7.<span class=\"ls0 ws0\">92</span><span class=\"wsf0\">, this enables<span class=\"_ _0\"></span> the issuanc<span class=\"_ _2b\"></span>e of up <span class=\"_ _2\"></span>to 1<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">8<span class=\"_ _2\"></span>,<span class=\"lse2 wsf1\">950<span class=\"lse0 wsfa\">,000 shares<span class=\"_ _2b\"></span>, </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1ad2 ff2cd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">representing<span class=\"_ _2\"></span> approximately 10% of the total cu<span class=\"_ _2\"></span>rrent share capital of the Com<span class=\"_ _2\"></span>pany. This authorisation</div>\n<div class=\"t m0 x26 h4f y1ad3 ff2cd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">also ena<span class=\"_ _0\"></span>bles th<span class=\"_ _0\"></span>e Comp<span class=\"_ _0\"></span>any to me<span class=\"_ _2b\"></span>et its obligatio<span class=\"_ _2b\"></span>ns entered int<span class=\"_ _0\"></span>o in the c<span class=\"_ _2b\"></span>ontext of the iss<span class=\"_ _2b\"></span>ue of t<span class=\"lse2 wsf1\">he </span></div>\n<div class=\"t m0 x26 h4f y1ad4 ff2cd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments. <span class=\"lse0 wsfa\">Shares<span class=\"_ _0\"></span> can als<span class=\"_ _0\"></span>o be issu<span class=\"_ _2b\"></span>ed due to the so<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">called alte<span class=\"_ _2\"></span>rnative coupon settlemen<span class=\"_ _2\"></span>t </span></span></span></div>\n<div class=\"t m0 x26 h4f y1ad5 ff2cd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">method (ACSM), incl<span class=\"_ _2\"></span>uded in certain hybrid f<span class=\"_ _2\"></span>inancial instruments (for<span class=\"_ _2\"></span> details see note<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">43 Continge<span class=\"_ _0\"></span>nt </span></span></div>\n<div class=\"t m0 x26 h4f y1ad6 ff2cd fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>ies<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">and note 20 Su<span class=\"_ _0\"></span>bordin<span class=\"_ _0\"></span>ated liabi<span class=\"_ _0\"></span>lities<span class=\"lsf4 ws10c\">). <span class=\"ls0 ws0\"> </span></span></span></span></div>\n\n<div class=\"t m0 x26 h4f y1ad7 ff2cd fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Treasury shar<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1ad8 ff2cd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Treasury shar<span class=\"_ _2\"></span>es are issued o<span class=\"_ _2\"></span>rdinary shares <span class=\"_ _2\"></span>that have been bough<span class=\"_ _2\"></span>t back by Ageas.<span class=\"_ _2\"></span> The shares are<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x26 h4f y1ad9 ff2cd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">deducted from<span class=\"_ _2\"></span> shareholders\u2019 eq<span class=\"_ _2\"></span>uity and reported <span class=\"_ _2\"></span>in other reserve<span class=\"_ _2\"></span>s<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y1ada ff2cd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1adb ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The total nu<span class=\"_ _0\"></span>mber of<span class=\"_ _0\"></span> treasury sh<span class=\"_ _0\"></span>ares (<span class=\"ls0 ws0\">6.1 </span><span class=\"wsfa\">million) cons<span class=\"_ _0\"></span>ists of s<span class=\"_ _2b\"></span>hares held fo<span class=\"_ _0\"></span><span class=\"lse2 ws103\">r the FRESH (1.2 mi<span class=\"_ _2\"></span>llion<span class=\"lsf4 ws10c\">, </span></span></span></div>\n<div class=\"t m0 x26 h4f y1adc ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">see note 20.<span class=\"_ _0\"></span>1<span class=\"ls0 ws0\">)<span class=\"lse2 ws103\">, shares under<span class=\"_ _2\"></span>lying repurchased FRESH securi<span class=\"_ _2\"></span>ties (2.8 million</span></span><span class=\"wsfa\">, see note <span class=\"_ _0\"></span>20.1<span class=\"ls0 ws0\">) </span>and the </span></div>\n<div class=\"t m0 x26 h4f y1add ff2cd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>ng shar<span class=\"_ _0\"></span>es result<span class=\"_ _2b\"></span>ing from the s<span class=\"_ _0\"></span>hare buy<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">back prog<span class=\"_ _2\"></span>ramme (</span>2.1<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">millio<span class=\"_ _2b\"></span>n) of which 0.1<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1ade ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shares are us<span class=\"_ _2b\"></span>ed for the vesting of<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">the restric<span class=\"_ _2\"></span>ted share programme</span>. </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 294px; height: 130px; width: 488px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 293px; height: 668px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 293px; height: 668px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2d4 fs3a fc10 sc0 lse2 ws103\" style=\"z-index: 15;\">Share buy<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">ba<span class=\"_ _2\"></span>ck programme 20<span class=\"wsf1\">21<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>202<span class=\"ls0 ws0\">2 </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff2d4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ann<span class=\"_ _0\"></span>ounced on <span class=\"lse2 wsf1\">11<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">August 20</span>21<span class=\"ls0 ws0\"> </span></span>a new <span class=\"lse2 wsfa\">share<span class=\"_ _2\"></span> buy<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">back<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff2d4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">programme, s<span class=\"_ _2\"></span>tartin<span class=\"lse0 wsf0\">g on 1<span class=\"ls0 ws0\"> </span></span><span class=\"wsf1\">September<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">20</span></span>21<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and<span class=\"_ _2\"></span> running<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">up to</span> </span><span class=\"lse0\">29 July<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff2d4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">202<span class=\"ls0 ws0\">2<span class=\"lse0 wsf0\">, for an amount of E<span class=\"ls104 ws126\">UR </span></span></span>150<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million. </span> </span></div>\n<div class=\"t m0 x7 h4f y806 ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y807 ff2d4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Extraor<span class=\"_ _2\"></span>dinary General Mee<span class=\"_ _2\"></span>ting of Shareholders<span class=\"_ _2\"></span> of <span class=\"ls0 ws0\">A<span class=\"lse0 wsef\">geas <span class=\"ls107 ws122\">SA/N<span class=\"_ _2b\"></span>V </span></span></span></div>\n<div class=\"t m0 x7 h4f y808 ff2d4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">of<span class=\"ls0 ws0\"> 18<span class=\"_ _2\"></span> </span><span class=\"wsf0\">May 20<span class=\"_ _0\"></span>2<span class=\"ls0 ws0\">2 <span class=\"lse2 ws103\">appro<span class=\"_ _2\"></span>ved the cancellation of </span>1<span class=\"_ _2\"></span>,<span class=\"lse2 wsf1\">301</span>,<span class=\"lse2 wsf1\">941</span><span class=\"ff2d6\"> </span><span class=\"lse1 ws11d\">shares. As a<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y809 ff2d4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">result, the<span class=\"_ _2\"></span> total number of issued shares i<span class=\"_ _2\"></span>s reduced to 1<span class=\"lse0 wsef\">89<span class=\"ls0 ws0\">,</span></span><span class=\"wsf1\">731<span class=\"ls0 ws0\">,1</span>87<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f y1506 ff2d4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Restricted s<span class=\"_ _2\"></span>hare programme<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1507 ff2d4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">crea<span class=\"_ _2\"></span>ted restricted share<span class=\"_ _2\"></span> programmes for <span class=\"_ _2\"></span>the members of <span class=\"_ _2\"></span>the </span></div>\n<div class=\"t m0 x1a h4f yc3d ff2d4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Executive an<span class=\"_ _2\"></span>d Management Committee<span class=\"_ _2\"></span> (see also note<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">6 secti<span class=\"_ _0\"></span>on 6.2 </span></span></div>\n<div class=\"t m0 x1a h4f yc3e ff2d4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee <span class=\"_ _2\"></span>share and share<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">linked incentiv<span class=\"_ _2b\"></span>e plans).<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc3f ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ae6 ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h6a yafc ff2d7 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yda3 ff2d7 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Outstanding shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2d4 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 861px; z-index: 15;\">in thousands<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 876px; z-index: 15;\">Shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 541px; bottom: 861px; z-index: 15;\">issued<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y603 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 646px; bottom: 876px; z-index: 15;\">Treasury<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 861px; z-index: 15;\">shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 876px; z-index: 15;\">Shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y605 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 750px; bottom: 861px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y603 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y603 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 681px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h54 y603 ff2d8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff2d9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 831px; z-index: 15;\">Number of shares as<span class=\"_ _0\"></span> at 1 January 2021<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y605 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 831px; z-index: 15;\">194,553<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y605 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 831px; z-index: 15;\">(7,591)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y605 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 831px; z-index: 15;\">186,962<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Cancelled shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y632 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 816px; z-index: 15;\">(3,520)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y632 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 658px; bottom: 816px; z-index: 15;\">3,520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y632 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Balance (acquired)/sold<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f2 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f2 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 801px; z-index: 15;\">(1,297)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 801px; z-index: 15;\">(1,297)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Used for management share pla<span class=\"_ _2b\"></span>ns<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f4 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x5f h52 y5f4 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 786px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 786px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2d9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Number of shares as at 31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x30 h54 y5f9 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 771px; z-index: 15;\">191,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 771px; z-index: 15;\">(5,296)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5f9 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 771px; z-index: 15;\">185,737<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Cancelled shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 756px; z-index: 15;\">(1,302)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 658px; bottom: 756px; z-index: 15;\">1,302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y60e ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Balance (acquired)/sold<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f9 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 742px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f9 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 742px; z-index: 15;\">(2,152)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 742px; z-index: 15;\">(2,152)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Used for management share pla<span class=\"_ _2b\"></span>ns<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f7 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x5f h52 y5f7 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 727px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f7 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 727px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2d9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Number of shares as at 31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5fc ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 712px; z-index: 15;\">189,731<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5fc ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 712px; z-index: 15;\">(6,075)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5fc ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 712px; z-index: 15;\">183,656<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1ae7 ff2d7 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1ae8 ff2d7 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Shares entitled t<span class=\"_ _2\"></span>o dividend and voting r<span class=\"_ _2\"></span>ights<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1ae9 ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff2d4 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 602px; z-index: 15;\">in thousands<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x286 h52 y601 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 602px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 x286 h52 y5ff ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff2d9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 571px; z-index: 15;\">Number of shares iss<span class=\"_ _0\"></span>ued as at 31 Decem<span class=\"_ _2b\"></span>ber 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x139 h54 y647 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 571px; z-index: 15;\">189,731<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 556px; z-index: 15;\">Shares not entitled to <span class=\"_ _2b\"></span>div<span class=\"_ _2\"></span>idend and<span class=\"_ _0\"></span> voting rights:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x286 h52 y5ff ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 556px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 542px; z-index: 15;\">Shares held by <span class=\"ls0 ws0\">A</span><span class=\"wsf4\">geas <span class=\"lse6 wsf7\">SA/NV<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 xf5 h52 y608 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 542px; z-index: 15;\">4,841<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Shares related to FRESH<span class=\"_ _0\"></span> (see note 20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf5 h52 y603 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 527px; z-index: 15;\">1,219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 512px; z-index: 15;\">Shares related to <span class=\"lsec ws100\">CASHE<span class=\"_ _2\"></span>S (see not<span class=\"_ _2\"></span>es 23 and 43)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xf5 h52 y608 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 512px; z-index: 15;\">3,473<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2d9 fs3c fc10 sc0 lsee ws15e\" style=\"left: 69px; bottom: 497px; z-index: 15;\">Shares entitled to voting rights and dividend<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x139 h54 y5f4 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 497px; z-index: 15;\">180,197<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h6a y1af2 ff2d7 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1af3 ff2d7 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Currency translation reserve</div>\n<div class=\"t m0 x7 h4f y1af4 ff2d4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The curre<span class=\"_ _2b\"></span>ncy translation res<span class=\"_ _2b\"></span>erve is a separate c<span class=\"_ _0\"></span>omponent<span class=\"_ _0\"></span> of</div>\n<div class=\"t m0 x7 h4f y1af5 ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>olders\u2019 <span class=\"_ _0\"></span>equity<span class=\"_ _0\"></span> in which t<span class=\"_ _2b\"></span>he <span class=\"wsf0\">exchange diff<span class=\"_ _2b\"></span>erences arisi<span class=\"_ _0\"></span>ng from </span></div>\n<div class=\"t m0 x7 h4f y1af6 ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ation of t<span class=\"_ _0\"></span>he res<span class=\"_ _0\"></span>ults an<span class=\"_ _0\"></span>d financi<span class=\"_ _2b\"></span>al positions of f<span class=\"_ _2b\"></span>oreign operat<span class=\"_ _2b\"></span>ions</div>\n<div class=\"t m0 x7 h4f y1af7 ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that ar<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e Ageas C<span class=\"_ _2b\"></span>onsolidated F<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al State<span class=\"_ _0\"></span>ments <span class=\"_ _0\"></span>are</div>\n<div class=\"t m0 x7 h4f y1af8 ff2d4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reported.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1af9 ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1afa ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas d<span class=\"_ _0\"></span>oes not h<span class=\"_ _2b\"></span>edge net invest<span class=\"_ _2b\"></span>ments in operat<span class=\"_ _2b\"></span>ions that do n<span class=\"_ _0\"></span>ot have</div>\n<div class=\"t m0 x1a h4f y1afb ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"lse2 ws103\">uro as their<span class=\"_ _2\"></span> functional currency unless<span class=\"_ _2\"></span> the impact of potential<span class=\"_ _2\"></span> foreign </span></div>\n<div class=\"t m0 x1a h4f y1afc ff2d4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exchang<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>mov<span class=\"_ _0\"></span>ements is c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed beyon<span class=\"_ _0\"></span>d Ageas\u2019s Ri<span class=\"_ _0\"></span>sk Appeti<span class=\"_ _0\"></span>te.<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 313px; height: 146px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 313px; height: 793px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 313px; height: 793px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff2dc fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff2dc fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Unrealised gains <span class=\"_ _2\"></span>and losses included in <span class=\"_ _2\"></span>shareholders\u2019 equity <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff2da fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> sho<span class=\"wsfa\">ws the unrealised <span class=\"_ _2\"></span>gains and losses<span class=\"_ _2\"></span> included in sh<span class=\"_ _2\"></span>areholders\u2019 equity<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 973px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 336px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff2da fs3c fc10 sc0 ls109 ws12c\" style=\"left: 300px; bottom: 1003px; z-index: 15;\">Available<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 307px; bottom: 988px; z-index: 15;\">for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 288px; bottom: 973px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 426px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x153 h52 y603 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 368px; bottom: 1003px; z-index: 15;\">Reclassified to<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 365px; bottom: 988px; z-index: 15;\">held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 973px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y603 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 470px; bottom: 1003px; z-index: 15;\">Revaluation of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y608 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 467px; bottom: 988px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff2da fs3c fc10 sc0 lsec ws100\" style=\"left: 473px; bottom: 973px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 617px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y608 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 578px; bottom: 988px; z-index: 15;\">Cash flow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 588px; bottom: 973px; z-index: 15;\">hedges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 706px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y608 ff2da fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 688px; bottom: 988px; z-index: 15;\">DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 973px; z-index: 15;\">component<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2da fs3c fc10 sc0 lse7 ws109\" style=\"left: 775px; bottom: 973px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff2dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2da fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 943px; z-index: 15;\">(2,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 943px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 943px; z-index: 15;\">643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 943px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 943px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 943px; z-index: 15;\">(2,214)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 928px; z-index: 15;\">789<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 928px; z-index: 15;\">8</div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 928px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 928px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 928px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 928px; z-index: 15;\">790<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2da fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 913px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 913px; z-index: 15;\">281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 913px; z-index: 15;\">281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 898px; z-index: 15;\">(70)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 898px; z-index: 15;\">(70)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 883px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 883px; z-index: 15;\">435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 883px; z-index: 15;\">9</div>\n<div class=\"t m0 xbf h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 883px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 883px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 883px; z-index: 15;\">419<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Discretionary participation feature (DPF)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y70b ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 869px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x37e h52 y70b ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 869px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2de fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 854px; z-index: 15;\">(1,506)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 854px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 854px; z-index: 15;\">632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 854px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 854px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 854px; z-index: 15;\">(794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 779px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff2da fs3c fc10 sc0 ls109 ws12c\" style=\"left: 300px; bottom: 808px; z-index: 15;\">Available<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 307px; bottom: 793px; z-index: 15;\">for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 288px; bottom: 779px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5fc ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 368px; bottom: 808px; z-index: 15;\">Reclassified to<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 365px; bottom: 793px; z-index: 15;\">held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 779px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 470px; bottom: 808px; z-index: 15;\">Revaluation of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y647 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 467px; bottom: 793px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff2da fs3c fc10 sc0 lsec ws100\" style=\"left: 473px; bottom: 779px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5fc ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 617px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y647 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 578px; bottom: 793px; z-index: 15;\">Cash flow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 588px; bottom: 779px; z-index: 15;\">hedges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5fc ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 706px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y647 ff2da fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 688px; bottom: 793px; z-index: 15;\">DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 779px; z-index: 15;\">component<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 793px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5ff ff2da fs3c fc10 sc0 lse7 ws109\" style=\"left: 775px; bottom: 779px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2da fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 748px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 748px; z-index: 15;\">7,538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 748px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 748px; z-index: 15;\">1,133<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 613px; bottom: 748px; z-index: 15;\">5</div>\n<div class=\"t m0 x5d h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 748px; z-index: 15;\"> </div>\n<div class=\"t m0 x15f h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 748px; z-index: 15;\">8,645<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 733px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y605 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 733px; z-index: 15;\">(1,720)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 733px; z-index: 15;\">8</div>\n<div class=\"t m0 x1f4 h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 733px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 733px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 733px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 733px; z-index: 15;\">(1,712)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2da fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 718px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 718px; z-index: 15;\">(3,007)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 718px; z-index: 15;\">(3,007)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 704px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 704px; z-index: 15;\">770<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 704px; z-index: 15;\">770<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 689px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x15d h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 316px; bottom: 689px; z-index: 15;\">(875)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 689px; z-index: 15;\">9</div>\n<div class=\"t m0 x2b3 h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 689px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 613px; bottom: 689px; z-index: 15;\">3</div>\n<div class=\"t m0 x5d h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 689px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 689px; z-index: 15;\">(849)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 674px; z-index: 15;\">Discretionary participation feature (DPF)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 674px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 674px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2de fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 659px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 659px; z-index: 15;\">2,721<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 659px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 659px; z-index: 15;\">1,147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y60e ff2de fs3c fc10 sc0 ls0 ws0\" style=\"left: 613px; bottom: 659px; z-index: 15;\">8</div>\n<div class=\"t m0 x48 h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 659px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 659px; z-index: 15;\">3,847<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b0f ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b10 ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b11 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Changes i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the fai<span class=\"_ _2b\"></span>r value of derivativ<span class=\"_ _2b\"></span>es that are designat<span class=\"_ _2b\"></span>ed and qualify</div>\n<div class=\"t m0 x7 h4f y1b12 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a cash<span class=\"ls0 ws0\">-</span>flow h<span class=\"_ _0\"></span>edge are rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d as an unrea<span class=\"_ _0\"></span>lised gai<span class=\"_ _0\"></span>n or loss in</div>\n<div class=\"t m0 x7 h4f y1b13 ff2da fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shareholder<span class=\"_ _2\"></span>s\u2019 equity. Any hedge<span class=\"_ _2\"></span> ineffectiveness i<span class=\"_ _2\"></span>s immediately</div>\n<div class=\"t m0 x7 h4f y1b14 ff2da fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b15 ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b16 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ent<span class=\"_ _2b\"></span>ers into insuranc<span class=\"_ _0\"></span>e contracts<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>that<span class=\"_ _0\"></span> feature n<span class=\"_ _0\"></span>ot only a guara<span class=\"_ _2b\"></span>nteed</div>\n<div class=\"t m0 x7 h4f y1b17 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">part but als<span class=\"_ _2b\"></span>o other benefits,<span class=\"_ _0\"></span> of which the amo<span class=\"_ _2b\"></span>unts and the timing of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1b18 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">declarat<span class=\"_ _2b\"></span>ion and payment are s<span class=\"_ _0\"></span>olely at th<span class=\"_ _0\"></span>e discreti<span class=\"_ _2b\"></span>on of Ageas.</div>\n<div class=\"t m0 x1a h4f y1b19 ff2da fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Depending on<span class=\"_ _2\"></span> the cont<span class=\"ws103\">ractual<span class=\"_ _2\"></span> and statutory terms and condition<span class=\"_ _2\"></span>s, </span></div>\n<div class=\"t m0 x1a h4f y1b1a ff2da fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">unrealised chan<span class=\"_ _2\"></span>ges in the fair value of the as<span class=\"_ _2\"></span>set mix related to such</div>\n<div class=\"t m0 x1a h4f y1b1b ff2da fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts are,<span class=\"_ _2\"></span> after the application of shadow<span class=\"_ _2\"></span> accounting, reported in<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1b1c ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>olders\u2019 eq<span class=\"_ _0\"></span>uity und<span class=\"_ _0\"></span>er separ<span class=\"_ _0\"></span>ate discret<span class=\"_ _2b\"></span>ionary participat<span class=\"_ _2b\"></span>ion feature<span class=\"lse1\">s </span></div>\n<div class=\"t m0 x1a h4f y1b1d ff2da fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(DPF) a<span class=\"_ _0\"></span>nd in un<span class=\"_ _0\"></span>realise<span class=\"_ _0\"></span>d gains a<span class=\"_ _0\"></span>nd losses<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>ed to avai<span class=\"_ _2b\"></span>lable for sale</div>\n<div class=\"t m0 x1a h4f y1b1e ff2da fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 507px; height: 599px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 507px; height: 599px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 507px; height: 599px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The table <span class=\"_ _2\"></span>below shows changes<span class=\"_ _2\"></span> in gross unrea<span class=\"_ _2\"></span>lised gains and los<span class=\"_ _2\"></span>ses included in s<span class=\"_ _2\"></span>hareholders\u2019 equity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff2e0 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 403px; bottom: 1065px; z-index: 15;\">Available<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 410px; bottom: 1050px; z-index: 15;\">for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff2e0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 391px; bottom: 1035px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff2e0 fs3c fc10 sc0 ls109 ws125\" style=\"left: 472px; bottom: 1065px; z-index: 15;\">Reclassified to<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 469px; bottom: 1050px; z-index: 15;\">held to <span class=\"lse7 ws109\">maturi<span class=\"_ _0\"></span>ty<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x31c h52 y603 ff2e0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 1035px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff2e0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 562px; bottom: 1065px; z-index: 15;\">Revaluation of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 559px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff2e0 fs3c fc10 sc0 lsec ws100\" style=\"left: 566px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 668px; bottom: 1050px; z-index: 15;\">Cash flow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff2e0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 1035px; z-index: 15;\">hedges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y603 ff2e0 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 1035px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 439px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 529px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 619px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 707px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Gross unrealised gains (<span class=\"_ _0\"></span>losses) as at 1 Ja<span class=\"_ _0\"></span>nuary 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 1005px; z-index: 15;\">9,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 1005px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 1005px; z-index: 15;\">1,300<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1005px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1005px; z-index: 15;\">11,144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Changes in unrealised <span class=\"_ _0\"></span>gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">during the year</span> </div>\n<div class=\"t m0 x160 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 975px; z-index: 15;\">(2,175)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 975px; z-index: 15;\">(158)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 698px; bottom: 975px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 975px; z-index: 15;\">(2,304)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Reversal unrealised (gains) lo<span class=\"_ _0\"></span>sses because of sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 960px; z-index: 15;\">(182)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x15f h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 960px; z-index: 15;\">(182)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Reversal unrealised losses<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">because of impairments</span> </div>\n<div class=\"t m0 x146 h52 y5f9 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 428px; bottom: 931px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f9 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 931px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Acquisition and divestments o<span class=\"_ _2b\"></span>f<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 901px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity accounted investments</span> </div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 901px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 901px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 525px; bottom: 886px; z-index: 15;\">2</div>\n<div class=\"t m0 x5d h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 886px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 428px; bottom: 871px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 696px; bottom: 871px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 871px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Gross unrealised gains (<span class=\"_ _0\"></span>losses) as at 31 D<span class=\"_ _0\"></span>ecember 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 856px; z-index: 15;\">7,538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 856px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 856px; z-index: 15;\">1,133<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y601 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 703px; bottom: 856px; z-index: 15;\">5</div>\n<div class=\"t m0 x15e h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 856px; z-index: 15;\">8,645<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Changes in unrealised <span class=\"_ _0\"></span>gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 827px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">during the year</span> </div>\n<div class=\"t m0 x162 h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 827px; z-index: 15;\">(10,144)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 827px; z-index: 15;\">(489)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 827px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 763px; bottom: 827px; z-index: 15;\">(10,441)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Reversal unrealised (gains) lo<span class=\"_ _0\"></span>sses because of sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 812px; z-index: 15;\">(309)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x15f h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 812px; z-index: 15;\">(309)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Reversal unrealised losses<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 782px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">because of impairments</span> </div>\n<div class=\"t m0 x48 h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 423px; bottom: 782px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 782px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 767px; z-index: 15;\">Acquisition and divestments o<span class=\"_ _2b\"></span>f<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity accounted investments</span> </div>\n<div class=\"t m0 x48 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 423px; bottom: 752px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 752px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 752px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 525px; bottom: 738px; z-index: 15;\">1</div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 738px; z-index: 15;\">(93)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 738px; z-index: 15;\">(92)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 723px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 723px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 723px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Gross unrealised gains (<span class=\"_ _0\"></span>losses) as at 31 D<span class=\"_ _0\"></span>ecember 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 708px; z-index: 15;\">(2,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 708px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 708px; z-index: 15;\">643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 708px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 708px; z-index: 15;\">(2,214)<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h6a y1b29 ff2e3 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.6<span class=\"ls0 ws0\"> <span class=\"_ _46\"> </span></span>Dividend capacity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b2a ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The com<span class=\"_ _0\"></span>panies c<span class=\"_ _0\"></span>omprisi<span class=\"_ _2b\"></span>ng Ageas are sub<span class=\"_ _2b\"></span>ject to legal r<span class=\"_ _2b\"></span>estrictions</div>\n<div class=\"t m0 x7 h4f y1b2b ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">regarding the amou<span class=\"_ _2\"></span>nt of dividend they may pay to<span class=\"_ _2\"></span> their shareholders. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b2c ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b2d ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under the B<span class=\"_ _2\"></span>elgian Company Code<span class=\"_ _2\"></span>, 5% of a company<span class=\"_ _2\"></span>\u2019s annual net pro<span class=\"_ _2\"></span>fit</div>\n<div class=\"t m0 x7 h4f y1b2e ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">must be <span class=\"_ _0\"></span>placed i<span class=\"_ _0\"></span>n a legal <span class=\"_ _2b\"></span>reserve fund u<span class=\"_ _0\"></span>ntil th<span class=\"_ _0\"></span>is fu<span class=\"wsf0\">nd r<span class=\"_ _0\"></span>eaches 10% of<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x7 h4f y1b2f ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">share capit<span class=\"_ _2b\"></span>al. No dividends m<span class=\"_ _2b\"></span>ay be paid if the value of t<span class=\"_ _0\"></span>he company<span class=\"_ _0\"></span>\u2019s</div>\n<div class=\"t m0 x7 h4f y1b30 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">net asset<span class=\"_ _2b\"></span>s falls below,<span class=\"_ _0\"></span> or fol<span class=\"_ _0\"></span>lowing p<span class=\"_ _0\"></span>ayment of<span class=\"_ _0\"></span> a divi<span class=\"_ _0\"></span>dend wo<span class=\"_ _0\"></span>uld fall</div>\n<div class=\"t m0 x7 h4f y1b31 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">below, t<span class=\"_ _0\"></span>he sum of<span class=\"_ _0\"></span> its pai<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">up capital and non</span>-<span class=\"lse2 ws103\">di<span class=\"_ _2\"></span>stributable reserves.</span> </span></div>\n<div class=\"t m0 x7 h4f y1b32 ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b33 ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries and <span class=\"lse1\">a<span class=\"_ _0\"></span>ssoci<span class=\"lse2 wsf1\">ates<span class=\"ls0 ws0\"> </span></span><span class=\"lse0\">are also subject<span class=\"_ _0\"></span> to dividen<span class=\"_ _2b\"></span>d restrictions </span></span></div>\n<div class=\"t m0 x7 h4f y1b34 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">arising <span class=\"_ _2\"></span>from minimum capital a<span class=\"_ _2\"></span>nd solvency require<span class=\"_ _2\"></span>ments imposed by<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y1b35 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ors in t<span class=\"_ _0\"></span>he count<span class=\"_ _2b\"></span>ries in which <span class=\"lse2 wsf1\">they<span class=\"ls0 ws0\"> </span><span class=\"ws103\">operate and from share<span class=\"_ _2\"></span>holder </span></span></div>\n<div class=\"t m0 x7 h4f y1b36 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">agreem<span class=\"_ _0\"></span>ents wit<span class=\"_ _2b\"></span>h the partners i<span class=\"_ _0\"></span>n the com<span class=\"_ _0\"></span>pany. I<span class=\"_ _0\"></span>n certai<span class=\"_ _0\"></span>n situat<span class=\"_ _0\"></span>ions</div>\n<div class=\"t m0 x7 h4f y1b37 ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consensus between<span class=\"_ _2\"></span> the shareholders is require<span class=\"_ _2\"></span>d before dividend is</div>\n<div class=\"t m0 x7 h4f y1b38 ff2e0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b39 ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b3a ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In addition<span class=\"_ _2\"></span>, shareholder agreem<span class=\"_ _2\"></span>ents (related to<span class=\"_ _2\"></span> parties having a<span class=\"_ _2\"></span> non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1b3b ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">controlling<span class=\"_ _2\"></span> i<span class=\"lse0 wsf0\">nter<span class=\"_ _2b\"></span>est in Ageas subsidi<span class=\"_ _2b\"></span>aries) may include:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1b3c ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse1 wsf0\">speci<span class=\"_ _2\"></span>fic <span class=\"lse0 wsef\">artic<span class=\"_ _2b\"></span>les<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">on voting rights<span class=\"_ _0\"></span> or dividen<span class=\"_ _0\"></span>d distrib<span class=\"_ _0\"></span>ution;<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1b3d ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lsfb wsfa\">l<span class=\"_ _2\"></span>ock</span><span class=\"ff2e0\">-<span class=\"lse2 ws103\">up peri<span class=\"_ _2\"></span>ods during which all parties<span class=\"_ _2\"></span> having shares are not </span></span></span></div>\n<div class=\"t m0 x25a h4f y1b3e ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowed t<span class=\"_ _0\"></span>o sell shar<span class=\"_ _2b\"></span>es before a certain<span class=\"_ _0\"></span> period or with<span class=\"_ _2b\"></span>out the prior</div>\n<div class=\"t m0 x25a h4f y1b3f ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">approv<span class=\"_ _0\"></span>al of the <span class=\"lse2 wsfa\">other parties i<span class=\"_ _2\"></span>nvolved;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1b40 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse0 wsfa\">options to sel<span class=\"_ _0\"></span>l or resel<span class=\"_ _2b\"></span>l shares to th<span class=\"_ _0\"></span>e other p<span class=\"_ _0\"></span>arty (part<span class=\"_ _2b\"></span>ies) involv<span class=\"_ _0\"></span>ed in </span></span></div>\n<div class=\"t m0 x25a h4f y1b41 ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the shareholder<span class=\"_ _2\"></span>s agreement including the und<span class=\"_ _2\"></span>erlying calculation</div>\n<div class=\"t m0 x25a h4f y1b42 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy to value t<span class=\"_ _0\"></span>he shar<span class=\"_ _0\"></span>es;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b43 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse2 wsf1\">e<span class=\"_ _2\"></span>arn</span><span class=\"ff2e0\">-<span class=\"lse2 ws103\">out mechanisms<span class=\"_ _2\"></span> which allow the party original<span class=\"_ _2\"></span>ly selling <span class=\"wsf1\">the </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y1b44 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares to<span class=\"_ _2\"></span> additional revenues<span class=\"_ _2\"></span> when certain obje<span class=\"_ _2\"></span>ctives are realised;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b45 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse2 wsfa\">e<span class=\"_ _2\"></span>xclusivity clauses o<span class=\"_ _2\"></span>r non</span><span class=\"ff2e0\">-<span class=\"lse0 wsfa\">competiti<span class=\"_ _2b\"></span>on clauses rel<span class=\"_ _0\"></span>ated to <span class=\"_ _0\"></span>the sales<span class=\"_ _0\"></span> </span></span></span></div>\n<div class=\"t m0 x25a h4f y1b46 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of insuran<span class=\"_ _2\"></span>ce products.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b47 ff2e0 fs3a fc29 sc0 lse2 wsfa\" style=\"z-index: 15;\">Proposed di<span class=\"_ _2\"></span>vidend for 202<span class=\"ls0 ws0\">2<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y1b48 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Given th<span class=\"_ _2b\"></span>e continued st<span class=\"_ _0\"></span>rong ca<span class=\"_ _0\"></span>pital p<span class=\"lse2 ws103\">osition, th</span><span class=\"wsf0\">e Board of<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>ctors </span></div>\n<div class=\"t m0 x1a h4f y1b49 ff2e0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">proposes <span class=\"_ _2\"></span><span class=\"wsfa\">for approval at <span class=\"_ _2\"></span>the Annual Shareholder<span class=\"_ _2\"></span>s\u2019 Meeting, <span class=\"lse0\">a final </span></span></div>\n<div class=\"t m0 x1a h4f y1b4a ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d of EUR <span class=\"wsef\">1.50 <span class=\"wsfa\">pe<span class=\"_ _0\"></span>r share i<span class=\"_ _0\"></span>n additi<span class=\"_ _0\"></span>on to th<span class=\"_ _0\"></span>e EUR 1.50<span class=\"_ _2b\"></span> interim </span></span></div>\n<div class=\"t m0 x1a h4f y1b4b ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d paid i<span class=\"_ _0\"></span>n Octobe<span class=\"_ _0\"></span>r 2022. T<span class=\"_ _2b\"></span>his brings the t<span class=\"_ _2b\"></span>otal dividend <span class=\"lse2 ws103\">f<span class=\"_ _0\"></span>or 2022<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">to </span></span></span></div>\n<div class=\"t m0 x1a h4f y1b4c ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 3.00 p<span class=\"_ _0\"></span>er share, up 9%<span class=\"_ _0\"></span> compare<span class=\"_ _0\"></span>d to last year, r<span class=\"_ _2b\"></span>epresenting an</div>\n<div class=\"t m0 x1a h4f y1b4d ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of E<span class=\"_ _0\"></span>UR 54<span class=\"ls0 ws0\">1 </span><span class=\"wsfa\">million i<span class=\"_ _0\"></span>n divid<span class=\"_ _0\"></span>end paym<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\">.</span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 335px; height: 335px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 335px; height: 771px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 335px; height: 771px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 335px; height: 771px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff2e8 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff2e8 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Return on equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff2e6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas calc<span class=\"_ _2b\"></span>ulates return on e<span class=\"_ _0\"></span>quity by div<span class=\"_ _0\"></span>iding the n<span class=\"_ _0\"></span>et result fo<span class=\"_ _0\"></span>r the period b<span class=\"_ _0\"></span>y the net ave<span class=\"_ _0\"></span>rage equit<span class=\"_ _0\"></span>y at the begi<span class=\"_ _0\"></span>nning an<span class=\"_ _0\"></span>d th<span class=\"lse2 ws103\">e end of the period<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff2e9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a2 h52 y647 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 1018px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y647 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 1018px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5ff ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5ff ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2e6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Return on equity Insurance<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h52 y608 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y608 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 972px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">(excluding unrealised gains &amp; losses)</span> </div>\n<div class=\"t m0 x2a2 h52 y603 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 972px; z-index: 15;\">9.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y603 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 972px; z-index: 15;\">13.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 961px; height: 145px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x7 h6a y1b50 ff2e8 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1b51 ff2e8 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Earnings per share <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b52 ff2e6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble details the calculation<span class=\"_ _2\"></span> of earnings per share.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b53 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 847px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a2 h52 y5f4 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 847px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 847px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y608 ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 630px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h54 y608 ff2ea fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y632 ff2e9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o <span class=\"wsf4\">shareholders<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h54 y632 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 816px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y632 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 816px; z-index: 15;\">845<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5f2 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5f2 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff2e6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Weighted average number of o<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>dinary share<span class=\"_ _0\"></span>s for basic earnings per<span class=\"_ _0\"></span> share (in thousands)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h52 ydd0 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 786px; z-index: 15;\">184,162<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h52 ydd0 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 763px; bottom: 786px; z-index: 15;\">186,765<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2e6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 772px; z-index: 15;\">Adjustments for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h52 y5f9 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5f9 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 757px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">restricted shares (in thousands) ex<span class=\"_ _0\"></span>pected to be awarded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y60e ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 757px; z-index: 15;\">159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 757px; z-index: 15;\">140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2e9 fs3c fc10 sc0 lsee ws101\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Weighted average number of <span class=\"lse4 wsf3\">o<span class=\"_ _2\"></span>rdinary s<span class=\"_ _0\"></span>hares<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 630px; bottom: 742px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 742px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff2e9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 727px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">for dilut<span class=\"_ _2\"></span>ed earnings per share (in thousands)</span> </div>\n<div class=\"t m0 x2cb h54 y5f7 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 727px; z-index: 15;\">184,321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h54 y5f7 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 763px; bottom: 727px; z-index: 15;\">186,905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff2e6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Basic earnings per share (in euro per share)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f7 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 697px; z-index: 15;\">5.49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f7 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 697px; z-index: 15;\">4.52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2e6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Diluted earnings per sh<span class=\"_ _0\"></span>are (in euro per share<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5ff ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 682px; z-index: 15;\">5.48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5ff ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 682px; z-index: 15;\">4.52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b60 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b61 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b62 ff2e6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas shares<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">relat<span class=\"_ _2b\"></span>ed to <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>FRE<span class=\"_ _0\"></span>SH, as they<span class=\"_ _0\"></span> are not enti<span class=\"_ _0\"></span>tled to divi<span class=\"_ _0\"></span>dend </span></div>\n<div class=\"t m0 x7 h4f y1b63 ff2e6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">nor do th<span class=\"_ _0\"></span>ey have v<span class=\"_ _2b\"></span>oting rights, w<span class=\"_ _2b\"></span>ere excluded f<span class=\"_ _2b\"></span>rom the calcul<span class=\"_ _0\"></span>ation of</div>\n<div class=\"t m0 x7 h4f y1b64 ff2e6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">basic earnin<span class=\"_ _2\"></span>gs per share.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b65 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1b66 ff2e6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas sha<span class=\"_ _2b\"></span>res issued in relati<span class=\"_ _0\"></span>on to CASHE<span class=\"_ _2b\"></span>S are included in the or<span class=\"_ _0\"></span>dinary</div>\n<div class=\"t m0 x1a h4f y1b67 ff2e6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares alt<span class=\"_ _2\"></span>hough they are <span class=\"lse0\">not entitled t<span class=\"_ _2b\"></span>o dividend no<span class=\"_ _0\"></span>r do they h<span class=\"_ _2b\"></span>ave voting </span></div>\n<div class=\"t m0 x1a h4f y1b68 ff2e6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">rights.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 577px; height: 358px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 577px; height: 529px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 3%; bottom: 577px; height: 529px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag465": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">Sh<span class=\"_ _2\"></span>areh<span class=\"_ _2\"></span>olders\u2019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">equit<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h63 y17d6 ff2cf fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">The <span class=\"ws10f\">following table s<span class=\"_ _2\"></span>hows the<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h63 y17d7 ff2cf fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">composition of shareholders\u2019 equity <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 y17d8 ff2cf fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">as at 31<span class=\"ls0\"> </span>December 2022. <span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff2cd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n\n<div class=\"t m0 x14d h52 y1550 ff2cd fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 816px; z-index: 15;\">Share capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf5 h52 y1550 ff2cd fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2cd fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xf5 h52 y608 ff2cd fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2cd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Ordinary shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h52 y5f4 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 786px; z-index: 15;\">1,502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2cd fs3c fc14 sc0 lsed wsf7\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Share pre<span class=\"_ _0\"></span>mium reserv<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h52 y5f9 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 771px; z-index: 15;\">2,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2cd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Other reserves<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h52 y60e ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 756px; z-index: 15;\">3,752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2cd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Currency translation reserve<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe8 h52 y5f9 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 741px; z-index: 15;\">60<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2cd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o <span class=\"wsf4\">shareholders<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x248 h52 y5f7 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 727px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2cd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Unrealised gains and l<span class=\"_ _0\"></span>osses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 y5fc ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 712px; z-index: 15;\">(794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2d0 fs3c fc10 sc0 lsee ws15e\" style=\"left: 324px; bottom: 697px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h54 y601 ff2d0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 697px; z-index: 15;\">7,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 323px; bottom: 687px; height: 139px; width: 475px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x26 h6a y1aca ff2d1 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h6a y1acb ff2d1 fs46 fcf sc0 ls114 ws134\" style=\"z-index: 15;\">Shares<span class=\"_ _0\"></span> issued and poten<span class=\"_ _0\"></span>tial number<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>of share<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1acc ff2cd fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">To<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">the extent<span class=\"_ _2\"></span></span> <span class=\"lse0 wsfa\">rules<span class=\"_ _2b\"></span> and<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">regul<span class=\"_ _2\"></span>ations permit, and in the<span class=\"_ _2\"></span> interest of the Company</span>, <span class=\"_ _2\"></span></span><span class=\"lse2\">the Board of Age<span class=\"_ _2\"></span>as </span></span></span></div>\n<div class=\"t m0 x26 h4f y1acd ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">was autho<span class=\"_ _0\"></span>rised fo<span class=\"_ _0\"></span>r a period of thr<span class=\"_ _2b\"></span>ee years (202<span class=\"ls0 ws0\">2-<span class=\"lse2 wsf1\">202</span>4<span class=\"lse2 wsfa\">)<span class=\"_ _2\"></span> by the General <span class=\"_ _2\"></span>Meeting of Shareholders<span class=\"_ _2\"></span></span> <span class=\"lsf4 ws10c\">of </span></span></div>\n<div class=\"t m0 x26 h4f y1ace ff2cd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">18<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">May 20<span class=\"_ _0\"></span>2<span class=\"ls0 ws0\">2 </span><span class=\"wsfa\">to increase t<span class=\"_ _2b\"></span>he share capit<span class=\"_ _2b\"></span>al by a maximu<span class=\"_ _2b\"></span>m amount of EUR<span class=\"ls0 ws0\"> </span><span class=\"lse2\">150,000,000 for genera<span class=\"_ _2\"></span>l </span></span></span></div>\n<div class=\"t m0 x26 h4f y1acf ff2cd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">purposes. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1ad0 ff2cd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1ad1 ff2cd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Applie<span class=\"_ _0\"></span>d to a frac<span class=\"_ _0\"></span>tion val<span class=\"_ _2b\"></span>ue of EUR<span class=\"ls0 ws0\"> </span><span class=\"wsef\">7.<span class=\"ls0 ws0\">92</span><span class=\"wsf0\">, this enables<span class=\"_ _0\"></span> the issuanc<span class=\"_ _2b\"></span>e of up <span class=\"_ _2\"></span>to 1<span class=\"_ _2b\"></span><span class=\"ls0 ws0\">8<span class=\"_ _2\"></span>,<span class=\"lse2 wsf1\">950<span class=\"lse0 wsfa\">,000 shares<span class=\"_ _2b\"></span>, </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1ad2 ff2cd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">representing<span class=\"_ _2\"></span> approximately 10% of the total cu<span class=\"_ _2\"></span>rrent share capital of the Com<span class=\"_ _2\"></span>pany. This authorisation</div>\n<div class=\"t m0 x26 h4f y1ad3 ff2cd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">also ena<span class=\"_ _0\"></span>bles th<span class=\"_ _0\"></span>e Comp<span class=\"_ _0\"></span>any to me<span class=\"_ _2b\"></span>et its obligatio<span class=\"_ _2b\"></span>ns entered int<span class=\"_ _0\"></span>o in the c<span class=\"_ _2b\"></span>ontext of the iss<span class=\"_ _2b\"></span>ue of t<span class=\"lse2 wsf1\">he </span></div>\n<div class=\"t m0 x26 h4f y1ad4 ff2cd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">financial in<span class=\"_ _2\"></span>struments. <span class=\"lse0 wsfa\">Shares<span class=\"_ _0\"></span> can als<span class=\"_ _0\"></span>o be issu<span class=\"_ _2b\"></span>ed due to the so<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">called alte<span class=\"_ _2\"></span>rnative coupon settlemen<span class=\"_ _2\"></span>t </span></span></span></div>\n<div class=\"t m0 x26 h4f y1ad5 ff2cd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">method (ACSM), incl<span class=\"_ _2\"></span>uded in certain hybrid f<span class=\"_ _2\"></span>inancial instruments (for<span class=\"_ _2\"></span> details see note<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">43 Continge<span class=\"_ _0\"></span>nt </span></span></div>\n<div class=\"t m0 x26 h4f y1ad6 ff2cd fs3a fc14 sc0 ls106 ws124\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>ies<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">and note 20 Su<span class=\"_ _0\"></span>bordin<span class=\"_ _0\"></span>ated liabi<span class=\"_ _0\"></span>lities<span class=\"lsf4 ws10c\">). <span class=\"ls0 ws0\"> </span></span></span></span></div>\n\n<div class=\"t m0 x26 h4f y1ad7 ff2cd fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Treasury shar<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1ad8 ff2cd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Treasury shar<span class=\"_ _2\"></span>es are issued o<span class=\"_ _2\"></span>rdinary shares <span class=\"_ _2\"></span>that have been bough<span class=\"_ _2\"></span>t back by Ageas.<span class=\"_ _2\"></span> The shares are<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x26 h4f y1ad9 ff2cd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">deducted from<span class=\"_ _2\"></span> shareholders\u2019 eq<span class=\"_ _2\"></span>uity and reported <span class=\"_ _2\"></span>in other reserve<span class=\"_ _2\"></span>s<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y1ada ff2cd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1adb ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The total nu<span class=\"_ _0\"></span>mber of<span class=\"_ _0\"></span> treasury sh<span class=\"_ _0\"></span>ares (<span class=\"ls0 ws0\">6.1 </span><span class=\"wsfa\">million) cons<span class=\"_ _0\"></span>ists of s<span class=\"_ _2b\"></span>hares held fo<span class=\"_ _0\"></span><span class=\"lse2 ws103\">r the FRESH (1.2 mi<span class=\"_ _2\"></span>llion<span class=\"lsf4 ws10c\">, </span></span></span></div>\n<div class=\"t m0 x26 h4f y1adc ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">see note 20.<span class=\"_ _0\"></span>1<span class=\"ls0 ws0\">)<span class=\"lse2 ws103\">, shares under<span class=\"_ _2\"></span>lying repurchased FRESH securi<span class=\"_ _2\"></span>ties (2.8 million</span></span><span class=\"wsfa\">, see note <span class=\"_ _0\"></span>20.1<span class=\"ls0 ws0\">) </span>and the </span></div>\n<div class=\"t m0 x26 h4f y1add ff2cd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>ng shar<span class=\"_ _0\"></span>es result<span class=\"_ _2b\"></span>ing from the s<span class=\"_ _0\"></span>hare buy<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">back prog<span class=\"_ _2\"></span>ramme (</span>2.1<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">millio<span class=\"_ _2b\"></span>n) of which 0.1<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1ade ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shares are us<span class=\"_ _2b\"></span>ed for the vesting of<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">the restric<span class=\"_ _2\"></span>ted share programme</span>. </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 294px; height: 130px; width: 488px; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 293px; height: 668px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff2d4 fs3a fc10 sc0 lse2 ws103\" style=\"z-index: 15;\">Share buy<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">ba<span class=\"_ _2\"></span>ck programme 20<span class=\"wsf1\">21<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>202<span class=\"ls0 ws0\">2 </span></span></span></div>\n<div class=\"t m0 x7 h4f y803 ff2d4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ann<span class=\"_ _0\"></span>ounced on <span class=\"lse2 wsf1\">11<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">August 20</span>21<span class=\"ls0 ws0\"> </span></span>a new <span class=\"lse2 wsfa\">share<span class=\"_ _2\"></span> buy<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">back<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y804 ff2d4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">programme, s<span class=\"_ _2\"></span>tartin<span class=\"lse0 wsf0\">g on 1<span class=\"ls0 ws0\"> </span></span><span class=\"wsf1\">September<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">20</span></span>21<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">and<span class=\"_ _2\"></span> running<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">up to</span> </span><span class=\"lse0\">29 July<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y805 ff2d4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">202<span class=\"ls0 ws0\">2<span class=\"lse0 wsf0\">, for an amount of E<span class=\"ls104 ws126\">UR </span></span></span>150<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million. </span> </span></div>\n<div class=\"t m0 x7 h4f y806 ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y807 ff2d4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Extraor<span class=\"_ _2\"></span>dinary General Mee<span class=\"_ _2\"></span>ting of Shareholders<span class=\"_ _2\"></span> of <span class=\"ls0 ws0\">A<span class=\"lse0 wsef\">geas <span class=\"ls107 ws122\">SA/N<span class=\"_ _2b\"></span>V </span></span></span></div>\n<div class=\"t m0 x7 h4f y808 ff2d4 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">of<span class=\"ls0 ws0\"> 18<span class=\"_ _2\"></span> </span><span class=\"wsf0\">May 20<span class=\"_ _0\"></span>2<span class=\"ls0 ws0\">2 <span class=\"lse2 ws103\">appro<span class=\"_ _2\"></span>ved the cancellation of </span>1<span class=\"_ _2\"></span>,<span class=\"lse2 wsf1\">301</span>,<span class=\"lse2 wsf1\">941</span><span class=\"ff2d6\"> </span><span class=\"lse1 ws11d\">shares. As a<span class=\"_ _2\"></span> </span></span></span></div>\n<div class=\"t m0 x7 h4f y809 ff2d4 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">result, the<span class=\"_ _2\"></span> total number of issued shares i<span class=\"_ _2\"></span>s reduced to 1<span class=\"lse0 wsef\">89<span class=\"ls0 ws0\">,</span></span><span class=\"wsf1\">731<span class=\"ls0 ws0\">,1</span>87<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></span></div>\n<div class=\"t m0 x1a h4f y1506 ff2d4 fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Restricted s<span class=\"_ _2\"></span>hare programme<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1507 ff2d4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">crea<span class=\"_ _2\"></span>ted restricted share<span class=\"_ _2\"></span> programmes for <span class=\"_ _2\"></span>the members of <span class=\"_ _2\"></span>the </span></div>\n<div class=\"t m0 x1a h4f yc3d ff2d4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Executive an<span class=\"_ _2\"></span>d Management Committee<span class=\"_ _2\"></span> (see also note<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">6 secti<span class=\"_ _0\"></span>on 6.2 </span></span></div>\n<div class=\"t m0 x1a h4f yc3e ff2d4 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee <span class=\"_ _2\"></span>share and share<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">linked incentiv<span class=\"_ _2b\"></span>e plans).<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f yc3f ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ae6 ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h6a yafc ff2d7 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a yda3 ff2d7 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Outstanding shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 876px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2d4 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 861px; z-index: 15;\">in thousands<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 876px; z-index: 15;\">Shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 541px; bottom: 861px; z-index: 15;\">issued<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y603 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 646px; bottom: 876px; z-index: 15;\">Treasury<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 655px; bottom: 861px; z-index: 15;\">shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 876px; z-index: 15;\">Shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y605 ff2d4 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 750px; bottom: 861px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y603 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 567px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h52 y603 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 681px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x28a h54 y603 ff2d8 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 846px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff2d9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 831px; z-index: 15;\">Number of shares as<span class=\"_ _0\"></span> at 1 January 2021<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y605 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 831px; z-index: 15;\">194,553<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y605 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 831px; z-index: 15;\">(7,591)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y605 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 831px; z-index: 15;\">186,962<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Cancelled shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y632 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 816px; z-index: 15;\">(3,520)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y632 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 658px; bottom: 816px; z-index: 15;\">3,520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y632 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Balance (acquired)/sold<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f2 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f2 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 801px; z-index: 15;\">(1,297)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f2 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 801px; z-index: 15;\">(1,297)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Used for management share pla<span class=\"_ _2b\"></span>ns<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f4 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x5f h52 y5f4 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 786px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f4 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 786px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2d9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Number of shares as at 31 <span class=\"wsf3\">December 2021<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x30 h54 y5f9 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 771px; z-index: 15;\">191,033<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5f9 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 771px; z-index: 15;\">(5,296)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5f9 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 771px; z-index: 15;\">185,737<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Cancelled shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 539px; bottom: 756px; z-index: 15;\">(1,302)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x77 h52 y60e ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 658px; bottom: 756px; z-index: 15;\">1,302<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y60e ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Balance (acquired)/sold<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f9 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 742px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5f9 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 742px; z-index: 15;\">(2,152)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 742px; z-index: 15;\">(2,152)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Used for management share pla<span class=\"_ _2b\"></span>ns<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f7 ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 567px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x5f h52 y5f7 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 671px; bottom: 727px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f7 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 727px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2d9 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Number of shares as at 31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5fc ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 535px; bottom: 712px; z-index: 15;\">189,731<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h54 y5fc ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 712px; z-index: 15;\">(6,075)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h54 y5fc ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 712px; z-index: 15;\">183,656<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1ae7 ff2d7 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1ae8 ff2d7 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Shares entitled t<span class=\"_ _2\"></span>o dividend and voting r<span class=\"_ _2\"></span>ights<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1ae9 ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff2d4 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 602px; z-index: 15;\">in thousands<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x286 h52 y601 ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 602px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 x286 h52 y5ff ff2d4 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 586px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff2d9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 571px; z-index: 15;\">Number of shares iss<span class=\"_ _0\"></span>ued as at 31 Decem<span class=\"_ _2b\"></span>ber 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x139 h54 y647 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 571px; z-index: 15;\">189,731<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 556px; z-index: 15;\">Shares not entitled to <span class=\"_ _2b\"></span>div<span class=\"_ _2\"></span>idend and<span class=\"_ _0\"></span> voting rights:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x286 h52 y5ff ff2d4 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 556px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 542px; z-index: 15;\">Shares held by <span class=\"ls0 ws0\">A</span><span class=\"wsf4\">geas <span class=\"lse6 wsf7\">SA/NV<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 xf5 h52 y608 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 542px; z-index: 15;\">4,841<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2d4 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Shares related to FRESH<span class=\"_ _0\"></span> (see note 20)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf5 h52 y603 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 527px; z-index: 15;\">1,219<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2d4 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 512px; z-index: 15;\">Shares related to <span class=\"lsec ws100\">CASHE<span class=\"_ _2\"></span>S (see not<span class=\"_ _2\"></span>es 23 and 43)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xf5 h52 y608 ff2d4 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 512px; z-index: 15;\">3,473<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2d9 fs3c fc10 sc0 lsee ws15e\" style=\"left: 69px; bottom: 497px; z-index: 15;\">Shares entitled to voting rights and dividend<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x139 h54 y5f4 ff2d9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 497px; z-index: 15;\">180,197<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h6a y1af2 ff2d7 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1af3 ff2d7 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Currency translation reserve</div>\n<div class=\"t m0 x7 h4f y1af4 ff2d4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The curre<span class=\"_ _2b\"></span>ncy translation res<span class=\"_ _2b\"></span>erve is a separate c<span class=\"_ _0\"></span>omponent<span class=\"_ _0\"></span> of</div>\n<div class=\"t m0 x7 h4f y1af5 ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>olders\u2019 <span class=\"_ _0\"></span>equity<span class=\"_ _0\"></span> in which t<span class=\"_ _2b\"></span>he <span class=\"wsf0\">exchange diff<span class=\"_ _2b\"></span>erences arisi<span class=\"_ _0\"></span>ng from </span></div>\n<div class=\"t m0 x7 h4f y1af6 ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ation of t<span class=\"_ _0\"></span>he res<span class=\"_ _0\"></span>ults an<span class=\"_ _0\"></span>d financi<span class=\"_ _2b\"></span>al positions of f<span class=\"_ _2b\"></span>oreign operat<span class=\"_ _2b\"></span>ions</div>\n<div class=\"t m0 x7 h4f y1af7 ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that ar<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e Ageas C<span class=\"_ _2b\"></span>onsolidated F<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al State<span class=\"_ _0\"></span>ments <span class=\"_ _0\"></span>are</div>\n<div class=\"t m0 x7 h4f y1af8 ff2d4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reported.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1af9 ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1afa ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas d<span class=\"_ _0\"></span>oes not h<span class=\"_ _2b\"></span>edge net invest<span class=\"_ _2b\"></span>ments in operat<span class=\"_ _2b\"></span>ions that do n<span class=\"_ _0\"></span>ot have</div>\n<div class=\"t m0 x1a h4f y1afb ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"lse2 ws103\">uro as their<span class=\"_ _2\"></span> functional currency unless<span class=\"_ _2\"></span> the impact of potential<span class=\"_ _2\"></span> foreign </span></div>\n<div class=\"t m0 x1a h4f y1afc ff2d4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exchang<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>mov<span class=\"_ _0\"></span>ements is c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed beyon<span class=\"_ _0\"></span>d Ageas\u2019s Ri<span class=\"_ _0\"></span>sk Appeti<span class=\"_ _0\"></span>te.<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 313px; height: 146px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 313px; height: 793px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff2dc fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff2dc fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Unrealised gains <span class=\"_ _2\"></span>and losses included in <span class=\"_ _2\"></span>shareholders\u2019 equity <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff2da fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> sho<span class=\"wsfa\">ws the unrealised <span class=\"_ _2\"></span>gains and losses<span class=\"_ _2\"></span> included in sh<span class=\"_ _2\"></span>areholders\u2019 equity<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 973px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 336px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff2da fs3c fc10 sc0 ls109 ws12c\" style=\"left: 300px; bottom: 1003px; z-index: 15;\">Available<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 307px; bottom: 988px; z-index: 15;\">for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 288px; bottom: 973px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 426px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x153 h52 y603 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 368px; bottom: 1003px; z-index: 15;\">Reclassified to<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 365px; bottom: 988px; z-index: 15;\">held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 973px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y603 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 470px; bottom: 1003px; z-index: 15;\">Revaluation of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y608 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 467px; bottom: 988px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff2da fs3c fc10 sc0 lsec ws100\" style=\"left: 473px; bottom: 973px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 617px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y608 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 578px; bottom: 988px; z-index: 15;\">Cash flow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 588px; bottom: 973px; z-index: 15;\">hedges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 706px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y608 ff2da fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 688px; bottom: 988px; z-index: 15;\">DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 973px; z-index: 15;\">component<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2da fs3c fc10 sc0 lse7 ws109\" style=\"left: 775px; bottom: 973px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff2dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2da fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 943px; z-index: 15;\">(2,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 943px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 943px; z-index: 15;\">643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 943px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 943px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 943px; z-index: 15;\">(2,214)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 928px; z-index: 15;\">789<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 928px; z-index: 15;\">8</div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 928px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 928px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 928px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 928px; z-index: 15;\">790<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2da fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 913px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 913px; z-index: 15;\">281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 913px; z-index: 15;\">281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 898px; z-index: 15;\">(70)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 898px; z-index: 15;\">(70)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 883px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 883px; z-index: 15;\">435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 883px; z-index: 15;\">9</div>\n<div class=\"t m0 xbf h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 883px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 883px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 883px; z-index: 15;\">419<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Discretionary participation feature (DPF)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y70b ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 869px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x37e h52 y70b ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 869px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2de fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 854px; z-index: 15;\">(1,506)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 854px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 854px; z-index: 15;\">632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 854px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 854px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 854px; z-index: 15;\">(794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 779px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff2da fs3c fc10 sc0 ls109 ws12c\" style=\"left: 300px; bottom: 808px; z-index: 15;\">Available<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 307px; bottom: 793px; z-index: 15;\">for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 288px; bottom: 779px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5fc ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 368px; bottom: 808px; z-index: 15;\">Reclassified to<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 365px; bottom: 793px; z-index: 15;\">held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 779px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 470px; bottom: 808px; z-index: 15;\">Revaluation of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y647 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 467px; bottom: 793px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff2da fs3c fc10 sc0 lsec ws100\" style=\"left: 473px; bottom: 779px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5fc ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 617px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y647 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 578px; bottom: 793px; z-index: 15;\">Cash flow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 588px; bottom: 779px; z-index: 15;\">hedges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5fc ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 706px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y647 ff2da fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 688px; bottom: 793px; z-index: 15;\">DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 779px; z-index: 15;\">component<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 793px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5ff ff2da fs3c fc10 sc0 lse7 ws109\" style=\"left: 775px; bottom: 779px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2da fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 748px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 748px; z-index: 15;\">7,538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 748px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 748px; z-index: 15;\">1,133<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 613px; bottom: 748px; z-index: 15;\">5</div>\n<div class=\"t m0 x5d h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 748px; z-index: 15;\"> </div>\n<div class=\"t m0 x15f h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 748px; z-index: 15;\">8,645<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 733px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y605 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 733px; z-index: 15;\">(1,720)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 733px; z-index: 15;\">8</div>\n<div class=\"t m0 x1f4 h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 733px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 733px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 733px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 733px; z-index: 15;\">(1,712)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2da fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 718px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 718px; z-index: 15;\">(3,007)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 718px; z-index: 15;\">(3,007)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 704px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 704px; z-index: 15;\">770<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 704px; z-index: 15;\">770<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 689px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x15d h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 316px; bottom: 689px; z-index: 15;\">(875)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 689px; z-index: 15;\">9</div>\n<div class=\"t m0 x2b3 h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 689px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 613px; bottom: 689px; z-index: 15;\">3</div>\n<div class=\"t m0 x5d h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 689px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 689px; z-index: 15;\">(849)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 674px; z-index: 15;\">Discretionary participation feature (DPF)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 674px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 674px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2de fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 659px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 659px; z-index: 15;\">2,721<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 659px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 659px; z-index: 15;\">1,147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y60e ff2de fs3c fc10 sc0 ls0 ws0\" style=\"left: 613px; bottom: 659px; z-index: 15;\">8</div>\n<div class=\"t m0 x48 h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 659px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 659px; z-index: 15;\">3,847<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b0f ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b10 ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b11 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Changes i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the fai<span class=\"_ _2b\"></span>r value of derivativ<span class=\"_ _2b\"></span>es that are designat<span class=\"_ _2b\"></span>ed and qualify</div>\n<div class=\"t m0 x7 h4f y1b12 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a cash<span class=\"ls0 ws0\">-</span>flow h<span class=\"_ _0\"></span>edge are rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d as an unrea<span class=\"_ _0\"></span>lised gai<span class=\"_ _0\"></span>n or loss in</div>\n<div class=\"t m0 x7 h4f y1b13 ff2da fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shareholder<span class=\"_ _2\"></span>s\u2019 equity. Any hedge<span class=\"_ _2\"></span> ineffectiveness i<span class=\"_ _2\"></span>s immediately</div>\n<div class=\"t m0 x7 h4f y1b14 ff2da fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b15 ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b16 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ent<span class=\"_ _2b\"></span>ers into insuranc<span class=\"_ _0\"></span>e contracts<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>that<span class=\"_ _0\"></span> feature n<span class=\"_ _0\"></span>ot only a guara<span class=\"_ _2b\"></span>nteed</div>\n<div class=\"t m0 x7 h4f y1b17 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">part but als<span class=\"_ _2b\"></span>o other benefits,<span class=\"_ _0\"></span> of which the amo<span class=\"_ _2b\"></span>unts and the timing of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1b18 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">declarat<span class=\"_ _2b\"></span>ion and payment are s<span class=\"_ _0\"></span>olely at th<span class=\"_ _0\"></span>e discreti<span class=\"_ _2b\"></span>on of Ageas.</div>\n<div class=\"t m0 x1a h4f y1b19 ff2da fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Depending on<span class=\"_ _2\"></span> the cont<span class=\"ws103\">ractual<span class=\"_ _2\"></span> and statutory terms and condition<span class=\"_ _2\"></span>s, </span></div>\n<div class=\"t m0 x1a h4f y1b1a ff2da fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">unrealised chan<span class=\"_ _2\"></span>ges in the fair value of the as<span class=\"_ _2\"></span>set mix related to such</div>\n<div class=\"t m0 x1a h4f y1b1b ff2da fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts are,<span class=\"_ _2\"></span> after the application of shadow<span class=\"_ _2\"></span> accounting, reported in<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1b1c ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>olders\u2019 eq<span class=\"_ _0\"></span>uity und<span class=\"_ _0\"></span>er separ<span class=\"_ _0\"></span>ate discret<span class=\"_ _2b\"></span>ionary participat<span class=\"_ _2b\"></span>ion feature<span class=\"lse1\">s </span></div>\n<div class=\"t m0 x1a h4f y1b1d ff2da fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(DPF) a<span class=\"_ _0\"></span>nd in un<span class=\"_ _0\"></span>realise<span class=\"_ _0\"></span>d gains a<span class=\"_ _0\"></span>nd losses<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>ed to avai<span class=\"_ _2b\"></span>lable for sale</div>\n<div class=\"t m0 x1a h4f y1b1e ff2da fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 507px; height: 599px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 507px; height: 599px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The table <span class=\"_ _2\"></span>below shows changes<span class=\"_ _2\"></span> in gross unrea<span class=\"_ _2\"></span>lised gains and los<span class=\"_ _2\"></span>ses included in s<span class=\"_ _2\"></span>hareholders\u2019 equity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff2e0 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 403px; bottom: 1065px; z-index: 15;\">Available<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 410px; bottom: 1050px; z-index: 15;\">for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff2e0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 391px; bottom: 1035px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff2e0 fs3c fc10 sc0 ls109 ws125\" style=\"left: 472px; bottom: 1065px; z-index: 15;\">Reclassified to<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 469px; bottom: 1050px; z-index: 15;\">held to <span class=\"lse7 ws109\">maturi<span class=\"_ _0\"></span>ty<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x31c h52 y603 ff2e0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 1035px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff2e0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 562px; bottom: 1065px; z-index: 15;\">Revaluation of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 559px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff2e0 fs3c fc10 sc0 lsec ws100\" style=\"left: 566px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 668px; bottom: 1050px; z-index: 15;\">Cash flow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff2e0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 1035px; z-index: 15;\">hedges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y603 ff2e0 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 1035px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 439px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 529px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 619px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 707px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Gross unrealised gains (<span class=\"_ _0\"></span>losses) as at 1 Ja<span class=\"_ _0\"></span>nuary 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 1005px; z-index: 15;\">9,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 1005px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 1005px; z-index: 15;\">1,300<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1005px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1005px; z-index: 15;\">11,144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Changes in unrealised <span class=\"_ _0\"></span>gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">during the year</span> </div>\n<div class=\"t m0 x160 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 975px; z-index: 15;\">(2,175)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 975px; z-index: 15;\">(158)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 698px; bottom: 975px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 975px; z-index: 15;\">(2,304)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Reversal unrealised (gains) lo<span class=\"_ _0\"></span>sses because of sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 960px; z-index: 15;\">(182)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x15f h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 960px; z-index: 15;\">(182)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Reversal unrealised losses<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">because of impairments</span> </div>\n<div class=\"t m0 x146 h52 y5f9 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 428px; bottom: 931px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f9 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 931px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Acquisition and divestments o<span class=\"_ _2b\"></span>f<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 901px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity accounted investments</span> </div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 901px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 901px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 525px; bottom: 886px; z-index: 15;\">2</div>\n<div class=\"t m0 x5d h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 886px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 428px; bottom: 871px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 696px; bottom: 871px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 871px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Gross unrealised gains (<span class=\"_ _0\"></span>losses) as at 31 D<span class=\"_ _0\"></span>ecember 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 856px; z-index: 15;\">7,538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 856px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 856px; z-index: 15;\">1,133<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y601 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 703px; bottom: 856px; z-index: 15;\">5</div>\n<div class=\"t m0 x15e h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 856px; z-index: 15;\">8,645<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Changes in unrealised <span class=\"_ _0\"></span>gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 827px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">during the year</span> </div>\n<div class=\"t m0 x162 h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 827px; z-index: 15;\">(10,144)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 827px; z-index: 15;\">(489)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 827px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 763px; bottom: 827px; z-index: 15;\">(10,441)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Reversal unrealised (gains) lo<span class=\"_ _0\"></span>sses because of sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 812px; z-index: 15;\">(309)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x15f h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 812px; z-index: 15;\">(309)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Reversal unrealised losses<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 782px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">because of impairments</span> </div>\n<div class=\"t m0 x48 h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 423px; bottom: 782px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 782px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 767px; z-index: 15;\">Acquisition and divestments o<span class=\"_ _2b\"></span>f<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity accounted investments</span> </div>\n<div class=\"t m0 x48 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 423px; bottom: 752px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 752px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 752px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 525px; bottom: 738px; z-index: 15;\">1</div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 738px; z-index: 15;\">(93)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 738px; z-index: 15;\">(92)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 723px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 723px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 723px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Gross unrealised gains (<span class=\"_ _0\"></span>losses) as at 31 D<span class=\"_ _0\"></span>ecember 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 708px; z-index: 15;\">(2,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 708px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 708px; z-index: 15;\">643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 708px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 708px; z-index: 15;\">(2,214)<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h6a y1b29 ff2e3 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.6<span class=\"ls0 ws0\"> <span class=\"_ _46\"> </span></span>Dividend capacity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b2a ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The com<span class=\"_ _0\"></span>panies c<span class=\"_ _0\"></span>omprisi<span class=\"_ _2b\"></span>ng Ageas are sub<span class=\"_ _2b\"></span>ject to legal r<span class=\"_ _2b\"></span>estrictions</div>\n<div class=\"t m0 x7 h4f y1b2b ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">regarding the amou<span class=\"_ _2\"></span>nt of dividend they may pay to<span class=\"_ _2\"></span> their shareholders. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b2c ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b2d ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under the B<span class=\"_ _2\"></span>elgian Company Code<span class=\"_ _2\"></span>, 5% of a company<span class=\"_ _2\"></span>\u2019s annual net pro<span class=\"_ _2\"></span>fit</div>\n<div class=\"t m0 x7 h4f y1b2e ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">must be <span class=\"_ _0\"></span>placed i<span class=\"_ _0\"></span>n a legal <span class=\"_ _2b\"></span>reserve fund u<span class=\"_ _0\"></span>ntil th<span class=\"_ _0\"></span>is fu<span class=\"wsf0\">nd r<span class=\"_ _0\"></span>eaches 10% of<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x7 h4f y1b2f ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">share capit<span class=\"_ _2b\"></span>al. No dividends m<span class=\"_ _2b\"></span>ay be paid if the value of t<span class=\"_ _0\"></span>he company<span class=\"_ _0\"></span>\u2019s</div>\n<div class=\"t m0 x7 h4f y1b30 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">net asset<span class=\"_ _2b\"></span>s falls below,<span class=\"_ _0\"></span> or fol<span class=\"_ _0\"></span>lowing p<span class=\"_ _0\"></span>ayment of<span class=\"_ _0\"></span> a divi<span class=\"_ _0\"></span>dend wo<span class=\"_ _0\"></span>uld fall</div>\n<div class=\"t m0 x7 h4f y1b31 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">below, t<span class=\"_ _0\"></span>he sum of<span class=\"_ _0\"></span> its pai<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">up capital and non</span>-<span class=\"lse2 ws103\">di<span class=\"_ _2\"></span>stributable reserves.</span> </span></div>\n<div class=\"t m0 x7 h4f y1b32 ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b33 ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries and <span class=\"lse1\">a<span class=\"_ _0\"></span>ssoci<span class=\"lse2 wsf1\">ates<span class=\"ls0 ws0\"> </span></span><span class=\"lse0\">are also subject<span class=\"_ _0\"></span> to dividen<span class=\"_ _2b\"></span>d restrictions </span></span></div>\n<div class=\"t m0 x7 h4f y1b34 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">arising <span class=\"_ _2\"></span>from minimum capital a<span class=\"_ _2\"></span>nd solvency require<span class=\"_ _2\"></span>ments imposed by<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y1b35 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ors in t<span class=\"_ _0\"></span>he count<span class=\"_ _2b\"></span>ries in which <span class=\"lse2 wsf1\">they<span class=\"ls0 ws0\"> </span><span class=\"ws103\">operate and from share<span class=\"_ _2\"></span>holder </span></span></div>\n<div class=\"t m0 x7 h4f y1b36 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">agreem<span class=\"_ _0\"></span>ents wit<span class=\"_ _2b\"></span>h the partners i<span class=\"_ _0\"></span>n the com<span class=\"_ _0\"></span>pany. I<span class=\"_ _0\"></span>n certai<span class=\"_ _0\"></span>n situat<span class=\"_ _0\"></span>ions</div>\n<div class=\"t m0 x7 h4f y1b37 ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consensus between<span class=\"_ _2\"></span> the shareholders is require<span class=\"_ _2\"></span>d before dividend is</div>\n<div class=\"t m0 x7 h4f y1b38 ff2e0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b39 ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b3a ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In addition<span class=\"_ _2\"></span>, shareholder agreem<span class=\"_ _2\"></span>ents (related to<span class=\"_ _2\"></span> parties having a<span class=\"_ _2\"></span> non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1b3b ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">controlling<span class=\"_ _2\"></span> i<span class=\"lse0 wsf0\">nter<span class=\"_ _2b\"></span>est in Ageas subsidi<span class=\"_ _2b\"></span>aries) may include:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1b3c ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse1 wsf0\">speci<span class=\"_ _2\"></span>fic <span class=\"lse0 wsef\">artic<span class=\"_ _2b\"></span>les<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">on voting rights<span class=\"_ _0\"></span> or dividen<span class=\"_ _0\"></span>d distrib<span class=\"_ _0\"></span>ution;<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1b3d ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lsfb wsfa\">l<span class=\"_ _2\"></span>ock</span><span class=\"ff2e0\">-<span class=\"lse2 ws103\">up peri<span class=\"_ _2\"></span>ods during which all parties<span class=\"_ _2\"></span> having shares are not </span></span></span></div>\n<div class=\"t m0 x25a h4f y1b3e ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowed t<span class=\"_ _0\"></span>o sell shar<span class=\"_ _2b\"></span>es before a certain<span class=\"_ _0\"></span> period or with<span class=\"_ _2b\"></span>out the prior</div>\n<div class=\"t m0 x25a h4f y1b3f ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">approv<span class=\"_ _0\"></span>al of the <span class=\"lse2 wsfa\">other parties i<span class=\"_ _2\"></span>nvolved;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1b40 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse0 wsfa\">options to sel<span class=\"_ _0\"></span>l or resel<span class=\"_ _2b\"></span>l shares to th<span class=\"_ _0\"></span>e other p<span class=\"_ _0\"></span>arty (part<span class=\"_ _2b\"></span>ies) involv<span class=\"_ _0\"></span>ed in </span></span></div>\n<div class=\"t m0 x25a h4f y1b41 ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the shareholder<span class=\"_ _2\"></span>s agreement including the und<span class=\"_ _2\"></span>erlying calculation</div>\n<div class=\"t m0 x25a h4f y1b42 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy to value t<span class=\"_ _0\"></span>he shar<span class=\"_ _0\"></span>es;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b43 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse2 wsf1\">e<span class=\"_ _2\"></span>arn</span><span class=\"ff2e0\">-<span class=\"lse2 ws103\">out mechanisms<span class=\"_ _2\"></span> which allow the party original<span class=\"_ _2\"></span>ly selling <span class=\"wsf1\">the </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y1b44 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares to<span class=\"_ _2\"></span> additional revenues<span class=\"_ _2\"></span> when certain obje<span class=\"_ _2\"></span>ctives are realised;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b45 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse2 wsfa\">e<span class=\"_ _2\"></span>xclusivity clauses o<span class=\"_ _2\"></span>r non</span><span class=\"ff2e0\">-<span class=\"lse0 wsfa\">competiti<span class=\"_ _2b\"></span>on clauses rel<span class=\"_ _0\"></span>ated to <span class=\"_ _0\"></span>the sales<span class=\"_ _0\"></span> </span></span></span></div>\n<div class=\"t m0 x25a h4f y1b46 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of insuran<span class=\"_ _2\"></span>ce products.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b47 ff2e0 fs3a fc29 sc0 lse2 wsfa\" style=\"z-index: 15;\">Proposed di<span class=\"_ _2\"></span>vidend for 202<span class=\"ls0 ws0\">2<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y1b48 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Given th<span class=\"_ _2b\"></span>e continued st<span class=\"_ _0\"></span>rong ca<span class=\"_ _0\"></span>pital p<span class=\"lse2 ws103\">osition, th</span><span class=\"wsf0\">e Board of<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>ctors </span></div>\n<div class=\"t m0 x1a h4f y1b49 ff2e0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">proposes <span class=\"_ _2\"></span><span class=\"wsfa\">for approval at <span class=\"_ _2\"></span>the Annual Shareholder<span class=\"_ _2\"></span>s\u2019 Meeting, <span class=\"lse0\">a final </span></span></div>\n<div class=\"t m0 x1a h4f y1b4a ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d of EUR <span class=\"wsef\">1.50 <span class=\"wsfa\">pe<span class=\"_ _0\"></span>r share i<span class=\"_ _0\"></span>n additi<span class=\"_ _0\"></span>on to th<span class=\"_ _0\"></span>e EUR 1.50<span class=\"_ _2b\"></span> interim </span></span></div>\n<div class=\"t m0 x1a h4f y1b4b ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d paid i<span class=\"_ _0\"></span>n Octobe<span class=\"_ _0\"></span>r 2022. T<span class=\"_ _2b\"></span>his brings the t<span class=\"_ _2b\"></span>otal dividend <span class=\"lse2 ws103\">f<span class=\"_ _0\"></span>or 2022<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">to </span></span></span></div>\n<div class=\"t m0 x1a h4f y1b4c ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 3.00 p<span class=\"_ _0\"></span>er share, up 9%<span class=\"_ _0\"></span> compare<span class=\"_ _0\"></span>d to last year, r<span class=\"_ _2b\"></span>epresenting an</div>\n<div class=\"t m0 x1a h4f y1b4d ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of E<span class=\"_ _0\"></span>UR 54<span class=\"ls0 ws0\">1 </span><span class=\"wsfa\">million i<span class=\"_ _0\"></span>n divid<span class=\"_ _0\"></span>end paym<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\">.</span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 335px; height: 335px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 335px; height: 771px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 335px; height: 771px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff2e8 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff2e8 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Return on equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff2e6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas calc<span class=\"_ _2b\"></span>ulates return on e<span class=\"_ _0\"></span>quity by div<span class=\"_ _0\"></span>iding the n<span class=\"_ _0\"></span>et result fo<span class=\"_ _0\"></span>r the period b<span class=\"_ _0\"></span>y the net ave<span class=\"_ _0\"></span>rage equit<span class=\"_ _0\"></span>y at the begi<span class=\"_ _0\"></span>nning an<span class=\"_ _0\"></span>d th<span class=\"lse2 ws103\">e end of the period<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff2e9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a2 h52 y647 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 1018px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y647 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 1018px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5ff ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5ff ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2e6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Return on equity Insurance<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h52 y608 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y608 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 972px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">(excluding unrealised gains &amp; losses)</span> </div>\n<div class=\"t m0 x2a2 h52 y603 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 972px; z-index: 15;\">9.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y603 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 972px; z-index: 15;\">13.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 961px; height: 145px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div class=\"t m0 x7 h6a y1b50 ff2e8 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1b51 ff2e8 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Earnings per share <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b52 ff2e6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble details the calculation<span class=\"_ _2\"></span> of earnings per share.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b53 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 847px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a2 h52 y5f4 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 847px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 847px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y608 ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 630px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h54 y608 ff2ea fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y632 ff2e9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o <span class=\"wsf4\">shareholders<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h54 y632 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 816px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y632 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 816px; z-index: 15;\">845<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5f2 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5f2 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff2e6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Weighted average number of o<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>dinary share<span class=\"_ _0\"></span>s for basic earnings per<span class=\"_ _0\"></span> share (in thousands)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h52 ydd0 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 786px; z-index: 15;\">184,162<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h52 ydd0 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 763px; bottom: 786px; z-index: 15;\">186,765<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2e6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 772px; z-index: 15;\">Adjustments for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h52 y5f9 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5f9 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 757px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">restricted shares (in thousands) ex<span class=\"_ _0\"></span>pected to be awarded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y60e ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 757px; z-index: 15;\">159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 757px; z-index: 15;\">140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2e9 fs3c fc10 sc0 lsee ws101\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Weighted average number of <span class=\"lse4 wsf3\">o<span class=\"_ _2\"></span>rdinary s<span class=\"_ _0\"></span>hares<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 630px; bottom: 742px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 742px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff2e9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 727px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">for dilut<span class=\"_ _2\"></span>ed earnings per share (in thousands)</span> </div>\n<div class=\"t m0 x2cb h54 y5f7 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 727px; z-index: 15;\">184,321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h54 y5f7 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 763px; bottom: 727px; z-index: 15;\">186,905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff2e6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Basic earnings per share (in euro per share)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f7 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 697px; z-index: 15;\">5.49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f7 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 697px; z-index: 15;\">4.52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2e6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Diluted earnings per sh<span class=\"_ _0\"></span>are (in euro per share<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5ff ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 682px; z-index: 15;\">5.48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5ff ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 682px; z-index: 15;\">4.52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b60 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b61 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b62 ff2e6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas shares<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">relat<span class=\"_ _2b\"></span>ed to <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>FRE<span class=\"_ _0\"></span>SH, as they<span class=\"_ _0\"></span> are not enti<span class=\"_ _0\"></span>tled to divi<span class=\"_ _0\"></span>dend </span></div>\n<div class=\"t m0 x7 h4f y1b63 ff2e6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">nor do th<span class=\"_ _0\"></span>ey have v<span class=\"_ _2b\"></span>oting rights, w<span class=\"_ _2b\"></span>ere excluded f<span class=\"_ _2b\"></span>rom the calcul<span class=\"_ _0\"></span>ation of</div>\n<div class=\"t m0 x7 h4f y1b64 ff2e6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">basic earnin<span class=\"_ _2\"></span>gs per share.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b65 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1b66 ff2e6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas sha<span class=\"_ _2b\"></span>res issued in relati<span class=\"_ _0\"></span>on to CASHE<span class=\"_ _2b\"></span>S are included in the or<span class=\"_ _0\"></span>dinary</div>\n<div class=\"t m0 x1a h4f y1b67 ff2e6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares alt<span class=\"_ _2\"></span>hough they are <span class=\"lse0\">not entitled t<span class=\"_ _2b\"></span>o dividend no<span class=\"_ _0\"></span>r do they h<span class=\"_ _2b\"></span>ave voting </span></div>\n<div class=\"t m0 x1a h4f y1b68 ff2e6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">rights.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 577px; height: 358px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 4%; bottom: 577px; height: 529px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag460": {
   "value": "\n<div class=\"t m0 x14d h52 y1550 ff2cd fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 816px; z-index: 15;\">Share capital<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xf5 h52 y1550 ff2cd fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2cd fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 xf5 h52 y608 ff2cd fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2cd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Ordinary shares<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h52 y5f4 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 786px; z-index: 15;\">1,502<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2cd fs3c fc14 sc0 lsed wsf7\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Share pre<span class=\"_ _0\"></span>mium reserv<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h52 y5f9 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 771px; z-index: 15;\">2,051<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2cd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Other reserves<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h52 y60e ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 756px; z-index: 15;\">3,752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2cd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Currency translation reserve<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe8 h52 y5f9 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 741px; z-index: 15;\">60<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2cd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o <span class=\"wsf4\">shareholders<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x248 h52 y5f7 ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 727px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2cd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 712px; z-index: 15;\">Unrealised gains and l<span class=\"_ _0\"></span>osses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1df h52 y5fc ff2cd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 712px; z-index: 15;\">(794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2d0 fs3c fc10 sc0 lsee ws15e\" style=\"left: 324px; bottom: 697px; z-index: 15;\">Shareholders' equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x248 h54 y601 ff2d0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 772px; bottom: 697px; z-index: 15;\">7,582<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 323px; bottom: 687px; height: 139px; width: 475px; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y1af2 ff2d7 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1af3 ff2d7 fs46 fcf sc0 ls112 ws133\" style=\"z-index: 15;\">Currency translation reserve</div>\n<div class=\"t m0 x7 h4f y1af4 ff2d4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The curre<span class=\"_ _2b\"></span>ncy translation res<span class=\"_ _2b\"></span>erve is a separate c<span class=\"_ _0\"></span>omponent<span class=\"_ _0\"></span> of</div>\n<div class=\"t m0 x7 h4f y1af5 ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>olders\u2019 <span class=\"_ _0\"></span>equity<span class=\"_ _0\"></span> in which t<span class=\"_ _2b\"></span>he <span class=\"wsf0\">exchange diff<span class=\"_ _2b\"></span>erences arisi<span class=\"_ _0\"></span>ng from </span></div>\n<div class=\"t m0 x7 h4f y1af6 ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transl<span class=\"_ _0\"></span>ation of t<span class=\"_ _0\"></span>he res<span class=\"_ _0\"></span>ults an<span class=\"_ _0\"></span>d financi<span class=\"_ _2b\"></span>al positions of f<span class=\"_ _2b\"></span>oreign operat<span class=\"_ _2b\"></span>ions</div>\n<div class=\"t m0 x7 h4f y1af7 ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">that ar<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e Ageas C<span class=\"_ _2b\"></span>onsolidated F<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al State<span class=\"_ _0\"></span>ments <span class=\"_ _0\"></span>are</div>\n<div class=\"t m0 x7 h4f y1af8 ff2d4 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">reported.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1af9 ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1afa ff2d4 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas d<span class=\"_ _0\"></span>oes not h<span class=\"_ _2b\"></span>edge net invest<span class=\"_ _2b\"></span>ments in operat<span class=\"_ _2b\"></span>ions that do n<span class=\"_ _0\"></span>ot have</div>\n<div class=\"t m0 x1a h4f y1afb ff2d4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"lse2 ws103\">uro as their<span class=\"_ _2\"></span> functional currency unless<span class=\"_ _2\"></span> the impact of potential<span class=\"_ _2\"></span> foreign </span></div>\n<div class=\"t m0 x1a h4f y1afc ff2d4 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">exchang<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>mov<span class=\"_ _0\"></span>ements is c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed beyon<span class=\"_ _0\"></span>d Ageas\u2019s Ri<span class=\"_ _0\"></span>sk Appeti<span class=\"_ _0\"></span>te.<span class=\"ls0 ws0\">  </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 313px; height: 146px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff2dc fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff2dc fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Unrealised gains <span class=\"_ _2\"></span>and losses included in <span class=\"_ _2\"></span>shareholders\u2019 equity <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff2da fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The table below<span class=\"_ _2\"></span> sho<span class=\"wsfa\">ws the unrealised <span class=\"_ _2\"></span>gains and losses<span class=\"_ _2\"></span> included in sh<span class=\"_ _2\"></span>areholders\u2019 equity<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 973px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 336px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f1 h52 y603 ff2da fs3c fc10 sc0 ls109 ws12c\" style=\"left: 300px; bottom: 1003px; z-index: 15;\">Available<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y608 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 307px; bottom: 988px; z-index: 15;\">for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 288px; bottom: 973px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 426px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x153 h52 y603 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 368px; bottom: 1003px; z-index: 15;\">Reclassified to<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y608 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 365px; bottom: 988px; z-index: 15;\">held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 973px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f4 h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 527px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h52 y603 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 470px; bottom: 1003px; z-index: 15;\">Revaluation of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y608 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 467px; bottom: 988px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5f4 ff2da fs3c fc10 sc0 lsec ws100\" style=\"left: 473px; bottom: 973px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 617px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y608 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 578px; bottom: 988px; z-index: 15;\">Cash flow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 588px; bottom: 973px; z-index: 15;\">hedges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 706px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y608 ff2da fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 688px; bottom: 988px; z-index: 15;\">DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5f4 ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 973px; z-index: 15;\">component<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2da fs3c fc10 sc0 lse7 ws109\" style=\"left: 775px; bottom: 973px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff2dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f2 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2da fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 943px; z-index: 15;\">(2,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 943px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 943px; z-index: 15;\">643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 943px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 943px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 943px; z-index: 15;\">(2,214)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 928px; z-index: 15;\">789<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 928px; z-index: 15;\">8</div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 928px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 928px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 928px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 928px; z-index: 15;\">790<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2da fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 913px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 913px; z-index: 15;\">281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 913px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 913px; z-index: 15;\">281<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 898px; z-index: 15;\">(70)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 898px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 898px; z-index: 15;\">(70)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 883px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 883px; z-index: 15;\">435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 883px; z-index: 15;\">9</div>\n<div class=\"t m0 xbf h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 883px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 883px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y60e ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 883px; z-index: 15;\">419<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Discretionary participation feature (DPF)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 y70b ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 320px; bottom: 869px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x37e h52 y70b ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 869px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y70b ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 869px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2de fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 854px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 854px; z-index: 15;\">(1,506)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 854px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 854px; z-index: 15;\">632<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 854px; z-index: 15;\">83<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 854px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 854px; z-index: 15;\">(794)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y5f9 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 838px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 ydd0 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 779px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff2da fs3c fc10 sc0 ls109 ws12c\" style=\"left: 300px; bottom: 808px; z-index: 15;\">Available<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y647 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 307px; bottom: 793px; z-index: 15;\">for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 288px; bottom: 779px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5fc ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 368px; bottom: 808px; z-index: 15;\">Reclassified to<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11d h52 y647 ff2da fs3c fc10 sc0 lse4 wsf6\" style=\"left: 365px; bottom: 793px; z-index: 15;\">held to maturity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 379px; bottom: 779px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 470px; bottom: 808px; z-index: 15;\">Revaluation of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y647 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 467px; bottom: 793px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y5ff ff2da fs3c fc10 sc0 lsec ws100\" style=\"left: 473px; bottom: 779px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5fc ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 617px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x19d h52 y647 ff2da fs3c fc10 sc0 lse4 wsf3\" style=\"left: 578px; bottom: 793px; z-index: 15;\">Cash flow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 588px; bottom: 779px; z-index: 15;\">hedges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5fc ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 706px; bottom: 808px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y647 ff2da fs3c fc10 sc0 lsf0 wsf8\" style=\"left: 688px; bottom: 793px; z-index: 15;\">DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x220 h52 y5ff ff2da fs3c fc10 sc0 lse4 wsf4\" style=\"left: 662px; bottom: 779px; z-index: 15;\">component<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2da fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 793px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5ff ff2da fs3c fc10 sc0 lse7 ws109\" style=\"left: 775px; bottom: 779px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2dd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 336px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x43 h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y601 ff2de fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 763px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2da fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 748px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 748px; z-index: 15;\">7,538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 748px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 748px; z-index: 15;\">1,133<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 613px; bottom: 748px; z-index: 15;\">5</div>\n<div class=\"t m0 x5d h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 748px; z-index: 15;\"> </div>\n<div class=\"t m0 x15f h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 748px; z-index: 15;\">8,645<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 733px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y605 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 733px; z-index: 15;\">(1,720)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 733px; z-index: 15;\">8</div>\n<div class=\"t m0 x1f4 h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 733px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 733px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y605 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 733px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 733px; z-index: 15;\">(1,712)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2da fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 718px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 308px; bottom: 718px; z-index: 15;\">(3,007)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 718px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 718px; z-index: 15;\">(3,007)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 704px; z-index: 15;\">Related tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 322px; bottom: 704px; z-index: 15;\">770<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 704px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 704px; z-index: 15;\">770<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 689px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">controlling interests<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x15d h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 316px; bottom: 689px; z-index: 15;\">(875)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 422px; bottom: 689px; z-index: 15;\">9</div>\n<div class=\"t m0 x2b3 h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 689px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 613px; bottom: 689px; z-index: 15;\">3</div>\n<div class=\"t m0 x5d h52 y5f4 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 706px; bottom: 689px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 689px; z-index: 15;\">(849)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2da fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 674px; z-index: 15;\">Discretionary participation feature (DPF)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 327px; bottom: 674px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x43 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 426px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f4 h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 527px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 617px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y638 ff2da fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 674px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y638 ff2da fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 674px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff2de fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 659px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 315px; bottom: 659px; z-index: 15;\">2,721<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 659px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 659px; z-index: 15;\">1,147<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y60e ff2de fs3c fc10 sc0 ls0 ws0\" style=\"left: 613px; bottom: 659px; z-index: 15;\">8</div>\n<div class=\"t m0 x48 h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 659px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y60e ff2de fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 659px; z-index: 15;\">3,847<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b0f ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b10 ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b11 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Changes i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the fai<span class=\"_ _2b\"></span>r value of derivativ<span class=\"_ _2b\"></span>es that are designat<span class=\"_ _2b\"></span>ed and qualify</div>\n<div class=\"t m0 x7 h4f y1b12 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">as a cash<span class=\"ls0 ws0\">-</span>flow h<span class=\"_ _0\"></span>edge are rec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d as an unrea<span class=\"_ _0\"></span>lised gai<span class=\"_ _0\"></span>n or loss in</div>\n<div class=\"t m0 x7 h4f y1b13 ff2da fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shareholder<span class=\"_ _2\"></span>s\u2019 equity. Any hedge<span class=\"_ _2\"></span> ineffectiveness i<span class=\"_ _2\"></span>s immediately</div>\n<div class=\"t m0 x7 h4f y1b14 ff2da fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">recogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he incom<span class=\"_ _0\"></span>e statem<span class=\"_ _2b\"></span>ent. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b15 ff2da fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b16 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas ent<span class=\"_ _2b\"></span>ers into insuranc<span class=\"_ _0\"></span>e contracts<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>that<span class=\"_ _0\"></span> feature n<span class=\"_ _0\"></span>ot only a guara<span class=\"_ _2b\"></span>nteed</div>\n<div class=\"t m0 x7 h4f y1b17 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">part but als<span class=\"_ _2b\"></span>o other benefits,<span class=\"_ _0\"></span> of which the amo<span class=\"_ _2b\"></span>unts and the timing of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1b18 ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">declarat<span class=\"_ _2b\"></span>ion and payment are s<span class=\"_ _0\"></span>olely at th<span class=\"_ _0\"></span>e discreti<span class=\"_ _2b\"></span>on of Ageas.</div>\n<div class=\"t m0 x1a h4f y1b19 ff2da fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Depending on<span class=\"_ _2\"></span> the cont<span class=\"ws103\">ractual<span class=\"_ _2\"></span> and statutory terms and condition<span class=\"_ _2\"></span>s, </span></div>\n<div class=\"t m0 x1a h4f y1b1a ff2da fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">unrealised chan<span class=\"_ _2\"></span>ges in the fair value of the as<span class=\"_ _2\"></span>set mix related to such</div>\n<div class=\"t m0 x1a h4f y1b1b ff2da fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">contracts are,<span class=\"_ _2\"></span> after the application of shadow<span class=\"_ _2\"></span> accounting, reported in<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1b1c ff2da fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>olders\u2019 eq<span class=\"_ _0\"></span>uity und<span class=\"_ _0\"></span>er separ<span class=\"_ _0\"></span>ate discret<span class=\"_ _2b\"></span>ionary participat<span class=\"_ _2b\"></span>ion feature<span class=\"lse1\">s </span></div>\n<div class=\"t m0 x1a h4f y1b1d ff2da fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">(DPF) a<span class=\"_ _0\"></span>nd in un<span class=\"_ _0\"></span>realise<span class=\"_ _0\"></span>d gains a<span class=\"_ _0\"></span>nd losses<span class=\"_ _0\"></span> relat<span class=\"_ _0\"></span>ed to avai<span class=\"_ _2b\"></span>lable for sale</div>\n<div class=\"t m0 x1a h4f y1b1e ff2da fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">investm<span class=\"_ _2b\"></span>ents.</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 507px; height: 599px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h4f y802 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The table <span class=\"_ _2\"></span>below shows changes<span class=\"_ _2\"></span> in gross unrea<span class=\"_ _2\"></span>lised gains and los<span class=\"_ _2\"></span>ses included in s<span class=\"_ _2\"></span>hareholders\u2019 equity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5ff ff2e0 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 403px; bottom: 1065px; z-index: 15;\">Available<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 410px; bottom: 1050px; z-index: 15;\">for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff2e0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 391px; bottom: 1035px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff2e0 fs3c fc10 sc0 ls109 ws125\" style=\"left: 472px; bottom: 1065px; z-index: 15;\">Reclassified to<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 469px; bottom: 1050px; z-index: 15;\">held to <span class=\"lse7 ws109\">maturi<span class=\"_ _0\"></span>ty<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x31c h52 y603 ff2e0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 1035px; z-index: 15;\">investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff2e0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 562px; bottom: 1065px; z-index: 15;\">Revaluation of<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 559px; bottom: 1050px; z-index: 15;\">associates and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff2e0 fs3c fc10 sc0 lsec ws100\" style=\"left: 566px; bottom: 1035px; z-index: 15;\">join<span class=\"_ _2\"></span>t ventures<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y601 ff2e0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 668px; bottom: 1050px; z-index: 15;\">Cash flow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff2e0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 678px; bottom: 1035px; z-index: 15;\">hedges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y603 ff2e0 fs3c fc10 sc0 lse7 ws109\" style=\"left: 777px; bottom: 1035px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e0 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 439px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 529px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 619px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 707px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h54 y608 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 1020px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Gross unrealised gains (<span class=\"_ _0\"></span>losses) as at 1 Ja<span class=\"_ _0\"></span>nuary 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 1005px; z-index: 15;\">9,899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 1005px; z-index: 15;\">(33)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 1005px; z-index: 15;\">1,300<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 1005px; z-index: 15;\">(22)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x161 h54 y603 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 769px; bottom: 1005px; z-index: 15;\">11,144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Changes in unrealised <span class=\"_ _0\"></span>gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 990px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">during the year</span> </div>\n<div class=\"t m0 x160 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 975px; z-index: 15;\">(2,175)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 975px; z-index: 15;\">(158)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 698px; bottom: 975px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 975px; z-index: 15;\">(2,304)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Reversal unrealised (gains) lo<span class=\"_ _0\"></span>sses because of sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 960px; z-index: 15;\">(182)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x15f h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 960px; z-index: 15;\">(182)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 945px; z-index: 15;\">Reversal unrealised losses<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 945px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">because of impairments</span> </div>\n<div class=\"t m0 x146 h52 y5f9 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 428px; bottom: 931px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f9 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 931px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f9 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 931px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Acquisition and divestments o<span class=\"_ _2b\"></span>f<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y60e ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 916px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 901px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity accounted investments</span> </div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 901px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 901px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 901px; z-index: 15;\">(9)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 886px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 525px; bottom: 886px; z-index: 15;\">2</div>\n<div class=\"t m0 x5d h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 886px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y5f7 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 886px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 428px; bottom: 871px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y656 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 871px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 696px; bottom: 871px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y656 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 871px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Gross unrealised gains (<span class=\"_ _0\"></span>losses) as at 31 D<span class=\"_ _0\"></span>ecember 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 418px; bottom: 856px; z-index: 15;\">7,538<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 856px; z-index: 15;\">(31)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15f h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 856px; z-index: 15;\">1,133<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y601 ff2e2 fs3c fc10 sc0 ls0 ws0\" style=\"left: 703px; bottom: 856px; z-index: 15;\">5</div>\n<div class=\"t m0 x15e h54 y601 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 856px; z-index: 15;\">8,645<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 842px; z-index: 15;\">Changes in unrealised <span class=\"_ _0\"></span>gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5ff ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 827px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">during the year</span> </div>\n<div class=\"t m0 x162 h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 405px; bottom: 827px; z-index: 15;\">(10,144)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y647 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 827px; z-index: 15;\">(489)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 827px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 763px; bottom: 827px; z-index: 15;\">(10,441)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 812px; z-index: 15;\">Reversal unrealised (gains) lo<span class=\"_ _0\"></span>sses because of sales<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15d h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 419px; bottom: 812px; z-index: 15;\">(309)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 812px; z-index: 15;\"> </div>\n<div class=\"t m0 x15f h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 812px; z-index: 15;\">(309)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 797px; z-index: 15;\">Reversal unrealised losses<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y608 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 797px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 782px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">because of impairments</span> </div>\n<div class=\"t m0 x48 h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 423px; bottom: 782px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y603 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 782px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y603 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 782px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 767px; z-index: 15;\">Acquisition and divestments o<span class=\"_ _2b\"></span>f<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 752px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">equity accounted investments</span> </div>\n<div class=\"t m0 x48 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 423px; bottom: 752px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 752px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 752px; z-index: 15;\"> </div>\n<div class=\"t m0 x15a h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 752px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 738px; z-index: 15;\">Amortisation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 439px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 525px; bottom: 738px; z-index: 15;\">1</div>\n<div class=\"t m0 x5d h52 y5f2 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 738px; z-index: 15;\"> </div>\n<div class=\"t m0 x48 h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 738px; z-index: 15;\">(93)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x15a h52 y5f2 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 738px; z-index: 15;\">(92)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 723px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x37e h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 430px; bottom: 723px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 529px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f4 ff2e0 fs3c fc14 sc0 ls0 ws0\" style=\"left: 707px; bottom: 723px; z-index: 15;\"> </div>\n<div class=\"t m0 x67 h52 y5f4 ff2e0 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 723px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Gross unrealised gains (<span class=\"_ _0\"></span>losses) as at 31 D<span class=\"_ _0\"></span>ecember 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 410px; bottom: 708px; z-index: 15;\">(2,931)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 708px; z-index: 15;\">(30)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 605px; bottom: 708px; z-index: 15;\">643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 693px; bottom: 708px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f9 ff2e2 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 708px; z-index: 15;\">(2,214)<span class=\"ls0 ws0\"> </span></div>\n\n<div class=\"t m0 x7 h6a y1b29 ff2e3 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.6<span class=\"ls0 ws0\"> <span class=\"_ _46\"> </span></span>Dividend capacity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b2a ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The com<span class=\"_ _0\"></span>panies c<span class=\"_ _0\"></span>omprisi<span class=\"_ _2b\"></span>ng Ageas are sub<span class=\"_ _2b\"></span>ject to legal r<span class=\"_ _2b\"></span>estrictions</div>\n<div class=\"t m0 x7 h4f y1b2b ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">regarding the amou<span class=\"_ _2\"></span>nt of dividend they may pay to<span class=\"_ _2\"></span> their shareholders. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b2c ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b2d ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under the B<span class=\"_ _2\"></span>elgian Company Code<span class=\"_ _2\"></span>, 5% of a company<span class=\"_ _2\"></span>\u2019s annual net pro<span class=\"_ _2\"></span>fit</div>\n<div class=\"t m0 x7 h4f y1b2e ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">must be <span class=\"_ _0\"></span>placed i<span class=\"_ _0\"></span>n a legal <span class=\"_ _2b\"></span>reserve fund u<span class=\"_ _0\"></span>ntil th<span class=\"_ _0\"></span>is fu<span class=\"wsf0\">nd r<span class=\"_ _0\"></span>eaches 10% of<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x7 h4f y1b2f ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">share capit<span class=\"_ _2b\"></span>al. No dividends m<span class=\"_ _2b\"></span>ay be paid if the value of t<span class=\"_ _0\"></span>he company<span class=\"_ _0\"></span>\u2019s</div>\n<div class=\"t m0 x7 h4f y1b30 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">net asset<span class=\"_ _2b\"></span>s falls below,<span class=\"_ _0\"></span> or fol<span class=\"_ _0\"></span>lowing p<span class=\"_ _0\"></span>ayment of<span class=\"_ _0\"></span> a divi<span class=\"_ _0\"></span>dend wo<span class=\"_ _0\"></span>uld fall</div>\n<div class=\"t m0 x7 h4f y1b31 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">below, t<span class=\"_ _0\"></span>he sum of<span class=\"_ _0\"></span> its pai<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">up capital and non</span>-<span class=\"lse2 ws103\">di<span class=\"_ _2\"></span>stributable reserves.</span> </span></div>\n<div class=\"t m0 x7 h4f y1b32 ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b33 ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries and <span class=\"lse1\">a<span class=\"_ _0\"></span>ssoci<span class=\"lse2 wsf1\">ates<span class=\"ls0 ws0\"> </span></span><span class=\"lse0\">are also subject<span class=\"_ _0\"></span> to dividen<span class=\"_ _2b\"></span>d restrictions </span></span></div>\n<div class=\"t m0 x7 h4f y1b34 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">arising <span class=\"_ _2\"></span>from minimum capital a<span class=\"_ _2\"></span>nd solvency require<span class=\"_ _2\"></span>ments imposed by<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y1b35 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ors in t<span class=\"_ _0\"></span>he count<span class=\"_ _2b\"></span>ries in which <span class=\"lse2 wsf1\">they<span class=\"ls0 ws0\"> </span><span class=\"ws103\">operate and from share<span class=\"_ _2\"></span>holder </span></span></div>\n<div class=\"t m0 x7 h4f y1b36 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">agreem<span class=\"_ _0\"></span>ents wit<span class=\"_ _2b\"></span>h the partners i<span class=\"_ _0\"></span>n the com<span class=\"_ _0\"></span>pany. I<span class=\"_ _0\"></span>n certai<span class=\"_ _0\"></span>n situat<span class=\"_ _0\"></span>ions</div>\n<div class=\"t m0 x7 h4f y1b37 ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consensus between<span class=\"_ _2\"></span> the shareholders is require<span class=\"_ _2\"></span>d before dividend is</div>\n<div class=\"t m0 x7 h4f y1b38 ff2e0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b39 ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b3a ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In addition<span class=\"_ _2\"></span>, shareholder agreem<span class=\"_ _2\"></span>ents (related to<span class=\"_ _2\"></span> parties having a<span class=\"_ _2\"></span> non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1b3b ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">controlling<span class=\"_ _2\"></span> i<span class=\"lse0 wsf0\">nter<span class=\"_ _2b\"></span>est in Ageas subsidi<span class=\"_ _2b\"></span>aries) may include:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1b3c ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse1 wsf0\">speci<span class=\"_ _2\"></span>fic <span class=\"lse0 wsef\">artic<span class=\"_ _2b\"></span>les<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">on voting rights<span class=\"_ _0\"></span> or dividen<span class=\"_ _0\"></span>d distrib<span class=\"_ _0\"></span>ution;<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1b3d ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lsfb wsfa\">l<span class=\"_ _2\"></span>ock</span><span class=\"ff2e0\">-<span class=\"lse2 ws103\">up peri<span class=\"_ _2\"></span>ods during which all parties<span class=\"_ _2\"></span> having shares are not </span></span></span></div>\n<div class=\"t m0 x25a h4f y1b3e ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowed t<span class=\"_ _0\"></span>o sell shar<span class=\"_ _2b\"></span>es before a certain<span class=\"_ _0\"></span> period or with<span class=\"_ _2b\"></span>out the prior</div>\n<div class=\"t m0 x25a h4f y1b3f ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">approv<span class=\"_ _0\"></span>al of the <span class=\"lse2 wsfa\">other parties i<span class=\"_ _2\"></span>nvolved;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1b40 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse0 wsfa\">options to sel<span class=\"_ _0\"></span>l or resel<span class=\"_ _2b\"></span>l shares to th<span class=\"_ _0\"></span>e other p<span class=\"_ _0\"></span>arty (part<span class=\"_ _2b\"></span>ies) involv<span class=\"_ _0\"></span>ed in </span></span></div>\n<div class=\"t m0 x25a h4f y1b41 ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the shareholder<span class=\"_ _2\"></span>s agreement including the und<span class=\"_ _2\"></span>erlying calculation</div>\n<div class=\"t m0 x25a h4f y1b42 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy to value t<span class=\"_ _0\"></span>he shar<span class=\"_ _0\"></span>es;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b43 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse2 wsf1\">e<span class=\"_ _2\"></span>arn</span><span class=\"ff2e0\">-<span class=\"lse2 ws103\">out mechanisms<span class=\"_ _2\"></span> which allow the party original<span class=\"_ _2\"></span>ly selling <span class=\"wsf1\">the </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y1b44 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares to<span class=\"_ _2\"></span> additional revenues<span class=\"_ _2\"></span> when certain obje<span class=\"_ _2\"></span>ctives are realised;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b45 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse2 wsfa\">e<span class=\"_ _2\"></span>xclusivity clauses o<span class=\"_ _2\"></span>r non</span><span class=\"ff2e0\">-<span class=\"lse0 wsfa\">competiti<span class=\"_ _2b\"></span>on clauses rel<span class=\"_ _0\"></span>ated to <span class=\"_ _0\"></span>the sales<span class=\"_ _0\"></span> </span></span></span></div>\n<div class=\"t m0 x25a h4f y1b46 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of insuran<span class=\"_ _2\"></span>ce products.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b47 ff2e0 fs3a fc29 sc0 lse2 wsfa\" style=\"z-index: 15;\">Proposed di<span class=\"_ _2\"></span>vidend for 202<span class=\"ls0 ws0\">2<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y1b48 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Given th<span class=\"_ _2b\"></span>e continued st<span class=\"_ _0\"></span>rong ca<span class=\"_ _0\"></span>pital p<span class=\"lse2 ws103\">osition, th</span><span class=\"wsf0\">e Board of<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>ctors </span></div>\n<div class=\"t m0 x1a h4f y1b49 ff2e0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">proposes <span class=\"_ _2\"></span><span class=\"wsfa\">for approval at <span class=\"_ _2\"></span>the Annual Shareholder<span class=\"_ _2\"></span>s\u2019 Meeting, <span class=\"lse0\">a final </span></span></div>\n<div class=\"t m0 x1a h4f y1b4a ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d of EUR <span class=\"wsef\">1.50 <span class=\"wsfa\">pe<span class=\"_ _0\"></span>r share i<span class=\"_ _0\"></span>n additi<span class=\"_ _0\"></span>on to th<span class=\"_ _0\"></span>e EUR 1.50<span class=\"_ _2b\"></span> interim </span></span></div>\n<div class=\"t m0 x1a h4f y1b4b ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d paid i<span class=\"_ _0\"></span>n Octobe<span class=\"_ _0\"></span>r 2022. T<span class=\"_ _2b\"></span>his brings the t<span class=\"_ _2b\"></span>otal dividend <span class=\"lse2 ws103\">f<span class=\"_ _0\"></span>or 2022<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">to </span></span></span></div>\n<div class=\"t m0 x1a h4f y1b4c ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 3.00 p<span class=\"_ _0\"></span>er share, up 9%<span class=\"_ _0\"></span> compare<span class=\"_ _0\"></span>d to last year, r<span class=\"_ _2b\"></span>epresenting an</div>\n<div class=\"t m0 x1a h4f y1b4d ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of E<span class=\"_ _0\"></span>UR 54<span class=\"ls0 ws0\">1 </span><span class=\"wsfa\">million i<span class=\"_ _0\"></span>n divid<span class=\"_ _0\"></span>end paym<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\">.</span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 335px; height: 335px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 335px; height: 771px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff2e8 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff2e8 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Return on equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff2e6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas calc<span class=\"_ _2b\"></span>ulates return on e<span class=\"_ _0\"></span>quity by div<span class=\"_ _0\"></span>iding the n<span class=\"_ _0\"></span>et result fo<span class=\"_ _0\"></span>r the period b<span class=\"_ _0\"></span>y the net ave<span class=\"_ _0\"></span>rage equit<span class=\"_ _0\"></span>y at the begi<span class=\"_ _0\"></span>nning an<span class=\"_ _0\"></span>d th<span class=\"lse2 ws103\">e end of the period<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff2e9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a2 h52 y647 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 1018px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y647 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 1018px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5ff ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5ff ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2e6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Return on equity Insurance<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h52 y608 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y608 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 987px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 972px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">(excluding unrealised gains &amp; losses)</span> </div>\n<div class=\"t m0 x2a2 h52 y603 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 972px; z-index: 15;\">9.8%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x126 h52 y603 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 770px; bottom: 972px; z-index: 15;\">13.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 961px; height: 145px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag463": {
   "value": "\n<div class=\"t m0 x26 h4f y1ad7 ff2cd fs3a fc10 sc0 lse2 wsfa\" style=\"z-index: 15;\">Treasury shar<span class=\"_ _2\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1ad8 ff2cd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Treasury shar<span class=\"_ _2\"></span>es are issued o<span class=\"_ _2\"></span>rdinary shares <span class=\"_ _2\"></span>that have been bough<span class=\"_ _2\"></span>t back by Ageas.<span class=\"_ _2\"></span> The shares are<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x26 h4f y1ad9 ff2cd fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">deducted from<span class=\"_ _2\"></span> shareholders\u2019 eq<span class=\"_ _2\"></span>uity and reported <span class=\"_ _2\"></span>in other reserve<span class=\"_ _2\"></span>s<span class=\"lsf4 ws10c\">. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y1ada ff2cd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1adb ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The total nu<span class=\"_ _0\"></span>mber of<span class=\"_ _0\"></span> treasury sh<span class=\"_ _0\"></span>ares (<span class=\"ls0 ws0\">6.1 </span><span class=\"wsfa\">million) cons<span class=\"_ _0\"></span>ists of s<span class=\"_ _2b\"></span>hares held fo<span class=\"_ _0\"></span><span class=\"lse2 ws103\">r the FRESH (1.2 mi<span class=\"_ _2\"></span>llion<span class=\"lsf4 ws10c\">, </span></span></span></div>\n<div class=\"t m0 x26 h4f y1adc ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">see note 20.<span class=\"_ _0\"></span>1<span class=\"ls0 ws0\">)<span class=\"lse2 ws103\">, shares under<span class=\"_ _2\"></span>lying repurchased FRESH securi<span class=\"_ _2\"></span>ties (2.8 million</span></span><span class=\"wsfa\">, see note <span class=\"_ _0\"></span>20.1<span class=\"ls0 ws0\">) </span>and the </span></div>\n<div class=\"t m0 x26 h4f y1add ff2cd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">remaini<span class=\"_ _0\"></span>ng shar<span class=\"_ _0\"></span>es result<span class=\"_ _2b\"></span>ing from the s<span class=\"_ _0\"></span>hare buy<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">back prog<span class=\"_ _2\"></span>ramme (</span>2.1<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">millio<span class=\"_ _2b\"></span>n) of which 0.1<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1ade ff2cd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shares are us<span class=\"_ _2b\"></span>ed for the vesting of<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">the restric<span class=\"_ _2\"></span>ted share programme</span>. </span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 294px; height: 130px; width: 488px; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag462": {
   "value": "\n<div class=\"t m0 x7 h6a y1b29 ff2e3 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.6<span class=\"ls0 ws0\"> <span class=\"_ _46\"> </span></span>Dividend capacity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b2a ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The com<span class=\"_ _0\"></span>panies c<span class=\"_ _0\"></span>omprisi<span class=\"_ _2b\"></span>ng Ageas are sub<span class=\"_ _2b\"></span>ject to legal r<span class=\"_ _2b\"></span>estrictions</div>\n<div class=\"t m0 x7 h4f y1b2b ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">regarding the amou<span class=\"_ _2\"></span>nt of dividend they may pay to<span class=\"_ _2\"></span> their shareholders. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b2c ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b2d ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Under the B<span class=\"_ _2\"></span>elgian Company Code<span class=\"_ _2\"></span>, 5% of a company<span class=\"_ _2\"></span>\u2019s annual net pro<span class=\"_ _2\"></span>fit</div>\n<div class=\"t m0 x7 h4f y1b2e ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">must be <span class=\"_ _0\"></span>placed i<span class=\"_ _0\"></span>n a legal <span class=\"_ _2b\"></span>reserve fund u<span class=\"_ _0\"></span>ntil th<span class=\"_ _0\"></span>is fu<span class=\"wsf0\">nd r<span class=\"_ _0\"></span>eaches 10% of<span class=\"_ _0\"></span> the </span></div>\n<div class=\"t m0 x7 h4f y1b2f ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">share capit<span class=\"_ _2b\"></span>al. No dividends m<span class=\"_ _2b\"></span>ay be paid if the value of t<span class=\"_ _0\"></span>he company<span class=\"_ _0\"></span>\u2019s</div>\n<div class=\"t m0 x7 h4f y1b30 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">net asset<span class=\"_ _2b\"></span>s falls below,<span class=\"_ _0\"></span> or fol<span class=\"_ _0\"></span>lowing p<span class=\"_ _0\"></span>ayment of<span class=\"_ _0\"></span> a divi<span class=\"_ _0\"></span>dend wo<span class=\"_ _0\"></span>uld fall</div>\n<div class=\"t m0 x7 h4f y1b31 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">below, t<span class=\"_ _0\"></span>he sum of<span class=\"_ _0\"></span> its pai<span class=\"_ _2b\"></span>d<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse2 ws103\">up capital and non</span>-<span class=\"lse2 ws103\">di<span class=\"_ _2\"></span>stributable reserves.</span> </span></div>\n<div class=\"t m0 x7 h4f y1b32 ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b33 ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries and <span class=\"lse1\">a<span class=\"_ _0\"></span>ssoci<span class=\"lse2 wsf1\">ates<span class=\"ls0 ws0\"> </span></span><span class=\"lse0\">are also subject<span class=\"_ _0\"></span> to dividen<span class=\"_ _2b\"></span>d restrictions </span></span></div>\n<div class=\"t m0 x7 h4f y1b34 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">arising <span class=\"_ _2\"></span>from minimum capital a<span class=\"_ _2\"></span>nd solvency require<span class=\"_ _2\"></span>ments imposed by<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y1b35 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ors in t<span class=\"_ _0\"></span>he count<span class=\"_ _2b\"></span>ries in which <span class=\"lse2 wsf1\">they<span class=\"ls0 ws0\"> </span><span class=\"ws103\">operate and from share<span class=\"_ _2\"></span>holder </span></span></div>\n<div class=\"t m0 x7 h4f y1b36 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">agreem<span class=\"_ _0\"></span>ents wit<span class=\"_ _2b\"></span>h the partners i<span class=\"_ _0\"></span>n the com<span class=\"_ _0\"></span>pany. I<span class=\"_ _0\"></span>n certai<span class=\"_ _0\"></span>n situat<span class=\"_ _0\"></span>ions</div>\n<div class=\"t m0 x7 h4f y1b37 ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">consensus between<span class=\"_ _2\"></span> the shareholders is require<span class=\"_ _2\"></span>d before dividend is</div>\n<div class=\"t m0 x7 h4f y1b38 ff2e0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">declared.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b39 ff2e0 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b3a ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In addition<span class=\"_ _2\"></span>, shareholder agreem<span class=\"_ _2\"></span>ents (related to<span class=\"_ _2\"></span> parties having a<span class=\"_ _2\"></span> non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1b3b ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">controlling<span class=\"_ _2\"></span> i<span class=\"lse0 wsf0\">nter<span class=\"_ _2b\"></span>est in Ageas subsidi<span class=\"_ _2b\"></span>aries) may include:<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1b3c ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse1 wsf0\">speci<span class=\"_ _2\"></span>fic <span class=\"lse0 wsef\">artic<span class=\"_ _2b\"></span>les<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">on voting rights<span class=\"_ _0\"></span> or dividen<span class=\"_ _0\"></span>d distrib<span class=\"_ _0\"></span>ution;<span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1b3d ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lsfb wsfa\">l<span class=\"_ _2\"></span>ock</span><span class=\"ff2e0\">-<span class=\"lse2 ws103\">up peri<span class=\"_ _2\"></span>ods during which all parties<span class=\"_ _2\"></span> having shares are not </span></span></span></div>\n<div class=\"t m0 x25a h4f y1b3e ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">allowed t<span class=\"_ _0\"></span>o sell shar<span class=\"_ _2b\"></span>es before a certain<span class=\"_ _0\"></span> period or with<span class=\"_ _2b\"></span>out the prior</div>\n<div class=\"t m0 x25a h4f y1b3f ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">approv<span class=\"_ _0\"></span>al of the <span class=\"lse2 wsfa\">other parties i<span class=\"_ _2\"></span>nvolved;<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1b40 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse0 wsfa\">options to sel<span class=\"_ _0\"></span>l or resel<span class=\"_ _2b\"></span>l shares to th<span class=\"_ _0\"></span>e other p<span class=\"_ _0\"></span>arty (part<span class=\"_ _2b\"></span>ies) involv<span class=\"_ _0\"></span>ed in </span></span></div>\n<div class=\"t m0 x25a h4f y1b41 ff2e0 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the shareholder<span class=\"_ _2\"></span>s agreement including the und<span class=\"_ _2\"></span>erlying calculation</div>\n<div class=\"t m0 x25a h4f y1b42 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">methodo<span class=\"_ _2b\"></span>logy to value t<span class=\"_ _0\"></span>he shar<span class=\"_ _0\"></span>es;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b43 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse2 wsf1\">e<span class=\"_ _2\"></span>arn</span><span class=\"ff2e0\">-<span class=\"lse2 ws103\">out mechanisms<span class=\"_ _2\"></span> which allow the party original<span class=\"_ _2\"></span>ly selling <span class=\"wsf1\">the </span></span></span></span></div>\n<div class=\"t m0 x25a h4f y1b44 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares to<span class=\"_ _2\"></span> additional revenues<span class=\"_ _2\"></span> when certain obje<span class=\"_ _2\"></span>ctives are realised;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b45 ff2e4 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff2e5\"> <span class=\"_ _46\"> </span><span class=\"ff2e0 lse2 wsfa\">e<span class=\"_ _2\"></span>xclusivity clauses o<span class=\"_ _2\"></span>r non</span><span class=\"ff2e0\">-<span class=\"lse0 wsfa\">competiti<span class=\"_ _2b\"></span>on clauses rel<span class=\"_ _0\"></span>ated to <span class=\"_ _0\"></span>the sales<span class=\"_ _0\"></span> </span></span></span></div>\n<div class=\"t m0 x25a h4f y1b46 ff2e0 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of insuran<span class=\"_ _2\"></span>ce products.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1b47 ff2e0 fs3a fc29 sc0 lse2 wsfa\" style=\"z-index: 15;\">Proposed di<span class=\"_ _2\"></span>vidend for 202<span class=\"ls0 ws0\">2<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y1b48 ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Given th<span class=\"_ _2b\"></span>e continued st<span class=\"_ _0\"></span>rong ca<span class=\"_ _0\"></span>pital p<span class=\"lse2 ws103\">osition, th</span><span class=\"wsf0\">e Board of<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>Dire<span class=\"_ _0\"></span>ctors </span></div>\n<div class=\"t m0 x1a h4f y1b49 ff2e0 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">proposes <span class=\"_ _2\"></span><span class=\"wsfa\">for approval at <span class=\"_ _2\"></span>the Annual Shareholder<span class=\"_ _2\"></span>s\u2019 Meeting, <span class=\"lse0\">a final </span></span></div>\n<div class=\"t m0 x1a h4f y1b4a ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d of EUR <span class=\"wsef\">1.50 <span class=\"wsfa\">pe<span class=\"_ _0\"></span>r share i<span class=\"_ _0\"></span>n additi<span class=\"_ _0\"></span>on to th<span class=\"_ _0\"></span>e EUR 1.50<span class=\"_ _2b\"></span> interim </span></span></div>\n<div class=\"t m0 x1a h4f y1b4b ff2e0 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d paid i<span class=\"_ _0\"></span>n Octobe<span class=\"_ _0\"></span>r 2022. T<span class=\"_ _2b\"></span>his brings the t<span class=\"_ _2b\"></span>otal dividend <span class=\"lse2 ws103\">f<span class=\"_ _0\"></span>or 2022<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">to </span></span></span></div>\n<div class=\"t m0 x1a h4f y1b4c ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 3.00 p<span class=\"_ _0\"></span>er share, up 9%<span class=\"_ _0\"></span> compare<span class=\"_ _0\"></span>d to last year, r<span class=\"_ _2b\"></span>epresenting an</div>\n<div class=\"t m0 x1a h4f y1b4d ff2e0 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amount of E<span class=\"_ _0\"></span>UR 54<span class=\"ls0 ws0\">1 </span><span class=\"wsfa\">million i<span class=\"_ _0\"></span>n divid<span class=\"_ _0\"></span>end paym<span class=\"_ _0\"></span>ent<span class=\"ls0 ws0\">.</span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 335px; height: 335px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Int<span class=\"_ _2b\"></span>e<span class=\"_ _2\"></span>res<span class=\"_ _0\"></span>t, dividend a<span class=\"_ _2\"></span>nd</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">other in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>estme<span class=\"_ _2\"></span>n<span class=\"_ _2b\"></span>t in<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>me</div>\n<div class=\"t m0 x2a3 h54 y1550 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y1550 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff37f fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st inco<span class=\"_ _2b\"></span>me<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff37f fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff37f fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Interest income on cas<span class=\"_ _0\"></span>h &amp; cash equivalents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 786px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5f4 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on loans to b<span class=\"_ _2\"></span>anks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Interest income on investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">1,331<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,355<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on loans to cu<span class=\"_ _2\"></span>stomers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on <span class=\"lse4 wsf3\">derivatives held <span class=\"_ _0\"></span>for trading and other<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 727px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h54 y5fc ff381 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total interest income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,734<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,683<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Dividend income from equity securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 682px; z-index: 15;\">164<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 682px; z-index: 15;\">161<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Rental income from inv<span class=\"_ _0\"></span>estment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 667px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 667px; z-index: 15;\">211<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Rental income from pa<span class=\"_ _0\"></span>rking garage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y180c ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">456<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y180c ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 652px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff37f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff381 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 623px; z-index: 15;\">Total interest, dividend <span class=\"_ _2\"></span>and other investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 623px; z-index: 15;\">2,648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 623px; z-index: 15;\">2,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e69 ff37f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Rental i<span class=\"_ _0\"></span>ncome from<span class=\"_ _0\"></span> car parks in 2<span class=\"_ _0\"></span>021 was adver<span class=\"_ _2b\"></span>sely impacted by th<span class=\"_ _0\"></span>e Covid<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">19 pandemic, <span class=\"lse0\">especially f<span class=\"_ _0\"></span>or airp<span class=\"_ _0\"></span>ort and c<span class=\"_ _2b\"></span>ity <span class=\"wsef\">centre<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">car park<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\">. </span></span></span></span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 565px; height: 396px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1c16 ff37f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c17 ff37f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 565px; height: 396px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 565px; height: 396px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 565px; height: 396px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag464": {
   "value": "3",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "Tag457": {
   "value": "\n<div class=\"t m0 x7 h6a y1b50 ff2e8 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">18.8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1b51 ff2e8 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Earnings per share <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b52 ff2e6 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble details the calculation<span class=\"_ _2\"></span> of earnings per share.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b53 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 847px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a2 h52 y5f4 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 610px; bottom: 847px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a2 h52 y5f4 ff2e6 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 847px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y608 ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 630px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h54 y608 ff2ea fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 831px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y632 ff2e9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 816px; z-index: 15;\">Net result attributable t<span class=\"_ _0\"></span>o <span class=\"wsf4\">shareholders<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h54 y632 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 816px; z-index: 15;\">1,011<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y632 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 816px; z-index: 15;\">845<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5f2 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5f2 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff2e6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Weighted average number of o<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>dinary share<span class=\"_ _0\"></span>s for basic earnings per<span class=\"_ _0\"></span> share (in thousands)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h52 ydd0 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 786px; z-index: 15;\">184,162<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h52 ydd0 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 763px; bottom: 786px; z-index: 15;\">186,765<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2e6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 772px; z-index: 15;\">Adjustments for:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8c h52 y5f9 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5f9 ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 772px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 757px; z-index: 15;\">-  <span class=\"_ _5\"> </span><span class=\"lse4 wsf3\">restricted shares (in thousands) ex<span class=\"_ _0\"></span>pected to be awarded<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y60e ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 757px; z-index: 15;\">159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 757px; z-index: 15;\">140<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff2e9 fs3c fc10 sc0 lsee ws101\" style=\"left: 69px; bottom: 742px; z-index: 15;\">Weighted average number of <span class=\"lse4 wsf3\">o<span class=\"_ _2\"></span>rdinary s<span class=\"_ _0\"></span>hares<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 630px; bottom: 742px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 742px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f7 ff2e9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 727px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsee ws101\">for dilut<span class=\"_ _2\"></span>ed earnings per share (in thousands)</span> </div>\n<div class=\"t m0 x2cb h54 y5f7 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 727px; z-index: 15;\">184,321<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2cb h54 y5f7 ff2e9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 763px; bottom: 727px; z-index: 15;\">186,905<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 630px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8c h52 y5fc ff2e6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff2e6 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Basic earnings per share (in euro per share)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f7 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 697px; z-index: 15;\">5.49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5f7 ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 697px; z-index: 15;\">4.52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2e6 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Diluted earnings per sh<span class=\"_ _0\"></span>are (in euro per share<span class=\"_ _0\"></span>)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5ff ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 682px; z-index: 15;\">5.48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h52 y5ff ff2e6 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 778px; bottom: 682px; z-index: 15;\">4.52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b60 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b61 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b62 ff2e6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas shares<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">relat<span class=\"_ _2b\"></span>ed to <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>FRE<span class=\"_ _0\"></span>SH, as they<span class=\"_ _0\"></span> are not enti<span class=\"_ _0\"></span>tled to divi<span class=\"_ _0\"></span>dend </span></div>\n<div class=\"t m0 x7 h4f y1b63 ff2e6 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">nor do th<span class=\"_ _0\"></span>ey have v<span class=\"_ _2b\"></span>oting rights, w<span class=\"_ _2b\"></span>ere excluded f<span class=\"_ _2b\"></span>rom the calcul<span class=\"_ _0\"></span>ation of</div>\n<div class=\"t m0 x7 h4f y1b64 ff2e6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">basic earnin<span class=\"_ _2\"></span>gs per share.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b65 ff2e6 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1b66 ff2e6 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas sha<span class=\"_ _2b\"></span>res issued in relati<span class=\"_ _0\"></span>on to CASHE<span class=\"_ _2b\"></span>S are included in the or<span class=\"_ _0\"></span>dinary</div>\n<div class=\"t m0 x1a h4f y1b67 ff2e6 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">shares alt<span class=\"_ _2\"></span>hough they are <span class=\"lse0\">not entitled t<span class=\"_ _2b\"></span>o dividend no<span class=\"_ _0\"></span>r do they h<span class=\"_ _2b\"></span>ave voting </span></div>\n<div class=\"t m0 x1a h4f y1b68 ff2e6 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">rights.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 577px; height: 358px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag538": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">liabilit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h6a y1b6e ff2ee fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.1<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y1b6f ff2ee fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Lif<span class=\"_ _2\"></span>e insur<span class=\"_ _2\"></span>ance con<span class=\"_ _2\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25 h52 y605 ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 452px; bottom: 765px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y605 ff2ec fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 765px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff2ec fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 765px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff2ef fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff2ef fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 735px; z-index: 15;\">Liability for future polic<span class=\"_ _0\"></span>yholder benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 735px; z-index: 15;\">25,350<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 735px; z-index: 15;\">26,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ec fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 720px; z-index: 15;\">Reser<span class=\"_ _2\"></span>ve for <span class=\"_ _2\"></span><span class=\"lse4 wsf6\">policyhold<span class=\"_ _0\"></span>er profit sharing<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 720px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 720px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 705px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 705px; z-index: 15;\">(46)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 705px; z-index: 15;\">1,884<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2f0 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 690px; z-index: 15;\">Before<span class=\"_ _2b\"></span> eliminati<span class=\"_ _0\"></span>ons<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f4 ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 690px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f4 ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 690px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 676px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 676px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 676px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2f0 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 661px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 661px; z-index: 15;\">25,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 661px; z-index: 15;\">28,673<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 646px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 646px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 646px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 631px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 631px; z-index: 15;\">25,518<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 631px; z-index: 15;\">28,660<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 620px; height: 154px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1b7a ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b7b ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b7c ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Changes i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the li<span class=\"_ _0\"></span>abiliti<span class=\"_ _2b\"></span>es arising from Life in<span class=\"_ _2b\"></span>surance contra<span class=\"_ _0\"></span>cts (gross<span class=\"_ _0\"></span> of reinsur<span class=\"_ _2b\"></span>ance and before <span class=\"lse2 ws103\">eliminations) are shown belo<span class=\"_ _2\"></span>w.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1b7d ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5fc ff2ec fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 552px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff2ec fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 552px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff2ef fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff2ef fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 522px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 522px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 522px; z-index: 15;\">29,990<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 507px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 507px; z-index: 15;\">(3,080)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2ec fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 492px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 492px; z-index: 15;\">2,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 492px; z-index: 15;\">2,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 477px; z-index: 15;\">Acquisitions of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 477px; z-index: 15;\">1,187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 463px; z-index: 15;\">Time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 463px; z-index: 15;\">547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 463px; z-index: 15;\">601<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 448px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 448px; z-index: 15;\">(1,449)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 448px; z-index: 15;\">(1,783)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 433px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 433px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 433px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 418px; z-index: 15;\">Shadow accounting adjustmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 418px; z-index: 15;\">(1,559)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 418px; z-index: 15;\">(1,350)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 403px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 403px; z-index: 15;\">(118)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 403px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 388px; z-index: 15;\">Other <span class=\"wsf3\">changes, including risk coverage<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 388px; z-index: 15;\">(785)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 388px; z-index: 15;\">(711)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 373px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 373px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 373px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b8b ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b8c ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b8d ff2ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The shadow accoun<span class=\"_ _2\"></span>ting adjustment is a reflection<span class=\"_ _2\"></span> of the unrealised</div>\n<div class=\"t m0 x7 h4f y1b8e ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses on t<span class=\"_ _0\"></span>he investm<span class=\"_ _0\"></span>ent portf<span class=\"_ _2b\"></span>olio. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b8f ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b90 ff2ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The line item<span class=\"_ _2\"></span> \u2018Other changes, including ris<span class=\"_ _2\"></span>k coverage\u2019, mainly rela<span class=\"_ _2\"></span>tes to</div>\n<div class=\"t m0 x7 h4f y1b91 ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce and actu<span class=\"_ _0\"></span>arial risk<span class=\"_ _0\"></span> consumpt<span class=\"_ _2b\"></span>ion regarding <span class=\"lse2 wsfa\">guarantees included </span></div>\n<div class=\"t m0 x7 h4f y1b92 ff2ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the c<span class=\"_ _0\"></span>ontracts,<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e vary to<span class=\"_ _0\"></span>gether w<span class=\"_ _2b\"></span>ith the volumes.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">  </span></div>\n<div class=\"t m0 x7 h4f y1b93 ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1b94 ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse2 wsfa\">he eff<span class=\"_ _2\"></span>ect of changes in<span class=\"_ _2\"></span> assumptions used <span class=\"_ _2\"></span>to measure the li<span class=\"_ _2\"></span>abilities </span></div>\n<div class=\"t m0 x1a h4f y1b95 ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related t<span class=\"_ _0\"></span>o Life insu<span class=\"_ _0\"></span>rance cont<span class=\"_ _2b\"></span>racts was immater<span class=\"_ _2b\"></span>ial in both <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>and<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y1b96 ff2ec fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2021<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 221px; height: 740px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 221px; height: 740px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 221px; height: 740px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 221px; height: 740px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff2f5 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls100 ws11a\">.2<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff2f5 fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Lif<span class=\"_ _2\"></span>e inves<span class=\"_ _2\"></span>tment con<span class=\"_ _2\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y601 ff2f3 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff2f3 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2f6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2f6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Liability for future polic<span class=\"_ _0\"></span>yholder benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1019px; z-index: 15;\">28,356<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">29,256<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Reserve for policyholder profit sharing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1004px; z-index: 15;\">336<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1004px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Shadow <span class=\"lsef ws10a\">acc<span class=\"_ _2\"></span>ounting<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5f2 ff2f3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 989px; z-index: 15;\">8</div>\n<div class=\"t m0 x17 h52 y5f2 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">1,075<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff2f7 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y603 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 974px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y603 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 974px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 963px; height: 95px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1b9e ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b9f ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 927px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y638 ff2f3 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 927px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y638 ff2f3 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 927px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff2f6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff2f6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 897px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 897px; z-index: 15;\">31,629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff2f3 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 882px; z-index: 15;\">1,712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 882px; z-index: 15;\">1,928<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 867px; z-index: 15;\">Time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 867px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 867px; z-index: 15;\">319<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 852px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 852px; z-index: 15;\">(2,034)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 852px; z-index: 15;\">(2,289)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 837px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 837px; z-index: 15;\">(244)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 837px; z-index: 15;\">(255)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 822px; z-index: 15;\">Shadow accounting adjustmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 822px; z-index: 15;\">(1,067)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 822px; z-index: 15;\">(632)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 808px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 808px; z-index: 15;\">(587)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 808px; z-index: 15;\">(83)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 793px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 793px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 793px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1baa ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bab ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bac ff2f3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The shadow accoun<span class=\"_ _2\"></span>ting adjustment is a reflection<span class=\"_ _2\"></span> of the unrealised</div>\n<div class=\"t m0 x7 h4f y1bad ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses in th<span class=\"_ _0\"></span>e investme<span class=\"_ _0\"></span>nt portfol<span class=\"_ _2b\"></span>io. The transfer of li<span class=\"_ _2b\"></span>abilities</div>\n<div class=\"t m0 x7 h4f y1bae ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">mainly rel<span class=\"_ _2b\"></span>ates to internal mov<span class=\"_ _2b\"></span>ements between p<span class=\"_ _2b\"></span>roduct portfoli<span class=\"_ _0\"></span>os. The</div>\n<div class=\"t m0 x7 h4f y1baf ff2f3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">line item \u2018Other<span class=\"_ _2\"></span> changes, including risk cov<span class=\"_ _2\"></span>erage\u2019, mainly relates<span class=\"_ _2\"></span> to</div>\n<div class=\"t m0 x7 h4f y1bb0 ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce and actu<span class=\"_ _0\"></span>arial risk<span class=\"_ _0\"></span> consumpt<span class=\"_ _2b\"></span>ion regarding gua<span class=\"_ _2b\"></span>rantees include<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x7 h4f y1bb1 ff2f3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the c<span class=\"_ _0\"></span>ontracts,<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e vary to<span class=\"_ _0\"></span>gether w<span class=\"_ _2b\"></span>ith the volumes.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bb2 ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1bb3 ff2f3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The effect <span class=\"_ _2\"></span>of changes in a<span class=\"_ _2\"></span>ssumptions used to<span class=\"_ _2\"></span> measure the liabi<span class=\"_ _2\"></span>lities</div>\n<div class=\"t m0 x1a h4f y1bb4 ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related t<span class=\"_ _0\"></span>o Life inve<span class=\"_ _0\"></span>stment<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">cont<span class=\"_ _2b\"></span>racts was immat<span class=\"_ _0\"></span>erial i<span class=\"_ _0\"></span>n <span class=\"wsef\">both <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>and </span></span></span></div>\n<div class=\"t m0 x1a h4f y1bb5 ff2f3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2021<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 640px; height: 466px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 640px; height: 466px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 640px; height: 466px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 640px; height: 466px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff2fb fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.3<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff2fb fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Liabilities <span class=\"_ _2\"></span>related to unit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls126 ws14b\">linked contracts</span> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y601 ff2f9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff2f9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1019px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1019px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1004px; z-index: 15;\">13,751<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1004px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff2fc fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 989px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 989px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 978px; height: 80px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1bc6 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bc7 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bc8 ff2f9 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties related to unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1bc9 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y1550 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 910px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 910px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 880px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 880px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 880px; z-index: 15;\">2,904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 865px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 865px; z-index: 15;\">(1,620)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 850px; z-index: 15;\">196<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 850px; z-index: 15;\">394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Acquisitions of <span class=\"wsf4\">subsidiaries<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 835px; z-index: 15;\">514<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Changes in fair value / time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 821px; z-index: 15;\">(263)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 821px; z-index: 15;\">280<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 806px; z-index: 15;\">(47)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 806px; z-index: 15;\">(204)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 791px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 791px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 791px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 776px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y656 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 776px; z-index: 15;\">(51)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y656 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 761px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 761px; z-index: 15;\">(75)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 761px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 746px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 746px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 746px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bd0 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bd1 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bd2 ff2f9 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties related to unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked invest<span class=\"_ _0\"></span>ment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y1bd3 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y647 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 668px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 668px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 637px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 637px; z-index: 15;\">14,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 622px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 622px; z-index: 15;\">1,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 622px; z-index: 15;\">1,825<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Changes in fair value / time <span class=\"wsf4\">value<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 608px; z-index: 15;\">(2,215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 608px; z-index: 15;\">1,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 593px; z-index: 15;\">(1,063)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 593px; z-index: 15;\">(1,809)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 578px; z-index: 15;\">265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 578px; z-index: 15;\">367<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 563px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 563px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 548px; z-index: 15;\">(115)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 548px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 533px; z-index: 15;\">13,751<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 533px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bde ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bdf ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be0 ff2f9 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">transfer of lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span> mainly ref<span class=\"_ _0\"></span>lects int<span class=\"_ _0\"></span>ernal mov<span class=\"_ _0\"></span>ements bet<span class=\"_ _2b\"></span>ween different<span class=\"_ _0\"></span> product<span class=\"_ _0\"></span> contract<span class=\"_ _2b\"></span>s. The line item \u2018Othe<span class=\"_ _0\"></span>r changes,<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">including <span class=\"_ _2\"></span>risk coverage\u2019, </span></span></span></div>\n<div class=\"t m0 x7 h4f y1be1 ff2f9 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">mainly r<span class=\"_ _2b\"></span>elates to insu<span class=\"_ _0\"></span>rance a<span class=\"_ _0\"></span>nd actua<span class=\"_ _0\"></span>rial risk<span class=\"_ _0\"></span> consum<span class=\"_ _2b\"></span>ption, for com<span class=\"_ _2b\"></span>plementary gu<span class=\"_ _0\"></span>arantee<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ded in t<span class=\"_ _0\"></span>he<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">contracts.</span> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 460px; height: 646px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 460px; height: 646px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 460px; height: 646px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 460px; height: 646px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff301 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls100 ws11a\">.4<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff301 fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Non<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"ls101 ws11b\">life insurance contracts</span> </span></div>\n<div class=\"t m0 x7 h4f y79e ff2ff fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides a<span class=\"_ _0\"></span>n overv<span class=\"_ _0\"></span>iew of t<span class=\"_ _0\"></span>he liabil<span class=\"_ _2b\"></span>ities arising f<span class=\"_ _0\"></span>rom Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life insu<span class=\"_ _0\"></span>rance co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y79f ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1018px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff302 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff302 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Claims reserves<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 987px; z-index: 15;\">7,783<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 987px; z-index: 15;\">7,620<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Unearned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,611<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 972px; z-index: 15;\">1,730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Reserve for policyholder profit sharing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 958px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 958px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 943px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 943px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff303 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Before<span class=\"_ _2b\"></span> eliminati<span class=\"_ _0\"></span>ons<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">9,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 928px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 913px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff303 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 898px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 898px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 883px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 883px; z-index: 15;\">(818)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 883px; z-index: 15;\">(789)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 869px; z-index: 15;\">7,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 869px; z-index: 15;\">7,100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 858px; height: 169px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1be4 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be5 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be6 ff2ff fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Changes in <span class=\"_ _2\"></span>the <span class=\"ws103\">liabilities ari<span class=\"_ _2\"></span>sing from insurance contrac<span class=\"_ _2\"></span>ts for Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life insur<span class=\"_ _2b\"></span>ance contracts (g<span class=\"_ _0\"></span>ross of rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e and before elimin<span class=\"_ _0\"></span>ations) ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>show<span class=\"_ _2b\"></span>n below.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1be7 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y60e ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 790px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y60e ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 790px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff302 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff303 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y63a ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y63a ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 759px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y63a ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 759px; z-index: 15;\">8,744<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 745px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 730px; z-index: 15;\">Addition to liabilities cu<span class=\"_ _0\"></span>rrent year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 730px; z-index: 15;\">3,189<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 730px; z-index: 15;\">3,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Claims paid current ye<span class=\"_ _0\"></span>ar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 715px; z-index: 15;\">(1,488)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 715px; z-index: 15;\">(1,481)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 700px; z-index: 15;\">Change in liabilities curren<span class=\"_ _0\"></span>t year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 700px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 700px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 700px; z-index: 15;\">1,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 700px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 685px; z-index: 15;\">Addition to liabilities pri<span class=\"_ _0\"></span>or years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 685px; z-index: 15;\">(276)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 685px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 685px; z-index: 15;\">(285)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 685px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 670px; z-index: 15;\">Claims paid prior years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 670px; z-index: 15;\">(1,217)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 670px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 670px; z-index: 15;\">(1,066)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 670px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 655px; z-index: 15;\">Change in <span class=\"wsf6\">liabilities prior years<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 655px; z-index: 15;\">(1,493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 655px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 655px; z-index: 15;\">(1,351)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 655px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Change in liabilities (current and<span class=\"_ _2b\"></span> prior years)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 641px; z-index: 15;\">208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 641px; z-index: 15;\">300<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 626px; z-index: 15;\">(44)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 626px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 611px; z-index: 15;\">(108)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 611px; z-index: 15;\">(70)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 596px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 596px; z-index: 15;\">(135)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 596px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 581px; z-index: 15;\">Shadow accounting <span class=\"lsec wsfe\">adjustme<span class=\"_ _2\"></span>nt<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y70b ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 581px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 566px; z-index: 15;\">Other changes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 566px; z-index: 15;\">146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 566px; z-index: 15;\">307<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5fc ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 552px; z-index: 15;\">9,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5fc ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 552px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 541px; height: 565px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 541px; height: 565px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 541px; height: 565px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 541px; height: 565px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div></div>\n<div></div>\n<div></div>\n<div></div>\n<div class=\"t m0 x7 h6a y79c ff307 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.5<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff307 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Insurance Liabilities Adequacy<span class=\"_ _0\"></span> Testing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff305 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tests ca<span class=\"_ _2b\"></span>rried out at <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>year<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"ws103\">end have confirmed tha<span class=\"_ _2\"></span>t the reported <span class=\"wsfa\">insurance l<span class=\"_ _2\"></span>iabilities are<span class=\"_ _2\"></span> adequate.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1bfd ff305 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Overvie<span class=\"_ _2b\"></span>w <span class=\"_ _2\"></span>of ins<span class=\"_ _2b\"></span>urance liabiliti<span class=\"_ _2b\"></span>es by operating se<span class=\"_ _0\"></span>gment <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f5 ff305 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es an ove<span class=\"_ _0\"></span>rview of<span class=\"_ _0\"></span> the lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es by ope<span class=\"_ _0\"></span>rating s<span class=\"_ _2b\"></span>egment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f6 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 xe6 h52 y5ff ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 571px; bottom: 970px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x1f4 h52 y608 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 956px; z-index: 15;\">gross <span class=\"wsf6\">liability split:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x304 h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h52 y5ff ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 970px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x7 h52 y608 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 723px; bottom: 956px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x14d h52 y605 ff305 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 925px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 409px; bottom: 940px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11d h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 398px; bottom: 925px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x9 h52 y603 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 940px; z-index: 15;\">Unearned <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x19d h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 925px; z-index: 15;\">P<span class=\"lsed ws12d\">remium</span> </div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 574px; bottom: 940px; z-index: 15;\">Claims <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 552px; bottom: 925px; z-index: 15;\">O<span class=\"lse4 wsf4\">utstanding</span> </div>\n<div class=\"t m0 x19e h52 y603 ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 633px; bottom: 940px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 925px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 706px; bottom: 940px; z-index: 15;\">Unit<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x220 h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 698px; bottom: 925px; z-index: 15;\">L<span class=\"lse4 wsf4\">inked</span> </div>\n<div class=\"t m0 x11e h52 y603 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 940px; z-index: 15;\">Life <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 748px; bottom: 925px; z-index: 15;\">Guaranteed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 895px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 895px; z-index: 15;\">4,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 895px; z-index: 15;\">387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 895px; z-index: 15;\">4,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 895px; z-index: 15;\">59,434<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 895px; z-index: 15;\">11,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 895px; z-index: 15;\">48,379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 880px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 880px; z-index: 15;\">3,317<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 880px; z-index: 15;\">795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 880px; z-index: 15;\">2,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 880px; z-index: 15;\">9,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 880px; z-index: 15;\">4,280<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 880px; z-index: 15;\">4,750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff305 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 865px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 865px; z-index: 15;\">1,575<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 710px; bottom: 865px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 865px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 850px; z-index: 15;\">1,712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 850px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 850px; z-index: 15;\">1,283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 850px; z-index: 15;\">2</div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 850px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 850px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 835px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y70b ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 572px; bottom: 835px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 835px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y70b ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 835px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 820px; z-index: 15;\">Insurance total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 820px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 820px; z-index: 15;\">1,611<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 820px; z-index: 15;\">6,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 820px; z-index: 15;\">70,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 820px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11c h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 820px; z-index: 15;\">54,222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe6 h52 y656 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 571px; bottom: 773px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x1f4 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 530px; bottom: 759px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y656 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 773px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 723px; bottom: 759px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 728px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 409px; bottom: 743px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11d h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 398px; bottom: 728px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 743px; z-index: 15;\">Unearned<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x304 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 728px; z-index: 15;\">premium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 574px; bottom: 743px; z-index: 15;\">Claims <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f9 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 728px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5fc ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 633px; bottom: 743px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 728px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 706px; bottom: 743px; z-index: 15;\">Unit<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 728px; z-index: 15;\">linked<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 743px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 748px; bottom: 728px; z-index: 15;\">Guaranteed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c08 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c09 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 743px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5fc ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 698px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 698px; z-index: 15;\">4,345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 698px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 698px; z-index: 15;\">3,933<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 698px; z-index: 15;\">63,003<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 698px; z-index: 15;\">12,387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 698px; z-index: 15;\">50,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 683px; z-index: 15;\">3,449<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 683px; z-index: 15;\">908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 683px; z-index: 15;\">2,541<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 683px; z-index: 15;\">15,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 683px; z-index: 15;\">6,515<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 683px; z-index: 15;\">8,676<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 668px; z-index: 15;\">1,643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 668px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 668px; z-index: 15;\">1,184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 668px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 668px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 653px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 653px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 572px; bottom: 653px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 653px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 713px; bottom: 653px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 653px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff309 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Insurance total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 638px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 638px; z-index: 15;\">1,730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 638px; z-index: 15;\">6,110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 638px; z-index: 15;\">78,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 638px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 638px; z-index: 15;\">59,290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 627px; height: 479px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 627px; height: 479px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 627px; height: 479px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 627px; height: 479px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ags:DisclosureOfInsuranceLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag537": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">liabilit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h6a y1b6e ff2ee fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.1<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y1b6f ff2ee fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Lif<span class=\"_ _2\"></span>e insur<span class=\"_ _2\"></span>ance con<span class=\"_ _2\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25 h52 y605 ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 452px; bottom: 765px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y605 ff2ec fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 765px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff2ec fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 765px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff2ef fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff2ef fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 735px; z-index: 15;\">Liability for future polic<span class=\"_ _0\"></span>yholder benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 735px; z-index: 15;\">25,350<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 735px; z-index: 15;\">26,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ec fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 720px; z-index: 15;\">Reser<span class=\"_ _2\"></span>ve for <span class=\"_ _2\"></span><span class=\"lse4 wsf6\">policyhold<span class=\"_ _0\"></span>er profit sharing<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 720px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 720px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 705px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 705px; z-index: 15;\">(46)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 705px; z-index: 15;\">1,884<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2f0 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 690px; z-index: 15;\">Before<span class=\"_ _2b\"></span> eliminati<span class=\"_ _0\"></span>ons<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f4 ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 690px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f4 ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 690px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 676px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 676px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 676px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2f0 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 661px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 661px; z-index: 15;\">25,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 661px; z-index: 15;\">28,673<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 646px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 646px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 646px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 631px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 631px; z-index: 15;\">25,518<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 631px; z-index: 15;\">28,660<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 620px; height: 154px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1b7a ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b7b ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b7c ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Changes i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the li<span class=\"_ _0\"></span>abiliti<span class=\"_ _2b\"></span>es arising from Life in<span class=\"_ _2b\"></span>surance contra<span class=\"_ _0\"></span>cts (gross<span class=\"_ _0\"></span> of reinsur<span class=\"_ _2b\"></span>ance and before <span class=\"lse2 ws103\">eliminations) are shown belo<span class=\"_ _2\"></span>w.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1b7d ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5fc ff2ec fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 552px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff2ec fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 552px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff2ef fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff2ef fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 522px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 522px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 522px; z-index: 15;\">29,990<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 507px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 507px; z-index: 15;\">(3,080)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2ec fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 492px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 492px; z-index: 15;\">2,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 492px; z-index: 15;\">2,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 477px; z-index: 15;\">Acquisitions of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 477px; z-index: 15;\">1,187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 463px; z-index: 15;\">Time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 463px; z-index: 15;\">547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 463px; z-index: 15;\">601<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 448px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 448px; z-index: 15;\">(1,449)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 448px; z-index: 15;\">(1,783)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 433px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 433px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 433px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 418px; z-index: 15;\">Shadow accounting adjustmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 418px; z-index: 15;\">(1,559)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 418px; z-index: 15;\">(1,350)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 403px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 403px; z-index: 15;\">(118)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 403px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 388px; z-index: 15;\">Other <span class=\"wsf3\">changes, including risk coverage<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 388px; z-index: 15;\">(785)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 388px; z-index: 15;\">(711)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 373px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 373px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 373px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b8b ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b8c ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b8d ff2ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The shadow accoun<span class=\"_ _2\"></span>ting adjustment is a reflection<span class=\"_ _2\"></span> of the unrealised</div>\n<div class=\"t m0 x7 h4f y1b8e ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses on t<span class=\"_ _0\"></span>he investm<span class=\"_ _0\"></span>ent portf<span class=\"_ _2b\"></span>olio. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b8f ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b90 ff2ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The line item<span class=\"_ _2\"></span> \u2018Other changes, including ris<span class=\"_ _2\"></span>k coverage\u2019, mainly rela<span class=\"_ _2\"></span>tes to</div>\n<div class=\"t m0 x7 h4f y1b91 ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce and actu<span class=\"_ _0\"></span>arial risk<span class=\"_ _0\"></span> consumpt<span class=\"_ _2b\"></span>ion regarding <span class=\"lse2 wsfa\">guarantees included </span></div>\n<div class=\"t m0 x7 h4f y1b92 ff2ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the c<span class=\"_ _0\"></span>ontracts,<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e vary to<span class=\"_ _0\"></span>gether w<span class=\"_ _2b\"></span>ith the volumes.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">  </span></div>\n<div class=\"t m0 x7 h4f y1b93 ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1b94 ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse2 wsfa\">he eff<span class=\"_ _2\"></span>ect of changes in<span class=\"_ _2\"></span> assumptions used <span class=\"_ _2\"></span>to measure the li<span class=\"_ _2\"></span>abilities </span></div>\n<div class=\"t m0 x1a h4f y1b95 ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related t<span class=\"_ _0\"></span>o Life insu<span class=\"_ _0\"></span>rance cont<span class=\"_ _2b\"></span>racts was immater<span class=\"_ _2b\"></span>ial in both <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>and<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y1b96 ff2ec fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2021<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 221px; height: 740px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 221px; height: 740px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 221px; height: 740px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff2f5 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls100 ws11a\">.2<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff2f5 fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Lif<span class=\"_ _2\"></span>e inves<span class=\"_ _2\"></span>tment con<span class=\"_ _2\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y601 ff2f3 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff2f3 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2f6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2f6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Liability for future polic<span class=\"_ _0\"></span>yholder benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1019px; z-index: 15;\">28,356<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">29,256<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Reserve for policyholder profit sharing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1004px; z-index: 15;\">336<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1004px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Shadow <span class=\"lsef ws10a\">acc<span class=\"_ _2\"></span>ounting<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5f2 ff2f3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 989px; z-index: 15;\">8</div>\n<div class=\"t m0 x17 h52 y5f2 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">1,075<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff2f7 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y603 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 974px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y603 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 974px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 963px; height: 95px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1b9e ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b9f ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 927px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y638 ff2f3 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 927px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y638 ff2f3 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 927px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff2f6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff2f6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 897px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 897px; z-index: 15;\">31,629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff2f3 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 882px; z-index: 15;\">1,712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 882px; z-index: 15;\">1,928<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 867px; z-index: 15;\">Time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 867px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 867px; z-index: 15;\">319<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 852px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 852px; z-index: 15;\">(2,034)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 852px; z-index: 15;\">(2,289)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 837px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 837px; z-index: 15;\">(244)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 837px; z-index: 15;\">(255)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 822px; z-index: 15;\">Shadow accounting adjustmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 822px; z-index: 15;\">(1,067)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 822px; z-index: 15;\">(632)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 808px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 808px; z-index: 15;\">(587)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 808px; z-index: 15;\">(83)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 793px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 793px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 793px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1baa ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bab ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bac ff2f3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The shadow accoun<span class=\"_ _2\"></span>ting adjustment is a reflection<span class=\"_ _2\"></span> of the unrealised</div>\n<div class=\"t m0 x7 h4f y1bad ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses in th<span class=\"_ _0\"></span>e investme<span class=\"_ _0\"></span>nt portfol<span class=\"_ _2b\"></span>io. The transfer of li<span class=\"_ _2b\"></span>abilities</div>\n<div class=\"t m0 x7 h4f y1bae ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">mainly rel<span class=\"_ _2b\"></span>ates to internal mov<span class=\"_ _2b\"></span>ements between p<span class=\"_ _2b\"></span>roduct portfoli<span class=\"_ _0\"></span>os. The</div>\n<div class=\"t m0 x7 h4f y1baf ff2f3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">line item \u2018Other<span class=\"_ _2\"></span> changes, including risk cov<span class=\"_ _2\"></span>erage\u2019, mainly relates<span class=\"_ _2\"></span> to</div>\n<div class=\"t m0 x7 h4f y1bb0 ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce and actu<span class=\"_ _0\"></span>arial risk<span class=\"_ _0\"></span> consumpt<span class=\"_ _2b\"></span>ion regarding gua<span class=\"_ _2b\"></span>rantees include<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x7 h4f y1bb1 ff2f3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the c<span class=\"_ _0\"></span>ontracts,<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e vary to<span class=\"_ _0\"></span>gether w<span class=\"_ _2b\"></span>ith the volumes.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bb2 ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1bb3 ff2f3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The effect <span class=\"_ _2\"></span>of changes in a<span class=\"_ _2\"></span>ssumptions used to<span class=\"_ _2\"></span> measure the liabi<span class=\"_ _2\"></span>lities</div>\n<div class=\"t m0 x1a h4f y1bb4 ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related t<span class=\"_ _0\"></span>o Life inve<span class=\"_ _0\"></span>stment<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">cont<span class=\"_ _2b\"></span>racts was immat<span class=\"_ _0\"></span>erial i<span class=\"_ _0\"></span>n <span class=\"wsef\">both <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>and </span></span></span></div>\n<div class=\"t m0 x1a h4f y1bb5 ff2f3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2021<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 640px; height: 466px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 640px; height: 466px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 640px; height: 466px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff2fb fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.3<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff2fb fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Liabilities <span class=\"_ _2\"></span>related to unit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls126 ws14b\">linked contracts</span> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y601 ff2f9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff2f9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1019px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1019px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1004px; z-index: 15;\">13,751<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1004px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff2fc fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 989px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 989px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 978px; height: 80px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1bc6 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bc7 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bc8 ff2f9 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties related to unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1bc9 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y1550 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 910px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 910px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 880px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 880px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 880px; z-index: 15;\">2,904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 865px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 865px; z-index: 15;\">(1,620)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 850px; z-index: 15;\">196<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 850px; z-index: 15;\">394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Acquisitions of <span class=\"wsf4\">subsidiaries<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 835px; z-index: 15;\">514<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Changes in fair value / time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 821px; z-index: 15;\">(263)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 821px; z-index: 15;\">280<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 806px; z-index: 15;\">(47)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 806px; z-index: 15;\">(204)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 791px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 791px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 791px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 776px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y656 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 776px; z-index: 15;\">(51)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y656 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 761px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 761px; z-index: 15;\">(75)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 761px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 746px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 746px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 746px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bd0 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bd1 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bd2 ff2f9 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties related to unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked invest<span class=\"_ _0\"></span>ment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y1bd3 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y647 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 668px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 668px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 637px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 637px; z-index: 15;\">14,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 622px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 622px; z-index: 15;\">1,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 622px; z-index: 15;\">1,825<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Changes in fair value / time <span class=\"wsf4\">value<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 608px; z-index: 15;\">(2,215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 608px; z-index: 15;\">1,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 593px; z-index: 15;\">(1,063)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 593px; z-index: 15;\">(1,809)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 578px; z-index: 15;\">265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 578px; z-index: 15;\">367<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 563px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 563px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 548px; z-index: 15;\">(115)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 548px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 533px; z-index: 15;\">13,751<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 533px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bde ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bdf ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be0 ff2f9 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">transfer of lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span> mainly ref<span class=\"_ _0\"></span>lects int<span class=\"_ _0\"></span>ernal mov<span class=\"_ _0\"></span>ements bet<span class=\"_ _2b\"></span>ween different<span class=\"_ _0\"></span> product<span class=\"_ _0\"></span> contract<span class=\"_ _2b\"></span>s. The line item \u2018Othe<span class=\"_ _0\"></span>r changes,<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">including <span class=\"_ _2\"></span>risk coverage\u2019, </span></span></span></div>\n<div class=\"t m0 x7 h4f y1be1 ff2f9 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">mainly r<span class=\"_ _2b\"></span>elates to insu<span class=\"_ _0\"></span>rance a<span class=\"_ _0\"></span>nd actua<span class=\"_ _0\"></span>rial risk<span class=\"_ _0\"></span> consum<span class=\"_ _2b\"></span>ption, for com<span class=\"_ _2b\"></span>plementary gu<span class=\"_ _0\"></span>arantee<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ded in t<span class=\"_ _0\"></span>he<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">contracts.</span> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 460px; height: 646px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 460px; height: 646px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 460px; height: 646px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff301 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls100 ws11a\">.4<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff301 fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Non<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"ls101 ws11b\">life insurance contracts</span> </span></div>\n<div class=\"t m0 x7 h4f y79e ff2ff fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides a<span class=\"_ _0\"></span>n overv<span class=\"_ _0\"></span>iew of t<span class=\"_ _0\"></span>he liabil<span class=\"_ _2b\"></span>ities arising f<span class=\"_ _0\"></span>rom Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life insu<span class=\"_ _0\"></span>rance co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y79f ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1018px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff302 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff302 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Claims reserves<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 987px; z-index: 15;\">7,783<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 987px; z-index: 15;\">7,620<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Unearned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,611<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 972px; z-index: 15;\">1,730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Reserve for policyholder profit sharing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 958px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 958px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 943px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 943px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff303 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Before<span class=\"_ _2b\"></span> eliminati<span class=\"_ _0\"></span>ons<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">9,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 928px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 913px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff303 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 898px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 898px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 883px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 883px; z-index: 15;\">(818)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 883px; z-index: 15;\">(789)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 869px; z-index: 15;\">7,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 869px; z-index: 15;\">7,100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 858px; height: 169px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1be4 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be5 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be6 ff2ff fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Changes in <span class=\"_ _2\"></span>the <span class=\"ws103\">liabilities ari<span class=\"_ _2\"></span>sing from insurance contrac<span class=\"_ _2\"></span>ts for Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life insur<span class=\"_ _2b\"></span>ance contracts (g<span class=\"_ _0\"></span>ross of rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e and before elimin<span class=\"_ _0\"></span>ations) ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>show<span class=\"_ _2b\"></span>n below.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1be7 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y60e ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 790px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y60e ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 790px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff302 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff303 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y63a ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y63a ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 759px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y63a ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 759px; z-index: 15;\">8,744<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 745px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 730px; z-index: 15;\">Addition to liabilities cu<span class=\"_ _0\"></span>rrent year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 730px; z-index: 15;\">3,189<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 730px; z-index: 15;\">3,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Claims paid current ye<span class=\"_ _0\"></span>ar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 715px; z-index: 15;\">(1,488)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 715px; z-index: 15;\">(1,481)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 700px; z-index: 15;\">Change in liabilities curren<span class=\"_ _0\"></span>t year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 700px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 700px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 700px; z-index: 15;\">1,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 700px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 685px; z-index: 15;\">Addition to liabilities pri<span class=\"_ _0\"></span>or years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 685px; z-index: 15;\">(276)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 685px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 685px; z-index: 15;\">(285)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 685px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 670px; z-index: 15;\">Claims paid prior years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 670px; z-index: 15;\">(1,217)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 670px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 670px; z-index: 15;\">(1,066)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 670px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 655px; z-index: 15;\">Change in <span class=\"wsf6\">liabilities prior years<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 655px; z-index: 15;\">(1,493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 655px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 655px; z-index: 15;\">(1,351)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 655px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Change in liabilities (current and<span class=\"_ _2b\"></span> prior years)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 641px; z-index: 15;\">208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 641px; z-index: 15;\">300<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 626px; z-index: 15;\">(44)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 626px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 611px; z-index: 15;\">(108)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 611px; z-index: 15;\">(70)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 596px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 596px; z-index: 15;\">(135)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 596px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 581px; z-index: 15;\">Shadow accounting <span class=\"lsec wsfe\">adjustme<span class=\"_ _2\"></span>nt<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y70b ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 581px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 566px; z-index: 15;\">Other changes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 566px; z-index: 15;\">146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 566px; z-index: 15;\">307<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5fc ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 552px; z-index: 15;\">9,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5fc ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 552px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 541px; height: 565px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 541px; height: 565px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 541px; height: 565px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div></div>\n<div></div>\n<div></div>\n<div></div>\n<div class=\"t m0 x7 h6a y79c ff307 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.5<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff307 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Insurance Liabilities Adequacy<span class=\"_ _0\"></span> Testing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff305 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tests ca<span class=\"_ _2b\"></span>rried out at <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>year<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"ws103\">end have confirmed tha<span class=\"_ _2\"></span>t the reported <span class=\"wsfa\">insurance l<span class=\"_ _2\"></span>iabilities are<span class=\"_ _2\"></span> adequate.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1bfd ff305 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Overvie<span class=\"_ _2b\"></span>w <span class=\"_ _2\"></span>of ins<span class=\"_ _2b\"></span>urance liabiliti<span class=\"_ _2b\"></span>es by operating se<span class=\"_ _0\"></span>gment <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f5 ff305 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es an ove<span class=\"_ _0\"></span>rview of<span class=\"_ _0\"></span> the lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es by ope<span class=\"_ _0\"></span>rating s<span class=\"_ _2b\"></span>egment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f6 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 xe6 h52 y5ff ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 571px; bottom: 970px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x1f4 h52 y608 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 956px; z-index: 15;\">gross <span class=\"wsf6\">liability split:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x304 h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h52 y5ff ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 970px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x7 h52 y608 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 723px; bottom: 956px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x14d h52 y605 ff305 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 925px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 409px; bottom: 940px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11d h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 398px; bottom: 925px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x9 h52 y603 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 940px; z-index: 15;\">Unearned <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x19d h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 925px; z-index: 15;\">P<span class=\"lsed ws12d\">remium</span> </div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 574px; bottom: 940px; z-index: 15;\">Claims <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 552px; bottom: 925px; z-index: 15;\">O<span class=\"lse4 wsf4\">utstanding</span> </div>\n<div class=\"t m0 x19e h52 y603 ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 633px; bottom: 940px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 925px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 706px; bottom: 940px; z-index: 15;\">Unit<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x220 h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 698px; bottom: 925px; z-index: 15;\">L<span class=\"lse4 wsf4\">inked</span> </div>\n<div class=\"t m0 x11e h52 y603 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 940px; z-index: 15;\">Life <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 748px; bottom: 925px; z-index: 15;\">Guaranteed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 895px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 895px; z-index: 15;\">4,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 895px; z-index: 15;\">387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 895px; z-index: 15;\">4,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 895px; z-index: 15;\">59,434<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 895px; z-index: 15;\">11,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 895px; z-index: 15;\">48,379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 880px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 880px; z-index: 15;\">3,317<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 880px; z-index: 15;\">795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 880px; z-index: 15;\">2,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 880px; z-index: 15;\">9,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 880px; z-index: 15;\">4,280<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 880px; z-index: 15;\">4,750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff305 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 865px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 865px; z-index: 15;\">1,575<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 710px; bottom: 865px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 865px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 850px; z-index: 15;\">1,712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 850px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 850px; z-index: 15;\">1,283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 850px; z-index: 15;\">2</div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 850px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 850px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 835px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y70b ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 572px; bottom: 835px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 835px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y70b ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 835px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 820px; z-index: 15;\">Insurance total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 820px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 820px; z-index: 15;\">1,611<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 820px; z-index: 15;\">6,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 820px; z-index: 15;\">70,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 820px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11c h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 820px; z-index: 15;\">54,222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe6 h52 y656 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 571px; bottom: 773px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x1f4 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 530px; bottom: 759px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y656 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 773px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 723px; bottom: 759px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 728px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 409px; bottom: 743px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11d h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 398px; bottom: 728px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 743px; z-index: 15;\">Unearned<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x304 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 728px; z-index: 15;\">premium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 574px; bottom: 743px; z-index: 15;\">Claims <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f9 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 728px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5fc ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 633px; bottom: 743px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 728px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 706px; bottom: 743px; z-index: 15;\">Unit<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 728px; z-index: 15;\">linked<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 743px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 748px; bottom: 728px; z-index: 15;\">Guaranteed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c08 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c09 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 743px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5fc ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 698px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 698px; z-index: 15;\">4,345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 698px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 698px; z-index: 15;\">3,933<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 698px; z-index: 15;\">63,003<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 698px; z-index: 15;\">12,387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 698px; z-index: 15;\">50,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 683px; z-index: 15;\">3,449<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 683px; z-index: 15;\">908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 683px; z-index: 15;\">2,541<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 683px; z-index: 15;\">15,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 683px; z-index: 15;\">6,515<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 683px; z-index: 15;\">8,676<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 668px; z-index: 15;\">1,643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 668px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 668px; z-index: 15;\">1,184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 668px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 668px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 653px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 653px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 572px; bottom: 653px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 653px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 713px; bottom: 653px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 653px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff309 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Insurance total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 638px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 638px; z-index: 15;\">1,730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 638px; z-index: 15;\">6,110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 638px; z-index: 15;\">78,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 638px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 638px; z-index: 15;\">59,290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 627px; height: 479px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 627px; height: 479px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 627px; height: 479px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentContractsLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag536": {
   "value": "\n<div><br/></div>\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">liabilit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h6a y1b6e ff2ee fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.1<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y1b6f ff2ee fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Lif<span class=\"_ _2\"></span>e insur<span class=\"_ _2\"></span>ance con<span class=\"_ _2\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25 h52 y605 ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 452px; bottom: 765px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y605 ff2ec fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 765px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff2ec fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 765px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff2ef fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff2ef fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 750px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 735px; z-index: 15;\">Liability for future polic<span class=\"_ _0\"></span>yholder benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 735px; z-index: 15;\">25,350<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 735px; z-index: 15;\">26,561<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ec fs3c fc14 sc0 lsec wsf3\" style=\"left: 69px; bottom: 720px; z-index: 15;\">Reser<span class=\"_ _2\"></span>ve for <span class=\"_ _2\"></span><span class=\"lse4 wsf6\">policyhold<span class=\"_ _0\"></span>er profit sharing<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 720px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 720px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 705px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 705px; z-index: 15;\">(46)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y638 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 705px; z-index: 15;\">1,884<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff2f0 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 690px; z-index: 15;\">Before<span class=\"_ _2b\"></span> eliminati<span class=\"_ _0\"></span>ons<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f4 ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 690px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f4 ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 690px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 676px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 676px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 676px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2f0 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 661px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 661px; z-index: 15;\">25,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 661px; z-index: 15;\">28,673<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 646px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 646px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 646px; z-index: 15;\">(13)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 631px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 631px; z-index: 15;\">25,518<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y63a ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 631px; z-index: 15;\">28,660<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 620px; height: 154px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1b7a ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b7b ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b7c ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Changes i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the li<span class=\"_ _0\"></span>abiliti<span class=\"_ _2b\"></span>es arising from Life in<span class=\"_ _2b\"></span>surance contra<span class=\"_ _0\"></span>cts (gross<span class=\"_ _0\"></span> of reinsur<span class=\"_ _2b\"></span>ance and before <span class=\"lse2 ws103\">eliminations) are shown belo<span class=\"_ _2\"></span>w.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1b7d ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5fc ff2ec fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 552px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5fc ff2ec fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 552px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2ec fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff2ef fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f7 ff2ef fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 537px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 522px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 522px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5fc ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 522px; z-index: 15;\">29,990<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 507px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 507px; z-index: 15;\">(3,080)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 507px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2ec fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 492px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 492px; z-index: 15;\">2,094<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5ff ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 492px; z-index: 15;\">2,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 477px; z-index: 15;\">Acquisitions of subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y601 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 477px; z-index: 15;\">1,187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 463px; z-index: 15;\">Time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 463px; z-index: 15;\">547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 463px; z-index: 15;\">601<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 448px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 448px; z-index: 15;\">(1,449)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y608 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 448px; z-index: 15;\">(1,783)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 433px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 433px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y1550 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 433px; z-index: 15;\">(80)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 418px; z-index: 15;\">Shadow accounting adjustmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 418px; z-index: 15;\">(1,559)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 418px; z-index: 15;\">(1,350)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 403px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f4 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 403px; z-index: 15;\">(118)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2ec fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 403px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 388px; z-index: 15;\">Other <span class=\"wsf3\">changes, including risk coverage<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 388px; z-index: 15;\">(785)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2ec fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 388px; z-index: 15;\">(711)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 373px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 373px; z-index: 15;\">25,540<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2f0 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 373px; z-index: 15;\">28,690<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b8b ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b8c ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b8d ff2ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The shadow accoun<span class=\"_ _2\"></span>ting adjustment is a reflection<span class=\"_ _2\"></span> of the unrealised</div>\n<div class=\"t m0 x7 h4f y1b8e ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses on t<span class=\"_ _0\"></span>he investm<span class=\"_ _0\"></span>ent portf<span class=\"_ _2b\"></span>olio. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1b8f ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b90 ff2ec fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The line item<span class=\"_ _2\"></span> \u2018Other changes, including ris<span class=\"_ _2\"></span>k coverage\u2019, mainly rela<span class=\"_ _2\"></span>tes to</div>\n<div class=\"t m0 x7 h4f y1b91 ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce and actu<span class=\"_ _0\"></span>arial risk<span class=\"_ _0\"></span> consumpt<span class=\"_ _2b\"></span>ion regarding <span class=\"lse2 wsfa\">guarantees included </span></div>\n<div class=\"t m0 x7 h4f y1b92 ff2ec fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the c<span class=\"_ _0\"></span>ontracts,<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e vary to<span class=\"_ _0\"></span>gether w<span class=\"_ _2b\"></span>ith the volumes.<span class=\"_ _0\"></span><span class=\"ls0 ws0\">  </span></div>\n<div class=\"t m0 x7 h4f y1b93 ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1b94 ff2ec fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse2 wsfa\">he eff<span class=\"_ _2\"></span>ect of changes in<span class=\"_ _2\"></span> assumptions used <span class=\"_ _2\"></span>to measure the li<span class=\"_ _2\"></span>abilities </span></div>\n<div class=\"t m0 x1a h4f y1b95 ff2ec fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related t<span class=\"_ _0\"></span>o Life insu<span class=\"_ _0\"></span>rance cont<span class=\"_ _2b\"></span>racts was immater<span class=\"_ _2b\"></span>ial in both <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>and<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x1a h4f y1b96 ff2ec fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2021<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 221px; height: 740px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff2f5 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls100 ws11a\">.2<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff2f5 fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Lif<span class=\"_ _2\"></span>e inves<span class=\"_ _2\"></span>tment con<span class=\"_ _2\"></span>tracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y601 ff2f3 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff2f3 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2f6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2f6 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Liability for future polic<span class=\"_ _0\"></span>yholder benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1019px; z-index: 15;\">28,356<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y605 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">29,256<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Reserve for policyholder profit sharing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1004px; z-index: 15;\">336<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1004px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Shadow <span class=\"lsef ws10a\">acc<span class=\"_ _2\"></span>ounting<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5f2 ff2f3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 989px; z-index: 15;\">8</div>\n<div class=\"t m0 x17 h52 y5f2 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 989px; z-index: 15;\">1,075<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff2f7 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y603 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 974px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y603 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 974px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 963px; height: 95px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1b9e ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1b9f ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 927px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y638 ff2f3 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 927px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y638 ff2f3 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 927px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f3 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff2f6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff2f6 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 897px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 897px; z-index: 15;\">31,629<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff2f3 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 882px; z-index: 15;\">1,712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 ydd0 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 882px; z-index: 15;\">1,928<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 867px; z-index: 15;\">Time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 867px; z-index: 15;\">303<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 867px; z-index: 15;\">319<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 852px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 852px; z-index: 15;\">(2,034)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 852px; z-index: 15;\">(2,289)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 837px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 837px; z-index: 15;\">(244)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 837px; z-index: 15;\">(255)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 822px; z-index: 15;\">Shadow accounting adjustmen<span class=\"_ _0\"></span>t<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 822px; z-index: 15;\">(1,067)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f7 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 822px; z-index: 15;\">(632)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 808px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 808px; z-index: 15;\">(587)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff2f3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 808px; z-index: 15;\">(83)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 793px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 793px; z-index: 15;\">28,700<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f7 ff2f7 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 793px; z-index: 15;\">30,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1baa ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bab ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bac ff2f3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The shadow accoun<span class=\"_ _2\"></span>ting adjustment is a reflection<span class=\"_ _2\"></span> of the unrealised</div>\n<div class=\"t m0 x7 h4f y1bad ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">gains and lo<span class=\"_ _0\"></span>sses in th<span class=\"_ _0\"></span>e investme<span class=\"_ _0\"></span>nt portfol<span class=\"_ _2b\"></span>io. The transfer of li<span class=\"_ _2b\"></span>abilities</div>\n<div class=\"t m0 x7 h4f y1bae ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">mainly rel<span class=\"_ _2b\"></span>ates to internal mov<span class=\"_ _2b\"></span>ements between p<span class=\"_ _2b\"></span>roduct portfoli<span class=\"_ _0\"></span>os. The</div>\n<div class=\"t m0 x7 h4f y1baf ff2f3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">line item \u2018Other<span class=\"_ _2\"></span> changes, including risk cov<span class=\"_ _2\"></span>erage\u2019, mainly relates<span class=\"_ _2\"></span> to</div>\n<div class=\"t m0 x7 h4f y1bb0 ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insuran<span class=\"_ _0\"></span>ce and actu<span class=\"_ _0\"></span>arial risk<span class=\"_ _0\"></span> consumpt<span class=\"_ _2b\"></span>ion regarding gua<span class=\"_ _2b\"></span>rantees include<span class=\"_ _2b\"></span>d</div>\n<div class=\"t m0 x7 h4f y1bb1 ff2f3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the c<span class=\"_ _0\"></span>ontracts,<span class=\"_ _0\"></span> and t<span class=\"_ _0\"></span>herefor<span class=\"_ _0\"></span>e vary to<span class=\"_ _0\"></span>gether w<span class=\"_ _2b\"></span>ith the volumes.<span class=\"_ _0\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bb2 ff2f3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1bb3 ff2f3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The effect <span class=\"_ _2\"></span>of changes in a<span class=\"_ _2\"></span>ssumptions used to<span class=\"_ _2\"></span> measure the liabi<span class=\"_ _2\"></span>lities</div>\n<div class=\"t m0 x1a h4f y1bb4 ff2f3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">related t<span class=\"_ _0\"></span>o Life inve<span class=\"_ _0\"></span>stment<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">cont<span class=\"_ _2b\"></span>racts was immat<span class=\"_ _0\"></span>erial i<span class=\"_ _0\"></span>n <span class=\"wsef\">both <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>and </span></span></span></div>\n<div class=\"t m0 x1a h4f y1bb5 ff2f3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2021<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 640px; height: 466px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff2fb fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.3<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff2fb fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Liabilities <span class=\"_ _2\"></span>related to unit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls126 ws14b\">linked contracts</span> </span></div>\n<div class=\"t m0 x14d h52 y601 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y601 ff2f9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1049px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff2f9 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1049px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1034px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1019px; z-index: 15;\">Insurance contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 1019px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y605 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 1019px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1004px; z-index: 15;\">Investment contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 1004px; z-index: 15;\">13,751<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1004px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff2fc fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 989px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 989px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y5f2 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 989px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 978px; height: 80px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1bc6 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bc7 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bc8 ff2f9 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties related to unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked insura<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>racts.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1bc9 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y1550 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 910px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 910px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 895px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 880px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 880px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 880px; z-index: 15;\">2,904<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 865px; z-index: 15;\">Transfer to Held for Sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 865px; z-index: 15;\">(1,620)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 850px; z-index: 15;\">196<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 850px; z-index: 15;\">394<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Acquisitions of <span class=\"wsf4\">subsidiaries<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f9 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 835px; z-index: 15;\">514<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Changes in fair value / time value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 821px; z-index: 15;\">(263)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 821px; z-index: 15;\">280<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 806px; z-index: 15;\">(47)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y70b ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 806px; z-index: 15;\">(204)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 791px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 791px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 791px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 776px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y656 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 776px; z-index: 15;\">(51)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y656 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 776px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 761px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 761px; z-index: 15;\">(75)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 761px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 746px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 746px; z-index: 15;\">2,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y180c ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 746px; z-index: 15;\">3,352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bd0 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bd1 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bd2 ff2f9 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the changes in liabili<span class=\"_ _2\"></span>ties related to unit<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">linked invest<span class=\"_ _0\"></span>ment co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span><span class=\"ls0 ws0\">. </span></span></span></div>\n<div class=\"t m0 x7 h4f y1bd3 ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y647 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 668px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y647 ff2f9 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 668px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2f9 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff2fd fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 637px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y608 ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 637px; z-index: 15;\">14,186<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2f9 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 622px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 622px; z-index: 15;\">1,338<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 622px; z-index: 15;\">1,825<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Changes in fair value / time <span class=\"wsf4\">value<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 608px; z-index: 15;\">(2,215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 608px; z-index: 15;\">1,019<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Payments due to surrenders,<span class=\"_ _0\"></span> maturities and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 593px; z-index: 15;\">(1,063)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 593px; z-index: 15;\">(1,809)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 578px; z-index: 15;\">265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 578px; z-index: 15;\">367<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 563px; z-index: 15;\">(8)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff2f9 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 563px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Other changes, including risk coverage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 548px; z-index: 15;\">(115)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f2 ff2f9 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 548px; z-index: 15;\">(40)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 533px; z-index: 15;\">13,751<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff2fc fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 533px; z-index: 15;\">15,549<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1bde ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1bdf ff2f9 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be0 ff2f9 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">The <span class=\"lse0 wsf0\">transfer of lia<span class=\"_ _0\"></span>bilities<span class=\"_ _0\"></span> mainly ref<span class=\"_ _0\"></span>lects int<span class=\"_ _0\"></span>ernal mov<span class=\"_ _0\"></span>ements bet<span class=\"_ _2b\"></span>ween different<span class=\"_ _0\"></span> product<span class=\"_ _0\"></span> contract<span class=\"_ _2b\"></span>s. The line item \u2018Othe<span class=\"_ _0\"></span>r changes,<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">including <span class=\"_ _2\"></span>risk coverage\u2019, </span></span></span></div>\n<div class=\"t m0 x7 h4f y1be1 ff2f9 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">mainly r<span class=\"_ _2b\"></span>elates to insu<span class=\"_ _0\"></span>rance a<span class=\"_ _0\"></span>nd actua<span class=\"_ _0\"></span>rial risk<span class=\"_ _0\"></span> consum<span class=\"_ _2b\"></span>ption, for com<span class=\"_ _2b\"></span>plementary gu<span class=\"_ _0\"></span>arantee<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ded in t<span class=\"_ _0\"></span>he<span class=\"ls0 ws0\"> <span class=\"lse1 wsf0\">contracts.</span> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 460px; height: 646px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff301 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls100 ws11a\">.4<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff301 fs46 fcf sc0 ls103 ws11f\" style=\"z-index: 15;\">Liabi<span class=\"_ _2\"></span>lities <span class=\"_ _2\"></span>arising <span class=\"_ _2\"></span>from Non<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-<span class=\"ls101 ws11b\">life insurance contracts</span> </span></div>\n<div class=\"t m0 x7 h4f y79e ff2ff fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The fol<span class=\"_ _0\"></span>lowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides a<span class=\"_ _0\"></span>n overv<span class=\"_ _0\"></span>iew of t<span class=\"_ _0\"></span>he liabil<span class=\"_ _2b\"></span>ities arising f<span class=\"_ _0\"></span>rom Non<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">life insu<span class=\"_ _0\"></span>rance co<span class=\"_ _0\"></span>ntracts<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y79f ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n\n<div class=\"t m0 x66 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1018px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff302 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff302 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Claims reserves<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 987px; z-index: 15;\">7,783<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y608 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 987px; z-index: 15;\">7,620<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Unearned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 972px; z-index: 15;\">1,611<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 972px; z-index: 15;\">1,730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Reserve for policyholder profit sharing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 958px; z-index: 15;\">61<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 958px; z-index: 15;\">38<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Shadow accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 943px; z-index: 15;\"> </div>\n<div class=\"t m0 xd2 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 943px; z-index: 15;\">49<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff303 fs3c fc10 sc0 lse7 ws0\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Before<span class=\"_ _2b\"></span> eliminati<span class=\"_ _0\"></span>ons<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 928px; z-index: 15;\">9,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 928px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 913px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 913px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 913px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y638 ff303 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 898px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y638 ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 898px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 883px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 883px; z-index: 15;\">(818)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 883px; z-index: 15;\">(789)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 869px; z-index: 15;\">Net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 869px; z-index: 15;\">7,058<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y70b ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 869px; z-index: 15;\">7,100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 858px; height: 169px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1be4 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be5 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1be6 ff2ff fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Changes in <span class=\"_ _2\"></span>the <span class=\"ws103\">liabilities ari<span class=\"_ _2\"></span>sing from insurance contrac<span class=\"_ _2\"></span>ts for Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">life insur<span class=\"_ _2b\"></span>ance contracts (g<span class=\"_ _0\"></span>ross of rei<span class=\"_ _0\"></span>nsuranc<span class=\"_ _2b\"></span>e and before elimin<span class=\"_ _0\"></span>ations) ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>show<span class=\"_ _2b\"></span>n below.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1be7 ff2ff fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y60e ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y60e ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 790px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 790px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y60e ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 790px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h54 y5f9 ff302 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 774px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y63a ff303 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 759px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y63a ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y63a ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 759px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y63a ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y63a ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 759px; z-index: 15;\">8,744<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 745px; z-index: 15;\">Acquisitions/divestments of subsidia<span class=\"_ _0\"></span>ries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5fc ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 745px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 730px; z-index: 15;\">Addition to liabilities cu<span class=\"_ _0\"></span>rrent year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 730px; z-index: 15;\">3,189<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 730px; z-index: 15;\">3,131<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 730px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 715px; z-index: 15;\">Claims paid current ye<span class=\"_ _0\"></span>ar<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 715px; z-index: 15;\">(1,488)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5ff ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 715px; z-index: 15;\">(1,481)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5ff ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 715px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 700px; z-index: 15;\">Change in liabilities curren<span class=\"_ _0\"></span>t year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 514px; bottom: 700px; z-index: 15;\">1,701<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 700px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 687px; bottom: 700px; z-index: 15;\">1,650<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y647 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 700px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 685px; z-index: 15;\">Addition to liabilities pri<span class=\"_ _0\"></span>or years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 516px; bottom: 685px; z-index: 15;\">(276)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 685px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 689px; bottom: 685px; z-index: 15;\">(285)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 685px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 670px; z-index: 15;\">Claims paid prior years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 670px; z-index: 15;\">(1,217)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 670px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y605 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 670px; z-index: 15;\">(1,066)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y605 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 670px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 655px; z-index: 15;\">Change in <span class=\"wsf6\">liabilities prior years<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a3 h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 509px; bottom: 655px; z-index: 15;\">(1,493)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 623px; bottom: 655px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff2ff fs3c fc10 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 655px; z-index: 15;\">(1,351)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y603 ff2ff fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 655px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 641px; z-index: 15;\">Change in liabilities (current and<span class=\"_ _2b\"></span> prior years)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 641px; z-index: 15;\">208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 641px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 641px; z-index: 15;\">300<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 626px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 626px; z-index: 15;\">(44)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f4 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 626px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y5f4 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 626px; z-index: 15;\">(14)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 611px; z-index: 15;\">Transfer of liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 611px; z-index: 15;\">(108)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y638 ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 611px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y638 ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 611px; z-index: 15;\">(70)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 596px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 596px; z-index: 15;\">(135)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 596px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff2ff fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 581px; z-index: 15;\">Shadow accounting <span class=\"lsec wsfe\">adjustme<span class=\"_ _2\"></span>nt<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 x7 h52 y70b ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 608px; bottom: 581px; z-index: 15;\">(49)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y70b ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 566px; z-index: 15;\">Other changes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 566px; z-index: 15;\">146<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y60e ff2ff fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 566px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y60e ff2ff fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 566px; z-index: 15;\">307<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 552px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5fc ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 536px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 601px; bottom: 552px; z-index: 15;\">9,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h54 y5fc ff303 fs3c fc10 sc0 ls0 ws0\" style=\"left: 709px; bottom: 552px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5fc ff303 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 552px; z-index: 15;\">9,437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 541px; height: 565px; width: 88%; z-index: 5;\"><br/></div>\n\n<div></div>\n<div></div>\n<div></div>\n<div></div>\n<div class=\"t m0 x7 h6a y79c ff307 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">19<span class=\"ls10b ws12e\">.5<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y79d ff307 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Insurance Liabilities Adequacy<span class=\"_ _0\"></span> Testing<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff305 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The tests ca<span class=\"_ _2b\"></span>rried out at <span class=\"lse2 wsf1\">2022<span class=\"ls0 ws0\"> </span>year<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"ws103\">end have confirmed tha<span class=\"_ _2\"></span>t the reported <span class=\"wsfa\">insurance l<span class=\"_ _2\"></span>iabilities are<span class=\"_ _2\"></span> adequate.<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1bfd ff305 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Overvie<span class=\"_ _2b\"></span>w <span class=\"_ _2\"></span>of ins<span class=\"_ _2b\"></span>urance liabiliti<span class=\"_ _2b\"></span>es by operating se<span class=\"_ _0\"></span>gment <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f5 ff305 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The tabl<span class=\"_ _2b\"></span>e below provid<span class=\"_ _0\"></span>es an ove<span class=\"_ _0\"></span>rview of<span class=\"_ _0\"></span> the lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es by ope<span class=\"_ _0\"></span>rating s<span class=\"_ _2b\"></span>egment.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y10f6 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 xe6 h52 y5ff ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 571px; bottom: 970px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x1f4 h52 y608 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 956px; z-index: 15;\">gross <span class=\"wsf6\">liability split:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x304 h52 y5ff ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 xbe h52 y5ff ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 970px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x7 h52 y608 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 723px; bottom: 956px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x14d h52 y605 ff305 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 925px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y603 ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 409px; bottom: 940px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11d h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 398px; bottom: 925px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x9 h52 y603 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 940px; z-index: 15;\">Unearned <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x19d h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 925px; z-index: 15;\">P<span class=\"lsed ws12d\">remium</span> </div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 574px; bottom: 940px; z-index: 15;\">Claims <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 552px; bottom: 925px; z-index: 15;\">O<span class=\"lse4 wsf4\">utstanding</span> </div>\n<div class=\"t m0 x19e h52 y603 ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 633px; bottom: 940px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 925px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y603 ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 706px; bottom: 940px; z-index: 15;\">Unit<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x220 h52 y605 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 698px; bottom: 925px; z-index: 15;\">L<span class=\"lse4 wsf4\">inked</span> </div>\n<div class=\"t m0 x11e h52 y603 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 940px; z-index: 15;\">Life <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y605 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 748px; bottom: 925px; z-index: 15;\">Guaranteed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y608 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 910px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 895px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 895px; z-index: 15;\">4,426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 895px; z-index: 15;\">387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 895px; z-index: 15;\">4,039<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 895px; z-index: 15;\">59,434<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 895px; z-index: 15;\">11,055<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 895px; z-index: 15;\">48,379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 880px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 880px; z-index: 15;\">3,317<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 880px; z-index: 15;\">795<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 880px; z-index: 15;\">2,522<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 880px; z-index: 15;\">9,030<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 880px; z-index: 15;\">4,280<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 880px; z-index: 15;\">4,750<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff305 fs3c fc14 sc0 lse5 wsf5\" style=\"left: 69px; bottom: 865px; z-index: 15;\">Asia<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y638 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 865px; z-index: 15;\"> </div>\n<div class=\"t m0 x196 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 630px; bottom: 865px; z-index: 15;\">1,575<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 710px; bottom: 865px; z-index: 15;\">466<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y638 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 865px; z-index: 15;\">1,109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 850px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 850px; z-index: 15;\">1,712<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 850px; z-index: 15;\">429<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 850px; z-index: 15;\">1,283<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x9 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 648px; bottom: 850px; z-index: 15;\">2</div>\n<div class=\"t m0 x24 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 850px; z-index: 15;\"> </div>\n<div class=\"t m0 x15e h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 790px; bottom: 850px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 835px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 835px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y70b ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 572px; bottom: 835px; z-index: 15;\">(1,579)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 835px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y70b ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 835px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y70b ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 835px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 820px; z-index: 15;\">Insurance total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 820px; z-index: 15;\">7,876<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 820px; z-index: 15;\">1,611<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 820px; z-index: 15;\">6,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 820px; z-index: 15;\">70,023<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 820px; z-index: 15;\">15,801<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11c h54 ydd0 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 820px; z-index: 15;\">54,222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe6 h52 y656 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 571px; bottom: 773px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x1f4 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 530px; bottom: 759px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbe h52 y656 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 773px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 723px; bottom: 759px; z-index: 15;\">gross liability split:<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 728px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y5fc ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 409px; bottom: 743px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x11d h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 398px; bottom: 728px; z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">lif<span class=\"_ _2\"></span>e</span> </span></div>\n<div class=\"t m0 x9 h52 y5fc ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 743px; z-index: 15;\">Unearned<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x304 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 480px; bottom: 728px; z-index: 15;\">premium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y5fc ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 574px; bottom: 743px; z-index: 15;\">Claims <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f9 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 554px; bottom: 728px; z-index: 15;\">outstanding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5fc ff305 fs3c fc10 sc0 lse7 ws109\" style=\"left: 633px; bottom: 743px; z-index: 15;\">Total <span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x152 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 728px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y5fc ff305 fs3c fc10 sc0 ls109 ws12c\" style=\"left: 706px; bottom: 743px; z-index: 15;\">Unit<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x164 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 728px; z-index: 15;\">linked<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y5fc ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 743px; z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff305 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 748px; bottom: 728px; z-index: 15;\">Guaranteed<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c08 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c09 ff305 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y656 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 773px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 428px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5f7 ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 652px; bottom: 759px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff305 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 743px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 428px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x52 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 601px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x304 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 652px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h52 y5fc ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x24 h54 y5fc ff308 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 698px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 698px; z-index: 15;\">4,345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 698px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 698px; z-index: 15;\">3,933<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 698px; z-index: 15;\">63,003<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 698px; z-index: 15;\">12,387<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f7 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 698px; z-index: 15;\">50,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 683px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 683px; z-index: 15;\">3,449<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 683px; z-index: 15;\">908<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 683px; z-index: 15;\">2,541<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 683px; z-index: 15;\">15,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 702px; bottom: 683px; z-index: 15;\">6,515<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5ff ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 683px; z-index: 15;\">8,676<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 668px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 668px; z-index: 15;\">1,643<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 668px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 668px; z-index: 15;\">1,184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 642px; bottom: 668px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 y601 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 724px; bottom: 668px; z-index: 15;\"> </div>\n<div class=\"t m0 x161 h52 y601 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 668px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 653px; z-index: 15;\">Eliminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 401px; bottom: 653px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x52 h52 y603 ff305 fs3c fc14 sc0 ls0 ws0\" style=\"left: 516px; bottom: 653px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 572px; bottom: 653px; z-index: 15;\">(1,548)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 653px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 713px; bottom: 653px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y603 ff305 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 653px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff309 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 638px; z-index: 15;\">Insurance total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 406px; bottom: 638px; z-index: 15;\">7,889<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 638px; z-index: 15;\">1,730<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 579px; bottom: 638px; z-index: 15;\">6,110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 625px; bottom: 638px; z-index: 15;\">78,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 697px; bottom: 638px; z-index: 15;\">18,901<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h54 y605 ff309 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 638px; z-index: 15;\">59,290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 627px; height: 479px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">premiums</div>\n<div class=\"t m0 x7 h63 y17d6 ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Gross inflow Life consists of</div>\n<div class=\"t m0 x7 h63 y17d7 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">premiums received by insu<span class=\"_ _0\"></span>rance</div>\n<div class=\"t m0 x7 h63 y17d8 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">companies for issued insu<span class=\"_ _0\"></span>rance</div>\n<div class=\"t m0 x7 h63 y17d9 ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and investment contracts. Premium</div>\n<div class=\"t m0 x7 h63 y17da ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">inflow of insurance contracts and</div>\n<div class=\"t m0 x7 h63 y1994 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">investment contracts with D<span class=\"_ _2b\"></span>P<span class=\"_ _2\"></span>F is</div>\n<div class=\"t m0 x7 h63 y1995 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">recognised in the incom<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h63 y1996 ff36e fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span><span class=\"ws10f\">Premium inflow of </span></div>\n<div class=\"t m0 x7 h63 y1e3b ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">investment contracts without DPF,</div>\n<div class=\"t m0 x7 h63 y1e3c ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">mainly unit<span class=\"ls0\">-</span>linked contracts, is</div>\n<div class=\"t m0 x7 h63 y1e3d ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(after deduction of fees) directly</div>\n<div class=\"t m0 x7 h63 y1e3e ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">recognised as liabiliti<span class=\"_ _0\"></span>es (deposit</div>\n<div class=\"t m0 x7 h63 y1e3f ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">accounting). Fees are recognised</div>\n<div class=\"t m0 x7 h63 y1e40 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">as fee income in the inco<span class=\"_ _0\"></span>me</div>\n<div class=\"t m0 x7 h63 y1e41 ff36e fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff36c fs3c fcb sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x217 h52 y1550 ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 641px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y1550 ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff36c fs3c fc14 sc0 lsef ws10a\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s <span class=\"ls109 ws15f\">inflow Life<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x236 h52 y5f4 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 786px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f4 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 786px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff36c fs3c fc14 sc0 ls109 ws125\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Gross inflow Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x236 h52 y5f9 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 771px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f9 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 771px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">General account and e<span class=\"_ _0\"></span>liminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y60e ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 756px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y60e ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 756px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff36f fs3c fcb sc0 lse7 wsf8\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f9 ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 635px; bottom: 741px; z-index: 15;\">10,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f9 ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 768px; bottom: 741px; z-index: 15;\">10,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y17e1 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1e42 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff36c fs3c fcb sc0 ls0 ws0\" style=\"left: 324px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x217 h52 y60e ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 641px; bottom: 694px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y60e ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 694px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 664px; z-index: 15;\">Net earned premiums Life<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 664px; z-index: 15;\">4,276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 664px; z-index: 15;\">4,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 649px; z-index: 15;\">Net earned premiums Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x236 h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 649px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 649px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 634px; z-index: 15;\">General account and <span class=\"wsf4\">e<span class=\"_ _0\"></span>liminations<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd9 h52 y601 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 634px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y601 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 634px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff36f fs3c fcb sc0 lse7 wsf8\" style=\"left: 324px; bottom: 619px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t earne<span class=\"_ _2b\"></span>d premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h54 y5ff ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 638px; bottom: 619px; z-index: 15;\">8,507<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h54 y5ff ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 771px; bottom: 619px; z-index: 15;\">8,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 517px; height: 444px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h50 y79c ff374 fs3b fcb sc0 ls149 ws173\" style=\"z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8da ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y601 ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y601 ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1050px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff376 fs3c fcb sc0 lsee ws166\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Unit<span class=\"ls0 ws0\">-<span class=\"lse7 wsf8\">linked ins<span class=\"_ _2b\"></span>urance contra<span class=\"_ _2b\"></span>cts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1020px; z-index: 15;\">198<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1020px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1005px; z-index: 15;\">358<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1005px; z-index: 15;\">250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff376 fs3c fcb sc0 lsec wsfe\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse8 ws10b\">unit<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">linked insurance contracts</span> </span></span></div>\n<div class=\"t m0 x107 h54 y608 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 990px; z-index: 15;\">556<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 990px; z-index: 15;\">486<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff377 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Non unit<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked insurance contracts</span> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y60e ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 945px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 945px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 931px; z-index: 15;\">902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 931px; z-index: 15;\">872<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff377 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Group business total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 916px; z-index: 15;\">1,273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 916px; z-index: 15;\">1,226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 901px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y656 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 901px; z-index: 15;\">327<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y656 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 886px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 886px; z-index: 15;\">426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 886px; z-index: 15;\">431<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y656 ff377 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Individual business total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y656 ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 871px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y656 ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 871px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Total non unit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse4 wsf6\">linked insura<span class=\"_ _0\"></span>nce contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 856px; z-index: 15;\">2,026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 856px; z-index: 15;\">1,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff377 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff376 fs3c fcb sc0 lsf0 wsff\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Investmen<span class=\"_ _2\"></span>t contracts w<span class=\"_ _2\"></span>ith DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y647 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y647 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 812px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x17 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 812px; z-index: 15;\">1,252<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 812px; z-index: 15;\">1,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 797px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 797px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 797px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Total investment contract<span class=\"_ _2\"></span>s with DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 782px; z-index: 15;\">1,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 782px; z-index: 15;\">1,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff376 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Gross pr<span class=\"_ _0\"></span>emium<span class=\"_ _2b\"></span> income Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 752px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 752px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 738px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x17 h52 y5f2 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 738px; z-index: 15;\">1,288<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 738px; z-index: 15;\">1,752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 723px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 xd2 h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 723px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 723px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff376 fs3c fcb sc0 lsee ws15e\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Premium inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 708px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 708px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 69px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 624px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 796px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff376 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 678px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 678px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e4e ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e4f ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 631px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y63a ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 631px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 631px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 601px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s premiums L<span class=\"_ _2\"></span>ife<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 601px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 601px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 586px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 586px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 586px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 571px; z-index: 15;\">Net earned premiums Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 571px; z-index: 15;\">4,276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 571px; z-index: 15;\">4,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e54 ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h50 y1e55 ff374 fs3b fcb sc0 lse3 ws174\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"ls149 ws173\">life</span> </span></div>\n<div class=\"t m0 x7 h4f y1e56 ff374 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y &amp; Cas<span class=\"_ _0\"></span>ualty inc<span class=\"_ _0\"></span>ludes p<span class=\"_ _0\"></span>remiu<span class=\"_ _0\"></span>ms receiv<span class=\"_ _2b\"></span>ed for motor, f<span class=\"_ _0\"></span>ire and ot<span class=\"_ _2b\"></span>her damage to <span class=\"_ _0\"></span>propert<span class=\"_ _0\"></span>y<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y1e57 ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 462px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff374 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 477px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 462px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff374 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 477px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 462px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5ff ff374 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 462px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 431px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s <span class=\"lse4 wsf6\">written premiums<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 431px; z-index: 15;\">1,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 431px; z-index: 15;\">3,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 431px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 416px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 416px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 416px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Gross earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 401px; z-index: 15;\">1,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 401px; z-index: 15;\">3,557<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 401px; z-index: 15;\">4,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 387px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 387px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 387px; z-index: 15;\">(400)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 387px; z-index: 15;\">(458)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Reinsurers' share of unearned<span class=\"_ _0\"></span> premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 372px; z-index: 15;\">2</div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 372px; z-index: 15;\">6</div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 372px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 357px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 357px; z-index: 15;\">3,163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 357px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cbc ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbd ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 310px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 295px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff374 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 310px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 295px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff374 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 310px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 295px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y70b ff374 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 295px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff374 fs3c fc14 sc0 lsed wsf7\" style=\"left: 69px; bottom: 265px; z-index: 15;\">Gross writ<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>en pre<span class=\"_ _2b\"></span>miums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 265px; z-index: 15;\">1,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 265px; z-index: 15;\">3,496<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 265px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 250px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y5f7 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 250px; z-index: 15;\"> </div>\n<div class=\"t m0 x39a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 250px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 250px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 235px; z-index: 15;\">Gross earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 235px; z-index: 15;\">1,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 235px; z-index: 15;\">3,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 235px; z-index: 15;\">4,603<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 220px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 220px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 220px; z-index: 15;\">(383)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 220px; z-index: 15;\">(433)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 205px; z-index: 15;\">Reinsurers' share of unearned<span class=\"_ _0\"></span> premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5ff ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 205px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 205px; z-index: 15;\">3</div>\n<div class=\"t m0 xd6 h52 y5ff ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 205px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 190px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 190px; z-index: 15;\">1,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 190px; z-index: 15;\">3,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 190px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 179px; height: 927px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff379 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Below is a bre<span class=\"_ _2b\"></span>akdown of the Non<span class=\"ls0 ws0\">-</span>life net<span class=\"_ _0\"></span> earned pre<span class=\"_ _2b\"></span>miums by insuranc<span class=\"_ _2b\"></span>e operating segm<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff379 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 1065px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 1050px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff379 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 1065px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 1050px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y601 ff379 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 1050px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 1020px; z-index: 15;\">536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 1020px; z-index: 15;\">998<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1020px; z-index: 15;\">1,534<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 1005px; z-index: 15;\">274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 1005px; z-index: 15;\">961<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1005px; z-index: 15;\">1,235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 990px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 990px; z-index: 15;\">1,210<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 990px; z-index: 15;\">1,471<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Elimination<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y5f4 ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 975px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 975px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 960px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 960px; z-index: 15;\">3,163<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 960px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 898px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 ydd0 ff379 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 913px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 898px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 ydd0 ff379 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 913px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 898px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f2 ff379 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 898px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 ydd0 ff379 fs3c fcb sc0 ls0 ws0\" style=\"left: 795px; bottom: 913px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 868px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 868px; z-index: 15;\">548<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 868px; z-index: 15;\">953<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 868px; z-index: 15;\">1,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 853px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 853px; z-index: 15;\">251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 853px; z-index: 15;\">988<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 853px; z-index: 15;\">1,239<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 838px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 838px; z-index: 15;\">242<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 838px; z-index: 15;\">1,193<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 838px; z-index: 15;\">1,435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 823px; z-index: 15;\">Elimination<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 823px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 823px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff37b fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 808px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 808px; z-index: 15;\">1,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 808px; z-index: 15;\">3,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 808px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 797px; height: 309px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Insura<span class=\"_ _2\"></span>nc<span class=\"_ _0\"></span>e claim<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and benefits</div>\n<div class=\"t m0 x2a3 h52 y1550 ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff39b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Life insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">4,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">4,897<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h52 y5f9 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 771px; z-index: 15;\">2,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 771px; z-index: 15;\">2,578<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">General account and e<span class=\"_ _0\"></span>liminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y60e ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 756px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y60e ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 756px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff39b fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Total insurance claims and benefits, net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 741px; z-index: 15;\">7,484<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 741px; z-index: 15;\">7,471<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17e1 ff399 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e42 ff399 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff399 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y60e ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 694px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y60e ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 694px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff39b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 664px; z-index: 15;\">Benefits and surrenders, gros<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 664px; z-index: 15;\">5,096<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 664px; z-index: 15;\">4,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 649px; z-index: 15;\">Change in liabilities arising<span class=\"_ _0\"></span> from insurance and invest<span class=\"_ _0\"></span>ment contracts, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 649px; z-index: 15;\">(274)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 649px; z-index: 15;\">109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff39b fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Total Li<span class=\"_ _2b\"></span>fe insurance<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>cla<span class=\"_ _2b\"></span>ims and benef<span class=\"_ _0\"></span>its, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 634px; z-index: 15;\">4,822<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 634px; z-index: 15;\">4,914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 619px; z-index: 15;\">Reinsurers' share of cl<span class=\"_ _0\"></span>aims and benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 619px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 619px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff39b fs3c fcb sc0 lsec wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Total<span class=\"_ _2\"></span> Life in<span class=\"_ _2\"></span>surance <span class=\"_ _2\"></span>claims an<span class=\"_ _2\"></span>d benefi<span class=\"_ _2\"></span>ts, net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 604px; z-index: 15;\">4,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 604px; z-index: 15;\">4,897<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e92 ff399 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e93 ff399 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff399 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y603 ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 557px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 557px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff39b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff399 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Claims paid, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 527px; z-index: 15;\">2,705<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 527px; z-index: 15;\">2,547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 512px; z-index: 15;\">Change in liabilities arising<span class=\"_ _0\"></span> from insurance contracts,<span class=\"_ _0\"></span> gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 512px; z-index: 15;\">208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 512px; z-index: 15;\">300<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff39b fs3c fcb sc0 lsee ws15e\" style=\"left: 69px; bottom: 497px; z-index: 15;\">Total Non<span class=\"ls0 ws0\">-<span class=\"lse7\">life ins<span class=\"_ _0\"></span>urance<span class=\"_ _0\"></span> claims<span class=\"_ _2b\"></span> and benef<span class=\"_ _2b\"></span>its, gross<span class=\"ls0\"> </span></span></span></div>\n<div class=\"t m0 x17 h54 y5f4 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 497px; z-index: 15;\">2,913<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 497px; z-index: 15;\">2,847<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 482px; z-index: 15;\">Reinsurers' share of cl<span class=\"_ _0\"></span>aims paid<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 482px; z-index: 15;\">(191)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 482px; z-index: 15;\">(193)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Reinsurers' share of ch<span class=\"_ _0\"></span>ange in liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 468px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 468px; z-index: 15;\">(76)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff39b fs3c fcb sc0 lsee ws15e\" style=\"left: 69px; bottom: 453px; z-index: 15;\">Total Non<span class=\"ls0 ws0\">-<span class=\"lse7\">life ins<span class=\"_ _0\"></span>urance<span class=\"_ _0\"></span> claims<span class=\"_ _2b\"></span> and benef<span class=\"_ _2b\"></span>its, net<span class=\"ls0\"> </span></span></span></div>\n<div class=\"t m0 x17 h54 y5f2 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 453px; z-index: 15;\">2,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 453px; z-index: 15;\">2,578<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 442px; height: 519px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag540": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Su<span class=\"_ _2\"></span>bordin<span class=\"_ _2\"></span>a<span class=\"_ _2b\"></span>ted<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">liabilit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x66 h52 y1550 ff30b fs3c fc10 sc0 lsec ws100\" style=\"left: 550px; bottom: 816px; z-index: 15;\">31 Dec<span class=\"_ _2\"></span>em<span class=\"lse4 wsf3\">ber 2022<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x66 h52 y1550 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff30b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Issued by Ageasfinlux S.A.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h54 y608 ff30d fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y608 ff30d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">FRESH Restricted Tier 1 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 786px; z-index: 15;\">151<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 786px; z-index: 15;\">384<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Issued by <span class=\"ls0 ws0\">A</span><span class=\"wsf4\">geas <span class=\"lse6 wsf7\">SA/NV<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x16 h52 y5f9 ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5f9 ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Perpetual Subordinated Fixed Rate Resettable Temporary Write<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">Down Restricted<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x16 h52 y60e ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 625px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y60e ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lsec ws100\">Ti<span class=\"_ _2\"></span>er 1 Notes</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 741px; z-index: 15;\">744<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 741px; z-index: 15;\">744<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Subordinated Fixed to <span class=\"wsf3\">Floating Rate Tie<span class=\"_ _0\"></span>r 2 Notes<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f7 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 727px; z-index: 15;\">991<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 727px; z-index: 15;\">989<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff30b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Issued by AG Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y5fc ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5fc ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff30b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Subordinated Fixed to <span class=\"_ _0\"></span>Floating Rate Tier 2 Lo<span class=\"_ _0\"></span>an<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 697px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 697px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Fixed Rate Reset Dated Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 682px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 682px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Fixed to Floating Callable Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 611px; bottom: 667px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 667px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff30b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Issued by Millenniumbcp Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x16 h52 y180c ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 625px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y180c ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Fixed to Floating Rate Callable Subordinated Restricted Tier 1 Loan<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 615px; bottom: 637px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff30e fs3c fc10 sc0 lse8 wsf9\" style=\"left: 69px; bottom: 623px; z-index: 15;\">Total subordinated liabi<span class=\"_ _2\"></span>lities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y603 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 623px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y603 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 623px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c16 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c17 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff30b fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 576px; z-index: 15;\"> </div>\n<div class=\"t m0 x45 h52 y605 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 549px; bottom: 576px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y605 ff30b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 721px; bottom: 576px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff30e fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y603 ff30e fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h54 y603 ff30d fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 560px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff30e fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 545px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 545px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y5f2 ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 545px; z-index: 15;\">2,758<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y632 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 530px; z-index: 15;\">Proceeds from <span class=\"lsef ws10a\">issua<span class=\"_ _2\"></span>nce<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y632 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y632 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 530px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 515px; z-index: 15;\">Redemption<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 515px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 y5f2 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 515px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff30b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 500px; z-index: 15;\">Realised Gains<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 ydd0 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x16 h52 ydd0 ff30b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 500px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 486px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span><span class=\"wsf6\">(see 20.1 below for more details)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x25f h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 486px; z-index: 15;\">(231)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f9 ff30b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 486px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff30e fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 471px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 471px; z-index: 15;\">2,517<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a1 h54 y60e ff30e fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 471px; z-index: 15;\">2,748<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c18 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c19 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c1a ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Most of the out<span class=\"_ _2b\"></span>standing subor<span class=\"_ _2b\"></span>dinated liabil<span class=\"_ _0\"></span>ities as at 31 D<span class=\"_ _0\"></span>ecember 2<span class=\"_ _0\"></span>022 are posit<span class=\"_ _2b\"></span>ions with a maturity<span class=\"_ _0\"></span> of more tha<span class=\"_ _0\"></span>n 5 years.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c1b ff30f fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c1c ff30f fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">FRESH Grandfathere<span class=\"_ _0\"></span>d<span class=\"ls0 ws0\"> <span class=\"ls101 ws11b\">Restricted Tier 1 Notes</span> </span></div>\n<div class=\"t m0 x7 h4f y1c1d ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 7 May 2002,<span class=\"_ _0\"></span> Ageasfi<span class=\"_ _0\"></span>nlux S.A. i<span class=\"_ _0\"></span>ssued und<span class=\"_ _0\"></span>ated Flo<span class=\"_ _0\"></span>ating Rat<span class=\"_ _0\"></span>e Equity<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1c1e ff30b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">linked S<span class=\"_ _0\"></span>ubordi<span class=\"_ _0\"></span>nated Hy<span class=\"_ _2b\"></span>brid capital s<span class=\"_ _2b\"></span>ecurities (FR<span class=\"_ _0\"></span>ESH) for <span class=\"_ _2b\"></span>a to<span class=\"lsfc ws115\">tal<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1c1f ff30b fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">principal am<span class=\"_ _2\"></span>ount of EUR<span class=\"ls0 ws0\"> </span><span class=\"ws103\">1,250<span class=\"_ _2\"></span> million at a floating rate<span class=\"_ _2\"></span> of 3<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">mont<span class=\"_ _0\"></span>h </span></span></span></div>\n<div class=\"t m0 x7 h4f y1c20 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Euribor + 1<span class=\"_ _0\"></span>35 basis poi<span class=\"_ _2b\"></span>nts. The securiti<span class=\"_ _2b\"></span>es have no maturity<span class=\"_ _0\"></span> date, but</div>\n<div class=\"t m0 x7 h4f y1c21 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">may be exch<span class=\"_ _0\"></span>anged<span class=\"_ _0\"></span> for Ageas sha<span class=\"_ _0\"></span>res at a price of E<span class=\"_ _0\"></span>UR 315 per s<span class=\"_ _0\"></span>hare at</div>\n<div class=\"t m0 x7 h4f y1c22 ff30b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the discretion<span class=\"_ _2\"></span> of the holder. The securities<span class=\"_ _2\"></span> <span class=\"lse0 wsf0\">wil<span class=\"_ _0\"></span>l automat<span class=\"_ _2b\"></span>ically convert int<span class=\"_ _0\"></span>o </span></div>\n<div class=\"t m0 x7 h4f y1c23 ff30b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas shares i<span class=\"_ _2\"></span>f the price of the Ageas share<span class=\"_ _2\"></span> is equal to or higher than</div>\n<div class=\"t m0 x7 h4f y1c24 ff30b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">EUR 472.<span class=\"_ _2b\"></span>50 on twenty c<span class=\"_ _2b\"></span>onsecutive st<span class=\"_ _0\"></span>ock exch<span class=\"_ _0\"></span>ange bus<span class=\"_ _0\"></span>iness da<span class=\"_ _2b\"></span>ys. The</div>\n<div class=\"t m0 x7 h4f y1c25 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies qualif<span class=\"_ _0\"></span>y as Grandf<span class=\"_ _2b\"></span>athered Tier 1 capit<span class=\"_ _2b\"></span>al under Solvency<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">II and </span></span></div>\n<div class=\"t m0 x7 h4f y1c26 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are rated A<span class=\"_ _0\"></span><span class=\"ls0 ws0\">- <span class=\"lse2 wsfa\">by<span class=\"_ _2\"></span> Standard &amp; Poor\u2019<span class=\"_ _2\"></span>s, Baa2 by Moody\u2019<span class=\"_ _2\"></span>s and BBB by Fi<span class=\"_ _2\"></span>tch.</span> </span></div>\n<div class=\"t m0 x7 h4f y1c27 ff30b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c28 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The secur<span class=\"_ _0\"></span>ities wer<span class=\"_ _0\"></span>e issued by A<span class=\"_ _0\"></span>geasfinl<span class=\"_ _2b\"></span>ux S.A., with <span class=\"lse2 wsf1\">Ageas <span class=\"ls107 ws122\">SA/NV </span></span></div>\n<div class=\"t m0 x1a h4f y1c29 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">acting as c<span class=\"_ _0\"></span>o<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">obligor. The<span class=\"_ _2\"></span> principal amount of the sec<span class=\"_ _2\"></span>urities will not be </span></span></div>\n<div class=\"t m0 x1a h4f y1c2a ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">repaid in ca<span class=\"_ _0\"></span>sh. The so<span class=\"_ _0\"></span>le recours<span class=\"_ _0\"></span>e of the hold<span class=\"_ _0\"></span>ers of the FR<span class=\"_ _0\"></span>ES<span class=\"lse2 wsfa\">H against </span></div>\n<div class=\"t m0 x1a h4f y1c2b ff30b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the co<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">obligors with res<span class=\"_ _2b\"></span>pect to the princip<span class=\"_ _0\"></span>al amount ar<span class=\"_ _0\"></span>e the <span class=\"lse2 wsf1\">currently </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c2c ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding 1.2 <span class=\"ls102 ws11d\">million<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">Ageas share<span class=\"_ _2\"></span>s that Ageasfinlux</span> </span></span>S.A. pledged in</div>\n<div class=\"t m0 x1a h4f y1c2d ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">favour of s<span class=\"_ _0\"></span>uch hold<span class=\"_ _0\"></span>ers. Pendi<span class=\"_ _2b\"></span>ng the exchange of the F<span class=\"_ _0\"></span>RESH for Ag<span class=\"_ _2b\"></span>eas</div>\n<div class=\"t m0 x1a h4f y1c2e ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shares, t<span class=\"_ _0\"></span>hese Age<span class=\"_ _0\"></span>as shares do not<span class=\"_ _0\"></span> hav<span class=\"wsfa\">e any <span class=\"_ _2b\"></span>dividend right<span class=\"_ _2b\"></span>s or voting </span></div>\n<div class=\"t m0 x1a h4f y1c2f ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">rights (th<span class=\"_ _2b\"></span>e reported number of<span class=\"_ _0\"></span> outstan<span class=\"_ _0\"></span>ding Age<span class=\"_ _0\"></span>as shares<span class=\"_ _0\"></span> as at</div>\n<div class=\"t m0 x1a h4f y1c30 ff30b fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span>Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">2022 alrea<span class=\"_ _0\"></span>dy includ<span class=\"_ _2b\"></span>es <span class=\"_ _2\"></span>the 1.<span class=\"_ _2b\"></span>2<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion</span> <span class=\"lse2 ws103\">Ageas shar<span class=\"_ _2\"></span>es issued </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c31 ff30b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for the pur<span class=\"_ _0\"></span>pose of such ex<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 161px; height: 800px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 161px; height: 800px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 161px; height: 800px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the ev<span class=\"_ _0\"></span>ent that <span class=\"_ _2b\"></span>dividends ar<span class=\"_ _0\"></span>e not pa<span class=\"_ _0\"></span>id on th<span class=\"_ _0\"></span>e Ageas s<span class=\"_ _0\"></span>hares, <span class=\"_ _0\"></span>or that t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x7 h4f y803 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds to be decla<span class=\"_ _2b\"></span>red are below a thres<span class=\"_ _0\"></span>hold wit<span class=\"_ _0\"></span>h respect to any<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x7 h4f y804 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al year (div<span class=\"_ _2b\"></span>idend yield less th<span class=\"_ _0\"></span>an 0.5%) an<span class=\"_ _0\"></span>d in certain ot<span class=\"_ _0\"></span>her</div>\n<div class=\"t m0 x7 h4f y805 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">exceptional ci<span class=\"_ _2\"></span>rcumstances, payment of coupon<span class=\"_ _2\"></span>s w<span class=\"wsfa\">ill be made in </span></div>\n<div class=\"t m0 x7 h4f y806 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">accorda<span class=\"_ _2b\"></span>nce with the so<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">cal<span class=\"_ _0\"></span>led alte<span class=\"_ _0\"></span>rnative co<span class=\"_ _0\"></span>upon sett<span class=\"_ _0\"></span>lement<span class=\"_ _0\"></span> method </span></div>\n<div class=\"t m0 x7 h4f y807 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">(ACSM). The<span class=\"_ _2\"></span> ACSM implies tha<span class=\"_ _2\"></span>t new Ageas shares <span class=\"_ _2\"></span>will be issued <span class=\"_ _2\"></span>and</div>\n<div class=\"t m0 x7 h4f y808 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">deliver<span class=\"_ _0\"></span>ed to the hol<span class=\"_ _0\"></span>ders of the FR<span class=\"_ _0\"></span>ESH. To dat<span class=\"_ _0\"></span>e all coupo<span class=\"_ _0\"></span>ns have be<span class=\"_ _0\"></span>en</div>\n<div class=\"t m0 x7 h4f y809 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">paid in c<span class=\"_ _0\"></span>ash. If t<span class=\"_ _2b\"></span>he ACSM is tri<span class=\"_ _2b\"></span>ggered <span class=\"wsf0\">and there is i<span class=\"_ _0\"></span>nsuffi<span class=\"_ _0\"></span>cient avai<span class=\"_ _0\"></span>lable </span></div>\n<div class=\"t m0 x7 h4f y80a ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">authoris<span class=\"_ _2b\"></span>ed capital to e<span class=\"_ _0\"></span>nable <span class=\"lse2 wsf1\">Ageas <span class=\"wsfa\">SA/NV to mee<span class=\"_ _2\"></span>t the ACSM obligation<span class=\"_ _2\"></span>, </span></span></div>\n<div class=\"t m0 x7 h4f y80b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cou<span class=\"_ _0\"></span>pon sett<span class=\"_ _0\"></span>lement w<span class=\"_ _2b\"></span>ill be postpon<span class=\"_ _0\"></span>ed until s<span class=\"_ _2b\"></span>uch time as the <span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> to</div>\n<div class=\"t m0 x7 h4f y80c ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">issue sh<span class=\"_ _0\"></span>ares is r<span class=\"_ _2b\"></span>estor<span class=\"lse2 wsf1\">ed.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y80d ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80e ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 19 No<span class=\"_ _0\"></span>vember <span class=\"_ _0\"></span>2019 Ag<span class=\"_ _0\"></span>eas launc<span class=\"_ _2b\"></span>hed, through <span class=\"_ _0\"></span>its whol<span class=\"_ _0\"></span>ly owne<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x7 h4f y80f ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subsidi<span class=\"_ _0\"></span>ary Agea<span class=\"_ _2b\"></span>sfinlux S.A., <span class=\"_ _0\"></span>an offe<span class=\"_ _0\"></span>r to purc<span class=\"_ _2b\"></span>hase in cash an<span class=\"_ _0\"></span>y and al<span class=\"_ _0\"></span>l of</div>\n<div class=\"t m0 x7 h4f y810 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the outst<span class=\"_ _0\"></span>anding FR<span class=\"_ _0\"></span>ESH secu<span class=\"_ _0\"></span>rities. A<span class=\"_ _0\"></span>geasfi<span class=\"_ _0\"></span>nlux S.A. si<span class=\"_ _2b\"></span>multaneously</div>\n<div class=\"t m0 x7 h4f y90a ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">launched a conse<span class=\"_ _2\"></span>nt solicitation to permit<span class=\"_ _2\"></span> the purchase of the FRESH</div>\n<div class=\"t m0 x7 h4f y90b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">securit<span class=\"_ _0\"></span>ies. Co<span class=\"_ _0\"></span>nsent of <span class=\"_ _2b\"></span>at least a majo<span class=\"_ _0\"></span>rity of th<span class=\"_ _2b\"></span>e aggregate pri<span class=\"_ _2b\"></span>ncipal</div>\n<div class=\"t m0 x7 h4f y90c ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amount of<span class=\"_ _0\"></span> the FR<span class=\"_ _2b\"></span>ESH outstand<span class=\"_ _0\"></span>ing was<span class=\"_ _0\"></span> necess<span class=\"_ _0\"></span>ary for t<span class=\"_ _0\"></span>he prop<span class=\"_ _2b\"></span>osed</div>\n<div class=\"t m0 x7 h4f y90d ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amendm<span class=\"_ _0\"></span>ent to th<span class=\"_ _2b\"></span>e conditions of<span class=\"_ _0\"></span> the FRE<span class=\"_ _2b\"></span>SH to be adopt<span class=\"_ _0\"></span>ed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90e ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90f ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 3 January 2020,<span class=\"_ _2\"></span> Ageas announced that in to<span class=\"_ _2\"></span>tal 65.50<span class=\"lsfd ws116\">% </span></div>\n<div class=\"t m0 x7 h4f y910 ff312 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">(EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">818<span class=\"_ _2\"></span>,750,000) of the<span class=\"_ _2\"></span> aggregate principal<span class=\"_ _2\"></span> amount of the F<span class=\"_ _2\"></span>RESH </span></span></div>\n<div class=\"t m0 x7 h4f y911 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">securities <span class=\"_ _2\"></span>outstanding were tende<span class=\"_ _2\"></span>red and accepted<span class=\"_ _2\"></span> for purchase.</div>\n<div class=\"t m0 x7 h4f y912 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subsequently<span class=\"_ _2\"></span>, at the beginning<span class=\"_ _2\"></span> of Q2 2020 Agea<span class=\"_ _2\"></span>s purchased FRESH</div>\n<div class=\"t m0 x7 h4f y913 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">securities <span class=\"_ _2\"></span>representing an agg<span class=\"_ _2\"></span>regate principal am<span class=\"_ _2\"></span>ount of EUR</div>\n<div class=\"t m0 x7 h4f y914 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">47,250,<span class=\"_ _0\"></span>000 follo<span class=\"_ _0\"></span>wing a revers<span class=\"_ _2b\"></span>e inquiry by a third<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">part<span class=\"_ _2b\"></span>y holder. All th<span class=\"_ _2b\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y915 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">purchased F<span class=\"_ _2\"></span>RESH securities in 2<span class=\"_ _2\"></span>020 were exchanged<span class=\"_ _2\"></span> into 2,749,206</div>\n<div class=\"t m0 x7 h4f y916 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">underlying s<span class=\"_ _2\"></span>hares of <span class=\"wsf1\">Ageas </span>SA<span class=\"_ _2\"></span>/NV. These shares <span class=\"_ _2\"></span>are recognised on<span class=\"_ _2\"></span> the</div>\n<div class=\"t m0 x7 h4f y917 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Group\u2019s balan<span class=\"_ _2\"></span>ce sheet as treasury shares<span class=\"_ _2\"></span> and are n<span class=\"lse0 wsf0\">ot entit<span class=\"_ _2b\"></span>led to </span></div>\n<div class=\"t m0 x7 h4f y918 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds or votin<span class=\"_ _0\"></span>g rights.<span class=\"_ _0\"></span> The total n<span class=\"_ _0\"></span>umber of out<span class=\"_ _0\"></span>standi<span class=\"_ _2b\"></span>ng shares of</div>\n<div class=\"t m0 x7 h4f y919 ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV as an effect <span class=\"_ _2\"></span>from the operation<span class=\"_ _2\"></span> remains unchanged.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y91a ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y91b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the co<span class=\"_ _0\"></span>urse of t<span class=\"_ _2b\"></span>he fourth qua<span class=\"_ _0\"></span>rter of 20<span class=\"_ _0\"></span>22, <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span></span><span class=\"wsf0\">SA/NV ac<span class=\"_ _2b\"></span>quired an </span></div>\n<div class=\"t m0 x7 h4f y91c ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">aggregate p<span class=\"_ _2\"></span>rincipal amount o<span class=\"_ _2\"></span>f EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">233.25<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">mil<span class=\"_ _2\"></span>lion of FRESH<span class=\"_ _2\"></span> securities </span></span></span></div>\n<div class=\"t m0 x7 h4f y91d ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which we<span class=\"_ _0\"></span>re issued in 2<span class=\"_ _2b\"></span>002 by Ageasfinlux<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"ls107 ws11c\">S.A. The EU<span class=\"_ _2b\"></span>R<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2<span class=\"_ _2\"></span>33.25</span> <span class=\"ls102 ws11d\">million<span class=\"_ _2\"></span> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y91e ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of FRESH sec<span class=\"_ _2b\"></span>urities acquir<span class=\"_ _0\"></span>ed are curr<span class=\"_ _0\"></span>ently hel<span class=\"_ _0\"></span>d by <span class=\"lse2 wsf1\">Ageas<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">SA/NV<span class=\"_ _2\"></span> and </span></span></div>\n<div class=\"t m0 x7 h4f y91f ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have not yet<span class=\"_ _0\"></span> been exch<span class=\"_ _0\"></span>anged int<span class=\"_ _0\"></span>o Ageas shar<span class=\"_ _2b\"></span>es. Therefore as at</div>\n<div class=\"t m0 x7 h4f y920 ff312 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span>Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">2022 EUR</span> <span class=\"lse2 wsf1\">3<span class=\"_ _2\"></span>84</span> m<span class=\"lse2 wsfa\">illion in <span class=\"_ _2\"></span>aggregate principa<span class=\"_ _2\"></span>l amount </span></span></div>\n<div class=\"t m0 x7 h4f y921 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">remains out<span class=\"_ _2\"></span>standing at the l<span class=\"_ _2\"></span>evel of Ageasfin<span class=\"_ _2\"></span>lux<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">S.A. The EU<span class=\"_ _2b\"></span>R 233.25 </span></span></div>\n<div class=\"t m0 x7 h4f y922 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">million is<span class=\"_ _0\"></span> eliminat<span class=\"_ _2b\"></span>ed at Ageas group lev<span class=\"_ _0\"></span>el. Pleas<span class=\"_ _0\"></span>e refer to not<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\"> </span>32 for the</div>\n<div class=\"t m0 x7 h4f y923 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">resulti<span class=\"_ _0\"></span>ng impa<span class=\"_ _0\"></span>ct on th<span class=\"_ _0\"></span>e consoli<span class=\"_ _2b\"></span>dated income st<span class=\"_ _2b\"></span>atement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c3f ff314 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">20.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c40 ff314 fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls127 ws14c\">SA/NV Sub<span class=\"ls103 ws11f\">or<span class=\"_ _2\"></span>dinated <span class=\"_ _2\"></span>Fixed t<span class=\"_ _2\"></span>o Floati<span class=\"_ _2\"></span>ng Rate <span class=\"_ _2\"></span></span></span></span></div>\n<div class=\"t m0 x7 h6a y1c41 ff314 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Tier 2 <span class=\"_ _2\"></span>Notes <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c42 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 24 Nov<span class=\"_ _2\"></span>ember 2020 <span class=\"wsf1\">Ageas <span class=\"_ _2\"></span></span><span class=\"lse0\">SA/<span class=\"_ _2b\"></span>NV issued debt<span class=\"_ _0\"></span> securit<span class=\"_ _2b\"></span>ies in the for<span class=\"_ _0\"></span>m </span></div>\n<div class=\"t m0 x7 h4f y1c43 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of EUR 5<span class=\"_ _0\"></span>00 mill<span class=\"_ _0\"></span>ion Subo<span class=\"_ _0\"></span>rdinate<span class=\"_ _2b\"></span>d Fixed to Flo<span class=\"_ _0\"></span>ating Rat<span class=\"_ _2b\"></span>e Tier 2 Notes</div>\n<div class=\"t m0 x7 h4f y1c44 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">maturin<span class=\"_ _2b\"></span>g <span class=\"_ _2\"></span>in 205<span class=\"_ _0\"></span>1. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c45 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c46 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Notes h<span class=\"_ _0\"></span>ave a fixed co<span class=\"_ _0\"></span>upon rate of<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>1.87<span class=\"_ _0\"></span>5% payab<span class=\"_ _0\"></span>le a<span class=\"lse2 wsfa\">nnually until<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1c47 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the first re<span class=\"_ _0\"></span>set date (2<span class=\"_ _0\"></span>4 Novem<span class=\"_ _0\"></span>ber 2031). A<span class=\"_ _0\"></span>s of the first r<span class=\"_ _0\"></span>eset date,<span class=\"_ _0\"></span> the</div>\n<div class=\"t m0 x7 h4f y1c48 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">coupon become<span class=\"_ _2\"></span>s payable quarterly<span class=\"_ _2\"></span> at a 3<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">month Euribo<span class=\"_ _2b\"></span>r floating rate </span></span></div>\n<div class=\"t m0 x7 h4f y1c49 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>ed with an initial cred<span class=\"_ _0\"></span>it sprea<span class=\"_ _0\"></span>d and a 100 basi<span class=\"_ _0\"></span>s points st<span class=\"_ _0\"></span>ep<span class=\"ls0 ws0\">-</span><span class=\"wsef\">up. </span></div>\n<div class=\"t m0 x1a h4f y1c4a ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Note tha<span class=\"_ _0\"></span>t Ageas<span class=\"_ _0\"></span> at its <span class=\"_ _0\"></span>option<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">may ch<span class=\"_ _2b\"></span>oose to call the instr<span class=\"_ _0\"></span>ument as of<span class=\"_ _0\"></span> 24 </span></div>\n<div class=\"t m0 x1a h4f y1c4b ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">May 2031,<span class=\"_ _2b\"></span> which is 6 mo<span class=\"_ _0\"></span>nths prio<span class=\"_ _0\"></span>r to the <span class=\"_ _0\"></span>first re<span class=\"_ _0\"></span>set dat<span class=\"_ _0\"></span>e.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c4c ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c4d ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The instr<span class=\"_ _0\"></span>ument qual<span class=\"_ _2b\"></span>ifies as Tier 2 capita<span class=\"_ _0\"></span>l for both Ag<span class=\"_ _0\"></span>eas Group a<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x1a h4f y1c4e ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV under Solvency I<span class=\"_ _2\"></span>I and is rated A<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> </span>by both S<span class=\"_ _2\"></span>tandard &amp; </span></div>\n<div class=\"t m0 x1a h4f y1c4f ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Poor\u2019s and Fitch<span class=\"_ _2\"></span>. T<span class=\"lse0 wsfa\">he ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span> is lis<span class=\"_ _2b\"></span>ted on the regu<span class=\"_ _0\"></span>lated ma<span class=\"_ _2b\"></span>rket of the </span></div>\n<div class=\"t m0 x1a h4f y1c50 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Luxembourg S<span class=\"_ _2\"></span>tock Exchange.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a yee5 ff314 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.3<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c51 ff314 fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls101 ws11b\">SA/NV Perpetual Subord<span class=\"_ _0\"></span>inated Fixed Rate </span></span></div>\n<div class=\"t m0 x1a h6a y1c52 ff314 fs46 fcf sc0 ls10f ws132\" style=\"z-index: 15;\">Resettable<span class=\"_ _0\"></span> Temporary Write<span class=\"ls0 ws0\">-<span class=\"ls127 ws14c\">Down Restr<span class=\"_ _2\"></span>icted Tier </span></span></div>\n<div class=\"t m0 x1a h6a y1c53 ff314 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">1 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f yda4 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 10 Dec<span class=\"_ _2\"></span>ember 2019 <span class=\"wsf1\">Ageas <span class=\"_ _2\"></span><span class=\"ws103\">SA/NV issued subordinated deb<span class=\"_ _2\"></span>t </span></span></div>\n<div class=\"t m0 x1a h4f yda5 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">securities <span class=\"_ _2\"></span>for an aggregate<span class=\"_ _2\"></span> principal amount of <span class=\"_ _2\"></span>EUR 750 million i<span class=\"_ _2\"></span>n the</div>\n<div class=\"t m0 x1a h4f yda6 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">form of Per<span class=\"_ _0\"></span>petual S<span class=\"_ _0\"></span>ubordi<span class=\"_ _0\"></span>nated Fix<span class=\"_ _0\"></span>ed Rate Res<span class=\"_ _0\"></span>ettabl<span class=\"_ _0\"></span>e Tempora<span class=\"_ _0\"></span>ry Write<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1c54 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Down Rest<span class=\"_ _2b\"></span>ricted Tier 1 Notes. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c55 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c56 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">These not<span class=\"_ _0\"></span>es have a fix<span class=\"_ _0\"></span>ed coupon rat<span class=\"_ _2b\"></span>e of 3.875% payab<span class=\"_ _0\"></span>l<span class=\"lse2 ws103\">e annually with </span></div>\n<div class=\"t m0 x1a h4f y1c57 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reset in Jun<span class=\"_ _0\"></span>e 2030 (no st<span class=\"_ _0\"></span>ep<span class=\"ls0 ws0\">-</span>up) and eve<span class=\"_ _2b\"></span>ry 5 <span class=\"_ _2\"></span>yea<span class=\"_ _0\"></span>rs there<span class=\"_ _0\"></span>after. They<span class=\"_ _0\"></span> have</div>\n<div class=\"t m0 x1a h4f y1c58 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">no sched<span class=\"_ _2b\"></span>uled maturity <span class=\"_ _0\"></span>date an<span class=\"_ _0\"></span>d, exce<span class=\"_ _0\"></span>pt in cert<span class=\"_ _0\"></span>ain lim<span class=\"_ _0\"></span>ited cir<span class=\"_ _0\"></span>cumsta<span class=\"_ _0\"></span>nces,</div>\n<div class=\"t m0 x1a h4f y1c59 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">may not be<span class=\"_ _2\"></span> redeemed by <span class=\"wsf1\">Agea<span class=\"_ _2\"></span>s <span class=\"lse0 wsf0\">SA/NV b<span class=\"_ _0\"></span>efore the<span class=\"_ _0\"></span> six month pe<span class=\"_ _0\"></span>riod </span></span></div>\n<div class=\"t m0 x1a h4f y1c5a ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">precedi<span class=\"_ _0\"></span>ng June 20<span class=\"_ _0\"></span>30.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c5b ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c5c ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">They quali<span class=\"_ _2\"></span><span class=\"lse0\">fy<span class=\"_ _0\"></span> as rest<span class=\"_ _0\"></span>ricted T<span class=\"_ _0\"></span>ier 1 ca<span class=\"_ _0\"></span>pital fo<span class=\"_ _0\"></span>r both Ag<span class=\"_ _2b\"></span>eas Group and </span></div>\n<div class=\"t m0 x1a h4f y1c5d ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">SA/NV under So<span class=\"_ _2b\"></span>lvency II and are rate<span class=\"_ _0\"></span>d BBB+ by St<span class=\"_ _0\"></span>andard &amp; </span></span></div>\n<div class=\"t m0 x1a h4f y1c5e ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Poor\u2019s a<span class=\"_ _0\"></span>nd BBB b<span class=\"_ _2b\"></span>y Fitch. They <span class=\"_ _0\"></span>are list<span class=\"_ _2b\"></span>ed on the regul<span class=\"_ _2b\"></span>ated market of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y1c5f ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Luxembourg S<span class=\"_ _2\"></span>tock Exchange<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1c60 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c61 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The net proc<span class=\"_ _0\"></span>eeds from<span class=\"_ _0\"></span> the issua<span class=\"_ _0\"></span>nce o<span class=\"wsfa\">f this<span class=\"_ _0\"></span> instrum<span class=\"_ _2b\"></span>ent were used f<span class=\"_ _0\"></span>or </span></div>\n<div class=\"t m0 x1a h4f y1c62 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">general<span class=\"_ _0\"></span> corporat<span class=\"_ _2b\"></span>e purposes an<span class=\"_ _0\"></span>d to stre<span class=\"_ _0\"></span>ngthen t<span class=\"_ _2b\"></span>he regulatory <span class=\"_ _0\"></span>solve<span class=\"_ _0\"></span>ncy of</div>\n<div class=\"t m0 x1a h4f y1c63 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Ageas Group an<span class=\"_ _2\"></span>d its operating subsidiari<span class=\"_ _2\"></span>es, including by way of</div>\n<div class=\"t m0 x1a h4f y1c64 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">replacing the<span class=\"_ _2\"></span> FRESH securities that were tendered<span class=\"_ _2\"></span> as part of the offer</div>\n<div class=\"t m0 x1a h4f y1c65 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">launche<span class=\"_ _0\"></span>d by Ageas in 201<span class=\"_ _2b\"></span>9 (see 20.1).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c66 ff314 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">20.4<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c67 ff314 fs46 fcf sc0 ls13e ws165\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"ls103 ws11f\">SA/NV S<span class=\"_ _2\"></span>ubordina<span class=\"_ _2\"></span>ted Fix<span class=\"_ _2\"></span>ed to F<span class=\"_ _2\"></span>loating <span class=\"_ _2\"></span>Rate </span></span></div>\n<div class=\"t m0 x1a h6a y1c68 ff314 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Tier 2 <span class=\"_ _2\"></span>Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c69 ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 10 Apr<span class=\"_ _0\"></span>il 2019 <span class=\"_ _0\"></span><span class=\"lse2 wsf1\">Ageas <span class=\"ws103\">SA<span class=\"_ _2\"></span>/NV issued its inaugural debt se<span class=\"_ _2\"></span>curities in </span></span></div>\n<div class=\"t m0 x1a h4f y1c6a ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the form of EU<span class=\"_ _0\"></span>R 500 milli<span class=\"_ _2b\"></span>on Subordinated F<span class=\"_ _0\"></span>ixed to Flo<span class=\"_ _0\"></span>ating Rat<span class=\"_ _0\"></span>e Tier 2</div>\n<div class=\"t m0 x1a h4f y1c6b ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Notes mat<span class=\"_ _0\"></span>uring in 204<span class=\"_ _2b\"></span>9.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c6c ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c6d ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">These not<span class=\"_ _0\"></span>es have a fix<span class=\"_ _0\"></span>ed coupon rat<span class=\"_ _2b\"></span>e of 3.25% payabl<span class=\"_ _0\"></span>e annually<span class=\"_ _0\"></span> until</div>\n<div class=\"t m0 x1a h4f y1c6e ff312 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the first<span class=\"_ _0\"></span> call d<span class=\"_ _0\"></span>ate (2 J<span class=\"_ _0\"></span>uly 202<span class=\"_ _0\"></span>9). As of t<span class=\"_ _2b\"></span>he first call da<span class=\"_ _0\"></span>te, the c<span class=\"_ _2b\"></span>oupon</div>\n<div class=\"t m0 x1a h4f y1c6f ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">becomes<span class=\"_ _0\"></span> payable qu<span class=\"_ _0\"></span>arterly at<span class=\"_ _0\"></span> a 3<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">month Euri<span class=\"_ _0\"></span>bor float<span class=\"_ _2b\"></span>ing rate incre<span class=\"_ _2b\"></span>ased </span></div>\n<div class=\"t m0 x1a h4f y1c70 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">with an init<span class=\"_ _2b\"></span>ial credit spread an<span class=\"_ _2b\"></span>d a 100 bas<span class=\"lse1 ws11d\">is points step<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">up.</span> </span></span></div>\n<div class=\"t m0 x1a h4f y1c71 ff312 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c72 ff312 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">This inst<span class=\"_ _0\"></span>rument qu<span class=\"_ _0\"></span>alifies as T<span class=\"_ _0\"></span>ier 2 capita<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>for bo<span class=\"_ _0\"></span>th Ageas Gr<span class=\"_ _2b\"></span>oup and</div>\n<div class=\"t m0 x1a h4f y1c73 ff312 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV under Solvency I<span class=\"_ _2\"></span>I and is rated A<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> </span>by both S<span class=\"_ _2\"></span>tandard &amp; </span></div>\n<div class=\"t m0 x1a h4f y1c74 ff312 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Poor\u2019s and Fitch<span class=\"_ _2\"></span>. It is listed on the regulate<span class=\"_ _2\"></span>d market of the Luxembourg</div>\n<div class=\"t m0 x1a h4f y1c75 ff312 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Stock Exchan<span class=\"_ _2\"></span>ge<span class=\"ls0 ws0\">.  </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 235px; height: 871px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 235px; height: 871px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 235px; height: 871px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h6a y79c ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.5<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff318 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">AG Insurance Subordinated Fixed to Floating Rate</div>\n<div class=\"t m0 x7 h6a y1c77 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">Tier 2 <span class=\"_ _2\"></span>Loan<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c78 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 27 June 20<span class=\"_ _0\"></span>19, Ageas a<span class=\"_ _0\"></span>nd BNP Par<span class=\"_ _0\"></span>ibas Card<span class=\"_ _0\"></span>if grant<span class=\"_ _0\"></span>ed a EUR 300</div>\n<div class=\"t m0 x7 h4f y1c79 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">million (A<span class=\"_ _2\"></span>geas: EUR 225 million<span class=\"_ _2\"></span>; BNP Paribas Ca<span class=\"_ _2\"></span>rdif: EUR 75 million<span class=\"_ _2\"></span>)</div>\n<div class=\"t m0 x7 h4f y1c7a ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">subordi<span class=\"_ _0\"></span>nated loa<span class=\"_ _0\"></span>n to AG Insur<span class=\"_ _0\"></span>ance at an int<span class=\"_ _0\"></span>erest rat<span class=\"_ _0\"></span>e of 3.25% as a</div>\n<div class=\"t m0 x7 h4f y1c7b ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">partial re<span class=\"_ _2b\"></span>placement for the US<span class=\"_ _2b\"></span>D 550 million notes<span class=\"_ _0\"></span> which had bee<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y1c7c ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">redeem<span class=\"_ _0\"></span>ed in Marc<span class=\"_ _2b\"></span>h 2019. The int<span class=\"_ _2b\"></span>ercompany loan <span class=\"_ _0\"></span>betwee<span class=\"_ _0\"></span>n Ageas a<span class=\"_ _2b\"></span>nd</div>\n<div class=\"t m0 x7 h4f y1c7d ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">AG Insura<span class=\"_ _2b\"></span>nce is eliminated at Ag<span class=\"_ _2b\"></span>eas group level. Th<span class=\"_ _0\"></span>e loan may be<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y1c7e ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">repaid at t<span class=\"_ _0\"></span>he opti<span class=\"wsfa\">on o<span class=\"_ _0\"></span>f AG Ins<span class=\"_ _0\"></span>urance,<span class=\"_ _2b\"></span> in whole but n<span class=\"_ _0\"></span>ot in part,<span class=\"_ _0\"></span> on the f<span class=\"_ _2b\"></span>irst </span></div>\n<div class=\"t m0 x7 h4f y1c7f ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">call date at 2<span class=\"_ _2b\"></span>7 <span class=\"_ _2\"></span>Jun<span class=\"_ _0\"></span>e 2029 or at any in<span class=\"_ _0\"></span>terest pay<span class=\"_ _2b\"></span>ment date thereaf<span class=\"_ _0\"></span>ter. On</div>\n<div class=\"t m0 x7 h4f y1c80 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">their first<span class=\"_ _0\"></span> call date<span class=\"_ _0\"></span> the Notes w<span class=\"_ _0\"></span>ill bear inte<span class=\"_ _0\"></span>rest at a flo<span class=\"_ _0\"></span>ating rat<span class=\"_ _0\"></span>e of 3</div>\n<div class=\"t m0 x7 h4f y1c81 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">month Euribor<span class=\"_ _2\"></span> plus 3.800% per<span class=\"_ _2\"></span> annum, payable q<span class=\"_ _2\"></span>uar<span class=\"lsfc ws115\">terly.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h6a y1c82 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.6<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1c83 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">AG Insuran<span class=\"_ _2\"></span>ce Fixed Rate Reset <span class=\"_ _2\"></span>Dated</div>\n<div class=\"t m0 x7 h6a y1c84 ff318 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f yef4 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 31 Marc<span class=\"_ _2b\"></span>h 2015, AG Ins<span class=\"_ _2b\"></span>urance issued E<span class=\"_ _0\"></span>UR 400 m<span class=\"_ _2b\"></span>illion Fixed R<span class=\"_ _0\"></span>ate</div>\n<div class=\"t m0 x7 h4f yef5 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Reset Dat<span class=\"_ _0\"></span>ed Subor<span class=\"_ _2b\"></span>dinated Tier 2 Secur<span class=\"_ _0\"></span>ities du<span class=\"_ _0\"></span>e 2047 at an inte<span class=\"_ _0\"></span>rest rate</div>\n<div class=\"t m0 x7 h4f y1c85 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of 3.5% and w<span class=\"_ _0\"></span>ith a maturit<span class=\"_ _0\"></span>y of 32 year<span class=\"_ _0\"></span>s. The securit<span class=\"_ _2b\"></span>ies may be</div>\n<div class=\"t m0 x7 h4f y1c86 ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">redeemed at the<span class=\"_ _2\"></span> option of AG<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Insuranc<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>in wh<span class=\"_ _0\"></span>ole but not<span class=\"_ _0\"></span> in part, on the </span></span></div>\n<div class=\"t m0 x7 h4f y1c87 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">first cal<span class=\"_ _0\"></span>l date at 30 June 2<span class=\"_ _0\"></span>027 or at any<span class=\"_ _0\"></span> interest pa<span class=\"_ _0\"></span>yment dat<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>ereafter.<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y1c88 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On the f<span class=\"_ _0\"></span>irst cal<span class=\"_ _0\"></span>l date an<span class=\"_ _0\"></span>d on eac<span class=\"_ _0\"></span>h fifth an<span class=\"_ _0\"></span>nivers<span class=\"_ _0\"></span>ary of t<span class=\"_ _0\"></span>he first <span class=\"_ _0\"></span>call dat<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x7 h4f y1c89 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the int<span class=\"_ _0\"></span>erest <span class=\"wsf0\">rat<span class=\"_ _0\"></span>e will be reset<span class=\"_ _0\"></span> equal to t<span class=\"_ _0\"></span>he sum of the fiv<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span>year e<span class=\"_ _2b\"></span>uro mid </span></div>\n<div class=\"t m0 x7 h4f y1c8a ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">swap rat<span class=\"_ _0\"></span>e plus 3.<span class=\"_ _2b\"></span>875%. The Note<span class=\"_ _0\"></span>s are lis<span class=\"_ _0\"></span>ted on t<span class=\"_ _2b\"></span>he Luxembourg <span class=\"_ _2b\"></span>Stock</div>\n<div class=\"t m0 x7 h4f y1c8b ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Exchange and<span class=\"_ _2\"></span> qualify as Tier<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span><span class=\"lse0\">2 capi<span class=\"_ _0\"></span>tal und<span class=\"_ _0\"></span>er Solv<span class=\"_ _0\"></span>ency II.<span class=\"_ _0\"></span> They are <span class=\"_ _0\"></span>rated </span></div>\n<div class=\"t m0 x7 h4f y1c8c ff316 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">A- <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">by both Standard<span class=\"_ _2\"></span> &amp; Poor\u2019s and <span class=\"_ _2\"></span>Fitch.</span> </div>\n<div class=\"t m0 x1a h6a y79c ff318 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">20.7<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y79d ff318 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">AG Insur<span class=\"_ _2\"></span><span class=\"ls10c ws12f\">ance F<span class=\"_ _2\"></span>ixed<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls101 ws11b\">to Floating Callable<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span></span></span></span></div>\n<div class=\"t m0 x1a h6a y1c77 ff318 fs46 fcf sc0 ls101 ws11b\" style=\"z-index: 15;\">Subordinated Tier 2 Notes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c78 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 18 Dec<span class=\"_ _2\"></span>ember 2013, AG In<span class=\"_ _2\"></span>surance issued EUR 45<span class=\"_ _2\"></span>0 million Fixed<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lsfc ws115\">to</span>-</span></div>\n<div class=\"t m0 x1a h4f y1c79 ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Floati<span class=\"_ _0\"></span>ng Callab<span class=\"_ _0\"></span>le Subordi<span class=\"_ _0\"></span>nated Ti<span class=\"_ _0\"></span>er 2 Notes due 2<span class=\"_ _0\"></span>044 at an inter<span class=\"_ _2b\"></span>est rate</div>\n<div class=\"t m0 x1a h4f y1c7a ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of 5.25% and w<span class=\"_ _0\"></span>ith a matur<span class=\"_ _0\"></span>ity of 31 ye<span class=\"_ _0\"></span>ars. The not<span class=\"_ _0\"></span>es may be <span class=\"lse2 wsf1\">redeemed </span></div>\n<div class=\"t m0 x1a h4f y1c7b ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">at the o<span class=\"_ _0\"></span>ption of A<span class=\"_ _2b\"></span>G Insurance, i<span class=\"_ _0\"></span>n whole b<span class=\"_ _2b\"></span>ut not in part, <span class=\"_ _0\"></span>on the f<span class=\"_ _0\"></span>irst cal<span class=\"_ _0\"></span>l</div>\n<div class=\"t m0 x1a h4f y1c7c ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">date at 18 Jun<span class=\"_ _0\"></span>e 2024 or at any i<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span> payment da<span class=\"_ _0\"></span>te there<span class=\"_ _0\"></span>after. On</div>\n<div class=\"t m0 x1a h4f y1c7d ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fi<span class=\"_ _0\"></span>rst call <span class=\"_ _0\"></span>date t<span class=\"_ _0\"></span>he Notes<span class=\"_ _0\"></span> will be<span class=\"_ _0\"></span>ar inter<span class=\"_ _0\"></span>est at a fl<span class=\"_ _2b\"></span>oating rate of<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1c7e ff316 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">3 <span class=\"lse0 wsf0\">month Euribor p<span class=\"_ _0\"></span>lus 4.136%<span class=\"_ _0\"></span> per<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">annum, payable<span class=\"_ _2\"></span> quarterly. </span> </span></span></div>\n<div class=\"t m0 x1a h4f y1c7f ff316 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1c80 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The Notes a<span class=\"_ _2\"></span>re subscribed by <span class=\"wsf1\">A<span class=\"_ _2\"></span>geas <span class=\"lsfa ws136\">SA/NV (<span class=\"_ _2\"></span>EUR<span class=\"ls0 ws0\"> </span></span>350<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">million) and by </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c81 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">BNP Paribas <span class=\"_ _2\"></span>Fortis SA/NV (EUR<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">100 mi<span class=\"_ _0\"></span>llion) an<span class=\"_ _0\"></span>d are listed o<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the </span></span></div>\n<div class=\"t m0 x1a h4f y1c8d ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Luxembourg S<span class=\"_ _2\"></span>tock Exchange. The Notes qualify a<span class=\"_ _2\"></span>s Tier<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">2 capital u<span class=\"_ _2b\"></span>nder </span></span></div>\n<div class=\"t m0 x1a h4f y1c8e ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Solvency II and are<span class=\"_ _2\"></span> rated A<span class=\"ls0 ws0\">- <span class=\"lse0 wsf0\">by both Standar<span class=\"_ _0\"></span>d &amp; Poor\u2019s an<span class=\"_ _0\"></span>d Fitch. Th<span class=\"_ _0\"></span>e </span></span></div>\n<div class=\"t m0 x1a h4f y1c8f ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">part under<span class=\"_ _2\"></span>written by <span class=\"wsf1\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">SA/NV is eliminat<span class=\"_ _0\"></span>ed as inte<span class=\"_ _0\"></span>rcompa<span class=\"_ _0\"></span>ny </span></span></span></div>\n<div class=\"t m0 x1a h4f y1c90 ff316 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a yef4 ff318 fs46 fcf sc0 ls10e ws131\" style=\"z-index: 15;\">20.8<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h6a y1c91 ff318 fs46 fcf sc0 ls127 ws14c\" style=\"z-index: 15;\">Millenniumbcp <span class=\"_ _2\"></span>Ageas Fixed<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"ls101 ws11b\">to</span>-<span class=\"ls112 ws133\">Floating Callable </span></span></div>\n<div class=\"t m0 x1a h6a y1c92 ff318 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Subordinated Grandfathered <span class=\"_ _2\"></span>Restricted Tier 1 Loan<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1c93 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 5 Dec<span class=\"_ _0\"></span>ember 2<span class=\"_ _0\"></span>014, Ag<span class=\"_ _0\"></span>eas Ins<span class=\"_ _0\"></span>urance I<span class=\"_ _2b\"></span>nternational N.<span class=\"_ _2b\"></span>V. (51%) (AII)</div>\n<div class=\"t m0 x1a h4f y1c94 ff316 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and BCP I<span class=\"_ _0\"></span>nvestm<span class=\"_ _2b\"></span>ents B.V. (49%<span class=\"_ _2b\"></span>) granted a su<span class=\"_ _0\"></span>bordinat<span class=\"_ _2b\"></span>ed loan of</div>\n<div class=\"t m0 x1a h4f y1c95 ff316 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">120 million t<span class=\"_ _0\"></span>o Mille<span class=\"_ _0\"></span>nniumbc<span class=\"_ _0\"></span>p Ageas at<span class=\"_ _0\"></span> 4.75% <span class=\"_ _2b\"></span>per annum up to t<span class=\"_ _2b\"></span>he </span></span></div>\n<div class=\"t m0 x1a h4f y1c96 ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">first call da<span class=\"_ _2\"></span>te in December 2019 and 6 month Eur<span class=\"_ _2\"></span>ibor + 475 basis points</div>\n<div class=\"t m0 x1a h4f y1c97 ff316 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">per annum <span class=\"_ _2\"></span>thereafter. <span class=\"ls0 ws0\">A<span class=\"lse0 wsf0\">s of Q2 2020 the loan pre<span class=\"_ _0\"></span>viously<span class=\"_ _0\"></span> owned by </span></span></div>\n<div class=\"t m0 x1a h4f y1c98 ff316 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas Insuran<span class=\"_ _2\"></span>ce International has been tran<span class=\"_ _2\"></span>sferred to the balance sheet<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1c99 ff316 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">of <span class=\"lse2 wsf1\">Ageas <span class=\"_ _2\"></span><span class=\"lsfa ws114\">SA/NV.<span class=\"ls0 ws0\"> </span></span><span class=\"ws103\">The par<span class=\"_ _2\"></span>t underwritten by </span>Ageas <span class=\"wsfa\">SA<span class=\"_ _2\"></span>/NV is eliminated </span></span></div>\n<div class=\"t m0 x1a h4f y1c9a ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">because i<span class=\"_ _0\"></span>t is an interco<span class=\"_ _2b\"></span>mpany transac<span class=\"_ _0\"></span>tion. The Not<span class=\"_ _2b\"></span>es qualify as</div>\n<div class=\"t m0 x1a h4f y1c9b ff316 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Grandf<span class=\"_ _0\"></span>athered Ti<span class=\"_ _2b\"></span>er<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsfa\">1 capital under Sol<span class=\"_ _2\"></span>vency II.</span> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 582px; height: 524px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 582px; height: 524px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 582px; height: 524px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSubordinatedLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag539": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Borro<span class=\"_ _2b\"></span>win<span class=\"_ _2\"></span>gs</div>\n<div class=\"t m0 x66 h52 y1550 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y1550 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Repurchase agreements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">2,153<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">2,078<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">899<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">838<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff31c fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Due to ba<span class=\"_ _2b\"></span>nks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">3,052<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">2,916<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Funds held under reinsurance agreements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">67<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Lease liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 727px; z-index: 15;\">630<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 727px; z-index: 15;\">560<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Other borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff31c fs3c fc10 sc0 lsee ws101\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total borrowings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 697px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 697px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c9e ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c9f ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca0 ff31a fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Repurchase a<span class=\"_ _2\"></span>greements are essen<span class=\"_ _2\"></span>tially secured shor<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term loa<span class=\"_ _2b\"></span>ns <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>at </span></span></div>\n<div class=\"t m0 x7 h4f y1ca1 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are used to h<span class=\"_ _0\"></span>edge specif<span class=\"_ _2b\"></span>ic investment<span class=\"_ _0\"></span>s with resett<span class=\"_ _2b\"></span>able interest rat<span class=\"_ _2b\"></span>es and</div>\n<div class=\"t m0 x7 h4f y1ca2 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for cash man<span class=\"_ _2b\"></span>agement purpos<span class=\"_ _0\"></span>es. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1ca3 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca4 ff31a fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas has p<span class=\"_ _2\"></span>ledged <span class=\"ws103\">property as <span class=\"lse0 wsf0\">collateral for l<span class=\"_ _2b\"></span>oans and other with a </span></span></div>\n<div class=\"t m0 x7 h4f y1ca5 ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">carrying amoun<span class=\"_ _2\"></span><span class=\"lsfc ws0\">t of EUR<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span><span class=\"wsf1\">159<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">millio<span class=\"_ _2\"></span>n (</span></span>2021<span class=\"ls0 ws0\">: <span class=\"lsfa ws114\">E<span class=\"_ _2\"></span>UR</span> </span>166<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million<span class=\"_ _2\"></span>). </span> </span></span></div>\n<div class=\"t m0 x7 h4f y1ca6 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca7 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The carry<span class=\"_ _0\"></span>ing value of<span class=\"_ _0\"></span> the borrow<span class=\"_ _0\"></span>ings is a reas<span class=\"_ _0\"></span>onabl<span class=\"_ _0\"></span>e approxi<span class=\"_ _0\"></span>mation of</div>\n<div class=\"t m0 x7 h4f y1ca8 ff31a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">their fa<span class=\"_ _0\"></span>ir valu<span class=\"_ _0\"></span>e as cont<span class=\"_ _0\"></span>ract mat<span class=\"_ _2b\"></span>urities are l<span class=\"_ _0\"></span>ess than <span class=\"_ _0\"></span>one ye<span class=\"_ _0\"></span>ar (repu<span class=\"_ _0\"></span>rchase</div>\n<div class=\"t m0 x1a h4f y1ca9 ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">agreem<span class=\"_ _0\"></span>ents) and/<span class=\"_ _0\"></span>or contrac<span class=\"_ _0\"></span>ts carry a f<span class=\"_ _0\"></span>loating rat<span class=\"_ _2b\"></span>e (loans<span class=\"ls0 ws0\"> </span>from bank<span class=\"_ _0\"></span>s<span class=\"lsf4 ws10c\">). </span></div>\n<div class=\"t m0 x1a h4f y1caa ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Accordingly<span class=\"_ _2\"></span>, the fair value is based upo<span class=\"lse0 wsf0\">n observable mar<span class=\"_ _2b\"></span>ket data </span></div>\n<div class=\"t m0 x1a h4f y1cab ff31a fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">(level<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2).</span> </span></div>\n<div class=\"t m0 x1a h4f y1cac ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1cad ff31a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The leas<span class=\"_ _2b\"></span>e liabilities ar<span class=\"_ _2b\"></span>e discounted u<span class=\"_ _0\"></span>sing the <span class=\"_ _2b\"></span>lessee\u2019s incre<span class=\"_ _0\"></span>mental</div>\n<div class=\"t m0 x1a h4f y1cae ff31a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">borrow<span class=\"_ _0\"></span>ing rate and<span class=\"_ _0\"></span> the interest<span class=\"_ _0\"></span> expense on t<span class=\"_ _0\"></span>he lease li<span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> is</div>\n<div class=\"t m0 x1a h4f y1caf ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">presented sepa<span class=\"_ _2\"></span>rately from the depreciation e<span class=\"_ _2\"></span>xpense of the right<span class=\"ls0 ws0\">-<span class=\"lse0 wsef\">of</span>-<span class=\"lse0 wsef\">use </span></span></div>\n<div class=\"t m0 x1a h4f y1cb0 ff31a fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">asset.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cb1 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cb2 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y601 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 477px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 477px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 461px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y605 ff31c fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 446px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 446px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 446px; z-index: 15;\">3,920<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 431px; z-index: 15;\">Transfer to held for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 431px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y603 ff31c fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 431px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Acquisition/divestments of subsidiarie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 416px; z-index: 15;\">150<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y605 ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 416px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Proceeds from issuance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 401px; z-index: 15;\">223<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 401px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 387px; z-index: 15;\">Payments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 387px; z-index: 15;\">(167)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 387px; z-index: 15;\">(375)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Foreign <span class=\"wsf3\">exchange differences and other c<span class=\"_ _0\"></span>hanges<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 372px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 372px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 357px; z-index: 15;\">3,812<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 357px; z-index: 15;\">3,616<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cbc ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbd ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbe ff31a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>ble shows the undiscounted cash<span class=\"_ _2\"></span> flows of the borrowings, excep<span class=\"_ _2\"></span>t for lease liabilities, cla<span class=\"_ _2\"></span>ssified by relevant<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">mat<span class=\"_ _2\"></span>urity group as at<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1cbf ff31a fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span>Decemb<span class=\"_ _0\"></span>er.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cc0 ff31a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff31a fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 263px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y70b ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 263px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y70b ff31a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 263px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff31a fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 247px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 232px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 232px; z-index: 15;\">2,455<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 232px; z-index: 15;\">2,898<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 217px; z-index: 15;\">1 year to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 217px; z-index: 15;\">59<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 217px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 202px; z-index: 15;\">3 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 202px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 202px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 188px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 188px; z-index: 15;\">624<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff31a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 188px; z-index: 15;\">94<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff31c fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 173px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 173px; z-index: 15;\">3,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff31c fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 173px; z-index: 15;\">3,056<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 162px; height: 799px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 162px; height: 799px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 162px; height: 799px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 162px; height: 799px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As a conseq<span class=\"_ _0\"></span>uence of the C<span class=\"_ _2b\"></span>ovid pandemic, th<span class=\"_ _0\"></span>e Group\u2019s c<span class=\"_ _2b\"></span>ar park</div>\n<div class=\"t m0 x7 h4f y803 ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">subsidiary<span class=\"_ _2\"></span> Interparking (51% ow<span class=\"_ _2\"></span>ned by AG Insurance)<span class=\"_ _2\"></span> received waivers</div>\n<div class=\"t m0 x7 h4f y804 ff31f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">related t<span class=\"_ _2b\"></span>o loan covena<span class=\"_ _0\"></span>nts in th<span class=\"_ _0\"></span>e first h<span class=\"_ _2b\"></span>alf of 2021. Co<span class=\"_ _0\"></span>nseque<span class=\"_ _0\"></span>ntly, lo<span class=\"_ _0\"></span>ng<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y805 ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">term bank b<span class=\"_ _0\"></span>orrowi<span class=\"_ _0\"></span>ngs, for whic<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>wa<span class=\"_ _0\"></span>ivers we<span class=\"_ _0\"></span>re obtaine<span class=\"_ _0\"></span>d,<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">were </span></span></div>\n<div class=\"t m0 x1a h4f y1cca ff31f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">reclass<span class=\"_ _0\"></span>ified f<span class=\"_ _0\"></span>rom long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">term to sh<span class=\"_ _0\"></span>ort<span class=\"ls0 ws0\">-</span><span class=\"wsf0\">term. Th<span class=\"_ _0\"></span>e activit<span class=\"_ _0\"></span>ies of Inter<span class=\"_ _2b\"></span>parking </span></span></span></div>\n<div class=\"t m0 x1a h4f y1ccb ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">since reco<span class=\"_ _2\"></span>vered<span class=\"lse0\">, resul<span class=\"_ _2b\"></span>ting in Inter<span class=\"_ _0\"></span>parking <span class=\"_ _0\"></span>meetin<span class=\"_ _0\"></span>g its loa<span class=\"_ _0\"></span>n covena<span class=\"_ _2b\"></span>nts. </span></div>\n<div class=\"t m0 x1a h4f y1ccc ff31f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Therefo<span class=\"_ _2b\"></span>re, an amount of long<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">term <span class=\"_ _2\"></span>bank borrowings <span class=\"ls104 ws116\">of EUR 491</span></span> <span class=\"ls102 ws11d\">mil<span class=\"_ _2\"></span>lion </span></span></div>\n<div class=\"t m0 x1a h4f y1ccd ff31f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">has been <span class=\"_ _2\"></span>reclassified from<span class=\"_ _2\"></span> short<span class=\"ls0 ws0\">-</span><span class=\"wsf1\">ter<span class=\"lse0 wsf0\">m to long<span class=\"ls0 ws0\">-<span class=\"lsfc ws115\">term <span class=\"_ _2\"></span></span></span><span class=\"wsfa\">at t<span class=\"_ _0\"></span>he report<span class=\"_ _0\"></span>ing dat<span class=\"_ _0\"></span>e<span class=\"ls0 ws0\">. </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1cce ff31f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 ff31f fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Lease obl<span class=\"_ _0\"></span>igations<span class=\"_ _0\"></span> as lessee (<span class=\"_ _0\"></span>undisco<span class=\"_ _2b\"></span>unted)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y809 ff31f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff31f fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 970px; z-index: 15;\"> </div>\n<div class=\"t m0 x387 h52 y5ff ff31f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 695px; bottom: 970px; z-index: 15;\">Minimum lease <span class=\"wsf4\">payments<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y608 ff31f fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 956px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y608 ff31f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 956px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y608 ff31f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 956px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 940px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 925px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 925px; z-index: 15;\">86<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y605 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 925px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 910px; z-index: 15;\">1 year to 2 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 910px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 910px; z-index: 15;\">77<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 896px; z-index: 15;\">2 years to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 896px; z-index: 15;\">73<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 896px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 881px; z-index: 15;\">3 years to 4 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 881px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 881px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 866px; z-index: 15;\">4 years to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 866px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y638 ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 866px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 851px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 851px; z-index: 15;\">495<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 851px; z-index: 15;\">440<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff321 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 836px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff321 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 836px; z-index: 15;\">852<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff321 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 836px; z-index: 15;\">766<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff31f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 821px; z-index: 15;\">Annual rental expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 ydd0 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 821px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 ydd0 ff31f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 821px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 806px; z-index: 15;\">Future finance charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 806px; z-index: 15;\">222<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff31f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 806px; z-index: 15;\">206<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 795px; height: 311px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 795px; height: 311px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 795px; height: 311px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 795px; height: 311px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag467": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Current and def<span class=\"_ _2b\"></span>e<span class=\"_ _2\"></span>rr<span class=\"_ _0\"></span>ed ta<span class=\"_ _2\"></span>x</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">assets and lia<span class=\"_ _2\"></span>bilities</div>\n<div class=\"t m0 x7 h4f y17d5 ff323 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The compo<span class=\"_ _2b\"></span>nents of deferred t<span class=\"_ _0\"></span>ax assets<span class=\"_ _0\"></span> and deferr<span class=\"_ _0\"></span>ed tax liabi<span class=\"_ _2b\"></span>lities as at 31<span class=\"ls0 ws0\"> <span class=\"lse2 wsfa\">December are<span class=\"_ _2\"></span> shown below.</span> </span></div>\n<div class=\"t m0 x7 h4f y1ce3 ff323 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x15d h52 y605 ff323 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 490px; bottom: 801px; z-index: 15;\">Statement of financial position<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e3 h52 y605 ff323 fs3c fc10 sc0 lsec ws100\" style=\"left: 724px; bottom: 801px; z-index: 15;\">Inc<span class=\"_ _2\"></span>ome statem<span class=\"_ _2\"></span>ent<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x2f h52 y5f4 ff323 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 496px; bottom: 786px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff323 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 589px; bottom: 786px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff323 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 682px; bottom: 786px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f h52 y5f4 ff323 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 777px; bottom: 786px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff323 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 770px; z-index: 15;\">Deferred tax assets related to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h54 y5f2 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 515px; bottom: 770px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h54 y5f2 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 608px; bottom: 770px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h54 y5f2 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 701px; bottom: 770px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h54 y5f2 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 770px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 755px; z-index: 15;\">Financial <span class=\"wsf6\">investments (available for sale)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x388 h52 y60e ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 755px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y60e ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 755px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y60e ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 755px; z-index: 15;\">(10)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 755px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f9 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5f9 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 741px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5f9 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 741px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f9 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x5d h52 y5f9 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 741px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y60e ff323 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 726px; z-index: 15;\">Loans to customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 726px; z-index: 15;\">1</div>\n<div class=\"t m0 x5d h52 y60e ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 726px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y60e ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 726px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y60e ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 726px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 711px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 711px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 711px; z-index: 15;\">42<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 711px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5fc ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 711px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 696px; z-index: 15;\">Intangible assets (excluding g<span class=\"_ _0\"></span>oodwill)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f7 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 696px; z-index: 15;\">8</div>\n<div class=\"t m0 x5d h52 y5f7 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 696px; z-index: 15;\">8</div>\n<div class=\"t m0 x5e h52 y5f7 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 696px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5f7 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 696px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 681px; z-index: 15;\">Insurance policy and claim<span class=\"_ _0\"></span> reserves<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 681px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 681px; z-index: 15;\">664<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 681px; z-index: 15;\">(27)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5fc ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 681px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 666px; z-index: 15;\">Debt <span class=\"wsf3\">certificates and subordinated liabilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x5e h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 515px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 608px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 666px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 651px; z-index: 15;\">Provisions for pensions and p<span class=\"_ _2b\"></span>ost<span class=\"_ _2\"></span><span class=\"ls0 ws0\">-</span>retirement benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 651px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 651px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 651px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 651px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 637px; z-index: 15;\">7</div>\n<div class=\"t m0 x5d h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 637px; z-index: 15;\">8</div>\n<div class=\"t m0 x30 h52 y601 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 637px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y601 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 637px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 622px; z-index: 15;\">Accrued expenses and de<span class=\"_ _0\"></span>ferred income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 622px; z-index: 15;\">1</div>\n<div class=\"t m0 x5e h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 608px; bottom: 622px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 622px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 622px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff323 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 607px; z-index: 15;\">Unused tax losses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y605 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 607px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y605 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 607px; z-index: 15;\">106<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y605 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 607px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 607px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 592px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 592px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 592px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 696px; bottom: 592px; z-index: 15;\">1</div>\n<div class=\"t m0 x5d h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 592px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y638 ff325 fs3c fc10 sc0 lse7 ws109\" style=\"left: 69px; bottom: 577px; z-index: 15;\">Gross <span class=\"lse4 wsf3\">deferred tax<span class=\"_ _0\"></span> assets<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x67 h54 y638 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 577px; z-index: 15;\">310<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y638 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 577px; z-index: 15;\">1,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y638 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 577px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y638 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 791px; bottom: 577px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f4 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 562px; z-index: 15;\">Unrecognised deferred tax as<span class=\"_ _0\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f4 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 515px; bottom: 562px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h52 y5f4 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 592px; bottom: 562px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f4 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 562px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5f4 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 562px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff325 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 547px; z-index: 15;\">Net deferred tax assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h54 y5f9 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 547px; z-index: 15;\">310<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f9 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 547px; z-index: 15;\">1,013<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x146 h54 y5f9 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 547px; z-index: 15;\">(45)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f9 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 791px; bottom: 547px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 ydd0 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 533px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 ydd0 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 515px; bottom: 533px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 ydd0 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 608px; bottom: 533px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 ydd0 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 533px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 ydd0 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 533px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff323 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 518px; z-index: 15;\">Deferred tax liabilities related to:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5f9 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 515px; bottom: 518px; z-index: 15;\">  </div>\n<div class=\"t m0 x5e h52 y5f9 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 608px; bottom: 518px; z-index: 15;\">  </div>\n<div class=\"t m0 x5e h52 y5f9 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 701px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5f9 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 518px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff323 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 503px; z-index: 15;\">Financial investments (available for sale)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h52 ydd0 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 503px; z-index: 15;\">(654)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h52 ydd0 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 503px; z-index: 15;\">1,489<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 ydd0 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 503px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 ydd0 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 503px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff323 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 488px; z-index: 15;\">Inv<span class=\"_ _2\"></span>estment <span class=\"_ _2\"></span><span class=\"lse4 wsf4\">property<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x388 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 488px; z-index: 15;\">84<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 488px; z-index: 15;\">98<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5fc ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 696px; bottom: 488px; z-index: 15;\">6</div>\n<div class=\"t m0 x30 h52 y5fc ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 488px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff323 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 473px; z-index: 15;\">Loans to customers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y63a ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 473px; z-index: 15;\">2</div>\n<div class=\"t m0 x5d h52 y63a ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 473px; z-index: 15;\">2</div>\n<div class=\"t m0 x5e h52 y63a ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 473px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y63a ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 473px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 458px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 458px; z-index: 15;\">175<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 458px; z-index: 15;\">124<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 696px; bottom: 458px; z-index: 15;\">7</div>\n<div class=\"t m0 x5d h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 458px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y63a ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 444px; z-index: 15;\">Intangible assets (excluding g<span class=\"_ _0\"></span>oodwill)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h52 y63a ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 444px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y63a ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 444px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y63a ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 696px; bottom: 444px; z-index: 15;\">3</div>\n<div class=\"t m0 x5d h52 y63a ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 444px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y5ff ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 429px; z-index: 15;\">Debt certificates and subordina<span class=\"_ _0\"></span>ted liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 429px; z-index: 15;\">1</div>\n<div class=\"t m0 x5d h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 429px; z-index: 15;\">1</div>\n<div class=\"t m0 x5e h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5ff ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 429px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 414px; z-index: 15;\">Other provisions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y601 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 414px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y601 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 414px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y601 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 414px; z-index: 15;\"> </div>\n<div class=\"t m0 x30 h52 y601 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 414px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 399px; z-index: 15;\">Deferred policy <span class=\"lsef ws102\">acquisit<span class=\"_ _2\"></span>ion costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x388 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 399px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 399px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 696px; bottom: 399px; z-index: 15;\">2</div>\n<div class=\"t m0 x30 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 399px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 384px; z-index: 15;\">Deferred expense and <span class=\"_ _0\"></span>accrued income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y605 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 510px; bottom: 384px; z-index: 15;\">1</div>\n<div class=\"t m0 x5d h52 y605 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 384px; z-index: 15;\">1</div>\n<div class=\"t m0 x5e h52 y605 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 701px; bottom: 384px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y605 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 384px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff323 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 369px; z-index: 15;\">Tax exempt realised reserves<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 369px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y603 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 369px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 696px; bottom: 369px; z-index: 15;\">2</div>\n<div class=\"t m0 x5d h52 y603 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 369px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y638 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 354px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y638 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 505px; bottom: 354px; z-index: 15;\">13<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h52 y638 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 354px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x30 h52 y638 ff323 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 690px; bottom: 354px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y638 ff323 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 354px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h54 y5f4 ff325 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 340px; z-index: 15;\">Total de<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d tax lia<span class=\"_ _2b\"></span>bilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y5f4 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 494px; bottom: 340px; z-index: 15;\">(210)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x24 h54 y5f4 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 585px; bottom: 340px; z-index: 15;\">1,884<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h54 y5f4 ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 691px; bottom: 340px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f4 ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 791px; bottom: 340px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y638 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 325px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y638 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 515px; bottom: 325px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y638 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 608px; bottom: 325px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y638 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 701px; bottom: 325px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y638 ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 325px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff325 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 310px; z-index: 15;\">Deferred tax income (expense)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h54 y60e ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 515px; bottom: 310px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h54 y60e ff325 fs3c fc10 sc0 ls0 ws0\" style=\"left: 608px; bottom: 310px; z-index: 15;\"> </div>\n<div class=\"t m0 x146 h54 y60e ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 685px; bottom: 310px; z-index: 15;\">(34)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x388 h54 y60e ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 310px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y70b ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 295px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y70b ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 515px; bottom: 295px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y70b ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 608px; bottom: 295px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y70b ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 701px; bottom: 295px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y70b ff323 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 295px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff325 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 280px; z-index: 15;\">Net deferred tax asset (liability)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x67 h54 y60e ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 500px; bottom: 280px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x48 h54 y60e ff325 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 587px; bottom: 280px; z-index: 15;\">(871)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 269px; height: 692px; width: 94%; z-index: 2;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d income tax ass<span class=\"_ _2b\"></span>ets and liabil<span class=\"_ _0\"></span>ities a<span class=\"_ _0\"></span>re offset<span class=\"_ _0\"></span> when t<span class=\"_ _0\"></span>here is a <span class=\"_ _0\"></span>legally<span class=\"_ _0\"></span> enforc<span class=\"_ _0\"></span>eable ri<span class=\"_ _2b\"></span>ght to offset cur<span class=\"_ _2b\"></span>rent tax assets <span class=\"_ _0\"></span><span class=\"lse2 ws103\">against current<span class=\"_ _2\"></span> tax liabilities and </span></div>\n<div class=\"t m0 x7 h4f y803 ff328 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">when the de<span class=\"_ _2\"></span>ferred income <span class=\"lse0 wsf0\">taxes relate to th<span class=\"_ _0\"></span>e same taxat<span class=\"_ _2b\"></span>ion authority. The am<span class=\"_ _2b\"></span>ounts in the statem<span class=\"_ _2b\"></span>ent of financial pos<span class=\"_ _0\"></span>ition aft<span class=\"_ _2b\"></span>er such offsettin<span class=\"_ _0\"></span>g are as </span></div>\n<div class=\"t m0 x7 h4f y804 ff328 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">follows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y805 ff328 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff328 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1033px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5ff ff328 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1033px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5ff ff328 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1033px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff328 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff328 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff328 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff328 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 1003px; z-index: 15;\">Deferred tax asset<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff328 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1003px; z-index: 15;\">918<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff328 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1003px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff328 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 988px; z-index: 15;\">Deferred tax liability<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff328 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 988px; z-index: 15;\">398<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y605 ff328 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 988px; z-index: 15;\">971<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff32a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 973px; z-index: 15;\">Net deferred tax<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f4 ff32a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 973px; z-index: 15;\">520<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h54 y5f4 ff32a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 973px; z-index: 15;\">(871)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1135 ff328 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1136 ff328 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1137 ff328 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As at 31<span class=\"ls0 ws0\"> </span><span class=\"wsef\">Decem<span class=\"_ _0\"></span>ber <span class=\"lse2 wsf1\">2022<span class=\"lsf4 ws10c\">, </span></span><span class=\"wsf0\">the current tax as<span class=\"_ _0\"></span>sets rec<span class=\"_ _0\"></span>orded in equ<span class=\"_ _0\"></span>ity </span></span></div>\n<div class=\"t m0 x7 h4f y1138 ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">amounts<span class=\"_ _0\"></span> to <span class=\"lse2 wsf1\">EUR<span class=\"ls0 ws0\"> </span>34 <span class=\"ls102 ws11d\">mill<span class=\"_ _2\"></span>ion<span class=\"ls0 ws0\"> (</span></span>2021<span class=\"lsfa ws11e\">: E<span class=\"_ _2\"></span>UR<span class=\"ls0 ws0\"> </span></span><span class=\"ws103\">(42) million curren<span class=\"_ _2\"></span>t tax liability). </span></span></div>\n<div class=\"t m0 x7 h4f y1139 ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The net d<span class=\"_ _2b\"></span>eferred tax ass<span class=\"_ _0\"></span>ets rec<span class=\"_ _0\"></span>orded i<span class=\"_ _0\"></span>n equity i<span class=\"_ _2b\"></span>s EUR 684 milli<span class=\"_ _0\"></span>on <span class=\"ls0 ws0\">(<span class=\"lse2 wsf1\">2021: </span></span></div>\n<div class=\"t m0 x7 h4f y113a ff328 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR (841) <span class=\"ls102 ws11d\">million<span class=\"ls0 ws0\"> </span></span><span class=\"wsfa\">net def<span class=\"_ _0\"></span>erred ta<span class=\"_ _0\"></span>x liabilit<span class=\"_ _2b\"></span>y).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y113b ff328 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y113c ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Deferre<span class=\"_ _2b\"></span>d tax assets a<span class=\"_ _0\"></span>re recog<span class=\"_ _0\"></span>nised to<span class=\"_ _0\"></span> the exte<span class=\"_ _2b\"></span>nt that it is pr<span class=\"_ _0\"></span>obable t<span class=\"_ _0\"></span>hat</div>\n<div class=\"t m0 x7 h4f y113d ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">there wi<span class=\"_ _0\"></span>ll be suf<span class=\"_ _0\"></span>ficient<span class=\"_ _2b\"></span> future taxabl<span class=\"_ _0\"></span>e profit<span class=\"_ _0\"></span> against<span class=\"_ _0\"></span> which t<span class=\"_ _2b\"></span>he deferred tax</div>\n<div class=\"t m0 x7 h4f y113e ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">asset ca<span class=\"_ _2b\"></span>n be utilised. D<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d tax ass<span class=\"_ _2b\"></span>ets have be<span class=\"wsf0\">en rec<span class=\"_ _2b\"></span>ognised on </span></div>\n<div class=\"t m0 x1a h4f y1d03 ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unused <span class=\"_ _0\"></span>(claime<span class=\"_ _0\"></span>d) tax los<span class=\"_ _0\"></span>ses an<span class=\"_ _0\"></span>d unuse<span class=\"_ _0\"></span>d tax cre<span class=\"_ _0\"></span>dits at a<span class=\"_ _0\"></span>n estim<span class=\"_ _0\"></span>ated tax</div>\n<div class=\"t m0 x1a h4f y1d04 ff328 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">value of <span class=\"lse2 wsfa\">EUR 73 million (20<span class=\"_ _2\"></span>21: EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">79<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">mi<span class=\"_ _2\"></span>llion).</span> </span></span><span class=\"lse0\">The tax loss<span class=\"_ _2b\"></span>es that </span></span></div>\n<div class=\"t m0 x1a h4f y1d05 ff328 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">have not be<span class=\"_ _0\"></span>en recogn<span class=\"_ _2b\"></span>ised amount to EUR<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">3,374</span> </span>millio<span class=\"_ _0\"></span>n at 31 Decem<span class=\"_ _0\"></span>ber</div>\n<div class=\"t m0 x1a h4f y1d06 ff328 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">2022 (2021:<span class=\"_ _2\"></span> EUR<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">3,200<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">mil<span class=\"_ _2\"></span>lion). </span></span><span class=\"ws103\">Most of the<span class=\"_ _2\"></span> (claimed) tax loss carry </span></span></div>\n<div class=\"t m0 x1a h4f y1d07 ff328 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">forward posi<span class=\"_ _2\"></span>tion originates from the liqu<span class=\"_ _2\"></span>idation of Brussels Liquida<span class=\"_ _2\"></span>tion</div>\n<div class=\"t m0 x1a h4f y1d08 ff328 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Holding <span class=\"_ _0\"></span>(the fo<span class=\"_ _0\"></span>rmer Fort<span class=\"_ _2b\"></span>is Brussels, t<span class=\"_ _2b\"></span>he company th<span class=\"_ _0\"></span>at held t<span class=\"_ _2b\"></span>he Fortis</div>\n<div class=\"t m0 x1a h4f y1d09 ff328 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">banking o<span class=\"_ _0\"></span>peratio<span class=\"_ _0\"></span>ns). Tax<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">wise, the l<span class=\"_ _0\"></span>oss on th<span class=\"_ _0\"></span>e sale of<span class=\"_ _0\"></span> the Fo<span class=\"_ _0\"></span>rtis Ba<span class=\"_ _0\"></span>nk </span></span></div>\n<div class=\"t m0 x1a h4f y1d0a ff328 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">only <span class=\"lse0 wsfa\">materialise<span class=\"_ _0\"></span>d at th<span class=\"_ _0\"></span>e moment <span class=\"_ _2b\"></span>of liquidatio<span class=\"_ _0\"></span>n.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 805px; height: 301px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag469": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">RPN (I)</div>\n<div class=\"t m0 x7 h63 y714 ff32e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">The RPN(I) is a financial <span class=\"_ _0\"></span>in<span class=\"lsf8 ws112\">strument </span></div>\n<div class=\"t m0 x7 h63 y715 ff32e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">that results in quarterly payments</div>\n<div class=\"t m0 x7 h63 y716 ff32e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">being made to, or received f<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>om,</div>\n<div class=\"t m0 x7 h63 y717 ff32e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">BNP Paribas Fortis SA/NV<span class=\"_ _0\"></span>.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">BNP Pa<span class=\"_ _0\"></span>ribas For<span class=\"_ _0\"></span>tis SA/N<span class=\"_ _2b\"></span>V issued CASH<span class=\"_ _0\"></span>ES secu<span class=\"_ _2b\"></span>rities in 2007 w<span class=\"_ _2b\"></span>ith Ageas SA/N<span class=\"_ _2b\"></span>V as co<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">obligo<span class=\"_ _2\"></span>r. </span></span></div>\n<div class=\"t m0 x26 h4f y725 ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">CASHES are <span class=\"_ _2\"></span>exchangeable securities <span class=\"_ _2\"></span>that are exchange<span class=\"_ _2\"></span>d into Age<span class=\"ws103\">as share<span class=\"_ _2\"></span>s at a pre<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">set price of </span></span></span></div>\n<div class=\"t m0 x26 h4f y726 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 239.<span class=\"_ _0\"></span>40 per shar<span class=\"_ _0\"></span>e. BNP Pari<span class=\"_ _0\"></span>bas Forti<span class=\"_ _0\"></span>s SA/NV an<span class=\"_ _0\"></span>d Ageas SA/<span class=\"_ _0\"></span>NV, at that poi<span class=\"_ _2b\"></span>nt in time both part</div>\n<div class=\"t m0 x26 h4f y727 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the Fort<span class=\"_ _0\"></span>is group, int<span class=\"_ _0\"></span>roduce<span class=\"_ _0\"></span>d a Relative<span class=\"_ _0\"></span> Performa<span class=\"_ _2b\"></span>nce Note, design<span class=\"_ _0\"></span>ed to avoid acc<span class=\"_ _2b\"></span>ounting volati<span class=\"_ _0\"></span>lity</div>\n<div class=\"t m0 x26 h4f y728 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on the Ageas s<span class=\"_ _0\"></span>hares an<span class=\"_ _0\"></span>d on the CASHE<span class=\"_ _2b\"></span>S <span class=\"_ _2\"></span>va<span class=\"_ _0\"></span>lued at fair v<span class=\"_ _0\"></span>alue in the bo<span class=\"_ _0\"></span>oks of BNP Par<span class=\"_ _2b\"></span>ibas Fortis</div>\n<div class=\"t m0 x26 h4f y729 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">SA/NV. Up<span class=\"_ _2b\"></span>on the break<span class=\"ls0 ws0\">-</span>up of Fortis in<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>2009,<span class=\"_ _0\"></span> BNP Pariba<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>Fort<span class=\"_ _2b\"></span>is SA/NV and Ageas a<span class=\"_ _0\"></span>greed to pay</div>\n<div class=\"t m0 x26 h4f y72a ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">interes<span class=\"_ _0\"></span>t on a ref<span class=\"_ _0\"></span>erence a<span class=\"_ _0\"></span>mount st<span class=\"_ _2b\"></span>ated in this R<span class=\"_ _0\"></span>elativ<span class=\"_ _0\"></span>e Perfor<span class=\"_ _0\"></span>mance N<span class=\"_ _0\"></span>ote. Th<span class=\"_ _0\"></span>e quarte<span class=\"_ _2b\"></span>rly interest</div>\n<div class=\"t m0 x26 h4f y72b ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">payment<span class=\"_ _0\"></span> is value<span class=\"_ _2b\"></span>d as a financial<span class=\"_ _0\"></span> instr<span class=\"_ _0\"></span>ument an<span class=\"_ _0\"></span>d referr<span class=\"_ _0\"></span>ed to as<span class=\"_ _0\"></span> RPN(I).<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y72c ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydf7 ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The RPN(I<span class=\"_ _2b\"></span>) exists to the <span class=\"_ _2b\"></span>extent that C<span class=\"_ _0\"></span>ASHES s<span class=\"_ _0\"></span>ecuriti<span class=\"_ _0\"></span>es rema<span class=\"_ _0\"></span>in outst<span class=\"_ _0\"></span>anding.<span class=\"_ _0\"></span> Origin<span class=\"_ _0\"></span>ally, 12,<span class=\"_ _0\"></span>000</div>\n<div class=\"t m0 x26 h4f ydf8 ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">CASHES securi<span class=\"_ _2\"></span>ties were issued i<span class=\"_ _2\"></span>n 2007. In Febr<span class=\"_ _2\"></span>uary 2012 BNP Pariba<span class=\"_ _2\"></span>s launched a pub<span class=\"_ _2\"></span>lic tend<span class=\"ws103\">er on </span></div>\n<div class=\"t m0 x26 h4f ydf9 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">CASHES at<span class=\"_ _0\"></span> a price of 47.<span class=\"_ _0\"></span>5% and exc<span class=\"_ _0\"></span>hanged 7,<span class=\"_ _0\"></span>553 tend<span class=\"_ _0\"></span>ered CAS<span class=\"_ _0\"></span>HES secur<span class=\"_ _2b\"></span>ities into Ageas sha<span class=\"_ _2b\"></span>res;</div>\n<div class=\"t m0 x26 h4f ydfa ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Ageas agreed<span class=\"_ _2\"></span> to pay a EUR <span class=\"_ _2\"></span>287 million indemni<span class=\"_ _2\"></span>ty to BNP Pariba<span class=\"_ _2\"></span>s as the exchange<span class=\"_ _2\"></span> triggered a pro</div>\n<div class=\"t m0 x26 h4f ydfb ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">rata ca<span class=\"_ _0\"></span>ncellati<span class=\"_ _2b\"></span>on of the RPN(I<span class=\"_ _0\"></span>) liabil<span class=\"_ _0\"></span>ity.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ydfc ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydfd ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In May 2015 A<span class=\"_ _0\"></span>geas and BN<span class=\"_ _0\"></span>P Paribas<span class=\"_ _0\"></span> agreed that<span class=\"_ _0\"></span> BNP Paribas<span class=\"_ _0\"></span> could pu<span class=\"_ _0\"></span>rchase C<span class=\"_ _0\"></span>ASHES fro<span class=\"_ _0\"></span>m</div>\n<div class=\"t m0 x26 h4f ydfe ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">individ<span class=\"_ _2b\"></span>ual investors at any<span class=\"_ _0\"></span> given time, un<span class=\"_ _2b\"></span>der the condition<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>that th<span class=\"_ _0\"></span>e purchas<span class=\"_ _2b\"></span>ed securities wou<span class=\"_ _0\"></span>ld be</div>\n<div class=\"t m0 x26 h4f ydff ff32c fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">exchang<span class=\"_ _2b\"></span>ed into Ageas s<span class=\"_ _0\"></span>hares; <span class=\"_ _0\"></span>at such e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e the pr<span class=\"_ _0\"></span>o rata pa<span class=\"_ _0\"></span>rt of the <span class=\"_ _2b\"></span>RPN(I) liabil<span class=\"_ _0\"></span>ity wo<span class=\"lse2 ws103\">uld be </span></div>\n<div class=\"t m0 x26 h4f ye00 ff32c fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">paid to BNP Paribas<span class=\"_ _2\"></span>, while Ageas would receive a<span class=\"_ _2\"></span> break<span class=\"ls0 ws0\">-<span class=\"lse0 wsfa\">up fee w<span class=\"_ _0\"></span>hich was<span class=\"_ _0\"></span> subject<span class=\"_ _0\"></span> to the<span class=\"_ _0\"></span> price at </span></span></div>\n<div class=\"t m0 x26 h4f ye01 ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">which BNP Pa<span class=\"_ _2\"></span>ribas succeeded i<span class=\"_ _2\"></span>n purchasing CASHES<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ye02 ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ye03 ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">BNP Paribas <span class=\"_ _2\"></span>purchased and exch<span class=\"_ _2\"></span>anged 656 CASHES under<span class=\"_ _2\"></span> this agreement <span class=\"_ _2\"></span>in the first n<span class=\"_ _2\"></span>ine months</div>\n<div class=\"t m0 x26 h4f ye04 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of 2016; Ag<span class=\"_ _0\"></span>eas paid EU<span class=\"_ _0\"></span>R<span class=\"ls0 ws0\"> </span>44 million for t<span class=\"_ _0\"></span>he pro rata set<span class=\"_ _0\"></span>tlem<span class=\"_ _0\"></span>ent of the RPN<span class=\"_ _2b\"></span>(I), after the dedu<span class=\"_ _0\"></span>ction of</div>\n<div class=\"t m0 x26 h4f ye05 ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the recei<span class=\"_ _0\"></span>ved break<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">up <span class=\"_ _2\"></span>fee. The agreement be<span class=\"_ _2\"></span>tween Ageas and BNP<span class=\"_ _2\"></span> Paribas expired a<span class=\"_ _2\"></span>t year</span>-<span class=\"lse0 wsef\">end </span></span></div>\n<div class=\"t m0 x26 h4f y1d1b ff32c fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">2016 and w<span class=\"_ _2\"></span>as not renewed.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d1c ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d1d ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the seco<span class=\"_ _0\"></span>nd half of 202<span class=\"_ _2b\"></span>2 Ageas settled part of<span class=\"_ _0\"></span> the RPN(I) f<span class=\"_ _0\"></span>or an amou<span class=\"_ _0\"></span>nt of EUR<span class=\"ls0 ws0\"> </span>46.6 mi<span class=\"_ _2b\"></span>llion.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d1e ff32c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d1f ff32c fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At 31 Decem<span class=\"_ _0\"></span>ber 2022, 3,<span class=\"_ _2b\"></span>326 CASHES rem<span class=\"_ _0\"></span>ained outst<span class=\"_ _2b\"></span>anding.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 381px; height: 580px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 381px; height: 580px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff332 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Referenc<span class=\"_ _2b\"></span>e amount and inte<span class=\"_ _0\"></span>rest paid<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The refere<span class=\"_ _2b\"></span>nce amount is calcul<span class=\"_ _2b\"></span>ated as follows:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff334 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff335\"> <span class=\"_ _46\"> </span><span class=\"ff332 lse2 ws103\">th<span class=\"_ _2\"></span>e difference <span class=\"lse0 wsf0\">between E<span class=\"_ _0\"></span>UR 2,350 mi<span class=\"_ _0\"></span>llion an<span class=\"_ _0\"></span>d the market<span class=\"_ _0\"></span> value of </span></span></span></div>\n<div class=\"t m0 x43 h4f y805 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">13 millio<span class=\"_ _0\"></span>n Ageas shar<span class=\"_ _2b\"></span>es in which the instr<span class=\"_ _0\"></span>ument is exc<span class=\"_ _2b\"></span>hanged, less<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff334 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff335\"> <span class=\"_ _46\"> </span><span class=\"ff332 lse0 wsfa\">the differenc<span class=\"_ _2b\"></span>e between EUR <span class=\"_ _0\"></span>3,000 mi<span class=\"_ _0\"></span>llion is<span class=\"_ _2b\"></span>sued and the ma<span class=\"_ _0\"></span>rket </span></span></div>\n<div class=\"t m0 x43 h4f y807 ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">value of<span class=\"_ _0\"></span> the CAS<span class=\"_ _0\"></span>HES as q<span class=\"_ _0\"></span>uoted by t<span class=\"_ _2b\"></span>he Luxembou<span class=\"_ _0\"></span>rg Stock<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x43 h4f y808 ff332 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Exchange, <span class=\"lse0 wsf0\">multiplied by<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y809 ff334 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff335\"> <span class=\"_ _46\"> </span><span class=\"ff332 lse0 wsf0\">the number of CASH<span class=\"_ _0\"></span>ES securit<span class=\"_ _2b\"></span>ies outstanding (<span class=\"_ _2b\"></span>3,326 at </span></span></div>\n<div class=\"t m0 x43 h4f y80a ff332 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">Decemb<span class=\"_ _0\"></span>er 2022) div<span class=\"_ _0\"></span>ided by the n<span class=\"_ _0\"></span>umber of CA<span class=\"_ _0\"></span>SHES sec<span class=\"_ _0\"></span>urities </span></div>\n<div class=\"t m0 x43 h4f y80b ff332 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">originally <span class=\"_ _2\"></span>issued (12,000).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80c ff332 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80d ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas pays<span class=\"_ _0\"></span> interes<span class=\"_ _2b\"></span>t <span class=\"_ _2\"></span>to BN<span class=\"_ _0\"></span>P Paribas<span class=\"_ _0\"></span> Fortis SA/N<span class=\"_ _2b\"></span>V on the average</div>\n<div class=\"t m0 x7 h4f y80e ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">referenc<span class=\"_ _2b\"></span>e amount in the <span class=\"_ _0\"></span>quarte<span class=\"_ _0\"></span>r (if<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">the abov<span class=\"_ _0\"></span>e outcom<span class=\"_ _0\"></span>e becomes<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y80f ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">negativ<span class=\"_ _0\"></span>e BNP Pariba<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>Fort<span class=\"_ _2b\"></span>is SA/NV will pay Age<span class=\"_ _2b\"></span>as); the interest</div>\n<div class=\"t m0 x7 h4f y810 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">amounts<span class=\"_ _0\"></span> to 3 month Eur<span class=\"_ _0\"></span>ibor plus 90 b<span class=\"_ _0\"></span>asis point<span class=\"_ _0\"></span>s. Ageas pl<span class=\"_ _0\"></span>edged 5.5%<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y90a ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the tot<span class=\"_ _2b\"></span>al AG Insuranc<span class=\"_ _2b\"></span>e shares outs<span class=\"_ _0\"></span>tanding <span class=\"_ _0\"></span>in favou<span class=\"_ _2b\"></span>r of BNP Paribas<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y90b ff332 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Fortis SA/NV.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d0 ff332 fs3a fc10 sc0 lse2 wsf1\" style=\"z-index: 15;\">Valuation <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8d1 ff332 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ag<span class=\"lse0 wsfa\">eas appl<span class=\"_ _0\"></span>ies a tr<span class=\"_ _0\"></span>ansfer n<span class=\"_ _0\"></span>otion to <span class=\"_ _0\"></span>arrive at<span class=\"_ _0\"></span> the fai<span class=\"_ _2b\"></span>r value of the R<span class=\"_ _2b\"></span>PN(I) </span></div>\n<div class=\"t m0 x7 h4f y8d2 ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y. Fai<span class=\"_ _0\"></span>r value i<span class=\"_ _0\"></span>s defined <span class=\"_ _2b\"></span>in IFRS 13 as th<span class=\"_ _0\"></span>e price t<span class=\"_ _2b\"></span>hat would be</div>\n<div class=\"t m0 x7 h4f y8d3 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">receive<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to sell<span class=\"_ _0\"></span> an asset or p<span class=\"_ _0\"></span>aid to transf<span class=\"_ _2b\"></span>er a liability in an ord<span class=\"_ _2b\"></span>erly</div>\n<div class=\"t m0 x1a h4f y1372 ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">transact<span class=\"_ _2b\"></span>ion between m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>articip<span class=\"_ _2b\"></span>ants a<span class=\"lse2\">t the <span class=\"_ _2\"></span>measurement date. T<span class=\"_ _2\"></span>he </span></div>\n<div class=\"t m0 x1a h4f y1373 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">definit<span class=\"_ _0\"></span>ion is expl<span class=\"_ _0\"></span>icitly des<span class=\"_ _2b\"></span>cribed as an exit pri<span class=\"_ _0\"></span>ce, linke<span class=\"_ _0\"></span>d with the pric<span class=\"_ _2b\"></span>e</div>\n<div class=\"t m0 x1a h4f y1d21 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">'paid to tra<span class=\"_ _2b\"></span>nsfer a liability'. W<span class=\"_ _2b\"></span>hen such pricing is not<span class=\"_ _0\"></span> availab<span class=\"_ _0\"></span>le and the</div>\n<div class=\"t m0 x1a h4f y1d22 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">liabilit<span class=\"_ _0\"></span>y is held by a<span class=\"_ _0\"></span>nother ent<span class=\"_ _2b\"></span>ity as an asset, the liab<span class=\"_ _0\"></span>ility nee<span class=\"_ _0\"></span>ds to be</div>\n<div class=\"t m0 x1a h4f y1d23 ff332 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">val<span class=\"lse0 wsfa\">ued fro<span class=\"_ _0\"></span>m the pe<span class=\"_ _2b\"></span>rspective of t<span class=\"_ _0\"></span>he mark<span class=\"_ _0\"></span>et parti<span class=\"_ _0\"></span>cipant t<span class=\"_ _0\"></span>hat hol<span class=\"_ _2b\"></span>ds the </span></div>\n<div class=\"t m0 x1a h4f y1d24 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">asset. A<span class=\"_ _0\"></span>geas value<span class=\"_ _0\"></span>s its liabi<span class=\"_ _0\"></span>lity at the refe<span class=\"_ _2b\"></span>rence amount. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1d25 ff332 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d26 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The RPN ref<span class=\"_ _0\"></span>erence am<span class=\"_ _0\"></span>ount is base<span class=\"_ _2b\"></span>d on the CASHES price an<span class=\"_ _0\"></span>d the</div>\n<div class=\"t m0 x1a h4f y1d27 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas sha<span class=\"_ _2b\"></span>re price. The refere<span class=\"_ _0\"></span>nce amount d<span class=\"_ _2b\"></span>ecreased from</div>\n<div class=\"t m0 x1a h4f y1d28 ff332 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsef\">520.4</span> </span>mi<span class=\"lse0 wsf0\">llion at year<span class=\"ls0 ws0\">-</span>end 20<span class=\"_ _0\"></span>21 to EUR<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">334.3 million at </span></span></span></div>\n<div class=\"t m0 x1a h4f y1d29 ff332 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">31<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">Decemb<span class=\"_ _0\"></span>er 2022,<span class=\"_ _0\"></span> driven b<span class=\"_ _0\"></span>y the part<span class=\"_ _2b\"></span>ial settleme<span class=\"_ _2b\"></span>nt of the RPN(I<span class=\"_ _0\"></span>) and by </span></div>\n<div class=\"t m0 x1a h4f y1d2a ff332 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the decrease<span class=\"_ _2\"></span> in the CASHES price from 95.61% at<span class=\"_ _2\"></span> 31<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">December<span class=\"ls0 ws0\"> </span>2021 </span></div>\n<div class=\"t m0 x1a h4f y1d2b ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">to 79.17% at<span class=\"_ _0\"></span> 31<span class=\"ls0 ws0\"> </span><span class=\"wsef\">Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">2022, whi<span class=\"_ _0\"></span>ch was partly<span class=\"_ _0\"></span> offset<span class=\"_ _0\"></span> by the </span></span></div>\n<div class=\"t m0 x1a h4f y1d2c ff332 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">decrease in the Age<span class=\"_ _2\"></span>as share price from EUR<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">45.<span class=\"_ _0\"></span>55 to EUR<span class=\"ls0 ws0\"> </span>41.4<span class=\"_ _0\"></span>2 over </span></span></div>\n<div class=\"t m0 x1a h4f y1d2d ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the same pe<span class=\"_ _0\"></span>riod.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1376 ff332 fs3a fc10 sc0 lse0 wsfa\" style=\"z-index: 15;\">Sensit<span class=\"_ _0\"></span>ivity of R<span class=\"_ _2b\"></span>PN(I) value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1377 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">At 31 Decem<span class=\"_ _0\"></span>ber 2022, e<span class=\"_ _0\"></span>ach 1% incr<span class=\"_ _2b\"></span>ease in the CASHES pr<span class=\"_ _0\"></span>ice,</div>\n<div class=\"t m0 x1a h4f y1378 ff332 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">express<span class=\"_ _0\"></span>ed as a perce<span class=\"_ _2b\"></span>ntage of its nominal v<span class=\"_ _0\"></span>alue, lea<span class=\"_ _0\"></span>ds to an incre<span class=\"_ _0\"></span>ase of</div>\n<div class=\"t m0 x1a h4f y1d2e ff332 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">8.3 million i<span class=\"_ _0\"></span>n the <span class=\"wsf0\">ref<span class=\"_ _2b\"></span>erence amount, wh<span class=\"_ _0\"></span>ile each EUR<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">1.00 i<span class=\"_ _0\"></span>ncrease </span></span></span></span></span></div>\n<div class=\"t m0 x1a h4f y1d2f ff332 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">in the Ag<span class=\"_ _0\"></span>eas shar<span class=\"_ _2b\"></span>e price decre<span class=\"_ _0\"></span>ases th<span class=\"_ _0\"></span>e refere<span class=\"_ _0\"></span>nce amo<span class=\"_ _0\"></span>unt by</div>\n<div class=\"t m0 x1a h4f y1d30 ff332 fs3a fc14 sc0 lsfa ws114\" style=\"z-index: 15;\">EUR<span class=\"ls0 ws0\"> <span class=\"lsf4 ws10c\">3.5<span class=\"_ _2\"></span></span> <span class=\"ls102 ws11d\">million.</span> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 755px; height: 351px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 755px; height: 351px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ags:DisclosureOfRPNExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag468": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"_ _2b\"></span>ccrued in<span class=\"_ _2b\"></span>terest and</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">other liabilities</div>\n<div class=\"t m0 x66 h52 y5f4 ff336 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff336 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Deferred revenues<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">155<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Accrued finance <span class=\"lse5 wsf5\">costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Accrued other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives held for he<span class=\"_ _0\"></span>dging purposes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 726px; z-index: 15;\">Derivatives held for tra<span class=\"_ _0\"></span>ding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 726px; z-index: 15;\">3</div>\n<div class=\"t m0 xd2 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 726px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 711px; z-index: 15;\">Defined benefit pension liabilitie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 711px; z-index: 15;\">576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 711px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Defined benefit liabilities o<span class=\"_ _0\"></span>ther than pension<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 697px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Termination benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5ff ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y601 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Other long<span class=\"ls0 ws0\">-</span>term employee benefit liabili<span class=\"_ _0\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 667px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 667px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Short<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">term employee benefit liabilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 652px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Liabilities related to wri<span class=\"_ _0\"></span>tten put options on NC<span class=\"_ _0\"></span>I<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 637px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 637px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 622px; z-index: 15;\">Accounts payable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 622px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 622px; z-index: 15;\">213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 607px; z-index: 15;\">Due to agents, policyh<span class=\"_ _0\"></span>olders and intermediaries<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 607px; z-index: 15;\">450<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 607px; z-index: 15;\">485<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">VAT and <span class=\"wsf6\">other taxes payable<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 593px; z-index: 15;\">148<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 593px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Dividends payable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 578px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 578px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Due to reinsurers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 563px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 563px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Other liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 548px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 548px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff338 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff338 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 533px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff338 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 533px; z-index: 15;\">2,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d41 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1d42 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1d43 ff336 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Details o<span class=\"_ _2\"></span>f employee benefit<span class=\"_ _2\"></span> liabilities can <span class=\"_ _2\"></span>be found in <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">ote<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">6 <span class=\"lse1 wsf0\">section </span>6<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">.1 </span></span></span></div>\n<div class=\"t m0 x7 h4f y1d44 ff336 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee bene<span class=\"_ _2\"></span>fits. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d45 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d46 ff336 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line it<span class=\"_ _0\"></span>em <span class=\"ls0 ws0\">\u2018<span class=\"lse2 ws103\">Other li<span class=\"_ _2\"></span>abilities</span>\u2019 </span>includes payab<span class=\"_ _2b\"></span>les related to the cl<span class=\"_ _0\"></span>earing</div>\n<div class=\"t m0 x1a h4f y1d47 ff336 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of secur<span class=\"_ _0\"></span>ities tr<span class=\"_ _2b\"></span>ansactions,<span class=\"ls0 ws0\"> </span><span class=\"lse2\">collateral on </span><span class=\"wsf0\">interest rat<span class=\"_ _0\"></span>e swaps,<span class=\"ls0 ws0\"> <span class=\"lsfb wsfa\">cash </span></span></span></div>\n<div class=\"t m0 x1a h4f y1d48 ff336 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">received awai<span class=\"_ _2\"></span>ti<span class=\"lse0 wsf0\">ng al<span class=\"_ _0\"></span>location<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>to inv<span class=\"_ _2b\"></span>estments and sma<span class=\"_ _0\"></span>ll expense<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>to be </span></div>\n<div class=\"t m0 x1a h4f y1d49 ff336 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">paid.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1d4a ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d4b ff336 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Details of<span class=\"_ _0\"></span> derivati<span class=\"_ _0\"></span>ves can be fo<span class=\"_ _0\"></span>und in Note 27 D<span class=\"_ _0\"></span>erivati<span class=\"_ _0\"></span>ves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 397px; height: 428px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 397px; height: 564px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 397px; height: 564px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 397px; height: 564px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 397px; height: 564px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff33b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred revenu<span class=\"_ _2\"></span>es and accrued amounts are consi<span class=\"_ _2\"></span>dered to be short term liab<span class=\"_ _2\"></span>ilities with a maturity of<span class=\"_ _2\"></span> less than one year. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff33b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y804 ff33b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>bles show the undiscounted cash<span class=\"_ _2\"></span> flows of <span class=\"wsfa\">Accounts payable,<span class=\"_ _2\"></span> Due to agents<span class=\"_ _2\"></span>, policy holders a<span class=\"_ _2\"></span>nd intermediaries<span class=\"_ _2\"></span>, VAT and <span class=\"lse0\">other tax </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff33b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payable,<span class=\"_ _0\"></span> Dividen<span class=\"_ _0\"></span>ds payab<span class=\"_ _0\"></span>le, Due to re<span class=\"_ _0\"></span>insurers<span class=\"_ _0\"></span> and other li<span class=\"_ _2b\"></span>abilities class<span class=\"_ _0\"></span>ified by rel<span class=\"_ _2b\"></span>evant maturity<span class=\"_ _0\"></span> group. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff33b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 1018px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 544px; bottom: 1018px; z-index: 15;\">1 to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 646px; bottom: 1018px; z-index: 15;\">3 to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 725px; bottom: 1018px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff33b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Undiscounted cashflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 987px; z-index: 15;\">1,180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 987px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y608 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 987px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 987px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff33d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 972px; z-index: 15;\">1,180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 972px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h54 y603 ff33d fs3c fc10 sc0 ls0 ws0\" style=\"left: 687px; bottom: 972px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 972px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 927px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 927px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 544px; bottom: 927px; z-index: 15;\">1 to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 646px; bottom: 927px; z-index: 15;\">3 to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 725px; bottom: 927px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Undiscounted cashflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 897px; z-index: 15;\">1,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 897px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f2 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 897px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 897px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff33d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 882px; z-index: 15;\">1,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 882px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h54 ydd0 ff33d fs3c fc10 sc0 ls0 ws0\" style=\"left: 687px; bottom: 882px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 882px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 871px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 871px; height: 235px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 871px; height: 235px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 871px; height: 235px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag471": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">A<span class=\"_ _2b\"></span>ccrued in<span class=\"_ _2b\"></span>terest and</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">other liabilities</div>\n<div class=\"t m0 x66 h52 y5f4 ff336 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f4 ff336 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Deferred revenues<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">166<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">155<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Accrued finance <span class=\"lse5 wsf5\">costs<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">72<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">50<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Accrued other expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives held for he<span class=\"_ _0\"></span>dging purposes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 xd2 h52 y5f9 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 726px; z-index: 15;\">Derivatives held for tra<span class=\"_ _0\"></span>ding<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 726px; z-index: 15;\">3</div>\n<div class=\"t m0 xd2 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 726px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 711px; z-index: 15;\">Defined benefit pension liabilitie<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 711px; z-index: 15;\">576<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 711px; z-index: 15;\">808<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Defined benefit liabilities o<span class=\"_ _0\"></span>ther than pension<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 697px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">137<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Termination benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5ff ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5ff ff336 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y601 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Other long<span class=\"ls0 ws0\">-</span>term employee benefit liabili<span class=\"_ _0\"></span>ties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 667px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 667px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Short<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">term employee benefit liabilities<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 652px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Liabilities related to wri<span class=\"_ _0\"></span>tten put options on NC<span class=\"_ _0\"></span>I<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 637px; z-index: 15;\">114<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y647 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 637px; z-index: 15;\">108<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 622px; z-index: 15;\">Accounts payable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 622px; z-index: 15;\">224<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 622px; z-index: 15;\">213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 607px; z-index: 15;\">Due to agents, policyh<span class=\"_ _0\"></span>olders and intermediaries<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 607px; z-index: 15;\">450<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 607px; z-index: 15;\">485<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 593px; z-index: 15;\">VAT and <span class=\"wsf6\">other taxes payable<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 593px; z-index: 15;\">148<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 593px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Dividends payable<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 578px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 578px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Due to reinsurers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 563px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 563px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Other liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 548px; z-index: 15;\">537<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f2 ff336 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 548px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff338 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 533px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff338 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 533px; z-index: 15;\">2,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff338 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 533px; z-index: 15;\">2,834<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d41 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1d42 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1d43 ff336 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Details o<span class=\"_ _2\"></span>f employee benefit<span class=\"_ _2\"></span> liabilities can <span class=\"_ _2\"></span>be found in <span class=\"ls0 ws0\">N</span><span class=\"wsf1\">ote<span class=\"_ _2\"></span> <span class=\"ls0 ws0\">6 <span class=\"lse1 wsf0\">section </span>6<span class=\"_ _2\"></span><span class=\"lsf4 ws10c\">.1 </span></span></span></div>\n<div class=\"t m0 x7 h4f y1d44 ff336 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Employee bene<span class=\"_ _2\"></span>fits. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d45 ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d46 ff336 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line it<span class=\"_ _0\"></span>em <span class=\"ls0 ws0\">\u2018<span class=\"lse2 ws103\">Other li<span class=\"_ _2\"></span>abilities</span>\u2019 </span>includes payab<span class=\"_ _2b\"></span>les related to the cl<span class=\"_ _0\"></span>earing</div>\n<div class=\"t m0 x1a h4f y1d47 ff336 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of secur<span class=\"_ _0\"></span>ities tr<span class=\"_ _2b\"></span>ansactions,<span class=\"ls0 ws0\"> </span><span class=\"lse2\">collateral on </span><span class=\"wsf0\">interest rat<span class=\"_ _0\"></span>e swaps,<span class=\"ls0 ws0\"> <span class=\"lsfb wsfa\">cash </span></span></span></div>\n<div class=\"t m0 x1a h4f y1d48 ff336 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">received awai<span class=\"_ _2\"></span>ti<span class=\"lse0 wsf0\">ng al<span class=\"_ _0\"></span>location<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>to inv<span class=\"_ _2b\"></span>estments and sma<span class=\"_ _0\"></span>ll expense<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>to be </span></div>\n<div class=\"t m0 x1a h4f y1d49 ff336 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">paid.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1d4a ff336 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1d4b ff336 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Details of<span class=\"_ _0\"></span> derivati<span class=\"_ _0\"></span>ves can be fo<span class=\"_ _0\"></span>und in Note 27 D<span class=\"_ _0\"></span>erivati<span class=\"_ _0\"></span>ves.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 397px; height: 428px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 397px; height: 564px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 397px; height: 564px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 397px; height: 564px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff33b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Deferred revenu<span class=\"_ _2\"></span>es and accrued amounts are consi<span class=\"_ _2\"></span>dered to be short term liab<span class=\"_ _2\"></span>ilities with a maturity of<span class=\"_ _2\"></span> less than one year. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y803 ff33b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y804 ff33b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The following ta<span class=\"_ _2\"></span>bles show the undiscounted cash<span class=\"_ _2\"></span> flows of <span class=\"wsfa\">Accounts payable,<span class=\"_ _2\"></span> Due to agents<span class=\"_ _2\"></span>, policy holders a<span class=\"_ _2\"></span>nd intermediaries<span class=\"_ _2\"></span>, VAT and <span class=\"lse0\">other tax </span></span></div>\n<div class=\"t m0 x7 h4f y805 ff33b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">payable,<span class=\"_ _0\"></span> Dividen<span class=\"_ _0\"></span>ds payab<span class=\"_ _0\"></span>le, Due to re<span class=\"_ _0\"></span>insurers<span class=\"_ _0\"></span> and other li<span class=\"_ _2b\"></span>abilities class<span class=\"_ _0\"></span>ified by rel<span class=\"_ _2b\"></span>evant maturity<span class=\"_ _0\"></span> group. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff33b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 1018px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 544px; bottom: 1018px; z-index: 15;\">1 to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 646px; bottom: 1018px; z-index: 15;\">3 to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y647 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 725px; bottom: 1018px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5ff ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff33b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Undiscounted cashflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 987px; z-index: 15;\">1,180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 987px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y608 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 987px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h52 y608 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 987px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff33d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 972px; z-index: 15;\">1,180<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 972px; z-index: 15;\">192<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h54 y603 ff33d fs3c fc10 sc0 ls0 ws0\" style=\"left: 687px; bottom: 972px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h54 y603 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 972px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y605 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 957px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 942px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 927px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x152 h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 421px; bottom: 927px; z-index: 15;\">Less than 1 year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 544px; bottom: 927px; z-index: 15;\">1 to 3 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 646px; bottom: 927px; z-index: 15;\">3 to 5 years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y638 ff33b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 725px; bottom: 927px; z-index: 15;\">More than 5 years<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 486px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 590px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 692px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x38d h52 y5f4 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 912px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 897px; z-index: 15;\">Undiscounted cashflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 897px; z-index: 15;\">1,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 897px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h52 y5f2 ff33b fs3c fc14 sc0 ls0 ws0\" style=\"left: 687px; bottom: 897px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h52 y5f2 ff33b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 897px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 ydd0 ff33d fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 882px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 882px; z-index: 15;\">1,118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 576px; bottom: 882px; z-index: 15;\">149<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xc7 h54 ydd0 ff33d fs3c fc10 sc0 ls0 ws0\" style=\"left: 687px; bottom: 882px; z-index: 15;\">3</div>\n<div class=\"t m0 x5e h54 ydd0 ff33d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 882px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 871px; height: 235px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 871px; height: 235px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 871px; height: 235px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag470": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">Pro<span class=\"_ _1\"></span>vi<span class=\"_ _2\"></span>sions</div>\n<div class=\"t m0 x7 h63 y714 ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">The provisions mainly relat<span class=\"_ _0\"></span>e to</div>\n<div class=\"t m0 x7 h63 y715 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">legal disputes and reorganisations</div>\n<div class=\"t m0 x7 h63 y716 ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">and are based on best estim<span class=\"_ _0\"></span>ates</div>\n<div class=\"t m0 x7 h63 y717 ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">available at period<span class=\"ls0\">-<span class=\"lsf8 ws16a\">end based on </span></span></div>\n<div class=\"t m0 x7 h63 y718 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">management judgement, in most</div>\n<div class=\"t m0 x7 h63 y719 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">cases supported by the opinion of</div>\n<div class=\"t m0 x7 h63 y71a ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">legal advisors. The tim<span class=\"_ _0\"></span>ing of the</div>\n<div class=\"t m0 x7 h63 y71b ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">outflow of cash related to these</div>\n<div class=\"t m0 x7 h63 y71c ff341 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">provisio<span class=\"ws0\">ns is by nature unce<span class=\"_ _0\"></span>rtain </span></div>\n<div class=\"t m0 x7 h63 y71d ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">given the unpredictability of the</div>\n<div class=\"t m0 x7 h63 y71e ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">outcome and the time involved in</div>\n<div class=\"t m0 x7 h63 y71f ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">concluding litigations/disp<span class=\"_ _0\"></span>utes. We</div>\n<div class=\"t m0 x7 h63 y1670 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">refer to note 43 Contingent</div>\n<div class=\"t m0 x7 h63 y1671 ff341 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">liabilities, which<span class=\"_ _0\"></span> describes the</div>\n<div class=\"t m0 x7 h63 y1672 ff341 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">various ongoing litigation</div>\n<div class=\"t m0 x7 h63 y1673 ff341 fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">proceedings.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff33f fs3a fc10 sc0 lse0 wsfa\" style=\"z-index: 15;\">Global s<span class=\"_ _0\"></span>ettlem<span class=\"_ _0\"></span>ent relat<span class=\"_ _2b\"></span>ed<span class=\"ls0 ws0\"> </span>to the Fortis ev<span class=\"_ _2b\"></span>ents of 2007 an<span class=\"_ _2b\"></span>d 2008<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y725 ff33f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 14 Marc<span class=\"_ _2b\"></span>h 2016, Ageas <span class=\"_ _0\"></span>and the c<span class=\"_ _2b\"></span>laimant orga<span class=\"_ _0\"></span>nisations<span class=\"_ _2b\"></span> Deminor, Stic<span class=\"_ _2b\"></span>hting FortisEf<span class=\"_ _0\"></span>fect, St<span class=\"_ _2b\"></span>ichting</div>\n<div class=\"t m0 x26 h4f y726 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Invest<span class=\"_ _0\"></span>or Claims Ag<span class=\"_ _2b\"></span>ainst Fortis (SIC<span class=\"_ _0\"></span>AF) and VEB<span class=\"_ _0\"></span> announc<span class=\"_ _0\"></span>ed a settlem<span class=\"_ _2b\"></span>ent proposal with<span class=\"_ _0\"></span> respect<span class=\"_ _0\"></span> to all</div>\n<div class=\"t m0 x26 h4f y727 ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">civil pro<span class=\"_ _2\"></span>ceedings re<span class=\"lse0 wsf0\">lated to th<span class=\"_ _0\"></span>e former F<span class=\"_ _0\"></span>ortis grou<span class=\"_ _0\"></span>p for events<span class=\"_ _0\"></span> in 2007 and 200<span class=\"_ _2b\"></span>8 <span class=\"_ _2\"></span>for a<span class=\"_ _0\"></span>n amount of </span></div>\n<div class=\"t m0 x26 h4f y728 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">EUR 1.2 bil<span class=\"_ _0\"></span>lion. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y729 ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y72a ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In additi<span class=\"_ _0\"></span>on, Ageas an<span class=\"_ _2b\"></span>nounced on 14 Marc<span class=\"_ _0\"></span>h 2016 that it als<span class=\"_ _2b\"></span>o reached an agree<span class=\"_ _2b\"></span>ment with the D&amp;O</div>\n<div class=\"t m0 x26 h4f y72b ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">insurers<span class=\"_ _2b\"></span>, <span class=\"_ _2\"></span>the D<span class=\"_ _0\"></span>&amp;O\u2019s invo<span class=\"_ _0\"></span>lved in lit<span class=\"_ _0\"></span>igation a<span class=\"_ _2b\"></span>nd BNP Paribas Fort<span class=\"_ _2b\"></span>is <span class=\"_ _2\"></span><span class=\"wsfa\">to s<span class=\"_ _2b\"></span>ettle for an am<span class=\"_ _0\"></span>ount of <span class=\"_ _0\"></span>EUR 29<span class=\"_ _0\"></span>0 </span></div>\n<div class=\"t m0 x26 h4f y72c ff33f fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">million.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ydf7 ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydf8 ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 24 Mar<span class=\"_ _2\"></span>ch 2017, the Ams<span class=\"_ _2\"></span>terdam Appeal Cour<span class=\"_ _2\"></span>t held a public hear<span class=\"_ _2\"></span>ing during which<span class=\"_ _2\"></span> it heard the</div>\n<div class=\"t m0 x26 h4f ydf9 ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">request to decla<span class=\"_ _2\"></span>re the settlement binding as<span class=\"_ _2\"></span> well as the arguments that were su<span class=\"_ _2\"></span>bmitted against it.</div>\n<div class=\"t m0 x26 h4f ydfa ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 16 June 2017, th<span class=\"_ _2\"></span><span class=\"lse0 wsfa\">e C<span class=\"_ _0\"></span>ourt to<span class=\"_ _0\"></span>ok the int<span class=\"_ _0\"></span>erim d<span class=\"_ _0\"></span>ecision n<span class=\"_ _2b\"></span>ot to declare t<span class=\"_ _0\"></span>he settl<span class=\"_ _0\"></span>ement bi<span class=\"_ _2b\"></span>nding in its </span></div>\n<div class=\"t m0 x26 h4f ydfb ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">initial forma<span class=\"_ _2\"></span>t. On 12 December 2017, the petition<span class=\"_ _2\"></span>ers filed an amended and re<span class=\"_ _2\"></span>stated settlement with</div>\n<div class=\"t m0 x26 h4f ydfc ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Amsterdam App<span class=\"_ _2\"></span>eal Court. This amended set<span class=\"_ _2\"></span>tlement took into consideration<span class=\"_ _2\"></span> th<span class=\"lse0 wsfa\">e mai<span class=\"_ _0\"></span>n conce<span class=\"_ _2b\"></span>rns of </span></div>\n<div class=\"t m0 x26 h4f ydfd ff33f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the Court<span class=\"_ _0\"></span> and th<span class=\"_ _0\"></span>e overa<span class=\"_ _0\"></span>ll budg<span class=\"_ _0\"></span>et was rais<span class=\"_ _2b\"></span>ed by EUR 100 m<span class=\"_ _2b\"></span>illion to EUR<span class=\"ls0 ws0\"> </span>1.3 b<span class=\"_ _0\"></span>illion.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f ydfe ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f ydff ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 13 <span class=\"_ _2\"></span>July 2018, the Ams<span class=\"_ _2\"></span>terdam Appeal Court <span class=\"_ _2\"></span>declared the settle<span class=\"_ _2\"></span>ment binding on El<span class=\"_ _2\"></span>igible</div>\n<div class=\"t m0 x26 h4f ye00 ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Shareholders<span class=\"_ _2\"></span> (i.e. persons who<span class=\"_ _2\"></span> held Fortis share<span class=\"_ _2\"></span>s at any time<span class=\"_ _2\"></span> bet<span class=\"lse0 wsf0\">ween c<span class=\"_ _0\"></span>lose of bus<span class=\"_ _0\"></span>iness on 28 </span></div>\n<div class=\"t m0 x26 h4f ye01 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Februa<span class=\"_ _0\"></span>ry 2007 and<span class=\"_ _0\"></span> close of busi<span class=\"_ _0\"></span>ness on 14 Oct<span class=\"_ _0\"></span>ober 2008) i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>acc<span class=\"_ _0\"></span>ordance w<span class=\"_ _2b\"></span>ith <span class=\"_ _2\"></span>th<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>Dutc<span class=\"_ _2b\"></span>h Act on</div>\n<div class=\"t m0 x26 h4f ye02 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Collect<span class=\"_ _0\"></span>ive Settl<span class=\"_ _2b\"></span>ement of Mass Claims<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>(Wet Co<span class=\"_ _2b\"></span>llectieve Afwik<span class=\"_ _2b\"></span>keling Massasc<span class=\"_ _0\"></span>hade, \"WC<span class=\"_ _0\"></span>AM\"). In</div>\n<div class=\"t m0 x26 h4f ye03 ff33f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">declari<span class=\"_ _0\"></span>ng the s<span class=\"_ _0\"></span>ettleme<span class=\"_ _0\"></span>nt bindi<span class=\"_ _0\"></span>ng, the <span class=\"_ _0\"></span>Court <span class=\"lse2 ws103\">believed the compensation o<span class=\"_ _2\"></span>ffered under the settlement </span></div>\n<div class=\"t m0 x26 h4f ye04 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">was reas<span class=\"_ _0\"></span>onable and t<span class=\"_ _0\"></span>hat the claim<span class=\"_ _2b\"></span>ant organisati<span class=\"_ _0\"></span>ons Demin<span class=\"_ _0\"></span>or, SICAF<span class=\"_ _0\"></span> and Fortis<span class=\"_ _2b\"></span>Effect were</div>\n<div class=\"t m0 x26 h4f ye05 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">suffici<span class=\"_ _0\"></span>ently re<span class=\"_ _0\"></span>presenta<span class=\"_ _0\"></span>tive of the i<span class=\"_ _0\"></span>nteres<span class=\"_ _0\"></span>ts of the benef<span class=\"_ _0\"></span>iciari<span class=\"_ _2b\"></span>es of the settlement<span class=\"_ _0\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d1b ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d1c ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 21 Dec<span class=\"_ _2\"></span>ember 2018, Ageas <span class=\"ws103\">ann<span class=\"_ _2\"></span>ounced that it had decided<span class=\"_ _2\"></span> to provide clarity ahead of<span class=\"_ _2\"></span> time by </span></div>\n<div class=\"t m0 x26 h4f y1d1d ff33f fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">waiving <span class=\"_ _2b\"></span>its terminatio<span class=\"_ _2b\"></span>n right. As a c<span class=\"_ _0\"></span>onsequ<span class=\"_ _0\"></span>ence of t<span class=\"_ _0\"></span>his the s<span class=\"_ _0\"></span>ettlem<span class=\"_ _0\"></span>ent becam<span class=\"_ _2b\"></span>e final. The cl<span class=\"_ _0\"></span>aims fil<span class=\"_ _2b\"></span>ing</div>\n<div class=\"t m0 x26 h4f y1d1e ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">period s<span class=\"_ _2\"></span>tarted on 27 July 201<span class=\"_ _2\"></span>8 and ended on<span class=\"_ _2\"></span> 28 July 2019. A<span class=\"_ _2\"></span>s at 31 December<span class=\"_ _2\"></span> 2022, an am<span class=\"lse0 wsf0\">ount of </span></div>\n<div class=\"t m0 x26 h4f y1d1f ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">EUR 1,309 <span class=\"_ _2\"></span>million had already<span class=\"_ _2\"></span> been paid out <span class=\"_ _2\"></span>to Eligible Sharehol<span class=\"_ _2\"></span>ders.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d20 ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d5e ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 23 June 2022, Agea<span class=\"_ _2\"></span>s announced that, except<span class=\"_ _2\"></span> for a limited number of unresolve<span class=\"_ _2\"></span>d claims, the</div>\n<div class=\"t m0 x26 h4f y1d5f ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">settlem<span class=\"_ _2b\"></span>ent would be closed. F<span class=\"_ _0\"></span>inal pay<span class=\"_ _0\"></span>ments foll<span class=\"_ _2b\"></span>owed at the end of Aug<span class=\"_ _0\"></span>ust 2022. Th<span class=\"_ _2b\"></span>e p<span class=\"lse1 ws11d\">otential costs </span></div>\n<div class=\"t m0 x26 h4f y1d60 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">that Age<span class=\"_ _0\"></span>as has agree<span class=\"_ _0\"></span>d to bear for th<span class=\"_ _2b\"></span>e unresolved clai<span class=\"_ _0\"></span>ms have be<span class=\"_ _0\"></span>en provid<span class=\"_ _0\"></span>ed for in the pr<span class=\"_ _0\"></span>ovision</div>\n<div class=\"t m0 x26 h4f y1d61 ff33f fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">mentioned below<span class=\"_ _2\"></span>.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d62 ff33f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d63 ff33f fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The main<span class=\"_ _2\"></span> components of the<span class=\"_ _2\"></span> EUR<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">1.3</span> <span class=\"lse0 wsf0\">million provis<span class=\"_ _0\"></span>ion as at 31<span class=\"ls0 ws0\"> </span>Dece<span class=\"_ _0\"></span>mber 2022 (<span class=\"_ _2b\"></span>31<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span></span><span class=\"wsef\">Dec<span class=\"_ _2b\"></span>ember </span></span></span></div>\n<div class=\"t m0 x26 h4f y1d64 ff33f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2021: EUR<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">114 mill<span class=\"_ _2\"></span>ion)</span> <span class=\"lse0 wsef\">are:</span> </span></div>\n<div class=\"t m0 x26 h4f y1d65 ff342 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff343\"> <span class=\"_ _46\"> </span><span class=\"ff33f lsfa ws114\">E<span class=\"_ _2\"></span>UR</span><span class=\"ff33f\"> <span class=\"lse2 wsf1\">1,309 <span class=\"lse0 wsf0\">million relate<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>to the W<span class=\"_ _2b\"></span>CAM settlement<span class=\"_ _0\"></span> agreeme<span class=\"_ _2b\"></span>nt; <span class=\"ls0 ws0\"> </span></span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1d66 ff342 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff343\"> <span class=\"_ _46\"> </span><span class=\"ff33f lsfa ws114\">E<span class=\"_ _2\"></span>UR</span><span class=\"ff33f\"> 1 <span class=\"lse0 wsfa\">million relat<span class=\"_ _2b\"></span>ed to the tail ri<span class=\"_ _0\"></span>sk;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1d67 ff342 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff343\"> <span class=\"_ _46\"> </span><span class=\"ff33f lse0 wsf0\">minus EUR</span><span class=\"ff33f\"> <span class=\"lse2 wsf1\">1,309 <span class=\"ws103\">milli<span class=\"_ _2\"></span>on already paid to eligible sh<span class=\"_ _2\"></span>areholders.</span></span> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 207px; height: 754px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff346 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">The amounts are pr<span class=\"_ _2\"></span>esented under the line ite<span class=\"_ _2\"></span>m \u2018Provisions\u2019 <span class=\"lse0 wsfa\">in the stat<span class=\"_ _2b\"></span>ement of fina<span class=\"_ _0\"></span>ncial pos<span class=\"_ _2b\"></span>ition and the li<span class=\"_ _2b\"></span>ne item \u2018Chan<span class=\"_ _0\"></span>ge in prov<span class=\"_ _0\"></span>isions\u2019<span class=\"_ _0\"></span> in the i<span class=\"_ _0\"></span>ncome </span></div>\n<div class=\"t m0 x7 h4f y803 ff346 fs3a fc14 sc0 lse1 wsf0\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y804 ff346 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y805 ff346 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Changes in provi<span class=\"_ _2\"></span>sions during the year are as<span class=\"_ _2\"></span> follows.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y806 ff346 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff346 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1018px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 y647 ff346 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 548px; bottom: 1018px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y647 ff346 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 720px; bottom: 1018px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff346 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff346 fs3c fc10 sc0 ls0 ws0\" style=\"left: 624px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff346 fs3c fc10 sc0 ls0 ws0\" style=\"left: 796px; bottom: 1002px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff348 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 987px; z-index: 15;\">Balance as at 1 Jan<span class=\"_ _0\"></span>uary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff348 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 987px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff348 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 987px; z-index: 15;\">322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff346 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 972px; z-index: 15;\">Transfer to Held <span class=\"lsec wsf3\">for S<span class=\"_ _2\"></span>ale<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2e4 h52 y603 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 972px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 972px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff346 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 958px; z-index: 15;\">Acquisition and divestment o<span class=\"_ _0\"></span>f subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 958px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff346 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 943px; z-index: 15;\">Increase (Decrease) in pro<span class=\"_ _0\"></span>visions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f4 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 943px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 943px; z-index: 15;\">(15)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff346 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 928px; z-index: 15;\">Utilised during the year<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 928px; z-index: 15;\">(106)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y638 ff346 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 928px; z-index: 15;\">(127)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff346 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 913px; z-index: 15;\">Foreign exchange differences<span class=\"_ _0\"></span> and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 913px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y60e ff346 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 913px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y638 ff348 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 898px; z-index: 15;\">Balance as at 31 December<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y638 ff348 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 898px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y638 ff348 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 898px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 887px; height: 219px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Contingent</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">liabilit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h6a y724 ff3c5 fs46 fc10 sc0 ls10b ws12e\" style=\"z-index: 15;\">43.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a ydeb ff3c5 fs46 fc10 sc0 ls10e ws131\" style=\"z-index: 15;\">Contingent liab<span class=\"_ _2\"></span>ilities related to</div>\n<div class=\"t m0 x7 h6a y1f07 ff3c5 fs46 fc10 sc0 ls10e ws131\" style=\"z-index: 15;\">legal proc<span class=\"_ _2\"></span>eedings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 y1a8b ff3c6 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Like any other financial g<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>oup,</div>\n<div class=\"t m0 x7 h63 y1f08 ff3c6 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Ageas group<span class=\"ls0 ws0\"> <span class=\"lsf6\">is involved as a </span></span></div>\n<div class=\"t m0 x7 h63 y1f09 ff3c6 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">defendant in various claim<span class=\"_ _0\"></span>s,</div>\n<div class=\"t m0 x7 h63 y1f0a ff3c6 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">disputes and legal proceed<span class=\"_ _0\"></span>ings</div>\n<div class=\"t m0 x7 h63 y1f0b ff3c6 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">arising in the ordinary course of its</div>\n<div class=\"t m0 x7 h63 y1f0c ff3c6 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">business.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1f0d ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f0e ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In addit<span class=\"_ _0\"></span>ion, as a <span class=\"_ _2b\"></span>result of the <span class=\"_ _0\"></span>events a<span class=\"_ _0\"></span>nd devel<span class=\"_ _0\"></span>opments<span class=\"_ _0\"></span> surro<span class=\"_ _0\"></span>unding t<span class=\"_ _0\"></span>he forme<span class=\"_ _0\"></span>r Forti<span class=\"_ _0\"></span>s group b<span class=\"_ _2b\"></span>etween</div>\n<div class=\"t m0 x26 h4f y1f0f ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">May 2007<span class=\"_ _2\"></span> and October 2008 <span class=\"_ _2\"></span>(e<span class=\"lse0\">.g. t<span class=\"_ _2b\"></span>he acquisitio<span class=\"_ _0\"></span>n of part<span class=\"_ _2b\"></span>s of ABN AMRO a<span class=\"_ _0\"></span>nd the c<span class=\"_ _0\"></span>apital i<span class=\"_ _0\"></span>ncrease i<span class=\"_ _2b\"></span>n </span></div>\n<div class=\"t m0 x26 h4f y1f10 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">September/Octo<span class=\"_ _2\"></span>ber 2007, the an<span class=\"_ _2\"></span>nouncement of the s<span class=\"_ _2\"></span>olvency plan in <span class=\"_ _2\"></span>June 2008, the<span class=\"_ _2\"></span> divestment of</div>\n<div class=\"t m0 x26 h4f y1f11 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">banking act<span class=\"_ _2b\"></span>ivities and Dutc<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>ins<span class=\"_ _0\"></span>urance act<span class=\"_ _0\"></span>ivitie<span class=\"_ _0\"></span>s in Septemb<span class=\"_ _2b\"></span>er/October 2008<span class=\"_ _0\"></span>), Ageas h<span class=\"_ _0\"></span>as becom<span class=\"_ _0\"></span><span class=\"wsef\">e </span></div>\n<div class=\"t m0 x26 h4f y1f12 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">involv<span class=\"_ _0\"></span>ed in legal proc<span class=\"_ _2b\"></span>eedings. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f13 ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f14 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 14 March 2<span class=\"_ _0\"></span>016 Ageas e<span class=\"_ _0\"></span>ntered int<span class=\"_ _2b\"></span>o a EUR<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">1<span class=\"_ _2\"></span>.2</span> </span><span class=\"wsfa\">billion s<span class=\"_ _2b\"></span>ettlement agr<span class=\"_ _0\"></span>eement w<span class=\"_ _2b\"></span>ith several cl<span class=\"_ _0\"></span>aimant </span></div>\n<div class=\"t m0 x26 h4f y1f15 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">organis<span class=\"_ _0\"></span>ations th<span class=\"_ _2b\"></span>at represent a seri<span class=\"_ _0\"></span>es of share<span class=\"_ _0\"></span>holders i<span class=\"_ _0\"></span>n collecti<span class=\"_ _2b\"></span>ve claims before th<span class=\"_ _2b\"></span>e Belgian and</div>\n<div class=\"t m0 x26 h4f y1f16 ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Dutch co<span class=\"_ _2b\"></span>urts. On 23 May <span class=\"_ _0\"></span>2016 th<span class=\"_ _0\"></span>e parties t<span class=\"_ _2b\"></span>o the settlem<span class=\"_ _0\"></span>ent, i.e.<span class=\"_ _0\"></span> Ageas, <span class=\"_ _2b\"></span>Deminor, Stic<span class=\"_ _0\"></span>hting</div>\n<div class=\"t m0 x26 h4f y1f17 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">FortisEf<span class=\"_ _0\"></span>fect, St<span class=\"_ _0\"></span>ichting Inv<span class=\"_ _2b\"></span>estor Claims Aga<span class=\"_ _2b\"></span>inst Fortis, VEB an<span class=\"_ _0\"></span>d Stichti<span class=\"_ _0\"></span>ng FORset<span class=\"_ _0\"></span>tleme<span class=\"_ _0\"></span>nt request<span class=\"_ _0\"></span>ed</div>\n<div class=\"t m0 x26 h4f y1f18 ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the Amst<span class=\"_ _2b\"></span>erdam Court of <span class=\"_ _0\"></span>Appea<span class=\"_ _0\"></span>l to decla<span class=\"_ _2b\"></span>re the settlem<span class=\"_ _0\"></span>ent bin<span class=\"_ _0\"></span>ding for <span class=\"_ _2b\"></span>all eligible F<span class=\"_ _2b\"></span>ortis share<span class=\"wsef\">hol<span class=\"_ _2b\"></span>ders </span></div>\n<div class=\"t m0 x26 h4f y1f19 ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">who woul<span class=\"_ _0\"></span>d not opt<span class=\"_ _0\"></span> out bef<span class=\"_ _2b\"></span>ore the expiry <span class=\"_ _0\"></span>of a giv<span class=\"_ _0\"></span>en perio<span class=\"_ _2b\"></span>d, in accordanc<span class=\"_ _2b\"></span>e with the Dutc<span class=\"_ _0\"></span>h Act on</div>\n<div class=\"t m0 x26 h4f y1f1a ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Collect<span class=\"_ _0\"></span>ive Settl<span class=\"_ _2b\"></span>ement of Mass Claims<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>(Wet Co<span class=\"_ _2b\"></span>llectieve Afwik<span class=\"_ _2b\"></span>keling Massasc<span class=\"_ _0\"></span>hade). Ag<span class=\"_ _0\"></span>eas also</div>\n<div class=\"t m0 x26 h4f y1f1b ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reache<span class=\"_ _0\"></span>d an agreem<span class=\"_ _0\"></span>ent with Mr A<span class=\"_ _0\"></span>rnauts an<span class=\"_ _0\"></span>d Mr Lensse<span class=\"_ _0\"></span>ns, two att<span class=\"_ _0\"></span>o<span class=\"lse2 wsfa\">rneys who l<span class=\"_ _2\"></span>aunched legal action<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x26 h4f y1f1c ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">against Agea<span class=\"_ _2\"></span>s on behalf of a<span class=\"_ _2\"></span> number of clai<span class=\"_ _2\"></span>mants, and in 2017<span class=\"_ _2\"></span> with the Luxem<span class=\"_ _2\"></span>bourg based</div>\n<div class=\"t m0 x26 h4f y1f1d ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">company<span class=\"_ _0\"></span> Archa<span class=\"_ _0\"></span>nd s.\u00e0.<span class=\"_ _0\"></span>r.l. and af<span class=\"_ _0\"></span>filiat<span class=\"_ _0\"></span>ed pers<span class=\"_ _0\"></span>ons, to s<span class=\"_ _2b\"></span>upport the sett<span class=\"_ _2b\"></span>lement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f1e ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f1f ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 16 June 2017, the<span class=\"_ _2\"></span> court took the interim de<span class=\"_ _2\"></span>cision not to<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">declare t<span class=\"_ _0\"></span>he settl<span class=\"_ _2b\"></span>ement binding i<span class=\"_ _2b\"></span>n its </span></span></div>\n<div class=\"t m0 x26 h4f y1f20 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initial f<span class=\"_ _2\"></span>ormat. As per 16<span class=\"_ _2\"></span> October 2017, Agea<span class=\"_ _2\"></span>s decided to make<span class=\"_ _2\"></span> a final additional<span class=\"_ _2\"></span> effort of EUR 1<span class=\"_ _2\"></span>00</div>\n<div class=\"t m0 x26 h4f y1f21 ff3c3 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">million.<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f22 ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f23 ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Per 12 December 2017<span class=\"_ _2\"></span>, the parties submitted<span class=\"_ _2\"></span> an amended and restated settleme<span class=\"_ _2\"></span>nt agreement to the</div>\n<div class=\"t m0 x26 h4f y1f24 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">court. Con<span class=\"_ _2b\"></span>s<span class=\"lse2 ws103\">umen<span class=\"_ _2\"></span>tenclaim, an opponent of the<span class=\"_ _2\"></span> settlement in its initial<span class=\"_ _2\"></span> 2016 format, agreed to suppor<span class=\"_ _2\"></span>t </span></div>\n<div class=\"t m0 x26 h4f y1f25 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the 2017<span class=\"_ _2\"></span> settlement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f26 ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f27 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 13 July 201<span class=\"_ _2b\"></span>8 <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e Amsterda<span class=\"_ _2b\"></span>m Appeal Court decl<span class=\"_ _2b\"></span>ared the settleme<span class=\"_ _0\"></span>nt binding o<span class=\"_ _2b\"></span>n Eligible</div>\n<div class=\"t m0 x26 h4f y1f28 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Shareholders<span class=\"_ _2\"></span> (i.e. persons who<span class=\"_ _2\"></span> held Fortis share<span class=\"_ _2\"></span>s at any <span class=\"lse0 wsf0\">time between c<span class=\"_ _0\"></span>lose of bus<span class=\"_ _0\"></span>iness on 28 </span></div>\n<div class=\"t m0 x26 h4f y1f29 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Februa<span class=\"_ _0\"></span>ry 2007 and<span class=\"_ _0\"></span> close of busi<span class=\"_ _0\"></span>ness on 14 Oct<span class=\"_ _0\"></span>ober 2008).<span class=\"_ _0\"></span> Ageas wa<span class=\"_ _0\"></span>ived its te<span class=\"_ _0\"></span>rminati<span class=\"_ _2b\"></span>on right on 21</div>\n<div class=\"t m0 x26 h4f y1f2a ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">December 2018<span class=\"_ _2\"></span>, effectively making<span class=\"_ _2\"></span> the settlement <span class=\"_ _2\"></span>final.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f2b ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f2c ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t Eligible Shareholders were<span class=\"_ _2\"></span> entitled to compensat<span class=\"lse0 wsfa\">ion for the ev<span class=\"_ _2b\"></span>ents of 2007<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">2008, </span></span></span></div>\n<div class=\"t m0 x26 h4f y1f2d ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subject t<span class=\"_ _2b\"></span>o a full relea<span class=\"_ _0\"></span>se of lia<span class=\"_ _2b\"></span>bility with res<span class=\"_ _2b\"></span>pect to these ev<span class=\"_ _2b\"></span>ents, and in acc<span class=\"_ _2b\"></span>ordance with t<span class=\"_ _0\"></span>he (othe<span class=\"_ _0\"></span>r)</div>\n<div class=\"t m0 x26 h4f y1f2e ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">terms of the sett<span class=\"_ _2\"></span>lement agreement. It further<span class=\"_ _2\"></span> means that Eligible Shareholde<span class=\"_ _2\"></span>rs who did not timely opt</div>\n<div class=\"t m0 x26 h4f y1f2f ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">out (i.e.<span class=\"_ _2b\"></span> at the <span class=\"lse2 ws103\">latest on 31 Decemb<span class=\"_ _2\"></span>er 2018), regardless of whet<span class=\"_ _2\"></span>her or not they timely filed a c<span class=\"_ _2\"></span>laim </span></div>\n<div class=\"t m0 x26 h4f y1f30 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">form, wer<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>by op<span class=\"_ _0\"></span>eration of<span class=\"_ _0\"></span> law, deem<span class=\"_ _2b\"></span>ed to have granted<span class=\"_ _0\"></span> such releas<span class=\"_ _0\"></span>e of liabilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d to have waiv<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x26 h4f y1f31 ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">any rights in con<span class=\"_ _2\"></span>nection with the events.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 270px; height: 691px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 270px; height: 691px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The claims <span class=\"_ _2\"></span>filing period star<span class=\"_ _2\"></span>ted on 27 July <span class=\"_ _2\"></span>2018 and ended on<span class=\"_ _2\"></span> 28 July</div>\n<div class=\"t m0 x7 h4f y803 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2019. As at 31 D<span class=\"_ _2b\"></span>ecember 2022, an a<span class=\"_ _0\"></span>mount of EUR<span class=\"_ _0\"></span> 1,309 mil<span class=\"_ _0\"></span>lion had</div>\n<div class=\"t m0 x7 h4f y804 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">already b<span class=\"_ _0\"></span>een paid out<span class=\"_ _0\"></span> to Eligib<span class=\"_ _0\"></span>le Shareho<span class=\"_ _0\"></span>lders and a re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g</div>\n<div class=\"t m0 x7 h4f y805 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provisi<span class=\"_ _0\"></span>on of EUR<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">1.3 million had been recogn<span class=\"_ _2\"></span>ised for the settlement </span></span></div>\n<div class=\"t m0 x7 h4f y806 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(see note 25 P<span class=\"_ _2b\"></span>rovisions).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 23 June 2022 Agea<span class=\"_ _2\"></span>s announced that, except for<span class=\"_ _2\"></span> a limited number of</div>\n<div class=\"t m0 x7 h4f y809 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unresol<span class=\"_ _0\"></span>ved clai<span class=\"_ _2b\"></span>ms, the settl<span class=\"_ _0\"></span>ement wo<span class=\"_ _0\"></span>uld be cl<span class=\"_ _0\"></span>osed. F<span class=\"_ _0\"></span>inal pay<span class=\"_ _2b\"></span>ments</div>\n<div class=\"t m0 x7 h4f y80a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ed at the end of Au<span class=\"_ _0\"></span>gust 2022.<span class=\"_ _0\"></span> The po<span class=\"wsfa\">tent<span class=\"_ _0\"></span>ial cost<span class=\"_ _2b\"></span>s that Ageas <span class=\"_ _0\"></span>has </span></div>\n<div class=\"t m0 x7 h4f y80b ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">agreed to b<span class=\"_ _0\"></span>ear for the rem<span class=\"_ _0\"></span>aining u<span class=\"_ _0\"></span>nresolve<span class=\"_ _0\"></span>d claims ha<span class=\"_ _0\"></span>ve been prov<span class=\"_ _2b\"></span>ided</div>\n<div class=\"t m0 x7 h4f y80c ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for in the pro<span class=\"_ _0\"></span>vision ref<span class=\"_ _0\"></span>erred to ab<span class=\"_ _0\"></span>ove.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1f37 ff3cc fs46 fc10 sc0 ls0 ws0\" style=\"z-index: 15;\">R<span class=\"ls10e ws131\">esidual <span class=\"_ _2\"></span>proceedings</span> </div>\n<div class=\"t m0 x7 h4f y1355 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Now that the sett<span class=\"_ _2\"></span>lement has become final, the par<span class=\"_ _2\"></span>ties who supported the</div>\n<div class=\"t m0 x7 h4f y1356 ff3ca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">settlem<span class=\"_ _2b\"></span>ent <span class=\"lse2 wsfa\">c<span class=\"_ _2\"></span>ommitted to termina<span class=\"_ _2\"></span>te their legal pro<span class=\"_ _2\"></span>ceedings.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1357 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1358 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The parti<span class=\"_ _0\"></span>es who time<span class=\"_ _0\"></span>ly submitt<span class=\"_ _2b\"></span>ed an opt<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">out notice m<span class=\"_ _2b\"></span>ay resume their </span></div>\n<div class=\"t m0 x7 h4f y1359 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">legal pro<span class=\"_ _0\"></span>ceedin<span class=\"_ _0\"></span>gs in the Neth<span class=\"_ _2b\"></span>erlands or, as the cas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ma<span class=\"_ _0\"></span>y be, resume o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x7 h4f y135a ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ue their <span class=\"_ _0\"></span>legal proc<span class=\"_ _2b\"></span>eedings in B<span class=\"_ _0\"></span>elgium.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y135b ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y135c ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the sec<span class=\"_ _2b\"></span>tions below <span class=\"lse2 ws103\">we give a comprehensive update of all<span class=\"_ _2\"></span> residual </span></div>\n<div class=\"t m0 x7 h4f y135d ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings whi<span class=\"_ _2\"></span>ch were either terminated<span class=\"_ _2\"></span> in 2022, or not terminated b<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h4f y135e ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">31 Decemb<span class=\"_ _2b\"></span>er 2022. These const<span class=\"_ _0\"></span>itute co<span class=\"_ _0\"></span>ntingent<span class=\"_ _0\"></span> liabilit<span class=\"_ _2b\"></span>ies without</div>\n<div class=\"t m0 x7 h4f y135f ff3ca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provisi<span class=\"_ _0\"></span>ons.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1f38 ff3ca fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.1<span class=\"ls0 ws0\"> <span class=\"_ _13c\"> </span><span class=\"lse0 wsf0\">In the Netherla<span class=\"_ _2b\"></span>nds <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 y1f39 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.1.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Cebu<span class=\"_ _2\"></span>lon</span> </span></div>\n<div class=\"t m0 x7 h4f y1f3a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 14 July 202<span class=\"_ _2b\"></span>0, Dutch investme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>com<span class=\"_ _2b\"></span>pany Cebulon init<span class=\"_ _2b\"></span>iated legal</div>\n<div class=\"t m0 x7 h4f y1f3b ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings aga<span class=\"_ _2\"></span>inst Ageas and some co<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">de<span class=\"_ _2\"></span>fendants regarding<span class=\"_ _2\"></span> alleged </span></div>\n<div class=\"t m0 x7 h4f y1f3c ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">misleading commun<span class=\"_ _2\"></span>ication in 2007<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">2008. In its cap<span class=\"_ _0\"></span>acity of for<span class=\"_ _2b\"></span>mer Fortis </span></span></div>\n<div class=\"t m0 x7 h4f y1f3d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>older, Ceb<span class=\"_ _2b\"></span>ulon claims a compe<span class=\"_ _0\"></span>nsatio<span class=\"_ _0\"></span>n for the <span class=\"lse2 ws103\">allegedly suffered<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1f3e ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">damages.<span class=\"_ _0\"></span> The fo<span class=\"_ _0\"></span>rum is th<span class=\"_ _0\"></span>e Utrec<span class=\"_ _0\"></span>ht court <span class=\"_ _0\"></span>of first<span class=\"_ _0\"></span> insta<span class=\"_ _0\"></span>nce. An</div>\n<div class=\"t m0 x7 h4f y1f3f ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">introduc<span class=\"_ _0\"></span>tory hea<span class=\"_ _2b\"></span>ring took place on 9 Sept<span class=\"_ _2b\"></span>ember 2020 in Utrec<span class=\"_ _2b\"></span>ht. The</div>\n<div class=\"t m0 x7 h4f y1f40 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">parties are<span class=\"_ _2\"></span> now exchanging wri<span class=\"_ _2\"></span>tten submissions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y1f41 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.1.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsfa\">Du<span class=\"_ _2\"></span>tch individual inves<span class=\"_ _2\"></span>tor</span> </span></div>\n<div class=\"t m0 x7 h4f y1f42 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 29 Ja<span class=\"_ _0\"></span>nuary 2<span class=\"_ _0\"></span>021, a Dut<span class=\"_ _0\"></span>c<span class=\"lse2\">h individual in<span class=\"_ _2\"></span>vestor initiated l<span class=\"_ _2\"></span>egal </span></div>\n<div class=\"t m0 x7 h4f y1f43 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings aga<span class=\"_ _2\"></span>inst Ageas. He claimed a com<span class=\"_ _2\"></span>pensation for the</div>\n<div class=\"t m0 x7 h4f y1f44 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">damages <span class=\"_ _0\"></span>he alle<span class=\"_ _0\"></span>gedly suf<span class=\"_ _2b\"></span>fered pursua<span class=\"_ _0\"></span>nt to the F<span class=\"_ _2b\"></span>ortis crisis<span class=\"_ _0\"></span> in 2007<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1f45 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">2008. The forum i<span class=\"_ _2\"></span>s the Utrecht court of first in<span class=\"_ _2\"></span>stance. An introductory</div>\n<div class=\"t m0 x7 h4f y1f46 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hearin<span class=\"_ _0\"></span>g was held <span class=\"wsfa\">on 1<span class=\"_ _0\"></span>0 March <span class=\"_ _0\"></span>2021. Th<span class=\"_ _2b\"></span>e parties agree<span class=\"_ _2b\"></span>d to terminat<span class=\"_ _0\"></span>e the </span></div>\n<div class=\"t m0 x7 h4f y1f47 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings in<span class=\"_ _2\"></span> June 2022.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1f48 ff3ca fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2<span class=\"ls0 ws0\"> <span class=\"_ _13c\"> </span><span class=\"lse0 wsf0\">In Belgium</span> </span></div>\n<div class=\"t m0 x7 h55 y1f49 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Modr<span class=\"_ _2\"></span>ikamen</span> </span></div>\n<div class=\"t m0 x7 h4f y1f4a ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 28 January 2009<span class=\"_ _2\"></span>, a series of shareholders<span class=\"_ _2\"></span> represented by Mr</div>\n<div class=\"t m0 x7 h4f y1f4b ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Modrikamen br<span class=\"_ _2\"></span>ought an action be<span class=\"_ _2\"></span>fore the Brussels<span class=\"_ _2\"></span> Commercial Court</div>\n<div class=\"t m0 x7 h4f y1f4c ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initially<span class=\"_ _2\"></span> reque<span class=\"lse0\">sting <span class=\"_ _0\"></span>the annu<span class=\"_ _2b\"></span>lment of the sa<span class=\"_ _0\"></span>le of AS<span class=\"_ _0\"></span>R to the <span class=\"_ _0\"></span>Dutch <span class=\"_ _0\"></span>State </span></div>\n<div class=\"t m0 x7 h4f y1f4d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and the sal<span class=\"_ _0\"></span>e of Fortis Ba<span class=\"_ _2b\"></span>nk <span class=\"_ _2\"></span>to SF<span class=\"_ _2b\"></span>PI (and subseque<span class=\"_ _0\"></span>ntly to BN<span class=\"_ _0\"></span>P Paribas<span class=\"_ _0\"></span>),</div>\n<div class=\"t m0 x1a h4f y1f4e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or alternat<span class=\"_ _2\"></span>ively damages. On <span class=\"_ _2\"></span>8 December 2009, <span class=\"_ _2\"></span>the Court inter<span class=\"_ _2\"></span> alia</div>\n<div class=\"t m0 x1a h4f y1f4f ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">decided t<span class=\"_ _2b\"></span>hat it was not c<span class=\"_ _0\"></span>ompete<span class=\"_ _2b\"></span>nt to judge on act<span class=\"_ _2b\"></span>ions against t<span class=\"_ _0\"></span>he Dutc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x1a h4f y1f50 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">defendants.<span class=\"_ _2\"></span> On 17 January 2013<span class=\"_ _2\"></span>, the Brussels Cour<span class=\"_ _2\"></span>t of Appeal</div>\n<div class=\"t m0 x1a h4f y1f51 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">confirmed thi<span class=\"_ _2\"></span>s judgment in this respect. In<span class=\"_ _2\"></span> July 2014, Mr Modrikamen</div>\n<div class=\"t m0 x1a h4f y1f52 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">filed an ap<span class=\"_ _2\"></span>peal before the S<span class=\"_ _2\"></span>upreme Court on <span class=\"_ _2\"></span>this issue. On 23<span class=\"_ _2\"></span> October</div>\n<div class=\"t m0 x1a h4f y1f53 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">2015 the<span class=\"_ _2\"></span> Supreme Court rejec<span class=\"_ _2\"></span>ted this appeal.<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Mr Mod<span class=\"_ _0\"></span>rikame<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>cont<span class=\"_ _2b\"></span>inued </span></span></div>\n<div class=\"t m0 x1a h4f y1f54 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the proc<span class=\"_ _2b\"></span>eedings befor<span class=\"_ _0\"></span>e the com<span class=\"_ _2b\"></span>mercial court<span class=\"_ _0\"></span> regardi<span class=\"_ _2b\"></span>ng the sale of F<span class=\"_ _2b\"></span>ortis</div>\n<div class=\"t m0 x1a h4f y1f55 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Bank, ai<span class=\"_ _0\"></span>ming at t<span class=\"_ _2b\"></span>he payment of <span class=\"_ _0\"></span>a compe<span class=\"_ _0\"></span>nsation b<span class=\"_ _2b\"></span>y BNP Paribas t<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x1a h4f y1f56 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas, as w<span class=\"_ _2b\"></span>ell as by Ageas to the cla<span class=\"_ _0\"></span>imants. I<span class=\"_ _0\"></span>n an interim ju<span class=\"_ _2b\"></span>dgment of 4</div>\n<div class=\"t m0 x1a h4f y1f57 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">November 2014, the<span class=\"_ _2\"></span> co<span class=\"lse0 wsf0\">urt d<span class=\"_ _0\"></span>eclared a<span class=\"_ _0\"></span>bout 50% of th<span class=\"_ _0\"></span>e origin<span class=\"_ _0\"></span>al claimant<span class=\"_ _2b\"></span>s </span></div>\n<div class=\"t m0 x1a h4f y1f58 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not admis<span class=\"_ _2b\"></span>sible. On 29 A<span class=\"_ _0\"></span>pril 20<span class=\"_ _0\"></span>16 the B<span class=\"_ _0\"></span>russels <span class=\"_ _0\"></span>Commerc<span class=\"_ _2b\"></span>ial Court</div>\n<div class=\"t m0 x1a h4f y1f59 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">decided t<span class=\"_ _2b\"></span>o suspend the <span class=\"_ _0\"></span>procee<span class=\"_ _0\"></span>dings aw<span class=\"_ _2b\"></span>aiting the out<span class=\"_ _0\"></span>come of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y1f5a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">crimina<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>proc<span class=\"_ _2b\"></span>edure. The proceed<span class=\"_ _2b\"></span>ings are now reacti<span class=\"_ _0\"></span>vated an<span class=\"_ _0\"></span>d the</div>\n<div class=\"t m0 x1a h4f y1f5b ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">parties<span class=\"_ _0\"></span> are excha<span class=\"wsfa\">n<span class=\"_ _0\"></span>ging writ<span class=\"_ _0\"></span>ten su<span class=\"_ _0\"></span>bmissi<span class=\"_ _0\"></span>ons. Not<span class=\"_ _2b\"></span>hing is claime<span class=\"_ _2b\"></span>d anymore </span></div>\n<div class=\"t m0 x1a h4f y1f5c ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">from Age<span class=\"_ _0\"></span>as in th<span class=\"_ _0\"></span>ese proc<span class=\"_ _0\"></span>eedings<span class=\"_ _0\"></span>. On 7 J<span class=\"_ _0\"></span>une 2020,<span class=\"_ _0\"></span> Ageas e<span class=\"_ _2b\"></span>ntered into a</div>\n<div class=\"t m0 x1a h4f y1f5d ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">settlem<span class=\"_ _2b\"></span>ent agreement w<span class=\"_ _2b\"></span>ith Mr Modrikam<span class=\"_ _2b\"></span>en and his cli<span class=\"_ _0\"></span>ents who t<span class=\"_ _0\"></span>imely</div>\n<div class=\"t m0 x1a h4f y1f5e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">filed an op<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">-</span><span class=\"lse0\">out not<span class=\"_ _0\"></span>ice, purs<span class=\"_ _2b\"></span>uant to which t<span class=\"_ _2b\"></span>hese persons n<span class=\"_ _0\"></span>o longe<span class=\"_ _0\"></span><span class=\"wsef\">r </span></span></div>\n<div class=\"t m0 x1a h4f y1f5f ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ue these pro<span class=\"_ _0\"></span>ceeding<span class=\"_ _0\"></span>s against A<span class=\"_ _2b\"></span>geas SA/NV.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y1f60 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2.2 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Demino<span class=\"_ _2\"></span>r</span> </span></div>\n<div class=\"t m0 x1a h4f y1f61 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 13 January 2010<span class=\"_ _2\"></span>, a series of shareholders<span class=\"_ _2\"></span> associated with Deminor</div>\n<div class=\"t m0 x1a h4f y1f62 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">International<span class=\"_ _2\"></span> (currently named D<span class=\"_ _2\"></span>RS Belgium) brought a<span class=\"_ _2\"></span>n action before<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1f63 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Brussels Commer<span class=\"_ _2\"></span>cial Court, seeking damages<span class=\"_ _2\"></span> based <span class=\"wsfa\">on alleged </span></div>\n<div class=\"t m0 x1a h4f y1f64 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lack of/o<span class=\"_ _0\"></span>r mislead<span class=\"_ _0\"></span>ing infor<span class=\"_ _2b\"></span>mation by Fortis du<span class=\"_ _0\"></span>ring the per<span class=\"_ _0\"></span>iod from Mar<span class=\"_ _2b\"></span>ch</div>\n<div class=\"t m0 x1a h4f y1f65 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2007 to Oct<span class=\"_ _0\"></span>ober 2008.<span class=\"_ _0\"></span> On 28 April<span class=\"_ _0\"></span> 2014, the cou<span class=\"_ _0\"></span>rt declare<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>in an int<span class=\"_ _2b\"></span>erim</div>\n<div class=\"t m0 x1a h4f y1f66 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgme<span class=\"_ _0\"></span>nt about 2<span class=\"_ _2b\"></span>5% of the claim<span class=\"_ _2b\"></span>ants not admis<span class=\"_ _0\"></span>sible. T<span class=\"_ _0\"></span>he parti<span class=\"_ _2b\"></span>es are in</div>\n<div class=\"t m0 x1a h4f y1f67 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the cours<span class=\"_ _0\"></span>e of terminat<span class=\"_ _2b\"></span>ing these proce<span class=\"_ _0\"></span>edings.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y1f68 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2.3 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse0 wsf0\">Other claims on b<span class=\"_ _0\"></span>ehalf of in<span class=\"_ _0\"></span>dividua<span class=\"_ _0\"></span>l shareh<span class=\"_ _0\"></span>olders<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y1f69 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 12 Sept<span class=\"_ _2\"></span>ember 2012, Patripar<span class=\"_ _2\"></span>t, a (former) <span class=\"_ _2\"></span>Fortis shareholder,<span class=\"_ _2\"></span> and its</div>\n<div class=\"t m0 x1a h4f y1f6a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">parent c<span class=\"_ _0\"></span>ompany Patr<span class=\"_ _2b\"></span>invest, brought an ac<span class=\"_ _0\"></span>tion bef<span class=\"_ _2b\"></span>ore the Brussels</div>\n<div class=\"t m0 x1a h4f y1f6b ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Commercial <span class=\"_ _2\"></span>Court, seeking dama<span class=\"_ _2\"></span>ges based on al<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">le<span class=\"_ _0\"></span>ged lack of or </span></div>\n<div class=\"t m0 x1a h4f y1f6c ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">mislead<span class=\"_ _2b\"></span>ing information in t<span class=\"_ _0\"></span>he conte<span class=\"_ _0\"></span>xt of the 2007 ri<span class=\"_ _2b\"></span>ghts issue. On 1</div>\n<div class=\"t m0 x1a h4f y1f6d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Februa<span class=\"_ _0\"></span>ry 2016 the co<span class=\"_ _0\"></span>urt fully rej<span class=\"_ _2b\"></span>ected the claim. O<span class=\"_ _0\"></span>n 16 March 20<span class=\"_ _0\"></span>16,</div>\n<div class=\"t m0 x1a h4f y1f6e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Patrinvest <span class=\"_ _2\"></span>filed an appeal be<span class=\"_ _2\"></span>fore the Brussel<span class=\"_ _2\"></span>s Appeal Court. T<span class=\"_ _2\"></span>he parties</div>\n<div class=\"t m0 x1a h4f y1f6f ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are exchangi<span class=\"_ _2\"></span>ng their last wr<span class=\"_ _2\"></span>i<span class=\"lse0 wsf0\">tte<span class=\"_ _0\"></span>n submiss<span class=\"_ _0\"></span>ions and ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>await<span class=\"_ _2b\"></span>ing a </span></div>\n<div class=\"t m0 x1a h4f y1f70 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">pleadi<span class=\"_ _0\"></span>ng date a<span class=\"_ _0\"></span>nd the co<span class=\"_ _0\"></span>urt\u2019s d<span class=\"_ _0\"></span>ecision<span class=\"_ _2b\"></span>, for which no d<span class=\"_ _0\"></span>ate has y<span class=\"_ _2b\"></span>et been</div>\n<div class=\"t m0 x1a h4f y1f71 ff3ca fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">set.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1f72 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f73 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 29 Apri<span class=\"_ _2\"></span>l 2013, a serie<span class=\"_ _2\"></span>s of shareholder<span class=\"_ _2\"></span>s represented by M<span class=\"_ _2\"></span>r Arnauts</div>\n<div class=\"t m0 x1a h4f y1f74 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">brought an<span class=\"_ _2\"></span> action before the<span class=\"_ _2\"></span> Brussels Commercial<span class=\"_ _2\"></span> Court, seeking</div>\n<div class=\"t m0 x1a h4f y1f75 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">damages ba<span class=\"ws103\">sed<span class=\"_ _2\"></span> on alleged incomplete or mi<span class=\"_ _2\"></span>sleading information by </span></div>\n<div class=\"t m0 x1a h4f y1f76 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Fortis i<span class=\"_ _0\"></span>n 2007 an<span class=\"_ _2b\"></span>d 2008; this act<span class=\"_ _2b\"></span>ion was suspen<span class=\"_ _2b\"></span>ded awaiting t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y1f77 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outcom<span class=\"_ _0\"></span>e of the c<span class=\"_ _0\"></span>riminal <span class=\"_ _0\"></span>procee<span class=\"_ _0\"></span>dings. T<span class=\"_ _0\"></span>he part<span class=\"_ _0\"></span>ies are i<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>urse of</div>\n<div class=\"t m0 x1a h4f y1f78 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">terminating <span class=\"_ _2\"></span>these proceedings.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1f79 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f7a ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 19 Sep<span class=\"_ _0\"></span>tember <span class=\"_ _2b\"></span>2013, certain (f<span class=\"_ _2b\"></span>orm<span class=\"lse2 ws103\">er) Fortis<span class=\"_ _2\"></span> shareholders </span></div>\n<div class=\"t m0 x1a h4f y1f7b ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">represe<span class=\"_ _0\"></span>nted by M<span class=\"_ _2b\"></span>r Lenssens init<span class=\"_ _2b\"></span>iated a simil<span class=\"_ _0\"></span>ar actio<span class=\"_ _2b\"></span>n before the</div>\n<div class=\"t m0 x1a h4f y1f7c ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Brussels Civil Cou<span class=\"_ _2\"></span>rt; this action was susp<span class=\"_ _2\"></span>ended awaiting the outcome of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1f7d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the crimi<span class=\"_ _0\"></span>nal proce<span class=\"_ _0\"></span>edings.<span class=\"_ _0\"></span> The parties<span class=\"_ _2b\"></span> are in the course of ter<span class=\"_ _0\"></span>minatin<span class=\"_ _2b\"></span>g</div>\n<div class=\"t m0 x1a h4f y1f7e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">these proce<span class=\"_ _2\"></span>edings.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 267px; height: 839px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 267px; height: 839px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff3d3 fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.3<span class=\"ls0 ws0\"> <span class=\"_ _13c\"> </span><span class=\"lse2 wsfa\">Hold <span class=\"_ _2\"></span>harmless undertakin<span class=\"_ _2\"></span>gs</span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In 2008,<span class=\"_ _0\"></span> Fortis <span class=\"_ _0\"></span>granted c<span class=\"_ _0\"></span>ertain f<span class=\"_ _2b\"></span>ormer executiv<span class=\"_ _2b\"></span>es and direct<span class=\"_ _2b\"></span>ors, at the</div>\n<div class=\"t m0 x7 h4f y804 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">time of the<span class=\"_ _0\"></span>ir depart<span class=\"_ _0\"></span>ure, a contr<span class=\"_ _0\"></span>actual ho<span class=\"_ _0\"></span>ld harml<span class=\"_ _0\"></span>ess protect<span class=\"_ _2b\"></span>ion covering</div>\n<div class=\"t m0 x7 h4f y805 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">legal ex<span class=\"_ _0\"></span>penses a<span class=\"_ _2b\"></span>nd, in certai<span class=\"_ _0\"></span>n cases,<span class=\"_ _0\"></span> also <span class=\"lse2 ws103\">the financial consequence<span class=\"_ _2\"></span>s of </span></div>\n<div class=\"t m0 x7 h4f y806 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">any judicial<span class=\"_ _2\"></span> decisions, in the event that lega<span class=\"_ _2\"></span>l proceedings were brough<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x7 h4f y807 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">against<span class=\"_ _0\"></span> them on t<span class=\"_ _2b\"></span>he basis of the<span class=\"_ _0\"></span>ir mand<span class=\"_ _0\"></span>ates ex<span class=\"_ _0\"></span>ercised <span class=\"_ _0\"></span>within t<span class=\"_ _2b\"></span>he Fortis</div>\n<div class=\"t m0 x7 h4f y808 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">group. Ageas con<span class=\"_ _2\"></span>tests the validity of the con<span class=\"_ _2\"></span>tractual hold harmless</div>\n<div class=\"t m0 x7 h4f y809 ff3d3 fs3a fc14 sc0 lsfa ws11e\" style=\"z-index: 15;\">commitmen<span class=\"_ _2\"></span>ts t<span class=\"lse0 wsfa\">o the exte<span class=\"_ _2b\"></span>nt they relate<span class=\"_ _0\"></span> to the fi<span class=\"_ _2b\"></span>nancial conseq<span class=\"_ _0\"></span>uences <span class=\"_ _2b\"></span>of </span></div>\n<div class=\"t m0 x7 h4f y80a ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any judic<span class=\"_ _0\"></span>ial decisi<span class=\"_ _2b\"></span>ons.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Furtherm<span class=\"_ _2b\"></span>ore, and as st<span class=\"_ _0\"></span>andard m<span class=\"_ _2b\"></span>arket practic<span class=\"_ _0\"></span>e in this k<span class=\"_ _2b\"></span>ind of operati<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x7 h4f y80d ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas e<span class=\"_ _0\"></span>ntered i<span class=\"_ _0\"></span>nto agr<span class=\"_ _0\"></span>eements<span class=\"_ _0\"></span> with c<span class=\"_ _0\"></span>ertain f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al insti<span class=\"_ _0\"></span>tutions<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y80e ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">facilitat<span class=\"_ _2b\"></span>ing the placing of F<span class=\"_ _0\"></span>ortis<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">shar<span class=\"_ _2b\"></span>es in the contex<span class=\"_ _2b\"></span>t of the capital<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y80f ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>es of 2007 and 2008. Th<span class=\"_ _0\"></span>ese agre<span class=\"_ _0\"></span>ements co<span class=\"_ _0\"></span>ntain ind<span class=\"_ _2b\"></span>emnification</div>\n<div class=\"t m0 x7 h4f y810 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">clauses t<span class=\"_ _2b\"></span>hat imply hol<span class=\"_ _2b\"></span>d harmless obl<span class=\"_ _0\"></span>igation<span class=\"_ _0\"></span>s for Age<span class=\"_ _2b\"></span>as subject to c<span class=\"_ _0\"></span>ertain</div>\n<div class=\"t m0 x7 h4f y90a ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">terms and co<span class=\"_ _2b\"></span>nditions. Som<span class=\"_ _0\"></span>e of these fina<span class=\"_ _2b\"></span>ncial instituti<span class=\"_ _0\"></span>ons are inv<span class=\"_ _2b\"></span>olved in</div>\n<div class=\"t m0 x7 h4f y90b ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">certain leg<span class=\"_ _2\"></span>al proceedings men<span class=\"_ _2\"></span>tioned in this chap<span class=\"_ _2\"></span>ter.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90c ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90d ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the cont<span class=\"_ _0\"></span>ext of a sett<span class=\"_ _0\"></span>lement wit<span class=\"_ _0\"></span>h the unde<span class=\"_ _2b\"></span>rwriters of D&amp;O liab<span class=\"_ _0\"></span>ility</div>\n<div class=\"t m0 x7 h4f y90e ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">insurance and Publ<span class=\"_ _2\"></span>ic Offering of Securities<span class=\"_ _2\"></span> Insurance policies relating<span class=\"_ _2\"></span> to</div>\n<div class=\"t m0 x7 h4f y90f ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the eve<span class=\"_ _0\"></span>nts and d<span class=\"_ _0\"></span>evelopm<span class=\"_ _0\"></span>ents su<span class=\"_ _2b\"></span>rrounding the f<span class=\"_ _0\"></span>ormer F<span class=\"_ _0\"></span>ortis<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">Group in </span></span></div>\n<div class=\"t m0 x7 h4f y910 ff3d3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2007 <span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">2008, A<span class=\"_ _2b\"></span>geas grante<span class=\"_ _0\"></span>d a hold h<span class=\"_ _0\"></span>armless<span class=\"_ _0\"></span> undert<span class=\"_ _0\"></span>aking i<span class=\"_ _0\"></span>n favour <span class=\"_ _2b\"></span>of </span></span></div>\n<div class=\"t m0 x7 h4f y911 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the insurers fo<span class=\"_ _2\"></span>r the aggregate amount of cove<span class=\"_ _2\"></span>rage under the policies</div>\n<div class=\"t m0 x7 h4f y912 ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">concerned. <span class=\"_ _2\"></span>In addition, Agea<span class=\"_ _2\"></span>s granted certain ind<span class=\"_ _2\"></span>emnity and hold</div>\n<div class=\"t m0 x7 h4f y913 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">harmless<span class=\"_ _0\"></span> undert<span class=\"_ _2b\"></span>akings in fav<span class=\"_ _0\"></span>our of c<span class=\"_ _0\"></span>ertain f<span class=\"_ _2b\"></span><span class=\"wsf0\">ormer Fortis exec<span class=\"_ _2b\"></span>utives and </span></div>\n<div class=\"t m0 x7 h4f y914 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">directors and of<span class=\"_ _2\"></span> BNP Paribas Fortis relating<span class=\"_ _2\"></span> to future defence costs,<span class=\"_ _2\"></span> as</div>\n<div class=\"t m0 x7 h4f y915 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">well as i<span class=\"_ _2b\"></span>n favour of the d<span class=\"_ _0\"></span>irecto<span class=\"_ _0\"></span>rs of th<span class=\"_ _0\"></span>e two Dut<span class=\"_ _0\"></span>ch foun<span class=\"_ _0\"></span>dations c<span class=\"_ _2b\"></span>reated in</div>\n<div class=\"t m0 x7 h4f y916 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cont<span class=\"_ _0\"></span>ext of t<span class=\"_ _0\"></span>he settl<span class=\"_ _0\"></span>ement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1f85 ff3d5 fs46 fc10 sc0 ls100 ws11a\" style=\"z-index: 15;\">43.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1f86 ff3d5 fs46 fc10 sc0 ls10e ws131\" style=\"z-index: 15;\">Contingent liab<span class=\"_ _2\"></span>ilities for hybrid <span class=\"_ _2\"></span>instrument<span class=\"ls13e ws165\">s of <span class=\"_ _2\"></span></span></div>\n<div class=\"t m0 x7 h6a y1f87 ff3d5 fs46 fc10 sc0 ls10f ws132\" style=\"z-index: 15;\">former subsidiar<span class=\"_ _2b\"></span>i<span class=\"_ _2\"></span>es<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1083 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2007 BNP P<span class=\"_ _2b\"></span>aribas Fortis SA/N<span class=\"_ _2b\"></span>V <span class=\"_ _2\"></span>issu<span class=\"_ _2b\"></span>ed CASHES (Conv<span class=\"_ _0\"></span>ertible A<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x7 h4f y1084 ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subordinated <span class=\"_ _2\"></span>Hybrid Equity<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">linked Securit<span class=\"_ _0\"></span>ies), wit<span class=\"_ _0\"></span>h Ageas SA/<span class=\"_ _0\"></span>NV acting </span></span></div>\n<div class=\"t m0 x7 h4f y1085 ff3d3 fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">as co<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">obli<span class=\"_ _0\"></span>gor (BNP<span class=\"_ _0\"></span> Paribas Fort<span class=\"_ _2b\"></span>is SA/NV was at that <span class=\"wsfa\">p<span class=\"_ _0\"></span>oint in t<span class=\"_ _0\"></span>ime a </span></span></span></div>\n<div class=\"t m0 x7 h4f y1086 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subsidi<span class=\"_ _0\"></span>ary). F<span class=\"_ _0\"></span>rom the o<span class=\"_ _0\"></span>rigina<span class=\"_ _0\"></span>l 12,000 <span class=\"_ _0\"></span>securit<span class=\"_ _0\"></span>ies issu<span class=\"_ _0\"></span>ed, 3,<span class=\"_ _0\"></span>326 secu<span class=\"_ _0\"></span>rities</div>\n<div class=\"t m0 x1a h4f y1f88 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remain out<span class=\"_ _2b\"></span>standing, repr<span class=\"_ _2b\"></span>esenting an aggr<span class=\"_ _0\"></span>egate pri<span class=\"_ _0\"></span>ncipal am<span class=\"_ _2b\"></span>ount of EUR</div>\n<div class=\"t m0 x1a h4f y1f89 ff3d3 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">831.5<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million. </span> </span></div>\n<div class=\"t m0 x1a h4f y1f8a ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f8b ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The secur<span class=\"_ _0\"></span>ities hav<span class=\"_ _0\"></span>e no maturit<span class=\"_ _0\"></span>y date and ca<span class=\"_ _0\"></span>nnot be rep<span class=\"_ _0\"></span>aid in cash, t<span class=\"_ _0\"></span>hey</div>\n<div class=\"t m0 x1a h4f y1f8c ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">can only be ex<span class=\"_ _0\"></span>change<span class=\"_ _0\"></span>d into <span class=\"wsef\">Ageas<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">shares at a pr<span class=\"_ _0\"></span>ice of EUR 239.<span class=\"_ _2b\"></span>40 per </span></span></span></div>\n<div class=\"t m0 x1a h4f y1f8d ff3d3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">share. A mandat<span class=\"_ _2b\"></span>ory exchange tak<span class=\"_ _0\"></span>es place if th<span class=\"_ _0\"></span>e price of the </span></span></div>\n<div class=\"t m0 x1a h4f y1f8e ff3d3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">share is equal to or hi<span class=\"_ _2b\"></span>gher than EUR 359.<span class=\"_ _2b\"></span>10 on twenty </span></span></div>\n<div class=\"t m0 x1a h4f y1f8f ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consec<span class=\"_ _0\"></span>utive stoc<span class=\"_ _0\"></span>k exchan<span class=\"_ _0\"></span>ge busin<span class=\"_ _0\"></span>ess days. BN<span class=\"_ _0\"></span>P Pariba<span class=\"_ _0\"></span>s Fortis SA/<span class=\"_ _0\"></span>NV</div>\n<div class=\"t m0 x1a h4f y1f90 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">owns 3,47<span class=\"_ _0\"></span>3,271<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Ageas</span> </span>shares for t<span class=\"_ _0\"></span>he purpos<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e potential ex<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1f91 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the CASH<span class=\"_ _0\"></span>ES. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1f92 ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f93 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The sole <span class=\"_ _2b\"></span>recourse of t<span class=\"_ _0\"></span>he holder<span class=\"_ _0\"></span>s of the C<span class=\"_ _2b\"></span>ASHES against<span class=\"_ _2b\"></span> any of the co<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1f94 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">obligors with re<span class=\"_ _2\"></span>spect to the principal amount<span class=\"_ _2\"></span> are the Ageas shares that</div>\n<div class=\"t m0 x1a h4f y1f95 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">BNP Pari<span class=\"_ _0\"></span>bas Fortis<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>SA/N<span class=\"_ _0\"></span>V holds, th<span class=\"_ _0\"></span>ese shar<span class=\"_ _0\"></span>es are pled<span class=\"_ _0\"></span>ged in favou<span class=\"_ _0\"></span>r of</div>\n<div class=\"t m0 x1a h4f y1f96 ff3d3 fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">suc<span class=\"lse0 wsf0\">h holders<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1f97 ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f98 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">BNP Paribas Forti<span class=\"_ _2\"></span>s SA/NV pays the coupon on the CASHES<span class=\"_ _2\"></span>, in</div>\n<div class=\"t m0 x1a h4f y1f99 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">quarter<span class=\"_ _0\"></span>ly arrears<span class=\"_ _0\"></span>, at a variab<span class=\"_ _0\"></span>le rate of 3 mo<span class=\"_ _0\"></span>nth Eurib<span class=\"_ _0\"></span>or plus 200 b<span class=\"_ _0\"></span>asis</div>\n<div class=\"t m0 x1a h4f y1f9a ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">points, <span class=\"_ _0\"></span>up to th<span class=\"_ _0\"></span>e exchan<span class=\"_ _2b\"></span>ge of the secu<span class=\"_ _0\"></span>rities fo<span class=\"_ _0\"></span>r Ageas <span class=\"_ _0\"></span>shares. I<span class=\"_ _2b\"></span>n the</div>\n<div class=\"t m0 x1a h4f y1f9b ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event that<span class=\"_ _0\"></span> Ageas decl<span class=\"_ _0\"></span>ares no div<span class=\"_ _0\"></span>idend on i<span class=\"wsfa\">t<span class=\"_ _0\"></span>s shares<span class=\"_ _0\"></span>, or t<span class=\"_ _0\"></span>hat the </span></div>\n<div class=\"t m0 x1a h4f y1f9c ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds to be decla<span class=\"_ _2b\"></span>red are below a thres<span class=\"_ _0\"></span>hold wit<span class=\"_ _0\"></span>h respect to any<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x1a h4f y1f9d ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al year <span class=\"_ _0\"></span>(divide<span class=\"_ _0\"></span>nd yiel<span class=\"_ _0\"></span>d less th<span class=\"_ _0\"></span>an 0.5%<span class=\"_ _0\"></span>), and in<span class=\"_ _0\"></span> certai<span class=\"_ _0\"></span>n other</div>\n<div class=\"t m0 x1a h4f y1f9e ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">circumstances<span class=\"_ _2\"></span>, coupons will manda<span class=\"_ _2\"></span>torily need to<span class=\"_ _2\"></span> be settled by Agea<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y1f9f ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">SA/NV via issuan<span class=\"_ _2\"></span>ce of new sha<span class=\"lse0 wsfa\">res in ac<span class=\"_ _0\"></span>corda<span class=\"_ _0\"></span>nce wit<span class=\"_ _0\"></span>h the so c<span class=\"_ _0\"></span>alled </span></div>\n<div class=\"t m0 x1a h4f y1fa0 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Alternative Cou<span class=\"_ _2\"></span>pon Settlement Method (ACSM), whi<span class=\"_ _2\"></span>le BNP Paribas</div>\n<div class=\"t m0 x1a h4f y1fa1 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Fortis S<span class=\"_ _0\"></span>A/NV w<span class=\"_ _0\"></span>ould nee<span class=\"_ _2b\"></span>d to issue instru<span class=\"_ _0\"></span>ments t<span class=\"_ _0\"></span>hat qua<span class=\"_ _0\"></span>lify as <span class=\"_ _0\"></span>hybrid T<span class=\"_ _0\"></span>ier</div>\n<div class=\"t m0 x1a h4f y1fa2 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">1 instrum<span class=\"_ _0\"></span>ents to Age<span class=\"_ _0\"></span>as as compe<span class=\"_ _0\"></span>nsatio<span class=\"_ _0\"></span>n for the coup<span class=\"_ _0\"></span>ons paid by A<span class=\"_ _2b\"></span>geas</div>\n<div class=\"t m0 x1a h4f y1fa3 ff3d3 fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">SA/NV. If the <span class=\"lse2 ws103\">ACSM is triggered<span class=\"_ _2\"></span> and there is insufficient ava<span class=\"_ _2\"></span>ilable </span></div>\n<div class=\"t m0 x1a h4f y1fa4 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">authoris<span class=\"_ _2b\"></span>ed capital to enabl<span class=\"_ _0\"></span>e Ageas SA/<span class=\"_ _0\"></span>NV to meet th<span class=\"_ _0\"></span>e ACSM obli<span class=\"_ _0\"></span>gation,<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1fa5 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cou<span class=\"_ _0\"></span>pon sett<span class=\"_ _0\"></span>lement w<span class=\"_ _2b\"></span>ill be postpon<span class=\"_ _0\"></span>ed until s<span class=\"_ _2b\"></span>uch time as the <span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> to</div>\n<div class=\"t m0 x1a h4f y1fa6 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">issue shares is<span class=\"_ _2\"></span> restored. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1fa7 ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1fa8 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In an agreem<span class=\"_ _2b\"></span>ent reached in <span class=\"lse2 ws103\">2012, that amongst other<span class=\"_ _2\"></span>s led to the tender </span></div>\n<div class=\"t m0 x1a h4f y1fa9 ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and subsequen<span class=\"_ _2\"></span>t exchange of CAS<span class=\"_ _2\"></span>HES, Ageas agreed <span class=\"_ _2\"></span>to pay an annual</div>\n<div class=\"t m0 x1a h4f y1faa ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">indemn<span class=\"_ _0\"></span>ity to BNP Par<span class=\"_ _2b\"></span>ibas Fortis SA/NV t<span class=\"_ _0\"></span>hat equal<span class=\"_ _0\"></span>s the gross<span class=\"_ _0\"></span>ed up</div>\n<div class=\"t m0 x1a h4f y1fab ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d on the shar<span class=\"_ _0\"></span>es that BNP P<span class=\"_ _0\"></span>aribas Fort<span class=\"_ _2b\"></span>is SA/NV holds.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 503px; height: 603px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 503px; height: 603px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag472": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Non-<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>ntrolling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">int<span class=\"_ _2b\"></span>erest</div>\n<div class=\"t m0 x7 h63 y17d6 ff34c fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">The <span class=\"ws10f\">following table pr<span class=\"_ _2\"></span>ovides </span></div>\n<div class=\"t m0 x7 h63 y17d7 ff34c fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">information about the most</div>\n<div class=\"t m0 x7 h63 y17d8 ff34c fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">significant non<span class=\"ls0 ws0\">-</span>controlli<span class=\"_ _2\"></span>ng int<span class=\"lsf6 ws110\">erests </span></div>\n<div class=\"t m0 x7 h63 y17d9 ff34c fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">(NCI) in Ageas\u2019s entities<span class=\"_ _0\"></span>.<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff34a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x144 h52 y1550 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 463px; bottom: 816px; z-index: 15;\">% of non<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x19c h52 y5f2 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 461px; bottom: 802px; z-index: 15;\">controlling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 472px; bottom: 787px; z-index: 15;\">interest<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y1550 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 513px; bottom: 816px; z-index: 15;\">Result as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 531px; bottom: 802px; z-index: 15;\">31 <span class=\"lsef ws10a\">Dec.<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x19f h52 ydd0 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 541px; bottom: 787px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12a h52 y1550 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 572px; bottom: 816px; z-index: 15;\">Equity as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 589px; bottom: 802px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x19f h52 ydd0 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 599px; bottom: 787px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x144 h52 y1550 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 639px; bottom: 816px; z-index: 15;\">% of non<span class=\"ls0 ws0\">- </span></div>\n<div class=\"t m0 x19c h52 y5f2 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 637px; bottom: 802px; z-index: 15;\">controlling<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 ydd0 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 648px; bottom: 787px; z-index: 15;\">interest<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y1550 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 689px; bottom: 816px; z-index: 15;\">Result as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 707px; bottom: 802px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x19f h52 ydd0 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 717px; bottom: 787px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x12a h52 y1550 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 749px; bottom: 816px; z-index: 15;\">Equity as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x196 h52 y5f2 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 766px; bottom: 802px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x19f h52 ydd0 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 776px; bottom: 787px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 802px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 787px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 501px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 560px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 618px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 677px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 736px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f9 ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 795px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff34a fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Group company<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 741px; z-index: 15;\">AG Insurance (Belgium)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 741px; z-index: 15;\">25.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 741px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 741px; z-index: 15;\">483<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 741px; z-index: 15;\">25.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 741px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5f9 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 741px; z-index: 15;\">1,617<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff34a fs3c fc14 sc0 lsef ws102\" style=\"left: 324px; bottom: 727px; z-index: 15;\">AG Real Es<span class=\"_ _2\"></span>tate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f7 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 618px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 736px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5f7 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 712px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">(part of AG Insurance) </span> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 618px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 736px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 697px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">mainly Interparking NCI</span> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 618px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 736px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 682px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">for 49% held</span> </div>\n<div class=\"t m0 x153 h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 682px; z-index: 15;\">25.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 682px; z-index: 15;\">75<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 604px; bottom: 682px; z-index: 15;\">417<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 682px; z-index: 15;\">25.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 682px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 682px; z-index: 15;\">352<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 667px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf4\">by <span class=\"wsf3\">m<span class=\"_ _2\"></span>inority sh<span class=\"_ _0\"></span>areholders<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 618px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 736px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y601 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 652px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">of AG Real Estate</span> </div>\n<div class=\"t m0 x1a3 h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 618px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 736px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y180c ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff34a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 637px; z-index: 15;\">Millenniumbcp Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 560px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 618px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 736px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 637px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 623px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">(part of Europe)</span> </div>\n<div class=\"t m0 x153 h52 y603 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 476px; bottom: 623px; z-index: 15;\">49.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 551px; bottom: 623px; z-index: 15;\">36<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 623px; z-index: 15;\">80<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y603 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 623px; z-index: 15;\">49.0%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 727px; bottom: 623px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y603 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 623px; z-index: 15;\">286<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 608px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 501px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 556px; bottom: 608px; z-index: 15;\">1</div>\n<div class=\"t m0 x164 h52 y608 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 608px; z-index: 15;\">70<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 677px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x9 h52 y608 ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 725px; bottom: 608px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y608 ff34a fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 608px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h54 y603 ff34d fs3c fc10 sc0 lsec ws100\" style=\"left: 324px; bottom: 593px; z-index: 15;\">Total<span class=\"_ _2\"></span> NCI<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 501px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y603 ff34d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 546px; bottom: 593px; z-index: 15;\">212<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff34d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 593px; z-index: 15;\">1,050<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y603 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 677px; bottom: 593px; z-index: 15;\"> </div>\n<div class=\"t m0 x11c h54 y603 ff34d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 593px; z-index: 15;\">171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h54 y603 ff34d fs3c fc10 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 593px; z-index: 15;\">2,258<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d6c ff34a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d6d ff34a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d6e ff34a fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">controllin<span class=\"_ _0\"></span>g interest (<span class=\"_ _2b\"></span>NCI) represent<span class=\"_ _0\"></span>s the partic<span class=\"_ _2b\"></span>ipation of a third <span class=\"lse2 ws103\">party in the shareholders\u2019 equi<span class=\"_ _2\"></span>ty </span></span></span></div>\n<div class=\"t m0 x26 h4f y1d6f ff34a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of Ageas<span class=\"ls106 ws124\">\u2019s<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">subsidia<span class=\"_ _2\"></span>ries.</span> </span></span></div>\n<div class=\"t m0 x26 h4f y1d70 ff34a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d71 ff34a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The increa<span class=\"_ _2b\"></span>se in <span class=\"lse2 wsf1\">the <span class=\"_ _2\"></span></span>line ot<span class=\"_ _0\"></span>her is linke<span class=\"_ _2b\"></span>d to<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lsfc ws115\">the</span> </span>interest in Age<span class=\"_ _0\"></span>as Fede<span class=\"_ _0\"></span>ral Life Ins<span class=\"_ _0\"></span>urance Co<span class=\"_ _0\"></span>mpany Lt<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x26 h4f y1d72 ff34a fs3a fc14 sc0 ls105 ws120\" style=\"z-index: 15;\">(AFLIC)<span class=\"_ _2\"></span><span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x26 h4f y1d73 ff34a fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1d74 ff34a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">AG Insurance gra<span class=\"_ _2\"></span>nted to Parkimo<span class=\"lse0 wsf0\">, a minority sh<span class=\"_ _0\"></span>arehold<span class=\"_ _2b\"></span>er of <span class=\"_ _2\"></span>Int<span class=\"_ _2b\"></span>erparking, an unc<span class=\"_ _2b\"></span>onditional put opt<span class=\"_ _2b\"></span>ion </span></div>\n<div class=\"t m0 x26 h4f y1d75 ff34a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">on its 10.05%<span class=\"_ _0\"></span> ownersh<span class=\"_ _2b\"></span>ip in Interparking.<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>The p<span class=\"_ _0\"></span>ut option was<span class=\"_ _0\"></span> measur<span class=\"_ _0\"></span>ed at fair valu<span class=\"_ _2b\"></span>e of <span class=\"_ _2\"></span>the ex<span class=\"_ _2b\"></span>pected</div>\n<div class=\"t m0 x26 h4f y1d76 ff34a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">settlem<span class=\"_ _2b\"></span>ent amounting to EUR<span class=\"_ _0\"></span> 114<span class=\"ls0 ws0\"> <span class=\"ls102 ws115\">million (<span class=\"_ _2\"></span><span class=\"lse2 wsf1\">2021<span class=\"wsfa\">: EUR 108</span></span></span> <span class=\"lse2 ws103\">mi<span class=\"_ _2\"></span>llion) (see note 24 Accrued in<span class=\"_ _2\"></span>terest and </span></span></div>\n<div class=\"t m0 x26 h4f y1d77 ff34a fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">other liabili<span class=\"_ _2\"></span>ties).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d78 ff34a fs3a fc10 sc0 lse0 wsef\" style=\"z-index: 15;\">Subsidi<span class=\"_ _0\"></span>aries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1d79 ff34a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The deta<span class=\"_ _2b\"></span>ils of the stat<span class=\"_ _0\"></span>ement of f<span class=\"_ _2b\"></span>inancial posi<span class=\"_ _0\"></span>tion of <span class=\"_ _0\"></span>AG<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">Insura<span class=\"_ _0\"></span>nce are incl<span class=\"_ _0\"></span>uded in not<span class=\"_ _2b\"></span>e 8 <span class=\"_ _2\"></span>Info<span class=\"_ _2b\"></span>rmation </span></div>\n<div class=\"t m0 x26 h4f y1d7a ff34a fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">on operat<span class=\"_ _2b\"></span>ing segments.<span class=\"_ _0\"></span> Details<span class=\"_ _0\"></span> of the ot<span class=\"_ _2b\"></span>her subsidiary<span class=\"_ _0\"></span> of Age<span class=\"_ _0\"></span>as in whi<span class=\"_ _0\"></span>ch non<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">controlling interests </span></span></div>\n<div class=\"t m0 x26 h4f y1d7b ff34a fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">are held ar<span class=\"_ _0\"></span><span class=\"wsef\">e:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x14d h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 264px; z-index: 15;\">Financial information<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 249px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">(100% interest)</span> </div>\n<div class=\"t m0 x391 h52 y60e ff34a fs3c fc10 sc0 lsf0 ws12b\" style=\"left: 453px; bottom: 279px; z-index: 15;\">Assets as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 470px; bottom: 264px; z-index: 15;\">31 <span class=\"lsef ws10a\">Dec.<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x152 h52 y60e ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 481px; bottom: 249px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 294px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff34a fs3c fc10 sc0 lsec ws100\" style=\"left: 541px; bottom: 279px; z-index: 15;\">as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 529px; bottom: 264px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x19f h52 y60e ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 541px; bottom: 249px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x153 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 294px; z-index: 15;\">Equity<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff34a fs3c fc10 sc0 lsec ws100\" style=\"left: 599px; bottom: 279px; z-index: 15;\">as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 587px; bottom: 264px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x152 h52 y60e ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 598px; bottom: 249px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x391 h52 y60e ff34a fs3c fc10 sc0 lsf0 ws12b\" style=\"left: 629px; bottom: 279px; z-index: 15;\">Assets as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 646px; bottom: 264px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x19f h52 y60e ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 658px; bottom: 249px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f8 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 699px; bottom: 294px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19f h52 y60e ff34a fs3c fc10 sc0 lsec ws100\" style=\"left: 716px; bottom: 279px; z-index: 15;\">as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 704px; bottom: 264px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x152 h52 y60e ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 715px; bottom: 249px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a7 h52 y60e ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 747px; bottom: 279px; z-index: 15;\">Equity as at<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x198 h52 y5f9 ff34a fs3c fc10 sc0 lse4 wsf3\" style=\"left: 763px; bottom: 264px; z-index: 15;\">31 Dec<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x152 h52 y60e ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 249px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 501px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 560px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 618px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 677px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 735px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y5fc ff34a fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 234px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff34a fs3c fc10 sc0 lse4 wsf4\" style=\"left: 324px; bottom: 219px; z-index: 15;\">Subsidiary<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5f7 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 501px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 560px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 618px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 677px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 735px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f7 ff34d fs3c fc10 sc0 ls0 ws0\" style=\"left: 794px; bottom: 219px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 204px; z-index: 15;\">Millenniumbcp Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 479px; bottom: 204px; z-index: 15;\">8,434<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 538px; bottom: 204px; z-index: 15;\">8,476<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x163 h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 204px; z-index: 15;\">(42)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 204px; z-index: 15;\">10,226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 713px; bottom: 204px; z-index: 15;\">9,846<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x11c h52 y5fc ff34a fs3c fc14 sc0 lse4 wsf4\" style=\"left: 780px; bottom: 204px; z-index: 15;\">379<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 193px; height: 768px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag474": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 lsbb wsc7\" style=\"z-index: 15;\">Deriv<span class=\"_ _2b\"></span>ativ<span class=\"_ _2b\"></span>e<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x7 h4f y1d9e ff350 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Foreign ex<span class=\"_ _2b\"></span>change contract<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1d9f ff350 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Futures a<span class=\"_ _0\"></span>re contra<span class=\"_ _2b\"></span>cts that require set<span class=\"_ _0\"></span>tlement<span class=\"_ _0\"></span> at a specifi<span class=\"_ _2b\"></span>ed price and on</div>\n<div class=\"t m0 x7 h4f y1da0 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">a specif<span class=\"_ _0\"></span>ied fut<span class=\"_ _0\"></span>ure date<span class=\"_ _0\"></span> and can <span class=\"_ _0\"></span>be trade<span class=\"_ _0\"></span>d in simi<span class=\"_ _2b\"></span>lar markets. Fo<span class=\"_ _0\"></span>rwards</div>\n<div class=\"t m0 x7 h4f y1da1 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">are cust<span class=\"_ _0\"></span>omi<span class=\"ls0 ws0\">s</span>ed cont<span class=\"_ _0\"></span>racts b<span class=\"_ _0\"></span>etwee<span class=\"_ _0\"></span>n two ent<span class=\"_ _0\"></span>ities w<span class=\"_ _0\"></span>here se<span class=\"_ _0\"></span>ttlement t<span class=\"_ _2b\"></span>akes</div>\n<div class=\"t m0 x7 h4f y1da2 ff350 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">pla<span class=\"lse0 wsf0\">ce on a specific dat<span class=\"_ _2b\"></span>e in the future at today<span class=\"_ _2b\"></span>\u2019s pre<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">agreed<span class=\"_ _2\"></span> price. <span class=\"ls105 ws120\">The </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y1da3 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">currency<span class=\"_ _0\"></span> futur<span class=\"_ _0\"></span>es and fo<span class=\"_ _0\"></span>rward c<span class=\"_ _2b\"></span>ontracts are m<span class=\"_ _0\"></span>ainly he<span class=\"_ _0\"></span>ld to he<span class=\"_ _0\"></span>dge the</div>\n<div class=\"t m0 x7 h4f y1da4 ff350 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">currency r<span class=\"_ _2\"></span>isk on foreign cu<span class=\"_ _2\"></span>rrency denominated a<span class=\"_ _2\"></span>ssets<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x1a h4f y1da5 ff350 fs3a fc10 sc0 lse0 wsf0\" style=\"z-index: 15;\">Interest<span class=\"_ _0\"></span> rate swa<span class=\"_ _0\"></span>ps and cross<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">currency swa<span class=\"_ _2\"></span>ps</span> </span></div>\n<div class=\"t m0 x1a h4f y1da6 ff350 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Swap contract<span class=\"_ _2\"></span>s are agreements<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">between two p<span class=\"_ _2b\"></span>arties to exchang<span class=\"_ _2b\"></span>e one </span></span></div>\n<div class=\"t m0 x1a h4f y1da7 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">set of c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s for an<span class=\"_ _0\"></span>other s<span class=\"_ _0\"></span>et of ca<span class=\"_ _0\"></span>sh flows.<span class=\"_ _0\"></span> Payme<span class=\"_ _0\"></span>nts are m<span class=\"_ _2b\"></span>ade on</div>\n<div class=\"t m0 x1a h4f y1da8 ff350 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the bas<span class=\"_ _0\"></span>is of the <span class=\"_ _0\"></span>swap\u2019s n<span class=\"_ _2b\"></span>otional value<span class=\"_ _0\"></span>. Ageas <span class=\"wsef\">us<span class=\"_ _2b\"></span>es<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">interest rate sw<span class=\"_ _0\"></span>ap </span></span></div>\n<div class=\"t m0 x1a h4f y1da9 ff350 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">contracts <span class=\"_ _2\"></span>primarily <span class=\"lse0 wsfa\">to manage c<span class=\"_ _2b\"></span>ash flows arisi<span class=\"_ _2b\"></span>ng from interes<span class=\"_ _0\"></span>t recei<span class=\"_ _0\"></span>ved </span></div>\n<div class=\"t m0 x1a h4f y1daa ff350 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">or paid and cr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">currency swap con<span class=\"_ _2\"></span>tracts to manage foreign currenc<span class=\"_ _2\"></span>y </span></span></div>\n<div class=\"t m0 x1a h4f y1dab ff350 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">denomi<span class=\"_ _0\"></span>nated cas<span class=\"_ _0\"></span>h flows<span class=\"ls0 ws0\">.</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 695px; height: 266px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 695px; height: 266px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n<div class=\"t m0 x7 h6a y79c ff357 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Trading derivatives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x5e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 379px; bottom: 1065px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 634px; bottom: 1065px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y647 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1049px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y647 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 340px; bottom: 1049px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y647 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 464px; bottom: 1049px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y647 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 595px; bottom: 1049px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y647 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 1049px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 309px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 383px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 438px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 508px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 511px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 564px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 636px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 639px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y63a ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 692px; bottom: 1019px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y5ff ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 765px; bottom: 1034px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y63a ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 768px; bottom: 1019px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y63a ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1019px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 1003px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 988px; z-index: 15;\">Foreign exchange contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 988px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 974px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 974px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 974px; z-index: 15;\">512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 974px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 974px; z-index: 15;\">102<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 974px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 974px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 974px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 974px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff355 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 959px; z-index: 15;\">Swaps<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 345px; bottom: 959px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y605 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 959px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 664px; bottom: 959px; z-index: 15;\">8</div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 959px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y60e ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 944px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 944px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 944px; z-index: 15;\">512<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y60e ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 944px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 944px; z-index: 15;\">165<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y60e ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 944px; z-index: 15;\">2</div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 944px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 944px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y60e ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 944px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y638 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 929px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y632 ff355 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 914px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st rate co<span class=\"_ _0\"></span>ntrac<span class=\"_ _2b\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y632 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y632 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y632 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 914px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 899px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f9 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 899px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f9 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 899px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 ydd0 ff355 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 885px; z-index: 15;\">Swaps<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 ydd0 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 885px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 ydd0 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 885px; z-index: 15;\">498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 885px; z-index: 15;\">4</div>\n<div class=\"t m0 x164 h52 ydd0 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 885px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 885px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 870px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 870px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 870px; z-index: 15;\">498<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 530px; bottom: 870px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 870px; z-index: 15;\">4</div>\n<div class=\"t m0 x164 h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 870px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 870px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 ydd0 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 ydd0 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 855px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 840px; z-index: 15;\">Equity/Index contracts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 350px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 479px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 603px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 840px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 825px; z-index: 15;\">Options and warrants<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 825px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y647 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 825px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 810px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5ff ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 810px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5ff ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 787px; bottom: 810px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y608 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y608 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 795px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5ff ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 781px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 781px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 781px; z-index: 15;\">1,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 781px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 781px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y5ff ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 598px; bottom: 781px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 781px; z-index: 15;\">528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 781px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5ff ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 781px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y605 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 766px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 751px; z-index: 15;\">Fair values supported by observable market data<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 751px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 751px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 751px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 736px; z-index: 15;\">Fair values obtained using a valuation model<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 339px; bottom: 736px; z-index: 15;\">37<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 736px; z-index: 15;\">2</div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 598px; bottom: 736px; z-index: 15;\">6</div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 736px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 736px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 721px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f4 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 721px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 721px; z-index: 15;\">3</div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 541px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a3 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 598px; bottom: 721px; z-index: 15;\">6</div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 669px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y5f4 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 721px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5f4 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 798px; bottom: 721px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 350px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 706px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 691px; z-index: 15;\">Over the counter (OTC)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y60e ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 691px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 479px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 541px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1a6 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 603px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 669px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 798px; bottom: 691px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 677px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 334px; bottom: 677px; z-index: 15;\">125<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x31c h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 389px; bottom: 677px; z-index: 15;\">1,010<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 677px; z-index: 15;\">3</div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 525px; bottom: 677px; z-index: 15;\">182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a3 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 598px; bottom: 677px; z-index: 15;\">6</div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 653px; bottom: 677px; z-index: 15;\">528<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 677px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 782px; bottom: 677px; z-index: 15;\">510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 666px; height: 440px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h9b y1dc6 ff355 fs64 fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h6a y1dc7 ff357 fs46 fcf sc0 ls126 ws14b\" style=\"z-index: 15;\">Hedging derivatives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 ydd0 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 596px; z-index: 15;\"> </div>\n<div class=\"t m0 x66 h52 ydd0 ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 379px; bottom: 596px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 ydd0 ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 635px; bottom: 596px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 581px; z-index: 15;\"> </div>\n<div class=\"t m0 x162 h52 y5f9 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 338px; bottom: 581px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 462px; bottom: 581px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x162 h52 y5f9 ff355 fs3c fc10 sc0 lse5 wsf5\" style=\"left: 594px; bottom: 581px; z-index: 15;\">Assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 718px; bottom: 581px; z-index: 15;\">Liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 307px; bottom: 550px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 380px; bottom: 565px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 383px; bottom: 550px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 436px; bottom: 550px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 507px; bottom: 565px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 510px; bottom: 550px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 563px; bottom: 550px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 635px; bottom: 565px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 550px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x151 h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf6\" style=\"left: 692px; bottom: 550px; z-index: 15;\">Fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19e h52 y60e ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 764px; bottom: 565px; z-index: 15;\">Notional<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19a h52 y5f9 ff355 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 767px; bottom: 550px; z-index: 15;\">amount<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 69px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 348px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y60e ff358 fs3c fc10 sc0 ls0 ws0\" style=\"left: 540px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 604px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 668px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 535px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff355 fs3c fc10 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 520px; z-index: 15;\">Foreign exchange <span class=\"wsf4\">contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 348px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 540px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 604px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 668px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5fc ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 520px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 505px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 505px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 402px; bottom: 505px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y63a ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 505px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y63a ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 505px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y63a ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 505px; z-index: 15;\">5</div>\n<div class=\"t m0 x19b h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 505px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 505px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y63a ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 505px; z-index: 15;\">115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 490px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 490px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 402px; bottom: 490px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 490px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 490px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y5fc ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 599px; bottom: 490px; z-index: 15;\">5</div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 657px; bottom: 490px; z-index: 15;\">68<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 490px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5fc ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 490px; z-index: 15;\">115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y63a ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 475px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff355 fs3c fc10 sc0 lse7 wsf8\" style=\"left: 69px; bottom: 460px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st rate co<span class=\"_ _0\"></span>ntrac<span class=\"_ _2b\"></span>ts<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 348px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 477px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 540px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 604px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 668px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 733px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5ff ff355 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 460px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y647 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 445px; z-index: 15;\">Forwards and futures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x164 h52 y647 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 445px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y647 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 445px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff355 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 431px; z-index: 15;\">Swaps<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 431px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 431px; z-index: 15;\">758<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 431px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 431px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 431px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 431px; z-index: 15;\">544<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 431px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y603 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 431px; z-index: 15;\">689<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff359 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 416px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 416px; z-index: 15;\">858<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y608 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 416px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 416px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 416px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 416px; z-index: 15;\">544<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 416px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 416px; z-index: 15;\">689<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h54 y603 ff359 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y603 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 401px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 386px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 386px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 386px; z-index: 15;\">914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y608 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 386px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 386px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 386px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 386px; z-index: 15;\">612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 386px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y608 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 386px; z-index: 15;\">804<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 371px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 356px; z-index: 15;\">Fair values supported by observable market data<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 356px; z-index: 15;\">71<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y638 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 356px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y638 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 356px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 341px; z-index: 15;\">Fair values obtained using a valuation model<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 337px; bottom: 341px; z-index: 15;\">39<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 341px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 341px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h52 y5f4 ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 341px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y5f4 ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 341px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y70b ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 327px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 327px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 413px; bottom: 327px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 327px; z-index: 15;\">1</div>\n<div class=\"t m0 x1f0 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 540px; bottom: 327px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 327px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 668px; bottom: 327px; z-index: 15;\"> </div>\n<div class=\"t m0 x19b h54 y70b ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 327px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h54 y70b ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 797px; bottom: 327px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 348px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 477px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 540px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 604px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 668px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 733px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x1f0 h52 y60e ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 797px; bottom: 312px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff355 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 297px; z-index: 15;\">Over the counter (OTC)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 297px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f0 h52 y70b ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 413px; bottom: 297px; z-index: 15;\"> </div>\n<div class=\"t m0 x160 h52 y70b ff355 fs3c fc14 sc0 ls0 ws0\" style=\"left: 472px; bottom: 297px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 297px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 297px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 297px; z-index: 15;\">612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 297px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h52 y70b ff355 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 297px; z-index: 15;\">804<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff359 fs3c fc10 sc0 lsec wsfe\" style=\"left: 69px; bottom: 282px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 332px; bottom: 282px; z-index: 15;\">110<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 397px; bottom: 282px; z-index: 15;\">914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h54 y5f7 ff359 fs3c fc10 sc0 ls0 ws0\" style=\"left: 472px; bottom: 282px; z-index: 15;\">1</div>\n<div class=\"t m0 x19b h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 529px; bottom: 282px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 593px; bottom: 282px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 652px; bottom: 282px; z-index: 15;\">612<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19b h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 722px; bottom: 282px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x164 h54 y5f7 ff359 fs3c fc10 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 282px; z-index: 15;\">804<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 271px; height: 835px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 271px; height: 835px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag473": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Commitments</div>\n<div class=\"t m0 x7 h63 y17d6 ff35d fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Commitments receiv<span class=\"lsf8 ws16a\">ed and given</span><span class=\"ls0\"> </span></div>\n<div class=\"t m0 x7 h63 y17d7 ff35d fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">are detailed <span class=\"ws113\">as follows.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y724 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff35b fs3c fc10 sc0 lsef ws10a\" style=\"left: 324px; bottom: 816px; z-index: 15;\">Commit<span class=\"_ _2\"></span>ments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y1550 ff35b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 607px; bottom: 816px; z-index: 15;\">31 December 2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x21f h52 y1550 ff35b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 718px; bottom: 816px; z-index: 15;\">31 December 2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff35e fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y608 ff35e fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y608 ff35e fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff35b fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Commitment Received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h52 y5f4 ff35b fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h52 y5f4 ff35b fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Credit lines<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 771px; z-index: 15;\">1,527<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 771px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">Collateral and guarantees re<span class=\"_ _0\"></span>ceived<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 756px; z-index: 15;\">4,574<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 756px; z-index: 15;\">4,182<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff35b fs3c fc14 sc0 lse8 wsf9\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Other off<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">balance sheet rights</span> </span></div>\n<div class=\"t m0 x1d h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 673px; bottom: 741px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5f9 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 741px; z-index: 15;\">207<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f7 ff35f fs3c fc10 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 727px; z-index: 15;\">Total received<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 727px; z-index: 15;\">6,122<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f7 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 727px; z-index: 15;\">5,460<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 324px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y5fc ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y5fc ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff35b fs3c fc10 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 697px; z-index: 15;\">Commitment Given<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x8b h54 y601 ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 682px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x8b h54 y601 ff35f fs3c fc10 sc0 ls0 ws0\" style=\"left: 793px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff35b fs3c fc14 sc0 lse4 wsf6\" style=\"left: 324px; bottom: 682px; z-index: 15;\">Guarantees, Financial and Performance Letters of Credit<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5fc ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 682px; z-index: 15;\">170<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y5fc ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 682px; z-index: 15;\">199<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 667px; z-index: 15;\">Available credit lines<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y601 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 667px; z-index: 15;\">523<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 667px; z-index: 15;\">1,024<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 652px; z-index: 15;\">Collateral and guarantees given<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y180c ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 652px; z-index: 15;\">2,287<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y180c ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 652px; z-index: 15;\">2,184<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff35b fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 637px; z-index: 15;\">Entrusted assets and r<span class=\"_ _0\"></span>eceivables<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 637px; z-index: 15;\">691<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 637px; z-index: 15;\">738<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff35b fs3c fc14 sc0 lsec wsf3\" style=\"left: 324px; bottom: 623px; z-index: 15;\">Capi<span class=\"_ _2\"></span>tal right<span class=\"_ _2\"></span>s &amp; comm<span class=\"_ _2\"></span>itments<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 623px; z-index: 15;\">399<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 623px; z-index: 15;\">292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff35b fs3c fc14 sc0 lse7 wsf8\" style=\"left: 324px; bottom: 608px; z-index: 15;\">Real Es<span class=\"_ _0\"></span>tate com<span class=\"_ _2b\"></span>mitments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 608px; z-index: 15;\">345<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x45 h52 y608 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 608px; z-index: 15;\">531<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff35b fs3c fc14 sc0 lse8 wsf9\" style=\"left: 324px; bottom: 593px; z-index: 15;\">Other off<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">balance sheet commitments</span> </span></div>\n<div class=\"t m0 x45 h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 668px; bottom: 593px; z-index: 15;\">776<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y603 ff35b fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 593px; z-index: 15;\">1,297<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff35f fs3c fc10 sc0 lse8 ws0\" style=\"left: 324px; bottom: 578px; z-index: 15;\">Total given<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f2 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 660px; bottom: 578px; z-index: 15;\">5,191<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h54 y5f2 ff35f fs3c fc10 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 578px; z-index: 15;\">6,265<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1ddd ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1dde ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1ddf ff35b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The collat<span class=\"_ _0\"></span>eral and<span class=\"_ _0\"></span> guarant<span class=\"_ _0\"></span>ees receiv<span class=\"_ _2b\"></span>ed relate mainly<span class=\"_ _0\"></span> to resident<span class=\"_ _0\"></span>ial mortg<span class=\"_ _2b\"></span>ages and to a lesser ext<span class=\"_ _2b\"></span>ent</div>\n<div class=\"t m0 x26 h4f y1de0 ff35b fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">on policyholder<span class=\"_ _2\"></span> loans and commercial loans. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1de1 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1de2 ff35b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Other off<span class=\"_ _0\"></span><span class=\"ls0 ws0\">-<span class=\"lse2 ws103\">balance<span class=\"_ _2\"></span> sheet commitments as at 31</span> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">December</span> <span class=\"lse2 wsf1\">2022</span> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">inc<span class=\"_ _0\"></span>lude EUR<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">250</span> <span class=\"ls102 ws11d\">m<span class=\"_ _2\"></span>illion</span> <span class=\"ls102 ws11d\">in </span></span></span></span></div>\n<div class=\"t m0 x26 h4f y1de3 ff35b fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">outstan<span class=\"_ _0\"></span>ding cred<span class=\"_ _0\"></span>it bids<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">(31</span> </span><span class=\"wsef\">Decemb<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">2021<span class=\"lsfa ws136\">: EUR<span class=\"_ _2\"></span></span></span> <span class=\"lse2 wsf1\">521</span> <span class=\"ls102 ws11d\">millio<span class=\"_ _2\"></span>n</span></span>).<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x26 h4f y1de4 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1de5 ff35b fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">In December<span class=\"_ _2\"></span> 2021, Ageas SA/NV<span class=\"_ _2\"></span> put two<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">Revolving C<span class=\"_ _0\"></span>redit Fac<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> in place, EU<span class=\"_ _0\"></span>R 250 millio<span class=\"_ _0\"></span>n with a </span></span></div>\n<div class=\"t m0 x26 h4f y1de6 ff35b fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">3-<span class=\"lse0 wsf0\">year tenor, and EU<span class=\"_ _0\"></span>R 250 milli<span class=\"_ _2b\"></span>on with a 5<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span></span><span class=\"wsfa\">ye<span class=\"_ _2b\"></span>ar tenor,<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">each with the opt<span class=\"_ _2\"></span>ion to request two one</span>-</span><span class=\"wsef\">year </span></span></span></div>\n<div class=\"t m0 x26 h4f y1de7 ff35b fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">extensi<span class=\"_ _0\"></span>ons of th<span class=\"_ _2b\"></span>e expiration <span class=\"_ _0\"></span>date. Th<span class=\"_ _0\"></span>is is inc<span class=\"_ _0\"></span>luded in t<span class=\"_ _2b\"></span>he line \u2018cred<span class=\"_ _0\"></span>it lines<span class=\"_ _0\"></span> receive<span class=\"_ _2b\"></span>d\u2019. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 394px; height: 567px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 394px; height: 567px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag484": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">premiums</div>\n<div class=\"t m0 x7 h63 y17d6 ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Gross inflow Life consists of</div>\n<div class=\"t m0 x7 h63 y17d7 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">premiums received by insu<span class=\"_ _0\"></span>rance</div>\n<div class=\"t m0 x7 h63 y17d8 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">companies for issued insu<span class=\"_ _0\"></span>rance</div>\n<div class=\"t m0 x7 h63 y17d9 ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and investment contracts. Premium</div>\n<div class=\"t m0 x7 h63 y17da ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">inflow of insurance contracts and</div>\n<div class=\"t m0 x7 h63 y1994 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">investment contracts with D<span class=\"_ _2b\"></span>P<span class=\"_ _2\"></span>F is</div>\n<div class=\"t m0 x7 h63 y1995 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">recognised in the incom<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h63 y1996 ff36e fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span><span class=\"ws10f\">Premium inflow of </span></div>\n<div class=\"t m0 x7 h63 y1e3b ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">investment contracts without DPF,</div>\n<div class=\"t m0 x7 h63 y1e3c ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">mainly unit<span class=\"ls0\">-</span>linked contracts, is</div>\n<div class=\"t m0 x7 h63 y1e3d ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(after deduction of fees) directly</div>\n<div class=\"t m0 x7 h63 y1e3e ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">recognised as liabiliti<span class=\"_ _0\"></span>es (deposit</div>\n<div class=\"t m0 x7 h63 y1e3f ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">accounting). Fees are recognised</div>\n<div class=\"t m0 x7 h63 y1e40 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">as fee income in the inco<span class=\"_ _0\"></span>me</div>\n<div class=\"t m0 x7 h63 y1e41 ff36e fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff36c fs3c fcb sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x217 h52 y1550 ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 641px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y1550 ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff36c fs3c fc14 sc0 lsef ws10a\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s <span class=\"ls109 ws15f\">inflow Life<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x236 h52 y5f4 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 786px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f4 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 786px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff36c fs3c fc14 sc0 ls109 ws125\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Gross inflow Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x236 h52 y5f9 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 771px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f9 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 771px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">General account and e<span class=\"_ _0\"></span>liminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y60e ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 756px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y60e ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 756px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff36f fs3c fcb sc0 lse7 wsf8\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f9 ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 635px; bottom: 741px; z-index: 15;\">10,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f9 ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 768px; bottom: 741px; z-index: 15;\">10,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y17e1 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1e42 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff36c fs3c fcb sc0 ls0 ws0\" style=\"left: 324px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x217 h52 y60e ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 641px; bottom: 694px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y60e ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 694px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 664px; z-index: 15;\">Net earned premiums Life<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 664px; z-index: 15;\">4,276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 664px; z-index: 15;\">4,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 649px; z-index: 15;\">Net earned premiums Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x236 h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 649px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 649px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 634px; z-index: 15;\">General account and <span class=\"wsf4\">e<span class=\"_ _0\"></span>liminations<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd9 h52 y601 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 634px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y601 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 634px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff36f fs3c fcb sc0 lse7 wsf8\" style=\"left: 324px; bottom: 619px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t earne<span class=\"_ _2b\"></span>d premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h54 y5ff ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 638px; bottom: 619px; z-index: 15;\">8,507<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h54 y5ff ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 771px; bottom: 619px; z-index: 15;\">8,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 517px; height: 444px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 517px; height: 444px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 517px; height: 444px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 517px; height: 444px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h50 y79c ff374 fs3b fcb sc0 ls149 ws173\" style=\"z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8da ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y601 ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y601 ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1050px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff376 fs3c fcb sc0 lsee ws166\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Unit<span class=\"ls0 ws0\">-<span class=\"lse7 wsf8\">linked ins<span class=\"_ _2b\"></span>urance contra<span class=\"_ _2b\"></span>cts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1020px; z-index: 15;\">198<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1020px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1005px; z-index: 15;\">358<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1005px; z-index: 15;\">250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff376 fs3c fcb sc0 lsec wsfe\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse8 ws10b\">unit<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">linked insurance contracts</span> </span></span></div>\n<div class=\"t m0 x107 h54 y608 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 990px; z-index: 15;\">556<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 990px; z-index: 15;\">486<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff377 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Non unit<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked insurance contracts</span> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y60e ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 945px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 945px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 931px; z-index: 15;\">902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 931px; z-index: 15;\">872<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff377 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Group business total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 916px; z-index: 15;\">1,273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 916px; z-index: 15;\">1,226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 901px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y656 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 901px; z-index: 15;\">327<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y656 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 886px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 886px; z-index: 15;\">426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 886px; z-index: 15;\">431<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y656 ff377 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Individual business total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y656 ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 871px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y656 ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 871px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Total non unit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse4 wsf6\">linked insura<span class=\"_ _0\"></span>nce contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 856px; z-index: 15;\">2,026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 856px; z-index: 15;\">1,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff377 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff376 fs3c fcb sc0 lsf0 wsff\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Investmen<span class=\"_ _2\"></span>t contracts w<span class=\"_ _2\"></span>ith DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y647 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y647 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 812px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x17 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 812px; z-index: 15;\">1,252<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 812px; z-index: 15;\">1,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 797px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 797px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 797px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Total investment contract<span class=\"_ _2\"></span>s with DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 782px; z-index: 15;\">1,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 782px; z-index: 15;\">1,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff376 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Gross pr<span class=\"_ _0\"></span>emium<span class=\"_ _2b\"></span> income Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 752px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 752px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 738px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x17 h52 y5f2 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 738px; z-index: 15;\">1,288<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 738px; z-index: 15;\">1,752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 723px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 xd2 h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 723px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 723px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff376 fs3c fcb sc0 lsee ws15e\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Premium inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 708px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 708px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 69px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 624px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 796px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff376 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 678px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 678px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e4e ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e4f ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 631px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y63a ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 631px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 631px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 601px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s premiums L<span class=\"_ _2\"></span>ife<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 601px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 601px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 586px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 586px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 586px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 571px; z-index: 15;\">Net earned premiums Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 571px; z-index: 15;\">4,276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 571px; z-index: 15;\">4,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e54 ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h50 y1e55 ff374 fs3b fcb sc0 lse3 ws174\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"ls149 ws173\">life</span> </span></div>\n<div class=\"t m0 x7 h4f y1e56 ff374 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y &amp; Cas<span class=\"_ _0\"></span>ualty inc<span class=\"_ _0\"></span>ludes p<span class=\"_ _0\"></span>remiu<span class=\"_ _0\"></span>ms receiv<span class=\"_ _2b\"></span>ed for motor, f<span class=\"_ _0\"></span>ire and ot<span class=\"_ _2b\"></span>her damage to <span class=\"_ _0\"></span>propert<span class=\"_ _0\"></span>y<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y1e57 ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 462px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff374 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 477px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 462px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff374 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 477px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 462px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5ff ff374 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 462px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 431px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s <span class=\"lse4 wsf6\">written premiums<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 431px; z-index: 15;\">1,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 431px; z-index: 15;\">3,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 431px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 416px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 416px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 416px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Gross earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 401px; z-index: 15;\">1,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 401px; z-index: 15;\">3,557<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 401px; z-index: 15;\">4,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 387px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 387px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 387px; z-index: 15;\">(400)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 387px; z-index: 15;\">(458)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Reinsurers' share of unearned<span class=\"_ _0\"></span> premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 372px; z-index: 15;\">2</div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 372px; z-index: 15;\">6</div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 372px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 357px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 357px; z-index: 15;\">3,163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 357px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cbc ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbd ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 310px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 295px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff374 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 310px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 295px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff374 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 310px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 295px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y70b ff374 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 295px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff374 fs3c fc14 sc0 lsed wsf7\" style=\"left: 69px; bottom: 265px; z-index: 15;\">Gross writ<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>en pre<span class=\"_ _2b\"></span>miums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 265px; z-index: 15;\">1,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 265px; z-index: 15;\">3,496<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 265px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 250px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y5f7 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 250px; z-index: 15;\"> </div>\n<div class=\"t m0 x39a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 250px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 250px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 235px; z-index: 15;\">Gross earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 235px; z-index: 15;\">1,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 235px; z-index: 15;\">3,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 235px; z-index: 15;\">4,603<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 220px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 220px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 220px; z-index: 15;\">(383)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 220px; z-index: 15;\">(433)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 205px; z-index: 15;\">Reinsurers' share of unearned<span class=\"_ _0\"></span> premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5ff ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 205px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 205px; z-index: 15;\">3</div>\n<div class=\"t m0 xd6 h52 y5ff ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 205px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 190px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 190px; z-index: 15;\">1,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 190px; z-index: 15;\">3,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 190px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 179px; height: 927px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 179px; height: 927px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 179px; height: 927px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 179px; height: 927px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff379 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Below is a bre<span class=\"_ _2b\"></span>akdown of the Non<span class=\"ls0 ws0\">-</span>life net<span class=\"_ _0\"></span> earned pre<span class=\"_ _2b\"></span>miums by insuranc<span class=\"_ _2b\"></span>e operating segm<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff379 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 1065px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 1050px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff379 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 1065px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 1050px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y601 ff379 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 1050px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 1020px; z-index: 15;\">536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 1020px; z-index: 15;\">998<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1020px; z-index: 15;\">1,534<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 1005px; z-index: 15;\">274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 1005px; z-index: 15;\">961<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1005px; z-index: 15;\">1,235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 990px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 990px; z-index: 15;\">1,210<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 990px; z-index: 15;\">1,471<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Elimination<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y5f4 ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 975px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 975px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 960px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 960px; z-index: 15;\">3,163<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 960px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 898px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 ydd0 ff379 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 913px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 898px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 ydd0 ff379 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 913px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 898px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f2 ff379 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 898px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 ydd0 ff379 fs3c fcb sc0 ls0 ws0\" style=\"left: 795px; bottom: 913px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 868px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 868px; z-index: 15;\">548<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 868px; z-index: 15;\">953<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 868px; z-index: 15;\">1,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 853px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 853px; z-index: 15;\">251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 853px; z-index: 15;\">988<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 853px; z-index: 15;\">1,239<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 838px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 838px; z-index: 15;\">242<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 838px; z-index: 15;\">1,193<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 838px; z-index: 15;\">1,435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 823px; z-index: 15;\">Elimination<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 823px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 823px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff37b fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 808px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 808px; z-index: 15;\">1,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 808px; z-index: 15;\">3,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 808px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 797px; height: 309px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 797px; height: 309px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 797px; height: 309px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 797px; height: 309px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsurancePremiumRevenueExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag480": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">premiums</div>\n<div class=\"t m0 x7 h63 y17d6 ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Gross inflow Life consists of</div>\n<div class=\"t m0 x7 h63 y17d7 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">premiums received by insu<span class=\"_ _0\"></span>rance</div>\n<div class=\"t m0 x7 h63 y17d8 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">companies for issued insu<span class=\"_ _0\"></span>rance</div>\n<div class=\"t m0 x7 h63 y17d9 ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and investment contracts. Premium</div>\n<div class=\"t m0 x7 h63 y17da ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">inflow of insurance contracts and</div>\n<div class=\"t m0 x7 h63 y1994 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">investment contracts with D<span class=\"_ _2b\"></span>P<span class=\"_ _2\"></span>F is</div>\n<div class=\"t m0 x7 h63 y1995 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">recognised in the incom<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h63 y1996 ff36e fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span><span class=\"ws10f\">Premium inflow of </span></div>\n<div class=\"t m0 x7 h63 y1e3b ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">investment contracts without DPF,</div>\n<div class=\"t m0 x7 h63 y1e3c ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">mainly unit<span class=\"ls0\">-</span>linked contracts, is</div>\n<div class=\"t m0 x7 h63 y1e3d ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(after deduction of fees) directly</div>\n<div class=\"t m0 x7 h63 y1e3e ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">recognised as liabiliti<span class=\"_ _0\"></span>es (deposit</div>\n<div class=\"t m0 x7 h63 y1e3f ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">accounting). Fees are recognised</div>\n<div class=\"t m0 x7 h63 y1e40 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">as fee income in the inco<span class=\"_ _0\"></span>me</div>\n<div class=\"t m0 x7 h63 y1e41 ff36e fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff36c fs3c fcb sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x217 h52 y1550 ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 641px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y1550 ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff36c fs3c fc14 sc0 lsef ws10a\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s <span class=\"ls109 ws15f\">inflow Life<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x236 h52 y5f4 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 786px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f4 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 786px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff36c fs3c fc14 sc0 ls109 ws125\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Gross inflow Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x236 h52 y5f9 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 771px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f9 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 771px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">General account and e<span class=\"_ _0\"></span>liminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y60e ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 756px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y60e ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 756px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff36f fs3c fcb sc0 lse7 wsf8\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f9 ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 635px; bottom: 741px; z-index: 15;\">10,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f9 ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 768px; bottom: 741px; z-index: 15;\">10,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y17e1 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1e42 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff36c fs3c fcb sc0 ls0 ws0\" style=\"left: 324px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x217 h52 y60e ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 641px; bottom: 694px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y60e ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 694px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 664px; z-index: 15;\">Net earned premiums Life<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 664px; z-index: 15;\">4,276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 664px; z-index: 15;\">4,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 649px; z-index: 15;\">Net earned premiums Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x236 h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 649px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 649px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 634px; z-index: 15;\">General account and <span class=\"wsf4\">e<span class=\"_ _0\"></span>liminations<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd9 h52 y601 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 634px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y601 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 634px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff36f fs3c fcb sc0 lse7 wsf8\" style=\"left: 324px; bottom: 619px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t earne<span class=\"_ _2b\"></span>d premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h54 y5ff ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 638px; bottom: 619px; z-index: 15;\">8,507<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h54 y5ff ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 771px; bottom: 619px; z-index: 15;\">8,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 517px; height: 444px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 517px; height: 444px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 517px; height: 444px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h50 y79c ff374 fs3b fcb sc0 ls149 ws173\" style=\"z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8da ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y601 ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y601 ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1050px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff376 fs3c fcb sc0 lsee ws166\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Unit<span class=\"ls0 ws0\">-<span class=\"lse7 wsf8\">linked ins<span class=\"_ _2b\"></span>urance contra<span class=\"_ _2b\"></span>cts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1020px; z-index: 15;\">198<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1020px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1005px; z-index: 15;\">358<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1005px; z-index: 15;\">250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff376 fs3c fcb sc0 lsec wsfe\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse8 ws10b\">unit<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">linked insurance contracts</span> </span></span></div>\n<div class=\"t m0 x107 h54 y608 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 990px; z-index: 15;\">556<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 990px; z-index: 15;\">486<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff377 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Non unit<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked insurance contracts</span> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y60e ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 945px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 945px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 931px; z-index: 15;\">902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 931px; z-index: 15;\">872<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff377 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Group business total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 916px; z-index: 15;\">1,273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 916px; z-index: 15;\">1,226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 901px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y656 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 901px; z-index: 15;\">327<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y656 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 886px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 886px; z-index: 15;\">426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 886px; z-index: 15;\">431<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y656 ff377 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Individual business total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y656 ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 871px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y656 ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 871px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Total non unit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse4 wsf6\">linked insura<span class=\"_ _0\"></span>nce contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 856px; z-index: 15;\">2,026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 856px; z-index: 15;\">1,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff377 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff376 fs3c fcb sc0 lsf0 wsff\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Investmen<span class=\"_ _2\"></span>t contracts w<span class=\"_ _2\"></span>ith DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y647 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y647 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 812px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x17 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 812px; z-index: 15;\">1,252<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 812px; z-index: 15;\">1,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 797px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 797px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 797px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Total investment contract<span class=\"_ _2\"></span>s with DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 782px; z-index: 15;\">1,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 782px; z-index: 15;\">1,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff376 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Gross pr<span class=\"_ _0\"></span>emium<span class=\"_ _2b\"></span> income Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 752px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 752px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 738px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x17 h52 y5f2 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 738px; z-index: 15;\">1,288<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 738px; z-index: 15;\">1,752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 723px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 xd2 h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 723px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 723px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff376 fs3c fcb sc0 lsee ws15e\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Premium inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 708px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 708px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 69px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 624px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 796px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff376 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 678px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 678px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e4e ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e4f ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 631px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y63a ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 631px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 631px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 601px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s premiums L<span class=\"_ _2\"></span>ife<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 601px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 601px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 586px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 586px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 586px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 571px; z-index: 15;\">Net earned premiums Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 571px; z-index: 15;\">4,276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 571px; z-index: 15;\">4,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e54 ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h50 y1e55 ff374 fs3b fcb sc0 lse3 ws174\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"ls149 ws173\">life</span> </span></div>\n<div class=\"t m0 x7 h4f y1e56 ff374 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y &amp; Cas<span class=\"_ _0\"></span>ualty inc<span class=\"_ _0\"></span>ludes p<span class=\"_ _0\"></span>remiu<span class=\"_ _0\"></span>ms receiv<span class=\"_ _2b\"></span>ed for motor, f<span class=\"_ _0\"></span>ire and ot<span class=\"_ _2b\"></span>her damage to <span class=\"_ _0\"></span>propert<span class=\"_ _0\"></span>y<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y1e57 ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 462px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff374 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 477px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 462px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff374 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 477px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 462px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5ff ff374 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 462px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 431px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s <span class=\"lse4 wsf6\">written premiums<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 431px; z-index: 15;\">1,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 431px; z-index: 15;\">3,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 431px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 416px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 416px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 416px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Gross earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 401px; z-index: 15;\">1,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 401px; z-index: 15;\">3,557<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 401px; z-index: 15;\">4,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 387px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 387px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 387px; z-index: 15;\">(400)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 387px; z-index: 15;\">(458)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Reinsurers' share of unearned<span class=\"_ _0\"></span> premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 372px; z-index: 15;\">2</div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 372px; z-index: 15;\">6</div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 372px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 357px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 357px; z-index: 15;\">3,163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 357px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cbc ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbd ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 310px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 295px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff374 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 310px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 295px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff374 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 310px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 295px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y70b ff374 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 295px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff374 fs3c fc14 sc0 lsed wsf7\" style=\"left: 69px; bottom: 265px; z-index: 15;\">Gross writ<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>en pre<span class=\"_ _2b\"></span>miums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 265px; z-index: 15;\">1,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 265px; z-index: 15;\">3,496<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 265px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 250px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y5f7 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 250px; z-index: 15;\"> </div>\n<div class=\"t m0 x39a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 250px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 250px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 235px; z-index: 15;\">Gross earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 235px; z-index: 15;\">1,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 235px; z-index: 15;\">3,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 235px; z-index: 15;\">4,603<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 220px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 220px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 220px; z-index: 15;\">(383)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 220px; z-index: 15;\">(433)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 205px; z-index: 15;\">Reinsurers' share of unearned<span class=\"_ _0\"></span> premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5ff ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 205px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 205px; z-index: 15;\">3</div>\n<div class=\"t m0 xd6 h52 y5ff ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 205px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 190px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 190px; z-index: 15;\">1,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 190px; z-index: 15;\">3,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 190px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 179px; height: 927px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 179px; height: 927px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 179px; height: 927px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff379 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Below is a bre<span class=\"_ _2b\"></span>akdown of the Non<span class=\"ls0 ws0\">-</span>life net<span class=\"_ _0\"></span> earned pre<span class=\"_ _2b\"></span>miums by insuranc<span class=\"_ _2b\"></span>e operating segm<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff379 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 1065px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 1050px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff379 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 1065px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 1050px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y601 ff379 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 1050px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 1020px; z-index: 15;\">536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 1020px; z-index: 15;\">998<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1020px; z-index: 15;\">1,534<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 1005px; z-index: 15;\">274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 1005px; z-index: 15;\">961<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1005px; z-index: 15;\">1,235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 990px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 990px; z-index: 15;\">1,210<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 990px; z-index: 15;\">1,471<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Elimination<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y5f4 ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 975px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 975px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 960px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 960px; z-index: 15;\">3,163<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 960px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 898px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 ydd0 ff379 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 913px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 898px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 ydd0 ff379 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 913px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 898px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f2 ff379 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 898px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 ydd0 ff379 fs3c fcb sc0 ls0 ws0\" style=\"left: 795px; bottom: 913px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 868px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 868px; z-index: 15;\">548<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 868px; z-index: 15;\">953<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 868px; z-index: 15;\">1,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 853px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 853px; z-index: 15;\">251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 853px; z-index: 15;\">988<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 853px; z-index: 15;\">1,239<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 838px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 838px; z-index: 15;\">242<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 838px; z-index: 15;\">1,193<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 838px; z-index: 15;\">1,435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 823px; z-index: 15;\">Elimination<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 823px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 823px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff37b fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 808px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 808px; z-index: 15;\">1,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 808px; z-index: 15;\">3,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 808px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 797px; height: 309px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 797px; height: 309px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 797px; height: 309px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag476": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">Insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">premiums</div>\n<div class=\"t m0 x7 h63 y17d6 ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Gross inflow Life consists of</div>\n<div class=\"t m0 x7 h63 y17d7 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">premiums received by insu<span class=\"_ _0\"></span>rance</div>\n<div class=\"t m0 x7 h63 y17d8 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">companies for issued insu<span class=\"_ _0\"></span>rance</div>\n<div class=\"t m0 x7 h63 y17d9 ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">and investment contracts. Premium</div>\n<div class=\"t m0 x7 h63 y17da ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">inflow of insurance contracts and</div>\n<div class=\"t m0 x7 h63 y1994 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">investment contracts with D<span class=\"_ _2b\"></span>P<span class=\"_ _2\"></span>F is</div>\n<div class=\"t m0 x7 h63 y1995 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">recognised in the incom<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x7 h63 y1996 ff36e fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span><span class=\"ws10f\">Premium inflow of </span></div>\n<div class=\"t m0 x7 h63 y1e3b ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">investment contracts without DPF,</div>\n<div class=\"t m0 x7 h63 y1e3c ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">mainly unit<span class=\"ls0\">-</span>linked contracts, is</div>\n<div class=\"t m0 x7 h63 y1e3d ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">(after deduction of fees) directly</div>\n<div class=\"t m0 x7 h63 y1e3e ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">recognised as liabiliti<span class=\"_ _0\"></span>es (deposit</div>\n<div class=\"t m0 x7 h63 y1e3f ff36e fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">accounting). Fees are recognised</div>\n<div class=\"t m0 x7 h63 y1e40 ff36e fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">as fee income in the inco<span class=\"_ _0\"></span>me</div>\n<div class=\"t m0 x7 h63 y1e41 ff36e fs40 fc14 sc0 lsf8 ws112\" style=\"z-index: 15;\">statement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y724 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y1550 ff36c fs3c fcb sc0 ls0 ws0\" style=\"left: 324px; bottom: 816px; z-index: 15;\"> </div>\n<div class=\"t m0 x217 h52 y1550 ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 641px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y1550 ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y608 ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff36c fs3c fc14 sc0 lsef ws10a\" style=\"left: 324px; bottom: 786px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s <span class=\"ls109 ws15f\">inflow Life<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x236 h52 y5f4 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 786px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f4 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 786px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff36c fs3c fc14 sc0 ls109 ws125\" style=\"left: 324px; bottom: 771px; z-index: 15;\">Gross inflow Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x236 h52 y5f9 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 771px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f9 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 771px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 756px; z-index: 15;\">General account and e<span class=\"_ _0\"></span>liminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y60e ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 756px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y60e ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 756px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff36f fs3c fcb sc0 lse7 wsf8\" style=\"left: 324px; bottom: 741px; z-index: 15;\">Total gr<span class=\"_ _2b\"></span>oss inflow<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f9 ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 635px; bottom: 741px; z-index: 15;\">10,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x13c h54 y5f9 ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 768px; bottom: 741px; z-index: 15;\">10,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y17e1 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1e42 ff36c fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff36c fs3c fcb sc0 ls0 ws0\" style=\"left: 324px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x217 h52 y60e ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 641px; bottom: 694px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x217 h52 y60e ff36c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 694px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 324px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 660px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x12 h52 y5fc ff36c fs3c fc14 sc0 ls0 ws0\" style=\"left: 793px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 664px; z-index: 15;\">Net earned premiums Life<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 664px; z-index: 15;\">4,276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f7 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 664px; z-index: 15;\">4,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 649px; z-index: 15;\">Net earned premiums Non<span class=\"ls0 ws0\">-<span class=\"lsef ws10a\">life</span> </span></div>\n<div class=\"t m0 x236 h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 638px; bottom: 649px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5fc ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 771px; bottom: 649px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff36c fs3c fc14 sc0 lse4 wsf3\" style=\"left: 324px; bottom: 634px; z-index: 15;\">General account and <span class=\"wsf4\">e<span class=\"_ _0\"></span>liminations<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd9 h52 y601 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 650px; bottom: 634px; z-index: 15;\">(3)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd9 h52 y601 ff36c fs3c fc14 sc0 lse4 wsf4\" style=\"left: 783px; bottom: 634px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff36f fs3c fcb sc0 lse7 wsf8\" style=\"left: 324px; bottom: 619px; z-index: 15;\">Total ne<span class=\"_ _0\"></span>t earne<span class=\"_ _2b\"></span>d premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h54 y5ff ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 638px; bottom: 619px; z-index: 15;\">8,507<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h54 y5ff ff36f fs3c fcb sc0 lse4 wsf4\" style=\"left: 771px; bottom: 619px; z-index: 15;\">8,533<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 517px; height: 444px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 517px; height: 444px; width: 90%; z-index: 4;\"><br/></div>\n\n\n<div><br/></div>\n<div><br/></div>\n<div class=\"t m0 x7 h50 y79c ff374 fs3b fcb sc0 ls149 ws173\" style=\"z-index: 15;\">Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y8da ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 1065px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 1050px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y601 ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y601 ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 1050px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff376 fs3c fcb sc0 lsee ws166\" style=\"left: 69px; bottom: 1035px; z-index: 15;\">Unit<span class=\"ls0 ws0\">-<span class=\"lse7 wsf8\">linked ins<span class=\"_ _2b\"></span>urance contra<span class=\"_ _2b\"></span>cts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5ff ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1020px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1020px; z-index: 15;\">198<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1020px; z-index: 15;\">236<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1005px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 1005px; z-index: 15;\">358<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 1005px; z-index: 15;\">250<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff376 fs3c fcb sc0 lsec wsfe\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Total<span class=\"_ _2\"></span> <span class=\"lse8 ws10b\">unit<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">linked insurance contracts</span> </span></span></div>\n<div class=\"t m0 x107 h54 y608 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 990px; z-index: 15;\">556<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 990px; z-index: 15;\">486<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff377 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f2 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Non unit<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">linked insurance contracts</span> </span></div>\n<div class=\"t m0 x78 h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 960px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 945px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y60e ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 945px; z-index: 15;\">371<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 945px; z-index: 15;\">354<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 931px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 931px; z-index: 15;\">902<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 931px; z-index: 15;\">872<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff377 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 916px; z-index: 15;\">Group business total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 916px; z-index: 15;\">1,273<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 916px; z-index: 15;\">1,226<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y656 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 901px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x107 h52 y656 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 901px; z-index: 15;\">327<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y656 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 901px; z-index: 15;\">322<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 886px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 886px; z-index: 15;\">426<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 886px; z-index: 15;\">431<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y656 ff377 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 871px; z-index: 15;\">Individual business total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y656 ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 871px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y656 ff377 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 871px; z-index: 15;\">753<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 856px; z-index: 15;\">Total non unit<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse4 wsf6\">linked insura<span class=\"_ _0\"></span>nce contracts<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 856px; z-index: 15;\">2,026<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 856px; z-index: 15;\">1,979<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5ff ff377 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5ff ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 842px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y647 ff376 fs3c fcb sc0 lsf0 wsff\" style=\"left: 69px; bottom: 827px; z-index: 15;\">Investmen<span class=\"_ _2\"></span>t contracts w<span class=\"_ _2\"></span>ith DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y647 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y647 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 827px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 812px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x17 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 812px; z-index: 15;\">1,252<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 812px; z-index: 15;\">1,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 797px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 797px; z-index: 15;\">459<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 797px; z-index: 15;\">500<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff376 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 782px; z-index: 15;\">Total investment contract<span class=\"_ _2\"></span>s with DPF<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 782px; z-index: 15;\">1,711<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 782px; z-index: 15;\">1,927<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f2 ff376 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 767px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff376 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 752px; z-index: 15;\">Gross pr<span class=\"_ _0\"></span>emium<span class=\"_ _2b\"></span> income Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 752px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 752px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 738px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Single written premiums</span> </div>\n<div class=\"t m0 x17 h52 y5f2 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 738px; z-index: 15;\">1,288<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f2 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 738px; z-index: 15;\">1,752<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 723px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">Periodic written premiums</span> </div>\n<div class=\"t m0 xd2 h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 723px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 723px; z-index: 15;\">74<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff376 fs3c fcb sc0 lsee ws15e\" style=\"left: 69px; bottom: 708px; z-index: 15;\">Premium inflow deposit accounting<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 708px; z-index: 15;\">1,339<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 708px; z-index: 15;\">1,826<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 69px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 624px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y60e ff374 fs3c fc2a sc0 ls0 ws0\" style=\"left: 796px; bottom: 693px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f9 ff376 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 678px; z-index: 15;\">Gross i<span class=\"_ _2b\"></span>nflow Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 678px; z-index: 15;\">5,631<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 678px; z-index: 15;\">6,218<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e4e ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e4f ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y63a ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 631px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y63a ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 631px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y63a ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 631px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 633px; bottom: 615px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 601px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s premiums L<span class=\"_ _2\"></span>ife<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 601px; z-index: 15;\">4,293<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 601px; z-index: 15;\">4,392<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 586px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 586px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 586px; z-index: 15;\">(28)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 571px; z-index: 15;\">Net earned premiums Life<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 571px; z-index: 15;\">4,276<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 571px; z-index: 15;\">4,364<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e54 ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h50 y1e55 ff374 fs3b fcb sc0 lse3 ws174\" style=\"z-index: 15;\">Non<span class=\"ls0 ws0\">-<span class=\"ls149 ws173\">life</span> </span></div>\n<div class=\"t m0 x7 h4f y1e56 ff374 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Propert<span class=\"_ _0\"></span>y &amp; Cas<span class=\"_ _0\"></span>ualty inc<span class=\"_ _0\"></span>ludes p<span class=\"_ _0\"></span>remiu<span class=\"_ _0\"></span>ms receiv<span class=\"_ _2b\"></span>ed for motor, f<span class=\"_ _0\"></span>ire and ot<span class=\"_ _2b\"></span>her damage to <span class=\"_ _0\"></span>propert<span class=\"_ _0\"></span>y<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t m0 x7 h4f y1e57 ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 477px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 462px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff374 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 477px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 462px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y601 ff374 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 477px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5ff ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 462px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5ff ff374 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 462px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y605 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 446px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff374 fs3c fc14 sc0 lsef ws10a\" style=\"left: 69px; bottom: 431px; z-index: 15;\">Gros<span class=\"_ _2\"></span>s <span class=\"lse4 wsf6\">written premiums<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 431px; z-index: 15;\">1,139<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 431px; z-index: 15;\">3,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 431px; z-index: 15;\">4,640<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y605 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 416px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 416px; z-index: 15;\">(12)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 416px; z-index: 15;\">56<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y605 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 416px; z-index: 15;\">44<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 401px; z-index: 15;\">Gross earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 401px; z-index: 15;\">1,127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 401px; z-index: 15;\">3,557<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y603 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 401px; z-index: 15;\">4,684<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y638 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 387px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 387px; z-index: 15;\">(58)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 387px; z-index: 15;\">(400)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y638 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 387px; z-index: 15;\">(458)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 372px; z-index: 15;\">Reinsurers' share of unearned<span class=\"_ _0\"></span> premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 531px; bottom: 372px; z-index: 15;\">2</div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 372px; z-index: 15;\">6</div>\n<div class=\"t m0 xd6 h52 y5f4 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 372px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 357px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 357px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 357px; z-index: 15;\">3,163<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 357px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1cbc ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1cbd ff374 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 310px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 295px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff374 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 310px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 295px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y60e ff374 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 310px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y70b ff374 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 295px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y70b ff374 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 295px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 279px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff374 fs3c fc14 sc0 lsed wsf7\" style=\"left: 69px; bottom: 265px; z-index: 15;\">Gross writ<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>en pre<span class=\"_ _2b\"></span>miums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 513px; bottom: 265px; z-index: 15;\">1,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 265px; z-index: 15;\">3,496<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5f9 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 265px; z-index: 15;\">4,589<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 250px; z-index: 15;\">Change in unearned premiu<span class=\"_ _0\"></span>ms, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y5f7 ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 250px; z-index: 15;\"> </div>\n<div class=\"t m0 x39a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 656px; bottom: 250px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x39a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 250px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff376 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 235px; z-index: 15;\">Gross earned premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 235px; z-index: 15;\">1,093<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 235px; z-index: 15;\">3,510<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 235px; z-index: 15;\">4,603<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 220px; z-index: 15;\">Ceded reinsurance premiums<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x28a h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 520px; bottom: 220px; z-index: 15;\">(50)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 644px; bottom: 220px; z-index: 15;\">(383)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x225 h52 y5f7 ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 220px; z-index: 15;\">(433)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff374 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 205px; z-index: 15;\">Reinsurers' share of unearned<span class=\"_ _0\"></span> premiums<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5ff ff374 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 524px; bottom: 205px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd6 h52 y5ff ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 661px; bottom: 205px; z-index: 15;\">3</div>\n<div class=\"t m0 xd6 h52 y5ff ff374 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 205px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h54 y601 ff376 fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 190px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 190px; z-index: 15;\">1,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 190px; z-index: 15;\">3,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y601 ff376 fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 190px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 179px; height: 927px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 179px; height: 927px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff379 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Below is a bre<span class=\"_ _2b\"></span>akdown of the Non<span class=\"ls0 ws0\">-</span>life net<span class=\"_ _0\"></span> earned pre<span class=\"_ _2b\"></span>miums by insuranc<span class=\"_ _2b\"></span>e operating segm<span class=\"_ _0\"></span>ent.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1050px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff379 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 1065px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 1050px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 y5ff ff379 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 1065px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y601 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 1050px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y601 ff379 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 1050px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y5ff ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 1035px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1020px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 1020px; z-index: 15;\">536<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 1020px; z-index: 15;\">998<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1020px; z-index: 15;\">1,534<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 1005px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 1005px; z-index: 15;\">274<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 1005px; z-index: 15;\">961<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y603 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 1005px; z-index: 15;\">1,235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 990px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 990px; z-index: 15;\">261<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 990px; z-index: 15;\">1,210<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y608 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 990px; z-index: 15;\">1,471<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 975px; z-index: 15;\">Elimination<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y5f4 ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 975px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 975px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y5f4 ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 975px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 960px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 960px; z-index: 15;\">1,071<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 960px; z-index: 15;\">3,163<span class=\"ls0 ws0\"> </span></div>\n<div><br/></div>\n<div class=\"t m0 x2f4 h54 y5f2 ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 960px; z-index: 15;\">4,234<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 69px; bottom: 898px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 ydd0 ff379 fs3c fcb sc0 lse4 wsf6\" style=\"left: 494px; bottom: 913px; z-index: 15;\">Accident &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5f h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 510px; bottom: 898px; z-index: 15;\">Health<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x5d h52 ydd0 ff379 fs3c fcb sc0 lsf0 ws12b\" style=\"left: 624px; bottom: 913px; z-index: 15;\">Property &amp;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x66 h52 y5f2 ff379 fs3c fcb sc0 lse4 wsf4\" style=\"left: 631px; bottom: 898px; z-index: 15;\">Casualty<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x236 h52 y5f2 ff379 fs3c fcb sc0 lse7 ws109\" style=\"left: 775px; bottom: 898px; z-index: 15;\">Total<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 ydd0 ff379 fs3c fcb sc0 ls0 ws0\" style=\"left: 795px; bottom: 913px; z-index: 15;\">  </div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 665px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 795px; bottom: 883px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 868px; z-index: 15;\">Belgium<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 868px; z-index: 15;\">548<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 868px; z-index: 15;\">953<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 868px; z-index: 15;\">1,501<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 853px; z-index: 15;\">Europe<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 853px; z-index: 15;\">251<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 651px; bottom: 853px; z-index: 15;\">988<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 853px; z-index: 15;\">1,239<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 838px; z-index: 15;\">Reinsurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x4f h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 521px; bottom: 838px; z-index: 15;\">242<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 643px; bottom: 838px; z-index: 15;\">1,193<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h52 y5fc ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 773px; bottom: 838px; z-index: 15;\">1,435<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 823px; z-index: 15;\">Elimination<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe3 h52 y60e ff379 fs3c fc14 sc0 ls0 ws0\" style=\"left: 535px; bottom: 823px; z-index: 15;\"> </div>\n<div class=\"t m0 xd8 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 654px; bottom: 823px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd8 h52 y60e ff379 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 784px; bottom: 823px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff37b fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 808px; z-index: 15;\">Net earned premiums N<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\">-<span class=\"lse8 ws10b\">life</span> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 513px; bottom: 808px; z-index: 15;\">1,041<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 643px; bottom: 808px; z-index: 15;\">3,130<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2f4 h54 y5fc ff37b fs3c fcb sc0 lse4 wsf4\" style=\"left: 773px; bottom: 808px; z-index: 15;\">4,171<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 797px; height: 309px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 797px; height: 309px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Int<span class=\"_ _2b\"></span>e<span class=\"_ _2\"></span>res<span class=\"_ _0\"></span>t, dividend a<span class=\"_ _2\"></span>nd</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">other in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>estme<span class=\"_ _2\"></span>n<span class=\"_ _2b\"></span>t in<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>me</div>\n<div class=\"t m0 x2a3 h54 y1550 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y1550 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff37f fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st inco<span class=\"_ _2b\"></span>me<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff37f fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff37f fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Interest income on cas<span class=\"_ _0\"></span>h &amp; cash equivalents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 786px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5f4 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on loans to b<span class=\"_ _2\"></span>anks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Interest income on investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">1,331<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,355<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on loans to cu<span class=\"_ _2\"></span>stomers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on <span class=\"lse4 wsf3\">derivatives held <span class=\"_ _0\"></span>for trading and other<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 727px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h54 y5fc ff381 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total interest income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,734<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,683<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Dividend income from equity securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 682px; z-index: 15;\">164<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 682px; z-index: 15;\">161<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Rental income from inv<span class=\"_ _0\"></span>estment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 667px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 667px; z-index: 15;\">211<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Rental income from pa<span class=\"_ _0\"></span>rking garage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y180c ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">456<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y180c ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 652px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff37f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff381 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 623px; z-index: 15;\">Total interest, dividend <span class=\"_ _2\"></span>and other investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 623px; z-index: 15;\">2,648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 623px; z-index: 15;\">2,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e69 ff37f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Rental i<span class=\"_ _0\"></span>ncome from<span class=\"_ _0\"></span> car parks in 2<span class=\"_ _0\"></span>021 was adver<span class=\"_ _2b\"></span>sely impacted by th<span class=\"_ _0\"></span>e Covid<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">19 pandemic, <span class=\"lse0\">especially f<span class=\"_ _0\"></span>or airp<span class=\"_ _0\"></span>ort and c<span class=\"_ _2b\"></span>ity <span class=\"wsef\">centre<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">car park<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\">. </span></span></span></span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 565px; height: 396px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1c16 ff37f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c17 ff37f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 565px; height: 396px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 565px; height: 396px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">In<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>estme<span class=\"_ _2\"></span>n<span class=\"_ _2b\"></span>t in<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>me relat<span class=\"_ _0\"></span>ed</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">to unit<span class=\"_ _2b\"></span>-link<span class=\"_ _2b\"></span>ed contracts</div>\n<div class=\"t m0 x2a3 h52 y1550 ff389 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff389 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff38b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff389 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">(Un)realised gains (losses) <span class=\"ls0 ws0\">- <span class=\"lsec wsf3\">in<span class=\"_ _2\"></span>surance c<span class=\"_ _2\"></span>ontracts<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x25f h52 y5f4 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 786px; z-index: 15;\">(428)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff389 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">(Un)realised gains (losses) <span class=\"ls0 ws0\">- </span><span class=\"wsf3\">investment contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h52 y5f9 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 771px; z-index: 15;\">(2,215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">964<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff38c fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">(Un)realised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 596px; bottom: 756px; z-index: 15;\">(2,643)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff389 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Investment income <span class=\"ls0 ws0\">- <span class=\"lsec ws100\">insu<span class=\"_ _2\"></span>rance cont<span class=\"_ _2\"></span>racts</span> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff389 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Investment income <span class=\"ls0 ws0\">- </span><span class=\"wsf6\">investment contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5fc ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff38c fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Realised investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 697px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff389 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff389 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff389 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff38c fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Total investment income <span class=\"_ _2\"></span>related to unit<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">linked contracts</span> </span></div>\n<div class=\"t m0 x49 h54 y601 ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 596px; bottom: 667px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 667px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 656px; height: 305px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9 wsc\" style=\"z-index: 15;\">Fee<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">commission<span class=\"_ _0\"></span> inco<span class=\"_ _2b\"></span>me</div>\n<div class=\"t m0 x2a3 h52 y1550 ff38f fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff38f fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff38f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Reinsurance commissions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff38f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Insurance and investment fees<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff38f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Asset management<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff38f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Guarantees and commitment fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 xb8 h52 y5f9 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f7 ff38f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other service fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff391 fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total f<span class=\"_ _0\"></span>ee an<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>missio<span class=\"_ _0\"></span>n incom<span class=\"_ _0\"></span>e<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff391 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff391 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a60 ff38f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a61 ff38f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a62 ff38f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line it<span class=\"_ _0\"></span>em <span class=\"ls0 ws0\">\u2018<span class=\"lse2 ws103\">Other serv<span class=\"_ _2\"></span>ice fees</span>\u2019 </span><span class=\"wsfa\">mainly relat<span class=\"_ _2b\"></span>es to fees receiv<span class=\"_ _2b\"></span>ed by Ageas br<span class=\"_ _0\"></span>okerag<span class=\"_ _0\"></span>e compa<span class=\"_ _0\"></span>nies for t<span class=\"_ _0\"></span>he sale <span class=\"_ _0\"></span>of insu<span class=\"_ _0\"></span>rance pol<span class=\"_ _2b\"></span>icies to third p<span class=\"_ _2b\"></span>arties.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 654px; height: 307px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag475": {
   "value": "\n<div><br/></div>\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Int<span class=\"_ _2b\"></span>e<span class=\"_ _2\"></span>res<span class=\"_ _0\"></span>t, dividend a<span class=\"_ _2\"></span>nd</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">other in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>estme<span class=\"_ _2\"></span>n<span class=\"_ _2b\"></span>t in<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>me</div>\n<div class=\"t m0 x2a3 h54 y1550 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y1550 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff37f fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st inco<span class=\"_ _2b\"></span>me<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff37f fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff37f fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Interest income on cas<span class=\"_ _0\"></span>h &amp; cash equivalents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 786px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5f4 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on loans to b<span class=\"_ _2\"></span>anks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Interest income on investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">1,331<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,355<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on loans to cu<span class=\"_ _2\"></span>stomers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on <span class=\"lse4 wsf3\">derivatives held <span class=\"_ _0\"></span>for trading and other<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 727px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h54 y5fc ff381 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total interest income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,734<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,683<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Dividend income from equity securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 682px; z-index: 15;\">164<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 682px; z-index: 15;\">161<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Rental income from inv<span class=\"_ _0\"></span>estment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 667px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 667px; z-index: 15;\">211<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Rental income from pa<span class=\"_ _0\"></span>rking garage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y180c ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">456<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y180c ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 652px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff37f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff381 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 623px; z-index: 15;\">Total interest, dividend <span class=\"_ _2\"></span>and other investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 623px; z-index: 15;\">2,648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 623px; z-index: 15;\">2,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e69 ff37f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Rental i<span class=\"_ _0\"></span>ncome from<span class=\"_ _0\"></span> car parks in 2<span class=\"_ _0\"></span>021 was adver<span class=\"_ _2b\"></span>sely impacted by th<span class=\"_ _0\"></span>e Covid<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">19 pandemic, <span class=\"lse0\">especially f<span class=\"_ _0\"></span>or airp<span class=\"_ _0\"></span>ort and c<span class=\"_ _2b\"></span>ity <span class=\"wsef\">centre<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">car park<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\">. </span></span></span></span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 565px; height: 396px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1c16 ff37f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c17 ff37f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 565px; height: 396px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 565px; height: 396px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 565px; height: 396px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 565px; height: 396px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag482": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Int<span class=\"_ _2b\"></span>e<span class=\"_ _2\"></span>res<span class=\"_ _0\"></span>t, dividend a<span class=\"_ _2\"></span>nd</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">other in<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>estme<span class=\"_ _2\"></span>n<span class=\"_ _2b\"></span>t in<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>me</div>\n<div class=\"t m0 x2a3 h54 y1550 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h54 y1550 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff37f fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\">Intere<span class=\"_ _0\"></span>st inco<span class=\"_ _2b\"></span>me<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff37f fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff37f fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Interest income on cas<span class=\"_ _0\"></span>h &amp; cash equivalents<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 786px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5f4 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f9 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on loans to b<span class=\"_ _2\"></span>anks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">25<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Interest income on investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 756px; z-index: 15;\">1,331<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y60e ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,355<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on loans to cu<span class=\"_ _2\"></span>stomers<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">324<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">292<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff37f fs3c fc14 sc0 lsef ws102\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Inter<span class=\"_ _2\"></span>est incom<span class=\"_ _2\"></span>e on <span class=\"lse4 wsf3\">derivatives held <span class=\"_ _0\"></span>for trading and other<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">47<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff37f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 727px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h54 y5fc ff381 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total interest income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,734<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,683<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff381 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Dividend income from equity securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 682px; z-index: 15;\">164<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 682px; z-index: 15;\">161<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Rental income from inv<span class=\"_ _0\"></span>estment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 667px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 667px; z-index: 15;\">211<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff37f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Rental income from pa<span class=\"_ _0\"></span>rking garage<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y180c ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">456<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y180c ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 652px; z-index: 15;\">346<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff37f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">93<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff37f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">26<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff381 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 623px; z-index: 15;\">Total interest, dividend <span class=\"_ _2\"></span>and other investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 623px; z-index: 15;\">2,648<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y603 ff381 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 623px; z-index: 15;\">2,427<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e69 ff37f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Rental i<span class=\"_ _0\"></span>ncome from<span class=\"_ _0\"></span> car parks in 2<span class=\"_ _0\"></span>021 was adver<span class=\"_ _2b\"></span>sely impacted by th<span class=\"_ _0\"></span>e Covid<span class=\"ls0 ws0\">-<span class=\"lse2 wsfa\">19 pandemic, <span class=\"lse0\">especially f<span class=\"_ _0\"></span>or airp<span class=\"_ _0\"></span>ort and c<span class=\"_ _2b\"></span>ity <span class=\"wsef\">centre<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">car park<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\">. </span></span></span></span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 7%; bottom: 565px; height: 396px; width: 86%; z-index: 6;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>in<span class=\"_ _2\"></span>ancing</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls1 ws1\" style=\"z-index: 15;\">costs</div>\n<div class=\"t m0 x2a3 h52 y1550 ff39e fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff39e fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 786px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 786px; z-index: 15;\">85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Lease liability<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Borrowings from banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 741px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff3a0 fs3c fcb sc0 lsec ws100\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total<span class=\"_ _2\"></span> financin<span class=\"_ _2\"></span>g costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff3a0 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff3a0 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 701px; height: 260px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag477": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">R<span class=\"_ _2b\"></span>esult on sa<span class=\"_ _2\"></span>les  </div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">and<span class=\"_ _2\"></span> re<span class=\"_ _1\"></span>valu<span class=\"_ _2\"></span>ations</div>\n<div class=\"t m0 x2a3 h52 y1550 ff384 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff384 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Debt securities classified a<span class=\"_ _0\"></span>s available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 786px; z-index: 15;\">(18)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 786px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Equity securities classified as<span class=\"_ _0\"></span> available for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">120<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff384 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Financial instruments held for trading<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">16<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 756px; z-index: 15;\">9</div>\n<div class=\"t m0 x14d h52 y5f9 ff384 fs3c fc14 sc0 lsec wsfe\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Inv<span class=\"_ _2\"></span>estment <span class=\"_ _2\"></span><span class=\"lse4 wsf4\">property<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5f9 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">115<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Capital gain (losses) on sa<span class=\"_ _0\"></span>le of shares of <span class=\"_ _0\"></span>subsidiaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f7 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 xb8 h52 y5f7 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 727px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5fc ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">48<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y601 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 697px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y601 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 697px; z-index: 15;\">8</div>\n<div class=\"t m0 x14d h52 y5fc ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Assets and liabilities h<span class=\"_ _0\"></span>eld at fair value<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff384 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 667px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">through profit or loss</span> </div>\n<div class=\"t m0 x145 h52 y601 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 667px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y601 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 667px; z-index: 15;\">10<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y180c ff384 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Hedging results<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y180c ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 652px; z-index: 15;\">90<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y180c ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 652px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 637px; z-index: 15;\">101<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff384 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 637px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y603 ff386 fs3c fcb sc0 lsee ws15e\" style=\"left: 69px; bottom: 623px; z-index: 15;\">Total Result on sales and revaluations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff386 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 623px; z-index: 15;\">621<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y603 ff386 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 623px; z-index: 15;\">294<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c16 ff384 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c17 ff384 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e01 ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">As descri<span class=\"_ _0\"></span>bed in the Not<span class=\"_ _0\"></span>e 20, Ageas<span class=\"_ _0\"></span> SA/NV acq<span class=\"_ _2b\"></span>uired in the course of<span class=\"_ _0\"></span> the</div>\n<div class=\"t m0 x7 h4f y1e02 ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">fourth qu<span class=\"_ _0\"></span>arter of 2022 a<span class=\"_ _2b\"></span>n aggregate princ<span class=\"_ _0\"></span>ipal amo<span class=\"_ _0\"></span>unt of EUR</div>\n<div class=\"t m0 x7 h4f y1e03 ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">233,250,<span class=\"_ _2b\"></span>000 of FRESH securit<span class=\"_ _2b\"></span>ies, issued in 2002 by<span class=\"_ _0\"></span> its subsi<span class=\"_ _0\"></span>diary</div>\n<div class=\"t m0 x7 h4f y1e6c ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageasfi<span class=\"_ _2b\"></span>nlux S.A. The acquis<span class=\"_ _0\"></span>ition res<span class=\"_ _2b\"></span>ulted in the derec<span class=\"_ _0\"></span>ognition of<span class=\"_ _0\"></span> the</div>\n<div class=\"t m0 x7 h4f y1e6d ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">corresp<span class=\"_ _2b\"></span>onding liability i<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>the co<span class=\"_ _0\"></span>nsolida<span class=\"_ _2b\"></span>ted statement of fin<span class=\"_ _0\"></span>ancial pos<span class=\"_ _2b\"></span>ition</div>\n<div class=\"t m0 x7 h4f y1e6e ff384 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of Ageas g<span class=\"_ _2\"></span>roup, generating a<span class=\"_ _2\"></span> gain of EUR 1<span class=\"_ _2\"></span>46.3 million. This<span class=\"_ _2\"></span> mainly</div>\n<div class=\"t m0 x7 h4f y1e6f ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">includes<span class=\"_ _0\"></span> the combi<span class=\"_ _2b\"></span>ned effect of the gain on ex<span class=\"_ _0\"></span>tingu<span class=\"_ _0\"></span>ishment<span class=\"_ _0\"></span> of the</div>\n<div class=\"t m0 x7 h4f y1e70 ff384 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">liability<span class=\"_ _2\"></span> and the gain on the resul<span class=\"lse0 wsfa\">t on the asso<span class=\"_ _2b\"></span>ciated cash fl<span class=\"_ _0\"></span>ow hedg<span class=\"_ _0\"></span>e </span></div>\n<div class=\"t m0 x7 h4f y1e71 ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(interes<span class=\"_ _0\"></span>t rate swa<span class=\"_ _0\"></span>p), refle<span class=\"_ _0\"></span>cted in bot<span class=\"_ _2b\"></span>h the lines \u2018Other\u2019 an<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>\u2018H<span class=\"_ _0\"></span>edging</div>\n<div class=\"t m0 x7 h4f y1e72 ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">result\u2019 i<span class=\"_ _0\"></span>n the table ab<span class=\"_ _0\"></span>ove.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e73 ff384 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1e74 ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Also incl<span class=\"_ _0\"></span>uded in the li<span class=\"_ _0\"></span>ne \u201cOther<span class=\"_ _0\"></span>\u201d is <span class=\"lse2 wsf1\">GBP<span class=\"ls0 ws0\"> </span>47<span class=\"_ _2\"></span></span>.5 m<span class=\"_ _0\"></span>illion (<span class=\"_ _0\"></span>before tax<span class=\"_ _0\"></span>) gain on</div>\n<div class=\"t m0 x1a h4f y1e75 ff384 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the sale of the<span class=\"_ _2\"></span> commercial lines front book<span class=\"_ _2\"></span> business in the <span class=\"lsfa ws114\">UK.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1e76 ff384 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1e77 ff384 fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">In <span class=\"lse2 wsfa\">2022, A<span class=\"_ _2\"></span>geas increase<span class=\"ls0 ws0\">d <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">its int<span class=\"_ _2b\"></span>erest in the joint ve<span class=\"_ _0\"></span>nture Age<span class=\"_ _0\"></span>as Fede<span class=\"_ _0\"></span>ral </span></span></span></div>\n<div class=\"t m0 x1a h4f y1e78 ff384 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Life Ins<span class=\"_ _0\"></span>urance C<span class=\"_ _2b\"></span>ompany Ltd (AF<span class=\"_ _2b\"></span>LIC) from 49% t<span class=\"_ _0\"></span>o 74<span class=\"lsfd ws116\">%. <span class=\"lse2 wsf1\">Unde</span></span>r IFRS,</div>\n<div class=\"t m0 x1a h4f y1e79 ff384 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">this tra<span class=\"_ _2b\"></span>nsaction is con<span class=\"_ _0\"></span>sidere<span class=\"_ _0\"></span>d a step <span class=\"_ _0\"></span>acquisit<span class=\"_ _2b\"></span>ion, hence the <span class=\"_ _0\"></span>previo<span class=\"_ _0\"></span>usly</div>\n<div class=\"t m0 x1a h4f y1e7a ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">held inter<span class=\"_ _2b\"></span>est of 49% <span class=\"ls104 ws126\">wa</span>s treated as<span class=\"_ _0\"></span> if it had bee<span class=\"_ _0\"></span>n disposed of<span class=\"_ _0\"></span> and a non<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1e7b ff384 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">cash capit<span class=\"_ _2b\"></span>al gain of EUR 50 milli<span class=\"_ _0\"></span>on<span class=\"ls0 ws0\"> </span>was generat<span class=\"_ _2b\"></span>ed (see note 3</div>\n<div class=\"t m0 x1a h4f y1e7c ff384 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Acquisitions<span class=\"_ _2\"></span> and disposals for more detai<span class=\"lse0 wsf0\">ls). This gain was<span class=\"_ _0\"></span> include<span class=\"_ _0\"></span>d in </span></div>\n<div class=\"t m0 x1a h4f y1e7d ff384 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the line <span class=\"_ _0\"></span>\u2018Equity<span class=\"_ _0\"></span> account<span class=\"_ _2b\"></span>ed investment<span class=\"_ _2b\"></span>s<span class=\"ls0 ws0\">\u2019<span class=\"_ _2\"></span>.</span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 407px; height: 554px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag483": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">In<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>estme<span class=\"_ _2\"></span>n<span class=\"_ _2b\"></span>t in<span class=\"_ _2\"></span>co<span class=\"_ _0\"></span>me relat<span class=\"_ _0\"></span>ed</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">to unit<span class=\"_ _2b\"></span>-link<span class=\"_ _2b\"></span>ed contracts</div>\n<div class=\"t m0 x2a3 h52 y1550 ff389 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff389 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff38b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff389 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">(Un)realised gains (losses) <span class=\"ls0 ws0\">- <span class=\"lsec wsf3\">in<span class=\"_ _2\"></span>surance c<span class=\"_ _2\"></span>ontracts<span class=\"_ _2\"></span></span> </span></div>\n<div class=\"t m0 x25f h52 y5f4 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 786px; z-index: 15;\">(428)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">268<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff389 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">(Un)realised gains (losses) <span class=\"ls0 ws0\">- </span><span class=\"wsf3\">investment contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x49 h52 y5f9 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 596px; bottom: 771px; z-index: 15;\">(2,215)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">964<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff38c fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">(Un)realised gains (losses)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x49 h54 y60e ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 596px; bottom: 756px; z-index: 15;\">(2,643)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y60e ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 756px; z-index: 15;\">1,232<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff389 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff389 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Investment income <span class=\"ls0 ws0\">- <span class=\"lsec ws100\">insu<span class=\"_ _2\"></span>rance cont<span class=\"_ _2\"></span>racts</span> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff389 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Investment income <span class=\"ls0 ws0\">- </span><span class=\"wsf6\">investment contracts<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x107 h52 y5fc ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">100<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff389 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">159<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff38c fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Realised investment income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 697px; z-index: 15;\">117<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">174<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff389 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff389 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff389 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff38c fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Total investment income <span class=\"_ _2\"></span>related to unit<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">linked contracts</span> </span></div>\n<div class=\"t m0 x49 h54 y601 ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 596px; bottom: 667px; z-index: 15;\">(2,526)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff38c fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 667px; z-index: 15;\">1,406<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 656px; height: 305px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 656px; height: 305px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNetAssetValueAttributableToUnitholdersExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag479": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9 wsc\" style=\"z-index: 15;\">Fee<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">commission<span class=\"_ _0\"></span> inco<span class=\"_ _2b\"></span>me</div>\n<div class=\"t m0 x2a3 h52 y1550 ff38f fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff38f fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff38f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Reinsurance commissions<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">107<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff38f fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Insurance and investment fees<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">238<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">245<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff38f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Asset management<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff38f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Guarantees and commitment fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 xb8 h52 y5f9 ff38f fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 741px; z-index: 15;\">1</div>\n<div class=\"t m0 x14d h52 y5f7 ff38f fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other service fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">64<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff38f fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">82<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff391 fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total f<span class=\"_ _0\"></span>ee an<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>missio<span class=\"_ _0\"></span>n incom<span class=\"_ _0\"></span>e<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff391 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">437<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff391 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">467<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1a60 ff38f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a61 ff38f fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1a62 ff38f fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The line it<span class=\"_ _0\"></span>em <span class=\"ls0 ws0\">\u2018<span class=\"lse2 ws103\">Other serv<span class=\"_ _2\"></span>ice fees</span>\u2019 </span><span class=\"wsfa\">mainly relat<span class=\"_ _2b\"></span>es to fees receiv<span class=\"_ _2b\"></span>ed by Ageas br<span class=\"_ _0\"></span>okerag<span class=\"_ _0\"></span>e compa<span class=\"_ _0\"></span>nies for t<span class=\"_ _0\"></span>he sale <span class=\"_ _0\"></span>of insu<span class=\"_ _0\"></span>rance pol<span class=\"_ _2b\"></span>icies to third p<span class=\"_ _2b\"></span>arties.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 654px; height: 307px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 654px; height: 307px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Fe<span class=\"_ _0\"></span>e and  </div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">commiss<span class=\"_ _2\"></span>ion e<span class=\"_ _1\"></span>xpen<span class=\"_ _2\"></span>ses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3a8 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3a8 fs3c fcb sc0 ls0 ws0\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2<span class=\"lse4 wsf4\">021</span> </div>\n<div class=\"t m0 x14d h52 y608 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 xb8 h52 y5f4 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 786px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5f9 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Intermediaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 771px; z-index: 15;\">1,087<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 771px; z-index: 15;\">1,154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3a8 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Asset management fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 756px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y60e ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 756px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5f9 ff3a8 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Custodian fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5f9 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 741px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5f7 ff3a8 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other fee and commission<span class=\"_ _0\"></span> expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff3aa fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total f<span class=\"_ _0\"></span>ee an<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>missio<span class=\"_ _0\"></span>n expe<span class=\"_ _0\"></span>nses<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff3aa fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff3aa fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 701px; height: 260px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 701px; height: 260px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag478": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls1 ws1\" style=\"z-index: 15;\">inco<span class=\"_ _2\"></span>me</div>\n<div class=\"t m0 x2a3 h52 y1550 ff394 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff394 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff394 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff394 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff394 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff394 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Proceeds of sale of p<span class=\"_ _0\"></span>roperty intended for <span class=\"_ _0\"></span>sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff394 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Recovery of staff and<span class=\"_ _0\"></span> other expenses from thir<span class=\"_ _0\"></span>d parties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff396 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Total ot<span class=\"_ _2b\"></span>her income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff396 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff396 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">282<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17e1 ff394 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e42 ff394 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e8a ff394 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Total oth<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">income<span class=\"_ _0\"></span> includes<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">proceeds fr<span class=\"_ _2\"></span>om</span> <span class=\"lse0 wsfa\">the s<span class=\"_ _0\"></span>ale of bui<span class=\"_ _0\"></span>ldings h<span class=\"_ _0\"></span>eld for </span></span></span></div>\n<div class=\"t m0 x7 h4f y1e8b ff394 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">resale re<span class=\"_ _0\"></span>lated to AGR<span class=\"_ _0\"></span>E real est<span class=\"_ _0\"></span>ate develo<span class=\"_ _0\"></span>pment pr<span class=\"_ _0\"></span>ojects<span class=\"_ _0\"></span> for an amount</div>\n<div class=\"t m0 x7 h4f y1e8c ff394 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of EUR 128<span class=\"_ _2\"></span><span class=\"lsfc ws115\">.1<span class=\"ls0 ws0\"> </span><span class=\"ls102\">millio<span class=\"_ _2\"></span>n (</span></span><span class=\"wsf1\">2021: <span class=\"lsfa ws114\">EUR <span class=\"_ _2\"></span></span>128.3 </span>million),<span class=\"_ _2\"></span> the re<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">invoicing of </span></span></div>\n<div class=\"t m0 x1a h4f y1e8d ff394 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">service co<span class=\"_ _2b\"></span>sts related to rent<span class=\"_ _0\"></span>al activi<span class=\"_ _0\"></span>ties, the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>tur<span class=\"_ _0\"></span>nover of se<span class=\"_ _0\"></span>rvice</div>\n<div class=\"t m0 x1a h4f y1e8e ff394 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">companies an<span class=\"_ _2\"></span>d the <span class=\"lse0 wsef\">re<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">billing<span class=\"_ _2\"></span></span> </span><span class=\"wsf0\">of staff<span class=\"_ _0\"></span> and other ex<span class=\"_ _2b\"></span>penses <span class=\"lsf4 ws10c\">to<span class=\"ls0 ws0\"> </span></span>third parti<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 652px; height: 309px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 652px; height: 309px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag481": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls1 ws1\" style=\"z-index: 15;\">inco<span class=\"_ _2\"></span>me</div>\n<div class=\"t m0 x2a3 h52 y1550 ff394 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff394 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff394 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff394 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff394 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff394 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Proceeds of sale of p<span class=\"_ _0\"></span>roperty intended for <span class=\"_ _0\"></span>sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff394 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Recovery of staff and<span class=\"_ _0\"></span> other expenses from thir<span class=\"_ _0\"></span>d parties<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">136<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff394 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">127<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff396 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Total ot<span class=\"_ _2b\"></span>her income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff396 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 741px; z-index: 15;\">296<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff396 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 741px; z-index: 15;\">282<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17e1 ff394 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e42 ff394 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e8a ff394 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Total oth<span class=\"_ _0\"></span>er<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">income<span class=\"_ _0\"></span> includes<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">proceeds fr<span class=\"_ _2\"></span>om</span> <span class=\"lse0 wsfa\">the s<span class=\"_ _0\"></span>ale of bui<span class=\"_ _0\"></span>ldings h<span class=\"_ _0\"></span>eld for </span></span></span></div>\n<div class=\"t m0 x7 h4f y1e8b ff394 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">resale re<span class=\"_ _0\"></span>lated to AGR<span class=\"_ _0\"></span>E real est<span class=\"_ _0\"></span>ate develo<span class=\"_ _0\"></span>pment pr<span class=\"_ _0\"></span>ojects<span class=\"_ _0\"></span> for an amount</div>\n<div class=\"t m0 x7 h4f y1e8c ff394 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">of EUR 128<span class=\"_ _2\"></span><span class=\"lsfc ws115\">.1<span class=\"ls0 ws0\"> </span><span class=\"ls102\">millio<span class=\"_ _2\"></span>n (</span></span><span class=\"wsf1\">2021: <span class=\"lsfa ws114\">EUR <span class=\"_ _2\"></span></span>128.3 </span>million),<span class=\"_ _2\"></span> the re<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">invoicing of </span></span></div>\n<div class=\"t m0 x1a h4f y1e8d ff394 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">service co<span class=\"_ _2b\"></span>sts related to rent<span class=\"_ _0\"></span>al activi<span class=\"_ _0\"></span>ties, the<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>tur<span class=\"_ _0\"></span>nover of se<span class=\"_ _0\"></span>rvice</div>\n<div class=\"t m0 x1a h4f y1e8e ff394 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">companies an<span class=\"_ _2\"></span>d the <span class=\"lse0 wsef\">re<span class=\"ls0 ws0\">-<span class=\"ls102 ws11d\">billing<span class=\"_ _2\"></span></span> </span><span class=\"wsf0\">of staff<span class=\"_ _0\"></span> and other ex<span class=\"_ _2b\"></span>penses <span class=\"lsf4 ws10c\">to<span class=\"ls0 ws0\"> </span></span>third parti<span class=\"_ _0\"></span>es.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 652px; height: 309px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"_ _2b\"></span>xpenses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3b2 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3b2 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff3b4 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Depreciation on tangible assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y5f4 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Buildings held for own <span class=\"_ _0\"></span>use and car parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Leasehold improvements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 756px; z-index: 15;\">6</div>\n<div class=\"t m0 xb8 h52 y60e ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 756px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff3b4 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Amortisation of intangibl<span class=\"_ _2\"></span>e assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Purchased software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Internally developed <span class=\"lsec wsfe\">softwar<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y601 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 667px; z-index: 15;\">8</div>\n<div class=\"t m0 xb8 h52 y601 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 667px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Value of business acq<span class=\"_ _0\"></span>uired (VOBA)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 652px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 652px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other intangible assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff3b4 fs3c fcb sc0 lse7 ws109\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Other<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Other rental expenses and related expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 593px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 593px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Variable Lease Payments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 578px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 578px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Operating and other dir<span class=\"_ _0\"></span>ect expenses relating to in<span class=\"_ _0\"></span>vestment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 563px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 563px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Operating and other dir<span class=\"_ _0\"></span>ect expenses relating to pr<span class=\"_ _0\"></span>operty for own use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 548px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 548px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Professional fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 534px; z-index: 15;\">144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 534px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 519px; z-index: 15;\">Capi<span class=\"_ _2\"></span>talised d<span class=\"_ _2\"></span>eferred ac<span class=\"_ _2\"></span>quisit<span class=\"_ _2\"></span>ion costs<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 519px; z-index: 15;\">(353)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 519px; z-index: 15;\">(416)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 504px; z-index: 15;\">Depreciation deferred acquisition costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 504px; z-index: 15;\">375<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 504px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 489px; z-index: 15;\">Marketing and public relation<span class=\"_ _0\"></span>s costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 489px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 489px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 474px; z-index: 15;\">Information technology costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 474px; z-index: 15;\">213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 474px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 459px; z-index: 15;\">Maintenance and repair e<span class=\"_ _0\"></span>xpenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 459px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 459px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 444px; z-index: 15;\">Cost of sale of prope<span class=\"_ _0\"></span>rty intended for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 444px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 444px; z-index: 15;\">116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 430px; z-index: 15;\">307<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 430px; z-index: 15;\">290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff3b4 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 415px; z-index: 15;\">Total ot<span class=\"_ _2b\"></span>her expenses<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff3b4 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 415px; z-index: 15;\">1,412<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff3b4 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 415px; z-index: 15;\">1,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 404px; height: 421px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1ebe ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ebf ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ec0 ff3b2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas\u2019s car par<span class=\"_ _2\"></span>k operator <span class=\"wsf1\">Interparking <span class=\"_ _2\"></span></span>has arrangements whereby a<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y1ec1 ff3b2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">variabl<span class=\"_ _0\"></span>e lease i<span class=\"_ _0\"></span>s paid f<span class=\"_ _0\"></span>or car p<span class=\"_ _0\"></span>arks. <span class=\"ls0 ws0\">V</span>ari<span class=\"_ _0\"></span>able leas<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">expense</span> </span><span class=\"lse2\">is hi<span class=\"_ _2\"></span>gher in </span></div>\n<div class=\"t m0 x7 h4f y1ec2 ff3b2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">2022 following<span class=\"_ _2\"></span> the recovery from the impact<span class=\"_ _2\"></span> of <span class=\"lse0 wsfa\">th<span class=\"_ _0\"></span>e Covid<span class=\"ls0 ws0\">-</span><span class=\"lse2\">19 pandemic.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1ec3 ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1ec4 ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse0 wsfa\">he line </span><span class=\"lsfc\">item \u2018<span class=\"lse2 wsfa\">Opera<span class=\"_ _2\"></span>ting and other d<span class=\"_ _2\"></span>irect exp<span class=\"lse0 wsf0\">enses relat<span class=\"_ _2b\"></span>ing to </span></span></span></div>\n<div class=\"t m0 x1a h4f y1ec5 ff3b2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment proper<span class=\"_ _2\"></span>ty<span class=\"ls106 ws124\">\u2019 </span>is partly <span class=\"lse0 wsef\">offset<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">by incom<span class=\"_ _2b\"></span>e accounts as report<span class=\"_ _0\"></span>ed in </span></span></div>\n<div class=\"t m0 x1a h4f y1ec6 ff3b2 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">note <span class=\"lse2 wsf1\">35<span class=\"ls0 ws0\"> </span><span class=\"ws103\">Other Income<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 313px; height: 648px; width: 90%; z-index: 4;\"><br/></div>\n\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 x7 h6a y79c ff3b9 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">41.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff3b9 fs46 fcf sc0 ls10c ws12f\" style=\"z-index: 15;\">Audi<span class=\"_ _2\"></span>t fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff3b7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"lse2 wsf1\">or 2<span class=\"_ _2\"></span>022</span> <span class=\"lse2 wsf1\">and <span class=\"ws103\">2021, the<span class=\"_ _2\"></span>se fees</span></span> <span class=\"lse0 wsfa\">can be br<span class=\"_ _0\"></span>oken dow<span class=\"_ _2b\"></span>n into the foll<span class=\"_ _0\"></span>owing co<span class=\"_ _2b\"></span>mponents:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse0 wsfa\">audit fees, w<span class=\"_ _0\"></span>hich in<span class=\"_ _0\"></span>clude fee<span class=\"_ _2b\"></span>s for auditing t<span class=\"_ _2b\"></span>he statutory,<span class=\"_ _0\"></span> consoli<span class=\"_ _0\"></span>dated f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al state<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>nd the r<span class=\"_ _0\"></span>eview of<span class=\"_ _0\"></span> the int<span class=\"_ _0\"></span>erim fi<span class=\"wsf0\">n<span class=\"_ _0\"></span>ancial stat<span class=\"_ _2b\"></span>ements;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y7a0 ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse2 wsf1\">a<span class=\"_ _2\"></span>udit</span><span class=\"ff3b7\">-<span class=\"lse2 ws103\">related fees<span class=\"_ _2\"></span>, which include fees for work per<span class=\"_ _2\"></span>formed on</span> <span class=\"lse2 wsfa\">prospectuse<span class=\"_ _2\"></span>s, non</span>-<span class=\"lse0 wsf0\">standard a<span class=\"_ _2b\"></span>uditing and adviso<span class=\"_ _2b\"></span>ry services not re<span class=\"_ _0\"></span>lated to st<span class=\"_ _0\"></span>atutory </span></span></span></div>\n<div class=\"t m0 x43 h4f y7a1 ff3b7 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">auditing;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya7f ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse0 wsfa\">fees for tax a<span class=\"_ _0\"></span>dvice;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div></div>\n<div class=\"t m0 x7 h4f ya80 ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse2 wsfa\">o<span class=\"_ _2\"></span>ther non</span><span class=\"ff3b7\">-<span class=\"lse2 wsfa\">audi<span class=\"_ _2\"></span>t fees, which inclu<span class=\"_ _2\"></span>de fees for suppo<span class=\"_ _2\"></span>rt and advice.</span> </span></span></div>\n<div class=\"t m0 x15e h52 y5ff ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 939px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x15e h52 y5ff ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 777px; bottom: 939px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 511px; bottom: 924px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff3b7 fs3c fcb sc0 lsec wsfe\" style=\"left: 501px; bottom: 909px; z-index: 15;\">Stat<span class=\"_ _2\"></span>utory<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 504px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 601px; bottom: 924px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 598px; bottom: 909px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 591px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 684px; bottom: 924px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff3b7 fs3c fcb sc0 lsec wsfe\" style=\"left: 674px; bottom: 909px; z-index: 15;\">Stat<span class=\"_ _2\"></span>utory<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 677px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 924px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 771px; bottom: 909px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 764px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya81 ff3b7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 536px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 709px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 924px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 909px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff3b7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 864px; z-index: 15;\">Audit fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 864px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 864px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 864px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 864px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f4 ff3b7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 849px; z-index: 15;\">Audit<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">related fees<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x44 h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 849px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 849px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff3b7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 834px; z-index: 15;\">Tax fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff3b7 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 819px; z-index: 15;\">Other non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">audit fees<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff3bc fs3c fcb sc0 lsec wsfe\" style=\"left: 69px; bottom: 805px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 532px; bottom: 805px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 619px; bottom: 805px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 705px; bottom: 805px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 792px; bottom: 805px; z-index: 15;\">2</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 794px; height: 312px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 794px; height: 312px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag547": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Insura<span class=\"_ _2\"></span>nc<span class=\"_ _0\"></span>e claim<span class=\"_ _2\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">and benefits</div>\n<div class=\"t m0 x2a3 h52 y1550 ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff39b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Life insurance<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 786px; z-index: 15;\">4,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 786px; z-index: 15;\">4,897<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Non<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">life insurance<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x17 h52 y5f9 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 771px; z-index: 15;\">2,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 771px; z-index: 15;\">2,578<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">General account and e<span class=\"_ _0\"></span>liminations<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y60e ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 756px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y60e ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 756px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff39b fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Total insurance claims and benefits, net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 741px; z-index: 15;\">7,484<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f9 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 741px; z-index: 15;\">7,471<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17e1 ff399 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e42 ff399 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff399 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 694px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y60e ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 694px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y60e ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 694px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff39b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 679px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 664px; z-index: 15;\">Benefits and surrenders, gros<span class=\"_ _0\"></span>s<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 664px; z-index: 15;\">5,096<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f7 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 664px; z-index: 15;\">4,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 649px; z-index: 15;\">Change in liabilities arising<span class=\"_ _0\"></span> from insurance and invest<span class=\"_ _0\"></span>ment contracts, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 649px; z-index: 15;\">(274)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5fc ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 649px; z-index: 15;\">109<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff39b fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 634px; z-index: 15;\">Total Li<span class=\"_ _2b\"></span>fe insurance<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>cla<span class=\"_ _2b\"></span>ims and benef<span class=\"_ _0\"></span>its, gr<span class=\"_ _0\"></span>oss<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 634px; z-index: 15;\">4,822<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 634px; z-index: 15;\">4,914<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 619px; z-index: 15;\">Reinsurers' share of cl<span class=\"_ _0\"></span>aims and benefits<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 619px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5ff ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 619px; z-index: 15;\">(17)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff39b fs3c fcb sc0 lsec wsf3\" style=\"left: 69px; bottom: 604px; z-index: 15;\">Total<span class=\"_ _2\"></span> Life in<span class=\"_ _2\"></span>surance <span class=\"_ _2\"></span>claims an<span class=\"_ _2\"></span>d benefi<span class=\"_ _2\"></span>ts, net<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 604px; z-index: 15;\">4,805<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y601 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 604px; z-index: 15;\">4,897<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1e92 ff399 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1e93 ff399 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff399 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 557px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y603 ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 557px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y603 ff399 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 557px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff39b fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff399 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 542px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff399 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 527px; z-index: 15;\">Claims paid, gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 527px; z-index: 15;\">2,705<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y603 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 527px; z-index: 15;\">2,547<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 512px; z-index: 15;\">Change in liabilities arising<span class=\"_ _0\"></span> from insurance contracts,<span class=\"_ _0\"></span> gross<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 512px; z-index: 15;\">208<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y608 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 512px; z-index: 15;\">300<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f4 ff39b fs3c fcb sc0 lsee ws15e\" style=\"left: 69px; bottom: 497px; z-index: 15;\">Total Non<span class=\"ls0 ws0\">-<span class=\"lse7\">life ins<span class=\"_ _0\"></span>urance<span class=\"_ _0\"></span> claims<span class=\"_ _2b\"></span> and benef<span class=\"_ _2b\"></span>its, gross<span class=\"ls0\"> </span></span></span></div>\n<div class=\"t m0 x17 h54 y5f4 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 497px; z-index: 15;\">2,913<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f4 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 497px; z-index: 15;\">2,847<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 482px; z-index: 15;\">Reinsurers' share of cl<span class=\"_ _0\"></span>aims paid<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 482px; z-index: 15;\">(191)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f2 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 482px; z-index: 15;\">(193)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 468px; z-index: 15;\">Reinsurers' share of ch<span class=\"_ _0\"></span>ange in liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 468px; z-index: 15;\">(41)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f4 ff399 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 468px; z-index: 15;\">(76)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f2 ff39b fs3c fcb sc0 lsee ws15e\" style=\"left: 69px; bottom: 453px; z-index: 15;\">Total Non<span class=\"ls0 ws0\">-<span class=\"lse7\">life ins<span class=\"_ _0\"></span>urance<span class=\"_ _0\"></span> claims<span class=\"_ _2b\"></span> and benef<span class=\"_ _2b\"></span>its, net<span class=\"ls0\"> </span></span></span></div>\n<div class=\"t m0 x17 h54 y5f2 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 453px; z-index: 15;\">2,681<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5f2 ff39b fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 453px; z-index: 15;\">2,578<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 442px; height: 519px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 442px; height: 519px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfClaimsAndBenefitsPaidExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag546": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>in<span class=\"_ _2\"></span>ancing</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls1 ws1\" style=\"z-index: 15;\">costs</div>\n<div class=\"t m0 x2a3 h52 y1550 ff39e fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff39e fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 786px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 786px; z-index: 15;\">85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Lease liability<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Borrowings from banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 741px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff3a0 fs3c fcb sc0 lsec ws100\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total<span class=\"_ _2\"></span> financin<span class=\"_ _2\"></span>g costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff3a0 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff3a0 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 701px; height: 260px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 701px; height: 260px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 701px; height: 260px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 701px; height: 260px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag544": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>in<span class=\"_ _2\"></span>ancing</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls1 ws1\" style=\"z-index: 15;\">costs</div>\n<div class=\"t m0 x2a3 h52 y1550 ff39e fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff39e fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 786px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 786px; z-index: 15;\">85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Lease liability<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Borrowings from banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 741px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff3a0 fs3c fcb sc0 lsec ws100\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total<span class=\"_ _2\"></span> financin<span class=\"_ _2\"></span>g costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff3a0 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff3a0 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 701px; height: 260px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 701px; height: 260px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 701px; height: 260px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Cha<span class=\"_ _2\"></span>nge in</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">impairments</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3a3 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3a3 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Investments in equity securitie<span class=\"_ _0\"></span>s and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 786px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3a3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Investments in debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 756px; z-index: 15;\">4</div>\n<div class=\"t m0 x78 h52 y60e ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 741px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f7 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3a3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Reinsurance and other <span class=\"wsf4\">receivables<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5fc ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 712px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y5fc ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 712px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y601 ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y601 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 697px; z-index: 15;\">2</div>\n<div class=\"t m0 x78 h52 y601 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5fc ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">1</div>\n<div class=\"t m0 xb8 h52 y5fc ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y601 ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 xb8 h52 y601 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 667px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y180c ff3a5 fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Total c<span class=\"_ _2b\"></span>hange in im<span class=\"_ _2b\"></span>pairments<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x107 h54 y180c ff3a5 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y180c ff3a5 fs3c fcb sc0 lse4 wsf4\" style=\"left: 786px; bottom: 652px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17eb ff3a3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ec ff3a3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ed ff3a3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An impairment<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">loss</span> <span class=\"lse0 wsf0\">of EUR 2<span class=\"ls102 ws115\">9 million<span class=\"_ _2\"></span></span></span> <span class=\"lse0 wsfa\">was r<span class=\"_ _0\"></span>ecorde<span class=\"_ _0\"></span>d in the l<span class=\"_ _0\"></span>ine \u201c<span class=\"ls0 ws0\">E</span><span class=\"lse2\">quity a</span>ccounted i<span class=\"_ _2b\"></span>nvestments<span class=\"lse2 wsf1\">\u201d, </span><span class=\"wsf0\">relati<span class=\"_ _0\"></span>ng to the int<span class=\"_ _0\"></span>erest in <span class=\"lse2 wsfa\">Royal Sundaram Genera<span class=\"_ _2\"></span>l </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y17ee ff3a3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Insurance Company Li<span class=\"_ _2\"></span>mited<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 579px; height: 382px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Fe<span class=\"_ _0\"></span>e and  </div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">commiss<span class=\"_ _2\"></span>ion e<span class=\"_ _1\"></span>xpen<span class=\"_ _2\"></span>ses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3a8 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3a8 fs3c fcb sc0 ls0 ws0\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2<span class=\"lse4 wsf4\">021</span> </div>\n<div class=\"t m0 x14d h52 y608 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f4 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 786px; z-index: 15;\">2</div>\n<div class=\"t m0 xb8 h52 y5f4 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 786px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y5f9 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Intermediaries<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 771px; z-index: 15;\">1,087<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f9 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 771px; z-index: 15;\">1,154<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3a8 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Asset management fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 756px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y60e ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 756px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5f9 ff3a8 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Custodian fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">5</div>\n<div class=\"t m0 xb8 h52 y5f9 ff3a8 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 741px; z-index: 15;\">6</div>\n<div class=\"t m0 x14d h52 y5f7 ff3a8 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other fee and commission<span class=\"_ _0\"></span> expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">40<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3a8 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">43<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff3aa fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total f<span class=\"_ _0\"></span>ee an<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>missio<span class=\"_ _0\"></span>n expe<span class=\"_ _0\"></span>nses<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff3aa fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 712px; z-index: 15;\">1,138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y5fc ff3aa fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 712px; z-index: 15;\">1,213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 701px; height: 260px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">Staff<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"_ _2b\"></span>xpenses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3ad fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3ad fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff3af fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Salaries and wages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">653<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">590<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Social security charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">129<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Pension expenses relating to defined benefit pension plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Defined contribution plan expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">9</div>\n<div class=\"t m0 xd2 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Share<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">based compensation<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 727px; z-index: 15;\">3</div>\n<div class=\"t m0 xb8 h52 y5f7 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 727px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff3af fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff3af fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 697px; z-index: 15;\">922<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff3af fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">852<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c9e ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c9f ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca0 ff3ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The line<span class=\"_ _2\"></span> item \u2018Other\u2019 includ<span class=\"_ _2\"></span>es mainly other <span class=\"_ _2\"></span>short<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term empl<span class=\"_ _2b\"></span>oyee </span></span></div>\n<div class=\"t m0 x7 h4f y1ca1 ff3ad fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1ca2 ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1eb1 ff3ad fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Note <span class=\"ls0 ws0\">6 </span>section <span class=\"ls0 ws0\">6<span class=\"lse2 wsfa\">.1 Employee be<span class=\"_ _2\"></span>nefits contains <span class=\"_ _2\"></span>further details of p<span class=\"_ _2\"></span>ost</span>-</span></div>\n<div class=\"t m0 x1a h4f y1eb2 ff3ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">employment <span class=\"_ _2\"></span>benefits and other<span class=\"_ _2\"></span> long<span class=\"ls0 ws0\">-</span>term emplo<span class=\"_ _2\"></span>yee benefits, includi<span class=\"_ _2\"></span>ng</div>\n<div class=\"t m0 x1a h4f y1eb3 ff3ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension co<span class=\"_ _2b\"></span>sts<span class=\"ls0 ws0\"> </span>related to defi<span class=\"_ _0\"></span>ned benef<span class=\"_ _0\"></span>it plans an<span class=\"_ _0\"></span>d defined cont<span class=\"_ _2b\"></span>ribution</div>\n<div class=\"t m0 x1a h4f y1eb4 ff3ad fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">plan<span class=\"lsf4 ws10c\">s. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 592px; height: 369px; width: 88%; z-index: 5;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"_ _2b\"></span>xpenses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3b2 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3b2 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff3b4 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Depreciation on tangible assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y5f4 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Buildings held for own <span class=\"_ _0\"></span>use and car parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Leasehold improvements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 756px; z-index: 15;\">6</div>\n<div class=\"t m0 xb8 h52 y60e ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 756px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff3b4 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Amortisation of intangibl<span class=\"_ _2\"></span>e assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Purchased software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Internally developed <span class=\"lsec wsfe\">softwar<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y601 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 667px; z-index: 15;\">8</div>\n<div class=\"t m0 xb8 h52 y601 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 667px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Value of business acq<span class=\"_ _0\"></span>uired (VOBA)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 652px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 652px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other intangible assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff3b4 fs3c fcb sc0 lse7 ws109\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Other<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Other rental expenses and related expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 593px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 593px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Variable Lease Payments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 578px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 578px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Operating and other dir<span class=\"_ _0\"></span>ect expenses relating to in<span class=\"_ _0\"></span>vestment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 563px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 563px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Operating and other dir<span class=\"_ _0\"></span>ect expenses relating to pr<span class=\"_ _0\"></span>operty for own use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 548px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 548px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Professional fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 534px; z-index: 15;\">144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 534px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 519px; z-index: 15;\">Capi<span class=\"_ _2\"></span>talised d<span class=\"_ _2\"></span>eferred ac<span class=\"_ _2\"></span>quisit<span class=\"_ _2\"></span>ion costs<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 519px; z-index: 15;\">(353)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 519px; z-index: 15;\">(416)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 504px; z-index: 15;\">Depreciation deferred acquisition costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 504px; z-index: 15;\">375<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 504px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 489px; z-index: 15;\">Marketing and public relation<span class=\"_ _0\"></span>s costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 489px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 489px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 474px; z-index: 15;\">Information technology costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 474px; z-index: 15;\">213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 474px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 459px; z-index: 15;\">Maintenance and repair e<span class=\"_ _0\"></span>xpenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 459px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 459px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 444px; z-index: 15;\">Cost of sale of prope<span class=\"_ _0\"></span>rty intended for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 444px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 444px; z-index: 15;\">116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 430px; z-index: 15;\">307<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 430px; z-index: 15;\">290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff3b4 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 415px; z-index: 15;\">Total ot<span class=\"_ _2b\"></span>her expenses<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff3b4 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 415px; z-index: 15;\">1,412<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff3b4 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 415px; z-index: 15;\">1,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 404px; height: 421px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1ebe ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ebf ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ec0 ff3b2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas\u2019s car par<span class=\"_ _2\"></span>k operator <span class=\"wsf1\">Interparking <span class=\"_ _2\"></span></span>has arrangements whereby a<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y1ec1 ff3b2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">variabl<span class=\"_ _0\"></span>e lease i<span class=\"_ _0\"></span>s paid f<span class=\"_ _0\"></span>or car p<span class=\"_ _0\"></span>arks. <span class=\"ls0 ws0\">V</span>ari<span class=\"_ _0\"></span>able leas<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">expense</span> </span><span class=\"lse2\">is hi<span class=\"_ _2\"></span>gher in </span></div>\n<div class=\"t m0 x7 h4f y1ec2 ff3b2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">2022 following<span class=\"_ _2\"></span> the recovery from the impact<span class=\"_ _2\"></span> of <span class=\"lse0 wsfa\">th<span class=\"_ _0\"></span>e Covid<span class=\"ls0 ws0\">-</span><span class=\"lse2\">19 pandemic.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1ec3 ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1ec4 ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse0 wsfa\">he line </span><span class=\"lsfc\">item \u2018<span class=\"lse2 wsfa\">Opera<span class=\"_ _2\"></span>ting and other d<span class=\"_ _2\"></span>irect exp<span class=\"lse0 wsf0\">enses relat<span class=\"_ _2b\"></span>ing to </span></span></span></div>\n<div class=\"t m0 x1a h4f y1ec5 ff3b2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment proper<span class=\"_ _2\"></span>ty<span class=\"ls106 ws124\">\u2019 </span>is partly <span class=\"lse0 wsef\">offset<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">by incom<span class=\"_ _2b\"></span>e accounts as report<span class=\"_ _0\"></span>ed in </span></span></div>\n<div class=\"t m0 x1a h4f y1ec6 ff3b2 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">note <span class=\"lse2 wsf1\">35<span class=\"ls0 ws0\"> </span><span class=\"ws103\">Other Income<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 313px; height: 648px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 313px; height: 648px; width: 92%; z-index: 3;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 x7 h6a y79c ff3b9 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">41.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff3b9 fs46 fcf sc0 ls10c ws12f\" style=\"z-index: 15;\">Audi<span class=\"_ _2\"></span>t fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff3b7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"lse2 wsf1\">or 2<span class=\"_ _2\"></span>022</span> <span class=\"lse2 wsf1\">and <span class=\"ws103\">2021, the<span class=\"_ _2\"></span>se fees</span></span> <span class=\"lse0 wsfa\">can be br<span class=\"_ _0\"></span>oken dow<span class=\"_ _2b\"></span>n into the foll<span class=\"_ _0\"></span>owing co<span class=\"_ _2b\"></span>mponents:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse0 wsfa\">audit fees, w<span class=\"_ _0\"></span>hich in<span class=\"_ _0\"></span>clude fee<span class=\"_ _2b\"></span>s for auditing t<span class=\"_ _2b\"></span>he statutory,<span class=\"_ _0\"></span> consoli<span class=\"_ _0\"></span>dated f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al state<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>nd the r<span class=\"_ _0\"></span>eview of<span class=\"_ _0\"></span> the int<span class=\"_ _0\"></span>erim fi<span class=\"wsf0\">n<span class=\"_ _0\"></span>ancial stat<span class=\"_ _2b\"></span>ements;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y7a0 ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse2 wsf1\">a<span class=\"_ _2\"></span>udit</span><span class=\"ff3b7\">-<span class=\"lse2 ws103\">related fees<span class=\"_ _2\"></span>, which include fees for work per<span class=\"_ _2\"></span>formed on</span> <span class=\"lse2 wsfa\">prospectuse<span class=\"_ _2\"></span>s, non</span>-<span class=\"lse0 wsf0\">standard a<span class=\"_ _2b\"></span>uditing and adviso<span class=\"_ _2b\"></span>ry services not re<span class=\"_ _0\"></span>lated to st<span class=\"_ _0\"></span>atutory </span></span></span></div>\n<div class=\"t m0 x43 h4f y7a1 ff3b7 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">auditing;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya7f ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse0 wsfa\">fees for tax a<span class=\"_ _0\"></span>dvice;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div></div>\n<div class=\"t m0 x7 h4f ya80 ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse2 wsfa\">o<span class=\"_ _2\"></span>ther non</span><span class=\"ff3b7\">-<span class=\"lse2 wsfa\">audi<span class=\"_ _2\"></span>t fees, which inclu<span class=\"_ _2\"></span>de fees for suppo<span class=\"_ _2\"></span>rt and advice.</span> </span></span></div>\n<div class=\"t m0 x15e h52 y5ff ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 939px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x15e h52 y5ff ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 777px; bottom: 939px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 511px; bottom: 924px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff3b7 fs3c fcb sc0 lsec wsfe\" style=\"left: 501px; bottom: 909px; z-index: 15;\">Stat<span class=\"_ _2\"></span>utory<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 504px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 601px; bottom: 924px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 598px; bottom: 909px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 591px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 684px; bottom: 924px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff3b7 fs3c fcb sc0 lsec wsfe\" style=\"left: 674px; bottom: 909px; z-index: 15;\">Stat<span class=\"_ _2\"></span>utory<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 677px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 924px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 771px; bottom: 909px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 764px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya81 ff3b7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 536px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 709px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 924px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 909px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff3b7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 864px; z-index: 15;\">Audit fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 864px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 864px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 864px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 864px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f4 ff3b7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 849px; z-index: 15;\">Audit<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">related fees<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x44 h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 849px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 849px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff3b7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 834px; z-index: 15;\">Tax fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff3b7 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 819px; z-index: 15;\">Other non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">audit fees<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff3bc fs3c fcb sc0 lsec wsfe\" style=\"left: 69px; bottom: 805px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 532px; bottom: 805px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 619px; bottom: 805px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 705px; bottom: 805px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 792px; bottom: 805px; z-index: 15;\">2</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 794px; height: 312px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 794px; height: 312px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 794px; height: 312px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">ta<span class=\"_ _2\"></span>x e<span class=\"_ _2b\"></span>xpen<span class=\"_ _2\"></span>ses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3bd fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3bd fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Current tax expenses for the current period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Adjustments recognised in <span class=\"_ _0\"></span>the period for current t<span class=\"_ _0\"></span>ax of prior periods<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 771px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 771px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff3bf fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Total current tax exp<span class=\"_ _0\"></span>enses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Deferred tax arising from the current period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 727px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Impact of changes in tax <span class=\"wsf3\">rates on deferred taxes<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x145 h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 712px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff3bd fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Deferred <span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ax a<span class=\"_ _2b\"></span>rising from the<span class=\"_ _2b\"></span> write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">down or (reversal)</span> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 682px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">of a deferred tax asset</span> </div>\n<div class=\"t m0 x78 h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Previously unrecognised tax losses, tax credits and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y180c ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">temporary differences reducing deferred <span class=\"_ _0\"></span>tax expense<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y180c ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 652px; z-index: 15;\">3</div>\n<div class=\"t m0 x78 h52 y180c ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff3bf fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Total deferred tax expenses (income)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y608 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h54 y608 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 779px; bottom: 637px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff3bd fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3bd fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3bd fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff3bf fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Total income tax expenses (income)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 608px; z-index: 15;\">229<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 608px; z-index: 15;\">215<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1eda ff3bd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1edb ff3bd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1edc ff3bd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Below is a rec<span class=\"_ _0\"></span>oncili<span class=\"_ _0\"></span>ation fro<span class=\"_ _0\"></span>m expecte<span class=\"_ _0\"></span>d to actual inc<span class=\"_ _2b\"></span>ome tax expense.</div>\n<div class=\"t m0 x7 h4f y1edd ff3bd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Given the financ<span class=\"_ _2\"></span>ial reporting consolidati<span class=\"_ _2\"></span>on at the Belgian top holdi<span class=\"_ _2\"></span>ng</div>\n<div class=\"t m0 x7 h4f y1ede ff3bd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">company <span class=\"ls0 ws0\">A<span class=\"_ _2\"></span><span class=\"lse0 wsef\">geas </span></span><span class=\"ws103\">SA/NV, the Group tax rate is<span class=\"_ _2\"></span> determined at the </span></div>\n<div class=\"t m0 x7 h4f y1edf ff3bd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">prevail<span class=\"_ _0\"></span>ing corpo<span class=\"_ _0\"></span>rate inc<span class=\"_ _0\"></span>ome tax rate i<span class=\"_ _2b\"></span>n Belgium. Devia<span class=\"lse2 ws103\">tions between </span></div>\n<div class=\"t m0 x1a h4f y1ee0 ff3bd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d and actu<span class=\"_ _0\"></span>al income t<span class=\"_ _0\"></span>ax expense in t<span class=\"_ _0\"></span>he various<span class=\"_ _0\"></span> jurisdi<span class=\"_ _0\"></span>ctions in</div>\n<div class=\"t m0 x1a h4f y1ee1 ff3bd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which the A<span class=\"_ _0\"></span>geas Grou<span class=\"_ _0\"></span>p operates r<span class=\"_ _2b\"></span>esulting from loc<span class=\"_ _0\"></span>al tax laws an<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x1a h4f y1ee2 ff3bd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ions, a<span class=\"_ _0\"></span>re stat<span class=\"_ _0\"></span>ed at loc<span class=\"_ _2b\"></span>al tax rates app<span class=\"_ _0\"></span>licable <span class=\"_ _0\"></span>in suc<span class=\"_ _0\"></span>h jurisd<span class=\"_ _0\"></span>ictions</div>\n<div class=\"t m0 x1a h4f y1ee3 ff3bd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and can <span class=\"_ _0\"></span>be broke<span class=\"_ _0\"></span>n down i<span class=\"_ _0\"></span>nto th<span class=\"lse2\">e categories depicted<span class=\"_ _2\"></span> below.</span></div>\n<div class=\"t m0 x7 h4f y1ee4 ff3bd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ee5 ff3bd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3bd fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 466px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5f4 ff3bd fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 466px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f4 ff3bd fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 466px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 451px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 451px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 451px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 436px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 436px; z-index: 15;\">1,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 436px; z-index: 15;\">1,231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 421px; z-index: 15;\">Applicable group tax rate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe6 h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 421px; z-index: 15;\">25.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe6 h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 421px; z-index: 15;\">25.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 406px; z-index: 15;\">Expected income tax expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 406px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 406px; z-index: 15;\">308<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff3bf fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 391px; z-index: 15;\">Increase (decrease) against local tax rates resulting<span class=\"_ _0\"></span> from:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y5f9 ff3bf fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 391px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff3bf fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 391px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff3bd fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 376px; z-index: 15;\">Tax ex<span class=\"_ _2\"></span>empt incom<span class=\"_ _2\"></span>e <span class=\"lse4 wsf3\">(including dividend and<span class=\"_ _0\"></span> capital gains)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x145 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 376px; z-index: 15;\">(72)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 376px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 361px; z-index: 15;\">Share in net result of<span class=\"_ _0\"></span> associates and joint ven<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 361px; z-index: 15;\">(62)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 361px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3bd fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 347px; z-index: 15;\">Disallowed items<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 347px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 347px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 332px; z-index: 15;\">Previously unrecognised tax lo<span class=\"_ _0\"></span>sses and temporary differenc<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 332px; z-index: 15;\">(24)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 332px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff3bd fs3c fc14 sc0 lsee ws166\" style=\"left: 69px; bottom: 317px; z-index: 15;\">Write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">down and reversal of write</span>-<span class=\"lsef ws102\">down of <span class=\"lse4 wsf6\">deferred tax assets,</span></span> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 317px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 317px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 302px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">including current year tax</span>-<span class=\"lse4 wsf3\">losses deemed non</span>-<span class=\"lse4 wsf4\">recoverable</span> </div>\n<div class=\"t m0 xb8 h52 y5ff ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 302px; z-index: 15;\">4</div>\n<div class=\"t m0 xd2 h52 y5ff ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 302px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 287px; z-index: 15;\">Impact of changes in tax rates on temporary differences<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 287px; z-index: 15;\"> </div>\n<div class=\"t m0 x145 h52 y601 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 287px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 272px; z-index: 15;\">Foreign tax rate differential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y603 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 272px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 272px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 257px; z-index: 15;\">Adjustments for current and<span class=\"_ _2b\"></span> deferred tax of previous years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 257px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 257px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y1550 ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 243px; z-index: 15;\">Deferred tax on investmen<span class=\"_ _0\"></span>ts in subsidiaries, associates <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y1550 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 243px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y1550 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 243px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 228px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">and joint ventures</span> </div>\n<div class=\"t m0 xd2 h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 228px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 228px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 213px; z-index: 15;\">Local income taxes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 213px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 213px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 198px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">(state/city/cantonal/communal taxes)</span> </div>\n<div class=\"t m0 x78 h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 198px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 198px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 183px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 183px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 183px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff3bf fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 168px; z-index: 15;\">Actua<span class=\"_ _0\"></span>l income<span class=\"_ _0\"></span> tax expe<span class=\"_ _2b\"></span>nses (incom<span class=\"_ _0\"></span>e)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 168px; z-index: 15;\">229<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 168px; z-index: 15;\">215<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 157px; height: 804px; width: 92%; z-index: 3;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag543": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"_ _2b\"></span>in<span class=\"_ _2\"></span>ancing</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls1 ws1\" style=\"z-index: 15;\">costs</div>\n<div class=\"t m0 x2a3 h52 y1550 ff39e fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff39e fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Subordinated liabilities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 786px; z-index: 15;\">87<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 786px; z-index: 15;\">85<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Lease liability<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 771px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 771px; z-index: 15;\">17<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff39e fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Borrowings from banks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">27<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Derivatives<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff39e fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 741px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">20<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff39e fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5fc ff3a0 fs3c fcb sc0 lsec ws100\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Total<span class=\"_ _2\"></span> financin<span class=\"_ _2\"></span>g costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff3a0 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 712px; z-index: 15;\">187<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5fc ff3a0 fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 712px; z-index: 15;\">138<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 701px; height: 260px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 701px; height: 260px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag548": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Cha<span class=\"_ _2\"></span>nge in</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">impairments</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3a3 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3a3 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Investments in equity securitie<span class=\"_ _0\"></span>s and other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">128<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 786px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3a3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Investments in debt securities<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 771px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 756px; z-index: 15;\">4</div>\n<div class=\"t m0 x78 h52 y60e ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 756px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Loans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 741px; z-index: 15;\">(1)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f9 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Equity accounted investments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3a3 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">29<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f7 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 727px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3a3 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Reinsurance and other <span class=\"wsf4\">receivables<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5fc ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 712px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y5fc ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 712px; z-index: 15;\">3</div>\n<div class=\"t m0 x14d h52 y601 ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Property, plant and eq<span class=\"_ _0\"></span>uipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y601 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 697px; z-index: 15;\">2</div>\n<div class=\"t m0 x78 h52 y601 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Goodwill and other intangible <span class=\"_ _2b\"></span>as<span class=\"_ _2\"></span>sets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5fc ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">1</div>\n<div class=\"t m0 xb8 h52 y5fc ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y601 ff3a3 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Accrued interest and ot<span class=\"_ _0\"></span>her assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 xb8 h52 y601 ff3a3 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 667px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h54 y180c ff3a5 fs3c fcb sc0 lse7 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Total c<span class=\"_ _2b\"></span>hange in im<span class=\"_ _2b\"></span>pairments<span class=\"ls0\"> </span></div>\n<div class=\"t m0 x107 h54 y180c ff3a5 fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 652px; z-index: 15;\">167<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y180c ff3a5 fs3c fcb sc0 lse4 wsf4\" style=\"left: 786px; bottom: 652px; z-index: 15;\">41<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y17eb ff3a3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ec ff3a3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y17ed ff3a3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">An impairment<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">loss</span> <span class=\"lse0 wsf0\">of EUR 2<span class=\"ls102 ws115\">9 million<span class=\"_ _2\"></span></span></span> <span class=\"lse0 wsfa\">was r<span class=\"_ _0\"></span>ecorde<span class=\"_ _0\"></span>d in the l<span class=\"_ _0\"></span>ine \u201c<span class=\"ls0 ws0\">E</span><span class=\"lse2\">quity a</span>ccounted i<span class=\"_ _2b\"></span>nvestments<span class=\"lse2 wsf1\">\u201d, </span><span class=\"wsf0\">relati<span class=\"_ _0\"></span>ng to the int<span class=\"_ _0\"></span>erest in <span class=\"lse2 wsfa\">Royal Sundaram Genera<span class=\"_ _2\"></span>l </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y17ee ff3a3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Insurance Company Li<span class=\"_ _2\"></span>mited<span class=\"ls0 ws0\">. </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 579px; height: 382px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 579px; height: 382px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag549": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls25 ws29\" style=\"z-index: 15;\">Staff<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"_ _2b\"></span>xpenses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3ad fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3ad fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y608 ff3af fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Salaries and wages<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">653<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">590<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Social security charges<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">143<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">129<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Pension expenses relating to defined benefit pension plans<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 756px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y60e ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 756px; z-index: 15;\">57<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Defined contribution plan expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5f9 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 741px; z-index: 15;\">9</div>\n<div class=\"t m0 xd2 h52 y5f9 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Share<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">based compensation<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y5f7 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 727px; z-index: 15;\">3</div>\n<div class=\"t m0 xb8 h52 y5f7 ff3ad fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 727px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 712px; z-index: 15;\">63<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3ad fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 712px; z-index: 15;\">58<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y601 ff3af fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Total staff expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff3af fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 697px; z-index: 15;\">922<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y601 ff3af fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 697px; z-index: 15;\">852<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1c9e ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1c9f ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ca0 ff3ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The line<span class=\"_ _2\"></span> item \u2018Other\u2019 includ<span class=\"_ _2\"></span>es mainly other <span class=\"_ _2\"></span>short<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">term empl<span class=\"_ _2b\"></span>oyee </span></span></div>\n<div class=\"t m0 x7 h4f y1ca1 ff3ad fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">benefits.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1ca2 ff3ad fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1eb1 ff3ad fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">Note <span class=\"ls0 ws0\">6 </span>section <span class=\"ls0 ws0\">6<span class=\"lse2 wsfa\">.1 Employee be<span class=\"_ _2\"></span>nefits contains <span class=\"_ _2\"></span>further details of p<span class=\"_ _2\"></span>ost</span>-</span></div>\n<div class=\"t m0 x1a h4f y1eb2 ff3ad fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">employment <span class=\"_ _2\"></span>benefits and other<span class=\"_ _2\"></span> long<span class=\"ls0 ws0\">-</span>term emplo<span class=\"_ _2\"></span>yee benefits, includi<span class=\"_ _2\"></span>ng</div>\n<div class=\"t m0 x1a h4f y1eb3 ff3ad fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">pension co<span class=\"_ _2b\"></span>sts<span class=\"ls0 ws0\"> </span>related to defi<span class=\"_ _0\"></span>ned benef<span class=\"_ _0\"></span>it plans an<span class=\"_ _0\"></span>d defined cont<span class=\"_ _2b\"></span>ribution</div>\n<div class=\"t m0 x1a h4f y1eb4 ff3ad fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">plan<span class=\"lsf4 ws10c\">s. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 592px; height: 369px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 592px; height: 369px; width: 90%; z-index: 4;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag542": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"_ _2b\"></span>xpenses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3b2 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3b2 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff3b4 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Depreciation on tangible assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y5f4 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Buildings held for own <span class=\"_ _0\"></span>use and car parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Leasehold improvements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 756px; z-index: 15;\">6</div>\n<div class=\"t m0 xb8 h52 y60e ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 756px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff3b4 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Amortisation of intangibl<span class=\"_ _2\"></span>e assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Purchased software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Internally developed <span class=\"lsec wsfe\">softwar<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y601 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 667px; z-index: 15;\">8</div>\n<div class=\"t m0 xb8 h52 y601 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 667px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Value of business acq<span class=\"_ _0\"></span>uired (VOBA)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 652px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 652px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other intangible assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff3b4 fs3c fcb sc0 lse7 ws109\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Other<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Other rental expenses and related expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 593px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 593px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Variable Lease Payments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 578px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 578px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Operating and other dir<span class=\"_ _0\"></span>ect expenses relating to in<span class=\"_ _0\"></span>vestment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 563px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 563px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Operating and other dir<span class=\"_ _0\"></span>ect expenses relating to pr<span class=\"_ _0\"></span>operty for own use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 548px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 548px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Professional fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 534px; z-index: 15;\">144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 534px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 519px; z-index: 15;\">Capi<span class=\"_ _2\"></span>talised d<span class=\"_ _2\"></span>eferred ac<span class=\"_ _2\"></span>quisit<span class=\"_ _2\"></span>ion costs<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 519px; z-index: 15;\">(353)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 519px; z-index: 15;\">(416)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 504px; z-index: 15;\">Depreciation deferred acquisition costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 504px; z-index: 15;\">375<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 504px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 489px; z-index: 15;\">Marketing and public relation<span class=\"_ _0\"></span>s costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 489px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 489px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 474px; z-index: 15;\">Information technology costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 474px; z-index: 15;\">213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 474px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 459px; z-index: 15;\">Maintenance and repair e<span class=\"_ _0\"></span>xpenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 459px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 459px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 444px; z-index: 15;\">Cost of sale of prope<span class=\"_ _0\"></span>rty intended for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 444px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 444px; z-index: 15;\">116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 430px; z-index: 15;\">307<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 430px; z-index: 15;\">290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff3b4 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 415px; z-index: 15;\">Total ot<span class=\"_ _2b\"></span>her expenses<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff3b4 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 415px; z-index: 15;\">1,412<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff3b4 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 415px; z-index: 15;\">1,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 404px; height: 421px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t m0 x7 h4f y1ebe ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ebf ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ec0 ff3b2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Ageas\u2019s car par<span class=\"_ _2\"></span>k operator <span class=\"wsf1\">Interparking <span class=\"_ _2\"></span></span>has arrangements whereby a<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x7 h4f y1ec1 ff3b2 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">variabl<span class=\"_ _0\"></span>e lease i<span class=\"_ _0\"></span>s paid f<span class=\"_ _0\"></span>or car p<span class=\"_ _0\"></span>arks. <span class=\"ls0 ws0\">V</span>ari<span class=\"_ _0\"></span>able leas<span class=\"_ _2b\"></span>e<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse2 wsf1\">expense</span> </span><span class=\"lse2\">is hi<span class=\"_ _2\"></span>gher in </span></div>\n<div class=\"t m0 x7 h4f y1ec2 ff3b2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">2022 following<span class=\"_ _2\"></span> the recovery from the impact<span class=\"_ _2\"></span> of <span class=\"lse0 wsfa\">th<span class=\"_ _0\"></span>e Covid<span class=\"ls0 ws0\">-</span><span class=\"lse2\">19 pandemic.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h4f y1ec3 ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1ec4 ff3b2 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse0 wsfa\">he line </span><span class=\"lsfc\">item \u2018<span class=\"lse2 wsfa\">Opera<span class=\"_ _2\"></span>ting and other d<span class=\"_ _2\"></span>irect exp<span class=\"lse0 wsf0\">enses relat<span class=\"_ _2b\"></span>ing to </span></span></span></div>\n<div class=\"t m0 x1a h4f y1ec5 ff3b2 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">investment proper<span class=\"_ _2\"></span>ty<span class=\"ls106 ws124\">\u2019 </span>is partly <span class=\"lse0 wsef\">offset<span class=\"ls0 ws0\"> </span><span class=\"wsf0\">by incom<span class=\"_ _2b\"></span>e accounts as report<span class=\"_ _0\"></span>ed in </span></span></div>\n<div class=\"t m0 x1a h4f y1ec6 ff3b2 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">note <span class=\"lse2 wsf1\">35<span class=\"ls0 ws0\"> </span><span class=\"ws103\">Other Income<span class=\"_ _2\"></span>. <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 313px; height: 648px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 313px; height: 648px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 313px; height: 648px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div></div>\n<div class=\"t m0 x7 h6a y79c ff3b9 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">41.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff3b9 fs46 fcf sc0 ls10c ws12f\" style=\"z-index: 15;\">Audi<span class=\"_ _2\"></span>t fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff3b7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"lse2 wsf1\">or 2<span class=\"_ _2\"></span>022</span> <span class=\"lse2 wsf1\">and <span class=\"ws103\">2021, the<span class=\"_ _2\"></span>se fees</span></span> <span class=\"lse0 wsfa\">can be br<span class=\"_ _0\"></span>oken dow<span class=\"_ _2b\"></span>n into the foll<span class=\"_ _0\"></span>owing co<span class=\"_ _2b\"></span>mponents:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse0 wsfa\">audit fees, w<span class=\"_ _0\"></span>hich in<span class=\"_ _0\"></span>clude fee<span class=\"_ _2b\"></span>s for auditing t<span class=\"_ _2b\"></span>he statutory,<span class=\"_ _0\"></span> consoli<span class=\"_ _0\"></span>dated f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al state<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>nd the r<span class=\"_ _0\"></span>eview of<span class=\"_ _0\"></span> the int<span class=\"_ _0\"></span>erim fi<span class=\"wsf0\">n<span class=\"_ _0\"></span>ancial stat<span class=\"_ _2b\"></span>ements;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y7a0 ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse2 wsf1\">a<span class=\"_ _2\"></span>udit</span><span class=\"ff3b7\">-<span class=\"lse2 ws103\">related fees<span class=\"_ _2\"></span>, which include fees for work per<span class=\"_ _2\"></span>formed on</span> <span class=\"lse2 wsfa\">prospectuse<span class=\"_ _2\"></span>s, non</span>-<span class=\"lse0 wsf0\">standard a<span class=\"_ _2b\"></span>uditing and adviso<span class=\"_ _2b\"></span>ry services not re<span class=\"_ _0\"></span>lated to st<span class=\"_ _0\"></span>atutory </span></span></span></div>\n<div class=\"t m0 x43 h4f y7a1 ff3b7 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">auditing;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya7f ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse0 wsfa\">fees for tax a<span class=\"_ _0\"></span>dvice;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div></div>\n<div class=\"t m0 x7 h4f ya80 ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse2 wsfa\">o<span class=\"_ _2\"></span>ther non</span><span class=\"ff3b7\">-<span class=\"lse2 wsfa\">audi<span class=\"_ _2\"></span>t fees, which inclu<span class=\"_ _2\"></span>de fees for suppo<span class=\"_ _2\"></span>rt and advice.</span> </span></span></div>\n<div class=\"t m0 x15e h52 y5ff ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 939px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x15e h52 y5ff ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 777px; bottom: 939px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 511px; bottom: 924px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff3b7 fs3c fcb sc0 lsec wsfe\" style=\"left: 501px; bottom: 909px; z-index: 15;\">Stat<span class=\"_ _2\"></span>utory<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 504px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 601px; bottom: 924px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 598px; bottom: 909px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 591px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 684px; bottom: 924px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff3b7 fs3c fcb sc0 lsec wsfe\" style=\"left: 674px; bottom: 909px; z-index: 15;\">Stat<span class=\"_ _2\"></span>utory<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 677px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 924px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 771px; bottom: 909px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 764px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya81 ff3b7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 536px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 709px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 924px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 909px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff3b7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 864px; z-index: 15;\">Audit fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 864px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 864px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 864px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 864px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f4 ff3b7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 849px; z-index: 15;\">Audit<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">related fees<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x44 h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 849px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 849px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff3b7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 834px; z-index: 15;\">Tax fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff3b7 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 819px; z-index: 15;\">Other non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">audit fees<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff3bc fs3c fcb sc0 lsec wsfe\" style=\"left: 69px; bottom: 805px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 532px; bottom: 805px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 619px; bottom: 805px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 705px; bottom: 805px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 792px; bottom: 805px; z-index: 15;\">2</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 794px; height: 312px; width: 88%; z-index: 5;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 794px; height: 312px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 794px; height: 312px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 794px; height: 312px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag545": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">e<span class=\"_ _2b\"></span>xpenses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3b2 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3b2 fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y608 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5f4 ff3b4 fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Depreciation on tangible assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y5f4 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f4 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 786px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Buildings held for own <span class=\"_ _0\"></span>use and car parks<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 771px; z-index: 15;\">104<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 771px; z-index: 15;\">103<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Leasehold improvements<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y60e ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 756px; z-index: 15;\">6</div>\n<div class=\"t m0 xb8 h52 y60e ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 756px; z-index: 15;\">5</div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 741px; z-index: 15;\">Investment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 741px; z-index: 15;\">95<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 741px; z-index: 15;\">97<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Equipment<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">35<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 727px; z-index: 15;\">32<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y601 ff3b4 fs3c fcb sc0 lsee ws101\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Amortisation of intangibl<span class=\"_ _2\"></span>e assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y601 ff3b4 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 682px; z-index: 15;\">Purchased software<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xb8 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 682px; z-index: 15;\">4</div>\n<div class=\"t m0 xb8 h52 y5fc ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 682px; z-index: 15;\">7</div>\n<div class=\"t m0 x14d h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Internally developed <span class=\"lsec wsfe\">softwar<span class=\"_ _2\"></span>e<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y601 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 667px; z-index: 15;\">8</div>\n<div class=\"t m0 xb8 h52 y601 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 791px; bottom: 667px; z-index: 15;\">4</div>\n<div class=\"t m0 x14d h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 652px; z-index: 15;\">Value of business acq<span class=\"_ _0\"></span>uired (VOBA)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 652px; z-index: 15;\">14<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y180c ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 652px; z-index: 15;\">11<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Other intangible assets<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y608 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 637px; z-index: 15;\">30<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3b2 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff3b4 fs3c fcb sc0 lse7 ws109\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Other<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3b2 fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 608px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 593px; z-index: 15;\">Other rental expenses and related expenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 593px; z-index: 15;\">15<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y603 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 593px; z-index: 15;\">18<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 578px; z-index: 15;\">Variable Lease Payments<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 578px; z-index: 15;\">88<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 578px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 563px; z-index: 15;\">Operating and other dir<span class=\"_ _0\"></span>ect expenses relating to in<span class=\"_ _0\"></span>vestment property<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 563px; z-index: 15;\">52<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f4 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 563px; z-index: 15;\">51<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 548px; z-index: 15;\">Operating and other dir<span class=\"_ _0\"></span>ect expenses relating to pr<span class=\"_ _0\"></span>operty for own use<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 548px; z-index: 15;\">66<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 548px; z-index: 15;\">53<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 534px; z-index: 15;\">Professional fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 534px; z-index: 15;\">144<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 534px; z-index: 15;\">121<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3b2 fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 519px; z-index: 15;\">Capi<span class=\"_ _2\"></span>talised d<span class=\"_ _2\"></span>eferred ac<span class=\"_ _2\"></span>quisit<span class=\"_ _2\"></span>ion costs<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 603px; bottom: 519px; z-index: 15;\">(353)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5f9 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 519px; z-index: 15;\">(416)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 504px; z-index: 15;\">Depreciation deferred acquisition costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 504px; z-index: 15;\">375<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 504px; z-index: 15;\">418<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 489px; z-index: 15;\">Marketing and public relation<span class=\"_ _0\"></span>s costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 489px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5fc ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 489px; z-index: 15;\">62<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 474px; z-index: 15;\">Information technology costs<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 474px; z-index: 15;\">213<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f7 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 474px; z-index: 15;\">197<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 459px; z-index: 15;\">Maintenance and repair e<span class=\"_ _0\"></span>xpenses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 459px; z-index: 15;\">28<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 459px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 444px; z-index: 15;\">Cost of sale of prope<span class=\"_ _0\"></span>rty intended for sale<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 444px; z-index: 15;\">118<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y601 ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 444px; z-index: 15;\">116<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 430px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 430px; z-index: 15;\">307<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5ff ff3b2 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 430px; z-index: 15;\">290<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y605 ff3b4 fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 415px; z-index: 15;\">Total ot<span class=\"_ _2b\"></span>her expenses<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff3b4 fs3c fcb sc0 lse4 wsf4\" style=\"left: 602px; bottom: 415px; z-index: 15;\">1,412<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h54 y605 ff3b4 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 415px; z-index: 15;\">1,269<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 404px; height: 421px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag541": {
   "value": "\n<div></div>\n<div class=\"t m0 x7 h6a y79c ff3b9 fs46 fcf sc0 ls100 ws11a\" style=\"z-index: 15;\">41.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y79d ff3b9 fs46 fcf sc0 ls10c ws12f\" style=\"z-index: 15;\">Audi<span class=\"_ _2\"></span>t fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y79e ff3b7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">F<span class=\"lse2 wsf1\">or 2<span class=\"_ _2\"></span>022</span> <span class=\"lse2 wsf1\">and <span class=\"ws103\">2021, the<span class=\"_ _2\"></span>se fees</span></span> <span class=\"lse0 wsfa\">can be br<span class=\"_ _0\"></span>oken dow<span class=\"_ _2b\"></span>n into the foll<span class=\"_ _0\"></span>owing co<span class=\"_ _2b\"></span>mponents:<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y79f ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse0 wsfa\">audit fees, w<span class=\"_ _0\"></span>hich in<span class=\"_ _0\"></span>clude fee<span class=\"_ _2b\"></span>s for auditing t<span class=\"_ _2b\"></span>he statutory,<span class=\"_ _0\"></span> consoli<span class=\"_ _0\"></span>dated f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al state<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>nd the r<span class=\"_ _0\"></span>eview of<span class=\"_ _0\"></span> the int<span class=\"_ _0\"></span>erim fi<span class=\"wsf0\">n<span class=\"_ _0\"></span>ancial stat<span class=\"_ _2b\"></span>ements;<span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t m0 x7 h4f y7a0 ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse2 wsf1\">a<span class=\"_ _2\"></span>udit</span><span class=\"ff3b7\">-<span class=\"lse2 ws103\">related fees<span class=\"_ _2\"></span>, which include fees for work per<span class=\"_ _2\"></span>formed on</span> <span class=\"lse2 wsfa\">prospectuse<span class=\"_ _2\"></span>s, non</span>-<span class=\"lse0 wsf0\">standard a<span class=\"_ _2b\"></span>uditing and adviso<span class=\"_ _2b\"></span>ry services not re<span class=\"_ _0\"></span>lated to st<span class=\"_ _0\"></span>atutory </span></span></span></div>\n<div class=\"t m0 x43 h4f y7a1 ff3b7 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">auditing;<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya7f ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse0 wsfa\">fees for tax a<span class=\"_ _0\"></span>dvice;<span class=\"ls0 ws0\"> </span></span></span></div>\n<div></div>\n<div class=\"t m0 x7 h4f ya80 ff3ba fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">\u2022<span class=\"ff3bb\"> <span class=\"_ _46\"> </span><span class=\"ff3b7 lse2 wsfa\">o<span class=\"_ _2\"></span>ther non</span><span class=\"ff3b7\">-<span class=\"lse2 wsfa\">audi<span class=\"_ _2\"></span>t fees, which inclu<span class=\"_ _2\"></span>de fees for suppo<span class=\"_ _2\"></span>rt and advice.</span> </span></span></div>\n<div class=\"t m0 x15e h52 y5ff ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 939px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x15e h52 y5ff ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 777px; bottom: 939px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 511px; bottom: 924px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff3b7 fs3c fcb sc0 lsec wsfe\" style=\"left: 501px; bottom: 909px; z-index: 15;\">Stat<span class=\"_ _2\"></span>utory<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 504px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 601px; bottom: 924px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 598px; bottom: 909px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 591px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 684px; bottom: 924px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x19d h52 y603 ff3b7 fs3c fcb sc0 lsec wsfe\" style=\"left: 674px; bottom: 909px; z-index: 15;\">Stat<span class=\"_ _2\"></span>utory<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 677px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a6 h52 y605 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 774px; bottom: 924px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x160 h52 y603 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 771px; bottom: 909px; z-index: 15;\">Ageas<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1f1 h52 y638 ff3b7 fs3c fcb sc0 lse4 wsf4\" style=\"left: 764px; bottom: 894px; z-index: 15;\">Auditors<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f ya81 ff3b7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 536px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5ff ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 709px; bottom: 939px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y605 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 924px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y603 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 909px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y638 ff3b7 fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 894px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 879px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff3b7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 864px; z-index: 15;\">Audit fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 864px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 864px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 864px; z-index: 15;\">4</div>\n<div class=\"t m0 x44 h52 y5f2 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 792px; bottom: 864px; z-index: 15;\">2</div>\n<div class=\"t m0 x14d h52 y5f4 ff3b7 fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 849px; z-index: 15;\">Audit<span class=\"ls0 ws0\">-</span><span class=\"wsf3\">related fees<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x44 h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 532px; bottom: 849px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x44 h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 705px; bottom: 849px; z-index: 15;\">1</div>\n<div class=\"t m0 xbf h52 y5f4 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 849px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f9 ff3b7 fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 834px; z-index: 15;\">Tax fees<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y5f9 ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 834px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff3b7 fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 819px; z-index: 15;\">Other non<span class=\"ls0 ws0\">-</span><span class=\"wsf6\">audit fees<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 536px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 623px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 709px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 xbf h52 y60e ff3b7 fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 819px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y5fc ff3bc fs3c fcb sc0 lsec wsfe\" style=\"left: 69px; bottom: 805px; z-index: 15;\">Total<span class=\"_ _2\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 532px; bottom: 805px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 619px; bottom: 805px; z-index: 15;\">3</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 705px; bottom: 805px; z-index: 15;\">5</div>\n<div class=\"t m0 x44 h54 y5fc ff3bc fs3c fcb sc0 ls0 ws0\" style=\"left: 792px; bottom: 805px; z-index: 15;\">2</div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 6%; bottom: 794px; height: 312px; width: 88%; z-index: 5;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag550": {
   "value": "\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">Income<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">ta<span class=\"_ _2\"></span>x e<span class=\"_ _2b\"></span>xpen<span class=\"_ _2\"></span>ses</div>\n<div class=\"t m0 x2a3 h52 y1550 ff3bd fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 816px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y1550 ff3bd fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 816px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y608 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y608 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 801px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 786px; z-index: 15;\">Current tax expenses for the current period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 786px; z-index: 15;\">201<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 786px; z-index: 15;\">235<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 771px; z-index: 15;\">Adjustments recognised in <span class=\"_ _0\"></span>the period for current t<span class=\"_ _0\"></span>ax of prior periods<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 771px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f9 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 771px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y60e ff3bf fs3c fcb sc0 lse4 wsf3\" style=\"left: 69px; bottom: 756px; z-index: 15;\">Total current tax exp<span class=\"_ _0\"></span>enses<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 756px; z-index: 15;\">195<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y60e ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 756px; z-index: 15;\">231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f9 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f9 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 741px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 727px; z-index: 15;\">Deferred tax arising from the current period<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 727px; z-index: 15;\">31<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 727px; z-index: 15;\">(5)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 712px; z-index: 15;\">Impact of changes in tax <span class=\"wsf3\">rates on deferred taxes<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x78 h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 712px; z-index: 15;\"> </div>\n<div class=\"t m0 x145 h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 712px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff3bd fs3c fc14 sc0 lsed wsff\" style=\"left: 69px; bottom: 697px; z-index: 15;\">Deferred <span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ax a<span class=\"_ _2b\"></span>rising from the<span class=\"_ _2b\"></span> write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf6\">down or (reversal)</span> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 697px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 682px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">of a deferred tax asset</span> </div>\n<div class=\"t m0 x78 h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 682px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 667px; z-index: 15;\">Previously unrecognised tax losses, tax credits and<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 667px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y180c ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 652px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">temporary differences reducing deferred <span class=\"_ _0\"></span>tax expense<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 xb8 h52 y180c ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 652px; z-index: 15;\">3</div>\n<div class=\"t m0 x78 h52 y180c ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 652px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff3bf fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 637px; z-index: 15;\">Total deferred tax expenses (income)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h54 y608 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 614px; bottom: 637px; z-index: 15;\">34<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h54 y608 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 779px; bottom: 637px; z-index: 15;\">(16)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff3bd fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3bd fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y603 ff3bd fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 623px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h54 y608 ff3bf fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 608px; z-index: 15;\">Total income tax expenses (income)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 608px; z-index: 15;\">229<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y608 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 608px; z-index: 15;\">215<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1eda ff3bd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1edb ff3bd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1edc ff3bd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Below is a rec<span class=\"_ _0\"></span>oncili<span class=\"_ _0\"></span>ation fro<span class=\"_ _0\"></span>m expecte<span class=\"_ _0\"></span>d to actual inc<span class=\"_ _2b\"></span>ome tax expense.</div>\n<div class=\"t m0 x7 h4f y1edd ff3bd fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Given the financ<span class=\"_ _2\"></span>ial reporting consolidati<span class=\"_ _2\"></span>on at the Belgian top holdi<span class=\"_ _2\"></span>ng</div>\n<div class=\"t m0 x7 h4f y1ede ff3bd fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">company <span class=\"ls0 ws0\">A<span class=\"_ _2\"></span><span class=\"lse0 wsef\">geas </span></span><span class=\"ws103\">SA/NV, the Group tax rate is<span class=\"_ _2\"></span> determined at the </span></div>\n<div class=\"t m0 x7 h4f y1edf ff3bd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">prevail<span class=\"_ _0\"></span>ing corpo<span class=\"_ _0\"></span>rate inc<span class=\"_ _0\"></span>ome tax rate i<span class=\"_ _2b\"></span>n Belgium. Devia<span class=\"lse2 ws103\">tions between </span></div>\n<div class=\"t m0 x1a h4f y1ee0 ff3bd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">expecte<span class=\"_ _0\"></span>d and actu<span class=\"_ _0\"></span>al income t<span class=\"_ _0\"></span>ax expense in t<span class=\"_ _0\"></span>he various<span class=\"_ _0\"></span> jurisdi<span class=\"_ _0\"></span>ctions in</div>\n<div class=\"t m0 x1a h4f y1ee1 ff3bd fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">which the A<span class=\"_ _0\"></span>geas Grou<span class=\"_ _0\"></span>p operates r<span class=\"_ _2b\"></span>esulting from loc<span class=\"_ _0\"></span>al tax laws an<span class=\"_ _0\"></span>d</div>\n<div class=\"t m0 x1a h4f y1ee2 ff3bd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">regulat<span class=\"_ _0\"></span>ions, a<span class=\"_ _0\"></span>re stat<span class=\"_ _0\"></span>ed at loc<span class=\"_ _2b\"></span>al tax rates app<span class=\"_ _0\"></span>licable <span class=\"_ _0\"></span>in suc<span class=\"_ _0\"></span>h jurisd<span class=\"_ _0\"></span>ictions</div>\n<div class=\"t m0 x1a h4f y1ee3 ff3bd fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">and can <span class=\"_ _0\"></span>be broke<span class=\"_ _0\"></span>n down i<span class=\"_ _0\"></span>nto th<span class=\"lse2\">e categories depicted<span class=\"_ _2\"></span> below.</span></div>\n<div class=\"t m0 x7 h4f y1ee4 ff3bd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1ee5 ff3bd fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3bd fs3c fcb sc0 ls0 ws0\" style=\"left: 69px; bottom: 466px; z-index: 15;\"> </div>\n<div class=\"t m0 x2a3 h52 y5f4 ff3bd fs3c fcb sc0 lse4 wsf4\" style=\"left: 604px; bottom: 466px; z-index: 15;\">2022<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2a3 h52 y5f4 ff3bd fs3c fcb sc0 lse4 wsf4\" style=\"left: 776px; bottom: 466px; z-index: 15;\">2021<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 451px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 451px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 451px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 436px; z-index: 15;\">Result before taxation<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 602px; bottom: 436px; z-index: 15;\">1,452<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x17 h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 774px; bottom: 436px; z-index: 15;\">1,231<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 421px; z-index: 15;\">Applicable group tax rate<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe6 h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 594px; bottom: 421px; z-index: 15;\">25.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xe6 h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 766px; bottom: 421px; z-index: 15;\">25.00%<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 406px; z-index: 15;\">Expected income tax expense<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 609px; bottom: 406px; z-index: 15;\">363<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 781px; bottom: 406px; z-index: 15;\">308<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff3bf fs3c fcb sc0 lse4 wsf6\" style=\"left: 69px; bottom: 391px; z-index: 15;\">Increase (decrease) against local tax rates resulting<span class=\"_ _0\"></span> from:<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h54 y5f9 ff3bf fs3c fcb sc0 ls0 ws0\" style=\"left: 624px; bottom: 391px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h54 y5f9 ff3bf fs3c fcb sc0 ls0 ws0\" style=\"left: 796px; bottom: 391px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f7 ff3bd fs3c fc14 sc0 lsec ws100\" style=\"left: 69px; bottom: 376px; z-index: 15;\">Tax ex<span class=\"_ _2\"></span>empt incom<span class=\"_ _2\"></span>e <span class=\"lse4 wsf3\">(including dividend and<span class=\"_ _0\"></span> capital gains)<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x145 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 376px; z-index: 15;\">(72)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 376px; z-index: 15;\">(29)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 361px; z-index: 15;\">Share in net result of<span class=\"_ _0\"></span> associates and joint ven<span class=\"_ _2b\"></span>t<span class=\"_ _2\"></span>ures<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 361px; z-index: 15;\">(62)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x25f h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 775px; bottom: 361px; z-index: 15;\">(111)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f7 ff3bd fs3c fc14 sc0 ls109 ws15f\" style=\"left: 69px; bottom: 347px; z-index: 15;\">Disallowed items<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 347px; z-index: 15;\">23<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f7 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 347px; z-index: 15;\">21<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 332px; z-index: 15;\">Previously unrecognised tax lo<span class=\"_ _0\"></span>sses and temporary differenc<span class=\"_ _0\"></span>es<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y5fc ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 607px; bottom: 332px; z-index: 15;\">(24)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5fc ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 332px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y601 ff3bd fs3c fc14 sc0 lsee ws166\" style=\"left: 69px; bottom: 317px; z-index: 15;\">Write<span class=\"ls0 ws0\">-<span class=\"lse4 wsf3\">down and reversal of write</span>-<span class=\"lsef ws102\">down of <span class=\"lse4 wsf6\">deferred tax assets,</span></span> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 317px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 317px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5ff ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 302px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">including current year tax</span>-<span class=\"lse4 wsf3\">losses deemed non</span>-<span class=\"lse4 wsf4\">recoverable</span> </div>\n<div class=\"t m0 xb8 h52 y5ff ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 619px; bottom: 302px; z-index: 15;\">4</div>\n<div class=\"t m0 xd2 h52 y5ff ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 302px; z-index: 15;\">33<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y601 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 287px; z-index: 15;\">Impact of changes in tax rates on temporary differences<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y601 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 287px; z-index: 15;\"> </div>\n<div class=\"t m0 x145 h52 y601 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 287px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y603 ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 272px; z-index: 15;\">Foreign tax rate differential<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y603 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 272px; z-index: 15;\">(2)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y603 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 272px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y608 ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 257px; z-index: 15;\">Adjustments for current and<span class=\"_ _2b\"></span> deferred tax of previous years<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 257px; z-index: 15;\">(7)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y608 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 785px; bottom: 257px; z-index: 15;\">(4)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y1550 ff3bd fs3c fc14 sc0 lse4 wsf3\" style=\"left: 69px; bottom: 243px; z-index: 15;\">Deferred tax on investmen<span class=\"_ _0\"></span>ts in subsidiaries, associates <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y1550 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 243px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y1550 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 243px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 228px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf3\">and joint ventures</span> </div>\n<div class=\"t m0 xd2 h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 614px; bottom: 228px; z-index: 15;\">12<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 xd2 h52 y5f2 ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 786px; bottom: 228px; z-index: 15;\">19<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h52 y5f4 ff3bd fs3c fc14 sc0 lse4 wsf6\" style=\"left: 69px; bottom: 213px; z-index: 15;\">Local income taxes<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x78 h52 y5f4 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 213px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f4 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 213px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 69px; bottom: 198px; z-index: 15;\"> <span class=\"_ _8\"> </span><span class=\"lse4 wsf6\">(state/city/cantonal/communal taxes)</span> </div>\n<div class=\"t m0 x78 h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 624px; bottom: 198px; z-index: 15;\"> </div>\n<div class=\"t m0 x78 h52 y5f2 ff3bd fs3c fc14 sc0 ls0 ws0\" style=\"left: 796px; bottom: 198px; z-index: 15;\"> </div>\n<div class=\"t m0 x14d h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 69px; bottom: 183px; z-index: 15;\">Other<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x2e4 h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 613px; bottom: 183px; z-index: 15;\">(6)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x145 h52 y60e ff3bd fs3c fc14 sc0 lse4 wsf4\" style=\"left: 779px; bottom: 183px; z-index: 15;\">(11)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x14d h54 y5f9 ff3bf fs3c fcb sc0 lse7 wsf8\" style=\"left: 69px; bottom: 168px; z-index: 15;\">Actua<span class=\"_ _0\"></span>l income<span class=\"_ _0\"></span> tax expe<span class=\"_ _2b\"></span>nses (incom<span class=\"_ _0\"></span>e)<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 609px; bottom: 168px; z-index: 15;\">229<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x107 h54 y5f9 ff3bf fs3c fcb sc0 lse4 wsf4\" style=\"left: 781px; bottom: 168px; z-index: 15;\">215<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 157px; height: 804px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 157px; height: 804px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag486": {
   "value": "\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">Contingent</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls9b wsa5\" style=\"z-index: 15;\">liabilit<span class=\"_ _2\"></span>ies</div>\n<div class=\"t m0 x7 h6a y724 ff3c5 fs46 fc10 sc0 ls10b ws12e\" style=\"z-index: 15;\">43.1<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a ydeb ff3c5 fs46 fc10 sc0 ls10e ws131\" style=\"z-index: 15;\">Contingent liab<span class=\"_ _2\"></span>ilities related to</div>\n<div class=\"t m0 x7 h6a y1f07 ff3c5 fs46 fc10 sc0 ls10e ws131\" style=\"z-index: 15;\">legal proc<span class=\"_ _2\"></span>eedings<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h63 y1a8b ff3c6 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">Like any other financial g<span class=\"_ _2b\"></span>r<span class=\"_ _2\"></span>oup,</div>\n<div class=\"t m0 x7 h63 y1f08 ff3c6 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">Ageas group<span class=\"ls0 ws0\"> <span class=\"lsf6\">is involved as a </span></span></div>\n<div class=\"t m0 x7 h63 y1f09 ff3c6 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">defendant in various claim<span class=\"_ _0\"></span>s,</div>\n<div class=\"t m0 x7 h63 y1f0a ff3c6 fs40 fc14 sc0 lsf6 ws0\" style=\"z-index: 15;\">disputes and legal proceed<span class=\"_ _0\"></span>ings</div>\n<div class=\"t m0 x7 h63 y1f0b ff3c6 fs40 fc14 sc0 lsf8 ws10f\" style=\"z-index: 15;\">arising in the ordinary course of its</div>\n<div class=\"t m0 x7 h63 y1f0c ff3c6 fs40 fc14 sc0 lsf6 ws110\" style=\"z-index: 15;\">business.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1f0d ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f0e ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In addit<span class=\"_ _0\"></span>ion, as a <span class=\"_ _2b\"></span>result of the <span class=\"_ _0\"></span>events a<span class=\"_ _0\"></span>nd devel<span class=\"_ _0\"></span>opments<span class=\"_ _0\"></span> surro<span class=\"_ _0\"></span>unding t<span class=\"_ _0\"></span>he forme<span class=\"_ _0\"></span>r Forti<span class=\"_ _0\"></span>s group b<span class=\"_ _2b\"></span>etween</div>\n<div class=\"t m0 x26 h4f y1f0f ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">May 2007<span class=\"_ _2\"></span> and October 2008 <span class=\"_ _2\"></span>(e<span class=\"lse0\">.g. t<span class=\"_ _2b\"></span>he acquisitio<span class=\"_ _0\"></span>n of part<span class=\"_ _2b\"></span>s of ABN AMRO a<span class=\"_ _0\"></span>nd the c<span class=\"_ _0\"></span>apital i<span class=\"_ _0\"></span>ncrease i<span class=\"_ _2b\"></span>n </span></div>\n<div class=\"t m0 x26 h4f y1f10 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">September/Octo<span class=\"_ _2\"></span>ber 2007, the an<span class=\"_ _2\"></span>nouncement of the s<span class=\"_ _2\"></span>olvency plan in <span class=\"_ _2\"></span>June 2008, the<span class=\"_ _2\"></span> divestment of</div>\n<div class=\"t m0 x26 h4f y1f11 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">banking act<span class=\"_ _2b\"></span>ivities and Dutc<span class=\"_ _2b\"></span>h <span class=\"_ _2\"></span>ins<span class=\"_ _0\"></span>urance act<span class=\"_ _0\"></span>ivitie<span class=\"_ _0\"></span>s in Septemb<span class=\"_ _2b\"></span>er/October 2008<span class=\"_ _0\"></span>), Ageas h<span class=\"_ _0\"></span>as becom<span class=\"_ _0\"></span><span class=\"wsef\">e </span></div>\n<div class=\"t m0 x26 h4f y1f12 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">involv<span class=\"_ _0\"></span>ed in legal proc<span class=\"_ _2b\"></span>eedings. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f13 ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f14 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 14 March 2<span class=\"_ _0\"></span>016 Ageas e<span class=\"_ _0\"></span>ntered int<span class=\"_ _2b\"></span>o a EUR<span class=\"ls0 ws0\"> <span class=\"lsfc ws115\">1<span class=\"_ _2\"></span>.2</span> </span><span class=\"wsfa\">billion s<span class=\"_ _2b\"></span>ettlement agr<span class=\"_ _0\"></span>eement w<span class=\"_ _2b\"></span>ith several cl<span class=\"_ _0\"></span>aimant </span></div>\n<div class=\"t m0 x26 h4f y1f15 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">organis<span class=\"_ _0\"></span>ations th<span class=\"_ _2b\"></span>at represent a seri<span class=\"_ _0\"></span>es of share<span class=\"_ _0\"></span>holders i<span class=\"_ _0\"></span>n collecti<span class=\"_ _2b\"></span>ve claims before th<span class=\"_ _2b\"></span>e Belgian and</div>\n<div class=\"t m0 x26 h4f y1f16 ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Dutch co<span class=\"_ _2b\"></span>urts. On 23 May <span class=\"_ _0\"></span>2016 th<span class=\"_ _0\"></span>e parties t<span class=\"_ _2b\"></span>o the settlem<span class=\"_ _0\"></span>ent, i.e.<span class=\"_ _0\"></span> Ageas, <span class=\"_ _2b\"></span>Deminor, Stic<span class=\"_ _0\"></span>hting</div>\n<div class=\"t m0 x26 h4f y1f17 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">FortisEf<span class=\"_ _0\"></span>fect, St<span class=\"_ _0\"></span>ichting Inv<span class=\"_ _2b\"></span>estor Claims Aga<span class=\"_ _2b\"></span>inst Fortis, VEB an<span class=\"_ _0\"></span>d Stichti<span class=\"_ _0\"></span>ng FORset<span class=\"_ _0\"></span>tleme<span class=\"_ _0\"></span>nt request<span class=\"_ _0\"></span>ed</div>\n<div class=\"t m0 x26 h4f y1f18 ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the Amst<span class=\"_ _2b\"></span>erdam Court of <span class=\"_ _0\"></span>Appea<span class=\"_ _0\"></span>l to decla<span class=\"_ _2b\"></span>re the settlem<span class=\"_ _0\"></span>ent bin<span class=\"_ _0\"></span>ding for <span class=\"_ _2b\"></span>all eligible F<span class=\"_ _2b\"></span>ortis share<span class=\"wsef\">hol<span class=\"_ _2b\"></span>ders </span></div>\n<div class=\"t m0 x26 h4f y1f19 ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">who woul<span class=\"_ _0\"></span>d not opt<span class=\"_ _0\"></span> out bef<span class=\"_ _2b\"></span>ore the expiry <span class=\"_ _0\"></span>of a giv<span class=\"_ _0\"></span>en perio<span class=\"_ _2b\"></span>d, in accordanc<span class=\"_ _2b\"></span>e with the Dutc<span class=\"_ _0\"></span>h Act on</div>\n<div class=\"t m0 x26 h4f y1f1a ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Collect<span class=\"_ _0\"></span>ive Settl<span class=\"_ _2b\"></span>ement of Mass Claims<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>(Wet Co<span class=\"_ _2b\"></span>llectieve Afwik<span class=\"_ _2b\"></span>keling Massasc<span class=\"_ _0\"></span>hade). Ag<span class=\"_ _0\"></span>eas also</div>\n<div class=\"t m0 x26 h4f y1f1b ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">reache<span class=\"_ _0\"></span>d an agreem<span class=\"_ _0\"></span>ent with Mr A<span class=\"_ _0\"></span>rnauts an<span class=\"_ _0\"></span>d Mr Lensse<span class=\"_ _0\"></span>ns, two att<span class=\"_ _0\"></span>o<span class=\"lse2 wsfa\">rneys who l<span class=\"_ _2\"></span>aunched legal action<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x26 h4f y1f1c ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">against Agea<span class=\"_ _2\"></span>s on behalf of a<span class=\"_ _2\"></span> number of clai<span class=\"_ _2\"></span>mants, and in 2017<span class=\"_ _2\"></span> with the Luxem<span class=\"_ _2\"></span>bourg based</div>\n<div class=\"t m0 x26 h4f y1f1d ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">company<span class=\"_ _0\"></span> Archa<span class=\"_ _0\"></span>nd s.\u00e0.<span class=\"_ _0\"></span>r.l. and af<span class=\"_ _0\"></span>filiat<span class=\"_ _0\"></span>ed pers<span class=\"_ _0\"></span>ons, to s<span class=\"_ _2b\"></span>upport the sett<span class=\"_ _2b\"></span>lement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f1e ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f1f ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 16 June 2017, the<span class=\"_ _2\"></span> court took the interim de<span class=\"_ _2\"></span>cision not to<span class=\"ls0 ws0\"> <span class=\"lse0 wsfa\">declare t<span class=\"_ _0\"></span>he settl<span class=\"_ _2b\"></span>ement binding i<span class=\"_ _2b\"></span>n its </span></span></div>\n<div class=\"t m0 x26 h4f y1f20 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initial f<span class=\"_ _2\"></span>ormat. As per 16<span class=\"_ _2\"></span> October 2017, Agea<span class=\"_ _2\"></span>s decided to make<span class=\"_ _2\"></span> a final additional<span class=\"_ _2\"></span> effort of EUR 1<span class=\"_ _2\"></span>00</div>\n<div class=\"t m0 x26 h4f y1f21 ff3c3 fs3a fc14 sc0 ls102 ws11d\" style=\"z-index: 15;\">million.<span class=\"_ _2\"></span> <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f22 ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f23 ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Per 12 December 2017<span class=\"_ _2\"></span>, the parties submitted<span class=\"_ _2\"></span> an amended and restated settleme<span class=\"_ _2\"></span>nt agreement to the</div>\n<div class=\"t m0 x26 h4f y1f24 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">court. Con<span class=\"_ _2b\"></span>s<span class=\"lse2 ws103\">umen<span class=\"_ _2\"></span>tenclaim, an opponent of the<span class=\"_ _2\"></span> settlement in its initial<span class=\"_ _2\"></span> 2016 format, agreed to suppor<span class=\"_ _2\"></span>t </span></div>\n<div class=\"t m0 x26 h4f y1f25 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">the 2017<span class=\"_ _2\"></span> settlement.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f26 ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f27 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 13 July 201<span class=\"_ _2b\"></span>8 <span class=\"_ _2\"></span>th<span class=\"_ _0\"></span>e Amsterda<span class=\"_ _2b\"></span>m Appeal Court decl<span class=\"_ _2b\"></span>ared the settleme<span class=\"_ _0\"></span>nt binding o<span class=\"_ _2b\"></span>n Eligible</div>\n<div class=\"t m0 x26 h4f y1f28 ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Shareholders<span class=\"_ _2\"></span> (i.e. persons who<span class=\"_ _2\"></span> held Fortis share<span class=\"_ _2\"></span>s at any <span class=\"lse0 wsf0\">time between c<span class=\"_ _0\"></span>lose of bus<span class=\"_ _0\"></span>iness on 28 </span></div>\n<div class=\"t m0 x26 h4f y1f29 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Februa<span class=\"_ _0\"></span>ry 2007 and<span class=\"_ _0\"></span> close of busi<span class=\"_ _0\"></span>ness on 14 Oct<span class=\"_ _0\"></span>ober 2008).<span class=\"_ _0\"></span> Ageas wa<span class=\"_ _0\"></span>ived its te<span class=\"_ _0\"></span>rminati<span class=\"_ _2b\"></span>on right on 21</div>\n<div class=\"t m0 x26 h4f y1f2a ff3c3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">December 2018<span class=\"_ _2\"></span>, effectively making<span class=\"_ _2\"></span> the settlement <span class=\"_ _2\"></span>final.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x26 h4f y1f2b ff3c3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x26 h4f y1f2c ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">This means tha<span class=\"_ _2\"></span>t Eligible Shareholders were<span class=\"_ _2\"></span> entitled to compensat<span class=\"lse0 wsfa\">ion for the ev<span class=\"_ _2b\"></span>ents of 2007<span class=\"ls0 ws0\">-<span class=\"lse2 wsf1\">2008, </span></span></span></div>\n<div class=\"t m0 x26 h4f y1f2d ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subject t<span class=\"_ _2b\"></span>o a full relea<span class=\"_ _0\"></span>se of lia<span class=\"_ _2b\"></span>bility with res<span class=\"_ _2b\"></span>pect to these ev<span class=\"_ _2b\"></span>ents, and in acc<span class=\"_ _2b\"></span>ordance with t<span class=\"_ _0\"></span>he (othe<span class=\"_ _0\"></span>r)</div>\n<div class=\"t m0 x26 h4f y1f2e ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">terms of the sett<span class=\"_ _2\"></span>lement agreement. It further<span class=\"_ _2\"></span> means that Eligible Shareholde<span class=\"_ _2\"></span>rs who did not timely opt</div>\n<div class=\"t m0 x26 h4f y1f2f ff3c3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">out (i.e.<span class=\"_ _2b\"></span> at the <span class=\"lse2 ws103\">latest on 31 Decemb<span class=\"_ _2\"></span>er 2018), regardless of whet<span class=\"_ _2\"></span>her or not they timely filed a c<span class=\"_ _2\"></span>laim </span></div>\n<div class=\"t m0 x26 h4f y1f30 ff3c3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">form, wer<span class=\"_ _2b\"></span>e, <span class=\"_ _2\"></span>by op<span class=\"_ _0\"></span>eration of<span class=\"_ _0\"></span> law, deem<span class=\"_ _2b\"></span>ed to have granted<span class=\"_ _0\"></span> such releas<span class=\"_ _0\"></span>e of liabilit<span class=\"_ _2b\"></span>y <span class=\"_ _2\"></span>an<span class=\"_ _0\"></span>d to have waiv<span class=\"_ _2b\"></span>ed</div>\n<div class=\"t m0 x26 h4f y1f31 ff3c3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">any rights in con<span class=\"_ _2\"></span>nection with the events.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 270px; height: 691px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 270px; height: 691px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 270px; height: 691px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">The claims <span class=\"_ _2\"></span>filing period star<span class=\"_ _2\"></span>ted on 27 July <span class=\"_ _2\"></span>2018 and ended on<span class=\"_ _2\"></span> 28 July</div>\n<div class=\"t m0 x7 h4f y803 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2019. As at 31 D<span class=\"_ _2b\"></span>ecember 2022, an a<span class=\"_ _0\"></span>mount of EUR<span class=\"_ _0\"></span> 1,309 mil<span class=\"_ _0\"></span>lion had</div>\n<div class=\"t m0 x7 h4f y804 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">already b<span class=\"_ _0\"></span>een paid out<span class=\"_ _0\"></span> to Eligib<span class=\"_ _0\"></span>le Shareho<span class=\"_ _0\"></span>lders and a re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g</div>\n<div class=\"t m0 x7 h4f y805 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">provisi<span class=\"_ _0\"></span>on of EUR<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">1.3 million had been recogn<span class=\"_ _2\"></span>ised for the settlement </span></span></div>\n<div class=\"t m0 x7 h4f y806 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">(see note 25 P<span class=\"_ _2b\"></span>rovisions).<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y807 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y808 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 23 June 2022 Agea<span class=\"_ _2\"></span>s announced that, except for<span class=\"_ _2\"></span> a limited number of</div>\n<div class=\"t m0 x7 h4f y809 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">unresol<span class=\"_ _0\"></span>ved clai<span class=\"_ _2b\"></span>ms, the settl<span class=\"_ _0\"></span>ement wo<span class=\"_ _0\"></span>uld be cl<span class=\"_ _0\"></span>osed. F<span class=\"_ _0\"></span>inal pay<span class=\"_ _2b\"></span>ments</div>\n<div class=\"t m0 x7 h4f y80a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">follow<span class=\"_ _0\"></span>ed at the end of Au<span class=\"_ _0\"></span>gust 2022.<span class=\"_ _0\"></span> The po<span class=\"wsfa\">tent<span class=\"_ _0\"></span>ial cost<span class=\"_ _2b\"></span>s that Ageas <span class=\"_ _0\"></span>has </span></div>\n<div class=\"t m0 x7 h4f y80b ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">agreed to b<span class=\"_ _0\"></span>ear for the rem<span class=\"_ _0\"></span>aining u<span class=\"_ _0\"></span>nresolve<span class=\"_ _0\"></span>d claims ha<span class=\"_ _0\"></span>ve been prov<span class=\"_ _2b\"></span>ided</div>\n<div class=\"t m0 x7 h4f y80c ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">for in the pro<span class=\"_ _0\"></span>vision ref<span class=\"_ _0\"></span>erred to ab<span class=\"_ _0\"></span>ove.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1f37 ff3cc fs46 fc10 sc0 ls0 ws0\" style=\"z-index: 15;\">R<span class=\"ls10e ws131\">esidual <span class=\"_ _2\"></span>proceedings</span> </div>\n<div class=\"t m0 x7 h4f y1355 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Now that the sett<span class=\"_ _2\"></span>lement has become final, the par<span class=\"_ _2\"></span>ties who supported the</div>\n<div class=\"t m0 x7 h4f y1356 ff3ca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">settlem<span class=\"_ _2b\"></span>ent <span class=\"lse2 wsfa\">c<span class=\"_ _2\"></span>ommitted to termina<span class=\"_ _2\"></span>te their legal pro<span class=\"_ _2\"></span>ceedings.<span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1357 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1358 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The parti<span class=\"_ _0\"></span>es who time<span class=\"_ _0\"></span>ly submitt<span class=\"_ _2b\"></span>ed an opt<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">out notice m<span class=\"_ _2b\"></span>ay resume their </span></div>\n<div class=\"t m0 x7 h4f y1359 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">legal pro<span class=\"_ _0\"></span>ceedin<span class=\"_ _0\"></span>gs in the Neth<span class=\"_ _2b\"></span>erlands or, as the cas<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>ma<span class=\"_ _0\"></span>y be, resume o<span class=\"_ _0\"></span>r</div>\n<div class=\"t m0 x7 h4f y135a ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ue their <span class=\"_ _0\"></span>legal proc<span class=\"_ _2b\"></span>eedings in B<span class=\"_ _0\"></span>elgium.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y135b ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y135c ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In the sec<span class=\"_ _2b\"></span>tions below <span class=\"lse2 ws103\">we give a comprehensive update of all<span class=\"_ _2\"></span> residual </span></div>\n<div class=\"t m0 x7 h4f y135d ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings whi<span class=\"_ _2\"></span>ch were either terminated<span class=\"_ _2\"></span> in 2022, or not terminated b<span class=\"_ _2\"></span>y</div>\n<div class=\"t m0 x7 h4f y135e ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">31 Decemb<span class=\"_ _2b\"></span>er 2022. These const<span class=\"_ _0\"></span>itute co<span class=\"_ _0\"></span>ntingent<span class=\"_ _0\"></span> liabilit<span class=\"_ _2b\"></span>ies without</div>\n<div class=\"t m0 x7 h4f y135f ff3ca fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">provisi<span class=\"_ _0\"></span>ons.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1f38 ff3ca fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.1<span class=\"ls0 ws0\"> <span class=\"_ _13c\"> </span><span class=\"lse0 wsf0\">In the Netherla<span class=\"_ _2b\"></span>nds <span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h55 y1f39 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.1.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Cebu<span class=\"_ _2\"></span>lon</span> </span></div>\n<div class=\"t m0 x7 h4f y1f3a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 14 July 202<span class=\"_ _2b\"></span>0, Dutch investme<span class=\"_ _2b\"></span>nt <span class=\"_ _2\"></span>com<span class=\"_ _2b\"></span>pany Cebulon init<span class=\"_ _2b\"></span>iated legal</div>\n<div class=\"t m0 x7 h4f y1f3b ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings aga<span class=\"_ _2\"></span>inst Ageas and some co<span class=\"ls0 ws0\">-</span><span class=\"wsfa\">de<span class=\"_ _2\"></span>fendants regarding<span class=\"_ _2\"></span> alleged </span></div>\n<div class=\"t m0 x7 h4f y1f3c ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">misleading commun<span class=\"_ _2\"></span>ication in 2007<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">2008. In its cap<span class=\"_ _0\"></span>acity of for<span class=\"_ _2b\"></span>mer Fortis </span></span></div>\n<div class=\"t m0 x7 h4f y1f3d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">shareh<span class=\"_ _0\"></span>older, Ceb<span class=\"_ _2b\"></span>ulon claims a compe<span class=\"_ _0\"></span>nsatio<span class=\"_ _0\"></span>n for the <span class=\"lse2 ws103\">allegedly suffered<span class=\"_ _2\"></span> </span></div>\n<div class=\"t m0 x7 h4f y1f3e ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">damages.<span class=\"_ _0\"></span> The fo<span class=\"_ _0\"></span>rum is th<span class=\"_ _0\"></span>e Utrec<span class=\"_ _0\"></span>ht court <span class=\"_ _0\"></span>of first<span class=\"_ _0\"></span> insta<span class=\"_ _0\"></span>nce. An</div>\n<div class=\"t m0 x7 h4f y1f3f ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">introduc<span class=\"_ _0\"></span>tory hea<span class=\"_ _2b\"></span>ring took place on 9 Sept<span class=\"_ _2b\"></span>ember 2020 in Utrec<span class=\"_ _2b\"></span>ht. The</div>\n<div class=\"t m0 x7 h4f y1f40 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">parties are<span class=\"_ _2\"></span> now exchanging wri<span class=\"_ _2\"></span>tten submissions. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h55 y1f41 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.1.2<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsfa\">Du<span class=\"_ _2\"></span>tch individual inves<span class=\"_ _2\"></span>tor</span> </span></div>\n<div class=\"t m0 x7 h4f y1f42 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 29 Ja<span class=\"_ _0\"></span>nuary 2<span class=\"_ _0\"></span>021, a Dut<span class=\"_ _0\"></span>c<span class=\"lse2\">h individual in<span class=\"_ _2\"></span>vestor initiated l<span class=\"_ _2\"></span>egal </span></div>\n<div class=\"t m0 x7 h4f y1f43 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings aga<span class=\"_ _2\"></span>inst Ageas. He claimed a com<span class=\"_ _2\"></span>pensation for the</div>\n<div class=\"t m0 x7 h4f y1f44 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">damages <span class=\"_ _0\"></span>he alle<span class=\"_ _0\"></span>gedly suf<span class=\"_ _2b\"></span>fered pursua<span class=\"_ _0\"></span>nt to the F<span class=\"_ _2b\"></span>ortis crisis<span class=\"_ _0\"></span> in 2007<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x7 h4f y1f45 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">2008. The forum i<span class=\"_ _2\"></span>s the Utrecht court of first in<span class=\"_ _2\"></span>stance. An introductory</div>\n<div class=\"t m0 x7 h4f y1f46 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">hearin<span class=\"_ _0\"></span>g was held <span class=\"wsfa\">on 1<span class=\"_ _0\"></span>0 March <span class=\"_ _0\"></span>2021. Th<span class=\"_ _2b\"></span>e parties agree<span class=\"_ _2b\"></span>d to terminat<span class=\"_ _0\"></span>e the </span></div>\n<div class=\"t m0 x7 h4f y1f47 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">proceedings in<span class=\"_ _2\"></span> June 2022.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1f48 ff3ca fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2<span class=\"ls0 ws0\"> <span class=\"_ _13c\"> </span><span class=\"lse0 wsf0\">In Belgium</span> </span></div>\n<div class=\"t m0 x7 h55 y1f49 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2.1<span class=\"ls0 ws0\"> <span class=\"_ _1ef\"> </span><span class=\"lse2 wsf1\">Modr<span class=\"_ _2\"></span>ikamen</span> </span></div>\n<div class=\"t m0 x7 h4f y1f4a ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 28 January 2009<span class=\"_ _2\"></span>, a series of shareholders<span class=\"_ _2\"></span> represented by Mr</div>\n<div class=\"t m0 x7 h4f y1f4b ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Modrikamen br<span class=\"_ _2\"></span>ought an action be<span class=\"_ _2\"></span>fore the Brussels<span class=\"_ _2\"></span> Commercial Court</div>\n<div class=\"t m0 x7 h4f y1f4c ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">initially<span class=\"_ _2\"></span> reque<span class=\"lse0\">sting <span class=\"_ _0\"></span>the annu<span class=\"_ _2b\"></span>lment of the sa<span class=\"_ _0\"></span>le of AS<span class=\"_ _0\"></span>R to the <span class=\"_ _0\"></span>Dutch <span class=\"_ _0\"></span>State </span></div>\n<div class=\"t m0 x7 h4f y1f4d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">and the sal<span class=\"_ _0\"></span>e of Fortis Ba<span class=\"_ _2b\"></span>nk <span class=\"_ _2\"></span>to SF<span class=\"_ _2b\"></span>PI (and subseque<span class=\"_ _0\"></span>ntly to BN<span class=\"_ _0\"></span>P Paribas<span class=\"_ _0\"></span>),</div>\n<div class=\"t m0 x1a h4f y1f4e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">or alternat<span class=\"_ _2\"></span>ively damages. On <span class=\"_ _2\"></span>8 December 2009, <span class=\"_ _2\"></span>the Court inter<span class=\"_ _2\"></span> alia</div>\n<div class=\"t m0 x1a h4f y1f4f ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">decided t<span class=\"_ _2b\"></span>hat it was not c<span class=\"_ _0\"></span>ompete<span class=\"_ _2b\"></span>nt to judge on act<span class=\"_ _2b\"></span>ions against t<span class=\"_ _0\"></span>he Dutc<span class=\"_ _0\"></span>h</div>\n<div class=\"t m0 x1a h4f y1f50 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">defendants.<span class=\"_ _2\"></span> On 17 January 2013<span class=\"_ _2\"></span>, the Brussels Cour<span class=\"_ _2\"></span>t of Appeal</div>\n<div class=\"t m0 x1a h4f y1f51 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">confirmed thi<span class=\"_ _2\"></span>s judgment in this respect. In<span class=\"_ _2\"></span> July 2014, Mr Modrikamen</div>\n<div class=\"t m0 x1a h4f y1f52 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">filed an ap<span class=\"_ _2\"></span>peal before the S<span class=\"_ _2\"></span>upreme Court on <span class=\"_ _2\"></span>this issue. On 23<span class=\"_ _2\"></span> October</div>\n<div class=\"t m0 x1a h4f y1f53 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">2015 the<span class=\"_ _2\"></span> Supreme Court rejec<span class=\"_ _2\"></span>ted this appeal.<span class=\"ls0 ws0\"> <span class=\"_ _2\"></span><span class=\"lse0 wsf0\">Mr Mod<span class=\"_ _0\"></span>rikame<span class=\"_ _2b\"></span>n <span class=\"_ _2\"></span>cont<span class=\"_ _2b\"></span>inued </span></span></div>\n<div class=\"t m0 x1a h4f y1f54 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the proc<span class=\"_ _2b\"></span>eedings befor<span class=\"_ _0\"></span>e the com<span class=\"_ _2b\"></span>mercial court<span class=\"_ _0\"></span> regardi<span class=\"_ _2b\"></span>ng the sale of F<span class=\"_ _2b\"></span>ortis</div>\n<div class=\"t m0 x1a h4f y1f55 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Bank, ai<span class=\"_ _0\"></span>ming at t<span class=\"_ _2b\"></span>he payment of <span class=\"_ _0\"></span>a compe<span class=\"_ _0\"></span>nsation b<span class=\"_ _2b\"></span>y BNP Paribas t<span class=\"_ _2b\"></span>o</div>\n<div class=\"t m0 x1a h4f y1f56 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Ageas, as w<span class=\"_ _2b\"></span>ell as by Ageas to the cla<span class=\"_ _0\"></span>imants. I<span class=\"_ _0\"></span>n an interim ju<span class=\"_ _2b\"></span>dgment of 4</div>\n<div class=\"t m0 x1a h4f y1f57 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">November 2014, the<span class=\"_ _2\"></span> co<span class=\"lse0 wsf0\">urt d<span class=\"_ _0\"></span>eclared a<span class=\"_ _0\"></span>bout 50% of th<span class=\"_ _0\"></span>e origin<span class=\"_ _0\"></span>al claimant<span class=\"_ _2b\"></span>s </span></div>\n<div class=\"t m0 x1a h4f y1f58 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">not admis<span class=\"_ _2b\"></span>sible. On 29 A<span class=\"_ _0\"></span>pril 20<span class=\"_ _0\"></span>16 the B<span class=\"_ _0\"></span>russels <span class=\"_ _0\"></span>Commerc<span class=\"_ _2b\"></span>ial Court</div>\n<div class=\"t m0 x1a h4f y1f59 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">decided t<span class=\"_ _2b\"></span>o suspend the <span class=\"_ _0\"></span>procee<span class=\"_ _0\"></span>dings aw<span class=\"_ _2b\"></span>aiting the out<span class=\"_ _0\"></span>come of t<span class=\"_ _0\"></span>he</div>\n<div class=\"t m0 x1a h4f y1f5a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">crimina<span class=\"_ _2b\"></span>l <span class=\"_ _2\"></span>proc<span class=\"_ _2b\"></span>edure. The proceed<span class=\"_ _2b\"></span>ings are now reacti<span class=\"_ _0\"></span>vated an<span class=\"_ _0\"></span>d the</div>\n<div class=\"t m0 x1a h4f y1f5b ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">parties<span class=\"_ _0\"></span> are excha<span class=\"wsfa\">n<span class=\"_ _0\"></span>ging writ<span class=\"_ _0\"></span>ten su<span class=\"_ _0\"></span>bmissi<span class=\"_ _0\"></span>ons. Not<span class=\"_ _2b\"></span>hing is claime<span class=\"_ _2b\"></span>d anymore </span></div>\n<div class=\"t m0 x1a h4f y1f5c ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">from Age<span class=\"_ _0\"></span>as in th<span class=\"_ _0\"></span>ese proc<span class=\"_ _0\"></span>eedings<span class=\"_ _0\"></span>. On 7 J<span class=\"_ _0\"></span>une 2020,<span class=\"_ _0\"></span> Ageas e<span class=\"_ _2b\"></span>ntered into a</div>\n<div class=\"t m0 x1a h4f y1f5d ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">settlem<span class=\"_ _2b\"></span>ent agreement w<span class=\"_ _2b\"></span>ith Mr Modrikam<span class=\"_ _2b\"></span>en and his cli<span class=\"_ _0\"></span>ents who t<span class=\"_ _0\"></span>imely</div>\n<div class=\"t m0 x1a h4f y1f5e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">filed an op<span class=\"_ _2\"></span>t<span class=\"ls0 ws0\">-</span><span class=\"lse0\">out not<span class=\"_ _0\"></span>ice, purs<span class=\"_ _2b\"></span>uant to which t<span class=\"_ _2b\"></span>hese persons n<span class=\"_ _0\"></span>o longe<span class=\"_ _0\"></span><span class=\"wsef\">r </span></span></div>\n<div class=\"t m0 x1a h4f y1f5f ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">contin<span class=\"_ _0\"></span>ue these pro<span class=\"_ _0\"></span>ceeding<span class=\"_ _0\"></span>s against A<span class=\"_ _2b\"></span>geas SA/NV.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y1f60 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2.2 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse2 wsf1\">Demino<span class=\"_ _2\"></span>r</span> </span></div>\n<div class=\"t m0 x1a h4f y1f61 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">On 13 January 2010<span class=\"_ _2\"></span>, a series of shareholders<span class=\"_ _2\"></span> associated with Deminor</div>\n<div class=\"t m0 x1a h4f y1f62 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">International<span class=\"_ _2\"></span> (currently named D<span class=\"_ _2\"></span>RS Belgium) brought a<span class=\"_ _2\"></span>n action before<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1f63 ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the Brussels Commer<span class=\"_ _2\"></span>cial Court, seeking damages<span class=\"_ _2\"></span> based <span class=\"wsfa\">on alleged </span></div>\n<div class=\"t m0 x1a h4f y1f64 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">lack of/o<span class=\"_ _0\"></span>r mislead<span class=\"_ _0\"></span>ing infor<span class=\"_ _2b\"></span>mation by Fortis du<span class=\"_ _0\"></span>ring the per<span class=\"_ _0\"></span>iod from Mar<span class=\"_ _2b\"></span>ch</div>\n<div class=\"t m0 x1a h4f y1f65 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">2007 to Oct<span class=\"_ _0\"></span>ober 2008.<span class=\"_ _0\"></span> On 28 April<span class=\"_ _0\"></span> 2014, the cou<span class=\"_ _0\"></span>rt declare<span class=\"_ _2b\"></span>d <span class=\"_ _2\"></span>in an int<span class=\"_ _2b\"></span>erim</div>\n<div class=\"t m0 x1a h4f y1f66 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">judgme<span class=\"_ _0\"></span>nt about 2<span class=\"_ _2b\"></span>5% of the claim<span class=\"_ _2b\"></span>ants not admis<span class=\"_ _0\"></span>sible. T<span class=\"_ _0\"></span>he parti<span class=\"_ _2b\"></span>es are in</div>\n<div class=\"t m0 x1a h4f y1f67 ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the cours<span class=\"_ _0\"></span>e of terminat<span class=\"_ _2b\"></span>ing these proce<span class=\"_ _0\"></span>edings.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h55 y1f68 ff3cd fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.2.3 <span class=\"ls0 ws0\"> <span class=\"_ _1b1\"> </span><span class=\"lse0 wsf0\">Other claims on b<span class=\"_ _0\"></span>ehalf of in<span class=\"_ _0\"></span>dividua<span class=\"_ _0\"></span>l shareh<span class=\"_ _0\"></span>olders<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x1a h4f y1f69 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 12 Sept<span class=\"_ _2\"></span>ember 2012, Patripar<span class=\"_ _2\"></span>t, a (former) <span class=\"_ _2\"></span>Fortis shareholder,<span class=\"_ _2\"></span> and its</div>\n<div class=\"t m0 x1a h4f y1f6a ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">parent c<span class=\"_ _0\"></span>ompany Patr<span class=\"_ _2b\"></span>invest, brought an ac<span class=\"_ _0\"></span>tion bef<span class=\"_ _2b\"></span>ore the Brussels</div>\n<div class=\"t m0 x1a h4f y1f6b ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Commercial <span class=\"_ _2\"></span>Court, seeking dama<span class=\"_ _2\"></span>ges based on al<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">le<span class=\"_ _0\"></span>ged lack of or </span></div>\n<div class=\"t m0 x1a h4f y1f6c ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">mislead<span class=\"_ _2b\"></span>ing information in t<span class=\"_ _0\"></span>he conte<span class=\"_ _0\"></span>xt of the 2007 ri<span class=\"_ _2b\"></span>ghts issue. On 1</div>\n<div class=\"t m0 x1a h4f y1f6d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Februa<span class=\"_ _0\"></span>ry 2016 the co<span class=\"_ _0\"></span>urt fully rej<span class=\"_ _2b\"></span>ected the claim. O<span class=\"_ _0\"></span>n 16 March 20<span class=\"_ _0\"></span>16,</div>\n<div class=\"t m0 x1a h4f y1f6e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Patrinvest <span class=\"_ _2\"></span>filed an appeal be<span class=\"_ _2\"></span>fore the Brussel<span class=\"_ _2\"></span>s Appeal Court. T<span class=\"_ _2\"></span>he parties</div>\n<div class=\"t m0 x1a h4f y1f6f ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">are exchangi<span class=\"_ _2\"></span>ng their last wr<span class=\"_ _2\"></span>i<span class=\"lse0 wsf0\">tte<span class=\"_ _0\"></span>n submiss<span class=\"_ _0\"></span>ions and ar<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>await<span class=\"_ _2b\"></span>ing a </span></div>\n<div class=\"t m0 x1a h4f y1f70 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">pleadi<span class=\"_ _0\"></span>ng date a<span class=\"_ _0\"></span>nd the co<span class=\"_ _0\"></span>urt\u2019s d<span class=\"_ _0\"></span>ecision<span class=\"_ _2b\"></span>, for which no d<span class=\"_ _0\"></span>ate has y<span class=\"_ _2b\"></span>et been</div>\n<div class=\"t m0 x1a h4f y1f71 ff3ca fs3a fc14 sc0 lsf4 ws10c\" style=\"z-index: 15;\">set.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1f72 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f73 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">On 29 Apri<span class=\"_ _2\"></span>l 2013, a serie<span class=\"_ _2\"></span>s of shareholder<span class=\"_ _2\"></span>s represented by M<span class=\"_ _2\"></span>r Arnauts</div>\n<div class=\"t m0 x1a h4f y1f74 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">brought an<span class=\"_ _2\"></span> action before the<span class=\"_ _2\"></span> Brussels Commercial<span class=\"_ _2\"></span> Court, seeking</div>\n<div class=\"t m0 x1a h4f y1f75 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">damages ba<span class=\"ws103\">sed<span class=\"_ _2\"></span> on alleged incomplete or mi<span class=\"_ _2\"></span>sleading information by </span></div>\n<div class=\"t m0 x1a h4f y1f76 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Fortis i<span class=\"_ _0\"></span>n 2007 an<span class=\"_ _2b\"></span>d 2008; this act<span class=\"_ _2b\"></span>ion was suspen<span class=\"_ _2b\"></span>ded awaiting t<span class=\"_ _2b\"></span>he</div>\n<div class=\"t m0 x1a h4f y1f77 ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">outcom<span class=\"_ _0\"></span>e of the c<span class=\"_ _0\"></span>riminal <span class=\"_ _0\"></span>procee<span class=\"_ _0\"></span>dings. T<span class=\"_ _0\"></span>he part<span class=\"_ _0\"></span>ies are i<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>urse of</div>\n<div class=\"t m0 x1a h4f y1f78 ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">terminating <span class=\"_ _2\"></span>these proceedings.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1f79 ff3ca fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f7a ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">On 19 Sep<span class=\"_ _0\"></span>tember <span class=\"_ _2b\"></span>2013, certain (f<span class=\"_ _2b\"></span>orm<span class=\"lse2 ws103\">er) Fortis<span class=\"_ _2\"></span> shareholders </span></div>\n<div class=\"t m0 x1a h4f y1f7b ff3ca fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">represe<span class=\"_ _0\"></span>nted by M<span class=\"_ _2b\"></span>r Lenssens init<span class=\"_ _2b\"></span>iated a simil<span class=\"_ _0\"></span>ar actio<span class=\"_ _2b\"></span>n before the</div>\n<div class=\"t m0 x1a h4f y1f7c ff3ca fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Brussels Civil Cou<span class=\"_ _2\"></span>rt; this action was susp<span class=\"_ _2\"></span>ended awaiting the outcome of<span class=\"_ _2\"></span> </div>\n<div class=\"t m0 x1a h4f y1f7d ff3ca fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">the crimi<span class=\"_ _0\"></span>nal proce<span class=\"_ _0\"></span>edings.<span class=\"_ _0\"></span> The parties<span class=\"_ _2b\"></span> are in the course of ter<span class=\"_ _0\"></span>minatin<span class=\"_ _2b\"></span>g</div>\n<div class=\"t m0 x1a h4f y1f7e ff3ca fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">these proce<span class=\"_ _2\"></span>edings.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 267px; height: 839px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 267px; height: 839px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 267px; height: 839px; width: 94%; z-index: 2;\"><br/></div>\n\n<div><br/></div>\n\n<div><br/></div>\n\n<div class=\"t m0 x7 h4f y802 ff3d3 fs3a fc20 sc0 lsf4 ws10c\" style=\"z-index: 15;\">1.3<span class=\"ls0 ws0\"> <span class=\"_ _13c\"> </span><span class=\"lse2 wsfa\">Hold <span class=\"_ _2\"></span>harmless undertakin<span class=\"_ _2\"></span>gs</span> </span></div>\n<div class=\"t m0 x7 h4f y803 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">In 2008,<span class=\"_ _0\"></span> Fortis <span class=\"_ _0\"></span>granted c<span class=\"_ _0\"></span>ertain f<span class=\"_ _2b\"></span>ormer executiv<span class=\"_ _2b\"></span>es and direct<span class=\"_ _2b\"></span>ors, at the</div>\n<div class=\"t m0 x7 h4f y804 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">time of the<span class=\"_ _0\"></span>ir depart<span class=\"_ _0\"></span>ure, a contr<span class=\"_ _0\"></span>actual ho<span class=\"_ _0\"></span>ld harml<span class=\"_ _0\"></span>ess protect<span class=\"_ _2b\"></span>ion covering</div>\n<div class=\"t m0 x7 h4f y805 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">legal ex<span class=\"_ _0\"></span>penses a<span class=\"_ _2b\"></span>nd, in certai<span class=\"_ _0\"></span>n cases,<span class=\"_ _0\"></span> also <span class=\"lse2 ws103\">the financial consequence<span class=\"_ _2\"></span>s of </span></div>\n<div class=\"t m0 x7 h4f y806 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">any judicial<span class=\"_ _2\"></span> decisions, in the event that lega<span class=\"_ _2\"></span>l proceedings were brough<span class=\"_ _2\"></span>t</div>\n<div class=\"t m0 x7 h4f y807 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">against<span class=\"_ _0\"></span> them on t<span class=\"_ _2b\"></span>he basis of the<span class=\"_ _0\"></span>ir mand<span class=\"_ _0\"></span>ates ex<span class=\"_ _0\"></span>ercised <span class=\"_ _0\"></span>within t<span class=\"_ _2b\"></span>he Fortis</div>\n<div class=\"t m0 x7 h4f y808 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">group. Ageas con<span class=\"_ _2\"></span>tests the validity of the con<span class=\"_ _2\"></span>tractual hold harmless</div>\n<div class=\"t m0 x7 h4f y809 ff3d3 fs3a fc14 sc0 lsfa ws11e\" style=\"z-index: 15;\">commitmen<span class=\"_ _2\"></span>ts t<span class=\"lse0 wsfa\">o the exte<span class=\"_ _2b\"></span>nt they relate<span class=\"_ _0\"></span> to the fi<span class=\"_ _2b\"></span>nancial conseq<span class=\"_ _0\"></span>uences <span class=\"_ _2b\"></span>of </span></div>\n<div class=\"t m0 x7 h4f y80a ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">any judic<span class=\"_ _0\"></span>ial decisi<span class=\"_ _2b\"></span>ons.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y80b ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y80c ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Furtherm<span class=\"_ _2b\"></span>ore, and as st<span class=\"_ _0\"></span>andard m<span class=\"_ _2b\"></span>arket practic<span class=\"_ _0\"></span>e in this k<span class=\"_ _2b\"></span>ind of operati<span class=\"_ _2b\"></span>ons,</div>\n<div class=\"t m0 x7 h4f y80d ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Ageas e<span class=\"_ _0\"></span>ntered i<span class=\"_ _0\"></span>nto agr<span class=\"_ _0\"></span>eements<span class=\"_ _0\"></span> with c<span class=\"_ _0\"></span>ertain f<span class=\"_ _0\"></span>inanci<span class=\"_ _0\"></span>al insti<span class=\"_ _0\"></span>tutions<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x7 h4f y80e ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">facilitat<span class=\"_ _2b\"></span>ing the placing of F<span class=\"_ _0\"></span>ortis<span class=\"ls0 ws0\"> </span><span class=\"wsfa\">shar<span class=\"_ _2b\"></span>es in the contex<span class=\"_ _2b\"></span>t of the capital<span class=\"_ _0\"></span> </span></div>\n<div class=\"t m0 x7 h4f y80f ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">increas<span class=\"_ _2b\"></span>es of 2007 and 2008. Th<span class=\"_ _0\"></span>ese agre<span class=\"_ _0\"></span>ements co<span class=\"_ _0\"></span>ntain ind<span class=\"_ _2b\"></span>emnification</div>\n<div class=\"t m0 x7 h4f y810 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">clauses t<span class=\"_ _2b\"></span>hat imply hol<span class=\"_ _2b\"></span>d harmless obl<span class=\"_ _0\"></span>igation<span class=\"_ _0\"></span>s for Age<span class=\"_ _2b\"></span>as subject to c<span class=\"_ _0\"></span>ertain</div>\n<div class=\"t m0 x7 h4f y90a ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">terms and co<span class=\"_ _2b\"></span>nditions. Som<span class=\"_ _0\"></span>e of these fina<span class=\"_ _2b\"></span>ncial instituti<span class=\"_ _0\"></span>ons are inv<span class=\"_ _2b\"></span>olved in</div>\n<div class=\"t m0 x7 h4f y90b ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">certain leg<span class=\"_ _2\"></span>al proceedings men<span class=\"_ _2\"></span>tioned in this chap<span class=\"_ _2\"></span>ter.<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y90c ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y90d ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In the cont<span class=\"_ _0\"></span>ext of a sett<span class=\"_ _0\"></span>lement wit<span class=\"_ _0\"></span>h the unde<span class=\"_ _2b\"></span>rwriters of D&amp;O liab<span class=\"_ _0\"></span>ility</div>\n<div class=\"t m0 x7 h4f y90e ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">insurance and Publ<span class=\"_ _2\"></span>ic Offering of Securities<span class=\"_ _2\"></span> Insurance policies relating<span class=\"_ _2\"></span> to</div>\n<div class=\"t m0 x7 h4f y90f ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the eve<span class=\"_ _0\"></span>nts and d<span class=\"_ _0\"></span>evelopm<span class=\"_ _0\"></span>ents su<span class=\"_ _2b\"></span>rrounding the f<span class=\"_ _0\"></span>ormer F<span class=\"_ _0\"></span>ortis<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">Group in </span></span></div>\n<div class=\"t m0 x7 h4f y910 ff3d3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">2007 <span class=\"ls0 ws0\">-<span class=\"_ _2\"></span> <span class=\"lse0 wsfa\">2008, A<span class=\"_ _2b\"></span>geas grante<span class=\"_ _0\"></span>d a hold h<span class=\"_ _0\"></span>armless<span class=\"_ _0\"></span> undert<span class=\"_ _0\"></span>aking i<span class=\"_ _0\"></span>n favour <span class=\"_ _2b\"></span>of </span></span></div>\n<div class=\"t m0 x7 h4f y911 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">the insurers fo<span class=\"_ _2\"></span>r the aggregate amount of cove<span class=\"_ _2\"></span>rage under the policies</div>\n<div class=\"t m0 x7 h4f y912 ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">concerned. <span class=\"_ _2\"></span>In addition, Agea<span class=\"_ _2\"></span>s granted certain ind<span class=\"_ _2\"></span>emnity and hold</div>\n<div class=\"t m0 x7 h4f y913 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">harmless<span class=\"_ _0\"></span> undert<span class=\"_ _2b\"></span>akings in fav<span class=\"_ _0\"></span>our of c<span class=\"_ _0\"></span>ertain f<span class=\"_ _2b\"></span><span class=\"wsf0\">ormer Fortis exec<span class=\"_ _2b\"></span>utives and </span></div>\n<div class=\"t m0 x7 h4f y914 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">directors and of<span class=\"_ _2\"></span> BNP Paribas Fortis relating<span class=\"_ _2\"></span> to future defence costs,<span class=\"_ _2\"></span> as</div>\n<div class=\"t m0 x7 h4f y915 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">well as i<span class=\"_ _2b\"></span>n favour of the d<span class=\"_ _0\"></span>irecto<span class=\"_ _0\"></span>rs of th<span class=\"_ _0\"></span>e two Dut<span class=\"_ _0\"></span>ch foun<span class=\"_ _0\"></span>dations c<span class=\"_ _2b\"></span>reated in</div>\n<div class=\"t m0 x7 h4f y916 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cont<span class=\"_ _0\"></span>ext of t<span class=\"_ _0\"></span>he settl<span class=\"_ _0\"></span>ement.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1f85 ff3d5 fs46 fc10 sc0 ls100 ws11a\" style=\"z-index: 15;\">43.2<span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h6a y1f86 ff3d5 fs46 fc10 sc0 ls10e ws131\" style=\"z-index: 15;\">Contingent liab<span class=\"_ _2\"></span>ilities for hybrid <span class=\"_ _2\"></span>instrument<span class=\"ls13e ws165\">s of <span class=\"_ _2\"></span></span></div>\n<div class=\"t m0 x7 h6a y1f87 ff3d5 fs46 fc10 sc0 ls10f ws132\" style=\"z-index: 15;\">former subsidiar<span class=\"_ _2b\"></span>i<span class=\"_ _2\"></span>es<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x7 h4f y1083 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In 2007 BNP P<span class=\"_ _2b\"></span>aribas Fortis SA/N<span class=\"_ _2b\"></span>V <span class=\"_ _2\"></span>issu<span class=\"_ _2b\"></span>ed CASHES (Conv<span class=\"_ _0\"></span>ertible A<span class=\"_ _0\"></span>nd</div>\n<div class=\"t m0 x7 h4f y1084 ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">Subordinated <span class=\"_ _2\"></span>Hybrid Equity<span class=\"ls0 ws0\">-<span class=\"lse0 wsf0\">linked Securit<span class=\"_ _0\"></span>ies), wit<span class=\"_ _0\"></span>h Ageas SA/<span class=\"_ _0\"></span>NV acting </span></span></div>\n<div class=\"t m0 x7 h4f y1085 ff3d3 fs3a fc14 sc0 lsfb ws127\" style=\"z-index: 15;\">as co<span class=\"ls0 ws0\">-<span class=\"_ _2\"></span><span class=\"lse0 wsf0\">obli<span class=\"_ _0\"></span>gor (BNP<span class=\"_ _0\"></span> Paribas Fort<span class=\"_ _2b\"></span>is SA/NV was at that <span class=\"wsfa\">p<span class=\"_ _0\"></span>oint in t<span class=\"_ _0\"></span>ime a </span></span></span></div>\n<div class=\"t m0 x7 h4f y1086 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">subsidi<span class=\"_ _0\"></span>ary). F<span class=\"_ _0\"></span>rom the o<span class=\"_ _0\"></span>rigina<span class=\"_ _0\"></span>l 12,000 <span class=\"_ _0\"></span>securit<span class=\"_ _0\"></span>ies issu<span class=\"_ _0\"></span>ed, 3,<span class=\"_ _0\"></span>326 secu<span class=\"_ _0\"></span>rities</div>\n<div class=\"t m0 x1a h4f y1f88 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">remain out<span class=\"_ _2b\"></span>standing, repr<span class=\"_ _2b\"></span>esenting an aggr<span class=\"_ _0\"></span>egate pri<span class=\"_ _0\"></span>ncipal am<span class=\"_ _2b\"></span>ount of EUR</div>\n<div class=\"t m0 x1a h4f y1f89 ff3d3 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">831.5<span class=\"ls0 ws0\"> <span class=\"ls102 ws11d\">million. </span> </span></div>\n<div class=\"t m0 x1a h4f y1f8a ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f8b ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The secur<span class=\"_ _0\"></span>ities hav<span class=\"_ _0\"></span>e no maturit<span class=\"_ _0\"></span>y date and ca<span class=\"_ _0\"></span>nnot be rep<span class=\"_ _0\"></span>aid in cash, t<span class=\"_ _0\"></span>hey</div>\n<div class=\"t m0 x1a h4f y1f8c ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">can only be ex<span class=\"_ _0\"></span>change<span class=\"_ _0\"></span>d into <span class=\"wsef\">Ageas<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">shares at a pr<span class=\"_ _0\"></span>ice of EUR 239.<span class=\"_ _2b\"></span>40 per </span></span></span></div>\n<div class=\"t m0 x1a h4f y1f8d ff3d3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">share. A mandat<span class=\"_ _2b\"></span>ory exchange tak<span class=\"_ _0\"></span>es place if th<span class=\"_ _0\"></span>e price of the </span></span></div>\n<div class=\"t m0 x1a h4f y1f8e ff3d3 fs3a fc14 sc0 lse2 wsf1\" style=\"z-index: 15;\">Ageas<span class=\"ls0 ws0\"> <span class=\"lse0 wsf0\">share is equal to or hi<span class=\"_ _2b\"></span>gher than EUR 359.<span class=\"_ _2b\"></span>10 on twenty </span></span></div>\n<div class=\"t m0 x1a h4f y1f8f ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">consec<span class=\"_ _0\"></span>utive stoc<span class=\"_ _0\"></span>k exchan<span class=\"_ _0\"></span>ge busin<span class=\"_ _0\"></span>ess days. BN<span class=\"_ _0\"></span>P Pariba<span class=\"_ _0\"></span>s Fortis SA/<span class=\"_ _0\"></span>NV</div>\n<div class=\"t m0 x1a h4f y1f90 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">owns 3,47<span class=\"_ _0\"></span>3,271<span class=\"ls0 ws0\"> <span class=\"lse2 wsf1\">Ageas</span> </span>shares for t<span class=\"_ _0\"></span>he purpos<span class=\"_ _2b\"></span>e <span class=\"_ _2\"></span>of th<span class=\"_ _0\"></span>e potential ex<span class=\"_ _0\"></span>chang<span class=\"_ _0\"></span>e</div>\n<div class=\"t m0 x1a h4f y1f91 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">of the CASH<span class=\"_ _0\"></span>ES. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1f92 ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f93 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">The sole <span class=\"_ _2b\"></span>recourse of t<span class=\"_ _0\"></span>he holder<span class=\"_ _0\"></span>s of the C<span class=\"_ _2b\"></span>ASHES against<span class=\"_ _2b\"></span> any of the co<span class=\"ls0 ws0\">-</span></div>\n<div class=\"t m0 x1a h4f y1f94 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">obligors with re<span class=\"_ _2\"></span>spect to the principal amount<span class=\"_ _2\"></span> are the Ageas shares that</div>\n<div class=\"t m0 x1a h4f y1f95 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">BNP Pari<span class=\"_ _0\"></span>bas Fortis<span class=\"_ _2b\"></span> <span class=\"_ _2\"></span>SA/N<span class=\"_ _0\"></span>V holds, th<span class=\"_ _0\"></span>ese shar<span class=\"_ _0\"></span>es are pled<span class=\"_ _0\"></span>ged in favou<span class=\"_ _0\"></span>r of</div>\n<div class=\"t m0 x1a h4f y1f96 ff3d3 fs3a fc14 sc0 lsf3 ws11c\" style=\"z-index: 15;\">suc<span class=\"lse0 wsf0\">h holders<span class=\"_ _0\"></span>. <span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x1a h4f y1f97 ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1f98 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">BNP Paribas Forti<span class=\"_ _2\"></span>s SA/NV pays the coupon on the CASHES<span class=\"_ _2\"></span>, in</div>\n<div class=\"t m0 x1a h4f y1f99 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">quarter<span class=\"_ _0\"></span>ly arrears<span class=\"_ _0\"></span>, at a variab<span class=\"_ _0\"></span>le rate of 3 mo<span class=\"_ _0\"></span>nth Eurib<span class=\"_ _0\"></span>or plus 200 b<span class=\"_ _0\"></span>asis</div>\n<div class=\"t m0 x1a h4f y1f9a ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">points, <span class=\"_ _0\"></span>up to th<span class=\"_ _0\"></span>e exchan<span class=\"_ _2b\"></span>ge of the secu<span class=\"_ _0\"></span>rities fo<span class=\"_ _0\"></span>r Ageas <span class=\"_ _0\"></span>shares. I<span class=\"_ _2b\"></span>n the</div>\n<div class=\"t m0 x1a h4f y1f9b ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">event that<span class=\"_ _0\"></span> Ageas decl<span class=\"_ _0\"></span>ares no div<span class=\"_ _0\"></span>idend on i<span class=\"wsfa\">t<span class=\"_ _0\"></span>s shares<span class=\"_ _0\"></span>, or t<span class=\"_ _0\"></span>hat the </span></div>\n<div class=\"t m0 x1a h4f y1f9c ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>ds to be decla<span class=\"_ _2b\"></span>red are below a thres<span class=\"_ _0\"></span>hold wit<span class=\"_ _0\"></span>h respect to any<span class=\"_ _2b\"></span> </div>\n<div class=\"t m0 x1a h4f y1f9d ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">financi<span class=\"_ _0\"></span>al year <span class=\"_ _0\"></span>(divide<span class=\"_ _0\"></span>nd yiel<span class=\"_ _0\"></span>d less th<span class=\"_ _0\"></span>an 0.5%<span class=\"_ _0\"></span>), and in<span class=\"_ _0\"></span> certai<span class=\"_ _0\"></span>n other</div>\n<div class=\"t m0 x1a h4f y1f9e ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">circumstances<span class=\"_ _2\"></span>, coupons will manda<span class=\"_ _2\"></span>torily need to<span class=\"_ _2\"></span> be settled by Agea<span class=\"_ _2\"></span>s</div>\n<div class=\"t m0 x1a h4f y1f9f ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">SA/NV via issuan<span class=\"_ _2\"></span>ce of new sha<span class=\"lse0 wsfa\">res in ac<span class=\"_ _0\"></span>corda<span class=\"_ _0\"></span>nce wit<span class=\"_ _0\"></span>h the so c<span class=\"_ _0\"></span>alled </span></div>\n<div class=\"t m0 x1a h4f y1fa0 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">Alternative Cou<span class=\"_ _2\"></span>pon Settlement Method (ACSM), whi<span class=\"_ _2\"></span>le BNP Paribas</div>\n<div class=\"t m0 x1a h4f y1fa1 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">Fortis S<span class=\"_ _0\"></span>A/NV w<span class=\"_ _0\"></span>ould nee<span class=\"_ _2b\"></span>d to issue instru<span class=\"_ _0\"></span>ments t<span class=\"_ _0\"></span>hat qua<span class=\"_ _0\"></span>lify as <span class=\"_ _0\"></span>hybrid T<span class=\"_ _0\"></span>ier</div>\n<div class=\"t m0 x1a h4f y1fa2 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">1 instrum<span class=\"_ _0\"></span>ents to Age<span class=\"_ _0\"></span>as as compe<span class=\"_ _0\"></span>nsatio<span class=\"_ _0\"></span>n for the coup<span class=\"_ _0\"></span>ons paid by A<span class=\"_ _2b\"></span>geas</div>\n<div class=\"t m0 x1a h4f y1fa3 ff3d3 fs3a fc14 sc0 lsf4 ws0\" style=\"z-index: 15;\">SA/NV. If the <span class=\"lse2 ws103\">ACSM is triggered<span class=\"_ _2\"></span> and there is insufficient ava<span class=\"_ _2\"></span>ilable </span></div>\n<div class=\"t m0 x1a h4f y1fa4 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">authoris<span class=\"_ _2b\"></span>ed capital to enabl<span class=\"_ _0\"></span>e Ageas SA/<span class=\"_ _0\"></span>NV to meet th<span class=\"_ _0\"></span>e ACSM obli<span class=\"_ _0\"></span>gation,<span class=\"_ _0\"></span> </div>\n<div class=\"t m0 x1a h4f y1fa5 ff3d3 fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">the cou<span class=\"_ _0\"></span>pon sett<span class=\"_ _0\"></span>lement w<span class=\"_ _2b\"></span>ill be postpon<span class=\"_ _0\"></span>ed until s<span class=\"_ _2b\"></span>uch time as the <span class=\"_ _0\"></span>ability<span class=\"_ _0\"></span> to</div>\n<div class=\"t m0 x1a h4f y1fa6 ff3d3 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">issue shares is<span class=\"_ _2\"></span> restored. <span class=\"ls0 ws0\"> </span></div>\n<div class=\"t m0 x1a h4f y1fa7 ff3d3 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x1a h4f y1fa8 ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">In an agreem<span class=\"_ _2b\"></span>ent reached in <span class=\"lse2 ws103\">2012, that amongst other<span class=\"_ _2\"></span>s led to the tender </span></div>\n<div class=\"t m0 x1a h4f y1fa9 ff3d3 fs3a fc14 sc0 lse2 wsfa\" style=\"z-index: 15;\">and subsequen<span class=\"_ _2\"></span>t exchange of CAS<span class=\"_ _2\"></span>HES, Ageas agreed <span class=\"_ _2\"></span>to pay an annual</div>\n<div class=\"t m0 x1a h4f y1faa ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">indemn<span class=\"_ _0\"></span>ity to BNP Par<span class=\"_ _2b\"></span>ibas Fortis SA/NV t<span class=\"_ _0\"></span>hat equal<span class=\"_ _0\"></span>s the gross<span class=\"_ _0\"></span>ed up</div>\n<div class=\"t m0 x1a h4f y1fab ff3d3 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">dividen<span class=\"_ _0\"></span>d on the shar<span class=\"_ _0\"></span>es that BNP P<span class=\"_ _0\"></span>aribas Fort<span class=\"_ _2b\"></span>is SA/NV holds.<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 5%; bottom: 503px; height: 603px; width: 90%; z-index: 4;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 4%; bottom: 503px; height: 603px; width: 92%; z-index: 3;\"><br/></div>\n\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 503px; height: 603px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag485": {
   "value": "\n<div class=\"t m0 x7 h11 y757 ff1 fsd fc2 sc0 ls0 ws0\" style=\"z-index: 15;\">E<span class=\"_ _2b\"></span>v<span class=\"_ _2b\"></span>ents after t<span class=\"_ _2\"></span>he dat<span class=\"_ _2b\"></span>e of the</div>\n<div class=\"t m0 x7 h11 y758 ff1 fsd fc2 sc0 ls94 ws9e\" style=\"z-index: 15;\">sta<span class=\"_ _2b\"></span>temen<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f financi<span class=\"_ _2\"></span>al po<span class=\"_ _2b\"></span>sit<span class=\"_ _2\"></span>io<span class=\"_ _0\"></span>n</div>\n<div class=\"t m0 x7 h4f y17d5 ff3d7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\">T<span class=\"lse2 wsf1\">he <span class=\"lse0 wsef\">devastating </span><span class=\"ws103\">earthquake in February 2023</span></span> <span class=\"_ _2\"></span><span class=\"lse0 wsfa\">in T\u00fc<span class=\"_ _0\"></span>rkiye i<span class=\"_ _0\"></span>s expect<span class=\"_ _2b\"></span>ed to have no m<span class=\"_ _0\"></span>aterial <span class=\"_ _0\"></span>impact<span class=\"_ _0\"></span> on the co<span class=\"_ _2b\"></span>nsolidated fin<span class=\"_ _2b\"></span>ancial statem<span class=\"_ _2b\"></span>ents of Ageas. <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t m0 x7 h4f y1ce3 ff3d7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1fbb ff3d7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">On 13 March 2<span class=\"_ _0\"></span>023, Ageas a<span class=\"_ _2b\"></span>nnounced that it init<span class=\"_ _2b\"></span>iated exclusiv<span class=\"_ _0\"></span>e negotiat<span class=\"_ _2b\"></span>ions with La Mutuell<span class=\"_ _2b\"></span>e Epargne Retra<span class=\"_ _0\"></span>ite Pr\u00e9voy<span class=\"_ _2b\"></span>ance Carac<span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">(\u201cCarac\u201d) for the<span class=\"_ _2\"></span> </span></span></div>\n<div class=\"t m0 x7 h4f y1fbc ff3d7 fs3a fc14 sc0 lse0 wsef\" style=\"z-index: 15;\">disposal<span class=\"_ _0\"></span><span class=\"ls0 ws0\"> <span class=\"lse2 ws103\">of its French ac<span class=\"_ _2\"></span>tivities. The transaction<span class=\"_ _2\"></span> is subject to regulatory app<span class=\"_ _2\"></span>rovals.</span> </span></div>\n<div class=\"t m0 x7 h4f y1fbd ff3d7 fs3a fc14 sc0 ls0 ws0\" style=\"z-index: 15;\"> </div>\n<div class=\"t m0 x7 h4f y1fbe ff3d7 fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">Followi<span class=\"_ _2b\"></span>ng recent events at Cr<span class=\"_ _0\"></span>edit Suis<span class=\"_ _0\"></span>se and Silic<span class=\"_ _2b\"></span>on Valley Bank, Age<span class=\"_ _0\"></span>as has ana<span class=\"_ _0\"></span>lysed its ex<span class=\"_ _0\"></span>posure to Am<span class=\"_ _2b\"></span>erican regional<span class=\"_ _0\"></span> banks <span class=\"lse2 wsfa\">and Credit Suisse/<span class=\"_ _2\"></span>UBS </span></div>\n<div class=\"t m0 x7 h4f y1fbf ff3d7 fs3a fc14 sc0 lse2 ws103\" style=\"z-index: 15;\">and concluded t<span class=\"_ _2\"></span>hat Ageas\u2019 ove<span class=\"lse0 wsf0\">rall exp<span class=\"_ _0\"></span>osure is not m<span class=\"_ _0\"></span>aterial.<span class=\"_ _2b\"></span><span class=\"ls0 ws0\"> </span></span></div>\n<div class=\"t carbonparamark\" style=\"position: absolute; left: 3%; bottom: 727px; height: 234px; width: 94%; z-index: 2;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag487": {
   "value": "\n<div class=\"t m0 x26 h4f y1fc4 ff3dc fs3a fc14 sc0 lse0 wsf0\" style=\"z-index: 15;\">The Boar<span class=\"_ _0\"></span>d of Director<span class=\"_ _2b\"></span>s <span class=\"_ _2\"></span>has r<span class=\"_ _0\"></span>eviewe<span class=\"_ _0\"></span>d the Ageas Co<span class=\"_ _2b\"></span>nsolidated Finan<span class=\"_ _2b\"></span>cial Statements<span class=\"_ _0\"></span> and the Repo<span class=\"_ _0\"></span>rt</div>\n<div class=\"t m0 x26 h4f y1fc5 ff3dc fs3a fc14 sc0 lse0 wsfa\" style=\"z-index: 15;\">of the Bo<span class=\"_ _2b\"></span>ard of Direct<span class=\"_ _0\"></span>ors on <span class=\"lse2 ws103\">28 March<span class=\"ls0 ws0\"> </span><span class=\"wsf1\">202<span class=\"ls0 ws0\">3 </span><span class=\"wsfa\">and<span class=\"_ _2\"></span> has authorised<span class=\"_ _2\"></span> their issue. <span class=\"ls0 ws0\"> </span></span></span></span></div>\n<div class=\"t carbonparamark et\" style=\"position: absolute; left: 319px; bottom: 807px; height: 50px; width: 475px; z-index: 1;\"><br/></div>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "Tag488": {
   "value": "Rue du Marquis 1, 1000 Brussels, Belgium",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:5493005DJBML6LY3RV36",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "footnote1": {
   "value": "<div class=\"t m0 x7 h5c y6a0 ff31 fs3f fc14 sc0 lsf1 ws106\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Change in revaluation of investments available for sale, includes the revaluation of cash flow hedges and is net of currency differences and shadow <span class=\"ws106\">accounting.<span class=\"ls0 ws0\"> </span></span></span></div>\n<div class=\"t m0 x7 h5c y6a1 ff31 fs3f fc14 sc0 ls0 ws0\"> <span class=\"_ _1ed\"> </span><span class=\"lsf1 ws107\">Revaluation of debt securities was adversely impacted by rising interest rates in 2022 and volatility in equity markets also had a negative impact on the revaluation of equity securities. See note </span></div>\n<div class=\"t m0 x43 h5c y6a2 ff31 fs3f fc14 sc0 lsf1 ws107\">10 Financial investments for more details.</div>",
   "dimensions": {
    "concept": "xbrl:note",
    "noteId": "footnote1",
    "language": "en"
   }
  },
  "footnote2": {
   "value": "<div class=\"t m0 x7 h5c y6bc ff39 fs3f fc14 sc0 lsf1 ws106\">(1)<span class=\"ls0 ws0\"> <span class=\"_ _21\"> </span></span><span class=\"ws107\">Other changes in shareholders\u2019 equity include changes in the fair value of the put option on Interparking<span class=\"ls0 ws0\"> </span>shares, an indemnity paid to BNP Paribas Fortis SA/NV for Ageas shares held related to </span></div>\n<div class=\"t m0 x43 h5c y6bd ff39 fs3f fc14 sc0 lsf1 ws107\">the CASHES securities (see note 43.2) and, if and when applicable, capital distributions to holders of FRESH and CASHES securities because Ageas\u2019s dividend yield exceeded 5%.</div>",
   "dimensions": {
    "concept": "xbrl:note",
    "noteId": "footnote2",
    "language": "en"
   }
  }
 }
}